SHAREHOLDERS RIGHTS AGREEMENT by and between SAFE BULKERS, INC. and AMERICAN STOCK TRANSFER & TRUST COMPANY Dated as of August 5, 2020Shareholder Rights Agreement • August 6th, 2020 • Safe Bulkers, Inc. • Deep sea foreign transportation of freight • New York
Exchange Provision: Any time after the date an Acquiring Person obtains more than 10% of the company’s common stock and before that Acquiring Person acquires more than 50% of the company’s outstanding common stock, the company may exchange each right owned by all other rights holders, in whole or in part, for one share of the company’s common stock.
