0001065648-07-000066 Sample Contracts

TBS INTERNATIONAL LIMITED FORM OF SHARE UNIT AWARD AGREEMENT

Form of Share Unit Award Agreement • November 9th, 2007 • TBS International LTD • Deep sea foreign transportation of freight • Delaware

• Contract Type
  Form of Share Unit Award Agreement
• Filed
  November 9th, 2007
• Company
  TBS International LTD
• Industry
  Deep sea foreign transportation of freight
• Jurisdiction
  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).