K2 INC
EXHIBIT 10(A)
<DOCUMENT>
<TYPE>EX-10.(A)
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<DESCRIPTION>EXHIBIT 10(A)
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="ke2493_exhibit_10(a)"> </A>
<A NAME="toc_ke2493_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 10(a)    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke2493_fourth_amendment_and_limited_w__fou03102"> </A>
<A NAME="toc_ke2493_2"> </A>
<BR></FONT><FONT SIZE=2><B><I>FOURTH AMENDMENT AND LIMITED WAIVER TO TRANSFER AND<BR>  ADMINISTRATION AGREEMENT</I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;FOURTH
AMENDMENT AND LIMITED WAIVER TO TRANSFER AND ADMINISTRATION AGREEMENT (this "</FONT><FONT SIZE=2><I>Amendment</I></FONT><FONT SIZE=2>"), dated as of September&nbsp;30, 2001,
to the Amended and Restated Transfer and Administration Agreement, dated as of April&nbsp;4, 2000 (the "</FONT><FONT SIZE=2><I>Agreement</I></FONT><FONT SIZE=2>"), among ENTERPRISE FUNDING
CORPORATION, a Delaware corporation (the "</FONT><FONT SIZE=2><I>Company</I></FONT><FONT SIZE=2>"), K2 FUNDING,&nbsp;INC., a Delaware corporation, as the transferor (the
"</FONT><FONT SIZE=2><I>Transferor</I></FONT><FONT SIZE=2>"), K2&nbsp;INC., a Delaware corporation ("</FONT><FONT SIZE=2><I>K2&nbsp;Inc.</I></FONT><FONT SIZE=2>") as the master servicer (the
"</FONT><FONT SIZE=2><I>Master Servicer</I></FONT><FONT SIZE=2>") and BANK OF AMERICA, NATIONAL ASSOCIATION, a national banking association ("</FONT><FONT SIZE=2><I>Bank of
America</I></FONT><FONT SIZE=2>"), as agent for the Company and the Bank Investors (in such capacity, the "</FONT><FONT SIZE=2><I>Agent</I></FONT><FONT SIZE=2>"), as Administrative Agent and as a
Bank Investor. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B><I>PRELIMINARY STATEMENTS</I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Company, the Transferor, the Master Servicer and the Agent have entered into the Agreement; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Transferor and the Master Servicer have requested that the Agreement be amended and waived in the manner set forth below; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Company and the Agent have agreed, subject to the terms and conditions of this Amendment, to waive and amend certain provisions of the Agreement as hereinafter set forth. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein, the parties hereby agree as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Definitions</I></FONT><FONT SIZE=2>. Except as otherwise stated herein, capitalized terms not defined herein shall have the respective
meanings assigned to them in the Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Amendments to the Agreement</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the satisfaction of the conditions to effectiveness set forth in Section&nbsp;5 hereof, the Company and the Agent hereby agree to the following amendments to the
Agreement: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)
Section&nbsp;1.1 of the Agreement is hereby amended by replacing the factor "1.5" which appears in clause&nbsp;(i) of the definition of "Dilution Reserve" with the factor
"2.5". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)Section&nbsp;1.1
of the Agreement is hereby amended by replacing the formula which appears in the definition of "Liquidation Yield" with the following formula: </FONT></P>

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<TD COLSPAN=5 ALIGN="CENTER"><FONT SIZE=2>(RVF&nbsp;&times;&nbsp;LBR&nbsp;&times;&nbsp;NI)&nbsp;&times;&nbsp;(<U>EM&nbsp;&times;&nbsp;2.5</U>)<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360</FONT></TD>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)
Section&nbsp;1.1 of the Agreement is hereby amended by replacing the words "three (3)&nbsp;times" which appear in clause&nbsp;(i) of the definition of "Loss Percentage" with
the words "four (4)&nbsp;times". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)
Section&nbsp;1.1 of the Agreement is hereby amended by replacing the amount "$7,500,000" which appears in the last sentence of the definition of "Loss Reserve" with the amount
$"15,000,000". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(e)
Section&nbsp;1.1 of the Agreement is hereby amended by replacing the factor "1.5" which appears in clause&nbsp;(x) of the definition of "Servicing Fee Reserve" with the factor
"2.5". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(f)
Exhibit&nbsp;C to the Agreement is hereby deleted and replaced with a new Exhibit&nbsp;C in the form of </FONT><FONT SIZE=2><I>Annex 1</I></FONT><FONT SIZE=2> hereto. The
Master Servicer hereby represents and warrants to the Agent that </FONT><FONT SIZE=2><I>Annex 1</I></FONT><FONT SIZE=2> hereto contains a true and complete list of all the Account Banks and all of
the Accounts maintained by the Master Servicer or any Seller for the purpose of receiving Collections from Receivables. </FONT></P>

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<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;3. </FONT><FONT SIZE=2><I>Limited Waivers to the Agreement</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)
Subject to the satisfaction of the conditions to effectiveness set forth in Section&nbsp;5 hereof, the Company, Agent and Bank Investors hereby agree to waive, during (and only
during) the period from and including September&nbsp;30, 2001 to and including November&nbsp;12, 2001 (the "</FONT><FONT SIZE=2><I>Waiver Period</I></FONT><FONT SIZE=2>"), the following
provisions of the Agreement: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(i)
the requirement that the Leverage Ratio, as set forth in Section&nbsp;II of Exhibit&nbsp;M of the Agreement, not exceed 3.00 to 1 at September&nbsp;30, 2001; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(ii)
the requirement that the Interest Coverage Ratio, as set forth in Section&nbsp;III of Exhibit&nbsp;M of the Agreement, not exceed 3.50 to 1.00 at any time. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)
The waivers granted herein shall be limited as provided in Section&nbsp;3(a) hereof and (i)&nbsp;shall not constitute a waiver of compliance with any other term or condition
in the Agreement and (ii)&nbsp;shall not constitute a waiver of compliance with the provisions of the Leverage Ratio or the Interest Coverage Ratio during the Waiver Period at any time on or after
12:01 AM (New York City time) on November&nbsp;13, 2001. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;4.
</FONT><FONT SIZE=2><I>Representations and Warranties</I></FONT><FONT SIZE=2>. To induce the Company and the Agent to enter into this Amendment, the Transferor and the Master
Servicer each makes the following representations and warranties (which representations and warranties shall survive the execution and delivery of this Amendment) as of the date hereof, after giving
effect to the amendments set forth herein: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)
it has the power, authority and legal right to make and deliver this Amendment and to perform its obligations under the Agreement, as amended by this Amendment, without any
notice, consent, approval or authorization not already obtained, and that it has taken all necessary action to authorize the same. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)
the making and delivery of this Amendment and the performance of the Agreement, as amended by this Amendment, do not violate any provision of law or any regulation, or its charter
or by-laws, or result in the breach of or constitute a default under or require any consent under any indenture or other agreement or instrument to which it is a party or by which it or
any of its properties may be bound or affected. The Agreement, as amended by this Amendment, constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms,
except as the enforceability thereof may be limited by any applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors' rights generally. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)
the representations and warranties made by it contained in any Transaction Document are true and correct on and as of the date of this Amendment and after giving effect hereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)
no Termination Event or Potential Termination Event has occurred and is continuing under the Agreement after giving effect to this Amendment. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5. </FONT> <FONT SIZE=2><I>Effectiveness</I></FONT><FONT SIZE=2>. This Amendment shall become effective as of the date hereof, upon the receipt by the Agent of: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)
an executed counterpart of this Amendment from each party hereto; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)
fully executed copies of the Account Agreements for Shakespeare and K-2 (including Notices of Effectiveness in the form of Annex 1 thereto with respect thereto
executed by Shakespeare and K-2); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)
the payment of the fees and expenses of counsel to the Agent. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;6.
</FONT><FONT SIZE=2><I>Reference to and Effect on the Transaction Documents</I></FONT><FONT SIZE=2>. Each reference in the Agreement to "this Agreement", "hereunder", "hereof" or
words of like import, and each reference in any other Transaction Document to "the Transfer and Administration Agreement", "thereunder", "thereof" or </FONT></P>

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

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<P><FONT SIZE=2>
words of like import, referring to the Agreement, shall mean and be a reference to the Agreement as amended hereby. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.
</FONT><FONT SIZE=2><I>Agreement and all other Transaction Documents in Full Force and Effect</I></FONT><FONT SIZE=2>. Except as specifically amended hereby, each Transaction
Document and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of the Company, any Bank Investor or the Agent under any Transaction Document, nor constitute a waiver of any provision of
any Transaction Document. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;8.
</FONT><FONT SIZE=2><I>Counterparts</I></FONT><FONT SIZE=2>. This Amendment may be signed in any number of counterparts, each of which shall be an original and all of which taken
together shall constitute a single instrument with the same effect as if the signatures thereto and hereto were upon the same instrument. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9. </FONT> <FONT SIZE=2><I>Governing Law</I></FONT><FONT SIZE=2>. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. </FONT></P>

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

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<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the Company, the Transferor the Master Servicer and the Agent have caused this Amendment to be duly executed by their respective duly authorized officers as of the
day and year first above written. </FONT></P>

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<TD COLSPAN=3><FONT SIZE=2>K2 FUNDING,&nbsp;INC.,<BR>
as Transferor</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><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="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><HR NOSHADE><FONT SIZE=2> Name: John J. Rangel<BR>
Title: Senior Vice President&#151;Finance</FONT></TD>
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<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>K2&nbsp;INC.,<BR>
as Master Servicer</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><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="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><HR NOSHADE><FONT SIZE=2> Name: John J. Rangel<BR>
Title: Senior Vice President&#151;Finance</FONT></TD>
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<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>ENTERPRISE FUNDING CORPORATION,<BR>
as the Company</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><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="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><HR NOSHADE><FONT SIZE=2> Name:<BR>
Title:<BR></FONT>
</TD>
</TR>
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<TD WIDTH="47%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>BANK OF AMERICA, NATIONAL ASSOCIATION,<BR>
as Agent and as Bank Investor</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%"><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="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><BR><HR NOSHADE><FONT SIZE=2> Name:<BR>
Title:<BR></FONT>
</TD>
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<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="ke2493_annex_1_new_exhibit_c"> </A>
<A NAME="toc_ke2493_3"> </A>
<BR></FONT><FONT SIZE=2><B>ANNEX 1<BR>  <BR>    New Exhibit&nbsp;C    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke2493_list_of_account_banks___accounts"> </A>
<A NAME="toc_ke2493_4"> </A>
<BR></FONT><FONT SIZE=2><B>List of Account Banks&nbsp;&amp; Accounts    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<U>K2 Corporation</U> </FONT></P>

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<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Account Bank</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Address</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Account No.</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2>Bank of America, N.A.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>1850 Gateway Boulevard<BR>
Concord, CA 94520<BR>
Attn: Barbara Garibaldi</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>No. 1233386794</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><U>Shakespeare
Company</U> </FONT></P>

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<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Account Bank</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Address</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Account No.</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2>Shakespeare Monofilament<BR>
Bank of America, N.A.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>1850 Gateway Boulevard<BR>
Concord, CA 94520<BR>
Attn: Barbara Garibaldi</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>No. 3752134881</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2><BR>
Shakespeare Fishing Tackle / Composite &amp; Electronics<BR>
Bank of America, N.A.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
1850 Gateway Boulevard<BR>
Concord, CA 94520<BR>
Attn: Barbara Garibaldi</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2><BR>
No. 3752134878</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><U>Stearns&nbsp;Inc.</U>
</FONT></P>

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<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Account Bank</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Address</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="32%" ALIGN="CENTER"><FONT SIZE=1><B>Account No.</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2>Wells Fargo Bank Minnesota, N.A.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>MAC N9305-031<BR>
Sixth and Marquette<BR>
Minneapolis, MN 55479<BR>
Attn: Molly Van Metre</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=2>No. 000-0833176</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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<P><br><A NAME="01BHL2493_2">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_ke2493_1">EXHIBIT 10(a)</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_ke2493_2">FOURTH AMENDMENT AND LIMITED WAIVER TO TRANSFER AND ADMINISTRATION AGREEMENT</A></FONT><BR>
<UL>
<FONT SIZE=2><A HREF="#toc_ke2493_3">ANNEX 1 New Exhibit C</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_ke2493_4">List of Account Banks &amp; Accounts</A></FONT><BR>
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