展品10.5

維京海洋郵輪船舶七有限公司

及

VIKING CRUISES LTD

截至2029年到期的5.625％優先有擔保票據

第二次補充契約

日期為2024年10月24日

1-4482

契約書

日期截至2021年2月2日

紐約梅隆銀行信託公司，N.A.作為信託人

作為抵押代理的威明頓信託國民協會

第二次補充契約

第二次補充契約（本 '補充契約）於2024年10月24日訂立，由維京控股有限公司（簡稱“擔保實體”或“VHL）, Viking Ocean Cruises Ship VII Ltd，一家根據百慕達法律組織成立的有限責任豁免公司（簡稱“薪酬”），維京郵輪有限公司，一家根據百慕達法律註冊成立的免責公司有限公司（VCL”或“權益代理”），作為擔保人（現有擔保人”），紐約梅隆銀行信託有限公司，作為下文所述的信託契據下的受託人（信託”), and Wilmington Trust, National Association, as collateral agent under the Indenture referred to below (the “抵押物代理”).

W I t N E S S E t H

WHEREAS, the Issuer has heretofore executed and delivered to the Trustee and the Collateral Agent an indenture (as supplemented and amended prior to the date hereof, the “抵押權契約”), dated as of February 2, 2021 providing for the issuance of 5.625% Senior Secured Notes due 2029 (the “註釋”);

鑑於，信託的第9.01(a)(4)條款規定，其他事項包括，發行人、有担保的一方、受託人和抵押代理人可以修改或補充信託憑證，而無需任何持有未償還債券的持有人同意，以使得任何改變為持有人提供額外權利或利益，並且不會在實質上不利地影響任何此類持有人根據信託憑證的法律權利；

鑑於，VHL，公司的母公司實體，希望擔保發行人在此處所載條款和條件下的所有債券和信託憑證義務，以使持有人、受託人和抵押代理人受益；

鑑於，發行人希望修改信託憑證的序文和1.01、4.03和10.05條款，並增加新的10.06和10.07條款至信託憑證，以便VHL能夠提供對發行人在債券和信託憑證下的義務的完整和無條件擔保，並在根據此補充信託憑證生效後，根據此補充信託憑證，VHL同意提供其經已驗證的合併年度財務報表和簡明合併季度財務報表給受託人和債券持有人，以取代公司目前的報告義務；

鑑於，發行人已經通過其董事會授權，並向受託人和抵押代理人交付，授權執行並批准此補充信託憑證；

鑑於，確保授權發行人和現有擔保人簽署和交付此補充信託憑證的所有必要條件已經遵守或已完成或已執行；並

鑑於，根據信託憑證第9.01條的條款，受託人和抵押代理人各自被授權簽署和交付此補充信託憑證。

 

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基於上述事實並為其他良好且有價值的考量，特此甲乙雙方確認其足夠性和適當性，特此達成以下協議：

第一條

DEFINITIONS

第1.01節 定義所有大寫字母用語的涵義若未在此作其他定義，則應按照信託契約所指定的意義而解釋。

第二條

修正案

第2.01節 修訂事項.

(a)將信託契約前言修改如下（建議添加到信託契約中的文字如下所示 粗體雙底線)

“於2021年2月2日締結之信託契約，由在百慕達法律下組織成立之受限公司Viking Ocean Cruises船舶第七號有限公司（以下簡稱「發行人」） VHL（如下定義）, Viking Cruises Ltd，一家在百慕達法律下組織成立的免稅有限公司，作為擔保人，The Bank of New York Mellon Trust Company，N.A.，一家國家銀行協會，作為受託人（在此資格下為「受託人」），以及Wilmington Trust，National Association，一家國家銀行協會，作為擔保代理人（在此資格下為 「擔保代理人」）。

該發行人，VHL， 公司（如所定義），受託人和抵押品代理人同意如下，以互惠互利，為發行人截至2029年到期的5.625%償還債券（“ 債券”）的持有人（如所定義）平等和无差别的利益：

（b）根據Indenture第1.01條的修改，按照字母排序插入以下新的定义條款（拟添加到Indentures的文本以粗體雙下劃線显示）：

“VHL”表示Viking Holdings Ltd，一家根据百慕大法律註冊成立的有限豁免公司，及根据此Indenture担保債券和Indenture项下的发行人义务的其继承人和受让人，直至根据此Indenture的规定释放该人的担保。

“VHL担保”表示VHL对債券和此Indenture项下的发行人义务作出全面且无条件的担保，根据此Indenture第10.06條的规定。”

（c）Indenture第4.03條按照完全書寫以下內容進行修改（拟添加到Indentures的文本以粗體雙下劃線显示） 粗體雙下劃線顯示):

“第4.03條 報告。

只要有任何債券未清償，公司將向受託人提供：

(1) 在公司財政年度結束後120天內，從截至2021年12月31日的財政年度開始，提供年度報告，內容如下

 

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資訊應與《招股說明書》及以下資訊在詳細程度上基本相當且範圍相似，包括以下內容： （A）公司最近兩個財政年度結束時的經已審核之合併資產負債表，以及最近三個財政年度的公司經已審核之合併損益表和現金流量表，包括對這些財務報表的完整腳註和獨立核數師對財務報表的報告； （B）公司的擬態損益表和資產負債表資訊，連同解釋性腳註，涉及自最近完成的財政年度開始以來已發生的任何重大收購、處分或資本重組情況（除非根據下文的第（2）或（3）款，已在之前的報告中提供此擬態信息）；倘若該擬態財務資訊無需費用不合理的情況下即可提供，則應提供； （C）對已審核財務報表的經營和財務評論，包括對營運結果的討論（包括各業務板塊的討論）、財務狀況及流動性和資本資源的討論，以及對重大承諾和條款、條件以及關鍵會計政策的討論； （D）關於公司業務、管理層和股東、重要關聯交易及重要債務工具的說明；以及 （E）重大風險因素和重大最近事件；倘若任何披露事項在所有重要方面均符合根據美國《交易所法》第20-F表格的要求而提供的年度報告相關於該事項，則應視為滿足本條款第（1）款中對該事項所列公司的義務；

(2) 公司每個財政年度的每個首三個季度結束後在不超過自2021年3月31日結束的財季起計，須於60日內，提供包括以下資訊的季度報告： （A）該季度結束時的未經審核簡明合併資產負債表和該季度及截至未經審核簡明資產負債表日期的簡明收入和現金流量表，以及可供公司比較的去年同期（可能以擬態方式呈現），連同簡明腳註披露； （B）公司的擬態損益表和資產負債表資訊，連同解釋性腳註，涉及自最近完成的財季開始以來已發生的任何重大收購、處分或資本重組情況（除非根據本條款第（2）中的子款（A）或（C）已在之前的報告中提供此擬態信息）；倘若該擬態財務資訊無需費用不合理的情況下即可提供，則應提供； （C）對未經審核財務報表的經營和財務評論，包括對公司合併財務狀況和營運結果的討論以及當期季度與前一年同期之間的任何重大變化；以及 （D）重大最近事項；以及

(3) 在任何主要收購、處置或重組控制項和受限子公司整體上發生後，或公司的任何高級行政人員變動、公司的稽核師變更或公司公開宣布的任何其他重大事件發生後，應立即提供一份包含該事件描述的報告。

(b) 與上述每份報告的提供同時，公司將其發佈在網站上或在IntraLinks或任何可比較的密碼下。

 

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protected online data system, which will require a confidentiality acknowledgement (but not restrict the recipients of such information in trading of securities of the Company or its Affiliates).

(c) Within ten Business Days of the furnishing of each such report discussed above, the Company will hold a conference call related to the report. Details regarding access to such conference call will be posted at least 24 hours prior to the commencement of such call on the website, IntraLinks or other online data system on which the report is posted, provided, however, that so long as the VHL Guarantee remains in effect, if VHL holds a conference call to discuss the financial condition and results of operations of VHL and its consolidated Subsidiaries for the most recently-ended period for which financial statements have been or will be delivered pursuant to this Section 4.03, the Company will not be required to hold a second, separate call for the Holders as long as access information regarding such conference call is made available at VHL’s investor relations website ahead of such conference call.

(d) If the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries and such Subsidiaries are Significant Subsidiaries, then the quarterly and annual financial information required by the preceding paragraphs will include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the Company.

(e) All financial statements shall be prepared in accordance with IFRS; provided that the Board of Directors of the Company may elect not to comply with the treatment of direct marketing and advertising costs under IAS 38, Intangible Assets, and, as determined in good faith by the Board of Directors of the Company, any other IFRS requirements inconsistent with industry practice. The footnotes to such financial statements shall explain in reasonable detail any such non-IFRS practices used in the preparation of such financial statements. Except as provided in the second preceding sentence, all financial statements shall be prepared in accordance with IFRS on a consistent basis for the periods presented; provided, however, that the reports set forth in Section 4.03(a) above may, in the event of a change in applicable IFRS present earlier periods on a basis that applied to such periods, subject to the provisions of this Indenture. Except as provided for above, no report need include separate financial statements for the Company or Subsidiaries of the Company or any disclosure with respect to the results of operations or any other financial or statistical disclosure not of a type included in the Offering Memorandum.

(f) In addition, for so long as any Notes remain outstanding, the Company will furnish to the Holders and to securities analysts and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the U.S. Securities Act.

(g) The Trustee shall have no duty to examine any of such reports, information or documents to ascertain whether they contain the information and otherwise comply with the foregoing; the sole duty of the Trustee in respect of same being to file the same and make them available to Holders during normal business hours upon reasonable prior written request. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants under this Indenture (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates).

Notwithstanding any other provision of this Section 4.03, so long as the VHL Guarantee remains in effect, the reports, documents and other information required to be delivered to the

 

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Holders of the Notes pursuant to this Section 4.03 may, be satisfied by VHL (or any successor parent entity of the Company that assumes the guarantee obligations hereunder of VHL) filing or furnishing with the SEC, within the time periods specified in this Section 4.03, its annual and quarterly reports (other than the fourth quarter) and such other financial information required to be filed by it (or any such successor entity, as applicable) pursuant to Section 13 or 15(d) of the Exchange Act and such reports comply with the requirements of Rule 3-10 of Regulation S-X promulgated by the SEC (or any successor provision).

The Trustee and the Collateral Agent may conclusively presume without independent investigation or inquiry that the (i) VHL Guarantee constitutes a full and unconditional guarantee of the Notes within the meaning of Rule 3-10 of Regulation S-X promulgated by the SEC (or any successor provision) and (ii) the VHL annual and quarterly reports and such other financial information referred to in the preceding paragraph comply with the requirements of Rule 3-10 of Regulation S-X promulgated by the SEC (or any successor provision), and the Trustee and the Collateral Agent shall, in each case, be fully protected and have no liability in so presuming”

(d) Section 10.05 of the Indenture is hereby amended to read in its entirety as follows (text that is proposed to be added to the Indentures is shown in bold double underlined):

“Section 10.05 Note Guarantees Release.

(a) If, in the future, there were to be a Subsidiary Guarantor of the Notes, the Note Guarantee of that Subsidiary Guarantor (if any) will automatically be released:

(1) in connection with any sale or other disposition of all or substantially all of the assets of that Subsidiary Guarantor (including by way of merger, consolidation, amalgamation or combination) to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary, if the sale or other disposition does not violate Section 4.10 of this Indenture;

(2) in connection with any sale or other disposition of Capital Stock of that Subsidiary Guarantor to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary, if the sale or other disposition does not violate Section 4.10 of this Indenture and the Subsidiary Guarantor ceases to be a Restricted Subsidiary as a result of the sale or other disposition;

(3) if the Company designates any Restricted Subsidiary that is a Subsidiary Guarantor to be an Unrestricted Subsidiary in accordance with the applicable provisions of this Indenture;

(4) upon repayment of the Notes; or

(5) upon legal defeasance, covenant defeasance or satisfaction and discharge of this Indenture as provided in Section 8.02, Section 8.03 and Section 11.01;

provided that, in each case, the Company, the Issuer or such Subsidiary Guarantor has delivered to the Trustee and the Collateral Agent an Officer’s Certificate (which may be combined with any other Officer’s Certificate required to be delivered pursuant to other provisions referenced in the foregoing clauses) stating that all conditions precedent provided for in this Indenture and the Security Documents relating to such release have been complied with.

 

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(b) Any additional Note Guarantee by a Guarantor pursuant to Section 4.17 hereof shall be automatically released when the Indebtedness that caused such Guarantor to enter into the additional Note Guarantee pursuant to Section 4.17 hereof has been fully discharged or no longer Guaranteed; provided however that the Trustee or Collateral Agent shall not be required to execute any documentation related to such automatic release unless such Guarantor has delivered to the Trustee and the Collateral Agent an Officer’s Certificate stating that all conditions precedent provided for in this Indenture and the Security Documents relating to such release have been complied with.

(c) The VHL Guarantee will be automatically released:

(1) in connection with any sale or other disposition of all or substantially all of the assets of VHL (including by way of merger, consolidation, amalgamation or combination) to a Person that is not (either before or after giving effect to such transaction) the Issuer or a Restricted Subsidiary;

(2) upon repayment of the Notes; or

(3) upon legal defeasance, covenant defeasance or satisfaction and discharge of this Indenture as provided in Section 8.02, Section 8.03 and Section 11.01;

provided that, in each case, the Company, the Issuer or VHL has delivered to the Trustee and the Collateral Agent an Officer’s Certificate (which may be combined with any other Officer’s Certificate required to be delivered pursuant to other provisions referenced in the foregoing clauses) stating that all conditions precedent provided for in this Indenture and the Security Documents relating to such release have been complied with.”

(e) Section 10.06 and Section 10.07 are hereby added in the Indenture, which shall provide as follows (text that is proposed to be added to the Indentures is shown in bold double underlined):

“Section 10.06 VHL Guarantee.

(a) Subject to this Section 10.06, VHL, upon executing a counterpart of a supplemental indenture in order to provide the VHL Guarantee, hereby fully and unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and the Collateral Agent and their respective successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the Obligations of the Issuer hereunder or thereunder, that:

(1) the principal of, premium, if any, on, and interest and Additional Amounts, if any, on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, premium, if any, on and interest and Additional Amounts, if any, on the Notes (to the extent permitted by law) and all other Obligations of the Issuer to the Holders, the Trustee or the Collateral Agent hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and

(2) in case of any extension of time of payment or renewal of any Notes or any of such other Obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.

 

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Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, VHL will be obligated to pay the same immediately. VHL agrees that this is a guarantee of payment and not a guarantee of collection.

(b) VHL hereby agrees that its obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. VHL hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever and covenant that this VHL Guarantee will not be discharged except by complete performance of the Obligations contained in the Notes and this Indenture.

(c) If any Holder, the Collateral Agent or the Trustee is required by any court or otherwise to return to or for the benefit of the Issuer, VHL, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer, VHL, or the Guarantors, any amount paid by either the Issuer, VHL, or the Guarantors to the Trustee, the Collateral Agent or such Holder, this VHL Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect.

(d) VHL agrees that it will not be entitled to any right of subrogation in relation to the Holders in respect of any Obligations guaranteed hereby until payment in full of all Obligations guaranteed hereby. VHL further agrees that, as between VHL, on the one hand, and the Holders, the Trustee and the Collateral Agent, on the other hand, (1) the maturity of the Obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this VHL Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such Obligations as provided in Article 6 hereof, such Obligations (whether or not due and payable) will forthwith become due and payable by VHL for the purpose of this VHL Guarantee. VHL will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders, the Trustee or the Collateral Agent under the VHL Guarantee.

Section 10.07 Limitation on VHL Liability.

(a) VHL, the Trustee, the Collateral Agent and, by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the VHL Guarantee does not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar national, federal, local or state law, a voidable preference, financial assistance or improper corporate benefit or violate the corporate purpose of VHL or any applicable capital maintenance or similar laws or regulations affecting the rights of creditors generally under any applicable law or regulation, in each case, to the extent applicable to such VHL Guarantee. To effectuate the foregoing intention, the Trustee, the Collateral Agent, the Holders and VHL hereby irrevocably agree that the Obligations of VHL will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of VHL that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of VHL in respect of the Obligations of VHL under this Article 10, result in the Obligations of VHL under its VHL Guarantee not

 

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constituting a fraudulent transfer or conveyance or a voidable preference, financial assistance or improper corporate benefit, or violating the corporate purpose of VHL or any applicable capital maintenance or similar laws or regulations affecting the rights of creditors generally under any applicable law or regulation.

(b) The VHL Guarantee shall be limited to the net assets of VHL at the relevant time.”

ARTICLE III

THE VHL GUARANTEE

Section 3.01. VHL Guarantee. VHL, by delivering an executed counterpart of this Supplemental Indenture, fully and unconditionally guarantees all of the Issuer’s Obligations under the Notes and the Indenture for the benefit of the Holders, the Collateral Agent and the Trustee on the terms and subject to the conditions set forth in the Indenture (as amended by this Supplemental Indenture).

ARTICLE IV

EFFECT

Section 4.01 Effectiveness. This Supplemental Indenture shall become effective as of the date first above written upon its execution and delivery by the parties hereto.

ARTICLE V

MISCELLANEOUS

Section 5.01 Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

Section 5.02 No Recourse Against Others. No director, officer, employee, incorporator or stockholder of the Issuer or any Guarantor, as such, will have any liability for any obligations of the Issuer or the Guarantors under the Notes, the Indenture, the Note Guarantees, the Security Documents or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws.

Section 5.03 Counterparts Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy will be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or electronic format (i.e., “pdf” or “tif” or any electronic signature complying with the U.S. federal ESIGN Act of 2000) or other electronically imaged transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or electronic format (i.e., “pdf” or “tif” or any electronic signature complying with the U.S. federal ESIGN Act of 2000) or other electronically imaged transmission shall be deemed to be their original signatures for all purposes. Any certificate and any other document delivered in connection with this Supplemental Indenture may be signed by or on behalf of the signing party by manual, facsimile or electronic format (i.e., “pdf” or “tif” or any electronic signature complying with the U.S. federal ESIGN Act of 2000) or other electronically imaged transmission. The Trustee shall not have a duty to inquire into

 

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or investigate the authenticity or authorization of any such electronic signature and shall be entitled to conclusively rely on any such electronic signature without any liability with respect thereto.

Section 5.04 Headings. The headings of the Articles and Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and will in no way modify or restrict any of the terms or provisions hereof.

Section 5.05 Trustee and the Collateral Agent Not Responsible for Recitals. The statements and recitals contained herein shall be taken as statements and recitals of the Issuer, the Guaranteeing Entity and the Guarantors, and neither the Trustee nor the Collateral Agent assumes any responsibility for their correctness. Neither the Trustee nor the Collateral Agent makes any representations as to, and shall not be responsible in any manner whatsoever for or in respect of, (i) the validity, sufficiency or adequacy of this Supplemental Indenture, (ii) the proper authorization hereby by the Issuer by action or otherwise, (iii) the due execution hereof by the Issuer, the Guaranteeing Entity and the Guarantors or (iv) the consequences of any amendment herein provided for. In entering into this Supplemental Indenture, the Trustee and the Collateral Agent shall be afforded the same rights, protections, privileges, immunities and indemnities as are afforded in the Indenture as if the same were fully set forth herein.

Section 5.06 Adoption, Ratification and Confirmation. The Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed.

Section 5.07 Enforceability. The Issuer, VHL and the Existing Guarantor each hereby represent and warrant that this Supplemental Indenture is their legal, valid and binding obligation, enforceable against each of them in accordance with its terms.

Section 5.08 Severability. In case any provision in this Supplemental Indenture is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

Section 5.09 Issuer Instruction. The Issuer hereby requests and directs each of the Trustee and the Collateral Agent to join with the Issuer, the Existing Guarantor and VHL in the execution of this Supplemental Indenture.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first written above.

 

 

[Signature Page to Second Supplemental Indenture (2029 Secured Notes)]

 

[Signature Page to Second Supplemental Indenture (2029 Secured Notes)]

 

[Signature Page to Second Supplemental Indenture (2029 Secured Notes)]