Document:

2004 Stock Incentive Plan

 Exhibit 10.1 
 2004 Stock Incentive Plan 
 ELECTRO SCIENTIFIC INDUSTRIES, INC.

 2004 STOCK INCENTIVE PLAN 
 (As amended January 25, 2005, April 20, 2005, 
 October 25,
2007, May 12, 2011 and December 21, 2012) 
 1. Purpose. The purpose of this 2004 Stock Incentive Plan
(the “Plan”) is to enable Electro Scientific Industries, Inc. (the “Company”) to attract and retain the services of (i) selected employees, officers and directors of the Company or any parent or subsidiary of the Company and
(ii) selected non-employee agents, consultants, advisors and independent contractors of the Company or any parent, subsidiary of the Company. For purposes of this Plan, a person is considered to be employed by or in the service of the Company
if the person is employed by or in the service of any entity (the “Employer”) that is either the Company or a parent or subsidiary of the Company. 
 2. Shares Subject to the Plan. Subject to adjustment as provided below and in Section 12, the shares to be offered under the Plan shall consist of Common Stock of the Company (“Common
Stock”), and the total number of shares of Common Stock that may be issued under the Plan shall be 3,000,000 shares plus any shares that at the time the Plan is approved by shareholders are available for grant under the Company’s 1989
Stock Option Plan, 1996 Stock Incentive Plan and 2000 Stock Option Incentive Plan, which plans were previously approved by shareholders of the Company, and the Company’s 2000 Stock Option Plan, which plan was not previously approved by the
Company’s shareholders (collectively, the “Prior Plans”), or that may subsequently become available for grant under any of the Prior Plans through the expiration, termination, forfeiture or cancellation of grants. If an option, stock
appreciation right or Performance-Based Award granted under the Plan expires, terminates or is canceled, the unissued shares subject to that option, stock appreciation right or Performance-Based Award shall again be available under the Plan. If
shares awarded as a bonus pursuant to Section 9 or sold pursuant to Section 10 under the Plan are forfeited to or repurchased by the Company, the number of shares forfeited or repurchased shall again be available under the Plan.

 3. Effective Date and Duration of Plan. 
 3.1 Effective Date. The Plan shall become effective as of July 15, 2004. No awards shall be made under the Plan until the Plan is approved by shareholders of the Company in
accordance with rules of The Nasdaq Stock Market. 
 3.2 Duration. The Plan shall continue in effect until
all shares available for issuance under the Plan have been issued and all restrictions on the shares have lapsed. The Board of Directors may suspend or terminate the Plan at any time except with respect to Awards then outstanding under the Plan.
Termination shall not affect any Awards or any right of the Company to repurchase shares or the forfeitability of shares issued under the Plan. 

 4. Administration. 

4.1 Board of Directors. The Plan shall be administered by the Board of Directors of the Company, which shall
determine and designate the individuals to whom awards shall be made, the amount of the awards and the other terms and conditions of the awards. Subject to the provisions of the Plan, the Board of Directors may adopt and amend rules and regulations
relating to administration of the Plan, advance the lapse of any waiting period, accelerate any exercise date, waive or modify any restriction applicable to shares (except those restrictions imposed by law) and make all other determinations in the
judgment of the Board of Directors necessary or desirable for the administration of the Plan. The interpretation and construction of the provisions of the Plan and related agreements by the Board of Directors shall be final and conclusive. The Board
of Directors may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any related agreement in the manner and to the extent it deems expedient to carry the Plan into effect, and the Board of Directors shall be
the sole and final judge of such expediency. 
 4.2 Committee. The Board of Directors may delegate to any
committee of the Board of Directors (the “Committee”) any or all authority for administration of the Plan. If authority is delegated to the Committee, all references to the Board of Directors in the Plan shall mean and relate to the
Committee, except (i) as otherwise provided by the Board of Directors and (ii) that only the Board of Directors may amend or terminate the Plan as provided in Sections 3 and 13. 

5. Types of Awards; Eligibility; Limitations. 
 5.1 Types of Awards, Eligibility. The Board of Directors may, from time to time, take the following actions, separately or in combination, under the Plan (“Awards”):
(i) grant Incentive Stock Options, as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), as provided in Sections 6.1, 6.2 and 8; (ii) grant options other than Incentive Stock Options
(“Non-Statutory Stock Options”) as provided in Sections 6.1, 6.3 and 8; (iii) grant stock appreciation rights as provided in Sections 7 and 8; (iv) award stock bonuses (including bonuses in the form of restricted stock
units) as provided in Section 9; (v) sell shares subject to restrictions as provided in Sections 10; (vi) award Performance-Based Awards as provided in Section 11. Awards may be made to employees, including employees who are
officers or directors, and to non-employee directors; provided, however, that only employees of the Company or any parent or subsidiary of the Company (as defined in subsections 424(e) and 424(f) of the Code) are eligible to receive Incentive
Stock Options under the Plan. The Board of Directors shall select the individuals to whom awards shall be made and shall specify the action taken with respect to each individual to whom an award is made. 

5.2 Per Employee Share Limitations. No employee may be granted options and/or stock appreciation rights for more
than an aggregate of 500,000 shares of Common Stock in any calendar year or restricted stock or restricted stock units for more than an aggregate of 170,000 shares of Common Stock in any calendar year; provided, however, that to the extent the
annual limitation is not fully used in any year for an employee, any shares not used may be added to the number of shares for which options and/or stock appreciation rights or restricted stock and/or restricted stock units, as applicable, may be
granted to that employee in any future year. 

  
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 5.3 Prohibition on Option Repricing. Except as provided in Section 12,
without the prior approval of the Company’s shareholders, an option issued under the Plan may not be repriced by lowering the option exercise price or by cancellation of an outstanding option with a subsequent replacement or regrant of an
option with a lower exercise price. 
 5.4 Maximum Number of Shares Issuable Upon Exercise of ISOs. The maximum
aggregate number of shares of Common Stock that may be issued under the Plan upon exercise of Incentive Stock Options shall be equal to the sum of 3,000,000 shares plus any shares that at July 15, 2004 are available for grant under the
Prior Plans or that may subsequently become available for grant under any of the Prior Plans through the expiration, termination, forfeiture or cancellation of grants, which number will not exceed 9,568,684 shares. 

5.5 Reservation of Additional Shares. Except as provided in Section 12, additional shares of Common Stock may not be
reserved for issuance under the Plan without the approval of the Company’s shareholders. 
 6. Stock Options.

 6.1 General Rules Relating to Options. 

6.1-1 Terms of Grant. The Board of Directors may grant options under the Plan. With respect to each option grant, the Board of
Directors shall determine the number of shares subject to the option, the exercise price, the period of the option, the time or times at which the option may be exercised and whether the option is an Incentive Stock Option or a Non-Statutory Stock
Option. At the time of the grant of an option or at any time thereafter, the Board of Directors may provide that an optionee who exercised an option with Common Stock of the Company shall automatically receive a new option to purchase additional
shares equal to the number of shares surrendered and may specify the terms and conditions of such new options. 
 6.1-2
Nontransferability. Each Incentive Stock Option and, unless otherwise determined by the Board of Directors, each other option granted under the Plan by its terms (i) shall be nonassignable and nontransferable by the optionee, either
voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or country of the optionee’s domicile at the time of death, and (ii) during the optionee’s lifetime, shall be exercisable only
by the optionee. 
 6.1-3 Purchase of Shares. Unless the Board of Directors determines otherwise, on or before the date
specified for completion of the purchase of shares pursuant to an option exercise, the optionee must pay the Company the full purchase price of those shares in cash or by check or, with the consent of the Board of Directors, in whole or in part, in
Common Stock of the Company valued at fair market value, restricted stock or other contingent awards denominated in either stock or cash, promissory notes and other forms of consideration. Unless otherwise determined by the Board of Directors, any
Common Stock provided in payment of the purchase price must have been previously acquired and held by the optionee for at least six months. The fair market value of Common Stock provided in payment of the purchase price shall be the closing price of
the Common Stock last reported before the time payment in Common Stock is made or, if earlier, committed to be made, if the Common Stock is publicly traded, or another value of the Common Stock as specified by the Board of Directors. No shares shall
be issued until full payment for the shares has been made, including all amounts owed for tax withholding. With the consent of the Board of Directors, an optionee may request the Company to apply automatically the shares to be received upon the
exercise of a portion of a stock option (even though stock certificates have not yet been issued) to satisfy the purchase price for additional portions of the option. 

  
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 6.1-4 Limitations on Grants to Non-Exempt Employees. Unless otherwise determined by
the Board of Directors, if an employee of the Company or any parent or subsidiary of the Company is a non-exempt employee subject to the overtime compensation provisions of Section 7 of the Fair Labor Standards Act (the “FLSA”), any
option granted to that employee shall be subject to the following restrictions: (i) the option price shall be at least 85 percent of the fair market value, as described in Section 6.2-4, of the Common Stock subject to the option on
the date it is granted; and (ii) the option shall not be exercisable until at least six months after the date it is granted; provided, however, that this six-month restriction on exercisability will cease to apply if the employee dies, becomes
disabled or retires, there is a change in ownership of the Company, or in other circumstances permitted by regulation, all as prescribed in Section 7(e)(8)(B) of the FLSA. 

6.2 Incentive Stock Options. Incentive Stock Options shall be subject to the following additional terms and
conditions: 
 6.2-1 Limitation on Amount of Grants. If the aggregate fair market value of stock (determined as
of the date the option is granted) for which Incentive Stock Options granted under this Plan (and any other stock incentive plan of the Company or its parent or subsidiary corporations, as defined in subsections 424(e) and 424(f) of the Code)
are exercisable for the first time by an employee during any calendar year exceeds $100,000, the portion of the option or options not exceeding $100,000, to the extent of whole shares, will be treated as an Incentive Stock Option and the remaining
portion of the option or options will be treated as a Non-Statutory Stock Option. The preceding sentence will be applied by taking options into account in the order in which they were granted. If, under the $100,000 limitation, a portion of an
option is treated as an Incentive Stock Option and the remaining portion of the option is treated as a Non-Statutory Stock Option, unless the optionee designates otherwise at the time of exercise, the optionee’s exercise of all or a portion of
the option will be treated as the exercise of the Incentive Stock Option portion of the option to the full extent permitted under the $100,000 limitation. If an optionee exercises an option that is treated as in part an Incentive Stock Option and in
part a Non-Statutory Stock Option, the Company will designate the portion of the stock acquired pursuant to the exercise of the Incentive Stock Option portion as Incentive Stock Option stock by issuing a separate certificate for that portion of the
stock and identifying the certificate as Incentive Stock Option stock in its stock records. 
 6.2-2 Limitations on Grants
to 10 percent Shareholders. An Incentive Stock Option may be granted under the Plan to an employee possessing more than 10 percent of the total combined voting power of all classes of stock of the Company or any parent or
subsidiary (as defined in subsections 424(e) and 424(f) of the Code) only if the option price is at least 110 percent of the fair market value, as described in Section 6.2-4, of the Common Stock subject to the option on the date it is
granted and the option by its terms is not exercisable after the expiration of five years from the date it is granted. 

  
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 6.2-3 Duration of Options. Subject to Sections 6.2-2, 8.1 and 8.2,
Incentive Stock Options granted under the Plan shall continue in effect for the period fixed by the Board of Directors, except that by its terms no Incentive Stock Option shall be exercisable after the expiration of 10 years from the date it is
granted. 
 6.2-4 Option Price. The option price per share shall be determined by the Board of Directors at the
time of grant. Except as provided in Section 6.2-2, the option price shall not be less than 100 percent of the fair market value of the Common Stock covered by the Incentive Stock Option at the date the option is granted. The fair market
value shall be the closing price of the Common Stock last reported on the date the option is granted, if the stock is publicly traded, or another value of the Common Stock as specified by the Board of Directors. 

6.2-5 Limitation on Time of Grant. No Incentive Stock Option shall be granted on or after the tenth anniversary of the
last action by the Board of Directors adopting the Plan or approving an increase in the number of shares available for issuance under the Plan, which action was subsequently approved within 12 months by the shareholders. 

6.2-6 Early Dispositions. If within two years after an Incentive Stock Option is granted or within 12 months after an
Incentive Stock Option is exercised, the optionee sells or otherwise disposes of Common Stock acquired on exercise of the Option, the optionee shall within 30 days of the sale or disposition notify the Company in writing of (i) the date of
the sale or disposition, (ii) the amount realized on the sale or disposition and (iii) the nature of the disposition (e.g., sale, gift, etc.). 
 6.3 Non-Statutory Stock Options. Non-Statutory Stock Options shall be subject to the following terms and conditions, in addition to those set forth in Sections 6.1 and 8.

 6.3-1 Option Price. The option price for Non-Statutory Stock Options shall be determined by the Board of
Directors at the time of grant. The option price shall not be less than 100 percent of the fair market value of the Common Stock covered by the Non-Statutory Stock Option at the date the option is granted. The fair market value shall be the
closing price of the Common Stock last reported on the date the option is granted, if the stock is publicly traded, or another value of the Common Stock as specified by the Board of Directors. 

6.3-2 Duration of Options. Non-Statutory Stock Options granted under the Plan shall continue in effect for the period
fixed by the Board of Directors, except that no Non-Statutory Option shall be exercisable after the expiration of 10 years from the date it is granted. 
 7. Stock Appreciation Rights. 
 7.1 Grant. Stock appreciation
rights may be granted under the Plan by the Board of Directors, subject to such rules, terms, and conditions as the Board of Directors prescribes. The Board of Directors may provide that stock appreciation rights may be granted in substitution for
stock options granted under the Plan. With respect to each grant, the Board shall determine the number of shares subject to the stock appreciation right, the exercise price of the stock appreciation right, the period of the stock appreciation right,
and the time or times at which the stock appreciation right may be exercised. Stock appreciation rights shall continue in effect for the period fixed by the Board of Directors. 

  
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 7.2 Stock Appreciation Rights Granted in Connection with Options. If a stock
appreciation right is granted in connection with an option, the stock appreciation right shall be exercisable only to the extent and on the same conditions that the related option could be exercised. Upon exercise of a stock appreciation right, any
option or portion thereof to which the stock appreciation right relates terminates. If a stock appreciation right is granted in connection with an option, upon exercise of the option, the stock appreciation right or portion thereof to which the
grant relates terminates. 
 7.3 Exercise. Each stock appreciation right shall entitle the holder, upon exercise,
to receive from the Company in exchange therefor an amount equal in value to the excess of the fair market value on the date of exercise of one share of Common Stock of the Company over the exercise price as determined by the Board of Directors (or,
in the case of a stock appreciation right granted in connection with an option, the option price per share under the option to which the stock appreciation right relates), multiplied by the number of shares covered by the stock appreciation right,
or portion thereof, that is surrendered. Payment by the Company upon exercise of a stock appreciation right may be made in Common Stock valued at fair market value, in cash, or partly in Common Stock and partly in cash, all as determined by the
Board of Directors. For this purpose, the fair market value of the Common Stock shall be the closing price of the Common Stock last reported before the time of exercise, or such other value of the Common Stock as specified by the Board of Directors.

 7.4 Fractional Shares. No fractional shares shall be issued upon exercise of a stock appreciation right. In
lieu thereof, cash may be paid in an amount equal to the value of the fraction or, if the Board of Directors shall determine, the number of shares may be rounded downward to the next whole share. 

7.5 Nontransferability. Each stock appreciation right granted in connection with an Incentive Stock Option and, unless
otherwise determined by the Board of Directors, each other stock appreciation right granted under the Plan, by its terms shall be nonassignable and nontransferable by the holder, either voluntarily or by operation of law, except by will or by the
laws of descent and distribution of the state or country of the holder’s domicile at the time of death, and each stock appreciation right by its terms shall be exercisable during the holder’s lifetime only by the holder. 

8. Exercise of Options and Stock Appreciation Rights.  

8.1 Exercise. Except as provided in Section 8.2 or as determined by the Board of Directors, no option or stock
appreciation right granted under the Plan may be exercised unless at the time of exercise the holder is employed by or in the service of the Company and shall have been so employed or provided such service continuously since the date the option or
stock appreciation right was granted. Except as provided in Sections 8.2, 12 and 17, options and stock appreciation rights granted under the Plan may be exercised from time to time over the period stated in each option or stock appreciation right in
amounts and at times prescribed by the Board of Directors, provided that options and stock appreciation rights may not be exercised for fractional shares. Unless otherwise determined by the Board of Directors, if a holder does not exercise an option
or stock appreciation right in any one year for the full number of shares to which the holder is entitled in that year, the holder’s rights shall be cumulative and the holder may acquire those shares in any subsequent year during the term of
the option or stock appreciation right. 

  
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 8.2 Termination of Employment or Service. 

8.2-1 General Rule. Unless otherwise determined by the Board of Directors, if a holder’s employment or service with the
Company terminates for any reason other than because of total disability or death as provided in Sections 8.2-2 and 8.2-3, his or her option or stock appreciation right may be exercised at any time before the expiration date of the option or stock
appreciation right or the expiration of 3 months after the date of termination, whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option or stock appreciation right at the date of
termination. Notwithstanding the foregoing, unless otherwise determined by the Board of Directors, if a holder’s employment or service with the Company terminates for any reason other than because of total disability or death as provided in
Sections 8.2-2 and 8.2-3, and such holder dies before the expiration date of the option or stock appreciation right and the expiration of 3 months after the date of termination, his or her option or stock appreciation right may be exercised at any
time before the expiration date of the option or stock appreciation right or before the date 12 months after the date of termination, whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option
or stock appreciation right at the date of termination and only by the person or persons to whom the holder’s rights under the option or stock appreciation right shall pass by the holder’s will or by the laws of descent and distribution of
the state or country of domicile at the time of death. 
 8.2-2 Termination Because of Total Disability. Unless
otherwise determined by the Board of Directors, if a holder’s employment or service with the Company terminates because of total disability, his or her option or stock appreciation right may be exercised at any time before the expiration date
of the option or stock appreciation right or before the date 12 months after the date of termination, whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option or stock appreciation right at
the date of termination. The term “total disability” means a medically determinable mental or physical impairment that is expected to result in death or has lasted or is expected to last for a continuous period of 12 months or
more and that, in the opinion of the Company and two independent physicians, causes the holder to be unable to perform his or her duties as an employee, director or officer of the Employer and unable to be engaged in any substantial gainful
activity. Total disability shall be deemed to have occurred on the first day after the two independent physicians have furnished their written opinion of total disability to the Company and the Company has reached an opinion of total disability.

 8.2-3 Termination Because of Death. Unless otherwise determined by the Board of Directors, if a holder dies while
employed by or providing service to the Company, his or her option or stock appreciation right may be exercised at any time before the expiration date of the option or stock appreciation right or before the date 12 months after the date of
death, whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option or stock appreciation right at the date of death and only by the person or persons to whom the holder’s rights under the option
or stock appreciation right shall pass by the holder’s will or by the laws of descent and distribution of the state or country of domicile at the time of death. 

  
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 8.2-4 Amendment of Exercise Period Applicable to Termination. The Board of Directors
may at any time extend the 3-month and 12-month exercise periods any length of time not longer than the original expiration date of the option or stock appreciation right. The Board of Directors may at any time increase the portion of an option or
stock appreciation right that is exercisable, subject to terms and conditions determined by the Board of Directors. 
 8.2-5
Failure to Exercise Option or Stock Appreciation Right. To the extent that the option or stock appreciation right of any deceased holder or any holder whose employment or service terminates is not exercised within the applicable
period, all further rights to purchase shares pursuant to the option or stock appreciation right shall cease and terminate. 

8.2-6 Leave of Absence. Absence on leave approved by the Employer or on account of illness or disability shall not be deemed a
termination or interruption of employment or service. Unless otherwise determined by the Board of Directors, vesting of options and stock appreciation rights shall continue during a medical, family or military leave of absence or other leave
approved by the Employer, whether paid or unpaid, and vesting of options and stock appreciation rights shall be suspended during any other unpaid leave of absence. 
 8.3 Notice of Exercise or Surrender. Unless the Board of Directors determines otherwise, shares may be acquired pursuant to an option or stock appreciation right granted under the Plan only
upon the Company’s receipt of written notice from the holder of the holder’s binding commitment to purchase shares, specifying the number of shares the holder desires to acquire under the option or stock appreciation right and the date on
which the holder agrees to complete the transaction, and, if required to comply with the Securities Act of 1933, containing a representation that it is the holder’s intention to acquire the shares for investment and not with a view to
distribution. Unless the Board of Directors determines otherwise, cash may be paid upon surrender of a stock appreciation right granted under the Plan only upon the Company’s receipt of written notice from the holder of the holder’s
binding commitment to surrender the stock appreciation right, specifying the number of shares subject to the stock appreciation right being surrendered and the date on which the holder agrees to complete the surrender. 

8.4 Tax Withholding. Each holder who has exercised an option or stock appreciation right shall, immediately upon
notification of the amount due, if any, pay to the Company in cash or by check amounts necessary to satisfy any applicable federal, state and local tax withholding requirements. If additional withholding is or becomes required (as a result of
exercise of an option or stock appreciation right or as a result of disposition of shares acquired pursuant to exercise of an option or stock appreciation right) beyond any amount deposited before delivery of the certificates, the holder shall pay
such amount, in cash or by check, to the Company on demand. If the holder fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the holder, including salary, subject to applicable law.
With the consent of the Board of Directors, a holder may satisfy this obligation, in whole or in part, by instructing the Company to withhold from the shares to be issued upon exercise or by delivering to the Company other shares of Common
Stock; provided, however, that the number of shares so withheld or delivered in connection with an option exercise shall not exceed the minimum amount necessary to satisfy the required withholding obligation. 

  
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 8.5 Reduction of Reserved Shares. Upon the exercise of an option or stock
appreciation right, the number of shares reserved for issuance under the Plan shall be reduced by the number of shares issued upon exercise of the option or stock appreciation right. Cash payments of stock appreciation rights shall not reduce the
number of shares of Common Stock reserved for issuance under the Plan. 
 9. Stock Bonuses. The Board of Directors may
award shares under the Plan as stock bonuses, including restricted stock units that provide for delivery of Common Stock at a later date. Shares awarded as a bonus shall be subject to the terms, conditions and restrictions determined by the Board of
Directors. The restrictions may include restrictions concerning transferability and forfeiture of the shares awarded, together with any other restrictions determined by the Board of Directors. The Board of Directors may require the recipient to sign
an agreement as a condition of the award, but may not require the recipient to pay any monetary consideration other than amounts necessary to satisfy tax withholding requirements. The agreement may contain any terms, conditions, restrictions,
representations and warranties required by the Board of Directors. The certificates representing the shares awarded shall bear any legends required by the Board of Directors. The Company may require any recipient of a stock bonus to pay to the
Company in cash or by check upon demand amounts necessary to satisfy any applicable federal, state or local tax withholding requirements. If the recipient fails to pay the amount demanded, the Company or the Employer may withhold that amount from
other amounts payable to the recipient, including salary, subject to applicable law. With the consent of the Board of Directors, a recipient may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any shares to
be issued or by delivering to the Company other shares of Common Stock; provided, however, that the number of shares so withheld or delivered shall not exceed the minimum amount necessary to satisfy the required withholding obligation. Upon the
issuance of a stock bonus, the number of shares reserved for issuance under the Plan shall be reduced by the number of shares issued. 
 10. Restricted Stock. 
 10.1 Restricted Stock. The Board of
Directors may issue shares under the Plan for any consideration (including promissory notes and services) determined by the Board of Directors. Shares issued under the Plan shall be subject to the terms, conditions and restrictions determined by the
Board of Directors; provided, however, that any award made under this Section 10 the vesting for which is time-based will provide for a restriction period of at least three years, with the restriction to lapse no more quickly than with respect
to one-third of the shares annually over the three-year restriction period. Subject to the provisions of the Plan, the restrictions may include restrictions concerning transferability, repurchase by the Company and forfeiture of the shares issued,
together with any other restrictions determined by the Board of Directors. All Common Stock issued pursuant to this Section 10.1 shall be subject to a Restricted Stock Agreement, which shall be executed by the Company and the prospective
recipient of the shares before the delivery of certificates representing the shares. The Agreement may contain any terms, conditions, restrictions, representations and warranties required by the Board of Directors. 

  
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 10.2 Other Provisions. The certificates representing shares of
restricted stock shall bear any legends required by the Board of Directors. The Company may require any participant receiving restricted stock to pay to the Company in cash or by check upon demand amounts necessary to satisfy any applicable federal,
state or local tax withholding requirements. If the participant fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the participant, including salary, subject to applicable law. With
the consent of the Board of Directors, a participant may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any shares to be issued or by delivering to the Company other shares of Common Stock; provided,
however, that the number of shares so withheld or delivered shall not exceed the minimum amount necessary to satisfy the required withholding obligation. Upon the issuance of restricted stock, the number of shares reserved for issuance under the
Plan shall be reduced by the number of shares issued. 
 11. Performance-Based Awards. The Board of Directors may grant
awards intended to qualify as qualified performance-based compensation under Section 162(m) of the Code and the regulations thereunder (“Performance-Based Awards”). Performance-Based Awards shall be denominated at the time of grant
either in Common Stock (“Stock Performance Awards”) or in dollar amounts (“Dollar Performance Awards”). Payment under a Stock Performance Award or a Dollar Performance Award shall be made, at the discretion of the Board of
Directors, in Common Stock (“Performance Shares”), or in cash or in any combination thereof. Performance-Based Awards shall be subject to the following terms and conditions: 

11.1 Award Period. The Board of Directors shall determine the period of time for which a Performance-Based Award is
made (the “Award Period”). 
 11.2 Performance Goals and Payment. The Board of Directors shall
establish in writing objectives (“Performance Goals”) that must be met by the Company or any subsidiary, division or other unit of the Company (“Business Unit”) during the Award Period as a condition to payment being made under
the Performance-Based Award. The Performance Goals for each award shall be one or more targeted levels of performance with respect to one or more of the following objective measures with respect to the Company or any Business Unit: earnings,
earnings per share, stock price increase, total shareholder return (stock price increase plus dividends), return on equity, return on assets, return on capital, economic value added, sales, revenues, operating income, inventories, inventory turns,
cash flows, or any of the foregoing before the effect of acquisitions, divestitures, accounting changes, restructuring and special charges, extraordinary items and all items of gain, loss or expense determined to be extraordinary or unusual in
nature or infrequent in occurrence (determined according to criteria established by the Board of Directors). The Board of Directors shall also establish the number of Performance Shares or the amount of cash payment to be made under a
Performance-Based Award if the Performance Goals are met or exceeded, including the fixing of a maximum payment (subject to Section 11.4). The Board of Directors may establish other restrictions to payment under a Performance-Based Award, such
as a continued employment requirement, in addition to satisfaction of the Performance Goals. Some or all of the Performance Shares may be issued at the time of the award as restricted shares subject to forfeiture in whole or in part if Performance
Goals or, if applicable, other restrictions are not satisfied. 

  
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 11.3 Computation of Payment. During or after an Award Period, the
performance of the Company or Business Unit, as applicable, during the period shall be measured against the Performance Goals. If the Performance Goals are not met, no payment shall be made under a Performance-Based Award. If the Performance Goals
are met or exceeded, the Board of Directors shall certify that fact in writing and certify the number of Performance Shares earned or the amount of cash payment to be made under the terms of the Performance-Based Award. 

11.4 Maximum Awards. No participant may receive in any fiscal year Stock Performance Awards under which the
aggregate amount payable under the Awards exceeds the equivalent of 200,000 shares of Common Stock or Dollar Performance Awards under which the aggregate amount payable under the Awards exceeds $4,000,000. 

11.5 Tax Withholding. Each participant who has received Performance Shares shall, upon notification of the amount
due, pay to the Company in cash or by check amounts necessary to satisfy any applicable federal, state and local tax withholding requirements. If the participant fails to pay the amount demanded, the Company or the Employer may withhold that amount
from other amounts payable to the participant, including salary, subject to applicable law. With the consent of the Board of Directors, a participant may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any
shares to be issued or by delivering to the Company other shares of Common Stock; provided, however, that the number of shares so delivered or withheld shall not exceed the minimum amount necessary to satisfy the required withholding obligation.

 11.6 Effect on Shares Available. The payment of a Performance-Based Award in cash shall not reduce the
number of shares of Common Stock reserved for issuance under the Plan. The number of shares of Common Stock reserved for issuance under the Plan shall be reduced by the number of shares issued upon payment of an award. Cash payments of
Performance-Based Awards shall not reduce the number of shares of Common Stock reserved for issuance under the Plan. 
 12.
Changes in Capital Structure. 
 12.1 Stock Splits, Stock Dividends, Changes in Capitalization. If
the outstanding Common Stock of the Company is hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend
payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Board of Directors in the number and kind of shares available for grants under the Plan and in all other share amounts set forth in the Plan. In
addition, the Board of Directors shall make appropriate adjustment in the number and kind of shares subject to any Awards theretofor granted, and the exercise and settlement prices of those Awards, if any, so that the holder’s proportionate
interest before and after the occurrence of the event is maintained without changing the aggregate exercise or settlement price, if any. If any other change to the capital or corporate structure of the Company affecting Common Stock occurs, such as
an extraordinary non-recurring dividend in cash or property, in order to prevent or limit diminution or enlargement of benefits or potential benefits intended to be made available under the Plan, the Board of Directors, in its sole discretion, may
adjust the number or kind of shares subject to and/or the exercise price of outstanding Awards and make appropriate adjustments to any related share limits in the Plan with respect to Awards. Notwithstanding the foregoing, the Board of Directors
shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Board of
Directors. Any such adjustments made by the Board of Directors shall be conclusive. 

  
 11 

 12.2 Mergers, Reorganizations, Etc. In the event of a merger,
consolidation, plan of exchange, acquisition of property or stock, split-up, split-off, spin-off, reorganization or liquidation to which the Company is a party or any sale, lease, exchange or other transfer (in one transaction or a series of related
transactions) of all, or substantially all, of the assets of the Company (each, a “Transaction”), the Board of Directors shall, in its sole discretion and to the extent possible under the structure of the Transaction, select one or more of
the following alternatives for treating outstanding Awards under the Plan, with the Board of Directors having the discretion to apply different alternatives to various outstanding Awards: 

12.2-1 Outstanding Awards shall remain in effect in accordance with their terms. 

12.2-2 Outstanding Awards shall be converted into (a) Awards with respect to stock in one or more of the corporations, including
the Company, that are the surviving or acquiring corporations in the Transaction, or (b) in a Transaction in which the consideration received is cash, if determined in the sole discretion of the Board of Directors, a cash obligation of the
acquiring entity, with such conversion to occur by assumption of the Plan, assumption of Awards, or substitution of Awards. The amount, type of securities subject thereto and exercise or settlement price of the converted Awards shall be determined
by the Board of Directors of the Company, taking into account the relative values of the companies involved in the Transaction and the exchange rate, if any, used in determining shares of the surviving corporation(s) to be held by holders of shares
of the Company following the Transaction. Unless otherwise determined by the Board of Directors, the converted Awards shall be vested or released from restrictions on transfer and repurchase and forfeiture rights only to the extent that the vesting
requirements or restrictions relating to Awards granted hereunder have been satisfied. 
 12.2-3 The Board of Directors shall
provide a period of 30 days or less before the completion of the Transaction during which outstanding Awards may be exercised to the extent then exercisable, and upon the expiration of that period, all outstanding Awards (including Awards that
are not options or stock appreciation rights) shall immediately terminate. 
 12.2-4 Outstanding Awards shall be cancelled
immediately prior to the completion of the Transaction in exchange for a payment with respect to each vested or exercisable share subject to such cancelled Award in (i) cash, (ii) stock in one or more corporations that are the surviving or
acquiring corporations in the Transaction, or (iii) other property which, in any such case, shall have a fair market value equal to the fair market value of the consideration to be paid per share of Common Stock in the Transaction over the
exercise or settlement price per share under the Award, if any (the “Spread”). In the event such determination is made by the Board of Directors, the Spread (reduced by applicable withholding taxes, if any) shall be paid to the holders in
respect of their cancelled Awards as soon as practicable following the closing of the Transaction. This provision shall not apply to Incentive Stock Options awarded prior to October 25, 2007. 

  
 12 

 The Board of Directors may, in its sole discretion, accelerate in full or in part the
vesting or exercisability of Awards under the Plan and the full or partial release from restrictions on transfer and repurchase or forfeiture rights of Award under the Plan, on such terms and conditions as the Board of Directors may specify prior to
the completion of the Transaction. 
 12.3 Dissolution of the Company. In the event of the dissolution of
the Company, options and stock appreciation rights shall be treated in accordance with Section 12.2-3. 
 12.4 Rights
Issued by Another Corporation. The Board of Directors may also grant options, stock appreciation rights, stock bonuses and Performance-Based Awards and issue restricted stock under the Plan with terms, conditions and provisions that
vary from those specified in the Plan, provided that any such awards are granted in substitution for, or in connection with the assumption of, existing options, stock appreciation rights, stock bonuses, Performance-Based Awards or restricted stock
granted, awarded or issued by another corporation and assumed or otherwise agreed to be provided for by the Company pursuant to or by reason of an acquisition of another entity, business or an interest in another entity whether by merger, stock
purchase, asset purchase or other form of transaction. 
 13. Amendment of the Plan. The Board of Directors may at any
time modify or amend the Plan in any respect. Except as provided in Section 12, however, no change in an award already granted shall be made without the written consent of the holder of the award if the change would adversely affect the holder.

 14. Approvals. The Company’s obligations under the Plan are subject to the approval of state and federal
authorities or agencies with jurisdiction in the matter. The Company will use its best efforts to take steps required by state or federal law or applicable regulations, including rules and regulations of the Securities and Exchange Commission and
any stock exchange on which the Company’s shares may then be listed, in connection with the grants under the Plan. The foregoing notwithstanding, the Company shall not be obligated to issue or deliver Common Stock under the Plan if such
issuance or delivery would violate state or federal securities laws. 
 15. Employment and Service Rights. Nothing in the
Plan or any award pursuant to the Plan shall (i) confer upon any employee any right to be continued in the employment of an Employer or interfere in any way with the Employer’s right to terminate the employee’s employment at will at
any time, for any reason, with or without cause, or to decrease the employee’s compensation or benefits, or (ii) confer upon any person engaged by an Employer any right to be retained or employed by the Employer or to the continuation,
extension, renewal or modification of any compensation, contract or arrangement with or by the Employer. 
 16. Rights as a
Shareholder. The recipient of any award under the Plan shall have no rights as a shareholder with respect to any shares of Common Stock until the date the recipient becomes the holder of record of those shares. Except as otherwise expressly
provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date occurs before the date the recipient becomes the holder of record. 

  
 13 

 17. Suspension or Termination of Awards; Claw-Back. Notwithstanding any
provision of the Plan to the contrary, if at any time (including after a notice of exercise has been delivered with respect to an Award that is an option or stock appreciation right), the Board of Directors, including any Committee authorized
pursuant to Section 4.2 (the Board of Directors or such Committee, the “Committee” for purposes of this Section), reasonably believes that a participant, other than a non-employee director, has committed an act of misconduct as
described in this section, the Committee may suspend the participant’s right to exercise any stock option or stock appreciation right or the vesting of restricted stock or restricted stock unit awards pending a determination of whether an act
of misconduct has been committed. If the Committee determines a participant, other than a non-employee director, has committed an act of embezzlement, fraud, dishonesty, nonpayment of any obligation owed to the Company or its subsidiaries, breach of
fiduciary duty or deliberate disregard of Company rules resulting in loss, damage or injury to the Company, or if a participant makes an unauthorized disclosure of any Company trade secret or confidential information, engages in any conduct
constituting unfair competition, induces any customer to breach a contract with the Company or induces any principal for whom the Company or its subsidiaries acts as agent to terminate such agency relationship, neither the participant nor his or her
estate shall be entitled to exercise any stock option or stock appreciation right whatsoever and the participant’s restricted stock or restricted stock unit agreement shall be terminated and cancelled. In addition, for any participant who is
designated an “executive officer” by the Board of Directors, if the Committee determines that the participant engaged in an act of embezzlement, fraud or breach of fiduciary duty during the participant’s employment that contributed to
an obligation to restate the Company’s financial statements (“Contributing Misconduct”), the participant shall be required to repay to the Company, in cash and upon demand, the Option Proceeds and/or Restricted Stock Proceeds, as
applicable, resulting from the sale or other disposition (including to the Company) of shares issued or issuable upon exercise of a stock option or stock appreciation right or upon vesting of restricted stock or a restricted stock unit, as
applicable, if the sale or disposition was effected during the 12-month period following the first public issuance or filing with the Securities and Exchange Commission of the financial statements required to be restated. The term “Option
Proceeds” means, with respect to any sale or other disposition (including to the Company) of shares issued or issuable upon exercise of an option or stock appreciation right, an amount determined appropriate by the Committee to reflect the
effect of the restatement on the Company’s stock price, up to the amount equal to the number of shares sold or disposed of multiplied by the difference between the market value per share at the time of such sale or disposition and the exercise
price. The term “Restricted Stock Proceeds” means, with respect to any sale or other disposition (including to the Company) of restricted stock or a restricted stock unit, an amount determined appropriate by the Committee to reflect the
effect of the restatement on the Company’s stock price, up to the amount equal to the market value per share at the time of such sale or other disposition multiplied by the number of shares or units sold or disposed of. The return of Option
Proceeds and/or Restricted Stock Proceeds is in addition to and separate from any other relief available to the Company due to the executive officer’s Contributing Misconduct. Any determination by the Committee with respect to the foregoing
shall be final, conclusive and binding on all parties. For any participant who is an “executive officer,” the determination of the Committee shall be subject to the approval of the Board of Directors. 

  
 14EX-4.15

 Exhibit 4.15 
 Date    21   December 2012 
  
 CAPITAL PRODUCT PARTNERS L.P. 
 as Borrower 

- and - 
 THE
BANKS AND FINANCIAL INSTITUTIONS 
 listed in Schedule 1 

as Lenders 
 - and
- 
 HSH NORDBANK AG 
 as Mandated Lead Arranger, Facility Agent and Security Trustee 
 - and -

 HSH NORDBANK AG 
 as Bookrunner 
 - and - 

HSH NORDBANK AG 
 as Swap Bank 
 - and - 

DNB BANK ASA 
 as co-Arranger 
  
  

 
 FOURTH
SUPPLEMENTAL AGREEMENT 
  
  

in relation to a Loan Agreement dated 19 March 2008 
 (as amended and supplemented by supplemental agreements 
 dated 2 October 2009,
30 June 2010 and 21 May 2012) 
 in respect of revolving credit and term loan facilities 

of (originally) US$350,000,000 in aggregate 
  

 
 WATSON, FARLEY & WILLIAMS 

Piraeus 

 INDEX 

 

							
	Clause	 	 	  	Page	 
			
	1	 	 INTERPRETATION
	  	 	2	  
			
	2	 	 AGREEMENT OF THE CREDITOR PARTIES
	  	 	4	  
			
	3	 	 CONDITIONS PRECEDENT
	  	 	4	  
			
	4	 	 REPRESENTATIONS AND WARRANTIES
	  	 	6	  
			
	5	 	 AMENDMENTS TO LOAN AGREEMENT AND OTHER FINANCE DOCUMENTS
	  	 	6	  
			
	6	 	 FURTHER ASSURANCES
	  	 	8	  
			
	7	 	 PREPAYMENT AND EXPENSES
	  	 	9	  
			
	8	 	 COMMUNICATIONS
	  	 	9	  
			
	9	 	 SUPPLEMENTAL
	  	 	9	  
			
	10	 	 LAW AND JURISDICTION
	  	 	9	  
		
	SCHEDULE LENDERS	  	 	10	  
		
	EXECUTION PAGES	  	 	11	  

 THIS FOURTH SUPPLEMENTAL AGREEMENT is made
on        21      December 2012 
 BETWEEN

  

	(1)	 CAPITAL PRODUCT PARTNERS L.P. as Borrower; 

 

	(2)	 THE BANKS AND FINANCIAL INSTITUTIONS listed in Schedule 1 herein, as Lenders; 

 

	(3)	 HSH NORDBANK AG, acting through its office at Gerhart-Hauptmann-Platz 50, D-20095 Hamburg, Germany as Mandated Lead Arranger;

  

	(4)	 HSH NORDBANK AG, acting through its office at Gerhart-Hauptmann-Platz 50, D-20095 Hamburg, Germany as Facility Agent;

  

	(5)	 HSH NORDBANK AG, acting through its office at Gerhart-Hauptmann-Platz 50, D-20095 Hamburg, Germany, as Security Trustee;

  

	(6)	 HSH NORDBANK AG, acting through its office at Gerhart-Hauptmann-Platz 50, D-20095 Hamburg, Germany, as Bookrunner;

  

	(7)	 HSH NORDBANK AG, acting through its office at Martensdamm 6, D-24103 Kiel, Germany as Swap Bank; and 

 

	(8)	 DnB BANK ASA, acting through its office at 20 St. Dunstan’s Hill, London EC3R 8HY, England as Co-Arranger.

 BACKGROUND 
  

	(A)	 By a loan agreement dated 19 March 2008 (as amended and supplemented by supplemental agreements dated 2 October 2009, 30 June 2010
and 21 May 2012, the “Loan Agreement”) and made between (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arranger, (iv) the Facility Agent, (v) the Security Trustee, (vi) the Bookrunner,
(vii) the Swap Bank and (viii) the Co-Arranger, the Lenders agreed to make available to the Borrower revolving credit and term loan facilities in an amount of (originally) US$350,000,000 in aggregate of which the principal amount
outstanding is, on the date of this Agreement, US$193,664,000 (the “Loan”). 

  

	(B)	 The Borrower has requested that the Lenders agree to: 

 

	 	(i)	 the release and discharge (the “Release”) of Achilleas Carriers Corp. (“Achilleas”) and Alexander The Great
Carriers Corp. (“Alexander”) from all their obligations and liabilities under the Finance Documents to which each is a party and their substitution (the “Borrowers’ Substitution”) by Agamemnon Container Carrier
Corp. (“Agamemnon”) and Archimidis Container Carrier Corp. (“Archimidis”) as guarantor for the obligations of the Borrower under the Loan Agreement and the Finance Documents (as defined in the Loan Agreement); and

  

	 	(ii)	 the substitution (the “Ship Substitution” and, together with the Borrowers’ Substitution, the “Substitution”)
of m.t. “ACHILLEAS” (owned by Achilleas) and m.t. “ALEXANDER THE GREAT” (owned by Alexander) by two Super-post-Panamax container vessels named “AGAMEMNON” (“AGAMEMNON”) and “ARCHIMIDIS”
(“ARCHIMIDIS”) and owned, respectively, by Agamemnon and Archimidis, each being one of the ships on which the Loan will be secured; and 

	 	(iii)	 to exclude (the “Exclusion”) from the EBITDA (as defined in the Loan Agreement) shown in the quarterly management accounts of the
Borrower in respect of the first four financial quarters ending after the date of the Substitution (for the avoidance of doubt, including the financial quarter in which the Substitution is reported) when calculating the ratio set out in clause
12.5(b) of the Loan Agreement any loss resulting from the Substitution which shall be treated as an extraordinary item. 

  

	(C)	 This Agreement sets out the terms and conditions on which the Lenders agree to: 

 

	 	(i)	 the Release; 

  

	 	(ii)	 the Substitution; 

  

	 	(iii)	 the Exclusion; and 

  

	 	(iv)	 the consequential amendments to the Loan Agreement and the other Finance Documents in connection with those matters. 

IT IS AGREED as follows: 
  

	1	 INTERPRETATION 

  

	1.1	 Defined expressions.     Words and expressions defined in the Loan Agreement and the other Finance Documents shall
have the same meanings when used in this Agreement unless the context otherwise requires. 

  

	1.2	 Definitions.  In this Agreement, unless the contrary intention appears: 

“Agamemnon” means Agamemnon Container Carrier Corp., a corporation incorporated and existing in Liberia
whose registered office is at 80 Broad Street, Monrovia, Liberia; 
 “Archimidis” means
Archimidis Container Carrier Corp., a corporation incorporated and existing in Liberia whose registered office is at 80 Broad Street, Monrovia, Liberia; 
 “AGAMEMNON” means the 2007-built Super-Post-Panamax container vessel of approximately 7,943 teus which is owned by Agamemnon and registered in its name under an Approved Flag in
accordance with the laws of the applicable Approved Flag State with the name “AGAMEMNON”; 

“ARCHIMIDIS” means the 2006-built Super-Post-Panamax container vessel of approximately 7,943 teus which
is owned by Archimidis and registered in its name under an Approved Flag in accordance with the laws of the applicable Approved Flag State with the name “ARCHIMIDIS”; 

“Effective Date” means the date on which the Facility Agent notifies the Borrower in writing that the
Facility Agent is satisfied that the conditions precedent in Clause 3 have been met; 
 “New Approved
Charter” means: 
  

	 	(a)	 in the case of “AGAMEMNON”, a time charterparty dated 30 May 2012 entered into between Agamemnon as owner and the New Approved
Charterer as charterer of that New Ship for a duration of 38 months (extendable by 22 months at the New Approved Charterer’s option) and for a gross daily hire rate of $34,000 (“New Approved Charter A”); and

  
 2 

	 	(b)	 in the case of “ARCHIMIDIS”, a time charterparty dated 30 May 2012 entered into between Archimidis as owner and the New Approved
Charterer as charterer of that New Ship for a duration of 36 months (extendable by 24 months at the New Approved Charterer’s option) for a gross daily hire rate of $34,000 or, if the New Approved Charterer exercises its 12 month extension
option, $32,500 (“New Approved Charter B”), 

 and, in the plural, means both
of them; 
 “New Approved Charterer” means A.P. Møller-Maersk A/S, a company
incorporated in Denmark; 
 “New Charterparty Assignment” means, in relation to a New Ship, an
assignment of the rights of the New Owner who is the owner of that New Ship under the New Approved Charter relative thereto executed or, as the context may require, to be executed by that New Owner in favour of the Security Trustee in such form as
the Lenders may approve or require and, in the plural, means all of them; 
 “New Earnings Account”
means, in respect of each New Owner, an account opened or to be opened in the name of that New Owner with the Facility Agent in Hamburg which is designated by the Facility Agent in writing as the Earnings Account for that New Owner for the
purposes of the Loan Agreement and, in the plural, means both of them; 
 “New Earnings Account
Pledge” means, in relation to each New Earnings Account, a deed of pledge in respect of that New Earnings Account in such form as the Lenders may approve or require and, in the plural, means both of them; 

“New Finance Documents” means, together, the New Charter Assignments, the New Earnings Account Pledges,
the New General Assignments, the New Guarantees, the New Manager’s Undertakings, and the New Mortgages and, in the singular, means any of them; 
 “New General Assignment” means, in relation to a New Ship, a first priority general assignment of the Earnings, Insurances and Requisition Compensation in respect of that New Ship
executed or to be executed by New Owner which is the owner thereof in favour of the Security Trustee in such form as the Lenders may approve or require and, in the plural, means both of them; 

“New Guarantee” means, in relation to each New Owner, the guarantee of the obligations of the Borrower
under the Loan Agreement and the other Finance Documents executed or to be executed by that New Owner in favour of the Security Trustee in such form as the Lenders may approve or require and, in the plural, means both of them; 

“New Manager’s Undertaking” means, in respect of each New Ship, a letter of undertaking executed or
to be executed by the Approved Manager in favour of the Security Trustee in the terms required by the Lenders agreeing certain matters in relation to the Approved Manager serving as the commercial and technical manager of that New Ship, assigning,
as co-assured, its rights and interests in that New Ship’s Insurances in favour of the Security Trustee and subordinating the rights of the Approved Manager against that New Ship and the relevant New Owner to the rights of the Lenders under the
Finance Documents, in such form as the Lenders may approve or require and, in the plural, means all of them; 

“New Mortgage” means, in the case of a New Ship, a first preferred Liberian mortgage on that New Ship
executed or, as the case may be, to be executed by the New Owner which is the owner of that New Ship in favour of the Security Trustee, in such form as the Lenders may approve or require and, in the plural, means both of them; 

  
 3 

 “New Owner” means each of Agamemnon and Archimidis and, in
the plural, means both of them; 
 “New Ship” means each of “AGAMEMNON” and
“ARCHIMIDIS” and, in the plural, means both of them; and 
 “Relevant Amount” has the
meaning given in clause 8.10 of the Loan Agreement. 
  

	1.3	 Application of construction and interpretation provisions of Loan Agreement.  Clauses 1.2 and 1.5 of the Loan Agreement apply, with
any necessary modifications, to this Agreement. 

  

	2	 AGREEMENT OF THE CREDITOR PARTIES 

  

	2.1	 Agreement of the Creditor Parties.  The Creditor Parties agree, subject to and upon the terms and conditions of this Agreement:

  

	(a)	 the Release; 

  

	(b)	 the Substitution; 

  

	(c)	 the Exclusion; and 

  

	(d)	 the consequential amendments to the Loan Agreement and the other Finance Documents in relation to the Release, the Substitution and the Exclusion.

  

	2.2	 Agreement of the Creditor Parties.  The Creditor Parties agree, subject to and upon the terms and conditions of this Agreement, to
the consequential amendment of the Loan Agreement and the other Finance Documents in connection with the matters referred to in Clause 2.1. 

  

	2.3	 Effective Date.  The agreement of the Lenders and the other Creditor Parties contained in Clauses 2.1 and 2.2 shall have effect on
and from the Effective Date. 

  

	3	 CONDITIONS PRECEDENT 

  

	3.1	 General.   The agreement of the Lenders and the other Creditor Parties contained in Clauses 2.1 and 2.2 is subject to the
fulfilment of the conditions precedent in Clause 3.2. 

  

	3.2	 Conditions precedent.   The conditions referred to in Clause 3.1 are that the Facility Agent shall have received the following
documents and evidence in all respects in form and substance satisfactory to the Facility Agent and its lawyers on or before the Effective Date: 

  

	(a)	 evidence that the persons executing this Agreement on behalf of the Borrower are duly authorised to execute the same; 

 

	(b)	 a certificate from an officer of each New Owner confirming the names of all its directors and shareholders and having attached thereto true and
complete copies of its incorporation and constitutional documents; 

  

	(c)	 true and complete copies of the resolutions passed at separate meetings of the directors and shareholders of each of the Borrower and each New Owner
authorising and approving the execution by that New Owner of this Agreement or, as the case may be, the New Finance Documents to which that New Owner is a party and any other document or action to which each is or is to be a party and authorising
its directors or other representatives to execute the same on its behalf; 

  
 4 

	(d)	 the original of any power of attorney issued by each of the Borrower and each New Owner pursuant to such resolutions aforesaid;

  

	(e)	 evidence satisfactory to the Facility Agent that each New Owner is a direct or, as the case may be, indirect wholly owned subsidiary of the
Borrower; 

  

	(f)	 evidence that each New Earnings Account has been duly opened by the relevant New Owner with the Facility Agent; 

 

	(g)	 evidence that each New Ship is: 

  

	 	(i)	 registered in the name of the relevant New Owner under an Approved Flag; and 

 

	 	(ii)	 insured in accordance with the relevant provisions of the Guarantee and all requirements thereof in respect of such insurances have been fulfilled;

  

	(h)	 each New Finance Document has been duly executed by the relevant New Owner together with evidence that: 

 

	 	(i)	 all notices required to be served under the New Charterparty Assignment to which that New Owner is a party, the New General Assignment to which that
New Owner is a party and the New Manager’s Undertakings have been served and acknowledged in the manner therein provided; and 

  

	 	(ii)	 the New Mortgage relative to that New Owner has been duly registered against the relevant New Ship in accordance with the laws of the Approved Flag
State; and 

  

	 	(iii)	 save for the Security Interests created by or pursuant to each New Finance Document there are no Security Interests of any kind whatsoever on either
New Ship or her Earnings, Insurances or Requisition Compensation; 

  

	(i)	 documents establishing that each New Ship is managed by the Approved Manager on terms, in each case, acceptable to the Lenders;

  

	(j)	 copies of ISM DOC, SMC and the International Ship Security Certificate under the ISPS Code in respect of each New Ship;

  

	(k)	 at the cost of the Borrower, an insurance opinion from an independent insurance consultant acceptable to the Lenders on such matters relating to the
insurance for each New Ship as the Facility Agent may require; 

  

	(l)	 evidence satisfactory to the Facility Agent that the Borrower has credited to the Retention Account, on the date on which the Substitution is
effected, the Relevant Amount in respect of the prepayment to be made in connection with the Substitution in accordance with Clause 7.1. The Facility Agent has conducted the calculation of that Relevant Amount by taking into account the valuations
of the Ships and the New Ships dated 7, 18 and 19 December 2012, such valuations having been approved by the Lenders; 

  

	(m)	 certified true copies of the New Approved Charters duly executed by the parties thereto; 

 

	(n)	 such documentary evidence as the Facility Agent and its legal advisers may require in relation to the due authorisation and execution by the parties
to each New Approved Charter and of all documents to be executed by the parties thereto under that New Approved Charter; 

  

	(o)	 certified copies of all documents (with a certified translation if an original is not in English) evidencing any other necessary action, approvals
or consents with respect to this 

  
 5 

	 	 
Agreement and the New Finance Documents (including without limitation) all necessary governmental and other official approvals and consents in such pertinent jurisdictions as the Lenders deem
appropriate; 

  

	(p)	 any documents required by any Lender in respect of either New Owner to satisfy that Lender’s “know your customer” requirements;

  

	(q)	 such legal opinions as the Lenders may require in respect of the matters contained in this Fourth Supplemental Agreement and the New Finance
Documents including, but not limited to, matters relating to Marshall Islands law and Liberian law; and 

  

	(r)	 evidence that the agent referred to in clause 30.4 of the Loan Agreement has accepted its appointment as agent for service of process under this
Fourth Supplemental Agreement and the New Finance Documents. 

  

	4	 REPRESENTATIONS AND WARRANTIES 

  

	4.1	 Repetition of Loan Agreement representations and warranties.  The Borrower represents and warrants to the Creditor Parties that the
representations and warranties in clause 10 of the Loan Agreement remain true and not misleading if repeated on the date of this Agreement. 

  

	4.2	 Repetition of Finance Document representations and warranties.  The Borrower and each of the other Security Parties represents and
warrants to the Creditor Parties that the representations and warranties in the Finance Documents (other than the Loan Agreement) to which it is a party remain true and not misleading if repeated on the date of this Agreement.

  

	5	 AMENDMENTS TO LOAN AGREEMENT AND OTHER FINANCE DOCUMENTS 

 

	5.1	 Specific amendments to Loan Agreement.  With effect on and from the New Effective Date the Loan Agreement shall be amended as
follows: 

  

	(a)	 by adding in clause 1.1 thereof the definitions of “AGAMEMNON”, “ARCHIMIDIS” and “New Approved Charterer” as set out
in clause 1.1 hereof; 

  

	(b)	 by adding the following new definitions in clause 1.1 thereof: 

““New Approved Charter” means: 

 

	 	(a)	 in the case of “AGAMEMNON”, a time charterparty dated 30 May 2012 entered into between Agamemnon as owner and the New Approved
Charterer as charterer of that Ship for a duration of 38 months (extendable by 22 months at the New Approved Charterer’s option) and for a gross daily hire rate of $34,000 (“New Approved Charter A”); and

  

	 	(b)	 in the case of “ARCHIMIDIS”, a time charterparty dated 30 May 2012 entered into between Archimidis as owner and the New Approved
Charterer as charterer of that Ship for a duration of 36 months (extendable by 24 months at the New Approved Charterer’s option) for a gross daily hire rate of $34,000 or, if the New Approved Charterer exercises its 12 month extension option,
$32,500 (“New Approved Charter B”), 

 and, in the plural, means both of
them; 
 “Fourth Supplemental Agreement” means the fourth supplemental agreement to this
Agreement and the other Finance Documents dated December            2012 entered into 

  
 6 

 
between (i) the Borrower, (ii) the Existing Owners, (iii) the Additional Ship Owners, (iv) the Lenders, (v) the Mandated Lead Arranger, (vi) the Facility Agent,
(vii) the Security Trustee, (viii) the Bookrunner, (ix) the Swap Bank and (x) the Co-Arranger; and 
 “Substitution” has the meaning given in the Fourth Supplemental Agreement;”; 
  

	(c)	 by substituting the definitions of “Approved Broker”, “Existing Owners” and “Existing Ships” in clause 1.1 thereof
with the following new definitions: 

 ““Approved Broker” means:

  

	 	(a)	 in the case of container vessels, Arrow Valuations (London), H. Clarkson & Co. Ltd., Barry Rogliano Sales, Maersk Brokers K/S, Howe
Robinson & Co. Ltd. Shipbrokers and SSY Valuation Services Ltd.; and 

  

	 	(b)	 in the case of tanker vessels, Arrow Valuations (London), Barry Rogliano Sales, Fearnleys A/S, H. Clarkson & Co. Ltd., Pareto Shipbrokers
A/S and R.S. Platou A.S. and SSY Valuation Services Ltd.; 

 “Existing
Owners” means, together: 
  

	 	(a)	 Agamemnon Container Carrier Corp. (“Agamemnon”); 

 

	 	(b)	 Archimidis Container Carrier Corp. (“Archimidis”); 

 

	 	(c)	 Baymont Enterprises Incorporated (“Baymont”); and 

 

	 	(d)	 Epicurus Shipping Company (“Epicurus”), 

each a corporation incorporated under the laws of the Republic of the Marshall Islands whose registered office is at
Trust Company House, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, the Marshall Islands or, in the case of Baymont, under the laws of Liberia, whose registered office is at 80 Broad Street, Monrovia, and, in the singular, means any
of them; 
 “Existing Ships” means, together, “AGAMEMNON”, “AMORE MIO II”,
“ARCHIMIDIS” and “EL PIPILA” and, in the singular, means any of them.”; 
  

	(d)	 by adding the words “or a container vessel built in or after 2006” after the words “after 2002” in the first line of the
definition of “Additional Ship Requirements” in clause 1.1 thereof; 

  

	(e)	 by adding the words “(which in the case of each of the first four financial quarters ending after the date of the Substitution (for the
avoidance of doubt, including the financial quarter in which the Substitution is reported) shall include, without limitation, any loss resulting from the Substitution)” after the words “extraordinary item” in the second line of the
definition of “EBITDA” in clause 1.1 thereof; 

  

	(f)	 by adding the words “or a container” after the words “a tanker” in the fourth line of clause 4.2(c)(ii) thereof;

  

	(g)	 by adding the following new sub-paragraph (q) in clause 19.1 thereof: 

 

	 	“(q)	 either New Approved Charter is terminated or rescinded prior to its contractual termination date or for any reason ceases to remain in full force
and effect prior to its contractual termination date unless that New Approved Charter is replaced within 60 days by another time charter with a charterer and in form and terms acceptable to the Facility Agent (such acceptance not to be unreasonably
withheld 

  
 7 

	 	 
and shall be granted if, in the reasonable opinion of the Facility Agent, the entry into the relevant substitute charter shall not adversely affect the Borrower's ability to meet its obligations
under this Agreement and the other Finance Documents)”; 

  

	(h)	 by construing all references therein to “this Agreement” where the context admits as being references to “this Agreement as the same
is amended and supplemented by this Agreement and as the same may from time to time be further supplemented and/or amended”; and 

  

	(i)	 by construing references to each of the Finance Documents as being references to each such document as it is from time to time supplemented and/or
amended. 

  

	5.2	 Amendments to Finance Documents.  With effect on and from the Effective Date each of the Finance Documents other than the Loan
Agreement shall be, and shall be deemed by this Agreement to have been, amended as follows: 

  

	(a)	 the definition of, and references throughout each of the Finance Documents to, the Loan Agreement and any of the other Finance Documents shall be
construed as if the same referred to the Loan Agreement and those Finance Documents as amended and supplemented by this Agreement; and 

  

	(b)	 by construing references throughout each of the Finance Documents 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 Agreement. 

  

	5.3	 Finance Documents to remain in full force and effect.  The Finance Documents shall remain in full force and effect as amended and
supplemented by: 

  

	(a)	 the amendments to the Finance Documents contained or referred to in Clauses 5.1 and 5.2; and 

 

	(b)	 such further or consequential modifications as may be necessary to give full effect to the terms of this Agreement. 

 

	6	 FURTHER ASSURANCES 

  

	6.1	 Borrower’s and each Security Party’s obligation to execute further documents etc.  The Borrower and each Security Party
shall: 

  

	(a)	 execute and deliver to the Security Trustee (or as it may direct) any assignment, mortgage, power of attorney, proxy or other document, governed by
the law of England or such other country as the Security Trustee may, in any particular case, specify; and 

  

	(b)	 effect any registration or notarisation, give any notice or take any other step, 

which the Facility Agent may, by notice to the Borrower, specify for any of the purposes described in Clause 6.2 or
for any similar or related purpose. 
  

	6.2	 Purposes of further assurances.  Those purposes are: 

 

	(a)	 validly and effectively to create any Security Interest or right of any kind which the Security Trustee intended should be created by or pursuant to
the Loan Agreement or any other Finance Document, each as amended and supplemented by this Agreement, and 

  

	(b)	 implementing the terms and provisions of this Agreement. 

 

	6.3	 Terms of further assurances.  The Security Trustee may specify the terms of any document to be executed by the Borrower or any
Security Party under Clause 6.1, and those terms may include any covenants, powers and provisions which the Security Trustee considers appropriate to protect its interests. 

  
 8 

	6.4	 Obligation to comply with notice.  The Borrower or any Security Party shall comply with a notice under Clause 6.1 by the date
specified in the notice. 

  

	7	 PREPAYMENT AND EXPENSES 

  

	7.1	 Prepayment. The Relevant Amount in respect of the Substitution shall be made available to the Borrower for re-borrowing pursuant to the
Loan Agreement (including, without limitation, clauses 2.3(a) and 8.13(b) thereof) on 31 December 2012. 

  

	7.2	 Expenses.  The provisions of clause 20 (fees and expenses) of the Loan Agreement shall apply to this Agreement as if they were
expressly incorporated in this Agreement with any necessary modifications. 

  

	8	 COMMUNICATIONS 

  

	8.1	 General.  The provisions of clause 28 (notices) of the Loan Agreement, as amended and supplemented by this Agreement, shall apply
to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 

  

	9	 SUPPLEMENTAL 

  

	9.1	 Counterparts. This Agreement may be executed in any number of counterparts. 

 

	9.2	 Third Party rights. A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to
enforce or to enjoy the benefit of any term of this Agreement. 

  

	10	 LAW AND JURISDICTION 

  

	10.1	 Governing law. This Agreement and any non-contractual obligations arising out of or in connection with it, shall be governed by and construed
in accordance with English law. 

  

	10.2	 Incorporation of the Loan Agreement provisions. The provisions of clause 30 (law and jurisdiction) of the Loan Agreement, as amended and
supplemented by this Agreement, shall apply to this Agreement as if they were expressly incorporated in this Agreement with any necessary modifications. 

 THIS AGREEMENT has been duly executed as a Deed on the date stated at the beginning of this Agreement. 

  
 9 

 SCHEDULE 
 LENDERS 
  

					
	Lender	  	Lending Office	  	 
			
	  HSH Nordbank AG	  	 Gerhart-Hauptmann-Platz 50
 20095 Hamburg
 Germany

 
 Fax No: +49 40 33 33 6 15150
	  	
			
	Alpha Bank A.E.	  	 Akti Miaouli 89
 185 38 Piraeus
 Greece

 
 Fax No: +30 210 429 0348
	  	
			
	  DNB Bank ASA	  	 20 St. Dunstan’s Hill
 London EC3R 8HY
 England

 
 Fax No: 0044 207 626 5956
	  	
			
	  National Bank of Greece S.A.	  	 Bouboulinas 2 &
 Akti Miaouli
 185 35 Piraeus

 
 Fax No: +30 210 414 4120
	  	
			
	Piraeus Bank A.E.	  	 47-49 Akti Miaouli
 185 36 Piraeus
  
 Fax No: +30 210 429 2669
	  	

  
 10 

 EXECUTION PAGES 

 

							
		 	BORROWER	 		    	
				
		 	SIGNED by    Valasia Gkigkilini	 	 )
	    	
		 	for and on behalf of	 	 )
	    	 /s/ Valasia Gkigkilini

		 	CAPITAL PRODUCT PARTNERS L.P.	 	 )
	    	
				
		 	LENDERS	 		    	
				
		 	SIGNED by Vivian Erica Lacombe	 	 )
	    	
		 	for and on behalf of	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	HSH NORDBANK AG	 	 )
	    	
				
		 	SIGNED by K.N. Sotiriou/C.G. Aroni	 	 )
	    	
		 	for and on behalf of	 	 )
	    	 /s/ K.N. Sotiriou/ /s/C.G. Aroni

		 	ALPHA BANK A.E.	 	 )
	    	
				
		 	SIGNED by    Vivian Erica Lacombe	 	 )
	    	
		 	for and on behalf of	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	DNB BANK ASA	 	 )
	    	
		
		 	SIGNED by Konstantinos Simos/Panagiotis Florakis   )
		 	for and on behalf of	 	 )
	    	 /s/Konstantinos Simos

		 	NATIONAL BANK OF GREECE S.A.	 	 )
	    	 /s/Panagiotis Florakis

				
		 	SIGNED by    Maria Yeuryi/Jason Dallas	 	 )
	    	
		 	for and on behalf of	 	 )
	    	 /s/ Maria Yeuryi/ /s/Jason Dallas

		 	PIRAEUS BANK A.E.	 	 )
	    	
				
		 	SWAP BANK	 		    	
				
		 	SIGNED by    Vivian Erica Lacombe	 	 )
	    	
		 	for and on behalf of	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	HSH NORDBANK AG	 	 )
	    	
				
		 	BOOKRUNNER	 		    	
				
		 	SIGNED by Vivian Erica Lacombe	 	 )
	    	
		 	for and on behalf of	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	HSH NORDBANK AG 	 	 )
	    	

  
 11 

							
		 	 MANDATED LEAD ARRANGER
	 		    	
				
		 	 SIGNED by Vivian Erica Lacombe
	 	 )
	    	
		 	 for and on behalf of
	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	 HSH NORDBANK AG
	 	 )
	    	
				
		 	 CO-ARRANGER
	 		    	
				
		 	 SIGNED by Vivian Erica Lacombe
	 	 )
	    	
		 	 for and on behalf of
	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	 DNB BANK ASA
	 	 )
	    	
				
		 	 FACILITY AGENT
	 		    	
				
		 	 SIGNED by    Vivian Erica Lacombe
	 	 )
	    	
		 	 for and on behalf of
	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	 HSH NORDBANK AG
	 	 )
	    	
				
		 	 SECURITY TRUSTEE
	 		    	
				
		 	 SIGNED by    Vivian Erica Lacombe
	 	 )
	    	
		 	 for and on behalf of
	 	 )
	    	 /s/ Vivian Erica Lacombe

		 	 HSH NORDBANK AG
	 	 )
	    	
				
		 	 Witness to all the
	 	 )
	    	
		 	 above signatures
	 	 )
	    	 /s/ Christofors Bismpikos

 Name: Christoforos Bismpikos, Solicitor 

Address: Watson, Farley & Williams, 89 Akti Miaouli, Piraeus 18538 – Greece 

  
 12 

 COUNTERSIGNED this
day      21       of December 2012 for and on behalf of the following Security Parties each of which, by its execution hereof, confirms and acknowledges that it has read and understood
the terms and conditions of this Agreement, 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
Borrower under the Loan Agreement and the other Finance Documents. 
  

					
	         /s/ Evangelos
Bairactaris            
	 		 	         /s/ Evangelos
Bairactaris

	 Evangelos Bairactaris
	 		 	 Evangelos Bairactaris

	 for and on behalf of
	 		 	 for and on behalf of

	 WIND DANCER SHIPPING INC.
	 		 	 BELERION MARITIME CO.

			
	         /s/ Evangelos
Bairactaris            
	 		 	
        /s/    Evangelos   
 Bairactaris

	 Evangelos Bairactaris
	 		 	 Evangelos Bairactaris

	 for and on behalf of
	 		 	 for and on behalf of

	 EPICURUS SHIPPING COMPANY
	 		 	 AIAS CARRIERS CORP.

			
	         /s/ Evangelos
Bairactaris            
	 		 	
        /s/    Evangelos   
 Bairactaris

	 Evangelos Bairactaris
	 		 	 Evangelos Bairactaris

	 for and on behalf of
	 		 	 for and on behalf of

	MILTIADIS MII CARRIERS CORP. 	 		 	BAYMONT ENTERPRISES INCORPORATED

  
 13

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