NAVIOS MARITIME ACQUISITION CORPORATION
NAVIOS MARITIME ACQUISITION CORPORATION
00 Xxxx Xxxxxxx Xxxxxx
Piraeus, Greece 185 38
[__], 2008
Navios Maritime Holdings, Inc.
00 Xxxx Xxxxxxx Xxxxxx
Piraeus, Greece 185 38
Ladies and Gentlemen:
This letter will confirm our agreement that, commencing on the effective date (“Effective Date”) of the registration statement for the initial public offering (“IPO”) of the securities of Navios Maritime Acquisition Corporation, a Xxxxxxxx Islands corporation (the “Company”), and continuing until the earlier of the consummation by the Company of a “business combination” or the Company’s liquidation (as described in the Company’s IPO prospectus) (the “Termination Date”), Navios Maritime Holdings, Inc. shall make available to the Company office space and certain administrative services as may be required by the Company from time to time, situated at 00 Xxxx Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxx 185 38. In exchange therefor, the Company shall pay Navios Maritime Holdings, Inc. the sum of $10,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date.
Navios Maritime Holdings, Inc. hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of the trust account described in the Company’s IPO prospectus (the “Trust Account”), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.
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Very truly yours, |
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Name: |
Xxxxxxxx Xxxxxxx |
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Title: |
Chief Executive Officer and Chairman |
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AGREED TO AND ACCEPTED BY: |
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NAVIOS MARITIME HOLDINGS, INC. |
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Name: |
Xxxxxxxx Xxxxxxx |
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Title: |
Chief Executive Officer and Chairman |
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ACTIVE 4307830v.1
