RAND LOGISTICS, INC. RESTRICTED SHARE AWARD AGREEMENT Participant: Laurence Levy Grant Date: January 17, 2007 Number of Restricted Shares granted: 130,000 THIS AWARD AGREEMENT (this "Agreement"), dated as of the Grant Date specified above, is entered...Restricted Share Award Agreement • January 18th, 2007 • Rand Logistics, Inc. • Water transportation • New York
