Form of Underwriting Agreement]Underwriting Agreement • March 15th, 2005 • Diana Shipping Inc. • Deep sea foreign transportation of freight • New York
Diana Shipping Inc., a corporation validly existing under the laws of the Republic of the Marshall Islands (formerly, Diana Shipping Investment Corp.) (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the several underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of [ ] shares (the “Firm Shares”) of its common stock, par value $.01 per share (the “Common Stock”). For the sole purpose of covering over-allotments in connection with the sale of the Firm Shares, at the option of the Underwriters, Zoe S. Company Ltd., a stockholder of the Company organized and existing under the laws of The Bahamas (the “Selling Stockholder”), proposes to sell to the Underwriters up to [ ] additional shares of Common Stock (the “Additional Shares”). The Firm Shares and any Additional Shares purchased by the Underwriters are referred to herein as the “Shares”. The Shares are more fully described in the Registration Statement and Prospect
THIS AGREEMENT is dated and made BETWEEN: AND IT IS HEREBY AGREED as follows:Agreement • March 15th, 2005 • Diana Shipping Inc. • Deep sea foreign transportation of freight • London
