0000835540-10-000003 Sample Contracts

Loan Agreement relating to a US$3,975,230 loan facility Dated February 2010
Loan Agreement • February 23rd, 2010 • B Plus H Ocean Carriers LTD • Water transportation

BHOBO One Ltd. BHOBO Two Ltd. BHOBO Three Ltd. RMJ OBO Shipping Ltd. Sagamore Shipping Ltd. OBO Holdings Ltd. Boss Tankers Ltd. Agawam Shipping Corp. Aquidneck Shipping Corp. Anawan Shipping Corp. Isabelle Shipholdings Corp. (as joint and several Borrowers) B+H Ocean Carriers Ltd (as Guarantor) Bank of Scotland plc (as Lender)

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USD 8,000,000 TERM LOAN FACILITY AGREEMENT for Seapowet Trading Ltd. as Borrower and Nordea Bank Norge ASA as Lender
B Plus H Ocean Carriers LTD • February 23rd, 2010 • Water transportation
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