Document:

Mortgage and Note Modification Agreement

 Exhibit 10.5 
 MORTGAGE AND NOTE MODIFICATION AND RENEWAL AGREEMENT 
 THIS MORTGAGE
AND NOTE MODIFICATION AND RENEWAL AGREEMENT (the “Agreement”) is executed this 11th day of July, effective the 11th day of July, 2013, by ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation (the “Mortgagor”), whose
address is: 5215 West Laurel Street, Tampa, Florida 33607, in favor of FIFTH THIRD BANK, an Ohio banking corporation (the “Lender”), whose address is: 201 East Kennedy Boulevard, Tampa, Florida 33602, and is made in reference to the
following facts: 
 RECITALS 
 (A) Lender is the owner and holder of a Promissory Note granted by Mortgagor dated July 11, 2008, in the original principal amount of $2,580,000.00, having a current principal balance of
$1,302,000.00 (the “Note”). 
 (B) The Note is secured by: (1) a Mortgage and Security Agreement executed by
Mortgagor, dated July 11, 2008, and recorded in O.R. Book 18749, Page 903, of the Public Records of Hillsborough County, Florida (the “Mortgage”), encumbering the real property described therein (the “Property”); and
(2) an Assignment of Rents, Leases, Contracts, Accounts and Deposits executed by Odyssey Marine Exploration, Inc., dated July 11, 2008, and recorded in O.R. Book 18749, Page 918, of the Public Records of Hillsborough County, Florida (the
“Assignment”). All of the foregoing loan documents are herein collectively referred to as the “Loan Documents”. 
 (C) Mortgagor has requested that the Lender extend and renew the indebtedness, and Lender has agreed to such extension and renewal subject to the terms and conditions set forth below. 

 
  
 Note to Recorder: Documentary stamp taxes and intangible taxes have been previously paid on the recording of the Mortgage defined in Recital (B) hereof for the amount of the Note being renewed
hereunder. 
 Prepared by and Return to: 
 Kenneth E. Thornton, Esq. 
 Fisher & Sauls, P.A. 

100 Second Avenue S. #701 
 St. Petersburg, FL
33701 

 NOW, THEREFORE, in consideration of the premises, and for other good and valuable
consideration in hand paid to each of the parties hereto by the others, the receipt and adequacy of which is hereby mutually acknowledged by each of them, the parties do hereby covenant and agree as follows: 

1. Recitals. The parties acknowledge that the statements contained in the Recitals are true and correct and the Recitals by
this reference are made a part of this Agreement. 
 2. Warranty of Title. Mortgagor warrants and represents to
Lender that there are no liens, leases or encumbrances affecting the collateral for the Note other than the following: 
 (a)
The Mortgage; 
 (b) Ad valorem taxes for the year 2012 and for all subsequent years; 

3. Confirmation of Principal. Lender and Mortgagor confirm that the current aggregate principal balance outstanding on the
Note is $1,302,000.00. 
 4. Renewal of Note. The Note is hereby renewed in the amount of $1,302,000.00 (the
“Loan”) pursuant to the terms of that certain Renewal Commercial Promissory Note of even date herewith (the “Renewal Note”), executed and delivered to Lender by Mortgagor, the terms of which are by this reference incorporated
herein, which Renewal Note matures on July 11, 2016. 
 5. Security. To secure the payment of the Renewal
Note, Mortgagor hereby confirms, grants and conveys unto Lender the first lien of the Mortgage as security for the Renewal Note. The Mortgage further secures any and all sums due or which may become due from Mortgagor or Mortgagor to Lender under:
(a) the Loan Documents; (b) the performance of all terms, conditions and covenants set forth in the Mortgage and the other Loan Documents; (c) the repayment of all sums due or that may become due under or in connection with any
present or future agreement between Mortgagor and Lender. 
 6. Costs, Expenses. Mortgagor shall pay all costs of
this Agreement including but not limited to (a) all out-of-pocket expenses of Lender in connection with the preparation, execution, delivery and recording hereof, including reasonable fees and disbursements of counsel to Lender, (b) cost
of a title policy insuring the lien of the Mortgage after recording this Agreement, and (c) costs of collection (including reasonable counsel fees) in case default is made in any loan herein described. 

7. Representations. Mortgagor hereby represents to Lender that: 

(a) Financial Condition. The financial statements heretofore furnished to Lender are complete and correct and fairly
represent the financial condition 

  
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of Mortgagor as of the dates of said financial statements for the periods ending on said dates. Mortgagor has no material contingent obligations, liabilities for taxes, long-term leases or
unusual forward or long-term commitments not disclosed by, or reserved against in, said financial statements, and at the present time there are no material unrealized or anticipated losses from any unfavorable commitments of Mortgagor. Said
financial statements were prepared in accordance with generally accepted principles and practices of accounting consistently maintained throughout the periods involved. Since the date of the latest of such statements, there has been no material
adverse change in the financial condition of Mortgagor from that set forth in said statements as of that date. 
 (b)
Litigation. There are no suits or proceedings pending, or to the knowledge of Mortgagor threatened, against or affecting Mortgagor which, if adversely determined, would have a material adverse effect on the financial condition or
business of Mortgagor and there are no proceedings by or before any governmental commission, board, bureau or other administrative agency pending or, to the knowledge of Mortgagor threatened, against Mortgagor. 

(c) Compliance. Mortgagor has complied with all land use, building, zoning, OSHA, ADA, environmental, pollution and other
laws, rules, ordinances and regulations promulgated by any governmental authority and applicable to the Property. 
 8.
Rate Management Documents and Obligations. The Renewal Note may be subject to certain ISDA Master Agreements, swap documents, related agreements, documents and the like together with all related schedules and confirmations which may be
entered into now or in the future between Mortgagor and Lender and/or its affiliates (collectively, the “Swap Documents”). Any and all indebtedness, fees, costs, expenses, and obligations now or hereafter due under the Swap Documents,
including, but not limited to any breakage fees, other amounts as may be necessary in order to restructure or unwind the swap transactions or the like are hereafter collectively referred to as the “Swap Obligations”. Mortgagor shall at all
times maintain the Swap Documents in full force and effect, and promises to promptly pay all Swap Obligations, and perform all of the covenants and obligations under the Swap Documents. Any default under the Swap Documents or failure to pay the Swap
Obligations when due shall be a default under the Renewal Note. The payment and performance of the Renewal Note, the Swap Documents and Swap Obligations are all secured by the Mortgage and other security agreements. 

9. Warranties. Mortgagor hereby affirms and warrants that all of the warranties made in the Renewal Note, Mortgage (as
modified) and the other Loan Documents, and any other documents or instruments recited herein or executed with respect thereto directly or indirectly, are true and correct as of the date hereof and that Mortgagor is not in default of any of the
foregoing nor aware of any default with respect thereto, and that Mortgagor has no defenses or rights of offset with respect to any indebtedness to Lender. Mortgagor hereby releases Lender from any cause of action against it existing as of the date
of execution hereof. The rights and defenses being 

  
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waived and released hereunder include without limitation any claim or defense based in the Lender having charged or collected interest at a rate greater than that allowed to be contracted for by
applicable law as changed from time to time, provided, however, in no event shall such waiver and release be deemed to change or modify the terms of the Loan Documents which provide that sums paid or received in excess of the maximum rate of
interest allowed to be contracted for by applicable law, as changed from time to time, reduce the principal sum due, said provision to be in full force and effect. 
 10. Lien. Mortgagor represents that the liens of the Loan Documents are valid liens on the properties described therein, as modified hereby, and with a priority as stated therein. If at any
time Lender shall determine that the lien priority of its Loan Documents as stated therein is invalid or in jeopardy, or if at any time Lender is unable to obtain title insurance insuring such liens as valid liens with the priority stated therein on
the collateral described therein, then Lender shall have the option of declaring the entire indebtedness secured by the Loan Documents, together with all accrued interest to be immediately due and payable in full. 

11. Novation. It is the intent of the parties that this instrument shall not constitute a novation and shall in no way
adversely affect the lien priority of the Mortgage and other Loan Documents referred to above. In the event that this Agreement, or any part hereof, shall be construed by a court of competent jurisdiction as operating to affect the lien priority of
said Mortgage or other Loan Documents, or any of them, over the claims which would otherwise be subordinate thereto, then to the extent so ruled by such court, and to the extent that third persons acquiring an interest in such property as is
encumbered by the Mortgage or other Loan Documents between the time of execution of the Mortgage or other Loan Documents, and the execution hereof, are prejudiced thereby, this Agreement, or such portion hereof as shall be so construed, shall be
void and of no force and effect and this Agreement shall constitute, as to that portion, a subordinate lien on the collateral described therein, incorporating by reference the terms of the Mortgage and other Loan Documents, and which Mortgage and
other Loan Documents then shall be enforced pursuant to the terms therein contained, independent of this Agreement; provided, however, that notwithstanding the foregoing, the parties hereto, as between themselves, shall be bound by all terms and
conditions hereof until all indebtedness owing from the Mortgagor, if any, to the Lender shall have been paid in full. 
 12.
State Taxes. Mortgagor shall be liable for the full amount of any documentary stamps, intangible tax, interest and penalties, if any, levied by the State of Florida incident to the loan transactions and modifications described in this
Agreement. If the same be not promptly paid by Mortgagor when levied by the State of Florida, Lender may (without obligation to do so) pay the same. All such sums advanced by Lender shall be secured by the lien of the Mortgage. 

13. Consent and Waiver. Mortgagor thereby consents to the foregoing and agrees that the execution of this Agreement shall
in no manner or way whatsoever impair or otherwise adversely affect Mortgagor’s liability to the Lender under the Renewal Note, the Mortgage or any other instrument set forth in the Recitals or herein, all as modified by this Agreement.

  
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 14. Cross Document Default. Any default under the terms and conditions of this
Agreement or of any instrument set forth herein or contemplated by this Agreement shall be and is a default under every other instrument set forth herein or contemplated by this Agreement. 

15. Ratification. Except as modified by this Agreement, Mortgagor hereby ratifies and confirms the continued validity and
viability of all terms, conditions and obligations set forth in the Loan Documents and all other instruments executed in connection with the Renewal Note, all as modified by this Agreement. 

16. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision hereof shall be prohibited or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity only, without invalidating the remainder
of such provision or of the remaining provisions of this Agreement. 
 17. Florida Contract. The Agreement shall
be deemed a Florida contract and shall be construed according to the laws of the State of Florida, regardless of whether this Agreement is executed by certain of the parties hereto in other states. 

18. Binding Effect. This Agreement shall bind the successors and assigns to the parties hereto and constitutes the entire
understanding of the parties, which may not be modified except in writing. 
 19. Counterparts. This Agreement may
be executed in several counterparts, each of which shall be deemed an original. 
 20. WAIVER OF JURY TRIAL. NO
PARTY TO THE MORTGAGE OR ANY ASSIGNEE, SUCCESSOR, HEIR OR PERSONAL REPRESENTATIVE OF A PARTY SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM, OR ANY OTHER LITIGATION PROCEDURE BASED UPON OR ARISING OUT OF THE MORTGAGE, ANY RELATED
AGREEMENT OR INSTRUMENT, ANY OTHER COLLATERAL FOR THE INDEBTEDNESS SECURED HEREBY OR THE DEALINGS OR THE RELATIONSHIP BETWEEN OR AMONG THE PARTIES, OR ANY OF THEM. NO PARTY OR ANY ASSIGNEE, SUCCESSOR, HEIR OR PERSONAL REPRESENTATIVE OF A PARTY SHALL
SEEK TO CONSOLIDATE ANY SUCH ACTION, IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT OR HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY DISCUSSED BY THE PARTIES HERETO, AND THESE
PROVISIONS SHALL BE SUBJECT TO NO EXCEPTIONS. NO PARTY HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED IN ALL INSTANCES. 

  
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 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement and shall be
deemed to have executed such on the day and year first above written. 
  

							
	WITNESSES:	 		 	MORTGAGOR:
			
		 		 	ODYSSEY MARINE EXPLORATION, INC.,
		 		 	a Nevada corporation
				
	  
	 		 	By:	 	  

	Signature of Witness	 		 		 	Michael Holmes,
	  
	 		 		 	as its Chief Financial Officer
	Print or type name of Witness	 		 		 	
	  
	 		 		 	 (CORPORATE SEAL)

	Signature of Witness	 		 		 	
	  
	 		 	
	Print or type name of Witness	 		 		 	

 STATE OF FLORIDA 

COUNTY OF PINELLAS 
 The
foregoing instrument was acknowledged before me this      day of July, 2013, by Michael Holmes, as Chief Financial Officer of ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation, on behalf of the corporation. 

 

									
	  
	 	Personally known	 		 	  

	  
	 	Florida Driver’s License	 		 	Notary Public
	  
	 	Other Identification Produced	 		 	
		 	  
	 		 		 	  

		 	  
	 		 		 	Print or type name of Notary
					
		 		 		 		 	 (SEAL)

 [CONTINUED ON FOLLOWING PAGE] 

  
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 [MORTGAGE AND NOTE MODIFICATION AGREEMENT CONTINUED] 

 

							
	WITNESSES:	 		 	BANK:
			
		 		 	FIFTH THIRD BANK,
		 		 	an Ohio banking corporation
				
	  
	 		 	By:	 	  

	Signature of Witness	 		 		 	Daniel Riley, as its Vice President
	  
	 		 		 	
	Print or type name of Witness	 		 		 	
	  
	 		 		 	
	Signature of Witness	 		 		 	 (CORPORATE SEAL)

	  
	 		 	
	Print or type name of Witness	 		 		 	

 STATE OF FLORIDA 

COUNTY OF PINELLAS 
 The
foregoing instrument was acknowledged before me this      day of July, 2013, by Daniel Riley, as Vice President of FIFTH THIRD BANK, an Ohio banking corporation, on behalf of the Lender. 

 

									
	  
	 	Personally known	 		 	  

	  
	 	Florida Driver’s License	 		 	Notary Public
	  
	 	Other Identification Produced	 		 	
		 	  
	 		 		 	  

		 	  
	 		 		 	Print or type name of Notary
					
		 		 		 		 	 (SEAL)

 ATTACHMENT: 
 EXHIBIT “A” - Legal Description 

  
 7EX-10.27

 EXHIBIT 10.27 
 Execution Version 
 MANAGEMENT SERVICES AGREEMENT 

THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made as of January 4, 2008 by and between Fox Factory,
Inc., a California corporation (the “Company”), and Compass Group Management LLC, a Delaware limited liability company (“Consultant”). 
 RECITALS 
 WHEREAS, the Company is engaged in the business of
designing, manufacturing and marketing high-performance suspension products for mountain bikes, snowmobiles, all-terrain vehicles, motorcycles and off-road automotive vehicles (the “Business”); and 

WHEREAS, the Company desires to retain Consultant to provide, on the terms herein set forth, executive, financial, and managerial
oversight services during the Term (as defined below), and Consultant has capability enabling it to provide such services and is agreeable to providing the same on such terms. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, it is hereby agreed as follows: 
 AGREEMENT 
 1. TERM AND DUTIES. 

(a) For the five year period commencing on the date hereof, unless sooner terminated pursuant to the provisions of Sections 7 or
8 (the “Term”), Consultant shall provide executive, financial, advisory and managerial oversight services to the Company and the Company’s subsidiaries from time to time in relation to their operations, strategic
planning, financial reporting and planning and marketing and sales strategies, and including, without limitation, advisory and oversight services in relation to aligning corporate processes such as planning and budgeting, resource allocation and
incentive compensation with the goals and targets of the Company’s value-creation strategy (the “Services”). A more complete description of the Services is set forth on Schedule A hereto. The nature of the Services
shall be to analyze the performance of the Company’s executive personnel and to assist them in developing and planning the implementation of financing, internal growth and acquisition strategies; however, Consultant will not become involved in
day-to-day operations of the Company. 
 (b) In general, the Services shall be provided by reviewing internal reports and
financial statements and analyses prepared by the executive officers of the Company and advising them as to matters covered by such reports as well as assisting them to formulate financial and corporate growth strategies. If so requested,
appropriate personnel of Consultant will attend all meetings of the Board of Directors. It is understood that the individuals who will provide Services to the Company may be employees of Consultant and will also have duties with and to Consultant,
and that, therefore, none of said individuals will devote their full business time to the business of the Company, but that they will devote thereto only such time as may be necessary from time to time to properly perform their duties. Unless either
party shall have notified the other of its intention not to renew, at least sixty days prior to the expiration of the Term, this Agreement shall automatically renew for successive three year periods. 

 2. DEGREE OF CARE. 

Consultant shall use its best efforts to perform the Services and to cause its personnel to perform the Services hereunder in a
professional manner and with due care, but shall have no liability to the Company for any act or omission except for gross negligence or the willful breach of this Agreement. 
 3. FEES. 
 (a) In full consideration and compensation for the Services to
be furnished by Consultant to the Company and its subsidiaries during the Term, the Company shall pay to Consultant and Consultant shall accept, an annual fee in an amount equal to $500,000, payable in cash in arrears in equal quarterly installments
of $125,000 (each a “Management Fee Payment”) commencing on March 31, 2008 (the first installment thereof to be pro rated from the date of this Agreement through March 31, 2008) and continuing on a calendar quarter basis
until the Termination of this Agreement. Consultant’s fee shall be deferred if Company reasonably anticipates that the payment of such fee would violate any loan agreement or other similar agreement to which the Company is a party and such
violation would cause material harm to the Company. Any amount accrued, payable and/or in arrears shall be paid promptly to Consultant as soon as and to the extent assets are legally available therefor, provided payment thereof is not legally or
contractually restricted or prohibited. 
 (b) Unless full payment in respect of Management Fee Payments for all past periods
and the then current period shall have been paid and a sum sufficient for the payment thereof set apart: (i) no dividend whatsoever (other than a dividend payable solely in capital sock of the Company or other securities and rights convertible
into or entitling the holder thereof to receive, directly or indirectly, additional shares of capital stock of the Company) shall be declared or paid, and no distribution shall be made on, any capital stock, and (ii) no shares of capital stock
shall be redeemed, purchased or otherwise acquired (or pay into or set aside for a sinking fund for such purpose); provided, however, that this restriction shall not apply to the repurchase of shares of capital stock of the Company from employees,
officers, directors, consultants or other persons performing services for the Company or any subsidiary pursuant to agreements under which the Company has the option to repurchase such shares upon the occurrence of certain events, such as the
termination of employment. 
 (c) All payments hereunder shall be in U.S. Dollars and shall be made at the offices of
Consultant, unless otherwise instructed, at least three business days prior to the due date of the payment. 
 4.
EXPENSES. 
 (a) During the Term, the personnel of Consultant assigned to perform duties hereunder will engage in such
travel as may be reasonably required in connection with the performance of those duties. The Company will pay or reimburse all such reasonable expenses upon submission of proper documentation, with due regard to cost savings for the Company’s
benefit. 

  
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 (b) The Company will pay for, or reimburse Consultant for, all equipment and supplies bought
by Consultant and specifically dedicated to the purposes of this Agreement (e.g. computer supplies). Consultant shall not be entitled to reimbursement of incidental expenses (e.g. use of Consultant’s offices) for purposes hereof. 

(c) Consultant will pay all salaries, wages, bonuses, health and other insurance expenses, pension fund payments, payroll taxes and
withholding and the like applicable to its employees furnishing Services hereunder, without the right to reimbursement from the Company. 
 (d) The Company will indemnify, to the fullest extent permitted by law, Consultant and the personnel of Consultant who perform the Services hereunder against any claims which may be made against them by
reason thereof other than claims arising from Consultant’s gross negligence or willful misconduct. 
 5. NON-EXCLUSIVE
DEALING. 
 The Company acknowledges that Consultant is engaged in various other businesses some of which may be competitive
with the Business and that all persons who perform Services hereunder will be full time employees of Consultant and that their primary loyalty is to Consultant. The mere existence of Consultant’s business activities as described above and the
use of such employees to perform Services shall in no way give rise to any liability of Consultant or such employees under this Agreement. 
 6. RELATIONSHIP BETWEEN PARTIES. 
 Consultant and the Company are not
partners or joint venturers, and neither shall have any power or right to incur any liability on behalf of the other party; provided, however, that any of the personnel of Consultant elected as an officer of the Company shall have the power to
obligate the Company in such capacity as an officer, but only to the extent appropriate for such office. Each party shall discharge its own debts and obligations without recourse against the other. 

7. DEFAULTS. 
 (a) The following shall constitute events of default (“Events of Default”) hereunder: 
 (i) The failure of the Company to pay Consultant any sums due to Consultant hereunder within ten days of written demand therefor by Consultant. 

(ii) The failure of either party to perform, keep or fulfill in any material respect any of the other covenants,
undertakings, obligations or conditions set forth in this Agreement or the failure of Consultant to perform the Services in a professional manner and with due care, and the continuance of such default for a period of 30 days after notice of said
default. 

  
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 (b) Upon the occurrence of any Event of Default, the non-defaulting party may give to the
defaulting party notice of the non-defaulting party’s intention to terminate this Agreement specifying the cause therefor (“Termination Notice”). If the defaulting party shall fail to cure the Event of Default before the
expiration of a period of 60 days from the date of such Termination Notice, this Agreement shall terminate. In the case of an Event of Default by the Company, the parties acknowledge that the damages of Consultant would be substantial, but difficult
to compute with accuracy; accordingly, Consultant shall be entitled to receive in cash as an agreed upon amount of liquidated damages an amount equal to two times the annual fee set forth in Section 3(a) hereof. 

(c) The rights granted hereunder shall not be in substitution for, but shall be in addition to, any rights and remedies available to the
non-defaulting party hereunder by reason of applicable provisions of law. 
 8. TERMINATION. 

In addition to termination pursuant to the provisions of Section 7, this Agreement shall terminate without liability of any
party to the other upon the earlier to occur of the following: 
 (a) upon the expiration of the Term; 

(b) at any time upon the written agreement of the Company and Consultant; 

(c) immediately upon the dissolution, bankruptcy or insolvency of the Company; 

(d) upon 30 days’ prior written notice by the Company to Consultant; or; 

(e) upon a Change in Control of the Company. For purposes of this Agreement, a “Change in Control” means the happening
of any of the following: (i) the sale of substantially all of the assets of the Company and its subsidiaries, taken as a whole, that results in the holders of the issued and outstanding voting securities of the Company immediately prior to such
transaction beneficially owning or Controlling less than all or substantially all of the assets of the Company and its subsidiaries, taken as a whole, immediately following such transaction, or (ii) any merger, consolidation, sale of stock or
other business combination that results in the holders of the issued and outstanding voting securities of the Company immediately prior to such transaction beneficially owning or Controlling less than a majority of the voting securities of the
continuing or surviving entity immediately following such transaction; provided that Consultant and any Affiliate of Consultant shall be deemed to be one and the same person for proposes of determining whether a Change in Contract has occurred.
Beneficial ownership of a person shall be determined by reference to Rule 13d-3 of the Exchange Act. The terms “Control” (and any derivation thereof) and “Affiliate” shall have the meanings assigned
thereto in Regulation 12b-2 promulgated under the Exchange Act. 
 9. WAIVER. 

The failure of either party to insist upon a strict performance of any of the terms or provisions of this Agreement or to exercise any
option, right or remedy herein contained, shall not be construed as a waiver or as a relinquishment for the future of such term, provision, option, 

  
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right or remedy, but the same shall continue and remain in full force and effect. No waiver by either party of any term or provision hereof shall be deemed to have been made unless expressed in
writing and signed by such party. In the event of consent by either party to an assignment of this Agreement, no further assignment shall be made without the express consent in writing of such party, unless such assignment may otherwise be made
without such consent pursuant to the terms of this Agreement. In the event that any portion of this Agreement shall be declared invalid by order, decree or judgment of a court of competent jurisdiction, this Agreement shall be construed as if such
portion had not been inserted herein except when such construction would operate as an undue hardship to Consultant or the Company or constitute a substantial deviation from the general intent and purpose of said parties as reflected in this
Agreement. 
 10. ASSIGNMENT. 
 Neither party shall assign or transfer or permit the assignment or transfer of this Agreement, or it rights or obligations hereunder without the prior written consent of the other; provided, however, that
the sale of substantially all the assets of Consultant to, or the merger of Consultant into a single entity or a group of entities under common control, shall not constitute an assignment or transfer for purposes of this Section 10.

 11. INDEMNIFICATION 
 To the fullest extent permitted by law, the Company and its subsidiaries, jointly and severally, agree to indemnify, hold harmless and defend Consultant and its principals, partners, officers, agents and
employees (the “Consultant Group”) from and against any loss, liabilities, costs, expenses, suits, actions, claims and all other obligations and proceedings, including, without limitation all judgments rendered against, and all
fines and penalties imposed upon, the Consultant Group and all attorneys’ fees and any other cost of litigation (“Consultant Damages”) that are in any way related to the Consultant’s performance or obligations under this
Agreement. The Company and its subsidiaries’ obligation to defend and indemnify under this Section will apply regardless of whether the claim arises in tort, negligence, contract, warranty, strict liability or otherwise except for claims that
are proven to be a direct result of the gross negligence or willful misconduct of a member of the Consultant Group. 
 12.
MISCELLANEOUS. 
 (a) Right to Make Agreement. The Company and Consultant each warrant that neither the execution
of this Agreement nor the consummation of the transactions contemplated hereby shall violate any provision of law or judgment, writ, injunction, order or decree of any court or governmental authority having jurisdiction over the Company or
Consultant; result in or constitute a breach under any indenture, contract, other commitment or restriction to which either is a party or by which either is bound; or require any consent, vote or approval which has not been taken, or at the time of
the transaction involved shall not have been given or taken. Each party covenants that it has and will continue to have throughout the term of this Agreement and any extensions thereof, the full right to enter into this Agreement and perform its
obligations hereunder. 

  
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 (b) Offsetting Management Services Agreement. This Agreement shall be an
“Offsetting Management Services Agreement” as such term is defined in that certain Management Services Agreement, originally dated as of May 16, 2006, by and between Consultant and Compass Group Diversified Holdings LLC, as amended
from time to time. 
 (c) Applicable Law; Jurisdiction. This Agreement shall be construed under and shall be governed by
the laws of the State of New York. 
 (d) Notices. Notices, statements and other communications to be given under the
terms of this Agreement shall be in writing and shall be deemed to have been received (i) on the date of delivery if delivered in person or by facsimile copy and confirmed, (ii) on the date received if sent by Federal Express or other
similar overnight delivery service which requires a signed receipt or (iii) upon three days after the date of mailing, if mailed first class by registered or certified mail, return receipt requested, to the party entitled to receive the same at
the following addresses: 
  

			
	 If to the Company:
	 	Fox Factory, Inc.
		 	130 Hangar Way
		 	Watsonville, California 95076
		 	Attention: President and CEO
		
	 If to Consultant:
	 	Compass Group Management LLC
		 	61 Wilton Road, 2nd Floor
		 	Westport, Connecticut 06880
		 	Attention: I. Joseph Massoud

 Any party to receive notices hereunder may change its address for notices by giving notice to the other
parties stating its new address. Commencing on the fifth day after giving such notice, such newly designated address shall be such party’s address for the purpose of all notices, statements or other communications required or permitted to be
given pursuant to this Agreement. 
 (e) Entire Agreement. This Agreement, together with other writings signed by the
parties expressly stated to be supplementing hereto and together with any instruments to be executed and delivered pursuant to this Agreement, constitutes the entire agreement between the parties and supersedes all prior understandings and writings.

 (f) Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall be
deemed one original. 
 [REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
duly authorized officers on the year and day first above written. 
  

			
	FOX FACTORY, INC.
		
	 By:
	 	 /s/ Robert C. Fox, Jr.

	 Name:
	 	 Robert C. Fox, Jr.

	 Its:
	 	 President and Chief Executive Officer

  

			
	COMPASS GROUP MANAGEMENT LLC
		
	 By:
	 	 /s/ Elias J. Sabo

	 Name:
	 	 Elias J. Sabo

	 Its:
	 	 Partner

 [Signature page to Management Services Agreement] 

 Schedule A 
 Services: 
 Board Activities: 

 

	 	1.	To the extent designated to serve as a Board member by the stockholders of the Company, employees of Consultant shall do so at no additional cost (provided that
reimbursement of expenses associated with such Board service will be governed by Section 4 of the Agreement). 

  

	 	2.	To the extent designated to serve as a member of a Board committee by the Board, employees of Consultant shall do so at no additional cost (provided that reimbursement
of expenses associated with such Board service will be governed by Section 4 of the Agreement) 

  

	 	3.	Actively recruit and evaluate new Board members. 

Financial and Budget Planning: 
  

	 	1.	Work with management to establish (and revise, as necessary) budget guidelines for each fiscal year. 

 

	 	2.	Work with management to revise and update cost and revenue drivers and significant assumptions included in the budget for each fiscal year. 

 

	 	3.	Work with management to evaluate the accounting, auditing and tax services provided by the Company’s independent public accountants and, if necessary, identify
replacement services. 

 General Advisory and Oversight: 

 

	 	1.	Continuously review the financial position of the Company and its short-term planning, sales and marketing goals and initiatives. 

 

	 	2.	Provide general advisory and oversight services in connection with resource allocation and capital projects. 

 

	 	3.	Provide general advisory and oversight services in connection with key employee and management incentive compensation. 

Strategic Planning: 
  

	 	1.	Assist management with the continuous review and evaluation of the Company’s long-term strategic plan. 

 

	 	2.	Assist the Company in continuously evaluating the most advantageous capital structure for the Company. 

 

	 	3.	Assess and critique the Company’s business plan and strategically evaluate the optimal position for the Company in the marketplace to maximize value to its
stockholders, including the identification and evaluation of potential acquisition targets and the identification and evaluation of potential acquirers. 

 Information Reporting and Communications: 

 

	 	1.	Work with management, as necessary and appropriate, to facilitate communications between the Company and its Board members, investors and lenders.

  

	 	2.	Continuously assess all information reporting protocols. 

 AMENDMENT OF MANAGEMENT SERVICES AGREEMENT 

This AMENDMENT OF MANAGEMENT SERVICES AGREEMENT (the “Agreement”), is entered into as of October 1, 2009, by and
between Fox Factory, Inc., a California corporation (the “Company”) and Compass Group Management LLC, a Delaware limited liability company (“CGM”). 

RECITALS: 

WHEREAS, the Company and CGM are party to that certain Management Services Agreement dated January 4, 2008 (the
“MSA”); 
 WHEREAS, as a result of the current economic downturn and resulting impact on the Company’s
financial circumstances, the Company and CGM desire to amend certain provisions of the MSA in accordance with the terms of this Agreement. 
 NOW THEREFORE, in consideration of the mutual premises and the respective mutual agreements contained herein, the Company and CGM agree as follows: 

Section 1. Fees. Paragraph 3 of the MSA is hereby amended by added the following Subparagraph (d) to the end of
Paragraph 3: 
 “(d) Notwithstanding anything in this Paragraph 3 to the contrary, the quarterly installment
of the annual fee for the fourth quarter of calendar year 2009 shall be reduced to a total amount of $100.” 

Section 2. Effectiveness of MSA. Except as otherwise provided in this Agreement, the terms and provisions of the MSA remain
in full force and effect. 
 Section 3. Governing Law. This Agreement shall be construed under and shall be governed
by the laws of the State of New York. 
 Section 4. Counterparts. This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 

{remainder of page left intentionally blank; signature page follows} 

 IN WITNESS WHEREOF, the undersigned have executed and delivered this Amendment to
Management Services Agreement as of the date first above written. 
  

					
	 COMPANY:

	
	FOX FACTORY, INC.,
	 a California corporation

			
		 	By:	 	 /s/ Zvi Glasman

		 	Name:	 	 Zvi Glasman

		 	Title:	 	 Chief Financial Officer

	
	CGM:
	
	COMPASS GROUP MANAGEMENT LLC,
	 a Delaware limited liability company

			
		 	By:	 	 /s/ Elias J. Sabo

		 	Name:	 	 Elias J. Sabo

		 	Title:	 	 Partner

 Signature Page 
 Amendment to Management Services Agreement 
 Fox – CGM

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