Document:

NEW HIRES/SUBSEQUENT GRANTS

                             EVENFLO OWNERSHIP PLAN

                  FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT

            THIS AGREEMENT, dated as of March __, 2000, is made by and between
Evenflo Company, Inc., a Delaware corporation (the "Company"), and
_____________________, an employee of the Company or a Subsidiary (as defined
below) or Affiliate (as defined below) of the Company ("Optionee").

            WHEREAS, the Company wishes to afford the Optionee the opportunity
to purchase shares of its Common Stock, par value $1.00 per share (the "Common
Stock");

            WHEREAS, the Company wishes to carry out the Plan (as hereinafter
defined), the terms of which are hereby incorporated by reference and made a
part of this Agreement; and

            WHEREAS, the Committee (as hereinafter defined), appointed to
administer the Plan, has determined that it would be to the advantage and best
interest of the Company and its stockholders to grant the Options (as
hereinafter defined) provided for herein to the Optionee as an incentive for
increased efforts during his term of office with the Company or its Subsidiaries
or Affiliates, and has advised the Company thereof and instructed the
undersigned officers to issue said Options;

            NOW, THEREFORE, in consideration of the mutual covenants herein
contained and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto do hereby agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

            Whenever the following terms are used in this Agreement, they shall
have the meaning specified in the Plan or below unless the context clearly
indicates to the contrary.

Section 1.1 - Affiliate

            "Affiliate" shall mean, with respect to the Company, any corporation
directly or indirectly controlling, controlled by, or under common control with,
the Company or any other entity designated by the Board of Directors of the
Company in which the Company or an Affiliate has an interest.

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Section 1.2 - Cause

            "Cause" shall mean (i) the Optionee's willful and continued failure
to perform Optionee's duties with respect to the Company or its subsidiaries
after a written demand for substantial performance is delivered to Optionee by
the Company or (ii) misconduct by Optionee involving (x) dishonesty or breach of
trust in connection with Optionee's employment which is reasonably likely to be
injurious to the Company or (y) conduct which would be a reasonable basis for an
indictment of Optionee for a felony or for a misdemeanor involving moral
turpitude.

Section 1.3 - Change of Control

      A "Change of Control" means (i) a sale of all or substantially all of the
assets of the Company to a Person or Group who is not an Affiliate of Kohlberg
Kravis Roberts & Co., L.P. ("KKR"), (ii) a sale by KKR or any of its Affiliates
resulting in (A) more than 50% of the voting stock of the Company being held by
a Person or Group that does not include KKR or any of its Affiliates and (B)
more than 50% of the seats on the Board of Directors of the Company being
controlled by or being designees of a party or parties other than KKR or any of
its Affiliates, or (iii) a merger or consolidation of the Company into another
Person which is not an Affiliate of KKR.

Section 1.4 - Code

            "Code" shall mean the Internal Revenue Code of 1986, as amended.

Section 1.5 - Committee

            "Committee" shall mean the Compensation Committee of the Board of
Directors of the Company.

Section 1.6 - Grant Date

            "Grant Date" shall mean the date on which the Options provided for
in this Agreement were granted.

Section 1.7 - Group

            "Group" means two or more Persons acting together as a partnership,
limited partnership, syndicate or other group for the purpose of acquiring,
holding or disposing of securities of the Company.

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Section 1.8 - Management Stockholder's Agreement

            "Management Stockholder's Agreement" shall mean the Management
Stockholder's Agreement dated as of the date hereof between the Optionee and the
Company.

Section 1.9 - Options

            "Options" shall mean the non-qualified options to purchase Common
Stock granted under this Agreement.

Section 1.10 - Permanent Disability

            The Optionee shall be deemed to have a "Permanent Disability" if the
Optionee is unable to engage in the activities required by the Optionee's job by
reason of any medically determined physical or mental impairment which can be
expected to result in death or which has lasted or can be expected to last for a
continuous period of not less than 12 months, or if the majority of the Board of
Directors of the Company shall, in good faith, determine the Optionee is
permanently disabled.

Section 1.11 - Person

            "Person" means an individual, partnership, corporation, business
trust, joint stock company, trust, unincorporated association, joint venture,
governmental authority or other entity of whatever nature.

Section 1.12 - Plan

            "Plan" shall mean the Evenflo Ownership Plan.

Section 1.13 - Pronouns

            The masculine pronoun shall include the feminine and neuter, and the
singular the plural, where the context so indicates.

Section 1.14 - Retirement

            "Retirement" shall mean (i) retirement at age 65 or over after
having been employed by the Company or any subsidiary for at least five years
after the Grant Date or (ii) retirement at age 55 or over if such Optionee has
been employed with the Company and/or a Subsidiary for a minimum of 15 years and
after having been employed by the Company and/or any Subsidiary for at least
five years after the Grant Date.

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Section 1.15 - Secretary

            "Secretary" shall mean the Secretary of the Company.

Section 1.16 - Subsidiary

            "Subsidiary" shall mean any company in an unbroken chain of
companies beginning with the Company if each of the companies, or group of
commonly controlled companies (other than the last company in the unbroken
chain), then owns stock possessing 50% or more of the total combined voting
power of all classes of stock in one of the other companies in such chain.

                                   ARTICLE II

                                GRANT OF OPTIONS

Section 2.1 - Grant of Options

            For good and valuable consideration, on and as of the date hereof
the Company irrevocably grants to the Optionee an Option to purchase any part or
all of an aggregate of the number of shares set forth with respect to each such
Option on the signature page hereof of its Common Stock upon the terms and
conditions set forth in this Agreement.

Section 2.2 - Exercise Price

            Subject to Section 2.4, the exercise price of the shares of stock
covered by the Options shall be $5.00 per share without commission or other
charge.

Section 2.3 - Consideration to the Company

            In consideration of the granting of these Options by the Company,
the Optionee agrees to render faithful and efficient services to the Company or
a Subsidiary or Affiliate, with such duties and responsibilities as the Company
shall from time to time prescribe. Nothing in this Agreement or in the Plan
shall confer upon the Optionee any right to continue in the employ of the
Company or any Subsidiary or Affiliate or shall interfere with or restrict in
any way the rights of the Company and its Subsidiaries or Affiliates, which are
hereby expressly reserved, to terminate the employment of the Optionee at any
time for any reason whatsoever, with or without cause.

Section 2.4 - Adjustments to Options Pursuant to Merger, Consolidation, etc.

            Subject to Section 9 of the Plan, in the event that the outstanding
shares of the stock subject to an Option are, from time to time, changed into or
exchanged for a different number or kind of shares of the Company or other
securities of the Company by reason of a

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merger, consolidation, recapitalization, reclassification, stock split, stock
dividend, combination of shares, or otherwise, the Committee shall make an
appropriate and equitable adjustment in the number and kind of shares and/or the
amount of consideration as to which or for which, as the case may be, such
Option, or portions thereof then unexercised, shall be exercisable. Any such
adjustment made by the Committee shall be final and binding upon the Optionee,
the Company and all other interested persons.

                                   ARTICLE III

                            PERIOD OF EXERCISABILITY

Section 3.1 - Commencement of Exercisability

            (a) Options shall become exercisable as follows:

                                            Percentage of Option
Date Option                                 Shares Granted As to Which
Becomes Exercisable                         Option Is Exercisable
-------------------                         ---------------------

After the first anniversary
  of the Grant Date                                   20%

After the second anniversary
  of the Grant Date                                   40%

After the third anniversary
  of the Grant Date                                   60%

After the fourth anniversary
  of the Grant Date                                   80%

After the fifth anniversary
  of the Grant Date                                  100%

            Notwithstanding the foregoing, the Option shall become immediately
exercisable as to 100% of the shares of Common Stock subject to such Option
immediately prior to a Change of Control (but only to the extent such Option has
not otherwise terminated or become exercisable).

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            (b) Notwithstanding the foregoing, no Option shall become
exercisable as to any additional shares of Common Stock following the
termination of employment of the Optionee for any reason other than a
termination of employment because of death, Permanent Disability or Retirement
of the Optionee and any Option (other than as provided in the next succeeding
sentence) which is not exercisable as of the Optionee's termination of
employment shall be immediately cancelled. In the event of a termination of
employment because of such death, Permanent Disability or Retirement, the
Options shall immediately become exercisable as to all shares of Common Stock
subject thereto.

Section 3.2 - Expiration of Options

            Except as otherwise provided in Section 5 or 6 of the Management
Stockholder's Agreement, the Options may not be exercised to any extent by the
Optionee after the first to occur of the following events:

            (a) The tenth anniversary of the Grant Date; or

            (b) The first anniversary of the date of the Optionee's termination
      of employment by reason of death, Permanent Disability or Retirement; or

            (c) The first business day which is fifteen calendar days after the
      earlier of (i) 75 days after termination of employment of the Optionee for
      any reason other than for death, Permanent Disability or Retirement
      (except as to the extent described in clause (e) below) or (ii) the
      delivery of notice by the Company that it does not intend to exercise its
      call right under Section 6 of the Management Stockholder's Agreement;
      provided, however, that in any event the Options shall remain exercisable
      under this subsection 3.2(c) until at least 45 days after termination of
      employment of the Optionee for any reason other than for death, Permanent
      Disability or Retirement; or

            (d) The date the Option is terminated pursuant to Section 5, 6 or
      8(b) of the Management Stockholder's Agreement;

            (e) The date of an Optionee's termination of employment by the
      Company for Cause; or

            (f) If the Committee so determines pursuant to Section 9 of the
      Plan, the effective date of either the merger or consolidation of the
      Company into another Person, or the exchange or acquisition by another
      Person of all or substantially all of the Company's assets or 80% or more
      of its then outstanding voting stock, or the recapitalization,
      reclassification, liquidation or dissolution of the Company. At least ten
      (10) days prior to the effective date of such merger, consolidation,
      exchange, acquisition, recapitalization, reclassification, liquidation or
      dissolution, the Committee shall give the Optionee notice of such event if
      the Option has then neither been fully exercised nor become unexercisable
      under this Section 3.2.

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                                   ARTICLE IV

                               EXERCISE OF OPTION

Section 4.1 - Person Eligible to Exercise

            Except as otherwise provided in the Management Stockholder's
Agreement, during the lifetime of the Optionee, only he may exercise an Option
or any portion thereof. After the death of the Optionee, any exercisable portion
of an Option may, prior to the time when an Option becomes unexercisable under
Section 3.2, be exercised by his personal representative or by any person
empowered to do so under the Optionee's will or under the then applicable laws
of descent and distribution.

Section 4.2 - Partial Exercise

            Any exercisable portion of an Option or the entire Option, if then
wholly exercisable, may be exercised in whole or in part at any time prior to
the time when the Option or portion thereof becomes unexercisable under Section
3.2; provided, however, that any partial exercise shall be for whole shares of
Common Stock only.

Section 4.3 - Manner of Exercise

            An Option, or any exercisable portion thereof, may be exercised
solely by delivering to the Secretary or his office all of the following prior
to the time when the Option or such portion becomes unexercisable under Section
3.2:

            (a) Notice in writing signed by the Optionee or the other person
      then entitled to exercise the Option or portion thereof, stating that the
      Option or portion thereof is thereby exercised, such notice complying with
      all applicable rules established by the Committee;

            (b) Full payment (in cash, by check or by a combination thereof) for
      the shares with respect to which such Option or portion thereof is
      exercised;

            (c) A bona fide written representation and agreement, in a form
      satisfactory to the Committee, signed by the Optionee or other person then
      entitled to exercise such Option or portion thereof, stating that the
      shares of stock are being acquired for his own account, for investment and
      without any present intention of distributing or reselling said shares or
      any of them except as may be permitted under the Securities Act of 1933,
      as amended (the "Act"), and then applicable rules and regulations
      thereunder, and that the Optionee or other person then entitled to
      exercise such Option or portion thereof will indemnify the Company against
      and hold it free and harmless from any loss, damage, expense or liability
      resulting to the Company if any sale or distribution of the shares by such
      person is contrary to the representation and

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                                                                               8

      agreement referred to above; provided, however, that the Committee may, in
      its absolute discretion, take whatever additional actions it deems
      appropriate to ensure the observance and performance of such
      representation and agreement and to effect compliance with the Act and any
      other federal or state securities laws or regulations;

            (d) Full payment to the Company of all amounts which, under federal,
      state or local law, it is required to withhold upon exercise of the
      Option; and

            (e) In the event the Option or portion thereof shall be exercised
      pursuant to Section 4.1 by any person or persons other than the Optionee,
      appropriate proof of the right of such person or persons to exercise the
      option.

Without limiting the generality of the foregoing, the Committee may require an
opinion of counsel acceptable to it to the effect that any subsequent transfer
of shares acquired on exercise of an Option does not violate the Act, and may
issue stop-transfer orders covering such shares. Share certificates evidencing
stock issued on exercise of this Option shall bear an appropriate legend
referring to the provisions of subsection (c) above and the agreements herein.
The written representation and agreement referred to in subsection (c) above
shall, however, not be required if the shares to be issued pursuant to such
exercise have been registered under the Act, and such registration is then
effective in respect of such shares.

Section 4.4 - Conditions to Issuance of Stock Certificates

            The shares of stock deliverable upon the exercise of an Option, or
any portion thereof, may be either previously authorized but unissued shares or
issued shares which have then been reacquired by the Company. Such shares shall
be fully paid and nonassessable. The Company shall not be required to issue or
deliver any certificate or certificates for shares of stock purchased upon the
exercise of an Option or portion thereof prior to fulfillment of all of the
following conditions:

            (a) The obtaining of approval or other clearance from any state or
      federal governmental agency which the Committee shall, in its absolute
      discretion, determine to be necessary or desirable; and

            (b) The lapse of such reasonable period of time following the
      exercise of the Option as the Committee may from time to time establish
      for reasons of administrative convenience.

Section 4.5 - Rights as Stockholder

            The holder of an Option shall not be, nor have any of the rights or
privileges of, a stockholder of the Company in respect of any shares purchasable
upon the exercise of the Option or any portion thereof unless and until
certificates representing such shares shall have been issued by the Company to
such holder.

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                                    ARTICLE V

                                  MISCELLANEOUS

Section 5.1 - Administration

            The Committee shall have the power to interpret the Plan and this
Agreement and to adopt such rules for the administration, interpretation and
application of the Plan as are consistent therewith and to interpret or revoke
any such rules. All actions taken and all interpretations and determinations
made by the Committee shall be final and binding upon the Optionee, the Company
and all other interested persons. No member of the Committee shall be personally
liable for any action, determination or interpretation made in good faith with
respect to the Plan or the Options. In its absolute discretion, the Board of
Directors may at any time and from time to time exercise any and all rights and
duties of the Committee under the Plan and this Agreement.

Section 5.2 - Options Not Transferable

            Except as provided in the Management Stockholder's Agreement,
neither the Options nor any interest or right therein or part thereof shall be
liable for the debts, contracts or engagements of the Optionee or his successors
in interest or shall be subject to disposition by transfer, alienation,
anticipation, pledge, encumbrance, assignment or any other means whether such
disposition be voluntary or involuntary or by operation of law by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings
(including bankruptcy), and any attempted disposition thereof shall be null and
void and of no effect; provided, however, that this Section 5.2 shall not
prevent transfers made solely for estate planning purposes or by will or by the
applicable laws of descent and distribution.

Section 5.3 - Shares to Be Reserved

            The Company shall at all times during the term of the Options
reserve and keep available such number of shares of stock as will be sufficient
to satisfy the requirements of this Agreement.

Section 5.4 - Notices

            Any notice to be given under the terms of this Agreement to the
Company shall be addressed to the Company in care of its Secretary, and any
notice to be given to the Optionee shall be addressed to him at the address
given beneath his signature hereto. By a notice given pursuant to this Section
5.4, either party may hereafter designate a different address for notices to be
given to him. Any notice which is required to be given to the Optionee shall, if
the Optionee is then deceased, be given to the Optionee's personal
representative if such representative has previously informed the Company of his
status and address by written notice under this Section 5.4. Any notice shall
have been deemed duly

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given when enclosed in a properly sealed envelope or wrapper addressed as
aforesaid, deposited (with postage prepaid) in a post office or branch post
office regularly maintained by the United States Postal Service.

Section 5.5 - Titles

            Titles are provided herein for convenience only and are not to serve
as a basis for interpretation or construction of this Agreement.

Section 5.6 - Applicability of Plan and Management Stockholder's Agreement

            The Options and the shares of Common Stock issued to the Optionee
upon exercise of the Options shall be subject to all of the terms and provisions
of the Plan and the Management Stockholder's Agreement, to the extent applicable
to the Options and such shares. In the event of any conflict between this
Agreement and the Plan, the terms of the Plan shall control. In the event of any
conflict between this Agreement or the Plan and the Management Stockholder's
Agreement, the terms of the Management Stockholder's Agreement shall control.

Section 5.7 - Amendment

            This Agreement may be amended only by a writing executed by the
parties hereto which specifically states that it is amending this Agreement.

Section 5.8 - Governing Law

            The laws of the State of Delaware (or if the Company reincorporates
in another state, the laws of that state) shall govern the interpretation,
validity and performance of the terms of this Agreement regardless of the law
that might be applied under principles of conflicts of laws.

Section 5.9 - Jurisdiction

            Any suit, action or proceeding against the Optionee with respect to
this Agreement, or any judgment entered by any court in respect of any thereof,
may be brought in any court of competent jurisdiction in the State of Delaware
(or if the Company reincorporates in another state, in that state) or New York,
as the Company may elect in its sole discretion, and the Optionee hereby submits
to the non-exclusive jurisdiction of such courts for the purpose of any such
suit, action, proceeding or judgment. The Optionee hereby irrevocably waives any
objections which he may now or hereafter have to the laying of the venue of any
suit, action or proceeding arising out of or relating to this Agreement brought
in any court of competent jurisdiction in the State of Delaware (or if the
Company reincorporates in another state, in that state) or New York, and hereby
further irrevocably waives any claim that any such suit, action or proceeding
brought in any such court has been brought in any inconvenient

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forum. No suit, action or proceeding against the Company with respect to this
Agreement may be brought in any court, domestic or foreign, or before any
similar domestic or foreign authority other than in a court of competent
jurisdiction in the State of Delaware (or if the Company reincorporates in
another state, in that state) or New York, and the Optionee hereby irrevocably
waives any right which he may otherwise have had to bring such an action in any
other court, domestic or foreign, or before any similar domestic or foreign
authority. The Company hereby submits to the jurisdiction of such courts for the
purpose of any such suit, action or proceeding.

Section 5.10 - Counterparts

            This Agreement may be signed in two or more counterparts, each of
which will be deemed an original.

<PAGE>

            IN WITNESS WHEREOF, this Agreement has been executed and delivered
by the parties hereto.

                                       EVENFLO COMPANY, INC.

                                       By_______________________________________
                                       Name:
                                       Title:

                                       Aggregate number of shares of Common
                                       Stock subject to the Option granted
__________________________________     hereunder subject to (100% of total
        Optionee Name (Print)          number of shares):

                                       ________________

__________________________________
         Optionee Signature

__________________________________

__________________________________
         Optionee's Address

Optionee's Taxpayer
Identification Number:

________________________FORM OF SALE PARTICIPATION AGREEMENT

                                                           March __, 2000

To: The Person whose name
      and address are set forth
      on the signature page hereof

Dear Sir or Madam:

            You have entered into a Management Stockholder's Agreement, dated as
of the date hereof between Evenflo Company, Inc., a Delaware corporation (the
"Company"), and you (the "Stockholder's Agreement") relating to your ownership
and/or purchase of shares of the Class A Common Stock, par value $1.00 per
share, of the Company (the "Common Stock"). All capitalized terms used and not
defined herein shall have the meanings ascribed to them in the Stockholder's
Agreement. The "Investors," which term includes the KKR 1996 Fund, L.P. and its
affiliates, also have purchased shares of Common Stock and hereby agree with you
as follows, effective upon such purchase of Common Stock by you:

            1. In the event that at any time the Investors (each, a "Selling
Party" and collectively, the "Selling Parties"), propose to sell for cash or any
other consideration any shares of Common Stock owned by them, in any transaction
other than a Public Offering (as defined in the Stockholder's Agreement) or a
sale to an affiliate of an Investor or a partner, executive or employee of
Kohlberg Kravis Roberts & Co. L.P. or an affiliate thereof who agrees in writing
to be bound by the provisions hereof (it being understood that if Common Stock
owned by an Investor is pledged to a financial institution as collateral for a
bona fide loan and such Common Stock is transferred to such financial
institution pursuant to the terms of the definitive agreements evidencing such
loan and pledge, such transfer shall not constitute a Proposed Sale hereunder),
the Investors will notify you or your Purchaser's Estate or Purchaser's Trust
(as such terms are defined in Section 2 of the Stockholder's Agreement), as the
case may be, in writing (a "Notice") of such proposed sale (a "Proposed Sale")
and the material terms of the Proposed Sale as of the date of the Notice (the
"Material Terms") promptly, and in any event not less than 15 days prior to the
consummation of the Proposed Sale and not more than 5 days after the execution
of the definitive agreement relating to the Proposed Sale, if any (the "Sale
Agreement"). If within 10 days of your or your Purchaser's Estate's or
Purchaser's Trust's, as the case may be, receipt of such Notice, the Selling
Party receives from you or your Purchaser's Estate or Purchaser's Trust, as the
case may be, a written request (a "Request") to include Common Stock held
pursuant to the Stockholder's Agreement by you or your Purchaser's Estate or
Purchaser's Trust, as the case may be, in the Proposed Sale (which Request shall
be irrevocable unless (a) there shall be a material adverse change in the
Material Terms or (b) if otherwise mutually agreed to in writing by you or your
Purchaser's Estate or Purchaser's Trust, as the case may be, and the Selling
Party), the

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Common Stock so held by you will be so included as provided herein; provided
that only one Request, which shall be executed by you or your Purchaser's Estate
or Purchaser's Trust, as the case may be, may be delivered with respect to any
Proposed Sale for all Common Stock held by you or your Purchaser's Estate or
Purchaser's Trust. Promptly after the consummation of the transactions
contemplated thereby, the Selling Party will furnish you, your Purchaser's Trust
or your Purchaser's Estate, as the case may be, with a copy of the Sale
Agreement, if any.

            2. The number of shares of Common Stock which you or your
Purchaser's Estate or Purchaser's Trust, as the case may be, will be permitted
to include in a Proposed Sale pursuant to a Request will be (i) the product of
(A) the number of shares of Common Stock then owned by you or your Purchaser's
Estate or Purchaser's Trust, as the case may be, plus all shares of Common Stock
which you are then entitled to acquire under an unexercised Option (as defined
in the Stockholder's Agreement) to purchase shares of Common Stock, to the
extent such Option is then vested or would become vested as a result of the
consummation of the Proposed Sale by the Investors and (B) the Percentage (as
defined in the Stockholder's Agreement), multiplied by (ii) the quotient
determined by dividing (1) the aggregate number of shares of Common Stock
proposed to be sold in the Proposed Sale by (2) the sum of (x) the aggregate
number of shares of Common Stock owned by all parties who have rights pursuant
to this Agreement and (y) the aggregate number of shares of Common Stock held by
the Investors. If one or more holders of shares of Common Stock who have been
granted the same rights granted to you or your Purchaser's Estate or Purchaser's
Trust, as the case may be, hereunder elect not to include the maximum number of
shares of Common Stock which such holders would have been permitted to include
in a Proposed Sale (the "Eligible Shares"), the Investors, or such remaining
holders of shares of Common Stock, or any of them, may sell in the Proposed Sale
a number of additional shares of Common Stock owned by any of them equal to
their pro rata portion of the number of Eligible Shares not included in the
Proposed Sale, based on the relative number of shares of Common Stock then held
by each such holder, and such additional shares of Common Stock which any such
holder or holders propose to sell shall not be included in any calculation made
pursuant to the first sentence of this Paragraph 2 for the purpose of
determining the number of shares of Common Stock which you or your Purchaser's
Estate or Purchaser's Trust, as the case may be, will be permitted to include in
a Proposed Sale. The Investors may sell in the Proposed Sale additional shares
of Common Stock owned by any of them equal to any remaining Eligible Shares
which will not be included in the Proposed Sale pursuant to the foregoing.

            3. If the Investors receive an offer from a person to purchase in a
Proposed Sale (a) at least a majority of the shares of Common Stock then
outstanding or (b) all or substantially all of the shares of Common Stock owned
by the Investors, and such offer is accepted by the Investors, then each of you,
your Purchaser's Estate and your Purchaser's Trust hereby agrees that, if
requested by the Investors (a "KKR Request"), you, your Purchaser's Estate and
your Purchaser's Trust will sell in such Proposed Sale on the same terms and
conditions (including, without limitation, time of payment and form of
consideration) as to be paid and given to the Investors, the number of shares of
Common Stock equal to the number of shares of Common Stock

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owned by you, your Purchaser's Estate and your Purchaser's Trust multiplied by
(x) in the case of a Proposed Sale described in clause (a) above, the percentage
of the then outstanding shares of Common Stock to which the Proposed Sale is
applicable or (y) in the case of a Proposed Sale described in clause (b) above,
the percentage of the shares of Common Stock owned by the Investors to which the
Proposed Sale is applicable.

            4. (a) Except as may otherwise be provided herein, shares of Common
Stock subject to a Request will be included in a Proposed Sale pursuant hereto
and in any agreements with purchasers relating thereto on the same terms and
subject to the same conditions applicable to the shares of Common Stock which
the Selling Party proposes to sell in the Proposed Sale. Such terms and
conditions shall include, without limitation: the sale price; the payment of
fees, commissions and expenses; the provision of, and representation and
warranty as to, information requested by the Selling Party; and the provision of
requisite indemnifications; provided that any indemnification provided by you,
your Purchaser's Estate or your Purchaser's Trust shall be pro rata in
proportion with the number of shares of Common Stock to be sold.

            (b) In the event of a transaction (such as a merger or
consolidation) involving the Company which results in a change of control
transaction but is not a Proposed Sale (a "Proposed Transaction"), you agree on
behalf of yourself, your Purchaser's Estate and your Purchaser's Trust to bear
your pro rata share of any fees, commissions, adjustments to purchase price,
expenses or indemnities borne by the Investors.

            (c) Your pro rata share of any amount pursuant to Paragraphs 4(a)
and (b) shall be based upon the number of shares of Common Stock owned by you,
your Purchaser's Estate and your Purchaser's Trust plus the number of shares of
Common Stock you would have the right to acquire under unexercised options which
are then vested or would become vested as a result of the Proposed Sale or
Proposed Transaction.

            (d) The Investors shall be entitled to estimate the amount of fees,
commissions, adjustments to purchase price, expenses or indemnities in
connection with any Proposed Sale or Proposed Transaction and to withhold a pro
rata share of such amounts from payments to be made to you, your Purchaser's
Estate and your Purchaser's Trust at the time of closing of such Proposed Sale
or Proposed Transaction; provided that, (i) such estimate shall not preclude the
Investors from recovering additional amounts from you, your Purchaser's Estate
and your Purchaser's Trust in respect of such fees, commissions, adjustments to
purchase price, expenses or indemnities and (ii) the Investors shall reimburse
you, your Purchaser's Estate and your Purchaser's Trust to the extent actual
amounts are ultimately less than the estimated amounts.

            5. Upon delivering a Request, you or your Purchaser's Estate or
Purchaser's Trust, as the case may be, will, if requested by the Selling Party,
execute and deliver a custody agreement and power of attorney in form and
substance satisfactory to the Selling

<PAGE>
                                                                               4

Party with respect to the shares of Common Stock which are to be sold by you or
your Purchaser's Estate or Purchaser's Trust, as the case may be, pursuant
hereto (a "Custody Agreement and Power of Attorney"). The Custody Agreement and
Power of Attorney will provide, among other things, that you or your Purchaser's
Estate or Purchaser's Trust, as the case may be, will deliver to and deposit in
custody with the custodian and attorney-in-fact named therein a certificate or
certificates representing such shares of Common Stock (duly endorsed in blank by
the registered owner or owners thereof) and irrevocably appoint said custodian
and attorney-in-fact as your or your Purchaser's Estate's or Purchaser's
Trust's, as the case may be, agent and attorney-in-fact with full power and
authority to act under the Custody Agreement and Power of Attorney on your or
your Purchaser's Estate's or Purchaser's Trust's, as the case may be, behalf
with respect to the matters specified therein.

            6. Your or your Purchaser's Estate's or Purchaser's Trust's, as the
case may be, right pursuant hereto to participate in a Proposed Sale shall be
contingent on your or your Purchaser's Estate's or Purchaser's Trust's, as the
case may be, strict compliance with each of the provisions hereof and your or
your Purchaser's Estate's or Purchaser's Trust's, as the case may be,
willingness to execute such documents in connection therewith as may be
reasonably requested by the Selling Party.

            7. The obligations of the Investors hereunder shall extend only to
you or your Purchaser's Estate or Purchaser's Trust, as the case may be, and no
other of your or your Purchaser's Estate's or Purchaser's Trust's, as the case
may be, successors or assigns shall have any rights pursuant hereto. The
provisions of this Agreement shall apply, to the full extent set forth herein
with respect to the Common Stock, to any and all shares of capital stock which
may be issued in respect of, in exchange for, or substitution of the Common
Stock, by reason of any stock dividend, split, reverse split, combination,
recapitalization, liquidation, reclassification, merger, consolidation or
otherwise.

            8. This Agreement shall terminate and be of no further force and
effect on the fifth anniversary of the first occurrence of a Public Offering (as
defined in the Stockholder's Agreement).

            9. All notices and other communications provided for herein shall be
in writing and shall be deemed to have been duly given when delivered to the
party to whom it is directed:

            (a)   If to the Investors to it at the following address:

                      c/o Kohlberg Kravis Roberts & Co.
                      9 West 57th Street
                      Suite 4200
                      New York, New York  10019
                      Attn:  Marc Lipschultz

<PAGE>
                                                                               5

            with a copy to:

                      Simpson Thacher & Bartlett
                      425 Lexington Avenue
                      New York, New York  10017
                      Attn:  Arthur Robinson, Esq.

            (b)   If to you, at the address set forth on the signature page
                  hereof;

            (c)   If to your Purchaser's Estate or Purchaser's Trust, at the
                  address provided to such parties by such entity;

or at such other address as any of the above shall have specified by notice in
writing delivered to the others by certified mail, overnight delivery or
telecopy.

            10. The laws of the State of New York shall govern the
interpretation, validity and performance of the terms of this Agreement. No
suit, action or proceeding with respect to this Agreement may be brought in any
court or before any similar authority other than in a court of competent
jurisdiction in the State of New York, as the Selling Parties may elect in their
sole discretion, and you hereby submit to the non-exclusive jurisdiction of such
courts for the purpose of such suit, proceeding or judgment. You hereby
irrevocably waive any right which you may have had to bring such an action in
any other court, domestic or foreign, or before any similar domestic or foreign
authority. You hereby irrevocably and unconditionally waive trial by jury in any
legal action or proceeding in relation to this Agreement and for any
counterclaim therein.

            11. Notwithstanding any other provision of this Agreement, none of
the officers or directors of KKR or any general partner, limited partner or
member of any affiliate or future general or limited partner or member of any
affiliate of KKR, shall have any personal liability for performance of any
obligation of such entity under this Agreement.

            12. If KKR 1996 Fund, L.P. or [     ] transfers its interest in the
Company to an affiliate, such affiliate shall assume the obligations hereunder
of KKR 1996 Fund, L.P. or [     ], as the case may be.

            It is the understanding of the undersigned that you are aware that
no Proposed Sale presently is contemplated and that such a sale may never occur.

            If the foregoing accurately sets forth our agreement, please
acknowledge your acceptance thereof in the space provided below for that
purpose.

                                       Very truly yours,

<PAGE>
                                                                               6

                                       THE INVESTORS:

                                       KKR 1996 FUND L.P.

                                       By: KKR Associates 1996 L.P., its general
                                           partner

                                       By: KKR 1996 GP LLC, its general partner

                                       By: _____________________________________
                                           Name: Marc Lipschultz

                                       [                   ]

                                       By: _____________________________________
                                           Name:

Accepted and agreed to:

By: ___________________________

    ___________________________
              Address

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