Document:

Exhibit

Exhibit 10.34
On January 31, 2017, the Board of Directors of SCYNEXIS, Inc. took the following compensation actions with respect to SCYNEXIS’s following executive officers (collectively, the “Officers”):
2016 Officer Bonuses
Approved cash bonuses for the Officers based on SCYNEXIS’s performance for the calendar year 2016:
	
					
	Executive Officer
	 
	Title
	

	Bonus

	Marco Taglietti, M.D.
	 
	Chief Executive Officer
	 
	$210,100

	David Angulo, M.D.
	 
	Chief Medical Officer
	 
	$136,600

	Eric Francois
	 
	Chief Financial Officer
	 
	$113,000

2017 Salaries

Approved the 2017 salaries for the Officers, to be effective March 1, 2017, as follows:
	
					
	Executive Officer
	 
	Title
	

	2017 Salary

	Marco Taglietti, M.D.
	 
	Chief Executive Officer
	 
	$510,000

	David Angulo, M.D.
	 
	Chief Medical Officer
	 
	$413,800

	Eric Francois
	 
	Chief Financial Officer
	 
	$360,500

Option Grants
Approved stock option grants under SCYNEXIS 's 2014 Equity Incentive Plan to the following Officers:
	
					
	Executive Officer
	 
	Title
	

	Shares subject to Option

	Marco Taglietti, M.D.
	 
	Chief Executive Officer
	 
	360,000

	David Angulo, M.D.
	 
	Chief Medical Officer
	 
	140,000

	Eric Francois
	 
	Chief Financial Officer
	 
	100,000

The options have an exercise price of $3.02 per share and vest on a monthly basis over a four-year period, provided such officer is continuing to provide services to SCYNEXIS on such vesting date.Exhibit

Exhibit 10.35

AMENDMENT TO
COMMITMENT TO SERVICES AGREEMENT
THIS AMENDMENT effective as of January 17, 2017 (this “Amendment”) amends that certain Commitment to Services Agreement dated as of July 17, 2015, as amended (the “Agreement”) by and between SCYNEXIS, Inc. and Accuratus Lab Services, Inc. n/k/a Avista Pharma Solutions, Inc. (the “Parties”).  Capitalized terms not defined herein have the meaning set forth in the Agreement. 
The Parties agree to amend the Agreement as follows:
		
	1.
	Initial Term.  Section 4.1 of the Agreement is hereby deleted in its entirety and replaced with the following:

“Agreement.  Unless sooner terminated in accordance with Section 4.3 hereof or upon the mutual written agreement of the Parties, the term of this Agreement shall commence on the Effective Date and continue in effect until January 31, 2018 (the “Initial Term”); provided that all Project Addenda still in effect shall continue in effect only until the completion of the Services under such outstanding Project Addendum, subject to Section 4.3.”
  
		
	2.
	Effect of Amendment.  Except as expressly modified by this Amendment, all other terms and conditions set forth in the Agreement shall remain unchanged and in full force and effect.  This Amendment is made pursuant to Section 10.4 of the Agreement.

1

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be signed and executed by their proper officers thereunto duly authorized as of the date first above written.    
SCYNEXIS, INC.

By:    /s/ Marco Taglietti, M.D.    
Name:  Marco Taglietti, M.D.
Title:    Chief Executive Officer

AVISTA PHARMA SOLUTIONS, INC.

By:    /s/ Rob Goshert    
Name:  Rob Goshert
Title:    Vice President, Business Operations

Cc:    Matthew Hemington, hemingtonmb@cooley.com
J. David Jacobs, jdj@ampersandcapital.com 

2Exhibit 4.27

 

SUPPLEMENTAL LETTER

 

		To:	POLYARISTI NAVIGATION CO.

EFPLOIAS SHIPPING CO.
and

AMORITA DEVELOPMENT
INC.

each of 80 Broad Street

Monrovia

Republic of Liberia

 

		From:	ABN AMRO BANK N.V.

93 Coolsingel

3012 AE Rotterdam

Netherlands

 

HSH NORDBANK AG

Gerhart Hauptmann Platz
50

D-20095 Hamburg

Germany

 

ITF INTERNATIONAL TRANSPORT
FINANCE SUISSE AG

Wasserwerkstrasse 12

CH-8006 Zurich

Switzerland

 

6 May 2016

 

Dear Sirs

 

We refer to a loan agreement dated 6 May
2011 (as amended and restated by two amending and restating agreements dated 9 August 2012 and 9 August 2013, respectively and
as further amended and supplemented by a supplemental agreement dated 25 November 2014 and a supplemental and release agreement
dated 25 June 2015, the “Loan Agreement”) and made between (i) Polyaristi Navigation Co., Efploias Shipping
Co. and Amorita Development Inc. as joint and several borrowers (the "Borrowers"), (ii) the banks and financial
institutions listed in schedule 1 therein as lenders (the "Lenders"), (iii) ABN AMRO Bank N.V. as agent (in such
capacity, the "Agent"), first swap bank, underwriter and security trustee and (iv) HSH Nordbank AG as second swap
bank, to in respect of a loan facility in an amount of (originally) up to US$100,000,000.

 

Words and expressions defined in the Loan
Agreement shall have the same meanings when used in this letter.

 

We also refer to the recent discussions
between us in which you have requested that the Creditor Parties consent to the deferral of the repayment instalments in respect
of the Tranches used to finance "MAULE", "BOX VOYAGER" and "BOX TRADER" payable on 6 May 2016 in
the aggregate amount of $1,925,000 in accordance with clauses 8.1 and 8.2 of the Loan Agreement to 20 May 2016 (the "Request").

 

		1	Agreement

 

In consideration of the sum of
US$1 and other good and valuable consideration (the receipt and adequacy of which is hereby acknowledged), the Creditor Parties
hereby agree to the Request subject to:

 

     

     

    

 

		(a)	the conditions set out in paragraph 3 below; and

 

		(b)	the Borrowers executing the acknowledgement to this letter confirming their agreement to the terms
and conditions of the same.

 

		2	Amendments to the Loan Agreement and the other Finance Documents

 

In consideration of the agreement
of the Creditor Parties referred to in paragraph 1 of this letter and upon and with effect from the date on which the Agent notifies
the Borrowers in writing of the satisfaction of the conditions referred to in paragraph 3 below (the "Effective Date"),
the Loan Agreement and the other Finance Documents shall be, and shall be deemed by this letter to be, amended as follows:

 

		(a)	by construing all references in the Loan Agreement to "this Agreement", "hereunder"
and the like and in the other Finance Documents to the "Loan Agreement" as references to the Loan Agreement as amended
and supplemented by this letter;

 

		(b)	by construing references in the Loan Agreement to each of the other Finance Documents as being
references to each such document as the same is amended and supplemented by this letter; and

 

		(c)	by construing references throughout each of the Finance Documents (other than the Loan Agreement)
to "this Agreement", "this Deed", "hereunder" and other like expressions as if the same referred
to such Finance Documents as amended and supplemented by this letter.

 

		3	Conditions

 

Our agreement contained in paragraph
1 of this letter shall be expressly subject to the condition that we shall have received in form and substance as may be approved
or required by us on or before the Effective Date:

 

		(a)	an original of this letter duly executed by the parties to it; and

 

		(b)	if the Agent so requires, in respect of any of the documents referred to above, a certified English
translation prepared by a translator approved by the Agent.

 

		4	Representations and Warranties

 

		(a)	Each Borrower hereby represents and warrants to the Agent that (a) the representations and warranties
contained in clause 10 of the Loan Agreement are true and correct on the date of this letter as if all references therein to "this
Agreement" were references to the Loan Agreement as supplemented by this letter; and (b) this letter comprises the legal,
valid and binding obligations of the Borrowers enforceable in accordance with its terms.

 

		(b)	The Corporate Guarantor hereby represents and warrants to the Agent that (a) the representations
and warranties contained in clause 10 of the Corporate Guarantee are true and correct on the date of this letter as if all references
therein to "this Agreement" were references to the Loan Agreement as supplemented by this letter; and (b) this letter
comprises the legal, valid and binding obligations of the Corporate Guarantor enforceable in accordance with its terms.

 

		5	Loan Agreement and other Finance Documents

 

Each Borrower
hereby agrees with the Agent that the provisions of the Loan Agreement and the other Finance Documents shall be and are hereby
re-affirmed and remain in full force and effect as amended and supplemented by this letter.

 

    	 	2	 

     

    

 

		6	notices

 

Clause 28 (notices)
of the Loan Agreement shall extend and apply to this letter as if the same were (mutatis mutandis) herein expressly set forth.

 

		7	Governing law

 

This letter
shall be governed by and construed in accordance with English law and Clause 31 (law and jurisdiction) of the Loan Agreement shall
extend and apply to this letter as if the same were (mutatis mutandis) herein expressly set forth.

 

Please confirm your acceptance to the foregoing
terms and conditions by signing the acceptance at the foot of this letter.

 

	Yours faithfully	 
	 	 
	 	 
	for and on behalf of	 
	ABN AMRO BANK N.V.	 
	 	 
	 	 
	for and on behalf of	 
	ITF INTERNATIONAL TRANSPORT FINANCE SUISSE AG	 
	 	 
	 	 
	for and on behalf of	 
	HSH NORDBANK AG	 

 

    	 	3	 

     

    

 

	Accepted and agreed	 
	 	 
	BORROWERS	 
	 	 
	 	 
	for and on behalf of	 
	POLYARISTI NAVIGATION CO.	 
	 	 
	Dated 6 May 2016	 
	 	 
	 	 
	for and on behalf of	 
	EFPLOIAS SHIPPING CO.	 
	 	 
	Dated 6 May 2016	 
	 	 
	 	 
	for and on behalf of	 
	AMORITA DEVELOPMENT INC.	 
	 	 
	Dated 6 May 2016	 
	 	 
	COLLATERAL OWNERS	 
	 	 
	 	 
	for and on behalf of	 
	ROSETTA NAVIGATION CORP. LIMITED	 
	 	 
	 	 
	for and on behalf of	 
	TRITON SHIPPING LIMITED	 

 

    	 	4	 

     

    

 

COUNTERSIGNED this 6th
day of May 2016 for and on behalf of each Security Party which, by its execution hereof, confirms and acknowledges that it has
read and understood the terms and conditions of the above letter (the "Supplemental Letter"), that it agrees in
all respects to the same and that the Finance Documents to which it is 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 the Master Agreements (each as
amended and supplemented by the Supplemental Letter).

  

	 	 
	BOX SHIPS INC.	 
	 	 
	 	 
	ALLSEAS MARINE S.A.	 

 

    	 	5

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