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|   | 3. | Earnings      shall be credited to the Deferred Fee Account as follows: (NOTE: (a) and (b) below must add up      to 100%) |
|--------|----|----------------------------------------------------------------------------------------------------------------------------|

| (a)   | _____ None                                _____      25%                                _____ 50%                                _____      75%                             _____100% |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | _____ None                                   _____      25%                                 _____ 50%                                _____      75%                                   _____100% |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | in      the event that the Director shall be determined by a court of competent      jurisdiction to be incapable of managing his financial affairs, and if the      Company has actual notice of such determination, payment shall be made to      the Director’s personal representative(s);and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | in      the event of the Director’s death, on the thirtieth (30th)      day after the death of the Director, payment shall be made in a lump sum      (even if the Director had elected or commenced receiving installment      payments) to the last beneficiary designated by the Director for purposes      of receiving such payment in such event in a written notice delivered to      the Secretary of the Company; provided, that if such beneficiary has not      survived the Director, or no valid beneficiary designation is in effect,      payment shall instead be made to the Director’s  estate. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|