Document:

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                                                                  EXHIBIT 10.31

                         SEPARATION AGREEMENT & RELEASE

         This is an Agreement between Home Depot U.S.A., Inc. (hereinafter
"Home Depot" or the "Company") and Dennis J. Carey (the "Executive").

         WHEREAS, the Company and the Executive intend the terms and conditions
of this Agreement to govern all issues related to the Executive's employment
and termination from the Company; and,

         WHEREAS, the Executive acknowledges that he has been given a
reasonable period of time, up to and including twenty-one (21) days, to
consider the terms of this Agreement; and,

         WHEREAS, the Company advises the Executive to consult with a lawyer
before signing this Agreement; and,

         WHEREAS, the Executive acknowledges that the consideration provided
him under this Agreement is sufficient to support the releases provided by him
under this Agreement; and,

         WHEREAS, the Executive represents that he has not filed any charges,
claims or lawsuits against the Company involving any aspect of his employment
which have not been terminated as of the date of this Agreement; and,

         WHEREAS, the Executive understands that the Company regards the
representations by him as material and that the Company is relying on these
representations in entering into this Agreement,

         NOW, THEREFORE, the Company and the Executive agree as follows:

1.       Employment Status and Termination Date. The Executive will provide
services at the direction of the Chief Executive Officer and/or the Executive
Vice President of Strategy, Business Development and Corporate Operations from
April 1, 2002 until September 30, 2002. The Executive will maintain his current
salary and benefits during this time. The Executive will be placed on a paid
Leave of Absence ("LOA") commencing on September 30, 2002 and extending through
September 30, 2003. Executive's last day of employment will be September 30,
2003 ("Termination Date"), or as otherwise provided in Paragraph 10 (Breach by
Executive) below. Executive shall not accrue any vacation days or credit
subsequent to September 30, 2002.

2.       Annual Salary. Executive shall continue at his current salary level
during the paid LOA.

3.       Annual Bonus. Executive will receive a bonus of $300,000 for Fiscal
Year 2001 and $600,000 for Fiscal Year 2002, such payments to be paid at the
same time as the Company normally pays its other officers their bonuses for
those respective years. Executive will not receive or be eligible for any other
bonus payments of any kind, including any bonus payments relating to Fiscal
Year 2003.

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4.       Benefits. The Executive will be eligible to continue to participate in
the Company's Executive benefit plans and programs during the paid LOA.

5.       Stock Options.

         (a)      All of Executive's outstanding, non-vested stock options will
                  vest in accordance with the terms of the original grant
                  except that none of such options shall vest after the
                  Termination Date. All of Executive's vested stock options
                  must be exercised within 90 days of the Termination Date.

         (b)      On the Termination Date, the restrictions on all of
                  Executive's outstanding shares of restricted stock will lapse
                  immediately.

         (c)      Executive shall not be eligible to receive any other
                  equity-based awards after the Effective Date set forth in
                  Paragraph 17.

6.       Outplacement Services. The Company shall provide outplacement services
for the Executive during the paid LOA. Such services shall be provided through
an agency selected by the Company. The Company shall also reimburse Executive
for the reasonable expenses for up to four (4) trips during the paid LOA for
job search purposes, pursuant to the Company's standard expense reimbursement
policies. The expenses for each trip may not exceed $2,500. To be eligible to
receive this reimbursement, Executive must not receive reimbursement from other
parties for the trip(s) and Executive must submit documentation of the expenses
in a form acceptable to the Company.

7.       Release of Claims. The Executive and his heirs, assigns, and agents
release, waive and discharge the Company and its past and present directors,
officers, employees, parents, subsidiaries, affiliates, related entities, and
agents from each and every claim, action or right of any sort, known or
unknown, arising on or before the Effective Date.

         (a)      The foregoing release includes, but is not limited to, any
                  claim of discrimination on the basis of race, sex, religion,
                  sexual orientation, national origin, disability, age, or
                  citizenship status; any other claim based on any local,
                  state, or federal prohibition, including but not limited to
                  claims under Title VII of the Civil Rights Act of 1964, as
                  amended, the Age Discrimination in Employment Act of 1967, as
                  amended, or the Americans With Disabilities Act; any claim
                  arising out of or related to any alleged express or implied
                  employment contract, any other alleged contract affecting
                  terms and conditions of employment, or an alleged covenant of
                  good faith and fair dealing; or any claim for severance pay,
                  bonus, salary, sick leave, stocks, attorneys' fees, holiday
                  pay, vacation pay, life insurance, health or medical
                  insurance or any other fringe benefit, workers' compensation
                  or disability.

         (b)      The Executive represents that he understands the foregoing
                  release, that rights and claims under the Age Discrimination
                  in Employment Act of 1967, as amended, are among the rights
                  and claims against the Company he is releasing, and that he
                  understands that he is not presently releasing any future
                  rights or claims that might arise after the Effective Date.

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         (c)      The Executive further agrees never to sue the Company or
                  cause the Company to be sued regarding any matter within the
                  scope of the above release. If the Executive violates this
                  Release by suing the Company or causing the Company to be
                  sued, the Company may recover all damages as allowed by law,
                  including all costs and expenses, including reasonable
                  attorneys' fees, incurred by the Company in defending against
                  the suit.

8.       Confidential Information. The Executive acknowledges that through his
employment with the Company he has acquired and had access to the Company's
confidential and proprietary business information and trade secrets. The
Executive agrees that the Company may prevent the use or disclosure of its
confidential information and proprietary business information and trade secrets
and acknowledges that the Company has taken all reasonable steps necessary to
protect the secrecy of the information. "Confidential Information" shall
include any data or information that is valuable to the Company and not
generally known to competitors of the Company or other outsiders, regardless of
whether the confidential information is in printed, written or electronic form,
retained in the Executive's memory or has been compiled or created by the
Executive. This includes, but is not limited to: technical, financial,
personnel, staffing, payroll, computer systems, marketing, advertising,
merchandising, product, vendor, customer or store planning data, trade secrets,
or other information similar to the foregoing. The Executive agrees that he has
not and in the future will not use or disclose to any third party Confidential
Information, unless compelled by law and after notice to the Company, and
further agrees to return all documents, disks, or any other item or source
containing Confidential Information, or any other Company property, to the
Company on or before September 30, 2002. If the Executive has any question
regarding what data or information would be considered by the Company to be
information subject to this provision, the Executive agrees to contact the
Executive Vice President, Human Resources for written clarification.

9.       Non-Competition and Non-Solicitation.

         (a)      The Executive agrees that he will not, prior to October 1,
                  2006, enter into or maintain an employment or contractual
                  relationship, either directly or indirectly, to provide
                  financial, executive or managerial services in the same or
                  similar manner as he did for the Company to any company or
                  entity engaged in any way in a business that competes
                  directly or indirectly with the Company, its parents,
                  subsidiaries, affiliates or related entities, in the United
                  States, Canada, Puerto Rico, Mexico, or any other location in
                  which the Company, its parents, subsidiaries, affiliates or
                  related entities currently conduct business or may conduct
                  business prior to October 1, 2006, without the prior written
                  consent of the Company. Businesses that compete with the
                  Company specifically include, but are not limited to, the
                  following entities and each of their subsidiaries,
                  affiliates, assigns, or successors in interest: Lowe's
                  Companies, Inc. (including, but not limited to, Eagle
                  Hardware and Garden); Hechinger Investment Company, Inc.
                  (including, but not limited to, Home Quarters, Hechinger, and
                  Builder's Square); Payless Cashways, Inc.; Dekor; Sears
                  (including, but not limited to, Orchard Supply and Hardware
                  Company); Wal-Mart; Home Base, Inc; and Menard, Inc.

         (b)      In the event the Executive wishes to enter into any
                  relationship or employment prior to October 1, 2006 which
                  would be covered by the above non-compete provision,

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                  Executive agrees to request written permission from the
                  Executive Vice President, Human Resources of the Company
                  prior to entering any such relationship or employment. The
                  Company may approve or not approve of the relationship or
                  employment at its absolute discretion.

         (c)      The Executive agrees that prior to October 1, 2006, he will
                  not directly or indirectly solicit any person who is an
                  employee of the Company to terminate his or her relationship
                  with the Company without prior written approval from the
                  Executive Vice President, Human Resources of the Company.

10.      Breach by Executive. The Company's obligations to the Executive under
this Agreement are contingent on Executive's performance of his obligations
under this Agreement. Any material breach by Executive of this Agreement will
result in the immediate cancellation of all Executive's stock options and
shares of restricted stock, the immediate termination of Executive's
employment, as well as entitle the Company to all its other remedies allowed in
law or equity, including but not limited to the return of any payments that it
made to Executive under this Agreement and the return to the Company of any
proceeds Executive received from stock options exercised after April 1, 2002 or
from shares of restricted stock.

11.      Executive Availability.

         (a)      During the paid LOA, the Executive agrees to make himself
                  reasonably available to the Company to respond to requests by
                  the Company for information pertaining to or relating to the
                  Company and/or the Company's affiliates, subsidiaries,
                  agents, officers, directors or employees which may be within
                  the knowledge of the Executive.

         (b)      At all times, including after the Termination Date, Executive
                  agrees to cooperate fully with the Company in connection with
                  any and all existing or future litigation, charges, or
                  investigations brought by or against the Company or any of
                  its past or present affiliates, agents, officers, directors
                  or employees, whether administrative, civil or criminal in
                  nature, in which and to the extent the Company deems the
                  Executive's cooperation necessary.

         (c)      In conjunction with Executive's commitments under subsections
                  (a) or (b) of this paragraph, the Company will reimburse the
                  Executive for reasonable out-of-pocket expenses incurred as a
                  result of such cooperation.

12.      Non-Disparagement. The Executive agrees that he will not make or cause
to be made any statements that disparage, are inimical to, or damage the
reputation of the Company or any of its past or present affiliates,
subsidiaries, agents, officers, directors or employees. In the event such a
communication is made to anyone, including but not limited to the media, public
interest groups and publishing companies, it will be considered a material
breach of the terms of this Agreement and the Executive will be required to
reimburse the Company for any and all compensation and benefits paid under the
terms of this Agreement and all commitments to make additional payments to the
Executive will be null and void.

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13.      Insider Trading. The Executive acknowledges that prior to the
Termination Date, he remains subject to the restrictions of the Company's
Insider Trading Policy. After the Termination Date, the Insider Trading Policy
will no longer apply to the Executive. However, the Executive acknowledges that
through his employment with the Company he may have learned material,
non-public information regarding the Company. The federal securities laws
prohibit trading by persons while aware of material, non-public information.
The Executive should seek advice of his legal counsel prior to conducting any
transactions in the Company's stock if the Executive thinks he may possess such
information.

14.      Future Employment. The Executive hereby understands and agrees that he
will not be re-employed by the Company in the future and that Executive will
never knowingly apply to the Company, its subsidiaries, affiliates, parents or
divisions for any job or position in the future.

15.      Severability of Provisions. In the event that any provision in this
Agreement is determined to be legally invalid or unenforceable by any court of
competent jurisdiction, and cannot be modified to be enforceable, the affected
provision shall be stricken from the Agreement, and the remaining terms of the
Agreement and its enforceability shall remain unaffected.

16.      Right to Revoke this Agreement. The Executive may revoke this
Agreement in writing within seven (7) days of signing it. The Agreement will
not take effect until the Effective Date. If the Executive revokes this
Agreement, all of its provisions shall be void and unenforceable.

17.      Effective Date. The Effective Date shall be the day after the end of
the revocation period described in Paragraph 16.

18.      Confidentiality. The Executive shall keep strictly confidential all
the terms and conditions, including amounts, in this Agreement and shall not
disclose them to any person other than the Executive's spouse and the
Executive's legal or financial advisor, unless compelled by law to do so. If a
person not a party to this Agreement requests or demands, by subpoena or
otherwise, that the Executive disclose or produce this Agreement or any terms
or conditions thereof, the Executive shall immediately notify the Company and
shall give the Company an opportunity to respond to such notice before taking
any action or making any decision in connection with such request or subpoena.

19.      Arbitration. Any dispute regarding any aspect of this Agreement or any
act which allegedly has or would violate any provision of this Agreement
("arbitrable dispute") will be submitted for final and binding arbitration in
Delaware before an experienced employment arbitrator licensed to practice law
in Delaware and selected in accordance with the rules of the American
Arbitration Association, as the exclusive remedy for such claim or dispute. The
decision of the arbitrator shall be final and binding and judgment on the award
may be entered in any court of competent jurisdiction. Should any party to this
Agreement hereafter institute any legal action or administrative proceeding
against the other with respect to any claim waived by this Agreement or pursue
any arbitrable dispute by any method other than said arbitration, the
responding party shall be entitled to recover from the initiating party all
damages as allowed by law, including but not limited to reasonable attorneys'
fees, costs and expenses incurred as a

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result of such action. This paragraph is not applicable to claims of violation
of Paragraphs 8, 9, 12 or 18 (Confidential Information; Non-Competition and
Non-Solicitation; Non-Disparagement; Confidentiality) of this Agreement.

20.      Non-Assignment. The Executive represents and warrants that as of the
date of this Agreement he has not assigned or transferred, or purported to
assign or transfer, to any person, firm, corporation, association or entity
whatsoever any released claim. Executive hereby agrees to indemnify and hold
the Company harmless against, without any limitation, any and all rights,
claims, warranties, demands, debts, obligations, liabilities, costs, court
costs, expenses, including attorneys' fees, causes of action or judgments based
on or arising out of any such assignment or transfer.

21.      Entire Agreement. This Agreement constitutes the entire understanding
between the parties. The parties have not relied on any oral statements that
are not included in this Agreement. Any modifications to this Agreement must be
in writing and signed by the Executive and an authorized Executive or agent of
the Company.

22.      Governing Law. This Agreement shall be construed, interpreted and
applied in accordance with the law of the State of Delaware, without giving
effect to the choice of law provisions thereof. Executive and the Company
hereby irrevocably submit to the exclusive concurrent jurisdiction of the
courts of Delaware. Executive and the Company also both irrevocably waive, to
the fullest extent permitted by applicable law, any objection either may now or
hereafter have to the laying of venue of any such dispute brought in such court
or any defense of inconvenient forum for the maintenance of such dispute, and
both parties agree to accept service of legal process in Delaware.

         THE EXECUTIVE UNDERSTANDS AND ACKNOWLEDGES THE SIGNIFICANCE AND
CONSEQUENCES OF THIS AGREEMENT, THAT THE CONSIDERATION PROVIDED HEREIN IS FAIR
AND ADEQUATE, AND REPRESENTS THAT THE TERMS OF THIS AGREEMENT ARE FULLY
UNDERSTOOD AND VOLUNTARILY ACCEPTED.

Home Depot U.S.A., Inc.

By: /s/ Dennis Donovan                                     8/14/02
   ---------------------------                        -------------------------
   Dennis Donovan                                     Date

    /s/ Dennis J. Carey
   ---------------------------                        -------------------------
   Dennis J. Carey                                    Date

                                       6<PAGE>
                                                                  EXHIBIT 10.32

                              CONSULTING AGREEMENT

         This Consulting Agreement is made and entered into as of the last day
set forth in the signature area below, by and between Home Depot U.S.A., Inc.
("Home Depot") and Dennis J. Carey ("Consultant").

         WHEREAS, Home Depot desires to utilize and avail itself of the
training and experience of Consultant as an independent contractor in a
consulting capacity, as more fully set forth herein; and

         WHEREAS, Consultant desires to provide consulting services to Home
Depot in the manner, for the purposes, and under the terms and conditions
hereinafter set forth; and

         NOW, THEREFORE, in consideration of the mutual covenants and
agreements hereinafter set forth, the parties hereby agree as follows:

1.       Engagement and Duties. Commencing on October 1, 2003, Home Depot
engages Consultant, and Consultant agrees to serve, as an independent
contractor, to perform consulting services for the Chief Executive Officer
("CEO") and/or the Executive Vice President of Strategy, Business Development
and Corporate Operations ("EVP") of Home Depot relating to Six Sigma processes
and merger and acquisition issues, as may be requested by the CEO or EVP from
time to time. Consultant shall be available for consultation for a maximum of
forty (40) hours per month.

2.       Term. This Consulting Agreement shall have a term commencing on
October 1, 2003 and ending on October 1, 2006. The parties may mutually agree
to terminate this Consulting Agreement at any time prior to October 1, 2006.
Home Depot has the sole discretion to terminate this Consulting Agreement at
any time prior to October 1, 2006. In the event Home Depot exercises this
right, and the termination of the Consulting Agreement is not pursuant to
Paragraph 9 (below), Home Depot will continue to pay Consultant as set forth in
Paragraph 3 (below).

3.       Compensation. As compensation for the services to be rendered
hereunder during the term of this Consulting Agreement, Home Depot shall pay
Consultant a consulting fee at the rate of $600,000 per year, paid on a
bi-weekly basis, from October 1, 2003 through October 1, 2006. Such consulting
fee shall be payable to consultant irrespective of the actual amount of time
Consultant spends in consultation with Home Depot. Home Depot shall issue
Consultant a Form 1099 reflecting the payments to Consultant for such services.

4.       Reimbursable Expenses. Home Depot shall reimburse Consultant only for
those reasonable and necessary expenses incurred by Consultant in performing
his duties hereunder as required by the CEO or EVP. Consultant shall include
receipts for all individual expenditures for which Consultant seeks
reimbursement.

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5.       Ownership of Materials.

         (a)      Home Depot, or its assignee, will own and have all right and
                  title in all ideas, concepts, plans, creations or work
                  product produced at the request of Home Depot during the term
                  of this Consulting Agreement, including, without limitation,
                  any writings, drawings and documentation of any kind
                  (collectively, the "Works") and, to the extent possible, all
                  Works shall be considered a work made for hire for Home Depot
                  within the meaning of Title 17 of the United States Code (the
                  Copyright Act). Consultant hereby grants, transfers and
                  assigns any and all right, title and interest in and to the
                  Works and all materials contained therein or prepared
                  therefor, including all copyrights and rights under
                  copyright, to Home Depot worldwide and in perpetuity. In
                  addition, Consultant shall assign and hereby so assigns to
                  Home Depot all of its interest in the Works. Consultant
                  grants to Home Depot an irrevocable, non-exclusive,
                  worldwide, royalty-free license to use, execute and copy for
                  its internal purposes any pre-existing materials contained in
                  the Works. Consultant shall cooperate fully with Home Depot
                  and shall execute such further documentation as Home Depot
                  may request in order to establish, secure, maintain or
                  protect Home Depot's, or its assignee's, ownership of the
                  Works and of all rights therein. Furthermore, Consultant
                  agrees that he shall never transfer or assign the Works, or
                  any rights therein, to any third party.

         (b)      Consultant hereby (i) waives any so-called "moral rights"
                  with respect to the Works; (ii) agrees never to use the Works
                  without the prior express written consent of Home Depot;
                  (iii) agrees never to contest Home Depot's or its assignee's
                  exclusive, complete and unrestricted ownership in and to the
                  Works (including all copyright rights therein), or to claim
                  adverse rights therein; and (iv) acknowledges that it shall
                  not be entitled to any compensation beyond that specifically
                  provided herein for any of the Works.

6.       Relationship Between Parties. Consultant is retained by Home Depot
only for the purposes and to the extent set forth in this Consulting Agreement,
and Consultant's relationship to Home Depot and its affiliated companies shall,
during the term of this Consulting Agreement, be that of an INDEPENDENT
CONTRACTOR. Consultant shall not be considered under the provisions of this
Consulting Agreement or otherwise as being an employee or as being entitled to
participate in any plans, arrangements or distributions by Home Depot or its
affiliated companies pertaining to or in connection with any pension, stock,
bonus, insurance or similar benefits available to employees. Consultant is
exclusively responsible for payment of all contributions and taxes due under
federal and/or state income, social security, FICA, old age benefit,
unemployment insurance or worker's compensation laws with respect to payment of
consulting fees from Home Depot to Consultant.

7.       Injuries to Consultant. Consultant hereby waives, for Consultant and
Consultant's heirs, personal representatives, successors and assigns, any and
all rights that Consultant might otherwise have to any recovery from Home
Depot, whether for costs and expenses incurred, for damages or otherwise, in
the event Consultant suffers any personal injury or property damage in
rendering services hereunder.

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8.       Confidential Information. Consultant acknowledges an obligation of
confidence to Home Depot and agrees that, during the term of this Consulting
Agreement and subsequent thereto, Consultant will not disclose to any third
party or use (other than as authorized by Home Depot) any of its confidential
or proprietary business information or trade secrets. "Confidential
Information" shall include any data or information that is valuable to Home
Depot and not generally known to competitors of Home Depot or other outsiders,
regardless of whether the confidential information is in printed, written or
electronic form, retained in the Consultant's memory or has been compiled or
created by the Consultant. This includes, but is not limited to: technical,
financial, personnel, staffing, payroll, computer systems, marketing,
advertising, merchandising, product, vendor, customer or store planning data,
trade secrets, or other information similar to the foregoing. Upon termination
of this Consulting Agreement, Consultant shall promptly deliver to Home Depot
all Confidential Information, including any analyses, reports or summaries
thereof, and all equipment and supplies of Home Depot which are then in
Consultant's possession.

9.       Early Termination. This Consulting Agreement shall terminate in
advance of the time set forth in Paragraph 2, without any further liability on
the part of Home Depot except to pay any undisputed consulting fees or to
reimburse any undisputed expenses then owed to Consultant pursuant to
Paragraphs 3 or 4, in the event of Consultant's inability or refusal to comply
with the terms of this Consulting Agreement, or in the event Consultant
breaches this Consulting Agreement.

10.      Non-Competition and Non-Solicitation. Consultant agrees to comply with
the non-competition and non-solicitation provisions of the Separation Agreement
& Release executed by him on June 14, 2002. Any breach of these provisions shall
result in the automatic termination of this Consulting Agreement and Executive
will be required to reimburse Home Depot for any and all compensation paid to
him under the terms of this Consulting Agreement. Home Depot would also have no
further obligation to pay Consultant pursuant to Paragraphs 3 or 4 and all
commitments to make additional payments to the Consultant will be null and void.

11.      Consultant's Right to Engage in Other Independent Contractor
Relationships or to Obtain Employment. Nothing in this Consulting Agreement
shall restrict or prohibit Consultant from engaging in other independent
contractor relationships, or from obtaining employment with an entity other
than Home Depot, except that Consultant agrees not to engage in an independent
contractor or employer-employee relationship with a competitor of Home Depot,
as defined in the Separation Agreement & Release referenced in Paragraph 10
above.

12.      Warranty.

         (a)      Consultant warrants to Home Depot that the services will be
                  performed in a competent manner in compliance with all
                  applicable laws and regulations. In performing the services,
                  Consultant shall use his best efforts in a diligent manner
                  and shall dedicate such time as necessary to perform them on
                  a timely basis. Consultant shall report to and keep informed
                  such persons as Home Depot shall designate and shall maintain
                  for Home Depot archival copies of its work on a weekly basis
                  or, if requested to do so by Home Depot, on a daily basis.

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         (b)      Subject to Paragraph 12(a), Consultant shall be solely
                  responsible for determining the means, location and manner by
                  which Consultant provides consulting services to Home Depot.

         (c)      As Home Depot's remedy for Consultant's failure to meet the
                  warranty of best efforts set forth in Paragraph 12(a),
                  Consultant will correct any failure, provided that Home Depot
                  reports the failure to Consultant in writing within thirty
                  (30) days after the date that Home Depot becomes aware of the
                  failure and makes available adequate information concerning
                  the failure. If Consultant is unable to provide a mutually
                  agreeable temporary solution to the failure within ten (10)
                  days after receipt of notice from Home Depot, or if
                  Consultant is unable to provide a permanent solution
                  acceptable to Home Depot within an additional twenty (20)
                  days, Consultant will refund to Home Depot all amounts paid
                  by Home Depot for the failed services.

13.      Indemnity. Consultant shall indemnify, defend and hold harmless Home
Depot against any and all loss, damage, claim, lawsuit, judgment, liability,
taxes, penalties, cost or expense (including attorney's fees) arising out of
(a) the services provided by Consultant pursuant to this Consulting Agreement,
including for claims of infringement of any third party right or entitlement,
(b) any injury to persons or damage to property caused by Consultant during the
term of this Consulting Agreement, (c) any of the matters covered by the
warranties and representations contained in this Consulting Agreement, or (d)
any audits by any government entity resulting from the services provided by
Consultant or Consultant's receipt of the consulting fee paid by the Company.

14.      Entire Agreement. This Consulting Agreement contains the complete and
exclusive understanding of the parties with respect to the matters contained
herein. No waiver, alteration or modification of any of the provisions of this
Consulting Agreement will be binding unless in writing and signed by a duly
authorized representative of the party to be bound. Neither the course of
conduct between the parties nor trade usage will act to modify or alter the
provisions of this Consulting Agreement.

15.      Assignment. The rights and obligations of Consultant hereunder may not
be assigned or subjected to any security interest.

16.      Binding Effect. This Consulting Agreement shall be binding upon and
inure to the benefit of Consultant and its heirs and personal representatives
and Home Depot and its successors and assigns.

17.      Severability. The invalidity, illegality or unenforceability of any
provision of this Consulting Agreement shall not affect the validity, legality
or enforceability of any other provision of this Consulting Agreement, which
shall remain in full force and effect.

18.      No Waiver. The waiver of either party of any breach of this Consulting
Agreement by the other party shall not waive subsequent breaches of the same or
different kind. The failure of either party to enforce any rights under this
Consulting Agreement in a particular instance shall not operate as a waiver of
said party's right to enforce the same or different rights in subsequent
instances.

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19.      Governing Law. This Consulting Agreement shall be controlled,
construed and enforced in accordance with the laws of the State of Delaware
without regards to any conflict of laws provisions incorporated therein.

Home Depot U.S.A., Inc.

By: /s/ Dennis Donovan                                    8/14/02
   --------------------------------                   -------------------------
   Dennis Donovan                                     Date

    /s/ Dennis J. Carey
   --------------------------------                   -------------------------
   Dennis J. Carey                                    Date

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