Document:

Exhibit 10.1

 Exhibit 10.1 

EXECUTION VERSION 

EXECUTIVE EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this 17th day of August 2015, by and between
SeaWorld Entertainment, Inc., a Delaware corporation (the “Company”), and Peter Crage (the “Executive”). 

W I T N E S S E T H : 

WHEREAS, the Company desires to employ Executive and to enter into this Agreement embodying the terms of such employment, and Executive
desires to enter into this Agreement and to be employed by the Company, subject to the terms and provisions of this Agreement. 
 NOW,
THEREFORE, in consideration of the promises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the Company and Executive hereby agree as follows: 

Section 1. Definitions. Capitalized terms not otherwise defined in this Agreement shall have the meaning set forth on
Appendix A, attached hereto. 
 Section 2. Acceptance and Term of Employment. 

(a) The Company agrees to employ Executive, and Executive agrees to serve the Company, on the terms and conditions set forth herein. The Term
of Employment shall commence on September 1, 2015 (the “Commencement Date”) and continue until the third anniversary of the Commencement Date, unless earlier terminated as provided in Section 7 hereof (the “Term of
Employment”); provided that on September 1, 2018 and on each September 1 thereafter (each, an “Extension Date”) the Term of Employment shall be automatically extended for an additional one-year period
unless at least 90 days prior to the next Extension Date, the Company or the Executive delivers a written notice to the other party that the Term of Employment shall not be so extended. 

(b) Company Nonrenewal. The Company may terminate this Agreement (subject to the continued applicability of certain provisions of this
Agreement as provided in Section 22) by delivering to the Executive the written notice of non-renewal as contemplated by Section 2(a) hereof (such termination, a “Company Nonrenewal”). A Company Nonrenewal shall be deemed
to constitute Good Reason as of the date of such notice. Section 7 of this Agreement governs any termination of employment by the Company following a Company Nonrenewal. 

(c) Executive Nonrenewal. The Executive may terminate this Agreement (subject to the continued applicability of certain provisions of
this Agreement as provided in Section 22) by the Executive’s delivery to the Company of the written notice of nonrenewal as contemplated by Section 2(a) hereof (such termination, an “Executive Nonrenewal”). An
Executive Nonrenewal may constitute a voluntary termination of employment by the Executive, if the Executive so specifies in the written notice of nonrenewal. If such voluntary termination by the Executive is for Good Reason, then the nonrenewal
notice shall include the Notice of Termination. 
 (d) Notwithstanding the foregoing and for the avoidance of doubt, if the Executive
continues employment with the Company following the expiration of the Term of Employment (whether due to a Company Nonrenewal or an Executive Nonrenewal), such employment shall constitute “at will” employment and may be terminated at any
time by either party upon written notice and, notwithstanding Section 22 hereof, the provisions of Section 7 shall not apply to such “at-will” employment and no longer be of further force or effect. 

 Section 3. Position, Duties, and Responsibilities; Place of Performance. 

(a) Position, Duties, and Responsibilities. During the Term of Employment, Executive shall be employed and serve as the Chief Financial
Officer of the Company (together with such other position or positions consistent with Executive’s title as the Chief Executive Officer shall reasonably specify from time to time) and shall have such duties and responsibilities commensurate
with such title and as the Chief Executive Officer may reasonably designate from time to time. If requested by the Company, Executive also agrees to serve as an officer and/or director of any other member of the Company Group, in each case without
additional compensation. The Executive shall be based at the Company’s corporate headquarters in Orlando, Florida. 
 (b)
Performance. Executive shall devote his full business time, attention, skill, and best efforts to the performance of his duties under this Agreement and shall not engage in any other business or occupation during the Term of Employment,
including, without limitation, any activity that (x) conflicts with the interests of the Company or any other member of the Company Group, (y) interferes with the proper and efficient performance of Executive’s duties for the Company,
or (z) interferes with Executive’s exercise of judgment in the Company’s best interests. Notwithstanding the foregoing, nothing herein shall preclude Executive from (i) serving as a member of the boards of directors or advisory
boards (or their equivalents in the case of a non-corporate entity) of charitable organizations or, with the prior written consent of the Board following a recommendation from the Nominating and Governance Committee of the Board, of noncompeting
businesses, (ii) engaging in charitable activities and community affairs, and (iii) managing his personal investments and affairs; provided, however, that the activities set out in clauses (i), (ii), and (iii) shall be
limited by Executive so as not to materially interfere, individually or in the aggregate, with the performance of his duties and responsibilities hereunder. 

Section 4. Compensation. 

During the Term of Employment, Executive shall be entitled to the following compensation: 

(a) Base Salary. Executive shall initially be paid an annualized Base Salary, payable in accordance with the regular payroll practices
of the Company, of $450,000. No less frequently than annually, the Executive’s Base Salary shall be reviewed by the Compensation Committee who may (but is not obligated to) adjust such Base Salary in its sole discretion; provided that
Base Salary shall not be decreased. Any such increased Base Salary shall be the Executive’s “Base Salary” for all purposes under this Agreement. 

  
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 (b) Annual Bonus. During the Term of Employment, Executive shall be eligible to
participate in the annual bonus plan adopted by the Company from time to time (the “Annual Bonus Plan”), pursuant to which Executive shall be eligible to receive an annual incentive bonus award for the current fiscal year, and for
each subsequent year during the Term of Employment (the “Annual Bonus”). The target Annual Bonus for each such fiscal year (the “Target Annual Bonus”) shall be not less than 100% of Base Salary, with the actual
Annual Bonus payable under the Annual Bonus Plan being based upon the level of achievement of Company and/or individual performance objectives for such fiscal year, as established by the Compensation Committee and communicated to Executive; provided
that for fiscal year 2015, the target bonus opportunity will be pro-rated based on the Commencement Date and portion of the fiscal year Executive is employed with the Company. The Annual Bonus shall otherwise be subject to the terms and conditions
of the Annual Bonus Plan. Any earned Annual Bonus for a fiscal year shall be paid to the Executive at the same time as annual bonuses are generally payable to other senior executives of the Company, subject to Executive’s continuous employment
through the applicable performance period, but in no event later than the 15th day of the third month following the close of such fiscal year, unless the Executive shall elect to defer the receipt of such Annual Bonus pursuant to an arrangement that
meets the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 
 (c) Annual
Equity Awards. During the Term of Employment, (i) Executive will be eligible to participate in the long-term equity incentive plan(s) adopted by the Company from time to time, including without limitation, under the Company’s 2013
Omnibus Incentive Plan (as applicable, the “Equity Plan”) and (ii) commencing with fiscal year 2016 and for each fiscal year thereafter, the Executive shall be a participant in the Company’s long term equity compensation
program with a long term equity award target value equal to $900,000 (based on grant date fair market value of the Company’s common stock (“Common Stock”) underlying such awards) subject to such vesting and other terms and
conditions as the Compensation Committee shall determine and otherwise, in all respects, subject to the Compensation Committee’s annual compensation review discretion and in accordance with the Company’s Equity Award Grant Policy, in
effect from time to time. 
 (d) Sign-On Restricted Stock Grant. As soon as practicable following the Commencement Date, Executive
shall receive a one-time grant (the “Sign-On Restricted Stock Grant”) of restricted shares of Common Stock with a value on the Commencement Date equal to $2,000,000. The Sign-On Restricted Stock Grant shall vest in four equal annual
(25%) installments over the first four anniversaries of the date of grant, provided the Executive remains employed by the Company through such dates. 

(e) Sign-On Option Grant. As soon as practicable following the Commencement Date, Executive shall receive a one-time grant (the
“Sign-On Option Grant”) of options to acquire shares of Common Stock at an exercise price per share equal to the fair market value of such shares on the date of grant and calculated in accordance with the applicable Equity Plan. The
Sign-On Option Grant shall cover a number of shares of Common Stock resulting in a grant date fair value equal to $500,000 based on a Black-Scholes calculation. The Sign-On Option Grant shall vest in four equal annual (25%) installments over
the first four anniversaries of the date of grant, provided the Executive remains employed by the Company through such dates. 

  
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 Section 5. Employee Benefits; Vacation. 

(a) During the Term of Employment, Executive shall be entitled to participate in health, insurance, retirement, annual leave and time-off, and
other benefits provided generally to similarly situated executive officers of the Company. Executive shall also be entitled to the same number of holidays, vacation days, and sick days, as well as any other benefits, in each case as are generally
allowed to similarly situated executive officers of the Company in accordance with the Company policy as in effect from time to time. Nothing contained herein shall be construed to limit the Company’s ability to amend, suspend, or terminate any
employee benefit plan or policy at any time without providing Executive notice, and the right to do so is expressly reserved. 
 (b)
Notwithstanding anything to the contrary in Section 5(a), during the Term of Employment, Executive shall be entitled to four (4) weeks of annual paid vacation days, which shall accrue and be usable in accordance with Company policy, as in
effect from time to time; provided that for fiscal year 2015, Executive’s annual paid vacation shall be pro-rated based on the Commencement Date and portion of the fiscal year Executive is employed with the Company. 

Section 6. Reimbursement of Expenses. 

(a) Business Expenses. Executive is authorized to incur reasonable business expenses in carrying out his duties and responsibilities
under this Agreement, and the Company shall promptly reimburse him for all such reasonable business expenses, subject to documentation in accordance with the Company’s policies, as in effect from time to time. 

(b) Relocation Expenses. The Company will reimburse Executive for reasonable and documented travel expenses for Executive in accordance
with the Company’s executive relocation policy, in effect from time to time. 
 Section 7. Termination of Employment. 

(a) General. The Term of Employment shall terminate earlier than as provided in Section 2 hereof upon the earliest to occur of
(i) Executive’s death, (ii) a termination by reason of a Disability, (iii) a termination by the Company with or without Cause, and (iv) a termination by Executive with or without Good Reason. Upon any termination of
Executive’s employment for any reason, except as may otherwise be requested by the Company in writing and agreed upon in writing by Executive, Executive shall resign from any and all directorships, committee memberships, and any other positions
Executive holds with the Company or any other member of the Company Group. Notwithstanding anything herein to the contrary, other than the requirements of Section 13 hereof, the payment (or commencement of a series of payments) hereunder of any
nonqualified deferred compensation (within the meaning of Section 409A of the Code) upon a termination of employment shall be delayed until such time as Executive has also undergone a “separation from service” as defined in Treas.
Reg. 1.409A-1(h), at which time such nonqualified deferred compensation (calculated as of the date of Executive’s termination of employment hereunder) shall be paid (or commence to be paid) to Executive on the schedule set forth in this
Section 7 as if Executive had undergone such termination of employment (under the same circumstances) on the date of his ultimate “separation from service.” 

  
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 (b) Termination Due to Death or Disability. Executive’s employment shall terminate
automatically upon his death. The Company may terminate Executive’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s receipt of written notice of such termination. Upon
Executive’s death or in the event that Executive’s employment is terminated due to his Disability, Executive or his estate or his beneficiaries, as the case may be, shall be entitled to 

(i) The Accrued Obligations; 

(ii) Full accelerated vesting and immediate lapse of restrictions on the Sign-On Restricted Stock Grant; and 

(iii) Pro-rated accelerated vesting of the next (25%) installment of the Sign-On Options that was scheduled to vest on the
next vesting date immediately following Executive’s termination due to death or Disability, based on a fraction (x) the numerator of which is equal to the number of completed months that have elapsed in the one-year period ending on such
next vesting date through and including the date of such termination and (y) the denominator of which is equal to 12. 
 Following
Executive’s death or a termination of Executive’s employment by reason of a Disability, except as set forth in this Section 7(b), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

 (c) Termination by the Company for Cause. 

(i) The Company may terminate Executive’s employment at any time for Cause, effective upon Executive’s receipt of
written notice of such termination; provided, however, that with respect to any Cause termination relying on clauses (i), (ii), (vi) or (vii) of the definition of Cause, to the extent that such act or acts or failure or
failures to act are curable, Executive shall be given not less than fifteen (15) days’ written notice by the Board of the Company’s intention to terminate him for Cause, such notice to state in detail the particular act or acts or
failure or failures to act that constitute the grounds on which the proposed termination for Cause is based, and such termination shall be effective at the expiration of such fifteen (15) day notice period unless Executive has fully cured such
act or acts or failure or failures to act that give rise to Cause during such period. 
 (ii) In the event that the Company
terminates Executive’s employment for Cause, he shall be entitled only to the Accrued Obligations. Following such termination of Executive’s employment for Cause, except as set forth in this Section 7(c)(ii), Executive shall have no
further rights to any compensation or any other benefits under this Agreement. 
 (d) Termination by the Company without Cause. The
Company may terminate Executive’s employment at any time without Cause, effective upon Executive’s receipt 

  
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of written notice of such termination. In the event that Executive’s employment is terminated by the Company without Cause (other than due to death or Disability), Executive shall be
entitled to: 
 (i) The Accrued Obligations; 

(ii) An amount equal to the Severance Factor multiplied by the sum of (x) Base Salary and (y) the Target Annual
Bonus, such amount to be paid in a lump sum within 15 days following the date of termination; 
 (iii) Full accelerated
vesting and immediate lapse of restrictions on each of the Sign-On Restricted Stock Grant and Sign-On Option Grant; and 

(iv) Subject to Executive’s election of COBRA continuation coverage under the Company’s group health plan, payment,
on the first regularly scheduled payroll date of each month during the Severance Term, of an amount equal to the difference between the monthly COBRA premium cost and the monthly contribution paid by active employees for the same coverage;
provided, that the payments described in this clause (iv) shall cease earlier than the expiration of the Severance Term in the event that Executive becomes eligible to receive any health benefits as a result of subsequent employment or
service during the Severance Term. 
 Notwithstanding the foregoing, the payments and benefits described in clauses (ii), (iii) and (iv) above
shall immediately terminate, and the Company shall have no further obligations to Executive with respect thereto, in the event that Executive breaches any provision of the Restrictive Covenants contained in Appendix B attached hereto.
Following such termination of Executive’s employment by the Company without Cause, except as set forth in this Section 7(d), Executive shall have no further rights to any compensation or any other benefits under this Agreement. For the
avoidance of doubt, Executive’s sole and exclusive remedy upon a termination of employment by the Company without Cause shall be receipt of the Severance Benefits. 

(e) Termination by Executive with Good Reason. Executive may terminate his employment with Good Reason by providing the Company fifteen
(15) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the Executive’s knowledge
(whether actual or constructive, including, without limitation, knowledge that Executive would have reasonably obtained after making due and appropriate inquiry) of such event. During such fifteen (15) day notice period, the Company shall have
a cure right (if curable), and if not cured within such period, Executive’s termination will be effective upon the expiration of such cure period, and Executive shall be entitled to the same payments and benefits as provided in
Section 7(d) hereof for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 7(d) hereof. Following such termination of Executive’s employment by Executive with
Good Reason, except as set forth in this Section 7(e) and Section 15, Executive shall have no further rights to any compensation or any other benefits under this Agreement. For the avoidance of doubt, Executive’s sole and exclusive
remedy upon a termination of employment with Good Reason shall be receipt of the Severance Benefits. 

  
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 (f) Termination by Executive without Good Reason. Executive may terminate his employment
without Good Reason by providing the Company thirty (30) days’ written notice of such termination. In the event of a termination of employment by Executive under this Section 7(f), Executive shall be entitled only to the Accrued
Obligations. In the event of termination of Executive’s employment under this Section 7(f), the Company may, in its sole and absolute discretion, by written notice accelerate such date of termination without changing the characterization
of such termination as a termination by Executive without Good Reason. Following such termination of Executive’s employment by Executive without Good Reason, except as set forth in this Section 7(f), Executive shall have no further rights
to any compensation or any other benefits under this Agreement. 
 (g) Release. Notwithstanding any provision herein to the contrary,
the payment of any amount or provision of any benefit pursuant to subsection (d) or (e) of this Section 7 (other than the Accrued Obligations) (collectively, the “Severance Benefits”) shall be conditioned upon
Executive’s execution, delivery to the Company, and non-revocation of the Release of Claims (and the expiration of any revocation period contained in such Release of Claims) within sixty (60) days following the date of Executive’s
termination of employment hereunder. If Executive fails to execute the Release of Claims in such a timely manner so as to permit any revocation period to expire prior to the end of such sixty (60) day period, or timely revokes his acceptance of
such release following its execution, Executive shall not be entitled to any of the Severance Benefits. Further, to the extent that any of the Severance Benefits constitutes “nonqualified deferred compensation” for purposes of
Section 409A of the Code, any payment of any amount or provision of any benefit otherwise scheduled to occur prior to the sixtieth (60th) day following the date of Executive’s
termination of employment hereunder, but for the condition on executing the Release of Claims as set forth herein, shall not be made until the first regularly scheduled payroll date following such sixtieth (60th) day, after which any remaining Severance Benefits shall thereafter be provided to Executive according to the applicable schedule set forth herein. 

(h) Notice of Termination. Any written notice of termination given under Section 7 of this Agreement shall be provided to the
other party in accordance with Section 19 of this Agreement. In addition, any written notice pertaining to a termination by the Company for Cause or by Executive for Good Reason shall meet the requirements of a Notice of Termination (as defined
in this paragraph). For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) the Date of Termination (as defined below). 

(i) Date of Termination. “Date of Termination” means (i) if the Executive’s employment is terminated by the
Company for Cause, the date of expiration of the cure period set forth in Section 7(c), (ii) if the Executive’s employment is terminated by the Executive for Good Reason, the date of expiration of the cure period specified in
Section 7(e), (iii) if the Executive’s employment is terminated by the Company other than for Cause or Disability, the 

  
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date on which the Company notifies the Executive of such termination or such later date specified by the Company, (iv) if the Executive voluntarily resigns without Good Reason, the date at
least thirty (30) days after the Executive notifies the Company, subject to the Company’s right to accelerate such date of termination without changing the characterization of such termination as a termination by the Executive without Good
Reason as provided in Section 7(f), (v) if the Executive’s employment is terminated by reason of death, the date of death of the Executive, or (vi) if the Executive’s employment is terminated by the Company due to
Disability, the date specified by the Company. 
 Section 8. Certain Payments. 

(a) In the event that any payment or benefit received or to be received by the Executive pursuant to this Agreement or otherwise
(“Payments”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this section, be
subject to the excise tax imposed by Section 4999 of the Code, any successor provisions, or any comparable federal, state, local or foreign excise tax (“Excise Tax”), then, subject to the provisions of this Section 8, such
Payments shall be either (A) provided in full pursuant to the terms of this Agreement or any other applicable agreement, or (B) provided as to such lesser extent which would result in no portion of such Payments being subject to the Excise
Tax (“Reduced Amount”), whichever of the foregoing amounts, taking into account the applicable federal, state, local and foreign income, employment and other taxes and the Excise Tax (including, without limitation, any interest or
penalties on such taxes), results in the receipt by the Executive, on an after-tax basis, of the greatest amount of payments and benefits provided for hereunder or otherwise, notwithstanding that all or some portion of such Payments may be subject
to the Excise Tax. 
 (b) Unless the Company and the Executive otherwise agree in writing, any determination required under this
Section 8 shall be made by an independent advisor designated by the Company and reasonably acceptable to the Executive (“Independent Advisor”), whose determination shall be conclusive and binding upon the Executive and the
Company for all purposes. For purposes of making the calculations required under this Section, Independent Advisor may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations
concerning the application of Sections 280G and 4999 of the Code; provided that Independent Advisor shall assume that the Executive pays all taxes at the highest marginal rate. The Company and the Executive shall furnish to Independent Advisor such
information and documents as Independent Advisor may reasonably request in order to make a determination under this Section. The Company shall bear all costs that Independent Advisor may incur in connection with any calculations contemplated by this
Section. The reduction of the Payments payable hereunder, if applicable, shall be made by first reducing the cash payments under Section 7(d)(ii) and then by reducing any other Payments in a manner determined by the Company, in consultation
with the Executive. 
 (c) If, notwithstanding any reduction described in Section 8 (or in the absence of any such reduction), the
Internal Revenue Service (“IRS”) determines that the Executive is liable for the Excise Tax as a result of the receipt of one or more Payments, then the Executive shall be obligated to surrender or pay back to the Company, within
120 days after a final IRS determination, an amount of such payments or benefits equal to the “Repayment Amount.” The 

  
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Repayment Amount with respect to such Payments shall be the smallest such amount, if any, as shall be required to be surrendered or paid to the Company so that the Executive’s net proceeds
with respect to such Payments (after taking into account the payment of the excise tax imposed on such Payments) shall be maximized. Notwithstanding the foregoing, the Repayment Amount with respect to such Payments shall be zero if a Repayment
Amount of more than zero would not eliminate the Excise Tax imposed on such Payments or if a Repayment Amount of more than zero would not maximize the net amount received by the Executive from the Payments. If the Excise Tax is not eliminated
pursuant to this Section 8, the Executive shall pay the Excise Tax. 
 Section 9. Restrictive Covenants. 

Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company Group and accordingly agrees, as a
condition of Executive’s continued employment with the Company, to be bound by and comply with the Restrictive Covenants contained in Appendix B attached hereto and incorporated by reference herein. Executive acknowledges and agrees that
the Company’s remedies at law for a breach or threatened breach of any of the provisions of Section 1 of Appendix B (or a material breach or material threatened breach of any of the provisions of Section 2 of Appendix B
of this Agreement) would be inadequate and the Company would suffer irreparable damages as a result of such breach or threatened breach. In recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach, in
addition to any remedies at law and in addition to cessation of payments described in the last paragraph of Section 7(d), the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance,
temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. Any action for by the Company for equitable relief shall be brought exclusively in the courts of the State of Florida, and the
parties hereto irrevocably agree to submit to the jurisdiction and venue of the courts of the State of Florida for any such action or proceeding. For the avoidance of doubt, the Restrictive Covenants contained in Appendix B shall be in
addition to, and not in lieu of, any other similar restrictive covenants contained in any other agreement between Executive and any member of the Company Group. 

Section 10. Representations and Warranties of Executive. 

Executive represents and warrants to the Company that: 

(a) Executive has had the opportunity to consult with, and is represented by, his own tax and legal advisor(s) in connection with the
negotiation and preparation of this Agreement; 
 (b) Executive is entering into this Agreement voluntarily and that his employment
hereunder and compliance with the terms and conditions hereof will not conflict with or result in the breach by him of any agreement to which he is a party or by which he may be bound; 

(c) Executive has not violated, and in connection with his employment with the Company will not violate, any non-solicitation,
non-competition, or other similar covenant or agreement of a prior employer by which he is or may be bound; and 
 (d) in connection with
his employment with the Company, Executive will not use any confidential or proprietary information he may have obtained in connection with employment with any prior employer. 

  
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 Section 11. Taxes.  

The Company may withhold from any payments made under this Agreement all applicable taxes, including but not limited to income, employment,
and social insurance taxes, as shall be required by law. Executive acknowledges and represents that the Company has not provided any tax advice to him in connection with this Agreement and that he has been advised by the Company to seek tax advice
from his own tax advisors regarding this Agreement and payments that may be made to him pursuant to this Agreement, including specifically, the application of the provisions of Section 409A of the Code to such payments. 

Section 12. Set Off; Mitigation. 

The Company’s obligation to pay Executive the amounts provided and to make the arrangements provided hereunder shall not be subject to
set-off, counterclaim, or recoupment of amounts owed by Executive to the Company or its affiliates. Executive shall not be required to mitigate the amount of any payment provided pursuant to this Agreement by seeking other employment or otherwise,
and except as provided in Section 7(d)(iv) hereof, the amount of any payment provided for pursuant to this Agreement shall not be reduced by any compensation earned as a result of Executive’s other employment or otherwise. 

Section 13. Additional Section 409A Provisions. 

Notwithstanding any provision in this Agreement to the contrary: 

(a) Any payment otherwise required to be made hereunder to Executive at any date as a result of the termination of Executive’s employment
shall be delayed for such period of time as may be necessary to meet the requirements of Section 409A(a)(2)(B)(i) of the Code (the “Delay Period”). On the first business day following the expiration of the Delay Period,
Executive shall be paid, in a single cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the preceding sentence, and any remaining payments not so delayed shall continue to be paid pursuant to the payment
schedule set forth herein. 
 (b) Each payment in a series of payments hereunder shall be deemed to be a separate payment for purposes of
Section 409A of the Code. 
 (c) To the extent that any right to reimbursement of expenses or payment of any benefit in-kind under this
Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A of the Code), (i) any such expense reimbursement shall be made by the Company no later than the last day of the taxable year following the taxable
year in which such expense was incurred by Executive, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (iii) the amount of expenses eligible for reimbursement or
in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing clause shall not be violated with regard to
expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the arrangement is in effect. 

(d) While the payments and benefits provided hereunder are intended to be structured in a manner to avoid the implication of any penalty taxes
under Section 409A of the Code, in no event whatsoever shall any member of the Company Group be liable for any additional tax, interest, or penalties that may be imposed on Executive as a result of Section 409A of the Code or any damages
for failing to comply with Section 409A of the Code (other than for withholding obligations or other obligations applicable to employers, if any, under Section 409A of the Code). If any provision of this Agreement (or of any award of
compensation, including equity compensation or benefits) would cause Executive to incur any additional tax or interest under Section 409A of the Code, the Company shall, after consulting with and receiving the approval of Executive, reform such
provision in a manner intended to avoid the incurrence by Executive of any such additional tax or interest. 

  
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 Section 14. Successors and Assigns; No Third-Party Beneficiaries. 

(a) The Company. This Agreement shall inure to the benefit of the Company and its respective successors and assigns. Neither this
Agreement nor any of the rights, obligations, or interests arising hereunder may be assigned by the Company to a Person (other than another member of the Company Group, or its or their respective successors) without Executive’s prior written
consent (which shall not be unreasonably withheld, delayed, or conditioned); provided, however, that in the event of a sale of all or substantially all of the assets of the Company or any direct or indirect division or subsidiary
thereof to which Executive’s employment primarily relates, the Company may provide that this Agreement will be assigned to, and assumed by, the acquiror of such assets, division or subsidiary, as applicable, without Executive’s consent.

 (b) Executive. Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment
or otherwise, without the prior written consent of the Company; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to
Executive’s devisee, legatee, or other designee, or if there be no such designee, to Executive’s estate. 
 (c) No Third-Party
Beneficiaries. Except as otherwise set forth in Section 7(b) or Section 14(b) hereof, nothing expressed or referred to in this Agreement will be construed to give any Person other than the Company, the other members of the Company
Group, and Executive any legal or equitable right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. 

Section 15. Disputes; Arbitration. 

Subject to the Company’s right to seek equitable relief for any violations of the Restrictive Covenants contained in Appendix B
(as set forth in Section 9), any dispute or controversy arising under or in connection with this Agreement or Executive’s employment with the Company shall be settled exclusively through the Company’s Dispute Resolution Program that
is in effect from time to time and which includes final and binding arbitration of covered claims. 

  
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 Section 16. Waiver and Amendments. 

Any waiver, alteration, amendment, or modification of any of the terms of this Agreement shall be valid only if made in writing and signed by
each of the parties hereto; provided, however, that any such waiver, alteration, amendment, or modification must be consented to on the Company’s behalf by the Compensation Committee and the Board. No waiver by either of the
parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to any subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing waiver. 

Section 17. Severability. 

If any covenants or such other provisions of this Agreement are found to be invalid or unenforceable by a final determination of a court of
competent jurisdiction, (a) the remaining terms and provisions hereof shall be unimpaired, and (b) the invalid or unenforceable term or provision hereof shall be deemed replaced by a term or provision that is valid and enforceable and that
comes closest to expressing the intention of the invalid or unenforceable term or provision hereof. 
 Section 18. Governing Law;
Waiver of Jury Trial. 
 THIS AGREEMENT IS GOVERNED BY AND IS TO BE CONSTRUED UNDER THE LAWS OF THE STATE OF FLORIDA WITHOUT GIVING
EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAWS. THIS AGREEMENT CONTAINS A BINDING ARBITRATION CLAUSE. EACH PARTY TO THIS AGREEMENT ALSO HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY SUIT, ACTION, OR PROCEEDING UNDER OR IN CONNECTION
WITH THIS AGREEMENT. 
 Section 19. Notices. 

(a) Place of Delivery. Every notice or other communication relating to this Agreement shall be in writing, and shall be mailed to or
delivered to the party for whom or which it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other party as herein provided; provided, that unless and until some other address be
so designated, all notices and communications by Executive to the Company shall be mailed or delivered to the Company at its principal executive office to the attention of the General Counsel, and all notices and communications by the Company to
Executive may be given to Executive personally or may be mailed to Executive at Executive’s last known address, as reflected in the Company’s records. 

(b) Date of Delivery. Any notice so addressed shall be deemed to be given (i) if delivered by hand, on the date of such delivery,
(ii) if mailed by courier or by overnight mail, on the first business day following the date of such mailing, and (iii) if mailed by registered or certified mail, on the third business day after the date of such mailing. 

  
 -12- 

 Section 20. Section Headings. 

The headings of the sections and subsections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part
thereof or affect the meaning or interpretation of this Agreement or of any term or provision hereof. 
 Section 21. Entire
Agreement. 
 This Agreement, together with any exhibits and appendices attached hereto and any equity award grants referenced herein to
be made by the Company to the Executive, constitutes the entire understanding and agreement of the parties hereto regarding the employment of Executive. This Agreement supersedes all prior negotiations, discussions, correspondence, communications,
understandings, and agreements between the parties relating to the subject matter of this Agreement. 
 Section 22. Survival of
Operative Sections. 
 Upon any termination of Executive’s employment, the provisions of Section 7 through Section 22 of
this Agreement (together with any related definitions set forth in Section 1 hereof) shall survive to the extent necessary to give effect to the provisions thereof. 

Section 23. Counterparts. 

This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together shall
constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature. 
 Section 24.
Background Check. 
 Notwithstanding anything to the contrary in this Agreement, Executive shall not become employed by the Company if
Executive fails the Company’s background check of the Executive or the pre-employment substance test and this Agreement shall be terminated. 

*        *        * 

[Signatures to appear on the following page.] 

  
 -13- 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written. 
  

			
	SEAWORLD ENTERTAINMENT, INC.
	
	 /s/ G. Anthony (Tony) Taylor

	By:	 	G. Anthony (Tony) Taylor
	Title:	 	Chief Legal and Corporate Affairs Officer, General Counsel and Corporate Secretary
	
	EXECUTIVE
	
	 /s/ Peter Crage

	PETER CRAGE

 APPENDIX A 

Definitions 
 (a)
“Accrued Obligations” shall mean (i) all accrued but unpaid Base Salary through the date of termination of Executive’s employment, (ii) any accrued but unpaid Annual Bonus that is required to be paid in accordance
with the terms of the Annual Bonus Plan, (iii) any unpaid or unreimbursed expenses incurred in accordance with Section 6 hereof, and (iv) any benefits provided under the Company’s employee benefit plans or any incentive plans
upon a termination of employment, including rights with respect to Company equity (or equity derivatives), in accordance with the terms contained therein. 

(b) “Agreement” shall have the meaning set forth in the preamble hereto. 

(c) “Annual Bonus” shall have the meaning set forth in Section 4(b) hereof. 

(d) “Base Salary” shall mean the salary provided for in Section 4(a) hereof. 

(e) “Board” shall mean the Board of Directors of the Company. 

(f) “Cause” shall mean (i) Executive’s act(s) of gross negligence or willful misconduct in the course of
Executive’s employment hereunder, (ii) willful failure or refusal by Executive (or Executive’s inability, as a result of circumstances described in clause (v) of this definition) to perform in any material respect his duties or
responsibilities, (iii) misappropriation (or attempted misappropriation) by Executive of any assets or business opportunities of the Company or any other member of the Company Group, (iv) embezzlement or fraud committed (or attempted) by
Executive, or at his direction, (v) Executive’s conviction of, indictment for, or pleading “guilty” or “no contest” to, (x) a felony or (y) any other criminal charge involving moral turpitude or financial
dishonesty that has, or could be reasonably expected to have, an adverse impact on the performance of Executive’s duties to the Company or any other member of the Company Group or otherwise result in injury to the reputation or business of the
Company or any other member of the Company Group, (vi) any violation by Executive of the policies of the Company, including but not limited to those relating to sexual harassment or business conduct, and those otherwise set forth in the manuals
or statements of policy of the Company, which causes material harm to the Company, or (vii) Executive’s material breach of this Agreement or breach of the Restrictive Covenants contained in Appendix B or any other similar
restrictive covenants contained in any other agreement between Executive and any member of the Company Group; provided, that, for the avoidance of doubt, the adverse performance of the Company alone (other than as a result of, arising out of
or in connection with circumstances described in clauses (i) through (vii), inclusive, of this definition) shall not constitute grounds for a termination of Executive’s employment for Cause. 

 For purposes of this Section (f), no act or failure to act by the Executive shall be considered
“willful” unless it is done, or omitted to be done, in bad faith and without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any action or inaction of the Executive taken in reliance
on the advice of the Company’s legal counsel shall be considered to have been taken or not taken in good faith, and not in bad faith. 

(g) “Change in Control” shall have the meaning assigned to such term in the SeaWorld Entertainment, Inc. 2013 Omnibus
Incentive Plan, as amended from time to time (or any successor plan). 
 (h) “Code” shall mean the Internal Revenue Code of
1986, as amended, and the rules and regulations promulgated thereunder. 
 (i) “Company” shall have the meaning set forth
in the preamble hereto. 
 (j) “Company Group” shall mean the Company together with any of its direct or indirect
subsidiaries. 
 (k) “Company Nonrenewal” shall have the meaning set forth in Section 2(b) hereof. 

(l) “Compensation Committee” shall mean the committee of the Board designated to make compensation decisions relating to
senior executive officers of the Company Group. 
 (m) “Delay Period” shall have the meaning set forth in Section 13
hereof. 
 (n) “Disability” shall mean any physical or mental disability or infirmity of Executive that prevents, with
reasonable accommodation to the extent required by applicable law, the performance of Executive’s duties for a period of (i) one hundred twenty (120) consecutive days or (ii) one hundred eighty (180) non-consecutive days
during any twelve (12) month period. Any question as to the existence, extent, or potentiality of Executive’s Disability upon which Executive and the Company cannot agree shall be determined by a qualified, independent physician selected
by the Company and approved by Executive (which approval shall not be unreasonably withheld). If Executive is unable to make such approval, then such approval shall be made by Executive’s legal representative, or if there is no legal
representative, then by an adult member of Executive’s immediate family. The determination of any such physician shall be final and conclusive for all purposes of this Agreement. 

(o) “Executive” shall have the meaning set forth in the preamble hereto. 

(p) “Executive Nonrenewal” shall have the meaning set forth in Section 2(c) hereof. 

(q) “Excise Tax” shall have the meaning set forth in Section 8 hereto. 

(r) “Good Reason” shall mean, without Executive’s consent, (i) a material diminution in Executive’s title,
duties, or responsibilities as set forth in Section 3 hereof, (ii) a 

  
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material reduction in Base Salary set forth in Section 4(a) hereof or Target Annual Bonus opportunity set forth in Section 4(b) hereof (other than pursuant to an across-the-board
reduction applicable to all similarly situated executives), (iii) the relocation of Executive’s principal place of employment by more than fifty (50) miles from the Company’s headquarters in Orlando, Florida, or (iv) any
other material breach of a provision of this Agreement by the Company (other than a provision that is covered by clause (i), (ii), or (iii) above). Executive acknowledges and agrees that his exclusive remedy in the event of any breach of this
Agreement shall be to assert Good Reason pursuant to the terms and conditions of Section 7(e) hereof. Notwithstanding the foregoing, during the Term of Employment, in the event that the Board reasonably believes that Executive may have engaged
in conduct that could constitute Cause hereunder, the Board may, in its sole and absolute discretion, suspend Executive from performing his duties hereunder, and in no event shall any such suspension constitute an event pursuant to which Executive
may terminate employment with Good Reason or otherwise constitute a breach hereunder; provided, that no such suspension shall alter the Company’s obligations under this Agreement during such period of suspension. 

(s) “Independent Advisor” shall have the meaning set forth in Section 8 hereto. 

(t) “IRS” shall have the meaning set forth in Section 8 hereto. 

(u) “Notice of Termination” shall have the meaning set forth in Section 7(h) hereto. 

(v) “Payments” shall have the meaning set forth in Section 8 hereto. 

(w) “Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust (charitable or non-charitable), unincorporated organization, or other form of business entity. 

(x) “Reduced Amount” shall have the meaning set forth in Section 8 hereto. 

(y) “Release of Claims” shall mean the Release of Claims in substantially the same form attached hereto as
Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel). 
 (z) “Repayment
Amount” shall have the meaning set forth in Section 8 hereto. 
 (aa) “Restrictive Covenants” shall mean the
restrictive covenants contained in Appendix B attached hereto. 
 (bb) “Severance Benefits” shall have the meaning
set forth in Section 7(g) hereof. 

  
 -3- 

 (cc) “Severance Factor” shall mean, during the Term of Employment (including any
mutually agreed extension of such Term of Employment): 
 (i) in the case of a termination of Executive’s employment by
the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason, in either case, (A) on or prior to the third anniversary of the Commencement Date or (B) during the twelve (12) month period
immediately following the occurrence of a Change in Control, 2.0, and 
 (ii) in the case of any other termination of
Executive’s employment by the Company without Cause (other than death or Disability) or by Executive for Good Reason not described in the preceding clause (i) of this definition, 1.0. 

(dd) “Severance Term” shall mean the number of months following Executive’s termination by the Company without Cause
(other than by reason of death or Disability) or by Executive for Good Reason equal to the product of (i) the Severance Factor multiplied by (ii) twelve (12) months. 

(ee) “Target Annual Bonus” shall have the meaning set forth in 4(b) hereof. 

(ff) “Term of Employment” shall mean the period specified in Section 2 hereof. 

  
 -4- 

 APPENDIX B 

Restrictive Covenants 
 1.
Non-Competition; Non-Solicitation. 
 (a) Executive acknowledges and recognizes the highly competitive nature of the businesses of
the Company and its affiliates and accordingly agrees as follows: 
 (i) During Executive’s employment with the Company
or its subsidiaries (the “Employment Term”) and for a period of the greater of (x) one year following the date Executive ceases to be employed by the Company or its subsidiaries and (y) the Severance Term (the
“Restricted Period”), Executive will not, whether on Executive’s own behalf or on behalf of or in conjunction with any person, firm, partnership, joint venture, association, corporation or other business organization, entity or
enterprise whatsoever (“Person”), directly or indirectly solicit or assist in soliciting in competition with the Restricted Group in the Business, the business of any then current or prospective client or customer with whom
Executive (or his direct reports) had personal contact or dealings on behalf of the Company during the one-year period preceding Executive’s termination of employment. 

(ii) During the Restricted Period, Executive will not directly or indirectly: 

(A) engage in the Business in any geographical area that is within 100 miles of any geographical area where the Restricted
Group engages in the Business, including the greater metropolitan areas of Orlando, Florida, San Diego, California, San Antonio, Texas, Williamsburg, Virginia and Philadelphia/Langhorne, Pennsylvania; 

(B) enter the employ of, or render any services to, a Core Competitor, except where such employment or services do not relate
in any manner to the Business; 
 (C) acquire a financial interest in, or otherwise become actively involved with, any Person
engaged in the Business, directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant; or 

(D) intentionally and adversely interfere with, or attempt to adversely interfere with, business relationships between the
members of the Restricted Group and any of their clients, customers, suppliers, partners, members, or investors. 
 (iii)
Notwithstanding anything to the contrary in this Appendix B, Executive may, directly or indirectly own, solely as an investment, securities of any Person engaged in a Business (including, without limitation, a Core Competitor) which are publicly
traded on a national or regional stock exchange or on the over-the-counter market if Executive (i) is not a controlling person of, or a member of a group which controls, such person and (ii) does not, directly or indirectly, own 2% or more
of any class of securities of such Person. 

 (iv) During the Employment Term and for a period of the greater of (x) two
years from the date Executive ceases to be employed by the Company or its subsidiaries and (y) the Severance Term, Executive will not, whether on Executive’s own behalf or on behalf of or in conjunction with any Person, directly or
indirectly: 
 (A) solicit or encourage any employee of the Restricted Group to leave the employment of the Restricted Group;

 (B) hire any Senior Employee who was employed by the Restricted Group as of the date of Executive’s termination of
employment with the Company or who left the employment of the Restricted Group coincident with, or within one year prior to or after, the termination of Executive’s employment with the Company; or 

(C) encourage any material consultant of the Restricted Group to cease working with the Restricted Group. 

(v) For purposes of this Appendix B: 

(A) “Restricted Group” shall mean, collectively, the Company and its subsidiaries and, to the extent engaged
in the Business, their respective affiliates. 
 (B) “Business” shall mean the entertainment and theme park
business. 
 (C) “Core Competitor” shall mean Walt Disney Parks and Resorts, Universal Studios, Six Flags,
Inc., Cedar Fair Entertainment Company and Merlin Entertainments Group Ltd., Herschend Family Entertainment and each of their respective affiliates. 

(D) “Senior Employee” shall mean any employee of the Company or any of its subsidiaries with the title of Vice
President or above. 
 (b) Non-Disparagement. Executive will not at any time (whether during or after Executive’s Employment
Term) make public statements or public comments intended to be (or having the effect of being) of defamatory or disparaging nature regarding (including, without limitation, any statements or comments, whether in person, radio, television, film,
social media or otherwise, that are (i) likely to be harmful to the business, business reputation or personal reputation of and (ii) for, on behalf of or in association with any trade, industry, activist or other advocacy group that has,
at any time, made adverse or critical statements in relation to) the Company or any of its subsidiaries or affiliates or any of their respective businesses, shareholders, members, partners, employees, agents, officers, directors or contractors (it
being understood that comments made in Executive’s good faith performance of his duties hereunder shall not be deemed disparaging or defamatory for purposes of this paragraph). The Company (via any official statement) shall not, and shall
instruct its officers and directors to not, at any time make any public statements or public release which is intended to be (or having the effect of being) of defamatory or disparaging nature regarding Executive’s reputation in the business

  
 -2- 

 
community (it being understood that comments made by the Company in the good faith and in ordinary course of business shall not be deemed disparaging or defamatory for purposes of this
paragraph). Notwithstanding anything in this Section 1(b), either the Executive or the Company (including its officers and directors) shall be permitted to (x) provide a reasonable and truthful response to or statement to defend itself or
him/herself against any public statement made by the Company or the Executive, as applicable, that is incorrect or disparages such person, to the extent necessary to correct or refute such public statement and (y) provide truthful testimony in
any legal proceeding or process. 
 (c) It is expressly understood and agreed that although Executive and the Company consider the
restrictions contained in this Section 1 to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Appendix B is an unenforceable
restriction against Executive, the provisions of this Appendix B shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to
be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Appendix B is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the
enforceability of any of the other restrictions contained herein. 
 (d) The period of time during which the provisions of this
Section 1 shall be in effect shall be extended by the length of time during which Executive is in breach of the terms hereof as determined by any court of competent jurisdiction on the Company’s application for injunctive relief. 

(e) The provisions of Section 1 hereof shall survive the termination of Executive’s employment for any reason, including but not
limited to, any termination other than for Cause (except as otherwise set forth in Section 1 hereof). 
 2. Confidentiality;
Intellectual Property. 
 (a) Confidentiality. 

(i) Executive will not at any time (whether during or after Executive’s Employment Term) (x) retain or use for the
benefit, purposes or account of Executive or any other Person; or (y) disclose, divulge, reveal, communicate, share, transfer or provide access to any Person outside the Company (other than its professional advisers who are bound by
confidentiality obligations or otherwise in performance of Executive’s duties under Executive’s employment and pursuant to customary industry practice), any non-public, proprietary or confidential information — including without
limitation trade secrets, know-how, research and development, software, databases, inventions, processes, formulae, technology, designs and other intellectual property, information concerning finances, investments, profits, pricing, costs, products,
services, vendors, customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales, marketing, promotions, government and regulatory activities and approvals, safety, zoological and/or animal training or
care practices, protocols, policies or procedures — concerning the past, current or future business, activities and operations of the Company, 

  
 -3- 

 
its subsidiaries or affiliates and/or any third party that has disclosed or provided any of same to the Company on a confidential basis (“Confidential Information”) without the
prior written authorization of the Board. Executive understands and acknowledges that nothing contained in this Appendix B is intended to or should in fact prevent Executive from (x) reporting possible violations of federal or state law or
regulation to any government agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, Congress, any agency Inspector General, the Equal Employment Opportunity Commission, or the National Labor
Relations Board, or (y) making other disclosures that are protected under state or federal whistleblower laws or regulations. 

(ii) “Confidential Information” shall not include any information that is (a) generally known to the
industry or the public other than as a result of Executive’s breach of this covenant; (b) made legitimately available to Executive by a third party without breach of any confidentiality obligation of which Executive has knowledge; or
(c) required by law to be disclosed; provided, that with respect to subsection (c) Executive shall give prompt written notice to the Company of such requirement, disclose no more information than is so required, and reasonably
cooperate with any attempts by the Company to obtain a protective order or similar treatment. 
 (iii) Except as required by
law, Executive will not disclose to anyone, other than Executive’s family (it being understood that, in this Agreement, the term “family” refers to Executive, Executive’s spouse, children, parents and spouse’s parents) and
advisors, the existence or contents of this Agreement; provided that Executive may disclose to any prospective future employer the provisions of this Appendix B. This Section 2(a)(iii) shall terminate if the Company publicly discloses a copy of
this Agreement (or, if the Company publicly discloses summaries or excerpts of this Agreement, to the extent so disclosed). 

(iv) Upon termination of Executive’s employment with the Company for any reason, Executive shall (x) cease and not
thereafter commence use of any Confidential Information or intellectual property (including without limitation, any patent, invention, copyright, trade secret, trademark, trade name, logo, domain name or other source indicator) owned or used by the
Company, its subsidiaries or affiliates; and (y) immediately destroy, delete, or return to the Company, at the Company’s option, all originals and copies in any form or medium (including memoranda, books, papers, plans, computer files,
letters and other data) in Executive’s possession or control (including any of the foregoing stored or located in Executive’s office, home, laptop or other computer, whether or not Company property) that contain Confidential Information,
except that Executive may retain only those portions of any personal notes, notebooks and diaries that do not contain any Confidential Information. 

(b) Intellectual Property. 

(i) If Executive has created, invented, designed, developed, contributed to or improved any works of authorship, inventions,
intellectual property, materials, documents, or other work product (including without limitation, research, reports, 

  
 -4- 

 
software, databases, systems, applications, presentations, textual works, content, or audiovisual materials) (“Works”), either alone or with third parties, prior to
Executive’s employment by the Company, that are relevant to or implicated by such employment (“Prior Works”), Executive hereby grants the Company a perpetual, non-exclusive, royalty-free, worldwide, assignable, sublicensable
license under all rights and intellectual property rights (including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) therein for all purposes in connection with the Company’s
current and future business. 
 (ii) If Executive creates, invents, designs, develops, contributes to or improves any Works,
either alone or with third parties, at any time during Executive’s employment by the Company and within the scope of such employment and with the use of any the Company resources (“Company Works”), Executive shall promptly and
fully disclose same to the Company and hereby irrevocably assigns, transfers and conveys, to the maximum extent permitted by applicable law, all rights and intellectual property rights therein (including rights under patent, industrial property,
copyright, trademark, trade secret, unfair competition and related laws) to the Company to the extent ownership of any such rights does not vest originally in the Company. 

(iii) Executive shall take all reasonably requested actions and execute all reasonably requested documents (including any
licenses or assignments required by a government contract) at the Company’s expense (but without further remuneration) to assist the Company in validating, maintaining, protecting, enforcing, perfecting, recording, patenting or registering any
of the Company’s rights in the Prior Works and Company Works. If the Company is unable for any other reason, after reasonable attempt, to secure Executive’s signature on any document for this purpose, then Executive hereby irrevocably
designates and appoints the Company and its duly authorized officers and agents as Executive’s agent and attorney in fact, to act for and in Executive’s behalf and stead to execute any documents and to do all other lawfully permitted acts
required in connection with the foregoing. 
 (iv) Executive shall not improperly use for the benefit of, bring to any
premises of, divulge, disclose, communicate, reveal, transfer or provide access to, or share with the Company any confidential, proprietary or non-public information or intellectual property relating to a former employer or other third party without
the prior written permission of such third party. Executive shall comply with all relevant policies and guidelines of the Company that are from time to time previously disclosed to Executive, including regarding the protection of Confidential
Information and intellectual property and potential conflicts of interest. Executive acknowledges that the Company may amend any such policies and guidelines from time to time, and that Executive remains at all times bound by their most current
version from time to time previously disclosed to Executive. 
 (v) The provisions of Section 2 hereof shall survive the
termination of Executive’s employment for any reason (except as otherwise set forth in Section 2(a)(iii) hereof). 

  
 -5- 

 RELEASE OF CLAIMS 

As used in this Release of Claims (this “Release”), the term “claims” will include all claims, covenants,
warranties, promises, undertakings, actions, suits, causes of action, obligations, debts, accounts, attorneys’ fees, judgments, losses, and liabilities, of whatsoever kind or nature, in law, in equity, or otherwise. 

For and in consideration of the Severance Benefits (as defined in my Employment Agreement, dated 17 August, 2015, with SeaWorld
Entertainment, Inc. (the “Employment Agreement”)), and other good and valuable consideration, I, Peter Crage for and on behalf of myself and my heirs, administrators, executors, and assigns, effective the date on which this release
becomes effective pursuant to its terms, do fully and forever release, remise, and discharge each of the Company and each of its direct and indirect subsidiaries and affiliates, together with their respective past and present officers, directors,
partners, shareholders, employees, and agents (collectively, the “Group”) from any and all claims whatsoever up to the date hereof that I had, may have had, or now have against the Group, for or by reason of any matter, cause, or
thing whatsoever, including any claim arising out of or attributable to my employment or the termination of my employment with the Company, whether for tort, breach of express or implied employment contract, intentional infliction of emotional
distress, wrongful termination, unjust dismissal, defamation, libel, or slander, or under any federal, state, or local law dealing with discrimination based on age, race, sex, national origin, handicap, religion, disability, or sexual orientation.
This release of claims includes, but is not limited to, all claims arising under the Age Discrimination in Employment Act (“ADEA”), Title VII of the Civil Rights Act, the Americans with Disabilities Act, the Civil Rights Act of
1991, the Family Medical Leave Act, and the Equal Pay Act, each as may be amended from time to time, and all other federal, state, and local laws, the common law, and any other purported restriction on an employer’s right to terminate the
employment of employees. The release contained herein is intended to be a general release of any and all claims to the fullest extent permissible by law. 

I acknowledge and agree that as of the date I execute this Release, I have no knowledge of any facts or circumstances that give rise or could
give rise to any claims under any of the laws listed in the preceding paragraph. 
 By executing this Release, I specifically release all
claims relating to my employment and its termination under ADEA, a United States federal statute that, among other things, prohibits discrimination on the basis of age in employment and employee benefit plans. 

Notwithstanding any provision of this Release to the contrary, by executing this Release, I am not releasing (i) any claims relating to
my rights under Section 7 of the Employment Agreement, (ii) any claims that cannot be waived by law, (iii) my right of indemnification as provided by, and in accordance with the terms of, the Company’s by-laws or a Company
insurance policy providing such coverage, as any of such may be amended from time to time, or (iv) my accrued and vested benefits, rights or payments under any employee benefit, incentive or equity plan or program of the Company. 

I expressly acknowledge and agree that I – 
  

	 	•	 	Am able to read the language, and understand the meaning and effect, of this Release; 

  

	 	•	 	Have no physical or mental impairment of any kind that has interfered with my ability to read and understand the meaning of this Release or its terms, and that I am not acting under the influence of any medication,
drug, or chemical of any type in entering into this Release; 

	 	•	 	Am specifically agreeing to the terms of the release contained in this Release because the Company has agreed to pay me the Severance Benefits in consideration for my agreement to accept it in full settlement of all
possible claims I might have or ever had, and because of my execution of this Release; 

  

	 	•	 	Acknowledge that, but for my execution of this Release, I would not be entitled to the Severance Benefits; 

  

	 	•	 	Understand that, by entering into this Release, I do not waive rights or claims under ADEA that may arise after the date I execute this Release; 

 

	 	•	 	Had or could have [twenty-one (21)][forty-five (45)]1 days from the date of my termination of employment (the “Release Expiration Date”) in which to
review and consider this Release, and that if I execute this Release prior to the Release Expiration Date, I have voluntarily and knowingly waived the remainder of the review period; 

 

	 	•	 	Have not relied upon any representation or statement not set forth in this Release or my Employment Agreement made by the Company or any of its representatives; 

 

	 	•	 	Was advised to consult with my attorney regarding the terms and effect of this Release; and 

  

	 	•	 	Have signed this Release knowingly and voluntarily. 

 I represent and warrant that I have not
previously filed, and to the maximum extent permitted by law agree that I will not file, a complaint, charge, or lawsuit against any member of the Group regarding any of the claims released herein. I acknowledge and agree that nothing in this
Release is intended to or shall limit, restrict, or interfere with my right under federal, state and local laws to file an administrative charge or to participate in any governmental investigation. Notwithstanding, if a federal, state or local
administrative agency were to pursue any claims relating to my employment with Company, I agree that I shall not be entitled to recover any monetary damages or any other remedies or benefits as a result and that this Release and the Severance
Benefits will control as the exclusive remedy and full settlement of all such claims by me. 
 I hereby agree to waive any and all claims to
re-employment with the Company or any other member of the Company Group (as defined in my Employment Agreement) affirmatively agree not to seek further employment with the Company or any other member of the Company Group. 

Notwithstanding anything contained herein to the contrary, this Release will not become effective or enforceable prior to the expiration of
the period of seven (7) calendar days following the date of its execution by me (the “Revocation Period”), during which time I may revoke my acceptance of this Release by notifying the Company and the Board of Directors of the
Company, in writing, delivered to the Company at its principal executive office, marked for the attention of its General Counsel. To be effective, such revocation must be received by the Company no later than 11:59 p.m. on the seventh (7th) calendar day following the execution of this Release. Provided that the Release is executed and I do not revoke it during the Revocation Period, the eighth (8th) day following the date on which this Release is 
  

	1	To be selected based on whether applicable termination was “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act
of 1967). 

 
executed shall be its effective date. I acknowledge and agree that if I revoke this Release during the Revocation Period, this Release will be null and void and of no effect, and neither the
Company nor any other member of the Company will have any obligations to pay me the Severance Benefits. 
 To the extent reasonably
requested by the Board, I shall cooperate with the Company in connection with matters arising out of or related to my employment with the Company. 

The provisions of this Release shall be binding upon my heirs, executors, administrators, legal personal representatives, and assigns. If any
provision of this Release shall be held by any court of competent jurisdiction to be illegal, void, or unenforceable, such provision shall be of no force or effect. The illegality or unenforceability of such provision, however, shall have no effect
upon and shall not impair the enforceability of any other provision of this Release. 
 EXCEPT WHERE PREEMPTED BY FEDERAL LAW, THIS RELEASE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF FLORIDA, APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN THAT STATE WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAWS. I HEREBY WAIVE ANY
RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY SUIT, ACTION, OR PROCEEDING UNDER OR IN CONNECTION WITH THIS RELEASE. 
 Capitalized terms
used, but not defined herein, shall have the meanings ascribed to such terms in my Employment Agreement. 
  

	
	  

	Peter Crage
	Date:Exhibit 10.3

EXECUTION VERSION

 

FIRST
INCREMENTAL Amendment to Credit Agreement

 

FIRST
INCREMENTAL Amendment TO CREDIT AGREEMENT, dated as of May 1, 2015 (this “First Amendment”), by and among
MACQUARIE INFRASTRUCTURE COMPANY LLC (the “Borrower”), MACQUARIE INFRASTRUCTURE COMPANY INC. (the “Guarantor”
and together with the Borrower, collectively, the “Loan Parties”), JPMORGAN CHASE BANK, N.A., as Administrative
Agent (the “Administrative Agent”) under the Credit Agreement (as defined below), and each lender party hereto
as a Lender or Additional Lender of Commitment Increases (as defined below; such lenders in such capacity, collectively, the “Incremental
Lenders”). Unless otherwise indicated, all capitalized terms used herein (including in this preamble and in the recitals
hereto) and not otherwise defined shall have the respective meanings provided such terms in the Credit Agreement referred to below.
The rules of construction specified in Sections 1.02 through 1.04 of the Credit Agreement shall apply to this First Amendment including
the terms defined in the preamble and recitals hereto.

 

RECITALS:

 

WHEREAS, the Borrower,
the Guarantor, the Administrative Agent, and the lenders from time to time party thereto (the “Lenders”) have
previously entered into that certain Credit Agreement, dated as of July 7, 2014 (the “Credit Agreement”);

 

WHEREAS, the Borrower
hereby notifies the Administrative Agent that it is requesting a Commitment Increase pursuant to Section 2.21 of the Credit Agreement;

 

WHEREAS, pursuant
to Section 2.21 of the Credit Agreement, the Borrower may establish Commitment Increases by, among other things, entering into
an Incremental Amendment pursuant to the terms and conditions of the Credit Agreement (it being the intent that this First Amendment
is an Incremental Amendment) with each Commitment Increase Lender and/or Additional Lender agreeing to provide such Commitment
Increases as set forth herein;

 

WHEREAS, the Borrower
has requested that the Incremental Lenders extend credit to the Borrower in the form of Commitment Increases in an aggregate principal
amount of $110,000,000 (the “Commitment Increases”); and

 

WHEREAS, each Incremental
Lender has indicated its willingness to provide its Commitment Increase on the terms and subject to the conditions herein contained.

 

    	 

    	 

    

 

NOW, THEREFORE, in
consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:

 

1.           Commitment
Increases. (a) Effective as of the Incremental Effective Date, (i) each Incremental Lender hereby agrees to provide its Commitment
Increase in the amount set forth opposite its name under the column entitled “Commitment Increase” on Schedule I
attached hereto and (ii) each Incremental Lender which is an Additional Lender hereby agrees to become a party to the Credit Agreement
as a Lender and to be bound by all of the terms and provisions thereof. The Administrative Agent hereby consents to each such Incremental
Lender providing its Commitment Increase (to the extent such consent is required pursuant to Section 2.21 of the Credit Agreement).
The parties hereto hereby agree that on the Incremental Effective Date (after giving effect to the Commitment Increases effected
hereby), (i) the Commitment of each Incremental Lender which is an existing Lender will increase by the amount of its Commitment
Increase effected hereby, (ii) each Incremental Lender which is an Additional Lender shall become a Lender party to the Credit
Agreement with a Commitment equal to its Commitment Increase effected hereby, (iii) the total Commitments under the Credit Agreement
shall increase by the aggregate principal amount of the Commitment Increases of the Incremental Lenders effected hereby and (iv)
there shall be an automatic adjustment to the Applicable Percentage of each Lender in the aggregate outstanding LC Exposure to
reflect the new Applicable Percentage of each Lender in the aggregate outstanding LC Exposure resulting from the Commitment Increases
as provided in Section 2.21 of the Credit Agreement.

 

(b)          The
Commitment Increases effected hereby shall (i) become a part of the Commitments for all purposes of the Credit Agreement and the
other Loan Documents and (ii) together with all related Loans and LC Exposure, be subject to the same Applicable Percentage, prepayment
provisions, Maturity Date and other terms and conditions applicable to the Commitments, Loans and LC Exposure under the Credit
Agreement and the other Loan Documents.

 

(c)          If, on the Incremental
Effective Date, there are any Revolving Loans outstanding (the “Existing Revolving Loans”), such Existing Revolving
Loans shall on the Incremental Effective Date be prepaid from the proceeds of additional Revolving Loans (deemed to be made after
giving effect to the Commitment Increase), which prepayment shall be accompanied by accrued interest on the Revolving Loans being
prepaid and any costs incurred by any Lender in accordance with Section 2.16 of the Credit Agreement, such that after giving effect
to such prepayment and such new Revolving Loans, all Revolving Loans will be held by existing Lenders and the Incremental Lenders
ratably in accordance with their Applicable Percentages after give effect to the Incremental Effective Date and the Commitment
Increase.

 

2.           Conditions
to Effectiveness. This First Amendment shall become effective on the date (the “Incremental Effective Date”)
when each of the following conditions shall have been satisfied:

 

		(i)	this First Amendment shall have been executed and delivered
by the Borrower, the Guarantor, the Incremental Lenders and the Administrative Agent;

 

		(ii)	the representations and warranties set forth in Article
III of the Credit Agreement and in each other Loan Document shall be true and correct in all material respects on and as of the
date hereof with the same effect as though made on and as of the date hereof, except to the extent such representations and warranties
expressly relate to an earlier date, in which case they shall be true and correct in all material respects as of such earlier
date;

 

    	-2-

    	 

    

  

		(iii)	all of the conditions specified in Section 2.21 of the
Credit Agreement applicable to the Commitment Increases shall have been satisfied;

 

		(iv)	no Event of Default shall have occurred or be continuing
on the date hereof immediately after giving effect to the Commitment Increases;

 

		(v)	the Borrower shall have paid all fees and other amounts
due and payable to the Administrative Agent and the Lenders, including, (a) to the extent invoiced, reimbursement or payment of
reasonable and documented out-of-pocket expenses in connection with this First Amendment and any other out-of pocket expenses
of the Administrative Agent, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent,
in each case as required to be paid or reimbursed pursuant to the Credit Agreement and (b) all fees that are due and payable under
any fee letter entered into in connection with this First Amendment;

 

		(vi)	the Administrative Agent and each Incremental Lender shall
have received a certificate of the Borrower executed by a Responsible Officer of the Borrower (i) attaching resolutions approving
and authorizing the execution and delivery of this First Amendment and certifying on behalf of itself and each of the other Loan
Parties that the organizational documents of each Loan Party have not been amended or otherwise modified since the Effective Date,
(ii) representing that the Borrower is Solvent after giving effect to this First Amendment and (iii) demonstrating that after
giving effect to the incurrence of the requested Commitment Increase, the Borrower’s Senior Secured Net Leverage Ratio (assuming
such Commitment Increase is fully drawn and otherwise on a Pro Forma Basis as of the then most recently ended Test Period) shall
not exceed 2.00:1.00;

 

		(vii)	each Incremental Lender and the Administrative Agent shall
have received, in form reasonably satisfactory to the Incremental Lenders, a legal opinion of White & Case LLP addressed to
the Incremental Lenders party hereto with respect to each Loan Party’s corporate existence, requisite corporate power and
authority, and the due execution and delivery of, and enforceability against such Loan Party of, this First Amendment; and

 

		(viii)	the Additional Lender shall have received, at least three
Business Days prior to the Incremental Effective Date, all documentation and other information about the Loan Parties and Subsidiaries
that it shall have reasonably determined is required by regulatory authorities under applicable “know your customer”
and anti-money laundering rules and regulations, including without limitation the USA Patriot Act.

 

3.           Borrower
Covenants. By its execution of this First Amendment, the Borrower hereby covenants and agrees that any proceeds of Loans and
LC Exposure with respect to the Commitment Increases shall be used by the Borrower pursuant to the terms and provisions of the
Credit Agreement.

 

    	-3-

    	 

    

  

4.          Acknowledgments.
Each Loan Party hereby expressly acknowledges the terms of this First Amendment and reaffirms, as of the date hereof, (i) the covenants
and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as
in effect immediately after giving effect to this First Amendment and the transactions contemplated hereby, (ii) in the case of
the Guarantor, its guarantee of the Secured Obligations (including any additional Secured Obligations incurred pursuant to this
First Amendment) under the Guarantee Agreement and (iii) in the case of the Borrower, its grant of Liens on the Pledged Collateral
to secure the Secured Obligations pursuant to the Pledge Agreement.

 

5.          Amendment,
Modification and Waiver. This First Amendment may not be amended, modified or waived except in accordance with Section 9.02
of the Credit Agreement.

 

6.          Entire
Agreement. This First Amendment, the Credit Agreement and the other Loan Documents constitute the entire agreement among the
parties hereto with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings,
both written and oral, among the parties hereto with respect to the subject matter hereof. It is understood and agreed that each
reference in each Loan Document to the Credit Agreement, whether direct or indirect, shall hereafter be deemed to be a reference
to the Credit Agreement as amended hereby and that this First Amendment is a Loan Document.

 

7.          Effect
of Amendment. (a) Except as expressly set forth in this First Amendment or in the Credit Agreement, this First Amendment shall
not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders
or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any
way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision
of the Credit Agreement or of any other Loan Document, all of which are ratified and affirmed in all respects and shall continue
in full force and effect. Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described
therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents (including
all Obligations incurred pursuant to this First Amendment), in each case, as amended by this First Amendment. Nothing herein shall
be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.

 

(b)          On
and after the Incremental Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan
Document, shall be deemed a reference to the Credit Agreement as modified by this First Amendment. This First Amendment shall constitute
a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

 

    	-4-

    	 

    

  

(c)          The
Guarantor agrees that nothing in the Credit Agreement, this First Amendment or any other Loan Document shall be deemed to require
the consent of the Guarantor to any future amendment to the Credit Agreement.

 

8.          Costs
and Expenses. The Borrower hereby agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket
expenses in connection with this First Amendment, including the reasonable fees, charges and disbursements of counsel for the Administrative
Agent, in each case, as required to be reimbursed pursuant to the Credit Agreement.

 

9.          GOVERNING
LAW. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED
BY THE LAW OF THE STATE OF NEW YORK. SECTIONS 9.09(b), (c) and (d) AND 9.10 OF THE CREDIT AGREEMENT ARE HEREBY INCORPORATED
BY REFERENCE INTO THIS FIRST AMENDMENT.

 

10.         Severability.
Section 9.07 of the Credit Agreement is hereby incorporated by reference into this First Amendment and shall apply to this
First Amendment.

 

11.         Headings.
Section headings used herein are for convenience of reference only, are not part of this First Amendment and shall not affect the
construction of, or be taken into consideration in interpreting, this First Amendment.

 

12.         Counterparts.
This First Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Delivery by telecopier or other electronic means (including “.pdf” or
“.tif” format) of an executed counterpart of a signature page to this First Amendment shall be effective as delivery
of an original executed counterpart of this First Amendment.

 

    	-5-

    	 

    

 

IN WITNESS WHEREOF, each of the undersigned
has caused its duly authorized officer to execute and deliver this First Amendment as of the date first written above.

 

	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[MIC First Amendment]

 

    	 

    	 

    

  

	 	REGIONS BANK, as an Incremental Lender
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 

 

[MIC First Amendment]

 

    	 

    	 

    

  

	 	Credit Agricole Corporate and Investment Bank, as an Incremental Lender
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[MIC First Amendment]

 

    	 

    	 

    

  

	 	AMERICAN SAVINGS BANK, F.S.B., as an  Incremental Lender
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[MIC First Amendment]

 

    	 

    	 

    

 

	
         

         
	MACQUARIE INFRASTRUCTURE COMPANY LLC, as Borrower
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	MACQUARIE INFRASTRUCTURE COMPANY INC., as Guarantor
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[MIC First Amendment]

 

    	 

    	 

    

  

SCHEDULE I

 

Incremental Lenders and Commitments

 

	Incremental Lender	 	Commitment Increase	 
	 	 	 	 
	Regions Bank	 	$	50,000,000	 
	 	 	 	 	 
	Credit Agricole Corporate and Investment Bank	 	$	50,000,000	 
	 	 	 	 	 
	American Savings Bank, F.S.B.	 	$	10,000,000	 

 

[MIC First Amendment]

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