EX-4.48 10 d140476dex448.htm EX-4.48

Exhibit 4.48

EXECUTION COPY

AMENDMENT TO FLOATING RATE MANAGEMENT AGREEMENT

AMENDMENT NO. 18 made effective the 30th day of June 2015, to the Floating Rate Management Agreement dated the 9th of June 2011 (the “Floating Rate Management Agreement”), as amended; by and between CAPITAL PRODUCT PARTNERS L.P., a limited partnership duly organized and existing under the laws of the Marshall Islands (“CLP”), and CAPITAL SHIP MANAGEMENT CORP., a company duly organized and existing under the laws of Panama with its registered office at Hong Kong Bank building, 6th floor, Samuel Lewis Avenue, Panama, and a representative office established in Greece at 3, Iassonos Street, Piraeus Greece (“CSM”).

WHEREAS:

| A. | CLP owns vessels and requires certain commercial and technical management services for the operation of its fleet;

| B. | Pursuant to the Floating Rate Management Agreement, CLP engaged CSM to provide such commercial and technical management services to CLP on the terms set out therein;

| C. | CLP and CSM agree to make a correction as required and amend and restate this agreement.

NOW THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto hereby agree, on the terms and subject to the conditions set forth herein, as follows:

Section 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Floating Rate Management Agreement.

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Amendments.

(a) Schedule “B” of the Floating Rate Management Agreement is hereby amended to read in its entirety as follows:

SCHEDULE B

VESSELS AND DATE OF TERMINATION

Vessel Name |  | Expected Termination Date
Cape Agamemnon |  | June 2021
Arionas |  | August 2016
Agisilaos |  | December 2016
Avax |  | April 2017
Axios |  | June 2017
Akeraios |  | August 2017
Apostolos |  | September 2017
Aristotelis |  | November 2018
Agamemnon |  | December 2017
Archimidis |  | December 2017
Anemos I |  | December 2017
Hyundai Premium |  | Mar-April 2018
Hyundai Paramount |  | Mar-April 2018
Hyundai Platinum |  | August-September 2018
Hyundai Privilege |  | August-September 2018

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Huyndai Prestige |  | August-September 2018
Assos |  | April 2019
Atrotos |  | April 2019
Ayrton II |  | April 2019
Amore Mio II |  | May 2019
Active |  | March 2020
CMA CGM Amazon |  | June 2020
Amadeus |  | June 2020

Section 2. Effectiveness of Amendment. This Amendment shall become effective for each vessel as of 10th June 2015 (the “Amendment Effective Date”).

Section 3. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, amend, or otherwise affect the rights and remedies of CLP or CSM under the Floating Rate Management Agreement, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Floating Rate Management Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle CLP or CSM to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or

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agreements contained in the Floating Rate Management Agreement in similar or different circumstances. This Amendment shall apply and be effective with respect to the matters expressly referred to herein. After the Amendment Effective Date, any reference to the Floating Rate Management Agreement shall mean the Floating Rate Management Agreement with such amendments effected hereby.

Section 4. Counterparts. This Amendment may be executed in one or more signed counterparts, facsimile or otherwise, which shall together form one instrument.

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IN WITNESS WHEREOF the Parties have executed this Amendment this 30th day of June 2015 by their duly authorized signatories with effect on the date first above written.

CAPITAL PRODUCT PARTNERS L.P. BY ITS GENERAL PARTNER, CAPITAL GP L.L.C.,
|  | By: |  | /s/ Gerasimos Kalogiratos
|  |  |  | Name: |  | Gerasimos Kalogiratos
|  |  |  | Title: |  | Chief Executive Officer and Chief Financial Officer of Capital GP L.L.C.
CAPITAL SHIP MANAGEMENT CORP.,
|  | By: |  | /s/ Nikolaos Syntichakis
|  |  |  | Name: |  | Nikolaos Syntichakis
|  |  |  | Title: |  | Attorney-in-Fact & Legal Representative

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