0001104659-06-013267 Sample Contracts

SERVICE AGREEMENT
Service Agreement • March 1st, 2006 • Overseas Shipholding Group Inc • Deep sea foreign transportation of freight
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CODIFICATION OF CONTRACT OF EMPLOYMENT
Overseas Shipholding Group Inc • March 1st, 2006 • Deep sea foreign transportation of freight

The corporation styled “OSG SHIP MANAGEMENT (GR) LTD” of Ajeltake Island, Majuro, Marshall Islands having offices, at 2A, Areos Street, 166 71 Vouliagmeni, Athens, Greece, hereinafter called “the Employer” or “the Company” formerly named “STELMAR TANKERS (MANAGEMENT) LTD (“Stelmar”), lawfully represented by Olga Lambrianidou

CREDIT AGREEMENT among OVERSEAS SHIPHOLDING GROUP, INC., OSG BULK SHIPS, INC., OSG INTERNATIONAL, INC., VARIOUS LENDERS and DnB NOR BANK ASA, NEW YORK BRANCH, as Administrative Agent
Credit Agreement • March 1st, 2006 • Overseas Shipholding Group Inc • Deep sea foreign transportation of freight • New York

CREDIT AGREEMENT, dated as of February 9, 2006, among OVERSEAS SHIPHOLDING GROUP, INC., a Delaware corporation (“OSG” or the “Parent”), OSG BULK SHIPS, INC., a New York corporation (“OSG Bulk”) and OSG INTERNATIONAL, INC., a Marshall Islands corporation (“OSG International” and together with OSG and OSG Bulk, collectively, the “Borrowers” and each a “Borrower”), the Lenders party hereto from time to time, and DnB NOR BANK ASA, New York Branch, as Administrative Agent (in such capacity, the “Administrative Agent”). All capitalized terms used herein and defined in Section 11 are used herein as therein defined.

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