Document:

EX-10.8

 Exhibit 10.8 

SUBLEASE 
 THIS
SUBLEASE AGREEMENT (“Sublease”) is made and effective as of March 31, 2008 (the “Effective Date”), by and between SPIRIT MASTER FUNDING IV, LLC, a Delaware limited liability company
(“Spirit”), and MALIBU BOATS, LLC, a Delaware limited liability company (“Malibu”). 

RECITALS 
 A. On
March 31, 2008, Spirit and Malibu entered into a sale-leaseback transaction (the “Sale-Leaseback”) relating to that certain property located in Loudon, Tennessee as more particularly described in the Master Lease (defined
herein) (the “Master Lease Property”). In connection therewith, Spirit, as landlord and Malibu, as tenant, entered into that certain Master Lease Agreement dated as of the Effective Date (the “Master Lease”). A copy
of the Master Lease is attached hereto as Exhibit A and incorporated herein. 
 B. Malibu, as successor in interest to Malibu West,
Incorporated, a Tennessee corporation, as tenant, and the County of Loudon Tennessee and City of Loudon Tennessee (collectively, “Loudon”), collectively as landlord, entered into that certain Lease Agreement dated November 1,
2005 (“Loudon Lease”), whereby Loudon leased to Malibu certain property adjacent to the Master Lease Property, as more particularly described in the Loudon Lease (the “Sublease Property”). A copy of the Loudon Lease
is attached hereto as Exhibit B and incorporated herein. 
 C. On February 20, 2008, Loudon consented to the assignment of the
Loudon Lease from Malibu to Spirit. In connection with the Sale-Leaseback, Spirit desires to sublease the Sublease Property to Malibu and Malibu desires to sublease the Sublease Property from Spirit in accordance with the terms, covenants and
conditions contained in this Sublease. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and promises of the parties hereinafter set forth, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Spirit and Malibu agree as follows: 
  

	1.	Sublease. 

 Upon and subject to the terms, covenants and conditions hereinafter
set forth, Spirit hereby leases to Malibu, and Malibu hereby leases from Spirit, the Sublease Property. 
  

	2.	Term. 

 The term of this Sublease, which shall be co-terminus with the Master
Lease (as related to the Sublease Property) (“Sublease Term”), shall commence on the Effective Date and, unless sooner terminated as provided herein, shall terminate upon the earlier of the (i) expiration of the term of the
Master Lease, or (ii) termination of the Master Lease for any reason. 

  
 1 

	3.	Rent. 

 3.1 During the Sublease Term, Malibu shall be solely responsible for all
Rent as defined under paragraph 2 of the Loudon Lease. 
 3.2 Each payment of Rent shall be payable in the manner set forth in the Loudon
Lease. 
 3.3 In addition to Rent, Malibu agrees to pay all costs, expenses and obligations of every kind and nature whatsoever imposed on
Spirit arising out of and in connection with the Loudon Lease as it relates to the Sublease Property. Malibu hereby acknowledges and agrees that Rent due hereunder shall be absolutely net, without deduction, set off or abatement. 

 

	4.	Incorporation of Master Lease By Reference; Assumption. 

 4.1 Malibu acknowledges
that it has read the Master Lease and is fully familiar with the terms and conditions thereof. All of the paragraphs of the Master Lease are incorporated into this Sublease as if fully set forth in this Sublease. Malibu shall assume and perform for
the benefit of Spirit and Loudon all of Spirit’s obligations under the Loudon Lease arising on or after the Effective Date to the extent that such provisions are applicable to the Sublease Property. 

4.2 This Sublease shall at all times during the Sublease Term remain subject and subordinate to the terms and conditions of the Master Lease
and to all modifications, amendments and extensions of the Master Lease. If any provisions of this Sublease expressly conflict with any portion of the Master Lease as incorporated herein, the terms of the Master Lease shall govern. 

4.3 If the Master Lease terminates, this Sublease shall terminate and the parties shall be relieved from all liabilities and obligations under
this Sublease, except as specified in the Master Lease. 
  

	5.	Acceptance of Sublease Property “As Is”. 

 The Sublease Property shall
be delivered to Malibu in “As Is and With All Faults” condition and without any representations and warranties or promises with respect thereto made by Spirit, its agents, officers, directors or employees. The taking of possession of any
portion of the Sublease Property by Malibu shall be conclusive evidence that Malibu accepts the same “As Is and With All Faults” and that the Sublease Property are suited for the use intended by Malibu and are in good and satisfactory
condition at the time such possession was taken. 
  

	6.	Defaults and Remedies. 

 6.1 Upon any default by Malibu under this Sublease or
failure by Malibu to perform the obligations of Spirit under the Loudon Lease which results in a default by Spirit under the Loudon Lease, Spirit shall have all rights and remedies available at law or in equity, including, without limitation, the
rights and remedies available to Spirit as described in the Master Lease. 

  
 2 

 6.2 Notwithstanding the foregoing, in the event of a non-monetary default by Malibu under this
Sublease or failure by Malibu to perform the obligations of Spirit under the Loudon Lease which results in a non-monetary default by Spirit under the Loudon Lease, Malibu shall have the same notice and cure rights provided for in the Master Lease.

  

	7.	Malibu’s Insurance. 

 7.1 Malibu, at its sole cost and expense, shall
maintain or cause to be maintained from and after the Effective Date and throughout the Sublease Term, the insurance required to be carried by Spirit under the Loudon Lease with respect to the Sublease Property and shall comply with all requirements
for insurance set forth in the Loudon Lease. 
 7.2 Malibu hereby waives on behalf of itself and on behalf of its insurers any and all
rights of recovery against Spirit and the officers, employees, agents and representatives of Spirit on account of loss or damage occasioned to Malibu or on the Subleased Property caused by fire or any of the extended coverage risks described in the
Loudon Lease to the extent that such loss or damage is insured under any insurance policy in force at the time of such loss or damage or required to be carried hereunder; provided, however, such waiver does not cover any loss or damage arising out
of the gross negligence or willful misconduct on the part of Spirit or the officers, employees, agents and representatives of Spirit. If necessary for its effectiveness, Malibu shall give notice to its insurance carrier of the foregoing waiver of
subrogation. 
  

	8.	Time. 

 Time is of the essence of this Sublease. 

 

	9.	Notices. 

 All notices required under this Sublease shall be given pursuant to the
notice provisions provided for in the Master Lease. 
  

	10.	General Provisions. 

 10.1 Entire Agreement. This Sublease contains all of
the agreements of the parties, and there are no verbal or other agreements which modify or affect this Sublease. This Sublease supersedes any and all prior agreements made or executed by or on behalf of the parties hereto regarding the Sublease
Property and sets forth obligations concerning the Sublease Property. 
 10.2 Headings. The titles to sections of this Sublease are
not a part of this Sublease and shall have no effect upon the construction or interpretation of any part hereof. 
 10.3 Successors and
Assigns. All of the covenants, agreements, terms and conditions contained in this Sublease shall inure to and be binding upon Spirit and Malibu and their respective successors and assigns. 

10.4 Severability. Any provision of this Sublease which shall prove to be invalid, void or illegal shall in no way affect, impair or
invalidate any other provision hereof, and the remaining provisions hereof shall nevertheless remain in full force and effect. 

  
 3 

 10.5 Force Majeure. Except as may be otherwise specifically provided herein, time periods
for either party’s performance under any provisions of this Sublease not involving the payment of money or rent shall be extended for periods of time during which said party’s performance is prevented due to circumstances beyond the
party’s control, including, without limitation, strikes, embargoes, governmental regulations, acts of God, war or other strife. 
 10.6
Applicable Laws. This Sublease shall be governed by and construed pursuant to the laws of the state provided in the Master Lease. 

10.7 Survival of Obligations. All provisions of this Sublease which require the payment of money or the delivery of property after the
termination of this Sublease or require Malibu to indemnify, defend or hold Spirit harmless shall survive the termination of this Sublease. 

10.8 Appendices and Riders. The following appendices and riders are attached hereto and by this reference made a part of this Sublease:

  

			
	EXHIBIT A	  	Master Lease
		
	EXHIBIT B	  	Loudon Lease

 [Remainder of page intentionally left blank: signature page(s) to follow] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have executed this Sublease effective as of the date first
written above. 
  

			
	SPIRIT
	
	SPIRIT MASTER FUNDING, IV, LLC, a Delaware limited liability company.
		
	By:	 	 /s/ Gregg A. Seibert

	Name:	 	Gregg A. Seibert
	Title:	 	Senior Vice President
	
	MALIBU:
	
	MALIBU BOATS, LLC, a Delaware limited liability company
		
	By:	 	 /s/ Joe Bedeur

	Name:	 	Joe Bedeur
	Title:	 	Chief Financial Officer

  
 5 

 EXHIBIT A 

MASTER LEASE 

  
 6 

 EXHIBIT B  

LOUDON LEASE 

  
 7 

 THIS INSTRUMENT PREPARED BY: 

			
		  	 Harvey L. Sproul, Attorney
 205
East Broadway
 Lenoir City, Tennessee 37771

Phone: (865) 986-8054

 LEASE AGREEMENT 

THIS INDENTURE of lease made and entered into this 1st day of November, 2005, by and between LOUDON COUNTY, TENNESSEE, a
political subdivision of the State of Tennessee, and the CITY OF LOUDON, TENNESSEE, a municipal subdivision of the State of Tennessee, Parties of the First Part (hereinafter referred to as LESSORS), and MALIBU BOATS WEST,
INCORPORATED, a Tennessee corporation, with its principal office and place of business in Loudon, Tennessee, Party of the Second Part (hereinafter referred to as LESSEE); 

W I T N E S S E T H 

WHEREAS, Lessee hereto does hereby lease real property described as follows: 

LOCATED in the First Civil District of Loudon County in the Sugarlimb Industrial Park adjacent to the present premises owned by Malibu
Boats, and being more particularly described as follows: 
 Areas #2 and #3 as shown on a survey entitled “New Mold & Dry
Storage Facility” (Malibu Boats), prepared by C2RL, Inc. Engineers dated July 12, 2004 (Job No. 5202), as prepared by Christopher J. Soro, TRLS #17672, a copy of which map is attached to this lease agreement as Exhibit 1, and
incorporated within this agreement. Also included herein is Area #1, but conditioned, however, as provided herein. 
 WHEREAS, Lessee
is in great need of expansion, and the area in which it may expand is limited, with Lessors desiring to accommodate Lessee to the extent possible, but being limited by a Tennessee Valley Authority (TVA) flowage easement and archaeological resources
related to the site; and 
 WHEREAS, a Warranty Deed, Lease, and Easement Agreement providing for the expansion, and related
documents, are being executed contemporaneously, accomplishing arrangements and setting forth the terms and conditions of the overall agreement; and 

  
 1 

 WHEREAS, on the aforementioned survey, there are areas indicated as Area #2, Area #3, Area
#4 (already under a separate agreement), and Area #1, provisions and conditions for which are included in this lease agreement; and 

WHEREAS, Area #2 is an area over which Lessee, by previous arrangements has taken possession and control, and has paved and fenced it,
with it being subject to and a part of the TVA Flowage Easement (the said Area #2 being south of and contiguous with what is designated as Area #4, and being fenced and located on an elevated area down behind Lessee’s real property (the said
Area #4 being a recently paved driveway being further described as connecting from Kimberly Way westwardly to the boat launching ramp on the Tennessee River, which driveway is for the purpose of launching boats for testing purposes, etc.; and

 WHEREAS, Area #2 also is a paved strip connecting to the Area #4 paved driveway, said Area #2 has an approximate 100 foot
“mouth” at its connection to the Area #4 driveway, with the entrance driveway “narrowing” from the mouth and averaging 75-100 feet in depth, and with the Area #4 itself being a strip of “storage” area with a general
average width of approximately 175 feet and extending in a generally southerly direction (slight dogleg left) approximately 545 feet to the terminus of the “cul-de-sac”; and 

WHEREAS, Area #3 is a rectangular parcel presently in a vegetative state, contiguous (to Area #2) in the flood zone bordering on Watts
Bar lake, which joins with and is contiguous with Area #2, the said Area #3 extending contiguous to the west boundary of Area #2 an average of approximately 305 feet deep along the Tennessee River, and being an average of approximately 160 feet
wide; and 
 WHEREAS, Areas #2 and #3 comprise the “premises” for this lease; and 

  
 2 

 WHEREAS, Area #1 is an area planned to be a recreational soccer field for the City of
Loudon, located between the access easement (Area #4) on the south and the property of Kimberly-Clark on the north, the said area having dimensions of approximately 380 feet in length and approximately 230 feet in width. 

NOW, THEREFORE, the parties agree as follows: 

1. Duration: The term and duration of this lease shall be for a time period commencing on the 1st day of November, 2005, and continuing for a period of fifteen (15) years, with automatic one (1) year renewals thereafter, unless sooner terminated, in accordance with the lease. Either
party may give notice of termination of the lease for any reason one hundred twenty (120) days prior to the end of any term. 
 2.
Rent: The Lessee shall pay and the Lessors shall accept for rental of the Premises the sum of Three Thousand Dollars ($3,000.00), payable annually, in advance. Rental payment shall be waived during the duration of the lease upon completion of
activities relating to the construction of a soccer field and improvements noted in item #3 below by Lessee. 
 3. Use: Lessee agrees
that Areas #1 and #2, which are subject to the TVA flowage easement, shall be used for the open storage of company products. Lessee is strictly prohibited from locating permanent or temporary structures on the property, and is further prohibited
from grading or disturbing the terrain other than for general maintenance purposes, unless previously approved by Lessors and TVA. 
 Area
#1 is planned as a soccer field which will continue to be owned by Lessors, but which is to be constructed by Lessee in accordance with the plans and specifications shown on Exhibit 1 herein, which shall include a concessions building,
including bathrooms and storage areas (again, which are included on the aforesaid plans for Area #1). The use of the property for  

  
 3 

 
a soccer field is conditioned and subject to agreement being obtained from the Tennessee Valley Authority. If approved by TVA, the field is to be constructed by Lessee within one
(1) year from the time of notice from Lessors that TVA approval has been rendered, with the entire project to be completed within three (3) years, in phases by Lessee as necessary. 

In this regard, a Phase 1 archaeological study is to be prepared by Lessors, and if a decision is made by TVA that a Phase II study is
required, then Lessors, at their option, may abandon this project as being too expensive. If Lessors fail to obtain authorization to construct said recreational facility, Lessors’ responsibility under this Lease pertaining to construction of
the soccer field is terminated. However, if final approval is obtained from TVA, then upon notice to Lessee, construction is to be started within a reasonable time, and primary construction of the field is to be completed within one (1) year.

 4. Condition: Lessee acknowledges that it has fully inspected said premises prior to the execution of this lease and accepts same
in their present state of repair and condition. 
 5. Maintenance and Repairs: All maintenance and repairs needed in or on the
premises during the term of this lease or the renewal term shall be the obligation of the Lessee. 
 6. Assignment or Subletting:
Lessee will not assign this lease or sublet the premises, in whole or in part, without first obtaining the written consent of Lessors, and providing further, in the event of assignment or subletting, Lessee shall not thereby be relieved of its
obligations as contained herein. 
 7. Taxes, Maintenance, Repair and Replacements: Lessee, at no expense to Lessors, will keep the
premises in good order and condition and shall promptly make all necessary and appropriate repairs and replacements, ordinary or extraordinary, foreseen or unforeseen. Lessee will not do or permit any act or thing which might materially impair the
condition of the 

  
 4 

 
premises or any part thereof, or commit or permit any waste on the premises or any part thereof. Lessee shall also pay and be responsible for all charges and assessments and any other
governmental public utility charges that may or could be assessed or charged against the premises during the term of this lease. Lessee hereby assumes the full and sole responsibility for the condition, operation, repair, maintenance, renovation,
and management of the premises. This paragraph is subject to any contrary provisions that may be contained in this agreement. 
 8.
Insurance: Lessee shall, at its own cost and expense, maintain throughout the term of this lease, public liability insurance covering the premises, with limits of liability not less than Five Hundred Thousand Dollars ($500,000.00) for one
person and One Million Dollars ($1,000,000.00) for two or more persons in any one accident or occurrence for bodily injury or death and not less than Two Hundred Fifty Thousand Dollars ($250,000.00) for property damage. Property insurance policies
shall include the Lessors as loss payees with the Lessee as their interests may appear, and the liability policy shall include the Lessors as additional insureds with the Lessee. Lessee shall promptly furnish to Lessors duplicate originals of all
such insurance policies maintained on a current basis during the term of the lease. 
 9. Indemnification: Lessee covenants and
agrees with the Lessors that during the entire term of this Lease, the Lessee will indemnify and save harmless the Lessors against any and all claims, debts, demands or obligations which may be made against it, or against its title in the premises,
notwithstanding that joint or concurrent liability may be imposed upon it by statute, ordinance or any governmental enactment of authority, arising by reason of the use of the premises, (notwithstanding that joint or concurrent liability may be
imposed upon it by statute, ordinance or any governmental enactment of authority, arising by reason of the use of the premises) with the Lessee’s permission, including the Lessee’s employees, invitees, licensees, 

  
 5 

 
agents and customers, occurring in or in connection with the premises; and if it becomes necessary for the Lessors to defend any action seeking to impose such liability, the Lessee will pay all
costs of court and attorney’s fees reasonably incurred by Lessors in effecting such defense, in addition to any other sums which Lessors may be called upon to pay by reason of the entry of a judgment against the Lessors in the litigation in
which such claim is asserted. Nothing herein contained shall be construed to authorize the Lessee to incur any debt or obligations binding on the Lessors or Lessors’ title or estate to the premises. 

10. Default: If the rent payable to Lessors herein, or any part thereof, shall at any time be in arrears or unpaid for more than thirty
(30) days, or if the Lessee shall fail to keep and perform any of the covenants, agreements or conditions of this lease on the part of Lessee to be kept and performed, and shall fail to promptly begin and expeditiously proceed to correct such
failure for thirty (30) days after notice of such default has been given to Lessee by Lessors in writing, it shall be lawful for Lessors to again enter the premises and have, repossess and enjoy the same as if this lease had not been made, and
thereupon all rights of Lessee under this lease shall cease and be void, without prejudice, however, to the right of Lessors to recover from Lessee all rent and/or damage occasioned and due up to the time of such repossession and thereafter during
the remainder of the term of this lease. Lessors shall have the option but not the obligation to relet the premises. 
 11. Covenants of
Lessors: Lessors represent and covenant that they have the full right and authority to execute this lease for the term thereof and upon the conditions herein stated, and that for so long as Lessee keeps and performs all of its obligations to be
performed, it shall have quiet, peaceful, undisturbed and continuous possession of the premises for the term of this lease. This covenant of Lessors shall not extend to any interruption of Lessee’s possession 

  
 6 

 
or use occasioned by the failure of Lessee to comply with the provisions of any law, ordinance, regulation or regulations of any governmental authority or authorities having jurisdiction over the
premises or Lessee’s use thereof. 
 12. Right of Entry: Lessors or their duly authorized representatives shall have the right
to enter upon the premises at all reasonable times to examine the condition and use thereof, provided that such right shall be exercised so as not to interfere with the Lessee and the conduct of the Lessee’s business on the premises. 

13. Amendments: This lease may not be amended, modified, altered or changed in any respect whatsoever, except by a further agreement in
writing duly executed by the parties hereto. 
 14. Entire Agreement: This Agreement constitutes the entire agreement of the practice
and the same may not be amended or modified orally. All understandings and agreements heretofore had between the parties are merged in this Agreement which alone fully and completely expresses their understandings, provided that, should any single
provision or provisions of the agreement be declared invalid, the validity of the remaining provisions shall not be impaired. 
 15.
Bankruptcy: It is agreed and understood that an adjudication by a Court of Bankruptcy that Lessee is bankruptcy or an adjudication by a Court of Equity that Lessee is insolvent, resulting in the appointment of a permanent receiver for
Lessee’s business, shall be deemed a breach of this lease, and thereupon Ipso facto and without entry or other action by Lessors, this lease shall become and be terminated and notwithstanding any other provisions of this lease, Lessors shall
forthwith upon such termination be entitled to recover damages for such breach in an amount equal to the amount of rent reserved under this Lease for the residue of said term. 

  
 7 

 16. After Expiration of Lease: Should Lessee continue to occupy said premises after the
expiration of the term or renewal term of this lease, such tenancy shall be at the will and pleasure of Lessors only and not a tenancy from term to term or from year to year. 

17. Notices: Whenever either party desires to give notice to the other, including change of address, it shall be considered as legally
given if sent by registered or certified mail in the case of Lessors to: 
 Loudon County, 

100 River Road, Box 109 

Loudon, Tennessee 37774 
 City
of Loudon 
 P.O. Box 189 

Loudon, Tennessee 37774 
 and in the case of
Lessee to: 
 Malibu Boats West, Incorporated 

5075 Kimberly Way 
 Loudon,
Tennessee 37774 
 subject to change by the respective parties upon written notice as herein specified. 

The terms, provisions, limitations and restrictions herein contained shall be binding not only upon Lessors and Lessee, but upon their
respective successors and assigns, if any. 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have executed this lease on the day and year first above
written. 
  

			
	LOUDON COUNTY, TENNESSEE
		
	By:	 	 /s/ George M. Miller

	Title:	 	County Mayor
	
	CITY OF LOUDON
		
	By:	 	 /s/ Bernie R. Swiney

	Title:	 	Mayor
	
	MALIBU BOATS WEST, INCORPORATED
		
	By:	 	 /s/ John Sisson

	Title:	 	Vice-President

  

			
	STATE OF TENNESSEE	 	)
	COUNTY OF LOUDON	 	)

 Before me, the undersigned authority, a Notary Public in and for the State and County aforesaid
personally appeared GEORGE M. MILLER, with whom I am personally acquainted, and who, upon oath, acknowledged himself to be the County Mayor of Loudon County, Tennessee, the within named bargainor, a political subdivision of the State of
Tennessee, and that he as such County Mayor being authorized so to do, executed the foregoing instrument for the purpose therein contained, by signing the name of the political subdivision by himself as County Mayor. 

Witness my hand and seal, at offices in Loudon, Tennessee, this 4th day of November,
2005. 
  

	
	 /s/ Harvey L. Sproul

	     Notary Public

 My commission expires: 8/6/08 

  
 9 

			
	STATE OF TENNESSEE	 	)
	COUNTY OF LOUDON	 	)

 Before me, the undersigned authority, a Notary Public in and for the State and County aforesaid
personally appeared BERNIE R. SWINEY, with whom I am personally acquainted, and who, upon oath, acknowledged himself to be the Mayor of the City of Loudon, Tennessee, the within named bargainor, a municipal corporation of the State of
Tennessee, and that he as such Mayor being authorized so to do, executed the foregoing instrument for the purpose therein contained, by signing the name of the municipal corporation by himself as Mayor. 

Witness my hand and seal, at offices in Loudon, Tennessee, this 4th day of November,
2005. 
  

	
	 /s/ Harvey L. Sproul

	     Notary Public

 My commission expires: 8/6/08 
  

			
	STATE OF TENNESSEE	 	)
	COUNTY OF LOUDON	 	)

 Before me, the undersigned authority, a Notary Public in and for the State and County aforesaid
personally appeared JOHN SISSON, with whom I am personally acquainted, and who, upon oath, acknowledged himself to be the Vice-President of MALIBU BOATS WEST, INCORPORATED, the within named bargainor, a corporation, and that he as such
Vice-President being authorized so to do, executed the foregoing instrument for the purpose herein contained, by signing the name of the corporation by himself as Vice-President. 

Witness my hand and seal, at offices in Loudon, Tennessee, this 4th day of November,
2005. 
  

	
	 /s/ Harvey L. Sproul

	     Notary Public

 My commission expires: 8/6/08 

  
 10 

 

 

  
 11 

 THIS INSTRUMENT PREPARED BY: 

			
		  	 Harvey L. Sproul, Attorney
 205
East Broadway
 Lenoir City, Tennessee 37771

Phone: (865) 985-8054

 CORRECTION AGREEMENT 

THIS CORRECTION AGREEMENT, made and entered into this      day of
            , 2006, by and between LOUDON COUNTY, TENNESSEE, a political subdivision of the State of Tennessee, and the CITY OF LOUDON, TENNESSEE, a municipal subdivision of
the State of Tennessee, Parties of the First Part (hereinafter referred to as LESSORS), and MALIBU BOATS WEST, INCORPORATED, a Tennessee corporation, with its principal office and place of business in Loudon, Tennessee, Party of the Second
Part (hereinafter referred to as LESSEE); 
 W I T N E S S E T H 

WHEREAS, the parties entered into a series of transactions, including a Warranty Deed, Lease Agreement, and Easement Agreement on
November 1, 2005; and 
 WHEREAS, one of the documents was a Lease Agreement, which was recorded in the Register’s
Office of Loudon County, Tennessee, in Trust Book 826, page 397; and 
 WHEREAS, in the first line of paragraph Three on Page
Three there is a reference to two of the described areas which shall be used for the open storage of company products, one of which was an inadvertent error, and the two areas which should have been described are Areas #2 and #3; and 

WHEREAS, the parties desire to correct the document. 

NOW, THEREFORE, the parties agree as follows: 

The first sentence of Paragraph Three on Page Three in the Lease Agreement recorded in the Register’s Office of Loudon County, Tennessee,
in Trust book 826, Page 397, shall be changed to read as follows: 
 Use: “Lessee agrees that Areas #2 and #3, which are
subject to the TVA flowage easement, shall be used for the open storage of company products.” 
 EXCEPT AS CORRECTED HEREIN, the
remainder of the Lease Agreement dated November 1, 2005 remains in full force and effect. 

  
 1 

 IN WITNESS WHEREOF, the parties hereto have executed this Correction Agreement on the day
and date first above written. 
  

			
	LOUDON COUNTY, TENNESSEE
		
	By:	 	 /s/ George M. Miller

	Title:	 	County Mayor
	
	CITY OF LOUDON
		
	By:	 	 /s/ Bernie R. Swiney

	Title:	 	Mayor
	
	MALIBU BOATS WEST, INCORPORATED
		
	By:	 	 /s/ John Sisson

	Title:	 	Vice-President

  
 2 

			
	STATE OF TENNESSEE	 	)
	COUNTY OF LOUDON	 	)

 Before me, the undersigned authority, a Notary Public in and for the State and County aforesaid
personally appeared GEORGE M. MILLER, with whom I am personally acquainted, and who, upon oath, acknowledged himself to be the County Mayor of Loudon County, Tennessee, the within named bargainor, a politican subdivision of the State of
Tennessee, and that he as such County Mayor being authorized so to do, executed the foregoing instrument for the purpose herein contained, by signing the name of the political subdivision by himself as County Mayor. 

Witness my hand and seal, at office in Lenoir City, Tennessee, this 30th day of January, 2006. 

 

	
	 /s/ Harvey L. Sproul

	     Notary Public

 My commission expires: 4-8-08 
  

			
	STATE OF TENNESSEE	 	)
	COUNTY OF LOUDON	 	)

 Before me, the undersigned authority, a Notary Public in and for the State and County aforesaid
personally appeared BERNIE R. SWINEY, with whom I am personally acquainted, and who, upon oath, acknowledged himself to be the Mayor of the City of Loudon, Tennessee, the within named bargainor, a municipal corporation of the State of
Tennessee, and that he as such Mayor being authorized so to do, executed the foregoing instrument for the purpose therein contained, by signing the name of the municipal corporation by himself as Mayor. 

Witness my hand and seal, at office in Lenoir City, Tennessee, this 30th day of January, 2006. 

 

	
	 /s/ Harvey L. Sproul

	     Notary Public

 My commission expires: 4-8-08 

  
 3 

			
	STATE OF TENNESSEE	 	)
	COUNTY OF LOUDON	 	)

 Before me, the undersigned authority, a Notary Public in and for the State and County aforesaid
personally appeared JOHN SISSON, with whom I am personally acquainted, and who, upon oath, acknowledged himself to be the Vice-President of MALIBU BOATS WEST, INCORPORATED, the within named bargainor, a corporation, and that he as such
Vice-President being authorized so to do, executed the foregoing instrument for the purpose therein contained, by signing the name of the corporation by himself as Vice-President. 

Witness my hand and seal, at office in Loudon, Tennessee, this 26th day of January, 2006.

  

	
	 /s/ Jessica H. Garner

	     Notary Public

 My commission expires: Aug. 7, 2007 

  
 4EX-10.12

 Exhibit 10.12 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as
of            , 2014 (the “Effective Date”), by and between Malibu Boats, Inc., a Delaware corporation (the “Company”), and Ritchie Anderson, an individual
(“Executive”). 
 RECITALS: 

A. The Company desires that Executive be employed by the Company to carry out the duties and responsibilities described below, all on the
terms and conditions hereinafter set forth. 
 B. Executive desires to accept such employment on such terms and conditions. 

C. This Agreement shall govern the employment relationship between Executive and the Company from and after the Effective Date, and supersedes
and negates all previous negotiations and agreements with respect to such relationship. 
 NOW, THEREFORE, in consideration of the
above recitals incorporated herein and the mutual covenants and promises contained herein and other valuable consideration, the receipt and sufficiency of which is hereby expressly acknowledged, the parties agree as follows: 

1. EMPLOYMENT. The Company hereby agrees to employ Executive as Chief Operating Officer according to the terms and conditions set forth herein,
effective as of the Effective Date. Executive shall report directly to the Company’s Chief Executive Officer (the “CEO”). Executive shall perform such officer level duties and have such officer level authority and responsibility as is
usual and customary for such position, plus any additional officer level duties as may reasonably be assigned from time to time by the CEO, including but not limited to providing services as an officer or director to one or more of the
Company’s subsidiaries or affiliates (and the compensation for such services shall be covered exclusively by Sections 3 through 5 of this Agreement). Executive hereby accepts such employment and agrees to devote Executive’s full business
time, energy and best efforts to the performance of the Executive’s duties for the Company. Executive shall be subject to and comply with the Company’s policies, procedures and approval practices, as generally in effect from time-to-time.

 2. EMPLOYMENT RELATIONSHIP. The “Period of Employment” under this Agreement shall be the period that Executive remains
employed by the Company. Subject to the terms of Section 5 of this Agreement, Executive shall be employed on an at-will basis and Executive’s employment with the Company may be terminated by Executive or the Company at any time, with or
without Cause, and with or without advance notice. 
 3. COMPENSATION. 

a. Base Salary. During the Period of Employment, the Company agrees to pay Executive a base salary of Two Hundred Thousand
dollars ($ 200,000.00) per annum, less standard deductions and authorized withholdings (the “Salary”). The Salary shall be paid in accordance with the Company’s standard payroll practices. 

  
 1 

 b. Bonus. During the Period of Employment, Executive shall be entitled to earn an
annual performance-based bonus (“Annual Bonus”) as follows: 
 (1) In addition to Salary, during each fiscal year of the
Period of Employment, Executive will be eligible to earn a target annual cash bonus of 40% of Salary, if and only if Executive, the Company and its subsidiaries achieve the performance criteria specified by the Board or the Compensation Committee
(if there is one) for such year, as determined by the Board or such Compensation Committee (if there is one) in its sole discretion. Unless otherwise agreed to by Executive, any such bonus amount for any year shall be earned (if awarded) on the last
day of such year and paid by the Company no later than the earlier of (x) the date that is ten (10) business days after the Company’s receipt of its audited financial statements for the calendar year with respect to which such bonus
has been earned and (y) December 31 of the calendar year following such year with respect to which such bonus has been earned. 

(2) To earn any Annual Bonus, Executive must be continuously and actively employed through the end of the applicable fiscal year and the date
that bonuses are normally paid to the Company’s executives; provided, however, if Executive is actively and continuously employed through the applicable fiscal year, but is terminated without Cause or terminates employment for Good Reason prior
to the date that bonuses are normally paid to the Company’s executives, Executive shall be deemed to have earned such Annual Bonus. Each Annual Bonus earned by Executive, if any, will be due and payable no later than 75 days following the end
of the applicable fiscal year. Any Annual Bonus paid to Executive shall be subject to applicable deductions and withholdings. 
 4.
BENEFITS. 
 a. Benefits. In addition to (but without duplication of) Salary and any bonuses payable to
Executive pursuant to Section 3, Executive shall be entitled to participate at his sole discretion in all of the Company’s employee benefit programs for which senior executive employees of the Company are generally eligible, subject to the
terms, conditions and eligibility requirements of such plans and benefits. 
 b. Vacation. Executive will be entitled to accrue
vacation time, in an amount and subject to accrual limits, in accordance with the Company’s policies and practices for senior executives of the Company. Executive shall schedule and take vacation at the mutual convenience of the Executive and
the Company. 
 c. Automobile. During the Period of Employment, the Company shall, at its option, either provide Executive with
a monthly automobile allowance or, at its cost, shall provide Executive a car that will be owned by the Company. Such allowance or car shall be of the same amount and or quality consistent with Company practices and made available to other
executives or managers of the Company. Insurance will be maintained and paid by the Company. Executive shall be entitled to reimbursement for the cost of all maintenance and fuel costs associated with Executive’s use of the automobile.
Executive may use such automotive vehicle for business and personal purposes. 
 d. Boat. During the Period of Employment, the
Company at its cost shall provide Executive a boat of a quality consistent with the Company’s practices and made available to other executives of the Company (of a kind and cost to be approved by the Board) that will be owned by the Company.
Insurance will be maintained and paid by the Company. Executive shall be entitled to reimbursement for the cost of all maintenance 

  
 2 

 
costs associated with Executive’s use of the boat. Executive will be responsible for all fuel costs associated with Executive’s use of the boat. Executive may use such boat for business
and personal purposes. 
 e. Business Expenses. During the Period of Employment, the Company shall reimburse Executive in the
calendar year in which they are incurred for all reasonable out-of-pocket business expenses incurred by him in the course of performing his duties and responsibilities under this Agreement which are consistent with the Company’s policies in
effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. 

5. TERMINATION. Notwithstanding anything in this Agreement to the contrary, Executive’s employment may be terminated as follows: 

a. Death. Upon the death of Executive, Executive’s employment with the Company shall terminate and the Company shall not be
obligated to make any further payments to Executive hereunder, except amounts due as Salary, any unpaid Annual Bonus earned pursuant to Section 3(b) and accrued but unused vacation earned at the time of Executive’s termination of
employment, and reimbursement for any documented expenses incurred prior to Executive’s termination of employment in accordance with Section 5 hereof (collectively, the “Accrued Obligations”). 

b. Disability. In the event that the Board reasonably determines in good faith that Executive is unable to perform the essential
functions of his employment with the Company, even with reasonable accommodation that does not impose an undue hardship on the Company, for more than ninety (90) days in any rolling one-year period (“Disability”), unless a
longer period is required by applicable federal or state law, in which case that longer period would apply, the Board shall have the right to terminate Executive’s employment, and the Company shall not be obligated to make any further payments
to Executive hereunder, except for the Accrued Obligations. Executive expressly agrees that the Company shall have the right to permanently replace Executive in the event he is terminated due to a Disability. 

c. Termination for Cause. The Board may terminate Executive’s employment at any time immediately upon written notice to
Executive for Cause. 
 (1) For purposes of this Agreement, “Cause” shall mean any of the following occurring during
Executive’s employment hereunder: (a) a knowing, intentional or reckless act or omission that constitutes theft, forgery, fraud, material dishonesty, misappropriation, breach of fiduciary duty or duty of loyalty, or embezzlement by
Executive against the Company or any of its parent, subsidiary or affiliated entities; (b) Executive’s conviction, or plea of guilty or nolo contendere, of a felony or any other crime involving moral turpitude; (c) Executive
knowingly or intentionally causing the Company’s financial statements to fail to materially comply with generally accepted accounting principles Executive’s unlawful use (including being under the influence) or possession of any illegal
drug or narcotic while on Company premises or while performing Executive’s duties and responsibilities hereunder; (d) Executive’s willful refusal to comply with the lawful requests made of Executive by the Board, which (if reasonably
susceptible of cure), is not fully cured within five (5) days after Executive receives written notice 

  
 3 

 
from the Board detailing Executive’s willful refusal; (e) gross negligence of Executive in the performance of his job duties, which (if reasonably susceptible of cure), is not fully
cured within 30 days after Executive receives written notice from the Board detailing Executive’s gross negligence; (f) a material violation by Executive of one or more Company policies, which (if reasonably susceptible of cure), is not
fully cured within 30 days after Executive receives written notice from the Board detailing Executive’s violation(s) of Company policy; and/or (g) a material breach by Executive of this Agreement or any other agreement with the Company,
which (if reasonably susceptible of cure), is not fully cured within 30 days after Executive receives written notice from the Board detailing Executive’s breach of this Agreement and/or any other agreement with the Company. 

(2) In the event that the Board terminates Executive’s employment for Cause, the Company shall not be obligated to make any further
payments to Executive hereunder, except for the Accrued Obligations. 
 d. Termination Without Cause. 

(1) By Executive. Except as set forth in this Agreement, Executive may voluntarily resign from his employment with the Company at
any time, and for any reason or no reason, with or without cause, after giving thirty (30) days’ prior written notice to the Company. In the event of a voluntary resignation, the Company may elect at its sole discretion to make the
resignation of employment effective at any time prior to the expiration of the 30-day notice period and, upon the effective date of such resignation, the Company shall not be obligated to make any further payments to Executive hereunder, except for
the Accrued Obligations. 
 (2) By Company. Notwithstanding any other provision in this Agreement, the Board (at its sole
discretion) shall have the right to terminate Executive’s employment at any time, for any reason or no reason, immediately upon written notice to Executive. If the Board terminates Executive’s employment pursuant to this
Section 5(d)(2) without Cause, the Company shall pay to Executive the Accrued Obligations. In addition, if the Company terminates Executive’s employment without Cause, subject to Executive signing (and not revoking) a complete and general
release of any and all claims in favor of the Company and its affiliates in a form and substance satisfactory to the Company (the “Release”) within twenty-one (21) days (or such longer period as may be required by applicable
law to obtain a complete and general release of claims) (the “Release Execution Deadline”) after the Company provides the form of Release to you, upon a termination of Executive’s employment by the Company without Cause,
Executive shall continue to receive his Base Salary through the end of the applicable Severance Period (as defined below) (the “Severance Payments”) in accordance with the Company’s standard payroll policies then in effect.
Such Release shall be in substantially the same form as attached as Exhibit A hereto, which shall be subject to necessary changes to comply with changes in applicable law to obtain a valid and complete general release of claims. Executive’s
right to receive and retain any of the Severance Payments is contingent upon Executive’s compliance with his continuing obligations to the Company under the terms of this Agreement and the Release. For purposes of this Agreement, the term
“Severance Period” shall mean either (i) a period of 

  
 4 

 
twelve (12) months following the effective date of the Release if Executive is terminated without Cause after the one year anniversary of the Effective Date and not subject to
Section 5(d)(2)(ii)(A) below, or (ii) a period of twelve (12) months following the effective date of the Release if Executive is terminated without Cause either (A) at any time within six (6) months after a Change in Control
(as defined below) or (B) at any time on or before the one-year anniversary of the Effective Date. 
 e. Termination for Good
Reason. Executive may terminate employment for Good Reason (as defined below) and upon execution and delivery by Executive of the Release within the Release Execution Deadline, so long as Executive complies with Executive’s obligations
under this Agreement and the Release, Executive will be entitled to receive Severance Payments through the applicable Severance Period. For purposes of this Agreement, resigning with “Good Reason” means Executive’s resignation
from employment after the occurrence of any of the following (without Executive’s prior written consent): (i) a material diminution in Executive’s authority, duties or responsibilities, (ii) a material reduction in the aggregate
compensation provided to Executive unless such reduction is concurrently made to all of the Company’s senior management, or (iii) a material breach of any other material term of this Agreement; provided, however, that any such condition
shall not constitute “Good Reason” unless Executive provides written notice to the Company of the condition claimed to constitute Good Reason within thirty (30) days of the initial existence of such condition and, thereafter, the
Board fails to cure such “Good Reason” within thirty (30) days following its receipt of such written notice from Executive, and within ten (10) days thereafter, Executive terminates his employment for “Good Reason.” For
purposes of this Section (5)(e), the term “Severance Period” shall mean either (x) a period of twelve (12) months following the effective date of the Release if Executive terminates employment for Good Reason after the one year anniversary
of the Effective Date and not subject to Section 5(e)(y)(A) below, or (y) a period of twelve (12) months following the effective date of the Release if terminates employment for Good Reason either (A) at any time within six (6) months after a Change
in Control (as defined below) or (B) at any time on or before the one-year anniversary of the Effective Date. 
 f. Change in
Control. A “Change of Control” of the Company will be deemed to have occurred upon any of the following: 
 (1) any
individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization, governmental entity or other entity (each, a “Person”) or any group of Persons acting together
which would constitute a “group” for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or any successor provisions thereto (excluding a corporation or other entity owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their ownership of stock of the Company) is or becomes a Beneficial Owner of securities of the Company representing more than fifty percent (50%) of the combined voting power
of the Company then outstanding voting securities (excluding any Person or any group of Persons who, on the date of the consummation of the initial public offering of common stock, is the Beneficial Owner, directly or indirectly, of securities of
the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding voting securities); or 

(2) the following individuals cease for any reason to constitute a majority of the number of directors of the Company then serving: individuals
who, on the Effective Date, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation,
relating to an election of directors of the Company) whose appointment or election by the 

  
 5 

 
Board or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were
directors on the date of the consummation of the initial public offering of common stock or whose appointment, election or nomination for election was previously so approved or recommended by the directors referred to in this clause (b); or 

(3) the following individuals cease for any reason to constitute a majority of the number of directors of the Company then serving: individuals
who, on the date of the consummation of the initial public offering of common stock, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest,
including but not limited to a consent solicitation, relating to an election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or recommended by a vote
of at least two-thirds (2/3) of the directors then still in office who either were directors on the date of the consummation of the initial public offering of common stock or whose appointment, election or nomination for election was previously
so approved or recommended by the directors referred to in this clause (b); or 
 (4) there is consummated a merger or consolidation of the
Company with any other corporation or other entity, and, immediately after the consummation of such merger or consolidation, either (x) the Board immediately prior to the merger or consolidation does not constitute at least a majority of the
board of directors of the company surviving the merger or, if the surviving company is a subsidiary, the ultimate parent thereof, or (y) all of the Persons who were the respective Beneficial Owners of the voting securities of the Company
immediately prior to such merger or consolidation do not Beneficially Own, directly or indirectly, more than fifty percent (50%) of the combined voting power of the then outstanding voting securities of the Person resulting from such merger or
consolidation; or 
 (5) the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is
consummated an agreement or series of related agreements for the sale or other disposition, directly or indirectly, by the Company of all or substantially all of the Company’s assets, other than such sale or other disposition by the Company of
all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of the combined voting power of the voting securities of which are owned by shareholders of the Company in substantially the same proportions as
their ownership of the Company immediately prior to such sale. 
 A “Beneficial Owner” of a security is a
Person who directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares: (i) voting power, which includes the power to vote, or to direct the voting of, such security and/or
(ii) investment power, which includes the power to dispose of, or to direct the disposition of, such security. 

Notwithstanding the foregoing, except with respect to clause (b) and clause (c) above, a “Change of
Control” shall not be deemed to have occurred by virtue of the 

  
 6 

 
consummation of any transaction or series of integrated transactions immediately following which the record holders of the shares of the Company immediately prior to such transaction or series of
transactions continue to have substantially the same proportionate ownership in an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions. For the avoidance of doubt,
the consummation of an initial public offering of common stock of the Company and related transactions shall not be deemed to be a Change of Control. 

6. NONSOLICITATION/NONDISPARAGEMENT. During the Period of Employment and for a period thereafter of three (3) years, the Participant shall
not, directly or indirectly: 
 a. solicit, induce or encourage any employee of the Company or any of its affiliates or subsidiaries to
terminate their employment with the Company or any of its affiliates or subsidiaries; 
 b. make any defamatory public statement concerning
the financial performance, products, services, the Board or management personnel of the Company or any of its affiliates or subsidiaries, or Executive’s employment. Nothing in this Section 6(b) shall prohibit Executive from providing
truthful testimony in any legal, administrative or regulatory proceeding and Executive may at all times respond truthfully to a lawfully-issued subpoena, court order or governmental inquiry or as otherwise may be required by law, provided, however,
that upon receiving such lawfully-issued subpoena or court order, Executive shall promptly provide, if allowed by applicable law or regulation, reasonable written notice to Company and cooperate with the Company to the extent reasonably necessary to
protect the confidentiality of any proprietary or trade secret information of the Company or any of its affiliates or subsidiaries, and the privacy rights of any employee or director; or 

c. use or disclose the Company’s confidential or proprietary information to induce, attempt to induce or knowingly encourage any Customer
of the Company or any of its affiliates or subsidiaries to divert any business or income from the Company or any of its affiliates or subsidiaries, or to stop or alter the manner in which they are then doing business with the Company or any of its
affiliates or subsidiaries. The term “Customer” shall mean any individual or business firm that is, or within the prior eighteen (18) months was, a customer or client of the Company, whether or not such business was actively
solicited by Executive on behalf of the Company or any of its affiliates or subsidiaries during Executive’s employment. 
 7.
NONCOMPETITION. In further consideration of the compensation to be paid to Executive hereunder, Executive acknowledges that during the course of his employment with the Company he has and shall become familiar with the Company’s and
its subsidiaries’ trade secrets and with other Confidential Information (as defined below) concerning the Company and its subsidiaries and that his services have been and shall be of special, unique and extraordinary value to the Company and
its subsidiaries, and, therefore, Executive agrees that, during the Period of Employment and for a period thereafter of one (1) year, he shall not directly or indirectly, for himself or another person, firm, corporation, association or other
entity, as an owner, partner, participant of a joint venture, trustee, proprietor, stockholder, member, manager, director, officer, employee, independent contractor, capital investor, lender, consultant, advisor or otherwise, or by lending or
allowing his name or reputation to be used in connection with, or otherwise participating in or allowing his skill, knowledge or experience to be used in connection with, or operate, develop or own any interest in (other than the ownership of less
than five 

  
 7 

 
percent (5%) of the equity securities of a publicly-traded company), or be employed by or consult with, any business or entity that competes with the business of the Company (the
“Covered Business”), without prior approval of the Company. For purposes of this Agreement, a Covered Business shall include, but not be limited to, the design, manufacture, or marketing of any type of boat or watercraft, or components
thereof, regardless of physical location of such business activity. 
 8. INVENTIONS ASSIGNMENT AND CONFIDENTIAL INFORMATION. 

a. Inventions. The Company shall own all right, title, and interest to all ideas, concepts, know-how, techniques, processes,
methods, inventions, discoveries, developments, innovations, and improvements developed or created by Executive, either solely or jointly with others, during the term of Executive’s employment that: (i) are reasonably related to the
Company’s business; (ii) involve the Company’s actual or demonstrably anticipated research or development; (iii) result from any work performed by Executive for the Company; or (iv) incorporate any of the Confidential
Information (as defined below) (collectively, “Inventions”). Executive shall immediately and confidentially communicate a description of any Inventions to the Company and to no other party at any time, and if the Company so desires,
Executive shall execute all documents and instruments and do all things as may be requested by the Company in order to forever vest all right, title and interest in such Inventions solely in the Company and to obtain such letters of patent,
copyrights, registrations or other protections as the Company may, from time to time, desire. In addition, Executive hereby assigns to the Company all right, title and interest of Executive in and to any present Inventions made, devised, created,
invented or discovered, in whole or in part, by Executive. 
 b. Confidential Information. During the term of this Agreement
and at all times thereafter, Executive shall hold inviolate and keep secret all non-public documents, materials, knowledge or other confidential business or technical information of any nature whatsoever that the Company has maintained as
confidential and that has been disclosed to or developed by him or to which he had access as a result of his employment with the Company (hereinafter referred to as “Confidential Information”). Such Confidential Information shall
include non-public technical and business information, including, but not limited to, inventions, research and development, engineering, products, designs, manufacture, methods, systems, improvements, trade secrets, formulas, processes, marketing,
merchandising, selling, licensing, servicing, pricing, investors, personnel information (including skills, compensation, experience and performance), customer lists and preferences, records, financial information, manuals and/or business plans and
strategies. Executive agrees that all Confidential Information shall remain the sole and absolute property of the Company, unless such information is or becomes publicly available or disclosed by lawful means. During the term of this Agreement,
Executive shall not use, disclose, disseminate, publish, reproduce or otherwise make available such Confidential Information to any person, firm, corporation or other entity, except for the purpose of performing services on behalf of the Company.
Upon the termination of Executive’s employment with the Company for any reason, Executive shall (i) not use, disclose, disseminate, publish, reproduce or otherwise make available such Confidential Information to any person, firm,
corporation or other entity, unless such information is or becomes publicly available or disclosed by lawful means; (ii) return to the Company all property that belongs to or is owned by the Company (including any computer, cell phone, personal
digital assistant, keys, security cards, etc.); and (iii) return to the Company all documents, records, compositions, articles, 

  
 8 

 
devices, equipment, electronic storage devices and other items that disclose or embody Confidential Information, including all copies or specimens thereof (including electronic copies), whether
prepared by him or by others, unless such information is or becomes publicly available or disclosed by lawful means. 
 9. ADDITIONAL
ACKNOWLEDGMENTS. Executive acknowledges that the provisions of Sections 6, 7, 8 and this Section 9 are in consideration of Executive’s employment with the Company and other good and valuable consideration as set forth in this
Agreement. In addition, Executive agrees and acknowledges that the restrictions contained in Sections 6, 7 and 8 and this Section 9 do not preclude Executive from earning a livelihood, nor do they unreasonably impose limitations on
Executive’s ability to earn a living. In addition, Executive acknowledges (x) that the business of the Company and its subsidiaries will be conducted throughout the United States and its territories and beyond, (y) notwithstanding the
state of organization or principal office of the Company or any of its subsidiaries or facilities, or any of their respective executives or employees (including Executive), it is expected that the Company and its subsidiaries will have business
activities and have valuable business relationships within its industry throughout the United States and its territories and beyond, and (z) as part of Executive’s responsibilities, Executive will be traveling throughout the United States
and other jurisdictions where the Company and its subsidiaries conduct business during the Period of Employment in furtherance of the Company’s business relationships. Executive agrees and acknowledges that the potential harm to the Company and
its subsidiaries of the non-enforcement of any provision of Sections 6, 7, 8 and this Section 9 outweighs any potential harm to Executive of its enforcement by injunction or otherwise. Executive acknowledges that he has carefully read this
Agreement and either consulted with legal counsel of Executive’s choosing regarding its contents or knowingly and voluntarily waived the opportunity to do so, has given careful consideration to the restraints imposed upon Executive by this
Agreement and is in full accord as to their necessity for the reasonable and proper protection of confidential and proprietary information of the Company and its subsidiaries now existing or to be developed in the future. Executive expressly
acknowledges and agrees that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, duration and geographical area. 

10. SPECIFIC PERFORMANCE. In the event of the breach or a threatened breach by Executive of any of the provisions of Section 6, 7, 8 or 9,
the Company and its subsidiaries would suffer irreparable harm and Executive acknowledges that money damages would not be a sufficient remedy and, in addition and supplementary to other rights and remedies existing in its favor whether under this
Agreement or under any other agreement, the Company shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violations of the provisions hereof
(without posting a bond or other security). In addition, in the event of an alleged breach or violation by Executive of Section 6 or 7, the noncompete Period or the nonsolicit Period, as applicable, shall be tolled until such breach or
violation has been duly cured. 
 11. LITIGATION/AUDIT COOPERATION. Executive agrees that following the termination of his employment for any
reason, for a period of twelve (12) months he shall reasonably cooperate at mutually convenient times and locations in connection with (a) the defense of, or prosecution by, the Company or any of its affiliates with respect to any
threatened or pending litigation or in any investigation or proceeding by any governmental agency or body that relates to any events or actions which occurred during the term of Executive’s employment with, or service to, the Company; and
(b) any audit of the financial statements of the Company with respect to the period of time when Executive was employed by the Company as Chief Financial Officer. The Company shall reimburse Executive for reasonable expenses incurred by
Executive 

  
 9 

 
in connection with such cooperation. Executive shall be compensated for his time at a mutually agreed upon rate for any services other than the provision of information to the Company or its
counsel and/or testifying as a witness, which he shall undertake without any compensation up to a maximum obligation of 120 hours. 
 12. WAIVER OF
BREACH. The waiver of any breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach. Each and every right, remedy and power hereby granted to any party or allowed it by law shall be
cumulative and not exclusive of any other. 
 13. SEVERABILITY. If any of the provisions of this Agreement or the application thereof to any
party under any circumstances is adjudicated to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision of this Agreement or the application thereof. 

14. ENTIRE AGREEMENT. This Agreement, along with any related documents referenced herein, constitutes the entire agreement between the parties
with respect to the subject matter hereof and supersedes and completely and irrevocably terminates any and all other previous or contemporaneous communications, representations, understandings, agreements, negotiations and discussions, either oral
or written, between the parties with respect to the subject matter hereof. The parties acknowledge and agree that there are no written or oral agreements, understandings, or representations, directly or indirectly related to this Agreement or the
employment, compensation or benefits of Executive that are not set forth herein. By executing this Agreement, Executive represents and warrants to the Company that Executive is not subject to any agreement with any current or former employer or
consultancy relationship that would prohibit Executive’s acceptance of and performance of his duties and responsibilities under the terms of this Agreement or as contemplated in the future during Executive’s employment with the Company.
Executive agrees that he shall not share any confidential or proprietary information of any prior employer or consultancy or individual with the Company or the Company’s employees. 

15. AMENDMENT OF AGREEMENT. This Agreement may be altered or amended in any of its provisions only by a written agreement signed by each of the
parties hereto. 
 16. SUCCESSORS. The Agreement shall inure to the benefit of and be binding on the Company and its successors and assigns,
as well as Executive and his estate. Executive may not assign or delegate, in whole or in part, his duties or obligations under this Agreement. This Agreement may be transferred and assigned by the Company to any successor of the Company by
acquisition, merger, reorganization, amalgamation, asset sale or otherwise. Upon any assignment of this Agreement by the Company, all obligations of the Company shall terminate, Executive shall become employed by the assignee in accordance with the
terms of this Agreement and the term “Company” as used in this Agreement shall include only such assignee. 
 17. RIGHTS CUMULATIVE.
The Company’s rights under this Agreement are cumulative, and the exercise of one right will not be deemed to preclude the exercise of any other rights. 

18. COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose. 

  
 10 

 19. CONSTRUCTION. Each party has cooperated in the drafting and preparation of this Agreement, and
therefore, the Agreement shall not be construed against either party on the basis that any particular party was the drafter. 
 20. VOLUNTARY
COUNSEL. Executive agrees and acknowledges that he has read and understood this Agreement prior to signing it, has entered into this Agreement freely and voluntarily and has been advised to seek legal counsel prior to entering into this
Agreement and has had ample opportunity to do so. 
 21. GOVERNING LAW. This Agreement shall be construed in accordance with, and governed in
all respects by, the internal laws of the State of Tennessee (without giving effect to principles of conflicts of laws). 
 22. SECTION 409A. 

 a. The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code Section 409A and
the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever
shall Acadia or any of the Subsidiaries be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A. 

b. 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,” “termination of the Employment Period” or like terms shall mean “separation from service.” 

c. All expenses or other reimbursements under this Agreement shall be made on or prior to the last day of the taxable year following the
taxable year in which such expenses were incurred by Executive (provided that if any such reimbursements constitute taxable income to Executive, such reimbursements shall be paid no later than March 15th of the calendar year following the
calendar year in which the expenses to be reimbursed were incurred), and no such reimbursement or expenses eligible for reimbursement in any taxable year shall in any way affect the expenses eligible for reimbursement in any other taxable year. 

d. For purposes of Code Section 409A, Executive’s right to receive any installment payment pursuant to this Agreement shall be
treated as a right to receive a series of separate and distinct payments. 
 e. Whenever a payment under this Agreement specifies a payment
period with reference to a number of days (e.g., “payment shall be made within fifteen (15) days following the Termination Date”), the actual date of payment within the specified period shall be within the sole discretion of the
Company. 

  
 11 

 23. ARBITRATION. 

a. In exchange for the benefits of the speedy, economical and impartial dispute resolution procedure of arbitration, the Company and Executive,
with the advice and consent of their selected counsel, choose to forego their right to resolution of their disputes in a court of law by a judge or jury, and instead elect to treat their disputes, if any, pursuant to the Federal Arbitration Act.

 b. Executive and the Company agree that any and all claims or controversies whatsoever brought by Executive or the Company, arising out of
or relating to this Agreement, Executive’s employment with Company, or otherwise arising between Executive and Company, will be settled by final and binding arbitration in Knoxville, Tennessee or such other location as may be mutually agreed by
parties in accordance with the Employment Arbitration Rules and Procedures of Judicial Arbitration and Mediation Services, Inc. (“JAMS”) then in effect. This includes all claims whether arising in tort or contract and whether
arising under statute or common law. Such claims may include, but are not limited to, those relating to this Agreement, wrongful termination, retaliation, harassment, or any statutory claims under Title VII of the Civil Rights Act of 1964, the Civil
Rights Act of 1991, the Age Discrimination in Employment Act, the Americans with Disabilities Act, or similar Federal or state statutes. In addition, any claims arising out of the public policy of Tennessee, any claims of wrongful termination,
employment discrimination, retaliation, or harassment of any kind, as well as any claim related to the termination or non-renewal of this Agreement shall be arbitrated under the terms of this Agreement. The obligation to arbitrate such claims will
survive the termination of this Agreement. To the extent permitted by law, the hearing and all filings and other proceedings shall be treated in a private and confidential manner by the arbitrator and all parties and representatives, and shall not
be disclosed except as necessary for any related judicial proceedings. 
 c. The arbitration will be conducted before an arbitrator to be
mutually agreed upon by the parties from JAMS’ panel of arbitrators. In the event that the parties are unable to mutually agree upon the arbitrator, JAMS shall provide a slate of five arbitrators with experience in employment law and each party
shall have the opportunity to strike two names and rank the remaining arbitrators in order of preference. JAMS shall then select the highest ranked arbitrator to preside over the arbitration. If JAMS is unable to provide an arbitrator who has
experience in employment law, the parties may jointly or separately petition the court for appointment of an arbitrator with such experience. The arbitrator will have jurisdiction to determine the arbitrability of any claim. The arbitrator shall
have the authority to grant all monetary or equitable relief (including, without limitation, injunctive relief, ancillary costs and fees, and punitive damages) available under state and Federal law. Judgment on any award rendered by the arbitrator
may be entered and enforced by any court having jurisdiction thereof. In addition to any other relief awarded, the prevailing party in any arbitration or court action covered by this Agreement, as determined by the arbitrator or court in a final
judgment or decree, shall be entitled to recover costs, expenses, and reasonable attorneys’ fees to the extent permitted by law. 

  
 12 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first
above written. 
  

			
	MALIBU BOATS, INC.
		
	By:	 	  

		
	Title:	 	  

	
	EXECUTIVE
	
	  

  
 13 

 EXHIBIT A 

SETTLEMENT AND GENERAL RELEASE AGREEMENT 

THIS SETTLEMENT AND GENERAL RELEASE AGREEMENT (this “Agreement”) is entered into effective as of the
             day of             , 20    , by and between
                     (“Executive”) and Malibu Boats, Inc. (the “Company”) (hereinafter sometimes collectively
referred to as the “Parties”). In consideration of the mutual promises and covenants contained in this Agreement, Executive and the Company contract and agree as follows: 

1. BENEFITS. 
 a.
General. The Company promises that I will receive the benefits set forth in the employment agreement entered into with the Company effective as of             ,
20     (the “Employment Agreement”), if any, after I execute and return this Agreement to the Company’s attorneys identified in Section 5. I acknowledge that the Company is not otherwise required to
provide me such benefits until such conditions have been met. 
 b. Sufficiency of Consideration. I acknowledge and agree that
the benefits to be provided under the terms of the Agreement are sufficient consideration for Executive’s promises set out herein and are made in confidence and in settlement of any disputed claims for which the Company has asserted factual and
affirmative defenses and denies same in the entirety. 
 c. Payment. If the requirements of the Employment Agreement and this
Agreement are met, in accordance with their terms, the Company will provide payment in an amount equal to $            , minus any applicable taxes and withholding, payable in a lump sum as
soon as administratively feasible following the end of the Revocation Period (as described in Paragraph 14). 
 d. Taxes. I
acknowledge that I have had the opportunity to receive, and to the extent desired, have received independent professional advice from my own tax advisor with respect to the tax consequences of entering into this Agreement. I acknowledge and agree
that the Company has made no representations regarding the tax consequences of any amounts paid pursuant to this Agreement. I agree that I will be solely and ultimately responsible for paying any federal, state or other taxes that I may owe as a
result of payments made pursuant to this Agreement. In addition, I agree to hold the Company harmless from, and to indemnify the Company for, any claims, demands, taxes, deficiencies, fines, penalties, levies, assessments, executions, judgments,
interest, costs, or any recoveries by any governmental agency against the Company for any amounts claimed due on account of this Agreement as a result of improper allocations or my failure to report and/or pay taxes as legally required. 

2. COMPLETE RELEASE. 
 a.
General. In exchange for the Company’s promises contained in this Agreement, I, on behalf of myself and all my heirs, successors, and assigns, agree to irrevocably and unconditionally release any and all Claims I may now have
against the Company and other parties as set forth in this Section 2. 

  

					
		  	1 of 4	  	 INITIALS: __________

__________

 b. Released Parties. The “Released Parties” are the Company, all
related companies, partnerships, subsidiaries, predecessors, and assigns, their parents and subsidiaries, or joint ventures, and, with respect to each of them, their predecessors and successors; and, with respect to each such entity, all of its past
and present employees, officers, directors, stockholders, owners, representatives, assigns, attorneys, agents, insurers, employee benefit programs (and the trustees, administrators, fiduciaries, and insurers of such programs), and any other persons
acting by, through, under or in concert with any of the persons or entities listed in this subsection. 
 c. Claims Released. I
understand and agree that I am releasing all known and unknown claims, promises, causes of action, grievances, or similar rights of any type that I may have against any Released Party, including but not limited to any related to my employment with
the Company, any other Tennessee law, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the Employee Retirement and Income Security Act of
1974, and all other federal, state, or local laws or regulations prohibiting employment discrimination or retaliation or protecting employee rights as well as claims for other tortious or unlawful conduct (the “Claims”). I am not,
however, releasing any claim that relates to: (i) my right to enforce this Agreement; (ii) my right, if any, to claim government-provided unemployment benefits; or (iii) any rights or claims which may arise or accrue after I sign this
Agreement. 
 d. Knowing and Voluntary. I represent and agree that I have thoroughly considered all aspects of this Agreement,
that I have had the opportunity to discuss this matter with my attorney, that I have read carefully and understand fully all of the provisions of this Agreement and that I am entering into this Agreement voluntarily. I further understand that the
Company is relying on this and all other representations that I have made herein. 
 3. PROMISES. 

a. Pursuit of Released Claims. Except as specifically identified above, I have not filed or caused to be filed any lawsuit,
complaint, or charge with respect to any Claim this Agreement purports to waive, and I promise never to file or prosecute a lawsuit or complaint based on such Claims. I promise never to seek any damages, remedies, or other relief for myself
personally (any right to which I hereby waive) by filing or prosecuting a charge with any administrative agency with respect to any such Claim, by instituting litigation or arbitration in connection with my former employment. I promise to request
any government agency or other body assuming jurisdiction of any such lawsuit, complaint, or charge to withdraw from the matter or dismiss the matter with prejudice. 

b. Ownership of Claims. I have not assigned or transferred any Claim I am releasing, nor have I purported to do so. 

c. Nonadmission of Liability. I agree that this Agreement is not an admission of guilt or wrongdoing by any Released Party and I
acknowledge that the Released Parties deny that they have engaged in wrongdoing of any kind or nature. 
 d. No Further Employment or
Benefits. I agree that my employment with the Company has ended, and that I forever waive and relinquish any and all claims, rights, or interests in reinstatement or future employment that I might have in the future with the Company or its
successors, predecessors, parents, subsidiaries, and related or affiliated entities. 

  

					
		  	2 of 4	  	 INITIALS: __________

__________

 e. Confidentiality. I agree that I have not and will not disclose the underlying
facts that led up to this Agreement or the terms, amount, or existence of this Agreement to anyone other than a member of my immediate family, attorney, or other professional advisor and, even as to such a person, only if the person agrees to honor
this confidentiality requirement. Such a person’s violation of this confidentiality requirement will be treated as a violation of this Agreement by me. This subsection does not prohibit my disclosure of the terms, amount, or existence of this
Agreement to the extent necessary legally to enforce this Agreement, nor does it prohibit disclosures to the extent otherwise legally required. I acknowledge that the Company would be irreparably harmed if this subsection were violated. I agree that
if asked about the status of my claims against the Company, I will agree to reply, if at all, by saying only that all such claims have been resolved and the underlying action dismissed. 

f. Company Property and Confidential Information. I agrees that I have returned or will return, within seven (7) days from
the date of this Agreement, to the Company any and all Company property, confidential information, and originals and/or copies of documents relating to the business of the Company. I further agree that I will not directly or indirectly discuss or
disclose to anyone, or use for my own benefit or the benefit of anyone other than the Company, any confidential information that I have received through my employment with the Company. Confidential information shall include, but not be limited to,
the Company’s business plans and files, financial information, my wage and benefits information, operations data, handbooks, manuals, notebooks, supplies, credit cards, keys, computer hardware, computer software, disks, tapes, and any other
storage media, pagers, cameras, PDAs, cameras, reports, records, statistical information, and any other information acquired during my employment with the Company. I further agree that, in the event it appears that I will be compelled by law or
judicial process to disclose any such confidential information and to avoid potential liability, I will notify the Company in writing immediately upon my receipt of a subpoena or other legal process. 

g. No Disparagement or Harm. I agree not to criticize, denigrate, or disparage any Released Party. I agree that I will not
provide or issue public statements or take any action that would cause the Company embarrassment or otherwise cause or contribute to the Company being held in disrepute based upon the allegations of wrongdoing related to any Claim. 

4. CONSEQUENCES OF VIOLATING PROMISES. 

The parties agree to pay the reasonable attorneys’ fees and any damages that either party may incur as a result of the other party
breaching a promise it made in this Agreement. I further agree that the Company would be irreparably harmed by any actual or threatened violation of any of the provisions of Section 3 of this Agreement, and that the Company will be entitled to
an injunction prohibiting me from committing any such violation. I agree to repay all sums paid to me as described herein as a result of any breach by me of promises made in this Agreement. 

5. REVIEW AND REVOCATION. 
 I
acknowledge and understand that I have twenty-one (21) days to review and consider this Agreement before signing it. No discussions about, or changes to, this Agreement will restart the running of said twenty-one (21) day period. I
understand that I may use as much of this twenty-one (21) day period as I wish prior to signing and that I may revoke this Agreement within seven (7) days of signing it. Revocation can be made by delivering a written notice of revocation
to                     , Waller Lansden Dortch & Davis, LLP, 511 Union Street, 

  

					
		  	3 of 4	  	 INITIALS: __________

__________

 
Suite 2700, Nashville, Tennessee 37219. For this revocation to be effective, written notice must be received no later than the close of business on the seventh day after I sign this Agreement. If
I revoke this Agreement, it shall not be effective or enforceable and I will not receive the benefits described herein nor shall I or the Company be bound by any representations, releases or agreements made herein. 

6. MISCELLANEOUS. 
 a. Entire
Agreement. This, in conjunction with the Employment Agreement, is the entire agreement between the Company and me, and such agreement supersedes and renders void any prior agreements I may have with the Company pertaining to the subject
matter hereof. This Agreement may not be modified or canceled in any manner except by a writing signed by both an authorized Company official and me. I acknowledge that the Company has made no representations or promises to me, other than those in
the Employment Agreement and this Agreement. If any provision in this Agreement is found to be unenforceable, all other provisions will remain fully enforceable. I agree to sign any documents and take other action that is necessary in the future to
implement this Agreement. 
 b. Successors. This Agreement binds my heirs, administrators, representatives, executors,
successors, and assigns, and will inure to the benefit of all Released Parties and their respective heirs, administrators, representatives, executors, successors, and assigns. 

c. Interpretation. This Agreement shall be construed as a whole according to its fair meaning. It shall not be construed strictly
for or against any Released Party or me. Unless the context indicates otherwise, the singular or plural number shall be deemed to include the other. Captions are intended solely for convenience of reference and shall not be used in the
interpretation of this Agreement. This Agreement shall be governed by the laws of the State of Tennessee. 
 d. Counterparts.
This Agreement and any amendments hereto may be executed in multiple counterparts by the parties. Each counterpart shall be deemed an original, but all counterparts together shall constitute one and the same instrument. 

PLEASE READ THIS AGREEMENT AND CAREFULLY CONSIDER ALL OF ITS PROVISIONS BEFORE SIGNING: THIS SETTLEMENT AND GENERAL RELEASE INCLUDES A RELEASE OF KNOWN AND
UNKNOWN CLAIMS. 
 Executed this              day of
            , 20    . 
  

	
	   

	Executive

  

					
		  	4 of 4	  	 INITIALS: __________

__________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]