0001144204-07-012671 Sample Contracts

Contract
Memorandum of Agreement • March 14th, 2007 • Star Bulk Carriers Corp. • London

MEMORANDUM OF AGREEMENT Dated: January 12, 2007 Norwegian Shipbrokers’ Association’s Memorandum of Agreement for sale and purchase of ships. Adopted by The Baltic and International Maritime Council (BIMCO)in 1956. Code-name SALEFORM 1993 Revised 1966,1983 and 1986/87.

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SUPPLEMENTAL AGREEMENT
Supplemental Agreement • March 14th, 2007 • Star Bulk Carriers Corp. • New York

This Supplemental Agreement is entered into as of this 12th day of January, 2007 by and among (i) Star Maritime Acquisition Corp. ("Star Maritime"), a Delaware corporation, (ii) Star Bulk Carriers Corp. ("Star Bulk"), a Marshall Islands corporation wholly-owned by Star Maritime, for itself individually and for/on behalf of each of the Buyers (as hereinafter defined), and (iii) TMT Co., Ltd. ("TMT"), a Taiwan corporation, for itself individually and for/on behalf of each of the Sellers (as hereinafter defined).

MASTER AGREEMENT
Master Agreement • March 14th, 2007 • Star Bulk Carriers Corp. • New York

THIS MASTER AGREEMENT, dated as of January 12, 2007 (this “Agreement”), is made by and among TMT CO., LTD., a Taiwan corporation (the “Seller”), STAR BULK CARRIERS CORP., a Marshall Islands corporation (the “Buyer”), and STAR MARITIME ACQUISITION CORP., a Delaware corporation (“Star Maritime”).

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