6-K

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of May 2017

Commission File Number: 001-37947

HUNTER MARITIME ACQUISITION CORP.

(Translation of registrant's name into English)

c/o MI Management Company

Trust Company Complex, Suite 206

Ajeltake Road

P.O. Box 3055

Majuro, Marshall Islands

MH96960

(Address of principal executive office)

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

Form 20-F [X] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as

permitted by Regulation S-T Rule 101(b)(1): ___

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)7: ___

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

Hunter Maritime Acquisition Corp. (the "Company") today announced a reduction in the agreed aggregate purchase price for its previously announced proposed acquisition of five identified Capesize dry bulk carriers (the "Acquisition Vessels"), pursuant to that certain Master Agreement (the "Master Agreement") and five individual Memoranda of Agreement (the "Memoranda of Agreement"), each dated April 26, 2017, in an en-bloc transaction for cash, subject to the satisfaction of certain important conditions precedent (such transaction, the "Acquisition"). The aggregate purchase price for the Acquisition Vessels has been reduced from $139.4 million to $133.5 million. A copy of Amendment No. 1 to the Master Agreement and the Addenda to the Memoranda of Agreement, giving effect to the reduction in the aggregate purchase price and certain other amendments, are attached hereto as Exhibit 10.1, 10.2, 10.3, 10.4, 10.5, and 10.6, respectively, the terms of which are incorporated herein by reference.

In addition, the Company today announced that Bocimar Hunter NV, the Company's sponsor (the "Sponsor") has committed to forfeit, upon the consummation of the Acquisition, a number of the Company's Class B common shares that it owns, such that the number of the Company's Class A common shares that the Sponsor will receive upon the automatic conversion of the Class B common shares immediately following the consummation of the Acquisition, would represent no more than 15% of the Company's outstanding Class A common shares, after giving effect to such forfeiture. The Sponsor currently owns 20% of the Company's issued and outstanding common shares.

Attached hereto as Exhibit 99.1 is a copy of the Company's press release dated May 31, 2017.

Cautionary Statement About Forward Looking Statements

This Report on Form 6-K contains "forward looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "should" and similar expressions are forward looking statements. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control.  Actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's registration statement on Form F-1 (File No. 333-214058), as amended, under the heading "Risk Factors" and other reports the Company files with the U.S. Securities and Exchange Commission, which are available at the SEC's website at http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this Form 6-K, except as required by law.

Exhibit Index

Exhibit No.	Exhibit
10.1	Amendment No. 1 to the Master Agreement dated May 31, 2017
10.2	Addendum No. 1 to the Memorandum of Agreement relating to Charlotte Selmer, dated May 31, 2017 by and between Hamburg Maritime NV (as the subsidiary nominee of Hunter Maritime Acquisition Corp.), as buyer and Victorscope Shipping Company Limited, as seller
10.3	Addendum No. 1 to the Memorandum of Agreement relating to Greta Selmer, dated May 31, 2017 by and between Hamburg Maritime NV (as the subsidiary nominee of Hunter Maritime Acquisition Corp.), as buyer, and Lodeo Shipping Company Limited, as seller
10.4	Addendum No. 1 to the Memorandum of Agreement relating to Lene Selmer, dated May 31, 2017 by and between Hamburg Maritime NV (as the subsidiary nominee of Hunter Maritime Acquisition Corp.) and Frantia Shipping Company Limited, as seller
10.5	Addendum No. 1 to the Memorandum of Agreement relating to Hugo Selmer, dated May 31, 2017 by and between Hamburg Maritime NV (as the subsidiary nominee of Hunter Maritime Acquisition Corp.), and Rovison Shipping Company Limited, as seller
10.6	Addendum No. 1 to the Memorandum of Agreement relating to Tom Selmer, dated May 31, 2017 by and between Hamburg Maritime NV (as the subsidiary nominee of Hunter Maritime Acquisition Corp.), as buyer, and Vireto Shipping Company Limited, as seller
99.1	Press Release dated May 31, 2017

SIGNATURES

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

	HUNTER MARITIME ACQUISITION CORP. (Registrant)
Dated: May 31, 2017
	/s/ Alexander Saverys By: Alexander Saverys Chief Executive Officer

EX-10.1

Exhibit 10.1

AMENDMENT NO. 1

TO

MASTER AGREEMENT

This Amendment No. 1 (this "Amendment") to that certain Master Agreement, dated as of April 26, 2017 (the "Master Agreement"), by and between Hunter Maritime Acquisition Corp., a Marshall Islands corporation ("Hunter Maritime") and Rovison Shipping Company Limited, Frantia Shipping Company Limited, Victorscope Shipping Company Limited, Lodeo Shipping Company Limited and Vireto Shipping Company Limited, each a Cypriot company (collectively, the "Sellers" and each one of them, a "Seller"), is entered into as of May 31, 2017. Hunter Maritime and the Sellers are sometimes referred to herein collectively as the "Parties," and individually, a "Party." Capitalized terms used herein but not defined herein shall have the meanings ascribed to such terms in the Master Agreement.

WHEREAS, in accordance with Section 10.9 of the Master Agreement, the Parties desire to amend the Master Agreement as set forth in this Amendment.

WHEREAS, all other terms and conditions contained in the Master Agreement shall remain unchanged.

NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:

1.          Amendments to the Master Agreement

(a)          Aggregate Purchase Price.  The term "Aggregate Purchase Price" as used in the Master Agreement shall be amended and restated in its entirety to mean "the aggregate purchase price of $133,500,000, as such price may be reduced by the Vessel Purchase Price of any Vessel that is not delivered to Hunter Maritime or its subsidiary nominee at Closing pursuant to the related Memorandum of Agreement."

(b)          Memoranda of Agreement. The term "Memoranda of Agreement" and "MOAs" as used in the Master Agreement shall be amended and restated in its entirety to mean "the five separate memoranda of agreement, each relating to the purchase and sale of one of the Vessels, each dated April 26, 2017, by and between Hunter Maritime (having the right to nominate a subsidiary thereunder) and the applicable Seller, as modified by the applicable addendum thereto, dated May 31, 2017, by and between Hamburg Maritime NV (the subsidiary nominee of Hunter Maritime) and the applicable Seller, copies of each of which are attached hereto as Exhibits A-1toA-5."

(c)          Schedule 1 to the Master Agreement. Schedule 1 (The Sellers and the Vessels) to the Master Agreement is hereby replaced in its entirety with Schedule 1 (The Sellers and the Vessels) hereto.

(d)          Exhibits A-1 through A-5 to the Master Agreement. Exhibits A-1 through A-5 of the Master Agreement, containing copies of the Memoranda of Agreement, each dated April 26, 2017, relating to the individual purchase and sale of each Vessel, is hereby amended and supplemented to include copies of the addenda thereto, each dated May 31, 2017, which are attached hereto as Exhibits A-1 through A-5.

(e)          Exhibit C to the Master Agreement. The Form of Right of First Refusal Agreement for Technical Management of Certain Vessels contained in Exhibit C to the Master Agreement is hereby replaced in its entirety with the revised Form of Right of First Refusal Agreement for Technical Management of Certain Vessels contained in Exhibit B hereto.

2.          Effect of this Amendment. Except as set forth in this Amendment, all other terms, conditions, and agreements contained in the Master Agreement shall remain in full force and effect.

3.          Other Miscellaneous Terms. The provisions of Article X (Miscellaneous) of the Master Agreement shall apply mutatis mutandis to this Amendment, and to the Master Agreement as modified by this Amendment, taken together as a single agreement, reflecting the terms as modified hereby.

(Remainder of page intentionally left blank.  Signature pages to follow.)

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed and delivered as of the date first above written.

HUNTER MARITIME ACQUISITION CORP., as Buyer

By:         /s/ Ludovic Saverys              

Name:   Ludovic Saverys

Title:     Chief Financial Officer

By:         /s/ Benoit Timmermans          

Name:   Benoit Timmermans

Title:     Chief Commercial Officer

ROVISON SHIPPING COMPANY LIMITED, as a Seller

By:          /s/ Evangelos Sykopetritis Name:     Evangelos Sykopetritis

Title:       Director

By:          /s/ Tina Photi                      Name:    Tina Photi

Title:       Director

FRANTIA SHIPPING COMPANY LIMITED, as a Seller

By:          /s/ Evangelos Sykopetritis Name:     Evangelos Sykopetritis

Title:       Director

By:          /s/ Tina Photi                      Name:    Tina Photi

Title:       Director

VICTORSCOPE SHIPPING COMPANY LIMITED, as a Seller

By:          /s/ Evangelos Sykopetritis Name:     Evangelos Sykopetritis

Title:       Director

By:          /s/ Tina Photi                      Name:    Tina Photi

Title:       Director

LODEO SHIPPING COMPANY LIMITED, as a Seller

By:          /s/ Evangelos Sykopetritis Name:     Evangelos Sykopetritis

Title:       Director

By:          /s/ Tina Photi                      Name:    Tina Photi

Title:       Director

VIRETO SHIPPING COMPANY LIMITED, as a Seller

By:          /s/ Evangelos Sykopetritis Name:     Evangelos Sykopetritis

Title:       Director

By:          /s/ Tina Photi                      Name:    Tina Photi

Title:       Director

SCHEDULE 1

The Sellers and the Vessels

Vessel		Seller	Yard	Year Built	Vessel Type and Class	DWT	Flag	Price (USD)	Employment
1.	Charlotte Selmer	Victorscope Shipping Company Ltd.	New Times Shipbuilding (China)	2011	Capesize	175,154	The Republic of the Marshall Islands	27,620,000.00	Time charter with Swiss Marine, expiring minimum December 18, 2017, maximum April 17, 2018 at $13,500 per day
2.	Greta Selmer	Lodeo Shipping Company Ltd.	New Times Shipbuilding (China)	2011	Capesize	175,181	The Republic of the Marshall Islands	27,620,000.00	Voyage charter with Classic Maritime, expiring about May 18, 2017 at freight rate $6,60 pmt for route C5 Port Hedland/Qingdao
3.	Lene Selmer	Frantia Shipping Company Ltd.	New Times Shipbuilding (China)	2010	Capesize	175,397	The Republic of the Marshall Islands	25,320,000.00	Time charter with Cargill, expiring minimum July 3, 2017, maximum October 18, at $12,000 per day
4.	Hugo Selmer	Rovison Shipping Company Ltd.	New Times Shipbuilding (China)	2010	Capesize	175,401	The Republic of the Marshall Islands	25,320,000.00	Time charter with Swiss Marine, expiring April 25, 2017 at $7,000 per day, thereafter in direct continuation expiring minimum February 10, 2018, maximum July 10, 2018 at $ 8,100 per day
5.	Tom Selmer	Vireto Shipping Company Ltd.	New Times Shipbuilding (China)	2011	Capesize	175,219	The Republic of the Marshall Islands	27,620,000.00	Time charter with Swiss Marine, expiring minimum August 23, 2017, maximum February 22, 2018  at $7,700 per day

Exhibit A-1 to A-5

[Addenda to Memoranda of Agreement]

(Please see Exhibits 10.2 through 10.6 to the Form 6-K filed by Hunter Maritime Acquisition Corp., on May 31, 2017)

Exhibit B

[Form of Right of First Refusal Agreement for Technical Management of Certain Vessels]

RIGHT OF FIRST REFUSAL AGREEMENT SHIPMAN
HUNTER MARITIME ACQUISITION CORP. as grantors and AMBRA SHIPMANAGEMENT LIMITED as beneficiaries

THIS RIGHT OF FIRST REFUSAL AGREEMENT is entered into as a deed this _______________________ 2017 between HUNTER MARITIME ACQUISITION CORP., a corporation formed under the laws of the Marshall Islands with its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, The Marshall Islands, (the "Grantors") andAMBRA SHIPMANAGEMENT LIMITED, LIMASSOL, CYPRUS, a company formed under the laws of Cyprus with its registered office at 168, Ayias Phylaxoes Street TCI Tower, 2^nd Floor, 3083 Limassol, Cyprus, (the "Ambra"). The Grantors and Ambra are sometimes referred to herein collectively as the "Parties," and individually, a "Party."

WHEREAS:

I. Ambra is a management company with, amongst others, dry bulk vessels under its management.

II. The Grantors plan to either acquire or bareboat charter dry bulk vessels.

III. The Grantors desire to grant Ambra a right of first refusal to   be appointed technical and crew ship manager of additional dry bulk vessels to be acquired or bareboat chartered by the Grantors or any of its subsidiaries or affiliates in the future, all as more closely stipulated herein and separate from the five vessels to be managed under ship management agreements dated.

IT IS AGREED

1 DEFINITIONS AND INTERPRETATION

1.1 For purposes of this Agreement, the following terms shall have the following meanings:

"Master Agreement" means an agreement dated on or about the date of this Agreement and made between the Grantors and the Sellers.

"Offer Notice" means the notice described in Clause 4.2.

Owners" means the Grantors or any affiliate, subsidiary, or entity under the control of the Grantors, or in common control with the Grantors, and each an "Owner".

"Response Notice" means the notice described in Clause 4.3.

"ROFR Eligible Vessel" or "ROFR Eligible Vessels" means one or more dry bulk vessels (other than the Vessels), purchased, bareboat chartered or to be purchased or bareboat chartered, by one or more Owners, during the ROFR Period.

"ROFR Period" meansthe period commencing on the Closing and ending on the date (i) that is the second anniversary of the Closing or (ii) the date on which the Grantors have offered fifteen (15) ROFR Eligible Vessels for technical and crew management by Ambra, whichever is the earlier.

"SHIPMAN" means the terms and conditions contained in the ship management agreement attached hereto as Annex "A".

1.2 Words and expressions defined in the Master Agreement and not defined in this Agreement shall have the same meaning when used in this Agreement.

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1.3 In this Agreement:

1.3.1 words denoting the plural number include the singular and vice versa;

1.3.2 words denoting persons include corporations, limited liability companies, partnerships, associations of persons (whether incorporated or not) or governmental or quasi-governmental bodies or authorities and vice versa;

1.3.3 references to Recitals and Clauses are references to recitals and clauses of this Agreement;

1.3.4 references to this Agreement include the Recitals;

1.3.5 the headings are for the purposes of reference only, have no legal or other significance, and shall be ignored in the interpretation of this Agreement;

1.3.6 references to any document are, unless the context otherwise requires, references to that document as amended, supplemented, novated or replaced from time to time;

1.3.7 references to statutes or provisions of statutes are references to those statutes, or those provisions, as from time to time amended, replaced or re-enacted;

1.3.8 references to the Grantors include its successors, transferees and assignees.

2 CONDITIONS PRECEDENT

It shall be a condition precedent to the Parties obligations under this Agreement that the Master Agreement has been duly executed by the parties thereto.

3 VESSEL ACQUISITION, CHARTER, AND SHIP MANAGEMENT RESTRICTION

The Grantors hereby covenant and undertake with Ambra that, from the date hereof and for the duration of the ROFR Period, they will not and they will ensure that no Owner will appoint a technical and crew ship manager for any ROFR Eligible Vessel unless it has (i) delivered an Offer Notice to Ambra and (ii) Ambra has declined (or is deemed to have declined) to agree to act as the technical and crew managers of the ROFR Eligible Vessel referred to in the Offer Notice.

4 RIGHT OF FIRST REFUSAL

4.1 During the ROFR Period, the Grantors grant Ambra the right, but not the obligation, to provide technical and crew ship management services for up to fifteen (15) ROFR Eligible Vessels in terms of the SHIPMAN.

4.2 In the event that an Owner intends to purchase or bareboat charter a ROFR Eligible Vessel, then as soon as practicable or in any event not later than seven (7) calendar days after the Owner agreed to purchase or bareboat charter such ROFR Eligible Vessel, the Grantors shall notify Ambra in writing and offer to appoint Ambra to act as the technical and crew ship managers of the relevant ROFR Eligible Vessel in terms of the SHIPMAN, such notice to include -

4.2.1 full details of the Owner for purposes of Box 3 and Box 22 of the SHIPMAN;

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4.2.2 full details and specifications of the ROFR Eligible Vessel for the purpose of Annex "A" to the SHIPMAN;

4.2.3 full details of crew required for the ROFR Eligible Vessel for the purpose of Annex "B" of the SHIPMAN.

4.3 As soon as practicable, but in any event, within 20 days after receipt of the Offer Notice, Ambra shall notify the Grantors in writing that either:

4.3.1 it has elected to decline to act as the technical and crew ship managers of the ROFR Eligible Vessel, in which event, the Owner shall forever be free to manage the relevant ROFR Eligible Vessel as it desires; or

4.3.2 it has elected to agree to act as the technical and crew ship managers of the ROFR Eligible Vessel, in which event the notice shall include a budget for the purpose Annex "C" of the SHIPMAN.

4.4 In the event that Ambra has delivered a Response Notice in terms of Clause 4.3.2, the Grantors shall forthwith produce and deliver an original SHIPMAN, duly populated in Boxes 3 and 22, supplemented by Annexes "A", "B", and "C", and duly executed by the Owner to Ambra with a PDF copy by e-mail in advance.  Upon receipt of the PDF copy by e-mail, Ambra shall execute the SHIPMAN and return a PDF copy of the fully signed SHIPMAN by e-mail to the Owner.

4.5 In the event that Ambra fails to deliver a Response Notice in terms of Clause 4.3, Ambra shall be deemed to have declined to act as the technical and crew managers of the ROFR Eligible Vessel and Clause 4.3.1 shall be deemed applicable.

4.6 If the Owners purchase or bareboat charter one or more ROFR Eligible Vessel(s), a condition of such purchase or bareboat charter being the retention of technical and crew management services by the seller or an affiliated company of the seller, the Grantors will not be obliged to offer to appoint Ambra to act as the technical and crew ship managers of such ROFR Eligible Vessel(s).  However, in the aforesaid event that the Owners purchase or bareboat charter one or more ROFR Eligible Vessel(s) for which the Grantors will not be obliged to offer to appoint Ambra to act as the technical and crew ship managers in terms of this Clause 4.6, then, notwithstanding anything to the contrary herein and unless the Grantors have offered fifteen (15) ROFR Eligible Vessels for technical and crew management by Ambra, the right of first refusal in favour of Ambra contained in this Agreement will not expire on the second anniversary of the Closing, but will continue after the second anniversary of the Closing until the earlier of (i) the date on which Grantors have offered to appoint Ambra to act as the technical and crew ship managers of one ROFR Eligible Vessel in terms of the SHIPMAN for each ROFR Eligible Vessel(s) for which the Grantors were not obliged to offer to appoint Ambra to act as the technical and crew ship managers in terms of this Clause 4.6, and (ii) the date on which the Grantors have offered fifteen (15) ROFR Eligible Vessels owned or bareboat chartered by Owners for technical and crew management by Ambra.

5 DEEMED APPOINTMENT

5.1 With effect from the date of the Response Notice in terms of Clause 4.3.2, the Grantors shall be deemed to have appointed Ambra to act as the technical and crew ship managers of the ROFR Eligible Vessel in respect of the technical and crew management services described in and subject to the SHIPMAN.  For the purpose of the deemed appointment, the Grantors shall be deemed to have full authority to appoint Ambra as technical and crew ship managers of the ROFR Eligible Vessel on behalf of the Owner of such ROFR Eligible Vessel.

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5.2 With effect from the date of the Response Notice in terms of Clause 4.3.2 Ambra shall be deemed to have agreed to act as the technical and crew managers of the ROFR Eligible Vessel for the Owner of such ROFR Eligible Vessel in respect of the technical and crew management services described in and subject to the terms of the SHIPMAN.

6 TERMINATION

6.1 In the event that the Master Agreement terminates ‑

6.1.1 the right of first refusal contained herein shall immediately cease to be exercisable;

6.1.2 any Offer Notice that may have been served under Clause 4.2 shall be deemed revoked and considered void.

6.2 In the event that the ROFR Period has expired, the right of first refusal contained herein shall lapse, always subject, however, to Clause 4.6.

7 COMMUNICATION

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), (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, or (iv) upon receipt of an e-mail to the addresses mentioned below:

If to the Grantors:

Hunter Maritime Acquisition Corp.

c/o HAMBURG MARITIME NV

De Gerlachekaai 20

2000 Antwerpen, Belgium

Attn. Mr. Benoît Timmermans

E-Mail: benoit.timmermans@cmb.be

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

Seward & Kissel LLP

One Battery Park Plaza

New York, New York 10004

Email:  wolfe@sewkis.com

Attention:  Gary J. Wolfe, Esq.

If to Ambra:

168, Ayias Phylaxoes Street

TCI Tower, 2^nd Floor

(P.O. Box 56668)

3083 Limassol, Cyprus

Tel:  00 357 25750469

Fax:  00 357 2572937

E-mail:  management@ambrashipmanagement.com

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.

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8 RIGHTS OF THIRD PARTIES

No person other than a party to this Agreement shall have any right by virtue of the Contracts (Right of Third Parties) Act 1999 to enforce any term (whether express or implied) of this Agreement.

9 COUNTERPARTS

This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall constitute a duplicate original, but all the counterparts shall together constitute the Agreement.

10 GOVERNING LAW

10.1 This Agreement shall be governed by and construed in accordance with English law and any dispute out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause.

10.2 The arbitration shall be conducted in accordance with the London Maritime Arbitrators Association (LMAA) Terms current at the time when the arbitration proceedings are commenced. The reference shall be to three arbitrators.  A party wishing to refer a dispute to arbitration shall appoint its arbitrator and send notice of such appointment in writing to the other party requiring the other party to appoint its own arbitrator within fourteen (14) calendar days of that notice and stating that it will appoints its arbitrator as sole arbitrator unless the other party appoints its own arbitrator and gives notice that it has done so within the fourteen (14) days specified.  If the other party does not appoint its own arbitrator and give notice that it has done so within the fourteen (14) days specified, the party referring a dispute to arbitration may, without the requirement of any further prior notice to the other party, appoint its arbitrator as sole arbitrator and shall advise the other party accordingly.  The award of a sole arbitrator shall be binding on both Parties as if the sole arbitrator had been appointed by agreement.

10.3 In cases where neither the claim nor any counterclaim exceeds the sum of US$100,000 the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure current at the time when the arbitration proceedings are commenced.

(signatures on next page)

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THIS AGREEMENT has been entered into as a deed on the date above stated.

EXECUTED and DELIVERED as a DEED

by _____________________________          ______________________________

for and on behalf of

HUNTER MARITIME ACQUISITION CORP

in the presence of

_______________________________          ______________________________

EXECUTED and DELIVERED as a DEED

by _____________________________          ______________________________

for and on behalf of

AMBRA SHIPMANAGEMENT LTD.

in the presence of

_______________________________          ______________________________

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ANNEX "A"

SHIPMAN

EX-10.2

Exhibit 10.2

ADDENDUM NO.1 RELATING TO A MEMORANDUM OF AGREEMENT DATED 26 APRIL 2017 "CHARLOTTE SELMER"
BETWEEN VICTORSCOPE SHIPPING COMPANY LIMITED as Sellers and HAMBURG MARITIME NV as Buyers

THIS AGREEMENT IS MADE ON 31 May 2017

BETWEEN

(1) VICTORSCOPE SHIPPING COMPANY LIMITED a company organized and existing under the laws of Cyprus and registered as a Foreign Maritime Entity under the laws of the Marshall Islands, with its registered office at 13 Karaiskaki Street 3034 Limassol, Cyprus  (the "Sellers"); and

(2) HAMBURG MARITIME NV a company organized and existing under the laws of Belgium having its registered office at De Gerlachekaai 20, 2000 Antwerp, Belgium  (the "Buyers").

BACKGROUND

I. Hunter Maritime Acquisition Corp., a corporation organized and existing under the laws of The Marshall Islands with its principal place of business at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960 The Marshall Islands (the "Original Buyers") and the Sellers entered into the MoA (as defined below).

II. Pursuant to the terms of the MoA and a notice of nomination letter dated 19 May 2017 the Original Buyers nominated the Buyers to be buyers under the MoA and the Buyers agreed to purchase and take delivery of the Vessel (as defined below).

III. The Sellers and Buyers and now wish to amend it on the terms of this Agreement.

NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement:

"MoA" means the memorandum of agreement dated 26 April 2017 pursuant to which the Sellers agreed to sell the Vessel to the Original Buyers or their nominee; and

"Vessel" means The Marshall Islands flagged vessel "CHARLOTTE SELMER" with IMO No. 9435064;

1.2 In this Agreement, unless otherwise specified expressions defined in the MoA shall have the same meaning when used in this Agreement, unless defined otherwise herein or unless the context does not permit so.

2. AMENDMENT TO MOA

2.1 Line 29 of clause 1 of the MoA shall be amended by deleting the words "twenty eight million eight hundred thousand (USD 28,800,000.00)" and replacing them with the words "twenty seven million six hundred twenty thousand (USD 27,620,000.00)".

3. FURTHER ASSURANCE

Each party shall promptly execute and deliver all such documents, and do all such things, as the other party may from time to time reasonably require for the purpose of giving full effect to the provisions of this Agreement.

4. COSTS

Save as otherwise provided or agreed by the parties, each party shall bear its own costs relating to the negotiation, preparation, execution and performance by it of this Agreement.

5. NOTICES

5.1 A notice given under this Agreement shall be in writing and provided in accordance with clause 17 of the MoA:

6. THIRD PARTY RIGHTS

A person who is not a party to this Deed has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Deed.

7. MISCELLANEOUS

7.1 A variation of this Agreement shall be in writing and signed by or on behalf of all parties.

7.2 A person that waives a right in relation to one person, or takes or fails to take any action against that person, does not affect its rights against any other person.

7.3 If any provision of this Agreement (or part of a provision) is found by any competent authority to be invalid, unenforceable or illegal, the other provisions shall remain in force and unaffected.

7.4 If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted or modified, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

7.5 This Agreement may be executed in any number of counterparts, each of which is an original and which together have the same effect as if each party had signed the same document.

8. GOVERNING LAW & JURISIDCTION

8.1 This Agreement and any disputes or claims arising out of or in connection with its subject matter or formation (including non-contractual disputes or claims) shall be governed by, and construed in accordance with, English law.

8.2 Any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996, or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause, and as further set out in clause 16 of the MoA.

This Agreement has been entered into on, and if effective from, the date stated at the beginning of it.

SIGNATURE PAGES

Signed by
for and on behalf of
VICTORSCOPE SHIPPING COMPANY LIMITED	By:  /s/ Vangelis Sykopetritis         Name: Vangelis Sykopetritis

Signed by
for and on behalf of
HAMBURG MARITIME NV	By:  /s/ Sophia Agathis        Name: Sophia Agathis        (Attorney-in-fact)

EX-10.3

Exhibit 10.3

ADDENDUM NO.1 RELATING TO A MEMORANDUM OF AGREEMENT DATED 26 APRIL 2017 "GRETA SELMER"
BETWEEN LODEO SHIPPING COMPANY LIMITED as Sellers and HAMBURG MARITIME NV as Buyers

THIS AGREEMENT IS MADE ON 31 May 2017

BETWEEN

(1) LODEO SHIPPING COMPANY LIMITED a company organized and existing under the laws of Cyprus and registered as a Foreign Maritime Entity under the laws of the Marshall Islands, with its registered office at 13 Karaiskaki Street 3034 Limassol, Cyprus  (the "Sellers"); and

(2) HAMBURG MARITIME NV a company organized and existing under the laws of Belgium having its registered office at De Gerlachekaai 20, 2000 Antwerp, Belgium  (the "Buyers").

BACKGROUND

I. Hunter Maritime Acquisition Corp., a corporation organized and existing under the laws of The Marshall Islands with its principal place of business at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960 The Marshall Islands (the "Original Buyers") and the Sellers entered into the MoA (as defined below).

II. Pursuant to the terms of the MoA and a notice of nomination letter dated 19 May 2017 the Original Buyers nominated the Buyers to be buyers under the MoA and the Buyers agreed to purchase and take delivery of the Vessel (as defined below).

III. The Sellers and Buyers and now wish to amend it on the terms of this Agreement.

NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement:

"MoA" means the memorandum of agreement dated 26 April 2017 pursuant to which the Sellers agreed to sell the Vessel to the Original Buyers; and

"Vessel" means The Marshall Islands flagged vessel "GRETA SELMER" with IMO No. 9435076;

1.2 In this Agreement, unless otherwise specified expressions defined in the MoA shall have the same meaning when used in this Agreement, unless defined otherwise herein or unless the context does not permit so.

2. AMENDMENT TO MOA

2.1 Line 29 of clause 1 of the MoA shall be amended by deleting the words "twenty eight million eight hundred thousand (USD 28,800,000.00)" and replacing them with the words "twenty seven million six hundred twenty thousand (USD 27,620,000.00)".

3. FURTHER ASSURANCE

Each party shall promptly execute and deliver all such documents, and do all such things, as the other party may from time to time reasonably require for the purpose of giving full effect to the provisions of this Agreement.

4. COSTS

Save as otherwise provided or agreed by the parties, each party shall bear its own costs relating to the negotiation, preparation, execution and performance by it of this Agreement.

5. NOTICES

5.1 A notice given under this Agreement shall be in writing and provided in accordance with clause 17 of the MoA:

6. THIRD PARTY RIGHTS

A person who is not a party to this Deed has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Deed.

7. MISCELLANEOUS

7.1 A variation of this Agreement shall be in writing and signed by or on behalf of all parties.

7.2 A person that waives a right in relation to one person, or takes or fails to take any action against that person, does not affect its rights against any other person.

7.3 If any provision of this Agreement (or part of a provision) is found by any competent authority to be invalid, unenforceable or illegal, the other provisions shall remain in force and unaffected.

7.4 If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted or modified, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

7.5 This Agreement may be executed in any number of counterparts, each of which is an original and which together have the same effect as if each party had signed the same document.

8. GOVERNING LAW & JURISIDCTION

8.1 This Agreement and any disputes or claims arising out of or in connection with its subject matter or formation (including non-contractual disputes or claims) shall be governed by, and construed in accordance with, English law.

8.2 Any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996, or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause, and as further set out in clause 16 of the MoA.

This Agreement has been entered into on the date stated at the beginning of it.

SIGNATURE PAGES

Signed by
for and on behalf of
LODEO SHIPPING COMPANY LIMITED	By:  /s/ Vangelis Sykopetritis         Name: Vangelis Sykopetritis

Signed by
for and on behalf of
HAMBURG MARITIME NV	By:  /s/ Sophia Agathis        Name: Sophia Agathis        (Attorney-in-Fact)

EX-10.4

Exhibit 10.4

ADDENDUM NO.1 RELATING TO A MEMORANDUM OF AGREEMENT DATED 26 APRIL 2017     "LENE SELMER"  

BETWEEN

FRANTIA SHIPPING COMPANY LIMITED

as Sellers

and

HAMBURG MARITIME NV

as Buyers

THIS AGREEMENT IS MADE ON 31 May 2017

BETWEEN

(1) FRANTIA SHIPPING COMPANY LIMITED a company organized and existing under the laws of Cyprus and registered as a Foreign Maritime Entity under the laws of the Marshall Islands, with its registered office at 13 Karaiskaki Street 3034 Limassol, Cyprus  (the "Sellers"); and

(2) HAMBURG MARITIME NV a company organized and existing under the laws of Belgium having its registered office at De Gerlachekaai 20, 2000 Antwerp, Belgium(the "Buyers").

BACKGROUND

I. Hunter Maritime Acquisition Corp., a corporation organized and existing under the laws of The Marshall Islands with its principal place of business at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960 The Marshall Islands (the "Original Buyers") and the Sellers entered into the MoA (as defined below).

II. Pursuant to the terms of the MoA and a notice of nomination letter dated 19 May 2017 the Original Buyers nominated the Buyers to be buyers under the MoA and the Buyers agreed to purchase and take delivery of the Vessel (as defined below).

III. The Sellers and Buyers and now wish to amend it on the terms of this Agreement.

NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement:

"MoA" means the memorandum of agreement dated 26 April 2017 pursuant to which the Sellers agreed to sell the Vessel to the Original Buyers; and

"Vessel" means The Marshall Islands flagged vessel "LENE SELMER" with IMO No. 9434448;

1.2 In this Agreement, unless otherwise specified expressions defined in the MoA shall have the same meaning when used in this Agreement, unless defined otherwise herein or unless the context does not permit so.

2. AMENDMENT TO MOA

2.1 Line 29 of clause 1 of the MoA shall be amended by deleting the words ""twenty six million five hundred thousand (USD 26,500,000.00)" and replacing them with the words "twenty five million three hundred twenty thousand (USD 25,320,000.00)".

3. FURTHER ASSURANCE

Each party shall promptly execute and deliver all such documents, and do all such things, as the other party may from time to time reasonably require for the purpose of giving full effect to the provisions of this Agreement.

4. COSTS

Save as otherwise provided or agreed by the parties, each party shall bear its own costs relating to the negotiation, preparation, execution and performance by it of this Agreement.

5. NOTICES

5.1 A notice given under this Agreement shall be in writing and provided in accordance with clause 17 of the MoA:

6. THIRD PARTY RIGHTS

A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Agreement.

7. MISCELLANEOUS

7.1 A variation of this Agreement shall be in writing and signed by or on behalf of all parties.

7.2 A person that waives a right in relation to one person, or takes or fails to take any action against that person, does not affect its rights against any other person.

7.3 If any provision of this Agreement (or part of a provision) is found by any competent authority to be invalid, unenforceable or illegal, the other provisions shall remain in force and unaffected.

7.4 If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted or modified, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

7.5 This Agreement may be executed in any number of counterparts, each of which is an original and which together have the same effect as if each party had signed the same document.

8. GOVERNING LAW & JURISIDCTION

8.1 This Agreement and any disputes or claims arising out of or in connection with its subject matter or formation (including non-contractual disputes or claims) shall be governed by, and construed in accordance with, English law.

8.2 Any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996, or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause, and as further set out in clause 16 of the MoA.

This Agreement has been entered into on the date stated at the beginning of it.

SIGNATURE PAGES

Signed by
for and on behalf of
FRANTIA SHIPPING COMPANY LIMITED	By:  /s/ Vangelis Sykopetritis        Name: Vangelis Sykopetritis

Signed by
for and on behalf of
HAMBURG MARITIME NV	By: /s/ Sophia Agathis        Name: Sophia Agathis        (Attorney-in-Fact)

EX-10.5

Exhibit 10.5

ADDENDUM NO.1 RELATING TO A MEMORANDUM OF AGREEMENT DATED 26 APRIL 2017         "HUGO SELMER"    

BETWEEN

ROVISON SHIPPING COMPANY LIMITED

as Sellers

and

HAMBURG MARITIME NV

as Buyers

THIS AGREEMENT IS MADE ON 31 May 2017

BETWEEN

(1) ROVISON SHIPPING COMPANY LIMITED a company organized and existing under the laws of Cyprus and registered as a Foreign Maritime Entity under the laws of the Marshall Islands, with its registered office at 13 Karaiskaki Street 3034 Limassol, Cyprus  (the "Sellers"); and

(2) HAMBURG MARITIME NV a company organized and existing under the laws of Belgium having its registered office at De Gerlachekaai 20, 2000 Antwerp, Belgium(the "Buyers").

BACKGROUND

I. Hunter Maritime Acquisition Corp., a corporation organized and existing under the laws of The Marshall Islands with its principal place of business at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960 The Marshall Islands (the "Original Buyers") and the Sellers entered into the MoA (as defined below).

II. Pursuant to the terms of the MoA and a notice of nomination letter dated 19 May 2017 the Original Buyers nominated the Buyers to be buyers under the MoA and the Buyers agreed to purchase and take delivery of the Vessel (as defined below).

III. The Sellers and Buyers and now wish to amend it on the terms of this Agreement.

 NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement:

"MoA" means the memorandum of agreement dated 26 April 2017 pursuant to which the Sellers agreed to sell the Vessel to the Buyers; and

"Vessel" means The Marshall Islands flagged vessel "HUGO SELMER" with IMO No. 9434448;

1.2 In this Agreement, unless otherwise specified expressions defined in the MoA shall have the same meaning when used in this Agreement, unless defined otherwise herein or unless the context does not permit so.

2. AMENDMENT TO MOA

2.1 Line 29 of clause 1 of the MoA shall be amended by deleting the words "twenty six million five hundred thousand (USD 26,500,000.00)" and replacing them with the words "twenty five million three hundred twenty thousand (USD 25,320,000.00)".

3. FURTHER ASSURANCE

Each party shall promptly execute and deliver all such documents, and do all such things, as the other party may from time to time reasonably require for the purpose of giving full effect to the provisions of this Agreement.

4. COSTS

Save as otherwise provided or agreed by the parties, each party shall bear its own costs relating to the negotiation, preparation, execution and performance by it of this Agreement.

5. NOTICES

5.1 A notice given under this Agreement shall be in writing and provided in accordance with clause 17 of the MoA:

6. THIRD PARTY RIGHTS

A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Agreement.

7. MISCELLANEOUS

7.1 A variation of this Agreement shall be in writing and signed by or on behalf of all parties.

7.2 A person that waives a right in relation to one person, or takes or fails to take any action against that person, does not affect its rights against any other person.

7.3 If any provision of this Agreement (or part of a provision) is found by any competent authority to be invalid, unenforceable or illegal, the other provisions shall remain in force and unaffected.

7.4 If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted or modified, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

7.5 This Agreement may be executed in any number of counterparts, each of which is an original and which together have the same effect as if each party had signed the same document.

8. GOVERNING LAW & JURISIDCTION

8.1 This Agreement and any disputes or claims arising out of or in connection with its subject matter or formation (including non-contractual disputes or claims) shall be governed by, and construed in accordance with, English law.

8.2 Any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996, or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause, and as further set out in clause 16 of the MoA.

This Agreement has been entered into on the date stated at the beginning of it.

SIGNATURE PAGES

Signed by
for and on behalf of
ROVISON SHIPPING COMPANY LIMITED	By:  /s/ Vangelis Sykopetritis         Name: Vangelis Sykopetritis

Signed by
for and on behalf of
HAMBURG MARITIME NV	By:  /s/ Sophia Agathis         Name: Sophia Agathis         (Attorney-in-Fact)

EX-10.6

Exhibit 10.6

Addendum no.1 RELATIng TO A MEMORANDUM OF AGREEMENT DATED 26 APRIL 2017       "TOM SELMER"

BETWEEN

VIRETO SHIPPING COMPANY LIMITED

as Sellers

and

HAMBURG MARITIME NV

as Buyers

THIS AGREEMENT IS MADE ON 31 May 2017

BETWEEN

(1) VIRETO SHIPPING COMPANY LIMITED a company organized and existing under the laws of Cyprus and registered as a Foreign Maritime Entity under the laws of the Marshall Islands, with its registered office at 13 Karaiskaki Street 3034 Limassol, Cyprus  (the "Sellers"); and

(2) HAMBURG MARITIME NV a company organized and existing under the laws of Belgium having its registered office at De Gerlachekaai 20, 2000 Antwerp, Belgium  (the "Buyers").

BACKGROUND

I. Hunter Maritime Acquisition Corp., a corporation organized and existing under the laws of The Marshall Islands with its principal place of business at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH 96960 The Marshall Islands (the "Original Buyers") and the Sellers entered into the MoA (as defined below).

II. Pursuant to the terms of the MoA and a notice of nomination letter dated 19 May 2017 the Original Buyers nominated the Buyers to be buyers under the MoA and the Buyers agreed to purchase and take delivery of the Vessel (as defined below).

III. The Sellers and Buyers and now wish to amend it on the terms of this Agreement.

NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement:

"MoA" means the memorandum of agreement dated 26 April 2017 pursuant to which the Sellers agreed to sell the Vessel to the Original Buyers; and

"Vessel" means The Marshall Islands flagged vessel "TOM SELMER" with IMO No. 9476630;

1.2 In this Agreement, unless otherwise specified expressions defined in the MoA shall have the same meaning when used in this Agreement, unless defined otherwise herein or unless the context does not permit so.

2. AMENDMENT TO MOA

2.1 Line 29 of clause 1 of the MoA shall be amended by deleting the words "twenty eight million eight hundred thousand (USD 28,800,000.00)" and replacing them with the words "twenty seven million six hundred twenty thousand (USD 27,620,000.00)".

3. FURTHER ASSURANCE

Each party shall promptly execute and deliver all such documents, and do all such things, as the other party may from time to time reasonably require for the purpose of giving full effect to the provisions of this Agreement.

4. COSTS

Save as otherwise provided or agreed by the parties, each party shall bear its own costs relating to the negotiation, preparation, execution and performance by it of this Agreement.

5. NOTICES

5.1 A notice given under this Agreement shall be in writing and provided in accordance with clause 17 of the MoA:

6. THIRD PARTY RIGHTS

A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Agreement.

7. MISCELLANEOUS

7.1 A variation of this Agreement shall be in writing and signed by or on behalf of all parties.

7.2 A person that waives a right in relation to one person, or takes or fails to take any action against that person, does not affect its rights against any other person.

7.3 If any provision of this Agreement (or part of a provision) is found by any competent authority to be invalid, unenforceable or illegal, the other provisions shall remain in force and unaffected.

7.4 If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted or modified, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

7.5 This Agreement may be executed in any number of counterparts, each of which is an original and which together have the same effect as if each party had signed the same document.

8. GOVERNING LAW & JURISIDCTION

8.1 This Agreement and any disputes or claims arising out of or in connection with its subject matter or formation (including non-contractual disputes or claims) shall be governed by, and construed in accordance with, English law.

8.2 Any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996, or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause, and as further set out in clause 16 of the MoA.

This Agreement has been entered into on the date stated at the beginning of it.

SIGNATURE PAGES

Signed by
for and on behalf of
VIRETO SHIPPING COMPANY LIMITED	By:  /s/ Vangelis Sykopetritis        Name: Vangelis Sykopetritis

Signed by
for and on behalf of
HAMBURG MARITIME NV	By:  /s/ Sophia Agathis        Name: Sophia Agathis        (Attorney-in-Fact)

EX-99.1

Exhibit 99.1

Hunter Maritime Acquisition Corp. Announces Reduction in Aggregate Purchase Price of Acquisition Vessels and Sponsor's Commitment to Limit Class A Common Share Ownership at 15% Upon Consummation of the Acquisition

May 31, 2017 – Hunter Maritime Acquisition Corp. (Nasdaq: HUNT) (the "Company") today announced a reduction in the aggregate purchase price for its previously announced proposed acquisition of five identified Capesize dry bulk carriers (the "Acquisition Vessels") in an en-bloc transaction for cash, subject to the satisfaction of certain important conditions precedent (the "Acquisition"). The aggregate purchase price of the Acquisition Vessels has been reduced from $139.4 million to $133.5 million.

In addition, the Company today announced that Bocimar Hunter NV, the Company's sponsor (the "Sponsor") has committed to forfeit, upon the consummation of the Acquisition, a number of the Company's Class B common shares that it owns, such that the number of the Company's Class A common shares that the Sponsor will receive upon the automatic conversion of the Class B common shares immediately following the consummation of the Acquisition, would represent no more than 15% of the Company's outstanding Class A common shares, after giving effect to such forfeiture and Class A common shares redeemed in the Tender Offer (described below). The Sponsor currently owns 20% of the Company's issued and outstanding common shares.

In connection with the Acquisition, the Company is conducting its previously announced tender offer, as amended or supplemented (the "Tender Offer") to purchase up to 8,233,100 of its Class A common shares, par value $0.0001 per share, at a purchase price of $10.00 per Class A common share  for an aggregate purchase price of up to $82,331,000, subject to certain conditions described in the Company's Offer to Purchase and in the related Letter of Transmittal, each as amended and supplemented, which have been filed, or will be filed, with the U.S. Securities and Exchange Commission (the "SEC") as exhibits to its Tender Offer Statement on Schedule TO (the "Schedule TO").  The Company intends to file with the SEC a supplement to its Offer to Purchase as an amendment to its Schedule TO to disclose the developments described in this press release, among others. The Tender Offer is being made pursuant to the Company's organizational documents to provide the Company's public shareholders with an opportunity to redeem their Class A common shares for a pro rata portion of the trust account established to hold the proceeds of the Company's initial public offering. The Sponsor previously agreed with the Company to waive its redemption rights in connection with the Tender Offer and the Acquisition with respect to any Class A common shares it has acquired. The Tender Offer expires at 5:00 p.m. New York City time on Friday, June 2, 2017, unless extended or earlier terminated by the Company.

The Company's board of directors recommends that existing shareholders not tender their Class A common shares after they review the Offer to Purchase, as amended and supplemented, contained in the Schedule TO, which has been filed with the SEC and which has been distributed to shareholders.

About Hunter Maritime Acquisition Corp.

Hunter Maritime Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, debt acquisition, stock purchase, reorganization or other similar business combination, vessels, vessel contracts (including contracts for the purchase and charter-in of vessels) or one or more operating businesses, which the Company intends to be in the international maritime shipping industry.

Important Legal Information

This announcement is for informational purposes only and does not constitute an offer to purchase nor a solicitation of an offer to sell securities of the Company. The Company has filed a tender offer statement on Schedule TO containing an offer to purchase, form of letter of transmittal and other documents relating to the Tender Offer, as such documents have been or may be amended from time to time. These documents contain important information about the Tender Offer that should be read carefully and considered before any decision is made with respect to the Tender Offer. These materials have been and will be made available to the shareholders of the Company at no expense to them. In addition, such materials (and all other documents filed by the Company with SEC are, and will be, available at no charge from the SEC through its website at www.sec.gov. Shareholders may also obtain free copies of the documents filed with the SEC by the Company by directing a request to Morrow Sodali LLC, as Information Agent for the Tender Offer, by telephone at: (800) 662-5200 or by email at: HUNT.info@morrowsodali.com. Shareholders of the Company are urged to read the Tender Offer documents and other relevant materials before making any investment decision with respect to the Tender Offer because they contain important information about the Tender Offer and the Acquisition described herein.

This press release contains "forward looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "should" and similar expressions are forward looking statements. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Actual results may differ, possibly materially, from those anticipated in these forward looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.