Date July 2008 STAR BULK CARRIERS CORP. as Borrower - and - PIRAEUS BANK A.E. as Lender LOANLOAN AGREEMENTAgreement • September 2nd, 2008 • Star Bulk Carriers Corp. • Deep sea foreign transportation of freight
The Lender has agreed to make available to the Borrower a loan facility of up to $35,000,000 (being approximately 55 per cent. of the purchase price of the Ship payable pursuant to the MOA) for the purpose of assisting the Owner, a wholly-owned subsidiary of the Borrower, in part-financing the purchase price of the Ship.
