JOINDER TO SHAREHOLDERS’ AGREEMENT
Exhibit 4.53
JOINDER TO SHAREHOLDERS’ AGREEMENT
THIS JOINDER (this “Joinder”) to that certain Shareholders’ Agreement (as amended and
supplemented from time to time, the “Agreement”) dated as of August 17, 2007, by and among
NCL CORPORATION LTD., a company organized under the laws of Bermuda (the “Company”), NCL
INVESTMENT LTD., a company organized under the laws of Bermuda (the “Investor”), and STAR
CRUISES LIMITED, a company continued into Bermuda (“SCL”), is made and entered into as of
January 7, 2008 by and between the Company and NCL INVESTMENT II LTD., a company organized under
the laws of the Cayman Islands (“Holder”). Capitalized terms used but not otherwise
defined herein shall have the meanings set forth in the Agreement.
WHEREAS, Holder has acquired certain Ordinary Shares, and the Agreement and the Company
require Holder, as a holder of Ordinary Shares, to become a party to the Agreement, and Holder
agrees to do so in accordance with the terms hereof.
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
to this Joinder hereby agree as follows:
1. | Agreement to be Bound. Holder hereby agrees that upon execution of this Joinder, it shall become a party to the Agreement and shall be fully bound by, and subject to, all of the covenants, terms and conditions of the Agreement as though an original party thereto and shall be deemed a Shareholder for all purposes thereof. In addition, Holder hereby agrees that all Ordinary Shares held by Holder shall be deemed Ordinary Shares for all purposes of the Agreement. | |
2. | Permitted Transfer. For the avoidance of doubt, the parties agree that (i) the Holder is a Permitted Transferee of the Investor and a member of the Investor Group and (ii) that the Ordinary Shares held by Holder shall be deemed to be Ordinary Shares held by the Investor for all purposes of the Agreement (including for purposes of determining the Investor Minimum Ratio Condition). | |
3. | Voting. Holder hereby agrees to vote all Ordinary Shares at any time held by Holder in the manner directed by the Investor, in the Investor’s sole and absolute discretion, to the fullest extent permitted by Applicable Law and hereby appoints and constitutes the Investor as its attorney and proxy, with full power of substitution and resubstitution (which proxy shall be irrevocable and is coupled with an interest), to vote all Ordinary Shares held by Holder at any meeting of the Shareholders and in connection with any written action or consent of the Shareholders with respect to any matter submitted to a vote or for action by the Shareholders. With respect to any such matter submitted to a vote or for action by the Shareholders, each of the Company and SCL shall be entitled to conclusively look to and rely on the Investor as the attorney or representative of the Holder with respect to such vote or action. | |
4. | Rights Particular to the Investor. Notwithstanding anything to the contrary in the Agreement or herein, Holder hereby acknowledges and agrees that none of the rights set forth in the Agreement that are particular to the Investor (including the rights in Section 2(a), Section 4, |
Section 5, Section 8 and Section 11 to the Agreement) shall be deemed to have been Transferred to or inure to the benefit of the Holder in connection with either the acquisition of Ordinary Shares by Holder from the Investor or the execution of this Joinder and all of such particular rights shall continue to be exercisable by the Investor. | ||
5. | Successors and Assigns. Except as otherwise provided herein, this Joinder shall bind and inure to the benefit of and be enforceable by SCL and the Company and its and their respective successors and assigns and Holder and any subsequent holders of Ordinary Shares and the respective successors and assigns of each of them, so long as they hold any Ordinary Shares. | |
6. | Counterparts. This Joinder may be executed in separate counterparts, including by facsimile, each of which shall be an original and all of which taken together shall constitute one and the same agreement. | |
7. | Notices. For purposes of Section 13(k) of the Agreement, all notices, demands or other communications to the Holder shall be directed to: |
NCL Investment II Ltd. c/o Apollo Management VI, LP 0 Xxxx 00xx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxx Xxxxxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 and, with a copy (which shall not constitute notice) to: O’Melveny & Xxxxx LLP Times Square Tower 0 Xxxxx Xxxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxx X. Xxxxx Telephone: (000) 000-0000 Facsimile: (000) 000-0000 |
8. | Governing Law. EXCEPT AS SET FORTH BELOW, THIS JOINDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK EXCLUDING THE CONFLICT OF LAW RULES OR PRINCIPLES THAT COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK. ALL MATTERS WHICH ARE THE SUBJECT OF THIS JOINDER RELATING TO MATTERS OF INTERNAL GOVERNANCE OF THE COMPANY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF BERMUDA, WITHOUT GIVING EFFECT TO ANY LAW OR RULE THAT COULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN BERMUDA TO BE APPLIED. |
9. | Descriptive Headings. The descriptive headings of this Joinder are inserted for convenience only and do not constitute a part of this Joinder. |
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IN WITNESS WHEREOF, the parties hereto have executed this Joinder as of the date first above
written.
NCL CORPORATION LTD. |
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By: | /s/ Xxxxx Xxxxx Xxxxxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxx Xxxxxxxx Xxxxxx | |||
Title: | Deputy Chairman, President and CEO | |||
NCL INVESTMENT II LTD. |
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By: | /s/ Xxxxxx Xxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxx | |||
Title: | Authorized Person | |||
Acknowledged and Agreed: STAR CRUISES LIMITED |
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By: | /s/ Xxxxx Xxxx Ming Huat | |||
Name: | Xxxxx Xxxx Ming Huat | |||
Title: | President | |||
NCL INVESTMENT LTD. |
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By: | /s/ Xxxxxx Xxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxx | |||
Title: | Authorized Person | |||
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