Exhibit
      10.25

    POST
      CLOSING AGREEMENT

    


    This
      Post
      Closing Agreement (this “Agreement”)
      is
      entered into effective as of June 20, 2008 (“Closing
      Date”),
      by
      and among BANK OF AMERICA, N.A., as a Lender and as administrative agent for
      the
      Lenders (in its capacity as administrative agent, “Agent”),
      SPORT
      CHALET, INC., a Delaware corporation (“Borrower”).
      

    


    RECITALS:

    


    A. Borrower,
      Lenders, and Agent are parties to that certain Loan and Security Agreement,
      dated as of even date herewith (as such agreement may be amended, restated,
      or
      otherwise modified from time to time, the “Loan
      Agreement”).
      Initially capitalized terms used but not defined herein have the respective
      meanings set forth in the Loan Agreement.

    


    B. In
      connection with execution and delivery of the Loan Agreement, Borrower and
      Agent
      are entering into the agreements provided hereinbelow.

    


    NOW
      THEREFORE, for and in consideration of the premises and mutual agreements herein
      contained and other valuable consideration, the receipt and sufficiency of
      which
      are hereby acknowledged, Borrower and Agent hereby agree as
      follows:

    


    AGREEMENT:

    


    1. Post
      Closing Deliveries or Actions.
      Borrower agrees to deliver, or cause to be delivered, the following items to
      Agent, in each case in form and substance satisfactory to Agent and its counsel,
      and/or cause the following to occur, in each case on or before expiration of
      the
      respective specified time periods:

    


    (a) Stock
      Certificate.
      On or
      before June
      27, 2008,
      Borrower shall have delivered to Agent a validly issued certificate representing
      100% of the issued and outstanding Equity Interests of Sport Chalet Team Sales,
      Inc.

    


    (b) Landlord
      Waivers.
      On or
      before July
      20, 2008,
      Borrower shall have delivered to Agent a fully-executed Lien Waiver in
      connection with the property
      commonly
      known as One Sport Chalet Drive, La Canada, CA 91011;

    


    (c) Sport
      Chalet Value Services, LLC.
      On or
      before July
      30, 2008,
      Borrower shall have delivered to Agent satisfactory certificates of existence,
      good standing and tax status (as applicable) for Value Sales from each of the
      following jurisdictions: California, Arizona, Nevada, and Utah;

    


    (d) Cash
      Management. On
      or
      before August
      25, 2008,
      Borrower shall have delivered to Agent duly executed Deposit Account Control
      Agreements substantially in the form of Exhibit L attached to the Loan Agreement
      with respect to each deposit account of the Obligated Parties, and shall have
      made such arrangements with respect to such deposit accounts as may be necessary
      to permit Bank of America, as depositary bank, to implement the terms of such
      Deposit Account Control Agreements;

    


    (e) Sport
      Chalet Team Sales, Inc.
      On or
      before September
      30, 2008,
      Borrower shall have (i) delivered to Agent satisfactory certificates of
      existence, good standing and tax status (as applicable) for Team Sales from
      the
      State of California; (ii) caused Team Sales to execute and deliver to Agent
      such
      agreements as may reasonably be required to cause Team Sales to become an
      Obligated Party party to the Loan Agreement, guaranty the Obligations, and
      grant
      a first priority, perfected security interest (subject only to Permitted Liens)
      to Agent in each of the classes of assets as Borrower has granted as Collateral
      as security for the Obligations; and (iii) caused counsel for Team Sales to
      deliver to Agent a favorable opinion covering the due authorization, execution,
      delivery and enforceability of foregoing documents, non-contravention and
      perfection of the foregoing security interests, all consistent with the opinions
      delivered on behalf of Borrower and Value Services on the Closing
      Date;

    


    
      
         

      

      
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    (f) Landlord
      Waivers.
      On or
      before September
      30, 2008,
      Borrower shall have used its commercially reasonable efforts to deliver to
      Agent
      a fully-executed Lien Waiver in connection with each of the properties listed
      on
Exhibit
      A
      attached
      hereto;

    


    (g) Assignment
      of Websites.
      On or
      before September
      30, 2008,
      Borrower shall have used its commercially reasonable efforts to deliver to
      a
      fully-executed acknowledgement to the Assignment of Websites and Power of
      Attorney, duly executed by Network Solutions, LLC;

    


    The
      failure to timely deliver any of the items in clauses (a) through (e) above
      or
      cause any of the items in clauses (a) through (e) above to occur shall
      constitute an Event of Default, and Agent and Lenders shall have all default
      rights and remedies granted to them thereunder. 

    


    The
      failure to timely deliver any of the items required by clause (f) above shall
      not constitute an Event of Default. However, upon the failure to timely deliver
      the items in clause (f) above, Agent may, in its sole discretion, implement
      or
      adjust the Collateral Access Reserve in accordance with the terms of the Loan
      Agreement in respect of each location for which a fully-executed Lien Waiver
      has
      not been delivered.

    


    The
      failure to timely deliver the acknowledgement required by clause (g) above
      shall
      not constitute an Event of Default so long as Borrower has used its commercially
      reasonably efforts to obtain such acknowledgement.

    


    2. Reliance.
      Borrower acknowledges that Agent and Lenders are entering into this Agreement
      at
      the request of Borrower and hereby expressly acknowledges that Agent and Lenders
      are relying upon Borrower’s agreement to strictly comply with the requirements
      of this Agreement in accordance with its terms. Nothing in this Agreement limits
      any rights of Agent or Lenders, or any obligations of Borrower, as provided
      by
      the Loan Documents.

    


    3. Successors
      and Assigns.
      This
      Agreement shall be binding upon and shall inure to the benefit of the parties
      hereto, their heirs, executors, administrators, successors, legal
      representatives, and assigns.

    


    4. Miscellaneous.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      an original and all of which, when taken together, shall constitute one
      agreement and shall be considered to be a Loan Document. This letter, together
      with the Loan Agreement and the other Loan Documents, embodies the entire
      agreement among the parties with respect to the subject matter hereof and amends
      and supersedes all prior agreements and understandings relating to such subject
      matter. This letter shall be governed by the laws of the State of California.
      To
      the extent not prohibited by applicable law, each of the parties hereto waives
      its right to a trial by jury, if any, in any action to enforce, defend,
      interpret, or otherwise concerning this letter. Without limiting the
      applicability of any other provision of the Loan Agreement, the terms of
      Sections 14.13 and 14.14 of the Loan Agreement are incorporated herein,
mutatis
      mutandis,
      and
      shall apply to and govern this Agreement.

    


    
      
         

      

      
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    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement effective
      as of
      the day and year first written above.

    


    
      	
              SPORT
                CHALET, INC.,

            
	
              a
                Delaware corporation

            
	 	 
	
              By:

            	
              /s/
                Howard Kaminsky

            
	
              Name:

            	
              Howard
                Kaminsky

            
	
              Title:

            	
              Executive
                Vice President and CFO

            
	 	 


    

    


    
      
         

      

      
        
          Signature
            Page

        

        
          

        

      

      
         

      

    

    


    
      	
              BANK
                OF AMERICA, N.A.,

            
	
              as
                Agent and Lender

            
	 	 
	
              By:

            	
              /s/
                Stephen King

            
	
              Name:
                

            	
              Stephen
                J. King

            
	
              Title:

            	
              Vice
                President

            


    

     

    
      
         

      

      
        
          Signature
            Page