International Seaways, Inc.

EX-10.1 · tm2617854d1_ex10-1.htm

EX-10.1
 2
 tm2617854d1_ex10-1.htm
 EXHIBIT 10.1

 Exhibit 10.1

 FORM OF Amendment No. 10 to Lois K. Zabrocky’s
Employment Agreement

 This Amendment No. 10 (the “ Amendment ”),
dated as of June 8, 2026 (the “ Effective Date ”), is between International Seaways, Inc. (the “ Company ”)
and Lois K. Zabrocky (the “ Executive ”).

 WHEREAS,
Overseas Shipholding Group, Inc. (“ OSG ”) and the Executive previously entered into an employment agreement, dated September
29, 2014 and as amended as of March 30, 2016; August 3, 2016; and November 7, 2016, which was assumed by the Company and subsequently
further amended as of April 4, 2018; April 5, 2019; April 2, 2020; April 7, 2022; March 8, 2023; and March 14, 2024 (the “ Employment
Agreement ”).

 WHEREAS,
the Employment Agreement was assigned to the Company on November 30, 2016 in connection with the spin-off of the Company from OSG (the
 “ Assignment ”).

 WHEREAS,
pursuant to Section 13(g) of the Employment Agreement, following the Assignment, references to “the Company” in the Employment
Agreement constitute a reference to the Company (rather than to OSG).

 WHEREAS,
the Company and the Executive wish to amend the Employment Agreement in accordance with Section 13(c) thereof.

 NOW,
THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the
parties agree as follows:

 1. Section 3(a) is hereby amended by replacing “$800,000” with “$850,000”.

 2. Except as provided herein, the terms and conditions of the Employment Agreement shall remain in full force and effect and shall be
binding on the Company in the same manner and to the same extent as on OSG if no assignment to the Company had taken place.

 3. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but
all of which shall constitute one and the same instrument.

 [ Signature Page Follows ]

 IN WITNESS WHEREOF, the parties
have executed this Amendment to the Employment Agreement as of the date first written above.

 Lois K. Zabrocky

 International Seaways, Inc.

 Name:

 Title:

EX-10.2 · tm2617854d1_ex10-2.htm

EX-10.2
 3
 tm2617854d1_ex10-2.htm
 EXHIBIT 10.2

 Exhibit 10.2

 FORM OF Amendment No. 8 to Jeffrey D. Pribor’s
Employment Agreement

 This Amendment No. 8 (the “ Amendment ”),
dated as of June 8, 2026 (the “ Effective Date ”), is between International Seaways, Inc. (the “ Company ”)
and Jeffrey D. Pribor (the “ Executive ”).

 WHEREAS,
the Company and the Executive previously entered into an employment agreement, dated November 9, 2016, as amended as of April 5, 2019;
April 2, 2020; March 16, 2021; April 7, 2022; March 8, 2023; March 14, 2024; and March 12, 2025 (the “ Employment Agreement ”).

 WHEREAS,
the Company and the Executive wish to amend the Employment Agreement in accordance with Section 13(c) thereof.

 NOW,
THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the
parties agree as follows:

 1. Section 3(a) is hereby amended by replacing “$625,000” with “$675,000”.

 2. Except as provided herein, the terms and conditions of the Employment Agreement shall remain in full force and effect and shall be
binding on the Company.

 3. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but
all of which shall constitute one and the same instrument.

 [ Signature Page Follows ]

 IN WITNESS WHEREOF, the parties
have executed this Amendment to the Employment Agreement as of the date first written above.

 Jeffrey D. Pribor

 International Seaways, Inc.

 Name:

 Title:

EX-10.3 · tm2617854d1_ex10-3.htm

EX-10.3
 4
 tm2617854d1_ex10-3.htm
 EXHIBIT 10.3

 Exhibit 10.3

 FORM OF Amendment No. 9 to James D. Small’s
Employment Agreement

 This Amendment No. 9 (the “ Amendment ”),
dated as of June 8, 2026 (the “ Effective Date ”), is between International Seaways, Inc. (the “ Company ”)
and James D. Small (the “ Executive ”).

 WHEREAS, Overseas Shipholding
Group, Inc. (“ OSG ”) and the Executive previously entered into an employment agreement, dated February 13, 2015, and
as amended as of March 30, 2016; August 3, 2016; November 7, 2016; April 2, 2020; April 7, 2022; March 8, 2023; March 14, 2024; and March
12, 2025 which was assumed by the Company (the “ Employment Agreement ”).

 WHEREAS, the Employment
Agreement was assigned to the Company on November 30, 2016 in connection with the spin-off of the Company from OSG (the “ Assignment ”).

 WHEREAS, pursuant to
Section 13(g) of the Employment Agreement, following the Assignment, references to “the Company” in the Employment Agreement
constitute a reference to the Company (rather than to OSG).

 WHEREAS, the Company
and the Executive wish to amend the Employment Agreement in accordance with Section 13(c) thereof.

 NOW, THEREFORE, in consideration
of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows:

 1. Section 3(a) is hereby amended by replacing “$565,000” with “$600,000”.

 2. Except as provided herein, the terms and conditions of the Employment Agreement shall remain in full force and effect and shall be
binding on the Company in the same manner and to the same extent as on OSG if no assignment to the Company had taken place.

 3. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but
all of which shall constitute one and the same instrument.

 [ Signature Page Follows ]

 IN WITNESS WHEREOF, the parties
have executed this Amendment to the Employment Agreement as of the date first written above.

 James D. Small III

 International Seaways, Inc.

 Name:

 Title:

EX-10.4 · tm2617854d1_ex10-4.htm

EX-10.4
 5
 tm2617854d1_ex10-4.htm
 EXHIBIT 10.4

 Exhibit 10.4

 FORM OF Amendment No. 10 to Wale Oshodi’s
Employment Agreement

 This Amendment No. 10 (the “ Amendment ”),
dated as of June 8, 2026 (the “ Effective Date ”), is between International Seaways, Inc. (the “ Company ”)
and Adewale O. Oshodi (the “ Executive ”).

 WHEREAS, Overseas Shipholding
Group, Inc. (“ OSG ”) and the Executive previously entered into an employment agreement, dated September 29, 2014 and
as amended as of March 2, 2015, which was assumed by the Company and subsequently further amended as of November 7, 2017; April 5, 2019;
April 2, 2020; March 16, 2021; April 7, 2022; March 8, 2023; March 14, 2024; and March 12, 2025 (the “ Employment Agreement ”).

 WHEREAS, the Employment
Agreement was assigned to the Company on November 30, 2016 in connection with the spin-off of the Company from OSG (the “ Assignment ”).

 WHEREAS, pursuant to
Section 13(g) of the Employment Agreement, following the Assignment, references to “the Company” in the Employment Agreement
constitute a reference to the Company (rather than to OSG).

 WHEREAS, the Company
and the Executive wish to amend the Employment Agreement in accordance with Section 13(c) thereof.

 NOW, THEREFORE, in consideration
of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows:

 1. Section 3(a) is hereby amended by replacing “$321,740” with “$333,000”.

 2. Except as provided herein, the terms and conditions of the Employment Agreement shall remain in full force and effect and shall be
binding on the Company in the same manner and to the same extent as on OSG if no assignment to the Company had taken place.

 3. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but
all of which shall constitute one and the same instrument.

 [Signature Page Follows]

 IN WITNESS WHEREOF, the parties
have executed this Amendment to the Employment Agreement as of the date first written above.

 Adewale O. Oshodi

 International Seaways, Inc.

 Name:

 Title: