from 16 April 2008 Uses in Effectiveness Clause


EMPLOYMENT AGREEMENT (this "Agreement") dated as of 16 April 2008, between DOUBLE HULL TANKERS, INC., a corporation incorporated under the laws of the Republic of the Marshall Islands ("Employer"), and OLE JACOB DIESEN, an individual ("Executive").

Effectiveness. This Agreement shall become effective on and from 16 April 2008.