EX-99.2 3 d687639dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

EXECUTION COPY

AMENDMENT TO FLOATING RATE MANAGEMENT AGREEMENT

AMENDMENT NO. 33 made effective this 27th day of March 2019, to the Floating Rate Management Agreement dated the 10th 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 and as of the date hereof CSM will not manage the below vessels on behalf of CLP:

 

 

Vessel Name    IMO Number    Flag
ACTIVE    9700342    Liberia
AGISILAOS    9315745    Marshall Islands
AYRTON II    9410014    Liberia
AIOLOS    9315769    Marshall Islands
AKERAIOS    9328297    Liberia
AKTORAS    9312925    Marshall Islands
ALEXANDROS II    9384021    Marshall Islands
ALKIVIADIS    9327437    Marshall Islands
AMADEUS    9700469    Malta
AMOR    9700471    Liberia
AXIOS    9315941    Liberia
ANEMOS I    9327463    Liberia
ANIKITOS    9710490    Liberia
APOSTOLOS    9327451    Liberia
ARIONAS    9315757    Marshall Islands
ARIS II    9384019    Marshall Islands
ARISTAIOS    9779939    Marshall Islands
ARISTOTELIS II    9384033    Marshall Islands
ASSOS    9327449    Liberia
ATLANTAS II    9312913    Marshall Islands
ATROTOS    9328285    Liberia

AVAX

    9315939    Liberia

.

 

1

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.

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
Agamemnon    December 2022
Archimidis    December 2022
Hyundai Premium    March 2023
Hyundai Paramount    March 2023
Hyundai Platinum    August-September 2023
Hyundai Privilege    August-September 2023
Huyndai Prestige    August-September 2023
CMA CGM Amazon    June 2020
CMA CGM Uruguay    September 2020
CMA CGM Magdalena    February 2021

Section 2. Effectiveness of Amendment. This Amendment shall become effective as of 27th March 2019.

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 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.

 

2

IN WITNESS WHEREOF the Parties have executed this Amendment this 27th March 2019 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 of Capital GP L.L.C.
CAPITAL SHIP MANAGEMENT CORP.,
By:   /s/ Prokopis Iliou
Name:   Prokopis Iliou
Title:   Director

 

 

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