0001193125-13-459399 Sample Contracts

SHIPBUILDING CONTRACT FOR CONSTRUCTION OF ONE 63,500 DWT BULK CARRIER (HULL NO. ) BETWEEN [SUBSIDIARY] as BUYER and CHINA SHIPBUILDING TRADING COMPANY LIMITED and CHENGXI SHIPYARD CO., LTD Collectively as SELLER
Shipbuilding Contract • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight

This CONTRACT, entered into this by and between corporation organized and existing under the Republic of the Marshall Islands, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960 Marshall Islands (hereinafter called the “BUYER”) on one part; and CHINA SHIPBUILDING TRADING COMPANY LIMITED, a corporation organized and existing under the Laws of the People’s Republic of China, having its registered office at Fangyuan Mansion, 56(Yi) ZhongguancunNandajie, Beijing 100044, the People’s Republic of China (hereinafter called “CSTC”), and CHENGXI SHIPYARD CO., LTD., a corporation organized and existing under the Laws of the People’s Republic of China, having its registered office at 1 Hengshan Road, Jiangyin, Jiang Su Province, the People’s Republic of China (hereinafter called the “BUILDER”) on the other part. CSTC and the BUILDER are hereinafter collectively called the “SELLER”.

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SHIPBUILDING CONTRACT
Shipbuilding Contract • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight • England

however, in the event that we have been notified of an arbitration between you and Builder as set out above before the expiry date, then the validity of this Letter of Guarantee shall be automatically further extended until payment is made either by the Builder or us under this Letter of Guarantee in accordance with the published final and non-appealable arbitration award, which orders the Builder to make a payment. Should the published final and non-appealable arbitration award state that no payment whatsoever is due to the Buyer then this Letter of Guarantee shall expire within thirtieth (30th) calendar day after the publication of the award. Upon expiry date, this Letter of Guarantee shall become null and void whether it will actually be returned to our counter or not.

SHIPBUILDING CONTRACT
Shipbuilding • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight

Jiangsu Tianyuan Marine Import & Export Co., Ltd., a company organized and existing under the Laws of P.R.China, having its registered office at Room 1309, No. 217, North Zhongshan Road, Nanjing City, Jiangsu Province, P. R. China (hereinafter called the “TRADING HOUSE”), and Jiangsu New Yangzi Shipbuilding Co., Ltd. (hereinafter called “JNYS” ), a company organized and existing under the Laws of P.R.China, having its registered office at 1# Lianyi Road, Jiangyin-Jingjiang Industry Zone, Jingjiang City, Jiangsu Province, P.R.China, and Jiangsu Yangzijiang Shipbuilding Co., Ltd.(hereinafter called “JYS” ), a company organized and existing under the Laws of China, have its registered office at 38# Shiyugang Road, Jiangyin City, Jiangsu Province, P.R.China (JNYS and JYS jointly and severally the “BUILDER”) on the other part and the TRADING HOUSE and the BUILDER are hereinafter together called the “SELLER” and shall be jointly and severally responsible for the performance of the SELLER’s o

SHIPSALES CONTRACT FOR CONSTRUCTION AND SALE OF One (1) 61,000 M.T. D/W TYPE BULK CARRIER (HULL NO. ) BETWEEN
Construction and Sale • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight • England

THIS CONTRACT, made this day of by and between , a corporation organized and existing under the law of the Republic of the Marshall Islands, having its registered office at Trust Company complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (hereinafter called the “BUYER”), the party of the first part, and Lavender Maritime S.A., a corporation organized and existing under the laws of Panama, having its principal office at 53rd Street, Urbanizacion Obarrio, Torre Swiss Bank, 16th Floor, Panama, Republic of Panama (hereinafter called the “SELLER”), the party of the second part.

SHIPBUILDING CONTRACT FOR CONSTRUCTION AND SALE OF ONE (1) DEADWEIGHT 81,600 MT TYPE KAMSARMAX BULK CARRIER (HULL NO. ) BETWEEN [SUBSIDIARY] or its guaranteed nominee AS BUYER AND TSUNEISHI GROUP (ZHOUSHAN) SHIPBUILDING INC. AS BUILDER
Construction and Sale • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight

THIS CONTRACT, made this day of , by and between or its guaranteed nominee, a corporation organized and existing under the law of Panama, having its principal office at MMG Tower 16th Floor, 53rd E. Street, Urbanization Marbella, Panama City, Republic of Panama (hereinafter called the “BUYER”), the party of the first part, and, TSUNEISHI GROUP (ZHOUSHAN) SHIPBUILDING INC., a corporation organized and existing under the laws of the People’s Republic of China, having its principal office at Retiao Village, Xiushan Island, Daishan County, Zhoushan City, Zhejiang Province, the People’s Republic of China (hereinafter called the “BUILDER”), the party of the second part.

SHIPBUILDING CONTRACT FOR THE CONSTRUCTION AND SALE OF One (1) 180,000 dwt Drybulk Carrier (HULL NO.: ) BY AND BETWEEN [SUBSIDIARY] (as BUYER) AND DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD. (as BUILDER)
Construction and Sale • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight • England

BY THIS CONTRACT made the day of by and between , a corporation organized and existing under the laws of the Marshall Island having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands 96960 (the “Buyer”), and DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD., a corporation organized and existing under the laws of the Republic of Korea, having its principal office at 85, Da-dong, Jung-Gu, Seoul, Korea (the “Builder”).

SHIPSALES CONTRACT FOR CONSTRUCTION AND SALE OF ONE (1) DEADWEIGHT 60,200 METRIC TON TYPE SINGLE SCREW MOTOR BULK CARRIER (HULL NO. ) BETWEEN [SUBSIDIARY] AS BUYER AND SUMITOMO CORPORATON AS SELLER
Construction and Sale • December 2nd, 2013 • Scorpio Bulkers Inc. • Deep sea foreign transportation of freight • England

THIS CONTRACT, made this , by and between , having its principal registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 (hereinafter called the “BUYER”), the party of the first part and guaranteed by Scorpio Bulkers Inc. (hereinafter called the “BUYER’S GUARANTOR”), and SUMITOMO CORPORATION, a corporation organized and existing under the laws of Japan, having its principal office at 1-8-11, Harumi, Chuo-ku, Tokyo, Japan (hereinafter called the “SELLER”), the party of the second part,

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