Document:

Exhibit 10.1

 

INTERCOMPANY REVOLVING LOAN AGREEMENT

 

This INTERCOMPANY REVOLVING LOAN AGREEMENT
(this “Loan Agreement”) dated as of July 22, 2016, is entered into by and between Apollo Medical Management, Inc. (“Lender”);
and Bay Area Hospitalist Associates, a Medical Corporation, a California professional corporation (“Borrower”).

 

In consideration of the covenants, conditions
and agreements set forth herein, the parties agree as follows:

  

ARTICLE 1

DEFINITIONS

 

1.1 “Advance” shall have the
meaning given in Section 2.1 of this Loan Agreement.

 

1.2 “Business Day” shall mean
any day on which commercial banks are not authorized or required to close in the United States.

 

1.3 “Commitment” shall mean an
amount equal to Two Hundred and Fifty Thousand Dollars ($250,000).

 

1.4 “Default” shall mean any
event or circumstance not yet constituting an Event of Default but which, with the giving of any notice or the lapse of any period
of time or both, would become an Event of Default.

 

1.5 “Event of Default” shall
have the meaning given to that term in Section 5.01 of this Loan Agreement.

 

1.6 “GAAP” shall mean generally
accepted accounting principles and practices as promulgated by the Financial Accounting Standards Board and as in effect in the
United States from time to time, consistently applied. Unless otherwise indicated in this Loan Agreement, all accounting terms
used in this Loan Agreement shall be construed, and all accounting and financial computations hereunder or thereunder shall be
computed, in accordance with GAAP.

 

1.7 “Governmental Authority”
shall mean any domestic or foreign national, state or local government, any political subdivision thereof, any department, agency,
authority or bureau of any of the foregoing, or any other entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government.

 

1.8 “Indebtedness” of any Person
shall mean and include the aggregate amount of, without duplication (a) all obligations of such Person for borrowed money, (b)
all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such
Person to pay the deferred purchase price of property or services (other than accounts payable incurred in the ordinary course
of business determined in accordance with generally accepted accounting principles), (d) all obligations under capital leases of
such Person, (e) all obligations or liabilities of others secured by a lien on any asset of such Person, whether or not such obligation
or liability is assumed, (f) all guaranties of such Person of the obligations of another Person; (g) all obligations created or
arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even if
the rights and remedies of the seller or lender under such agreement upon an event of default are limited to repossession or sale
of such property), (h) net exposure under any interest rate swap, currency swap, forward, cap, floor or other similar contract
that is not entered to in connection with a bona fide hedging operation that provides offsetting benefits to such Person, which
agreements shall be marked to market on a current basis, (i) all reimbursement and other payment obligations, contingent or otherwise,
in respect of letters of credit.

 

1.9 “LIBOR Rate” shall mean the
rate per annum, calculated to the nearest .01%, at which U.S. dollar deposits are offered in the London interbank market for one
month periods as quoted in the “Money Rates” column of The Wall Street Journal on the first Business Day of each calendar
month. All computations of such interest shall be based on a year of 360 days and actual days elapsed. Such LIBOR Rate shall remain
in effect until it is adjusted on the first Business Day of the following calendar month.

 

    	 	1	 

     

    

 

1.10 “Loan Agreement” shall have
the meaning set forth in the opening paragraph of this agreement.

 

1.11 “Loan Documents” shall mean
and include this Loan Agreement and any other documents, instruments and agreements delivered to Lender in connection with this
Loan Agreement.

 

1.12 “Obligations” shall mean
and include all Advances, debts, liabilities, and financial obligations, howsoever arising, owed by Borrower to Lender of every
kind and description (whether or not evidenced by any note or instrument), direct or indirect, absolute or contingent, due or to
become due, now existing or hereafter arising pursuant to the terms of any of the Loan Documents, including, without limitation,
all interest, fees, charges, expenses, reasonable attorneys’ fees (and expenses) and accountants’ fees (and expenses) chargeable
to Borrower or payable by Borrower hereunder or thereunder.

 

1.13 “Person” shall mean and
include an individual, a partnership, a corporation (including a business trust), a joint stock company, a limited liability company,
an unincorporated association, a joint venture or other entity or a Governmental Authority.

 

1.14 “Termination Date” shall
mean the fifth (5th) anniversary of the date of this Loan Agreement.

  

ARTICLE 2

ADVANCES

 

2.1 Terms. Subject to the terms and conditions
of this Loan Agreement, Lender agrees to advance to Borrower from time to time and until the Termination Date, such sums as Borrower
may request (the “Advances”) but which shall not exceed, in the aggregate principal amount at any one time outstanding,
the Commitment. Advances shall be made in lawful currency of the United States of America and shall be made in same day or immediately
available funds. Each Advance shall be in an amount equal to at least $10,000 or any integral multiple of $5,000 in excess thereof
and shall be made within five (5) Business Days after written request. Subject to the terms and conditions hereof, Borrower may
borrow pursuant to this Section 2.1, prepay the Advances without penalty and reborrow pursuant to this Section 2.1.

 

2.2 Payment of Outstanding Amounts. If not
paid earlier, the outstanding principal and interest balance of all Advances shall be due and payable to the Lender on the Termination
Date.

  

2.3 Interest Payments. Interest on the
outstanding principal balance under the Advances shall accrue at the greater of 10% per annum or LIBOR Rate in effect. All computations
of such interest shall be based on a year of 360 days and actual days elapsed for each day on which any principal balance is outstanding
under the terms of the Loan Agreement.

 

2.4 Interest Payments. All accrued and
unpaid interest shall be due on the first Business Day of each month. If not paid earlier, all outstanding accrued interest hereunder
shall be due and payable to the Lender on the Termination Date.

 

2.5 Other Payment Terms.

 

(a) Manner. Borrower shall make all payments
due to Lender hereunder in lawful money of the United States and in same day or immediately available funds.

 

(b) Date. Whenever any payment due hereunder
shall fall due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension
of time shall be included in the computation of interest or fees, as the case may be.

 

    	 	2	 

     

    

 

(c) Default Rate. From and after the occurrence
of an Event of Default and during the continuance thereof, Borrower shall pay interest on all Obligations not paid when due, from
the date due thereof until such amounts are paid in full at a per annum rate equal to the three (3) percentage points in excess
of the rate otherwise applicable to Advances. All computations of such interest shall be based on a year of 360 days and actual
days elapsed.

 

2.6 Loan Account. The Obligations of Borrower
to Lender hereunder shall be evidenced by one or more accounts or records maintained by Lender in the ordinary course of business.
The accounts or records maintained by Lender shall be presumptive evidence of the amount of such Obligations, and the interest
and principal payments thereon. Any failure so to record or any error in so doing shall not, however, limit, increase or otherwise
affect the obligation of Borrower hereunder to pay any amount owning hereunder. Upon Lender’s request, Borrower shall execute or
obtain and deliver all instruments, documents or writings as Lender may, from time to time, request to protect, insure, or enforce
its interest, rights or remedies created by, provided in or as a result of this Loan Agreement or any other instrument or document
executed by Borrower in connection with this Loan Agreement, whether now existing or hereafter arising, including, without limitation,
the execution of a promissory note in favor of Lender (a “Note”); however, the existence of a Note is not required
to evidence Advances under this Loan Agreement and all Advances may be evidenced solely by ledger entry in Lender’s books
and records as contemplated by the first sentence of this Section 2.6, in the sole and absolute discretion of Lender. In addition
to all other sums agreed to be paid to Lender hereunder, and all instruments, documents and writings securing same, Borrower shall
reimburse Lender for all expenses paid or incurred by Lender in any manner related to its Obligations, including without limitation,
fees and expenses (including reasonable attorneys’ fees and expenses) relating to the enforcement and collection thereof.

  

ARTICLE 3

REPRESENTATIONS AND WARRANTIES OF BORROWER

 

To induce Lender to enter into this Loan
Agreement and to make Advances hereunder, Borrower represents and warrants to Lender as follows:

 

3.1 Due Incorporation, etc. Borrower is
a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation.

 

3.2 Authority. The execution, delivery
and performance by Borrower of each Loan Document to be executed by Borrower and the consummation of the transactions contemplated
thereby (i) are within the power of Borrower and (ii) have been duly authorized by all necessary actions on the part of Borrower.

 

3.3 Enforceability. Each Loan Document
executed, or to be executed, by Borrower has been, or will be, duly executed and delivered by Borrower and constitutes, or will
constitute, a legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except
as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’
rights generally and general principles of equity.

  

ARTICLE 4

CONDITIONS TO MAKING ADVANCES

 

Lender’s obligation to make the initial
Advance and each subsequent Advance is subject to the prior satisfaction or waiver of all the conditions set forth in this Article
4.

 

4.1 Principal Loan Documents. Borrower
shall have duly executed and delivered to Lender: (a) this Loan Agreement; and (b) such other documents, instruments and agreements
as Lender may reasonably request.

 

4.2 Representations and Warranties Correct.
The representations and warranties made by Borrower in Article 3 hereof shall be true and correct as of the date on which each
Advance is made and after giving effect to the making of the Advance. The submission by Borrower to Lender of a request for an
Advance shall be deemed to be a certification by the Borrower that as of the date of borrowing, the representations and warranties
made by Borrower in Article 3 hereof are true and correct.

 

    	 	3	 

     

    

 

4.3 No Event of Default or Default. No
Event of Default or Default has occurred or is continuing.

 

4.4 Total Outstanding Advances. The total
aggregate principal amount of outstanding Advances does not exceed the Commitment.

  

ARTICLE 5

EVENTS OF DEFAULT

 

5.1 Events of Default. The occurrence of
any of the following shall constitute an “Event of Default” under this Loan Agreement and any Note evidencing outstanding
indebtedness:

 

(a) Failure to Pay. Borrower shall fail to
pay (i) the principal amount of all outstanding Advances on the Termination Date hereunder; (ii) any interest, Obligation or other
payment required under the terms of this Loan Agreement or any other Loan Document on the date due and such failure shall continue
for five (5) Business Days after Borrower’s receipt of Lender’s written notice thereof to Borrower; or (iii) any Indebtedness (excluding
Obligations) owed by Borrower to Lender on the date due and such failure shall continue for five (5) Business Days after Borrower’s
receipt of Lender’s written notice thereof to Borrower.

 

(b) Breaches of Covenants. Borrower shall
fail to observe or perform any other covenant, obligation, condition or agreement contained in this Loan Agreement or any other
Loan Document and (i) such failure shall continue for ten (10) Business Days, or (ii) if such failure is not curable within such
ten (10) Business Day period, but is reasonably capable of cure within thirty (30) Business Days, either (A) such failure shall
continue for thirty (30) Business Days or (B) Borrower shall not have commenced a cure in a manner reasonably satisfactory to Lender
within the initial ten (10) Business Day period; or

 

(c) Representations and Warranties. Any representation,
warranty, certificate, or other statement (financial or otherwise) made or furnished by or on behalf of Borrower to Lender in writing
in connection with any of the Loan Documents, or as an inducement to Lender to enter into this Loan Agreement, shall be false,
incorrect, incomplete or misleading in any material respect when made or furnished; or

 

(d) Voluntary Bankruptcy or Insolvency Proceedings.
Borrower shall (i) apply for or consent to the appointment of a receiver, trustee, liquidation or custodian of itself or of all
or a substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its debts generally as they mature,
(iii) make a general assignment for the benefit of its or any of its creditors, (iv) be dissolved or liquidated in full or in part,
(v) become insolvent (as such term is defined in 11 U.S.C. ’101 (32), as amended from time to time), (vi) commence a voluntary
case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession
of its property by any official in an involuntary case or other proceeding commenced against it, or (vii) take any action for the
purpose of effecting any of the foregoing; or

 

(e) Involuntary Bankruptcy or Insolvency Proceedings.
Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial part of
the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect
to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced
and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.

 

5.2 Rights of Lender upon Default.

 

(a) Acceleration. Upon the occurrence
or existence of any Event of Default described in Sections 5.1(d) and 5.1(e), automatically and without notice or, at the
option of Lender, upon the occurrence of any other Event of Default, all outstanding Obligations payable by Borrower
hereunder shall become immediately due and payable, without presentment, demand, protest or any other notice of any kind, all
of which are hereby expressly waived, anything contained herein or in the other Loan Documents to the contrary
notwithstanding.

 

    	 	4	 

     

    

 

(b) Cumulative Rights, etc. The rights,
powers and remedies of Lender under this Loan Agreement shall be in addition to all rights, powers and remedies given to
Lender by virtue of any applicable law, rule or regulation of any Governmental Authority, any transaction contemplated
thereby or any other agreement, all of which rights, powers, and remedies shall be cumulative and may be exercised
successively or concurrently without impairing Lender’s rights hereunder.

  

ARTICLE 6

MISCELLANEOUS

 

6.1 Notices. Except as otherwise provided
herein, all notices, requests, demands, consents, instructions or other communications to or upon Lender or Borrower under this
Agreement or the other Loan Documents shall be in writing and mailed, sent by electronic email or facsimile (“fax”),
or delivered personally to each party at the numbers or addresses set forth below (or to such other numbers or addresses for any
party as indicated in any notice given by that party to the other party). All such notices and communications shall be effective
(a) when sent by Federal Express or other overnight service of recognized standing, on the Business Day following the deposit with
such service; (b) when mailed by registered or certified mail, first class postage prepaid and addressed as aforesaid through the
United States Postal Service, upon receipt; (c) when delivered by hand, upon delivery; and (d) when sent by electronic mail or
fax, upon written confirmation of receipt; provided, however, that any notice delivered to Lender under Article 2 shall not be
effective until received by Lender.

 

	LENDER:	Apollo Medical Management, Inc.
	 	700 N. Brand Boulevard, Suite 1400
	 	Glendale, California 91203
	 	Attention: CFO
	 	Email: mshah@apollomed.net
	 	 
	BORROWER:  	Bay Area Hospitalists Associates
	 	700 N. Brand Boulevard, Suite 1400
	 	Glendale, California 91203
	 	
        Attention: CEO

        Email: warrenhoss@apollomed.net

 

6.2 Waivers; Amendments. Any term, covenant,
agreement or condition of this Loan Agreement or any other Loan Document may be amended or waived if such amendment or waiver is
in writing and is signed by Borrower and Lender. No failure or delay by Lender in exercising any right hereunder shall operate
as a waiver thereof or of any other right nor shall any single or partial exercise of any such right preclude any other further
exercise thereof or of any other right. A waiver or consent given hereunder shall be effective only if in writing and in the specific
instance and for the specific purpose for which given.

 

6.3 Successors and Assigns. This Loan Agreement
and the other Loan Documents shall be binding upon and inure to the benefit of Borrower, Lender and their respective successors
and permitted assigns, except that Borrower may not assign or transfer (and any such attempted assignment or transfer shall be
void) any of its rights or obligations under any Loan Document without the prior written consent of Lender.

 

6.4 Set-off. In addition to any rights
and remedies of Lender provided by law, Lender shall have the right, without prior notice to Borrower, any such notice being expressly
waived by Borrower to the extent permitted by applicable law, upon the occurrence and during the continuance of a Default or an
Event of Default, to set-off and apply against any Indebtedness, whether matured or unmatured, of Borrower to Lender (including,
without limitation, the Obligations), any amount owing from Lender to Borrower. The aforesaid right of set-off may be exercised
by Lender against Borrower or against any trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, receiver
or execution, judgment or attachment creditor of Borrower or against anyone else claiming through or against Borrower or such trustee
in bankruptcy, debtor-in- possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor,
notwithstanding the fact that such right of set-off shall not have been exercised by Lender prior to the occurrence of a Default
or an Event of Default. Lender agrees promptly to notify Borrower after any such set-off and application made by Lender, provided
that the failure to give such notice shall not affect the validity of such set-off and application.

 

    	 	5	 

     

    

 

6.5 No Third Party Rights. Nothing expressed
in or to be implied from this Agreement or any other Loan Document is intended to give, or shall be construed to give, any Person,
other than the parties hereto and thereto and their permitted successors and assigns, any benefit or legal or equitable right,
remedy or claim under or by virtue of this Agreement or any other Loan Document.

 

6.6 Partial Invalidity. If at any time
any provision of this Loan Agreement or any of the Loan Documents is or becomes illegal, invalid or unenforceable in any respect
under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions of the Loan Agreement
or such other Loan Documents, nor the legality, validity or enforceability of such provision under the law of any other jurisdiction,
shall in any way be affected or impaired thereby.

 

6.7 Governing Law. This Loan Agreement
and each of the other Loan Documents shall be governed by and construed in accordance with the laws of the State of California
without reference to conflicts of law rules.

 

6.8 Construction. Each of this Loan Agreement
and the other Loan Documents is the result of negotiations among, and has been reviewed by, Borrower, Lender and their respective
counsel. Accordingly, this Loan Agreement and the other Loan Documents shall be deemed to be the product of all parties hereto,
and no ambiguity shall be construed in favor of or against Borrower or Lender.

 

6.9 Entire Agreement. This Loan Agreement
and the other Loan Documents, taken together, constitute and contain the entire agreement of Borrower and Lender with respect to
the subject matter hereby and supersede any and all prior agreements, negotiations, correspondence, understandings and communications
among the parties, whether written or oral, respecting the subject matter hereof.

 

IN WITNESS WHEREOF, the parties have executed
this Loan Agreement as of the date first set forth above.

 

	 	BORROWER:	 
	 	 	 	 
	 	Bay Area Hospitalists Associates, a Medical Corporation	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Warren Hosseinion, M.D.   	 
	 	Name:	Warren Hosseinion, M.D.	 
	 	Title:	Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	LENDER:	 
	 	 	 	 
	 	Apollo Medical Management, Inc.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Mihir Shah  	 
	 	Name:	Mihir Shah	 
	 	Title:	Chief Financial Officer	 

 

    	 	6EX-10.1

 Exhibit 10.1 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS
NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 
 PROMISSORY NOTE 

Principal Amount: Up to $250,000 
 Dated as of November 14, 2016

 Hunter Maritime Acquisition Corp., a Marshall Islands corporation and blank check company (the “Maker”), promises
to pay to the order of Bocimar Hunter NV, a Belgian company with limited liability, or its registered assigns or successors in interest (the “Payee”) or order, the principal sum of up to Two Hundred Fifty Thousand Dollars
($250,000) in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to
such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note. 
 1.
Principal. The entire unpaid principal balance of this Note shall be payable by the Maker on the earlier of: (i) June 30, 2017 or (ii) the date on which Maker consummates an initial public offering of its securities (the
“Maturity Date”). The principal balance may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder of the Maker, be obligated
personally for any obligations or liabilities of the Maker hereunder. 
 2. Interest. Interest on the outstanding principal balance
hereof shall accrue from the date hereof until paid in full at a rate per annum equal to LIBOR plus 0.60% (computed on the basis of the actual number of days elapsed over a year of 365 days), and shall be payable in full at maturity. 

3. Drawdown Requests. Maker and Payee agree that Maker may request from time to time up to Two Hundred Fifty Thousand Dollars
($250,000) for costs reasonably related to Maker’s initial public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: (i) June 30, 2017 or (ii) the date on which Maker consummates
an initial public offering of its securities, upon written request from Maker to Payee (each, a “Drawdown Request”). Payee shall fund each Drawdown Request no later than five (5) business days after receipt of a Drawdown
Request; provided, however, that the maximum amount of drawdowns collectively under this Note is Two Hundred Fifty Thousand Dollars ($250,000). Once an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even
if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of any costs incurred in
the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees, and then to the reduction of the unpaid principal balance of this Note. 

 4. Application of Payments. All payments shall be applied first to payment in full of any
costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this
Note. 
 5. Events of Default. The following shall constitute an event of default (“Event of Default”): 

(a) Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the Maturity Date. 
 (b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable
bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker
or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance
of any of the foregoing. 
 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction
in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any
substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days. 

6. Remedies. 
 (a) Upon the occurrence of
an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall
become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

(b) Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all other
sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee. 

7. Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of
dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or
future laws exempting any property, real or personal, or any part of the proceeds arising from any sale 

 
of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that
any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by Payee. 

8. Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or
enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or
modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional
makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder. 
 9.
Notices. All notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered: (i) personally or sent by first class registered or certified mail, overnight courier service or
facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated in writing by such party or (iii) by electronic
mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the
day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after
mailing if sent by mail. 
 10. Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. 
 11. Severability. Any provision contained in this Note which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 12. Trust Waiver. Notwithstanding
anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the proceeds of the
initial public offering (the “IPO”) to be conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants to be issued in a private placement to occur prior
to the closing of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse,
reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever. 

 13. Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made
with, and only with, the written consent of the Maker and the Payee. 
 14. Assignment. No assignment or transfer of this Note or any
rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void. 

[Signature page follows] 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to
be duly executed by the undersigned as of the day and year first above written. 
  

			
	HUNTER MARITIME ACQUISITION CORP.
		
	By:	 	 /s/ Ludovic Saverys

		 	Name: Ludovic Saverys
		 	Title:   Chief Financial Officer

  

			
	ACKNOWLEDGED AND AGREED	  	
	as of the date first written above:	  	

 BOCIMAR HUNTER NV 

 

					
	By:	 	 /s/ Alexander Saverys

		 	Name:	 	 Alexander Saverys

		 	Title:	 	 Director

 [Signature Page to Promissory Note]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00264-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00264-of-00352.parquet"}]]