Exhibit 10.1
FIRST AMENDMENT TO COMMITMENT LETTER
June 24, 2009
Quiksilver, Inc. and
Quiksilver Americas, Inc.
15202 Graham St.
Huntington Beach, CA 92649

     
Attention:
  Joseph Scirocco, Chief Financial Officer

Dear Mr. Scirocco:
     Reference is hereby made to that certain Commitment Letter dated June 8,
2009 (together with the Term Sheet referenced therein, the “Commitment Letter”)
by and among Bank of America, N.A. (“Bank”), General Electric Capital
Corporation (“GECC”), Banc of America Securities LLC (“BAS”), an affiliate of
Bank, and GE Capital Markets, Inc. (collectively, together with BAS, the
“Arrangers”), and Quiksilver, Inc. (the “Parent”) and Quiksilver Americas, Inc.
(the “Lead Borrower”). All capitalized terms used herein and not otherwise
defined shall have the same meanings herein as in the Commitment Letter.
     Bank, GECC, the Arrangers, the Parent and the Lead Borrower desire to
extend the termination date of the Commitment Letter. Accordingly, for good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, it is agreed by each party hereto that the Commitment Letter is
hereby amended by deleting the following text in its entirety:
     “If this letter is so accepted, then, subject to the terms and conditions
of this letter, Bank, BAS, GECC and GECM would be obligated to enter into the
Facility if all conditions precedent thereto are satisfied (as reasonably
determined by Bank, BAS, GECC and GECM) on or before June 26, 2009.”
and by inserting the following text in its stead:
     “If this letter is so accepted, then, subject to the terms and conditions
of this letter, Bank, BAS, GECC and GECM would be obligated to enter into the
Facility if all conditions precedent thereto are satisfied (as reasonably
determined by Bank, BAS, GECC and GECM) on or before July 31, 2009.”
     Except as otherwise expressly provided herein, all terms and conditions of
the Commitment Letter and Term Sheet remain in full force and effect.
[signature pages follow]

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            BANK OF AMERICA, N.A.
      By         Name:         Title:           BANC OF AMERICA SECURITIES LLC
      By         Name:         Title:           GENERAL ELECTRIC CAPITAL
CORPORATION
      By         Name:         Title:           GE CAPITAL MARKETS, INC.
      By         Name:         Title:      

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            The foregoing is agreed to as of
the date first above written:

QUIKSILVER, INC.
      By         Name:         Title:           QUIKSILVER AMERICAS, INC.
      By         Name:         Title:        

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