17,500,000 Shares of Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • April 21st, 2017 • Diana Shipping Inc. • Deep sea foreign transportation of freight • New York
Diana Shipping Inc., a corporation existing under the laws of the Republic of the Marshall Islands (the "Company"), proposes, subject to the terms and of conditions stated herein, to issue and sell to the underwriters named in Schedule I hereto (the "Underwriters"), for whom you are acting as representatives (the "Representatives"), an aggregate of 17,500,000 shares (the "Firm Securities") of the Company's common stock, $0.01 par value (the "Common Stock"). The respective amounts of the Securities (as defined below) to be so purchased by the several Underwriters are set forth opposite their names in Schedule I hereto. The Company also proposes to issue and sell, at the Underwriters' overallotment option, up to an aggregate of 2,625,000 additional shares (the "Additional Securities") of Common Stock as set forth in the third column of Schedule I hereto. The Firm Securities and any Additional Securities purchased by the Underwriters are herein referred to as the "Securities." The Securit
