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                                                                   EXHIBIT 10(I)

                               EIGHTH AMENDMENT TO
                        FINANCING AND SECURITY AGREEMENT

THIS EIGHTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT, dated as of October
8, 1999, is by and among FIRST UNION COMMERCIAL CORPORATION ("Lender"), ELLETT
BROTHERS, INC. ("Ellett"), LEISURE SPORTS MARKETING, INC. ("Leisure"), EVANS
SPORTS, INC., ("Evans"), SAFESPORT MANUFACTURING COMPANY ("Safesport"), and
VINTAGE EDITIONS, INC. ("Vintage") (hereinafter Ellett, Leisure, Evans,
Safesport and Vintage may be referred to collectively as the "Borrower").

RECITAL

A.       The Lender and the Borrower have entered into that certain Financing
and Security Agreement, dated June 10, 1994, as amended (the "Financing
Agreement").

B.       The Borrower and the Lender have agreed to amend the Financing
Agreement as set forth herein.

NOW, THEREFORE, the parties hereto agree as follows:

         1.       The first paragraph of Section 1(a) is amended in its entirety
so that such paragraph now reads as follows:

                  Lender agrees to make loans (the "Loans") to Borrower from
         time to time up to the sum of the following amounts (hereinafter such
         sum shall be referred to as the "Borrowing Base"):

                           (A) an amount equal to 85% of the outstanding amount
                  of "Eligible Trade Receivables" of Ellett; plus

                           (B) an amount equal to 85% of "Eligible Dated Trade
                  Receivables" of Ellett; provided, however, the foregoing
                  amount specified in this subsection (B) shall not exceed 50%
                  of the Receivables of Ellett; plus

                           (C) an amount equal to the sum of 70% of "Eligible
                  Hunting and Shooting Sports Finished Goods Inventory" of
                  Ellett plus 50% of "Eligible Marine Finished Goods Inventory"
                  of Ellett plus an amount equal to 50% of the "Eligible
                  Subsidiary Inventory"; provided, however, such sum specified
                  in this subsection (C) shall not exceed $25,000,000.00 at any
                  time outstanding (or $30,000,000.00 at any time outstanding
                  during the 120-day period commencing on October 8, 1999); plus

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                           (D) an amount equal to 85% of the "Eligible
                  Subsidiary Receivables";

         provided, however, the outstanding principal amount of the Loans, plus
         the aggregate stated amount of outstanding Drafts (as defined below)
         plus the Letter of Credit Obligations (as defined below) shall not
         exceed $40,000,000.00 at any time outstanding (or $45,000,000.00 at any
         time outstanding during the 120-day period commencing on October 8,
         1999); provided further, each Loan which bears interest at the Three
         Month LIBOR Rate plus the Applicable Margin shall be in a minimum
         amount of $1,000,000.00 and in multiples of $1,000,000.00 in excess
         thereof.

         2.       This Eighth Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original, and it shall not be necessary in making proof of this Eighth Amendment
to produce or account for more than one counterpart.

         3.       THIS EIGHTH AMENDMENT AND THE OTHER DOCUMENTS AND AGREEMENTS
EXECUTED IN CONNECTION HEREWITH (UNLESS SPECIFICALLY STIPULATED TO THE CONTRARY
IN SUCH DOCUMENT OR AGREEMENT), AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER AND THEREUNDER, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NORTH CAROLINA WITHOUT REGARD TO
CONFLICTS OF LAWS PRINCIPLES.

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IN WITNESS WHEREOF, the parties hereto have caused this Eighth Amendment to be
executed by their duly authorized corporate officers as of the day and year
first above written.

                                    ELLETT BROTHERS, INC.

                                    By: /s/George S. Loney CFO
                                       --------------------------------
                                       (Title)

                                    EVANS SPORTS, INC., a South
                                    Carolina corporation

                                    By: /s/George S. Loney CFO
                                       --------------------------------
                                       (Title)

                                    LEISURE SPORTS MARKETING, INC., a
                                    South Carolina corporation

                                    By: /s/George S. Loney CFO
                                       --------------------------------
                                       (Title)

                                    SAFESPORT MANUFACTURING COMPANY, a
                                    South Carolina corporation

                                    By: /s/George S. Loney CFO
                                       --------------------------------
                                       (Title)

                                    VINTAGE EDITIONS, INC., a
                                    South Carolina corporation

                                    By: /s/George S. Loney CFO
                                       --------------------------------
                                       (Title)

                                    FIRST UNION COMMERCIAL CORPORATION

                                    By: /s/Bruce K. Rhodes, VP
                                       -----------------------------
                                       (Title)

                                       3<PAGE>   1

                                                                   EXHIBIT 10(J)

                               NINTH AMENDMENT TO
                        FINANCING AND SECURITY AGREEMENT

THIS NINTH AMENDMENT TO FINANCING AND SECURITY AGREEMENT, dated as of October 8,
1999, is by and among FIRST UNION COMMERCIAL CORPORATION ("Lender"), ELLETT
BROTHERS, NC. ("Ellett"), LEISURE SPORTS MARKETING, INC. ("Leisure"), EVANS
SPORTS, INC., ("Evans"), SAFESPORT MANUFACTURING COMPANY ("Safesport"), VINTAGE
EDITIONS, INC. ("Vintage") and ARCHERY CENTER INTERNATIONAL, INC. ("Archery")
(hereinafter Ellett, Leisure, Evans, Safesport:, Vintage and Archery may be
referred to collectively as the "Borrower").

RECITAL

A.       The Lender, Ellett, Leisure, Evans, Safesport and Vintage have entered
into that certain Financing and Security Agreement, dated June 10, 1994, as
amended (the "Financing Agreement").

B.       The Borrower and the Lender have agreed to amend the Financing
Agreement as set forth herein.

NOW, THEREFORE, the parties hereto agree as follows:

         1.       The Financing Agreement is hereby amended as follows:

                  (a)      The introductory paragraph of the Financing Agreement
         is amended in its entirety so that such paragraph now reads as follows:

                           AGREEMENT made June 10, 1994, as amended, by and
                  between ELLETT BROTHERS, INC., a business corporation duly
                  organized under the laws of the State of South Carolina having
                  a principal place of business at 267 Columbia Avenue, Chapin,
                  South Carolina 29036 ("Ellett"), EVANS SPORTS, INC., a
                  business corporation duly organized under the laws of the
                  State of South Carolina having a principal place of business
                  at 267 Columbia Avenue, Chapin, South Carolina 29036
                  ("Evans"), LEISURE SPORTS MARKETING, INC., a business
                  corporation duly organized under the laws of the State of
                  South Carolina having a principal place of business at 267
                  Columbia Avenue, Chapin, South Carolina 29036 ("Leisure"),
                  SAFESPORT MANUFACTURING COMPANY, a business corporation duly
                  organized under the laws of the State of South Carolina having
                  a principal place of business at 267 Columbia Avenue, Chapin,
                  South Carolina 29036 ("Safesport"), VINTAGE EDITIONS, INC., a
                  business corporation duly organized under the laws of the
                  State of South Carolina having a principal place of business
                  at 267 Columbia Avenue, Chapin, South Carolina 29036
                  ("Vintage") and ARCHERY CENTER INTERNATIONAL, INC., a business
                  corporation duly organized under the laws of the State of
                  South Carolina having a principal place of business at 267
                  Columbia Avenue, Chapin, South Carolina 29036 ("Archery")
                  (herein Ellett, Evans, Leisure, Safesport, Vintage and Archery
                  are collectively referred to as "Borrower") and FIRST UNION
                  COMMERCIAL CORPORATION ("Lender") with its principal place of
                  business at Charlotte, North Carolina.

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                  (b)      Section 17 is amended by adding the following
         location to the list of locations contained therein:

                           15610 South Telegraph Road
                           Monroe, Michigan 48161

         2.       Ellett, Leisure, Evans, Safesport, Vintage and Archery agree
that (a) Archery is included within the term "Borrower" for all purposes in the
Financing Agreement, (b) are jointly and severally obligated to repay the
Obligations (as defined in the Financing Agreement), (c) the Obligations (as
defined in the Financing Agreement) include all obligations, liabilities and
indebtedness of each of Ellett, Leisure, Evans, Safesport, Vintage and Archery
to the Lender and (d) Ellett, Leisure, Evans, Safesport, Vintage and Archery
have each granted the Lender a security interest in all of their respective
Receivables (as defined in the Financing Agreement), Inventory (as defined in
the Financing Agreement) and Collateral (as defined in the Financing Agreement)
to secure the Obligations.

         3.       This Ninth Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an
original, and it shall not be necessary in making proof of this Ninth Amendment
to produce or account for more than one counterpart.

         4.       Ellett, Leisure, Evans, Safesport, Vintage and Archery will
each execute such additional documents as are reasonably requested by the Lender
to reflect the terms and conditions of this Ninth Amendment and will cause to be
delivered such certificates, legal opinions and other documents as are
reasonably required by the Lender. In addition, Ellett, Leisure, Evans,
Safesport, Vintage and Archery will pay all costs and expenses in connection
with the preparation, execution and delivery of the documents executed in
connection with this transaction, including, without limitation, the reasonable
fees and out-of-pocket expenses of special counsel to the Lender as well as any
and all filing and recording fees and stamp and other taxes with respect thereto
and to save the Lender harmless from any and all such costs, expenses and
liabilities.

         5.       THIS NINTH AMENDMENT AND THE OTHER DOCUMENTS AND AGREEMENTS
EXECUTED IN CONNECTION HEREWITH (UNLESS SPECIFICALLY STIPULATED TO THE CONTRARY
IN SUCH DOCUMENT OR AGREEMENT), AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER AND THEREUNDER, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NORTH CAROLINA WITHOUT REGARD TO
CONFLICTS OF LAWS PRINCIPLES.

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    IN WITNESS WHEREOF, the parties hereto have caused this Ninth Amendment to
be executed by their duly authorized corporate officers as of the day and year
first above written.

                                           ELLETT BROTHERS, INC.

                                           By:   /s/George S. Loney         CFO
                                               --------------------------------
                                                  (Title)

                                           EVANS SPORTS, INC., a South
                                           Carolina corporation

                                           By:   /s/George S. Loney         CFO
                                               --------------------------------
                                                  (Title)

                                           LEISURE SPORTS MARKETING, INC., a
                                           South Carolina corporation

                                           By:   /s/George S. Loney         CFO
                                               --------------------------------
                                                  (Title)

                                           SAFESPORT MANUFACTURING COMPANY, a
                                           South Carolina corporation

                                           By:   /s/George S. Loney         CFO
                                               --------------------------------
                                                  (Title)

                                           VINTAGE EDITIONS, INC., a
                                           South Carolina corporation

                                           By:   /s/George S. Loney         CFO
                                               --------------------------------
                                                  (Title)

                                           ARCHERY CENTER INTERNATIONAL, INC., a
                                           South Carolina corporation

                                           By:   /s/ George S. Loney        CFO
                                               ---------------------------------
                                                  (Title)

                                           FIRST UNION COMMERCIAL CORPORATION

                                           By:   /s/Bruce K. Rhodes,    VP
                                               -----------------------------
                                                      (Title)

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