SEC Contract Filing

Filing Date: 2015-07-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.24
<SEQUENCE>16
<FILENAME>f8k070715ex10xxiv_capitolacq.htm
<DESCRIPTION>LINDBLAD 2012 STOCK INCENTIVE PLAN.
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit 10.24</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">LINDBLAD EXPEDITIONS,
INC.&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">_____</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2012 INCENTIVE STOCK PLAN</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">Section 1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purpose</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.8in; text-align: justify">The purpose of the Lindblad Expeditions, Inc.
2012 Incentive Stock Plan (the &ldquo;Plan&rdquo;) is to promote the best interests of Lindblad Expeditions, Inc. (together with
any successor thereto, the &ldquo;Company&rdquo;) and its Subsidiaries (if any), as defined in Section 424 of the Internal Revenue
Code of 1986, as amended (the &ldquo;Code&rdquo;), and any entities of which at least fifty percent (50%) of the equity interest
is held directly or indirectly by the Company (together &ldquo;Affiliates&rdquo;), by encouraging and providing for the acquisition
of an equity interest in the success of the Company by the Company&rsquo;s officers, employees, non-employee members of the Board
of Directors and certain consultants and advisors and by enabling the Company and its Affiliates to attract and retain the services
of such individuals upon whose judgment, interest, skills, and special effort the successful conduct of their operations is largely
dependent.</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Section 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective Date</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.8in; text-align: justify">The Plan shall become effective as of November
15, 2012 (the &ldquo;Effective Date&rdquo;), subject, however, to the approval of the Plan by the Company&rsquo;s stockholders
within twelve (12) months before or after the date of adoption of the Plan by the Board of Directors of the Company (the &ldquo;Board&rdquo;).
To the extent that any awards are made under the Plan prior to its approval by stockholders, they shall be contingent on approval
of the Plan by the Company&rsquo;s stockholders.</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0pt; text-align: justify">Section 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administration</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.8in; text-align: justify">The Plan shall be administered by the Board.
The Board may allocate all or any portion of its responsibilities to any one or more of its members and may delegate all or any
part of its responsibilities and powers to a committee of the Board consisting of at least two members or to any person or persons
selected by it, except to the extent prohibited by applicable law or the applicable rules of a stock exchange or market. Any such
allocation or delegation may be revoked by the Board at any time. Subject to the express provisions of the Plan, the Board shall
have complete authority, in its discretion, to determine those individuals to whom awards shall be granted. In making such determinations,
the Board may take into account the nature of the services rendered by the respective individuals, their present and potential
contributions to the success of the Company, and such other factors as the Board in its discretion shall deem relevant. Subject
to the express provisions of the Plan, the Board shall also have complete authority to determine the types of awards and the number
of shares covered by the awards, to interpret the Plan, to prescribe, amend and rescind rules and regulations relating to the Plan,
to determine the terms, conditions, performance criteria, restrictions and other provisions of such awards (which need not be identical
among participants) and to make all other determinations necessary or advisable for the administration of the Plan. The Board&rsquo;s
determinations on the matters referred to in this paragraph shall be conclusive.</P>

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