AMENDMENT TO FLOATING RATE MANAGEMENT AGREEMENT
Exhibit 99.2
EXECUTION COPY
AMENDMENT TO FLOATING RATE MANAGEMENT AGREEMENT
AMENDMENT NO. 33 made effective this 27th day of March 2019, to the Floating Rate Management Agreement dated the 10th of June 2011 (the “Floating Rate Management Agreement”), as amended; by and between CAPITAL PRODUCT PARTNERS L.P., a limited partnership duly organized and existing under the laws of the Xxxxxxxx Islands (“CLP”), and CAPITAL SHIP MANAGEMENT CORP., a company duly organized and existing under the laws of Panama with its registered office at Hong Kong Bank building, 0xx xxxxx, Xxxxxx Xxxxx Xxxxxx, Xxxxxx, and a representative office established in Greece at 0, Xxxxxxxx Xxxxxx, Xxxxxxx Xxxxxx (“CSM”).
WHEREAS:
| A. | CLP owns vessels and requires certain commercial and technical management services for the operation of its fleet; |
| B. | Pursuant to the Floating Rate Management Agreement, CLP engaged CSM to provide such commercial and technical management services to CLP on the terms set out therein and as of the date hereof CSM will not manage the below vessels on behalf of CLP: |
| Vessel Name | IMO Number | Flag | ||
| ACTIVE | 9700342 | Liberia | ||
| AGISILAOS | 9315745 | Xxxxxxxx Xxxxxxx | ||
| XXXXXX XX | 0000000 | Liberia | ||
| AIOLOS | 9315769 | Xxxxxxxx Xxxxxxx | ||
| XXXXXXXX | 0000000 | Liberia | ||
| AKTORAS | 9312925 | Xxxxxxxx Xxxxxxx | ||
| XXXXXXXXXX XX | 0000000 | Xxxxxxxx Xxxxxxx | ||
| ALKIVIADIS | 9327437 | Xxxxxxxx Xxxxxxx | ||
| XXXXXXX | 0000000 | Xxxxx | ||
| XXXX | 9700471 | Liberia | ||
| AXIOS | 9315941 | Liberia | ||
| ANEMOS I | 9327463 | Liberia | ||
| ANIKITOS | 9710490 | Liberia | ||
| APOSTOLOS | 9327451 | Liberia | ||
| ARIONAS | 9315757 | Xxxxxxxx Xxxxxxx | ||
| XXXX XX | 0000000 | Xxxxxxxx Xxxxxxx | ||
| XXXXXXXXX | 0000000 | Xxxxxxxx Xxxxxxx | ||
| XXXXXXXXXXX XX | 9384033 | Xxxxxxxx Islands | ||
| ASSOS | 9327449 | Liberia | ||
| ATLANTAS II | 9312913 | Xxxxxxxx Islands | ||
| ATROTOS | 9328285 | Liberia | ||
|
AVAX |
9315939 | Liberia |
.
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NOW THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto hereby agree, on the terms and subject to the conditions set forth herein, as follows:
Section 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Floating Rate Management Agreement.
Amendments.
(a) Schedule “B” of the Floating Rate Management Agreement is hereby amended to read in its entirety as follows:
SCHEDULE B
VESSELS AND DATE OF TERMINATION
| Vessel Name | Expected Termination Date | |
|
|
| |
| Cape Agamemnon | June 2021 | |
| Agamemnon | December 2022 | |
| Archimidis | December 2022 | |
| Hyundai Premium | March 2023 | |
| Hyundai Paramount | March 2023 | |
| Hyundai Platinum | August-September 2023 | |
| Hyundai Privilege | August-September 2023 | |
| Huyndai Prestige | August-September 2023 | |
| CMA CGM Amazon | June 2020 | |
| CMA CGM Uruguay | September 2020 | |
| CMA CGM Xxxxxxxxx | February 2021 | |
Section 2. Effectiveness of Amendment. This Amendment shall become effective as of 27th March 2019.
Section 3. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, amend, or otherwise affect the rights and remedies of CLP or CSM under the Floating Rate Management Agreement, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Floating Rate Management Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle CLP or CSM to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Floating Rate Management Agreement in similar or different circumstances. This Amendment shall apply and be effective with respect to the matters expressly referred to herein. After the Amendment Effective Date, any reference to the Floating Rate Management Agreement shall mean the Floating Rate Management Agreement with such amendments effected hereby.
Section 4. Counterparts. This Amendment may be executed in one or more signed counterparts, facsimile or otherwise, which shall together form one instrument.
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IN WITNESS WHEREOF the Parties have executed this Amendment this 27th March 2019 by their duly authorized signatories with effect on the date first above written.
|
BY ITS GENERAL PARTNER, CAPITAL GP L.L.C., | ||
| By: | /s/ Xxxxxxxxx Kalogiratos | |
| Name: | Xxxxxxxxx Kalogiratos | |
| Title: | Chief Executive Officer of Capital GP L.L.C. | |
| CAPITAL SHIP MANAGEMENT CORP., | ||
| By: | /s/ Xxxxxxxx Xxxxx | |
| Name: | Xxxxxxxx Xxxxx | |
| Title: | Director | |
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