0000919574-12-002928 Sample Contracts

FIRST AMENDMENT TO AGREEMENT REGARDING VESSEL OPPORTUNITIES
Agreement Regarding Vessel Opportunities • April 27th, 2012 • Euroseas Ltd. • Deep sea foreign transportation of freight • New York

FIRST AMENDMENT TO AGREEMENT REGARDING VESSEL OPPORTUNITIES, dated as of April 26, 2012 (this "Amendment") to the Agreement Regarding Vessel Opportunities, dated as of March 25, 2010 (the "Agreement"), among Euroseas Ltd., a Marshall Islands corporation ("Euroseas"), Eurobulk Ltd., a Liberian company ("Eurobulk"), Eurochart S.A., a Liberian corporation ("Eurochart"), Aristides Pittas, an individual residing in Greece ("Pittas", and together with Euroseas, Eurobulk and Eurochart, the "Grantors"), and Euromar LLC, a Marshall Islands company (the "Company"). Terms used herein but not defined shall have the meaning assigned to them in the Agreement.

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FIRST AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT
Limited Liability Company Agreement • April 27th, 2012 • Euroseas Ltd. • Deep sea foreign transportation of freight • New York

FIRST AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT, dated as of April 26, 2012 (this "Amendment") to the Limited Liability Company Agreement of Euromar LLC, a Marshall Islands limited liability company (the "Company"), dated as of March 25, 2010 (the "LLC Agreement"), among Euroseas Ltd., a Marshall Islands corporation ("Euroseas"), Paros Ltd., a Cayman Islands exempted company ("Paros"), All Seas Investors I Ltd., a Cayman Islands limited company ("All Seas I"), All Seas Investors II Ltd., a Cayman Islands limited company ("All Seas II") and All Seas Investors III LP, a Cayman Islands exempted limited partnership ("All Seas III", and collectively with All Seas I and All Seas II, "All Seas" and, individually, an "All Seas Member"). Terms used herein but not defined shall have the meaning assigned to them in the LLC Agreement.

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