Contract58 Executive Services Agreement • May 5th, 2020
EX-4.58 11 d1370950_ex4-58.htm Exhibit 4.58 EXECUTIVE SERVICES AGREEMENT Made this 27th day of January, 2011 by and between PARAGON SHIPPING INC., a Marshall Islands corporation having its registered office at Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH 96960 {the "Company"), and Allseas Marine S.A., a Liberian corporation having its registered office at 80 Broad Street, Monrovia, Liberia ("Allseas"). in consideration of the mutual covenants and agreements set forth herein, the parties hereto agree as follows: 1. The Company. The Company is engaged directly and/or through its subsidiaries (collectively the "Paragon Group") primarily in the ownership, operation, management and chartering of drybulk and containership carriers. 2. Engagement. The Company hereby engages Allseas to act as Executive Services Provider. 3. Duration. The duration of the engagement shall commence as of the 1st January, 2011 (the "Effective Date") and shall have a term of five rolling years (the "
