Document:

EX-10.10

 Exhibit 10.10 

Exhibit A 
 Amendment To The

 Management Agreement 

MALIBU BOATS, LLC 

FIRST AMENDMENT AND WAIVER TO MANAGEMENT AGREEMENT 

This FIRST AMENDMENT AND WAIVER TO MANAGEMENT AGREEMENT (this “Amendment”) is effective as of September 29, 2009
(the “Amendment Effective Date”), and entered into by and between Malibu Boats, LLC, a Delaware limited liability company (the “Company”), and Malibu Boats Investor, LLC, a Delaware limited liability company
(formerly known as Malibu Investor, LLC, the “Parent”), and is made with reference to the Management Agreement dated as of August 7, 2006 (the “Management Agreement”), by and between Company and Parent.
Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Management Agreement. 
 RECITALS

 WHEREAS, the Company is the borrower under that certain Credit Agreement dated as of August 7, 2006 (the “Credit
Agreement”) by and among Company, Malibu Boats Holdings, LLC, a Delaware limited liability company (“Holdings”), the banks, financial institutions and other institutional lenders listed on the signature pages thereof as the
lenders (the “Lenders”), Wells Fargo Bank, National Association, as administrative agent and collateral agent (the “Agent”), and the other signatories parties thereto; 

WHEREAS, the Company is in default under the Credit Agreement and desires to enter into an Amendment No. 1 and Waiver to the
Credit Agreement (the “Credit Agreement Amendment”) in order to remedy the defaults, among other things; and 

WHEREAS, the Agent and Required Lenders have required as a condition precedent to the effectiveness of the Credit Agreement Amendment
that the Company amend the Management Agreement as provided herein. 
 NOW, THEREFORE, in consideration of the premises and the
agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
  

	Section 1.	AMENDMENTS TO MANAGEMENT AGREEMENT 

 A. Amendment to Section 2: Payments of Fees
and Expenses. Section 2 of the Management Agreement is hereby amended by the following: 
  

	 	(i)	clause (c) is deleted in its entirety; and 

  

	 	(ii)	clause (d) is renumbered as clause (c). 

 B. Amendment to Section 3: Term and Termination. Section 3(c) of the Management
Agreement is hereby amended by the following: 
  

	 	(i)	clause (ii) is deleted in its entirety; and 

  

	 	(ii)	clause (iii) is renumbered as clause (ii). 

  

	Section 2.	WAIVERS 

 A. Subject to the terms and conditions set forth herein, the Parent hereby
waives any and all accrued and unpaid obligations of the Company owed under Section 2(c) of the Management Agreement prior to the Amendment Effective Date. 

B. Without limiting the generality of the provisions of Section 5(c) of the Management Agreement, the waivers set forth above shall be
limited precisely as written, in each case in the manner and to the extent described above, and nothing in this Amendment shall be deemed to constitute a waiver with respect to any other Section of the Management Agreement in any other instance, or
any other term, provision or condition of the Management Agreement or any other instrument or agreement referred to therein. 
  

	Section 3.	MISCELLANEOUS 

 A. All other terms of the Management Agreement hereby remain in full
force and effect except as specifically modified by this Amendment. 
 B. Section and subsection headings in this Amendment are included
herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

C. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF CALIFORNIA APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.  

D. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so
that all signature pages are physically attached to the same document. 
 [signature page follows] 

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

			
	Company:
	
	MALIBU BOATS, LLC
		
	By:	 	 /s/ Paras Mehta

	Name:	 	Paras Mehta
	Title:	 	Secretary
	
	Parent:
	
	MALIBU BOATS INVESTOR, LLC
		
	By:	 	 /s/ Michael Hooks

	Name:	 	Michael Hooks
	Title:	 	Authorized Officer

  
 3EX-10.11

 Exhibit 10.11 

MALIBU BOATS, LLC 

SECOND AMENDMENT TO MANAGEMENT AGREEMENT 

This SECOND AMENDMENT TO MANAGEMENT AGREEMENT (this “Second Amendment”) is effective as of July 11, 2012
(the “Effective Date”), and entered into by and between Malibu Boats,’ LLC, a Delaware limited liability company (the “Company”), and Malibu Boats Investor, LLC, a Delaware limited liability company (formerly
known as Malibu Investor, LLC) (“Parent”), and is made with reference to the Management Agreement dated as of August 7, 2006, by and between the Company and Parent (the “Management Agreement”), as previously
amended by that certain First Amendment and Waiver to Management Agreement dated effective as of September 29, 2009 (the “First Amendment”). Capitalized terms used herein without definition shall have the same meanings herein
as set forth in the Management Agreement. 
 RECITALS 

WHEREAS, Parent has provided and will continue to provide certain management and advisory services to the Company under the Management
Agreement and the Company has benefited and will benefit therefrom. 
 WHEREAS, (i) at the time the parties entered into
the First Amendment, the Company was in default under its Credit Agreement dated as of August 7, 2006, as amended (the “Credit Agreement”), (ii) to remedy that default it was necessary for the Company to secure an amendment to
the Credit Agreement from the lenders thereunder, (iii) as a condition to agreeing to and entering into such amendment, the lenders required the Company to agree to the First Amendment, and (iv) the First Amendment was entered into solely
to secure the lenders’ agreement to amend the Credit Agreement, for the sole benefit of the lenders, and for no other purpose or intended beneficiary. 

WHEREAS, the Company and Parent desire to, effective immediately, reinstate the Management Fee as originally contemplated by the
Management Agreement, and, effective as of January 1, 2013, increase the amount of the Management Fee from $500,000 per year to $750,000 per year. 

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties intending to be legally bound hereto agree as follows: 
  

	 	Section 1.	Amendments To Management Agreement. 

 A. Amendment to Section 2:
Payments of Fees and Expenses. Section 2 of the Management Agreement is hereby amended by the following: 
  

	 	(i)	clause (c) is relettered as clause (d); and 

	 	(ii)	the following is added as clause (c): 

 “a management fee (the
“Management Fee”) in the amount of (i) US$1,831,250 with respect to the period July 1, 2008 through June 30, 2012, payable by the Company in a single payment on July 12, 2012, (ii) US$250,000 with respect to
the period July 1, 2012 through December 31, 2012, payable by the Company in a single payment of $250,000 on July 12, 2012 and (iii) US$750,000 per annum from January 1, 2013 through the remainder of the Term, payable by the
Company in advance on the first business day of each calendar year, in exchange for the services provided to the Company by Parent pursuant to Section 1 of this Agreement; provided that, to the extent that an event of default or
restriction under any credit agreement entered into by the Company or any agreement entered into by the Company as a condition to obtaining a lender consent under any such credit agreement causes the Company to be prohibited from paying any amounts
owed under this Section 2(c), the Company will use reasonable efforts to cure such event of default, obtain bank waivers and take other reasonable steps as may be necessary to cause its ability to make such payments to be reinstated,
whereupon the Company will promptly pay to Parent all such amounts to the extent not paid in accordance with the preceding provisions of this Section 2(c), together with interest at the rate of 8% per annum, compounding quarterly in
each case from the date on which any such amount would have been payable (absent the deferral arrangement established in this proviso) through the date such amount is actually paid. The amount of the Management Fee shall not be increased without the
prior written consent of HH.” 
 B. Amendment to Section 3: Term and Termination. Section 3(c) of the
Management Agreement is hereby amended by the following: 
  

	 	(i)	clause (ii) is renumbered as clause (iii); and 

  

	 	(ii)	the following is added as clause (ii): 

 “any and all accrued and unpaid obligations of the
Company owed under Section 2 above” 

	 	Section 2.	Miscellaneous. 

 A. All other terms of the Management Agreement, as
previously amended by the First Amendment, hereby remain in full force and effect except as specifically modified by this Second Amendment. 

B. Section and subsection headings in this Second Amendment are included herein for convenience of reference only and shall not constitute a
part of this Second Amendment for any other purpose or be given any substantive effect. 
 C. THIS SECOND AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. 

D. This Second Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart
so that all signature pages are physically attached to the same document. 
 [signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly
executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	Company:
	
	MALIBU BOATS, LLC
		
	By:	 	 /s/ Paras Mehta

	Name:	 	 Paras Mehta

	Title:	 	 Secretary

	
	Parent:
	
	MALIBU BOATS INVESTOR, LLC
		
	By:	 	 /s/ Michael Hooks

	Name:	 	 Michael Hooks

	Title:	 	 Authorized Officer

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