* Mr. Economou may be deemed to beneficially own 36,363,639 Common Shares as follows: (i) 12,000,000 Common Shares owned by SPII Holdings Inc., a Marshall Islands corporation controlled by Mr. Economou; (ii) 9,818,185 Common Shares owned by Sierra Investments Inc., a Marshall Islands corporation controlled by Mr. Economou; and (iii) 14,545,454 Common Shares owned by Mountain Investments Inc., a corporation controlled by Mr. Economou.
(1) Calculation based 67,911,072 Common Shares issued and outstanding as of September 1, 2017.