0001193125-03-072393 Sample Contracts

EXCHANGE AGREEMENT
Exchange Agreement • November 4th, 2003 • K2 Inc • Sporting & athletic goods, nec • Delaware

THIS EXCHANGE AGREEMENT, dated as of October 22, 2003 (the “Agreement”), is by and between K2 Inc., a Delaware corporation (“Parent”), and Charter Oak Partners (the “Stockholder”), a Connecticut limited partnership and a stockholder of Brass Eagle Inc., a Delaware corporation (the “Company”). Terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Merger Agreement (as defined below).

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FORM OF NON-COMPETITION AGREEMENT
Non-Competition Agreement • November 4th, 2003 • K2 Inc • Sporting & athletic goods, nec • Delaware

THIS NON-COMPETITION AGREEMENT (this “Agreement”) is entered into as of , by and among K2 Inc., a Delaware corporation (“Parent”), Brass Eagle Inc., a Delaware corporation (the “Company”), and the undersigned stockholder of the Company, Charter Oak Partners, a Connecticut limited partnership (“Stockholder”).

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