Form of 2005 Put/Call Order Specification.


    
      

    

    Exhibit
      10.i

    PUT/CALL
      ORDER SPECIFICATION

    


    This
      Put/Call Order
      Specification is made by Energizer Holdings, Inc. (“Counterparty”) for the
      increase of the Transaction amount under that certain written confirmation
      dated
      as of May 31, 2002, as amended from time to time, between Counterparty and
      Citigroup Global Markets Limited (“Citigroup”) (the “Confirmation”) (capitalized
      terms not defined herein shall have the meaning given those terms in the
      Confirmation). 

     

    CITIGROUP
      GLOBAL
      MARKETS LIMITED IS NOT REGISTERED AS A BROKER-DEALER UNDER THE SECURITIES
      EXCHANGE ACT OF 1934, AS AMENDED. CITIGROUP GLOBAL MARKETS INC. IS ACTING AS
      AGENT FOR CITIGROUP GLOBAL MARKETS LIMITED IN CONNECTION WITH THIS TRANSACTION.
      CITIGROUP GLOBAL MARKETS LIMITED IS YOUR COUNTERPARTY TO THIS
      TRANSACTION.

     

    A.)
      Put/Call
Order
      Specification Requirements

     

    1.) Commencing
      on
      November 30, 2005 (such day the “Commencement Date”) under that certain
      Confirmation (capitalized terms not defined herein shall have the meaning given
      those terms in the Confirmation), Citigroup will increase the Transaction amount
      on Counterparty’s behalf pursuant to this Put/Call Order Specification, provided
      that the total number of Shares applicable to this Put/Call Order Specification
      shall not exceed 235,000, and the total number of Shares applicable to any
      particular Tranche Date shall not exceed Rule 10b-18 limits. 

     

    B.)
Discontinuation
      of this Put/Call Order Specification

     

    Counterparty
      acknowledges and agrees that Citigroup may discontinue this Put/Call Order
      Specification in the event that: 

     

    1.)
 In
      the opinion of
      Citigroup’s counsel, effecting this Put/Call Order Specification would result in
      a violation of applicable law or a breach of any contract to which Citigroup
      or
      its affiliates are a party or by which it or its affiliates are
      bound.

     

    2.)
 Counterparty’s
      counsel notifies Citigroup that this Put/Call Order Specification would result
      in a violation of applicable law by Counterparty.

     

    3.) 
      Trading in the
      Shares is halted or suspended.

     

    4.)
 If
      Counterparty
      files a registration statement with the Securities and Exchange Commission
      relating to sale of the Shares (or any security into which the Shares is
      convertible).

     

    C.)
Modification
      of
      this Put/Call Order Specification

     

    Any
      modification of
      this Put/Call Order Specification by Counterparty will be made in good faith
      and
      not as part of a scheme to evade the prohibitions of Rule 10b-18, and only
      with
      Citigroup’s written consent. In particular, Counterparty agrees that it will not
      modify or propose to modify this Put/Call Order Specification at any time that
      it is aware of any material non-public information about it and/or the Shares.
      

     

    D.)
Termination
      of
      this Put/Call Order Specification

     

    1.) This
      Put/Call Order
      Specification will terminate on December 31, 2005 unless earlier terminated
      in
      the event one of the following occurs:

     

    a.) Citigroup
      determines, in its sole discretion, that it is prohibited for any reason from
      engaging in increasing the Transaction amount under this Put/Call Order
      Specification.

     

    b.) Citigroup
      receives
      notice that Counterparty has filed a petition for bankruptcy or reorganization,
      or a petition for bankruptcy has been filed against Counterparty and has not
      been dismissed within sixty (60) calendar days of its filing.

     

    E.)
Governing
      Law

     

    This
Put/Call
      Order
      Specification
      will be governed by, and construed in accordance with, the laws
      of the State
      of New York, without regard to such State’s conflict of laws rules.

     

    
    

    IN
      WITNESS WHEREOF,
      Counterparty has sent this Put/Call Order Specification as of the date first
      above written.

     

    Dated:
      November 30,
      2005

    ENERGIZER
      HOLDINGS,
      INC.

     

    By:
   

     

    Name:
      Ward
      Klein

    Title:
      Chief
      Executive Officer

     

     

    Confirmed
      as of the
      date first above written:

     

    CITIGROUP
      GLOBAL
      MARKETS INC.

    as
      agent for

    CITIGROUP
      GLOBAL
      MARKETS LIMITED

     

    By:
 

    Name:

    Title: