Document:

Exhibit 4.69

  

   

  

   

  

  
    AMENDMENT TO

      CONVERTIBLE PROMISSORY NOTE

    This AMENDMENT (this

        “Amendment”) to the Convertible Promissory Note, dated as of September 27, 2017 (the “Note”), by and between Seanergy Maritime Holdings Corp. a corporation organized under the laws of the Republic of the Marshall Islands (the “Maker”) and Jelco Delta Holding Corp., or its respective registered assigns (the “Holder”), is
        made on February 13, 2019.

    Capitalized terms used but not defined herein shall have the meaning assigned in the Note.

    WHEREAS,
        following the Holder’s prior consent, all Championship Finance Documents, except from the Guarantee, as these terms are defined in the Note, have been released and reassigned to Champion Ocean Navigation Co. Limited and the m.v. Championship was
        sold to its new owner on November 7, 2018;

    WHEREAS, the
        parties wish to amend the Note as hereinafter set forth in order to, inter alia, amend the repayment schedule and the prepayment and notices
        sections of the Note (the “New Note Amendments”);

    WHEREAS, by a
        supplemental agreement to the Partnership Loan Agreement of even date herewith the Holder, as lender, has consented to all the securities over the m.v. Partnership and the relevant Owner Guarantee (as defined in the Partnership Loan Agreement) be
        re-executed and recorded with the necessary amendments (the “Partnership Loan Agreement Amendments”); and

    WHEREAS, in view
        of New Note Amendments and the Partnership Loan Agreement Amendments the parties wish to amend the Note accordingly, as hereinafter set forth.

    NOW, THEREFORE,
        in consideration of the premises and the mutual agreements herein contained, the parties hereto hereby agree as follows:

    
      
        	(A)	
                In Section 1 of the Promissory Note the following definitions are deleted: 1.1 “Champion”, 1.2 “Champion General Assignment”, 1.4 “Championship Finance
                    Documents”, 1.5 “Championship Mortgage”, 1.17 “Partnership Second Mortgage”.

              

      

    

    
      
        	(B)	
                In Section 1 the definitions of “Maturity Date”, “Owner Guarantee”, “Partnership Second Mortgage” and “Ship” are hereby deleted, and new definitions are
                    inserted in the correct alphabetical order:

              

      

    

    “1.11 “Maturity Date” means
        31 December 2022.”

    
      
        

    

    

    

    “1.12 “Owner Guarantee” shall
        mean an irrevocable and unconditional guarantee of the obligations of the Maker, as borrower, executed or to be executed by Partner in favor of the Holder”

    “1.17 “Partnership Second Mortgage”
        shall mean a certain second priority mortgage granted to or to be granted by Partner, as owner, in favor of the Holder, as mortgagee, over the Partnership,”

    “1.20 “Ship” means m.v.
        Partnership”

    2. Following the
        insertion of certain definitions in Section 1 of the Promissory Note, the definitions of Championship, Drawdown Date, Emperor, Guarantee,
        Holder, Material Adverse Effect, Maturity Date, Owner Guarantee, Partner, Partnership, Partnership
            Finance Documents, Partnership Loan Agreement, Partnership
            Second Mortgage, Related Agreement, Related Finance
            Documents, Ship, Total Loss and Total Loss Date are hereby renumbered to “1.1 Championship”, “1.2 Drawdown Date”,
        “1.3 Emperor”, “1.4 Guarantee”, “1.5 Holder”, “1.6 Material Adverse Effect”, “1.7 Maturity Date”, “1.8 Owner Guarantee”, “1.9 Partner”, “1.10 Partnership”, “1.11 Partnership Finance Documents”, “1.12 Partnership Loan Agreement”, “1.13 Partnership Second Mortgage”, “1.14 Related Agreement”, “1.15 Related Finance Documents”, “1.16 Ship”, “1.17 Total Loss” and “1.18 Total Loss Date”.

    
      
        	(C)	
                Section 5 of the Note is deleted in its entirety and replaced with the following:

              

      

    

    “5. Repayment. The aggregate of all the
        outstanding principal amount and all accrued and unpaid interest under this Note shall be repaid by the Maker in one bullet payment on the Maturity Date whereupon the Note shall be cancelled.”

    
      
        	(D)	
                Section 6 of the Note is deleted in its entirety and replaced with the following:

              

      

    

    “6. Voluntary Prepayment. The Maker may,
        by giving a five (5) business days prior written notice to the Holder, at any time thereafter prepay the whole or any part of this Note in cash or, subject to the Holder’s prior written agreement on price per share, in a number of fully paid and
        nonassessable shares of the Maker Common Stock equal to the amount of the Note being prepaid divided by the agreed price per share.”

    
      
        	(E)	
                Section 9 of the Note is deleted in its entirety and replaced with the following:

              

      

    

    “9. Mortgages and Other Collateral. This
        Note is secured by, inter alia, (i) the Partnership Mortgage and (ii) the Partnership Finance Documents.”

    
      
        	(F)	
                Section 10.1 of the Note is deleted in its entirety and replaced with the following:

              

      

    

    “10.1 Conversion. The Holder may by notice
        in writing to the Maker elect at any time (including without limitation after receipt of a notice under Section 6) to convert the whole or any part of the then outstanding principal amount of this Note into a number of fully paid and nonassessable
        shares of the Maker Common

    
      
        

    

    

    

    Stock (the “Conversion

            Shares”) equal to the amount of the principal amount being converted divided by a conversion price equal to $0.90 per share, as such conversion price may be adjusted pursuant to the terms hereof or by any other conversion price to be
        agreed in writing between the Maker and the Holder (the “Conversion Price”).”

    
      
        	(G)	
                In Section 16 of the Note, the Maker’s address is deleted in its entirety and replaced with the following:

              

      

    

    “Seanergy Maritime Holdings Corp.

        154 Vouliagmenis Avenue

        16674 Glyfada, Athens, Greece

        Facsimile: +30 210 9638404

        Attention: Chief Executive Officer”

    
      
        	(H)	
                From the date of the sale of the m.v. Championship, the Note is secured only by the Partnership Finance Documents and the Guarantee, as these terms are
                    defined in the Note.

              

      

    

    
      
        	(I)	
                Confirmation of Agreement.  Except as expressly set forth herein,
                    the Note is ratified and confirmed in all respects and shall remain in full force and effect in accordance with its terms, and each reference in the Note to “this Note” shall mean the Note as amended by this Amendment.

              

      

    

    
      
        	(J)	
                Counterparts; Effectiveness.  This Amendment may be executed in any
                    number of counterparts (including by facsimile) and by different parties hereto in separate counterparts, with the same effect as if all parties had signed the same document.  All such counterparts shall be deemed an original, shall be
                    construed together and shall constitute one and the same instrument.  This Amendment shall become effective when each party hereto shall have received counterparts hereof signed by all of the other parties hereto.

              

      

    

    
      
        	(K)	
                Governing Law.  The laws of the State of New York shall govern the
                    enforceability and validity of this Agreement, the construction of its terms and the interpretation of the rights and duties of the parties, without regard to the principles of conflicts of laws thereof.

              

      

    

    [Signature page follows]

    
      
        

    

    THIS AMENDMENT has been entered into on the date stated above.

    THE MAKER:

    SEANERGY MARITIME HOLDINGS CORP.

    

    

    	 	
            By:

          	
            /s/ Stamatios Tsantanis

          	 
	 	 	
            Name: Stamatios Tsantanis

          	 
	 	 	
            Title: Chief Executive Officer

          	 

    

    

    

    

    THE HOLDER:

    JELCO DELTA HOLDING CORP.

    

    

    	 	
            By:

          	
            /s/ Alastair B. Macdonald

          	 
	 	 	
            Name: Alastair B. Macdonald

          	 
	 	 	
            Title: Director

          	 

    

    

    
      
        

    

    Acknowledged and agreed by

     

      

    EMPEROR HOLDING LTD.
      As gurantor

      

    

    

    

    	 	
            By:

          	
            /s/ Stamatios Tsantanis

          	 
	 	 	
            Name: Stamatios Tsantanis

          	 
	 	 	
            Title: DirectorExhibit 4.73

  

   

  

   

  

  
    SUPPLEMENTAL LETTER

    

    

    

    

    	
            To:

          	
            SEANERGY MARITIME HOLDINGS CORP.

            as Borrower

            of Trust Company Complex, Ajeltake Road

            Ajeltake Island, Majuro

            MH96960, the Marshall Islands

          
	 	 
	
            From:

          	
            JELCO DELTA HOLDING CORP.

            as Lender

            Jardine House, 4th Floor,

            33-35 Reid Street

            P.O. Box HM 1431

            Hamilton HM FX, Bermuda

          

    

    

    31 January 2019

    Dear Sirs,

    Facility Agreement originally entered into on 10 April 2018 and amended and restated on 13 June 2018 and as amended and
        supplemented by a supplemental letter dated 11 August 2018, and made between (i) Seanergy Maritime Holdings Corp., as borrower (the "Borrower") and (ii) Jelco Delta Holding Corp., as lender (the "Lender") in respect of a loan facility of
        US$2,000,000 (the “Facility Agreement”)

    

    

    We refer to the Facility Agreement. Defined expressions in the Facility Agreement shall have the same meanings when used
        in this Supplemental Letter and for the purposes of this Supplemental Letter. This Supplemental Letter sets out the terms and conditions on which the Lender agrees, at the request of the Borrower, to amend a certain provision of the Facility
        Agreement as described in Clause 1.1 below.

    
      	
              1.1

            	
              We hereby confirm our approval, consent and acceptance of the following with effect as of 31 January 2019:

            

    

    
      	
              a)

            	
              To delete the definition of “Final Repayment Date” in Clause 1.2 (Definitions) of the Facility Agreement in its entirety and
                  replacing it with the following:

            

    

    “"Final

          Repayment Date" means 1 April 2019;” and

    
      	
              b)

            	
              To construe throughout all references in the Facility Agreement to “this Agreement” and all references in the
                  Finance Documents (other than the Facility Agreement) to the “Loan Agreement” as references to the Facility Agreement as amended and supplemented by this Supplemental Letter.

            

    

    
      	
              2

            	
              Governing law

            

    

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

    
      	
              3

            	
              Process Agent

            

    

    The Borrower, hereby, irrevocably appoints Messrs. E.J.C Album Solicitors, presently of Landmark
        House, 190 Willifield Way, London, NW11 6YA, England (Attention of Mr. Edward Album Tel +44 (0) 20 8455 7653, Fax +44 (0) 20 8457 5558, e-mail: ejca@mitgr.com), to
        act as its agent to receive and accept on its behalf any process or other document relating to any proceedings in the English Courts which are connected with this Supplemental Letter.

    
      
        

    

    Please confirm your agreement by signing the acknowledgement below.

    Yours faithfully

     

    

    /s/ Evan Breibart

    ______________________________

    Evan Breibart

    31 January 2019

    for and on behalf of

    Jelco Delta Holding Corp.

    as Lender

    

    

    

    

    

    

    We hereby acknowledge receipt of the above Supplemental Letter and confirm our agreement to the terms hereof.

    

    

    /s/ Stamatios Tsantanis

    ______________________________

    Stamatios Tsantanis

    31 January 2019

    for and on behalf of

    Seanergy Maritime Holdings Corp.

    as Borrower

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