Document:

Supplemental SBP

  
 EXHIBIT 10.37

  
 EARLE M. JORGENSEN 
  
 SUPPLEMENTAL SBP 
  
 Effective as of March 31, 2006 
  

					
	 SECTION 1.
	 	NATURE OF THE PLAN	  	1
			
	 SECTION 2.
	 	DEFINITIONS	  	1
			
	 SECTION 3.
	 	PARTICIPATION	  	2
			
	 SECTION 4.
	 	FUNDING	  	2
			
	 SECTION 5.
	 	PARTICIPANTS’ ACCOUNTS	  	2
			
	 SECTION 6.
	 	VESTING AND FORFEITURES	  	3
			
	 SECTION 7.
	 	PAYMENT OF BENEFITS	  	3
			
	 SECTION 8.
	 	ADMINISTRATION	  	4
			
	 SECTION 9.
	 	CLAIMS PROCEDURE	  	4
			
	 SECTION 10.
	 	LIMITATION ON PARTICIPANT’S RIGHTS	  	4
			
	 SECTION 11.
	 	FUTURE OF THE PLAN	  	5
			
	 SECTION 12.
	 	GOVERNING LAW	  	5
			
	 SECTION 13.
	 	MISCELLANEOUS PROVISIONS	  	5
			
	 SECTION 14.
	 	EXECUTION	  	6

  

 1 

  
 EARLE M. JORGENSEN

  
 SUPPLEMENTAL SBP 
  
 Section 1. Nature of the Plan. 
  
 The Plan is intended to supplement certain benefits payable to certain
Participants in the Earle M. Jorgensen Stock Bonus Plan (“SBP”). This Plan constitutes two separate plans: (i) with respect to Highly Compensated Participants, the Plan constitutes an unfunded plan maintained primarily for the purpose of
providing deferred compensation for a select group of management or highly compensated employees (within the meaning of Sections 201(2), 301(a)(3) and 401(d)(l) of ERISA) and (ii) with respect to all other Participants, the Plan constitutes an
unfunded excess benefit plan (within the meaning of Section 3(36) of ERISA). The Plan is hereby adopted as of the Relevant Date, but is not effective until March 31, 2006. 
  
 Section 2. Definitions. 
  
 In this Plan, whenever the context so indicates, the singular or plural number and the masculine, feminine or neuter gender shall be deemed to include the
other and the terms “he,” “his” and “him” shall refer to a Participant. Unless otherwise indicated, section references shall be to this Plan and all words and phrases defined in Sections 2 and 4A of the SBP shall have
the meaning under this Plan. Where the following words and phrases appear hereafter in this Plan, they have the meanings indicated below. As used in the Plan, the following capitalized terms have the meanings set forth below, unless a different
meaning is plainly required by the context: 
  

			
	Account	  	The bookkeeping account maintained to record a Participant’s interest in the Plan. These accounts are unfunded bookkeeping accounts that are credited with Units
		
	Beneficiary	  	The person (or persons) entitled to receive any benefit under the Program in the event of a Participant’s death. . See Section 7.
		
	Committee	  	The Benefits Committee described in the SBP. Such Benefits Committee shall also administer the Plan.
		
	Common Stock	  	Common stock of the Company or its successor
		
	Participant	  	An SBP Participant who has an Account under this Plan and who has not yet received a complete distribution of his Plan Benefit.
		
	Plan	  	The Earle M. Jorgensen Supplemental SBP as set forth herein, and as it may be amended from time to time.

  

 1 

			
	Plan Benefit	  	A Participant’s vested, nonforfeitable interest in his Account under the Plan.
		
	SBP	  	The Earle M. Jorgensen Stock Bonus Plan, as it may be amended from time to time, and any successor plan thereof.
		
	SBP Participant	  	Any participant under the SBP.
		
	Unit	  	A bookkeeping entry that serves as a unit of measurement relative to a share of Common Stock for purposes of determining the payment of a benefit under this Plan.

  
 Section 3. Participation.

  
 The only Participants in this Plan are SBP Participants who
meet all of the following conditions: (1) they are Applicable Participants, (2) they are Employees on April 1, 2005, and (3) they are entitled to the Supplemental SBP Allocation (expressed as a number of units) pursuant to Section 4A(f) of the SBP.
See Section 4A of the SBP for a description of such Participants. Such persons described shall become Participants under this Plan on March 31, 2006. 
  
 Section 4. Funding. 
  
 The Employer shall make no contributions to the Program. When a Participant (or Beneficiary) is entitled to a distribution under Section 7, the Employer
will pay to him the amount which is due to be paid for such distribution. The Plan shall at all times be unfunded within the meaning of ERISA and the Code. 
  
 Section 5. Participants’ Accounts. 
  
 (a) Establishment of Account – The accounting records relating to the Plan shall contain an Account to reflect the Units allocated to each
Participant in the Plan. 
  
 (b) Allocations to Accounts
– 
  

	 	(1)	Initial Credit. On March 31, 2006, each Participant’s Account shall be credited with that number of Units equal to the Participant’s Supplemental SBP Allocation
(expressed as a number of units) pursuant to Section 4A(f) of the SBP. 

  

	 	(2)	 Dividends. If cash dividends are paid on shares of Company Stock, the Participant’s Account shall be credited with a number of Units (including
fractional Units) with a Fair Market Value, determined as of the Allocation Date coinciding with or next preceding the date the dividend is paid, which would equal the amount of such cash dividends that would have been payable on the number of
shares of Units credited to the 

  

 2 

	 	 
Participant’s Account on the record date for receipt of such dividend had the Units been Common Stock. 

  

	 	(3)	Adjustments. If the outstanding shares of the Company Stock are increased, decreased or changed into, or exchanged for, a different number or kind of shares or securities of
the Company through a reorganization or merger in which the Company is the surviving entity, or through a combination, recapitalization, reclassification, stock split, stock dividend, stock consolidation or otherwise, an appropriate adjustment shall
be made in the number and kind of Units that are credited to each Participant’s Account under the Plan. 

  
 (c) Annual Statement – Following each Allocation Date, each Participant shall be furnished with a statement reflecting the following
information: 
  

	 	(1)	The balance (if any) in his Account as of the beginning of the Plan Year. 

  

	 	(2)	The adjustments to his Account to reflect his share of dividends (if any) on Common Stock. 

  

	 	(3)	The new balance in his Account, including the Fair Market Value of Common Stock as of that Allocation Date. 

  

	 	(4)	His vested percentage in his Account balance (under Section 6) as of that Allocation Date. 

  
 (d) No Duplication of Benefits. Notwithstanding any provision of this Plan to the contrary, no credits shall be made
to this Plan which are duplicative of contributions required to be made pursuant to the SBP or cash payments made by the Company or Employer directly to an Applicable Participant. 
  
 Section 6. Vesting and Forfeitures. 
  
 A Participant shall vest in his Account in accordance with the schedule and provisions set out in Section 10 of the SBP. If a Participant’s Service
terminates during a Plan Year for any reason other than his Retirement, Disability or death, then any portion of the amount recorded in his Account which is not vested shall be forfeited (and restored upon his reemployment, if applicable) in
accordance with the provisions of Section 10 of the SBP. Forfeitures shall not be reallocated to other Participants. 
  
 Section 7. Payment of Benefits. 
  
 (a) Time and Form of Payment – Each Participant shall be entitled to begin receiving his Plan Benefit following his termination of Service.
The timing of the distribution shall be governed by the provisions of Section 12 of the SBP. All distributions under this Program shall be in cash. If there is a class of Common Stock that is publicly traded, however, the Board of Directors has the
discretion to determine that all or a portion of a Participant’s benefit will be 

  

 3 

 
distributed to him in the form of such shares of Common Stock, subject to compliance with applicable Federal and state securities laws. 
  
 (b) Amount of Benefits Distributed – The amount of the Plan
Benefit paid to the Participant shall be determined by the Fair Market Value of the shares of Common Stock recorded in his Account as of the Allocation Date next preceding the date of distribution. 
  
 (c) Distribution to Beneficiary – In the event a Participant dies
before his Plan Benefit has been fully distributed to him, his remaining Plan Benefit will be distributed to his Beneficiary in the manner described in Section 14(b) of the SBP. In the event of a Participant’s death, his Beneficiary shall be
the first surviving class of the following classes of successive preference Beneficiaries: (1) his surviving spouse, (2) his surviving children, (3) his surviving parents, (4) his surviving brothers and sisters, or (5) his estate. A Participant
(without the consent of his spouse, if any) may designate a different Beneficiary or Beneficiaries from time to time by filing a written designation with the Committee. 
  
 (d) Withholding Income Taxation – The Employer may withhold from any distribution the amount of all applicable
Federal and state taxes. 
  
 (e) No Loans or In-service
Payments – No Participant shall be allowed to borrow from the Plan. No withdrawal or payment of benefits shall be allowed before a Participant terminates Service. A Participant may not direct the investment of his Account, even if the
Participant is permitted to diversify his account under the SBP pursuant to the SBP. 
  
 Section 8. Administration. 
  
 The Plan shall be
administered by the same Benefits Committee that is described in the SBP. The Committee shall have the power to construe and interpret the Plan and adopt rules for its administration. The Company shall indemnify the Committee and each Committee
member against any to the same extent as set forth in the SBP. 
  
 Section 9.
Claims Procedure 
  
 The claims procedure set forth in the
SBP is incorporated herein by reference. 
  
 Section 10. Limitation on
Participant’s Rights. 
  
 (a) Non-Guarantee of
Employment – The adoption and maintenance of the Plan shall not be deemed to constitute a contract of employment or otherwise between the Employer (or any subsidiary of the Employer) and any Participant, or to be a consideration for, or an
inducement or condition of, any employment. Nothing contained in this Plan shall be deemed to give a Participant the right to be retained in the Service of the Employer (or any subsidiary of the Employer) or to interfere with the right of the
Employer (or any subsidiary of the Employer) to discharge, with or without cause, any Participant at any time. 
  
 (b) No Assignment of Benefits – A Participant’s interest in his Account may not be anticipated, assigned (either at law or in equity),
alienated or subject to attachment, garnishment, 

  

 4 

 
levy, execution or other legal or equitable process; provided, however, that a Participant may designate one or more Beneficiaries as provided in Section
7(c). 
  
 (c) No Right to Company Stock – No
Participant shall have any right to receive the shares of Company Stock with respect to the Units recorded in his Account. Except to the extent expressly provided herein, no Participant shall be entitled to any voting rights or any other rights of a
shareholder with respect to such shares. 
  
 Section 11. Future of the
Plan. 
  
 The Company reserves the right to amend or terminate
the Plan (in whole or in part) at any time, by action of the Board of Directors. Neither amendment nor termination of the Program shall materially adversely affect the benefits of a Participant hereunder without his written consent. 
  
 If the SBP is terminated or contributions thereto discontinued, the Accounts
of the Participants under this Plan shall become fully vested to the extent such Participants would have become fully vested under the SBP, and all adjustments pursuant to Section 5 all be made at such time. 
  
 Section 12. Governing Law. 
  
 Except to the extent governed by federal law, the provisions of this Plan
shall be construed and interpreted in accordance with the laws of the State of California. 
  
 Section 13. Miscellaneous Provisions. 
  
 (a) Source of Payments – The Plan shall not be funded and all payments hereunder to Participants or Beneficiaries shall be paid from the general assets of each Employer. No Employer shall, by virtue of any
provisions of the Plan or by any action of any person, be deemed to be a trustee or other fiduciary of any property for any Participant or Beneficiary, and the liabilities of each Employer to any Participant or Beneficiary pursuant to the Plan shall
be those of a debtor pursuant only to such contractual obligations as are created by the Plan; no such obligation of a Employer shall be deemed to be secured by any pledge or other encumbrance on any property of such Employer. To the extent that any
Participant or Beneficiary acquires a right to receive payment from an Employer under the Plan, such right shall be no greater than the right of an unsecured general creditor of the Employer. 
  
 It is the intention of the Employers that this Plan be considered unfunded
for purposes of the Code and Title I of ERISA. 
  
 (b) This Plan
and the issuance or transfer of shares of Company Stock (and/or the payment of money) pursuant thereto are subject to all applicable Federal and state laws, rules and regulations, to the rights, preferences, limitations, and restrictions set forth
in the Company’s Certificate of Incorporation and Bylaws, and to such approvals by any regulatory or governmental agency (including without limitation “no action” positions of the Securities and Exchange Commission) which may, in the
opinion of counsel for the Company, be necessary or advisable in connection therewith. Without limiting the generality of the foregoing, no shares 

  

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shall be issued by the Company, nor cash payments made by the Company, unless and until all legal requirements applicable to the issuance or payment have, in
the opinion of counsel to the Company, been complied with. In connection with any stock issuance or transfer, the person acquiring the shares shall, if requested by the Company, give assurances satisfactory to counsel to the Company in respect to
such matters as the Company may deem desirable to assure compliance with all applicable legal requirements and the Company’s Certificate of Incorporation and Bylaws. 
  
 Section 14. Execution. 
  
 To record the adoption of this Plan, the Company and the Employer have caused it to be executed on this 17th day of December, 2004.

  

									
	 EARLE M. JORGENSEN HOLDING
 COMPANY, INC.
	 	 	 	 EARLE M. JORGENSEN COMPANY

					
	By	 	 	 	 	 	By	 	 
	 	 	President	 	 	 	 	 	President
					
	By	 	 	 	 	 	By	 	 
	 	 	Secretary	 	 	 	 	 	Secretary

  

 6Amended Consent Order and Release

 EXHIBIT 10.38 
  
 MICHAEL SCHLOSS 
 California Bar No. 134124 
 Senior Trial Attorney 
 W. IRIS BARBER 
 Senior Trial Attorney 
 U.S. Department of Labor 
 Office of the Solicitor 
 Plan Benefits Security Division 
 P.O. Box 1914 
 Washington, DC 20013 
 Telephone: (202) 693-5600 
 Facsimile: (202) 693-5610 
  
 DANIEL CHASEK 
 California Bar No. 186968 
 Trial Attorney 
 U.S. Department of Labor 
 Office of the Solicitor 
 World Trade Center, Suite 370 
 Los Angeles, CA 90071 
 Telephone: (213) 894-4980 
 Facsimile: (213) 894-2065 
 COUNSEL FOR THE SECRETARY 
  
 DAVID E. GORDON (SBN 53624) 
 GARY S. TELL (DC SBN 438658) 
 O’MELVENY & MYERS LLP 
 400 S. Hope Street 
 Los Angeles, CA 90071 
 Telephone: (213) 430-6000 
 Facsimile: (213) 430-6007 
 ATTORNEYS FOR DEFENDANTS 
  
 IN THE UNITED STATES DISTRICT COURT 
 FOR THE CENTRAL DISTRICT OF CALIFORNIA 
  

			
	 ELAINE L. CHAO, Secretary of the United States
Department of Labor
  
 Plaintiff,
  
 v.
  
 EARLE M. JORGENSEN COMPANY,
 EARLE M. JORGENSEN HOLDING
 COMPANY INC., RANDAL J. HAAS,
 LONNIE R. TERRY, CHARLES P.
 GALLOPO, STEPHEN C. WILD and EARLE
 M. JORGENSEN EMPLOYEE STOCK
 OWNERSHIP PLAN,
  
 Defendants.
	  	 Civil Action No. SA02-257
 DOC MLGx
  
 AMENDED CONSENT ORDER

 THIS AMENDED CONSENT ORDER AND RELEASE (“Amended Consent Order”) is entered into this
         day of                  2004, by and between Plaintiff Elaine Chao, Secretary of the United States Department of Labor
(“Secretary”) through her duly authorized representative and Defendants Earle M. Jorgensen Company (“Defendant Company”), Earle M. Jorgensen Holding Company Inc. (“Defendant Holding”), Randal J. Haas, Lonnie R. Terry,
Charles P. Gallopo, Stephen C. Wild (collectively “Committee Defendants”), and Earle M. Jorgensen Stock Bonus Plan (previously named the Earle M. Jorgensen Employee Stock Ownership Plan, and referred to as “Plan”) through their
duly authorized representative; 
  
 WHEREAS, the Secretary has
responsibility for the administration and enforcement of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. § 1001 et seq.; 
  
 WHEREAS, the Secretary filed a Complaint in this matter on March 8, 2002; the Complaint alleges that for the years 1994
through 2000, Defendants overvalued the common stock contributed by Defendant Holding to the Plan and that this resulted in the Plan receiving less shares and less value than it was entitled and, specifically, resulted in the Plan’s
participants receiving much less stock in their pension accounts than they were entitled; the Complaint further alleges that from 1994 through at least 2000, Defendants overvalued the shares contributed to the Plan 
  

 2 

 by, among other things, applying earnings figures greater than those reported in Defendant Holding’s own audited
financial statements and by applying a control premium of 30% to the stock contributed to the Plan even though the Plan never had such a controlling interest in Defendant Holding and even though the Plan is never expected to have such a controlling
interest in Defendant Holding; the Complaint also alleges that Defendants violated their fiduciary duties under ERISA §404(a)(1)(B), 29 U.S.C. § 1104(a)(1)(B), (duty of prudence) ERISA § 406(a)(1)(A), 29 U.S.C. § 1106(a)(1)(A)
(prohibited transaction); 
  
 WHEREAS, the Defendants answered the
Complaint admitting or denying the allegations of the Complaint as set forth in the answer filed on May 17, 2002. 
  
 WHEREAS, the parties agree that from 1994 to date, Defendants Company and Holding have employed consistent valuation methodologies in determining the
value of common stock to be contributed to the Plan and in determining the price paid to participants who have exercised their put options for shares; 
  
 WHEREAS, the parties previously negotiated an agreement to settle all claims and issues between them in this action, and each consented to the entry of a
Consent Order and Release, dated January, 2003 (“Prior Order”) by the Court as the sole and complete memorialization of the terms of such agreement; 
  

 3 

 WHEREAS, the parties desire to modify the terms of the Prior Order and replace said Prior Order with this
Amended Consent Order; 
  
 WHEREAS, the undersigned attorneys for
the Secretary and the Defendants acknowledge and represent that they are authorized and empowered to execute this Amended Consent Order on behalf of all of the respective parties; 
  
 WHEREAS, the Secretary states that by agreeing to employ the same methodologies used in the past solely for the purpose of
settling the Complaint via this Consent Order, the Secretary in no way endorses any of the methodologies agreed to in this Consent Order for any purpose other than settling this particular case and, in particular, states her belief that application
of the adjustments set forth in Paragraph 5 below in valuing stock at the time of contribution to a plan would not be in compliance with ERISA’s requirements; by agreeing to use those methodologies solely for purposes of settling this matter,
the Secretary seeks to ensure that no participant may be harmed in any way by the terms of this Consent Order; 
  
 WHEREAS, the parties expressly waive findings of fact and conclusions of law and consent to the entry of this Amended Consent Order as a full and complete
resolution of all the claims and issues arising between them in connection with this action without trial or adjudication of any issue of fact or law raised in the Complaint; 
  

 4 

 NOW THEREFORE, in consideration of the mutual covenants recited below and other valuable and
sufficient consideration, the parties agree as follows: 
  
 1.
The Court has jurisdiction over the parties to this Amended Consent Order and the subject matter of this action and is empowered to provide the relief herein. 
  

2, As of the date this Amended Consent Order is entered, the parties agree that this Amended Consent Order is a complete settlement of all claims and
allegations in the Secretary’s Complaint against the Defendants, and replaces, in its entirety, the Prior Order. 
  
 3. The Defendants expressly waive any and all claims of whatsoever nature which they have or may have against the Secretary and the Department of Labor,
or any of their officers, agents, attorneys, employees, or representatives, arising out of or in connection with the filing, prosecution, and maintenance of this civil action or any other proceeding or investigation incident thereto. In particular,
the Defendants expressly waive any and all claims under the Equal Access to Justice Act (Pub. Law No. 96-481 [1980], reenacted at Pub. Law No. 99-80 [1985] and amended at Pub. Law No. 104-121 [1996]) which they have or may have against the Secretary
and the Department of Labor, or any of their officers, agents, attorneys, employees, or representatives, arising out of or in connection with the filing, prosecution, and maintenance of the Complaint or investigation incident thereto. 
  

 5 

 4. Except for the penalty that the Secretary may assess under ERISA § 502(1), 29 U.S.C. §
1132(1) against Defendants Company and Holding as provided in Paragraph 10, the Secretary expressly waives any and all claims, liabilities, fines, penalties or demands of whatsoever nature that she has or may have against the Defendants, or any of
their officers, directors, agents, attorneys, employees, both past and present, representatives, or its assigns or successors in interest, arising out of, or in connection with the filing, prosecution and maintenance of this civil action or any
other proceeding or investigation in connection herewith or related thereto. 
  
 5. For the common stock contributed to the Plan between 1994 and 2000 (the “Subject Common Stock”) with respect to which terminated Participants have filed a written notice with the Defendant Company to put
the Subject Common Stock to the Company in accordance with the terms of the Plan, Defendants Company and Holding will purchase the Subject Common Stock from such participants at a price based on valuations of the stock that will continue to be done
in a manner consistent (defined as free from irregularity, variation or contradiction) with prior valuations, including: 
  
 (a) application of adjustments to Jorgensen’s reported earnings, provided that negative adjustments shall only be taken into account
in a manner that is consistent with generally accepted appraisal principles; 
  
 (b) application of a thirty percent (30%) premium to the calculated values; and 
  

 6 

 (c) valuation of Corporate Owned Life Insurance. 
  
 6. Paragraph 5 shall not apply to any participant who has not, on or before
the date this Amended Order is entered (the “Relevant Date”), both terminated employment from Defendants Company and Holding, and filed a written notice with the Defendants Company to put the Subject Common Stock to Defendant Company in
accordance with the terms of the Plan. Valuations prepared after the Relevant Date will be prepared in accordance with generally accepted appraisal principles and the requirements of Section 5 will not apply. For avoidance of doubt, in the event
that any such participant puts the Subject Common Stock (or any common stock into which it is converted) to Defendants Company and Holding after the Relevant Date, subject to Paragraph 7, the put will be based on valuations of the stock that are not
subject to the required use of the practices specified in Paragraph 5(a), (b) or (c) or required to be based on “enterprise value.” 
  
 7. Prior to the completion of any exchange offer, merger, consolidation, reorganization, recapitalization or other similar transaction (a
“Restructuring Transaction”), if the appraised value of the Subject Common Stock (or any security for which the Subject Common Stock is exchanged or converted into) is determined to be less than $2.15 per share, the defendants Holding and
the Company or their successors will provide participants with put rights with respect to Subject Common Stock as provided in the Plan at a price of $2.15 per share (the “Floor Price”). After 
  

 7 

 the completion of a Restructuring Transaction, the participants will not be entitled to the benefit of put rights at the
Floor Price. 
  
 In the event of any Restructuring Transaction,
the value of the Subject Common Stock used to determine the exchange ratio for the Subject Common Stock shall not be less than the Floor Price. 
  
 8. If Holding shall subdivide its outstanding common stock or combine its outstanding common stock into a smaller number of shares prior to a
Restructuring Transaction,—the Floor Price, in effect at the time of such subdivision or combination, shall be proportionately adjusted so that the aggregate value (using the Floor Price) of the outstanding Subject Common Stock shall be the
same immediately before and immediately after giving effect to such subdivision or combination. 
  
 9. Holding will not materially reduce the contributions to, or benefits under, the Plan, a supplemental stock bonus plan and a cash bonus plan, as set
forth in that certain memorandum entitled “New Program for Certain Stock Bonus Plan Participants,” dated December 1, 2004. 
  
 10. Should, in any given year, the Floor Price exceed the value of the Subject Common Stock (as determined pursuant to Paragraph 6) and the Defendants
Company and Holding shall repurchase Subject Common Stock from participants at the Floor Price, the Secretary expressly reserves the right to assess a penalty against Defendants Company and Holding pursuant to ERISA §502(1), 29 U.S.C.
§1132(1) with respect to the net benefit to participants derived from applying the Floor Price to 
  

 8 

 such repurchases. In the event of such a repurchase, the “applicable recovery amount” shall be determined by
multiplying the difference between the Floor Price and the most recent appraisal pursuant to paragraph 6 and the number of shares of Subject Common Stock then repurchased. 
  
 11. After the date the common stock becomes readily traded on a nationally recognized market in the United States,
participants will cease to have the right to put the common stock, including the Subject Common Stock, to Defendant Company under the Plan, and Paragraphs 7 and 10 will no longer apply. 
  
 12. The parties agree that modifications of the Prior Order set out in this Amended Consent Order are not the result of any
alleged or potential breach of fiduciary responsibility described in Title I of ERISA or any knowing participation in such a breach, and accordingly the civil penalties of ERISA §502(1) are not applicable to such modifications. 
  
 13. The Defendants will not engage in any violations of Title I of ERISA in
the future with respect to the Plan, its Participants and Beneficiaries. 
  
 14. Defendants Company, Holding and the Plan will provide copies of each valuation performed pursuant to this Consent Order within thirty (30) days of its receipt to: 
  
 United States Department of Labor 
 Office of the Solicitor 
 Plan Benefits Security Division 
 P.O. Box 1914 
 Washington, D.C. 20013 
 Attn: W. Iris Barber 
  

 9 

 and 
  
 United States Department of Labor 
 Pension and Welfare Benefits Administration 
 Los Angeles Regional Office 
 790 E. Colorado Blvd. 
 Suite 514 
 Pasadena, California 
 91101 
 Attn: Charles Hay 
  
 15. This Agreement is binding only on the United States Department of Labor and not on any other agency of the United
States. 
  
 16. Each party shall pay their own costs and expenses,
including attorneys and other professional fees, incurred in the investigation and resolution of the allegations in the Complaint. 
  
 17. This Agreement constitutes the entire Agreement between the parties pertaining to the subject matter hereof and supersedes all prior agreements or
understandings of the parties in connection therewith. 
  
 18.
This Court shall retain jurisdiction over the parties and subject matter of this action for the purpose of enforcing the terms of this Order. 
  
 19. The Court finds that there is no just reason to delay the entry of this Order and, pursuant to Rule 54(b), Fed. R. Civ. P., expressly directs the
entry thereof as a final Order. 
  

									
					
	 ENTERED:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 UNITED STATES DISTRICT JUDGE

  

 10 

 The parties, by their undersigned Counsel, hereby consent to the entry of this Order: 
  
 FOR ELAINE L. CHAO 
 Secretary of Labor 
  
 HOWARD M. RADZELY 
 Solicitor of Labor 
  
 TIMOTHY D. HAUSER

 Associate Solicitor of Labor 
 Plan Benefits Security Division 
  

			
	 /s/    Michael Schloss

	  	 DATE 12/9/04

 MICHAEL SCHLOSS 
 Senior Trial Attorney 
 W. IRIS BARBER 
 Senior Trial Attorney 
 U.S. Department of Labor 
 P.O. Box 1914 
 Washington, D.C. 20013 
 (202) 693-5600 
  
 DAVID E. GORDON (SBN 53624) 
 GARY S. TELL (DC SBN 438658) 
 O’Melveny & Myers LLP 
 400 South Hope Street 
 Los Angeles, CA 90071 
 Telephone: (213) 430-6000 
 Facsimile: (213) 430-6407 
 ATTORNEYS FOR DEFENDANTS 
  

			
	 /s/    Gary S. Tell

	  	 DATE 12/12/04

  

 11 

 PROOF OF SERVICE BY MAIL 
  
 I am a citizen of the United States and employed in Orange County, California, at the office of a member of the bar of this
Court at whose direction this service was made. I am over the age of eighteen years and not a party to the within action. I am employed in the county where the service described below occurred. My business address is 610 Newport Center Drive, 17th
Floor, Newport Beach, California 92660-6429. I am readily familiar with this firm’s practice for collection and processing of correspondence for mailing with the United States Postal Service. In the ordinary course of business, correspondence
collected from me would be processed on the same day, with postage thereon fully prepaid and placed for deposit that day with the United States Postal Service. On December 17, 2004 I served the following: 
  
 AMENDED CONSENT ORDER 
  
 by putting a true and correct copy thereof in a sealed envelope, with postage fully prepaid,
and placing the envelope for collection and mailing today with the United States Postal Service in accordance with the firm’s ordinary business practices, addressed as follows: 
  

			
	 Michael Schloss, Esq.
 W. Irish Barber, Esq.

U.S. Department of Labor
 Office of the Solicitor
 Plan Benefits Security Division
 P.O. Box 1914
 Washington, DC 20013
 Phone: (202) 693-5600
 Fax: (202) 693-5610
	  	 Daniel Chasek, Esq.
 U.S. Department of Labor

Office of the Solicitor
 World Trade Center, Suite 370
 Los Angeles, CA 90071
 Phone: (213) 894-4980
 Fax: (213) 894-2065

  
 I declare under
penalty of perjury under the laws of the United States that the above is true and correct. Executed on December 17, 2004, at Newport Beach, California. 
  

	
	/s/    DEBORAH S.
MCELWAIN        
	Deborah S. McElwain

  
 PROOF OF
SERVICE

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