GENER8 MARITIME,INC. (OTCBB:GMRRQ) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive
Agreement.

On March1, 2017, Gener8 Maritime,Inc. (the Company) entered into
an indemnification agreement in substantially the form attached
as Exhibit10.1 to this Current Report on Form8-K (the
Indemnification Agreement) with each current member of the
Companys board of directors (the Board) and each current officer
of the Company (each, an Indemnitee).

Under the Indemnification Agreements, subject to the exclusions
set forth therein, the Company will indemnify each Indemnitee who
was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding
whether civil, criminal, administrative or investigative (other
than an action by or in the right of the Company) by reason of
the fact that such Indemnitee is or was a director or officer of
the Company, or is or was serving at the request of the Company
as a director or officer of another corporation, partnership,
joint venture, trust or other enterprise, against expenses
(including attorneys fees), judgments, fines and amounts paid in
settlement actually and reasonably incurred by such Indemnitee in
connection with such action, suit or proceeding if such person
acted in good faith and in a manner such Indemnitee reasonably
believed to be in or not opposed to the Companys best interests,
and, with respect to any criminal action or proceeding, had no
reasonable cause to believe that such Indemnitees conduct was
unlawful.

The Company will also indemnify each Indemnitee who was or is a
party or is threatened to be made a party to any threatened,
pending, or completed action or suit by or in the right of the
Company to procure judgment in the Companys favor by reason of
the fact that such Indemnitee is or was a director or officer of
the Company, or is or was serving at the request of the Company
as a director or officer of (or in a similar capacity in respect
of) another corporation, partnership, joint venture, trust or
other enterprise against expenses (including attorneys fees)
actually and reasonably incurred by such Indemnitee or in
connection with the defense or settlement of such action or suit
if such Indemnitee acted in good faith and in a manner such
Indemnitee reasonably believed to be in or not opposed to the
Companys best interests and except that no indemnification will
be made in respect of any claim, issue or matter as to which such
Indemnitee is adjudged to be liable for negligence or misconduct
in the performance of such Indemnitees duty to the Company unless
and only to the extent that the court in which such action or
suit was brought shall determine upon application that, despite
the adjudication of liability but in view of all the
circumstances of the case, such Indemnitee is fairly and
reasonably entitled to indemnity for such expenses which the
court shall deem proper.

The rights of an Indemnitee to indemnification and advancement of
expenses are in addition to any other rights to which an
Indemnitee may at any time be entitled under applicable law, the
corporate organizational documents of the Company, any agreement,
a vote of shareholders, an action of the Board or otherwise.

The foregoing description does not purport to summarize all of
the provisions of the Indemnification Agreement and is qualified
in its entirety by reference to the form of Indemnification
Agreement, which is filed herewith as Exhibit10.1 and is
incorporated herein by reference.

Item 9.01 Financial Statements and
Exhibits.

(d) Exhibits

About GENER8 MARITIME, INC. (OTCBB:GMRRQ)

Gener8 Maritime, Inc., formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons. The Company’s vessels are primarily available for charter on a spot voyage or time charter basis and for employment in commercial pools. Its fleet of vessels include Gener8 Zeus, Gener8 Neptune, Gener8 Ares, Gener8 Hera, Gener8 Harriet G, Gener8 Horn, Gener8 Daphne, Gener8 Elektra, Gener8 Companion, Gener8 Compatriot, Gener8 Spyridon, Gener8 Kara G, Gener8 Maniate and others.

GENER8 MARITIME, INC. (OTCBB:GMRRQ) Recent Trading Information

GENER8 MARITIME, INC. (OTCBB:GMRRQ) closed its last trading session at 0.0042 with shares trading hands.