Document:

EX-10.1

 Exhibit 10.1 
 SECURITIES PURCHASE AGREEMENT 
 THIS SECURITIES PURCHASE AGREEMENT (this
“Agreement”) is made as of February 26, 2013, between Navios Maritime Acquisition Corporation, a Marshall Islands corporation (the “Company”), and Navios Maritime Holdings, Inc., a Marshall Islands corporation
(the “Purchaser”). Except as otherwise indicated herein, capitalized terms used herein are defined in Section 7 hereof. 
 WHEREAS, the Purchaser is an entity affiliated with the officers and directors of the Company; and 
 WHEREAS, in furtherance of the Company’s plan to obtain financing through a registered direct offering (the “Offering”) of 9,825,000 shares of its common stock (the “Common
Stock”), par value $0.0001 per share, and to demonstrate its commitment to the Company, the Purchaser desires to make an investment in the Company by purchasing shares of Common Stock (each, a “Share” and collectively, the
“Shares”) on the terms and conditions described herein. 
 NOW THEREFORE, the parties to this Agreement hereby
agree as follows: 
 Section 1. Authorization, Purchase and Sale. 

A. Authorization of the Shares. The Company has authorized, and hereby ratifies such authorization by execution hereof, the
issuance and sale to the Purchaser of an aggregate of 17,544,300 Shares. 
 B. Purchase and Sale of the Shares. The
Company shall sell to the Purchaser, and subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company, simultaneously with the completion of the Offering, 17,544,300 Shares. The purchase price of each Share
shall be $2.85 per share for an aggregate purchase price of $50,001,255 (the “Purchase Price”), which shall be paid by wiring of immediately available United States funds to an account for the benefit of the Company, pursuant to
wire instructions provided by the Company in advance of the closing. 
 Section 2. The Closing. The closing of
the purchase and sale of the Shares to the Purchaser (the “Closing”) shall take place simultaneously with, and at the same offices as the closing of the Offering. As soon as practicable following the Closing, the Company shall
deliver certificates evidencing the Shares to the Purchaser, registered in the Purchaser’s name, upon the payment of the Purchase Price at the Closing, by wire transfer of immediately available United States funds to an account for the benefit
of the Company, pursuant to wire instructions provided by the Company in advance of the Closing. 

Section 3. Representations, Warranties and Covenants of the Purchaser. As a material inducement to the Company to
enter into this Agreement and issue and sell the Shares to the Purchaser, the Purchaser hereby represents, warrants and covenants to the Company that: 
 A. Capacity and State Law Compliance. 
 (i) The Purchaser is a
corporation duly organized, validly existing and in good standing under the laws of the Republic of the Marshall Islands and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a
material adverse effect on the financial condition, operating results or assets of the Purchaser. 
 (ii) The execution,
delivery and performance of this Agreement by the Purchaser will have been duly authorized by the Purchaser as of the Closing. 

(iii) To the Purchaser’s knowledge, the Purchaser has engaged in the transactions contemplated by this Agreement within a
jurisdiction in which the offer and sale of the Shares is permitted under applicable securities laws. The Purchaser understands and acknowledges that any resale of the Shares may require the registration of such shares of Common Stock under U.S.
federal, state or foreign securities laws or the availability of an exemption from such registration requirements. 

B. Authorization; No Breach. 
 (i) The Purchaser has the full right, power and authority to enter into this Agreement, and this Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its
terms. 
 (ii) The execution and delivery by the Purchaser of this Agreement, and the fulfillment of and compliance with
the terms hereof by the Purchaser do not, and shall not as of the Closing, conflict with or result in a breach of the terms, conditions or provisions of any other agreement, instrument, order, judgment or decree to which the Purchaser is subject.

  
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 C. Investment Representations. 

(i) The Purchaser is acquiring the Shares for its own account, for investment only and not with a view towards, or for resale in
connection with, any public sale or distribution thereof. 
 (ii) The Purchaser is an “accredited investor” as
defined in Rule 501(a)(3) of Regulation D promulgated under the Securities Act. 
 (iii) The Purchaser understands that
the Shares are being offered and sold to it in reliance on specific exemptions from the registration requirements of United States federal and state securities laws, and that the Company is relying upon the truth and accuracy of, and the
Purchaser’s compliance with, the representations, warranties and agreements of the Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Shares. 

(iv) The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising
within the meaning of Rule 502(c) under the Securities Act, including the filing of the Registration Statement or any Prospectus Supplement. 
 (v) By virtue of the Purchaser’s affiliation with officers and directors of the Company, the Purchaser has access to all materials relating to the business, finances and operations of the
Company and materials relating to the offer and sale of the Shares. The Purchaser has been afforded the opportunity to ask questions of the other executive officers and directors of the Company who are not affiliated with the Purchaser and the
Manager (defined below). The Purchaser understands that its investment in the Shares involves a high degree of risk. The Purchaser has sought such accounting, legal and tax advice as the Purchaser has considered necessary to make an informed
investment decision with respect to its acquisition of the Shares. 
 (vi) The Purchaser understands that no United States
federal or state agency or any other government or governmental agency has passed on, or made any recommendation or endorsement of, the Shares or the fairness or suitability of the investment in the Shares nor have such authorities passed upon or
endorsed the merits of the offering of the Shares. 
 (vii) The Purchaser understands that: (A) the Shares have not
been registered under the Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (x) subsequently registered thereunder or (y) sold in reliance on an exemption therefrom; and,
(B) except as specifically set forth in the Registration Rights Agreement by and among the Company and Navios Maritime Holdings, Inc., and the other investors party thereto (the “Registration Rights Agreement”), neither the
Company nor any other person is under any obligation to register the Shares under the Securities Act or any state or foreign securities laws or to comply with the terms and conditions of any exemption thereunder. In this regard, the Purchaser
represents that it is familiar with Rule 144 adopted pursuant to the Securities Act, and understands the resale limitations imposed thereby and by the Securities Act. 
 (viii) The Purchaser acknowledges that it has knowledge and experience in financial and business matters, knows of the high degree of risk associated with investments generally and particularly
investments in the securities of companies such as the Company, is capable of evaluating the merits and risks of an investment in the Shares and is able to bear the economic risk of an investment in the Shares in the amount contemplated hereunder
for an indefinite period of time. The Purchaser has adequate means of providing for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity which would be jeopardized by the investment in the
Shares. The Purchaser can afford a complete loss of its investment in the Shares. 
 D. No Group. By virtue of the
Purchaser’s purchase of the Shares under this Agreement, such participation shall not be construed so as to make the Purchaser part of, or a participant in, a “group” as defined in Rule 13d-5 of the Exchange Act with respect to any
securities of the Company. 
 E. Rescission Right Waiver and Indemnification. 

(i) The Purchaser understands and acknowledges that an exemption from the registration requirements of the Securities Act requires
that there be no general solicitation of purchasers of the Shares. In this regard, if the Offering were deemed to be a general solicitation with respect to the Shares, the offer and sale of such Shares might not be exempt from registration and, if
not, the Purchaser would have a prima facie claim, subject to applicable defenses, to rescind its purchase of the Shares. In order to facilitate the completion of the Offering and in order to protect the Company and its stockholders from claims that
may adversely affect the Company or the interests of its stockholders, the Purchaser hereby agrees to waive, to the maximum extent permitted by applicable law, any claims, right to sue or rights in law or arbitration, as the case may be, to seek
rescission of its purchase of the Shares. The Purchaser acknowledges and agrees that this waiver is being made in order to induce the Company to sell the Shares to the Purchaser. The Purchaser further agrees that the foregoing waiver of rescission
rights shall, to the extent permitted under applicable law, apply to any and all known or unknown actions, causes of action, suits, claims, or proceedings (collectively, “Rescission Claims”) and related losses, costs, penalties,
fees, liabilities and damages, whether compensatory, consequential or exemplary, and expenses in connection therewith (collectively, “Losses and Expenses”), including, without limitation, reasonable attorneys’ and expert
witness fees and disbursements and all other expenses reasonably incurred in investigating, preparing or defending against any Rescission Claims, whether pending or threatened, in connection with any present or future actual or asserted right to
rescind the purchase of the Shares hereunder or relating to the purchase of the Shares and the transactions contemplated hereby. 

  
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 (ii) The Purchaser agrees to indemnify and hold harmless the Company against any and
all Losses and Expenses whatsoever to which the Company may become subject as a result of the purchase of the Shares by the Purchaser. 
 (iii) The Purchaser acknowledges and agrees that the stockholders of the Company, including those who purchase shares of Common Stock in the Offering, are and shall be third-party beneficiaries of
the foregoing provisions of Section 3.E. of this Agreement. 
 (iv) The Purchaser agrees that, to the extent any
waiver of rights under this Section 3.E. is ineffective as a matter of law, the Purchaser has offered such waiver for the benefit of the Company as an equitable right that shall survive any statutory disqualification or bar that applies to a
legal right. The Purchaser further acknowledges the receipt and sufficiency of consideration received from the Company hereunder in this regard and the receipt of all information it requires to agree to such waiver. 

Section 4. Conditions Precedent to Closing. 
 A. The obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment on or before the Closing of each of the following conditions: 

(i) Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be
true at and as of the Closing as though then made. 
 (ii) Performance. The Purchaser shall have performed and
complied with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing. 
 (iii) Corporate Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the issuance and sale
of the Shares hereunder. 
 B. This Agreement evidences the agreement between the Company, on the one hand, and the
Purchaser, on the other hand. Accordingly the Company may (but shall not be required to) waive any closing condition with respect to the Purchaser. 
 Section 5. Termination. This Agreement may be terminated by agreement of the Company and the Purchaser at any time prior to the consummation of the Closing if the Offering is not
closed within the time periods described in the Placement Agency Agreement, and this Agreement shall automatically terminate without any further action by any party and thereafter be null and void upon termination of the Placement Agency Agreement
or the Offering. 
 Section 6. Survival. All of the representations, warranties, covenants and agreements
contained in Section 3 shall survive the Closing for a period of six (6) months, except as otherwise specifically provided herein. 
 Section 7. Definitions. For the purposes of this Agreement, the following terms have the meanings set forth below: 

“Commission” means the United States Securities and Exchange Commission. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Placement Agency Agreement” means that certain placement agency agreement to be entered into by and among the Company
and RS Platou Markets, Inc., individually and as manager on behalf of the placement agents (the “Manager”), in connection with the Offering. 
 “Person” means any individual, partnership, corporation, limited liability company, association, joint stock company, trust, joint venture, unincorporated organization or governmental
entity or any department, agency or political subdivision thereof. 
 “Prospectus Supplement” the prospectus
supplement to the base prospectus filed in accordance with the provisions of Rule 430B of the rules and regulations of the Commission under the Securities Act (the “Securities Act Regulations”) and paragraph (b) of
Rule 424 of the Securities Act Regulations. 
 “Registration Statement” means the Company’s
registration statement on Form F-3 (File No. 333-169320), including a base prospectus, covering the registration of the shares of Common Stock to be issued in the Offering under the Securities Act, as the same has been, and may be, amended from
time to time hereafter and filed with the Commission. 
 “Securities Act” means the Securities Act of 1933, as
amended. 

  
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 Section 8. Miscellaneous. 

A. Legends. 
 (i) The certificates evidencing the Shares will include the legend set forth below: 
 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. 
 (ii) By accepting the certificates bearing the aforesaid legend, the Purchaser agrees, prior to any permitted transfer of the Shares represented by the certificates and subject to the restrictions
contained herein, to give written notice to the Company expressing its desire to effect such transfer and describing briefly the proposed transfer. Upon receiving such notice, the Company shall present copies thereof to its counsel and the following
provisions shall apply: 
 (x) if, in the reasonable opinion of counsel to the Company, the proposed transfer of such
Shares may be effected without registration under the Securities Act and applicable state securities acts, the Company shall promptly thereafter notify the Purchaser, whereupon the Purchaser shall be entitled to transfer such Shares, all in
accordance with the terms of the notice delivered by the Purchaser and upon such further terms and conditions as shall be required to ensure compliance with the Securities Act and the applicable state securities acts, and, upon surrender of the
certificate evidencing such Shares, in exchange therefor, a new certificate not bearing a legend of the character set forth above if such counsel reasonably believes that such legend is no longer required under the Securities Act and the applicable
state securities acts; and 
 (y) subject to the transfer restrictions contained elsewhere in this Agreement, if, in the
reasonable opinion of counsel to the Company, the proposed transfer of such Shares may not be effected without registration under the Securities Act or the applicable state securities acts, a copy of such opinion shall be promptly delivered to the
Purchaser, and such proposed transfer shall not be made unless such registration is then in effect. 
 (iii) The Company
may, from time to time, make stop transfer notations in its records and deliver stop transfer instructions to its transfer agent to the extent its counsel considers it necessary to ensure compliance with the Securities Act and the applicable state
securities acts. 
 B. Successors and Assigns. Except as otherwise expressly provided herein, all covenants and
agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and permitted assigns of the parties hereto, whether so expressed or not. Notwithstanding the
foregoing or anything to the contrary herein, the parties may not assign this Agreement. 
 C. Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
 D. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts,
taken together, shall constitute one and the same Agreement. Facsimile signatures shall be deemed originals for all purposes hereunder. 
 E. Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. The use of the
word “including” in this Agreement shall be by way of example rather than by limitation. 
 F. Governing
Law. The general corporation law of the State of New York shall govern all issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement, without giving effect to any choice of law or conflict of
law rules or provisions that would cause the application of the laws of any jurisdiction other than the State of New York. 

G. Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of
this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid) or mailed to the recipient by certified or
registered mail, return receipt requested and postage prepaid. Such notices, demands and other communications shall be sent: 
 

if to the Company, to: 
 Navios Maritime
Acquisition Corporation 
 85 Akti Miaouli Street 
 Piraeus, Greece 185 38 
 Attn: Angeliki Frangou, Chief Executive Officer 

  
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 with a copy (which shall not constitute notice) to: 

Thompson Hine LLP 
 335 Madison Avenue, 12th
Floor 
 New York, New York 10017 

Attn: Todd E. Mason, Esq. 
 and if to Purchaser:

 Navios Maritime Holdings, Inc. 
 85
Akti Miaouli Street 
 Piraeus, Greece 185 38 
 Attn: Angeliki Frangou, Chief Executive Officer 
 or in any case to such other address or to the
attention of such other person as the recipient party has specified by prior written notice to the sending party. 

H. No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of
the authorship of any of the provisions of this Agreement. 
 I. Waiver of Trial by Jury. Each party hereto hereby
irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions
contemplated hereby, or the actions of the parties in the negotiation, administration, performance or enforcement hereof. 

{Remainder of page left intentionally blank. Signature page(s) to follow} 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Securities Purchase
Agreement as of the date first written above.
  

					
	COMPANY:	 	NAVIOS MARITIME ACQUISITION CORPORATION
			
		 	By:	 	 /s/ Vasiliki Papaefthymiou

		 	Name:	 	Vasiliki Papaefthymiou
		 	Title:	 	Secretary

  

					
	PURCHASER:	 	NAVIOS MARITIME HOLDINGS, INC.
			
		 	By:	 	 /s/ Vasiliki Papaefthymiou

		 	Name:	 	Vasiliki Papaefthymiou
		 	Title:	 	Director/Secretary

 [Signature Page Sponsor Securities Purchase Agreement]EX-10.2

 Exhibit 10.2 
 FORM OF CO-INVESTMENT SHARE SUBSCRIPTION AGREEMENT 
 THIS CO-INVESTMENT
SHARE SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of February 26, 2013, by and between Navios Maritime Acquisition Corporation, a Marshall Islands corporation (the “Company”), and
[             ] (the “Purchaser”). 
 WHEREAS, the
Purchaser is an officer of director of the Company or an entity affiliated with the Company; and 
 WHEREAS, in furtherance of
the Company’s plan to obtain financing through a registered direct offering (the “Offering”) of 9,825,00 shares of its common stock (the “Common Stock”), par value $0.0001 per share, and to demonstrate its
commitment to the Company, the Purchaser desires to make an investment in the Company by purchasing shares of Common Stock on the terms and conditions described herein. 
 NOW, THEREFORE, for and in consideration of the promises and mutual covenants set forth herein, the parties hereto agree as follows: 
 1. Purchase of Co-Investment Shares. The Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to issue and sell to the Purchaser
[                 ] shares of Common Stock (each a “Co-Investment Share”) at a purchase price equal to $2.85 per share (the “Purchase
Price”). The closing of the purchase and sale of the Co-Investment Shares to the Purchaser (the “Closing”) shall take place simultaneously with, and at the same offices as the closing of the Offering. As soon as practicable
following the Closing, the Company shall deliver certificates evidencing the Co-Investment Shares to the Purchaser, registered in the Purchaser’s name. 
 2. Payment Of Purchase Price. The purchase price for the Co-Investment Shares shall be tendered in full at the Closing by one or a combination of the following means: (a) wiring of immediately
available United States funds to an account for the benefit of the Company, pursuant to wire instructions provided by the Company in advance of the closing; or (b) by delivery of a cashiers’ check to the Company of immediately available
United States funds. 
 3. Restrictive Legends. All certificates representing the Co-Investment Shares shall have endorsed thereon a
legend in substantially the following form (in addition to any other legend which may be required by other agreements between the parties hereto, if any): 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.” 
 4. Investment Representations. In connection with the purchase of the Co-Investment Shares, the Purchaser represents to the Company the following: 

(a) The Purchaser is familiar with the Company’s business plans and financial condition and has acquired sufficient information
about the Company to reach an informed and knowledgeable decision to acquire the Co-Investment Shares. The Purchaser has been afforded the opportunity to ask questions of the executive officers and directors of the Company. The Purchaser understands
that its investment in the Co-Investment Shares involves a high degree of risk. The Purchaser has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to its acquisition of
the Co-Investment Shares. The Purchaser has such knowledge and expertise in financial and business matters, knows of the high degree of risk associated with investments generally and particularly investments in the securities of companies such as
the Company, is capable of evaluating the merits and risks of an investment in the Co-Investment Shares, and is able to bear the economic risk of an investment in the Co-Investment Shares in the amount contemplated hereunder. The Purchaser can
afford a complete loss of its investment in the Co-Investment Shares. The Purchaser is purchasing the Co-Investment Shares for investment for its own account only and not with a view to, or for resale in connection with, any “distribution”
thereof within the meaning of the Securities Act. 
 (b) The Purchaser understands that the Co-Investment Shares have not been
registered under the Securities Act or any state securities law by reason of a specific exemption therefrom, and that the Company is relying on the truth and accuracy of, and the Purchaser’s compliance with, the representations and warranties
and agreements of the Purchaser set forth herein to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Co-Investment Shares, including, but not limited to, the bona fide nature of the Purchaser’s
investment intent as expressed herein. 
 (c) The Purchaser understands that the Co-Investment Shares have not been
registered under the Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (x) subsequently registered thereunder or (y) sold in reliance on an exemption therefrom. The Purchaser
understands that the certificates evidencing the Co-Investment Shares shall be imprinted with a legend that prohibits the transfer of the Co-Investment Shares unless the Co-Investment Shares are registered or such registration is not required in the
opinion of counsel for the Company. 

  
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 (d) The Purchaser represents that it is an “accredited investor” as that term is
defined in Rule 501 of Regulation D promulgated under the Securities Act. 
 (e) The Purchaser has all necessary power and
authority to enter into this Agreement and to consummate the transactions contemplated hereby. All action necessary to be taken by the Purchaser to authorize the execution, delivery and performance of this Agreement and all other agreements and
instruments delivered by the Purchaser in connection with the transactions contemplated hereby has been duly and validly taken, and this Agreement has been duly executed and delivered by the Purchaser. This Agreement constitutes the valid, binding
and enforceable obligation of the Purchaser, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or similar laws of general
application now or hereafter in effect affecting the rights and remedies of creditors and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). The Purchaser’s obligations hereunder
do not conflict with any material contract by which the Purchaser or its property is bound, or any laws or regulations or decree, ruling or judgment of any court applicable to the Purchaser or its property. 

(f) The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the
meaning of Rule 502(c) of the Securities Act. 
 (g) The Purchaser understands that no United States federal or state agency or
any other government or governmental agency has passed on or made any recommendation or endorsement of the Co-Investment Shares or the fairness or suitability of the investment in the Co-Investment Shares, nor have such authorities passed upon or
endorsed the merits of the offering of the Co-Investment Shares. 
 (h) The Purchaser understands that, except as specifically
set forth in the Registration Rights Agreement by and among the Company and Navios Maritime Holdings, Inc., the Purchaser and the other investors party thereto (the “Registration Rights Agreement”), neither the Company nor any other
person is under any obligation to register such Co-Investment Shares under the Securities Act or any state or foreign securities laws or to comply with the terms and conditions of any exemption thereunder. In this regard, the Purchaser represents
that it is familiar with Rule 144 adopted pursuant to the Securities Act, and understands the resale limitations imposed thereby and by the Securities Act. 
 5. Company Representations And Warranties. In connection with the issuance and sale of the Co-Investment Shares, the Company represents to the Purchaser the following: 

(a) The Company is a corporation duly incorporated, validly existing and in good standing under the laws of The Republic of the Marshall
Islands and the Company has all necessary corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. All corporate action necessary to be taken by the Company to authorize the execution,
delivery and performance of this Agreement and all other agreements and instruments delivered by the Company in connection with the transactions contemplated hereby has been duly and validly taken and this Agreement has been duly executed and
delivered by the Company. This Agreement constitutes the valid, binding and enforceable obligation of the Company, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, fraudulent transfer or similar laws of general application now or hereafter in effect affecting the rights and remedies of creditors and by general principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity). The sale by the Company of the Co-Investment Shares does not conflict with the articles of incorporation or by-laws of the Company or any material contract by which the Company or its property is bound, or any
federal or state laws or regulations or decree, ruling or judgment of any United States or state court applicable to the Company or its property. 
 (b) The Co-Investment Shares have been duly authorized and, when issued, delivered and paid for in accordance with this Agreement. Further, the Co-Investment Shares will be validly issued, fully paid and
non-assessable and will be free and clear of all liens and claims. 
 6. Miscellaneous. 

6.1 Successors and Assigns. This Agreement shall inure to the benefit of the successors and assigns of the Company and, subject to
the restrictions on transfer herein set forth, shall be binding upon Purchaser and Purchaser’s successors and assigns. 

6.2 Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of New York
without regard to the principles of conflicts of law thereof. The parties agree that any action brought by either party to interpret or enforce any provision of this Agreement shall be brought in, and each party agrees to, and does hereby, submit to
the jurisdiction and venue of, the appropriate state or federal court in the State of New York. 
 6.3 Further Execution.
The parties agree to take all such further actions as may reasonably be necessary to carry out and consummate this Agreement as soon as practicable, and to take whatever steps may be necessary to obtain any governmental approval in connection with
or otherwise qualify the issuance of the securities that are the subject of this Agreement. 

  
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 6.4 Entire Agreement; Amendment. This Agreement constitutes the entire agreement
between the parties with respect to the subject matter hereof and supersedes and merges all prior agreements or understandings, whether written or oral. This Agreement may not be amended, modified or revoked, in whole or in part, except by an
agreement in writing signed by each of the parties hereto. 
 6.5 Severability. If one or more provisions of this
Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then
(a) such provision shall be excluded from this Agreement, (b) the balance of the Agreement shall be interpreted as if such provision were so excluded and (c) the balance of the Agreement shall be enforceable in accordance with its
terms. 
 6.6 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original and all of which together shall constitute one instrument. This Agreement or any counterpart may be executed via facsimile or electronic mail transmission, and any such executed facsimile or electronic mail copy shall be treated as an
original. 
 6.7 Survival. The representations and warranties contained herein shall survive the delivery of, and the
payment for, the Co-Investment Shares. 
 6.8 Waiver of Jury Trial. Each party hereto hereby irrevocably and
unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions contemplated
hereby, or the actions of Purchaser in the negotiation, administration, performance or enforcement hereof. 
 (Remainder of
Page intentionally left blank. Signature page(s) to follow) 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written. 
  

			
	NAVIOS MARITIME ACQUISITION CORPORATION
		
	By:	 	  

	Name:	 	Vasiliki Papaefthymiou
	Title:	 	Secretary

 [Signature Page to Co-Investment Share Subscription Agreement] 

[                    ] 

 

                         
                                         
                           
 [Signature Page to Co-Investment Share Subscription Agreement]

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