Document:

exv10w2

Exhibit 10.2

     THIRTIETH SUPPLEMENTAL INDENTURE (this “Thirtieth Supplemental Indenture”), dated as of
June 7, 2010, is entered into by and among Navios Maritime Holdings Inc., a Marshall Islands
corporation (the “Company”), Faith Marine Ltd., a Liberian corporation (the “Guaranteeing
Subsidiary”) and an indirect subsidiary of the Company, the other Guarantors (as defined in the
Indenture referred to herein) and Wells Fargo Bank, N.A. (or its permitted successor) as trustee
under the Indenture referred to below (the “Trustee”).

     WITNESSETH

     WHEREAS, the Company and the Guarantors have heretofore executed and delivered to the Trustee
an indenture (as amended and supplemented, the “Indenture”), dated as of December 18, 2006
providing for the issuance of 91/2% Senior Notes due 2014 (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 Company’s 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 Thirtieth 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.

3. NEW YORK LAW TO GOVERN. THIS THIRTIETH 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.

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

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

6. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Thirtieth 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 Company.

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

	 	 	 	 	 
	 	FAITH MARINE LTD.

 	 
	 	By:  	/s/ Vasiliki Papaefthymiou
 	 
	 	 	Name:  	Vasiliki Papaefthymiou 	 
	 	 	Title:  	Secretary/Director 	 
	 
	 	NAVIOS MARITIME HOLDINGS INC.

 	 
	 	By:  	/s/ Vasiliki Papaefthymiou
 	 
	 	 	Name:  	Vasiliki Papaefthymiou 	 
	 	 	Title:  	Executive Vice President,
Legal 	 
	 
	 	VECTOR SHIPPING CORPORATION

ARAMIS NAVIGATION INC.

DUCALE MARINE INC.

KOHYLIA SHIPMANAGEMENT S.A.

HIGHBIRD MANAGEMENT INC.

CUSTOMIZED DEVELOPMENT S.A.

FLORAL MARINE LTD.

RED ROSE SHIPPING CORP.

PANDORA MARINE INC.

GINGER SERVICES CO.

QUENA SHIPMANAGEMENT INC.

ASTRA MARITIME CORPORATION

PRIMAVERA SHIPPING CORPORATION

PUEBLO HOLDINGS LTD.

BEAUFIKS SHIPPING CORPORATION

ROWBOAT MARINE INC.

CORSAIR SHIPPING LTD.

ORBITER SHIPPING CORP.

PHAROS NAVIGATION S.A.

SIZZLING VENTURES INC.

SHIKHAR VENTURES S.A.

TAHARQA SPIRIT CORP.

RHEIA ASSOCIATES CO.

RUMER HOLDING LTD.

 	 
	 	 	 
	 	 	 
	 	 	 

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	 	KLEIMAR N.V.

NAV HOLDINGS LIMITED

NAVIOS CORPORATION

ANEMOS MARITIME HOLDINGS INC.

NAVIOS SHIPMANAGEMENT INC.

AEGEAN SHIPPING CORPORATION

ARC SHIPPING CORPORATION

MAGELLAN SHIPPING CORPORATION

IONIAN SHIPPING CORPORATION

APOLLON SHIPPING CORPORATION

HERAKLES SHIPPING CORPORATION

ACHILLES SHIPPING CORPORATION

KYPROS SHIPPING CORPORATION

HIOS SHIPPING CORPORATION

MERIDIAN SHIPPING ENTERPRISES INC.

MERCATOR SHIPPING CORPORATION

HORIZON SHIPPING ENTERPRISES CORPORATION

STAR MARITIME ENTERPRISES CORPORATION

NAVIOS HANDYBULK INC.

NAVIOS INTERNATIONAL INC.

NOSTOS SHIPMANAGEMENT CORP.

PORTOROSA MARINE CORP.

WHITE NARCISSUS MARINE S.A.

HESTIA SHIPPING LTD.

as Guarantors

 	 
	 	By:  	/s/ Vasiliki Papaefthymiou
 	 
	 	 	Name:  	Vasiliki Papaefthymiou 	 
	 	 	Title:  	Director and Authorized
Officer 	 
	 
	 	KLEIMAR LTD., as a Guarantor

 	 
	 	By:  	/s/ George Akhniotis
 	 
	 	 	Name:  	George Akhniotis 	 
	 	 	Title:  	Secretary and Director 	 
	 

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	 	NAVIMAX CORPORATION, as a Guarantor

 	 
	 	 	 
	 	By:  	                                                    /s/ Shunji Sasada
 	 
	 	 	Name:  	Shunji Sasada 	 
	 	 	Title:  	President 	 
	 

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	 	WELLS FARGO BANK, N.A., as Trustee

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

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Exhibit 4.0

(FORM OF STOCK CERTIFICATE — FRONT SIDE)

			
	 	 	 
	NUMBER
	 	SHARES
	 	 	 
	COMMON STOCK
	 	CUSIP                     
	(Par Value $.01 Per Share)
	 	 See reverse for
	 
	 	certain definitions

CENTURY NEXT FINANCIAL CORPORATION

A Louisiana Corporation

     This certifies that
                                                              
                
is the registered holder of
                                                            
fully paid and non-assessable shares of the Common Stock, par value $.01 per share, of Century Next
Financial Corporation, Ruston, Louisiana (the “Corporation”).

     The shares evidenced by this Certificate are transferable in person or by a duly authorized
attorney or legal representative, upon surrender of this Certificate properly endorsed. This
Certificate and the shares represented hereby are subject to all the provisions of the Articles of
Incorporation and Bylaws of the Corporation and any and all amendments thereto. This Certificate
is not valid unless countersigned by the Transfer Agent and registered by the Registrar. This
security is not a deposit or savings account and is not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other Federal or state governmental agency.

     IN WITNESS WHEREOF, the Corporation has caused this Certificate to be executed by the
facsimile signatures of its duly authorized officers and has caused its facsimile seal to be
affixed hereto.

Dated:

	 	 	 	 	 

	 

	 	(SEAL)
	 	 

	G. Randall Allison

	 	 	 	Benjamin L. Denny
	Corporate Secretary

	 	 	 	President and Chief Executive Officer

 

 

(FORM OF STOCK CERTIFICATE — BACK SIDE)

     The Corporation is authorized to issue more than one class of stock, including a class of
preferred stock which may be issued in one or more series. The Corporation will furnish to any
stockholder, upon written request and without charge, a full statement of the designations,
preferences, limitations and relative rights of the shares of each class authorized to be issued
and, with respect to the issuance of any preferred stock to be issued in series, the relative
rights and preferences between the shares of each series so far as the rights and preferences have
been fixed and determined and the authority of the Board of Directors to fix and determine the
relative rights and preferences of subsequent series.

     The Articles of Incorporation of the Corporation includes a provision which generally
prohibits any person (including an individual, company or group acting in concert) from directly or
indirectly offering to acquire or acquiring the beneficial ownership of more than 10% of any class
of equity securities of the Corporation. In the event that stock is acquired in violation of this
10% limitation, the excess shares will no longer be counted in determining the total number of
outstanding shares for purposes of any matter involving stockholder action and the Board of
Directors of the Corporation may cause such excess shares to be transferred to an independent
trustee for sale in the open market or otherwise, with the expenses of such sale to be paid out of
the proceeds of the sale.

     The following abbreviations, when used in the inscription on the face of this Certificate,
shall be construed as though they were written out in full according to applicable laws or
regulations:

	 	 	 	 	 

	TEN COM

	 	—
	 	as tenants in common
	TEN ENT

	 	—
	 	as tenants by the entireties
	JT TEN

	 	—
	 	as joint tenants with right of survivorship and not
as tenants in common

	 	 	 	 	 	 	 	 	 

	UNIF GIFT MIN ACT —

	 	 

	 	Custodian
	 	 

	 	under
	 

	 	(Cust)
	 	 	 	(Minor)	 	 
	 	 	Uniform Gifts to Minors Act	 	 

	 

	 	 	 	 	 	(State)	 	 
	 
	 	 	 	 	 	 	 	 
	UNIF TRF MIN ACT —	 	 
	 	Custodian (until age ___)
	 

	 	(Cust)	 	 	 	 	 	 

	 	 	 	 	 

	 

	 	Under Uniform Transfers to Minors Act
	 	 

	(Minor)

	 	 	 	(State)

Additional abbreviations may also be used though not in the above list.

     For value received,                                                             
hereby sell, assign and transfer

PLEASE INSERT SOCIAL SECURITY OR OTHER

TAXPAYER IDENTIFYING NUMBER OF ASSIGNEE

                    |

	 	 	 

	unto

	 	 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE

	 	 	 

	 

	 	shares of

Common Stock represented by this Certificate, and do hereby
irrevocably constitute and appoint                                                                      as Attorney, to transfer the said
shares on the books of the within named Corporation, with full power of substitution.

Dated                          ,           

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Signature 	 
	 	 	 
	 	
 	 
	 	Signature 	 
	 	 	 
	 

Notice: The signature(s) to this assignment must correspond with the name(s) written upon the face
of this Certificate in every particular, without alteration or any change whatsoever.

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