**Exhibit 10.3****SIXTH AMENDMENT**     SIXTH AMENDMENT (this “Amendment”), dated as of February 14, 2008, to the Amended andRestated Credit Agreement dated as of June 3, 2005 (the “Credit Agreement”), amongQuiksilver, Inc., a Delaware corporation, Quiksilver Americas, Inc., a California corporation, theseveral banks and other institutions from time to time parties thereto (the “Lenders”),Bank of America, N.A., as documentation agent, Union Bank of California, N.A., as syndicationagent, JPMorgan Chase Bank, N.A., as US administrative agent for the US Lenders thereunder (in suchcapacity, the “US Administrative Agent”), JPMorgan Chase Bank, N.A., London Branch, as analternate currency fronting lender, J.P. Morgan Europe Limited, as alternate currency frontingagent (in such capacity, the “Alternate Currency Fronting Agent”), and JPMorgan Chase Bank,N.A., Toronto Branch, as Canadian administrative agent for the Canadian Lenders (in such capacity,the “Canadian Administrative Agent”).WITNESSETH:     WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made,certain loans and other extensions of credit to the Borrowers;     WHEREAS, the Borrowers have requested that certain provisions of the Credit Agreement beamended as set forth herein; and     WHEREAS, the Lenders are willing to agree to such amendment on the terms set forth herein;     NOW THEREFORE, in consideration of the premises and mutual covenants contained herein, theundersigned hereby agree as follows:     I. Defined Terms. Terms defined in the Credit Agreement and used herein shall havethe meanings given to them in the Credit Agreement.     II. Amendments to Section 1.1. The following definitions are hereby inserted inappropriate alphabetical order:          “Pilot SAS”: Pilot SAS, a Société par Actions Simplifiée and a wholly-owned indirectsubsidiary of Quiksilver.          “Pilot SAS Facility”: that certain unsecured one-year credit agreement (*Contratd’ouverture d’un crédit de Trésorerie à 364 jours*), dated as of [___________, ___], 2008 among PilotSAS, Crédit Lyonnais SA, BNP Paribas SA and Société Générale SA .     III. Amendments to Section 6.2. Section 6.2 is hereby amended by (1) deleting the“and” at the end of clause (m), (2) deleting the “.” at the end of clause (n) and substituting inlieu thereof the phrase “; and”, and (3) inserting a new clause (o) to read as follows:“(o) Guarantee Obligations of Quiksilver in connection with the Pilot SAS Facilityin an amount not to exceed the US Dollar Equivalent of €130,000,000.”
 

 
     IV. Amendment to Section 6.8. Section 6.8 is hereby amended by inserting theparenthetical “(other than the transactions permitted under Section 6.2(o) hereof)” immediatelyafter the phrase “enter into any transaction”.     V. Effective Date. This Amendment shall become effective on the date (the“Effective Date”) on which the Borrowers and the Majority Lenders under the CreditAgreement shall have duly executed and delivered to the US Administrative Agent this Amendment.     VI. Representations and Warranties. (i) The Borrowers hereby represent and warrantthat (a) each of the representations and warranties in Article III of the Credit Agreement shallbe, after giving effect to this Amendment, true and correct in all material respects as if made onand as of the Effective Date (unless such representations and warranties are stated to relate to aspecific earlier date, in which case such representations and warranties shall be true and correctin all material respects as of such earlier date) and (b) after giving effect to this Amendment, noDefault or Event of Default shall have occurred and be continuing. (ii) The Borrowers herebyrepresent and warrant that they will deliver, or cause to be delivered, to the US AdministrativeAgent and the Lenders a copy of the fully executed Pilot SAS Facility as soon as available but inany event within 5 days after execution thereof.     VII. No Other Amendments; Confirmation. Except as expressly amended hereby, theprovisions of the Credit Agreement, as amended and restated, are and shall remain in full force andeffect.     VIII. Governing Law. This Amendment and the rights and obligations of the partieshereto shall be governed by, and construed and interpreted in accordance with, the laws of theState of New York.     IX. Counterparts. This Amendment may be executed by one or more of the parties heretoon any number of separate counterparts, and all of said counterparts taken together shall be deemedto constitute one and the same instrument. This Amendment may be delivered by facsimiletransmission of the relevant signature pages hereof.[signature pages follow]
 

 
     IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed and delivered bytheir duly authorized officers as of the date first above written.      QUIKSILVER, INC.