Effective as of November 30, 2023, Zumiez Inc. (the Registrant) together with Zumiez Services Inc. (Zumiez Services) as the co-borrower (collectively with the Registrant and certain other subsidiaries as guarantors, the ? Company?), entered into a Third Amendment to Credit Agreement (the ? Amendment?) with Wells Fargo Bank, N. A (the ?

Bank?). The Amendment relates to certain changes to the terms and conditions set forth in a Credit Agreement between the Company and the Bank dated December 7, 2018 (the ? Original Credit Agreement?), which was previously amended on October 14, 2022 and on July 27, 2023.

The Amendment, among other things, (a) amended the credit limit to $25 million through December 1, 2024; (b) amended the EBITDA maintenance covenant to not less than $9 million for the quarter ending October 28, 2023, not less than $2.5 million for the quarter ending February 3, 2024, not less than $9 million in the quarter ending May 4, 2024, not less than $12 million for the quarter ending August 3, 2024, and not less than $20 million for the quarter ending November 2, 2024; (c) amended the borrowing rate to SOFR plus 1.75% per annum; (d) introduced an unused commitment fee of 0.50% per annum; and (e) disallows distribution of dividends or execution of stock repurchases through December 1, 2024 without the Bank?s approval.