EXHIBIT 10.26 THE ROBERSON COMPANY SINCE 1963 FAX TRANSMISSION FROM THE DESK OF: JAMES D. ROBERSON DATE: 2/1/97 TO: DICK MORA COASTCAST CORPORATION FAX NUMBER: 310-631-3715 PHONE NUMBER: - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Pages: 1 Re: SERP Amendment SECOND AMENDMENT TO COASTCAST CORPORATION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN Whereas, the Company desires to credit Mr. Richard Mora with a new schedule for purposes of the vesting of benefits provided by the Coastcast Corporation Supplemental Executive Retirement Plan. Now, therefore, for purposes of calculating the Target Retirement Benefits under paragraph 3.1 of the Plan and for all other purposes under the Plan, Richard W. Mora shall be credit with two (2) Years of Participation, each year, as such term is defined in paragraph 1.16 of the Plan. COASTCAST CORPORATION By /s/Hans H. Buehler -------------------- Its Chairman CEO -------------------- Date 2-18-97 -------------------- 4199 CAMPUS DRIVE, SUITE 730, IRVINE, CALIFORNIA 92612-2698 VOICE: (714) 509-2940 FAX: (714) 509-2945