0001047469-05-023181 Sample Contracts

REGISTRATION RIGHTS AGREEMENT by and between DOUBLE HULL TANKERS, INC. AND OSG INTERNATIONAL, INC.
Registration Rights Agreement • September 21st, 2005 • Double Hull Tankers, Inc. • New York

REGISTRATION RIGHTS AGREEMENT, dated as of [•], 2005, by and between Double Hull Tankers, Inc., a Marshall Islands company (the “Company”) and OSG International, Inc. a Marshall Islands company (the “Shareholder”).

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MEMORANDUM OF AGREEMENT
Memorandum of Agreement • September 21st, 2005 • Double Hull Tankers, Inc. • New York

REGENCY TANKERS CORPORATION, MAJURO, MARSHALL ISLANDS, hereinafter called the Seller, have agreed to sell and REGAL UNITY TANKER CORPORATION, MAJURO, MARSHALL ISLANDS, hereinafter called the Buyer, have agreed to purchase M/T REGAL UNITY (the “Vessel”)

Code word for this Charter Party Issued December 1984 amended December 2003
Time Charter Party • September 21st, 2005 • Double Hull Tankers, Inc.

IT IS THIS DAY AGREED between of (hereinafter referred to as “Owners”), being owners of the good motor vessel called [“OVERSEAS ANN”] (hereinafter referred to as “the vessel”) described as per Clause 1 hereof and of (hereinafter referred to as “Charterers”):

Contract
Indemnification Agreement • September 21st, 2005 • Double Hull Tankers, Inc. • Marshall Islands

INDEMNIFICATION AGREEMENT (the “Agreement”) effective from April 15, 2005, between Double Hull Tankers, Inc., a corporation incorporated under the laws of the Republic of the Marshall Islands (the “Corporation”), and Ole Jacob Diesen, an individual (the “Covered Person”).

Contract
Employment Agreement • September 21st, 2005 • Double Hull Tankers, Inc. • Jersey

EMPLOYMENT AGREEMENT (this “Agreement”) dated as of July 26, 2005, between DOUBLE HULL TANKERS, INC., a corporation incorporated under the laws of the Republic of the Marshall Islands (“Employer”), and EIRIK UBØE, an individual (“Executive”).

CREDIT AGREEMENT
Credit Agreement • September 21st, 2005 • Double Hull Tankers, Inc. • New York

CREDIT AGREEMENT dated as of October [•], 2005 (as such may be amended, supplemented (including, without limitation, by way of each Credit Agreement Supplement executed and delivered from time to time, or otherwise modified, this “Agreement”) among (i) DOUBLE HULL TANKERS, INC., a Marshall Islands corporation (the “Borrower”), (ii) ANIA AFRAMAX CORPORATION, ANN TANKER CORPORATION, CATHY TANKER CORPORATION, CHRIS TANKER CORPORATION, REBECCA TANKER CORPORATION, REGAL UNITY TANKER CORPORATION and SOPHIE TANKER CORPORATION, each a Marshall Islands corporation (collectively, the “Initial Guarantors”), and the Additional Guarantors party hereto from time to time, and (iii) THE ROYAL BANK OF SCOTLAND PLC, as Lender (the “Lender”).

GUARANTY
Guaranty • September 21st, 2005 • Double Hull Tankers, Inc.

GUARANTY, dated as of [•], 2005 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Double Hull Tankers, Inc., a company incorporated in the Marshall Islands (the “Guarantor”), in favor of Tanker Management Ltd, a company formed in England (the “Manager”).

GUARANTY
Guaranty • September 21st, 2005 • Double Hull Tankers, Inc.

GUARANTY, dated as of [•], 2005 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Overseas Shipholding Group, Inc., a Delaware corporation (the “Guarantor”), in favor of Double Hull Tankers, Inc. (“DHT”) and its vessel owning subsidiaries listed on Schedule I hereto (each, an “Owner”).

GUARANTY
Guaranty • September 21st, 2005 • Double Hull Tankers, Inc.

GUARANTY, dated as of [•], 2005 (as amended, modified or supplemented from time to time, this “Guaranty”), made by Double Hull Tankers, Inc., a company incorporated in the Marshall Islands (the “Guarantor”), in favor of the charterers listed on Schedule I hereto (each, a “Charterer”).

Lock-Up Agreement
Lock-Up Agreement • September 21st, 2005 • Double Hull Tankers, Inc.
Contract
Ship Management Agreement • September 21st, 2005 • Double Hull Tankers, Inc. • New York
INDEMNITY AGREEMENT
Indemnification Agreement • September 21st, 2005 • Double Hull Tankers, Inc.

INDEMNITY AGREEMENT, dated as of [•], 2005 (as amended, modified or supplemented from time to time, this “Agreement”), made among OSG International, Inc., a company incorporated in the Marshall Islands (“OIN”), Overseas Shipholding Group, Inc. a Delaware corporation (“OSG”), Regal Unity Tanker Corporation, a company incorporated in the Marshall Islands (“RUT Corp”) and Rebecca Tanker Corporation, a company incorporated in the Marshall Islands (“RT Corp”).

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