<SEC-DOCUMENT>0001144204-12-048180.txt : 20120928
<SEC-HEADER>0001144204-12-048180.hdr.sgml : 20120928
<ACCEPTANCE-DATETIME>20120827163918
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001144204-12-048180
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20120827

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Black Diamond, Inc.
		CENTRAL INDEX KEY:			0000913277
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3949]
		IRS NUMBER:				581972600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2084 EAST 3900 SOUTH
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84124
		BUSINESS PHONE:		801-278-5552

	MAIL ADDRESS:	
		STREET 1:		2084 EAST 3900 SOUTH
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CLARUS CORP
		DATE OF NAME CHANGE:	19980911

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SQL FINANCIALS INTERNATIONAL INC /DE/
		DATE OF NAME CHANGE:	19980911
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BLACK DIAMOND, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">2084 EAST 3900 SOUTH</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SALT LAKE CITY, UTAH 84124</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(801) 278-5552</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: right">August 27, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>VIA EDGAR</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 0.5in; text-align: left">Re:</TD><TD STYLE="text-align: justify">Black Diamond, Inc.<br>Form 10-K for the Fiscal Year Ended December
31, 2011<br>Filed March 6, 2012<br>File No. 1-34767</P>

</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Sirs:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hereby submit in
electronic format with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;), pursuant to the Securities Exchange
Act of 1934, as amended (the &ldquo;Act&rdquo;), the Company&rsquo;s responses to the Commission&rsquo;s letter of comment dated
August 13, 2012 (the &ldquo;Staff Letter&rdquo;), which are set forth on <U>Schedule A</U> hereto and have been listed in the order
of the comments from the Staff Letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We also hereby submit
on <U>Schedule B</U> hereto the acknowledgment of the Company as required by the Staff Letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.75in; text-indent: 0.5in"><U>/s/ Robert Peay&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.75in; text-indent: 0.5in">Robert Peay</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.75in; text-indent: 0.5in">Chief Financial Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cc: David R. Humphrey</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: center"><B><U>Schedule A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><B><U>Form 10-K for the
Fiscal Year Ended December 31, 2011 </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><FONT STYLE="color: black"><B><U>Management</U></B></FONT><B><U><FONT STYLE="color: #191919">&rsquo;</FONT><FONT STYLE="color: black">s
Discussion and Analysis, page 27 </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><B><U>Results of Operations
</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><B><U>Consolidated Year
Ended December 31, 2011 Compared to Combined Year Ended December 31, 2010, page 29 </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15.8pt 0pt 29.55pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: black"><B>We note that you have combined the results of the predecessor with
those of the successor (on a stepped-up basis) for fiscal 2010 and for period</B></FONT><B><FONT STYLE="color: #191919">s </FONT><FONT STYLE="color: black">prior
thereto. We also note your repre</FONT><FONT STYLE="color: #191919">s</FONT><FONT STYLE="color: black">entation that </FONT><FONT STYLE="color: #191919">&ldquo;</FONT><FONT STYLE="color: black">sales
and most operating cost items are substantially consistent with those reflected by the Predecessor.</FONT><FONT STYLE="color: #191919">&rdquo;
</FONT><FONT STYLE="color: black">However</FONT><FONT STYLE="color: #191919">, </FONT><FONT STYLE="color: black">as the results
of operations for these fiscal periods have not been prepared on a consistent basis</FONT><FONT STYLE="color: #191919">, </FONT><FONT STYLE="color: black">we
are not per</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">uaded that the re</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ult</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">of the predece</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">or and
the </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ucce</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">or
ma</FONT><FONT STYLE="color: #060606">y </FONT><FONT STYLE="color: black">be combined for purpo</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">of </FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">our comparative di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">.
We would re</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">ard the combined fi</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">ure
to repre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ent a non-GAAP financi</FONT><FONT STYLE="color: #060606">a</FONT><FONT STYLE="color: black">l
mea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ure. For the</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e
rea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">on</FONT><FONT STYLE="color: #060606">s, </FONT><FONT STYLE="color: black">in
future filin</FONT><FONT STYLE="color: #060606">gs </FONT><FONT STYLE="color: black">and amendment</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">thereto</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e
eliminate an</FONT><FONT STYLE="color: #060606">y </FONT><FONT STYLE="color: black">numerical pre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">entation</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">or di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">that combine the re</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ult</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">of the predece</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">or and
the </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ucce</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">or
on a </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tepped-up ba</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">.
In</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tead</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e
compare the balance</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">for the </FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">ear</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">ended December 31</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">2011
and 2011 a</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">pre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ented
in </FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">our audited hi</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">torical
income </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tatement</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">on
pa</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">e 44. We will not object if </FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">ou
wi</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">h to </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">upplement
thi</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion
with a di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion
ba</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ed on pro forma financial information for 2010. In that
ca</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">the
pro forma financial information </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">hould be prepared and pre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ented
in a format con</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tent
with Arti</FONT><FONT STYLE="color: #060606">c</FONT><FONT STYLE="color: black">le II of Re</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">ulation
S-X. In addition</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">an</FONT><FONT STYLE="color: #060606">y
</FONT><FONT STYLE="color: black">di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion
of pro forma financial information </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">hould not be pre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ented
with </FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">reater prominence than the di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion
of the hi</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">torical financial </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tatement</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">required b</FONT><FONT STYLE="color: #060606">y </FONT><FONT STYLE="color: black">Item 303 of
Re</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">ulation S-K. Your pre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">entation
of ca</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">h flow</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">on
pa</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">e 35 </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">hould
al</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">o not be pre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ented
on a combined ba</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">.
</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><FONT STYLE="color: black">Black
Diamond, Inc. (the &ldquo;Company&rdquo;) notes the Staff&rsquo;s comment and, in response to this comment, advises the Staff
that in preparing the Company&rsquo;s Management&rsquo;s Discussion and Analysis (&ldquo;MD&amp;A&rdquo;) as contained in the
Company&rsquo;s Annual Report on Form 10-K filed with the Commission on March 6, 2012 (the &ldquo;Form 10-K&rdquo;), the
Company combined the results of the predecessor with those of the Company to provide a combined view of the results of
operations and discussion of cash flows because the Company had no operations at the time of our acquisition of Black Diamond
Equipment Ltd. (&ldquo;Black Diamond Equipment&rdquo;) and as a result, Black Diamond Equipment is considered to be
our predecessor company for financial reporting purposes. The predecessor does not include Gregory Mountain Products, LLC
(&ldquo;GMP&rdquo;). The Company further advises the Staff that the financial results and cash flows presented for both
the predecessor and the Company were prepared in accordance with U.S. generally accepted accounting
principles (&ldquo;GAAP&rdquo;). In preparing the MD&amp;A, the Company considered </FONT>Item 303(a) of Regulation S-K, <FONT STYLE="color: black">specifically
instruction 1, noting the intent of this guidance is to provide the reader with an enhanced understanding of
the Company&rsquo;s financial condition, changes in financial condition and results of operations. The Company believes
the presentation of the combined results and cash flows provides the most fair and useful presentation for a
reader&rsquo;s understanding of the operations of the Company because the combined balances for the year ended December 31,
2010 and periods prior thereto are prepared consistently, and by including the five months ended May 28, 2010 of the
predecessor&rsquo;s results, we are able to show a full 12-month period of operations, which becomes more comparable with the
12-month period of operations presented for the year ended December 31, 2011 &ndash; which in the Company&rsquo;s judgment
enhances a reader&rsquo;s understanding of the Company&rsquo;s financial condition, changes in financial condition and
results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">The Company accounted for the
acquisition of Black Diamond Equipment in accordance with ASC Topic 805, <I>Business Combinations</I>, which requires an acquirer
to recognize, separately from goodwill, the identifiable assets acquired and liabilities assumed, and to measure these items at
their acquisition-date fair values. The Company&rsquo;s use of the term &ldquo;stepped up basis&rdquo; simply refers to the fair
market adjustment required under GAAP to adjust inventory up to fair market value for purchase accounting.&nbsp; This increase
reflects the estimated fair value of inventory at an expected sales price less the cost to sell plus a reasonable profit margin
and is a normal and required purchase accounting entry under ASC 805, <I>Business Combinations</I>.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 40.5pt; text-align: justify">The Company confirms to
the Staff that i<FONT STYLE="color: black">n future filings and amendments thereto, we will no longer use the term &ldquo;stepped
up basis,&rdquo; and will refer to this adjustment as a &ldquo;purchase accounting fair market value inventory adjustment.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">In the Form 10-K, we disclose
that &ldquo;sales and most operating cost items are substantially consistent with those reflected by the Predecessor.&rdquo;&nbsp;
In fact, sales and most operating cost items are entirely consistent&nbsp;with those reflected by the predecessor.&nbsp;The main
difference between the presentation lies not in the consistency, but the fact that GMP is not reflected in the combined numbers
as stated on page 29 of the Form 10-K. In the Form 10-K, we disclose:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&ldquo;The following presents
a discussion of consolidated operations for the year ended December 31, 2011, compared with the combined year ended December 31,
2010. The combined year ended December 31, 2010 represents the results of the Company for the year ended December 31, 2010, and
the results of the Predecessor for the period from January 1, 2010 through May 28, 2010, the closing date of the Mergers. The Predecessor
does not include GMP.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">The Company confirms to the
Staff that i<FONT STYLE="color: black">n future filings and amendments thereto, we will eliminate the word &ldquo;substantially,&rdquo;
as the Company believes that sales and most operating cost items are consistent with GAAP. &nbsp; </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: black"><B>See </B></FONT><B><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">our
di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion
para</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">raph</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">of
Co</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">t of Good</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">Sold
and Gro</FONT><FONT STYLE="color: #060606">ss </FONT><FONT STYLE="color: black">Profit. In future filin</FONT><FONT STYLE="color: #060606">gs</FONT><FONT STYLE="color: #464646">/</FONT><FONT STYLE="color: black">amendment</FONT><FONT STYLE="color: #060606">s,
</FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e omit the third </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">entence</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">that be</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">in with </FONT><FONT STYLE="color: #060606">&ldquo;</FONT><FONT STYLE="color: black">ex</FONT><FONT STYLE="color: #060606">c</FONT><FONT STYLE="color: black">ludin</FONT><FONT STYLE="color: #060606">g,&rdquo;
</FONT><FONT STYLE="color: black">or revi</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e to di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">clo</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e
the impact of the acqui</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ition-r</FONT><FONT STYLE="color: #060606">e</FONT><FONT STYLE="color: black">lated
fair value adju</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tment without providin</FONT><FONT STYLE="color: #060606">g
</FONT><FONT STYLE="color: black">non-</FONT><FONT STYLE="color: #060606">G</FONT><FONT STYLE="color: black">AAP total</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">or mar</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">in</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">of Co</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">t of Good</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">S</FONT><FONT STYLE="color: #060606">o</FONT><FONT STYLE="color: black">ld and Gro</FONT><FONT STYLE="color: #060606">ss
</FONT><FONT STYLE="color: black">Profit. </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 40.5pt; text-align: justify">The Company notes the Staff&rsquo;s
comment and, in response to this comment, confirms that in future filings or amendments thereto, the Company will <FONT STYLE="color: black">omit</FONT>
<FONT STYLE="color: black">the third sentence currently contained in the Form 10-K that be</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">in
with </FONT><FONT STYLE="color: #060606">&ldquo;</FONT><FONT STYLE="color: black">ex</FONT><FONT STYLE="color: #060606">c</FONT><FONT STYLE="color: black">ludin</FONT><FONT STYLE="color: #060606">g,&rdquo;
</FONT><FONT STYLE="color: black">or will di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">clo</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e
the impact of the acqui</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ition-r</FONT><FONT STYLE="color: #060606">e</FONT><FONT STYLE="color: black">lated
fair value adju</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tment without providin</FONT><FONT STYLE="color: #060606">g
</FONT><FONT STYLE="color: black">non-</FONT><FONT STYLE="color: #060606">G</FONT><FONT STYLE="color: black">AAP total</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">or mar</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">in</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">of Co</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">t of Good</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">S</FONT><FONT STYLE="color: #060606">o</FONT><FONT STYLE="color: black">ld and Gro</FONT><FONT STYLE="color: #060606">ss
</FONT><FONT STYLE="color: black">Profit.<B> </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 4.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 4.35pt; text-align: justify"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 4.35pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 4.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 4.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 4.35pt; text-align: justify"><FONT STYLE="color: black"><B><U>Liquidity
and Capital Re</U></B></FONT><B><U><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ource</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">,
page 35 </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.45pt 0pt 4.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.5pt 0pt 4pt; text-align: justify"><FONT STYLE="color: black"><B><U>Net
Ca</U></B></FONT><B><U><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">h From Operating Activitie</FONT><FONT STYLE="color: #060606">s,
</FONT><FONT STYLE="color: black">page 35 </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.5pt 0pt 4pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.4pt"></TD><TD STYLE="width: 35.6pt"><FONT STYLE="color: black"><B>3.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 2.1pt"><FONT STYLE="color: black"><B>We note </B></FONT><B><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">our
di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">clo</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ure
on the non-</FONT><FONT STYLE="color: #060606">G</FONT><FONT STYLE="color: black">AAP mea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ure
free ca</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">h flow. In future filin</FONT><FONT STYLE="color: #060606">gs,
</FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e expand to provide
a reconciliation of how this amount was computed for each period pre</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ented</FONT><FONT STYLE="color: #060606">,
</FONT><FONT STYLE="color: black">de</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cribe how thi</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">mea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ure i</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">u</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ed b</FONT><FONT STYLE="color: #060606">y
</FONT><FONT STYLE="color: black">the Compan</FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">. Refer to Compliance
and Di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">closure Interpretation</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">(</FONT><FONT STYLE="color: #060606">&ldquo;</FONT><FONT STYLE="color: black">C&amp;DI</FONT><FONT STYLE="color: #060606">&rsquo;s&rdquo;),
</FONT><FONT STYLE="color: black">Non-GAAP Financial Mea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ure</FONT><FONT STYLE="color: #060606">s,
</FONT><FONT STYLE="color: black">Section 102</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">Que</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tion
102.0</FONT><FONT STYLE="color: #060606">7</FONT><FONT STYLE="color: black">. </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 40pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 40.5pt; text-align: justify">The Company notes the Staff&rsquo;s
comment and, in response to this comment, confirms that to the extent the Company discloses free cash flow in future filings, the
Company will provide a reconciliation of how this amount was computed for each period presented as well as describe how this measure
is used by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.1pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.5pt 0pt 4pt; text-align: justify"><FONT STYLE="color: black"><B><U>Contractual
</U></B></FONT><B><U><FONT STYLE="color: #060606">o</FONT><FONT STYLE="color: black">bligation</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">,
page 3</FONT><FONT STYLE="color: #060606">7 </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.5pt 0pt 4pt; text-align: justify; color: #060606"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4pt"></TD><TD STYLE="width: 36.35pt"><FONT STYLE="color: black"><B>4.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.15pt"><FONT STYLE="color: black"><B>In future filin</B></FONT><B><FONT STYLE="color: #060606">gs,
</FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e provide a detail
di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cu</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">ion
within Liquidit</FONT><FONT STYLE="color: #060606">y </FONT><FONT STYLE="color: black">and Capital Re</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ource</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">of </FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">our 5</FONT><FONT STYLE="color: #060606">%
</FONT><FONT STYLE="color: black">Senior Subordinated Note</FONT><FONT STYLE="color: #060606">s, </FONT><FONT STYLE="color: black">includin</FONT><FONT STYLE="color: #060606">g
</FONT><FONT STYLE="color: black">the </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">nificant
term</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">of thi</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">debt</FONT><FONT STYLE="color: #060606">,
s</FONT><FONT STYLE="color: black">uch a</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #060606">ss</FONT><FONT STYLE="color: black">uance
and maturit</FONT><FONT STYLE="color: #060606">y </FONT><FONT STYLE="color: black">date</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">intere</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">t
rate</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">financial covenant</FONT><FONT STYLE="color: #060606">s,
</FONT><FONT STYLE="color: black">etc. </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 40.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 40.5pt; text-align: justify">The Company notes the Staff&rsquo;s
comment and, in response to this comment, confirms that in future filings the Company will include a detail discussion within Liquidity
and Capital Resources of the Company&rsquo;s 5% Senior Subordinated Notes, including the significant terms of this debt, such as
issuance and maturity date, interest rate, financial covenants, etc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 40.5pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.75pt"></TD><TD STYLE="width: 35.6pt"><FONT STYLE="color: black"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: black"><B>In future filin</B></FONT><B><FONT STYLE="color: #060606">gs, </FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e
expand the table to di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">clo</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #060606">,
</FONT><FONT STYLE="color: black">at a minimum</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">the amount
of </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">cheduled intere</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">t
pa</FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">ment</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">on
your lon</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">-term debt obli</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">ation</FONT><FONT STYLE="color: #060606">s
</FONT><FONT STYLE="color: black">(i.e.</FONT><FONT STYLE="color: #060606">, </FONT><FONT STYLE="color: black">fixed and variable
rate</FONT><FONT STYLE="color: #060606">)</FONT><FONT STYLE="color: black">. You ma</FONT><FONT STYLE="color: #060606">y </FONT><FONT STYLE="color: black">determine
the appropriate method</FONT><FONT STYLE="color: #060606">o</FONT><FONT STYLE="color: black">lo</FONT><FONT STYLE="color: #060606">gy
</FONT><FONT STYLE="color: black">to e</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">timate the intere</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">t
pa</FONT><FONT STYLE="color: #060606">y</FONT><FONT STYLE="color: black">ment</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">.
Your methodolo</FONT><FONT STYLE="color: #060606">gy </FONT><FONT STYLE="color: black">and </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">nificant
as</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">umption</FONT><FONT STYLE="color: #060606">s s</FONT><FONT STYLE="color: black">hould
be di</FONT><FONT STYLE="color: #060606">sc</FONT><FONT STYLE="color: black">lo</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">ed
in a footnote to the table. If the amount of intere</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">t on
variable rate debt cannot be reliabl</FONT><FONT STYLE="color: #060606">y </FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">timated</FONT><FONT STYLE="color: #060606">,
</FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e di</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">clo</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">e
thi</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">fact and </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">tate
the </FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">nificant
term</FONT><FONT STYLE="color: #060606">s </FONT><FONT STYLE="color: black">of the obli</FONT><FONT STYLE="color: #060606">g</FONT><FONT STYLE="color: black">ation</FONT><FONT STYLE="color: #060606">s</FONT><FONT STYLE="color: black">.
</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 40.5pt; text-align: justify">The Company notes the Staff&rsquo;s
comment and, in response to this comment, confirms that in future filings the Company will expand the contractual obligations table
to disclose the amount of scheduled interest payments on the Company&rsquo;s long-term debt obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.15pt 0pt 40.5pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4.35pt; text-align: justify"><FONT STYLE="color: black"><B><U>Financial
Statement</U></B></FONT><B><U><FONT STYLE="color: #030303">s </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4.35pt; text-align: justify; color: #030303"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4pt; text-align: justify"><FONT STYLE="color: black"><B><U>Note
1. Nature of Operation</U></B></FONT><B><U><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">and Summary of Significant
Accounting Policie</FONT><FONT STYLE="color: #030303">s </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4pt; text-align: justify; color: #030303"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4.35pt; text-align: justify"><FONT STYLE="color: black"><B><U>Segment
Information</U></B></FONT><B><U><FONT STYLE="color: #030303">, </FONT><FONT STYLE="color: black">page 52 </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4.35pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: black"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: black"><B>We note that </B></FONT><B><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou
acquired two </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">eparate bu</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">ine</FONT><FONT STYLE="color: #030303">ss</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">and brand</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">onl</FONT><FONT STYLE="color: #030303">y
</FONT><FONT STYLE="color: black">one of which wa</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">con</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">idered
to be </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">our predece</FONT><FONT STYLE="color: #030303">ss</FONT><FONT STYLE="color: black">or.
Plea</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e tell u</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">how
</FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou have determined that the</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e
two di</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">tinctive brand</FONT><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">con</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">titute a </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">in</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">le
operatin</FONT><FONT STYLE="color: #030303">g s</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">ment
under ASC 280-10-50-1. Alternativel</FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">if
</FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou believe that </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou
have more than one operatin</FONT><FONT STYLE="color: #030303">g s</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">ment
which ma</FONT><FONT STYLE="color: #030303">y </FONT><FONT STYLE="color: black">be a</FONT><FONT STYLE="color: #030303">gg</FONT><FONT STYLE="color: black">re</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">ated
into a </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">in</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">le
reportable </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">ment
pur</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">uant to ASC 280-10-50-11</FONT><FONT STYLE="color: #171717">,
</FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e explain the ba</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">for thi</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">conclu</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">ion.
</FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">The Company notes the Staff&rsquo;s
comment and, in response to this comment, advises the Staff that the Company determined that its two distinct brands constitute
a single operating segment because of the significant amount of overlap of the products that constitute the two brands. For example,
the primary products of GMP are backpacks and other types of packs to carry various articles. Black Diamond Equipment also has backpacks and similar packs as part of its inventory of products, as well as other related outdoor products. Furthermore,
there are a host of services at the corporate level that are shared by both brands, including, but not limited to, information
technology services, research and development, engineering, marketing and promotion, human resources, legal services, accounting,
finance, treasury and payroll services, office space, and various other similar services that are provided at the corporate level
to both brands. Indeed, the fact that the two brands were acquired in two separate transactions at the same time does not diminish
the reality that both brands are viewed as a single, integrated whole and decisions by management are made regarding the brands
as one enterprise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><FONT STYLE="color: black">In
furtherance of the foregoing, i</FONT>n determining that the Company has a single operating segment, the Company followed the guidance
of ASC Topic 280, <I>Segment Reporting</I>, and applied the management approach through the following steps:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Identify
the Chief Operating Decision Maker (&ldquo;CODM&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Identify
the operating segments reported to the CODM;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Evaluate
whether or not the operating segments identified can be aggregated; and </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Determine
which operating segments are reportable segments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><I><U>Identify the CODM</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">For purposes of
applying ASC 280, the CODM is the highest level of the Company&rsquo;s management at which decisions are made about how
the Company&rsquo;s resources will be allocated so that other levels of management can execute and implement those
operating decisions. Pursuant to ASC 280, the Company determined that its Chief Executive Officer (&ldquo;CEO&rdquo;) is the
CODM, as he is the highest level of management at which decisions are made about how resources will be allocated so that
other levels of management can execute those operating decisions. The Company&rsquo;s Senior Management Team assists the CEO
in the evaluation of the Company&rsquo;s performance and the need for the allocation of resources; however, the CEO can and
does override decisions made by the Senior Management Team. Also, because the CEO essentially controls the Senior Management
Team and, therefore, has control over the operating decisions that the Senior Management Team proposes, the CEO is the CODM
for purposes of applying the management approach under ASC 280. This Senior Management Team consists of (i) Mark Ritchie, VP
of Global Operations; (ii) Robert Peay, Chief Financial Officer; (iii) Ryan Gellert, President of Black Diamond Equipment; (iv) Billy
Kulczycki, President of GMP; (v) Christian Jaeggi, Head of BDE Europe; (vi) Chris Grover, VP of Sales; (vii) Scot Carlson, VP
of Acquisitions and Integrations and (viii) Rosalie Marks, VP of Human Resources (collectively, the &ldquo;Senior
Management Team&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">With input from the Senior Management
Team, the Company&rsquo;s CEO is the member of the Company&rsquo;s management that ultimately determines the allocation of the
Company&rsquo;s resources and assesses the performance of the Company. The CODM has access to the same information as the members
of the Senior Management Team.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><I><U>Identify the Operating
Segments</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">Operating segments under ASC
280 are the individual operations that the CODM reviews for purposes of assessing performance and making resource allocation decisions.
In identifying its operating segments, the Company focuses on the way that the financial information is organized and reported
to the CODM. In considering the information provided to the CODM is his performance assessment and resource allocation decisions
the Company considered the variety of information presented to and used by the CODM during this process. As is outlined in more
detail below, the Company noted that the information provided to be used in the CODM&rsquo;s decision making process is overlapping
in nature in that the numerous reports and pieces of information used are broken out in a variety of ways depending on the metric
being analyzed and that there is not a uniform break-out by brand, or view, that is utilized throughout his performance assessing
and resource allocation decisions. In connection with the CODM&rsquo;s review, the CODM considers the following collective information
provided to the CODM:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Monthly Financial Reporting Package consisting
of primarily the following:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 9pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Consolidated balance sheet</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 9pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Consolidated statement of cash flows</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 9pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Consolidated EBITDA and adjusted EBITDA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 9pt">o&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Consolidated net income before non-cash items</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 81pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Monthly sales reports: Actual vs. budgeted
vs. prior year sales amounts, listed by distribution channel (e.g., North America, Independent Global Distributors (IGD), Europe
and Direct-to-Consumer), are provided to the CODM. Although the sales reports by channel include sales by brand by channel, the
CODM doesn&rsquo;t use the brand information alone to make his decision, but rather uses all of the information described herein
(e.g., the Monthly Financial Reporting Package, monthly sales reports, monthly operating expense reports, annual budgets, etc.)
in its totality in making resource allocation decisions. The CODM uses this information to assess market trends as well as to determine
how a channel is performing against the budget and the prior year&rsquo;s results. The Company does not track operating margin
by brand. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Monthly operating expense reports by department:
Actual vs. budgeted operating expense amounts are broken out by department or function, as opposed to a distribution or product
channel, and are provided to the CODM. These monthly operating expense reports are what the CODM uses to monitor overall spending
against previously established budgeted amounts. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Annual Budgets: Based upon the strategic
plan developed by the CODM and the Senior Management Team, the CODM presents an annual budget for approval to the Company&rsquo;s
Board of Directors. The CODM reviews the forecasted sales and margin information in a format consistent with the monthly sales
reports and is also used in the determination of allocating resources based on input and initiatives developed during the strategic
planning process with the Senior Management Team. The CODM is ultimately responsible for the performance of the budget. The CODM
is responsible for the allocation of resources and the presidents of BDE and GMP are responsible for the execution and delivery
of the plans based on the resources allocated by the CODM. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Company also considered
the following information in determining that Black Diamond Equipment and GMP constitute a single operating segment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Information presented to the Board of
Directors primarily comprised of the Monthly Financial Reporting Package, which as noted above is mostly comprised of financial
information prepared on a consolidated basis (e.g., statement of cash flows, etc.). </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Information contained in the Company&rsquo;s
annual report on Form 10-K and press releases as well as information provided to analysts at the consolidated level.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-align: justify">Accordingly, based upon the
guidance of ASC 280-10-50-1 and the factors described above, the characteristics of operating segments described in ASC 280-10-50-1,
and the overlap of products across the brands, combined with the litany of shared corporate services as well as management&rsquo;s
decision making processes described above, which view both brands as a single enterprise, the Company concluded that it has one
single operating segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.75pt"></TD><TD STYLE="width: 35.6pt"><FONT STYLE="color: #030303"><B>7.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 6.4pt"><FONT STYLE="color: black"><B>A</B></FONT><B><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">a related matter</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">we note
that </FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">oodwill wa</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">recorded
in connection with the acqui</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">ition</FONT><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">of both BDEL and GMP. Plea</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e
tell u</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">whether </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou
a</FONT><FONT STYLE="color: #030303">ss</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">n
</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">oodwill to the </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">in</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">le
operatin</FONT><FONT STYLE="color: #030303">g s</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">ment
referred to abo</FONT><FONT STYLE="color: #030303">v</FONT><FONT STYLE="color: black">e</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">or
whether you a</FONT><FONT STYLE="color: #030303">ss</FONT><FONT STYLE="color: black">i</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">n
it to BDEL and to GMP a</FONT><FONT STYLE="color: #030303">s s</FONT><FONT STYLE="color: black">eparate reportin</FONT><FONT STYLE="color: #030303">g
</FONT><FONT STYLE="color: black">unit</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">for the purpo</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e
of te</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">tin</FONT><FONT STYLE="color: #030303">g </FONT><FONT STYLE="color: black">it
for impairment. </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 40.5pt; text-align: justify">The Company notes the Staff&rsquo;s
comment and, in response to this comment, advises the Staff that the Company assigns goodwill recorded in connection with the acquisitions
of both Black Diamond Equipment and GMP to the single operating segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4pt; text-align: justify"><FONT STYLE="color: black"><B><U>Note
15. Sub</U></B></FONT><B><U><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">equent Event</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">,
page 69 </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.75pt"></TD><TD STYLE="width: 35.6pt"><FONT STYLE="color: black"><B>8.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 6.4pt"><FONT STYLE="color: black"><B>We note that you modified certain financial
co</B></FONT><B><FONT STYLE="color: #030303">v</FONT><FONT STYLE="color: black">enant</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">contained
in </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">our loan a</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">reement
with Zion Fir</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">t National Bank on March 2</FONT><FONT STYLE="color: #171717">,
</FONT><FONT STYLE="color: black">2012. We al</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">o note that
the rev</FONT><FONT STYLE="color: #030303">o</FONT><FONT STYLE="color: black">lvin</FONT><FONT STYLE="color: #030303">g </FONT><FONT STYLE="color: black">credit
facilit</FONT><FONT STYLE="color: #030303">y </FONT><FONT STYLE="color: black">balance of </FONT><FONT STYLE="color: #171717">$</FONT><FONT STYLE="color: black">22</FONT><FONT STYLE="color: #171717">,</FONT><FONT STYLE="color: black">356
has been paid off as of March 31</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">2012. You </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">tate</FONT><FONT STYLE="color: #171717">,
</FONT><FONT STYLE="color: black">in your related Form 10-Q</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">that
</FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou are in compliance with a</FONT><FONT STYLE="color: #030303">ss</FONT><FONT STYLE="color: black">ociated
covenant</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">on lon</FONT><FONT STYLE="color: #030303">g </FONT><FONT STYLE="color: black">term
debt a</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">reement</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">a</FONT><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">of March 31</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">2012. Plea</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e
tell u</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">whether </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou
would have been able to make thi</FONT><FONT STYLE="color: #030303">s s</FONT><FONT STYLE="color: black">tatement had </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou
not modified the financial covenant</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">on March 2</FONT><FONT STYLE="color: #171717">,
</FONT><FONT STYLE="color: black">2012 and</FONT><FONT STYLE="color: #464646">/</FONT><FONT STYLE="color: black">or paid down the
balance of </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">our rev</FONT><FONT STYLE="color: #030303">o</FONT><FONT STYLE="color: black">lvin</FONT><FONT STYLE="color: #030303">g
</FONT><FONT STYLE="color: black">credit facilit</FONT><FONT STYLE="color: #030303">y </FONT><FONT STYLE="color: black">durin</FONT><FONT STYLE="color: #030303">g
</FONT><FONT STYLE="color: black">the quarter ended March 31</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">2012.
Finall</FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">plea</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e
confirm our as</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">umption that </FONT><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou
were in compliance with all a</FONT><FONT STYLE="color: #030303">ss</FONT><FONT STYLE="color: black">ociated lon</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">-term
debt covenant</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">a</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">of
December 31</FONT><FONT STYLE="color: #171717">, </FONT><FONT STYLE="color: black">2011. </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.35pt; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.35pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">The Company notes the Staff&rsquo;s
comment and, in response to this comment, confirms that the Company would have been in compliance on March 31, 2012 with the associated
covenants contained in the Company&rsquo;s loan agreement with Zion First National Bank had it not modified such financial covenants
on March 2, 2012 and/or paid down the balance of the revolving credit facility during the quarter ended March 31, 2012. Also, the
Company further confirms that the Company was in compliance with all associated covenants contained in the Company&rsquo;s loan
agreement with Zion First National Bank as of December 31, 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4.35pt; text-align: justify"><FONT STYLE="color: black"><B><U>Form</U></B></FONT><B><U><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">8-K - Filed June 1</FONT><FONT STYLE="color: #030303">3</FONT><FONT STYLE="color: black">, 2012
and July 6, 2012 </FONT></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 4.35pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.4pt"></TD><TD STYLE="width: 35.6pt"><FONT STYLE="color: black"><B>9.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 6.4pt"><FONT STYLE="color: black"><B>We note </B></FONT><B><FONT STYLE="color: #030303">y</FONT><FONT STYLE="color: black">ou
acquired POC Sweden AB on Jul</FONT><FONT STYLE="color: #030303">y </FONT><FONT STYLE="color: black">2</FONT><FONT STYLE="color: #171717">,
</FONT><FONT STYLE="color: black">2012 for approximatel</FONT><FONT STYLE="color: #030303">y </FONT><FONT STYLE="color: #171717">$</FONT><FONT STYLE="color: black">43.5
million in ca</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">h and common </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">tock.
Plea</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">e tell u</FONT><FONT STYLE="color: #030303">s y</FONT><FONT STYLE="color: black">our
con</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">ideration a</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">to
the materialit</FONT><FONT STYLE="color: #030303">y </FONT><FONT STYLE="color: black">of thi</FONT><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">acqui</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">ition for providin</FONT><FONT STYLE="color: #030303">g
</FONT><FONT STYLE="color: black">audited hi</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">torical financial
</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">tatement</FONT><FONT STYLE="color: #030303">s </FONT><FONT STYLE="color: black">and
pro forma financial </FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">tatement</FONT><FONT STYLE="color: #030303">s
</FONT><FONT STYLE="color: black">pur</FONT><FONT STYLE="color: #030303">s</FONT><FONT STYLE="color: black">uant to Rule </FONT><FONT STYLE="color: #030303">3</FONT><FONT STYLE="color: black">-05
and Article II of Re</FONT><FONT STYLE="color: #030303">g</FONT><FONT STYLE="color: black">ulation S-X. </FONT></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify"><FONT STYLE="color: black">The
Company notes the Staff&rsquo;s comment and, in response to this comment, advises the Staff that because the Company determined
that its acquisition of POC Sweden AB (&ldquo;POC&rdquo;) did not constitute the acquisition of a significant business pursuant
to condition (ii) of Instruction 4 of Item 2.01 of Form 8-K, no audited historical financial statements or pro forma financial
statements </FONT>pursuant to Rule 3-05 and Article 11 of Regulation S-X <FONT STYLE="color: black">were required by Item 9.01(a)
or (b) of Form 8-K for the reasons set forth below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">A company must file an Item
2.01 Form 8-K when a company or any of its majority owned subsidiaries has completed an acquisition or disposition of a significant
amount of assets not in the ordinary course of business. Condition (ii) of Instruction 4 of Item 2.01 of Form 8-K states &ldquo;An
acquisition or disposition shall be deemed to involve a significant amount of assets if it involved a business (see 17 CFR 210.11-01(d))
that is significant (see 17 CFR 210.11-01(b))&rdquo;. For purposes of condition (ii) of Instruction 4 of Item 2.01, an acquisition
of a business is significant if the significance test pursuant to Rule 1-02(w) of Regulation S-X (i.e., the asset, income, or investment
tests) meets the 20% level.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">The Company performed the
significance tests pursuant to Rule 1-02(w) of Regulation S-X using the most recent audited annual financial statements of POC
for the year ended April 30, 2011 (the &ldquo;POC Financial Statements&rdquo;) and the Company&rsquo;s most recent annual consolidated
financial statements for the year ended December 31, 2011 as contained in the Form 10-K. Based upon the results of such testing,
the Company&rsquo;s acquisition of POC was not considered to be significant as each of the investment test, the asset test and
the income test were less than the 20% threshold prescribed by Rule 1-02(w) of Regulation S-X and as a result did not constitute
the acquisition of a significant business pursuant to condition (ii) of Instruction 4 of Item 2.01 of Form 8-K. Therefore, the
Company concluded that the inclusion of audited historical financial statements pursuant to S-X Rule 3-05 or pro forma financial
statements pursuant to S-X Article 11 with respect to POC would not be material to the Company&rsquo;s investors because such financial
statements were not required by Item 9.01(a) or (b) of Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Schedule B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Black Diamond, Inc. Acknowledgement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Black Diamond, Inc. (the &ldquo;<U>Company</U>&rdquo;) hereby
acknowledges that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">the Company is responsible for the adequacy and accuracy of the disclosure in the filings;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">staff comments or changes to disclosure in response to staff comments do not foreclose the Commission
from taking any action with respect to the filings; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">the Company may not assert staff comments as a defense in any proceeding initiated by the Commission
or any person under the federal securities laws of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-indent: 0.5in">BLACK DIAMOND, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-indent: 0.5in">By:&nbsp;&nbsp;<U>/s/ Robert
Peay&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.5in; text-indent: 0.5in">Name: Robert Peay</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.5in; text-indent: 0.5in">Title:&nbsp;&nbsp;Chief Financial
Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 6.4pt 0pt 40pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 9; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
