Document:

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                                                                    Exhibit 10.2

           ELEVENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

         ESCALADE, INCORPORATED, an Indiana corporation (the "Company"), and
BANK ONE, INDIANA, National Association, a national banking association (the
"Bank") being parties to that certain Amended and Restated Credit Agreement
dated as of May 31, 1996, as amended from time to time through the date hereof
(collectively, the "Agreement"), hereby agree to amend the Agreement by this
Eleventh Amendment to Amended and Restated Credit Agreement (the "Eleventh
Amendment")is made and entered into on June 4, 2001 ("Agreement Date"), to be
effective as of May 31, 2001("Effective Date"), on the terms and subject to the
conditions set forth as follows:

         1. Terms used in this Eleventh Amendment with their initial letter
capitalized which are not defined herein shall have the meaning ascribed to them
in the Agreement.

         2. The following definition set forth in Section 1 of the Agreement is
hereby amended and restated in its entirety to read as FOLLOWS:

            "APPLICABLE RATE" means that number of percentage points to be taken
            into account in determining the Applicable Spread which is used in
            computing the rate at which interest accrues on the Revolving Loan
            and the Applicable Unused Fee Rate which is used in calculating the
            Unused Fee. Initially, from the date of the Eleventh Amendment and
            until receipt by the Bank of the Company's first fiscal quarter end
            financial statements furnished after such date to the Bank pursuant
            to the requirements of Section 5.b.(ii), the Applicable Rate shall
            be determined using Tier 2 as determined by the financial statements
            dated March 24, 2001 in accordance with the following table:

<TABLE>
<CAPTION>
            -------------------------------------------------------------------------------------------------------------
             TIER            LEVERAGE RATIO              PRIME-BASED RATE         LIBOR - BASED RATE        UNUSED FEE
            -------------------------------------------------------------------------------------------------------------
<S>                  <C>                                     <C>                         <C>                   <C>
               5     Equal to 2.50 and greater                  0                        2.00                  .375
            -------------------------------------------------------------------------------------------------------------
               4     Equal to 2.00 through 2.49               -.375                      1.75                  .25
            -------------------------------------------------------------------------------------------------------------
               3     Equal to 1.50 through 1.99                -.75                      1.50                  .25
            -------------------------------------------------------------------------------------------------------------
               2     Equal to 1.00 through  1.49              -1.125                     1.25                  .25
            -------------------------------------------------------------------------------------------------------------
               1     Less than 1.00                            -1.5                      1.00                  .25
            -------------------------------------------------------------------------------------------------------------
</TABLE>

            Thereafter, the Applicable Rate shall be determined on the basis of
            the financial statements of the Company for each fiscal quarter end
            furnished to the Bank pursuant to the requirements of Section 5.b
            (ii), and shall be effective as of the first day of the month
            following the receipt of the financial statements. It is noted that
            the above table provides an Applicable Rate for a Leverage Ratio
            greater than that which will be permissible under the terms of
            Section 5.g (ii). For the avoidance of doubt, it is agreed that it
            is the intent of the parties that the Bank shall be free to exercise
            all remedies otherwise provided for in this Agreement in the event
            of the violation by the Company of the covenant stated in Section
            5.g (ii), notwithstanding the accrual of interest upon the Loan at a
            rate determined in accordance with this definition.

         3. The Borrower represents and warrants that (a) the representations
and warranties contained in the Credit Agreement are true and correct in all
material respects as of the date of this Amendment, (b) no condition, act or
event which could constitute an Event of Default under the Credit Agreement
exists, and (c) no condition, event, act or omission has occurred, which, with
the giving of notice or passage of time, would constitute an Event of Default
under the Credit Agreement.

         4. The Borrower agrees to pay all fees and out-of-pocket disbursements
incurred by the Bank in connection with this Amendment, including legal fees
incurred by the Bank in the preparation, consummation,

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administration and enforcement of this Amendment.

         5. This Amendment shall become effective only after it is fully
executed by the Borrower and the Bank and the Bank shall have received from the
Borrower the following documents:

            Eleventh Amendment to Amended and Restated Credit Agreement

Except as amended by this Amendment, the Credit Agreement shall remain in full
force and effect in accordance with its terms.

         6. This Amendment is a modification only and not a novation. Except for
the above-quoted modification(s), the Credit Agreement, any agreement or
security document, and all the terms and conditions thereof, shall be and remain
in full force and effect with the changes herein deemed to be incorporated
therein. This Amendment is to be considered attached to the Credit Agreement and
made a part thereof. This Amendment shall not release or affect the liability of
any guarantor, surety or endorser of the Credit Agreement or release any owner
of collateral securing the Credit Agreement. The validity, priority and
enforceability of the Credit Agreement shall not be impaired hereby. To the
extent that any provision of this Amendment conflicts with any term or condition
set forth in the Credit Agreement, or any agreement or security document
executed in conjunction therewith, the provisions of this Amendment shall
supersede and control. Borrower acknowledges that as of the date of this
Amendment it has no offsets with respect to all amounts owed by Borrower to Bank
and Borrower waives and releases all claims which it may have against Bank
arising under the Credit Agreement on or prior to the date of this Amendment.

         7. The Borrower acknowledges and agrees that this Amendment is limited
to the terms outlined above, and shall not be construed as an amendment of any
other terms or provisions of the Credit Agreement; The Borrower hereby
specifically ratifies and affirms the terms and provisions of the Credit
Agreement. Borrower releases Bank from any and all claims which may have arisen,
known or unknown, in connection with the Credit Agreement on or prior to the
date hereof. This Amendment shall not establish a course of dealing or be
construed as evidence of any willingness on the Bank's part to grant other or
future amendments, should any be requested.

         IN WITNESS WHEREOF, the parties have entered into this Amendment as of
the day and year first above written.

BANK ONE, INDIANA, NA                                ESCALADE, INCORPORATED

By: /s/ Steven J. Krakoski                        By: /s/ John R. Wilson
    ----------------------------------------         --------------------------
    Steven J. Krakoski, First Vice President         John R. Wilson, Secretary

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          ACKNOWLEDGMENT AND AGREEMENT BY GUARANTOR(S) AND/OR OWNER(S)
                   OF COLLATERAL SECURING THE PROMISSORY NOTE.

The undersigned, each a duly appointed officer of the Guarantors identified
below, hereby i) consent to the modification of the Credit Agreement and all
other matters in the foregoing Amendment and, if a guarantor (ii) reaffirm the
Unconditional Limited Guarantors and any other agreements, documents and
instruments securing or otherwise relating thereto ("Guarantor Documents"),
(iii) acknowledge that the Guarantor Documents continue in full force and
effect, remain unchanged, except as specifically modified hereby, and are valid,
binding and enforceable in accordance with their respective terms, (iv) agree
that all references, if any, in the Guarantor Documents to the Credit Agreement
are modified to refer to that document as modified by the Amendment, and (v)
agree to be bound by the release of Bank set forth in the Amendment.

Date:  June 4, 2001               MARTIN YALE INDUSTRIES, INC.
      -------------

                                  By: /s/ John R. Wilson
                                      ----------------------------------
                                      John R. Wilson, Secretary

                                  INDIAN INDUSTRIES, INC.

                                  By: /s/ John R. Wilson
                                      ----------------------------------
                                      John R. Wilson, Secretary

                                  HARVARD SPORTS, INC.

                                  By: /s/ John R. Wilson
                                      ----------------------------------
                                      John R. Wilson, Secretary

                                  MASTER PRODUCTS MANUFACTURING, INC.

                                  By: /s/ John R. Wilson
                                      ----------------------------------
                                      John R. Wilson, SecretaryEXHIBIT 10.24

                         CERTIFIED CORPORATE RESOLUTIONS

         James  Woodley  does  hereby  certify  and  affirm  that he is the duly
elected and acting  Secretary  of Waste  Conversion  Systems,  Inc. and that the
resolutions  set forth below are true and accurate  resolutions  duly adopted by
the Board of Directors  of Waste  Conversion  Systems,  Inc. at a meeting of the
Board of Directors  duly called and convened on November 24, 1993, and that said
resolutions are in full force and effect as stated below as of the date hereof.

         AND BE IT FURTHER RESOLVED,  that in further consideration of the above
         authorized loans to the Company, 100,000 shares of the Company's common
         stock is hereby  authorized for issuance to Mr. Yitz Grossman,  who has
         agreed to acquire the shares for investment purposes only and without a
         view to  making  a  redistribution  thereof;  and  said  shares  may be
         transferred,  sold,  assigned or hypothecated only if registered by the
         Company  under the  Securities  Act of 1933 or the Company has received
         from  counsel  to the  Company a written  opinion  to the  effect  that
         registration  of the shares is not  necessary in  connection  with such
         transfer,  sale,  assignment or  hypothecation.  The shares,  as herein
         authorized,  shall bear the following restrictive legend to reflect the
         foregoing restrictions and stop transfer instructions shall apply:

                  "The  shares  represented  by this  Certificate  have not been
                  registered  under the  Securities Act of 1933, as amended (the
                  'Act'),  and are  'restricted  securities,'  as  that  term is
                  defined  in Rule 144  under  the Act.  The  shares  may not be
                  offered  for  sale,  sold,  or  otherwise  transferred  except
                  pursuant to an effective registration Statement under the Act,
                  or pursuant to an exemption from  registration  under the Act,
                  the  availability  of  which  is  to  be  established  to  the
                  satisfaction of the Company."

         AND BE IT FURTHER  RESOLVED,  that the 100,000  shares of the Company's
         common  stock  as  hereinabove  authorized  for  issuance  to Mr.  Yitz
         Grossman,  shall be included for purposes of their public resale in the
         Company's Registration Statement, SEC File No. 33-62990, subject to the
         express  condition that the  underwriter of the Public Units covered by
         the said Registration Statement does not object to the inclusion of the
         100,000  shares in the  registration  Statement.  In the event that the
         underwriter  does object to the  inclusion  of Mr.  Grossman's  100,000
         shares in the  Registration  Statement,  the Company shall include said
         shares in any future registration  statement which the Company may file
         with  respect to a public  offering of its  securities  pursuant to the
         Securities  Act  of  1933,  as  amended;   exclusive,   however,  of  a
         Registration  Statement on Form S-4 or S-8 or successor  form  thereto;
         and be it

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         FURTHER RESOLVED, that American Securities Transfer, Inc., the transfer
         agent of the  Company's  common  stock,  shall be notified by the roper
         officers of the Company's legal counsel,  to issue the above authorized
         100,000  shares in the name of Yitz  Grossman,  whose  address  is: c/o
         Water-Gel  Technologies,  243  Veterans  Blvd.,  Carlstadt,  New Jersey
         07072; and be it

         FURTHER  RESOLVED,   that  the  officers  of  the  Company  are  hereby
         authorized  and empowered to undertake such actions and to execute such
         documents as may be necessary or desirable to facilitate implementation
         of the resolutions adopted herein; and be it

         FURTHER  RESOLVED,  that  the  resolutions  adopted  by  the  Board  of
         Directors at this meeting may be certified by any proper officer of the
         Company  as having  been duly  adopted  by the  Board of  Directors  on
         November 24, 1993 at a meeting of the Board of Directors of the Company
         duly called and convened.

Date: November 25, 1993
      -----------------

                                                    /s/ James Woodley, Secretary
                                                  ------------------------------
                                                  James Woodley, Secretary
                                                  Waste Conversion Systems, Inc.

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