Addendum 1 To The Amended and Restated Accounting Agreement dated 01/07/2016 (the “Agreement”) Between Box Ships Inc. of Marshall Islands (the “Company”) And Allseas Marine S.A. (“Allseas”)

Exhibit 4.34

Addendum 1

To

The Amended and Restated Accounting Agreement dated 01/07/2016

(the “Agreement”)

Between

Box Ships Inc. of Xxxxxxxx Islands

(the “Company”)

And

Allseas Marine S.A.

(“Allseas”)

Notwithstanding the relevant provisions of the Amended and Restated Accounting Agreement , it is this, 1^st day of July 2016, mutually agreed between the Company and Allseas that the clause 3 of the Agreement shall be amended to read as follows:

Fees.

In consideration of its services hereunder, Allseas will be paid as follows:

A)          In consideration of the financial accounting services provided hereunder, a Financial Accounting Service Fee of € 200.000 (Two Hundred Thousand Euros) per annum, paid quarterly in arrears on the last business day of each quarter; and

B)         In consideration of the financial reporting services provided hereunder, a Financial Reporting Fee of US$ 30,000 (Thirty Thousand US Dollars) per Vessel per annum, paid quarterly in arrears on the last business day of each quarter.

The parties hereby agree that this Agreement comes into effect as of January 1^st, 2016.

All other fees, terms, conditions and provisions of the Amended and Restated Accounting Agreement remain unaltered and in full force and effect.

IN WITNESS WHEREOF the parties signed the present document the day and year first above written.

For and on behalf of,
BOX SHIPS INC.		ALLSEAS MARINE S.A.
By: XXXXXXXXXX XXXXXX		By : XXXXXX SKRIMIZEAS
Title: Corporate Secretary		Title: President/Director