0001144204-06-048659 Sample Contracts

MASTER MANAGEMENT AGREEMENT
Master Management Agreement • November 17th, 2006 • Euroseas Ltd. • Deep sea foreign transportation of freight

This Master Management Agreement (the “Agreement”) is made as of September 29th 2006 between Euroseas Ltd. (the “Company”), in its own capacity and as agent for each of its vessel owning subsidiaries identified in Schedule A hereto together with any additional subsidiaries that may acquire vessels in the future (the “Subsidiaries”) and Eurobulk Ltd. (the “Manager”).

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LOAN AGREEMENT Dated November 14, 2006 BETWEEN
Loan Agreement • November 17th, 2006 • Euroseas Ltd. • Deep sea foreign transportation of freight • England

both companies incorporated under the laws of the Republic of the Marshall Islands, whose registered offices are at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (together called "the Corporate Guarantors" and independently "the Corporate Guarantor")

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