# EDGAR Filing Document

**Accession Number:** 0001503584
**File Stem:** 0000950157-25-000870
**Filing Date:** 2025-10
**Character Count:** 22945
**Document Hash:** c9605451bb8f5b2c24f0f093f624bff2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950157-25-000870.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0000950157-25-000870

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251015

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Costamare Inc.
- **CENTRAL INDEX KEY:** 0001503584
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** 1T
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34934
- **FILM NUMBER:** 251393470

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 7 RUE DU GABIAN
- **CITY:** MONACO
- **PROVINCE COUNTRY:** O9
- **ZIP:** MC98000
- **BUSINESS PHONE:** 377(93)250940

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 7 RUE DU GABIAN
- **CITY:** MONACO
- **PROVINCE COUNTRY:** O9
- **ZIP:** MC98000

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 6-K

#### REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR

#### 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

#### For the month of October 2025

#### Commission File Number: 001-34934

## COSTAMARE INC.
(Translation of registrant's name into English)

#### 7 rue du Gabian, MC 98000 Monaco
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F&nbsp;&nbsp;&nbsp;&nbsp; ☒&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F ☐

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#### INCORPORATION BY REFERENCE

The information contained in this Report on Form 6-K shall be incorporated by reference into our registration statements on Form F-3, as filed with the U.S. Securities and Exchange Commission on July 6, 2016 (File No. 333-212415) and March 29, 2024 (File No. 333-278366) to the extent not superseded by information subsequently filed or furnished (to the extent we expressly state that we incorporate such furnished information by reference) by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.

#### EXHIBIT INDEX

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| | |
|:---|:---|
| [99.1](ex99-1.htm) | [Statement of Designation of Rights, Preferences and Privileges of Series F Preferred Stock of Costamare Inc.](ex99-1.htm) |
| [99.2](ex99-2.htm) | [Stock Subscription Agreement, dated as of October 15, 2025, between Costamare Inc. and Konstantinos Konstantakopoulos](ex99-2.htm) |

---

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**Monaco, October 15, 2025** – Costamare Inc. ("Costamare" or the "Company") (NYSE: CMRE) announced today that it has entered into a Stock Subscription Agreement (the "Purchase Agreement") with Konstantinos Konstantakopoulos, pursuant to which Mr. Konstantakopoulos will purchase 1,200 shares of a new series of high-vote, non-economic preferred stock (the "Series F Preferred Stock"), for an aggregate purchase price of $1,200.

Each share of Series F Preferred Stock shall entitle Mr. Konstantakopoulos to 50,000 votes on all matters submitted to a vote of the shareholders of the Company. The Series F Preferred Stock were established in connection with the announcement on October 10, 2025, by the Ministry of Transport in China relating to the collection of special port fees from U.S.-linked vessels. While the Company does not believe that its vessels are subject to the collection of special port fees, the issuance of the Series F Preferred Stock ensures that it is not possible for U.S. persons to control over 25% of the voting power of the Company because, following the completion of the purchase by Mr. Konstantakopoulos, members of the Konstantakopoulos family (none of whom are U.S. persons) will control approximately 75.7% of the Company's issued and outstanding voting rights. Prior to the issuance of the shares of Series F Preferred Stock pursuant to the Purchase Agreement, the Konstantakopoulos family controlled approximately 63.6% of the Company's issued and outstanding voting rights.

The Series F Preferred Stock shall not have any dividend or distribution rights, and shall not be entitled to any distributions upon any liquidation, dissolution or winding up of the Company other than its par value. All shares of the Series F Preferred Stock are subject to redemption by the Company at any time in the sole discretion of the independent members of the Board of Directors of the Company (or a committee comprised thereof) and without the consent of the holders of Series F Preferred Stock, for a redemption price equal to $1 per share. Effective on the date that is the fifth anniversary of the date of issuance of the shares of Series F Preferred Stock, all rights and powers of any such shares that remain outstanding will automatically terminate and be of no further force or effect.

The Audit Committee of the Company, comprised solely of independent and disinterested directors, reviewed the Purchase Agreement and the Statement of Designation establishing the Series F Preferred Stock and unanimously recommended that the Board of Directors of the Company approve the designation and issuance of the Series F Preferred Stock and the execution of the Purchase Agreement.

The terms of the Series F Preferred Stock are set forth in a Statement of Designation of Rights, Preferences and Privileges of Series F Preferred Stock of the Company, dated as of October 15, 2025 (the "Statement of Designation"), a copy of which is attached hereto as Exhibit 99.1.

#### Forward-Looking Statements

This report contains "forward-looking statements". In some cases, you can identify these statements by forward-looking words such as "believe", "intend", "anticipate", "estimate", "project", "forecast", "plan", "potential", "may", "should", "could" and "expect" and similar expressions. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's Annual Report on Form 20-F (File No. 001-34934) under the caption "Risk Factors".

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#### SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  | **COSTAMARE INC.** | **COSTAMARE INC.** | **COSTAMARE INC.** |
| Date: October 15, 2025 | By:  | /s/ Gregory G. Zikos | /s/ Gregory G. Zikos |
|  |  | Name: | Gregory G. Zikos |
|  |  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

#### Exhibit 99.1<br>

EXECUTION VERSION

STATEMENT OF DESIGNATION OF RIGHTS, PREFERENCES AND PRIVILEGES OF SERIES F PREFERRED STOCK OF COSTAMARE INC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COSTAMARE INC., a corporation organized and existing under the Business Corporations Act of the Republic of the Marshall Islands (the "<u>Company</u>"), in accordance with the provisions of Section 35 thereof and the Company's Second Amended and Restated Articles of Incorporation (the "<u>Articles of Incorporation</u>") do hereby certify:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That pursuant to the authority conferred by the Company's Articles of Incorporation, the Company's Board of Directors (the "<u>Board</u>") on October 15, 2025 adopted the following resolution designating and prescribing the relative rights, preferences and privileges of the Company's Series F Preferred Stock:

RESOLVED, that pursuant to the authority vested in the Board by the Articles of Incorporation, the Board hereby establishes a series of preferred stock, par value U.S. $0.0001 per share, and fixes the designation and certain voting and other powers, preferences and other special rights of the shares of such series, and certain qualifications, limitations and restrictions thereon, as follows:

Section 1. <u>Designation and Amount</u>. The shares of such series shall be designated as "<u>Series F Preferred Stock</u>". The Series F Preferred Stock shall have a par value of U.S. $0.0001 per share, and the number of shares constituting such series shall initially be 50,000, which number the Board may from time to time increase or decrease (but not below the number then outstanding).

Section 2. <u>Proportional Adjustment</u>. In the event the Company shall at any time after the issuance of any share or shares of Series F Preferred Stock (i) declare any dividend on the common stock of the Company, par value U.S. $0.0001 per share (the "<u>Common Stock</u>"), payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Company shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series F Preferred Stock.

Section 3. <u>Dividends and Distributions</u>. Subject to Section 6, the Series F Preferred Stock shall not have dividend or distribution rights.

Section 4. <u>Voting Rights</u>. The holders of shares of Series F Preferred Stock shall have the following voting rights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each share of Series F Preferred Stock shall entitle the holder thereof to 50,000 votes on all matters submitted to a vote of the shareholders of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as otherwise provided herein or required by law, the holders of shares of Series F Preferred Stock and the holders of shares of Common Stock shall vote together as one class on all matters submitted to a vote of shareholders of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except as otherwise provided herein or required by law, holders of Series F Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set forth herein) for taking any corporate action.

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Section 6. <u>Liquidation, Dissolution or Winding Up</u>. Upon any liquidation, dissolution or winding up of the Company, the holders of shares of Series F Preferred Stock shall be entitled to receive a payment per share equal to the par value of $0.0001 per share. Holders of Series F Preferred Stock shall have no other rights to distributions upon any liquidation, dissolution or winding up of the Company.

Section 7. <u>Consolidation, Merger, etc</u>. In case the Company shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case the shares of Series F Preferred Stock shall at the same time be similarly exchanged or changed in an amount per share equal to the par value of $0.0001 per share.

Section 8. <u>Redemption; Automatic Termination of Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; With respect to any shares of Series F Preferred Stock, at any time and from time to time during the period commencing on the date of issuance of such shares (the "<u>Issuance Date</u>") and ending on the date that is the fifth anniversary of the Issuance Date, the Company, acting through the independent members of the Board (or a committee thereof comprised solely of independent members) in its sole and absolute discretion and without the consent of the holders of Series F Preferred Stock, may redeem, out of funds legally available therefor, all or any portion of such shares. The per share redemption price shall be equal to $1 per share of Series F Preferred Stock (the "<u>Redemption Price</u>"). The Redemption Price shall be paid in cash on the redemption date specified in the Company's written notice of redemption, which notice shall be delivered to each holder of record of such shares not less than five (5) days prior to the redemption date and shall state the number of shares to be redeemed, the redemption date and the Redemption Price. From and after the redemption date, such shares shall no longer be deemed outstanding and all rights of the holders thereof as holders of Series F Preferred Stock shall cease, other than the right to receive the Redemption Price, without interest, upon surrender of such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notwithstanding anything to the contrary herein, with respect to any shares of Series F Preferred Stock, effective on the date that is the fifth anniversary of the Issuance Date (the "<u>Termination Date</u>"), all rights and powers of such shares designated hereunder, and all obligations of the Company with respect thereto, shall automatically terminate and be of no further force or effect, and such shares shall thereafter be void and of no further effect; <u>provided</u>, that nothing in this Section 8(b) shall impair the rights of any holder of such shares to receive the Redemption Price for any such shares duly called for redemption prior to the Termination Date in accordance with Section 8(a) above and not yet paid, which rights shall survive solely to the extent necessary to effect such payment.

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Section 9. <u>Ranking</u>. The Series F Preferred Stock shall rank junior to all other series of the Company's preferred stock, unless the terms of any such series shall provide otherwise (including ranking junior to all other series of the Company's preferred stock with respect to payments under Section 6).

Section 10. <u>Transferability</u>. Notwithstanding anything to the contrary in this Statement of Designation, holders of Series F Preferred Stock shall not Transfer (as defined below) the Series F Preferred Stock to any person or entity. Any purported Transfer of the Series F Preferred Stock shall be null and void and shall have no force or effect. "Transfer" shall mean directly or indirectly (a) any sale, assignment, encumbrance, hypothecation, pledge, conveyance in trust, gift or other transfer or disposition of any kind, including, but not limited to, transfers to receivers, levying creditors, trustees or receivers in bankruptcy proceedings or general assignees for the benefit of creditors, whether voluntary or by operation of law, directly or indirectly, of Series F Preferred Stock or (b) any change in the record or beneficial ownership of the Series F Preferred Stock after its Issuance Date, in each case that is not approved in advance by the Board.

Section 11. <u>Amendment</u>. The Articles of Incorporation of the Company shall not be further amended in any manner which would materially alter or change the powers, preference or special rights of the Series F Preferred Stock so as to affect them adversely without the affirmative vote of the holders of a majority of the outstanding shares of Series F Preferred Stock, voting separately as a class.

Section 12. <u>Fractional Shares</u>. Series F Preferred Stock may be issued in fractions of a share which shall entitle the holder, in proportion to such holder's fractional shares, to exercise voting rights and to have the benefit of all other rights of holders of Series F Preferred Stock.

RESOLVED FURTHER, that the Board hereby authorizes and directs any officer of this Company to prepare and file a Statement of Designation of Rights, Preferences and Privileges in accordance with the foregoing resolution and the provisions of Marshall Islands law and to take such actions as they may deem necessary or appropriate to carry out the intent of the foregoing resolution.

*REMAINDER OF PAGE INTENTIONALLY LEFT BLANK*

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IN WITNESS WHEREOF, the undersigned, being duly authorized thereto, declares, under penalty of perjury, that the foregoing Statement of Designation is the act and deed of the Company and that the facts stated therein are true and correct.

Executed on October 15, 2025.

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| | |
|:---|:---|
| COSTAMARE INC. | COSTAMARE INC. |
| /s/ Gregory G. Zikos | /s/ Gregory G. Zikos |
| Authorized Person | Authorized Person |
| Name: | Gregory G. Zikos |
| Title: | Chief Financial Officer |

---

## Exhibit 99.2

#### Exhibit 99.2<br>

EXECUTION VERSION

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STOCK SUBSCRIPTION AGREEMENT dated as of October 15, 2025 (this "<u>Agreement</u>"), between Costamare Inc., a Marshall Islands corporation (the "<u>Company</u>"), and Konstantinos Konstantakopoulos (the "<u>Stockholder</u>").

The Stockholder hereby subscribes for and offers to purchase, and the Company hereby accepts such offer and agrees to issue to the Stockholder, one thousand two hundred (1,200) shares of its Series F Preferred Stock, par value $0.0001 per share (the "<u>Subscription Shares</u>"), in a private sale (the "<u>Private Placement</u>"), in consideration of the payment by the Stockholder to it in the amount of $1,200.

The Company hereby represents and warrants to the Stockholder that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; this Agreement has been duly authorized, executed and delivered by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the Company has full right, power and authority to execute and delivery this Agreement and make the Private Placement and to perform its obligations hereunder and thereunder, and all action required to be taken for the due and proper authorization of this Agreement and the Private Placement and the consummation by the Company of the transactions contemplated hereby and thereby has been duly and validly taken; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the Subscription Shares have been duly and validly authorized and, when issued and delivered against payment thereof as provided herein, will be duly and validly issued and fully paid and non-assessable, and not subject to any statutory pre-emptive or similar rights.

The Stockholder hereby represents and warrants to the Company that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; this Agreement has been duly executed and delivered by the Stockholder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the Stockholder has full right and capacity to execute and deliver this Agreement and to perform his obligations hereunder, and all actions required to be taken for the due and proper execution and delivery of this Agreement by the Stockholder and the consummation by him of the transactions contemplated hereby has been duly and validly taken;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the Stockholder (i) is a sophisticated investor and has such knowledge and experience in financial and business matters so as to be capable of evaluating the merits, rights and suitability of investing in the Subscription Shares and (ii) is able to bear the economic risks of an entire loss of his investment in the Subscription Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp; the purchase of Subscription Shares by the Stockholder pursuant to this Agreement will be for the Stockholder's own account, and the Stockholder is not acquiring the Subscription Shares with a view to any distribution thereof in a transaction that would violate the U.S. Securities Act of 1933, as amended.

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This Agreement may be executed in one or more counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.

This Agreement shall be governed by, and construed in accordance with, the internal laws of the Marshall Islands without regard to principles of conflict of law.

[*Remainder of page intentionally left blank; signature page follows*]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date hereof.

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| | | |
|:---|:---|:---|
| COSTAMARE INC., | COSTAMARE INC., | COSTAMARE INC., |
| By:  | /s/ Gregory G. Zikos | /s/ Gregory G. Zikos |
|  | Name: | Gregory G. Zikos |
|  | Title: | Chief Financial Officer |

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| | | |
|:---|:---|:---|
| By:  | /s/ Konstantinos Konstantakopoulos | /s/ Konstantinos Konstantakopoulos |
|  | Name: | Konstantinos Konstantakopoulos, as Stockholder<br>|

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[*Signature page to CMRE Stock Subscription Agreement*]

<br>