Document:

EX-4.2

 EXHIBIT 4.2 

AMENDMENT NO. 2 TO THE ADMINISTRATIVE SERVICES AGREEMENT 

This AMENDMENT NO. 2 TO THE ADMINISTRATIVE SERVICES AGREEMENT (this “Amendment”), dated as of November 14, 2017, is made
by and between Navios Maritime Partners L.P., a Marshall Islands limited partnership (“NMLP”) and Navios ShipManagement Inc., a Marshall Islands corporation (“NSM”, and together with NMLP, the
“Parties”) and amends the Administrative Services Agreement (the “Management Agreement”) entered into among the Parties on November 16, 2007 and the Amendment to the Administrative Services Agreement as entered
into on October 21, 2011 (together, with the Management Agreement, the “Agreement”). Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given them in the Agreement. 

W I T N E S S E T H: 

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 10 the Agreement shall be amended and restated as follows: 

“Term And Termination. This Agreement shall have a term until December 31, 2022 unless terminated by either
party hereto on not less than one hundred and twenty (120) days notice if: 
 (a) in the case of NMLP, there is a
Change of Control of NSM; 
 (b) in the case of NSM, there is a Change of Control of NGP or NMLP; 

(c) the other party breaches this Agreement; 

(d) a receiver is appointed for all or substantially all of the property of the other party; 

(e) an order is made to wind-up the other party; 

(f) a final judgment, order or decree which materially and adversely affects the ability of the other party to perform this
Agreement shall have been obtained or entered against that party and such judgment, order or decree shall not have been vacated, discharged or stayed; or 

(g) the other party makes a general assignment for the benefit of its creditors, files a petition in bankruptcy or for
liquidation, is adjudged insolvent or bankrupt, commences any proceeding for a reorganization or arrangement of debts, dissolution or liquidation under any law or statute or of any jurisdiction applicable thereto or if any such proceeding shall be
commenced. 
 At any time after the first anniversary of this Agreement, this Agreement may be terminated by either party hereto on not less
than three hundred and sixty-five (365) days notice for any reason other than any of the reasons set forth in the immediately preceding paragraph. 

 2.     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. 
 3.     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. 
 4.     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.] 

  
 2 

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

			
	NAVIOS MARITIME PARTNERS L.P.
	
	         /s/ Efstratios Desypris

	By:	 	Efstratios Desypris
	Title:	 	Chief Financial Officer
	
	NAVIOS SHIPMANAGEMENT INC.
	
	         /s/ George Achniotis

	By:	 	George Achniotis
	Title:	 	President/Director

 [Signature Page – Amendment No. 2 to Administrative Services Agreement]Exhibit 10.1

 

AMENDMENT NO. 1 TO CONVERTIBLE PROMISSORY
NOTES

 

This Amendment No. 1
to Convertible Promissory Notes (this “Agreement”)
is made as of January 29, 2018, by and among Bionik Laboratories Corp., a
Delaware corporation (the “Company”), and the subscriber(s) identified on the signature pages hereto
(each, a “Subscriber” and collectively, the “Subscribers”).

 

WHEREAS, the Company
and each Subscriber is a party to one of a series of a certain Subscription Agreement (the “Subscription Agreement”)
concerning the sale of up to US$14,000,000 in Convertible Promissory Notes (the “Notes”) from the Company;

 

WHEREAS, the Subscribers
have purchased Notes from the Company pursuant to the Subscription Agreement;

 

WHEREAS, Section
6.6 of the Notes, among other things, provides that the Notes may be amended with the written consent of the Company and the holders
of a majority in original aggregate principal amount of the Notes (a “Majority in Interest”);

 

WHEREAS, the Company
and a Majority in Interest of the Subscribers desire to amend certain provisions of the Notes to reflect an extension of the Maturity
Date (as defined in the Notes”), as set forth below.

 

NOW THEREFORE, the
Company and each Subscriber agree that the Original Agreement shall be revised as follows:

 

1.     The
definition of “Maturity Date” in each of the Notes shall be amended and replaced to read as follows:

 

“Maturity Date”
shall mean the earlier of: (a) March 31, 2018 and (b) the consummation of a Qualified Financing.”

 

2.     To
the extent that the Notes and/or the Subscription Agreement make any reference(s) to January 31, 2018, such reference(s) in the
Notes are hereby amended to read March 31, 2018.

 

Except as expressly reflected
herein, the Notes will remain in full force and effect. This Agreement is intended to be attached to and made a permanent part
of the Notes.

 

[Remainder of Page Intentionally Left Blank;
Signature Page Follows In Counterparts]

 

     

     

    

 

	Company:	 	BIONIK LABORATORIES CORP.
	 	 	 	 
	 	 	By:	/s/
    Eric Dusseux       
	 	 	Name:	
    Eric Dusseux
	 	 	Title:	CEO
	 	 	 	 
	Subscriber:	 	 
	 	 	 	 
	 	 	By:	/s/ 
	 	 	Name:	 
	 	 	Title:	 

 

    	 	2Exhibit 10.2

 

BIONIK LABORATORIES CORP.

 

PROMISSORY NOTE

 

	Principal Amount: US$500,000.00	Issue Date: February 2, 2018

 

Bionik
Laboratories Corp., a Delaware corporation (the “Company”), for value received, hereby promises
to pay to RGD Investissements S.A.S. or its permitted assigns or successors (the “Holder”), the principal
amount of Five Hundred Thousand Dollars (US$500,000.00) (the “Principal Amount”), without demand, on
the Maturity Date (as hereinafter defined), together with any accrued and unpaid interest due thereon. This Note shall bear interest
at a fixed rate of 1.5% per month, beginning on the Issue Date. Interest shall be computed based on a 360-day year of twelve 30-day
months and shall be payable, along with the Principal Amount, on the Maturity Date. Payment of all principal and interest due shall
be in such coin or currency of the United States of America as shall be legal tender for the payment of public and private debts
at the time of payment.

 

		1.	Definitions.

 

1.1       Definitions.
The terms defined in this Section 1 whenever used in this Note shall have the respective meanings hereinafter specified.

 

“Event of Default”
shall have the meaning set forth in Section 4.1.

 

“Holder”
or “Holders” means the Person named above or any Person who shall thereafter become a recordholder of
this Note in accordance with the terms hereof.

 

“Issue Date”
means the issue date stated above.

 

“Maturity Date”
shall mean the earlier of (i) March 31, 2018 and (ii) the date of receipt of an aggregate of $7,000,000 in loan proceeds to the
Company from the sale of a convertible promissory note to a new investor to be agreed to by the Company and the Holder.

 

“Note”
means this Note, as amended, modified or restated.

 

“Person”
means an individual, corporation, partnership, limited liability company, association, trust, joint venture, unincorporated organization
or any government, governmental department or agency or political subdivision thereof.

 

		2.	GENERAL PROVISIONS.

 

2.1       Loss,
Theft, Destruction of Note. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or
mutilation of this Note and, in the case of any such loss, theft or destruction, upon receipt of indemnity or security reasonably
satisfactory to the Company, or, in the case of any such mutilation, upon surrender and cancellation of this Note, the Company
will make and deliver, in lieu of such lost, stolen, destroyed or mutilated Note, a new Note of like tenor and unpaid principal
amount dated as of the date hereof. This Note shall be held and owned upon the express condition that the provisions of this Section
2.1 are exclusive with respect to the replacement of a mutilated, destroyed, lost or stolen Note and shall preclude any and
all other rights and remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to
the replacement of negotiable instruments or other securities without their surrender.

 

    	 	1	 

     

    

 

2.2       Prepayment.
This Note may be prepaid by the Company in whole or in part.

 

		3.	STATUS; RESTRICTIONS ON TRANSFER.

 

3.1       Status
of Note. This Note is a direct, general and unconditional obligation of the Company, and constitutes a valid and legally
binding obligation of the Company, enforceable in accordance with its terms subject, as to enforcement, to bankruptcy, insolvency,
reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general
principles of equity. This Note does not confer upon the Holder any right to vote or to consent or to receive notice as a stockholder
of the Company, as such, in respect of any matters whatsoever, or any other rights or liabilities as a stockholder.

 

3.2       COVENANTS.
In addition to the other covenants and agreements of the Company set forth in this Note, the Company covenants and agrees that
so long as this Note shall be outstanding, if any one or more events occur which constitute or which, with the giving of notice
or the lapse of time or both, would constitute an Event of Default or if the Holder shall demand payment or take any other action
permitted upon the occurrence of any such Event of Default, the Company will forthwith give notice to the Holder, specifying the
nature and status of the Event of Default or other event or of such demand or action, as the case may be.

 

		4.	REMEDIES.

 

4.1       Events
of Default. “Event of Default” wherever used herein means any one of the following events:

 

(a)       Default
in the due and punctual payment of the principal of, or any other amount owing in respect of (including interest), this Note when
and as the same shall become due and payable;

 

(b)       Default
in the performance or observance of any covenant or agreement of the Company in this Note (other than a covenant or agreement a
default in the performance of which is specifically provided for elsewhere in this Section 4.1), and the continuance of
such default for a period of 10 days after there has been given to the Company by the Holder a written notice specifying such default
and requiring it to be remedied;

 

(c)       The
entry of a decree or order by a court having jurisdiction adjudging the Company as bankrupt or insolvent; or approving as properly
filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under the Federal
Bankruptcy Code or any other applicable federal or state law, or appointing a receiver, liquidator, assignee, trustee or sequestrator
(or other similar official) of the Company or of 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 calendar days;

 

    	 	2	 

     

    

 

(d)       The
institution by the Company of proceedings to be adjudicated as bankrupt or insolvent, or the consent by it to the institution of
bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization
or relief under the Federal Bankruptcy Code or any other applicable federal or state law, or the consent by it to the filing of
any such petition or to the appointment of a receiver, liquidator, assignee, trustee or sequestrator (or other similar official)
of the Company or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors;

 

(e)       The
Company seeks the appointment of a statutory manager or proposes in writing or makes a general assignment or an arrangement or
composition with or for the benefit of its creditors or any group or class thereof or files a petition for suspension of payments
or other relief of debtors or a moratorium or statutory management is agreed or declared in respect of or affecting all or any
material part of the indebtedness of the Company; or

 

(f)       It
becomes unlawful for the Company to perform or comply with its obligations under this Note.

 

4.2       Effects
of Default. If an Event of Default occurs and is continuing, then and in every such case the Holder may declare this
Note to be due and payable immediately, by a notice in writing to the Company, and upon any such declaration, the Company shall
pay to the Holder the outstanding principal amount of this Note plus all accrued and unpaid interest through the date the Note
is paid in full.

 

4.3       Remedies
Not Waived; Exercise of Remedies. No course of dealing between the Company and the Holder or any delay in exercising
any rights hereunder shall operate as a waiver by the Holder. No failure or delay by the Holder in exercising any right, power
or privilege under this Note shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other
or further exercise thereof or the exercise of any other right, power or privilege.

 

		5.	MISCELLANEOUS.

 

5.1       Severability.
If any provision of this Note shall be held to be invalid or unenforceable, in whole or in part, neither the validity nor the enforceability
of the remainder hereof shall in any way be affected.

 

5.2       Notice.
Where this Note provides for notice of any event, such notice shall be given (unless otherwise herein expressly provided) in writing
and either (a) delivered personally, (b) sent by certified, registered or express mail, postage prepaid or (c) sent by facsimile
or other electronic transmission, and shall be deemed given when so delivered personally, sent by facsimile or other electronic
transmission (confirmed in writing) or mailed. Notices shall be addressed, if to Holder, to its address as provided in the books
and records of the Company or, if to the Company, to its principal office.

 

    	 	3	 

     

    

 

5.3       Governing
Law. This Note shall be governed by, and construed in accordance with, the laws of the State of Delaware (without giving
effect to any conflicts or choice of law provisions that would cause the application of the domestic substantive laws of any other
jurisdiction).

 

5.4       Forum.
The Holder and the Company hereby agree that any dispute which may arise out of or in connection with this Note shall be adjudicated
before a court of competent jurisdiction in the State of Delaware and they hereby submit to the exclusive jurisdiction of the courts
of the State of Delaware, as well as to the jurisdiction of all courts to which an appeal may be taken from such courts, with respect
to any action or legal proceeding commenced by either of them and hereby irrevocably waive any objection they now or hereafter
may have respecting the venue of any such action or proceeding brought in such a court or respecting the fact that such court is
an inconvenient forum.

 

5.5       Headings.
The headings of the Articles and Sections of this Note are inserted for convenience only and do not constitute a part of this Note.

 

5.6       Amendments.
This Note may be amended or waived only with the written consent of the Company and the Holder.

 

5.7       No
Recourse Against Others. The obligations of the Company under this Note are solely obligations of the Company and no
officer, employee or stockholder shall be liable for any failure by the Company to pay amounts on this Note when due or perform
any other obligation.

 

5.8       Assignment;
Binding Effect. This Note may be assigned by the Company without the prior written consent of the Holder. This Note
shall be binding upon and inure to the benefit of both parties hereto and their respective permitted successors and assigns.

 

Signature
on the Following Page

 

    	 	4	 

     

    

 

In
Witness Whereof, the Company has caused this Note to be signed by its duly authorized officer on the date hereinabove
written.

 

	 	Bionik Laboratories Corp.
	 	 	 
	 	By:	/s/ Eric Dusseux
	 	Name:	Eric Dusseux
	 	Title:	CEO

 

Signature
Page to Promissory Note

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