Date: as of January 28, 2015 BULK NORDIC ODIN LTD. and BULK NORDIC OLYMPIC LTD. as Joint and Several Borrowers THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1 as Lenders – and – DVB BANK SE as Agent and as Security Trustee LOAN AGREEMENT...Loan Agreement • May 15th, 2015 • Pangaea Logistics Solutions Ltd. • Deep sea foreign transportation of freight • New York
RESTRICTED SHARE GRANT NOTICE AND AGREEMENTRestricted Share Grant Agreement • May 15th, 2015 • Pangaea Logistics Solutions Ltd. • Deep sea foreign transportation of freight
Pangaea Logistics Solutions Ltd. (the “Company”), pursuant to its 2014 Share Incentive Plan, as amended from time to time (the “Plan”), hereby grants to Holder the number of Restricted Shares set forth below. The Restricted Shares are subject to all of the terms and conditions as set forth herein, as well as the terms and conditions of the Plan, all of which are incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan. In the event of a conflict or inconsistency between the terms and provisions of the Plan and the provisions of this Restricted Share Grant Notice and Agreement (this “Grant Notice”), the Plan shall govern and control.
