Date 23 October 2009 NAVIOS SHIPMANAGEMENT INC. as Borrower - and - MARFIN EGNATIA BANK Societe Anonyme as Lender LOAN AGREEMENT relating to a revolving credit facility of up to $110,000,000Loan Agreement • November 10th, 2009 • Navios Maritime Holdings Inc. • Deep sea foreign transportation of freight
The Borrower has requested and the Lender has agreed to make available to the Borrower a revolving credit facility of up to One hundred Ten million Dollars ($110,000,000) for the purposes of (i) providing the Borrower with funds to be on lent to the Existing Owner and/or any other member of the Group for the purpose of assisting the Existing Owner and/or any other member of the Group in financing part of the Contract Price of the Existing Ship and/or any other Additional Ship and (ii) providing the Borrower and/or any other member of the Group with working and investment capital on the terms and conditions hereinafter set forth.
