EXHIBIT 10.2
State Street Bank
Financial Markets Group
Global Trade Banking
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
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").
July 31, 2001
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 October 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
