0000950123-05-002586 Sample Contracts

EMPLOYMENT AGREEMENT BETWEEN NATIONAL WATERWORKS, INC. AND PHILIP KEIPP MARCH 1, 2005
Employment Agreement • March 3rd, 2005 • National Waterworks Inc • Wholesale-hardware & plumbing & heating equipment & supplies • Delaware

THIS EMPLOYMENT AGREEMENT dated as of March 1, 2005 between National Waterworks, Inc., a Delaware corporation, (the “Company”), and Philip Keipp (the “Executive”).

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NATIONAL WATERWORKS HOLDINGS, INC. STOCK OPTION AGREEMENT
Stock Option Agreement • March 3rd, 2005 • National Waterworks Inc • Wholesale-hardware & plumbing & heating equipment & supplies • New York

THIS STOCK OPTION AGREEMENT (this “Option Agreement”) is entered into as of March 1, 2005 by and between National Waterworks Holdings, Inc., a Delaware corporation (the “Company”), and Philip Keipp (the “Optionee”) and evidences the stock option (the “Option”) granted by the Company to the Optionee as of the Award Date and as to the number of shares of the Company’s Class A Common Stock, $0.01 par value (the “Common Stock”), first set forth below.

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