EX-10.2



 Exhibit 10.2 

AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT 

This AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT (this “Amendment”), dated as of May 14, 2014 is made by and between
Navios Maritime Acquisition Corporation, a Marshall Islands corporation (“NMAC”) and Navios Shipmanagement Inc., a Marshall Islands corporation (“NSM”, and together with NMAC, the “Parties”) and
amends the Management Agreement (the “Agreement”) entered into between the Parties on May 28, 2010. Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given them in the Agreement. 

W I T N E S S E T H: 

WHEREAS, the Parties desire to amend the Agreement. 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Parties hereby agree as follows: 
  

	 	1.	Article I, Section 10 of the Agreement shall be amended and restated in its entirety as follows: 


“Term And Termination. This Agreement shall have a term until May 28, 2020 unless terminated by either party
hereto on not less than one hundred and twenty (120) days’ notice if: 
 (a) in the case of Navios Acquisition,
there is a Change of Control of the Manager; 
 (b) in the case of the Manager, there is a Change of Control of Navios
Acquisition; 
 (c) the other party breaches this Agreement; 

(d) a receiver is appointed for all or substantially all of the property of the other party; 

(e) an order is made to wind-up the other party; 

(f) a final judgment, order or decree which materially and adversely affects the ability of the other party to perform this
Agreement shall have been obtained or entered against that party and such judgment, order or decree shall not have been vacated, discharged or stayed; or 

(g) the other party makes a general assignment for the benefit of its creditors, files a petition in bankruptcy or for
liquidation, is adjudged insolvent or bankrupt, commences any proceeding for a reorganization or arrangement of debts, dissolution or liquidation under any law or statute or of any jurisdiction applicable thereto or if any such proceeding shall be
commenced. 







 This Agreement may be terminated by either party hereto on not less than three hundred and
sixty-five (365) days’ notice for any reason other than any of the reasons set forth in the immediately preceding paragraph. 
  

	 	2.	Full Force and Effect. Except as modified by this Amendment, all other terms and conditions in the Agreement shall remain in full force and effect. 


 

	 	3.	Effect. Unless the context otherwise requires, the Agreement, as amended, and this Amendment shall be read together and shall have effect as if the provisions of the Agreement, as amended, and this Amendment were
contained in one agreement. After the effective date of this Amendment, all references in the Agreement to “this Agreement,” “hereto,” “hereof,” “hereunder” or words of like import referring to the Agreement
shall mean the Agreement, as amended, as further modified by this Amendment. 

  

	 	4.	Counterparts. This Amendment may be executed in separate counterparts, all of which taken together shall constitute a single instrument. 


[Remainder of page intentionally left blank. Signature page to follow.] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment effective as of the day and
year first above written. 
  

			
	NAVIOS MARITIME ACQUISITION CORPORATION
	
	 /s/ Leonidas Korres

	By:	 	Leonidas Korres
	Title:	 	Chief Financial Officer
	
	NAVIOS SHIPMANAGEMENT INC.
	
	 /s/ George Achniotis

	By:	 	George Achniotis
	Title:	 	President/Director

 [Signature Page - Amendment to Administrative Services Agreement]