0000919574-18-002828 Sample Contracts

Name Name TMS BULKERS LTD. Place of registered office Place of registered office Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 Law of Registry Law of Registry Republic of Marshall Islands
Ship Management Agreement • April 4th, 2018 • DryShips Inc. • Deep sea foreign transportation of freight • London

It is mutually agreed between the party slated in Box 2 and the party slated in Box 3 that this Agreement consisting of PART I and PART II as well as Annexes "A" (Details of Vessel), "B" (Details of Crew) and "C" (Budget) and "D" (Associated vessels) attached hereto, shall be performed subject to the conditions contained herein. In the event of a conflict of conditions, the provisions of PART I and Annexes "A", "B", "C" and "D" shall prevail over those of PART II to the extent of such conflict but no further.

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Contract
Ship Management Agreement • April 4th, 2018 • DryShips Inc. • Deep sea foreign transportation of freight • London
SHARE PURCHASE AGREEMENT
Share Purchase Agreement • April 4th, 2018 • DryShips Inc. • Deep sea foreign transportation of freight • London

This Share Purchase Agreement ("Agreement"), dated as of 3rd day of April 2017, is made by and between LPG INVESTMENTS INC. of Marshall Islands (the "Buyer"), whose performance is hereby guaranteed by Dryships Inc. and VLGC Delta Shareholding Ltd, a corporation organized under the laws of the Republic of the Marshall Islands (the "Seller") whose performance is hereby guaranteed by TMS Cardiff Gas Ltd.

SHARE PURCHASE AGREEMENT
Share Purchase Agreement • April 4th, 2018 • DryShips Inc. • Deep sea foreign transportation of freight • London

This Share Purchase Agreement ("Agreement"), dated as of 3rd day of April 2017, is made by and between LPG INVESTMENTS INC. of Marshall Islands (the "Buyer"), whose performance is hereby guaranteed by Dryships Inc. ("Dryships") and Entrepreneurial Spirit Holding Inc. a corporation organized under the laws of the Republic of Liberia (the "Seller") whose performance is hereby guaranteed by TMS Cardiff Gas Ltd.

SHARE PURCHASE AGREEMENT
Share Purchase Agreement • April 4th, 2018 • DryShips Inc. • Deep sea foreign transportation of freight • London

This Share Purchase Agreement ("Agreement"), dated as of 3rd day of April 2017, is made by and between LPG INVESTMENTS INC. of Marshall Islands (the "Buyer"), whose performance is hereby guaranteed by Dryships Inc. and VLGC Gamma Shareholding Ltd, a corporation organized under the laws of the Republic of the Marshall Islands (the "Seller") whose performance is hereby guaranteed by TMS Cardiff Gas Ltd.

Contract
Share Purchase Agreement • April 4th, 2018 • DryShips Inc. • Deep sea foreign transportation of freight • London
Date: 3 May 2017 AMATHUS OWNING COMPANY LIMITED as Remaining Borrower
Deed of Release of Security • April 4th, 2018 • DryShips Inc. • Deep sea foreign transportation of freight
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