DESCRIPTION OF THE AMENDED HEAD MANAGEMENT AGREEMENTHead Management Agreement • March 20th, 2020 • Pyxis Tankers Inc. • Deep sea foreign transportation of freight
On March 18, 2020, Pyxis Tankers Inc. (the “Company”) entered into Amendment No. 2 to the Amended and Restated Head Management Agreement (the “Amended Head Management Agreement”) between the Company and Pyxis Maritime Corp. (“Maritime”), a company owned and controlled by Mr. Eddie Valentis, the Company’s Chairman and Chief Executive Officer. The Amended Head Management Agreement provides for, among other things, a termination fee for ship management services to be paid to Maritime in the event the agreement is terminated in connection with a Change of Control (as such term is defined in the Amended Head Management Agreement).
AMENDED AND RESTATED HEAD MANAGEMENT AGREEMENTHead Management Agreement • September 4th, 2015 • Pyxis Tankers Inc. • Deep sea foreign transportation of freight
This Amended and Restated Head Management Agreement (this “Agreement”), dated as of August 5 , 2015, between Pyxis Tanker Inc. (the “Company”), in its own capacity and as agent for each of the vessel owning subsidiaries identified in Schedule A hereto that will be acquired by the Company together with any additional subsidiaries that may acquire vessels or enter into newbuilding contracts in the future (the “Subsidiaries”), and PYXIS MARITIME CORP. (“Maritime”).
AMENDMENT No. 1 TO AMENDED AND RESTATED HEAD MANAGEMENT AGREEMENTHead Management Agreement • March 28th, 2017 • Pyxis Tankers Inc. • Deep sea foreign transportation of freight
This Amendment No. 1 to Amended and Restated Head Management Agreement (this “Amendment”), dated as of August 9, 2016, between Pyxis Tankers Inc. (the “Company”) and PYXIS MARITIME CORP. (“Maritime”), amends in part the Amended and Restated Head Management Agreement, entered into between the Company and Maritime as of August 5, 2015 (the “Agreement”).
