Document:

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                                                                    EXHIBIT 10.5
                                                                  EXECUTION COPY

                             STOCKHOLDERS AGREEMENT
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     THIS STOCKHOLDERS AGREEMENT (this "Agreement") is made as of October 30,
2003 by and among (i) Keystone Automotive Holdings, Inc., a Delaware corporation
(the "Company"), (ii) each of the Persons listed on Schedule I attached hereto
(collectively, the "Bain Group") and (iii) each of the other Persons listed on
the signature pages attached hereto (each such other Person listed on the
signature pages attached hereto, the Bain Group and each other Person who from
time to time becomes a party hereto by executing and delivering a joinder
substantially in the form attached hereto as Exhibit A are collectively referred
to herein as the "Stockholders" and each, individually, as a "Stockholder").

     WHEREAS, the Company, as of the date hereof, is authorized by its
Certificate of Incorporation to issue capital stock consisting of 20,000,000
shares of its Class L Common Stock, par value $0.01 per share (the "Class L
Common"), and 180,000,000 shares of its Class A Common Stock, par value $0.01
per share (the "Class A Common"). The Class L Common and the Class A Common are
collectively referred to herein as "Common Stock."

     WHEREAS, the Bain Group and the other Persons listed on the signature pages
attached hereto own as of the date hereof the number of shares of Common Stock
set forth opposite their names on Schedule II attached hereto.

     WHEREAS, the parties hereto desire to establish the composition of the
Company's board of directors (the "Board"), to restrict the sale, assignment,
transfer, encumbrance or other disposition of the Common Stock, to provide for
certain additional covenants and to provide for certain rights and obligations
in respect thereto as hereinafter provided. Unless otherwise provided in this
Agreement, capitalized terms used herein shall have the meanings set forth in
Section 12 hereof.

     NOW, THEREFORE, the parties to this Agreement hereby agree as follows:

1.   Voting Agreement.

     (a)  Each holder of Stockholder Shares shall vote all of such holder's
Stockholder Shares and shall take all other necessary or desirable actions
within such holder's control (whether in such holder's capacity as a
stockholder, director or officer of the Company or otherwise, and including,
without limitation, attendance at meetings in person or by proxy for purposes of
obtaining a quorum and execution of written consents in lieu of meetings) and
the Company shall take all necessary and desirable actions within its control
(including, without limitation, calling special meetings of the Board and
stockholder meetings) so that:

          (i)   the authorized number of directors on the Board shall be
established by the holders of a majority of the Bain Shares (the "Bain
Holders"), which authorized number of directors shall initially be six;

          (ii)  the following persons shall be elected to the Board:

                (A)  any one person (if any) having a contractual right to be
nominated to the Board (so long as such right remains in effect);

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                (B)  so long as Advent and its Permitted Transferees continue to
hold at least 70% of the Advent Shares held by Advent as of the date hereof, one
person designated by Advent Global; and

                (C)  a number of persons designated by the Bain Holders equal to
the remaining number of members of the Board, which depending upon the number of
directors that the Bain Holders elect to designate from time to time may, at
their election, constitute a majority of the Board;

          (iii) at all times, the composition of the board of directors of each
of the Company's Subsidiaries, if any (each, a "Sub Board"), shall be the same
as that of the Board, unless otherwise approved by the Bain Holders;

          (iv)  any committee or subcommittee of the Board or any Sub Board
(including any compensation committee or compensation subcommittee) shall be
created only upon the approval of the Bain Holders and a majority of the members
of such committee shall consist of members of the Board or such Sub Board
designated by the Bain Holders pursuant to Section 1(a)(ii)(C) above and any
action taken by such committee or subcommittee shall not cause any conflict with
any provision of this Agreement.

     (b)  The removal from the Board (with or without cause) of any person
designated under Section 1(a) above by the Bain Holders shall be at the written
request of the Bain Group and only upon such written request and under no other
circumstances (except as otherwise required by law).

     (c)  The removal from the Board without cause of any person designated
under Section 1(a) above by the Advent Global shall be at the written request of
Advent Global and only upon such written request and under no other
circumstances (except as otherwise required by law).

     (d)  In the event that any person designated under Section 1(a) above by
the Bain Holders or Advent Global for any reason ceases to serve as a member of
the Board during such person's term of office, the person who will fill the
resulting vacancy on the Board shall be designated by the Bain Holders or Advent
Global, respectively, and the Stockholders agree to vote their Common Stock in
furtherance thereof.

     (e)  If any party eligible to designate a member of the Board under Section
1(a) above fails to so designate, the individual previously holding such
position shall be elected to such position, unless such individual has been
removed as a member of the Board or fails or declines to serve.

     (f)  So long as the Bain Holders have the right to designate members of the
Board, Bain Capital VII Coinvestment Fund, L.P. shall have the right to
designate one of the members of the Board designated by the Bain Holders.

     (g)  The Company shall obtain and maintain a directors' and officers'
insurance policy covering the directors and officers of the Company as the Board
reasonably determines in good faith is appropriate giving regard to the
Company's capital structure and business operations.

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     (h)  In the event that any provision of the Company's bylaws or Certificate
of Incorporation is inconsistent with any provision of this Section 1, the
Company and the Stockholders shall take such action as may be necessary to amend
any such provision in the Company's bylaws or Certificate of Incorporation to
remedy such inconsistency.

2.   Provisions Concerning the Transfer of Stockholder Shares.

     (a)  General Restrictions on Transfer. Without the prior written consent of
the Bain Group, no holder of Stockholder Shares (other than holders of Bain
Shares) shall directly or indirectly sell, transfer (including by operation of
law), assign, pledge, encumber or otherwise dispose of (including to the Company
or any of its Subsidiaries) any interest in (a "Transfer") any Stockholder
Shares, other than (i) in connection with an Approved Sale, (ii) in connection
with a Put or (iii) in accordance with the provisions of Section 2(b), 2(c), or
2(d) of this Agreement.

     (b)  Right of First Offer. At least thirty (30) days prior to any Transfer
(other than with respect to a Put, a Public Sale, an Approved Sale or to a
Permitted Transferee) of any Stockholder Shares by any Additional Stockholder or
any of such Person's Permitted Transferees, the Person making such Transfer (the
"Offering Stockholder") shall deliver a written notice (the "Offer Notice") to
the Company, the Bain Group and the other Additional Stockholders (the
"Non-Offering Additional Stockholders") specifying in reasonable detail the
number of Additional Stockholder Shares proposed to be Transferred, the proposed
purchase price (which shall be payable solely in cash) and the other material
terms and conditions of the Transfer. The Company may elect to purchase all or
any portion of such Additional Stockholder Shares to be Transferred, upon the
same terms and conditions as those set forth in the Offer Notice, by delivering
a written notice of such election to the Offering Stockholder, the Bain Group
and the Non-Offering Additional Stockholders within fifteen (15) days after the
Offer Notice has been delivered to the Company. If the Company has not elected
to purchase all of the Additional Stockholder Shares to be Transferred within
such period, the Bain Group may elect to purchase all or any portion of the
Additional Stockholder Shares to be Transferred, upon the same terms and
conditions as those set forth in the Offer Notice, by giving written notice of
such election to the Additional Transferring Stockholder and the Non-Offering
Additional Stockholders within thirty (30) days after the Offer Notice has been
given to the Company. If the Bain Group has not elected to purchase all of the
Additional Stockholder Shares to be Transferred within such period, the
Non-Offering Additional Stockholders may elect to purchase all or any portion of
the Additional Stockholder Shares to be Transferred, upon the same terms and
conditions as those set forth in the Transfer Notice, by giving written notice
of such election to the Offering Stockholder within forty-five (45) days after
the Transfer Notice has been given to the Company (the "Election Period"). If
the Non-Offering Additional Stockholders have in the aggregate elected to
purchase more than the number of Additional Stockholder Shares being offered by
the Offering Stockholder, the Additional Stockholder Shares shall be allocated
among the Non-Offering Additional Stockholders electing to purchase shares based
upon each such Non-Offering Additional Stockholder's proportionate ownership of
all Stockholders Shares owned by Stockholders other than the Transferring
Stockholder. If the Company, the Bain Group and the Non-Offering Additional
Stockholders elect to purchase fewer than all of the Additional Stockholder
Shares specified in the Transfer Notice and if the terms and conditions of this
Section 2(b) have been met, then the Offering Stockholder may transfer the
remaining

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portion of the Additional Stockholder Shares not specified in the Offer Notice
at a price and on terms no more favorable to the transferee(s) thereof than
specified in the Offer Notice during the thirty-day period immediately following
the expiration of the Election Period. Any Additional Stockholder Shares not
transferred within such thirty-day period will continue to be subject to the
provisions of this Section 2(b). If the Company, Bain Group or any of the
Non-Offering Additional Stockholders have elected to purchase Additional
Stockholder Shares hereunder, the transfer of such shares shall be consummated
as soon as practicable after the delivery of the election notice(s) to the
Offering Stockholder, but in any event within fifteen (15) days after the
expiration of the Election Period.

     (c)  Participation Rights.

          (i)     At least 15 days prior to any Transfer of any Bain Shares, the
holder(s) of Bain Shares intending to Transfer Bain Shares (the "Transferring
Stockholder") will deliver to the other Stockholders (collectively, the "Other
Stockholders") a written notice (a "Sale Notice") specifying in reasonable
detail the identity of the prospective transferee(s) and the terms and
conditions of the contemplated Transfer. The Other Stockholders may elect to
participate in the contemplated Transfer by delivering written notice to the
Transferring Stockholder within 15 days after delivery of the Sale Notice. If
any Other Stockholders have elected to participate in such Transfer, each of the
Transferring Stockholder and such Other Stockholders will be entitled to sell in
the contemplated Transfer, at the same price and (subject to the last sentence
of this Section 2(c)(i)) on the same terms, a number of shares of each class of
Common Stock being transferred equal to the product obtained by multiplying (A)
the quotient determined by dividing (x) the number of shares of such class of
Common Stock owned by such Person by (y) the aggregate number of shares of such
class of Common Stock then held by all Persons participating in such Transfer,
including the Transferring Stockholder (such Person's "Pro Rata Share") by (B)
the number of shares of such class of Common Stock to be sold in the
contemplated Transfer. If any Person participating in such Transfer elects to
Transfer less than its Pro Rata Share, the shares which such Person had the
right, but did not elect, to Transfer will be reoffered to the Persons
participating in such Transfer who elected to Transfer their full Pro Rata Share
(pro rata among such Persons based on their respective Pro Rata Shares), and so
on until the Persons participating in such Transfer have elected to Transfer all
shares to be sold in the contemplated Transfer. For purposes of determining the
respective Pro Rata Shares, each Person will be deemed to hold all Common Stock
held by them and their Affiliates (provided that no share of Common Stock shall
be counted more than once for this purpose) and all such affiliated Persons
shall be treated as a single Person. Notwithstanding the foregoing, in the event
that a Transferring Stockholder intends to Transfer shares of more than one
class of Common Stock, the Other Stockholders participating in such Transfer
shall, to the extent they hold the classes of Common Stock intended to be
Transferred, be required to sell in the contemplated Transfer a pro rata portion
of shares of all such classes of Common Stock, which portion shall be determined
in the manner set forth immediately above.

          (ii)    The Transferring Stockholder will use reasonable efforts to
obtain the agreement of the prospective transferee(s) to the participation of
the electing Other Stockholders in any contemplated Transfer, and the
Transferring Stockholder will not Transfer any of its shares of Common Stock to
the prospective transferee(s) unless simultaneously with such Transfer (A) the
prospective transferee(s) purchases, at the same price and on the same terms,

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from the Other Stockholders the shares of Common Stock which they are entitled
to sell to such prospective transferee pursuant to Section 2(c)(i) above or (B)
the Transferring Stockholder purchases, at the same price and on the same terms,
the number of shares of such class of Common Stock from the Other Stockholders
which the Other Stockholders would have been entitled to sell pursuant to
Section 2(c)(i) above.

          (iii)   The provisions of this Section 2(c) shall not apply to any
Transfer by any holder of Bain Shares (A) in a Public Sale, (B) to any employee
of the Company or any of its Subsidiaries as part of any compensation
arrangement, (C) to any member of the Board as part of any compensation
arrangement, (D) to any Affiliate of such holder of Bain Shares (other than the
Company and those referred to in clause (E) of this sentence) and (E) to the
partners, members or beneficiaries of the holders of Bain Shares. The provisions
of this Section 2(c) will continue to be applicable to Bain Shares after any
Transfer thereof pursuant to clause (D) or (E) of the first sentence of this
Section 2(c)(iii). Any transferee of Bain Shares shall agree, prior to any
Transfer pursuant to this Section 2(c), in writing to be bound by the provisions
of this Agreement by executing and delivering to the Company a joinder in
substantially the form attached hereto as Exhibit A.

          (iv)    The Transferring Stockholder and the Other Stockholders will
bear their pro rata share (based upon the proceeds to be received by such
Persons) of the costs of any Transfer pursuant to this Section 2(c) to the
extent such costs are incurred for the benefit of all Persons participating in
the Transfer and are not otherwise paid by the Company or the acquiring party.
Costs incurred by Persons participating in the Transfer on their own behalf will
not be considered costs of the Transfer hereunder.

     (d)  Permitted Transfers. The restrictions contained in this Section 2
shall not apply with respect to any Transfer of Stockholder Shares by (i) any
Additional Stockholder that is an individual pursuant to applicable laws of
descent and distribution or to any member of such Additional Stockholder's
Family Group and (ii) any Additional Stockholder that is an entity to its
Affiliates; provided, that, in each case, the restrictions contained in this
Section 2 shall continue to be applicable to such Stockholder Shares after any
such Transfer; provided, further, that the transferees of such Stockholder
Shares shall have agreed in writing to be bound by the provisions of this
Agreement which affect the Stockholder Shares so transferred by executing a
joinder in substantially the form attached hereto as Exhibit A. All transferees
permitted under this Section 2(d) are collectively referred to herein as
"Permitted Transferees."

     (e)  Termination of Restrictions. The restrictions set forth in this
Section 2 shall continue with respect to each Stockholder Share until the
earlier of (i) the Transfer of such Stockholder Share in a Public Sale or an
Approved Sale, or (ii) the consummation of a Public Offering.

3.   Approved Sale.

     (a)  If the Bain Holders request and the Board approves (i) a Transfer of a
majority of the Company's assets determined on a consolidated basis or a
majority of the Company's outstanding Common Stock (whether by merger (including
one in which the Company is the surviving corporation), recapitalization,
consolidation, reorganization, combination or otherwise)

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to any Independent Third Party or group of Independent Third Parties or (ii) a
Transfer of any shares of Common Stock to any Independent Third Party or group
of Independent Third Parties in connection with a Strategic Transaction
(collectively an "Approved Sale"), each holder of Stockholder Shares, in such
holder's capacity as a stockholder of the Company and not in such holder's
capacity as a director if such holder then serves on the Board, will vote for,
consent to and raise no objections against such Approved Sale. If the Approved
Sale is structured as (i) a merger (including one in which the Company is the
surviving corporation) or consolidation, each holder of Stockholder Shares will
waive any dissenter's rights, appraisal rights or similar rights in connection
with such merger or consolidation and will not otherwise exercise any such right
or (ii) Transfer of stock (including by recapitalization, consolidation,
reorganization, combination or otherwise), each holder of Stockholder Shares
will agree to sell all of its Stockholder Shares and rights to acquire
Stockholder Shares on the terms and conditions approved by the Bain Holders,
provided, that, if a Transfer made pursuant to this clause (ii) involves a
Transfer of less than all of the then outstanding Stockholder Shares, each
holder of Stockholder Shares shall participate in such Transfer on a pro rata
basis (based on the number of Stockholder Shares held by such Stockholder). Each
holder of Stockholder Shares shall be obligated to join on a pro rata basis
(based on the number of Stockholder Shares to be sold) in any indemnification or
other obligations that the sellers of Stockholder Shares are required to provide
in connection with the Approved Sale (other than any such obligations that
relate solely to a particular Stockholder, such as indemnification with respect
to representations and warranties given by a Stockholder regarding such
Stockholder's title to and ownership of Stockholder Shares, in respect of which
only such Stockholder shall be liable); provided, that no holder shall be
obligated in connection with such indemnification or other obligations with
respect to an amount in excess of the consideration received by such holder in
connection with such transfer. Each holder of Stockholder Shares will take all
reasonable actions in connection with the consummation of the Approved Sale as
requested by the Bain Holders (which actions may include, at the request of the
Bain Holders, continuing arrangements among the stockholders of the Company
substantially similar to the terms of this Agreement).

     (b)  The obligations of the holders of Common Stock with respect to an
Approved Sale are subject to the satisfaction of the following conditions: (i)
upon the consummation of the Approved Sale, each holder of Common Stock will
Transfer such Common Stock on the same terms and will receive the same form of
consideration and the same portion of the aggregate consideration that such
holders of Common Stock would have received if such aggregate consideration had
been distributed by the Company in a complete liquidation pursuant to the rights
and preferences set forth in the Certificate of Incorporation as in effect
immediately prior to such Approved Sale; (ii) each holder of shares of a class
of Common Stock will be given the same consideration with respect to each share
of such class, and if any holders of a class of Common Stock are given an option
as to the form and amount of consideration to be received, each holder of such
class of Common Stock will be given the same option with respect to each share
of such class; and (iii) each holder of then currently exercisable rights to
acquire shares of a class of Common Stock will be given an opportunity to
exercise such rights prior to the consummation of the Approved Sale and
participate in such sale as holders of such class of Common Stock.

     (c)  If the Company or the holders of the Company's securities enter into
any negotiation or transaction for which Rule 506 (or any similar rule then in
effect) promulgated by

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the Securities and Exchange Commission may be available with respect to such
negotiation or transaction (including a merger, consolidation or other
reorganization), the holders of Stockholder Shares will, at the request of the
Company, appoint a purchaser representative (as such term is defined in Rule
501) reasonably acceptable to the Company. If any holder of Stockholder Shares
appoints a purchaser representative designated by the Company, the Company will
pay the fees of such purchaser representative, but if any holder of Stockholder
Shares declines to appoint the purchaser representative designated by the
Company such holder will appoint another purchaser representative, and such
holder will be responsible for the fees of the purchaser representative so
appointed. This Section 3(c) shall apply only to holders of Stockholder Shares
that are required to appoint a purchaser representative under Regulation D (or
any successor regulation then in effect) promulgated by the Securities and
Exchange Commission.

     (d)  Subject to Section 3(c) above, holders of Stockholder Shares will bear
their pro rata share (based upon the proceeds to be received by holders of
Stockholder Shares) of the costs of any sale of Stockholder Shares pursuant to
an Approved Sale to the extent such costs are incurred for the benefit of all
holders of Common Stock and are not otherwise paid by the Company or the
acquiring party. For purposes of this Section 3(d) above, costs incurred in
exercising reasonable efforts to take all necessary actions for the consummation
of an Approved Sale in accordance with Section 3(a) above shall be deemed to be
for the benefit of all holders of Common Stock. Costs incurred by holders of
Stockholder Shares on their own behalf will not be considered costs of the
transaction hereunder.

     (e)  The terms and conditions of this Section 3 shall terminate upon a
Public Offering.

4.   Preemptive Rights.

     (a)  Except in connection with (i) issuances in a Public Offering, (ii) an
Approved Sale, (iii) upon the conversion or exercise of securities convertible
into or containing options or rights to acquire capital stock of the Company (to
the extent such securities were issued in compliance with the provisions of this
Section 4) and (iv) issuances to the Bain Group pursuant to Section 6 hereof, if
the Company authorizes the issuance or sale of any capital stock of the Company,
or any securities convertible into or containing options or rights to acquire
capital stock of the Company, to any holder of Bain Shares or any Affiliate of
any member of the Bain Group, the Company shall offer to sell to each holder of
Stockholder Shares a portion of such stock or securities equal to the quotient
determined by dividing (A) the number of shares of Common Stock held by such
holder of Stockholder Shares by (B) the total number of shares of outstanding
Common Stock (in each case on a fully diluted basis but excluding any option to
acquire shares of capital stock of the Company other than any such option the
exercise price of which at the time of the issuance giving rise to the
preemptive right is less than the fair market value (as determined by the Board)
of such shares of capital stock). If the holders of Bain Shares are also
required to acquire other securities or rights in connection with their
purchase, the holders of Stockholder Shares exercising their rights pursuant to
this Section 4(a) shall also be required to purchase the same types of
securities or rights (on the same terms and in the same ratios) that such other
Persons are required to purchase. The purchase price for all stock and
securities offered to each such holder of Stockholder Shares shall be the same
price per share being paid by the holders of Bain Shares and shall be payable at
the same time as the closing of

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the sale to the holders of Bain Shares in cash by wire transfer of immediately
available funds. Any Person exercising rights under this Section 4 who defaults
in whole or in part in payment with respect to the purchase of any securities
pursuant to this Section 4 automatically and irrevocably forfeits the right to
participate in any future issuances to which this Section 4(a) is applicable.

     (b)  In order to exercise its purchase rights hereunder, each holder of
Stockholder Shares must deliver a written notice to the Company describing its
election hereunder within 30 days after receipt of written notice from the
Company describing in reasonable detail the stock or securities being offered,
the purchase price thereof, the payment terms and such holder's percentage
allotment.

     (c)  Upon the expiration of the offering periods described above, the
Company shall be entitled to sell such stock or securities which the holders of
Stockholder Shares have not elected to purchase during the 270 days following
such expiration on terms and conditions no more favorable to the purchasers
thereof than those offered to holders of Stockholder Shares. Any stock or
securities offered or sold by the Company to any Person after such 270 day
period must be reoffered to the holders of Stockholder Shares pursuant to the
terms of this Section 4.

     (d)  The provisions of this Section 4 will terminate and be of no further
force or effect upon the consummation of a Public Offering.

     (e)  In the event that any holder of Stockholder Shares acquires capital
stock or other securities convertible into or containing options or rights to
acquire capital stock pursuant to this Section 4 in a preferred stock or debt
offering by the Company which includes an offering or sale to both a member of
the Bain Group and an Independent Third Party, each holder of Stockholder Shares
agrees to exercise all the rights it may have with respect to the Company (such
as covenants and remedies) arising out of such securities acquired pursuant to
this Section 4 in the same manner as the Bain Group.

5.   Put Right.

     (a)  With respect to any Management Stockholder, within 90 days following
the later to occur of (i) the date on which such Management Stockholder's
employment with the Company is terminated (A) by reason of such Management
Stockholder's death, disability or retirement, (B) by such Management
Stockholder for Good Reason (as defined in such Management Stockholder's
employment agreement with the Company) or (C) by the Company without Cause and
(ii) the seventh anniversary of the Closing Date if on such date such Management
Stockholder's employment with the Company has terminated, such Management
Stockholder (the "Putting Stockholder") shall have the right to require the
Company to repurchase all (but not less than all) of the Additional Shares held
by the Putting Shareholder (the "Put") by delivering a written notice to the
Company specifying the number of shares to be repurchased (the "Put Notice").

     (b)  Promptly following delivery of the Put Notice, the Company and the
Putting Stockholder shall in good faith determine the Put Price as provided
hereunder, and subject to the provisions hereof, within ten (10) days after the
determination of the Put Price, the Company

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shall purchase and the Putting Stockholder shall sell the number of the Putting
Shareholder's Additional Stockholder Shares specified in the Put Notice at a
mutually agreeable time and place (the "Put Closing"). Notwithstanding anything
in this Section 5 to the contrary, if (and only if) it is determined, in
accordance with the terms hereof, that the Put Price is less than the Original
Cost of the Additional Stockholder Shares being repurchased, then the Putting
Stockholder shall have the right to rescind the Put Notice within three (3) days
after the determination of the Put Price and such Additional Stockholder Shares
shall remain subject to repurchase pursuant to the terms and conditions of this
Section 5.

     (c)  At the Put Closing, the Putting Stockholder shall deliver to the
Company certificates representing the Putting Stockholder's Additional
Stockholder Shares to be repurchased by the Company free and clear of all liens
and encumbrances and duly endorsed in blank or accompanied by duly executed
forms of assignment, and the Company shall deliver to the Putting Stockholder
the Put Price by cashier's or certified check payable to the Putting Stockholder
or by wire transfer of immediately available funds to an account designated by
the Putting Stockholder; provided, that the Company shall have no obligation to
so pay the Put Price if and to the extent such payment is prohibited by the
provisions of applicable state law or by the provisions of the Company's debt
instruments (including, without limitation, the Senior Credit Agreement) or
would cause the Company to violate any financial ratio or minimum working
capital level in any such debt instrument, until such time as such prohibitions
are no longer in effect, whereupon such Put Price shall be paid without
interest. Notwithstanding anything to the contrary in this Section 5(c), if and
to the extent that the Put Price exceeds the Original Cost of the Additional
Stockholder Shares to be repurchased, the amount of such excess will not be paid
in cash but instead shall be paid in the form of a subordinated promissory note
(a "Put Note"), bearing interest at the then applicable federal rate and
otherwise in the form attached hereto as Exhibit B.

     (d)  The "Put Price" of the Putting Stockholders Additional Stockholder
Shares to be repurchased shall mean a price equal to 80% of the Fair Market
Value of such Additional Stockholder Shares. Any fees and expenses of an
Independent Appraiser incurred in connection with the determination of the Put
Price shall be borne equally by the Company and the Putting Stockholder.

6.   Further Investment. The parties hereto acknowledge and agree that at any
time and from time to time the Bain Group shall have the option to purchase
additional shares of Common Stock at Original Cost for an aggregate purchase
price not to exceed $3,500,000; but only to the extent that the proceeds from
such purchase are used by the Company to satisfy the Company's obligations under
the Holdings Term Loan.

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7.   Covenants. The Company covenants and agrees that, so long as the Bain Group
continues to hold at least 50% of the Bain Shares held by it on the Closing
Date, the Company shall comply with the covenants set forth in this Section 7.
Notwithstanding anything in this Section 7 to the contrary, as long as Bear
Stearns continues to hold at least 70% of the Additional Stockholders Shares
held by it on the Closing Date, the Company shall deliver to Bear Stearns the
information described in Sections 7(b), 7(c), 7(d) and 7(e) hereof in accordance
with the terms of such Sections.

     (a)  The Company shall, and shall cause each of its Subsidiaries to, afford
to the Bain Group and its Affiliates, advisors and other representatives
reasonable access during normal business hours upon reasonable advance notice to
the Company and without unreasonably interfering with the Company's and its
Subsidiaries' normal business operations, to the Company's and its Subsidiaries'
respective properties, assets records, files and any other information as the
Bain Group may reasonably request and shall permit the Bain Group to meet with
the Company's and its Subsidiaries' respective officers and other management
personnel and professional advisors to obtain such information regarding the
Company and its Subsidiaries and their respective businesses and prospects as
the Bain Group may reasonably request;

     (b)  Prior to the beginning of each fiscal year (but in no event later than
December 1 of the prior fiscal year), the Company shall prepare and deliver to
each Stockholder (other than Advent and its Permitted Transferees) an annual
budget for such fiscal year for the Company and its Subsidiaries in form and
substance reasonably satisfactory to the Bain Group (each, an "Annual Budget").

     (c)  The Company shall deliver to each Stockholder (other than Advent and
its Permitted Transferees), as soon as practicable after the last day of each
month (other than any day that is also the last day of a fiscal quarter), but in
no event later than 30 days following the end of such month or such later date
as such financial statements are delivered to the Company's senior lenders
pursuant to the Senior Credit Agreement, a copy of (i) an unaudited consolidated
balance sheet for the Company and its Subsidiaries as at the end of such month
and (ii) unaudited consolidated statements of income, retained earnings and
consolidated cash flows of the Company and its Subsidiaries for such month. The
financial information provided pursuant to this Section 7(c) shall be
accompanied by a report showing the Company's performance during the period and
through the date covered by such financial information relative to the Annual
Budget applicable to such period and relative to the Company's performance
during the prior fiscal year for the equivalent period and through the
equivalent date. The Company shall cease delivering the information required by
this Section 7(c) after the Company is a Public Company.

     (d)  The Company shall deliver to each Stockholder (other than Advent and
its Permitted Transferees), as soon as practicable after the end of each of the
first three quarterly fiscal periods in each fiscal year of the Company (but in
no event later than 45 days following the end of such periods or such later date
as such financial statements are delivered to the Company's senior lenders
pursuant to the Senior Credit Agreement), a copy of (i) an unaudited
consolidated balance sheet of the Company and its Subsidiaries as at the end of
such fiscal quarter, and (ii) unaudited consolidated statements of income,
retained earnings and consolidated cash flows of the Company and its
Subsidiaries for such quarter and (in the case of the second and third quarters,
for the portion of the fiscal year ending with such quarter), subject to normal

                                       10

<PAGE>

year end audit adjustments. Such statements shall be prepared in accordance with
generally accepted accounting principles in the United States of America as in
effect from time to time ("GAAP"). The financial information provided pursuant
to this Section 7(d) shall be accompanied by a report showing the Company's
performance during the period and through the date covered by such financial
information relative to the Annual Budget applicable to such period and relative
to the Company's performance during the prior fiscal year for the equivalent
period and through the equivalent date. The Company shall cease delivering the
information required by this Section 7(d) after the Company is a Public Company.

     (e)  The Company shall deliver to each Stockholder (other than Advent and
its Permitted Transferees), as soon as practicable after the end of each fiscal
year of the Company (but in no event later than 90 days following the end of
such year or such later date as such financial statements are delivered to the
Company's senior lenders pursuant to the Senior Credit Agreement), a copy of (A)
an audited consolidated balance sheet of the Company and its Subsidiaries as at
the end of such year, and (B) audited consolidated statements of income,
retained earnings and consolidated cash flows of the Company and its
Subsidiaries for such year. Such statements shall be prepared in accordance with
GAAP. The financial information provided pursuant to this Section 7(e) shall be
accompanied by a report showing the Company's performance during the period and
through the date covered by such financial information relative to the Annual
Budget applicable to such period and relative to the Company's performance
during the prior fiscal year. The Company shall cease delivering the information
required by this Section 7(e) after the Company is a Public Company.

     (f)  The Company shall, and shall cause each of its Subsidiaries to,
provide prompt written notice to the Bain Group of any report, notice or other
communication received by the Company or any of its Subsidiaries from any of
their respective accountants or other professional advisors or from any
Governmental Authority. Such notice shall include a copy of such report, notice
or other communication.

     (g)  The Company shall, with respect to itself and each of its
Subsidiaries, maintain directors' and officer's and other insurance on terms and
conditions (including with respect to premiums, coverage amounts and
deductibles) reasonably satisfactory to the Bain Group, in each case naming the
Company or such Subsidiary, as applicable, as the beneficiary thereunder.

     (h)  The Company shall, and shall cause each of its Subsidiaries to, give
the Bain Group prompt written notice of any material development, whether
positive or negative, that affects, or would be reasonably likely to affect, the
respective businesses of the Company and its Subsidiaries.

8.   Public Offering.

     (a)  In the event that the Board approves a Public Offering, the holders of
Stockholder Shares will use reasonable efforts to take all necessary action in
connection with the consummation of a Public Offering. In the event that such
Public Offering is an underwritten offering and the managing underwriters advise
the Company or the holders of the Bain shares determine that the Company's then
current Common Stock structure (other than the rights and obligations under this
Agreement) will adversely affect the marketability of the offering, each

                                       11

<PAGE>

holder of Stockholder Shares will consent to and vote for a recapitalization,
reorganization and/or exchange of the Common Stock into securities that the
managing underwriters, the Board and holders of a majority of the shares of
Common Stock then outstanding find acceptable and will take all necessary or
desirable actions in connection with the consummation of the recapitalization,
reorganization and/or exchange so long as in such recapitalization,
reorganization and/or exchange, all holders of Stockholder Shares receive the
same equity instruments in the same proportions. The parties agree that the
rights and obligations specified in this Agreement shall survive the
consummation of a Public Offering, except to the extent expressly provided
herein.

     (b)  In the event the Board approves a public offering or sale of the
Common Stock of the Company (or any other securities representing, or
exercisable for or convertible into, shares of Common Stock) pursuant to the
securities laws of a country other than the United States of America, the Board
shall have the power to amend this Agreement in such manner as it shall deem
reasonably necessary to ensure that the provisions of this Agreement that apply
to or are otherwise implicated by a Public Offering or a sale of securities in
accordance with the securities laws of the United States of America will apply
in a substantially similar manner to any offering or sale under such foreign
securities laws.

9.   Confidential Information.

     (a)  Subject to Section 9(f) below, each Stockholder hereby agrees that it
shall not, and shall cause each member of such Stockholder's Stockholder Group
not to, disclose any part of the Confidential Information to any person or
entity other than (i) as required by law or legal process in accordance with
Section 9(b) below or (ii) to a member of such Stockholder's Stockholder Group.

     (b)  In the event any Stockholder or member of such Stockholder's
Stockholder Group is compelled by law or legal process to disclose any
Confidential Information, such Stockholder (i) shall promptly notify the Company
prior to the disclosure of such Confidential Information so that the Company may
seek an appropriate protective order or waive compliance with the provisions of
this Section 9 and (ii) in the absence of a protective order, shall permit the
Company to seek an order or other assurance that confidential treatment will be
accorded to such portion of the Confidential Information required to be
disclosed and shall reasonably cooperate in the Company's effort to obtain such
an order or assurance.

     (c)  Each Stockholder hereby agrees to use its commercially reasonable
efforts to make sure each member of such Stockholder's Stockholder Group is
aware of the confidentiality provisions contained in this Section 9 and agrees
to be bound by them. Notwithstanding the foregoing each Stockholder remains
strictly liable for any breaches hereof by any member of that Stockholder's
Stockholder Group; it being acknowledged that no Stockholder who is an
individual has any members in a Stockholder Group.

     (d)  If any Stockholder or member of such Stockholder's Stockholder Group
discloses any Confidential Information in violation of the terms and conditions
of this Section 9, then, upon such wrongful disclosure, such Stockholder shall
forfeit any right such Stockholder may have: (i) to designate a member of the
Board pursuant to Section 1(a) hereof of otherwise; (ii) to

                                       12

<PAGE>

participate in a Transfer of Stockholder Shares pursuant to Section 2(b) or 2(c)
hereof; (iii) to Transfer Stockholder Shares pursuant to Section 2(d) hereof;
(iv) to purchase Stockholder Shares pursuant to Section 4 hereof; (v) to
exercise a Put pursuant to Section 5 hereof and (vi) to sell Registrable
Securities pursuant to any Demand Registration or any Piggyback Registration (as
such terms are defined in the Registration Rights Agreement). Notwithstanding
anything in this Section 9 to the contrary, upon any forfeiture of the foregoing
rights by any Stockholder, such Stockholder's obligations under each of this
Agreement and the Registration Rights Agreement will remain in effect and
unchanged.

     (e)  The obligations of confidentiality in this Section 9 shall survive the
termination of this Agreement.

     (f)  Notwithstanding anything in this Section 9 to the contrary, the terms
of this Section 9 shall not apply to Advent.

10.  Certain Approval Rights.

     (a)  So long as the Bain Group continues to hold at least 50% of the Bain
Shares held by it on the Closing Date, without the prior approval of the Bain
Group, the Company shall not, and shall cause each of its Subsidiaries not to:

          (i)     other than any transaction pursuant to any Transaction
Document, enter into any transaction or series of transactions with any
stockholder, director, officer, employee or Affiliate;

          (ii)    other than any securities issued pursuant to the 2003
Executive Stock Option Plan, authorize, create or issue any securities (or any
rights or securities directly or indirectly convertible into or exercisable or
exchangeable for securities);

          (iii)   invest in or purchase any interest in any company, partnership
or business (whether by a purchase of assets, purchase of stock, merger or
otherwise) or enter into any joint venture or similar transaction, or make any
investment outside the ordinary course of business;

          (iv)    engage in any transaction outside the ordinary course of
business, including entering into the ownership, active management or operation
of any business other than the businesses of the Company and its Subsidiaries as
of the date hereof or terminating any part of its current business;

          (v)     amend or modify any stock option plan or employee stock
ownership plan as in existence as of the Closing, including the 2003 Executive
Stock Option Plan, adopt any new stock option plan or employee stock ownership
plan or issue any shares of Common Stock to its employees other than pursuant to
the 2003 Executive Stock Option Plan;

          (vi)    create, incur, assume or suffer to exist any material
indebtedness other than such indebtedness incurred on or prior to the date
hereof and any amendment, restatement, renewal, replacement or refinancing
thereof;

                                       13

<PAGE>

          (vii)   make material capital expenditures (including material
expenditures under capital leases); or

          (viii)  initiate or settle any material claim, lawsuit or other legal
proceeding.

11.  Legend. Each certificate evidencing Stockholder Shares and each certificate
issued in exchange for or upon the transfer of any Stockholder Shares (if such
shares remain Stockholder Shares as defined herein after such Transfer) shall be
stamped or otherwise imprinted with a legend in substantially the following
form:

     "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
     TRANSFERS AND VOTING RESTRICTIONS PURSUANT TO A STOCKHOLDERS AGREEMENT
     DATED AS OF OCTOBER 30, 2003 AMONG THE ISSUER OF SUCH SECURITIES (THE
     "COMPANY") AND CERTAIN OF THE COMPANY'S STOCKHOLDERS, AS SUCH AGREEMENT MAY
     BE AMENDED FROM TIME TO TIME. A COPY OF SUCH STOCKHOLDERS AGREEMENT WILL BE
     FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN
     REQUEST."

The Company shall imprint such legend on certificates evidencing Stockholder
Shares outstanding prior to the date hereof. The legend set forth above shall be
removed from the certificates evidencing any shares which cease to be
Stockholder Shares in accordance with the terms of this Agreement.

12.  Definitions.

     "2003 Executive Stock Option Plan" means the Company's 2003 Executive Stock
Option Plan as approved by the Board, and as the same may be amended, restated
or otherwise modified from time to time.

     "Additional Stockholders" means any Person (other than any member of the
Bain Group) who acquires Common Stock and who agrees to be bound by the terms of
this Agreement pursuant to the terms hereof.

     "Additional Stockholder Shares" means any Common Stock acquired by
Additional Stockholders and any equity securities issued or issuable directly or
indirectly with respect to such Common Stock by way of stock dividend or stock
split or in connection with a combination of shares, recapitalization, merger,
consolidation or other reorganization. Any particular shares constituting
Additional Stockholder Shares that are transferred in compliance with the
provisions of this Agreement shall continue to constitute Additional Stockholder
Shares in the hands of any such transferee; such shares will cease to be
Additional Stockholder Shares only when they have been (i) effectively
registered under the Securities Act and disposed of in accordance with the
registration statement covering them, or (ii) sold to the public pursuant to
Rule 144 (or by similar provisions then in force) under the Securities Act.

                                       14

<PAGE>

     "Advent" means, collectively, (i) Advent Global, (ii) Advent Partners II
Limited Partnership, a Delaware limited partnership, and (iii) Advent Partners
GPE-IV Limited Partnership, a Delaware limited partnership.

     "Advent Global" means Global Private Equity IV Limited Partnership, a
Delaware limited partnership.

     "Advent Shares" means any Common Stock acquired by Advent and any equity
securities issued or issuable directly or indirectly with respect to such Common
Stock by way of stock dividend or stock split or in connection with a
combination of shares, recapitalization, merger, consolidation or other
reorganization.

     "Affiliate" shall mean with respect to any Person, any other Person
controlling, controlled by or under common control with the Person.

     "Agreement" has the meaning set forth in the preamble hereto.

     "Annual Budget" has the meaning set forth in Section 7(b) hereof.

     "Approved Sale" has the meaning set forth in Section 3 hereof.

     "Bain Group" has the meaning set forth in the preamble hereto.

     "Bain Holders" has the meaning set forth in Section 1 hereof.

     "Bain Shares" means any Common Stock acquired by the Bain Group (or its
Affiliates) and any equity securities issued or issuable directly or indirectly
with respect to such Common Stock by way of stock dividend or stock split or in
connection with a combination of shares, recapitalization, merger, consolidation
or other reorganization. Any particular shares constituting Bain Shares that are
Transferred in compliance with the provisions of this Agreement shall continue
to constitute Bain Shares in the hands of any such transferee; such shares will
cease to be Bain Shares only when they have been (i) Transferred to any employee
of the Company or any of its Subsidiaries or to any member of the Board, (ii)
effectively registered under the Securities Act and disposed of in accordance
with the registration statement covering them, or (iii) sold to the public
pursuant to Rule 144 (or by similar provision then in force) under the
Securities Act.

     "Bear Stearns" means, collectively, (i) Bear Stearns Merchant Banking
Partners II, L.P., a Delaware limited partnership, (ii) Bear Stearns Merchant
Banking Investors II, L.P., a Delaware limited partnership, (iii) Bear Stearns
MB-PSERS II, L.P., a Delaware limited partnership, (iv) The BSC Employee Fund
III, L.P., a Delaware limited partnership, and (v) The BSC Employee Fund IV,
L.P., a Delaware limited partnership.

     "Board" has the meaning set forth in the recitals hereto.

     "Business Day" means any day that is not a Saturday, a Sunday or any other
day on which banks are required or authorized by law to be closed in the State
of New York.

                                       15

<PAGE>

     "Cause" means, with respect to any Putting Stockholder, the meaning
assigned to such term in such Putting Stockholder written employment
arrangements with the Company or any of its Subsidiaries or, only in the absence
of any such written employment arrangement, "Cause" shall mean any of the
following: (i) Putting Stockholder commits or is charged with a felony or other
crime involving moral turpitude or commits any other act or omission involving
dishonesty, disloyalty or fraud with respect to the Company or any of its
Subsidiaries or any of their customers or suppliers, (ii) conduct by Putting
Stockholder causing the Company or any of its Subsidiaries substantial public
disgrace or disrepute or economic harm, (iii) Putting Stockholder's repeated
failure to perform duties as reasonably directed by the Board or any executive
officer of the Company or any of its Subsidiaries to whom such Putting
Stockholder reports, (iv) any act or omission aiding or abetting a competitor,
supplier or customer of the Company or any of its Subsidiaries to the material
disadvantage or detriment of the Company and its Subsidiaries, (v) breach of
fiduciary duty, gross negligence or willful misconduct with respect to the
Company or any of its Subsidiaries, (vi) Putting Stockholder's abuse of alcohol
or illegal drugs, (vii) misappropriation by Executive of one or more of the
Company's of its Subsidiaries' assets or business opportunities, (viii) breach
by Putting Stockholder of any confidentiality, non-compete, non-solicitation
agreement with the Company or any of its Subsidiaries or any arrangement dealing
with the ownership or protection of the Company's and its Subsidiaries'
proprietary rights or (ix) any material breach of this or any employment
agreement between the Company or its Subsidiaries and such Putting Stockholder
or any material breach of any executive stock agreement evidencing the purchase
and sale of Common Stock or the grant of options to acquire Common Stock by the
Company to such Putting Stockholder.

     "Certificate of Incorporation" means the Company's certificate of
incorporation in effect at the time as of which any determination is being made.

     "Class A Common" has the meaning set forth in the recitals hereto.

     "Class L Common" has the meaning set forth in the recitals hereto.

     "Closing Date" has the meaning set forth in the Merger Agreement.

     "Common Stock" has the meaning set forth in the recitals hereto.

     "Company" has the meaning set forth in the preamble hereto.

     "Confidential Information" means all material confidential, non-public or
proprietary information (whether technical, marketing, business, financial or
otherwise), in whatever form (whether tangible, orally communicated, physically
communicated or disclosed in writing, electronically or otherwise, including,
without limitation, information disclosed by samples or demonstrations of
processes, techniques or equipment) which relates to the Company or any of its
Subsidiaries, including, without limitation, any document or other information
distributed to members of the Board. "Confidential Information" shall not
include: (i) information which can be shown to be in the public domain (provided
that such information has not or does not come into the public domain as the
result of improper disclosure) and (ii) information which becomes available on a
non-confidential basis from a source other than the Company or any of its

                                       16

<PAGE>

Subsidiaries (provided that such source is not known by the person receiving
such information to be bound by a confidentiality arrangement with the Company
or any of its Subsidiaries).

     "Election Period" has the meaning set forth in Section 2(b) hereof.

     "Fair Market Value" means, with respect to any Additional Stockholder
Shares to be repurchased pursuant to Section 5 hereof, the fair market value of
such Additional Stockholder Shares as mutually agreed by the Board and the
Putting Stockholder in good faith. To the extent the Board and the Putting
Stockholder cannot in good faith agree on such fair market value, "Fair Market
Value" shall be determined by an independent appraiser mutually acceptable to
the Board and the Putting Stockholder (the "Independent Appraiser"). The
Independent Appraiser shall determine the fair market value of such Additional
Stockholder Shares in relation to the percentage represented by such Additional
Stockholder Shares of the fair market value of the Company's entire common
equity determined on a going concern basis as between a willing buyer and
willing seller and taking into account all relevant factors determinative of
value; provided, that no discount shall be applied to such Additional
Stockholder Shares for any liquidity associated with such Additional Stockholder
Shares or by reason of by the fact such Additional Stockholder Shares may
represent a minority interest.

     "Family Group" means, with respect to any natural person, such person's
spouse, siblings and descendants (whether natural or adopted) and any trust or
other entity solely for the benefit of such person and/or such person's spouse,
their respective ancestors and/or descendants.

     "GAAP" has the meaning set forth in Section 7 hereof.

     "Governmental Authority" means any Federal, state, municipal, local or
foreign government, governmental authority, regulatory or administrative agency,
governmental commission, board, bureau, agency or instrumentality, court,
tribunal, arbitrator or arbitral body.

     "Holdco" has the meaning set forth in Section 17 hereof.

     "Holdings Term Loan" means that certain term loan agreement in the
principal amount of $3,500,000, dated as of October 30, 2003, by and between
Bank of America, N.A. and the Company, including any related notes, instruments
and agreements executed in connection therewith, as amended, restated, renewed,
refunded, replaced or refinanced from time to time.

     "Independent Third Party" means any Person who, immediately prior to the
contemplated transaction, does not own in excess of 5% of the Company's Common
Stock on a fully-diluted basis (a "5% Owner"), who is not controlling,
controlled by or under common control with any such 5% Owner.

     "Management Stockholder" means any Additional Stockholder who is an
employee or member of management of the Company or any of its Subsidiaries.

     "Merger Agreement" means that certain Agreement and Plan of Merger, dated
as of August 29, 2003, by and among the Company, Keystone Merger Sub, Inc.,
Keystone Automotive Operations, Inc. and LAGE LLC, as holder representative, as
the same may be amended, restated or otherwise modified from time to time.

                                       17

<PAGE>

     "Non-Offering Additional Stockholders" has the meaning set forth in Section
2(b) hereof.

     "Offer Notice" has the meaning set forth in Section 2(b) hereof.

     "Offering Stockholder" has the meaning set forth in Section 2(b) hereof.

     "Original Cost" means, (i) with respect to Class A Common, $0.1944 per
share, and (ii) with respect to Class L Common, $15.75 per share.

     "Other Stockholders" has the meaning set forth in Section 2(c) hereof.

     "Permitted Transferee" has the meaning set forth in Section 2(d) hereof.

     "Person" means an individual, a partnership, a corporation, a limited
liability company, an association, a joint stock company, a trust, a joint
venture, an unincorporated organization and a governmental entity or any
department, agency or political subdivision thereof.

     "Pro Rata Share" has the meaning set forth in Section 2(c) hereof.

     "Public Company" means a company whose securities are registered pursuant
to Section 12(b) or 12(g) of the Securities Exchange Act.

     "Public Offering" means any underwritten sale of Common Stock pursuant to
an effective registration statement under the Securities Act filed with the
Securities and Exchange Commission on Form S-1 (or a successor form adopted by
the Securities and Exchange Commission); provided, that the following shall not
be considered a Public Offering: (i) any issuance of Common Stock as
consideration or financing for a merger or acquisition and (ii) any issuance of
Common Stock or rights to acquire Common Stock to employees of the Company or
its Subsidiaries as part of an incentive or compensation plan. For the avoidance
of doubt, the term "Common Stock" as used in this definition shall be deemed to
include any securities into which the Common Stock may be restructured in
accordance with Section 8(a) hereof.

     "Public Sale" means any sale of Stockholder Shares to the public pursuant
to an offering registered under the Securities Act or to the public pursuant to
the provisions of Rule 144 adopted under the Securities Act.

     "Put" has the meaning set forth in Section 5(a) hereof.

     "Put Closing" has the meaning set forth in Section 5(b) hereof.

     "Put Note" has the meaning set forth in Section 5(c) hereof.

     "Put Notice" has the meaning set forth in Section 5(a) hereof.

     "Putting Stockholder" has the meaning set forth in Section 5(a) hereof.

     "Registration Rights Agreement" means the Registration Rights Agreement,
dated as of the date hereof, by and among the Company and stockholders of the
Company parties thereto, as the same may be amended, restated or otherwise
modified from time to time.

                                       18

<PAGE>

     "Sale Notice" has the meaning set forth in Section 2(c) hereof.

     "Securities Act" means the Securities Act of 1933, as amended from time to
time.

     "Securities Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time.

     "Senior Credit Agreement" means that certain Credit Agreement, dated as of
October 30, 2003, by and among Keystone Automotive Operations, Inc., the
guarantor subsidiaries named therein, Bank of America, N.A., as agent, and Banc
of America Securities LLC and UBS Securities LLC, as co-lead arrangers, and the
other lenders named therein, including any related notes, guarantees, collateral
documents, instruments and agreements executed in connection therewith, and in
each case as amended, modified, renewed, refunded, replaced or refinanced from
time to time.

     "Stockholder" has the meaning set forth in the preamble hereto.

     "Stockholder Group" means, with respect to any Stockholder, such
Stockholder's and its Subsidiaries' employees, officers, directors, agents,
representatives, partners, shareholders, members and Affiliates, as applicable,
and any person which such Stockholder designates to serve on the Board pursuant
to any rights such Stockholder may have from time to time to designate a member
of Board pursuant to Section 1(a) hereof or otherwise.

     "Stockholder Shares" means the Bain Shares and the Additional Stockholder
Shares.

     "Strategic Transaction" means the Transfer in connection with an
acquisition by the Company or to a strategic partner, i.e., a Person who, as
determined by the Board, will benefit the Company as a result of experience,
expertise, knowledge or relationships, other than experience, expertise,
knowledge or relationships principally with respect to capital markets
activities.

     "Sub Board" has the meaning set forth in Section 1(a) hereof.

     "Subsidiary" means with respect to any Person, any corporation,
partnership, association or other business entity of which (i) if a corporation,
a majority of the total voting power of shares of stock entitled (without regard
to the occurrence of any contingency) to vote in the election of directors is at
the time owned or controlled, directly or indirectly, by that Person or one or
more of the other Subsidiaries of that Person or a combination thereof, or (ii)
if a partnership, association or other business entity, a majority of the
partnership or other similar ownership interest thereof is at the time owned or
controlled, directly or indirectly, by any Person or one or more Subsidiaries of
that Person or a combination thereof. For purposes hereof, a Person or Persons
shall be deemed to have a majority ownership interest in a partnership,
association or other business entity if such Person or Persons shall be
allocated a majority of partnership, association or other business entity gains
or losses or shall be or control the managing director or general partner of
such partnership, association or other business entity.

     "Transaction Documents" means, collectively, this Agreement, the
Registration Rights Agreement, the 2003 Executive Stock Option Plan, any option
agreement entered into in

                                       19

<PAGE>

connection with the 2003 Executive Stock Option Plan, any written employment
agreement that any Stockholder has entered into with the Company on the date
hereof and the Merger Agreement.

     "Transfer" has the meaning set forth in Section 2(a) hereof.

     "Transferring Stockholder" has the meaning set forth in Section 2(c)
hereof.

13.  Transfers in Violation of Agreement. Any Transfer or attempted Transfer of
any Stockholder Shares in violation of any provision of this Agreement shall be
void, and the Company shall not record such Transfer on its books or treat any
purported transferee of such Stockholder Shares as the owner of such shares for
any purpose.

14.  Amendment and Waiver. Except as otherwise provided herein, the provisions
of this Agreement may be amended or waived only upon the prior written consent
of the Company and a majority of each of the Bain Holders and the Additional
Stockholders; provided, that (i) Section 1(a)(ii)(B) hereof may not be amended
without the prior written consent of Advent and (ii) to the extent and so long
as any Stockholder has a contractual right to be nominated to the Board pursuant
to Section 1(a)(ii)(A) hereof, Section 1(a)(ii)(A) hereof may not be amended
without the prior written consent of such Stockholder. The failure of any party
to enforce any of the provisions of this Agreement shall in no way be construed
as a waiver of such provisions and shall not affect the right of such party
thereafter to enforce each and every provision of this Agreement in accordance
with its terms.

15.  Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or the effectiveness or validity of any provision in any
other jurisdiction, and this Agreement shall be reformed, construed and enforced
in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein.

16.  Entire Agreement. Except as otherwise expressly set forth herein, this
Agreement and the other Transaction Documents embody the complete agreement and
understanding among the parties hereto with respect to the subject matter hereof
and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way.

17.  Successors and Assigns. Except as otherwise provided in this Agreement,
this Agreement shall bind and inure to the benefit of and be enforceable by the
Company and its successors and permitted assigns and the Stockholders and any
subsequent holders of Stockholder Shares and the respective successors and
permitted assigns of each of them, so long as they hold Stockholder Shares. If
the holders of Stockholder Shares create a new holding company ("Holdco"), the
result of which is that the shareholders of the Company immediately before such
event become all the shareholders of Holdco, then the provisions of this
Agreement will, in addition to the Company, apply to Holdco in the same manner
as if Holdco were substituted for the Company throughout this Agreement.

                                       20

<PAGE>

18.  Third Party Beneficiary. Section 1(e) of this Agreement has been entered
into by the parties hereto for the benefit of Bain Capital VII Coinvestment
Fund, L.P. and such provision shall be enforceable directly by Bain Capital VII
Coinvestment Fund, L.P. The parties hereto will not amend the terms of Section
1(f) without the prior written consent of Bain Capital VII Coinvestment Fund,
L.P.

19.  Counterparts. This Agreement may be executed in separate counterparts each
of which shall be an original and all of which taken together shall constitute
one and the same agreement.

20.  Remedies. The parties hereto agree and acknowledge that money damages may
not be an adequate remedy for any breach of the provisions of this Agreement and
that the Company and any Stockholder shall have the right to injunctive relief,
in addition to all of its rights and remedies at law or in equity, to enforce
the provisions of this Agreement. Nothing contained in this Agreement (other
than the provisions of Sections 1(e) and 16) shall be construed to confer upon
any Person who is not a signatory hereto any rights or benefits, as a third
party beneficiary or otherwise.

21.  Notices. All notices, demands and other communications to be given or
delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given when personally delivered, sent
by telecopy (with receipt confirmed) on a Business Day during regular business
hours of the recipient (or, if not, on the next succeeding Business Day) or two
Business Days after sent by reputable overnight express courier (charges
prepaid). Such notices, demands and other communications shall be sent to the
following Persons at the following addresses:

               If to the Company, to:
               ---------------------

               Keystone Automotive Holdings, Inc.
               c/o Bain Capital NY, LLC
               745 Fifth Avenue
               New York, NY 10151
               Attn:  Stephen M. Zide

               with a copy (which shall not constitute notice to the
               -----------------------------------------------------
               Company), to:
               ------------

               Kirkland & Ellis LLP
               Citigroup Center
               153 East 53rd Street
               New York, NY 10022-4611
               Telecopy: (212) 446-4900
               Attn:  Eunu Chun

               If to the Bain Group, to:
               ------------------------

               Bain Capital NY, LLC
               745 Fifth Avenue
               New York, NY 10151
               Telecopy: (212) 326-9420

                                       21

<PAGE>

               Attn:  Stephen M. Zide

               with a copy (which shall not constitute notice to the Bain
               ----------------------------------------------------------
               Group), to:
               ----------

               Kirkland & Ellis LLP
               Citigroup Center
               153 East 53rd Street
               New York, NY 10022-4611
               Telecopy: (212) 446-4900
               Attn:  Eunu Chun

                                       22

<PAGE>

               If to Advent, to:
               ----------------

               c/o Advent International Corporation
               75 State Street
               Boston, MA 02109
               Telecopy: (617) 951-9444
               Attn:  Robert E. Taylor, Jr.

               with a copy (which shall not constitute notice to Advent), to:
               -------------------------------------------------------------

               Pepper Hamilton LLP
               3000 Two Logan Square
               18/th/ & Arch Streets
               Philadelphia, PA 19103-2799
               Telecopy: (215) 981-4750
               Attn:  James D. Epstein

               If to Bear Stearns to:
               ---------------------

               c/o Bear Stearns & Co. Inc.
               383 Madison Avenue, 40/th/ Floor
               New York, NY 10179
               Telecopy: (212) 272-7425
               Attn:  John D. Howard

               with a copy (which shall not constitute notice to Bear
               ------------------------------------------------------
               Stearns), to:
               ------------

               Kirkland & Ellis LLP
               Citigroup Center
               153 East 53rd Street
               New York, NY 10022-4611
               Telecopy: (212) 446-4900
               Attn:  Michael T. Edsall

               If to any other Person party to this Agreement, to:
               --------------------------------------------------

               the address for such Person shown in the books and records
               of the Company;

or to such other Person as the recipient party has specified by prior written
notice to the sending party.

22.  Delivery by Facsimile. This Agreement and any signed agreement or
instrument entered into in connection thereto or contemplated thereby, and any
amendments hereto or thereto, to the extent signed and delivered by means of a
facsimile machine, shall be treated in all manner and respects as an original
agreement or instrument and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person. At
the request of any party hereto or to any such agreement or instrument, each
other party hereto or thereto shall re-execute original forms thereof and
deliver them to all other parties. No party hereto or to any such agreement or
instrument shall raise the use of a facsimile machine to deliver a signature or
the fact that any signature or agreement or instrument was transmitted or
communicated through

                                       23

<PAGE>

the use of a facsimile machine as a defense to the formation of a contract and
each such party forever waives any such defense.

23.  Governing Law. THE CORPORATE LAW OF THE STATE OF DELAWARE WILL GOVERN ALL
ISSUES CONCERNING THE RELATIVE RIGHTS OF THE COMPANY AND ITS STOCKHOLDERS. ALL
OTHER ISSUES CONCERNING THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY
CHOICE OF LAW OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF NEW
YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAW OF
ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK.

24.  Descriptive Headings. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

                                    * * * * *

                                       24

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Stockholders
Agreement on the day and year first above written.

                                        KEYSTONE AUTOMOTIVE HOLDINGS, INC.

                                        By:  /s/ Robert S. Vor Broker
                                             -----------------------------------
                                             Name: Robert S. Vor Broker
                                             Title: President

<PAGE>

                 [Bain Signature Page to Stockholders Agreement]

                                   BAIN CAPITAL FUND VII, LLC

                                   By:  Bain Capital Fund VII, L.P.
                                   Its: Sole Member

                                   By:  Bain Capital Partners VII,L.P.
                                   Its: General Partner

                                   By:  Bain Capital Investors, LLC
                                   Its: General Partner

                                   By:  /s/ Stephen M. Zide
                                        -------------------------------
                                        Name:  Stephen M. Zide
                                        Title: Managing Director

                                   BAIN CAPITAL VII COINVESTMENT FUND, LLC

                                   By:  Bain Capital VII Coinvestment Fund, L.P.
                                   Its: Sole Member

                                   By:  Bain Capital Partners VII,L.P.
                                   Its: General Partner

                                   By:  Bain Capital Investors, LLC
                                   Its: General Partner

                                   By:  /s/ Stephen M. Zide
                                        -------------------------------
                                        Name:  Stephen M. Zide
                                        Title: Managing Director

                                   BCIP ASSOCIATES III, LLC

                                   By:  BCIP Associates III
                                   Its: Manager

                                   By:  Bain Capital Investors, LLC
                                   Its: Managing Partner

                                   By:  /s/ Stephen M. Zide
                                        -------------------------------
                                        Name:  Stephen M. Zide
                                        Title: Managing Director

                                   BCIP T ASSOCIATES III, LLC

                                   By:  BCIP Trust Associates III
                                   Its: Manager

                                   By:  Bain Capital Investors, LLC
                                   Its: Managing Partner

                                   By:  /s/ Stephen M. Zide
                                         -------------------------------
                                         Name:  Stephen M. Zide
                                         Title: Managing Director

                                   BCIP ASSOCIATES III-B, LLC

                                   By:  BCIP Associates III-B
                                   Its: Manager

                                   By:  Bain Capital Investors, LLC
                                   Its: Managing Partner

                                   By:  /s/ Stephen M. Zide
                                        -------------------------------
                                        Name:  Stephen M. Zide
                                        Title: Managing Director

                                   BCIP T ASSOCIATES III-B, LLC

                                   By:  BCIP Trust Associates III-B
                                   Its: Manager

                                   By:  Bain Capital Investors, LLC
                                   Its: Managing Partner

                                   By:  /s/ Stephen M. Zide
                                         -------------------------------
                                         Name:  Stephen M. Zide
                                         Title: Managing Director

<PAGE>

            [Bain Signature Page to Stockholders Agreement Continued]

                                        BCIP T ASSOCIATES III-B, LLC

                                        By:
                                             -----------------------------------
                                             Name:
                                             Title:

<PAGE>

                [Advent Signature Page to Stockholders Agreement]

                                        GLOBAL PRIVATE EQUITY IV LIMITED
                                        PARTNERSHIP

                                        By:  Advent International Limited
                                             Partnership
                                        Its: General Partner

                                        By:  Advent International Corporation
                                        Its: General Partner

                                        By:  /s/ Robert E. Taylor, Jr.
                                             -----------------------------------
                                             Name:  Robert E. Taylor, Jr.
                                             Title: Vice President

                                        ADVENT PARTNERS II LIMITED PARTNERSHIP

                                        By:  Advent International Corporation
                                        Its: General Partner

                                        By:  /s/ Robert E. Taylor, Jr.
                                             -----------------------------------
                                             Name:  Robert E. Taylor, Jr.
                                             Title: Vice President

                                        ADVENT PARTNERS GPE-IV LIMITED
                                        PARTNERSHIP

                                        By:  Advent International Corporation
                                        Its: General Partner

                                        By:  /s/ Robert E. Taylor, Jr.
                                             -----------------------------------
                                             Name:  Robert E. Taylor, Jr.
                                             Title: Vice President

<PAGE>

             [Bear Stearns Signature Page to Stockholders Agreement]

                                        BEAR STEARNS MERCHANT BANKING
                                        PARTNERS II, L.P.

                                        By:  Bear Stearns Merchant
                                             Capital II, L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

                                        BEAR STEARNS MERCHANT BANKING
                                        INVESTORS II, L.P.

                                        By:  Bear Stearns Merchant
                                             Capital II, L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

                                        BEAR STEARNS MB-PSERS II, L.P.

                                        By:  Bear Stearns Merchant
                                             Capital II, L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

<PAGE>

        [Bear Stearns Signature Page to Stockholders Agreement Continued]

                                        THE BSC EMPLOYEE FUND III, L.P.

                                        By:  Bear Stearns Merchant
                                             Capital II, L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

                                        THE BSC EMPLOYEE FUND IV, L.P.

                                        By:  Bear Stearns Merchant
                                             Capital II, L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

<PAGE>

           [Randolph Street Signature Page to Stockholders Agreement]

                                        RANDOLPH STREET PARTNERS VI

                                        By:  /s/ Eunu Chun
                                             -----------------------------------
                                             Name:  Eunu Chun
                                             Title: Managing Partner

<PAGE>

        [Individual Stockholder Signature Page to Stockholders Agreement]

                                         /s/ Richard Pointkowski
                                        ----------------------------------------
                                        RICHARD POINTKOWSKI

                                         /s/ Bryant P. Bynum
                                        ----------------------------------------
                                        BRYANT P. BYNUM

                                         /s/ Philip Avvisato
                                        ----------------------------------------
                                        PHILIP AVVISATO

                                         /s/ Anthony Fordiani
                                        ----------------------------------------
                                        ANTHONY FORDIANI

                                         /s/ Patrick Judge, Sr.
                                        ----------------------------------------
                                        PATRICK JUDGE, SR.

                                         /s/ Richard Kovalick
                                        ----------------------------------------
                                        RICHARD KOVALICK

                                         /s/ Lawrence Montante
                                        ----------------------------------------
                                        LAWRENCE MONTANTE

                                         /s/ James Ruby
                                        ----------------------------------------
                                        JAMES RUBY

                                         /s/ Robert S. Vor Broker
                                        ----------------------------------------
                                        ROBERT S. VOR BROKER

<PAGE>

                                   SCHEDULE I

                                   Bain Group
                                   ----------

Bain Capital Fund VII, LLC

Bain Capital VII Coinvestment Fund, LLC

BCIP Associates III, LLC

BCIP T Associates III, LLC

BCIP Associates III-B, LLC

BCIP T Associates III-B, LLC

<PAGE>

                                   SCHEDULE II

                        Ownership of Company Common Stock
                        ---------------------------------

                                          Number of    Number of
                                          Shares of    Shares of
                                           Class L      Class A
                                           Common       Common
                                            Stock        Stock

Bain Capital Fund VII, LLC                 6,410,822   57,697,393

Bain Capital VII Coinvestment Fund, LLC    1,058,572    9,527,143

BCIP Associates III, LLC                     150,154    1,490,168

BCIP T Associates III, LLC                   167,084    1,364,939

BCIP Associates III-B, LLC                    37,290      336,095

BCIP T Associates III-B, LLC                   7,507       67,119

Global Private Equity IV, LP               1,119,144   10,072,286

Advent Partners II LP                          9,543       85,886

Advent Partners GPE-IV LP                     14,171      127,543

Bear Stearns Merchant Banking
Partners II, L.P.                            225,268    2,027,401

Bear Stearns Merchant Banking
Investors II, L.P.                            44,702      402,320

Bear Stearns MB-PSERS II, L.P.               123,774    1,113,968

The BSC Employee Fund III, L.P.               63,985      575,866

The BSC Employee Fund IV, L.P.               113,700    1,023,302

Randolph Street Partners VI                   42,857      385,714

Robert S. Vor Broker                          80,000      720,000

Bryant P. Bynum                               40,000      360,000

<PAGE>

                                          Number of    Number of
                                          Shares of    Shares of
                                           Class L      Class A
                                           Common       Common
                                            Stock        Stock

Patrick Judge, Sr.                            74,286      668,571

Richard Pointkowski                           28,571      257,143

Richard Kovalick                              74,286      668,571

James Ruby                                    28,571      257,143

Anthony Fordiani                              28,571      257,143

Philip Avvisato                               28,571      257,143

Lawrence Montante                             28,571      257,143
                                          ----------   ----------
Total:                                    10,000,000   90,000,000

<PAGE>

                                    EXHIBIT A
                                    ---------

                               FORM OF JOINDER TO
                             STOCKHOLDERS AGREEMENT
                             ----------------------

          THIS JOINDER (this "Joinder") to that certain Stockholders Agreement,
dated as of October [_], 2003, by and among Keystone Automotive Holdings, Inc.,
a Delaware corporation (the "Company"), and certain stockholders of the Company
(the "Agreement"), is made and entered into as of [__________] by and between
the Company and [Holder] ("Holder"). Capitalized terms used but not otherwise
defined herein shall have the meanings set forth in the Agreement.

          WHEREAS, Holder has acquired certain shares of the Company's [Common
Stock] ("Holder Stock"), and the Agreement and the Company requires Holder, as a
holder of [Common Stock], to become a party to the Agreement, and Holder agrees
to do so in accordance with the terms hereof.

          NOW, THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties to this Joinder hereby agree as
follows:

1.   Agreement to be Bound. Holder hereby agrees that upon execution of this
     Joinder, Holder shall become a party to the Agreement and shall be fully
     bound by, and subject to, all of the covenants, terms and conditions of the
     Agreement as though an original party thereto and shall be deemed [an
     Additional Stockholder] for all purposes thereof. In addition, Holder
     hereby agrees that all [Common Stock] held by Holder shall be deemed
     [Additional Stockholder Shares] for all purposes of the Agreement. [Section
     1 to be changed if Holder is a member of the Bain Group or a Management
     Stockholder.]

2.   Successors and Assigns. Except as otherwise provided herein, this Joinder
     shall bind and inure to the benefit of and be enforceable by the Company
     and its successors and assigns and Holder and any subsequent holders of
     Holder Stock and the respective successors and assigns of each of them, so
     long as they hold any shares of Holder Stock.

3.   Counterparts. This Joinder may be executed in separate counterparts each of
     which shall be an original and all of which taken together shall constitute
     one and the same agreement.

4.   Governing Law. THE CORPORATE LAW OF DELAWARE WILL GOVERN ALL ISSUES
     CONCERNING THE RELATIVE RIGHTS OF THE COMPANY AND ITS STOCKHOLDERS. ALL
     OTHER ISSUES CONCERNING THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
     IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT
     TO ANY CHOICE OF LAW OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE
     STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE
     APPLICATION OF THE LAW OF ANY JURISDICTION OTHER THAN THE STATE OF NEW
     YORK.

                                     A - 1

<PAGE>

5.   Descriptive Headings. The descriptive headings of this Joinder are inserted
     for convenience only and do not constitute a part of this Joinder.

                                    * * * * *

<PAGE>

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

                                        KEYSTONE AUTOMOTIVE HOLDINGS, INC.

                                        By:
                                             -----------------------------------
                                        Name:
                                        Title:

                                        [HOLDER]

                                        By:
                                             -----------------------------------
                                        Name:
                                        Title:<PAGE>

                                                                    EXHIBIT 10.6
                                                                  EXECUTION COPY
                          REGISTRATION RIGHTS AGREEMENT
                          -----------------------------

     THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made as of October
30, 2003 by and among (i) Keystone Automotive Holdings, Inc., a Delaware
corporation (the "Company"), (ii) each of the Persons listed on Schedule I
attached hereto (collectively, the "Bain Group") and (iii) each other Person
listed on the signature pages hereto (each such other Person listed on the
signature pages hereto, the Bain Group and each other Person who from time to
time becomes a party hereto by executing and delivering a joinder in the form
attached hereto as Exhibit A are collectively referred to herein as the
"Stockholders" and each as a "Stockholder"). Capitalized terms used herein and
not otherwise defined herein shall have the meanings assigned to such terms in
Section 9 hereof.

     The parties hereto agree as follows:

1.   Demand Registrations.

     (a)  Requests for Registration. Subject to the covenants set forth in the
following subsections of this Section 1, the holders of a majority of the Bain
Registrable Securities may request (i) up to five (5) registrations under the
Securities Act of all or part of their Registrable Securities on Form S-1 or any
similar long-form registration ("Long-Form Registrations") and (ii) if
available, unlimited registrations under the Securities Act of all or any part
of their Registrable Securities on Form S-2 or S-3 or any similar short-form
registration ("Short-Form Registrations" and, collectively with Long Form
Registrations, "Demand Registrations"). Each member of the Bain Group hereby
acknowledges that it has no such registration rights other than as set forth in
this Agreement. The Company and each member of the Bain Group hereby agree that
to the extent such member of the Bain Group acquires any right hereafter to
request a Demand Registration, such Demand Registration shall be subject to the
provisions of Section 1(e) hereof.

     (b)  Demand Notice. All requests for Demand Registrations shall be made by
giving written notice to the Company (a "Demand Notice"). Each Demand Notice
shall specify the approximate number of Registrable Securities requested to be
registered and the anticipated per share price range for such offering. Within
ten days after receipt of any such Demand Notice, the Company will give written
notice of such requested registration to all other holders of Registrable
Securities and, subject to Section 1(e) below, will include in such registration
(and in all related registrations and qualifications under state blue sky laws
or in compliance with other registration requirements and in any related
underwriting) all Registrable Securities with respect to which the Company has
received written requests for inclusion therein within 30 days after the receipt
of the Company's notice.

     (c)  Demand Registration Expenses. The Company will pay all Registration
Expenses (as defined in Section 5 below) in connection with any registration
initiated as a Demand Registration, whether or not it has become effective.

     (d)  Short-Form Registrations. Demand Registrations will be Short-Form
Registrations whenever the Company is permitted to use any applicable short form
(unless the underwriter of such offering requests the Company to use a Long-Form
Registration in order to

<PAGE>

sell all of the Registrable Securities requested to be sold). After the Company
has become subject to the reporting requirements of the Securities Exchange Act,
the Company will use its best efforts to make Short-Form Registrations available
for the sale of Registrable Securities.

     (e)  Priority on Demand Registrations. If a Demand Registration is an
underwritten offering and the managing underwriters advise the Company in
writing that in their opinion the number of Registrable Securities and, if
permitted hereunder, other securities requested to be included in such offering
exceeds the number of Registrable Securities and other securities, if any, which
can be sold therein without adversely affecting the marketability of the
offering, the Company will include in such registration prior to the inclusion
of any securities which are not Registrable Securities the number of Registrable
Securities requested to be included which in the opinion of such underwriters
can be sold without adversely affecting the marketability of the offering, pro
rata among the respective holders thereof on the basis of the number of shares
of Registrable Securities owned by each such holder.

     (f)  Restrictions on Demand Registrations. The Company will not be
obligated to effect any Demand Registration within six months after the
effective date of a previous registered offering of securities (other than on
Form S-4 or S-8 or any successor or similar form). The Company may postpone for
up to 90 days (from the date of the request) the filing or the effectiveness of
a registration statement for a Demand Registration if and so long as the Company
determines that such Demand Registration would reasonably be expected to have an
adverse effect on any proposal or plan by the Company or any of its Subsidiaries
to engage in any acquisition of assets (other than in the ordinary course of
business) or any merger, consolidation, tender offer, registration or issuance
of securities, or other material transaction; provided, however, that in such
event, the Company will pay all Registration Expenses in connection with such
registration. The Company may not delay a Demand Registration more than two
times in any twelve-month period.

     (g)  Selection of Underwriters. The holders of a majority of the Bain
Registrable Securities included in any Demand Registration will have the right
to select the investment banker(s) and manager(s) to administer the offering.
The lead investment bank and manager shall be a nationally-recognized, New
York-based investment banking firm with substantial expertise in offerings of
the kind contemplated in connection with the Demand Registration (such kind of
investment banking firm being referred to herein as a "Qualified Investment
Bank").

                                        2

<PAGE>

2.   Piggyback Registrations.

     (a)  Right to Piggyback. Whenever the Company proposes to register any of
its securities under the Securities Act (other than in an Initial Public
Offering or pursuant to a Demand Registration or a registration on Form S-4 or
S-8 or any successor or similar forms) and the registration form to be used may
be used for the registration of Registrable Securities (a "Piggyback
Registration"), whether or not for sale for its own account, the Company will
give prompt written notice to all holders of Registrable Securities of its
intention to effect such a registration and, subject to Sections 2(c) and 2(d)
below, will include in such registration all Registrable Securities with respect
to which the Company has received written requests for inclusion therein within
30 days after the receipt of the Company's notice.

     (b)  Piggyback Expenses. The Registration Expenses of the holders of
Registrable Securities will be paid by the Company in all Piggyback
Registrations.

     (c)  Priority on Primary Registrations. If a Piggyback Registration is an
underwritten primary registration on behalf of the Company, and the managing
underwriters advise the Company in writing (with a copy to each party hereto
requesting registration of Registrable Securities) that in their opinion the
number of securities requested to be included in such registration exceeds the
number which can be sold in such offering without adversely affecting the
marketability of such offering, the Company will include in such registration
(i) first, the securities the Company proposes to sell, (ii) second, the
Registrable Securities requested to be included in such registration, pro rata
among the holders of such Registrable Securities on the basis of the number of
shares owned by each such holder, and (iii) third, other securities requested to
be included in such registration.

     (d)  Priority on Secondary Registrations. If a Piggyback Registration is an
underwritten secondary registration on behalf of holders of the Company's
securities, and the managing underwriters advise the Company in writing that in
their opinion the number of securities requested to be included in such
registration exceeds the number which can be sold in such offering without
adversely affecting the marketability of the offering, the Company will include
in such registration (i) first, the securities requested to be included therein
by the holders requesting such registration, (ii) second, Registrable Securities
requested to be included in such registration, pro rata among such holders of
Registrable Securities on the basis of the number of shares owned by each such
holder, and (iii) third, other securities requested to be included in such
registration.

     (e)  Other Registrations. If the Company has previously filed a
registration statement with respect to Registrable Securities pursuant to
Section 1 or pursuant to this Section 2, and if such previous registration has
not been withdrawn or abandoned, the Company will not file or cause to be
effected any other registration of any of its equity securities or securities
convertible or exchangeable into or exercisable for its equity securities under
the Securities Act (except on Form S-4 or S-8 or any successor form), whether on
its own behalf or at the request of any holder or holders of such securities,
until a period of at least six months has elapsed from the effective date of
such previous registration.

                                        3

<PAGE>

3.   Holdback Agreements.

     (a)  To the extent not inconsistent with applicable law, each holder of
Registrable Securities agrees not to effect any public sale or distribution
(including sales pursuant to Rule 144) of equity securities of the Company, or
any securities, options or rights convertible into or exchangeable or
exercisable for such securities, during the seven days prior to and during the
180-day period beginning on the effective date of any underwritten Demand
Registration or any underwritten Piggyback Registration (except as part of such
underwritten registration), unless the underwriters managing the registered
public offering otherwise agree.

     (b)  The Company agrees not to effect any public sale or distribution of
its equity securities, or any securities convertible into or exchangeable or
exercisable for such securities, during the seven days prior to and during the
180-day period beginning on the effective date of any underwritten Demand
Registration or any underwritten Piggyback Registration (except as part of such
underwritten registration or pursuant to registrations on Form S-4 or S-8 or any
successor form), unless the underwriters managing the registered public offering
otherwise agree.

4.   Registration Procedures. Whenever the holders of Registrable Securities
have requested that any Registrable Securities be registered pursuant to this
Agreement, the Company will use its best efforts to effect the registration and
the sale of such Registrable Securities in accordance with the intended method
of disposition thereof and pursuant thereto the Company will as expeditiously as
possible:

     (a)  prepare and (within 60 days after the end of the period within which
requests for inclusion in such registration may be given to the Company) file
with the Securities and Exchange Commission a registration statement with
respect to such Registrable Securities and thereafter use its best efforts to
cause such registration statement to become effective (provided, that before
filing a registration statement or prospectus or any amendments or supplements
thereto, the Company will furnish to the counsel(s) selected by the holders of
the Bain Registrable Securities covered by such registration statement copies of
all such documents proposed to be filed, which documents will be subject to
review of such counsel);

     (b)  prepare and file with the Securities and Exchange Commission such
amendments and supplements to such registration statement and the prospectus
used in connection therewith as may be necessary to keep such registration
statement effective for a period of either (i) not less than six months (subject
to extension pursuant to Section 7(b) below) or, if such registration statement
relates to an underwritten offering, such longer period as in the opinion of
counsel for the underwriters a prospectus is required by law to be delivered in
connection with sales of Registrable Securities by an underwriter or dealer or
(ii) such shorter period as will terminate when all of the securities covered by
such registration statement have been disposed of in accordance with the
intended methods of disposition by the seller or sellers thereof set forth in
such registration statement (but in any event not before the expiration of any
longer period required under the Securities Act), and to comply with the
provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement until such time as all of such
securities have been disposed of in accordance with the intended methods of
disposition by the seller or sellers thereof set forth in such registration
statement;

                                        4

<PAGE>

     (c)  furnish to each seller of Registrable Securities such number of copies
of such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each preliminary
prospectus) and such other documents as such seller may reasonably request in
order to facilitate the disposition of the Registrable Securities owned by such
seller;

     (d)  use its best efforts to register or qualify such Registrable
Securities under such other securities or blue sky laws of such jurisdictions as
any seller reasonably requests and do any and all other acts and things which
may be reasonably necessary or advisable to enable such seller to consummate the
disposition in such jurisdictions of the Registrable Securities owned by such
seller (provided, that the Company will not be required to (i) qualify generally
to do business in any jurisdiction where it would not otherwise be required to
qualify but for this subsection (d), (ii) subject itself to taxation in respect
of doing business in any such jurisdiction or (iii) consent to general service
of process in any such jurisdiction);

     (e)  promptly notify each seller of such Registrable Securities, at any
time when a prospectus relating thereto is required to be delivered under the
Securities Act, upon discovery that, or upon the discovery of the happening of
any event as a result of which, the prospectus included in such registration
statement contains an untrue statement of a material fact or omits any fact
necessary to make the statements therein not misleading in the light of the
circumstances under which they were made, and, at the request of any such
seller, the Company will prepare and furnish to such seller a reasonable number
of copies of a supplement or amendment to such prospectus so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus will
not contain an untrue statement of a material fact or omit to state any fact
necessary to make the statements therein not misleading in the light of the
circumstances under which they were made;

     (f)  cause all such Registrable Securities to be listed on each securities
exchange on which similar securities issued by the Company are then listed and,
if not so listed, to be listed on the NASD automated quotation system and, if
listed on the NASD automated quotation system, use its best efforts to secure
designation of all such Registrable Securities covered by such registration
statement as a NASDAQ "national market system security" within the meaning of
Rule 11Aa2-1 of the Securities and Exchange Commission or, failing that, to
secure NASDAQ authorization for such Registrable Securities and, without
limiting the generality of the foregoing, to arrange for at least two market
makers to register as such with respect to such Registrable Securities with the
NASD;

     (g)  provide a transfer agent and registrar for all such Registrable
Securities not later than the effective date of such registration statement;

     (h)  enter into such customary agreements (including underwriting
agreements in customary form) and take all such other actions as the holders of
a majority of the Bain Registrable Securities included in the registration or
the underwriters, if any, reasonably request in order to expedite or facilitate
the disposition of such Registrable Securities (including, without limitation,
effecting a stock split or a combination of shares); provided, that no holder of
Registrable Securities shall have any indemnification or contribution obligation
inconsistent with Section 6 hereof;

                                        5

<PAGE>

     (i)  make available for inspection by any seller of Registrable Securities,
any underwriter participating in any disposition pursuant to such registration
statement and any attorney, accountant or other agent retained by any such
seller or underwriter, all financial and other records, pertinent corporate
documents and properties of the Company, and cause the Company's officers,
directors, employees and independent accountants to supply all information
reasonably requested by any such seller, underwriter, attorney, accountant or
agent in connection with such registration statement;

     (j)  otherwise use its best efforts to comply with all applicable rules and
regulations of the Securities and Exchange Commission, and make available to its
security holders, as soon as reasonably practicable, but not later than 18
months after the effective date of the registration statement, an earnings
statement covering the period of at least twelve months beginning with the first
day of the Company's first full calendar quarter after the effective date of the
registration statement, which earnings statement shall satisfy the provisions of
Section 11(a) of the Securities Act and Rule 158 thereunder;

     (k)  obtain one or more comfort letters, dated the effective date of such
registration statement (and, if such registration includes an underwritten
public offering, dated the date of the closing under the underwriting
agreement), signed by the Company's independent public accountants in customary
form and covering such matters of the type customarily covered by comfort
letters as the holders of a majority of the Bain Registrable Securities (or if
none, the holders of a majority of the Registrable Securities) being sold
reasonably request;

     (l)  provide a legal opinion of the Company's outside counsel, dated the
effective date of such registration statement (and, if such registration
includes an underwritten public offering, dated the date of the closing under
the underwriting agreement), with respect to the registration statement, each
amendment and supplement thereto, the prospectus included therein (including the
preliminary prospectus) and such other documents relating thereto in customary
form and covering such matters of the type customarily covered by legal opinions
of such nature (in a form reasonably acceptable to the holders of a majority of
the Bain Registrable Securities (or if none, the holders of a majority of the
Registrable Securities) included in the registration);

     (m)  cooperate with the sellers of Registrable Securities covered by the
registration statement and the managing underwriter or agent, if any, to
facilitate the timely preparation and delivery of certificates (not bearing any
restrictive legends) representing securities to be sold under the registration
statement, and enable such securities to be in such denominations and registered
in such names as the managing underwriter or agent, if any, or such holders may
request;

     (n)  notify counsel for the sellers of Registrable Securities included in
such registration statement and the managing underwriter or agent, immediately,
and confirm the notice in writing (i) when the registration statement, or any
post-effective amendment to the registration statement, shall have become
effective, or any supplement to the prospectus or any amended prospectus shall
have been filed, (ii) of the receipt of any comments from the Securities and
Exchange Commission, (iii) of any request of the Securities and Exchange
Commission to amend the registration statement or amend or supplement the
prospectus or for additional information, and (iv) of the issuance by the
Securities and Exchange Commission of any stop

                                        6

<PAGE>

order suspending the effectiveness of the registration statement or of any order
preventing or suspending the use of any preliminary prospectus, or of the
suspension of the qualification of the registration statement for offering or
sale in any jurisdiction, or of the institution or threatening of any
proceedings for any of such purposes;

     (o)  make every reasonable effort to prevent the issuance of any stop order
suspending the effectiveness of the registration statement or of any order
preventing or suspending the use of any preliminary prospectus and, if any such
order is issued, to obtain the withdrawal of any such order at the earliest
possible moment;

     (p)  if requested by the managing underwriter or agent or any holder of
Registrable Securities covered by the registration statement, promptly
incorporate in a prospectus supplement or post-effective amendment such
information as the managing underwriter or agent or such holder reasonably
requests to be included therein, including, without limitation, with respect to
the number of Registrable Securities being sold by such holder to such
underwriter or agent, the purchase price being paid therefor by such underwriter
or agent and with respect to any other terms of the underwritten offering of the
Registrable Securities to be sold in such offering; and make all required
filings of such prospectus supplement or post-effective amendment as soon as
practicable after being notified of the matters incorporated in such prospectus
supplement or post-effective amendment;

     (q)  if requested by the holders of a majority of the Bain Registrable
Securities in connection with any Demand Registration initiated by such holders,
use its best efforts to cause to be included in such registration statement
shares of the Company's common stock having an aggregate value (based on the
midpoint of the proposed offering range specified in the registration statement
used to offer such securities) of up to $50.0 million to be offered in a primary
offering of the Company's securities contemporaneously with such offering of
Registrable Securities; and

     (r)  cooperate with each seller of Registrable Securities and each
underwriter or agent participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required
to be made with the National Association of Securities Dealers, Inc.

The Company may require each seller of Registrable Securities as to which any
registration is being effected to furnish the Company such information relating
to the sale or registration of such Securities regarding such seller and the
distribution of such securities as the Company may from time to time reasonably
request in writing.

5.   Registration Expenses.

     (a)  All expenses incident to the Company's performance of or compliance
with this Agreement, including, without limitation, all registration,
qualification and filing fees, fees and expenses of compliance with securities
or blue sky laws, printing expenses, messenger and delivery expenses, and fees
and disbursements of counsel for the Company and all independent certified
public accountants, underwriters (excluding discounts and commissions) and other
Persons retained by the Company (all such expenses being herein called
"Registration

                                        7

<PAGE>

Expenses"), will be borne as provided in this Agreement, except that the Company
will, in any event, pay its internal expenses (including, without limitation,
all salaries and expenses of its officers and employees performing legal or
accounting duties), the expense of any annual audit or quarterly review, the
expense of any liability insurance and the expenses and fees for listing the
securities to be registered on each securities exchange on which similar
securities issued by the Company are then listed or on the NASD automated
quotation system.

     (b)  In connection with each Demand Registration and each Piggyback
Registration, the Company will reimburse the holders of Registrable Securities
covered by such registration for the reasonable fees and disbursements of one
counsel chosen by the holders of a majority of the Bain Registrable Securities
(or if none, the holders of a majority of the Registrable Securities) included
in such registration.

     (c)  To the extent Registration Expenses are not required to be paid by the
Company, each holder of securities included in any registration hereunder will
pay those Registration Expenses allocable to the registration of such holder's
securities so included, and any Registration Expenses not so allocable will be
borne by all sellers of securities included in such registration in proportion
to the aggregate selling price of the securities to be so registered.

6.   Indemnification.

     (a)  The Company agrees to indemnify and hold harmless, to the fullest
extent permitted by law, each holder of Registrable Securities, its officers,
directors, employees, stockholders and general and limited partners and each
Person who controls such holder (within the meaning of the Securities Act)
against any and all losses, claims, damages, liabilities, joint or several, to
which such holder or any such director or officer or controlling person may
become subject under the Securities Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions or proceedings, whether commenced or
threatened, in respect thereof) arise out of or are based upon (i) any untrue or
alleged untrue statement of material fact contained in any registration
statement, prospectus or preliminary prospectus or any amendment thereof or
supplement thereto, together with any documents incorporated therein by
reference or, (ii) any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein not misleading,
and the Company will reimburse such holder and each such director, officers,
employees, stockholders and general and limited partners and controlling person
for any legal or any other expenses, including any amounts paid in any
settlement effected with the consent of the Company, which consent will not be
unreasonably withheld or delayed, incurred by them in connection with
investigating or defending any such loss, claim, liability, action or
proceeding; provided, however, that the Company shall not be liable in any such
case to the extent that any such loss, claim, damage, liability (or action or
proceeding in respect thereof) or expense arises out of or is based upon an
untrue statement or alleged untrue statement, or omission or alleged omission,
made in such registration statement, any such prospectus or preliminary
prospectus or any amendment or supplement thereto, or in any application, in
reliance upon, and in conformity with, written information prepared and
furnished to the Company by such holder expressly for use therein. In connection
with an underwritten offering, the Company will indemnify such underwriters,
their officers and directors and each Person who controls such underwriters
(within the meaning of the Securities Act) to the same

                                        8

<PAGE>

extent as provided above with respect to the indemnification of the holders of
Registrable Securities.

     (b)  In connection with any registration statement in which a holder of
Registrable Securities is participating, each such holder will furnish to the
Company in writing such information and affidavits as the Company reasonably
requests for use in connection with any such registration statement or
prospectus and, to the extent permitted by law, will indemnify and hold harmless
the Company, its directors, officers, employees, stockholders and general and
limited partners and each other Person who controls the Company (within the
meaning of the Securities Act) against any losses, claims, damages, liabilities,
joint or several, to which such holder or any such director or officer or
controlling person may become subject under the Securities Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions or
proceedings, whether commenced or threatened, in respect thereof) arise out of
or are based upon (i) any untrue or alleged untrue statement of material fact
contained in the registration statement, prospectus or preliminary prospectus or
any amendment thereof or supplement thereto or in any application, together with
any documents incorporated therein by reference or (ii) any omission or alleged
omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading, but only to the extent that such untrue
statement or omission is made in such registration statement, any such
prospectus or preliminary prospectus or any amendment or supplement thereto, or
in any application, in reliance upon and in conformity with written information
prepared and furnished to the Company by such holder expressly for use therein,
and such holder will reimburse the Company and each such director, officer and
controlling Person for any legal or any other expenses including any amounts
paid in any settlement effected with the consent of such holder, which consent
will not be unreasonably withheld or delayed, incurred by them in connection
with investigating or defending any such loss, claim, liability, action or
proceeding; provided, however, that the obligation to indemnify will be
individual (and not joint and several) to each holder and will be limited to the
net amount of proceeds received by such holder from the sale of Registrable
Securities pursuant to such registration statement.

     (c)  Any Person entitled to indemnification hereunder will (i) give prompt
written notice to the indemnifying party of any claim with respect to which it
seeks indemnification (provided, however, that the failure of any indemnified
party to give such notice shall not relieve the indemnifying party of its
obligations hereunder, except to the extent that the indemnifying party is
actually prejudiced by such failure to give such notice), and (ii) unless in
such indemnified party's reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist with respect to such claim,
permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party. If such defense is assumed,
the indemnifying party will not be subject to any liability for any settlement
made by the indemnified party without its consent (but such consent will not be
unreasonably withheld). An indemnifying party who is not entitled to, or elects
not to, assume the defense of a claim will not be obligated to pay the fees and
expenses of more than one counsel for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment
of any indemnified party a conflict of interest may exist between such
indemnified party and any other of such indemnified parties with respect to such
claim.

                                        9

<PAGE>

     (d)  The indemnifying party shall not, except with the approval of each
indemnified party, consent to entry of any judgment or enter into any settlement
which does not include as an unconditional term thereof the giving by the
claimant or plaintiff to each indemnified party of a release from all liability
in respect to such claim or litigation without any payment or consideration
provided by such indemnified party.

     (e)  If the indemnification provided for in this Section 6 is unavailable
to or is insufficient to hold harmless an indemnified party under the provisions
above in respect of any losses, claims, damages or liabilities referred to
therein, then each indemnifying party shall contribute to the amount paid or
payable by such indemnified party as a result of such losses, claims, damages or
liabilities (i) in such proportion as is appropriate to reflect not only the
relative benefits received by the Company on the one hand and the sellers of
Registrable Securities and any other sellers participating in the registration
statement on the other from the sale of Registrable Securities pursuant to the
registered offering of securities as to which indemnity is sought but also the
relative fault of the indemnified party and the indemnifying party as well as
any other relevant equitable considerations or (ii) if the allocation provided
by clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the Company on the one hand and of the
sellers of Registrable Securities and any other sellers participating in the
registration statement on the other in connection with the statement or
omissions which resulted in such losses, claims, damages or liabilities, as well
as any other relevant equitable considerations. The relative benefits received
by the Company on the one hand and the sellers of Registrable Securities and any
other sellers participating in the registration statement on the other shall be
deemed to be in the same proportion as the total net proceeds from the offering
(before deducting expenses) to the Company bear to the total net proceeds from
the offering (before deducting expenses) to the sellers of Registrable
Securities and any other sellers participating in the registration statement.
The relative fault of the Company on the one hand and of the sellers of
Registrable Securities and any other sellers participating in the registration
statement on the other shall be determined by reference to, among other things,
whether the untrue or alleged omission to state a material fact relates to
information supplied by the Company or by the sellers of Registrable Securities
or other sellers participating in the registration statement and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

The Company and the sellers of Registrable Securities agree that it would not be
just and equitable if contribution pursuant to this Section 6 were determined by
pro rata allocation (even if the sellers of Registrable Securities were treated
as one entity for such purpose) or by any other method of allocation which does
not take account of the equitable considerations referred to in the immediately
preceding paragraph. The amount paid or payable by an indemnified party as a
result of the losses, claims, damages and liabilities referred to in the
immediately preceding paragraph shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses reasonably incurred by
such indemnified party in connection with investigating or defending any such
action or claim. Notwithstanding the provisions of this Section 6, no seller of
Registrable Securities shall be required to contribute any amount in excess of
the net proceeds received by such Seller from the sale of Registrable Securities
covered by the registration statement filed pursuant hereto. No person guilty of
fraudulent misrepresentation (within the

                                       10

<PAGE>

meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation.

     (f)  The indemnification and contribution by any such party provided for
under this Agreement shall be in addition to any other rights to indemnification
or contribution which any indemnified party may have pursuant to law or contract
and will remain in full force and effect regardless of any investigation made or
omitted by or on behalf of the indemnified party or any officer, director or
controlling Person of such indemnified party and will survive the transfer of
securities.

7.   Participation in Underwritten Registrations.

     (a)  No Person may participate in any registration hereunder which is
underwritten unless such Person (i) agrees to sell such Person's securities on
the basis provided in any underwriting arrangements approved by the Person or
Persons entitled hereunder to approve such arrangements (including, without
limitation, pursuant to the terms of any over-allotment or "green shoe" option
requested by the managing underwriter(s), provided, that no holder of
Registrable Securities will be required to sell more than the number of
Registrable Securities that such holder has requested the Company to include in
any registration) and (ii) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of such underwriting arrangements.

     (b)  Each Person that is participating in any registration hereunder agrees
that, upon receipt of any notice from the Company of the happening of any event
of the kind described in Section 4(e) above, such Person will forthwith
discontinue the disposition of its Registrable Securities pursuant to the
registration statement until such Person's receipt of the copies of a
supplemented or amended prospectus as contemplated by such Section 4(e). In the
event the Company shall give any such notice, the applicable time period
mentioned in Section 4(b) during which a Registration Statement is to remain
effective shall be extended by the number of days during the period from and
including the date of the giving of such notice pursuant to this Section 7(b) to
and including the date when each seller of a Registrable Security covered by
such registration statement shall have received the copies of the supplemented
or amended prospectus contemplated by Section 4(e).

8.   Current Public Information. At all times after the Company has filed a
registration statement with the Securities and Exchange Commission pursuant to
the requirements of either the Securities Act or the Securities Exchange Act,
the Company will timely file all reports required to be filed by it under the
Securities Act and the Securities Exchange Act and the rules and regulations
adopted by the Securities and Exchange Commission thereunder, and will take such
further action as any holder or holders of Registrable Securities may reasonably
request, all to the extent required to enable such holders to sell Registrable
Securities pursuant to Rule 144 adopted by the Securities and Exchange
Commission under the Securities Act (as such rule may be amended from time to
time) or any similar rule or regulation hereafter adopted by the Securities and
Exchange Commission.

9.   Definitions.

                                       11

<PAGE>

          "Advent" means, collectively, (i) Global Private Equity IV Limited
Partnership, a Delaware limited partnership, (ii) Advent Partners GPE-IV Limited
Partnership, a Delaware limited partnership and (iii) Advent Partners II Limited
Partnership, a Delaware limited partnership.

          "Advent Registrable Securities" means (i) any share of Class A Common
issued to Advent (or its Affiliates) or otherwise acquired, including, without
limitation, upon any recapitalization of Class L Common into Class A Common, and
(ii) any equity securities issued or issuable directly or indirectly with
respect to any of the foregoing securities referred to in clause (i) by way of
stock dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization; provided,
however, that in the event that pursuant to any recapitalization or exchange
Non-Participating Securities are issued, such Non-Participating Securities will
not be Registrable Securities. As to any particular shares constituting Advent
Registrable Securities, such shares will cease to be Advent Registrable
Securities when they have been (x) effectively registered under the Securities
Act and disposed of in accordance with the registration statement covering them,
or (y) sold to the public pursuant to Rule 144 under the Securities Act. For
purposes of this Agreement, a Person will be deemed to be a holder of Advent
Registrable Securities whenever such Person has the right to acquire directly or
indirectly such Advent Registrable Securities (upon conversion or exercise in
connection with a transfer of securities or otherwise, but disregarding any
restrictions or limitations upon the exercise of such right), whether or not
such acquisition has actually been effected.

          "Affiliate" means, with respect to any Person, any other Person
controlling, controlled by or under common control with the Person and, in the
case of a Person which is a partnership, any partner of such Person.

          "Bain Registrable Securities" means (i) any share of Class A Common
issued to the Bain Group (or their Affiliates) or otherwise acquired, including,
without limitation, upon any recapitalization of Class L Common into Class A
Common, and (ii) any equity securities issued or issuable directly or indirectly
with respect to any of the foregoing securities referred to in clause (i) by way
of stock dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization; provided,
however, that in the event that pursuant to any recapitalization or exchange
Non-Participating Securities are issued, such Non-Participating Securities will
not be Registrable Securities. As to any particular shares constituting Bain
Registrable Securities, such shares will cease to be Bain Registrable Securities
when they have been (x) effectively registered under the Securities Act and
disposed of in accordance with the registration statement covering them, or (y)
sold to the public pursuant to Rule 144 under the Securities Act. For purposes
of this Agreement, a Person will be deemed to be a holder of Bain Registrable
Securities whenever such Person has the right to acquire directly or indirectly
such Bain Registrable Securities (upon conversion or exercise in connection with
a transfer of securities or otherwise, but disregarding any restrictions or
limitations upon the exercise of such right), whether or not such acquisition
has actually been effected.

          "Bear Stearns" means, collectively, (i) Bear Stearns Merchant Banking
Partners II, L.P., a Delaware limited partnership, (ii) Bear Stearns Merchant
Banking Investors II, L.P., a Delaware limited partnership, (iii) Bear Stearns
MB-PSERS II, L.P., a Delaware limited

                                       12

<PAGE>

partnership, (iv) The BSC Employee Fund III, L.P., a Delaware limited
partnership, and (v) The BSC Employee Fund IV, L.P., a Delaware limited
partnership.

          "Class A Common" means the Class A Common Stock, par value $0.01 per
share, of the Company.

          "Class L Common" means the Class L Common Stock, par value $0.01 per
share, of the Company.

          "Initial Public Offering" means a public offering and sale of the
Company's common stock pursuant to an effective registration statement under the
Securities Act of 1933, as amended, if immediately thereafter the Company has
publicly held common stock listed on a national securities exchange or the
Nasdaq National Market.

          "Non-Participating Securities" means equity securities which do not
participate in the residual equity of the Company.

          "Other Registrable Securities" means, so long as the Company and such
holder have agreed to cause such holder to become bound by the terms and
provisions of this Agreement, means (i) any share of Class A Common issued to
any Person other than a member of the Bain Group, including, without limitation,
upon any recapitalization of Class L Common into Class A Common, and (ii) any
equity securities issued or issuable directly or indirectly with respect to any
of the foregoing securities referred to in clause (i) by way of stock dividend
or stock split or in connection with a combination of shares, recapitalization,
merger, consolidation or other reorganization; provided, however, that in the
event that pursuant to any recapitalization or exchange Non-Participating
Securities are issued, such Non-Participating Securities will not be Registrable
Securities. As to any particular shares constituting Other Registrable
Securities, such shares will cease to be Other Registrable Securities when they
have been (x) effectively registered under the Securities Act and disposed of in
accordance with the registration statement covering them, or (y) sold to the
public pursuant to Rule 144 under the Securities Act. For purposes of this
Agreement, a Person will be deemed to be a holder of Other Registrable
Securities whenever such Person has the right to acquire directly or indirectly
such Other Registrable Securities (upon conversion or exercise in connection
with a transfer of securities or otherwise, but disregarding any restrictions or
limitations upon the exercise of such right), whether or not such acquisition
has actually been effected.

          "Person" means an individual, a partnership, a joint venture, a
corporation, a limited liability company, a trust, an unincorporated
organization and a government or any department or agency thereof.

          "Registrable Securities" means, collectively, the Bain Registrable
Securities and the Other Registrable Securities.

          "Securities Act" means the Securities Act of 1933, as amended, or any
successor federal law then in force.

          "Securities and Exchange Commission" includes any governmental body or
agency succeeding to the functions thereof.

                                       13

<PAGE>

          "Securities Exchange Act" means the Securities Exchange Act of 1934,
as amended, or any successor federal law then in force.

10.  Miscellaneous.

     (a)  No Inconsistent Agreements; Foreign Registration. The Company will not
hereafter enter into any agreement with respect to its securities which is
inconsistent with or violates the rights granted to the holders of Registrable
Securities in this Agreement. In the event the Company's board of directors (the
"Board") approves a public offering or sale of the common stock of the Company
(or other securities representing, or exercisable for or convertible into,
shares of common stock) pursuant to the securities laws of a country other than
the United States of America, the Board shall have the power to amend this
Agreement in such manner as it shall deem reasonably necessary to ensure that
the provisions of this Agreement will apply in a substantial manner to any
offering or sale under such foreign securities laws.

     (b)  Adjustments Affecting Registrable Securities. The Company will not
take any action, or permit any change to occur, with respect to its securities
which would materially and adversely affect the ability of the holders of
Registrable Securities to include such Registrable Securities in a registration
undertaken pursuant to this Agreement or which would adversely affect the
marketability of such Registrable Securities in any such registration
(including, without limitation, effecting a stock split or a combination of
shares). If the holders of Registrable Securities create a new holding company
("Holdco"), the result of which is that the shareholders of the Company
immediately before such event become all the shareholders of Holdco, then in
each instance the provisions of this Agreement will in addition to the Company
also apply to Holdco in the same manner as if Holdco were substituted for the
Company throughout this Agreement.

     (c)  Remedies. The parties hereto agree and acknowledge that money damages
may not be an adequate remedy for any breach of the provisions of this Agreement
and that, in addition to any other rights and remedies at law or in equity
existing in its favor, any party shall be entitled to specific performance
and/or other injunctive relief from any court of law or equity of competent
jurisdiction (without posting any bond or other security) in order to enforce or
prevent violation of the provisions of this Agreement.

     (d)  Amendment and Waiver. Except as otherwise provided herein, the
provisions of this Agreement may be amended or waived only upon the prior
written consent of the Company and the holders of a majority of the Bain
Registrable Securities (or if none, the holders of a majority of Registrable
Securities); provided, however, that in the event that such amendment or waiver
would treat a holder or group of holders of Registrable Securities in a manner
materially different from, and materially adverse relative to, the holders of
Registrable Securities voting in favor of such amendment, then such amendment or
waiver will require the consent of such holder or the holders of a majority of
the Registrable Securities of such group adversely treated; provided, further,
that the provisions of Section 1(e), 2(c), 2(d) or 3 hereof shall not be amended
without the prior written consent of the holders of a majority of the Advent
Registrable Securities. The failure of any party to enforce any of the
provisions of this Agreement shall in no way be construed as a waiver of such
provisions and shall not affect the right of such party thereafter to enforce
each and every provision of this Agreement in accordance with its terms.

                                       14

<PAGE>

     (e)  Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of and be enforceable by the parties hereto and their respective
successors and assigns. In addition, and whether or not any express assignment
shall have been made, the provisions of this Agreement which are for the benefit
of the holders of Registrable Securities (or any portion thereof) as such shall
be for the benefit of and enforceable by any subsequent holder of any
Registrable Securities (or of such portion thereof), subject to the provisions
respecting the minimum numbers or percentages of shares of Registrable
Securities (or of such portion thereof) required in order to be entitled to
certain rights, or take certain actions, contained herein.

     (f)  Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or the effectiveness or validity of any provision in any
other jurisdiction, and this Agreement shall be reformed, construed and enforced
in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein.

     (g)  Counterparts. This Agreement may be executed in separate counterparts
each of which shall be an original and all of which taken together shall
constitute one and the same Agreement.

     (h)  Descriptive Headings. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

     (i)  Notices. All notices, demands and other communications to be given or
delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given when personally delivered, sent
by telecopy (with receipt confirmed) on a Business Day during regular business
hours of the recipient (or, if not, on the next succeeding Business Day) or two
Business Days after sent by reputable overnight express courier (charges
prepaid). Such notices, demands and other communications shall be sent to the
following Persons at the following addresses:

               If to the Company, to:
               ---------------------

               Keystone Automotive Holdings, Inc.
               c/o Bain Capital NY, LLC
               745 Fifth Avenue
               New York, NY  10151
               Attn:  Stephen M. Zide

               with a copy (which shall not constitute notice to the Company),
               ---------------------------------------------------------------
               to:
               --

               Kirkland & Ellis LLP
               Citigroup Center
               153 East 53rd Street
               New York, NY 10022-4611
               Telecopy: (212) 446-4900
               Attn:  Eunu Chun

                                       15

<PAGE>

               If to the Bain Group, to:
               ------------------------

               Bain Capital NY, LLC
               745 Fifth Avenue
               New York, NY  10151
               Telecopy: (212) 326-9420
               Attn:  Stephen M. Zide

               with a copy (which shall not constitute notice to the Bain
               ----------------------------------------------------------
               Group), to:
               ----------

               Kirkland & Ellis LLP
               Citigroup Center
               153 East 53rd Street
               New York, NY 10022-4611
               Telecopy: (212) 446-4900
               Attn:  Eunu Chun

               If to Advent, to:
               ----------------

               c/o Advent International Corporation
               75 State Street
               Boston, MA 02109
               Telecopy: 617-946-2907
               Attn:  Robert E. Taylor, Jr.

               with a copy (which shall not constitute notice to Advent), to:
               -------------------------------------------------------------

               Pepper Hamilton LLP
               3000 Two Logan Square
               18/th/ & Arch Streets
               Philadelphia, PA  19103-2799
               Telecopy: (215) 981-4735
               Attn:  James D. Epstein

               If to Bear Stearns, to:
               ----------------------

               c/o Bear Stearns & Co. Inc.
               383 Madison Avenue, 40/th/ Floor
               New York, NY 10179
               Telecopy: (212) 272-7425
               Attn:  John D. Howard

               with a copy (which shall not constitute notice to Bear Stearns),
               ----------------------------------------------------------------
               to:
               --

               Kirkland & Ellis LLP
               Citigroup Center
               153 East 53rd Street
               New York, NY 10022-4611
               Telecopy: (212) 446-4900
               Attn:  Michael T. Edsall

                                       16

<PAGE>

               If to any other Person party to this Agreement, to:
               ---------------------------------------------------

               the address for such Person shown in the books and records of the
Company;

or to such other Person as the recipient party has specified by prior written
notice to the sending party.

     (j)  Delivery by Facsimile. This Agreement and any signed agreement or
instrument entered into in connection thereto or contemplated thereby, and any
amendments hereto or thereto, to the extent signed and delivered by means of a
facsimile machine, shall be treated in all manner and respects as an original
agreement or instrument and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person. At
the request of any party hereto or to any such agreement or instrument, each
other party hereto or thereto shall re-execute original forms thereof and
deliver them to all other parties. No party hereto or to any such agreement or
instrument shall raise the use of a facsimile machine to deliver a signature or
the fact that any signature or agreement or instrument was transmitted or
communicated through the use of a facsimile machine as a defense to the
formation of a contract and each such party forever waives any such defense.

     (k)  Governing Law. THE CORPORATE LAW OF DELAWARE WILL GOVERN ALL ISSUES
CONCERNING THE RELATIVE RIGHTS OF THE COMPANY AND ITS STOCKHOLDERS. ALL OTHER
ISSUES CONCERNING THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY
CHOICE OF LAW OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF NEW
YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAW OF
ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK.

                                    * * * * *

                                       17

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Registration
Rights Agreement on the day and year first above written.

                                        KEYSTONE AUTOMOTIVE HOLDINGS, INC.

                                        By:  /s/ Robert S. Vor Broker
                                             -----------------------------------
                                             Name: Robert S. Vor Broker
                                             Title: President

<PAGE>

             [Bain Signature Page to Registration Rights Agreement]

                                 BAIN CAPITAL FUND VII, LLC

                                 By:  Brain Capital Fund VII, L.P.
                                 Its: Sole Member

                                 By:  Brain Capital Partners VII, L.P.
                                 Its: General Partner

                                 By:  Brain Capital Investors, LLC
                                 Its: General Partner

                                 By:  /s/ Stephen M. Zide
                                      -------------------------------
                                      Name:  Stephen M. Zide
                                      Title: Managing Director

                                 BAIN CAPITAL VII COINVESTMENT FUND, LLC

                                 By:  Brain Capital VII Coinvestment Fund, L.P.
                                 Its: Sole Member

                                 By:  Brain Capital Partners VII, L.P.
                                 Its: General Partner

                                 By:  Brain Capital Investors, LLC
                                 Its: General Partner

                                 By:  /s/ Stephen M. Zide
                                      -------------------------------
                                      Name:  Stephen M. Zide
                                      Title: Managing Director

                                 BCIP ASSOCIATES III, LLC

                                 By:  BCIP Associates III
                                 Its: Manager

                                 By:  Bain Capital Investors, LLC
                                 Its: Managing Partner

                                 By:  /s/ Stephen M. Zide
                                      -------------------------------
                                      Name: Stephen M. Zide
                                      Title: Managing Director

<PAGE>

        [Bain Signature Page to Registration Rights Agreement Continued]

                                        BCIP T ASSOCIATES III, LLC

                                        By:  BCIP Trust Associates III
                                        Its: Manager

                                        By:  Bain Capital Investors, LLC
                                        Its: Managing Partner

                                        By:  /s/ Stephen M. Zide
                                             -----------------------------
                                             Name:  Stephen M. Zide
                                             Title: Managing Director

                                        BCIP ASSOCIATES III-B, LLC

                                        By:  BCIP Associates III-B
                                        Its: Manager

                                        By:  Bain Capital Investors, LLC
                                        Its: Managing Partner

                                        By:  /s/ Stephen M. Zide
                                             -----------------------------
                                             Name:  Stephen M. Zide
                                             Title: Managing Director

                                        BCIP T ASSOCIATES III-B, LLC

                                        By:  BCIP Trust Associates III-B
                                        Its: Manager

                                        By:  Bain Capital Investors, LLC
                                        Its: Managing Partner

                                        By:  /s/ Stephen M. Zide
                                             -----------------------------
                                             Name:  Stephen M. Zide
                                             Title: Managing Director

<PAGE>

            [Advent Signature Page to Registration Rights Agreement]

                                        GLOBAL PRIVATE EQUITY IV LIMITED
                                        PARTNERSHIP

                                        By:  Advent International Limited
                                             Partnership
                                        Its: General Partner

                                        By:  Advent International Corporation
                                        Its: General Partner

                                        By:  /s/ Robert E.Taylor,Jr.
                                             -----------------------------------
                                             Name:  Robert E. Taylor, Jr.
                                             Title: Vice President

                                        ADVENT PARTNERS II LIMITED PARTNERSHIP

                                        By:  Advent International Corporation
                                        Its: General Partner

                                        By:  /s/ Robert E.Taylor,Jr.
                                             -----------------------------------
                                             Name:  Robert E. Taylor, Jr.
                                             Title: Vice President

                                        ADVENT PARTNERS GPE-IV LIMITED
                                        PARTNERSHIP

                                        By:  Advent International Corporation
                                        Its: General Partner

                                        By:  /s/ Robert E.Taylor,Jr.
                                             -----------------------------------
                                             Name:  Robert E. Taylor, Jr.
                                             Title: Vice President

<PAGE>

         [Bear Stearns Signature Page to Registration Rights Agreement]

                                        BEAR STEARNS MERCHANT BANKING
                                        PARTNERS II, L.P.

                                        By:  Bear Stearns Merchant Capital II,
                                        L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

                                        BEAR STEARNS MERCHANT BANKING
                                        INVESTORS II, L.P.

                                        By:  Bear Stearns Merchant Capital II,
                                        L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

                                        BEAR STEARNS MB-PSERS II, L.P.

                                        By:  Bear Stearns Merchant Capital II,
                                        L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

<PAGE>

    [Bear Stearns Signature Page to Registration Rights Agreement Continued]

                                        THE BSC EMPLOYEE FUND III, L.P.

                                        By:  Bear Stearns Merchant Capital II,
                                        L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:  /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

                                        THE BSC EMPLOYEE FUND IV, L.P.

                                        By:  Bear Stearns Merchant Capital II,
                                        L.P.
                                        Its: General Partner

                                        By:  JDH Management LLC
                                        Its: Special Limited Partner

                                        By:   /s/ John D. Howard
                                             -----------------------------------
                                             Name:  John D. Howard
                                             Title: Senior Managing Director

<PAGE>

        [Randolph Street Signature Page to Registration Rights Agreement]

                                        RANDOLPH STREET PARTNERS VI

                                        By:  /s/ Eunu Chun
                                             -----------------------------------
                                             Name:  Eunu Chun
                                             Title: Managing Partner

<PAGE>

    [Individual Shareholders Signature Page to Registration Rights Agreement]

                                        /s/ Richard Pointkowski
                                        ----------------------------------------
                                        RICHARD POINTKOWSKI

                                        /s/ Bryant P. Bynum
                                        ----------------------------------------
                                        BRYANT P. BYNUM

                                        /s/ Philip Avvisato
                                        ----------------------------------------
                                        PHILIP AVVISATO

                                        /s/ Anthony Fordiani
                                        ----------------------------------------
                                        ANTHONY FORDIANI

                                        /s/ Patrick Judge, Sr.
                                        ----------------------------------------
                                        PATRICK JUDGE, SR.

                                        /s/ Richard Kovalick
                                        ----------------------------------------
                                        RICHARD KOVALICK

                                        /s/ Lawrence Montante
                                        ----------------------------------------
                                        LAWRENCE MONTANTE

                                        /s/ James Ruby
                                        ----------------------------------------
                                        JAMES RUBY

                                        /s/ Robert S. Vor Broker
                                        ----------------------------------------
                                        ROBERT S. VOR BROKER

<PAGE>

                                   SCHEDULE I
                                   ----------

Bain Capital Fund VII, LLC

Bain Capital VII Coinvestment Fund, LLC

BCIP Associates III, LLC

BCIP T Associates III, LLC

BCIP Associates III-B, LLC

BCIP T Associates III-B, LLC

<PAGE>

                                   EXHIBIT A
                                   ---------

                               FORM OF JOINDER TO
                          REGISTRATION RIGHTS AGREEMENT
                          -----------------------------

     THIS JOINDER (this "Joinder") to the Registration Rights Agreement (the
"Agreement"), dated as of October [_], 2003, by and among Keystone Automotive
Holdings, Inc., a Delaware corporation (the "Company"), and the Stockholders is
made and entered into as of [_________] by and between the Company and
[_________________] ("Holder"). Capitalized terms used herein but not otherwise
defined shall have the meanings set forth in the Agreement.

     WHEREAS, (i) Holder has acquired certain shares of the Company's capital
stock, (ii) the Company desires to grant to Holder certain registration rights
in accordance with the terms of the Agreement and each of the Stockholders
consents to the granting of such registration rights, and (iii) it is a
condition to the transfer or issuance to the Holder that Holder agrees to be
bound by the terms of the Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties to this Joinder hereby agree as follows:

1.   Agreement to be Bound. Holder hereby agrees that upon execution of this
     Joinder, Holder shall become a party to the Agreement and shall be fully
     bound by, and subject to, all of the covenants, terms and conditions of the
     Agreement as though an original party thereto and shall be deemed a
     [Stockholder] for all purposes thereof. In addition, Holder hereby agrees
     that all shares of Class A Common Stock issued to or acquired by Holder,
     including, without limitation, upon any recapitalization of Class L Common
     into Class A Common (and any equity securities issued or issuable directly
     or indirectly with respect to any of the foregoing securities by way of
     stock dividend or stock split or in connection with a combination of
     shares, recapitalization, merger consolidation or other reorganization)
     shall be deemed [Other] Registrable Securities for all purposes of the
     Agreement. [This Section 1 to be changed as appropriate if Holder will be a
     member of the Bain Group.]

2.   Successors and Assigns. Except as otherwise provided herein, this Joinder
     shall bind and inure to the benefit of and be enforceable by the Company
     and its successors and assigns and Holder and any subsequent holders of
     Registrable Securities held by Holder and the respective successors and
     assigns of each of them, so long as they hold such Registrable Securities.

3.   Counterparts. This Joinder may be executed in separate counterparts each of
     which shall be an original and all of which taken together shall constitute
     one and the same agreement.

4.   Governing Law. THE CORPORATE LAW OF THE STATE OF DELAWARE WILL GOVERN ALL
     ISSUES CONCERNING THE RELATIVE RIGHTS OF THE

                                        1

<PAGE>

     COMPANY AND ITS STOCKHOLDERS. ALL OTHER ISSUES CONCERNING THIS AGREEMENT
     SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
     OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW
     PROVISION OR RULE (WHETHER OF THE STATE OF NEW YORK OR ANY OTHER
     JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAW OF ANY
     JURISDICTION OTHER THAN THE STATE OF NEW YORK.

5.   Waiver of Jury Trial. The Company and the Holder hereby waive, to the
     extent permitted by applicable law, trial by jury in any litigation in any
     court with respect to, in connection with, or arising out of this Agreement
     or the validity, protection, interpretation or enforcement thereof. The
     Company and the Holder agree that this Section 5 is a specific and material
     aspect of this Agreement and would not enter into this Agreement if this
     section were not part of this Agreement.

6.   Descriptive Headings. The descriptive headings of this Joinder are inserted
     for convenience only and do not constitute a part of this Joinder.

                                    * * * * *

                                        2

<PAGE>

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

                                        KEYSTONE AUTOMOTIVE HOLDINGS, INC.

                                        By:
                                             -----------------------------------
                                             Name:
                                             Title:

                                        ----------------------------------------
                                        [HOLDER]

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