----

----

| (a) | General.  The      purpose of this Section 7.14 is to comply with the requirements of Code      §436.  Terms used in this Section 1.04 shall in all events be      defined and interpreted, to the extent not set forth herein, by reference      to Code §436 and regulations issued by the Secretary of Treasury      thereunder.  The application of the Code §436 limitations may be      avoided or terminated in accordance with any of the rules set forth in      Code §436 and Treas. Reg.§1.436-1(f). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Funding      Based Limitations on Unpredictable Contingent Event      Benefits.  If a participant is entitled to an      unpredictable contingent event benefit payable with respect to any event      occurring during any Plan Year, such benefit may not be provided if the      adjusted funding target attainment percentage for such Plan Year (i) is      less than 60 percent, or (ii) would be less than 60 percent taking into      account such occurrence.  This subsection (b) shall cease to      apply with respect to any Plan Year, effective as of the first day of the      Plan Year, upon payment by the Company of a contribution (in addition to      any minimum required contribution under Code §430) equal to (A) in the      case of clause (i), the amount of the increase in the funding target of      the Plan (under Code §430) for the Plan Year attributable to such      occurrence, and (B) in the case of clause (ii), the amount sufficient to      result in an adjusted funding target attainment percentage of 60      percent. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Limitations      on Amendments Increasing Liability for Benefits.  No      amendment which has the effect of increasing liabilities of the Plan by      reason of increases in benefits, establishment of new benefits, changing      the rate of benefit accrual, or changing the rate at which benefits become      nonforfeitable may take effect during any Plan Year if the adjusted      funding target attainment percentage for such Plan Year (i) is less than      60 percent, or (ii) would be less than 60 percent taking into account such      occurrence.  This subsection (c) shall cease to apply with      respect to any Plan Year, effective as of the first day of the Plan Year      (or if later, the effective date of the amendment), upon payment by the      Plan sponsor of a contribution (in addition to any minimum required      contribution under Code §430) equal to (A) in the case of clause (i),      the amount of the increase in the funding target of the Plan (under Code      §430) for the Plan Year attributable to the amendment, and (B) in the case      of clause (ii), the amount sufficient to result in an adjusted funding      target attainment percentage of 80 percent.  This subsection (c)      shall not apply to any amendment which provides for an increase in      benefits under a formula which is not based on a participant's      compensation, but only if the rate of such increase is not in excess of      the contemporaneous rate of increase in average wages of participants      covered by the amendment. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | Limitations      on Accelerated BenefitDistributions. |
|-----|-------------------------------------------------------|

|   | (1) | In      any case in which the Plan's adjusted funding target attainment percentage      for a Plan Year is less than 60 percent, the Plan may not pay any      prohibited payment after the valuation date for the Plan    Year. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | During      any period in which the Company is a debtor in a case under title 11,      United States Code, or similar Federal or State law, the Plan may not pay      any prohibited payment.  The preceding sentence shall not apply      on or after the date on which the enrolled actuary of the Plan certifies      that the adjusted funding target attainment percentage of the Plan is not      less than 100 percent. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | In      any case in which the Plan's adjusted funding target attainment percentage      for a Plan Year is 60 percent or greater but less than 80 percent, the      Plan may not pay any prohibited payment after the valuation date for the      Plan Year to the extent the amount of the payment exceeds the lesser of      (i) 50 percent of the amount of the payment which could be made without      regard to this section, or (ii) the present value (determined under      guidance prescribed by the Pension Benefit Guaranty Corporation, using the      interest and mortality assumptions under Code §417(e)) of the maximum      guarantee with respect to the participant under section 4022 of the      Employee Retirement Income Security Act of 1974.  Only 1      prohibited payment meeting the requirements of this paragraph      (3)  may be made with respect to any participant during any      period of consecutive Plan Years to which the limitations under either      paragraph (1) or (2) or this paragraph applies.   For      purposes of this paragraph (3), a participant and any beneficiary on his      behalf (including an alternate payee, as defined in Code §414(p)(8)) shall      be treated as 1 participant.  If the accrued benefit of a      participant is allocated to such an alternate payee and 1 or more other      persons, the amount under this paragraph (3) shall be allocated among such      persons in the same manner as the accrued benefit is allocated unless the      qualified domestic relations order (as defined in Code §414(p)(1)(A))      provides otherwise. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | Limitation      on Benefit Accruals (Severe Funding Shortfall).  In any      case in which the Plan's adjusted funding target attainment percentage for      a Plan Year is less than 60 percent, benefit accruals under the Plan shall      cease as of the valuation date for the Plan Year.  This      subsection (e) shall cease to apply with respect to any Plan Year,      effective as of the first day of the Plan Year, upon payment by the      Company of a contribution (in addition to any minimum required      contribution under Code §430) equal to the amount sufficient to result in      an adjusted funding target attainment percentage of 60      percent. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Benefit Payments in      Event of Funding-Based Limitations.  If an optional form      of benefit that is otherwise available under the terms of the Plan is not      available to a participant as of the annuity starting date because of the      application of Treas. Reg. §1.436-1(d)(3)(i), then the affected      participant or beneficiary may elect to:  (1) receive the      unrestricted portion of that optional form of benefit (determined under      the rules of Treas. Reg. §1.436-1(d)(3)(iii)(D)) at that annuity starting      date, determined by treating the unrestricted portion of the benefit as if      it were the participant's or beneficiary's entire benefit under the Plan;      (2) commence benefits with respect to the participant's or beneficiary's      entire benefit under the Plan in any other optional form of benefit      available under the Plan at the same annuity starting date that satisfies      Treas. Reg. §1.436-1(d)(3)(i); or (3) defer commencement of the payments      to the extent described in Treas. Reg.  §1.436-1(d)(5). |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | In      the case of a death or disability occurring on or after January 1, 2007,      if a participant dies while performing qualified military service (as      defined in Code Section 414(u)), the survivors of the participant are      entitled to any additional benefits (other than benefit accruals relating      to the period of qualified military service) provided under the Plan as if      the participant had resumed and then terminated employment on account of      death. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | For      years beginning after December 31, 2008, (i) an individual receiving a      differential wage payment, as defined by Code Section 3401(h)(2), shall be      treated as an employee of the Company, (ii) the differential wage payment      shall be treated as compensation, and (iii) the Plan shall not be treated      as failing to meet the requirements of any provision described in Code      Section 414(u)(1)(C) by reason of any contribution or benefit which is      based on the differential wagepayment. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | A      married Participant may elect to receive a Retirement Pension payable in      the optional form described in Section 7.05 instead of a Qualified Joint      and Surviving Spouse Annuity. The benefits payable under such optional      form will be reduced in accordance with Section 1.02 or 1.03 of Appendix A      (whichever applies) so as to be the Actuarial Equivalent of the benefits      otherwise payable in the normal form described in Section      7.01. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Except      as modified under Section 7.02, any election of an optional form of      payment described in Section 7.05 must be in writing on a form prescribed      by the Plan Administrator and shall become effective on the later of the      Participant’s Pension Commencement Date and thirty (30) days following his      receipt of the notice described in Section 7.02, and may be revoked at any      time prior to the Pension CommencementDate. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | The      75% or 100% surviving spouse option will provide a reduced monthly amount      of Retirement Pension for the lifetime of the Participant and, at the time      of the Participant’s death, for the continuance of 75% or 100% of such      reduced monthly amount to the Participant’s Spouse, to be paid for the      remainder of the Spouse’s lifetime, provided that such Spouse was married      to the Participant on his Pension Commencement  Date. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | With      respect to the 100% Surviving Spouse Option, if a Participant other than      (1) a Participant who has provided the Plan Administrator with a      certificate of good health as of such Participant’s Pension Commencement      Date, by a doctor satisfactory to the Plan Administrator, or (2) a      Participant who dies of accidental causes, dies within three (3) years      after his Pension Commencement Date, such election shall be null and void      as to any Beneficiary or the Participant’s estate and the Participant’s      Spouse (if any) shall receive the benefit that would have been payable to      the survivor under the Qualified Joint and Surviving Spouse Annuity form      had no election been madehereunder. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | If      the Participant’s Spouse dies before his Pension Commencement Date, the      Participant’s election of this option shall be null and void. If the      Spouse dies before the Participant but after the Participant’s Pension      Commencement Date no benefits will be payable under this option upon the      death of the Participant, but the Participant’s Retirement Pension shall      continue to be payable to him during his life in the reduced amount      provided under the option. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.05 | Small      Benefits. |
|------|----------------------|

| (a) | Effective      date.  Except as      provided by the Pension Benefit Guaranty Corporation (PBGC) and IRS, the      limitations of this Section 1.05 shall first apply in determining the      amount payable to a Participant having an annuity starting date in a Plan      Year beginning on or after January 1,2008. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Applicable      interest rate.  For purposes of the Plan's provisions      relating to the calculation of the present value of a benefit payment that      is subject to Code Section 417(e), as well as any other Plan provision      referring directly or indirectly to the "applicable interest rate" or      "applicable mortality table" used for purposes of Code Section 417(e), any      provision prescribing the use of the annual rate of interest on 30-year      U.S. Treasury securities shall be implemented by instead using the rate of      interest determined by applicable interest rate described by Code Section      417(e) after its amendment by PPA.  Specifically, the applicable      interest rate shall be the adjusted first, second, and third segment rates      applied under the rules similar to the rules of Code Section 430(h)(2)(C)      for the calendar month (lookback month) before the first day of the Plan      Year in which the annuity starting date occurs (stability      period).  For this purpose, the first, second, and third segment      rates are the first, second, and third segment rates which would be      determined under Code Section 430(h)(2)(C) if:  (1) Code      §430(h)(2)(D) were applied by substituting the average yields for the      month described in the preceding paragraph for the average yields for the      24-month period described in such section; (2) Code §430(h)(2)(G)(i)(II)      were applied by substituting "Section 417(e)(3)(A)(ii)(II) for "Section      412(b)(5)(B)(ii)(II);" and (3) the applicable percentage under Code      §430(h)(2)(G) is treated as being 20% in 2008, 40% in 2009, 60% in 2010,      and 80% in 2011. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Applicable      mortality assumption.  For purposes of the Plan's      provisions relating to the calculation of the present value of a benefit      payment that is subject to Code §417(e), as well as any other Plan      provision referring directly or indirectly to the "applicable interest      rate," any provision directly or indirectly prescribing the use of the      mortality table described in Revenue Ruling 2001-62 shall be amended to      prescribe the use of the applicable annual mortality table within the      meaning of Code §417(e)(3)(B), as initially described in Revenue Ruling      2007-67. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  /s/ Mark R.Richards   |
|--------|-----------------------------|
|   |  Mark R.      Richards |
|   |                        |
|   |  /s/ Thomas J.Ferree   |
|   |  Thomas J.      Ferree |
|   |                        |
|   |  /s/ Kerry S. Arent    |
|   |  Kerry S.      Arent   |
|   |                        |
|   |                        |
|   |                        |

----

|   | (a) | The      Company may, by action of its Board of Directors (or its delegate), amend      the Plan in whole or in part, at any time or from time to      time. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  /s/ Mark R.Richards   |
|--------|-----------------------------|
|   |  Mark R.      Richards |
|   |                        |
|   |  /s/ Thomas J.Ferree   |
|   |  Thomas J.      Ferree |
|   |                        |
|   |  /s/ Kerry S. Arent    |
|   |  Kerry S.      Arent   |
|   |                        |
|   |                        |
|   |                        |

----

| 9.01.   | Appointment of Benefit      Finance Committee. |
|-------------------|------------------------------------------------|

| (a)   | There      is hereby created a Benefit Finance Committee (“Committee”), which shall      consist of not less than three members.  The members of the      Committee shall be appointed by the Board of Directors of Appleton Papers      Inc.  Each member of the Committee may resign, or may be removed      at any time by the Board of Directors (with or without cause), and, in the      event of the removal, death or resignation of any member, his/her      successor shall be appointed by the Board of Directors.  In the      event that a vacancy or vacancies shall occur on a Committee, the      remaining member or members shall act as the Committee until the Board of      Directors fills such vacancy or vacancies. The members of the Committee      shall serve without compensation for their services as such      members. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | No      person shall be ineligible to be a member of the Committee because he/she      is, was or may become entitled to benefits under the Plan or because      he/she is a director and/or officer of the Company or any Affiliate;      provided, that no member of the Committee shall participate in any      determination by the Committee relating specifically to his/her own      benefits under the Plan. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | The      members of the Committee shall serve without bond except to the extent      required by applicable law. |
|-----------------|------------------------------------------------------------------------------------------------------------------|

| (d)   | A      majority of the members of the Committee at the time in office shall      constitute a quorum for the transaction of business.  The      Committee shall select from among its members a Chair, and shall appoint      (from its members or otherwise) a Secretary.  The Committee may      act by vote or consent of the majority of its members then in office and      may establish its own procedures.  The Committee may authorize      any one or more of its members or the Secretary of the Committee to sign      and deliver any instrument, certificate or other paper or document on its      behalf. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.02.   | Named      Fiduciaries. |
|-------------------|-------------------------|

| (a)   | The      named fiduciaries under the Plan shallbe: |
|-----------------|----------------------------------------------------|

| (1)   | the      individual holding the office of Vice-President of Human Resources, or      such other individual as may be appointed as such by the Board of      Directors of Appleton Papers Inc. (the “Administrative Named Fiduciary”),      which shall have authority to control and manage the operation and      administration of the Plan, except with respect to those matters which      under the Plan or the Trust Agreement are the responsibility, or subject      to the authority, of the Benefit Finance Committee,  and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | the      Benefit Finance Committee, which shall have authority with respect to the      financial management of the Plan and the control or management of the      assets of the Plan, except with respect to those matters which under the      Plan or the Trust Agreement are the responsibility, or subject to the      authority, of the PlanAdministrator. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.03.   | Allocation of      Fiduciary and OtherResponsibilities. |
|-------------------|---------------------------------------------------------|

| (a)   | Each      Named Fiduciary shall have theright: |
|-----------------|------------------------------------------------|

| (1)   | to      allocate responsibilities (fiduciary or otherwise) among it and the other      Named Fiduciary; |
|-----------------|---------------------------------------------------------------------------------------------------------|

| (2)   | to      designate individual members of the Named Fiduciary to carry out      responsibilities (fiduciary or otherwise) under the Plan;    and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | to      designate persons other than such Named Fiduciary to carry out      responsibilities (fiduciary or otherwise) under the  Plan. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------|

| 9.04.   | Service in Multiple      Capacities.  Any person or group of persons may serve in      more than one fiduciary capacity with respect to the  Plan. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.05.   | Powers and      Authority. |
|-------------------|----------------------------|

| (a)   | Each      Named Fiduciary shall have all powers necessary or helpful for the      carrying out of its responsibilities (and shall have discretion with      respect to such powers), and the decisions or actions of such Named      Fiduciary in good faith in respect of any matter hereunder shall be      conclusive and binding upon all parties  concerned. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Without      limiting the generality of subsection (a) above, the Administrative Named      Fiduciary shall be the Plan Administrator for purposes of ERISA and shall      have the power (and shall have discretion with respect to such      power): |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | to      make rules and regulations for the administration of the Plan which are      not inconsistent with the terms and provisions of the  Plan; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | to      construe all terms, provisions, conditions and limitations of the      Plan; |
|-----------------|--------------------------------------------------------------------------------------|

| (3)   | to      determine all questions arising out of or in connection with the      provisions of the Plan or its administration in any and all cases in which      the Administrative Named Fiduciary deems such a determination advisable;      and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | to      establish and communicate to employees a claims procedure in accordance      with applicable law, which shall afford a reasonable opportunity to any      Participant whose claim for benefits has been denied for a full and fair      review of the decision denying suchclaim. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Without      limiting the generality of subsection (a) above, the Benefit Finance      Committee shall have the power: |
|-----------------|------------------------------------------------------------------------------------------------------------------------|

| (1)   | to      carry out, or cause to be carried out, the funding policy established by      Appleton Papers Inc. for purposes of thePlan; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | to      establish and carry out, or cause to be established and carried out by      those persons (including without limitation, any investment manager or      trustee) to whom responsibility or authority therefor has been allocated      or delegated in accordance with this Plan or the Trust Agreement, funding      and investment policies and methods consistent with the objectives of the      Plan and the requirements of ERISA. For such purposes, such Committee      shall, at a meeting duly called for the purpose, establish funding and      investment policies and methods which satisfy the requirements of ERISA,      and shall meet at least annually to review such policies and      methods.  All actions taken with respect to such policies and      methods and the reasons therefor shall be recorded in the minutes of the      meetings of such Committee; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | to      appoint a trustee or trustees to hold the assets of the Plan, and who,      upon acceptance of being appointed, shall have authority and discretion to      manage and control the assets of the Plan, except to the extent that the      authority to manage, acquire or dispose of assets of the Plan is delegated      to one or more investment managers pursuant to Paragraph (4)      below; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | to      appoint an investment manager or managers, as defined in ERISA, to manage      (including the power to acquire, invest and dispose of) any assets of the      Plan; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | to      establish and carry out an actuarial policy, and for such purpose to      appoint an actuary to advise it on funding and other requirements and      whose duties shall include making periodic actuarial valuations;      and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6)   | unless      otherwise provided in the Plan, the Trust Agreement, or by applicable law,      to adopt such actuarial cost methods, asset valuation methods, and      assumptions to be used under the Plan as such Committee, upon advice of      the actuary and its counsel, shall deem  reasonable. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | The      foregoing list of powers is not intended to be either complete or      exclusive, and each Named Fiduciary shall, in addition, have such powers      as it may determine to be necessary for the performance of its duties      under the Plan and the TrustAgreement. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.06.   | Advisors.  Each      Named Fiduciary, and any fiduciary designated by a Named Fiduciary      pursuant to Section 9.03(a)(3) above to whom such power is granted by a      Named Fiduciary, may employ one or more persons to render advice with      regard to any responsibility such Named Fiduciary or fiduciary has under      the Plan. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.07.   | Limitation of      Liability; Indemnity. |
|-------------------|------------------------------------------|

| (a)   | Except      to the extent otherwise provided by law, if any duty or responsibility of      a Named Fiduciary has been allocated or delegated to any other person in      accordance with any provision of this Plan or of the Trust Agreement, then      such Named Fiduciary shall not be liable for any act or omission of such      person in carrying out such duty or  responsibility. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The      Company shall indemnify and save each person who is a Named Fiduciary or a      member of a Named Fiduciary and each employee or director of the Company      or an Affiliate who is “fiduciary” under the Plan, harmless against any      and all loss, liability, claim, damage, cost and expense which may arise      by reason of, or be based upon, any matter connected with or related to      the Plan or the administration of the Plan (including, but not limited to,      any and all expenses whatsoever reasonably incurred in investigating,      preparing or defending against any litigation, commenced or threatened, or      in settlement of any such claim whatsoever) to the fullest extent      permitted under applicable law, except when same is judicially determined      to be due to the gross negligence or willful misconduct of such member,      employee or director. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.08.   | Expenses.  Ordinary      and necessary expenses incurred in connection with the establishment or      termination of the Plan may be paid from the Trust Fund to the extent      allowed under Section 403(c)(1) of ERISA.  Ordinary and      necessary expenses incurred for any Plan Year in connection with      administering the Plan (including the cost of any bond required under      Section 412 of ERISA), other than establishment or termination expenses,      may be paid from the Trust Fund.  To the extent expenses      incurred in establishing, administering or terminating the Plan are not      paid from the Trust Fund they shall be paid by the  Company. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|