Document:

<PAGE>

                                                                    EXHIBIT 10.3

AGREEMENT DATED MARCH 14, 2001

AMONG:                  WS ACQUISITION LLC, a limited liability company duly
                        constituted under the laws of New York;

                        (hereinafter referred to as "WS Acquisition")

AND:                    THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED
                        STATES;

                        (hereinafter referred to as "Equitable Life")

AND:                    THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY;

                        (hereinafter referred to as "Northwestern Mutual")

AND:                    PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY;

                        (hereinafter referred to as "Phoenix Home Life")

AND:                    BUSINESS MEN'S ASSURANCE COMPANY;

                        (hereinafter referred to as "Business Men's Assurance")

AND:                    INDIANAPOLIS LIFE INSURANCE COMPANY;

                        (hereinafter referred to as "Indianapolis Life
                        Insurance")

AND:                    GE CAPITAL ASSURANCE COMPANY;

                        (hereinafter referred to as "GE Capital")

                        (WS Acquisition, Equitable Life, Northwestern Mutual,
                        Phoenix Home

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                                                                          Page 2

                        Life, Business Men's Assurance, Indianapolis Life
                        Insurance and GE Capital collectively referred to as
                        "Shareholders")

AND:                    CAISSE DE DEPOT ET PLACEMENT DU QUEBEC, a legal person
                        duly constituted under the laws of Quebec;

                        (hereinafter referred to as "Caisse")

AND:                    THE HOCKEY COMPANY (formerly SLM International, Inc.), a
                        corporation incorporated under the laws of Delaware;

                        (hereinafter referred to as the "Company")

         WHEREAS pursuant to a Restated and Amended Credit Agreement dated
March 14, 2001, executed among others by the Company and the Caisse, the
Caisse has extended credit to the Company on terms and conditions set forth
therein (as amended and modified from time to time in accordance with its
terms (the "Credit Agreement");

         WHEREAS each of WS Acquisition, Equitable Life, Northwestern Mutual,
Phoenix Home Life, Business Men's Assurance, Indianapolis Life Insurance and
GE Capital are, collectively, the record and beneficial owners of 5,832,092
Common Shares (the whole as set forth in Schedule A attached hereto) and are
parties to a stockholders agreement among certain stockholders of the Company
dated as of April 11, 1997;

         THEREFORE, THE PARTIES MUTUALLY AGREE AS FOLLOWS:

1.       RECITALS AND SCHEDULES

         The recitals and the following schedules form an integral part of this
         Agreement:

         Schedule A - Table of ownership of Common Shares
         Schedule B - Definitions
         Schedule C - Formula for conversion

2.       DEFINITIONS

         2.1.     As used in this Agreement, the capitalized terms shall have
                  the meanings set forth in Schedule B and:

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                                                                         Page 3

                  "AGREEMENT" means this agreement dated the date hereof, as
                  well as any rider, amendment, modification or intervention
                  which might be added thereto in writing; the Agreement is also
                  sometimes designated by the expressions "hereof", "herein" and
                  "hereunder";

                  "SHARES" means any Common Shares and any other equity or
                  voting share of the capital stock of the Company, as the case
                  may be.

3.       GENERAL UNDERTAKING AND SCOPE OF AGREEMENT

         3.1.     Each of the Shareholders undertakes to exercise the voting
                  rights attaching to the Shares it holds as well as any other
                  voting or consent right it may exercise, to cause its
                  designees to the Board of Directors to act or refrain from
                  acting, and to do and cause to be done anything and take and
                  cause to be taken any action, that may be useful or necessary
                  to ensure that all of the obligations of the Shareholders
                  and/or the Company stipulated herein or arising herefrom are
                  fully satisfied in a timely manner.

         3.2.     The parties hereto agree, reciprocally and irrevocably, to do
                  all things necessary and conduct themselves in all respects in
                  such manner so as to give full effect to the provisions of
                  this Agreement.

         3.3.     Any breach of any of the provisions of this Agreement, without
                  prejudice to any other recourse or remedy provided by this
                  Agreement, by law, at equity or otherwise, shall give rise to
                  a recourse for injunctive relief or to any other recourse
                  intended to stop the breach, which the parties recognize to be
                  an appropriate recourse and to which they expressly and
                  irrevocably consent.

         3.4.     Each of the parties hereto undertakes to act in such a manner
                  as not to infringe any law or regulation applicable to such
                  party in the exercise of its rights and the performance of its
                  obligations, and to exercise its rights and perform its
                  obligations in full compliance with the rights and obligations
                  provided for by any law or regulation applicable to such party
                  and, if such infringement would be the result, to refrain from
                  acting.

         3.5.     The principles set out in this Section 3 shall apply to all
                  other provisions of this Agreement which shall be read and
                  interpreted in accordance with this Section 3.

4.       SALE TO PAY FACILITY 2

          4.1.    In the event that Facility 2 is not repaid in full on the
                  Facility 2 Maturity Date, the Caisse may:

                  (i) require the Company to convert the outstanding amount
                  (consisting of the principal capital and Capitalized Interest)
                  owing under Facility 2 into, and issue and deliver to the
                  Caisse, Common Shares of the Company (the

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                                                                        Page 4

               "Resultant Shares"). The number of Resultant Shares shall be
               determined on the basis of five times the EBITDA of the Company
               for the previous fiscal year in accordance with the formula
               attached in Schedule C hereto; provided that the number of Common
               Shares issued pursuant to such conversion right shall be limited
               such that, after exercising the conversion right and/or after the
               exercise of the Warrants held by the Caisse which are
               exchangeable for Common Shares, the Caisse shall not own more
               than 50.1% of the issued and outstanding voting shares of the
               capital stock of the Company (hereinafter, the "Equity
               Conversion"); and/or

               (ii) subject to the terms and conditions of the Intercreditor
               Agreement, require that the Company proceed with the sale of all
               or a portion of the assets of the Company and apply the proceeds
               of any such sale in reduction of the indebtedness owing to the
               Caisse in a manner consistent with the terms of the Intercreditor
               Agreement (hereinafter the "Sale").

          4.2. In the event that the Caisse wishes to exercise its rights under
               section 4.1(i) and/or (ii), it shall send a notice to that effect
               (the "Exercise Notice") to the Company and all of the
               Shareholders. With respect to the Sale, the Caisse shall have the
               right to designate the financial advisor or investment bankers to
               be retained by the Company for such purposes, which financial
               advisor or investment bankers shall be an independent, top tier
               Canadian or nationally recognized U.S. investment banking firm
               and the Caisse reserves its right to participate in all stages of
               the Sale it being acknowledged that such participation right does
               not grant a right of first refusal in favour of the Caisse.

          4.3. The Shareholders hereby authorize and consent to this Agreement
               and each of the transactions contemplated hereby and covenant
               that they will fully cooperate with the Caisse in the process of
               the Equity Conversion and/or the Sale, including, without
               limiting the generality of the foregoing, causing their
               representative(s) on the Board of Directors to act or refrain
               from acting and voting or giving consent with respect to their
               Shares in order to support a consolidation, merger or
               amalgamation of the Company or a sale of all or substantially all
               or any portion of its assets and to take all other actions
               requested by the Caisse to facilitate the Equity Conversion
               and/or the Sale.

          4.4. The Shareholders covenant that they shall not assign, transfer,
               sell or otherwise dispose of any of their Shares unless the
               Person that so receives or purchases said Shares is also bound by
               the terms and conditions of this Agreement as a Shareholder in a
               duly authorized and executed writing delivered (and reasonably
               satisfactory) to the Caisse and the Company.

          4.5. The Company represents and warrants to, and agrees with, the
               Caisse that all Resultant Shares have been duly authorized and
               reserved for issuance,

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                                                                         Page 5

               and when issued, will be validly issued, fully paid and non
               assessable, free of all liens, encumbrances, claims, taxes,
               charges or preemptive rights.

5.        DRAG ALONG RIGHTS

          5.1. Subject to Section 5.3, in the event that the Caisse (for the
               purposes of this Section 5, the "Vendor") receives an offer to
               purchase (the "Offer") all of the issued and outstanding Common
               Shares of the Company which it is willing to accept, the
               Shareholders undertake to sell (the "Drag-Along Right") all of
               their Shares on the same price, terms and conditions.

          5.2. The Drag-Along Right shall be exercised by the Vendor giving
               notice to the Shareholders within 30 days following receipt of
               the Offer and by undertaking to complete the transaction within
               30 days following the expiry of the said 30-day period.

          5.3. This section shall only be applicable (i) in the event that the
               Caisse holds 50.1% of the outstanding Common Shares of the
               Company and (ii) in the event that the Offer is received as part
               of a sale auction conducted by a top tier Canadian or nationally
               recognized U.S. investment banking firm.

6.        NOTICE

          6.1. Any demand, notice or other communication (hereinafter referred
               to as a "Communication") to be given to a party in connection
               with this Agreement shall be given in writing and shall be given
               by personal delivery, by registered mail or by transmittal by
               facsimile addressed to the recipient at the address indicated
               opposite its name on the signature pages hereto, or at such other
               address as may be notified by such party to the others pursuant
               to this Section 6.1.

          6.2. Any Communication given by personal delivery shall be
               conclusively deemed to have been given on the day of actual
               delivery thereof and, if given by registered mail, on the fifth
               Business Day following the mailing thereof and, if given by
               facsimile on the day of transmittal thereof if given during
               normal business hours of the recipient or on the next Business
               Day if given after normal business hours on any day. If the party
               giving any Communication knows or ought to know of any
               difficulties with the postal system or facsimile transmission
               system which might affect the delivery of mail or facsimile
               transmission, any such Communication shall be given by personal
               delivery or by other methods of communication not affect by the
               said difficulties.

7.       GOVERNING LAW; JURISDICTION; SERVICE OF PROCESS.

          7.1. This Agreement shall be governed and construed in accordance with
               the internal laws of the State of New York (including NYGOL
               Sections 5-1401 and 5-1402).

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                                                                         Page 6

          7.2. (A) The Shareholders and the Company each hereby irrevocably and
               unconditionally submits, for itself and its property, to the
               nonexclusive jurisdiction of any Federal or State court located
               in the Borough of Manhattan, the City of New York, in any action
               or proceeding arising out of or relating to this Agreement or any
               other related document to which it is a party, or for recognition
               or enforcement of any judgment, and each of the parties hereto
               hereby irrevocably and unconditionally agrees that all claims in
               respect of any such action or proceeding may be heard and
               determined in such courts. Each of the parties hereto agrees that
               a final judgment in any such action or proceeding shall be
               conclusive and may be enforced in other jurisdictions by suit on
               the judgment or in any other manner provided by law. (B) Nothing
               in this Agreement shall affect any right that the Caisse may
               otherwise have to bring any action or proceeding relating to this
               Agreement against the Shareholders or the Company or their
               respective properties in the courts of any other jurisdiction.

          7.3. Each of the Shareholders and the Company irrevocably consents to
               the service of any and all process in such suit, action or
               proceeding referred to in Section 7.2(A) by mailing of copies of
               such process to it at its address provided opposite its name on
               the signature pages hereto. All mailings under this Section shall
               be by certified mail, return receipt requested. Nothing in this
               Agreement will affect the right of any party to this Agreement to
               serve process in any other manner permitted by law.

          7.4. Each of the Shareholders and the Company hereby irrevocably and
               unconditionally waives, to the fullest extent it may legally and
               effectively do so, any objection which it may now or hereafter
               have to the laying of venue of any suit, action or proceeding
               arising out of or relating to this Agreement in any court
               referred to in Section 7.2(A). Each of the parties hereto hereby
               irrevocably waives, to the fullest extent permitted by law, the
               defense of an inconvenient forum to the maintenance of such
               action or proceeding referred to in Section 7.2(A) in any such
               court.

8.       GENERAL

          8.1. As the context requires, words importing the singular number
               include the plural, words importing the masculine gender include
               the feminine gender and vice versa.

          8.2. This Agreement constitutes the complete and final agreement among
               the parties regarding the matters set forth herein and replaces
               all prior contracts, agreements, commitments and understandings,
               verbal and written.

          8.3. No modification or amendments to this Agreement shall be valid
               and binding unless set forth in writing and duly executed by all
               parties hereto and no waiver of any breach of any term or
               provision of this Agreement

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                                                                          Page 7

               shall be effective or binding unless made in writing and signed
               by the party purporting to give same and, unless otherwise
               provided, shall be limited to the specific breach waived.

          8.4. Any decision of a court to the effect that any of the provisions
               of this Agreement are null or unenforceable shall in no way
               affect the other provisions of this Agreement or their validity
               or enforceability.

          8.5. The insertion of section headings is for ease of reference only
               and shall not affect the interpretation of this Agreement.

          8.6. All executed copies of this Agreement constitute originals of one
               and the same agreement.

          8.7. This Agreement may be executed by the parties hereto in
               counterparts at different times and in different places without
               the parties hereto being in each other's presence.

          8.8. This Agreement will enure to the benefit of and be binding upon
               the respective successors and permitted assigns of the parties
               hereto.

          8.9. Time is of the essence in this Agreement. Each party shall be in
               default by the mere lapse of time for the performance of any of
               its obligations hereunder without the necessity of any notice to
               that effect.

          8.10. The obligations of each Shareholder are independent of the
               obligation of any other Shareholder and is a several (and not
               joint) obligation.

          8.11. This Agreement shall remain in effect until Facility 2 has been
               repaid in full in cash.

<PAGE>

         IN WITNESS WHEREOF, the parties have signed this agreement at ________,
on March 14, 2001.

620 5th Avenue                       WS ACQUISITION LLC
Suite 216
New York, New York
10020-1579, U.S.A.                   By: /s/ Greg S. Feldman
                                        --------------------------------------
                                             Greg S. Feldman
Telecopier No.:   (212) 332-7575
Telephone No.:    (212) 332-7565
                                     THE EQUITABLE LIFE ASSURANCE SOCIETY OF
                                     THE UNITED STATES

                                     By: /s/ James C. Pendergast
                                        --------------------------------------
                                     Name:   James C. Pendergast
                                           -----------------------------------
                                     Title:  Investment Officer
                                            ----------------------------------

                                     NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

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

                                     PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY

                                     By: /s/ John Ruben Flores
                                        --------------------------------------
                                     Name:   John Ruben Flores
                                          ------------------------------------
                                     Title:  Vice President
                                            ----------------------------------

<PAGE>

                                     BUSINESS MEN'S ASSURANCE COMPANY

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

                                     INDIANAPOLIS LIFE INSURANCE COMPANY

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

                                     GE CAPITAL ASSURANCE COMPANY

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

                                     THE HOCKEY COMPANY
139 Harvest Lane
P.O. Box 1200                        By: /s/ Russell David
Williston, Vermont                      --------------------------------------
05495, U.S.A.                           Russell David
                                        Chief Operating Officer
Attention:        President
Telecopier No.:   (802) 872-4226
Telephone No.:    (802) 872-4256

<PAGE>

                                      CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

c/o CDP Capital d'Amerique Inc.
2001 McGill College Avenue            By: /s/ Diane Favreau
Suite 600                                 ------------------------------------
Montreal, Quebec                          Diane Favreau
H3A 1G1

                                      By: /s/ James McMullan
Attention:         Diane Favreau          -------------------------------------
Telecopier No.:   (514) 847-5488          James McMullan
Telephone No.:    (514) 847-2493<PAGE>

                                                                    EXHIBIT 10.4

Agreement entered into on March 14, 2001.

AMONG:                                        WS ACQUISITION LLC, a limited
                                              liability company duly constituted
                                              under the laws of New York, acting
                                              through and represented by Greg S.
                                              Feldman duly authorized for the
                                              purposes hereof as he so declares;

                                              (hereinafter referred to as "WS
                                              Acquisition")

AND:                                          CAISSE DE DEPOT ET PLACEMENT DU
                                              QUEBEC, a legal person duly
                                              constituted under the laws of
                                              Quebec, acting through and
                                              represented by Diane Favreau and
                                              James McMullan duly authorized for
                                              the purposes hereof as they so
                                              declare;

                                              (hereinafter referred to as
                                              "Caisse")

AND:                                          THE HOCKEY COMPANY (formerly SLM
                                              International, Inc.), a
                                              corporation incorporated under the
                                              laws of Delaware, acting through
                                              and represented by Russell David
                                              duly authorized for the purposes
                                              hereof as he so declares;

                                              (hereinafter referred to as the
                                               "Company")

         WHEREAS pursuant to a Restated and Amended Credit Agreement dated
March 14, 2001, executed among others by the Company and the Caisse, the
Caisse has extended credit to the Company on terms and conditions set forth
therein (as amended and modified from time to time in accordance with its
terms (the "Credit Agreement");

         WHEREAS pursuant to the Credit Agreement, as a portion of the
inducement to the Caisse to extend the credit provided for therein and as a
condition thereto, the Company has agreed to issue certain common share
purchase warrants (the "Warrants") permitting the Caisse to purchase common
shares in the capital stock of the Company with a par value of US $0.01 (the
"Common Shares");

         WHEREAS WS Acquisition, is the beneficial owner of 3,297,814 Common
     Shares;

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                                                                        Page 2

         WHEREAS the Caisse wishes to have certain rights in connection with
the ownership of the Warrants, which rights are not conditional upon the
exercise of the Warrants, or the Common Shares issued or issuable upon
exercise of any of the Warrants.

        THEREFORE, THE PARTIES MUTUALLY AGREE AS FOLLOWS:

1.      RECITALS AND SCHEDULES

        The recitals and the following schedules form an integral part of
        this Agreement:

        Schedule A:       Intervention Form

2.      DEFINITIONS

        2.1.   As used in this Agreement, the following terms shall have
               the following meanings:

               "AFFILIATE" of any specified Person means any other Person
               directly or indirectly Controlling or Controlled by or under
               direct or indirect common Control with such specified
               Person;

               "AGREEMENT" means this agreement dated the date hereof, as
               well as any rider, amendment, modification or intervention
               which might be added thereto in writing; the Agreement is
               also sometimes designated by the expressions "hereof",
               "herein" and "hereunder";

               "ALIENATE" (and "ALIENATION") means to mortgage, pledge,
               encumber with a charge, priority, appropriation or call
               option, grant a security interest with respect to or
               otherwise give as security or alienate in any manner
               whatsoever, or any attempt to perform any of those
               operations;

               "BOARD OF DIRECTORS" means the Board of Directors of the
               Company;

               "BUSINESS DAY" means a day other than a Saturday, Sunday or
               statutory holiday in Quebec, Canada and in the event that
               any action to be taken hereunder falls on a day which is not
               a Business Day, then such action shall be taken on the next
               succeeding Business Day;

               "EXECUTIVE COMMITTEE" means the executive committee formed
               by the Board of Directors;

               "CONTROL" as used with respect to any Person, means the
               possession, directly or indirectly, of the power to direct
               or cause the direction of the management or policies of such
               Person, whether through the ownership of voting securities
               or by contract or otherwise;

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                                                                        Page 3

               "DIRECTOR" means a natural person sitting on the Board of
               Directors;

               "DISPOSE" (and "DISPOSAL") means to sell, transfer, exchange,
               give, dispose of or otherwise assign in any manner whatsoever, or
               any attempt to perform any of those operations;

               "GOOD FAITH OFFER" means an offer addressed by a Third Party to
               WS Acquisition for the Disposal of all or part of its Shares when
               the purchase price of the Shares, if any, is payable in cash or
               by bank draft;

               "PARTIES" means, collectively, WS Acquisition, the Caisse and the
               Company;

               "PERSON" means any individual, company, corporation, partnership,
               limited liability company, trust, sole proprietorship, division,
               government or other entity howsoever designated or constituted;

               "SHARE" means any Common Share and any other equity or voting
               share of the capital stock of the Company, as the case may be;

               "THIRD PARTY" means any Person who is neither an Affiliate of WS
               Acquisition or a shareholder of the Company; and

               "WARRANT A" means that warrant representing 539,974 of the issued
               and outstanding Common Shares of the Company as provided for in a
               Warrant Agreement entered into between the Company and the Caisse
               on March 14, 2001.

        2.2.   All capitalised terms used but not defined herein will have the
               meanings given to them in the Credit Agreement.

3.      GENERAL UNDERTAKING AND SCOPE OF THE AGREEMENT

        3.1.   WS Acquisition undertakes to exercise the voting rights attaching
               to the Shares it holds as well as any other voting or consent
               right it may exercise, to cause its designee(s) to the Board of
               Directors to act or refrain from acting, and to do and cause to
               be done anything and take and cause to be taken any action, that
               may be useful or necessary to ensure that all of the obligations
               of WS Acquisition and/or the Company stipulated herein or arising
               herefrom are fully satisfied in a timely manner.

        3.2.   The Parties agree, reciprocally and irrevocably to do all things
               necessary and conduct themselves in all respects in such manner
               so as to give full effect to the provisions of this Agreement.

        3.3.   Any breach of any of the provisions of this Agreement, without
               prejudice to any other recourse or remedy provided by this
               Agreement, by law, at equity or otherwise, shall give rise to a
               recourse for injunctive relief or to

<PAGE>

                                                                        Page 4

               any other recourse intended to stop the breach, which the
               parties recognize to be an appropriate recourse and to which
               they expressly and irrevocably consent.

        3.4.   Each of the Parties undertakes to act in such a manner as not to
               infringe any law or regulation applicable to such Party in the
               exercise of its rights and the performance of its obligations,
               and to exercise its rights and perform its obligations in full
               compliance with the rights and obligations provided for by any
               law or regulation applicable to such Party and, if such
               infringement would be the result, to refrain from acting.

        3.5.   The principles set out in this Section 3 shall apply to all other
               provisions of this Agreement which shall be read and interpreted
               in accordance with this Section 3.

        3.6.   For the application of the rights granted to it herein, the
               Caisse is deemed to hold the Shares that are issuable upon the
               exercise of all of the Warrants (whether or not any of the
               Warrants are then exercisable), except as specifically provided
               otherwise.

4.      PREEMPTIVE RIGHT

        4.1.   Other than Shares to be issued in any public offering or as a
               consideration for the payment of any assets or shares of
               another Person acquired by the Company and Shares issued to
               Caisse or its Affiliates or transferees upon the exercise of
               the Warrants or conversion of its indebtedness, any new Shares
               to be issued by the Company shall first be offered by the
               Company to the Caisse which shall then have the prior right to
               acquire same, upon the terms and conditions set forth in this
               Section.

        4.2.   Any proposed issue of Shares, including the issue price and
               other terms and conditions thereof, shall be disclosed in
               writing by the Company to the Caisse (the "Initial Notice").

        4.3.   The Caisse may then exercise its right to purchase a pro rata
               portion of the Shares to be issued at their issue price and
               upon the terms and conditions of their issuance by means of a
               written notice to the Company (the "Acceptance Notice"),
               within 20 Business Days following receipt of the Initial
               Notice, failing which the Caisse shall be irrevocably deemed
               to have refused to purchase the Shares so to be issued. The
               Acceptance Notice shall set forth the number of shares the
               Caisse wishes to purchase.

        4.4.   In the event of actual or deemed refusal by the Shareholders
               to purchase all or part of the Shares to be issued pursuant to
               the foregoing provisions, the Company may issue such remaining
               Shares to any Person within the period of 90 days following
               the date of their last actual or deemed refusal, at the same
               price and upon substantially the same terms and conditions
               offered to the Caisse, failing which if the Company still
               wishes to issue

<PAGE>

                                                                        Page 5

               such Shares, it shall be required to re-offer them to the
               Caisse in the manner set forth herein.

        4.5.   In calculating Caisse's pro rata portion in section 4.3 herein
               the number of Shares that would be held by the Caisse upon the
               exercise of the warrants that may be exercisable at the date
               of the Initial Notice shall be compared to the total number of
               Shares of common stock outstanding or issuable pursuant to
               options, warrants, rights or securities convertible into or
               exchangeable or exercisable for common stock of the Company on
               the date of the Initial Notice.

5.      TAG ALONG RIGHT

        5.1.   If at any time WS Acquisition wishes to Alienate or Dispose of
               (each, a "Transfer") any of its Shares in one or a series of
               related transactions to any Person or Persons other than any
               Affiliate of WS Acquisition that becomes a party to this
               Agreement as provided herein in Section 9 (such Person or
               Persons, a "Transferee"), the Caisse shall be entitled to
               exercise a tag along right such that the Transferee will purchase
               the Shares of the Caisse that it holds or that it may hold after
               exercising its Warrants (the "Tag Along Right").

        5.2.   Any proposed Alienation or Disposal of Shares by WS Acquisition
               shall be disclosed in writing by WS Acquisition to the Caisse
               (the "Transfer Notice")

        5.3.   If the Caisse wishes to exercise its Tag Along Right, it shall
               notify WS Acquisition by written notice (the "Tag-Along Notice")
               on or before the expiration of 10 Business Days following receipt
               of the Transfer Notice that the Caisse desires to Transfer to the
               proposed Transferee all or a portion of its Shares on the same
               price, terms and conditions set forth in the Transfer Notice. The
               Tag-Along Notice shall specify the number of Shares that the
               Caisse desires to Transfer (the "Tag-Along Amount"). The maximum
               number of Shares that the Caisse shall be entitled to Transfer
               hereunder shall be determined by multiplying the number of Shares
               held by the Caisse at the time of the Transfer Notice by a
               fraction, the numerator of which is the number of Shares proposed
               to be Transferred to the Transferee by WS Acquisition and the
               denominator of which is the number of Shares then owned by WS
               Acquisition. If the Caisse does not provide WS Acquisition with a
               Tag Along Notice within the period specified above, WS
               Acquisition shall be free to consummate the sale of Shares to the
               Transferee in the amount and at not more than the purchase price
               set forth in the Transfer Notice and on substantially the same
               other terms and conditions set forth in the Transfer Notice
               within the 60 day period following the Transfer Notice.

<PAGE>

                                                                        Page 6

        5.4.   Any representation or indemnity provided by the Caisse to the
               Transferee in a purchase agreement relating to such Transfer
               will relate only to the Shares transferred by it.

        5.5.   The Company shall, upon request by the Caisse, issue to the
               Caisse one or more stock certificates registered in the names
               and in the denominations (aggregating in a number equal to the
               original denomination) requested by the Caisse, to facilitate
               any partial sale of Shares pursuant to this Section 5.

        5.6.   To the extent that any prospective Transferee is unwilling or
               otherwise refuses to purchase Shares as provided in this
               Section 5 from the Caisse (other than because the Caisse
               refuses to sell such Shares on the same price and other terms
               and conditions (except as specified in Section 5.3 or 5.4) and
               on the same closing date set forth in the relevant Transfer
               Notice), WS Acquisition shall not Transfer to such prospective
               Transferee any Shares, unless, simultaneously with such
               Transfer, WS Acquisition shall purchase such Shares from the
               Caisse on the same price and other terms and conditions
               specified in the Transfer Notice.

         5.7.  If WS Acquisition Transfers any of its Shares to a Transferee in
               one or a series of related transactions within 185 days of the
               date of this Agreement, (i) WS Acquisition shall immediately
               notify the Company and the Caisse of the details of such
               transaction, and (ii) the Company shall (unless the Caisse
               instructs the Company expressly to the contrary) pay to the
               Caisse a cash fee (the "CASH FEE") equal to the product of (A) a
               fraction, the numerator of which is the number of Shares so
               Transferred by WS Acquisition, and the denominator of which is
               the number of Shares owned by WS Acquisition immediately prior to
               such Transfer, TIMES, (B) the number of Shares owned (or deemed
               owned upon exercise of Warrant A) by Caisse, TIMES, (C) the per
               Share price realized by WS Acquisition in such Transfer. The Cash
               Fee shall be paid by the Company to Caisse within 5 Business Days
               of the date of the closing of the Transfer by WS Acquisition.
               Upon receipt of the Cash Fee, Caisse shall deliver to the Company
               a portion (equal to the fraction in clause (A) of this Section
               5.7) of Warrant A for cancellation by the Company and Caisse
               shall not be entitled to receive any other consideration than the
               Cash Fee in connection with such transaction. It is agreed
               between the parties that if by May 14, 2001 a fully financed firm
               offer is received by the Company which would be sufficient to
               repay Facility 2 and if Facility 2 is so repaid in full as a
               result of the above-mentioned offer no later than June 13, 2001,
               the Caisse shall promptly return to the Company one third [ie.
               2.5%/7.5%] of the Cash Fee previously received by the Caisse from
               the Company. The Company represents and warrants to the Caisse
               that the Board of Directors has specifically approved the
               transactions contemplated by this Section 5.7 and such
               transactions are, therefore, intended to be exempt from Section
               16(b) of the Securities Exchange Act of 1934 pursuant to Rule
               16b-3(e).

<PAGE>

                                                                        Page 7

6.      BOARD OF DIRECTORS

        6.1.   Upon the exercise by the Caisse of any of its Warrants or the
               conversion of the outstanding amount of Facility 2 into Shares of
               the Company, the Caisse shall be entitled to have a pro rata
               number of designees on the Board of Directors based on the number
               of Shares held by the Caisse on a fully diluted basis, with a
               minimum of one Director at all times.

        6.2.   For as long as the Borrowings have not been repaid in full, the
               Caisse shall be entitled to receive notice of and have a
               representative attend as observer at all meetings of the Board of
               Directors. It is understood that such observer shall not have a
               right to vote but shall have the right to be heard at such
               meetings.

        6.3.   Notwithstanding the provisions of Section 6.1 herein, commencing
               no later than March 16, 2001 and for so long as Facility 2 has
               not been repaid in full, the Caisse shall be entitled to have two
               designees appointed to the Board of Directors of the Company,
               and, from and after April 16, 2001, at least three members of the
               Board of Directors of the Company shall have relevant operating
               or industry experience (the "Industry Board Members"), it being
               understood that Gerald Wasserman and Phil Bakes shall be deemed
               to have the relevant experience. Meetings of the Board of
               Directors shall be held at least bi-monthly, commencing March
               2001. There shall be meetings of the Executive Committee of the
               Company every month in which there is not a meeting of the Board
               of Directors and at least two of the Industry Board Members shall
               be appointed to the Executive Committee. It is agreed for the
               purposes hereof that the Caisse nominees shall be considered as
               Industry Board Members.

        6.4.   The Caisse shall have the right to revoke the designation of
               any person whom they have designated to sit on the Board of
               Directors and to designate any other person in his place. Any
               vacancy created on the Board of Directors may be filled within
               90 days following the creation of such vacancy by a
               representative designated by the Caisse who had designated
               such person to the Board of Directors.

        6.5.   Each Director designated by the Caisse shall be promptly
               reimbursed by the Company for the reasonable travel and other
               expenses incurred to attend meetings of the Board of Directors
               and of Committees of the Board of Directors, together with
               benefits and stipends payable to Directors generally, if any.

        6.6.   The Company shall purchase and maintain in force and the
               Company shall adopt a By-law providing that it shall purchase
               and maintain in force insurance in respect of the civil
               liability of the Directors when acting in such capacity.

<PAGE>

                                                                        Page 8

7.      NOTICE

        7.1.   Any demand, notice or other communication (hereinafter referred
               to as a "Communication") to be given to a party in connection
               with this Agreement shall be given in writing and shall be given
               by personal delivery, by registered mail or by transmittal by
               facsimile addressed to the recipient at the address indicated
               opposite its name on the signature pages hereto, or at such other
               address as may be notified by such party to the others pursuant
               to this Section 7.1.

        7.2.   Any Communication given by personal delivery shall be
               conclusively deemed to have been given on the day of actual
               delivery thereof and, if given by registered mail, on the fifth
               Business Day following the mailing thereof and, if given by
               facsimile on the day of transmittal thereof if given during
               normal business hours of the recipient or on the next Business
               Day if given after normal business hours on any day. If the party
               giving any Communication knows or ought to know of any
               difficulties with the postal system or facsimile transmission
               system which might affect the delivery of mail or facsimile
               transmission, any such Communication shall be given by personal
               delivery or by other methods of communication not affect by the
               said difficulties.

8.      GOVERNING LAW; JURISDICTION; SERVICE OF PROCESS.

        8.1.   This Agreement shall be governed and construed in accordance with
               the internal laws of the State of New York (including NYGOL
               Sections5-1401 and 5-1402).

        8.2.   (A) WS Acquisition and the Company each hereby irrevocably and
               unconditionally submits, for itself and its property, to the
               nonexclusive jurisdiction of any Federal or State court located
               in the Borough of Manhattan, the City of New York, in any action
               or proceeding arising out of or relating to this Agreement or any
               other related document to which it is a party, or for recognition
               or enforcement of any judgment, and each of the parties hereto
               hereby irrevocably and unconditionally agrees that all claims in
               respect of any such action or proceeding may be heard and
               determined in such courts. Each of the parties hereto agrees that
               a final judgment in any such action or proceeding shall be
               conclusive and may be enforced in other jurisdictions by suit on
               the judgment or in any other manner provided by law. (B) Nothing
               in this Agreement shall affect any right that the Caisse may
               otherwise have to bring any action or proceeding relating to this
               Agreement against WS Acquisition or the Company or their
               respective properties in the courts of any other jurisdiction.

<PAGE>

                                                                        Page 9

        8.3.   Each of WS Acquisition and the Company irrevocably consents to
               the service of any and all process in any suit, action or
               proceeding referred to in Section 8.2(A) by mailing of copies of
               such process to it at its address provided opposite its name on
               the signature pages hereto. All mailings under this Section shall
               be by certified mail, return receipt requested. Nothing in this
               Agreement will affect the right of any party to this Agreement to
               serve process in any other manner permitted by law.

        8.4.   Each of WS Acquisition and the Company hereby irrevocably and
               unconditionally waives, to the fullest extent it may legally and
               effectively do so, any objection which it may now or hereafter
               have to the laying of venue of any suit, action or proceeding
               arising out of or relating to this Agreement in any court
               referred to in Section 8.2(A). Each of the parties hereto hereby
               irrevocably waives, to the fullest extent permitted by law, the
               defense of an inconvenient forum to the maintenance of such
               action or proceeding referred to in Section 8.2(A) in any such
               court.

9.      GENERAL

        9.1.   As the context requires, words importing the singular number
               include the plural, words importing the masculine gender include
               the feminine gender and vice versa.

        9.2.   This Agreement constitutes the complete and final agreement among
               the Parties regarding the matters set forth herein and replaces
               all prior contracts, agreements, commitments and understandings,
               verbal and written.

        9.3.   No modification or amendments to this Agreement shall be valid
               and binding unless set forth in writing and duly executed by all
               Parties and no waiver of any breach of any term or provision of
               this Agreement shall be effective or binding unless made in
               writing and signed by the Party purporting to give same and,
               unless otherwise provided, shall be limited to the specific
               breach waived.

        9.4.   Any decision of a court to the effect that any of the provisions
               of this Agreement are null or unenforceable shall in no way
               affect the other provisions of this Agreement or their validity
               or enforceability.

        9.5.   The insertion of section headings is for ease of reference only
               and shall not affect the interpretation of this Agreement.

        9.6.   All executed copies of this Agreement constitute originals of one
               and the same agreement.

        9.7.   This Agreement may be executed by the Parties in counterparts at
               different times and in different places without the Parties being
               in each other's presence.

<PAGE>

                                                                        Page 10

        9.8.   This Agreement will enure to the benefit of and be binding upon
               the respective successors and permitted assigns of the Parties.

        9.9.   Time is of the essence in this Agreement. Each Party shall be in
               default by the mere lapse of time for the performance of any of
               its obligations hereunder without the necessity of any notice to
               that effect.

        9.10.  WS Acquisition may not Transfer any of its Shares to an
               Affiliate of WS Acquisition unless said Affiliate first delivers
               to the Company and the Caisse a duly authorized and executed
               intervention in the form of Schedule A to this Agreement.

        9.11.  This Agreement shall remain in effect until all Borrowings
               have been repaid in full in cash and the Caisse does not hold
               any Warrants or any Shares.

        IN WITNESS WHEREOF, the parties have signed this agreement on March 14,
        2001.

c/o CDP Capital d'Amerique Inc.        CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
2001 McGill College Avenue
Suite 600
Montreal, Quebec
H3A 1G1                                By: /s/ Diane Favreau
                                           -------------------------------
                                               Diane Favreau

Attention:         Diane Favreau       By: /s/ James McMullan
Telecopier No.:   (514) 847-5488           -------------------------------
Telephone No.:    (514) 847-2493               James McMullan

620 5th Avenue                         WS ACQUISITION LLC
Suite 216
New York, New York                     By: /s/ Greg S. Feldman
10020-1579, U.S.A.                         -------------------------------
                                               Greg S. Feldman

Telecopier No.:   (212) 332-7575
Telephone No.:    (212) 332-7565

139 Harvest Lane                       THE HOCKEY COMPANY
P.O. Box 1200
Williston, Vermont                     By: /s/ Russell David
05495, U.S.A.                             -------------------------------
                                             Russell David
                                             Chief Operating Officer
Attention:        President
Telecopier No.:   (802) 872-4226
Telephone No.:    (802) 872-4256

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