This Employment Agreement (this "Agreement") is made as of August 5th , 2004, by and between Trailer Bridge,
Inc. (the "Company"), and John D. McCown, Jr.(the "Executive").
WHEREAS, the Company desires to continue to employ Executive in accordance with the terms and conditions
stated in this Agreement; and
WHEREAS, Executive desires to continue that employment pursuant to the terms and conditions of this
NOW, THEREFORE, in consideration of the premises and of the mutual covenants and undertakings stated
herein, the parties agree as follows:
1.1 Employment As Executive. The Company hereby agrees to employ Executive as Chairman & Chief
Executive Officer ( hereafter "CEO") for a two year term commencing the effective date of this Agreement.
Executive accepts such employment pursuant to the terms of this Agreement. Executive shall have general and
active management of the business and affairs of the Company, subject to the control of the Board. Executive
shall from time to time make such reports of the affairs of the Company as the Board may require and shall
perform such other duties as the Board may from time to time determine. The Stockholders have passed a
resolution appointing Executive to the Company's Board.
1.2 Term. After the initial two year term, this Agreement will automatically be renewed for additional one year
terms if Executive or the Company fail to give the other party written notice of intent not to renew six
(6) months or more prior to the Agreement's termination date.
1.3 Exclusive Services. Executive agrees to devote his full time, attention, and energy to performing his duties and
responsibilities to the Company under this Agreement during the period that this Agreement is in effect.
Notwithstanding the foregoing, the Executive may (i) serve on the boards of directors or equivalent bodies of
nonprofit organizations and business entities,
(ii) undertake outside speaking and writing engagements, and (iii) continue to