AMENDMENT NO. 1 TO INVESTMENT AGREEMENTInvestment Agreement • May 10th, 2011 • TBS International PLC • Deep sea foreign transportation of freight • New York
TBS International plc (the “Company”), an Irish public limited company, does hereby determine and certify that, pursuant to authority conferred upon the Board of Directors of the Company (the “Board of Directors”) by its Amended and Restated Memorandum and Articles of Association (as amended, the “Amended and Restated Memorandum and Articles of Association”), and pursuant to the provisions of the Companies Acts, the Board, at a meeting duly convened and held on May 6, 2011, duly approved and adopted the following resolution:
