0000919574-21-007165 Sample Contracts

ADMINISTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • November 17th, 2021 • OceanPal Inc. • Deep sea foreign transportation of freight • New York

THIS ADMINISTRATIVE SERVICES AGREEMENT (as the same may be amended or modified from time to time, the “Agreement”), dated as of ………………, ..…., is made by and between OCEANPAL INC., a Marshall Islands corporation (the “Company”), and STEAMSHIP SHIPBROKING ENTERPRISES INC., a Marshall Islands corporation (the “Manager”).

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AMENDED AND RESTATED CONTRIBUTION AND CONVEYANCE AGREEMENT
Contribution and Conveyance Agreement • November 17th, 2021 • OceanPal Inc. • Deep sea foreign transportation of freight • New York

This amended and restated contribution and conveyance agreement (this "Agreement") first entered into on November 8, 2021 and amended and restated as of November 17, 2021 to amend the timing of the consummation of the transactions contemplated by Recital C. below and certain other matters, among Diana Shipping Inc., a Marshall Islands corporation ("Diana"), and OceanPal Inc., a Marshall Islands corporation ("OceanPal"). The foregoing shall be referred to individually as a "Party" and collectively as the "Parties."

STEAMSHIP SHIPBROKING ENTERPRISES INC.
Agreement • November 17th, 2021 • OceanPal Inc. • Deep sea foreign transportation of freight

THIS AGREEMENT dated this …….. day of November 2021 by and between OceanPal Inc., a Marshall Islands company having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the “Company”) and Steamship Shipbroking Enterprises Inc. a Marshall Islands company having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the “Broker”).

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