GART SPORTS CO
EXHIBIT 10.1
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<P ALIGN="RIGHT"><FONT SIZE=2><A
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<BR></FONT><FONT SIZE=2><B>EXHIBIT 10.1    <BR>    </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B>EXECUTION COPY  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>FINANCING AGREEMENT  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>by and among </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>THE CIT GROUP/BUSINESS CREDIT,&nbsp;INC.<BR>  </B></FONT><FONT SIZE=2>(as Agent and Lender) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>and
</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>WELLS FARGO FOOTHILL, LLC</B></FONT><FONT SIZE=2><BR>
(as Documentation Agent) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>BANK OF AMERICA, N.A.</B></FONT><FONT SIZE=2><BR>
(as a Co-Syndication Agent) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>and
</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>FLEET RETAIL FINANCE&nbsp;INC.</B></FONT><FONT SIZE=2><BR>
(as a Co-Syndication Agent) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>and
</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>THE LENDERS THAT ARE SIGNATORIES HERETO</B></FONT><FONT SIZE=2><BR>
(as Lenders) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>THE SPORTS AUTHORITY,&nbsp;INC.  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>THE SUBSIDIARIES OF THE SPORTS AUTHORITY,&nbsp;INC.<BR>
THAT ARE SIGNATORIES HERETO<BR>  </B></FONT><FONT SIZE=2>(as Borrowers) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Dated:
August&nbsp;4, 2003 </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
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<A NAME="toc_lc2148_1"> </A></FONT> <FONT SIZE=2><B>TABLE OF CONTENTS    <BR>    </B></FONT></P>

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<TR VALIGN="BOTTOM">
<TH WIDTH="4%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="85%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Page</B></FONT><HR NOSHADE></TH>
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<TD WIDTH="4%"><FONT SIZE=2>1.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2>Definitions</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>2</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
2.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Conditions Precedent</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
21</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
3.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Revolving Loans</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
24</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
4.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Intentionally Omitted</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
30</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
5.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Letters of Credit</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
30</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
6.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Collateral</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
33</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
7.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Representations, Warranties and Covenants</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
36</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
8.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Interest, Fees and Expenses</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
44</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
9.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Powers</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
50</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
10.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Events of Default and Remedies</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
50</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
11.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Termination</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
53</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
12.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Miscellaneous</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
54</FONT></TD>
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<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
13.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Agreement Between the Lenders</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
57</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
14.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><BR>
Agency</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
61</FONT></TD>
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<P><FONT SIZE=2><B><I>EXHIBITS  </I></B></FONT></P>

<UL>

<P><FONT SIZE=2>Exhibit&nbsp;A&#151;Form
of Assignment and Transfer Agreement<BR>
Exhibit&nbsp;B&#151;Form of Revolving Loan Promissory Note<BR>
Exhibit&nbsp;C&#151;Form of Seasonal Advance Request<BR>
Exhibit&nbsp;D&#151;Form of Borrowing Base Certificate<BR>
Exhibit&nbsp;E&#151;Form of General Continuing Guaranty<BR>
Exhibit&nbsp;F&#151;Form of Stock Pledge Agreement<BR>
Exhibit&nbsp;G&#151;Form of Disbursement Authorization<BR>
Exhibit&nbsp;H&#151;Form of Intellectual Property Agreement<BR>
Exhibit&nbsp;I&#151;Form of Suretyship Agreement </FONT></P>

</UL>

<P><FONT SIZE=2><B><I>SCHEDULES  </I></B></FONT></P>

<UL>

<P><FONT SIZE=2>Schedule&nbsp;A&#151;Terms
and Provisions of Subordinated Debt<BR>
Schedule&nbsp;B&#151;Borrower Information<BR>
Schedule&nbsp;G&#151;Guarantor Information<BR>
Schedule&nbsp;2.1(o)&#151;Account Information<BR>
Schedule&nbsp;5.9&#151;Outstanding Letters of Credit </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>i</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_ld2148_1_1"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>THE CIT GROUP/BUSINESS CREDIT,&nbsp;INC.</B></FONT><FONT SIZE=2>, a New York corporation (hereinafter "</FONT><FONT SIZE=2><B>CITBC</B></FONT><FONT SIZE=2>")
with offices located at 300 South Grand Avenue, Los Angeles, California 90071, the other lenders from time to time party hereto (CITBC and such other lenders are individually sometimes referred to
herein as a "</FONT><FONT SIZE=2><B>Lender</B></FONT><FONT SIZE=2>" and collectively as the "</FONT><FONT SIZE=2><B>Lenders</B></FONT><FONT SIZE=2>"), CITBC as agent for the Lenders (hereinafter the
"</FONT><FONT SIZE=2><B>Agent</B></FONT><FONT SIZE=2>"), </FONT><FONT SIZE=2><B>WELLS FARGO FOOTHILL, LLC</B></FONT><FONT SIZE=2>, a California limited liability company, as the documentation agent, </FONT> <FONT SIZE=2><B>BANK OF AMERICA,
N.A.</B></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><B>FLEET RETAIL FINANCE&nbsp;INC.</B></FONT><FONT SIZE=2>, a Delaware corporation, collectively as the
co-syndication agents, are pleased to confirm the terms and conditions under which the Lenders acting through the Agent shall make revolving loans, advances and other financial
accommodations to </FONT><FONT SIZE=2><B>THE SPORTS AUTHORITY,&nbsp;INC.</B></FONT><FONT SIZE=2>, a Delaware corporation (formerly known as Gart Sports Company) (hereinafter referred to as
"</FONT><FONT SIZE=2><B>Parent</B></FONT><FONT SIZE=2>"), having a principal place of business at 1050 West Hampden Avenue, Englewood, Colorado 81110, and each of the Subsidiaries of Parent
identified on the signatory pages hereof (such Subsidiaries together with Parent are hereinafter referred to collectively and individually, jointly and severally, as co-borrowers, as the
"</FONT><FONT SIZE=2><B>Borrowers</B></FONT><FONT SIZE=2>," and each, individually, as a "</FONT><FONT SIZE=2><B>Borrower</B></FONT><FONT SIZE=2>"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Parent, Gold Acquisition and TSA (as such terms and other initially capitalized terms are used herein defined in </FONT> <FONT SIZE=2><I>Section&nbsp;1</I></FONT><FONT SIZE=2>below) are parties to that certain Agreement and Plan of Merger, dated as
of February&nbsp;19, 2003 (the
"</FONT><FONT SIZE=2><B>Merger Agreement</B></FONT><FONT SIZE=2>"), pursuant to which (i)&nbsp;Gold Acquisition will merge with and into TSA, with TSA as the surviving corporation, pursuant to a
Certificate of Merger and upon the terms and conditions set forth in the Merger Agreement (the "</FONT><FONT SIZE=2><B>Merger</B></FONT><FONT SIZE=2>"), (ii)&nbsp;at the Effective Time, Parent will
amend its Certificate of Incorporation to, </FONT><FONT SIZE=2><I>inter alia</I></FONT><FONT SIZE=2>, change its corporate name to "The Sports Authority,&nbsp;Inc.", and (iii)&nbsp;at the
Effective Time, TSA will amend its Certificate of Incorporation to, </FONT><FONT SIZE=2><I>inter alia</I></FONT><FONT SIZE=2>, change its corporate name to "TSA Stores,&nbsp;Inc."; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
Parent desires to obtain additional financing for the consummation of the transactions contemplated by the Merger Agreement, to pay fees, costs and expenses in connection with
the consummation of the Merger Agreement and this Financing Agreement, and to provide additional working capital for the mutual and collective enterprise of the Borrowers; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
in order to utilize the financial powers of the Borrowers in the most efficient and economical manner, and in order to facilitate the financing of each of their working capital
needs, the Lenders will, at the request of the Borrowers, extend financial accommodations to the Borrowers on a combined basis in accordance with the provisions set forth in this Financing Agreement;
and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
each Borrower's business is part of a mutual and collective enterprise and the Borrowers believe that the consolidation of all loans and other financial accommodations under
this Financing Agreement will enhance the aggregate borrowing powers of each Borrower and facilitate the
administration of their loan relationship with the Agent and the Lenders, all to the mutual advantage of the Borrowers; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
each of the Borrowers acknowledges that it will receive substantial direct and indirect benefits by reason of the making of loans and other financial accommodations to the other
parties hereto as provided in this Financing Agreement, by virtue of the various inter-relationships of the Borrowers as joint guarantors or joint obligors and the beneficiaries thereof, as lessors
and lessees, and as suppliers and customers while at the same time maintaining the independent corporate existence of each Borrower; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Agent's and the Lenders' willingness to extend financial accommodations to the Borrowers, and to administer each of the Borrowers collateral security therefor, on a combined
basis as more fully set forth in this Financing Agreement, is done solely as an accommodation to the Borrowers and at their request and in furtherance of their mutual and collective enterprise. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, for and in consideration of the above premises and the mutual covenants and agreements contained herein, the Borrowers, the Lenders and the Agent hereby agree as follows: </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;Definitions.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Accounts"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' now existing and future: </FONT><FONT SIZE=2><B>(a)</B></FONT><FONT SIZE=2> accounts
(as defined in the UCC), and any and all other receivables (whether or not specifically listed on schedules furnished to the Agent), including, without limitation, all accounts created by, or arising
from, all of each of the Borrowers' sales, leases, rentals of goods or renditions of services to their customers, including but not limited to, those accounts arising under any of the Borrowers' trade
names or styles, or through any of the Borrowers' divisions; </FONT><FONT SIZE=2><B>(b)</B></FONT><FONT SIZE=2> any and all instruments, documents, chattel paper (including electronic chattel paper)
(all as defined in the UCC); </FONT><FONT SIZE=2><B>(c)</B></FONT><FONT SIZE=2> unpaid seller's or lessor's rights (including rescission, replevin, reclamation, repossession and stoppage in transit)
relating to the foregoing or arising therefrom; </FONT><FONT SIZE=2><B>(d)</B></FONT><FONT SIZE=2> rights to any goods represented by any of the foregoing, including rights to returned, reclaimed or
repossessed goods; </FONT><FONT SIZE=2><B>(e)</B></FONT><FONT SIZE=2> reserves and credit balances arising in connection with or pursuant hereto; </FONT><FONT SIZE=2><B>(f)</B></FONT><FONT SIZE=2>
guarantees, supporting obligations, payment intangibles and letter of credit rights (all as defined in the UCC); </FONT><FONT SIZE=2><B>(g)</B></FONT><FONT SIZE=2> insurance policies or rights
relating to any of the foregoing; </FONT><FONT SIZE=2><B>(h)</B></FONT><FONT SIZE=2> general intangibles pertaining to any and all of the foregoing (including all rights to payment, including those
arising in connection with bank and non-bank credit cards), and including books and records and any electronic media and software thereto; </FONT> <FONT SIZE=2><B>(i)</B></FONT><FONT SIZE=2> notes, deposits or property of account debtors securing the
obligations of any such account debtors to the Borrowers or any one of them; and </FONT> <FONT SIZE=2><B>(j)</B></FONT><FONT SIZE=2> cash and non-cash proceeds (as defined in the UCC) of any and all of the foregoing. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Account Debtor"</B></FONT><FONT SIZE=2> shall have the meaning ascribed to such term under Section&nbsp;9102(a)(3) of Article&nbsp;9 of the UCC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Accounts Receivable Advance Amount"</B></FONT><FONT SIZE=2> shall mean the lesser of (x)&nbsp;Forty Million Dollars ($40,000,000), and
(y)&nbsp;eighty-five percent (85%) of Eligible Accounts Receivable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Acquisition-Related Transactions"</B></FONT><FONT SIZE=2> shall mean the Merger, pursuant to the Merger Agreement and the transactions contemplated and performed
by the Borrowers and their Affiliates in connection therewith. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Affiliate"</B></FONT><FONT SIZE=2> shall mean, as to any Person, any other Person (other than a Subsidiary) which, directly or indirectly, is in control of, is
controlled by, or is under common control with, such Person and the term "control" shall have the meaning set forth in respect thereof in Rule&nbsp;105 promulgated under the Securities Act of 1933,
as amended. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Agent"</B></FONT><FONT SIZE=2> shall have the meaning given such term in the preamble to this Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Anniversary Date"</B></FONT><FONT SIZE=2> shall mean the date occurring one (1)&nbsp;year from the date of execution hereof and the corresponding date in every
year thereafter. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Applicable Margin"</B></FONT><FONT SIZE=2> shall mean: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;from
and including the Closing Date until the Conversion Date, the Initial Margin; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;the
Applicable Margin may be increased or decreased, from time to time after the Conversion Date, to the relevant Applicable Margin set forth in the table below that
corresponds </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<UL>
<BR>

<P><FONT SIZE=2>to
the highest pricing level (with level 5 being the lowest) with respect to which the Borrowers have met the EBITDA level set forth therein: </FONT></P>
</UL>
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<TR VALIGN="BOTTOM">
<TH WIDTH="9%" ALIGN="CENTER"><FONT SIZE=1><B>Pricing<BR>
Level</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="46%" ALIGN="CENTER"><FONT SIZE=1><B>TFFQ EBITDA</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>Applicable Margin for LIBOR Loans:</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>Applicable Margin for Chase Bank Rate Loans:</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="9%" ALIGN="CENTER"><FONT SIZE=2>1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2>Less than or equal to $100,000,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>2.50</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>0.50</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="9%" ALIGN="CENTER"><FONT SIZE=2>2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2>More than $100,000,000 but less than or equal to $130,000,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>2.25</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>0.25</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="9%" ALIGN="CENTER"><FONT SIZE=2>3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2>More than $130,000,000 but less than or equal to $160,000,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>2.00</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>0.00</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="9%" ALIGN="CENTER"><FONT SIZE=2>4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2>More than $160,000,000 but less than or equal to $190,000,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1.75</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>0.00</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="9%" ALIGN="CENTER"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2>More than $190,000,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1.50</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>0.00</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
adjustment to the prevailing Applicable Margin shall be effective on the first (1<SUP>st</SUP>) Business Day of the month immediately following the date on which the Agent has
received and reviewed Fiscal Quarter end financial statements in accordance with any requirements established by the Agent for the preparation and delivery thereof. Notwithstanding anything in this
Agreement to the contrary, in the event that, the audited financial statements of the Borrowers required hereunder for such Fiscal Year shall indicate that the actual EBITDA was lower for any Fiscal
Quarter in such Fiscal Year than previously reported in the quarterly financial statements for such quarter, then the Applicable Margin shall be adjusted retroactively (to the effective date of the
Applicable Margin which was based upon the delivery of such incorrect financial statements) to reflect the correct margin, and the Borrowers shall make payments to the Agent, for the ratable benefit
of the Lenders, to reflect such adjustment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Assignment and Transfer Agreement"</B></FONT><FONT SIZE=2> shall mean the Assignment and Transfer Agreement in the form of </FONT> <FONT SIZE=2><I>Exhibit&nbsp;A</I></FONT><FONT SIZE=2> hereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Availability"</B></FONT><FONT SIZE=2> shall mean at any time of determination the amount by which the lesser of (a)&nbsp;the Line of Credit or (b)&nbsp;the
Borrowing Base exceeds the sum of (x)&nbsp;the outstanding aggregate amount of all
Obligations (excluding all obligations in respect of the outstanding amounts of any Letters of Credit) and (y)&nbsp;the Availability Reserve(s). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Availability Reserve"</B></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><B>"Availability Reserves"</B></FONT><FONT SIZE=2> shall mean at any time of determination
an amount equal to the sum of (a)&nbsp;the then undrawn amount of all outstanding Letters of Credit, (b)&nbsp;the amount of all sales taxes that have been collected by the Borrowers and not
remitted to any state taxing authority when due, (c)&nbsp;an amount equal to three (3)&nbsp;months gross rent for each warehouse or distribution facility of any Borrower's located in a state where
the landlord is entitled to a priority lien on Personal Property Collateral to secure unpaid rent and with respect to each such property the landlord has not executed a form of waiver and consent
reasonably acceptable to Agent, (d)&nbsp;an amount based upon past due rent for any of the Borrower's leased locations, with the exception of past due rent that is the subject of a Permitted
Protest, as determined by Agent in its reasonable discretion, and (e)&nbsp;such other reserves established in the Agent's reasonable discretion which are reasonably required pursuant to this
Financing Agreement, including, without limitation, reserves implemented in connection with Customarily Permitted Liens, Permitted Encumbrances, Permitted Indebtedness but, in the case of each of the
foregoing, only to the extent such liens, encumbrances and indebtedness relate or may in any way affect the Borrowing Base, and reserves implemented in order to protect the Lenders from any liens or
encumbrances that could, in the reasonable judgment of Agent, take priority over the liens of Agent hereunder irrespective of whether a Permitted Protest is contemplated or has </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<BR>

<P><FONT SIZE=2>been
undertaken. Without limiting the generality of the foregoing, Availability Reserves may include (but are not limited to) reserves based on the following: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;In
store customer credits (not to exceed fifty percent (50%) of the aggregate of this item, subject to reasonable dilution, as reflected on and calculable from the
Borrowers' books and records); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Gift
certificates (not to exceed fifty percent (50%) of the aggregate of this item, subject to reasonable dilution, as reflected on and calculable from the Borrowers'
books and records); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Layaways
and customer deposits (not to exceed fifty percent (50%) of the aggregate of this item, subject to reasonable dilution, as reflected on and calculable from the
Borrowers' books and records). </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Bankruptcy Code"</B></FONT><FONT SIZE=2> shall mean The Bankruptcy Reform Act of 1978 (Pub. L. No.&nbsp;95-598; 11 U.S.C.
&sect;&sect; 101 et seq.), as amended or supplemented, from time to time, or any successor statute, and any and all rules and regulations issued or promulgated from time to time in
connection therewith. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Blocked Account"</B></FONT><FONT SIZE=2> shall mean any deposit account owned by the Borrowers which is governed by a Blocked Account Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Blocked Account Agreement"</B></FONT><FONT SIZE=2> shall mean an agreement, in form and substance satisfactory to the Agent, providing that (a)&nbsp;the
applicable deposit account is subject to written instructions only from the Borrowers unless and until the Agent shall give the institution holding such deposit account written instructions to the
contrary in accordance with the terms of </FONT><FONT SIZE=2><I>Section&nbsp;3.4</I></FONT><FONT SIZE=2> of this Financing Agreement; (b)&nbsp;all cash, checks and items received or deposited in
such account is subject to a security interest in favor of the Agent for the benefit of Lenders, that the depository bank has no lien upon, or right of set off against, such account and any cash,
checks, items, wires or other funds from time to time on deposit therein, except as otherwise provided in the Blocked Account Agreement; and (c)&nbsp;automatically, on a daily basis the depository
bank will wire, or otherwise transfer, in immediately available funds, all funds received or deposited into such account to such bank account as the Agent may from time to time designate for such
purpose upon the occurrence of a triggering event pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;3.4</I></FONT><FONT SIZE=2> of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Borrower"</B></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><B>"Borrowers"</B></FONT><FONT SIZE=2> shall have the meaning given such terms in the preamble to this
Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Borrowing Base"</B></FONT><FONT SIZE=2> shall mean the sum of: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;the
Inventory Advance Amount, </FONT><FONT SIZE=2><I>plus</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;the
Accounts Receivable Advance Amount, </FONT><FONT SIZE=2><I>plus</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;the
Real Estate Subline only if, when and to the extent the Real Estate Conditions Precedent have been satisfied. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Borrowing Base Certificate"</B></FONT><FONT SIZE=2> shall mean a certificate delivered to the Agent, substantially in the form attached hereto as </FONT> <FONT SIZE=2><I>Exhibit&nbsp;D</I></FONT><FONT SIZE=2>, which calculates the
Borrower's Borrowing Base by setting forth, in detail reasonably acceptable to the Agent, among other things, the
amount of (i)&nbsp;Eligible Accounts Receivable, (ii)&nbsp;Eligible Inventory, and (iii)&nbsp;the value of the Real Estate Collateral, if any, in each case, as of the date indicated on the
certificate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Business Day"</B></FONT><FONT SIZE=2> shall mean any date on which both the Agent and JP Morgan Chase Bank are open for business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Chase Bank Rate"</B></FONT><FONT SIZE=2> shall mean the rate of interest per annum announced by JPMorgan Chase Bank from time to time as its prime rate in effect
at its principal office in New York City. (The prime </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2>rate
is not intended to be the lowest rate of interest charged by JPMorgan Chase Bank to its borrowers). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Chase Bank Rate Loans"</B></FONT><FONT SIZE=2> shall mean any loans or advances pursuant to this Financing Agreement made or maintained at a rate of interest
based upon the Chase Bank Rate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"CITBC"</B></FONT><FONT SIZE=2> shall have the meaning given such term in the preamble to this Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"CITBC Hold Position"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;13.10</I></FONT><FONT SIZE=2> of
this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Closing Date"</B></FONT><FONT SIZE=2> shall mean the date that this Financing Agreement has been duly executed by the parties hereto and delivered to the Agent
and the Initial Conditions Precedent to effectiveness have been fulfilled or waived. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Collateral"</B></FONT><FONT SIZE=2> shall mean all present and future Accounts, Equipment, Inventory, Documents of Title, General Intangibles, Real Estate,
pledged stock of the Borrowers' Subsidiaries and Other Collateral of each of the Borrowers, all present and future books and records relating to any of the foregoing Collateral (except any Equipment
not owned by Borrowers or in which another Person has a Permitted Encumbrance with priority over what would be that of the Agent, the terms of which other Permitted Encumbrance would be violated by
the attachment of the Agent's security interest therein), and all present and future proceeds of any of the foregoing Collateral, including, without limitation, insurance proceeds, supporting
obligations, and proceeds of proceeds. The foregoing notwithstanding, the "Collateral" shall not include any Equipment acquired with Indebtedness comprising Purchase Money Obligations, that is subject
to a Permitted Encumbrance, and the holder of such Permitted Encumbrance has prohibited a Borrower from granting any other lien or security interest in such Equipment as a condition or negative
covenant to such Borrower obtaining or maintaining the Indebtedness comprising Purchase Money Obligations, and such Borrower has not otherwise obtained a waiver of such condition or negative covenant,
until such Purchase Money Obligations have been finally paid or otherwise satisfied in full. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Collections"</B></FONT><FONT SIZE=2> shall mean all cash, checks, notes, instruments, and other items of payment (including, without limitation, insurance
proceeds, proceeds of cash sales, proceeds derived from sale, and
leaseback or other financing transactions relating to Equipment, Real Estate, rental proceeds, and tax refunds) of the Borrowers. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Collective Account"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;3.6(b)</I></FONT><FONT SIZE=2> of
this Financing Agreement </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Commitment"</B></FONT><FONT SIZE=2> shall mean each Lender's commitment in accordance with this Financing Agreement to make Revolving Loans, including risk
participations in amounts under the Letter of Credit Sub-Line, in the amount of their respective pro rata shares set forth on the signature pages hereof or the Assignment and Transfer
Agreement executed by each such Lender. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Confidential Information"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;13.6</I></FONT><FONT SIZE=2>
of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Consolidated Balance Sheet"</B></FONT><FONT SIZE=2> shall mean a consolidated balance sheet for the Parent and its Subsidiaries, eliminating all inter-company
transactions and prepared, in the case of any such quarterly or annual balance sheet, in accordance with GAAP consistently applied. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Conversion Date"</B></FONT><FONT SIZE=2> shall be the date that is one hundred eighty (180)&nbsp;days after the Closing Date. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Copyrights"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' present and hereafter acquired copyrights, copyright registrations, recordings,
applications, designs, styles, licenses, marks, prints and labels bearing any of the foregoing, goodwill, any and all general intangibles, intellectual property and rights pertaining thereto, and all
cash and non-cash proceeds thereof. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Customarily Permitted Liens"</B></FONT><FONT SIZE=2> shall mean: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;liens
of local or state authorities for franchise or other like taxes not exceeding Ten Million Dollars ($10,000,000) in the aggregate at any one time; </FONT> <FONT SIZE=2><I>provided that</I></FONT><FONT SIZE=2> such liens are not yet due or subject to a
Permitted Protest; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;statutory
liens of landlords and liens of carriers, warehousemen, mechanics, materialmen, vendors (other than Inventory vendors or suppliers, but including consignments)
and other like liens imposed by law, created in the ordinary course of business and for amounts not yet due (or which are being contested in good faith by appropriate proceedings or other appropriate
actions which are sufficient to prevent imminent foreclosure of such liens) and with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by
GAAP; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;deposits
made (and the liens thereon) in the ordinary course of business including, without limitation, security deposits for leases, surety bonds and appeal bonds,
deposits in connection with utilities, workers' compensation, unemployment insurance and other types of social security benefits or to secure the performance of tenders, bids, contracts (other than
for the repayment or guarantee of borrowed money or Purchase Money Obligations), statutory obligations and other similar obligations; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;easements
(including, without limitation, reciprocal easement agreements and utility agreements), rights of way, encroachments, minor defects or irregularities in title,
variation and other restrictions, liens, mortgages, charges or other encumbrances (whether or not recorded) affecting the Real Estate which do not materially detract from the value or materially
adversely affect the intended use of the Real Estate. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Default"</B></FONT><FONT SIZE=2> shall mean any event specified in </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> hereof, whether or not any
requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act, has been satisfied. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Default Rate of Interest"</B></FONT><FONT SIZE=2> shall mean a rate of interest per annum equal to the sum of: (i)&nbsp;two percent (2%), (ii)&nbsp;the Chase
Bank Rate, and (iii)&nbsp;the then Applicable Margin for Chase Bank Rate Loans, which rate the Agent shall be entitled to charge the Borrowers on all Obligations due the Lenders or the Agent by the
Borrowers to the extent provided in </FONT><FONT SIZE=2><I>Section&nbsp;10.2</I></FONT><FONT SIZE=2> of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Defaulting Lender"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;13.5(a)</I></FONT><FONT SIZE=2> of
this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Designated Sale-Leaseback Property"</B></FONT><FONT SIZE=2> shall mean a capital asset of a Borrower and as to which such Borrower has notified the
Agent in writing that such capital asset is, at such time, a Designated Sale-Leaseback Property and as to which such Borrower intends to enter into a sale-leaseback, mortgage,
or other financing, provided that such Designated Sale-Leaseback Property shall cease to be a Designated Sale-Leaseback Property upon the earlier to occur of twelve
(12)&nbsp;months after the date of such notice and the date on which such Designated Sale-Leaseback Property is financed pursuant to a sale-leaseback, mortgage, or other
financing permitted hereunder and not provided for in this Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Documentation Fee"</B></FONT><FONT SIZE=2> shall mean the Agent's fees relating to any and all modifications, waivers, releases, amendments or additional
collateral with respect to this Financing Agreement, the Collateral and/or the Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Documents of Title"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' present and future documents (as defined in the UCC), and any and all
warehouse receipts, bills of lading, shipping documents, chattel paper, instruments and similar documents, all whether negotiable or not and all goods and Inventory relating thereto and all cash and
non-cash proceeds of the foregoing. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

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<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Early Termination Date"</B></FONT><FONT SIZE=2> shall mean the date on which the Borrowers terminate this Financing Agreement and the Line of Credit, which date
is prior to an Anniversary Date. Notice of termination, as aforesaid, by any one Borrower shall be deemed to be notice by all the Borrowers for purposes hereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Early Termination Fee"</B></FONT><FONT SIZE=2> shall: (a)&nbsp;mean the fee the Agent on behalf of the Lenders is entitled to charge the Borrowers (if any) in
the event the Borrowers or any one of them terminates the Line of Credit or this Financing Agreement on a date prior to the second (2nd) Anniversary Date; and (b)&nbsp;be determined by multiplying
the Line of Credit by (x)&nbsp;one half percent (0.5%) if the Early Termination Date occurs on or before one (1)&nbsp;year from the Closing Date, and (y)&nbsp;one quarter percent (0.25%) if the
Early Termination Date occurs after one (1)&nbsp;year from the Closing Date but on or before two (2)&nbsp;years from the Closing Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"EBITDA"</B></FONT><FONT SIZE=2> shall mean, in any period, all consolidated earnings of the Parent and its consolidated Subsidiaries for said period before all
(i)&nbsp;interest and tax obligations, (ii)&nbsp;depreciation and (iii)&nbsp;amortization for said period, all determined in accordance with GAAP on a consistent basis with the latest audited
financial statements of the Borrowers, but excluding the effect of non-cash extraordinary and/or non-recurring gains or losses for such period, and excluding integration costs
not recognized in purchase accounting incurred by the Borrowers during the Integration Period in an aggregate amount not to exceed the lesser of (i)&nbsp;the actual amount of such integration costs
or (ii)&nbsp;Forty-Five Million Dollars ($45,000,000), solely for the Integration Period, plus all other non-cash items, including, but not limited to, the Borrowers' LIFO
reserve, each determined in accordance with GAAP consistently applied. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Effective Time"</B></FONT><FONT SIZE=2> shall have the meaning given such term in the Merger Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Eligible Accounts Receivable"</B></FONT><FONT SIZE=2> shall mean the gross amount of all of each of the Borrowers' Trade Accounts Receivable that are subject to
a valid, first priority perfected security interest in favor of the Agent, on behalf of the Lenders, which conform to the warranties contained herein and which, at all times, continue to be acceptable
to the Agent in the exercise of its reasonable business judgment, </FONT><FONT SIZE=2><I>less</I></FONT><FONT SIZE=2>, without duplication, the sum of: (a)&nbsp;any returns, discounts, claims,
credits and allowances of any nature (whether issued, owing, granted, claimed or outstanding), and (b)&nbsp;reserves for any such Trade Accounts Receivable that arise from or are subject to or
include: (i)&nbsp;sales to the United States of America, any state or other governmental entity or to any agency, department or division thereof, except for any such sales as to which such Borrower
has complied with the Assignment of Claims Act of 1940 or any other applicable statute, rules or regulation, to the Agent's satisfaction in the exercise of its reasonable business judgment;
(ii)&nbsp;foreign sales, other than sales which otherwise comply with all of the other criteria for eligibility hereunder and are (x)&nbsp;secured by letters of credit (in form and substance
satisfactory to the Agent) issued or confirmed by, and payable at, banks having a place of business in the United States of America, or (y)&nbsp;to customers residing in Canada provided such
Accounts do not exceed Three Million Dollars ($3,000,000.00) in the aggregate at any one time; (iii)&nbsp;Accounts that remain unpaid more than sixty (60)&nbsp;days from the relevant invoice due
date or one hundred twenty (120)&nbsp;days from invoice date; (iv)&nbsp;contra accounts (including, but not limited to, co-op accounts); (v)&nbsp;sales to Parent, any other Borrower,
any Subsidiary, or to any Affiliate of a Borrower; (vi)&nbsp;bill and hold (deferred shipment) or consignment sales; (vii)&nbsp;sales to any customer which is: (A)&nbsp;insolvent, (B)&nbsp;the
debtor in any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceedings under any federal or state law or (C)&nbsp;negotiating, or has called a meeting of its
creditors for purposes of negotiating, a compromise of its debts; (viii)&nbsp;all sales to any customer if fifty percent (50%) or more of the aggregate dollar amount of all outstanding invoices to
such customer are unpaid more than sixty (60)&nbsp;days from the relevant invoice due date or one hundred twenty (120)&nbsp;days from invoice date; (ix)&nbsp;pre-billed receivables
and receivables arising from progress billing; (x)&nbsp;an amount representing, historically, returns, discounts, claims, credits, allowances and applicable terms; (xi)&nbsp;sales not payable in
United States currency; (xii)&nbsp;sales to an Account Debtor whose total obligations owing </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

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<P><FONT SIZE=2>to
Borrowers exceed twenty percent (20%), in the aggregate, of Borrowers' Trade Accounts Receivable; (xiii)&nbsp;amounts due from any credit card issuer or processor that remain unpaid more than
five (5)&nbsp;days from the relevant due date; and (xiv)&nbsp;any other reasons deemed necessary by the Agent in its reasonable judgment, and which are customary either in the commercial finance
industry or in the lending practices of the Agent and/or the Lenders and which are relevant to Borrowers' Trade Accounts Receivable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Eligible Inventory"</B></FONT><FONT SIZE=2> shall mean the gross amount of all of each of the Borrowers' Inventory that is subject to a valid, first priority
perfected security interest in favor of the Agent, on behalf of the Lenders, and which conforms to the warranties contained herein and which, at all times, continues to be acceptable to the Agent in
the exercise of its reasonable business judgment, less, without duplication, any (a)&nbsp;work-in-process, (b)&nbsp;supplies (other than raw materials),
(c)&nbsp;Inventory not present in the United States of America, (d)&nbsp;Inventory returned or rejected by any of the Borrowers' customers (other than goods that are undamaged and resalable in the
normal course of business) and goods to be returned to a Borrower's suppliers, (e)&nbsp;Inventory in transit to or from third parties (other than a Borrower's agents or warehouses), or in the
possession of a warehouseman, bailee, third party processor, or other third party, unless, within ninety (90)&nbsp;days of the Closing Date (or such greater period prescribed by the Agent in its
sole discretion), such warehouseman, bailee or third party has executed a notice of security interest agreement (in form and
substance satisfactory to the Agent) and the Agent shall have a first priority perfected security interest in such Inventory, and (f)&nbsp;less any reserves required by the Agent in its reasonable
discretion, including without limitation for special order goods, discontinued, slow-moving and obsolete Inventory, market value declines, bill and hold (deferred shipment), consignment
sales, shrinkage and any applicable customs, freight, and duties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Equipment"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' present and hereafter acquired equipment (as defined in the UCC) including, without
limitation, all machinery, equipment, furnishings and fixtures, and all additions, substitutions and replacements thereof, wherever located, together with all attachments, components, parts, equipment
and accessories installed thereon or affixed thereto and all proceeds thereof of whatever sort. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Equipment and Real Estate Liens"</B></FONT><FONT SIZE=2> shall mean liens on any item of Equipment and/or Real Estate (in each case whether owned as of the date
hereof or acquired hereafter) or a Lien on any piece of Collateral as part of a sale-leaseback, mortgage or other financing incurred in connection with the acquisition of such Equipment
and/or Real Estate or in connection with Designated Sale-Leaseback Property and provided that </FONT><FONT SIZE=2><B>(a)</B></FONT><FONT SIZE=2> each such lien has attached or shall
attach, as applicable, only to the specific Equipment or Real Estate financed or sold and leased back, </FONT><FONT SIZE=2><B>(b)</B></FONT><FONT SIZE=2> a description of the Equipment and/or Real
Estate so financed (or sold and leased back) has been or is, as applicable, furnished to the Agent, and </FONT><FONT SIZE=2><B>(c)</B></FONT><FONT SIZE=2> the debt incurred in connection with such
acquisition and/or financing does not exceed, in the aggregate, Twenty Five Million Dollars ($25,000,000) in any Fiscal Year (other than for sale-leasebacks of Designated Sale Leaseback
Property as to which this clause&nbsp;(c) shall not apply). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"ERISA"</B></FONT><FONT SIZE=2> shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time and the rules and regulations
promulgated thereunder from time to time, as applicable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Eurocurrency Reserve Requirements"</B></FONT><FONT SIZE=2> for any day, as applied to a LIBOR Loan, shall mean the aggregate (without duplication) of the maximum
rates of reserve requirements (expressed as a decimal fraction) in effect with respect to the Agent and/or any present or future Lender or Participant on such day (including, without limitation,
basic, supplemental, marginal and emergency reserves under Regulation&nbsp;D or any other applicable regulations of the Board of Governors of the Federal Reserve System or other governmental
authority having jurisdiction with respect thereto, as now and from time to time in effect, dealing with reserve requirements prescribed for Eurocurrency funding (currently referred to as
"Eurocurrency Liabilities" in Regulation&nbsp;D of such Board) maintained by the Agent </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

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<P><FONT SIZE=2>and/or
any such Lenders or Participants (such rate to be adjusted to the nearest one sixteenth of one percent (1/16 of 1%) or, if there is not a nearest one sixteenth of one percent (1/16 of 1%), to
the next higher one sixteenth of one percent (1/16 of 1%)). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Event(s) of Default"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;10.1</I></FONT><FONT SIZE=2> of
this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Family Member"</B></FONT><FONT SIZE=2> means, with respect to any individual, any other individual having a relationship by blood (to the second degree of
consanguinity), marriage, or adoption to such individual. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Family Trusts"</B></FONT><FONT SIZE=2> means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family
Members of such individual and in respect of which such individual serves as trustee or in a similar capacity. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Fee Letter"</B></FONT><FONT SIZE=2> shall mean that certain fee letter, dated as of February&nbsp;19, 2003, between Agent and the Parent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"FIFO"</B></FONT><FONT SIZE=2> shall mean the first in&#151;first out method of accounting for Inventory. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Financial Covenants"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section 7.10(c)</I></FONT><FONT SIZE=2> of this
Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Financing Agreement"</B></FONT><FONT SIZE=2> shall mean this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Fiscal Month"</B></FONT><FONT SIZE=2> shall mean any Borrower's fiscal month consisting of four (4)&nbsp;or five (5)&nbsp;weeks. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Fiscal Quarter"</B></FONT><FONT SIZE=2> shall mean any Borrower's fiscal quarters consisting of three (3)&nbsp;consecutive Fiscal Months. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Fiscal Year"</B></FONT><FONT SIZE=2> shall mean a period of four (4)&nbsp;consecutive Fiscal Quarters ending on the last Saturday closest to
January&nbsp;31st. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Fixed Charge Coverage Ratio"</B></FONT><FONT SIZE=2> shall mean, for the twelve (12)&nbsp;month period then ending, the ratio determined by dividing EBITDA,
less capital expenditures (as defined in accordance with GAAP) actually paid, by the sum of (a)&nbsp;all Interest Expense actually paid during such period, (b)&nbsp;principal amounts paid on any
Indebtedness other than the Obligations, and (c)&nbsp;all federal, state and local income tax expenses paid. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_le2148_1_10"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>"Fleet"</B></FONT><FONT SIZE=2> shall mean Fleet Retail Finance&nbsp;Inc., a Delaware corporation. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"GAAP"</B></FONT><FONT SIZE=2> shall mean generally accepted accounting principles in the United States of America as in effect from time to time and for the
period as to which such accounting principles are to apply. Except as otherwise provided in this Financing Agreement, all computations and determinations as to accounting or financial matters and all
quarterly and annual consolidated financial statements to be delivered pursuant to this Financing Agreement shall be made and prepared in accordance with GAAP (including principles of consolidation
where appropriate), and all accounting terms and all financial terms not otherwise defined herein shall have the meanings ascribed to such terms by GAAP. In the event the Borrowers modify their
accounting principles and procedures as applied as of the Closing Date, the Borrowers shall, at the request of the Agent, provide to the Agent such statements of reconciliation as shall be in form and
substance reasonably acceptable to the Agent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Gart Sports Credit Facility"</B></FONT><FONT SIZE=2> shall mean that certain Amended and Restated Financing Agreement, dated June&nbsp;7, 2001, by and among
the financial institutions a party thereto, as lenders, and CITBC, as agent for the lenders, on the one hand, and certain Affiliates and Subsidiaries of Parent a party thereto as
co-borrowers, on the other hand, and together with the agreements, documents and instruments executed in connection therewith, as each has been amended and modified from time to time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"General Intangibles"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrower's present and hereafter acquired general intangibles (as defined in the UCC),
and shall include, without limitation, all present and future right, title and interest in and to: (a)&nbsp;all Trademarks, tradenames, corporate names, business names, logos and any other designs
or sources of business identities, (b)&nbsp;Patents, together with any improvements on said Patents, utility models, industrial models, and designs, (c)&nbsp;Copyrights, (d)&nbsp;trade secrets,
(e)&nbsp;licenses, permits and franchises, (f)&nbsp;all applications with respect to the foregoing, (g)&nbsp;all right, title and interest in and to any and all extensions and renewals,
(h)&nbsp;goodwill with respect to any of the foregoing, (i)&nbsp;any other forms of similar intellectual property, (j)&nbsp;all customer lists, distribution agreements, supply agreements, blue
prints, indemnification rights and tax refunds, together with all monies and claims for monies now or hereafter due and payable in connection with any of the foregoing or otherwise, and all cash and
non-cash proceeds thereof, including, without limitation, the proceeds or royalties of any licensing agreements between any Borrower and any licensee of any such Borrower's General
Intangibles. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Gold Acquisition"</B></FONT><FONT SIZE=2> shall mean Gold Acquisition Corp., a Delaware corporation, a wholly owned subsidiary of Parent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Guarantors"</B></FONT><FONT SIZE=2> shall mean the Persons set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;G</I></FONT><FONT SIZE=2> attached hereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Guaranty"</B></FONT><FONT SIZE=2> shall mean that certain General Continuing Guaranty, dated as of even date herewith, by and among the Guarantors and Agent, in
substantially the form attached hereto as </FONT><FONT SIZE=2><I>Exhibit&nbsp;E</I></FONT><FONT SIZE=2>. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Indebtedness"</B></FONT><FONT SIZE=2> shall mean, without duplication, all liabilities, contingent or otherwise, which are any of the following:
(a)&nbsp;obligations in respect of borrowed money or for the deferred purchase price of property, services or assets, other than Inventory; and (b)&nbsp;lease obligations which, in accordance with
GAAP, have been, or which should be capitalized, but excluding leases of property by the Borrowers under the MLTC Documents. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Indemnified Party"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;7.12</I></FONT><FONT SIZE=2> of this
Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Initial Conditions Precedent"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT> <FONT SIZE=2><I>Section&nbsp;2.1</I></FONT><FONT SIZE=2> of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Initial Margin"</B></FONT><FONT SIZE=2> shall mean for any Chase Bank Rate Loan, 0.0% per annum, and for any LIBOR Rate Loan, 2.0% per annum. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Insurance Proceeds"</B></FONT><FONT SIZE=2> shall mean proceeds or payments from an insurance carrier with respect to any loss, casualty or damage to Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Intangible Assets"</B></FONT><FONT SIZE=2> shall mean that portion of the book value of all of the Borrowers' assets that would be treated as intangibles under
GAAP. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Integration Period"</B></FONT><FONT SIZE=2> shall mean the twelve (12)&nbsp;month period immediately following the Effective Time. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Intellectual Property Agreements"</B></FONT><FONT SIZE=2> mean those certain collateral assignments of intellectual property, of even date herewith, by and
between Agent, on behalf of the Lenders, and each applicable Borrower,
pledging all of such Borrower's domestic Trademarks, Copyrights, and Patents, at Agent's discretion, whether registered, pending, or otherwise, to Agent for the benefit of the Lenders to secure the
Obligations, each substantially in the forms attached hereto as </FONT><FONT SIZE=2><I>Exhibit&nbsp;H</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Intellectual Property Security Agreement"</B></FONT><FONT SIZE=2> mean that certain collateral assignments of intellectual property, of even date herewith, by
and between Agent, on behalf of the Lenders and Services pledging all of its domestic Trademarks, Copyrights, and Patents, at Agent's discretion, whether registered, pending, or otherwise, to Agent
for the benefit of the Lenders to secure its portion of the Guarantied Obligations, as such term is defined in the Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Interest Coverage Ratio"</B></FONT><FONT SIZE=2> shall mean a ratio determined as of the relevant calculation date by dividing EBITDA by Interest Expense for the
twelve (12)&nbsp;month period ending on such date, determined on a rolling twelve (12)&nbsp;month basis (or in the case of any calculation date within one year after the date of this Financing
Agreement, for the period from the Closing Date to such calculation date on a cumulative basis). </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Interest Expense"</B></FONT><FONT SIZE=2> shall mean (i)&nbsp;total cash interest obligations paid by the Parent and its consolidated Subsidiaries determined
in accordance with GAAP on a basis consistent with the latest audited statements of the Parent and its consolidated Subsidiaries, excluding amortization of financing and commitment fees related
thereto and original issue discounts, if any, minus (ii)&nbsp;interest income, if any. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Inventory"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' present and hereafter acquired inventory (as defined in the UCC) and including,
without limitation, all merchandise, inventory and goods, and all additions, substitutions and replacements thereof, wherever located, together with all goods and materials used or usable in
manufacturing, processing, packaging or shipping the same in all stages of production, from raw materials through work-in-process to finished goods&#151;and all proceeds
thereof of whatever sort. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Inventory Advance Amount"</B></FONT><FONT SIZE=2> shall mean (a)&nbsp;the lesser of (y)&nbsp;seventy percent (70%) of Eligible Inventory (valued at the lower
of net book value or market value), and (z)&nbsp;eighty-five percent (85%) of the appraised net orderly liquidation value of Eligible Inventory, and (b)&nbsp;during a Seasonal Advance
Period, the Seasonal Advance Amount. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Investment Property"</B></FONT><FONT SIZE=2> shall mean "investment property" as that term is defined in the UCC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Issuing Bank"</B></FONT><FONT SIZE=2> shall mean any bank issuing Letters of Credit for a Borrower. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Lender"</B></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><B>"Lenders"</B></FONT><FONT SIZE=2> shall have the meaning given such terms in the preamble to this
Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Letters of Credit"</B></FONT><FONT SIZE=2> shall mean all letters of credit issued with the assistance of the Lenders acting through the Agent by the Issuing
Banks for or on behalf of the Borrowers and issued pursuant to this Financing Agreement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Letter of Credit Guaranty"</B></FONT><FONT SIZE=2> shall mean any guaranty delivered by the Agent to the Issuing Bank of a Borrowers' reimbursement obligations
under the Issuing Bank's reimbursement agreement, application for Letters of Credit or other like documents. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Letter of Credit Guaranty Fee"</B></FONT><FONT SIZE=2> shall mean the fee the Agent shall charge for the benefit of the Lenders under </FONT> <FONT SIZE=2><I>Section&nbsp;8.3</I></FONT><FONT SIZE=2> of this Financing Agreement for:
(i)&nbsp;issuing the Letter of Credit Guaranty or (ii)&nbsp;otherwise aiding the Borrowers in
obtaining Letters of Credit pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;5</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Letter of Credit Sub-Line"</B></FONT><FONT SIZE=2> shall mean Seventy Five Million Dollars ($75,000,000). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"LIBOR"</B></FONT><FONT SIZE=2> shall mean, at any time of determination, and subject to availability, for each applicable LIBOR Period, a variable rate of
interest equal to: (a)&nbsp;at Agent's election (i)&nbsp;the rate set forth in the New York edition of The Wall Street Journal under the "Money Rates" section for "London Interbank Offered Rates",
(ii)&nbsp;the applicable LIBOR quoted to Agent by JPMorgan Chase Bank (or any successor thereof), or (iii)&nbsp;the rate of interest determined by Agent at which deposits in U.S. dollars are
offered for the relevant LIBOR Period based on information presented on Telerate Systems at Page 3750 as of 11:00&nbsp;A.M. (London time) on the day which is two (2)&nbsp;Business Days prior to
the first day of such LIBOR Period, </FONT><FONT SIZE=2><I>provided that,</I></FONT><FONT SIZE=2>if at least two such offered rates appear on the Telerate Page (or any successor thereof) 3750 in
respect of such LIBOR Period, the arithmetic mean of all such rates (as determined by Agent) will be the rate used; in each case divided by (b)&nbsp;a number equal to 1.0 minus the aggregate (but
without duplication) of the rates (expressed as a decimal fraction) of Eurocurrency Reserve Requirements in effect on the day which is two (2)&nbsp;Business Days prior to the beginning of such LIBOR
Period. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"LIBOR Lending Office"</B></FONT><FONT SIZE=2> with respect to the Agent, shall mean the office of JPMorgan Chase Bank, or any successor thereof, maintained at
270 Park Avenue, New York, NY 10017. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"LIBOR Loan"</B></FONT><FONT SIZE=2> shall mean any loans made pursuant to this Financing Agreement which are made or maintained at a rate of interest based upon
LIBOR, provided that (i)&nbsp;no Default or Event of Default has occurred hereunder, which has not been waived in writing by the Required Lenders, and (ii)&nbsp;no LIBOR Loan shall be made with an
LIBOR Period that ends subsequent to the Maturity Date or any applicable Early Termination Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"LIBOR Period"</B></FONT><FONT SIZE=2> shall mean the LIBOR for one month, two month, three month, or six month dollar deposits, as selected by the Borrowers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"LIFO"</B></FONT><FONT SIZE=2> shall mean the last in-first out method of accounting for Inventory. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Line of Credit"</B></FONT><FONT SIZE=2> shall mean the commitment of the Lenders acting through the Agent to make loans and advances and issue Letter of Credit
Guaranties, all pursuant to and in accordance with </FONT><FONT SIZE=2><I>Sections 3</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>5</I></FONT><FONT SIZE=2> of this Financing Agreement, in the
aggregate amount of Six Hundred Million Dollars ($600,000,000); </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that the Borrowers
may reduce the Line of Credit in increments of not less than Twenty Five Million Dollars ($25,000,000) from time to time provided that (i)&nbsp;no Event of Default has occurred and is continuing or
would result therefrom; (ii)&nbsp;Borrowers give the Agent at least sixty (60)&nbsp;days advance written notice of their election to reduce the Line of Credit; and (iii)&nbsp;Borrowers pay to
the Agent the amount (if any) by which the Obligations on such reduction date would exceed the lesser of (i)&nbsp;the Line of Credit or (ii)&nbsp;(a)&nbsp;the Borrowing Base less (b)&nbsp;any
Availability Reserve(s) (excluding all obligations in respect of the outstanding amounts of any Letter of Credit). Notwithstanding the foregoing, the aggregate amount of all such reductions of the
Line of Credit in any twelve (12)&nbsp;month period may not exceed One Hundred Million Dollars ($100,000,000), and in no event may the Line of Credit be less than Four Hundred Million Dollars
($400,000,000). In the event that the Borrowers elect to reduce the Line of Credit, any such reduction shall be permanent and binding on the Borrowers, shall be allocated pro rata among the
Committments of the Lenders, and the Agent and the Lenders shall be under no obligation to extend any financial accommodations to Borrowers in excess of the Line of Credit, as reduced. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Loan Documents"</B></FONT><FONT SIZE=2> shall mean and include this Financing Agreement, the Stock Pledge Agreements, the Suretyship Agreement, the Note, the
Mortgages (if any), the Intellectual Property Agreements, and each of the documents, agreements, and instruments executed from time to time in connection herewith and therewith, as the same may be
amended, restated, modified, supplemented or replaced. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Margin Stock"</B></FONT><FONT SIZE=2> shall have the meaning assigned to such term in Regulation&nbsp;U of the Board of Governors of the Federal Reserve System
(12 C.F.R. 221.2, as amended), and specifically exclude treasury stock of Parent, the aggregate value of which shall not, at anytime, exceed Five Million Dollars ($5,000,000). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Material Adverse Effect"</B></FONT><FONT SIZE=2> means a material adverse effect on the business, assets or condition of the Parent and its consolidated
Subsidiaries taken as a whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Material Subsidiary"</B></FONT><FONT SIZE=2> means, at any time and from time to time, any subsidiary (i)&nbsp;owning at least five percent (5.0%) of the Total
Assets or (ii)&nbsp;generating at least five percent (5.0%) of the net income or loss. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Maturity Date"</B></FONT><FONT SIZE=2> shall mean the date occurring four (4)&nbsp;years from the Closing Date or any subsequent Anniversary Date, but only if
the Agent provides the notice described in </FONT><FONT SIZE=2><I>Section&nbsp;11</I></FONT><FONT SIZE=2>. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Merger"</B></FONT><FONT SIZE=2> shall have the meaning given such term in the recitals to this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Merger Agreement"</B></FONT><FONT SIZE=2> shall have the meaning given such term in the recitals to this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Minimum Availability"</B></FONT><FONT SIZE=2> means Availability of not less than (a)&nbsp;Fifty Million Dollars ($50,000,000) for the period commencing on the
Closing Date (after giving effect to the initial advances made on the Revolving Loans on such date) through and including the first (1<SUP>st</SUP>) Anniversary Date; (b)&nbsp;Sixty Million
Dollars ($60,000,000) for the period commencing on the first day following the first (1<SUP>st</SUP>) Anniversary Date through and including the second (2<SUP>nd</SUP>) Anniversary Date; and
(c)&nbsp;Seventy Five Million Dollars ($75,000,000) for the period commencing on the first day following the second (2<SUP>nd</SUP>) Anniversary Date and for all times thereafter. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"MLTC Documents"</B></FONT><FONT SIZE=2> shall mean the Amended and Restated Master Lease Agreement dated as of April&nbsp;20, 1994 between MLTC
Funding,&nbsp;Inc. and Thrifty Corporation, the Amended and Restated Master Lease Agreement dated as of April&nbsp;20, 1994 between MLTC Funding,&nbsp;Inc. and Thrifty Realty Company, and all
other documents and instruments delivered or to be delivered pursuant thereto or in connection therewith, in each case, as may be amended or otherwise modified from time to time in accordance with its
terms. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Moody's"</B></FONT><FONT SIZE=2> shall mean Moody's Investors Services,&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Mortgages"</B></FONT><FONT SIZE=2> shall mean, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and
delivered by the Borrowers (or a Borrower, as applicable) in favor of Agent for the benefit of the Lenders, each in form and substance reasonably satisfactory to Agent, that encumber the Real Estate
Collateral and the related improvements thereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Non-Revolving Portion"</B></FONT><FONT SIZE=2> shall mean and refer to that portion or amount of the Revolving Loans equal to Twenty Million Dollars
($20,000,000). In no event shall the amount of the Obligations outstanding hereunder be less than the Non-Revolving Portion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Note"</B></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><B>"Notes"</B></FONT><FONT SIZE=2> shall mean those certain Revolving Loan Promissory Notes, dated as of
even date herewith, executed by Borrowers in favor of the Agent and the Lenders, substantially in the form attached hereto as </FONT><FONT SIZE=2><I>Exhibit&nbsp;B</I></FONT><FONT SIZE=2>. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>13</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Obligations"</B></FONT><FONT SIZE=2> shall mean all loans, advances and extensions of credit to, and any and all indebtedness and obligations made or to be made
by the Agent and/or the Lenders to, or which may at any time be owing by, the Borrowers, or any one of them, or to others for the Borrowers' account, whether now in existence or incurred by the
Borrowers or any one of them from time to time hereafter, in each case, pursuant to the terms of this Financing Agreement (including, without limitation, all Revolving Loans, Letters of Credit and
Letter of Credit Guaranties); whether principal, interest, fees, costs, expenses or otherwise; whether secured by pledge, lien upon or security interest in any of the Borrowers' Collateral, assets or
property or the assets or property of any other person, firm, entity or corporation; whether such indebtedness is absolute or contingent, joint or several, matured or unmatured, direct or indirect and
whether the Borrowers are liable to the Agent and/or the Lenders for such indebtedness as principal, surety, endorser, guarantor or otherwise. Obligations shall also include indebtedness owing to the
Agent and/or the Lenders by the Borrowers or any one of them under any Loan Document or under any Product Obligations; indebtedness or obligations incurred by, or imposed on, the Agent and/or the
Lenders as a result of environmental claims arising out of any of the Borrowers' operations, premises or waste disposal practices or sites; the Borrowers' liability to the Agent and/or the Lenders as
maker or endorser of any promissory note or other instrument for the payment of money in connection with this Financing Agreement; the Borrowers' liability in connection with this Financing Agreement
to the Agent and/or the Lenders under any instrument of guaranty or indemnity, or arising under any guaranty, endorsement or undertaking which the Agent and/or the Lenders may make or issue to others
for the Borrowers' account, including any Letter of Credit Guaranty or other accommodation extended by Agent and/or the Lenders with respect to applications for Letters of Credit, the Agent and/or the
Lenders acceptance of drafts or the Agent and/or the Lenders endorsement of notes or other instruments for the Borrowers' account and benefit. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Other Collateral"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' now owned and hereafter acquired lockbox, blocked account and any other
deposit accounts maintained with any bank or financial institutions into which the proceeds of Collateral are or may be deposited; all other deposit accounts; all Investment Property; all cash and
other monies and property in the possession or control of the Agent and/or any of the Lenders; all books, records, ledger cards, disks and related data processing software at any time evidencing or
containing information relating to any of the Collateral described herein or otherwise necessary or helpful in the collection thereof or realization thereon; and all cash and non-cash
proceeds of the foregoing. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Other Overadvance"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;8.1(b)</I></FONT><FONT SIZE=2> of
this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Out-of-Pocket Expenses"</B></FONT><FONT SIZE=2> shall mean all of the Agent's present and future reasonable expenses incurred relative to
this Financing Agreement or any other Loan Documents, whether incurred heretofore or hereafter, which expenses shall include, without being limited to: the cost of record searches, all costs and
expenses incurred by the Agent in opening bank accounts, depositing checks, receiving and transferring funds, and wire transfer charges, any charges imposed on the Agent due to returned items and
"insufficient funds" of deposited checks and the Agent's standard fees relating thereto, any amounts paid by, incurred by or charged to, the Agent and/or the Lenders by the Issuing Bank under a Letter
of Credit Guaranty or a Borrower's reimbursement agreement, application for Letters of Credit or other like document which pertain either directly or indirectly to such Letters of Credit, and the
Agent's standard fees relating to the Letters of Credit and any drafts thereunder, reasonable and customary travel, lodging and similar expenses of the Agent's personnel in connection with inspecting
and monitoring the Collateral from time to time hereunder and subject to the limitations contained herein, applicable counsel fees and disbursements, fees and taxes relative to the filing of financing
statements, all expenses, costs and fees set forth in </FONT><FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2> of this Financing Agreement, and title insurance premiums, real estate survey
costs, costs of preparing and recording mortgages/deeds of trust against the Real Estate Collateral. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>14</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Outstanding Letters of Credit"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT> <FONT SIZE=2><I>Section&nbsp;5.9</I></FONT><FONT SIZE=2> of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Overadvance"</B></FONT><FONT SIZE=2> shall mean the amount by which the sum of all outstanding Revolving Loans, Availability Reserves (excluding all obligations
in respect of the outstanding amounts of any Letter of Credit) and Letters of Credit made hereunder exceed the lesser of (a)&nbsp;the Borrowing Base or (b)&nbsp;the Line of Credit. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Overadvance Rate"</B></FONT><FONT SIZE=2> shall mean, for Chase Bank Rate Loans, a rate of interest per annum equal to the sum of: (i)&nbsp;two percent (2%),
(ii)&nbsp;the Chase Bank Rate, and (iii)&nbsp;the then Applicable Margin for Chase Bank Rate Loans, and for LIBOR Loans, a rate of interest equal to the sum of: (i)&nbsp;two percent (2%),
(ii)&nbsp;the LIBOR Rate, and (iii)&nbsp;the then Applicable Margin for LIBOR Loans, which rate the Agent shall be entitled to charge the Borrowers on the Obligations pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;8.1(b)</I></FONT><FONT SIZE=2> of
this Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Parent"</B></FONT><FONT SIZE=2> shall have the meaning given such term in the preamble to this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Participant"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;13.5(a)</I></FONT><FONT SIZE=2> of this
Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Patents"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' present and hereafter acquired patents, patent applications, registrations, any
reissues or renewals thereof, licenses, any inventions and improvements claimed thereunder, and all general intangible, intellectual property and patent rights with respect thereto of the Borrowers or
any one of them and all income, royalties, cash and non-cash proceeds thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Permitted Encumbrances"</B></FONT><FONT SIZE=2> shall mean: (i)&nbsp;liens expressly permitted, or consented to, by the Agent on behalf of the Lenders;
(ii)&nbsp;Customarily Permitted Liens; (iii)&nbsp;liens granted to the Agent on behalf of the Lenders by the Borrowers; (iv)&nbsp;liens of judgment creditors, provided such liens do not exceed,
in the aggregate, at any time, Five Million Dollars $5,000,000 (other than liens bonded or insured to the reasonable satisfaction of the Agent); (v)&nbsp;filed liens for taxes not yet due and
payable or which are being diligently contested in good faith by the Borrowers by appropriate proceedings, and for which adequate reserves with respect thereto are maintained on the books of the
Borrowers in accordance with GAAP; (vi)&nbsp;liens, if any, given to an Issuing Bank in connection with a Letter of Credit obtained with the assistance of a Letter of Credit Guaranty;
(vii)&nbsp;liens securing Purchase Money Obligations; (viii)&nbsp;liens and other encumbrances in existence on the date hereof; (ix)&nbsp;liens given to an issuer of a sight letter of credit
issued without the assistance of the Letter of Credit Guaranty provided such liens do not secure Indebtedness in excess of Five Million Dollars ($5,000,000) in the aggregate at any one time;
(x)&nbsp;liens in favor of consignors on consigned goods and verified as having been excluded by the Borrowers from any determination of Eligible Inventory, provided such liens do not exceed, in the
aggregate, at any time, Five Million Dollars ($5,000,000); (xi)&nbsp;liens on property or assets of the Borrowers, including but not limited to the Collateral, securing obligations or indebtedness
of the Borrowers (excluding the Obligations), provided such liens do not secure obligations or indebtedness in the aggregate, at any time, in excess of Five Million Dollars ($5,000,000);
(xii)&nbsp;any extension, renewal or replacement of any of the foregoing, provided that any extension, renewal or replacement lien shall be limited to the property or assets covered by the lien
extended, renewed or replaced and the obligation secured by such extension, renewal or replacement lien shall be in an amount not greater than the obligations (plus interest and fees) secured by the
lien extended, renewed or replaced, (xiii)&nbsp;liens and rights of set-off in favor of depository banks arising in the ordinary course of business, unless waived pursuant to a blocked
account or similar agreements, (xiv)&nbsp;Permitted Real Estate Encumbrances, and (xv)&nbsp;landlord's liens, carrier's, warehousemen's, mechanics', material men's, repairmen's or similar
encumbrances on Equipment arising in the ordinary course of business which are not overdue for a period of more than thirty (30)&nbsp;days or that are being contested in good faith by appropriate
proceedings, provided that adequate reserves with respect thereto are maintained on the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>15</FONT></P>

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<P><FONT SIZE=2>books
of the Borrowers in accordance with GAAP, provided such encumbrances (in addition to any encumbrances otherwise permitted by clause&nbsp;(xiv) hereof) do not exceed, in the aggregate, at any
time, Five Million Dollars ($5,000,000). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Permitted Indebtedness"</B></FONT><FONT SIZE=2> shall mean: (i)&nbsp;Indebtedness incurred in the ordinary course of business for the purchase of Inventory,
services, taxes or labor; (ii)&nbsp;Indebtedness arising in connection with Letters of
Credit, this Financing Agreement and the Loan Documents; (iii)&nbsp;deferred taxes and other expenses incurred in the ordinary course of business; (iv)&nbsp;other Indebtedness existing on the date
of execution of this Financing Agreement and listed in the most recent financial statement delivered to the Agent or otherwise disclosed to the Agent in writing, and any extension, renewal or
replacement of any of such Indebtedness, provided that any such extension, renewal or replacement Indebtedness shall be in a principal amount not greater than the amount of the Indebtedness being
extended, renewed or replaced (plus interest and fees related thereto); (v)&nbsp;Indebtedness to the extent secured by, the Permitted Encumbrances; (vi)&nbsp;Indebtedness under any sight letters
of credit issued without the assistance of the Letter of Credit Guaranty provided such Indebtedness does not exceed Five Million Dollars ($5,000,000) in the aggregate at any one time;
(vii)&nbsp;Indebtedness owed by any one of the Borrowers to any other Borrower; (viii)&nbsp;Indebtedness in an aggregate amount not to exceed Two Hundred Fifty Million Dollars ($250,000,000) at
any time which is subordinated to the Obligations, </FONT><FONT SIZE=2><I>provided that</I></FONT><FONT SIZE=2> the terms and conditions of such Indebtedness conform at all times in all material
respects to the terms and conditions set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;A</I></FONT><FONT SIZE=2> attached hereto; (ix)&nbsp;other Indebtedness of the Borrowers, including, without
limitation, Purchase Money Obligations, in an amount not to exceed Fifty Million Dollars ($50,000,000) in the aggregate at any time outstanding, provided such Indebtedness is not secured (subject to </FONT> <FONT SIZE=2><I>Section&nbsp;6.8(a)
</I></FONT><FONT SIZE=2>) by the Collateral; and (x)&nbsp;Indebtedness incurred in the form of surety, customs and appeal bonds and other obligations of
a similar nature. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Permitted Investments"</B></FONT><FONT SIZE=2> shall mean (i)&nbsp;commercial paper and municipal bonds, in each case issued or guaranteed by a Person rated
P-1 or better by Moody's or A-1 or MIG-1 or better by S&amp;P, (ii)&nbsp;certificates of deposit, time deposits, Eurodollar deposits or bankers' acceptances maturing
not more than one year after the date of issue, issued by any commercial banking institution, which is a member of the Federal Reserve System and has a combined capital and surplus and undivided
profits of not less than Five Hundred Million Dollars ($500,000,000), (iii)&nbsp;repurchase agreements having maturities of not more than one year and which are secured by readily marketable direct
obligations of the Government of the United States of America or any agency thereof, (iv)&nbsp;readily marketable obligations of the Government of the United States of America or any agency thereof;
(v)&nbsp;readily marketable obligations issued by any state of the United States or any political subdivision thereof having a rating by Moody's or S&nbsp;&amp; P of "A" or its equivalent or better;
(vi)&nbsp;Margin Stock; and (vii)&nbsp;mutual funds regularly traded in the United States of America whose investments are limited to those described in clauses (i)&nbsp;through
(v)&nbsp;above. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Permitted Protest"</B></FONT><FONT SIZE=2> shall mean the right of the Borrowers to protest any lien or security interest (other than any such lien or security
interest that secures the Obligations), taxes, or rental payment, provided that (a)&nbsp;a reserve with respect to such obligation is established on the books and records in such amount to the
extent required under GAAP, (b)&nbsp;any such protest is prosecuted diligently by the Borrowers in good faith, and (c)&nbsp;Agent is satisfied that, while any such protest is pending, there will
be no impairment of the enforceability, validity, or priority of any of the Agent's liens and security interests in the Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Permitted Real Estate Encumbrances"</B></FONT><FONT SIZE=2> shall mean any of the following: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;encumbrances
on the Real Estate for taxes not yet due and payable or which are being contested in good faith by appropriate proceedings, </FONT><FONT SIZE=2><I>provided
that</I></FONT><FONT SIZE=2> adequate reserves with respect thereto are maintained on the books of the Borrowers in accordance with GAAP; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>16</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;landlord's
liens, carrier's, warehousemen's, mechanics', materialmen's, repairmen's or similar encumbrances on the Real Estate arising in the ordinary course of business
which are not overdue for a period of more than thirty (30)&nbsp;days or that are being contested in good faith by appropriate proceedings, </FONT><FONT SIZE=2><I>provided
that</I></FONT><FONT SIZE=2> adequate reserves with respect thereto are maintained on the books of the Borrowers in accordance with GAAP; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;deposits
to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds
and other obligations of a like nature in the ordinary course of business; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;easements,
rights of way, restrictions and other similar encumbrances described on the title insurance policies furnished to the Agent on the date hereof, and such other
easements, rights of way, restrictions and other similar encumbrances that do not adversely affect the use or development of the Real Estate. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Person"</B></FONT><FONT SIZE=2> shall mean an individual, partnership, corporation, business trust, joint stock company, trust, limited liability company,
unincorporated association, joint venture, governmental authority or other entity of whatever nature. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Personal Property Collateral"</B></FONT><FONT SIZE=2> shall mean all Collateral other than Real Estate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Product Obligations"</B></FONT><FONT SIZE=2> shall mean each, every and all of the obligations of each Borrower under and in respect of any one or more of the
following types of services or facilities extended to such Borrower by Agent, any Lender or any Affiliate of Agent or any Lender: (i)&nbsp;credit cards, (ii)&nbsp;cash management or related
services including the automatic clearing house transfer of funds for the account of such Borrower pursuant to agreement or overdraft, (iii)&nbsp;cash management, including controlled disbursement
services, (iv)&nbsp;debt arising out of factoring arrangements between any Person and Agent, and any Affiliate thereof, and (v)&nbsp;all obligations in respect of interest rate swap agreements,
currency swap agreements and other similar agreements designed to hedge against interest rate fluctuations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Purchase Money Obligations"</B></FONT><FONT SIZE=2> shall mean the Indebtedness (i)&nbsp;incurred to purchase or lease Equipment and Real Estate or
(ii)&nbsp;secured solely by a Lien as part of a sale leaseback, mortgage or other financing incurred in connection with Designated Sale-Leaseback Property. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Real Estate"</B></FONT><FONT SIZE=2> shall mean the Borrowers' leasehold and fee interests in real property. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Real Estate Collateral"</B></FONT><FONT SIZE=2> shall mean any parcel or parcels of Real Estate which have satisfied all of the Real Estate Collateral Conditions
Precedent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Real Estate Collateral Conditions Precedent"</B></FONT><FONT SIZE=2> shall mean each of the following conditions with respect to any Real Estate: (i)&nbsp;the
Borrowers (as applicable) shall have executed and delivered to the Agent, an agent of the Agent, or to a title insurance company acceptable to the Agent, a Mortgage as the Agent on behalf of the
Lenders may reasonably require to obtain a first lien on the Real Estate; (ii)&nbsp;the Agent shall have received, in respect of such Mortgage, a mortgagee's title policy or marked-up
unconditional binder for such insurance which shall (a)&nbsp;be in an amount satisfactory to the Agent; (b)&nbsp;insure that the applicable Mortgage insured thereby creates a valid first lien on
the property covered by such Mortgage, free and clear of all defects and encumbrances except those reasonably acceptable to the Agent (provided, however, that Agent shall not be entitled to object to
any defect or encumbrance which constituted an exception to title insurance as shown on the title insurance policy of any previous lender who has accepted a Mortgage on the Real Property);
(c)&nbsp;name the Agent on behalf of the Lenders as the insured thereunder; (d)&nbsp;contain such endorsements and effective coverage as the Agent may reasonably request, including, without
limitation, the Line of Credit endorsement, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that any such requested endorsement shall
be available in the applicable jurisdiction and shall not require the payment of any additional title insurance premium other than in an immaterial amount; </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>17</FONT></P>

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<P><FONT SIZE=2>and
(e)&nbsp;indicate that all premiums in respect of such policy have been paid and that all charges for mortgage recording taxes, if any, have been paid; (iii)&nbsp;Agent shall have received a
satisfactory appraisal on such Real Estate, which appraisal shall be by an appraiser acceptable to the Agent; (iv)&nbsp;Agent shall have received an environmental audit report on such Real Property
which report shall; (x)&nbsp;provide that the Agent and Lenders may rely on it, (y)&nbsp;be satisfactory in form and substance to the Agent and (z)&nbsp;not disclose or indicate any material
liability (real or potential) stemming from the Real Property or the operations on the Real Property; and (v)&nbsp;if required by applicable law, Agent shall have received (y)&nbsp;a survey and
(z)&nbsp;a flood plain certification, each in form and substance satisfactory to Agent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Real Estate Subline"</B></FONT><FONT SIZE=2> shall mean and refer to that portion or amount of the Revolving Loans equal to the lesser of (a)&nbsp;(i) from the
Closing Date through the first (1<SUP>st</SUP>) Anniversary Date, Twenty Million Dollars ($20,000,000); (ii)&nbsp;from the first (1<SUP>st</SUP>) Anniversary Date through the second
(2<SUP>nd</SUP>) Anniversary Date, Ten Million Dollars ($10,000,000); and (iii)&nbsp;at all times thereafter, Zero Dollars ($0), and (b)&nbsp;fifty percent (50%) of the appraised fair market
value of the Real Estate Collateral; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, that the Real Estate Subline shall equal Zero Dollars ($0) until such time as all the Real Estate
Collateral Conditions Precedent have been satisfied. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Regulatory Change"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;8.20</I></FONT><FONT SIZE=2> of this
Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Reporting Date"</B></FONT><FONT SIZE=2> shall mean any date on which the Parent and its consolidated Subsidiaries are to deliver to the Agent any Collateral
report pursuant to this Financing Agreement, any financial statement or any other information requested of the Borrowers pursuant to the terms of this Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Requested Overadvance"</B></FONT><FONT SIZE=2> shall have the meaning given such term in </FONT><FONT SIZE=2><I>Section&nbsp;8.1(b)</I></FONT><FONT SIZE=2> of
this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Required Lenders"</B></FONT><FONT SIZE=2> shall mean Lenders holding more than fifty percent (50%) of the outstanding loans, advances, extensions of credit and
commitments of the Borrowers hereunder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Retained Cash"</B></FONT><FONT SIZE=2> shall mean an amount of cash sufficient to provide the Borrowers with cash in an amount necessary to stock a Borrower's
cash registers at its retail locations and consistent with the business practices of such Borrower. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Revolving Loan Account(s)"</B></FONT><FONT SIZE=2> shall mean the accounts on Agent's books, in each Borrower's name, in which each Borrower will be charged with
all applicable Obligations under this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Revolving Loans"</B></FONT><FONT SIZE=2> shall mean the loans and advances (including, but not limited to, the Non-Revolving Portion) made, from time
to time, to or for the account of the Borrowers by the Lenders acting through the Agent pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;3</I></FONT><FONT SIZE=2> of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"S&amp;P"</B></FONT><FONT SIZE=2> shall mean Standard&nbsp;&amp; Poor's Corporation. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Seasonal Advance"</B></FONT><FONT SIZE=2> shall mean any loans and advances made at the Seasonal Advance Amount. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Seasonal Advance Period"</B></FONT><FONT SIZE=2> shall mean a period of time during which Borrowers may request advances be made by the Agent and the Lenders at
the Seasonal Advance Amount. Any Seasonal Advance Period shall commence on the date selected by the Borrowers which shall be no earlier than the fifth (5th) Business Day following receipt by the Agent
from the Borrowers of a Seasonal Advance Request and shall be at least thirty (30)&nbsp;days in length. No subsequent Seasonal Advance Period shall commence less than sixty (60)&nbsp;days after
the end of the immediately preceding Seasonal Advance Period. In no event may the Seasonal Advance Periods during any calendar year exceed one hundred twenty (120)&nbsp;days in the aggregate. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>18</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Seasonal Advance Amount"</B></FONT><FONT SIZE=2> shall mean the lesser of (y)&nbsp;eighty percent (80%) of Eligible Inventory (valued at the lower of net book
value or market value), and (z)&nbsp;ninety percent (90%) of appraised net orderly liquidation value of Eligible Inventory. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Seasonal Advance Request"</B></FONT><FONT SIZE=2> shall mean a request by Borrowers for a Seasonal Advance in the form of </FONT> <FONT SIZE=2><I>Exhibit&nbsp;C</I></FONT><FONT SIZE=2> attached hereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Services"</B></FONT><FONT SIZE=2> means Oshman's Sporting Goods,&nbsp;Inc.&#151;Services, a Delaware corporation. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Settlement Date"</B></FONT><FONT SIZE=2> shall mean the date, weekly, and more frequently at the discretion of the Agent, the Agent and the Lenders shall settle
amongst themselves so that x)&nbsp;the Agent shall not have, as Agent, any money at risk and y)&nbsp;on such Settlement Date the Lenders shall have a pro rata amount of all outstanding Revolving
Loans and Letters of Credit, provided that each Settlement Date for a Lender shall be a Business Day on which such Lender and its bank are open for business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Stock"</B></FONT><FONT SIZE=2> shall mean all shares, options, warrants, interests, participations, or other equivalents (regardless of how designated) of or in
a corporation or equivalent entity (including membership interests in a limited liability company), whether voting or nonvoting, including common stock, preferred stock, or any other "equity security"
(as such term is defined in Rule&nbsp;3a11-1 promulgated by the United States Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended). </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Stock Pledge Agreements"</B></FONT><FONT SIZE=2> shall mean those certain Stock Pledge Agreements, dated as of even date herewith, by and between Borrowers and
Agent, with respect to the pledge by Borrowers of their ownership interest in the Stock of certain of their respective Subsidiaries, each substantially in the form attached hereto as </FONT> <FONT SIZE=2><I>Exhibit&nbsp;F</I></FONT><FONT SIZE=2>.
</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Subsidiary"</B></FONT><FONT SIZE=2> shall mean as to any Person, a corporation, limited liability company, partnership or other entity of which shares of Stock
with ordinary voting power (other than Stock having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation,
partnership, company, or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such Person.
Unless otherwise qualified, all references to a "Subsidiary" or to "Subsidiaries" in this Financing Agreement shall refer to a Subsidiary or Subsidiaries of each, every and all Borrowers. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>19</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_lf2148_1_20"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>"Subsidiary Guarantor"</B></FONT><FONT SIZE=2> shall mean any direct or indirect Subsidiary which is a party to a Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Suretyship Agreement"</B></FONT><FONT SIZE=2> shall mean that certain Suretyship Agreement, dated as of even date herewith, by and among Borrowers and Agent,
with respect to Borrowers' joint and several obligations under this Financing Agreement and the Loan Documents, substantially in the form attached hereto as </FONT> <FONT SIZE=2><I>Exhibit&nbsp;I</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"TFFQ EBITDA"</B></FONT><FONT SIZE=2> shall mean, with respect to any specified trailing four (4)&nbsp;Fiscal Quarter period of the Parent and its Subsidiaries,
on a consolidated basis, EBITDA during such period, provided that from the Closing Date through the first (1st) Anniversary Date, TFFQ EBITDA shall include, as necessary for a four (4)&nbsp;Fiscal
Quarter period, the sum of (x)&nbsp;pre-Merger EBITDA of Parent and its Subsidiaries, and (y)&nbsp;the pre-Merger EBITDA of TSA and its Subsidiaries for rolling Fiscal
Quarters of each entity immediately preceding the Effective Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Total Assets"</B></FONT><FONT SIZE=2> shall mean total assets of the Parent and its Subsidiaries, on a consolidated basis, determined in accordance with GAAP, on
a basis consistent with the latest audited statements of the Parent and its consolidated Subsidiaries, excluding the LIFO reserve. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Total Liabilities"</B></FONT><FONT SIZE=2> shall mean total liabilities of the Parent and its Subsidiaries, on a consolidated basis, determined in accordance
with GAAP, on a basis consistent with the latest audited statements of the Parent and its consolidated Subsidiaries. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Trade Accounts Payable"</B></FONT><FONT SIZE=2> shall mean, at any time of determination, the amounts due any supplier for Inventory sold to the Borrowers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Trade Accounts Receivable"</B></FONT><FONT SIZE=2> shall mean, at any time of determination, the amounts due the Borrowers from any (i)&nbsp;credit card issuer
and (ii)&nbsp;any customer obligated on an invoice, in each instance due as a result of a sale of Inventory by the Borrowers in the ordinary course of the Borrowers' business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Trademarks"</B></FONT><FONT SIZE=2> shall mean all of each of the Borrowers' present and hereafter acquired trademarks, trademark registrations, recordings,
applications, tradenames, trade styles, service marks, prints and labels (on which any of the foregoing may appear), licenses, reissues, renewals, and any other
intellectual property and trademark rights pertaining to any of the foregoing, together with the goodwill associated therewith, and all cash and non-cash proceeds thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"TSA"</B></FONT><FONT SIZE=2> shall mean TSA Stores,&nbsp;Inc., a Delaware corporation, formerly known as The Sports Authority,&nbsp;Inc. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"TSA Credit Facility"</B></FONT><FONT SIZE=2> shall mean that certain Amended and Restated Loan and Security Agreement, dated as of August&nbsp;3, 2000, by and
among the certain financial institutions a party thereto, as lenders, and Fleet, as agent for lenders, on the one hand, and TSA and certain Subsidiaries of TSA a party thereto collectively as
co-borrowers, on the other hand, and together with the agreements, documents and instruments executed in connection therewith, as each has been amended and modified from time to time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"UCC"</B></FONT><FONT SIZE=2> shall mean the Uniform Commercial Code as in effect from time to time in the State of California. The terms accounts, chattel paper,
documents, equipment, instruments, general intangibles and inventory, as and when used (without being capitalized) in this Financing Agreement or the other loan documents, shall have the meanings
given those terms in the UCC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>"Unused Line Fee"</B></FONT><FONT SIZE=2> shall: (i)&nbsp;mean the fee due the Agent for the account of the Lenders at the end of each month for the Line of
Credit, and (ii)&nbsp;be determined by multiplying (x)&nbsp;the difference between the Line of Credit </FONT><FONT SIZE=2><I>less</I></FONT><FONT SIZE=2> the sum of (a)&nbsp;the average daily
Revolving Loans outstanding during such month and (b)&nbsp;the average daily undrawn face amount of all outstanding Letters of Credit, for </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>20</FONT></P>

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<P><FONT SIZE=2>said
month by (y)&nbsp;three eighths of one percent (0.375%) per annum ("</FONT><FONT SIZE=2><B>Unused Line Fee Rate</B></FONT><FONT SIZE=2>") for the number of days in said month during which this
Financing Agreement was in effect. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Conditions Precedent.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1&nbsp;&nbsp;&nbsp;&nbsp;Initial Conditions Precedent.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The obligation of the Agent and the Lenders to make the initial loans
hereunder is subject to the satisfaction of, extension of or waiver in writing of, on or prior to, the Closing Date, the following conditions precedent (collectively, the
"</FONT><FONT SIZE=2><B>Initial Conditions Precedent</B></FONT><FONT SIZE=2>"): </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Lien Searches.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall have received tax, judgment and Uniform Commercial Code searches satisfactory
to the Agent for all locations presently occupied or used by each of the Borrowers. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Casualty Insurance.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the Borrowers shall have delivered to the Agent evidence satisfactory to the
Agent that casualty insurance policies listing the Agent as an additional insured, loss payee or mortgagee, as the case may be, are in full force and effect, all as set forth in </FONT> <FONT SIZE=2><I>Section&nbsp;7.5</I></FONT><FONT SIZE=2> of this
Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;UCC Filings.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Any financing statements required to be filed in order to create, in favor of the Agent, on
behalf of the Lenders, a first perfected security interest in the Collateral, subject only to the Permitted Encumbrances, shall have been properly filed in each office in each jurisdiction required in
order to create in favor of the Agent for the benefit of the Lenders a perfected lien on the Collateral. The Agent shall have received acknowledgment copies of all such filings (or, in lieu thereof,
the Agent shall have received other evidence satisfactory to the Agent that all such filings have been made) and the Agent shall have received evidence that all necessary filing fees and all taxes or
other expenses related to such filings have been paid in full. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Board Resolution.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall have received a copy of the resolutions of the Board of Directors of each
of the Borrowers and/or Guarantors authorizing the execution, delivery and performance of, as applicable, (i)&nbsp;this Financing Agreement, (ii)&nbsp;the Guaranty, and (iii)&nbsp;any related
agreements, in each case certified by the Secretary or Assistant Secretary of each of the Borrowers and/or Guarantors as of the date hereof, together with a certificate of the Secretary or Assistant
Secretary of the Borrowers and/or Guarantors as to the incumbency and signature of the officers of each of the Borrowers and/or Guarantors executing such Loan Documents and any certificate or other
documents to be delivered by them pursuant hereto, together with evidence of the incumbency of such Secretary or Assistant Secretary. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Corporate Organization.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall have received (i)&nbsp;a copy of the organizational documents of
each of the Borrowers and Guarantors certified by the Secretary of State of the states of their formation, and (ii)&nbsp;a copy of the By-Laws or operating agreement, as applicable, of
each of the Borrowers and Guarantors certified by the respective Secretary or Assistant Secretary thereof, all as amended through the date hereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Officer's Certificate.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall have received an executed officer's certificate of each of the
Borrowers and Guarantors, satisfactory in form and substance to the Agent, certifying that (i)&nbsp;the representations and warranties contained herein are true and correct in all material respects
on and as of the Closing Date; (ii)&nbsp;each of the Borrowers and Guarantors are in compliance with all of the terms and provisions set forth herein; (iii)&nbsp;no Default or Event of Default has
occurred; (iv)&nbsp;that, as of the date hereof, each of the Borrowers and Guarantors are current with respect to the payment of all sales taxes due by them to any state taxing authorities except to
the extent specifically noted to the contrary on an exhibit attached to such officer's certificate; (v)&nbsp;that, as of the last day of the calendar month immediately proceeding the Closing Date,
each of the Borrowers and Guarantors are current with respect to the payment of all rent due to its respective landlord except to the extent specifically noted to the contrary on an exhibit </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>21</FONT></P>

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<P><FONT SIZE=2>attached
to such officer's certificate; (vi)&nbsp;that each of the Guarantors has read and understands the terms and conditions of this Financing Agreement and the Loan Documents; (vii)&nbsp;that
each of the Guarantors is currently informed of the financial condition of each of the Borrowers, each other Guarantor, and of all other circumstances which a diligent inquiry would reveal and which
bear upon the risk of nonpayment of the Guarantied Obligations (as defined in the Guaranty); and (viii)&nbsp;that each of the Guarantors will continue to keep itself informed of each of the
Borrowers' and Guarantors' financial condition, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Guarantied Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Opinions.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Counsel for the Borrowers and Guarantors shall have delivered to the Agent on behalf of the
Lenders opinions satisfactory to the Agent opining, inter alia, that, subject to the (i)&nbsp;filing, priority and remedies provisions of the Uniform Commercial Code, (ii)&nbsp;the provisions of
the Bankruptcy Code, insolvency statutes or other like laws, (iii)&nbsp;the equity powers of a court of law and (iv)&nbsp;such other matters as may be agreed upon with the Agent: (x)&nbsp;this
Financing Agreement, the Guaranty and all other Loan Documents of each of the Borrowers and Guarantors and are (A)&nbsp;valid, binding and enforceable according to their terms, (B)&nbsp;are duly
authorized, executed and delivered, and (C)&nbsp;do not violate any terms, provisions, representations or covenants in the charter or by-laws of each of the Borrowers and Guarantors or,
to the best knowledge of such counsel, of any loan agreement, mortgage, deed of trust, note, security or pledge agreement, indenture or other contract to which the Borrowers and Guarantors, or any one
of them, are signatories or by which the Borrowers, or any one of them, or their assets are bound the failure with which to comply could have a Material Adverse Effect; and (y)&nbsp;the Merger has
been completed and consummated pursuant to the Merger Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Absence of Default.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No Default or Event of Default shall have occurred and no material adverse change shall
have occurred in the financial condition, business, prospects, profits, operations or assets of the Borrowers taken as a whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Legal Restraints/Litigation.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the Closing Date, there shall be no: (x)&nbsp;litigation, investigation
or proceeding (judicial or administrative) pending or threatened against the Borrowers and Guarantors or any one of them or their assets, by any agency, division or department of any county, city,
state or federal government arising out of the Merger or this Financing Agreement; (y)&nbsp;injunction, writ or restraining order restraining or prohibiting the Merger or the consummation of the
financing
arrangements contemplated under this Financing Agreement; or (z)&nbsp;suit, action, investigation or proceeding (judicial or administrative) pending against the Borrowers, Guarantors, or any one of
them or their assets, which, in the reasonable opinion of the Agent, if adversely determined, could reasonably be expected to have a Material Adverse Effect. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Guaranty.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Guarantors shall have executed and delivered to the Agent the Guaranty, guaranteeing all
present and future Obligations of the Borrowers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Stock Pledge Agreement.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the Borrowers with Subsidiaries shall (i)&nbsp;execute and deliver to the
Agent on behalf of the Lenders a Stock Pledge Agreement pledging to the Agent on behalf of the Lenders as additional collateral for the Obligations of the Borrowers not less than 100% of the issued
and outstanding Stock of each of the Subsidiaries other than Sportdepot,&nbsp;Inc., a corporation organized under the laws of Canada, Sportmart Israel, a corporation organized under the laws of
Israel, Hampden Enterprises, LP, a Colorado limited partnership, The Sports Authority Canada,&nbsp;Inc., a corporation organized under the laws of Ontario, Canada </FONT><FONT SIZE=2><B>("TSA
Canada")</B></FONT><FONT SIZE=2>, The Sports Authority Puerto Rico,&nbsp;Inc., a corporation under the laws of Puerto Rico </FONT><FONT SIZE=2><B>("TSA PR")</B></FONT><FONT SIZE=2>, The Sports
Authority S.L., a corporation organized under the laws of Spain </FONT><FONT SIZE=2><B>("TSA S.L.")</B></FONT><FONT SIZE=2>, The Sports Authority&nbsp;LTD United Kingdom, a corporation organized
under the laws of the United Kingdom </FONT><FONT SIZE=2><B>("TSA UK")</B></FONT><FONT SIZE=2>, and Colorado Wholesale Corp., a Colorado corporation </FONT> <FONT SIZE=2><B>("CWC")</B></FONT><FONT SIZE=2>; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>22</FONT></P>

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<P><FONT SIZE=2><I> provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that Stock Pledge Agreements shall be required with respect to all of the issued and outstanding Stock of TSA
Canada, TSA PR, TSA S.L., TSA UK, and CWC if Agent does not receive satisfactory evidence within six (6)&nbsp;months of the date hereof that each of the foregoing Subsidiaries has been dissolved (by
merger or otherwise), and (ii)&nbsp;deliver to the Agent on behalf of the Lenders the stock certificates evidencing such Stock together with duly executed stock powers (undated and
in-blank) with respect thereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Loan Documents.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of the Borrowers shall have executed and delivered to the Agent all Loan Documents
necessary to consummate the lending arrangement contemplated between the Borrowers, the Agent and the Lenders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Disbursement Authorization.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Borrowers shall have delivered to the Agent all information necessary for
the Agent and the Lenders to issue wire transfer instructions on behalf of each of the Borrowers for the initial and subsequent loans and/or advances to be made under this Financing Agreement
including, but not limited to, disbursement authorizations substantially in the form attached hereto as </FONT><FONT SIZE=2><I>Exhibit&nbsp;G</I></FONT><FONT SIZE=2> with respect to the initial
advance, and, if modified, in a form reasonably acceptable to Agent for any and all subsequent advances. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Examination&nbsp;&amp; Verification.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent and each of the Lenders shall have completed, to their
respective satisfaction, an examination and verification of the Accounts, Inventory, financial statements,
books and records of each of the Borrowers which examination shall indicate that, after giving effect to all Revolving Loans, advances and extensions of credit (including, but not limited to, all
Letters of Credit) to be made or facilitated at closing, the Borrowers shall have an aggregate opening additional Availability of at least Seventy-Five Million Dollars ($75,000,000), as
evidenced by a Borrowing Base Certificate delivered by the Parent to the Agent as of the Closing Date. It is understood that such requirement contemplates that all debts and obligations are current,
and that all payables are being handled in the normal course of the Borrowers' business and consistent with their past practice. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Accounts.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of the date of execution of this Financing Agreement the Borrowers (a)&nbsp;shall have
converted all of the deposit accounts set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;2.1(o)</I></FONT><FONT SIZE=2> into Blocked Accounts; </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT
SIZE=2>, Agent may waive this requirement at its sole discretion for a period up to ninety
(90)&nbsp;days after the Closing date, or such greater period which in the exercise of the Agent's sole discretion Agent deems reasonable, and (b)&nbsp;will have required the credit card companies
set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;2.1(o)</I></FONT><FONT SIZE=2> to remit all balances, when due, to a Blocked Account. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Intellectual Property Agreements.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Receipt by Agent of (i)&nbsp;those certain Intellectual Property
Agreements, duly executed by each applicable Borrower, and (ii)&nbsp;the Intellectual Property Security Agreement, duly executed by Services. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Landlord Waivers.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent for the benefit of the Lenders shall have received landlord waivers in form and
substance reasonably acceptable to the Agent with respect to (i)&nbsp;all of the Borrowers' leased warehouse or distribution centers (to the extent previously obtained by CITBC or Fleet with respect
to either the Gart Sports Credit Facility or the TSA Credit Facility, or, to the extent not previously obtained, within ninety (90)&nbsp;days (or such greater period prescribed by Agent in its sole
discretion) of the Closing Date) and (ii)&nbsp;store locations of Borrowers (to the extent previously obtained by CITBC or Fleet with respect to either the Gart Sports Credit Facility or the TSA
Credit Facility) by assignment to Agent (provided that the Borrowers shall not be required to incur additional expense to obtain such waivers (such as payment of waiver fees or increased rent to
landlords) other than the Borrowers' own transactional fees and expenses in connection with seeking, negotiating, and obtaining such waivers on a best efforts basis, and the transactional fees and
expenses of the Agent and its counsel in reviewing and approving them). </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>23</FONT></P>

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<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Warehouse Documents.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent for the benefit of the Lenders shall have received from each public warehouse
in which Inventory is stored, if any, other than Inventory in warehouses while such Inventory is clearing customs, an acknowledgment, in form and substance reasonably satisfactory to the Agent,
concerning the Agent's security interest for the benefit of the Lenders in such Inventory and the original negotiable warehouseman's receipts, if any, duly endorsed by the applicable Borrower(s) to
the order of the Agent for the benefit of the Lenders. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Consummation of the Merger and Merger-Related Transactions.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Agent shall have received satisfactory
evidence of the consummation of the Merger (and any and all transactions required in connection therewith) in compliance in all material respects with all applicable contracts and provisions of law,
including, without limitation, the Merger Agreement, the provisions of federal, Delaware, and Colorado corporate and securities laws, to the extent applicable, and the provisions of the
Hart-Scott-Rodino Antitrust Improvements Act. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)</FONT><FONT
SIZE=2><B><I>&nbsp;&nbsp;&nbsp;&nbsp;Payoff of Certain Existing Lenders.</I></B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The existing obligations under the Gart Sports Credit Facility and the
TSA Credit Facility shall have been repaid or otherwise satisfied in full pursuant to payoff documentation reasonably satisfactory to the Agent, and the Agent and Fleet shall have released,
terminated, or assigned their liens and security interests in favor of the Agent, as the Agent, for the benefit of the Lenders, obtained in connection with such facilities, or shall have
unconditionally agreed to do so pursuant to documentation reasonably satisfactory to the Agent. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the execution of this Financing Agreement and the initial disbursement of loans hereunder, all of the above Initial Conditions Precedent shall have been deemed satisfied except as
otherwise set forth hereinabove or, if necessary, as the Borrowers and the Agent shall otherwise agree in writing prior to or concurrent with the Agent's execution of this Financing Agreement. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2&nbsp;&nbsp;&nbsp;&nbsp;Conditions to Each Extension of Credit.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms of this Financing Agreement, including, without
limitation, the Agent's rights pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;10.2</I></FONT><FONT SIZE=2>, the agreement of the Lenders to make any extension of credit requested to be made by it
to any of the Borrowers on any date (including without limitation, the initial extension of credit) is subject to the satisfaction of each of the following conditions precedent: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Representations and Warranties</I></B></FONT><FONT SIZE=2>&#151;Each of the representations and warranties made by each of the Borrowers in or
pursuant to this Financing Agreement shall be true and correct in all material respects on and as of such date as if made on and as of such date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>No Default</I></B></FONT><FONT SIZE=2>&#151;No Default or Event of Default shall have occurred and be continuing on such date or after giving
effect to the extension of credit requested to be made on such date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>Borrowing Base</I></B></FONT><FONT SIZE=2>&#151;Subject to Agent's and Lenders' right to make Overadvances, after giving effect to the
extension of credit requested to be made on such date, the aggregate outstanding balance of the Revolving Loans and outstanding Letters of Credit owing by each of the Borrowers will not exceed the
lesser of (i)&nbsp;the Line of Credit or (ii)&nbsp;the Borrowing Base less the Availability Reserve(s) (excluding all obligations in respect of the outstanding amount of any Letters of Credit). </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
borrowing hereunder shall constitute a representation and warranty by the Borrowers as of the date of such loan or advance that each of the representations, warranties and covenants
contained in the Financing Agreement have been satisfied and are true and correct in all material respects, except as the Borrowers and the Agent and/or the Required Lenders shall otherwise agree
herein or in a separate writing. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Revolving Loans.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The
Agent and the Lenders agree, subject to the terms and conditions of this Financing Agreement, from time to time, and within Availability (but
subject to the Agent's and the Lenders' </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>24</FONT></P>

<HR NOSHADE>
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<P><FONT SIZE=2>right
to make Overadvances; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that in no event shall any Overadvances be made if after giving effect to such Overadvance the outstanding
principal balance of the Revolving Loans and the Letters of Credit would exceed the Line of Credit), to make loans and advances to Borrowers on a revolving basis (i.e. subject to the limitations set
forth herein, the Borrowers may borrow, repay and re-borrow Revolving Loans). All requests for loans and advances must be received by an officer of the Agent no later than
(i)&nbsp;2:00&nbsp;p.m., New York time, on the Business Day on which any such Chase Bank Rate Loans and advances are required or (ii)&nbsp;three (3)&nbsp;Business Days prior to any requested
LIBOR Loan. Subject to </FONT><FONT SIZE=2><I>Section&nbsp;14.10</I></FONT><FONT SIZE=2>, should the Agent for any reason honor requests for Overadvances, any such Overadvances shall be made in the
Agent's sole discretion and subject to any additional terms the Agent deems necessary. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Whenever
the Borrowers desire the Agent, on behalf of the Lenders, to make a Revolving Loan pursuant to this </FONT> <FONT SIZE=2><I>Section&nbsp;3.1</I></FONT><FONT SIZE=2>, Borrowers shall give the Agent notice in writing, electronically via electronic mail,
 or irrevocable telephonic notice confirmed
promptly in writing, specifying (A)&nbsp;the amount to be borrowed, (B)&nbsp;the requested borrowing date (which shall be a business day and shall be prior to: any Early Termination Date, or prior
to any effective termination date of this Financing Agreement, all as further set forth herein), and (C)&nbsp;specify whether the requested Revolving Loan shall bear interest at the Chase Bank Rate
or at LIBOR, as further set forth herein. All requests for loans and advances must be received by an officer of the Agent no later than 2:00&nbsp;P.M. New York time on any borrowing date. The
procedures for Revolving Loans to be made on a requested borrowing date may be such as are otherwise mutually satisfactory to the Borrowers, the Agent and/or the Lenders. The Agent shall make loans
and advances to the deposit account designated from time to time by the Parent. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;Should
the Agent, on behalf of the Lenders, for any reason honor requests for Overadvances, such Overadvances shall be made in the Agent's sole discretion, in an
aggregate amount not to exceed one hundred and five percent (105%) of the maximum amount available under the Borrowing Base, and repaid within thirty (30)&nbsp;days; </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT
SIZE=2><I>however</I></FONT><FONT SIZE=2>, if such Overadvances exceed one hundred and five percent (105%) of the maximum amount
available under the Borrowing Base or is not repaid within thirty (30)&nbsp;days, then such Overadvances shall be subject to </FONT><FONT SIZE=2><I>Section&nbsp;14.10</I></FONT><FONT SIZE=2> and
such additional terms as Agent or the Required Lenders deem necessary. Requests for loans and advances shall be made solely by the Borrowers and shall be directed to the Agent. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
Agent shall on any Settlement Date, and upon notice given by the Agent no later than 2:00&nbsp;P.M. New York time, request each Lender to make, and each Lender
hereby agrees to make, a Revolving Loan in an amount equal to such Lender's Commitment percentage (calculated with respect to the aggregate Commitments then outstanding) of the aggregate amount of the
Revolving Loans made by the Agent from the preceding Settlement Date to the date of such notice. Each Lender's obligation to make the Revolving Loans referred to in subsection (a)&nbsp;and to make
the settlements pursuant to this subsection (c)&nbsp;shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (i)&nbsp;any
set-off, counterclaim, recoupment, defense or other right which any such Lender or any of the Borrowers may have against the Agent, the (other) Borrowers, any other Lender, or any other
person for any reason whatsoever; (ii)&nbsp;except as provided in </FONT><FONT SIZE=2><I>Section&nbsp;14.5</I></FONT><FONT SIZE=2>, the occurrence or continuance of a Default or an Event of
Default; (iii)&nbsp;any adverse change in the condition (financial or otherwise) of the Borrowers or any one of them; (iv)&nbsp;any breach of this Financing Agreement or any other loan document by
the Borrowers or any one of them or any other Lender; or (v)&nbsp;any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2&nbsp;&nbsp;&nbsp;In
furtherance of the continuing assignment and security interest in each of the Borrowers' Accounts and Inventory, each of the Borrowers will, upon the creation of
Accounts and purchase or acquisition of Inventory, execute and deliver to the Agent in such form and manner as the Agent may </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>25</FONT></P>

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<P><FONT SIZE=2>reasonably
require, solely for the Agent's convenience in maintaining records of Collateral, a Borrowing Base Certificate during the Fiscal Months of March through September, monthly within sixteen
(16)&nbsp;calendar days following the end of each Fiscal Month, and during the Fiscal Months of October through February, weekly within seven (7)&nbsp;days after the end of each week, and such
confirmatory schedules of Accounts and Inventory as the Agent may reasonably request, including, without limitation, weekly or monthly (as applicable) schedules of Accounts and Inventory, all in form
and substance reasonably satisfactory to the Agent, and such other appropriate reports designating, identifying and describing the Accounts and Inventory as the Agent may reasonably request, and
provided further that the Agent may request any such information more frequently, from time to time, upon its reasonable prior request. In addition, upon the Agent's request, each of the Borrowers
shall provide the Agent with copies of agreements with, or purchase orders from, such Borrowers' customers, and copies of invoices to customers, proof of shipment or delivery, access to their
computers, electronic media and software programs associated therewith (including any electronic records, contracts and signatures) and with respect to all such reports, the Borrowers will provide to
the Agent such additional documentation, information and material as the Agent may reasonably request to effectively evaluate the Trade Accounts Receivable and the collectibility thereof and the mix
of the Inventory and such other information as the Agent may reasonably require to evaluate the Borrowers' Trade Accounts Receivable and Inventory, such as returns, claims, credits, allowances and
information identifying and describing the Trade Accounts Receivable. Failure to provide the Agent with any of the foregoing shall in no way affect, diminish, modify or otherwise limit the security
interests granted herein. Each of the Borrowers hereby authorizes the Agent to regard the Borrowers' (or a Borrower's) printed name or rubber stamp signature on assignment schedules or invoices as the
equivalent of a manual signature by one of the Borrowers' authorized officers or agents. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3&nbsp;&nbsp;&nbsp;The
Borrowers hereby represent and warrant that: (a)&nbsp;sales of Inventory are, and shall be, based upon actual and bona fide sales and deliveries of Inventory
(x)&nbsp;in the ordinary course of the Borrowers' business, (y)&nbsp;in connection with the liquidation of an immaterial portion of the Inventory, or (z)&nbsp;after the occurrence of a casualty
loss, bulk sales of salvageable Inventory, and that, in any instance, the Inventory being sold and the proceeds thereof are the exclusive property of the Borrowers and are not and shall not be subject
to any lien, charge, arrangement, encumbrance, security interest, or financing statement whatsoever other than the Permitted Encumbrances, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT
SIZE=2>, that the Borrowers may make charitable transfers of Inventory in an amount not to exceed, in the aggregate, Two Million Dollars ($2,000,000) in
any Fiscal Year; (b)&nbsp;invoices representing Trade Accounts Receivable or credit card receipts evidencing credit card sales are in the name of a Borrower and except for disputes, offsets,
defenses, counterclaims, contras, returns or credits, all arising in the normal course of the Borrowers' business or except as may be promptly disclosed to the Agent, the purchasers of such Inventory
owe and are obligated to pay the amount stated in the invoices or credit card receipts; and (c)&nbsp;except for the Permitted Encumbrances, any and all taxes and fees relating to its business are
the Borrowers' sole responsibility and that same will be paid when due (except as otherwise provided in this Financing Agreement), and that none of said taxes or fees represent a lien on or claim
against the proceeds of any sale of Inventory. The Borrowers agree to issue credit memoranda promptly. Each Borrower also warrants and represents that it is a duly and validly existing corporation and
is qualified to transact business in all states where the failure to so qualify would have a material adverse effect on its business or the ability of such Borrower to enforce collection of Trade
Accounts Receivable due from Persons residing in that state. The Borrowers agree to maintain such books and records regarding Accounts and Inventory as the Agent may reasonably require and agree that
the books and records of the Borrowers will reflect the Agent's interest in the Accounts and Inventory. All of the books and records of the Borrowers will be available to the Agent at normal business
hours, upon reasonable prior notice, and following a Default or Event of Default, at any time without notice, including any records handled or maintained for the Borrowers or any one of them by
(except for Retained Cash) any other company or entity. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>26</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Until
the Agent has advised the Borrowers to the contrary after the occurrence of an Event of Default, the Borrowers, at their expense, will enforce,
collect and receive all amounts owing on their respective Accounts in the ordinary course of their business and any proceeds they so receive shall be subject to the terms hereof. Such privilege shall
terminate at the election of the Agent, upon the occurrence of an Event of Default and notice to Borrowers, and until such Event of Default is waived in writing by the Required Lenders or cured to the
Agent's and/or the Required Lender's satisfaction, any checks, cash, credit card sales and receipts, notes or other instruments or property received by a Borrower with respect to any Collateral,
including Accounts, shall be held by such Borrower subject to the security interest of the Agent, on behalf of the Lenders, and (except for Retained Cash) promptly turned over to the Agent with proper
assignments or endorsements by deposit to the Blocked Accounts. Each of the Borrowers shall: (i)&nbsp;indicate on all of their invoices that funds should be delivered to and deposited in a Blocked
Account; (ii)&nbsp;direct all of their account debtors to deposit any and all proceeds of Collateral into the Blocked Accounts; (iii)&nbsp;irrevocably authorize and direct any banks which maintain
the Borrowers' initial receipt of cash, checks and other items to promptly wire transfer all available funds to a Blocked Account; and (iv)&nbsp;advise all such banks of the Agent's security
interest in such funds. All amounts received by the Agent for the account of the Lenders will be credited to the Obligations upon the Agent's receipt of "good funds" at its bank account in New York,
New York on the Business Day of receipt if received no later than 2&nbsp;p.m. New York time or on the next succeeding Business Day if received after 2&nbsp;p.m. New York time. The Borrowers shall
provide the Agent with ten (10)&nbsp;days prior written notice of any and all deposit accounts opened or to be opened subsequent to the Closing Date. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Borrowers shall establish and maintain, in their name and at their expense, Blocked Accounts with such banks as are reasonably acceptable to the Agent into which
each of the Borrowers shall promptly cause to be deposited: (i)&nbsp;all proceeds of Collateral received by any of the Borrowers in their respective deposit accounts, including all amounts payable
to the Borrowers from credit card issuers and credit card processors, and (ii)&nbsp;all amounts on deposit in deposit accounts used by the Borrowers at each of their locations, all as further
provided in </FONT><FONT SIZE=2><I>Section&nbsp;3.4(a)</I></FONT><FONT SIZE=2> above. The Agent shall instruct the depository banks at which the Blocked Accounts are maintained to transfer the
funds on deposit in the Blocked Accounts to such operating bank accounts of the Borrowers or any one of them as the Borrowers may specify in writing to the Agent until such time as the Agent shall
notify the depository bank otherwise. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
Borrowers hereby confirm and agree that all amounts deposited in the Blocked Accounts and any other funds received and collected by the Agent, whether as proceeds of
Inventory or other Collateral or otherwise, shall be subject to a security interest in favor of the Agent. Each Borrower agrees that it will only direct the flow of funds from the deposit accounts and
the credit card remitters to the Blocked Accounts once the Blocked Accounts have been established. The institutions holding such Blocked Accounts will be instructed that when it is satisfied that such
funds on deposit are "good funds", such institution will remit such "good funds" to the Borrowers' operating account as directed by a Borrower. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Notwithstanding
anything herein contained to the contrary, if (y)&nbsp;there is then an Event of Default or (z)&nbsp;the Borrowers have Availability of Zero Dollars
($0) or less for three (3)&nbsp;consecutive Business Days, then the Agent, acting on behalf of the Lenders, may advise the banks holding the Blocked Accounts to remit all Collections to the Agent
for the account of the Lenders. The Agent will immediately rescind these instructions (a)&nbsp;upon the waiver of the Event of Default and (b)&nbsp;when the Borrowers have Availability of greater
than Zero Dollars ($0). No checks, drafts or other instrument received by the Agent shall constitute final payment to the Agent and/or the Lenders unless and until such instruments have actually been
collected. If the loan account reflects a Revolving Loan balance greater than the Non-Revolving Portion and there is then no Event of Default, then the Agent shall promptly remit to the
operating account of the </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>27</FONT></P>

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<UL>
<BR>

<P><FONT SIZE=2>Borrowers
any credit balances in the loan account; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, the Revolving Loan balance shall
never go below the Non-Revolving Portion. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5&nbsp;&nbsp;&nbsp;The
Borrowers agree to notify the Agent: (a)&nbsp;of any matters affecting the value, enforceability or collectibility of any Eligible Account Receivable and of all
customer disputes, offsets, defenses, counterclaims, returns, rejections and all reclaimed or repossessed merchandise or goods, and of any adverse effect in the value of their Inventory, in their
weekly and monthly collateral reports (as applicable) provided to the Agent hereunder, in such detail and format as the Agent may reasonably require from time to time and (b)&nbsp;promptly of any
such matters which are material, as a whole, to the Accounts and/or the Inventory. The Borrowers agree to issue credit memoranda promptly (with duplicates to the Agent upon request after the
occurrence of an Event of Default) upon accepting returns or granting allowances. Upon the occurrence of an Event of Default (which is not waived in writing by the Required Lenders or cured to Agent's
and/or the Required Lenders' satisfaction), and on notice from the Agent, the Borrowers agree that all returned, reclaimed or repossessed merchandise or goods shall be set aside by the Borrowers,
marked with the Agent's name (as secured party) and held by the Borrowers for the Agent's account. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the provisions of </FONT><FONT SIZE=2><I>Section&nbsp;3.6(b)</I></FONT><FONT SIZE=2> below, the Agent shall maintain a Revolving Loan
Account on its books in which each of the Borrowers will be charged with all loans and advances made by the Agent to the Borrowers, and with any other Obligations, including any and all costs,
expenses and attorney's fees which the Agent may incur in connection with the exercise by or for the Agent of any of the rights or powers herein conferred upon the Agent, or in the prosecution or
defense of any action or proceeding to enforce or protect any rights of the Agent in connection with this Financing Agreement, the other Loan Documents or the Collateral assigned hereunder, or any
Obligations owing by the Borrowers. The Borrowers will be credited with all amounts received by the Agent and/or the Lenders from the Borrowers or from others for the Borrowers' account, including, as
above set forth, all amounts received by the Agent in payment of Accounts, and such amounts will be applied to payment of the Obligations as set forth herein. In no event shall prior recourse to any
Accounts or other security granted to or by the Borrowers be a prerequisite to the Agent's right to demand payment of any Obligation. Further, it is understood that the Agent and/or the Lenders shall
have no obligation whatsoever to perform in any respect any of the Borrowers contracts or obligations relating to the Accounts. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;In
order to utilize the collective borrowing powers of the Borrowers in the most efficient and economical manner, and in order to facilitate the handling of the accounts
of the Borrowers on the Agent's books, the Borrowers have requested, and the Agent has agreed to handle accounts of the Borrowers on the Agent's books on a combined basis, all in accordance with the
following provisions: </FONT><FONT SIZE=2><B>(i)</B></FONT><FONT SIZE=2> in lieu of maintaining separate accounts on the Agent's books in the name of each of the Borrowers, the Agent shall maintain
one account (herein the "</FONT><FONT SIZE=2><B>Collective Account</B></FONT><FONT SIZE=2>") under the name: "The Sports Authority,&nbsp;Inc.". Confirmatory assignments of Accounts will continue to
be made to the Agent by each of the Borrowers. Loans and advances made by the Agent to the Borrowers will be charged to the Collective Account indicated above, along with any charges and expenses
under this Financing Agreement. The Collective Account will be credited, with all amounts received by the Agent from any of the Borrowers or from others for their account including all amounts
received by the Agent in payment of Accounts assigned to the Agent as provided in this Financing Agreement; </FONT><FONT SIZE=2><B>(ii)</B></FONT><FONT SIZE=2> each month the Agent will render to the
Borrowers one extract of the combined Collective Account, which shall, unless manifestly in error, be deemed to be an account stated as to each of the Borrowers and which will be deemed correct and
accepted by all of the Borrowers unless the Agent receives a written statement of exceptions from them within thirty (30)&nbsp;days after such extract has been rendered by the Agent. It is expressly
understood and agreed by each of the Borrowers that the Agent shall have no obligation to account separately to any of the Borrowers; </FONT><FONT SIZE=2><B>(iii)</B></FONT><FONT SIZE=2> requests for
loans and advances may be made by </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>28</FONT></P>

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<UL>

<P><FONT SIZE=2>Parent
as agent for the Borrowers and the Agent is hereby authorized and directed to accept, honor and rely on such instructions and requests, subject to the limitation and provisions set forth in
this Financing Agreement. It is expressly understood and agreed by each of the Borrowers that the Agent shall have no responsibility to inquire into the correctness of the apportionment, allocation,
or disposition of </FONT><FONT SIZE=2><B>(x)</B></FONT><FONT SIZE=2> any loans and advances made to any of the Borrowers or </FONT><FONT SIZE=2><B>(y)</B></FONT><FONT SIZE=2> any of the Agent's
expenses and charges relating thereto. All loans and advances are made for the Collective Account. The Borrowers jointly and severally unconditionally guarantee to the Agent and the Lenders the prompt
payment in full of </FONT><FONT SIZE=2><B>(A)</B></FONT><FONT SIZE=2> all loans and advances made and to be made by the Agent and/or the Lenders to any of them under this Financing Agreement, as well
as </FONT><FONT SIZE=2><B>(B)</B></FONT><FONT SIZE=2> all other Obligations of the Borrowers to the Agent and/or the Lenders and hereby expressly confirm in all respects the guaranties executed by
each of the Borrowers in the Agent's and/or the Lenders' favor. All Accounts assigned to the Agent for the benefit of the Lenders by any of the Borrowers and any other collateral security now or
hereafter given to the Agent and/or the Lenders by any of the Borrowers (be it Accounts or otherwise), shall secure all loans and advances made by the Agent and/or the Lenders to any of the Borrowers,
and shall be deemed to be pledged to the Agent as security for any and all other Obligations of the Borrowers to the Agent and/or the Lenders as set forth under this Financing Agreement or any other
Loan Document. It is understood that, notwithstanding the fact that each Borrower is a distinct and separate legal entity, the handling of the accounts of the Borrowers in a combined fashion, as more
fully set forth herein, has been done solely at the Borrowers' request and as an accommodation to the Borrowers, and that the Agent shall incur no liability to the Borrowers as a result thereof. To
induce the Agent and the Lenders to do so, and in consideration thereof, each of the Borrowers hereby agrees, jointly and severally, to indemnify the Agent and the Lenders and hold the Agent and the
Lenders harmless against any and all liability, expense, loss or claim of damage or injury, made against the Agent and/or the Lenders by any of the Borrowers or by any third party whosoever, arising
from or incurred solely by reason of </FONT><FONT SIZE=2><B>(1)</B></FONT><FONT SIZE=2> the method of handling the accounts of the Borrowers as herein provided, </FONT> <FONT SIZE=2><B>(2)</B></FONT><FONT SIZE=2> the Agent relying on any instructions
of any of the Borrowers, or </FONT><FONT SIZE=2><B>(3)</B></FONT><FONT SIZE=2> any other action taken by the
Agent in accordance with this </FONT><FONT SIZE=2><I>Section&nbsp;3.6(b)</I></FONT><FONT SIZE=2> of this Financing Agreement, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2> that
Borrowers shall not be liable for the foregoing indemnification obligations in the event such liability, expense, loss or claim arises
primarily from such indemnified party's own gross negligence or willful misconduct. The foregoing request was made because the Borrowers are engaged
in an integrated operation that requires financing on a basis permitting the availability of credit from time to time to each of the Borrowers as required for the continued successful operation of
each of the Borrowers. Each of the Borrowers expects to derive benefit, directly or indirectly, from such availability since the successful operation of each of the Borrowers is dependent on the
continued successful performance of the functions of the integrated group. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7&nbsp;&nbsp;&nbsp;After
the end of each month, the Agent, on its own behalf and/or acting on behalf of Lenders, shall promptly send the Borrowers a statement showing the accounting for
the charges, loans, advances, and payments by Agent under its Letter of Credit Guaranty and other transactions occurring between the Agent, on its own behalf and/or acting on behalf of Lenders, and
the Borrowers during that month. The monthly statements shall be deemed correct and binding upon each of the Borrowers and shall constitute an account stated between the Borrowers and the Agent unless
the Agent receives a written statement of the exceptions within thirty (30)&nbsp;days of the date of the monthly statement or unless manifestly in error. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8&nbsp;&nbsp;&nbsp;In
the event that (a)&nbsp;the sum of (i)&nbsp;the outstanding balance of Revolving Loans </FONT><FONT SIZE=2><I>plus</I></FONT><FONT SIZE=2> (ii)&nbsp;the
outstanding balance of Letters of Credit exceeds (b)&nbsp;the amount calculated as (i)&nbsp;the lesser of (A)&nbsp;the Line of Credit or (B)&nbsp;the Borrowing Base </FONT> <FONT SIZE=2><I>minus</I></FONT><FONT SIZE=2> the Availability Reserves
(excluding all obligations in respect of the outstanding amount of any Letters of Credit), any such nonconsensual
Overadvance shall be due and payable to Agent immediately upon Agent's demand therefor; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that any </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>29</FONT></P>

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<BR>

<P><FONT SIZE=2>consensual
Overadvance made pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;3.1</I></FONT><FONT SIZE=2> hereof shall be due as and when specified in the requisite consent of Required Lenders. The
Agent, without the request of the Borrowers hereunder, may advance under the Line of Credit any interest, fee, service charge, or other payment to which the Agent or any Lender is entitled from the
Borrowers pursuant hereto and may charge the same to the Borrowers Revolving Loan Account notwithstanding that such amount so advanced may result in an Overadvance. Such action on the part of the
Agent shall not constitute a waiver of the Agent's rights and Borrowers' obligations hereunder. Any amount which is added to the principal balance of the Loan Account as provided in this </FONT> <FONT SIZE=2><I>Section&nbsp;3.8</I></FONT><FONT
SIZE=2> shall bear interest as if it were advances made under a Chase Bank Rate Loan. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;Intentionally Omitted.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;Letters of Credit.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order to assist the Borrowers in establishing or opening (i)&nbsp;documentary Letters of Credit with an Issuing Bank to cover the purchase and importation of Inventory and
(ii)&nbsp;standby Letters of Credit with an Issuing Bank to cover such other matters as the Borrowers may so decide (</FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that such Standby
Letters of Credit may not be used for the purchase of Inventory or to secure present or
future Trade Accounts Payable), the Borrowers have requested the Agent, acting on behalf of the Lenders, to join in the applications for such Letters of Credit, and/or guarantee payment or performance
of such Letters of Credit and any drafts or acceptances thereunder through the issuance of the Letters of Credit Guaranty, thereby lending the Lenders' credit to the Borrowers and the Lenders, acting
through the Agent, have agreed to do so. These arrangements shall be handled by the Agent, acting on behalf of the Lenders, subject to the terms and conditions set forth below. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1&nbsp;&nbsp;&nbsp;Within
the Line of Credit and Availibility, the Agent on behalf of the Lenders shall assist each of the Borrowers in obtaining Letters of Credit in an amount outstanding
not to exceed, at any time, the outstanding amount of the Letter of Credit Sub-Line. It is understood that the term, form and purpose of each Letter of Credit and all documentation in
connection therewith, and any amendments, modifications or extensions thereof, must be mutually acceptable to the Agent, the Issuing Bank and the Borrowers. Any and all outstanding Letters of Credit
issued hereunder for any Borrower shall be reserved dollar for dollar from Borrowers' Availability as part of the Availability Reserve. Notwithstanding anything herein to the contrary, upon the
occurrence of a Default and/or an Event of Default, the Agent's assistance with respect to any Letters of Credit shall be in the Agent's sole discretion unless such Event of Default is waived by the
Agent in writing, or such Default is cured to the Agent's satisfaction in the exercise of its reasonable business judgment during any applicable grace period. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2&nbsp;&nbsp;&nbsp;The
Agent, acting on behalf of the Lenders, shall have the right, without notice to any of the Borrowers, to charge the Borrowers' Revolving Loan Account with the amount
of any and all indebtedness, liability or obligation of any kind paid or incurred by the Agent and/or the Lenders under the Letters of Credit Guaranty at the earlier of (a)&nbsp;payment by the Agent
under the Letters of Credit Guaranty; or (b)&nbsp;the termination of this Financing Agreement. Any amount charged to the Borrowers' Revolving Loan Accounts shall be deemed a Revolving Loan hereunder
and shall incur interest at the rate provided in </FONT><FONT SIZE=2><I>Section&nbsp;8.1</I></FONT><FONT SIZE=2> of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3&nbsp;&nbsp;&nbsp;Each
of the Borrowers jointly and severally unconditionally indemnifies the Agent and the Lenders and holds the Agent and the Lenders harmless from any and all loss,
claim or liability incurred by the Agent arising from any transactions or occurrences relating to Letters of Credit established or opened for any Borrower's account, the collateral relating thereto
and any drafts or acceptances thereunder, and all Obligations thereunder, including any such loss or claim due to any errors, omissions, negligence, misconduct or action taken by any Issuing Bank,
other than for any such loss, claim or liability arising out of the gross negligence or willful misconduct by the Agent and/or the Lenders under the Letters of Credit Guaranty. This indemnity shall
survive termination of this </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>30</FONT></P>

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<P><FONT SIZE=2>Financing
Agreement. The Borrowers agree that any charges incurred by the Agent for any of the Borrowers' account by the Issuing Bank shall be conclusive on the Agent and may be charged to the
Borrowers' Revolving Loan Account. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4&nbsp;&nbsp;&nbsp;In
connection with any Letter of Credit or Letter of Credit Guaranty, neither the Agent nor any Lender shall be responsible for: (a)&nbsp;the existence, character,
quality, quantity, condition, packing, value or delivery of the goods purporting to be represented by any documents; (b)&nbsp;any difference or variation in the character, quality, quantity,
condition, packing, value or delivery of the goods from that expressed in the documents; (c)&nbsp;the validity, sufficiency or genuineness of any documents or of any endorsements thereon, even if
such documents should in fact prove to be in any or all respects invalid, insufficient, fraudulent or forged; (d)&nbsp;the time, place, manner or order in which shipment is made; (e)&nbsp;partial
or incomplete shipment, or failure or omission to ship any or all of the goods referred to in the Letters of Credit or documents; (f)&nbsp;any deviation from instructions; (g)&nbsp;delay, default,
or fraud by the shipper and/or anyone else in connection with the goods or the shipping thereof; or (h)&nbsp;any breach of contract between the shipper or vendors and the Borrowers. Furthermore,
without being limited by the foregoing, neither the Agent nor any Lender shall be responsible for any act or omission with respect to or in connection with any Inventory which is the subject of any
Letter of Credit, except to the extent that such act or omission is the result of the gross negligence or willful misconduct of the Agent and/or any Lender. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5&nbsp;&nbsp;&nbsp;In
connection with any Letter of Credit or Letter of Credit Guaranty, the Borrowers agree that any action taken by the Agent and/or the Lenders, if taken in good faith,
or any action taken by any Issuing Bank, under or in connection with the Letters of Credit, the Letter of Credit Guaranties, the drafts or acceptances, or the Collateral, shall be binding on each of
the Borrowers and shall not put the Agent and/or the Lenders in any resulting liability to the Borrowers other than as a result of the gross negligence or willful misconduct of the Agent or such
Lender. After the occurrence of an Event of Default which is not waived, the Agent shall have the full right and authority to: (a)&nbsp;clear and resolve any questions of non-compliance
of documents; (b)&nbsp;give any instructions as to acceptance or rejection of any documents or goods; (c)&nbsp;execute any and all steamship or airways guaranties (and applications therefore),
indemnities or delivery orders; (d)&nbsp;grant any extensions of the maturity of, time of payment for, or time of presentation of, any drafts, acceptances, or documents; and (e)&nbsp;agree to any
amendments, renewals, extensions, modifications, changes or cancellations of any of the terms or conditions of any of the applications, Letters of Credit, drafts or acceptances; all in the Agent's
sole name. The Issuing Bank shall be entitled to comply with and honor any and all such documents or instruments executed by or received solely from the Agent, all without any notice to or any consent
from the Borrowers or any one of them, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that the Agent shall give the Borrowers notice
of the acceptance or rejection of any goods. Notwithstanding any prior course of conduct or dealing with respect to the foregoing including amendments and non-compliance with documents
and/or any of the Borrower's instructions with respect thereto, the Agent may exercise its rights hereunder in its sole and reasonable business judgement. In addition, without the Agent's express
consent and endorsement in writing, the Borrowers agree: (a)&nbsp;not to (i)&nbsp;execute any and all applications for steamship or airway guaranties, indemnities or delivery orders;
(ii)&nbsp;grant any extensions of the maturity of, time of payment for, or time of presentation of, any drafts, acceptances or documents; or (iii)&nbsp;agree to any amendments, renewals,
extensions, modifications, changes or cancellations of any of the terms or conditions of any of the applications, Letters of Credit, drafts or acceptances; and (b)&nbsp;after the occurrence of an
Event of Default which is not cured within any applicable grace period, if any, or waived by the Agent, not to (i)&nbsp;clear and resolve any questions of non-compliance of documents, or
(ii)&nbsp;give any instructions as to acceptances or rejection of any documents or goods. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6&nbsp;&nbsp;&nbsp;In
connection with any Letter of Credit or Letter of Credit Guaranty, the Borrowers agree that: (a)&nbsp;any necessary import, export or other licenses or certificates
for the import or handling of the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>31</FONT></P>

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<P><FONT SIZE=2>Collateral
will have been promptly procured; (b)&nbsp;all foreign and domestic governmental laws and regulations in regard to the shipment and importation of the Collateral, or the financing thereof
will have been promptly and fully complied with, except to the extent that any such non-procurement or non-compliance will not have a material adverse effect on such Inventory;
and (c)&nbsp;any certificates in that regard that the Agent may at any time reasonably request will be promptly furnished. In connection herewith, the Borrowers warrant and represent that all
shipments made under any such Letters of Credit are in accordance with the laws and regulations of the countries in which the shipments originate and terminate, and are not prohibited by any such laws
and regulations, except to the extent that any failure to so comply will not have a material adverse effect on such shipments. Each of the Borrowers assume all risk, liability and responsibility for,
and agrees to pay and discharge, all present and future local, state, federal or foreign Taxes, duties, or levies. Any embargo, restriction, laws, customs or regulations of any country, state, city,
or other political subdivision, where the Collateral is or may be located, or wherein payments are to be made, or wherein drafts may be drawn, negotiated, accepted, or paid, shall be solely the
Borrowers' risk, liability and responsibility. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7&nbsp;&nbsp;&nbsp;Upon
any payments made to the Issuing Bank under the Letter of Credit Guaranty, the Agent on behalf of the Lenders shall acquire by subrogation, any rights, remedies,
duties or obligations granted or undertaken by the Borrowers or any one of them to the Issuing Bank in any application for Letters of Credit, any standing agreement relating to Letters of Credit or
otherwise, all of which shall be deemed to have been granted to the Agent on behalf of the Lenders and apply in all respects to the Agent and shall be in addition to any rights, remedies, duties or
obligations contained herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8&nbsp;&nbsp;&nbsp;Nothing
in this </FONT><FONT SIZE=2><I>Section&nbsp;5</I></FONT><FONT SIZE=2> is intended to relieve any Issuing Bank from any liability to any Person. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Schedule&nbsp;5.9</I></FONT><FONT SIZE=2> sets forth the letters of credit originally issued pursuant to the Gart Sports Credit Facility and
the TSA Credit Facility which will remain outstanding as of the date hereof (collectively, the "</FONT><FONT SIZE=2><B>Outstanding Letters of Credit</B></FONT><FONT SIZE=2>"). The Borrowers, the
Agent and each of Lenders hereby agree with respect to the Outstanding Letters of Credit that such Outstanding Letters of Credit, for all purposes under this Financing Agreement shall be deemed to be
Letters of Credit governed by the terms and conditions of this Financing Agreement. Each Lender agrees to participate in each Outstanding Letter of Credit issued by any Issuing Bank as provided in
this </FONT><FONT SIZE=2><I>Section&nbsp;5</I></FONT><FONT SIZE=2> according to its pro rata portion of the Line of Credit. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>32</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_lg2148_1_33"> </A> </FONT> <FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;Collateral.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1&nbsp;&nbsp;&nbsp;As
security for the prompt payment in full of all Obligations, each of the Borrowers hereby pledges and grants to the Agent on behalf of the Lenders a continuing general
lien upon, and security interest in all their Collateral, including, but not limited to, all of their: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Accounts; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Inventory;
</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;General
Intangibles; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Documents
of Title; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Other
Collateral; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Equipment;
and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Real
Estate. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2&nbsp;&nbsp;&nbsp;The
security interests granted hereunder shall extend and attach to: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;All
Collateral which is owned by any of the Borrowers or in which the Borrowers have any interest (but only to the extent of such interest), whether held by the
Borrowers or others for their account, but shall not include leased Equipment; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;All
Equipment, whether the same constitutes personal property or fixtures, including, but without limiting the generality of the foregoing, all accretions, component
parts thereof and additions thereto, as well as all accessories and auxiliary parts used in connection with, or attached to, the Equipment; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;All
Inventory and any portion thereof which may be returned, rejected, reclaimed or repossessed by either the Agent or the Borrowers from the Borrowers' customers, as
well as to all supplies, goods, incidentals, packaging materials, labels and any other items which contribute to the finished goods or products manufactured or processed by the Borrowers, or to the
sale, promotion or shipment thereof. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Borrowers agrees to take reasonable steps, consistent with current business practices, to safeguard, protect and hold all Inventory and make
no disposition thereof except in the ordinary course of their business or in the manner and for the purposes set forth in </FONT><FONT SIZE=2><I>Section&nbsp;3.3</I></FONT><FONT SIZE=2>. The
Borrowers represent and warrant that Inventory will be sold and shipped by the Borrowers to their customers only in the ordinary course of the Borrowers' business; </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT
SIZE=2><I>however</I></FONT><FONT SIZE=2>, that all proceeds of all such sales (including cash, checks and instruments for the
payment of money), other than the Retained Cash, are promptly deposited in accordance with </FONT><FONT SIZE=2><I>Section&nbsp;3.4</I></FONT><FONT SIZE=2> of this Financing Agreement, and, provided
further that absent the prior written consent of the Agent, the Borrowers shall not sell Inventory on a consignment basis nor retain any lien or security interest in any sold Inventory in an aggregate
amount in excess of Five Million Dollars ($5,000,000) in any twelve (12)&nbsp;month period. Upon the sale, exchange, or other disposition of Inventory, as herein provided, the security interest in
the Inventory provided for herein shall, without break in continuity and without further formality or act, continue in, and attach to, all proceeds, including any instruments for the payment of money,
Trade Accounts Receivable, documents of title, shipping documents, chattel paper and all other cash and non-cash proceeds of such sale, exchange or disposition. As to any such sale,
exchange or other disposition, the Agent shall have all of the rights of an unpaid seller, including stoppage in transit, replevin, rescission and reclamation. The Borrowers hereby agree to
immediately forward any and all proceeds of Collateral to the Blocked Accounts, and to hold any such proceeds (including any notes and instruments), subject to the security interest of the Agent on
behalf of the Lenders pending delivery to the Agent. Irrespective of the Agent's perfection status in any and all of the General </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>33</FONT></P>

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<P><FONT SIZE=2>Intangibles,
including, without limitations, any Patents, Trademarks, Copyrights or licenses with respect thereto, each of the Borrowers hereby irrevocably grants the Agent a royalty free license to
sell, or otherwise dispose or transfer, in accordance with </FONT><FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2> of this Financing Agreement, and the applicable terms hereof, of any of
the Inventory upon the occurrence of an Event of Default which has not been waived in writing by the Agent. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
value of Eligible Inventory shall be determined at the lower of cost or market value, using a valuation on a FIFO basis in accordance with GAAP excluding capitalized
buying, handling and distribution costs, as reflected on the Borrowers' books and records. The orderly liquidation value of Inventory shall be determined by physical appraisal by an appraisal firm
mutually acceptable to Borrowers and the Agent. Such appraisals shall be performed from time to time in the Agent's discretion, and at least once per Fiscal Year if directed by Required Lenders. The
Borrowers shall bear
the cost and expense of such appraisals (a)&nbsp;once per Seasonal Advance Period (or a maximum of twice in any calendar year), (b)&nbsp;in the event Borrowers do not request any Seasonal Advances
in any twelve (12)&nbsp;month period, once per such twelve (12)&nbsp;month period, and (c)&nbsp;following the occurrence and during the continuation of an Event of Default, from time to time as
frequently as deemed necessary by the Agent. Without limiting the foregoing, the Agent may have additional appraisals performed from time to time as frequently as Agent or Required Lenders may
reasonably require at the Agent and Lenders' sole cost and expense. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4&nbsp;&nbsp;&nbsp;Each
of the Borrowers agrees at its own cost and expense to take reasonable steps, consistent with current business practices, to keep the Equipment in as good and
substantial repair and condition as the same is now or at the time the lien and security interest granted herein shall attach thereto, reasonable wear and tear excepted. Each of the Borrowers also
agrees to safeguard, protect and hold all Equipment in accordance with the terms hereof and subject to the Agent's security interest. Absent the Agent's prior written consent, any sale, exchange or
other disposition of any Equipment shall be made by the Borrowers in the ordinary course of their business and as set forth herein. The Borrowers may, in the ordinary course of their business, sell,
exchange or otherwise dispose of obsolete or surplus Equipment; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that the aforesaid
right shall automatically cease upon the occurrence of an Event of Default which is not waived in writing by the Agent. Upon the sale, exchange, or other disposition of the Equipment, as herein
provided, the security interest provided for herein shall, without break in continuity and without further formality or act, continue in, and attach to, all proceeds, including any instruments for the
payment of money, Accounts, documents of title, shipping documents, chattel paper and all other cash and non-cash proceeds of such sales, exchange or disposition. As to any such sale,
exchange or other disposition, the Agent and the Lenders shall have all of the rights of an unpaid seller, including stoppage in transit, replevin, rescission and reclamation. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5&nbsp;&nbsp;&nbsp;The
rights and security interests granted to the Agent and the Lenders hereunder are to continue in full force and effect, notwithstanding the termination of this
Financing Agreement or the fact that the Revolving Loan Account maintained in the Borrowers' names on the books of the Agent may from time to time be temporarily in a credit position, until the final
payment in full of all Obligations and the termination of this Financing Agreement. Any delay, or omission by the Agent to exercise any right hereunder shall not be deemed a waiver thereof, or be
deemed a waiver of any other right, unless such waiver shall be in writing and signed by the Agent. A waiver on any one occasion shall not be construed as a bar to, or waiver of, any right or remedy
on any future occasion. Upon satisfaction in full of all Obligations and the termination of this Financing Agreement, the Agent will take, at the Borrowers' request and expense, all actions and do all
things reasonably necessary to release the rights and security interests in the Collateral, and upon any partial release of Collateral, the Agent will take, at the Borrowers' request and expense, all
actions and do all things reasonably necessary to release the rights and security interests in the Collateral that is the subject of such partial release. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>34</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6&nbsp;&nbsp;&nbsp;Notwithstanding
the Agent's security interest in the Collateral for the benefit of the Lenders and to the extent that the Obligations are now or hereafter secured by any
assets or property other than the Collateral or by the guarantee, endorsement, assets or property of any other person, the Agent shall have the right in its sole discretion to determine which rights,
liens, security interests or remedies the Agent shall at any time pursue, foreclose upon, relinquish, subordinate, modify or take any other action with respect to, without in any way modifying or
affecting any of them, or any of the Agent's and/or the Lenders' rights hereunder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7&nbsp;&nbsp;&nbsp;Any
reserves or balances to the credit of the Borrowers, or any one of them, and any other property or assets of the Borrowers, or any one of them, in the possession or
control of the Agent and/or the Lenders may be held by the Agent as security for any Obligations and applied in whole or partial satisfaction of such Obligations when due. The liens and security
interests granted herein, and any other lien or security interest the Agent and/or the Lenders may have in any other assets of the Borrowers, shall secure payment and performance of all now existing
and future Obligations. The Agent may in its discretion charge any or all of the Obligations to the Revolving Loan Account when due. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Upon
the (i)&nbsp;sale of any Equipment or Real Estate Collateral, or (ii)&nbsp;the sale leaseback or other financing of any Designated
Sale-Leaseback Property through a transaction in which the Indebtedness incurred by the Borrowers in connection with such sale leaseback or other financing would constitute a Purchase
Money Obligation, Agent agrees, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that (a)&nbsp;no Event of Default has occurred and is continuing or would result therefrom, and
(b)&nbsp;any such sale or sale leaseback or other financing is otherwise permitted by this Financing Agreement; (y)&nbsp;to release any security interest or lien it may have in the Equipment, Real
Estate Collateral or Designated Sale-Leaseback Property which is the subject of the sale or sale leaseback or other financing (which release to include the release of all assets comprising
real property directly-related to any Real Estate Collateral which is the subject of the sale or sale-leaseback or mortgage financing and which real property would customarily be the
subject of any mortgage lien securing Purchase Money Obligations, such as future rents, fixtures and proceeds which may be received on any future sale or other disposition of the Real Estate
Collateral which is the subject of such sale leaseback or mortgage financing); and, (z)&nbsp;at the expense of the Borrowers, to file or record, or deliver to the Borrowers for filing or
recordation, such termination statements, amendments to financing statements, reconveyances, mortgage releases, or such other instruments or documents as the Person acquiring the Equipment, Real
Estate Collateral or Designated Sale-Leaseback Property or providing the sale leaseback or mortgage financing may reasonably require. All net Collections received by the Borrowers from the
(i)&nbsp;sale of any Equipment or Real Estate Collateral, or (ii)&nbsp;the sale leaseback or other financing of any Designated Sale-Leaseback Property shall be immediately deposited by
the Borrowers to Blocked Accounts as provided in </FONT><FONT SIZE=2><I>Section&nbsp;3.4</I></FONT><FONT SIZE=2> hereof. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Upon
the occurrence of any liquidation or merger of a Borrower or Services permitted pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;7.9(d)</I></FONT><FONT SIZE=2>
hereof, the Agent agrees to release, upon the written request of a Borrower or Services, any security interest or lien it may have in the assets of such liquidating or non-surviving
merging Borrower or Services. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9&nbsp;&nbsp;&nbsp;Each
of the Borrowers possess all rights necessary to conduct their business as conducted as of the Closing Date and the Borrowers shall maintain their rights in, and
the value of, the foregoing in the ordinary course of their business, including, without limitation, by making timely payment with respect to any applicable licensed rights; </FONT> <FONT SIZE=2><I>provided that</I></FONT><FONT SIZE=2> Borrower may
abandon any General Intangible which it deems in its reasonable business judgment to no longer be necessary to the conduct of
its business. The Borrowers shall deliver to the Agent, and/or shall cause the appropriate party to deliver to the Agent, from time to time such pledge or security agreements with respect to General
Intangibles (now or hereafter acquired) of the Borrowers as the Agent shall require to obtain valid first liens thereon. In furtherance of the foregoing, the Borrowers shall provide timely notice to
the Agent of any additional Patents, Trademarks, tradenames, service marks, Copyrights, brand names, trade names, </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>35</FONT></P>

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<P><FONT SIZE=2>logos
and other trade designations acquired or applied for subsequent to the Closing Date and the Borrowers shall execute such documentation as the Agent may reasonably require to obtain and perfect
its lien thereon. The Borrowers hereby confirm that they shall deliver, or cause to be delivered, any pledged stock issued subsequent to the Closing Date to the Agent in accordance with the applicable
terms of their respective Stock Pledge Agreement and prior to such delivery, shall hold any such stock in trust for the Agent. Each of the Borrowers hereby irrevocably grants to the Agent a
royalty-free, non-exclusive license in the General Intangibles, including tradenames, Trademarks, Copyrights, Patents, licenses, and any other proprietary and intellectual
property rights and any and all right, title and interest in any of the foregoing, for the sole purpose, upon the occurrence of an Event of Default, of the right to: (i)&nbsp;advertise for sale and
sell or transfer any Inventory bearing any of the General Intangibles, and (ii)&nbsp;make, assemble, prepare for sale or complete, or cause others to do so, any applicable raw materials or Inventory
bearing any of the General Intangibles, including use of the Equipment and Real Estate for the purpose of completing the manufacture of unfinished goods, raw materials or
work-in-process comprising Inventory, and apply the proceeds thereof to the Obligations hereunder, all as further set forth in this Financing Agreement and irrespective of the
Agent's lien and perfection in any General Intangibles. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10&nbsp;This
Financing Agreement and the obligation of the Borrowers to perform all of their covenants and obligations may be further secured, from time to time, by Mortgages
on the Real Estate Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.11&nbsp;The
Borrowers agree that all chattel paper created by the Borrowers will be marked: "This chattel paper has been assigned to The CIT Group/Business Credit,&nbsp;Inc.,
as Agent. Further assignment of this chattel paper violates the rights of The CIT Group/Business Credit,&nbsp;Inc." </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;Representations, Warranties and Covenants.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1&nbsp;&nbsp;&nbsp;Each
of the Borrowers hereby warrants, represents and covenants that: (a)&nbsp;the fair value of their Total Assets exceeds the book value of their Total Liabilities;
(b)&nbsp;each Borrower is generally able to pay its debts as they become due and payable; and (c)&nbsp;each Borrower does not have unreasonably small capital to carry on its business as is
currently conducted absent extraordinary and unforeseen circumstances. The Borrowers further warrant and represent that: (i)&nbsp;</FONT><FONT SIZE=2><I>Schedule&nbsp;B</I></FONT><FONT SIZE=2>
hereto correctly and completely sets forth as to each of the Borrowers' (A)&nbsp;their chief executive offices, (B)&nbsp;their Collateral locations, (C)&nbsp;their tradenames, and (D)&nbsp;all
the other information listed on said Schedule; (ii)&nbsp;except for the Permitted Encumbrances, after filing of financing statements in the applicable filing clerks' offices and/or Mortgages with
the applicable recording offices, this Financing Agreement creates a valid, perfected and first priority security interest in the Collateral and the security interests granted herein constitute and
shall at all times constitute the first and only liens on the Collateral; (iii)&nbsp;except for the Permitted Encumbrances, the Borrowers are, or will be, at the time additional Collateral is
acquired by them, the absolute owner of the Collateral with full right to pledge, sell, consign, transfer and create a security interest therein, free and clear of any and all claims or liens in favor
of others; (iv)&nbsp;the Borrowers will, at their expense, forever warrant and, at the Agent's request, defend the same from any and all claims and demands of any other person other than a holder of
a Permitted Encumbrance; (v)&nbsp;the Borrowers, or any one of them, will not grant, create or permit to exist, any lien upon, or security interest in, the Collateral, or any proceeds thereof, in
favor of any other person other than the holders of the Permitted Encumbrances; (vi)&nbsp;the Equipment does not comprise a part of any Borrowers' Inventory; and (vii)&nbsp;the Equipment is and
will only be used by the Borrowers in their business and will not be held for sale or lease, or removed from their premises, or otherwise disposed of by the Borrowers except as otherwise permitted in
this Financing Agreement or consistent with past business practice. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2&nbsp;&nbsp;&nbsp;Each
of the Borrowers agrees to maintain books and records pertaining to the Collateral in accordance with GAAP and in such additional detail, form and scope as the
Agent shall reasonably </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>36</FONT></P>

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<P><FONT SIZE=2>require
consistent with such Borrower's past business practice. The Borrowers agree that prior to the occurrence of an Event of Default the Agent or its agents and any of the Lenders who may wish to
accompany the Agent at their own cost and expense, may enter upon the Borrowers' premises at any time during normal business hours (or at such other times as the Agent and the Borrowers agree upon),
and from time to time (but no more than once per Fiscal Quarter of Parent, but at least once per Fiscal Year of Parent if requested by Required Lenders) in its reasonable business judgement and upon
reasonable notice, for the purpose of inspecting the Collateral and any and all records pertaining thereto. During the continuance of an Event of Default, the Agent or its agents, at the Borrowers'
expense, and any of the Lenders (at such Lender's expense and at Agent's sole discretion as to the number of Lenders) who may wish to accompany Agent, may enter the Borrowers' premises, upon
reasonable notice and during normal business hours, and as often as it deems reasonably necessary, to inspect the Collateral and the books and records of the Borrowers. The Borrowers agree to afford
the Agent prompt written notice of any change in the location of any Personal Property Collateral outside the ordinary course of Borrowers' business, other than to locations that are known to the
Agent as of the Closing Date and as to which the Agent has fully perfected its liens thereon. Each of the Borrowers are also to advise the Agent promptly, in sufficient detail, of any material adverse
change (other than seasonal changes) relating to the type, quantity or quality of the Personal Property Collateral or on the security interests granted to the Agent for the benefit of the Lenders
therein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3&nbsp;&nbsp;&nbsp;Each
of the Borrowers agrees to: execute and deliver to the Agent, from time to time, solely for the Agent's convenience in maintaining a record of the Collateral, such
written statements, and schedules as the Agent may reasonably require, designating, identifying or describing the Collateral. Any failure, however, to promptly give the Agent such statements, or
schedules shall not affect, diminish, modify or otherwise limit the Agent's and/or the Lenders' security interests in the Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4&nbsp;&nbsp;&nbsp;Each
of the Borrowers agrees to comply with the requirements of all state and federal laws in order to grant to the Agent valid and perfected first security interests in
the Collateral, subject only to the Permitted Encumbrances. The Agent is hereby authorized by the Borrowers to file (including pursuant to the applicable terms of the UCC) from time to time any
financing statements, continuations or amendments covering the Personal Property Collateral. The Agent is hereby authorized by the Borrowers, to the extent permitted by applicable law, to file any
financing statements covering the Personal Property Collateral whether or not the Borrowers' signature appears thereon, and the Borrowers hereby consent to and ratify any and all execution and/or
filing of financing statements on or prior to the Closing Date by the Agent. The Borrowers agree to do whatever the Agent may reasonably request, from time to time, by way of: (a)&nbsp;filing
notices of liens, financing statements, amendments, renewals and continuations thereof; (b)&nbsp;cooperating with the Agent's agents and employees; (c)&nbsp;keeping Collateral records; (d)&nbsp;
transferring proceeds of Collateral to the Agent's possession; and (e)&nbsp;performing such further acts as the Agent and/or the Lenders may reasonably require in order to effect the purposes of
this Financing Agreement, including but not limited to obtaining control agreements with respect to Blocked Accounts and/or Investment Property. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The
Borrowers agree to maintain insurance under such policies of insurance, with such insurance companies, in such reasonable amounts and covering such
insurable risks on (i)&nbsp;Inventory, as is reasonably acceptable to the Agent consistent with industry standards and (ii)&nbsp;Real Estate and Equipment, on terms no less favorable than the
insurance coverage in place as of the date hereof (other than with respect to the limits and deductibles of such coverage). All policies covering the Real Estate, Equipment and Inventory are, subject
to the rights of any holders of Permitted Encumbrances holding claims senior to the Agent, to be made payable to the Agent on behalf of the Lenders, in case of loss, under a standard
non-contributory "mortgagee", "lender" or "secured party" clause and are to contain such other provisions as the Agent may require to fully protect the Agent's interest in the Real Estate,
Inventory and Equipment and to any payments to be made under such policies. Unless otherwise agreed in writing as set forth in the last paragraph of </FONT> <FONT SIZE=2><I>Section&nbsp;2.1</I></FONT><FONT SIZE=2>, all original policies or true
</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>37</FONT></P>

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<P><FONT SIZE=2>copies
thereof are to be delivered to the Agent, premium prepaid, with the lender's loss payable endorsement in the Agent's favor, and shall provide for not less than thirty (30)&nbsp;days prior
written notice to the Agent of the exercise of any right of cancellation. At the Borrowers' request, or if the Borrowers fail to maintain such insurance, the Agent may arrange for such insurance, but
at the Borrowers' expense and without any responsibility on the Agent's or any Lender's part for: (i)&nbsp;obtaining the insurance; (ii)&nbsp;the solvency of the insurance companies;
(iii)&nbsp;the adequacy of the coverage; or (iv)&nbsp;the collection of claims. Upon the occurrence of an Event of Default which is not waived in writing by the Required Lenders, the Agent shall,
subject to the rights of any holders of Permitted Encumbrances holding claims senior to the Agent, have the sole right and at its option, in the name of the Agent or the Borrowers or any of them, to
file claims under any insurance policies, to receive, receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases,
assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policies. In the event of any loss or
damage by fire or other casualty, insurance proceeds relating to Borrowers Inventory shall constitute Collections and shall be deposited in the Blocked Accounts in accordance with </FONT> <FONT SIZE=2><I>Section&nbsp;3.4</I></FONT><FONT SIZE=2> of
this Financing Agreement. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;In
the event any part of the Collateral is damaged by fire or other casualty and the Insurance Proceeds for such damage are greater than Five Hundred Thousand Dollars
($500,000) in any Fiscal Year, such proceeds, in their entirety, shall be delivered to the Agent and the Agent shall promptly apply such Proceeds to reduce the Borrowers' outstanding balance in the
Revolving Loan Account. In the event any part of the Collateral is damaged by fire or other casualty and the Insurance Proceeds for such damage are less than Five Hundred Thousand Dollars ($500,000)
in any Fiscal Year, such proceeds, in their entirety, shall be delivered to the Borrowers'. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;In
the event the Borrowers or any one of them fails to provide the Agent with timely evidence, acceptable to the Agent, of its maintenance of insurance coverage required
pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;7.5(a)</I></FONT><FONT SIZE=2> above, the Agent may purchase, at the Borrowers' expense, insurance to protect the Agent's interests in the
Collateral. The insurance acquired by the Agent may, but need not, protect the Borrowers' interest in the Collateral, and therefore such insurance may not pay claims which the Borrowers may have with
respect to the Collateral or pay any claim which may be made against the Borrowers in connection with the Collateral. In the event the Agent purchases, obtains or acquires insurance covering all or
any portion of the Collateral, the Borrowers shall be responsible for all of the applicable costs of such
insurance, including premiums, interest (at the applicable Chase Bank Rate for Revolving Loans set forth in </FONT><FONT SIZE=2><I>Section&nbsp;8.1</I></FONT><FONT SIZE=2> hereof), fees and any
other charges with respect thereto, until the effective date of the cancellation or the expiration of such insurance. The Agent may charge all of such premiums, fees, costs, interest and other charges
to the Borrowers' Revolving Loan Accounts. Each of the Borrowers hereby acknowledges that the costs of the premiums of any insurance acquired by the Agent may exceed the costs of insurance which the
Borrowers may be able to purchase on their own. In the event that the Agent purchases such insurance, the Agent will notify the Borrowers or the applicable Borrowers, in writing, of said purchase
within thirty (30)&nbsp;days of the date of such purchase. If, within thirty (30)&nbsp;days after the date of such notice, the Borrowers provide the Agent with proof that the Borrowers have the
insurance coverage required pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;7.5(a)</I></FONT><FONT SIZE=2> above (in form and substance satisfactory to the Agent), then the Agent agrees to cancel
the insurance purchased by the Agent and credit the Borrowers' Revolving Loan Accounts with the amount of all costs, interest and other charges associated with any insurance purchased by the Agent,
including with any amounts previously charged to any Revolving Loan Accounts. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6&nbsp;&nbsp;&nbsp;Each
of the Borrowers agrees to pay, when due, all Taxes, including sales taxes, assessments, claims and other charges lawfully levied or assessed upon the Borrowers or
the Collateral, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>38</FONT></P>

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<P><FONT SIZE=2><I> however</I></FONT><FONT SIZE=2>, that such remittances need not be made on or before such due date if such sales taxes are subject to a Permitted Protest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7&nbsp;&nbsp;&nbsp;Each
of the Borrowers: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;agrees
to comply with all acts, rules, regulations and orders of any legislative, administrative or judicial body or official, including, but not limited to, the Fair
Labor Standards Act, as set forth in Section&nbsp;201 through Section&nbsp;219 of Title 29 of the United States Code, which the failure to comply with would have a material and adverse impact on
the Collateral, or any material part thereof, or on the business or operations of the Borrowers, provided that the Borrowers may contest any acts, rules, regulations, orders and directions of such
bodies or officials in any reasonable manner which will not materially and adversely effect the Agent's and/or the Lenders' rights or priority in the Collateral; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;agrees
to comply with all environmental statutes, acts, rules, regulations or orders as presently existing or as adopted or amended in the future, applicable to the
Collateral, the ownership and/or use of its Real Estate and operation of their business, which the failure to comply with would have a material and adverse impact on the Collateral, or any material
part thereof, or on the operation of the business of the Borrowers; and shall not be deemed to have breached any provision of this </FONT><FONT SIZE=2><I>Section&nbsp;7.7(b)</I></FONT><FONT SIZE=2>
if (i)&nbsp;the failure to comply with the requirements of this </FONT><FONT SIZE=2><I>Section&nbsp;7.7(b)</I></FONT><FONT SIZE=2> resulted from good faith error or innocent omission,
(ii)&nbsp;the Borrowers promptly commence and diligently pursue a cure of such breach, and (iii)&nbsp;such failure is cured within thirty (30)&nbsp;days following the Borrowers' receipt of
notice of such failure, or if such cannot in good faith be cured within thirty (30)&nbsp;days, then such breach is cured within a reasonable time frame based upon the extent and nature of the breach
and the necessary remediation, and in conformity with any applicable consent order, consensual agreement and
applicable law. The Borrowers hereby indemnify the Agent and each Lender and agree to defend and hold the Agent and each Lender harmless from and against any and all loss, damage, claim, liability,
injury or expense which the Agent and each Lender may sustain or incur in connection with: any claim or expense asserted against the Agent or any Lender as a result of any environmental pollution,
hazardous material or environmental clean-up of the Borrowers' Real Estate, or any claim or expense which results from the Borrowers' operations (including, but not limited to, the
Borrowers' off-site disposal practices); </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2> that Borrowers shall not be
liable for any claim or expense incurred primarily as a result of an indemnified party's own gross negligence or willful misconduct. The Borrowers further agree that this indemnification as to
environmental liability shall survive for two (2)&nbsp;years from the date of termination of this Financing Agreement and the payment of all Obligations or amounts payable hereunder. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8&nbsp;&nbsp;&nbsp;Until
termination of this Financing Agreement and payment and satisfaction of all Obligations due hereunder, the Borrowers agree that, unless the Agent shall have
otherwise consented in writing, each of the Borrowers will furnish to the Agent and each Lender: (a)&nbsp;within ninety (90)&nbsp;days after the end of each Fiscal Year of each of the Borrowers,
an audited Consolidated Balance Sheet, and at the request of the Agent, with a Consolidating Balance Sheet (to the extent such Consolidating Balance Sheet has already been prepared) attached thereto,
as at the close of such year, and statements of profit and loss, cash flow and reconciliation of surplus of Parent and its Subsidiaries on a consolidated basis for such year, audited by independent
public accountants selected by the Borrowers and satisfactory to the Agent (the Agent hereby agrees that each of Ernst&nbsp;&amp; Young and Deloitte&nbsp;&amp; Touche is presently satisfactory to Agent);
(b)&nbsp;forty-five (45)&nbsp;days after the end of each Fiscal Month, other than a month that constitutes a Fiscal Year end (and except with respect to the first Fiscal Month of each
fiscal year of the Borrowers, with respect to which the applicable period for delivery shall be sixty days (60)&nbsp;rather than forty-five (45)&nbsp;days), a Consolidated Balance
Sheet as at the end of such period and consolidated statements of operations and cash flows of the Parent and its consolidated Subsidiaries for such period, certified by an authorized financial or
accounting officer of the Borrowers; </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>39</FONT></P>

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<P><FONT SIZE=2>(c)&nbsp;sixty
(60)&nbsp;days after the end of each Fiscal Year of the Parent, annual cash flow projections in form satisfactory to the Agent, and (d)&nbsp;from time to time, such further
information regarding the business affairs and financial condition of the Borrowers and/or any subsidiaries thereof as the Agent may reasonably request, including, without limitation (i)&nbsp;the
accountant's management practice letter, if any, and (ii)&nbsp;revised cash flow projections in form satisfactory to the Agent. Each financial statement which the Borrowers are required to submit
hereunder must be accompanied by an officer's certificate, signed by the President, Chief Financial Officer, Vice President, Controller, or Treasurer, pursuant to which any one such officer must
certify that: (i)&nbsp;the financial statement(s) fairly and accurately represent(s) the financial condition of the Borrowers and their Subsidiaries, at the end of the particular accounting period,
as well as the operating results of the Borrowers and their Subsidiaries, during such accounting period, subject to year-end audit adjustments; (ii)&nbsp;during the particular accounting
period: (x)&nbsp;there has been no Default or Event of Default under this Financing Agreement, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that if any such officer has knowledge
that any such Default or Event of Default has occurred during such period, the existence of and a
detailed description of same shall be set forth in such officer's certificate; and (y)&nbsp;a senior officer of the Borrowers has not received any notice of cancellation with respect to its property
insurance policies or certifying as to replacement policies therefore; (iii)&nbsp;if Availability has been below Ninety Million Dollars ($90,000,000) for three (3)&nbsp;consecutive Business Days
during the period covered by such financial statement, the exhibits attached to such monthly and annual financial statement(s) shall be accompanied by detailed calculations of all financial covenants
for such period; (iv)&nbsp;as of the last day of the particular accounting period, each Borrower is current with respect to the payment of all sales taxes due by the Borrowers to any state taxing
authorities except to the extent specifically noted to the contrary on a schedule attached to such officer's certificate; (v)&nbsp;as of the last day of the particular accounting period, each
Borrower is current with respect to the payment of all rent due to landlords of the Borrowers except to the extent specifically noted to the contrary on a schedule attached to such officer's
certificate; and (vi)&nbsp;a detailed description of the change of location of any Collateral (if necessary to perfect or maintain the Agent's perfected security interest in the Collateral or if any
Collateral is relocated in connection with the opening of a Borrower's new retail store). In addition, if at anytime, Availability drops below the Minimum Availability then and in that event Borrowers
shall deliver to Agent, within one (1)&nbsp;Business Day, retroactive to the period covered by last financial statement delivered to Agent, exhibits detailing the calculations of all financial
covenants for such period. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9&nbsp;&nbsp;&nbsp;Until
termination of the Financing Agreement and payment and satisfaction of all Obligations hereunder, each of the Borrowers agrees that, without the prior written
consent of the Agent, except as otherwise herein provided, the Borrowers or any one of them will not: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;Mortgage,
assign, pledge, transfer or otherwise permit any lien, charge, security interest, encumbrance or judgment (whether as a result of a purchase money or title
retention transaction, or other security interest, or otherwise) to exist on any of the Borrowers' Collateral or any other assets, whether now owned or hereafter acquired, except for the Permitted
Encumbrances; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that nothing in this subparagraph (a)&nbsp;shall prohibit the
Borrowers from mortgaging, assigning, pledging, transferring or otherwise permitting any lien to exist on any of the Margin Stock; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Incur
or create any Indebtedness other than the Permitted Indebtedness; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Sell,
lease, assign, transfer or otherwise dispose of (i)&nbsp;Collateral, except as otherwise specifically permitted by this Financing Agreement, and provided that
any Borrower may transfer Personal Property Collateral to any other Borrower, or (ii)&nbsp;either all or substantially all of the other assets of the Borrowers taken as a whole, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT
SIZE=2><I>however</I></FONT><FONT SIZE=2>, that the Agent agrees, as to this clause&nbsp;(ii), that it shall not unreasonably
withhold its consent to any such sale, lease, assignment, transfer, or other disposition, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>further</I></FONT><FONT SIZE=2>, that nothing in this subparagraph
(c)&nbsp;shall prohibit the Borrowers from selling, transferring or disposing of the Margin Stock; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>40</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Merge,
consolidate or otherwise alter or modify their respective corporate names, principal places of business, structure, or existence, re-incorporate or
re-organize, or enter into or engage in any operation or activity materially different from that presently being conducted by the Borrowers or any one of them, except that the Borrowers
may (A)&nbsp;change their corporate name or address, or (B)&nbsp;a Borrower may merge with and into any other Borrower (with a Borrower being the survivor of such merger), provided that:
(i)&nbsp;in any such instance under (A)&nbsp;or (B)&nbsp;above the Borrowers shall give the Agent thirty (30)&nbsp;days prior written notice thereof; and (ii)&nbsp;the Borrowers shall
execute and deliver, prior to or simultaneously with any such action, any and all documents and agreements reasonably requested by the Agent to confirm the continuation and preservation of all
security interests and liens granted to the Agent hereunder and provided further that on fifteen (15)&nbsp;days prior notice to the Agent, Parent or any Borrower may, without obtaining the consent
of the Agent or any Lender (x)&nbsp;liquidate or merge any one or more of its Subsidiaries into any Borrower provided a Borrower is the survivor of any such merger, (y)&nbsp;liquidate or merge any
Subsidiary Guarantor into any other Subsidiary Guarantor or into any Borrower, so long as a Subsidiary Guarantor or Borrower is the surviving corporation, and (z)&nbsp;alter or modify its corporate
name or principal place of business other than pursuant to or as contemplated in connection with the Merger; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Assume,
guarantee, endorse, or otherwise become liable upon the obligations of any person, firm, entity or corporation, other than (i)&nbsp;by the endorsement of
negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, (ii)&nbsp;pursuant to obligations in effect on the date hereof, (iii)&nbsp;in
connection with subleases pursuant to which the Borrowers is the sub-lessor, (iv)&nbsp;in connection with the MLTC Documents, (v)&nbsp;home relocation loans to or on behalf of
employees, (vi)&nbsp;in the ordinary course of the Borrowers' business or for purposes deemed reasonable by the Borrowers provided such obligations under this clause&nbsp;(vi) shall not exceed
Sixteen Million Dollars ($16,000,000) in the aggregate at any one time, or (vii)&nbsp;assumptions, guarantees, endorsements, or other incurrences of liability by any Borrower with respect to
obligations (A)&nbsp;of any other Borrower, or (B)&nbsp;of any Subsidiary Guarantor provided such obligations under this clause&nbsp;(vii) (B)&nbsp;shall not exceed Ten Million Dollars
($10,000,000) in the aggregate at any one time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Declare
or pay any dividend or distributions of any kind on, or purchase, acquire, redeem or retire, any of the capital stock or equity interest, of any class
whatsoever, whether now or hereafter outstanding, except (i)&nbsp;that any Subsidiary may declare and pay dividends on its capital stock to any Borrower, and (ii)&nbsp;Parent may declare and pay
dividends on its capital stock, or purchase, acquire, redeem or retire any of its capital stock (A)&nbsp;in cash in an amount not to exceed Sixteen Million Dollars ($16,000,000) in any Fiscal Year, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT
SIZE=2>, Parent may, notwithstanding such dollar limitation, redeem and then sell its capital stock in connection with and on behalf of its employees
and directors in conjunction with such employee's or director's payment of taxes resulting from such employee's or director's stock transaction, </FONT><FONT SIZE=2><I>provided
however</I></FONT><FONT SIZE=2>, that no dividends, stock purchases and redemptions may be declared, made and paid if a Default or Event of Default is then in existence or will be in existence after
giving effect to such dividends, stock purchases or redemptions; and (B)&nbsp;in kind; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Except
as expressly permitted by </FONT><FONT SIZE=2><I>Section&nbsp;7.13</I></FONT><FONT SIZE=2>, make any advance or loan to, or any investment in, any Person,
except for (i)&nbsp;advances, loans or investments in existence on the date of execution of this Financing Agreement; (ii)&nbsp;Permitted Investments; (iii)&nbsp;loans and advances to employees
in the ordinary course of business for travel, entertainment and home relocation; (iv)&nbsp;loans and advances to employees to enable employees to purchase the capital stock of Parent provided such
loans and advances do not exceed Eight Million Dollars ($8,000,000) in the aggregate at any one time, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that such Eight Million Dollars
($8,000,000) limitation shall not be applicable if the cash proceeds of such stock purchases are immediately </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>41</FONT></P>

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<P><FONT SIZE=2>reinvested
by the Parent in the capital stock of the Borrowers or are immediately used to repay Indebtedness of Parent to the other Borrowers; (v)&nbsp;as long as no Event of Default exists or would
result therefrom, advances or loans to, or investments in, joint ventures or Subsidiaries of the Borrowers, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that if such loans or
advances are not being used to acquire, directly or indirectly, assets for the benefit of the Borrowers, such loans,
advances or investments may not exceed Four Million Dollars ($4,000,000) in the aggregate at any one time; (vi)&nbsp;advances or loans between or among the Borrowers; (vii)&nbsp;investments
between or among the Borrowers; and (viii)&nbsp;investments in customers and suppliers in the ordinary course of business which (A)&nbsp;generate Trade Accounts Receivable or (B)&nbsp;are
accepted in settlement of disputes or in a bankruptcy, insolvency or similar proceeding involving such customer or supplier; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Pay
any management, consulting or other similar fees to any person, corporation or other entity affiliated with the Borrowers, except that the Borrowers may pay
management fees to their Affiliates, in the ordinary course of their business and subject to, and in accordance with, the existing management agreement(s) between the Borrowers and Leonard
Green&nbsp;&amp; Partners, provided that (x)&nbsp;the aggregate amount of such fees during any Fiscal Year shall not exceed Six Million Dollars ($6,000,000) and (y)&nbsp;no such fees shall be paid
if a Default or Event of Default is then in existence or would occur after giving effect to any such payment; nor </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Engage
in any transaction involving commodity options, futures contracts or similar transactions, except solely to hedge against fluctuations in the prices of
commodities owned or purchased by it and the values of foreign currencies receivable or payable by it and interest swaps, caps or collars. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10&nbsp;Until
termination of the Financing Agreement and payment and satisfaction in full of all Obligations hereunder, the Borrowers, on a consolidated basis, shall: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;have
at the end of each month set forth below an Interest Coverage Ratio of not less than the ratio set forth below for the applicable period: </FONT></P>
</UL>
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<DIV ALIGN="CENTER"><TABLE WIDTH="63%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="83%" ALIGN="LEFT"><FONT SIZE=1><B>Measurement Period<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=1><B>Interest Coverage Ratio</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="83%"><FONT SIZE=2>Commencing on the Closing Date through and including the first (1<SUP>st</SUP>) Anniversary Date</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>3.0:1.0</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="83%"><FONT SIZE=2><BR>
Commencing on the first day following the first Anniversary Date and at all times thereafter</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
3.5:1.0</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;maintain
at the end of each month a Fixed Charge Coverage Ratio of not less than 1.1:1.0. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;In
connection with the foregoing, for the purposes of testing the covenants set forth in </FONT><FONT SIZE=2><I>Sections 7.10(a) and (b)</I></FONT><FONT SIZE=2>
(collectively, the </FONT><FONT SIZE=2><B>"Financial Covenants"</B></FONT><FONT SIZE=2>), interest and taxes (as each is defined in accordance with GAAP) will only include cash expenditures of each
during the period tested. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Upon
the request of the Borrowers, the Financial Covenants will be modified from time to time after the Closing Date, in Agent's reasonable discretion and on terms
reasonably satisfactory to Borrowers and Agent, to incorporate and accommodate any changes made by the Borrowers' accounting methodology as a result of changes made to capital or operating lease
treatment under GAAP. </FONT></P>

</UL>
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<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Notwithstanding
any other term or provision contained in this Financing Agreement to the contrary, Borrowers shall not have to meet either of the Financial Covenants so
long as Borrowers have the Minimum Availability required hereunder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;In
the event that Borrowers have less than the Minimum Availability as a result of Revolving Loans advanced or Letters of Credit opened by Agent and Lenders at the
request of Borrowers or any one of them, the Financial Covenants will be tested immediately as set forth in </FONT><FONT SIZE=2><I>Section&nbsp;7.10(g)</I></FONT><FONT SIZE=2>. In the event that
Borrowers have less than the Minimum Availability for any other reason, the Financial Covenants shall not be tested unless and until Borrowers' Availability remains below the Minimum Availability for
a period of five (5)&nbsp;consecutive calendar days. Once the Borrowers' Availability rises above the Minimum Availability, the Financial Covenants shall no longer be tested. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;In
the event the Financial Covenants are to be tested pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;7.10(f)</I></FONT><FONT SIZE=2>, the Financial Covenants shall
be calculated as of the end of the calendar month immediately preceding the interim monthly financial statement last delivered to the Agent (e.g. if (a)&nbsp;Borrowers' Availability falls below the
Minimum Availability as a result of an increase in the Availability Reserve on October&nbsp;20<SUP>th</SUP>, (b)&nbsp;the Borrower's Availability remains below the Minimum Availability
threshold until October&nbsp;25<SUP>th</SUP>, and (c)&nbsp;the latest interim financial statements were delivered to the Agent on October&nbsp;15<SUP>th</SUP>, then the covenants would be
tested as of the end of the Fiscal Month of August). </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11&nbsp;The
Borrowers agree to advise the Agent, promptly, in writing of: (a)&nbsp;all quantifiable expenditures (actual or anticipated) in excess of Two Million Dollars
($2,000,000) pertaining to the Real Estate and operations in any Fiscal Year for (i)&nbsp;environmental clean-up, (ii)&nbsp;environmental compliance or (iii)&nbsp;environmental
testing and the impact of said expenses on working capital; and b)&nbsp;any notices the Borrowers receives from any local, state or federal authority advising the Borrowers of any environmental
liability (real or potential) stemming from any of the Borrowers' operations, premises, its waste disposal practices, or waste disposal sites used by the Borrowers and to provide the Agent with copies
of all such notices if so required. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12&nbsp;Each
of the Borrowers hereby agrees to indemnify and hold harmless the Agent, Lenders and their officers, directors, employees, attorneys and agents (each, an
"</FONT><FONT SIZE=2><B>Indemnified Party</B></FONT><FONT SIZE=2>") from, and holds each of them harmless against, any and all losses, liabilities, obligations, claims, actions, damages, costs and
expenses (including attorney's fees) and any payments made by the Agent pursuant to any indemnity provided by the Agent with respect to or to which any Indemnified Party could be subject insofar as
such losses, liabilities, obligations, claims, actions, damages, costs, fees or expenses relate to or arise in connection with the Loan Documents, including without limitation those which may arise
from or relate to: (a)&nbsp;the Blocked Account, the lockbox and/or any other deposit account and/or the agreements executed in connection therewith; and (b)&nbsp;any and all claims or expenses
asserted against the Agent as a result of any environmental pollution, hazardous material or environmental clean-up relating to the Real Estate; or any claim or expense which results from
any of the Borrowers' operations (including, but not limited to, any of the Borrowers' off-site disposal practices) and use of the Real Estate, which the Agent may sustain or incur (other
than solely as a result of the physical actions of the Agent on the Borrowers' premises which are determined to constitute gross negligence or willful misconduct by a court of competent jurisdiction),
all whether through the alleged or actual negligence of such person or otherwise, except and to the extent that the same results primarily from the gross negligence or willful misconduct of such
Indemnified Party as determined by a court of competent jurisdiction. The Borrowers hereby agree that this indemnity shall survive termination of this Financing Agreement, as well as payments of
Obligations which may be due hereunder and that the Agent may, in its reasonable business judgement, establish such reserves with respect thereto as it may deem advisable under the circumstances and,
upon any termination hereof, hold such reserves as cash reserves for any such contingent liabilities. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>43</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13&nbsp;Except
as otherwise specifically permitted in this Financing Agreement, without the prior written consent of the Agent, the Borrowers agree that they will not enter
into any transaction, including, without limitation, any purchase, sale, transfer, lease, loan or exchange of property with any Subsidiary or Affiliate of a Borrower other than:
(i)&nbsp;transactions in the ordinary course of the Borrowers' business and on terms no less favorable than the terms otherwise attainable by the Borrowers from a Person not an Affiliate;
(ii)&nbsp;transactions related to the Acquisition-Related Transactions; (iii)&nbsp;as otherwise permitted in this Financing Agreement; (iv)&nbsp;payment of fees and reimbursement of expenses to
directors for the expenses incurred by such directors for attending the Borrowers' Board of Directors' meetings; (v)&nbsp;all customary compensation arrangements, including employment agreements,
participation in employee benefit plans, severance agreements, indemnification agreements and stock option plans, stock award plans, and bonus plans; (vi)&nbsp;payment to Leonard Green&nbsp;&amp;
Partners of its (a)&nbsp;management and transaction fees and (b)&nbsp;out-of-pocket expenses incurred for the benefit of the Borrowers; (vii)&nbsp;transfers of Personal
Property Collateral between or among the Borrowers; (viii)&nbsp;purchases by the Borrowers of assets leased by the Borrowers under the MLTC Documents</FONT><FONT SIZE=2><B>,</B></FONT><FONT SIZE=2>
(ix)&nbsp;consulting arrangements and/or employment agreements with Alvin Lubetkin, and (xi)&nbsp;real property leases entered into prior to the date hereof with former or current shareholders of
Parent or any of their Family Members or Family Trusts. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.14&nbsp;Each
Borrower shall use its continuous best efforts to obtain as soon as possible after the date of execution hereof landlord waivers in form and substance reasonably
acceptable to the Agent with respect to all (or as many as possible) of the Borrowers' store locations and/or distribution centers or warehouses (provided that the Borrowers shall not be required to
incur additional expense to obtain such waivers (such as payment of waiver fees or increased rent to landlords) other than the Borrowers' own transactional fees and expenses in connection with
seeking, negotiating, and obtaining such waivers, and the transactional fees and expenses of the Agent and its counsel in reviewing and approving them). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.15&nbsp;If,
at any, time Inventory shall be stored in a public warehouse (other than Inventory in warehouses while such Inventory is clearing customs), each Borrower shall use
its continuous best efforts to obtain as soon as possible and deliver, or cause to be delivered, to the Agent for the benefit of the Lenders, from each such public warehouse in which Inventory is
stored, other than Inventory in warehouses while such Inventory is clearing customs, an acknowledgment, in form and substance reasonably satisfactory to the Agent, concerning the Agent's security
interest for the benefit of the Lenders in such Inventory and the original negotiable warehouseman's receipts, if any, duly endorsed by the Borrowers to the order of the Agent for the benefit of the
Lenders provided that Borrowers shall not be required to incur additional expense to obtain such waivers (such as payment of waiver fees or increased rent to landlords) other than the Borrowers' own
transactional fees and expenses in connection with seeking, negotiating, and obtaining such waivers, and the transactional fees and expenses of the Agent and its counsel in reviewing and approving
them. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;Interest, Fees and Expenses.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Interest
on the Revolving Loans (other than LIBOR Loans) shall be payable monthly as of the end of each month and shall be an amount equal to the Chase
Bank Rate per annum plus the Applicable Margin attributable to Chase Bank Rate Loans on the average of the net balances (other than LIBOR Loans) owing by the Borrowers to the Lenders in the Borrowers'
Revolving Loan Account at the close of each day during such month. Interest on the Revolving Loans which are LIBOR Loans shall be payable monthly as of the end of each month and shall be an amount
equal to the sum of the Applicable Margin attributable to LIBOR Loans and the applicable LIBOR on each then outstanding Revolving Loan which is a LIBOR Loan, on a per annum basis, on the average of
the net balances owing by the Borrowers on such LIBOR Loan at the close of each day during such month. The Borrowers may elect to use LIBOR as to any new or then outstanding Revolving Loans subject to
the provisions of </FONT><FONT SIZE=2><I>Section&nbsp;8.13</I></FONT><FONT SIZE=2> hereof. If no such election is timely made or can be made, then the Agent </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>44</FONT></P>

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<P><FONT SIZE=2>shall
use the Chase Bank Rate to compute interest. In the event of any change in said Chase Bank Rate, the rate hereunder shall change correspondingly, as of the first of the month following any
change. All rates hereunder shall be calculated based on a 360-day year. The Agent shall be entitled to charge the Borrowers' Revolving Loan Account at the rate provided for herein when
due until all Obligations have been paid in full. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Notwithstanding
any provision to the contrary contained in this </FONT><FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2>, in the event that the sum of
(i)&nbsp;the outstanding Revolving Loans, and (ii)&nbsp;the Availability Reserve(s) exceed the Borrowing Base: (A)&nbsp;as a result of Revolving Loans advanced by the Agent at the request of the
Borrowers or any one of them (herein "</FONT><FONT SIZE=2><B>Requested Overadvances</B></FONT><FONT SIZE=2>"), for any one (1)&nbsp;or more Business Days in any month, or (B)&nbsp;for any other
reason whatsoever (herein "</FONT><FONT SIZE=2><B>Other Overadvances</B></FONT><FONT SIZE=2>") and such Other Overadvances continue for five (5)&nbsp;or more Business Days in any month, the average
net balance of all Revolving Loans for such period during which an Overadvance is in effect shall bear interest at the Overadvance Rate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Upon
and after the occurrence of an Event of Default and the giving of any required notice by the Agent in accordance with the provisions of </FONT> <FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2>, Paragraph&nbsp;10.2 hereof, all Obligations shall
bear interest at the Default Rate of Interest. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2&nbsp;&nbsp;&nbsp;Intentionally
Omitted. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3&nbsp;&nbsp;&nbsp;In
consideration of the Letter of Credit Guaranty of the Agent, the Borrowers shall pay the Agent, for the benefit of Lenders, the Letter of Credit Guaranty Fee which
shall be an amount equal to one and one quarter percent (1.25%) per annum on the face amount of each outstanding Letter of Credit issued by an Issuing Bank pursuant hereto </FONT> <FONT SIZE=2><I>less</I></FONT><FONT SIZE=2> the amount of any and all
amounts previously drawn under such Letter of Credit, payable monthly. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4&nbsp;&nbsp;&nbsp;Any
and all charges, fees, commissions, costs and expenses charged to the Agent for the Borrowers' account by any Issuing Bank in connection with, or arising out of,
Letters of Credit or out of transactions relating thereto will be charged to the Revolving Loan Account in full when charged to, or paid by the Agent, or as may be due upon any termination of this
Financing Agreement hereof, and when made by any such Issuing Bank shall be conclusive on the Agent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5&nbsp;&nbsp;&nbsp;Each
of the Borrowers shall reimburse or pay the Agent, as the case may be, for: (a)&nbsp;all Out-of-Pocket Expenses and (b)&nbsp;any
applicable Documentation Fee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6&nbsp;&nbsp;&nbsp;Upon
the last Business Day of each month, commencing on August&nbsp;29, 2003, the Borrowers shall pay to the Agent, for the benefit of Lenders, the Unused Line Fee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7&nbsp;&nbsp;&nbsp;Intentionally
Omitted. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8&nbsp;&nbsp;&nbsp;Intentionally
Omitted. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9&nbsp;&nbsp;&nbsp;The
Borrowers shall pay the Agent's standard charges and fees for the Agent's personnel used by the Agent for reviewing the books and records of the Borrowers and for
verifying, testing, protecting, safeguarding, preserving or disposing of all or any part of the Collateral (which fees shall be in addition to but without duplication of any
Out-of-Pocket Expenses) subject to the limits contained herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10&nbsp;Each
of the Borrowers hereby authorizes the Agent to charge their respective Revolving Loan Account(s) with the amount of all their Obligations due under this Financing
Agreement or any Loan Document, including, without limitation, the Fee Letter, as such payments become due. The Borrowers hereby confirm and agree that they shall promptly pay any Obligations to the
Agent upon its request therefor. Each of the Borrowers confirms that (i)&nbsp;its liability for any and all of the fee obligations (including, without limitation, those set forth in </FONT> <FONT SIZE=2><I>Sections 8.3, 8.4, 8.5, 8.6 and
8.9</I></FONT><FONT SIZE=2> as well as the Fee Letter) and Out-of-Pocket Expenses, set forth in this Financing Agreement
and in any of the other </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>45</FONT></P>

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<P><FONT SIZE=2>Loan
Documents is joint and several, (ii)&nbsp;the Borrowers, as between themselves, shall determine how to pro-rate any such payments due hereunder, and (iii)&nbsp;for ease of
administration, the Agent may charge any of their Revolving Loan Accounts with the amount of any such fee payments and any such charges which the Agent may so make to any of the Borrowers' Revolving
Loan Account(s) as herein provided will be made as an accommodation to the Borrowers and solely at the Agent's discretion. In the unlikely event the Agent is unable or unwilling to charge any such
Obligation to the Revolving Loan Account(s), then the Agent shall so notify the Borrowers in writing and the amount so requested shall be due and payable thirty (30)&nbsp;days after such demand. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.11&nbsp;In
the event that the Agent, any Lender, or any Participant hereunder (or any financial institution which may from time to time become a Participant or lender
hereunder) shall have determined in the exercise of its reasonable business judgement that, subsequent to the Closing Date, any change in applicable law, rule, regulation or guideline regarding
capital adequacy, or any change in the interpretation or administration thereof, or compliance by the Agent, such Lender, or such Participant with any new request or directive regarding capital
adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on the Agent's, such Lender's,
or such Participant's capital as a consequence of its obligations hereunder to a level below that which the Agent, such Lender, or such Participant could have achieved but for such adoption, change or
compliance (taking into consideration the Agent, such Lender, or such Participant's policies with respect to capital adequacy) by an amount reasonably deemed by the Agent, such Lender, or such
Participant to be material, then, from time to time, the Borrowers shall pay no later than five (5)&nbsp;days following demand to the Agent, such Lender, or such Participant such additional amount
or amounts as will compensate the Agent's, such Lender's, or such Participant's for such reduction. In determining such amount or amounts, the Agent, such Lender, or such Participant may use any
reasonable averaging or attribution methods. The protection of this </FONT><FONT SIZE=2><I>Section&nbsp;8.11</I></FONT><FONT SIZE=2> shall be available to the Agent, such Lender, or such
Participant regardless of any possible contention of invalidity or inapplicability with respect to the applicable law, regulation or condition. A certificate of the Agent, such Lender, or such
Participant setting forth such amount or amounts as shall be necessary to compensate the Agent, such Lender, or such Participant with respect to this </FONT> <FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2> and the calculation thereof when
delivered to the Borrowers shall be conclusive on the Borrowers absent manifest error. Notwithstanding
anything in this paragraph to the contrary, in the event the Agent, such Lender, or such Participant has exercised its rights pursuant to this paragraph, and subsequent thereto determines that the
additional amounts paid by the Borrowers in whole or in part exceed the amount which the Agent, such Lender, or such Participant actually required to be made whole, the excess, if any, shall be
returned to the Borrowers by the Agent, such Lender, or such Participant, as applicable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.12&nbsp;In
the event that, after the Closing Date, any applicable law, treaty or governmental regulation, or any change therein or in the interpretation or application thereof,
or compliance by the Agent, such Lender, or such Participant with any request or directive (whether or not having the force of law) from any central bank or other financial, monetary or other
authority, shall: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;subject
the Agent, such Lender, or such Participant to any tax of any kind whatsoever with respect to this Financing Agreement or change the basis of taxation of
payments to the Agent, such Lender, or such Participant of principal, fees, interest or any other amount payable hereunder or under any other documents (except for changes in the rate of tax on the
overall net income of the Agent, such Lender, or such Participant by the federal government or the jurisdiction in which it maintains its principal office); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;impose,
modify or hold applicable any reserve, special deposit, assessment or similar requirement against assets held by, or deposits in or for the account of, advances
or loans by, or other credit extended by the Agent, such Lender, or such Participant by reason of or in respect to </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>46</FONT></P>

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<UL>
<BR>

<P><FONT SIZE=2>this
Financing Agreement and the Loan Documents, including (without limitation) pursuant to Regulation&nbsp;D of the Board of Governors of the Federal Reserve System; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;impose
on the Agent, such Lender, or such Participant any other condition with respect to this Financing Agreement or any other document, and the result of any of the
foregoing is to increase the cost to the Agent, such Lender, or such Participant of making, renewing or maintaining its loans hereunder by an amount that the Agent, such Lender, or such Participant
deems to be material in the exercise of its reasonable business judgement or to reduce the amount of any payment (whether of principal, interest or otherwise) in respect of any of the loans by an
amount that the Agent, such Lender, or such Participant deems to be material in the exercise of its reasonable business judgement, then, in any case the Borrowers shall pay the Agent, such Lender, or
such Participant, within five (5)&nbsp;Business Days following its demand, such additional cost or such reduction, as the case may be. The Agent, such Lender, or such Participant shall certify the
amount of such additional cost or reduced amount to the Borrowers and the calculation thereof and such certification shall be conclusive upon the Borrowers absent manifest error. Notwithstanding
anything in this paragraph to the contrary, in the event the Agent, such Lender, or such Participant has exercised its rights pursuant to this paragraph, and subsequent thereto determine that the
additional amounts paid by the Borrowers in whole or in part exceed the amount which the Agent, such Lender, or such Participant actually required pursuant hereto, the excess, if any, shall be
returned to the Borrowers by the Agent, such Lender, or such Participant. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.13&nbsp;The
Borrowers may request LIBOR Loans on the following terms and conditions: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
Borrowers may elect, subsequent to the Closing Date and from time to time thereafter (i)&nbsp;to request any loan made hereunder to be a LIBOR Loan as of the date
of such loan or (ii)&nbsp;to convert Chase Bank Rate Loans to LIBOR Loans, and may elect from time to time to convert LIBOR Loans to Chase Bank Rate Loans by giving the Agent at least three
(3)&nbsp;Business Days' prior irrevocable notice of such election, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that any such conversion of LIBOR Loans to Chase Bank Rate Loans shall
only be made, subject to the second following sentence, on the last day of an LIBOR Period with respect thereto. Should the Borrowers elect to convert Chase Bank Rate Loans to LIBOR Loans, it shall
give the Agent at least three (3)&nbsp;Business Days' prior irrevocable notice of such election. If the last day of an LIBOR Period with respect to a loan that is to be converted is not a Business
Day or Working Day, then such conversion shall be made on the next succeeding Business Day or Working Day, as the case may be, and during the period from such last day of an LIBOR Period to such
succeeding Business Day, as the case may be, such loan shall bear interest as if it were an Chase Bank Rate Loan. All or any part of outstanding Chase Bank Rate Loans then outstanding with respect to
Revolving Loans, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that partial conversions shall be in multiples in an aggregate principal amount of One Million Dollars ($1,000,000) or more. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Any
LIBOR Loans may be continued as such upon the expiration of an LIBOR Period, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> the Borrowers so notify the
Agent, at least three (3)&nbsp;Business Days' prior to the expiration of said LIBOR Period, and </FONT><FONT SIZE=2><I>provided further</I></FONT><FONT SIZE=2> that no LIBOR Loan may be continued
as such upon the occurrence of any Default or Event of Default under this Financing Agreement, but shall be automatically converted to a Chase Bank Rate Loan on the last day of the LIBOR Period during
which occurred such Default or Event of Default. Absent such notification, LIBOR Rate Loans shall convert to Chase Bank Rate Loans on the last day of the applicable LIBOR Period. Each notice of
election, conversion or continuation furnished by the Borrowers pursuant hereto shall specify whether such election, conversion or continuation is for a one, two, three, or six month period.
Notwithstanding anything to the contrary contained herein, the Agent (or any Participant, if applicable) shall not be required to purchase United States Dollar deposits in the London interbank market
or from any other applicable LIBOR Rate market or source or otherwise "match fund" to fund LIBOR Rate Loans, but any and all provisions hereof relating to </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>47</FONT></P>

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<UL>

<P><FONT SIZE=2>LIBOR
Rate Loans shall be deemed to apply as if the Agent (and any Participant, if applicable) had purchased such deposits to fund any LIBOR Rate Loans. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
Borrowers may request a LIBOR Loan, convert any Chase Bank Rate Loan or continue any LIBOR Loan provided there is then no Default or Event of Default in effect. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.14&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;If
all or a portion of the outstanding principal amount of the Obligations shall not be paid when due (whether at the stated maturity, by acceleration
or otherwise), such outstanding amount, to the extent it is a LIBOR Loan, shall be converted to a Chase Bank Rate Loan at the end of the then applicable LIBOR Period therefor. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Borrowers may not have more than ten (10)&nbsp;LIBOR Loans outstanding at any given time. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.15&nbsp;The
Agent shall, at the request of the Borrowers, deliver to the Borrowers a statement showing the quotations given by JPMorgan Chase Bank and the computations used in
determining any interest rate pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;8.14</I></FONT><FONT SIZE=2> hereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.16&nbsp;As
further set forth in </FONT><FONT SIZE=2><I>Section&nbsp;8.12</I></FONT><FONT SIZE=2> above, in the event that the Agent or any Lender (or any financial
institution which may become a Participant hereunder) shall have determined in the exercise of its reasonable business judgement (which determination shall be conclusive and binding upon the
Borrowers) that by reason of circumstances affecting the interbank LIBOR market, adequate and reasonable means do not exist for ascertaining LIBOR applicable for any LIBOR Period with respect to;
(a)&nbsp;a proposed loan that the Borrowers have requested be made as a LIBOR Loan; (b)&nbsp;a LIBOR Loan that will result from the requested conversion of a Chase Bank Rate Loan into a LIBOR
Loan; or (c)&nbsp;the continuation of LIBOR Loans beyond the expiration of the then current LIBOR Period with respect thereto, the Agent shall forthwith give written notice of such determination to
the Borrowers at least one day prior to, as the case may be, the requested borrowing date for such LIBOR Loan, the conversion date of such Chase Bank Rate Loan or the last day of such LIBOR Period. If
such notice is given (i)&nbsp;any requested LIBOR Loan shall be made as a Chase Bank Rate Loan, (ii)&nbsp;any Chase Bank Rate Loan that was to have been converted to a LIBOR Loan shall be
continued as a Chase Bank Rate Loan, and (iii)&nbsp;any outstanding LIBOR Loan shall be converted, on the last day of then current LIBOR Period with respect thereto, to a Chase Bank Rate Loan. Until
such notice has been withdrawn by the Agent, no further LIBOR Loan shall be made nor shall the Borrowers have the right to convert a Chase Bank Rate Loan to a LIBOR Loan. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.17&nbsp;If
any payment on a LIBOR Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day
unless the result of such extension would be to extend such payment into another calendar month in which event such payment shall be made on the immediately preceding Business Day. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.18&nbsp;Notwithstanding
any other provisions herein, if any law, regulation, treaty or directive or any change therein or in the interpretation or application thereof, shall
make it unlawful for the Agent or any Lender to make or maintain LIBOR Loans as contemplated herein, the then outstanding LIBOR Loans, if any, shall be converted automatically to Chase Bank Rate Loans
as of the end of such month or within such earlier period as required by law. The Borrowers hereby agree promptly to pay the Agent or any Lender, upon demand, any additional amounts necessary to
compensate the Agent or any Lender for any costs incurred by the Agent or any Lender in making any conversion in accordance with this </FONT><FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2>
including, but not limited to, any interest or fees payable by the Agent or any Lender to lenders of funds obtained by the Agent or any Lender in order to make or maintain LIBOR Loans hereunder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.19&nbsp;The
Borrowers agree to indemnify and to hold the Agent and the Lenders (including any Participant) harmless from any loss or expense which the Agent, such Lender or
such Participant may sustain or incur as a consequence of: (a)&nbsp;Default by the Borrowers in payment of the principal amount </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>48</FONT></P>

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<P><FONT SIZE=2>of
or interest on any LIBOR Loans, as and when the same shall be due and payable in accordance with the terms of this Financing Agreement, including, but not limited to, any such loss or expense
arising from interest or fees payable by the Agent, such Lender or such Participant to lenders of funds obtained by either of them in order to maintain the LIBOR Loans hereunder; (b)&nbsp;default by
the Borrowers in making a borrowing or conversion after the Borrowers have given a notice in accordance with </FONT><FONT SIZE=2><I>Section&nbsp;8.13</I></FONT><FONT SIZE=2> hereof; (c)&nbsp;any
prepayment of LIBOR Loans on a day which is not the last day of the LIBOR Period applicable thereto, including, without limitation, prepayments arising as a result of the application of the proceeds
of Collateral to the Revolving Loans; and (d)&nbsp;default by the Borrowers in making any prepayment after the Borrowers have given notice to the Agent thereof. The determination by the Agent of the
amount of any such loss or expense, when set forth in a written notice to the Borrowers, containing the Agent's calculations thereof in reasonable detail, shall be conclusive on the Borrowers in the
absence of manifest error. Calculation of all amounts payable under this paragraph with regard to LIBOR Loans shall be made as though the Agent had actually funded the LIBOR Loans through the purchase
of deposits in the relevant market and currency, as the case may be, bearing interest at the rate applicable to such LIBOR Loans in an amount equal to the amount of the LIBOR Loans and having a
maturity comparable to the relevant LIBOR Period; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that the Agent may fund each of the
LIBOR Loans in any manner the Agent sees fit and the foregoing assumption shall be used only for calculation of amounts payable under this paragraph. In addition, notwithstanding anything to the
contrary contained herein, the Agent shall apply all proceeds of Collateral and all other amounts received by it from or on behalf of the Borrowers (i)&nbsp;initially to the Chase Bank Rate Loans
and (ii)&nbsp;subsequently to LIBOR Loans; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, (x)&nbsp;upon the occurrence of an
Event of Default or (y)&nbsp;in the event the aggregate amount of outstanding LIBOR Rate Loans exceeds the lesser of (I)&nbsp;the Line of Credit or (II)&nbsp;(a)&nbsp;the Borrowing Base </FONT> <FONT SIZE=2><I>less</I></FONT><FONT SIZE=2>
(b)&nbsp;the Availability Reserve(s) or the applicable maximum levels set forth therefor, the Agent may apply all such amounts received by it to
the payment of Obligations in such manner and in such order as the Agent may elect in its reasonable business judgment. In the event that any such amounts are applied to Revolving Loans which are
LIBOR Loans, such application shall be treated as a prepayment of such loans and the Agent shall be entitled to indemnification hereunder. This covenant shall survive termination of this Financing
Agreement and payment of the outstanding Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.20&nbsp;Notwithstanding
anything to the contrary in this Agreement, in the event that, by reason of any Regulatory Change (for purposes hereof
"</FONT><FONT SIZE=2><B>Regulatory Change</B></FONT><FONT SIZE=2>" shall mean, with respect to the Agent or any Lender, any change after the date of this Financing Agreement in United States federal,
state or foreign law or regulations (including, without limitation, Regulation&nbsp;D) or the adoption or making after such date of any interpretation, directive or request applying to a class of
banks including the Agent or any Lender of or under any United States federal, state or foreign law or regulations (whether or not having the force of law and whether or not failure to comply
therewith would be unlawful), the Agent or any Lender either (a)&nbsp;incurs any material additional costs based on or measured by the excess above a specified level of the amount of a category of
deposits or other liabilities of such bank which includes deposits by reference to which the interest rate on LIBOR Loans is determined as provided in this Financing Agreement or a category of
extensions of credit or other assets of the Agent or any Lender which includes LIBOR Loans, or (b)&nbsp;becomes subject to any material restrictions on the amount of such a category of liabilities
or assets which it may hold, then, if the Agent or any Lender so elects by notice to the Borrowers, the obligation of the Agent or such Lender to make or continue, or to convert Chase Bank Rate Loans
into LIBOR Loans hereunder shall be suspended until such Regulatory Change ceases to be in effect. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.21&nbsp;For
purposes of this Financing Agreement and </FONT><FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2> thereof, any reference to the Agent and/or Lenders shall
include any financial institution which may become a Participant or co-lender subsequent to the Closing Date. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>49</FONT></P>

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<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;Powers.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1&nbsp;&nbsp;&nbsp;Subject
to </FONT><FONT SIZE=2><I>Section&nbsp;9.2</I></FONT><FONT SIZE=2>, each Borrower hereby constitutes the Agent on behalf of the Lenders, or any person or
agent the Agent may reasonably designate, as its attorney-in-fact, at the Borrowers' cost and expense, to exercise all of the following powers, which being coupled with an
interest, shall be irrevocable until all Obligations to the Agent and Lenders have been satisfied and this Financing Agreement terminated: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;To
receive, take, endorse, sign, assign and deliver, all in the name of the Agent or the Borrowers or any one of them, any and all checks, notes, drafts, and other
documents or instruments relating to the Collateral for (i)&nbsp;deposit to a Blocked Account (consistent with the terms of </FONT><FONT SIZE=2><I>Section&nbsp;3.4</I></FONT><FONT SIZE=2> of this
Financing Agreement) or (ii)&nbsp;after the acceleration by the Agent of the Obligations for application to satisfaction of the Obligations consistent with the terms of </FONT> <FONT SIZE=2><I>Section&nbsp;10.3</I></FONT><FONT SIZE=2> hereof;
</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;To
receive, open and dispose of all mail addressed to the Borrowers or any one of them and to notify postal authorities to change the address for delivery thereof to
such address as the Agent may designate; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;To
request, not more frequently than four (4)&nbsp;times a Fiscal Year so long as there is no Event of Default, and as frequently as deemed necessary by Agent in its
discretion following an Event of Default, from customers indebted on Trade Accounts Receivable, in the name of the Borrowers or the Agent's designee, information concerning the amounts owing on the
Trade Accounts Receivable; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that such request may be made only if the then aggregate
balance of the outstanding Trade Accounts Receivable is in excess of Two Million Five Hundred Thousand Dollars ($2,500,000); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;To
transmit to customers indebted on Trade Accounts Receivable notice of the Agent's interest therein and to notify customers indebted on Trade Accounts Receivable to
make payment directly to the Agent for the Borrowers' account; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;To
take or bring, in the name of the Agent or the Borrowers, all steps, actions, suits or proceedings reasonably deemed by the Agent necessary or desirable to enforce or
effect collection of the Accounts. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2&nbsp;&nbsp;&nbsp;Notwithstanding
anything hereinabove contained to the contrary, the powers set forth in </FONT><FONT SIZE=2><I>Sections 9.1(a), (d), and (e),</I></FONT><FONT SIZE=2>
above may only be exercised after the occurrence of an Event of Default and until such time as such Event of Default is waived in writing by the Agent or otherwise cured. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;Events of Default and Remedies</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1&nbsp;Notwithstanding
anything hereinabove to the contrary, the Agent may terminate this Financing Agreement immediately upon the occurrence of any of the following Events of
Default (herein "</FONT><FONT SIZE=2><B>Events of Default</B></FONT><FONT SIZE=2>"): </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;cessation
of the business of any Borrower (other than via a merger, dissolution or other action permitted hereunder) or the calling of a meeting of the creditors of any
Borrower for purposes of compromising the debts and obligations of such Borrowers; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;admission
in writing of the failure of any Borrower to generally pay its debts as they mature; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;(i)&nbsp;the
commencement by any Borrowers of any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceedings under any federal or state
law; (ii)&nbsp;the commencement against any Borrowers, of any bankruptcy, insolvency, arrangement, reorganization, receivership or similar proceeding under any federal or state law by creditors of
such Borrowers, which proceeding shall not have been controverted within thirty (30)&nbsp;days or shall not have been </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>50</FONT></P>

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<UL>
<BR>

<P><FONT SIZE=2>dismissed
and vacated within sixty (60)&nbsp;days of commencement, or any of the actions sought in any such proceeding shall occur or the Borrowers shall take action to authorize or effect any of
the actions in any such proceeding; or (iii)&nbsp;the commencement (x)&nbsp;by any Material Subsidiary or any Borrower of any bankruptcy, insolvency, arrangement, reorganization, receivership or
similar proceeding under any applicable state law, or (y)&nbsp;against any Material Subsidiary or any Borrower, of any involuntary bankruptcy, insolvency, arrangement, reorganization, receivership
or similar proceeding under applicable law, which proceeding shall not have been controverted within thirty (30)&nbsp;days and shall not have been dismissed or vacated within sixty (60)&nbsp;days
of commencement, or any of the actions sought in any such proceeding shall occur or any such Material Subsidiary shall take action to authorize or effect any of the actions in any such proceeding; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;material
breach by any Borrowers of any warranty, representation or covenant of: (i)&nbsp;the first sentence of </FONT> <FONT SIZE=2><I>Section&nbsp;3.3</I></FONT><FONT SIZE=2>; (ii)&nbsp;</FONT><FONT SIZE=2><I>Section&nbsp;3.4</I></FONT><FONT SIZE=2>;
(iii)&nbsp;</FONT><FONT SIZE=2><I>Section&nbsp;6.3(a)</I></FONT><FONT SIZE=2>; (iv)&nbsp;</FONT><FONT SIZE=2><I>Section&nbsp;7.5</I></FONT><FONT SIZE=2> (only as it relates to insurance on
the Inventory); (v)&nbsp;</FONT><FONT SIZE=2><I>Section&nbsp;7.9</I></FONT><FONT SIZE=2>; and (vi)&nbsp;</FONT><FONT SIZE=2><I>Section&nbsp;7.10(a)</I></FONT><FONT SIZE=2> or </FONT> <FONT SIZE=2><I>(b)</I></FONT><FONT SIZE=2>; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;breach
by the Borrowers of any other term or provision of this Financing Agreement (other than the type described in clause&nbsp;(f) immediately below) or any other
Loan Document, or the acceleration of amounts in excess of Fifteen Million Dollars ($15,000,000) owing under any other contract(s) to which a Borrower is a party, provided that such Default by the
Borrowers shall not be deemed to be an Event of Default unless and until such Default shall remain unwaived or unremedied for a period of thirty (30)&nbsp;days from the date of such Default; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;except
as otherwise provided in the last sentence of </FONT><FONT SIZE=2><I>Section&nbsp;8.10</I></FONT><FONT SIZE=2>, failure of the Borrowers or any one of them to
pay any principal when due, or any interest, fees or other Obligations within ten (10)&nbsp;Business Days of the due date thereof; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;the
Borrowers or any one of them shall (i)&nbsp;engage in any non-exempt "prohibited transaction" as defined in Section&nbsp;406 of ERISA,
(ii)&nbsp;have any "accumulated funding deficiency" as defined in ERISA, (iii)&nbsp;have any "reportable event" as defined in Section&nbsp;4043(c) of ERISA (other than a reportable event not
subject to the provision for 30-day notice to the PBGC under the regulations issued under Section&nbsp;4043 of ERISA), (iv)&nbsp;terminate any employee benefit plan subject to
Part&nbsp;3 of Subtitle B of Title I of ERISA or (v)&nbsp;be engaged in any proceeding in which the Pension Benefit Guaranty Corporation shall seek appointment, or is appointed, as trustee or
administrator of any "plan", as defined in ERISA, and with respect to this sub-paragraph&nbsp;(g) such event or condition (x)&nbsp;remains uncured for a period of thirty
(30)&nbsp;days from date of occurrence and (y)&nbsp;could,
in the reasonable opinion of the Agent, subject any of the Borrowers to any tax, penalty or other liability material to the business, operations or financial condition of any such Borrowers; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;the
failure of the Borrowers to deliver any post closing items, if any, as otherwise agreed in writing as set forth in the last paragraph of </FONT> <FONT SIZE=2><I>Section&nbsp;2.1</I></FONT><FONT SIZE=2>, pursuant to the terms and conditions of such
writing. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2&nbsp;Upon
the occurrence of an Event of Default, the Agent in its sole discretion may, or upon the written direction of the Required Lenders, the Agent shall, declare that:
(i)&nbsp;all Obligations shall upon notice (</FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that no such notice is required if the
Event of Default is the Event of Default listed in </FONT><FONT SIZE=2><I>Section&nbsp;10.1(c)</I></FONT><FONT SIZE=2>) become immediately due and payable; (ii)&nbsp;the Agent may charge the
Borrowers the Default Rate of Interest on all then outstanding or thereafter incurred Obligations in lieu of the interest provided for in </FONT> <FONT SIZE=2><I>Section&nbsp;8.1</I></FONT><FONT SIZE=2> of this Financing Agreement provided
a)&nbsp;the Agent has given the Borrowers written notice of the Event of Default, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that no notice is required if the Event of Default is
the Event of Default listed in
paragraph&nbsp;(c) of </FONT><FONT SIZE=2><I>Section&nbsp;10.1</I></FONT><FONT SIZE=2> and b)&nbsp;the Borrowers have failed to cure the Event of Default within fifteen (15)&nbsp;days after
x)&nbsp;the Agent deposited such notice in the United States mail or has otherwise notified the Parent in writing by personal or private delivery, facsimile or electronic transmission, or
y)&nbsp;the occurrence of the Event of </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>51</FONT></P>

<HR NOSHADE>
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<P><FONT SIZE=2>Default
listed in </FONT><FONT SIZE=2><I>Section&nbsp;10.1(c)</I></FONT><FONT SIZE=2>; (iii)&nbsp;the Agent may immediately terminate this Financing Agreement upon notice to the Borrowers, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>,
</FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that no notice of termination is required if the Event of Default is the Event of
Default listed in </FONT><FONT SIZE=2><I>Section&nbsp;10.1(c)</I></FONT><FONT SIZE=2>; and (iv)&nbsp;all loans, advances and extensions of credit provided for in this Financing Agreement shall be
immediately due and payable and the obligation of the Agent and/or the Lenders to make Revolving Loans, open Letters of Credit and provide Letters of Credit Guaranties shall cease unless and until
such Default or Event of Default is waived in writing by the Required Lenders or cured to the Agent's or the Required Lenders' satisfaction in the exercise of the Agent's and the Required Lenders'
reasonable judgement. Notwithstanding anything herein contained to the contrary, if the Required Lenders (or all Lenders to the extent required in </FONT> <FONT SIZE=2><I>Section&nbsp;14.10</I></FONT><FONT SIZE=2>) waive all Events of Default, then
by written notice to the Borrowers, the acceleration of the Obligations will be rescinded and
all remedies and actions then being exercised by the Agent shall cease. The exercise of any remedy is not exclusive of any other remedy which may be exercised at any time by the Agent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3&nbsp;Immediately
upon the occurrence of any Event of Default, the Agent may, to the extent permitted by law: </FONT><FONT SIZE=2><B>(a)</B></FONT><FONT SIZE=2> remove from
any premises where same may be located any and all books and records, computers, electronic media and software programs associated with any Collateral (including any electronic records, contracts and
signatures pertaining thereto), documents, instruments, files and records, and any receptacles or cabinets containing same, relating to the Accounts, or the Agent may use, at the Borrowers' expense,
such of the Borrowers' personnel, supplies or space at the Borrowers' places of business or otherwise, as may be necessary to properly administer and control the Accounts or the handling of
collections and realizations thereon; </FONT><FONT SIZE=2><B>(b)</B></FONT><FONT SIZE=2> bring suit, in the name of the Borrowers or the Agent, and generally shall have all other rights respecting
said Accounts, including without limitation the right to: accelerate or extend the time of payment, settle, compromise, release in whole or in part any amounts owing on any Accounts and issue credits
in the name of the Borrowers or the Agent; </FONT><FONT SIZE=2><B>(c)</B></FONT><FONT SIZE=2> sell, assign and deliver the Collateral and any returned, reclaimed or repossessed Inventory, with or
without advertisement, at public or private sale, for cash, on credit or otherwise, at the Agent's sole option and discretion, and the Agent may bid or become a purchaser at any such sale, free from
any right of redemption, which right is hereby expressly waived by the Borrowers; </FONT><FONT SIZE=2><B>(d)</B></FONT><FONT SIZE=2> foreclose the security interests in the Collateral created herein
or by the Loan Documents by any available judicial procedure, or to take possession of any or all of the Collateral, including any Inventory, Equipment and/or Other Collateral without judicial
process, and to enter any premises where any Inventory and Equipment and/or Other Collateral may be located for the purpose of taking possession of or removing the same; and </FONT> <FONT SIZE=2><B>(e)</B></FONT><FONT SIZE=2> exercise any other
rights and remedies provided in law, in equity, by contract or otherwise. Subject to applicable law, the Agent shall have the
right, without notice or advertisement, to sell, lease, or otherwise dispose of all or any part of the Collateral, whether in its then condition or after further preparation or processing, in the name
of the Borrowers or the Agent, or in the name of such other party as the Agent may designate, either at public or private sale or at any broker's board, in lots or in bulk, for cash or for credit,
with or without warranties or representations (including but not limited to warranties of title, possession, quiet enjoyment and the like), and upon such other terms and conditions as the Agent in its
discretion (exercised in good faith) may deem advisable, and the Agent shall have the right to purchase at any such sale. If any Inventory and Equipment shall require rebuilding, repairing,
maintenance or preparation, the Agent shall have the right, at its option, to do such of the aforesaid as is necessary, for the purpose of putting the Inventory and Equipment in such saleable form as
the Agent shall deem appropriate and any such costs shall be deemed an Obligation hereunder. Any action taken by Agent pursuant to this paragraph shall not effect commercial reasonableness of the
sale. The Borrowers agree, at the request of the Agent, to assemble the Inventory and Equipment and to make it available to the Agent at premises of the Borrowers or elsewhere and to make available to
the Agent the premises and facilities of the Borrowers for the purpose of the Agent's taking possession of, removing or putting the Inventory and Equipment in saleable form. If notice of intended
disposition of any Collateral is required by law, it is agreed that ten </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>52</FONT></P>

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<BR>

<P><FONT SIZE=2>(10)&nbsp;days
notice shall constitute reasonable notification and full compliance with the law. The net cash proceeds resulting from the Agent's exercise of any of the foregoing rights (after
deducting all charges, costs and expenses, including attorneys' fees) shall be applied by the Agent to the payment of the Obligations, whether due or to become due, in such order as the Agent may
elect, and the Borrowers shall remain liable to the Agent for any deficiencies, and the Agent in turn agrees to remit to the Borrowers or their successors or assigns, any surplus resulting therefrom.
The enumeration of the foregoing rights is not intended to be exhaustive and the exercise of any right shall not preclude the exercise of any other rights, all of which shall be cumulative. The
Borrowers hereby indemnify the Agent and hold the Agent harmless from any and all costs, expenses, claims, liabilities, Out-of-Pocket Expenses or otherwise, incurred or imposed
on the Agent by reason of the exercise of any of its rights, remedies and interests hereunder, including, without
limitation, from any sale or transfer of Collateral, preserving, maintaining or securing the Collateral, defending its interests in Collateral (including pursuant to any claims brought by the
Borrowers, the Borrowers as debtors-in-possession, any secured or unsecured creditors of the Borrowers, any trustee or receiver in bankruptcy, or otherwise), and the Borrowers
hereby agree to so indemnify and hold the Agent harmless, absent the Agent's gross negligence or willful misconduct as finally determined by a court of competent jurisdiction. The foregoing
indemnification shall survive termination of this Financing Agreement until such time as all Obligations (including the foregoing) have been finally and indefeasibly paid in full. In furtherance
thereof the Agent, may establish such reserves for Obligations hereunder (including any contingent Obligations) as it may deem advisable in its reasonable business judgement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4&nbsp;The
Agent has no obligation to clean-up or otherwise prepare the Personal Property Collateral for sale. The Agent has no obligation to attempt to satisfy
the Obligations by collecting them from any other person liable for them and the Agent may release, modify or waive any Personal Property Collateral provided by any other person to secure any of the
Obligations, all without affecting the Agent's rights against the Borrowers. The Borrowers waive any right each of them may have to require the Agent or any Lender to pursue any third person for any
of the Obligations. The Agent may comply with any applicable state or federal law requirements in connection with a disposition of the Personal Property Collateral and compliance will not be
considered adversely to affect the commercial reasonableness of any sale of the Personal Property Collateral. The Agent may sell the Personal Property Collateral without giving any warranties as to
the Personal Property Collateral. The Agent may specifically disclaim any warranties of title or the like. This procedure will not be considered adversely to affect the commercial reasonableness of
any sale of the Personal Property Collateral. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;Termination.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise permitted herein, the Agent may, and shall at the direction of the Required Lenders, terminate this Financing Agreement and the Line of Credit only as of the fourth
(4<SUP>th</SUP>) or any subsequent Anniversary Date and then only by giving the Borrowers at least sixty (60)&nbsp;days prior written notice of termination. Notwithstanding the foregoing, the
Agent may terminate the Financing Agreement immediately upon the occurrence of an Event of Default upon notice to the Borrowers, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that if
the Event of Default is an event listed in </FONT><FONT SIZE=2><I>Section&nbsp;10.1(c)</I></FONT><FONT SIZE=2> of this Financing
Agreement, the Agent may, and shall at the direction of the Required Lenders, regard the Financing Agreement as terminated and notice to that effect is not required. This Financing Agreement, unless
terminated as herein provided, shall have an initial term of four (4)&nbsp;years from the date hereof and shall automatically continue from Anniversary Date to Anniversary Date thereafter. The
Borrowers may, at any time, terminate this Financing Agreement and the Line of Credit, upon at least sixty (60)&nbsp;days' prior written notice to the Agent, by paying to Agent for the benefit of
the Lenders, in cash, the Obligations, in full, together with the Early Termination Fee, if any. The Agent and the Lenders hereby waive any Early Termination Fee that would otherwise be due and
payable hereunder if the prepayment is the result of a refinancing of the Obligations arranged or provided by Agent. All Obligations shall become due and payable as of any termination hereunder or
under </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> hereof. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>53</FONT></P>

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<BR>

<P><FONT SIZE=2>All
of the Agent's rights, liens and security interests shall continue after any termination until all Obligations have been satisfied in full. Pending payment in full of all Obligations, the Agent
may withhold any credit balances in the loan account (unless supplied with an indemnity satisfactory to the Agent) to cover all of the Obligations, whether absolute or contingent, </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT
SIZE=2><I>however</I></FONT><FONT SIZE=2>, that if the remaining unpaid Obligations arise solely out of the outstanding amounts
of Letters of Credit, the Agent will, at the Borrowers' request, retain, solely as collateral, credit balances in an amount equal to one hundred and ten percent (110%) of the then outstanding amounts
of Letters of Credit. When the outstanding amount of Letters of Credit have been so secured by cash in an amount equal to one hundred and ten percent (110%) of the then outstanding amounts of Letters
of Credit pursuant to a fully executed agreement between the Agent and the Borrowers and pursuant to which the Borrowers agree to reimburse the Agent for any Letter of Credit claims that exceed the
cash collateral, then for all purposes of this Financing Agreement, this Financing Agreement shall be treated by the parties thereto as terminated and all other Collateral will be released and any
residual amounts held by the Agent shall be returned to the Borrowers. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1&nbsp;Except
as otherwise expressly provided, the Borrowers hereby waive diligence, notice of intent to accelerate, notice of acceleration, demand, presentment and protest
and any notices thereof as well as notice of nonpayment. No delay or omission of the Agent or the Borrowers to exercise any right or remedy hereunder, whether before or after the happening of any
Event of Default, shall impair any such right or shall operate as a waiver thereof or as a waiver of any such Event of Default. No single or partial exercise by the Agent of any right or remedy
precludes any other or further exercise thereof, or precludes any other right or remedy. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2&nbsp;This
Financing Agreement together with the Exhibits and Schedules attached hereto and the Loan Documents executed and delivered in connection therewith constitute the
entire agreement between the Borrowers and the Agent; supersede any prior agreements; can be changed only by a writing signed by both the Borrowers and the Agent; and shall bind and benefit the
Borrowers and the Agent and their respective successors and assigns. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>54</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_li2148_1_55"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3&nbsp;In no event shall the Borrowers, upon demand by the Agent for payment of any Indebtedness relating hereto, by acceleration of the maturity thereof, or otherwise, be
obligated to pay interest and fees in excess of the amount permitted by law. Regardless of any provision herein or in any agreement made in connection herewith, the Agent shall never be entitled to
receive, charge or apply, as interest on any indebtedness relating hereto, any amount in excess of the maximum amount of interest permissible under applicable law. If the Agent ever receives, collects
or applies any such excess, it shall be deemed a partial repayment of principal and treated as such; and if principal is paid in full, any remaining excess shall be refunded to the Borrowers. This
paragraph shall control every other provision hereof, the Loan Documents and of any other agreement made in connection herewith. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4&nbsp;If
any provision hereof or of any other agreement made in connection herewith is held to be illegal or unenforceable, such provision shall be fully severable, and the
remaining provisions of the applicable agreement shall remain in full force and effect and shall not be affected by such provision's severance. Furthermore, in lieu of any such provision, there shall
be added automatically as a part of the applicable agreement a legal and enforceable provision as similar in terms to the severed provision as may be possible. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5&nbsp;EACH
OF THE BORROWERS, THE LENDERS AND THE AGENT EACH HEREBY WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF THE LOAN DOCUMENTS OR THE
TRANSACTIONS CONTEMPLATED THEREUNDER. EACH OF THE BORROWERS HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO SERVICE OF PROCESS BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT
REQUESTED. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6&nbsp;Except
as otherwise herein provided, any notice or other communication required hereunder shall be in writing (provided that, any electronic communications from any of
the Borrowers with respect to any request, transmission, document, electronic signature, electronic mail or facsimile transmission shall be deemed binding on the Borrowers for purposes of this
Financing Agreement, provided further that any such transmission shall not relieve the Borrowers from any other obligation hereunder to communicate further in writing), and shall be deemed to have
been validly served, given or delivered when hand delivered or sent by facsimile, or three (3)&nbsp;days after deposit in the United State mails, with proper first class postage prepaid and
addressed to the party to be notified or to such other address as any party hereto may designate for itself by like notice, as follows: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>if
to the Agent, at:<BR>
The CIT Group/Business Credit,&nbsp;Inc.<BR>
300 South Grand Avenue<BR>
Los Angeles, California 90071<BR>
Attn: Regional Manager<BR>
Fax No.: (213)&nbsp;613-2588 </FONT></DD></DL>
<UL>

<P><FONT SIZE=2>with
a copy to: </FONT></P>

<UL>

<P><FONT SIZE=2>Buchalter,
Nemer, Fields&nbsp;&amp; Younger<BR>
601 South Figueroa Street, Suite 2400<BR>
Los Angeles, California 90017<BR>
Attn: Richard Jay Goldstein, Esq.<BR>
Fax No.: (213)&nbsp;896-0400 </FONT></P>

</UL>
</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>55</FONT></P>

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<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>if
to the Borrowers at:<BR>
The Sports Authority,&nbsp;Inc.<BR>
1050 West Hampden Avenue<BR>
Englewood, Colorado 80110<BR>
Attn: Senior Vice President of Finance<BR>
Fax No.: (303)&nbsp;830-1035 </FONT></DD></DL>
</UL>
<UL>
<UL>

<P><FONT SIZE=2>with
a copy to: </FONT></P>

<UL>

<P><FONT SIZE=2>Clifford
Chance US LLP<BR>
200 Park Avenue<BR>
New York, New York 10166<BR>
Attn: Eli S. Weber, Esq.<BR>
Fax No.: (212)&nbsp;878-8375 </FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;if
to any other Lender, at its address set forth on the signature pages hereto or as specified in the relevant Assignment and Transfer Agreement; </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT
SIZE=2>, that the failure of the Agent to provide the Borrowers' counsel with a copy of such
notice shall not invalidate any notice given to the
Borrowers and shall not give the Borrowers any rights, claims or defenses due to the failure of the Agent to provide such additional notice. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7&nbsp;THE
VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS FINANCING AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA, EXCEPT
TO THE EXTENT THAT ANY OTHER LOAN DOCUMENT INCLUDES AN EXPRESS ELECTION TO BE GOVERNED BY THE LAWS OF ANOTHER JURISDICTION. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Any
Lender which is not a United States person within the meaning of Section&nbsp;7701(a)(30) of the Internal Revenue Code (a
"</FONT><FONT SIZE=2><B>Foreign Lender</B></FONT><FONT SIZE=2>") shall deliver to Agent and the Borrowers (i)&nbsp;two valid, duly completed copies of IRS Form&nbsp;W-8BEN or
W-8ECI or successor applicable form, as the case may be, and any other required form, certifying in each case that either (i)&nbsp;such Foreign Lender is entitled to receive payments
under this Financing Agreement without deduction or withholding of any United States federal income taxes, or (ii)&nbsp;if such Foreign Lender is not a "bank" within the meaning of
Section&nbsp;881(c) (3)&nbsp;(A) of the Internal Revenue Code, such Foreign Lender's foreign status and beneficial ownership of income it receives with respect to any loans or extensions of credit
hereunder. Each such Foreign Lender shall also deliver to Agent and the Borrowers two further copies of said Form&nbsp;W-8BEN or W-8ECI, or successor applicable forms, or
other manner of required certification, as the case may be, on or before the date that any such form expires or becomes obsolete or otherwise is required to be resubmitted as a condition to obtaining
an exemption from a required withholding of United States of America federal income tax or after the occurrence of any event requiring a change in the most recent form previously delivered by it to
the Borrowers and Agent, and such extensions or renewals thereof as may reasonably be requested by the Borrowers and Agent, certifying that either (x)&nbsp;such Foreign Lender is entitled to receive
payments under this Financing Agreement without deduction or withholding of any United States federal income taxes, or (y)&nbsp;if such Foreign Lender is not a "bank" within the meaning of
Section&nbsp;881(c)(3)(A) of the Internal Revenue Code. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Any
Lender which is a United States person with the meaning of Section&nbsp;7701(a)(30) of the Internal Revenue Code (a "</FONT><FONT SIZE=2><B>US
Lender</B></FONT><FONT SIZE=2>") shall deliver to Agent and the Borrowers upon request two valid, duly completed copies of IRS Form&nbsp;W-9, or successor applicable form, certifying
that such US Lender is exempt from United States backup withholding tax. Each such US Lender shall also deliver to Agent and the Borrowers two further copies of said Form&nbsp;W-9, or
successor applicable form, or other manner of required certification, as the case may be, on or before the date that any such form expires or becomes obsolete or otherwise is required to be
resubmitted as </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>56</FONT></P>

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<UL>

<P><FONT SIZE=2>a
condition to obtaining an exemption from United States backup withholding or after the occurrence of any event requiring a change in the most recent form previously delivered by it to the Borrowers
and Agent. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
provisions of this </FONT><FONT SIZE=2><I>Section&nbsp;12.8</I></FONT><FONT SIZE=2> shall apply equally to each Participant and transferee of all or a portion of
a loan or extension of credit made hereunder. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.9&nbsp;Each
Borrower consents to the publication by Agent or any Lender of a tombstone or similar advertising material relating to the financing transactions contemplated by
this Agreement. Agent or such Lender shall provide a draft of any such tombstone or similar advertising material to Borrowers and Agent, if drafted by any other Lender, for review and comment prior to
the publication thereof. Agent reserves the right to provide to industry trade organizations information necessary and customary for inclusion in league table measurements. </FONT></P>


<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;Agreement Between the Lenders.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The
Agent, for the account of the Lenders, shall disburse all loans and advances to the Borrowers and shall handle all collections of Collateral and
repayment of Obligations. It is understood that for purposes of advances to the Borrowers and for purposes of this </FONT><FONT SIZE=2><I>Section&nbsp;13</I></FONT><FONT SIZE=2> the Agent is using
the funds of the Agent. A certificate of the Agent submitted to any Lender with respect to any amount owing under this subsection shall be conclusive, absent manifest error. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2&nbsp;On
the Settlement Date, the Agent and the Lenders shall each remit to the other, in immediately available funds, all amounts necessary so as to ensure that, as of the
Settlement Date, the Lenders shall have their proportionate share of all outstanding Obligations. Provided that each Lender has funded all payments or advances required to be made by it and has
purchased all participations required to be purchased by it under this Agreement and the other Loan Documents as of such Settlement Date, Agent shall pay to each Lender such Lender's pro rata share of
principal, interest and fees paid by Borrowers since the previous Settlement Date for the benefit of such Lender on the Revolving Loans held by it. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3&nbsp;The
Agent shall forward to each Lender, at the end of each month, a copy of the account statement rendered by the Agent to the Borrowers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Principal
and interest payments shall be apportioned ratably among Lenders. All payments and Collections shall be remitted to Agent and all such
payments and Collections not constituting payment of specific fees, and all other proceeds of Collateral received by Agent, shall be applied, ratably, subject to the provisions of this Agreement, </FONT> <FONT SIZE=2><I>first</I></FONT><FONT SIZE=2>,
to pay any fees, indemnities, or expense reimbursements (other than amounts related to Product Obligations) then due to Agent or Lenders from any
Borrower; </FONT><FONT SIZE=2><I>second</I></FONT><FONT SIZE=2>, to pay interest due from any Borrower in respect of all Revolving Loans; </FONT><FONT SIZE=2><I>third</I></FONT><FONT SIZE=2>, to pay
or prepay principal of the Revolving Loans and unpaid reimbursement obligations in respect of Letters of Credit; </FONT><FONT SIZE=2><I>fourth</I></FONT><FONT SIZE=2>, to pay an amount to Agent equal
to all outstanding Letters of Credit and Letter of Credit Guaranties to be held as cash Collateral for such Obligations; </FONT><FONT SIZE=2><I>fifth</I></FONT><FONT SIZE=2>, to the payment of any
other Obligation (other than amounts related to Product Obligations) due to Agent or any Lender by any Borrower; and </FONT><FONT SIZE=2><I>sixth</I></FONT><FONT SIZE=2>, to pay any principal, fees,
indemnities or expense reimbursements related to Product Obligations. After the occurrence and during the continuance of an Event of Default, Agent shall have the continuing exclusive right to apply
and reapply any and all such payments and Collections received at any time or times hereafter by Agent or its agent against the Obligations, in such manner as Agent may deem advisable (provided that
principal, fees, indemnities and expense reimbursements in connection with Product Obligations shall be paid following the payment of all other Obligations), notwithstanding any entry by Agent or any
Lender upon any of its books and records. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Agent shall, after receipt of any interest and fees earned under this Financing Agreement, promptly remit to the Lenders: (i)&nbsp;their pro rata share (if any) of
all fees, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>57</FONT></P>

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<P><FONT SIZE=2><I> however</I></FONT><FONT SIZE=2>, that the Lenders (other than CITBC in its role as the Agent) shall (x)&nbsp;not share in the fees provided for in the Fee Letter; and (y)&nbsp;receive their share
of the Loan Facility Fee in accordance with their respective agreements with the Agent; (ii)&nbsp;interest computed at the rate and as provided for in </FONT> <FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2> of this Financing Agreement on all
outstanding amounts advanced by the Lenders on each Settlement Date, prior to adjustment, that are
subsequent to the last remittance by the Agent to the Lenders of the Borrowers' interest; and (iii)&nbsp;their pro rata share of the Letter of Credit Guaranty Fee and the Unused Line Fee. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The
Borrowers acknowledge that the Lenders, with the prior written consent of the Agent, and, prior to the occurrence and during the continuance of an
Event of Default with the prior written consent of the Borrowers (which consent from Borrowers shall not be unreasonably withheld), may sell participation in the loans and extensions of credit made
and to be made to the Borrowers hereunder to other financial institutions (each such institution a "</FONT><FONT SIZE=2><B>Participant</B></FONT><FONT SIZE=2>" and collectively,
"</FONT><FONT SIZE=2><B>Participants</B></FONT><FONT SIZE=2>"), </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that a Participant
may not so purchase a participation in an amount less than Ten Million Dollars ($10,000,000) or the then aggregate amount of such Lender's interest in the loans and advances and extensions of credit
hereunder. The Borrowers further acknowledge that in doing so, the Lenders may grant to such Participants certain rights which would require the Participant's consent to certain waivers, amendments
and other actions with respect to the provisions of this Financing Agreement, provided that the consent of any such Participant shall not be required except for matters requiring the consent of all
Lenders hereunder as set forth in </FONT><FONT SIZE=2><I>Section&nbsp;14.10</I></FONT><FONT SIZE=2> hereof. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Each
Borrower authorizes each Lender to disclose to any Participant and any prospective Participant any and all financial information in such Lender's possession
concerning the Borrowers and their
affiliates which has been delivered to such Lender by or on behalf of the Borrowers pursuant to this Agreement or which has been delivered to such Lender by or on behalf of the Borrowers in connection
with such Lender's credit evaluation of the Borrowers and their affiliates prior to entering into this Agreement, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that prior to such
disclosure to a then or potential Participant the Lender must first obtain from the then or potential Participant a
confidentiality agreement in form and substance similar to </FONT><FONT SIZE=2><I>Section&nbsp;13.6</I></FONT><FONT SIZE=2>. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.6&nbsp;The
Borrowers have made and will, from time to time, make available to the Agent and/or the Lenders certain financial and other business information (the
"</FONT><FONT SIZE=2><B>Confidential Information</B></FONT><FONT SIZE=2>") relating to its business. By their signatures hereto or to an Assignment and Transfer Agreement, the Agent and each Lender
agree to maintain the confidentiality of all Confidential Information, and to disclose such information only (a)&nbsp;to officers, directors, employees or Affiliates of such Agent or Lender and
their legal or financial advisors, in each case to the extent necessary to carry out this Financing Agreement and in the case of Agent, to The CIT Group Holdings,&nbsp;Inc. or The CIT
Group,&nbsp;Inc., and in the case of any other Lender, to such other Lender's parent organization, but only, in the case of all of the foregoing Persons referred to in this clause&nbsp;(a), after
the Agent or the Lender, as the case may be, has advised each such Person to maintain the confidentiality of the Confidential Information, (b)&nbsp;to any other Person to the extent the disclosure
of such information to such Person is required in connection with the examination of a Lender's records by appropriate authorities, pursuant to court order, subpoena or other legal process or
otherwise as required by law or regulation, and (c)&nbsp;to Participants or potential Participants but only after such Participants or potential Participants have executed a written confidentiality
agreement substantially in the form of this paragraph. The Lenders, the Agent, Participants and potential Participants shall not be required to maintain the confidentiality of any portion of the
Confidential Information which (a)&nbsp;is known by such Person or its agents, advisors or representatives prior to disclosure or (b)&nbsp;becomes generally available to the public provided that
the disclosure of such Confidential Information does not violate a confidentiality agreement of which the Participants, potential Participants, the Agent or the Lender, as the case may be, has actual
knowledge. Notwithstanding the foregoing, the Agent, each Lender and any Participant may disclose to any and all persons, without limitation of any kind, any information with respect to the "tax
treatment" and "tax </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>58</FONT></P>

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<P><FONT SIZE=2>structure"
(in each case, within the meaning of Treasury Regulation Section&nbsp;1.6011-4) of the transactions contemplated hereby and all materials of any kind (including opinions or
other tax analyses) that are provided to the Agent, any Lender or any Participant relating to such tax treatment and tax structure. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.7&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The
Borrowers hereby agree that each Lender is solely responsible for its portion of the Line of Credit and that neither the Agent nor any Lender shall
be responsible for, nor assume any obligations for the failure of any Lender to make available its portion of the Line of Credit. Further, should any Lender refuse to make available its portion of the
Line of Credit (each, a "</FONT><FONT SIZE=2><B>Defaulting Lender</B></FONT><FONT SIZE=2>"), then the other Lenders may, but without obligation to do so, increase, unilaterally, its portion of the
Line of Credit in which event the Borrowers are so obligated to that other Lender. If any such Lender fails to make available to the Agent the amount of such Lender's pro rata share of each advance
made by the Lenders, such Lender shall be deemed to be a Defaulting Lender and the Agent shall be entitled to recover such amount on demand from such Lender together with interest thereon at the
Default Rate until paid in full. The failure of any Lender to make any advance shall not relieve any other Lender of any obligation hereunder to make advances or otherwise extend credit pursuant to
the terms of this Financing Agreement. If such Lender's share of such borrowing is not in fact made available to the Agent by such Lender on the Settlement Date, but the Agent shall already have
advanced such amount to the Borrowers, the Agent shall be entitled to recover such amount with interest thereon at the rate per annum applicable to Revolving Loans hereunder, on demand, from the
Borrowers without prejudice to any rights which the Agent may have against such Lender hereunder. Without limiting the liability and obligation of each Lender to make advances pursuant to this
Financing Agreement, the Borrowers authorize the Agent to charge the Borrowers' Revolving Loan Account(s) with the Agent to the extent amounts received from the Lenders are not sufficient to repay in
full the amount of any deficiency caused by a Defaulting Lender's failure to make its prorata share of any advance. Nothing contained in this subsection shall relieve any Lender which has failed to
make available its ratable portion of any borrowing hereunder from its obligation to do so in accordance with the terms hereof. Nothing contained herein shall be deemed to obligate the Agent to make
available to the Borrowers the full amount of a requested advance when the Agent has any notice (written or otherwise) that any of the Lenders will not advance its ratable portion thereof. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Agent shall not be obligated to transfer to a Defaulting Lender any payments made by the Borrowers to the Agent for the Defaulting Lender's benefit, and, in the
absence of such transfer to the Defaulting Lender, the Agent shall transfer any such payments to each other non-Defaulting Lenders ratably in accordance with their Commitments (but only to
the extent that such Defaulting Lender's advance was funded by the other Lenders) or, if so directed by Borrowers and if no Default or Event of Default had occurred and is continuing (and to the
extent such Defaulting Lender's advance was not funded by the non-Defaulting Lenders), retain the same to be re-advanced to Borrowers as if such Defaulting Lender had made such
advances to Borrower. Solely for the purposes of voting or consenting to matters with respect to the Loan Documents, such Defaulting Lender shall be deemed not to be a "Lender" and such Lender's
Commitment shall be deemed to be zero ($0). This Section shall remain effective with respect to such Defaulting Lender until, (y)&nbsp;the non-Defaulting Lenders, the Agent, and
Borrowers shall have waived such Defaulting Lender's default in writing, or (z)&nbsp;the Defaulting Lender makes its pro rata share of the applicable advance and pays to the Agent all amounts owing
by Defaulting Lender in respect thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;This </FONT> <FONT SIZE=2><I>Section&nbsp;13.7</I></FONT><FONT SIZE=2> shall not be construed to increase or otherwise affect the Commitment of any Lender, to
relieve
or excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder, or to relieve or excuse the performance by Borrowers of their duties and obligations
hereunder to the Agent or to the Lenders other than such Defaulting Lender. Any such failure to fund by any Defaulting Lender shall constitute a </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>59</FONT></P>

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<BR>

<P><FONT SIZE=2>material
breach by such Defaulting Lender of this Financing Agreement and shall entitle Borrowers at their option, upon written notice to the Agent, to arrange for a substitute Lender to assume the
Commitment of such Defaulting Lender, such substitute Lender to be acceptable to the Agent. In connection with the arrangement of such a substitute Lender, the Defaulting Lender shall have no right to
refuse to be replaced hereunder, and agrees to execute and deliver a completed form of Assignment and Acceptance in favor of the substitute Lender (and agrees that it shall be deemed to have executed
and delivered such document if it fails to do so) subject only to being repaid its share of the outstanding Obligations (other than Product Obligations) without any premium or penalty of any kind
whatsoever; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that any such assumption of the Commitment of such Defaulting Lender
shall not be deemed to constitute a waiver of any of the Lenders' or Borrowers' rights or remedies against any such Defaulting Lender arising out of or in relation to such failure to fund. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.8&nbsp;In
the event that the Agent, the Lenders or any one of them is sued or threatened with suit by the Borrowers or any one of them, or by any receiver, trustee, creditor
or any committee of creditors on account of any preference, voidable transfer or lender liability issue, alleged to have occurred or been received as a result of, or during the transactions
contemplated under this Financing Agreement, then in such event any money paid in satisfaction or compromise of such suit, action, claim or demand and any expenses, costs and attorneys' fees paid or
incurred in connection therewith, whether by the Agent, the Lenders or any one of them, shall be shared proportionately by the Lenders. In addition, any costs, expenses, fees or disbursements incurred
by outside agencies or attorneys retained by the Agent to effect collection or enforcement of any rights in the Collateral, including enforcing, preserving or maintaining rights under this Financing
Agreement shall be shared proportionately between and among the Lenders to the extent not reimbursed by the Borrowers or from the proceeds of Collateral. The provisions of this paragraph shall not
apply to (i)&nbsp;any suits, actions, proceedings or claims that are unrelated, directly or indirectly, to this Financing Agreement, or (ii)&nbsp;costs, fees, expenses, or disbursements resulting
from the gross negligence or willful misconduct of the Agent or any Lender. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.9&nbsp;Each
of the Lenders agrees with each other Lender that any money or assets of the Borrowers held or received by such Lender, no matter how or when received, so long as
not received or deposited for the specific purpose of securing an unrelated permitted transaction from the inception of such transaction, shall be applied to the reduction of the Obligations (to the
extent permitted hereunder) after (y)&nbsp;the occurrence of an Event of Default, or (z)&nbsp;the election by the Required Lenders to accelerate the Obligations. In addition, the Borrowers
authorize, and the Lenders, and any Participant, shall have the right, upon the written consent of the Agent, upon any amount becoming due and payable hereunder, to set-off and apply
against any and all property held by, or in the possession of such Lender or Participant the Obligations due such Lenders or Participant. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.10&nbsp;CITBC
shall have the right at any time to assign to one or more commercial banks, commercial finance lenders or other financial institutions all or a portion of its
rights and obligations under this Financing Agreement (including, without limitation, its obligations under the Line of Credit, the Revolving Loans and its rights and obligations with respect to
Letters of Credit). The initial assignments by CITBC shall be for amounts not less than Fifteen Million Dollars ($15,000,000) each. In any event, CITBC shall retain for its own account (without taking
into account Participants) the lesser of (a)&nbsp;Fifty Million Dollars ($50,000,000) or (b)&nbsp;eight percent (8%) of the Line of Credit (the "</FONT><FONT SIZE=2><B>CITBC Hold
Position</B></FONT><FONT SIZE=2>"), </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that such CITBC Hold Position shall cease while
there is then an Event of Default until such Event of Default is waived or otherwise cured. Should CITBC during an Event of Default assign additional interests, then the CITBC Hold Position shall be
the remaining amount of CITBC's position if and when such Event of Default is waived, if such remaining amount is less than what the CITBC Hold Position otherwise would be as determined above. Upon
execution of an Assignment and Transfer Agreement, (i)&nbsp;the assignee thereunder shall be a party hereto and, to the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>60</FONT></P>

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<P><FONT SIZE=2>extent
that rights and obligations hereunder have been assigned to it pursuant to such assignment, have the rights and obligations of CITBC as the case may be hereunder and (ii)&nbsp;CITBC shall, to
the extent that rights and obligations hereunder have been assigned by it pursuant to such assignment, relinquish its rights and be released from its obligations under this Financing Agreement. The
Borrowers shall, if necessary, execute any documents reasonably required to effectuate the assignments. No other Lender may assign its interest, in whole or in part, in the loans and advances and
extensions of credit hereunder without (i)&nbsp;the prior written consent of the Agent which consent will not be unreasonably withheld; (ii)&nbsp;the payment to the Agent (solely for the Agent's
account) by the current or prospective Lender of a Five Thousand Dollar ($5,000) fee for processing the assignment; and (iii)&nbsp;if the Transferee is a Foreign Lender, such Foreign Lender first
complies with the provisions of </FONT><FONT SIZE=2><I>Section&nbsp;12.8</I></FONT><FONT SIZE=2> hereof, provided, however, that no such consent of Agent or any consent of Borrower described below
shall be required for any such assignment to another Lender. Additionally, no other Lender shall assign such Lender's interest in the loans and advances and extensions of credit hereunder (or any
portion thereof) unless the interest to be so assigned is not less than Fifteen Million Dollars ($15,000,000) or all of the such Lender's entire interest in the loans and advances and extensions of
credit hereunder. Notwithstanding anything to the contrary herein contained, prior to any such assignment and/or the disclosure of the Confidential Information, such Transferee, actual or potential,
shall execute a confidentiality agreement in form and substance substantially similar to </FONT><FONT SIZE=2><I>Section&nbsp;13.6</I></FONT><FONT SIZE=2>. Other than upon the occurrence and during
the continuance of an Event of Default, no Lender (including CITBC) shall assign all or any part of its rights and obligations under this Financing Agreement except to an assignee approved by the
Borrowers, provided that (x)&nbsp;the Borrowers shall not unreasonably withhold, delay, or condition its consent, (y)&nbsp;any existing Lender (whether CITBC or another Lender previously approved
by the Borrowers as an assignee) shall be deemed to have been approved by the Borrowers as an assignee with respect to any and all future assignments to such Lender, without need for further approval
with respect to additional assignments by any other Lender to such Lender, and (z)&nbsp;this sentence shall not be applicable to sales of participation interests (as opposed to direct assignments). </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;Agency.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1&nbsp;Each
Lender hereby irrevocably designates and appoints CITBC as the Agent for the Lenders under this Financing Agreement and any ancillary loan documents and
irrevocably authorizes CITBC as the Agent for such Lender, to take such action on its behalf under the provisions of this Financing Agreement and all ancillary documents and to exercise such powers
and perform such duties as are expressly delegated to the Agent by the terms of this Financing Agreement and all ancillary documents together with such other powers as are reasonably incidental
thereto. Notwithstanding any provision to the contrary elsewhere in this Financing Agreement, the Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any
fiduciary relationship with any Lender and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Financing Agreement and the ancillary documents
or otherwise exist against the Agent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2&nbsp;The
Agent may execute any of its duties under this Financing Agreement and all ancillary documents by or through agents or attorneys-in-fact and
shall be entitled to the advice of counsel concerning all matters pertaining to such duties. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.3&nbsp;Neither
the Agent nor any of its officers, directors, employees, agents, or attorneys-in-fact shall be (i)&nbsp;liable to any Lender for any
action lawfully taken or omitted to be taken by it or such person under or in connection with this Financing Agreement and all ancillary documents (except for its or such person's own gross negligence
or willful misconduct), or (ii)&nbsp;responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by the Borrowers or any officer thereof
contained in this Financing Agreement and all ancillary documents or in any certificate, report, statement or other document referred to or provided for in, or received by the Agent under or in
connection with, this Financing Agreement and all ancillary documents or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Financing Agreement and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>61</FONT></P>

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<P><FONT SIZE=2>all
ancillary documents or for any failure of the Borrowers to perform their obligations thereunder. The Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions of, this Financing Agreement and all ancillary documents or to inspect the properties, books or records of the Borrowers. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.4&nbsp;The
Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter,
cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the
proper person or persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Borrowers), independent accountants and other experts selected by the Agent. The
Agent shall be fully justified in failing or refusing to take any action under this Financing Agreement and all ancillary documents unless it shall first receive such advice or concurrence of the
Lenders, or the Required Lenders, as the case may be, as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be
incurred by it by reason of taking or continuing to take any such action. The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Financing Agreement and
all ancillary documents in accordance with a request of the Lenders, or the Required Lenders, as the case may be, and such request and any action taken or failure to act pursuant thereto shall be
binding upon all the Lenders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.5&nbsp;The
Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Agent has received written notice
from a Lender or the Borrowers describing such Default or Event of Default. In the event that the Agent receives such a notice, the Agent shall promptly give notice thereof to the Lenders. The Agent
shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Lenders, or Required Lenders, as the case may be; </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that unless and until the Agent
shall have received such direction, the Agent may in the interim (but shall not be obligated to) take such
action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders. In the event the Agent in its sole
discretion, or at the request of the Required Lenders, continues to make Revolving Loans and advances under this Financing Agreement upon the occurrence of a Default or Event of Default, any such
Revolving Loans and advances may be in such amounts (subject to </FONT><FONT SIZE=2><I>Section&nbsp;14.10</I></FONT><FONT SIZE=2> hereof) and on such additional terms and conditions as the Agent or
the Required Lenders may deem appropriate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.6&nbsp;Each
Lender expressly acknowledges that neither the Agent nor any of its officers, directors, employees, agents or attorneys-in-fact has made
any representations or warranties to it and that no act by the Agent hereinafter taken, including any review of the affairs of the Borrowers shall be deemed to constitute any representation or
warranty by the Agent to any Lender. Each Lender represents to the Agent that it has, independently and without reliance upon the Agent or any other Lender and based on such documents and information
as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrowers and made its own
decision to enter into this Financing Agreement. Each Lender also represents that it will, independently and without reliance upon the Agent or any other Lender and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under the Financing Agreement and to make such
investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition or creditworthiness of the Borrowers. The Agent, however, shall provide the
Lenders with copies of all financial statements, projections and business plans which come into the possession of the Agent or any of its officers, employees, agents or
attorneys-in-fact. Further, the Agent shall use reasonable efforts to give the Lenders reasonable prior notice of the date of the Agent's visits to the Borrowers' premises for
purposes of inspecting the Collateral and books and records pertaining thereto. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>62</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The
Lenders agree to indemnify the Agent in its capacity as such (to the extent not reimbursed by the Borrowers and without limiting the obligation of
the Borrowers to do so), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements (including, without limitation,
all Out-of-Pocket Expenses) of any kind whatsoever (including negligence on the part of the Agent, but excluding any of the foregoing arising out of the gross negligence or
willful misconduct of Agent) which may at any time be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of this Financing Agreement or any ancillary documents
or any documents contemplated by or referred to herein or the transactions contemplated hereby or any action taken or omitted by the Agent under or in connection with any of the foregoing; </FONT> <FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that
no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements resulting solely from the Agent's gross negligence or willful misconduct. The agreements in this paragraph shall survive the payment of the Obligations. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Each
Lender agrees to indemnify the other Lenders, in each Lender's capacity as such (to the extent not reimbursed by the Borrowers and without limiting the obligation
of the Borrowers to do so), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements (including, without
limitation, all Out-of-Pocket Expenses) of any kind whatsoever (including negligence on the part of the applicable Lender(s)) which may at any time be imposed on, incurred by
or asserted against the applicable Lenders as a result of such Lender's commission of an "action" with the meaning of California Code of Civil Procedure Section&nbsp;726. The agreements in this
paragraph shall survive the payment of the Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
Agent will use its reasonable business judgement in handling the collection of the Accounts, enforcement of its rights hereunder and realization upon the Collateral
but shall not be liable to the Lenders for any action taken or omitted to be taken in good faith or on the written advice of counsel. The Lenders expressly release the Agent from any and all liability
and responsibility (express or implied), for any loss, depreciation of or delay in collecting or failing to realize on any Collateral, the Obligations or any guaranties therefor and for any mistake,
omission or error in judgment in passing upon or accepting any Collateral or in making (or in failing to make) examinations or audits or for granting indulgences or extensions to the Borrowers, any
account debtor or any guarantor, other than resulting from the Agent's gross negligence or willful misconduct. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.8&nbsp;The
Agent may make loans to, and generally engage in any kind of business with the Borrowers as though the Agent were not the Agent hereunder. With respect to its loans
made or renewed by it or loan obligations hereunder as Lender, the Agent shall have the same rights and powers, duties and liabilities under this Financing Agreement as any Lender and may exercise the
same as though it was not the Agent and the terms "Lender" and "Lenders" shall include the Agent in its individual capacity. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.9&nbsp;The
Agent may resign as the Agent upon thirty (30)&nbsp;days' notice to the Lenders and such resignation shall be effective upon the appointment of a successor Agent.
If the Agent shall resign as Agent, then the Lenders shall appoint a successor Agent for the Lenders whereupon such successor Agent shall succeed to the rights, powers and duties of the Agent and the
term "Agent" shall mean such successor agent effective upon its appointment, and the former Agent's rights, powers and duties as Agent shall be terminated, without any other or further act or deed on
the part of such former Agent or any of the parties to this Financing Agreement, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that
the Lenders shall: (a)&nbsp;notify the Borrowers of the successor Agent and (b)&nbsp;request the consent of the Borrowers to such successor Agent, which consent shall not be unreasonably withheld.
The Borrowers shall be deemed to have consented to the successor Agent if the Lenders do not receive from the Borrowers, within ten (10)&nbsp;days of the Lenders' notice to the Borrowers, a written
statement of the Borrowers' objection to </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>63</FONT></P>

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<P><FONT SIZE=2>the
successor Agent. Should the Borrowers not consent and no acceptable successor Agent is agreed upon within sixty (60)&nbsp;days of the date the Borrowers advised the Lenders of its objection to
the successor Agent, then the Lenders may appoint (without the Borrowers' consent) another successor Agent. After any retiring Agent's resignation hereunder as the Agent the provisions of this </FONT> <FONT SIZE=2><I>Section&nbsp;14</I></FONT><FONT
SIZE=2> shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Agent. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.10&nbsp;Except
for actions expressly permitted to be taken by Agent, no amendment, modification, termination or waiver of any provision of this Financing Agreement or any
other Loan Document, or any consent to any departure by any Borrower or any of its Subsidiaires therefrom, shall in any event be effective unless the same shall be in writing and signed by Agent and
Borrowers, and by Required Lenders, or all Lenders, as applicable. Notwithstanding anything contained in this Financing Agreement to the contrary, the Agent will not, without the prior written consent
of </FONT><FONT SIZE=2><I>all</I></FONT><FONT SIZE=2> Lenders: (a)&nbsp;amend, waive or otherwise modify the Financing Agreement to (t)&nbsp;release any Guaranty; (u)&nbsp;increase the Line of
Credit; (v)&nbsp;increase the rate of advance against, or change any sublimit applicable to Eligible Inventory, Eligible Accounts Receivable, or Real Estate Collateral, as set forth in </FONT> <FONT SIZE=2><I>Section&nbsp;3.1</I></FONT><FONT SIZE=2>
of this Financing Agreement; (w)&nbsp;reduce the interest rates; (x)&nbsp;reduce, waive, extend or postpone (i)&nbsp;any fees
in which the Lenders share hereunder (but individual Lenders may waive their own fees); or (ii)&nbsp;the repayment of any Obligations due the Lenders; (y)&nbsp;extend the maturity of the
Obligations; or (z)&nbsp;alter or amend (1)&nbsp;this </FONT><FONT SIZE=2><I>Section&nbsp;14.10</I></FONT><FONT SIZE=2> or (2)&nbsp;the definitions of Eligible Inventory, Collateral, Required
Lenders, Eligible Accounts Receivable, Borrowing Base, Availability, Real Estate Collateral, Seasonal Advance Period, or any definitions included therein; (b)&nbsp;except as provided in </FONT> <FONT SIZE=2><I>Section&nbsp;6.8(a)</I></FONT><FONT
SIZE=2>, release Collateral in bulk without a corresponding reduction in the Obligations to the Lenders, or (c)&nbsp;intentionally make
any Revolving Loan or assist in opening any Letter of Credit hereunder if after giving effect thereto the total of Revolving Loans and Availability Reserves, hereunder for the Borrowers would exceed
(i)&nbsp;one hundred and five percent (105%) of the maximum amount available under the Borrowing Base or (ii)&nbsp;the aggregate Committments (and provided that, unless the Required Lenders agree
otherwise, the Agent shall require that any Overadvance be repaid within thirty (30)&nbsp;days). In all other respects, and except as otherwise specifically provided to the contrary in this
Financing Agreement, the Agent is authorized to take such actions or fail to take such actions if the Agent, in its reasonable discretion, deems such to be advisable and in the best interest of the
Lenders, including, but not limited to, the termination of the Financing Agreement upon the occurrence of an Event of Default unless it is specifically instructed to the contrary by the Required
Lenders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.11&nbsp;In
the event any Lender's consent is required pursuant to the provisions of this Financing Agreement and such Lender does not respond to any request by the Agent for
such consent within ten (10)&nbsp;Business Days after such request is made to such Lender, such failure to respond shall be deemed a consent. In addition, in the event that any Lender declines to
give its consent to any such request, it is hereby mutually agreed that the Agent and/or any other Lender shall have the right (but not the obligation), within sixty (60)&nbsp;days of the applicable
Lender's election to withhold its consent, to purchase such Lender's share of the Loans for the full amount thereof together with accrued interest thereon, and such Lender's pro rata share of all fees
and other amounts payable hereunder to the date of such purchase. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.12&nbsp;Each
Lender agrees that notwithstanding the provisions of </FONT><FONT SIZE=2><I>Section&nbsp;11</I></FONT><FONT SIZE=2> of this Financing Agreement (other than the
portions thereof relating to termination following an Event of Default, which are not superceded by this </FONT><FONT SIZE=2><I>Section&nbsp;14.12</I></FONT><FONT SIZE=2>), any Lender may terminate
this Financing Agreement and the Line of Credit only as of the initial fourth (4th) Anniversary Date or any Anniversary Date thereafter, and then only by giving the Agent one hundred and twenty
(120)&nbsp;days prior written notice thereof. Within thirty (30)&nbsp;days after receipt of any such termination notice, the Agent shall, at its option, either (i)&nbsp;give notice of
termination to the Borrowers hereunder or (ii)&nbsp;purchase, or arrange for the purchase of, the Lender's share of the Obligations hereunder for the full amount thereof plus accrued interest
thereon. Unless so terminated this Financing Agreement and the Line of Credit shall </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>64</FONT></P>

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<P><FONT SIZE=2>be
automatically extended from Anniversary Date to Anniversary Date. Termination of this Financing Agreement by any of the Lenders as herein provided shall not affect the Lenders' respective rights
and obligations under this Financing Agreement incurred prior to the effective date of termination as set forth in the preceding sentence. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.13&nbsp;If
the Agent is required at any time to return to the Borrowers or to a trustee, receiver, liquidator, custodian or other similar official any portion of the payments
made by the Borrowers to the Agent as result of a bankruptcy or similar proceeding with respect to the Borrowers, any guarantor or any other person or entity or otherwise, then each Lender shall, on
demand of the Agent, forthwith return to the Agent its ratable share of any such payments made to such Lender by the Agent, together with its ratable share of interest and/or penalties, if any,
payable by the Lenders; this provision shall survive the termination of this Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14&nbsp;The
Lenders agree to maintain the confidentiality of any non-public information provided by the Borrowers to them, in the ordinary course of their
business, provided that the foregoing confidentiality provision shall terminate one (1)&nbsp;year after the termination date of this Financing Agreement, and provided further that any such Lenders
may disclose such information (i)&nbsp;to any applicable bank regulatory and auditor personnel, (ii)&nbsp;upon the advise of their counsel, and (iii)&nbsp;as may be required by law or
regulation, including the disclosure of the tax treatment and tax structure of the proposed credit facility or proper legal process to be disclosed. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>[remainder of this page left blank intentionally; signatures to follow]</I></B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>65</FONT></P>

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<P><FONT SIZE=2><A
NAME="page_lj2148_1_1"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>IN WITNESS WHEREOF,</B></FONT><FONT SIZE=2> the parties hereto have caused this Financing Agreement to be executed and delivered by their proper and duly
authorized officers as of the date set forth above. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>AGENT:</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>THE CIT GROUP/BUSINESS CREDIT, INC.,<BR> </B></FONT><FONT SIZE=2>a New York corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ADRIAN AVALOS</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Adrian Avalos</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>S-1</FONT></P>

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<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>PARENT:</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY, INC.,</B></FONT><FONT SIZE=2><BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TOM WILDENBERG</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Tom Wildenberg</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Sr. V.P. Finance</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>BORROWERS:</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>GART BROS. SPORTING GOODS COMPANY,</B></FONT><FONT SIZE=2><BR>
a Colorado corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TOM WILDENBERG</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Tom Wildenberg</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Sr. V.P. Finance</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>OSHMAN'S SPORTING GOODS, INC.,</B></FONT><FONT SIZE=2><BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TOM WILDENBERG</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Tom Wildenberg</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Sr. V.P. Finance</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>SPORTMART, INC.,</B></FONT><FONT SIZE=2><BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TOM WILDENBERG</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Tom Wildenberg</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Sr. V.P. Finance</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY FLORIDA, INC.,</B></FONT><FONT SIZE=2><BR>
a Florida corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TOM WILDENBERG</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Tom Wildenberg</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Auth. Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY MICHIGAN, INC.,</B></FONT><FONT SIZE=2><BR>
a Michigan corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TOM WILDENBERG</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Tom Wildenberg</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Auth. Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-2</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=69,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=380807,FOLIO='S-2',FILE='DISK023:[03DEN8.03DEN2148]LJ2148A.;15',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lj2148_1_3"> </A>
<!-- end of table folio -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>TSA STORES, INC.,</B></FONT><FONT SIZE=2><BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>TOM WILDENBERG</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Tom Wildenberg</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Auth. Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>LENDERS:</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>THE CIT GROUP/BUSINESS CREDIT, INC.,</B></FONT><FONT SIZE=2><BR>
a New York corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ADRIAN AVALOS</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Adrian Avalos</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($75,000,000)<BR>
Pro rata share (12.50%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>FLEET RETAIL FINANCE INC.,</B></FONT><FONT SIZE=2><BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fleet Retail Group, Inc.<BR>
40 Broad Street, Suite 1100</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>JAMES J. WARD</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Boston, Massachusetts 02109</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Jamie Ward</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>James J. Ward</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (617) 434-4312</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Director</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($75,000,000)<BR>
Pro rata share (12.50%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>BANK OF AMERICA, N.A.,</B></FONT><FONT SIZE=2><BR>
a national association organized under the laws of the United States</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>55 South Lake Avenue, Suite 900<BR>
Pasadena, California 91101</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>M. R. WILLIAMSON</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Michael R. Williamson</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (626) 229-4043</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Michael R. Williamson</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>SVP</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($75,000,000)<BR>
Pro rata share (12.50%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>S-3</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=3,SEQ=70,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=1041973,FOLIO='S-3',FILE='DISK023:[03DEN8.03DEN2148]LJ2148A.;15',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lj2148_1_4"> </A>
<!-- end of table folio -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>WELLS FARGO FOOTHILL, LLC,</B></FONT><FONT SIZE=2><BR>
a California limited liability company</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>2450 Colorado Ave., Suite 3000W<BR>
Santa Monica, California 90404</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>EUNNIE KIM</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Eunnie Kim</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (310) 453-7446</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Eunnie Kim</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Asst. Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($75,000,000)<BR>
Pro rata share (12.50%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>GENERAL ELECTRIC CAPITAL CORPORATION,</B></FONT><FONT SIZE=2><BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>800 Connecticut Ave., Two North<BR>
Norwalk, Connecticut 06854</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>CRAIG WINSLOW</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Michelle Handy</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (213) 852-2670</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Craig Winslow</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Duly Authorized Signatory</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($60,000,000.00)<BR>
Pro rata share (10.00%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>NATIONAL CITY COMMERCIAL FINANCE, INC.,</B></FONT><FONT SIZE=2><BR>
an Ohio corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>1965 E. 6th Street, Suite 400<BR>
Cleveland, Ohio 44114</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>CARLA L. KEHEES</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Kathy Ellero</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No. (216) 222-9555</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Carla L. Kehees</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Senior Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($50,000,000)<BR>
Pro rata share (8.33%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>CONGRESS FINANCIAL CORPORATION (SOUTHWEST),</B></FONT><FONT SIZE=2><BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>1201 Main Street, Suite 1625<BR>
Dallas, Texas 75202</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>PAUL TRUAX</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Paul Truax</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (214) 748-9118</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Paul Truax</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($50,000,000)<BR>
Pro rata share (8.33%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>S-4</FONT></P>

<HR NOSHADE>
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<A NAME="page_lj2148_1_5"> </A>
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<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>LASALLE BANK NATIONAL ASSOCIATION,</B></FONT><FONT SIZE=2><BR>
a national association organized under the laws of the United States</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Republic Plaza<BR>
370 17th Street, Suite 3590</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>DARREN L. LEMKAU</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Denver, Colorado 80202</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Darren Lemkau</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Darren L. Lemkau</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (303) 825-7580</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>First Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($50,000,000.00)<BR>
Pro rata share (8.33%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>JPMORGAN CHASE BANK,</B></FONT><FONT SIZE=2><BR>
a New York corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>2200 Ross Ave., 4th Floor<BR>
Dallas, Texas 75201</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>KEVIN D. PADGETT</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Kevin D. Padgett</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (214) 965-4731</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Kevin D. Padgett</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($45,000,000.00)<BR>
Pro rata share (7.50%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notices:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>PNC BANK, NATIONAL ASSOCIATION,</B></FONT><FONT SIZE=2><BR>
a national association organized under the laws of the United States</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>2 North Lake Ave., Suite 440<BR>
Pasadena, California 91101</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ROBIN L. ARRIOLA</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Robin L. Arriola</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (626) 432-4589</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Robin L. Arriola</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($25,000,000.00)<BR>
Pro rata share (4.17%)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
Address for notice:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>AmSOUTH BANK,</B></FONT><FONT SIZE=2><BR>
an Alabama corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>350 Park Ave., 20th Floor<BR>
New York, New York 10022</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>KATHLEEN F. D'ANGELO</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Attn: Kathleen F. D'Angelo</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>Fax No.: (212) 935-7458</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Kathleen F. D'Angelo</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Attorney-In-Fact</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Revolving Loans Commitment:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>Principal amount ($20,000,000.00)<BR>
Pro rata share (3.33%)</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>S-5</FONT></P>

<HR NOSHADE>
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="page_lk2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="lk2148_exhibit_a"> </A>
<A NAME="toc_lk2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT A    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Form of Assignment and Transfer Agreement  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> ASSIGNMENT AND TRANSFER AGREEMENT  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Dated:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 200 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the Financing Agreement dated as of August&nbsp;4, 2003 (as amended, modified, supplemented and in effect from time to time, the "</FONT><FONT SIZE=2><B>Financing
Agreement</B></FONT><FONT SIZE=2>"), among&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
a&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;corporation (the "</FONT><FONT SIZE=2><B>Borrowers</B></FONT><FONT SIZE=2>"), the Lenders named therein,
and The CIT
Group/Business Credit,&nbsp;Inc., as Agent (the "</FONT><FONT SIZE=2><B>Agent</B></FONT><FONT SIZE=2>"). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to
such terms in the Financing Agreement. This Assignment and Transfer Agreement, between&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(herein the
"</FONT><FONT SIZE=2><B>Assignor</B></FONT><FONT SIZE=2>," as further defined and
set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto and made a part hereof)
and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(herein the
"</FONT><FONT SIZE=2><B>Assignee</B></FONT><FONT SIZE=2>," as further defined and set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto and made a part hereof) is
dated as of Effective Date (as set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto and made a part hereof). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably purchases and assumes from the
Assignor without recourse to the Assignor, as of the Effective Date, an undivided interest (the "</FONT><FONT SIZE=2><B>Assigned Interest</B></FONT><FONT SIZE=2>") in and to all the Assignor's rights
and obligations under the Financing Agreement respecting those, and only those, financing facilities contained in the Financing Agreement as are set forth on </FONT> <FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> (collectively, the
"</FONT><FONT SIZE=2><B>Assigned Facilities</B></FONT><FONT SIZE=2>" and individually, an
"</FONT><FONT SIZE=2><B>Assigned Facility</B></FONT><FONT SIZE=2>"), in a principal amount for each Assigned Facility as set forth on </FONT> <FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Assignor (i)&nbsp;makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in
connection with the Financing Agreement or any other instrument, document or agreement executed in conjunction therewith (collectively the "</FONT><FONT SIZE=2><B>Ancillary
Documents</B></FONT><FONT SIZE=2>") or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Financing Agreement, any Collateral thereunder or any of the
Ancillary Documents furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any
adverse claim and (ii)&nbsp;makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers or any guarantor or the performance or
observance by the Borrowers or any guarantor of any of its respective obligations under the Financing Agreement or any of the Ancillary Documents furnished pursuant thereto. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Assignee (i)&nbsp;represents and warrants that it is legally authorized to enter into this Assignment and Transfer Agreement; (ii)&nbsp;confirms that it has
received a copy of the Financing Agreement, together with the copies of the most recent financial statements of the Borrowers, and such other documents and information as it has deemed appropriate to
make its own credit analysis; (iii)&nbsp;agrees that it will, independently and without reliance upon the Agent, the Assignor or any other Lender and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Financing Agreement; (iv)&nbsp;appoints and authorizes the Agent to take such
action as agent on its behalf and to exercise such powers under the Financing Agreement as are delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental
thereto; (v)&nbsp;agrees that it will be bound by the provisions of the Financing Agreement and will perform in accordance with its terms all the obligations which by the terms of the Financing
Agreement are required to be performed by it as Lender; and (vi)&nbsp;if the Assignee is organized under the laws of a jurisdiction outside the United States, attaches the forms prescribed by the
Internal Revenue Service of the United States certifying as to the Assignee's exemption from United States withholding taxes with respect to all payments to be made to </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit A-1</FONT></P>

<HR NOSHADE>
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<A NAME="page_lk2148_1_2"> </A>
<BR>

<P><FONT SIZE=2>the
Assignee under the Financing Agreement or such other documents as are necessary to indicate that all such payments are subject to such tax at a rate reduced by an applicable tax treaty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following
the execution of this Assignment and Transfer Agreement, such agreement will be delivered to the Agent for acceptance by it and the Borrowers, effective as of
the Effective Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
such acceptance, from and after the Effective Date, the Agent shall make all payments in respect of the assigned interest (including payments of principal, interest,
fees and other amounts) to the Assignee, whether such amounts have accrued prior to the Effective Date or accrue subsequent to the Effective Date. The Assignor and Assignee shall make all appropriate
adjustments in payments for periods prior to the Effective Date made by the Agent or with respect to the making of this assignment directly between themselves. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From
and after the Effective Date, (i)&nbsp;the Assignee shall be a party to the Financing Agreement and, to the extent provided in this Assignment and Transfer
Agreement, have the rights and obligations of a Lender thereunder, and (ii)&nbsp;the Assignor shall, to the extent provided in this Assignment and Transfer Agreement, relinquish its rights and be
released from its obligations under the Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>THIS ASSIGNMENT AND TRANSFER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
CALIFORNIA.</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, the parties hereto have caused this Assignment and Acceptance to be executed by their respective duly authorized
officers on </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit A-2</FONT></P>

<HR NOSHADE>
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<BR>
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<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ll2148_schedule_1_to_assignment_and_transfer_agreement"> </A>
<A NAME="toc_ll2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>Schedule&nbsp;1 to Assignment and Transfer Agreement    <BR>    </B></FONT></P>

<P><FONT SIZE=2>Name
of Assignor: </FONT></P>

<P><FONT SIZE=2>Name
of Assignee: </FONT></P>

<P><FONT SIZE=2>Effective
Date of Assignment: </FONT></P>

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<DIV ALIGN="CENTER"><TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="50%" ALIGN="CENTER"><FONT SIZE=1><B>Percentage Assigned of Each<BR>
Facility (Shown as a<BR>
percentage of Principal<BR>
Amount (or, with respect to<BR>
Assigned Facilities</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Aggregate original principal<BR>
amount </B></FONT><FONT SIZE=1><B><I>[or, with respect to<BR>
Letters of Credit face<BR>
amount) Assigned]</I></B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="23%" ALIGN="CENTER"><FONT SIZE=1><B>Letters of Credit, face amount<BR>
of all Lenders)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>Revolving Loans</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>Letter of Credit participation interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="23%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>Accepted:
</FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><B>THE CIT GROUP/BUSINESS CREDIT, INC., as&nbsp;Agent</B></FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
,</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3 VALIGN="TOP"><HR NOSHADE><FONT SIZE=2> as Assignor</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
,</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3 VALIGN="TOP"><HR NOSHADE><FONT SIZE=2> as Assignee</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<HR NOSHADE>
<!-- ZEQ.=1,SEQ=75,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=961628,FOLIO='blank',FILE='DISK023:[03DEN8.03DEN2148]LL2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<!-- end of table folio -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
Consented To:</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>BORROWERS:</B></FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>GART BROS. SPORTING GOODS COMPANY,</B></FONT><FONT SIZE=2> a&nbsp;Colorado&nbsp;corporation</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>OSHMAN'S SPORTING GOODS, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
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<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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</TR>
</TABLE>
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<!-- ZEQ.=2,SEQ=76,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=450241,FOLIO='blank',FILE='DISK023:[03DEN8.03DEN2148]LL2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
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<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>SPORTMART, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
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<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY FLORIDA, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Florida&nbsp;corporation</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
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&nbsp;</FONT></TD>
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<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY MICHIGAN, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Michigan&nbsp;corporation</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=2><B>TSA STORES, INC.,</B></FONT><FONT SIZE=2> A&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><HR NOSHADE></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<HR NOSHADE>
<!-- ZEQ.=3,SEQ=77,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=185580,FOLIO='blank',FILE='DISK023:[03DEN8.03DEN2148]LL2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_lm2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lm2148_exhibit_b_form_of_revolving_lo__exh02936"> </A>
<A NAME="toc_lm2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT B    <BR>    <BR>    Form of Revolving Loan Promissory Note    <BR>    <BR>    REVOLVING CREDIT NOTE    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="20%"><FONT SIZE=2>$600,000,000.00</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="78%" ALIGN="RIGHT"><FONT SIZE=2>Dated as of August&nbsp;4, 2003</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FOR
VALUE RECEIVED, the undersigned (herein individually a "</FONT><FONT SIZE=2><B>Borrower</B></FONT><FONT SIZE=2>" and collectively the
"</FONT><FONT SIZE=2><B>Borrowers</B></FONT><FONT SIZE=2>"), hereby, jointly and severally, absolutely and unconditionally promise to pay to the order of THE CIT GROUP/BUSINESS CREDIT,&nbsp;INC., a
New York corporation, (hereinafter "</FONT><FONT SIZE=2><B>CITBC</B></FONT><FONT SIZE=2>") with offices located at 300 South Grand Avenue, Los Angeles, CA 90071, and CITBC as agent for the Lenders
(the </FONT><FONT SIZE=2><B>"Agent"</B></FONT><FONT SIZE=2>), and any other party which now or hereafter becomes a lender hereunder pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;13</I></FONT><FONT SIZE=2> of the Financing Agreement (individually a
</FONT><FONT SIZE=2><B>"Lender"</B></FONT><FONT SIZE=2> and collectively the </FONT> <FONT SIZE=2><B>"Lenders"</B></FONT><FONT SIZE=2>), in lawful money of the United States of America and in immediately available funds, the principal amount of Six
Hundred Million Dollars
($600,000,000.00), or such other principal amount advanced pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;3.1</I></FONT><FONT SIZE=2> and </FONT> <FONT SIZE=2><I>Section&nbsp;5.1</I></FONT><FONT SIZE=2> of the Financing Agreement (as herein defined),
 such Revolving Loan advances may be repaid on a daily basis as a result of the
application of the proceeds of collections of the Accounts and the making of additional Revolving Loans as described in </FONT><FONT SIZE=2><I>Section&nbsp;3</I></FONT><FONT SIZE=2> of the
Financing Agreement. Subject to the terms of the Financing Agreement, the Revolving Loans may be borrowed, repaid and reborrowed by the Borrowers. A final balloon payment in an amount equal to the
outstanding aggregate balance of principal and interest remaining unpaid, if any, under this Note as shown on the books and records of the Agent shall be due and payable on the termination of the
Financing Agreement, as set forth in </FONT><FONT SIZE=2><I>Section&nbsp;11</I></FONT><FONT SIZE=2> thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Borrowers, jointly and severally, further absolutely and unconditionally promise to pay to the order of the Agent at said office, interest, in like money, on the unpaid principal
amount owing hereunder from time to time from the date hereof on the dates and at the rates specified in </FONT><FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2> of the Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any payment on this Note becomes due and payable on a day other than a business day, the maturity thereof shall be extended to the next succeeding business day, and with respect to
payments of principal, interest thereon shall be payable at the then applicable rate during such extension. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Note is the Promissory Note referred to in the Financing Agreement, dated as of the date hereof, as the same may be amended and restated and in effect from time to time, among the
Borrowers, the Agent, and the Lenders thereto from time to time (the </FONT><FONT SIZE=2><B>"Financing Agreement"</B></FONT><FONT SIZE=2>), and is subject to, and entitled to, all of the terms,
provisions and benefits thereof and is subject to optional and mandatory prepayment, in whole or in part, as provided therein. All initially capitalized terms used herein shall have the meaning
provided therefor in the Financing Agreement, unless otherwise defined herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
date and amount of the advance(s) made hereunder may be recorded on the grid page or pages which are attached hereto and hereby made part of this Note or the separate ledgers
maintained by the Agent. The aggregate unpaid principal amount of all advances made pursuant hereto may be set forth in the balance column on said grid page or such ledgers maintained by the Agent.
All such advances, whether or not so recorded, shall be due as part of this Note. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Borrowers confirm that any amount received by or paid to the Agent in connection with the Financing Agreement and/or any balances standing to its credit on any of its or their
accounts on the Agent's books under the Financing Agreement may in accordance with the terms of the Financing Agreement be applied in reduction of this Note, but no balance or amounts shall be deemed
to effect payment in whole or in part of this Note unless the Agent shall have actually charged such account or accounts for the purposes of such reduction or payment of this Note. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit B-1</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=78,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=688823,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LM2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lm2148_1_2"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the occurrence of any one or more of the Events of Default specified in the Financing Agreement or upon termination of the Financing Agreement, all amounts then remaining unpaid on
this Note may become, or be declared to be, immediately due and payable as provided in the Financing Agreement. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><B>THE SPORTS AUTHORITY, INC.,</B></FONT><FONT SIZE=2><BR>
a&nbsp;Delaware&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>OSHMAN'S SPORTING GOODS, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Delaware&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>GART BROS. SPORTING GOODS COMPANY,</B></FONT><FONT SIZE=2> a&nbsp;Colorado&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit B-2</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=79,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=494841,FOLIO='2',FILE='DISK023:[03DEN8.03DEN2148]LM2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lm2148_1_3"> </A>
<!-- end of table folio -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>SPORTMART, INC.,</B></FONT><FONT SIZE=2><BR>
a&nbsp;Delaware&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY FLORIDA, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Florida&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY MICHIGAN, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Michigan&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>TSA STORES, INC.,</B></FONT><FONT SIZE=2><BR>
A&nbsp;Delaware&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="40%"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit B-3</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=3,SEQ=80,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=758770,FOLIO='3',FILE='DISK023:[03DEN8.03DEN2148]LM2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ln2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ln2148_exhibit_c_form_of_seasonal_advance_request"> </A>
<A NAME="toc_ln2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT C<BR>  <BR>    Form of Seasonal Advance Request    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B><I>[insert on Borrower's letterhead]</I></B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
200&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>


<P><FONT SIZE=2><B><I>VIA OVERNIGHT COURIER  </I></B></FONT></P>

<P><FONT SIZE=2>THE
CIT GROUP/ BUSINESS CREDIT,&nbsp;INC.<BR>
Retail Finance Group<BR>
300 South Grand Avenue, Third Floor<BR>
Los Angeles, California 90071<BR>
Attn: Adrian Avalos </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>Re:</FONT></DT><DD><FONT SIZE=2><I>Seasonal Advance Request</I></FONT><FONT SIZE=2>. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>Ladies
and Gentlemen: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference
is made to the Financing Agreement, dated as of August&nbsp;4, 2003 (the </FONT><FONT SIZE=2><B>"Financing Agreement"</B></FONT><FONT SIZE=2>), by and among The CIT
GROUP/BUSINESS CREDIT,&nbsp;INC., a New York corporation ("</FONT><FONT SIZE=2><B>CITBC</B></FONT><FONT SIZE=2>"), the other lenders from time to time party hereto (CITBC and such other lenders are
collectively and individually referred to herein as the "</FONT><FONT SIZE=2><B>Lenders</B></FONT><FONT SIZE=2>"), CITBC as agent for the Lenders (hereinafter the
"</FONT><FONT SIZE=2><B>Agent</B></FONT><FONT SIZE=2>"), THE SPORTS AUTHORITY,&nbsp;INC., a Delaware corporation (formerly known as Gart Sports Company)
("</FONT><FONT SIZE=2><B>Parent</B></FONT><FONT SIZE=2>"), and each of the Subsidiaries of Parent identified on the signatory pages of the Financing Agreement (such Subsidiaries together with Parent
are collectively and individually, as well as jointly and severally, referred to hereinafter as the "</FONT><FONT SIZE=2><B>Borrowers</B></FONT><FONT SIZE=2>"). All initially capitalized terms used
herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned hereby requests Seasonal Advances for a period of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) days commencing on&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
200&nbsp;&nbsp;&nbsp;&nbsp;. Attached as
</FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> is a detailed account of each Seasonal Advance requested by Borrowers in the immediately preceding twelve (12)&nbsp;month period. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowers
hereby affirm to Agent that (i)&nbsp;all of Borrowers' representations and warranties set forth in the Financing Agreement are true, complete and accurate in all material
respects as of the date hereof, including, without limitation, the information set forth on </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2>attached hereto; (ii)&nbsp;no Default or
Event of Default has occurred and is continuing as of the date hereof or would result from the extension of credit requested hereunder; and (iii)&nbsp;after giving effect to the extension of credit
requested hereunder, the aggregate outstanding balance of the Revolving Loans and outstanding Letters of Credit owing by each of the Borrowers will not exceed the lesser of (a)&nbsp;the Line of
Credit or (b)&nbsp;(i) the Borrowing Base less (ii)&nbsp;any Availability Reserve(s) (excluding all obligations in respect of the outstanding amount of any Letters of Credit). </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Very truly yours,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
THE SPORTS AUTHORITY,&nbsp;INC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="50%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="50%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="50%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
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<BR>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit C-1</FONT></P>

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NAME="page_lo2148_1_1"> </A> </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lo2148_exhibit_#160;d"> </A>
<A NAME="lo2148_exhibit_d_form_of_borrowing_base_certificate_[see_attached]"> </A>
<A NAME="toc_lo2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT D    <BR>    <BR>    Form of Borrowing Base Certificate    <BR>    <BR>    </B></FONT><FONT SIZE=2><B><I>[see attached]</I></B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit D-1</FONT></P>

<HR NOSHADE>
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NAME="page_lp2148_1_1"> </A> </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lp2148_exhibit_#160;e"> </A>
<A NAME="lp2148_exhibit_e_form_of_general_cont__exh04143"> </A>
<A NAME="toc_lp2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT E    <BR>    <BR>    Form of General Continuing Guaranty    <BR>    <BR>    GENERAL CONTINUING GUARANTY<BR>  (All Non-Borrower Subsidiaries)    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>THIS GENERAL CONTINUING GUARANTY</B></FONT><FONT SIZE=2> (this "Guaranty") is executed and delivered as of August&nbsp;4, 2003, by
AUTHORITY INTERNATIONAL,&nbsp;INC., a Delaware corporation, OSHMAN SPORTING GOODS CO., GEORGIA, a Texas corporation, OSHMAN SPORTING GOODS CO., HAWAII, a Texas corporation, OSHMAN SPORTING GOODS
CO., LOUISIANA, a Texas corporation, OSHMAN SPORTING GOODS CO., NEW JERSEY, a Texas corporation, OSHMAN SPORTING GOODS CO., NEW YORK, a Texas corporation, OSHMAN SPORTING GOODS CO., OKLAHOMA, a Texas
corporation, OSHMAN SPORTING GOODS CO., TENNESSEE, a Texas corporation, and OSHMAN'S SPORTING GOODS,&nbsp;INC.&#151;SERVICES, a Delaware corporation (collectively the "Guarantors" and each
individually a "Guarantor"), each having a principal place of business at 1050 West Hampden Avenue, Englewood, Colorado 81110, in favor of THE CIT GROUP/BUSINESS CREDIT,&nbsp;INC., a New York
corporation ("CITBC") with offices located at 300 South Grand Avenue, Los Angeles, California 90071, the other lenders now and from time to time parties to the Financing agreement (as defined below)
(CITBC and such other lenders collectively and individually referred to herein as the "Lender Group"), and CITBC as agent for the Lender Group (in such capacity, together with its successors, if any,
in such capacity, the "Guarantied Party"), with reference to the following: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, Guarantied Party, as agent for the Lender Group, and Borrowers are entering into that certain Financing Agreement, dated as of
even date herewith (the "Financing Agreement"), and other instruments, documents, and agreements contemplated thereby or related thereto (collectively, together with the Financing Agreement, the "Loan
Documents"); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS,</B></FONT><FONT SIZE=2> in order to induce the Lender Group to extend financial accommodations to the Borrowers pursuant to the Financing Agreement, and
in consideration thereof, and in consideration of any loans or other financial accommodations heretofore or hereafter extended by the Lender Group to the Borrowers, whether pursuant to the Financing
Agreement or otherwise, each Guarantor has agreed to guaranty the Guarantied Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE,</B></FONT><FONT SIZE=2> in consideration of the foregoing, each Guarantor hereby agrees, in favor of Guarantied Party for the benefit of the
Lender Group, as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Definitions and Construction.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Definitions.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All initially capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to them in the Financing Agreement. The following terms, as used in this Guaranty, shall have the following meanings: </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Borrowers"
shall have the meaning ascribed thereto in the Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Debtors"
shall mean the Borrowers and the Guarantors. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Financing
Agreement" shall have the meaning ascribed thereto in the recitals to this Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Guarantied
Obligations" shall mean: (a)&nbsp;the due and punctual payment of the principal of, and interest (including, any and all interest which, but for the application of the
provisions of the Bankruptcy Code, would have accrued on such amounts) on, any and all premium on, and any and all fees, costs, and expenses incurred in connection with or on the Indebtedness owed by
each other Debtor to the Lender Group pursuant to the terms of the Financing Agreement or any of </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-1</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=83,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=63961,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LP2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lp2148_1_2"> </A>
<UL>
<BR>

<P><FONT SIZE=2>the
Loan Documents; and (b)&nbsp;the due and punctual payment of all other present or future Indebtedness or other Obligations owing by each other Debtor to the Lender Group. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Guarantied
Party" shall have the meaning set forth in the preamble to this Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Guarantor"
and "Guarantors" shall have the meanings set forth in the preamble to this Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Guaranty"
shall mean this Guaranty, as set forth in the preamble hereto, and any joinders, extensions, riders, supplements, notes, amendments, or modifications to or in connection with
this Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Indebtedness"
shall mean any and all obligations, indebtedness, or liabilities of any kind or character owed by a Debtor to the Lender Group and arising directly or indirectly out of or
in connection with the Financing Agreement or the Loan Documents, including all such obligations, indebtedness, or liabilities, whether for principal, interest (including any and all interest which,
but for the application of the provisions of the Bankruptcy Code, would have accrued on such amounts), premium, reimbursement obligations, fees, costs, expenses (including attorneys' fees), or
indemnity obligations, whether heretofore, now, or hereafter made, incurred, or created, whether voluntarily or involuntarily made, incurred, or created, whether secured or unsecured (and if secured,
regardless of the nature or extent of the security), whether absolute or contingent, liquidated or unliquidated, or determined or indeterminate, whether Debtor is liable individually or jointly with
others, and whether recovery is or hereafter becomes barred by any statute of limitations or otherwise becomes unenforceable for any reason whatsoever, including any act or failure to act by
Guarantied Party or the Lender Group. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Lender
Group" shall have the meaning set forth in the preamble to this Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Construction.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Unless the context of this Guaranty clearly requires otherwise, references to the plural
include the singular, references to the singular include the plural, the part includes the whole, the terms "include" and "including" are not limiting, and the term "or" has the inclusive meaning
represented by the phrase "and/or." The words "hereof," "herein," "hereby," "hereunder," "herewith," and other similar terms refer to this Guaranty as a whole and not to any particular provision of
this Guaranty. Any reference in this Guaranty to any of the following documents includes any and all alterations, amendments, restatements, extensions, modifications, renewals, or supplements thereto
or thereof, as applicable: the Financing Agreement; this Guaranty; and the other Loan Documents. Neither this Guaranty nor any uncertainty or ambiguity herein shall be construed or resolved against
Guarantied Party or any Guarantor, whether under any rule of construction or otherwise. On the contrary, this Guaranty has been reviewed by each Guarantor, Guarantied Party, the Lender Group and their
respective counsel, and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of Guarantied Party, the Lender
Group and each Guarantor. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Guarantied Obligations.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor hereby irrevocably and unconditionally guaranties to Guarantied Party
for the benefit of the Lender Group, as and for its own debt, until final and indefeasible payment thereof has been made: (a)&nbsp;the payment of the Guarantied Obligations, in each case when and as
the same shall become due and payable, whether at maturity, pursuant to a mandatory prepayment requirement, by acceleration, or otherwise; it being the intent of each Guarantor that the guaranty set
forth herein shall be a guaranty of payment and not a guaranty of collection; and (b)&nbsp;the punctual and faithful performance, keeping, observance, and fulfillment by each other Debtor of all of
the agreements, conditions, covenants, and obligations of such Debtor contained in the Financing Agreement, and under any of the Loan Documents. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-2</FONT></P>

<HR NOSHADE>
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<A NAME="page_lp2148_1_3"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Continuing Guaranty.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Guaranty includes Guarantied Obligations arising under successive transactions
continuing, compromising, extending, increasing, modifying, releasing, or renewing the Guarantied Obligations, changing the interest rate, payment terms, or other terms and conditions thereof, or
creating new or additional Guarantied Obligations after prior Guarantied Obligations have been satisfied in whole or in part. To the maximum extent permitted by law, each Guarantor hereby waives any
right to revoke this Guaranty as to future Indebtedness. If such a revocation is effective notwithstanding the foregoing waiver, each Guarantor acknowledges and agrees that: (a)&nbsp;no such
revocation shall be effective until written notice thereof has been received by Guarantied Party; (b)&nbsp;no such revocation shall apply to any Guarantied Obligations in existence on such date
(including any subsequent continuation, extension, or renewal thereof, or change in the interest rate, payment terms, or other terms and conditions thereof); (c)&nbsp;no such revocation shall apply
to any Guarantied Obligations made or created after such date to the extent made or created pursuant to a legally binding commitment of Guarantied Party in existence on the date of such revocation;
(d)&nbsp;no payment by any Debtor, or from any other source, prior to the date of such revocation shall reduce the maximum obligation of any Guarantor hereunder; and (e)&nbsp;any payment by any
Debtor or from any source other than such Guarantor subsequent to the date of such revocation shall first be applied to that portion of the Guarantied Obligations as to which the revocation is
effective and which are not, therefore, guarantied hereunder, and to the extent so applied shall not reduce the remaining maximum obligation of such Guarantor hereunder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Performance Under this Guaranty.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In the event that a Debtor fails to make any payment of any Guarantied
Obligations, on or before the due date thereof, or if a Debtor shall fail to perform, keep, observe, or fulfill any other obligation referred to in </FONT> <FONT SIZE=2><I>Section&nbsp;2(b)</I></FONT><FONT SIZE=2> hereof in the manner provided in the
Financing Agreement or the Loan Documents, as applicable, Guarantors immediately shall cause
such payment to be made or each of such obligations to be performed, kept, observed, or fulfilled. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Primary Obligations.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Guaranty is a primary and original obligation of Guarantor, is not merely the
creation of a surety relationship, and is an absolute, unconditional, and continuing guaranty of payment and performance which shall remain in full force and effect without respect to future changes
in conditions. Each Guarantor agrees that it is directly, jointly and severally with any other guarantor of the Guarantied Obligations, liable to Guarantied Party for the benefit of the Lender Group,
that the obligations of each Guarantor hereunder are independent of the obligations of the other Debtors, and that a separate action may be brought against any Guarantor, whether such action is
brought against any other Debtor or whether any such Debtor is joined in such action. Each Guarantor agrees that its liability hereunder shall be immediate and shall not be contingent upon the
exercise or enforcement by Guarantied Party, on behalf of the Lender Group, of whatever remedies it may have against another Debtor or any other guarantor, or the enforcement of any lien or
realization upon any security Guarantied Party may at any time possess. Each Guarantor agrees that any release which may be given by Guarantied Party on behalf of the Lender Group to another Debtor
shall not release such Guarantor. Each Guarantor consents and agrees that the Lender Group shall be under no obligation to marshal any property or assets of another Debtor or any other guarantor in
favor of such Guarantor, or against or in payment of any or all of the Guarantied Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Waivers.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the fullest extent permitted by applicable law, each Guarantor hereby waives: (i)&nbsp;notice of acceptance hereof; (ii)&nbsp;notice of any loans or other
financial accommodations made or extended under the Financing Agreement, or the creation or existence of any Guarantied Obligations; (iii)&nbsp;notice of the amount of the Guarantied Obligations,
subject, however, to such Guarantor's right to make inquiry of Guarantied Party to ascertain the amount of the Guarantied Obligations at any reasonable time; (iv)&nbsp;notice of any adverse change
in the financial condition of any other Debtor or of any other fact that might increase such Guarantor's risk hereunder; (v)&nbsp;notice of presentment for payment, demand, protest, and notice
thereof as to any instrument among the </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-3</FONT></P>

<HR NOSHADE>
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<A NAME="page_lp2148_1_4"> </A>
<UL>

<P><FONT SIZE=2>Financing
Agreement and any of the Loan Documents; (vi)&nbsp;notice of any Default or Event of Default under the Financing Agreement or any of the Loan Documents; and (vii)&nbsp;all other notices
(except if such notice is specifically required to be given to such Guarantor under this Guaranty or any other Loan Documents to which such Guarantor is a party) and demands to which such Guarantor
might otherwise be entitled. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the fullest extent permitted by applicable law, each Guarantor waives the right by statute or otherwise to require any member of the Lender Group to institute suit
against another Debtor or to exhaust any rights and remedies which any member of the Lender Group has or may have against another Debtor. In this regard, each Guarantor agrees that it is bound to the
payment of each and all Guarantied Obligations, whether now existing or hereafter arising, as fully as if such Guarantied Obligations were directly owing to the Lender Group by such Guarantor. Each
Guarantor further waives any defense arising by reason of any disability or other defense (other than the defense that the Guarantied Obligations shall have been fully and finally performed and
indefeasibly paid in full in cash) of such Guarantor or by reason of the cessation from any cause whatsoever of the liability of such Guarantor in respect thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the fullest extent permitted by applicable law, each Guarantor hereby waives: (i)&nbsp;any rights to assert against any member of the Lender Group any defense (legal
or equitable), set-off, counterclaim, or claim which such Guarantor may now or at any time hereafter have against another Debtor or any other party liable to any member of the Lender
Group; (ii)&nbsp;any defense, set-off, counterclaim, or claim, of any kind or nature, arising directly or indirectly from the present or future lack of perfection, sufficiency, validity,
or enforceability of the Guarantied Obligations or any security therefor; (iii)&nbsp;any defense arising by reason of any claim or defense based upon an election of remedies by any member of the
Lender Group including any defense based upon an election of remedies by any member of the Lender Group under the provisions of Sections 580d and 726 of the California Code of Civil Procedure, or any
similar law of California or any other jurisdiction; (iv)&nbsp;the benefit of any statute of limitations affecting such Guarantor's liability hereunder or the enforcement thereof, and any act which
shall defer or delay the operation of any statute of limitations applicable to the Guarantied Obligations shall similarly operate to defer or delay the operation of such statute of limitations
applicable to such Guarantor's liability hereunder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Until
such time as all of the Guarantied Obligations have been fully, finally, and indefeasibly paid in full in cash: (i)&nbsp;each Guarantor hereby waives and
postpones any right of subrogation such Guarantor has or may have as against another Debtor with respect to the Guarantied Obligations; (ii)&nbsp;in addition,
each Guarantor hereby waives and postpones any right to proceed against another Debtor or any other Person, now or hereafter, for contribution, indemnity, reimbursement, or any other suretyship rights
and claims (irrespective of whether direct or indirect, liquidated or contingent), with respect to the Guarantied Obligations; and (iii)&nbsp;in addition, each Guarantor also hereby waives and
postpones any right to proceed or to seek recourse against or with respect to any property or asset of another Debtor with respect to the Guaranties Obligations. Each Guarantor hereby agrees that, in
light of the waivers contained in this Section. such Guarantor shall not be deemed to be a "creditor" (as that term is defined in the Bankruptcy Code or otherwise) of Debtor, whether for purposes of
the application of Sections 547 or 550 of the Bankruptcy Code or otherwise. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any of the Guarantied Obligations at any time are secured by a mortgage or deed of trust upon real property, Guarantied Party, on behalf of the Lender Group, may
elect, in its sole discretion, upon a default with respect to the Guarantied Obligations, to foreclose such mortgage or deed of trust judicially or nonjudicially in any manner permitted by law, before
or after enforcing this Guaranty, without diminishing or affecting the liability of any Guarantor hereunder. Each Guarantor understands that: (a)&nbsp;by virtue of the operation of California's
antideficiency law applicable to nonjudicial foreclosures, an election by Guarantied Party, on behalf of the Lender </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-4</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=4,SEQ=86,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=866234,FOLIO='4',FILE='DISK023:[03DEN8.03DEN2148]LP2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lp2148_1_5"> </A>
<UL>
<BR>

<P><FONT SIZE=2>Group,
nonjudicially to foreclose such a mortgage or deed of trust probably would have the effect of impairing or destroying rights of subrogation, reimbursement, contribution, or indemnity of any
Guarantor against another Debtor or other guarantors or sureties; and (b)&nbsp;absent the waiver given by each Guarantor herein, such an election would estop Guarantied Party from enforcing this
Guaranty against such Guarantor. Understanding the foregoing, and understanding that each Guarantor is hereby relinquishing a defense to the enforceability of this Guaranty, each Guarantor hereby
waives any right to assert against any member of the Lender Group any defense to the enforcement of this Guaranty, whether denominated "estoppel" or otherwise, based on or arising from an election by
Guarantied Party nonjudicially to foreclose any such mortgage or deed of trust. Each Guarantor understands that the effect of the foregoing waiver may be that such Guarantor may have liability
hereunder for amounts with respect to which such Guarantor may be left without rights of subrogation, reimbursement, contribution, or indemnity against another Debtor or other guarantors or sureties.
Each Guarantor also agrees that the "fair market value" provisions of Section&nbsp;580a of the California Code of Civil Procedure shall have no applicability with respect to the determination of
such Guarantor's liability under this Guaranty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Without
limiting the generality of any other waiver or other provision set forth in this Guaranty, each Guarantor waives all rights and defenses that such Guarantor may
have because another Debtor's debt is secured by real property. This means, among other things: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;Any
member of the Lender Group may collect from any Guarantor without first foreclosing on any real or personal property collateral pledged by another Debtor. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;If
any member of the Lender Group forecloses on any real property collateral pledged by any Debtor: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;the
amount of the Obligations may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the
sale price; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;Any
member of the Lender Group may collect from any Guarantor even if such member of the Lender Group, by foreclosing on the real property collateral, has destroyed any
right such Guarantor may have to collect from another Debtor. </FONT></P>

</UL>
</UL>
</UL>

<P><FONT SIZE=2>This
is an unconditional and irrevocable waiver of any rights and defenses each Guarantor may have because another Debtor's Obligations are secured by real property. These rights and defenses include,
but are not limited to, any rights or defenses based upon Section&nbsp;580a, 580b, 580d, or 726 of the California Code of Civil Procedure. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WITHOUT
LIMITING THE GENERALITY OF ANY OTHER WAIVER OR OTHER PROVISION SET FORTH IN THIS GUARANTY, EACH GUARANTOR HEREBY WAIVES, TO THE MAXIMUM EXTENT SUCH WAIVER IS
PERMITTED BY LAW, ANY AND ALL BENEFITS OR DEFENSES ARISING DIRECTLY OR INDIRECTLY UNDER ANY ONE OR MORE OF CALIFORNIA CIVIL CODE SECTIONS 2799, 2808, 2809, 2810, 2815, 2819, 2820, 2821, 2822, 2838,
2839, 2845, 2847, 2848, 2849, AND 2850, CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 580a, 580b, 580c, 580d, AND 726, AND CHAPTER 2 OF TITLE 14 OF THE CALIFORNIA CIVIL CODE OR ANY SIMILAR LAW. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WITHOUT
LIMITING THE GENERALITY OF ANY OTHER WAIVER OR OTHER PROVISION SET FORTH IN THIS GUARANTY, EACH GUARANTOR WAIVES ALL RIGHTS AND DEFENSES ARISING OUT OF AN
ELECTION OF REMEDIES BY ANY MEMBER OF THE LENDER GROUP, EVEN THOUGH THAT ELECTION OF REMEDIES, SUCH AS A NONJUDICIAL FORECLOSURE WITH RESPECT TO SECURITY FOR A GUARANTIED OBLIGATION, HAS DESTROYED
SUCH GUARANTOR'S RIGHTS OF SUBROGATION AND REIMBURSEMENT AGAINST THE DEBTORS BY THE </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-5</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=5,SEQ=87,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=393373,FOLIO='5',FILE='DISK023:[03DEN8.03DEN2148]LP2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lp2148_1_6"> </A>
<UL>
<BR>

<P><FONT SIZE=2>OPERATION
OF SECTION 580d OF THE CALIFORNIA CODE OF CIVIL PROCEDURE OR OTHERWISE. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Releases.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor consents and agrees that, without notice to or by another Debtor and without
affecting or impairing the obligations of any Guarantor hereunder, Guarantied Party may, by action or inaction, compromise or settle, extend the period of duration or the time for the payment, or
discharge the performance of, or may refuse to, or otherwise not enforce, or may, by action or inaction, release all or any one or more parties to, any one or more of the terms and provisions of the
Financing Agreement or any of the Loan Documents or may grant other indulgences to another Debtor in respect thereof, or may amend or modify in any manner and at any time (or from time to time) any
one or more of the Financing Agreement or any of the Loan Documents, or may, by action or inaction, release or substitute any other guarantor, if any, of the Guarantied Obligations, or may enforce,
exchange, release, or waive, by action or inaction, any security for the Guarantied Obligations or any other guaranty of the Guarantied Obligations, or any portion thereof. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;No Election.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Guarantied Party shall have the right to seek recourse against any Guarantor to the fullest
extent provided for herein and no election by Guarantied Party to proceed in one form of action or proceeding, or against any party, or on any obligation, shall constitute a waiver of Guarantied
Party's right to proceed in any other form of action or proceeding or against other parties unless Guarantied Party has expressly waived such right in writing. Specifically, but without limiting the
generality of the foregoing, no action or proceeding by Guarantied Party under any document or instrument evidencing the Guarantied Obligations shall serve to diminish the liability of any Guarantor
under this Guaranty except to the extent that Guarantied Party finally and unconditionally shall have realized indefeasible payment by such action or proceeding. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Indefeasible Payment.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Guarantied Obligations shall not be considered indefeasibly paid for purposes of
this Guaranty unless and until all payments to the Lender Group are no longer subject to any right on the part of any person whomsoever, including any Debtor, any Debtor as a debtor in possession, or
any trustee (whether appointed under the Bankruptcy Code or otherwise) of Debtor's assets to invalidate or set aside such payments or to seek to recoup the amount of such payments or any portion
thereof, or to declare same to be fraudulent or preferential. In the event that, for any reason, all or any portion of such payments to the Lender Group is set aside or restored, whether voluntarily
or involuntarily, after the making thereof, the obligation or part thereof intended to be satisfied thereby shall be revived and continued in full force and effect as if said payment or payments had
not been made and each Guarantor shall be Liable for the full amount the Lender Group is required to repay plus any and all costs and expenses (including attorneys fees) paid by the Lender Group in
connection therewith. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Financial Condition of Debtor.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor represents and warrants to the Lender Group that it is
currently informed of the financial condition of each other Debtor and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Guarantied
Obligations. Each Guarantor further represents and warrants to the Lender Group that it has read and understands the terms and conditions of the Financing Agreement and the Loan Documents. Each
Guarantor hereby covenants that it will continue to keep itself informed of each other Debtor's financial condition, and of all other circumstances which bear upon the risk of nonpayment or
nonperformance of the Guarantied Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Subordination.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor hereby agrees that any and all present and future indebtedness of a Debtor
owing to any Guarantor is postponed in favor of and subordinated to payment, in full, in cash, of the Guarantied Obligations. In this regard, except as and to the extent expressly permitted by the
Financing Agreement, no payment of any kind whatsoever shall be made with respect to such indebtedness until the Guarantied Obligations have been indefeasibly paid in full in cash. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-6</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=6,SEQ=88,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=1001361,FOLIO='6',FILE='DISK023:[03DEN8.03DEN2148]LP2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lp2148_1_7"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Payments; Application.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All payments to be made hereunder by any Guarantor shall be made in lawful money of
the United States of America at the time of payment, shall be made in immediately available funds, and shall be made without deduction (whether for taxes or otherwise) or offset. All payments made by
any Guarantor hereunder shall be applied as follows: </FONT><FONT SIZE=2><I>first</I></FONT><FONT SIZE=2>, to all reasonable costs and expenses (including attorneys fees) incurred by the Lender Group
in enforcing this Guaranty or in collecting the Guarantied Obligations; </FONT><FONT SIZE=2><I>second</I></FONT><FONT SIZE=2>, to all accrued and unpaid interest, premium, if any, and fees owing to
the Lender Group constituting Guarantied Obligations; and </FONT><FONT SIZE=2><I>third</I></FONT><FONT SIZE=2>, to the balance of the Guarantied Obligations. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Attorneys Fees and Costs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each Guarantor agrees to pay, on demand, all reasonable attorneys fees and all
other reasonable costs and expenses which may be incurred by the Lender Group in the enforcement of this Guaranty or in any way arising out of, or consequential to the protection, assertion, or
enforcement of the Guarantied Obligations (or any security therefor), irrespective of whether suit is brought. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Notices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise specifically provided in this Guaranty, any notice or other communication relating
to this Guaranty shall be made in accordance with the terms of the Financing Agreement and sent, in the case of Guarantors or to Guarantied Party, as the case may be, at its addresses set forth in the
preamble to this Guaranty to the attention of the individuals set forth below: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="63%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>If to Guarantors:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2>Attn: Chief Financial Officer<BR>
Facsimile No.: (303)&nbsp;830-9282</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2><BR>
If to Guarantied Party:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2><BR>
Attn: Regional Manager<BR>
Facsimile No.: (213)&nbsp;613-2588</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Cumulative Remedies.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No remedy under this Guaranty, under the Financing Agreement, or any other Loan
Document is intended to be exclusive of any other remedy, but each and every remedy shall be cumulative and in addition to any and every other remedy given under this Guaranty, under the Financing
Agreement, or any other Loan Document, and those provided by law. No delay or omission by any member of the Lender Group to exercise any right under this Guaranty shall impair any such right nor be
construed to be a waiver thereof. No failure on the part of any member of the Lender Group to exercise, and no delay in exercising, any right under this Guaranty shall operate as a waiver thereof; nor
shall any single or partial exercise of any right under this Guaranty preclude any other or further exercise thereof or the exercise of any other right. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Severability of Provisions.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Any provision of this Guaranty which is prohibited or unenforceable under
applicable law shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Entire Agreement; Amendments.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Guaranty constitutes the entire agreement between Guarantors and the
Lender Group or Guarantied Party on behalf thereof pertaining to the subject matter contained herein. This Guaranty may not be altered, amended, or modified, nor may any provision hereof be waived or
noncompliance therewith consented to, except by means of a writing executed by each Guarantor and Guarantied Party on behalf of the Lender Group. Any such alteration, amendment, modification, waiver,
or consent shall be effective only to the extent specified therein and for the specific purpose for which given. No course of dealing and no delay or waiver of any right or default under this Guaranty
shall be deemed a waiver of any other, similar or dissimilar, right or default or otherwise prejudice the rights and remedies hereunder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Successors and Assigns.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Guaranty shall be binding upon each Guarantor and its successors and assigns
and shall inure to the benefit of the successors and assigns of the Lender Group or Guarantied Party on behalf thereof; provided, however, each Guarantor shall not assign this Guaranty or delegate any
of its duties hereunder without Guarantied Party's prior written consent and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-7</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=7,SEQ=89,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=691236,FOLIO='7',FILE='DISK023:[03DEN8.03DEN2148]LP2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lp2148_1_8"> </A>
<BR>

<P><FONT SIZE=2>any
unconsented to assignment shall be absolutely void. In the event of any assignment or other transfer of rights by the Lender Group or Guarantied Party on behalf thereof, the rights and benefits
herein conferred upon the Lender Group or Guarantied Party, on behalf thereof, shall automatically extend to and be vested in such assignee or other transferee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;No Third Party Beneficiary.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Guaranty is solely for the benefit of Guarantied Party, the Lender Group
and its successors and assigns and may not be relied on by any other Person. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Choice of Law and Venue; Jury Trial Waiver.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE
VALIDITY OF THIS GUARANTY, ITS CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT, AND THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR
RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE
PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS GUARANTY SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND FEDERAL COURTS LOCATED IN
THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA OR AT THE SOLE OPTION OF GUARANTIED PARTY, IN ANY OTHER COURT IN WHICH GUARANTIED PARTY, ON BEHALF OF THE LENDER GROUP, SHALL INITIATE LEGAL OR EQUITABLE
PROCEEDINGS AND WHICH HAS SUBJECT MATTER JURISDICTION OVER THE MATTER IN CONTROVERSY. EACH GUARANTOR AND GUARANTIED PARTY, ON BEHALF OF THE LENDER GROUP, WAIVES, TO THE EXTENT PERMITTED UNDER
APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 20. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EACH
GUARANTOR AND GUARANTIED PARTY, ON BEHALF OF THE LENDER GROUP, HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF THIS GUARANTY OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH GUARANTOR
AND GUARANTIED PARTY, ON BEHALF OF THE LENDER GROUP, REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>[remainder of this page intentionally left blank; signatures to follow]</I></B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-8</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=8,SEQ=90,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=998588,FOLIO='8',FILE='DISK023:[03DEN8.03DEN2148]LP2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_lq2148_1_9"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, the undersigned has executed and delivered this Guaranty as of the date first written above. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN SPORTING GOODS CO., HAWAII,<BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN SPORTING GOODS CO., GEORGIA,<BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN SPORTING GOODS CO., NEW&nbsp;YORK,<BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN SPORTING GOODS CO., NEW&nbsp;JERSEY,<BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN SPORTING GOODS CO., OKLAHOMA,<BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-9</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=91,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=50217,FOLIO='9',FILE='DISK023:[03DEN8.03DEN2148]LQ2148A.;12',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<A NAME="page_lq2148_1_10"> </A>
<!-- end of table folio -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN SPORTING GOODS CO., TENNESSEE,<BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN SPORTING GOODS CO., LOUISIANA,<BR>
a Texas corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
OSHMAN'S SPORTING GOODS,&nbsp;INC.&#151;SERVICES,<BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
AUTHORITY INTERNATIONAL,&nbsp;INC.,<BR>
a Delaware corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit E-10</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=92,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=989145,FOLIO='10',FILE='DISK023:[03DEN8.03DEN2148]LQ2148A.;12',USER='DTAYLOR',CD='13-AUG-2003;08:49' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_lr2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lr2148_exhibit_#160;f"> </A>
<A NAME="lr2148_exhibit_f_form_of_stock_pledge__exh02521"> </A>
<A NAME="toc_lr2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT F    <BR>    <BR>    Form of Stock Pledge Agreement    <BR>    <BR>    STOCK PLEDGE AGREEMENT<BR>
(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>THIS STOCK PLEDGE AGREEMENT</B></FONT><FONT SIZE=2> (this "Agreement") is entered into as of August&nbsp;4, 2003, by and among THE CIT
GROUP/BUSINESS CREDIT,&nbsp;INC., a New York corporation ("CITBC") with offices located at 300 South Grand Avenue, Los Angeles, California 90071, the other lenders now and from time to time parties
to the Financing Agreement (as defined below) (CITBC and such other lenders are collectively and individually referred to herein as the "Lender Group"), CITBC as agent for the Lender Group (in such
capacity, the "Secured Party"), and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, a&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;("Pledgor"), having a principal place of business at 1050 West
Hampden Avenue, Englewood, Colorado 81110, with reference to the
following facts: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, the undersigned Pledgor beneficially owns the specified number of shares identified as Pledged Shares in the Persons identified
as Issuers on </FONT><FONT SIZE=2><I>Schedule&nbsp;A</I></FONT><FONT SIZE=2> attached hereto (or any addendum thereto); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, Secured Party, as agent for the Lender Group, and Borrowers are entering into that certain Financing Agreement, dated as of even
date herewith (the "Financing Agreement"), and other instruments, documents, and agreements contemplated thereby or related thereto (collectively, together with the Financing Agreement, the "Loan
Documents"); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, to induce the Lender Group to make the financial accommodations provided to Borrowers pursuant to the Financing Agreement,
Pledgor desires to pledge, grant, transfer, and assign to Secured Party a security interest in the Collateral (as hereinafter defined) to secure the Secured Obligations (as hereinafter defined), as
provided herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE</B></FONT><FONT SIZE=2>, in consideration of the mutual promises, covenants, representations, and warranties set forth herein and for other good
and valuable consideration, the parties hereto agree as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Definitions And Construction.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Definitions.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All initially capitalized terms used herein and not otherwise defined herein shall have the
meaning ascribed thereto in the Financing Agreement. The following terms, as used in this Agreement, shall have the following meanings: </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Agreement"
shall mean this Stock Pledge Agreement, as set forth in the preamble hereto, and any joinders, extensions, riders, supplements, notes, amendments, or modifications to or in
connection with this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Borrowers"
shall have the meaning ascribed thereto in the Financing Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Collateral"
shall mean the Pledged Shares, the Future Rights, and the Proceeds, collectively. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Debtor's
Location" shall mean where such Pledgor is deemed located pursuant to Section&nbsp;9307 of the UCC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Financing
Agreement" shall have the meaning ascribed thereto in the recitals to this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Future
Rights" shall mean: (a)&nbsp;all shares of stock (other than Pledged Shares) of the Issuers, and all securities convertible or exchangeable into, and all warrants, options, or
other rights to purchase, shares of stock of, in each case, the Issuers; (b)&nbsp;to the extent of Pledgor's interest therein, all shares of, all securities convertible or exchangeable into, and all
warrants, options, or </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-1</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=93,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=558305,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_2"> </A>
<UL>
<BR>

<P><FONT SIZE=2>other
rights to purchase shares of stock of any Person in which Pledgor, after the date of this Agreement, acquires a direct equity interest, but solely to the extent such Person is or becomes a
Subsidiary of Pledgor; and (c)&nbsp;the certificates or instruments representing such additional shares, convertible or exchangeable securities, warrants, and other rights and all dividends, cash,
options, warrants, rights, instruments, and other property or proceeds from time to time received, receivable, or otherwise distributed in respect of or in exchange for any or all of such shares. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Holder"
and "Holders" shall have the meanings ascribed thereto in </FONT><FONT SIZE=2><I>Section&nbsp;3</I></FONT><FONT SIZE=2> of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Issuers"
shall mean each of the Persons identified as an Issuer on </FONT><FONT SIZE=2><I>Schedule&nbsp;A</I></FONT><FONT SIZE=2> attached hereto (or any addendum thereto), and any
successors thereto, whether by merger or otherwise. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Lender
Group" shall have the meaning ascribed thereto in the preamble to this Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Pledged
Shares" shall mean all of the shares identified as Pledged Shares on </FONT><FONT SIZE=2><I>Schedule&nbsp;A</I></FONT><FONT SIZE=2> attached hereto (or any addendum thereto). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Pledgor"
shall have the meaning ascribed thereto in the preamble to this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Proceeds"
shall mean all proceeds (including proceeds of proceeds) of the Pledged Shares and Future Rights including all: (a)&nbsp;rights, benefits, distributions, premiums, profits,
dividends, interest, cash, instruments, documents of title, accounts, contract rights, inventory, equipment, general intangibles, Blocked Accounts, chattel paper, and other property from time to time
received, receivable, or otherwise distributed in respect of or in exchange for, or as a replacement of or a substitution for, any of the Pledged Shares, Future Rights, or proceeds thereof (including
any cash, stock, or other securities or instruments issued after any recapitalization, readjustment, reclassification, merger or consolidation with respect to the Issuers and any security
entitlements, as defined in Section&nbsp;8102(a)(17) of the UCC, with respect thereto); (b)&nbsp;"proceeds," as such term is used in Section&nbsp;9315 of the UCC; (c)&nbsp;proceeds of any
insurance, indemnity, warranty, or guaranty (including guaranties of delivery) payable from time to time with respect to any of the Pledged Shares, Future Rights, or proceeds thereof;
(d)&nbsp;payments (in any form whatsoever) made or due and payable to Pledgor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any
part of the Pledged Shares, Future Rights, or proceeds thereof; and (e)&nbsp;other amounts from time to time paid or payable under or in connection with any of the Pledged Shares, Future Rights, or
proceeds thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Secured
Obligations" shall mean all liabilities, obligations, or undertakings owing by Pledgor to Lender Group of any kind or description arising out of or outstanding under, advanced
or issued pursuant to, or evidenced by the Financing Agreement, any other Loan Document to which Pledgor is a party, or this Agreement, irrespective of whether for the payment of money, whether direct
or indirect, absolute or contingent, due or to become due, voluntary or involuntary, whether now existing or hereafter arising, and including all interest (including interest that accrues after the
filing of a case under the Bankruptcy Code) and any and all costs, fees (including attorneys fees), and expenses which Pledgor is required to pay pursuant to any of the foregoing, by law, or
otherwise. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Secured
Party" shall have the meaning ascribed thereto in the preamble to this Agreement, together with its successors or assigns. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"Securities
Act" shall have the meaning ascribed thereto in </FONT><FONT SIZE=2><I>Section&nbsp;9(c)</I></FONT><FONT SIZE=2> of this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Construction.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;Unless
the context of this Agreement clearly requires otherwise, references to the plural include the singular and to the singular include the plural, the part includes
the whole, </FONT></P>

</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-2</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=94,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=850299,FOLIO='2',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_3"> </A>
<UL>
<UL>

<P><FONT SIZE=2>the
term "including" is not limiting, and the term "or" has, except where otherwise indicated, the inclusive meaning represented by the phrase "and/or." The words "hereof," "herein," "hereby,"
"hereunder," "herewith," and other similar terms in this Agreement refer to this Agreement as a whole and not exclusively to any particular provision of this Agreement. Article, section, subsection,
exhibit, and schedule references are to this Agreement unless otherwise specified. All of the exhibits or schedules attached to this Agreement shall be deemed incorporated herein by reference. Any
reference to any of the following documents includes any and all alterations, amendments, restatements, extensions, modifications, renewals, or supplements thereto or thereof, as applicable: this
Agreement, the Financing Agreement, or any of the other Loan Documents. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;Neither
this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against Secured Party or Pledgor, whether under any rule of construction
or otherwise. On the contrary, this Agreement has been reviewed by both of the parties and their respective counsel and shall be construed and interpreted according to the ordinary meaning of the
words used so as to fairly accomplish the purposes and intentions of the parties hereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;In
the event of any direct conflict between the express terms and provisions of this Agreement and of the Financing Agreement, the terms and provisions of the
Financing Agreement shall control. </FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Pledge.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As security for the prompt payment and performance of the Secured Obligations when due, whether at
stated maturity, by acceleration or otherwise, Pledgor hereby pledges, grants, transfers, and assigns to Secured Party, for the benefit of the Lender Group, a security interest in all of Pledgor's
right, title, and interest in and to the Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Delivery and Registration of Collateral.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
certificates or instruments representing or evidencing the Collateral shall be promptly delivered by Pledgor to Secured Party, for the benefit of the Lender Group, or
Secured Party's designee pursuant hereto at a location designated by Secured Party and shall be held by or on behalf of Secured Party, for the benefit of the Lender Group, pursuant hereto, and shall
be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Secured Party. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the occurrence and during the continuance of an Event of Default, Secured Party, for the benefit of the Lender Group, shall have the right, at any time in its
discretion and without notice to Pledgor, except to the extent required by applicable law, to transfer to or to register on the books of the Issuers (or of any other Person maintaining records with
respect to the Collateral) in the name of Secured Party or any of its nominees any or all of the Collateral. In addition, Secured Party shall have the right at any time to exchange certificates or
instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If,
at any time and from time to time, any Collateral (including any certificate or instrument representing or evidencing any Collateral) is in the possession of a Person
other than Secured Party or Pledgor (a "Holder"), then Pledgor shall immediately, at Secured Party's option, either cause such Collateral to be delivered into Secured Party's possession, or execute
and deliver to such Holder a written notification/instruction, and take all other steps necessary to perfect the security interest of Secured Party in such Collateral, including obtaining from such
Holder a written acknowledgement that such Holder holds such Collateral for Secured Party, all pursuant to Section&nbsp;9313 of the UCC or other applicable law governing the perfection of Secured
Party's security interest in the Collateral in the possession of such Holder. Each such notification/instruction and acknowledgement shall be in form and substance satisfactory to Secured Party. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-3</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=3,SEQ=95,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=86619,FOLIO='3',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_4"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
and all Collateral (including dividends, interest, and other cash distributions) at any time received or held by Pledgor shall be so received or held in trust for
Secured Party, for the benefit of the Lender Group, shall be segregated from other funds and property of Pledgor and shall be forthwith delivered to Secured Party in the same form as so received or
held, with any necessary endorsements; provided that cash dividends or distributions received by Pledgor, if and to the extent they are not prohibited by the Financing Agreement, may be retained by
Pledgor in accordance with </FONT><FONT SIZE=2><I>Section&nbsp;4</I></FONT><FONT SIZE=2> of this Agreement and used in the ordinary course of Pledgor's business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
at any time and from time to time any Collateral consists of an uncertificated security or a security in book entry form, then Pledgor shall immediately cause such
Collateral to be registered or entered, as the case may be, in the name of Secured Party, for the benefit of the Lender Group, or otherwise cause Secured Party's security interest thereon to be
perfected in accordance with applicable law. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Voting Rights and Dividends.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So
long as no Event of Default shall have occurred and be continuing, Pledgor shall be entitled to exercise any and all voting and other consensual rights pertaining to
the Collateral or any part thereof for any purpose not inconsistent with the terms of the Financing Agreement or any of the Loan Documents and shall be entitled to receive and retain any cash
dividends or distributions paid in respect of the Collateral, if and to the extent they are not prohibited by the Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the occurrence and during the continuance of an Event of Default, all rights of Pledgor to exercise the voting and other consensual rights pertaining to the
Collateral to receive and retain cash dividends or distributions that it would otherwise be entitled to exercise or receive and retain, as applicable pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;4(a)</I></FONT><FONT SIZE=2> of this Agreement,
shall cease, and all such rights shall thereupon become vested in Secured Party, who shall thereupon have the
sole right, at any time in its discretion and without notice to Pledgor to exercise such voting or other consensual rights and to receive and retain such cash dividends and distributions. Pledgor
shall execute and deliver (or cause to be executed and delivered) to Secured Party all such proxies and other instruments as Secured Party may reasonably request for the purpose of enabling Secured
Party to exercise the voting and other rights which it is entitled to exercise and to receive the dividends and distributions that it is entitled to receive and retain pursuant to the preceding
sentence. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Representations and Warranties.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pledgor represents, warrants, and covenants as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor
has taken all steps it deems necessary or appropriate to be informed on a continuing basis of changes or potential changes affecting the Collateral (including
rights of conversion and exchange, rights to subscribe, payment of dividends, reorganizations or recapitalization, tender offers and voting rights), and Pledgor agrees that Secured Party shall have no
responsibility or liability for informing Pledgor of any such changes or potential changes or for taking any action or omitting to take any action with respect thereto; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
information herein or hereafter supplied to Secured Party by or on behalf of Pledgor in writing with respect to the Collateral is, or in the case of information
hereafter supplied will be, taken together with all related information so provided, accurate and complete in all material respects; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor
is and will be the sole legal and beneficial owner of the Collateral (including the Pledged Shares and all other Collateral acquired by Pledgor after the date
hereof) free and clear of any adverse claim, lien, or other right, title, or interest of any party other than the liens in favor of Secured Party, for the benefit of the Lender Group; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-4</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=4,SEQ=96,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=121675,FOLIO='4',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_5"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement, and the delivery to Secured Party, for the benefit of the Lender Group, of the Pledged Shares representing Collateral (or the delivery to all Holders of
the Pledged Shares representing Collateral of the notification/instruction referred to in </FONT><FONT SIZE=2><I>Section&nbsp;3</I></FONT><FONT SIZE=2> of this Agreement), creates a valid,
perfected, and first priority security interest in one hundred percent (100%) of the Pledged Shares in favor of Secured Party securing payment of the Secured Obligations, and all actions necessary to
achieve such perfection have been duly taken; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Schedule&nbsp;A</I></FONT><FONT SIZE=2> to this Agreement is true and correct and complete in all material respects; without limiting the
generality of the foregoing: (i)&nbsp;all the Pledged Shares are in certificated form, and, except to the extent registered in the name of Secured Party or its nominee pursuant to the provisions of
this Agreement, are registered in the name of Pledgor; and (ii)&nbsp;the Pledged Shares as to each of the Issuers constitute at least the percentage of all the fully diluted issued and outstanding
shares of stock of such Issuer as set forth in </FONT><FONT SIZE=2><I>Schedule&nbsp;A</I></FONT><FONT SIZE=2> to this Agreement; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no presently existing Future Rights or Proceeds owned by Pledgor, except as set forth in </FONT><FONT SIZE=2><I>Schedule&nbsp;C</I></FONT><FONT SIZE=2>
hereto; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Pledged Shares have been duly authorized and validly issued and are fully paid and nonassessable; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither
the pledge of the Collateral pursuant to this Agreement nor the extensions of credit represented by the Secured Obligations violates Regulation&nbsp;T, U or X
of the Board of Governors of the Federal Reserve System. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Further Assurances.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor
agrees that from time to time, at the expense of Pledgor, Pledgor will promptly execute and deliver all further instruments and documents, and take all further
action that may be necessary or reasonably desirable, or that Secured Party may request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable
Secured Party to exercise and enforce
its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, Pledgor will at the written request of Secured Party: (i)&nbsp;mark conspicuously
each of its records pertaining to the Collateral with a legend, in form and substance reasonably satisfactory to Secured Party, indicating that such Collateral is subject to the security interest
granted hereby; (ii)&nbsp;execute and file such financing or continuation statements, or amendments thereto, and such other instruments or notices, as may be necessary or reasonably desirable, or as
Secured Party may request, in order to perfect and preserve the security interests granted or purported to be granted hereby; (iii)&nbsp;allow inspection of the Collateral by Secured Party or
Persons designated by Secured Party to the extent provided in the Financing Agreement; and (iv)&nbsp;appear in and defend any action or proceeding that may affect Pledgor's title to or Secured
Party's security interest in the Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor
hereby authorizes Secured Party, for the benefit of the Lender Group, to file one or more financing or continuation statements, and amendments thereto, relative
to all or any part of the Collateral without the signature of Pledgor where permitted by law. A carbon, photographic, or other reproduction of this Agreement or any financing statement covering the
Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Covenants of Pledgor.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pledgor shall: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perform
each and every covenant in the Financing Agreement and Loan Documents applicable to Pledgor; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
all times keep at least one complete set of its records concerning substantially all of the Collateral at the location set forth in </FONT> <FONT SIZE=2><I>Schedule&nbsp;B</I></FONT><FONT SIZE=2> hereto; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-5</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=5,SEQ=97,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=121051,FOLIO='5',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_6"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent it may lawfully do so, use its best efforts to prevent the Issuers from issuing Future Rights or Proceeds, except for cash dividends and other
distributions, if any, that are not prohibited by the terms of the Financing Agreement to be paid by any Issuer to Pledgor; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
receipt by Pledgor of any material notice, report, or other communication from any of the Issuers or any Holder relating to all or any part of the Collateral,
deliver such notice, report or other communication to Secured Party as soon as possible, but in no event later than five (5)&nbsp;days following the receipt thereof by Pledgor. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Secured Party as Pledgor's Attorney-in-Fact.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor
hereby irrevocably appoints Secured Party as Pledgor's attorney-in-fact, with full authority in the place and stead of Pledgor and in the
name of Pledgor, Secured Party or otherwise, from time to time at Secured Party's discretion, to take any action and to execute any instrument that Secured Party may reasonably deem necessary or
advisable to accomplish the purposes of this Agreement, including: (i)&nbsp;upon the occurrence and during the continuance of an Event of Default, to receive, endorse, and collect all instruments
made payable to Pledgor representing any dividend, interest payment or other distribution in respect of the Collateral or any part thereof to the extent permitted hereunder and to give full discharge
for the same and to execute and file governmental notifications and reporting forms; (ii)&nbsp;to issue any notifications/instructions Secured Party deems necessary pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;3</I></FONT><FONT SIZE=2> of this
Agreement; or (iii)&nbsp;to arrange for the transfer of the Collateral on the books of any of the Issuers or any other Person
to the name of Secured Party or to the name of Secured Party's nominee. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to the designation of Secured Party as Pledgor's attorney-in-fact in </FONT> <FONT SIZE=2><I>Section&nbsp;8(a)</I></FONT><FONT SIZE=2> of this Agreement, following the occurrence and during the continuation of an Event of Default, Pledgor
hereby irrevocably appoints
Secured Party as Pledgor's agent and attorney-in-fact to make, execute and deliver any and all documents and writings which may be necessary or appropriate for approval of, or
be required by, any regulatory authority located in any city, county, state or country where Pledgor or any of the Issuers engage in business, in order to transfer or to more effectively transfer any
of the Pledged Shares or otherwise enforce Secured Party's rights hereunder. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Remedies upon Default.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence and during the continuance of an Event of Default: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Secured
Party, for the benefit of the Lender Group, may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise
available to it, all the rights and remedies of a secured party on default under the UCC (irrespective of whether the UCC applies to the affected items of Collateral), and, to the maximum extent
permitted by applicable law, Secured Party may also without notice (except as specified below) sell the Collateral or any part thereof in one or more parcels at public or private sale, at any
exchange, broker's board or at any of Secured Party's offices or elsewhere, for cash, on credit or for future delivery, at such time or times and at such price or prices and upon such other terms as
are commercially reasonable, irrespective of the impact of any such sales on the market price of the Collateral. To the maximum extent permitted by applicable law, Secured Party may be the purchaser
of any or all of the Collateral at any such sale and shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold
at any such public sale, to use and apply all or any part of the Secured Obligations as a credit on account of the purchase price of any Collateral payable at such sale. Each purchaser at any such
sale shall hold the property sold absolutely free from any claim or right on the part of Pledgor, and Pledgor hereby waives (to the extent permitted by law) all rights of redemption, stay, or
appraisal that it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. Pledgor agrees that, to the extent notice of sale shall be </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-6</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=6,SEQ=98,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=1035459,FOLIO='6',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_7"> </A>
<UL>

<P><FONT SIZE=2>required
by law, at least ten (10)&nbsp;calendar days notice to Pledgor of the time and place of any public sale or the time after which a private sale is to be made shall constitute reasonable
notification. Secured Party shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. Secured Party may adjourn any public or private sale from time to time
by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. To the maximum extent permitted by law,
Pledgor hereby waives any claims against Secured Party arising because the price at which any Collateral may have been sold at such a private sale was less than the price that might have been obtained
at a public sale, even if Secured Party accepts the first offer received and does not offer such Collateral to more than one offeree. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor
hereby agrees that any sale or other disposition of the Collateral conducted in conformity with reasonable commercial practices of banks, insurance companies, or
other financial institutions in the City of Los Angeles, California in disposing of property similar to the Collateral shall be deemed to be commercially reasonable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledgor
hereby acknowledges that the sale by Secured Party, for the benefit of the Lender Group, of any Collateral pursuant to the terms hereof in compliance with the
Securities Act of 1933 as now in effect or as hereafter amended, or any similar statute hereafter adopted with similar purpose or effect (the "Securities Act"), as well as applicable "Blue Sky" or
other state securities laws may require strict limitations as to the manner in which Secured Party or any subsequent transferee of the Collateral may dispose thereof. Pledgor hereby acknowledges and
agrees that in order to protect Secured Party's interest it may be necessary to sell the Collateral at a price less than the maximum price attainable if a sale were delayed or were made in another
manner, such as a public offering under the Securities Act. Pledgor has no objection to sale in such a manner, if so required under the Securities Act, and agrees that Secured Party shall have no
obligation to obtain the maximum possible price for the Collateral. Without limiting the generality of the foregoing, Pledgor hereby agrees that, upon the occurrence and
during the continuation of an Event of Default, Secured Party may, subject to applicable law, from time to time attempt to sell all or any part of the Collateral by a private placement, restricting
the bidders and prospective purchasers to those who will represent and agree that they are purchasing for investment only and not for distribution. In so doing, Secured Party may solicit offers to buy
the Collateral or any part thereof for cash, from a limited number of investors deemed by Secured Party, in its reasonable judgment, to be institutional investors or other responsible parties who
might be interested in purchasing the Collateral. If Secured Party shall solicit such offers, then the acceptance by Secured Party of one of the offers shall be deemed to be a commercially reasonable
method of disposition of the Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Secured Party, for the benefit of the Lender Group, shall determine to exercise its right to sell all or any portion of the Collateral pursuant to this </FONT> <FONT SIZE=2><I>Section&nbsp;9</I></FONT><FONT SIZE=2>, Pledgor agrees that, upon request
of Secured Party, Pledgor will, at its own expense: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;use
its best efforts to execute and deliver, and cause the Issuers and the directors and officers thereof to execute and deliver, all such instruments and documents,
and to do or cause to be done all such other acts and things, as may be necessary or, in the opinion of Secured Party, advisable to register such Collateral under the provisions of the Securities Act,
and to cause the registration statement relating thereto to become effective and to remain effective for such period as prospectuses are required by law to be furnished, and to make all amendments and
supplements thereto and to the related prospectuses which, in the opinion of Secured Party, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and
regulations of the Securities and Exchange Commission applicable thereto; </FONT></P>

</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-7</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=7,SEQ=99,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=1011444,FOLIO='7',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_8"> </A>
<UL>
<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;use
its best efforts to qualify the Collateral under the state securities laws or "Blue Sky" laws and to obtain all necessary governmental approvals for the sale of the
Collateral, as requested by Secured Party; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;cause
the Issuers to make available to their respective security holders, as soon as practicable, an earnings statement which will satisfy the provisions of
Section&nbsp;11(a) of the Securities Act; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;execute
and deliver, or cause the officers and directors of the Issuers to execute and deliver, to any person, entity or governmental authority as Secured Party may
choose, any and all documents and writings which, in Secured Party's reasonable judgment, may be necessary or appropriate for approval, or be required by, any regulatory authority located in any city,
county, state or country where Pledgor or the Issuers engage in business, in order to transfer or to more effectively transfer the Pledged Shares or otherwise enforce Secured Party's rights hereunder;
and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;do
or cause to be done all such other acts and things as may be necessary to make such sale of the Collateral or any part thereof valid and binding and in compliance
with applicable law. </FONT></P>

</UL>

<P><FONT SIZE=2>Pledgor
acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this </FONT><FONT SIZE=2><I>Section&nbsp;9</I></FONT><FONT SIZE=2> and that such
failure would not be adequately compensable in damages, and therefore agrees that its agreements contained in this </FONT><FONT SIZE=2><I>Section&nbsp;9</I></FONT><FONT SIZE=2> may be specifically
enforced. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PLEDGOR
EXPRESSLY WAIVES TO THE MAXIMUM EXTENT PERMITTED BY LAW: (i)&nbsp;ANY CONSTITUTIONAL OR OTHER RIGHT TO A JUDICIAL HEARING PRIOR TO THE TIME SECURED PARTY
DISPOSES OF ALL OR ANY PART OF THE COLLATERAL AS PROVIDED IN THIS SECTION; (ii)&nbsp;ALL RIGHTS OF REDEMPTION, STAY, OR APPRAISAL THAT IT NOW HAS OR MAY AT ANY TIME IN THE FUTURE HAVE UNDER ANY RULE
OF LAW OR STATUTE NOW EXISTING OR HEREAFTER ENACTED; AND (iii)&nbsp;EXCEPT AS SET FORTH IN </FONT><FONT SIZE=2><I>SECTION 9(a)</I></FONT><FONT SIZE=2> OF THIS AGREEMENT, ANY REQUIREMENT OF NOTICE,
DEMAND, OR ADVERTISEMENT FOR SALE. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Application of Proceeds.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Upon the occurrence and during the continuance of an Event of Default, any cash
held by Secured Party, for the benefit of the Lender Group, as Collateral and all cash proceeds received by Secured Party in respect of any sale of, collection from, or other realization upon all or
any part of the Collateral pursuant to the exercise by Secured Party of its remedies as a secured creditor as provided in </FONT><FONT SIZE=2><I>Section&nbsp;9</I></FONT><FONT SIZE=2> of this
Agreement shall be applied from time to time by Secured Party as provided in the Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Duties of Secured Party.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The powers conferred on Secured Party, for the benefit of the Lender Group,
hereunder are solely to protect its interests in the Collateral and shall not impose on it any duty to exercise such powers. Except as provided in Section&nbsp;9207 of the UCC, Secured Party shall
have no duty with respect to the Collateral or any responsibility for taking any necessary steps to preserve rights against any Persons with respect to any Collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Choice of Law and Venue.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;THE VALIDITY OF THIS AGREEMENT, ITS CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT,
AND THE RIGHTS OF THE PARTIES HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA. THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS
ARISING IN CONNECTION WITH THIS AGREEMENT SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND FEDERAL COURTS LOCATED IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA OR, AT THE SOLE OPTION OF SECURED
PARTY, IN ANY OTHER COURT IN WHICH SECURED PARTY, FOR THE BENEFIT OF THE LENDER GROUP, SHALL INITIATE LEGAL OR </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-8</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=8,SEQ=100,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=828060,FOLIO='8',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_9"> </A>
<BR>

<P><FONT SIZE=2>EQUITABLE
PROCEEDINGS AND WHICH HAS SUBJECT MATTER JURISDICTION OVER THE MATTER IN CONTROVERSY. EACH OF PLEDGOR AND SECURED PARTY, FOR THE BENEFIT OF THE LENDER GROUP, WAIVES, TO THE EXTENT PERMITTED
UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS </FONT> <FONT SIZE=2><I>SECTION 12</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Amendments: Etc..</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No amendment or waiver of any provision of this Agreement nor consent to any departure by
Pledgor herefrom shall in any event be effective unless the same shall be in writing and signed by Secured Party, and then such waiver or consent shall be effective only in the specific instance and
for the specific purpose for which given. No failure on the part of Secured Party to exercise, and no delay in exercising any right under this Agreement, the Financing Agreement, any other Loan
Document, or otherwise with respect to any of the Secured Obligations, shall operate as a waiver thereof; nor shall any single or partial exercise of any right under this Agreement, the Financing
Agreement, any other Loan Document, or otherwise with respect to any of the Secured Obligations preclude any other or further exercise thereof or the exercise of any other right. The remedies provided
for in this Agreement or otherwise with respect to any of the Secured Obligations are cumulative and not exclusive of any remedies provided by law. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Notices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise specifically provided herein, any notice or other communication herein required or
permitted to be given shall be in writing and shall be delivered in the manner set forth in the Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Continuing Security Interest.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall create a continuing security interest in the Collateral
and shall: (i)&nbsp;remain in full force and effect until the indefeasible payment in full of the Secured Obligations, including the cash collateralization, expiration, or cancellation of all
Secured Obligations, if any, consisting of letters of credit, and the full and final termination of any commitment to extend any financial accommodations under the Financing Agreement; (ii)&nbsp;be
binding upon Pledgor and its successors and assigns; and (iii)&nbsp;inure to the benefit of Secured Party and its successors, transferees, and assigns. Upon the indefeasible payment in full of the
Secured Obligations, including the cash collateralization, expiration, or cancellation of all Secured Obligations, if any, consisting of letters of credit, and the full and final termination of any
commitment to extend any financial accommodations under the Financing Agreement, the security interests granted herein shall automatically terminate and all rights to the Collateral shall revert to
Pledgor. Upon any such
termination, Secured Party will, at Pledgor's expense, execute and deliver to Pledgor such documents as Pledgor shall reasonably request to evidence such termination. Such documents shall be prepared
by Pledgor and shall be in form and substance reasonably satisfactory to Secured Party. Upon the occurrence of any liquidation or merger of Pledgor or a pledged Subsidiary permitted pursuant to
Section&nbsp;7.9(d) of the Financing Agreement, the Agent agrees to release any security interest or lien it may have in the assets of non-surviving Pledgor or such pledged Subsidiary
and, at the expense of the Borrowers, return any securities, certificates and/or stock powers of such pledged Subsidiary delivered to the Agent pursuant to this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Property Agreements Interest Absolute.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;To the maximum extent permitted by law, all rights of Secured Party,
all security interests hereunder, and all obligations of Pledgor hereunder, shall be absolute and unconditional irrespective of: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
lack of validity or enforceability of any of the Secured Obligations or any other agreement or instrument relating thereto, including the Financing Agreement or any
of the Loan Documents; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
change in the time, manner, or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent
to any </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-9</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=9,SEQ=101,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=1040434,FOLIO='9',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lr2148_1_10"> </A>
<UL>
<BR>

<P><FONT SIZE=2>departure
from the Financing Agreement or any of the Additional Documents, or any other agreement or instrument relating thereto; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
exchange, release, or non-perfection of any other collateral, or any release or amendment or waiver of or consent to departure from any guaranty for all
or any of the Secured Obligations; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
other circumstances that might otherwise constitute a defense available to, or a discharge of, Pledgor. </FONT></P>

</UL>

<P><FONT SIZE=2>To
the maximum extent permitted by law, Pledgor hereby waives any right to require Secured Party to: (A)&nbsp;proceed against or exhaust any security held from Pledgor; or (B)&nbsp;pursue any
other remedy in Secured Party's power whatsoever. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Headings.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Section and subsection headings in this Agreement are included herein for convenience of reference
only and shall not constitute a part of this Agreement or be given any substantive effect. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Severability.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In case any provision in or obligation under this Agreement shall be invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any
way be affected or impaired thereby. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be executed in any number of counterparts and by different parties on
separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement. Delivery
of an executed counterpart of this Agreement by telefacsimile shall be equally as effective as delivery of a manually executed counterpart of this Agreement. Any party delivering an executed
counterpart of this Agreement by telefacsimile also shall deliver a manually executed counterpart of this Agreement but the failure to deliver a manually executed counterpart shall not affect the
validity, enforceability, and binding effect of this Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Marshaling.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Each of Pledgor and Secured Party acknowledges and agrees that in exercising any
rights under or with respect to the Collateral: (i)&nbsp;Secured Party is under no obligation to marshal any Collateral; (ii)&nbsp;may, in its absolute discretion, realize upon the Collateral in
any order and in any manner it so elects; and (iii)&nbsp;may, in its absolute discretion, apply the proceeds of any or all of the Collateral to the Secured Obligations in any order and in any manner
it so elects. Pledgor and Secured Party waive any right to require the marshaling of any of the Collateral. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.</FONT><FONT
SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;Waiver of Jury Trial.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;PLEDGOR AND SECURED PARTY HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON
LAW OR STATUTORY CLAIMS. PLEDGOR AND SECURED PARTY REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B><I>[remainder of this page intentionally left blank; signatures to follow]</I></B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-10</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=10,SEQ=102,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=756786,FOLIO='10',FILE='DISK023:[03DEN8.03DEN2148]LR2148A.;5',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_ls2148_1_11"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, Pledgor and Secured Party have caused this Agreement to be duly executed and delivered by their officers thereunto duly authorized as of the date first written above. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>a</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
THE CIT GROUP/BUSINESS CREDIT,&nbsp;INC.,<BR>
a New York corporation, as Agent</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="44%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit F-11</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=103,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=161842,FOLIO='11',FILE='DISK023:[03DEN8.03DEN2148]LS2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_lt2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lt2148_schedule_a_to_stock_pledge_agreement"> </A>
<A NAME="toc_lt2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>SCHEDULE A    <BR>    <BR>    TO    <BR>    <BR>    STOCK PLEDGE AGREEMENT    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Pledgor:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
a&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;corporation
  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Pledged Shares  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="20%" ALIGN="LEFT"><FONT SIZE=1><B>Issuer<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>Number of<BR>
Shares</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Class</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>Certificate<BR>
Number(s)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Former Name, if any, in Which Certificate Issued</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=1><B>Pledgor's Percentage Ownership (Percentage Pledged)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Jurisdiction<BR>
of<BR>
Incorporation</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="20%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Schedule A-1 to Exhibit F</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=104,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=176866,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LT2148A.;4',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_lu2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lu2148_schedule_b_to_stock_pledge_agreement"> </A>
<A NAME="toc_lu2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>SCHEDULE B    <BR>    <BR>    TO    <BR>    <BR>    STOCK PLEDGE AGREEMENT    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="77%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Pledgor:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=5><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>a</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>corporation</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="30%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
Address of Debtor's Location:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=6><FONT SIZE=2><BR>
1050 West Hampden Avenue,<BR>
Englewood, Colorado 81110</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Schedule B-1 to Exhibit F</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=105,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=642441,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LU2148A.;4',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_lv2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lv2148_schedule_c_to_stock_pledge_agreement"> </A>
<A NAME="toc_lv2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>SCHEDULE C    <BR>    <BR>    TO    <BR>    <BR>    STOCK PLEDGE AGREEMENT    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Existing Future Rights and Proceeds: </B></FONT><FONT SIZE=2><B><I>[To be completed by Pledgor].  </I></B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Schedule C-1 to Exhibit F</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=106,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=989186,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LV2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<BR>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="page_lw2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="lw2148_exhibit_g"> </A>
<A NAME="toc_lw2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT G    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lw2148_form_of_disbursement_authoriza__for02611"> </A>
<A NAME="toc_lw2148_2"> </A>
<BR></FONT><FONT SIZE=2><B>Form of Disbursement Authorization<BR>  <BR>    DISBURSEMENT AUTHORIZATION    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="47%"><FONT SIZE=1><I>The CIT Group/Business Credit&nbsp;Inc.<BR>
1211 Avenue of the Americas, New York, NY 10036</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=1><I>Use with New and<BR>
existing client</I></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2><B><I>Wire Transfer Instructions  </I></B></FONT></P>

<P><FONT SIZE=2><I>Gentlemen:<BR>
In accordance with the terms of the Financing Agreement between us dated August&nbsp;4, 2003, and any and all amendments thereto, we hereby instruct and authorize you to make disbursements to our
operating account number specified below and to charge our loan account under the Financing Agreement.</I></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="12%"><FONT SIZE=1>Bank Name:</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>City</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>State</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="CENTER"><FONT SIZE=1><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1><B>FOR BANKING USE ONLY</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="12%"><FONT SIZE=1><B>Bank ABA No.</B></FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=1><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=1>Initial when complete.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=6><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="12%"><FONT SIZE=1><BR>
Credit A/C Name:</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=1><BR>
<FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><BR><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=6><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="12%"><FONT SIZE=1>Credit A/C No.:</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=1><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=1><B>TEST KEY</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=6><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>Reference:</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>Initials</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=6><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="23%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>The undersigned hereby acknowledges that the bank/s named above may make payment strictly on the basis of the account number furnished herein even if such
account number identifies a party other than the name of the account listed above. In the event the above account number or other information is incorrect, we hereby agree to be fully liable for any
and all losses, costs, and expenses whatsoever arising therefrom. </FONT></P>

<P><FONT SIZE=2>These
instructions circle one: [supersede][are in addition to] any previous instructions, if any, given to you by the undersigned. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="18%"><FONT SIZE=1><B>Borrower Name:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="51%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="51%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="26%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="18%"><FONT SIZE=1><B>Authorized Signer: By:</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="51%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="26%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="51%"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="26%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="18%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="51%" ALIGN="CENTER"><FONT SIZE=1>Title&nbsp;&amp; Date<BR></FONT>
</TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="26%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<BR>
<HR NOSHADE>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=1><B>Approved</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=1><B>The CIT GROUP/BUSINESS CREDIT, INC</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1><B>REGION</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=1><B><U>LOS ANGELES</U></B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="33%"><FONT SIZE=1><B>Account Executive/Loan Officer/Date</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1><B>CLIENT #No/Type</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=1><B>Regional Manager / Date</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" ALIGN="RIGHT"><FONT SIZE=1><B>(Initial Funding&nbsp;&amp; Non Repetitive Wires Only) Amount of Wire $</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="73%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><HR NOSHADE></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="15%"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;Initial Funding</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="17%" VALIGN="TOP"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;Repetitive [new]</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;Non-Repetitive</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="25%" VALIGN="TOP"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;Modify existing instruct</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="18%" VALIGN="TOP"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;Delete Preformat</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=6><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>FOR CALLBACK / BANKING USE</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>SETUP/APP</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>Callback Verification</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT></B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B>BANK</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>FTPC</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT></B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B>Client</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><FONT FACE="WINGDINGS">&#111;</FONT></B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B>Other</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=3><B><FONT FACE="WINGDINGS">&#111;</FONT></B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=3>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=3><B><FONT FACE="WINGDINGS">&#111;</FONT></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1><B>Phone No.</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><B>INPUT</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1><B>APPROVE</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1><B><BR>
Contact:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="42%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1><B><BR>
By (CIT)</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="42%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD COLSPAN=2><FONT SIZE=1><B><BR>
Preformat Code</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><B><BR>
STUCKY</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><BR><FONT SIZE=3><B><FONT FACE="WINGDINGS">&#111;</FONT></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%" ALIGN="CENTER"><FONT SIZE=1><B>Name &amp; Date</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1><B>INPUT</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="42%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit G-1</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=107,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=857150,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LW2148A.;10',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="page_lx2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><B>EXHIBIT H  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> <A NAME="lx2148_form_of_intellectual_property___for02875"> </A>
<A NAME="toc_lx2148_1"> </A>
<BR>    </B></FONT><FONT SIZE=2><B><I>Form of Intellectual Property Agreements    <BR>    <BR>    </I></B></FONT><FONT SIZE=2><B>PATENT COLLATERAL ASSIGNMENT    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, [BORROWER], a
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] corporation (herein
referred to as "</FONT><FONT SIZE=2><B>Debtor</B></FONT><FONT SIZE=2>"), owns the letters patent, and/or applications for letters patent, of the United States of America, more particularly described
on Schedule&nbsp;1 annexed hereto as part hereof (the "</FONT><FONT SIZE=2><B>Patents</B></FONT><FONT SIZE=2>"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, Debtor has entered into a Financing Agreement dated as of August&nbsp;4, 2003 (the "</FONT><FONT SIZE=2><B>Financing
Agreement</B></FONT><FONT SIZE=2>") among the Debtor, The Sports Authority,&nbsp;Inc. and certain subsidiaries of The Sports Authority,&nbsp;Inc. as borrowers, the CIT Group/Business
Credit,&nbsp;Inc. as agent for the Lenders (in such capacity, the "</FONT><FONT SIZE=2><B>Agent</B></FONT><FONT SIZE=2>"), Fleet Retail Group,&nbsp;Inc. and Bank of America, N.A. as
co-syndication agents, Wells Fargo Foothill, LLC, a California limited liability company as documentation agent and the lenders parties thereto (the
"</FONT><FONT SIZE=2><B>Lenders</B></FONT><FONT SIZE=2>"). (Capitalized terms have the meanings given such terms in the Financing Agreement.); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, pursuant to the Financing Agreement, Debtor has granted to the Agent a security interest in all right, title and interest of
Debtor in and to the Patents, together with all registrations and recordings thereof, including, without limitation, applications, registrations and recordings in the United States Patent and
Trademark Office or in any similar office or agency of the United States or any State thereof, all whether now or hereafter owned, and all reissues, continuations,
continuations-in-part, term restorations or extensions thereof and all proceeds thereof, for the full term of the Patents (the
"</FONT><FONT SIZE=2><B>Collateral</B></FONT><FONT SIZE=2>"), to secure the prompt payment, performance and observance of the Obligations; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE</B></FONT><FONT SIZE=2>, for good and valuable consideration, receipt of which is hereby acknowledged, Debtor does hereby further confirm, and put
on the public record, its grant to the Agent of a security interest in the Collateral to secure the prompt payment, performance and observance of the Obligations. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debtor
does hereby further acknowledge and affirm that the rights and remedies of the Agent with respect to the grant of and security interest in the Collateral made hereby are more
fully set forth in the Financing Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent's
address is 300 South Grand Avenue, Los Angeles, California 90071. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, Debtor has duly executed or caused this Patent Collateral Assignment to be duly executed as of August&nbsp;4, 2003. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>[</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" ALIGN="RIGHT"><FONT SIZE=2>]</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Name:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Title:</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit H-1</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=108,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=741130,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LX2148A.;10',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lx2148_1_2"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lx2148_schedule_1_to_the_paten__lx202231"> </A>
<A NAME="toc_lx2148_2"> </A>
<BR></FONT><FONT SIZE=2><B>Schedule&nbsp;1 to the PATENT COLLATERAL ASSIGNMENT    <BR>    <BR>    PATENTS    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="73%" ALIGN="LEFT"><FONT SIZE=1><B>Title<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="CENTER"><FONT SIZE=1><B>Date Filed<BR>
or Granted</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Serial No.&nbsp;or Patent No.</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="73%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit H-2</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=109,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=615851,FOLIO='2',FILE='DISK023:[03DEN8.03DEN2148]LX2148A.;10',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lx2148_1_3"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lx2148_trademark_collateral_assignment"> </A>
<A NAME="toc_lx2148_3"> </A>
<BR></FONT><FONT SIZE=2><B>TRADEMARK COLLATERAL ASSIGNMENT    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, [BORROWER], a
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] corporation (herein
referred to as "Debtor"), (1)&nbsp;has adopted, used and is using, or (2)&nbsp;has intended to use and filed an application indicating that intention, but has not yet filed an allegation of use
under Section&nbsp;l(c) or l(d) of the Trademark Act, or (3)&nbsp;has filed an application based on an intention to use and has since used and has filed an allegation of use under
Section&nbsp;l(c) or l(d) of the Trademark Act, the trademarks, trade names, trade styles and service marks listed on the annexed Schedule&nbsp;1, which trademarks, trade names, trade styles and
service marks are registered in the United States Patent and Trademark Office (the "</FONT><FONT SIZE=2><B>Trademarks</B></FONT><FONT SIZE=2>"); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, Debtor has entered into a Financing Agreement dated as of August&nbsp;4, 2003 (the "</FONT><FONT SIZE=2><B>Financing
Agreement</B></FONT><FONT SIZE=2>") among the Debtor, The Sports Authority,&nbsp;Inc. and certain subsidiaries of The Sports Authority,&nbsp;Inc. as borrowers, the CIT Group/Business
Credit,&nbsp;Inc. as agent for the Lenders (in such capacity, the "</FONT><FONT SIZE=2><B>Agent</B></FONT><FONT SIZE=2>"), Fleet Retail Group,&nbsp;Inc. and Bank of America, N.A. as
co-syndication agents, Wells Fargo Foothill, LLC, a California limited liability company as documentation agent and the lenders parties thereto (the
"</FONT><FONT SIZE=2><B>Lenders</B></FONT><FONT SIZE=2>"). (Capitalized terms have the meanings given such terms in the Financing Agreement.); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, pursuant to the Financing Agreement, Debtor has granted to the Agent a security interest in all right, title and interest of
Debtor in and to the Trademarks, together with all prints and labels on which said Trademarks have appeared or appear, designs and general intangibles of like nature, now existing or hereafter adopted
or acquired, and the applications, registrations and recordings in the
United States Patent and Trademark Office or in any similar office or agency of the United States of America or any State thereof, all whether now or hereafter owned or licensable by Debtor, and all
reissues, extensions or renewals thereof and all proceeds thereof (the "</FONT><FONT SIZE=2><B>Collateral</B></FONT><FONT SIZE=2>"), to secure the payment, performance and observance of the
Obligations; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE</B></FONT><FONT SIZE=2>, for good and valuable consideration, receipt of which is hereby acknowledged, Debtor does hereby further confirm, and put
on the public record, its grant to the Agent a security interest in the Collateral to secure the prompt payment, performance and observance of the Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debtor
does hereby further acknowledge and affirm that the rights and remedies of the Agent with respect to the grant of, security interest in and mortgage on the Collateral made hereby
are more fully set forth in the Financing Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent's
address is 300 South Grand Avenue, Los Angeles, California 90071. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, Debtor has duly executed or caused this Trademark Collateral Assignment to be duly executed as of August&nbsp;4,
2003. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>[</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" ALIGN="RIGHT"><FONT SIZE=2>]</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Name:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Title:</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit H-3</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=3,SEQ=110,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=178567,FOLIO='3',FILE='DISK023:[03DEN8.03DEN2148]LX2148A.;10',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lx2148_1_4"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lx2148_schedule_1_to_the_trade__lx202447"> </A>
<A NAME="toc_lx2148_4"> </A>
<BR></FONT><FONT SIZE=2><B>Schedule&nbsp;1 to the TRADEMARK COLLATERAL ASSIGNMENT    <BR>    <BR>    TRADEMARKS    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="85%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="58%" ALIGN="LEFT"><FONT SIZE=1><B>Trademark<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>Application or<BR>
Registration Date</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="21%" ALIGN="CENTER"><FONT SIZE=1><B>Application Serial No.<BR>
or Registration No.</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="58%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit H-4</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=4,SEQ=111,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=55711,FOLIO='4',FILE='DISK023:[03DEN8.03DEN2148]LX2148A.;10',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lx2148_1_5"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lx2148_copyright_collateral_assignment"> </A>
<A NAME="toc_lx2148_5"> </A>
<BR></FONT><FONT SIZE=2><B>COPYRIGHT COLLATERAL ASSIGNMENT    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, [BORROWER], a
[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] corporation (herein
referred to as "</FONT><FONT SIZE=2><B>Debtor</B></FONT><FONT SIZE=2>"), has adopted, used and is using the copyrights listed on the annexed Schedule&nbsp;1, which copyrights are registered in the
United States Copyright Office (the "</FONT><FONT SIZE=2><B>Copyrights</B></FONT><FONT SIZE=2>"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, Debtor has a Financing Agreement dated as of August&nbsp;4, 2003 (the "</FONT><FONT SIZE=2><B>Financing
Agreement</B></FONT><FONT SIZE=2>") among the Debtor, The Sports Authority,&nbsp;Inc. and certain subsidiaries of The Sports Authority,&nbsp;Inc. as borrowers, the CIT Group/Business
Credit,&nbsp;Inc. as agent for the Lenders (in such capacity, the "</FONT><FONT SIZE=2><B>Agent</B></FONT><FONT SIZE=2>"), Fleet Retail Group,&nbsp;Inc. and Bank of America, N.A. as
co-syndication agents, Wells Fargo Foothill, LLC, a California limited liability company
as documentation agent and the lenders parties thereto (the "</FONT><FONT SIZE=2><B>Lenders</B></FONT><FONT SIZE=2>"). (Capitalized terms have the meanings given such terms in the Financing
Agreement.); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, pursuant to the Financing Agreement, Debtor has granted to the Agent a security interest in all right, title and interest of
Debtor in and to the Copyrights, and the registrations and recordings thereof in the United States Copyright Office, all whether now or hereafter owned by Debtor and all extensions or renewals thereof
and all proceeds thereof (the "</FONT><FONT SIZE=2><B>Collateral</B></FONT><FONT SIZE=2>"), to secure the payment, performance and observance of the Obligations; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE</B></FONT><FONT SIZE=2>, for good and valuable consideration, receipt of which is hereby acknowledged, Debtor does hereby further confirm, and put
on the public record, its grant to the Agent of a security interest in, and mortgage on, the Collateral to secure the prompt payment, performance and observance of the Obligations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debtor
does hereby further acknowledge and affirm that the rights and remedies of the Agent with respect to the grant of and security interest in the Collateral made hereby are more
fully set forth in the Financing Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agent's
address is 300 South Grand Avenue, Los Angeles, California 90071. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, Debtor has duly executed or caused this Agreement to be duly executed as of August&nbsp;4, 2003. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>[</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%" ALIGN="RIGHT"><FONT SIZE=2>]</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Name:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Title:</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit H-5</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=5,SEQ=112,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=857257,FOLIO='5',FILE='DISK023:[03DEN8.03DEN2148]LX2148A.;10',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lx2148_1_6"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="lx2148_schedule_1_to_the_copyr__lx202507"> </A>
<A NAME="toc_lx2148_6"> </A>
<BR></FONT><FONT SIZE=2><B>Schedule&nbsp;1 to the COPYRIGHT COLLATERAL ASSIGNMENT    <BR>    <BR>    COPYRIGHTS    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="85%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="58%" ALIGN="LEFT"><FONT SIZE=1><B>Copyrights<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>Application or<BR>
Registration Date</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="21%" ALIGN="CENTER"><FONT SIZE=1><B>Application Serial No.<BR>
or Registration No.</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="58%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="21%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit H-6</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=6,SEQ=113,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=690643,FOLIO='6',FILE='DISK023:[03DEN8.03DEN2148]LX2148A.;10',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="page_ly2148_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="ly2148_exhibit_i"> </A>
<A NAME="toc_ly2148_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT I    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Form of Suretyship Agreement  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> SURETYSHIP AGREEMENT  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>THIS SURETYSHIP AGREEMENT</B></FONT><FONT SIZE=2> (this "Agreement") is entered into as of August&nbsp;4, 2003, by and among THE CIT
GROUP/BUSINESS CREDIT,&nbsp;INC., a New York corporation ("CITBC") with offices located at 300 South Grand Avenue, Los Angeles, California 90071, the other lenders now and from time to time parties
to the Financing Agreement (as defined below) (CITBC and such other lenders are collectively and individually referred to herein as the "Lender Group"), CITBC as agent for the Lender Group ("Agent"),
THE SPORTS AUTHORITY,&nbsp;INC., a Delaware corporation (formerly known as Gart Sports Company, a Delaware corporation) ("Parent"), having a principal place of business at 1050 West Hampden Avenue,
Englewood, Colorado 81110, and each of the Subsidiaries of Parent identified on the signatory pages hereof (such Subsidiaries together with Parent are collectively and individually, as well as jointly
and severally referred to herein as the "Borrowers"). This Agreement is made with reference to the following facts: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;Agent,
on behalf of the Lender Group, and Borrowers are entering into that certain Financing Agreement, dated as of even date herewith (the "Financing Agreement"), and
other instruments, documents, and agreements contemplated thereby or related thereto (collectively, together with the Financing Agreement, the "Loan Documents"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;In
order to induce the Lender Group to enter into the Financing Agreement, and in consideration thereof, and in consideration of any loan or other financial
accommodations hereinafter extended by the Lender Group to the Borrowers, whether pursuant to the Financing Agreement or otherwise, the Borrowers have agreed to enter into this Agreement; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;Any
and all initially capitalized terms used herein and not defined herein shall have the meaning ascribed thereto in the Financing Agreement. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW
THEREFORE, in consideration of the above recitals and the mutual promises contained herein, the Lender Group and the Borrowers hereby agree as follows: </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;SURETYSHIP WAIVERS AND CONSENTS.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;&nbsp;The
Borrowers each are, and at all times shall be, jointly and severally liable for each and every one of the Obligations under the Financing Agreement and under the
Loan Documents, regardless of which Borrower or Borrowers requested, received, used, or directly enjoyed the benefit of, the extensions of credit hereunder. Unless otherwise expressly set forth to the
contrary in any of the Loan Documents, all of the Collateral shall secure all of the Obligations. Each Borrower's Obligations under the Financing Agreement are independent Obligations and are absolute
and unconditional. Each Borrower, to the extent permitted by law, hereby waives any defense to such Obligations that may arise by reason of the disability or other defense or cessation of liability of
any other Borrower for any reason other than payment in full. Each Borrower also waives any defense to such Obligations that it may have as a result of Lender's election of or failure to exercise any
right, power, or remedy, including the failure to proceed first against another Borrower or any security it holds from such other Borrower. Without limiting the generality of the foregoing, each
Borrower expressly waives all demands and notices whatsoever (except for any demands or notices, if any, that such Borrower expressly is entitled to receive pursuant to the terms of any Loan
Document), and agrees that the Lender Group may, without notice (except for such notice, if any, as such Borrower expressly is entitled to receive pursuant to the terms of any Loan Document) and
without releasing the liability of such Borrower, extend for the benefit of any other Borrower the time for making any payment, waive or extend the performance of any agreement or make any settlement
of any agreement for the benefit of any other </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit I-1</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=114,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=1036600,FOLIO='1',FILE='DISK023:[03DEN8.03DEN2148]LY2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_ly2148_1_2"> </A>
<BR>

<P><FONT SIZE=2>Borrower,
and may proceed against each Borrower, directly and independently of any other Borrower, as the Lender Group may elect in accordance with the Financing Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2&nbsp;&nbsp;&nbsp;Each
Borrower acknowledges that the Obligations undertaken herein or in the other Loan Documents, and the grants of security interests and liens by such Borrower to
secure Obligations of the other Borrower, could be construed to consist, at least in part, of the guaranty of Obligations of the other Borrower and, in full recognition of that fact, each Borrower
consents and agrees as hereinafter set forth in the balance of this </FONT><FONT SIZE=2><I>Section&nbsp;1</I></FONT><FONT SIZE=2>. The consents, waivers, and agreements of the Borrowers that are
contained in the balance of this </FONT><FONT SIZE=2><I>Section&nbsp;1</I></FONT><FONT SIZE=2> are intended to deal with the suretyship aspects of the transactions evidenced by the Loan Documents
(to the extent that a Borrower may be deemed a guarantor or surety for the Obligations of another Borrower) and thus are intended to be effective and applicable only to the extent that any Borrower
has agreed to answer for the Obligation of another Borrower or has granted a lien or security interest in Collateral to secure the Obligation of another Borrower; conversely, the consents, waivers,
and agreements of the Borrowers that are contained in the balance of this </FONT><FONT SIZE=2><I>Section&nbsp;1</I></FONT><FONT SIZE=2> shall not be applicable to the direct Obligation of a
Borrower with respect to credit extended directly to such Borrower, and shall not be applicable to security interests or liens on Collateral of a Borrower given to directly secure direct Obligations
of such Borrower where no aspect of guaranty or suretyship is involved. Each Borrower consents and agrees that the Lender Group may, at any time and from time to time, without notice or demand,
whether before or after any actual or purported termination, repudiation or revocation of the Financing Agreement by any one or more Borrowers, and without affecting the enforceability or continuing
effectiveness hereof as to such Borrower, in accordance with the terms of the Loan Documents: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;with
respect to any other Borrower, supplement, restate, modify, amend, increase, decrease, extend, renew, accelerate or otherwise change the time for payment or the
terms of the Obligations of such other Borrower or any part thereof, including any increase or decrease of the rate(s) of interest thereon with the agreement of such other Borrower; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;supplement,
restate, modify, amend, increase, decrease or waive, or enter into or give any agreement, approval or consent with respect to, the Obligations or any part
thereof, or any of the Loan Documents or any security or guarantees granted or entered into by any Person(s) other than such Borrower, or any condition, covenant, default, remedy, right,
representation or term thereof or thereunder; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;accept
new or additional instruments, documents or agreements in exchange for or relative to any of the Loan Documents or the Obligations or any part thereof; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;accept
partial payments on the Obligations; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;receive
and hold additional security or guarantees for the Obligations or any part thereof; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;release,
reconvey, terminate, waive, abandon, fail to perfect, subordinate, exchange, substitute, transfer or enforce any security or guarantees, and apply any security
and direct the order or manner of sale thereof as Agent, on behalf of the Lender Group, in its sole and absolute discretion may determine; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;release
any other Person (including, without limitation, any other Borrower) from any personal liability with respect to the Obligations or any part thereof; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;with
respect to any Person other than such Borrower (including, without limitation, any other Borrower), settle, release on terms satisfactory to Agent, on behalf of the
Lender Group, or by operation of applicable laws or otherwise liquidate or enforce any Obligations and any security therefor or guaranty thereof in any manner, consent to the transfer of any security
and bid and purchase at any sale; or </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit I-2</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=115,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=977296,FOLIO='2',FILE='DISK023:[03DEN8.03DEN2148]LY2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_ly2148_1_3"> </A>
<UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;consent
to the merger or any other restructuring or termination of the corporate or partnership existence of any other Borrower or any other Person, and correspondingly
agree, in accordance with all applicable provisions of the Loan Documents, to the restructure of the Obligations, and any such merger, restructuring or termination shall not affect the liability of
any Borrower or the continuing effectiveness hereof, or the enforceability hereof with respect to all or any part of the Obligations. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3&nbsp;&nbsp;&nbsp;Upon
the occurrence and during the continuance of any Event of Default, the Lender Group may enforce the Loan Documents independently as to each Borrower and
independently of any other remedy or security the Lender Group at any time may have or hold in connection with the Obligations, and it shall not be necessary for the Lender Group to marshal assets in
favor of any Borrower or any other Person or to proceed upon or against or exhaust any security or remedy before proceeding to enforce any of the Loan Documents. Each Borrower expressly waives any
right to require the Lender Group to marshal assets in favor of any Borrower or any other Person or to proceed against any other Borrower, any other Person, or any collateral provided by any Person,
and agrees that the Lender Group may proceed against any Borrower, any other Person, or any Collateral in such order as it shall determine in its sole and absolute discretion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4&nbsp;&nbsp;&nbsp;Agent,
on behalf of the Lender Group, may file&nbsp;a separate action or actions against any Borrower, whether such action is brought or prosecuted with respect to any
security of against any other Person, or whether any other Person is joined in any such action or actions. Each Borrower agrees, for itself, that the Lender Group and any other Borrower, or any
Affiliate of any other Borrower (other than such Borrower itself), may deal with each other in connection with the Obligations or otherwise, or alter any contracts or agreements now or hereafter
existing between any of them, in any manner whatsoever, all without in any way altering or affecting the continuing efficacy as to such Borrower of the Loan Documents. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5&nbsp;&nbsp;&nbsp;The
rights of the Lender Group created or granted herein with respect to any Borrower and the enforceability of the Loan Documents as to any Borrower at all times shall
remain effective to cover the full amount of all the Obligations even though the obligations, including any part thereof or any other security or guaranty therefor, may be or hereafter may become
invalid or otherwise unenforceable as against any other Borrower and whether or not any other Borrower shall have any personal liability with respect thereto. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6&nbsp;&nbsp;&nbsp;To
the maximum extent permitted by applicable law, each Borrower, for itself, expressly waives any and all defenses now or hereafter arising or that otherwise might be
asserted by reason of </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;any
disability or other defense of any other Borrower with respect to the Obligations, or with respect to the enforceability of Lender's security interest in or lien on
any collateral securing any of the Obligations (including, without limitation, the Collateral), </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;the
unenforceability or invalidity of any security or guaranty for the Obligations or the lack of perfection or continuing perfection or failure of priority of any
security for the Obligations with respect to any other Borrower, </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;the
cessation for any cause whatsoever of the liability of any other Borrower (other than to the extent of payment and performance of all Obligations), </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;any
failure of the Lender Group to marshal assets in favor of any Borrower or any other Person, </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;except
as otherwise expressly provided in the Financing Agreement, any failure of Agent, on behalf of the Lender Group, to give notice of sale or other disposition of
collateral to any other Borrower or any other Person other than such waiving Borrower, or any defect in any notice that may be given to any other Borrower or any other Person other than such waiving
Borrower, in </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>Exhibit I-3</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=3,SEQ=116,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=256662,FOLIO='3',FILE='DISK023:[03DEN8.03DEN2148]LY2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_ly2148_1_4"> </A>
<UL>
<BR>

<P><FONT SIZE=2>connection
with any sale or disposition of any collateral securing the Obligations or any of them (including, without limitation, the Collateral), </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;except
as otherwise expressly provided in the Financing Agreement any failure of Agent, on behalf of the Lender Group, to comply with applicable law in connection with
the sale or other disposition of any collateral or other security for any Obligation that is owned by another Borrower or by any other Person other than such waiving Borrower, including any failure of
Agent, on behalf of the Lender
Group, to conduct a commercially reasonable sale or other disposition of any such collateral or other security for any Obligation, </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;any
act or omission of the Lender Group or others that directly or indirectly results in or aids the discharge or release of any other Borrower, or the Obligations of
any other Borrower, or any security or guaranty therefor, by operation of law or otherwise, </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;any
law which provides that the obligation of a surety or guarantor must neither be larger in amount nor in other respects more burdensome than that of the principal or
which reduces a surety's or guarantor's obligation in proportion to the principal obligation, </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;any
failure of the Lender Group to file or enforce a claim in any bankruptcy or other proceeding with respect to any Person other than such waiving Borrower, </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;the
election by the Lender Group of the application or non-application of Section&nbsp;1111(b)(2) of the Bankruptcy Code, or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;any
action taken by the Lender Group that is authorized by this section or any other provision of any Loan Document. Until such time, if any, as all of the Obligations
have been paid and performed in full and no portion of any commitment of the Lender Group to any Borrower under any Loan Document remains in effect, no Borrower shall have any right of subrogation,
contribution, reimbursement or indemnity, and each Borrower expressly waives any right to enforce any remedy that the Lender Group now has or hereafter may have against any other Person and waives the
benefit of, or any right to participate in, any collateral now or hereafter held by Lender. Except to the extent expressly provided for in any Loan Document, each Borrower expressly waives, to the
maximum extent permitted by applicable law, all rights or entitlements to presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest,
notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Obligations, and all notices of acceptance of the Loan Documents or of the existence, creation
or incurring of new or additional Obligations. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7&nbsp;&nbsp;&nbsp;In
the event that all or any part of the Obligations at any time should be or become secured by any one or more deeds of trust or mortgages or other instruments creating
or granting liens on any interests in real property, each Borrower authorizes Lender Group, upon the occurrence of and during the continuance of any Event of Default, at its sole option, without
notice or demand except as is or may be expressly required by the terms of any Loan Document or by the provisions of any applicable law, to foreclose any or all of such deeds of trust or mortgages or
other instruments by judicial or nonjudicial sale, without affecting or diminishing, except to the extent of the effect of the application of the proceeds realized therefrom, and except to the extent
mandated by any non-waivable provision of applicable law, the Obligations of any Borrower (other than the Obligations of a grantor of a foreclosed deed of trust, mortgage, or other
instrument, to the extent, if any, that applicable law affects or diminishes the Obligations of such grantor), the enforceability of the Financing Agreement or any other Loan Document, or the validity
or enforceability of any remaining security interests or liens of, or for the benefit of, the Group on any collateral. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8&nbsp;&nbsp;&nbsp;To
the fullest extent permitted by applicable law, each Borrower expressly waives any defenses to the enforcement of the Financing Agreement, or to the enforcement of
any other Loan Document, or to any rights of the Lender Group created or granted hereby or thereby, or to the recovery by the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit I-4</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=4,SEQ=117,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=303136,FOLIO='4',FILE='DISK023:[03DEN8.03DEN2148]LY2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_ly2148_1_5"> </A>
<BR>

<P><FONT SIZE=2>Lender
Group against any Borrower or any other Person liable therefor of any deficiency after a judicial or nonjudicial foreclosure or sale of any Collateral, whether real or personal, from time to
time securing any of the Obligations, even though such a foreclosure or sale may impair the subrogation rights of one or more of the Borrowers and may preclude one or more of the Borrowers from
obtaining reimbursement or contribution from other Borrowers. To the fullest extent permitted by applicable law, each Borrower expressly waives any defenses or benefits that may be derived from all
suretyship defenses it otherwise might or would have under California or any other applicable law. To the fullest extent permitted by applicable law, each Borrower, for itself, expressly waives any
right to receive notice of any judicial or nonjudicial foreclosure or sale of any real property or interest therein of another Borrower that is subject to any such deeds of trust or mortgages or other
instruments, and any Borrower's failure to receive any such notice shall not impair or affect such Borrower's obligations or the enforceability of the Loan Documents or any rights of the Lender Group
created or granted hereby or thereby. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9&nbsp;&nbsp;&nbsp;Each
Borrower hereby agrees to keep each other Borrower fully apprised at all times as to the status of its business, affairs, finances, and financial condition, and its
ability to perform its Obligations under the Loan Documents, and in particular as to any adverse developments with respect thereto. Each Borrower hereby agrees to undertake to keep itself apprised at
all times as to the status of the business, affairs, finances, and financial condition of each other Borrower, and of the ability of each other Borrower to perform its Obligations under the Loan
Documents, and in particular as to any adverse developments with respect to any thereof. Each Borrower hereby agrees, in light of the foregoing mutual covenants to inform each other, and to keep
themselves and each other informed as to such matters, that the Lender Group shall have no duty to inform any Borrower of any information pertaining to the business, affairs, finances, or financial
condition of any other Borrower, or pertaining to the ability of any other Borrower to perform its Obligations under the Loan Documents, even if such information is adverse, and even if such
information might influence the decision of one or more of the Borrowers to continue to be jointly and severally liable for, or to provide Collateral for, Obligations of the other Borrower. To the
fullest extent permitted by applicable law, each Borrower hereby expressly waives any duty of the Lender Group to inform any Borrower of any such information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10&nbsp;The
Borrowers and each of them warrant and agree that each of the waivers and consents set forth herein are made after consultation with legal counsel and with full
knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy, or otherwise adversely affect rights that the
Borrowers otherwise may have against other Borrowers, Lender, or others, or against Collateral. If any of the waivers or consents herein are determined to be contrary to any applicable law or public
policy, such waivers and consents shall be effective to the maximum extent permitted by law. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11&nbsp;Anything
to the contrary in this Agreement notwithstanding, nothing in this Agreement shall constitute a waiver or relinquishment by any Borrower (a)&nbsp;of any
right to notice from the Lender Group expressly provided for in favor of such Borrower in any Loan Document, or (b)&nbsp;of any duty or obligation of the Lender Group expressly provided for in favor
of such Borrower in any Loan Document. </FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;MISCELLANEOUS.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1&nbsp;&nbsp;&nbsp;Section
headings and numbers have been set forth herein for convenience only. Unless the contrary is compelled by the context, everything contained in each section
applies equally to this entire agreement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[remainder
of this page intentionally omitted; signatures to follow] </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit I-5</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=5,SEQ=118,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=287863,FOLIO='5',FILE='DISK023:[03DEN8.03DEN2148]LY2148A.;3',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_lz2148_1_6"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first set forth above, and agree that it shall be governed by the laws of the State of
California. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=5><FONT SIZE=2>Read and Agreed to:</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Executed and Accepted at<BR>
Los Angeles, California</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY,&nbsp;INC.,</B></FONT><FONT SIZE=2> a&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5><BR><FONT SIZE=2><B>THE CIT GROUP/BUSINESS CREDIT,&nbsp;INC.,</B></FONT><FONT SIZE=2> a&nbsp;New&nbsp;York&nbsp;corporation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=5 VALIGN="TOP"><BR><FONT SIZE=2><B>TSA STORES,&nbsp;INC.,</B></FONT><FONT SIZE=2><BR>
a&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="5%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=5 VALIGN="TOP"><BR><FONT SIZE=2><B>GART BROS. SPORTING GOODS COMPANY,</B></FONT><FONT SIZE=2> a&nbsp;Colorado&nbsp;corporation</FONT></TD>
<TD WIDTH="5%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=5 VALIGN="TOP"><BR><FONT SIZE=2><B>SPORTMART,&nbsp;INC.,</B></FONT><FONT SIZE=2><BR>
a&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="5%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>[Signature
Page to Suretyship Agreement (1 of 2)] </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit I-6</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=119,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=242402,FOLIO='6',FILE='DISK023:[03DEN8.03DEN2148]LZ2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<A NAME="page_lz2148_1_7"> </A>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=5 VALIGN="TOP"><BR><FONT SIZE=2><B>OSHMAN'S SPORTING GOODS,&nbsp;INC.,</B></FONT><FONT SIZE=2> a&nbsp;Delaware&nbsp;corporation</FONT></TD>
<TD WIDTH="5%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=5 VALIGN="TOP"><BR><FONT SIZE=2><B>THE SPORTS AUTHORITY FLORIDA, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Florida&nbsp;corporation</FONT></TD>
<TD WIDTH="5%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=5 VALIGN="TOP"><BR><FONT SIZE=2><B> THE SPORTS AUTHORITY MICHIGAN, INC.,</B></FONT><FONT SIZE=2> a&nbsp;Michigan&nbsp;corporation</FONT></TD>
<TD WIDTH="5%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><HR NOSHADE></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:<BR>
Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>[Signature
Page to Suretyship Agreement (2 of 2)] </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit I-7</FONT></P>

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=120,EFW="2116056",CP="GART SPORTS COMPANY",DN="5",CHK=115342,FOLIO='7',FILE='DISK023:[03DEN8.03DEN2148]LZ2148A.;7',USER='DTAYLOR',CD='13-AUG-2003;08:50' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="03DEN2148_5">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_la2148_1">EXHIBIT 10.1</A></FONT><BR>
</UL>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lc2148_1">TABLE OF CONTENTS</A></FONT><BR>
<!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_lk2148_1">EXHIBIT A</A></FONT><BR>
</UL>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ll2148_1">Schedule 1 to Assignment and Transfer Agreement</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lm2148_1">EXHIBIT B Form of Revolving Loan Promissory Note REVOLVING CREDIT NOTE</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ln2148_1">EXHIBIT C Form of Seasonal Advance Request</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lo2148_1">EXHIBIT&#160;D</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lp2148_1">EXHIBIT&#160;E</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lr2148_1">EXHIBIT&#160;F</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lt2148_1">SCHEDULE A TO STOCK PLEDGE AGREEMENT</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lu2148_1">SCHEDULE B TO STOCK PLEDGE AGREEMENT</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lv2148_1">SCHEDULE C TO STOCK PLEDGE AGREEMENT</A></FONT><BR>
<!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_lw2148_1">EXHIBIT G</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_lw2148_2">Form of Disbursement Authorization DISBURSEMENT AUTHORIZATION</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_lx2148_1">Form of Intellectual Property Agreements PATENT COLLATERAL ASSIGNMENT</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_lx2148_2">Schedule 1 to the PATENT COLLATERAL ASSIGNMENT PATENTS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_lx2148_3">TRADEMARK COLLATERAL ASSIGNMENT</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_lx2148_4">Schedule 1 to the TRADEMARK COLLATERAL ASSIGNMENT TRADEMARKS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_lx2148_5">COPYRIGHT COLLATERAL ASSIGNMENT</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_lx2148_6">Schedule 1 to the COPYRIGHT COLLATERAL ASSIGNMENT COPYRIGHTS</A></FONT><BR>
<!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_ly2148_1">EXHIBIT I</A></FONT><BR>
</UL>
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