Exhibit 99.3
PROXY
PARAGON SHIPPING INC.
PROXY FOR SPECIAL MEETING OF STOCKHOLDERS TO BE HELD JANUARY 26, 2016
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED
The undersigned shareholder hereby appointsNikolaos ArachovasandAikaterini Stoupa, and each of them individually, as attorneys and proxies for the undersigned, with the power to appoint his substitute, to represent and to vote all the shares of common stock of PARAGON SHIPPING INC. (the “Company”), which the undersigned would be entitled to vote, at the Company’s Annual Meeting of Stockholders to be held atCompany’s premises at 15, Karamanli Ave., 16673 Voula, Greece on January 26, 2016 at 12.00 p.m.and at any postponements or adjournments thereof, subject to the directions indicated on the reverse side hereof.
In their discretion, the Proxy is authorized to vote upon any other matter that may properly come before the meeting or any adjournments thereof.
This proxy, when properly executed, will be voted in the manner directed on the reverse side by the undersigned shareholder.If no direction is made, this proxy will be voted for.
(Continued, and to be marked, dated and signed, on the other side)
PLEASE DETACH ALONG PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of
Stockholders to be held January 26, 2016
The Proxy Statement to Stockholders is available at:
http://www.viewproxy.com/paragonship/2016SM
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE PROPOSAL
The Proposal – To grant discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined and reclassified into one share of common stock ratios within the range from 1-for-2 up to 1-for-50 (the “Reverse Stock Split”) and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, provided that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-50, and (Y) any Reverse Stock Split is completed no later than the first anniversary of the date of the Special Meeting.
¨FOR ¨AGAINST ¨ABSTAIN
PLEASE MARK YOUR VOTEIN
BLUE INK AS SHOWN HERE x
WILL ATTEND THE MEETING¨
| PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED PRE-PAID ENVELOPE. |
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| Signature(s) of Stockholder(s) |
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| Note: Please sign exactly as your name or names appear on this card. Joint owners should each sign personally. If signing as a fiduciary or attorney, please give your exact title. |
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PLEASE DETACH ALONG PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.
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PROXY VOTING INSTRUCTIONS
Please have your 11 digit control number ready when voting by Internet or Telephone.
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INTERNET Vote Your Proxy on the Internet: Go towww.cesvote.com Have your proxy card available when you access the above website. Follow the prompts to vote your shares. | | TELEPHONE Vote Your Proxy by Phone: Call 1 (888) 693-8683 Use any touch-tone telephone to vote your proxy. Have your proxy card available when you call. Follow the voting instructions to vote your shares. | | MAIL Vote Your Proxy by Mail: Mark, sign, and date your proxy card, then detach it, and return it in the postage-paid envelope provided. |
PLEASE DO NOT RETURN THE PROXY CARD IF YOU ARE VOTING ELECTRONICALLY.
