Lindblad Expeditions Holdings Inc Watch

from 8-K 3 pages 1 We Refer to the Senior Secured Credit Agreement Dated April 8, 2019, as Amended and Restated as of June 12, 2020 by a First Amendment and as Further Amended and Restated by a Second Amendment Dated as of June 14, 2021 (The Credit Agreement) Among the Borrower, Holdings, Citibank, N.A., London Branch, as Mandated Lead Arranger, Citibank, N.A., London Branch, as a Lender and Ek Guarantor, Eksfin, as a Lender, Citibank, N.A., London Branch, as Global Coordinator and Eca Agent, Citibank, N.A., London Branch, as Collateral Agent, and Citibank Europe PLC, Uk Branch, as Administrative Agent. 2 We Further Refer to the Waiver Request Dated May 4, 2022 (The Request) Pursuant to Which the Borrower and Holdings Have Requested Certain Waivers and Amendments in Respect of the Credit Agreement. 3 Unless Otherwise Defined Herein, Words and Expressions Defined in the Credit Agreement Shall Have the Same Meaning When Used in This Letter. 4 in Connection With the Request It Is Proposed That the Following Amendments to the Credit Agreement Are Made: (A) the Words “And Section 5.23(d)” Are Inserted Immediately After the Words “Section 5.23(b)” in Line One of Section 5.23(a); and (B) the Following New Section 5.23(d) Is Inserted After Section 5.23(c)

from 8-K 3 pages To: Lex Endurance Ltd. (The Borrower) Lindblad Expeditions Holdings, Inc. (Holdings) From: Citibank Europe PLC, Uk Branch (Administrative Agent) Citibank, N.A., London Branch

from 8-K 196 pages Revolving Credit Agreement Dated as of February 4, 2022, Among Lindblad Expeditions, LLC, as Borrower, Lindblad Expeditions Holdings, Inc., as Holdings, the Lenders Party Hereto and Credit Suisse AG, Cayman Islands Branch, as Administrative Agent, Wilmington Trust, National Association, as Collateral Trustee and Credit Suisse Loan Funding LLC, Jpmorgan Chase Bank, N.A., and Citibank, N.A. as Joint Bookrunners, Joint Lead Arrangers and Syndication Agents

from 8-K 58 pages Collateral Trust Agreement Dated as of February 4, 2022 Among Lindblad Expeditions, LLC, as the Company, the Other Grantors Party Hereto, Wilmington Trust, National Association, as Trustee Under the Note Indenture, Credit Suisse AG, Cayman Islands Branch, as Administrative Agent Under the Credit Agreement, Each Additional Authorized Representative From Time to Time Party Hereto, and Wilmington Trust, National Association, as Collateral Trustee

from 8-K 183 pages Private & Confidential Dated June 14, 2021 Lindblad Bluewater II Limited, (As Borrower) Lindblad Expeditions Holdings, Inc., (As Holdings) the Lenders Listed in Schedule 1, (As Lenders) Citibank, N.A., London Branch, (As Mandated Lead Arranger, Global Co-Ordinator, Eca Agent, Ek Guarantor and Collateral Agent) Citibank Europe PLC, Uk Branch, (As Administrative Agent) Second Amendment Relating to the Senior Secured Credit Agreement Dated April 8, 2019 (As Amended and Restated on June 12, 2020) for Up to $122,840,000.00 in Respect of the Acquisition of Hull No. 316 Contents

from 8-K 180 pages Private & Confidential Dated June 14, 2021 Lex Endurance Ltd., (As Borrower) Lindblad Expeditions Holdings, Inc., (As Holdings) the Lenders Listed in Schedule 1, (As Lenders) Citibank, N.A., London Branch, (As Mandated Lead Arranger, Global Co-Ordinator, Eca Agent and Collateral Agent) Citibank Europe PLC, Uk Branch, (As Administrative Agent) Third Amendment Relating to the Senior Secured Credit Agreement Dated January 8, 2018 (As Amended on April 8, 2019 and Amended and Restated on June 12, 2020) for Up to $107,694,892.00 in Respect of the Acquisition of Hull No. 312 Contents

from 10-Q 130 pages Fifth Amendment to Third Amended and Restated Credit Agreement

from 8-K 7 pages Fourth Amendment to Third Amended and Restated Credit Agreement

from 8-K 181 pages Incremental Assumption Agreement and Third Amendment to Third Amended and Restated Credit Agreement

from 8-K 16 pages Second Amendment to Third Amended and Restated Credit Agreement

from 10-Q 296 pages First Amendment to Third Amended and Restated Credit Agreement

from 8-K 16 pages Private & Confidential Dated June 12, 2020 Lindblad Bluewater II Limited, (As Borrower) Lindblad Expeditions Holdings, Inc., (As Holdings) the Lenders Listed in Schedule 1, (As Lenders) Citibank, N.A., London Branch, (As Mandated Lead Arranger, Global Co-Ordinator, Eca Agent, Ek Guarantor and Collateral Agent) Citibank Europe PLC, Uk Branch, (As Administrative Agent) First Amendment Relating to the Senor Secured Credit Agreement Dated April 8, 2019 for Up to $122,840,000.00 in Respect of the Acquisition of Hull No. 316 Contents

from 8-K 16 pages Private & Confidential Dated June 12, 2020 Lex Endurance Ltd., (As Borrower) Lindblad Expeditions Holdings, Inc. (As Holdings) the Lenders Listed in Schedule 1 (As Lenders) Citibank, N.A., London Branch (As Mandated Lead Arranger, Global Co-Ordinator, Eca Agent and Collateral Agent) Citibank Europe PLC, Uk Branch, (As Administrative Agent) Second Amendment Relating to the Senor Secured Credit Agreement Dated January 8, 2018 (As Amended on April 8, 2019) for Up to $107,694,892.00 in Respect of the Acquisition of Hull No. 312 Contents

from 10-Q/A 351 pages Senior Secured Credit Agreement Dated as of April 8, 2019 Among Lindblad Bluewater II Limited, as Borrower, Lindblad Expeditions Holdings Inc., as Holdings, Citibank, N.A., London Branch as Mandated Lead Arranger Citibank, N.A., London Branch, as a Lender and Ek Guarantor Eksportkreditt Norge As, as a Lender Citibank, N.A., London Branch, as Global Co-Ordinator Citibank, N.A., London Branch, as Eca Agent Citibank, N.A., London Branch, as Collateral Agent and Citibank Europe PLC, Uk Branch as Administrative Agent

from 10-Q 1 page Exhibit 10.2 Senior Secured Credit Agreement Dated April 8, 2019

from 10-Q 197 pages Third Amended and Restated Credit Agreement Dated as of March 27, 2018 Among Lindblad Expeditions, LLC, as U.S. Borrower, Lindblad Maritime Enterprises, Ltd., as Cayman Borrower, Lindblad Expeditions Holdings, Inc., as Holdings, the Lenders Party Hereto and Credit Suisse AG, Cayman Islands Branch as Administrative Agent and Collateral Agent, and Credit Suisse Securities (USA) LLC, Jpmorgan Chase Bank, N.A., and Citibank, N.A. as Joint Bookrunners, Joint Lead Arrangers and Syndication Agents

from 10-Q 177 pages Senior Secured Credit Agreement Dated as of January 8, 2018 Among Lex Endurance Ltd., as Borrower, Lindblad Expeditions Holdings, Inc., as Holdings, Citibank, N.A., London Branch as Mandated Lead Arranger Citibank, N.A., London Branch, as a Lender and Ek Guarantor Eksportkreditt Norge As, as a Lender Citibank, N.A., London Branch, as Global Co-Ordinator Citibank, N.A., London Branch, as Eca Agent Citibank, N.A., London Branch, as Collateral Agent and Citibank Europe PLC, Uk Branch as Administrative Agent

from 8-K 211 pages Second Amended and Restated Credit Agreement Dated as of March 7, 2016 Among Lindblad Expeditions, LLC, as U.S. Borrower, Lindblad Maritime Enterprises, Ltd., as Cayman Borrower, Lindblad Expeditions Holdings, Inc., as Holdings, the Lenders Party Hereto and Credit Suisse AG, as Administrative Agent and Collateral Agent Credit Suisse Securities (USA) LLC, as Sole Bookrunner and Sole Lead Arranger, Citibank, N.A., as Syndication Agent, and Suntrust Bank, as Documentation Agent

from 8-K 197 pages Amended and Restated Credit Agreement Dated as of July 8, 2015 Among Lindblad Expeditions, Inc., as U.S. Borrower, Lindblad Maritime Enterprises, Ltd., as Cayman Borrower, the Lenders Party Hereto and Credit Suisse AG, as Administrative Agent and Collateral Agent Credit Suisse Securities (USA) LLC, as Sole Bookrunner and Sole Lead Arranger, Credit Suisse AG, as Syndication Agent, and Credit Suisse AG, as Documentation Agent

from 8-K 196 pages Credit Agreement Dated as of May 8, 2015 Among Lindblad Expeditions, Inc., as U.S. Borrower, Lindblad Maritime Enterprises, Ltd., as Cayman Borrower, the Lenders Party Hereto and Credit Suisse AG, as Administrative Agent and Collateral Agent Credit Suisse Securities (USA) LLC, as Sole Bookrunner and Sole Lead Arranger, Credit Suisse AG, as Syndication Agent, and Credit Suisse AG, as Documentation Agent