MERCHANTS & FARMERS
                             BANK PROFIT AND SAVINGS PLAN

Defined Contribution Plan 8.0

Restated January 1, 2005

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                                    TABLE OF CONTENTS

INTRODUCTION.....................................................................1

ARTICLE I FORMAT AND DEFINITIONS.................................................2
     SECTION 1.01--FORMAT........................................................2
     SECTION 1.02--DEFINITIONS...................................................2

ARTICLE II PARTICIPATION.........................................................18

     SECTION 2.01--ACTIVE PARTICIPANT............................................18
     SECTION 2.02--INACTIVE PARTICIPANT..........................................19
     SECTION 2.03--CESSATION OF PARTICIPATION....................................19
     SECTION 2.04--ADOPTING EMPLOYERS - SINGLE PLAN .............................19

ARTICLE III CONTRIBUTIONS........................................................20

     SECTION 3.01--EMPLOYER CONTRIBUTIONS........................................20
     SECTION 3.01A--ROLLOVER CONTRIBUTIONS.......................................21
     SECTION 3.02--FORFEITURES...................................................22
     SECTION 3.03--ALLOCATION....................................................23
     SECTION 3.04--CONTRIBUTION LIMITATION.......................................24
     SECTION 3.05--EXCESS AMOUNTS................................................28
     SECTION 3.06--PROHIBITED ALLOCATIONS OF EMPLOYER STOCK......................37

ARTICLE IV INVESTMENT OF CONTRIBUTIONS...........................................38

     SECTION 4.01--INVESTMENT AND TIMING OF CONTRIBUTIONS .......................38
     SECTION 4.02--EMPLOYER STOCK FUND-INVESTMENT MATTERS........................39

ARTICLE V BENEFITS...............................................................44

     SECTION 5.01--RETIREMENT BENEFITS...........................................44
     SECTION 5.02--DEATH BENEFITS................................................44
     SECTION 5.03--VESTED BENEFITS...............................................44
     SECTION 5.04--WHEN BENEFITS START...........................................44
     SECTION 5.05--WITHDRAWAL BENEFITS...........................................45
     SECTION 5.06--DISTRIBUTIONS UNDER QUALIFIED DOMESTIC RELATIONS ORDERS.......47

ARTICLE VI DISTRIBUTION OF BENEFITS..............................................49

     SECTION 6.01--OPTIONAL FORM OF DISTRIBUTION.................................49
     SECTION 6.02--ELECTION PROCEDURES...........................................50
     SECTION 6.03--NOTICE REQUIREMENTS...........................................52
     SECTION 6.04--FORM OF DISTRIBUTION FROM EMPLOYER STOCK FUND ................52
     SECTION 6.05--PUT OPTION....................................................53

ARTICLE VII DISTRIBUTION REQUIREMENTS............................................54

     SECTION 7.01--APPLICATION...................................................54
     SECTION 7.02--DEFINITIONS...................................................54
     SECTION 7.03--DISTRIBUTION REQUIREMENTS.....................................54
     SECTION 7.04--TRANSITIONAL RULE.............................................55

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ARTICLE VIII TERMINATION OF THE PLAN.............................................57

ARTICLE IX ADMINISTRATION OF THE PLAN............................................58

     SECTION 9.01--ADMINISTRATION................................................58
     SECTION 9.02--EXPENSES......................................................58
     SECTION 9.03--RECORDS.......................................................58
     SECTION 9.04--INFORMATION AVAILABLE.........................................58
     SECTION 9.05--CLAIM AND APPEAL PROCEDURES...................................59
     SECTION 9.06--DELEGATION OF AUTHORITY.......................................59
     SECTION 9.07--EXERCISE OF DISCRETIONARY AUTHORITY...........................59
     SECTION 9.08--TRANSACTION PROCESSING........................................60
     SECTION 9.09 --EMPLOYER STOCK FUND - ADMINISTRATIVE MATTERS ................60

ARTICLE X GENERAL PROVISIONS.....................................................63

     SECTION 10.01--AMENDMENTS ..................................................63
     SECTION 10.02--DIRECT ROLLOVERS ............................................64
     SECTION 10.03--MERGERS AND DIRECT TRANSFERS.................................65
     SECTION 10.04--PROVISIONS RELATING TO THE INSURER AND OTHER PARTIES.........65
     SECTION 10.05--EMPLOYMENT STATUS............................................66
     SECTION 10.06--RIGHTS TO PLAN ASSETS........................................66
     SECTION 10.07--BENEFICIARY..................................................66
     SECTION 10.08--NONALIENATION OF BENEFITS....................................67
     SECTION 10.09--CONSTRUCTION.................................................67
     SECTION 10.10--LEGAL ACTIONS................................................67
     SECTION 10.11--SMALL AMOUNTS................................................67
     SECTION 10.12--WORD USAGE...................................................68
     SECTION 10.13--CHANGE IN SERVICE METHOD.....................................68
     SECTION 10.14--MILITARY SERVICE.............................................69

ARTICLE XI TOP-HEAVY PLAN REQUIREMENTS...........................................70

     SECTION 11.01--APPLICATION..................................................70
     SECTION 11.02--DEFINITIONS..................................................70
     SECTION 11.03--MODIFICATION OF VESTING REQUIREMENTS ........................72
     SECTION 11.04--MODIFICATION OF CONTRIBUTIONS................................73

ARTICLE XII SPECIAL MERGED PLAN ISSUES...........................................75

     SECTION 12.01--GENERALLY....................................................75
     SECTION 12.02--FIRST NATIONAL BANK OF BOLIVAR COUNTY .......................75
     SECTION 12.03--COMMUNITY FEDERAL SAVINGS BANK...............................76
     SECTION 12.04--REYNOLDS INSURANCE & REAL ESTATE AGENCY, INC. ...............77
     SECTION 12.05--HOUSE OF INSURANCE, INC......................................78
     SECTION 12.06--TYLER, KING & RYDER, INC.....................................79
     SECTION 12.07--INSURANCE SERVICES, INC......................................79
     SECTION 12.08--M&F BUSINESS CREDIT, INC.....................................80

PLAN EXECUTION...................................................................81

ADDENDUM.........................................................................82

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INTRODUCTION

The Primary Employer previously established a profit sharing plan on January 1,
1969. The plan has been amended and restated from time to time, with the most
recent restatement being made effective as of January 1, 2001 to bring the plan
into compliance with various provisions of the law commonly known as “GUST.”

The Primary Employer is of the opinion that the plan should again be changed,
and it believes that the best means to accomplish these changes is to completely
restate the plan’s terms, provisions and conditions. The restatement, effective
January 1, 2005, is set forth in this document and is substituted in lieu of the
prior document with the exception of the Economic Growth and Tax Relief
Reconciliation Act of 2001 (EGTRRA) good faith compliance amendment and any
model amendment. Such amendment(s) shall continue to apply to this restated plan
until such provisions are integrated into the plan or such amendment(s) are
superseded by another amendment.

The restated plan continues to be for the exclusive benefit of employees of the
Employer. All persons covered under the plan on December 31, 2004, shall
continue to be covered under the restated plan with no loss of benefits.

The portion of the Plan that consists of the Employer Stock Fund and the ESOP
Subaccounts is a stock bonus and employee stock ownership plan (within the
meaning of Code Section 4975(e)(7)) and is designed to invest in Employer Stock.
The portion of the Plan that consists of the remaining Plan Fund and the
Non-ESOP Subaccounts (other than the Predecessor Plan Subaccounts) is a profit
sharing plan that includes a cash or deferred arrangement that is intended to
qualify under Code Section 401(k). The portion of the Plan that consists of the
Predecessor Plan Subaccounts reflects account balances transferred from other
plans (as a result of a merger or account transfer) which will retain the status
of the Predecessor Plan to the extent not invested in the Employer Stock Fund.

The Plan generally provides for participant-directed investments and is intended
to comply with ERISA Section 404(c).

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ARTICLE I
FORMAT AND DEFINITIONS
SECTION 1.01--FORMAT.

Words and phrases defined in the DEFINITIONS SECTION of Article I shall have
that defined meaning when used in this Plan, unless the context clearly
indicates otherwise.

These words and phrases have an initial capital letter to aid in identifying
them as defined terms.

SECTION 1.02--DEFINITIONS.

Account means, for a Participant, his share of the Plan Fund. Separate
accounting records are kept for those parts of his Account that result from:

(a) Elective Deferral Contributions

(b) Matching Contributions

(c) Qualified Nonelective Contributions

(d) ESOP Contributions (other than cash dividends paid on Employer Stock and initially reinvested in
    Employer Stock at the election of the Participant)

(e) Rollover Contributions

(f) Contributions which were made under a defined contribution plan of a Predecessor Employer that
    have been merged into or otherwise transferred to this Plan, other than as a Rollover Contribution
    (these separate accounts are referred to as "Merged Plan Accounts"). More than one Merged Plan
    Account may be maintained with respect to a given merger or transfer as deemed appropriate by
    the Plan Administrator to account for different contribution sources within the plan of the
    Predecessor Employer.

(g) Dividends paid on shares of Employer Stock credited to the account maintained to reflect ESOP
Contributions (with a separate dividend source account for each such type of Contribution) that are
initially reinvested in Employer Stock at the election of the Participant

If the Participant’s Vesting Percentage is less than 100% as to any of the
Employer Contributions, a separate accounting record will be kept for any part
of his Account resulting from such Employer Contributions and, if there has been
a prior Forfeiture Date, from such Contributions made before a prior Forfeiture
Date.

A Participant’s Account shall be reduced by any distribution of his Vested
Account and by any Forfeitures. A Participant’s Account shall participate in the
earnings credited, expenses charged, and any appreciation or depreciation of the
Investment Fund. His Account is subject to any minimum guarantees applicable
under the Annuity Contract or other investment arrangement and to any expenses
associated therewith.

An ESOP Subaccount shall be maintained for each of the separate recordkeeping
accounts specified above to reflect the portion thereof that is invested in the
Employer Stock Fund, and a Non-ESOP Subaccount will be maintained to reflect
portion thereof that is otherwise invested within the Plan Fund. The ESOP
Subaccounts are for bookkeeping purposes only and the maintenance of ESOP
Subaccounts will not, by itself, require any segregation of assets within the
Employer Stock Fund or the Trust Fund.

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Accounts and Subaccounts in addition to those specified above may also be
maintained if considered appropriate in the administration of the Plan.

Accrual Computation Period means a consecutive 12-month period ending on the
last day of each Plan Year, including corresponding consecutive 12-month periods
before January 1, 1969.

ACP Test means the nondiscrimination test described in Code Section 401(m)(2) as
provided for in subparagraph (d) of the EXCESS AMOUNTS SECTION of Article III.

Active Participant means an Eligible Employee who is actively participating in
the Plan according to the provisions in the ACTIVE PARTICIPANT SECTION of
Article II.

Adopting Employer means an employer which is a Controlled Group member and which
is listed in the ADOPTING EMPLOYERS - SINGLE PLAN SECTION of Article II.

ADP Test means the nondiscrimination test described in Code Section 401(k)(3) as
provided for in subparagraph (c) of the EXCESS AMOUNTS SECTION of Article III.

Affiliated Service Group means any group of corporations, partnerships or other
organizations of which the Employer is a part and which is affiliated within the
meaning of Code Section 414(m) and regulations thereunder. Such a group includes
at least two organizations one of which is either a service organization (that
is, an organization the principal business of which is performing services), or
an organization the principal business of which is performing management
functions on a regular and continuing basis. Such service is of a type
historically performed by employees. In the case of a management organization,
the Affiliated Service Group shall include organizations related, within the
meaning of Code Section 144(a)(3), to either the management organization or the
organization for which it performs management functions. The term Controlled
Group, as it is used in this Plan, shall include the term Affiliated Service
Group.

Annual Compensation means, for a Plan Year, the Employee's Compensation for the
Compensation Year ending with or within the consecutive 12-month period ending
on the last day of the Plan Year.

Annual Compensation shall only include Compensation received while an Active
Participant.

Annuity Contract means the annuity contract or contracts into which the Trustee
enters with the Insurer for guaranteed benefits, for the investment of
Contributions in separate accounts, and for the payment of benefits under this
Plan. The term Annuity Contract as it is used in this Plan shall include the
plural unless the context clearly indicates the singular is meant.

Annuity Starting Date means, for a Participant, the first day of the first
period for which an amount is payable as an annuity or any other form.

Annuity Transfer Plan means, with respect to a Participant, a defined benefit
pension plan, a money purchase pension plan, or a target benefit pension plan
which provided for an annuity normal form of benefit payment to such Participant
and which transfers to this Plan, on or after the first day of the Plan Year
beginning after December 31, 1984, assets which are attributable to benefits for
the Participant.

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Beneficiary means the person or persons named by a Participant to receive any
benefits under the Plan when the Participant dies. See the BENEFICIARY SECTION
of Article X.

Claimant means any person who makes a claim for benefits under this Plan. See
the CLAIM AND APPEAL PROCEDURES SECTION of Article IX.

Code means the Internal Revenue Code of 1986, as amended.

Compensation means, except for purposes of the CONTRIBUTION LIMITATION SECTION
of Article III and Article XI, the total earnings, except as modified in this
definition, paid or made available to an Employee by the Employer or a
Predecessor Employer which did not maintain this Plan during any specified
period. Earnings exclude earnings while a partner or proprietor of such
Predecessor Employer.

“Earnings” in this definition means wages within the meaning of Code Section
3401(a) and all other payments of compensation to an Employee by the Employer
(in the course of the Employer’s trade or business) for which the Employer is
required to furnish the Employee a written statement under Code Sections
6041(d), 6051(a)(3), and 6052. Earnings must be determined without regard to any
rules under Code Section 3401(a) that limit the remuneration included in wages
based on the nature or location of the employment or the services performed
(such as the exception for agricultural labor in Code Section 3401(a)(2)). The
amount reported in the “Wages, Tips and Other Compensation” box on Form W-2
satisfies this definition.

For any Self-employed Individual, Compensation means Earned Income.

Compensation shall exclude reimbursements or other expense allowances, fringe
benefits (cash and noncash), moving expenses, deferred compensation (other than
elective contributions), and welfare benefits or severance pay.

For purposes of the EXCESS AMOUNTS SECTION of Article III, Compensation shall
not exclude those items listed above unless such Compensation is
nondiscriminatory in accordance with the regulations under Code Section 414(s).

Compensation for purposes of Elective Deferral Contributions and Matching
Contributions shall exclude the following:

         bonuses

Compensation shall also include elective contributions. For this purpose,
elective contributions are amounts contributed by the Employer pursuant to a
salary reduction agreement and which are not includible in the gross income of
the Employee under Code Section 125, 132(f)(4), 402(e)(3), 402(h)(1)(B), or
403(b). Elective contributions also include compensation deferred under a Code
Section 457 plan maintained by the Employer and employee contributions “picked
up” by a governmental entity and, pursuant to Code Section 414(h)(2), treated as
Employer contributions. For years beginning after December 31, 1997, elective
contributions shall also include amounts contributed by the Employer pursuant to
a salary reduction agreement and which are not includible in the gross income of
the Employee under Code Section 132(f)(4).

For purposes of the EXCESS AMOUNTS SECTION of Article III, the Employer may
elect to use an alternative nondiscriminatory definition of Compensation in
accordance with the regulations under Code Section 414(s).

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For Plan Years beginning on or after January 1, 1994, the annual Compensation of
each Participant taken into account for determining all benefits provided under
the Plan for any determination period shall not exceed $150,000, as adjusted for
increases in the cost-of-living in accordance with Code Section 401(a)(17)(B).
The cost-of-living adjustment in effect for a calendar year applies to any
determination period beginning in such calendar year.

If a determination period consists of fewer than 12 months, the annual limit is
an amount equal to the otherwise applicable annual limit multiplied by a
fraction. The numerator of the fraction is the number of months in the short
determination period, and the denominator of the fraction is 12.

If Compensation for any prior determination period is taken into account in
determining a Participant’s contributions or benefits for the current Plan Year,
the Compensation for such prior determination period is subject to the
applicable annual compensation limit in effect for that determination period.
For this purpose, in determining contributions or benefits in Plan Years
beginning on or after January 1, 1994, the annual compensation limit in effect
for determination periods beginning before that date is $150,000.

Compensation means, for a Leased Employee, Compensation for the services the
Leased Employee performs for the Employer, determined in the same manner as the
Compensation of Employees who are not Leased Employees, regardless of whether
such Compensation is received directly from the Employer or from the leasing
organization.

Compensation Year means the consecutive 12-month period ending on the last day
of each Plan Year, including corresponding periods before January 1, 1969.

Contributions means

         Elective Deferral Contributions
         Matching Contributions
         Qualified Nonelective Contributions
         ESOP Contributions
         Rollover Contributions

as set out in Article III, unless the context clearly indicates only specific
contributions are meant.

Controlled Group means any group of corporations, trades, or businesses of which
the Employer is a part that are under common control. A Controlled Group
includes any group of corporations, trades, or businesses, whether or not
incorporated, which is either a parent-subsidiary group, a brother-sister group,
or a combined group within the meaning of Code Section 414(b), Code Section
414(c) and regulations thereunder and, for purposes of determining contribution
limitations under the CONTRIBUTION LIMITATION SECTION of Article III, as
modified by Code Section 415(h) and, for the purpose of identifying Leased
Employees, as modified by Code Section 144(a)(3). The term Controlled Group, as
it is used in this Plan, shall include the term Affiliated Service Group and any
other employer required to be aggregated with the Employer under Code Section
414(o) and the regulations thereunder.

Direct Rollover means a payment by the Plan to the Eligible Retirement Plan
specified by the Distributee.

Distributee means an Employee or former Employee. In addition, the Employee's
(or former Employee's) surviving spouse and the Employee’s (or former
Employee’s) spouse or former spouse who is the alternate payee under a qualified
domestic relations order, as defined in Code Section 414(p), are Distributees
with regard to the interest of the spouse or former spouse.

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Earned Income means, for a Self-employed Individual, net earnings from
self-employment in the trade or business for which this Plan is established if
such Self-employed Individual’s personal services are a material income
producing factor for that trade or business. Net earnings shall be determined
without regard to items not included in gross income and the deductions properly
allocable to or chargeable against such items. Net earnings shall be reduced for
the employer contributions to the Employer’s qualified retirement plan(s) to the
extent deductible under Code Section 404.

Net earnings shall be determined with regard to the deduction allowed to the
Employer by Code Section 164(f) for taxable years beginning after December 31,
1989.

Elective Deferral Contributions means contributions made by the Employer to fund
this Plan in accordance with elective deferral agreements between Eligible
Employees and the Employer.

Elective deferral agreements shall be made, changed, or terminated according to
the provisions of the EMPLOYER CONTRIBUTIONS SECTION of Article III.

Elective Deferral Contributions shall be 100% vested and subject to the
distribution restrictions of Code Section 401(k) when made. See the WHEN
BENEFITS START SECTION of Article V.

Eligibility Service means one year of service for each Eligibility Computation
Period that has ended and in which an Employee is credited with at least 1,000
Hours-of-Service.

However, Eligibility Service is modified as follows:

Service with a Predecessor Employer which did not maintain this Plan included:

     An Employee's service with a Predecessor Employer which did not maintain this Plan shall be included
     as service with the Employer. This service excludes service performed while a proprietor or partner or
     independent contractor.

Period of Military Duty included:

     A Period of Military Duty shall be included as service with the Employer to the extent it has not already
     been credited. For purposes of crediting Hours-of-Service during the Period of Military Duty, an
     Hour-of-Service shall be credited (without regard to the 501 Hour-of-Service limitation) for each hour an
     Employee would normally have been scheduled to work for the Employer during such period.

Controlled Group service included:

     An Employee's service with a member firm of a Controlled Group while both that firm and the Employer
     were members of the Controlled Group shall be included as service with the Employer.

Eligible Employee means any Employee of the Employer who meets the following requirement. His
employment classification with the Employer is the following:

     Not a nonresident alien, within the meaning of Code Section 7701(b)(1)(B), who receives no
     earned income, within the meaning of Code Section 911(d)(2), from the Employer which
     constitutes income from sources within the United States, within the meaning of Code Section
     861(a)(3), or who receives such earned income but it is all exempt from income tax in the United
     States under the terms of an income tax convention.

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     Not a Leased Employee.

     Not an Employee considered by the Employer to be an independent contractor, or the employee of
     an independent contractor, who is later determined by the Internal Revenue Service to be an
     Employee.

Eligible Retirement Plan means an individual retirement account described in
Code Section 408(a), an individual retirement annuity described in Code Section
408(b), an annuity plan described in Code Section 403(a) or a qualified trust
described in Code Section 401(a), that accepts the Distributee’s Eligible
Rollover Distribution. However, in the case of an Eligible Rollover Distribution
to the surviving spouse, an Eligible Retirement Plan is an individual retirement
account or individual retirement annuity.

Eligible Rollover Distribution means any distribution of all or any portion of
the balance to the credit of the Distributee, except that an Eligible Rollover
Distribution does not include: (i) any distribution that is one of a series of
substantially equal periodic payments (not less frequently than annually) made
for the life (or life expectancy) of the Distributee or the joint lives (or
joint life expectancies) of the Distributee and the Distributee’s designated
Beneficiary, or for a specified period of ten years or more; (ii) any
distribution to the extent such distribution is required under Code Section
401(a)(9); (iii) any hardship distribution described in Code Section
401(k)(2)(B)(i)(IV) received after December 31, 1998; (iv) the portion of any
other distribution(s) that is not includible in gross income (determined without
regard to the exclusion for net unrealized appreciation with respect to employer
securities); and (v) any other distribution(s) that is reasonably expected to
total less than $200 during a year.

Employee means an individual who is employed by the Employer or any other
employer required to be aggregated with the Employer under Code Sections 414(b),
(c), (m), or (o). A Controlled Group member is required to be aggregated with
the Employer.

The term Employee shall include any Self-employed Individual treated as an
employee of any employer described in the preceding paragraph as provided in
Code Section 401(c)(1). The term Employee shall also include any Leased Employee
deemed to be an employee of any employer described in the preceding paragraph as
provided in Code Section 414(n) or (o).

Employer means, except for purposes of the CONTRIBUTION LIMITATION SECTION of
Article III, the Primary Employer or Adopting Employer. This will also include
any successor corporation or firm of the Employer which shall, by written
agreement, assume the obligations of this Plan or any Predecessor Employer which
maintained this Plan.

Employer Contributions means

     Elective Deferral Contributions
     Matching Contributions
     Qualified Nonelective Contributions
     ESOP Contributions

as set out in Article III and contributions made by the Employer to fund this
Plan in accordance with the provisions of the MODIFICATION OF CONTRIBUTIONS
SECTION of Article XI, unless the context clearly indicates only specific
contributions are meant.

Employer Stock means common stock of First M&F Corp.

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Employer Stock Fund means an investment vehicle under the Trust Agreement which
is part of the Investment Fund and which consists of Employer Stock.

Employment Commencement Date means the date an Employee first performs an
Hour-of-Service.

Entry Date means the date an Employee first enters the Plan as an Active
Participant. See the ACTIVE PARTICIPANT SECTION of Article II.

ERISA means the Employee Retirement Income Security Act of 1974, as amended.

ESOP Contributions means ESOP contributions made by the Employer to fund this
Plan. See the EMPLOYER CONTRIBUTIONS SECTION of Article III.

ESOP Subaccount means that portion of an Account invested in the Employer Stock
Fund, with its balance expressed in shares of Employer Stock. The cash value of
an ESOP Subaccount as of any Valuation Date will equal the number of shares of
Employer Stock credited to the Subaccount multiplied by the value of a share of
Employer Stock on such Valuation Date.

Exempt Loan means a loan or other extension of credit to the Plan to enable the
Plan to acquire shares of Employer Stock, or to refinance a prior Exempt Loan.

Fiscal Year means the Primary Employer's taxable year. The last day of the
Fiscal Year is December 31.

Forfeiture means the part, if any, of a Participant's Account that is forfeited.
See the FORFEITURES SECTION of Article III.

Forfeiture Date means, as to a Participant, the date the Participant incurs five
consecutive Vesting Breaks in Service.

Highly Compensated Employee means any Employee who:

(a) was a 5-percent owner at any time during the year or the preceding year, or

(b) for the preceding year had compensation from the Employer in excess of $80,000 and, if the
    Employer so elects, was in the top-paid group for the preceding year. The $80,000 amount is
    adjusted at the same time and in the same manner as under Code Section 415(d), except that the
    base period is the calendar quarter ending September 30, 1996.

For this purpose the applicable year of the plan for which a determination is
being made is called a determination year and the preceding 12-month period is
called a look-back year. If the Employer makes a calendar year data election,
the look-back year shall be the calendar year beginning with or within the
look-back year. The Plan may not use such election to determine whether
Employees are Highly Compensated Employees on account of being a 5-percent
owner.

In determining who is a Highly Compensated Employee, the Employer does not make
a top-paid group election. In determining who is a Highly Compensated Employee,
the Employer does not make a calendar year data election.

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Calendar year data elections and top-paid group elections, once made, apply for
all subsequent years unless changed by the Employer. If the Employer makes one
election, the Employer is not required to make the other. If both elections are
made, the look-back year in determining the top-paid group must be the calendar
year beginning with or within the look-back year. These elections must apply
consistently to the determination years of all plans maintained by the Employer
which reference the highly compensated employee definition in Code Section
414(q), except as provided in Internal Revenue Service Notice 97-45 (or
superseding guidance). The consistency requirement will not apply to
determination years beginning with or within the 1997 calendar year, and for
determination years beginning on or after January 1, 1998 and before January 1,
2000, satisfaction of the consistency requirement is determined without regard
to any nonretirement plans of the Employer.

The determination of who is a highly compensated former Employee is based on the
rules applicable to determining Highly Compensated Employee status as in effect
for that determination year, in accordance with section 1.414(q)-1T, A-4 of the
temporary Income Tax Regulations and Internal Revenue Service Notice 97-45.

In determining whether an Employee is a Highly Compensated Employee for years
beginning in 1997, the amendments to Code Section 414(q) stated above are
treated as having been in effect for years beginning in 1996.

The determination of who is a Highly Compensated Employee, including the
determinations of the number and identity of Employees in the top-paid group,
the compensation that is considered, and the identity of the 5-percent owners,
shall be made in accordance with Code Section 414(q) and the regulations
thereunder.

Hour-of-Service means the following:

(a) Each hour for which an Employee is paid, or entitled to payment, for performing duties for the
    Employer during the applicable computation period.

(b) Each hour for which an Employee is paid, or entitled to payment, by the Employer because of a
    period of time in which no duties are performed (irrespective of whether the employment
    relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff,
    jury duty, military duty or leave of absence. Notwithstanding the preceding provisions of this
    subparagraph (b), no credit will be given to the Employee:

    (1) for more than 501 Hours-of-Service under this subparagraph (b) because of any single
        continuous period in which the Employee performs no duties (whether or not such period
        occurs in a single computation period); or

    (2) for an Hour-of-Service for which the Employee is directly or indirectly paid, or entitled to
        payment, because of a period in which no duties are performed if such payment is made or
        due under a plan maintained solely for the purpose of complying with applicable worker's
        or workmen's compensation, or unemployment compensation, or disability insurance laws;
        or

    (3) for an Hour-of-Service for a payment which solely reimburses the Employee for medical or
        medically related expenses incurred by him.

    For purposes of this subparagraph (b), a payment shall be deemed to be made by, or due from the
    Employer, regardless of whether such payment is made by, or due from the Employer, directly or
    indirectly through, among others, a trust fund or insurer, to which the Employer contributes or pays
    premiums and regardless of whether contributions made or due to the trust fund, insurer or other
    entity are for the benefit of particular employees or are on behalf of a group of employees in the
    aggregate.

(c) Each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to
    by the Employer. The same Hours-of-Service shall not be credited both under subparagraph (a) or
    subparagraph (b) above (as the case may be) and under this subparagraph (c). Crediting of
    Hours-of-Service for back pay awarded or agreed to with respect to periods described in
    subparagraph (b) above will be subject to the limitations set forth in that subparagraph.

RESTATEMENT JANUARY 1, 2005                            9                           ARTICLE I (4-51391)-1

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The crediting of Hours-of-Service above shall be applied under the rules of
paragraphs (b) and (c) of the Department of Labor Regulation 2530.200b-2
(including any interpretations or opinions implementing such rules); which
rules, by this reference, are specifically incorporated in full within this
Plan. The reference to paragraph (b) applies to the special rule for determining
hours of service for reasons other than the performance of duties such as
payments calculated (or not calculated) on the basis of units of time and the
rule against double credit. The reference to paragraph (c) applies to the
crediting of hours of service to computation periods.

Hours-of-Service shall be credited for employment with any other employer
required to be aggregated with the Employer under Code Sections 414(b), (c),
(m), or (o) and the regulations thereunder for purposes of eligibility and
vesting. Hours-of-Service shall also be credited for any individual who is
considered an employee for purposes of this Plan pursuant to Code Section 414(n)
or (o) and the regulations thereunder.

Solely for purposes of determining whether a one-year break in service has
occurred for eligibility or vesting purposes, during a Parental Absence an
Employee shall be credited with the Hours-of-Service which otherwise would
normally have been credited to the Employee but for such absence, or in any case
in which such hours cannot be determined, eight Hours-of-Service per day of such
absence. The Hours-of-Service credited under this paragraph shall be credited in
the computation period in which the absence begins if the crediting is necessary
to prevent a break in service in that period; or in all other cases, in the
following computation period.

Inactive Participant means a former Active Participant who has an Account. See
the INACTIVE PARTICIPANT SECTION of Article II.

Insurer means Principal Life Insurance Company and any other insurance company
or companies named by the Trustee or Primary Employer.

Investment Fund means the total of Plan assets, excluding the guaranteed benefit
policy portion of any Annuity Contract and excluding any Unallocated Reserve.
All or a portion of these assets may be held under the Trust Agreement.

The Investment Fund shall be valued at current fair market value as of the
Valuation Date. The valuation shall take into consideration investment earnings
credited, expenses charged, payments made, and changes in the values of the
assets held in the Investment Fund.

The Investment Fund shall be allocated at all times to Participants, except as
otherwise expressly provided in the Plan. The Account of a Participant shall be
credited with its share of the gains and losses of the Investment Fund. That
part of a Participant’s Account invested in a funding arrangement which
establishes one or more accounts or investment vehicles for such Participant
thereunder shall be credited with the gain or loss from such accounts or
investment vehicles. The part of a Participant’s Account which is invested in
other funding arrangements shall be credited with a proportionate share of the
gain or loss of such investments. The share shall be determined by multiplying
the gain or loss of the investment by the ratio of the part of the Participant’s
Account invested in such funding arrangement to the total of the Investment Fund
invested in such funding arrangement.

RESTATEMENT JANUARY 1, 2005                            10                           ARTICLE I (4-51391)-1

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Investment Manager means any fiduciary (other than a trustee or Named Fiduciary)

(a) who has the power to manage, acquire, or dispose of any assets of the Plan;

(b) who (i) is registered as an investment adviser under the Investment Advisers Act of 1940; (ii) is not
    registered as an investment adviser under such Act by reason of paragraph (1) of section 203A(a)
    of such Act, is registered as an investment adviser under the laws of the state (referred to in such
    paragraph (1)) in which it maintains its principal office and place of business, and, at the time it last
    filed the registration form most recently filed by it with such state in order to maintain its registration
    under the laws of such state, also filed a copy of such form with the Secretary of Labor, (iii) is a
    bank, as defined in that Act; or (iv) is an insurance company qualified to perform services
    described in subparagraph (a) above under the laws of more than one state; and

(c) who has acknowledged in writing being a fiduciary with respect to the Plan.

Late Retirement Date means the first day of any month which is after a
Participant's Normal Retirement Date and on which retirement benefits begin. If
a Participant continues to work for the Employer after his Normal Retirement
Date, his Late Retirement Date shall be the earliest first day of the month on
or after the date he ceases to be an Employee. An earlier or a later Retirement
Date may apply if the Participant so elects. An earlier Retirement Date may
apply if the Participant is age 70 1/2. See the WHEN BENEFITS START SECTION of
Article V.

Leased Employee means any person (other than an employee of the recipient) who,
pursuant to an agreement between the recipient and any other person ("leasing
organization"), has performed services for the recipient (or for the recipient
and related persons determined in accordance with Code Section 414(n)(6)) on a
substantially full time basis for a period of at least one year, and such
services are performed under primary direction or control by the recipient.
Contributions or benefits provided by the leasing organization to a Leased
Employee, which are attributable to service performed for the recipient
employer, shall be treated as provided by the recipient employer.

A Leased Employee shall not be considered an employee of the recipient if:

(a) such employee is covered by a money purchase pension plan providing (i) a nonintegrated
    employer contribution rate of at least 10 percent of compensation, as defined in Code Section
    415(c)(3), but for years beginning before January 1, 1998, including amounts contributed pursuant
    to a salary reduction agreement which are excludible from the employee's gross income under
    Code Sections 125, 402(e)(3), 402(h)(1)(B), or 403(b), (ii) immediate participation, and (iii) full and
    immediate vesting, and

(b) Leased Employees do not constitute more than 20 percent of the recipient's nonhighly
    compensated work force.

Matching Contributions means contributions made by the Employer to fund this
Plan which are contingent on a Participant's Elective Deferral Contributions.
See the EMPLOYER CONTRIBUTIONS SECTION of Article III.

Merged Plans means plans that have merged into the Plan from time to time.
Special issues related to Merged Plans are addressed in Article XII.

RESTATEMENT JANUARY 1, 2005                            11                           ARTICLE I (4-51391)-1

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Monthly Date means each Yearly Date and the same day of each following month
during the Plan Year beginning on such Yearly Date.

Named Fiduciary means the person or persons who have authority to control and
manage the operation and administration of the Plan.

The Named Fiduciary is the Employer.

Nonhighly Compensated Employee means an Employee of the Employer who is not a
Highly Compensated Employee.

Nonvested Account means the excess, if any, of a Participant's Account over his
Vested Account.

Normal Retirement Age means the age at which the Participant's normal retirement
benefit becomes nonforfeitable if he is an Employee. A Participant's Normal
Retirement Age is 65.

Normal Retirement Date means the first day of the month on or after the date the
Participant reaches his Normal Retirement Age. Unless otherwise provided in this
Plan, a Participant’s retirement benefits shall begin on a Participant’s Normal
Retirement Date if he has ceased to be an Employee on such date and has a Vested
Account. See the WHEN BENEFITS START SECTION of Article V.

Owner-employee means a Self-employed Individual who, in the case of a sole
proprietorship, owns the entire interest in the unincorporated trade or business
for which this Plan is established. If this Plan is established for a
partnership, an Owner-employee means a Self-employed Individual who owns more
than 10 percent of either the capital interest or profits interest in such
partnership.

Parental Absence means an Employee's absence from work:

(a) by reason of pregnancy of the Employee,

(b) by reason of birth of a child of the Employee,

(c) by reason of the placement of a child with the Employee in connection with adoption of such child
    by such Employee, or

(d) for purposes of caring for such child for a period beginning immediately following such birth or
    placement.

Participant means either an Active Participant or an Inactive Participant.

Period of Military Duty means, for an Employee

(a) who served as a member of the armed forces of the United States, and

(b) who was reemployed by the Employer at a time when the Employee had a right to reemployment
    in accordance with seniority rights as protected under Chapter 43 of Title 38 of the U. S. Code,

the period of time from the date the Employee was first absent from active work
for the Employer because of such military duty to the date the Employee was
reemployed.

RESTATEMENT JANUARY 1, 2005                            12                           ARTICLE I (4-51391)-1

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Plan means the Merchants & Farmers Bank Profit and Savings Plan as set forth in
this document, including any later amendments to it. The portion of the Plan
that consists of the Employer Stock Fund and the ESOP Subaccounts is a stock
bonus and employee stock ownership plan within the meaning of Code Section
4975(e)(7). The remaining portion of the Plan is a profit sharing plan with a
deferred compensation feature under Code Section 401(k).

Period of Severance means a period of time beginning on an Employee's Severance
date and ending on the date he again performs an Hour-of-Service.

A one-year Period of Severance means a Period of Severance of 12 consecutive
months.

Solely for purposes of determining whether a one-year Period of Severance has
occurred for eligibility or vesting purposes, the consecutive 12-month period
beginning on the first anniversary of the first date of a Parental Absence shall
not be a one-year Period of Severance.

Plan Administrator means the person or persons who administer the Plan.

The Plan Administrator is the Employer.

Plan Fund means the total of the Investment Fund and the guaranteed benefit
policy portion of any Annuity Contract and any Unallocated Reserve. The
Investment Fund shall be valued as stated in its definition. The guaranteed
benefit policy portion of any Annuity Contract shall be determined in accordance
with the terms of the Annuity Contract and, to the extent that such Annuity
Contract allocates contract values to Participants, allocated to Participants in
accordance with its terms. The total value of all amounts held under the Plan
Fund, less amounts held in any Unallocated Reserve or reflected in a Forfeiture
Account, shall equal the value of the aggregate Participants’ Accounts under the
Plan.

Plan Year means a period beginning on a Yearly Date and ending on the day before
the next Yearly Date.

Predecessor Employer means a firm of which the Employer was once a part (e.g.,
due to a spinoff or change of corporate status) or a firm absorbed by the
Employer because of a merger or acquisition (stock or asset, including a
division or an operation of such company).

Primary Employer means Merchants & Farmers Bank.

Qualified Joint and Survivor Annuity means, for a Participant who has a spouse,
an immediate survivorship life annuity with installment refund, where the
survivorship percentage is 50% and the Contingent Annuitant is the Participant’s
spouse. A former spouse will be treated as the spouse to the extent provided
under a qualified domestic relations order as described in Code Section 414(p).

The amount of benefit payable under the Qualified Joint and Survivor Annuity
shall be the amount of benefit which may be provided by the Participant’s Vested
Account.

Qualified Matching Contributions means Matching Contributions which are 100%
vested and subject to the distribution restrictions of Code Section 401(k) when
made. See the EMPLOYER CONTRIBUTIONS SECTION of Article III and the WHEN
BENEFITS START SECTION of Article V.

Qualified Nonelective Contributions means contributions made by the Employer to
fund this Plan (other than Elective Deferral Contributions) which are 100%
vested and subject to the distribution restrictions of Code Section 401(k) when
made. See the EMPLOYER CONTRIBUTIONS SECTION of Article III and the WHEN
BENEFITS START SECTION of Article V.

RESTATEMENT JANUARY 1, 2005                            13                           ARTICLE I (4-51391)-1

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Reemployment Commencement Date means the date an Employee first performs an
Hour-of-Service following an Eligibility Break in Service.

Reentry Date means the date a former Active Participant reenters the Plan. See
the ACTIVE PARTICIPANT SECTION of Article II.

Retirement Date means the date a retirement benefit will begin and is a
Participant's Normal or Late Retirement Date, as the case may be.

Rollover Contributions means the Rollover Contributions which are made by an
Eligible Employee or an Inactive Participant according to the provisions of the
ROLLOVER CONTRIBUTIONS SECTION of Article III.

Self-employed Individual means, with respect to any Fiscal Year, an individual
who has Earned Income for the Fiscal Year (or who would have Earned Income but
for the fact the trade or business for which this Plan is established did not
have net profits for such Fiscal Year).

Severance Date means the earlier of:

(a) the date on which an Employee quits, retires, dies, or is discharged, or

(b) the first anniversary of the date an Employee begins a one-year absence from service (with or
    without pay). This absence may be the result of any combination of vacation, holiday, sickness,
    disability, leave of absence, personal time off, or layoff.

Solely to determine whether a one-year Period of Severance has occurred for
eligibility or vesting purposes for an Employee who is absent from service
beyond the first anniversary of the first day of a Parental Absence, Severance
Date is the second anniversary of the first day of the Parental Absence. The
period between the first and second anniversaries of the first day of the
Parental Absence is not a Period of Service and is not a Period of Severance.

Sponsor means the Merchants & Farmers Bank, and any business organization or
corporation into which Merchants & Farmers may be merged or consolidated or by
which it may be succeeded.

Totally and Permanently Disabled means that a Participant is disabled, as a
result of sickness or injury, to the extent that he is completely prevented from
performing any work or engaging in any occupation for wage or profit, and has
been continuously disabled for 12 months. Initial written proof that the
disability exists and has continued uninterruptedly for at least 12 months must
be furnished to the Plan Administrator by the Participant within one year after
the date the disability begins. The Plan Administrator, upon receipt of any
notice of proof of a Participant’s total and permanent disability, shall have
the right and opportunity to have a physician it designates examine the
Participant when and as often as it may reasonably require, but not more than
once each year after the disability has continued uninterruptedly for at least
two years beyond the date of furnishing the first proof.

Trust Agreement means an agreement of trust between the Primary Employer and
Trustee established for the purpose of holding and distributing the Trust Fund
under the provisions of the Plan. The Trust Agreement may provide for the
investment of all or any portion of the Trust Fund in the Annuity Contract.

Trust Fund means the total funds held under the Trust Agreement.

RESTATEMENT JANUARY 1, 2005                            14                           ARTICLE I (4-51391)-1

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Trustee means the party or parties named in the Trust Agreement. The term
Trustee as it is used in this Plan is deemed to include the plural unless the
context clearly indicates the singular is meant.

Unallocated Reserve means the portion of the Trust Fund that consists of the
proceeds of an Exempt Loan, the shares of Employer Stock that were acquired with
the proceeds of an Exempt Loan and that have not yet been allocated to
Participant Accounts, the dividends and other investment earnings on the assets
held in the Unallocated Reserve, and the proceeds from any sale of shares of
Employer Stock held in the Unallocated Reserve.

Valuation Date means the date on which the value of the assets of the Investment
Fund is determined. The value of each Account which is maintained under this
Plan shall be determined on the Valuation Date. In each Plan Year, the Valuation
Date shall be the last day of the Plan Year. At the discretion of the Plan
Administrator, Trustee, or Insurer (whichever applies), assets of the Investment
Fund may be valued more frequently. These dates shall also be Valuation Dates.

Vested Account means the vested part of a Participant's Account. The
Participant's Vested Account is determined as follows.

If the Participant's Vesting Percentage is 100%, his Vested Account equals his
Account.

If the Participant’s Vesting Percentage is less than 100%, his Vested Account
equals the sum of (a), (b) and (c) below:

(a) The part of the Participant's Account that results from Employer Contributions made before a prior
    Forfeiture Date and all other Contributions which were 100% vested when made.

(b) The part of the Participant's Account that results from cash dividends paid on shares of Employer
    Stock credited to the source account for ESOP Contributions that are initially reinvested in
    Employer Stock at the election of the Participant.

(c) The balance of the Participant's Account in excess of the amount in (a) above multiplied by his
    Vesting Percentage.

If the Participant has withdrawn any part of his Account resulting from Employer
Contributions, other than the vested Employer Contributions included in (a)
above, the amount determined under this subparagraph (c) shall be equal to P(AB
+ D) - D as defined below:

    P   The Participant's Vesting Percentage.
    AB  The balance of the Participant's Account in excess of the sum of (a) and (b) above.
    D   The amount of the withdrawal resulting from Employer Contributions, other than the vested
        Employer Contributions included in (a) above.

The Participant's Vested Account is nonforfeitable.

Vesting Break in Service means a Vesting Computation Period in which an Employee
is credited with 500 or fewer Hours-of-Service. An Employee incurs a Vesting
Break in Service on the last day of a Vesting Computation Period in which he has
a Vesting Break in Service.

RESTATEMENT JANUARY 1, 2005                            15                           ARTICLE I (4-51391)-1

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Vesting Computation Period means a consecutive 12-month period ending on the
last day of each Plan Year, including corresponding consecutive 12-month periods
before January 1, 1969.

Vesting Percentage means the percentage used to determine the nonforfeitable
portion of a Participant's Account attributable to Employer Contributions which
were not 100% vested when made.

A Participant’s Vesting Percentage is shown in the following schedule opposite
the number of whole years of his Vesting Service.

                VESTING SERVICE                           VESTING
                 (whole years)                           PERCENTAGE

                 Less than 3                                   0
                  3 or more                                  100

The Vesting Percentage for a Participant who is an Employee on or after the date
he reaches Normal Retirement Age shall be 100%. The Vesting Percentage for a
Participant who is an Employee on the date he becomes Totally and Permanently
Disabled or dies shall be 100%.

If the schedule used to determine a Participant’s Vesting Percentage is changed,
the new schedule shall not apply to a Participant unless he is credited with an
Hour-of-Service on or after the date of the change and the Participant’s
nonforfeitable percentage on the day before the date of the change is not
reduced under this Plan. The amendment provisions of the AMENDMENTS SECTION of
Article X regarding changes in the computation of the Vesting Percentage shall
apply.

Vesting Service means one year of service for each Vesting Computation Period in
which an Employee is credited with at least 1,000 Hours-of-Service.

However, Vesting Service is modified as follows:

Service with a Predecessor Employer which did not maintain this Plan included:

     An Employee's service with a Predecessor Employer which maintained a qualified pension or profit
     sharing plan but did not maintain this Plan shall be included as service with the Employer. This service
     excludes service performed while a proprietor or partner or independent contractor.

Period of Military Duty included:

     A Period of Military Duty shall be included as service with the Employer to the extent it has not already
     been credited. For purposes of crediting Hours-of-Service during the Period of Military Duty, an
     Hour-of-Service shall be credited (without regard to the 501 Hour-of-Service limitation) for each hour an
     Employee would normally have been scheduled to work for the Employer during such period.

Controlled Group service included:

     An Employee's service with a member firm of a Controlled Group while both that firm and the
     Employer were members of the Controlled Group shall be included as service with the Employer.

Yearly Date means January 1, 1969, and each January 1.

RESTATEMENT JANUARY 1, 2005                            16                           ARTICLE I (4-51391)-1

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Years of Service means an Employee's Vesting Service disregarding any
modifications which exclude service.

RESTATEMENT JANUARY 1, 2005                            17                           ARTICLE I (4-51391)-1

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                                                 ARTICLE II

                                               PARTICIPATION

SECTION 2.01--ACTIVE PARTICIPANT.

     (a) An Employee shall first become an Active Participant (begin active participation in the Plan) on the
         earliest Monthly Date on which he is an Eligible Employee and has met the eligibility requirement
         set forth below. This date is his Entry Date.

         He has completed three months (90 days) of Eligibility Service before his Entry Date.

         Each Employee who was an Active Participant under the Plan on December 31, 2004, shall
         continue to be an Active Participant if he is still an Eligible Employee on January 1, 2005, and his
         Entry Date shall not change.

         If service with a Predecessor Employer is counted for purposes of Eligibility Service, an Employee
         shall be credited with such service on the date he becomes an Employee and shall become an
         Active Participant on the earliest Monthly Date on which he is an Eligible Employee and has met all
         of the eligibility requirements above. This date is his Entry Date.

         If a person has been an Eligible Employee who has met all of the eligibility requirements above,
         but is not an Eligible Employee on the date which would have been his Entry Date, he shall
         become an Active Participant on the date he again becomes an Eligible Employee. This date is his
         Entry Date.

         In the event an Employee who is not an Eligible Employee becomes an Eligible Employee, such
         Eligible Employee shall become an Active Participant immediately if such Eligible Employee has
         satisfied the eligibility requirements above and would have otherwise previously become an Active
         Participant had he met the definition of Eligible Employee. This date is his Entry Date.

     (b) An Inactive Participant shall again become an Active Participant (resume active participation in the
         Plan) on the date he again performs an Hour-of-Service as an Eligible Employee. This date is his
         Reentry Date.

         Upon again becoming an Active Participant, he shall cease to be an Inactive Participant.

     (c) A former Participant shall again become an Active Participant (resume active participation in the
         Plan) on the date he again performs an Hour-of-Service as an Eligible Employee. This date is his
         Reentry Date.

There shall be no duplication of benefits for a Participant under this Plan because of more than one period
as an Active Participant.

RESTATEMENT JANUARY 1, 2005                            18                           ARTICLE II (4-51391)-1

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SECTION 2.02--INACTIVE PARTICIPANT.

An Active Participant shall become an Inactive Participant (stop accruing
benefits under the Plan) on the earlier of the following:

     (a) the date the Participant ceases to be an Eligible Employee, or

     (b) the effective date of complete termination of the Plan under Article VIII.

An Employee or former Employee who was an Inactive Participant under the Plan on
December 31, 2004, shall continue to be an Inactive Participant on January 1,
2005. Eligibility for any benefits payable to the Participant or on his behalf
and the amount of the benefits shall be determined according to the provisions
of the prior document, unless otherwise stated in this document.

SECTION 2.03--CESSATION OF PARTICIPATION.

A Participant shall cease to be a Participant on the date he is no longer an
Eligible Employee and his Account is zero.

SECTION 2.04--ADOPTING EMPLOYERS - SINGLE PLAN.

Each of the Controlled Group members listed in the Addendum is an Adopting
Employer. Each Adopting Employer listed in the Addendum participates with the
Employer in this Plan. An Adopting Employer's agreement to participate in this
Plan shall be in writing.

The Employer has the right to amend the Plan. An Adopting Employer does not have
the right to amend the Plan.

If the Adopting Employer did not maintain its plan before its date of adoption
specified in the Addendum, its date of adoption shall be the Entry Date for any
of its Employees who have met the requirements in the ACTIVE PARTICIPANT SECTION
of Article II as of that date. Service with and Compensation from an Adopting
Employer shall be included as service with and Compensation from the Employer.
Transfer of employment, without interruption, between an Adopting Employer and
another Adopting Employer or the Employer shall not be considered an
interruption of service. The Employer's Fiscal Year defined in the DEFINITIONS
SECTION of Article I shall be the Fiscal Year used in interpreting this Plan for
Adopting Employers.

Contributions made by an Adopting Employer shall be treated as Contributions
made by the Employer. Forfeitures arising from those Contributions shall be used
for the benefit of all Participants.

An employer shall not be an Adopting Employer if it ceases to be a Controlled
Group member. Such an employer may continue a retirement plan for its Employees
in the form of a separate document. This Plan shall be amended to delete a
former Adopting Employer from the Addendum.

If (i) an employer ceases to be an Adopting Employer or the Plan is amended to
delete an Adopting Employer and (ii) the Adopting Employer does not continue a
retirement plan for the benefit of its Employees, partial termination may result
and the provisions of Article VIII shall apply.

RESTATEMENT JANUARY 1, 2005                            19                           ARTICLE II (4-51391)-1

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ARTICLE III
CONTRIBUTIONS
SECTION 3.01--EMPLOYER CONTRIBUTIONS.

Employer Contributions shall be made without regard to current or accumulated
net income, earnings or profits of the Employer. Notwithstanding the foregoing,
the Plan shall continue to be designed to qualify as a profit sharing plan for
purposes of Code Sections 401(a), 402, 412, and 417; except that, the portion of
the Plan that consists of the Employer Stock Fund and ESOP Subaccounts is
designed to qualify as a stock bonus plan and employee stock ownership plan
under Code Section 4975(e)(7). Employer Contributions shall be equal to the
amount described below:

     (a) The amount of each Elective Deferral Contribution for a Participant shall be equal to a portion of
         Compensation as specified in the elective deferral agreement. An Employee who is eligible to
         participate in the Plan may file an elective deferral agreement with the Employer. The Participant
         shall modify or terminate the elective deferral agreement by filing a new elective deferral
         agreement. The elective deferral agreement may not be made retroactively and shall remain in
         effect until modified or terminated.

         The elective deferral agreement to start or modify Elective Deferral Contributions shall be effective
         on the first day of the first pay period following the pay period in which the Participant's Entry Date
         (Reentry Date, if applicable) or any following date occurs. The elective deferral agreement must
         be entered into on or before the date it is effective.

         The elective deferral agreement to stop Elective Deferral Contributions may be entered into on any
         date. Such elective deferral agreement shall be effective on the first day of the pay period
         following the pay period in which the elective deferral agreement is entered into.

         Elective Deferral Contributions are fully (100%) vested and nonforfeitable.

     (b) The Employer may make discretionary Matching Contributions. The percentage of Elective
         Deferral Contributions matched, if any, shall be a percentage as determined by the Employer.

         Matching Contributions are calculated based on Elective Deferral Contributions and Compensation
         for the Plan Year. Matching Contributions shall be made for all persons who meet the allocation
         requirements of the ALLOCATION SECTION of this article.

         Any percentage determined by the Employer shall apply to all eligible persons for the entire Plan
         Year.

         Matching Contributions are subject to the Vesting Percentage. However, the separate account
         maintained to reflect the cash dividend paid on shares of Employer Stock attributable to Matching
         Contributions (and earnings thereon) that are initially reinvested in Employer Stock under the Plan
         at the election of the Participant is fully (100%) vested and nonforfeitable.

     (c) Qualified Nonelective Contributions may be made for each Plan Year in an amount determined by
         the Employer to be used to reduce Excess Aggregate Contributions and Excess Contributions, as
         defined in the EXCESS AMOUNTS SECTION of this article. If the Plan is treated as separate
         plans because it is mandatorily disaggregated under the regulations of Code Section 401(k), a
         separate Qualified Nonelective Contribution may be determined for each separate plan.

RESTATEMENT JANUARY 1, 2005                            20                          ARTICLE III (4-51391)-1

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         Qualified Nonelective Contributions are 100% vested and subject to the distribution restrictions of
         Code Section 401(k) when made.

     (d) ESOP Contributions may be made for each Plan Year in an amount determined by the Employer.

         ESOP Contributions are subject to the Vesting Percentage. However, the separate account
         maintained to reflect the cash dividends paid on shares of Employer Stock attributable to ESOP
         Contributions (and earnings thereon) that are initially reinvested in Employer Stock under the Plan
         at the election of the Participant is fully (100%) vested and nonforfeitable.

No Participant shall be permitted to have Elective Deferral Contributions, as
defined in the EXCESS AMOUNTS SECTION of this article, made under this Plan, or
any other qualified plan maintained by the Employer, during any taxable year, in
excess of the dollar limitation contained in Code Section 402(g) in effect at
the beginning of such taxable year.

An elective deferral agreement (or change thereto) must be made in such manner
and in accordance with such rules as the Employer may prescribe (including by
means of voice response or other electronic system under circumstances the
Employer permits) and may not be made retroactively.

Employer Contributions are allocated according to the provisions of the
ALLOCATION SECTION of this article.

A portion of the Plan assets resulting from Employer Contributions (but not more
than the original amount of those Contributions) may be returned if the Employer
Contributions are made because of a mistake of fact or are more than the amount
deductible under Code Section 404 (excluding any amount which is not deductible
because the Plan is disqualified). The amount involved must be returned to the
Employer within one year after the date the Employer Contributions are made by
mistake of fact or the date the deduction is disallowed, whichever applies.
Except as provided under this paragraph and Article VIII, the assets of the Plan
shall never be used for the benefit of the Employer and are held for the
exclusive purpose of providing benefits to Participants and their Beneficiaries
and for defraying reasonable expenses of administering the Plan.

SECTION 3.01A--ROLLOVER CONTRIBUTIONS.

A Rollover Contribution may be made by an Eligible Employee or an Inactive
Participant if the following conditions are met:

     (a) The Contribution is of amounts distributed from a plan that satisfies the requirements of Code
         Section 401(a) or from a "conduit" individual retirement account described in Code Section
         408(d)(3)(A). In the case of an Inactive Participant, the Contribution must be of an amount
         distributed from another plan of the Employer, or a plan of a Controlled Group member, that
         satisfies the requirements of Code Section 401(a).

     (b) The Contribution is of amounts that the Code permits to be transferred to a plan that meets the
         requirements of Code Section 401(a).

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     (c) The Contribution is made in the form of a direct rollover under Code Section 401(a)(31) or is a
         rollover made under Code Section 402(c) or 408(d)(3)(A) within 60 days after the Eligible
         Employee or Inactive Participant receives the distribution.

     (d) The Eligible Employee or Inactive Participant furnishes evidence satisfactory to the Plan
         Administrator that the proposed rollover meets conditions (a), (b), and (c) above.

A Rollover Contribution shall be allowed in cash only and must be made according
to procedures set up by the Plan Administrator. Rollovers may also be made in
the form of stock.

If the Eligible Employee is not an Active Participant when the Rollover
Contribution is made, he shall be deemed to be an Active Participant only for
the purpose of investment and distribution of the Rollover Contribution.
Employer Contributions shall not be made for or allocated to the Eligible
Employee until the time he meets all of the requirements to become an Active
Participant.

Rollover Contributions made by an Eligible Employee or an Inactive Participant
shall be credited to his Account. The part of the Participant’s Account
resulting from Rollover Contributions is fully (100%) vested and nonforfeitable
at all times. A separate accounting record shall be maintained for that part of
his Rollover Contributions consisting of voluntary contributions which were
deducted from the Participant’s gross income for Federal income tax purposes. A
Rollover Contribution withdrawal may occur at any time at the Employers
discretion.

SECTION 3.02--FORFEITURES.

The Nonvested Account of a Participant shall be forfeited as of the earlier of
the following:

     (a) the date the Participant dies (if prior to such date he had ceased to be an Employee), or

     (b) the Participant's Forfeiture Date.

All or a portion of a Participant’s Nonvested Account shall be forfeited before
such earlier date if, after he ceases to be an Employee, he receives, or is
deemed to receive, a distribution of his entire Vested Account or a distribution
of his Vested Account derived from Employer Contributions which were not 100%
vested when made, under the RETIREMENT BENEFITS SECTION of Article V, the VESTED
BENEFITS SECTION of Article V, or the SMALL AMOUNTS SECTION of Article X. The
forfeiture shall occur as of the date the Participant receives, or is deemed to
receive, the distribution. If a Participant receives, or is deemed to receive,
his entire Vested Account, his entire Nonvested Account shall be forfeited. If a
Participant receives a distribution of his Vested Account from Employer
Contributions which were not 100% vested when made, but less than his entire
Vested Account from such Contributions, the amount to be forfeited shall be
determined by multiplying his Nonvested Account from such Contributions by a
fraction. The numerator of the fraction is the amount of the distribution
derived from Employer Contributions which were not 100% vested when made and the
denominator of the fraction is his entire Vested Account derived from such
Contributions on the date of distribution.

A Forfeiture shall occur as provided in the EXCESS AMOUNTS SECTION of this
article.

Forfeitures shall be determined at least once during each Plan Year. Forfeitures
may first be used to pay administrative expenses. Forfeitures of Matching
Contributions which relate to excess amounts as provided in the EXCESS AMOUNTS
SECTION of this article, which have not been used to pay administrative
expenses, shall be applied to reduce the earliest Matching, ESOP, or Qualified
Nonelective Contributions made after the Forfeitures are determined. Any other
Forfeitures which have not been used to pay administrative expenses shall be
applied to reduce the earliest Matching, ESOP, or Qualified Nonelective
Contributions made after the Forfeitures are determined. Upon their application
to reduce Employer Contributions, Forfeitures shall be deemed to be Employer
Contributions.

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If a Participant again becomes an Eligible Employee after receiving a
distribution which caused all or a portion of his Nonvested Account to be
forfeited, he shall have the right to repay to the Plan the entire amount of the
distribution he received (excluding any amount of such distribution resulting
from Contributions which were 100% vested when made). The repayment must be made
in a single sum (repayment in installments is not permitted) before the earlier
of the date five years after the date he again becomes an Eligible Employee or
the end of the first period of five consecutive Vesting Breaks in Service which
begin after the date of the distribution.

If the Participant makes the repayment above, the Plan Administrator shall
restore to his Account an amount equal to his Nonvested Account which was
forfeited on the date of distribution, unadjusted for any investment gains or
losses. If no amount is to be repaid because the Participant was deemed to have
received a distribution, or only received a distribution of Contributions which
were 100% vested when made, and he again performs an Hour-of-Service as an
Eligible Employee within the repayment period, the Plan Administrator shall
restore the Participant’s Account as if he had made a required repayment on the
date he performed such Hour-of-Service. Restoration of the Participant’s Account
shall include restoration of all Code Section 411(d)(6) protected benefits with
respect to that restored Account, according to applicable Treasury regulations.
Provided, however, the Plan Administrator shall not restore the Nonvested
Account if (i) a Forfeiture Date has occurred after the date of the distribution
and on or before the date of repayment and (ii) that Forfeiture Date would
result in a complete forfeiture of the amount the Plan Administrator would
otherwise restore.

The Plan Administrator shall restore the Participant’s Account by the close of
the Plan Year following the Plan Year in which repayment is made. Permissible
sources for the restoration of the Participant’s Account are Forfeitures or
special Employer Contributions. Such special Employer Contributions shall be
made without regard to profits. The repaid and restored amounts are not included
in the Participant’s Annual Additions, as defined in the CONTRIBUTION LIMITATION
SECTION of this article.

SECTION 3.03--ALLOCATION.

Elective Deferral Contributions shall be allocated to Participants for whom such
Contributions are made under the EMPLOYER CONTRIBUTIONS SECTION of this article.
Such Contributions shall be allocated when made and credited to the
Participant’s Account.

Matching Contributions shall be allocated to the persons for whom such
Contributions are made under the EMPLOYER CONTRIBUTIONS SECTION of this article.
Such Contributions shall be allocated when made and credited to the person’s
Account.

The discretionary Qualified Nonelective Contributions to be used to reduce
excess amounts, as described in the EMPLOYER CONTRIBUTIONS SECTION of this
article, shall be allocated as of the last day of the Plan Year only to
Nonhighly Compensated Employees who meet the requirements of this section. Such
Contributions (or separate Contributions) shall be allocated first to the
eligible person under the Plan (or separate plan) with the lowest Annual
Compensation for the Plan Year, then to the eligible person under the Plan (or
separate plan) with the next lowest Annual Compensation, and so forth, in each
case subject to the applicable limits of the CONTRIBUTION LIMITATION SECTION of
this article. This amount shall be credited to the person’s Account.

ESOP Contributions shall be allocated as of the last day of the Plan Year to
each Participant entitled to share in such contributions. Only those
Participants who complete at least one thousand (1,000) Hours of Service during
the Plan Year and who are in one of the following categories for the Plan Year
shall be eligible to share in the allocation of ESOP Contributions:

RESTATEMENT JANUARY 1, 2005                            23                          ARTICLE III (4-51391)-1

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     (1) Participants who are employed on the last day of the Plan Year; or

     (2) Participants whose employment terminated on the last day of the Plan Year.

ESOP Contributions for the Plan Year shall be allocated to the source account
reflecting ESOP Contributions of each such Participant in the proportion that
such Participant's Compensation for the Plan Year bears to the total
Compensation for the Plan Year of all such Participants entitled to share in the
allocation. The ESOP Contribution for the Plan Year (if any), together with the
cash dividends paid on Employer Stock held in the Unallocated Reserve and other
investment earnings of the Unallocated Reserve (if any), shall be applied to
make the payment due on any Exempt Loan for the Plan Year. The Employer Stock
released from the Unallocated Reserve as a result of that payment shall be
allocated among those persons who meet the allocation requirements of this
section applicable to ESOP Contributions.

If Leased Employees are Eligible Employees, in determining the amount of
Employer Contributions allocated to a person who is a Leased Employee,
contributions provided by the leasing organization which are attributable to
services such Leased Employee performs for the Employer shall be treated as
provided by the Employer. Those contributions shall not be duplicated under this
Plan.

SECTION 3.04--CONTRIBUTION LIMITATION.

     (a) Definitions. For the purpose of determining the contribution limitation set forth in this section, the
         following terms are defined.

         Annual Additions means the sum of the following amounts credited to a Participant's account for
         the Limitation Year:

         (1) employer contributions; provided that, ESOP Contributions under this Plan that are applied
             to pay interest on an Exempt Loan will not be an Annual Addition if no more than one-third
             (1/3rd) of the ESOP Contribution that is applied to pay principal or interest on an Exempt
             Loan for the Plan Year is allocated to Highly Compensated Employees;

         (2) employee contributions; and

         (3) forfeitures (excluding forfeitures of Employer Stock acquired with the proceeds of an
             Exempt loan).

         Annual Additions to a defined contribution plan shall also include the following:

         (4) amounts allocated, after March 31, 1984, to an individual medical account, as defined in
             Code Section 415(l)(2), which are part of a pension or annuity plan maintained by the
             Employer,

         (5) amounts derived from contributions paid or accrued after December 31, 1985, in taxable
             years ending after such date, which are attributable to post-retirement medical benefits,
             allocated to the separate account of a key employee, as defined in Code Section
             419A(d)(3), under a welfare benefit fund, as defined in Code Section 419(e), maintained by
             the Employer; and

         (6) allocations under a simplified employee pension.

RESTATEMENT JANUARY 1, 2005                            24                          ARTICLE III (4-51391)-1

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          For this purpose, any Excess Amount applied under (e) and (k) below in the Limitation Year to
          reduce Employer Contributions shall be considered Annual Additions for such Limitation Year.

          Compensation means wages within the meaning of Code Section 3401(a) and all other payments
          of compensation to an Employee by the Employer (in the course of the Employer's trade or
          business) for which the Employer is required to furnish the Employee a written statement under
          Code Sections 6041(d), 6051(a)(3), and 6052. Compensation must be determined without regard
          to any rules under Code Section 3401(a) that limit the remuneration included in wages based on
          the nature or location of the employment or the services performed (such as the exception for
          agricultural labor in Code Section 3401(a)(2)). The amount reported in the "Wages, Tips and Other
          Compensation" box on Form W-2 satisfies this definition.

          For any Self-employed Individual, Compensation shall mean Earned Income.

          For purposes of applying the limitations of this section, Compensation for a Limitation Year is the
          Compensation actually paid or made available in gross income during such Limitation Year.

          For Limitation Years beginning after December 31, 1997, for purposes of applying the limitations of
          this section, Compensation paid or made available during such Limitation Year shall include any
          elective deferral (as defined in Code Section 402(g)(3)), and any amount which is contributed or
          deferred by the Employer at the election of the Employee and which is not includible in the gross
          income of the Employee by reason of Code Section 125, 132(f)(4), or 457.

          Defined Contribution Dollar Limitation means, for Limitation Years beginning after
          December 31, 1994, $30,000, as adjusted under Code Section 415(d).

          Employer means the employer that adopts this Plan, and all members of a controlled group of
          corporations (as defined in Code Section 414(b) as modified by Code Section 415(h)), all
          commonly controlled trades or businesses (as defined in Code Section 415(c) as modified by Code
          Section 415(h)) or affiliated service groups (as defined in Code Section 414(m)) of which the
          adopting employer is a part, and any other entity required to be aggregated with the employer
          pursuant to regulations under Code Section 414(o).

          Excess Amount means the excess of the Participant's Annual Additions for the Limitation Year
          over the Maximum Permissible Amount.

          Limitation Year means the consecutive 12-month period ending on each December 31. If the
          Limitation Year is other than the calendar year, execution of this Plan (or any amendment to this
          Plan changing the Limitation Year) constitutes the Employer's adoption of a written resolution
          electing the Limitation Year. If the Limitation Year is amended to a different consecutive 12-month
          period, the new Limitation Year must begin on a date within the Limitation Year in which the
          amendment is made.

          Maximum Permissible Amount means the maximum Annual Addition that may be contributed or
          allocated to a Participant's Account under the Plan for any Limitation Year. This amount shall not
          exceed the lesser of:

          (1) The Defined Contribution Dollar Limitation, or

          (2) 25 percent of the Participant's Compensation for the Limitation Year.

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          The compensation limitation referred to in (2) shall not apply to any contribution for medical
          benefits (within the meaning of Code Section 401(h) or 419A(f)(2)) which is otherwise treated as an
          Annual Addition under Code Section 415(l)(1) or 419A(d)(2).

          If a short Limitation Year is created because of an amendment changing the Limitation Year to a
          different consecutive 12-month period, the Maximum Permissible Amount will not exceed the
          Defined Contribution Dollar Limitation multiplied by the following fraction:

                                 Number of months in the short Limitation Year
                                 ---------------------------------------------
                                                        12

     (b)  If the Participant does not participate in, and has never participated in, another qualified plan
          maintained by the Employer or a welfare benefit fund, as defined in Code Section 419(e),
          maintained by the Employer, or an individual medical account, as defined in Code Section
          415(l)(2), maintained by the Employer, or a simplified employee pension, as defined in Code
          Section 408(k), maintained by the Employer, which provides an Annual Addition, the amount of
          Annual Additions which may be credited to the Participant's Account for any Limitation Year shall
          not exceed the lesser of the Maximum Permissible Amount or any other limitation contained in this
          Plan. If the Employer Contribution that would otherwise be contributed or allocated to the
          Participant's Account would cause the Annual Additions for the Limitation Year to exceed the
          Maximum Permissible Amount, the amount contributed or allocated shall be reduced so that the
          Annual Additions for the Limitation Year will equal the Maximum Permissible Amount.

     (c)  Prior to determining the Participant's actual Compensation for the Limitation Year, the Employer
          may determine the Maximum Permissible Amount for a Participant on the basis of a reasonable
          estimation of the Participant's Compensation for the Limitation Year, uniformly determined for all
          Participants similarly situated.

     (d)  As soon as is administratively feasible after the end of the Limitation Year, the Maximum
          Permissible Amount for the Limitation Year will be determined on the basis of the Participant's
          actual Compensation for the Limitation Year.

     (e)  If a reasonable error in estimating a Participant's Compensation for the Limitation Year, a
          reasonable error in determining the amount of elective deferrals (within the meaning of Code
          Section 402(g)(3)) that may be made with respect to any individual under the limits of Code
          Section 415, or under other facts and circumstances allowed by the Internal Revenue Service,
          there is an Excess Amount, the excess will be disposed of as follows:

          (1) Any Elective Deferral Contributions (plus attributable earnings), to the extent they would
              reduce the Excess Amount, will be distributed to the Participant. Concurrently with the
              distribution of such Elective Deferral Contributions, any Matching Contributions which
              relate to any Elective Deferral Contributions distributed in the preceding sentence, to the
              extent such application would reduce the Excess Amount, will be applied as provided in (2)
              or (3) below:

          (2) If after the application of (1) above an Excess Amount still exists, and the Participant is
              covered by the Plan at the end of the Limitation Year, the Excess Amount in the
              Participant's Account will be used to reduce Employer Contributions for such Participant in
              the next Limitation Year, and each succeeding Limitation Year if necessary.

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          (3) If after the application of (1) above an Excess Amount still exists, and the Participant is not
              covered by the Plan at the end of the Limitation Year, the Excess Amount will be held
              unallocated in a suspense account. The suspense account will be applied to reduce future
              Employer Contributions for all remaining Participants in the next Limitation Year, and each
              succeeding Limitation Year if necessary.

          (4) If a suspense account is in existence at any time during a Limitation Year pursuant to this
              (e), it will participate in the allocation of investment gains or losses. If a suspense account
              is in existence at any time during a particular Limitation Year, all amounts in the suspense
              account must be allocated and reallocated to Participant`s Accounts before any Employer
              Contributions may be made to the Plan for that Limitation Year. Excess Amounts held in a
              suspense account may not be distributed to Participants or former Participants.

     (f)  This (f) applies if, in addition to this Plan, the Participant is covered under another qualified defined
          contribution plan maintained by the Employer, a welfare benefit fund maintained by the Employer,
          an individual medical account maintained by the Employer, or a simplified employee pension
          maintained by the Employer which provides an Annual Addition during any Limitation Year. The
          Annual Additions which may be credited to a Participant's Account under this Plan for any such
          Limitation Year will not exceed the Maximum Permissible Amount, reduced by the Annual
          Additions credited to a Participant's account under the other qualified defined contribution plans,
          welfare benefit funds, individual medical accounts, and simplified employee pensions for the same
          Limitation Year. If the Annual Additions with respect to the Participant under other qualified
          defined contribution plans, welfare benefit funds, individual medical accounts, and simplified
          employee pensions maintained by the Employer are less than the Maximum Permissible Amount,
          and the Employer Contribution that would otherwise be contributed or allocated to the Participant's
          Account under this Plan would cause the Annual Additions for the Limitation Year to exceed this
          limitation, the amount contributed or allocated will be reduced so that the Annual Additions under
          all such plans and funds for the Limitation Year will equal the Maximum Permissible Amount. If the
          Annual Additions with respect to the Participant under such other qualified defined contribution
          plans, welfare benefit funds, individual medical accounts, and simplified employee pensions in the
          aggregate are equal to or greater than the Maximum Permissible Amount, no amount will be
          contributed or allocated to the Participant's Account under this Plan for the Limitation Year.

     (g)  Prior to determining the Participant's actual Compensation for the Limitation Year, the Employer
          may determine the Maximum Permissible Amount for a Participant in the manner described in (c)
          above.

     (h)  As soon as administratively feasible after the end of the Limitation Year, the Maximum Permissible
          Amount for the Limitation Year will be determined on the basis of the Participant's actual
          Compensation for the Limitation Year.

     (i)  If pursuant to (h) above or as a result of the allocation of forfeitures or as a result of a reasonable
          error in determining the amount of elective deferrals (within the meaning of Code Section
          402(g)(3)) that may be made with respect to any individual under the limits of Code Section 415, a
          Participant's Annual Additions under this Plan and such other plans would result in an Excess
          Amount for a Limitation Year, the Excess Amount will be deemed to consist of the Annual
          Additions last allocated, except that Annual Additions attributable to a simplified employee pension
          will be deemed to have been allocated first, followed by Annual Additions to a welfare benefit fund
          or individual medical account, regardless of the actual allocation date.

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     (j)  If an Excess Amount was allocated to a Participant on an allocation date of this Plan which
          coincides with an allocation date of another plan, the Excess Amount attributed to this Plan will be
          the product of:

          (1) the total Excess Amount allocated as of such date, times

          (2) the ratio of (i) the Annual Addition allocated to the Participant for the Limitation Year as of
              such date under this Plan to (ii) the total Annual Additions allocated to the Participant for
              the Limitation Year as of such date under this and all other qualified defined contribution
              plans.

     (k)  Any Excess Amount attributed to this Plan will be disposed of in the manner described in (e)
          above.

SECTION 3.05--EXCESS AMOUNTS.

     (a)  Definitions. For the purposes of this section, the following terms are defined:

          ACP means the average (expressed as a percentage) of the Contribution Percentages of the
          Eligible Participants in a group.

          ADP means the average (expressed as a percentage) of the Deferral Percentages of the Eligible
          Participants in a group.

          Aggregate Limit means the greater of:

          (1) The sum of:

              (i) 125 percent of the greater of the ADP of the Nonhighly Compensated Employees
                  for the prior Plan Year or the ACP of the Nonhighly Compensated Employees
                  under the plan subject to Code Section 401(m) for the Plan Year beginning with or
                  within the prior Plan Year of the cash or deferred arrangement, and

             (ii) the lesser of 200 percent or 2 percent plus the lesser of such ADP or ACP.

          (2) The sum of:

              (i) 125 percent of the lesser of the ADP of the Nonhighly Compensated Employees
                  for the prior Plan Year or the ACP of the Nonhighly Compensated Employees
                  under the plan subject to Code Section 401(m) for the Plan Year beginning with or
                  within the prior Plan Year of the cash or deferred arrangement, and

             (ii) the lesser of 200 percent or 2 percent plus the greater of such ADP or ACP.

          If the Employer has elected to use the current year testing method, then, in calculating the
          Aggregate Limit for a particular Plan Year, the Nonhighly Compensated Employees' ADP and ACP
          for that Plan Year, instead of the prior Plan Year, is used.

          Contribution Percentage means the ratio (expressed as a percentage) of the Eligible
          Participant's Contribution Percentage Amounts to the Eligible Participant's Compensation for the
          Plan Year (whether or not the Eligible Participant was an Eligible Participant for the entire Plan

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          Year). In modification of the foregoing, Compensation shall be limited to the Compensation
          received while an Eligible Participant. For an Eligible Participant for whom such Contribution
          Percentage Amounts for the Plan Year are zero, the percentage is zero.

          Contribution Percentage Amounts means the sum of the Participant Contributions and Matching
          Contributions (that are not Qualified Matching Contributions taken into account for purposes of the
          ADP Test) made under the Plan on behalf of the Eligible Participant for the Plan Year. Such
          Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either
          to correct Excess Aggregate Contributions or because the Contributions to which they relate are
          Excess Elective Deferrals, Excess Contributions, or Excess Aggregate Contributions. Under such
          rules as the Secretary of the Treasury shall prescribe, in determining the Contribution Percentage
          the Employer may elect to include Qualified Nonelective Contributions under this Plan which were
          not used in computing the Deferral Percentage. The Employer may also elect to use Elective
          Deferral Contributions in computing the Contribution Percentage so long as the ADP Test is met
          before the Elective Deferral Contributions are used in the ACP Test and continues to be met
          following the exclusion of those Elective Deferral Contributions that are used to meet the ACP
          Test.

          Deferral Percentage means the ratio (expressed as a percentage) of Elective Deferral
          Contributions under this Plan on behalf of the Eligible Participant for the Plan Year to the Eligible
          Participant's Compensation for the Plan Year (whether or not the Eligible Participant was an
          Eligible Participant for the entire Plan Year). In modification of the foregoing, Compensation shall
          be limited to the Compensation received while an Eligible Participant. The Elective Deferral
          Contributions used to determine the Deferral Percentage shall include Excess Elective Deferrals
          (other than Excess Elective Deferrals of Nonhighly Compensated Employees that arise solely from
          Elective Deferral Contributions made under this Plan or any other plans of the Employer or a
          Controlled Group member), but shall exclude Elective Deferral Contributions that are used in
          computing the Contribution Percentage (provided the ADP Test is satisfied both with and without
          exclusion of these Elective Deferral Contributions). Under such rules as the Secretary of the
          Treasury shall prescribe, the Employer may elect to include Qualified Nonelective Contributions
          and Qualified Matching Contributions under this Plan in computing the Deferral Percentage. For
          an Eligible Participant for whom such contributions on his behalf for the Plan Year are zero, the
          percentage is zero.

          Elective Deferral Contributions means any employer contributions made to a plan at the election
          of a participant, in lieu of cash compensation, and shall include contributions made pursuant to a
          salary reduction agreement or other deferral mechanism. With respect to any taxable year, a
          participant's Elective Deferral Contributions are the sum of all employer contributions made on
          behalf of such participant pursuant to an election to defer under any qualified cash or deferred
          arrangement described in Code Section 401(k), any salary reduction simplified employee pension
          plan described in Code Section 408(k)(6), any SIMPLE IRA plan described in Code Section 408(p),
          any eligible deferred compensation plan under Code Section 457, any plan described under Code
          Section 501(c)(18), and any employer contributions made on behalf of a participant for the
          purchase of an annuity contract under Code Section 403(b) pursuant to a salary reduction
          agreement. Elective Deferral Contributions shall not include any deferrals properly distributed as
          excess annual additions.

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          Eligible Participant means, for purposes of determining the Deferral Percentage, any Employee
          who is otherwise entitled to make Elective Deferral Contributions under the terms of the Plan for
          the Plan Year. Eligible Participant means, for purposes of determining the Contribution
          Percentage, any Employee who is eligible (i) to make a Participant Contribution or an Elective
          Deferral Contribution (if the Employer takes such contributions into account in the calculation of the
          Contribution Percentage), or (ii) to receive a Matching Contribution (including forfeitures) or a
          Qualified Matching Contribution. If a Participant Contribution is required as a condition of
          participation in the Plan, any Employee who would be a Participant in the Plan if such Employee
          made such a contribution shall be treated as an Eligible Participant on behalf of whom no
          Participant Contributions are made.

          Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

          (1) The aggregate Contribution Percentage Amounts taken into account in computing the
              numerator of the Contribution Percentage actually made on behalf of Highly Compensated
              Employees for such Plan Year, over

          (2) The maximum Contribution Percentage Amounts permitted by the ACP Test (determined
              by hypothetically reducing contributions made on behalf of Highly Compensated
              Employees in order of their Contribution Percentages beginning with the highest of such
              percentages).

          Such determination shall be made after first determining Excess Elective Deferrals and then
          determining Excess Contributions.

          Excess Contributions means, with respect to any Plan Year, the excess of:

          (1) The aggregate amount of employer contributions actually taken into account in computing
              the Deferral Percentage of Highly Compensated Employees for such Plan Year, over

          (2) The maximum amount of such contributions permitted by the ADP Test (determined by
              hypothetically reducing contributions made on behalf of Highly Compensated Employees in
              the order of the Deferral Percentages, beginning with the highest of such percentages).

          Such determination shall be made after first determining Excess Elective Deferrals.

          Excess Elective Deferrals means those Elective Deferral Contributions that are includible in a
          Participant's gross income under Code Section 402(g) to the extent such Participant's Elective
          Deferral Contributions for a taxable year exceed the dollar limitation under such Code section.
          Excess Elective Deferrals shall be treated as Annual Additions, as defined in the CONTRIBUTION
          LIMITATION SECTION of this article, under the Plan, unless such amounts are distributed no later
          than the first April 15 following the close of the Participant's taxable year.

          Matching Contributions means employer contributions made to this or any other defined
          contribution plan, or to a contract described in Code Section 403(b), on behalf of a participant on
          account of a Participant Contribution made by such participant, or on account of a participant's
          Elective Deferral Contributions, under a plan maintained by the Employer or a Controlled Group
          member.

          Participant Contributions means contributions made to the plan by or on behalf of a participant
          that are included in the participant's gross income in the year in which made and that are
          maintained under a separate account to which the earnings and losses are allocated.

          Qualified Matching Contributions means Matching Contributions which are subject to the
          distribution and nonforfeitability requirements under Code Section 401(k) when made.

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          Qualified Nonelective Contributions means any employer contributions (other than Matching
          Contributions) which an employee may not elect to have paid to him in cash instead of being
          contributed to the plan and which are subject to the distribution and nonforfeitability requirements
          under Code Section 401(k) when made.

      (b) Excess Elective Deferrals. A Participant may assign to this Plan any Excess Elective Deferrals
          made during a taxable year of the Participant by notifying the Plan Administrator in writing on or
          before the first following March 1 of the amount of the Excess Elective Deferrals to be assigned to
          the Plan. A Participant is deemed to notify the Plan Administrator of any Excess Elective Deferrals
          that arise by taking into account only those Elective Deferral Contributions made to this Plan and
          any other plan of the Employer or a Controlled Group member. The Participant's claim for Excess
          Elective Deferrals shall be accompanied by the Participant's written statement that if such amounts
          are not distributed, such Excess Elective Deferrals will exceed the limit imposed on the Participant
          by Code Section 402(g) for the year in which the deferral occurred. The Excess Elective Deferrals
          assigned to this Plan cannot exceed the Elective Deferral Contributions allocated under this Plan
          for such taxable year.

          Notwithstanding any other provisions of the Plan, Elective Deferral Contributions in an amount
          equal to the Excess Elective Deferrals assigned to this Plan, plus any income and minus any loss
          allocable thereto, shall be distributed no later than April 15 to any Participant to whose Account
          Excess Elective Deferrals were assigned for the preceding year and who claims Excess Elective
          Deferrals for such taxable year.

          The Excess Elective Deferrals shall be adjusted for income or loss. The income or loss allocable
          to such Excess Elective Deferrals shall be equal to the income or loss allocable to the Participant's
          Elective Deferral Contributions for the taxable year in which the excess occurred multiplied by a
          fraction. The numerator of the fraction is the Excess Elective Deferrals. The denominator of the
          fraction is the closing balance without regard to any income or loss occurring during such taxable
          year (as of the end of such taxable year) of the Participant's Account resulting from Elective
          Deferral Contributions.

          Any Matching Contributions which were based on the Elective Deferral Contributions which are
          distributed as Excess Elective Deferrals, plus any income and minus any loss allocable thereto,
          shall be forfeited.

      (c) ADP Test. As of the end of each Plan Year after Excess Elective Deferrals have been determined,
          the Plan must satisfy the ADP Test. The ADP Test shall be satisfied using the prior year testing
          method, unless the Employer has elected to use the current year testing method.

          (1) Prior Year Testing Method. The ADP for a Plan Year for Eligible Participants who are
              Highly Compensated Employees for each Plan Year and the prior year's ADP for Eligible
              Participants who were Nonhighly Compensated Employees for the prior Plan Year must
              satisfy one of the following tests:

              (i) The ADP for a Plan Year for Eligible Participants who are Highly Compensated
                  Employees for the Plan Year shall not exceed the prior year's ADP for Eligible
                  Participants who were Nonhighly Compensated Employees for the prior Plan Year
                  multiplied by 1.25; or

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            (ii) The ADP for a Plan Year for Eligible Participants who are Highly Compensated
                 Employees for the Plan Year:

                 A. shall not exceed the prior year's ADP for Eligible Participants who were
                    Nonhighly Compensated Employees for the prior Plan Year multiplied by
                    2, and

                 B. the difference between such ADPs is not more than 2.

            If this is not a successor plan, for the first Plan Year the Plan permits any Participant to
            make Elective Deferral Contributions, for purposes of the foregoing tests, the prior year's
            Nonhighly Compensated Employees' ADP shall be 3 percent, unless the Employer has
            elected to use the Plan Year's ADP for these Eligible Participants.

      (2)   Current Year Testing Method. The ADP for a Plan Year for Eligible Participants who are
            Highly Compensated Employees for each Plan Year and the ADP for Eligible Participants
            who are Nonhighly Compensated Employees for the Plan Year must satisfy one of the
            following tests:

            (i) The ADP for a Plan Year for Eligible Participants who are Highly Compensated
                Employees for the Plan Year shall not exceed the ADP for Eligible Participants
                who are Nonhighly Compensated Employees for the Plan Year multiplied by 1.25;
                or

           (ii) The ADP for a Plan Year for Eligible Participants who are Highly Compensated
                Employees for the Plan Year:

                A. shall not exceed the ADP for Eligible Participants who are Nonhighly
                   Compensated Employees for the Plan Year multiplied by 2, and

                B. the difference between such ADP's is not more than 2.

            If the Employer has elected to use the current year testing method, that election cannot be
            changed unless (i) the Plan has been using the current year testing method for the
            preceding five Plan Years, or if less, the number of Plan Years the Plan has been in
            existence; or (ii) the Plan otherwise meets one of the conditions specified in Internal
            Revenue Service Notice 98-1 (or superseding guidance) for changing from the current year
            testing method.

     A Participant is a Highly Compensated Employee for a particular Plan Year if he meets the
     definition of a Highly Compensated Employee in effect for that Plan Year. Similarly, a Participant is
     a Nonhighly Compensated Employee for a particular Plan Year if he does not meet the definition of
     a Highly Compensated Employee in effect for that Plan Year.

     The Deferral Percentage for any Eligible Participant who is a Highly Compensated Employee for
     the Plan Year and who is eligible to have Elective Deferral Contributions (and Qualified
     Nonelective Contributions or Qualified Matching Contributions, or both, if treated as Elective
     Deferral Contributions for purposes of the ADP Test) allocated to his account under two or more
     arrangements described in Code Section 401(k) that are maintained by the Employer or a
     Controlled Group member shall be determined as if such Elective Deferral Contributions (and, if
     applicable, such Qualified Nonelective Contributions or Qualified Matching Contributions, or both)
     were made under a single arrangement. If a Highly Compensated Employee participates in two or
     more cash or deferred arrangements that have different plan years, all cash or deferred
     arrangements ending with or within the same calendar year shall be treated as a single
     arrangement. The foregoing notwithstanding, certain plans shall be treated as separate if
     mandatorily disaggregated under the regulations of Code Section 401(k).

RESTATEMENT JANUARY 1, 2005                            32                          ARTICLE III (4-51391)-1

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          In the event this Plan satisfies the requirements of Code Section 401(k), 401(a)(4), or 410(b) only if
          aggregated with one or more other plans, or if one or more other plans satisfy the requirements of
          such Code sections only if aggregated with this Plan, then this section shall be applied by
          determining the Deferral Percentage of Employees as if all such plans were a single plan. Any
          adjustments to the Nonhighly Compensated Employee ADP for the prior year shall be made in
          accordance with Internal Revenue Service Notice 98-1 (or superseding guidance), unless the
          Employer has elected to use the current year testing method. Plans may be aggregated in order to
          satisfy Code Section 401(k) only if they have the same plan year and use the same testing method
          for the ADP Test.

          For purposes of the ADP Test, Elective Deferral Contributions, Qualified Nonelective Contributions,
          and Qualified Matching Contributions must be made before the end of the 12-month period
          immediately following the Plan Year to which the contributions relate.

          The Employer shall maintain records sufficient to demonstrate satisfaction of the ADP Test and the
          amount of Qualified Nonelective Contributions or Qualified Matching Contributions, or both, used in
          such test.

          If the Plan Administrator should determine during the Plan Year that the ADP Test is not being met,
          the Plan Administrator may limit the amount of future Elective Deferral Contributions of the Highly
          Compensated Employees.

          Notwithstanding any other provisions of this Plan, Excess Contributions, plus any income and
          minus any loss allocable thereto, shall be distributed no later than the last day of each Plan Year to
          Participants to whose Accounts such Excess Contributions were allocated for the preceding Plan
          Year. Excess Contributions are allocated to the Highly Compensated Employees with the largest
          amounts of employer contributions taken into account in calculating the ADP Test for the year in
          which the excess arose, beginning with the Highly Compensated Employee with the largest
          amount of such employer contributions and continuing in descending order until all of the Excess
          Contributions have been allocated. For purposes of the preceding sentence, the "largest amount"
          is determined after distribution of any Excess Contributions. If such excess amounts are
          distributed more than 2 1/2 months after the last day of the Plan Year in which such excess
          amounts arose, a 10 percent excise tax shall be imposed on the employer maintaining the plan
          with respect to such amounts.

          Excess Contributions shall be treated as Annual Additions, as defined in the CONTRIBUTION
          LIMITATION SECTION of this article.

          The Excess Contributions shall be adjusted for income or loss. The income or loss allocable to
          such Excess Contributions allocated to each Participant shall be equal to the income or loss
          allocable to the Participant's Elective Deferral Contributions (and, if applicable, Qualified
          Nonelective Contributions or Qualified Matching Contributions, or both) for the Plan Year in which
          the excess occurred multiplied by a fraction. The numerator of the fraction is the Excess
          Contributions. The denominator of the fraction is the closing balance without regard to any income
          or loss occurring during such Plan Year (as of the end of such Plan Year) of the Participant's
          Account resulting from Elective Deferral Contributions (and Qualified Nonelective Contributions or
          Qualified Matching Contributions, or both, if such contributions are included in the ADP Test).

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         Excess Contributions allocated to a Participant shall be distributed from the Participant's Account
         resulting from Elective Deferral Contributions. If such Excess Contributions exceed the balance in
         the Participant's Account resulting from Elective Deferral Contributions, the balance shall be
         distributed from the Participant's Account resulting from Qualified Matching Contributions (if
         applicable) and Qualified Nonelective Contributions, respectively.

         Any Matching Contributions which were based on the Elective Deferral Contributions which are
         distributed as Excess Contributions, plus any income and minus any loss allocable thereto, shall
         be forfeited.

     (d) ACP Test. As of the end of each Plan Year, the Plan must satisfy the ACP Test. The ACP Test
         shall be satisfied using the prior year testing method, unless the Employer has elected to use the
         current year testing method.

         (1) Prior Year Testing Method. The ACP for a Plan Year for Eligible Participants who are
             Highly Compensated Employees for each Plan Year and the prior year's ACP for Eligible
             Participants who were Nonhighly Compensated Employees for the prior Plan Year must
             satisfy one of the following tests:

             (i) The ACP for the Plan Year for Eligible Participants who are Highly Compensated
                 Employees for the Plan Year shall not exceed the prior year's ACP for Eligible
                 Participants who were Nonhighly Compensated Employees for the prior Plan Year
                 multiplied by 1.25; or

            (ii) The ACP for a Plan Year for Eligible Participants who are Highly Compensated
                 Employees for the Plan Year:

                 A. shall not exceed the prior year's ACP for Eligible Participants who were
                    Nonhighly Compensated Employees for the prior Plan Year multiplied by
                    2, and

                 B. the difference between such ACPs is not more than 2.

             If this is not a successor plan, for the first Plan Year the Plan permits any Participant to
             make Participant Contributions, provides for Matching Contributions, or both, for purposes
             of the foregoing tests, the prior year's Nonhighly Compensated Employees' ACP shall be 3
             percent, unless the Employer has elected to use the Plan Year's ACP for these Eligible
             Participants.

         (2) Current Year Testing Method. The ACP for a Plan Year for Eligible Participants who are
             Highly Compensated Employees for each Plan Year and the ACP for Eligible Participants
             who are Nonhighly Compensated Employees for the Plan Year must satisfy one of the
             following tests:

             (i) The ACP for a Plan Year for Eligible Participants who are Highly Compensated
                 Employees for the Plan Year shall not exceed the ACP for Eligible Participants
                 who are Nonhighly Compensated Employees for the Plan Year multiplied by 1.25;
                 or

RESTATEMENT JANUARY 1, 2005                            34                          ARTICLE III (4-51391)-1

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            (ii) The ACP for a Plan Year for Eligible Participants who are Highly Compensated
                 Employees for the Plan Year:

                 A. shall not exceed the ACP for Eligible Participants who are Nonhighly
                    Compensated Employees for the Plan Year multiplied by 2, and

                 B. the difference between such ACPs is not more than 2.

             If the Employer has elected to use the current year testing method, that election cannot be
             changed unless (i) the Plan has been using the current year testing method for the
             preceding five Plan Years, or if less, the number of Plan Years the Plan has been in
             existence; or (ii) the Plan otherwise meets one of the conditions specified in Internal
             Revenue Service Notice 98-1 (or superseding guidance) for changing from the current year
             testing method.

         A Participant is a Highly Compensated Employee for a particular Plan Year if he meets the
         definition of a Highly Compensated Employee in effect for that Plan Year. Similarly, a Participant is
         a Nonhighly Compensated Employee for a particular Plan Year if he does not meet the definition of
         a Highly Compensated Employee in effect for that Plan Year.

         Multiple Use. If one or more Highly Compensated Employees participate in both a cash or
         deferred arrangement and a plan subject to the ACP Test maintained by the Employer or a
         Controlled Group member, and the sum of the ADP and ACP of those Highly Compensated
         Employees subject to either or both tests exceeds the Aggregate Limit, then the Contribution
         Percentage of those Highly Compensated Employees who also participate in a cash or deferred
         arrangement will be reduced in the manner described below for allocating Excess Aggregate
         Contributions so that the limit is not exceeded. The amount by which each Highly Compensated
         Employee's Contribution Percentage is reduced shall be treated as an Excess Aggregate
         Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any
         corrections required to meet the ADP Test and ACP Test and are deemed to be the maximum
         permitted under such tests for the Plan Year. Multiple use does not occur if either the ADP or ACP
         of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP,
         respectively, of the Nonhighly Compensated Employees.

         The Contribution Percentage for any Eligible Participant who is a Highly Compensated Employee
         for the Plan Year and who is eligible to have Contribution Percentage Amounts allocated to his
         account under two or more plans described in Code Section 401(a) or arrangements described in
         Code Section 401(k) that are maintained by the Employer or a Controlled Group member shall be
         determined as if the total of such Contribution Percentage Amounts was made under each plan. If
         a Highly Compensated Employee participates in two or more cash or deferred arrangements that
         have different plan years, all cash or deferred arrangements ending with or within the same
         calendar year shall be treated as a single arrangement. The foregoing notwithstanding, certain
         plans shall be treated as separate if mandatorily disaggregated under the regulations of Code
         Section 401(m).

         In the event this Plan satisfies the requirements of Code Section 401(m), 401(a)(4), or 410(b) only
         if aggregated with one or more other plans, or if one or more other plans satisfy the requirements
         of such Code sections only if aggregated with this Plan, then this section shall be applied by
         determining the Contribution Percentage of Employees as if all such plans were a single plan. Any
         adjustments to the Nonhighly Compensated Employee ACP for the prior year shall be made in
         accordance with Internal Revenue Service Notice 98-1 (or superseding guidance), unless the
         Employer has elected to use the current year testing method. Plans may be aggregated in order to
         satisfy Code Section 401(m) only if they have the same plan year and use the same testing
         method for the ACP Test.

RESTATEMENT JANUARY 1, 2005                            35                          ARTICLE III (4-51391)-1

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         For purposes of the ACP Test, Participant Contributions are considered to have been made in the
         Plan Year in which contributed to the Plan. Matching Contributions and Qualified Nonelective
         Contributions will be considered to have been made for a Plan Year if made no later than the end
         of the 12-month period beginning on the day after the close of the Plan Year.

         The Employer shall maintain records sufficient to demonstrate satisfaction of the ACP Test and the
         amount of Qualified Nonelective Contributions or Qualified Matching Contributions, or both, used in
         such test.

         Notwithstanding any other provisions of this Plan, Excess Aggregate Contributions, plus any
         income and minus any loss allocable thereto, shall be forfeited, if not vested, or distributed, if
         vested, no later than the last day of each Plan Year to Participants to whose Accounts such
         Excess Aggregate Contributions were allocated for the preceding Plan Year. Excess Aggregate
         Contributions are allocated to the Highly Compensated Employees with the largest Contribution
         Percentage Amounts taken into account in calculating the ACP Test for the year in which the
         excess arose, beginning with the Highly Compensated Employee with the largest amount of such
         Contribution Percentage Amounts and continuing in descending order until all of the Excess
         Aggregate Contributions have been allocated. For purposes of the preceding sentence, the
         "largest amount" is determined after distribution of any Excess Aggregate Contributions. If such
         Excess Aggregate Contributions are distributed more than 2 1/2 months after the last day of the
         Plan Year in which such excess amounts arose, a 10 percent excise tax shall be imposed on the
         employer maintaining the plan with respect to such amounts.

         Excess Aggregate Contributions shall be treated as Annual Additions, as defined in the
         CONTRIBUTION LIMITATION SECTION of this article.

         The Excess Aggregate Contributions shall be adjusted for income or loss. The income or loss
         allocable to such Excess Aggregate Contributions allocated to each Participant shall be equal to
         the income or loss allocable to the Participant's Contribution Percentage Amounts for the Plan
         Year in which the excess occurred multiplied by a fraction. The numerator of the fraction is the
         Excess Aggregate Contributions. The denominator of the fraction is the closing balance without
         regard to any income or loss occurring during such Plan Year (as of the end of such Plan Year) of
         the Participant's Account resulting from Contribution Percentage Amounts.

         Excess Aggregate Contributions allocated to a Participant shall be distributed from the Participant's
         Account resulting from Participant Contributions that are not required as a condition of employment
         or participation or for obtaining additional benefits from Employer Contributions. If such Excess
         Aggregate Contributions exceed the balance in the Participant's Account resulting from such
         Participant's Contributions, the balance shall be forfeited, if not vested, or distributed, if vested, on
         a pro-rata basis from the Participant's Account resulting from Contribution Percentage Amounts.

     (e) Employer Elections. The Employer has made an election to use the current year testing method.

RESTATEMENT JANUARY 1, 2005                            36                          ARTICLE III (4-51391)-1

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SECTION 3.06-PROHIBITED ALLOCATIONS OF EMPLOYER STOCK.

Notwithstanding any contrary provision of the Plan, Employer Stock will not be allocated under the
following circumstances.

     (a) Sale under Code Section 1042. Employer Stock that has been acquired by the Plan in a sale to
         which Code Section 1042 applies shall not be allocated during the non-allocation period directly or
         indirectly under the Plan (or any qualified plan of any Employer) to the Accounts of:

         (1) The individual who makes the election under Code Section 1042.

         (2) Any individual who is related (within the meaning of Code Section 267(b)) to the individual
             who makes the election under Code Section 1042. However, this paragraph shall not
             apply to lineal descendents of the individual who makes the election under Code Section
             1042, provided that the aggregate amount allocated to the benefit of such lineal
             descendents during the non-allocation period does not exceed than five percent (5%) of
             the Employer Stock (or amounts allocated in lieu thereof) held by the Plan which are
             attributable to a sale to the Plan by any person related to such descendents (within the
             meaning of Code Section 267(c)(4)) in a transaction subject to Code Section 1042.

             The "non-allocation period" is the period for this purpose beginning on the date of the sale
             of the Employer Stock to the Plan and ending on the later of the date which is ten (10)
             years after the date of sale or the date of the allocation attributable to the final payment of
             an Exempt Loan incurred in connection with such sale to the Plan.

             Further, notwithstanding any contrary provision of the Plan, Employer Stock that has been
             acquired by the Plan in a sale to which Code Section 1042 applies shall not be allocated,
             during or after the non-allocation period, directly or indirectly under the Plan (or any
             qualified plan of any Employer) to the Account of any individual who owns (after application
             of the aggregation rules of Code Section 318(a) applied without regard to the employee
             trust exception in Code Section 318(a)(2)(B)(I)) more than twenty-five percent (25%) of any
             class of outstanding stock of any Employer, or the total value of any class of outstanding
             stock of the Employer.

     (b) S-Corporation Shareholders. For Plan Years beginning after December 31, 2004, if the Plan holds
         Employer Stock of an S Corporation, no allocations of such Employer Stock shall be made to
         disqualified persons during any nonallocation year. The terms "disqualified person" and
         "nonallocation year" shall have the meaning set forth under Code Section 409(p).

RESTATEMENT JANUARY 1, 2005                            37                          ARTICLE III (4-51391)-1

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ARTICLE IV
INVESTMENT OF CONTRIBUTIONS
SECTION 4.01--INVESTMENT AND TIMING OF CONTRIBUTIONS.

The handling of Contributions is governed by the provisions of the Trust
Agreement, the Annuity Contract, and any other funding arrangement in which the
Plan Fund is or may be held or invested. To the extent permitted by the Trust
Agreement, Annuity Contract, or other funding arrangement, the parties named
below shall direct the Contributions to any insurance policy, the guaranteed
benefit policy portion of the Annuity Contract, any of the investment options
available under the Annuity Contract, or any of the investment vehicles
available under the Trust Agreement and may request the transfer of amounts
resulting from those Contributions between such investment options and
investment vehicles or the transfer of amounts between the guaranteed benefit
policy portion of the Annuity Contract and such investment options and
investment vehicles. A Participant may not direct the Trustee or Insurer to
invest the Participant’s Account in collectibles. Collectibles mean any work of
art, rug or antique, metal or gem, stamp or coin, alcoholic beverage, or other
tangible personal property specified by the Secretary of the Treasury. However,
for tax years beginning after December 31, 1997, certain coins and bullion as
provided in Code Section 408(m)(3) shall not be considered collectibles. To the
extent that a Participant who has investment direction fails to give timely
direction, the Primary Employer shall direct the investment of his Account. If
the Primary Employer has investment direction, such Account shall be invested
ratably in the guaranteed benefit policy portion of the Annuity Contract, the
investment options available under the Annuity Contract, or the investment
vehicles available under the Trust Agreement in the same manner as the Accounts
of all other Participants who do not direct their investments. The Primary
Employer shall have investment direction for amounts which have not been
allocated to Participants. To the extent an investment is no longer available,
the Primary Employer may require that amounts currently held in such investment
be reinvested in other investments.

At least annually, the Named Fiduciary shall review all pertinent Employee
information and Plan data in order to establish the funding policy of the Plan
and to determine appropriate methods of carrying out the Plan’s objectives. The
Named Fiduciary shall inform the Trustee and any Investment Manager of the
Plan’s short-term and long-term financial needs so the investment policy can be
coordinated with the Plan’s financial requirements.

     (a) Matching and Qualified Nonelective Contributions: The Participant shall direct the investment of
         such Employer Contributions and transfer of amounts resulting from those Contributions.

     (b) Elective Deferral Contributions: The Participant shall direct the investment of Elective Deferral
         Contributions and transfer of amounts resulting from those Contributions.

     (c) Rollover Contributions: The Participant shall direct the investment of Rollover Contributions and
         transfer of amounts resulting from those Contributions.

     (d) ESOP Contributions: The Employer shall direct the investment of ESOP Contributions and transfer
         of amounts resulting from those Contributions.

However, the Named Fiduciary may delegate to the Investment Manager investment
discretion for Contributions and amounts which are not subject to Participant
direction.

The Employer shall pay to the Insurer or Trustee, as applicable, the Elective
Deferral Contributions and Qualified Nonelective Contributions for each Plan
Year not later than the end of the 12-month period immediately following the
Plan Year for which they are deemed to be paid.

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All Contributions are forwarded by the Employer to the Trustee to be deposited
in the Trust Fund or to the Insurer to be deposited under the Annuity Contract,
as applicable. Contributions that are accumulated through payroll deduction
shall be paid to the Trustee or Insurer, as applicable, by the earlier of (i)
the date the Contributions can reasonably be segregated from the Employer’s
assets, or (ii) the 15th business day of the month following the month in which
the Contributions would otherwise have been paid in cash to the Participant.

SECTION 4.02--EMPLOYER STOCK FUND--INVESTMENT MATTERS.

     (a) ESOP Designation. The portion of the Plan that consists of the Employer Stock Fund, the
         Unallocated Reserve and the ESOP Subaccounts is an employee stock ownership plan (within the
         meaning of Code Section 4975(e)(7)) and is designed to invest primarily in Employer Stock. All
         shares of Employer Stock held under the Plan will be held in the Trust Fund in the name of the
         Trustee or the nominee of the Trustee.

     (b) Investment Elections and Diversification. A Participant, Beneficiary or Alternate Payee may direct
         that his/her Account be invested in the Employer Stock Fund. Because investment in the Employer
         Stock Fund of amounts attributable to Elective Deferral Contributions can occur only at the
         direction of a Participant, Beneficiary or Alternate Payee, the Plan is exempt from the ten percent
         (10%) limit under ERISA Section 407. Up to one-hundred percent of the Investment Fund may be
         invested in the Employer Stock Fund if so directed by the Participants, Beneficiaries and Alternate
         Payees. However, the Plan Administrator reserves the right to limit the percentage of each
         Participant's Account which is invested in the Employer Stock Fund. The following rules will apply:

         (1) Investments in Employer Stock. A Participant, Beneficiary or Alternate Payee may direct
             account balances resulting from Contributions to be invested in the Employer Stock Fund
             (excluding account balances attributable to ESOP Contributions). Any such direction with
             respect to the existing balance of his/her Account shall be drawn from the Non-ESOP
             Subaccounts of the various source accounts prorata based on the balance of such Non-
             ESOP Subaccounts. Any such direction given by a Participant shall be immediately drawn
             from the Non-ESOP Subaccounts into which they are deemed to be deposited), and shall
             be drawn from the Non-ESOP Subaccounts of the various source accounts prorata based
             on the Contributions being credited to such Non-ESOP Subaccounts.

         (2) Diversification of Employer Stock Investments Attributable to Matching and Qualified
             Nonelective Contributions and Elective Deferrals into Other Investment Options. A
             Participant, Beneficiary or Alternate Payee may direct that all or any number of the shares of
             Employer Stock credited to his/her ESOP Subaccounts (excluding account balances
             attributable to ESOP Contributions) be converted to cash and reinvested in the other
             investment options then available under the Plan. Any such reinvestment shall be drawn
             from the ESOP Subaccounts of the various source accounts prorata based on the balance of
             such ESOP Subaccounts. Any direction to convert shares of Employer Stock to cash and
             reinvest the proceeds in the other investment options then available under the Plan will be
             effectuated as soon as administratively practicable after the direction is received, taking into
             account the time necessary to receive cash upon settlement of a securities trade (currently
             T+3).

             Investment and reinvestment directions may be given with such frequency as is deemed
             appropriate by the Plan Administrator and must be made in such percentage or dollar
             increments, in such manner and in accordance with such rules as may be prescribed for this
             purpose by the Plan Administrator (including by means of a voice response or other
             electronic system under circumstances so authorized by the Plan Administrator). Investment
             and reinvestment directions will be processed in accordance with the then current
             procedures of the Plan and shall be subject to the provisions of Section 4.01.

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         (3) Diversification of Employer Stock Attributable to ESOP Contributions. A Participant who
             has completed at least ten (10) years of participation in the Plan and has attained age fiftyfive
             (55) may elect, within ninety (90) days after the close of the first Plan Year after the
             Plan Year in which the Participant meets such requirements and within ninety (90) days of
             the close of each of the four (4) succeeding Plan Years, to have twenty-five percent (25%)
             of the value of the shares of Employer Stock allocated to his/her source account reflecting
             ESOP Contributions (to the extent such value was not subject-to a prior election pursuant
             to this Section 4.02) invested in any of the other investment options available under the
             Plan, which shall include at least three (3) investment options which satisfy the
             requirements of section 401(a)(28) of the Code. Such a Participant may also elect, within
             ninety (90) days after the close of the Plan Year within which the last such election is
             offered, to have fifty percent (50%) of the value of the shares of Employer Stock allocated
             to his/her source account reflecting ESOP Contributions (to the extent such value was not
             subject to a prior election pursuant to this Section 4.02) invested in any of the other
             investment options available under the Plan. Provided, however, that the above
             diversification requirements do not apply if the value of the Employer Stock in a
             Participant's source account reflecting ESOP Contributions does not exceed five hundred
             dollars ($500).

     (c) Dividends. Cash Dividends paid on shares of Employer Stock credited to an ESOP Subaccount of
         a Participant, Beneficiary or Alternate Payee as of the record date of such dividend may be:

         (1) Subject to the discretion of the Employer to implement this cash option, paid to the
             Participant, Beneficiary or Alternate Payee if so elected under the procedure outlined
             below; or

         (2) Otherwise, added to the balance of his/her Account as soon as administratively practicable
             after such dividends are paid into the Trust Fund.

         A Participant, Beneficiary or Alternate Payee may elect to have cash dividends on shares of
         Employer Stock credited to his/her ESOP Subaccounts either paid to him/her in cash or added to
         the balance of his/her Account and reinvested in Employer Stock. Cash dividends that the
         Participant, Beneficiary or Alternate Payee elects to receive in cash will be paid on or as soon as
         administratively practicable following the payable date of such dividend. Cash dividends that the
         Participant, Beneficiary or Alternate Payee elects to have reinvested in Employer Stock will be
         credited to the source account to which the shares of Employer Stock were credited as of the
         record date, or, in the case of the source account reflecting Matching or ESOP Contributions, the
         dividends will be credited to a separate source account that reflects only such cash dividends, and
         shall be reinvested in additional shares of Employer Stock on or as soon as administratively
         practicable following the payable date of such dividend (regardless of the election otherwise then in
         effect with respect to investment in Employer Stock).

         Shares of Employer Stock shall be deemed to be credited to the ESOP Subaccount of a
         Participant, Beneficiary or Alternate Payee as of the record date of a dividend if they are credited to
         his/her ESOP Subaccount as of the close of the day prior to the ex-date of such dividend (or, if the
         ex-date is after the record date, as of the close of the day prior to the record date).

RESTATEMENT JANUARY 1, 2005                            40                          ARTICLE IV (4-51391)-1

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         An election hereunder must be made in such manner and in accordance with such rules as may be
         prescribed for this purpose by the Plan Administrator (including by means of a voice response or
         other electronic system under circumstances so authorized by the Plan Administrator). In the
         absence of an affirmative election received by the deadline established for this purpose by the Plan
         Administrator (which shall be no less than thirty (30) days after notice of the dividend election is
         provided), a Participant, Beneficiary or Alternate Payee will be deemed to have elected to have
         cash dividends added to his/her Account and reinvested in Employer Stock. To the extent so
         prescribed by the Plan Administrator, an election hereunder will be "evergreen" - that is, it will
         continue to apply until changed by the Participant, Beneficiary or Alternate Payee. Under the rules
         prescribed by the Plan Administrator, a Participant, Beneficiary or Alternate Payee shall be allowed
         to revise his/her election no less than once a year, and if there is a change in the terms of the Plan
         governing the manner in which dividends are paid or distributed, a Participant, Beneficiary or
         Alternate Payee shall be allowed a reasonable opportunity to make a new election.

     (d) Authorization for Exempt Loan. The Employer does not have a present intent for the Plan to
         purchase Employer Stock with an Exempt Loan. However, the Employer in the future may direct
         that the Plan engage in an Exempt Loan that satisfies the following requirements:

         (1) Lender. The Exempt Loan may be made by the Employer or any lender acceptable to the
             Employer, and may be made or guaranteed by a party in interest (as defined in ERISA
             Section 3(14)) or a disqualified person (as defined in Code Section 4975).

         (2) Use of Loan Proceeds. The Exempt Loan must be used within a reasonable time after
             receipt to acquire shares of Employer Stock for the Unallocated Reserve or to repay a prior
             Exempt Loan (or for any combination of the foregoing purposes).

         (3) No Recourse Against Trust Fund. The Exempt Loan must be without recourse against the
             Plan except that:

             (i) The Employer Stock acquired with the proceeds of the Exempt Loan may be
                 pledged or otherwise used to secure repayment of the Exempt Loan, and the
                 Employer Stock acquired with the proceeds of a prior Exempt Loan which is repaid
                 with the proceeds of the Exempt Loan may be pledged or otherwise used to
                 secure repayment of the Exempt Loan, and

            (ii) Any ESOP Contributions that are made for the purpose of satisfying the
                 obligations under the Exempt Loan (and earnings thereon) may be pledged or
                 otherwise used to secure repayment of the Exempt Loan, and

           (iii) The earnings attributable to shares of Employer Stock acquired with the proceeds
                 of an Exempt Loan may be used to repay that Exempt Loan or any renewal or
                 extension thereof, and

            (iv) The earnings attributable to unallocated shares of Employer Stock that were
                 acquired with the proceeds of an Exempt Loan may be pledged or otherwise used
                 as security for another Exempt Loan.

         (4) Term of Loan. The Exempt Loan must provide for principal and interest to be paid over a
             specific term, and not payable upon demand except in the event of default.

RESTATEMENT JANUARY 1, 2005                            41                          ARTICLE IV (4-51391)-1

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         (5) Release of Shares from Unallocated Reserve. Payments on an Exempt Loan will result in
             release of shares from the Unallocated Reserve, with the number of shares released each
             Plan Year equal "A" multiplied by "B" where:

             "A" = the number of shares held in the Unallocated Reserve immediately before the
                   release;

             "B" = a fraction, the numerator of which is equal to the principal and interest paid on the
                   Exempt Loan for the Plan Year and the denominator of which is equal to the sum
                   of the numerator and the total principal and interest scheduled to be paid on the
                   Exempt Loan for all future Plan Years (without consideration of possible
                   extensions or renewal periods).

             If the interest rate under the Exempt Loan is variable, the amount of interest to be paid in
             future Plan Years shall be calculated by using the interest rate in effect on the last day of
             the current Plan Year.

             If an Exempt Loan is repaid as a result of a refinancing by another Exempt Loan, such
             repayment shall not be considered a repayment under this subsection and the release of
             shares thereafter shall be determined by aggregating principal and interest on the loan and
             any refinancing of the loan.

         (6) Interest Rate. The Exempt Loan must bear interest at a fixed or variable rate that is not in
             excess of a reasonable rate of interest considering all relevant factors (including, but not
             limited to, the amount and duration of the loan, the security given, the guarantees involved,
             the credit standing of the Plan, the Employer, and the guarantors, and the generally
             prevailing rates of interest).

         (7) Default. The Exempt Loan must provide that, in the event of default, the fair market value
             of Employer Stock and other assets which can be transferred in satisfaction of the loan
             must not exceed the amount of the loan. If the lender is a party in interest or disqualified
             person, the loan must provide for a transfer of Plan assets upon default only upon and to
             the extent of the failure of the Plan to satisfy the payment schedule of the Exempt Loan.

         (8) Restrictions. Unless required under Code Section 409(h), no options, puts, call, rights of
             first refusal or other restrictions on alienability will attach to any shares of Employer Stock
             acquired with the proceeds of an Exempt Loan and held in the Trust Fund or distributed
             from the Plan, whether or not this Plan continues to be an employee stock ownership plan
             with the meaning of Code Section 4975(e)(7).

         (e) Valuation of Employer Stock. If the Employer Stock is not publicly traded, or if an extremely thin
             market exists for such securities so that reasonable valuation may not be obtained from the market
             place, then such securities must be valued at least annually by an independent appraiser who is
             not associated with the Employer, the Plan Administrator, the Trustee, or any person related to any
             fiduciary under the Plan. The independent appraiser may be associated with a person who is
             merely a contract administrator with respect to the Plan, but who exercises no discretionary
             authority and is not a plan fiduciary. The value of Participant's Account held in the Employer Stock
             Fund may be expressed in units.

RESTATEMENT JANUARY 1, 2005                            42                          ARTICLE IV (4-51391)-1

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             If there is a public market for Employer Stock, then the Plan Administrator may use as the value of
             the securities the price at which such securities trade in such market. If the Employer Stock does
             are representative of the fair market value of such securities in the opinion of the Plan
             Administrator.

         (f) Purchases or Sales of Employer Stock. The Plan Administrator may direct the Trustee to sell,
             resell, or otherwise dispose of Employer Stock to any person, including the Employer, provided
             that any such sales to any disqualified person or party-in-interest, including the Employer, will be
             made at not less than the fair market value and no commission will be charged. Any such sale
             shall be made in conformance with ERISA Section 408(e). If it is necessary to purchase Employer
             Stock for the Trust Fund, such purchase may be on the open market or from the Employer or any
             member of the Controlled Group. All purchases of Employer Stock shall be made at a price, or
             prices, which, in the judgement of the Plan Administrator, do not exceed the fair market value of
             such securities. If shares are purchased from or sold to the Employer or a member of the
             Controlled Group, the purchase or sale will be made at the price determined under paragraph (e)
             above.

             In the event that the Trustee acquires Employer Stock by purchase from a "disqualified person" as
             defined in Code Section 4975(e)(2) or from a "party-in-interest" as defined in ERISA Section 3(14),
             the terms of such purchase shall contain the provision that in the event there is a final
             determination by the Internal Revenue Service, the Department of Labor, or court of competent
             jurisdiction that the fair market value of such securities as of the date of purchase was less than
             the purchase price paid by the Trustee, then the seller shall pay or transfer, as the case may be, to
             the Trustee an amount of cash or shares of Employer Stock equal in value to the difference
             between the purchase price and such fair market value for all such shares. In the event that cash
             or shares of Employer Stock are paid or transferred to the Trustee under this provision, such
             securities shall be valued at their fair market value as of the date of such purchase, and interest at
             a reasonable rate from the date of purchase to the date of payment or transfer shall be paid by the
             seller on the amount of cash paid.

         (g) Compliance with Securities Laws. The Employer is responsible for compliance with any applicable
             Federal or state securities law with respect to all aspects of the Plan except for the Trustee's
             obligation to report its ownership of Employer Stock. If the Employer Stock or interest in this Plan
             are required to be registered in order to permit investment in the Employer Stock Fund as provided
             in this section, then such investment will not be effective until the later of the effective date of the
             Plan or the date such registration or qualification is effective. The Employer, at its own expense,
             will take or cause to be taken any and all such actions as may be necessary or appropriate to
             effect such registration or qualification. Further, if the Trustee is directed to dispose of any
             Employer Stock held under the Plan under circumstances which require registration or qualification
             of the securities under applicable Federal or state securities laws, then the Employer will, at its own
             expense, take or cause to be taken any and all such action as may be necessary or appropriate to
             effect such registration or qualification. The Employer is responsible for all compliance
             requirements under Section 16 of the Securities Act.

RESTATEMENT JANUARY 1, 2005                            43                          ARTICLE IV (4-51391)-1

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                                               ARTICLE V

                                               BENEFITS

SECTION 5.01--RETIREMENT BENEFITS.

On a Participant's Retirement Date, his Vested Account shall be distributed to him according to the
distribution of benefits provisions of Article VI and the provisions of the SMALL AMOUNTS SECTION of Article X.

SECTION 5.02--DEATH BENEFITS.

If a Participant dies before his Annuity Starting Date, his Vested Account shall be distributed according to
the distribution of benefits provisions of Article VI and the provisions of the SMALL AMOUNTS SECTION of
Article X.

SECTION 5.03--VESTED BENEFITS.

If an Inactive Participant's Vested Account is not payable under the SMALL AMOUNTS SECTION of
Article X, he may elect, but is not required, to receive a distribution of his Vested Account after he ceases to be an
Employee. A distribution under this paragraph shall be a retirement benefit and shall be distributed to the
Participant according to the distribution of benefits provisions of Article VI.

A Participant may not elect to receive a distribution under the provisions of this section after he again
becomes an Employee until he subsequently ceases to be an Employee and meets the requirements of this
section.

If an Inactive Participant does not receive an earlier distribution, upon his Retirement Date or death, his
Vested Account shall be distributed according to the provisions of the RETIREMENT BENEFITS SECTION or the
DEATH BENEFITS SECTION of Article V.

The Nonvested Account of an Inactive Participant who has ceased to be an Employee shall remain a part
of his Account until it becomes a Forfeiture. However, if he again becomes an Employee so that his Vesting
Percentage can increase, the Nonvested Account may become a part of his Vested Account.

SECTION 5.04--WHEN BENEFITS START.

     (a) Unless otherwise elected, benefits shall begin before the 60th day following the close of the Plan
         Year in which the latest date below occurs:

         (1) The date the Participant attains age 65 (or Normal Retirement Age, if earlier).

         (2) The 10th anniversary of the Participant's Entry Date.

         (3) The date the Participant ceases to be an Employee.

         Notwithstanding the foregoing, the failure of a Participant to consent to a distribution while a benefit
         is immediately distributable, within the meaning of the ELECTION PROCEDURES SECTION of
         Article VI, shall be deemed to be an election to defer the start of benefits sufficient to satisfy this
         section.

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         The Participant may elect to have his benefits begin after the latest date for beginning benefits
         described above, subject to the following provisions of this section. The Participant shall make the
         election in writing. Such election must be made before his Normal Retirement Date or the date he
         ceases to be an Employee, if later. The election must describe the form of distribution and the
         date benefits will begin. The Participant shall not elect a date for beginning benefits or a form of
         distribution that would result in a benefit payable when he dies which would be more than
         incidental within the meaning of governmental regulations.

         Benefits shall begin on an earlier date if otherwise provided in the Plan. For example, the
         Participant's Retirement Date or Required Beginning Date, as defined in the DEFINITIONS
         SECTION of Article VII.

     (b) The Participant's Vested Account which results from Elective Deferral Contributions and Qualified
         Nonelective Contributions may not be distributed to a Participant or to his Beneficiary (or
         Beneficiaries) in accordance with the Participant's or Beneficiary's (or Beneficiaries') election,
         earlier than separation from service, death, or disability. Such amount may also be distributed
         upon:

         (1) Termination of the Plan, as permitted in Article VIII.

         (2) The disposition by the Employer, if the Employer is a corporation, to an unrelated
             corporation of substantially all of the assets, within the meaning of Code Section 409(d)(2),
             used in a trade or business of the Employer if the Employer continues to maintain the Plan
             after the disposition, but only with respect to Employees who continue employment with
             the corporation acquiring such assets.

         (3) The disposition by the Employer, if the Employer is a corporation, to an unrelated entity of
             the Employer's interest in a subsidiary, within the meaning of Code Section 409(d)(3), if the
             Employer continues to maintain the Plan, but only with respect to Employees who continue
             employment with such subsidiary.

         (4) The attainment of age 59 1/2 as permitted in the WITHDRAWAL BENEFITS SECTION of
             this article.

         (5) The hardship of the Participant as permitted in the WITHDRAWAL BENEFITS SECTION of
             this article.

         All distributions that may be made pursuant to one or more of the foregoing distributable events will
         be a retirement benefit and shall be distributed to the Participant according to the distribution of
         benefit provisions of Article VI. In addition, distributions that are triggered by (1), (2) and (3) above
         must be made in a lump sum. A lump sum shall include a distribution of an annuity contract.

SECTION 5.05--WITHDRAWAL BENEFITS.

At any time after a Participant shall have attained age sixty-five (65), if the
Participant remains employed by the Employer, the Participant may elect to
receive a distribution of all or part of the value of his vested interest in his
Matching Contributions and ESOP Contributions. Provided, however, that any
portion of the Participant’s vested Account attributable to a Merged Plan may
not be withdrawn if subject to any additional distribution restrictions (such as
transfers from a merged money purchase pension plan). A Participant who makes
such a withdrawal shall continue to be eligible to participate in the Plan on
the same basis as any other Employee. The Plan Administrator may, in a uniform
and nondiscriminatory manner, limit the number of withdrawals that may be made
by a Participant during a Plan Year.

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A Participant shall be permitted to make in-service withdrawals of (i) all or
part of his Rollover Account or (ii) the portion of his accounts attributable to
after-tax contributions, (and investment earnings thereon) transferred from a
Merged Plan. The Plan Administrator may, in a uniform and nondiscriminatory
manner, limit the number of such withdrawals that a Participant may make during
a Plan Year.

A Participant who has attained age 59 1/2 may withdraw any part of his Vested
Account which results from Elective Deferral Contributions.

A Participant may make such a withdrawal at any time.

A Participant may withdraw any part of his Vested Account which results from
Elective Deferral Contributions in the event of hardship due to an immediate and
heavy financial need. Withdrawals from the Participant’s Account resulting from
Elective Deferral Contributions shall be limited to the amount of the
Participant’s Elective Deferral Contributions plus income allocable thereto
credited to his Account as of December 31, 1988. Immediate and heavy financial
need shall be limited to: (i) expenses incurred or necessary for medical care,
described in Code Section 213(d), of the Participant, the Participant’s spouse,
or any dependents of the Participant (as defined in Code Section 152); (ii)
purchase (excluding mortgage payments) of a principal residence for the
Participant; (iii) payment of tuition, related educational fees, and room and
board expenses, for the next 12 months of post-secondary education for the
Participant, his spouse, children, or dependents; (iv) the need to prevent the
eviction of the Participant from his principal residence or foreclosure on the
mortgage of the Participant’s principal residence; or (v) any other distribution
which is deemed by the Commissioner of Internal Revenue to be made on account of
immediate and heavy financial need as provided in Treasury regulations.

No withdrawal shall be allowed which is not necessary to satisfy such immediate
and heavy financial need. Such withdrawal shall be deemed necessary only if all
of the following requirements are met: (i) the distribution is not in excess of
the amount of the immediate and heavy financial need (including amounts
necessary to pay any Federal, state, or local income taxes or penalties
reasonably anticipated to result from the distribution); (ii) the Participant
has obtained all distributions, other than hardship distributions, and all
nontaxable loans and dividend distributions currently available under all plans
maintained by the Employer; (iii) the Plan, and all other plans maintained by
the Employer, provide that the Participant’s elective contributions and
participant contributions will be suspended for at least 6 months after receipt
of the hardship distribution; and (iv) the Plan, and all other plans maintained
by the Employer, provide that the Participant may not make elective
contributions for the Participant’s taxable year immediately following the
taxable year of the hardship distribution in excess of the applicable limit
under Code Section 402(g) for such next taxable year less the amount of such
Participant’s elective contributions for the taxable year of the hardship
distribution. The Plan will suspend elective contributions and participant
contributions for 6 months and limit elective deferrals as provided in the
preceding sentence. A Participant shall not cease to be an Eligible Participant,
as defined in the EXCESS AMOUNTS SECTION of Article III, merely because his
elective contributions or participant contributions are suspended.

A request for withdrawal shall be made in such manner and in accordance with
such rules as the Employer will prescribe for this purpose (including by means
of voice response or other electronic means under circumstances the Employer
permits). Withdrawals shall be a retirement benefit and shall be distributed to
the Participant according to the distribution of benefits provisions of Article
VI. A forfeiture shall not occur solely as a result of a withdrawal.

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SECTION 5.06--DISTRIBUTIONS UNDER QUALIFIED DOMESTIC RELATIONS ORDERS.

The Plan specifically permits distributions to an Alternate Payee under a
qualified domestic relations order as defined in Code Section 414(p), at any
time, irrespective of whether the Participant has attained his earliest
retirement age, as defined in Code Section 414(p), under the Plan. A
distribution to an Alternate Payee before the Participant has attained his
earliest retirement age is available only if:

     (a) the order specifies that distribution shall be made prior to the earliest retirement age or allows the
         Alternate Payee to elect a distribution prior to the earliest retirement age and

     (b) if the present value of the Alternate Payee's benefits under the Plan exceeds $5,000, and the order
         requires, the Alternate Payee consents to any distribution occurring before the Participant's
         attainment of earliest retirement age, as defined in code Section 414(p).

Nothing in this section shall permit a Participant to receive a distribution at
a time otherwise not permitted under the Plan nor shall it permit the Alternate
Payee to receive a form of payment not permitted under the Plan.

The benefit payable to an Alternate Payee shall be subject to the provisions of
the SMALL AMOUNTS SECTION of Article X if the value of the benefit does not
exceed $5,000 ($3,500 for Plan Years beginning before August 6, 1997).

The Plan Administrator shall establish reasonable procedures to determine the
qualified status of a domestic relations order. Upon receiving a domestic
relations order, the Plan Administrator shall promptly notify the Participant
and the Alternate Payee named in the order, in writing, of the receipt of the
order and the Plan’s procedures for determining the qualified status of the
order. Within a reasonable period of time after receiving the domestic relations
order, the Plan Administrator shall determine the qualified status of the order
and shall notify the Participant and each Alternate Payee, in writing, of its
determination. The Plan Administrator shall provide notice under this paragraph
by mailing to the individual’s address specified in the domestic relations
order, or in a manner consistent with Department of Labor regulations. The Plan
Administrator may treat as qualified any domestic relations order entered into
before January 1, 1985, irrespective of whether it satisfies all the
requirements described in Code Section 414(p).

If any portion of the Participant’s Vested Account is payable during the period
the Plan Administrator is making its determination of the qualified status of
the domestic relations order, a separate accounting shall be made of the amount
payable. If the Plan Administrator determines the order is a qualified domestic
relations order within 18 months of the date amounts are first payable following
receipt of the order, the payable amounts shall be distributed in accordance
with the order. If the Plan Administrator does not make its determination of the
qualified status of the order within the 18-month determination period, the
payable amounts shall be distributed in the manner the Plan would distribute if
the order did not exist and the order shall apply prospectively if the Plan
Administrator later determines the order is a qualified domestic relations
order.

If a domestic relations order divides an Account that is invested in the
Employer Stock Fund, and a cash dividend on Employer Stock becomes payable
during the period the Plan Administrator is making its determination of the
qualified status of the domestic relations order then the following will apply:

     (a) If the division date specified in the order is prior to the ex-date of such dividend, then so much of
         the dividend that is attributable to the Alternate Payee's share of the investment in the Employer
         Stock Fund shall be deemed to be earnings on the Alternate Payee share. If the Participant has
         elected to receive the dividend in cash, the Alternate Payee's portion of the dividend shall be
         drawn from the remaining portion of the Account after payment of the dividend to the Participant.

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     (b) If the division date specified in the order is on or after the ex-date of such dividend, then no portion
         of the dividend shall be attributed to the Alternate Payee.

The Plan shall make payments or distributions required under this section by separate benefit checks or
other separate distribution to the Alternate Payee(s).

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                                               ARTICLE VI

                                          DISTRIBUTION OF BENEFITS

SECTION 6.01--FORM OF DISTRIBUTION.

     (a) In general. The normal form of payment shall be a single lump sum. In lieu of this normal form of
         payment, a Participant may elect to have his benefit paid in one or more of the optional forms of
         payment described below.

         (1) Paid in a single sum; or

         (2) Paid in installments as nearly equal as practicable for a period not to exceed the
             Participant's life expectancy or the life expectancy of the Participant and his Beneficiary.
             The retired Participant or, if the retired Participant is deceased, the Beneficiary may
             nevertheless, as of any subsequent date, elect to have the balance then remaining paid in
             a single sum.

     (b) Annuity Benefit Payment Provisions. Any annuity contract purchased for a Participant pursuant to
         the requirement of Code section 401(a)(11)(B)(iii) that the Plan purchase an annuity contract
         because of a transfer from an Annuity Transfer Plan with respect to the Participant, shall be in the
         form of a Qualified Joint and Survivor Annuity to the Participant and his spouse, or if the Participant
         does not have a spouse, in the form of an annuity for the life of the Participant. However, payment
         may be made in an alternate form or to an alternate joint annuitant, if a qualified election to waive
         payment in the form and manner described below is made.

         In no event shall any Participant who was a participant of an Annuity Transfer Plan be precluded
         from electing an optional form of payment or feature that is a protected benefit pursuant to Code
         section 411(d)(6), the regulations thereunder or any related Internal Revenue Service
         pronouncement or ruling that was offered under the applicable Annuity Transfer Plan for the
         payment of the Participant's vested Account balance under the Plan. Unless otherwise provided in
         Article 13, this Section 6.01 shall apply to a Merged Plan only to the extent that such Merged Plan
         is, or provides benefits attributable to, an Annuity Transfer Plan.

         (1) Qualified Election. An election shall be a qualified election, effective to waive payment in
             the Qualified Joint and Survivor Annuity form or the straight life annuity form, if applicable,
             only if:

             (i) the Participant's spouse consents in writing to the election;

            (ii) the election designates a specific Beneficiary, including any class of Beneficiaries
                 or any contingent Beneficiaries, which may not be changed without spousal
                 consent (or the spouse expressly permits designations by the Participant without
                 any further spousal consent);

           (iii) the election designates a form of benefit payment which may not be changed
                 without spousal consent (or the Spouse expressly permits designations by the
                 Participant without any further spousal consent);

            (iv) the spouse's consent acknowledges the effect of the election; and

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             (v) the spouse's consent is witnessed by the Plan Administrator, its representative, or
                 by a notary public.

             If it is established to the satisfaction of the Plan Administrator, or its representative that
             there is no spouse or that the spouse cannot be located, a waiver will be deemed a
             qualified election. Any consent by a spouse obtained under this provision (or establishment
             that the consent of a spouse may not be obtained) shall be effective only with respect to
             such spouse. A consent that permits designations by the Participant without any
             requirement of further consent by such spouse must acknowledge that the spouse has the
             right to limit consent to a specific joint annuitant, and a specific form of benefit where
             applicable, and that the spouse voluntarily elects to relinquish either or both of such rights.
             A revocation of a prior waiver may be made by a Participant without the consent of the
             Spouse at any time before the Annuity Starting Date. The number of revocations shall not
             be limited. No consent obtained under this provision shall be valid unless the Participant
             has received notice as provided in paragraph (2) below.

             Notwithstanding the above, if the Participant has not been credited with at least one (1)
             Hour of Service on or after August 23, 1984, then any waiver by the Participant will be
             deemed to be a qualified election, and consent by the Participant's spouse is not required.

         (2) Notice of Qualified Joint and Survivor Annuity. The Plan Administrator shall furnish to the
             Participant a written explanation of the following: the terms and conditions of the Qualified
             Joint and Survivor Annuity; the Participant's right to make, and the effect of, an election to
             waive the Qualified Joint and Survivor Annuity; the rights of the Participant's spouse; and
             the right to revoke an election and the effect of such a revocation.

             The Plan Administrator shall furnish the written explanation by a method reasonably
             calculated to reach the attention of the Participant no less than 30 days, and no more than
             90 days, before the Annuity Starting Date.

             After the written explanation is given, a Participant or spouse may make a written request
             for additional information. The written explanation must be personally delivered or mailed
             (first class mail, postage prepaid) to the Participant or spouse within 30 days from the date
             of the written request. The Plan Administrator does not need to comply with more than
             one such request by a Participant or spouse.

SECTION 6.02--ELECTION PROCEDURES.

If a distribution is one to which Code sections 401(a)(11) and 417 do not apply, the Participant shall make any
election under this section in writing. The Plan Administrator may require such individual to complete and sign any
necessary documents as to the provisions to be made. Any election permitted under (a) below shall be subject to the
qualified election provisions of (b) below.

     (a) Death Benefits. A Participant may elect his Beneficiary.

     (b) Qualified Election. The Participant may make an election at any time during the election period. The
         Participant may revoke the election made (or make a new election) at any time and any number of times
         during the election period. An election is effective only if it meets the consent requirements below.

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         (1) Election Period for Death Benefits. A Participant may make an election as to death benefits at
             any time before he dies.

         (2) Consent to Election. If the Participant's Vested Account exceeds $5,000, any benefit which is
             immediately distributable requires the consent of the Participant. Such consent shall also be
             required if the Participant's Vested Account at the time of any prior distribution exceeded $5,000.

             The consent of the Participant to a benefit which is immediately distributable must not be made
             before the date the Participant is provided with the notice of the ability to defer the distribution.
             Such consent shall be made in writing.

             The consent shall not be made more than 90 days before the Annuity Starting Date. The
             consent of the Participant shall not be required to the extent that a distribution is required to
             satisfy Code Section 401(a)(9) or Code Section 415.

             In addition, upon termination of this Plan, if the Plan does not offer an annuity option (purchased
             from a commercial provider), and if the Employer (or any entity within the same Controlled
             Group) does not maintain another defined contribution plan (other than an employee stock
             ownership plan as defined in Code Section 4975(e)(7)), the Participant's Account balance will,
             without the Participant's consent, be distributed to the Participant. However, if any entity within
             the same Controlled Group maintains another defined contribution plan (other than an employee
             stock ownership plan as defined in Code Section 4975(e)(7)) then the Participant's Account will
             be transferred, without the Participant's consent, to the other plan if the Participant does not
             consent to an immediate distribution.

             A benefit is immediately distributable if any part of the benefit could be distributed to the
             Participant before the Participant attains the older of Normal Retirement Age or age 62.

             Spousal consent is needed to name a Beneficiary other than the Participant's spouse. If a
             Participant names a Beneficiary other than his spouse, the spouse has the right to limit consent
             only to a specific Beneficiary. The spouse can relinquish such right. Such consent shall be in
             writing. The spouse's consent shall be witnessed by a plan representative or notary public. The
             spouse's consent must acknowledge the effect of the election, including that the spouse had the
             right to limit consent only to a specific Beneficiary and that the relinquishment of such right was
             voluntary. Unless the consent of the spouse expressly permits designations by the Participant
             without a requirement of further consent by the spouse, the spouse's consent must be limited to
             the Beneficiary, class of Beneficiaries, or contingent Beneficiary named in the election.

             Spousal consent is not required, however, if the Participant establishes to the satisfaction of the
             plan representative that the consent of the spouse cannot be obtained because there is no
             spouse or the spouse cannot be located. A spouse's consent under this paragraph shall not be
             valid with respect to any other spouse. A Participant may revoke a prior election without the
             consent of the spouse. Any new election will require a new spousal consent, unless the consent
             of the spouse expressly permits such election by the Participant without further consent by the
             spouse. A spouse's consent may be revoked at any time within the Participant's election period.

         (c) Dividend Distributions. Cash dividends that are available to a Participant, Beneficiary or Alternate
             Payee shall not be subject to the distribution form and notice requirements of this Article. If a
             Participant, Beneficiary or Alternate Payee elects to receive such dividends, such dividends shall be
             payable in a lump-sum (and only a lump-sum) in cash, and are payable without regard to any notice and
             consent otherwise required under the Plan.

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SECTION 6.03--NOTICE REQUIREMENTS.

Right to Defer. The Plan Administrator shall furnish to the Participant a
written explanation of the right of the Participant to defer distribution until
the benefit is no longer immediately distributable.

The Plan Administrator shall furnish the written explanation by a method
reasonably calculated to reach the attention of the Participant no less than 30
days, and no more than 90 days, before the Annuity Starting Date.

However, if a distribution is one to which sections 401(a)(11) and 417 of the
Code do not apply, such distribution may begin less than 30 days after the
notice described in this subparagraph is given, provided the Plan Administrator
clearly informs the Participant that he has a right to a period of at least 30
days after receiving the notice to consider the decision of whether or not to
elect a distribution, and the Participant, after receiving the notice,
affirmatively elects a distribution.

SECTION 6.04--FORM OF DISTRIBUTION FROM EMPLOYER STOCK FUND.

Notwithstanding any provision of this Article VI to the contrary, distributions
from a Participant’s Vested Account that is then invested in the Employer Stock
Fund shall be governed by this Section 6.04 and Section 6.05.

     (a) Distribution in Cash. The part of a Member's Vested Account invested in the Employer Stock Fund
         will be distributed in cash unless the Participant affirmatively elects under paragraph (b) below to
         receive the distribution in the form of Employer Stock with cash in lieu of fractional shares. The
         cash value of Employer Stock shall be equal to the fair market value of such stock determined as
         of the last Valuation Date prior to the date of distribution.

     (b) Distribution in Employer Stock. Unless subsection (c) applies, a Participant may elect to have the
         part of the Participant's Vested Account that is invested in the Employer Stock Fund distributed in
         the form of Employer Stock with cash in lieu of fractional shares. A Participant, Beneficiary or
         Alternate Payee can elect to receive all of his/her Vested Account in the form of Employer Stock by
         electing to transfer amounts to the Employer Stock Fund prior to distribution from the Plan.

     (c) Distribution in Employer Stock Prohibited. If the Employer's corporate charter or by-law provisions
         restrict ownership of substantially all outstanding Employer Stock to Employees or to a plan or trust
         described in Code Section 401(a), then any distribution of a Participant's Vested Account shall only
         be in cash.

     (d) Distributions from a Participant's Vested Account that is then invested in the source account
         reflecting ESOP Contributions shall commence, unless the Participant elects a later date, not later
         than one year after the close of the Plan Year:

         (1) in which the Participant's Service terminates due to his retirement or his death, or

         (2) which is the fifth (5th) Plan Year following the Plan Year in which the Participant's Service
             terminates for any other reason, provided that the Participant is not reemployed by the
             Employer during such five (5) year period.

         Notwithstanding the foregoing, this section 6.04(d) shall not apply to Employer Stock held in a
         Participant's Account until the close of the Plan Year in which any financing transaction used to
         acquire such Employer Stock is repaid in full.

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SECTION 6.05--PUT OPTION.

If shares of Employer Stock are either not readily tradable on an established
securities market or are subject to a trading limitation when such shares are
distributed, such shares will be subject to a “put option” as follows:

     (a) The put option will be to the Primary Employer. However, the Trustee may at its discretion cause
         the Plan to voluntarily assume the rights and obligations of the Primary Employer with respect to
         the put option.

     (b) The put option may be exercised only by the distributee (whether the Participant, Beneficiary or
         Alternate Payee), any person to whom the shares have passed by gift from the distributee or any
         person (including an estate or distributee of an estate) to whom the shares have passed on the
         death of the distributee.

     (c) The put option may be exercised only during the fifteen (15) month period beginning on the date
         the shares are distributed from the Plan. However, the exercise period will be extended by the
         number of days during such period that the holder is unable to exercise the put option because the
         Employer is prohibited from honoring the put option by federal or state law.

     (d) The put option may be exercised by written notice of exercise to the Primary Employer or its
         designee made on such form and in accordance with such rules as may be prescribed for this
         purpose by the Plan Administrator.

     (e) The Primary Employer shall honor a put option by paying to the holder the fair market value either
         in a single lump sum or substantially equal installments (bearing a reasonable rate of interest and
         providing adequate security to the holder) over a period beginning within thirty (30) days following
         the date the put option is exercised and ending not more than five (5) years after the date the put
         option is exercised.

A “trading limitation” for this purpose means a restriction under any federal or
state securities law or under any agreement affecting the shares that would make
the shares not as freely tradable as shares not subject to such restriction.

No other options, buy-sell arrangements, puts, call, rights of first refusal or
other restrictions on alienability will attach to any shares of Employer Stock
acquired with the proceeds of an Exempt Loan and held in the Trust Fund or
distributed from the Plan, whether or not this Plan continues to be an employee
stock ownership plan within the meaning of Code Section 4975(e)(7).

JANUARY 1, 2005                                         53                          ARTICLE VI (4-51391)-1

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ARTICLE VII
DISTRIBUTION REQUIREMENTS
SECTION 7.01--APPLICATION.

The timing of any distribution must meet the requirements of this article.

SECTION 7.02--DEFINITIONS.

For purposes of this article, the following terms are defined:

5-percent Owner means a 5-percent owner as defined in Code Section 416. A
Participant is treated as a 5-percent Owner for purposes of this article if such
Participant is a 5-percent Owner at any time during the Plan Year ending with or
within the calendar year in which such owner attains age 70 1/2.

In addition, a Participant is treated as a 5-percent Owner for purposes of this
article if such Participant becomes a 5-percent Owner in a later Plan Year. Such
Participant’s Required Beginning Date shall not be later than the April 1 of the
calendar year following the calendar year in which such later Plan Year ends.

Once distributions have begun to a 5-percent Owner under this article, they must
continue to be distributed, even if the Participant ceases to be a 5-percent
Owner in a subsequent year.

Required Beginning Date means, for a Participant who is a 5-percent Owner, the
April 1 of the calendar year following the calendar year in which he attains age
70 1/2.

Required Beginning Date means, for any Participant who is not a 5-percent Owner,
the April 1 of the calendar year following the later of the calendar year in
which he attains age 70 1/2 or the calendar year in which he retires.

The preretirement age 70 1/2 distribution option is only eliminated with respect
to Participants who reach age 70 1/2 in or after a calendar year that begins
after the later of December 31, 1998, or the adoption date of the amendment
which eliminated such option. The preretirement age 70 1/2 distribution is an
optional form of benefit under which benefits payable in a particular
distribution form (including any modifications that may be elected after
benefits begin) begin at a time during the period that begins on or after
January 1 of the calendar year in which the Participant attains age 70 1/2 and
ends April 1 of the immediately following calendar year.

The options available for Participants who are not 5-percent Owners and attained
age 70 1/2 in calendar years before the calendar year that begins after the
later of December 31, 1998, or the adoption date of the amendment which
eliminated the preretirement age 70 1/2 distribution shall be the following. Any
such Participant attaining age 70 1/2 in years after 1995 may elect by April 1
of the calendar year following the calendar year in which he attained age 70 1/2
(or by December 31, 1997 in the case of a Participant attaining age 70 1/2 in
1996) to defer distributions until the calendar year following the calendar year
in which he retires.

SECTION 7.03--DISTRIBUTION REQUIREMENTS.

     (a) General Rules.

         (1) The requirements of this article shall apply to any distribution of a Participant's interest
             and shall take precedence over any inconsistent provisions of this Plan. Unless
             otherwise specified, the provisions of this article apply to calendar years beginning
             after December 31, 1984.

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         (2) All distributions required under this article shall be determined and made in
             accordance with the proposed regulations under Code Section 401(a)(9).

         (3) With respect to distributions under the Plan made on or after June 14, 2001, for
             calendar years beginning on or after January 1, 2001, the Plan will apply the minimum
             distribution requirements of Code Section 401(a)(9) in accordance with the regulations
             under Code Section 401(a)(9) that were proposed on January 17, 2001 (the 2001
             Proposed Regulations), notwithstanding any provision of the Plan to the contrary. If
             the total amount of required minimum distributions made to a Participant for 2001 prior
             to June 14, 2001, are equal to or greater than the amount of required minimum
             distributions determined under the 2001 Proposed Regulations, then no additional
             distributions are required for such Participant for 2001 on or after such date. If the
             total amount of required minimum distributions made to a Participant for 2001 prior to
             June 14, 2001, are less than the amount determined under the 2001 Proposed
             Regulations, then the amount of required minimum distributions for 2001 on or after
             such date will be determined so that the total amount of required minimum
             distributions for 2001 is the amount determined under the 2001 Proposed Regulations.
             These provisions shall continue in effect until the last calendar year beginning before
             the effective date of final regulations under Code Section 401(a)(9) or such other date
             as may be published by the Internal Revenue Service.

     (b) Required Beginning Date. The entire interest of a Participant must be distributed or begin to
         be distributed no later than the Participant's Required Beginning Date.

     (c) Death Distribution Provisions. If the Participant dies before distribution of his interest begins,
         distribution of the Participant's entire interest shall be completed by December 31 of the
         calendar year containing the fifth anniversary of the Participant's death.

SECTION 7.04--TRANSITIONAL RULE.

     (a) Notwithstanding the other requirements of this article, distribution on behalf of any Participant,
         including a 5-percent Owner, may be made in accordance with all of the following requirements
         (regardless of when such distribution begins):

         (1) The distribution by the Plan is one which would not have disqualified such Plan under
             Code Section 401(a)(9) as in effect prior to amendment by the Deficit Reduction Act of
             1984.

         (2) The distribution is in accordance with a method of distribution designated by the
             Participant whose interest in the Plan is being distributed or, if the Participant is deceased,
             by a Beneficiary of such Participant.

         (3) Such designation was in writing, was signed by the Participant or the Beneficiary, and was
             made before January 1,1984.

         (4) The Participant had an accrued benefit under the Plan as of December 31, 1983.

         (5) The method of distribution designated by the Participant or Beneficiary specifies the time
             at which distribution will begin, the period over which distributions will be made, and in the
             case of any distribution upon the Participant's death, the Beneficiaries of the Participant
             listed in order of priority.

     (b) A distribution upon death will not be covered by this transitional rule unless the information in the
         designation contains the required information described above with respect to the distributions to
         be made upon the death of the Participant.

     (c) For any distribution which begins before January 1, 1984, but continues after December 31,
         1983, the Participant, or Beneficiary, to whom such distribution is being made, will be presumed
         to have designated the method of distribution under which the distribution is being made if the
         method of distribution was specified in writing and the distribution satisfies the requirements in
         (a)(1) and (5) above.

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     (d) If a designation is revoked, any subsequent distribution must satisfy the requirements of Code
         Section 401(a)(9) and the proposed regulations thereunder. If a designation is revoked
         subsequent to the date distributions are required to begin, the Plan must distribute by the end of
         the calendar year following the calendar year in which the revocation occurs, the total amount not
         yet distributed which would have been required to have been distributed to satisfy Code Section
         401(a)(9) and the proposed regulations thereunder, but for the section 242(b)(2) election. For
         calendar years beginning after December 31, 1988, such distributions must meet the minimum
         distribution incidental benefit requirements in section 1.401(a)(9)-2 of the proposed regulations.
         Any changes in the designation will be considered to be a revocation of the designation.
         However, the mere substitution or addition of another Beneficiary (one not named in the
         designation) under the designation will not be considered a revocation of the designation, so long
         as such substitution or addition does not alter the period over which distributions are to be made
         under the designation, directly or indirectly (for example, by altering the relevant measuring life).
         In the case in which an amount is transferred or rolled over from one plan to another plan, the
         rules in Q&A J-2 and J-3 in section 1.401(a)(9)-2 of the proposed regulations shall apply.

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ARTICLE VIII
TERMINATION OF THE PLAN

The Employer expects to continue the Plan indefinitely but reserves the right to
terminate the Plan in whole or in part at any time upon giving written notice to
all parties concerned. Complete discontinuance of Contributions constitutes
complete termination of the Plan.

The Account of each Participant shall be fully (100%) vested and nonforfeitable
as of the effective date of complete termination of the Plan. The Account of
each Participant who is included in the group of Participants deemed to be
affected by the partial termination of the Plan shall be fully (100%) vested and
nonforfeitable as of the effective date of the partial termination of the Plan.
The Participant’s Account shall continue to participate in the earnings
credited, expenses charged, and any appreciation or depreciation of the
Investment Fund until his Vested Account is distributed.

A Participant’s Account which does not result from the Contributions listed
below may be distributed to the Participant after the effective date of the
complete termination of the Plan:

          Elective Deferral Contributions
          Qualified Nonelective Contributions
          Qualified Matching Contributions

A Participant’s Account resulting from such Contributions may be distributed
upon complete termination of the Plan, but only if neither the Employer nor any
Controlled Group member maintain or establish a successor defined contribution
plan (other than an employer stock ownership plan as defined in Code Section
4975(e)(7), a simplified employee pension plan as defined in Code Section 408(k)
or a SIMPLE IRA plan as defined in Code Section 408(p)) and such distribution is
made in a lump sum. A distribution under this article shall be a retirement
benefit and shall be distributed to the Participant according to the provisions
of Article VI.

The Participant’s entire Vested Account shall be paid in a single sum to the
Participant as of the effective date of complete termination of the Plan if (i)
the requirements for distribution of Elective Deferral Contributions in the
above paragraph are met and (ii) consent of the Participant is not required in
the ELECTION PROCEDURES SECTION of Article VI to distribute a benefit which is
immediately distributable. This is a small amounts payment. The small amounts
payment is in full settlement of all benefits otherwise payable.

Upon complete termination of the Plan, no more Employees shall become
Participants and no more Contributions shall be made.

The assets of this Plan shall not be paid to the Employer at any time, except
that, after the satisfaction of all liabilities under the Plan, any assets
remaining may be paid to the Employer. The payment may not be made if it would
contravene any provision of law.

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ARTICLE IX
ADMINISTRATION OF THE PLAN
SECTION 9.01--ADMINISTRATION.

Subject to the provisions of this article, the Plan Administrator has complete
control of the administration of the Plan. The Plan Administrator has all the
powers necessary for it to properly carry out its administrative duties. Not in
limitation, but in amplification of the foregoing, the Plan Administrator has
complete discretion to construe or interpret the provisions of the Plan,
including ambiguous provisions, if any, and to determine all questions that may
arise under the Plan, including all questions relating to the eligibility of
Employees to participate in the Plan and the amount of benefit to which any
Participant or Beneficiary may become entitled. The Plan Administrator’s
decisions upon all matters within the scope of its authority shall be final.

Unless otherwise set out in the Plan or Annuity Contract, the Plan Administrator
may delegate recordkeeping and other duties which are necessary for the
administration of the Plan to any person or firm which agrees to accept such
duties. The Plan Administrator shall be entitled to rely upon all tables,
valuations, certificates and reports furnished by the consultant or actuary
appointed by the Plan Administrator and upon all opinions given by any counsel
selected or approved by the Plan Administrator.

The Plan Administrator shall receive all claims for benefits by Participants,
former Participants and Beneficiaries. The Plan Administrator shall determine
all facts necessary to establish the right of any Claimant to benefits and the
amount of those benefits under the provisions of the Plan. The Plan
Administrator may establish rules and procedures to be followed by Claimants in
filing claims for benefits, in furnishing and verifying proofs necessary to
determine age, and in any other matters required to administer the Plan.

SECTION 9.02--EXPENSES.

Expenses of the Plan, to the extent that the Employer does not pay such
expenses, may be paid out of the assets of the Plan provided that such payment
is consistent with ERISA. Such expenses include, but are not limited to,
expenses for bonding required by ERISA; expenses for recordkeeping and other
administrative services; fees and expenses of the Trustee or Annuity Contract;
expenses for investment education service; and direct costs that the Employer
incurs with respect to the Plan.

SECTION 9.03--RECORDS.

All acts and determinations of the Plan Administrator shall be duly recorded.
All these records, together with other documents necessary for the
administration of the Plan, shall be preserved in the Plan Administrator’s
custody.

Writing (handwriting, typing, printing), photostating, photographing,
microfilming, magnetic impulse, mechanical or electrical recording, or other
forms of data compilation shall be acceptable means of keeping records.

SECTION 9.04--INFORMATION AVAILABLE.

Any Participant in the Plan or any Beneficiary may examine copies of the Plan
description, latest annual report, any bargaining agreement, this Plan, the
Annuity Contract or any other instrument under which the Plan was established or
is operated. The Plan Administrator shall maintain all of the items listed in
this section in its office, or in such other place or places as it may designate
in order to comply with governmental regulations. These items may be examined
during reasonable business hours. Upon the written request of a Participant or
Beneficiary receiving benefits under the Plan, the Plan Administrator shall
furnish him with a copy of any of these items. The Plan Administrator may make a
reasonable charge to the requesting person for the copy.

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SECTION 9.05--CLAIM AND APPEAL PROCEDURES.

A Claimant must submit any required forms and pertinent information when making
a claim for benefits under the Plan.

If a claim for benefits under the Plan is denied, the Plan Administrator shall
provide adequate written notice to the Claimant whose claim for benefits under
the Plan has been denied. The notice must be furnished within 90 days of the
date that the claim is received by the Plan Administrator. The Claimant shall be
notified in writing within this initial 90-day period if special circumstances
require an extension of time needed to process the claim and the date by which
the Plan Administrator’s decision is expected to be rendered. The written notice
shall be furnished no later than 180 days after the date the claim was received
by the Plan Administrator.

The Plan Administrator’s notice to the Claimant shall specify the reason for the
denial; specify references to pertinent Plan provisions on which denial is
based; describe any additional material and information needed for the Claimant
to perfect his claim for benefits; explain why the material and information is
needed; inform the Claimant that any appeal he wishes to make must be in writing
to the Plan Administrator within 60 days after receipt of the Plan
Administrator’s notice of denial of benefits and that failure to make the
written appeal within such 60-day period renders the Plan Administrator’s
determination of such denial final, binding and conclusive.

If the Claimant appeals to the Plan Administrator, the Claimant (or his
authorized representative) may submit in writing whatever issues and comments
the Claimant (or his authorized representative) feels are pertinent. The
Claimant (or his authorized representative) may review pertinent Plan documents.
The Plan Administrator shall reexamine all facts related to the appeal and make
a final determination as to whether the denial of benefits is justified under
the circumstances. The Plan Administrator shall advise the Claimant of its
decision within 60 days of his written request for review, unless special
circumstances (such as a hearing) would make rendering a decision within the
60-day limit unfeasible. The Claimant must be notified within the 60-day limit
if an extension is necessary. The Plan Administrator shall render a decision on
a claim for benefits no later than 120 days after the request for review is
received.

SECTION 9.06--DELEGATION OF AUTHORITY.

All or any part of the administrative duties and responsibilities under this
article may be delegated by the Plan Administrator to a retirement committee.
The duties and responsibilities of the retirement committee shall be set out in
a separate written agreement.

SECTION 9.07--EXERCISE OF DISCRETIONARY AUTHORITY.

The Employer, Plan Administrator, and any other person or entity who has
authority with respect to the management, administration, or investment of the
Plan may exercise that authority in its/his full discretion, subject only to the
duties imposed under ERISA. This discretionary authority includes, but is not
limited to, the authority to make any and all factual determinations and
interpret all terms and provisions of the Plan documents relevant to the issue
under consideration. The exercise of authority will be binding upon all persons;
will be given deference in all courts of law; and will not be overturned or set
aside by any court of law unless found to be arbitrary and capricious or made in
bad faith.

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SECTION 9.08--TRANSACTION PROCESSING.

Transactions (including, but not limited to, investment directions, trades,
loans, and distributions) shall be processed as soon as administratively
practicable after proper directions are received from the Participant or such
other parties. No guarantee is made by the Plan, Plan Administrator, Trustee,
Insurer, or Employer that such transactions will be processed on a daily or
other basis, and no guarantee is made in any respect regarding the processing
time of such transactions.

Notwithstanding any other provision of the Plan, the Employer, the Plan
Administrator, or the Trustee reserves the right to not value an investment
option on any given Valuation Date for any reason deemed appropriate by the
Employer, the Plan Administrator, or the Trustee.

Administrative practicality will be determined by legitimate business factors
(including, but not limited to, failure of systems or computer programs, failure
of the means of the transmission of data, force majeure, the failure of a
service provider to timely receive values or prices, and correction for errors
or omissions or the errors or omissions of any service provider) and in no event
will be deemed to be less than 14 days. The processing date of a transaction
shall be binding for all purposes of the Plan and considered the applicable
Valuation Date for any transaction.

SECTION 9.09 -- EMPLOYER STOCK FUND - ADMINISTRATIVE MATTERS.

The Trustee shall have no discretion or authority to vote, tender or exchange
Employer Stock held in the Trust except as in accordance with timely directions
received by the Trustee from the Named Fiduciary who has the right to direct the
voting, tender or exchange of such Employer Stock pursuant to this Section 9.08.

     (a) Voting Employer Stock. A Participant may instruct the Trustee as to how to vote shares of
         Employer Stock credited to his Account on any matter submitted for a vote to shareholders. The
         number of shares with respect to which a Participant may provide voting instructions will equal the
         number of full and fractional shares credited to his Account as of the record date for determining
         the shareholders entitled to vote at the shareholders meeting. The Plan Administrator will use
         reasonable efforts to cause each Participant to be sent before each meeting of shareholders (i) any
         notice and other materials provided to shareholders for that meeting and (ii) forms by which the
         Participant may instruct the Trustee how to vote the shares credited to his Account. The Plan
         Administrator or Trustee will establish a deadline by which voting instructions must be received
         from Participants. The Trustee will tabulate the voting instructions received by that deadline, will
         determine the number of votes for and against each proposal, and will vote the shares in
         accordance with the instructions received.

         Any shares of Employer Stock credited to Accounts for which voting instructions from Participants
         have not been received by the established deadline, and any shares of Employer Stock not
         credited to Accounts (including shares held in the Unallocated Reserve and shares credited to a
         Forfeiture Account), will be voted as the Trustee is directed by the Plan Administrator or an
         independent fiduciary named by the Plan Administrator.

         A Participant will be a "Named Fiduciary" to the extent of the voting control granted under this
         section to the Participant, and the Plan Administrator or independent fiduciary named by the Plan
         Administrator will be the "Named Fiduciary" to the extent of the voting control granted under this
         section to the Plan Administrator or independent fiduciary designated by the Plan Administrator.

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     (b) Tender of Employer Stock. A Participant may instruct the Trustee as to whether to tender or
         exchange shares of Employer Stock credited to his Account in any tender or exchange offer for
         such shares. The number of shares with respect to which a Participant may provide instructions
         will equal the number of full and fractional shares credited to his Account as of a date established
         by the Plan Administrator or Trustee that precedes the date on which a response is required to the
         offer (with appropriate adjustments to reflect subsequent transactions with respect to the Account).
         As soon as practicable after the commencement of a tender or exchange offer for shares of
         Employer Stock, the Plan Administrator will use reasonable efforts to cause each Participant to be
         sent (i) a notice of the terms of such offer and (ii) forms by which the Participant may instruct the
         Trustee to tender or exchange, or retain, the shares credited to his Account, to the extent permitted
         under the terms of such offer. The Plan Administrator or Trustee will establish a deadline by which
         instructions must be received from Participants. The Trustee will tabulate the instructions received
         by that deadline, will determine the number of shares to tender or exchange, or retain, and will
         tender or exchange, or retain, the shares in accordance with the instructions received.

         A Participant may not instruct the Trustee to tender or exchange some but less than all the shares
         of Employer Stock credited to his Account, and an instruction to tender or exchange less than all
         such shares will be deemed to be an instruction not to tender or exchange any shares of Employer
         Stock credited to his Account. If the tender or exchange offer is limited so that all of the shares that
         Participants have been directed to be tendered or exchanged cannot be tendered or exchanged,
         the shares that each Participant has directed to be tendered or exchanged will be deemed to have
         been tendered or exchanged in the same ratio that the number of shares actually tendered or
         exchanged bears to the total number of shares that the Participants have directed to be tendered
         or exchanged.

         Any shares of Employer Stock credited to Accounts for which instructions from Participants have
         not been received by the established deadline shall be deemed to be a direction to retain those
         shares. Any shares of Employer Stock not credited to Accounts (including shares held in the
         Unallocated Reserve and shares credited to a Forfeiture Account), will be tendered or exchanged,
         or retained, as the Trustee is directed by the Plan Administrator or an independent fiduciary named
         by the Plan Administrator.

         A Participant will be a "Named Fiduciary" to the extent of the investment control granted under this
         section to the Participant, and the Plan Administrator or independent fiduciary named by the Plan
         Administrator will be the "Named Fiduciary" to the extent of the investment control granted under
         this section to the Plan Administrator or independent fiduciary designated by the Plan
         Administrator.

     (c) Confidentiality of Voting and Tender Decisions. Information relating to the purchase, holding, and
         sale of shares of Employer Stock, and the exercise of voting, tender, and similar rights with respect
         to such shares by Participants, will be maintained in accordance with procedures which are
         designed to safeguard the confidentiality of such information, except to the extent necessary to
         comply with federal laws or state laws not preempted by ERISA. The Plan Administrator may
         require verification of compliance by the Trustee with the instructions received from Participants by
         any independent auditor selected by the Plan Administrator, provided that such auditor agrees to
         maintain the confidentiality of such instructions.

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         The Plan Administrator shall designate a fiduciary who is responsible for ensuring that the
         procedures required under this section are sufficient to safeguard the confidentiality of the
         information described above, such procedures are being followed, and the independent fiduciary
         required below is appointed. The designated fiduciary (if not independent) shall appoint an
         independent fiduciary to carry out any activities relating to any situations which the designated
         fiduciary determines involve a potential for undue Employer influence upon Participants with regard
         to the direct or indirect exercise of shareholder rights. For purposes of this paragraph, a fiduciary is
         not independent if the fiduciary is affiliated with any Employer sponsoring the Plan.

     (d) Beneficiaries and Alternate Payees. For purposes of this section, references to a Participant
         include a Beneficiary of a deceased Participant and an Alternate Payee under a qualified domestic
         relations order.

JANUARY 1, 2005                                         62                        ARTICLE IX (4-51391)-1

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ARTICLE X
GENERAL PROVISIONS
SECTION 10.01--AMENDMENTS.

The Employer may amend this Plan at any time, including any remedial retroactive
changes (within the time specified by Internal Revenue Service regulations), to
comply with any law or regulation issued by any governmental agency to which the
Plan is subject.

An amendment may not diminish or adversely affect any accrued interest or
benefit of Participants or their Beneficiaries nor allow reversion or diversion
of Plan assets to the Employer at any time, except as may be required to comply
with any law or regulation issued by any governmental agency to which the Plan
is subject.

No amendment to this Plan shall be effective to the extent that it has the
effect of decreasing a Participant’s accrued benefit. However, a Participant’s
Account may be reduced to the extent permitted under Code Section 412(c)(8). For
purposes of this paragraph, a Plan amendment which has the effect of decreasing
a Participant’s Account with respect to benefits attributable to service before
the amendment shall be treated as reducing an accrued benefit. Furthermore, if
the vesting schedule of the Plan is amended, in the case of an Employee who is a
Participant as of the later of the date such amendment is adopted or the date it
becomes effective, the nonforfeitable percentage (determined as of such date) of
such Employee’s right to his employer-derived accrued benefit shall not be less
than his percentage computed under the Plan without regard to such amendment.

No amendment to the Plan shall be effective to eliminate or restrict an optional
form of benefit with respect to benefits attributable to service before the
amendment except as provided in the MERGERS AND DIRECT TRANSFERS SECTION of this
article and below:

     (a) The Plan is amended to eliminate or restrict the ability of a Participant to receive payment of his
         Account balance under a particular optional form of benefit and the amendment satisfies the
         conditions in (1) and (2) below:

         (1) The amendment provides a single sum distribution form that is otherwise identical to the
             optional form of benefit eliminated or restricted. For purposes of this condition (1), a single
             sum distribution form is otherwise identical only if it is identical in all respects to the
             eliminated or restricted optional form of benefit (or would be identical except that it
             provides greater rights to the Participant) except with respect to the timing of payments
             after commencement.

         (2) The amendment provides that the amendment shall not apply to any distribution with an
             Annuity Starting Date earlier than the earlier of:

             (i) the 90th day after the date the Participant receiving the distribution has been
                 furnished a summary that reflects the amendment and that satisfies the ERISA
                 requirements at 29 CFR 2520.104b-3 relating to a summary of material
                 modifications, or

            (ii) the first day of the second Plan Year following the Plan Year in which the
                 amendment is adopted.

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     (b) The Plan is amended to eliminate or restrict in-kind distributions and the conditions in Q&A
         2(b)(2)(iii) in section 1.411(d)-4 of the regulations are met.

If, as a result of an amendment, an Employer Contribution is removed that is not
100% immediately vested when made, the applicable vesting schedule shall remain
in effect after the date of such amendment. The Participant shall not become
immediately 100% vested in such Contributions as a result of the elimination of
such Contribution except as otherwise specifically provided in the Plan.

An amendment shall not decrease a Participant’s vested interest in the Plan. If
an amendment to the Plan, or a deemed amendment in the case of a change in
top-heavy status of the Plan as provided in the MODIFICATION OF VESTING
REQUIREMENTS SECTION of Article XI, changes the computation of the percentage
used to determine that portion of a Participant’s Account attributable to
Employer Contributions which is nonforfeitable (whether directly or indirectly),
each Participant or former Participant <PRE>

     (c) who has completed at least three Years of Service on the date the election period described below
         ends (five Years of Service if the Participant does not have at least one Hour-of-Service in a Plan
         Year beginning after December 31, 1988) and

     (d) whose nonforfeitable percentage will be determined on any date after the date of the change

may elect, during the election period, to have the nonforfeitable percentage of
his Account that results from Employer Contributions determined without regard
to the amendment. This election may not be revoked. If after the Plan is
changed, the Participant's nonforfeitable percentage will at all times be as
great as it would have been if the change had not been made, no election needs
to be provided. The election period shall begin no later than the date the Plan
amendment is adopted, or deemed adopted in the case of a change in the top-heavy
status of the Plan, and end no earlier than the 60th day after the latest of the
date the amendment is adopted (deemed adopted) or becomes effective, or the date
the Participant is issued written notice of the amendment (deemed amendment) by
the Employer or the Plan Administrator.

SECTION 10.02--DIRECT ROLLOVERS.

Notwithstanding any provision of the Plan to the contrary that would otherwise
limit a Distributee’s election under this section, a Distributee may elect, at
the time and in the manner prescribed by the Plan Administrator, to have any
portion of an Eligible Rollover Distribution paid directly to an Eligible
Retirement Plan specified by the Distributee in a Direct Rollover.

Any part of a distribution made under the SMALL AMOUNTS SECTION of this article
(or which is a small amounts payment made under Article VIII at complete
termination of the Plan) which is an Eligible Rollover Distribution, which is
equal to or more than $1,000, and for which the Distributee has not elected to
either have such distribution paid to him or to an Eligible Retirement Plan
shall be rolled over to an Individual Retirement Account (IRA) with an affiliate
of Principal Life Insurance Company. Such amounts shall be initially invested in
the Principal Investor Funds Money Market Fund. The Distributee shall have the
option to change the investment after the IRA has been established.

Any part of a distribution made under the SMALL AMOUNTS SECTION of this article
(or which is a small amounts payment made under Article VIII at complete
termination of the Plan) which is an Eligible Rollover Distribution and for
which the Distributee has not elected to either have such distribution paid to
him or to an Eligible Retirement Plan shall be paid to the Distributee.

JANUARY 1, 2005                                         64                        ARTICLE X (4-51391)-1

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SECTION 10.03--MERGERS AND DIRECT TRANSFERS.

The Plan may not be merged or consolidated with, nor have its assets or
liabilities transferred to, any other retirement plan, unless each Participant
in the plan would (if the plan then terminated) receive a benefit immediately
after the merger, consolidation, or transfer which is equal to or greater than
the benefit the Participant would have been entitled to receive immediately
before the merger, consolidation, or transfer (if this Plan had then
terminated). The Employer may enter into merger agreements or direct transfer of
assets agreements with the employers under other retirement plans which are
qualifiable under Code Section 401(a), including an elective transfer, and may
accept the direct transfer of plan assets, or may transfer plan assets, as a
party to any such agreement. The Employer shall not consent to, or be a party to
a merger, consolidation, or transfer of assets with a defined benefit plan if
such action would result in a defined benefit feature being maintained under
this Plan.

Notwithstanding any provision of the Plan to the contrary, to the extent any
optional form of benefit under the Plan permits a distribution prior to the
Employee’s retirement, death, disability, or severance from employment, and
prior to plan termination, the optional form of benefit is not available with
respect to benefits attributable to assets (including the post-transfer earnings
thereon) and liabilities that are transferred, within the meaning of Code
Section 414(l), to this Plan from a money purchase pension plan qualified under
Code Section 401(a) (other than any portion of those assets and liabilities
attributable to voluntary employee contributions).

The Plan may accept a direct transfer of plan assets on behalf of an Eligible
Employee. If the Eligible Employee is not an Active Participant when the
transfer is made, the Eligible Employee shall be deemed to be an Active
Participant only for the purpose of investment and distribution of the
transferred assets. Employer Contributions shall not be made for or allocated to
the Eligible Employee, until the time he meets all of the requirements to become
an Active Participant.

The Plan shall hold, administer, and distribute the transferred assets as a part
of the Plan. The Plan shall maintain a separate account for the benefit of the
Employee on whose behalf the Plan accepted the transfer in order to reflect the
value of the transferred assets.

Unless a transfer of assets to the Plan is an elective transfer as described
below, the Plan shall apply the optional forms of benefit protections described
in the AMENDMENTS SECTION of this article to all transferred assets.

A Participant’s protected benefits may be eliminated upon transfer between
qualified defined contribution plans if the conditions in Q&A 3(b)(1) in section
1.411(d)-4 of the regulations are met. The transfer must meet all of the other
applicable qualification requirements.

A Participant’s protected benefits may be eliminated upon transfer between
qualified plans (both defined benefit and defined contribution) if the
conditions in Q&A 3(c)(1) in section 1.411(d)-4 of the regulations are met.
Beginning January 1, 2002, if the Participant is eligible to receive an
immediate distribution of his entire nonforfeitable accrued benefit in a single
sum distribution that would consist entirely of an eligible rollover
distribution under Code Section 401(a)(31), such transfer will be accomplished
as a direct rollover under Code Section 401(a)(31). The rules applicable to
distributions under the plan would apply to the transfer, but the transfer would
not be treated as a distribution for purposes of the minimum distribution
requirements of Code Section 401(a)(9).

SECTION 10.04--PROVISIONS RELATING TO THE INSURER AND OTHER PARTIES.

The obligations of an Insurer shall be governed solely by the provisions of the
Annuity Contract. The Insurer shall not be required to perform any act not
provided in or contrary to the provisions of the Annuity Contract. Each Annuity
Contract when purchased shall comply with the Plan. See the CONSTRUCTION SECTION
of this article.

JANUARY 1, 2005                                         65                        ARTICLE X (4-51391)-1

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Any issuer or distributor of investment contracts or securities is governed
solely by the terms of its policies, written investment contract, prospectuses,
security instruments, and any other written agreements entered into with the
Trustee with regard to such investment contracts or securities.

Such Insurer, issuer or distributor is not a party to the Plan, nor bound in any
way by the Plan provisions. Such parties shall not be required to look to the
terms of this Plan, nor to determine whether the Employer, the Plan
Administrator, the Trustee, or the Named Fiduciary have the authority to act in
any particular manner or to make any contract or agreement.

Until notice of any amendment or termination of this Plan or a change in Trustee
has been received by the Insurer at its home office or an issuer or distributor
at their principal address, they are and shall be fully protected in assuming
that the Plan has not been amended or terminated and in dealing with any party
acting as Trustee according to the latest information which they have received
at their home office or principal address.

SECTION 10.05--EMPLOYMENT STATUS.

Nothing contained in this Plan gives an Employee the right to be retained in the
Employer’s employ or to interfere with the Employer’s right to discharge any
Employee.

SECTION 10.06--RIGHTS TO PLAN ASSETS.

An Employee shall not have any right to or interest in any assets of the Plan
upon termination of employment or otherwise except as specifically provided
under this Plan, and then only to the extent of the benefits payable to such
Employee according to the Plan provisions.

Any final payment or distribution to a Participant or his legal representative
or to any Beneficiaries of such Participant under the Plan provisions shall be
in full satisfaction of all claims against the Plan, the Named Fiduciary, the
Plan Administrator, the Insurer, the Trustee, and the Employer arising under or
by virtue of the Plan.

SECTION 10.07--BENEFICIARY.

Each Participant may name a Beneficiary to receive any death benefit that may
arise out of his participation in the Plan. The Participant may change his
Beneficiary from time to time. Unless a qualified election has been made, for
purposes of distributing any death benefits before the Participant’s Retirement
Date, the Beneficiary of a Participant who has a spouse shall be the
Participant’s spouse. The Participant’s Beneficiary designation and any change
of Beneficiary shall be subject to the provisions of the ELECTION PROCEDURES
SECTION of Article VI. It is the responsibility of the Participant to give
written notice to the Insurer of the name of the Beneficiary on a form furnished
for that purpose.

With the Employer’s consent, the Plan Administrator may maintain records of
Beneficiary designations for Participants before their Retirement Dates. In that
event, the written designations made by Participants shall be filed with the
Plan Administrator. If a Participant dies before his Retirement Date, the Plan
Administrator shall certify to the Insurer the Beneficiary designation on its
records for the Participant.

If there is no Beneficiary named or surviving when a Participant dies, the
Participant’s Beneficiary shall be the Participant’s surviving spouse, or where
there is no surviving spouse, the executor or administrator of the Participant’s
estate.

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SECTION 10.08--NONALIENATION OF BENEFITS.

Benefits payable under the Plan are not subject to the claims of any creditor of
any Participant, Beneficiary or spouse. A Participant, Beneficiary or spouse
does not have any rights to alienate, anticipate, commute, pledge, encumber, or
assign any of such benefits, except in the case of a loan as provided in the
LOANS TO PARTICIPANTS SECTION of Article V. The preceding sentences shall also
apply to the creation, assignment, or recognition of a right to any benefit
payable with respect to a Participant according to a domestic relations order,
unless such order is determined by the Plan Administrator to be a qualified
domestic relations order, as defined in Code Section 414(p), or any domestic
relations order entered before January 1, 1985. The preceding sentences shall
not apply to any offset of a Participant’s benefits provided under the Plan
against an amount the Participant is required to pay the Plan with respect to a
judgement, order, or decree issued, or a settlement entered into, on or after
August 5, 1997, which meets the requirements of Code Sections 401(a)(13)(C) or
(D).

SECTION 10.09--CONSTRUCTION.

The validity of the Plan or any of its provisions is determined under and
construed according to Federal law and, to the extent permissible, according to
the laws of the state in which the Employer has its principal office. In case
any provision of this Plan is held illegal or invalid for any reason, such
determination shall not affect the remaining provisions of this Plan, and the
Plan shall be construed and enforced as if the illegal or invalid provision had
never been included.

In the event of any conflict between the provisions of the Plan and the terms of
any Annuity Contract issued hereunder, the provisions of the Plan control.

SECTION 10.10--LEGAL ACTIONS.

No person employed by the Employer; no Participant, former Participant, or their
Beneficiaries; nor any other person having or claiming to have an interest in
the Plan is entitled to any notice of process. A final judgment entered in any
such action or proceeding shall be binding and conclusive on all persons having
or claiming to have an interest in the Plan.

SECTION 10.11--SMALL AMOUNTS.

If consent of the Participant is not required for a benefit which is immediately
distributable in the ELECTION PROCEDURES SECTION of Article VI, a Participant’s
entire Vested Account shall be paid in a single sum as of the earliest of his
Retirement Date, the date he dies, or the date he ceases to be an Employee for
any other reason (the date the Employer provides notice to the record keeper of
the Plan of such event, if later). For purposes of this section, if the
Participant’s Vested Account is zero, the Participant shall be deemed to have
received a distribution of such Vested Account. If a Participant would have
received a distribution under the first sentence of this paragraph but for the
fact that the Participant’s consent was needed to distribute a benefit which is
immediately distributable, and if at a later time consent would not be needed to
distribute a benefit which is immediately distributable and such Participant has
not again become an Employee, such Vested Account shall be paid in a single sum.
This is a small amounts payment.

If a small amounts payment is made as of the date the Participant dies, the
small amounts payment shall be made to the Participant’s Beneficiary. If a small
amounts payment is made while the Participant is living, the small amounts
payment shall be made to the Participant. The small amounts payment is in full
settlement of benefits otherwise payable.

No other small amounts payments shall be made.

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SECTION 10.12--WORD USAGE.

The masculine gender, where used in this Plan, shall include the feminine gender
and the singular words, as used in this Plan, may include the plural, unless the
context indicates otherwise.

The words “in writing” and “written,” where used in this Plan, shall include any
other forms, such as voice response or other electronic system, as permitted by
any governmental agency to which the Plan is subject.

SECTION 10.13--CHANGE IN SERVICE METHOD.

     (a) Change of Service Method Under This Plan. If this Plan is amended to change the method of
         crediting service from the elapsed time method to the hours method for any purpose under this
         Plan, the Employee's service shall be equal to the sum of (1), (2), and (3) below:

         (1) The number of whole years of service credited to the Employee under the Plan as of the
             date the change is effective.

         (2) One year of service for the applicable computation period in which the change is effective if
             he is credited with the required number of Hours-of-Service. If the Employer does not
             have sufficient records to determine the Employee's actual Hours-of-Service in that part of
             the service period before the effective date of the change, the Hours-of-Service shall be
             determined using an equivalency. For any month in which he would be required to be
             credited with one Hour-of-Service, the Employee shall be deemed for purposes of this
             section to be credited with 190 Hours-of-Service.

         (3) The Employee's service determined under this Plan using the hours method after the end
             of the computation period in which the change in service method was effective.

         If this Plan is amended to change the method of crediting service from the hours method to the
         elapsed time method for any purpose under this Plan, the Employee's service shall be equal to the
         sum of (4), (5), and (6) below:

         (4) The number of whole years of service credited to the Employee under the Plan as of the
             beginning of the computation period in which the change in service method is effective.

         (5) the greater of (i) the service that would be credited to the Employee for that entire
             computation period using the elapsed time method or (ii) the service credited to him under
             the Plan as of the date the change is effective.

         (6) The Employee's service determined under this Plan using the elapsed time method after
             the end of the applicable computation period in which the change in service method was
             effective.

     (b) Transfers Between Plans with Different Service Methods. If an Employee has been a participant in
         another plan of the Employer which credited service under the elapsed time method for any
         purpose which under this Plan is determined using the hours method, then the Employee's service
         shall be equal to the sum of (1), (2), and (3) below:

         (1) The number of whole years of service credited to the Employee under the plan as of the
             date he became an Eligible Employee under this Plan.

JANUARY 1, 2005                                         68                        ARTICLE X (4-51391)-1

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         (2) One year of service for the applicable computation period in which he became an Eligible
             Employee if he is credited with the required number of Hours-of-Service. If the Employer
             does not have sufficient records to determine the Employee's actual Hours-of-Service in
             that part of the service period before the date he became an Eligible Employee, the Hoursof-
             Service shall be determined using an equivalency. For any month in which he would be
             required to be credited with one Hour-of-Service, the Employee shall be deemed for
             purposes of this section to be credited with 190 Hours-of-Service.

         (3) The Employee's service determined under this Plan using the hours method after the end
             of the computation period in which he became an Eligible Employee.

         If an Employee has been a participant in another plan of the Employer which credited service
         under the hours method for any purpose which under this Plan is determined using the elapsed
         time method, then the Employee's service shall be equal to the sum of (4), (5), and (6) below:

         (4) The number of whole years of service credited to the Employee under the other plan as of
             the beginning of the computation period under that plan in which he became an Eligible
             Employee under this Plan.

         (5) The greater of (i) the service that would be credited to the Employee for that entire
             computation period using the elapsed time method or (ii) the service credited to him under
             the other plan as of the date he became an Eligible Employee under this Plan.

         (6) The Employee's service determined under this Plan using the elapsed time method after
             the end of the applicable computation period under the other plan in which he became an
             Eligible Employee.

If an Employee has been a participant in a Controlled Group member’s plan which
credited service under a different method than is used in this Plan, in order to
determine entry and vesting, the provisions in (b) above shall apply as though
the Controlled Group member’s plan were a plan of the Employer.

Any modification of service contained in this Plan shall be applicable to the
service determined pursuant to this section.

SECTION 10.14--MILITARY SERVICE.

Notwithstanding any provision of this Plan to the contrary, the Plan shall
provide contributions, benefits, and service credit with respect to qualified
military service in accordance with Code Section 414(u). Loan repayments shall
be suspended under this Plan as permitted under Code Section 414(u).

JANUARY 1, 2005                                         69                        ARTICLE X (4-51391)-1

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ARTICLE XI
TOP-HEAVY PLAN REQUIREMENTS
SECTION 11.01--APPLICATION.

The provisions of this article shall supersede all other provisions in the Plan
to the contrary.

For the purpose of applying the Top-heavy Plan requirements of this article, all
members of the Controlled Group shall be treated as one Employer. The term
Employer, as used in this article, shall be deemed to include all members of the
Controlled Group, unless the term as used clearly indicates only the Employer is
meant.

The accrued benefit or account of a participant which results from deductible
employee contributions shall not be included for any purpose under this article.

The minimum vesting and contribution provisions of the MODIFICATION OF VESTING
REQUIREMENTS and MODIFICATION OF CONTRIBUTIONS SECTIONS of this article shall
not apply to any Employee who is included in a group of Employees covered by a
collective bargaining agreement which the Secretary of Labor finds to be a
collective bargaining agreement between employee representatives and one or more
employers, including the Employer, if there is evidence that retirement benefits
were the subject of good faith bargaining between such representatives. For this
purpose, the term “employee representatives” does not include any organization
more than half of whose members are employees who are owners, officers, or
executives.

SECTION 11.02--DEFINITIONS.

For purposes of this article the following terms are defined:

Aggregation Group means:

     (a) each of the Employer's qualified plans in which a Key Employee is a participant during the Plan
         Year containing the Determination Date (regardless of whether the plan was terminated) or one of
         the four preceding Plan Years,

     (b) each of the Employer's other qualified plans which allows the plan(s) described in (a) above to
         meet the nondiscrimination requirement of Code Section 401(a)(4) or the minimum coverage
         requirement of Code Section 410, and

     (c) any of the Employer's other qualified plans not included in (a) or (b) above which the Employer
         desires to include as part of the Aggregation Group. Such a qualified plan shall be included only if
         the Aggregation Group would continue to satisfy the requirements of Code Section 401(a)(4) and
         Code Section 410.

The plans in (a) and (b) above constitute the “required” Aggregation Group. The
plans in (a), (b), and (c) above constitute the “permissive” Aggregation Group.

Compensation means compensation as defined in the CONTRIBUTION LIMITATION
SECTION of Article III. For purposes of determining who is a Key Employee in
years beginning before January 1, 1998, Compensation shall include, in addition
to compensation as defined in the CONTRIBUTION LIMITATION SECTION of Article
III, elective contributions. Elective contributions are amounts excludible from
the gross income of the Employee under Code Sections 125, 402(e)(3),
402(h)(1)(B), or 403(b), and contributed by the Employer, at the Employee’s
election, to a Code Section 401(k) arrangement, a simplified employee pension,
cafeteria plan, or tax-sheltered annuity. Elective contributions also include
amounts deferred under a Code Section 457 plan maintained by the Employer.

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Determination Date means as to any plan, for any plan year subsequent to the
first plan year, the last day of the preceding plan year. For the first plan
year of the plan, the last day of that year.

Key Employee means any Employee or former Employee (and the Beneficiaries of
such Employee) who at any time during the determination period was:

     (a) an officer of the Employer if such individual's annual Compensation exceeds 50 percent of the
         dollar limitation under Code Section 415(b)(1)(A),

     (b) an owner (or considered an owner under Code Section 318) of one of the ten largest interests in
         the Employer if such individual's annual Compensation exceeds 100 percent of the dollar limitation
         under Code Section 415(c)(1)(A),

     (c) a 5-percent owner of the Employer, or

     (d) a 1-percent owner of the Employer who has annual Compensation of more than $150,000.

The determination period is the Plan Year containing the Determination Date and
the four preceding Plan Years.

The determination of who is a Key Employee shall be made according to Code
Section 416(i)(1) and the regulations thereunder.

Non-key Employee means any Employee who is not a Key Employee.

Present Value means the present value of a participant's accrued benefit under a
defined benefit plan. For purposes of establishing Present Value to compute the
Top-heavy Ratio, any benefit shall be discounted only for 7.5% interest and
mortality according to the 1971 Group Annuity Table (Male) without the 7% margin
but with projection by Scale E from 1971 to the later of (a) 1974, or (b) the
year determined by adding the age to 1920, and wherein for females the male age
six years younger is used.

Top-heavy Plan means a plan which is top-heavy for any plan year beginning after
December 31, 1983. This Plan shall be top-heavy if any of the following
conditions exist:

     (a) The Top-heavy Ratio for this Plan exceeds 60 percent and this Plan is not part of any required
         Aggregation Group or permissive Aggregation Group.

     (b) This Plan is a part of a required Aggregation Group, but not part of a permissive Aggregation
         Group, and the Top-heavy Ratio for the required Aggregation Group exceeds 60 percent.

     (c) This Plan is a part of a required Aggregation Group and part of a permissive Aggregation Group
         and the Top-heavy Ratio for the permissive Aggregation Group exceeds 60 percent.

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Top-heavy Ratio means:

     (a) If the Employer maintains one or more defined contribution plans (including any simplified
         employee pension plan) and the Employer has not maintained any defined benefit plan which
         during the five-year period ending on the Determination Date(s) has or has had accrued benefits,
         the Top-heavy Ratio for this Plan alone or for the required or permissive Aggregation Group, as
         appropriate, is a fraction, the numerator of which is the sum of the account balances of all Key
         Employees as of the Determination Date(s) (including any part of any account balance distributed
         in the five-year period ending on the Determination Date(s)), and the denominator of which is the
         sum of all account balances (including any part of any account balance distributed in the five-year
         period ending on the Distribution Date(s)), both computed in accordance with Code Section 416
         and the regulations thereunder. Both the numerator and denominator of the Top-heavy Ratio are
         increased to reflect any contribution not actually made as of the Determination Date, but which is
         required to be taken into account on that date under Code Section 416 and the regulations
         thereunder.

     (b) If the Employer maintains one or more defined contribution plans (including any simplified
         employee pension plan) and the Employer maintains or has maintained one or more defined
         benefit plans which during the five-year period ending on the Determination Date(s) has or has had
         accrued benefits, the Top-heavy Ratio for any required or permissive Aggregation Group, as
         appropriate, is a fraction, the numerator of which is the sum of the account balances under the
         aggregated defined contribution plan or plans of all Key Employees determined in accordance with
         (a) above, and the Present Value of accrued benefits under the aggregated defined benefit plan or
         plans for all Key Employees as of the Determination Date(s), and the denominator of which is the
         sum of the account balances under the aggregated defined contribution plan or plans for all
         participants, determined in accordance with (a) above, and the Present Value of accrued benefits
         under the defined benefit plan or plans for all participants as of the Determination Date(s), all
         determined in accordance with Code Section 416 and the regulations thereunder. The accrued
         benefits under a defined benefit plan in both the numerator and denominator of the Top-heavy
         Ratio are increased for any distribution of an accrued benefit made in the five-year period ending
         on the Determination Date.

     (c) For purposes of (a) and (b) above, the value of account balances and the Present Value of
         accrued benefits will be determined as of the most recent Valuation Date that falls within or ends
         with the 12-month period ending on the Determination Date, except as provided in Code Section
         416 and the regulations thereunder for the first and second plan years of a defined benefit plan.
         The account balances and accrued benefits of a participant (i) who is not a Key Employee but who
         was a Key Employee in a prior year or (ii) who has not been credited with at least an hour of
         service with any employer maintaining the plan at any time during the five-year period ending on
         the Determination Date will be disregarded. The calculation of the Top-heavy Ratio and the extent
         to which distributions, rollovers, and transfers are taken into account will be made in accordance
         with Code Section 416 and the regulations thereunder. Deductible employee contributions will not
         be taken into account for purposes of computing the Top-heavy Ratio. When aggregating plans,
         the value of account balances and accrued benefits will be calculated with reference to the
         Determination Dates that fall within the same calendar year.

         The accrued benefit of a participant other than a Key Employee shall be determined under (i) the
         method, if any, that uniformly applies for accrual purposes under all defined benefit plans
         maintained by the Employer, or (ii) if there is no such method, as if such benefit accrued not more
         rapidly than the slowest accrual rate permitted under the fractional rule of Code Section
         411(b)(1)(C).

SECTION 11.03--MODIFICATION OF VESTING REQUIREMENTS.

If a Participant’s Vesting Percentage determined under Article I is not at least
as great as his Vesting Percentage would be if it were determined under a
schedule permitted in Code Section 416, the following shall apply. During any
Plan Year in which the Plan is a Top-heavy Plan, the Participant’s Vesting
Percentage shall be the greater of the Vesting Percentage determined under
Article I or the schedule below.

                    VESTING SERVICE               NONFORFEITABLE
                     (whole years)                  PERCENTAGE

                      Less than 3                         0
                      3 or more                         100

JANUARY 1, 2005                                         72                        ARTICLE XI (4-51391)-1

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The schedule above shall not apply to Participants who are not credited with an
Hour-of-Service after the Plan first becomes a Top-heavy Plan. The Vesting
Percentage determined above applies to the portion of the Participant’s Account
which is multiplied by a Vesting Percentage to determine his Vested Account,
including benefits accrued before the effective date of Code Section 416 and
benefits accrued before this Plan became a Top-heavy Plan.

If, in a later Plan Year, this Plan is not a Top-heavy Plan, a Participant’s
Vesting Percentage shall be determined under Article I. A Participant’s Vesting
Percentage determined under either Article I or the schedule above shall never
be reduced and the election procedures of the AMENDMENTS SECTION of Article X
shall apply when changing to or from the schedule as though the automatic change
were the result of an amendment.

The part of the Participant’s Vested Account resulting from the minimum
contributions required pursuant to the MODIFICATION OF CONTRIBUTIONS SECTION of
this article (to the extent required to be nonforfeitable under Code Section
416(b)) may not be forfeited under Code Section 411(a)(3)(B) or (D).

SECTION 11.04--MODIFICATION OF CONTRIBUTIONS.

During any Plan Year in which this Plan is a Top-heavy Plan, the Employer shall
make a minimum contribution as of the last day of the Plan Year for each Non-key
Employee who is an Employee on the last day of the Plan Year and who was an
Active Participant at any time during the Plan Year. A Non-key Employee is not
required to have a minimum number of Hours-of-Service or minimum amount of
Compensation in order to be entitled to this minimum. A Non-key Employee who
fails to be an Active Participant merely because his Compensation is less than a
stated amount or merely because of a failure to make mandatory participant
contributions or, in the case of a cash or deferred arrangement, elective
contributions shall be treated as if he were an Active Participant. The minimum
is the lesser of (a) or (b) below:

     (a) 3 percent of such person's Compensation for such Plan Year.

     (b) The "highest percentage" of Compensation for such Plan Year at which the Employer's
         contributions are made for or allocated to any Key Employee. The highest percentage shall be
         determined by dividing the Employer Contributions made for or allocated to each Key Employee
         during the Plan Year by the amount of his Compensation for such Plan Year, and selecting the
         greatest quotient (expressed as a percentage). To determine the highest percentage, all of the
         Employer's defined contribution plans within the Aggregation Group shall be treated as one plan.
         The minimum shall be the amount in (a) above if this Plan and a defined benefit plan of the
         Employer are required to be included in the Aggregation Group and this Plan enables the defined
         benefit plan to meet the requirements of Code Section 401(a)(4) or 410.

For purposes of (a) and (b) above, Compensation shall be limited by Code Section
401(a)(17).

If the Employer’s contributions and allocations otherwise required under the
defined contribution plan(s) are at least equal to the minimum above, no
additional contribution shall be required. If the Employer’s total contributions
and allocations are less than the minimum above, the Employer shall contribute
the difference for the Plan Year.

JANUARY 1, 2005                                         73                        ARTICLE XI (4-51391)-1

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The minimum contribution applies to all of the Employer’s defined contribution
plans in the aggregate which are Top-heavy Plans. A minimum contribution under a
profit sharing plan shall be made without regard to whether or not the Employer
has profits.

If a person who is otherwise entitled to a minimum contribution above is also
covered under another defined contribution plan of the Employer’s which is a
Top-heavy Plan during that same Plan Year, any additional contribution required
to meet the minimum above shall be provided in this Plan.

If a person who is otherwise entitled to a minimum contribution above is also
covered under a defined benefit plan of the Employer’s which is a Top-heavy Plan
during that same Plan Year, the minimum benefits for him shall not be
duplicated. The defined benefit plan shall provide an annual benefit for him on,
or adjusted to, a straight life basis equal to the lesser of:

     (c) 2 percent of his average compensation multiplied by his years of service, or

     (d) 20 percent of his average compensation.

Average compensation and years of service shall have the meaning set forth in
such defined benefit plan for this purpose.

For purposes of this section, any employer contribution made according to a
salary reduction or similar arrangement and employer contributions which are
matching contributions, as defined in Code Section 401(m), shall not apply in
determining if the minimum contribution requirement has been met, but shall
apply in determining the minimum contribution required.

The requirements of this section shall be met without regard to any Social
Security contribution.

JANUARY 1, 2005                                         74                        ARTICLE XI (4-51391)-1

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ARTICLE XII
SPECIAL MERGED PLAN ISSUES
SECTION 12.01--GENERALLY.

The purpose of this Article is to provide for the merger of the certain plans
into this Plan, and to specify the terms under which participants of such plans
will participate in this Plan. This Article also describes any special rules
applicable to Employees affected by the acquisition, merger or disposition of a
business entity or division. The rules described in this Article shall supercede
any other provisions of the Plan.

SECTION 12.02--FIRST NATIONAL BANK OF BOLIVAR COUNTY.

First National Bank of Bolivar County (“FNB) was acquired by the Sponsor
December 31, 1998 and no longer exists as a separate entity. As of that date,
employees of FNB became employees of Merchants & Farmers Bank. The First
National Bank of Bolivar County 401(k) Plan (“FNB Plan”) was merged into this
Plan as described below.

     (a) Participation. Effective January 1, 1999, this Plan will be extended to each individual employed by
         FNB on December 31, 1998. An individual's employment with FNB will be treated as employment
         with an Employer under this Plan. Employment with any other organization prior to January 1, 1999
         that was counted under the FNB Plan will also be treated as employment with an Employer under
         this Plan. Each individual employed by FNB on December 31, 1998 who was a participant in the
         FNB Plan on December 31, 1998 will automatically become a Participant in this Plan on January 1,
         1999. Each other employee of FNB who became an Employee of Merchants & Farmers Bank on
         January 1, 1999, will enter this Plan on January 1, 1999, provided he has satisfied the age and
         service requirements of Section 2.01 hereof. Each employee of FNB who first satisfies the age and
         service requirements of Section 2.01 after January 1, 1999 shall become a Participant in this Plan
         in accordance with Article II hereof.

     (b) Merger of Plans. The FNB Plan will be merged into this Plan as of March 1, 1999 (the "Merger
         Date") and continued in the form of this Plan. The merger of the FNB Plan into this Plan and the
         resulting transfer of assets will be made in accordance with sections 401(a)(12) and 414(l) of the
         Code and the regulations thereunder.

     (c) Transfer of Assets. The assets of the trust fund for the FNB Plan will be transferred to the Trustee
         of this Plan on or as soon as practicable after the Merger Date. The group annuity contract with
         Principal Financial Group shall be transferred to the Trust as of the Merger Date and shall continue
         to be held by the trust until such time as the Board of Directors of the Sponsor deems it appropriate
         and in the best interests of the affected Participants to discontinue said contract. The individual
         accounts maintained under the contract on behalf of former FNB Participants shall continue to be
         administered by the Principal and such Participants may continue to direct the investment of such
         accounts among the investment alternatives available under the contract; provided, however, that
         no additional contributions may be deposited to the contract from and after the Merger Date.

     (d) Transfer of Account Balances. All Accounts maintained under the FNB Plan on December 31,
         1998 for Participants and Beneficiaries of the FNB Plan will be adjusted as of that date in
         accordance with the provisions of the FNB Plan. The net credit balances in such Accounts as
         adjusted as of the date the assets are transferred to the Trustee of this Plan will be transferred to
         this Plan and credited in such manner as the Plan Administrator shall determine. In addition, the
         Accounts of any former Participants of the FNB Plan which are required to be restored after
         December 31, 1998, shall be credited in the same manner as described in the preceding sentence.

JANUARY 1, 2005                                         75                        ARTICLE XII (4-51391)-1

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     (e) Vesting of Transferred Accounts. The accounts transferred from the FNB Plan attributable to
         "Elective Deferral Contributions" and "Rollover Contributions" shall continue to be one hundred
         percent (100%) vested at all times. The accounts transferred from the FNB Plan attributable to
         "Matching Contributions" and "Profit Sharing Contributions" shall be subject to the following vesting
         schedule:

                    Years of Vesting Service           Vested Percentage
                    ------------------------           -----------------
                         less than 2                         0%
                              2                             20%
                              3                             40%
                              4                             60%
                         5 or more                         100%

         Notwithstanding the above schedule, amounts transferred from the FNB Plan shall become fully
         vested upon the date the Participant attains age fifty-nine and one-half (59 1/2).

     (f) Distribution of Account Balances. Distributions shall be made in accordance with Article VI
         hereof. Any optional forms of benefit provided under the FNB Plan that is not, described in Section
         6.01(a)(1) or (2) hereof, shall not be available with respect to distributions commencing on or after
         April 1, 2002.

     (g) Amounts Available For Hardship. The transferred Matching Account and Profit Sharing Account
         shall not be included in the determination of amounts available for hardship withdrawal under
         Section 5.05 hereof.

     (h) In-Service Withdrawals. The transferred Matching Account and Profit Sharing Account shall be
         included in the determination of amounts available for withdrawal pursuant to Section 5.05 hereof.
         Notwithstanding the provisions of Section 5.05, a Participant may elect to withdraw all or a portion
         of the account balance transferred from the FNB Plan attributable to "Matching Contributions" and
         "Profit Sharing Contributions" at any time after the Participant attains age fifty-nine and one-half
         (59 1/2).

SECTION 12.03--COMMUNITY FEDERAL SAVINGS BANK.

Community Federal Savings Bank ("CFS") was acquired by the Sponsor November 22, 1999 and no longer
exists as a separate entity. As of that date, Employees of CFS became Employees of an Adopting Employer.

     (a) Service. Employment with CFS and its predecessor organizations will be treated as employment
         with the Employer and shall count as Service for all purposes of the Plan.

     (b) Participation. Individuals employed by CFS on November 22, 1999 shall be eligible to participate in
         the Plan in accordance with Article II hereof. Subject to the requirements of Section 2.01 hereof,
         the first Entry Date with respect to such Employees shall be a special Entry Date, which shall be
         November 22, 1999.

JANUARY 1, 2005                                         76                        ARTICLE XII (4-51391)-1

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SECTION 12.04--REYNOLDS INSURANCE & REAL ESTATE AGENCY, INC.

Reynolds Insurance & Real Estate Agency, Inc. (“Reynolds”) will adopt this Plan
and become an Adopting Employer under this Plan effective January 1, 2001. The
Reynolds Insurance & Real Estate Agency, Inc. 401(k) Profit Sharing Plan and
Trust (“Reynolds Plan”) was frozen effective December 31, 2000 and was merged
into this Plan as described below.

     (a) Participation. Effective as of January 1, 2001, this Plan will be extended to each individual
         employed by Reynolds on January 1, 2001. An individual's employment with Reynolds will be
         treated as employment with an Employer under this Plan. Employment with any other organization
         prior to January 1, 2001 that was counted as employment under the Reynolds Plan will also be
         treated as employment with an Employer under this Plan. Each individual employed by Reynolds
         on January 1, 2001 will enter the Plan on January 1, 2001 provided he has satisfied the age and
         service requirements of Section 2.01 hereof. Each employee of Reynolds who first satisfies the
         age and service requirements of Section 2.01 after January 1, 2001 shall become a Participant in
         this Plan in accordance with Article II hereof.

     (b) Merger of Plans. The Reynolds Plan will be merged into this Plan as of March 1, 2001 (the "Merger
         Date") and shall continue in the form of this Plan. The merger of the Reynolds Plan into this Plan
         and the resulting transfer of assets will be made in accordance with section 401(a)(12) and 414(l)
         of the Code and regulations thereunder.

     (c) Transfer of Assets. The assets of the Trust Fund for the Reynolds Plan will be transferred to the
         Trustee of this Plan on or as soon as practicable after the Merger Date.

     (d) Transfer of Account Balances. All Accounts maintained under the Reynolds Plan on March 1, 2001
         for Participants and Beneficiaries of the Reynolds Plan will be adjusted as of that date in
         accordance with the provisions of the Reynolds Plan. The net credit balances in such Accounts as
         adjusted through the date the assets are transferred to the Trustee of this Plan will be transferred
         to this Plan and credited in such manner as the Plan Administrator shall determine. In addition, the
         Accounts of any former Participants of the Reynolds Plan which are required to be restored after
         March 1, 2001, shall be credited in the same manner as described in the preceding sentence.

     (e) Vesting of Transferred Accounts. All accounts transferred from the Reynolds Plan shall be 100%
         vested at alI times.

     (f) Distribution of Account Balances. Distributions shall be made in accordance with Article VI hereof.
         Any optional form of benefit provided under the Reynolds Plan not described in Section 6.0I(a)(1)
         and 6.01(a)(2) hereof shall not be available with respect to distributions commencing after April I,
         2002.

     (g) In-Service Withdrawals. The transferred "Nonelective Contributions" (profit sharing) Account shall
         be included in the determination of amounts available for withdrawal pursuant to Section 5.05
         hereof.

     (h) Reimbursement of Surrender Charges and Market Value Adjustments. The Employer is expressly
         permitted to make a contribution to the Plan to reimburse the Accounts of Participants which were
         charged with a surrender charge or market value adjustment as a result of the liquidation of assets
         immediately prior to the plan merger. Such contribution shall be credited to the Accounts of
         affected Participants in proportion to the surrender charge or market value adjustment that was
         charged to their Account, and shall be treated as a reimbursement of expenses and not as an
         Employer contribution for purposes of the Plan.

JANUARY 1, 2005                                         77                        ARTICLE XII (4-51391)-1

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SECTION 12.05--HOUSE OF INSURANCE, INC.

House of Insurance, Inc. (“HOI”) was acquired by the Sponsor April 1, 2000.
Employees of HOI became employees of Insurance Services, Inc. (Insurance
Services), an affiliate of the Sponsor, shortly-after the acquisition. The House
of Insurance Inc. Retirement Plan (“HOI Plan”), a defined contribution profit
sharing plan including provisions permitting elective deferrals under section
401(k) of the Code, was frozen effective April 1, 2000 and merged into this Plan
as described below.

     (a) Participation. Effective January 1, 2001 this Plan is extended to all employees of Insurance
         Services, including individuals who were employees of HOI on April 1, 2000. An individual's
         employment with HOI will be treated as employment with an Employer for all purposes of this Plan.
         Employment with any other Employer prior to April 1, 2000 that was counted as employment under
         the HOI Plan will also be counted as employment under this Plan. Each individual who was a
         former employee of HOI and who was employed by an Adopting Employer on January 1, 2001 will
         enter this Plan on January 1, 2001 provided he has satisfied the age and service requirements of
         Section 2.01 hereof as of that date. Each former employee of HOI who first satisfies the age and
         service requirements of Section 2.01 after January 1, 2001 shall become a Participant in this Plan
         in accordance with Article II hereof.

     (b) Merger of Plans. The HOI Plan will be merged into this Plan as of March 1, 2001 (the "Merger
         Date") and continued in the form of this Plan. The merger of the HOI Plan into this Plan and the
         resulting transfer of assets will be made in accordance with sections 401(a)(12) and 414(l) of the
         Code and the regulations thereunder.

     (c) Transfer of Assets. The assets of the HOI Plan, all of which were maintained under a group
         annuity contract with the Principal Financial Group, will be transferred to the Trustee of this Plan on
         or as soon as practicable after the Merger Date.

     (d) Transfer of Account Balances. All Accounts maintained under the HOI Plan on March 1, 2001 for
         Participants and Beneficiaries of the HOI Plan will be adjusted as of that date in accordance with
         the provisions of the HOI Plan. The net credit balances in such Accounts as adjusted as of the date
         the assets are transferred to the Trustee of this Plan will be transferred to this Plan and credited in
         such manner as the Plan Administrator shall determine. In addition, the Accounts of any former
         Participants of the HOI Plan which are required to be restored after March 1, 2001, shall be
         credited in the same manner as described in the preceding sentence.

     (e) Vesting of Transferred Accounts. All accounts transferred from the HOI Plan shall be one
         hundred percent (100%) vested at all times.

     (f) Distribution of Account Balances. Distributions shall be made in accordance with the provisions
         of Article 6 hereof Any form of benefit provided under the HOI Plan not described in Section
         6.01(a)(1) or (2) hereof shall not be available for distributions commencing on or after April 1, 2002.
         In accordance with Section 6.02 a Participant who terminates employment at any age may elect to
         commence distribution of his vested benefit at any time, including, but not limited to, the "Early
         Retirement Age" provided under the HOI Plan.

JANUARY 1, 2005                                         78                        ARTICLE XII (4-51391)-1

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     (g) In-Service Withdrawals. The transferred "Employer Account" shall be included in the
         determination of amounts available for withdrawal pursuant to Section 5.05 hereof.
         Notwithstanding the provisions of Section 5.05 hereof, a Participant may withdraw the account
         balance transferred from the HOI Plan attributable to the "Employer Account" at any time after the
         attainment of age fifty-nine and one-half (59 1/2):

     (h) Amounts Available For Hardship. The transferred "Employer Account" shall not be included in
         the determination of amounts available for hardship withdrawal under Section 5.05 hereof.

     (i) Reimbursement of Surrender Charges and Market Value Adjustments. The Employer is
         expressly permitted to make a contribution to the Plan to reimburse the Accounts of Participants
         which were charged with a surrender charge or market value adjustment as a result of the
         liquidation of assets immediately prior to the plan merger. Such contribution shall be credited to the
         Accounts of affected Participants in proportion to the surrender charge or market value adjustment
         that was charged to their Account, and shall be treated as a reimbursement of expenses and not
         as an Employer contribution for purposes of the Plan.

SECTION 12.06--TYLER, KING & RYDER, INC.

Tyler, King & Ryder, Inc. ("TKR") was acquired by the Sponsor September 20, 1999 and continues to exist
as a separate entity. Effective January 1, 2001, TKR became an Adopting Employer.

     (a) Service. Employment with TKR and its predecessor organization will be treated as employment
         with the Employer and will be counted as Service for all purposes of the Plan.

     (b) Participation. Individuals employed by TKR shall be eligible to participate in the Plan in
         accordance with Article II hereof. Subject to the requirements of Section 2.01 hereof, the first Entry
         Date with respect to such Employees is January 1, 2001.
         Effective January 1, 2003, Reynolds Insurance & Real Estate Agency, Inc. and Insurance Services, Inc.
         merged into Tyler, King & Ryder, Inc. and the name of the surviving business was changes from Tyler, King &
         Ryder, Inc. to M&F Financial Group, Inc. Service prior to January 1, 2003 with respect to employees of Reynolds
         Insurance & Real Estate, Inc. and Insurance Services, Inc. who became employees of M&F Financial Group, Inc.
         on January 1, 2003 shall be determined in accordance with Section 13.04 and 13.07."

SECTION 12.07--INSURANCE SERVICES, INC.

Insurance Services, Inc. ("ISI") was acquired by the Sponsor January 3, 2000 and continues to exist as a
separate entity. Effective January 1, 2001, ISI became an Adopting Employer.

     (a) Service. Employment with ISI will be treated as employment with the Employer and will be counted
         as Service for all purposes of the Plan.

     (b) Participation. Individuals employed by ISI shall be eligible to participate in this Plan in accordance
         with Article 2 hereof. Subject to the requirements of Section 2.01 hereof, the first Entry Date with
         respect to such Employees is January 1, 2001.

     (c) Effective January 1, 2003, Insurance Services, Inc. merged into Tyler, King & Ryder, Inc.

JANUARY 1, 2005                                         79                        ARTICLE XII (4-51391)-1

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SECTION 12.08--M&F BUSINESS CREDIT, INC.

M&F Business Credit, Inc. was established and incorporated effective March 27,
2003 as a wholly owned subsidiary of Merchants & Farmers Bank. Effective January
1, 2004, M&F Business Credit, Inc. shall be an Adopting Employer.

     (a) Service. Employment with M&F Business Credit, Inc. shall be treated as employment with the
         Employer and will be counted as Service for all purposes of the Plan.

     (b) Participation. Individuals employed by M&F Business Credit, Inc. shall be eligible to participate in
         the Plan in accordance with Article II hereof. Accordingly, the first Entry Date with respect to such
         Employees is July 1, 2004."

JANUARY 1, 2005                                         80                        ARTICLE XII (4-51391)-1

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By executing this Plan, the Primary Employer acknowledges having counseled to the extent necessary with
selected legal and tax advisors regarding the Plan's legal and tax implications.

Executed this __________ day of ________________, _________.

                                              Merchants & Farmers Bank

                                              By:
                                                  -------------------------------------

                                                  -------------------------------------
                                                                 Title

                                                     Defined Contribution Plan 8.0

___ By my signature above, I hereby execute this Plan on behalf of each Adopting Employer identified in the
    Addendum attached.

JANUARY 1, 2005                                        81                        PLAN EXECUTION (4-51391)-1

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                                               ADDENDUM

ADOPTING EMPLOYER                                                     ADOPTION DATE

Merchants & Farmers Bank                                                 January 1, 1969

First National Bank of Bolivar County                                    March 1, 1999

Community Federal Savings Bank                                           November 22, 1999

M & F Insurance Group, Inc.                                              January 1, 2003

M & F Business Credit, Inc.                                              January 1, 2004

JANUARY 1, 2005                                      82                      ADDENDUM (4-51391)-1

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Appendix A

THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 (EGTRRA)

The following provisions reflect changes to the Plan as a result of the Economic
Growth and Tax Relief Reconciliation Act of 2001(EGTRRA). These provisions are
an integral part of the aforesaid Plan and are controlling over the terms of
said Plan with respect to the particular item addressed expressly therein. All
other provisions of the Plan remain unchanged and controlling.

INCREASE IN COMPENSATION LIMIT

For Plan Years beginning on and after January 1, 2002, the annual Compensation
of each Participant taken into account for determining all benefits provided
under the Plan for any determination period shall not exceed $200,000, as
adjusted for increases in the cost-of-living in accordance with Code Section
401(a)(17)(B). The cost-of-living adjustment in effect for 9 calendar year
applies to any determination period beginning in such calendar year.

If Compensation for any prior determination period is taken into account in
determining a Participant’s contributions or benefits for the current Plan Year,
the Compensation for such prior determination period is subject to the
applicable annual compensation limit in effect for that determination period.
For this purpose, in determining contributions or benefits in Plan Years
beginning on or after January 1, 2002, the annual Compensation limit in effect
for determination periods beginning before that date is $200,000.

LIMITATIONS ON CONTRIBUTIONS

Effective date. This section shall be effective for Limitation Years beginning
after December 31, 2001.

Maximum Annual Addition. Except to the extent permitted in the Catch-up
Contributions section of this amendment that provides for catch-up contributions
under EGTRRA section 631 and Code Section 414(v), if applicable, the Annual
Addition that may be contributed or allocated to a Participant’s Account under
the Plan for any Limitation Year shall not exceed the lesser of:

a) $40,000, as adjusted for increases in the cost-of-living under Code Section 415(d), or

b) 100 percent of the Participant's Compensation, for the Limitation Year.

The compensation limitation referred to in (b) shall not apply to any
contribution for medical benefits after separation from service (within the
meaning of Code Section 401(h) or 419A(f)(2)) which is otherwise treated as an
Annual Addition.

ELECTIVE DEFERRALS - CONTRIBUTION LIMITATION

No Participant shall be permitted to have Elective Deferral Contributions, as
defined in the EXCESS AMOUNTS Section, made under this Plan, or any other
qualified plan maintained by the Employer, during any taxable year in excess of
the dollar limitation contained in Code Section 402(g) in effect for such
taxable year, except to the extent permitted in the Catch-up Contributions
section of this amendment that provides for catch-up contributions under EGTRRA
section 631 and Code Section 414(v), if applicable.

CATCH-UP CONTRIBUTIONS

Effective Date. This section shall apply to Contributions received after May 15,
2002.

--------------------------------------------------------------------------------

Catch-up Contributions. All employees who are eligible to make Elective Deferral
Contributions under this Plan and who have attained age 50 before the close of
the Plan Year shall be eligible to make catch-up contributions in accordance
with, and subject to the limitations of, Code Section 414(v). Such catch-up
contributions shall not be taken into account for purposes of the provisions of
the Plan implementing the required limitations of Code Sections 402 (g)and 415.
The Plan shall not be treated as failing to satisfy the provisions of the Plan
implementing the requirements of Code Section 401(k)(3), 401(k)(11), 401(k)(12),
410(b), or 416, as applicable, by reason of the making of such catch-up
contributions.

MODIFICATION OF MATCHING CONTRIBUTION FORMULA

Effective date. This section shall be effective as of October 1, 2004.

The Plan’s Matching Contributions formula shall be modified as follows: Matching
Contributions shall be calculated using Elective Deferral Contributions up to
the lesser of (i) any Plan limit on the amount of Elective Deferral
Contributions that will be matched or (ii) any Plan limit on the amount of
Elective Deferral Contributions that can be made including the provisions of the
Plan implementing the required limitations of Code Sections 402(g) and 415.

Any Matching Contributions which are based on Elective Deferral Contributions
which are Excess Elective Deferrals or Excess Contributions, both as defined in
the EXCESS AMOUNTS SECTION of Article III, plus any income and minus any loss
allocable thereto, shall be forfeited whether or not such amounts are
distributed as Excess Elective Deferrals or Excess Contributions.

DIRECT ROLLOVERS OF PLAN DISTRIBUTIONS

Effective date. This section shall apply to distributions made after December
31, 2001. The provisions of the second modification of this section shall not
apply if the Plan does not provide for hardship distributions. The provisions of
the third modification of this section shall not apply if the Plan does not have
after-tax employee contributions.

Modification of definition of Eligible Retirement Plan. For purposes of the
DIRECT ROLLOVER Section, an Eligible Retirement Plan shall also mean an annuity
contract described in Code Section 403(b) and an eligible plan under Code
Section 457(b) which is maintained by a state, political subdivision of a state,
or any agency or instrumentality of a state or political subdivision of a state
and which agrees to separately account for amounts transferred into such plan
from this Plan. The definition of Eligible Retirement Plan shall also apply in
the case of a distribution to a surviving spouse, or to a spouse or former
spouse who is the alternate payee under a qualified domestic relations order, as
defined in Code Section 414(p).

Modification of definition of Eligible Rollover Distribution to exclude hardship
distributions. For purposes of the DIRECT ROLLOVER Section, any amount that is
distributed on account of hardship shall not be an Eligible Rollover
Distribution and the Distributee may not elect to have any portion of such a
distribution paid directly to an Eligible Retirement Plan.

Modification of definition of Eligible Rollover Distribution to include
after-tax employee contributions. For purposes of the DIRECT ROLLOVER Section, a
portion of a distribution shall not fail to be an Eligible Rollover Distribution
merely because the portion consists of after-tax employee contributions which
are not includible in gross .income. However, such portion may be transferred
only to an individual retirement account or individual retirement annuity
described in Code Section 408(a) or (b), or to a qualified defined contribution
plan described in Code Section 401(a) or 403(a) that agrees to separately
account for amounts so transferred, including separately accounting for the
portion of such distribution which is includible in gross income and the portion
of such distribution which is not so includible.

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ROLLOVERS FROM OTHER PLANS

The Plan will accept Participant Rollover Contributions and/or direct rollovers
of distributions made after December 31, 2001 from the types of plans specified
below beginning January 1, 2002.

Direct Rollovers

The Plan will accept a direct rollover of an Eligible Rollover Distribution from:

i)    a qualified plan described in Code Section 401(a) or 403(a), including after-tax
      employee contributions.

ii)   an annuity contract described in Code Section 403(b), excluding after-tax employee
      contributions.

iii)  an eligible plan under Code Section 457(b) which is maintained by a state, political
      subdivision of a state, or any agency or instrumentality of a state or political subdivision of
      a state.

Participant Rollover Contributions from Other Plans

The Plan will accept a Participant contribution of an Eligible Rollover Distribution from:

i)    a qualified plan described in Code Section 401(a) or 403(a).

ii)   an annuity contract described in Code Section 403(b).

iii)  an eligible plan under Code Section 457(b) which is maintained by a state, political
      subdivision of a state, or any agency or instrumentality of a state or political subdivision of
      a state.

Participant Rollover Contributions from IRAs

The Plan will accept a Participant Rollover Contribution of the portion of a
distribution from an individual retirement account or individual retirement
annuity described in Code Section 408(a) or (b) that is eligible to be rolled
over and would otherwise be includible in gross income.

ROLLOVERS DISREGARDED IN INVOLUNTARY CASH-OUTS

Rollover Contributions will be included in determining the value of account
balances for involuntary distributions, unless otherwise specified below. (NOTE:
Can only select (a) if the Plan is not subject to the qualified joint and
survivor annuity requirements of Code Sections 401(a)(11) and 417.)

a) [x] Rollover Contributions are excluded in determining the value of the Participant's
       nonforfeitable balance for purposes of the Plan's involuntary cash-out rules for
       distributions made after September 30, 2004 (No earlier than December 31, 2001.)
       with respect to Participants who separated from service after September 30, 2004.
       (The date may be earlier than December 31, 2001.)

REPEAL OF MULTIPLE USE TEST

The multiple use, test described in Treasury Regulation section 1.401(m)-2 and
the EXCESS AMOUNTS Section shall not apply for Plan Years beginning after
December 31, 2001.

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DISTRIBUTION UPON SEVERANCE FROM EMPLOYMENT

Effective date. This section shall apply for distributions due to severance from
employment occurring after December 31, 2001 and distributions that are
processed after December 31, 2001 regardless of when the severance from
employment occurred.

New distributable event - Distribution Upon Severance From Employment. A
Participant’s Elective Deferral Contributions, Qualified Nonelective
Contributions, if any. Qualified Matching Contributions, if any, and earnings
attributable to these Contributions shall be distributed on account of the
Participant’s severance from employment. However, such a distribution shall be
subject to the other provisions of the Plan regarding distributions, other than
provisions that require a separation from service before such amounts may be
distributed.

MODIFICATION OF TOP-HEAVY RULES

Effective date. This section shall apply for purposes of determining whether the
Plan is a Top-heavy Plan for Plan Years beginning after December 31, 2001, and
whether the Plan satisfies the minimum benefits requirements of Code Section
4l6(c) for such years. This section amends the Top-heavy Plan Requirements
Article of the Plan.

Determination of top-heavy status.

Key Employee means any Employee or former Employee (and the Beneficiaries of
such Employee) who at any time during the determination period was:

a) an officer of the Employer if such individual's annual Compensation is more than
   $130,000 (as adjusted under Code Section 416(i)(1) for Plan Years beginning after
   December 31, 2002),

b) a 5-percent owner of the Employer, or

c) a 1-percent owner of the Employer who has annual Compensation of more than
   $150.000.

The determination period is the Plan Year containing the Determination Date.

The determination of who is a Key Employee shall be made according to Code
Section 416(i)(1) and the applicable regulations and other guidance of general
applicability issued thereunder.

Determination of present values and amounts. This section shall apply for
purposes of determining the present values of accrued benefits and the amounts
of account balances of Employees as of the Determination Date.

Distributions during year ending on the Determination Date. The present values
of accrued benefits and the amounts of account balances of an Employee as of the
Determination Date shall be increased by the distributions made with respect to
the Employee under the Plan and any plan aggregated with the Plan under Code
Section 416(g)(2) during the one-year period ending on the Determination Date.
The preceding sentence shall also apply to distributions under a terminated plan
which, had it not been terminated, would have been aggregated with the Plan
under Code Section 416(g)(2)(A)(i). In the case of a distribution made for a
reason other than separation from service, death, or disability, this provision
shall be applied by substituting “five-year period” for “one-year period.”

Employees not performing services during year ending on the Determination Date.
The accrued benefits and accounts of any individual who has not performed
services for the Employer during the one-year period ending on the Determination
Date shall not be taken into account.

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Minimum benefits.

Matching contributions. Employer matching contributions shall be taken into
account for purposes of satisfying the minimum contribution requirements of Code
Section 416(c)(2) and the Plan. The preceding sentence shall apply with respect
to Matching Contributions under the Plan or, if the Plan provides that the
minimum contribution requirement shall be met in another plan, such other plan.
Employer matching contributions that are used to satisfy the minimum
contribution requirements shall be treated as matching contributions for
purposes of the actual contribution percentage test and other requirements of
Code Section 401(m).

Contributions under other plans. The Employer may provide in the Plan that the
minimum benefit requirement shall be met in another plan (including another plan
that consists solely of a cash or deferred arrangement which meets the
requirements of Code Section 401(k)(12) and matching contributions with respect
to which the requirements of Code Section 401(m)(11) are met).

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Appendix B
THE 401(a)(9) FINAL AND TEMPORARY REGULATIONS

The following provisions reflect changes to the Plan as a result of the April
17, 2002 401(a)(9) final and temporary regulations. The plan’s existing minimum
distribution provisions are superseded to the extent they are inconsistent with
the provisions of this Appendix, but those provisions that are not inconsistent
(such as the plan’s definition of required beginning date] shall be retained.
These provisions are an integral part of the aforesaid Plan and are controlling
over the terms of said Plan with respect to the particular items addressed
expressly therein. All other provisions of the Plan remain unchanged and
controlling.

ARTICLE VII. MINIMUM DISTRIBUTION REQUIREMENTS.

Section 1. General Rules

1.1. Effective Date. The provisions of this article will apply for purposes of determining
     required minimum distributions for calendar years Beginning with the 2003 calendar
     year.

1.2. Coordination with Minimum Distribution Requirements Previously in Effect. This
     amendment is not effective until calendar years beginning with the 2003 calendar
     year, therefore, no coordination is required.

1.3. Precedence. The requirements of this article will take precedence over any
     inconsistent provisions of the plan.
1.4. Requirements of Treasury Regulations Incorporated. All distributions required under
     this article will be determined made in accordance with the Treasury regulations
     under section 401(a)(9) of the Internal Revenue Code.

1.5. TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this
     article, distributions may be made under a designation made before January 1, 1984,
     in accordance with section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act
     (TEFRA) and the provisions of the plan that relate to section 242(b)(2) of TEFRA.

Section 2. Time and Manner of Distribution.

2.1. Required Beginning Date. The participant's entire interest will be distributed, or begin
     to be distributed, to the participant no later than the participant's required beginning
     date.

2.2. Death of Participant Before Distributions Begin. If the participant dies before
     distributions begin, the participant's entire interest will be distributed, or begin to be
     distributed, no later than as follows:

     (a) If the participant's surviving spouse is the participant's sole designated
         Beneficiary, then distributions to the surviving spouse will begin by
         December 31 of the calendar year immediately following the calendar year in
         which the participant would have attained age 70 1/2 if later, except to the
         extent that an election is made to receive distributions in accordance with the
         5-year rule. Under the 5-year rule, the participant's entire interest will be
         distributed to the designated beneficiary by December 31 of the calendar
         year containing the fifth anniversary of the participant's death.

     (b) If the participant's surviving spouse is not the participant's sole designated
         beneficiary, then distributions will begin by December 31 of the calendar year
         immediately following the calendar year in which the Participant died, except
         to the extent that an election is made to receive distributions in accordance
         with the 5-year rule. Under the 5-year rule, the participant's entire interest
         will be distributed to the designated beneficiary by December of the calendar
         year containing the fifth anniversary of the participant's death.

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     (c) if there is no designated beneficiary as of September 30 of the year following
         the year of the participant's death, the participant's entire interest will be
         distributed by December 31 of the calendar year containing the fifth
         anniversary of the participant's death.

     (d) If the participant's surviving spouse is the participant's sole designated
         beneficiary and the surviving spouse dies after the participant but before
         distributions to the surviving spouse begin, this section 2.2, other than
         section 2.2(a), will apply as if the surviving spouse were the participant.

     For purposes of this section 2.2. and section 4, unless section 2.2(d) applies,
     distributions are considered to begin on the participant' required beginning date. If
     section 2.2(d) applies, distributions are considered to begin on the date distributions
     are required to begin to the surviving spouse under section 2.2(a). If distributions
     under an annuity purchased from an insurance company irrevocably commence to
     the participant before the participant's required beginning date (or to the participant's
     surviving spouse before the date distributions are required begin to the surviving
     spouse under section 2.2(a)), the date distributions are considered to begin is the
     date distributions actually commence.

2.3. Forms of Distribution, unless the participant's interest is distributed in the form of an
     annuity purchased from an insurance company or in a single sum on or before the
     required beginning date, as of the first distribution calendar year distributions will be
     made in accordance with sections 3 and 4 of this article. If the participant's interest is
     distributed in the form of an annuity purchased from an insurance company,
     distributions thereunder will be made in accordance with the requirements of section
     401(a)(9) of the Code and the Treasury regulations.

Section 3. Required Minimum Distributions During Participant's Lifetime.

3.1. Amount of Required Minimum Distribution For Each Distribution Calendar Year.
     During the participant's lifetime, the minimum amount that will distributed for each
     distribution calendar year is the lesser of:

     (a) the quotient obtained by dividing the participant's account balance by the
         distribution period in the Uniform Lifetime Table set forth in section
         1.401(a)(9)-9 of the Treasury regulations, using the participant's age as of
         the participant's birthday in the distribution calendar year; or

     (b) if the participant's sole designated beneficiary for the distribution calendar
         year is the participant's spouse, the quotient obtained by dividing the
         participant's account balance by the number in the Joint and Last Survivor
         Table set forth in section 1.401(a)(9)-9 of the Treasury regulations, using the
         participant's and spouse's attained ages as of the participant's and spouse's
         birthdays in the distribution calendar year.

3.2. Lifetime Required Minimum Distributions Continue Through Year of Participant's
     Death. Required minimum distributions will be determined under this section 3
     beginning with the first distribution calendar year and up to and including the
     distribution calendar year that includes the participant's date of death.

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Section 4. Required Minimum Distributions After Participant's Death.

4.1. Death On or After Date Distributions Begin.

     (a) Participant Survived by Designated Beneficiary. If participant dies on or after
         the date distributions begin there is a designated beneficiary, the minimum
         amount that will be distributed for each distribution calendar year after the
         year of the participant's death is the quotient obtained by dividing the
         participant's account balance by the longer of the remaining life expectancy
         of the participant or the remaining life expectancy of the participant's
         designated beneficiary, determined as follows:

         (1) The participant's remaining life expectancy is calculated using the
             age of the participant in the year of death, reduced by one for each
             subsequent year.

         (2) If the participant's surviving spouse is the participant's sole
             designated beneficiary, the remaining life expectancy of the
             surviving spouse is calculated for each distribution calendar year
             after the year of the participant's death using the surviving spouse's
             age as of the spouse's birthday in that year. For distribution
             calendar years after the year of the surviving spouse's death, the
             remaining life expectancy of the surviving spouse is calculated using
             the age of the surviving spouse as of the spouse's birthday in the
             calendar year of the spouse's death, reduced by one for each
             subsequent calendar year.

         (3) If the participant's surviving spouse is not the participant's sole
             designated beneficiary, the designated beneficiary's remaining life
             expectancy is calculated using the age of the beneficiary in the year
             following the year of the participant's death, reduced by one for each
             subsequent year.

      (b) No Designated Beneficiary, if the participant dies on or after the date
          distributions begin and there is no designated beneficiary as of September
          30 of the year after the year of the participant's death, the minimum amount
          that will be distributed for each distribution calendar year after the year of the
          participant's death is the quotient obtained by dividing the participant's
          account balance by the participant's remaining life expectancy calculated
          using the age of the participant in the year of death, reduced by one for each
          subsequent year.

4.2. Death Before Date Distributions Begin.

     (a) Participant Survived by Designated Beneficiary. If the participant dies before
         the date distributions begin and there is a designated beneficiary, the
         minimum amount that will be distributed for each distribution calendar year
         after the year of the participant's death is the quotient obtained by dividing
         the participant's account balance by the remaining life expectancy of the
         participant's designated beneficiary, determined as provided in section 4.1,
         except to the extent that an election is made to receive distributions in
         accordance with the 5-year rule. Under the 5-year rule, the participant's
         entire interest will be distributed to the designated beneficiary by December
         31 of the calendar year containing the fifth anniversary of the participant's
         death.

     (b) No Designated Beneficiary. If the participant dies before the date
         distributions begin and there is no designated beneficiary as of September
         30 of the year following the year of the participant's death, distribution of the
         participant's entire interest will be completed by December 31 of the
         calendar year containing the fifth anniversary of the participant's death.

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     (c) Death of surviving Spouse Before Distributions to Surviving Spouse Are
         Required to Begin. If the participant dies before the date distributions begin,
         the participant's surviving spouse is the participant's sole designated
         beneficiary, and the surviving spouse dies before the distributions are
         required to begin to the surviving spouse under section 2.2(a), this section
         4.2 will apply as if the surviving spouse were the participant.

Section 5. Definitions.

5.1. Designated beneficiary. The individual who is designated as the beneficiary under
     the BENEFICIARY SECTION of Article X of the plan and is the designated
     beneficiary under section 401(a)(9) of the Internal Revenue Code and section
     1.401(a)(9)-1, Q&A-4, of the Treasury regulations.

5.2. Distribution calendar year. A calendar year for which a minimum distribution is
     required. For distributions beginning before the participant's death, the first
     distribution calendar year is the calendar year immediately preceding the calendar
     year which contains the participant's required beginning date. For distributions
     beginning after the participant's death, the first distribution calendar year is the
     calendar year in which distributions are required to begin under section 2.2. The
     required minimum distribution for the participant's first distribution calendar year will
     be made on or before the participant's required beginning date. The required
     minimum distribution for other distribution calendar years, including the required
     minimum distribution for the distribution year in which the participant's required
     beginning date occurs, will be made on or before December 31 of that distribution
     calendar year.

5.3. Life expectancy. Life expectancy as computed by use of the Single Life Table in
     section 1.401(a)(9)-9 of the Treasury regulations.

5.4. Participant's account balance. The account balance as of the last valuation date in
     the calendar year immediately preceding the distribution calendar year (valuation
     calendar year) increased by the amount of any contributions made and allocated or
     forfeitures allocated to the account balance as of dates in the valuation calendar year
     after the valuation date and decreased by distributions made in the valuation year
     after the valuation date. The account balance for the valuation calendar year
     includes any amounts rolled over or transferred to the plan either in the valuation
     calendar year or in the distribution calendar year if distributed or transferred in the
     valuation calendar year.

5.5. Required beginning date. The date specified in the DEFINITIONS SECTION of
     Article VII of the plan.

Section 6. Election to Allow Participants or Beneficiaries to Elect 5-Year Rule.

     Participants or beneficiaries may elect on an individual basis whether the 5-year rule
     or the life expectancy rule in sections 2.2 and 4.2 of Article VII of the plan applies to
     distributions after the death of a participant who has a designated beneficiary. The
     election must be made no later than the earlier of September 30 of the calendar year
     in which distribution would be required to begin under section 2.2 of Article VII of the
     plan, or by September 30 of the calendar year which contains the fifth anniversary of
     the participant's (or, if applicable, surviving spouse's) death. If neither the participant
     nor beneficiary makes an election under this paragraph, distributions will be made in
     accordance with the life expectancy rule under sections 2.2 and 4.2 of Article VII of
     the plan.

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Section 7. Election to Allow Designated Beneficiary Distributions Under 5-Year Rule to Elect
Life Expectancy Distributions.

          A designated beneficiary who is receiving payments under the 5-year rule may make
          a new election to receive payments under the life expectancy rule until December 31,
          2003, provided that all amounts that would have been required to be distributed
          under the life expectancy rule for all distribution calendar years before 2004 are
          distributed by the earlier of December 31, 2003 or the end of the 5-year period.

Unless otherwise stated on any page of this amendment, eligibility for benefits and the
amount of any benefits payable to or on behalf of an individual who is an inactive Participant
on the effective date(s) stated above, shall be determined according to the provisions of the
aforesaid Plan as in effect on the day before he became an Inactive Participant.

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GOOD FAITH AMENDMENT TO COMPLY WITH CODE SECTION 401(a)(31)(B) AS AMENDED BY THE
ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 (EGTRRA)

This amendment of the Plan is adopted to reflect certain provisions of the
Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This
amendment is intended as good faith compliance with the requirements of EGTRRA
and is to be construed in accordance with EGTRRA and guidance issued thereunder.
This amendment shall be effective as of March 28, 2005. This amendment shall
continue to apply to the Plan, including the Plan as later amended, until such
provisions are integrated into the Plan or the good faith compliance EGTRRA
amendment provisions are specifically amended.

This amendment shall supersede any previous good faith compliance EGTRRA
amendment and the provisions of the Plan to the extent those provisions are
inconsistent with the provisions of this amendment.

Plan Name: MERCHANTS AND FARMERS BANK PROFIT AND SAVINGS PLAN

The Plan named above gives the Employer the right to amend it at any time.
According to that right, the Plan is amended as follows:

AUTOMATIC ROLLOVERS

In the event of a mandatory distribution greater than $1,000 in accordance with
the small amounts payment provisions of Article VI or the SMALL AMOUNTS SECTION
of Article X, if the Participant does not elect to have such distribution paid
directly to an Eligible Retirement Plan specified by the Participant in a Direct
Rollover or to receive the distribution directly in accordance with the DIRECT
ROLLOVERS SECTION of Article X, then the Plan Administrator will pay the
distribution in a Direct Rollover to an individual retirement plan designated by
the Plan Administrator. In the event of any other small amounts payment to a
Distributee in accordance with the small amounts payment provisions of Article
VI or the SMALL AMOUNTS SECTION of Article X, if the Distributee does not elect
to have such distribution paid directly to an Eligible Retirement Plan specified
by the Distributee in a Direct Rollover or to receive the distribution directly
in accordance with the DIRECT ROLLOVERS SECTION of Article X, then the Plan
Administrator will pay the distribution to the Distributee. Any distribution
pursuant to this provision shall be made in cash.

This amendment is made an integral part of the aforesaid Plan and is controlling
over the terms of said Plan with respect to the particular items addressed
expressly herein. All other provisions of the Plan remain unchanged and
controlling.

Signing this amendment, the Employer, as plan sponsor, has made the decision to
adopt this plan amendment. The Employer is acting in reliance on its own
discretion and on the legal and tax advice of its own advisors, and not that of
any member of the Principal Financial Group or any representative of a member
company of the Principal Financial Group.

Signed this ______________ day of _______________________________________, _______.

                                                   For the Employer

                                                   By
                                                      -----------------------------------

                                                      -----------------------------------
                                                                    Title

SAFO ESOP                                        1                                  4-51301