Series A Bonds
                               Extension Agreement

                                                               September 3, 1998

Mr. Eiichi Isomura
Chairman and President
Isomura Sangyo Kaisha Ltd.

Dear Eiichi:

This letter sets forth the  agreement of Isomura  Sangyo  Kaisha Ltd. (the "Bond
Holder") to extend the payment terms on the Variable  Rate A- I Bonds,  Variable
Rate A-2 Bonds and  Variable  Rate A-3 Bond  ("the  Bonds")  which it holds from
Marker International.

The extension of the Bonds is outlined in detail as follows:

Variable Rate A-1 Bonds ( the "A-1 Bonds")
------------------------------------------

The A- I  Bonds  were  issued  in 6  certificate  numbers  and  had an  original
aggregate value of $8,000,000,  of which $4,000,000 has been repaid. At the date
of this  agreement  the A-1 Bonds  Certificate  Number 5 for  $2,000,000  has an
amended due date of October 1, 1998 and Certificate  Number 6 for $2,000,000 has
an amended due date of October 1, 1999.  Each of the two A-1 Bonds pay  interest
at the Japanese Bank Rate as defined on the Bond Certificate.

This  agreement  extends  the  payment  due  dates of  Certificate  Number 5 for
$2,000,000 to October 1, 1999 and Certificate Number 6 for $2,000,000 to October
1, 2000.

Variable Rate A-2 Bonds ( the "A-2 Bonds")
------------------------------------------

The A-2 Bonds were issued in 4 certificate numbers and had an original aggregate
value of $10,000,000,  of which $5,000,000 has been repaid.  At the date of this
agreement the A-2 Bonds  Certificate  Number 3 for $2,500,000 has an amended due
date of December 16, 1998 and Certificate Number 4 for $2,500,000 has an amended
due date of  December  16,  1999.  Each of the two  outstanding  A-2  Bonds  pay
interest at the Japanese Bank Rate plus 3% as defined on the Bond Certificate.

This  agreement  extends  the  payment  due  dates of  Certificate  Number 3 for
$2,500,000  to December 15, 1999,  and  Certificate  Number 4 for  $2,500,000 to
December 15, 2000.

Variable Rate A-3 Bond ( the "A-3 Bond")
----------------------------------------

The  A-3  Bond  was  issued  in I  certificate  and  had an  original  value  of
$1,000,000.  At the date of this agreement the A-3 Bond Certificate Number I for
$1,000,000  has an amended  due date of  December  16,  1999.  The A-3 Bond pays
interest at the Japanese Bank Rate plus 3% as defined on the Bond Certificate.



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Page 2
Bond Extension Agreement


This agreement extends the payment due dates of the A-3 Bond, Certificate Number
I for $1,000,000 to December 16, 2001.

Upon demand of the Bond Holder,  the Bonds may be converted  from United  States
dollar   denominated   bonds  to  Japanese  yen  denominated  bonds  (the  "Bond
Conversion").  The Bond Holder must notify Marker International to enable Marker
International to secure foreign exchange contract to enable Marker International
to convert  Untied States  dollars to Japanese yen at the scheduled  maturity of
the Bonds.

The interest rate for the Bonds shall reflect the Bond  Conversion,  in that the
rate of interest paid on the Bonds shall be adjusted to reflect the Japanese yen
borrowing rate (the "Japanese Yen Bank Rate") not the current Japanese Bank Rate
as  defined  on the  Bonds.  The A-2 Bonds and the A-3 Bond  shall  continue  to
include a 3% premium over the Japanese Yen Bank Rate.

Each of the Bonds shall accrue  interest at the defined rate on the  outstanding
principal amount of the Bonds.  Marker  International  shall pay interest to the
Bond Holder  semi-annually of $125,000 ("the Interest  Payment").  Such Interest
Payment by Marker  International shall be applied to the accrued interest on the
Bonds pro-rata to the amount of interest accrued on the Bonds. In as much as the
Interest Payment made by Marker  International is less than the accrued interest
on the applicable  bond, the remaining  accrued but unpaid interest shall become
due and payable only upon the payment of the principal  amount of the applicable
bond. In as much as the Interest  Payment made by Marker  International  is more
than the accrued  interest on the applicable  bond, the excess interest shall be
applied to pro-rata to the to the 3% premium on the A-2 Bonds and the A-3 Bond.

Except  as  specifically  set  forth  herein,  the  terms  of the  Bonds  remain
unchanged.

If this letter is consistent with your understanding of our arrangement,  please
indicate by signing this agreement in the space  provided  below  whereupon this
letter shall be an agreement between us.

Sincerely,
/s/ Brad L. Stewart
Brad L. Stewart
Executive Vice President
Marker International

Agreed to: /s/ Eiichi Isomura              Agreed to: /s/ Brad L. Stewart
          -------------------                         -------------------
           Eiichi Isomura                             Brad L.Stewart
           Isomura Sangyo Kaisha Ltd.                 Mark International
           Date: September 4, 1998                    Date: September 4, 1998