0000950123-09-029752 Sample Contracts

Contract
Twenty-Fourth Supplemental Indenture • August 5th, 2009 • Navios Maritime Holdings Inc. • Deep sea foreign transportation of freight • New York

TWENTY-FOURTH SUPPLEMENTAL INDENTURE (this “Twenty-fourth Supplemental Indenture”), dated as of July 14, 2009, is entered into by and among Navios Maritime Holdings Inc. (or its permitted successor), a Marshall Islands corporation (the “Company”), Customized Development S.A., a Liberian corporation (the “Guaranteeing Subsidiary”) and an indirect subsidiary of the Company, the other Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, N.A. (or its permitted successor) as trustee under the Indenture referred to below (the “Trustee”).

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Contract
Twenty-Third Supplemental Indenture • August 5th, 2009 • Navios Maritime Holdings Inc. • Deep sea foreign transportation of freight • New York

TWENTY-THIRD SUPPLEMENTAL INDENTURE (this “Twenty-third Supplemental Indenture”), dated as of July 2, 2009, is entered into by and among Navios Maritime Holdings Inc. (or its permitted successor), a Marshall Islands corporation (the “Company”), Floral Marine Ltd., Red Rose Shipping Corp., and Pandora Marine Inc., each a Marshall Islands corporation (each a “Guaranteeing Subsidiary” and collectively, the “Guaranteeing Subsidiaries”) and each an indirect subsidiary of the Company, the other Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, N.A. (or its permitted successor) as trustee under the Indenture referred to below (the “Trustee”).

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