EX-10.4 5 d622386dex104.htm EX-10.4 EX-10.4

Exhibit 10.4

EXECUTION VERSION

SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of October 31, 2018, among Navios Maritime Holdings Inc., a Marshall Islands corporation, (the “Company”), Navios Maritime Finance II (US) Inc., a Delaware corporation (together with the Company, the “Co-Issuers”), Pacifico Navigation Corp., a Marshall Islands corporation and an indirect wholly owned subsidiary of the Company (the “Guaranteeing Subsidiary”), the other Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, as trustee (or its permitted successor) under the Indenture referred to below (the “Trustee”) and as collateral trustee (or its permitted successor) under the Indenture referred to below (the “Collateral Trustee”).

WITNESSETH

WHEREAS, the Co-Issuers and the Guarantors have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of November 21, 2017 providing for the issuance of 11.25% Senior Secured Notes due 2022 (the “Notes”);

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Co-Issuers’ obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Second Supplemental Indenture.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary, the Co-Issuers and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee, on and subject to the terms, conditions and limitations set forth in the Notation of Guarantee and in the Indenture, including, but not limited, to Article Ten thereof.

3. NEW YORK LAW TO GOVERN. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO CONFLICTS OF LAW PRINCIPLES TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

4. COUNTERPARTS. The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

5. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

6. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Co-Issuers.

[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

PACIFICO NAVIGATION CORP.
By.   

/s/ VASILIKI PAPAEFTHYMIOU

  Name:   Vasiliki Papaefthymiou
  Title:   Authorized Officer
NAVIOS MARITIME HOLDINGS INC.
By.   /s/ VASILIKI PAPAEFTHYMIOU
  Name:   Vasiliki Papaefthymiou
  Title:   Executive Vice President, Legal
NAVIOS MARITIME FINANCE II (US) INC.
By.   /s/ VASILIKI PAPAEFTHYMIOU
  Name:   Vasiliki Papaefthymiou
  Title:   President

 

[Signature Page to Second Supplemental Indenture]

ALPHA MERIT CORPORATION

ASTEROID SHIPPING S.A.

 

CLOUD ATLAS MARINE S.A.

HEODOR SHIPPING INC.

THALASSA MARINE S.A.,

as Guarantors

By.    /s/ VASILIKI PAPAEFTHYMIOU
  Name:   Vasiliki Papaefthymiou
  Title:   Director/Secretary

DIESIS SHIPMANAGEMENT LTD

MANDORA SHIPPING LTD

SOLANGE SHIPPING LTD.

TULSI SHIPMANAGEMENT CO.

CINTHARA SHIPPING LTD

RAWLIN SERVICES COMPANY

MAUVE INTERNATIONAL S.A.

AQUIS MARINE CORP.

FAITH MARINE LTD.

VECTOR SHIPPING CORPORATION

ARAMIS NAVIGATION INC.

DUCALE MARINE INC.

HIGHBIRD MANAGEMENT INC.

RED ROSE SHIPPING CORP.

GINGER SERVICES CO.

QUENA SHIPMANAGEMENT INC.

ASTRA MARITIME CORPORATION

PRIMAVERA SHIPPING CORPORATION

PUEBLO HOLDINGS LTD

BEAUFIKS SHIPPING CORPORATION

ROWBOAT MARINE INC.

CORSAIR SHIPPING LTD.

PHAROS NAVIGATION S.A.

SIZZLING VENTURES INC.

SHIKHAR VENTURES S.A.

TAHARQA SPIRIT CORP.

RHEIA ASSOCIATES CO.

RUMER HOLDING LTD.

KLEIMAR NV

NAV HOLDINGS LIMITED

NAVIOS CORPORATION

 

[Signature Page to Second Supplemental Indenture]

ANEMOS MARITIME HOLDINGS INC.

NAVIOS SHIPMANAGEMENT INC.

AEGEAN SHIPPING CORPORATION

ARC SHIPPING CORPORATION

MAGELLAN SHIPPING CORPORATION

IONIAN SHIPPING CORPORATION

APOLLON SHIPPING CORPORATION

HERAKLES SHIPPING CORPORATION

ACHILLES SHIPPING CORPORATION

KYPROS SHIPPING CORPORATION

HIOS SHIPPING CORPORATION

MERIDIAN SHIPPING ENTERPRISES INC.

MERCATOR SHIPPING CORPORATION

HORIZON SHIPPING ENTERPRISES CORPORATION

STAR MARITIME ENTERPRISES CORPORATION

NAVIOS HANDYBULK INC.

NAVIOS INTERNATIONAL INC.

NOSTOS SHIPMANAGEMENT CORP.

PORTOROSA MARINE CORP.

WHITE NARCISSUS MARINE S.A.

HESTIA SHIPPING LTD.

SERENITY SHIPPING ENTERPRISES INC.,

            as Guarantors

By.    /s/ VASILIKI PAPAEFTHYMIOU
  Name:   Vasiliki Papaefthymiou
  Title:   Director and Authorized Officer

NAVIOS CONTAINERS MANAGEMENT INC.,

            as Guarantor

By.   /s/ PANAGIOTIS PITER KALLIFIDAS
  Name:   Panagiotis Piter Kallifidas
  Title:   Director/Secretary
LAVENDER SHIPPING CORPORATION, as Guarantor
By.   /s/ GEORGE ACHNIOTIS
  Name:   George Achniotis
  Title:   President/Director

 

[Signature Page to Second Supplemental Indenture]

NAVIOS ASIA LLC, as Guarantor
By.    /s/ GEORGE ACHNIOTIS
  Name:   George Achniotis
  Title:   Manager

JASMINE SHIPPING CORPORATION

 

IRIS SHIPPING CORPORATION, as Guarantors

By.   /s/ GEORGE ACHNIOTIS
  Name:   George Achniotis
  Title:   Treasurer/Director
EMERY SHIPPING CORPORATION, as Guarantors
By.   /s/ GEORGE ACHNIOTIS
  Name:   George Achniotis
  Title:   President/Director

 

[Signature Page to Second Supplemental Indenture]

TRIANGLE SHIPPING CORPORATION
ESMERALDA SHIPPING CORPORATION, as Guarantors
By.    /s/ GEORGE ACHNIOTIS
  Name: George Achniotis
  Title:   President

ROSELITE SHIPPING CORPORATION

 

SMALTITE SHIPPING CORPORATION, as Guarantors

By.   /s/ GEORGE ACHNIOTIS
  Name: George Achniotis
  Title:   President/Director
MOTIVA TRADING LTD, as Guarantor
By.   /s/ ANNA KALATHAKIS
  Name: Anna Kalathaki
  Title:   Director and Treasurer/Secretary
KLEIMAR LTD., as Guarantor
By.   /s/ GEORGE ACHNIOTIS
  Name: George Achniotis
  Title:   Secretary and Director

 

[Signature Page to Second Supplemental Indenture]

NAVIMAX CORPORATION, as Guarantor
By.    /s/ SHUNJI SASADA
  Name: Shunji Sasada
  Title:   President
NAVIOS TANKERS MANAGEMENT INC., as Guarantor
By.   /s/ ALEXANDROS LAIOS
  Name: Alexandros Laios
  Title:   Secretary/Director

 

[Signature Page to Second Supplemental Indenture]

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
By:    /s/ CASEY A. BOYLE
  Name: Casey A. Boyle
  Title:   Assistant Vice President
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Trustee
By:   /s/ CASEY A. BOYLE
  Name: Casey A. Boyle
  Title:   Assistant Vice President

 

[Signature Page to Second Supplemental Indenture]