Document:

ex_170816.htm

EXHIBIT 10.34

 

 

Addendum No. 1 to Shipbuilding Contract (Hull No. 316)  

 

This Addendum No. 1 (hereinafter called the “Addendum No.1”) to the Shipbuilding Contract for one Exploration Cruise Vessel (Hull No. 316) (hereafter called the “Vessel”) is made and entered into this 6th day of December, 2019 by and between:

 

	
			(A)

				
			Lindblad Bluewater II Limited (hereinafter called the “Buyer”); and

			

 

	
			(B)

				
			Ulstein Verft AS (hereinafter called the “Builder”).

			

 

(each a “Party” and together, the “Parties”).

 

WHEREAS

 

	
			(A)

				
			By a Shipbuilding Contract dated 25th February 2019 made between the Buyer and the Builder, as novated, amended and supplemented from time to time (hereafter called the “Shipbuilding Contract”), the Builder agreed to build and deliver to the Buyer and the Buyer agreed to purchase and take delivery of the Vessel pursuant to the terms of the Shipbuilding Contract.

			

 

	
			(B)

				
			The Builder has entered into a loan agreement (hereafter called the “Loan Agreement”) with Lindblad Maritime Enterprises, Ltd., an entity related to the Buyer (hereafter called the “Lender”), on or about the date hereof, pursuant to which the Lender has agreed to make available to the Builder a loan in an original amount of $4,000,000.00 and in certain circumstances an additional loan in an amount of $2,500,000.00 (together referred to as the “Loan”).

			

 

NOW THEREFORE, for various good and valuable considerations, receipt and sufficiency thereof being hereby expressly acknowledged by each of the Parties hereto, the Parties hereto do mutually agree and confirm to each other as follows:

 

	
			1.

				
			As provided in the Loan Agreement, in the event that the Builder (i) gives notice of its intent to deliver the Vessel on or prior to June 1, 2021 (which such notice must be received by the Buyer and the Lender by no later than May 30, 2020) (such notice hereafter called an “Early Delivery Notice”) and (ii) delivers the Vessel to the Buyer on or prior to June 1, 2021 (the date being adjusted for any Permissible Delay in the construction of the Vessel, as defined and otherwise provided for in the Shipbuilding Contract), the Loan, together with all accrued and unpaid interest and any other amounts due under the Loan Agreement, shall cease to be payable as further set out therein.

			

 

	
			2.

				
			Notwithstanding anything to the contrary in the Shipbuilding Contract, if the Builder delivers an Early Delivery Notice, the Contract Delivery Date (under and as defined in the Shipbuilding Contract) will be deemed to be the date set forth in such Early Delivery Notice and any and all penalties and/or liquidated damages shall be in accordance with the Shipbuilding Contract (including by reference to the revised Contract Delivery Date).

			

 

	
			3.

				
			If the Loan has become due and payable pursuant to Section 7 of the Loan Agreement, the Builder hereby acknowledges that the Buyer is authorized to set off and apply all amounts due and payable by the Builder to the Lender under the Loan Agreement against the instalment payable by Buyer on Delivery and Acceptance of the Vessel under the Shipbuilding Contract.

			

	
			4.

				
			This Addendum No. 1 constitutes an integral part of the Shipbuilding Contract. If the terms of the Shipbuilding Contract are in conflict with this Addendum No. 1, the terms of this Addendum No. 1 shall prevail. Save as amended by this Addendum No.1, all other terms and/or conditions of the Shipbuilding Contract shall remain unaltered and in full force and effect.

			

 

	
			5.

				
			This Addendum No.1 shall become effective after due execution by authorized representatives of parties hereto.

			

 

IN WITNESS WHEREOF the Parties hereto have caused this Addendum No.1 duly executed by their duly authorized officers or attorneys-in-fact on the day and year first above written.

 

	For and on behalf of	 	For and on behalf of
	Lindblad Bluewater II Limited	 	 Ulstein Verft AS
	By: /s/ Craig Felenstein          	 	By: /s/ Lars Lühr Olsen          
	Name: Craig Felenstein	 	Name: Lars Lühr Olsen
	Title: Chief Financial Officer 	 	Title: Managing Directorcapl-ex41_128.htm

Exhibit 4.1

CROSSAMERICA PARTNERS LP

DESCRIPTION OF COMMON UNITS

The common units of CrossAmerica Partners LP (“us”, “we”, “our” or the “Partnership”) are listed on the New York Stock Exchange under the symbol “CAPL” (the “common units”). All outstanding common units are validly issued, fully paid, and nonassessable.

The following description of the terms of our common units is not complete and is qualified in its entirety by reference to our Certificate of Limited Partnership of Lehigh Gas Partners LP, as amended, and our Second Amended and Restated Agreement of Limited Partnership(the “Partnership Agreement”), both of which are filed as exhibits to our Annual Report on Form 10-K for the fiscal year ended December 31, 2019.

The Units

The common units represent limited partner interests in us. The holders of units are entitled to participate in distributions and exercise the rights or privileges available to limited partners under our Partnership Agreement.

Voting

Holders of the common units have limited voting rights on matters affecting our business and have no right on an annual or ongoing basis to elect or remove the members of the Board of Directors of our General Partner (the “Board”). Our General Partner has the right to appoint and remove all members of the Board.

Further, our Partnership Agreement restricts the voting rights of holders of common units by providing that any units held by a person or group that owns 20% or more of any class of units then outstanding, other than our General Partner and its affiliates, their transferees and persons who acquired such units with the prior approval of the Board, cannot vote on any matter.

Liquidation

Upon our liquidation, the partners, including our General Partner, is entitled to receive liquidating distributions according to their particular capital account balances.

Cash Distribution

The General Partner may adopt a cash distribution policy, which it may change from time to time without amendment to the Partnership Agreement. Distributions are made to the holders of common units, pro rata, as and when declared by the General Partner. Each distribution will be paid by the Partnership, directly or through any transfer agent or through any other person or agent, only to the record holder of such Partnership interest as of the distribution. Such payment constitutes full payment and satisfaction of the Partnership’s liability in respect of such payment, regardless of any claim of any person who may have an interest in such payment by reason of an assignment or otherwise.

In the event of the dissolution and liquidation of the Partnership, all Partnership assets shall be applied and distributed solely in accordance with, and subject to the terms and conditions of, the Partnership Agreement. 

Transfer Agent and Registrar

Duties

American Stock Transfer & Trust Company, LLC serves as registrar and transfer agent for the common units. We pay all fees charged by the transfer agent for transfers of common units, except the following that must be paid by unitholders:

 

	
 
	
•
	
 
	
surety bond premiums to replace lost or stolen certificates, taxes and other governmental charges;

 

	
 
	
•
	
 
	
special charges for services requested by a holder of a common unit; and

 

 

 

	
 
	
•
	
 
	
other similar fees or charges.

There will be no charge to unitholders for disbursements of our cash distributions. We will indemnify the transfer agent, its agents and each of their stockholders, directors, officers and employees against all claims and losses that may arise out of acts performed or omitted for its activities in that capacity, except for any liability due to any gross negligence or intentional misconduct of the indemnified person or entity.

Resignation or Removal

The transfer agent may resign, by notice to us, or be removed by us. The resignation or removal of the transfer agent will become effective upon our appointment of a successor transfer agent and registrar and its acceptance of the appointment. If no successor is appointed, our General Partner may act as the transfer agent and registrar until a successor is appointed.

Transfer of Common Units

Upon the transfer of a common unit in accordance with our Partnership Agreement, the transferee of the common unit shall be admitted as a limited partner with respect to the common units transferred when such transfer and admission are reflected in our books and records. Each transferee:

 

	
 
	
•
	
 
	
represents that the transferee has the capacity, power and authority to become bound by our Partnership Agreement;

 

	
 
	
•
	
 
	
automatically becomes bound by the terms and conditions of our Partnership Agreement; and

 

	
 
	
•
	
 
	
gives the consents, waivers and approvals contained in our Partnership Agreement.

Our General Partner will cause any transfers to be recorded on our books and records no less frequently than quarterly.

We may, at our discretion, treat the nominee holder of a common unit as the absolute owner. In that case, the beneficial holder’s rights are limited solely to those that it has against the nominee holder as a result of any agreement between the beneficial owner and the nominee holder.

Common units are securities and any transfers are subject to the laws governing the transfer of securities. In addition to other rights acquired upon transfer, the transferor gives the transferee the right to become a substituted limited partner in our Partnership for the transferred common units.

Until a common unit has been transferred on our books, we and the transfer agent may treat the record holder of the common unit as the absolute owner for all purposes, except as otherwise required by law or stock exchange regulations.

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