Document:

Exhibit 10.55

THIS DEED is made on        29  September 2017

NATIXIS

as lender

in favour of

CHAMPION OCEAN NAVIGATION CO.

 as borrower

SEANERGY MARITIME HOLDINGS CORP.

as guarantor

FIDELITY MARINE INC.

as commercial manager

and

V SHIPS LIMITED

as technical manager

DEED OF RELEASE

relating to a loan facility dated 2 December 2015

(as amended and supplemented from time to time)

of (originally) up to US$39,412,000

Index

	
Clause

	 	
Page

	 	 	 
	
1

	
Interpretation

	
1

	
2

	
Release of Security

	
2

	
3

	
Reassignment of Assigned Property

	
2

	
4

	
Further Documents

	
2

	
5

	
Third party rights

	
3

	
6

	
Governing Law and Jurisdiction

	
3

Schedules

	
Schedule 1 Form of Notice of Reassignment of Insurances

	
4

Execution

	
Execution Page

	
5

THIS DEED is made on      29 September 2017

BY

	(1)	
NATIXIS, a "societe anonyme", located at 30, Avenue Pierre Mendes-France, F-75013 Paris, France with a share capital of 5,019,319,328, registered in Paris, France under number 542044524 as lender (the "Lender");

IN FAVOUR OF

	(2)	
CHAMPION OCEAN NAVIGATION CO., a corporation incorporated in the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Liberia (the "Borrower");

	(3)	
SEANERGY MARITIME HOLDINGS CORP., a corporation incorporated in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, the Marshall Islands as guarantor (the "Guarantor");

	(4)	
V SHIPS LIMITED, a corporation organised and existing under the laws of the Republic of Cyprus whose registered office is at Zinas Kanther, 16-18, Agia Triada, 3035 Limassol, Cyprus (the "Approved Technical Manager"); and

	(5)	
FIDELITY MARINE INC., a corporation incorporated in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, the Marshall Islands (the "Approved Commercial Manager" and together with the Approved Technical Manager, the "Approved Managers" and each an "Approved Manager").

BACKGROUND

	(A)	
By the Facility Agreement, the Lender made available to the Borrower a facility of (originally) US$39,412,000.

	(B)	
Under the Facility Agreement, the Guarantor guaranteed the obligations of the Borrower under the Finance Documents.

	(C)	
As security for the Secured Liabilities, the Transaction Obligors entered into the Security Documents

	(D)	
In consideration of the discharge by the Borrower of its obligations to the Lender under the Finance Documents, the Lender has agreed to execute this Deed.

IT IS AGREED as follows:

	1	
INTERPRETATION

	1.1	
Definitions

In this Deed:

"Facility Agreement" means the facility agreement dated 2 December 2015 (as amended and supplemented from time to time) and made between, amongst others, (i) the Borrower (ii) the Guarantor and (iii) the Lender.

	1.2	
Defined expressions

Defined expressions in the Facility Agreement shall have the same meanings when used in this Deed unless the context otherwise requires or unless otherwise defined in this Deed.

	1.3	
Application of construction and interpretation provisions of Facility Agreement

Clause 1.2 (Construction) of the Facility Agreement applies to this Deed as if it were expressly incorporated in it with any necessary modifications.

	2	
RELEASE OF SECURITY

	2.1	
Release

The Lender unconditionally and irrevocably releases all Security created in its favour by the Borrower, the Guarantor and the Approved Managers under the Security Documents.

	2.2	
Release of obligations

The Lender unconditionally and irrevocably releases the Borrower, the Guarantor and the Approved Managers from their respective obligations under any undertakings in any Security Document relating to any asset a Security over which is released by to this Deed as well as under any claims (other than in respect of any indemnities which are intended to survive) the Lender may have under the Agreement or any of the Security Documents.

	3	
REASSIGNMENT OF ASSIGNED PROPERTY

	3.1	
Reassignment

The Lender, without any warranty, representation, covenant or other recourse, reassigns:

	(a)	
to the Borrower, all rights and interests of every kind which the Lender now has to, in or in connection with the Secured Assets (as defined in the General Assignment);

	(b)	
to the Borrower, all rights and interests, of every kind which the Lender now has to, in or in connection with the Mortgage; and

	(c)	
to each Approved Manager, all rights and interest of every kind which the Lender now has to, in or in connection with the relevant Manager's Undertaking.

	4	
FURTHER DOCUMENTS

	4.1	
Delivery of further documents

Subject to the Borrower paying to the Lender all expenses incurred by the Lender in accordance with clause 14 (Costs and expenses) of the Facility Agreement, the Lender shall promptly after execution and delivery of this Deed:

		(a)	
deliver to the Borrower:

		(i)	
a copy of a Certificate of Ownership and Encumbrances evidencing that the that the Mortgage has been discharged; and

		(ii)	
an executed notice of reassignment of Insurances in the form set out in Schedule 1 (Form of Notice of Reassignment);

		(b)	
deliver to each Approved Manager an executed notice of reassignment of Insurances in the form set out in Schedule 1 (Form of Notice of Reassignment).

2

	5	
THIRD PARTY RIGHTS

A person who is not a party to this Deed, or who is not expressed to be a beneficiary of the terms of this Deed, has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Deed.

	6	
GOVERNING LAW AND JURISDICTION

	(a)	
This Deed and any non-contractual obligations arising out of or in connection with it are governed by English law.

	(b)	
The English courts shall have exclusive jurisdiction in relation to all disputes arising out of or in connection with this Deed.

This Deed has been executed as a Deed and delivered on the date stated at the beginning of this Deed.

3

SCHEDULE 1

 FORM OF NOTICE OF REASSIGNMENT OF INSURANCES

m.v. "CHAMPIONSHIP" (the "Ship")

We, NATIXIS, of 30, Avenue Pierre Mendes-France, F-75013 Paris, France, the assignee of all rights and interest of every kind which [Champion Ocean Navigation Co.] [Fidelity Marine Inc.] [V Ships Limited] (the "Assignor") has to, in or in connection with all policies and contracts of insurance in respect of the Ship, its earnings or otherwise (including entries of the Ship in any protection and indemnity or war risks association) (the "Insurances") pursuant to a first priority assignment dated 7 December 2015 (the "Assignment") GIVE NOTICE that we have reassigned to the Assignor all of the rights and interest of every kind to the Insurances under the Assignment and, with effect from the date of this Notice, we have no further rights or interest in the Insurances.

_________________________________

Attorney-in-fact

for and on behalf of

NATIXIS

Dated:          September 2017

4

EXECUTION PAGE

LENDER

	
EXECUTED AS A DEED

	
)

	 
	
by NATIXIS

	
)

	 
	
acting by Alice Lightfoot

	
)

	
/s/ Alice Lightfoot

	
expressly authorised in accordance

	
)

	
Attorney-in-Fact

	
with the laws of France

	
)

	 
	
being an attorney-in-fact

	
)

	 
	
in the presence of:

	
)

)

	 
	
Witness' signature:     /s/ Emmanouil Pontikis

	
)

	 
	
Witness' name:           Emmanouil Pontikis

	
)

	 
	
Witness' address:

	
Watson Farley & Williams

	
)

	 
	 	
348 Syngrou Avenue

176 74 Kallithea

Athens – Greece

	 	 

5Exhibit 10.63

Dated        13  June 2018

JELCO DELTA HOLDING CORP.

as Lender

and

SEANERGY MARITIME HOLDINGS CORP.

as Borrower

and

KNIGHT OCEAN NAVIGATION CO.

as Guarantor

DEED OF RELEASE

relating to a facility of (originally)

US$12,800,000

 for m.v. "LORDSHIP" and m.v. "KNIGHTSHIP"

Index

	
Clause

	 	
Page

	 	 	 
	
1

	
Interpretation

	
2

	
2

	
Release of Security

	
2

	
3

	
Reassignment of Assigned Property

	
3

	
4

	
Further Documents

	
3

	
5

	
Confirmation

	
4

	
6

	
Course of Dealing

	
4

	
7

	
Third party rights

	
4

	
8

	
Governing Law and Jurisdiction

	
4

Schedules

	
Schedule 1 The Released Assets

	
4

	
Schedule 2

	
5

	
Part A Form of Notice of Reassignment  Notice of Reassignment of Insurances

	
5

Execution

	
Execution

	
10

THIS DEED is made on         13 June 2018

PARTIES

	(1)	
JELCO DELTA HOLDING CORP., a corporation incorporated in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, the Marshall Islands as lender (the "Lender")

	(2)	
SEANERGY MARITIME HOLDINGS CORP., a corporation incorporated in the Republic of the Marshall Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, the Marshall Islands as borrower (the "Borrower")

	(3)	
KNIGHT OCEAN NAVIGATION CO., a corporation incorporated and existing under the laws of the Republic of Liberia having its registered office at 80 Broad street, Monrovia, Liberia, as guarantor (the "Guarantor")

BACKGROUND

	(A)	
By the Facility Agreement the Lender made available to the Borrower a facility of (originally) up to US$12,800,000.

	(B)	
By a guarantee dated 28 November 2016 and made between (i) Lord Ocean Navigation Co. as additional guarantor (the "Released Guarantor") and (ii) the Lender, the Released Guarantor guaranteed the obligations of the Borrower under the Facility Agreement and the other Finance Documents.

	(C)	
As security for the Secured Liabilities, the Borrower, the Guarantor and the Released Guarantor entered into the Finance Documents.

	(D)	
It has been agreed that certain assets assigned, mortgaged, pledged or charged in favour of the Lender and the obligations and liabilities of the Released Guarantor under the Guarantee and the other Finance Documents creating a Security Interest over any of the Released Assets shall be released, subject to the terms of this Deed.

OPERATIVE PROVISIONS

	1	
INTERPRETATION

	1.1	
Definitions

In this Deed:

"Facility Agreement" means the facility agreement dated 28 November 2016 and made between (i) the Borrower and (ii) the Lender.

"Mortgage" means the second preferred Liberian Mortgage over the whole of the Ship dated 30 November 2016 duly recorded in the Office of the Deputy Commissioner of Maritime Affairs of the Republic of Liberia on 30 November 2016 at 5:52 AM, E.S.T. in New York, U.S.A. in Book PM 68 at page 1130.

"Ship" means m.v. "LORDSHIP" (Official Number 17745) currently registered in the ownership of the Released Guarantor under the Liberian flag.

"Released Assets" means the assets listed in Schedule 1 (The Released Assets).

	1.2	
Defined expressions

Defined expressions in the Facility Agreement shall have the same meanings when used in this Deed unless the context otherwise requires or unless otherwise defined in this Deed.

	1.3	
Application of construction and interpretation provisions of Facility Agreement

Clause 1.2 (construction of certain terms) of the Facility Agreement applies to this Deed as if it were expressly incorporated in it with any necessary modifications.

	2	
RELEASE OF SECURITY

	2.1	
Release

The Lender irrevocably and unconditionally releases the Guarantee and all the Released Assets from the Security Interests created in its favour under the Finance Documents.

	2.2	
Release of obligations

The Lender irrevocably and unconditionally releases the Released Guarantor from all its obligations and liabilities under the Facility Agreement and all other Finance Documents.

	3	
REASSIGNMENT OF ASSIGNED PROPERTY

	3.1	
Reassignment

The Lender, without any warranty, representation, covenant or other recourse, reassigns to the Released Guarantor, all rights and interests of every kind in any Released Assets assigned to the Lender by the Released Guarantor.

2

	4	
FURTHER DOCUMENTS

	4.1	
Delivery of further documents

Subject to the Borrower paying to the Lender all expenses incurred by the Lender in accordance with the Facility Agreement, the Lender shall promptly after execution and delivery of this Deed deliver to the Borrower:

	(a)	
evidence that the Mortgage has been discharged; and

	(b)	
an executed notice of reassignment of Insurances in the form set out in Part A of Schedule 2 (Form of Notice of Reassignment);

	5	
CONFIRMATION

The Borrower confirms that, for the benefit of the Lender, notwithstanding the execution of this Deed and the release of the Released Assets, each of its liabilities under the Facility Agreement and the other Finance Documents to which it is a party continue to be legal, valid and binding as against the Borrower and enforceable in accordance with their respective terms, other than in relation to the Released Assets.

	6	
COURSE OF DEALING

The Borrower acknowledges and agrees that the acceptance by the Lender of this Deed shall not be construed as to establish or indicate any course of dealing on the Lender's part including, without limitation, any obligation to provide any notice or request any acknowledgement or confirmation not otherwise expressly provided for in any of the Facility Agreement and the other Finance Documents with respect to any future release of any asset assigned, mortgaged, pledged and/or charged to the Lender by or pursuant to the Finance Documents.

	7	
THIRD PARTY RIGHTS

A person who is not a party to this Deed, or who is not expressed to be a beneficiary of the terms of this Deed, has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Deed.

	8	
GOVERNING LAW AND JURISDICTION

	(a)	
This Deed and any non-contractual obligations arising out of or in connection with it are governed by English law hereof.

	(b)	
The English courts shall have exclusive jurisdiction in relation to all disputes arising out of or in connection with this Deed.

This Deed has been executed as a Deed and delivered on the date stated at the beginning of this Deed.

3

SCHEDULE 1

 THE RELEASED ASSETS

The Ship

The Earnings, Insurances, any Charter, any Charter Guarantee and any Requisition Compensation each as defined in the General Assignment granted by the Released Guarantor

4

SCHEDULE 2

PART A

FORM OF NOTICE OF REASSIGNMENT

NOTICE OF REASSIGNMENT OF INSURANCES

m.v. "LORDSHIP" (the "Ship")

We, JELCO DELTA HOLDING CORP., the assignee of all rights and interest of every kind which LORD OCEAN NAVIGATION CO. (the "Assignor") has to, in or in connection with all policies and contracts of insurance in respect of the Ship, its earnings or otherwise (including entries of the Ship in any protection and indemnity or war risks association) (the "Insurances") pursuant to a second priority assignment dated 30 November 2016 (the "Assignment") GIVE NOTICE that we have reassigned to the Assignor all of the rights and interest of every kind in the Insurances assigned to us by the Assignment and, with effect from the date of this Notice, we have no further rights or interest in the Insurances.

______________________

[l]

for and on behalf of

JELCO DELTA HOLDING CORP.

Date:     [l] June 2018

5

EXECUTION

LENDER

	
EXECUTED AS A DEED

by JELCO DELTA HOLDING CORP.

acting by illegible

being an attorney-in-fact

expressly authorised in accordance

with the laws of the Republic of The Marshall Islands

in the presence of:

 

Witness' signature:

Witness' name:  Maria Moschopoulou

Witness' address:  illegible

	
)

)

)

)

)

)

)

 

)

)

)

	
 

 

/s/ illegible

 

 

 

 

 

/s/ Maria Moschopoulou

BORROWER

	
EXECUTED AS A DEED

by SEANERGY MARITIME HOLDINGS CORP.

acting by Stamatios Tsantanis

being an attorney-in-fact

expressly authorised in

accordance with the laws of

the Republic of The Marshall Islands

in the presence of:

 

Witness' signature:

Witness' name:  Maria Moschopoulou

Witness' address:  illegible

	
)

)

)

)

)

)

)

)

)

)

)

)

	
 

 

/s/ Stamatios Tsantanis

 

 

 

 

 

 

/s/ Maria Moschopoulou

GUARANTOR

	
EXECUTED AS A DEED

by KNIGHT OCEAN NAVIGATION CO.

acting by Stamatios Tsantanis

being an attorney-in-fact

expressly authorised in

accordance with the laws of

the Republic of Liberia

in the presence of:

 

Witness' signature:

Witness' name:  Maria Moschopoulou

Witness' address:  illegible

	
)

)

)

)

)

)

)

)

)

)

)

)

	
 

 

/s/ Stamatios Tsantanis

 

 

 

 

 

 

/s/ Maria Moschopoulou

 

6

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