Document:

ex4-13.htm

    Exhibit
4.13

     

    
      

       

      

       

      AMENDMENT
TO MANAGEMENT AGREEMENT

       

      AMENDMENT
NO. 5 made effective the  13th day
of April 2009 to the Management Agreement dated the 3rd day
of April 2007, as amended the 24th day of September 2008 and the 27th day of
March 2008 and the 30th day of April 2008 and the 7th
April 2009 (the “Management
Agreement”); by and between CAPITAL PRODUCT PARTNERS L.P., a limited
partnership duly organized and existing under the laws of the Marshall Islands
(“CLP”), and
CAPITAL SHIP MANAGEMENT CORP., a  company duly organized and existing
under the laws of Panama with its registered office at Hong Kong Bank building,
6th
floor, Samuel Lewis Avenue, Panama, and a representative office established in
Greece at 3, Iassonos Street, Piraeus Greece (“CSM”).

       

      WHEREAS:

       

      
        	
                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.  

              	
                CLP
      wishes to acquire the product tanker Ayrton II and to dispose of the
      product tanker Atrotos;

              

      

       

      
        	
                D.  

              	
                CLP
      wishes for CSM to provide commercial and technical services under the
      Management Agreement with respect to the product tanker Ayrton II and to
      cease providing such services for the product tanker
    Atrotos;

              

      

       

      
        	
                E.  

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

              

      

       

      
        	
                F.  

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

              

      

       

      NOW
THEREFORE, in consideration of the premises and the agreements, provisions and
covenants herein contained, the parties hereto hereby agree, on the terms and
subject to the conditions set forth herein, as follows:

       

      Section
1.  Defined
Terms.  Capitalized terms used but not defined herein shall
have the meanings assigned to such terms in the Management
Agreement.

       

       

      
        
          
          

        

        
          A-1

          
            

          

        

        
          
          

        

      

       

       

      Section
2.  Amendments.  (a)
Paragraph (22) of Schedule “A” of the Management Agreement is hereby amended to
read in its entirety as follows:

       

      
        	
                 
      

              	
                (22)
      CSM shall make arrangements as instructed by the respective Classification
      Societies of the Amore Mio II, the Aristofanis, the Agamemnon II and
      Ayrton II for the next scheduled intermediate or special survey of each
      vessel, as applicable, and all costs in connection with passing such
      survey (including dry-docking) and satisfactory compliance with class
      requirements will be borne by CSM.

              

      

       

      (b)  Schedule
“B” of the Management Agreement is hereby amended to read in its entirety as
follows:

       

      SCHEDULE B

       

      FEES

       

      In
consideration for the provision of the Services listed in Schedule A by CSM to
CLP, CLP shall pay CSM a fixed daily fee per time-chartered Vessel, payable on
the last day of each month, and will also pay a fixed daily fee of US$250 per
bareboat-chartered Vessel, as set forth in the table
below.  Notwithstanding anything in this Agreement to the contrary,
this Schedule will be amended from time to time to reflect the applicable fee
for each Additional Vessel, which fee shall be negotiated on a vessel-by-vessel
basis.

       

      
        	
                
                  Vessel
      Name

                

              	 	
                
                   

                  Daily
      Fee in US$

                

              
	 
      	 	 
      
	
                Atlantas

                 

              	 	
                250

              
	
                Aktoras

                 

              	 	
                250

              
	
                Agisilaos

                 

              	 	
                5,500

              
	
                Arionas

                 

              	 	
                5,500

              
	
                Axios

                 

              	 	
                5,500

              
	
                Aiolos

                 

              	 	
                250

              
	
                Avax

                 

              	 	
                5,500

              
	
                Atrotos

                 

              	 	
                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

                 

              

      

       

       

      
        
          
          

        

        
          A-2

          
            

          

        

        
          
          

        

      

       

       

      (c)  Schedule
“E” of the Management Agreement is hereby amended to read in its entirety as
follows:

       

      SCHEDULE
E

       

      

       

      DATE OF
TERMINATION

      

       

      

      
        	
                
                  Vessel
      Name

                

              	 	
                
                  Expected

                  Termination
      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

              
	
                Atrotos

                 

              	 	
                February-May
      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

              

      

       

       

      
        
          
          

        

        
          A-3

          
            

          

        

        
          
          

        

      

       

       

      Section
3.  Effectiveness of
Amendment.  This Amendment shall become effective as of the
date hereof (the “Amendment Effective
Date”).

       

      Section
4.  Effect of
Amendment.  Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of, amend, or otherwise affect the rights and remedies of CLP or CSM
under the Management Agreement, and shall not alter, modify, amend or in any way
affect any of the terms, conditions, obligations, covenants or agreements
contained in the Management Agreement, all of which are ratified and affirmed in
all respects and shall continue in full force and effect.  Nothing
herein shall be deemed to entitle CLP or CSM to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Management Agreement in
similar or different circumstances.  This Amendment shall apply and be
effective with respect to the matters expressly referred to
herein.  After the Amendment Effective Date, any reference to the
Management Agreement shall mean the Management Agreement with such amendments
effected hereby.

       

      Section
5.  Counterparts.  This
Amendment may be executed in one or more signed counterparts, facsimile or
otherwise, which shall together form one instrument.

       

       

       

       

       

       

      
        
          
          

        

        
          A-4

          
            

          

        

        
          
          

        

      

       

       

      IN
WITNESS WHEREOF the Parties have executed this Amendment by their duly
authorized signatories with effect on the date first above written.

       

      
        	 	
                CAPITAL
      PRODUCT PARTNERS L.P. BY ITS GENERAL PARTNER, CAPITAL GP
      L.L.C.,

              
	 	 
	 	
                By:

              
	 	 
      	 
      
	 	 
      	
                Name:
      Ioannis E. Lazaridis

              
	 	 
      	
                Title:
      Chief Executive Officer and Chief Financial Officer of Capital GP
      L.L.C.

              

      

      

      
        	 	
                CAPITAL
      SHIP MANAGEMENT CORP.,

              
	 	 
	 	
                By:

              
	 	 
      	 
      
	 	 
      	
                Name:
 Nikolaos
  Syntichakis

              
	 	 
      	
                Title  :

  Attorney-in-Fact

              

      

      

       

       

       

       

       

       

       

       

       

       

       

      A-5ex4-14.htm

    Exhibit
4.14

     

     

     

    
      AMENDMENT
TO MANAGEMENT AGREEMENT

       

      AMENDMENT
NO. 6 dated 30th
April 2009 to the
Management Agreement dated the 3rd day
of April 2007, as amended, and made effective as of the Amendment Effective Date
as defined below (the “Management
Agreement”); by and between CAPITAL PRODUCT PARTNERS L.P., a limited
partnership duly organized and existing under the laws of the Marshall Islands
(“CLP”), and
CAPITAL SHIP MANAGEMENT CORP., a  company duly organized and existing
under the laws of Panama with its registered office at Hong Kong Bank building,
6th
floor, Samuel Lewis Avenue, Panama, and a representative office established in
Greece at 3, Iassonos Street, Piraeus Greece (“CSM”).

       

      WHEREAS:

       

      
        	
                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.  

              	
                Certain
      matters have come to the attention of the Parties which were not covered
      by such Management Agreement at the time it was entered
    into;

              

      

       

      
        	
                D.  

              	
                The
      Parties are willing to agree and have agreed to amend certain provisions
      of the Management Agreement, as set forth herein;
  and

              

      

       

      NOW
THEREFORE, in consideration of the premises and the agreements, provisions and
covenants herein contained, the parties hereto hereby agree, on the terms and
subject to the conditions set forth herein, as follows:

       

      Section
1.  Defined
Terms.  Capitalized terms used but not defined herein shall
have the meanings assigned to such terms in the Management
Agreement.

       

      

      
        
          
          

        

        
          A-1

          
            

          

        

        
          
          

        

      

       

       

      Section
2.  Amendments.  (a)
Paragraph (1) of Schedule “D” of the Management Agreement is hereby amended to
read in its entirety as follows:

       

      (1)                           
repairs,
refurbishment or modifications, including those not covered by the guarantee of
the shipbuilder or by the insurance covering the Vessels, resulting from
maritime accidents, collisions, other accidental damage or unforeseen events
(except to the extent that such accidents, collisions, damage or events are due
to the fraud, gross negligence or wilfull misconduct of CSM, its employees or
its agents, unless and to the extent otherwise covered by insurance). CSM shall
be entitled to receive additional remuneration for time (charged at the rate of
US$750 per man per day of 8 hours) for any time that the personnel of CSM will
spend on attendance on any Vessel in connection with matters set out this
subsection (1). In addition CLP will pay any reasonable travel and accommodation
expenses of the CSM personnel incurred in connection with such additional time
spent.

       

      Section
3.  Effectiveness of
Amendment.  The Parties agree that this Amendment shall be
effective as of 1stApril
2009.

       

      Section
4.  Effect of
Amendment.  Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of, amend, or otherwise affect the rights and remedies of CLP or CSM
under the Management Agreement, and shall not alter, modify, amend or in any way
affect any of the terms, conditions, obligations, covenants or agreements
contained in the Management Agreement, all of which are ratified and affirmed in
all respects and shall continue in full force and effect.  Nothing
herein shall be deemed to entitle CLP or CSM to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Management Agreement in
similar or different circumstances.  This Amendment shall apply and be
effective with respect to the matters expressly referred to
herein.  As of the date hereof, any reference to the Management
Agreement shall mean the Management Agreement with such amendments effected
hereby.

       

      Section
5.  Counterparts.  This
Amendment may be executed in one or more signed counterparts, facsimile or
otherwise, which shall together form one instrument.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      IN
WITNESS WHEREOF the Parties have executed this Amendment by their duly
authorized signatories with effect on the date first above written.

       

      
        	
                CAPITAL
      PRODUCT PARTNERS L.P. BY ITS GENERAL PARTNER,

                CAPITAL
      GP L.L.C.,

                 

              
	
                By:

              
	 
      	 
      
	 
      	
                Name:
      Ioannis E. Lazaridis

              
	 
      	
                Title:  
      Chief Executive Officer and Chief Financial

                    Officer
      of Capital GP L.L.C.

              

      

       

      
 

      
        	
                CAPITAL
      SHIP MANAGEMENT CORP.,

                 

              
	
                By:

              
	 
      	 
      
	 
      	
                Name:
 Nikolaos
  Syntichakis

              
	 
      	
                Title  :

  Attorney-in-Fact

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