0001065648-07-000066 Sample Contracts

TBS INTERNATIONAL LIMITED FORM OF SHARE UNIT AWARD AGREEMENT
Share Unit Award Agreement • November 9th, 2007 • TBS International LTD • Deep sea foreign transportation of freight • Delaware

SHARE UNIT AWARD AGREEMENT (this “Agreement”) dated as of ___________, _______ (the “Grant Date”) between TBS INTERNATIONAL LIMITED (the “Company”), and [PARTICIPANT] (the “Participant”). Except as otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Plan (as defined below).

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