Document:

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                                                                   EXHIBIT 10.14

                                                                  EXECUTION COPY

                            INDEMNIFICATION AGREEMENT

     INDEMNIFICATION AGREEMENT, dated as of February 12, 2003, among RACI
Holding, Inc., a Delaware corporation ("Holding"), Remington Arms Company, Inc.,
a Delaware corporation (the "Company"), Bruckmann, Rosser, Sherrill & Co.
L.L.C., a Delaware limited liability company ("BRS") and Bruckmann, Rosser,
Sherrill & Co. II, L.P., a Delaware limited partnership ("BRS II") (together
with any other investment vehicle managed by BRS, the "BRS Fund").

                              W I T N E S S E T H :

     WHEREAS, the BRS Fund is managed by BRS, and the general partner of the BRS
Fund is BRSE, L.L.C., a Delaware limited liability company (together with any
general partner of any other investment vehicle managed by BRS, "BRSE");

     WHEREAS, pursuant to an Investment Agreement, dated as of December 19, 2002
(the "Investment Agreement"), by and among Holding, The Clayton & Dubilier
Private Equity Fund IV Limited Partnership (the "C&D Fund") and the BRS Fund,
pursuant to which, among other things, Holding issued to the BRS Fund 135,954
shares of Class A Common Stock, par value $0.01 per share of Holding ("Common
Stock") for a cash purchase price equal to $220.31 per share (the "Share
Purchase Price") for an aggregate purchase price of approximately $29,952,025
(the "Investment");

     WHEREAS, in connection with the Investment, Holding repurchased (the
"Repurchase") 722,981 of its outstanding shares of Common Stock for a
combination of cash, senior notes of Holding with an interest rate of 12% (the
"RACI A Senior Notes") and senior notes of Holding with an interest rate of 15%
(the "RACI B Senior Notes", and together with the RACI A Senior Notes, the "RACI
Senior Notes");

     WHEREAS, concurrent with the Investment, the Company offered, issued and
sold to certain institutional purchasers (the "Initial Purchasers") $200 million
aggregate principal amount of 10 1/2% Senior Notes due 2011, with respect to
which the Company will make an offer to exchange therefor $200 million aggregate
principal amount of 10 1/2% Senior Subordinated Notes due 2011 (such
transactions collectively, the "Note Offering");

     WHEREAS, Holding and the Company from time to time in the future (a) may
offer and sell or cause to be offered and sold equity or debt securities (such
offerings and sales by Holding and the Company, together with the Investment and
the Note Offering, being hereinafter referred to as the "Securities Offerings"),
including without limitation (i) offerings of shares of capital stock of Holding
and/or options to purchase such shares to employees, directors, managers and
consultants of and to Holding and the Company (a "Management Offering"), and
(ii) one or more offerings of debt securities for the purpose

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of refinancing indebtedness incurred pursuant to the Note Offering or for other
corporate purposes, and (b) may repurchase, redeem or otherwise acquire certain
securities of Holding or the Company (any such repurchase or redemption being
referred to herein as a "Redemption");

     WHEREAS, the parties hereto recognize the possibility that claims might be
made against, and liabilities incurred by, BRS, the BRS Fund, BRSE or related
persons or affiliates under applicable securities laws or otherwise in
connection with the Securities Offerings, or relating to other actions or
omissions of or by Holding and the Company, or relating to the provision by BRS
of management consulting, monitoring and financial advisory services to Holding
and the Company, and the parties hereto accordingly wish to provide for BRS, the
BRS Fund, BRSE and related persons and affiliates to be indemnified in respect
of any such claims and liabilities;

     WHEREAS, the parties hereto recognize that claims might be made against and
liabilities incurred by directors and officers of Holding and the Company in
connection with their acting in such capacity, and accordingly wish to provide
for such directors and officers to be indemnified to the fullest extent
permitted by law in respect of any such claims and liabilities; and

     WHEREAS, it is a condition to the closing of the Investment that the
parties enter into this Agreement;

     NOW, THEREFORE, in consideration of the foregoing premises, and the mutual
agreements and covenants and provisions herein set forth, the parties hereto
hereby agree as follows:

     1.   Definitions.

     (a)  "Claim" means, with respect to any Indemnitee, any claim against such
Indemnitee involving any Obligation with respect to which such Indemnitee may be
entitled to be defended and indemnified by Holding or the Company under this
Agreement.

     (b)  "Indemnitee" means each of BRS, the BRS Fund, BRSE and their
respective directors, officers, principals, members, partners, employees,
agents, advisors, representatives, affiliates and controlling persons (within
the meaning of the Securities Act of 1933, as amended (the "Securities Act"))
and each other person who is or becomes a director or an officer of Holding or
the Company.

     (c)  "Obligations" means, collectively, any and all claims, obligations,
liabilities (joint or several), causes of actions, actions, suits, proceedings,
investigations, judgments, decrees, losses, damages, fees, costs and expenses
(including without

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limitation interest, penalties and fees and disbursements of attorneys,
accountants, investment bankers and other professional advisors).

     (d)  "Related Document" means any agreement, certificate, instrument or
other document to which Holding or the Company may be a party or by which it or
any of its properties or assets may be bound or affected from time to time
relating in any way to any Securities Offering or any of the transactions
contemplated thereby, including without limitation, in each case as the same may
be amended, modified, waived or supplemented from time to time, (A) any
registration statement filed by or on behalf of Holding or the Company with the
Securities and Exchange Commission (the "Commission") in connection with any
Securities Offering, including all exhibits, financial statements and schedules
appended thereto, and any submissions to the Commission in connection therewith,
(B) any prospectus, preliminary or otherwise, included in such registration
statements or otherwise filed by or on behalf of Holding or the Company in
connection with any Securities Offering or used to offer or confirm sales of
their respective securities in any Securities Offering, (C) any private
placement or offering memorandum or circular, or other information or materials
distributed by or on behalf of Holding, the Company or any placement agent or
underwriter (including without limitation any Initial Purchaser) in connection
with any Securities Offering, (D) any federal, state or foreign securities law
or other governmental filings or applications made in connection with any
Securities Offering, the Investment or any of the transactions contemplated
thereby, (E) any underwriting, subscription, purchase, option or registration
rights agreement or plan entered into or adopted by Holding or the Company in
connection with any Securities Offering or (F) any purchase, repurchase,
redemption or other agreement entered into by Holding or the Company in
connection with any Redemption.

     2.   Indemnification.

     (a)  Each of Holding and the Company agrees to indemnify, defend and hold
harmless each Indemnitee:

          (i)   from and against any and all Obligations, whether incurred with
     respect to third parties or otherwise, in any way resulting from, arising
     out of or in connection with, based upon or relating to (A) the Securities
     Act, the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
     or any other applicable securities or other laws, in connection with any
     Securities Offering, any Related Document or any of the transactions
     contemplated thereby, (B) any other action or failure to act of Holding,
     the Company, or any of their predecessors, whether such action or failure
     has occurred or is yet to occur or (C) except to the extent such
     Obligation is determined by a court, in a final judgment from which no
     further appeal may be taken, to have resulted solely from the gross
     negligence or intentional misconduct by BRS, the engagement of, or
     performance by, BRS of

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     management consulting, monitoring, financial advisory or other services for
     Holding or the Company; and

          (ii)  to the fullest extent permitted by Delaware law, from and
     against any and all Obligations in any way resulting from, arising out of
     or in connection with, based upon or relating to (A) the fact that such
     Indemnitee is or was a director or an officer of Holding or the Company, as
     the case may be, or is or was serving at the request of such corporation as
     a director, officer, employee or agent of or advisor or consultant to
     another corporation, partnership, joint venture, trust or other enterprise
     or (B) any breach or alleged breach by such Indemnitee of his or her
     fiduciary duty as a director or an officer of Holding or the Company, as
     the case may be.

     (b)  Without in any way limiting the foregoing Section 2(a), each of
Holding and the Company agrees to indemnify, defend and hold harmless each
Indemnitee from and against any and all Obligations resulting from, arising out
of or in connection with, based upon or relating to liabilities under the
Securities Act, the Exchange Act or any other applicable securities or other
laws, rules or regulations in connection with (i) the inaccuracy or breach of or
default under any representation, warranty, covenant or agreement in any Related
Document, (ii) any untrue statement or alleged untrue statement of a material
fact contained in any Related Document or (iii) any omission or alleged omission
to state in any Related Document a material fact required to be stated therein
or necessary to make the statements therein not misleading. Notwithstanding the
foregoing, neither Holding nor the Company shall be obligated to indemnify such
Indemnitee from and against any such Obligation to the extent that such
Obligation arises out of or is based upon an untrue statement or omission made
in such Related Document in reliance upon and in conformity with written
information furnished to Holding or the Company, as the case may be, in an
instrument duly executed by such Indemnitee and specifically stating that it is
for use in the preparation of such Related Document.

     3.   Contribution.

     (a)  Except to the extent that Section 3(b) is applicable, if for any
reason the indemnity provided for in Section 2(a) is unavailable or is
insufficient to hold harmless any Indemnitee from any of the Obligations covered
by such indemnity, then Holding and the Company shall contribute to the amount
paid or payable by such Indemnitee as a result of such Obligation in such
proportion as is appropriate to reflect (i) the relative fault of each of
Holding and the Company, on the one hand, and such Indemnitee, on the other, in
connection with the state of facts giving rise to such Obligation, (ii) if such
Obligation results from, arises out of, is based upon or relates to any
Securities Offering, the relative benefits received by each of Holding and the
Company, on the one hand, and such Indemnitee, on the other, from such
Securities Offering and (iii) if required by applicable law, any other relevant
equitable considerations.

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     (b)  If for any reason the indemnity specifically provided for in Section
2(b) is unavailable or is insufficient to hold harmless any Indemnitee from any
of the Obligations covered by such indemnity, then Holding and the Company shall
contribute to the amount paid or payable by such Indemnitee as a result of such
Obligation in such proportion as is appropriate to reflect (i) the relative
fault of each of Holding and the Company, on the one hand, and such Indemnitee,
on the other, in connection with the information contained in or omitted from
any Related Document, which inclusion or omission resulted in the inaccuracy or
breach of or default under any representation, warranty, covenant or agreement
therein, or which information is or is alleged to be untrue, required to be
stated therein or necessary to make the statements therein not misleading, (ii)
the relative benefits received by Holding and the Company, on the one hand, and
such Indemnitee, on the other, from such Securities Offering and (iii) if
required by applicable law, any other relevant equitable considerations.

     (c)  For purposes of Section 3(a), the relative fault of each of Holding
and the Company, on the one hand, and of the Indemnitee, on the other, shall be
determined by reference to, among other things, their respective relative
intent, knowledge, access to information and opportunity to correct the state of
facts giving rise to such Obligation. For purposes of Section 3(b), the relative
fault of each of Holding and the Company, on the one hand, and of the
Indemnitee, on the other, shall be determined by reference to, among other
things, (i) whether the included or omitted information relates to information
supplied by Holding or the Company, on the one hand, or by such Indemnitee, on
the other, and (ii) their respective relative intent, knowledge, access to
information and opportunity to correct such inaccuracy, breach, default, untrue
or alleged untrue statement, or omission or alleged omission. For purposes of
Section 3(a) or 3(b), the relative benefits received by each of Holding and the
Company, on the one hand, and the Indemnitee, on the other, shall be determined
by weighing the direct monetary proceeds to Holding and the Company, on the one
hand, and such Indemnitee, on the other, from such Securities Offering.

     (d)  The parties hereto acknowledge and agree that it would not be just and
equitable if contributions pursuant to Section 3(a) or 3(b) were determined by
pro rata allocation or by any other method of allocation that does not take into
account the equitable considerations referred to in such respective Section.
Holding and the Company shall not be liable under Section 3(a) or 3(b), as
applicable, for contribution to the amount paid or payable by any Indemnitee
except to the extent and under such circumstances as Holding or the Company
would have been liable to indemnify, defend and hold harmless such Indemnitee
under the corresponding Section 2(a) or 2(b), as applicable, if such indemnity
were enforceable under applicable law. No Indemnitee shall be entitled to
contribution from Holding or the Company with respect to any Obligation covered
by the indemnity specifically provided for in Section 2(b) in the event that
such Indemnitee is finally determined to be guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) in
connection with such

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Obligation and Holding and the Company are not guilty of such fraudulent
misrepresentation.

     4.   Indemnification Procedures.

     (a)  Whenever any Indemnitee shall have actual knowledge of the reasonable
likelihood of the assertion of a Claim, BRS (acting on its own behalf or, if
requested by any such Indemnitee other than itself, on behalf of such
Indemnitee) or such Indemnitee shall notify Holding, the Company or the
appropriate Subsidiary, as the case may be, in writing of the Claim (the "Notice
of Claim") with reasonable promptness after such Indemnitee has such knowledge
relating to such Claim and has notified BRS thereof. The Notice of Claim shall
specify all facts known to BRS that may give rise to such Claim and the monetary
amount or an estimate of the monetary amount of the Obligation involved if BRS
has knowledge of such amount or a reasonable basis for making such an estimate.
The failure of BRS to give such Notice of Claim shall not relieve Holding and
the Company of their respective indemnification obligations under this Agreement
except to the extent that such omission results in a failure of actual notice to
them and they are materially injured as a result of the failure to give such
Notice of Claim. Holding and the Company shall, at their expense, undertake the
defense of such Claim with attorneys of their own choosing satisfactory in all
respects to BRS. BRS may participate in such defense with counsel of BRS's
choosing at the expense of Holding and the Company. In the event that none of
Holding and the Company undertakes the defense of the Claim within a reasonable
time after BRS has given the Notice of Claim, BRS may, at the expense of Holding
and the Company and after giving notice to Holding and the Company of such
action, undertake the defense of the Claim and compromise or settle the Claim,
all for the account of and at the risk of Holding and the Company. In the
defense of any Claim, Holding and the Company shall not, except with the consent
of BRS, consent to entry of any judgment or enter into any settlement that
includes any injunctive or other non-monetary relief, or that does not include
as an unconditional term thereof the giving by the person or persons asserting
such Claim to such Indemnitee of a release from all liability with respect to
such Claim. In each case, BRS and each other Indemnitee seeking indemnification
hereunder will cooperate with Holding and the Company, so long as Holding and
the Company are conducting the defense of the Claim, in the preparation for and
the prosecution of the defense of such Claim, including making available
evidence within the control of BRS or such Indemnitee, as the case may be, and
persons needed as witnesses who are employed by BRS or such Indemnitee, as the
case may be, in each case as reasonably needed for such defense and at cost,
which cost, to the extent reasonably incurred, shall be paid by Holding and the
Company.

     (b)  Holding and the Company hereby agree to advance costs and expenses,
including attorney's fees, incurred by BRS (acting on its own behalf or, if
requested by any such Indemnitee other than itself, on behalf of such
Indemnitee) or any Indemnitee in defending any Claim in advance of the final
disposition of such Claim upon receipt of an

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undertaking by or on behalf of BRS or such Indemnitee to repay amounts so
advanced if it shall ultimately be determined that BRS or such Indemnitee is not
entitled to be indemnified by Holding and the Company as authorized by this
Agreement.

     (c)  BRS shall notify Holding and the Company in writing of the amount of
any Claim actually paid by BRS (the "Notice of Payment"). The amount of any
Claim actually paid by BRS shall bear simple interest at the rate equal to the
prime rate most recently set forth in The Wall Street Journal as of the date of
such payment plus 2% per annum, from the date Holding or the Company receives
the Notice of Payment to the date on which Holding or the Company shall repay
the amount of such Claim plus interest thereon to BRS.

     5.   Certain Covenants. Holding agrees to cause the Company to perform its
obligations under this Agreement. The rights of each Indemnitee to be
indemnified under any other agreement, document, certificate or instrument or
applicable law are independent of and in addition to any rights of such
Indemnitee to be indemnified under this Agreement. The rights of each Indemnitee
and the obligations of Holding and the Company hereunder shall remain in full
force and effect regardless of any investigation made by or on behalf of such
Indemnitee. Each of Holding and the Company shall maintain the State of Delaware
as its state of incorporation and shall implement and maintain in full force and
effect any and all corporate charter and by-law provisions that may be necessary
or appropriate to enable it to carry out its obligations hereunder to the
fullest extent permitted by Delaware corporate law, including without limitation
a provision of its certificate of incorporation eliminating liability of a
director for breach of fiduciary duty to the fullest extent permitted by Section
102(b)(7) (or any successor section thereto) of the General Corporation Law of
the State of Delaware, as it may be amended from time to time.

     6.   Notices. All notices and other communications hereunder shall be in
writing and shall be delivered by certified or registered mail (first class
postage prepaid and return receipt requested), telecopier, overnight courier or
hand delivery, as follows:

          (a)   if to the Company, to:
                Remington Arms Company, Inc.
                870 Remington Drive
                P.O. Box 700
                Madison, North Carolina 27025-0700
                Fax Number: (336) 598-7779
                Attention:  Secretary

          (b)   if to Holding, to it care of the Company at the address set
          forth above

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          (c)   if to BRS, to:

                c/o Bruckmann, Rosser, Sherrill & Co., L.L.C.
                126 East 56th Street
                New York, New York  10022
                Fax Number:  (212) 521-3799
                Attention:  Stephen C. Sherrill

          (d)   if to the BRS Fund, to:

                c/o Bruckmann, Rosser, Sherrill & Co., L.L.C.
                126 East 56th Street
                New York, New York  10022
                Fax Number:  (212) 521-3799
                Attention:  Stephen C. Sherrill

or to such other address or such other person as Holding, the Company, BRS or
the BRS Fund, as the case may be, shall have designated by notice to the other
parties hereto. All communications hereunder shall be effective upon receipt by
the party to which they are addressed. A copy of any notice or other
communication given under this Agreement shall also be given to:

                Debevoise & Plimpton
                919 Third Avenue
                New York, New York 10022
                Fax Number:  (212) 909-6836
                Attention:  Paul S. Bird, Esq.

                And

                Kirkland & Ellis
                Citigroup Center
                153 East 53rd Street
                New York, New York 10022-4675
                Fax Number:  (212) 446-4900
                Attention:  Kim Taylor, Esq.

     7.   Governing Law. This Agreement shall be governed in all respects,
including validity, interpretation and effect, by the law of the State of New
York, regardless of the law that might be applied under principles of conflict
of laws, except to the extent that the corporate law of the State of Delaware
specifically and mandatorily applies, in which case such law shall apply.

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     8.   Severability. If any provision or provisions of this Agreement shall
be held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions hereof shall not in any way be
affected or impaired thereby.

     9.   Miscellaneous. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. This Agreement shall be binding upon and inure
to the benefit of each party hereto and its successors and permitted assigns,
and each other Indemnitee, but neither this Agreement nor any right, interest or
obligation hereunder shall be assigned, whether by operation of law or
otherwise, by Holding or the Company without the prior written consent of BRS
and the BRS Fund. This Agreement is not intended to confer any right or remedy
hereunder upon any person other than each of the parties hereto and their
respective successors and permitted assigns and each other Indemnitee. This
Agreement may be amended, modified or supplemented only by a written instrument
executed by all of the parties hereto. Any waiver of any term or provision
hereof must be in writing and signed by the party entitled to the benefits of
such term or provision, and no waiver of a failure to observe any term or
provision hereof shall operate as a waiver of any subsequent failure to observe
any term or provision hereof unless such waiver expressly so provides. This
Agreement may be executed in several counterparts, each of which shall be deemed
an original, and all of which together shall constitute one and the same
instrument.

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     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement by
their authorized representatives as of the date first above written.

                                      RACI HOLDING, INC.

                                      By:  /s/  Mark A. Little
                                           ------------------------------------
                                           Name:  Mark A. Little
                                           Title: Chief Financial Officer

                                      REMINGTON ARMS COMPANY, INC.

                                      By:  /s/  Mark A. Little
                                           ------------------------------------
                                           Name:  Mark A. Little
                                           Title: Executive Vice President

                                      BRUCKMANN, ROSSER, SHERRILL & CO., L.L.C.

                                      By:  /s/  Stephen Sherrill
                                           ------------------------------------
                                           Name:  Stephen Sherrill
                                           Title: Managing Director

                                      BRUCKMANN, ROSSER, SHERRILL & CO. II, L.P.

                                         By: BRSE, L.L.C.,
                                            its general partner

                                         By: /s/  Stephen Sherrill
                                             ----------------------------------
                                             Name:  Stephen Sherrill
                                             Title: Managing Director

                                       10<PAGE>

                                                                   EXHIBIT 10.15

                                                                  EXECUTION COPY

                SECOND AMENDED AND RESTATED CONSULTING AGREEMENT

     This SECOND AMENDED AND RESTATED CONSULTING AGREEMENT, dated as of February
12, 2003 (the "Agreement"), by and among RACI Holding, Inc., a Delaware
corporation ("Holding"), Remington Arms Company, Inc., a Delaware corporation
and wholly owned subsidiary of Holding (the "Company"), Clayton, Dubilier &
Rice, Inc., a Delaware corporation ("CD&R") and, for purposes of Section 4
only, Bruckmann, Rosser, Sherrill & Co. L.L.C., a Delaware limited liability
company ("BRS").

                              W I T N E S S E T H:

     WHEREAS, the Company acquired its business in a transaction arranged by
CD&R, and in connection therewith CD&R provided consulting services to the
Company;

     WHEREAS, after the acquisition Holding and the Company entered into a
Consulting Agreement, dated as of December 1, 1993 (the "Original Agreement"),
pursuant to which Holdings and the Company receive financial and managerial
advisory services from CD& R;

     WHEREAS, on January 1, 2001, the parties to the Original Agreement amended
and restated the Original Agreement in its entirety and entered into the Amended
and Restated Agreement (the "Amended and Restated Agreement");

     WHEREAS, pursuant to an Investment Agreement, dated as of December 19, 2002
(the "Investment Agreement"), by and among Holding, The Clayton & Dubilier
Private Equity Fund IV Limited Partnership (the "C&D Fund") and Bruckmann,
Rosser, Sherrill & Co. II, L.P. ( "BRS Fund II"), among other things, Holding
issued to BRS Fund II 135,954 shares of Class A Common Stock, par value $0.01
per share of Holding ("Common Stock") for a cash purchase price equal to $220.31
per share (the "Share Purchase Price") for an aggregate purchase price of
$29,952,025 (the "Investment") as of the date hereof;

     WHEREAS, in connection with the closing of the transactions contemplated by
the Investment Agreement, Holding, the Company, BRS and CD&R entered into a
Consulting Agreement, dated as of the date hereof (the "BRS Consulting
Agreement"), pursuant to which, among other things, BRS will provide consulting
services to each of Holding and the Company, and each of Holding and the Company
will compensate BRS for such consulting services; and

     WHEREAS, in connection with the closing of the transactions contemplated by
the Investment Agreement and in connection with the BRS Consulting Agreement,
the parties to the Amended and Restated Agreement wish to extend the term of the
Amended and Restated Agreement and amend certain provisions of the Amended and
Restated Agreement and, in connection therewith, to amend and restate the
Amended and Restated Agreement in its entirety;

<PAGE>

     NOW, THEREFORE, in consideration of the premises and the respective
agreements hereinafter set forth and the mutual benefits to be derived herefrom,
the parties hereto hereby agree as follows:

     1.    Engagement. Holding and the Company hereby engage CD&R as a
consultant, and CD&R hereby agrees to provide financial and managerial advisory
services to Holding and the Company, all on the terms and subject to the
conditions set forth below.

     2.    Services, etc. (a) CD&R hereby agrees during the term of this
engagement to assist, advise and consult with the respective Boards of Directors
and management of Holding and the Company and their respective subsidiaries in
such manner and on such business, management and financial matters, and provide
such other financial and managerial advisory services, as may be reasonably
requested from time to time by the Boards of Directors of Holding and the
Company (the "Continuing Services"), including but not limited to assistance in:

     (i)   establishing and maintaining banking, legal and other business
           relationships for the Company and its subsidiaries;

     (ii)  developing and implementing corporate and business strategy and
           planning for the Company and its subsidiaries, including plans and
           programs for improving operating, marketing and financial performance
           and budgeting of future corporate investments;

     (iii) arranging future debt and equity financings and refinancings; and

     (iv)  providing professional employees to serve as directors of Holding and
           the Company.

     (b)   CD&R hereby agrees during the term of this engagement to provide the
Company and Holding financial advisory, investment banking and other similar
services (the "Transaction Services") with respect to any proposal for an
acquisition, merger, recapitalization or any other similar transaction directly
or indirectly involving Holding the Company and their subsidiaries and any other
person or entity (collectively, "Add-on Transactions").

     (c)   Holding and the Company will furnish CD&R with such information as
CD&R believes appropriate to its engagement hereunder (all such information so
furnished being referred to herein as the "Information"). Holding and the
Company recognize and confirm that (i) CD&R will use and rely primarily on the
Information and on information available from generally recognized public
sources in performing the services to be performed hereunder and (ii) CD&R does
not assume responsibility for the accuracy or completeness of the Information
and such other information.

     (d)   As used in this Agreement, "affiliate" means, with respect to any
person or entity, any other person or entity directly or indirectly controlling,
controlled by

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or under common control with such first person or entity and "control" means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management policies of a person or entity by reason of
ownership of voting securities, by contract or otherwise.

     (e)   Notwithstanding anything in the foregoing to the contrary, the
following services are specifically excluded from the definitions of "Consulting
Services" and "Transaction Services":

     (i)   Accounting services rendered to Holding, the Company or CD&R by an
           independent accounting firm or accountant (i.e., an accountant who is
           not an employee of BRS);

     (ii)  Legal services to Holding, the Company or CD&R by an independent law
           firm or attorney (i.e., an attorney who is not an employee of
           CD&R); and

     (iii) Actuarial services rendered to Holding, the Company or CD&R by an
           independent actuarial firm or actuary (i.e., an actuary who is not an
           employee of CD&R).

     3.    Compensation; Payment of Expenses. (a) The Company agrees to pay to
CD&R, as compensation for services rendered and to be rendered under this
Agreement pursuant to Section 2 hereof by CD&R hereunder, a fee of $500,000 per
year (the "Continuing Services Fee"), one quarter of which shall be payable
quarterly in advance on the first day of each of January, April, July and
October commencing on January 1, 2003. CD&R acknowledges that the Continuing
Services Fee payable by the Company to CD&R for the quarterly period commencing
January 1, 2003 has been paid by the Company in full. Such Continuing Services
Fee may be increased with the approval of a majority of the members of the
Company's Board of Directors who are not employees of Holding, the Company, CD&R
or any affiliate of CD&R (the "Disinterested Directors") but may not be
decreased without the prior written consent of CD&R. If any employee of CD&R
shall be elected to serve on the Board of Directors of Holding or the Company or
any of their affiliates (a "Designated Director"), in consideration of the
Continuing Services Fee being paid to CD&R, CD&R shall cause such Designated
Director to waive any and all fees to which such director would otherwise be
entitled as a director for any period for which the Continuing Services Fee or
any installment thereof is paid.

     (b)   If an employee of CD&R is appointed to an executive management
position (or a position of comparable responsibility), whether in addition to or
other than as a Designated Director, in the Company or Holding, then for the
period of such employee's service in such position the Continuing Services Fee
shall be increased by an amount to be determined by CD&R, such amount not to
exceed 100% of the Continuing Services Fee in effect at such time.

                                        3

<PAGE>

     (c)   The Company agrees to pay to CD&R upon consummation of any Add-on
Transaction, as compensation for Transaction Services rendered by CD&R hereunder
with respect to such Add-on Transaction, a cash fee equal to 1.0% of the
Transaction Value of such Add-on Transaction (the "Add-on Fee"). Payment by the
Company of an Add-on Fee in excess of 1.0% of the Transaction Value of the
Add-on Transaction shall require the approval of a majority of the Disinterested
Directors, provided that an Add-on Fee shall not be payable in connection with
the sale by way of merger or otherwise of all or substantially all of the
outstanding shares of capital stock of Holding or the sale of all or
substantially all of the assets of Holding and its subsidiaries. As used herein,
the term "Transaction Value" means the total value of the Add-on Transaction,
including, without limitation, the aggregate amount of the cash funds or other
securities required to complete the Add-on Transaction (excluding any fees
payable pursuant to this Section 3(c)) including the amount of any indebtedness,
preferred stock or similar items assumed, refinanced or left outstanding. For
purposes of calculating the Add-on Fee, the value of any securities included in
the Transaction Value will be determined by the average of the last sales prices
for such securities on the five trading days ending five days prior to the
consummation of the Add-on Transaction, provided that if such securities do not
have an existing public trading market, the value of the securities shall be
their fair market value as mutually agreed between the Company and CD&R on the
day prior to consummation of the Add-on Transaction.

     (d)   The Company shall pay directly or reimburse CD&R for such reasonable
travel and other out-of-pocket expenses ("Expenses") as may be incurred by CD&R
and its employees and agents in the course or on account of rendering any
services hereunder, including but not limited to any fees and expenses of any
legal, accounting or other professional advisors to CD&R engaged in connection
with the services being provided hereunder and any expenses incurred by any
Designated Director in connection with the performance of his or her duties.
CD&R may submit monthly expense statements, which shall be payable within thirty
days.

     4.    Pro Rata Payment. Each of Holding, the Company, BRS and CD&R hereto
acknowledges that Holding and the Company entered into the BRS Consulting
Agreement with BRS as of the date hereof, and that pursuant to the terms of such
agreement, Holding and the Company shall be obligated to make payments to BRS of
the fees and expenses set forth therein. Each of Holding, the Company, BRS and
CD&R hereto agree that payments required to be made to CD&R under this Agreement
and payments required to be made to BRS under the BRS Agreement shall be made
pro rata and neither BRS nor CD&R shall receive a preference or priority with
respect to such payment unless BRS and CD&R otherwise agree in writing or unless
this Agreement or the BRS Agreement has terminated in accordance with the terms
hereof or thereof, respectively.

     5.    Term, etc. (a) This Agreement shall be in effect until, and shall
terminate upon, February 12, 2013, and thereafter, will be extended for
successive one year periods. This Agreement may be earlier terminated by either
party hereto upon 30 days' prior written notice to the other party hereto. The
provisions of this Agreement shall survive any termination of this Agreement,
except for the provisions of Section 1,

                                        4

<PAGE>

Section 2(b), Section 2(a), the first sentence of Section 2(c) and (solely as to
any portion of any Continuing Services Fee, any Add-on Fee or any Expense not
paid or reimbursed prior to such termination and not required to be paid or
reimbursed thereafter pursuant to Section 5(c) hereof) Section 3 hereof.

     (b)   Upon any consolidation or merger, or any conveyance, transfer or
lease of all or substantially all of the assets of Holding or the Company as an
entirety, the successor corporation formed by such consolidation or into which
Holding or the Company is merged or to which such conveyance, transfer or lease
is made shall succeed to, and be substituted for, Holding or the Company under
this Agreement with the same effect as if such successor corporation has been a
party thereto. No such consolidation, merger or conveyance, transfer or lease of
all or substantially all of the assets of Holding or the Company shall have the
effect of terminating this Agreement or of releasing Holding or the Company or
any such successor corporation from its obligations hereunder.

     (c)   Upon any termination of this Agreement, any accrued and unpaid
installment of the Continuing Services Fee or portion thereof (pro rated, with
respect to the month in which such termination occurs, for the portion of such
month that precedes such termination), any accrued and unpaid Add-on Fee or
portion thereof and any unpaid and unreimbursed Expenses that shall have been
incurred prior to such termination (whether or not such Expenses shall then have
become payable), shall be immediately paid or reimbursed, as the case may be, by
the Company. In the event of the liquidation of the Company, all amounts due
CD&R hereunder shall be paid to CD&R before any liquidating distributions or
similar payments are made to stockholders of Holding or the Company.

     6.    Indemnification. (a) Holding and the Company confirm and reaffirm
their obligations pursuant to the Indemnification Agreement, dated as of
November 30, 1993, (the "Indemnification Agreement"), among Holding, the
Company, CD&R and The Clayton & Dubilier Private Equity Fund IV Limited
Partnership, as the same may be amended, waived, modified or supplemented from
time to time in accordance with the terms thereof. Without limiting the
generality of the foregoing, Holding and the Company confirm and agree that (a)
Holding and the Company shall indemnify, defend and hold harmless CD&R, the C&D
Fund (as defined in the Indemnification Agreement), C&D Associates (as defined
in the Indemnification Agreement) and each of the respective directors,
officers, principals, members, partners, employees, agents, advisors,
representatives, affiliates and controlling persons (within the meaning of the
Securities Act of 1933, as amended) of CD&R, the C&D Fund and C&D Associates
(collectively, "Indemnitees") from and against any and all claims, obligations,
liabilities (joint or several), causes of action, actions, suits, proceedings,
investigations, judgments, decrees, losses, damages, fees, costs and expenses
(including without limitation interest, penalties and fees and disbursements of
attorneys, accountants, investment bankers and other professional advisors)
(collectively, "Obligations"), whether incurred with respect to third parties or
otherwise, in any way resulting from, arising out of or in connection with,
based upon or relating to, the performance of the services contemplated hereby,
except to the extent that any such Obligation is found in a

                                        5

<PAGE>

final judgment by a court having jurisdiction from which no further appeal may
be taken to have resulted from the gross negligence or intentional misconduct of
CD&R, (b) no Indemnitee shall have any liability (whether direct or indirect, in
contract or tort or otherwise) to Holding, the Company or their respective
security holders or creditors with respect to any Obligation in any way
resulting from, arising out of or in connection with, based upon or relating to,
the performance of the services contemplated hereby, except to the extent that
any such Obligation is found in a final judgment by a court having jurisdiction
from which no further appeal may be taken to have resulted from the gross
negligence or intentional misconduct of CD&R, and (c) the rights of each
Indemnitee to be indemnified under any agreement, document, certificate or
instrument or applicable law are independent of and in addition to any rights of
such Indemnitee under any other agreement, document, certificate or instrument
or applicable law.

     (b)   The Company hereby agrees to advance costs and expenses, including
attorneys' fees, incurred by CD&R (acting on its own behalf or, if requested by
any such Indemnitee other than itself, on behalf of such Indemnitee) or any
Indemnitee in defending any claim relating to any Obligation in advance of the
final disposition of such claim within 30 days of receipt from CD&R of (i) a
notice setting forth the amount of such costs and expenses (a "Payment Notice")
and (ii) an undertaking by or on behalf of CD&R or such Indemnitee to repay
amounts so advanced if it shall ultimately be determined that CD&R or such
Indemnitee is not entitled to be indemnified by the Company as authorized by
this Agreement. CD&R may submit Payment Notices to the Company monthly.

     7.    Independent Contractor Status. The parties agree that CD&R shall
perform services hereunder as an independent contractor, retaining control over
and responsibility for its own operations and personnel. Neither CD&R nor any of
its employees or agents shall, solely by virtue of the Agreement or the
arrangements hereunder, be considered employees or agents of Holding or the
Company nor shall any of them have authority to contract in the name of or bind
the Company or Holding, except (a) to the extent that any professional employee
of CD&R may be serving as an officer of the Company pursuant to Section 3(b)
hereof, (b) as expressly agreed to in writing by Holding or the Company and (c)
the Company hereby acknowledges and agrees that any agreements, arrangements or
understandings entered into by CD&R on behalf of the Company prior to the date
hereof in connection with the formation of the Company and the acquisition by
the Company of its business (including, but not limited to, any confidentiality
agreements, agreements with brokers or finders and any arrangements relating to
the financing of such acquisition) shall be obligations of the Company binding
on it to the same extent as such obligations may be binding on CD&R and the
Company shall fully perform, and shall indemnify and hold harmless CD&R from and
against, all such obligations pursuant to Section 6. Any duties of CD&R arising
out of its engagement to perform services hereunder shall be owed solely to
Holding and the Company.

     8.    Notices. Any notice or other communication required or permitted to
be given or made under this Agreement by one party to the other parties shall be
in writing and shall be deemed to have been duly given and effective (i) on the
date of

                                        6

<PAGE>

delivery if delivered personally or (ii) when sent if sent by prepaid telegram,
or mailed first-class, postage prepaid, registered or certified mail, or
facsimile transmission as follows (or to such other address as shall be given in
writing by one party to the other parties in accordance herewith):

                  If to the Company to:

                           Remington Arms Company, Inc.
                           870 Remington Drive
                           P.O. Box 700
                           Madison, North Carolina 27025-0700
                           Fax Number:  (336) 548-7779
                           Attention:  Secretary

                  If to Holding, to it care of
                  the Company at the address set
                  forth above.

                  If to CD&R to:

                           Clayton, Dubilier & Rice, Inc.
                           126 East 56th Street
                           New York, New York 10022
                           Attention:  Joseph L. Rice, III
                           Telephone:  (212) 355-0740
                           Telecopy:   (212) 752-7629

                  In any case, with a copy to:

                           Debevoise & Plimpton
                           919 Third Avenue
                           New York, New York 10022
                           Telecopy:   (212) 909-6836
                           Attention:  Paul S. Bird, Esq.

     9.    Entire Agreement. This Agreement, together with the Indemnification
Agreement (a) contain the complete and entire understanding and agreement of
CD&R, Holding and the Company with respect to the subject matter hereof, and (b)
supersede all prior and contemporaneous understandings, conditions and
agreements, oral or written, express or implied, in respect of the subject
matter hereof, including but not limited to the Original Agreement, the Amended
and Restated Agreement and in respect of the engagement of CD&R in connection
with the subject matter hereof. There are no representations or warranties of
CD&R in connection with this Agreement or the services to be provided hereunder,
except as expressly made and contained in this Agreement.

                                       7

<PAGE>

     10.   Headings. The headings contained in this Agreement are for purposes
of convenience only and shall not affect the meaning or interpretation of this
Agreement.

     11.   Counterparts. This Agreement may be executed in several counterparts,
each of which shall be deemed an original and all of which shall together
constitute one and the same instrument.

     12.   Binding Effect; Assignment. This Agreement shall be binding upon and
inure to the benefit of the parties to this Agreement and their respective
successors and assigns and to each Indemnitee, provided that none of CD&R,
Holding or the Company may assign any of its rights or obligations under this
Agreement without the express written consent of the other party hereto, except
(i) pursuant to Section 5(b) and (ii) CD&R may assign its rights and obligations
hereunder to any other person or entity controlled, directly or indirectly, by
any principal of CD&R, so long as such person or entity manages the C&D Fund or
any other private equity investment fund that, at such time, owns the Common
Stock held by the C&D Fund as of the date hereof. This Agreement is not intended
to confer any right or remedy hereunder upon any person other than the parties
to this Agreement and their respective successors and permitted assigns and each
Indemnitee.

     13.   Permissible Activities. Nothing herein shall in any way preclude CD&R
or its affiliates or its respective officers, directors and partners from
engaging in any business activities or from performing services for its or their
own account or for the account of others, including, without limitation,
companies which may be in competition with the business conducted by the Company
or Holding.

     14.   No Joint Obligations of CD&R and BRS. The obligations of CD&R
hereunder relate only to itself and not to BRS and any obligations of CD&R and
BRS under their respective consulting agreements with the Company and Holding
are several and not joint.

     15.   Governing Law. This Agreement shall be deemed to be a contract made
under, and is to be governed and construed in accordance with, the laws of the
State of New York, without regard to the conflict of laws principles or rules
thereof. Holding, the Company and CD&R hereby irrevocably submit to the
jurisdiction of the courts of the State of New York and the Federal courts of
the United States of America located in the State, City and County of New York
solely in respect of the interpretation and enforcement of the provisions of
this Agreement, and hereby waive, and agree not to assert, as a defense in any
action, suit or proceeding for the interpretation or enforcement hereof, that it
is not subject thereto or that such action, suit or proceeding may not be
brought or is not maintainable in such courts or that the venue thereof may not
be appropriate or that this Agreement may not enforced in or by such courts, and
the parties hereto irrevocably agree that all claims with respect to such action
or proceeding shall be heard and determined in such a New York State or Federal
court. Holding, the Company and CD&R hereby consent to and grant any such court
jurisdiction over the person of such parties and over the subject matter of any
such dispute and agree that mailing of

                                       8

<PAGE>

process or other papers in connection with any such action or proceeding in the
manner provided in Section 8, or in such other manner as may be permitted by
law, shall be valid and sufficient service thereof.

     16.   Waiver of Jury Trial. Each party hereto acknowledges and agrees that
any controversy that may arise under this Agreement is likely to involve
complicated and difficult issues, and therefore it hereby irrevocably and
unconditionally waives any right it may have to a trial by jury in respect of
any litigation directly or indirectly arising out of or relating to this
Agreement, or the breach, termination or validity of this Agreement, or the
transactions contemplated by this Agreement. Each party certifies and
acknowledges that (a) no representative, agent or attorney of any other party
has represented, expressly or otherwise, that such other party would not, in the
event of litigation, seek to enforce the foregoing waiver, (b) it understands
and has considered the implications of this waiver, (c) it makes this waiver
voluntarily, and (d) it has been induced to enter into this Agreement by, among
other things, the mutual waivers and certifications contained in this Section
16.

     17.   Amendment; Waivers. No amendment, modification, supplement or
discharge of this Agreement, and no waiver hereunder, shall be valid or binding
unless set forth in writing and duly executed by the party or Indemnitee against
whom enforcement of the amendment, modification, supplement, discharge or waiver
is sought (and in the case of Holding and the Company, approved by resolution of
the Boards of Directors of Holding and the Company). Any such waiver shall
constitute a waiver only with respect to the specific matter described in such
writing and shall in no way impair the rights of the party or Indemnitee
granting such waiver in any other respect or at any other time. Neither the
waiver by any of the parties hereto or any Indemnitee of a breach of or a
default under any of the provisions of this Agreement, nor the failure by any
party hereto or any Indemnitee on one or more occasions, to enforce any of the
provisions of this Agreement or to exercise any right, powers or privilege
hereunder, shall be construed as a waiver of any other breach or default of a
similar nature, or as a waiver of any of such provisions, rights, power or
privileges hereunder. The rights and remedies herein provided are cumulative and
are not exclusive of any rights or remedies that any party or Indemnitee may
otherwise have at law or in equity or otherwise.

                                        9

<PAGE>

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

                                      CLAYTON, DUBILIER & RICE, INC.

                                      By: /s/ Donald J. Gogel
                                          -------------------------------
                                          Name:  Donald J. Gogel
                                          Title: President

                                      RACI HOLDING, INC.

                                      By: /s/ Samuel G. Grecco
                                          -------------------------------
                                          Name:  Samuel G. Grecco
                                          Title: Secretary

                                      REMINGTON ARMS COMPANY, INC.

                                      By: /s/ Samuel G. Grecco
                                          -------------------------------
                                          Name:  Samuel G. Grecco
                                          Title: Secretary

                                       10

<PAGE>

     The undersigned is executing and delivering this Agreement solely for the
purposes of agreeing to Section 4 hereof.

                                      BRUCKMANN, ROSSER, SHERRILL & CO. L.L.C.

                                      By: /s/  Stephen Sherrill
                                          -------------------------------
                                          Name:  Stephen Sherrill
                                          Title: Managing Director

                                       11

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