Document:

exv10w2

Exhibit 10.2

     SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of May 20,
2011, among Navios Maritime Acquisition Corporation, a Marshall Islands corporation, (the
“Company”), Navios Acquisition Finance (US) Inc., a Delaware corporation (together with the
Company, the “Co-Issuers”), and Amindra Navigation Co., a Marshall Islands corporation (the
“Guaranteeing Subsidiary”), and a direct subsidiary of the Company, the other Guarantors (as
defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, as trustee
(or its permitted successor) under the Indenture referred to below (the “Trustee”) and as
collateral trustee (or its permitted successor) under the Indenture referred to below (the
“Collateral Trustee”).

     WITNESSETH

     WHEREAS, the Co-Issuers and the Guarantors have heretofore executed and delivered to the
Trustee an indenture (the “Indenture”), dated as of October 21, 2010 providing for the issuance of
8 5/8% First Priority Ship Mortgage Notes due 2017 (the “Notes”);

     WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary
shall execute and deliver to the Trustee a supplemental indenture pursuant to which the
Guaranteeing Subsidiary shall unconditionally guarantee all of the Co-Issuers’ obligations under
the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”);
and

     WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Second Supplemental Indenture.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:

     1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.

     2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an
unconditional Guarantee, on and subject to the terms, conditions and limitations set forth in the
Notation of Guarantee and in the Indenture, including, but not limited, to Article Ten thereof.

     4. NEW YORK LAW TO GOVERN. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO CONFLICTS
OF LAW PRINCIPLES TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY.

     5. COUNTERPARTS. The parties may sign any number of copies of this Second Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

 

 

     6. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not
affect the construction hereof.

     7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect
of the recitals contained herein, all of which recitals are made solely by the Guaranteeing
Subsidiary and the Co-Issuers.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed and attested, all as of the date first above written.

	 	 	 	 	 
	 	AMINDRA NAVIGATION CO.

 	 
	 	By:  	/s/
Alexandros Laios 	 
	 	 	Name:  	Alexandros Laios 	 
	 	 	Title:  	Secretary/Director 	 
	 
	 	NAVIOS MARITIME ACQUISITION CORPORATION

 	 
	 	By:  	/s/
Leonidas Korres 	 
	 	 	Name:  	Leonidas Korres 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	NAVIOS ACQUISITION FINANCE (US) INC.

 	 
	 	By:  	/s/ Vasiliki Papaefthymiou 	 
	 	 	Name:  	Vasiliki Papaefthymiou 	 
	 	 	Title:  	President/Secretary 	 
	 
	 	SHINYO DREAM LIMITED

SHINYO KANNIKA LIMITED

SHINYO LOYALTY LIMITED

SHINYO NAVIGATOR LIMITED

SHINYO OCEAN LIMITED

SHINYO SAOWALAK LIMITED

SHINYO KIERAN LIMITED

 	 
	 	By:  	/s/ Alexandros Laios 	 
	 	 	Name:  	Alexandros Laios 	 
	 	 	Title:  	Director 	 
	 

 

 

	 	 	 	 	 
	 	

AEGEAN SEA MARITIME HOLDINGS INC.

THERA SHIPPING CORPORATION

TINOS SHIPPING CORPORATION

AMORGOS SHIPPING CORPORATION

ANDROS SHIPPING CORPORATION

ANTIPAROS SHIPPING CORPORATION

CRETE SHIPPING CORPORATION

IKARIA SHIPPING CORPORATION

IOS SHIPPING CORPORATION

KOS SHIPPING CORPORATION

MYTILENE SHIPPING CORPORATION

RHODES SHIPPING CORPORATION

SIFNOS SHIPPING CORPORATION

SKIATHOS SHIPPING CORPORATION

SKOPELOS SHIPPING CORPORATION

SYROS SHIPPING CORPORATION

 	 
	 	By:  	/s/ George Achniotis 	 
	 	 	Name:  	George Achniotis 	 
	 	 	Title:  	President/Director 	 
	 
	 	SERIFOS SHIPPING CORPORATION

FOLEGANDROS SHIPPING CORPORATION

 	 
	 	By:  	/s/ Alexandros Laios 	 
	 	 	Name:  	Alexandros Laios 	 
	 	 	Title:  	Secretary/Director 	 
	 
	 	WELLS FARGO
BANK, NATIONAL
ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Martin Reed 	 
	 	 	Name:  	Martin Reed	 
	 	 	Title:  	Vice President	 
	 
	 	WELLS FARGO
BANK, NATIONAL
ASSOCIATION,

as Collateral Trustee

 	 
	 	By:  	/s/ Martin Reed 	 
	 	 	Name:  	Martin Reed	 
	 	 	Title:  	Vice Presidentexv10w3

Exhibit 10.3

          THIRD SUPPLEMENTAL INDENTURE (this “Third Supplemental Indenture”), dated as of May 26,
2011, among Navios Maritime Acquisition Corporation, a Marshall Islands corporation, (the
“Company”), Navios Acquisition Finance (US) Inc., a Delaware corporation (together with the
Company, the “Co-Issuers”), the Guarantors (as defined in the Indenture referred to herein) and
Wells Fargo Bank, National Association, as trustee (or its permitted successor) under the Indenture
referred to below (the “Trustee”) and as collateral trustee (or its permitted successor) under the
Indenture referred to below (the “Collateral Trustee”).

          WITNESSETH

          WHEREAS, the Co-Issuers and the Guarantors have heretofore executed and delivered to the
Trustee an indenture (the “Indenture”), dated as of October 21, 2010 providing for the issuance of
8 5/8% First Priority Ship Mortgage Notes due 2017 (the “Notes”);

          WHEREAS, Section 9.01 of the Indenture provides, among other things, that the Co-Issuers, the
Guarantors and the Trustee may amend or supplement the Indenture without the consent of any Holder
of a Note to provide for the issuance of Additional Notes in accordance with the Indenture; and

          WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and
deliver this Third Supplemental Indenture.

          NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Co-Issuers, the Guarantors and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:

          1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.

          2. ADDITIONAL NOTES. On or after the date hereof, the Co-Issuers shall issue $105,000,000 in
aggregate principal amount of Additional Notes which shall be considered Notes for all purposes
under the Indenture. The Additional Notes and the Trustee’s certificate of authentication shall be
substantially in the form included in the Indenture.

          3. RATIFICATION. Except as expressly amended by this Supplemental Indenture, each provision
of the Indenture (including any pledge or grant of security interests, mortgages or other liens on
the Co-Issuers’ and Guarantors’ assets, including, without limitation, the grant of the security
interest and lien on the Co-Issuers in all of their right, title and interest in the Trust Monies
and the Collateral Account, as security for the obligations under the Indenture and the Notes as
described therein) shall remain in full force and effect, and the Indenture is in all respects
agreed to, ratified and confirmed by each of the Co-Issuers, the Guarantors, the Trustee,
Collateral Agent, Registrar and Paying Agent.

          4. GOVERNING LAW; WAIVER OF JURY TRIAL; SUBMISSION TO JURISDICTION. THIS THIRD
SUPPLEMENTAL INDENTURE SHALL BE GOVERNED

 

 

BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT
TO CONFLICTS OF LAW PRINCIPLES TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE CO-ISSUERS, THE TRUSTEE AND THE COLLATERAL
TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS THIRD
SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

          5. COUNTERPARTS. The parties may sign any number of copies of this Third Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

          6. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not
affect the construction hereof.

          7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Third Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Guarantors and the
Co-Issuers.

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed and attested, all as of the date first above written.

	 	 	 	 	 
	 	NAVIOS MARITIME ACQUISITION CORPORATION

 	 

					
	 	By:  	/s/ Vasiliki Papaefthymiou	 
	 	 	Name:  	Vasiliki Papaefthymiou 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	NAVIOS ACQUISITION FINANCE (US) INC.

 	 

					
	 	By:  	/s/ Vasiliki Papaefthymiou	 
	 	 	Name:  	Vasiliki Papaefthymiou 	 
	 	 	Title:  	President 	 

	 	 	 	 	 
	 	SHINYO DREAM LIMITED

SHINYO KANNIKA LIMITED

SHINYO LOYALTY LIMITED

SHINYO NAVIGATOR LIMITED

SHINYO OCEAN LIMITED

SHINYO SAOWALAK LIMITED

SHINYO KIERAN LIMITED

AMINDRA NAVIGATION CO.

SERIFOS SHIPPING CORPORATION

FOLEGANDROS SHIPPING CORPORATION

 	 
	 	By:  	/s/ Alexandros Laios	 
	 	 	Name:  	Alexandros Laios 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AEGEAN SEA MARITIME HOLDINGS INC.

THERA SHIPPING CORPORATION

TINOS SHIPPING CORPORATION

AMORGOS SHIPPING CORPORATION

ANDROS SHIPPING CORPORATION

ANTIPAROS SHIPPING CORPORATION

CRETE SHIPPING CORPORATION

IKARIA SHIPPING CORPORATION

IOS SHIPPING CORPORATION

KOS SHIPPING CORPORATION

MYTILENE SHIPPING CORPORATION

RHODES SHIPPING CORPORATION

SIFNOS SHIPPING CORPORATION

SKIATHOS SHIPPING CORPORATION

SKOPELOS SHIPPING CORPORATION

SYROS SHIPPING CORPORATION

 	 
	 	By:  	/s/ George Achniotis	 
	 	 	Name:  	George Achniotis 	 
	 	 	Title:  	President/Director 	 
	 
	 	AMINDRA NAVIGATION CO.

SERIFOS SHIPPING CORPORATION

FOLEGANDROS SHIPPING CORPORATION

 	 

					
	 	By:  	/s/ Alexandros Laios 	 
	 	 	Name:  	Alexandros Laios 	 
	 	 	Title:  	Secretary/Director 	 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 	 

					
	 	By:  	/s/ Martin Reed 	 
	 	 	Name:  	Martin Reed	 
	 	 	Title:  	Vice President	 

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Collateral Trustee

 	 

					
	 	By:  	/s/ Martin Reed	 
	 	 	Name:  	Martin Reed	 
	 	 	Title:  	Vice President

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