Exhibit 10.02

SECOND AMENDMENT TO CREDIT AGREEMENT

THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is dated as of
June 29, 2009 and is made by and among UNDER ARMOUR, INC., a Maryland
corporation (the “Borrower”), the GUARANTORS (as defined below), the LENDERS (as
defined below), and PNC BANK, NATIONAL ASSOCIATION, in its capacity as
administrative agent for the Lenders under this Agreement (in such capacity, the
“Administrative Agent”), SUNTRUST BANK, as Syndication Agent (in such capacity,
the “Syndication Agent”), and COMPASS BANK, as Documentation Agent (in such
capacity, the “Documentation Agent”).

RECITALS

A. Pursuant to that certain Credit Agreement dated as of January 28, 2009 (the
“Credit Agreement”) among the Borrower, the Guarantors (as defined therein), the
Lenders (as defined therein), the Administrative Agent, the Syndication Agent,
and the Documentation Agent, as amended by the First Amendment to Credit
Agreement dated as of May 13, 2009 (as amended, the “Credit Agreement”), the
Lenders extended (or committed to extend) credit to the Borrower as set forth
therein.

B. The Loan Parties (as defined in the Credit Agreement) have requested that the
Lenders make certain amendments to the Credit Agreement, and the Lenders are
willing to do so, but only on the terms and conditions set forth in this
Amendment.

NOW, THEREFORE, the parties hereto agree:

1. Unless otherwise defined to the contrary herein, all capitalized terms used
in this Amendment shall have the meaning set forth in the Credit Agreement.

2. Section 7.2.8 of the Credit Agreement is hereby amended and restated in its
entirety as follows:

“7.2.8 Subsidiaries. Each of the Loan Parties shall not, and shall not permit
any of its Subsidiaries to own or create directly or indirectly any Subsidiaries
other than (i) any Subsidiary which has joined this Agreement as a Guarantor on
the Closing Date; (ii) any Subsidiary formed after the Closing Date which,
within thirty (30) days of formation, joins this Agreement as a Guarantor by
delivering to the Administrative Agent (A) a signed Guarantor Joinder;
(B) documents in the forms described in Section 6.1 [First Loans] modified as
appropriate; and (C) documents necessary to grant and perfect Prior Security
Interests, subject to Permitted Liens, if any, to the Administrative Agent for
the benefit of the Lenders in the equity interests of, and Collateral held by,
such Subsidiary, and (iii) subsidiaries not formed under the state or federal
laws of the United States, 65% of whose Subsidiary Equity Interests are pledged
to the Administrative Agent for the benefit of the Lenders within thirty
(30) days of its formation pursuant to the Pledge Agreement; provided, however,
that the Loan Parties shall not be required to pledge to the Administrative
Agent for the benefit of the Lenders 65% of the Subsidiary Equity Interests of
Under Armour International Holdings, C.V., a limited partnership formed under
the laws of the Netherlands (“Under Armour CV”), or UA Sourcing CBT, a trust
established under the laws of the People’s Republic of China (“UA

--------------------------------------------------------------------------------

CBT”) if the Administrative Agent determines, in its sole discretion, that the
Loan Parties and Foreign Subsidiaries of the Loan Parties have met and continue
to meet the following conditions, and the Loan Parties covenant to, and shall
cause each of their Foreign Subsidiaries to, adhere to such conditions: (A) the
trustee of UA CBT is not permitted to undertake any business other than as
acting as trustee of UA CBT; (B) 100% of the Subsidiary Equity Interests of
Under Armour CV, UA CBT and the trustee of UA CBT shall be held by one or more
of the Loan Parties and Foreign Subsidiaries of the Loan Parties; and (C) the
Loan Parties and Foreign Subsidiaries of the Loan Parties who at any time hold
the Subsidiary Equity Interests of Under Armour CV, UA CBT and the trustee of UA
CBT shall not pledge such Subsidiary Equity Interests to any Person; provided,
further, that the following actions with respect to Under Armour CV and/or UA
CBT, as applicable, shall require the written consent of the Required Lenders:
(D) amending any provision of the organizational documents of Under Armour CV,
UA CBT or the trustee of UA CBT; (E) requiring or making contributions of any
assets or requiring or making any loans to Under Armour CV in excess of (1) the
initial $180,000 provided at the time of formation of forming Under Armour CV
and (2) $50,000 in the remainder of 2009 and beginning in 2010, $100,000 per
fiscal year for administrative costs of Under Armour CV (except for the
liability of Under Armour Manufacturing, LLC as the general partner of Under
Armour CV for all of the debts of Under Armour CV); (F) with respect to Under
Armour CV, holding assets in the name of any Person other than Under Armour
Manufacturing, LLC as the general partner of Under Armour CV (except for equity
interests in any Subsidiary for which applicable law requires the interests to
be titled in the name of Under Armour CV) ; (G) naming or replacing any director
or officer of the trustee of UA CBT with anyone other than an employee of the
Borrower or any wholly-owned Subsidiary of the Borrower (the Administrative
Agent may require that such officers or directors of the trustee who are not
employees of the Borrower or any wholly-owned Subsidiary of the Borrower be
replaced); (H) appointing additional trustees or a replacement trustee of UA
CBT; and (I) with respect to UA CBT, acquiring any interest in any other Person,
other than wholly-owned Subsidiaries, through a joint venture or any other
structure.”

3. The Loan Parties and the Lenders hereby ratify and confirm their respective
obligations under the Credit Agreement, as amended by this Amendment, and agree
that the Credit Agreement hereby remains in full force and effect after giving
effect to the effectiveness of this Amendment and that, upon such effectiveness,
all references in the Loan Documents to the “Credit Agreement” shall be
references to the Credit Agreement as amended by this Amendment.

4. Except as specifically set forth above, this Amendment shall not be deemed to
amend or alter in any respect the terms and conditions of the Credit Agreement.

5. This Amendment may be executed in counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract.

6. This Amendment shall be construed in accordance with and governed by the laws
of the Commonwealth of Pennsylvania without regard to its conflict of laws
principles.

 

2

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly
authorized, have executed this Amendment as of the day and year first above
written.

 

ATTEST:

   

UNDER ARMOUR, INC.,

a Maryland corporation

  /s/ John Stanton     By:   /s/ Brad Dickerson       Printed:    Brad Dickerson
      Title:   CFO      

UNDER ARMOUR MANUFACTURING, LLC,

a Maryland limited liability company

      By: Under Armour, Inc., a Maryland corporation, its sole member   /s/ John
Stanton     By:   /s/ Brad Dickerson       Printed:   Brad Dickerson      
Title:   CFO      

UNDER ARMOUR RETAIL, INC.,

a Maryland corporation

  /s/ John Stanton     By:   /s/ Brad Dickerson       Printed:   Brad Dickerson
      Title:   Treasurer      

UNDER ARMOUR HOLDINGS, INC.,

a Maryland corporation

  /s/ John Stanton     By:   /s/ Brad Dickerson       Printed:   Brad Dickerson
      Title:   Vice President

--------------------------------------------------------------------------------

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

ATTEST:    

UNDER ARMOUR RETAIL OF MARYLAND, L.L.C.

UNDER ARMOUR RETAIL OF FLORIDA, LLC

UNDER ARMOUR RETAIL OF OHIO, LLC

UNDER ARMOUR RETAIL OF CALIFORNIA, LLC

UNDER ARMOUR RETAIL OF TEXAS, LLC

UNDER ARMOUR RETAIL OF WISCONSIN, LLC

UNDER ARMOUR RETAIL OF MASSACHUSETTS, LLC

UNDER ARMOUR RETAIL OF PENNSYLVANIA, LLC

UNDER ARMOUR RETAIL OF DELAWARE, LLC

UNDER ARMOUR RETAIL OF GEORGIA, LLC

UNDER ARMOUR RETAIL OF NEW YORK, LLC

UNDER ARMOUR RETAIL OF NEW JERSEY, LLC

UNDER ARMOUR RETAIL OF DC, LLC

UNDER ARMOUR RETAIL OF CONNECTICUT, LLC

UNDER ARMOUR RETAIL OF ILLINOIS, LLC

UNDER ARMOUR RETAIL OF SOUTH CAROLINA, LLC

UNDER ARMOUR RETAIL OF MICHIGAN, LLC

UNDER ARMOUR RETAIL OF MAINE, LLC

UNDER ARMOUR RETAIL OF TENNESSEE, LLC

UNDER ARMOUR RETAIL OF VIRGINIA, LLC,

UNDER ARMOUR RETAIL OF COLORADO, LLC

UNDER ARMOUR RETAIL OF NEW HAMPSHIRE, LLC

      each a limited liability company       By: Under Armour Retail, Inc., its
sole member   /s/ John Stanton     By:   /s/ Brad Dickerson       Printed:  
Brad Dickerson       Title:   Treasurer

--------------------------------------------------------------------------------

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

PNC BANK, NATIONAL ASSOCIATION, individually and as Administrative Agent By:  
/s/ John E. Hehir

Printed: John E. Hehir

Title: Senior Vice President, Corporate Banking

--------------------------------------------------------------------------------

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

SUNTRUST BANK,

individually and as Syndication Agent

By:   /s/ Gregory A. Farno

Printed: Gregory A. Farno

Title: Senior Vice President

--------------------------------------------------------------------------------

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

COMPASS BANK,

individually and as Documentation Agent

By:   /s/ W. Brad Davis

Printed: W. Brad Davis

Title: Vice President

--------------------------------------------------------------------------------

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

BRANCH BANKING & TRUST COMPANY By:   /s/ James E. Davis

Printed: James E. Davis

Title: Senior Vice President

--------------------------------------------------------------------------------

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

BANK OF AMERICA, N.A. By:   /s/ Mary Giermek

Printed: Mary Giermek

Title: Senior Vice President

--------------------------------------------------------------------------------

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

 

MANUFACTURERS AND TRADERS TRUST COMPANY By:   /s/ Glenn A. Page

Printed: Glenn A. Page

Title: Vice President