Warrant Agreement To Purchase Common SharesWarrant Agreement • May 9th, 2016 • Top Ships Inc. • Deep sea foreign transportation of freight • New York
Top Ships Inc., a corporation formed under the laws of the Republic of The Marshall Islands (the "Company"), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the registered holder as set forth on the Warrant Certificate or its permitted assigns (the "Holder"), is entitled, subject to the terms set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, upon exercise of this Warrant to Purchase Common Shares (including any Warrants to Purchase Common Shares issued in exchange, transfer or replacement hereof, the "Warrant"), at any time or times on or after the Issuance Date, but not after 11:59 p.m., New York time, on the Expiration Date (as defined below), the number of fully paid and nonassessable Common Shares (as defined below) set forth on the Warrant Certificate (subject to adjustment as provided herein) (the "Warrant Shares"). Except as otherwise defined herein, ca
