Common use of Hourly Rate of Pay Clause in Contracts

Hourly Rate of Pay. January 1, 2010 - $17.39 ------- May 1, 2010 - $17.65 ------- January 1, 2011 - $18.00 ------- January 1, 2012 - $18.45 SCHEDULE A ONE DAY CHARTERS One-Day Charter Rate of Pay: ------ January 1, 2010 - $169.74 ------ May 1, 2010 - $172.29 ------ January 1, 2011 - $175.74 ------ January 1, 2012 - $180.13

Hourly Rate of Pay. January 1, 2010 2013 - $17.39 ------- May 1, 2010 - $17.65 18.96 ------- January 1, 2011 2014 - $18.00 19.48 ------- January 1, 2012 2015 - $18.45 20.01 ------- January 1, 2016 - $20.59 SCHEDULE A ONE DAY CHARTERS One-Day Charter Rate of Pay: ------ January 1, 2010 2013 - $169.74 ------ May 1, 2010 - $172.29 185.08 ------ January 1, 2011 2014 - $175.74 190.17 ------ January 1, 2012 2015 - $180.13195.40 ------ January 1, 2016 - $201.07

Hourly Rate of Pay. January 1, 2010 2020 - $17.39 ------- May 1, 2010 - $17.65 22.50 ------- January 1, 2011 2021 - $18.00 22.50 ------- January 1, 2012 2022 - $18.45 23.00 SCHEDULE A ONE DAY CHARTERS One-Day Charter Rate of Pay: Pay:------ January 1, 2020 - $219.72 ------ January 1, 2010 2021 - $169.74 ------ May 1, 2010 - $172.29 ------ January 1, 2011 - $175.74 ------ January 1, 2012 - $180.13219.72