EXHIBIT (10)(c)(2)
May 20, 1998
Enterprise Funding Corporation
c/o Merrill Xxxxx Money Markets Inc.
World Financial Center - South Tower
000 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attention: Xxxxxx Xxxxx
Nations Bank, N.A.
Nations Bank Xxxxxxxxx Xxxxxx 00xx Xxxxx
Xxxxxxxxx, XX 00000
Attention: Xxxxxxxx X. Xxxxx
Dear Xx. Xxxxx and Xx. Xxxxx:
Reference is herein made to the Transfer and Administration
Agreement, dated as of January 24, 1996, among Enterprise Funding
Corporation, K2 Inc., formerly known as Xxxxxxx Industries, Inc., and
NationsBank N.A., as amended (the "Agreement").
The undersigned hereby desires to extend the date referred to
in clause (v) of the definition of "Termination Date" in the Agreement to May
19, 1999, subject to payment of the Annual Renewal Fee in accordance with the
Fee Letter (as defined in the Agreement).
The undersigned hereby represents and warrants to you that its
representations and warranties set forth in the Agreement are true and
correct as of the date hereof (except those representations and warranties
set forth herein which specifically relate to an earlier date) and that no
Termination Event exists on and as of the date hereof.
All other terms and conditions of the Agreement not amended by
this letter agreement shall remain unchanged and in full force and effect.
48
Enterprise Funding Corporation
May 20, 1998
Page 2
If you are in agreement with the above, kindly sign below and
return a copy of this letter to the undersigned.
K2 INC.
By:______________________________________
Agreed, effective upon
receipt of Annual Renewal
Fee referred to above:
ENTERPRISE FUNDING
CORPORATION
By:____________________________
NATIONSBANK, N.A.
By:____________________________
49
