0000950136-07-007646 Sample Contracts

RESTRICTED STOCK UNIT AWARD AGREEMENT UNDER THE EAGLE BULK SHIPPING, INC.
Restricted Stock Unit Award Agreement • November 9th, 2007 • Eagle Bulk Shipping Inc. • Deep sea foreign transportation of freight • New York

This Award Agreement (this “RSU Award Agreement”), dated as of , (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., 2005 Stock Incentive Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company.

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