Document:

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                              AGREEMENT OF SUBLEASE

                                     between

                NEDERLANDER TELEVISION AND FILM PRODUCTION, INC.,
                                   Sublandlord

                                       and

                              RIDDELL SPORTS INC.,
                                    Subtenant

                                    Premises:
                                    --------

                            Portion of the 20th Floor
                                  1450 Broadway
                               New York, New York

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     AGREEMENT OF SUBLEASE, made as of the ____ day of February, 2000, between
NEDERLANDER TELEVISION AND FILM PRODUCTION, INC., a New York corporation, having
an office at 1450 Broadway, New York, New York ("Sublandlord"), and RIDDELL
SPORTS INC., a Delaware corporation, having an office at 1450 Broadway, New
York, New York ("Subtenant").

                              W I T N E S S E T H :
                               - - - - - - - - - -

     WHEREAS, pursuant to a Lease Agreement (the "Lease"), dated as of August
24, 1999, between BROADWAY AND 41ST ASSOCIATES LIMITED PARTNERSHIP ("Prime
Landlord"), as landlord, and Sublandlord, as tenant, Prime Landlord leased to
Sublandlord certain premises (the "Entire Premises") comprised of the entire
20th Floor of the building known as 1450 Broadway, New York, New York (the
"Building"), as such premises are more particularly described in the Lease; and

     WHEREAS, Sublandlord desires to sublease to Subtenant that portion of the
Entire Premises consisting of approximately 3,476 square feet of rentable space
on the 20th Floor (the "Demised Premises"), and Subtenant desires to hire the
Demised Premises from Sublandlord on the terms and conditions contained herein.

     NOW, THEREFORE, in consideration of the mutual covenants herein contained,
it is mutually agreed as follows:

     1. Subleasing of Demised Premises. Sublandlord hereby subleases to
Subtenant, and Subtenant hereby hires from Sublandlord, the Demised Premises,
upon and subject to the terms and conditions hereinafter set forth, as the
Demised Premises are more particularly depicted on the floor plan annexed hereto
as Exhibit A.

     2. Term. Subject to the terms hereof, the term (the "Term") of this
Sublease shall commence on the date (the "Commencement Date") which is the later
to occur of (x) the date upon which the construction work in the Demised
Premises is substantially completed, and (y) the date upon which the Consent (as
defined in Article 8 hereof) is obtained, and shall expire on September 29, 2009
(the "Expiration Date"), or on such earlier date that the Term expires or
terminates pursuant to any of the conditions or covenants of this Sublease or
pursuant to law.

     3. Fixed Rent and Additional Rent.

     3.1. Subtenant shall pay to Sublandlord, commencing on the Commencement
Date and throughout the Term, in currency which at the time of payment is legal
tender for public and private debts in the United States of America, the fixed
rent ("Fixed Rent"), three (3) business days prior to the first (1st) day of
each month during the Term (except that Subtenant shall pay the first full
monthly installment of Fixed Rent on the execution hereof):

     (a) for the period commencing on the Commencement Date and ending on
September 30, 2002, the sum of One Hundred Sixteen Thousand Nine Hundred Seventy
and 00/100 Dollars ($116,970.00) per annum, payable in equal monthly
installments of $9,747.50;

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     (b) for the period commencing on October 1, 2002, and ending on September
30, 2005, the sum of One Hundred Twenty-Three Thousand Nine Hundred Twenty-Two
and 00/100 Dollars ($123,922.00) per annum, payable in equal monthly
installments of $10,326.83;

     (c) for the period commencing on October 1, 2005, and ending on September
30, 2008, the sum of One Hundred Thirty Thousand Eight Hundred Seventy-Four and
00/100 Dollars ($130,874.00) per annum, payable in equal monthly installments of
$10,906.17; and

     (d) for the period commencing on October 1, 2008, and ending on September
29, 2009, the sum of One Hundred Thirty-Seven Thousand Eight Hundred Twenty-Six
and 00/100 Dollars ($137,826.00) per annum, payable in equal monthly
installments of $11,485.50.

     3.2. For each Tax Year during the Term, Subtenant shall pay to Sublandlord
as and for additional rent an amount equal to thirty-two and four-tenths percent
(32.4%) ("Subtenant's Percentage") of the amount by which Sublandlord's Tax
Payment, as defined in Article 40 of the Lease (the "Tax Payment") exceeds the
Tax Payment for Tax Year 1999/2000. Subtenant's Percentage for each Tax Year
shall be due and payable in installments in the same manner that the Tax Payment
for such Tax Year is due and payable by Sublandlord to Prime Landlord. Subtenant
shall pay the Subtenant's Percentage within ten (10) days after the forwarding
by Sublandlord to Subtenant of a statement furnished to Sublandlord by Prime
Landlord; provided, however, in no event shall Subtenant be required to remit
such amount to Sublandlord more than ten (10) days in advance of when such
amount is due and payable by Sublandlord to Prime Landlord. Subtenant shall be
entitled to Subtenant's Percentage of any refunds of such Tax Payment that are
paid or credited to Sublandlord by Prime Landlord under the Lease. Sublandlord
shall pay or credit Subtenant in respect of any such refunds promptly after
Sublandlord is paid or credited such refunds under the Lease.

     3.3. For each Operating Year during the term subsequent to the calendar
year ending December 31, 2000 (the "Base Year"), Subtenant shall pay to
Sublandlord thirty-two and four-tenths percent (32.4%) ("Subtenant's Share") of
the Operating Expenses (as such term is defined in the Article 41 of the Lease)
that are payable by Sublandlord to Prime Landlord under the Lease on the dates
and in the manner provided in the Lease. Subtenant shall pay the Subtenant's
Share to Sublandlord within ten (10) days after the forwarding by Sublandlord to
Subtenant of the Escalation Statement (as such term is defined in Article 41 of
the Lease) or similar statement received by Sublandlord; provided, however, in
no event shall Subtenant be required to remit such amount to Sublandlord more
than ten (10) days in advance of when such amount is due and payable by
Sublandlord to Prime Landlord. Subtenant shall be entitled to Subtenant's Share
of any refunds of such Operating Expenses that are paid or credited to
Sublandlord by Prime Landlord under the Lease. Sublandlord shall pay or credit
Subtenant in respect of any such refunds promptly after Sublandlord is paid or
credited such refunds under the Lease.

     3.4. Subtenant shall pay to Sublandlord, on account of electricity consumed
in the Demised Premises, thirty-two and four-tenths percent (32.4%) of the cost
of electricity consumed in the Entire Premises, as measured by a submeter or
submeters as provided in Article 43 of the Lease. Subtenant shall make such
payment on account of electricity to Sublandlord within ten (10) days after
rendition of a bill therefor; provided, however, in no event shall Subtenant be
required

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to remit such amount to Sublandlord more than ten (10) days in advance of when
such amount is due and payable by Sublandlord to Prime Landlord.

     3.5. All Fixed Rent, Subtenant's Percentage of taxes, Subtenant's Share of
Operating Expenses, additional rent, electricity, and all other costs, charges
and sums payable by Subtenant hereunder (collectively the "Rental"), shall
constitute rent under this Sublease, and shall be payable to Sublandlord at its
address as set forth in Article 13 hereof, unless Sublandlord shall otherwise so
direct in writing.

     3.6. Subtenant shall promptly pay the Rental as and when the same shall
become due and payable without set-off, offset or deduction of any kind
whatsoever, except as expressly set forth herein, and, in the event of
Subtenant's failure to pay the same when due (subject to grace periods provided
herein), Sublandlord shall have all of the rights and remedies provided for
herein or at law or in equity, including, without limitation, the right to
collect interest pursuant to Article 39 of the Lease.

     3.7. Sublandlord's failure during the Term to prepare and deliver any
statements or bills required to be delivered to Subtenant hereunder, or
Sublandlord's or Subtenant's failure, as the case may be, to make a demand under
this Article 3 or under any other provisions of this Sublease shall not in any
way be deemed to be a waiver of any such breach, agreement, term, covenant or
condition, or cause Sublandlord to forfeit or surrender its rights to collect
any Rental which may have become due pursuant to this Article 3 during the Term.
Subtenant's liability for the Fixed Rent and additional rent due under this
Article 3 accruing during the Term, and Sublandlord's obligation to refund
overpayments of or adjustments of any Rental paid to it by Subtenant, shall
survive the expiration or sooner termination of this Sublease.

     3.8. Except as otherwise provided herein, in no event shall any adjustment
of any payments payable by Subtenant result in a decrease in the Fixed Rent, nor
shall any adjustment of any item of additional rent payable by Subtenant result
in a decrease in any other item of additional rent payable by Subtenant, it
being understood and agreed that the payment of any item of additional rent
under this Article 3 is an obligation supplemental to Subtenant's obligations to
pay Fixed Rent and any other item of additional rent. Notwithstanding anything
to the contrary contained in this Article 3, the Fixed Rent payable by Subtenant
to Sublandlord under Section 3.1 hereof shall be abated during the period
commencing on the Commencement Date and ending on the date on which
Sublandlord's abatement of Fixed Rent payable by Sublandlord to Prime Landlord
ends pursuant to Section 39(e) of the Lease (it being understood and agreed that
Sublandlord's rent abatement under Section 39(e) of the Lease ends on March 31,
2000).

     4. Subordination to and Incorporation of the Lease.

     4.1. This Sublease is in all respects subject and subordinate to the terms
and conditions of the Lease (a true and complete copy of which has been
furnished by Sublandlord to Subtenant), and to all matters to which the Lease is
subject and subordinate. Subtenant shall indemnify Sublandlord for, and shall
hold it harmless from and against, any and all losses, damages, penalties,
liabilities, costs and expenses, including, without limitation, reasonable
attorneys' fees and disbursements, which may be sustained or incurred by
Sublandlord by reason of Subtenant's failure to keep, observe or perform any of
the terms, provisions, covenants, conditions and obligations on

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Sublandlord's part to be kept, observed or performed under the Lease to the
extent same shall have been incorporated herein, or otherwise arising out of or
with respect to Subtenant's use and occupancy of the Demised Premises from and
after the Commencement Date.

     4.2. Except as otherwise expressly provided in, or otherwise inconsistent
with, this Sublease, or to the extent not applicable to the Demised Premises,
the terms, provisions, covenants, stipulations, conditions, rights, obligations,
remedies and agreements contained in the Lease are incorporated in this Sublease
by reference, and are made a part hereof as if herein set forth at length;
provided that the following portions of the Lease shall not so be incorporated
herein: "Basic Lease Provisions", Section 1, Section 28, Section 34, Section 38,
Section 39(a) and (f), Section 43, Section 47, Section 68(a),(c),(d),(i)-(l),
Section 70, Section 76, and Exhibits A, B, and C; provided further that for
purposes of this Agreement:

     (a) the term "Landlord" shall be deemed to refer to Sublandlord;

     (b) the term "Tenant" shall be deemed to refer to Subtenant;

     (c) the term "Premises" shall be deemed to refer to the Demised Premises;

     (d) the term "this Lease" shall be deemed to refer to this Sublease or this
Agreement;

     (e) the term the "Fixed Rents" shall be deemed to refer to the Fixed Rent;

     (f) in any case in the Lease where Landlord reserves the right to enter the
Demised Premises, for purposes of incorporation herein, such right shall inure
to Sublandlord and to Prime Landlord;

     (g) to the extent that the Lease requires Tenant to maintain any insurance
policy naming Landlord as an additional insured thereunder, for purposes of
incorporation herein, Subtenant shall name Sublandlord and Prime Landlord as
additional insureds thereunder; and

     5. Security Deposit. Subtenant shall deposit with Sublandlord on the
signing of this Sublease an amount equal to Thirty-Eight Thousand Nine Hundred
Ninety and 00/100 Dollars ($38,990.00) as security for the faithful performance
and observance by Subtenant of the terms, covenants, conditions and provisions
of this Sublease, including, without limitation, the surrender of possession of
the Demised Premises to Sublandlord as herein provided. If an Event of Default
shall occur and be continuing, Sublandlord may apply the whole or any part of
the security so deposited (i) toward the payment of any Fixed Rent, additional
rent or any other item of Rental as to which Subtenant is in default, (ii)
toward any sum which Sublandlord may reasonably expend or be required to expend
by reason of Subtenant's default in respect of any of the terms, covenants and
conditions of this Sublease, including, without limitation, any damage,
liability or expense (including, without limitation, reasonable attorneys' fees
and disbursements) incurred or suffered by Sublandlord, and (iii) toward any
damage or deficiency incurred or suffered by Sublandlord in the re-subletting of
the Demised Premises, whether such damages or deficiency accrue or accrues
before or after summary proceedings or other re-entry by Sublandlord. If
Sublandlord applies or retains any part of the security so deposited in
accordance

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with the terms hereof, Subtenant, upon demand, shall deposit with Sublandlord
the amount so applied or retained so that Sublandlord shall have the full
deposit on hand at all times during the Term. If Subtenant shall fully and
faithfully comply with all of the terms, provisions, covenants and conditions of
this Sublease, the security shall be returned to Subtenant within thirty (30)
days after the Expiration Date and after delivery of possession of the Demised
Premises to Sublandlord. Subtenant shall not assign or encumber or attempt to
assign or encumber the monies deposited herein as security and neither
Sublandlord nor its successors or assigns shall be bound by any such assignment,
encumbrance, attempted assignment or attempted encumbrance.

     6. Covenants and Representations with Respect to the Lease.

     6.1. Subtenant shall not do anything that would constitute a default under
the Lease or omit to do anything that Subtenant is obligated to do under the
terms of this Sublease so as to cause there to be a default under the Lease.
Sublandlord shall not do anything that would constitute a default under the
Lease or omit to do anything that Sublandlord is obligated to do under the terms
of the Lease so as to cause there to be a default under the Lease. Sublandlord
shall not terminate, cancel, surrender, modify or amend the Lease so as to
materially deprive Subtenant of its rights under this Sublease, in each case
without the consent of Subtenant, which consent shall not be unreasonably
withheld. Sublandlord represents and warrants to Subtenant that (i) the Lease is
in full force and effect and has not been modified, supplemented or amended
except as set forth herein, (ii) Sublandlord has received no notice that
Sublandlord is in default under the Lease beyond applicable notice and cure
periods, and (iii) Sublandlord has not entered into any sublease, assignment or
occupancy agreement transferring Sublandlord's interest in the Demised Premises
to any party other than Subtenant.

     6.2. The time limits set forth in the Lease for the giving of notices,
making of demands, performance of any act, condition or covenant, or the
exercise of any right, remedy or option, are changed for the purpose of this
Sublease, by lengthening or shortening the same in each instance, as
appropriate, so that notices may be given, demands made, or any act, condition
or covenant performed, or any right, remedy or option hereunder exercised, by
Sublandlord or Subtenant, as the case may be (and each party covenants that it
will do so) within three (3) days prior to the expiration of the time limit,
taking into account the maximum grace period, if any, relating thereto contained
in the Lease. Each party shall promptly deliver to the other party copies of all
notices, requests or demands which relate to the Demised Premises or the use or
occupancy thereof after receipt of same from Prime Landlord.

     7. Services and Repairs. Notwithstanding anything to the contrary contained
in this Sublease or in the Lease, Sublandlord shall not be required to provide
any of the services that Prime Landlord has agreed to provide, whether or not
specified in the Lease (or required by law), or make any of the repairs or
restorations that Prime Landlord has agreed to make pursuant to the Lease (or
required by law), or provide the parking access, or comply with any laws or
requirements of any governmental authorities, or take any other action that
Prime Landlord has agreed to provide, furnish, make, comply with, or take, or
cause to be provided, furnished, made, complied with or taken under the Lease,
but Sublandlord agrees to use all diligent efforts, at Subtenant's sole cost and
expense, to obtain the same from Prime Landlord (provided, however, that
Sublandlord shall not be obligated to use such efforts or take any action which
might give rise to a default under the Lease), and Subtenant shall rely upon,
and look solely to, Prime Landlord for the provision,

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furnishing or making thereof or compliance therewith. If Prime Landlord shall
default in the performance of any of its obligations under the Lease,
Sublandlord, upon request and at the expense of Subtenant, shall timely
institute and diligently prosecute any action or proceeding which Subtenant, in
its reasonable judgment, deems meritorious, in order to have Prime Landlord make
such repairs, provide such services or comply with any other obligation of Prime
Landlord under the Lease or as required by law.

     8. Consents.

     8.1. If Prime Landlord shall withhold its consent or approval in connection
with this Sublease or the Demised Premises in any instance where, under the
Lease, the consent or approval of Prime Landlord may not be unreasonably
withheld, Sublandlord, upon the request and at the expense of Subtenant, shall
either (i) timely institute and diligently prosecute any action or proceeding
which Sublandlord, in its reasonable judgment, deems meritorious, in order to
dispute such action by Prime Landlord, or (ii) permit Subtenant, to the extent
allowable under the Lease, to institute and prosecute such action or proceeding
in the name of Sublandlord, provided that Subtenant shall keep Sublandlord
informed of its actions and shall not take any action which might give rise to a
default under the Lease.

     8.2. Sublandlord shall not withhold, condition or delay its consent or
approval in connection with any request of Subtenant therefor pursuant to this
Sublease if the Prime Landlord under the Lease has given Prime Landlord's
consent or approval with respect to such request.

     8.3. This Sublease shall become effective only if the written consent (the
"Consent") of Prime Landlord is obtained in accordance with the provisions of
the Lease. Upon execution and delivery of this Sublease by Sublandlord and
Subtenant, Sublandlord shall promptly request the consent of Prime Landlord to
this Sublease. Subtenant agrees to cooperate in good faith with Sublandlord and
shall comply with any reasonable requests made of Subtenant by Sublandlord or
Prime Landlord in the procurement of the Consent. If the Consent is not obtained
within sixty (60) days following the execution and delivery of this Sublease
(the "Outside Date") by both parties, then Sublandlord or Subtenant may cancel
this Sublease by giving written notice thereof to the other party not later than
ten (10) days after the Outside Date. Upon either party's receipt of a valid
notice of cancellation, this Sublease shall be null and void and Sublandlord
shall return to Subtenant any amounts theretofore paid by Subtenant to
Sublandlord hereunder, and thereupon neither party shall have any further
obligation to the other under this Sublease. Sublandlord and Subtenant may
agree, upon mutual consent, to postpone the Outside Date. In the event the
parties agree to postpone the Outside Date, Sublandlord and Subtenant shall
execute an agreement confirming the new Outside Date.

     9. Termination of Lease. If the Lease is terminated (x) by Prime Landlord
pursuant to the terms thereof with respect to all or any portion of the Entire
Premises prior to the Expiration Date for any reason whatsoever, including,
without limitation, by reason of casualty or condemnation, or (y) by Sublandlord
by reason of casualty or condemnation, then, in either case, this Sublease shall
thereupon terminate with respect to the Demised Premises and (unless such
termination of the Lease shall be as a result of Sublandlord's default
thereunder or a voluntary surrender of the Entire Premises, other than a
surrender of all or any portion of the Entire Premises

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permitted under the Lease with respect to a termination of the Lease by reason
of casualty to or condemnation of all or any portion of the Entire Premises or
the Building) Sublandlord shall not be liable to Subtenant by reason thereof. In
the event of such termination, Sublandlord shall return to Subtenant that
portion of any Rental paid in advance by Subtenant with respect to the Demised
Premises, if any, prorated as of the date of such termination.

     10. Damage, Destruction, Fire and other Casualty; Condemnation.
Notwithstanding any contrary provisions of the Lease herein incorporated by
reference, Subtenant shall not have the right to terminate this Sublease as to
all or any part of the Demised Premises, or be entitled to an abatement of Fixed
Rent, additional rent or any other item of Rental, by reason of a casualty or
condemnation affecting the Demised Premises, provided that if Sublandlord is
entitled to an abatement of Fixed Rent, additional rent or any other item of
Rental by reason of a casualty or condemnation affecting the Demised Premises,
then Subtenant shall be entitled to a corresponding abatement with respect to
its corresponding obligation under this Sublease.

     11. Assignment/Subletting. Notwithstanding anything to the contrary
contained herein or in the Lease as incorporated herein, Sublandlord shall not
unreasonably withhold, condition or delay its consent to a subletting of the
Demised Premises or to an assignment of this Sublease provided that Prime
Landlord has granted its consent to such subletting or such assignment. Upon the
request of Subtenant, Sublandlord, at Subtenant's sole cost and expense, shall
request the consent of Prime Landlord and cooperate with Subtenant in obtaining
such consent.

     12. No Waivers. Failure by Sublandlord or Subtenant, as the case may be, in
any instance to insist upon the strict performance of any one or more of the
obligations of the other party under this Sublease, or to exercise any election
herein contained, shall in no manner be or be deemed to be a waiver by such
party of any of the other party's defaults or breaches hereunder or of any of
such party's rights and remedies by reason of such defaults or breaches, or a
waiver or relinquishment for the future of the requirement of strict performance
of any and all of such other party's obligations hereunder. Further, no payment
by Subtenant or receipt by Sublandlord of a lesser amount than the correct
amount or manner of payment of Rental due hereunder shall be deemed to be other
than a payment on account, nor shall any endorsement or statement on any check
or any letter accompanying any check or payment be deemed to effect or evidence
an accord and satisfaction, and Sublandlord may accept any checks or payments as
made without prejudice to Sublandlord's right to recover the balance or pursue
any other remedy in this Sublease or otherwise provided at law or equity.

     13. Notices. Any notice, statement, demand, consent, approval, advice or
other communication required or permitted to be given, rendered or made by
either party to the other, pursuant to this Sublease or pursuant to any
applicable law or requirement of public authority (collectively
"Communications") shall be in writing and shall be deemed to have been properly
given, rendered or made only if sent by (x) personal delivery, receipted by the
party to whom addressed, (y) registered or certified mail, return receipt
requested, posted in a United States post office station in the continental
United States, or (z) nationally recognized overnight courier, in each case
addressed (i) to Sublandlord at its address first above written, Attention: Mr.
Robert Nederlander, with a copy to Proskauer Rose LLP, 1585 Broadway, New York,
New York 10036, Attention: Kenneth Hilton, Esq., and (ii) to Subtenant at its
address first above written, Attention:

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________________, with a copy to Zukerman Gore & Brandeis, LLP, 900 Third
Avenue, New York, New York 10022, Attention: Jeffrey D. Zukerman, Esq. All such
Communications shall be deemed to have been given, rendered or made when
delivered and receipted by the party to whom addressed, in the case of personal
delivery, or three (3) days after the day so mailed. Either party may, by notice
as aforesaid actually received, designate a different address or addresses for
Communications intended for it.

     14. Broker. Each party hereto covenants, warrants and represents to the
other party that it has had no dealings, conversations or negotiations with any
broker concerning the execution and delivery of this Sublease. Subtenant shall
indemnify and hold Sublandlord harmless from and against any and all claims for
commission, fees, or other compensation by any person or entity who shall claim
to have dealt with Subtenant in connection with this Sublease, and for any and
all costs incurred by Sublandlord in connection with such claims, including,
without limitation, reasonable attorneys' fees and disbursements. Sublandlord
shall indemnify and hold Subtenant harmless from and against any and all claims
for commission, fees, or other compensation by any person or entity who shall
claim to have dealt with Sublandlord in connection with this Sublease, and for
any and all costs incurred by Subtenant in connection with such claims,
including, without limitation, reasonable attorneys' fees and disbursements. The
provisions of this Article 14 shall survive the expiration or earlier
termination of the Term hereof.

     15. Condition of the Demised Premises. Subtenant agrees to accept the
Demised Premises in its "as is" condition as of the Commencement Date.
Sublandlord has not made and does not make any representations or warranties as
to the physical condition of the Demised Premises, the use to which the Demised
Premises may be put, or any other matter or thing affecting or relating to the
Demised Premises, except as expressly provided in this Sublease. Sublandlord
shall have no obligations whatsoever to alter, improve, decorate, service,
repair or otherwise prepare the Demised Premises or any of the improvements,
equipment, fixtures or other items therein for Subtenant's occupancy, except
that Sublandlord shall construct Subtenant's offices in accordance with the
plans and specifications attached hereto as Exhibit B and made a part hereof
("Subtenant's Plans"). Subtenant, upon the execution of this Sublease, shall pay
to Sublandlord an amount equal to One Hundred Seventy-Five Thousand and 00/100
Dollars ($175,000.00) ("Subtenant's Contribution") as Subtenant's share of the
costs and expenses incurred by Sublandlord in connection with the buildout of
Subtenant's offices (it being agreed that Subtenant's Contribution shall be
increased to the extent that Subtenant or its representatives request changes to
Subtenant's Plans which increase the costs and expenses incurred by Sublandlord
in connection therewith).

     16. Compliance with Law. Subtenant shall not do or permit any act or thing
to be done upon the Demised Premises which may subject Sublandlord to any
liability or responsibility for injury, damages to persons or property or to any
liability by reason of any violation of any requirement of law or any
governmental regulation and shall exercise such control over the Demised
Premises as to fully protect Sublandlord against any such liability.

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     17. Miscellaneous.

     17.1. This Sublease contains the entire agreement between the parties and
all prior negotiations and agreements are merged in this Sublease. Any agreement
hereafter made shall be ineffective to change, modify or discharge this Sublease
in whole or in part unless such agreement is in writing and signed by the
parties hereto. No provision of this Sublease shall be deemed to have been
waived by Sublandlord or Subtenant unless such waiver be in writing and signed
by Sublandlord or Subtenant, as the case may be. The covenants and agreements
contained in this Sublease shall bind and inure to the benefit of Sublandlord
and Subtenant and their respective permitted successors and assigns.

     17.2. In the event that any provision of this Sublease shall be held to be
invalid or unenforceable in any respect, the validity, legality or
enforceability of the remaining provisions of this Sublease shall be unaffected
thereby.

     17.3. The paragraph headings appearing herein are for purposes of
convenience only and are not deemed to be a part of this Sublease.

     17.4. Capitalized terms used herein shall have the same meanings as are
ascribed to them in the Lease, unless otherwise expressly defined herein.

     17.5. This Sublease is offered to Subtenant for signature with the express
understanding and agreement that this Sublease shall not be binding upon
Sublandlord unless and until Sublandlord shall have executed and delivered a
fully executed copy of this Sublease to Subtenant.

     17.6. Neither the partners comprising Sublandlord and Subtenant (if either
Sublandlord or Subtenant is a partnership), nor the shareholders, partners,
directors or officers of Sublandlord and Subtenant or any of the foregoing
(collectively, the "Parties") shall be liable for the performance of the
obligations of Sublandlord and Subtenant, respectively, under this Sublease.
Sublandlord and Subtenant shall look solely to the other party to enforce its
respective obligations hereunder and shall not seek damages against any of the
Parties. Sublandlord and Subtenant shall look only to the assets of the other
party for the satisfaction of its remedies for the collection of a judgment (or
other judicial process) requiring the payment of money by either Sublandlord or
Subtenant in the event of any default by said party hereunder, and no property
or assets of the Parties shall be subject to levy, execution or other
enforcement procedure for the satisfaction of the remedies of either Sublandlord
or Subtenant under or with respect to this Sublease, the relationship of
Sublandlord and Subtenant hereunder or Subtenant's use or occupancy of the
Demised Premises.

     17.7. Notwithstanding anything contained herein, this Sublease shall be
deemed to be a sublease of the Premises and not an assignment, in whole or in
part, of Sublandlord's interest in the Lease.

     17.8. This Sublease shall be governed by, and construed in accordance with,
the laws of the State of New York.

                                       10

<PAGE>

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

                                    NEDERLANDER TELEVISION AND FILM PRODUCTION,
                                    INC., Sublandlord

                                    By:     /s/ Robert Nederlander
                                            ------------------------------------
                                            Name: Robert Nederlander
                                            Title:

                                    RIDDELL SPORTS INC., Subtenant

                                    By:     /s/ David Groelinger
                                            ------------------------------------
                                            Name: David Groelinger
                                            Title:

                                       11

<PAGE>

                Nederlander Television and Film Production, Inc.
                                  1450 Broadway
                               New York, New York

                                                           As of March ___, 2000

Riddell Sports Inc.
1450 Broadway
New York, New York

Re:     1450 Broadway, New York, New York
        ---------------------------------

Gentlemen:

     Reference is made to the Agreement of Sublease, dated as of
______________, 2000, between Nederlander Television and Film Production, Inc.
("Sublandlord"), as sublandlord, and Riddell Sports Inc. ("Subtenant"), as
subtenant, with respect to a portion of the twentieth (20th) floor of the
building located at 1450 Broadway, New York, New York (the "Sublease").

     Notwithstanding anything to the contrary contained in the Sublease,
Sublandlord and Subtenant hereby agree as follows:

     1. Sublandlord and Subtenant each covenants, warrants and represents to the
other party that it has had no dealings, conversations or negotiations with any
broker concerning the execution and delivery of the Sublease other than
Helmsley-Spear, Inc. ("Broker");

     2. Subtenant shall indemnify and hold Sublandlord harmless from and against
any and all claims for commission, fees, or other compensation by any person or
entity (other than Broker) who shall claim to have dealt with Subtenant in
connection with the Sublease, and for any and all costs incurred by Sublandlord
in connection with such claims, including, without limitation, reasonable
attorneys' fees and disbursements;

     3. Sublandlord shall indemnify and hold Subtenant harmless from and against
any and all claims for commission, fees, or other compensation by any person or
entity (including Broker) who shall claim to have dealt with Sublandlord in
connection with the Sublease, and for any and all costs incurred by Subtenant in
connection with such claims, including, without limitation, reasonable
attorneys' fees and disbursements;

     4. Sublandlord shall pay all commission, fees, or other compensation due to
Broker in connection with the Sublease pursuant to a separate agreement between
Sublandlord and Broker; and

<PAGE>

     5. the provisions set forth in this agreement shall survive the expiration
or earlier termination of the term of the Sublease.

     Except as modified by this agreement, the Sublease and all covenants,
agreements, terms and conditions thereof shall remain in full force and effect
and are hereby in all respects ratified and confirmed.

     Please indicate your agreement with the foregoing by signing in the space
indicated below.

                                Very truly yours,

                                Nederlander Television and Film Production, Inc.

                                By: /s/ Robert Nederlander
                                    --------------------------------------------
                                          Robert Nederlander, President

Agreed to:

Riddell Sports Inc.

By: /s/ David Groelinger
    ------------------------------
    Name: David Groelinger
    Title:

<PAGE>

                                    EXHIBIT A

                       Floor Plan of the Demised Premises

The attached floor plan is annexed to and made a part of this Sublease solely to
indicate the Demised Premises by outlining. All areas, conditions, dimensions,
and location are approximate.

<PAGE>

                                    EXHIBIT B

                                Subtenant's Plans

                                  See Attached

                                       13<PAGE>
                          AGREEMENT TO BUILD AND LEASE

         THIS LEASE AGREEMENT, made and entered into this 30 day of December,
1998 by and between MMCA DEVELOPMENT, LLC. or its nominee, hereinafter called
"Lessor", whose address is 1111 East Broad Street, Elyria, Ohio 44035, and ALL
AMERICAN SPORTS CORPORATION, a Delaware Corporation, whose address is 1320
Taylor Street, Elyria, Ohio, together hereinafter called "Lessee".

         WITNESSETH:

         PREMISES: That in consideration of the covenants and agreements
hereinafter mentioned, and to be performed by the respective parties hereto, and
in payment of rentals hereinafter designated to be paid by Lessee in accordance
with provisions of this Lease, Lessor has leased, rented, let and demised, and
by these presents does lease, rent, let and demise unto said Lessee, its
successors and assigns, and Lessee takes and hires from Lessor that certain
parcel of real property located on Sugar Lane, Elyria, Ohio, together with the
building to be erected thereon, and more particularly described in Exhibit "A"
attached hereto and made a part hereof.

         TO HAVE AND TO HOLD, the above-described premises, together with all
and singular tenements, hereditaments and appurtenances thereunto belonging, or
in any way incident or appertaining, together with the rents, issues and profits
thereof (save and except the rents and other amounts due the Lessor from the
Lessee herein), unto said Lessee for a term of years as hereinafter set forth,
beginning with a date as provided in Paragraph 2 hereunder.

         The terms, conditions and covenants of this Lease are as follows:

         1. CONSTRUCTION BY LESSOR.

         (a) Lessor covenants and agrees to construct, and pay for, a building
         including site improvement costs on the demised premises according to
         plans and specifications as prepared by Lessor and plot plans provided
         by Lessee, which plans and specifications and

<PAGE>

         plot plans shall be approved in writing by Lessor and Lessee, and which
         are incorporated herein by reference. Said construction shall be by the
         Lessor, in accordance with the proposal of said Lessor, dated 12/28/98,
         which is attached hereto, marked Exhibit "B" and made a part hereof,
         together with any amendments or additions thereto, which shall be
         initialed by the parties and also made a part hereof. Construction work
         shall commence as soon as a building permit can be obtained for said
         work and necessary zoning requirements have been satisfied, and shall
         be completed as rapidly as conditions permit, but not later than August
         15, 1999, subject to delay caused by conditions beyond the control of
         the Lessor.

         (b) At all times, until the building is complete, Lessee shall have the
         right to enter upon the premises for the purpose of inspecting the
         construction and progress of the building, provided that Lessee shall
         not interfere with the progress of said construction. The Lessor
         covenants and agrees to submit to Lessee's construction manager, prior
         to the commencement of construction, a tentative inspection schedule
         mutually satisfactory to the parties hereto. Said inspection schedule
         shall set forth the dates of the following stages of construction so
         that the Lessee may inspect and approve each stage of construction. The
         stages of construction shall be:

         STAGE 1: The period of excavation work or any required or necessary
         fill work.

         STAGE 2: The period of construction of any necessary or required
         retaining wall.

         STAGE 3: The time prior to the pouring of any footings or other
         foundation.

         STAGE 4: The time of completion of the erection of structural steel
         framework.

         STAGE 5: The time prior to completion and concealment of electrical
         wiring, completion or rough plumbing, duct work, roof and partitions
         and/or walls.

         STAGE 6: The period of preparation of sub-base and base for paving.

         STAGE 7: The period after completion of all construction work and
         installation of equipment.

         (c) The building and parking lot are to be used for sports equipment
         renovation, equipment sales and other related uses necessary for
         Lessee's business and for no other purpose without the written consent
         of Lessor.

         (d) All risk of loss to the demised premises prior to commencement date
         of the lease term shall remain with the Lessor and any damages shall be
         promptly repaired by Lessor, but the costs of builder's risk insurance
         shall be included in Lessor's cost of construction.

         (e) For a period of one (1) year immediately following the commencement
         of the term of this Lease, Lessor shall be liable to Lessee for any
         damage or injury to Lessee or Lessee's

<PAGE>

         property occasioned by any defect in the materials or labor used in the
         construction of said premises.

         Should Lessor neglect or refuse to repair any such defect for which
         Lessor is responsible, within a reasonable time after notice that such
         defect or defects exist, Lessee, without liability or forfeiture of its
         terms hereby demised, may, at its option, have such repairs made at the
         expense of Lessor and deduct from the rent the cost of repairing such
         defect or defects.

                  2. TERM. The term of this Lease shall commence on the first
         day of the month following the date that the building and site
         improvements are substantially completed by Lessor in accordance with
         the plans and specifications heretofore referred to as determined by
         generally accepted construction standards and shall continue for the
         full period of fifteen (15) years thereafter. Substantial completion as
         used herein shall mean the date after the completion of the building
         and land improvements to the extent that Lessee may use and occupy the
         same for the conduct of its business. The Lessee shall pay rent for the
         fractional month before the commencement date of the term of the Lease
         on a prorated basis, beginning on the day following the date of
         substantial completion. The teen of the Lease shall not commence before
         an occupancy permit has been issued by appropriate governmental
         authority and such commencement date shall be documented by letter
         signed by both parries to the Lease.

                  3. POSSESSION. Possession of the leased premises shall be
         delivered to the Lessee upon the commencement of the Lease term;
         however, Lessee shall have the right prior to the beginning of the term
         of this Lease to install its fixtures and equipment at its own risk,
         free from rent, provided such installation does not interfere with the
         work being done in the construction of the building.

                  4. (A) RENTAL. Lessee shall pay to Lessor a minimum basic
         annual rental at the rate of Four and 50/100 Dollars ($4.50)
         per square foot per year of the building constructed in

<PAGE>

         accordance with Paragraph 1 above. Said square footage shall be
         determined by the exterior dimensions of the building, which shall
         include both manufacturing and office space.

                  (B) ALLOWANCE - Lessor hereby grants to Lessee an allowance
         not to exceed the sum of One Hundred Thousand Dollars ($100,000.00) to
         be used by Lessee to offset any and all moving expenses that Lessee may
         have in moving from their present facilities to the premises
         hereinabove described.

                  5. COST OF CONSTRUCTION. The additional cost of construction
         by reason of changes from the original approved plans or specifications
         as requested by Lessee which result in additional costs to the Lessor
         not reflected in the plans and specifications as approved by Lessee,
         which changes must first be approved in writing by the Lessee, shall be
         paid by the Lessee to the Lessor, such payment to be made to Lessor
         when said changes are completed.

                  6. TAXES. Lessor agrees to pay promptly and before they become
         delinquent, all taxes, general and special, imposed at any time during
         the term of this Lease upon or against the Premises, including the land
         and all improvements now or hereafter thereon which may be lawfully
         assessed in the name of the Lessor.

                  7. UTILITIES. Lessee agrees to pay for al utilities for the
         leased premises during the term of this Lease, including, without
         limitation, gas, electricity and water and sewer rental.

                  8. INDEMNIFICATION OF LESSOR; INSURANCE.

                  A. The Lesser agrees to indemnify and save harmless the Lessor
         from all actions and claims for damages by reason of injury to or the
         death of any person and damage to or destruction of any property
         arising out of the occupancy of the leased premises and the operation
         of the business thereon, including liability for products dispensed
         from the leased premises, during the term of the lease.

<PAGE>

                  B. Lessee, at its own cost and expense, shall keep all
         buildings, improvements on, in or appurtenant to the demise premises at
         the commencement of the term and thereafter erected thereon or therein,
         including alterations, replacements and improvements, insured for the
         benefit of Lessor and Lessee against loss or damage by fire, casualty
         and all available extended coverage or other hazards and similar
         insurance as may from time to time be required in a sum not less than
         the full insurable value thereof. Lessee covenants to pay all insurance
         premiums when and as the same become due.

                  C. Lessee covenants to provide on or before the commencement
         of the term of this Lease to keep in force during the term, a
         comprehensive public liability policy of insurance protecting Lessor
         and Lessee against any liability for injury to persons and/or property
         occurring in, on or about the demised premises, or any appurtenances
         thereto. Lessee covenants to carry such insurance in a solvent company
         or companies of recognized standing, licensed to do business in the
         state in which the demised premises are located in an amount not less
         than $5,000,000.00 combined single limit (bodily injury and property
         damage); which policy will be approved by Lessor and be written for the
         use and benefit of Lessor and Lessee, with Lessor and Lessee being
         assureds. Lessee shall provide Lessor with a copy or certificate of all
         insurance policies above referred to.

                  9. REPAIRS. The Lessee will be responsible for the interior of
         the building and for the repair of minor components of the electrical,
         plumbing, heating, ventilating/air conditioning, water heating and, if
         any, sprinkler systems, fixtures and equipment. "Minor component parts"
         shall mean items such as fuses, thermostats, filters, belts, faucets,
         sprinkler heads, etc. Lessee shall protect such systems, fixtures and
         equipment against freezing and damage due to Lessee's neglect and shall
         routinely perform preventative maintenance. Lessee shall be responsible
         to

<PAGE>

         remove snow and ice from all walks, pavements and parking areas. Lessee
         shall also be responsible for repair and maintenance of exit doors,
         exit signs and or the replacement of broken door and window glass.
         Lessor shall be responsible for all repairs under the normal one year
         warranty given by the building contractor. In addition Lessor shall be
         responsible for all repairs to the roof.

                  10. ALTERATIONS. Lessee may, from time to time, at its own
         expense, alter, renovate or improve the premises, provided the same be
         performed in a good workmanlike manner in accordance with accepted
         building practices and so as not to weaken and impair the structure or
         substantially lessen the value of the building, provided that any
         alterations, additions or improvements of a capital nature be first
         approved in writing by Lessor.

                  11. TITLE. Lessor represents and covenants that it has fee
         simple title, free and clear and unencumbered to the premises when this
         Lease was executed except as hereinafter set forth and has full right
         and authority to execute this Lease for the term and upon the
         conditions herein contained, and there are no restrictive covenants,
         zoning or other ordinances or regulations prohibiting the Lessee's use
         of the premises for the purposes for which the same are hereby leased.
         If by reason of any breach by Lessor of the foregoing covenants and
         representation or if by reason of any zoning or other regulation or
         ordinance hereafter adopted, the use of the premises, in either their
         present condition or after any alterations thereof, for the purposes
         for which the same are hereby leased is prevented or prohibited, then
         at Lessee's option and without prejudice to any right or remedy which
         Lessee may have, the Lessee may terminate this Lease and the Lease
         shall cease and come to an end on the 10th day following notice by
         Lessee to Lessor of Lessee's exercise of such option.

                  The leased premises are subject to the following liens and
         encumbrances:

<PAGE>

                  (i) current real estate taxes which are a lien but not yet due
                  and payable;

                  (ii) a mortgage to ____________________________________in the
                  current amount of $_____________________;

                  12. SUBORDINATION. This Lease shall be subordinate to any
         mortgage against the premises, the proceeds of which are to be used by
         Lessor (for the land purchase, construction of the buildings and other
         improvements) to the demised premises. The total monthly payments upon
         any such mortgage shall be no greater than the monthly rent heretofore
         reserved and any proposed mortgagees must agree that the Lessee herein
         and/or its Sub-Lessee shall not be disturbed in its possession of the
         premises in the event of a foreclosure suit brought against the
         mortgagor, so long as Lessee is not in default of this Lease. Lessee
         agrees that it will, upon demand, execute any and all instruments as
         may be required to evidence such subordination upon the conditions
         herein set forth.

                  13. COVENANT OF QUIET ENJOYMENT. Lessor covenants that Lessee
         on the performance of the terms and conditions of this Lease shall and
         may peaceably and quietly have, hold and enjoy the premises for the
         term aforesaid.

                  14. DAMAGE TO PREMISES. If during the term of this Lease the
         building, improvements in or appurtenant to the demised premises shall
         be destroyed by fire, storm, lightning, earthquake or other casualty,
         rental shall abate in such proportion as use of the premises by Lessee
         has been destroyed, and Lessor shall restore premises to substantially
         the same condition as before damage as speedily as practical but not
         exceed six months; whereupon, full rental shall commence. In the event
         the building is destroyed to the extent that it is unusable for
         Lessee's business operations, then in such event either party shall
         have the option to terminate this lease by written notice to the other
         given within ten (10) days following the happening of the

<PAGE>

         event. If neither party elects to terminate, such loss shall be treated
         in the same manner as herein provided for a partial loss.

                  15. DEFAULT. Upon failure of Lessee to pay the rent at the
         time and in the manner hereinbefore provided, or upon the failure of
         Lessee to promptly perform any other covenant or agreement hereunder,
         Lessor may, at its option, terminate this Lease and the term hereof by
         giving Lessee at least thirty (30) days written notice of such
         termination, and after the giving of such notice, if such default is
         not cured by the date fixed therein for such termination, or if Lessee
         is not in the process of curing such default if such default cannot be
         reasonably cured within thirty (30) days, this Lease shall cease and
         come to an end on such fixed date and thereupon Lessee shall vacate and
         surrender the demised premises to Lessor and Lessor may reenter and
         repossess itself of the same, discharged of this Lease, and remove all
         persons and parties therefrom with of without legal process, and using
         such force as may be necessary so to do without being guilty of
         trespass, forcible entry or detainer or other tort; that in the event
         of any repossession of the demised premises by Lessor because of the
         default of Lessee herein, either under the foregoing provisions or in
         pursuance of any proceedings under the laws or statutes of the state
         within which the demised premises are situated, Lessor may, if it so
         elects, re-let the premises or any part thereof, either on its own
         account, or as agent for Lessee, and for the balance of the term
         hereof, or for a longer or shorter period in the discretion of the
         Lessor, and Lessee agrees to pay to Lessor the rent hereinbefore
         reserved on the days when the same becomes due and payable, less the
         net proceeds of the reletting, if any. Nothing herein shall be
         construed to limit the remedies of Lessor in the event of default by
         Lessee.

                  16. MECHANICS LIENS. The Lessor and Lessee covenant, each to
         the other, not to permit any lien to be filed against the demised
         property on account of non-payment or disputes with

<PAGE>

         respect to labor or materials furnished in connection with the
         construction as referred to herein, or any subsequent repairs or
         modifications or additions thereto, nor shall the parties permit any
         judgment, lien or attachment to lie against the property. Should any
         lien of any nature, including the foregoing but not limited thereto, be
         filed against the property, the party from whose debt or alleged debt
         such lien arises, shall within thirty (30) days cause said lien to be
         removed by substitution of collateral or otherwise.

                  17. PERMITS AND LICENSES. This lease and all the terms,
         covenants and conditions herein contained, is subject to the obtaining
         of building permits and all other permits and licenses necessary for
         the erection and opening of a building for Lessee's purposes as set
         forth above and in accordance with the plans and specifications
         referred to in Paragraph 1(a) above. In the event that all permits and
         licenses for the erection and occupation of such building are not
         obtainable or available from the appropriate governmental authorities,
         then this Lease shall be null and void and of no effect and shall
         terminate immediately upon Lessor giving notice to Lessee of the denial
         of any issuance of the aforesaid permits and licenses.

                  18. END OF TERM. Upon expiration of this Lease, Lessee having
         fully complied with the terms and conditions, Lessor hereby waives any
         right to claim any signs, equipment and fixtures affixed to the demised
         property by Lessee and same may be removed by Lessee, as well as any
         part of the fixtures that may have been affixed to the real property by
         Lessee which Lessee may remove provided that the premises are restored
         to its original condition, normal wear and tear excepted.

                  19. OPTION TO RENEW. Lessor grants Lessee an option to renew
         this Lease for a consecutive ten (10) year term, after the expiration
         of the original term, on the same terms as this Lease except that the
         rental for said term shall be at a rate of Four and 86/100 Dollars
         ($4.86)

<PAGE>

         per square foot per year. Lessee shall give Lessor written notice of
         Lessee's intention to renew at least sixty (60) days prior to the
         expiration of the term of this Lease. It is clearly understood and
         agreed between the parties that any holding over or failure to vacate
         the premises at the end of the Lease term or any extension thereof
         shall, under no circumstances, be deemed or construed to be an exercise
         of the option to renew or a renewal of the Lease, in the absence of
         written notice by Lessee to Lessor of the exercise of the option.

                  20. CONDEMNATION. If the whole of the demised premises shall
         be taken or condemned by any competent authority for any public use or
         purpose during the term of this Lease, Lessee reserves unto itself the
         right to prosecute its claim for an award based upon its leasehold
         interest of buildings, alterations and improvements for such taking,
         without impairing any rights of Lessor for the taking of or injury to
         the reversion.

                  In the event that a part of the demised premises shall be
         taken or condemned, and that:

                  (a) the part so taken includes the building on the demised
                  premises or any part thereof; or

                  (b) the part so taken shall consist of twenty five (25)
                  percent or more of the total parking area; or

                  (c) such partial taking shall result in cutting off direct
                  access from the demised premises to any adjacent public street
                  or highway;

         then and in any such event, the Lessee may at any time either prior to
         or within a period of sixty (60) days after the date when possession of
         the premises shall be required by the condemning authority, elect to
         terminate this Lease. In the event that Lessee shall fail to exercise
         any such option to terminate this Lease, or in the event that a part of
         the demised premises shall be taken or condemned under circumstances
         under which the Lessee will have no such option, then in either such
         event this Lease shall continue in effect with respect to the portion
         of the demised premises not so taken, and Lessor will, with all due
         diligence and at its own cost and expense,

<PAGE>

         repair and restore the demised premises or what may remain thereof to
         their former condition, and to the extent that the Lessee's possession
         of the leased premises may be impaired, and until the completion of
         such work, the obligation of the Lessee to pay rent and real estate
         taxes shall abate.

                  21. RIGHTS-OF-WAY, RESTRICTIONS, ETC. Lessor covenants that
         the demised premises are free and clear of all encumbrances, easements,
         rights-of-way, reservations, restrictions, covenants, limitations and
         conditions that would restrict the construction, maintenance and
         operation of Lessor's business with its necessary appurtenances as
         shown in the plans and specifications prepared by Lessor. In the event
         that the demised premises are burdened with any encumbrances,
         easements, rights-of-way, reservations, restrictions, covenants,
         limitations and conditions that would restrict the construction,
         maintenance and operation of Lessee's business with its necessary
         appurtenances, then Lessee will have the option of terminating this
         contract and all sums paid hereunder will be returned.

                  22. BROKER COMMISSION. Both parties hereto covenant to the
         other that this lease has been entered into by them without the
         intervention of a real estate broker or salesman and by reason thereof
         no sales commission, compensation or other brokerage expenses are due
         or payable by either party.

                  23. NOTICES. Every notice, approval, consent or other
         communication authorized or required by this Lease, shall be effective
         if given in writing and sent by United States Registered or Certified
         Mail, return receipt requested, with postage prepaid, and addressed
         directly to the Lessor and Lessee at their respective addresses, as set
         forth in Page 1 of this lease agreement, or such other addresses as
         either party may designate by written notice, from time to time.

<PAGE>

                  24. CONSTRUCTION OF LEASE. In the event that any of the
         provisions of this Lease shall be court order be held invalid or in the
         contravention of any of the laws of the State of Ohio, such
         invalidation shall not serve to affect the remaining portion of this
         Lease agreement. The Lease shall be governed and construed by the laws
         of the State of Ohio.

                  25. LEASE BINDING ON SUCCESSOR. This contract shall bind the
         Lessor and Lessee, and their successors, heirs, assigns,
         administrators, legal representatives, executors or assigns, as the
         case may be.

                  26. HEADINGS. Headings or titles of the paragraphs and
         sub-paragraphs are inserted solely for the convenience of reference and
         shall not constitute a part of this Lease, nor shall they affect its
         meaning, construction or effect.

                  27. SHORT FORM LEASE. The parties will at any time at the
         request of either one promptly execute duplicate originals of an
         instrument, in recordable form, which will constitute a short form of
         the lease, setting forth a description of the premises, the terms of
         this Lease and any other portions hereof, excepting the rental
         provisions, as either party may request. If the precise date of
         commencement and termination of the term of this Lease are not known at
         the time of execution of said short form of Lease, the parties will, as
         soon as they are known and at the request of either party, execute a
         supplemental instrument in recordable form, setting forth the exact
         date of commencement and termination of the terms.

                  28. ASSUMPTION OF LESSEES' PRESENT RENTAL OBLIGATIONS:
         Lessee represents that it is currently obligated on leases for the
         premises at 1320 Taylor Street and 1305 Taylor Street in Elyria, Ohio
         which expire on May 31, 2000 and August 31, 2000, respectively. Lessor
         agrees to assume the balance of these rental obligations from the date
         of commencement of this lease through the expiration of the lease at
         1320 Taylor Street, Elyria, Ohio and 1305

<PAGE>

         Taylor Street, Elyria, Ohio, for a total obligation not to exceed
         $45,433.80 for 1320 Taylor Street, Elyria, Ohio and for a total
         obligation not to exceed $78,000 for 1305 Taylor Street, Elyria, Ohio.
         Following the assumption of these rentals by Lessor, Lessor shall have
         the right to have the right to sublet said premises as it may see fit.

                  29. PERSONAL PROPERTY: Lessor agrees that the Lessee is the
         owner of the personal property to be located on the premises to be
         occupied by Lessee under the terms of this Lease, whether said personal
         property is attached to the premises or not. Lessor further
         acknowledges that NBD Bank, 1116 West Long Lake Road, Bloomfied Hills,
         MI 48302 has a lien upon or security interest in all of the Lessee's
         personal property and that said lien is prior to and superior to any
         interest lien or claim of any nature that the Lessor may now have or
         hereafter obtain in the personal property, whether by operation of law,
         contract or otherwise. Lessor further agrees that NBD Bank and/or
         Lessee may remove said personal property from the premises hereinabove
         described at any time without hindrance on the part of the Lessor and
         upon request of Lessor, will grant to NBD Bank or its representatives
         access to the premises so that NBD Bank or its representative may
         remove any personal property. Lessor further agrees that said personal
         property shall remain personal property and shall not become fixtures,
         notwithstanding the manner or mode of the attachment of the personal
         property to the land. Lessor waives any rights it may now or hereafter
         have in said personal property including, without limitation, any lien
         rights available under applicable law.

<PAGE>

              IN WITNESS WHEREOF, the Lessor and the Lessee and Guarantors have
         respectively signed and sealed this Lease as of the day and year first
         above written.

         IN THE PRESENCE OF:                   MMCA DEVELOPMENT, LLC.

         /s/ Christina Abraham                 By: /s/
         ---------------------------------        ------------------------------
                                               Its: Pres.

         /s/ William D. Logan
         ---------------------------------

                                               ALL AMERICAN SPORTS CORPORATION

         /s/ Kelly R. Turner                   By: /s/ Jay Cromwell
         ---------------------------------        ------------------------------
                                               Its:  VP/Operations

         /s/ Robert J. Kelly
         ---------------------------------        ------------------------------

 STATE OF OHIO
          SS
 LORAIN COUNTY

         Before me, a notary public in and for said county and state, personally
appeared MMCA Development, LLC. by _____________________________________ its
________________________ who acknowledged that he did sign the foregoing
instrument and that the same is the free act and deed of said corporation and
the free act and deed of him personally and as such officer.

         IN WITNESS WHEREOF, I have hereunto set my hand and official seal
at________________________, Ohio this 5 day of Jan (1998.) 1999

                                             /s/ Tammy Sanders
                                             ---------------------------------
                                  .          Notary Public
                                             Com Exp 6-29-99

<PAGE>

    STATE OF OHIO
           SS
    LORAIN COUNTY

         Before me, a notary public in and for said county and state, personally
appeared All American Sports Corporation, by Ray Cromwell its VP/Operations who
acknowledged that he did sign the foregoing instrument and that the same is the
free act and deed of said corporation and the free act and deed of him
personally and as such officer.

         IN WITNESS WHEREOF, I have hereunto set my hand and official seal at
Lorain Co., Ohio this 30th day of December, 1998.

                                            /s/ Andrea J. DeChant
                                            ---------------------------------
                                            Notary Public

                                                ANDREA J. DECHANT
                                                Notary Public. State of Ohio
                                                My Commission Expires 5-21-2000

<PAGE>

                                    GUARANTEE

         WHEREAS, All American Sports Corporation is a wholly owned subsidiary
of Riddell Sports, Inc.; and

         WHEREAS, MMCA Development, LLC. requires the guarantee of Riddell
Sports, Inc. as an inducement to enter into the lease attached hereto;

         IT IS HEREBY AGREED AS FOLLOWS:

         Riddell Sports, Inc. hereby does guarantee all of the obligations of
All American Sports Corporation under the terms and conditions of the lease
attached hereto, subject to the following:

         In the event that Riddell Sports, Inc., during the term of said lease,
shall sell either the assets of All American Sports Corporation or the corporate
stock of A11 American Sports Corporation to another entity whose purpose shall
be carrying on and continuing the business of All American Sports Corporation
and which entity has the financial capability of doing so (as opposed to the
liquidation of the assets of All American Sports Corporation) and said entity
shall affirmatively, in writing, agree to be obligated upon the attached lease,
then the guarantee of Riddell Sports, Inc. shall thereafter be null and void.

                                                  RIDDELL SPORTS, INC.

                                                  By: /s/ David Groelinger
                                                     --------------------------
                                                  Its: EVP & CFO

<PAGE>

                                    EXHIBIT B

         65000 SQ FT. Of plant area, building 300'-0" x 175' -0" x 20'-0" and
         100'-0 x 125'-0" x20' -0", including (2) truck wells,(]) elevated
         dock,(3)large overheads, radiant heat, electric (Minimum 800 amp
         service ),mechanical and sprinkler per code, 6" concrete floor,8'-0"
         wainscote on (3) walls, and asphalt parking for (120) cars. Building to
         be designed for future expansion off rear end wall. Building includes
         (2) 1' 2'x35' laundry trenches. Paint booth and stacks to be by
         Riddell/All American. Separate men and women's restrooms for plant
         employees.

         7000 SQ FT. of office space, building to be 35'-0" x 200'-0"x 14'-0"
         including all interior finishes, electrical, mechanical, sprinkler and
         HVAC systems. Office area to include separate men's and women's
         restrooms for office employees (1) large conference room, break room
         with kitchenette and (2) small meeting rooms. Office finishes include
         commercial grade carpet, painted dry wall and drop in acoustical
         ceilings.

                                      NOTES

                  Comm'l carpet allowance ($18-20) per yd.
                  800 amp electrical service - 3 phase
                  110 volt drops @ each outer column & each interior column
                   (plant area)
                  Roof system plant area Butler MR24 (20 yr. Warranty)
                  Roof system office area Butler VSR (20 yr. Warranty)
                  Office electrical will be adequate circuits for computer use
                   (on clean lines)
                  Landscaping provided --$5000 allowance
                  Riddell\All American will be given opportunity @their expense
                   to install wiring for computer and phone system prior to
                   drywall installation
                  Kitchenette for Lunch Room

                                    ADDITIONS
                                       BY
                               Riddell/All American

                  Add lunch room in plant 400 SQ FT
                  Add factory office 150 SQ FT
                  Add helmet test room 200 SQ FT
                  Add overhead storage over factory restrooms, lunch room ,etc.
                  Add mail room in plant 150 SQ FT
                  Add walls to enclose buffing room, drying room, and separate
                   bag storage from balance of plant

                                 Ridell/All American

                  (Charles - per our conversation NBA
                                           12/28/98 (initialed handwritten note)

<PAGE>

                                    ADDENDUM

                  THIS ADDENDUM, made and entered into this 1st day of Feb, 2000
         is an Addendum to the Agreement to Build and Lease dated October 30,
         1998 by and between MMCA Development, LLC. hereinafter referred to as
         Lessor, and ALL AMERICAN SPORTS CORPORATION, hereinafter referred to as
         "Lessee".

                                   WITNESSETH:

                  WHEREAS, the parties hereto have entered into an Agreement to
         Build and Lease (Lease) dated December 30, 1998 and;

                  WHEREAS, the parties hereto desire to amend said lease.

                  NOW, THEREFORE, in consideration of the mutual promises
         contained, the parties hereto agree as follows:

                  1. Exhibit A attached hereto and made a part hereof describes
         the premises which Lessor has leased, rented, let and demised to Lessee
         pursuant to said Lease.

                  2. Paragraph 6 of said Lease is amended to read as follows:

                  "Lessee agrees to pay promptly and before they become
                  delinquent all taxes, general and special, imposed at any time
                  during the term of this lease upon or against the premises,
                  including the land and all improvements now or hereafter
                  thereon which may be lawfully assessed in the name of Lessor."

                  3. Lessor has incurred as additional costs of construction by
         reason of change of the originally approved plans and specifications of
         said Lease as requested by Lessee not reflected in the plans and
         specifications as approved by lessee the sum of Two Hundred Sixty Six
         Thousand Six Hundred Thirty Five and no/100 Dollars ($266,635.00) which
         costs and changes include the sprinkler system. Lessee is entitled to
         allowances as set forth Paragraph 4(B) of said

<PAGE>

         Lease for a net amount of One Hundred Sixty Six Thousand Six Hundred
         Thirty Five and no/100 Dollars ($166,635.00) for said additional costs
         of construction

                  In addition, Lessor has purchased equipment as set forth in
         Exhibit B attached hereto for a total costs of Two Hundred Forty Five
         Thousand Three Hundred Fourteen Dollars ($245,314.00). Lessee agrees to
         lease said equipment from Lessor over the last one hundred seventy six
         (176) months of the term of this lease at a monthly rental of Two
         Thousand Six Hundred Sixty Three and 52/100 Dollars ($2,663.52). At the
         expiration of said equipment lease. Lessee shall have the option to
         purchase said equipment for the sum of One Dollar ($1.00).

                  Accordingly, the Lessee shall pay to Lessor the sum of Four
         Thousand Four Hundred Seventy Three and 21/100 Dollars ($4,473.21) per
         month in addition to the rental set forth is Paragraph 4(A) of the
         Lease, or a total of Thirty One Thousand Six Hundred Forty Two and
         21/100 Dollars ($31,642.21) for the last one hundred seventy six months
         (176) of the term of said Lease.

                  IN WITNESS WHEREOF, the parties hereto have set their hands
         the day and year first above written.

         1N THE PRESENCE OF.                   MMCA DEVELOPMENT, LLC.

          /s/ Gayle L. Redlick                 By: /s/
         ---------------------------------        ------------------------------
                                               Its:

          /s/ Jay Cromwell
         ---------------------------------     ALL AMERICAN SPORTS
                                               CORPORATION

          /s/ Gayle L. Redlick
         --------------------------------      By: /s/ William D. Logan
                                                  ------------------------------
                                               Its: VP Finance
          /s/ Jay Cromwell
         ---------------------------------

<PAGE>

                                    EXHIBIT B

                Paint system - new Elyria Facility
                Air compressors/lines
                New facility wiring/cabling/alarm system
                Racks/shelving
                Duct work/air hood unit
                Laundry installation excluding machinery
                Signs

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