Tbs International Ltd Watch

from 10-Q 8 pages Date 27 March 2009 Argyle Maritime Corp. Caton Maritime Corp. Dorchester Maritime Corp. Longwoods Maritime Corp. McHenry Maritime Corp. Sunswyck Maritime Corp. as Joint and Several Borrowers – And – Tbs International Limited as Corporate Guarantor – And – The Banks and Financial Institutions Listed in Schedule 1 as Lenders – And – The Royal Bank of Scotland PLC as Mandated Lead Arranger – And – The Royal Bank of Scotland PLC as Bookrunner, Agent, Security Trustee and Swap Bank Supplemental Agreement Relating to a Term Loan Facility of US$150,000,000 Index

from 10-Q 2 pages All Other Banks Granting Loans to Tbs International Group E.G. Bank of America, the Royal Bank of Scotland, Dvb Bank, Credit Suisse and Aig Commercial Equipment Finance Borrowing Have Waived Their Financial Covenants – Including the Asset Protection Clause – Required in Their Respective Loan Documentation Through 31 December 2009. Please Confirm This in Writing to US. /S/ Drae Aschenbrenner Drae Aschenbrenner Accepted Signed by /S/ Ferdinand V. Lepere for and on Behalf of Grainger Maritime Corp

from 10-Q 11 pages First Amendment to Loan Agreement by and Among Amoros Maritime Corp., Lancaster Maritime Corp. and Chatham Maritime Corp., as Borrowers, Tbs International Limited, as Parent Guarantor, Sherwood Shipping Corp. as Guarantor, and Aig Commercial Equipment Finance, Inc., as Lender March 27, 2009

from 10-Q 36 pages Amendment No. 1 and Waiver to Credit Agreement

from 10-Q 39 pages Amended and Restated Credit Agreement Dated as of March 26, 2008 Among

from 10-Q 27 pages Date: As of January 16, 2008 Bedford Maritime Corp. Brighton Maritime Corp. Hari Maritime Corp. Prospect Navigation Corp. Hancock Navigation Corp Columbus Maritime Corp. and Whitehall Marine Transport Corp. as Joint and Several Borrowers Tbs International Limited as Guarantor the Banks and Financial Institutions Named Herein as Lenders Dvb Group Merchant Bank (Asia) Ltd. as Facility Agent and Security Trustee the Governor and Company of the Bank of Ireland as Payment Agent Dvb Bank AG the Governor and Company of the Bank of Ireland and Natixis as Swap Banks Mount Washington LLC as Arranger Loan Agreement Relating to a Loan Facility of Up to the Lesser of $75,000,000 and 59% of the Aggregate Fair Market Value of the Ships Index

from 8-K 8 pages Date 27 March 2009 Argyle Maritime Corp. Caton Maritime Corp. Dorchester Maritime Corp. Longwoods Maritime Corp. McHenry Maritime Corp. Sunswyck Maritime Corp. as Joint and Several Borrowers – And – Tbs International Limited as Corporate Guarantor – And – The Banks and Financial Institutions Listed in Schedule 1 as Lenders – And – The Royal Bank of Scotland PLC as Mandated Lead Arranger – And – The Royal Bank of Scotland PLC as Bookrunner, Agent, Security Trustee and Swap Bank Supplemental Agreement Relating to a Term Loan Facility of US$150,000,000 Index

from 8-K ~1 page All Other Banks Granting Loans to Tbs International Group E.G. Bank of America, the Royal Bank of Scotland, Dvb Bank, Credit Suisse and Aig Commercial Equipment Finance Borrowing Have Waived Their Financial Covenants – Including the Asset Protection Clause – Required in Their Respective Loan Documentation Through 31 December 2009. Please Confirm This in Writing to US. /S/ Drae Aschenbrenner Drae Aschenbrenner Accepted Signed by /S/ Ferdinand V. Lepere for and on Behalf of Grainger Maritime Corp

from 8-K ~5 pages Supplemental Letter to the Loan Agreement

from 8-K 5 pages First Amendment to Loan Agreement by and Among Amoros Maritime Corp., Lancaster Maritime Corp. and Chatham Maritime Corp., as Borrowers, Tbs International Limited, as Parent Guarantor, Sherwood Shipping Corp. as Guarantor, and Aig Commercial Equipment Finance, Inc., as Lender March 27, 2009

from 8-K 3 pages Date: As of March 23, 2009 Bedford Maritime Corp. Brighton Maritime Corp. Hari Maritime Corp. Prospect Navigation Corp. Hancock Navigation Corp Columbus Maritime Corp. and Whitehall Marine Transport Corp., as Joint and Several Borrowers Tbs International Limited, as Guarantor Dvb Group Merchant Bank (Asia) Ltd., as Lender Dvb Group Merchant Bank (Asia) Ltd., as Facility Agent and Security Trustee -And- Dvb Bank Se the Governor and Company of the Bank of Ireland and Natixis, as Swap Banks First Amendatory Agreement Amending and Supplementing the Loan Agreement Dated as of January 16, 2008

from 8-K 11 pages Amendment No. 1 and Waiver to Credit Agreement

from 10-Q >50 pages Amended and Restated Credit Agreement Dated as of March 26, 2008 Among

from 10-K ~50 pages Loan Agreement by and Among Amoros Maritime Corp., Lancaster Maritime Corp. and Chatham Maritime Corp., as Borrowers, Tbs International Limited, as Parent Guarantor, and Aig Commercial Equipment Finance, Inc., as Lender February 29, 2008

from 10-K 3 pages Date: As of January 16, 2008 Bedford Maritime Corp. Brighton Maritime Corp. Hari Maritime Corp. Prospect Navigation Corp. Hancock Navigation Corp Columbus Maritime Corp. and Whitehall Marine Transport Corp. as Joint and Several Borrowers Tbs International Limited as Guarantor the Banks and Financial Institutions Named Herein as Lenders Dvb Group Merchant Bank (Asia) Ltd. as Facility Agent and Security Trustee the Governor and Company of the Bank of Ireland as Payment Agent Dvb Bank AG the Governor and Company of the Bank of Ireland and Natixis as Swap Banks Mount Washington LLC as Arranger Loan Agreement Relating to a Loan Facility of Up to the Lesser of $75,000,000 and 59% of the Aggregate Fair Market Value of the Ships Index

from 10-K 3 pages Date: 7 December 2007 Claremont Shipping Corp. - And - - Yorkshire Shipping Corp. as Joint and Several Borrowers - And - - Credit Suisse as Lender Loan Relating to a US$40,000,000 Facility to Finance the Purchase of M.V. “Elsa Oldendorff” (Tbn M.V. “Arapaho Belle”) and M.V. “Gebe Oldendorff” (Tbn M.V. “Oneida Princess”) Index

from 8-K 16 pages Watson, Farley & Williams London

from 8-K 6 pages Amendment No. 1 to Credit Agreement

from 8-K 154 pages Credit Agreement Dated as of July 31, 2006 Among

from 8-K 5 pages Loan and Security Agreement by and Between Merrill Lynch Business Financial Services Inc., Acting Through Its Division, Merrill Lynch Capital as Lender and Sterling Shipping Corp. and Remsen Navigation Corp. as Debtors Dated as of December , 2005 Loan and Security Agreement