Common use of Hourly Rate of Pay Clause in Contracts

Hourly Rate of Pay. January 1, 2013 - $18.96 ------- January 1, 2014 - $19.48 ------- January 1, 2015 - $20.01 ------- January 1, 2016 - $20.59 SCHEDULE A ONE DAY CHARTERS One-Day Charter Rate of Pay: ------ January 1, 2013 - $185.08 ------ January 1, 2014 - $190.17 ------ January 1, 2015 - $195.40 ------ January 1, 2016 - $201.07

Hourly Rate of Pay. January 1, 2013 2010 - $18.96 17.39 ------- May 1, 2010 - $17.65 ------- January 1, 2014 2011 - $19.48 18.00 ------- January 1, 2015 2012 - $20.01 ------- January 1, 2016 - $20.59 18.45 SCHEDULE A ONE DAY CHARTERS One-Day Charter Rate of Pay: ------ January 1, 2013 2010 - $185.08 169.74 ------ May 1, 2010 - $172.29 ------ January 1, 2014 2011 - $190.17 175.74 ------ January 1, 2015 2012 - $195.40 ------ January 1, 2016 - $201.07180.13

Hourly Rate of Pay. January 1, 2013 2020 - $18.96 22.50 ------- January 1, 2014 2021 - $19.48 22.50 ------- January 1, 2015 2022 - $20.01 ------- January 1, 2016 - $20.59 23.00 SCHEDULE A ONE DAY CHARTERS One-Day Charter Rate of Pay: Pay:------ January 1, 2020 - $219.72 ------ January 1, 2013 2021 - $185.08 ------ January 1, 2014 - $190.17 ------ January 1, 2015 - $195.40 ------ January 1, 2016 - $201.07219.72