DATED February 2007 NAVIOS MARITIME HOLDINGS INC. as Borrower COMMERZBANK AG and HSH NORDBANK AG as Lenders HSH NORDBANK AG as Swap Bank, Joint-Arranger, Agent, Account Bank and Security Trustee and COMMERZBANK AG as Joint-Arranger as Swap Bank...Private and Confidential • February 2nd, 2007 • Navios Maritime Holdings Inc. • Deep sea foreign transportation of freight
