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                                                                   Exhibit 10.53

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                          REGISTRATION RIGHTS AGREEMENT

                          DATED AS OF NOVEMBER __, 2001

                                      AMONG

                              DJ ORTHOPEDICS, INC.

                                AND THE INVESTORS
                                  PARTY HERETO

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                                TABLE OF CONTENTS

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<S>                                                                                                             <C>
SECTION 1.  DEFINITIONS............................................................................................1

SECTION 2.  DEMAND REGISTRATION....................................................................................3

SECTION 3.  REGISTRATIONS ON FORM S-3..............................................................................5

SECTION 4.  PIGGYBACK REGISTRATION.................................................................................6

SECTION 5.  HOLDBACK AGREEMENT.....................................................................................7

SECTION 6.  PREPARATION AND FILING.................................................................................7

SECTION 7.  EXPENSES..............................................................................................11

SECTION 8.  INDEMNIFICATION.......................................................................................11

SECTION 9.  UNDERWRITING AGREEMENT................................................................................14

SECTION 10. SUSPENSION............................................................................................14

SECTION 11. INFORMATION BY HOLDER.................................................................................15

SECTION 12. EXCHANGE ACT COMPLIANCE...............................................................................15

SECTION 13. NO CONFLICT OF RIGHTS.................................................................................15

SECTION 14. TERMINATION...........................................................................................15

SECTION 15. SUCCESSORS AND ASSIGNS................................................................................15

SECTION 16. ASSIGNMENT............................................................................................15

SECTION 17. LEGEND ON CERTIFICATES; NEW CERTIFICATES..............................................................16

SECTION 18. ENTIRE AGREEMENT......................................................................................16

SECTION 19. NOTICES...............................................................................................16

SECTION 20. MODIFICATIONS; AMENDMENTS; WAIVERS....................................................................17

SECTION 21. SEVERABILITY..........................................................................................17

SECTION 22. GOVERNING LAW.........................................................................................18

SECTION 23. HEADINGS..............................................................................................18

SECTION 24. COUNTERPARTS; FACSIMILE SIGNATURES....................................................................18

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                                           [FORM OF] REGISTRATION RIGHTS
                                       AGREEMENT, dated as of __________, 2001,
                                       among DJ ORTHOPEDICS, INC., a Delaware
                                       corporation (the "CORPORATION"), and the
                                       INVESTORS (as herein defined).

         The Investors previously held common units or preferred units of
DonJoy, L.L.C., a Delaware limited liability company ("DONJOY"). Pursuant to an
Agreement and Plan of Merger (the "MERGER AGREEMENT"), dated as of November __,
2001, by and among the Corporation, DJ Acquisition Corporation, a wholly owned
subsidiary of the Corporation (the "MERGER SUBSIDIARY"), and DonJoy, the Merger
Subsidiary was merged with and into DonJoy, with DonJoy being the surviving
entity. In exchange for the common units and preferred units of DonJoy, the
Investors received shares of common stock, $.01 par value per share of the
Corporation (the "COMMON STOCK") and certain other consideration as specified in
the Merger Agreement. The Corporation and the Investors deem it to be in their
respective best interests to set forth the rights of the Investors in connection
with public offerings and sales of the Common Stock.

         NOW, THEREFORE, in consideration of the premises and mutual covenants
and obligations hereinafter set forth, the Corporation and the Investors hereby
agree as follows:

         SECTION 1. DEFINITIONS.

         As used in this Agreement, the following terms shall have the following
meanings:

         "BOARD" means the board of directors of the Corporation.

         "COMMISSION" means the Securities and Exchange Commission or any other
Federal agency at the time administering the Securities Act.

         "COMMON STOCK" has the meaning ascribed to it in the preamble to this
Agreement.

         "CORPORATION" has the meaning ascribed to it in the caption to this
Agreement.

         "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended,
or any successor Federal statute, and the rules and regulations of the
Commission promulgated thereunder, all as the same shall be in effect from time
to time.

         "INSTITUTIONAL INVESTORS" means those Investors listed on SCHEDULE II
hereto and includes any successor to, or assignee or transferee of, any such
person who or which acquires Registrable Shares in accordance with SECTION 16
hereof and agrees in writing to be treated as an Institutional Investor
hereunder and to be bound by the terms and comply with all applicable provisions
hereof and executes a counterpart signature page hereto.

         "INVESTORS" means the persons set forth on the signature pages hereof
and includes any successor to, or assignee or transferee of, any such person who
or which acquires Registrable Shares in accordance with SECTION 16 hereof and
agrees in writing to be treated as an Investor

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hereunder and to be bound by the terms and comply with all applicable provisions
hereof and executes a counterpart signature page hereto.

         "INVESTORS' COUNSEL" has the meaning ascribed to it in SECTION
6(a)(ii).

         "JPM DJ" means J.P. Morgan DJ Partners, LLC.

         "MATERIAL TRANSACTION" shall mean any transaction in which the
Corporation or any of its subsidiaries proposes to engage or is engaged,
including a purchase or sale of assets or securities, financing, merger,
consolidation, tender offer or any other transaction that would require
disclosure pursuant to the Exchange Act, and with respect to which the Board
reasonably has determined in good faith that compliance with this Agreement may
reasonably be expected to either materially interfere with the Corporation's or
such subsidiary's ability to consummate such transaction in a timely fashion or
require the Corporation to disclose material, non-public information prior to
such time as it would otherwise be required to be disclosed.

         "MERGER AGREEMENT" has the meaning ascribed to it in the preamble to
this Agreement.

         "OTHER SHARES" means at any time those shares of Common Stock which do
not constitute Primary Shares or Registrable Shares.

         "PRIMARY SHARES" means at any time the authorized but unissued shares
of Common Stock and shares of Common Stock held by the Corporation in its
treasury.

         "PROSPECTUS" shall mean the prospectus included in a Registration
Statement, including any prospectus subject to completion, and any such
prospectus as amended or supplemented by any prospectus supplement with respect
to the terms of the offering of any portion of the Registrable Shares and, in
each case, by all other amendments and supplements to such prospectus, including
post-effective amendments, and in each case including all material incorporated
by reference therein.

         "REGISTRABLE SHARES" means at any time, with respect to any Investor,
the shares of Common Stock held by such Investor which constitute Restricted
Shares.

         "REGISTRATION DATE" means the date of the final Prospectus included in
the Registration Statement pursuant to which the Corporation shall have
initially registered shares of Common Stock under the Securities Act for sale to
the public.

         "REGISTRATION STATEMENT" shall mean any registration statement of the
Corporation which covers any of the Registrable Shares, and all amendments and
supplements to any such Registration Statement, including post-effective
amendments, in each case including the Prospectus contained therein, all
exhibits thereto and all material incorporated by reference therein.

         "RESTRICTED SHARES" means with respect to any Investor (i) shares of
Common Stock issued by the Corporation to such Investor pursuant to the Merger
Agreement as set forth opposite the name of such Investor on SCHEDULE I, (ii)
any other shares of Common Stock beneficially owned by such Investor which such
Investor may be limited by Rule 144(b) from

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selling absent compliance with Rule 144 and (iii) any other securities received
by such Investor in respect thereof. As to any particular Restricted Shares,
such Restricted Shares shall cease to be Restricted Shares when (i) they have
been registered under the Securities Act, the Registration Statement in
connection therewith has been declared effective and they have been disposed of
pursuant to such effective Registration Statement, (ii) they have been sold in
accordance with Rule 144 or are eligible for sale pursuant to Rule 144(k), or
(iii) they shall have ceased to be outstanding.

         "RULE 144" means Rule 144 promulgated under the Securities Act or any
successor rule thereto or any complementary rule thereto.

         "SECURITIES ACT" means the Securities Act of 1933, as amended, or any
successor Federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect from time to time.

         SECTION 2. DEMAND REGISTRATION.

                  (a)      At any time after the date which is 180 days
         following the Registration Date, if JPM DJ shall state in writing that
         it desires to sell Registrable Shares in the public securities markets
         and requests the Corporation to effect the registration under the
         Securities Act of Registrable Shares, the Corporation shall within 10
         days of such request give written notice of such proposed registration
         to all holders of Registrable Shares and shall offer to include in such
         proposed registration only Registrable Shares requested to be included
         in such proposed registration by such holders who respond in writing to
         the Corporation within thirty (30) days after delivery of such notice
         (which request shall specify the number of Registrable Shares proposed
         to be included in such registration). The Corporation shall, subject to
         SECTION 2(b) below, promptly thereafter use its best efforts to effect
         such registration under the Securities Act of the Registrable Shares
         which the Corporation has been so requested to register for sale in
         accordance with the method of distribution specified in the initiating
         request. If JPM DJ so elects, the offering of such Registrable Shares
         pursuant to such registration shall be in the form of an underwritten
         offering in which case JPM DJ shall select one or more nationally
         recognized firms of investment bankers reasonably acceptable to the
         Corporation to act as the lead managing underwriter or underwriters in
         connection with such offering and shall select any additional
         investment bankers and managers to be used in connection with the
         offering.

                  (b)      Anything contained in SECTION 2(a) to the contrary
         notwithstanding, the Corporation shall not be obligated to effect
         pursuant to SECTION 2(a) any registration under the Securities Act
         except in accordance with the following provisions:

                           (i)      the Corporation shall not be obligated to
         use its best efforts to file and cause to become effective (A) more
         than three Registration Statements initiated pursuant to SECTION 2(a);
         PROVIDED HOWEVER, that if JPM DJ is unable to sell at least 75% of the
         Registrable Shares requested to be included in a registration pursuant
         to SECTION 2(a) as a result of an underwriter's cutback, then JPM DJ
         shall be entitled to an additional demand registration pursuant to this
         SECTION 2(b)(i), or (B) any Registration Statement during any period in
         which any other Registration

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         Statement (other than on Form S-4 or Form S-8 promulgated under the
         Securities Act or any successor forms thereto) pursuant to which
         Primary Shares are to be or were sold has been filed and not withdrawn
         or has been declared effective within the prior 180 days;

                           (ii)     the Corporation may delay the filing or
         effectiveness of any Registration Statement pursuant to SECTION 2(a)
         for a period of up to 90 days after the date on which the Corporation
         gives notice to the Investors pursuant to this SECTION 2(b)(ii) if at
         the time of such notice (i) the Corporation is engaged, or has fixed
         plans to engage within 90 days of the time of such notice, in a firm
         commitment underwritten public offering of Primary Shares in which JPM
         DJ may include Registrable Shares pursuant to SECTION 4, or (ii) the
         Board reasonably determines that such registration and offering would
         interfere with any Material Transaction involving the Corporation;
         PROVIDED, HOWEVER, that the Corporation may only delay the filing or
         effectiveness of a Registration Statement pursuant to this SECTION 2(b)
         for a total of 180 days after the date of a request for registration
         pursuant to SECTION 2(a); and

                           (iii)    with respect to any registration pursuant to
         SECTION 2(a), the Corporation may include in such registration any
         Primary Shares or Other Shares; PROVIDED, HOWEVER, that if the managing
         underwriter advises the Corporation that the inclusion of all
         Registrable Shares, Primary Shares and Other Shares proposed to be
         included in such registration would interfere with the successful
         marketing (including pricing) of all such securities, then the number
         of Registrable Shares, Primary Shares and Other Shares proposed to be
         included in such registration shall be included in the following order:

                                    (A)      FIRST, the Registrable Shares held
                  by the Investors requesting that their Registrable Shares be
                  included in such registration initiated pursuant to SECTION
                  2(a) (or, if necessary, such Registrable Shares PRO RATA among
                  the holders thereof based upon the number of Registrable
                  Shares requested to be registered by each such holder);

                                    (B)      SECOND, the Primary Shares; and

                                    (C)      THIRD, the Other Shares (or, if
                  necessary, such Other Shares PRO RATA among the holders
                  thereof based upon the number of Other Shares requested to be
                  registered by each such holder).

                  (c)      A requested registration under this SECTION 2 may be
rescinded prior to such registration being declared effective by the Commission
by written notice to the Corporation from JPM DJ; PROVIDED, HOWEVER, that the
requested registration which has been rescinded shall count as a demand
registration for purposes of SECTION 2(b)(i) unless the request for withdrawal
shall have been the result of, or made in response to, a material adverse change
or event on the business, properties, condition (financial or otherwise), or
operations of the Corporation.

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         SECTION 3. REGISTRATIONS ON FORM S-3.

                  (a)      Anything contained in SECTION 2 to the contrary
         notwithstanding but subject to SECTION 3(b), at such time after the
         date which is 180 days following the Registration Date as the
         Corporation shall have qualified for the use of Form S-3 promulgated
         under the Securities Act or any successor form thereto, the
         Institutional Investors shall have the right to request in writing an
         unlimited number of registrations of Registrable Shares on Form S-3 or
         such successor form of Registrable Shares. If the Corporation shall be
         requested by the Institutional Investors to effect a registration under
         the Securities Act of Registrable Shares in accordance with this
         SECTION 3, then the Corporation shall promptly give written notice of
         such proposed registration to all holders of Registrable Shares and
         shall offer to include in such proposed registration any Registrable
         Shares requested to be included in such proposed registration by such
         holders who respond in writing to the Corporation's notice within 30
         days after delivery of such notice (which response shall specify the
         number of Registrable Shares proposed to be included in such
         registration). The Corporation shall promptly use its best efforts to
         effect such registration on Form S-3 of the Registrable Shares which
         the Corporation has been so requested to register.

                  (b)      The Corporation shall not be obligated to effect any
         registration under the Securities Act requested by the Institutional
         Investors under SECTION 3(a) except in accordance with the following
         provisions:

                           (i)      the Corporation shall not be obligated to
                  effect any such registration initiated pursuant to SECTION
                  3(a) if (A) the Corporation shall reasonably conclude that the
                  anticipated gross offering price of all Registrable Shares to
                  be included therein would be less than $2,000,000, (B) such
                  registration is requested within six (6) months after a
                  registered offering of the Corporation in which any of the
                  Institutional Investors were given the opportunity to
                  participate or (C) the Corporation shall have effected two or
                  more Registration Statements on Form S-3 pursuant to this
                  SECTION 3 during the preceding 12-month period;

                           (ii)     the Corporation may delay the filing or
                  effectiveness of any Registration Statement pursuant to
                  SECTION 3(a) for a period of up to 90 days after the date on
                  which the Corporation gives notice to the Institutional
                  Investors pursuant to this SECTION 3(b)(ii) if at the time of
                  such notice (i) the Corporation is engaged, or has fixed plans
                  to engage within 90 days of the time of such notice, in a firm
                  commitment underwritten public offering of Primary Shares in
                  which the Institutional Investors may include Registrable
                  Shares pursuant to SECTION 4, or (ii) the Board reasonably
                  determines that such registration and offering would interfere
                  with any Material Transaction involving the Corporation;
                  PROVIDED, HOWEVER, that the Corporation may only delay the
                  filing or effectiveness of a Registration Statement pursuant
                  to this SECTION 3(b) for a total of 180 days after the date of
                  a request for registration pursuant to SECTION 3(a); and

                           (iii)    with respect to any registration pursuant to
                  SECTION 3(a), the Corporation may include in such registration
                  any Primary Shares or Other Shares; PROVIDED, HOWEVER, that if
                  the managing underwriter advises the Corporation that

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                  the inclusion of all Registrable Shares, Primary Shares and
                  Other Shares proposed to be included in such registration
                  would interfere with the successful marketing (including
                  pricing) of all such securities, then the number of
                  Registrable Shares, Primary Shares and Other Shares proposed
                  to be included in such registration shall be included in the
                  following order:

                                    (A)      FIRST, the Registrable Shares held
                  by the Institutional Investors requesting that their
                  Registrable Shares be included in such registration initiated
                  pursuant to SECTION 3(A) (or, if necessary, such Registrable
                  Shares PRO RATA among the holders thereof based upon the
                  number of Registrable Shares requested to be registered by
                  each such holder);

                                    (B)      SECOND, the Primary Shares;

                                    (C)      THIRD, the Registrable Shares held
                  by the Investors other than the Institutional Investors (or,
                  if necessary, such Registrable Shares PRO RATA among the
                  holders thereof based upon the number of Registrable Shares
                  requested to be registered by each such holder); and

                                    (D)      FOURTH, the Other Shares (or, if
                  necessary, such Other Shares PRO RATA among the holders
                  thereof based upon the number of Other Shares requested to be
                  registered by each such holder).

                  (c)      A requested registration on Form S-3 or any such
         successor form in compliance with this SECTION 3 shall not count as a
         Registration Statement initiated pursuant to SECTION 2.

         SECTION 4. PIGGYBACK REGISTRATION.

         If the Corporation at any time proposes for any reason to register
Primary Shares or Other Shares under the Securities Act (other than on Form S-4
or Form S-8 promulgated under the Securities Act or any successor forms
thereto), it shall give written notice to the Investors of its intention to so
register such Primary Shares or Other Shares at least thirty (30) days before
the initial filing of such Registration Statement (which notice shall specify
the form and manner and other relevant facts involved in such registration,
including the proposed manner of sale and estimated price) and, upon the written
request, delivered to the Corporation within thirty (30) days after delivery of
any such notice by the Corporation, of the Investors to include in such
registration Registrable Shares (which request shall specify the number of
Registrable Shares proposed to be included in such registration and shall state
that such Investors desire to sell such Registrable Shares in the public
securities markets), the Corporation shall use its best efforts to cause all
such Registrable Shares to be included in such registration on the same terms
and conditions as the securities otherwise being sold in such registration;
PROVIDED, HOWEVER, that if the managing underwriter advises the Corporation that
the inclusion of all Registrable Shares requested to be included in such
registration would interfere with the successful marketing (including pricing)
of the Primary Shares or Other Shares proposed to be registered by the

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Corporation, then the number of Primary Shares, Registrable Shares and Other
Shares proposed to be included in such registration shall be included in the
following order:

                  (a)      if the provisions of this SECTION 4 are invoked as a
         result of the Corporation's registration of Primary Shares, the order
         shall be as follows:

                           (i)      FIRST, the Primary Shares;

                           (ii)     SECOND, the Registrable Shares requested to
                  be included in such registration (or, if necessary, such
                  Registrable Shares PRO RATA among the holders thereof based
                  upon the number of Registrable Shares requested to be
                  registered by each such holder); and

                           (iii)    THIRD, the Other Shares requested to be
                  included in such registration (or, if necessary, such Other
                  Shares PRO RATA among the holders thereof based upon the
                  number of Other Shares requested to be registered by each such
                  holder).

                  (b)      if the provisions of this SECTION 4 are invoked as a
         result of the Corporation's registration of Other Shares, the order
         shall be as follows:

                           (i)      FIRST, the Other Shares and Registrable
                  Shares requested to be included in such registration (or, if
                  necessary, such Other Shares and Registrable Shares PRO RATA
                  among the holders thereof based upon the number of Other
                  Shares and Registrable Shares requested to be registered by
                  each such holder); and

                           (ii)     SECOND, the Primary Shares.

         SECTION 5. HOLDBACK AGREEMENT.

         If the Corporation at any time shall register shares of Common Stock
under the Securities Act (including any registration pursuant to SECTION 2,
SECTION 3 or SECTION 4 hereof) for sale to the public, the Investors shall not
sell publicly, make any short sale of, grant any option for the purchase of, or
otherwise dispose publicly of, any Registrable Shares (other than those shares
of Common Stock included in such registration pursuant to SECTION 2, SECTION 3
or SECTION 4 hereof) without the prior written consent of the Corporation, for a
period designated by the Corporation in writing to the Investors, which period
shall begin not more than 10 days prior to the effectiveness of the Registration
Statement pursuant to which such public offering shall be made and shall not
last more than 90 days after the effective date of such Registration Statement.
The Corporation shall obtain the agreement of any person permitted to sell
shares of stock in a registration to be bound by and to comply with this SECTION
5 as if such person were an Investor hereunder.

         SECTION 6. PREPARATION AND FILING.

                  (a)      If and whenever the Corporation is under an
         obligation pursuant to the provisions of this Agreement to use its best
         efforts to effect the registration of any Registrable Shares, the
         Corporation shall, as expeditiously as practicable:

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                           (i)      use its best efforts to cause a Registration
         Statement that registers such Registrable Shares to become and remain
         effective for a period of 180 days or until all of such Registrable
         Shares have been disposed of (if earlier);

                           (ii)     furnish, at least five business days before
         filing a Registration Statement that registers such Registrable Shares,
         a Prospectus relating thereto or any amendments or supplements relating
         to such Registration Statement or Prospectus, to one counsel selected
         by the Investors (the "INVESTORS' COUNSEL"), copies of all such
         documents proposed to be filed (it being understood that such
         five-business-day period need not apply to successive drafts of the
         same document proposed to be filed so long as such successive drafts
         are supplied to the Investors' Counsel in advance of the proposed
         filing by a period of time that is customary and reasonable under the
         circumstances);

                           (iii)    prepare and file with the Commission such
         amendments and supplements to such Registration Statement and the
         Prospectus used in connection therewith as may be necessary to keep
         such Registration Statement effective for at least a period of 180 days
         or until all of such Registrable Shares have been disposed of (if
         earlier) and to comply with the provisions of the Securities Act with
         respect to the sale or other disposition of such Registrable Shares;

                           (iv)     notify the Investors' Counsel promptly in
         writing (A) of the receipt by the Corporation of any notification with
         respect to any comments by the Commission with respect to such
         Registration Statement or Prospectus or any amendment or supplement
         thereto or any request by the Commission for the amending or
         supplementing thereof or for additional information with respect
         thereto, (B) of the receipt by the Corporation of any notification with
         respect to the issuance by the Commission of any stop order suspending
         the effectiveness of such Registration Statement or Prospectus or any
         amendment or supplement thereto or the initiation or threatening of any
         proceeding for that purpose and (C) of the receipt by the Corporation
         of any notification with respect to the suspension of the qualification
         of such Registrable Shares for sale in any jurisdiction or the
         initiation or threatening of any proceeding for such purposes, and, in
         each of the foregoing cases, such notice shall include a copy of the
         notification with respect to which the notice is being given;

                           (v)      use its best efforts to register or qualify
         such Registrable Shares under such other securities or blue sky laws of
         such jurisdictions as the Investors reasonably request and do any and
         all other acts and things which may be reasonably necessary or
         advisable to enable such seller of Registrable Shares to consummate the
         disposition in such jurisdictions of the Registrable Shares owned by
         such seller; PROVIDED, HOWEVER, that the Corporation will not be
         required to qualify generally to do business, subject itself to general
         taxation or consent to general service of process in any jurisdiction
         where it would not otherwise be required to do so but for this clause
         (v) or to provide any material undertaking or make any changes in its
         by-laws or certificate of incorporation which the Board

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         determines to be contrary to the best interests of the Corporation or
         to modify any of its contractual relationships then existing;

                           (vi)     furnish to the Investors holding such
         Registrable Shares such number of copies of a summary Prospectus, if
         any, or other Prospectus, including a preliminary Prospectus, in
         conformity with the requirements of the Securities Act, and such other
         documents as such seller of Registrable Shares may reasonably request
         in order to facilitate the public sale or other disposition of such
         Registrable Shares;

                           (vii)    without limiting clause (v) above, use its
         best efforts to cause such Registrable Shares to be registered with or
         approved by such other governmental agencies or authorities as may be
         necessary by virtue of the business and operations of the Corporation
         to enable the sellers holding such Registrable Shares to consummate the
         disposition of such Registrable Shares;

                           (viii)   notify on a timely basis each seller holding
         such Registrable Shares at any time when a Prospectus relating to such
         Registrable Shares is required to be delivered under the Securities
         Act, of the happening of any event as a result of which the Prospectus
         included in such Registration Statement, as then in effect, includes an
         untrue statement of a material fact or omits to state a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading in light of the circumstances then existing and,
         at the request of such seller, prepare and furnish to such sellers a
         reasonable number of copies of a supplement to or an amendment of such
         Prospectus as may be necessary so that, as thereafter delivered to the
         offerees of such shares, such Prospectus shall not include an untrue
         statement of a material fact or omit to state a material fact required
         to be stated therein or necessary to make the statements therein not
         misleading in light of the circumstances then existing;

                           (ix)     subject to the execution of confidentiality
         agreements in form and substance reasonably satisfactory to the
         Corporation, make available upon reasonable notice and during normal
         business hours, for inspection by any seller holding such Registrable
         Shares, any underwriter participating in any disposition pursuant to
         such Registration Statement and any attorney, accountant or other agent
         retained by any such seller or underwriter (collectively, the
         "INSPECTORS"), all pertinent financial and other records, pertinent
         corporate documents and properties of the Corporation (collectively,
         the "RECORDS"), as shall be reasonably necessary to enable them to
         exercise their due diligence responsibility, and cause the
         Corporation's officers, directors and employees to supply all
         information (together with the Records, the "INFORMATION") reasonably
         requested by any such Inspector in connection with such Registration
         Statement. Any of the Information which the Corporation determines in
         good faith to be confidential, and of which determination the
         Inspectors are so notified, shall not be disclosed by the Inspectors
         unless (A) the disclosure of such Information is necessary to avoid or
         correct a misstatement or omission in the Registration Statement, (B)
         the release of such Information is ordered pursuant to a subpoena or
         other order from a court

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         of competent jurisdiction or (C) such Information has been made
         generally available to the public; the Investors agree that they will,
         upon learning that disclosure of such Information is sought in a court
         of competent jurisdiction, give notice to the Corporation and allow the
         Corporation, at the Corporation's expense, to undertake appropriate
         action to prevent disclosure of the Information deemed confidential;

                           (x)      use its best efforts to obtain from its
         independent certified public accountants "cold comfort" letters in
         customary form and at customary times and covering matters of the type
         customarily covered by cold comfort letters;

                           (xi)     use its best efforts to obtain from its
         counsel an opinion or opinions in customary form;

                           (xii)    provide a transfer agent and registrar
         (which may be the same entity and which may be the Corporation) for
         such Registrable Shares;

                           (xiii)   obtain a CUSIP number for and issue to any
         underwriter to which the Investors holding such Registrable Shares may
         sell shares in such offering certificates evidencing such Registrable
         Shares;

                           (xiv)    cause senior representatives of the
         Corporation to participate in any "road show" or "road shows"
         reasonably requested by any underwriter of an underwritten or "best
         efforts" offering of Registrable Shares;

                           (xv)     list such Registrable Shares on any national
         securities exchange on which any shares of the Common Stock are listed
         or, if the Common Stock is not listed on a national securities
         exchange, use its best efforts to qualify such Registrable Shares for
         inclusion on any national securities exchange (including, without
         limitation, the New York Stock Exchange) or the automated quotation
         system of the National Association of Securities Dealers, Inc. (the
         "NASDAQ"), as the holders of a majority of such Registrable Shares
         shall reasonably request;

                           (xvi)    otherwise use its best efforts to comply
         with all applicable rules and regulations of the Commission and make
         available to its securityholders, as soon as reasonably practicable,
         earnings statements (which need not be audited) covering a period of 12
         months beginning within three months after the effective date of the
         Registration Statement, which earnings statements shall satisfy the
         provisions of Section 11(a) of the Securities Act and Rule 158
         thereunder; and

                           (xvii)   subject to all the other provisions of this
         Agreement, use its best efforts to take all other steps necessary to
         effect the registration of such Registrable Shares contemplated hereby.

                  (b)      Each holder of Registrable Shares that sells
         Registrable Shares pursuant to a registration under this Agreement
         agrees that during such time as such seller may be engaged in a
         distribution of the Registrable Shares, such seller shall comply with

                                       10
<Page>

         Regulation M promulgated under the Exchange Act and pursuant thereto it
         shall, among other things: (i) not engage in any stabilization activity
         in connection with the Securities of the Corporation in contravention
         of such rules; (ii) distribute the Registrable Shares under the
         Registration Statement solely in the manner described in the
         Registration Statement; and (iii) cease distribution of such
         Registrable Shares pursuant to such Registration Statement upon receipt
         of written notice from the Corporation that the Prospectus covering the
         Registrable Shares contains any untrue statement of a material fact or
         omits a material fact required to be stated therein or necessary to
         make the statements therein not misleading.

         SECTION 7. EXPENSES.

         All expenses incurred by the Corporation in complying with SECTION 6,
including, without limitation, all registration and filing fees (including all
expenses incident to filing with the National Association of Securities
Dealers), fees and expenses of complying with securities and blue sky laws,
printing expenses, fees and expenses of the Corporation's counsel and
accountants and reasonable fees and expenses of the Investors' Counsel, shall be
paid by the Corporation; PROVIDED, HOWEVER, that all underwriting discounts and
selling commissions applicable to the Registrable Shares and Other Shares shall
be borne by the holders selling such Registrable Shares and Other Shares, in
proportion to the number of Registrable Shares and Other Shares sold by each
such holder.

         SECTION 8. INDEMNIFICATION.

                  (a)      In connection with any registration of any
         Registrable Shares under the Securities Act pursuant to this Agreement,
         the Corporation shall indemnify and hold harmless the holders of
         Registrable Shares included in such registration, each underwriter,
         broker or any other person acting on behalf of the holders of
         Registrable Shares and each other person, if any, who controls any of
         the foregoing persons within the meaning of the Securities Act against
         any losses, claims, damages or liabilities, joint or several (or
         actions in respect thereof), to which any of the foregoing persons may
         become subject under the Securities Act or otherwise, insofar as such
         losses, claims, damages or liabilities (or actions in respect thereof)
         arise out of or are based upon an untrue statement or allegedly untrue
         statement of a material fact contained in the Registration Statement
         under which such Registrable Shares were registered under the
         Securities Act, any preliminary Prospectus or final Prospectus
         contained therein or otherwise filed with the Commission, any amendment
         or supplement thereto or any document incident to registration or
         qualification of any Registrable Shares, or arise out of or are based
         upon the omission or alleged omission to state therein a material fact
         required to be stated therein or necessary to make the statements
         therein not misleading or, with respect to any Prospectus, necessary to
         make the statements therein in light of the circumstances under which
         they were made not misleading, or any violation by the Corporation of
         the Securities Act or state securities or blue sky laws applicable to
         the Corporation and relating to action or inaction required of the
         Corporation in connection with such registration or qualification under
         such state securities or blue sky laws; and shall reimburse the holders
         of such Registrable Shares, such underwriter, such broker or such other
         person acting on behalf of the holders of Registrable Shares and each
         such

                                       11
<Page>

         controlling person for any legal or other expenses reasonably incurred
         by any of them in connection with investigating or defending any such
         loss, claim, damage, liability or action; PROVIDED, HOWEVER, that the
         Corporation shall not be liable in any such case to the extent that any
         such loss, claim, damage, liability or action (including any legal or
         other expenses incurred) arises out of or is based upon an untrue
         statement or allegedly untrue statement or omission or alleged omission
         made in said Registration Statement, preliminary Prospectus, final
         Prospectus, amendment, supplement or document incident to registration
         or qualification of any Registrable Shares in reliance upon and in
         conformity with written information furnished to the Corporation
         through an instrument duly executed by the holders of such Registrable
         Shares or their counsel or underwriter specifically for use in the
         preparation thereof; PROVIDED FURTHER, HOWEVER, that the foregoing
         indemnity agreement is subject to the condition that, insofar as it
         relates to any untrue statement, allegedly untrue statement, omission
         or alleged omission made in any preliminary Prospectus but eliminated
         or remedied in the final Prospectus, such indemnity agreement shall not
         inure to the benefit of any holder of Registrable Shares, underwriter,
         broker or other person acting on behalf of holders of the Registrable
         Shares from whom the person asserting any loss, claim, damage,
         liability or expense purchased the Registrable Shares which are the
         subject thereof, if a copy of such final Prospectus had been made
         available to such holder of Registrable Shares, underwriter, broker or
         other person acting on behalf of holders of the Registrable Shares and
         such final Prospectus was not delivered to such person with or prior to
         the written confirmation of the sale of such Registrable Shares to such
         person.

                  (b)      In connection with any registration of Registrable
         Shares under the Securities Act pursuant to this Agreement, each holder
         of Registrable Shares included in such registration shall severally and
         not jointly and severally indemnify and hold harmless (in the same
         manner and to the same extent as set forth in the preceding paragraph
         of this SECTION 8) the Corporation, each director of the Corporation,
         each officer of the Corporation who shall sign such Registration
         Statement, each underwriter, broker or other person acting on behalf of
         the holders of Registrable Shares included in such registration and
         each person who controls any of the foregoing persons within the
         meaning of the Securities Act with respect to any statement or omission
         from such Registration Statement, any preliminary Prospectus or final
         Prospectus contained therein or otherwise filed with the Commission,
         any amendment or supplement thereto or any document incident to
         registration or qualification of any Registrable Shares, if such
         statement or omission was made in reliance upon and in conformity with
         written information furnished to the Corporation or such underwriter
         specifically for use in connection with the preparation of such
         Registration Statement, preliminary Prospectus, final Prospectus,
         amendment, supplement or document by such holder of Registrable Shares
         expressly for use therein; PROVIDED, HOWEVER, that the maximum amount
         of liability in respect of such indemnification shall be limited, in
         the case of each seller of Registrable Shares, to an amount equal to
         the net proceeds actually received by such seller from the sale of
         Registrable Shares included in such registration effected pursuant to
         such registration.

                                       12
<Page>

                  (c)      Promptly after receipt by an indemnified party of
         notice of the commencement of any action involving a claim referred to
         in the preceding paragraphs of this SECTION 8, such indemnified party
         will, if a claim in respect thereof is made against an indemnifying
         party, give written notice to the latter of the commencement of such
         action. The failure of any indemnified party to notify an indemnifying
         party of any such action shall not (unless such failure shall have a
         material adverse effect on the indemnifying party) relieve the
         indemnifying party from any liability in respect of such action that it
         may have to such indemnified party on account of this SECTION 8. In
         case any such action is brought against an indemnified party, the
         indemnifying party will be entitled to participate in and to assume the
         defense thereof, jointly with any other indemnifying party similarly
         notified to the extent that it may wish, with counsel reasonably
         satisfactory to such indemnified party, and after notice from the
         indemnifying party to such indemnified party of its election so to
         assume the defense thereof, the indemnifying party shall not be
         responsible for any legal or other expenses subsequently incurred by
         the indemnified party in connection with the defense thereof; PROVIDED,
         HOWEVER, that if any indemnified party shall have reasonably concluded
         that there may be one or more legal or equitable defenses available to
         such indemnified party which are additional to or conflict with those
         available to the indemnifying party, or that such claim or litigation
         involves or could have an effect upon matters beyond the scope of the
         indemnity agreement provided in this SECTION 8, the indemnifying party
         shall not have the right to assume the defense of such action on behalf
         of such indemnified party (but shall have the right to participate
         therein with counsel of its choice) and such indemnifying party shall
         reimburse such indemnified party and any person controlling such
         indemnified party for that portion of the fees and expenses of any
         counsel retained by the indemnified party which is reasonably related
         to the matters covered by the indemnity agreement provided in this
         Section 8. If the indemnifying party is not entitled to, or elects not
         to, assume the defense of a claim, it will not be obligated to pay the
         fees and expenses of more than one counsel (in addition to any local
         counsel) with respect to such claim.

                  (d)      If the indemnification provided for in this SECTION 8
         is held by a court of competent jurisdiction to be unavailable to, or
         insufficient to hold harmless, an indemnified party with respect to any
         loss, claim, damage, liability or action referred to herein, then the
         indemnifying party, in lieu of indemnifying such indemnified party
         hereunder, shall contribute to the amounts paid or payable by such
         indemnified party as a result of such loss, claim, damage, liability or
         action in such proportion as is appropriate to reflect the relative
         fault of the indemnifying party on the one hand and of the indemnified
         party on the other in connection with the statements or omissions which
         resulted in such loss, claim, damage, liability or action as well as
         any other relevant equitable considerations. The relative fault of the
         indemnifying party and of the indemnified party shall be determined by
         reference to, among other things, whether the untrue or alleged untrue
         statement of a material fact or the omission or alleged omission to
         state a material fact relates to information supplied by the
         indemnifying party or by the indemnified party and the parties'
         relative intent, knowledge, access to information and opportunity to
         correct or prevent such statement or omission. The parties agree that
         it would not be just and equitable if contribution pursuant hereto were
         determined by PRO

                                       13
<Page>

         RATA allocation or by any other method or allocation which does not
         take account of the equitable considerations referred to herein. No
         person guilty of fraudulent misrepresentation (within the meaning of
         Section 11(f) of the Securities Act) shall be entitled to contribution
         from any person who was not guilty of such fraudulent
         misrepresentation.

         SECTION 9. UNDERWRITING AGREEMENT.

                  (a)      Notwithstanding the provisions of SECTION 8, to the
         extent that the Investors in a proposed registration shall enter into
         an underwriting or similar agreement, which agreement contains
         provisions covering one or more issues addressed in SECTION 8 of this
         Agreement, then the provisions contained in SECTION 8 of this Agreement
         addressing such issue or issues shall be of no force or effect with
         respect to such registration (but only to the extent covered by such
         underwriting or similar agreement), but this provision shall not apply
         to the Corporation if the Corporation is not a party to the
         underwriting or similar agreement.

                  (b)      If any registration pursuant to SECTIONS 2 or 3 is
         requested to be an underwritten offering, the Corporation shall
         negotiate in good faith to enter into a reasonable and customary
         underwriting agreement with the underwriters thereof. The Corporation
         shall be entitled to receive indemnities from lead institutions,
         underwriters, selling brokers, dealer managers and similar securities
         industry professionals participating in the distribution, to the same
         extent as provided above with respect to information so furnished in
         writing by such persons specifically for inclusion in any Prospectus or
         Registration Statement and to the extent customary given their role in
         such distribution.

                  (c)      No holder of such Registrable Shares may participate
         in any registration hereunder that is underwritten unless such holder
         agrees to (i) sell such holder's Registrable Shares proposed to be
         included therein on the basis provided in any underwriting arrangements
         acceptable to the Corporation and a majority of the holders of
         Registrable Shares initiating such request based on the number of
         Registrable Shares so requested to be registered and (ii) as
         expeditiously as possible, notify the Corporation of the occurrence of
         any event concerning such holder as a result of which the Prospectus
         relating to such registration contains an untrue statement of a
         material fact or omits to state a material fact required to be stated
         therein or necessary to make the statements therein, in light of the
         circumstances under which they were made, not misleading.

         SECTION 10. SUSPENSION.

         Anything contained in this Agreement to the contrary notwithstanding,
the Corporation may (not more than once with respect to each registration), by
notice in writing to each holder of Registrable Shares to which a Prospectus
relates, require such holder to suspend, for up to 90 days (the "SUSPENSION
PERIOD"), the use of any Prospectus included in a Registration Statement filed
under SECTIONS 2, 3 or 4 if a Material Transaction exists that would require an
amendment to such Registration Statement or supplement to such Prospectus
(including any such amendment or supplement made through incorporation by
reference to a report filed under Section 13 of the

                                       14
<Page>

Exchange Act). The period during which such Prospectus must remain effective
shall be extended by a period equal to the Suspension Period.

         SECTION 11. INFORMATION BY HOLDER.

         Each holder of Registrable Shares to be included in any registration
shall furnish to the Corporation and the managing underwriter such written
information regarding such holder and the distribution proposed by such holder
as the Corporation or the managing underwriter may reasonably request in writing
and as shall be reasonably required in connection with any registration,
qualification or compliance referred to in this Agreement.

         SECTION 12. EXCHANGE ACT COMPLIANCE.

         The Corporation shall comply with all of the reporting requirements of
the Exchange Act applicable to it and shall comply with all other public
information reporting requirements of the Commission which are conditions to the
availability of Rule 144 for the sale of the Common Stock. The Corporation shall
cooperate with each holder of Restricted Shares in supplying such information as
may be necessary for such holder to complete and file any information reporting
forms presently or hereafter required by the Commission as a condition to the
availability of Rule 144.

         SECTION 13. NO CONFLICT OF RIGHTS.

         The Corporation represents and warrants to each holder of Registrable
Shares that the registration rights granted to such holders hereby do not
conflict with any other registration rights granted by the Corporation. The
Corporation shall not, after the date hereof, grant any registration rights
which conflict with or impair, or have any priority over, the registration
rights granted hereby.

         SECTION 14. TERMINATION.

         This Agreement shall terminate and be of no further force or effect
when there shall no longer be any Registrable Shares outstanding; PROVIDED,
HOWEVER, that SECTIONS 7 and 8 shall survive the termination of this Agreement.

         SECTION 15. SUCCESSORS AND ASSIGNS.

         This Agreement shall bind and inure to the benefit of the Corporation
and the Investors and, subject to SECTION 16, the respective successors and
assigns of the Corporation and the Investors.

         SECTION 16. ASSIGNMENT.

         Each Investor may sell, assign or otherwise transfer its rights
hereunder to any purchaser or transferee of Registrable Shares; PROVIDED,
HOWEVER, that such purchaser or transferee shall, as a condition to the
effectiveness of such assignment, be required to execute a counterpart to this
Agreement agreeing to be treated as an Investor hereunder whereupon such
purchaser or transferee shall have the benefits of, and shall be subject to the
restrictions contained in, this

                                       15
<Page>

Agreement as if such purchaser or transferee was originally included in the
definition of an Investor herein and had originally been a party hereto.

         SECTION 17. LEGEND ON CERTIFICATES; NEW CERTIFICATES.

                  (a)      Each certificate representing Restricted Shares shall
         bear a legend containing the following words (in addition to any other
         legend required by law or applicable agreement):

                  "THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
                  THE TERMS AND CONDITIONS OF A REGISTRATION RIGHTS AGREEMENT
                  DATED AS OF NOVEMBER __, 2001, AMONG DJ ORTHOPEDICS, INC. AND
                  CERTAIN HOLDERS OF THE OUTSTANDING STOCK OF SUCH CORPORATION.
                  COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO COST BY WRITTEN
                  REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO
                  THE SECRETARY OF SUCH CORPORATION."

                  (b)      As expeditiously as possible after the sale of
         Restricted Shares pursuant to a Registration Statement that has been
         declared effective under the Securities Act, the Corporation shall
         deliver in exchange for any legended certificate evidencing Restricted
         Shares so registered and sold, new stock certificates not bearing any
         restrictive legends, provided that in the event less than all of the
         Restricted Shares evidenced by such legended certificate have been so
         registered and sold, the holder thereof agrees that a new certificate
         evidencing such unregistered or unsold shares will be issued bearing
         the appropriate restrictive legend.

         SECTION 18. ENTIRE AGREEMENT.

         This Agreement and the other writings referred to herein or delivered
pursuant hereto or thereto, contain the entire agreement among the Investors and
the Corporation with respect to the subject matter hereof and supersede all
prior and contemporaneous arrangements or understandings with respect thereto
(including, without limitation, the Members' Agreement, dated as of June 30,
1999, by and among DonJoy, the Investors and the other parties named therein).

         SECTION 19. NOTICES.

         All notices, requests, consents and other communications hereunder to
any party shall be deemed to be sufficient if contained in a written instrument
delivered in person or sent by telecopy, nationally-recognized overnight courier
or first class registered or certified mail, return receipt requested, postage
prepaid, addressed to such party at the address set forth below or such other
address as may hereafter be designated in writing by such party to the other
parties:

                                       16
<Page>

                  (i) if to the Corporation, to:

                  dj Orthopedics, Inc.
                  2985 Scott St.
                  Vista, CA 92083
                  Telephone:  (760) 734-3530
                  Telecopy:   (760) 734-3536
                  Attention:  Chief Executive Officer

                  with a copy to:

                  O'Sullivan LLP
                  30 Rockefeller Plaza
                  New York, NY 10112
                  Telephone:  (212) 408-2400
                  Telecopy:   (212) 408-2420
                  Attention:  Gregory A. Gilbert, Esq.

                  (ii)  if to the Investors, to their respective addresses set
                        forth on SCHEDULE I hereto,

         All such notices, requests, consents and other communications shall be
deemed to have been delivered (a) in the case of personal delivery or delivery
by telecopy, on the date of such delivery, (b) in the case of dispatch by
nationally-recognized overnight courier, on the next business day following such
dispatch and (c) in the case of mailing, on the third business day after the
posting thereof.

         SECTION 20. MODIFICATIONS; AMENDMENTS; WAIVERS.

         The terms and provisions of this Agreement may not be modified or
amended, nor may any provision be waived, except pursuant to a writing signed by
the Corporation and the holders of at least a majority of the Registrable Shares
then outstanding.

         SECTION 21. SEVERABILITY.

         It is the desire and intent of the parties that the provisions of this
Agreement be enforced to the fullest extent permissible under the law and public
policies applied in each jurisdiction in which enforcement is sought.
Accordingly, if any provision of this Agreement would be held in any
jurisdiction to be invalid, prohibited or unenforceable for any reason, such
provision, as to such jurisdiction, shall be ineffective, without invalidating
the remaining provisions of this Agreement or affecting the validity or
enforceability of such provision in any other jurisdiction. Notwithstanding the
foregoing, if such provision could be more narrowly drawn so as not to be
invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction.

                                       17
<Page>

         SECTION 22. GOVERNING LAW.

         All questions concerning the construction, interpretation and validity
of this Agreement shall be governed by and construed and enforced in accordance
with the domestic laws of the State of Delaware, without giving effect to any
choice or conflict of law provision or rule (whether in the State of Delaware or
any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Delaware. In furtherance of the foregoing,
the internal law of the State of Delaware will control the interpretation and
construction of this Agreement, even if under such jurisdiction's choice of law
or conflict of law analysis, the substantive law of some other jurisdiction
would ordinarily apply.

         SECTION 23. HEADINGS.

         The headings of the various sections of this Agreement have been
inserted for convenience of reference only and shall not be deemed to be a part
of this Agreement.

         SECTION 24. COUNTERPARTS; FACSIMILE SIGNATURES.

         This Agreement may be executed in any number of counterparts, and each
such counterpart hereof shall be deemed to be an original instrument, but all
such counterparts together shall constitute but one agreement. Facsimile
counterpart signatures to this Agreement shall be acceptable and binding.

                                    * * * * *

                                       18
<Page>

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

                                   DJ ORTHOPEDICS, INC.

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

                                   J.P. MORGAN DJ PARTNERS, LLC

                                   BY:  J.P. MORGAN FAIRFIELD PARTNERS, LLC,
                                        ITS MANAGING MEMBER

                                   By:
                                       -----------------------------------------
                                       Charles Orsatti
                                       Managing Member

                                   J.P. MORGAN PARTNERS (23A SBIC), LLC

                                   BY: J.P. MORGAN PARTNERS (23A SBIC MANAGER),
                                       INC., ITS MANAGING MEMBER

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

<Page>

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

                                   DJ INVESTMENT, LLC

                                   BY: FIRST UNION INVESTORS, INC.,
                                       AS MANAGER

                                   By:
                                      ------------------------------------------
                                      David F. Grams, Jr.
                                      Principal

                                   FIRST UNION CAPITAL PARTNERS, LLC

                                   By:
                                      ------------------------------------------
                                      David F. Grams, Jr.
                                      Principal

<Page>

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

                                   DJC, INC.

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

                                   TCW/CRESCENT MEZZANINE TRUST II

                                   BY: TCW/CRESCENT MEZZANINE II, L.L.C.,
                                       ITS INVESTMENT MANAGER

                                   BY: TCW/CRESCENT MEZZANINE, L.L.C.,
                                       ITS MANAGING OWNER

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

                                   TCW LEVERAGED INCOME TRUST II, L.P.

                                   BY: TCW (LINC II), L.P.,
                                       ITS GENERAL PARTNER

                                   BY: TCW ADVISERS (BERMUDA), LTD.,
                                       ITS GENERAL PARTNER

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

                                   BY: TCW INVESTMENT MANAGEMENT COMPANY, AS
                                       INVESTMENT ADVISER

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

<Page>

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

                                   CRESCENT MACH I PARTNERS, L.P.

                                   BY: TCW ASSET MANAGEMENT COMPANY,
                                       ITS INVESTMENT ADVISOR

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

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

<Page>

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

                                   LESLIE H. CROSS AND DEBORAH L. CROSS
                                   FAMILY TRUST

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

                                   ---------------------------------------------
                                   Michael R. McBrayer

                                   ---------------------------------------------
                                   Cyril Talbot III

<Page>

                                                                      SCHEDULE I

<Table>
<Caption>

INVESTORS                                                              NUMBER OF RESTRICTED SECURITIES
<S>                                                                    <C>
J.P. Morgan DJ Partners, LLC
c/o J.P. Morgan Fairfield Partners
600 Cleveland Street, Suite 1100
Clearwater, FL 33755
Telephone: (727) 449-0067
Facsimile: (727) 449-0090

J.P. Morgan Partners 23A SBIC, LLC
c/o J.P. Morgan Partners, LLC
Attention: Official Notices Clerk
(FBO:  Mitchell J. Blutt, M.D.)
1221 Avenue of the Americas
New York, NY 10020-1080
Telephone: (212) 899-3400
Facsimile: (212) 899-3401

with a copy to:

O'Sullivan LLP
30 Rockefeller Plaza
New York, NY 10112
Telephone:  (212) 408-2400
Telecopy:   (212) 408-2420
Attention:  Gregory A. Gilbert, Esq.

DJ Investment, LLC
c/o First Union Investors, Inc.
301 South College Street
Charlotte, NC  28288-0732
Attention: David F. Grams, Jr.
Telephone: (704) 715-1780
Facsimile: (704) 374-6711

First Union Capital Partners, LLC
c/o First Union Investors, Inc.
301 South College Street
Charlotte, NC  28288-0732
Attention: David F. Grams, Jr.

</Table>

<Page>

<Table>
<Caption>

INVESTORS (CONTINUED)                                                  NUMBER OF RESTRICTED SECURITIES
<S>                                                                    <C>
Telephone: (704) 715-1780
Facsimile: (704) 374-6711

with a copy to:

Kennedy Covington Lobdell & Hickman, L.L.P.
Bank of America Corporate Center
42nd Floor
100 North Tryon St.
Charlotte, NC 28202
Attention: Paul A. Steffens, Esq.
Telephone: (704) 331-7400
Facsimile: (704) 331-7558

DJC, Inc.
c/o TCW/Crescent Mezzanine LLC
11100 Santa Monica Blvd.
Suite 2000
Los Angeles, CA 90025
Attention: Jim Shevlet
Telephone: (310) 235-5978
Facsimile: (310) 235-5967

TCW/Crescent Mezzanine Trust II
c/o TCW/Crescent Mezzanine LLC
11100 Santa Monica Blvd.
Suite 2000
Los Angeles, CA 90025
Attention: Jim Shevlet
Telephone: (310) 235-5978
Facsimile: (310) 235-5967

TCW Leverage Income Trust II, L.P.
c/o TCW/Crescent Mezzanine LLC
11100 Santa Monica Blvd.
Suite 2000
Los Angeles, CA 90025
Attention: Jim Shevlet
Telephone: (310) 235-5978
Facsimile: (310) 235-5967

</Table>

<Page>

Crescent Mach I Partners, L.P.
c/o TCW/Crescent Mezzanine LLC
11100 Santa Monica Blvd., Suite 2000
Los Angeles, CA 90025
Attention: Jim Shevlet
Telephone: (310) 235-5978
Facsimile: (310) 235-5967

with a copy to:

O'Melveny & Meyers LLP
400 South Hope St.
Los Angeles, CA 90071
Attention: Mark T. Uyeda, Esq.
Telephone: (213) 430-6000
Facsimile: (213) 430-6407

Leslie H. Cross & Deborah L. Cross Family Trust
c/o Leslie H. Cross
3330 Caminito Daniella
Del Mar, CA 92014
Telephone: (858) 259-3731
Facsimile: (858) 792-9683

Michael R. McBrayer
4308 Horizon Drive
Carlsbad, CA 92008
Telephone:

Cyril Talbot III
2511 Lozana Road
Del Mar, CA 92014
Telephone: (858) 792-7353

<Page>

                                                                     SCHEDULE II

                         LIST OF INSTITUTIONAL INVESTORS

J.P. Morgan DJ Partners, LLC
J.P. Morgan Partners 23A SBIC, LLC
DJ Investment, LLC
First Union Capital Partners, LLC
DJC, Inc.
TCW/Crescent Mezzanine Trust II
TCW Leverage Income Trust II, L.P.
Crescent Mach I Partners, L.P.<Page>

                                                                   EXHIBIT 10.56

                              dj ORTHOPEDICS, INC.

                 2001 NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN

               (As Adopted By the Board of Directors on _________)

         1.       PURPOSE OF THIS PLAN.

                  The purpose of this dj Orthopedics, Inc. 2001 Non-Employee
Directors Stock Option Plan (this "PLAN"), is to make available shares of the
Common Stock, par value $0.01 per share, of the Corporation (the "COMMON STOCK")
of dj Orthopedics, Inc., a Delaware corporation (the "CORPORATION") for purchase
by Non-Employee Directors (as defined in Section 4 below) of the Corporation.
The Plan permits the Corporation to attract and retain the services of
experienced and knowledgeable Non-Employee Directors for the benefit of the
Corporation and its stockholders and to provide additional incentive for such
Non-Employee Directors to continue to work for the best interests of the
Corporation and its shareholders through continuing ownership of its Common
Stock. All Options granted under this Plan shall be non-qualified stock options
(each, a "NSO") NOT intended to qualify under Section 422 of the Internal
Revenue Code of 1986, as amended (the "CODE").

         2.       ADMINISTRATION OF THIS PLAN.

                  The Plan shall be self-executing. However, to the extent
permitted herein, the Plan shall be administered by either the Board of
Directors of the Corporation (the "BOARD") or the Compensation Committee of the
Board (the "COMMITTEE"). The Board or the Committee shall, subject to the
express provisions of the Plan, any Option Agreement (as defined in Section
5(c)) or other documented executed pursuant to the Plan; resolve any questions
arising under this Plan, any Option Agreement or any such other document;
correct any defect, supply any omission or reconcile any inconsistency in the
Plan, any Option or Option Agreement; prescribe, amend and rescind rules and
regulations relating to the Plan; grant waivers of Plan or Option conditions;
and make all other determinations necessary or advisable for the administration
of the Plan. The determination of the Board or the Committee on the matters
referred to in this Article 2 shall be conclusive.

         3.       SHARES OF STOCK SUBJECT TO THIS PLAN.

                  (a) NUMBER OF AVAILABLE SHARES. Subject to the provisions of
SECTION 9 (relating to adjustments upon changes in capital structure and other
corporate transactions) and the further provisions of this SECTION 3(a), the
number of shares of Common Stock available at any one time for issuance upon the
exercise of Options granted under this Plan shall not exceed 1,500,000 shares of
Common Stock (without making any adjustment under this Plan or ofference for any
stock split, stock dividend or similar recapitalization event occurring on or
prior to the Effective Date (as defined in SECTION 11)). If, and to the extent
that, (i) Options granted under this Plan terminate, expire or are canceled
without having been fully exercised, new Options may be granted under this Plan
for the shares of Common Stock constituting the unexercised portion of such
terminated, expired or canceled Options, and (ii) any shares of Common Stock
issued upon

                                                                               1
<Page>

the exercise of Options granted under this Plan are forfeited to or repurchased
by the Corporation, new Options may be granted under this Plan for up to an
equivalent number of shares of Common Stock (but, in the case of any such
repurchased share, only if such share is repurchased for consideration not
greater than the purchase price for such share specified in the applicable
Option).

                  (b) CHARACTER OF SHARES. The shares of Common Stock issuable
upon the exercise of an Option granted under this Plan shall be (i) authorized
but unissued shares of Common Stock, (ii) shares of Common Stock held in the
Corporation's treasury or (iii) a combination of the foregoing.

                  (c) RESERVATION OF SHARES. The number of shares of Common
Stock reserved for issuance under this Plan shall at no time be less than the
maximum number of shares of Common Stock which may be purchased at any time
pursuant to outstanding Options.

         4.       ELIGIBILITY.

                  An Option shall be granted pursuant to SECTION 5 of this Plan
only to each director of the Corporation (each, a "NON-EMPLOYEE DIRECTOR") who,
as of the date of the grant of such Option pursuant to such Section, is not an
employee of the Corporation or any of its Subsidiaries (as defined below) and
has not been such an employee at any time during the 12-month period immediately
prior to such date. For purposes of this Plan, the term "SUBSIDIARY" means
"SUBSIDIARY CORPORATION" as defined in Section 424(f) of the Code.

         5.       GRANT OF OPTIONS.

                  (a) AUTOMATIC, NONDISCRETIONARY GRANTS. Subject to the
provisions of SECTION 5(b), all grants of Options hereunder shall be
automatic and nondiscretionary and shall be made to Non-Employee Directors
(each, an "OPTIONEE" and collectively, the "OPTIONEES") as follows:

                           (i) Each person who, on or after the Effective Date,
                  is elected or appointed a director of the Corporation for the
                  first time, whether by reason of his or her election or
                  appointment to such position by the stockholders of the
                  Corporation or the Board, and who qualifies as a Non-Employee
                  Director on the date of such election or appointment (after
                  giving effect to such election or appointment) shall, except
                  as provided below, be automatically granted an Option pursuant
                  to this SECTION 5(a) on the date of such election or
                  appointment to purchase up to 15,000 shares (without making
                  any adjustment under this Plan or otherwise for any stock
                  split, stock dividend or similar recapitalization event
                  occurring on or prior to the Effective Date) of Common Stock,
                  subject to the terms and conditions set forth in this Plan;
                  PROVIDED that any Non-Employee Director appointed to the Board
                  within one (1) year of the date of the Corporation's
                  Registration Statement on Form S-1 (No. 333-68358) (the
                  "REGISTRATION STATEMENT ON FORM S-1") relating to the
                  Corporation's initial public offering of Common Stock is
                  declared effective by the Securities and Exchange Commission
                  (the "COMMISSION") shall be automatically granted an Options
                  pursuant to this Section 5(a)(i) to purchase up to 30,000
                  shares of Commons Stock; and, PROVIDED, FURTHER, no person who
                  is listed in the Registration Statement on Form S-1 as
                  declared effective by the Commission as a person who will
                  become a

                                                                               2

<Page>

                  director of the Corporation upon consummation of the
                  Corporation's initial public offering shall receive a grant of
                  any options pursuant to this Section 5(a)(i) even if such
                  person qualifies as a Non-Employee Director.

                           (ii) On the date of each annual meeting of the
                  stockholders of the Corporation, commencing with the year
                  2003, each Non-Employee Director (determined immediately after
                  the consummation of such annual meeting) who was not elected
                  or appointed to the position of director of the Corporation at
                  any time during the 12-month period immediately prior to such
                  date shall be automatically granted an Option pursuant to this
                  SECTION 5(b) on the date of such meeting to purchase up to
                  15,000 shares (without making any adjustment under this Plan
                  or otherwise for any stock split, stock dividend or similar
                  recapitalization event occurring on or prior to the Effective
                  Date) of Common Stock, subject to the terms and conditions set
                  forth in this Plan.

                  (b) REDUCTION OF GRANTS. Notwithstanding anything to the
contrary contained in this Plan, if the grant on any single date of one or more
Options pursuant to any provision of SECTION 5 (collectively, the "ADDITIONAL
OPTIONS") would result in the number of shares of Common Stock issuable upon the
exercise of outstanding Options granted under this Plan to exceed the aggregate
number of shares of Common Stock available at any one time for issuance pursuant
to SECTION 3(a) upon the exercise of Options granted under this Plan, then the
number of shares of Common Stock subject to each such Additional Option shall be
permanently reduced to such number which equals the quotient (rounded down to
the nearest integer) obtained by dividing (i) the aggregate number of shares of
Common Stock available at any one time for issuance pursuant SECTION 3(a) which
are not already subject to issuance upon the exercise of outstanding Options
(before giving effect to the grant of the Additional Options on such date), by
(ii) the number of Additional Options to be granted on such date. In such case,
each Optionee to whom such an Additional Option was granted shall NOT be
entitled to any additional Options under this Plan to take into account the
reduction pursuant to this SECTION 5(b) in the number of shares of Common Stock
subject to such Additional Option and any further grants of Options pursuant to
SECTION 5 to Non-Employee Directors shall be deferred until such time, if any,
as additional shares of Common Stock become available for issuance pursuant to
SECTION 3(a).

                  (c) OPTION AGREEMENTS. Each Option granted under this Plan
shall be a NSO. In addition, each Option shall be evidenced by a written
agreement (each, an "OPTION AGREEMENT") containing such terms and conditions and
in such form, not inconsistent with this Plan, as the Board or the Committee
shall, in its discretion, provide. Each Option Agreement shall be executed by
the Corporation and the Optionee.

                  (d) NO EVIDENCE OF CONTINUED SERVICE. Nothing contained in
this Plan or in any Option Agreement shall confer upon any Optionee any right
with respect to the continuation of such Optionee's service as a director of the
Corporation or the nomination of such Optionee as a director of the Corporation
or interfere in any way with any rights which such Optionee or the Corporation
may have to terminate such Optionee's service as a director of the Corporation
at any time.

                  (e) DATE OF GRANT. The date of grant of an Option under this
Plan shall be the date specified in SECTION 5 for the grant of such Option.

                                                                               3
<Page>

                  (f) ELECTION TO RECEIVE OPTIONS IN LIEU OF CASH RETAINER. In
lieu of annual cash retainers for each Non-Employee Director, Non-Employee
Directors may elect, by written notice to the Corporation (attention:
Secretary), at their discretion to receive up to 100% of their cash retainer
fees in the form of Options granted under this Plan. The number of options
received in lieu of the annual retainer fee (or the method of computing the
number) and the terms and conditions of those Options shall be determined from
time to time by the Compensation Committee.

         6.       OPTION PRICE.

                  (a) GENERAL. Subject to SECTION 9, the price (the "OPTION
PRICE") at which each share of Common Stock subject to an Option granted under
this Plan (each, an "OPTION SHARE") may be purchased shall be the Fair Market
Value (as determined in accordance with SECTION 6(b)) of a share of Common Stock
on the date of grant of such Option under this Plan.

                  (b) DETERMINATION OF FAIR MARKET VALUE. For purposes of this
Plan, the "FAIR MARKET VALUE" of a share of Common Stock, as of any date, shall
be determined as follows:

                           (i) if the Common Stock is a class of securities then
                  listed or admitted to trading on any national securities
                  exchange or traded on any national market system (including,
                  but not limited to, The Nasdaq National Market), the closing
                  sale price of the Common Stock on such date or, if no such
                  sale takes place on such date, the average of the closing bid
                  and ask prices for Common Stock on such date, in each case as
                  officially reported on the principal national securities
                  exchange or national market system on which such securities
                  are then listed, admitted to trading or traded;

                           (ii) if the Common Stock is not a class of securities
                  then listed or admitted to trading on any national securities
                  exchange or traded on any national market system, or if no
                  closing sale price or closing bid and ask prices thereof are
                  then so reported by any such exchange or system, the average
                  of the reported closing bid and ask prices for the Common
                  Stock in the over-the-counter market on such date as shown by
                  the NASD automated quotation system, or if the Common Stock is
                  not a class of securities then quoted on such system, as
                  published by the National Quotation Bureau, Incorporated or
                  any similar successor organization, and in either case as
                  reported by any member firm of the New York Stock Exchange
                  selected by the Corporation; and

                           (iii) if the Common Stock is not of a class of
                  securities then listed or admitted to trading on any national
                  securities exchange or traded on any national market system,
                  or if no closing sale price or closing bid and ask prices for
                  the Common Stock are then so reported by such exchange or
                  system, or if no closing bid and ask prices for the Common
                  Stock are then so quoted or published in the over-the-counter
                  market, the fair value of such share of Common Stock on such
                  date, which shall be determined in good faith by the Board.

                                                                               4
<Page>

         7.       EXERCISABILITY OF OPTIONS.

                  (a) VESTING OF THE OPTIONS.

                           (i) Each Option granted under this Plan shall vest
                  and become exercisable on a cumulative basis as to one-third
                  of the related Option Shares upon each of the first, second
                  and third 12-month anniversaries of the date of grant of such
                  Option pursuant to this Plan. Unless otherwise provided by the
                  Board or the Committee pursuant to SECTION 7(a)(ii), (i) only
                  the vested portion of an Option granted under this Plan shall
                  be exercisable as to any related Option Shares and (ii) an
                  Optionee shall be vested as to any Option Shares issued upon
                  the exercise of an Option granted to such Optionee under this
                  Plan.

                           (ii) With respect to any Option, the Board or the
                  Committee may, at any time prior to the complete termination
                  of such Option, accelerate the vesting and exercise date(s) of
                  such Option (subject, in the sole discretion of the Board or
                  the Committee, to the continuation of the vesting of the
                  related Option Shares) or continue the vesting and
                  exercisability (whether before, on or after the date of
                  Termination (as defined in Section 7(b)(ii) below) of the
                  Optionee to whom such Option is granted) of all or a portion
                  of such Option and/or the related Option Shares.

                           (iii) The Board or Committee may, in its discretion,
                  amend any term or condition of an outstanding Option, provided
                  (i) such term or condition as amended is permitted by this
                  Plan and (ii) any such amendment shall be made only with the
                  consent of the Optionee to whom the Option was granted, or in
                  the event of the death of the Optionee, the Optionee's
                  Representatives (as defined in SECTION 10(d)), if the
                  amendment is materially adverse to the Optionee.

                  (b) TERM OF OPTION. The unexercised portion of any Option
granted under this Plan shall automatically terminate and shall become null and
void and be of no further force or effect upon the first to occur of the
following:

                           (i) the ten-year anniversary of the date on which
                  such Option is granted;

                           (ii) the three-month anniversary of the date on which
                  the Optionee to whom such Option was granted ceases to be a
                  Non-Employee Director (such event, a "TERMINATION"), unless
                  such Termination occurs by reason of such Optionee's death or
                  Disability (as defined in SUBPARAGRAPH (iii) below) or is a
                  Termination for Cause (as defined in SUBPARAGRAPH (iv) below);
                  PROVIDED, HOWEVER, that if such Optionee shall die after the
                  date of Termination but before the three-month anniversary of
                  such Optionee's date of Termination, the unexercised portion
                  of such Option shall automatically terminate and become null
                  and void and be of no further force or effect upon the
                  12-month anniversary of such date of Termination;

                           (iii) the 12-month anniversary of the date of
                  Termination of the Optionee to whom such Option was granted,
                  if such Termination occurs by reason of such Optionee's (x)
                  death or (y) permanent and total disability (within the
                  meaning of Section 22(e)(3) of the Code) (a "DISABILITY");

                                                                               5
<Page>

                           (iv) the date of the Termination of the Optionee to
                  whom such Option was granted, if such Termination is for
                  "CAUSE" (within the meaning of the General Corporation Law of
                  the State of Delaware) (a "TERMINATION FOR CAUSE");

                           (v) on the effective date of a Corporate Transaction
                  (as defined in SECTION 9(b)) to which SECTION 9(b)(ii)
                  (relating to assumptions and substitutions of Options) does
                  not apply; PROVIDED, HOWEVER, that an Optionee's right to
                  exercise any Option outstanding prior to such effective date
                  shall in all events be suspended during the period beginning
                  ten days prior to the proposed effective date of such
                  Corporate Transaction and ending on either the actual
                  effective date of such Corporate Transaction or upon receipt
                  of notice from the Corporation that such Corporate Transaction
                  will not in fact occur; and

                           (vi) except to the extent permitted by SECTION 10(d),
                  the date on which such Option or any part thereof or right or
                  privilege relating thereto is transferred (other than by will
                  or the laws of descent and distribution), assigned, pledged,
                  hypothecated, attached or otherwise disposed of by the
                  Optionee to whom such Option was granted.

         8.       PROCEDURE FOR EXERCISE.

                  (a) PAYMENT. At the time an Option is granted under this Plan,
the following forms of payment may be used by an Optionee (but only to the
extent permitted by applicable law) upon exercise of his or her Option:

                           (i) by cash (by wire transfer of immediately
                  available funds to a bank account held by the Corporation
                  designated by the Board or a personal or certified check
                  payable to the Corporation);

                           (ii) by surrender of shares of Common Stock which
                  either (A) have been owned by the Optionee for more than six
                  months and have been paid for within the meaning of Rule 144
                  under the Securities Act of 1933 (the "SECURITIES ACT") (and,
                  if such shares of Common Stock were purchased from the
                  Corporation or any Subsidiary thereof by means of a promissory
                  note, such note has been fully paid with respect to such
                  shares); or (B) were obtained by the Optionee in the public
                  market (but, subject in any case, to the applicable
                  limitations of Rule 16b-3 ("RULE 16b-3") under Section 16 of
                  the Securities Exchange Act of 1934); or

                           (iii) a combination of the methods set forth in
                  CLAUSES (i) and (ii).

                  (b) NOTICE. An Optionee (or other person, as provided in
SECTION 10(d)) may exercise an Option granted under this Plan in whole or in
part, as provided in the Option Agreement evidencing his or her Option, by
delivering a written notice (the "NOTICE") to the Board (or such other person or
entity designated by the Board from time to time).

                  (c) CONTENT OF THE NOTICE. The Notice shall:

                           (i) state that the Optionee elects to exercise the
                  Option;

                                                                               6
<Page>

                           (ii) state the number of shares with respect to which
                  the Option is being exercised (the "OPTIONED SHARES");

                           (iii) state the method of payment for the Optioned
                  Shares (which method must be available to the Optionee under
                  the terms of his or her Option Agreement);

                           (iv) state the date upon which the Optionee desires
                  to consummate the purchase of the Optioned Shares (which date
                  must be prior to the termination of such Option, be no later
                  than 30 days from delivery of such Notice and be not otherwise
                  prohibited under the terms of his or her Option Agreement);

                           (v) include any representations and warranties of the
                  Optionee required pursuant to SECTION 10(b);

                           (vi) if the Option is exercised pursuant to SECTION
                  10(D) by any person other than the Optionee, include evidence
                  to the satisfaction of the Corporation (or such other person
                  or entity designated by the Board from time to time) of the
                  right of such person to exercise the Option; and

                           (vii) include such further provisions consistent with
                  this Plan as the Board (or such other person or entity
                  designated by the Board from time to time) may from time to
                  time require.

                  (d) ISSUANCE OF STOCK CERTIFICATES. The Corporation shall
issue a stock certificate in the name of the Optionee (or such other person
exercising the Option in accordance with the provisions of SECTION 10(d)) for
the Optioned Shares with respect to which such Option is being exercised as soon
as practicable after receipt of the Notice and payment of the aggregate Option
Price for such shares. Neither the Optionee nor any person exercising an Option
in accordance with the provisions of SECTION 10(d) shall have any privileges as
a stockholder of the Corporation with respect to any shares of stock subject to
an Option granted under this Plan until the date of issuance of a stock
certificate pursuant to this SECTION 8(d).

         9.       ADJUSTMENTS.

                  (a) CHANGES IN CAPITAL STRUCTURE. Subject to SECTION 9(b), if
after the Effective Date the Common Stock is changed by reason of a stock split,
reverse stock split, stock dividend or recapitalization, or converted into or
exchanged for other securities as a result of a merger, consolidation or
reorganization, the Board shall make such adjustments in the number and class of
shares of stock with respect to which Options may be granted under this Plan as
shall be equitable and appropriate in order to make such Options, as nearly as
may be practicable, equivalent to such Options immediately prior to such change.
A corresponding adjustment changing the number and class of shares allocated to,
and the Option Price of, each Option or portion thereof outstanding at the time
of such change shall likewise be made.

                  (b) CORPORATE TRANSACTIONS. The following rules shall apply in
connection with the dissolution or liquidation of the Corporation, a
reorganization, merger or consolidation in which the Corporation is not the
surviving corporation, or a sale of all or substantially all of the capital
stock or assets of the Corporation to another person or entity (a "CORPORATE
TRANSACTION"):

                                                                               7
<Page>

                           (i) each holder of an Option outstanding at such time
                  shall be given (A) written notice of such Corporate
                  Transaction at least 20 days prior to its proposed effective
                  date (as specified in such notice) and (B) an opportunity,
                  during the period commencing with delivery of such notice and
                  ending 10 days prior to such proposed effective date, to
                  exercise the Option to the full extent to which such Option
                  would have been exercisable by the Optionee at the expiration
                  of such 20-day period; PROVIDED, HOWEVER, that upon the
                  occurrence of a merger or consolidation in which the
                  Corporation is not the surviving corporation and the
                  stockholders of the Corporation receive distributions of cash,
                  securities or other property of a third party in complete
                  exchange for their equity interests in the Corporation, or a
                  sale of all of the capital stock or all or substantially all
                  of the assets of the Corporation to another person or entity,
                  under circumstances in which provision for assumption or
                  substitution of options in accordance with SECTION 9(b)(ii) is
                  not made, the vesting and exercise dates of all Options
                  granted under this Plan shall accelerate and such Options
                  shall become fully vested and exercisable with respect to all
                  of the shares of Common Stock covered thereby, and if and to
                  the extent not so exercised as provided in this SECTION
                  9(b)(i), such Options shall automatically terminate; and

                           (ii) anything contained in this Plan to the contrary
                  notwithstanding, SECTION 9(b)(i) shall not be applicable if
                  provision shall be made in connection with such Corporate
                  Transaction for the assumption of outstanding Options by, or
                  the substitution for such Options of new options covering the
                  stock of, the surviving, successor or purchasing entity, or an
                  entity of which such surviving, successor or purchasing entity
                  is a Subsidiary, or any Subsidiary thereof, with appropriate
                  adjustments as to the number, kind and option prices of the
                  stock subject to such options.

                  (c) SPECIAL RULES. The following rules shall apply in
connection with SECTIONS 9(a) AND (b):

                           (i) no fractional shares shall be issued as a result
                  of any such adjustment, and any fractional shares resulting
                  from the computations pursuant to SECTIONS 9(a) or (b) shall
                  be eliminated without any consideration due to any Optionees;

                           (ii) no adjustment shall be made for cash dividends
                  or the issuance to stockholders of rights to subscribe for
                  additional shares of Common Stock or other securities; and

                           (iii) any adjustments referred to in SECTIONS 9(a) or
                  (b) shall be made by the Board in its sole discretion and
                  shall be conclusive and binding on all persons holding Options
                  granted under this Plan.

         10.      RESTRICTIONS ON OPTIONS AND OPTIONED SHARES.

                  (a) COMPLIANCE WITH SECURITIES LAWS. No Options shall be
granted under this Plan, and no shares of Common Stock shall be issued and
delivered upon the exercise of Options granted under this Plan, unless and until
the Corporation and/or the Optionees to whom such Options shall be granted shall
have complied with all applicable Federal or state registration,

                                                                               8
<Page>

listing and/or qualification requirements and all other requirements of law or
of any regulatory agencies having jurisdiction. The Corporation may delay the
issuance of shares of Common Stock upon the exercise of Options granted under
this Plan until completion of any action or the receipt of any consent which the
Corporation deems necessary under any applicable law (including, without
limitation, state securities or "BLUE SKY" laws).

                  (b) REPRESENTATIONS AND WARRANTIES. The Board in its
discretion may, as a condition to the exercise of any Option granted under this
Plan, require the Optionee to whom such Option shall be granted (i) to represent
and warranty in writing that the shares of Common Stock to be received upon
exercise of such Option are being acquired for investment and not with a view to
distribution and (ii) to make such other representations and warranties as are
deemed appropriate by the Corporation.

                  (c) LEGENDS. Each certificate issued by the Corporation (or
its transfer agent) that represents shares of Common Stock acquired upon the
exercise of Options that have not been registered under the Securities Act
shall, unless otherwise directed by the Board, be stamped or otherwise imprinted
with a legend in substantially the following form (in addition to any other
legends and other restrictions as the Board may deem necessary or advisable,
including restrictions under any applicable federal, state or foreign securities
laws, or any rules, regulations and other requirements of the promulgated by the
Securities and Exchange Commission or any securities exchange or automated
quotation system on which such the Common Stock may be listed, admitted for
trading or traded, or any applicable agreement):

                      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT
                      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
                      "ACT"). THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT
                      AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT
                      BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
                      ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH
                      SECURITIES UNDER THE ACT OR AN OPINION OF COUNSEL
                      SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT
                      REQUIRED."

                  (d) NONASSIGNABILITY OF OPTION RIGHTS. No Option granted under
this Plan shall be assignable or otherwise transferable by the Optionee except
by will or by the laws of descent and distribution. An Option may be exercised
during the lifetime of the Optionee only by the Optionee. If an Optionee dies,
his or her Option shall thereafter be exercisable during the period specified in
SECTION 7(b)(ii) or (iii), as applicable, by his or her executors or
administrators (collectively, the "REPRESENTATIVES") to the full extent to which
such Option was exercisable by the Optionee at the time of his or her death.

         11.      ADOPTION AND STOCKHOLDER APPROVAL.

                  This Plan shall become effective on the date (the "EFFECTIVE
DATE") which is the later of (i) the date of its adoption by the Board and (ii)
the first date on which price quotations for the Common Stock are reported on
the national securities exchange or national market

                                                                               9
<Page>

system on which the Common Stock shall first be listed, admitted to trading or
traded. This Plan shall be approved by the stockholders of the Corporation,
consistent with applicable laws, within 12 months of the date of the adoption of
this Plan by the Board. Upon the Effective Date, Options may be granted pursuant
to this Plan; PROVIDED, HOWEVER, that (i) no Option may be exercised prior to
initial stockholder approval of this Plan, (ii) no Option granted pursuant to an
increase in the number of shares of Common Stock available under this Plan by
the Board's amendment of this Plan may be exercised prior to the time such
increase has been approved by the stockholders of the Corporation, consistent
with applicable laws; (iii) in the event that initial stockholder approval of
this Plan is not obtained within the time period provided herein, all Options
granted under this Plan shall be canceled; and (iv) in the event that
stockholder approval of any increase in the number of shares of Common Stock
available under this Plan is not obtained within the time period provided
herein, all Options granted under this Plan pursuant to such increase shall be
canceled.

         12.      EXPIRATION AND TERMINATION OF THIS PLAN.

                  Except with respect to Options then outstanding, this Plan
shall expire on the first to occur of (i) the tenth anniversary of the date on
which this Plan is adopted by the Board, (ii) the tenth anniversary of the date
on which this Plan is approved by the stockholders of the Corporation in
accordance with applicable laws and (iii) the date as of which the Board, in its
sole discretion, determines that this Plan shall terminate (the "EXPIRATION
DATE"). Any Options outstanding as of the Expiration Date shall remain in effect
until they have been exercised or terminated or have expired by their respective
terms.

         13.      AMENDMENT OF THIS PLAN.

                  This Plan may be amended by the stockholders of the
Corporation. This Plan may also be amended by the Board. Any modification or
amendment of this Plan shall not, without the consent of an Optionee, adversely
affect his or her rights under an Option previously granted to him or her. With
the consent of the Optionee affected, the Board may amend such Optionee's
outstanding Option Agreements in a manner which may be materially adverse to
such Optionee but which is not inconsistent with this Plan. In the discretion of
the Board, outstanding Option Agreements may be amended by the Board in a manner
which is not materially adverse to the Optionee.

         14.      CAPTIONS.

                  The use of captions in this Plan is for convenience. The
captions are not intended to provide substantive rights or to affect the
construction or interpretation of the provisions of this Plan.

                                                                              10
<Page>

         15.      WITHHOLDING TAXES.

                  In the event that any federal, state, or local income taxes,
employment taxes, Federal Insurance Contributions Act withholdings or other
amounts are required by applicable law or governmental regulation to be withheld
from the Optionee's remuneration in connection with the exercise of an Option,
the Corporation may withhold from such Optionee's remuneration, or may require
the Optionee to advance in cash to the Corporation, the amount of such
withholdings, unless a different withholding arrangement is authorized by the
Board; PROVIDED, HOWEVER, any such withholding arrangement shall be in
compliance with any applicable provisions of Rule 16b-3. The Board may condition
the transfer of any shares of Common Stock or the removal of any restrictions on
any Option on the satisfaction by the Optionee of the foregoing withholding
obligations.

         16.      NUMBER AND GENDER.

                  With respect to words used in this Plan, the singular form
shall include the plural form, the masculine gender shall include the feminine
gender, and vice-versa, as the context requires.

         17.      NONEXCLUSIVITY OF THIS PLAN.

                  Neither the adoption of this Plan by the Board, the submission
of this Plan to the stockholders of the Corporation for approval, nor any
provision of this Plan shall be construed as creating any limitations on the
power of the Board or the Board to adopt such additional compensation
arrangements as it may deem desirable, including, without limitation, the
granting of stock options otherwise than under this Plan, and such arrangements
may be either generally available or applicable only in specific cases.

         18.      GOVERNING LAW.

                  The validity and construction of this Plan and the instruments
evidencing the Options granted hereunder shall be governed by the laws of the
State of Delaware without regard to conflict of laws provisions thereunder.

                                                                              11

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