DATED 30 November 2012 ERIS SHIPPING S.A. (as borrower) -and- PARAGON SHIPPING INC. (as guarantor) -and- HSBC BANK plc (as lender)First Supplemental Agreement to a Secured Loan Facility Agreement • April 18th, 2013 • Paragon Shipping Inc. • Deep sea foreign transportation of freight
Page 1 Interpretation 3 2 Conditions 4 3 Representations and Warranties 6 4 Amendments to the Loan Agreement and the Security Documents 6 5 Confirmation and Undertaking 12 6 Communications, Law and Jurisdiction 13 Schedule 9 Effective Date Confirmation 9
DATED 30 November 2012 ERIS SHIPPING S.A. (as borrower) -and- PARAGON SHIPPING INC. (as guarantor) -and- HSBC BANK plc (as lender) FIRST SUPPLEMENTAL AGREEMENT TO A US$22,000,000 SECURED LOAN FACILITY AGREEMENT DATED 02 JULY 2010First Supplemental Agreement to a Secured Loan Facility Agreement • December 13th, 2012 • Paragon Shipping Inc. • Deep sea foreign transportation of freight
SUPPLEMENTAL TO a secured loan facility agreement dated 02 July 2010 (the “Loan Agreement”) made between the Borrower and the Lender, on the terms and subject to the conditions of which the Lender agreed to advance to the Borrower an aggregate amount not exceeding twenty two million Dollars ($22,000,000) (the “Loan”).
