QUIKSILVER INC
EXHIBIT 10.5
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<TYPE>EX-10.5
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<DESCRIPTION>EXHIBIT 10.5
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.5</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">June&nbsp;13, 2008
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Joe Scirocco<BR>
Quiksilver, Inc.<BR>
15202 Graham Street<BR>
Huntington Beach, California 92649

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>RE:</B>&nbsp;&nbsp;&nbsp;<B>Amendment to Employment Agreement</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear Mr.&nbsp;Scirocco:

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Reference is made to your Employment Agreement (&#147;Agreement&#148;) dated April&nbsp;12, 2007 by and between
Quiksilver, Inc. (&#147;Quiksilver&#148;) and you. Capitalized terms used in this letter and not defined
herein shall have the meaning ascribed to them in the Agreement.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This letter amends the Agreement as follows:
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The parties agree to amend and replace Section&nbsp;1 of the Agreement as follows:</TD>
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    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;1. <U>Position; Exclusivity</U>. The Company hereby agrees to employ you as its Chief
Financial Officer, reporting to the Chief Executive Officer. During your employment with
Quiksilver, you will devote your full professional and business time, interest, abilities
and energies to the Company and will not render any services to any other person or entity,
whether for compensation or otherwise, or engage in any business activities competitive
with or adverse to the Company&#146;s business or welfare, whether alone, as an employee, as a
partner, as a member, or as a shareholder, officer or director of any other corporation, or
as a trustee, fiduciary or in any other similar representative capacity of any other entity
without the prior written consent of the Chief Executive Officer.&#148;</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except as expressly amended by this letter, the terms, conditions, covenants and agreements
contained in the Agreement remain unaffected by this letter and continue in full force and effect.
This letter is intended by the parties to satisfy the requirement in clause 13 of the Agreement
that any modification or amendment to the Agreement be in writing and signed by both parties.
Further, this letter and the Agreement constitute the entire agreement between the parties with
respect to the subject matter set forth herein and therein and supercede all other agreements,
proposals, oral or written statements. Please confirm your agreement by signing and returning one
copy of this letter to the undersigned, whereupon this letter will become a binding agreement
between the parties.
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Very truly yours,
</DIV>

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    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD align="left" valign="top" colspan="2" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Name: Bob McKnight</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" colspan="3"><DIV style="margin-left:0px; text-indent:-0px">Title: Chief Executive Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Accepted and agreed to this16th day of June, 2008
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Name:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Title:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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