Exhibit 10.1

SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

This Second Amendment to Amended and Restated Credit Agreement (this “Second
Amendment”) dated as of June 18, 2015 is entered into among:

QS WHOLESALE, INC., a California corporation (the “Lead Borrower”);

the Persons named on Schedule 1.01 hereto (collectively, with the Lead Borrower,
the “Domestic Borrowers”);

QUIKSILVER CANADA CORP., a Nova Scotia unlimited liability company (the
“Canadian Borrower”);

UG MANUFACTURING CO. PTY LTD, ACN 005 047 941, a proprietary limited company
organized under the laws of Australia (the “Australian Borrower”);

QUIKSILVER JAPAN CO., LTD., a Japanese Kabushiki Kaisha (the “Japanese
Borrower”);

QUIKSILVER, INC., a Delaware corporation (the “Parent”);

the Persons named on Schedules 1.02(a) and 1.02(b) hereto (the “Guarantors”);

each Lender party hereto (collectively, the “Lenders”);

BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the
“Administrative Agent”), L/C Issuer and Swing Line Lender;

BANK OF AMERICA, NATIONAL ASSOCIATION, as Australian Security Trustee (in such
capacity, the “Australian Security Trustee”); and

BANK OF AMERICA, N.A., as a Co-Collateral Agent; and

in consideration of the mutual covenants herein contained and benefits to be
derived herefrom.

WITNESSETH:

WHEREAS, reference is made to that certain Amended and Restated Credit Agreement
dated as of May 24, 2013 (as heretofore or hereafter amended, restated,
supplemented or otherwise modified and in effect from time to time, the “Credit
Agreement”) by, among others, the Lead Borrower, the other Domestic Borrowers,
the Canadian Borrower, the Australian Borrower, the Japanese Borrower, the
Parent, the other Guarantors, the Lenders party thereto, the Administrative
Agent, the Australian Security Trustee and the Co-Collateral Agents;

WHEREAS, the Borrowers have requested that the Agents and the Lenders agree to
amend the Credit Agreement in the manner specified herein; and

WHEREAS, the Agents and the Lenders party hereto (which constitute Required
Lenders) are willing to agree to so amend, subject to the terms and conditions
set forth herein.

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NOW, THEREFORE, in consideration of the mutual agreements herein contained and
benefits to be derived herefrom, the parties hereto agree as follows:

 

1. Definitions. Capitalized terms used herein and not otherwise defined herein
shall have the meanings assigned to such terms in the Credit Agreement.

 

2. Amendment to Credit Agreement. Section 1.01 of the Credit Agreement is hereby
amended by amending and restating clause (b) of the definition of “Change of
Control” set forth therein so it reads in its entirety as follows:

“(b) during any period of twelve (12) consecutive months, a majority of the
members of the board of directors or other equivalent governing body of the
Parent cease to be composed of individuals (i) who were members of that board or
equivalent governing body on the first day of such period, (ii) whose election
or nomination to that board or equivalent governing body was approved by
individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of that board or equivalent governing
body or (iii) whose election or nomination to that board or other equivalent
governing body was approved by individuals referred to in clauses (i) and
(ii) above constituting at the time of such election or nomination at least a
majority of that board or equivalent governing body; or”

 

3. Representations and Warranties.

 

  a. Each Loan Party hereby represents, warrants, ratifies and confirms to the
Agents and the Lenders that (a) all representations and warranties of the Loan
Parties contained in the Credit Agreement and other Loan Documents or otherwise
made in writing in connection therewith are true and correct in all material
respects as of the date hereof, except to the extent that (i) such
representations and warranties are qualified as to “materiality”, “Material
Adverse Effect” or similar language, in which case they are true and correct in
all respects (as so qualified by “materiality”, “Material Adverse Effect” or
similar language) on and as of the date hereof, and (ii) such representations
and warranties relate to an earlier date (except to the extent such
representations and warranties are amended hereby), in which case they are true
and correct in all material respects (except to the extent such representations
and warranties are qualified as to “materiality”, “Material Adverse Effect” or
similar language, in which case they are true and correct in all respects (as so
qualified by “materiality”, “Material Adverse Effect” or similar language)) on
and as of such earlier date, and (b) no Default or Event of Default has occurred
and is continuing or would result from the effectiveness of this Second
Amendment.

 

  b.

The transactions contemplated hereby are within such Loan Party’s corporate or
other organizational powers and have been duly authorized by all necessary
corporate, membership, partnership or other necessary action. The Credit
Agreement and each other Loan Document to which any Loan Party is a party, in
each case as amended hereby, (i) has been duly executed and delivered by each
Loan Party, and (ii) constitutes a legal, valid and binding obligation of such
Loan Party, enforceable in accordance with its terms, subject to applicable
bankruptcy,

 

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  insolvency, reorganization, moratorium or other laws affecting creditors’
rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law.

 

4. Miscellaneous.

 

  a. Except as amended hereby, all terms and conditions of the Credit Agreement
and the other Loan Documents remain in full force and effect. Without limiting
the foregoing, the Loan Parties hereby acknowledge, confirm and agree that the
Security Documents and any and all Collateral previously pledged to the
Administrative Agent, for the benefit of the Credit Parties or the Foreign
Credit Parties, as applicable, shall continue to secure all applicable
Obligations or Foreign Liabilities, as applicable, at any time and from time to
time outstanding under the Credit Agreement and the other Loan Documents, as
such Obligations or Foreign Liabilities, as applicable, have been amended
pursuant to this Second Amendment.

 

  b. This Second Amendment may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single
contract. This Second Amendment constitutes the entire contract among the
parties relating to the subject matter of this Second Amendment and supersede
any and all previous agreements and understandings, oral or written, relating to
the subject matter hereof. Delivery of an executed counterpart of a signature
page of this Second Amendment by telecopy or other electronic image scan
transmission (e.g., “pdf” or “tif” via e-mail) shall be as effective as delivery
of a manually executed counterpart of this Second Amendment.

 

  c. THIS SECOND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

[SIGNATURE PAGES FOLLOW]

 

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

 

QS WHOLESALE, INC., as the Lead Borrower By:

/s/ Andrew Bruenjes

Name:

Andrew Bruenjes

Title:

Chief Financial Officer

DC SHOES, INC.,

as a Domestic Borrower

By:

/s/ Andrew Bruenjes

Name:

Andrew Bruenjes

Title:

Chief Financial Officer

HAWK DESIGNS, INC.,

as a Domestic Borrower

By:

/s/ Andrew Bruenjes

Name:

Andrew Bruenjes

Title:

Chief Financial Officer

QS RETAIL, INC.,

as a Domestic Borrower

By:

/s/ Andrew Bruenjes

Name:

Andrew Bruenjes

Title:

Chief Financial Officer

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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QUIKSILVER, INC., as a Guarantor By:

/s/ Linnsey Caya

Name:

Linnsey Caya

Title:

General Counsel and Secretary

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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QUIKSILVER CANADA CORP., as the Canadian Borrower By:

/s/ Andrew Bruenjes

Name:

Andrew Bruenjes

Title:

Chief Financial Officer

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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QUIKSILVER JAPAN CO., LTD., as the Japanese Borrower By:

/s/ Sammy Yoo

Name:

Sammy Yoo

Title:

President

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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Executed by Ug Manufacturing Co.

Pty Ltd ACN 005 047 941 in

accordance with section 127 of the

Corporations Act 2001:

/s/ Andrew Bruenjes

/s/ Simon Lynch

Director Secretary ANDREW N. BRUENJES SIMON F. LYNCH

Name of Director

(BLOCK LETTERS)

Name of Secretary

(BLOCK LETTERS)

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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AGENTS AND LENDERS: BANK OF AMERICA, N.A., as Administrative Agent, Australian
Security Trustee and as a Co-Collateral Agent By:

/s/ Roger Malouf

Name:

Roger Malouf

Title:

Director

BANK OF AMERICA, N.A., as a Domestic Lender, L/C Issuer and Swing Line Lender
By:

/s/ Roger Malouf

Name:

Roger Malouf

Title:

Director

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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BANK OF AMERICA, N.A. (acting through its Canada branch), as a Canadian Lender,
Canadian L/C Issuer and Canadian Swing Line Lender By:

/s/ Sylwia Durkiewic

Name: Sylwia Durkiewicz Title: Vice President

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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BANK OF AMERICA, N.A. (acting through its Australia branch) as an Australian
Lender and Australian Swing Line Lender By:

/s/ Michael Senyard

Name: Michael Senyard Title: Director, Bank of America N.A., Australia Branch

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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BANK OF AMERICA, N.A. (acting through its Hong Kong branch), as Administrative
Agent and as a Co-Collateral Agent By:

/s/ Roger Malouf

Name:

Roger Malouf

Title:

Director

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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BANK OF AMERICA, N.A. (acting through its Tokyo branch), as a Japanese Lender
and Japanese Swing Line Lender By:

/s/ Koji Yoshikawa

Name: Koji Yoshikawa Title: Authorized Signatory

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Domestic Lender By:

/s/ Todd R. Nakamoto

Name: Todd R. Nakamoto Title: Duly Authorized Signer

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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WELLS FARGO CAPITAL FINANCE CORPORATION CANADA, as a Canadian Lender By:

/s/ David G. Phillips

Name: David G. Phillips Title: Senior Vice President Credit Officer, Canada

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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WELLS FARGO BANK, NATIONAL ASSOCIATION (London Branch), as an Australian Lender
By:

/s/ N B Hogg

Name: N B Hogg Title: Authorized Signatory

Signature Page to Second Amendment to Amended and Restated Credit Agreement

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Schedule 1.01 to Second Amendment

DOMESTIC BORROWERS

1. QS Wholesale, Inc.

2. DC Shoes, Inc.

3. Hawk Designs, Inc.

4. QS Retail, Inc.

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Schedule 1.02(a) to Second Amendment

GUARANTORS OF DOMESTIC FACILITIES

1. Quiksilver, Inc.

2. QS Wholesale, Inc.

3. DC Shoes, Inc.

4. Hawk Designs, Inc.

5. QS Retail, Inc.

Schedule 1.02(b) to Second Amendment

GUARANTORS OF FOREIGN FACILITIES

5. Quiksilver Canada Corp.

6. Ug Manufacturing Co. Pty Ltd

7. Quiksilver Japan Co., Ltd.

8. Quiksilver, Inc.

9. QS Wholesale, Inc.

10. DC Shoes, Inc.

11. Hawk Designs, Inc.

12. QS Retail, Inc.