**Exhibit      10.4**

**KEYSTONE      CONSOLIDATED INDUSTRIES, INC.**

**MASTER      RETIREMENT TRUST II**

**(As      Amended and Restated Effective as of January 1, 2006)**

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**KEYSTONE      CONSOLIDATED INDUSTRIES, INC.**

**MASTER      RETIREMENT TRUST II**

**TABLE      OF CONTENTS**

|                                                                                                | **PAGE** |
|-----------------------------------------------------------------------------------------------------|----------|
| **SECTION                1** **GENERAL**                                                  | **2**    |
| 1.1 Definitions                                                                                | 2        |
| 1.2 Compliance                With Law                                                         | 2        |
|                                                                                                |     |
| **SECTION                2** **ESTABLISHMENT                OF MASTER TRUST**             | **3**    |
| 2.1 Appointment                and Acceptance of Master Trustee                                | 3        |
| 2.2 Master                Trustee Responsibilities                                             | 3        |
| 2.3 Contributions                                                                              | 3        |
| 2.4 Exclusive                Benefit                                                           | 3        |
| 2.5 Return                of Contributions                                                     | 3        |
| 2.6 Distributions                                                                              | 4        |
| 2.7 Commingling                                                                                | 4        |
| 2.8 Ancillary                Trusts                                                            | 5        |
|                                                                                                |     |
| **SECTION                3** **AUTHORITIES**                                              | **6**    |
| 3.1 Authorized                Parties                                                          | 6        |
| 3.2 Authorized                Instructions                                                     | 6        |
|                                                                                                |     |
| **SECTION                4** **POWERS                AND DUTIES**                         | **6**    |
| 4.1                 General                Powers and Duties of Master Trustee                 | 6        |
| 4.2                 Power                of Attorney                                           | 8        |
| 4.3 Contractual                Income and Settlement                                           | 8        |
|                                                                                                |     |
| **SECTION                5** **INVESTMENT                OF THE FUND**                    | **9**    |
| 5.1 Appointment                of Investment Managers                                          | 9        |
| 5.2 Directed                Powers of Master Trustee                                           | 9        |
| 5.3 Standard                of Care                                                            | 12       |
| 5.4 Force                Majeure                                                               | 12       |
| 5.5 Accounting                                                                                 | 12       |
|                                                                                                |     |
| **SECTION                6** **REPORTING                AND RECORDKEEPING**               | **13**   |
| 6.1 Review                of Reports                                                           | 13       |
| 6.2 Non-Fund                Assets                                                             | 13       |
|                                                                                                |     |
| **SECTION                7** **COMPENSATION,                EXPENSES, TAXES, INDEMNIFICATION** | **13**   |
| 7.1 Compensation                and Expenses                                                   | 13       |
| 7.2 Tax                Obligations                                                             | 14       |
| 7.3 Indemnification                                                                            | 14       |
| 7.4 Damages                                                                                    | 15       |
| 7.5 Compensation                and Expenses                                                   | 15       |

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|                                                                                              |   |
|---------------------------------------------------------------------------------------------------|--------|
| **SECTION                8** **AMENDMENT,                TERMINATION, RESIGNATION, REMOVAL** | **15** |
| 8.1 Amendment                                                                                | 15     |
| 8.2 Removal                or Resignation of Master Trustee                                  | 15     |
| 8.3 Plan                Termination                                                          | 15     |
| 8.4 Property                Not Transferred                                                  | 16     |
|                                                                                              |   |
| **SECTION                9** **PARTICIPATION                AND SEGREGATION**                | **16** |
| 9.1 Adoption                of Master Trust by Subsidiaries and Affiliates                   | 16     |
| 9.2 Segregation                from Further Participation                                    | 16     |
| 9.3 Loss                of Qualification                                                     | 17     |
|                                                                                              |   |
| **SECTION                10** **ADDITIONAL                PROVISIONS**                  | **17** |
| 10.1 Assignment                or Alienation                                                 | 17     |
| 10.2 Successors                and Assigns                                                   | 17     |
| 10.3 Governing                Law                                                            | 17     |
| 10.4 Necessary                Parties                                                        | 17     |
| 10.5 No                Third Party Beneficiaries                                             | 18     |
| 10.6 Representations                                                                         | 18     |
| 10.7 Execution                in Counterparts                                                | 18     |
| 10.8 Action                by the Company                                                    | 18     |
| 10.9 Provisions                to Comply With Revenue Ruling 81-100                          | 18     |

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**KEYSTONE      CONSOLIDATED INDUSTRIES, INC.**

**MASTER      RETIREMENT TRUST II**

**THIS      MASTER TRUST AGREEMENT**
**U.S.      BANK NATIONAL ASSOCIATION**

**WITNESSETH:**

**WHEREAS**

**WHEREAS**

**WHEREAS,      **

**WHEREAS**

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**WHEREAS**

**NOW,      THEREFORE**

**SECTION      1- GENERAL**

**1.1**
**Definitions**
**.**

**Agreement**

**Authorized      Instructions**

**Authorized      Party**

**Code**

**ERISA**

**Fund**

**Investment      Manager**

**Real      Estate**

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**Tax      Obligations**

**1.2**
**Compliance      With Law**

**SECTION      2 - ESTABLISHMENT OF MASTER TRUST**

**2.1**
**Appointment      and Acceptance of Master Trustee**
**.**
**U.S.      BANK NATIONAL ASSOCIATION**
**.**

**2.2**
**Master      Trustee Responsibilities**
**.      **

**2.3**
**Contributions**
**.**

**2.4**
**Exclusive      Benefit**
**.**

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**2.5**
**Return      of Contributions**
**.      **

**2.6**
**Distributions**
**.**

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**2.7**
**Commingling**

**2.8**
**Ancillary      Trusts**
**.**

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**SECTION      3 - AUTHORITIES**

**3.1**
**Authorized      Parties**
**.**

**3.2**
**Authorized      Instructions**
**.**

**SECTION      4 - POWERS AND DUTIES**

**4.1**
**General      Powers and Duties of Master Trustee**
**.      **

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**4.2**
**Power      of Attorney**

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**4.3**
**Contractual      Income and Settlement**

**SECTION      5 - INVESTMENT OF THE FUND**

**5.1**
**Appointment      of Investment Managers**
**.      **

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**5.2**
**Directed      Powers of Master Trustee**
**.      **

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**5.3**
**Standard      of Care**
**.**

**5.4**
**Force      Majeure**

**5.5**
**Accounting**
**.      **

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**SECTION      6 - REPORTING AND RECORDKEEPING**

**6.1**
**Review      of Reports**
**.**

**6.2**
**Non-Fund      Assets**
**.      **

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**SECTION      7 - COMPENSATION, EXPENSES, TAXES, INDEMNIFICATION**

**7.1**
**Compensation      and Expenses**
**.**

**7.2**
**Tax      Obligations**
**.      **

** **

**7.3**
**Indemnification**
**.**

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**7.4**
**Damages**

**7.5**
**Compensations      and Expenses**

**SECTION      8 - AMENDMENT, TERMINATION, RESIGNATION, REMOVAL**

**8.1**
**Amendment**
**.**

**8.2**
**Removal      or Resignation of Master Trustee**
**.**

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**8.3**
**Plan      Termination**
**.**

**8.4**
**Property      Not Transferred**
**.**

**SECTION      9 - PARTICIPATION AND SEGREGATION**

**9.1**
**Adoption      of Master Trust by Subsidiaries and Affiliates**
**.**

**9.2**
**Segregation      from Further Participation**

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**9.3**
**Loss      of Qualification.**

**SECTION      10 - ADDITIONAL PROVISIONS**

**10.1**
**Assignment      or Alienation**
**.**

**10.2**
**Successors      and Assigns**
**.**

**10.3**
**Governing      Law**
**.**

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**10.4**
**Necessary      Parties**
**.**
** **

**10.5**
**No      Third Party Beneficiaries**
**.**

**10.6**
**Representations**

**10.7**
**Execution      in Counterparts**
**.**

**10.8**
**Action      by the Company**
**.**

**10.9**
**Provisions      to Comply With Revenue Ruling 81-100**
**.**

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**IN      WITNESS WHEREOF**

| **Authorized                Officer of:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | **Authorized                Officer of:**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **KEYSTONE                CONSOLIDATED INDUSTRIES, INC.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | **U.S.                BANK NATIONAL ASSOCIATION**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| By:                /s/ David L.                Cheek                                                                                                            | By:                /s/ Ann                Roemer                                                                                                |
| Name: David                L.                Cheek                                                                                                                                                                                                                                                                                                                                                                                                 | Name: Ann                Roemer                                                                                                                                                                                                                                                                                                                                        |
| Title: President                &                CEO                                                                                                                                                                                                                                                                                                                                                                                                          | Title: Vice                President                                                                                                                                                                                                                                                                                                                                                  |
| Date: September                14,                2006                                                                                                                                                                                                                                                                                                                                                                                                                                | Date: October                18,                2006                                                                                                                                                                                                                                                                                                                                                      |

**Fiscal      Year of Master Trust**

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