0000950123-11-091468 Sample Contracts

AMENDMENT NO. 2 TO THE MANAGEMENT AGREEMENT
The Management Agreement • October 24th, 2011 • Navios Maritime Partners L.P. • Deep sea foreign transportation of freight

This AMENDMENT NO. 2 TO THE MANAGEMENT AGREEMENT (this “Amendment”), dated as of October 21, 2011, is made by and between Navios Maritime Partners L.P., a Marshall Islands limited partnership (“NMLP”) and Navios ShipManagement Inc., a Marshall Islands corporation (“NSM”, and together with NMLP, the “Parties”) and amends the Management Agreement (the “Management Agreement”) entered into among the Parties on November 16, 2007 and the Amendment to the Management Agreement entered into among the Parties on October 27, 2009 (together, with the Management Agreement, the “Agreement”). Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given them in the Agreement.

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AMENDMENT NO. 1 TO THE ADMINISTRATIVE SERVICES AGREEMENT
The Administrative Services Agreement • October 24th, 2011 • Navios Maritime Partners L.P. • Deep sea foreign transportation of freight

This AMENDMENT NO. 1 TO THE ADMINISTRATIVE SERVICES AGREEMENT (this “Amendment”), dated as of October 21, 2011, is made by and between Navios Maritime Partners L.P., a Marshall Islands limited partnership (“NMLP”) and Navios ShipManagement Inc., a Marshall Islands corporation (“NSM”, and together with NMLP, the “Parties”) and amends the Administrative Services Agreement (the “Agreement”) entered into among the Parties on November 16, 2007. Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given them in the Agreement.

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