0001193125-12-475884 Sample Contracts

JOINT FILING AGREEMENT
Joint Filing Agreement • November 19th, 2012 • Inversiones Los Avellanos • Deep sea foreign transportation of freight

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees that only one statement containing the information required by Schedule 13D need be filed with respect to the ownership by each of the undersigned of Common Stock of Ultrapetrol (Bahamas) Limited.

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SHAREHOLDERS’ AGREEMENT DATED AS OF NOVEMBER 13, 2012 AMONG SPARROW CAPITAL INVESTMENTS LTD. INVERSIONES LOS AVELLANOS S.A. AND HAZELS (BAHAMAS) INVESTMENTS INC.
Shareholders’ Agreement • November 19th, 2012 • Inversiones Los Avellanos • Deep sea foreign transportation of freight • New York

This SHAREHOLDERS’ AGREEMENT dated as of November 13, 2012 (this “Agreement”) among (i) Sparrow Capital Investments Ltd., a company organized under the laws of the Bahamas (“NewCo”), (ii) Inversiones Los Avellanos S.A., a company organized under the laws of Chile (“Avellanos”) and (iii) Hazels (Bahamas) Investments Inc., a company organized under the laws of the Bahamas (“Hazels”).

SHAREHOLDERS’ AGREEMENT DATED AS OF NOVEMBER 13, 2012 AMONG SPARROW CI SUB LTD. SPARROW CAPITAL INVESTMENTS LTD. TRITON SHIPPING LTD. QUATTRO SHIPPING HOLDINGS LTD. INVERSIONES LOS AVELLANOS S.A. AND HAZELS (BAHAMAS) INVESTMENTS INC.
Shareholders’ Agreement • November 19th, 2012 • Inversiones Los Avellanos • Deep sea foreign transportation of freight • New York

This SHAREHOLDERS’ AGREEMENT dated as of November 13, 2012 (this “Agreement”) among (i) Sparrow CI Sub Ltd., a company organized under the laws of the Bahamas (the “Company”), (ii) Sparrow Capital Investments Ltd., a company organized under the laws of the Bahamas (the “Parent”) (iii) Inversiones Los Avellanos S.A., a company organized under the laws of Chile (“Avellanos”), (iv) Hazels (Bahamas) Investments Inc., a company organized under the laws of the Bahamas (“Hazels”), (v) Triton Shipping Ltd., a company organized under the laws of the Bahamas (“Triton”) and (vi) Quattro Shipping Holdings Ltd. a company organized under the laws of the Bahamas (“Quattro”).

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