Document:

<PAGE>

                                                                     Exhibit 4.2

     -----------------------------------------------------------------------

              THE HOCKEY COMPANY AND SPORT MASKA INC., AS ISSUERS

                                       AND

             THE SUBSIDIARY GUARANTORS NAMED THEREIN, AS GUARANTORS

                                       AND

                              THE BANK OF NEW YORK,
                                   AS TRUSTEE

                           ---------------------------

                          SECOND SUPPLEMENTAL INDENTURE
                            DATED AS OF MAY 22, 2003

                           ---------------------------

                               UNITS CONSISTING OF
           11 1/4% SENIOR SECURED NOTES OF THE HOCKEY COMPANY DUE 2009
            11 1/4% SENIOR SECURED NOTES OF SPORT MASKA INC. DUE 2009

     -----------------------------------------------------------------------

<PAGE>
                                                                              /2

     SECOND SUPPLEMENTAL INDENTURE dated as of May 22, 2003 (the "SUPPLEMENTAL
INDENTURE") among The Hockey Company, a Delaware corporation (the "COMPANY"),
Sport Maska Inc., a New Brunswick corporation ("SUBSIDIARY ISSUER" and,
together with the Company, the "ISSUERS"), the Guarantors (as defined therein)
and The Bank of New York, as trustee (the "TRUSTEE").

     WHEREAS, the Issuers and Guarantors have duly authorized, executed and
delivered to the Trustee that certain Indenture, dated as of April 3, 2002 and
as supplemented from time to time (the "INDENTURE"), pursuant to which the
Issuers' 11 1/4% Senior Secured Note Units due 2009 (the "INITIAL UNITS"), each
Unit consisting of $500 principal amount of 11 1/4% Senior Secured Notes of the
Company (the "PARENT NOTES") and $500 principal amount of 11 1/4% Senior Secured
Notes of Subsidiary Issuer (the "SUBSIDIARY ISSUER NOTES" and, together with the
Parent Notes, the "NOTES"), were issued;

     WHEREAS, pursuant to Section 9.01(1) of the Indenture, the Issuers and the
Guarantors, when authorized by a Board resolution, and the Trustee, together,
may amend or supplement the Indenture, the Notes, the Parent Guarantee or the
Guarantees without notice to or consent of any Holder to cure any ambiguity,
defect or inconsistency; PROVIDED that such amendment or supplement does not
adversely affect the rights of any Holder in any material respect;

     WHEREAS, the respective Boards of Directors authorized the Issuers and the
Guarantors, as the case may be, to enter into a supplemental indenture in order,
among other things, to clarify the definition of "change of control";

     AND WHEREAS, the parties wish to execute this Supplemental Indenture for
the purposes stated above;

     NOW, THEREFORE, the Issuers and the Guarantors covenant and agree with the
Trustee, for the benefit of those who shall hold the Initial Units and related
Notes from time to time, as hereinafter set forth.

                                    ARTICLE I

                                  DEFINED TERMS

     In this Supplemental Indenture and in the recitals hereto, except as
otherwise expressly provided herein or unless the context otherwise requires,
words and expressions which are defined in the Indenture shall have the
meanings, when used herein and in the recitals hereto, as are ascribed to them
in the Indenture.

<PAGE>

                                                                              /3

                                   ARTICLE II

                           AMENDMENTS TO THE INDENTURE

     Upon execution and delivery of this Supplemental Indenture to the Trustee,
the Indenture shall be amended as set forth below.

2.1  The definition of "CHANGE OF CONTROL" contained in Section 1.01 of the
     Indenture is hereby amended so as to read as follows:

          "CHANGE OF CONTROL" means the occurrence of one or more of the
          following events: (i) any Person or "Group" (as such terms are used in
          Sections 13(d) and 14(d) of the Exchange Act)(other than the Permitted
          Holders) is or becomes the "beneficial owner" (as defined in Rules
          13d-3 and 13d-5 under the Exchange Act) directly or indirectly, of 50%
          or more of the total outstanding Voting Stock of the Company; or (ii)
          during any period of two consecutive years, individuals who at the
          beginning of such period constituted the Board of Directors of the
          Company (together with any new directors whose election to such Board
          of Directors, or whose nomination for election by the shareholders of
          the Company has been approved by a vote of a majority of the directors
          then still in office who either were directors at the beginning of
          such period or shoes election or nomination for election was
          previously so approved) cease for any reason to constitute a majority
          of the Board of Directors then in office; or (iii) any sale, lease,
          exchange or other transfer (in one transaction or a series of related
          transactions) of all or substantially all of the assets of the Company
          and its Subsidiaries on a consolidated basis to any Person or Group,
          together with any Affiliates thereof (whether or not otherwise in
          compliance with the provisions of the Indenture) that are not
          controlled, directly or indirectly, by the Permitted Holders; or (iv)
          the approval by the holders of Capital Stock of the Company of any
          plan or proposal for the liquidation or dissolution of the Company
          (whether or not otherwise in compliance with this Indenture);
          PROVIDED, HOWEVER, that no Change of Control shall be deemed to have
          occurred as a result of any corporate reorganization in which a
          holding company is formed and as a result of which such holding
          company is or becomes the "beneficial owner" of 50% or more of the
          total outstanding Voting Stock of the Company; PROVIDED FURTHER,
          HOWEVER, that a Change of Control shall be deemed to have occurred at
          such time as any Person or Group is or becomes the "beneficial owner"
          directly or indirectly of 50% or more of the total outstanding Voting
          Stock of such holding company."

<PAGE>

                                                                              /4

                                   ARTICLE III

                            MISCELLANEOUS PROVISIONS

3.1  INTERPRETATION

          This Supplemental Indenture is a supplemental indenture executed
     pursuant to Section 9.01(1) of the Indenture. Upon execution, delivery and
     effectiveness pursuant to this Supplemental Indenture, the Indenture shall
     be modified and amended in accordance with this Second Supplemental
     Indenture.

3.2  SUCCESSORS AND ASSIGNS

          All covenants and agreements in this First Supplemental Indenture by
     the Issuers and the Guarantors or the Trustee shall bind and inure to the
     benefit of their respective successors and assigns.

3.3  GOVERNING LAW

          This Supplemental Indenture shall be governed by and construed in
     accordance with the laws of the State of New York, as applied to contracts
     made and performed within the State of New York, without regard to
     principles of conflict of laws. Each of the parties hereto agrees to submit
     to the jurisdiction of any state or federal court located in the State of
     New York in any action or proceeding arising out of or relating to this
     Supplemental Indenture.

3.4  DUPLICATE ORIGINALS

          The parties may sign any number of copies of this Supplemental
     Indenture. Each signed copy shall be deemed an original, but all of them
     together shall represent the same agreement.

3.5  RATIFICATION BY TRUSTEE

          Except as expressly supplemented or amended as set forth in this
     Second Supplemental Indenture, the Indenture is hereby ratified and
     confirmed, and all the terms, provisions and conditions thereof shall be
     and continue in full force and effect. The Trustee accepts the trusts
     created by Indenture, as amended and supplemented by this Second
     Supplemental Indenture, and agrees to perform the same upon the terms and
     conditions in the Indenture as amended and supplemented by this Second
     Supplemental Indenture.

3.6  TRUSTEE DISCLAIMER

          The Trustee shall not be responsible in any matter whatsoever for or
     in respect of the validity or sufficiency of this Second Supplemental
     Indenture, except with respect to the execution hereof by the Trustee, nor
     shall the Trustee be responsible for or in respect of the recitals
     contained herein, all of which are made solely by the Issuers and the
     Guarantors.

<PAGE>

                                                                              /5

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
to be duly executed as of the date first written above.

                          THE HOCKEY COMPANY

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Chief Financial Officer and Vice President,
                                    Finance and Administration

                          SPORT MASKA INC.

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Vice President,
                                    Finance and Administration

                          SPORTS HOLDINGS CORP., as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Vice President,
                                    Finance and Administration

                          MASKA U.S., INC., as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Vice President,
                                    Finance and Administration

<PAGE>

                                                                              /6

                          SLM TRADEMARK ACQUISITION CORP., as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Vice President,
                                    Finance and Administration

                          WAP HOLDINGS INC., as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Vice President,
                                    Finance and Administration

                          SLM TRADEMARK ACQUISITION CANADA CORP.,
                          as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Vice President,
                                    Finance and Administration

                          JOFA AB, as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Authorized Signatory

                          JOFA HOLDING AB, as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Authorized Signatory

<PAGE>

                                                                              /7

                          NORDIC HOCKEY COMPANY AB, as a Guarantor

                          By:  /s/  Robert A. Desrosiers
                             --------------------------------------------------
                             Name:  Robert A. Desrosiers
                             Title: Authorized Signatory

                          THE BANK OF NEW YORK, as Trustee

                          By:  /s/  Patricia M. Phillips
                             --------------------------------------------------
                             Name:  Patricia M. Phillips
                             Title: Assistant Vice President<PAGE>

                                                                    Exhibit 10.1

      ---------------------------------------------------------------------

                               THE HOCKEY COMPANY,

                THE SUBSIDIARIES FROM TIME TO TIME PARTY THERETO

                                       AND

                              THE BANK OF NEW YORK,

                               AS COLLATERAL AGENT

                           --------------------------

                               FIRST AMENDMENT TO
                          PLEDGE AND SECURITY AGREEMENT
                            DATED AS OF MAY 22, 2003

                           --------------------------

      ---------------------------------------------------------------------

<PAGE>

          FIRST AMENDMENT TO PLEDGE AND SECURITY AGREEMENT, dated as of May 22,
2003 (the "FIRST AMENDMENT"), among The Hockey Company, a Delaware corporation
(the "COMPANY"), certain Subsidiaries from time to time party thereto (the
"SUBSIDIARIES") and The Bank of New York, as Collateral Agent (the "COLLATERAL
AGENT").

          WHEREAS, the Company, Sport Maska Inc. and the Subsidiary Guarantors
named therein have duly authorized, executed and delivered to The Bank of New
York, as Trustee, that certain Indenture, dated as of April 3, 2002 and as
supplemented from time to time (the "INDENTURE"), pursuant to which the
Company's and Sport Maska Inc.'s 11 1/4% Senior Secured Note Units due 2009 were
issued;

          WHEREAS, in connection with the Indenture, the Company and the
Subsidiaries have duly authorized, executed and delivered to the Collateral
Agent that certain Pledge and Security Agreement, dated as of April 3, 2002 and
as supplemented or amended from time to time (the "PLEDGE AND SECURITY
AGREEMENT"), pursuant to which the Company and the Subsidiaries, among other
things, pledged certain certificated Securities;

          WHEREAS, in order principally to take advantage of beneficial tax
treatment for intercompany financing arrangements by having a Swedish company,
rather than a U.S. company, as the direct parent of certain of its subsidiaries,
the Company completed a reorganization as of December 31, 2002 of its European
subsidiaries whereby a Swedish holding company, named Nordic Hockey Company AB
("NORDIC HOCKEY COMPANY"), was formed and, pursuant to a series of share
transfers and contributions, became the direct parent company of each of Jofa
Holding AB and KHF Sports Oy;

          AND WHEREAS, the parties wish to execute this First Amendment in order
to amend Schedule I to Pledge and Security Agreement to reflect that (i) (A)
Nordic Hockey Company is now the wholly-owned subsidiary of WAP Holdings Inc.
and (B) WAP Holdings Inc., pursuant to this First Amendment, now hereby pledges
100% of the Securities of Nordic Hockey Company under the Pledge and Security
Agreement and (ii) (A) Sports Holdings Corp. is no longer the direct parent
company of KHF Sports Oy, (B) WAP Holdings Inc. is no longer the direct parent
company of Jofa Holding AB and (C) the respective pledges by Sports Holdings
Corp. and WAP Holdings Inc. of the shares of such companies, pursuant to this
First Amendment, are no longer effective and have been terminated;

          NOW, THEREFORE, pursuant to Section 7.2 of the Pledge and Security
Agreement, the Company and certain of the Subsidiaries covenant and agree with
the Collateral Agent, for the benefit of those who shall hold the 11 1/4% Senior
Secured Note Units due 2009 from time to time, as hereinafter set forth.

<PAGE>

                                    ARTICLE 1
                                  DEFINED TERMS

     In this First Amendment and in the recitals hereto, except as otherwise
expressly provided herein or unless the context otherwise requires, words and
expressions which are defined in the Pledge and Security Agreement shall have
the meanings, when used herein and in the recitals hereto, as are ascribed to
them in the Pledge and Security Agreement.

                                    ARTICLE 2
                             AMENDMENT TO SCHEDULE I

     2.1  Schedule I to Pledge and Security Agreement shall be amended and
restated as attached hereto as Exhibit I.

                                    ARTICLE 3
                            MISCELLANEOUS PROVISIONS

     3.1  Interpretation

          This First Amendment is an amendment to the Pledge and Security
     Agreement executed pursuant to Section 7.2 of the Pledge and Security
     Agreement. Upon execution, delivery and effectiveness pursuant to this
     First Amendment, the Pledge and Security Agreement shall be modified and
     amended in accordance with this First Amendment.

     3.2  Successors and Assigns

          All covenants and agreements in this First Amendment by the Company
     and the Subsidiaries party hereto or the Collateral Agent shall bind and
     inure to the benefit of their respective successors and assigns.

     3.3  Governing Law

          This First Amendment shall be governed by and construed in accordance
     with the laws of the State of New York, as applied to contracts made and
     performed within the State of New York, without regard to principles of
     conflict of laws. Each of the parties hereto agrees to submit to the
     jurisdiction of any state or federal court located in the State of New York
     in any action or proceeding arising out of or relating to this First
     Amendment.

     3.4  Duplicate Originals

          The parties may sign any number of copies of this First Amendment.
     Each signed copy shall be deemed an original, but all of them together
     shall represent the same agreement.

<PAGE>

     3.5  Collateral Agent Disclaimer

          The Collateral Agent shall not be responsible in any matter whatsoever
     for or in respect of the validity or sufficiency of this First Amendment,
     except with respect to the execution hereof by the Collateral Agent, nor
     shall the Collateral Agent be responsible for or in respect of the recitals
     contained herein, all of which are made solely by the Company and the
     Subsidiaries party hereto.

                           [Signature page to follow]

<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be
duly executed as of the date first written above.

                            THE HOCKEY COMPANY, as a Grantor

                            By:  /s/ Robert A. Desrosiers
                              --------------------------------------------------
                              Name:  Robert A. Desrosiers
                              Title: Chief Financial Officer and Vice President,
                                     Finance and Administration

                            SPORTS HOLDINGS CORP., as a Grantor

                            By:  /s/ Robert A. Desrosiers
                              --------------------------------------------------
                              Name:  Robert A. Desrosiers
                              Title: Chief Financial Officer and Vice President,
                                     Finance and Administration

                            WAP HOLDINGS INC., as a Grantor

                            By:  /s/ Robert A. Desrosiers
                              --------------------------------------------------
                              Name:  Robert A. Desrosiers
                              Title: Chief Financial Officer and Vice President,
                                     Finance and Administration

                            THE BANK OF NEW YORK, as Collateral Agent

                            By:  /s/ Patricia M. Phillips
                              --------------------------------------------------
                              Name:  Patricia M. Phillips
                              Title: Assistant Vice President

<PAGE>

                                                                       EXHIBIT I

SCHEDULE I TO PLEDGE AND SECURITY AGREEMENT

Item A.  [DELETED]

Item B.  SECURITIES

<TABLE>
<CAPTION>
Grantor: The Hockey Company
----------------------------------------------------------------------------------------------------- -----------------
ISSUER (CORPORATE)                                 AUTHORIZED                     OUTSTANDING            % OF SHARES
                                                     SHARES                         SHARES                 PLEDGED
----------------------------------------- ------------------------------ ---------------------------- -----------------
<S>                                       <C>                            <C>                             <C>
SLM Trademark Acquisition Corp.           3,000 Common Stock             3,000 Common Stock                  100%

----------------------------------------- ------------------------------ ---------------------------- -----------------
Sport Maska Inc.                          Unlimited number of Class A,   100 Class A Common Stock            100%
                                          B, C, and D Shares
                                                                         25,470,000 Class B
                                                                         Preferred Stock                     100%

----------------------------------------- ------------------------------ ---------------------------- -----------------
Maska U.S., Inc.                          500 Common Stock               460 Common Stock                    100%
                                          16,000 Preferred Stock         16,000 Preferred Stock              100%

----------------------------------------- ------------------------------ ---------------------------- -----------------
Sports Holding Corp.                      1,000,000 Class A Common       1,000 Class A Common Stock          100%
                                          Stock
                                          1,000,000 Class B Common                                           N/A
                                          Stock
                                          125,000 Preferred Stock                                            N/A
----------------------------------------- ------------------------------ ---------------------------- -----------------
</TABLE>

<TABLE>
<CAPTION>

Grantor: SLM Trademark Acquisition Corp.
-----------------------------------------------------------------------------------------------------------------------
ISSUER (CORPORATE)                              AUTHORIZED                   OUTSTANDING                 % OF SHARES
                                                  SHARES                       SHARES                      PLEDGED
----------------------------------------- ------------------------------ ---------------------------- -----------------
<S>                                       <C>                            <C>                             <C>
SLM Trademark Acquisition Canada           Unlimited number of Class A   10 Class A Common                   100%
Corporation                                and B Common Shares
                                           Unlimited number of Class A,
                                           B, C, and D Preferred
----------------------------------------- ------------------------------ ---------------------------- -----------------
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

Grantor: Sports Holding Corp.
-----------------------------------------------------------------------------------------------------------------------
ISSUER (CORPORATE)                                 AUTHORIZED                   OUTSTANDING             % OF SHARES
                                                     SHARES                       SHARES                  PLEDGED
----------------------------------------- ------------------------------ ---------------------------- -----------------
<S>                                       <C>                            <C>                            <C>
WAP Holdings Inc.                         2,000,000 Common Stock         1,630,000 Common Stock             100%
----------------------------------------- ------------------------------ ---------------------------- -----------------
</TABLE>

<TABLE>
<CAPTION>

Grantor: WAP Holding Inc.
-----------------------------------------------------------------------------------------------------------------------
ISSUER (CORPORATE)                                  AUTHORIZED                   OUTSTANDING            % OF SHARES
                                                      SHARES                       SHARES                 PLEDGED
----------------------------------------- ------------------------------ ---------------------------- -----------------
<S>                                       <C>                            <C>                            <C>
Nordic Hockey Company AB                  100 Common Shares              100 Common Shares                  100%
----------------------------------------- ------------------------------ ---------------------------- -----------------
</TABLE>

<TABLE>
<CAPTION>
                                        LIMITED LIABILITY COMPANY INTERESTS

ISSUER (LIMITED LIABILITY COMPANY)          % OF LIMITED LIABILITY                 TYPE OF LIMITED LIABILITY
                                           COMPANY INTERESTS PLEDGED               COMPANY INTERESTS PLEDGED
<S>                                  <C>                                          <C>
None

</TABLE>

<TABLE>
<CAPTION>
                                               PARTNERSHIP INTERESTS

                                                 % OF PARTNERSHIP                  TYPE OF PARTNERSHIP
ISSUER (PARTNERSHIP)                             INTERESTS PLEDGED                 INTERESTS PLEDGED
<S>                                   <C>                                         <C>
None

</TABLE>

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