PROFIT UNIT GRANT AGREEMENTProfit Unit Grant Agreement • March 30th, 2011 • United Maritime Group, LLC • Water transportation • New York
GS Maritime Holding LLC (the “Company”) hereby grants to Holder the number of Profit Units, which shall be either Time-Vested Profit Units or Performance-Vested Profit Units, as set forth below. The Profit Units are subject to all of the terms and conditions as set forth in this grant agreement (the “Grant Agreement”) as well as the terms and conditions of the Company’s Limited Liability Company Agreement, dated as of December 4, 2007, as amended, amended and restated, modified or supplemented from time to time (the “LLC Agreement”), which is incorporated herein in its entirety.
