Document:

Amendment No. 1 to the Credit Agreement

   Exhibit 10.1

AMENDMENT NO. 1 TO THE
 CREDIT AGREEMENT

	 Dated as of March 15, 2010
	  

AMENDMENT NO. 1 TO THE CREDIT AGREEMENT (this "Amendment")among Allure of
the Seas Inc., a Liberian corporation (the "Borrower"), Royal Caribbean Cruises Ltd., a Liberian corporation (the "Guarantor" and, together with the
Borrower, the "Loan Parties"), the various financial institutions as are parties to the Credit Agreement referred to below (collectively, the "Lenders"),
and Skandinaviska Enskilda Banken AB (publ), as administrative agent (in such capacity, the "Administrative Agent") for the Lenders.

PRELIMINARY STATEMENTS:

(1)       The Loan Parties, the Lenders and the Administrative Agent have entered into a Credit Agreement, dated
as of March 15, 2010 (the "Credit Agreement"). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement.

(3)      The Loan Parties have requested and the Required Lenders have agreed that the Credit Agreement be amended,
upon the terms and subject to the conditions set forth herein, and Finnvera has consented to such amendment. 
 NOW THEREFORE, in
consideration of the premises and the mutual agreements contained herein, and for other valuable consideration the receipt of which is hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1. Amendment. Effective as of the date hereof, Schedule I of the Credit Agreement is hereby
amended and restated in full to read as set forth in Exhibit A hereto.
 SECTION 2.
Conditions to Effectiveness. This Amendment shall become effective as of the date first above written when, and only when, (i) Finnvera has consented to this Amendment and delivered a duly authorized
and executed signature page to the Administrative Agent or its counsel evidencing such consent and (ii) the Loan Parties and the Required Lenders have delivered a duly authorized and executed signature page to this Amendment to the Administrative
Agent or its counsel.
 SECTION 3. Reference to and Effect on the Loan Documents. (a) On and
after the Restatement Effective Date, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Credit Agreement, and each reference in the Notes, the Pledge Agreement and the Finnvera
Guarantee to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended hereby.

(b)       The Credit Agreement and the Finnvera Guarantee, as specifically amended by this Amendment, are and
shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.
  

 
 

(c)       The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided
herein, operate as a waiver of any right, power or remedy of any Lender, Finnvera or the Administrative Agent under the Credit Agreement or the Finnvera Guarantee or constitute a waiver of any provision of the Credit Agreement or the Finnvera
Guarantee.
 SECTION 4. Costs and Expenses. The Guarantor agrees to pay on demand all
reasonable costs and expenses of the Administrative Agent, the Lenders and Finnvera in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment (including, without limitation, the
reasonable fees and expenses of counsel for the Administrative Agent) in accordance with the terms of Section 12.3 of the Credit Agreement.

SECTION 5. Execution in Counterparts. This Amendment may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment.

SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK.
  
 [The remainder of this page intentionally
left blank.]
  
  

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of
the date first above written.
 ALLURE OF THE SEAS INC., as Borrower

 
 By: /s/ Antje M.
Gibson
 Title: Vice President and Treasurer

 
 ROYAL CARIBBEAN CRUISES LTD., as
Guarantor
  
 By: /s/ Antje
M. Gibson
 Title: Vice President of Treasury
  

 
  
	 NYDOCS03/905268
	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 
 

 
 
 

 
 SKANDINAVISKA ENSKILDA BANKEN AB (publ), as
Administrative Agent
  
 By:
/s/ David Lockie
 Title: Legal Counsel

 
 By: /s/
Egil Aarrestad
 Title: Senior Client Executive

 
  
  
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 
 

 
 
 

 
 SKANDINAVISKA ENSKILDA BANKEN AB (PUBL), as Lender

  
 By: /s/ David
Lockie
 Title: Legal Counsel

 
 By: /s/
Egil Aarrestad
 Title: Senior Client Executive

 
  
 

  
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 
 

 
 
 

 
 NORDEA BANK FINLAND, NEW YORK BRANCH, as
Lender
  
 By: /s/
Colleen Durkin
 Title: First Vice President

 
 By: /s/
Martin Lunder
 Title: Senior Vice President
  

 
  
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 
 

 
 

FORTIS BANK SA/NV, as Lender
  

By: /s/ Tim Lamey

Title: Head of Nordic ECA origination

 
 By: /s/
Michel Froidebise
 Title: Executive Director Nordic origination

 
  
  
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 
 

 
 

CITIBANK EUROPE PLC, as Lender
  

By: /s/ Chris Perrins

Title: Vice President
  

 
  
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 
 

 
 

Referring to Clause 4.10 of the General Conditions for Buyer Credit Guarantees, dated 1 March 2004 (the "General Conditions
"), applicable to the Finnvera Guarantee, Finnvera hereby, without prejudice to Clause 4.2 of the General Conditions, gives its consent to this Amendment to the Credit Agreement.

 
 FINNVERA PLC

 
 By: /s/ Tuukka
Andersen
 Title: Vice President

 
 By: /s/
Tiina Tuominen
 Title: Senior Legal Counsel
  

 
  
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 
 

 
 

Exhibit A

to Amendment No. 1 to the Credit Agreement

 
 SCHEDULE I

DISCLOSURE SCHEDULE
      Item 6.9 (b):
Vessels
  
 
	
Vessel
	
Owner
	
Flag

	
Sovereign 
	
Pullmantur Cruises Sovereign Limited
	
Malta

	
Empress 
	
Pullmantur Cruises Empress Limited
	
Malta

	
Monarch of the Seas
	
Monarch of the Seas Inc.
	
Bahamas

	
Majesty of the Seas
	
Majesty of the Seas Inc.
	
Bahamas

	
Grandeur of the Seas
	
Grandeur of the Seas Inc.
	
Bahamas

	
Rhapsody of the Seas
	
Rhapsody of the Seas Inc.
	
Bahamas

	
Enchantment of the Seas
	
Enchantment of the Seas Inc.
	
Bahamas

	
Vision of the Seas
	
Vision of the Seas Inc.
	
Bahamas

	
Voyager of the Seas
	
Voyager of the Seas Inc.
	
Bahamas

	
Pacific Dream 
	
Pullmantur Cruises Pacific Dream Limited
	
Malta

	
Zenith
	
Pullmantur Cruises Zenith Ltd.
	
Malta

	
Celebrity Century 
	
Blue Sapphire Marine Inc.
	
Bahamas

	
Mariner of the Seas
	
Mariner of the Seas Inc.
	
Bahamas

	
Celebrity Mercury
	
Seabrook Maritime Inc.
	
Bahamas

	
Celebrity Millennium
	
Millennium Inc.
	
Malta

	
Explorer of the Seas
	
Explorer of the Seas Inc.
	
Bahamas

	
Celebrity Infinity
	
Infinity Inc.
	
Malta

	
Radiance of the Seas
	
Radiance of the Seas Inc.
	
Bahamas

	
Celebrity Summit 
	
Summit Inc.
	
Malta

	
Adventure of the Seas
	
Adventure of the Seas Inc.
	
Bahamas

	
Navigator of the Seas
	
Navigator of the Seas Inc.
	
Bahamas

	
Celebrity Constellation 
	
Constellation Inc.
	
Malta

	
Serenade of the Seas
	
Serenade of the Seas Inc.
	
Bahamas

	
Jewel of the Seas
	
Jewel of the Seas Inc.
	
Bahamas

	
Celebrity Xpedition
	
Islas Galapagos Turismo y Vapores CA
	
Ecuador

	
Legend of the Seas
	
Legend of the Seas Inc.
	
Bahamas

	
Splendour of the Seas
	
Splendour of the Seas Inc.
	
Bahamas

  

 
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 

  
 

 
 
	
Vessel
	
Owner
	
Flag

	
Freedom of the Seas
	
Freedom of the Seas Inc.
	
Bahamas

	
Azamara Journey 
	
Azamara Journey Inc.
	
Malta

	
Azamara Quest
	
Azamara Quest Inc.
	
Malta

	
Sky Wonder
	
Pullmantur Cruises Sky Wonder, Ltd.
	
Malta

	
Bleu de France
	
CDF Bleu de France Limited 
	
Malta

	
Liberty of the Seas
	
Liberty of the Seas Inc.
	
Bahamas

	
Ocean Dream
	
Pullmantur Cruises Atlantic Ltd.
	
Malta

	
Independence of the Seas
	
Independence of the Seas Inc.
	
Bahamas

	
Celebrity Solstice
	
Celebrity Solstice Inc.
	
Malta

	
Celebrity Equinox
	
Celebrity Equinox Inc.
	
Malta

	
Oasis of the Seas
	
Oasis of the Seas Inc.
	
Bahamas

  

 
    Item 6.10: Subsidiaries

 
 
	
Name of the Subsidiary
	
Jurisdiction of Organization

	
Jewel of the Seas Inc.*
	
Liberia

	
Sovereign of the Seas Shipping Inc.
	
Liberia

	
Nordic Empress Shipping Inc.
	
Liberia

	
Majesty of the Seas Inc.*
	
Liberia

	
Monarch of the Seas Inc.*
	
Liberia

	
Admiral Management Inc.
	
Liberia

	
GG Operations Inc.
	
Delaware

	
Island for Science Inc.
	
Indiana

	
Labadee Investments Ltd.
	
Cayman Islands

	
Societe Labadee Nord, S.A.
	
Haiti

	
Royal Caribbean Cruise Line A/S
	
Norway

	
Royal Caribbean Merchandise Inc.
	
Florida

	
Eastern Steamship Lines Inc.
	
Liberia

	
Grandeur of the Seas Inc.*
	
Liberia

	
Enchantment of the Seas Inc.*
	
Liberia

	
Rhapsody of the Seas Inc.*
	
Liberia

	
Vision of the Seas Inc.*
	
Liberia

  

 
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 

  
 

 
 
	
Name of the Subsidiary
	
Jurisdiction of Organization

	
Voyager of the Seas Inc.*
	
Liberia

	
Explorer of the Seas Inc.*
	
Liberia

	
Royal Celebrity Tours Inc.
	
Delaware

	
White Sand Inc.
	
Liberia

	
Radiance of the Seas Inc.*
	
Liberia

	
Adventure of the Seas Inc.*
	
Liberia

	
RCL (UK) Ltd.
	
U.K.

	
Navigator of the Seas Inc.*
	
Liberia

	
Northwest Adventures Inc.
	
Delaware

	
Serenade of the Seas Inc.*
	
Liberia

	
Royal Beverage Cruise Sales LLC
	
Delaware

	
Mariner of the Seas Inc.*
	
Liberia

	
Beverage Cruise Sales LLC
	
Texas

	
Celebrity Cruise Lines Inc.
	
Cayman Islands

	
Celebrity Cruises Holdings Inc.
	
Liberia

	
Seabrook Maritime Inc.*
	
Liberia

	
Esker Marine Shipping Inc. 
	
Liberia

	
Blue Sapphire Marine Inc.*
	
Liberia

	
Fantasia Cruising Inc. 
	
Liberia

	
Celebrity Cruises Inc.
	
Liberia

	
Zenith Shipping Corporation 
	
Liberia

	
Millennium Inc.*
	
Liberia

	
Infinity Inc.*
	
Liberia

	
Summit Inc.*
	
Liberia

	
Constellation Inc.*
	
Liberia

	
Galapagos Cruises Inc. 
	
Liberia

	
Islas Galapagos Turismo y Vapores C.A.*
	
Ecuador

	
Cape Liberty Cruise Port LLC
	
Delaware

	
Legend of the Seas Inc.*
	
Liberia

	
Splendour of the Seas Inc.*
	
Liberia

	
RCL Investments Ltd. 
	
U.K.

	
Tenth Avenue Holdings, S.A. de C.V.
	
Mexico

	
The Scholar Ship Program LLC
	
Delaware

  

 
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 

  
 

 
 
	
Name of the Subsidiary
	
Jurisdiction of Organization

	
Royal Caribbean Cruises Espana S.L.
	
Spain

	
Puerto de Cruceros y Marina de las Islas de la Bahia, S.A. de CV.
	
Honduras

	
Freedom of the Seas Inc.*
	
Liberia

	
RCL Holdings Cooperatief U.A. 
	
The Netherlands

	
Pullmantur S.A.
	
Spain

	
Pullmantur Cruises, S.L.
	
Spain

	
Pullmantur Cruises Oceanic Ltd.
	
Malta

	
Pullmantur Cruises Blue Dream Ltd.
	
Malta

	
Pullmantur Cruises Blue Moon, Ltd.
	
Malta

	
Pullmantur Cruises Sky Wonder, Ltd.*
	
Malta

	
CDF Bleu de France Limited*
	 Malta

	
Pullmantur Cruises Ship Management Ltd.
	
Malta

	
Pullmantur Ship Management Ltd.
	
Bahamas

	
Pullmantur -Turismo E Viagens Unipessoal, LDA.
	
Portugal

	
Royal Caribbean Holdings de Espana S.L. 
	
Spain

	
Royal Caribbean Cruises (Asia) Pte. Ltd
	
Singapore

	
Azamara Journey Inc.*
	
Liberia

	
Azamara Quest Inc.*
	
Liberia

	
Pullmantur Cruises Zenith Limited*
	
Malta

	
Pullmantur Cruises Empress Limited*
	
Malta

	
Pullmantur Cruises Atlantic Limited*
	
Malta

	
Liberty of the Seas Inc.*
	
Liberia

	
CDF Croisieres de France S.A.S.
	
France

	
RCL Holdings St. Lucia Limited
	
St. Lucia

	
St. Kitts Development Company Limited
	
St. Lucia

	
Independence of the Seas Inc.*
	
Liberia

	
St. Maarten Quarter Development Company N.V.
	
St. Maarten

	
Celebrity Solstice Inc.*
	
Liberia

	
Oasis of the Seas Inc.*
	
Liberia

	
Royal Caribbean Cruzeiros (Brasil) Ltda.
	
Brazil

	
Celebrity Eclipse Inc.
	
Liberia

	
Celebrity Equinox Inc.*
	
Liberia

	
Celebrity Solstice IV Inc.
	
Liberia

  

 
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	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1

 

  
 

 
 
		
Name of the Subsidiary
	
Jurisdiction of Organization
	
	  
	
Celebrity Solstice V Inc.
	
Liberia
	  

	  
	
Cruises Turismo Mexico, S.A. de C.V.
	
Mexico
	  

	  
	
Pullmantur Cruises Pacific Dream Limited*
	
Malta
	  

	  
	
Pullmantur Cruises Sovereign Limited*
	
Malta
	  

	  
	
Royal Caribbean Cruises (Australia) Pty. Ltd.
	
Australia 
	  

	  
	
Sunshine Cruise Holidays Ltd.
	
U.K.
	  

	  
	
Falmouth Development Company Limited
	
St. Lucia
	  

	  
	
Falmouth Land Company Limited
	
St. Lucia
	  

	  
	
Falmouth Port Company Limited
	
St. Lucia
	  

	  
	
Falmouth Jamaica Development Company Limited
	
Jamaica
	  

	  
	
Falmouth Jamaica Land Company Limited
	
Jamaica
	  

	  
	
Falmouth Jamaica Port Company Limited
	
Jamaica
	  

	  
	
Allure of the Seas Inc.
	
Liberia
	  

	  
	
Cruise 1st Australia Pty Ltd.
	
Australia
	  

	  

* Shipholding companies
	  

					

  
  

 
  
  
	 NYDOCS03/905268
	 RCCL ALLURE CREDIT AGREEMENT AMENDMENT NO. 1Termination of Lease Agreement

 Exhibit 10.2
  

 
  
  

 
  
  

TERMINATION OF LEASE AGREEMENT
  

This TERMINATION OF LEASE AGREEMENT (the "Agreement") is made by and between the City of Wichita, Kansas, a municipal corporation, of Sedgwick
County, Kansas (the "City"), and Royal Caribbean Cruises Ltd., organized under the laws of Liberia and qualified to conduct its business in the State of Kansas (the "Tenant"). Unless a definition is otherwise provided in this Agreement, the
capitalized terms used in this Agreement shall have the same meanings ascribed to them in the Lease as defined below.
  

WITNESSETH
  

WHEREAS, the City has previously issued its Industrial Revenue Bonds, Series XI, 1997 (the "Bonds"), in the aggregate
original principal amount of $6,000,000, for the purpose of acquiring, purchasing, constructing and equipping a telephone reservation center in an existing facility located in the City of Wichita, Kansas, such machinery and equipment being
hereinafter referred to as the "Project"); and 
  

WHEREAS, the Bonds were issued pursuant to Ordinance No. 43-641 passed and approved by the governing body of the City on
November 25, 1997 (the "Ordinance"); and 
  

WHEREAS, in connection with the issuance of the Bonds, the City, as lessor (the "Issuer"), and Royal Caribbean Cruises
Ltd. as lessee (the "Tenant"), entered into a Lease Agreement dated as of December 1, 1997 (the "Lease"), a notice of which was filed of record at Film 1744, Page 2558 in the records of the Sedgwick County Register of Deeds;

 
 WHEREAS, the Tenant has paid in full, on
January 1, 2008 all of the outstanding Bonds pursuant to terms of the Ordinance, and in accordance with the terms of the Lease, the Basic Term of the Lease expired upon such payment; and 

 
 WHEREAS, concurrently upon the payment in
full of all of the Bonds, the Lease is declared null and void and the Tenant requests that the City convey title to the Project to Royal Caribbean Cruises Ltd., following payment of the sum of $1,000 required by Section 16.2(ii) of the
Lease;
  
  

 NOW, THEREFORE, THE CITY DOES HEREBY STATE AND DECLARE that as of the date of delivery hereof the Lease and the
Notice thereof shall terminate and be of no further force and effect. The property located in Sedgwick County, Kansas, affected by the Lease and this Termination of Lease is described in Schedule I
attached hereto and incorporated herein by reference. 
  

IN WITNESS WHEREOF, the parties named above have caused this Termination of Lease to be duly executed in their respective
names and have caused their respective corporate seals to be hereunto affixed and attested by their duly authorized officers, as of February 26, 2010.

 
 
	  
	 CITY OF WICHITA, KANSAS

 
 
	  
	 By /s/ Carl
Brewer

 
	  
	 Carl Brewer, Mayor

 
  
 [SEAL]

  
 ATTEST: 

 
 
	  
	 /s/ Karen Sublett, MMC 

Karen Sublett, City Clerk
  

ACKNOWLEDGMENT
  
 
	 STATE OF KANSAS
	 )

 
	  
	 ) ss: 

 
	 SEDGWICK COUNTY
	 )

 
 On this 26th day of
Feb, 2010 before me, the undersigned, a Notary Public in and for said State, came Carl Brewer and Karen Sublett, to me personally known to be the Mayor and
City Clerk, respectively, of the City of Wichita, Kansas, and said Mayor and City Clerk acknowledged that they executed the foregoing instrument in writing as the free act and deed of said City. 

 
 IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my
notarial seal the day and year last above written. 
  
 
	  
	 /s/ Deborah A. Tadlock

	  
	 Notary Public

[SEAL]
  

My Appointment Expires:
  

7-19-12
  

 
 
  

	  
	 ROYAL CARIBBEAN CRUISES, LTD.

 
  
 
	  
	 By /s/ Maria R. Del
Busto

  
  

 
  

ACKNOWLEDGMENT
  
 
	 STATE OF FLORIDA
	 )

 
	  
	 ) ss:

	MIAMI-DADE COUNTY	)

  
  

On this 26th day of March,
2010 before me, the undersigned, a Notary Public in and for said State, personally appeared Maria Del Busto, to me personally known, who, being by me duly
sworn, did say that they are the representative of Royal Caribbean Cruises, Ltd., and had signed the foregoing instrument in writing on behalf of said company as the free act and deed of said company.

 
 IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my
notarial seal the day and year last above written. 
  
 
	  
	 /s/ Maray Leal

 
	  
	 Notary Public

 
 [SEAL]

 
 My Appointment Expires:

 
 October 19, 2012

 
  
 

  
  

ROYAL CARIBBEAN CRUISES LTD.
  

SCHEDULE I
  

SCHEDULE I TO THE TRUST INDENTURE OF THE CITY OF WICHITA, KANSAS, AND INTRUST BANK, N.A., WICHITA, KANSAS, AS TRUSTEE, DATED AS OF DECEMBER 1, 1997 AND TO THE LEASE DATED AS OF
DECEMBER 1, 1997 BY AND BETWEEN SAID CITY AND ROYAL CARIBBEAN CRUISES LTD.
  

PROPERTY SUBJECT TO LEASE
  

THE IMPROVEMENTS
  

(a) The following described real property located in Sedgwick County, Kansas to wit:

 
 Lots 1, 2 and 3, Rock Island Industrial Park Addition,
Wichita, Sedgwick County, Kansas.
  

(b) All buildings, improvements, machinery, equipment and furnishings purchased with the proceeds of the Bonds and located on any of the
above-described real property, and more specifically described as follows:
  

A 23,000 square foot facility to be used as an auxiliary reservations call center.

 
 The property
interests described in paragraphs (a) and (b) of this Schedule I constitute the "Project"
 as referred to in said Lease
and said Indenture.

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