0000950144-05-008480 Sample Contracts

Amendment No. 2 to the Severance Agreement between Seabulk International, Inc. and [__________________] Dated as of April 18, 2005
Severance Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight

This Amendment to the Severance Agreement by and between Seabulk International, Inc., a Delaware corporation (the “Company”), and [___] (“Executive”), dated as of [___] (the “Agreement”), is entered into as of the 18th day of April, 2005.

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Fourth Supplemental Subsidiary Guarantee Agreement
Subsidiary Guarantee Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight • New York

This Fourth Supplemental Subsidiary Guarantee Agreement (this “Supplemental Subsidiary Guarantee Agreement”) dated June 10, 2005, among Seabulk International, Inc., a Delaware corporation (the “Borrower”) and Fortis Capital Corp. (the “Agent”).

Amendment No. 2 to Non-Qualified Stock Option Agreements
Non-Qualified Stock Option Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight

This Amendment No. 2 to each of the Non-Qualified Stock Option Agreements (the “Agreements”) by and between Seabulk International, Inc., a Delaware corporation (the “Company”), and ___(“Employee”), with grant dates of ___and ___, is entered into as of the 18th day of April, 2005.

AMENDMENT NO. 4 TO EXECUTIVE EMPLOYMENT AGREEMENT BY AND BETWEEN SEABULK INTERNATIONAL, INC. AND GERHARD E. KURZ
Executive Employment Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight

This Amendment No. 4 to the Executive Employment Agreement by and between Seabulk International, Inc., a Delaware corporation formerly known as Hvide Marine Incorporated (the “Company”), and Gerhard E. Kurz (“Executive”), dated as of April 18, 2000 (the “Agreement”), is entered into as of the 18th day of April, 2005.

Fifth Supplemental Subsidiary Guarantee Agreement
Subsidiary Guarantee Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight • New York

Fifth Supplemental Subsidiary Guarantee Agreement (the “Fifth Supplemental Subsidiary Guarantee Agreement”) dated June 23, 2005, among Seabulk International, Inc., a Delaware corporation (the “Borrower”); Seabulk Towing, Inc., a Delaware corporation; each of the four Additional Subsidiary Guarantors hereinbelow specified; and Fortis Capital Corp. (the “Agent”).

Fourth Supplemental Credit Agreement
Fourth Supplemental Credit Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight • New York

This Fourth Supplemental Credit Agreement (this “Supplemental Credit Agreement”) dated June 10, 2005, among Seabulk International, Inc., a Delaware corporation (the “Borrower”) and Fortis Capital Corp. (the “Agent”).

Fifth Supplemental Credit Agreement
Fifth Supplemental Credit Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight • New York

Pursuant to the Amended and Restated Credit Agreement, dated as of August 5, 2003, as amended by Amendment No. 1 thereto dated March 26, 2004; a Supplemental Credit Agreement dated as of June 17, 2004; a Second Supplemental Credit Agreement dated August 6, 2004; a Third Supplemental Credit Agreement dated December 10, 2004; and a Fourth Supplemental Credit Agreement dated June 10, 2005, (as so amended, the “Credit Agreement”), among Seabulk International, Inc., (the “Borrower”), the Subsidiary Guarantors named therein, the Released Subsidiary Guarantors named therein, Fortis, NIB Capital Bank N.V. (“NIB”), The Governor & Company of The Bank of Scotland and each other financial institution which may hereafter execute and deliver an Assignment and Acceptance with respect to the Credit Agreement pursuant to Section 10.11 thereof (any one individually, a “Lender”, and collectively, the “Lenders”), Fortis, as administrative agent on behalf of the Lenders (when acting in its capacity as admi

AMENDMENT NO. 5 TO EXECUTIVE EMPLOYMENT AGREEMENT BY AND BETWEEN SEABULK INTERNATIONAL, INC. AND GERHARD E. KURZ
Executive Employment Agreement • August 9th, 2005 • Seabulk International Inc • Deep sea foreign transportation of freight

This Amendment to Executive Employment Agreement by and between Seabulk International, Inc., a Delaware corporation formerly known as Hvide Marine Incorporated (the “Company”), and Gerhard E. Kurz (“Executive”), dated as of April 18, 2000, as amended (the “Agreement”), is entered into as of the 28th day of June, 2005.

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