Document:

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                                                                   EXHIBIT 10.24

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                               GUARANTY AGREEMENT

                                      from

                            DISCOUNT AUTO PARTS, INC.

                            Dated as of May 30, 2000

================================================================================

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                                TABLE OF CONTENTS

                                                                            Page

SECTION 1. Guaranty...........................................................1

SECTION 2. Bankruptcy.........................................................2

SECTION 3. Continuing Guaranty................................................2

SECTION 4. Reinstatement......................................................3

SECTION 5. Certain Actions....................................................3

SECTION 6. Application........................................................3

SECTION 7. Waiver.............................................................3

SECTION 8. Assignment.........................................................4

SECTION 9. Miscellaneous......................................................4

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                               GUARANTY AGREEMENT

         THIS GUARANTY AGREEMENT, dated as of May 30, 2000 (as amended or
otherwise modified from time to time, this "Guaranty"), is made by DISCOUNT AUTO
PARTS, INC., a Florida corporation ("DAP" or "Guarantor").

                              W I T N E S S E T H:

         WHEREAS, Guarantor, certain Subsidiaries of DAP that are or may become
party thereto, as Lessees, Atlantic Financial Group, Ltd., as Lessor, the
financial institutions party thereto, as Lenders, and SunTrust Bank, as Agent,
have entered into that certain Master Agreement, dated as of May 30, 2000 (as it
may be modified, amended or restated from time to time as and to the extent
permitted thereby, the "Master Agreement"; and, unless otherwise defined herein,
terms which are defined or defined by reference in the Master Agreement
(including Appendix A thereto) shall have the same meanings when used herein as
such terms have therein); and

         WHEREAS, it is a condition precedent to the Funding Parties
consummating the transactions to be consummated on the Initial Closing Date that
the Guarantor execute and deliver this Guaranty; and

         WHEREAS, it is in the best interests of the Guarantor that the
transactions contemplated by the Master Agreement be consummated on the Initial
Closing Date; and

         WHEREAS, this Guaranty, and the execution, delivery and performance
hereof, have been duly authorized by all necessary corporate action of
Guarantor; and

         WHEREAS, this Guaranty is offered by the Guarantor as an inducement to
the Funding Parties to consummate the transactions contemplated in the Master
Agreement, which transactions, if consummated, will be of benefit to Guarantor;

         NOW, THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the Guarantor, the Guarantor hereby agrees as follows:

         SECTION 1. Guaranty. Guarantor hereby unconditionally guarantees to the
Agent and the Funding Parties the full and prompt payment when due, whether by
acceleration or otherwise, and at all times thereafter, and the full and prompt
performance, of all of the Liabilities (as hereinafter defined), including rent,
interest and earnings on any such Liabilities whether accruing before or after
any bankruptcy or insolvency case or proceeding involving Guarantor, or any
other Person and, if rent, interest or earnings on any portion of such
obligations ceases to

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accrue by operation of law by reason of the commencement of such case or
proceeding, including such rent, interest and earnings as would have accrued on
any such portion of such obligations if such case or proceeding had not
commenced, and further agrees to pay all reasonable expenses (including
reasonable attorneys' fees and legal expenses) actually paid or incurred by each
of the Funding Parties in endeavoring to collect the Liabilities, or any part
thereof, and in enforcing this Guaranty. The term "Liabilities", as used herein,
shall mean all of the following, in each case howsoever created, arising or
evidenced, whether direct or indirect, joint or several, absolute or contingent,
or now or hereafter existing, or due or to become due: (i) all amounts payable
by the Lessees or the Construction Agent to the Agent and the Funding Parties
under the Lease (including, without limitation, Basic Rent, Supplemental Rent
and the Recourse Deficiency Amount), the Master Agreement, the Construction
Agency Agreement or any other Operative Document, and (ii) all principal of the
Notes and interest accrued thereon, and all additional amounts and other sums at
any time due and owing, and required to be paid, to the Funding Parties under
the terms of the Master Agreement, the Loan Agreement, the Construction Agency
Agreement, the Assignments of Lease and Rents, the Mortgages, the Notes or any
other Operative Document; provided, however, that the Guarantor will not be
obligated to pay to the Agent and Funding Parties under this Guaranty any
amounts greater than the Lessees and the Construction Agent would have had to
pay to the Agent and the Funding Parties under the Lease, the Master Agreement,
the Construction Agency Agreement and the other Operative Documents assuming
that such documents were enforced in accordance with their terms (and without
giving effect to any discharge or limitation thereon resulting or arising by
reason of the bankruptcy or insolvency of a Lessee), plus all actual and
reasonable costs of enforcing this Guaranty.

         By way of extension but not in limitation of any of its other
obligations hereunder, Guarantor stipulates and agrees that if any foreclosure
proceedings are commenced with respect to any Leased Property and result in the
entering of a foreclosure judgment, any such foreclosure judgment, to the extent
related to the Liabilities and payable to any of the Funding Parties, shall be
treated as part of the Liabilities, and Guarantor unconditionally guarantees the
full and prompt payment of such judgment.

         SECTION 2. Bankruptcy. Guarantor agrees that, in the event any
bankruptcy, reorganization or insolvency proceeding shall be instituted by or
against Guarantor and, if instituted against Guarantor, shall not be dismissed
or stayed for a period of ninety (90) days, and if such event shall occur at a
time when any of the Liabilities may not then be due and payable, Guarantor will
pay to the Funding Parties forthwith the full amount which would be payable
hereunder by Guarantor if all Liabilities were then due and payable.

         SECTION 3. Continuing Guaranty. THIS GUARANTY SHALL IN ALL RESPECTS BE
A CONTINUING, ABSOLUTE AND UNCONDITIONAL GUARANTY OF PROMPT AND COMPLETE PAYMENT
AND PERFORMANCE (AND NOT MERELY OF COLLECTION), AND SHALL REMAIN IN FULL FORCE
AND EFFECT (NOTWITHSTANDING, WITHOUT LIMITATION, THE DISSOLUTION OF

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GUARANTOR) UNTIL THE TERMINATION OF THE COMMITMENTS AND THE FULL AND FINAL
PAYMENT OF ALL OF THE LIABILITIES.

         SECTION 4. Reinstatement. Guarantor further agrees that, if at any time
all or any part of any payment theretofore applied to any of the Liabilities is
or must be rescinded or returned for any reason whatsoever (including, without
limitation, the insolvency, bankruptcy or reorganization of Guarantor or any
Lessee), such Liabilities shall, for the purposes of this Guaranty, to the
extent that such payment is or must be rescinded or returned, be deemed to have
continued in existence, notwithstanding such application, and this Guaranty
shall continue to be effective or be reinstated, as the case may be, as to such
Liabilities, all as though such application had not been made.

         SECTION 5. Certain Actions. The Funding Parties may, from time to time
at their discretion and without notice to Guarantor (but subject to the terms of
the other Operative Documents), take any or all of the following actions without
impairing Guarantor's obligations hereunder: (a) retain or obtain (i) a security
interest in any Lessee's interests in the Lease or the Leased Property and (ii)
a lien or a security interest hereafter granted by any Person upon or in any
property, in each case to secure any of the Liabilities or any obligation
hereunder; (b) retain or obtain the primary or secondary obligation of any
obligor or obligors, in addition to the Guarantors, with respect to any of the
Liabilities; (c) extend or renew for one or more periods (regardless of whether
longer than the original period), or release or compromise any obligation of
Guarantor hereunder or any obligation of any nature of any other obligor
(including, without limitation, the Lessor and the Lessees) with respect to any
of the Liabilities; (d) release or fail to perfect its Lien upon or security
interest in, or impair, surrender, release or permit any substitution or
exchange for, all or any part of any property securing any of the Liabilities or
any obligation hereunder, or extend or renew for one or more periods (regardless
of whether longer than the original period) or release or compromise any
obligations of any nature of any obligor with respect to any such property; and
(e) resort to Guarantor for payment of any of the Liabilities, regardless of
whether the Agent or any other Person shall have resorted to any property
securing any of the Liabilities or any obligation hereunder or shall have
proceeded against any Lessee or any other obligor primarily or secondarily
obligated with respect to any of the Liabilities (all of the actions referred to
in this clause (e) being hereby expressly waived by Guarantor).

         SECTION 6. Application. Any amounts received by any Funding Party from
whatever source on account of the Liabilities shall be applied by it toward the
payment of such of the Liabilities, and in such order of application, as is set
forth in the Operative Documents.

         SECTION 7. Waiver. Guarantor hereby expressly waives: (a) notice of the
acceptance of this Guaranty; (b) notice of the existence or creation or
non-payment of all or any of the Liabilities; (c) presentment, demand, notice of
dishonor, protest, and all other notices whatsoever; and (d) all diligence in
collection of or realization upon the Liabilities or any thereof, any obligation
hereunder, or any security for or guaranty of any of the foregoing.

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         SECTION 8. Assignment. Subject to Section 6 of the Master Agreement,
each Funding Party may, from time to time, whether before or after any
discontinuance of this Guaranty, at its sole discretion and without notice to
Guarantor, assign or transfer any or all of its portion of the Liabilities or
any interest therein; and, notwithstanding any such assignment or transfer or
any subsequent assignment or transfer thereof, such Liabilities shall be and
remain Liabilities for the purposes of this Guaranty, and each and every such
immediate and successive assignee or transferee of any of the Liabilities or of
any interest therein shall, to the extent of such assignee's or transferee's
interest in the Liabilities, be entitled to the benefits of this Guaranty to the
same extent as if such assignee or transferee were such Funding Party.

         SECTION 9. Miscellaneous. No delay in the exercise of any right or
remedy shall operate as a waiver thereof, and no single or partial exercise of
any right or remedy shall preclude other or further exercise thereof or the
exercise of any other right or remedy; nor shall any modification or waiver of
any of the provisions of this Guaranty be binding upon any Funding Party except
as expressly set forth in a writing duly signed and delivered on its behalf. No
action permitted hereunder shall in any way affect or impair any Funding Party's
rights or Guarantor's obligations under this Guaranty. For the purposes of this
Guaranty, Liabilities shall include all of the obligations described in the
definition thereof, notwithstanding any right or power of any Lessee or the
Lessor or anyone else to assert any claim or defense (other than final payment
or full performance) as to the invalidity or unenforceability of any such
obligation, and no such claim or defense shall affect or impair the obligations
of Guarantor hereunder. Guarantor hereby acknowledges that there are no
conditions to the effectiveness of this Guaranty.

         This Guaranty shall be binding upon Guarantor and upon Guarantor's
successors and permitted assigns; and all references herein to Guarantor shall
be deemed to include any successor or successors thereof, whether immediate or
remote, to such Person; provided that Guarantor shall not assign its obligations
hereunder without the prior written consent of the Funding Parties.

         Wherever possible each provision of this Guaranty shall be interpreted
in such manner as to be effective and valid under Applicable Law, but if any
provision of this Guaranty shall be prohibited by or invalid thereunder, such
provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Guaranty.

         GUARANTOR: (a) SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION
OR PROCEEDING RELATING TO THIS GUARANTY, OR FOR RECOGNITION AND ENFORCEMENT OF
ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF
THE COURTS OF THE STATE OF FLORIDA, THE COURTS OF THE UNITED STATES OF AMERICA
FOR THE MIDDLE DISTRICT OF FLORIDA, AND APPELLATE COURTS FROM ANY THEREOF; (b)
CONSENTS THAT ANY SUCH ACTION OR PROCEEDINGS MAY BE BROUGHT TO SUCH COURTS, AND
WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH
ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS
BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME; AND
(c) AGREES

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THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY
MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT OF THE FUNDING PARTIES TO SUE
IN ANY OTHER JURISDICTION.

         All notices, demands, declarations, consents, directions, approvals,
instructions, requests and other communications required or permitted by this
Guaranty shall be in writing and shall be deemed to have been duly given when
addressed to the appropriate Person and delivered in the manner specified in
Section 8.2 of the Master Agreement.

         THIS GUARANTY SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
LAWS OF THE STATE OF FLORIDA, WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES.

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         IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be executed
and delivered as of the date first above written.

                                           DISCOUNT AUTO PARTS, INC.

                                           By:__________________________________
                                               Name Printed:____________________
                                               Title:___________________________

                                                                        GUARANTY

                                       S-1July 5, 2000

PERSONAL & CONFIDENTIAL

Bill Bracy
Bell Sports, Inc.
6350 San Ignacio
San Jose, California 95119

     Re:  Separation Agreement

Dear Bill,

     This Letter Agreement  ("Agreement") sets forth the terms and conditions of
your separation from Bell Sports Corp. and Bell Sports, Inc. (collectively,  the
"Company").  Your employment with the Company will be terminated as of August 4,
2000. The Company  appreciates  your service to Bell Sports and sincerely wishes
you the very best in your future endeavors.

     In  consideration  of the  mutual  covenants  and  promises  made  in  this
Agreement, you and the Company agree as follows:

     EFFECTIVE  DATE OF AGREEMENT.  This  Agreement  will be effective as of the
eighth day after you sign it.

     TERMINATION.  Your employment with the Company will be terminated effective
August 4, 2000.

     SEPARATION COMPENSATION.  In consideration for your signing this Agreement,
the Company  agrees to pay to you,  within ten (10) days  following  the date of
your  termination,  at the  home  address  listed  in your  employment  records,
Separation  Compensation  as set  forth  below  (less all  applicable  state and
federal  tax  withholding  and other  lawful  deductions,  and any loan  amounts
outstanding to the Company):

     (1) The full  annual  bonus to which you would have been  entitles  for the
current  fiscal year,  as if you were fully  employed  for the fiscal  year,  if
earned and payable when other  employee  bonus  payments are made  following the
year end  audit,  in the  amount  of Two  Hundred  Sixty  One  Thousand  Dollars
($261,000.00); and
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     (2) A lump-sum  amount equal to your  highest  annual base salary in effect
during the 12-month period prior to the date of your termination,  in the amount
of Two Hundred Ninety Thousand Dollars ($290,000.00).

     BENEFIT  CONTINUATION.  For a  period  of one  year  from  the date of your
termination,  the  Company  will  continue  to keep in full force and effect all
medical, dental,  accident,  disability and life insurance plans with respect to
you and your  dependents  with the same level of coverage,  upon the same terms,
and to the same  extent as such plans were in effect  immediately  prior to your
termination. Your execution of this Agreement will not be considered a waiver of
any rights or entitlements you and your dependents may have under applicable law
to  continuation  of coverage  under the group  medical plan  maintained  by the
Company

     OUTPLACEMENT SERVICES. The Company will reimburse you for your expenditures
for obtaining  outplacement services,  provided,  however, that the Company will
have no obligation  to reimburse you in an amount  exceeding 10% of your highest
annual base salary from the Company in effect  during the 12-month  period prior
to your termination.

     OUTSTANDING  LOANS. There are currently two outstanding loans to you, which
will be treated as follows:

     (1)  A  loan  in  the  amount  of  One  Hundred  Fifty   Thousand   Dollars
($150,000.00),  with a current  principal balance of One Hundred Twelve Thousand
Five Hundred Dollars ($112,500.00), evidenced by the Promissory Note dated April
8, 1998 between you and Chris Bracy as payors and Bell Sports, Inc. as payee. By
its own terms,  this note provides that the principal balance is due and payable
upon your  termination,  and the  outstanding  balance will be deducted from the
amount of your Separation Compensation; and

     (2) A loan in the amount of One Hundred  Fifteen  Thousand  Ten Dollars and
Seventy Seven Cents  ($115,010.77),  with a current  principal balance of Ninety
One  Thousand  One  Hundred  Sixty One  Dollars  and Seven  Cents  ($91,161.07),
evidenced by the Promissory Note dated January 29, 1999 between you as maker and
Bell Sports Corp. as payee. Payment of this note will be accelerated pursuant to
the terms and conditions of the Bell Sports Corp.  Investment and Incentive Plan
and the Bell Sports Corp. Class C Investment Plan, both dated December 21, 1998,
and the outstanding balance will become payable upon the earlier to occur of (i)
a Liquidity Event (in which case this  Promissory  Note will become  immediately
due and payable) or (ii) your employment  termination date of August 4, 2000 (in
which case the amount due and payable  will be deducted  from the amount of your
Separation Compensation).

     STOCK. Notwithstanding any provision to the contrary which may be contained
in either the Bell Sports Corp. Investment and Incentive Plan or the Bell Sports
Corp.  Class C Investment  and Incentive  Plan, the shares of Series A Preferred
Stock,  Class A Common  Stock,  Class B Common  Stock,  and Class C Common Stock
described in the Bell Sports Corp. Form of Stock Purchase Agreement and the Bell

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Sports Corp.  Form of Class C Stock Purchase  Agreement,  both dated January 29,
1999 will continue to vest to the degree  consistent with your employment by the
Company until October 1, 2000

     RELEASE.  You hereby  release and discharge the Company and its  divisions,
affiliates,  parents, subsidiaries,  predecessor and successor corporations, and
the past and present directors,  officers, management committees,  shareholders,
agents, servants, employees, representatives,  administrators, partners, general
partners,  managing  partners,  limited  partners,  benefit plan fiduciaries and
administrators,   assigns,   heirs,  successors  or  predecessors  in  interest,
adjustors,  and  attorneys,  from all  rights,  claims,  causes of  action,  and
damages, both known and unknown, in law or in equity,  concerning and/or arising
out of your  employment  with the  Company  prior to the date of this  Agreement
which you now have, or ever had, included but not limited to any rights, claims,
causes of action or damages  arising  under Title VII of the Civil Rights Act of
1964,  the Age  Discrimination  in Employment  Act of 1967,  the Older  Workers'
Benefit  Protection Act, Employee  Retirement Income Security Act, the Americans
with  Disabilities  Act, the California Fair Employment and Housing Act, and the
California Labor Code.

     You  hereby  waive and  relinquish  all  rights and  benefits  afforded  by
California   Civil  Code  section  1542.  You  understand  and  acknowledge  the
significance   and  consequences  of  this  specific  waiver  of  section  1542.
California Civil Code section 1542 states as follows:

     A general  release does not extend to claims  which the  creditor  does not
     know or suspect to exist in his favor at the time of executing the release,
     which if known to him must have materially affected his settlement with the
     debtor.

     RETURN OF COMPANY PROPERTY;  EXPENSES.  You agree to immediately return all
Company  property  and  equipment  in your  possession  or under  your  control,
including,  but not limited to, keys, car phone, computer hardware and software,
manuals,  notebooks,  financial  statements,  reports,  product samples, and any
other property of the Company.  You must  immediately  submit to the Company all
outstanding  business  expenses  incurred  on or before  your  termination,  for
reconciliation and payment.

     TRADE  SECRETS.  You  acknowledge  and  agree  that:  (a) by reason of your
position  with the  Company,  you have  been  given  access to  certain  pricing
structures, product development ideas, product specifications,  product samples,
customer lists, and agreements,  fee schedules,  and various  agreements between
the Company and its  customers,  vendors,  sales  representatives,  contractors,
licensees  and others which are unique to the Company,  as well as the Company's
financial records and other confidential materials and information;  and (b) the
foregoing  constitute trade secrets and/or confidential  information  respecting
the Company's business affairs. You agree, covenant and represent, that you have
held,  and will hold,  all such trade secrets  and/or  confidential  information
confidential  and that you will not  disclose  or use such  information  for any

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<PAGE>
reason without the prior written consent of the Company. You agree that you will
immediately  return all  documents  and  writings  of any kind,  including  both
originals and copies, within your custody, possession, or control, which contain
any  information  which in any way  relates  or  refers to the  Company's  trade
secrets or confidential information. You further agree not to solicit or attempt
to solicit  directly or indirectly,  any employees or contractors of the Company
or its  affiliates,  either  for your own  purpose  or for any  other  person or
entity.  You further agree not to divulge any of the Company's  trade secrets or
confidential  information  to  solicit  or  attempt  to  solicit,   directly  or
indirectly,  contractors, licensees, or customers of the Company either for your
own purpose of for any other person or entity.

     LEGAL  REPRESENTATION.  You and the Company each  acknowledge that you have
had the opportunity to receive the advice of independent  legal counsel prior to
the  execution of the Agreement and the  opportunity  to receive an  explanation
from legal counsel of the legal nature and effect of the Agreement, and you have
fully  exercised  that  opportunity to the extent desired and you understand the
terms and  provisions of this  Agreement and its nature and effect.  You further
represent that you are entering into this Agreement freely and voluntarily.

     NO ADMISSION OF LIABILITY.  Nothing contained in this Agreement or the fact
that the Company has signed this  Agreement  shall be considered as admission of
any liability whatsoever by the Company.

     CONFIDENTIALITY. As a material inducement to the Company to enter into this
Agreement and as an  indivisible  part of the  consideration  to be received for
entering into this Agreement and for the  performance of obligations  under this
Agreement by each party to this Agreement, you agree that you will not disclose,
disseminate, and/or publicize or cause or permit to be disclosed,  disseminated,
and/or  publicized,  any of the specific terms of this Agreement,  any claims or
allegations or the basis for any claims or allegations, which were or could have
been  made  against  the  Company  and  its  divisions,   affiliates,   parents,
subsidiaries,  predecessor and successor corporations,  and the past and present
directors,  officers,  management committees,  shareholders,  agents,  servants,
employees, representatives, administrators, partners, general partners, managing
partners,   limited  partners,  benefit  plan  fiduciaries  and  administrators,
assigns,  heirs,  successors  or  predecessors  in  interest,   adjustors,   and
attorneys, which concern and are within the scope of this Agreement, directly or
indirectly, specifically or generally, to any person, corporation,  association,
governmental  agency,  or other entity  except:  (a) to the extent  necessary to
report income to appropriate taxing authorities;  (b) in response to an order of
a court of competent  jurisdiction or a subpoena issued under authority thereof;
(c) in  response  to any  subpoena  issue d by a state or  federal  governmental
agency; or (d) as otherwise required by law.

     NON DISPARAGEMENT.  As a material inducement to both you and the Company to
enter  into this  Agreement,  you and the  Company  each  agree that you and the
Company will not make any negative or disparaging comments about one another.

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<PAGE>
     WAIVER.  No  waiver of any of the  provisions  of this  Agreement  shall be
deemed,  or shall  constitute,  a waiver of any other provision,  whether or not
similar.  No waiver shall  constitute a  continuing  waiver.  No waiver shall be
binding unless executed in writing by the party charged with the waiver.

     SEVERABILITY.  In the  event  any  provision  of  the  Agreement  shall  be
determined  to be unlawful,  such  provision  shall be deemed to be severed from
this Agreement and every other  provision of this Agreement shall remain in full
force and effect.

     ENTIRE  INTEGRATED   AGREEMENT.   This  Agreement  constitutes  the  entire
integrated  agreement  between you and the Company  and  supersedes  any and all
other agreements,  understandings,  negotiations, or discussions, either oral or
in writing, express or implied, between you and the Company.

     FEES AND COSTS.  You and the Company  agree that in the event of litigation
relating to this Agreement, the prevailing party shall be entitled to reasonable
attorneys' fees and costs.

     CONSIDERATION  PERIOD.  You have  twenty-one (21) days from receipt of this
Agreement  to consider  it. The Company  hereby  advises you to consult  with an
attorney before signing this Agreement.

     REVOCATION  PERIOD. For a period of seven (7) days following the signing of
this  Agreement,  you may revoke this  Agreement.  The Agreement does not become
effective or enforceable until the revocation period has expired.

     Please  acknowledge your  understanding and acceptance of this Agreement by
signing  this  Agreement   below  and  returning  it  to  me  at  your  earliest
convenience,  but no later than 5:00 p.m. on __________,  2000, the twenty-first
day from the day you receive this Agreement.  An extra copy of the Agreement has
been signed by me and is attached for your records.

                                        Sincerely,

                                        BELL SPORTS CORP.

                                        By: /s/ Tikie Holewski
                                            ------------------------------------
                                            Its: Senior Vice President

                                        BELL SPORTS, INC.

                                        By: /s/ Tikie Holewski
                                            ------------------------------------
                                            Its: Senior Vice President

ACKNOWLEDGED AND AGREED:

Dated: July 10, 2000.                   /s/ W L Bracy
                                        ----------------------------------------
                                        William Bracy

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