Document:

Herbert J. Zarkin

                      CHANGE OF CONTROL SEVERANCE AGREEMENT

         THIS AGREEMENT  between  HomeBase,  Inc., a Delaware  corporation  (the
"Company"),  and Herbert J. Zarkin ("Executive"),  dated as of May 31, 2000 (the
"Effective Date").

         Executive  is a key  executive  of the Company or a  Subsidiary  and an
integral part of its management.

         The Company  recognizes  that the possibility of a change of control of
the Company may result in the  departure or  distraction  of  management  to the
detriment of the Company and its shareholders.

         The  Company  wishes  to  assure  Executive  of fair  severance  should
Executive's employment terminate in specified  circumstances  following a change
of control of the Company and to assure Executive of certain other benefits upon
a change of control.

         In consideration of Executive's  continued  employment with the Company
or a Subsidiary and other good and valuable consideration,  the parties agree as
follows:

         1.  Benefits Upon Change of Control.

         1.1 In General.  Within 30 days following a Change of Control,  whether
or not  Executive's  employment  has been  terminated,  the Company shall pay to
Executive the following in a lump sum:

                  (a) an amount equal to the "Target  Bonus" under the Company's
         Management  Incentive Plan or any other annual  incentive plan which is
         applicable  to  Executive  for the  fiscal  year in which the Change of
         Control  occurs  (or if the  Target  Bonus is  reduced  within 180 days
         before the  commencement  of a Standstill  Period,  the "Target  Bonus"
         applicable  to  Executive  for the fiscal year in which such  reduction
         occurred); and

                  (b)  if  Executive  is a  participant  in a  performance-based
         long-range  incentive plan at the Change of Control,  such amount as is
         required to be paid to Executive  upon a Change of Control  pursuant to
         the provisions of such plan.

         1.2 Benefits Following Qualified  Termination of Employment.  Executive
shall be entitled to the following benefits upon a Qualified Termination:

                  (a)  Within 30 days  following  the Date of  Termination,  the
Company shall pay to Executive the following in a lump sum:

                           (i) an amount equal to three times  Executive's  Base
                           Salary for one year at the rate in effect immediately
                           prior to the Date of  Termination  or the  Change  of
                           Control  (or if  Executive's  Base Salary was reduced
                           within  180  days  before  the   commencement   of  a
                           Standstill  Period,  the rate in  effect  immediately
                           prior to such reduction), plus the accrued and unpaid
                           portion of  Executive's  Base Salary through the Date
                           of Termination.  Any payments made to Executive under
                           any long term  disability  plan of the  Company  with
                           respect to the three years  following  termination of
                           employment  shall be offset  against such three times
                           Base Salary  payment.  Executive  shall promptly make
                           reimbursement  payments  to the Company to the extent
                           any such  disability  payments are received after the
                           Base Salary payment; and

                           (ii) an  amount  equal  to  three  times  Executive's
                           automobile  allowance  for one  year  at the  rate in
                           effect  immediately  prior to the Date of Termination
                           or the  Change  of  Control,  (or if such  automobile
                           allowance  was  reduced  within  180 days  before the
                           commencement  of a  Standstill  Period,  the  rate in
                           effect  immediately  prior to such  reduction  unless
                           such  reduction  was  offset by an  increase  in Base
                           Salary during such 180-day period),  plus any portion
                           of  Executive's   automobile  allowance  payable  but
                           unpaid through the Date of Termination; and

                           (iii) an amount equal to the Target Bonus amount,  as
                           defined and determined under Section 1.1(a) above.

         (b)(i)  Until the day 36  months  after  the Date of  Termination,  the
Company  shall  maintain in full force and effect for the  continued  benefit of
Executive and Executive's family all life insurance and medical insurance (other
than long-term disability) plans and programs in which Executive was entitled to
participate  immediately prior to the Change of Control (or if Executive's title
was changed to a level below that of  Executive's  Current Title within 180 days
before the commencement of a Standstill  Period,  all such plans and programs in
which Executive was entitled to participate immediately prior to such change, if
the benefits  thereunder  are  greater),  provided  that  Executive's  continued
participation  is possible  under the general terms and provisions of such plans
and programs.  In the event that  participation in such plans or programs is not
available to Executive for any reason,  including  termination  of the plan, the
Company shall arrange upon comparable  terms to provide  Executive with benefits
substantially similar to those which Executive is entitled to receive under such
plans and programs.  Notwithstanding  the foregoing,  the Company's  obligations
hereunder with respect to life insurance or medical insurance plans and programs
shall be deemed  satisfied  to the extent  (but only to the  extent) of any such
insurance coverage or benefits provided by another employer.

         (b)(ii) If Qualified  Termination  occurs by reason of Disability,  the
Company  shall  maintain in full force and effect for the  continued  benefit of
Executive,  disability benefits and/or disability insurance at the same level to
which Executive was entitled immediately prior to the Qualified Termination.

         1.3  Coordination  With Certain Tax Rules.  Payments under Sections 1.1
and 1.2  shall be made  without  regard to  whether  the  deductibility  of such
payments  (or any other  payments to or for the benefit of  Executive)  would be
limited or precluded by Internal Revenue Code Section 280G and without regard to
whether such payments (or any other  payments)  would  subject  Executive to the
federal excise tax levied on certain "excess parachute  payments" under Internal
Revenue Code Section 4999; provided, that if the total of all payments to or for
the benefit of  Executive(including  acceleration  of vesting of benefits  under
existing  plans),  after  reduction  for all federal  taxes  (including  the tax
described in Internal  Revenue Code Section 4999, if applicable) with respect to
such payments  ("Executive's total after-tax  payments"),  would be increased by
the limitation or elimination of any payment under Sections 1.1 or 1.2,  amounts
payable under  Sections 1.1 and 1.2 shall be reduced to the extent,  and only to
the extent,  necessary to maximize  Executive's  total after-tax  payments.  The
determination  as to whether and to what extent  payments  under Sections 1.1 or
1.2 are required to be reduced in accordance  with the preceding  sentence shall
be made at the Company's expense by PricewaterhouseCoopers  LLP or by such other
certified public accounting firm as the Executive  Compensation Committee of the
Company's Board of Directors may designate prior to a Change of Control.  In the
event  of  any  underpayment  or  overpayment  under  Sections  1.1 or  1.2,  as
determined  by  PricewaterhouseCoopers  LLP (or such other firm as may have been
designated  in  accordance  with the  preceding  sentence),  the  amount of such
underpayment or overpayment  shall forthwith be paid to Executive or refunded to
the Company,  as the case may be, with interest at the  applicable  Federal rate
provided for in Section 7872(f)(2) of the Internal Revenue Code.

         2. Noncompetition;  No Mitigation of Damages; Other Severance Payments;
Withholding.

         2.1  Noncompetition.  Upon a Qualified  Termination,  any  agreement by
Executive  not to engage  in  competition  with the  Company  subsequent  to the
termination  of  Executive's  employment,  whether  contained  in an  employment
contract or other agreement, shall no longer be effective.

         2.2 No  Duty to  Mitigate  Damages.  Executive's  benefits  under  this
Agreement shall be considered severance pay in consideration of Executive's past
service and Executive's  continued service from the date of this Agreement,  and
Executive's  entitlement  thereto  shall  neither  be  governed  by any  duty to
mitigate  Executive's  damages by seeking  further  employment nor offset by any
compensation which Executive may receive from future employment.

         2.3 Other  Severance  Payments.  In the  event  that  Executive  has an
employment  contract or any other  agreement  with the Company (or a Subsidiary)
which  entitles   Executive  to  severance  payments  upon  the  termination  of
Executive's  employment  with the  Company,  the  amount  of any such  severance
payments shall be deducted from the payments to be made under this Agreement.

         2.4 Withholding. Anything to the contrary notwithstanding, all payments
required to be made by the Company  hereunder to  Executive  shall be subject to
the  withholding  of such  amounts,  if any,  relating to tax and other  payroll
deductions as the Company may reasonably  determine it should withhold  pursuant
to any applicable law or regulation.

         3. Arbitration.  Any controversy or claim arising out of or relating to
this  Agreement,  or  the  breach  thereof,  shall  be  settled  exclusively  by
arbitration  in  Boston,   Massachusetts   in  accordance  with  the  Commercial
Arbitration Rules of the American  Arbitration  Association then in effect,  and
judgment  upon the award  rendered  by the  arbitrator(s)  may be entered in any
court having jurisdiction thereof.

         4. Legal Fees and  Expenses.  The Company  shall pay all legal fees and
expenses, including but not limited to counsel fees, stenographer fees, printing
costs, etc. reasonably incurred by Executive in contesting or disputing that the
termination of Executive's employment during a Standstill Period is for Cause or
other than for good  reason (as  defined  in  paragraph  (j) of Exhibit A) or in
obtaining  any right or  benefit  to which  Executive  is  entitled  under  this
Agreement.  Any amount  payable under this  Agreement  that is not paid when due
shall accrue  interest at the prime rate as from time to time in effect at Wells
Fargo Bank, N.A., or its successors or assigns, until paid in full.

         5.  Notice of  Termination.  During a  Standstill  Period,  Executive's
employment may be terminated by the Company (or a Subsidiary) only upon 30 days'
written notice to Executive.

         6.  Notices.  All notices shall be in writing and shall be deemed given
five days after  mailing  in the  continental  United  States by  registered  or
certified  mail, or upon personal  receipt after  delivery,  telex,  telecopy or
telegram,  to the party entitled  thereto at the address stated below or to such
changed address as the addressee may have given by a similar notice:

         To the Company:   HomeBase, Inc.
                                            3345 Michelson Drive
                                            Irvine, CA 92612
                           Attention: General Counsel

         To Executive:                      At Executive's home address, as last
                                            shown on the records of the Company

         7.  Severability.  In the event that any  provision  of this  Agreement
shall be  determined to be invalid or  unenforceable,  such  provision  shall be
enforceable in any other  jurisdiction in which valid and enforceable and in any
event the  remaining  provisions  shall  remain in full  force and effect to the
fullest extent permitted by law.

         8.  General Provisions.

         8.1 Binding  Agreement.  This Agreement shall be binding upon and inure
to the benefit of the  parties and be  enforceable  by  Executive's  personal or
legal  representatives or successors.  If Executive dies while any amounts would
still be payable to  Executive  hereunder,  benefits  would still be provided to
Executive's  family  hereunder or rights would still be exercisable by Executive
hereunder if Executive  had  continued  to live,  such amounts  shall be paid to
Executive's  estate,  such benefits shall be provided to Executive's  family and
such rights shall remain  exercisable by Executive's  estate in accordance  with
the terms of this Agreement. This Agreement shall not otherwise be assignable by
Executive.

         8.2  Successors.  This Agreement shall inure to and be binding upon the
Company's successors, including any successor to all or substantially all of the
Company's  business and/or assets. The Company will require any successor to all
or  substantially  all of the  business  and/or  assets of the  Company by sale,
merger (where the Company is not the surviving corporation), lease or otherwise,
by  agreement  in form  and  substance  satisfactory  to  Executive,  to  assume
expressly this  Agreement.  If the Company shall not obtain such agreement prior
to the effective date of any such  succession,  Executive  shall have all rights
resulting from termination by Executive for good reason (as defined in paragraph
(j) of Exhibit A) under this  Agreement.  This Agreement  shall not otherwise be
assignable by the Company.

         8.3  Amendment  or  Modification;  Waiver.  This  Agreement  may not be
amended  unless agreed to in writing by Executive and the Company.  No waiver by
either  party of any  breach  of this  Agreement  shall be  deemed a waiver of a
subsequent breach.

         8.4  Titles.  No provision of this Agreement is to be construed by
reference to the title of any section.

         8.5 Continued  Employment.  This Agreement shall not give Executive any
right of continued  employment or any right to compensation or benefits from the
Company or any Subsidiary except the right specifically stated herein to certain
severance  and  other  benefits,  and  shall  not  limit  the  Company's  (or  a
Subsidiary's)  right  to  change  the  terms  of  or  to  terminate  Executive's
employment,  with or without  Cause,  at any time other than during a Standstill
Period,  except as may be otherwise provided in a written  employment  agreement
between the Company (or a Subsidiary) and Executive.

         8.6  Termination  of  Agreement  Outside  of  Standstill  Period.  This
Agreement shall be  automatically  terminated upon the first to occur of (i) the
date  five  (5)  years  after  the  Effective  Date of this  Agreement  unless a
Standstill  Period is in effect on such  date,  in which  case such  termination
shall  occur  upon  the  expiration  of  such  Standstill  Period  or  (ii)  the
termination  of  Executive's  employment  for any reason,  whether  voluntary or
involuntary,  at any time other  than  during a  Standstill  Period or (iii) the
180th  day  after  a  change  in  Executive's  title  to a level  below  that of
Executive's  Current Title unless a Standstill  Period was in effect on the date
of such change or within 180 days thereafter or (iv) if Executive is employed by
a Subsidiary of the Company,  the date on which the Subsidiary  either ceases to
be a  Subsidiary  of the  Company  or  sells  or  otherwise  disposes  of all or
substantially  all of its assets,  unless such event occurs  during a Standstill
Period and  Executive's  employment  shall have been  terminated  in a Qualified
Termination within 90 days of such event.

         8.7 Prior  Agreement.  This  Agreement  amends and  restates  and shall
supersede and replace any prior change of control  severance  agreement  between
the Company or any of its subsidiaries, or any predecessor, and Executive.

         8.8 Definitions.  The terms defined in Exhibits A and B hereto are used
herein as so defined.

         8.9  Governing  Law.  The  validity,  interpretation,  performance  and
enforcement  of this  Agreement  shall be  governed  by the laws of the State of
California.

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

                                                  HOMEBASE, INC.

                                                  By__/s/John L. Price__________

                                                  Executive:

                                                  ____/s/Herbert J. Zarkin______

<PAGE>

                                    EXHIBIT A

                                   Definitions

             The  following  terms  as used in this  Agreement  shall  have  the
following meanings:

             (a) "Base  Salary"  shall  mean  Executive's  annual  base  salary,
    exclusive of any bonus or other benefits Executive may receive.

             (b) "Cause" shall mean  dishonesty,  conviction of a felony,  gross
    neglect  of duties  (other  than as a result of  Incapacity,  Disability  or
    death),  or conflict of interest  which  conflict shall continue for 30 days
    after the Company gives written notice to Executive requesting the cessation
    of such conflict.

             In respect of any termination during a Standstill Period, Executive
    shall not be deemed to have  been  terminated  for Cause  until the later to
    occur of (i) the 30th day after notice of  termination is given and (ii) the
    delivery  to  Executive  of a  copy  of a  resolution  duly  adopted  by the
    affirmative vote of not less than a majority of the Company's directors at a
    meeting  called  and held for  that  purpose  (after  reasonable  notice  to
    Executive),  and at which  Executive  together with his counsel was given an
    opportunity  to be heard,  finding  that  Executive  was  guilty of  conduct
    described in the definition of "Cause" above, and specifying the particulars
    thereof in detail; provided, however, that the Company may suspend Executive
    and withhold payment of Executive's Base Salary from the date that notice of
    termination  is given  until the  earliest  to occur of (a)  termination  of
    Executive for Cause effected in accordance with the foregoing procedures (in
    which case Executive  shall not be entitled to  Executive's  Base Salary for
    such period),  (b) a determination by a majority of the Company's  directors
    that Executive was not guilty of the conduct  described in the definition of
    "Cause" above (in which case  Executive  shall be reinstated and paid any of
    Executive's  previously unpaid Base Salary for such period), or (c) the 90th
    day after notice of termination  is given (in which case Executive  shall be
    reinstated  and paid any of  Executive's  previously  unpaid Base Salary for
    such period).
             (c) "Change of Control" shall have the meaning set forth in Exhibit
    B.

             (d) "Company" shall mean HomeBase, Inc. or any successor.

             (e) "Current  Title" shall mean  Executive's  title on the date 180
    days prior to the commencement of a Standstill Period.

             (f) "Date of Termination"  shall mean the date on which Executive's
    employment is terminated.

             (g)  "Disability"  shall have the meaning given it in the Company's
    long-term  disability  plan.  Executive's  employment  shall be deemed to be
    terminated  for  Disability  on the date on which  Executive  is entitled to
    receive  long-term  disability   compensation  pursuant  to  such  long-term
    disability plan.

             (h) "Executive" shall have the meaning set forth in the first
    paragraph of this Agreement.

             (i)  "Incapacity"  shall mean a disability  (other than  Disability
    within  the  meaning  of the  immediately  preceding  definition)  or  other
    impairment of health that renders  Executive  unable to perform  Executive's
    duties  to the  reasonable  satisfaction  of the Board of  Directors  of the
    Company.  If  by  reason  of  Incapacity  Executive  is  unable  to  perform
    Executive's  duties for at least six  months in any  12-month  period,  upon
    written notice by the Company the employment of Executive shall be deemed to
    have terminated by reason of Incapacity.

             (j)  "Qualified   Termination"   shall  mean  the   termination  of
    Executive's  employment  during a Standstill Period (1) by the Company other
    than for Cause,  or (2) by Executive  for good  reason,  or (3) by reason of
    death, Incapacity or Disability.

             For  purposes of this  definition,  termination  for "good  reason"
    shall mean the voluntary termination by Executive of Executive's  employment
    (A) within 120 days after the occurrence without Executive's express written
    consent of any of the events  described in clauses (I), (II),  (III),  (IV),
    (V) or (VI) below,  provided that  Executive  gives notice to the Company at
    least 30 days in advance  requesting  that the situation  described in those
    clauses be remedied, and the situation remains unremedied upon expiration of
    such  30-day  period;  (B)  within  120 days  after the  occurrence  without
    Executive's  express  written  consent (which must  expressly  refer to such
    consent as being  given under this  Agreement)  of the events  described  in
    clauses (VII) or (VIII) below,  provided that Executive  gives notice to the
    Company at least 30 days in advance;  or (C) upon  occurrence  of the events
    described in clause(IX)  below,  provided that Executive gives notice to the
    Company at least 30 days in advance:

             (I)      the assignment to Executive of any duties inconsistent
                      with Executive's positions, duties,  responsibilities,
                      reporting requirements,  and status with the Company
                      (or a  Subsidiary)  immediately  prior to a Change of
                      Control,  or a substantive change in  Executive's  titles
                      or  offices as in effect immediately  prior to a Change of
                      Control, or any removal of  Executive  from or any failure
                      to reelect Executive to such positions, except in
                      connection  with the  termination  of Executive's
                      employment  by  the  Company  (or a Subsidiary) for  Cause
                      or by Executive  other than for good reason;  or any other
                      action by the Company (or a Subsidiary) which results in a
                      diminishment in such position,  authority, duties or
                      responsibilities, other than an insubstantial and
                      inadvertent action which is remedied  by the  Company or
                      the  Subsidiary  promptly  after receipt of notice thereof
                      given by Executive; or

            (II)      if Executive's rate of Base Salary for any fiscal year is
                      less than 100 percent of the rate of Base Salary paid to
                      Executive in the completed fiscal year immediately
                      preceding the Change of Control, or if Executive's total
                      cash compensation opportunities, including salary,
                      incentives and automobile allowance, for any fiscal year
                      are less than 100 percent of the total cash compensation
                      opportunities made available to Executive in the completed
                      fiscal year immediately preceding the Change of Control
                      unless any such reduction represents an overall reduction
                      of no more than 10 percent in the rate of Base Salary paid
                      or cash compensation opportunities made available, as the
                      case may be, and affects all other executives in the same
                      organizational level (it being the Company's burden to
                      establish this fact); or

           (III)      the failure of the Company (or a  Subsidiary)  to continue
                      in effect any  benefits or  perquisites,  or any  pension,
                      life  insurance,  medical  insurance or disability plan in
                      which Executive was  participating  immediately prior to a
                      Change of Control  unless the  Company  (or a  Subsidiary)
                      provides  Executive  with a plan  or  plans  that  provide
                      substantially  similar  benefits,  or  the  taking  of any
                      action  by  the  Company  (or  a  Subsidiary)  that  would
                      adversely   affect   Executive's   participation   in   or
                      materially reduce  Executive's  benefits under any of such
                      plans or deprive  Executive of any material fringe benefit
                      enjoyed  by  Executive  immediately  prior to a Change  of
                      Control  unless the  elimination  or reduction of any such
                      benefit, perquisite or plan is of an aggregate value of no
                      more than 5 percent of the rate of Base Salary and affects
                      all other executives in the same organizational  level (it
                      being the Company's burden to establish this fact); or

            (IV)      any purported termination of Executive's employment by the
                      Company (or a  Subsidiary)  for Cause  during a Standstill
                      Period which is not effected in compliance  with paragraph
                      (b) of this Exhibit; or

             (V)      any relocation of Executive of more than 40 miles from the
                      place  where  Executive  was  located  at the  time of the
                      Change of Control; or

            (VI)      any other breach by the Company of any provision of this
                      Agreement; or

           (VII)      the  Company  sells  or  otherwise  disposes  of,  in  one
                      transaction or a series of related transactions, assets or
                      earning  power  aggregating  more than 30  percent  of the
                      assets (taken at asset value as stated on the books of the
                      Company  determined in accordance with generally  accepted
                      accounting  principles  consistently  applied)  or earning
                      power  of the  Company  (on an  individual  basis)  or the
                      Company and its subsidiaries (on a consolidated  basis) to
                      any other Person or Persons (as those terms are defined in
                      Exhibit B); or

          (VIII)      if Executive  is employed by a Subsidiary  of the Company,
                      such  Subsidiary  either  ceases to be a Subsidiary of the
                      Company  or  sells  or  otherwise   disposes  of,  in  one
                      transaction or a series of related transactions, assets or
                      earning  power  aggregating  more than 30  percent  of the
                      assets (taken at asset value as stated on the books of the
                      Subsidiary   determined  in  accordance   with   generally
                      accepted accounting  principles  consistently  applied) or
                      earning power of such Subsidiary (on an individual  basis)
                      or such Subsidiary and its subsidiaries (on a consolidated
                      basis) to any other  Person or Persons (as those terms are
                      defined in Exhibit B); or

            (IX)      the  voluntary  termination  by Executive  of  Executive's
                      employment at any time during the period  commencing eight
                      months plus one day after the Change of Control and ending
                      12 months after the Change of Control,  provided,  that in
                      the event of any such  voluntary  termination  pursuant to
                      this  clause  (IX),  the  Executive  shall be  entitled to
                      receive  only  one-half  (1/2)  of  the  lump  sum  amount
                      provided for in Section  1.2(a) and the benefits  provided
                      for in Section  1.2(b)(i)  shall be provided  for one-half
                      (1/2) the  number of months  from the Date of  Termination
                      stipulated in that Section.

             (k) "Standstill  Period" shall be the period commencing on the date
    of a Change of Control  and  continuing  until the close of  business on the
    last  business  day of the 24th  calendar  month  following  such  Change of
    Control.

             (l)  "Subsidiary"  shall mean any  corporation in which the Company
    owns,  directly  or  indirectly,  50 percent  or more of the total  combined
    voting power of all classes of stock.

<PAGE>

                                    EXHIBIT B

                         Definition of Change of Control

    A "Change of Control" shall mean:

                      (a) The  acquisition  by an  individual,  entity  or group
    (within  the  meaning of Section  13(d)(3)  or  14(d)(2)  of the  Securities
    Exchange  Act of 1934,  as amended  (the  "Exchange  Act")) (a  "Person") of
    beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
    Exchange  Act) of 20% or more of either (i) the  then-outstanding  shares of
    common stock of the Company (the "Outstanding Company Common Stock") or (ii)
    the combined voting power of the  then-outstanding  voting securities of the
    Company  entitled  to vote  generally  in the  election  of  directors  (the
    "Outstanding  Company  Voting  Securities");  provided,  however,  that  for
    purposes  of this  subsection  (a),  the  following  acquisitions  shall not
    constitute  a Change  of  Control:  (i) any  acquisition  directly  from the
    Company,  (ii) any acquisition by the Company,  (iii) any acquisition by any
    employee  benefit plan (or related  trust)  sponsored or  maintained  by the
    Company  or  any  corporation   controlled  by  the  Company,  or  (iv)  any
    acquisition by any corporation pursuant to a transaction which satisfies the
    criteria set forth in clauses (i), (ii) and (iii) of subsection  (c) of this
    definition; or

                      (b) Individuals who, as of the date hereof, constitute the
    Board (the "Incumbent  Board") cease for any reason to constitute at least a
    majority of the Board;  provided,  however,  that any individual  becoming a
    director  subsequently to the date hereof whose election,  or nomination for
    election by the Company's stockholders, was approved by a vote of at least a
    majority of the  directors  then  comprising  the  Incumbent  Board shall be
    considered as though such  individual  were a member of the Incumbent  Board
    (except that this proviso  shall not apply to any  individual  whose initial
    assumption  of  office  as a  director  occurs  as a result  of an actual or
    threatened  election  contest  with  respect to the  election  or removal of
    directors or other actual or threatened  solicitation of proxies or consents
    by or on behalf of a Person other than the Board); or

                      (c)   Consummation   of  a   reorganization,   merger   or
    consolidation involving the Company or a sale or other disposition of all or
    substantially  all of the assets of the Company (a "Business  Combination"),
    in each case, unless,  immediately following such Business Combination,  (i)
    all or  substantially  all of the  individuals  and  entities  who  were the
    beneficial owners, respectively, of the Outstanding Company Common Stock and
    Outstanding  Company Voting  Securities  immediately  prior to such Business
    Combination  beneficially  own,  directly or  indirectly,  more than 60% of,
    respectively,  the then-outstanding  shares of common stock and the combined
    voting  power of the  then-outstanding  voting  securities  entitled to vote
    generally in the election of directors,  of the  corporation  resulting from
    such Business  Combination  (which as used in section (c) of this definition
    shall include,  without limitation,  a corporation which as a result of such
    transaction  owns the Company or all or  substantially  all of the Company's
    assets either directly or through one or more subsidiaries) in substantially
    the same proportions as their ownership,  immediately prior to such Business
    Combination, of the Outstanding Company Common Stock and Outstanding Company
    Voting  Securities,  as the  case  may be,  (ii) no  Person  (excluding  any
    corporation resulting from such Business Combination or any employee benefit
    plan (or related  trust) of the Company or such  corporation  resulting from
    such Business Combination) beneficially owns, directly or indirectly, 20% or
    more of,  respectively,  the then outstanding  shares of common stock of the
    corporation resulting from such Business Combination, or the combined voting
    power of the  then-outstanding  voting  securities of such  corporation  and
    (iii)  at  least  half of the  members  of the  board  of  directors  of the
    corporation  resulting  from such Business  Combination  were members of the
    Incumbent Board at the time of the execution of the initial agreement, or of
    the action of the Board, providing for such Business Combination; or

                      (d)  Approval  by the  stockholders  of the  Company  of a
    complete liquidation or dissolution of the Company.

    hbchcontrolINDEMNIFICATION AGREEMENT

         This  Agreement  is made and entered  into as of May 31,  2000  between
HomeBase, Inc., a Delaware corporation (the "Company"), and ____________________
("Indemnitee").

         WHEREAS,  it is  essential to the Company that it retain and attract as
directors and officers the most capable persons available;

         WHEREAS, Indemnitee is [a director] [a director and officer]
[an officer] of the Company;

         WHEREAS,  both the Company and Indemnitee  recognize the increased risk
of litigation and other claims being asserted against  directors and officers of
public companies in today's environment;

         WHEREAS, in recognition of Indemnitee's need for substantial protection
against personal liability in order to enhance Indemnitee's continued service to
the  Company in an  effective  manner,  and in part to provide  Indemnitee  with
specific contractual  assurance that the indemnification  protection provided by
the By-laws of the Company will be available to Indemnitee (regardless of, among
other  things,  any  amendment to or revocation of such By-laws or any change in
the  composition  of  the  Company's  Board  of  Directors  or  any  acquisition
transaction  relating  to the  Company),  and in order to induce  Indemnitee  to
continue  to provide  services to the Company as [a  director]  [a director  and
officer] [an officer]  thereof,  the Company wishes to provide in this Agreement
for the  indemnification  of and the  advancing of expenses to Indemnitee to the
fullest extent (whether  partial or complete)  permitted by law and as set forth
in this Agreement, and, to the extent insurance is maintained, for the continued
coverage of Indemnitee  under the Company's  directors' and officers'  liability
insurance policies (the "D&O Insurance");

         WHEREAS,  as a  result  of the  Company's  provision  of such  specific
contractual  assurance,  Indemnitee  has  agreed  to  continue  to  serve  as [a
director] [a director and officer] [an officer] of the Company;

         NOW,   THEREFORE,   in  consideration  of  the  promises,   conditions,
representations  and  warranties  set  forth  herein,   including   Indemnitee's
continued  service to the Company  directly  or, at its  request,  with  another
enterprise,  and intending to be legally bound hereby,  the parties hereto agree
as follows:

         1.       Certain Definitions.

                  (a) Change in Control: shall be deemed to have occurred if (i)
any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange  Act of 1934,  as  amended),  other than a trustee  or other  fiduciary
holding  securities  under  an  employee  benefit  plan  of  the  Company  or  a
corporation  owned directly or indirectly by the  stockholders of the Company in
substantially  the same  proportions as their ownership of stock of the Company,
is or becomes the "beneficial  owner" (as defined in Rule 13d-3 under said Act),
directly or indirectly, of securities of the Company representing 20% or more of
the total voting power  represented  by the Company's  then  outstanding  Voting
Securities,  or (ii) during any period of two consecutive years, individuals who
at the beginning of such period constitute the Board of Directors of the Company
and any new director  whose election by the Board of Directors or nomination for
election  by the  Company'  stockholders  was  approved  by a vote  of at  least
two-thirds (2/3) of the directors then still in office who either were directors
at the beginning of the period or whose  election or nomination for election was
previously so approved,  cease for any reason to constitute a majority  thereof,
or (iii) the  stockholders of the Company approve a merger or  consolidation  of
the Company  with any other  corporation,  other than a merger or  consolidation
which  would  result  in  the  Voting  Securities  of  the  Company  outstanding
immediately   prior  thereto   continuing  to  represent  (either  by  remaining
outstanding  or by being  converted  into  Voting  Securities  of the  surviving
entity)  at least  80% of the  total  voting  power  represented  by the  Voting
Securities of the Company or such surviving entity outstanding immediately after
such merger or consolidation,  or the stockholders of the Company approve a plan
of  complete  liquidation  of the  Company  or an  agreement  for  the  sale  or
disposition by the Company (in one transaction or a series of  transactions)  of
all or substantially all of the Company's assets.

                  (b) Claim: any threatened,  pending or completed action, suit,
proceeding or alternate dispute resolution mechanism, or any inquiry, hearing or
investigation,  whether  conducted  by the  Company  or any  other  party,  that
Indemnitee  in good faith  believes  might lead to the  institution  of any such
action,  suit or proceeding or alternate dispute resolution  mechanism,  whether
civil, criminal, administrative, investigative or other.

                  (c)  Expenses:  include  attorneys'  fees and all other costs,
travel expenses,  fees of experts,  transcript costs, filing fees, witness fees,
telephone charges,  postage,  delivery service fees, expenses and obligations of
any  nature  whatsoever  paid or  incurred  in  connection  with  investigating,
defending,  being a witness in or  participating  in (including  on appeal),  or
preparing to defend, be a witness in or participate in any Claim relating to any
Indemnifiable Event.

                  (d)  Indemnifiable  Event: any event or occurrence  related to
the fact that  Indemnitee  is or was a  director,  officer,  employee,  agent or
fiduciary of the Company,  or is or was serving at the request of the Company as
a  director,   officer,  employee,   trustee,  agent  or  fiduciary  of  another
corporation,  partnership,  joint venture, employee benefit plan, trust or other
enterprise,  or related to anything  done or not done by  Indemnitee in any such
capacity.

                  (e)  Potential  Change  in  Control:  shall be  deemed to have
occurred  if (i) the  Company  enters  into an  agreement  or  arrangement,  the
consummation  of which would  result in the  occurrence  of a Change in Control;
(ii) any person (including the Company) publicly  announces an intention to take
or to consider taking actions which if consummated  would constitute a Change in
Control; or (iii) the Board adopts a resolution to the effect that, for purposes
of this Agreement, a Potential Change in Control has occurred.

                  (f)  Reviewing  Party:  shall consist of either the members of
the Company's Board of Directors who are not parties to the particular Claim for
which  Indemnitee is seeking  indemnification,  even though such members fail to
constitute a quorum,  or  Independent  Legal  Counsel.  If the  Reviewing  Party
consists of members of the Board of  Directors  who are not parties to the Claim
then the Reviewing Party shall act by majority vote.

                  (g)  Independent  Legal  Counsel:  shall refer to an attorney,
selected in accordance  with the  provisions of Section 3 hereof,  who shall not
have otherwise  performed services for the Company or Indemnitee within the last
five years (other than in  connection  with seeking  indemnification  under this
Agreement).  Independent  Legal Counsel  shall not be any person who,  under the
applicable  standards  of  professional  conduct then  prevailing,  would have a
conflict of  interest in  representing  either the Company or  Indemnitee  in an
action  to  determine  Indemnitee's  rights  under  this  Agreement,  nor  shall
Independent  Legal Counsel be any person who has been sanctioned or censured for
ethical violations of applicable standards of professional conduct.

                  (h)  Voting Securities:  any securities of the Company  which
vote generally in the election of directors.

         2.       Basic Indemnification Arrangement.

                  (a) In the event  Indemnitee  was, is or becomes a party to or
witness  or other  participant  in,  or is  threatened  to be made a party to or
witness or other  participant  in, a Claim by reason of (or  arising in part out
of) an  Indemnifiable  Event,  the Company  shall  indemnify  Indemnitee  to the
fullest extent permitted by law as soon as practicable but in any event no later
than thirty days after written  demand is presented to the Company,  against any
and all  Expenses,  judgments,  fines,  penalties and amounts paid in settlement
(including  all  interest,  assessments  and other  charges  paid or  payable in
connection with or in respect of such Expenses,  judgments,  fines, penalties or
amounts  paid in  settlement)  of such Claim and any  federal,  state,  local or
foreign taxes (net of the value to Indemnitee of any tax benefits resulting from
tax deductions or otherwise) imposed on the Indemnitee as a result of the actual
or deemed receipt of any payments  under this Agreement  (including the creation
of the trust  referred to in Section 4 hereof).  If so requested by  Indemnitee,
the Company shall advance (within two business days of such request) any and all
Expenses to Indemnitee (an "Expense Advance").  Notwithstanding anything in this
Agreement  or in the  By-laws  of the  Company  to the  contrary  and  except as
provided  in Section 5,  prior to a Change in  Control  Indemnitee  shall not be
entitled to  indemnification  pursuant to this Agreement in connection  with any
Claim initiated by Indemnitee  against the Company or any director or officer of
the Company  unless the Company has joined in or consented to the  initiation of
such Claim.

                  (b) Notwithstanding the foregoing,  (i) the obligations of the
Company under Section 2(a) shall be subject to the condition  that the Reviewing
Party shall not have determined (in a written opinion,  in any case in which the
Independent  Legal  Counsel  referred to in Section 3 hereof is  involved)  that
Indemnitee  would not be permitted to be indemnified  under  applicable law, and
(ii) the  obligation  of the  Company to make an  Expense  Advance  pursuant  to
Section 2(a) shall be subject to the condition  that, if, when and to the extent
that the Reviewing Party determines that Indemnitee would not be permitted to be
so  indemnified  under  applicable  law,  the  Company  shall be  entitled to be
reimbursed  by  Indemnitee  (who hereby agrees to reimburse the Company) for all
such  amounts  theretofore  paid;  provided,  however,  that if  Indemnitee  has
commenced  legal  proceedings in a court of competent  jurisdiction  to secure a
determination  that Indemnitee  should be indemnified  under applicable law, any
determination made by the Reviewing Party that Indemnitee would not be permitted
to be indemnified under applicable law shall not be binding and Indemnitee shall
not be required to reimburse  the Company for any Expense  Advance until a final
judicial  determination  is made with respect thereto (as to which all rights of
appeal  therefrom  have been  exhausted or lapsed).  Indemnitee's  obligation to
reimburse  the Company for Expense  Advances  shall be unsecured and no interest
shall be  charged  thereon.  If there  has not been a  Change  in  Control,  the
Reviewing  Party shall be selected by the Board of  Directors,  and if there has
been such a Change in Control  (other  than a Change in  Control  which has been
approved by a majority of the Company's  Board of Directors  who were  directors
immediately  prior to such Change in Control),  the Reviewing Party shall be the
Independent  Legal Counsel referred to in Section 3 hereof. If there has been no
determination  by the Reviewing Party or if the Reviewing Party  determines that
Indemnitee substantively would not be permitted to be indemnified in whole or in
part  under  applicable  law,  Indemnitee  shall  have  the  right  to  commence
litigation  in  any  court  in the  State  of  Delaware  having  subject  matter
jurisdiction   thereof  and  in  which  venue  is  proper   seeking  an  initial
determination  by  the  court  or  challenging  any  such  determination  by the
Reviewing  Party or any aspect  thereof,  or the legal or factual bases therefor
and the Company hereby  consents to service of process and to appear in any such
proceeding.  Any  determination  by  the  Reviewing  Party  otherwise  shall  be
conclusive and binding on the Company and Indemnitee.

         3. Change in Control.  The Company  agrees that if there is a Change of
Control of the Company  (other than a Change in Control  which has been approved
by a majority of the Company's Board of Directors who were directors immediately
prior to such  Change in  Control),  then  Independent  Legal  Counsel  shall be
selected by Indemnitee and approved by the Company (which  approval shall not be
unreasonably  withheld),  and such  Independent  Legal Counsel  shall  determine
whether the officer or director is entitled to  indemnity  payments  and Expense
Advances under this Agreement or any other agreement or under the Certificate of
Incorporation  or By-laws of the Company now or hereafter in effect  relating to
Claims for Indemnifiable  Events.  Such Independent  Legal Counsel,  among other
things,  shall render its written  opinion to the Company and  Indemnitee  as to
whether and to what extent  Indemnitee will be permitted to be indemnified.  The
Company agrees to pay the reasonable fees of the  Independent  Legal Counsel and
to indemnify fully such  Independent  Legal Counsel against any and all expenses
(including  attorneys' fees), claims,  liabilities and damages arising out of or
relating to this  Agreement  or the  engagement  of  Independent  Legal  Counsel
pursuant hereto.

         4.  Establishment  of  Trust.  In the  event of a  Potential  Change in
Control,  the Company shall, upon written request by Indemnitee,  create a trust
for the  benefit of  Indemnitee  and from time to time upon  written  request of
Indemnitee shall fund such trust in an amount (the "Trust Fund Amount") which is
the  lesser  of (a) the  total of all sums  sufficient  to  satisfy  any and all
Expenses reasonably  anticipated at the time of each such request to be incurred
in connection with investigation, preparing for and defending any Claim relating
to an  Indemnifiable  Event,  plus any and all judgments,  fines,  penalties and
settlement amounts of any and all Claims relating to an Indemnifiable Event from
time to time actually paid or claimed,  reasonably anticipated or proposed to be
paid, or (b) Five Million Dollars  ($5,000,000).  The Trust Fund Amount shall be
determined  by the  Company's  Board of  Directors,  provided  that no Change in
Control shall have occurred but shall be  determined  by the  Independent  Legal
Counsel after the occurrence of a Change in Control.  The Company shall maintain
funds in the trust account in the Trust Fund Amount,  depositing such additional
amounts as may be appropriate as a result of  disbursements  from the account or
increases  which,  from time to time,  may occur in the Trust Fund  Amount.  The
terms of the trust  shall  provide  that upon a Change in Control  (i) the Trust
shall not be revoked or the  principal  thereof  invaded,  without  the  written
consent of Indemnitee,  (ii) the trustee shall advance, within two business days
of a request by Indemnitee,  any and all Expenses to Indemnitee  (and Indemnitee
hereby  agrees to reimburse  the trust under the  circumstances  under which the
Indemnitee would be required to reimburse the Company under Section 2(b) of this
Agreement),  (iii) the trust  shall  continue  to be  funded by the  Company  in
accordance with the funding  obligation set forth above,  (iv) the trustee shall
promptly pay to Indemnitee all amounts for which Indemnitee shall be entitled to
indemnification  pursuant to this Agreement or otherwise, and (v) all unexpected
funds in such trust shall  revert to the Company upon a final  determination  by
the Reviewing  Party or a court of competent  jurisdiction,  as the case may be,
that  Indemnitee has been fully  indemnified  under the terms of this Agreement.
The  trustee  shall be chosen by  Indemnitee.  Nothing  in this  Section 4 shall
relieve the Company of any of its obligations  under this Agreement.  All income
earned  on the  assets  held in the  trust  shall be  reported  as income by the
Company for federal, state, local and foreign tax purposes.

         5. Indemnification for Additional Expenses. The Company shall indemnify
Indemnitee  against any and all  expenses  (including  attorneys'  fees) and, if
requested  by  Indemnitee,  shall  (within two  business  days of such  request)
advance  such  expenses  to  Indemnitee,  which are  incurred by  Indemnitee  in
connection with any Claim asserted  against  Indemnitee or which are incurred in
connection  with any action  brought by Indemnitee  for (i)  indemnification  or
advance  payment of Expenses by the Company  under this  Agreement  or any other
agreement or under the  Certificate of  Incorporation  or By-laws of the Company
now or hereafter in effect  relating to Claims for  Indemnifiable  Events and/or
(ii) recovery under any directors' and officers'  liability  insurance  policies
maintained  by the  Company,  regardless  of whether  Indemnitee  ultimately  is
determined to be entitled to such  indemnification,  advance  expense payment or
insurance recovery, as the case may be.

         6.  Partial  Indemnity,  Etc.  If  Indemnitee  is  entitled  under  any
provision  of this  Agreement  to  indemnification  by the Company for some or a
portion  of the  Expenses,  judgments,  fines,  penalties  and  amounts  paid in
settlement of a Claim but not, however, for all of the total amount thereof, the
Company shall nevertheless indemnify Indemnitee for the portion thereof to which
Indemnitee is entitled.  Moreover,  notwithstanding  any other provision of this
Agreement,  to the extent that  Indemnitee has been  successful on the merits or
otherwise  in defense of any or all  Claims  relating  in whole or in part to an
Indemnifiable  Event or in  defense  of any issue or matter  therein,  including
dismissal  without  prejudice,  Indemnitee  shall  be  indemnified  against  all
Expenses incurred in connection therewith.  In connection with any determination
by the Reviewing  Party or otherwise as to whether  Indemnitee is entitled to be
indemnified hereunder,  the burden of proof shall be on the Company to establish
that Indemnitee is not so entitled.

         7. No Presumption.  For purposes of this Agreement,  the termination of
any claim, action, suit or proceeding,  by judgment,  order, settlement (whether
with or without court approval) or conviction, or upon a plea of nolo contendere
or its equivalent,  shall not create a presumption  that Indemnitee did not meet
any particular standard of conduct or have any particular belief or that a court
has determined that indemnification is not permitted by applicable law.

         8.  Non-Exclusivity,  Etc. The rights of the Indemnitee hereunder shall
be in addition to any other rights  Indemnitee may have under the Certificate of
Incorporation or By-laws of the Company or the Delaware General  Corporation Law
or otherwise.  To the extent that a change in the Delaware  General  Corporation
Law (whether by statute or judicial decision) permits greater indemnification by
agreement   than  would  be  afforded   currently   under  the   Certificate  of
Incorporation and By-laws of the Company and this Agreement, it is the intent of
the parties  hereto that  Indemnitee  shall enjoy by this  Agreement the greater
benefits so afforded by such change.

         9. No Construction as Employment  Agreement.  Nothing  contained herein
shall be construed as giving  Indemnitee  any right to be retained in the employ
of the Company or any of its subsidiaries.

         10.  Liability  Insurance.  To the extent  the  Company  maintains  D&O
Insurance, Indemnitee shall be covered by such policy or policies, in accordance
with its or their terms, to the maximum extent of the coverage  provided for any
Company director or officer.

         11.  Period of  Limitations.  No legal  action  shall be brought and no
cause of  action  shall be  asserted  by or in the right of the  Company  or any
affiliate of the Company  against  Indemnitee  or  Indemnitee's  spouse,  heirs,
executors,  administrators  or  personal  or  legal  representatives  after  the
expiration  of two years from the date of  accrual of such cause of action,  and
any  claim  or  cause  of  action  of the  Company  or its  affiliates  shall be
extinguished and deemed released unless asserted by the timely filing of a legal
action  within such  two-year  period;  provided,  however,  that if any shorter
period of limitations  is otherwise  applicable to any such cause of action such
shorter period shall govern.

         12. Amendments,  Etc. No supplement,  modification or amendment of this
Agreement  shall be binding  unless  executed  in writing by both of the parties
hereto.  No waiver of any of the provisions of this Agreement shall be deemed or
shall  constitute  a waiver  of any  other  provisions  hereof  (whether  or not
similar) nor shall such waiver constitute a continuing waiver.

         13.  Subrogation.  In the event of payment  under this  Agreement,  the
Company  shall be  subrogated to the extent of such payment to all of the rights
of recovery of  Indemnitee,  who shall execute all papers  required and shall do
everything that may be necessary to secure such rights,  including the execution
of such documents as may be necessary to enable the Company effectively to bring
suit to enforce such rights.

         14. No Duplication  of Payments.  The Company shall not be liable under
this  Agreement  to make any payment in  connection  with any claim made against
Indemnitee to the extent  Indemnitee  has otherwise  actually  received  payment
(under any insurance policy,  the Certificate of Incorporation or the By-laws of
the Company or otherwise) of the amounts otherwise indemnifiable hereunder.

         15.      Indemnification Procedures.

                  (a)  Promptly  after  receipt by  Indemnitee  of notice of the
commencement of or the threat of commencement of any action, suit or proceeding,
Indemnitee shall notify the Company of the  commencement or threat thereof;  but
the omission so to notify or delay in notifying the Company will not relieve the
Company from any liability which it may have to Indemnitee  except to the extent
that the Company is actually prejudiced by any such omission or delay.

                  (b) The Company shall give prompt  notice of the  commencement
of such action, suit or proceeding to the insurers on the D&O Insurance, if any,
in accordance with the procedures set forth in the respective  policies in favor
of  Indemnitee.  The Company  shall  thereafter  take all necessary or desirable
action to cause such  insurers  to pay,  on behalf of  Indemnitee,  all  amounts
payable as a result of such action,  suit or proceeding  in accordance  with the
terms of such policies.

                  (c) In the event such action, suit or proceeding is other than
by or in the right of the Company, Indemnitee may, at his option, either control
the  defense  thereof  himself,  require the Company to defend him or accept the
defense provided under the D&O Insurance; provided, however, that Indemnitee may
not  control  the  defense  himself or require the Company to defend him if such
decision  would  jeopardize  the coverage  provided by the D&O  Insurance to the
Company and/or the other directors and officers  covered  thereby.  In the event
that  Indemnitee  requires  the  Company  to defend  him,  or in the event  that
Indemnitee proceeds under the D&O Insurance but Indemnitee  determines that such
insurers  under the D&O Insurance are unable or unwilling to adequately  defend,
contest and protect Indemnitee against any such action, suit or proceeding,  the
Company shall promptly undertake to defend any such action,  suit or proceeding,
at the Company's sole cost and expense, utilizing counsel of Indemnitee's choice
who has been approved by the Company. If appropriate, the Company shall have the
right to participate in the defense of such action, suit or proceeding.

                  (d) In the event such action,  suit or  proceeding is by or in
the right of the  Company,  Indemnitee  may, at his option,  either  control the
defense thereof himself or accept the defense  provided under the D&O Insurance;
provided,  however,  that Indemnitee may not control the defense himself if such
decision would jeopardize the coverage provided by the D&O Insurance, if any, to
the Company and/or the other directors and officers covered thereby.

                  (e) In the event the  Company  shall  fail  timely to  defend,
contest  or  otherwise  protect  Indemnitee  against  any such  action,  suit or
proceeding which is not by or in the right of the Company, Indemnitee shall have
the  right  to do so,  including  without  limitation  the  right  to  make  any
compromise or settlement thereof, and to recover from the Company all attorneys'
fees, reimbursements and all amounts paid as a result thereof.

         16. Binding Effect, Etc. This Agreement shall be binding upon and inure
to the benefit of and be enforceable by the parties hereto and their  respective
successors,  assigns,  including  any direct or indirect  successor by purchase,
merger,  consolidation or otherwise to all or substantially  all of the business
and/or  assets  of  the  Company,   spouses,   heirs,  and  personal  and  legal
representatives.  The Company  shall  require and cause any  successor  (whether
direct or indirect by purchase,  merger,  consolidation  or  otherwise)  to all,
substantially  all, or a substantial  part, of the business and/or assets of the
Company, by written agreement in form and substance  satisfactory to Indemnitee,
expressly to assume and agree to perform  this  Agreement in the same manner and
to the same  extent  that the  Company  would be  required to perform if no such
succession had taken place.  This Agreement shall continue in effect  regardless
of  whether  Indemnitee  continues  to serve as [a  director]  [a  director  and
officer] [an officer] of the Company or of any other enterprise at the Company's
request.

         17. Severability.  The provisions of this Agreement shall be severable.
In the event that any of the provisions hereof (including any provision within a
single  section,  paragraph  or  sentence)  are  held  by a court  of  competent
jurisdiction  to be invalid,  void or  otherwise  unenforceable,  the  remaining
provisions  shall remain  enforceable  to the fullest  extent  permitted by law.
Furthermore,  to the fullest extent  possible,  the provisions of this Agreement
(including,  without limitation,  each portion of this Agreement  containing any
provision  held to be  invalid,  void or  otherwise  unenforceable,  that is not
itself invalid,  void or unenforceable)  shall be construed so as to give effect
to  the  intent   manifested   by  the  provision   held  invalid,   illegal  or
unenforceable.

         18.  Governing Law. This Agreement  shall be governed by, and construed
and enforced in accordance with, the laws of the State of Delaware applicable to
contracts  made and to be performed in such state  without  giving effect to the
principles of conflicts of laws.

         IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as of the day and year first above written.

                                 HOMEBASE, INC.

                                 By: _____________________________________
                                 Name: ___________________________________
                                 Title: __________________________________

                                 INDEMNITEE:

                                 Name: ___________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00010-of-00352.parquet"}]]