0001047469-08-010417 Sample Contracts

Execution Copy
Agreement • September 29th, 2008 • Conbulk Corp • New York

AGREEMENT made this 19th day of September, 2008 by and between Conbulk Corporation, a Marshall Islands corporation (the “Company”), and Raven International Corp., a Marshall Islands corporation (the “Consultant”).

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Execution Copy
Employment Agreement • September 29th, 2008 • Conbulk Corp

EMPLOYMENT AGREEMENT dated this 19th day of September, 2008 by and between Conbulk Corporation, a Marshall Islands corporation (the “Company”), and , a natural person and a citizen of Greece (the “Executive”), whereby the following are agreed:

Lock-Up Agreement
Conbulk Corp • September 29th, 2008 • New York
MANAGEMENT AGREEMENT
Management Agreement • September 29th, 2008 • Conbulk Corp • New York

The Company wishes to appoint the Manager to manage the business of the Company and its various ship-owning subsidiaries (the Subsidiaries) from time to time and their respective operations and external affairs and the Manager wishes to accept this appointment on the terms of this Agreement.

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • September 29th, 2008 • Conbulk Corp • New York

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is dated as of this day of , 200 , by and between Conbulk Corporation, a corporation organized under the laws of the Republic of the Marshall Islands (the “Company”), and the stockholders of Palmosa Shipping Corporation, a corporation organized under the laws of the Republic of the Marshall Islands (“Palmosa”), named on Schedule A hereto (the “Stockholders”).

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