0000950129-05-010489 Sample Contracts

PHANTOM STOCK AGREEMENT

Phantom Stock Agreement • November 3rd, 2005 • Quintana Maritime LTD • Deep sea foreign transportation of freight • Marshall Islands

• Contract Type
  Phantom Stock Agreement
• Filed
  November 3rd, 2005
• Company
  Quintana Maritime LTD
• Industry
  Deep sea foreign transportation of freight
• Jurisdiction
  Marshall Islands

THIS PHANTOM STOCK AGREEMENT (this “Agreement”) is made as of August 24, 2005 (“Grant Date”), between QUINTANA MARITIME LIMITED, a Marshall Islands company (the “Company”), and (“Employee”). The parties agree as follows:

RESTRICTED STOCK AGREEMENT

Restricted Stock Agreement • November 3rd, 2005 • Quintana Maritime LTD • Deep sea foreign transportation of freight • Marshall Islands

• Contract Type
  Restricted Stock Agreement
• Filed
  November 3rd, 2005
• Company
  Quintana Maritime LTD
• Industry
  Deep sea foreign transportation of freight
• Jurisdiction
  Marshall Islands

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of , 200___, between QUINTANA MARITIME LIMITED, a Marshall Islands company (the “Company”), and (the “Employee”). The parties agree as follows:

SERVICES AGREEMENT

Services Agreement • November 3rd, 2005 • Quintana Maritime LTD • Deep sea foreign transportation of freight • Texas

• Contract Type
  Services Agreement
• Filed
  November 3rd, 2005
• Company
  Quintana Maritime LTD
• Industry
  Deep sea foreign transportation of freight
• Jurisdiction
  Texas

This Services Agreement (this “Agreement”) is dated as of October 31, 2005 (the “Effective Date”), between Quintana Maritime Limited, a Marshall Islands Corporation (“Maritime”) and Quintana Minerals Corporation, a Texas corporation (“Minerals” and, together with Maritime, the “Parties” and each, a “Party”).