0000919574-09-008881 Sample Contracts

SALES AGREEMENT
Sales Agreement • April 15th, 2009 • Paragon Shipping Inc. • Deep sea foreign transportation of freight • New York

Paragon Shipping Inc., a corporation incorporated under the laws of the Republic of the Marshall Islands (the “Company”), confirms its agreement (this “Agreement”) with Cantor Fitzgerald & Co. (“CF&Co.”), as follows: