Exhibit 10.2
October 19, 2001
Xx. Xxxxxxx Xxxxx
Chief Financial Officer
Saucony, Inc.
00 Xxxxxxxxxx Xxxxx
Xxxxxxx, XX 00000
Re: Amendment to Revolving Credit Agreement dated August 31, 1998 by and
between State Street Bank and Trust Company, a Massachusetts trust
company, as lender and Saucony, Inc. ("Saucony"), as borrower (the
"Credit Agreement").
Dear Xxxxxxx:
This letter is to confirm that the Termination Date (as defined in Section
1.1 of the Credit Agreement) shall be extended until December 1, 2001.
Saucony agrees that the Credit Agreement and all documents executed in
connection therewith or pursuant thereto remain in full force and effect after
giving effect to this letter amendment to Credit Agreement.
Please confirm that the foregoing correctly sets forth our agreement by
signing and returning the duplicate copy of this letter agreement enclosed
herewith.
Very truly yours,
STATE STREET BANK AND TRUST COMPANY
By: /s/ Xxxxxxxxxx Xxxx
Name: Xxxxxxxxxx Xxxx
Title: Vice President
BORROWER:
SAUCONY, INC.
By: /s/ Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: Chief Financial Officer
