Document:

<Page>

                                                                  Exhibit 10.23

                                3COM CORPORATION

                           DEFERRED COMPENSATION PLAN

              (AMENDED AND RESTATED EFFECTIVE AS OF JULY 15, 2003)

         THIS 3COM CORPORATION DEFERRED COMPENSATION PLAN (the "Plan") is
amended and restated effective as of July 15, 2003, by 3Com Corporation, a
California corporation ("3Com"), for the purpose of providing supplemental
retirement benefits to Company Executives and their beneficiaries in
consideration of services rendered to the Company and as an inducement for their
continued services in the future.

                                    ARTICLE I

                                   DEFINITIONS

         Whenever used herein, the masculine pronoun shall be deemed to include
the feminine, and the singular to include the plural, unless the context clearly
indicates otherwise, and the following definitions shall govern the Plan:

         1.1 "BENEFICIARY" means one, some, or all (as the context shall
require) of those persons, trusts or other entities entitled to receive benefits
which may be payable hereunder upon Executive's death as determined under
Article VI.

         1.2 "BENEFITS" means the amount(s) credited to Executive's Deferral
Account.

         1.3 "BOARD OF DIRECTORS" or "BOARD" means the Board of Directors of
3Com Corporation.

         1.4 "CODE" means the Internal Revenue Code of 1986, as amended.

         1.5 "COMMITTEE" means an independent Committee appointed by the
Compensation Committee of the Board to administer this Plan and to take such
other actions as may be specified herein.

         1.6 "COMPANY" means 3Com and any present or future parent corporation
or subsidiary corporation of 3Com which the Board determines should be included
in the Plan. For purposes of the Plan, a parent corporation and a subsidiary
corporation shall be as defined in sections 424(e) and 424(f) of the Code.

         1.7 "COMPANY CONTRIBUTION" 1.12 means a contribution made on behalf of
an Executive by the Company as specified in Section 3.5 hereof.

         1.8 "CREDITED INVESTMENT RETURN (LOSS)" means the hypothetical
investment return which shall be credited to the Executive's Deferral Account
pursuant to Article IV.

<Page>

         1.9 "DEFERRAL ACCOUNT" means the book entry account established under
the Plan for each Executive to which shall be credited (debited) the Executive's
Salary Deferrals and the Company Contributions, if any, made pursuant to Article
III and the Executive's Credited Investment Return (Loss) determined under
Article IV and which shall be reduced by any distributions made to Executive and
any charges which may be imposed on such Deferral Account pursuant to the terms
of the Plan.

         1.10 "DISTRIBUTION DATE" means the date on which distribution of an
Executive's Benefits is made or commenced pursuant to Section 5.

         1.11 "EARLY BENEFIT DISTRIBUTION DATE" means the date elected by an
Executive for the early distribution of Benefits, as provided in Section 5.1(b).

         1.12 "EFFECTIVE DATE" means August 1, 1995.

         1.13 "ELECTION" means the form of Salary Deferral Election as may be
prescribed by the Committee and as may be modified from time to time.

         1.14 "EMPLOYMENT" means, in the case of an Executive who is an Outside
Director, such individual serving as a member of the Board, and for all other
Executives, employment.

         1.15 "ENTRY DATE" shall mean January 1 of each year.

         1.16 "EXECUTIVE" means a highly compensated or key management employee
of the Company, including Outside Directors, who has been designated by the
Committee as eligible to participate in this Plan and who has elected to
participate in the Plan by executing a Salary Deferral Election or who receives
a Company Contribution pursuant to Section 3.5 hereof.

         1.17 "INITIAL ENTRY DATE" shall mean the first day of the month
following the date an Executive is first designated as eligible to participate
in the Plan, or, if later, the Effective Date. Notwithstanding the foregoing, if
an Executive is an Outside Director, such Executive's Initial Entry Date may not
be prior to January 1, 2003.

         1.18 "OUTSIDE DIRECTOR" shall mean a director who is not otherwise
employed by the Company.

         1.19 "PLAN" shall mean this 3Com Corporation Deferred Compensation
Plan, as it may be amended from time to time.

         1.20 "PLAN YEAR" means the calendar year.

         1.21 "SALARY DEFERRAL AMOUNT" means the Salary Deferral Amount which
Executive elects to contribute pursuant to Article III.

         1.22 "TERMINATION EVENT" means the termination of the Executive's
Employment with the Company for any reason, the Executive's death or Total
Disability. Notwithstanding the foregoing,

                                                                            -2-
<Page>

the change of status of an Outside Director to that of an employee of the
Company shall not be considered a Termination Event.

         1.23 "3COM" means 3Com Corporation, a California corporation.

         1.24 "TOTAL DISABILITY" means the inability of the Executive to engage
substantially in his or her normal duties for the Company on account of physical
or mental impairment for a period of at least one (1) year. A Total Disability
shall not occur for purposes of this Plan until the end of the one (1) year
period of disability.

         1.25 "TRUST" means the legal entity created by the Trust Agreement.

         1.26 "TRUST AGREEMENT" means that trust agreement entered into between
3Com and Charles Schwab Trust Company, a copy of which is attached hereto as
EXHIBIT A, as it may be amended from time to time.

         1.27 "TRUSTEE" means the original Trustee(s) named in the Trust
Agreement and any duly appointed successor to successors thereto.

                                   ARTICLE II

                                   ELIGIBILITY

         2.1 ELIGIBILITY. Eligibility for participation in the Plan shall be
limited to key management or highly compensated employees of the Company,
including Outside Directors, who are selected by the Committee, in its sole
discretion, to participate in the Plan. Individuals who are in this select group
shall be notified as to their eligibility to participate in the Plan.

         2.2 COMMENCEMENT OF PARTICIPATION. An Executive may begin participation
in the Plan upon Executive's Initial Entry Date or any Entry Date thereafter,
subject to the submission of a Salary Deferral Election pursuant to Article III.
The Salary Deferral Election must be returned to the Company in advance of the
Executive's Initial Entry Date or Entry Date in accordance with such rules and
procedures as may be established by the Committee. An Executive may also begin
participation in the Plan without submitting a Deferral Election upon the date
on which a Company Contribution is made pursuant to Section 3.5 hereof.

         2.3 CESSATION OF PARTICIPATION. Active participation in the Plan shall
end when an Executive's Employment terminates for any reason. No contributions
to the plan shall be made with respect to compensation paid after such
termination date. Upon termination of Employment or discontinuance of all Salary
Deferrals, an Executive shall remain an inactive participant in the Plan until
all of the Benefits to which he or she is entitled thereunder have been paid in
full.

                                                                            -3-
<Page>

                                   ARTICLE III

         SALARY AND BONUS DEFERRAL CONTRIBUTIONS; COMPANY CONTRIBUTIONS

         3.1 SALARY DEFERRALS.

             (a) As of the Executive's Entry Date through and until the time
that Executive elects otherwise in accordance with the provisions of Sections
3.1(b) and 3.1(c), the Executive agrees to irrevocably reduce his or her salary
by the amount (or percentage) set forth in a Salary Deferral Election duly
executed and filed with the Company (the "Salary Deferral Amount"), subject,
however, to the provisions of Section 3.4 below. The Salary Deferral Amount
shall not be paid to the Executive, but shall be withheld from the Executive's
salary and an amount equal to the Salary Deferral Amount shall be credited to
the Executive's Deferral Account.

             (b) The Executive may, at any time, amend his or her Salary
Deferral Election to cease salary deferrals pursuant to the Plan, upon written
notice to the Committee. Any such amendment shall be in such form as the
Committee may specify and shall be effective on the first day of the next month
following the date such amendment is made, provided the amendment is filed prior
to such effective date in accordance with such rules as the Committee may
establish.

             (c) The Executive may amend his or her Salary Deferral Election to
increase or decrease (other than a complete cessation) his or her Salary
Deferral Amount. Any such amendment shall be in writing or on such form as the
Committee may specify and shall be effective on the first day of the next Plan
Year following the date such amendment is made, provided the amendment is filed
prior to such date in accordance with such rules as the Committee may establish.

             (d) Except as otherwise provided in Sections 3.1(b) and 3.1(c)
above and subject to the provisions of Sections 5.3 and 5.4, below, the
Executive's Election to reduce his or her salary shall continue in effect until
the occurrence of a Termination Event.

             (e) Any such Salary Deferral Election or amended Salary Deferral
Election shall apply only to salary earned after the effective date of such
Salary Deferral Election.

         3.2 SALARY DEFINED. For the purpose of determining an Executive's
Salary Deferral Amount, "salary" shall mean, in the case of an Outside Director,
such Executive's annual retainer and meeting fees, and in the case of all other
Executives, such Executive's base salary, commissions and the annual bonus, if
any, paid to the Executive.

         3.3 LIMITATIONS ON DEFERRALS. A Participant's Salary Deferral Amount
shall be limited as follows:

             (a) The Salary Deferral Amount elected by the Executive shall be
reduced by the amount(s), if any, which may be necessary

                 (i) To satisfy all applicable income and employment tax
withholding and FICA contributions;

                                                                            -4-
<Page>

                 (ii) To pay all contributions elected by the Executive pursuant
to 3Com's employee stock purchase plan, and other fringe benefit programs; and

                 (iii) To satisfy all garnishments or other amounts required to
be withheld by applicable law or court order.

             (b) Any withholding or salary deferral elections made under 3Com's
401(k) Plan shall be determined based on the Executive's compensation after
reduction for the Salary Deferrals made pursuant to the Plan.

         3.4 NO WITHDRAWAL. Except as provided in Sections 5.3 and 5.4 below,
the Deferral Amounts may not be withdrawn by Executive and shall be paid only in
accordance with the provisions of this Plan.

         3.5 COMPANY CONTRIBUTIONS. The Company may, in its sole discretion,
make a Company Contribution to a Deferral Account on behalf of an Executive,
subject to such vesting and distribution conditions and limitations as the
Company, in its sole discretion, shall impose. To the extent such Company
Contributions do not vest, corresponding debits will be made to a Participant's
account, including any earnings on such forfeited amounts. To the extent such
Company Contributions do vest, or otherwise become subject to employment taxes,
a debit equal to the amount of any related employee-side employment taxes
remitted by the Company shall be made to a Participant's account.

                                   ARTICLE IV

             CREDITED INVESTMENT RETURN (LOSS) ON DEFERRAL ACCOUNTS

         4.1 DEFERRAL ACCOUNT.

             (a) A Deferral Account shall be established and maintained for each
Executive which shall be credited (debited) with such Executive's Salary
Deferral Amounts, Company Contributions (if any) and the Credited Investment
Return (Loss) as determined under this Article IV. The Executive's Deferral
Account shall be charged with distributions therefrom and any charges which may
be imposed on the Deferral Account pursuant to the terms of the Plan.

         4.2 CREDITED INVESTMENT RETURN (LOSS).

             (a) Each Executive's Deferral Account shall be credited monthly, or
more frequently as the Committee may specify, with the Credited Investment
Return (Loss) attributable to his or her Deferral Account. The Credited
Investment Return (Loss) is the amount which the Executive's Deferral Account
would have earned if the amounts credited to the Deferral Account had, in fact,
been invested in the Deemed Investment Options, in accordance with the
Executive's Deemed Investment Elections.

             (b) The Committee shall designate Deemed Investment Options. The
Committee shall specify the particular funds which shall constitute Deemed
Investment Options, and may, in its

                                                                            -5-
<Page>

sole discretion, change or add to the Deemed Investment Options; provided,
however, that the Committee shall notify Executives of any such change prior to
the effective date thereof.

         4.3 DEFERRED INVESTMENT OPTIONS. Each Executive may select among the
Deemed Investment Options and specify the manner in which his or her Deferral
Account shall be deemed to be invested for purposes of determining Executive's
Credited Investment Return (Loss) (the "Deemed Investment Election"). The
Committee shall establish and communicate the rules, procedures and deadlines
for making and changing Deemed Investment Elections.

                                    ARTICLE V

                                    BENEFITS

         5.1 (a) TIMING OF DISTRIBUTION. The amounts credited to Executive's
Deferral Account shall be paid (or payment shall commence) within a reasonable
time after the earlier to occur of (i) the Early Benefit Distribution Date, if
the Executive elected an Early Benefit Distribution, or (ii) a Termination
Event.

             (b) EARLY BENEFIT DISTRIBUTION.

                 (i) Executive may elect an Early Benefit Distribution. Such
Early Benefit Distribution Election shall be made on Executive's initial Salary
Deferral Election or in such other manner as the Committee shall specify. Such
Early Benefit Distribution Election shall specify an Early Benefit Distribution
Date which shall be no less than one year from the date such Early Benefit
Distribution Election is made. Except as otherwise provided in this Article V,
the Early Benefit Distribution shall be irrevocable and shall apply to all
Salary Deferrals made by Executive under the Plan.

                 (ii) An Executive may amend or revoke an Early Benefit
Distribution Election by filing a written amendment or revocation at least
twelve months prior to the earlier of (A) the Early Benefit Distribution Date
previously elected; and, in the case of an amendment, (B) the date distribution
of Executive's Benefit under the Plan are to be made or commenced after giving
effect to such Early Benefit Distribution Election amendment. Only one such
amendment or revocation may be made by an Executive.

             (c) TERMINATION EVENT. The Executive's Benefits shall be
distributed, or distribution shall commence, upon Executive's termination of
Employment with the Company, death or Total Disability, if the Executive does
not have an Early Benefit Distribution Election in effect, or if such
Termination Event occurs prior to the Executive's Early Benefit Distribution
Date.

         5.2 (a) METHOD OF DISTRIBUTION. An Executive's Deferral Accounts shall
be paid in one of the following methods specified in his or her most recent
Election filed with the Committee at least six (6) months prior to the
Distribution Date: (i) a single lump sum payment; or (ii) substantially equal
annual installments over a period not to exceed five (5) years.

             (b) DISTRIBUTION ELECTION. The Executive may designate the method
of distribution ("Distribution Election") on any Salary Deferral Election filed
pursuant to the Plan and may amend

                                                                            -6-
<Page>

any such Distribution Election by filing a new Distribution Election in writing
or on such form as the Committee may prescribe at least six (6) months prior to
the distribution (or commencement of distribution) of Benefits. However, any
amendment which is filed within six (6) months of the Distribution Date shall be
null and void.

             (c) DEATH BENEFITS. In the event the Executive dies before his or
her Benefits have been fully distributed, the Executive's benefits shall be paid
to his or Beneficiary in accordance with Executive's Distribution Election.

             (d) NON-ELECTION. If no Distribution Election has been properly
made prior to the Distribution Date, the Executive's Benefits will be
distributed in a single lump sum.

         5.3 FINANCIAL HARDSHIP. Notwithstanding the foregoing, with the consent
of the Committee, an Executive may withdraw up to one hundred percent (100%) of
the amount credited to his or her Deferral Account as may be required to meet
unforeseeable emergency of the Executive, provided that the entire amount
requested by the Executive is not reasonably available from other resources of
the Executive.

             (a) The withdrawal must be necessary to satisfy the unforeseeable
emergency and no more may be withdrawn from the Executive's Deferral Account
than is required to relieve the financial need after taking into account other
resources that are reasonably available to the Executive for this purpose.

             (b) The Executive must certify that the financial need cannot be
relieved: (i) through reimbursement or compensation by insurance or otherwise;
(ii) by reasonable liquidation of the Executive's assets, to the extent such
liquidation would not itself cause an immediate and heavy financial need; (iii)
by discontinuing the Executive's Salary Deferrals; or (iv) by borrowing from
commercial sources on reasonable commercial terms.

             (c) An Executive shall be prohibited from making any further Salary
Deferrals pursuant to the Plan for the remainder of the Plan Year in which a
withdrawal occurs pursuant to this Section 5.3.

         5.4 EARLY WITHDRAWAL. Notwithstanding any other provision of the Plan,
the Executive may withdraw up to ninety percent (90%) of the amount credited to
the Executive's Deferral Account and the amount so withdrawn shall be paid in a
single lump sum. Upon such withdrawal, the remaining ten percent (10%) of the
Executive's Deferral Account shall be forfeited and the Executive shall have no
further right thereto. An Executive shall be prohibited from making any further
Salary Deferrals pursuant to the Plan for the remainder of the Plan Year in
which a withdrawal occurs pursuant to this Section 5.4.

         5.5 TAX WITHHOLDING. All payments under this Article V shall be subject
to all applicable withholding for state and federal income tax and to any other
federal, state or local tax which may be applicable thereto.

                                                                            -7-
<Page>

                                   ARTICLE VI

                                  BENEFICIARIES

         6.1 DESIGNATION OF BENEFICIARY. The Executive shall have the right to
designate on such form as may be prescribed by the Committee, a Beneficiary to
receive any Benefits due under Article V which may remain unpaid at the
Executive's death and shall have the right at any time to revoke such
designation and to substitute another such Beneficiary.

         6.2 NO DESIGNATED BENEFICIARY. If, upon the death of the Executive,
there is no valid designation of Beneficiary, the Beneficiary shall be the
Executive's estate.

                                   ARTICLE VII

                        TRUST OBLIGATION TO PAY BENEFITS

         7.1 DEFERRALS HELD IN TRUST. An amount equal to Salary Deferral Amounts
of the Executive shall be transferred to the Trustee within thirty (30) days
after the applicable pay period to be held pursuant to the terms of the Trust
Agreement.

         7.2 BENEFITS PAID FROM TRUST. All benefits payable to Executive
hereunder shall be paid by the Trustee to the extent of the assets held in the
Trust by the Trustee, and by the Company to the extent the assets in the Trust
are insufficient to pay an Executive's Benefits as provided under this Plan.

         7.3 TRUSTEE INVESTMENT DISCRETION. The Deemed Investment Options shall
be for the sole purpose of determining the Credited Investment Return (Loss) and
neither the Trustee nor the Company shall have any obligation to invest the
Executives' Salary or Bonus Deferrals in the Deemed Investment Options or in any
other investment.

         7.4 NO SECURED INTEREST. Except as otherwise provided by the Trust
Agreement, the assets of the Trust, shall be subject to the claims of creditors
of the Company and neither any Executive nor any Beneficiary shall have any
legal or equitable interest in such assets or policies, or any other asset of
the Company. The Executive is a general unsecured creditor of the Company with
respect to the promises of the Company made herein, except as otherwise
expressly provided by the Trust Agreement.

                                  ARTICLE VIII

                                  MISCELLANEOUS

         8.1 The right of any Executive, any Beneficiary, or any other person to
the payment of any benefits under this Plan shall not be assigned, transferred,
pledged or encumbered.

         8.2 This Plan shall be binding upon and inure to the benefit of the
Company, its successors and assigns and the Executive and his or her heirs,
executors, administrators and legal representatives.

                                                                            -8-
<Page>

         8.3 Nothing contained herein shall be construed as conferring upon any
Executive the right to continue in the employ of the Company as an employee.

         8.4 If the Company, the Executive, any Beneficiary, or a successor in
interest to any of the foregoing, brings legal action to enforce any of the
provisions of this Plan, the prevailing party in such legal action shall be
reimbursed by the other party, the prevailing party's costs of such legal action
including, without limitation, reasonable fees of attorneys, accountants and
similar advisors and expert witnesses.

         8.5 Any dispute or claim relating to or arising out of this Plan shall
be fully and finally resolved by binding arbitration conducted by the American
Arbitration Association in Santa Clara County, California.

         8.6 This Plan shall be construed in accordance with and governed by the
laws of the State of California.

         8.7 This Plan constitutes the entire understanding and agreement with
respect to the subject matter contained herein, and there are no agreements,
understandings, restrictions, representations or warranties among any Executive
and the Company other than those as set forth or provided for herein.

         8.8 (a) This Plan may be amended by 3Com at any time in its sole
discretion by resolution by its Board; provided, however, that no amendment may
be made which would alter the irrevocable nature of an Election or which would
reduce the amount credited to an Executive's Deferral Account on the date of
such amendment; and provided further that no amendment which would affect the
Trustee's obligation may be made without the Trustee's consent.

             (b) Notwithstanding the foregoing paragraph or any other provision
in this Plan to the contrary, 3Com reserves the right to terminate the Plan in
its entirety at any time upon fifteen (15) days notice to the Executives. If the
Plan is terminated, all benefits shall be paid pursuant to the provisions of
Section 5.2(a) as if such Executive had voluntarily terminated Employment on the
date of Plan termination. Any amounts remaining in the Trust after all benefits
have been paid shall revert to the Company.

         IN WITNESS WHEREOF, 3Com has caused this Plan to be amended and
restated by a duly authorized officer effective as of July 15, 2003. This Plan
was originally effective as of the Effective Date.

                                        3COM CORPORATION

                                        By:
                                           ------------------------------------

                                                                            -9-<Page>

                                                                     Exhibit 4.4

                                                               EXECUTION VERSION

                          THIRD SUPPLEMENTAL INDENTURE

     THIS THIRD SUPPLEMENTAL INDENTURE dated as of July 13, 2004 among The
Hockey Company, a Delaware corporation (the "COMPANY"), Sport Maska Inc., a New
Brunswick corporation (the "SUBSIDIARY ISSUER", and together with the Company,
the "Issuers"), the Guarantors (as defined in the Indenture referred to herein),
and The Bank of New York, as trustee under the Indenture referred to below (the
"TRUSTEE").

     WHEREAS, the Issuers and certain of the Guarantors have heretofore executed
and delivered to the Trustee an indenture dated as of April 3, 2002 (as such
indenture has been supplemented and amended to date, the "EXISTING INDENTURE",
and the Existing Indenture, as it may from time to time be supplemented or
amended by one or more additional indentures supplemental thereto entered into
pursuant to the applicable provisions thereof, being hereinafter called the
"INDENTURE"), providing for the issuance of 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 the Subsidiary Issuer (the
"SUBSIDIARY ISSUER NOTES" and, together with the Parent Notes, the "NOTES");

     WHEREAS, the Issuers and certain of the Guarantors have heretofore executed
and delivered to the Trustee supplemental indentures dated as of May 22, 2003
providing for the unconditional guarantee all of the Company's Obligations under
the Notes and the Indenture on the terms and conditions set forth therein and to
clarify the defined term "Change of Control";

     WHEREAS, the Issuers and the Guarantors propose to amend the Existing
Indenture and the Notes (the "PROPOSED AMENDMENTS"), as contemplated hereby;

     WHEREAS, the Issuers have obtained the consent of the Holders of the Notes
pursuant to the Offer to Purchase and Consent Solicitation Statement dated June
25, 2004, as amended, supplemented or modified (the "CONSENT SOLICITATION
STATEMENT"), to the Proposed Amendments upon the terms and subject to the
conditions set forth therein;

     WHEREAS, pursuant to Section 9.02 of the Indenture, the Issuers and the
Guarantors may amend or supplement the Indenture and the Notes as contemplated
hereby provided that the Holders of at least a majority in aggregate principal
amount of Notes then outstanding have consented;

     WHEREAS, the Issuers have received and delivered to the Trustee the consent
of the Holders of at least a majority in aggregate principal amount of the Notes
to the Proposed Amendments;

     WHEREAS, each of the Issuers and each Guarantor has been authorized by a
resolution of its respective board of directors to enter into this Third
Supplemental Indenture;

<Page>

     WHEREAS, all other acts and proceedings required by law, by the Existing
Indenture and by the respective certificate of incorporation and by-laws of the
Issuers and the Guarantors to make this Third Supplemental Indenture a valid and
binding agreement for the purposes expressed herein, in accordance with its
terms, have been duly done and performed;

     WHEREAS, pursuant to Section 9.06, the Trustee is authorized to execute and
deliver this Third Supplemental Indenture;

     WHEREAS, the terms of this Third Supplemental Indenture will become
operative (the "OPERATIVE DATE") on the Initial Payment Date (as defined in the
Consent Solicitation Statement) (the "TENDER OFFER CONDITION"); and

     WHEREAS, the terms of this Third Supplemental Indenture shall be null and
void if the Tender Offer Condition does not occur.

     NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH:

     That, for and in consideration of the premises herein contained and in
order to effect the proposed amendments contained in the Consent Solicitation
Statement, pursuant to Sections 9.02 and 9.06 of the Existing Indenture, the
Issuers and the Guarantors agree with the Trustee as follows:

                                    ARTICLE 1

                    AMENDMENT OF EXISTING INDENTURE AND NOTES

     1.1.    AMENDMENT OF EXISTING INDENTURE. Effective as of the Operative
Date, this Third Supplemental Indenture amends the Existing Indenture as
provided for herein. If the Operative Date does not occur, then the terms of
this Third Supplemental Indenture shall be null and void and the Existing
Indenture shall continue in full force and effect without any modification
hereby.

     1.2.    AMENDMENT OF SECTION 1.01. Pursuant to Section 9.02 of the Existing
Indenture, Section 1.01 of the Existing Indenture is hereby amended by deleting
in their entirety the definitions of "Acquired Indebtedness," "Affiliate
Transaction," "Asset Acquisition," "Asset Sale," "Capitalized Lease Obligation,"
"Cash Equivalents," "Consolidated EBITDA," "Consolidated Fixed Charge Coverage
Ratio," "Consolidated Fixed Charges," "Consolidated Interest Expense,"
"Consolidated Net Income," "Consolidated Net Worth," "Consolidated Non-cash
Charges," "Credit Agreement," "Credit Facilities," "Currency Agreement,"
"European Credit Agreement," "Incur," "Independent Financial Advisor," "Interest
Swap Obligations," "Investment," "Net Cash Proceeds," "Net Proceeds Offer," "Net
Proceeds Offer Amount," "Net Proceeds Offer Payment Date," "Net Proceeds Offer
Trigger Date," "Permitted Indebtedness," "Permitted Investments," "Permitted
Liens," "Proceeds Purchase Date," "Purchase Money Indebtedness," "Reference
Date," "Refinance," "Refinancing Indebtedness,"

                                        2
<Page>

"Restricted Payment," "Sale and Leaseback Transaction," "Surviving Entity," and
"Weighted Average Life to Maturity" contained in the Existing Indenture.

     1.3.    AMENDMENT OF SECTION 4.03. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.02 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.03.         [INTENTIONALLY OMITTED].

     1.4.    AMENDMENT OF SECTION 4.04. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.04 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

 SECTION 4.04.        [INTENTIONALLY OMITTED].

     1.5.    AMENDMENT OF SECTION 4.05. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.05 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.05.         [INTENTIONALLY OMITTED].

     1.6.    AMENDMENT OF SECTION 4.06. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.06 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.06.         [INTENTIONALLY OMITTED].

     1.7.    AMENDMENT OF SECTION 4.07. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.06 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.07.         [INTENTIONALLY OMITTED].

     1.8.    AMENDMENT OF SECTION 4.08. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.08 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.08.         [INTENTIONALLY OMITTED].

     1.9.    AMENDMENT OF SECTION 4.09. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.09 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.09.         [INTENTIONALLY OMITTED].

     1.10.   AMENDMENT OF SECTION 4.10. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.10 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

                                        3
<Page>

SECTION 4.10.         [INTENTIONALLY OMITTED].

     1.11.   AMENDMENT OF SECTION 4.11. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.11 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.11.         [INTENTIONALLY OMITTED].

     1.12.   AMENDMENT OF SECTION 4.12. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.12 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.12.         [INTENTIONALLY OMITTED].

     1.13.   AMENDMENT OF SECTION 4.13. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.13 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.13.         [INTENTIONALLY OMITTED].

     1.14.   AMENDMENT OF SECTION 4.16. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.16 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.16.         [INTENTIONALLY OMITTED].

     1.15.   AMENDMENT OF SECTION 4.18. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.18 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.18          [INTENTIONALLY OMITTED].

     1.16.   AMENDMENT OF SECTION 4.19. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.19 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.19.         [INTENTIONALLY OMITTED].

     1.17.   AMENDMENT OF SECTION 4.20. Pursuant to Section 9.02 of the Existing
Indenture, Section 4.20 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 4.20.         [INTENTIONALLY OMITTED].

     1.18.   AMENDMENT OF SECTION 5.01. Pursuant to Section 9.02 of the Existing
Indenture, Section 5.01 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

                                        4
<Page>

SECTION 5.01.         [INTENTIONALLY OMITTED].

     1.19.   AMENDMENT OF SECTION 5.02. Pursuant to Section 9.02 of the Existing
Indenture, Section 5.02 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 5.02.         SUCCESSOR CORPORATION SUBSTITUTED.

     Upon any consolidation, combination or merger or any transfer of all or
substantially all of the assets of an Issuer, the successor Person formed by
such consolidation or into which that Issuer is merged or to which such
conveyance, lease or transfer is made shall succeed to, and be substituted for,
and may exercise every right and power of, that Issuer under this Indenture, the
Notes and the Units with the same effect as if such surviving entity had been
named as such.

     1.20.   AMENDMENT OF SECTION 6.01. Pursuant to Section 9.02 of the Existing
Indenture, Section 6.01 of the Existing Indenture is hereby amended and restated
in its entirety to read as follows:

SECTION 6.01. EVENTS OF DEFAULT

     Each of the following constitutes an "EVENT OF DEFAULT":

             (1)   the Company or Subsidiary Issuer fails to pay interest on any
     Notes included in a Unit when the same becomes due and payable and the
     Default continues for a period of 30 days;

             (2)   the Company or Subsidiary Issuer fails to pay the principal
     on any Notes included in a Unit, when such principal becomes due and
     payable, at maturity, upon redemption or otherwise;

             (3)   [INTENTIONALLY OMITTED];

             (4)   [INTENTIONALLY OMITTED];

             (5)   [INTENTIONALLY OMITTED];

             (6)   the Company, the Subsidiary Issuer or any Significant
     Subsidiary (A) commences a voluntary case or proceeding under any
     Bankruptcy Law with respect to itself, (B) consents to the entry of a
     judgment, decree or order for relief against it in an involuntary case or
     proceeding under any Bankruptcy Law, (C) consents to the appointment of a
     Custodian of it or for substantially all of its property, (D) consents to
     or acquiesces in the institution of a bankruptcy or an insolvency
     proceeding against it, (E) makes a general assignment for the benefit of
     its creditors, or (F) takes any corporate action to authorize or effect any
     of the foregoing;

                                        5
<Page>

             (7)   a court of competent jurisdiction enters a judgment, decree
     or order for relief in respect of the Company, the Subsidiary Issuer or any
     Significant Subsidiary in an involuntary case or proceeding under any
     Bankruptcy Law, which shall (A) approve as properly filed a petition
     seeking reorganization, arrangement, adjustment or composition in respect
     of the Company, the Subsidiary Issuer or any Significant Subsidiary, (B)
     appoint a Custodian of the Company, the Subsidiary Issuer or any
     Significant Subsidiary or for substantially all of its property or (C)
     order the winding-up or liquidation of its affairs; and such judgment,
     decree or order shall remain unstayed and in effect for a period of 60
     consecutive days;

             (8)   any Collateral Agreement at any time for any reason shall
     cease to be in full force and effect, or ceases to give the Collateral
     Agent the Liens, rights, powers and privileges purported to be created
     thereby, superior to and prior to the rights of all third Persons other
     than the holders of Permitted Liens and subject to no other Liens except as
     expressly permitted by the Indenture, or any judgment creditor having a
     Lien against any Collateral commences legal action to foreclose such Lien
     or otherwise exercise its remedies against any Collateral and the value of
     the claim of such creditor is greater than $1.5 million; or

             (9)   any Guarantee of a Significant Subsidiary ceases to be in
     full force and effect or any Guarantee of a Significant Subsidiary is
     declared to be null and void and unenforceable or any Guarantee of a
     Significant Subsidiary is found to be invalid or any Guarantor that is a
     Significant Subsidiary denies its liability under its Guarantee (other than
     by reason of release of a Guarantor in accordance with the terms of this
     Indenture).

     1.21.   AMENDMENT OF SECTION 8.01(d). Pursuant to Section 9.02 of the
Existing Indenture, Section 8.01(d) of the Existing Indenture is hereby amended
and restated in its entirety to read as follows:

     (d)     The following shall be the conditions to application of either
paragraph (b) or paragraph (c) above to the outstanding Notes:

             (1)   The Issuers shall have irrevocably deposited in trust with
       the Trustee, pursuant to an irrevocable trust and security agreement in
       form and substance reasonably satisfactory to the Trustee, U.S. Legal
       Tender or U.S. Government Obligations or a combination thereof in such
       amounts and at such times as are sufficient, in the opinion of any
       Officer of the Issuers, as set out in an Officers' Certificate, to pay
       the principal of and interest on the outstanding Notes to maturity or
       redemption, in each case not later than one day before the due date of
       any payment; provided, however, that the Trustee (or other qualifying
       trustee) shall have received an irrevocable written order from the
       Issuers instructing the Trustee (or other qualifying trustee) to apply
       such U.S. Legal Tender or the proceeds of such U.S. Government
       Obligations to said payments with respect to the Notes to maturity or
       redemption;

                                        6
<Page>

             (2)   [INTENTIONALLY OMITTED];

             (3)   Such Legal Defeasance or Covenant Defeasance shall not result
       in a Default under this Indenture or a breach or violation of, or
       constitute a default under, this Indenture;

             (4)   [INTENTIONALLY OMITTED];

             (5)   [INTENTIONALLY OMITTED];

             (6)   [INTENTIONALLY OMITTED];

             (7)   The Issuers have jointly delivered to the Trustee an
       Officers' Certificate and an Opinion of Counsel, each stating that all
       conditions precedent specified herein relating to the defeasance
       contemplated by this Section 8.01 have been complied with.

       In the event all or any portion of the Notes, as Units, are to be
       redeemed through such irrevocable trust, the Issuers must make
       arrangements reasonably satisfactory to the Trustee, at the time of such
       deposit, for the giving of the notice of such redemption or redemptions
       by the Trustee in the name and at the expense of the Issuers.

     1.22.   AMENDMENT OF SECTION 12.05. Pursuant to Section 9.02 of the
Existing Indenture, Section 12.05 of the Existing Indenture is hereby amended
and restated in its entirety to read as follows:

SECTION 12.05.        SPECIFIED RELEASES OF COLLATERAL.

     (a)     The Issuers shall be entitled to obtain a full release of items of
Collateral (the "Released Interests") from the Security Interests created by
this Indenture, the Notes and the Collateral Agreements upon compliance with the
conditions precedent set forth in Sections 8.01 or 8.02 of this Indenture, the
applicable Collateral Agreements and to the extent applicable, the Intercreditor
Agreement. So long as no Default or Event of Default exists, upon the request of
the Issuers and the furnishing of each of the items required by Section
12.05(b), the Collateral Agent upon the direction of the Trustee (or the Trustee
if acting as Collateral Agent) shall forthwith take such action (at the request
of and the expense of the Issuers, without recourse or warranty and without any
representation of any kind), including the execution of appropriate UCC-3
termination statements, to release and reconvey to the Issuers all of the
Released Interests, and shall deliver such Released Interests in its possession
to the Issuers and their applicable Subsidiary Guarantors.

     (b)     So long as no Default or Event of Default exists, the Issuers shall
be entitled to obtain a release of, and the Collateral Agent and the Trustee
shall release, the Released Interests upon compliance with the condition
precedent that the Issuers shall have satisfied all applicable conditions
precedent to any such release set forth in this Indenture, the applicable
Collateral Agreements and to the extent applicable, the

                                        7
<Page>

Intercreditor Agreement as set forth in an Officers' Certificate and an Opinion
of Counsel delivered to the Trustee and shall have delivered to the Trustee and
the Collateral Agent the following, as applicable:

             (i)   [INTENTIONALLY DELETED];

             (ii)  [INTENTIONALLY DELETED];

             (iii) [INTENTIONALLY DELETED];

             (iv)  to the extent required by the TLA, an Officers' Certificate
             of the Issuers and an Opinion of Counsel certifying that all
             conditions precedent to the release of the Released Interests have
             been met and that such release complies with the terms and
             conditions of this Indenture, the applicable Collateral Agreements
             and to the extent applicable, the Intercreditor Agreement; and

             (v)   all applicable certificates, opinions and other documentation
             required by the TIA or this Indenture, if any.

     Upon compliance by the Issuers with the conditions precedent set forth
above, the Trustee shall cause to be released and reconveyed, without recourse
and without representation or warranty of any kind, to the Issuers, the Released
Interests.

     1.23.   AMENDMENT TO THE NOTES. Pursuant to Section 9.02 of the Existing
Indenture, Section 15 of the Notes is hereby deleted in its entirety.

                                    ARTICLE 2

                                   THE TRUSTEE

     2.1.    PRIVILEGES AND IMMUNITIES OF TRUSTEE. The Trustee accepts the
amendment of the Indenture and the Notes effected by this Third Supplemental
Indenture but only upon the terms and conditions set forth in the Indenture,
including the terms and provisions defining and limiting the liabilities and
responsibilities of the Trustee, which terms and provisions shall in like manner
define and limit its liabilities and responsibilities in the performance of the
trust created by the Indenture as hereby amended. The Trustee shall not be
responsible for the adequacy or sufficiency of the Third Supplemental Indenture,
for the due execution thereof by the Company and the Guarantors or for the
recitals contained herein, which are the Company's and the Guarantors'
responsibilities.

                                    ARTICLE 3

                            MISCELLANEOUS PROVISIONS

                                        8
<Page>

     3.1.    INSTRUMENTS TO BE READ TOGETHER. This Third Supplemental Indenture
is an indenture supplemental to and in implementation of the Existing Indenture,
and said Existing Indenture and this Third Supplemental Indenture shall
henceforth be read together.

     3.2.    CONFIRMATION. The Existing Indenture as amended and supplemented by
this Third Supplemental Indenture is in all respects confirmed and preserved.

     3.3.    TERMS DEFINED. Capitalized terms used herein without definition
shall have the meanings assigned to them in the Existing Indenture.

     3.4.    COUNTERPARTS. This Third Supplemental Indenture may be signed in
any number of counterparts each of which so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the
same instrument.

     3.5.    EFFECT OF HEADINGS. The Section headings herein are for convenience
only and shall not affect the construction hereof.

     3.6.    EFFECTIVENESS. The provisions of this Third Supplemental Indenture
will take effect immediately upon execution thereof by the parties hereto on the
Operative Date of this Third Supplemental Indenture. If the Tender Offer
Condition does not occur, the terms of this Third Supplemental Indenture shall
be null and void.

     3.7.    GOVERNING LAW. The internal law of the State of New York shall
govern and be used to construe this Third Supplemental Indenture without giving
effect to applicable principles of conflicts of law to the extent that the
application of the laws of another jurisdiction would be required thereby. This
Third Supplemental Indenture is subject to the provisions of the Trust Indenture
Act that are required to be part of the Indenture and shall, to the extent
applicable, be governed by such provisions.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

                                        9
<Page>

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

                                          THE HOCKEY COMPANY

                                          By: /s/ R. Desrosiers
                                             -----------------------------
                                          Name:
                                          Title:

                                          SPORT MASKA INC.

                                          By: /s/ R. Desrosiers
                                             -----------------------------
                                          Name:
                                          Title:

                                          SPORTS HOLDINGS CORP.

                                          By: /s/ R. Desrosiers
                                             -----------------------------
                                          Name:
                                          Title:

                                          MASKA U.S., INC.

                                          By: /s/ R. Desrosiers
                                             -----------------------------
                                          Name:
                                          Title:

                                          SLM TRADEMARK ACQUISITION CORP.

                                          By: /s/ R. Desrosiers
                                             -----------------------------
                                          Name:
                                          Title:

<Page>

                                          WAP HOLDINGS INC.

                                          By: /s/ R. Desrosiers
                                             -----------------------------
                                          Name:
                                          Title:

                                          SLM TRADEMARK ACQUISITION
                                          CANADA CORP.

                                          By: /s/ R. Desrosiers
                                             -----------------------------
                                          Name:
                                          Title:

                                          JOFA AB

                                          By: /s/ M.A. O'Toole
                                             -----------------------------
                                          Name:
                                          Title:

                                          JOFA HOLDING AB

                                          By: /s/ M.A. O'Toole
                                             -----------------------------
                                          Name:
                                          Title:

                                          NORDIC HOCKEY COMPANY AB

                                          By: /s/ M.A. O'Toole
                                             -----------------------------
                                          Name:
                                          Title:

<Page>

                                          THE BANK OF NEW YORK,
                                          AS TRUSTEE

                                          By: /s/ Luis Perez
                                             -----------------------------
                                          Name:         LUIS PEREZ
                                          Title: ASSISTANT VICE PRESIDENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}]]