<PAGE>
                                                           Exhibit (10) (c) (2)

                                HUNT CORPORATION

                                    ADDENDUM
                                       to
                 Stock Option Agreements dated February 1, 2000


                  On December 16, 1999, the Compensation Committee of the Board
of Directors of Hunt Corporation (the "Company") granted stock options (the
"Options") to a number of persons under the Company's 1993 Stock Option and
Stock Grant Plan (the "Plan"). Subsequently option agreements dated February 1,
2000 (the "Option Agreements") were entered into between the Company and
Employees setting forth the terms of the Options.

                  Section 5 of the Option Agreements provides, in part, that the
Options are subject to possible acceleration as provided in Section 8 of the
Plan. Section 8 of the Plan, in turn, authorizes the Compensation Committee, in
its discretion, to accelerate, in whole or in part, options granted under the
Plan in the event the Compensation Committee determines that a change in control
of the Company has occurred or is likely to occur. Pursuant to such authority,
the Compensation Committee determined at the time of the granting of the Options
that, in the event of a Change in Control of the Company (as defined below), any
and all then outstanding unvested Options automatically shall accelerate and
immediately become exercisable in full. It is the purpose of this Addendum to
incorporate formally such automatic acceleration in such circumstances as a term
of the Options, it being understood, however, that such automatic acceleration
shall only be applicable to the Options granted December 16, 1999 and shall not
limit other authority granted to the Compensation Committee with respect to such
Options under the Plan, including Section 8 thereof.

                  As used in this Addendum, a "Change in Control" of the Company
shall be deemed to have occurred if:

(a)      any person (a "Person"), as such term is used in Sections 13(d) and
         14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
         Act") (other than (i) the Company and/or its wholly-owned subsidiaries,
         (ii) any ESOP or other employee benefit plan of the Company, and any
         trustee or other fiduciary in such capacity holding securities under
         such plan, (iii) any corporation owned, directly or indirectly, by the
         shareholders of the Company in substantially the same proportions as
         their ownership of stock of the Company or (iv) the Executive or any
         group of Persons of which he voluntarily is a part), is or becomes the
         "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act),
         directly or indirectly, of securities of the Company representing 30%
         or more of the combined voting power of the Company's then outstanding
         securities, or such lesser percentage of voting power, but not less
         than 15%, as the Board of Directors of the Company shall determine;
         provided, however that a Change in Control shall not be deemed to have
         occurred under the provisions of this subsection (a) by reason of the
         beneficial ownership of voting securities by members of the Bartol
         Family (as defined below) unless and until the beneficial ownership of
         all members of the Bartol Family (including any other individuals or
         entities who or which, together with any member or members of the
         Bartol Family, are deemed under Sections 13(d) or 14(d) of the Exchange
         Act to constitute a single Person) exceeds 50% of the combined voting
         power of the Company's then outstanding securities;

(b)      during any two-year period beginning after October 1, 1999, Directors
         of the Company in office at the beginning of such period plus any new
         Director (other than a Director designated by a Person who has entered
         into an agreement with the Company to effect a transaction within the
         purview of subsections (a) or (c) hereof) whose election by the Board
         of Directors of the Company, or whose nomination for election by the
         Company's shareholders, was approved by a vote of at least two-thirds
         of the Directors then still in office who either were Directors at the
         beginning of the period or whose election or nomination for election
         was previously so approved, shall cease for any reason to constitute at
         least a majority of the Board; or
<PAGE>

(c)      the Company's shareholders or the Company's Board of Directors shall
         approve (i) any consolidation or merger of the Company in which the
         Company is not the continuing or surviving corporation or pursuant to
         which the Company's voting common shares (the "Common Shares") would be
         converted into cash, securities and/or other property, other than a
         merger of the Company in which holders of Common Shares immediately
         prior to the merger have the same proportionate ownership of common
         shares of the surviving corporation immediately after the merger as
         they had in the Common Shares immediately before, (ii) any sale, lease,
         exchange or other transfer (in one transaction or a series of related
         transactions) of all or substantially all the assets or earning power
         of the Company, or (iii) the liquidation or dissolution of the Company.

                  As used in this Addendum, "members of the Bartol Family" shall
mean the wife, children and descendants of such children of the late George E.
Bartol III, their respective spouses and estates, any trusts primarily for the
benefit of any of the foregoing and the administrators, executors and trustees
of any such estates or trusts.


                  IN WITNESS WHEREOF, the Company, intending to be legally bound
hereby, has caused this Addendum to be duly executed by its officers thereunto
duly authorized.


(Corporate Seal)                            HUNT CORPORATION

Attest:

________________________                    By: ________________________