EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”), by and between MarineMax, Inc., a
Delaware corporation (the “Company”), and Michael H. McLamb (“Executive”) is
entered into and effective as of the 18th day of August, 2004.

RECITALS

A. The Company is engaged primarily in the business of selling, renting,
leasing, and servicing boating, nautical, and other related lifestyle
entertainment products and services, and related activities (collectively, the
“Watercraft Business”), and Executive has experience in such business.

B. Executive currently serves as Executive Vice President and Chief Financial
Officer of the Company. The Company desires to assure itself of the continued
availability of Executive.

C. The Company desires to employ Executive, and Executive desires to accept such
employment, pursuant to the terms and conditions set forth in this Agreement,
which shall replace the existing employment agreement between the Company and
Executive.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual promises, terms, covenants, and
conditions set forth herein and the performance of each, it is hereby agreed as
follows:

1. EMPLOYMENT AND DUTIES.

(a) EMPLOYMENT. The Company hereby employs Executive, and Executive hereby
agrees to act, as Executive Vice President and Chief Financial Officer of the
Company. As such, Executive shall have responsibilities, duties, and authority
reasonably accorded to, expected of, and consistent with Executive’s position,
and Executive shall report directly to the Chief Executive Officer and to the
Board of Directors of the Company (the “Board”). Executive hereby accepts this
employment upon the terms and conditions herein contained and, subject to
paragraph l(c) hereof, agrees to devote his best efforts and substantially all
of his business time and attention to promote and further the business of the
Company.

(b) POLICIES. Executive shall faithfully adhere to, execute, and fulfill all
lawful policies established by the Company.

(c) OTHER ACTIVITIES. Executive shall not, during the term of his employment
hereunder, be engaged in any other business activity pursued for gain, profit,
or other pecuniary advantage if such activity interferes in any material respect
with Executive’s duties and responsibilities hereunder. The foregoing
limitations shall not be construed as prohibiting Executive from (i) making
personal investments in such form or manner as will neither require his services
in the operation or affairs of the companies or enterprises in which such
investments are made nor subject Executive to any conflict of interest with
respect to his duties to the Company, (ii) serving on any civic or charitable
boards or committees, (iii) delivering lectures or fulfilling speaking
engagements, or

(iii) serving, with the written approval of the Board, as a director of one or
more public corporations, in each case so long as any such activities do not
significantly interfere with the performance of Executive’s responsibilities
under this Agreement.

(d) PLACE OF PERFORMANCE. Executive shall not be required by the Company or in
the performance of his duties to relocate his primary residence.

 

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2. COMPENSATION. For all services rendered by Executive, the Company shall
compensate Executive as follows:

(a) BASE SALARY Effective the date hereof, the base salary payable to Executive
shall be Two Hundred Twenty-five Thousand Dollars ($225,000) per year, payable
on a regular basis in accordance with the Company’s standard payroll procedures,
but not less than monthly. On at least an annual basis, the Board or a committee
of the Board shall review Executive’s performance and may make increases to such
base salary if, in its sole discretion, any such increase is warranted. In no
event shall Executive’s base salary be reduced to a level below Two Hundred
Twenty-five Thousand Dollars ($225,000).

(b) BONUS OR OTHER INCENTIVE COMPENSATION. Executive shall be eligible to
receive a bonus or other incentive compensation as may be determined by the
Board or a committee of the Board based upon such factors as the Board or such
committee, in its sole discretion, may deem relevant, including, without
limitation, the performance of Executive and the Company; provided, however,
that the Board or a committee of the Board shall establish for each fiscal year
of the Company a bonus program in which Executive shall be entitled to
participate, which provides Executive with a reasonable opportunity, based on
the past compensation practices of the Company and Executive’s then base salary,
to maintain or increase Executive’s total compensation compared to the previous
fiscal year.

(c) EXECUTIVE PERQUISITES, BENEFITS, AND OTHER COMPENSATION. Executive shall be
entitled to receive additional benefits and compensation from the Company in
such form and to such extent as specified below:

(i) REIMBURSEMENT FOR EXPENSES. Reimbursement for business travel and other
out-of-pocket expenses reasonably incurred by Executive in the performance of
his services under this Agreement. All reimbursable expenses shall be
appropriately documented in reasonable detail by Executive upon submission of
any request for reimbursement and shall be in a format and manner consistent
with the Company’s expense reporting policy.

(ii) VACATION. Paid vacation in accordance with the applicable policy of the
Company as in effect from time to time, but in no event shall Executive be
entitled to less than four (4) weeks paid vacation per year.

(iii) OTHER EXECUTIVE PERQUISITES. The Company shall provide Executive with
other executive perquisites as may be made available to or deemed appropriate
for Executive by the Board or a committee of the Board and participation in all
other Company-

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wide employee benefits (including group insurance, pension, retirement, and
other plans and programs) as are available to the Company’s executive officers
from time to time.

3. NON-COMPETITION AGREEMENT.

(a) NON-COMPETITION. Executive shall not, during the period of his employment by
or with the Company, and for a period equal to the longer of two (2) years
immediately following the termination of his employment under this Agreement or
the time during which severance payments are being made by the Company to
Executive in accordance with this Agreement, for any reason whatsoever, directly
or indirectly, for himself or on behalf of or in conjunction with any other
person:

(i) OTHER ACTIVITIES. Engage, as an officer, director, shareholder, owner,
principal, partner, lender, joint venturer, employee, independent contractor,
consultant, advisor, or sales representative, in any Competitive Business within
the Restricted Territory;

(ii) SOLICITATION OF EMPLOYEES. Call upon any person who is, at that time,
within the Restricted Territory, an employee of the Company or any of its
subsidiaries, in a managerial capacity for the purpose or with the intent of
enticing such employee away from or out of the employ of the Company or any of
its subsidiaries;

(iii) SOLICITATION OF CUSTOMERS. Call upon any person or entity that is, at that
time, or that has been, within one (1) year prior to that time, a customer of
the Company or any of its subsidiaries, within the Restricted Territory for the
purpose of soliciting or selling products or services in direct competition with
the Company or any of its subsidiaries within the Restricted Territory;

(iv) SOLICITATION OF ACQUISITION CANDIDATES. Call upon any prospective
acquisition candidate, on Executive’s own behalf or on behalf of any person,
which candidate was, to Executive’s knowledge after due inquiry, either called
upon by the Company, or for which the Company made an acquisition analysis, for
the purpose of acquiring such candidate.

(b) CERTAIN DEFINITIONS. As used in this Agreement, the following terms shall
have the meanings ascribed to them:

(i) COMPETITIVE BUSINESS shall mean any person that sells, rents, brokers,
leases, stores, repairs, restores, or services recreational boats or other
boating products or provides services relating to recreational boats or other
boating products;

(ii) PERSON shall mean any individual, corporation, limited liability company,
partnership, firm, or other business of whatever nature;

(iii) RESTRICTED TERRITORY shall mean any state or other political jurisdiction
in which, or any location within two hundred (200) miles of which, the Company
or any subsidiary of the Company maintains any facilities; sells, rents,
brokers, leases, stores,

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repairs, restores, or services recreational boats or other boating products; or
provides services relating to recreational boats or other boating products; and

(iv) SUBSIDIARY shall mean the Company’s consolidated subsidiaries, including
corporations, partnerships, limited liability companies, and any other business
organization in which the Company holds at least a fifty percent (50%) equity
interest.

(c) ENFORCEMENT. Because of the difficulty of measuring economic losses to the
Company as a result of a breach of the foregoing covenants, and because of the
immediate and irreparable damage that could be caused to the Company for which
it would have no other adequate remedy, Executive agrees that the foregoing
covenants may be enforced by the Company in the event of breach by him, by
injunctions and restraining orders.

(d) REASONABLE RESTRAINT. It is agreed by the parties that the foregoing
covenants in this paragraph 3 impose a reasonable restraint on Executive in
light of the activities and business of the Company (including the Company’s
subsidiaries) on the date of the execution of this Agreement and the current
plans of the Company (including the Company’s subsidiaries); but it is also the
intent of the Company and Executive that such covenants be construed and
enforced in accordance with the changing activities, business, and locations of
the Company (including the Company’s subsidiaries) throughout the term of this
covenant, whether before or after the date of termination of the employment of
Executive. For example, if, during the term of this Agreement, the Company
(including the Company’s subsidiaries) engages in new and different activities,
enters a new business, or establishes new locations for its current activities
or business in addition to or other than the activities or business enumerated
above or the locations currently established therefor, then Executive will be
precluded from soliciting the customers or employees of such new activities or
business or from such new location and from directly competing with such new
business within the Restricted Territory through the term of these covenants.

(e) OTHER ACTIVITIES. It is further agreed by the parties that, in the event
that Executive shall cease to be employed hereunder and enters into a business
or pursues other activities not in competition with the Company (including the
Company’s subsidiaries), or similar activities or business in locations, the
operation of which, under such circumstances, does not violate this paragraph 3,
and in any event such new business, activities, or location are not in violation
of this paragraph 3 or of Executive’s obligations under this paragraph 3, if
any, Executive shall not be chargeable with a violation of this paragraph 3 if
the Company (including the Company’s subsidiaries) shall thereafter enter the
same, similar, or a competitive (i) business, (ii) course of activities, or
(iii) location, as applicable.

(f) SEPARATE COVENANTS. The covenants in this paragraph 3 are severable and
separate, and the unenforceability of any specific covenant shall not affect the
provisions of any other covenant. Moreover, in the event any court of competent
jurisdiction shall determine that the scope, time, or territorial restrictions
set forth are unreasonable, then it is the intention of the parties that such
restrictions be enforced to the fullest extent that the court deems reasonable,
and the Agreement shall thereby be reformed.

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(g) INDEPENDENT AGREEMENT. All of the covenants in this paragraph 3 shall be
construed as an agreement independent of any other provision in this Agreement,
and the existence of any claim or cause of action of Executive against the
Company, whether predicated on this Agreement or otherwise, shall not constitute
a defense to the enforcement by the Company of such covenants. It is
specifically agreed that the period of two (2) years following termination of
employment stated at the beginning of this paragraph 3, during which the
agreements and covenants of Executive made in this paragraph 3 shall be
effective, shall be computed by excluding from such computation any time during
which Executive is in violation of any provision of this paragraph 3.

4. TERM; TERMINATION; RIGHTS ON TERMINATION.

(a) TERM. Unless terminated sooner as provided herein, the term of Executive’s
employment under this Agreement shall begin on the date hereof and continue for
three (3) years thereafter (the “Initial Term”) and shall continue on a renewal
basis from year to year thereafter (each a “Renewal Term” and with the Initial
Term, the “Term”) on the same terms and conditions in effect as of the time of
the latest renewal unless and until notice of non-renewal shall be given by
either party to the other not less than sixty (60) days prior to the end of the
then current term.

(b) TERMINATION. Executive’s employment under this Agreement may be terminated
in any one of the followings ways:

(i) DEATH OF EXECUTIVE. The employment of Executive shall terminate immediately
upon Executive’s death provided that the Company shall, for a period of six (6)
months following such death, pay to the estate of Executive an amount equal to
Executive’s base salary and any earned bonus. In the event of such termination,
all options to purchase Common Stock of the Company held by Executive shall
thereupon vest and shall be exercisable during their full term notwithstanding
the termination of employment.

(ii) DISABILITY OF EXECUTIVE. If, as a result of incapacity due to physical or
mental illness or injury, Executive shall have been absent from his full-time
duties hereunder for six (6) consecutive months, then thirty (30) days after
receiving written notice (which notice may occur before or after the end of such
six (6) month period, but which shall not be effective earlier than the last day
of such six (6) month period), the Company may terminate Executive’s employment
provided Executive is unable to resume his full-time duties at the conclusion of
such notice period. Also, Executive may terminate his employment if his health
should become impaired to an extent that makes the continued performance of his
duties hereunder hazardous to his physical or mental health or his life,
provided that Executive shall have furnished the Company with a written
statement from a qualified doctor to such effect and provided, further, that, at
the Company’s request made within thirty (30) days of the date of such written
statement, Executive shall submit to an examination by a doctor selected by the
Company who is reasonably acceptable to Executive or Executive’s doctor and such
doctor shall have concurred in the conclusion of Executive’s doctor. In the
event Executive’s employment under this Agreement is terminated as a result of
Executive’s disability, Executive shall receive from the Company, in a lump-sum
payment due within ten (10) days of the effective date of termination, an amount
equal to the average of the base salary and bonus paid to Executive for

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the two (2) prior full fiscal years, for the lesser of the time period then
remaining under the Term of this Agreement or for one (1) year. In the event of
such termination, all options to purchase Common Stock of the Company held by
Executive shall thereupon vest and shall be exercisable during their full term
notwithstanding the termination of employment.

(iii) TERMINATION BY THE COMPANY FOR GOOD CAUSE. The Company may terminate
Executive’s employment upon ten (10) days prior written notice to Executive for
“Good Cause,” which shall mean any one or more of the following: (A) Executive’s
willful, material, and irreparable breach of this Agreement; (B) Executive’s
gross negligence in the performance or intentional nonperformance (continuing
for thirty (30) days after receipt of written notice of need to cure) of any of
Executive’s material duties and responsibilities hereunder; (C) Executive’s
willful dishonesty, fraud, or misconduct with respect to the business or affairs
of the Company, which materially and adversely affects the operations or
reputation of the Company; (D) Executive’s conviction of a felony crime
involving dishonesty or moral turpitude; or (E) a confirmed positive illegal
drug test result. In the event of a termination by the Company for Good Cause,
Executive shall have no right to any severance compensation.

(iv) TERMINATION BY THE COMPANY WITHOUT GOOD CAUSE OR BY EXECUTIVE WITH GOOD
REASON; FAILURE OF THE COMPANY TO RENEW. The Company may terminate Executive’s
employment without Good Cause during the Term hereof upon the approval of a
majority of the members of the Board, excluding Executive if Executive is a
member of the Board. Executive may terminate his employment under this Agreement
for Good Reason upon ten (10) days prior notice to the Company. In addition, the
Company may determine not to renew Executive’s employment under this Agreement.

(A) RESULT OF TERMINATION BY THE COMPANY WITHOUT GOOD CAUSE OR BY EXECUTIVE WITH
GOOD REASON. Should the Company terminate Executive’s employment without Good
Cause or should Executive terminate his employment with Good Reason during the
Term, or should the Company determine not to renew Executive’s employment under
this Agreement at any time following the Initial Term, the Company shall pay to
Executive for eighteen (18) months after such termination, on such dates as
would otherwise be paid by the Company, an amount equal to the average of the
base salary and bonus paid to Executive for the two (2) prior full fiscal years.
Further, if the Company terminates Executive’s employment without Good Cause or
Executive terminates his employment with Good Reason, (1) all options to
purchase Common Stock of the Company held by Executive shall vest thereupon and
shall be exercisable during their full term notwithstanding the termination of
employment, and (2) Executive shall be entitled to receive all other unpaid
benefits due and owing through Executive’s last day of employment. Further, any
termination by the Company without Good Cause or by Executive for Good Reason
shall operate to shorten the period of non-competition set forth in paragraph 3
and during which the terms of paragraph 3 apply to one (1) year from the date of
termination of employment.

(B) DEFINITION OF GOOD REASON. Executive shall have “Good Reason” to terminate
his employment upon the occurrence of any of the following events: (1) Executive
is demoted by means of a reduction in authority, responsibilities, or duties;
(2) Executive’s annual base salary as determined pursuant to paragraph 2 is
reduced to a level that is

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less than ninety percent (90%) of the base salary paid to Executive during the
prior contract year under this Agreement; (3) a change is made in Executive’s
bonus other than as contemplated by paragraph 2(b), unless Executive has agreed
in writing to that demotion, reduction, or change; or (4) the Company breaches a
material provision of this Agreement.

(v) RESIGNATION BY EXECUTIVE WITHOUT GOOD REASON. Executive may, without cause,
and without Good Reason terminate his own employment under this Agreement,
effective thirty (30) days after written notice is provided to the Company or
such earlier time as any such resignation may be accepted by the Company. If
Executive resigns or otherwise terminates his employment without Good Reason,
Executive shall receive no severance compensation.

(vi) CHANGE IN CONTROL OF THE COMPANY.

(A) POSSIBILITY OF CHANGE IN CONTROL. Executive understands and acknowledges
that the Company may be merged or consolidated with or into another entity and
that such entity shall automatically succeed to the rights and obligations of
the Company hereunder or that the Company may undergo another type of Change in
Control. In the event such a merger or consolidation or other Change in Control
is initiated prior to the end of the Term, then the provisions of this paragraph
4(b)(vi) shall be applicable.

(B) TERMINATION BY EXECUTIVE. Subject to the exceptions set forth in paragraph
4(b)(vi)(E), if any Change of Control is initiated during Executive’s employment
hereunder, Executive may, at his sole discretion, elect to terminate his
employment under this Agreement by providing written notice to the Company at
least five (5) business days at any time prior to or within one (1) year after
the closing of the transaction giving rise to the Change in Control. In such
case, the applicable provisions of paragraph 4(b)(iv) hereof will apply as
though the Company had terminated Executive’s employment without Good Cause
during the Term; however, under such circumstances, the amount of the severance
payments due to Executive shall be paid in a lump sum, the non-competition and
non-solicitation provisions of paragraph 3 hereof shall all apply for a period
of one (1) year from the effective date of termination.

(C) EFFECTIVE DATE OF CHANGE IN CONTROL. For purposes of applying paragraph 4
hereof under the circumstances described in 4(b)(vi)(B) above, the effective
date of the Change in Control will be the closing date of the transaction giving
rise to the Change in Control and all compensation, reimbursements, and lump-sum
payments due Executive must be paid in full by the Company following such Change
in Control promptly following Executive’s election to terminate his employment.
Further, Executive will be given sufficient time and opportunity to elect
whether to exercise all or any of his options to purchase the Company’s Common
Stock, such that he may convert the options to shares of the Company’s Common
Stock at or prior to or within one (1) year after the closing of the transaction
giving rise to the Change in Control, if he so desires.

(D) DEFINITION OF CHANGE IN CONTROL. A “Change in Control” shall mean a change
in control of a nature that would be required to be reported in response to Item
6(e) of Schedule 14A of Regulation 14A promulgated under the Securities

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Exchange Act of 1934, as amended, as in effect on the date of this Agreement, or
if Item 6(e) is no longer in effect, any regulations issued by the Securities
and Exchange Commission pursuant to the Securities Exchange Act of 1934, as
amended, which serve similar purposes; provided further that, without
limitation, a Change in Control shall be deemed to have occurred if and when:

(1) TURNOVER OF BOARD. The following individuals no longer constitute a majority
of the members of the Board: (A) the individuals who, as of the date of this
Agreement, constitute the Board (the “Current Directors”); (B) the individuals
who thereafter are elected to the Board and whose election, or nomination for
election, to the Board was approved by a vote of at least two-thirds (2/3) of
the Current Directors then still in office (such directors becoming “Additional
Directors” immediately following their election); and (C) the individuals who
are elected to the Board and whose election, or nomination for election, to the
Board was approved by a vote of at least two-thirds (2/3) of the Current
Directors and Additional Directors then still in office (such directors also
becoming “Additional Directors” immediately following their election);

(2) TENDER OFFER. A tender offer or exchange offer is made whereby the effect of
such offer is to take over and control the Company, and such offer is
consummated for the equity securities of the Company representing twenty percent
(20%) or more of the combined voting power of the Company’s then outstanding
voting securities;

(3) MERGER OR CONSOLIDATION. The stockholders of the Company shall approve a
merger, consolidation, recapitalization, or reorganization of the Company, a
reverse stock split of outstanding voting securities, or consummation of any
such transaction if stockholder approval is not obtained, other than any such
transaction that would result in at least seventy-five percent (75%) of the
total voting power represented by the voting securities of the surviving entity
outstanding immediately after such transaction being beneficially owned by the
holders of outstanding voting securities of the Company immediately prior to the
transaction, with the voting power of each such continuing holder relative to
other such continuing holders not substantially altered in the transaction; or

(4) LIQUIDATION OR SALE OF ASSETS. The stockholders of the Company shall approve
a plan of complete liquidation of the Company or an agreement for the sale or
disposition by the Company of all or a substantial portion of the Company’s
assets to another person or entity, which is not a wholly owned subsidiary of
the Company (i.e., fifty percent (50%) or more of the total assets of the
Company).

(E) EXCEPTIONS FROM CHANGE IN CONTROL. A Change in Control shall not be
considered to have taken place for purposes of this paragraph 4 in the event
that both (1) the Change in Control shall have been specifically approved by at
least two-thirds (2/3) of the Current and Additional Directors (as defined
above) and (2) the provisions of this Agreement remain in full force and effect
as to Executive. Sales of the Company’s Common Stock beneficially owned or
controlled by the Company shall not be considered in determining whether a
Change in Control has occurred.

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(F) EXCESS PARACHUTE PAYMENTS. Anything in this Agreement to the contrary
notwithstanding, in the event it shall be determined that any payment,
distribution or other action by the Company to or for the benefit of the
Executive (whether paid or payable or distributed or distributable pursuant to
the terms of this Agreement or otherwise, (including any additional payments
required under this Section 4((b)(vii)(F)) (a “Payment”) would be subject to an
excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as
amended (the “Code”), or any interest or penalties are incurred by the Executive
with respect to any such excise tax (such excise tax, together with any such
interest and penalties, are hereinafter collectively referred to as the “Excise
Tax”), the Company shall make a payment to the Executive (a “Gross-Up Payment”)
in an amount such that after payment by the Executive of all taxes (including
any Excise Tax) imposed upon the Gross-Up Payment, the Executive retains (or has
had paid to the Internal Revenue Service on his behalf) an amount of the
Gross-Up Payment equal to the Excise Tax imposed upon the Payments The Gross-Up
Payment will be due and payable by the Company or its successor within ten
(10) days after Executive delivers a written request for reimbursement
accompanied by a copy of his tax return(s) showing the Excise Tax actually
incurred by Executive.

(G) NOTIFICATION. Executive shall be notified in writing by the Company at any
time that the Company anticipates that a Change in Control may take place.

(c) PAYMENTS TO TERMINATION DATE. Upon termination of Executive’s employment
under this Agreement for any reason provided above, Executive shall be entitled
to receive all compensation earned and all benefits and reimbursements due
through the effective date of termination. Additional compensation subsequent to
termination, if any, will be due and payable to Executive only to the extent and
in the manner expressly provided above. All other rights and obligations of the
Company and Executive under this Agreement shall cease as of the effective date
of termination, except that the Company’s obligations under paragraph 8
(relating to indemnification of Executive) and Executive’s obligations under
paragraph 3 (relating to non-competition), paragraph 5 (relating to return of
Company property), paragraph 6 (relating to inventions), paragraph 7 (relating
to trade secrets), and paragraph 9 (relating to prior agreements) shall survive
such termination in accordance with their terms.

(d) FAILURE TO PAY EXECUTIVE. If termination of Executive’s employment arises
out of the Company’s failure to pay Executive on a timely basis the amounts to
which he is entitled under this Agreement or as a result of any other breach of
this Agreement by the Company, as determined by a court of competent
jurisdiction or pursuant to the provisions of paragraph 14, the Company shall
pay all amounts and damages to which Executive may be entitled as a result of
such breach, including interest thereon and all reasonable legal fees and
expenses and other costs incurred by Executive to enforce his rights hereunder.
Further, none of the provisions of paragraph 3 (relating to non-competition)
shall apply in the event Executive’s employment under this Agreement is
terminated as a result of a breach by the Company.

5. RETURN OF COMPANY PROPERTY. All records, designs, patents, business plans,
financial statements, manuals, memoranda, lists, and other property delivered to
or compiled by Executive by or on behalf of the Company (or its subsidiaries) or
its representatives, vendors, or customers that pertain to the business of the
Company (or its subsidiaries) shall be and remain the property of the Company
and be subject at all times to its discretion and control. Likewise,

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all correspondence, reports, records, charts, advertising materials, and other
similar data pertaining to the business, activities, or future plans of the
Company (or its subsidiaries) that is collected by Executive shall be delivered
promptly to the Company without request by it upon termination of Executive’s
employment.

6. INVENTIONS. Executive shall disclose promptly to the Company any and all
significant conceptions and ideas for inventions, improvements, and valuable
discoveries, whether patentable or not, which are conceived or made by
Executive, solely or jointly with another, during the period of employment or
within one (1) year thereafter, and which are directly related to the business
or activities of the Company (or its subsidiaries) and which Executive conceives
as a result of his employment by the Company. Executive hereby assigns and
agrees to assign all his interests therein to the Company or its nominee.
Whenever requested to do so by the Company, Executive shall execute any and all
applications, assignments, and other instruments that the Company shall deem
necessary to apply for and obtain Letters Patent of the United States or any
foreign country or to otherwise protect the Company’s interest therein.

7. TRADE SECRETS. Executive agrees that he will not, during or after the period
of employment under this Agreement, disclose the specific terms of the Company’s
relationships or agreements with its respective significant vendors or
customers, or any other significant and material trade secret of the Company,
whether in existence or proposed, to any person, firm, partnership, corporation,
or business for any reason or purpose whatsoever.

8. INDEMNIFICATION. In the event Executive is made a party to any threatened,
pending, or completed action, suit, or proceeding, whether civil, criminal,
administrative, or investigative (other than an action by the Company against
Executive), by reason of the fact that he is or was performing services under
this Agreement, then the Company shall indemnify Executive against all expenses
(including attorneys’ fees), judgments, fines, and amounts paid in settlement,
as actually and reasonably incurred by Executive in connection therewith to the
maximum extent permitted by applicable law. The advancement of expenses shall be
mandatory. In the event that both Executive and the Company are made a party to
the same third-party action, complaint, suit, or proceeding, the Company agrees
to engage competent legal representation, and Executive agrees to use the same
representation, provided that if counsel selected by the Company shall have a
conflict of interest that prevents such counsel from representing Executive,
Executive may engage separate counsel and the Company shall pay all attorneys’
fees of such separate counsel. Further, while Executive is expected at all times
to use his best efforts to faithfully discharge his duties under this Agreement,
Executive cannot be held liable to the Company for errors or omissions made in
good faith if Executive has not exhibited gross, willful, and wanton negligence
and misconduct or performed criminal and fraudulent acts that materially damage
the business of the Company. Notwithstanding this paragraph 8, the provision of
any written indemnification agreement applicable to the directors or officers of
the Company to which Executive shall be a party shall apply rather than this
paragraph 8 to the extent inconsistent with this paragraph 8.

9. NO PRIOR AGREEMENTS. Executive hereby represents and warrants to the Company
that the execution of this Agreement by Executive and his employment by the
Company and the performance of his duties hereunder will not violate or be a
breach of any

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agreement with a former employer, client, or any other person or entity.
Further, Executive agrees to indemnify the Company for any claim, including, but
not limited to, attorneys’ fees and expenses of investigation, by any such third
party that such third party may now have or may hereafter come to have against
the Company based upon or arising out of any non-competition, invention, or
secrecy agreement between Executive and such third party that was in existence
as of the date of this Agreement.

10. ASSIGNMENT; BINDING EFFECT. Executive understands that he is being employed
by the Company on the basis of his personal qualifications, experience, and
skills. Executive agrees, therefore, he cannot assign all or any portion of his
performance under this Agreement. Subject to the preceding two (2) sentences and
the express provisions of paragraph 11 below, this Agreement shall be binding
upon, inure to the benefit of and be enforceable by the parties hereto and their
respective heirs, legal representatives, successors, and assigns.

11. COMPLETE AGREEMENT. This Agreement is not a promise of future employment.
Executive has no oral representations, understandings, or agreements with the
Company or any of its officers, directors, or representatives covering the same
subject matter as this Agreement. This written Agreement is the final, complete,
and exclusive statement and expression of the agreement between the Company and
Executive and of all the terms of this Agreement, and it cannot be varied,
contradicted, or supplemented by evidence of any prior or contemporaneous oral
or written agreements. This written Agreement may not be later modified except
by a further writing signed by a duly authorized officer of the Company and
Executive, and no term of this Agreement may be waived except by writing signed
by the party waiving the benefit of such term. This Agreement hereby supersedes
any other employment agreements or understandings, written or oral, between the
Company and Executive.

12. NOTICE. Whenever any notice is required hereunder, it shall be given in
writing addressed as follows:

         
To the Company:
      MarineMax, Inc.

      18167 U.S. Highway 19 North, Suite 300

      Clearwater, Florida 33764

      Attention: Chief Executive Officer
 
       
To Executive:
      Michael H. McLamb

      18167 U.S. Highway 19 North, Suite 300

      Clearwater, Florida 33764
 
       
In either case with a copy to:
      Greenberg Traurig, LLP

      2375 East Camelback Road

      Suite 700

      Phoenix, Arizona 85016

      Attention: Robert S. Kant, Esq.

Notice shall be deemed given and effective on the earlier of three (3) days
after the deposit in the U.S. mail of a writing addressed as above and sent
first class mail, certified,

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return receipt requested, or when actually received. Either party may change the
address for notice by notifying the other party of such change in accordance
with this paragraph 13.

13. SEVERABILITY; HEADINGS. If any portion of this Agreement is held invalid or
inoperative, the other portions of this Agreement shall be deemed valid and
operative and, so far as is reasonable and possible, effect shall be given to
the intent manifested by the portion held invalid or inoperative. The paragraph
headings herein are for reference purposes only and are not intended in any way
to describe, interpret, define or limit the extent or intent of the Agreement or
of any part hereof.

14. MEDIATION ARBITRATION. All disputes arising out of this Agreement shall be
resolved as set forth in this paragraph 15. If any party hereto desires to make
any claim arising out of this Agreement (“Claimant”), then such party shall
first deliver to the other party (“Respondent”) written notice (“Claim Notice”)
of Claimant’s intent to make such claim explaining Claimant’s reasons for such
claim in sufficient detail for Respondent to respond. Respondent shall have ten
(10) business days from the date the Claim Notice was given to Respondent to
object in writing to the claim (“Notice of Objection”), or otherwise cure any
breach hereof alleged in the Claim Notice. Any Notice of Objection shall specify
with particularity the reasons for such objection. Following receipt of the
Notice of Objection, if any, Claimant and Respondent shall immediately seek to
resolve by good faith negotiations the dispute alleged in the Claim Notice, and
may at the request of either party, utilize the services of an independent
mediator. If Claimant and Respondent are unable to resolve the dispute in
writing within ten (10) business days from the date negotiations began, then
without the necessity of further agreement of Claimant or Respondent, the
dispute set forth in the Claim Notice shall be submitted to binding arbitration
(except for claims arising out of paragraphs 3 or 7 hereof), initiated by either
Claimant or Respondent pursuant to this paragraph. Such arbitration shall be
conducted before a panel of three (3) arbitrators in Tampa, Florida, in
accordance with the National Rules for the Resolution of Employment Disputes of
the American Arbitration Association (“AAA”) then in effect provided that the
parties may agree to use arbitrators other than those provided by the AAA. The
arbitrators shall not have the authority to add to, detract from, or modify any
provision hereof nor to award punitive damages to any injured party. The
arbitrators shall have the authority to order back-pay, severance compensation,
vesting of options (or cash compensation in lieu of vesting of options),
reimbursement of costs, including those incurred to enforce this Agreement, and
interest thereon in the event the arbitrators determine that Executive was
terminated without disability or without Good Cause, as defined in paragraphs
4(b) and 4(c) hereof, respectively, or that the Company has otherwise materially
breached this Agreement. A decision by a majority of the arbitration panel shall
be final and binding. Judgment may be entered on the arbitrators’ award in any
court having jurisdiction. The direct expense of any mediation or arbitration
proceeding and, to the extent Executive prevails, all reasonable legal fees
shall be borne by the Company.

15. NO PARTICIPATION IN SEVERANCE PLANS. Except as contemplated by this
Agreement, Executive acknowledges and agrees that the compensation and other
benefits set forth in this Agreement are and shall be in lieu of any
compensation or other benefits that may otherwise be payable to or on behalf of
Executive pursuant to the terms of any severance pay arrangement of the Company
or any affiliate thereof, or any other similar arrangement of the

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Company or any affiliates thereof providing for benefits upon involuntary
termination of employment.

16. GOVERNING LAW. This Agreement shall in all respects be construed according
to the laws of the state of Florida, notwithstanding the conflict of laws
provisions of such state.

17. COUNTERPARTS; FACSIMILE. This Agreement may be executed by facsimile and in
two (2) or more counterparts, each of which shall be deemed an original and all
of which together shall constitute but one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.

MARINEMAX, INC.

             

  By:   /s/ Bill McGill    

     

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        Title CEO, Chairman     Name: William H. McGill     Its: CEO, Chairman

EXECUTIVE:

/s/ Michael H. McLamb

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                                                              Michael H. McLamb

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