AMENDED AND RESTATED
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT made as of December , 2008 by and between Trailer
Bridge, Inc., a Delaware corporation (the “Company”), and William G. Gotimer, Jr. (the “Executive”).
W I T N E S S E T H :
WHEREAS, the Company desires to continue to employee Executive in Executive’s present management and executive
capacity and Executive desires to continue his employment with the Company on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the covenants and agreements of the parties herein contained, the parties hereto
agree as follows:
1. Employment and Duties . The Company hereby agrees to employ the Executive as General Counsel and Vice
President of the Company on the terms and conditions set forth herein, and the Executive hereby agrees to accept such
employment on such terms and conditions.
2. Term . The term of Executive’s employment hereunder shall commence on the date hereof and shall continue until
the second anniversary of the date hereof, unless sooner terminated pursuant to the provisions of Section 4 hereof. This
Agreement shall automatically renew thereafter on each annual anniversary for successive two year terms.
3. Compensation . As compensation for his performance of services as an employee hereunder, Executive shall be
entitled to receive an annual base salary at the rate of $303,450, as increased from time to time, payable in accordance with the
Company’s normal payroll practices. In addition, the Executive shall be entitled to participate in all benefit plans, stock option
grants and bonus programs in effect from time to time on at least the same basis as all other senior executives of the Company
with comparable duties.
4. Termination of Employment .
(a) The Executive’s employment shall terminate, or be subject to termination, prior to the term specified in
Section 2 hereof, as follows: