Contract
Exhibit 10.9
[*]: THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION.
ADDENDUM NO. 1
TO THE SHIPBUILDING CONTRACT
HULL NO. [*]
DATED 14 SEPTEMBER 2012
between
XXXXX WERFT GMBH, a company organised and existing under the laws of Germany, and having its principal office at Xxxxxxxxxxxxxxx Xxx, X-00000 Xxxxxxxxx, Xxxxxxx (the “Builder”); and
BREAKAWAY THREE, LTD., a company incorporated in Bermuda and having its registered office at Xxxxxxxxxx Xxxxx, 0xx Xxxxx, I Victoria Street, Xxxxxxxx HM11, Bermuda (the “Buyer”); and
NCL CORPORATION LTD., a company incorporated in Bermuda having its registered office at Xxxxxxxxxx Xxxxx, 0xx Xxxxx, 1 Victoria Street, Xxxxxxxx HM11, Bermuda (“NCLC”).
Whereas, the Contract provides that payment of the first installment of the Contract Price shall be made to the Builder within [*] days after the Effective Date.
Whereas, the parties desire to amend the due date for payment of the first installment of the Contract Price.
Now, therefore, in consideration of the premises, and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties agree as follows:
1. | Article 8, Clause 2.1(i) of the Contract is herewith amended as follows: |
[*] after the Buyer has received written evidence acceptable to it (acting reasonably) that the Hermes Cover is in full force and effect on terms that enable it to borrow the first tranche of the loans relating to the Buyer’s acquisition of the Ship
2. | The following new definitions are herewith inserted into Schedule 1 of the Contract: |
“Hermes” shall mean the Federal Republic of Germany represented by the Federal Ministry of Economics and Technology (Bundesministerium für Wirtschaft und Technologie) represented by Euler Hermes Kreditversicherungs-AG and PriceWaterhouseCoopers Wirtschaftsprüfungsgesellschaft AG.
Exhibit 10.9
[*]: THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION.
“Hermes Cover” shall mean the export credit guarantee (Exportkreditgarantie) on the terms of Hermes’ Declaration of Guarantee (Gewährleistungs-Erklärung) for [*] of the principal amount of the loans relating to the Buyer’s acquisition of the Ship, and any interests and secondary financing costs of the Federal Republic of Germany acting through Euler Hermes Kreditversicherungs-AG for the period of such loans.
3. | Words and expressions defined in the Contract shall have the same meanings when used herein. |
4. | Except as set forth in this Addendum No. 1, the Contract shall remain unchanged and this Addendum No. 1 shall be treated as an integral part of the Contract. |
IN WITNESS WHEREOF, the Builder, the Buyer and NCLC have duly executed this Addendum No. 1.
/s/ signature illegible
For and on behalf of Xxxxx Werft GmbH
October 10, 2012
/s/ Xxxxx X. Xxxx
For and on behalf of Breakaway Three, Ltd.
October 12, 2012
/s/ Xxxxx X. Xxxx
For and on behalf of NCL Corporation Ltd.
October 12, 2012
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