Document:

Unassociated Document

    AMENDMENT
TO OMNIBUS AGREEMENT

     

    This
AMENDMENT TO OMNIBUS AGREEMENT (this “Amendment”), dated as of June 29, 2009, is
made by and among Navios Maritime Holdings Inc., a Marshall Islands corporation
(“Navios Maritime”), Navios GP L.L.C., a Marshall Islands limited liability
company (the “General Partner”), Navios Maritime Operating L.L.C., a Marshall
Islands limited liability company (the “OLLC”), and Navios Maritime Partners
L.P., a Marshall Islands limited partnership (the “MLP”, and together with
Navios Maritime, the General Partner and the OLLC, the “Parties”) and amends the
Omnibus Agreement (the “Agreement”) entered into among the Parties on November
16, 2007. Capitalized terms used and not otherwise defined in this Amendment
shall have the meanings given them in the Agreement.

     

    WITNESSETH:

    

    WHEREAS,
the Agreement provide that the terms thereof may be amended only pursuant to a
written instrument executed by the Parties; and

    

    WHEREAS,
the Parties desire to amend the Agreement;

    

    NOW,
THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereby agree as follows:

    

    1.         Section
2.1 shall be amended to add a second paragraph as follows:

    

    “Notwithstanding
the prohibition in this Section 2.1, such prohibition on each of the Navios
Maritime Entities shall not be effective from June 29, 2009 until June 29, 2011;
provided, however, such prohibition on each of the Navios Maritime Entities
shall remain in effect for Panamax Drybulk Carriers or Capesize Drybulk Carriers
that are owned as of the date of this Amendment that become subject to a
Qualifying Contract.”

    

    2.         Section
2.2(b) shall be amended  to add the following at the end of the only
sentence of that Section 2.2(b):

    

    “or if
such Panamax Carrier Asset or Capesize Carrier Asset was acquired during the
period from June 29, 2009 until June 29, 2011.”

    

    3.         Following
Section 5.1(b), new Section 5.1(c) shall be added to the Agreement in its
entirety:

    

    “(c)
Notwithstanding the right of first offer the Navios Maritime Entities granted to
the MLP pursuant to the second sentence of Section 5.1(a), such right of first
offer granted to the MLP shall not be effective from June 29, 2009 until June
29, 2011; provided, however, such right of first offer shall remain in effect
for Panamax Drybulk Carriers or Capesize Drybulk Carriers that are owned as of
the date of this Amendment that become subject to a Qualifying
Contract.”

    

    3.         Full Force and
Effect.  Except as modified by this Amendment, all other terms
and conditions in the Agreement shall remain in full force and
effect.

    

    4.         Effect.  Unless
the context otherwise requires, the Agreement, as amended, and this Amendment
shall be read together and shall have effect as if the provisions of the
Agreement, as amended, and this Amendment were contained in one
agreement.  After the effective date of this Amendment, all references
in the Agreement to “this Agreement,” “hereto,” “hereof,” “hereunder” or words
of like import referring to the Agreement shall mean the Agreement, as amended,
as further modified by this Amendment.

     

    

    5.         Counterparts.  This
Amendment may be executed in separate counterparts, all of which taken together
shall constitute a single instrument.

    

    [Remainder of page intentionally left
blank. Signature page to follow.]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

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

    

     

    
      
        
          
            
              	 
      	
                      NAVIOS
      MARITIME HOLDINGS INC.

                    
	 	 
	 
      	 
      	
                      by 

                    	/s/
      George Achniotis
	 
      	 
      	 
      	
                      Name:
      George Achniotis

                    
	 
      	 
      	 
      	
                      Title:   Chief
      Financial Officer

                    
	 
      	 
      	 
      	 
      
	 
      	
                      NAVIOS
      GP L.L.C.

                    
	 	 
	 
      	 
      	
                      by

                    	/s/
      Vasiliki Papaefthymiou
	 
      	 
      	 
      	
                      Name:  Vasiliki
      Papaefthymiou

                    
	 
      	 
      	 
      	
                      Title:    Secretary

                    
	 
      	 
      	 
      	 
      
	 
      	 
      
	 
      	
                      NAVIOS
      MARITIME OPERATING L.L.C.

                    
	 
      	 
      	 
      	 
      
	 
      	 
      	
                      by:

                    	/s/
      Vasiliki Papaefthymiou
	 
      	 
      	 
      	
                      Name:
      Vasiliki Papaefthymiou

                    
	 
      	 
      	 
      	
                      Title:
      Secretary

                    
	 
      	 
      
	 
      	
                      NAVIOS
      MARITIME PARTNERS L.P.

                    
	 	 
	 
      	 
      	
                      by

                    	/s/
      Michael McClure
	 
      	 
      	 
      	
                      Name:
      Michael McClure

                    
	 
      	 
      	 
      	
                      Title:
      Chief Financial Officer

                    
	 
      	 
      	 
      	 
      

            

          

        

      

    

     

     

    
      [Signature
Page - Amendment to Omnibus Agreement]Unassociated Document

    WAIVER
OF NAVIOS MARITIME PARTNERS L.P.

    

    June 29,
2009

    

    Reference
is hereby made to that certain RIGHT OF FIRST REFUSAL AND CORPORATE
OPPORTUNITIES AGREEMENT (the “Agreement”) made as of June 25, 2008 by and among
Navios Maritime Acquisition Corporation, a Marshall Islands corporation (the
“Company”), Navios Maritime Holdings Inc., a Marshall Islands corporation
(“Navios Holdings”), and Navios Maritime Partners L.P. (“Navios Partners”) in connection with the Company’s public
offering in the United States. Capitalized terms used herein and not
defined shall have the meanings ascribed to such terms in the
Agreement.

     

    WHEREAS, Anemos Maritime Holdings
Inc., a wholly-owned subsidiary of Navios Holdings and a corporation organized
under the laws of the Republic of the Marshall Islands, and Navios Partners are
currently parties to that certain Share Purchase Agreement, dated as of November
16, 2007 (the “Share Purchase Agreement”);

     

    WHEREAS, Navios Partners, Navios
Holdings, Navios GP L.L.C., a Marshall Islands limited liability company, and
Navios Maritime Operating L.L.C., a Marshall Islands limited liability company
(together, the “Navios Entities”), are currently parties to that certain Omnibus
Agreement, dated as of November 16, 2007 (the “Omnibus Agreement”);
and

     

    WHEREAS,
the respective parties thereto desire to amend the Share Purchase Agreement, as
set forth in that certain Amendment to Share Purchase Agreement, dated of even
date herewith, and the Omnibus Agreement, as set forth in that certain Amendment
to Omnibus Agreement, dated of even date herewith, and Navios Holdings desires
that Navios Partners waive certain rights of first refusal granted under Section
1(c) of the Agreement as set forth herein, in consideration for execution of
such amendments and the issuance by Navios Partners to Navios Holdings of
1,000,000 Subordinated Series A Units of Navios Partners pursuant to that
certain Subscription Agreement, dated June 9, 2009, attached hereto as Exhibit
A.

     

    NOW,
THEREFORE, in consideration for the mutual covenants contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the undersigned hereby agrees as follows:

    

    The
undersigned hereby waives any and all of its rights of first refusal with
respect to an acquisition opportunity relating to any Panamax or Capesize dry
bulk carrier under charter for three or more years as set forth under Section
1(c) of the Agreement for the period commencing on the date hereof and
terminating on the earliest of (a) the consummation by the Company of a Business
Combination in the circumstances and in the manner described in the Registration
Statement, (b) the Company’s liquidation in the circumstances and in the manner
described in the Registration Statement, and (c) June 29, 2011.

     

    
      
        
          	 	NAVIOS
      MARITIME PARTNERS L.P.	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Michael McClure	 
	 	Name:  	Michael
      McClure	 
	 	Title:  	Chief
      Financial OfficerUnassociated Document

    Exhibit
10.1

    

    DEBENTURE
MODIFICATION

    AND
THIRD EXTENSION AGREEMENT

    

    

    THIS
AGREEMENT is by and between Enable Holdings, Inc. (hereinafter referred to as
“Company”), and ________ (hereinafter referred to as the “Holder”), and shall
have an effective date as of the date it is fully executed by all of the parties
hereto.

    

    WITNESSETH:

    

    WHEREAS,
Company previously executed a Debenture in an original principal amount of
_____________ originally dated October 31, 2008 as extended on January 15, 2009
and April 14, 2009, copies of which are attached hereto as Exhibit A.
(hereinafter referred to as the “Debenture”); and

    

    WHEREAS,
the Debenture was a part of a bridge loan financing between the Company, the
Holder and several other lenders with an aggregate principal balance currently
totaling Two Million Four Hundred Fifty Thousand ($2,450,000) (the “Bridge Loan
Financing”); and

    

    WHEREAS,
the Company has commenced raising money for a Senior Convertible Debenture (the
“Convertible Debenture”) of up to Seven Million Five Hundred Thousand Dollars
($7,500,000) of which an amount of approximately One Million Three Hundred
Thousand Dollars ($1,300,000) has been raised; and

    

    WHEREAS,
the Holder herein agrees that the Debenture shall in all respects be treated
pari passu with the holders of the Convertible Debenture; and

    

    WHEREAS,
the Company desires, and the Holder agrees, to extend the term of payment for
this Debenture for an additional thirty (30) days past its extended maturity,
along with the majority of the other Bridge Loan Financing debentures;
and

    

    WHEREAS,
other than what has been agreed upon in the Debenture Modification and Extension
Agreement, the Debenture Modification and Second Extension Agreement and this
Debenture Modification and Third Extension Agreement, the Company has complied
with all material terms of the Debenture up to the date of this extension;
and

    

    WHEREAS,
Company and Holder wish to modify the Debenture in accordance with the terms and
conditions contained herein.

    

    NOW,
THEREFORE, in consideration of the foregoing premises and the terms and
conditions, provisions and covenants contained herein, Company and Holder do
hereby agree as follows:

    

    
      	
               
      

            	
              1.

            	
              Interest
      Payments as set forth in Section 2 shall continue to be paid
      monthly.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              2.

            	
              The
      Holder agrees that all the rights, stipulations and conditions contained
      in the Debenture, and any and all mortgages securing repayment thereof
      shall be deemed pari passu with the rights, stipulations and conditions
      contained in the Convertible
Debenture.

            

    

    

    
      	
               
      

            	
              3.

            	
              The
      Maturity Date shall be extended until August 13,
  2009.

            

    

    

    
      	
               
      

            	
              4.

            	
              All
      the rights, remedies, stipulations and conditions contained in the
      Debenture, and any and all mortgages securing repayment thereof, shall
      also apply to any default in or failure to pay the modified payments
      required hereunder.

            

    

    

    
      	
               
      

            	
              5.

            	
              Company
      shall make and execute any and all other documents as may be necessary or
      required to effectuate the terms and conditions of this
      Agreement.

            

    

    

    
      	
               
      

            	
              6.

            	
              Save
      and except for the modifications contained herein, the terms, conditions
      and provisions of the Debenture, and any and all mortgages securing
      repayment thereof, shall continue in full force and
  effect.

            

    

    

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the ___ day
of July, 2009.

    

    

    

    
      
        
          
            	
                    ENABLE
      HOLDINGS, INC.

                  	 	 
      
	 
      	 	 
      
	 
      	 	 
      
	 
      	 	 
      
	
                     

                  	 	
                     

                  
	
                    By:

                  	 	 
      
	
                    Its:

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