January 7, 1999 Mark Goldman Eastpak, Inc. Cross Point Tower 1, 12th Floor Lowell, MA 01851-8113 Dear Mark: The purpose of this letter is to set forth the terms of our agreement for your continued employment with Coleman. The following are the key elements of our agreement: Title: Chairman, Eastpak Effective Date: January 1, 1999 Salary: $300,000.00/annual Bonus Target: 70% of Salary, to be prorated if you terminate employment during the year for any reason other than good cause. Stock Options: 30,000 shares, subject to approval by the Sunbeam Compensation Committee. Vesting will be accelerated from our normal practice such that 50% will vest on July 1, 1999 and 50% will vest on December 31, 1999. Car Allowance: $725.00/month Vacation: 4 weeks Benefits: Standard Sunbeam benefits. Notice Period: Three months by either party. If you agree to these basic terms, we will complete a more formal Employment Agreement as soon as possible. Sincerely, Jerry W. Levin --------------------- Jerry W. Levin, CEO Agreed to by: Mark Goldman - ---------------- Mark Goldman