0000884887-05-000004 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 14th, 2005 • Royal Caribbean Cruises LTD • Water transportation

THIS AGREEMENT (“Agreement”), dated as of March 10, 2005, is entered into between Royal Caribbean Cruises Ltd., a company organized and existing under the laws of Liberia (together with its successor and assigns, “Company”), and _Luis E. Leon____ (“Executive”).

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Contract
Trust Agreement • March 14th, 2005 • Royal Caribbean Cruises LTD • Water transportation • Florida

AMENDMENT NUMBER ONE TO TRUST AGREEMENT FOR RICHARD D. FAIN This Amendment Number One, dated as of September 30, 1998, is by and between Royal Caribbean Cruises Ltd. (the “Company”) and Gary Hammond (the “Trustee”). Whereas, the Company and the Trustee have entered into the Trust Agreement for Richard D. Fain dated as of June 30, 1994 (the “Trust Agreement”); and Whereas, the parties wish to amend the Trust Agreement; 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 hereto hereby agree as follows: Section 1. The first sentence of the second paragraph of Section 5(a) of the Trust Agreement is hereby amended to read as follows:

Contract
Royal Caribbean Cruises LTD • March 14th, 2005 • Water transportation • Florida

ROYAL CARIBBEAN CRUISES LTD. ET AL BOARD OF DIRECTORS NONQUALIFIED DEFERRED COMPENSATION PLAN RABBI TRUST ROYAL CARIBBEAN CRUISES LTD. ET AL. BOARD OF DIRECTORS NONQUALIFIED DEFERRED COMPENSATION PLAN RABBI TRUST This Trust Agreement, hereafter referred to as the “Agreement,” is entered into between Royal Caribbean Cruises Ltd., having its principal place of business in Miami, Florida, hereafter referred to as the “Company,” and SunTrust Bank, its successor or successors, hereafter referred to as the “Trustee”: WITNESSETH: WHEREAS, the Company is obligated pursuant to Royal Caribbean Cruises, Ltd. et al Board of Directors Nonqualified Deferred Compensation Plan (the “Plan”) to pay benefits to members of the Board of Directors of Royal Caribbean Cruises Ltd. who are Participants in the Plan, hereafter referred to as the “Participants,” WHEREAS, the Company wishes to establish a trust and to contribute to the Trust assets that shall be held therein, subject to the claims of the Compan

LEASE AGREEMENT BASIC LEASE INFORMATION
Lease Agreement • March 14th, 2005 • Royal Caribbean Cruises LTD • Water transportation • Oregon

The following Basic Lease Information is hereby incorporated into and made a part of the Lease between Landlord and Tenant to which it is attached. Each reference in the Lease to any of the Basic Lease Information shall mean the respective information set forth below, and such information is incorporated as a part of the terms provided under the particular Lease Section pertaining to such information. In the event of any conflict between any Basic Lease Information and the Lease, the former shall control.

Contract
Agreement • March 14th, 2005 • Royal Caribbean Cruises LTD • Water transportation

[CONFORMED EMPLOYMENT AGREEMENT AS AMENDED] THIS AGREEMENT (“AGREEMENT”), dated as of August 26, 2002, [amended by First Amendment dated March 15, 2004] is entered into between Royal Caribbean Cruises Ltd., a company organized and existing under the laws of Liberia (together with its successor and assigns, the “COMPANY”), and Jack L. Williams (the “EXECUTIVE”). RECITALS Executive is currently employed by the Company as a senior executive officer and is an integral part of its management. The Compensation Committee of the Board of Directors of the Company (the “COMMITTEE”) recognizes Executive as a key officer of the Company, and consequently has approved the terms and conditions of the continued employment of Executive as set forth herein and has authorized the execution and delivery of this Agreement. AGREEMENT For and in consideration of the foregoing and of the mutual covenants of the parties herein contained, and for other good and valuable consideration, the receipt and sufficienc

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