Document:

Exhibit 4.3

    THIS WARRANT AND THE
          SECURITIES ISSUABLE UPON EXERCISE HEREOF MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED, OR BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT, OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION
          OF SUCH SECURITIES BY ANY PERSON FOR A PERIOD OF ONE HUNDRED AND EIGHTY (180) DAYS IMMEDIATELY FOLLOWING THE DATE OF EFFECTIVENESS OF THE PUBLIC OFFERING OF THE COMPANY'S SECURITIES PURSUANT TO REGISTRATION STATEMENT NO.: 333- 221058 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, EXCEPT IN
          ACCORDANCE WITH FINRA RULE 5110(G)(2).

    REPRESENTATIVE'S WARRANT

    SEANERGY MARITIME HOLDINGS CORP.

    	
            Warrant Shares: 210,000

          	
            Issuance Date: May 13, 2019

          

     

    THIS REPRESENTATIVE'S

          WARRANT (the "Warrant") certifies that, for value received, Maxim Partners LLC or its assigns (the "Holder") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date that is 180 days from the effective date of
        the Registration Statement (the "Initial Exercise Date") and on or prior to the close of business on the three (3) year anniversary of the effective date of
        the Registration Statement (the "Termination Date") but not thereafter, to subscribe for and purchase from Seanergy Maritime Holdings Corp., a Marshall
        Islands corporation (the "Company"), up to 210,000 Common Shares (as subject to adjustment hereunder, the "Warrant Shares"). The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

    
      Section 1. Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Underwriting
            Agreement (the "Agreement"), dated May 9, 2019, between the Company
            and Maxim Group LLC, as representative of the several Underwriters named in Schedule A thereto.

      Section 2. Exercise.

      (a) Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial
          Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books of
          the Company) of a duly executed facsimile copy of the Notice of Exercise form annexed hereto. Within three (3) trading days following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares
          specified in the applicable Notice of Exercise by wire transfer or cashier's check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is available and specified in the applicable Notice of
          Exercise. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been
          exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) trading days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant
          resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant
          Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases; provided that the records of the Company, absent manifest error, will be conclusive with respect to
          the number of Warrant Shares purchasable from time to time hereunder. The Company shall deliver any objection to any Notice of Exercise form within one (1) business day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares
            hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof. For purposes of this agreement, "business day" means any day other than a Saturday, Sunday
          or any other day on which commercial banks are required or authorized to close in the City of New York, State of New York or the City of Athens in the Country of Greece.

       

        

      
        
          

      

      

        (b) Exercise Price. The exercise price per share of the Common Shares under this Warrant shall be $4.25, subject to adjustment hereunder (the "Exercise Price"). Except as where otherwise permitted in accordance with Section 2(c), this Warrant may only be exercised by means of
              payment by wire transfer or cashier's check drawn on a United States bank.

        (c) Cashless Exercise. If, and only if, at the time of
            exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then, and only then, this Warrant may, at the option of the
            Holder, be exercised, in whole or in part, at such time by means of a "cashless exercise" in which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

        (A) = the VWAP on the trading day immediately preceding the date on which Holder elects to exercise this
          Warrant by means of a "cashless exercise," which shall be set forth in the applicable Notice of Exercise;

        (B) = the Exercise Price of this Warrant, as adjusted hereunder, at the time of exercise; and

        (X) = the number of Warrant Shares that would be issuable upon exercise of this Warrant in
            accordance with the terms of this Warrant if such exercise were by means of a cash exercise rather than a cashless exercise.

        "VWAP"
            means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Shares are then listed or quoted on The New York Stock Exchange, the NYSE American or any tier of The Nasdaq Stock Market (each, a "Trading Market"), the daily volume weighted average price of the Common Shares for such date (or the nearest preceding date) on the Trading Market on which
            the Common Shares are then listed or quoted as reported by Bloomberg L.P. ("Bloomberg") (based on a trading day from 9:30 a.m. (New York City time) to
            4:02 p.m. (New York City time)), (b)  if the Common Shares are listed or quoted on the OTCQB or OTCQX (each as operated by OTC Markets Group, Inc., or any successor market), the volume weighted average price of the Common Shares for such date
            (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Shares are not then listed or quoted for trading on the OTCQB or OTCQX Markets and if prices for the Common Shares are then reported in the OTC Pink Market
            published by OTC Markets Group Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Shares so reported, or (d) in all other cases, the fair market value of
            a Common Share as determined by an independent appraiser selected in good faith by the Board of Directors of the Company and reasonably acceptable to the Holder, the fees and expenses of which shall be paid by the Company.

        (d) Mechanics of Exercise.

        (i) Delivery of Warrant Shares Upon Exercise. The Company shall use its reasonable best efforts to cause the Warrant Shares purchased hereunder to be transmitted by the Transfer Agent to the Holder by crediting the
              account of the Holder's prime broker with The Depository Trust Company through its Deposit or Withdrawal at Custodian system ("DWAC") if the Company is then a participant in such system and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or
              resale of the Warrant Shares or (B) this Warrant is being exercised via cashless exercise, and otherwise by physical delivery to the address specified by the Holder in the Notice of Exercise by the date that is five (5) trading days after the
              latest of (A) the delivery to the Company of the Notice of Exercise, (B) surrender of this Warrant (if required) and (C) receipt by the Company of the aggregate Exercise Price as set forth above (including by cashless exercise, if permitted)
              (such date, the "Warrant Share Delivery Date"). The Warrant Shares
              shall be deemed to have been issued, and the Holder or any other person so designated to be named therein shall be deemed to have become a holder of record of such shares for all purposes, as of the date the Warrant has been exercised and
              payment to the Company of the aggregate Exercise Price (or by cashless exercise, if permitted) has been received by the Company and all taxes required to be paid by the Holder, if any, pursuant to Section 2(d)(vi) prior to the issuance of
              such shares have been paid.

        (ii) Delivery of New Warrants Upon Exercise.
            If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing the
            rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

         

          

        
          
            

        

         

          (iii) Rescission Rights. If the Company fails to cause its transfer agent to transmit to the Holder the Warrant Shares pursuant to Section 2(d)(i) by the Warrant Share Delivery Date, then the
                Holder will have the right to rescind such exercise.

          (iv) Compensation for Buy-In on Failure to Timely
                  Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder, if the Company fails to cause the Transfer Agent to
                transmit to the Holder the Warrant Shares pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the
                Holder's brokerage firm otherwise purchases, Common Shares to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a "Buy-In"), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the
                Holder's total purchase price (including brokerage commissions, if any) for the Common Shares so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required to deliver to the
                Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and
                equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of Common Shares that would have been issued had the Company timely
                complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Shares having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of Warrant Shares with an
                aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice
                indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder's right to pursue any other remedies available to it hereunder,
                at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company's failure to timely deliver Common Shares upon exercise of the Warrant as required pursuant to the
                terms hereof.

          (v) No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would
                otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the
                next whole share.

          (vi) Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental expense in respect of the issuance of such
                Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however, that, in the event Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the
                Assignment Form attached hereto duly executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer
                Agent fees required for same-day processing of any Notice of Exercise.

          (vii) Closing of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

          (e) Holder's Exercise Limitations. The
              Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance after exercise
              as set forth on the applicable Notice of Exercise, the Holder (together with the Holder's Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder's Affiliates), would beneficially own in excess of the
              Beneficial Ownership Limitation (as defined below).  For purposes of the foregoing sentence, the number of Common Shares beneficially owned by the Holder and its Affiliates shall include the number of Common Shares which are issuable upon
              exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of Common Shares which would be issuable upon (i) exercise of the remaining, non-exercised portion of this Warrant beneficially
              owned by the Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or non-converted portion of any other securities of the Company (including, without limitation, any other securities of the Company which by their
              terms are convertible into or exercisable for Common Shares ("Common Share Equivalents") subject to a limitation on conversion or

           

            

          
            
              

          

          exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates.  Except as set
            forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the 1934 Act and the rules and regulations promulgated thereunder, it being acknowledged by the
            Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the 1934 Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the
            extent that the limitation contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates) and of which portion of this Warrant
            is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder's determination of whether, and representation and certification to the Company that, this Warrant is
            exercisable (in relation to other securities owned by the Holder together with any Affiliates) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no
            obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the 1934 Act and the rules and regulations
            promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding Common Shares, a Holder may rely on the number of outstanding Common Shares as reflected in (A) the Company's most recent periodic or annual
            report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer Agent setting forth the number of Common Shares outstanding.  Upon the
            written or oral request of a Holder, the Company shall within two (2) trading days confirm orally and in writing to the Holder the number of Common Shares then outstanding.  In any case, the number of outstanding Common Shares shall be
            determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates since the date as of which such number of outstanding Common Shares was reported. The "Beneficial Ownership Limitation" shall be 4.99% of the number of Common Shares outstanding immediately after giving effect to the issuance of Warrant Shares
            issuable upon exercise of this Warrant. The Holder, upon not less than 61 days' prior notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided that the Beneficial Ownership
            Limitation in no event exceeds 9.99% of the number of Common Shares outstanding immediately after giving effect to the issuance of Common Shares upon exercise of this Warrant held by the Holder and the provisions of this Section 2(e) shall
            continue to apply. Any such increase or decrease will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than
            in strict conformity with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or
            supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

          Section 3. Certain Adjustments.

          (a) Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise makes a distribution or distributions (other than cash) pro rata
                to the record holders of its Common Shares of its Common Shares or any other equity or equity equivalent securities payable in Common Shares (which, for avoidance of doubt, shall not include any Common Shares issued by the Company upon
                exercise of this Warrant), (ii) subdivides its outstanding Common Shares into a larger number of shares, (iii) combines (including by way of reverse stock split) its outstanding Common Shares into a smaller number of shares, or (iv) issues
                by reclassification of the Common Shares any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of Common Shares (excluding treasury
                shares, if any) outstanding immediately before such event and of which the denominator shall be the number of Common Shares outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be
                proportionately adjusted such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of
                stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

          (b) Subsequent Rights Offerings. In
              addition to any adjustments pursuant to Section 3(a) above, if at any time during which this Warrant is outstanding the Company grants, issues or sells any Common Share Equivalents or other rights to purchase stock, warrants, securities or
              other property pro rata to the record holders of any class of Common Shares (the "Purchase Rights"), then the Holder will be entitled to acquire, upon
              the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the

           

            

          
            
              

          

          number of Common Shares acquirable upon complete exercise of this Warrant (without regard to any limitations on
              exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of
              which the record holders of Common Shares are to be determined for the grant, issue or sale of such Purchase Rights (provided, however, to the extent that the Holder's right to participate in any such Purchase Right would result in the Holder
              exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right to such extent (or beneficial ownership of such Common Shares as a result of such Purchase Right to such extent) and
              such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation). The provisions of this Section 3(b) will
              not apply to any grant, issuance or sale of Common Share Equivalents or other rights to purchase stock, warrants, securities or other property of the Company which is not made pro rata to the record holders of any class of Common Shares.

          (c) Extraordinary Distributions. If the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of Common Shares, by way of return
                of capital or otherwise (including, without limitation, any distribution, other than cash, of stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or
                other similar transaction), except to the extent an adjustment was already made pursuant to Section 3(a) or 3(b) and other than regular quarterly or other periodic dividends that may be initiated in the future (a "Distribution"), at any
                time after the issuance of this Warrant, then, in each such case, then the Exercise Price shall be decreased, effective immediately after the effective date of such Distribution, by the fair market value (as determined by the Company's
                Board of Directors, in good faith) of any securities or other assets paid on each Common Share in respect of such Distribution in order that subsequent thereto upon exercise of this Warrant the Holder may obtain the equivalent benefit of
                such Distribution.

          (d) Fundamental Transaction. If, at any
              time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly,
              effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or
              exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common Shares are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by the
              holders of 50% or more of the outstanding Common Shares, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification, reorganization or recapitalization of the Common Shares or any compulsory
              share exchange pursuant to which the Common Shares are effectively converted into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly, in one or more related transactions consummates a stock or
              share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person or group of Persons (other than (but except in the case of a
              "Rule 13e-3 transaction" transaction as defined in Rule 13e-3 promulgated under the 1934 Act involving) Claudia Restis, Jelco Delta Holding Corp., Comet Shipholding Inc. or associated or affiliated persons), whereby such other Person or group
              acquires more than 50% of the outstanding Common Shares (not including any Common Shares held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock or share
              purchase agreement or other business combination) (each a "Fundamental Transaction"), then, upon any subsequent exercise of this Warrant, the Holder
              shall have the right to receive, for each Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise of
              this Warrant), the number of shares of common equity of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration (the "Alternate Consideration") receivable as a result of such Fundamental Transaction by a holder of the number of Common Shares for which this Warrant is exercisable immediately prior to such Fundamental
              Transaction (without regard to any limitation in Section 2(e) on the exercise of this Warrant), without duplication of the Successor Entity securities deliverable under Section 3(e) below. For purposes of any such exercise, the determination
              of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one Common Share in such Fundamental Transaction, and the Company shall
              apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Shares are given any choice as to the
              securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same

          
            
              

          

          choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental
              Transaction. Notwithstanding anything to the contrary, in the event of a Fundamental Transaction that is (1) an all cash transaction, (2) a "Rule 13e-3 transaction" as defined in Rule 13e-3 under the 1934 Act, or (3) a Fundamental Transaction
              involving a person or entity not traded on a Trading Market the Company or any Successor Entity (as defined below) shall, at the option of the Holder or the Company or any Successor Entity, exercisable at any time concurrently with, or within
              30 days after, the consummation of the Fundamental Transaction, purchase this Warrant from the Holder by paying to the Holder an amount of cash equal to the Black Scholes Value of the remaining unexercised portion of this Warrant on the date
              of the exercise of the option. "Black Scholes Value" means the value of this Warrant based on the Black and Scholes Option Pricing Model obtained from
              the "OV" function on Bloomberg determined as of the day of consummation of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to
              the time between the date of the public announcement of the applicable Fundamental Transaction and the Termination Date, (B) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on
              Bloomberg as of the trading day immediately following the public announcement of the applicable Fundamental Transaction, or, if the Fundamental Transaction is not publicly announced, the date the Fundamental Transaction is consummated, (C)
              the underlying price per share used in such calculation shall be the sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being offered in such Fundamental Transaction and (D) a
              remaining option time equal to the time between the date of the public announcement of the applicable Fundamental Transaction and the Termination Date. The Company shall cause any successor entity in a Fundamental Transaction in which the
              Company is not the survivor (the "Successor Entity") and for which stockholders of the Company received any equity securities of the Successor Entity
              to assume in writing all of the obligations of the Company under this Warrant in accordance with the provisions of this Section 3(e), and to deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a
              written instrument substantially similar in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its parent entity) equivalent to the Common Shares
              acquirable and receivable upon exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and with an exercise price which applies the exercise price hereunder to such
              shares of capital stock (but taking into account the relative value of the Common Shares pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock and such exercise price
              being for the purpose of protecting the economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction). Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and
              be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant and the other Transaction Documents referring to the "Company" shall refer instead to the Successor Entity), and may exercise
              every right and power of the Company and shall assume all of the obligations of the Company under this Warrant and the other Transaction Documents with the same effect as if such Successor Entity had been named as the Company herein.

          (f) Reset of Exercise Price. The Exercise
              Price shall be subject to the same adjustment as set forth under Section 2(e) of the Class B Warrant Agreement of the Company.  If, on the seven-month anniversary of the Issuance Date, the Reset Price, as defined below, is less than the
              Exercise Price at such time, the Exercise Price shall be decreased to the Reset Price. "Reset Price" shall mean the greater of $1.00 and 120% of the
              last VWAP immediately preceding the seven-month anniversary of the Issuance Date.

          (g) Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest whole share, as the case may be. For purposes of this Section 3, the number of Common Shares
                deemed to be issued and outstanding as of a given date shall be the sum of the number of Common Shares (excluding treasury shares, if any) issued and outstanding.

          (h) Notice to Holder.

          (i) Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly mail to the Holder a notice setting forth the Exercise
                Price after such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

          (ii) Notice to Allow Exercise by Holder.
              If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the Common Shares, (B) the Company shall declare a special nonrecurring

           

            

          
            
              

          

          cash dividend on or a redemption of the Common Shares, (C) the Company shall authorize the granting to all holders
              of the Common Shares rights or warrants to subscribe for or purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required in connection with any reclassification of
              the Common Shares, any consolidation or merger to which the Company is a party, any sale or transfer of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Shares are converted into other
              securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the Company shall cause to be mailed to the Holder at its
              last address as it shall appear upon the Warrant Register of the Company, at least 10 business days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the
              purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Shares of record to be entitled to such dividend, distributions, redemption, rights or
              warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common
              Shares of record shall be entitled to exchange their Common Shares for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to mail such
              notice or any defect therein or in the mailing thereof shall not affect the validity of the corporate action required to be specified in such notice. To the extent that any notice provided hereunder constitutes, or contains, material,
              non-public information regarding the Company, the Company shall simultaneously file such notice with the Commission pursuant to a Form 6-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the date of
              such notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

          Section 4. Transfer of Warrant.

          (a) Transferability. This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant at
                the principal office of the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any
                transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the
                denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. The Warrant, if
                properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued. Neither this Warrant nor any Warrant Shares issued upon exercise of this Warrant shall be
                sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period
                of 180 days immediately following the date of effectiveness or commencement of sales of the offering pursuant to which this Warrant is being issued, except the transfer of any security:

          (i) by operation of law or by reason of
                reorganization of the Company;

          (ii) to any FINRA member firm participating in the
                offering and the officers or partners thereof, if all securities so transferred remain subject to the lock-up restriction in this Section 4(a) for the remainder of the time period; or

          (iii) the exercise or conversion of any security, if
                all securities received remain subject to the lock-up restriction in this Section 4(a) for the remainder of the time period.

          (b) New Warrants. This Warrant may be
              divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its
              agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to
              be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares
              issuable pursuant thereto.

           

            

          
            
              

          

          (c) Warrant Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the "Warrant Register"), in the name of the record Holder hereof from time to time. The Company may deem and treat the
                registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

          Section 5. Registration Rights. To the extent the Company does not maintain an effective registration statement for the Warrant Shares
                and in the further event that the Company files a registration statement with the Securities and Exchange Commission covering the sale of its Common Shares (other than a registration statement on Form F-4 or F-8, or on another form, or in
                another context, in which such "piggyback" registration would be inappropriate), then, for a period of seven (7) years from the effective date of the Registration Statement, the Company shall give written notice of such proposed filing to
                the Holder as soon as practicable but in no event less than ten (10) days before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of
                distribution, and the name of the proposed managing underwriter or underwriters, if any, of the offering, and offer to the Holder in such notice the opportunity to register the sale of such number of shares of Warrant Shares as such Holder
                may request in writing within five (5) days following receipt of such notice (a "Piggyback Registration"). The Company shall cause such Warrant Shares to be included in such registration and shall use its reasonable best efforts to cause the managing underwriter or
                underwriters of a proposed underwritten offering to permit the Warrant Shares requested to be included in a Piggyback Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other
                disposition of such Warrant Shares in accordance with the intended method(s) of distribution thereof. All Holders proposing to distribute their securities through a Piggyback Registration that involves an underwriter or underwriters shall
                enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such Piggyback Registration. Furthermore, each Holder must provide such information as reasonably requested by the Company (which
                information shall be limited to that which is required for disclosure under the 1933 Act and the forms, rules and regulations promulgated thereunder) to be included in the registration statement timely or the Company may elect to exclude
                such Holder from the registration statement. In addition, to the extent the Company does not maintain an effective registration statement for the Warrant Shares, for a period of five (5) years from the effective date of the Registration
                Statement, the Holder shall be entitled to (a) one (1) demand right for the registration of the Warrant Shares at the Company's expense (other than any underwriting discounts, selling commissions, share transfer taxes applicable to the sale
                of the Warrant Shares, and fees and disbursements of counsel for the Holder) and (b) one (1) additional demand right for the registration of the Warrant Shares at the Holder's expense (each, a "Demand Registration"). In the event of a Demand Registration, the Company shall use
                its reasonable best efforts to register the applicable Warrant Shares. All Holders of Warrant Shares proposing to distribute their securities through a Demand Registration that involves an underwriter or underwriters shall enter into an
                underwriting agreement in customary form with the underwriter or underwriters selected for such Demand Registration. Furthermore, each Holder must provide such information as reasonably requested by the Company (which information shall be
                limited to that which is required for disclosure under the 1933 Act and the forms, rules and regulations promulgated thereunder) to be included in the registration statement timely or the Company may elect to exclude such Holder from the
                registration statement. Notwithstanding the foregoing, the registration rights described in this Section 5 shall be subject to limitations imposed by the Commission's rules or comments of the Commission staff in connection with its review
                of the registration statement for any such resale registration. Moreover, notwithstanding the foregoing registration obligations of the Company, if the Company furnishes to the Holders requesting a Demand Registration a certificate signed
                by the Company's chief executive officer stating that in the good faith judgment of the Company's Board of Directors it would be materially detrimental to the Company and its shareholders for a registration statement to either become
                effective or remain effective for as long as such registration statement otherwise would be required to remain effective, because such action would (i) materially interfere with a significant acquisition, corporate reorganization, or other
                similar transaction involving the Company; (ii) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential; or (iii) render the Company unable to comply with
                requirements under the 1933 Act or 1934 Act, then the Company shall have the right to defer taking action with respect to such Demand Registration or withdraw a related registration statement for a period of not more than forty-five (45)
                calendar days; provided, however, that the Company may not invoke this right more than twice in any twelve (12) month period or during the twelve (12) month period prior to the Termination Date.

           

              

          
            
              

          

          Section 6. Miscellaneous.

          (a) No Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividend rights or other rights as a stockholder of the Company prior to the exercise hereof as set
                forth in Section 2(d)(i), except as expressly set forth in Section 3.

          (b) Loss, Theft, Destruction or Mutilation of
                  Warrant. The Company covenants that upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or
                mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of the Warrant, shall not include the
                posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of
                such Warrant or stock certificate.

          (c) Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a business day, then, such action may
                be taken or such right may be exercised on the next succeeding business day.

          (d) Authorized Shares.

          (i) The Company covenants that, during the period the
                Warrant is outstanding, it will reserve from its authorized and unissued Common Shares a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant. The Company
                further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of executing stock certificates to execute and issue the necessary Warrant Shares upon the exercise of the
                purchase rights under this Warrant. The Company will take all such commercially reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law or regulation,
                or of any requirements of the Trading Market upon which the Common Shares may be listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon
                exercise of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by
                the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

          (ii) Except and to the extent as waived or consented
                to by the Holder, the Company shall not by any action, including, without limitation, amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of
                securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all
                such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any
                Warrant Shares above the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully
                paid and nonassessable Warrant Shares upon the exercise of this Warrant and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof, as
                may be, necessary to enable the Company to perform its obligations under this Warrant.

          (iii) Before taking any action which would result in an
                adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public
                regulatory body or bodies having jurisdiction thereof.

          (e) Jurisdiction. All questions
              concerning the construction, validity, enforcement and interpretation of this Warrant shall be determined in accordance with the laws of the State of New York, without regard to conflict of laws principles, and federal or state courts sitting
              in the State of New York shall have exclusive jurisdiction over matters arising out of this Warrant.

           

            

          
            
              

          

          (f) Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does not utilize cashless exercise, will have restrictions
                upon resale imposed by state and federal securities laws.

          (g) Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as a waiver of such right or otherwise prejudice the
                Holder's rights, powers or remedies. Without limiting any other provision of this Warrant or the Agreement, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material damages to
                the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including, but not limited to, reasonable attorneys' fees, including those of appellate proceedings, incurred by the Holder
                in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

          (h) Notices. Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Agreement.

          (i) Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the
                rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the
                Company.

          (j) Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific performance of its rights under this Warrant. The
                Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense in any action for specific
                performance that a remedy at law would be adequate.

          (k) Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the benefit of and be binding upon the successors
                and permitted assigns of the Company and the successors and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable by the
                Holder or holder of this Warrant.

          (l) Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

          (m) Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Warrant shall be
                prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Warrant.

          (n) Headings. The headings used in this
              Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of this Warrant.

           

            

          ********************

        

      

    

     

      

    
      
        

    

    

    

    IN WITNESS WHEREOF, the Company has caused this Representative's Warrant to be
        executed by its officer thereunto duly authorized as of the date first above indicated.

    

    

    	
             

          	
            SEANERGY MARITIME HOLDINGS CORP.

          	 
	
             

          	
             

          	 
	
             

          	
             

          	 
	
             

          	
            By:

          	
             /s/ Stamatios Tsantanis

          	 
	
             

          	
             

          	
            Name: Stamatios Tsantanis

          	 
	
             

          	
             

          	
            Title: Chief Executive Officer

          	 

    

    

    

    

    

    

    
      
        

    

    

    

    NOTICE OF EXERCISE

    TO: SEANERGY MARITIME HOLDINGS CORP.

    (1) The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant, dated
        _______, 2019, and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

    (2) Payment shall take the form of (check applicable box):

    ☐  in lawful money of
        the United States by wire transfer or cashier's check drawn on a United States bank; or

    ☐  if permitted by the
        terms of the Warrant, the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant
        to the cashless exercise procedure set forth in subsection 2(c).

    (3) Please issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

     

      

    	
             

          	
             

          	
             

          

    

    

    The Warrant Shares shall be delivered to the following DWAC Account Number:

     

      

    	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          

    

    

    [SIGNATURE OF HOLDER]

    

    

    	
            Name of Investing Entity:

          	
             

          

    

    

    

    

    	
            Signature of Authorized Signatory of Investing Entity:

          	
             

          

    

    

    	
            Name of Authorized Signatory:

          	
             

          

    

    

    	
            Title of Authorized Signatory:

          	
             

          

    

    

    	
            Date:

          	
             

          

    

        

        

    
      
        

    

    

    

    ASSIGNMENT FORM

    (To assign the foregoing warrant, execute 

        this form and supply required information.

        Do not use this form to exercise the warrant.)

    FOR VALUE RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and
        all rights evidenced thereby are hereby assigned to _______________________________________________ whose address is _______________________________________________________________.

    Date: ______________

    

    

    	
             

          	
            Holder's Signature:

          	
             

          	 
	
             

          	
             

          	
             

          	 
	
             

          	
            Holder's Address:

          	
             

          	 
	
             

          	
             

          	
             

          	 
	
             

          	 	
             

          	 
	
             

          	 	
             

          	 

    

    

    NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of
        the Warrant, without alteration or enlargement or any change whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of
        authority to assign the foregoing Warrant.Exhibit 4.4

  SECURITIES PURCHASE AGREEMENT

      

      

      

      

      by and between

      

      

      

      

      SEANERGY MARITIME HOLDINGS CORP.

  as Seller

  

      

      

      

      and

      

      

      

      

      JELCO DELTA HOLDING CORP.

  as Purchaser

  

  

  

  

  

  

  

  

  

  

  

  

  Dated as of May 9, 2019

  

  

  
    
      

  

  TABLE OF CONTENTS

  PAGE

  	
          ARTICLE I

        	
          DEFINITIONS

           

            

        	
          1

        
	
              Section 1.01

        	
              Definitions

           

            

        	
          1

        
	
          ARTICLE II

        	
          SALE AND PURCHASE OF UNITS

           

            

        	 3

        
	
              Section 2.01

        	
              Sale and Purchase

        	
          3

        
	
              Section 2.02

        	
              Consideration

        	
          3

        
	
              Section 2.03

        	
              Time and Place of Closing

        	
          3

        
	
              Section 2.04

        	
              Closing Payments and Delivery of Units

           

            

        	
          3

        
	
          ARTICLE III

        	
          CONDITION TO CLOSING

           

            

        	
          3

        
	
              Section 3.01

        	
              Mutual Conditions

        	
          3

        
	
              Section 3.02

        	
              Company's Conditions

        	
          4

        
	    Section 3.03

        	
              Purchaser's Conditions

          

           

          

        	4

        
	
          ARTICLE IV

        	
          REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF THE COMPANY

           

            

        	
          5

        
	
              Section 4.01

        	
              Organization

        	
          5

        
	
              Section 4.02

        	
              Authorization; Enforcement

        	
          5

        
	
              Section 4.03

        	
              No Conflicts

           

            

        	
          5

        
	
          ARTICLE V

        	
          REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF THE PURCHASER

           

            

        	
          6

        
	
              Section 5.01

        	
              Organization

        	
          6

        
	
              Section 5.02

        	
              Authorization; Enforcement

        	
          6

        
	
              Section 5.03

        	
              No Conflicts

        	
          6

        
	
              Section 5.04

        	
              Investment Representations

           

            

        	
          6

        
	
          ARTICLE VI

        	
          OTHER AGREEMENTS

           

            

        	
          8

        
	
              Section 6.01

        	
              Waiver; Amendments to Loan Facilities.

        	
          8

        
	
              Section 6.02

        	
              Legend

        	
          8

        
	
              Section 6.03

        	
              Indemnification by the Purchaser

        	
          8

        
	
              Section 6.04

        	
              Disclosure

        	
          9

        
	
              Section 6.05

        	
              Public Announcements

        	
          9

        
	
              Section 6.06

        	
              Expenses

        	
          9

        
	
              Section 6.07

        	
              Sales and Transfer Taxes

           

            

        	
          9

        
	
          ARTICLE VII

        	
          MISCELLANEOUS

           

            

        	
          9

        
	
              Section 7.01

        	
              Notices

        	
          9

        
	
              Section 7.02

        	
              Survival

        	
          10

        
	
              Section 7.03

        	
              Further Assurances

        	 10

        
	
              Section 7.04

        	
              Successors and Assigns

        	
          10

        
	
              Section 7.05

        	
              Entire Agreement

        	
          10

        
	
              Section 7.06

        	
              Amendments and Waivers

        	
          10

        
	
              Section 7.07

        	
              Governing Law

        	
          10

        
	
              Section 7.08

        	
              Submission to Jurisdiction

        	
          10

        
	
              Section 7.09

        	
              Waiver of Jury Trial

        	
          10

        
	
              Section 7.10

        	
              Captions; Counterparts, Execution

        	
          10

        

  

  

  

  

  
    
      

  

  
  SECURITIES PURCHASE
          AGREEMENT

  THIS SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of May 9, 2019, by and among SEANERGY
      MARITIME HOLDINGS CORP., a corporation organized under the laws of the Republic of the Marshall Islands (the "Company" or the "Seller"), and JELCO DELTA HOLDING CORP., a corporation organized under the laws of the Republic of the Marshall Islands
      (the "Purchaser").

  WHEREAS, the Purchaser, is the holder of approximately 37.8% of the total issued share capital of the
      Company and has from time to time made available the Loan Facilities to the Company.

  WHEREAS, in exchange for, among other things, the full and final settlement of unpaid interest and the
      neutralization of the interest rate under the Loan Facilities for the period of April 1, 2019 until December 31, 2019 and the waiver under the Fourth Jelco Loan in particular as set forth herein, the Company desires to issue and sell to the
      Purchaser, and the Purchaser desires to purchase, 1,823,529 units of the Company (including the underlying Securities, the "Units") consisting of (i) one common share, par value $0.0001 per share (a "Common Share") of the Company, (ii) one Class B
      Warrant of the Company to purchase one Common Share (a "Class B Warrant"), and (iii) one Class C Warrant of the Company to purchase one Common Share (a "Class C Warrant" and together with the Common Shares and the Class B Warrants, the "Securities")
      as defined in the Underwriting Agreement, subject to the terms and conditions set forth in this Agreement.

  WHEREAS, the Company has on the date hereof entered into an Underwriting Agreement with Maxim Group LLC
      as underwriter (the "Underwriting Agreement") with respect to the public offering of Units (the "Offering").

  NOW, THEREFORE, in consideration of the mutual covenants herein contained, and for such other good and
      valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows:

  ARTICLE I

      

      DEFINITIONS

  Section 1.01   Definitions.  In this Agreement, unless the context otherwise requires, each term or expression defined in the
      recital of the parties and this clause shall have the meaning given to it in the recital of the parties and in this clause:

  "First Jelco Loan"
      means that certain loan agreement dated October 4, 2016, as amended by amendment no. 1 thereto dated as of November 17, 2016, as amended and restated on November 28, 2016, as supplemented on June 13, 2018, and as further amended and restated on
      February 13, 2019, made by and between the Company and the Purchaser, relating to a facility in the original amount of $12,800,000, with an outstanding principal amount of $5,900,000 as of the date hereof.

  
    1

    
      

  

  

  

  

  

  "First Jelco Note"
      means that certain convertible promissory note dated March 12, 2015, as amended by an amendment no. 1 dated May 14, 2015, as supplemented by a mutual consent dated September 18, 2017, as amended by an amendment no. 2 dated September 18, 2017, and as
      further amended by an amendment no. 3 dated March 26, 2019, made by the Company in favor of the Purchaser, relating to an original amount of $4,000,000, with an outstanding principal amount of $3,800,00 as of the date hereof.

  

  

  "Fourth Jelco Loan"
      means that certain loan agreement dated March 26, 2019 made by and between the Company and the Purchaser, relating to a facility in an amount of $7,000,000, with an outstanding principal amount of $7,000,000 as of the date hereof.

  

  

  "Governmental Authority"
      means any federal, state, local or foreign political subdivision, court, administrative agency, board, bureau, commission or department or other governmental authority or instrumentality.

  

  

  "Intercreditor Deed"
      means that certain agreement dated February 15, 2019, by and between Amsterdam Trade Bank N.V., Jelco Delta Holding Corp., Seanergy Maritime Holdings Corp., Partner Shipping Co. Limited and others.

  

  

  "Jelco Notes" means
      the First Jelco Note, the Second Jelco Note and the Third Jelco Note.

  

  

  "Loan Facilities"
      means the Jelco Notes, the First Jelco Loan, the Second Jelco Loan and the Fourth Jelco Loan.

  

  

  "Registration Rights
        Agreement" means a registration rights agreement with respect to the Common Shares and Series B Warrants (including the underlying Common Shares) in the form attached hereto as Schedule A.

  

  

  "Second Jelco Loan"
      means that certain loan agreement dated May 24, 2017, as amended and supplemented by a supplemental letter dated June 22, 2017, as amended and supplemented by a second supplemental letter dated August 22, 2017, as amended and restated on September
      27, 2017, and as further supplemented by a supplemental agreement dated February 13, 2019, relating to a loan in the original amount of up to $16,200,000, made by and between the Company and the Purchaser with an outstanding principal amount of
      $11,450,000 as of the date hereof.

  

  

  "Second Jelco Note"
      means that certain convertible promissory note dated September 7, 2015, as amended by a first amendment dated December 1, 2015, as amended by a second amendment dated December 14, 2015, as amended by a third amendment dated January 27, 2016, as
      amended by a fourth amendment dated March 7, 2016, as amended by a fifth amendment dated April 21, 2016, as amended by a sixth amendment dated May 17, 2016, as amended by a seventh amendment dated June 16, 2016, as amended by an eighth amendment
      dated March 28, 2017, as supplemented by a mutual consent dated September 8, 2017, as amended by a ninth amendment dated September 27, 2017, as amended by a tenth amendment dated September 1, 2018, and as further amended by an eleventh amendment
      dated March 26, 2019, made by the Company in favor of the Purchaser, relating to an original amount of $6,765,000 that was subsequently raised to $24,665,000, with an outstanding principal amount of $21,165,000 as of the date hereof.

  

  

  "Securities Act"
      means the Securities Act of 1933, as amended.

  

  

  "Senior Lender" means

      Amsterdam Trade Bank N.V.

  

  

  "Third Jelco Note"
      means that certain convertible promissory note dated September 27, 2017, as amended by an amendment dated February 13, 2019, made by the Company in favor of the Purchaser, relating to a loan in the original amount of $13,750,000, with an outstanding
      principal amount of approximately $13,750,000 as of the date hereof.

  

  

  
    2

    
      

  

  

  

  ARTICLE II

      

      SALE AND PURCHASE OF UNITS

  Section 2.01   Sale and Purchase.  Upon the terms and subject to the conditions of this Agreement, the Company hereby agrees to
      issue and sell the Units to the Purchaser, and the Purchaser agrees to purchase the Units from the Company in exchange for the Consideration.

  Section 2.02   Consideration.  The aggregate consideration for the Units shall be paid as follows (the "Consideration"):

  (a)  in exchange for 621,958 Units, the Purchaser shall waive payment of unpaid interest
      accrued, including all default interest applicable thereon, under the Loan Facilities pursuant to Section 6.01(a) hereof; and

  

  

  (b)  in exchange for 1,201,571 Units, the Purchaser shall (i) amend the interest rate
      under each of the Loan Facilities pursuant to Section 6.01(b) hereof, and (ii) waive the prepayment requirement under the Fourth Jelco Loan pursuant to Section 6.01(c) hereof.

  

  

  Section 2.03   Time and Place of Closing.  Upon the terms and subject to satisfaction or waiver of the conditions contained in
      this Agreement, the closing of the transactions contemplated by this Agreement (the "Closing") will take place on a date to be agreed in writing not later than by the close of business on May 17, 2019 at the offices of Seward & Kissel LLP or at
      such other place or time as the parties may agree in writing.  The date on which the Closing occurs is herein referred to as the "Closing Date" and the Closing shall be deemed to have occurred as of the close of business on the Closing Date.

  Section 2.04   Closing Payments and Delivery of Units.  Upon the terms and subject to the satisfaction of the conditions
      contained in this Agreement, at Closing, the Company shall issue and deliver the Units to the Purchaser, and the Consideration shall be deemed paid in full.

  ARTICLE III

      

      CONDITIONS TO CLOSING

  Section 3.01   Mutual Conditions.  The respective obligations of each party to consummate the issuance and sale and the
      purchase of the Units shall be subject to the satisfaction of each of the following conditions (any or all of which may be waived by a particular party on behalf of itself in writing, in whole or in part, to the extent permitted by applicable law):

  (a)  the Company and the Purchaser shall have
      entered into and shall have executed the Registration Rights Agreement;

  (b)  the Company shall have received payment for and
      delivered the Initial Securities, as defined in the Underwriting Agreement;

  
    3

    
      

  

  

  

  (c)  no statute, rule, order, decree or regulation
      shall have been enacted or promulgated, and no action shall have been taken, by any Governmental Authority which temporarily, preliminarily or permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions
      contemplated by this Agreement or makes the transactions contemplated hereby illegal;

  (d)  there shall not be pending any suit, action or
      proceeding by any Governmental Authority or any person seeking to restrain, preclude, enjoin or prohibit the transactions contemplated by this Agreement; and

  (e)  all other consents, authorizations, waivers,
      orders and approvals of, notices to, filings or registrations with and the expiration of all waiting periods imposed by, any third person, including any Governmental Authority, which are required for or in connection with the execution and delivery
      by the parties of this Agreement and the consummation of the transactions contemplated by this Agreement shall have been obtained or made, in form and substance reasonably satisfactory to each of the parties, and shall be in full force and effect.

  Section 3.02   Company's Conditions.  The obligation of the Company to consummate the issuance and sale of the Units to the
      Purchaser shall be subject to the satisfaction of the condition (which may be waived by the Company in writing, in whole or in part, to the extent permitted by applicable law) that the representations and warranties of the Purchaser contained in this
      Agreement shall be true and correct in all material respects at and as of the Closing Date as if made on and as of the Closing Date (except that representations made as of a specific date shall be required to be true and correct as of such date
      only).

  Section 3.03   Purchaser's Conditions. The obligation of the Purchaser to consummate the purchase of the Units shall be subject
      to the satisfaction of each of the following conditions (any or all of which may be waived by the Purchaser in writing, in whole or in part, to the extent permitted by applicable law):

  

  

  (a)  Purchaser's having received the consent of the
      Senior Lender to the transactions contemplated herein pursuant to requirement set forth in the Inter-Creditor Deed; and

  
    (b)  The Offering size being in an aggregate
        amount of gross proceeds of no less than U.S. $12,000,000 or any lesser amount that may be agreed by the Purchaser in writing.

    

      

      

  

  
    4

    
      

  

  

  

  

  ARTICLE IV

      

      REPRESENTATIONS, WARRANTIES AND

      AGREEMENTS OF THE COMPANY

  The Company hereby represents and warrants to, and agrees with, the Purchaser, as of the date hereof and as
      of the Closing Date, as follows:

  Section 4.01   Organization.  The Company is a corporation duly incorporated, validly existing and in good standing under the
      laws of the Republic of the Marshall Islands, with the requisite power and authority to enter into this Agreement and the transactions contemplated hereby.

  Section 4.02   Authorization; Enforcement.  The Company has the requisite corporate power and authority to enter into and to
      consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder.  The execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been
      duly authorized by all necessary corporate action.  No other corporate or other action or proceeding on the part of the Company is necessary to authorize this Agreement or the consummation of the transactions contemplated hereby.  This Agreement has
      been duly executed by the Company and, when delivered, will constitute the valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors' rights generally, (ii) as limited by laws relating to the availability of a specific performance, injunctive relief or
      other equitable remedies or (iii) to the extent the indemnification provisions contained in this Agreement may be limited by applicable federal or state securities laws, public policy and other equitable considerations.

  Section 4.03   No Conflicts.  The execution, delivery and performance of this Agreement by the Company and the consummation by
      the Company of the transactions contemplated hereby do not and will not, (i) conflict with or violate any provision of its Amended and Restated Articles of Incorporation, as amended, or Second Amended and Restated Bylaws, (ii) conflict with, or
      constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any
      contract to which the Company is a party or by which any property or asset of the Company is bound or affected, (iii) result in a violation of any law, rule, statute or regulation to which the Company is subject (including federal and state
      securities laws and regulations) or (iv) result in any violation of any order, judgment, injunction, decree or other restriction of any Governmental Authority to which the Company is subject, or by which any property or asset of the Company is bound
      or affected.

  
    5

    
      

  

  

  

  

  

  ARTICLE V

      

      REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF THE PURCHASER

  The Purchaser hereby represents and warrants to, and agrees with, the Company, as of the date hereof and as
      of the Closing Date, as follows:

  Section 5.01   Organization.  The Purchaser is a corporation duly incorporated, validly existing and in good standing under the
      laws of the Republic of the Marshall Islands, with the requisite power and authority to enter into this Agreement and the transactions contemplated hereby.

  Section 5.02   Authorization; Enforcement.  The Purchaser has the requisite corporate power and authority to enter into and to
      consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder.  The execution and delivery of this Agreement by the Purchaser and the consummation by it of the transactions contemplated by this
      Agreement have been duly authorized by all necessary corporate action.  No other corporate or other action or proceeding on the part of the Purchaser is necessary to authorize this Agreement or the consummation of the transactions contemplated by
      this Agreement.  This Agreement has been duly executed by the Purchaser and when delivered, will constitute the valid and binding obligation of the Purchaser enforceable against it in accordance with its terms, except: (i) as may be limited by
      applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors' rights generally; (ii) as limited by laws relating to the availability of specific
      performance, injunctive relief or other equitable remedies; or (iii) to the extent the indemnification provisions contained in this Agreement may be limited by applicable federal or state securities laws, public policy and other equitable
      considerations.

  Section 5.03   No Conflicts.  Subject to the Senior Lender's consent as set forth in Section 3.03, the execution, delivery and
      performance of this Agreement by the Purchaser and the consummation of the transactions contemplated hereby do not and will not: (i) conflict with or violate any provision of its articles of incorporation, bylaws or other charter documents; (ii)
      conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time
      or both) of, any contract to which the Purchaser is a party; (iii) result in a violation of any law, rule, statute or regulation to which the Purchaser is subject (including federal and state securities laws and regulations); or (iv) result in any
      violation of any order, judgment, injunction, decree or other restriction of any Governmental Authority to which the Purchaser is subject, or by which any respective property or asset of the Purchaser is bound or affected.

  Section 5.04   Investment Representations.

  (a)  Investment Intent.  The Purchaser is acquiring the Units for its own account, for investment purposes only and not with a view to or for distributing or reselling the Units or any part thereof,
      without prejudice, however, to the Purchaser's right at all times to sell or otherwise dispose of all or any part of the Units in compliance with applicable federal and state securities laws.  The Purchaser does not have any agreement or
      understanding, directly or indirectly, with any person to distribute any of the Units.

  
    6

    
      

  

  

  

  (b)  Affiliate of the Company.  The Purchaser is an "affiliate" of the Company (as defined in Rule 144 under the Securities Act) or acting on behalf of such an affiliate and agrees that it shall not
      resell, transfer, pledge, hypothecate or otherwise dispose of any Units except as shall be permitted under all applicable laws, rules and regulations and in accordance with the provisions of Section 5.04(g) below.  In addition, the Purchaser
      understands that none of the Units may be pledged unless: (i) the Units have been registered under the Securities Act and any applicable state securities law or (ii) the Company has received an opinion of counsel satisfactory to the Company and its
      counsel that such pledge is exempt from, or not subject to, such registration.

  (c)  General Solicitation.  The Purchaser is not purchasing the Units as a result of any advertisement, article, notice or other communication regarding the Units published in any newspaper, magazine or
      similar media or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.

  (d)  Access to Information.  The Purchaser acknowledges that it has had the opportunity to review this Agreement and has been afforded: (i) the reasonable opportunity to ask such questions as it has deemed
      necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the Units and the merits and risks of investing in the Units; (ii) reasonable access to information about the Company and its financial
      condition, results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire without
      unreasonable effort or expense that is necessary to make an informed investment decision with respect to the transactions contemplated hereby.

  (e)  Independent Investment Decision.  The Purchaser has independently evaluated the merits of its decision to acquire the Units pursuant to this Agreement, such decision has been independently made by the
      Purchaser and the Purchaser confirms that it has only relied on the advice of its own counsel and not on the advice of the Company or its counsel in making such decision.

  (f)  Reliance upon Representation and Warranties.  The Purchaser understands that the Units are being offered and sold to the Purchaser in reliance on exemptions from the registration requirements of
      United States federal and state securities laws, and that the Company is relying upon the truth and accuracy of, and the compliance by the Purchaser with, the representations, warranties and agreements of the Purchaser set forth herein in order to
      determine the availability of such exemptions and the eligibility of the Purchaser to acquire the Units.

  (g)  Unregistered Securities.  The Purchaser understands that: (a) none of the Units have been registered under the Securities Act or any state securities laws, and may not be offered for sale, sold,
      assigned or transferred, unless: (A) subsequently registered thereunder pursuant to the Registration Rights Agreement or (B) sold in reliance on an exemption therefrom, provided that the Company shall receive an opinion of counsel satisfactory to the
      Company and its counsel that such registration is not required; and (b) except as shall be provided under the Registration Rights Agreement, neither the Company nor any other person is under any obligation to register the Units under the Securities
      Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder.

  
    7

    
      

  

  

  

  ARTICLE VI

      

      OTHER AGREEMENTS

  Section 6.01
      Waiver; Amendments to Loan Facilities.

  (a)  The Purchaser hereby agrees that all unpaid
      interest accrued under each of the Loan Facilities through March 31, 2019, including all default interest accrued thereunder as a result of such unpaid interest, in an aggregate amount of $2,114,659, is hereby deemed paid in full.

  (b)  The Purchaser and the Company hereby agree that
      for the period between April 1, 2019 and December 31, 2019, the interest rate under each of the Loan Facilities shall be fixed at 0% per annum, resulting in a reduction of interest payments in an aggregate estimated amount of $3,846,234 for the
      period between April 1, 2019 and December 31, 2019.  The Purchaser and the Company shall enter into an amendment to each Loan Facility evidencing the fixed interest rate for such period.

  (c)  The Purchaser hereby waives the mandatory prepayment requirement under clause 5 of
      the Fourth Jelco Loan in its entirety in connection with the Offering.

  

  

  Section 6.02
      Legend

          (a) The Purchaser hereby acknowledges and agrees that the certificates representing the Units, the Common Shares and the Class B Warrants (including the underlying Common Shares) will
    bear the following legend: 
  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS
      COUNSEL THAT SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION.

  Section 6.03   Indemnification by the Purchaser.  The Purchaser agrees to indemnify the Company and its officers, directors, employees, agents, counsel, accountants, and other representatives from, and hold each of them harmless against, any and all losses, actions, suits,
      proceedings (including any investigations, litigation or inquiries), demands, and causes of action, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, liabilities, damages, or expenses of any kind or nature
      whatsoever, including, without limitation, the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by them or
      asserted against or involve any of them as a result of, arising out of, or in any way related to a material breach of any of the representations, warranties or covenants of the Purchaser contained herein; provided that the liability of the Purchaser
      shall not be in an amount greater than One Million Two Hundred Thousand United States Dollars (U.S. $1,200,000), and the Purchaser shall not have any indemnification obligations hereunder for losses directly caused by the Company's gross negligence
      or willful misconduct.

  
    8

    
      

  

  

  

  Section 6.04   Disclosure.  Disclosure to the public or to any third party of the existence or terms of this Agreement and
      the transactions contemplated hereby and any other information relating to any party hereto shall be at the sole and complete discretion of the Company.  The Purchaser acknowledges that the Company will file this Agreement with the U.S. Securities
      and Exchange Commission as an exhibit to a Report on Form 6-K.

  Section 6.05   Public Announcements.  The issuance of any press release or any other public statement thereafter with
      respect to this Agreement and the transactions contemplated hereby shall be at the Company's sole and complete discretion.

  Section 6.06   Expenses.  Except as otherwise provided herein, the Company and Purchaser shall each bear their own costs
      and expenses incurred in connection with this Agreement and the transactions contemplated hereby.

  Section 6.07   Sales and Transfer Taxes.  All sales and transfer taxes (including all stock transfer taxes, if any) incurred in
      connection with this Agreement and the transactions contemplated hereby will be borne by the Company, and the Company will, at its own expense, file all necessary tax returns and other documentation with respect to all such sales and transfer taxes,
      and, if required by applicable law, the Purchaser will join in the execution of any such tax returns or other documentation.

  ARTICLE VII

      

      MISCELLANEOUS

  Section 7.01   Notices.  All notices, requests, consents and other communications under this Agreement shall be in writing
      and shall be deemed delivered (i) upon delivery when delivered personally, (ii) upon receipt if by facsimile transmission (with confirmation of receipt thereof), or (iii) one business day after being sent via a reputable nationwide overnight courier
      service guaranteeing next business day delivery, in each case to the intended recipient as set forth below:

  If to the Company:

  154 Vouliagmenis Avenue

  16674 Glyfada

  Athens Greece

  Attention: Chief Executive Officer

  Facsimile: +30 210 9638404

  

  

  With a
        copy (which shall not constitute notice) to:

  Seward & Kissel LLP

      One Battery Park Plaza

      New York, New York 10004

      Attention:  Gary J. Wolfe

      Facsimile: +1 212 480-8421

  If to the Purchaser:

  c/o Western Isles

  Jardine House

  P.O. Box NM 1431

  Hamilton NM FX

  Bermuda

  Attention: Alastair Macdonald

  Facsimile: +1441 (296) 0329

  

  

  Any party may change the address to which notices, requests, consents or other communications hereunder are to be delivered
      by giving the other parties notice in the manner set forth in this Section 7.01.

  
    9

    
      

  

  

  

  Section 7.02   Survival.  Each and every representation, warranty, covenant and agreement contained in this Agreement, including the waivers under Section
      6.01, or in any document delivered pursuant to or in connection with this Agreement shall survive the Closing indefinitely.

  Section 7.03   Further Assurances.  Each party agrees that it will execute and deliver, or cause to be executed and delivered, on or after the date of
      this Agreement, all such other documents and instruments as are reasonably required for the performance of such party's obligations hereunder and will take all commercially reasonable actions as may be necessary to consummate the transactions
      contemplated hereby and to effectuate the provisions and purposes hereof.

  Section 7.04   Successors and Assigns.  This Agreement shall be binding upon, inure to the benefit of and be enforceable by the parties hereto and
      their respective successors and assigns; provided, that none of the parties hereto may assign any of its obligations hereunder without the prior written consent of the other party.

  Section 7.05   Entire Agreement.  This Agreement constitutes the entire agreement by the parties hereto and supersedes any other agreement, whether
      written or oral, that may have been made or entered into between them relating to the matters contemplated hereby.

  Section 7.06   Amendments and Waivers.  This Agreement may be amended, modified, superseded, or canceled, and any of the terms, representations,
      warranties or covenants hereof may be waived, only by written instrument executed by both of the parties hereto or, in the case of a waiver, by the party waiving compliance.

  Section 7.07GG  Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to
      conflicts of laws principles.

  Section 7.08   Submission to Jurisdiction.  Any legal action or proceeding in connection with this Agreement or the performance hereof may be
      brought in the state and federal courts located in the Borough of Manhattan, City, County and State of New York, and the parties hereby irrevocably submit to the non-exclusive jurisdiction of such courts for the purpose of any such action or
      proceeding.

  Section 7.09 WW  Waiver of Jury Trial.  The parties hereby irrevocably waive trial by jury in any action, proceeding or claim brought by any party hereto
      or beneficiary hereof on any matter whatsoever arising out of or in any way connected with this Agreement.

  Section 7.10 CaC  Captions; Counterparts, Execution.  The captions in this Agreement are for convenience only and shall not be considered a part of or
      affect the construction or interpretation of any provision of this Agreement.  This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 
      All such counterparts may be delivered between the parties hereto by facsimile or other electronic transmission, which shall not affect the validity thereof.

  [Signature Page Follows]

  
    10

    
      

  

  IN WITNESS WHEREOF, the Company and the Purchaser have caused this Agreement to be duly executed as of the
      date first above written.

  	 	
          SEANERGY MARITIME HOLDINGS CORP.

        	 
	 	 	 	 
	 	
          By:

        	
          /s/Stamatios Tsantanis

        	 
	 	 	
          Name: Stamatios Tsantanis

          Title:  Chairman & Chief Executive Officer

        	 
	 	 	 
	 	 	 
	 	
          JELCO DELTA HOLDING CORP.

        	 
	 	 	 
	 	 	 	 
	 	
          By:

        	
          /s/Alastair B. Macdonald

        	 
	 	 	
          Name: Alastair B. Macdonald

          Title:  Director

        	 

  

  

  

  

  
    11

    
      

  

  Schedule A

  

  

  

  

  

  

  Form
    of Registration Rights Agreement

  

  
    
      REGISTRATION RIGHTS AGREEMENT

      This Registration Rights Agreement (this "Agreement") is made and entered into effective as of May 9, 2019, by and among Seanergy Maritime Holdings Corp., a Marshall Islands corporation (the "Company"), and the investor signatory hereto (the "Investor").

      RECITALS

      A. The Company and the Investor, the holder of approximately 37.8% of the total issued share capital of the Company, are entering into a securities purchase agreement (the "Securities Purchase Agreement"), pursuant to which the Company shall agree to issue and sell to the Investor 1,823,529 units of the Company
          (including the underlying Securities, the "Units") consisting of (i) one common share, par value $0.0001 per share (a "Common Share") of the Company, (ii) one Class B Warrant of the Company to purchase one Common Share (a "Class B Warrant"), and (iii) one Class C Warrant of the Company to purchase one Common Share (a "Class C
            Warrant") to the Investor.

      B. The issuance and sale of the Units will be made by the Company pursuant to an exemption from the registration requirements of the Securities Act.

      C. Under the Securities Purchase Agreement, the respective obligations of each party thereto to consummate the issuance and sale and the purchase of the Units are subject to,
          inter alia, the Company and each of the Investors entering into and executing this Agreement.

      NOW,
            THEREFORE, in consideration of the foregoing recitals and the mutual representations, warranties, covenants and promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
          acknowledged, the parties hereto agree as follows:

      1. Definitions. As used in this Agreement, the following terms shall
          have the following meanings:

      "Advice"
          shall have the meaning set forth in Section 6(b).

      "Agreement"
          shall have the meaning set forth in the preamble above.

      "Availability

            Date" shall have the meaning set forth in Section 3(j).

      "Business
            Day" means any day except Saturday, Sunday and any day which shall be a federal legal holiday or a day on which banking institutions in the State of New York, London, England or Athens, Greece are authorized or required by law or other
          governmental action to close.

      "Class B
            Warrants" shall have the meaning set forth in the recitals above.

      "Class C
            Warrants" shall have the meaning set forth in the recitals above.

      
        12

        
          

      

       

        

      "Company
            Registration Statement" shall have the meaning set forth in Section 2(b).

      "Commission" means the U.S. Securities and Exchange Commission.

      "Common
            Share" shall have the meaning set forth in the recitals above.

      "Demand"
          shall have the meaning set forth in Section 2(a).

      "Demand
            Registration" shall have the meaning set forth in Section 2(a).

      "Effectiveness

            Period" shall have the meaning set forth in Section 2(a).

      "Exchange
            Act" means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

      "Filing
            Date" shall have the meaning set forth in Section 2(a).

      "Holder"
          means the holder, from time to time of Registrable Securities.

      "Indemnified

            Party" shall have the meaning set forth in Section 5(c).

      "Indemnifying

            Party" shall have the meaning set forth in Section 5(c).

      "Investor"
          shall have the meaning set forth in the preamble.

      "Losses"
          shall have the meaning set forth in Section 5(a).

      "Piggyback

            Registration" shall have the meaning set forth in Section 2(b).

      "Plan of
            Distribution" shall have the meaning set forth in Section 2(a).

      "Proceeding"
          means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding, such as a deposition), whether commenced or threatened.

      "Prospectus"
          means the prospectus included in the Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule
          430A promulgated under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by the Registration Statement, and all other
          amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus.

      "Registrable

            Securities" means the Common Shares, the Class B Warrants and any Common Shares issuable upon exercise of the Class B Warrants or the Class C Warrants, issued and outstanding at the time of any Demand together with any securities issued
          or issuable upon any exchange, stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities
          when (i) a Registration Statement covering such securities has been declared effective by the Commission and such securities have been disposed of pursuant to such effective Registration Statement, (ii) such securities are sold under
          circumstances in which all of the applicable conditions of Rule 144 (or any similar provisions then in force) under the Securities Act are met, (iii) such securities are otherwise transferred and such securities may be resold without subsequent
          registration under the Securities Act, or (iv) such securities shall have ceased to be outstanding.

      
        13

        
          

      

      "Registration

            Statement" means each registration statement required to be filed hereunder (including a registration statement registering for sale any Registrable Securities pursuant to a Piggyback Registration), including the Prospectus, amendments
          and supplements to the registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in the Registration Statement.

      "Rule 415"
          means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

      "Rule 424"
          means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

      "Securities

            Act" means the Securities Act of 1933, as amended.

      "Suspension

            Certificate" shall have the meaning set forth in Section 6(d).

      "Third
            Party" shall have the meaning set forth in Section 2(b).

      "Third-Party

            Registration Statement" shall have the meaning set forth in Section 2(b).

      "Trading
            Market" means the New York Stock Exchange, the American Stock Exchange, the NASDAQ Global Market or the NASDAQ Capital Market; and, with respect to any particular date, shall mean the Trading Market on which the Common Stock is listed or
          quoted for trading on such date.

      "Units"
          shall have the meaning set forth in the recitals above.

      
        
          	

                	2.	
                  Registration.

                

        

      

      (a) Demand Registration.  On or prior to the date (the "Filing Date") which is forty-five (45) days after the date on which a request (a "Demand") is given by a Holder to the Company, the Company shall prepare and file with the Commission a Registration Statement pursuant to Rule 415 covering the offering and resale of all or any portion of the Registrable
          Securities not already covered by an existing and effective Registration Statement and representing not less than 5,000,000 Common Shares or Common Shares having an aggregate market value of at least $5,000,000, or if Rule 415 is not available
          for offers or sales of the Registrable Securities, for such other means of distribution of Registrable Securities as the Holder may reasonably request (or, at the Holder's option to delay such registration) (a "Demand Registration"). The Registration Statement required hereunder shall be on Form S-3 or Form F-3, as applicable (except if the Company is not then eligible to
          register for resale the Registrable Securities on Form S-3 or Form F-3, in which case the Registration shall be on Form S-1 or F-1 or another appropriate form as shall be selected by the Company upon advice of its counsel). The Registration
          Statement required hereunder shall contain (except if otherwise directed by the Holder) a section substantially similar to the "Plan of Distribution"
          attached hereto as Annex A. The Company shall use its reasonable best efforts to cause the Registration Statement to be declared
          effective under the Securities Act as promptly as possible after the filing thereof, but no later than 120 days following the filing thereof (the "Effectiveness

            Date"), and shall use its reasonable best efforts to keep such Registration Statement continuously effective under the Securities Act (including the filing of any necessary amendments, post-effective amendments and supplements) until all
          Registrable Securities covered under such Registration Statement have been disposed of pursuant to such Registration Statement or have otherwise ceased to be Registrable Securities (the "Effectiveness Period").

      (b)              Piggy-Back

              Registration.  (i) If, after the date hereof, the Company at any time proposes to file a registration statement on Form F-1, F-3 or otherwise, with respect to any offering of its equity securities for its own account (a "Company Registration Statement"), or for the account of any other Persons (any such Person, a "Third Party" and any such registration statement, a "Third-Party Registration Statement")

          (other than (A) a registration under Section 2(a), (B) a registration statement on Form F-4 or S-8 (or such other similar successor forms then in effect under the Securities Act), (C) a registration of securities solely relating to an offering
          and sale to employees, directors or consultants of the Company or its subsidiaries pursuant to any employee stock plan or other employee benefit plan arrangement, (D) a registration not otherwise covered by clause (B) above pursuant to which the
          Company is offering to exchange its own securities for other securities, (E) a registration statement relating solely to dividend reinvestment or similar plans or (F) a shelf registration statement pursuant to which only the initial purchasers
          and subsequent transferees of debt securities of the Company or any of its subsidiaries that are convertible or exchangeable for Common Shares and that are initially issued pursuant to Rule 144A and/or Regulation S (or any successor provisions)
          of the Securities Act may resell such notes and sell the Common Shares into which such notes may be converted or exchanged), then, as soon as practicable (but in no event less than 10 days prior to the proposed date of filing of such registration
          statement), the Company shall give written notice of such proposed filing to each Holder, and such notice shall offer each Holder the opportunity to register under such registration statement such number of Registrable Securities as such Holder
          may request in writing delivered to the Company within ten (10) days of delivery of such written notice by the Company to such Holder.  Subject to Sections 2(b), (c) and (d), the Company shall include in such registration statement all such
          Registrable Securities that are requested by Holders to be included therein in compliance with the immediately foregoing sentence (a "Piggyback
            Registration"); provided, that if at any time after giving written notice of its intention to register any equity securities and prior to the
          effective date of the registration statement filed in connection with such Piggyback Registration, the Company shall determine for any reason not to register or to delay registration of the equity securities covered by such Piggyback
          Registration, the Company shall give written notice of such determination to each Holder that had requested to register its, his or her Registrable Securities in such registration statement and, thereupon, (1) in the case of a determination not
          to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration (but not from its obligation to pay the Registration Expenses in connection therewith, to the extent payable) and (2) in
          the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering the other equity securities covered by such Piggyback Registration.  If the
          offering pursuant to such registration statement is to be underwritten, the Company shall so advise the Holders as a part of the written notice given pursuant this Section 2(b), and each Holder making a request for a Piggyback Registration
          pursuant to this Section 2(b) must, and the Company shall make such arrangements with the managing underwriter or underwriters so that each such Holder may, participate in such underwritten offering, subject to the conditions of Sections 2(b) and
          (c).  If the offering pursuant to such registration statement is to be on any other basis, the Company shall so advise the Holders as part of the written notice given pursuant to this Section 2(b), and each Holder making a request for a Piggyback
          Registration pursuant to this Section 2(b) must, and the Company shall make such arrangements so that each such Holder may, participate in such offering on such basis, subject to the conditions of Sections 2(b) and (c).  If, as a result of
          applicable law or based upon comments received by the Commission, all of the Registrable Securities to be included in the Registration Statement cannot be so included, then the Company shall only include in the Registration Statement the number
          of Registrable Securities permitted to be so included (allocated pro rata among the Holders and any other Persons that have requested to
          participate in such Registration Statement based on the relative number of such registrable securities then held by each such Holder and such other Persons).  Each Holder shall be permitted to withdraw all or part of its Registrable Securities
          from a Piggyback Registration at any time prior to the effectiveness of such registration statement; provided, however, that except as set forth above, if a Holder voluntarily withdraws all of its Registrable Securities from a Piggyback Registration, the Company shall not be liable for any Registration
          Expenses incurred by such Holder and such Holder shall promptly reimburse the Company for any such amounts received from the Company.

       

        

      
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      (c) Priority of Piggyback Registration.  If the managing underwriter or underwriters of
          any proposed underwritten offering of Registrable Securities included in a Piggyback Registration to a Company Registration Statement informs the Company and the Holders that have requested to participate in such Piggyback Registration in writing
          that, in its or their opinion, the number of securities which such Holders and any other Persons intend to include in such offering exceeds the number which can be sold in such offering without being likely to have a significant adverse effect on
          the price, timing or distribution of the securities offered or the market for the securities offered, then the securities to be included in such registration shall be: (i) first, 100% of the securities that the Company proposes to sell, (ii) second, and only if all the securities referred to in clause
          (i) have been included, the number of securities that would otherwise be included in such offering and that, in the opinion of such managing underwriter or underwriters, can be sold without having such adverse effect in such registration, which
          such number shall be allocated pro rata among the Holders based on the relative number of such Registrable Securities then held by each such
          Holder (provided that any securities thereby allocated to a Holder that exceed such Holder's request shall be reallocated among the remaining requesting
          Holders in like manner), and (iii) third, and only if all of the securities referred to in clause (ii) have been included in such registration, any other
          securities eligible for inclusion in such registration that, in the opinion of the managing underwriter or underwriters, can be sold without having such adverse effect in such registration.

      If the managing underwriter or underwriters of any proposed underwritten offering of Registrable
          Securities included in a Piggyback Registration to a Third-Party Registration Statement informs the Company and the Holders that have requested to participate in such Piggyback Registration in writing that, in its or their opinion, the number of
          securities which such Holders and any other Persons intend to include in such offering exceeds the number which can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the
          securities offered or the market for the securities offered, then the securities to be included in such registration shall be: (i) first, 100% of the
          securities that the Third Party proposes to sell, (ii) second, and only if all the securities referred to in clause (i) have been included, the number of
          securities that would otherwise be included in such offering and that, in the opinion of such managing underwriter or underwriters, can be sold without having such adverse effect in such registration, which such number shall be allocated pro rata among the Holders based on the relative number of Registrable Securities then held by each such Holder (provided that any securities thereby allocated to a Holder that exceed such Holder's request shall be reallocated among the remaining requesting Holders in like manner), and (iii) third, and only if all of the securities referred to in clause (ii) have been included in such registration, any other securities eligible for inclusion in
          such registration that, in the opinion of the managing underwriter or underwriters, can be sold without having such adverse effect in such registration.

      (d) Other Registrations. If the Company has previously filed a Registration Statement
          with respect to Registrable Securities, and if such previous registration has not been withdrawn or abandoned, the Company shall not be obligated to cause to become effective any other registration of any of its securities under the Securities
          Act, whether on its own behalf or at the request of any holder of such securities, until a period of at least 120 days has elapsed from the termination of the offering under the previous registration.

      3. Registration Procedures.

      In connection with the Company's registration obligations hereunder, the Company shall:

      (a) Not less than two (2) Business Days prior to the filing of the Registration Statement or any related Prospectus or any amendment or supplement thereto, (i) furnish to the
          Holder copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the review of such Holder, and (ii) cause
          its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable opinion of respective legal counsel to conduct a reasonable investigation within the meaning of
          the Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holder of a majority of the Registrable Securities shall reasonably object in good faith;
          provided, however, that any period of time which the Registration Statement is delayed due to such objection will be added to the Filing Date and the Effectiveness Date.

      (b) (i) Prepare and file with the Commission such amendments, including post-effective amendments, to the Registration Statement and the Prospectus used in connection therewith as
          may be necessary to keep the Registration Statement continuously effective as to the Registrable Securities for the Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and
          as so supplemented or amended to be filed pursuant to Rule 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to the Registration Statement or any amendment thereto; and (iv) comply in
          all material respects with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities covered by the Registration Statement in accordance with the intended methods of disposition by the
          Holder thereof set forth in the Registration Statement as so amended or in such Prospectus as so supplemented.

      (c) Notify the Holder of Registrable Securities to be sold as promptly as reasonably possible (and, in the case of (i)(A) below, not less than two (2) Business Days prior to such
          filing) and (if requested by any such Person) confirm such notice in writing promptly following the day (i) (A) when a Prospectus or any Prospectus supplement or post-effective amendment to the Registration Statement is proposed to be filed; (B)
          when the Commission notifies the Company whether there will be a "review" of the Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall upon request provide true and complete copies
          thereof and all written responses thereto as promptly as reasonably possible to the Holder who so requests provided such requesting Holder agree to keep such information confidential until it is publicly disclosed); and (C) with respect to the
          Registration Statement or any post-effective amendment, when the same has become effective; (ii) of any request by the Commission or any other Federal or state governmental authority during the period of effectiveness of the Registration
          Statement for amendments or supplements to the Registration Statement or Prospectus or for additional information; (iii) of the issuance by the Commission or any other federal or state governmental authority of any stop order suspending the
          effectiveness of the Registration Statement covering any or all of the Registrable Securities or the initiation of any Proceedings for that purpose; (iv) of the receipt by the Company of any notification with respect to the suspension of the
          qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such purpose, and (v) of the occurrence of any event or passage of time that
          makes the financial statements included in the Registration Statement ineligible for inclusion therein or any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by
          reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the Registration Statement or the Prospectus, as the case may be, it will not contain any
          untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (provided that such Holder
          of Registrable Securities agrees to keep such information confidential until it is publicly disclosed).

       

        

      
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      (d) Use its best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of the Registration Statement, or (ii) any
          suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.

      (e) To the extent requested by such Holder, furnish to each Holder, without charge, at least one conformed copy of the Registration Statement and each amendment thereto, including
          financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference, and all exhibits (including those previously furnished or incorporated by reference) promptly after the filing of such documents
          with the Commission.

      (f) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto
          as such Persons may reasonably request in connection with resales by the Holder of Registrable Securities. The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holder in
          connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(c).

      (g) Use its best efforts to register or qualify or cooperate with the selling Holder in connection with the registration or qualification (or exemption from the Registration or
          qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each of the registration or
          qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by the
          Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not
          then so subject or file a general consent to service of process in any such jurisdiction.

      (h) If requested by the Holder, cooperate with the Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to
          a transferee pursuant to the Registration Statement, which certificates shall be free, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holder may request.

      (i) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as
          reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference,
          and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or
          necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

      (j) Use best efforts to make available to its security holders no later than the Availability Date (as defined below), an earning statement covering a period of at least twelve
          (12) months, beginning after the effective date of the Registration Statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act, including Rule 158 promulgated thereunder. For the purpose of this
          subsection, "Availability Date" shall mean the 45th day following the end of the fourth fiscal quarter after the fiscal quarter that
          includes the effective date of the Registration Statement, except that, if such fourth fiscal quarter is the last quarter of the Company's fiscal year, "Availability Date" means the 90th day after the end of such fourth fiscal quarter.

      (k) Comply with all applicable rules and regulations of the Commission and use its reasonable best efforts to cause all Registrable Securities to be listed for trading on a
          Trading Market, if the Company is then listed on a Trading Market.

      The Company may require each selling Holder to furnish to the Company a certified statement as to the
          number of Common Shares beneficially owned by such Holder and the person thereof that has voting and dispositive control over the Common Shares, for purposes of disclosure in the "Selling Stockholder" table in the Registration Statement.

      4. Registration Expenses. All fees and expenses incident to the
          performance of or compliance with this Agreement by the Company shall be borne by the Company whether or not any Registrable Securities are sold pursuant to the Registration Statement. The fees and expenses referred to in the foregoing sentence
          shall include, without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses (A) with respect to filings required to be made with the Trading Market on which the Common Stock is then listed for
          trading, and (B) for compliance with applicable state securities or Blue Sky laws), (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities and of printing prospectuses if the printing
          of prospectuses is reasonably requested by the Holder of a majority of the Registrable Securities included in the Registration Statement), (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company,
          (v) Securities Act liability insurance, if the Company so desires such insurance, (vi) "road show" expenses and (vii) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions
          contemplated by this Agreement. In addition, the Company shall be responsible for all of its internal and accounting expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including, without
          limitation, all salaries and expenses of its officers and employees performing legal or accounting duties and all fees and expenses of the Company's certified public accountants), the expense of the preparation of all financial statements and any
          audit or review thereof by the Company's accountants, including in connection with their rendering a "cold comfort" letter to the underwriters, if requested, and the fees and expenses incurred in connection with the listing of the Registrable
          Securities on any securities exchange as required hereunder. In no event shall the Company be responsible for any broker, underwriter or similar commissions or any legal fees or other costs of the Holder.

       

        

      
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      5. Indemnification.

      (a) Indemnification by the Company. The Company shall, notwithstanding any termination
          of this Agreement, indemnify and hold harmless each Holder, the officers, directors, agents and employees of each of them, each Person who controls any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the
          Exchange Act), and the officers, directors, agents and employees of each such controlling Person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without
          limitation, reasonable attorneys' fees) and expenses (collectively, "Losses"), as incurred, to the extent arising out of or relating to any
          untrue or alleged untrue statement of a material fact contained in the Registration Statement, any Prospectus or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to
          any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or form of prospectus or supplement thereto, in light of the circumstances under which
          they were made) not misleading, or any violation or alleged violation by the Company of the Securities Act, Exchange Act or any state securities law, or any rule or regulation thereunder, except to the extent, but only to the extent, that (1)
          such untrue statements or omissions are based solely upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein, or to the extent that such information relates to such Holder or such
          Holder's proposed method of distribution of Registrable Securities as set forth in the section of the Registration Statement substantially similar to Annex

              A hereto or any changes to such section that are expressly approved in writing by such Holder expressly for use in the Registration Statement, such Prospectus or such form of Prospectus or in any amendment or supplement thereto, or
          (2) in the case of an occurrence of an event of the type specified in Section 3(c)(ii)-(v), the use by such Holder of an outdated or defective Prospectus
          after the Company has notified such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated in Section

              6(b).

      (b) Indemnification by Holder. Each Holder shall, severally and not jointly, indemnify
          and hold harmless the Company, its officers, directors, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act), and the officers, directors, agents and
          employees of each such controlling Person, to the fullest extent permitted by applicable law, from and against any and all Losses, as incurred, to the extent arising out of or based upon: (1) such Holder's failure to comply with the prospectus
          delivery requirements of the Securities Act or (2) any untrue or alleged untrue statement of a material fact contained in the Registration Statement, any Prospectus or any form of prospectus or in any amendment or supplement thereto or in any
          preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or form of prospectus or
          supplement thereto, in light of the circumstances under which they were made) not misleading to the extent, but only to the extent, that such untrue statement or omission is contained in any information so furnished in writing by such Holder to
          the Company specifically for inclusion in the Registration Statement or such Prospectus expressly for use therein; provided, that each Holder's obligation to indemnify such indemnified parties shall only be to the extent of the net proceeds
          received by such Holder in the offering to which the Registration Statement relates, or to the extent that such information relates to such Holder or such Holder's proposed method of distribution of Registrable Securities as set forth in the
          section of the Registration Statement substantially similar to Annex A hereto or any changes to such section that are expressly
          approved in writing by such Holder expressly for use in the Registration Statement, such Prospectus or such form of Prospectus or in any amendment or supplement thereto, or (3) in the case of an occurrence of an event of the type specified in Section 3(c)(ii)-(v), the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus
          is outdated or defective and prior to the receipt by such Holder of the Advice contemplated in Section 6(b).

      (c) Conduct of Indemnification Proceedings. If any Proceeding shall be brought or
          asserted against any Person entitled to indemnity hereunder (an "Indemnified Party"), such Indemnified Party shall promptly notify the Person
          from whom indemnity is sought (the "Indemnifying Party") in writing, and the Indemnifying Party shall have the right to assume the defense
          thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection with defense thereof; provided, that the failure of any Indemnified Party to give such
          notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally determined by a court of competent jurisdiction (which determination is not
          subject to appeal or further review) that such failure shall have prejudiced the Indemnifying Party.

      An Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to
          participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in writing to pay such fees and expenses; (2) the
          Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named parties to any such Proceeding (including any
          impleaded parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that a conflict of interest is reasonably likely to exist if the same counsel were to represent such
          Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not
          have the right to assume the defense thereof and the reasonable fees and expenses of no more than one separate counsel (the Indemnified Party's counsel who first notifies the Company of such obligation) shall be at the expense of the Indemnifying
          Party). The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of
          any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

       

        

      
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      All reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses to the
          extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party, as incurred, within ten (10) Business Days of written notice thereof
          to the Indemnifying Party; provided, that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses
          applicable to such actions for which such Indemnified Party is not entitled to indemnification hereunder, determined based upon the relative faults of the parties.

      (d) Contribution. If a claim for indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party (by reason of public policy or otherwise), then each Indemnifying Party, in lieu of indemnifying such Indemnified Party,
          shall contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the
          actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things,
          whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or
          Indemnified Party, and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to
          include, subject to the limitations set forth in Section 5(c), any reasonable attorneys' or other reasonable fees or expenses incurred by such party in
          connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms.

      The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred
          to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 5(d), no Holder shall be required to contribute, in the
          aggregate, any amount in excess of the amount by which the proceeds actually received by such Holder from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages that such Holder has otherwise been
          required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, except in the case of fraud by such Holder. The indemnity and contribution agreements contained in this Section are in addition to any liability
          that the Indemnifying Parties may have to the Indemnified Parties.

      6. Miscellaneous.

      (a) Compliance. Each Holder covenants and agrees that it will comply with the prospectus
          delivery requirements of the Securities Act as applicable to it in connection with sales of Registrable Securities pursuant to the Registration Statement.

      (b) Discontinued Disposition. Each Holder agrees by its acquisition of such Registrable
          Securities that, upon receipt of a notice from the Company of the occurrence of any event of the kind described in Section 3(c), such Holder will
          forthwith discontinue disposition of such Registrable Securities under the Registration Statement until such Holder's receipt of the copies of the supplemented Prospectus and/or amended Registration Statement or until it is advised in writing
          (the "Advice") by the Company that the use of the applicable Prospectus may be resumed, and, in either case, has received copies of any
          additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus or Registration Statement. In the event of a discontinued disposition under this Section 6(b), the Company will use its reasonable best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable and to provide copies of the supplemented
          Prospectus and/or amended Registration Statement or the Advice as soon as possible in order to enable each Holder to resume dispositions of the Registrable Securities. The Company may provide appropriate stop orders to enforce the provisions of
          this paragraph.

      (c) Amendments in Writing. No amendment, modification, waiver, termination or discharge
          of any provision of this Agreement, or any consent to any departure by the Company and any Holder of the then outstanding Registrable Securities from any provision hereof, shall in any event be effective unless the same shall be in writing and
          signed by the Company and at least a majority of the Holder of the then outstanding Registrable Securities, and each such amendment, modification, waiver, termination or discharge shall be effective only in the specific instance and for the
          specific purpose for which given. No provision of this Agreement shall be varied, contradicted or explained by any oral agreement, course of dealing or performance or any other matter not set forth in an agreement in writing and signed by the
          Company and at least a majority of the Holder of the then outstanding Registrable Securities.

       

        

      
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      (d) Suspension of Trading. At any time after the Registrable Securities are covered by
          an effective Registration Statement, the Company may deliver to the Holder of such Registrable Securities a certificate (the "Suspension Certificate")

          approved by the Chief Executive Officer of the Company and signed by an officer of the Company stating that the effectiveness of and sales of Registrable Securities under the Registration Statement would:

      (i) materially interfere with any transaction that would require the Company to prepare financial statements under the Securities Act that the Company would otherwise not be
          required to prepare in order to comply with its obligations under the Exchange Act, or

      (ii) require public disclosure of any transaction of the type discussed in Section 6(d)(i)
          prior to the time such disclosure might otherwise be required.

      After the delivery of a Suspension Certificate by Holder of Registrable Securities, the Company may, in
          its discretion, require such Holder of Registrable Securities to refrain from selling or otherwise transferring or disposing of any Registrable Securities or other Company securities then held by such Holder for a specified period of time that is
          customary under the circumstances (not to exceed thirty (30) days). Notwithstanding the foregoing sentence, the Company shall be permitted to cause Holder of Registrable Securities to so refrain from selling or otherwise transferring or disposing
          of any Registrable Securities or other securities of the Company on only one occasion during each twelve (12) consecutive month period that the Registration Statement remains effective. The Company may impose stop transfer instructions to enforce
          any required agreement of the Holder under this Section 6(d).

      (e) Termination. This Agreement shall terminate and be of no further force or effect
          when there shall no longer be any Registrable Securities issuable or outstanding.

      (f) Notices. All notices, requests, consents and other communications under this
          Agreement shall be in writing and shall be deemed delivered (i) on the date of transmission when delivered via facsimile prior to 5:00 p.m. (New York City time) on a Business Day, (ii) one Business Day after transmission when delivered via
          facsimile later than 5:00 p.m. (New York City time) on any date and earlier than 11:59 p.m. (New York City time) on such date, (iii) upon delivery when delivered personally, (iv) three (3) days after being sent by registered or certified mail,
          return receipt requested, postage prepaid, or (v) one (1) Business Day after being sent via a reputable nationwide overnight courier service guaranteeing next business day delivery, in each case to the intended recipient as set forth below:

      If to the Company:

      

      

      Seanergy Maritime Holdings Corp.

      154 Vouliagmenis Avenue

      Glyfada

      Athens, Greece 16674

      Attention: Chief Executive Officer

      Facsimile: +30 210 9638404

      With a copy (which shall not constitute notice) to:

      

      

      Seward & Kissel LLP

      One Battery Park Plaza

      New York, New York 10004

      Attn: Gary J. Wolfe, Esq.

      Facsimile: (212) 480-8421

      If to the Investor, to:

      

      

      To the address set forth under such Investor's name on Schedule 1 hereto

       

        

      
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      Any party may change the address to which notices, requests, consents or other communications hereunder
          are to be delivered by giving the other parties notice in the manner set forth in this Section.

      (g) Successors and Assigns. This Agreement shall be binding upon, shall inure to the
          benefit of and shall be enforceable by the parties hereto and their respective successors and assigns. The Company may not assign its rights or obligations hereunder without the prior written consent of all of the Holder of the then-outstanding
          Registrable Securities, provided a sale of the Company shall not be deemed an assignment.

      (h) Execution in Counterparts; Facsimile Signatures. This Agreement and any amendment,
          waiver or consent hereto may be executed by the parties hereto in separate counterparts, each of which, when so executed and delivered, shall be an original, but all such counterparts shall together constitute one and the same instrument. All
          such counterparts may be delivered among the parties hereto by facsimile or other electronic transmission, which shall not affect the validity thereof.

      (i) Governing Law; Jurisdiction. This Agreement shall be governed by and construed under
          the laws of the State of New York without regard to conflicts of laws principles. Any action or proceeding seeking to enforce any provision of, or based on any right arising out of, this Agreement shall be brought against the parties hereto or
          thereto in the courts of the State of New York, County of New York, or, if it has or can acquire jurisdiction, in the United States District Court for the Southern District of New York, and each of the parties consents to the exclusive
          jurisdiction of such courts (and of the appropriate appellate courts) in any such action or proceeding and waives any objection to venue laid therein. The parties hereby expressly waive all rights to trial by jury in any suit, action or
          proceeding arising under this Agreement.

      (j) Cumulative Remedies. All remedies, either under this Agreement or by law, afforded
          to the parties hereto, shall be cumulative and not alternative.

      (k) Severability. Any provision of this Agreement which is prohibited or unenforceable
          in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any
          other jurisdiction.

      (l) Section Headings and References. The section headings are for the convenience of the
          parties and in no way alter, modify, amend, limit or restrict the contractual obligations of the parties. Any reference in this Agreement to a particular section or subsection shall refer to a section or subsection of this Agreement, unless
          specified otherwise.

      

      

       [Remainder of page intentionally left blank; Signature pages follow]

      
        20

        
          

      

      

      

      IN
            WITNESS WHEREOF, the parties have executed this Registration Rights Agreement as of the date first written above.

      

      

      	 	
              THE COMPANY:

            
	 	
              SEANERGY MARITIME HOLDINGS CORP.

               

            
	 	
              By:

            	

              
	 	 	
              Name: Stamatios Tsantanis

            
	 	 	
              Title: Chairman & Chief Executive Officer

            

      [Investor Signature page follows]

      

      

      
        21

        
          

      

      

      

      	 	
              INVESTOR:

               

            
	 	
              JELCO DELTA HOLDING CORP.

               

            
	 	
              By:

            	

              
	 	 	
              Name: Alastair Macdonald

            
	 	 	
              Title: President

            

      

      

      

      

      

      

      

      

      
        22

        
          

      

      

      

      ANNEX A

      Plan
              of Distribution

      The securities covered by this prospectus may be offered and sold from time to time by the selling
          stockholders. The term "selling stockholder" includes pledgees, donees, transferees or other successors in interest selling securities received
          after the date of this prospectus from each selling stockholder as a pledge, gift, partnership distribution or other sale in any privately negotiated transaction, or non-sale related transfer. The number of shares beneficially owned by a selling
          stockholder will decrease as and when it effects any such transfers. The plan of distribution for the selling stockholders' securities sold hereunder will otherwise remain unchanged, except that the transferees, pledgees, donees or other
          successors will be selling stockholders hereunder. To the extent required, we may amend and supplement this prospectus from time to time to describe a specific plan of distribution.

      The selling stockholders will act independently of us in making decisions with respect to the timing,
          manner and size of each sale. The selling stockholders may make these sales at prices and under terms then prevailing or at prices related to the then current market price. The selling stockholders may also make sales in negotiated transactions.
          The selling stockholders may offer their securities from time to time pursuant to one or more of the following methods:

      
        
          	

                	●	
                  ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

                

        

      

      
        
          	

                	●	
                  one or more block trades in which the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block as
                      principal to facilitate the transaction;

                

        

      

      
        
          	

                	●	
                  purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

                

        

      

      
        
          	

                	●	
                  an exchange distribution in accordance with the rules of the applicable exchange;

                

        

      

      
        
          	

                	●	
                  public or privately negotiated transactions;

                

        

      

      
        
          	

                	●	
                  on the New York Stock Exchange, American Stock Exchange, NASDAQ Global Market or NASDAQ Capital Market (or through the facilities of any national securities
                      exchange or U.S. inter-dealer quotation system of a registered national securities association, on which the securities are then listed, admitted to unlisted trading privileges or included for quotation);

                

        

      

      
        
          	

                	●	
                  through underwriters, brokers or dealers (who may act as agents or principals) or directly to one or more purchasers;

                

        

      

      
        
          	

                	●	
                  to cover short sales;

                

        

      

      
        
          	

                	●	
                  a combination of any such methods of sale; and

                

        

      

      
        
          	

                	●	
                  any other method permitted pursuant to applicable law.

                

        

      

      In connection with distributions of the securities or otherwise, the selling stockholders may:

      
        
          	

                	●	
                  enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the securities in the course
                      of hedging the positions they assume;

                

        

      

      
        
          	

                	●	
                  sell the securities short and redeliver the securities to close out such short positions;

                

        

      

      
        
          	

                	●	
                  enter into option or other transactions with broker-dealers or other financial institutions which require the delivery to them of securities offered by this
                      prospectus, which they may in turn resell; and

                

        

      

      
        
          	

                	●	
                  pledge securities to a broker-dealer or other financial institution, which, upon a default, they may in turn resell.

                

        

      

       

        

      
        23

        
          

      

      In addition to the foregoing methods, the selling stockholders may offer their securities from time to
          time in transactions involving principals or brokers not otherwise contemplated above, in a combination of such methods or described above or any other lawful methods. The selling stockholders may also transfer, donate or assign their securities
          to lenders, family members and others and each of such persons will be deemed to be a selling stockholder for purposes of this prospectus. The selling stockholders or their successors in interest may from time to time pledge or grant a security
          interest in some or all of the securities of common stock, and if the selling stockholders default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the securities from to time under this
          prospectus; provided however in the event of a pledge or then default on a secured obligation by the selling stockholder, in order for the securities to be sold under this registration statement, unless permitted by law, we must distribute a
          prospectus supplement and/or amendment to this registration statement amending the list of selling stockholders to include the pledgee, secured party or other successors in interest of the selling stockholder under this prospectus.

      The selling stockholders may also sell their securities pursuant to Rule 144 under the Securities Act,
          which permits limited resale of securities purchased in a private placement subject to the satisfaction of certain conditions, including, among other things, the availability of certain current public information concerning the issuer, the resale
          occurring following the required holding period under Rule 144 and the number of securities being sold during any three-month period not exceeding certain limitations in certain circumstances.

      Sales through brokers may be made by any method of trading authorized by any stock exchange or market on
          which the securities may be listed or quoted, including block trading in negotiated transactions. Without limiting the foregoing, such brokers may act as dealers by purchasing any or all of the securities covered by this prospectus, either as
          agents for others or as principals for their own accounts, and reselling such securities pursuant to this prospectus. The selling stockholders may effect such transactions directly, or indirectly through underwriters, broker-dealers or agents
          acting on their behalf. In effecting sales, broker-dealers or agents engaged by the selling stockholders may arrange for other broker-dealers to participate. Broker-dealers or agents may receive commissions, discounts or concessions from the
          selling stockholders, in amounts to be negotiated immediately prior to the sale (which compensation as to a particular broker-dealer might be in excess of customary commissions for routine market transactions).

      In offering the securities covered by this prospectus, the selling stockholders, and any broker-dealers
          and any other participating broker-dealers who execute sales for the selling stockholders, may be deemed to be "underwriters" within the
          meaning of the Securities Act in connection with these sales. Any profits realized by the selling stockholders and the compensation of such broker-dealers may be deemed to be underwriting discounts and commissions.

      The Company is required to pay all fees and expenses incident to the registration of the securities other
          than broker fees and commissions.

      The Company has agreed to indemnify the selling stockholders against certain losses, claims, damages and
          liabilities, including liabilities under the Securities Act.

      
        24

        
          

      

      

      

      SCHEDULE 1

      The Investor

      	
              
                Name of Company

              

            	
              
                Address

              

            	
              
                Jurisdiction of Incorporation

              

            
	
              Jelco Delta Holding Corp.

               

            	
              c/o Western Isles Ltd.

              Jardine House, 4th Floor

              33-35 Reid Street

              P.O. Box HM 1431

              Hamilton HM FX

              Bermuda

              Tel:  (441) 295-5913

              Fax: (441) 296-0329

                

            	
              The Republic of the Marshall Islands

            

    

    

  

  

  

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