0001047469-05-027887 Sample Contracts

] Shares of Common Stock DIANA SHIPPING INC. UNDERWRITING AGREEMENT [ ], 2005
Letter Agreement • December 7th, 2005 • Diana Shipping Inc. • Deep sea foreign transportation of freight • New York

BEAR, STEARNS & CO. INC. WACHOVIA CAPITAL MARKETS, LLC As Representatives of the several Underwriters named in Schedule I attached hereto c/o Bear, Stearns & Co. Inc. 383 Madison Avenue New York, New York 10179

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