STOCK SURRENDER AGREEMENT
This Stock Surrender Agreement (the “Agreement”) dated as of February 20, 2007, by and among the
individuals listed on Schedule A (each an “Insider” and collectively, “Insiders”) and Seanergy Maritime Corp.
W I T N E S S E T H:
WHEREAS, on November 27, 2006, the Company issued an aggregate of 3,302,224 shares of common
stock, par value $0.0001 per share (the “Common Stock”) to certain directors and officers of the Company;
WHEREAS, in connection with a modification of the terms of the Company’s initial public offering, each
Insider desires to surrender his or its legal right, title and interest in the number of shares of Common Stock set
forth opposite his or its name on Schedule A hereto, which shares shall total 802,224 (the “Shares”) and the
Company desires to accept such surrendered Shares for cancellation;.
NOW, THEREFORE, in consideration of the promises and mutual covenants, agreements, representations
and warranties herein contained, the parties hereto agree as follows:
1. Surrender of Shares . Subject to the terms and conditions of this Agreement, as of the date first above written,
Insiders hereby surrender all legal right, title and interest in the Shares to the Company for cancellation. The
Company shall receive no consideration for the surrendered Shares.
2. Further Assurances . After the date hereof, Insiders agree to take any and all actions necessary to surrender
the Shares to the Company.
3. Acknowledgements . The parties hereto acknowledge and agree that the intent and purpose of the transaction
contemplated by this Agreement is not to hinder or defraud any creditor of Insiders.
4. Entire Agreement: Amendments . This Agreement contains, and is intended as, a complete statement of all the
terms of the arrangements between the parties with respect to the matters provided for and supersedes any and
all prior agreements, arrangements and understandings between the parties with respect to