Date 20 January 2011 STAR BULK CARRIERS CORP. as Borrower -and – CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK as LenderLoan Agreement • March 31st, 2011 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
relating to a US$70,000,000 term loan facility to provide pre and post delivery finance in respect of the construction and acquisition of two Capesize bulk carriers having builder’s Hull nos. PN063 and PN064, currently under construction in Philippines by Hhic-Phil Inc., a subsidiary of Hanjin Heavy Industries, Korea
Date 3 September 2010 STAR BULK CARRIERS CORP. as Borrower - and - THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1 as Lenders - and - COMMERZBANK AG as Agent and as Security Trustee - and - COMMERZBANK AG as Swap Bank LOAN AGREEMENT relating...Loan Agreement • March 31st, 2011 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
Clause Page 1 INTERPRETATION 1 2 FACILITY 18 3 POSITION OF THE LENDERS, THE SWAP BANK AND THE MAJORITY LENDERS 18 4 DRAWDOWN 19 5 INTEREST 20 6 INTEREST PERIODS 21 7 DEFAULT INTEREST 22 8 REPAYMENT AND PREPAYMENT 23 9 CONDITIONS PRECEDENT 25 10 REPRESENTATIONS AND WARRANTIES 26 11 GENERAL UNDERTAKINGS 28 12 CORPORATE UNDERTAKINGS 32 13 INSURANCE 33 14 SHIP COVENANTS 38 15 SECURITY COVER 42 16 PAYMENTS AND CALCULATIONS 43 17 APPLICATION OF RECEIPTS 45 18 APPLICATION OF EARNINGS 46 19 EVENTS OF DEFAULT 47 20 FEES AND EXPENSES 51 21 INDEMNITIES 52 22 NO SET-OFF OR TAX DEDUCTION 54 23 ILLEGALITY, ETC 54 24 INCREASED COSTS 55 25 SET-OFF 56 26 TRANSFERS AND CHANGES IN LENDING OFFICES 57 27 VARIATIONS AND WAIVERS 59 28 NOTICES 60 29 SUPPLEMENTAL 62 30 LAW AND JURISDICTION 63
Dated 10 June 2009 STAR BULK CARRIERS CORP. as Borrower STAR EPSILON LLC STAR GAMMA LLC STAR DELTA LLC STAR THETA LLC and STAR ZETA LLC as Existing Owners -and- THE BANKS AND FINANCIAL INSTITUTIONS listed in Appendix 1 as Lenders -and- COMMERZBANK AG...First Supplemental Agreement • March 31st, 2011 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
Clause Page 1 DEFINITIONS 1 2 REPRESENTATIONS AND WARRANTIES 3 3 AGREEMENT OF THE CREDITOR PARTIES 4 4 CONDITIONS 4 5 VARIATIONS TO LOAN AGREEMENT AND FINANCE DOCUMENTS 6 6 CONTINUANCE OF LOAN AGREEMENT AND FINANCE DOCUMENTS 10 7 EXPENSES 10 8 COMMUNICATIONS 11 9 SUPPLEMENTAL 11 10 LAW AND JURISDICTION 11 SCHEDULE 1 LENDERS 12 SCHEDULE 2 DETAILS OF INITIAL CHARTERPARTIES 13
Dated 29 September 2010 STAR BULK CARRIERS CORP. as Borrower -and- STAR COSMO LLC as Owner -and- PIRAEUS BANK A.E. as Lender FIRST SUPPLEMENTAL AGREEMENT in relation to a Loan Agreement dated 1 July 2008 (as amended and restated by an amending and...First Supplemental Agreement • March 31st, 2011 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
Clause Page 1 DEFINITIONS 1 2 REPRESENTATIONS AND WARRANTIES 2 3 LENDER’S AGREEMENT 3 4 CONDITIONS 3 5 VARIATIONS TO LOAN AGREEMENT AND FINANCE DOCUMENTS 4 6 CONTINUANCE OF LOAN AGREEMENT AND FINANCE DOCUMENTS 6 7 EXPENSES 6 8 COMMUNICATIONS 6 9 SUPPLEMENTAL 6 10 LAW AND JURISDICTION 6 EXECUTION PAGE 8
Dated 27 January 2010 STAR BULK CARRIERS CORP. as Borrower STAR EPSILON LLC STAR GAMMA LLC STAR DELTA LLC STAR THETA LLC and STAR ZETA LLC as Owners -and- THE BANKS AND FINANCIAL INSTITUTIONS listed in Appendix 1 as Lenders -and- COMMERZBANK AG as...Loan Agreement • March 31st, 2011 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
Clause Page 1 DEFINITIONS 2 2 REPRESENTATIONS AND WARRANTIES 2 3 AGREEMENT OF THE CREDITOR PARTIES 3 4 CONDITIONS 4 5 VARIATIONS TO LOAN AGREEMENT AND FINANCE DOCUMENTS 4 6 CONTINUANCE OF LOAN AGREEMENT AND FINANCE DOCUMENTS 7 7 EXPENSES 7 8 COMMUNICATIONS 8 9 SUPPLEMENTAL 8 10 LAW AND JURISDICTION 8 SCHEDULE 1 LENDERS 9 SCHEDULE 2 DETAILS OF INITIAL CHARTERPARTIES 10
Dated 25 May 2009 STAR BULK CARRIERS CORP. as Borrower - and - STAR COSMO LLC as Owner - and - PIRAEUS BANK A.E. as LenderAmending and Restating Agreement • March 31st, 2011 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
Clause Page 1 INTERPRETATION 1 2 AGREEMENT OF ALL PARTIES TO THE AMENDMENT OF THE LOAN AGREEMENT AND FINANCE DOCUMENTS 2 3 CONDITIONS PRECEDENT 2 4 REPRESENTATIONS AND WARRANTIES 2 5 AMENDMENT OF LOAN AGREEMENT 3 6 FURTHER ASSURANCES 3 7 EXPENSES 4 8 NOTICES 4 9 SUPPLEMENTAL 4 10 LAW AND JURISDICTION 4 SCHEDULE 1 CONDITIONS PRECEDENT DOCUMENTS 5 APPENDIX 1 FORM OF AMENDED AND RESTATED LOAN AGREEMENT MARKED TO INDICATE AMENDMENTS TO THE LOAN AGREEMENT 8
Dated 7 May 2009 STAR BULK CARRIERS CORP. as Borrower STAR BETA LLC STAR EPSILON LLC STAR GAMMA LLC STAR DELTA LLC STAR OMICRON LLC STAR THETA LLC STAR ZETA LLC and LAMDA LLC as Existing Owners -and- THE BANKS AND FINANCIAL INSTITUTIONS listed in...Loan Agreement • March 31st, 2011 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
Clause Page 1 DEFINITIONS 2 2 REPRESENTATIONS AND WARRANTIES 4 3 AGREEMENT OF THE CREDITOR PARTIES 5 4 CONDITIONS 5 5 VARIATIONS TO LOAN AGREEMENT AND FINANCE DOCUMENTS 7 6 CONTINUANCE OF LOAN AGREEMENT AND FINANCE DOCUMENTS 11 7 EXPENSES 12 8 COMMUNICATIONS 12 9 SUPPLEMENTAL 12 10 LAW AND JURISDICTION 12 SCHEDULE 1 LENDERS 13 SCHEDULE 2 DETAILS OF INITIAL CHARTERPARTIES 14 SCHEDULE 3 15 PART B FORM OF COMPLIANCE CERTIFICATE 15
