Document:

Exhibit

Exhibit 10.7

ROYAL CARIBBEAN CRUISES LTD.
2008 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT AGREEMENT

GRANTEE: 
DATE OF GRANT: 
NUMBER OF RESTRICTED STOCK UNITS GRANTED:

This Restricted Stock Unit Agreement (the “Agreement”) is dated as of         , and is entered into between Royal Caribbean Cruises Ltd. (the “Company”) and             , an employee of the Company and/or one of its Affiliates (the “Grantee”).
This Agreement is pursuant to the provisions of the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended (the “Plan”), with respect to the number of Restricted Stock Units (“Units”) specified above. Capitalized terms used and not defined in this Agreement shall have the meanings given to them in the Plan. This Agreement consists of this document and the Plan. The obligation of the Company pursuant to this Agreement is that of an unfunded and unsecured pledge to transfer to Grantee, as of the applicable Vesting Date, legal title and ownership of shares of Stock of the Company (the “Shares”).
Grantee and the Company agree as follows: 
	
		
	Application of Plan; Administration
	This Agreement and Grantee’s rights under this Agreement are subject to all the terms and conditions of the Plan, as it may be amended from time to time, as well as to such rules and regulations as the Committee may adopt.  It is expressly understood that the Committee that administers the Plan is authorized to administer, construe and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, all of which shall be binding upon Grantee to the extent permitted by the Plan.  Any inconsistency between this Agreement and the Plan shall be resolved in favor of the Plan.

	Vesting
	Unless sooner Vested in accordance with the terms of the Plan, the Units will become Vested Units on the dates and in the respective amounts set forth below and will no longer be subject to forfeiture (such date referred to herein as the “Vesting Date”).  

                                               Vesting Dates                                            Shares
                                  ________("First Vesting Date")
                                  ________("Second Vesting Date")
                                  ________("Third Vesting Date")
                                  ________("Fourth Vesting Date")

	Rights as Shareholder
	Grantee will not be entitled to any privileges of ownership of Shares of Stock of the Company underlying Grantee’s Units unless and until they actually Vest.

	Settlement of Units
	(a)    Time of Settlement.  This Agreement will be settled by the delivery to Grantee of one Share for each Vested Unit as of the Vesting Date.
(b)    Termination Prior to Vesting Date.  Unless otherwise specified in the Plan, if Grantee has a Termination of Service prior to the Vesting Date other than by reason of his/her death or Disability, Grantee will forfeit Units that have not vested.  If Grantee has a Termination of Service by reason of his/her death or Disability, all Units that have not Vested shall immediately Vest.
(c)    Issuance of Shares.  Shares due and payable to Grantee under the terms of this Agreement shall be issued as of the Vesting Date.

	Transferability
	Grantee’s Units are not transferable, whether voluntarily or involuntarily, by operation of law or otherwise, except as provided in the Plan. Any assignment, pledge, transfer, or other disposition, voluntary or involuntary, of Grantee’s Units made, or any attachment, execution, garnishment, or lien issued against or placed upon the Units, other than as so permitted, shall be void.

GRANTEE:  
DATE OF GRANT: 
NUMBER OF RESTRICTED STOCK UNITS GRANTED:

	
		
	Taxes
	(a)    FICA/Medicare Taxes.  U.S. employees of the Company and/or its Affiliates will be subject to FICA/Medicare tax on each Vesting Date based on the Fair Market Value of the Shares underlying the Units that Vest on such Vesting Date.  
(b)    U.S. Federal Income Taxes.  U.S. employees of the Company and/or its Affiliates will be subject to U.S. federal income tax on each Vesting Date based on the Fair Market Value of the Shares underlying the Units that Vest on such Vesting Date. 
(c)    Tax Consequences for Non-U.S. Residents.  Grantees who are neither citizens nor resident aliens of the U.S. should consult with their financial/tax advisor regarding both the U.S. and non-U.S. tax consequences of the receipt of this award and subsequent settlement/receipt of the Shares.
(d)    Grantee will be solely responsible for the payment of all such taxes, as well as for any other state, local or non-U.S. taxes that may be related to Grantee’s receipt of the Units and/or Shares.

	Restrictive Covenants
	The Grantee acknowledges and recognizes that his or her services to be rendered to the Company and/or its Affiliates are of a special and unusual character that have a unique value to Company and the conduct of its business, the loss of which cannot adequately be compensated by damages in an action at law.  In view of the unique value to Company of the services of Grantee, and because of the confidential information to be obtained by or disclosed to Grantee, and as a material inducement to Company providing this grant of Units to Grantee, Grantee agrees to the provisions of Schedule A attached hereto (the “Restrictive Covenants”).  For the avoidance of doubt, the Restrictive Covenants contained in this Agreement are in addition to, and not in lieu of, any other restrictive covenants or similar covenants or agreements between Grantee and the Company or any of its Affiliates, including but not limited to, any employment agreement between Grantee and the Company or any of its Affiliates.

	Miscellaneous
	(a)    This Agreement shall not confer upon an employee any right to continue employment with the Company or any Affiliate, nor shall this Agreement interfere in any way with the Company’s or Affiliate’s right to terminate such employment at any time. 
(b)    Subject to the terms of the Plan, the Committee may terminate, amend, or modify the Plan; provided, however, that no such termination, amendment, or modification of the Plan may in any way adversely affect Grantee’s rights under this Agreement without Grantee’s consent.
(c)    This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or stock exchanges as may be required.
(d)    To the extent not preempted by U.S. federal law, this Agreement shall be governed and interpreted in accordance with the laws of the State of Florida, except that no effect shall be given to any conflicts of laws principles that would require the application of the laws of a state or territory other than Florida.  Additionally, the Parties agree that the federal and state courts located in the Southern District of Florida or Miami-Dade County, Florida will have personal jurisdiction over them to hear all disputes regarding, or related to, this Agreement.  The Parties further agree that venue will be proper only in the Southern District of Florida or Miami-Dade County, Florida and they waive all objections to that venue.

	Additional Terms for Participants in China
	To the extent Grantee (i) is employed by the Company or one of its Affiliates in and (ii) is a citizen of the People’s Republic of China, the Units shall be subject to such additional or substitute terms as shall be set forth in Schedule B attached hereto.

	Signatures
	By the signatures below, the Grantee and the authorized representative of the Company acknowledge agreement to this Restricted Stock Unit Agreement as of the Grant Date specified above.

Royal Caribbean Cruises Ltd.                                                                                       
              
By: ______________________________                    
         

Grantee:   _________________________
                                                               

SCHEDULE A

RESTRICTIVE COVENANTS

Grantee hereby covenants and agrees that Grantee will not, directly or indirectly, whether as principal, agent, trustee or through the agency of any corporation, partnership, association or agent (other than as the holder of not more than five percent (5%) of the total outstanding stock of any company the securities of which are traded on a regular basis on recognized securities exchanges for the [one or two (1 or 2)] year period immediately following the termination of Grantee’s employment under any circumstances (the "Non-competition Period"), for any reason, serve as or be a consultant to or employee, officer, agent, director or owner of another entity engaged in cruises, with a minimum fleet size of 1,000 berths (including ships under construction or publicly announced to be built), or cruise related businesses of any such entity.  
Grantee further agrees that during the Non-competition Period, he or she shall not:  (i) employ or seek to employ any person who is then employed or retained by the Company or its Affiliates (or who was so employed or retained at any time within the six (6) month period prior to the last day of Grantee’s employment with the Company); or (ii) solicit, induce, or influence any proprietor, partner, stockholder, lender, director, officer, employee, joint venturer, investor, consultant, agent, lessor, supplier, customer or any other person or entity which has a business relationship with the Company or its Affiliates at any time during the Non-competition Period, to discontinue or reduce or modify the extent of such relationship with the Company or any of its Affiliates.
Employee has carefully read and considered the provisions of this Agreement and agrees that the restrictions set forth are fair and reasonable and are reasonably required for the protection of the interests of the Company, its officers, directors, shareholders, and other employees and for the protection of the business of Company.  Grantee acknowledges that he or she is qualified to engage in businesses other than that described in the first paragraph of this Schedule A.  It is the belief of the parties, therefore, that the best protection that can be given to Company that does not in any way infringe upon the rights of Grantee to engage in any unrelated businesses is to provide for the restrictions described above.  In view of the substantial harm which would result from a breach by Grantee of this Schedule A, the parties agree that the restrictions contained herein shall be enforced to the maximum extent permitted by law.  In the event that any of said restrictions shall be held unenforceable by any court of competent jurisdiction, the parties hereto agree that it is their desire that such court shall substitute a reasonable judicially enforceable limitation in place of any limitation deemed unenforceable and that as so modified, the covenant shall be as fully enforceable as if it had been set forth herein by the parties.

SCHEDULE B

ADDITIONAL TERMS AND CONDITIONS

This Schedule B includes special terms and conditions applicable to Participants who are employed in and a citizen of the People’s Republic of China. These terms and conditions are in addition to or substitute for, as applicable, those set forth in the Agreement. Any capitalized term used in this Schedule A without definition shall have the meaning ascribed to such term in the Agreement.
Mandatory Sale Restriction
The Grantee acknowledges and agrees that, due to regulatory requirements in China, the Grantee shall be required to sell any Shares acquired under this Agreement and then owned by the Grantee within 90 days following the date the Grantee has a Termination of Service (the “Sale Cut-off Date”).  In this regard, to the extent that any Shares issued hereunder remain in the Grantee’s brokerage account established by the Company with E*TRADE Financial Services Inc. or any successor designated broker utilized by the Company from time to time (the “Designated Broker”) as of the Sale Cut-Off Date, the Grantee authorizes the Company to instruct the Designated Broker to sell such Shares on the Sale Cut-Off Date or as soon as administratively feasible thereafter. The Grantee acknowledges that neither the Company nor its Designated Broker is obligated to arrange for the sale of the Shares at any particular price, that the Shares may be sold as part of a block trade with other Participants in which all Participants receive an average price and that, upon the sale of the Shares, the proceeds from the sale of the Shares, less any brokerage fees or commissions and subject to any obligation to satisfy any applicable taxes or other tax-related items, will be remitted to the Grantee in accordance with applicable exchange control laws and regulations. 
Exchange Control Restrictions
The Grantee understands and agrees that, pursuant to local exchange control requirements, the Grantee (i) is not permitted to transfer any Shares acquired under this Agreement out of the account established by the Grantee with the Designated Broker and (ii) will be required to repatriate all cash proceeds resulting from the Grantee’s participation in the Plan, including cash dividends paid by the Company on Shares acquired under this Agreement and/or the sale of such Shares (together, the “cash proceeds”). The Grantee further understands that, under local law, such repatriation may need to be effectuated through a special exchange control account established by the Company or one of its subsidiaries and the Grantee hereby consents and agrees that all cash proceeds may be transferred to such special account prior to being delivered to the Grantee and that any interest earned on the cash proceeds prior to distribution to the Grantee will be retained by the Company to partially offset the cost of administering the Plan. The Grantee understands that the cash proceeds may be paid to the Grantee from this special account in U.S. dollars or in local currency, at the Company’s discretion. If the cash proceeds are paid in U.S. dollars, the Grantee understands that he or she will be required to establish a U.S. dollar bank account in China so that the cash proceeds may be deposited into this account. If the cash proceeds are converted to local currency, the Grantee acknowledges that the Company is under no obligation to secure any exchange conversion rate, and the Company may face delays in converting the cash proceeds to local currency due to exchange control restrictions in China. The Grantee agrees to bear the risk of any exchange conversion rate fluctuation between the date the cash dividend is paid and/or the Shares are sold, as applicable, and the date of conversion of the cash proceeds to local currency. The Grantee further agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.Exhibit

Exhibit 10.1

EIGHTH AMENDMENT TO 
AMENDED AND RESTATED LEASE AGREEMENT NO. 4
THIS EIGHTH AMENDMENT TO AMENDED AND RESTATED LEASE AGREEMENT NO. 4 (this “Amendment”) is made and entered into as of September 28, 2017 by and between HPT TA PROPERTIES TRUST, a Maryland real estate investment trust, and HPT TA PROPERTIES LLC, a Maryland limited liability company, as landlord (collectively, “Landlord”), and TA OPERATING LLC, a Delaware limited liability company, as tenant (“Tenant”).
W I T N E S S E T H:
WHEREAS, Landlord and Tenant are parties to that certain Amended and Restated Lease Agreement No. 4, dated as of June 9, 2015, as amended by that certain First Amendment to Amended and Restated Lease Agreement No. 4, dated as of June 16, 2015, that certain Second Amendment to Amended and Restated Lease Agreement No. 4, dated as of June 23, 2015, that certain Third Amendment to Amended and Restated Lease Agreement No. 4, dated as of September 23, 2015, that certain Fourth Amendment to Amended and Restated Lease Agreement No. 4, dated as of March 31, 2016, that certain Fifth Amendment to Amended and Restated Lease Agreement No. 4, dated as of June 22, 2016, that certain Sixth Amendment to Amended and Restated Lease Agreement No. 4, dated as of September 14, 2016, and that certain Seventh Amendment to Amended and Restated Lease Agreement No. 4, dated as of May 3, 2017 (as so amended, the “Lease”); 
WHEREAS, pursuant to the Lease, HPT TA Properties Trust leases to Tenant its leasehold interest in that certain property located at the southwest corner of I-40 and Cemetery Road in Sayre, Oklahoma and described on Exhibit A-26 to the Lease (the “Sayre Leased Property”);
WHEREAS, as of the date of this Amendment, HPT TA Properties Trust has acquired the fee interest in the Sayre Leased Property from a third party, such that its leasehold interest in the Sayre Leased Property has been merged with and into its fee title; 
WHEREAS, as of the date of this Amendment, HPT TA Properties Trust has acquired vacant land located adjacent to the Sayre Leased Property (the “Sayre Additional Property”) and Landlord and Tenant desire to amend the Lease to include such vacant land as part of the Sayre Leased Property;
WHEREAS, Landlord and Tenant desire to amend the Lease to reflect HPT TA Properties Trust’s acquisition of the fee interest in the Sayre Leased Property and its acquisition of the Sayre Additional Property;
NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree, as of the date of this Amendment, as follows:

1.    Capitalized Terms.  Capitalized terms used and not otherwise defined in this Amendment shall have the meanings given such terms in the Lease.  
2.    Minimum Rent.  The defined term “Minimum Rent” set forth in Section 1.68 of the Lease is hereby deleted in its entirety and replaced with the following:
“Minimum Rent” shall mean Fifty One Million Eight Hundred Nineteen Thousand Four Hundred Dollars and Forty Two Cents ($51,819,400.42), subject to adjustment as provided in Section 3.1.1(b).
3.    Exhibit A.  Exhibit A to the Lease is hereby amended by deleting Exhibit A-26 therefrom in its entirety and replacing it with Exhibit A-26 attached to this Amendment.
4.    Ratification.  As amended hereby, the Lease is hereby ratified and confirmed and all other terms remain in full force and effect.
5.    Counterparts.  This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 
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- 2 -

IN WITNESS WHEREOF, Landlord and Tenant have caused this Amendment to be duly executed, as a sealed instrument, as of the date first above written.
	
		
	LANDLORD:

	 
	 

	HPT TA PROPERTIES TRUST

	 
	 

	By:
	/s/ Mark K. Kleifges

	 
	Mark L. Kleifges

	 
	Treasurer and Chief Financial Officer

	
		
	HPT TA PROPERTIES LLC

	 
	 

	By:
	/s/ Mark L. Kleifges

	 
	Mark L. Kleifges

	 
	Treasurer and Chief Financial Officer

	
		
	TENANT:

	 
	 

	TA OPERATING LLC

	 
	 

	By:
	/s/ Mark R. Young

	 
	Mark R. Young

	 
	Executive Vice President

[Signature Page to Eighth Amendment to Amended and Restated Lease Agreement No. 4]

Reference is made to that certain Guaranty Agreement, dated as of June 9, 2015, given by TRAVELCENTERS OF AMERICA LLC and TRAVELCENTERS OF AMERICA HOLDING COMPANY LLC, each a Delaware limited liability company (collectively, “Guarantors”), to Landlord with respect to Tenant’s obligations under the Lease (the “Guaranty”).  Guarantors hereby confirm that all references in such Guaranty to the word “Lease” shall mean the Lease, as defined therein, as amended by this Amendment (and any prior amendments referenced in this Amendment), and said Guarantors hereby reaffirm the Guaranty. 

	
		
	TRAVELCENTERS OF AMERICA LLC

	 
	 

	By:
	/s/ Mark R. Young

	 
	Mark R. Young

	 
	Executive Vice President

	
		
	TRAVELCENTERS OF AMERICA HOLDING
COMPANY LLC

	 
	 

	By:
	/s/ Mark R. Young

	 
	Mark R. Young

	 
	Executive Vice President

	
			
	 
	 
	 

	 
	 
	 

EXHIBIT A-26 
 
P.O. Box 171,    Sayre, OK 73662
(See attached copy.) 

Tract 1 (Sayre Leased Property)
A tract of land being part of the Southeast Quarter (SE/4) of Section Fourteen (14) and a part of the Northeast Quarter (NE/4) of Section Twenty-three (23), Township Ten (10) North, Range Twenty-three (23) West of the Indian Base and Meridian, Beckham County, State of Oklahoma, according to the U.S. Government Survey thereof, being more particularly described by metes and bounds as follows:
Beginning at a point on the East line and 67.47 feet South of the Northeast Corner of said Northeast Quarter (NE/4) of Section Twenty-three (23); thence South 01°05’45” West along the East line of said Section Twenty-three (23), a distance of 263.16 feet; thence North 88°50’23” West, a distance of 572.43 feet; thence South 26° 26’57” West, a distance of 550.47 feet; thence North 89°08’58” West, a distance of 726.58 feet to the Easterly Right-of-Way Line of Interstate 40; thence North 35°42’52” East along the Easterly Right-of-Way Line of Interstate 40, a distance of 440.95 feet; thence on a curve to the right having a radius of 5504.58 feet, with a delta angle of 01°47’49” and an arc length of 172.64 feet; thence South 88°29’25” East, a distance of 350.74 feet; thence North 26°26’57” East, a distance of 361.62 feet to the North Line of the Northeast Quarter (NE/4) of Section Twenty-three (23); thence continuing North 26°26’57” East a distance of 10.19 feet into the Southeast Quarter (SE/4) of Section Fourteen (14), Township Ten (10) North, Range Twenty-three (23) West of the Indian Base and Meridian, Beckham County, Oklahoma; thence North 49°06’54” West, a distance of 181.89 feet to the Southeasterly Right-of-Way Line of Interstate 40; thence on a curve to the right having a radius of 5504.58 feet, with a delta angle of 02°02’51” and an arc length of 196.71 feet along the Southeasterly Right-of-Way Line of Interstate 40; thence North 59°31’32” East, along the Southeasterly Right-of-Way Line of Interstate 40, a distance of 341.66 feet; thence North 71°37’53” East along the Southeasterly Right-of-Way Line of Interstate 40, a distance of 290.10 feet; thence South 67°16’41” East along the Southerly Right-of-Way Line of Interstate 40, a distance of 50.46 feet; thence South 05°06’41” East, along the Westerly Right-of-Way Line of Interstate 40, a distance of 191.05 feet; thence South 00°53’45” West along the Westerly Right-of-Way Line of Interstate 40, a distance of 332.57 feet; thence South 09°00’58” East along the Westerly Right-of-Way Line of Interstate 40, a distance of 68.34 feet to the South Line of the Southeast Quarter (SE/4) of said Section Fourteen (14); thence South 88°54’15” East a distance of 33.00 feet to the Point of Beginning.
Tract 2 (Sayre Additional Property)
A tract of land lying in part of the Northeast Quarter (NE/4) of Section Twenty-three (23), Township Ten (10) North, Range Twenty-three (23) West of the Indian Meridian, Beckham County, Oklahoma, said tract being more particularly described by metes and bounds as follows:
Beginning at a point on the East line of said Section 23, said point being 330.63 feet South of the Northeast corner of the Northeast Quarter (NE/4) of said Section 23; thence South 01°05’45” West along the East line of said Section 23 a distance of 493.35 feet; thence North 89°08’58” West parallel with the North line of said Section 23 a distance of 808.15 feet; thence North 26°26’57” East a distance of 550.47 feet; thence South 88°50’23” East a distance of 572.43 feet to the Point of Beginning.

Tract 3 (Sayre Additional Property)
A tract of land being part of the Southeast Quarter (SE/4) of Section Fourteen (14) and a part of the Northeast Quarter (NE/4) of Section Twenty-three (23), Township Ten (10) North, Range Twenty-three (23) West of the Indian Meridian, Beckham County, Oklahoma, according to the U.S. Government Survey thereof, and lying adjacent to and South and East of the present Easterly Right-of-Way line of Interstate Highway No. 40, said tract being more particularly described by metes and bounds as follows:
Commencing at the Northeast corner of the Northeast Quarter (NE/4) of said Section 23; thence North 89°08’58” West along the North line of said Section 23 a distance of 678.35 feet to the Point of Beginning; thence South 26° 26’57” West a distance of 361.62 feet; thence North 88°29’25” West a distance of 350.74 feet to a point on the present Easterly Right-of-Way line of Interstate Highway No. 40; thence Northeasterly along said right-of-way line on a curve to the right (the chord of which bears North 39°39’48” East, a chord length of 413.36 feet), having a radius of 5504.58 feet, on an arc length of 413.46 feet to a point on the North line of said Section 23; thence continuing Northeasterly along said right-of-way line on a curve to the right, (the chord of which bears North 42° 41’48” East, a chord length of 169.40 feet), having a radius of 5504.58 feet, an arc length of 169.41 feet; thence South 49°06°54” East a distance of 181.89 feet; thence South 26°26’57” West a distance of 10.19 feet to the Point of Beginning.
Said Tracts 1, 2 and 3, when combined, form the following surveyed legal description:

A tract of land lying in a part of the Southeast Quarter (SE/4) of Section Fourteen (14), and a part of the Northeast Quarter (NE/4) of Section Twenty-Three (23), all of which being in Township Ten (10) North, Range Twenty-three (23) West of the Indian Meridian, Beckham County, Oklahoma, and lying South and East of the present Interstate Highway No. 40,  said tract being more particularly described by metes and bounds as follows:
COMMENCING at the northeast corner of the Northeast Quarter of said Northeast Quarter (NE/4) of Section (23);
THENCE South 01°05'45" West along the east line of said Northeast Quarter, a distance of 67.47 feet to the POINT OF BEGINNING;
THENCE continuing South 01°05'45" West along the east line of said Northeast Quarter, a distance of 756.51 feet;
THENCE North 89°08'58" West, a distance of 1534.73 feet to a point on the present easterly right-of-way line of Interstate Highway No. 40; 
THENCE Northeasterly along said present easterly right-of-way line of Interstate Highway No. 40 the following five (5) courses:
1. North 35°42'52" East a distance of 440.95 feet;
2. Northeasterly along a curve to the right having a  radius of 5,504.58 feet (said curve subtended by a chord which bears North 40°40'13" East a distance of 951.00 feet) for an arc distance of 952.19 feet;
3. North 59°31'32" East a distance of 341.66 feet;
4. North 71°37'53" East a distance of 290.10 feet;
5. South 67°16'41" East a distance of 50.46 feet;

Thence South 05°06'41" East a distance of 191.05 feet to a point 45.00 feet west of the east line of the Southeast Quarter of said Section Fourteen (14);
THENCE South 00°53'45" West, 45.00 feet west of and parallel with the east line of said Southeast Quarter, a distance of 332.57 feet;
THENCE South 09°00'58" East a distance of 68.34 feet to a point 33.00 feet west of the east line of the Northeast Quarter of said Section Twenty-three (23);
THENCE South 88°54'15" East, perpendicular to said east line, a distance of 33.00 feet to the POINT OF BEGINNING.

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