0000919574-08-002886 Sample Contracts

DATED: 29th OCTOBER 2007 TRUST NAVIGATION CORP. (THE “BORROWER”) -AND- EFG EUROBANK ERGASIAS S.A THE “BANK” LOAN AGREEMENT FOR THE AMOUNT OF USD 15,000,000 M/V. “TRUST JAKARTA” TBN “JOANNA P”
Loan Agreement • May 13th, 2008 • Euroseas Ltd. • Deep sea foreign transportation of freight

At the request of the Borrower, the Bank has agreed to advance to the Borrower a secured loan facility in the amount of up to United States Dollars fifteen million (USD 15,000,000) upon the terms and conditions hereinafter set forth.

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MASTER MANAGEMENT AGREEMENT
Master Management Agreement • May 13th, 2008 • Euroseas Ltd. • Deep sea foreign transportation of freight

This Amended Master Management Agreement (the “Agreement”), dated as of February 7th,, 2008 amends the Master Management Agreement dated as of September 29th 2006 and amended on the 17th of July 2007 between Euroseas Ltd. (the “Company”), in its own capacity and as agent for each of its vessel owning subsidiaries identified in Schedule A hereto together with any additional subsidiaries that may acquire vessels in the future (the “Subsidiaries”) and Eurobulk Ltd. (the “Manager”).

DATED: 7th JUNE 2007 MANOLIS SHIPPING LIMITED -AND- EFG EUROBANK ERGASIAS S.A
Agreement • May 13th, 2008 • Euroseas Ltd. • Deep sea foreign transportation of freight

At the request of the Borrower, the Bank has agreed to advance to the Borrower a secured loan facility in the amount of up to United States Dollars ten million (USD 10,000,000) upon the terms and conditions hereinafter set forth.

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