Common use of TO ASSIGNMENT AND ASSUMPTION Clause in Contracts

TO ASSIGNMENT AND ASSUMPTION. Reference is made to a certain Credit Agreement dated as of July 31, 2009 (as amended, amended and restated, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and among, inter alia (i) Quiksilver Americas, Inc., as the Lead Borrower, (ii) Quiksilver Canada Corp., as the Canadian Borrower, (iii) the other Borrowers from time to time party thereto, (iv) the Guarantors from time to time party thereto, (v) the Lenders from time to time party thereto, (vi) Bank of America, N.A., as Administrative Agent, Co-Collateral Agent, Swing Line Lender, L/C Issuer, and Syndication Agent, (vii) General Electric Capital Corporation, as Co-Collateral Agent, and (viii) Bank of America, N.A. (acting through its Canada branch), as Canadian Agent.