Exhibit 10.17 AMENDMENT NO. 8 TO LOAN AGREEMENT

Exhibit 10.17

This Amendment No. 8 (the "Amendment") dated as of April 19, 2007, is between Bank of America, N.A. (the "Bank") and Sport Chalet, Inc. (the "Borrower").

A. The Bank and the Borrower entered into a certain Business Loan Agreement dated as of June 19, 1998 (together with any previous amendments, the "Agreement").

B. The Bank and the Borrower desire to amend the Agreement.

1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meaning given to them in the Agreement.

 

2. Amendments. The Agreement is hereby amended as follows:

2.1

Paragraph 2.1(a) of the Agreement is hereby amended to read in its entirety as follows:

“(a)

During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the 'Commitment') from the date of Amendment No. 8 through June 30, 2007 will be Twenty Five Million and 00/100 Dollars ($25,000,000.00). From July 1, 2007 and thereafter, the amount of the line credit will be Twenty Million and 00/100 Dollars ($20,000,000.00), provided, however, that the Commitment shall be Thirty Five Million and 00/100 Dollars ($35,000,000.00) during the period of October 1 through and including December 31 of each year.”

3. Representations and Warranties. When the Borrower signs this Amendment, the Borrower represents and warrants to the Bank that: (a) there is no event which is, or with notice or lapse of time or both would be, a default under the Agreement except those events, if any, that have been disclosed in writing to the Bank or waived in writing by the Bank (b) the representations and warranties in the Agreement are true as of the date of this Amendment as if made on the date of this Amendment, (c) this Amendment does not conflict with any law, agreement, or obligation by which the Borrower is bound, and (d) if the Borrower is a business entity or a trust, this Amendment is within the Borrower's powers, has been duly authorized, and does not conflict with any of the Borrower's organizational papers.

 

4. Effect of Amendment. Except as provided in this Amendment, all of the terms and conditions of the Agreement shall remain in full force and effect.

 

5. Counterparts. This Amendment may be executed in counterparts, each of which when so executed shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument.

 

 

This Amendment is executed as of the date stated at the beginning of this Amendment.

 

	BANK:
	Bank of America, N.A.
	By:	Matthew Koenig,
		Authorized Signer