Exhibit 99.1

Dated 10 May 2019

THIRD SUPPLEMENTAL AGREEMENT

relating to a

loan of up to US$30,000,000

to

DEVOCEAN MARITIME LTD.

DOMINA MARITIME LTD.

and

DULAC MARITIME S.A.

arranged by

HAMBURG COMMERCIAL BANK AG (formerly known as HSH NORDBANK AG)

with

HAMBURG COMMERCIAL BANK AG (formerly known as HSH NORDBANK AG)

as Agent

HAMBURG COMMERCIAL BANK AG (formerly known as HSH NORDBANK AG)

as Security Agent

guaranteed by

GLOBUS MARITIME LIMITED

Contents

THIS SUPPLEMENTAL AGREEMENT is dated on 10 May 2019 and made BETWEEN :

WHEREAS :

NOW IT IS HEREBY AGREED as follows:

Words and expressions defined in the Original Facility Agreement shall, unless the context otherwise requires or unless otherwise defined herein, have the same meanings when used in this Agreement.

In this Agreement, unless the context otherwise requires:

Effective Date means the date, no later than 10 May 2019, on which the Agent has received the documents and evidence specified in Schedule 2 in a form and substance satisfactory to it.

Facility Agreement means the Original Facility Agreement as amended and supplemented by this Agreement.

Relevant Documents means this Agreement and any other documents to be executed in connection hereto.

Relevant Parties means, together, the Borrowers, the Manager and the Parent and Relevant Party means each one of them.

Third Revision Period means the period commencing on 1 January 2019 and ending on the Final Repayment Date (both dates inclusive).

References in the Original Facility Agreement to “this Agreement” shall, with effect from the Effective Date and unless the context otherwise requires, be references to the Original Facility Agreement as amended by this Agreement and words such as “herein”, “hereof”, “hereunder”, “hereafter”, “hereby” and “hereto”, where they appear in the Original Facility Agreement shall be construed accordingly.

Clause headings and the table of contents are inserted for convenience of reference only and shall be ignored in the interpretation of this Agreement.

Clauses 1.2 to 1.7 ( Construction ) and 1.8 to 1.10 ( Third party rights) of the Original Facility Agreement shall be deemed to be incorporated into this Agreement in full, mutatis mutandis .

The Parties agree that this Agreement is and shall be designated a Finance Document.

The Finance Parties, relying upon the representations, warranties and undertakings on the part of the Relevant Parties contained in clause 4 ( Representations and warranties ) and subject to the terms and conditions of this Agreement and in particular, but without prejudice to the generality of the foregoing, fulfilment on or before the Effective Date of the conditions contained in Schedule 2 ( Documents and evidence required as conditions precedent ), agree to:

The Original Facility Agreement shall, with effect on and from the Effective Date, be (and is hereby) amended in accordance with the following provisions (and the Original Facility Agreement (as so amended) will continue to be binding upon each of the parties hereto upon such terms as so amended):

“ Final Repayment Date means, subject to clauses 36.12 and 36.13 ( Business Days ), 31 July 2019.”;

“(e) 28 June 2019; and”;

On the Final Repayment Date (without prejudice to any other provision of this Agreement), the Loan shall be repaid in full.

For the avoidance of doubt it is hereby agreed that the above repayment profile reflects the reduction in the amount actually drawn down in connection with the Devocean Advance and the Dulac Advance and no further reduction to the repayment instalments shall be needed pursuant to clause 6.3 ( Adjustment of scheduled repayments ) for such matter.”;

“ Sale and refinancing undertaking

21.21 Without prejudice to clause 19 ( Information undertakings ), the Borrowers shall, as of 10 May 2019, report to the Agent on a weekly basis and provide such information as the Agent may reasonably require, in each case, on the progress and status of the matters referred to in paragraphs (a) and (b) of clause 21.20.”; and

The Relevant Parties make the representations and warranties set out in clause 18 ( Representations ) of the Original Facility Agreement to the Lenders on the date of this Agreement and on the Effective Date as if made on such date with reference to the facts and circumstances existing at each such date.

The Borrowers shall pay to the Agent, for the account of the Lenders, a non-refundable restructuring fee of $50,000 on the Effective Date.

The Borrowers agree to pay to the Agent on a full indemnity basis on demand all expenses (including legal and out-of-pocket expenses) incurred by any Finance Party:

All fees and expenses payable pursuant to this clause 5 shall be paid together with value added tax or any similar tax (if any) properly chargeable thereon. Any value added tax chargeable in respect of any services supplied by any of the Finance Parties under this Agreement shall, on delivery of the value added tax invoice, be paid in addition to any sum agreed to be paid hereunder.

The Borrowers shall pay and, within three Business Days of demand, indemnify each Finance Party against any cost, loss or liability that Finance Party incurs in relation to all stamp duty, registration and other similar Taxes payable in respect of this Agreement and any other Relevant Documents.

Each of the Relevant Parties hereby confirms for the benefit of the Finance Parties that:

provided that, without prejudice to the foregoing, the Relevant Parties shall do all such acts and things as the Security Agent reasonably requires for the purposes of ensuring that all obligations and Security Interests purported to be created under the Finance Documents are and shall remain in full force and effect and fully perfected in favour of the Security Agent.

This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original but all counterparts shall together constitute one and the same instrument.

If, at any time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under any law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions nor the legality, validity or enforceability of such provision in any other respect or under the law of any other jurisdiction will be affected or impaired in any way.

The provisions of clause 38 ( Notices ) of the Original Facility Agreement shall extend and apply to the giving or making of notices or demands hereunder as if the same were expressly stated herein and as if references therein to “Obligors” and “Obligor” were references to all Relevant Parties and Relevant Party, respectively.

Notwithstanding anything to the contrary contained in this Agreement, the agreements, obligations and liabilities of the Relevant Parties herein contained are joint and several and shall be construed accordingly. Each of the Relevant Parties agrees and consents to be bound by this Agreement notwithstanding that the other Relevant Parties which were intended to sign or be bound may not do so or be effectually bound and notwithstanding that this Agreement may be invalid or unenforceable against the other Relevant Parties whether or not the deficiency is known to the Agent. The Agent shall be at liberty to release any of the Relevant Parties from this Agreement and to compound with or otherwise vary the liability or to grant time and indulgence to make other arrangements with any of the Relevant Parties without prejudicing or affecting the rights and remedies of the Agent against the other Relevant Parties.

This Agreement and any non-contractual obligations connected with it shall be governed by English law.

IN WITNESS whereof the parties to this Agreement have caused this Agreement to be duly executed as a deed on the date first above written.

Schedule 1
The original parties

The Original Lenders

Schedule 2
Documents and evidence required as conditions precedent

In relation to each of the Relevant Parties:

copies certified by an officer of each of the Relevant Parties, as a true, complete and up to date copies, of all documents which contain or establish or relate to the constitution of that Relevant Party or a secretary's certificate confirming that there have been no changes or amendments to the constitutional documents certified copies of which were previously delivered to the Agent pursuant to the Original Facility Agreement;

copies of resolutions of each of its board of directors and, if required following advice by the Agent’s counsel, its shareholders approving this Agreement and the other Relevant Documents and the terms and conditions hereof and thereof and authorising the signature, delivery and performance of each such Relevant Party's obligations thereunder, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of such Relevant Party as:

together with originals or certified copies of any powers of attorney issued by any Relevant Party pursuant to such resolutions; and

a list of directors and officers of each Relevant Party specifying the names and positions of such persons, certified (in a certificate dated no earlier than five (5) Banking Days prior to the date of this Agreement) by an officer of such Relevant Party to be true, complete and up to date;

a certificate (dated no earlier than five (5) Banking Days prior to the date of this Agreement) from an officer of each of the Relevant Parties stating that no consents, authorisations, licences or approvals are necessary for such Relevant Party to authorise, or are required by each of the Relevant Parties or any other party (other than a Finance Party) in connection with, the execution, delivery, and performance of this Agreement and the other Relevant Documents to which such Relevant Party is or is to be a party;

such legal opinions in relation to the Republic of the Marshall Islands and any other legal opinions as the Agent shall in its absolute discretion require;

evidence in form and substance satisfactory in all respects to the Agent, that the Borrowers have appointed not less than two ship sale and purchase brokers in relation to the potential sale of the Ships by no later than 30 April 2019;

evidence that the restructuring fee set out in clause 5.1 ( Restructuring fee ) has been paid;

a letter from each Relevant Party's agent for receipt of service of proceedings accepting its appointment under this Agreement as such Relevant Party’s process agent; and

such other matters or favourable opinions as the Agent may require.