Exhibit 10.1
LETTER OF AMENDMENT Nr. 2
TO AN AGREEMENT DATED 7 SEPTEMBER 2010
Dated as of 8th November 2011
To: |
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NAVIOS MARITIME ACQUISITION CORPORATION
Trust Company Complex Ajeltake Road
Ajeltake Island
Majuro-Marshall Islands
(the “Borrower”) |
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Att: |
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Mr. Leonidas Korres |
Dear Sirs,
Re: |
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Agreement dated 7 September 2010 (together with all amendments
thereto or supplements thereof the “Agreement”) made between the
Borrower and Navios Maritime Holdings Inc. of the Republic of the
Marshall Islands (“Navios”). |
We refer to the Agreement and all terms not otherwise defined herein shall have the meaning
ascribed to them in the Agreement.
In view of your request to extend availability under the Loan until December 31, 2014, we hereby
agree as follows:
1. To amend the following clauses of the Agreement to read as follows:
“5.1 The Borrower must repay the Loan thereon in full on December 31, 2014 (time being of the
essence).”
2. The Borrower shall pay Navios a fee of four-hundred thousand Dollars ($400,000) in two (2) equal
installments, by April 1, 2012 and November 8, 2012.
All other terms of the Agreement shall remain unaltered and in full force and effect.
It is hereby expressly stated that notwithstanding the amendments (including Letter of Amendment
Nr. 1) and/or additions to the Agreement referred to in this letter of amendment nr.2 all the
Finance Documents shall remain in full force and effect.
[SIGNATURE PAGE FOLLOWS]
Please confirm your agreement to the terms and conditions of this letter of amendment nr.2 by
signing the enclosed copy of this letter of amendment nr.2 and returning it to us.
Yours faithfully,
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NAVIOS MARITIME HOLDINGS INC.
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By: |
/s/ George Achniotis |
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Name: |
George Achniotis |
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Title: |
Chief Financial Officer |
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We hereby
agree to and accept this letter of amendment nr.2.
Date: 8th November 2011
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NAVIOS MARITIME ACQUISITION CORPORATION
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By: |
/s/ Leonidas Korres |
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Name: |
Leonidas Korres |
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Title: |
Chief Financial Officer |
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