0001437749-16-041582 Sample Contracts

OPTION AWARD AGREEMENT
Option Award Agreement • November 9th, 2016 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York

This Option Award Agreement (the “Option Award Agreement”) dated as of November 7, 2016 (the “Date of Grant”), is made by and between Eagle Bulk Shipping Inc., a Republic of the Marshall Islands company (the “Company”), and Frank De Costanzo (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Eagle Bulk Shipping Inc., 2014 Equity Incentive Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

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EAGLE BULK SHIPPING INC. RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • November 9th, 2016 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York

This Restricted Stock Award Agreement (the “Restricted Stock Award Agreement”) dated as of November 7, 2016 (the “Date of Grant”), is made by and between Eagle Bulk Shipping Inc., a Republic of the Marshall Islands company (the “Company”), and Frank De Costanzo (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Eagle Bulk Shipping Inc., 2014 Equity Incentive Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

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