EX-10.1



 Exhibit 10.1 

 

			
	From	 	DVB Bank SE
		 	Platz der Republik 6
		 	D-60325
		 	Frankfurt Am Main
		 	Germany
		
	To:	 	Navios Maritime Partners L.P.
		 	Trust Company Complex
		 	Ajeltake Road , Ajeltake Island
		 	Majuro, Marshall Islands, MH96960

 27 March 2013 
 Dear Sirs 
  

	Re:	Loan agreement dated as of 31 July 2012 (as amended and supplemented by a supplemental agreement dated 4 December 2012, the “Loan Agreement”) and
made between (1) Navios Maritime Partners L.P. of the Marshall Islands as Borrower, (2) DVB Bank SE and Commerzbank AG as Lenders, (3) DVB Bank SE as Joint-Arranger, Agent and Security Trustee and (4) Commerzbank AG as
Joint-Arranger, Payment Agent and, Account Bank 

 We refer to the Loan Agreement. Terms defined in the Loan Agreement shall
have the same meanings when used in this letter. 
 At your request we hereby agree that, with effect from the date of this letter, the Loan
Agreement be amended by: 
  

	1.	deleting in the definition of “Majority Lenders” (a) the words “when there are two Lenders, both of them, and at any time when there are more
than two Lenders,” and (b) the figure “75%” and replacing it with “69.99%”; and 

  

	2.	adding at the end of the definition of “Security Value” the words “and (c) cash standing to the credit of the Retention Account (excluding
the Retention Amounts) over which there is an Encumbrance as security for the obligations of the Borrower under this Agreement”. 

 Save for the amendments referred to above, the Loan Agreement and the other Security Documents shall continue in full force and effect. 
 This letter may be executed in any number of counterparts. 
 This letter shall be governed by, and
construed in accordance with, English law. 
 Yours faithfully, 

 

	
	 /s/ Ronan Le Du

	 RONAN LE DU
 for and on behalf of

	 DVB BANK SE
 as Agent









 We hereby confirm our acceptance of and our agreement to the terms and conditions of the above letter.

 Dated 27 March 2013 
  

	
	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU
	For and on behalf of
	NAVIOS MARITIME PARTNERS L.P.

 We on this 27th day of March 2013 hereby confirm and acknowledge that we have read and understood the terms and
conditions of the above letter and agree in all respects to the same and confirm that the Security Documents to which we are a party shall remain in full force and effect and shall continue to stand as security for the obligations of the Borrowers
under the Loan Agreement and shall, without limitation, secure the Loan. 
  

					
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	NAVIOS MARITIME OPERATING L.L.C.	  		  	NAVIOS SHIPMANAGEMENT INC.
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	LIBRA SHIPPING ENTERPRISES	  		  	ALEGRIA SHIPPING CORPORATION
	CORPORATION	  		  	
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	FANTASTIKS SHIPPING CORPORATION	  		  	FELICITY SHIPPING CORPORATION
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	GALAXY SHIPPING CORPORATION	  		  	GEMINI SHIPPING CORPORATION
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	AURORA SHIPPING ENTERPRISES LTD.	  		  	HYPERION ENTERPRISES INC.


  
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	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	SAGITTARIUS SHIPPING CORPORATION	  		  	PALERMO SHIPPING S.A.
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	CHILALI CORP.	  		  	SURF MARITIME CO.
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	ALDEBARAN SHIPPING CORPORATION	  		  	PROSPERITY SHIPPING CORPORATION
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	CUSTOMIZED DEVELOPMENT S.A.	  		  	PANDORA MARINE INC.
			
	 /s/ Vasiliki Papaefthymiou
	  		  	 /s/ Vasiliki Papaefthymiou

	VASILIKI PAPAEFTHYMIOU	  		  	VASILIKI PAPAEFTHYMIOU
	For and on behalf of	  		  	For and on behalf of
	KOHYLIA SHIPMANAGEMENT S.A.	  		  	ORBITER SHIPPING CORP.
			
	 /s/ Vasiliki Papaefthymiou
	  		  	
	VASILIKI PAPAEFTHYMIOU	  		  	
	For and on behalf of	  		  	
	JTC SHIPPING & TRADING LTD	  		  	


  
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