X0306 4 2020-06-26 0 0001679049 International Seaways, Inc. INSW 0001166564 CYRUS CAPITAL PARTNERS, L.P. 65 EAST 55 STREET 35TH FLOOR NEW YORK NY 10022 1 0 1 1 See Remarks 0001251783 FREIDHEIM STEPHEN C C/O CYRUS CAPITAL PARTNERS, L.P. 65 EAST 55TH STREET, 35TH FLOOR NEW YORK NY 10022 0 0 1 0 0001166774 CYRUS CAPITAL PARTNERS GP, LLC 65 EAST 55TH STREET, 35TH FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock, no par value ("Common Stock") 2020-06-26 4 A 0 6230 0 A 25791 D Common Stock 4003576 I See footnote These 6,230 shares of restricted Common Stock were granted to Cyrus Capital Partners LP ("CCP") by the Issuer on June 26, 2020 pursuant to the Issuer's Non-Employee Director Incentive Compensation Plan and vest on the earlier of (i) June 22, 2021 and (ii) the date of the annual meeting of stockholders in 2021. Mr. Joseph Kronsberg is an employee of CCP and sits on the board of directors of the Issuer as a representative of CCP. The grant was made directly to CCP because pursuant to agreements between CCP and Mr. Kronsberg, CCP is required to receive all compensation in connection with Mr. Kronsberg's directorship. The securities reported herein are held directly by: (i) Cyrus Opportunities Master Fund II, Ltd., (ii) CRS Master Fund, L.P., (iii) Crescent 1, L.P., (iv) Cyrus Select Opportunities Master Fund, Ltd., (v) Canary SC Master Fund, L.P. (collectively, the "Cyrus Funds"). CCP serves as the investment manager to the Cyrus Funds. Cyrus Capital Partners GP, L.L.C. ("CCPGP") serves as the general partner of CCP. Stephen C. Freidheim serves as the principal of both CCP and CCPGP. All discretion over the investment activities of the Cyrus Funds has been delegated to CCP. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, if any. Mr. Kronsberg serves on the Board of Directors of the Issuer as a representative of CCP. Accordingly, CCP, CCPGP and Mr. Freidheim may be deemed directors by deputization. /s/ Cyrus Capital Partners, L.P., By: /s/ Jennifer M. Pulick, Name:Jennifer M. Pulick, Title: Authorized Signatory 2020-06-30 /s/ Cyrus Capital Partners GP, L.L.C., By: /s/ Stephen C. Freidheim, Name: Stephen C. Freidheim, Title: Manager 2020-06-30 /s/ Stephen C. Freidheim 2020-06-30