|   | A. | CLP owns vessels and requires certain commercial and technical management services for the operation of its fleet; |
|--------|----|--------------------------------------------------------------------------------------------------------------------|

|   | B. | Pursuant to the Management Agreement, CLP engaged CSM to provide such commercial and technical management services to CLP on the terms set out therein; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | On the 13th day of August 2010, CLP acquired Canvey Shipmanagement Co. (“Canvey”), the vessel owning company of the product tanker “Insurgentes”, ex name Assos (the “Vessel”), currently registered in the port of Salina Cruz, Oaxaca, Mexico in the name of  Arrendadora Ocean Mexicana S.A. De C.V. of the Republic of Mexico (“Arrendadora”) as lessee pursuant to a financial lease agreement (the “Financial Lease Agreement”) between Arrendadora as lessee and Canvey as lessor; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | D. | Arrendadora, as lessee, has entered into a bareboat charter (the “Bareboat Charter”) with Pemex Refinación (“Pemex”) a public organization, decentralized from the federal government of Mexico, as bareboat/demise charterer in respect of the Vessel. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | E. | Arrendadora has also entered into a management agreement with CSM, pursuant to which CSM performs a number of technical management services for the normal operation of the Vessel, excluding services related to the following: (i) fuel/bunkers and lubricating oil, (ii) victual/stores to the Vessel,  (iii) crew (except that personnel required for the maintenance on board and on shore is to be provided by CSM), (iv) port fees, (v) catering, (vi) all Mexican taxes/duties and (vii) all type of insurances and bonds in relation to the Vessel (the “Arrendadora Management Agreement”). The technical and management services to be provided by CSM to Arrendadora are described exclusively and exhaustively in more detail in Schedule 2 of the Arrendadora Management Agreement. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | F. | In accordance with the terms of the Arrendadora Management Agreement, Arrendadora pays a fixed daily amount of USD$3,075.00 (Three thousand seventy five 00/100 US Dollars) for the duration of the Financial Lease Agreement (the “Arrendadora Management Fee”). Following the formation of an Administrative Trust Agreement amongst, inter alia, Canvey, CSM and Arrendadora such Arrendadora Management Fee is paid by Arrendadora to CSM through payment made to Canvey. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | G. | CLP has agreed to pay the Arrendadora Management Fee to CSM through Canvey. |
|--------|----|-----------------------------------------------------------------------------|

|   | H. | In addition to the services set out in the Arrendadora Management Agreement, CLP has agreed to pay a fixed daily fee of USD$500 to CSM for the provision of certain additional services not provided under the Arrendadora Management Agreement (the “CLP Bareboat Fee”); |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | I. | CLP has requested that CSM agree to amend certain provisions of the Management Agreement, as set forth herein; and |
|--------|----|--------------------------------------------------------------------------------------------------------------------|

|   | J. | CSM is willing to agree to such amendments as set forth herein. |
|--------|----|-----------------------------------------------------------------|

----

| Vessel Name                 |   | Daily Fee in US$ |
|-----------------------------|--------|------------------|
|                        |   |             |   |
| Atlantas               |   |             | 250 |   |
| Aktoras                |   |             | 250 |   |
| Agisilaos              |   |             | 5,500 |   |
| Arionas                |   |             | 5,500 |   |
| Axios                  |   |             | 5,500 |   |
| Aiolos                 |   |             | 250 |   |
| Avax                   |   |             | 5,500 |   |
| Akeraios               |   |             | 5,500 |   |
| Anemos I               |   |             | 5,500 |   |
| Apostolos              |   |             | 5,500 |   |
| Alexandros II          |   |             | 250 |   |
| Aristotelis II         |   |             | 250 |   |
| Aris II                |   |             | 250 |   |
| Attikos                |   |             | 5,500 |   |
| Amore Mio II           |   |             | 8,500 |   |
| Aristofanis            |   |             | 5,500 |   |
| Agamemnon II           |   |             | 6,500 |   |
| Ayrton II              |   |             | 6,500 |   |
| El Pipila(ex Atrotos)  |   |             | 3,575 |   (3,075 + 500) |
| Alkiviadis             |   |             | 7,000 |   |
| Insurgentes(ex Assos)       |   |             | 3,575 |   (3,075 + 500) |

----

| Vessel Name                 |   | ExpectedTermination Date          |
|-----------------------------|--------|-----------------------------------|
|                        |   |                              |
| Atlantas               |   | January-April 2011                |
| Aktoras                |   | April-July 2011              |
| Agisilaos              |   | May-August 2011              |
| Arionas                |   | August-November 2011         |
| Axios                  |   | December 2011-March 2012     |
| Aiolos                 |   | November 2011-February 2012  |
| Avax                   |   | December 2011-March 2012          |
| Akeraios               |   | May-August 2012              |
| Anemos I               |   | July-October 2012            |
| Apostolos              |   | July-October 2012            |
| Alexandros II          |   | December 2012-March 2013     |
| Aristotelis II         |   | March-June 2013              |
| Aris II                |   | May-August 2013              |
| Attikos                |   | September-November 2012           |
| Amore Mio II           |   | March - April 2013                |
| Aristofanis            |   | March - April 2013                |
| Agamemnon II                |   | October 2013                 |
| Ayrton II              |   | March 2014                        |
| El Pipila(ex Atrotos)  |   | March 2014                        |
| Alkiviadis             |   | June 2015                         |
| Insurgentes(ex Assos)       |   | March 2014                        |

----

----

|   | CAPITAL PRODUCT PARTNERS L.P. BY ITS GENERAL PARTNER, CAPITAL GP L.L.C.,  |                               |
|--------|--------------------------------------------------------------------------------|------------------------------------|
|   |                                                                           |                               |   |
|   | By:                                                                            | /s/ Ioannis E. Lazaridis |   |
|   |                                                                           | Name:                    | Ioannis E. Lazaridis |   |
|   |                                                                           | Title:                   | Chief Executive Officer and Chief Financial Officer of Capital GP L.L.C. |   |
|   |                                                                           |                               |   |

|   | CAPITAL SHIP MANAGEMENT CORP.,  |                          |
|--------|--------------------------------------|-------------------------------|
|   |                                 |                          |   |
|   | By:                                  | /s/ Nikolaos Syntichakis |   |
|   |                                 | Name:               | Nikolaos Syntichakis |   |
|   |                                 | Title:              | Attorney-in-Fact |   |
|   |                                 |                          |

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