0000919574-10-005847 Sample Contracts

SALES AGREEMENT
Controlled Equity Offeringsm • October 13th, 2010 • Paragon Shipping Inc. • Deep sea foreign transportation of freight • New York

Paragon Shipping Inc., a corporation incorporated under the laws of the Republic of the Marshall Islands (the "Company"), confirms its agreement (this "Agreement") with Cantor Fitzgerald & Co. ("CF&Co."), as follows:

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