Document:

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                              AMENDMENT NUMBER 2

                             dated March 14, 2000

                                    to the

                     AMENDED AND RESTATED RIGHTS AGREEMENT

                (Dated March 16, 1990, as amended and restated

                    on May 10, 1991 and as further amended

                               on July 12, 1995)

                                    Between

                              HOOPER HOLMES, INC.

                                      and

                          FIRST CITY TRANSFER COMPANY

                                as Rights Agent
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     AMENDMENT NUMBER 2 dated March 14, 2000, to the AMENDED AND RESTATED RIGHTS
AGREEMENT, (amended May 10, 1991 and July 12, 1995, and dated as of March 16,
1990), between Hooper Holmes, Inc., a New York corporation (the "Company") and
First City Transfer Company, as successor to Midlantic Bank, NA and Midlantic
National Bank, as Rights Agent (the "Rights Agent", which term shall include any
successor Rights Agent hereunder), (the "Rights Agreement").

     WHEREAS, the Company and the Rights Agent have entered into the Rights
Agreement dated as of March 16, 1990;

     WHEREAS, the Rights Agreement has a stated expiration date of March 16,
2000; and

     WHEREAS, the Board of Directors of the Company believes that it is in the
interest of the Company and its shareholders that the Rights Agreement be
continued beyond the expiration date for a period of time not to exceed three
(3) months, to allow the Board of Directors time to determine whether it is in
the interest of the Company and its shareholders to adopt a new Rights
Agreement; and

     WHEREAS, the Company believes that the Board of Directors has both the
power and discretion to amend the Rights Agreement to extend the expiration date
and the Board of Directors has duly authorized Management to enter into this
Agreement;

     NOW, THEREFORE, in consideration of the premises and respective agreements
set forth herein, the parties hereby agree to amend Article I, Section 1.1(i) to
delete the present subsection (i) in its entirety and to
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substitute in lieu thereof the following:

     (i)  "Expiration Time" shall mean the earlier of (i) the Redemption Time or
     (ii) the close of business on June 16, 2000.

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment Number 2
to the Amended and Restated Rights Agreement, as amended, to be duly executed as
of this 14/th/ day of March, 2000.

                                  HOOPER HOLMES, INC.

                              By /s/ Robert William Jewett
                                ---------------------------------
                                Robert William Jewett
                                Senior VP, General Counsel & Secretary

                              FIRST CITY TRANSFER COMPANY

                              By /s/ Kathleen M. Zaleske
                                ---------------------------------
                                Kathleen M. Zaleske
                                Assistant Vice President

                                      -2-<PAGE>

                          Stock Purchase Plan (1993)
                                      of
                              Hooper Holmes, Inc.

                                 (as Amended)
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     This document constitutes part of a prospectus covering securities that
     have been registered under the Securities Act of 1933.

                          Stock Purchase Plan (1993)

                                      of

                              Hooper Holmes, Inc.
                                 (as Amended)

1. Purpose of the Plan:

     The purpose of the Stock Purchase Plan (1993) as amended (the "Plan") is to
provide employment incentive and to encourage stock ownership by employees of
Hooper Holmes, Inc. (hereinafter called the "Corporation") and employees of
certain of its subsidiaries in order to increase their proprietary interest in
the Corporation's success. The Plan is intended to qualify under Section 423 of
the Internal Revenue Code of 1986, as amended (the "Code"), and to comply with
the requirements of 17 CFR 240.16b-3 ("Rule 16b-3") for exemptive relief under
Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act").

2. Administration of the Plan:

     The Plan shall be administered by a committee of the Board of Directors
appointed for such purpose (the "Committee"), provided that, no member of the
Committee shall have (a) been granted or awarded equity securities pursuant to
the Plan or any other plan of the Corporation or any of its affiliates (except
as may be otherwise permitted under Rule 16b-3(c)(2)(i), or successor rule, to
continue to be deemed as a disinterested person) during the one-year period
prior to appointment to the Committee or (b) failed to wave the right, if any,
to participate in the Plan. The Committee shall have full power and authority to
construe and interpret the Plan and may from time to time adopt such rules and
regulations for carrying out the Plan as it may deem best. Decisions of the
Committee shall be final, conclusive and binding upon all parties, including the
Corporation, its stockholders and its employees.

     The Committee may determine from time to time in its sole discretion that
the Corporation shall offer to enter into agreements hereunder ("Agreements")
with all the eligible employees, provided, however, that it shall be under no
obligation to do so.

3. Participation in the Plan:

     The individuals who shall be eligible to receive grants of purchase rights
under the Plan shall be all the employees of the Corporation or of any
subsidiary of the Corporation designated by the Committee as a Participating
Subsidiary in the Plan, except employees who, on the date as of which purchase
rights are granted under the Plan (the "Grant Date" in respect of each purchase
right), have less than one year of continuous employment with the Corporation
and/or a Participating Subsidiary immediately prior thereto; provided, however,
that an Agreement will be entered into with an employee of a Participating
Subsidiary only if such Agreement will, under the applicable provisions of the
Code as then in effect, qualify for the same tax treatment as would be accorded
if such employee was then an employee of the Corporation; and further provided,
that no individual shall be eligible to enter into an Agreement under the Plan
if immediately thereafter and after giving effect thereto, the aggregate value
or voting power of all shares of stock of the Corporation and any Subsidiary (as
defined below) then owned by such individual, either directly or indirectly,
within the meaning of the applicable sections of the Code and including all
shares of stock with respect to which such individual holds options, would equal
or exceed in the aggregate 5% of the total value or combined voting power of all
classes of stock of any corporation in an unbroken chain of corporations
beginning with the Corporation (including the Corporation), in which each
corporation other than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations of such chain (all corporations other
than the Corporation in such chain herein called

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"Subsidiaries" or individually a "Subsidiary"). Notwithstanding the foregoing,
no individual shall be permitted or denied participation in the plan contrary to
the requirements of Section 423 (or successor section) of the Code and the
regulations thereunder,

     For purposes of determining whether or not an employee of the Corporation
or a Participating Subsidiary has met the one year employment requirement set
forth above, employment by a corporation all or substantially all of the assets
of which have been acquired by the Corporation or a Participating Subsidiary or
employment by a corporation which has been merged with or into the Corporation
or a participating Subsidiary shall be considered as employment by the
Corporation or a Participating Subsidiary.

4. Stock:

     The stock subject to the Agreements shall be, in the discretion of the
Committee, either authorized but unissued shares of the common stock of the
Corporation ("Common Stock") or shares of Common Stock held in the treasury of
the Corporation or any Subsidiary, including shares purchased in the open market
or otherwise. Subject to adjustment in accordance with the provisions of Section
6(i) hereof, the total number of shares of Common Stock which may be sold under
the Plan shall not exceed in the aggregate 250,000 shares.

     In the event that any Agreement for any reason expires or is terminated and
the shares of Common Stock which are the subject thereof are not purchased, such
unpurchased shares of Common Stock may again be subject to Agreements.

5. Number of Shares Which an Employee May Purchase:

     From time to time, the Committee shall announce an offering of Common Stock
pursuant to the Plan and terms and conditions under which eligible employees may
enter into Agreements for the purchase of the Common Stock so offered. Each
Agreement shall provide that an employee may elect to purchase pursuant to the
terms of the Agreement a number of shares of Common Stock determined by the
Committee but in no event greater than the number of shares of Common Stock with
a fair market value (determined as provided in Section 6(b)) on the Grant Date,
equal to 10% of the employee's aggregate compensation, as reported for such
employee on form W-2 for the previous calendar year by the Corporation, the
Participating Subsidiaries or any corporation, the employment by which pursuant
to Section 3 hereof, will be considered to be employment by the Corporation or a
Participating Subsidiary. In the event employees enter into Agreements to
purchase more than the maximum number of shares to be offered, the number of
shares subject to the Agreements shall be reduced proportionately.

     Notwithstanding the foregoing provisions of the Plan no individual may
elect to purchase under Agreements in any single calendar year, a number of
shares of Common Stock which, together with all other shares in the Corporation
and Subsidiaries which the employee may be entitled to purchase in such year
pursuant to an Agreement and under any other employee stock purchase plan, as
defined in Section 423 of the Code, has an aggregate fair market value (measured
in each case on the Grant Date) in excess of $25,000.

6. Terms and Conditions of Agreements:

     (a)  General:

     The Agreements shall be in such form as the Committee shall from time to
time approve, and shall contain such terms and conditions as the Committee shall
prescribe not inconsistent with the Plan.

     (b)  Purchase Price:

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     The purchase price per share shall be 95% of the fair market value of a
share of Common Stock based on the closing price as reported on the American
Stock Exchange on the Grant Date.

     (c)  Payment of Purchase Price:

     Each Agreement shall prescribe the method or methods pursuant to which the
purchase price of shares shall be paid by the employee. Funds received or held
by the Corporation or any Participating Subsidiary shall be deposited into a
segregated custodial account controlled by the Corporation. Upon final payment
of the purchase price, or upon termination of an employee's Agreement, interest
will be paid to the employee on his payments under the Plan. Interest so paid
will be in an amount equal to the pro rata amount that the Corporation realizes
by investing and reinvesting all of the deposits in the custodial account in
short term interest bearing accounts, certificates of deposit, U.S. government
securities, money market funds, or other similar investments; provided, however,
that the Corporation shall not be liable for the failure to maximize the yield
on any such investment.

     (d)  Term of Agreements:

     Each Agreement shall be dated as of the Grant Date and shall have a stated
term of 13 months from such date.

     (e)  Date on which Shares Must be Purchased:

     Each Agreement shall provide that, subject to earlier termination pursuant
to Section 6(g) hereof, any shares to be purchased thereunder must be purchased
on the last day (hereinafter called the "Purchase Date") of the stated term of
the Agreement.

     (f)  Employee's Purchase Directions:

     Each Agreement shall provide that the employee on the Purchase Date shall
purchase all of the shares covered by such Agreement unless the employee shall,
to the extent and in the manner permitted by the Agreement, notify the Secretary
of the Corporation, or such other persons specified in the Agreement, that the
employee does not desire to purchase such shares.

     (g)  Termination by Employee of his Agreement:

     An employee who has entered into an Agreement may, to the extent permitted
by the Agreement, terminate the employee's Agreement in its entirety by written
notice of such termination delivered in the manner and within the time period
set forth in the Agreement to the Secretary of the Corporation, or to such other
person or persons as may be specified in the employee's Agreement. If there are
any funds, including interest (determined in accordance with Section 6(c)
hereof), then on deposit pursuant to the Agreement, such funds shall be paid to
the employee.

     (h)  Termination of Employment and Change in Control:

     Each Agreement shall specify the applicable rules in respect of the effect
of the death, retirement or other termination of employment of the employee and
the effect, if any, of a change in control of the Corporation.

     (i)  Adjustments:

     In the event that the Committee shall determine that any stock dividend,
extraordinary cash dividend, recapitalization, reorganization, merger,
consolidation, split-up, spin-off, combination, exchange of shares, warrants or
rights offering to purchase Common Stock, or other similar corporate event
affects the Common Stock such that an adjustment is required in order to
preserve the benefits or potential benefits intended to be made available under
the

                                       3

<PAGE>

Plan, then the Committee shall, in its sole discretion, and in such manner as
the Committee may deem equitable and consistent with the requirements of the New
York Business Corporation Law, Section 423 of the Code and Rule 16b-3 (or any
successor law, section or rule thereof), adjust any or all of (1) the number and
kind of shares which thereafter may be made the subject of Agreements under the
Plan, (2) the number and kind of shares subject to outstanding Agreements and
(3) the purchase price with respect to any of the foregoing and/or, if deemed
appropriate, make provision for a cash payment to a person who has an
outstanding Agreement provided, however, that the number of shares subject to
any Agreement shall always be a whole number.

     (j)  Assignability:

     No rights hereunder shall be assignable or transferable except by will or
by the laws of descent and distribution. During the lifetime of an employee who
is a party to an Agreement, the shares which are covered by such Agreement may
be purchased only by the employee.

     (k)  Employee's Agreement:

     If, at the time of the execution of an Agreement for the purchase of shares
under the Plan, in the opinion of counsel for the Corporation, it is necessary
or desirable, in order to comply with any applicable laws or regulations
relating to the sale of securities, that the employee purchasing such shares
shall agree that such employee will purchase such shares for investment and not
with any present intention to resell the same, the employee will, upon the
request of the Corporation, execute and deliver to the Corporation an agreement
to such effect. The Corporation may also require that a legend setting forth
such investment intention be stamped or otherwise written on the certificates
for shares purchased pursuant to the Plan.

     (1)  Rights as a Shareholder:

     An employee who is a party to an Agreement shall have no rights as a
shareholder with respect to shares covered by such Agreement until the date of
the issuance of the shares to the employee. No adjustment will be made for
dividends or other rights for which the record date is prior to the date of such
issuance.

7. Term of Plan:

     The plan shall be subject to approval by stockholders in accordance with
the New York Business Corporation Law, Section 423 of the Code, and any
agreements entered into prior to such approval shall terminate immediately prior
to the Purchase Date if such approval has not yet been attained. No Agreement
shall be entered into after December 31, 2003.

8. Amendments:

     The Board of Directors may from time to time alter, amend, suspend, or
terminate the Plan or alter, amend, suspend or terminate any and all Agreements;
provided, however, that no such action of the Board of Directors may, without
the approval of the shareholders, make any amendment for which shareholder
approval is necessary to comply with any tax or regulatory requirement,
including for this purpose any approval requirement which is a prerequisite for
exemptive relief under Section 16(b) of the Securities Exchange Act.

9. Application of Funds:

     The proceeds received by the Corporation from the sale of Common Stock
pursuant to an Agreement shall be used for general corporate purposes.

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<PAGE>

10. No Obligation to Purchase Shares:

     Entering into an Agreement shall impose no obligation upon an employee to
purchase any shares covered by such Agreement, except as expressly set forth in
the Agreement.

11. Automatic Termination:

     Except as otherwise determined by the Committee, each Agreement will
automatically terminate if on the last business day before the Purchase Date the
closing price for Common Stock as reported on the American Stock Exchange is 10%
or more below the purchase price.

12. Governing Law:

     This Plan and all Agreements shall be construed in accordance with and
governed by the law of the State of New York, without giving effect to any
conflict of laws rule or principle that might require the application of the law
of another jurisdiction.

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