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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Registration
  No. 333-________</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>As
  filed with the United States Securities and Exchange Commission on September 11, 2015</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="text-align: left; margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>UNITED
  STATES</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SECURITIES
  AND EXCHANGE COMMISSION</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Washington,
  D.C. 20549</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">__________________________________</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>FORM
  S-8</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">REGISTRATION
  STATEMENT</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">UNDER
  THE SECURITIES ACT OF 1933</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">__________________________________</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>LINDBLAD
  EXPEDITIONS HOLDINGS, INC.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Exact
  name of Registrant as specified in its charter)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR>
      <TD STYLE="width: 49%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Delaware</B></FONT></TD>
      <TD STYLE="vertical-align: top; width: 2%; padding: 0 0 1.5pt; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; width: 49%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>27-4749725</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(State or other jurisdiction
      <BR>
  of incorporation or organization)</FONT></TD>
      <TD STYLE="padding: 0; text-align: right; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(I.R.S.
      Employer <BR>
  Identification No.)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>96
      Morton Street, 9th Floor, New York, New York</B></FONT></TD>
      <TD STYLE="padding: 0 0 1.5pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>10014</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Address
      of principal executive offices)</FONT></TD>
      <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-align: center; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Zip Code)</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>LINDBLAD
  EXPEDITIONS HOLDINGS, INC. 2015 LONG-TERM INCENTIVE PLAN</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>LINDBLAD
  EXPEDITIONS, INC. 2012 STOCK INCENTIVE PLAN</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Full
  title of the plans)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Sven-Olof
  Lindblad</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>President
  and Chief Executive Officer </B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Lindblad
  Expeditions Holdings, Inc.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>96
  Morton Street, 9th Floor</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>New
  York, New York 10014</B><BR>
  <B>(212) 261-9000</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Name,
  address and telephone number of agent for service)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">__________________________________</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 24%; padding: 0 0 0 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Large
      accelerated filer&nbsp;&nbsp;&#9744;</FONT></TD>
      <TD STYLE="width: 23%; padding: 0 0 0 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Accelerated
  filer &nbsp;&#9746;</FONT></TD>
      <TD STYLE="width: 24%; padding: 0 0 0 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-accelerated
  filer &#9744;</FONT></TD>
      <TD STYLE="width: 29%; padding: 0 0 0 5.4pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Smaller
  reporting company &#9744;</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">__________________________________</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>CALCULATION
  OF REGISTRATION FEE</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: center; border-bottom: Black 1.5pt solid">Title of <BR> Securities to be Registered</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="text-align: center; border-bottom: Black 1.5pt solid">Amount <BR> to be <BR> Registered (1)</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid">Proposed<BR> Maximum&nbsp;Offering<BR> Price Per Share</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid">Proposed<BR> Maximum&nbsp;Aggregate<BR> Offering Price</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1.5pt solid">Amount<BR> of<BR> Registration&nbsp;Fee</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 52%; text-align: left; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2015
  Long-Term Incentive Plan:</B></FONT></P>
                                                                    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Common Stock $0.0001 par value</FONT></P></TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 11%; text-align: center; padding-left: 5.4pt; vertical-align: top">2,500,000&nbsp;shares</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left; vertical-align: top">$</TD><TD STYLE="width: 9%; text-align: right; vertical-align: top">9.42</TD><TD STYLE="width: 1%; text-align: left; vertical-align: top">(2)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left; vertical-align: top">$</TD><TD STYLE="width: 9%; text-align: right; vertical-align: top">23,550,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left; vertical-align: top">$</TD><TD STYLE="width: 9%; text-align: right; vertical-align: top">2,737</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2012 Stock Incentive Plan:</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Common Stock $0.0001 par value</FONT></P></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center; padding-left: 5.4pt; vertical-align: top">3,821,696 shares</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; vertical-align: top">$</TD><TD STYLE="text-align: right; vertical-align: top">1.76</TD><TD STYLE="text-align: left; vertical-align: top">(3)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; vertical-align: top">$</TD><TD STYLE="text-align: right; vertical-align: top">6,726,185</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; vertical-align: top">$</TD><TD STYLE="text-align: right; vertical-align: top">782</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 40pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;Total</B></FONT></P></TD><TD><B>&nbsp;</B></TD>
      <TD STYLE="text-align: center; padding-left: 5.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6,321,696&nbsp;shares</B></FONT></P></TD><TD STYLE="font-weight: bold"><B>&nbsp;</B></TD>
      <TD STYLE="font-weight: bold; text-align: left"><B>&nbsp;</B></TD><TD STYLE="font-weight: bold; text-align: right"><B>__&nbsp;</B></TD><TD><B>&nbsp;</B></TD>
      <TD STYLE="text-align: left"></TD><TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>30,276,185</B></TD><TD><B>&nbsp;</B></TD>
      <TD STYLE="text-align: left"></TD><TD STYLE="text-align: left"><B>$</B></TD><TD STYLE="text-align: right"><B>3,519</B></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
  <TD STYLE="width: 0.25in; padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="width: 0.25in; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Amount
                                                                                                                                                                                                                                             to be registered consists of (i) an aggregate of 2,500,000 shares of Common Stock (the
                                                                                                                                                                                                                                             &ldquo;Common Stock&rdquo;) of Lindblad Expeditions Holdings, Inc. to be issued pursuant
                                                                                                                                                                                                                                             to the grant or exercise of awards to participants under the Lindblad Expeditions Holdings,
                                                                                                                                                                                                                                             Inc. 2015 Long-Term Incentive Plan (the &ldquo;2015 Plan&rdquo;) and (ii) 3,821,696 shares of Common Stock issuable upon the
                                                                                                                                                                                                                                             exercise                                          of an aggregate of 3,821,696 outstanding stock options to participants
                                                                                                                                                                                                                                             under the Lindblad                                          Expeditions, Inc. 2012 Stock Incentive Plan (the &ldquo;2012
                                                                                                                                                                                                                                             Plan&rdquo;). Pursuant to                                          Rule 416 under the Securities Act of 1933, as amended (the
                                                                                                                                                                                                                                             &ldquo;Securities Act&rdquo;),                                          this registration statement also covers an
                                                                                                                                                                                                                                             indeterminate number of additional shares                                          of Common Stock that may become issuable
                                                                                                                                                                                                                                             in accordance with the adjustment and anti-dilution                                          provisions of the 2015 Plan and
                                                                                                                                                                                                                                             the 2012 Plan.</FONT></TD></TR></TABLE>
  
  <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
  <TD STYLE="width: 0.25in; padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="width: 0.25in; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2)</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Determined
                                           in accordance with Rules 457(c) and 457(h) under the Securities Act, the registration
                                           fee calculation is based on the average of the high and low prices of the Common Stock
                                           as reported on the NASDAQ Capital Market on September 9, 2015.</FONT></TD></TR></TABLE>
  
  
  
  <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
  <TD STYLE="width: 0.25in; padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="width: 0.25in; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(3)</FONT></TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Determined
                                           in accordance with Rule 457(h) under the Securities Act, the registration fee calculation
                                           is based on the $1.76 exercise price of the 3,821,696 outstanding options under the 2012
                                           Plan.</FONT></TD></TR></TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">__________________________</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
  <!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
  <!-- Field: Page; Sequence: 1; Options: NewSection -->
      <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"></P></DIV>
      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">PART
  I<BR>
  <BR>
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</FONT></P>
  
  <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
  documents constituting Part I of this registration statement (this &ldquo;Registration Statement&rdquo;) will be sent or given
  to participants in the plans as provided by Rule 428(b)(1) under the Securities Act of 1933, as amended (the &ldquo;Securities
  Act&rdquo;).</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">PART
  II<BR>
  <BR>
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></P>
  
  <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>
  
  <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item 3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Incorporation
                                           of Documents by Reference</U></B>.</FONT></TD>
  </TR></TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
  following documents, filed by Lindblad Expeditions Holdings, Inc. (the &ldquo;Registrant&rdquo;) with the Securities and Exchange
  Commission (the &ldquo;Commission&rdquo;) pursuant to the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;),
  are incorporated herein by reference and deemed to be a part hereof:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
  <TD STYLE="width: 0.75in; padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="width: 0.25in; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                           Registrant&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2014;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                           Registrant&rsquo;s Definitive Proxy Statements filed on June 19, 2015 and May 4, 2015;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                           Registrant&rsquo;s Definitive Merger Proxy Statement filed June 24, 2015;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                           Registrant&rsquo;s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015
                                           and June 30, 2015;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                           Registrant&rsquo;s Current Reports on Form 8-K filed January 8, 2015; February 11, 2015,
                                           March 10, 2015 (excluding Item 7.01 and related exhibits); March 19, 2015; March 20,
                                           2015; April 21, 2015; May 4, 2015; May 15, 2015 (excluding Item 7.01 and related exhibits);
                                           May 22, 2015; July 1, 2015; July 8, 2015 (excluding Item 7.01 and the related exhibits);
                                           July 10, 2015 (as amended on August 7, 2015 and September 2, 2015); August 3, 2015; and
                                           August 4, 2015 (excluding Item 7.01 and the exhibit related thereto); and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
  <TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"></TD><TD STYLE="padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-top: 0; padding-right: 0; padding-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                           description of our common stock contained in or incorporated into the Registrant&rsquo;s
                                           Registration Statement on Form 8-A, filed April 29, 2013, and any amendment or report
                                           updating that description.</FONT></TD></TR></TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">All
  other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior
  to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters
  all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the
  date of the filing of such documents.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Any
  statement contained in a document incorporated or deemed incorporated herein by reference shall be deemed to be modified or superseded
  for the purpose of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document
  which also is, or is deemed to be, incorporated herein by reference modifies or supersedes such statement. Any such statement
  so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration
  Statement.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>
  
  <!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item 4.</B></FONT></TD>
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Description of Securities</U></B>.</FONT></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Not
  applicable.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item 5.</B></FONT></TD>
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Interests of Named Experts and Counsel</U></B>.</FONT></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">None.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item 6.</B></FONT></TD>
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Indemnification of Directors and Officers</U></B>.</FONT></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Subsection
  (a) of Section 145 of the General Corporation Law of the State of Delaware, or the DGCL, empowers a corporation to indemnify any
  person who was or is a party or who is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
  whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason
  of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request
  of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other
  enterprise, against expenses (including attorneys&rsquo; fees), judgments, fines and amounts paid in settlement actually and reasonably
  incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the
  person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal
  action or proceeding, had no reasonable cause to believe the person&rsquo;s conduct was unlawful.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Subsection
  (b) of Section 145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to
  any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by
  reason of the fact that the person acted in any of the capacities set forth above, against expenses (including attorneys&rsquo;
  fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the
  person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the
  corporation, except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall
  have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which
  such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all
  the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of
  Chancery or such other court shall deem proper.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Section
  145 further provides that to the extent a director or officer of a corporation has been successful on the merits or otherwise
  in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim,
  issue or matter therein, such person shall be indemnified against expenses (including attorneys&rsquo; fees) actually and reasonably
  incurred by such person in connection therewith; that indemnification provided for by Section 145 shall not be deemed exclusive
  of any other rights to which the indemnified party may be entitled; and the indemnification provided for by Section 145 shall,
  unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee
  or agent and shall inure to the benefit of such person&rsquo;s heirs, executors and administrators. Section 145 also empowers
  the corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent
  of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another
  corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred
  by such person in any such capacity, or arising out of his status as such, whether or not the corporation would have the power
  to indemnify such person against such liabilities under Section 145.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  <!-- Field: Page; Sequence: 3; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Section
  102(b)(7) of the DGCL provides that a corporation&rsquo;s certificate of incorporation may contain a provision eliminating or
  limiting the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary
  duty as a director, provided that such provision shall not eliminate or limit the liability of a director (i) for any breach of
  the director&rsquo;s duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which
  involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL, or (iv) for any transaction
  from which the director derived an improper personal benefit.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
  Registrant&rsquo;s certificate of incorporation provides that all directors, officers, employees and agents of the registrant
  shall be entitled to be indemnified by the Registrant to the fullest extent permitted by Section 145 of the Delaware General Corporation
  Law.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Paragraph
  B of Article Eighth of the Registrant&rsquo;s certificate of incorporation provides:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;The
  Corporation, to the full extent permitted by Section 145 of the DGCL, as amended from time to time, shall indemnify all persons
  whom it may indemnify pursuant thereto. Expenses (including attorneys&rsquo; fees) incurred by an officer or director in defending
  any civil, criminal, administrative, or investigative action, suit or proceeding for which such officer or director may be entitled
  to indemnification hereunder shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding
  upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined
  that he is not entitled to be indemnified by the Corporation as authorized hereby.&rdquo;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
  Registrant has purchased directors&rsquo; and officers&rsquo; liability insurance that would indemnify its directors and officers
  against damages arising out of certain kinds of claims that might be made against them based on their negligent acts or omissions
  while acting in their capacity as such.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
  Registrant&rsquo;s agreements with Sven-Olof Lindblad, Ian Rogers and Trey Byus each provide that it shall indemnify the executive
  to the fullest extent permitted by the laws of the State of Delaware against all damages, costs, expenses and other liabilities
  reasonably incurred or sustained in connection with any suit, action or proceeding the executive may be made a party by reason
  of being or having been a director or officer of the company or any of its subsidiaries, or having served in any other capacity
  or taken any other action purportedly on behalf of or at the request of the company or any of its subsidiaries.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item 7.</B></FONT></TD>
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Exemption from Registration Claimed</U></B>.</FONT></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Not
  applicable.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item 8. </B></FONT></TD>
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Exhibits</U></B>.</FONT></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
  exhibits filed herewith or incorporated herein by reference are set forth in the attached Exhibit Index.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item 9. </B></FONT></TD>
      <TD STYLE="text-align: justify; padding: 0pt; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Undertakings</U></B>.</FONT></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant
  hereby undertakes:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during
  any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any prospectus
  required by Section 10(a)(3) of the Securities Act;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To reflect in the
  prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective
  amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the
  Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar
  value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated
  maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) of Securities
  Act if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price
  set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement; and</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any material
  information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change
  to such information in the Registration Statement;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>provided, however</I>, that paragraphs (a)(1)(i)
  and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
  in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the
  Exchange Act that are incorporated by reference in the Registration Statement.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose
  of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the
  initial bona fide offering thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration
  by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose
  of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities,
  in a primary offering of securities of the Registrant pursuant to this Registration Statement, regardless of the underwriting method
  used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following
  communications, the Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such
  purchaser:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any preliminary prospectus
  or prospectus of the Registrant relating to the offering required to be filed pursuant to Rule 424 under the Securities Act;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any free writing
  prospectus relating to the offering prepared by or on behalf of the Registrant or used or referred to by the Registrant;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The portion of any
  other free writing prospectus relating to the offering containing material information about the Registrant or its securities provided
  by or on behalf of the Registrant; and</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any other communication
  that is an offer in the offering made by the Registrant to the purchaser.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant
  hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s
  annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in this Registration
  Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such
  securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such
  indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that
  a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by
  a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
  by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless
  in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction
  the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed
  by the final adjudication of such issue.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>SIGNATURES</U></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pursuant
  to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it
  meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf
  by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on this day of September 11, 2015.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><B>LINDBLAD EXPEDITIONS HOLDINGS, INC.</B></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-indent: 0; width: 60%">&nbsp;</TD>
      <TD STYLE="padding: 0; text-indent: 0; width: 4%">&nbsp;</TD>
      <TD STYLE="padding: 0; text-indent: 0; width: 36%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
      <TD STYLE="padding: 0; text-indent: 0">By:</TD>
      <TD STYLE="padding: 0; text-indent: 0; border-bottom: Black 1.5pt solid">/s/ Sven-Olof Lindblad</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
      <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
      <TD STYLE="padding: 0; text-indent: 0">Sven-Olof Lindblad</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
      <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
      <TD STYLE="padding: 0; text-indent: 0">Chief Executive Officer and President</TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pursuant
  to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the
  capacities indicated below on September 11, 2015. Each person whose signature appears below constitutes and appoints Sven-Olof
  Lindblad and Ian Rogers, and each of them individually, his or her true and lawful attorney-in-fact and agent, with full power
  of substitution and revocation, for him or her and in his or her name, place and stead, in any and all capacities, to sign any
  and all amendments (including post-effective amendments) to this Registration Statement, and any additional registration statement
  to be filed pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with all exhibits thereto, and other
  documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents,
  and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in
  connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming
  all that said attorneys-in-fact and agents, or either of them, may lawfully do or cause to be done by virtue hereof.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 40%; text-align: center; line-height: 115%; padding-top: 0pt; padding-right: 0pt; border-bottom: Black 1.5pt solid; padding-left: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Signature</B></FONT></TD>
      <TD STYLE="width: 3%; text-align: center; line-height: 115%; padding: 0pt 0pt 1.5pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="width: 57%; text-align: center; line-height: 115%; padding-top: 0pt; padding-right: 0pt; border-bottom: Black 1.5pt solid; padding-left: 0pt; vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Title</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="padding: 0pt 0pt 1.5pt; text-align: center; line-height: 115%; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="padding: 0pt 0pt 1.5pt; text-align: center; line-height: 115%; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="padding: 0pt 0pt 1.5pt; text-align: left; line-height: 115%; text-indent: 0pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding-top: 0pt; padding-right: 0pt; border-bottom: Black 1.5pt solid; padding-left: 0pt; text-align: justify; line-height: 115%; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Sven-Olof Lindblad&#9;</FONT></TD>
      <TD STYLE="vertical-align: top; text-align: justify; line-height: 115%; padding: 0pt 0pt 1.5pt; text-indent: 0pt">&nbsp;</TD>
      <TD ROWSPAN="2" STYLE="vertical-align: top; text-align: left; line-height: 115%; padding: 0pt 0pt 1.5pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief Executive Officer, President and Director (Principal Executive Officer) &nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sven-Olof Lindblad</FONT></TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding: 0pt; text-align: justify; line-height: 115%; text-indent: 0pt; border-bottom: Black 1.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Ian Rogers&#9;</FONT></TD>
      <TD STYLE="vertical-align: top; text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD ROWSPAN="2" STYLE="vertical-align: top; text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief Operating Officer, Chief Financial Officer and Vice President (Principal Financial and Accounting Officer) &nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ian Rogers</FONT></TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding: 0pt; text-align: justify; line-height: 115%; text-indent: 0pt; border-bottom: Black 1.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Mark D. Ein&#9;</FONT></TD>
      <TD STYLE="vertical-align: top; text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD ROWSPAN="2" STYLE="vertical-align: top; text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Director &nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Mark D. Ein</FONT></TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt; border-bottom: Black 1.5pt solid">
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Dyson Dryden&#9;</P></TD>
      <TD STYLE="vertical-align: top; text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD ROWSPAN="2" STYLE="vertical-align: top; text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Director &nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dyson Dryden</FONT></TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt; border-bottom: Black 1.5pt solid">
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ John M. Fahey</P></TD>
      <TD STYLE="vertical-align: top; text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD ROWSPAN="2" STYLE="vertical-align: top; text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Director &nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">John M. Fahey</FONT></TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt; border-bottom: Black 1.5pt solid">
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Paul J. Brown</P></TD>
      <TD STYLE="vertical-align: top; text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD ROWSPAN="2" STYLE="vertical-align: top; text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Director &nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Paul J. Brown</FONT></TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD STYLE="text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; padding: 0pt; text-indent: 0pt; border-bottom: Black 1.5pt solid">
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">/s/ Bernard W. Aronson&nbsp;</P></TD>
      <TD STYLE="vertical-align: top; text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD>
      <TD ROWSPAN="2" STYLE="vertical-align: top; text-align: left; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Director
  </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Bernard W. Aronson</FONT></TD>
      <TD STYLE="text-align: justify; line-height: 115%; padding: 0pt; text-indent: 0pt">&nbsp;</TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal"><U>EXHIBIT
  INDEX</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
      <TD STYLE="width: 10%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit
      No.</B></FONT></TD>
      <TD STYLE="width: 1%; padding: 0 0 1.5pt; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Description</B></FONT></TD>
      <TD STYLE="width: 1%; padding: 0 0 1.5pt; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="width: 12%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Included</B></FONT></TD>
      <TD STYLE="padding: 0 0 1.5pt; width: 1%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; width: 9%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Form</B></FONT></TD>
      <TD STYLE="padding: 0 0 1.5pt; width: 1%; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; width: 12%; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Filing
      Date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.1</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Agreement
      and Plan of Merger, dated as of March 9, 2015, by and among Capitol Acquisition Corp. II, Argo Expeditions, LLC, Argo Merger
      Sub, Inc. and Lindblad Expeditions, Inc. </FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8-K</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">March
      10, 2015</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.2</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amendment
      No. 1 to Agreement and Plan of Merger, dated as of April 30, 2015, by and among Capitol Acquisition Corp. II, Argo Expeditions,
      LLC, Argo Merger Sub, Inc. and Lindblad Expeditions, Inc.</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8-K</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">May
      4, 2015</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.3</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amendment
      No. 2 to Agreement and Plan of Merger, dated as of May 1, 2015, by and among Capitol Acquisition Corp. II, Argo Expeditions,
      LLC, Argo Merger Sub, Inc. and Lindblad Expeditions, Inc.</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8-K</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">May
      4, 2015</FONT></TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Second
      Amended and Restated Certificate of Incorporation.</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DEFM
      14-A</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">June
      24, 2015</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.2</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Bylaws.</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">S-1</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">February
      15, 2011</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4.1</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Specimen
      Common Stock Certificate.</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8-K</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">July
      10, 2015</FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2015
      Long-Term Incentive Plan.</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DEFM
      14-A</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">June
      24, 2015</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10.2</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Lindblad
      2012 Stock Incentive Plan.</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8-K</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">July
      10, 2015</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10.3</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Employment
      Agreement between Ian Rogers and the Company and Assignment and Assumption of Option Award Agreement.</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8-K</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">July
      10, 2015</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">10.4</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Employment
      Agreement between Trey Byus and the Company and Assignment and Assumption of Option Award Agreement.</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By
      Reference</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">8-K</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">July
      10, 2015</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5.1</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Opinion
      of Foley &amp; Lardner LLP (including consent of counsel)</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Herewith</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.1</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent
      of Foley &amp; Lardner LLP (filed as part of Exhibit (5))</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Herewith</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23.2</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Consent
      of Marcum LLP</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Herewith</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">24</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Powers
      of Attorney (included on the signature page to this Registration Statement).</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Herewith</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
      <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
  </TABLE>
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metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "fs82015_lindbladexp.htm", "description": "INITIAL REGISTRATION STATEMENT", "secsgml_size_bytes": 99067}]
metadata_filer: {"company-data": {"conformed-name": "LINDBLAD EXPEDITIONS HOLDINGS, INC.", "cik": "0001512499", "assigned-sic": "4700", "irs-number": "274749725", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-206884", "film-number": "151103086"}, "business-address": {"street1": "96 MORTON STREET", "street2": "9TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10014", "phone": "212-261-9000"}, "mail-address": {"street1": "96 MORTON STREET", "street2": "9TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10014"}, "former-company": {"former-conformed-name": "Capitol Acquisition Corp. II", "date-changed": "20110208"}}
text: Registration
  No. 333-________
  As
  filed with the United States Securities and Exchange Commission on September 11, 2015
  UNITED
  STATES
  SECURITIES
  AND EXCHANGE COMMISSION
  Washington,
  D.C. 20549
  __________________________________
  FORM
  S-8
  REGISTRATION
  STATEMENT
  UNDER
  THE SECURITIES ACT OF 1933
  __________________________________
  LINDBLAD
  EXPEDITIONS HOLDINGS, INC.
  (Exact
  name of Registrant as specified in its charter)
  Delaware
  27-4749725
  (State or other jurisdiction
  of incorporation or organization)
  (I.R.S.
      Employer
  Identification No.)
  96
      Morton Street, 9th Floor, New York, New York
  10014
  (Address
      of principal executive offices)
  (Zip Code)
  LINDBLAD
  EXPEDITIONS HOLDINGS, INC. 2015 LONG-TERM INCENTIVE PLAN
  LINDBLAD
  EXPEDITIONS, INC. 2012 STOCK INCENTIVE PLAN
  (Full
  title of the plans)
  Sven-Olof
  Lindblad
  President
  and Chief Executive Officer
  Lindblad
  Expeditions Holdings, Inc.
  96
  Morton Street, 9th Floor
  New
  York, New York 10014
  (212) 261-9000
  (Name,
  address and telephone number of agent for service)
  __________________________________
  Large
      accelerated filer  ☐
  Accelerated
  filer  ☒
  Non-accelerated
  filer ☐
  Smaller
  reporting company ☐
  __________________________________
  CALCULATION
  OF REGISTRATION FEE
  Title of
  Securities to be Registered
  Amount
  to be
  Registered (1)
  Proposed
  Maximum Offering
  Price Per Share
  Proposed
  Maximum Aggregate
  Offering Price
  Amount
  of
  Registration Fee
  2015
  Long-Term Incentive Plan:
  Common Stock $0.0001 par value
  2,500,000 shares
  $
  9.42
  (2)
  $
  23,550,000
  $
  2,737
  2012 Stock Incentive Plan:
  Common Stock $0.0001 par value
  3,821,696 shares
  $
  1.76
  (3)
  $
  6,726,185
  $
  782
  Total
  6,321,696 shares
  __
  $
  30,276,185
  $
  3,519
  (1)
  Amount
                                                                                                                                                                                                                                             to be registered consists of (i) an aggregate of 2,500,000 shares of Common Stock (the
                                                                                                                                                                                                                                             "Common Stock") of Lindblad Expeditions Holdings, Inc. to be issued pursuant
                                                                                                                                                                                                                                             to the grant or exercise of awards to participants under the Lindblad Expeditions Holdings,
                                                                                                                                                                                                                                             Inc. 2015 Long-Term Incentive Plan (the "2015 Plan") and (ii) 3,821,696 shares of Common Stock issuable upon the
                                                                                                                                                                                                                                             exercise                                          of an aggregate of 3,821,696 outstanding stock options to participants
                                                                                                                                                                                                                                             under the Lindblad                                          Expeditions, Inc. 2012 Stock Incentive Plan (the "2012
                                                                                                                                                                                                                                             Plan"). Pursuant to                                          Rule 416 under the Securities Act of 1933, as amended (the
                                                                                                                                                                                                                                             "Securities Act"),                                          this registration statement also covers an
                                                                                                                                                                                                                                             indeterminate number of additional shares                                          of Common Stock that may become issuable
                                                                                                                                                                                                                                             in accordance with the adjustment and anti-dilution                                          provisions of the 2015 Plan and
                                                                                                                                                                                                                                             the 2012 Plan.
  (2)
  Determined
                                           in accordance with Rules 457(c) and 457(h) under the Securities Act, the registration
                                           fee calculation is based on the average of the high and low prices of the Common Stock
                                           as reported on the NASDAQ Capital Market on September 9, 2015.
  (3)
  Determined
                                           in accordance with Rule 457(h) under the Securities Act, the registration fee calculation
                                           is based on the $1.76 exercise price of the 3,821,696 outstanding options under the 2012
                                           Plan.
  __________________________
  PART
  I
  INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
  The
  documents constituting Part I of this registration statement (this "Registration Statement") will be sent or given
  to participants in the plans as provided by Rule 428(b)(1) under the Securities Act of 1933, as amended (the "Securities
  Act").
  PART
  II
  INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
  Item 3.
  Incorporation
                                           of Documents by Reference
  .
  The
  following documents, filed by Lindblad Expeditions Holdings, Inc. (the "Registrant") with the Securities and Exchange
  Commission (the "Commission") pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
  are incorporated herein by reference and deemed to be a part hereof:
  ●
  The
                                           Registrant's Annual Report on Form 10-K for the year ended December 31, 2014;
  ●
  The
                                           Registrant's Definitive Proxy Statements filed on June 19, 2015 and May 4, 2015;
  ●
  The
                                           Registrant's Definitive Merger Proxy Statement filed June 24, 2015;
  ●
  The
                                           Registrant's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2015
                                           and June 30, 2015;
  ●
  The
                                           Registrant's Current Reports on Form 8-K filed January 8, 2015; February 11, 2015,
                                           March 10, 2015 (excluding Item 7.01 and related exhibits); March 19, 2015; March 20,
                                           2015; April 21, 2015; May 4, 2015; May 15, 2015 (excluding Item 7.01 and related exhibits);
                                           May 22, 2015; July 1, 2015; July 8, 2015 (excluding Item 7.01 and the related exhibits);
                                           July 10, 2015 (as amended on August 7, 2015 and September 2, 2015); August 3, 2015; and
                                           August 4, 2015 (excluding Item 7.01 and the exhibit related thereto); and
  ●
  The
                                           description of our common stock contained in or incorporated into the Registrant's
                                           Registration Statement on Form 8-A, filed April 29, 2013, and any amendment or report
                                           updating that description.
  All
  other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior
  to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters
  all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the
  date of the filing of such documents.
  Any
  statement contained in a document incorporated or deemed incorporated herein by reference shall be deemed to be modified or superseded
  for the purpose of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document
  which also is, or is deemed to be, incorporated herein by reference modifies or supersedes such statement. Any such statement
  so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration
  Statement.
  1
  Item 4.
  Description of Securities
  .
  Not
  applicable.
  Item 5.
  Interests of Named Experts and Counsel
  .
  None.
  Item 6.
  Indemnification of Directors and Officers
  .
  Subsection
  (a) of Section 145 of the General Corporation Law of the State of Delaware, or the DGCL, empowers a corporation to indemnify any
  person who was or is a party or who is threatened to be made a party to any threatened, pending or completed action, suit or proceeding,
  whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason
  of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request
  of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other
  enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably
  incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the
  person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal
  action or proceeding, had no reasonable cause to believe the person's conduct was unlawful.
  Subsection
  (b) of Section 145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to
  any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by
  reason of the fact that the person acted in any of the capacities set forth above, against expenses (including attorneys'
  fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the
  person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the
  corporation, except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall
  have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which
  such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all
  the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of
  Chancery or such other court shall deem proper.
  Section
  145 further provides that to the extent a director or officer of a corporation has been successful on the merits or otherwise
  in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim,
  issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably
  incurred by such person in connection therewith; that indemnification provided for by Section 145 shall not be deemed exclusive
  of any other rights to which the indemnified party may be entitled; and the indemnification provided for by Section 145 shall,
  unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee
  or agent and shall inure to the benefit of such person's heirs, executors and administrators. Section 145 also empowers
  the corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent
  of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another
  corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred
  by such person in any such capacity, or arising out of his status as such, whether or not the corporation would have the power
  to indemnify such person against such liabilities under Section 145.
  2
  Section
  102(b)(7) of the DGCL provides that a corporation's certificate of incorporation may contain a provision eliminating or
  limiting the personal liability of a director to the corporation or its stockholders for monetary damages for breach of fiduciary
  duty as a director, provided that such provision shall not eliminate or limit the liability of a director (i) for any breach of
  the director's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which
  involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL, or (iv) for any transaction
  from which the director derived an improper personal benefit.
  The
  Registrant's certificate of incorporation provides that all directors, officers, employees and agents of the registrant
  shall be entitled to be indemnified by the Registrant to the fullest extent permitted by Section 145 of the Delaware General Corporation
  Law.
  Paragraph
  B of Article Eighth of the Registrant's certificate of incorporation provides:
  "The
  Corporation, to the full extent permitted by Section 145 of the DGCL, as amended from time to time, shall indemnify all persons
  whom it may indemnify pursuant thereto. Expenses (including attorneys' fees) incurred by an officer or director in defending
  any civil, criminal, administrative, or investigative action, suit or proceeding for which such officer or director may be entitled
  to indemnification hereunder shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding
  upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined
  that he is not entitled to be indemnified by the Corporation as authorized hereby."
  The
  Registrant has purchased directors' and officers' liability insurance that would indemnify its directors and officers
  against damages arising out of certain kinds of claims that might be made against them based on their negligent acts or omissions
  while acting in their capacity as such.
  The
  Registrant's agreements with Sven-Olof Lindblad, Ian Rogers and Trey Byus each provide that it shall indemnify the executive
  to the fullest extent permitted by the laws of the State of Delaware against all damages, costs, expenses and other liabilities
  reasonably incurred or sustained in connection with any suit, action or proceeding the executive may be made a party by reason
  of being or having been a director or officer of the company or any of its subsidiaries, or having served in any other capacity
  or taken any other action purportedly on behalf of or at the request of the company or any of its subsidiaries.
  Item 7.
  Exemption from Registration Claimed
  .
  Not
  applicable.
  Item 8.
  Exhibits
  .
  The
  exhibits filed herewith or incorporated herein by reference are set forth in the attached Exhibit Index.
  3
  Item 9.
  Undertakings
  .
  (a)          The undersigned Registrant
  hereby undertakes:
  (1)          To file, during
  any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
  (i)          To include any prospectus
  required by Section 10(a)(3) of the Securities Act;
  (ii)         To reflect in the
  prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective
  amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the
  Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar
  value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated
  maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) of Securities
  Act if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price
  set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
  (iii)        To include any material
  information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change
  to such information in the Registration Statement;
  provided, however
  , that paragraphs (a)(1)(i)
  and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
  in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the
  Exchange Act that are incorporated by reference in the Registration Statement.
  (2)          That, for the purpose
  of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the
  initial bona fide offering thereof.
  (3)          To remove from registration
  by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
  (4)          That, for the purpose
  of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities,
  in a primary offering of securities of the Registrant pursuant to this Registration Statement, regardless of the underwriting method
  used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following
  communications, the Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such
  purchaser:
  (i)          Any preliminary prospectus
  or prospectus of the Registrant relating to the offering required to be filed pursuant to Rule 424 under the Securities Act;
  (ii)         Any free writing
  prospectus relating to the offering prepared by or on behalf of the Registrant or used or referred to by the Registrant;
  4
  (iii)        The portion of any
  other free writing prospectus relating to the offering containing material information about the Registrant or its securities provided
  by or on behalf of the Registrant; and
  (iv)        Any other communication
  that is an offer in the offering made by the Registrant to the purchaser.
  (b)          The undersigned Registrant
  hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's
  annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in this Registration
  Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such
  securities at that time shall be deemed to be the initial bona fide offering thereof.
  (c)          Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant
  pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such
  indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that
  a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by
  a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
  by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless
  in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction
  the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed
  by the final adjudication of such issue.
  5
  SIGNATURES
  Pursuant
  to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it
  meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf
  by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on this day of September 11, 2015.
  LINDBLAD EXPEDITIONS HOLDINGS, INC.
  By:
  /s/ Sven-Olof Lindblad
  Sven-Olof Lindblad
  Chief Executive Officer and President
  Pursuant
  to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the
  capacities indicated below on September 11, 2015. Each person whose signature appears below constitutes and appoints Sven-Olof
  Lindblad and Ian Rogers, and each of them individually, his or her true and lawful attorney-in-fact and agent, with full power
  of substitution and revocation, for him or her and in his or her name, place and stead, in any and all capacities, to sign any
  and all amendments (including post-effective amendments) to this Registration Statement, and any additional registration statement
  to be filed pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with all exhibits thereto, and other
  documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents,
  and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in
  connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming
  all that said attorneys-in-fact and agents, or either of them, may lawfully do or cause to be done by virtue hereof.
  Signature
  Title
  /s/ Sven-Olof Lindblad
  Chief Executive Officer, President and Director (Principal Executive Officer)
  Sven-Olof Lindblad
  /s/ Ian Rogers
  Chief Operating Officer, Chief Financial Officer and Vice President (Principal Financial and Accounting Officer)
  Ian Rogers
  /s/ Mark D. Ein
  Director
  Mark D. Ein
  /s/ Dyson Dryden
  Director
  Dyson Dryden
  /s/ John M. Fahey
  Director
  John M. Fahey
  /s/ Paul J. Brown
  Director
  Paul J. Brown
  /s/ Bernard W. Aronson
  Director
  Bernard W. Aronson
  S-
  1
  EXHIBIT
  INDEX
  Exhibit
      No.
  Description
  Included
  Form
  Filing
      Date
  2.1
  Agreement
      and Plan of Merger, dated as of March 9, 2015, by and among Capitol Acquisition Corp. II, Argo Expeditions, LLC, Argo Merger
      Sub, Inc. and Lindblad Expeditions, Inc.
  By
      Reference
  8-K
  March
      10, 2015
  2.2
  Amendment
      No. 1 to Agreement and Plan of Merger, dated as of April 30, 2015, by and among Capitol Acquisition Corp. II, Argo Expeditions,
      LLC, Argo Merger Sub, Inc. and Lindblad Expeditions, Inc.
  By
      Reference
  8-K
  May
      4, 2015
  2.3
  Amendment
      No. 2 to Agreement and Plan of Merger, dated as of May 1, 2015, by and among Capitol Acquisition Corp. II, Argo Expeditions,
      LLC, Argo Merger Sub, Inc. and Lindblad Expeditions, Inc.
  By
      Reference
  8-K
  May
      4, 2015
  3.1
  Second
      Amended and Restated Certificate of Incorporation.
  By
      Reference
  DEFM
      14-A
  June
      24, 2015
  3.2
  Bylaws.
  By
      Reference
  S-1
  February
      15, 2011
  4.1
  Specimen
      Common Stock Certificate.
  By
      Reference
  8-K
  July
      10, 2015
  10.1
  2015
      Long-Term Incentive Plan.
  By
      Reference
  DEFM
      14-A
  June
      24, 2015
  10.2
  Lindblad
      2012 Stock Incentive Plan.
  By
      Reference
  8-K
  July
      10, 2015
  10.3
  Employment
      Agreement between Ian Rogers and the Company and Assignment and Assumption of Option Award Agreement.
  By
      Reference
  8-K
  July
      10, 2015
  10.4
  Employment
      Agreement between Trey Byus and the Company and Assignment and Assumption of Option Award Agreement.
  By
      Reference
  8-K
  July
      10, 2015
  5.1
  Opinion
      of Foley & Lardner LLP (including consent of counsel)
  Herewith
  23.1
  Consent
      of Foley & Lardner LLP (filed as part of Exhibit (5))
  Herewith
  23.2
  Consent
      of Marcum LLP
  Herewith
  24
  Powers
      of Attorney (included on the signature page to this Registration Statement).
  Herewith
  E-1