exv10w1





Exhibit
10.1

     FOURTH SUPPLEMENTAL INDENTURE (this “Fourth Supplemental Indenture”), dated as of July 1,
2011, among Navios Maritime Acquisition Corporation, a Marshall Islands corporation, (the
“Company”), Navios Acquisition Finance (US) Inc., a Delaware corporation (together with the
Company, the “Co-Issuers”), and Kithira Shipping Corporation and Antikithira Shipping Corporation ,
(each a “Guaranteeing Subsidiary”), each a Marshall Islands corporation and an indirect subsidiary
of the Company, 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 October 21, 2010 providing for the issuance of
8 5/8% First Priority Ship Mortgage Notes due 2017 (the “Notes”);



     WHEREAS, the Indenture provides that under certain circumstances each Guaranteeing Subsidiary
shall execute and deliver to the Trustee a supplemental indenture pursuant to which each
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 Fourth Supplemental Indenture.



     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, each Guaranteeing Subsidiary 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. Each 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.



     4. NEW YORK LAW TO GOVERN. THIS FOURTH 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.



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



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



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



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



	 	 	 	 	 
	 	KITHIRA SHIPPING CORPORATION

ANTIKITHIRA SHIPPING CORPORATION

 	 
	 	By:  	/s/ Alexandros Laios
 	 
	 	 	Name:  	Alexandros Laios	 
	 	 	Title:  	Secretary/Director 	 
	 



	 	 	 	 	 
	 	NAVIOS MARITIME ACQUISITION CORPORATION

 	 
	 	By:  	/s/ Leonidas Korres
 	 
	 	 	Name:  	Leonidas Korres	 
	 	 	Title:  	Chief Financial Officer 	 
	 



	 	 	 	 	 
	 	NAVIOS ACQUISITION FINANCE (US) INC.

 	 
	 	By:  	/s/ Vasiliki Papaefthymiou
 	 
	 	 	Name:  	Vasiliki Papaefthymiou	 
	 	 	Title:  	President/Secretary 	 
	 



	 	 	 	 	 
	 	SHINYO DREAM LIMITED

SHINYO KANNIKA LIMITED

SHINYO LOYALTY LIMITED

SHINYO NAVIGATOR LIMITED

SHINYO OCEAN LIMITED

SHINYO SAOWALAK LIMITED

SHINYO KIERAN LIMITED

 	 
	 	By:  	/s/ Alexandros Laios
 	 
	 	 	Name:  	Alexandros Laios 	 
	 	 	Title:  	Director 	 



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AEGEAN SEA MARITIME HOLDINGS INC.

THERA SHIPPING CORPORATION

TINOS SHIPPING CORPORATION

AMORGOS SHIPPING CORPORATION

ANDROS SHIPPING CORPORATION

ANTIPAROS SHIPPING CORPORATION

CRETE SHIPPING CORPORATION

IKARIA SHIPPING CORPORATION

IOS SHIPPING CORPORATION

KOS SHIPPING CORPORATION

MYTILENE SHIPPING CORPORATION

RHODES SHIPPING CORPORATION

SIFNOS SHIPPING CORPORATION

SKIATHOS SHIPPING CORPORATION

SKOPELOS SHIPPING CORPORATION

SYROS SHIPPING CORPORATION




	 	 	 	 	 
	 	 	 
	 	By:  	                      /s/ George Achniotis
 	 
	 	 	Name:  	George Achniotis 	 
	 	 	Title:  	President/Director 	 
	 



AMINDRA NAVIGATION CO.

SERIFOS SHIPPING CORPORATION

FOLEGANDROS SHIPPING CORPORATION




	 	 	 	 	 
	 	 	 
	 	By:  	                                                    /s/ Alexandros Laios
 	 
	 	 	Name:  	Alexandros Laios	 
	 	 	Title:  	Secretary/Director 	 
	 



	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Martin Reed
 	 
	 	 	Name:  	Martin Reed 	 
	 	 	Title:  	Vice President 	 



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	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,


as Collateral Trustee

 	 
	 	By:  	/s/ Martin Reed
 	 
	 	 	Name:  	Martin Reed 	 
	 	 	Title:  	Vice President 	 



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