Tbs International Ltd Watch

from 10-Q 3 pages Bye-Laws of Tbs International Limited as Last Amended on June 17, 2008

from 10-Q 1 page Bermuda the Companies Act 1981 Memorandum of Increase of Share Capital of Tbs International Limited

from 10-Q ~10 pages Amended and Restated Memorandum [Seal of Bermuda] Bermuda the Companies Act 1981 Memorandum of Association of Company Limited by Shares (Section 7(1) and (2)) Memorandum of Association of Tbs International Limited (Hereinafter Referred to as "The Company") 1. the Liability of the Members of the Company Is Limited to the Amount (If Any) for the Time Being Unpaid on the Shares Respectively Held by Them. 2. We, the Undersigned, Namely, Bermudian Nationality Number of Status Shares Name Address (Yes/No) Subscribed John H. Southampton, Yes British 1 Share Cooper Bermuda David G. Southampton, Yes British 1 Share Cooper Bermuda Ernest A. Paget, Yes British 1 Share Morrison Bermuda N/A

from 10-Q ~20 pages Amended and Restated Bye-Laws

from 10-Q 1 page Amended and Restated Memorandum

from S-1/A ~20 pages Form of Bye-Laws

from S-1/A ~20 pages Articles of Incorporation or Bylaws

from S-1/A ~20 pages Bye-Laws of Tbs International

from S-1/A 1 page Memorandum of Association