Document:

EX10.1

 Exhibit 10.1 

FIRST INCREMENTAL FACILITY AMENDMENT AND FIRST AMENDMENT 

dated as of August 21, 2018 

to the 
 SECOND AMENDED AND
RESTATED CREDIT AGREEMENT 
 dated as of June 28, 2017 

among 
 MALIBU BOATS, LLC, 

as the Borrower 
 MALIBU BOATS
HOLDINGS, LLC, 
 as the Parent and a Guarantor 

THE SUBSIDIARIES OF THE BORROWER IDENTIFIED HEREIN, 

as the other Guarantors 
 THE
LENDERS FROM TIME TO TIME PARTY HERETO, 
 JPMORGAN CHASE BANK, N.A. 

as Syndication Agent 
 FIRST
TENNESSEE BANK NATIONAL ASSOCIATION 
 and 

REGIONS BANK, 
 as Co-Documentation Agents 
 and 

SUNTRUST BANK, 
 as Administrative
Agent, Swingline Lender and Issuing Bank 
  

 
 SUNTRUST
ROBINSON HUMPHREY, INC. 
 and 

JPMORGAN CHASE BANK, N.A., 
 as
Joint Lead Arrangers and Joint Bookrunners 

 FIRST INCREMENTAL FACILITY AMENDMENT AND FIRST AMENDMENT 

TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

THIS FIRST INCREMENTAL FACILITY AMENDMENT AND FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) dated as of August 21, 2018 (the “Effective Date”) to the Credit Agreement referenced below is by and among Malibu Boats, LLC, a Delaware limited liability company (the
“Borrower”), Malibu Boats Holdings, LLC, a Delaware limited liability company (the “Parent”), the Guarantors identified on the signature pages hereto, the Incremental Lenders (defined below) and SunTrust Bank, in
its capacity as Administrative Agent (in such capacity, the “Administrative Agent”). 
 W I T N E S S E T H 

WHEREAS, a revolving credit facility and term loan facility have been extended to the Borrower pursuant to the Second Amended and Restated
Credit Agreement (as further amended, modified, supplemented, increased and extended from time to time, the “Credit Agreement”) dated as of June 28, 2017 among the Borrower, the Parent, the Guarantors identified therein, the
Lenders identified therein and the Administrative Agent; 
 WHEREAS, subject to the terms and conditions of the Credit Agreement, and
pursuant to Section 2.23 of the Credit Agreement, the Borrower has requested that (a) the financial institutions identified on the signature pages hereto as “Incremental Lenders” (collectively, the “Incremental
Lenders”) provide a portion of an increase to the Aggregate Revolving Commitments in an aggregate principal amount of $50,000,000 as set forth on Schedule I attached hereto (the “Incremental Revolving Commitments”)
and (b) the Credit Agreement be amended in the manner provided for herein; and 
 WHEREAS, each Incremental Lender has agreed to
provide an Incremental Revolving Commitment and the Required Lenders have agreed to amend the Credit Agreement, in each case on the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 1.    Defined Terms. Capitalized terms used herein but not otherwise
defined herein shall have the meanings provided to such terms in the Credit Agreement as amended by this Amendment. 
 2.    Increase
of Aggregate Revolving Commitments. 
 (a)    Each Incremental Lender severally agrees to make its portion of the
increase in the Aggregate Revolving Commitments available to the Borrower in an amount equal to its Incremental Revolving Commitment. The Incremental Revolving Commitments of the Incremental Lenders shall be as set forth on Schedule I
attached hereto. The existing Schedule I to the Credit Agreement shall be deemed to be amended to include the information set forth on Schedule I attached hereto. Subject to the occurrence of the Incremental Revolving Commitment Availability
Date, the Aggregate Revolving Commitments shall be $85,000,000. 
 (b)    Subject to the terms and express conditions
set forth herein, each Incremental Lender severally agrees to make its Incremental Revolving Commitment available to the Borrower in Dollars commencing on the Business Day on which the conditions specified in Section 5 of
this Amendment are met (the “Incremental Revolving Commitment Availability Date”), which shall occur on or prior to October 25, 2018. 

 (c)    The proceeds of the initial Borrowing pursuant to the Incremental
Revolving Commitments shall be used by the Borrower solely to pay (i) for the acquisition by the Borrower, directly or indirectly through a wholly-owned Subsidiary, of substantially all of the assets of the business of S2 Yachts, Inc., a
Michigan corporation, operated under the “Pursuit” name brand and the related real property located in Ft. Pierce, Florida owned by Gen 123 Properties, LLC, a Michigan limited liability company (the “Lake Tahoe
Acquisition”), pursuant to the Asset Purchase Agreement dated as of the date hereof by and among the Borrower, Purchaser (as defined therein), Seller (as defined therein) and Principal (as defined therein) (the “Lake Tahoe Purchase
Agreement”; the assets, rights and properties acquired pursuant to the Lake Tahoe Purchase Agreement are referred to herein as the “Lake Tahoe Purchased Assets”) and (ii) fees and expenses incurred in connection with
the Lake Tahoe Acquisition, this Amendment and the Incremental Revolving Commitments and any related transaction. 

(d)    The Applicable Margin with respect to the Incremental Revolving Commitments shall be as set forth in the Credit
Agreement. 
 (e)    The Commitment Fee with respect to the Incremental Revolving Commitments shall be as set forth in
the Credit Agreement, and with respect to the Incremental Revolving Commitments, shall be effective as of the Incremental Revolving Commitment Availability Date. 

(f)    The Maturity Date with respect to the Incremental Revolving Commitments established pursuant to this Agreement
shall be as set forth in the Credit Agreement. 
 (g)    The obligation of each Incremental Lender to make the initial
Borrowing under its Incremental Revolving Commitment is subject solely to satisfaction or waiver of the conditions set forth in Section 5 of this Amendment. Each Incremental Lender hereby confirms that there are no other
conditions (express or implied) to the funding of the Incremental Revolving Commitments. For avoidance of doubt, any Incremental Revolving Loans extended under the Incremental Revolving Commitments after the Initial Incremental Revolving Loan
Funding Date shall be subject to the conditions in Section 3.3 of the Credit Agreement. 

(h)    The Borrower agrees to pay to the Administrative Agent for the account of each Incremental Lender (i) a
ticking fee (the “Incremental Ticking Fee”), which shall accrue at a rate of 0.30% per annum on the aggregate amount of the Incremental Revolving Commitments of such Lender during the period beginning on August 21, 2018 and
ending on the Incremental Revolving Availability Date. Accrued Incremental Ticking Fees shall be payable in arrears on September 30, 2018 and on the Incremental Revolving Availability Date. For avoidance of doubt, the Incremental Ticking Fee
shall cease to accrue in the event that the Incremental Revolving Commitment Availability Date does not occur on or prior to October 25, 2018. 

3.    Amendments to Credit Agreement. 

(a)    Subject to the occurrence of the conditions set forth in Section 4 below: 

(i)    Section 1.1 of the Credit Agreement is amended by adding the following definitions in the
appropriate alphabetical order: 
 “Beneficial Ownership Certification” means a certification regarding
beneficial ownership required by the Beneficial Ownership Regulation. 

  
 2 

 “Beneficial Ownership Regulation” means 31 C.F.R. §
1010.230. 
 “First Incremental Facility Amendment and First Amendment” shall mean that certain First
Incremental Facility Amendment and First Amendment to Credit Agreement dated as of August 21, 2018 among the Borrower, the Parent, the other Guarantors party thereto, the Lenders from time to time party thereto and the Administrative Agent.

 “First Amendment Effective Date” means the date on which the conditions set forth in Section 4 of
the First Incremental Facility Amendment and First Amendment have been met. 
 “Incremental Revolving
Commitment” shall mean the Incremental Revolving Commitments provided by certain Lenders pursuant to the First Incremental Facility Amendment and First Amendment. 

“Tahoe Sub” shall mean PB Holdco, LLC, a Delaware limited liability company. 

(ii)    In Section 1.1 the definition of “Excluded Account” is amended to read as follows:

 “Excluded Account” shall mean (i) any zero-balance account
that sweeps into another Excluded Account, (ii) any payroll account, (iii) any withholding or other fiduciary account, (iv) any account that only includes deposits that are pledged as permitted under Sections 7.2(f), (h) or
(u) hereof, (v) any other account or accounts that collectively do not have more than $150,000 on deposit therein, (vi) any other account or accounts of the Target held by JPMorgan Chase Bank, N.A. or an Affiliate of JPMorgan Chase Bank,
N.A. on the Delayed Draw Term Loan Funding Date, (vii) any other account or accounts of Tahoe Sub held by JPMorgan Chase Bank, N.A. or an Affiliate of JPMorgan Chase Bank, N.A. on or following the First Amendment Effective Date, and
(viii) any other accounts that the Administrative Agent, with the consent of the Required Lenders, agrees to be designated as an Excluded Account. 

(iii)    In Section 1.1 the definition of “Aggregate Revolving Commitments” is amended to
read as follows: 
 “Aggregate Revolving Commitments” shall mean the Revolving Commitments of all the
Lenders at any time outstanding. On the First Amendment Effective Date, the aggregate amount of the Aggregate Revolving Commitments is $35,000,000; provided that, if the Incremental Revolving Commitment Availability Date occurs, the Aggregate
Revolving Commitments shall increase to $85,000,000. 
 (iv)    The last phrase of Section 2.23(c)
of the Credit Agreement, beginning with “it being understood that”, is hereby amended to read as follows: 
 it
being understood that such supplement or joinder may provide for customary “certain funds provisions” as agreed to by the Borrower and the Lenders providing an Incremental Term Loan Commitment or Incremental Revolving Commitment to the
extent the proceeds of such Incremental Term Loan or Loans under any Incremental Revolving Commitment are being used to fund any Permitted Acquisition or permitted Investment. 

  
 3 

 (v)    Clause (b) in Section 7.14 of the
Credit Agreement is amended to read as follows: 
 (b) fail to provide (i) documentary and other evidence of the
identity of the Loan Parties as may be requested by any Lender or the Administrative Agent at any time to enable such Lender or the Administrative Agent to verify the identity of the Loan Parties or to comply with any applicable law or regulation,
including, without limitation, Section 326 of the Patriot Act at 31 U.S.C. Section 5318 or (ii) all documentation and other information that the Administrative Agent or any Lender requests in order to comply with its ongoing
obligations under the Beneficial Ownership Regulation. 
 (b)    Subject to the occurrence of the conditions set forth in
Sections 4 and 5 below: 
 (i)    Each reference to “$7,500,000” in the
definition of “Real Estate Documents” in Section 1.1 of the Credit Agreement is amended to read “$10,000,000”. 

(ii)    Each reference to “$7,500,000” in clause (b) in Section 5.13 of the Credit Agreement is
amended to read “$10,000,000”. 
 (iii)    The reference to “$7,500,000” in Section 5.14 of the
Credit Agreement is amended to read “$10,000,000”. 
 (iv)    Clause (r) in
Section 7.1 of the Credit Agreement is amended to read as follows: 
 (r) Indebtedness of the Borrower and the Loan
Parties owed to (i) General Motors LLC or one or more of its Affiliates pursuant to the transactions contemplated by that certain Supply Agreement, dated as of November 14, 2016 between Malibu Boats, LLC and General Motors LLC, as amended,
restated, supplemented or otherwise modified from time to time and (ii) Yamaha Motor Products or one or more of its Affiliates pursuant to one or more supply or similar agreements to which the Borrower or another Loan Party is party to, as
amended, restated, supplemented or otherwise modified from time to time, in the case of clauses (i) and (ii) on a combined basis, not to exceed an aggregate principal amount of $6,000,000 at any time outstanding; 

(v)    The first full paragraph following the proviso to Section 11.2 is hereby amended to add the
following clause (v) immediately following clause (iv): 
 (v) only the consent of each Lender with an Incremental
Revolving Commitment shall be required to waive any condition to the initial Borrowing under the Incremental Revolving Commitments. 

4.    Conditions Precedent to Effectiveness of Amendment. Sections 1, 2 and 3(a) of this Amendment shall
become effective as of the date hereof upon satisfaction (or waiver by the Required Lenders and each Incremental Lender) of each of the following conditions precedent: 

(a)    Amendment. Receipt by the Administrative Agent of counterparts of this Amendment executed by the Borrower,
the Parent, the Guarantors, the Required Lenders, each Incremental Lender and the Administrative Agent. 

(b)    Authorizing Resolutions. Receipt by the Administrative Agent of resolutions of the board of directors (or
equivalent governing body) of each of the Loan Parties approving and authorizing the execution, delivery and performance of this Amendment, certified as of the date hereof, by such Loan Party as being in full force and effect without modification or
amendment. 

  
 4 

 (c)    Lake Tahoe Acquisition. Receipt by the Administrative
Agent of a copy of the Lake Tahoe Purchase Agreement (including, all schedules, exhibits, annexes, amendments and modifications thereto or thereof), together with all other material documents related thereto, in form and substance satisfactory to
the Administrative Agent in all respects. 
 (d)    Opinions of Counsel. Receipt by the Administrative Agent of
favorable written opinions of counsel to the Loan Parties addressed to the Administrative Agent and each of the Incremental Lenders regarding, among other things, the binding effect and enforceability of this Amendment and otherwise in form and
substance reasonably satisfactory to the Administrative Agent. 
 (e)    Beneficial Ownership. If the Borrower
qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, the Administrative Agent and each Incremental Lender shall have received a Beneficial Ownership Certification in relation to the Borrower. 

(f)    Other Fees. All fees required to be paid on the date hereof and all reasonable
out-of-pocket expenses required to be paid on the date hereof, to the extent invoiced at least one Business Day prior to the date hereof, shall have been paid. 

For purposes of determining whether the conditions set forth in this Section 4 have been satisfied, by releasing its
signature page hereto, each Incremental Lender shall be deemed to have consented to, approved, accepted or be satisfied with each document or other matter required hereunder to be consented to or approved by, or acceptable or satisfactory to, such
Incremental Lender. 
 5.    Conditions Precedent to Funding. Section 3(b) of this Amendment shall become effective and the
obligation of each Incremental Lender to make its portion of the initial Borrowing under the Incremental Revolving Commitments is subject to the satisfaction (or waiver by the Incremental Lenders) of solely the following express conditions and no
other conditions (the “Initial Incremental Revolving Loan Funding Date”): 
 (a)    Lake Tahoe
Purchase Agreement Representations. The Lake Tahoe Purchase Agreement Representations (as defined herein) made by or with respect to the Lake Tahoe Acquisition that are material to the interests of the Lenders are true and correct in all
material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects), on and
as of the Initial Incremental Revolving Loan Funding Date, in each case before and after giving effect the funding of initial Borrowing under the Incremental Revolving Commitments, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other
materiality, in which case such representations and warranties shall be true and correct in all respects, on and as of such earlier date). 

(b)    Lake Tahoe Specified Representations. The representations in Sections 4.1, 4.2, 4.3 (subject to the Lake
Tahoe Certain Funds Provision), 4.6, 4.7, 4.9, 4.15, 4.17 (subject to the Lake Tahoe Certain Funds Provision), 4.19 and 4.20 of the Credit Agreement (the “Lake Tahoe Specified Representations”) shall be true and correct in all
material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other 

  
 5 

 
materiality, in which case such representations and warranties shall be true and correct in all respects), on and as of the Initial Incremental Revolving Loan Funding Date, in each case before
and after giving effect to the funding of the initial Borrowing under Incremental Revolving Commitments. 

(c)    Consummation of the Lake Tahoe Acquisition. The Lake Tahoe Acquisition shall have been consummated, or
substantially simultaneously with the initial Borrowing under the Incremental Revolving Commitments, shall be consummated substantially in accordance with the Lake Tahoe Purchase Agreement submitted to the Administrative Agent on the Effective Date
after giving effect to any waivers, amendments, supplements, consents or modifications agreed upon by the Borrower other than those that are materially adverse to the interests of the Lenders to which the Administrative Agent has not given prior
consent (such consent not to be unreasonably withheld, delayed or conditioned); provided that (a) any reduction in the purchase price for the Lake Tahoe Acquisition shall be deemed to be not materially adverse to the Lenders but any such
reduction in the cash component of the purchase price in excess of 10.0% of the purchase price shall be allocated Dollar-for-Dollar to reduce the Incremental Revolving
Commitments, (b) any increase in the purchase price shall be deemed to be not materially adverse to the Lenders so long as such increase is not funded with Indebtedness, (c) the granting of any consent under the Lake Tahoe Acquisition
Agreement that is not materially adverse to the interests of the Lenders shall not otherwise constitute an amendment or waiver and (d) any amendment, waiver or other modification to the definition of “Material Adverse Effect” set
forth in the Lake Tahoe Acquisition Agreement without the prior written consent of the Administrative Agent (not to be unreasonably withheld or delayed) shall be deemed to be materially adverse to the interests of the Lenders. 

(d)    Required Consents and Approvals. The Loan Parties shall have received all governmental consents (including
Hart-Scott-Rodino clearance and other necessary governmental consents, if applicable), approvals, authorizations, registrations and filings and orders required to be made or obtained under the Lake Tahoe Purchase Agreement for the closing of the
Lake Tahoe Acquisition, and such consents, approvals, authorizations, registrations, filings and orders shall be in full force and effect in all material respects and all applicable waiting periods shall have expired. 

(e)    Officer’s Closing Certificate. Receipt by the Administrative Agent of a certificate, dated as of
the Initial Incremental Revolving Loan Funding Date and signed by a Responsible Officer certifying on behalf of the Loan Parties that (i) after giving effect to the Lake Tahoe Acquisition and the funding of the initial Borrowing under the
Incremental Revolving Commitments on the Initial Incremental Revolving Loan Funding Date (A) no Event of Default shall have occurred and be continuing under Section 8.1(a), 8.1(b), 8.1(h), 8.1(j) or 8.1(i) of the Credit Agreement,
(B) the conditions specified in clauses (a) and (b) above are satisfied as of the Initial Incremental Revolving Loan Funding Date, (C) the Loan Parties are in compliance with the financial covenants set forth in Sections
6.1 and 6.2 of the Credit Agreement, on a Pro Forma Basis, recomputed as of the end of the period of the four Fiscal Quarters most recently ended for which the Borrower has delivered financial statements under the Credit Agreement, (D) the
Consolidated Leverage Ratio of the Loan Parties is at least 0.25 less than the maximum Consolidated Leverage Ratio permitted to be maintained under Section 6.2 of the Credit Agreement at such time, (E) there has been no event or
circumstance since the First Amendment Effective Date which has or could be reasonably expected to have a Material Adverse Effect (as defined in the Lake Tahoe Purchase Agreement) that results in a failure of a condition precedent to the
Borrower’s obligation to consummate the Lake Tahoe Acquisition or that gives the Borrower the right (taking into account any applicable cure provisions) to terminate its 

  
 6 

 
obligations under the Lake Tahoe Acquisition Agreement and (F) the Borrower has at least $5,000,000 of the sum of cash on hand plus availability existing under the Aggregate Revolving
Commitments, (ii) the conditions specified in clauses (c) and (d) above have been satisfied or will be satisfied substantially simultaneously with the initial Borrowing under the Incremental Revolving Commitments and
(iii) each Loan Party is Solvent before and after giving effect to the initial Borrowing under the Incremental Revolving Commitments on the Incremental Revolving Loan Funding Date, the Lake Tahoe Acquisition and the consummation of the other
transactions contemplated herein. 
 (f)    Upfront Fee. Receipt by the Administrative Agent, for the account of
each Incremental Lender, of an upfront fee equal to 35 basis points (0.35%) of such Incremental Lender’s Incremental Revolving Commitment. 

(g)    Sources and Uses. A duly executed (i) Notice of Revolving Borrowing (excluding the last paragraph
thereof) and (ii) funds disbursement agreement, together with a report setting forth the sources and uses of the proceeds of the initial Borrowing under the Incremental Revolving Commitments. 

Notwithstanding anything in this Agreement, any other Loan Document, the Lake Tahoe Purchase Agreement or any other letter agreement or other
undertaking concerning the transactions contemplated hereby to the contrary, the only representations and warranties related to the Lake Tahoe Purchased Assets or any Seller or Principal (as such terms are defined in the Lake Tahoe Purchase
Agreement) in the Loan Documents the accuracy of which shall be a condition to the availability of the Incremental Revolving Commitments on the Initial Incremental Revolving Loan Funding Date shall be (a) such of the representations made by or
on behalf of the Lake Tahoe Purchased Assets or any such Seller or Principal in the Lake Tahoe Purchase Agreement a breach of which would be materially adverse to the interests of the Lenders, but only to the extent that (x) such failure or
breach results in a failure of a condition precedent to the Borrower’s or the Purchaser’s (in its capacity as “Purchaser” under the Lake Tahoe Purchase Agreement) (or its affiliates) obligations to effect the Lake Tahoe
Acquisition under the Lake Tahoe Purchase Agreement or (y) Borrower or the Purchaser (in its capacity as “Purchaser” under the Lake Tahoe Purchase Agreement) or its applicable affiliate has the right (after giving effect to any notice
and cure provisions) to terminate its obligations under the Lake Tahoe Purchase Agreement, or otherwise has the right to decline to consummate the Lake Tahoe Acquisition, as a result of a breach of such representations in the Lake Tahoe Purchase
Agreement (the “Lake Tahoe Purchase Agreement Representations”), and (b) the Lake Tahoe Specified Representations. In addition, the terms of the Loan Documents shall not impair the availability of the Incremental Revolving
Commitments on the Initial Incremental Revolving Loan Funding Date if the conditions expressly set forth in this Section 5 are satisfied (or waived by the Lenders), it being understood that, with respect to the grant and
perfection of a security interest in any Collateral to secure the Obligations, to the extent a security interest in such Collateral (the security interest in respect of which cannot be perfected by means of (1) the filing of a UCC financing
statement (with respect to which the Borrower’s sole obligation shall be to deliver, or cause to be delivered, to the Administrative Agent such information as is necessary to complete such UCC financing statements and to authorize the
Administrative Agent to file such UCC financing statements upon the initial Borrowing under the Incremental Revolving Commitments) or (2) the delivery or possession of capital stock or other certificated securities (to the extent that such
capital stock or other securities are certificated on or prior to the Initial Incremental Revolving Loan Funding Date and in, or required pursuant to the Lake Tahoe Purchase Agreement to be in, the Borrower’s actual possession on the Initial
Incremental Revolving Loan Funding Date (in which case, the Borrower’s sole obligation shall be to deliver, or cause to be delivered, to the Administrative Agent such certificates, together with undated powers thereto executed in blank) is not
able to be perfected on the Initial Incremental Revolving Loan Funding Date after the Borrower’s use of commercially reasonable efforts to do so, the perfection of 

  
 7 

 
such security interest in such Collateral shall not constitute a condition precedent to the availability of the Incremental Revolving Commitments on the Initial Incremental Revolving Loan Funding
Date, but a security interest in such Collateral will be required to be perfected within ninety (90) days after the Incremental Revolving Loan Funding Date (or such longer time as may be agreed by the Administrative Agent in its reasonable
discretion) pursuant to arrangements to be mutually agreed between the Borrower and the Administrative Agent. This paragraph, and the provisions herein, shall be referred to as the “Lake Tahoe Certain Funds Provision”. 

6.    Representations and Warranties; No Default. Each Loan Party represents and warrants that after giving effect to this
Amendment (a) the representations and warranties made by the Loan Parties in each Loan Document or in any other document, agreement, instrument or certificate furnished at any time under or in connection therewith, are true and correct in all
material respects (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties are true and correct in all respects) on and as of
the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case such representations and warranties are true and correct in all material respects as of such earlier date, and
(b) no Default or Event of Default has occurred and is continuing or would result from the initial Borrowing under the Incremental Revolving Commitments. 

7.    Reaffirmation of Obligations. Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this
Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the
Loan Documents. 
 8.    Reaffirmation of Security Interests. Each Loan Party (a) affirms that each of the Liens granted in
or pursuant to the Loan Documents are valid and subsisting and (b) agrees that this Amendment shall in no manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents. 

9.    Loan Document. This Amendment is a Loan Document and all references to a “Loan Document” in the Credit Agreement
and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to include this Amendment. 

10.    No Other Changes. Except as modified hereby, all of the terms and provisions of the Loan Documents shall remain in full
force and effect. 
 11.    Counterparts; Delivery. This 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. Delivery of an executed counterpart of this Amendment by facsimile or other electronic imaging
means shall be effective as an original. 
 12.    Governing Law. This Amendment shall be deemed to be a contract made under, and
for all purposes shall be construed in accordance with and be governed by the Law (without giving effect to the conflict of law principles thereof except for Sections 5-1401 and
5-1402 of the New York General Obligations Law) of the State of New York. 
 [SIGNATURE PAGES FOLLOW]

  
 8 

 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this First Incremental Facility
Amendment and First Amendment to Second Amended and Restated Credit Agreement to be duly executed and delivered as of the date first written above. 
  

							
	BORROWER:	 		 	 MALIBU BOATS, LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	 /s/ Wayne Wilson

		 		 	Name:	 	Wayne Wilson
		 		 	Title:	 	Chief Financial Officer
			
	PARENT:	 		 	 MALIBU BOATS HOLDINGS, LLC,
 a
Delaware limited liability company

				
		 		 	By:	 	 /s/ Wayne Wilson

		 		 	Name:	 	Wayne Wilson
		 		 	Title:	 	Chief Financial Officer
			
	GUARANTORS:	 		 	MALIBU AUSTRALIAN ACQUISITION CORP.,
		 		 	a Delaware corporation
				
		 		 	By:	 	 /s/ Wayne Wilson

		 		 	Name:	 	Wayne Wilson
		 		 	Title:	 	Chief Financial Officer
			
		 		 	 COBALT BOATS, LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	 /s/ Wayne Wilson

		 		 	Name:	 	Wayne Wilson
		 		 	Title:	 	Chief Financial Officer

 [SIGNATURE PAGES CONTINUE] 

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

							
	ADMINISTRATIVE AGENT:	 		 	SUNTRUST BANK, as Administrative Agent
				
		 		 	By:	 	 /s/ Tesha Winslow

		 		 	Name:	 	Tesha Winslow
		 		 	Title:	 	Director
			
	INCREMENTAL LENDERS:	 		 	 SunTrust Bank, as a Lender and an

Incremental Lender

				
		 		 	By:	 	 /s/ Tesha Winslow

		 		 	Name:	 	Tesha Winslow
		 		 	Title:	 	Director

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

							
	ADMINISTRATIVE AGENT:	 		 	SUNTRUST BANK, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	INCREMENTAL LENDERS:	 		 	 JP Morgan Chase Bank, N.A, as a Lender and an

Incremental Lender

				
		 		 	By:	 	 /s/ Brandon Abney

		 		 	Name:	 	Brandon Abney
		 		 	Title:	 	Authorized Officer

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

							
	ADMINISTRATIVE AGENT:	 		 	SUNTRUST BANK, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	INCREMENTAL LENDERS:	 		 	 FIRST TENNESSEE BANK NATIONAL ASSOCIATION, as a

Lender and an Incremental Lender

				
		 		 	By:	 	 /s/ R. Andrew Beam

		 		 	Name:	 	R. Andrew Beam
		 		 	Title:	 	Senior Vice President

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

							
	ADMINISTRATIVE AGENT:	 		 	SUNTRUST BANK, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	INCREMENTAL LENDERS:	 		 	 Regions Bank, as a Lender and an

Incremental Lender

				
		 		 	By:	 	 /s/ Jason Goetz

		 		 	Name:	 	Jason Goetz
		 		 	Title:	 	Senior Vice President

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

							
	ADMINISTRATIVE AGENT:	 		 	SUNTRUST BANK, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	INCREMENTAL LENDERS:	 		 	 MUFG Union Bank, N.A, as a Lender and an

Incremental Lender

				
		 		 	By:	 	 /s/ Maria Iarriccio

		 		 	Name:	 	Maria Iarriccio
		 		 	Title:	 	Director

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

							
	ADMINISTRATIVE AGENT:	 		 	SUNTRUST BANK, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	INCREMENTAL LENDERS:	 		 	 Wells Fargo Bank, National Association, as a Lender and an

Incremental Lender

				
		 		 	By:	 	 /s/ Nicole Harrell

		 		 	Name:	 	Nicole Harrell
		 		 	Title:	 	Vice President

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

							
	ADMINISTRATIVE AGENT:	 		 	SUNTRUST BANK, as Administrative Agent
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	INCREMENTAL LENDERS:	 		 	 United Community Bank, as a Lender and an

Incremental Lender

				
		 		 	By:	 	 /s/ Travis Baltz

		 		 	Name:	 	Travis Baltz
		 		 	Title:	 	VP

  
 FIRST INCREMENTAL FACILITY
AMENDMENT 
 MALIBU BOATS, LLC 

 SCHEDULE I 

COMMITMENT AMOUNTS 
  

																	
	 Lender
	  	Incremental Revolving
Commitments	 	  	Pro Rata Share of
Incremental
Revolving Commitments	 	 	Aggregate Revolving
Commitments	 	  	Pro Rata Share of
Aggregate
Revolving Commitments	 
	 SunTrust Bank
	  	$	10,256,410.27	 	  	 	20.512820543	% 	 	$	17,435,897.46	 	  	 	20.512820543	% 
	 JPMorgan Chase Bank
	  	$	8,974,358.97	 	  	 	17.948717943	% 	 	$	15,256,410.25	 	  	 	17.948717943	% 
	 First Tennessee Bank National Association
	  	$	7,692,307.69	 	  	 	15.384615371	% 	 	$	13,076,923.07	 	  	 	15.384615371	% 
	 Regions Bank
	  	$	7,692,307.69	 	  	 	15.384615371	% 	 	$	13,076,923.07	 	  	 	15.384615371	% 
	 MUFG Union Bank, N.A.
	  	$	5,769,230.77	 	  	 	11.538461543	% 	 	$	9,807,692.31	 	  	 	11.538461543	% 
	 Wells Fargo Bank, National Association
	  	$	5,769,230.77	 	  	 	11.538461543	% 	 	$	9,807,692.31	 	  	 	11.538461543	% 
	 United Community Bank
	  	$	3,846,153.84	 	  	 	7.692307686	% 	 	$	6,538,461.53	 	  	 	7.692307686	% 
	 Total:
	  	$	50,000,000.00	 	  	 	100.000000000	% 	 	$	85,000,000.00	 	  	 	100.000000000	%Exhibit

Confidential

EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (“Agreement”), is entered into as of August 18, 2018, by and between THE PROVIDENCE SERVICE CORPORATION, a Delaware corporation, with its principal office located at 700 Canal Street, Third Floor, Stamford, CT 06902, its successors and assigns (hereinafter collectively referred to as the “Company”), LOGISTICARE SOLUTIONS, LLC, a Delaware limited liability company with its principal office located at 1275 Peachtree Street NE, 6th Floor, Atlanta, Georgia 30309 (“LogistiCare”), a wholly owned subsidiary of the Company, and Kevin M. Dotts, an individual residing at [        ] (“Employee”).
BACKGROUND
WHEREAS, the parties hereto desire to memorialize the terms of Employee’s employment with the Company and LogistiCare.
NOW, THEREFORE, in consideration of the facts, mutual promises, and covenants set forth herein and intending to be legally bound hereby, the parties agree as follows:
1.Employment and Term.  Employee shall be employed by the Company and LogistiCare and such employment shall have a term (the “Term”) commencing as of August 27, 2018 (the “Commencement Date”) and, if not previously terminated in accordance with the terms of this Agreement, ending on December 31, 2020. The parties may agree in writing to extend the Term, subject to the consent requirements of Section 9(g).  Employee’s employment may continue following the Term, but only on an at-will basis unless otherwise agreed by the parties in writing in accordance with Section 9(g).  Employee’s employment shall be subject in all respects to the terms and conditions set forth in this Agreement, as well as to all of the policies and rules of the Company and LogistiCare that are binding on their respective executive employees generally.  

2.Office and Duties.

(a)Position.  Subject to Section 9(g), during the Term, Employee shall serve as Chief Financial Officer (“CFO”) of the Company and shall report directly to the Chief Executive Officer of the Company (the “CEO”), and be subject to the CEO’s supervision, control and direction.  In this capacity, if requested by the CEO, Employee shall serve as an officer of LogistiCare or any of the Company’s other Affiliates (as hereinafter defined).  

(b)Duties/Reporting.  In Employee’s capacity as CFO, Employee shall have such authority, perform such duties, discharge such responsibilities and render

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 such services as are designated from time to time by the CEO or the Board of Directors of the Company (the “Board”).  

(c)Diligence/Time and Attention.  While employed by the Company and LogistiCare, Employee shall render Employee’s services diligently, faithfully and to the best of Employee’s ability, and shall devote substantially all of Employee’s working time, energy, skill and best efforts to the performance of Employee’s duties hereunder, in a manner that will further the business and interests of the Company and LogistiCare.

(d)Office.  During the Term, the principal place of Employee’s employment shall be at LogistiCare’s Atlanta, GA headquarters, subject to customary business travel on the business of the Company and LogistiCare.  

(e)Other Activities.  While employed by the Company and LogistiCare, Employee shall not be engaged in any business activity which, in the reasonable judgment of the CEO or the Board, conflicts with Employee’s duties hereunder, whether or not such activity is in breach of Section 7 or pursued for pecuniary advantage.

3.Compensation.

(a)Base Salary.  In consideration of the services rendered by Employee to the Company and LogistiCare during the Term, Employee shall receive an annual base salary of no less than Four Hundred Thousand Dollars ($400,000) (“Base Salary”), payable in equal periodic installments in accordance with LogistiCare’s regular payroll practices in effect from time to time.  

(b)Bonus Plans / Incentive Compensation Programs.  

(i)Annual Bonus.  During the Term, Employee shall be eligible to be paid a short-term annual bonus (the “Bonus”) equal to seventy-five percent (75%) of his Base Salary upon achievement of one hundred percent (100%) of the performance targets established by the Board’s Compensation Committee for each applicable performance period.  
For the 2018 fiscal year, Employee shall be eligible to receive a bonus of up to $100,000 upon the achievement of personal key performance indicators established by the Board’s Compensation Committee. Notwithstanding anything to the contrary in this Agreement, Employee’s Bonus for 2018 shall be no less than Fifty Thousand Dollars ($50,000).
The actual amount of any Bonus paid to the Employee for any year shall be determined in the good faith discretion of the Board’s Compensation Committee based on its assessment of the actual performance against the goals

2

and conditions established for the year and, based on that assessment, no bonus may be paid at all.  Unless otherwise specified in respect of a Bonus, the Bonus shall be paid, net of any required withholdings, no later than June 30 of the year following the year to which the Bonus relates.  Employee’s rights to receive the Bonus in any year shall be contingent upon being employed by the Company and LogistiCare on the date that payment of the Bonus is due, except as otherwise expressly provided in this Agreement.
(ii)Initial LTI Grant.  The Company will grant Employee, as of the Commencement Date, 24,865 options to acquire shares of Company common stock, with the exercise price of each option equal to the closing price of a share of the Company’s common stock on Nasdaq on the grant date, and all options cliff-vesting, subject to Employee’s continued employment, on October 31, 2020, and expiring on December 31, 2021.  

(iii)Future LTI Grants.  Beginning in calendar year 2019, for each year during the Term, Employee shall be eligible to participate in a long-term incentive program in which other senior executives (including the CEO) of the Company and/or LogistiCare participate at such time during the Term, under the terms and conditions approved by the Board’s Compensation Committee.

(c)Benefits.  During the Term, Employee shall be entitled to participate in all fringe benefits, if any, as may be in effect from time to time that are generally available to the Company’s and LogistiCare’s similarly-situated executive officers, and such other fringe benefits as the Board’s Compensation Committee shall deem appropriate, subject to eligibility requirements thereof (collectively, the “Benefits”).

(d)Vacation.  During the Term, Employee shall be entitled to the number of paid vacation days in each calendar year as determined by the Board’s Compensation Committee from time to time for the Company’s and LogistiCare’s senior executive officers.  Vacation days which are not used during any calendar year may not be accrued or carried over to the next year, nor shall Employee be entitled to compensation for unused vacation days at any time.  

(e)Business Expenses.  During Employee’s employment, the Company or LogistiCare shall pay or reimburse Employee for all reasonable expenses incurred or paid by Employee in the performance of Employee’s duties hereunder and to the extent consistent with the applicable policies of the Company and LogistiCare as in effect from time to time (including, in some cases, the requirement that certain expenses must be approved in advance), upon timely presentation of expense statements or vouchers and such other information as the Company or LogistiCare, as the case may be, shall reasonably require and in accordance with the generally applicable policies and practices of the Company; provided that the Company or LogistiCare may, at any time,

3

further limit, or eliminate, Employee’s right to incur such expenses.  Any reimbursement due hereunder shall be paid within ninety (90) days after Employee submits the necessary documentation for reimbursement in accordance with the generally applicable policies and practices of the Company and LogistiCare.

(f)Withholding.  All payments made pursuant to this Agreement shall be subject to such withholding and other taxes and amounts as the Company and LogistiCare may determine in their sole discretion to be required by any applicable law or order or rule of any governmental agency or court.

4.Representations of Employee.  Employee represents to the Company and its LogistiCare that: (a) he has provided to the Company a copy of all contracts to which he is a party containing restrictive covenants and to the best of his knowledge after reasonable inquiry there are no restrictions, agreements or understandings whatsoever to which Employee is a party that would prevent or impede, or make unlawful, Employee’s execution of this Agreement or Employee’s employment with the Company or LogistiCare, or to carry out Employee’s duties as an employee hereunder or otherwise on behalf of the Company or LogistiCare; (b) Employee’s execution of this Agreement and Employee’s employment shall not constitute a breach of any contract, agreement or understanding, oral or written, to which Employee is a party, or by which Employee is bound, based on the Business of the Company as in effect on the date hereof or any other business that is anticipated to commence to the extent Employee was informed of such business as of the date hereof; and (c) Employee is of full capacity, free and able to execute this Agreement and to enter into this Agreement.  Employee also represents to the Company and LogistiCare that there is no pending or, to Employee’s knowledge, threatened litigation, proceeding or investigation, whether governmental or otherwise, involving Employee with respect to allegations of sexual harassment, sexual misconduct or other misconduct and there have been no reported complaints accusing Employee of sexual harassment or sexual misconduct and there has been no settlement of, or payment arising out of or related to, any litigation with respect to sexual harassment or sexual misconduct by Employee.

5.Termination.  This Agreement and Employee’s employment shall continue during the Term and thereafter until terminated as provided herein.  Upon termination of this Agreement and Employee’s employment, Employee shall be deemed to have simultaneously resigned from any officer, director or other position in which he is serving on behalf of the Company, LogistiCare or any other Affiliate.  The Company shall be entitled to terminate Employee’s employment on behalf of LogistiCare. 

(a)Termination by the Company and LogistiCare for Cause.  The Company and LogistiCare shall have the right, during the Term and thereafter, to terminate this Agreement and Employee’s employment at any time for “Cause”, effective immediately or as of a date specified by the Company in a notice of termination.  For

4

purposes of this Agreement, the term “Cause” shall mean the following as reasonably determined solely by the Company:

(i)Employee commits fraud or theft against the Company or any of its subsidiaries (including LogistiCare), affiliates, joint ventures and related organizations, including any entity managed by the Company (collectively referred to as “Affiliates”), or is indicted, convicted of, or pleads guilty or nolo contendere to, either a felony, or to any crime involving fraud or moral turpitude; 

(ii)In carrying out Employee’s duties hereunder, Employee engages in conduct that constitutes gross neglect or willful misconduct and that results, in either case, in material financial or reputational harm to the Company or its Affiliates;

(iii)Employee is found or held by any governmental agency or any court or judicial body to be in violation of any federal, state or local law relating to the administration or provision of healthcare services, or is the subject of a regulatory order or ruling which provides that he is not permitted to be employed or provide services to the Company or LogistiCare or is generally prohibited from the administration or provision of healthcare services; 

(iv)(A) Employee materially breaches any provision of this Agreement (including but not limited to the restrictive covenants contained in Section 7) or (B) breaches any fiduciary duty or duty of loyalty owed to the Company, LogistiCare or any other Affiliate or the Company’s shareholders; 

(v)Employee engages in any wrongful conduct which does or which is reasonably likely to bring the Company, LogistiCare or any other Affiliate into public disgrace or embarrassment, or which is reasonably likely to cause one or more of its customers or clients to cease doing business with, or materially reduce the amount of business with, the Company, LogistiCare or any other Affiliate; 

(vi)Employee repeatedly neglects or refuses to perform Employee’s duties or responsibilities as directed in writing by the CEO, the Board, or any committee established by the Board, or violates any express written direction of any lawful rule, regulation or policy established by the Company, LogistiCare, the Board, or any committee established by the Board or the CEO; or

(vii)Employee commits any act or omission resulting in or intended to result in direct material personal gain to Employee at the expense of the Company, LogistiCare or any other Affiliate, or the customers of the Company, LogistiCare or any other Affiliate.

5

Following written notice from the Company or the Board of grounds constituting “Cause”, Employee shall be provided a single ten (10) business-day period to cure any single instance of conduct or breach set forth in clause (iv)(A) or (vi), to the extent then curable.  If timely cured, the instance of conduct or breach shall not constitute Cause hereunder.  
The determination as to whether “Cause” has occurred shall be made by the Board.  
(b)Termination upon Death/Termination upon Disability of Employee.  Employee’s employment will terminate upon Employee’s death.  The Company and LogistiCare shall have the right to terminate this Agreement and Employee’s employment at any time upon the Disability of Employee (as determined by the Company in its sole discretion).  The term, “Disability”, as used herein, means any physical or mental illness, disability or incapacity which prevents Employee from performing the essential functions of Employee’s duties hereunder, with or without reasonable accommodations, for a period of not less than one hundred fifty (150) consecutive days or for an aggregate of one hundred eighty (180) days during any period of twelve (12) consecutive months.  Periods where Employee can perform the essential functions of Employee’s job with a reasonable accommodation shall not be included in the determination of a Disability hereunder.  During any period of Disability, and to the maximum extent allowed by law, Employee agrees to submit to reasonable medical examinations upon the reasonable request, and at the expense, of the Company and LogistiCare, and agrees to release sufficient information to allow the Company and LogistiCare to make informed decisions about whether or not a Disability exists.  

(c)Termination Without Cause.  The Company and LogistiCare shall have the right, during the Term and thereafter, to terminate this Agreement and Employee’s employment at any time without Cause and/or without the occurrence of Employee’s death or Disability by giving written notice which shall be effective on the date specified in such notice of termination.

(d)Termination by Employee.  If Employee shall desire to terminate Employee’s employment for any reason, whether or not during the Term and whether or not for Good Reason, Employee shall first give the Company or LogistiCare not less than sixty (60) days prior written notice of termination (it being understood that Employee’s resignation from the Company or LogistiCare shall be deemed resignation from both of them); provided that if Employee gives notice of Good Reason, which is subsequently cured within the prescribed cure period, such notice shall not constitute notice of termination.  Upon a termination of Employee’s employment with the Company and LogistiCare under this Section 5(d), the effective date of termination shall be the date set forth in Employee’s resignation notice (assuming such date is in compliance with the notice provisions of this Section 5(d)) or an earlier date as determined by the Company after the Company’s receipt of such notice, in its sole discretion, but not earlier than the 

6

date on which the Company learned of Employee’s decision to terminate Employee’s employment.  
For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following that is not cured within thirty (30) days of Employee’s written notice that the occurrence constitutes Good Reason: (i) a material reduction of Employee’s position, duties, or responsibilities with the Company and LogistiCare, (ii) a reduction of Employee’s Base Salary provided in section 3(a) of this Agreement, other than a reduction which is generally applicable to all executives of the Company and LogistiCare, (iii) a material breach by the Company or LogistiCare of this Agreement; or (iv) requiring Employee to move or relocate Employee’s primary place of employment more than 75 miles from LogistiCare’s current office at 1275 Peachtree Street, Atlanta, GA 30309; provided that (A) any resignation for Good Reason must be made within sixty (60) days of the occurrence set forth in (i) - (iv) above and (B) any resignation by Employee while the Company or LogistiCare has “Cause” for termination of Employee shall be considered to be a resignation without Good Reason.  The Employee shall not have the right to terminate his employment for Good Reason unless the Employee actually terminates employment within ninety (90) days following receipt of, and in accordance with, the Employee’s written notice.  Notwithstanding the foregoing, in no event shall the mere occurrence of a Change in Control, the Company ceasing to be a publicly traded company or LogistiCare merging or consolidating with the Company, including in respect of any changes in duties or responsibilities resulting directly from such change, be deemed to constitute “Good Reason”.  
(e)Notice of Termination.  Any termination, except for death,
pursuant to this Section 5 shall be communicated by a Notice of Termination.  For purposes of this Agreement, a “Notice of Termination” shall mean a written notice which shall indicate those specific termination provisions in this Agreement relied upon and which sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employee’s employment under the provisions so indicated.  The Notice of Termination shall also set forth that Employee’s employment is terminated and be delivered in accordance with the terms of this Agreement.  

(f)Survival of Certain Provisions.  Notwithstanding anything to the contrary set forth herein, Sections 7, 8 and 9 shall survive the end of the Term and/or the termination of Employee’s employment for any reason, and shall remain in full force and effect thereafter.

6.Payments Upon Termination, Including Termination Following a Change in Control.

(a)Termination Without Cause or Resignation by Employee for Good Reason During the Term.  If, during the Term, the Company or LogistiCare terminate Employee’s employment other than for Cause and other than as a result of Employee’s 

7

death or Disability, or Employee terminates employment for Good Reason, Employee shall be entitled to receive (i) any Bonus (if earned under the relevant performance criteria) relating to a fiscal year which was completed before the effectiveness of such termination (payable as set forth in Section 3(b)), (ii) an amount equal to the Bonus earned under the relevant performance criteria for the full fiscal year in which Employee’s employment is terminated multiplied by the quotient of (A) the number of days that have elapsed in such fiscal year on or prior to the date of termination divided by (B) three hundred sixty-five (365), and (iii) twelve (12) months of the Employee’s Base Salary in effect as of the date of effectiveness of such termination, payable in periodic payments which correspond to LogistiCare’s regular payroll periods; provided that any payments set out in clauses (i), (ii), and (iii) shall be net of appropriate tax and other withholdings.  Notwithstanding the foregoing, Employee’s rights to receive payments of such Bonus or Base Salary shall be conditioned on (I) Employee’s execution and delivery to the Company, within thirty (30) days following termination of employment, of a general release of all claims relating to Employee’s employment and termination from employment (the “General Release”) in a form provided by the Company (which General Release shall not affect any rights Employee may have under COBRA, or any claims for indemnification as an officer, director, or employee of the Company or LogistiCare, or any rights under any then outstanding stock or other equity options or under any vested award previously issued to Employee by the Company under any Company benefit plan), (II) Employee not revoking such General Release during the seven (7) day period following its execution, and (III) Employee not being in breach of the restrictive covenants at Section 7 of this Agreement.  Employee understands that if all of the conditions set forth in the preceding sentence are not met, Employee shall not be entitled to a Bonus or any payments of Base Salary relating to periods of time following the effective date of the termination of Employee’s employment under this Section 6(a) or otherwise.  Employee further understands that any amounts otherwise payable to Employee within thirty (30) days after termination of employment shall be paid as soon as practicable thereafter, subject to satisfaction of the conditions designated above.  Except for the payments set forth in this Section 6(a), neither the Company nor LogistiCare shall have any further obligations for payment or benefits to Employee in respect of his employment or under this Agreement.  For the avoidance of doubt, Employee shall not be entitled to any payments or benefits under this Section 6(a) in the event of non-renewal of this Agreement, including any termination of his employment upon or following such non-renewal.  

(b)Termination for Cause; Resignation by Employee Without Good Reason.  In the event (i) during the Term, Employee’s employment is terminated by the Company and LogistiCare for Cause or Employee terminates Employee’s employment without Good Reason, or (ii) following the Term, Employee’s employment is terminated by the Company and LogistiCare with or without Cause or Employee terminates Employee’s employment for or without Good Reason, all of Employee’s rights to Base Salary, Benefits and Bonus, if any, shall immediately terminate as of the date of such 

8

termination, except that Employee shall be entitled to any earned and unpaid portion of Employee’s Base Salary and accrued Benefits up to the effective date of termination, less all deductions or offsets for amounts owed by Employee to the Company, LogistiCare or any other Affiliate.  In such an event, neither the Company nor LogistiCare shall have any further obligations to Employee under this Agreement.  Without limiting the foregoing, in such an event, Employee shall not be entitled to any Bonus, prorated or otherwise.  

(c)Termination Due to Death or Disability.  In the event Employee’s employment is terminated at any time, whether or not during the Term, due to Employee’s death or Disability, all of Employee’s rights to Employee’s Base Salary, Benefits (except to the extent that any Benefits are expressly available following termination of employment) and Bonus, if any, shall immediately terminate as of the effective date of such termination, except that Employee (or, in the event that Employee’s employment is terminated due to Employee’s death, Employee’s heirs, personal representatives or estate) shall be entitled to any earned and unpaid portion of Employee’s Base Salary, any Bonus (if earned under the relevant performance criteria) relating to a fiscal year which was completed before Employee’s death or Disability and an amount equal to the Bonus earned under the relevant performance criteria for the full fiscal year in which Employee’s employment is terminated multiplied by the quotient of (i) the number of days that have elapsed in such fiscal year on or prior to the date of termination divided by (ii) three hundred sixty-five (365), and accrued Benefits up to the date of termination, in each case less all deductions or offsets for amounts owed by Employee to the Company, LogistiCare or any other Affiliate.  Neither the Company nor LogistiCare shall have any further obligations to Employee under this Agreement.

(d)Payment Upon Change in Control.  Notwithstanding any other provision in this Agreement to the contrary, if a Change in Control (as defined in the Company’s 2006 Long-Term Incentive Plan) shall occur during the Term, and after such Change in Control but prior to the end of the Term, the Company and LogistiCare terminate Employee’s employment without Cause or Employee terminates Employee’s employment for Good Reason, Employee shall be entitled to (i) the amounts specified in Section 6(a) payable, however, in a lump sum payment, immediately upon the effective date of his termination of employment, and (ii) a pro-rata portion of the average Bonus previously paid to Employee during the Term (such payments shall be net of appropriate tax and other withholdings, and are referred to collectively as the “Change in Control Payments”); provided that for purposes of determining the amount due under clause (ii), the Bonus for 2018 will be equal to the full amount which would have been earned under the relevant performance criteria were Employee employed for the full fiscal year.  A Change in Control will have no other effect on this Agreement, which will remain in full force and effect.  

9

(e)280G.  Notwithstanding anything to the contrary contained in this Agreement or any other agreement between Employee and the Company, LogistiCare or any other Affiliate, if any payment or benefit Employee would receive from the Company, LogistiCare or any of other Affiliate, whether pursuant to this Agreement or otherwise, would constitute a “parachute payment” (a “Parachute Payment”) under Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), then if reducing the amount of such payment or benefit, in whole or in part, would result, after taking into account all applicable federal, state and local employment taxes, income taxes and any excise tax that are, and that would otherwise have been, payable, in Employee’s receipt of a greater net after-tax amount than Employee would otherwise have received on a net-after basis had the payment or benefit been made in full, then such payment or benefit shall be reduced to the amount (the “Reduced Amount”) that results in Employee receiving the greatest net-after tax amount from such payment or benefit, notwithstanding that all or some portion of the payment or benefit may be subject to the excise tax.  If any payment or benefit is to be reduced to the Reduced Amount, any reduction therein shall occur in the following order: (A) cash payments shall be reduced first and in reverse chronological order such that the cash payment owed on the latest date following the occurrence of the event triggering such excise tax will be the first cash payment to be reduced; (B) accelerated vesting of stock options and other equity awards shall be cancelled/reduced next and in the reverse order of the date of grant for such stock awards; and (C) employee benefits shall be reduced last and in reverse chronological order.

(f)Recognition.  Employee recognizes and accepts that neither the Company nor LogistiCare shall, in any case, be responsible for any additional amount, severance pay, termination pay, severance obligation or other payments or damages whatsoever arising from the termination of Employee’s employment, above and beyond those specifically provided for herein.  

7.Restrictive Covenants.

(a)Business of the Company.  The term “Business of the Company”, as used in this Section 7, shall mean the provision and/or brokering by the Company or its Affiliates of network management services to governmental agencies and provider networks, non-emergency medical transportation, mobility management services, health risk assessments, and any other business in which the Company or its Affiliates have been or have taken active steps toward engaging in during Employee’s employment with the Company, LogistiCare or any other Affiliate.  

(b)Non-Competition.  During Employee’s employment with the Company, LogistiCare or any of other Affiliate and, during the twelve (12) month period after the termination of Employee’s employment for any reason, Employee will not, in any capacity (including, but not limited to, owner, partner, member shareholder, consultant, advisor, financier, agent, employee, officer, director, manager or otherwise), directly or indirectly, for Employee’s own account or for the benefit of any natural 

10

person, corporation, partnership, trust, estate, joint venture, sole proprietorship, association, cooperative or other entity (any of the foregoing, a “Person”), establish, engage in, finance, advise, work for, or be connected with, except as an employee of the Company, LogistiCare or any other Affiliate, any business in competition with the Business of the Company if such business competes with the Business of the Company or any business in which the entities referenced in the “Business of the Company” definition are preparing to conduct business or have conducted business during Employee’s employment with the Company, LogistiCare or any of other Affiliate.  

(c)Non-Solicitation/Non-Piracy.  During Employee’s employment with the Company, LogistiCare or any other Affiliate and for a period of two (2) years following a termination of Employee’s employment for any reason, Employee will not, directly or indirectly, for Employee’s own account or for the benefit of any Person or entity:

(i)solicit, service, supply or sell to, contact, or aid in the solicitation, servicing, supplying or selling to any Person or entity which is or was a customer, active prospective customer, client, prospective client, contractor, subcontractor or supplier of the Company or any of its Affiliates with whom Employee had business contact or about whom Employee learned or developed confidential information within three (3) years prior to Employee’s termination of employment (“Company Customers/Clients”), for the purpose of (A) selling services or goods in competition with the Business of the Company; (B) inducing Company Customers/Clients to cancel, transfer or cease doing business in whole or in part with the Company or its Affiliates or (C) inducing Company Customers/Clients to do business with any Person in competition with the Business of the Company; or

(ii)solicit, aid in solicitation of, induce, contact for the purpose of, encourage or in any way cause any employee of the Company or its Affiliates to leave the employ of the Company or its Affiliates, hire any such person or otherwise interfere with such employee’s relationship with the Company or its Affiliates, except that general advertisements and internet or similar postings not directed to any employees of the Company or its Affiliates and hiring any employees who respond to such advertisements or postings shall not be deemed to be breaches of the foregoing covenant.

(d)Non-Disclosure.  Other than in furtherance of the business of the Company or its Affiliates or as required by judicial process or law, in the ordinary course in Employee’s capacity as an employee hereunder, Employee will not, at any time, except in accordance with the Company’s and LogistiCare’s policies and procedures relating to confidential information, directly or indirectly, disclose, communicate or divulge to any Person, or use for the benefit of any Person, any secret, confidential or proprietary knowledge or information relating to the Company or its Affiliates, including, but not 

11

limited to, customer and client lists, customer and client accounts and information, patient information, prospective client, customer, contractor, subcontractor and supplier lists, proposals and information, services, techniques, methods of operation, pricing, costs, sales, sales strategies or methods, marketing, marketing strategies or methods, products, product development, research, know-how, trade secrets, inventions, policies, financial information, financial condition, business strategies or plans or other information of the Company or its Affiliates, which is not generally available to the public.  Upon the expiration or termination of Employee’s employment with the Company and LogistiCare or on sooner written request of the Company or LogistiCare, Employee shall immediately deliver to the Company all memoranda, books, papers, letters and other data (whether in written form or computer stored), and all copies of same, which were made by Employee or came into Employee’s possession or under Employee’s control at any time prior to the expiration or termination of Employee’s employment, and which in any way relate to the business, assets or properties of the Company or any of its Affiliates as conducted or as planned to be conducted by the Company or its Affiliates, and shall identify to the Company and cooperate with the Company’s directions in removing any electronic copies of such information from any non-Company digital storage devices, computers, cloud and email storage and other similar repositories that Employee uses.
Notwithstanding anything in this Agreement to the contrary, this Agreement (including this Section 7(d) and Section 7(f) hereof) does not prohibit Employee from providing truthful testimony or accurate information in connection with any investigation being conducted into the business or operations of the Company or its Affiliates by any government agency or other regulator that is responsible for enforcing a law on behalf of the government or otherwise providing information to the appropriate government regulatory agency or body regarding conduct or action undertaken or omitted to be taken by the Company or its Affiliate that Employee reasonably believes is illegal or in material non-compliance with any financial disclosure or other regulatory requirement applicable to the Company or its Affiliates.  
Employee is hereby notified in accordance with the Federal Defend Trade Secrets Act that Employee will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or if the disclosure of a trade secret is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding.  If Employee files a lawsuit for retaliation against the Company or its Affiliate for reporting a suspected violation of law, Employee may disclose the Company’s or its Affiliates’ trade secrets to his attorney and use the trade secret information in the court proceeding if Employee files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.

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(e)Intellectual Property.  Employee will promptly communicate to the Company all inventions, improvements, works of authorship, know-how, trade secrets, software, designs, techniques, concepts, methods and ideas, other technical information, marketing strategies and other ideas, innovations and creations (i) pertaining to the actual or reasonably anticipated Business of the Company or (ii) which were conceived, developed or reduced to practice using the time, confidential or proprietary information, or resources of the Company or its Affiliates, in each case conceived, developed or reduced to practice by Employee alone or with others, at any time (during or after business hours) while Employee is employed by the Company or LogistiCare (the “Works”).  Employee acknowledges that the Works will be the exclusive property of the applicable member or members of the Company or its Affiliates.  Any Works that constitute copyrightable subject matter will be considered a “work made for hire” as that term is defined in the United States Copyright Act.  To the extent that any Work does not fully qualify as a work made for hire, Employee hereby irrevocably assigns to the applicable member or members of the Company or its Affiliates in perpetuity, all worldwide right, title and interest therein, including all intellectual property embodied therein and any related registrations and applications, common law rights and the right to sue for past, present or future infringement thereof and collect and retain any damages in connection therewith.  Employee understands and intends that this requirement extends to Works not currently in existence.  During and after the Term, Employee will sign any documents and perform any actions requested by any member of the Company or its Affiliates to acquire, transfer, maintain, perfect, exploit and enforce the Works.  Employee also hereby irrevocably transfers and assigns to the applicable member or members of the Company or its Affiliates, and waives and agrees never to assert during or after the term of this Agreement, any and all moral or other rights Employee may have to claim authorship of a Work, to object to or prevent any modification of any Work, to control the publication or dissemination of any Work and any similar rights in any country in the world.

(f)Non-Disparagement.  Employee will not at any time publish or communicate disparaging or derogatory statements or opinions about the Company or its Affiliates, including but not limited to, disparaging or derogatory statements or opinions about the Company’s or its Affiliates’ management, products or services to any third party, including on social media sites.  For the avoidance of doubt, it shall not be a breach of this Section 7(f) for Employee to testify truthfully in any judicial or administrative proceeding or to make statements or allegations in legal filings that are based on Employee’s reasonable belief and are not made in bad faith.

(g)Enforcement.  Employee acknowledges that the covenants and agreements of this Section 7 (the “Covenants”) herein are of a special and unique character, which gives them peculiar value, the loss of which cannot be reasonably or adequately compensated for in an action at law.  Employee further acknowledges that any breach or threat of breach by Employee of any of the Covenants will result in irreparable 

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injury to the Company and its Affiliates for which money damages could not be adequate to compensate the Company and its Affiliates.  Therefore, in the event of any such breach or threatened breach, each of the Company and LogistiCare shall be entitled, in addition to all other rights and remedies which the Company or LogistiCare may have at law or in equity, to seek an injunction and other equitable relief in aid of arbitration issued by any competent court enjoining and restraining Employee and/or all other Persons involved therein from committing a breach or continuing such breach.  The remedies granted to the Company and LogistiCare in this Agreement are cumulative and are in addition to remedies otherwise available to the Company and LogistiCare at law or in equity.  The Covenants are independent of any other provision of this Agreement, and the existence of any claim or cause of action which Employee or any such other Person may have against the Company or LogistiCare shall not constitute a defense or bar to the enforcement of any of the Covenants.  If the Company is obliged to resort to litigation to enforce any of the Covenants which has a fixed term, then such term shall be extended for a period of time equal to the period during which a breach of such Covenant was occurring, beginning on the date of a final court order (without further right of appeal) holding that such a breach occurred, or, if later, the last day of the original fixed term of such Covenant.

(h)Acknowledgements.  Employee expressly acknowledges that the Covenants are a material part of the consideration bargained for by the Company and LogistiCare and, without the agreement of Employee to be bound by the Covenants, the Company and LogistiCare would not have agreed to enter into this Agreement.  Employee further acknowledges and agrees that the Business of the Company and its services are highly competitive, and that the Covenants are reasonable and necessary to protect the Company’s legitimate business interests.  In addition, Employee acknowledges that in the event Employee’s employment with the Company and LogistiCare terminates, he will still be able to earn a livelihood without violating this Agreement, and that the Covenants are material conditions to Employee’s employment and continued employment hereunder.

(i)Scope.  If any portion of any Covenant or its application is construed to be invalid, illegal or unenforceable, then the remaining portions and their application shall not be affected thereby, and shall be enforceable without regard thereto.  If any of the Covenants is determined to be unenforceable because of its scope, duration, geographical area or similar factor, then the court or other trier of fact making such determination shall modify, reduce or limit such scope, duration, area or other factor, and enforce such Covenant to the extent it believes such factor(s) to be lawful and appropriate.

(j)Costs; Expenses in the Event of Breach.  In the event that Employee breaches or attempts to breach the Covenants, the Company and LogistiCare shall be entitled to reimbursement from Employee for all costs and expenses associated 

14

with any successful action or arbitration to enforce any of the Covenants, including but not limited to reasonable attorneys’ fees and costs of litigation.  Should the Company file an action against Employee relating to a breach of the Covenants, and a court or arbitrator of competent jurisdiction determines that Employee did not breach any of the Covenants, Employee shall be entitled to reimbursement from the Company of all costs and expenses associated with defending against such action asserting a breach, including reasonable attorneys’ fees and costs.

8.Section 409A of the Code.

(a)Applicability of Section 409A.  Amounts payable under this Agreement are intended either to be exempt from the rules of Section 409A of the Code or to satisfy those rules and shall be construed accordingly.  Each payment in a series of payments hereunder shall be deemed to be a separate payment for purposes of Section 409A of the Code.  Neither the Company nor its Affiliates shall be liable to Employee with respect to any Agreement-related adverse tax consequences arising under Section 409A or other provision of the Code.

(b)Violations of 409(A).  If any provision of this Agreement contravenes any regulations or Treasury guidance promulgated under Code Section 409A or could cause an amount payable hereunder to be subject to the interest and penalties under Code Section 409A, such provision of the Agreement shall be deemed automatically modified to maintain, to the maximum extent practicable, the original intent of the applicable provision without violating the provisions of Code Section 409A.  A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean separation from service.  If the timing of Employee’s execution, delivery and non-revocation of a General Release could impact the calendar year in which any payment under this Agreement that is subject to Section 409A will be made, such payment will be made in the later calendar year.

(c)Specified Employee.  Notwithstanding any provisions of this Agreement to the contrary, if Employee is a “specified employee” (as such term is defined for purposes of Code Section 409A), no payment of amounts not exempt from Code Section 409A shall be made under Section 6 hereof prior to the date that is six (6) months after the date of Employee’s Separation From Service or, if earlier, Employee’s date of death, to the extent such six (6) month delay in payment is required to comply with Code Section 409A, and following any applicable six (6) month delay, all such delayed payments will be paid in a single lump sum on the earliest permissible payment date.  

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9.Miscellaneous.

(a)Indulgences, Etc.  Neither the failure, nor any delay, on the part of either party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same, or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence.  No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

(b)Controlling Law; Consent to Arbitration; Service of Process.

(i)This Agreement and all questions relating to its validity, interpretation, performance and enforcement (including, without limitation, provisions concerning limitations of actions), shall be governed by and construed in accordance with the laws of the State of Delaware (notwithstanding any conflict-of-laws doctrines of such state or other jurisdiction to the contrary), and without the aid of any canon, custom or rule of law requiring construction against the draftsman.

(ii)Except to the extent provided for in Section 7 above (relating to injunctive relief and other equitable remedies in aid of arbitration), the Company, LogistiCare and Employee agree that any claim, dispute or controversy arising under or in connection with this Agreement, or otherwise in connection with Employee’s employment by the Company or LogistiCare or termination of Employee’s employment (including, without limitation, any such claim, dispute or controversy arising under any federal, state or local statute, regulation or ordinance or any of the Company’s employee benefit plans, policies or programs) shall be resolved solely and exclusively by binding, confidential, arbitration.  The arbitration shall be held in Atlanta, Georgia (or at such other location as shall be mutually agreed by the parties).  The arbitration shall be conducted in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association (the “AAA”) in effect at the time of the arbitration, except that the single arbitrator shall be selected by alternatively striking from a list of five arbitrators supplied by the AAA.  All fees and expenses of the arbitration, including a transcript if either requests, shall initially be borne equally by the parties (subject to any award of attorneys’ fees and expenses made pursuant to Paragraph 7(j)), however, all costs for the services of the arbitrator shall be borne solely by the Company.

(iii)Each party is responsible for the fees and expenses of its own attorneys, experts, witnesses, and preparation and presentation of proofs and post-hearing briefs (unless the party prevails on a claim for which attorneys’ fees 

16

are recoverable under this contract or under law).  In rendering a decision, the arbitrator shall apply all legal principles and standards that would govern if the dispute were being heard in court.  This includes the availability of all remedies that the parties could obtain in court.  In addition, all statutes of limitation and defenses that would be applicable in court, will apply to the arbitration proceeding.  The decision of the arbitrator shall be set forth in writing, and be binding and conclusive on all parties.  Any action to enforce or vacate the arbitrator’s award shall be governed by the Federal Arbitration Act, if applicable, and otherwise by applicable state law.  If any of the Company or Employee improperly pursues any claim, dispute or controversy against the other in a proceeding other than the arbitration provided for herein, the responding party shall be entitled to dismissal or injunctive relief regarding such action and recovery of all costs, losses and attorney’s fees related to such action.

(iv)Each of the parties hereto hereby consents to process being served in any suit, action or proceeding of any nature, by the mailing of a copy thereof by registered or certified first-class mail, postage prepaid, return receipt requested, to them at their respective addresses set forth in Section 9(c) hereof.  Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, all claims of error by reason of any such service pursuant to the terms hereof (but does not waive any right to assert lack of subject matter jurisdiction) and agrees that such service shall (A) be deemed in every respect effective service of process in any such suit, action or proceeding and (B) to the fullest extent permitted by applicable law, be taken and held to be valid personal service.

(v)Nothing in this Section 9(b) shall affect the right of any party hereto to serve process in any manner permitted by law or affect the right of any party to bring proceedings against any other party in the courts of any jurisdiction or jurisdictions in order to seek equitable relief, including injunctive relief or to enforce an arbitration award.

(c)Notices.  All notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given, made and received only when delivered (personally, by courier service such as Federal Express, or by other messenger) or five (5) business days following deposit in the United States mails, registered or certified mail, postage prepaid, return receipt requested, addressed as set forth below.

		
	(i)
	If to Employee, at the address most recently contained in the Company’s records (which Employee shall update as necessary)

(ii)If to the Company or LogistiCare:

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The Providence Service Corporation 
700 Canal Street, Third Floor
Stamford, Connecticut
Attention: Chief Executive Officer
Any party may alter the addresses to which communications or copies are to be sent by giving notice of such change of address in conformity with the provisions of this Section for the giving of notice.
(d)Assignment of Agreement.  The rights and obligations of both parties under this Agreement shall inure to the benefit of and shall be binding upon their heirs, successors and assigns.  The Company and LogistiCare may assign or otherwise transfer their respective rights and obligations under this Agreement, including but not limited to all Covenants contained in Section 7 above, to any successor or affiliated business or corporation whether by sale of stock, merger (in which case the Company’s, LogistiCare’s and Employee’s rights and obligations will be owed to or from, as the case may be, the surviving entity by operation of law without the need for further writing), consolidation, sale of assets or otherwise.  This Agreement may not, however, be assigned by Employee to a third party, nor may Employee delegate Employee’s duties under this Agreement.

(e)Execution in Counterparts.  This Agreement may be executed in counterparts, including by facsimile or other electronic transmission, each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument.  This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories.

(f)Provisions Separable.  The provisions of this Agreement are independent of and separable from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part.

(g)Entire Agreement; Amendment.  This Agreement contains the entire understanding among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements and understandings between the parties, inducements or conditions, express or implied, oral or written, except as herein contained.  The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof.  This Agreement may not be modified or amended other than by an agreement in writing executed by both parties hereto. Notwithstanding anything to the contrary, the Company may terminate this agreement and have no obligations hereunder (and Employee will not be appointed to the office of CFO) if, following the completion of a customary background check of the Employee, the Board determines, in its sole discretion, that the 

18

results of such background check are not satisfactory for the Company’s CFO.  In the event of a termination of this Agreement by the Company pursuant to the preceding sentence, this Agreement shall be void ab initio and of no force or effect.

(h)Section Headings.  The Section headings in this Agreement are for convenience only; they form no part of this Agreement and shall not affect its interpretation.

(i)Gender, Etc.  Words used herein, regardless of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context indicates is appropriate.

(j)Independent Review and Consultation.  Employee is hereby advised to consult with an attorney before signing this Agreement.  Employee acknowledges that it is Employee’s decision whether or not to do so.

(k)Number of Days.  In computing the number of days for purposes of this Agreement, all days shall be counted, including Saturdays, Sundays and holidays; provided, however, that if the final day of any time period falls on a Saturday, Sunday or holiday on which entities which are provincially regulated are or may elect to be closed, then the final day shall be deemed to be the next day which is not a Saturday, Sunday or such holiday.
[signature page follows]
 

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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement, intending to be legally bound hereby, as of the date first above written.
THE PROVIDENCE SERVICE CORPORATION
By: /s/ R. Carter Pate                    
Name:  R. Carter Pate
Title:  Interim Chief Executive Officer
LOGISTICARE SOLUTIONS, LLC
By: /s/ Jeff Felton                    
Name:  Jeff Felton
Title:  Chief Executive Officer
KEVIN M. DOTTS
/s/ Kevin M. Dotts

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