Document:

REVOLVING NOTE

$8,500,000                                            Minneapolis, Minnesota
                                                           September 8, 1999

         For value received, the undersigned, First Team Sports, Inc., a
Minnesota corporation, Hespeler Hockey Holding, Inc., a Minnesota corporation,
Hespeler Hockey Company, a Nova Scotia unlimited liability company, and First
Team Sports GmbH, an Austrian corporation (collectively, the "Borrower"), hereby
promises to pay on the Termination Date under the Credit Agreement (defined
below), to the order of NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, a national
banking association (the "Lender"), at its main office in Minneapolis,
Minnesota, or at any other place designated at any time by the holder hereof, in
lawful money of the United States of America and in immediately available funds,
the principal sum of Eight Million Five Hundred Thousand Dollars ($8,500,000)
or, if less, the aggregate unpaid principal amount of all Revolving Advances
made by the Lender to the Borrower under the Credit Agreement (defined below)
together with interest on the principal amount hereunder remaining unpaid from
time to time, computed on the basis of the actual number of days elapsed and a
360-day year, from the date hereof until this Note is fully paid at the rate
from time to time in effect under the Credit and Security Agreement of even date
herewith (as the same may hereafter be amended, supplemented or restated from
time to time, the "Credit Agreement") by and between the Lender and the
Borrower. The principal hereof and interest accruing thereon shall be due and
payable as provided in the Credit Agreement. This Note may be prepaid only in
accordance with the Credit Agreement.

         This Note is issued pursuant, and is subject, to the Credit Agreement,
which provides, among other things, for acceleration hereof. This Note is the
Revolving Note referred to in the Credit Agreement. This Note is secured, among
other things, pursuant to the Credit Agreement and the Security Documents as
therein defined, and may now or hereafter be secured by one or more other
security agreements, mortgages, deeds of trust, assignments or other instruments
or agreements.

         The Borrower hereby agrees to pay all costs of collection, including
attorneys' fees and legal expenses in the event this Note is not paid when due,
whether or not legal proceedings are commenced.

         Presentment or other demand for payment, notice of dishonor and protest
are expressly waived.

                                       FIRST TEAM SPORTS, INC.

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title:    CFO

                                       HESPELER HOCKEY HOLDING, INC.

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title:    CFO

                                       HESPELER HOCKEY COMPANY

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title:    CFO

                                       FIRST TEAM SPORTS GmbH

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title: Acting AgentREVOLVING NOTE

$1,500,000                                             Minneapolis, Minnesota
                                                            September 8, 1999

         For value received, the undersigned, First Team Sports, Inc., a
Minnesota corporation, Hespeler Hockey Holding, Inc., a Minnesota corporation,
Hespeler Hockey Company, a Nova Scotia unlimited liability company, and First
Team Sports GmbH, an Austrian corporation (collectively, the "Borrower"), hereby
promises to pay on the Termination Date under the Credit Agreement (defined
below), to the order of NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, a national
banking association (the "Lender"), at its main office in Minneapolis,
Minnesota, or at any other place designated at any time by the holder hereof, in
lawful money of the United States of America and in immediately available funds,
the principal sum of One Million Five Hundred Thousand Dollars ($1,500,000) or,
if less, the aggregate unpaid principal amount of all Revolving Advances made by
the Lender to the Borrower under the Credit Agreement (defined below) together
with interest on the principal amount hereunder remaining unpaid from time to
time, computed on the basis of the actual number of days elapsed and a 360-day
year, from the date hereof until this Note is fully paid at the rate from time
to time in effect under the Credit and Security Agreement of even date herewith
(as the same may hereafter be amended, supplemented or restated from time to
time, the "Credit Agreement") by and between the Lender and the Borrower. The
principal hereof and interest accruing thereon shall be due and payable as
provided in the Credit Agreement. This Note may be prepaid only in accordance
with the Credit Agreement.

         This Note is issued pursuant, and is subject, to the Credit Agreement,
which provides, among other things, for acceleration hereof. This Note is the
Revolving Note referred to in the Credit Agreement. This Note is secured, among
other things, pursuant to the Credit Agreement and the Security Documents as
therein defined, and may now or hereafter be secured by one or more other
security agreements, mortgages, deeds of trust, assignments or other instruments
or agreements.

         The Borrower hereby agrees to pay all costs of collection, including
attorneys' fees and legal expenses in the event this Note is not paid when due,
whether or not legal proceedings are commenced.

         Presentment or other demand for payment, notice of dishonor and protest
are expressly waived.

                                       FIRST TEAM SPORTS, INC.

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title:    CFO

                                       HESPELER HOCKEY HOLDING, INC.

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title:    CFO

                                       HESPELER HOCKEY COMPANY

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title:    CFO

                                       FIRST TEAM SPORTS GmbH

                                       By:    /s/ Kent A. Brunner
                                       Name:  Kent A. Brunner
                                       Title: Acting AgentTERM NOTE

$4,500,000                                               Minneapolis, Minnesota
                                                              September 8, 1999

         For value received, the undersigned, First Team Sports, Inc., a
Minnesota corporation, Hespeler Hockey Holding, Inc., a Minnesota corporation,
Hespeler Hockey Company, a Nova Scotia unlimited liability company, and First
Team Sports GmbH, an Austrian corporation (collectively, the "Borrower"), hereby
promises to pay on the Termination Date under the Credit Agreement (defined
below), to the order of NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, a national
banking association (the "Lender"), at its main office in Minneapolis,
Minnesota, or at any other place designated at any time by the holder hereof, in
lawful money of the United States of America and in immediately available funds,
the principal sum of Four Million Five Hundred Thousand Dollars ($4,500,000) or,
if less, the aggregate unpaid principal amount of the Term Advance made by the
Lender to the Borrower under the Credit Agreement (defined below) together with
interest on the principal amount hereunder remaining unpaid from time to time,
computed on the basis of the actual number of days elapsed and a 360-day year,
from the date hereof until this Note is fully paid at the rate from time to time
in effect under the Credit and Security Agreement of even date herewith (as the
same may hereafter be amended, supplemented or restated from time to time, the
"Credit Agreement") by and between the Lender and the Borrower. The principal
hereof and interest accruing thereon shall be due and payable as provided in the
Credit Agreement. This Note may be prepaid only in accordance with the Credit
Agreement.

         This Note is issued pursuant, and is subject, to the Credit Agreement,
which provides, among other things, for acceleration hereof. This Note is the
Term Note referred to in the Credit Agreement. This Note is secured, among other
things, pursuant to the Credit Agreement and the Security Documents as therein
defined, and may now or hereafter be secured by one or more other security
agreements, mortgages, deeds of trust, assignments or other instruments or
agreements.

         The Borrower hereby agrees to pay all costs of collection, including
attorneys' fees and legal expenses in the event this Note is not paid when due,
whether or not legal proceedings are commenced.

         Presentment or other demand for payment, notice of dishonor and protest
are expressly waived.

                                         FIRST TEAM SPORTS, INC.

                                         By:     /s/ Kent A. Brunner
                                         Name:   Kent A. Brunner
                                         Title:     CFO

                                         HESPELER HOCKEY HOLDING, INC.

                                         By:     /s/ Kent A. Brunner
                                         Name:   Kent A. Brunner
                                         Title:     CFO

                                         HESPELER HOCKEY COMPANY

                                         By:     /s/ Kent A. Brunner
                                         Name:   Kent A. Brunner
                                         Title:     CFO

                                         FIRST TEAM SPORTS GmbH

                                         By:     /s/ Kent A. Brunner
                                         Name:   Kent A. Brunner
                                         Title:  Acting Agent

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