BEC GROUP, INC.
000 XXXXXXXX XXXXX XXXXXX
XXXXX X-000
XXX, XXX XXXX 00000
TEL: (000) 000-0000
FAX: (000) 000-0000/7
E-MAIL: XXXXxxxx.xxx
XXXXXX X. XXXXXXXX
CHAIRMAN OF THE BOARD
Xx. Xxxxxx Xxxxx and Bolle Family
0000, Xxxxxx Xxxxxxx Xxxxxx
Xxxxxx 00000
Xxxxxx
Dear Xxxxxx and fellow Bolle family members:
This letter confirms our agreement that in the event that the Series A
preferred stock outstanding in Bolle Inc. is not paid in full by its due
date, that the preferred stock will start accruing interest from July, 2000
on the same terms as are outlined in the Series B preferred stock.
Yours sincerely,
/s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx
