**Exhibit 10.51**

**SEVERANCE AGREEMENT**

**THIS SEVERANCE AGREEMENT**(this            “Agreement”) is made and entered into on the 25th day of October, 2007, to            be effective as of November 1, 2007 (the “Effective Date”), by and            between**REMINGTON ARMS COMPANY,            INC.**, a Delaware corporation (the “Company”),            and**JEFF COSTANTIN**(the            “Employee”).

**R            E C I T A L S:**

1.          The            Employee will be employed by the Company as of the Effective Date as a key            employee.

2.          The            Company is engaged in the business of designing, manufacturing, marketing, and selling            (a) sporting goods products, including, by way of illustration, firearms and            ammunition, as well as hunting and gun care accessories and clay targets, for the            global hunting and shooting sports marketplace, and (b) products with law            enforcement, military and government applications, including, by way of illustration,            surveillance technology products and powdered metal products (the            “Business”). Following the Effective Date, the Employee will become            knowledgeable concerning the important aspects of the Business.

3.          The            Employee’s employment with the Company as of the Effective Date will create a            relationship of confidence and trust between the Employee and the Company with respect            to the Business of the Company and its affiliates and to the business of any client or            customer of the Company or its affiliates.

4.          The            Company has determined that it is essential and in the best interests of the Company            and its shareholders to secure the services, and to ensure the undivided dedication and            cooperation, of the Employee from and after the Effective Date. To that end, the            Company has determined that it is in the best interests of the Company and its            shareholders to provide a Severance Benefit (as defined below) as provided            herein.

5.          This            Agreement will become effective as of the Effective Date, assuming the Employee becomes            employed by the Company as of the Effective Date.

**NOW, THEREFORE,**in consideration of the            foregoing and of the mutual covenants and obligations hereinafter set forth, the            parties hereto, intending to be legally bound, hereby agree as follows:

**Section            1.**        **Definitions****.**Whenever used in this Agreement, including the Recitals and this            Section 1, the following terms shall have the meanings set forth below (unless            otherwise indicated by the context), and such meanings shall be applicable to both the            singular and plural form (except where otherwise expressly indicated):

 

 

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**1.1**        **“Base Salary”**means the amount            the Employee is entitled to receive from the Company as base wages or base salary on an            annualized basis as in effect immediately prior to his Termination. Base Salary does            not include bonuses, commissions, overtime pay, shift pay, premium pay, cost of living            allowances or income from stock options, stock grants, phantom stock awards or other            similar types of incentive compensation.

**1.2**        **“Beneficiary”**means the            surviving spouse of the Employee or, if he leaves no surviving spouse, then the            Employee’s estate.

| **1.3** | **“Board”**means the                        Board of Directors of the Company.             |   |
|---------|--------------------------------------------------------------------------------------------------------|--------|
| **1.4** | **“Business”**has the                        meaning indicated in the first recital above. |

**1.5**        **“Cause”**means one or more of            the following, in each case as determined by the Company, in its sole discretion:            (a) the Employee’s conviction of, or pleading guilty or no contest to, any            crime that constitutes a felony, regardless of its demonstrable impact on the Company,            or any other crime involving moral turpitude that results, or is reasonably likely to            result, in material harm to the Company, (b) the failure of the Employee            substantially to perform the duties of his position or any other duties reasonably            assigned to him by the Company (other than any such failure due to physical or mental            illness) or other material breach by the Employee of any of his obligations owed to the            Company, after a demand for substantial performance or demand for cure of such breach            is delivered, and a reasonable opportunity to cure is given, to the Employee by a            Responsible Person, which demand identifies the manner in which the Company believes            that the Employee has not substantially performed his duties or has breached his            obligations, (c) the Employee’s willful misconduct or gross negligence that            has caused or would reasonably be expected to result in material injury to the Company            or any of its affiliates, (d) any diversion by the Employee for his personal gain            of any viable and significant business opportunity from the Company (other than with            the prior consent of the Board), (e) violation of any provision of the            Company’s Corporate Governance Guidelines, the Company’s Code of Business            Conduct and Ethics or any covenant contained in this Agreement. For purposes of this            Section 1.5, “Responsible Person” shall mean the executive officer or            other employee of the Company who is the direct or indirect supervisor of the            Employee.

**1.6**        **“Code”**means the Internal            Revenue Code of 1986, as amended, and all rules, regulations and other written guidance            issued thereunder.

**1.7**        **“Company”**means Remington Arms            Company, Inc., a Delaware corporation with its principal offices at Madison, North            Carolina.

**1.8**        **“Confidential Information”**means all trade secrets and other information concerning the Business of            the Company and its affiliates that is confidential, proprietary or otherwise not            generally available to the public. By way of example, Confidential Information            includes, without limitation, customer lists, drawings, designs, information regarding            product development, marketing plans, sales plans, manufacturing plans, any information            covered by the Uniform Trade Secrets Act of Delaware or any other similar legal            protections that may be applicable (or any successor thereto), management organization            information (including data and other information relating to members of the Board, the            Board of Directors of RACI Holding,

 

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Inc. (“Holding”) and management of the Company or Holding),            operating policies or manuals, business plans, financial records, packaging design or            other financial, commercial, business or technical information relating to Holding, the            Company or any of their respective subsidiaries or affiliates or that Holding, the            Company or any of their respective subsidiaries or affiliates may receive belonging to            suppliers, customers or others who do business with Holding, the Company or any of            their respective subsidiaries or affiliates. The parties expressly agree that            Confidential Information does not exist in written form only. Notwithstanding the            foregoing, Confidential Information does not include information that (a) is or            becomes generally available to the public other than as a result of a disclosure by the            Employee in violation of the provisions of the Agreement, or (b) is received by            the Employee from another party that did not receive such information directly or            indirectly from the Company or any of its affiliates under an obligation of            confidentiality.

| **1.9** | **“Effective Date”**means November 1, 2007. |
|---------|--------------------------------------------------------------|

**1.10**      **“Good Reason”**means, without            the Employee’s express written consent, (a) the reduction by the Company in            the Base Salary of the Employee; or (b) the transfer of the Employee’s            primary work location to a location that is more than fifty (50) miles from the            Employee’s primary work location as of the Effective Date.

**1.11**      **“Person”**means any individual,            partnership, limited liability company, joint venture, corporation, company, firm,            group or other entity.

| **1.12** | **“Restricted Area”**means the United States and Canada. |
|----------|----------------------------------------------------------------------|

**1.13**      **“Restricted Period”**means the            period commencing on the Effective Date and ending on the Termination Date; provided,            however, that in the event the Employee’s employment is terminated as a result of            a Severance Event and the Employee becomes entitled to receive the Severance Benefit            pursuant to Section 2, or the Company otherwise elects to pay the Severance            Benefit pursuant to Section 2, the Restricted Period shall also include the 365            day period following his Termination Date.

| **1.14** | **“Severance Benefit”**means the payment described in Section 2. |
|----------|-----------------------------------------------------------------------------------|

**1.15**      **“Severance Event”**means the            Termination of the Employee (a) by the Company other than for Cause, death or            Total Disability or (b) by the Employee for Good Reason. In no event shall any one            of the following events be treated as a Severance Event:

| (i)   | Termination of the Employee as a result of his                        death;                 |   |
|-------|----------------------------------------------------------------------------------------------|--------|
| (ii)  | Termination of the Employee by the Company for                        Cause;                 |   |
| (iii) | Termination by the Employee for any reason other than Good                        Reason; or |
|       |                                                                                              |        |  |

(iv)        Termination of the            Employee as a result of his Total Disability, unless, and to the extent, the Company            exercises its rights under Section 2.1.

 

 

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**1.16**      **“Termination”**and any            derivative of that term means the termination of the Employee’s employment with            the Company or an affiliate.

| **1.17** | **“Termination Date”**means the date of the Employee’s                        Termination. |
|----------|--------------------------------------------------------------------------------------------------------------|

**1.18**      **“Total Disability”**means the            total disability of the Employee as determined in accordance with the terms of the            insured, group long-term disability plan sponsored by the Company.

| **Section 2.** | **Severance                        Benefit****.** |
|----------------|---------------------------------------------------|

**2.1**        **Eligibility Amount of Severance Benefit.**Subject to Sections 2.2 and 2.1 and Section 3, in the event            the Employee is Terminated after the Effective Date as a result of a Severance Event,            the Employee, as replacement for the compensation the Employee would have received had            his employment with the Company continued, shall receive his Base Salary for twelve            (12) months through the Company’s regular payroll (the “Severance            Benefit”). No Severance Benefit shall be paid to the Employee in the event the            Employee is Terminated by the Company for Cause, on account of the death or Total            Disability of the Employee, or by the Employee for any reason other than Good Reason or            as a result of a Severance Event; provided, however that the Company shall have the            right to elect to pay the Employee the Severance Benefit in the event of a termination            by the Company for Cause or by the Employee without Good Reason in exchange for the            Employee’s compliance with the covenants set forth in Sections 3.3 and 3.4.            In the event the Employee becomes entitled to receive a Severance Benefit due the            occurrence of a Severance Event but dies prior to receiving the Severance Benefit, then            such amount shall be paid to his Beneficiary. Notwithstanding anything to the contrary            in this Agreement, this Agreement shall be null and void and of no effect if the            Employee does not commence his employment with the Company as of the Effective            Date.

**2.2**        **Release of Claims.**No Severance Benefit            shall be provided to the Employee unless the Employee has properly executed and            delivered to the Company a release of claims substantially in the form attached to this            Agreement as Exhibit A and that release of claims has become irrevocable as            provided therein. Such release of claims shall not be accepted by the Company unless it            is executed on or after the Employee’s Termination Date. Prior to the occurrence            of a Severance Event, the release of claims may be revised by the Company. The Company            may in any event modify the release of claims to conform it to the then current laws of            the local jurisdiction applicable to the Employee.

**2.3**        **Exclusive Payment.**The Severance Benefit is            intended to constitute the exclusive payment in the nature of severance or termination            compensation that shall be due the Employee upon Termination due to the occurrence of a            Severance Event, and shall be in lieu of any such other severance or termination            compensation under any other agreement, plan, program or policy of the Company.            Accordingly, if the Employee is a party to an employment, severance, termination,            salary continuation or other similar agreement with the Company, or is a participant in            any other severance plan, practice or policy of the Company, any Severance Benefit paid            to the Employee shall be reduced (but not below zero) by the amount of severance pay to            which he is entitled under such other agreement, plan, practice or policy. The            Severance Benefit shall not

 

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be            reduced, however, by any benefits paid or payable under the tax-qualified retirement            plan and non-qualified retirement plan sponsored by the Company.

**Section            3.**        **Employment and Post-Termination Obligations of            Employee.**All payments to the Employee under this            Agreement shall be subject to the Employee’s compliance with the following            provisions during the Restricted Period and, except as otherwise provided in this            Section 3 following the Termination of the Employee’s employment:

**3.1**        **Assistance in Litigation.**The Employee            shall, upon reasonable notice, furnish such information and assistance to the Company            as may reasonably be required by the Company in connection with any investigation,            inquiry, litigation or other proceeding in which it is or may become involved, and            which arises out of facts and circumstances known to the Employee (and without regard            to whether the Employee is a party thereto). The Company shall promptly reimburse the            Employee for his reasonable out-of-pocket expenses incurred in connection with the            fulfillment of his obligations under this Section 3.1.

**3.2**        **Confidential Information.**As a consequence            of his unique position with the Company, the Employee acknowledges and agrees that he            will have broad assess to Confidential Information, that Confidential Information will            in fact be developed by him in the course of performing his duties and responsibilities            with the Company, and that Confidential Information furnishes a competitive advantage            in many situations and constitutes, separately and in the aggregate, a valuable,            special and unique asset of the Company. During the Restricted Period and at any time            thereafter, and except as required by any court, supervisory authority or            administrative agency or as may be otherwise required by applicable law, the Employee            shall not, without the written consent of the Board, or a person authorized thereby,            communicate, furnish, divulge or disclose to any Person, other than an employee of the            Company, or a Person to whom communication or disclosure is reasonably necessary or            appropriate in connection with the performance by the Employee of his duties as an            employee of the Company, any Confidential Information obtained by him while in the            employ of the Company, unless and until such information has become a matter of public            knowledge at the time of such disclosure. The Employee shall use his best efforts to            prevent the removal of any Confidential Information from the premises of the Company,            except as required in connection with the performance of his duties as an employee of            the Company. The Employee agrees that all Confidential Information (whether now or            hereafter existing) conceived, discovered or developed by him during the period of his            employment with the Company belongs exclusively to the Company and not to            him.

**3.3**        **Non-Disparagement.**During the Restricted            Period and at any time thereafter, the Employee shall not make any statement, written            or oral, whether expressed as a fact, opinion or otherwise, that disparages, or could            reasonably be construed as disparaging, the Company, or its officers, directors,            employees, shareholders, representatives or agents. Except as is reasonably necessary            or appropriate in connection with the performance of his duties as an employee of the            Company, the Employee shall not knowingly take any action or knowingly provide            information or issue statements, to the media or otherwise, or knowingly cause anyone            else to take any action or provide information or issue statements, to the media or            otherwise, regarding the Company or its officers, directors, employees, shareholders,            representatives or agents.

 

 

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**3.4**        **Noncompetition and Non-Solicitation.**The            Employee acknowledges and agrees that the duties and responsibilities to be performed            by him for the Company are of a special and unusual character which have a unique value            to the Company, the loss of which cannot be adequately compensated by damages in any            action in law. The Employee further acknowledges and agrees that the unique and            proprietary knowledge and information possessed by, or which will be disclosed to, or            developed by, the Employee in the course of his employment will be such that his breach            of the covenants contained in this Section 3.4 would immeasurably and irreparably            damage the Company regardless of where in the Restricted Area the activities            constituting such breach were to occur. Thus, the Employee acknowledges and agrees that            it is both reasonable and necessary for the covenants in this Section 3.4 to apply to            the Employee’s activities throughout the Restricted Area and for the Restricted            Period. In recognition of the special and unusual character of the duties and            responsibilities of the Employee and as a material inducement to the Company to employ            the Employee as of the Effective Date in this special and unique capacity, the Employee            covenants and agrees that, during the Restricted Period, the Employee shall not,            directly or indirectly:

(a)        perform services for,            engage in or be engaged in, assist, counsel, advise or otherwise support any business            within the Restricted Area which is competitive with the Business;

(b)        call upon any Person            who is, or was at any time during the twelve (12) month period ending on the            Termination Date, a customer of the Company for the purpose of providing services or            manufacturing, selling or distributing products similar to, or competitive with, the            services provided by the Company or the products manufactured, sold and distributed by            the Company;

(c)        solicit, divert, or            take away, or attempt to solicit, divert or take away, any Person who is, or was at any            time during the twelve (12) month period ending on the Termination Date, a customer of            the Company for the purposes of providing services or manufacturing, selling or            distributing products similar to, or competitive with, the services provided by the            Company or the products manufactured, sold and distributed by the Company;            or

(d)        employ or induce or            attempt to induce any employee of the Company to terminate his employment with the            Company for the purpose of performing services for, assisting, counseling, advising or            otherwise supporting any business within the Restricted Area which is competitive with            the Business.

**3.5**        **Failure to Comply.**In the event of a breach            by the Employee of the provisions of this Section 3, the Company shall have and            may exercise any and all rights and remedies available to the Company at law or            otherwise, including, but not limited to, obtaining an injunction from a court of            competent jurisdiction enjoining and restraining the Employee from committing such            violation. The Employee hereby consents to the issuance of such injunction and agrees            to submit to the equitable jurisdiction of any court of competent jurisdiction, without            reference to whether the Employee resides or does business in that jurisdiction at the            time such injunction is sought or entered.

 

 

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**3.6**        **Reasonableness of Restrictions.**The            Employee and the Company have each carefully read the provisions of this Section 3            and, having done so, agree that the restrictions set forth in this Section 3            (including, but not limited to, the Restricted Period restriction and the Restricted            Area restriction set forth in this Section 3) are fair and necessary to prevent            the Employee from unfairly taking advantage of contacts established, nurtured,            serviced, enhanced or promoted and knowledge gained during the Employee’s            employment with the Company, and are necessary for the reasonable and proper protection            of the Company’s interests. The Employee agrees and acknowledges that the Company            and its affiliates are engaged in the Business and sell and distribute their products            throughout the United States and other jurisdictions throughout the world, and that it            would not be reasonable to limit the geographic scope of these covenants to any            particular geographic location. The Employee acknowledges that the covenants contained            in this Section 3 will not cause an undue burden on the Employee. Notwithstanding            the foregoing, in the event any part of the covenants set forth in this Section 3 is            held to be invalid or unenforceable, the remaining parts thereof shall nevertheless            continue to be valid and enforceable as though the invalid or unenforceable parts had            not been included therein. In the event that any provision of this Section 3 is            declared by a court of competent jurisdiction to be overbroad as written, the Employee            specifically agrees that the court should modify such provision in order to make it            enforceable, and that a court should view each such provision as severable and enforce            those severable provisions deemed reasonable by such court.

| **Section 4.** | **Tax                        Consequences****.** |
|----------------|--------------------------------------------------|

**4.1**        **Deductions and Withholding; No Representations.**The Employee agrees that the Company or its affiliates, as applicable,            shall withhold from the payment of the Severance Benefit, all federal, state, local            and/or other taxes which the Company determines are required to be withheld in            accordance with applicable statutes or regulations from time to time in effect. The            Company makes no representations or warranties to the Employee with respect to the tax            consequences (including, but not limited to, income tax consequences) related to the            payment contemplated by this Agreement, and the Employee is in no manner relying on the            Company or its representatives for an assessment of such tax consequences.

**4.2**        **Code Section 409A.**To the extent            applicable, the parties hereto intend that this Agreement comply with Section 409A of            the Code (“Code Section 409A”). The parties agree that this Agreement shall            at all times be interpreted and construed in a manner to comply with Code Section 409A            and that should any provision be found not in compliance with Code Section 409A,            the parties are contractually obligated to execute any and all amendments to this            Agreement deemed necessary and required by the Company’s legal counsel to achieve            compliance with Code Section 409A unless such action results in substantial additional            costs to the Company. By execution and delivery of this Agreement, the Employee            irrevocably waives any objections he may have to any amendments required by Code            Section 409A. The parties also agree that in no event shall any payment required to be            made pursuant to this Agreement be made to the Employee unless compliant with Code            Section 409A. In the event amendments are required to make this Agreement compliant            with Code Section 409A, the Company shall use its best efforts to provide the Employee            with substantially the same benefits and payments he would have been entitled to            pursuant to this Agreement had Code Section 409A not applied, but in a manner that is            compliant with Code Section 409A and does not result in substantial            additional

 

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costs to the Company. The manner in which the immediately preceding            sentence shall be implemented shall be the subject of good faith negotiations between            the parties.

**Section            5.**        **Notices****.**Any notice or other communication required or permitted to be delivered            under this Agreement shall be (a) in writing, (b) delivered personally, by courier            service or by certified or registered mail, first-class postage prepaid and return            receipt requested, (c) deemed to have been received on the date of delivery or on            the third business day after the mailing thereof, and (d) addressed as follows (or            to such other address as the party entitled to notice shall hereafter designate in            accordance with the terms hereof):

If to the Company:

             

Remington Arms Company, Inc.

870 Remington Drive

Post Office Box 700

Madison, NC 27025-0700

Attention: Mark Little

             

If to the Employee:

             

Jeff Costantin

9 Rice Lane

Long Valley, NJ  07853

 

**Section            6.**        **Entire Agreement****.**This Agreement (including Exhibit A hereto) constitutes the entire            agreement between the parties hereto with respect to the subject matter hereof, and all            promises, representations, understandings, arrangements and prior agreements relating            to such subject matter (including, without limitation, those between the Employee and            any other person or entity) are merged into and superseded by this Agreement, and the            terms of any prior employment agreement or arrangement shall, from and after the date            of this Agreement, be of no further force or effect.

**Section            7.**        **Governing Law; Consent            to Jurisdiction**.

**7.1**        This            Agreement shall be governed by and construed in accordance with the laws of the State            of Delaware (without regard to conflict of law principles thereof) applicable to            contracts made and to be performed therein, and in any action or other proceeding that            may be brought arising out of, in connection with or by reason of this Agreement, the            laws of the State of Delaware shall be applicable and shall govern to the exclusion of            the law of any other forum.

**7.2**        Any            action to enforce any of the provisions of this Agreement shall be brought exclusively            in a court of the State of Delaware or in a Federal court located within the State of            Delaware, and by execution and delivery of this Agreement, the Employee and the Company            irrevocably consent to the exclusive jurisdiction of those courts and the Employee            hereby submits to personal jurisdiction in the State of Delaware. The Employee and the            Company irrevocably waive any objection, including any objection based on lack of            jurisdiction, improper venue or forum non conveniens, which either may now or hereafter            have to the bringing of any

 

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action or proceeding in such jurisdiction in respect to this Agreement            or any transaction related hereto. The Employee and the Company acknowledge and agree            that any service of legal process by mail in the manner provided for notices under this            Agreement constitutes proper legal service of process under applicable law in any            action or proceeding under or in respect to this Agreement.

**Section            8.**        **Binding Effect; Assignability; Merger or            Consolidation****.**This            Agreement shall be binding upon and inure to the benefit of the parties hereto. The            obligations of the Employee hereunder may not be delegated, and the Employee may not,            without the Company’s written consent, assign, transfer, convey, pledge,            encumber, hypothecate or otherwise dispose of this Agreement or any interest herein.            Any such attempted delegation or disposition shall be null and void and without effect.            The Company and the Employee agree that this Agreement and all of the Company’s            rights and obligations hereunder may be assigned or transferred by the Company to and            shall be assumed by and be binding upon any successor to the Company; provided,            however, that the Company will not consolidate or merge into or with another Person, or            transfer all or a material part of its assets to another Person (a “Successor            Entity’) unless the Successor Entity shall assume this Agreement, and upon such            assumption, the Employee and the Successor Entity shall become obligated to perform the            terms and conditions of this Agreement.

**Section            9.**        **Severability****.**In the event that any one or more of the provisions of this Agreement            shall be or become invalid, illegal or unenforceable in any respect, the validity,            legality and enforceability of the remaining provisions contained herein shall not be            affected thereby. Specifically, in the event any part of the covenants set forth in            Section 3 is held to be invalid or unenforceable, the remaining parts thereof            shall nevertheless continue to be valid and enforceable as though the invalid or            unenforceable parts had not been included therein. In the event that any provision of            Section 3 is be declared by a court of competent jurisdiction to be overbroad as            written, the Employee specifically agrees that the court should modify such provision            in order to make it enforceable, and that a court should view each such provision as            severable and enforce those severable provisions deemed reasonable by such            court.

**Section            10.**      **Amendment: Waiver****.**Except as otherwise provided in Section 4, no provision of this            Agreement may be modified, waived or discharged unless such modification, waiver or            discharge is approved by the Board or a duly authorized committee thereof. No waiver by            any party hereto at any time of any breach by any other party hereto of, or compliance            with, any condition or provision of this Agreement to be performed by such other party            shall be deemed a waiver of similar or dissimilar provisions or conditions at the same            or at any prior or subsequent time. No delay in exercising any right or remedy shall            constitute a waiver thereof, and no waiver of any provision of this Agreement shall be            implied from any course of dealing between or among the parties hereto or from any            failure by any party hereto to assert its or his rights hereunder on any occasion or            series of occasions.

**Section            11.**      **Headings****.**All headings herein are inserted for convenience and ease of reference            purposes only and are not to be considered in the construction or interpretation of            this Agreement.

 

 

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**Section            12.**      **Counterparts****.**This Agreement may be executed simultaneously in counterparts, both of            which shall be deemed an original but all of which together shall constitute one and            the same instrument.

**Section            13.**      **No Duty to Mitigate****.**The Employee shall have no obligation to take any action to mitigate or            offset any amounts payable by the Company pursuant to this Agreement by seeking other            employment or otherwise, nor shall the amount of any payment provided for in this            Agreement be reduced by any compensation earned by the Employee as the result of            employment by another employer after the date of the Employee’s Termination or            otherwise.

**Section            14.**      **Source of Payments; No            Trust****.**The obligations of            the Company to make payments hereunder shall constitute a liability of the Company to            the Employee. Such payments shall be from the general funds of the Company, and the            Company shall not be required to establish or maintain any special or separate fund, or            otherwise to segregate assets to assure that such payments shall be made, and neither            the Employee nor his Beneficiary shall have any interest in any particular asset of the            Company by reason of its obligations hereunder. Nothing contained in this Agreement            shall create or be construed as creating a trust of any kind or any other fiduciary            relationship between the Company and the Employee or any other person. To the extent            that any person acquires a right to receive payments from the Company hereunder, such            right shall be no greater than the right of an unsecured creditor of the            Company.

**Section            15.**      **No Right to Continued            Employment****.**Nothing            contained in this Agreement shall be construed as conferring upon the Employee the            right or imposing upon him the obligation to continue in the employment of the Company            after the Effective Date, nor shall it be construed as imposing upon the Company the            obligation to continue to employ the Employee after the Effective Date. The Company and            the Employee acknowledge that the employment of the Employee is and shall continue to            be “at will” and may be terminated at any time by either party, with or            without Cause.

**Section            16.**      **No Conflicts****.**The Employee represents that he is entering into this Agreement            voluntarily and that the Employee’s employment hereunder and his compliance with            the terms and conditions of this Agreement will not conflict with or result in his            breach of any agreement to which he is bound.

**Section            17.**      **Employee            Acknowledgment****.**The Employee            (a) has had a reasonable amount of time in which to review and consider this            Agreement prior to signature, (b) has in fact read the terms of this Agreement,            (c) has the full legal capacity to enter into this Agreement and has had the            opportunity to consult with legal counsel before signing this Agreement, (d) fully            and completely understands the meaning, intent and legal effect of this Agreement, and            (e) has knowingly and voluntarily executed this Agreement.

**Section            18.**      **Recitals****.**The Recitals to this Agreement are incorporated herein and shall            constitute an integral part of this Agreement.

 

 

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**IN WITNESS WHEREOF,**the parties hereto have            duly executed this Agreement as of the date first written above.

**REMINGTON ARMS COMPANY, INC.**

 

 

By: /s/ Thomas L. Millner                   ——————————————————

Name: Thomas L. Millner

Title: CEO

             

**EMPLOYEE**

             

/s/ Jeff Costantin

———————————————————–

Jeff Costantin

 

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**EXHIBIT A**

**REMINGTON ARMS COMPANY, INC.**

**SEVERANCE AGREEMENT**

**GENERAL RELEASE AND WAIVER OF CLAIMS**

In consideration of the payment by Remington Arms Company, Inc.            (“Remington”) of the Severance Benefit to me pursuant to that certain            Severance Agreement dated __________, _______, to which this Exhibit A is attached            (the “Agreement”), I, Jeff Costantin agree to and do finally and completely            release and forever discharge Remington and its parents, subsidiaries and affiliates,            and any one or more of their employees, shareholders, officers, directors or agents            (the “Releasees”) from any and all liabilities claims, obligations, demands            and causes of action of any and every kind or nature whatsoever, in law, equity or            otherwise, known or unknown, suspected or unsuspected, disclosed and undisclosed, which            now have, own or hold, or claim to have, own or hold, or which I may have, own or hold,            or claim to have, own or hold, against each or any of the Releasees arising from or            relating to my employment with Remington and termination of that employment.

This General Release and Waiver of Claims (this “Release”)            includes, without limiting the generality of the foregoing, claims arising under any            provision of federal, state federal or local law, any federal, state or local            anti-discrimination statute, ordinance or regulation, the Age Discrimination in            Employment Act of 1967 (the “ADEA”), the Americans with Disabilities Act,            the Family and Medical Leave Act, Title VII of the Civil Rights Act of 1964 and the            Civil Rights Act 1991, or the Employee Retirement Income Security Act of 1974, all as            amended, or any similar federal, state or local statutes, ordinances or regulations, or            claims in the nature of a breach of contract, claims for wrongful discharge, emotional            distress, defamation, fraud or breach of the covenant of good faith and fair dealing,            tort and wage or benefit claims (other than the Severance Benefit to which I am            entitled under the Agreement); provided, however, that this Release does not include            actions brought to enforce the terms of this Release, including my right to the            Severance Benefit, or to secure benefits under any other employee benefit plan or            program of Remington of which I am a participant unless expressly excluded by the            Agreement. If I violate the terms of this Release, I agree to pay the Releasees’            costs and reasonable attorneys’ fees.

I acknowledge that, among other rights subject to this Release, I am            hereby waiving and releasing any rights I may have under the ADEA, that this Release is            knowing and voluntary, and that the consideration given for this Release is in addition            to anything of value to which I was already entitled as an employee of            Remington.

As provided by law, I have been advised by Remington to carefully            consider the matters outlined in this Release and to consult with such professional            advisors as I deem appropriate, including a lawyer of my own choice. I acknowledge I            have had at least twenty-one (21) days from my receipt of this Release to consider the            terms and conditions set forth herein, and I understand that I have seven (7) days            following my execution of this Release to revoke my signature, in which event this            Release shall not be effective or binding on the parties, and I will

 

 

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not            receive the Severance Benefit described in the Agreement. I further understand fully            and acknowledge the terms and consequences of this Release, and I voluntarily accept            them.

**ACKNOWLEDGED AND AGREED TO,**

**INTENDING TO BE LEGALLY BOUND HEREBY:**

| Dated:______________________________ | ___________________________**Employee** |
|--------------------------------------|-----------------------------------------|