Document:

THIRD AMENDMENT TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

         This THIRD  AMENDMENT TO AMENDED AND  RESTATED  CREDIT  AGREEMENT  (the
"Third  Amendment")  is dated as of May 31,  2000,  and is  between S & K FAMOUS
BRANDS,   INC.   (the   "Company")   and   FIRST   UNION   NATIONAL   BANK,   as
successor in interest to Signet Bank/Virginia (the "Bank").

                                    Recitals
                                    --------

         A. The Company and the Bank entered into an Amended and Restated Credit
Agreement  dated as of May 31, 1997,  which was amended by (i) a First Amendment
to Amended and Restated  Credit  Agreement dated April 2, 1999 and (ii) a Second
Amendment  to  Amended  and  Restated  Credit  Agreement  dated  July  30,  1999
(collectively, the "Loan Agreement").

         B. The Company  has  requested  that the Bank  further  modify  certain
provisions  in the Loan  Agreement,  and subject to the terms and  conditions of
this Third Amendment, the Bank is willing to modify the Loan Agreement.

                                    Agreement
                                    ---------

         NOW, THEREFORE,  for and in consideration of the terms,  conditions and
agreements herein, the Bank and the Company hereby agree as follows:

         1. Definitions.  Except as provided  specifically  herein,  all defined
terms used  herein  shall have the  meanings  ascribed to such terms in the Loan
Agreement.

         2. Amendment. The Loan Agreement is hereby amended as follows:

            (a) The  definition of  "Termination  Date" in Section 1.1 is hereby
            amended and restated to read as follows:

            "Termination  Date"  means May 31,  2003,  unless such date has been
            extended pursuant to Section 2.13.

            (b) The definition of  "Commitment" in Section 1.1 is hereby amended
            and restated to read as follows:

            "Commitment"  means  $20,000,000.00,  as such  amount may be reduced
            from time to time pursuant to Sections 2.12.

            (c)  Section  8.1 shall be  amended  by adding  the  following:  The
            Company is in default or an event of default  has been  declared  in
            connection  with the Company's  obligations to Suntrust Bank,  f/k/a
            Crestar Bank, its  successor(s)  in interest  and/or any replacement
            lender(s)/financial institution(s) for the same.

            (d)  Article VI shall be amended  by adding the  following:  Section
            6.12  Additional  Banks/Loan  Agreements.  The  Company  maintains a
            $20,000,000  revolving  credit  facility with Suntrust  Bank,  f/k/a
            Crestar Bank. The terms and conditions of that loan agreement do not
            conflict  with those in the Loan  Agreement,  and all loan  proceeds
            from any loans with Suntrust  Bank,  f/k/a  Crestar Bank  (excluding
            loans under the Bond Purchase  Agreement  dated December 1, 1983, as
            amended),  are  used  for  working  capital  and  general  corporate
            purposes.  During  the terms of this  Loan  Agreement,  the  Company
            agrees that it shall not enter into any other loan agreements, which
            would cause its Indebtedness to exceed $40,000,000  (excluding loans
            under  the Bond  Purchase  Agreement  dated  December  1,  1983,  as
            amended).

            (e) Section 7.5 is hereby  amended and  restated to read as follows:
            Ratio of  Consolidated  Unsubordinated  Liabilities to  Consolidated
            Effective  Tangible Net Worth.  The Company will maintain (a) at the
            end of each fiscal  quarter a ratio of  Consolidated  Unsubordinated
            Liabilities  to  Consolidated  Effective  Tangible  Net Worth of not
            greater  than  1.25 to 1 and (b) at the  end of each  fiscal  year a
            ratio of  Consolidated  Unsubordinated  Liabilities to  Consolidated
            Effective Tangible Net Worth of not greater than .85 to 1.

            (f) Section 8.1(e) is hereby deleted in its entirety.

         3.  Limited  Amendment.  Except as  provided  expressly  in this  Third
Amendment,  each  term,  condition  or  agreement  in the Loan  Agreement  shall
continue to be fully enforceable in accordance with its terms.

         WITNESS the following authorized signatures of the parties hereto:

                                         Company:
                                         --------

                                         S & K FAMOUS BRANDS, INC.

                                         By: /s/ Robert E. Knowles
                                              Robert E. Knowles
                                              Executive Vice President and
                                              Chief Financial Officer

                                         Bank:
                                         -----

                                         FIRST UNION NATIONAL BANK
                                         (formerly, Signet Bank/Virginia)

                                         By:/s/ D. J. Mathews
                                              Donald J. Mathews
                                              VicePresident

<PAGE>
                   SECOND AMENDED AND RESTATED REVOLVING NOTE

$20,000,000.00                                                Richmond, Virginia
                                                                    May 31, 2000

         FOR VALUE  RECEIVED,  S&K FAMOUS BRANDS,  INC., a Virginia  corporation
(the  "Borrower"),  hereby  promises to pay to the order of FIRST UNION NATIONAL
BANK (the "Bank") at its main office, in Richmond,  Virginia, in lawful money of
the United  States,  the  principal  sum of Twenty  Million  and No/100  Dollars
($20,000,000.00) or the aggregate unpaid principal amount of all Revolving Loans
made by the Bank to the Borrower  pursuant to the Credit  Agreement  hereinafter
referred to, which ever is less (the "Principal"). The Borrower further promises
to pay  interest  on the first  day of each  month  from the date  hereof on the
amount  of the  Principal  from  time  to time  outstanding  during  the  period
beginning on the date hereof and continuing  until this Note is paid in full, at
the  rate or  rates  provided  for in the  Credit  Agreement.  Interest  payable
hereunder  shall be  calculated  on the basis of a 365day year and paid for the
actual number of days for which due.

         This Note is the Revolving Note issued  pursuant to the provisions of a
certain  Amended and Restated  Credit  Agreement  dated as of May 31,  1997,  as
amended  pursuant to a First Amendment to Amended and Restated Credit  Agreement
dated  April 2, 1999 and a Second  Amendment  to  Amended  and  Restated  Credit
Agreement  dated July 30, 1999 and a Third  Amendment  to Amended  and  Restated
Credit  Agreement  dated May 31,  2000,  as amended  further  from time to time,
between the Borrower and the Bank (herein,  as the same may from time to time be
amended,  referred to as the "Credit Agreement"),  and is issued in substitution
of (i) a certain  Revolving  Note dated July 15, 1996,  made by the Borrower and
payable  to the  order  of the  Bank and (ii) a  certain  Amended  and  Restated
Revolving Note dated May 31, 1997, made by the Borrower and payable to the order
of the Bank.

         This Note is subject to  prepayment,  in whole or in part, as specified
in the Credit Agreement. In case of Default, as defined in the Credit Agreement,
shall occur and be continuing, in the manner and with the effect provided in the
Credit  Agreement,  and the Borrower hereby agrees to pay all costs and expenses
in connection  therewith,  including reasonable  attorney's fees, as provided in
the Credit Agreement.

         The Borrower and all  guarantors,  endorsers and pledgors hereof hereby
waive presentment, demand, notice of dishonor, protest and all other demands and
notices in connection  with the delivery,  acceptance  and  performance  of this
Note.

         The Bank is  hereby  authorized  to  maintain  records  of the date and
amount of each  Revolving  Loan, the date and amount of any payment of principal
or interest and the principal balance then remaining unpaid hereon. The Borrower
hereby agrees that the amount so evidenced shall,  for all purposes,  constitute
prima facie evidence thereof.

         This Note shall be governed by and  interpreted in accordance  with the
laws of the Commonwealth of Virginia.

         IN WITNESS  WHEREOF,  the Borrower has caused its corporate  name to be
signed by its duly  authorized  officer  under seal as of the day and year first
above written.

                                    S&K FAMOUS BRANDS, INC.

                                    By:      /s/ Robert E. Knowles     [SEAL]
                                    Title:   Executive Vice President
                                             Chief Financial OfficerAMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT

     This Amendment No. 1 to Employment Agreement (this "Amendment") is
dated to be efffective as of Februuaarry 25, 2000 (the "Effective Date"), by
and between Sport Supply Group, Inc., a Delaware corporation
("Employer") and John P. Walker  ("Employee").

     WHEREAS, Employer and Employee entered into an Employment Agreement
(the "Agreement") dated January 14, 1998, which is scheduled to expire
on January 13, 2001.

     WHEREAS, pursuant to a resolution of the Board of Directors (the
"Board"), the Board deemed it to be in the best interest of Employer to
extend the termination date of the Agreement to December 31, 2002.

     NOW, THEREFORE, the parties hereto agree as follows:

1. Section 1 of the Agreement is deleted in its entirety and is replaced
with the following:

"Term.  Subject to the terms and conditions set forth in this Agreement,
Employer hereby employs Employee, and Employee hereby accepts such
employment from Employer, for a period commencing on January 14, 1998
(the "Effective Date") and expiring on December 31, 2002, except as
otherwise provided herein."

2. Section 8(b) of the Agreement is deleted in its entirety and is
replaced with the following:
	  "(b)  If Employer terminates Employee other than for Cause or
in the event of a Constructive Discharge of Employee (as hereinafter
defined) during the term hereof, Employer shall (i) pay Employee his
Salary (A) through the stated term of this Agreement, if such
termination or Constructive Discharge occurs prior to June 30, 2001, or
(B) through a period of 18 months from the date of such termination or
Constructive Discharge, if such termination or Constructive Discharge
occurs on or after June 30, 2001  (in either event Employee shall also
receive all accrued but unused personal, vacation, and sick days and
less all amounts required to be withheld or deducted therefrom and all
amounts owed or due by Employee to Employer), and (ii) continue to
provide Employee, during the period through which his  Salary will be
paid, health insurance with coverage no less than the coverage available
during such period to Employer's senior executive officers, and Employer
<PAGE>
shall have no other obligation hereunder.  Notwithstanding anything to
the contrary contained herein, if Employee is paid in full pursuant to

the terms of that certain Severance Agreement by and between Employer
and Employee, then Employee will not be entitled to receive any
severance payment under this Section 8(b).  Section 8(b)(i)(B) of this
Agreement shall survive even if this Agreement expires by its own terms
unless Employer and Employee agree in writing to mutually terminate this
Agreement or amend this provision or if Employer and Employee enter into
a new Employment Agreement."

3. Except as amended herein, the Employment Agreement shall remain in
full force and effect.

     IN WITNESS WHEREOF, the parties to this Amendment have executed and
delivered this Amendment on the date first above written.

				   EMPLOYER:

				   SPORT SUPPLY GROUP, INC.

				   By:  /s/ Geoffrey P. Jurick
				       Chairman ofthe Board
				       and Chief Executive Officer

				   EMPLOYEE:

				   /s/ John P. Walker
				   John P. Walker

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