Document:

Consulting Agreement

 Exhibit 10.1 
  
 CONSULTING AGREEMENT 
  
 THIS CONSULTING AGREEMENT (the “Agreement”) is made and entered into as of the 1st day of June, 2005, by and between David V. Singer
(“Executive”) and Coca-Cola Bottling Co. Consolidated, a Delaware corporation (“CCBCC”). 
  
 STATEMENT OF PURPOSE 
  
 Executive served as Executive Vice President and Chief Financial Officer of CCBCC for a number of years. Executive resigned from his employment with CCBCC effective May 11, 2005. CCBCC desires to continue to have the
benefit of Executive’s knowledge and advice in order to ensure an orderly transition of Executive’s responsibilities. In addition, Executive has acquired extensive knowledge of CCBCC’s business methods, customers and employees and,
for the additional consideration described herein, the parties desire to restrict the activities of Executive following his resignation as set forth herein in an effort to protect CCBCC’s legitimate business interests. The parties’
respective obligations hereunder are effective as of May 11, 2005 (the “Effective Date”) 
  
 NOW, THEREFORE, in consideration of the foregoing Statement of Purpose and the mutual covenants herein contained, CCBCC and Executive agree as follows:

  
 1. Consulting Services. During the 24-month period
following the Effective Date, Executive shall provide CCBCC with such consulting services as CCBCC may from time to time reasonably request in order to ensure the orderly transition of Executive’s responsibilities to his successor. In providing
services hereunder, the parties acknowledge and agree that (a) Executive shall be available upon reasonable notice and at reasonable times for periodic telephone consultations (provided that CCBCC acknowledges that Executive’s duties and
responsibilities hereunder shall not interfere with Executive’s full-time employment with his successor employer) and (b) Executive shall not be an employee of CCBCC but shall act in the capacity of independent contractor. 
  
 2. Consideration. In consideration of Executive’s covenants and
agreements contained herein, CCBCC agrees that all references in Section 5.1(b) of the Officer Retention Plan of CCBCC (the “ORP”) with respect to the Executive and his benefits to “50 percent of the Participant’s ORP Accrued
Retirement Benefit” shall be deemed to be references to “100 percent of the Participant’s ORP Accrued Retirement Benefit.” Executive agrees that he will receive his benefits as contemplated by and provided for in the ORP in 240
equal monthly installments. 
  
 3. Noncompetition and Related
Matters. 
  
 (a) Protection of CCBCC’s Business
Interests. Executive agrees that for five years following the Effective Date, he will not (i) directly or indirectly, engage in the same or a similar line of business as currently engaged in by CCBCC or any of its affiliates in any territory in
which CCBCC or any of its affiliates is currently doing business, (ii) directly or indirectly, either for his own account or for the account of any other person or entity, (A) hire any employee of CCBCC or any of its affiliates or (B) solicit or
attempt to persuade any employee of CCBCC or any of its affiliates to terminate or alter his or her relationship with CCBCC or any of its affiliates to any of their detriment or (iii) persuade, encourage or cause, directly or indirectly, any 

 
supplier or customer of CCBCC or any of its affiliates, including but not limited to any supplier or customer with whom Executive had material contacts in
the course of his employment with CCBCC, to terminate its relationship with CCBCC or any of its affiliates or divert any business from CCBCC or any of its affiliates. 
  
 (b) Reasonable and Necessary Restrictions. Executive acknowledges that the restrictions, prohibitions and other
provisions of this Section 3 are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of CCBCC, and are a material inducement to CCBCC to enter into this Agreement. Executive
covenants that Executive will not challenge the enforceability of this Section 3 nor will Executive raise any equitable defense to its enforcement. 
  
 (c) Remedies. 
  
 (i) If Executive breaches any of his obligations under Section 1 or 3 hereof, Executive will (A) forfeit all future rights to the additional benefits
under the ORP provided to him pursuant to the first sentence of Section 2 (the “Additional Benefits”) and (B) within 30 days of CCBCC’s written request, reimburse CCBCC for all such Additional Benefits previously paid to him.

  
 (ii) Executive and CCBCC acknowledge that Section 7.2 of the
ORP contains certain provisions relating to forfeiture and other remedies if Executive were to engage in certain competitive or other activities in the future. Such provisions are substantially similar to and have the same purpose and intent as
clause (a) above. Executive and CCBCC agree that (A) such Section 7.2 and the other provisions of the ORP shall govern and apply to all benefits that Executive is currently entitled to under the ORP other than the Additional Benefits provided
pursuant to Section 2 above (the “Current Benefits”), (B) the parties’ covenants and agreements contained herein will have no bearing on the Current Benefits and (C) CCBCC’s remedies under Section 7.2 of the ORP are ratified,
confirmed and in full force and effect with respect to the Current Benefits should Executive engage in any activities described in Section 7.2 of the ORP. 
  
 (d) Operations of Affiliates. Executive agrees that he will refrain from (i) authorizing any affiliate to perform or (ii) assisting in any manner
any affiliate in performing any activities that would be prohibited by the terms of this Section 3 if they were performed by Executive. 
  
 4. Miscellaneous. 
  
 (a) Employee Benefit Plans of CCBCC. Executive shall be entitled to all of the rights and benefits afforded to him pursuant to the terms of the
employee benefit plans of CCBCC in which Executive participates as in effect as of the Effective Date. Except as expressly contemplated herein, this Agreement shall neither reduce nor enlarge Executive’s rights under the terms of such plans and
shall not change the terms of such plans or the benefits earned by or due to him thereunder. 
  
 (b) Disclosure. Executive acknowledges and agrees that (i) CCBCC intends to file a copy of this Agreement as an exhibit to its filings with the Securities and Exchange Commission and (ii) he has disclosed the
terms and existence of this Agreement to his successor employer. 

 (c) Entire Agreement. This Agreement contains the entire agreement between CCBCC and Executive
with respect to the subject matter hereof, and no amendment, modification or cancellation hereof shall be effective unless the same is in writing and executed by the parties hereto (or by their respective duly authorized representatives).

  
 (d) Applicable Law. This Agreement shall be enforced,
interpreted and construed under the laws of the State of North Carolina, notwithstanding any conflict of laws doctrines of such state or any other jurisdiction to the contrary. 
  
 (e) Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto, and their
respective heirs, executors, administrators, legal representatives, successors and assigns, if any. 
  
 (f) Captions. The captions and headings set forth in this Agreement are for convenience of reference only and shall not be construed as a part of
this Agreement. 
  
 (g) Multiple Originals. This Agreement
is executed in multiple originals, each of which shall be deemed an original hereof. 
  
 *    *    * 

 IN WITNESS WHEREOF, Executive has hereunto set his hand and seal, and CCBCC has caused this Agreement to
be executed by its duly authorized representative, all as of the day and year first above written. 
  

			
	 /s/ David V. Singer

	DAVID V. SINGER
	
	COCA-COLA BOTTLING CO. CONSOLIDATED
		
	By:	 	 /s/ Henry W. Flint

	Name:	 	Henry W. Flint
	Title:	 	Executive Vice PresidentShareholders of Navios Maritime Holdings, Inc

 EXHIBIT 10.1 
  
 International Shipping Enterprises, Inc. 
 1225 Franklin Avenue, Suite 325 
 Garden City, NY 11530 
  
 May 27, 2005 
  
 Shareholders of Navios Maritime Holdings Inc. 
 20 Marshall Street 
 South Norwalk, CT 06854 
  
 Ladies and Gentlemen: 
  
 Reference is hereby made to the Stock Purchase Agreement dated February 28, 2005 (“SPA”) among Navios Maritime
Holdings, Inc. (“Navios”), the Shareholders of Navios, the Shareholders Agent, and International Shipping Enterprises, Inc. (“ISE”). Capitalized terms used herein but not otherwise defined herein shall have such meanings as
defined in the SPA. We have agreed to amend and modify the SPA as follows: 
  
 1. Notwithstanding anything to the contrary in the SPA, including the provisions of Sections 2.4 and 9, the language of Section 10.1(b) shall be deleted in its entirety and replaced with the following: “by either
the Shareholders or the Buyer if the Closing shall not have occurred on or before July 15, 2005.” 
  
 2. The Shareholders and Shareholders Agent acknowledge and agree that no Deposit Adjustment need be paid by Buyer. 
  
 3. Except as modified hereby the SPA remains in full force and effect.

  
 [SIGNATURE PAGES TO FOLLOW] 

 Please confirm your agreement to the foregoing by signing the enclosed duplicate of this letter.

  

			
	BUYER:
	
	INTERNATIONAL SHIPPING ENTERPRISES, INC.
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

							
	INDIVIDUAL SHAREHOLDERS:	 	CORPORATE SHAREHOLDERS:
			
	 	 	 	 	GALI SHIPPING INC.
				
	By:	 	 /s/ Anthony R. Whitworth

	 	By:	 	  

	 	 	Anthony R. Whitworth	 	Name:	 	 
	 	 	 	 	Title:	 	 
			
	 	 	 	 	PARK VIEW BUSINESS INC.
				
	By:	 	 /s/ Bruce C. Hoag

	 	By:	 	  

	 	 	Bruce C. Hoag	 	Name:	 	 
	 	 	 	 	Title:	 	 
			
	 	 	 	 	ARAMA ASSETS LIMITED
				
	By:	 	 /s/ Robert G. Shaw

	 	By:	 	  

	 	 	Robert G. Shaw	 	Name:	 	 
	 	 	 	 	Title:	 	 
				
	By:	 	 /s/ Ted C. Petrone

	 	 	 	 
	 	 	Ted C. Petrone	 	 	 	 
				
	By:	 	 /s/ Michael E. McClure

	 	 	 	 
	 	 	Michael E. McClure	 	 	 	 

							
	 	 	 	 	HAZELMERE MARITIME INC.
				
	By:	 	 /s/ Shunji Sasada

	 	By:	 	  

	 	 	Shunji Sasada	 	Name:	 	 
	 	 	 	 	Title:	 	 
			
	 	 	 	 	SALTCHUK RESOURCES, INC.
				
	By:	 	 /s/ Pablo Soler

	 	By:	 	  

	 	 	Pablo Soler	 	Name:	 	 
	 	 	 	 	Title:	 	 
				
	By:	 	 /s/ Gabriel Soler

	 	 	 	 
	 	 	Gabriel Soler

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