0000950136-07-007867 Sample Contracts

AMENDED AND RESTATED RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE EAGLE BULK SHIPPING INC. 2005 STOCK INCENTIVE PLAN
Restricted Stock Unit Award Agreement • November 15th, 2007 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York

This Amended Agreement amends and restates, as of November 9, 2007, the Restricted Stock Unit Award Agreement (the “RSU Award Agreement”) dated as of October 4, 2007 (the “Date of Grant”), by and between Eagle Bulk Shipping Inc., a Republic of the Marshall Islands company (the “Company”), and ________________ (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Eagle Bulk Shipping Inc., 2005 Stock Incentive Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

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