0000919574-21-004967 Sample Contracts

CONTRIBUTION AND CONVEYANCE AGREEMENT
Contribution and Conveyance Agreement • August 10th, 2021 • OceanPal Inc. • Deep sea foreign transportation of freight • New York

This contribution and conveyance agreement (this "Agreement") is entered into as of , 2021, among Diana Shipping Inc., a Marshall Islands corporation ("Diana"), and OceanPal Inc., a Marshall Islands corporation ("OceanPal"). The foregoing shall be referred to individually as a "Party" and collectively as the "Parties."

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RIGHT OF FIRST REFUSAL AGREEMENT
Right of First Refusal Agreement • August 10th, 2021 • OceanPal Inc. • Deep sea foreign transportation of freight • New York

This Right of First Refusal Agreement (this “Agreement”) is made effective as of [________], 2021 between Diana Shipping Inc., a Marshall Islands company (the “Grantor”), and OceanPal Inc., a Marshall Islands company (the “Company”).

NON-COMPETITION AGREEMENT
Non-Competition Agreement • August 10th, 2021 • OceanPal Inc. • Deep sea foreign transportation of freight • New York

This AGREEMENT (this “Agreement”) is made effective as of , 2021 between DIANA SHIPPING INC., a Marshall Islands company (“Diana”) and OCEANPAL INC., a Marshall Islands company (“OceanPal”, and together with Diana, the “parties”).

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