EXHIBIT 10.2
AMENDMENT TO CONSULTING AGREEMENT
THIS AMENDMENT is made and entered into this 15th day of December 1997, by
and between CONVERSE INC., a Delaware Corporation ("Converse"), and APOLLO
ADVISORS, L.P. limited partnership (the "Advisor").
WHEREAS, Converse and the Advisor entered into a certain consulting
agreement dated as of November 16, 1994 whereby the Advisor provides certain
consulting services to Converse (the "Consulting Agreement"); and
WHEREAS, each of the parties desires to amend the Consulting Agreement as
set forth below.
NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Fees. The fees payable by Converse to the Advisor shall be reduced
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from the annual rate of $500,000 to the annual rate of $375,000 for
1997. Beginning on January 2, 1998, the annual rate shall revert to
$500,000.
2. Except as herein expressly modified, the terms and conditions of the
Consulting Agreement shall continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the day and date first written above.
CONVERSE INC.
/s/ Xxxxxx X. Xxxxxxx
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Witness By: Xxxxxx X. Xxxxxxx
Title: Sr Vice President & CFO
APOLLO ADVISORS L.P.
/s/ Xxxx Xxxxxx
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Witness By: Xxxx Xxxxxx
Title: Vice President
