0001437749-17-003959 Sample Contracts

OPTION AWARD AGREEMENT UNDER THE EAGLE BULK SHIPPING INC. 2016 EQUITY INCENTIVE PLAN
Option Award Agreement • March 7th, 2017 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York

This Option Award Agreement (the “Option Award Agreement”) dated as of [.], 2017 (the “Date of Grant”), is made 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. 2016 Equity Incentive Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

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Standard Contracts

RESTRICTED STOCK AWARD AGREEMENT UNDER THE EAGLE BULK SHIPPING INC.
Restricted Stock Award Agreement • March 7th, 2017 • 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 [.], 2017 (the “Date of Grant”), is made 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. 2016 Equity Incentive Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

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