STOCK ESCROW AGREEMENT
STOCK ESCROW AGREEMENT, dated as of , 2007 (the “Agreement”) by and among
Seanergy Maritime Corp., a Marshall Islands company (“Company”), the undersigned parties listed as Initial
Stockholders on the signature page hereto (collectively, the “Initial Stockholders”) and Continental Stock
Transfer & trust Company, a corporation (“Escrow Agent”).
WHEREAS, the Company has entered into an Underwriting Agreement, dated , 2007
(“Underwriting Agreement”) with Maxim Group LLC (“Maxim”) acting as representative of the several
underwriters (collectively, the “Underwriters”), pursuant to which, among other matters, the Underwriters have
agreed to purchase 15,000,000 units (not including the underwriters’ over-allotment option) (“Units”) of the
Company. Each Unit consists of one share of the Company’s Common Stock, par value $.0001 per share, and
one warrant (“Warrant”), each Warrant to purchase one share of Common Stock, all as more fully described in
the Company’s definitive Prospectus, dated , 2007 (“Prospectus”) comprising part of the
Company’s Registration Statement on Form F-1 (File No. 333- ) under the Securities Act of
1933, as amended (“Registration Statement”), declared effective on , 2007 (“Effective Date”).
WHEREAS, the Initial Stockholders have agreed as a condition of the Underwriters’ obligation to purchase
the Units pursuant to the Underwriting Agreement and to offer them to the public to deposit all of their shares of
Common Stock of the Company, as set forth opposite their respective names in Exhibit A attached hereto
(collectively “Escrow Shares”), in escrow as hereinafter provided.
WHEREAS, the Company and the Initial Stockholders desire that the Escrow Agent accept the Escrow
Shares, in escrow, to be held and disbursed as hereinafter provided.
IT IS AGREED:
1. Appointment of Escrow