Document:

Employment Agreement with Richard A. Zimmerman

 Exhibit 10.2 

Employment Agreement 

This EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of June 23, 2010, to be effective as of June 23, 2010 (the
“Effective Date”), by and among CEDAR FAIR, L.P., a publicly traded Delaware limited partnership, CEDAR FAIR MANAGEMENT, INC., an Ohio corporation (“Cedar Fair Management”), MAGNUM MANAGEMENT CORPORATION, an
Ohio corporation (“Magnum”), and RICHARD ZIMMERMAN, Regional Vice President (East) an individual (“Executive”). 

1. Recitals. 
 (a)
Cedar Fair, L.P. is affiliated with several corporations and partnerships including, without limitation, Cedar Fair Management and Magnum (hereinafter collectively referred to as “Cedar Fair” or the “Company”). 

(B) In consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, Executive and Cedar Fair have entered into this Agreement. 
 2. Term of Employment. 

Except as otherwise provided in this Agreement, the term of this Agreement shall be for a period commencing on the Effective Date and
ending on November 30, 2011. This Agreement shall renew automatically for a period of two (2) years commencing December 1, 2011, and on every two- (2) year anniversary of December 1, 2011, thereafter unless one of the
parties provides written notice of intent to terminate not less than sixty (60) days prior to December 1, 2011 or any such two- (2) year anniversary thereafter; provided, however, that Cedar Fair shall have the right to terminate this
Agreement at any time, subject to the obligations to provide the benefits and make the payments provided herein. The term of Executive’s employment, as it may be extended pursuant to this Section 2, is hereinafter referred to as the
“Employment Term.” Upon Executive’s termination of employment, Executive will resign all officer positions with Cedar Fair and all affiliates of Cedar Fair. 

 3. Nature of Duties. 

Executive agrees to devote his entire business time to the affairs of Cedar Fair so as to achieve the goals and objectives set by the
Chief Executive Officer and/or the Board, and to use his best efforts to promote the interests of Cedar Fair. Executive further agrees to perform faithfully and efficiently the responsibilities that may be assigned to him from time to time.
Executive further understands that he is governed by a duty of loyalty and fidelity to Cedar Fair by virtue of his position. 
 4.
Compensation. 
 (a) Base Salary. As compensation for Executive’s services, Cedar Fair shall pay to
Executive during the Employment Term an annual salary in accordance with Cedar Fair’s normal payroll practices (but no less frequently than monthly) (“Base Salary”). Executive’s Base Salary shall be no less than Three Hundred
Fifteen Thousand Five Hundred United States Dollars (US $315,000) per year and may be adjusted each year in an amount determined by the Board. 

(b) Incentive Compensation. During the Employment Term, Executive will be eligible to participate in one or more of Cedar
Fair’s incentive compensation plans and equity incentive plans at a level appropriate to Executive’s position, as solely determined by the Board. 

5. Benefits. 
 (a)
Cedar Fair agrees that Executive shall be eligible to participate in such vacation, medical, dental, life insurance, 401(k) plan, and other benefit plans and programs that Cedar Fair may have or establish from time to time and in which he would be
entitled to participate pursuant to the terms of the applicable plan. 
 (b) In compliance with Section 409A,
notwithstanding any other provision of such plans and programs: 
 (i) The amount of expenses eligible for reimbursement and the
provision of in-kind benefits during any calendar year shall not affect the amount of expenses eligible for reimbursement or the provision of in-kind benefits in any other calendar year; 

 (ii) The reimbursement of an eligible expense shall be made on or before December 31 of
the calendar year following the calendar year in which the expense was incurred; and 
 (iii) The right to reimbursement or right
to in-kind benefit shall not be subject to liquidation or exchange for another benefit. 
 6. Business Expenses and Perquisites. 

 (a) During the Employment Term, reasonable travel, entertainment, and other business expenses incurred by Executive in the
performance of his duties hereunder shall be reimbursed by Cedar Fair in accordance with Cedar Fair’s policies as in effect from time to time. 

(b) In compliance with Section 409A, notwithstanding the terms of any policy to the contrary: 

(i) The amount of expenses eligible for reimbursement during any calendar year shall not affect the amount of expenses eligible for
reimbursement in any other calendar year; 
 (ii) The reimbursement of an eligible expense shall be made on or before
December 31 of the calendar year following the calendar year in which the expense was incurred; and 
 (iii) The right to
reimbursement shall not be subject to liquidation or exchange for another benefit. 
 7. Termination by Cedar Fair Other Than for
Cause. 
 (a) If, other than pursuant to Section 10 or Section 12 hereof, Cedar Fair shall terminate
Executive’s employment (including by written notice of intent, pursuant to Section 2 hereof, not to renew this Agreement), then, subject to Sections 7(b), 7(c), and 7(d): 

(i) Executive’s Base Salary shall be continued for either one (1) year or the remaining Employment Term, whichever period of
time is longer, payable in accordance with Cedar Fair’s then effective payroll practices; and 
 (ii) Executive shall
continue to receive medical and dental insurance coverage during such Base Salary continuation period; provided that in compliance with Section 409A: 

(A) The amount of expenses eligible for reimbursement and the provision of in-kind benefits during any calendar year

 
shall not affect the amount of expenses eligible for reimbursement or the provision of in-kind benefits in any other calendar year; 

(B) The reimbursement of an eligible expense shall be made on or before December 31 of the calendar year following the calendar year
in which the expense was incurred; and 
 (C) The right to reimbursement or right to in-kind benefit shall not be subject to
liquidation or exchange for another benefit. 
 All other benefits provided by Cedar Fair shall end as of the last day of Executive’s
active employment. 
 (b) Notwithstanding the provisions of Section 7(a), no payment or benefit shall be paid or provided
unless and until Executive has incurred a “separation from service” (as that term is defined under Section 409A) at the time his employment is terminated. 

(c) Notwithstanding the provisions of Section 7(a), in the event Executive is a “specified employee” (as that term is
defined under Section 409A) at the time his employment is terminated, no payments hereunder shall be made, or benefits conferred, prior to the first day that is six (6) months after the date of his “separation from service” (as
defined in Section 7(b)); provided that this Section 7(c) shall be effective only to the extent that such payment or provision of benefits would constitute “nonqualified deferred compensation” under Section 409A. Any
payments that are subject to the “specified employee” six- (6-) month delay under Section 409A shall be accumulated and paid, and any delayed provision of benefits and reimbursements shall commence (with retroactive effect), within
the first five (5) business days after the expiration of such six- (6-) month delay; provided that if the five- (5-) day period begins in one calendar year and ends in another, Executive shall not have the right to designate the taxable year of
payment. 
 (d) The payment of any amounts or provision of any benefits under this Section 7 are conditioned upon the
execution and non-revocation of a separation agreement and release in a form mutually acceptable to Executive and the Company. 

 8. Termination Upon Executive’s Death. 

In the event of Executive’s death, this Agreement shall terminate and Cedar Fair shall pay to Executive’s estate any
compensation and benefits earned but not yet paid as of the date of Executive’s death. Such payment shall be made within ninety (90) days following Executive’s death; provided that where the ninety- (90-) day period begins in one
calendar year and ends in another year, neither the estate nor Executive’s beneficiary(ies) shall have the right to designate the taxable year of payment. Upon Executive’s death, during the remainder of the Employment Term (not in excess
of twenty-four (24) months following Executive’s death), Cedar Fair, at its expense, shall continue the health care coverage for Executive’s spouse and eligible dependents, subject to the terms and conditions of Section 5(b)
hereof. 
 9. Termination for Disability. 

(a) Cedar Fair may terminate Executive’s employment for “Disability” if Executive is “Disabled” except as
otherwise prohibited by law. For purposes of this Agreement, Executive shall be considered Disabled only if, as a result of his incapacity due to physical or mental illness, he shall have been absent from his duties with Cedar Fair on a full-time
basis for a period of six (6) consecutive months. 
 (b) Any termination of employment pursuant to this Section 9
shall be deemed a termination by Cedar Fair other than for Cause, and Executive shall be entitled to compensation and benefits in the same amounts and subject to the same terms and conditions as provided in Section 7. Notwithstanding the
preceding sentence, monetary payments actually received by Executive from any bona fide short-term or long-term disability plan maintained by Cedar Fair shall be used to reduce any Base Salary or incentive compensation payments made by Cedar Fair
pursuant to this Section 9; provided that: 
 (i) The disability plan payments qualify as “disability pay” under
Treasury Regulation Section 31.3121(v)(2)-1(b)(4)(iv)(C); 
 (ii) Such reduction does not otherwise affect the time of
payment of such Base Salary or the provision of benefits; 
 (iii) The disability plan covers a substantial number of employees
and, was in effect before Executive became Disabled; and 

 (iv) Any subsequent amendment of such plan or any change in the benefits payable under such
plan results from actions taken by an independent third party or, if taken by Cedar Fair, that they are generally applicable to a substantial number of other employees. 

10. Termination for Cause. 

(a) Cedar Fair may terminate Executive’s employment for Cause. For the purposes of this Agreement, “Cause” shall mean
(i) Executive’s conviction of, or plea of guilty or nolo contendere to a felony; (ii) upon continued failure by Executive to substantially perform his duties with Cedar Fair which failure results in significant injury or damage,
including damage to the reputation of Cedar Fair; (iii) the failure of Executive to comply with the provisions of Sections 13 and 14 hereof; (iv) violation of Cedar Fair’s policies or procedures relating to discrimination and/or
harassment in the workplace; (v) the commission of a fraudulent act or practice by Executive affecting Cedar Fair; (vi) an act of gross negligence or gross misconduct that relates to the affairs of Cedar Fair; or (vii) an act or acts
of dishonesty or significant impropriety by Executive resulting or intended to result directly or indirectly in gain or personal enrichment (monetary or otherwise) to Executive at the expense of or detriment to Cedar Fair. 

(b) If Executive’s employment shall be terminated for Cause, Cedar Fair shall pay Executive, in a lump sum, on
the twentieth (20th) business day following the date
of termination for Cause, his Base Salary through the date of his termination. 
 (c) Cedar Fair shall have no further
obligations to Executive under this Agreement. 
 11. Termination By Resignation. 

In the event Executive resigns his employment, all benefits and compensation shall cease on the last day of Executive’s active
employment with Cedar Fair. 
 12. Change in Control. 

(a) If, at any time upon or within twenty-four (24) months after a Change in Control occurs, Executive’s employment with Cedar
Fair is involuntarily terminated, other than for Cause, or Executive incurs a “Deemed Termination” hereunder, Cedar Fair shall pay/provide to Executive, in addition to any payments that may be due under the change in

 
control provisions of other plans and programs that Cedar Fair may have or establish from time to time and in which he would be entitled to participate pursuant to the terms of the applicable
plan, the following cash payment, benefits, and tax gross-up payments: 
 (i) Two and one-half (2-1/2) times average annual
“Cash Compensation” for the previous three (3) years (or for the period of such Executive’s employment with Cedar Fair if less than three (3) years) preceding the calendar year in which the Change in Control of Cedar
Fair occurred, less one United States dollar (US $1.00). “Cash Compensation” is defined, with respect to any calendar year, as (i) the total salary payable in such calendar year, (ii) the annual cash bonuses earned by the
Executive during such calendar year, and accrued by the Company and/or the Partnership with respect to such calendar year, notwithstanding the fact that a portion of such bonuses may be paid to the Executive by March 15 of the following
calendar year in compliance with the short-term deferral rule under Section 409A, and (iii) respect to any multi-year cash bonuses, the amount actually paid in such calendar year. For the avoidance of doubt, the term Cash Compensation does
not include payments or benefits to the Executive under any employee benefit or fringe benefit plan, program, or arrangement or awards or payments under the Cedar Fair, L.P. Amended and Restated Senior Management Long-Term Incentive Compensation
Plan, the Cedar Fair, L.P. Amended and Restated 2000 Equity Incentive Plan, or the Cedar Fair, L.P. Amended and Restated Supplemental Retirement Program, as such plans, programs, or arrangements currently exist or are hereafter amended. 

(ii) For a thirty- (30-) month period after the date of such involuntary termination (other than for Cause) or Deemed Termination, the
Company shall provide life, disability, accident, and health insurance benefits substantially similar to those that were received or entitled to be received by Executive immediately before such termination; provided that, in compliance with
Section 409A: 
 (A) The amount of expenses eligible for reimbursement during any calendar year shall not affect the amount
of expenses eligible for reimbursement in any other calendar year; 
 (B) The reimbursement of an eligible expense shall be made
on or before December 31 of the calendar year following the calendar year in which the expense was incurred; and 

 (C) The right to reimbursement shall not be subject to liquidation or exchange for another
benefit. 
 Notwithstanding the foregoing, the Company shall not provide such insurance benefits upon the reemployment of Executive. 

(iii) Gross-up payments equal to all federal taxes imposed on Executive, if any, under Sections 280G and 4999 of the Internal Revenue Code
of 1986, as amended, on the payments and benefits provided under this Section 12(a) and the federal, state, and local taxes imposed upon Executive as a result of Cedar Fair’s payment of the such taxes; provided that such gross-up payments
shall be made by the end of Executive’s taxable year next following his taxable year in which he remits such taxes under Sections 280G and 4999. 

Cedar Fair shall make cash payments and begin to provide benefits under this Section 12(a) to Executive not later than sixty
(60) days following the date of such involuntary termination (other than for Cause) or Deemed Termination; provided that the terms and conditions of Sections 7(b), 7(c), and 7(d) are satisfied; and provided further, if the sixty- (60-) day
period is applicable (because the six- (6-) month delay of Section 7(c) is not applicable), Executive shall not have the right to designate the taxable year of payment if such sixty- (60-) day period spans two calendar years. Except as provided
in this Section 12, Cedar Fair shall have no further obligations to Executive under this Agreement upon a termination of employment upon or within twenty-four (24) months after a Change in Control. 

(b) For purposes of this Section 12, a “Change in Control” shall mean a change in control of Cedar Fair, L.P., if, by
analogy to the rules applicable to corporations under Section 409A, Cedar Fair, L.P., would be considered to have undergone a “change in control event” under Section 409A. 

(c) For purposes of this Section 12, a “Deemed Termination” shall mean: 

(i) Forced relocation of Executive’s place of employment by the greater of thirty-five (35) miles or the distance constituting a
“material change in the geographic location” of Executive’s place of employment within the meaning of Section 409A; 

(ii) Reduction of Executive’s Base Salary; 

(iii) Significant reduction of Executive’s responsibility; or 

 (iv) Job elimination. 

Notwithstanding the foregoing, Executive shall not have incurred a Deemed Termination unless: 

(A) Executive incurs a “separation from service” (as defined in Section 7(b)) within the twenty-four (24) month
period following the effective date of the Change in Control; and 
 (B) Executive provides notice to Cedar Fair (or its
successor) within ninety (90) days of the event that constitutes the Deemed Termination; and 
 (C) Cedar Fair (or its
successor) has at least thirty (30) days in which to remedy its action. 
 13. Disclosure of Information. 

(a) Executive acknowledges that it is the policy of Cedar Fair to maintain as secret and confidential all “Confidential
Information” (as defined herein). The parties hereto recognize that the services to be performed by Executive pursuant to this Agreement are special and unique, and that by reason of his employment by Cedar Fair after the Effective Date,
Executive will acquire, or may have acquired, Confidential Information. Executive recognizes that all such Confidential Information is and shall remain the sole property of Cedar Fair, free of any rights of Executive, and acknowledges that Cedar
Fair has a vested interest in assuring that all such Confidential Information remains secret and confidential. Therefore, in consideration of Executive’s employment with Cedar Fair pursuant to this Agreement, Executive agrees that at all times
from after the Effective Date, he will not, directly or indirectly, disclose to any person, firm, company or other entity (other than Cedar Fair) any Confidential Information, except as specifically required in the performance of his duties
hereunder, without the prior written consent of Cedar Fair, except to the extent that (i) any such Confidential Information becomes generally available to the public, other than as a result of a breach by Executive of this Section 13 or by
any other executive officer of Cedar Fair subject to confidentiality obligations, or (ii) any such Confidential Information becomes available to Executive on a non-confidential basis from a source other than Cedar Fair, or its executive
officers or advisors; provided, that such source is not known by Executive to be bound by a confidentiality agreement with, or other obligation of secrecy to, Cedar Fair or another party. In addition, it shall not be a breach of the confidentiality
obligations hereof if Executive is required by law to disclose 

 
any Confidential Information; provided, that in such case, Executive shall (a) give Cedar Fair the earliest notice possible that such disclosure is or may be required and (b) cooperate
with Cedar Fair, at Cedar Fair’s expense, in protecting to the maximum extent legally permitted, the confidential or proprietary nature of the Confidential Information which must be so disclosed. The obligations of Executive under this
Section 13 shall survive any termination of this Agreement. During the Employment Term, Executive shall exercise all due and diligent precautions to protect the integrity of the business plans, customer lists, statistical data, financial data
and compilation, agreements, contracts, manuals or other documents of Cedar Fair which embody the Confidential Information, and upon the expiration or the termination of the Employment Term, Executive agrees that all Confidential Information in his
possession, directly or indirectly, that is in writing or other tangible form (together with all duplicates thereof) will forthwith be returned to Cedar Fair and will not be retained by Executive or furnished to any person, either by sample,
facsimile film, audio or video cassette, electronic data, verbal communication or any other means of communication. Executive agrees that the provisions of this Section 13 are reasonably necessary to protect the proprietary rights of Cedar Fair
in the Confidential Information and its trade secrets, goodwill and reputation. 
 (b) For purposes hereof, the term
“Confidential Information” means all information developed or used by Cedar Fair relating to the “Business” (as herein defined), operations, employees, customers, suppliers and distributors of Cedar Fair, including, but
not limited to, customer lists, purchase orders, financial data, pricing information and price lists, business plans and market strategies and arrangements and any strategic plan, all books, records, manuals, advertising materials, catalogues,
correspondence, mailing lists, production data, sales materials and records, purchasing materials and records, personnel records, quality control records and procedures included in or relating to the Business or any of the assets of Cedar Fair and
all trademarks, copyrights and patents, and applications therefore, all trade secrets, inventions, processes, procedures, research records, market surveys and marketing know-how and other technical papers. The term “Confidential
Information” also includes any other information heretofore or hereafter acquired by Cedar Fair and deemed by it to be confidential. For purposes of this Agreement, the term “Business” shall mean (i) the business of
leisure/theme parks, amusement and/or water parks, (ii) leisure theme parks, (iii) any other business engaged in or being developed (including production of materials used in Cedar Fair’s

 
businesses) by Cedar Fair, or being considered by Cedar Fair, at the time of Executive’s termination, and (iv) any joint venture, partnership or agency arrangements relating to the
businesses described in (b)(i) through (iii) above. 
 (c) Return of Company Property. Executive agrees that
following the termination of his employment for any reason, he shall return all property of the Company, its subsidiaries, affiliates and any divisions thereof he may have managed which is then in or thereafter comes into his possession, including,
but not limited to, documents, contracts, agreements, plans, photographs, books, notes, electronically stored data and all copies of the foregoing as well as any automobile or other materials or equipment supplied by the Company to Executive.

 (d) Inventions. Any and all inventions made, developed or created by Executive (whether at the request or suggestion
of Cedar Fair or otherwise, whether alone or in conjunction with others, and whether during regular working hours or otherwise) during the period of his employment with Cedar Fair, which may be directly or indirectly useful in, or relate to, the
Business of Cedar Fair, shall be promptly and fully disclosed by Executive to the Chief Executive Officer of Cedar Fair, and shall be Cedar Fair’s exclusive property as opposed to Executive’s. Executive shall promptly deliver to the Chief
Executive Officer of Cedar Fair all papers, drawings, models, data and other material relating to any invention made, developed or created by him as aforesaid. Executive hereby assigns any and all such inventions to Cedar Fair and hereby agrees to
execute and deliver such agreements, certificates, assignments or other documents as may be necessary to effect the assignment to Cedar Fair of any and all such inventions as contemplated by this Section 13. Executive shall, upon Cedar
Fair’s request and without any payment therefor, execute any documents necessary or advisable in the opinion of Cedar Fair’s counsel to direct issuance of patents or copyrights of Cedar Fair with respect to such inventions as are to be in
Cedar Fair’s exclusive property as against Executive under this Section 13 or to vest in Cedar Fair title to such inventions as against Executive, the expense of securing any such patent or copyright, to be borne by Cedar Fair. 

 14. Noncompetition. 

(a) Executive agrees that, during the Employment Term and for a period of twelve (12) months following the termination date of his
employment with Cedar Fair for any reason (the “Noncompetition Period”), Executive will not directly or indirectly, own, manage, operate, control or participate in the ownership, management or control of, or be connected as an
officer, employee, partner, director, or otherwise with, or have any financial interest in, or aid, consult, advise or assist anyone else in the conduct of any entity or business (i) in which 10% or more of whose annual revenues are derived
from a Business as defined above, including but not limited to Six Flags Entertainment Corporation (formerly Six Flags, Inc.) or SeaWorld Parks & Entertainment (formerly Busch Entertainment Corporation) or any of their respective
affiliated companies; and (ii) which conducts business in any locality or region of the United States, Canada, Mexico, Europe or Asia (whether or not such competing entity or business is physically located in the United States, Canada, Mexico,
Europe or Asia), where Business is being conducted by Cedar Fair on the date Executive’s employment is terminated hereunder. This includes but is not limited to Six Flags Entertainment Corporation (formerly Six Flags, Inc.) and SeaWorld
Parks & Entertainment (formerly Busch Entertainment Corporation) or any of their respective affiliated companies. Notwithstanding the forgoing, Executive’s ownership of securities of a public company engaged in competition with
Cedar Fair not in excess of 5% of any class of such securities shall not be considered a breach of the covenants set forth in this Section 14(a). This provision shall not preclude the Employee from working in a non executive position in the
entertainment industry provided the role does not involve the same or similar duties, responsibilities or assignments as those the Executive performed while employed by Cedar Fair. 

(b) Executive agrees that, at all times from after the Effective Date, Executive will not, either personally or by his agent or by
letters, circulars or advertisements, and whether for himself or on behalf of any other person, company, firm or other entity, (i) seek to persuade any employee of Cedar Fair to discontinue his or her status or employment therewith or to become
employed in a business or activities likely to be competitive with the Business; or (ii) solicit or employ any such person at any time within twelve (12) months following the date of cessation of employment of such person with Cedar Fair,
in any locality or region of the United States or Canada and in each and every other area where Cedar Fair conducts its Business. 

 (c) Executive expressly agrees and understands that the remedy at law for any breach by him
of Sections 13 and 14 will be inadequate and that the damages flowing from such breach are not readily susceptible to being measured in monetary terms. Accordingly, it is acknowledged that upon adequate proof of a violation by Executive of any
provision of Sections 13 and 14, Cedar Fair shall be entitled to immediate injunctive relief and may obtain a temporary order restraining any threatened or further breach. Nothing in Sections 13 and 14 shall be deemed to limit Cedar Fair’s
remedies at law or in equity for any breach by Executive of any of the provisions of Sections 13 and 14 which may be pursued or availed of by Cedar Fair. In addition, Executive’s violation either of Sections 13 or 14 shall result in
Executive’s forfeiture and repayment of any monetary payments and/or benefits provided to Executive subsequent to the cessation of his employment. 

(d) Executive has carefully considered the nature and extent of the restrictions upon Executive and the rights and remedies conferred
upon Cedar Fair under Sections 13 and 14, and hereby acknowledges and agrees that the same are reasonable in time and territory, are intended to eliminate competition which otherwise would be unfair to Cedar Fair, do not stifle the inherent skill
and experience of Executive, would not operate as a bar to Executive’s sole means of support, are fully required to protect the business interests of Cedar Fair and do not confer a benefit upon Cedar Fair disproportionate to the detriment to
Executive. 
 15. Assignment. 

This Agreement may not be assigned by Executive or Cedar Fair except that Cedar Fair may assign this Agreement to any affiliate of Cedar
Fair or any successor in interest to Cedar Fair. 
 16. Successors, Binding Agreement. 

(a) Cedar Fair will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of Cedar Fair to expressly assume and agree to perform this Agreement in the same manner and to the same extent that Cedar Fair would be required to perform it if no such succession had taken place.

 (b) Failure of Cedar Fair to obtain an agreement to assume and perform this Agreement prior to the effectiveness of any such
succession shall be a 

 
breach of this Agreement; and Executive shall be entitled to compensation and benefits from Cedar Fair in the same amounts and on the same terms and conditions as would apply under Section 7
as if Executive was terminated other than for Cause; provided that: 
 (i) Executive incurs a “separation from service”
(as defined in Section 7(b) hereof) within the twenty-four (24-) month period following the effective date of the succession; and 

(ii) Executive provides notice within ninety (90) days of the effective date of the succession to the successor to Cedar Fair that it
is a breach of this Agreement not to assume and agree to perform the Agreement; and 
 (iii) The successor has at least thirty
(30) days in which to remedy its inaction. 
 17. Amendment or Modification. 

This Agreement shall, for so long as the provisions of Section 12 hereof and this Agreement remain in effect, also supersede and
replace Executive’s participation in, and rights to participate in and receive benefits under, the Cedar Fair, L.P. Amended and Restated Executive Change in Control Plan, as amended from time to time. No provisions of this Agreement may be
amended modified, waived, or discharged unless such modification, waiver, or discharge is agreed to in writing signed by Executive and such officer as may be specifically designated by the Board. 

18. Right to Amend or Terminate Plans or Programs. 

Nothing in this Agreement shall be construed to prevent or otherwise inhibit the right of the Company to alter, amend, discontinue, or
terminate any plan, program, fringe benefit, or perquisite hereunder; provided that any such action is of general application to all similarly situated executives and is not specific to Executive. 

19. Arbitration. 

(a) Executive and Cedar Fair agree that any dispute, claim or controversy arising out of or relating to this Agreement, including but not
limited to claims of employment discrimination and/or claims over whether Executive’s employment was terminated for “Cause,” except as set forth in Section 19(f) below, shall be settled by final and binding arbitration, and

 
judgment upon the award of the arbitration panel may be entered and enforced in any federal or state court having jurisdiction over the parties. Executive expressly acknowledges that this
agreement to arbitrate applies without limitation to any claims of unlawful discrimination, harassment, retaliation, wrongful discharge, constructive discharge, claims related to the payment of wages or benefits, contract claims and tort claims
under federal, state or local law. By agreeing to submit any and all claims (except as set forth in Section 19(f) below) to arbitration, Executive and Cedar Fair expressly waive any right that they may have to resolve such claims through any
other means, including a jury trial or court trial. 
 (b) Arbitration shall be conducted by a panel of three
(3) arbitrators in accordance with the arbitration rules of the American Arbitration Association (“AAA”). Within twenty (20) days after notice from one party to the other of the notifying party’s election to arbitrate, each
party shall select one (1) arbitrator. Within twenty (20) days after the selection of the two (2) arbitrators by the parties, said arbitrators shall in turn select a third arbitrator. If the two arbitrators cannot agree upon the
selection of a third arbitrator, the parties agree that the third arbitrator shall be appointed by the AAA. 
 (c) Both parties
shall be entitled to representation by individuals of their choice and to written information directly relevant to the arbitration of their claims. Each party will be entitled to take three depositions, not including any depositions necessary to
perpetuate the testimony of unavailable witnesses. The arbitration panel shall have authority to award any remedy or relief that an Ohio or federal court in Ohio could grant in conformity with applicable law on the basis of the claims actually made
in the arbitration. The arbitration panel shall not have the authority either to abridge or change substantive rights available under existing law. Should Executive prevail in arbitration, Cedar Fair shall reimburse Executive for reasonable costs,
expenses, and attorneys’ fees incurred by Executive. The arbitration panel shall issue a written award listing the issues submitted by the parties, together with a succinct explanation of the manner in which the panel resolved or decided the
issues. The costs of the arbitration panel shall be paid by Cedar Fair. 
 (d) All arbitration proceedings, including the
arbitration panel’s decision and award, shall be confidential. Neither party shall disclose any information or evidence adduced by the other in the arbitration proceedings, or the panel’s award except (i) to the extent that the
parties agree otherwise in 

 
writing; (ii) as may be appropriate in any subsequent proceedings between the parties such as to enforce the arbitration award; or (iii) as may otherwise be compelled by law.

 (e) The terms of this arbitration procedure are severable. The invalidity or unenforceability of any provisions herein shall
not affect the application of any other provisions. Where possible, consistent with the procedure, any otherwise invalid provision of the procedure will be governed by the Federal Arbitration Act as will any actions to compel, enforce, vacate or
confirm proceedings, awards, orders of the arbitration panel, or settlements under the procedure. 
 (f) The parties agree and
acknowledge that the promises and agreements set forth in Sections 13 (Disclosure of Information) and 14 (Noncompetition) of this Agreement shall not be subject to the arbitration provisions set forth herein in Section 19, but rather such
claims may be brought in any federal or state court of competent jurisdiction. Any claims made by Executive, for workers’ compensation (except retaliation claims), or unemployment benefits are also excepted from the arbitration provisions set
forth herein in Section 19. 
 20. Survival of Certain Provisions. 

The provisions of Sections 13 and 14 shall survive the termination of this Agreement. 

21. Tax Reporting and Withholding. 

The Company (and any agent of the Company) shall report all income required to be reported, and withhold from any payment under the
Agreement the amount of withholding taxes due, in the opinion of the Company in respect of such income or payment and shall take any other action as may be necessary, in the opinion of the Company, to satisfy all obligations for the reporting of
such income and payment of such taxes. The Company, the Board, or any delegatee shall not be held liable for any taxes, penalties, interest, or other monetary amounts owed by Executive or other person as a result of the deferral or payment of any
amounts under this Agreement or as a result of the Company’s administration of amounts subject to the Agreement, except as expressly provided herein. 

 22. Section 409(A).  

To the extent applicable, Cedar Fair and Executive intend that this Agreement comply with Section 409A. Cedar Fair and Executive
hereby agree that this Agreement shall be construed in a manner to comply with Section 409A and that should any provision be found not in compliance with Section 409A, the parties are hereby contractually obligated to execute any and all
amendments to this Agreement deemed necessary and required by legal counsel for Cedar Fair to achieve compliance with Section 409A. By execution and delivery of this Agreement, Executive irrevocably waives any objections he may have to the
amendments required by Section 409A. Cedar Fair and Executive also agree that in no event shall any payment, benefit, or reimbursement required to be made pursuant to this Agreement that is considered “nonqualified deferred
compensation” within the meaning of Section 409A be accelerated in violation of Section 409A or be made to Executive unless he has incurred a “separation from service” (as defined in Section 409A). In the event
Executive is a “specified employee” (as defined in Section 409A) so that payments, benefits, and/or reimbursements that are nonqualified deferred compensation cannot commence until the lapse of six (6) months after a separation
from service, then any such payments, benefits, or reimbursements that are required to be paid or provided in a single lump sum may not be made or provided until the date which is six (6) months after Executive’s separation from service;
specifically such lump sum payments shall be paid within the first five (5) business days of the seventh (7th) month following Executive’s separation from service. Furthermore, the first six (6) months of any such payments,
benefits, or reimbursements of nonqualified deferred compensation that are required to be paid or provided in installments shall be accumulated and paid or provided (with retroactive effect) within the first five (5) business days of the
seventh (7th) month following Executive’s separation from service. In all cases, if the five- (5-) day period begins in one calendar year and ends in another, Executive shall not have the right to designate the taxable year of payment. All
remaining installment payments or periodic benefits shall be made or provided as they would ordinarily have been under the provisions of this Agreement. If, notwithstanding actions taken in compliance with this Section 22, Executive incurs
taxes under Section 409A, Cedar Fair shall, subject to the same terms and conditions of Sections 7(b), 7(c), and 7(d), make gross-up payments to Executive equal to all federal taxes and interest imposed on Executive, if

 
any, under Section 409A on the payments and benefits provided under this Agreement and the federal, state, and local taxes imposed upon Executive as a result of Cedar Fair’s payment of
such taxes; provided that such taxes do not result from Executive’s choice to retain the right to payments and/or benefits that were available to Executive prior to the amendment and restatement of this Agreement for Section 409A; and
provided further that such gross-up payments shall be made by the end of Executive’s taxable year next following his taxable year in which he remits such taxes under Section 409A. 

23. Assignment and Alienation Prohibited. 

Neither Executive, his surviving spouse, nor other beneficiaries shall have the power or right to transfer, assign, anticipate,
hypothecate, mortgage, commute, modify, or otherwise encumber, in advance, any of the amounts payable hereunder, nor shall any of such payments be subject to seizure for the payment of any debts, judgments, alimony, or separate maintenance owed by
Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency, or otherwise. 
 24.
Captions. 
 Captions are not controlling for interpretation of this Agreement. 

25. Waiver. 
 The
waiver of the enforcement of any provision by a party hereto shall not be construed as the waiver of any other provision of this Agreement. 

26. Validity. 

The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of any
other provision of this Agreement, which shall remain in full force and effect. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Ohio, without giving effect to its conflicts
of laws provisions. 

 27. Counterparts. 

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will
constitute one and the same instrument. 
  

			
	CEDAR FAIR, L.P.
		
	By:	 	  

	Printed Name	 	  

	Title	 	  

	Date:	 	  

	
	CEDAR FAIR MANAGEMENT, INC.
		
	By:	 	  

	Printed Name	 	  

	Title	 	  

	Date:	 	  

	
	MAGNUM MANAGEMENT CORP.
		
	By:	 	  

	Printed Name	 	  

	Title	 	  

	Date:	 	  

	
	  

	RICHARD ZIMMERMAN
		
	Date:Omnibus Amendment

 Exhibit 10.01 

EXECUTION VERSION 

SECOND OMNIBUS AMENDMENT 

This SECOND OMNIBUS AMENDMENT, dated as of June 23, 2010 (this “Amendment”), is entered into by and among ALLIANCE LAUNDRY
EQUIPMENT RECEIVABLES TRUST 2009-A, a Delaware statutory trust (the “Issuer”), ALLIANCE LAUNDRY SYSTEMS LLC, a Delaware limited liability company (“ALS”), ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2009 LLC, a Delaware limited
liability company (the “Transferor”), the Bank of New York Mellon, a New York banking corporation (the “Indenture Trustee”), each of the Note Purchasers listed on the signature pages hereto (collectively, the “Note
Purchasers”), each of the Agents for the Purchaser Groups listed on the signatures pages hereto (collectively, the “Agents”) and NATIXIS FINANCIAL PRODUCTS INC. (the “Administrative Agent”). 

RECITALS 
 A.
WHEREAS, ALS, the Transferor and the Issuer are parties to that certain Pooling and Servicing Agreement, dated as of June 26, 2009 (together with all exhibits and schedules thereto, and as heretofore amended, restated or supplemented, the
“PSA”); 
 B. WHEREAS, the Issuer, ALS, the Transferor, the Note Purchasers, the Agents and the Administrative Agent
are parties to that certain Note Purchase Agreement, dated as of June 26, 2009 (together with all exhibits and schedules thereto, and as heretofore amended, restated or supplemented, the “NPA”); 

C. WHEREAS, the Issuer and the Indenture Trustee are parties to that certain Indenture, dated as of June 26, 2009 (together with all
exhibits and schedules thereto, and as heretofore amended, restated or supplemented, the “Indenture”; and together with the NPA and the PSA, the “Agreements”); 

D. WHEREAS, the Issuer has requested that the Committed Purchasers extend the current Liquidity Termination Date to the Scheduled
Termination Date, and each of the Note Purchasers, in its capacity as a Committed Purchaser, has agreed to do so; and 
 E.
WHEREAS, in connection with such extension, the parties hereto desire to amend and modify certain terms of the Agreements as hereinafter set forth. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows: 
 SECTION 1 Definitions. As used herein, terms that are defined herein shall have the meanings as so defined, and
terms not so defined shall have the meanings as set forth in the NPA and Part I of Appendix A to the PSA, as applicable. 

SECTION 2 Interpretation of Amendments. Certain sections of the Agreements are amended and restated by this amendment. Language being
inserted into the applicable section or annex of any such Agreement is evidenced by bold and underline formatting. Language being deleted from the applicable section or annex of any such Agreement is evidenced by strike-through formatting.

  

 1 

 SECTION 3 Amendments to the NPA. Each party to this Amendment that is a party to the NPA
agrees that the NPA shall be amended as follows: 
 (a) The following new definition of “Dissenting Committed
Purchaser” is hereby added to Section 1.1 of the NPA in its proper alphabetical order: 
 “Dissenting Committed
Purchaser” shall mean, with respect to a Noteholder that has provided notice of its objection to an ALS Change of Control to the Administrative Agent and the Issuer within thirty (30) days following the Issuer’s delivery of the
applicable Change of Control Notice (such objection to be deemed given by the applicable Noteholder if no written consent is received by the Administrative Agent and the Issuer within such thirty (30) day period), any related Committed
Purchaser that has concurrently provided written notice to the Administrative Agent and the Issuer that it elects to terminate its Commitments on the four (4) month anniversary date of such ALS Change of Control.” 

(b) Section 2.8(b) of the NPA is hereby amended and restated in its entirety as follows: 

“(b)(i) If, in accordance with Section 2.8(a), the Issuer requests that the Committed Purchasers renew their Commitments
hereunder and some but less than all such Committed Purchasers consent to such renewal by the date that is thirty (30) days prior to the then-current Liquidity Termination, the Issuer may arrange for an assignment of, and such non-renewing
Committed Purchasers shall agree to assign, to one or more financial institutions acceptable to the Agent in such non-renewing Committed Purchasers’ Purchaser Group of all the rights and obligations hereunder of each such non-consenting
Committed Purchaser in accordance with Section 7.1. Any such assignment shall become effective on the then current Liquidity Termination Date. Each Committed Purchaser which does not so consent to any renewal shall cooperate fully with the
Issuer in effectuating any such assignment. 
 (ii) At any time following the delivery of a Change of Control Notice if the
Noteholders that hold an aggregate pro rata share of equal to or greater than two-thirds of the aggregate principal balance of the Outstanding Notes, but less than all Noteholders, have provided their prior written consent to the related ALS Change
of Control to the Administrative Agent and the Issuer, the Issuer may arrange for an assignment of, and any Dissenting Committed Purchaser shall agree to assign, to one or more financial institutions (which in the case of a CP Conduit that is the
Dissenting Committed Purchaser, shall be a financial institution other than its related Support Parties) acceptable to the Administrative Agent of all the rights and obligations hereunder of such Dissenting Committed Purchaser in accordance with
Section 7.1. Each Dissenting Committed Purchaser and the Administrative Agent shall cooperate fully with the Issuer in effectuating any such assignment.” 

 

 2 

 (c) Section 2.8(c) of the NPA is hereby amended and restated in its entirety as
follows: 
 “(c) (i) If, (x) in accordance with Section 2.8(a), the Issuer requests that the Committed
Purchasers extend the Liquidity Termination Date and some but less than all such Committed Purchasers consent to such extension within thirty (30) days after the Issuer’s request, and if none or less than all the Commitments of the
non-renewing Committed Purchasers in any Purchaser Group are assigned as provided in Section 2.8(b) or (y) an ALS Change of Control occurs and the Noteholders that hold an aggregate pro rata share of equal to or greater than
two-thirds of the aggregate principal balance of the Outstanding Notes, but less than all Noteholders, have provided their prior written consent to such ALS Change of Control to the Administrative Agent and the Issuer, then with respect to clause
(x) above (without limiting the obligations of all the Committed Purchasers to make Advances prior to the then current Liquidity Termination Date in accordance with the terms hereof), any such non-renewing Committed Purchaser’s Commitments
shall expire on the then current Liquidity Termination Date, and with respect to clause (y) above (without limiting the obligations of all the Committed Purchasers to make Advances prior to such four (4) month anniversary in accordance
with the terms hereof), any Dissenting Committed Purchaser’s Commitments shall terminate on the four (4) month anniversary date of such ALS Change of Control. In each such case, the related CP Conduit may sell an interest in its Percentage
Interests hereunder for an aggregate purchase price equal to the lesser of (i) the maximum aggregate purchase price which would be payable if such CP Conduit assigned its entire interest in the applicable Notes at that time under
Section 7.1(e) to any Support Party under the terms of the applicable Support Facility, and (ii) the aggregate available Commitments of the non-renewing Committed Purchasers or Dissenting Committed Purchasers, as applicable, in the
applicable Purchaser Group, which purchase price shall be paid solely by the related non-renewing or Dissenting Committed Purchasers, as applicable, (or in the case of a CP Conduit that is the non-renewing Committed Purchaser or the Dissenting
Committed Purchaser, by its related Support Parties), pro rata according to their respective Commitments. Following the payment of such purchase price, (i) if applicable, the extended Liquidity Termination Date shall be effective with respect
to the renewing Committed Purchasers, (ii) the Equipment Loan Facility Limit and Receivables Facility Limit, as applicable, shall be automatically reduced pro rata in accordance with the reduction of the aggregate outstanding principal balance
of the Notes of the non-renewing Committed Purchasers or the Dissenting Committed Purchasers, as applicable, as described in subsection (c)(ii) below until such outstanding balance has been reduced to zero and each such facility limit is then equal
to the aggregate of the Commitments of all renewing Committed Purchasers or consenting Committed Purchasers, as applicable, and (iii) this Agreement and the Commitments of the renewing Committed Purchasers or the consenting Committed
Purchasers, as applicable, shall remain in effect in 
  

 3 

 
accordance with their terms notwithstanding the expiration of the Commitments of the non-renewing Committed Purchasers or the termination of the Commitments of the Dissenting Committed
Purchasers, as applicable. 
 (ii) Both prior to and after the applicable Conversion Date, all amounts which, under
Section 8.2 of the Indenture, are to be applied in reduction of the principal amount of the Receivables Notes or the Equipment Loan Notes, as applicable, up to the aggregate of the applicable Percentage Interests sold to the non-renewing
Committed Purchasers or the Dissenting Committed Purchasers, as applicable, (or their Support Parties, as applicable) as described above in subsection (c)(i), shall be distributed ratably among the applicable Noteholders (both renewing and
non-renewing or consenting and dissenting, as applicable) according to the aggregate of the applicable Percentage Interests held by them, in reduction of such Percentage Interests, but the non-renewing Committed Purchasers or Dissenting
Committed Purchasers, as applicable, shall not be required to fund any future Advances. When (after the Liquidity Termination Date, as in effect prior to giving effect to the renewal or after the four (4) month anniversary of the ALS Change of
Control, as applicable) the aggregate principal balances of the Notes of the non-renewing Committed Purchasers or the Dissenting Committed Purchasers, as applicable, described above in this subsection shall have been reduced to zero and all
accrued interest allocable thereto and all other outstanding amounts owed in respect of principal of, interest on or fees or other indemnities owing to such Committed Purchasers shall have been paid to such Committed Purchasers in full, then such
Committed Purchasers shall cease to be parties to this Agreement for any purpose.” 
 (d) Clause (vi) contained in the
first paragraph of Section 8.1 of the NPA is hereby amended and restated in its entirety as follows: 
 “(vi) amend,
modify or waive any of Sections 2.1, 2.2 or Articles III, IV or VIII (other than Sections 8.12(a), 8.12(b) and 8.16) without the written consent of each Committed Purchaser and each Primary Purchaser in each Purchaser Group and of the Administrative
Agent.” 
 (e) The following sentence is hereby added to the last paragraph of Section 8.1 of the NPA: 

“For the avoidance of doubt, in the case of an ALS Change of Control the previous sentence shall not apply, and the amount of any fee
payable by the Issuer in connection with the Noteholders granting consent to an ALS Change of Control shall be agreed upon between such parties upon the occurrence of an ALS Change of Control.” 

 

 4 

 SECTION 4 Amendments to the PSA. Each party to this Amendment that is a party to the PSA
agrees that the PSA shall be amended as follows: 
 (a) The following new definition of “ALS Change of Control” is
hereby added to Part I of Appendix A to the PSA in its proper alphabetical order: 
 “ALS Change of Control: (a) the
failure of Ontario Teachers’ Pension Plan Board and its Affiliates to own directly or indirectly, free and clear of any Adverse Claim and on a fully diluted basis, at least 51% of the outstanding Equity Interests of ALH or ALS; or 

(b) a “Specified Change of Control” or any comparable term under, and as defined in, the Credit Agreement.” 

(b) The following new definition of “Change of Control Notice” is hereby added to Part I of Appendix A to the PSA in its proper
alphabetical order: 
 “Change of Control Notice: A written notice delivered by the Servicer to the Administrative Agent and
the Rating Agencies (with a copy to the Noteholders) with respect to any ALS Change of Control. The Servicer shall make a good faith effort to deliver such notice at least forty-five (45) days prior to the effectiveness of such ALS Change of
Control.” 
 (c) The definition of “Consolidated Interest Coverage Ratio” in Part I of Appendix A to the PSA is
hereby amended and restated in its entirety as follows: 
 “Consolidated Interest Coverage Ratio: As defined in the Credit
Agreement notwithstanding any replacement facility, unless otherwise agreed upon between the Servicer and the Special Required Noteholders.” 

(d) The definition of “Consolidated Leverage Ratio” in Part I of Appendix A to the PSA is hereby amended and restated in its
entirety as follows: 
 “Consolidated Leverage Ratio: As defined in the Credit Agreement notwithstanding any replacement
facility, unless otherwise agreed upon between the Servicer and the Special Required Noteholders.” 
 (e) The definition of
“Loan Conversion Date” in Part I of Appendix A to the PSA is hereby amended and restated in its entirety as follows: 

“Loan Conversion Date: The earliest to occur of (v) the date elected as such Loan Conversion Date by the Originator with at
least thirty (30) days prior written notice to the Administrative Agent; provided that if such termination occurs within eighteen (18) months of the Closing Date, such termination may only occur with the consent of the Noteholders,
(w) the Scheduled Termination Date, (x) the date on which a Rapid Amortization Event first occurs, (y) December 1, 2010, unless the Originator’s revolving credit commitments under the Credit Agreement are extended or
replaced by such date with a substantially similar revolving credit commitment with equal or greater liquidity availability and expiring no earlier than October 1, 2012, (z) the Purchase Termination Date, (aa) the Liquidity Termination
Date with respect to all Committed Purchasers then 
  

 5 

 
party to the Note Purchase Agreement and (bb) the date on which an ALS Change of Control first occurs, unless the Noteholders that hold an aggregate pro rata share of equal to or greater
than two-thirds of the aggregate principal balance of the Outstanding Notes have provided their prior written consent to such ALS Change of Control to the Administrative Agent and the Issuer. Notwithstanding the foregoing, in the event that
pursuant to Section 2.8 of the Note Purchase Agreement, one or more of the Committed Purchasers does not consent to the extension of the Liquidity Termination Date beyond June 25, 2010, the requirement that the Originator obtain the
consent of the Noteholders pursuant to clause (v) above shall no longer apply.” 
 (f) The definition of
“Scheduled Termination Date” in Part I of Appendix A to the PSA is hereby amended and restated in its entirety as follows: 

“Scheduled Termination Date: June 25, 2011 or, if such day is not a Business Day, the next preceding Business Day.”

 (g) The last paragraph of Section 3.07(i) of the PSA is hereby amended and restated in its entirety as follows:

 “In the event the Credit Agreement is replaced, the Servicer shall maintain (i) Consolidated Leverage Ratios not
more than, and (ii) Consolidated Interest Coverage Ratios no less than, in each case, the corresponding ratios set forth in such replacement facility (as amended); provided that, at no time shall the Servicer maintain (i) Consolidated
Leverage Ratios greater than 5.50 to 1.00, and (ii) Consolidated Interest Coverage Ratios less than 2.00 to 1.00, in each case, regardless of such corresponding ratios as are set forth in such replacement facility (as amended). If, at any time,
the Servicer has not entered into such a replacement facility or such replacement facility does not contain corresponding ratios, the Servicer shall maintain the above Consolidated Leverage Ratios and the above Consolidated Interest Coverage Ratios
required as if the Credit Agreement remained in full force and effect.” 
 SECTION 5 Amendments to the Indenture. Each
party to this Amendment that is a party to the Indenture agrees that the Indenture shall be amended as follows: 
 (a) The word
“or” immediately following the semicolon at the end of Section 5.1(m) of the Indenture is hereby deleted in its entirety. 

(b) The period at the end of Section 5.1(n) of the Indenture is hereby replaced with “; or”. 

(c) The following new Section 5.1(o) is hereby added to the Indenture: 

“(o) if an ALS Change of Control shall have occurred, then the earlier to occur of (i) failure to pay in full all Outstanding
Obligations by the sixth (6) month anniversary date of the occurrence of such ALS Change of Control or (ii) the Scheduled Termination Date, unless, in each case, the Noteholders that hold an

  

 6 

 
aggregate pro rata share of equal to or greater than two-thirds of the aggregate principal balance of the Outstanding Notes have provided their prior written consent to such ALS Change of
Control to the Administrative Agent and the Issuer.” 
 (d) Section 8.2(j) of the Indenture is hereby amended and
restated in entirety as follows: 
 “(j) Notwithstanding any of the foregoing in this Section 8.2, both prior to and
after the applicable Conversion Date, all amounts which, under this Section 8.2, are to be applied in reduction of the principal amount of the Receivables Notes or the Equipment Loan Notes, as applicable, up to the aggregate of the applicable
Percentage Interests (as defined in the Note Purchase Agreement) sold to any non-renewing Committed Purchasers (as defined in the Note Purchase Agreement) or Dissenting Committed Purchasers, as applicable, (or their Support Parties (as defined in
the Note Purchase Agreement), as applicable) as described in Section 2.8(c) of the Note Purchase Agreement, shall be distributed ratably among the applicable Noteholders (both renewing and non-renewing or consenting and dissenting, as
applicable) according to the aggregate of the applicable Percentage Interests held by them, in reduction of such Percentage Interests, but the non-renewing Committed Purchasers or Dissenting Committed Purchasers, as applicable, shall not be required
to fund any future Advances. When (after the Liquidity Termination Date, as in effect prior to giving effect to the renewal renewal or after the four (4) month anniversary of the ALS Change of Control, as applicable) the aggregate
principal balances of the Notes of the non-renewing Committed Purchasers or the Dissenting Committed Purchasers, as applicable, shall have been reduced to zero and all accrued interest allocable thereto and all other outstanding amounts owed in
respect of principal of, interest on or fees or other indemnities owing to such Committed Purchasers shall have been paid to such Committed Purchasers in full, such Committed Purchasers shall then cease to have any rights under this Agreement
for any purpose.” 
 SECTION 6 Extension of Liquidity Termination Date. Each of the Note Purchasers, in its capacity as a
Committed Purchaser, hereby confirms its consent to the extension of the current Liquidity Termination Date to the Scheduled Termination Date. 

SECTION 7 Effectiveness. This Amendment shall become effective, as of June 25, 2010 (the “Effective Date”), when
(i) counterparts hereof shall have been executed and delivered by the parties hereto and (ii) each Agent shall have received all fees due in connection with the extension of the initial Liquidity Termination Date, and thereafter shall be
binding on the parties hereto and their respective successors and assigns. Notwithstanding the foregoing, the parties hereto agree that the effectiveness of this Amendment shall not require payment of the amendment fee contemplated in the last
paragraph of Section 8.1 of the NPA. 
 SECTION 8 Reference to the Agreements. Upon the Effective Date, (i) this
Amendment shall be a part of each Agreement amended hereby and (ii) each reference in any such Agreement to “this Agreement”, “hereof”, “hereunder”, or words of like import, and each reference in any other document
to any such Agreement shall mean and be a reference to such Agreement as amended hereby. 
  

 7 

 SECTION 9 Effect on the Agreements. Except as expressly amended hereby, each of the
Agreements amended herein shall remain in full force and effect and are hereby ratified and confirmed by the parties hereto. 

SECTION 10 Representations and Warranties. Each of the Issuer, the Transferor, ALS and the Note Purchasers makes each of its respective
representations and warranties contained in Article 4 of the NPA and Article VII of the PSA, as applicable, (after giving effect to this Amendment). Each of the parties hereto represents and warrants that this Amendment has been duly authorized,
executed and delivered by it and constitutes its legal, valid and binding obligation. 
 SECTION 11 Consent. Pursuant to
Section 8.1 of the NPA, Section 11.01 of the PSA and Section 9.2 of the Indenture, the parties hereto agree that all notices and consents required in connection with this Amendment have been provided, or in the alternative, have been
waived, and each such party hereby consents to the terms of the amendments to the Agreements contained in this Amendment. For the avoidance of doubt, such consent granted by the Note Purchasers herein shall be deemed a prior written consent of all
of the Noteholders for purposes of satisfying Section 9.2(a) of the Indenture. 
 SECTION 12 Waiver. Solely for purposes of
the amendments to Section 8.1 of the NPA contained in this Amendment, the Indenture Trustee pursuant to Section 9.2(a) of the Indenture, as evidenced by its signature below, hereby waives Section 3.7(a) of the Indenture, and each Note
Purchaser expressly consents to such waiver, which such consent shall be deemed a prior consent and an Act of the Required Noteholders for purposes of Section 9.2(a) of the Indenture. 

SECTION 13 Governing Law; Miscellaneous. (a) THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW. 
 (b) Headings used herein are for convenience of
reference only and shall not affect the meaning of this Amendment. 
 (c) This Amendment may be executed in any number of
counterparts, and by the parties hereto on separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement. Executed counterparts may be delivered via facsimile. 

SECTION 14 No Recourse. It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and
delivered by Wilmington Trust Company, not individually or personally but solely as owner trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and
agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust Company but is made and 

 

 8 

 
intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust Company, individually or personally, to
perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall
Wilmington Trust Company be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this
Amendment or any other related documents. 
 [Signatures Follow] 

 

 9 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
respective duly authorized representatives, as of the date first above written. 
  

					
	ALLIANCE LAUNDRY EQUIPMENT
	RECEIVABLES TRUST 2009-A, as Issuer
		
	By:	 	Wilmington Trust Company,
		 	not in its individual capacity but solely
		 	as Owner Trustee
		
	By:	 	 /s/ Yvette L. Howell

		 	Name:	 	Yvette L. Howell
		 	Title:	 	Financial Services Officer
	
	ALLIANCE LAUNDRY SYSTEMS LLC, as Servicer and Originator
		
	By:	 	 /s/ Jeffrey E. Thoms

		 	Name:	 	Jeffrey E. Thoms
		 	Title:	 	Treasurer and Assistant Secretary
	
	ALLIANCE LAUNDRY EQUIPMENT RECEIVABLES 2009 LLC, as Transferor
		
	By:	 	 /s/ Jeffrey E. Thoms

		 	Name:	 	Jeffrey E. Thoms
		 	Title:	 	Vice President, Treasurer and Assistant
		 		 	Secretary

 [Signatures Continue]

 Second Omnibus Amendment 

					
	NATIXIS FINANCIAL PRODUCTS INC., as Administrative Agent, Agent for the Natixis Equipment Loan Purchaser Group and Agent for the Natixis Receivables Purchaser
Group
		
	By:	 	 /s/ David S. Bondy

		 	Name:	 	David S. Bondy
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Adam W. True

		 	Name:	 	Adam W. True
		 	Title:	 	Managing Director, Senior Counsel

[Signatures Continue] 

Second Omnibus Amendment 

					
	THE BANK OF NOVA SCOTIA, as Agent for the Scotia Equipment Loan Purchaser Group, Agent for the Scotia Receivables Purchaser Group, an Equipment Loan Note Purchaser and a
Receivables Note Purchaser
		
	By:	 	 /s/ Norman Last

		 	Name:	 	Norman Last
		 	Title:	 	Managing Director

 [Signatures
Continue] 
 Second Omnibus Amendment 

					
	BMO CAPITAL MARKETS CORP., as Agent for the BMO Equipment Loan Purchaser Group and Agent for the BMO Receivables Purchaser Group
		
	By:	 	 /s/ Eduardo Mendoza

		 	Name:	 	Eduardo Mendoza
		 	Title:	 	Managing Director

 [Signatures Continue]

 Second Omnibus Amendment 

					
	VERSAILLES ASSETS LLC, as an Equipment Loan Note Purchaser and a Receivables Note Purchaser
		
	By:	 	 /s/ Bernard J. Angelo

		 	Name:	 	Bernard J. Angelo
		 	Title:	 	Senior Vice President

 [Signatures
Continue] 
 Second Omnibus Amendment 

					
	FAIRWAY FINANCE COMPANY, LLC, as an Equipment Loan Note Purchaser and a Receivables Note Purchaser
		
	By:	 	 /s/ Philip A. Martone

		 	Name:	 	Philip A. Martone
		 	Title:	 	Vice President

 [Signatures Continue]

 Second Omnibus Amendment 

					
	LIBERTY STREET FUNDING LLC, as an Equipment Loan Note Purchaser and a Receivables Note Purchaser
		
	By:	 	 /s/ Jill A. Russo

		 	Name:	 	Jill A. Russo
		 	Title:	 	Vice President

 [Signatures Continue]

 Second Omnibus Amendment 

					
	FIFTH THIRD BANK, as an Equipment Loan Note Purchaser and a Receivables Note Purchaser
		
	By:	 	 /s/ Andrew D. Jones

		 	Name:	 	Andrew D. Jones
		 	Title:	 	Vice President

 [Signatures Continue]

 Second Omnibus Amendment 

					
	THE BANK OF NEW YORK MELLON, not in its individual capacity but solely as Indenture Trustee
		
	By:	 	 /s/ Antonio Vayas

		 	Name:	 	Antonio Vayas
		 	Title:	 	Vice President

 Second Omnibus
Amendment

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