Document:

<PAGE>   1
                                                                    Exhibit 10.1

                  AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT

                            DATED AS OF MAY 10, 2001

                  OFFICE DEPOT, INC., a Delaware corporation (the "BORROWER"),
the banks, financial institutions and other institutional lenders (collectively,
the "INITIAL LENDERS") party hereto, SUNTRUST BANK, as paying agent (together
with any successor thereto appointed pursuant to Article VII of the Existing
Credit Agreement referred to below, the "ADMINISTRATIVE AGENT") for the Lenders
(as defined in the Existing Credit Agreement referred to below), SALOMON SMITH
BARNEY INC. ("SSBI") and BANK ONE, NA ("BANK ONE"), as joint lead arrangers,
SSBI, as sole bookrunner, CITIBANK, N.A., as sole Syndication Agent, and Bank
One, as Co-Documentation Agent, hereby agree as follows:

                             PRELIMINARY STATEMENTS

                  (1) The Borrower is party to a 364 Day Revolving Credit
Agreement dated as of June 2, 2000 (as amended, supplemented or otherwise
modified from time to time to (but not including) the date of this Amendment and
Restatement, the "EXISTING CREDIT AGREEMENT") with the banks, financial
institutions and other institutional lenders party thereto and SunTrust Bank, as
Administrative Agent for the Lenders and such other lenders, Bank of America,
N.A., as Syndication Agent, Bank One, NA, as Documentation Agent and Citibank,
N.A., as Managing Agent. Capitalized terms not otherwise defined in this
Amendment and Restatement shall have the same meanings as specified in the
Existing Credit Agreement.

                  (2) The parties to this Amendment and Restatement desire to
amend the Existing Credit Agreement as set forth herein and to restate the
Existing Credit Agreement in its entirety to read as set forth in the Existing
Credit Agreement with the following amendments.

                  (3) The Borrower has requested that the Lenders agree to
extend credit to it from time to time in an aggregate principal amount of up to
$250,000,000 for general corporate purposes of the Borrower and its Subsidiaries
not otherwise prohibited under the terms of this Agreement. The Lenders have
indicated their willingness to agree to extend credit to the Borrower from time
to time in such amount on the terms and conditions of this Amendment and
Restatement.

                  SECTION 1. AMENDMENTS TO THE EXISTING CREDIT AGREEMENT. The
Existing Credit Agreement is, effective as of the date of this Amendment and
Restatement and subject to the satisfaction of the conditions precedent set
forth in Section 2, hereby amended as follows:

                  (a) The recital of parties is amended in full to read as set
forth in the recital of parties to this Amendment and Restatement.

                  (b) Section 1.1 is amended by deleting the definitions of
"Commitment" and "Lenders" set forth therein and replacing them, respectively,
with the following new definitions thereof:

                  "COMMITMENT" or "REVOLVING LOAN COMMITMENT" shall mean, at any
         time for any Lender, the amount of such commitment set forth opposite
         such Lender's name on Schedule I hereto, as the same may be decreased
         from time to time as a result of any reduction thereof pursuant to
         Section 2.3, any assignment thereof pursuant to Section 10.6, or any
         amendment

<PAGE>   2
                                       2

         thereof pursuant to Section 10.2, or as the same may be increased from
         time to time pursuant to Section 3.22, which amount shall include such
         Lender's Revolving Loans.

                  "LENDERS" means, collectively, each Initial Lender and each
         other Person that shall become a party hereto pursuant to Sections 3.22
         or 10.6.

                  (c) The definition of "Applicable Margin" in Section 1.1 is
amended by deleting the table included therein and substituting therefor the
following:

<TABLE>
<CAPTION>
                                                                            Eurodollar
                              Rating:                                  Margin/Letter of
            Level           S&P/Moody's            Facility Fee             Credit Fee           Utilization Fee
            -----           -----------            ------------        ----------------          ---------------
             <S>         <C>                          <C>                    <C>                     <C>
              I            Less than A-/A3            10.0 bp                40.0 bp                 12.5 bp
              II             BBB+/Baa1                12.5 bp                50.0 bp                 12.5 bp
             III              BBB/Baa2                15.0 bp                72.5 bp                 12.5 bp
              IV             BBB-/Baa3                17.5 bp                95.0 bp                 25.0 bp
              V        Greater than BBB-/Baa3         30.0 bp                95.0 bp                 50.0 bp

</TABLE>

                  (d) The definition of "Pro Rata Share" in Section 1.1 is
amended by deleting the phrase "set forth under the name of such Lender on the
respective signature page for such Lender" and substituting therefor the phrase
"set opposite the name of such Lender on Schedule I hereto".

                  (e) Section 3.5(b) is amended by deleting therefrom the phrase
"a Utilization Fee equal to 0.125% times such aggregate outstanding principal
amount" and substituting therefor the phrase "a Utilization Fee computed at the
rate of the Utilization Fee Applicable Margin times such aggregate outstanding
principal amount".

                  (f) Section 3.20 is amended (i) by deleting the date "June 1,
2001" in subsection (a) thereof and substituting therefor the date "May 3,
2002", (ii) by deleting the figures "30" and "59" from subsection (a) thereof
and substituting therefor the figures "45" and "60", respectively, (iii) by
deleting the figure "15" from subsection (b) thereof and substituting therefor
the figure "20" and (iv) deleting from subsection (b) thereof the proviso at the
end of the second sentence.

                  (g) A new Section 3.22 is added to read as follows:

                  SECTION 3.22. INCREASE IN THE AGGREGATE COMMITMENTS. (a) The
         Borrower may, at any time but in any event not more than once in any
         calendar year prior to the Termination Date, by notice to the
         Administrative Agent, request that the aggregate amount of the
         Commitments be increased by integral multiples of $10,000,000 (each a
         "COMMITMENT INCREASE") to be effective as of a date that is at least 90
         days prior to the scheduled Termination Date then in effect (the
         "INCREASE DATE") as specified in the related notice to the
         Administrative Agent; PROVIDED, HOWEVER

<PAGE>   3
                                       3

         that (i) in no event shall the aggregate amount of the Commitments at
         any time exceed $300,000,000 and (ii) on the date of any request by the
         Borrower for a Commitment Increase and on the related Increase Date,
         (x) the Borrower's senior unsecured long-term debt shall be rated
         better than or equal to Baa3 from Moody's and BBB- from S&P and (y) the
         applicable conditions set forth in Section 4.2 shall be satisfied.

                  (b) The Administrative Agent shall promptly notify the Lenders
         of a request by the Borrower for a Commitment Increase, which notice
         shall include (i) the proposed amount of such requested Commitment
         Increase, (ii) the proposed Increase Date and (iii) the date by which
         Lenders wishing to participate in the Commitment Increase must commit
         to an increase in the amount of their respective Commitments (the
         "COMMITMENT DATE"). Each Lender that is willing to participate in such
         requested Commitment Increase (each an "INCREASING LENDER") shall, in
         its sole discretion, give written notice to the Administrative Agent on
         or prior to the Commitment Date of the amount by which it is willing to
         increase its Commitment. If the Lenders notify the Administrative Agent
         that they are willing to increase the amount of their respective
         Commitments by an aggregate amount that exceeds the amount of the
         requested Commitment Increase, the requested Commitment Increase shall
         be allocated among the Lenders willing to participate therein based on
         the ratio of each existing Lender's proposed Commitment increase to the
         aggregate of the proposed Commitment increases of all Lenders.

                  (c) Promptly following each Commitment Date, the
         Administrative Agent shall notify the Borrower as to the amount, if
         any, by which the Lenders are willing to participate in the requested
         Commitment Increase. If the aggregate amount by which the Lenders are
         willing to participate in any requested Commitment Increase on any such
         Commitment Date is less than the requested Commitment Increase, then
         the Borrower may extend offers to one or more Eligible Assignees to
         participate in any portion of the requested Commitment Increase that
         has not been committed to by the Lenders as of the applicable
         Commitment Date; PROVIDED, however, that the Commitment of each such
         Eligible Assignee shall be in a minimum amount of $5,000,000.

                  (d) On each Increase Date, each Eligible Assignee that accepts
         an offer to participate in a requested Commitment Increase in
         accordance with Section 3.22(b) (each such Eligible Assignee, an
         "ASSUMING LENDER") shall become a Lender party to this Agreement as of
         such Increase Date and the Commitment of each Increasing Lender for
         such requested Commitment Increase shall be so increased by such amount
         (or by the amount allocated to such Lender pursuant to the last
         sentence of Section 3.22(b)) as of such Increase Date; PROVIDED,
         HOWEVER, that the Administrative Agent shall have received on or before
         such Increase Date the following, each dated such date:

                           (i) (A) certified copies of resolutions of the Board
                  of Directors of the Borrower or the Executive Committee of
                  such Board approving the Commitment Increase and the
                  corresponding modifications to this Agreement (B) a duly
                  executed consent to such Commitment Increase from each
                  Guarantor, (C) duly executed Revolving Notes to each Assuming
                  Lender and each Increasing Lender evidencing their respective
                  Revolving Loan Commitments and (D) an opinion of counsel for
                  the Borrower (which may be in-house counsel), in form and
                  substance satisfactory to the Administrative Agent, each
                  Assuming Lender and each Increasing Lender;

                           (ii) an assumption agreement from each Assuming
                  Lender, if any, in form and substance satisfactory to the
                  Borrower and the Administrative Agent (each an "ASSUMPTION
                  AGREEMENT"), duly executed by such Assuming Lender, the
                  Administrative Agent and the Borrower; and

<PAGE>   4
                                       4

                           (iii) confirmation from each Increasing Lender of the
                  increase in the amount of its Commitment in a writing
                  satisfactory to the Borrower and the Administrative Agent.

         On each Increase Date, upon fulfillment of the conditions set forth in
         the immediately preceding sentence of this Section 3.22(d), the
         Administrative Agent shall notify the Lenders (including, without
         limitation, each Assuming Lender) and the Borrower, on or before 1:00
         P.M. (Florida time), by telecopier or telex, of the occurrence of the
         Commitment Increase to be effected on such Increase Date and shall
         record in the Register the relevant information with respect to each
         Increasing Lender and each Assuming Lender on such date.

                  (h) Section 4.2(c) is amended by deleting the date "December
25, 1999" and substituting therefor the date "December 30, 2000" and (ii) by
deleting the phrase "1999 fiscal year" and substituting therefor the phrase
"2000 fiscal year".

                  (i) Section 5.3 is amended (i) by deleting the phrase
"December 1999" and substituting therefor the phrase "December 2000", (ii) by
deleting the phrase "March, June and September 1999 and of March 2000" and
substituting therefor the phrase "March, June and September 2000" and (iii) by
deleting the date "December 25, 1999" and substituting therefor the date
"December 30, 2000".

                  (j) Section 5.7 is amended by deleting the date "December 25,
1999" and substituting therefor the date "December 30, 2000".

                  (k) Section 10.7 is amended (i) by deleting the phrase "State
of Illinois" in subsection (a) thereof and substituting therefor the phrase
"State of New York", (ii) by deleting the phrase "Cook County, Illinois" in
subsection (b) thereof and substituting therefor the phrase "New York County,
New York" and (iii) by deleting the phrase "the Northern District of Illinois"
in subsection (b) thereof and substituting therefor the phrase "the Southern
District of New York".

                  (l) A new Schedule I is added to read as set forth on Schedule
I to this Amendment and Restatement.

                  SECTION 2. CONDITIONS OF EFFECTIVENESS OF THIS AMENDMENT AND
RESTATEMENT. This Amendment and Restatement shall become effective as of the
date first above written (the "RESTATEMENT EFFECTIVE DATE") when and only if:

                  (a) The Administrative Agent shall have received counterparts
         of this Amendment and Restatement executed by the Borrower and all of
         the Initial Lenders or, as to any of the Initial Lenders, advice
         satisfactory to the Administrative Agent that such Initial Lender has
         executed this Amendment and Restatement.

                  (b) The Administrative Agent shall have received on or before
         the Restatement Effective Date the following, each dated such date and
         (unless otherwise specified below) in form and substance satisfactory
         to the Administrative Agent and in sufficient copies for each Initial
         Lender:

                           (i) The duly executed Revolving Notes evidencing the
                  Revolving Loan Commitments.

                           (ii) The duly executed Consent of each Guarantor in
                  the form attached to this Amendment and Restatement.

<PAGE>   5
                                       5

                           (iii) A certificate of the Secretary or an Assistant
                  Secretary of the Borrower certifying the names and true
                  signatures of the officers of the Borrower authorized to sign
                  this Amendment and Restatement and the Revolving Notes and the
                  other documents to be delivered hereunder by the Borrower.

                           (iv) A certificate of the Secretary or Assistant
                  Secretary of the Borrower, attaching and certifying copies of
                  the resolutions of the board of directors of the Borrower,
                  authorizing the execution, delivery and performance of this
                  Amendment and Restatement.

                           (v) A favorable opinion of independent counsel of the
                  Borrower acceptable to the Administrative Agent, addressed to,
                  and in form and substance satisfactory to, the Administrative
                  Agent and each of the Initial Lenders.

                  (c) The representations and warranties contained in Article V
         of the Existing Credit Agreement shall be correct on and as of the
         Restatement Effective Date, before and after giving effect to the
         Restatement Effective Date, as though made on and as of such date.

                  (d) No event shall have occurred and be continuing, or shall
         occur as a result of the occurrence of the Restatement Effective Date,
         that constitutes a Default.

                  SECTION 3. REFERENCE TO AND EFFECT ON THE EXISTING CREDIT
AGREEMENT AND THE NOTES. (a) On and after the effectiveness of this Amendment
and Restatement, each reference in the Existing Credit Agreement to "this
Agreement", "hereunder", "hereof" or words of like import referring to the
Existing Credit Agreement, and each reference in the Notes and each other Credit
Document to "the Credit Agreement", "thereunder", "thereof" or words of like
import referring to the Existing Credit Agreement, shall mean and be a reference
to the Existing Credit Agreement, as amended by this Amendment and Restatement.

                  (b) The Existing Credit Agreement and the Notes, as
specifically amended by this Amendment and Restatement, are and shall continue
to be in full force and effect and are hereby in all respects ratified and
confirmed.

                  (c) Without limiting any of the other provisions of the
Existing Credit Agreement, as amended by this Amendment and Restatement, any
references in the Existing Credit Agreement to the phrases "Closing Date", "on
the date hereof", "on the date of this Agreement" or words of similar import
shall mean and be a reference to the date of the Existing Credit Agreement
(which is June 2, 2000).

                  SECTION 4. COSTS AND EXPENSES. The Borrower agrees to pay on
demand all reasonable out-of-pocket costs and expenses of the Administrative
Agent in connection with the preparation, execution, delivery and
administration, modification and amendment of this Amendment and Restatement,
the Notes and the other documents to be delivered hereunder (including, without
limitation, the reasonable and documented fees and expenses of counsel for the
Administrative Agent with respect hereto and thereto) in accordance with the
terms of Section 10.4 of the Existing Credit Agreement.

                  SECTION 5. EXECUTION IN COUNTERPARTS. This Amendment and
Restatement may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page
to this Amendment and Restatement by telecopier shall be effective as delivery
of a manually executed counterpart of this Amendment and Restatement.

<PAGE>   6
                                       6

                  SECTION 6. GOVERNING LAW. This Amendment and Restatement shall
be governed by, and construed in accordance with, the laws of the State of New
York.

                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment and Restatement to be executed by their respective officers thereunto
duly authorized, as of the date first above written.

                                       THE BORROWER

                                            OFFICE DEPOT, INC.

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                       THE AGENT

                                            SUNTRUST BANK,
                                            as Administrative Agent

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                       THE INITIAL LENDERS

                                       Joint Lead Arrangers

                                            CITIBANK, N.A.

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                            BANK ONE, NA

                                            By_______________________________
                                                     Name:
                                                     Title:

                                       CO-DOCUMENTATION AGENTS

                                       BNP PARIBAS

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

<PAGE>   7
                                       7

                                            WELLS FARGO BANK, N.A.

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                       MANAGING AGENTS

                                            FIRST UNION NATIONAL BANK

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                            FLEET NATIONAL BANK

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                            THE ROYAL BANK OF SCOTLAND

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

                                            Lender

                                            SUNTRUST BANK

                                            By
                                               ---------------------------------
                                                     Name:
                                                     Title:

<PAGE>   8
                                       8

                   SCHEDULE I TO THE AMENDMENT AND RESTATEMENT

                         COMMITMENTS AND PRO RATA SHARES

Name of Lender                          Commitment              Pro Rata Share
--------------                          ----------              --------------

Bank One, NA                           $ 40,000,000                  15.69%
BNP Paribas                            $ 40,000,000                  15.69%
Citibank, N.A.                         $ 40,000,000                  15.69%
First Union National Bank              $ 25,000,000                   9.80%
Fleet National Bank                    $ 25,000,000                   9.80%
The Royal Bank of Scotland             $ 30,000,000                  11.76%
Suntrust Bank                          $ 20,000,000                   7.84%
Wells Fargo Bank, N.A.                 $ 35,000,000                  13.73%

Total of Commitments                   $255,000,000                 100.00%

<PAGE>   9

                                     CONSENT

                                                         Dated as of May 4, 2001

                  The undersigned, each a Guarantor under the Subsidiary
Guaranty and the Contribution Agreement, each dated _______________, 2000
(collectively, the "GUARANTY AGREEMENTS") in favor of the Administrative Agent[,
for its benefit and the benefit of] the Lenders parties to the Existing Credit
Agreement referred to in the foregoing Amendment and Restatement, hereby
consents to such Amendment and Restatement and hereby confirms and agrees that
notwithstanding the effectiveness of such Amendment and Restatement, each
Guaranty Agreement is, and shall continue to be, in full force and effect and is
hereby ratified and confirmed in all respects.

                                       EASTMAN INC.

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       EASTMAN OFFICE PRODUCTS CORPORATION

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       OD INTERNATIONAL, INC.

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       ODNV, INC.

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       THE OFFICE CLUB, INC.

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       OFFICE DEPOT OF TEXAS, L.P.

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:

                                       VIKING OFFICE PRODUCTS, INC.

                                       By
                                          --------------------------------------
                                          Name:
                                          Title:Exhibit 10.34

                            AMENDMENT, ASSIGNMENT AND
                          ASSUMPTION OF LEASE AGREEMENT

     THIS  AMENDMENT,  ASSIGNMENT AND ASSUMPTION OF LEASE (the  "AGREEMENT")  is
made  this  27th  day of  April,  2001,  by  BELL  SPORTS,  INC.,  a  California
corporation  ("ASSIGNOR"),  ROYAL GRIP, INC., a Nevada corporation ("ASSIGNEE"),
and HOWARD LAKE RANCH, L.L.C., an Arizona limited liability company ("Lessor").

                                    RECITALS

     A.  Assignor  presently  leases from Lessor  property  consisting of 12,315
square  feet of floor area in a building  (the  "BUILDING")  located at 15170 N.
Hayden Road,  Scottsdale,  Arizona (which  address is  incorrectly  noted on the
Lease as 15255 N. 78th Way, Scottsdale,  Arizona) and depicted on the floor plan
on EXHIBIT A to this  Assignment  (the  "PREMISES"),  pursuant  to that  certain
Building Lease,  dated March 25, 1996 between Outback Land L.C., as landlord and
Assignor, as tenant (the "LEASE"). Pursuant to that certain Assignment of Leases
dated July 5, 1996,  Outback  Land L.C.  assigned  its  interest in the Lease to
Larry Gordon, an individual.  Larry Gordon subsequently assigned his interest as
landlord under the Lease to Lessor.

     B. Assignor has  subleased  8,058  rentable  square feet of the Building to
Assignee pursuant to a Sublease  Agreement dated August 1, 1997 (the "Royal Grip
Sublease").

     C. Assignor has  subleased  1,120  rentable  square feet of the Building to
Gabel Investments,  Inc. pursuant to a letter agreement dated July 16, 1997 (the
"Gabel Sublease").

     D. The parties  agree to amend the Lease and Assignor  desires to assign to
Assignee and Assignee desires to acquire all of Assignor's interest as lessee in
and to the Lease and the Premises on the terms and  conditions set forth in this
Agreement.

     FOR VALUABLE CONSIDERATION, it is agreed as follows:

     1. ASSIGNMENT. The parties acknowledge that (i) the Royal Grip Sublease and
Gabel  Sublease  will both expire on May 31, 2001,  and (ii) the initial term of
the Lease will expire on May 31, 2001,  provided  that the Lease will be renewed
as described in Section 3 below.  Effective June 1, 2001 (the "Effective Date"),
Assignor  hereby  grants,  conveys,  and assigns to Assignee,  all of Assignor's
right,  title,  and  interest  in and to the  Lease  and the  Premises,  subject
however, to the provisions of the Lease.

     2.  ASSUMPTION.  Commencing on the Effective Date,  Assignee hereby assumes
all of Assignor's  responsibilities,  liabilities,  and obligations set forth in
the Lease,  and agrees to perform and observe all of  Assignor's  covenants  and
conditions contained in the Lease.

     3. RENEWAL OF THE LEASE.  Assignor  and Assignee  hereby elect to renew the
Lease  pursuant  to  Section 3 of  Exhibit  F-Addendum  to the Lease for one (1)
additional  three (3) year period  commencing on the Effective Date at a monthly
rental  rate of  $22,351.73  plus  applicable  rental tax.  Operating  Costs (as
defined in the Lease)  shall be adjusted to reflect a 2001 base year  comparison
(the "BASE  COSTS")  and  Assignee  shall pay to Lessor as  additional  rent its
<PAGE>
proportionate  share  of any  increase(s)  (subject  to a  maximum  10%  cap) in
operating costs above the 2001 base year for all subsequent years. Lessor hereby
agrees to notify  Assignee in writing of the Base Costs upon  conclusion  of the
2001 calendar year.

     4.  LESSOR'S  CONSENT.  Lessor  hereby  consents  to (i) the  terms of this
Assignment,  (ii) Assignee  subleasing to Assignor 1,322 rentable square feet of
space within the Building, depicted on the floor plan attached hereto as EXHIBIT
B ("Floor  Plan"),  and (iii) Assignee  subleasing to Gabel  Investments,  Inc.,
1,120  rentable  square feet of space within the Building,  also depicted on the
Floor Plan.

     5. RELEASE OF ASSIGNOR'S  OBLIGATIONS.  Commencing  on the Effective  Date,
Lessor hereby  releases  Assignor from all of Assignor's  obligations  under the
Lease,  including  Assignor's liability to pay rent under the Lease in the event
of a default by Assignee or otherwise.

     6.  REPRESENTATIONS  AND WARRANTIES OF LESSOR.  Lessor is the sole owner of
the  Premises  and the sole  lessor  under the  Lease,  and has not  encumbered,
pledged, assigned,  transferred or hypothecated its interest in the Lease in any
manner;  Assignor's  interest in the Lease is not subject to the interest of any
third person or anyone else, except as provided in this Agreement,  and no third
party consent is necessary to effectuate this Agreement.

     7.  REPRESENTATIONS  AND  WARRANTIES  OF  ASSIGNOR.   Assignor  represents,
warrants, and covenants to Assignee as follows:

          (a) With  respect to the Lease,  Assignor is the sole lessee under the
     Lease,  and  accordingly,  is the sole  owner and  holder  of the  lessee's
     interest  thereunder and of the leasehold estate;  lessee's interest in the
     Lease  and  leasehold  estate  are  not  encumbered,   pledged,   assigned,
     transferred or  hypothecated in any manner  whatsoever,  nor subject to the
     interest of any third person or anyone else other than the sublessees under
     the Royal Grip Sublease and the Gabel Sublease.

          (b) The Lease is in full force and effect as of the date hereof; there
     are no actions,  suits,  proceedings or claims  pending or threatened  with
     respect to or in any manner  affecting the Lease or the Premises,  nor does
     Assignor know of any facts or circumstances which could reasonably form the
     basis for any such actions, suits, claims or proceedings; all rent payments
     due  under the Lease  have  been  paid in full as of the date  hereof,  and
     Assignor has fulfilled all other  obligations  and made all other  payments
     due  thereunder;  Assignor  is not in default  under any  provision  of the
     Lease, and no other default  presently exists under the terms of the Lease;
     no event has  occurred  which,  with the  passage of time or action,  would
     result in a default under the Lease.

          (c) Assignor shall indemnify,  defend and hold Assignee  harmless for,
     from and against any and all actions,  suits,  proceedings and claims,  and
     all costs and expenses incurred in connection  therewith (including without
     limitation  reasonable  attorney's  fees),  arising from or relating to the
     Lease,  and which  occurred  or are alleged to have  occurred  prior to the
     Effective Date.
<PAGE>
          (d) Assignor shall perform all  obligations  and make all payments due
     under the Lease from now until the Effective Date.  Lessor agrees to notify
     Assignee of any default by Assignor prior to the Effective Date.

     8.  APPOINTMENT.   Assignor  hereby  irrevocably  appoints  Assignee,   its
successors  and assigns,  as the attorney and agent of Assignor,  in  Assignor's
name and stead, to enforce the provisions of the Lease.

     9. BINDING EFFECT. This Assignment shall inure to the benefit of, and shall
be binding upon, the parties hereto and their respective successors and assigns.

     10. CHOICE OF LAW. This  Assignment  shall be construed in accordance  with
the laws of the State of Arizona.

     11.  ATTORNEYS'  FEES.  Should  either party  institute any legal action or
proceeding to enforce the provisions of this  Assignment,  the prevailing  party
shall be entitled to recover its reasonable  attorneys'  fees and costs incurred
in connection with the exercise of its rights and remedies  hereunder as well as
court costs and expert witness fees as the court shall determine.

     12.  COUNTERPARTS.  This  Assignment  may  be  executed  in any  number  of
counterparts,  each  of  which  shall  be an  original  but all of  which  shall
constitute one and the same instrument.

                                     BELL SPORTS, INC., a California corporation

                                     By: /s/ Lori A. Sherwood
                                         ---------------------------------------
                                     Name: Lori A. Sherwood
                                           -------------------------------------
                                     Its: Vice President Finance
                                          --------------------------------------
                                                                      "Assignor"

                                     ROYAL GRIP, INC., a Nevada corporation

                                     By: /s/ Thomas A. Schneider
                                         ---------------------------------------
                                     Name: Thomas A. Schneider
                                          --------------------------------------
                                     Its: PRESIDENT
                                          --------------------------------------
                                                                      "Assignee"

                                     HOWARD LAKE RANCH, L.L.C., an Arizona
                                     limited liability company

                                     By: /s/ Bruno Salamone
                                         ---------------------------------------
                                     Name: Bruno Salamone
                                           -------------------------------------
                                     Its: Managing Member
                                          --------------------------------------
                                                                        "Lessor"
<PAGE>
                                    EXHIBIT A

                                [Leased Premises]

<PAGE>
                                    EXHIBIT B

                                  [Floor Plan]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}]]