0000930413-10-001495 Sample Contracts

Safe Bulkers, Inc. (a Marshall Islands corporation) 9,000,000 Shares of Common Stock PURCHASE AGREEMENT
Purchase Agreement • March 19th, 2010 • Safe Bulkers, Inc. • Deep sea foreign transportation of freight • New York

Merrill Lynch, Pierce, Fenner & Smith Incorporated Credit Suisse Securities (USA) LLC as Representatives of the several Underwriters c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park New York, New York 10036

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