Document:

Exhibit 4.1

    
      
        
          

        

      

      Exhibit
        4.1

       

       

       

       

      AMERICA’S
        CAR-MART, INC.

      401(K)
        PLAN

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      ADOPTION
        AGREEMENT

      NONSTANDARDIZED
        401(k) PROFIT SHARING PLAN

      

      The
        undersigned,       America’s
        Car-Mart, Inc.      
        (“Employer”), by executing this Adoption Agreement, elects to establish a
        retirement plan and trust (“Plan”) under the       Bank
        of Oklahoma, N.A.      
        (basic
        plan document #      01      ).
        The
        Employer, subject to the Employer’s Adoption Agreement elections, adopts fully
        the Prototype Plan and Trust provisions. This Adoption Agreement, the basic
        plan
        document and any attached appendices or addenda, constitute the Employer’s
        entire plan and trust document. All
        section references within this Adoption Agreement are Adoption Agreement
        section
        references unless the Adoption Agreement or the context indicate otherwise.
        All
        article references are basic plan document and Adoption Agreement references
        as
        applicable. Numbers in parenthesis which follow headings are references to
        basic
        plan document sections.
        The
        Employer makes the following elections granted under the corresponding
        provisions of the basic plan document.

       

      ARTICLE
        I

      DEFINITIONS

       

      
        	1.	
                PLAN (1.21).
                  The name of the Plan as adopted by the Employer is         America’s
                  Car-Mart, Inc. 401(k)
                  Plan      .

              

      

       

      
        	2.	
                TRUSTEE (1.33).
                  The Trustee executing this Adoption Agreement is: (Choose
                  one of (a), (b) or (c))

              

      

       

      
        	o	
                (a) A
                  discretionary Trustee.
                  See Plan Section 10.03[A].

              

      

      

      
        	x	
                (b) A
                  nondiscretionary Trustee.
                  See Plan Section 10.03[B].

              

      

      

      
        	o	
                (c) A
                  Trustee under a separate trust agreement.
                  See Plan Section 10.03[G].

              

      

       

      
        3.    EMPLOYEE (1.11).
          The
          following Employees are not eligible to participate in the Plan: (Choose
          (a) or one or more of (b) through (g) as applicable)

      

      

      
        	o	
                (a) No
                  exclusions.

              

      

      

      
        	o	
                (b) Collective
                  bargaining Employees.

              

      

      

      
        	o	
                (c) Nonresident
                  aliens.

              

      

      

      
        	x	
                (d) Leased
                  Employees.

              

      

      

      
        	x	
                (e) Reclassified
                  Employees.

              

      

      

      
        	o	
                (f) Classifications:             .

              

      

      

      
        	
                o

              	
                (g)

              	
                Exclusions
                  by types of contributions. The
                  following classification(s) of Employees are not eligible for the
                  specified contributions:

              

      

      

      Employee
        classification:             

      Contribution
        type:             

       

      4.            
        COMPENSATION (1.07).
        The
        Employer makes the following election(s) regarding the definition of
        Compensation for purposes of the contribution allocation formula under Article
        III: (Choose
        one of (a), (b) or (c))

      

      
        	x	
                (a) W-2
                  wages increased by Elective
                  Contributions.

              

      

      

      
        	o	
                (b) Code
                  §3401(a) federal income tax withholding wages increased by Elective
                  Contributions.

              

      

      

      
        	o	
                (c) 415
                  compensation.

              

      

      

      [Note:
        Each of the Compensation definitions in (a), (b) and (c) includes Elective
        Contributions. See Plan Section 1.07(D). To exclude Elective Contributions,
        the
        Employer must elect (g).]

      

      Compensation
        taken into account.
        For the
        Plan Year in which an Employee first becomes a Participant, the Plan
        Administrator will determine the allocation of Employer contributions (excluding
        deferral contributions) by taking into account: (Choose
        one of (d) or (e))

      

      
        	o	
                (d) Plan
                  Year.
                  The Employee’s Compensation for the entire Plan
                  Year.

              

      

      

      
        	x	
                (e) Compensation
                  while a Participant.
                  The Employee’s Compensation only for the portion of the Plan Year in which
                  the Employee actually is a
                  Participant.

              

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      Modifications
        to Compensation definition.
        The
        Employer elects to modify the Compensation definition elected in (a), (b)
        or (c)
        as follows. (Choose
        one or more of (f) through (n) as applicable. If the Employer elects to allocate
        its nonelective contribution under Plan Section 3.04 using permitted disparity,
        (i), (j), (k) and (l) do not apply):

       

      
        
          	
                   o

                	
                  (f)
                    Fringe
                    benefits.
                    The Plan excludes all reimbursements or other expense allowances,
                    fringe
                    benefits (cash and noncash), moving expenses, deferred compensation
                    and
                    welfare benefits.

                
	 	 
	
                   o

                	
                  (g)
                    Elective
                    Contributions.
                    The Plan excludes a Participant’s Elective Contributions. See Plan Section
                    1.07(D).

                
	 	 
	
                   o

                	
                  (h)
                    Exclusion.
                    The Plan excludes Compensation in excess of:             .

                
	 	 
	
                   o

                	
                  (i)
                    Bonuses.
                    The Plan excludes bonuses.

                
	 	 
	
                   o

                	
                  (j)
                    Overtime.
                    The Plan excludes overtime.

                
	 	 
	
                   o

                	
                  (k)
                    Commissions.
                    The Plan excludes commissions.

                
	 	 
	
                   o

                	
                  (l)
                    Nonelective
                    contributions.
                    The following modifications apply to the definition of Compensation
                    for
                    nonelective contributions:             .

                
	 	 
	
                   o

                	
                  (m)
                    Deferral
                    contributions.
                    The following modifications apply to the definition of Compensation
                    for
                    deferral contributions:             .

                
	 	 
	
                   o

                	
                  (n)
                    Matching
                    contributions.
                    The following modifications apply to the definition of Compensation
                    for
                    matching contributions:             .

                

        

      

      

      
        5.    PLAN
          YEAR/LIMITATION YEAR (1.24).
          Plan
          Year and Limitation Year mean the 12-consecutive month period (except for
          a
          short Plan Year) ending every: (Choose
          (a) or (b). Choose (c) if applicable)

      

      
        

        
          	
                   x

                	
                  (a)
                    December
                    31.

                
	 	 
	
                   o

                	
                  (b)
                    Other:             .

                
	 	 
	
                   o

                	
                  (c)
                    Short
                    Plan Year:
                    commencing on:            
                    and ending on:             .

                

        

        

        
          6.    EFFECTIVE
            DATE (1.10).
            The
            Employer’s adoption of the Plan is a: (Choose
            one of (a) or (b))

        

        

        
          	
                   o

                	
                  (a)
                    New
                    Plan.
                    The Effective Date of the Plan is:              .

                
	 	 
	
                   x

                	
                  (b)
                    Restated
                    Plan.
                    The restated Effective Date is:   March
                    1,
                    2001               .

                

        

        

        This
          Plan
          is an amendment and restatement of an existing retirement plan(s) originally
          established effective as of:

        March
          1, 2001      .

        

        
          7.    HOUR
            OF SERVICE/ELAPSED TIME METHOD (1.15).
            The
            crediting method for Hours of Service is: (Choose
            one or more of (a) through (d) as applicable)

        

        

        
          	
                   o

                	
                  (a)
                    Actual
                    Method.
                    See Plan Section 1.15(B).

                
	 	 
	
                   x

                	
                  (b)
                    Equivalency
                    Method.
                    The Equivalency Method is:         monthly
                    equivalency        .
                    [Note:
                    Insert “daily,” “weekly,” “semi-monthly payroll periods” or
                    “monthly.”]
                    See Plan Section 1.15(C).

                
	 	 
	
                   x

                	
                  (c)
                    Combination
                    Method.
                    In
                    lieu of the Equivalency Method specified in (b), the Actual Method
                    applies
                    for purposes of:         hourly
                    paid
                    employees        .

                
	 	 
	
                   o

                	
                  (d)
                    Elapsed
                    Time Method.
                    In
                    lieu of crediting Hours of Service, the Elapsed Time Method applies
                    for
                    purposes of crediting Service for: (Choose
                    one or more of (1), (2) or (3) as applicable)

                
	 	 
	
                   o

                	
                  (1)
                    Eligibility under Article II.

                
	 	 
	
                   o

                	
                  (2)
                    Vesting under Article V.

                
	 	 
	
                   o

                	
                  (3)
                    Contribution allocations under Article
                    III.

                

        

      

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      
        8.    PREDECESSOR
          EMPLOYER SERVICE (1.30).
          In
          addition to the predecessor service the Plan must credit by reason of
          Section 1.30 of the Plan, the Plan credits as Service under this Plan,
          service
          with the following predecessor employer(s):        Crown
          Group, Inc. and Colonial Auto Finance,
          Inc.        .

      

      

      [Note:
        If the Plan does not credit any additional predecessor service under this
        Section 1.30, insert “N/A” in the blank line. The Employer also may elect to
        credit predecessor service with specified Participating Employers only. See
        the
        Participation Agreement.]
        Service
        with the designated predecessor employer(s) applies: (Choose
        one or more of (a) through (d) as applicable)

      

      
        	
                 x

              	
                (a)
                  Eligibility.
                  For eligibility under Article II. See Plan Section 1.30 for time
                  of Plan
                  entry.

              
	 	 
	
                 x

              	
                (b)
                  Vesting.
                  For vesting under Article V.

              
	 	 
	
                 o

              	
                (c)
                  Contribution
                  allocation.
                  For contribution allocations under Article III.

              
	 	 
	
                 o

              	
                (d)
                  Exceptions.
                  Except for the following Service:                 .

              

      

       

      ARTICLE
        II

      ELIGIBILITY
        REQUIREMENTS

       

      9.    ELIGIBILITY (2.01).

      

      Eligibility
        conditions.
        To
        become a Participant in the Plan, an Employee must satisfy the following
        eligibility conditions: (Choose
        one or more of (a) through (e) as applicable)
        [Note:
        If the Employer does not elect (c), the Employer’s elections under (a) and (b)
        apply to all types of contributions. The Employer as to deferral contributions
        may not elect (b)(2) and may not elect more than 12 months in (b)(4) and
        (b)(5).]

      

      
        	
                 x

              	 	
                (a)
                  Age.
                  Attainment of age       21      
                  (not to exceed age 21).

              
	 	 	 	 
	
                 x

              	 	
                (b)
                  Service.
                  Service requirement. (Choose
                  one of (1) through (5))

              
	 	 	 	 
	 	
                x

              	
                (1)
                  One Year of Service.

              
	 	 	 	 
	 	
                 o

              	
                (2)
                  Two Years of Service, without an intervening Break in Service.
                  See Plan
                  Section 2.03(A).

              
	 	 	 	 
	 	
                 o

              	
                (3)
                  One Hour of Service (immediate completion of Service requirement).
                  The
                  Employee satisfies the Service requirement on his/her Employment
                  Commencement Date.

              
	 	 	 	 
	 	
                 o

              	
                (4)
                             
                  months (not exceeding 24).

              
	 	 	 	 
	
              	
                  o

              	
                (5)
                  An Employee must complete             
                  Hours of Service within the             
                  time period following the Employee’s Employment Commencement Date. If an
                  Employee does not complete the stated Hours of Service during the
                  specified time period (if any), the Employee is subject to the
                  One Year of
                  Service requirement. [Note:
                  The number of hours may not exceed 1,000 and the time period may
                  not
                  exceed 24 months. If the Plan does not require the Employee to
                  satisfy the
                  Hours of Service requirement within a specified time period, insert
“N/A”
                  in the second blank line.]

              
	 	 	 	 
	
                 o

              	
                 (c)
                  Alternative
                  401(k)/401(m) eligibility conditions.
                  In
                  lieu of the elections in (a) and (b), the Employer elects the following
                  eligibility conditions for the following types of contributions:
                  (Choose
                  (1) or (2) or both if the Employer wishes to impose less restrictive
                  eligibility conditions for deferral/Employee contributions or for
                  matching
                  contributions)

              

      

      

      
        	 	
                (1)

              	
                 o

              	
                Deferral/Employee
                  contributions: (Choose
                  one of a. through d. Choose e. if applicable)

              
	 	 	 	 	 	 
	 	
                a.

              	
                 o

              	
                One
                  Year of Service

              
	 	 	 	 
	 	
                b.

              	
                 o

              	
                One
                  Hour of Service (immediate completion of Service
                  requirement)

              
	 	 	 	 
	 	
                c.

              	
                 o

              	
                            
                  months (not exceeding 12)

              
	 	 	 	 
	 	
                d.

              	
                 o

              	
                An
                  Employee must complete             
                  Hours of Service within the             
                  time period following an Employee’s Employment Commencement Date. If an
                  Employee does not complete the stated Hours of Service during the
                  specified time period (if any), the Employee is subject to the
                  One Year of
                  Service requirement. [Note:
                  The number of hours may not exceed 1,000 and the time period may
                  not
                  exceed 12 months. If the Plan does not require the Employee to
                  satisfy the
                  Hours of Service requirement within a specified time period, insert
“N/A”
                  in the second blank line.]

              
	 	 	 	 	 	 
	 	
                e.

              	
                 o

              	
                Age
                              
                  (not exceeding age 21)

              
	 	 	 	 	 	 
	 	
                (2)

              	
                 o

              	
                Matching
                  contributions: (Choose
                  one of f. through i. Choose j. if applicable)

              
	 	 	 	 	 	 
	 	
                f.

              	
                 o

              	
                One
                  Year of Service

              
	 	 	 	 
	 	
                g.

              	
                 o

              	
                One
                  Hour of Service (immediate completion of Service
                  requirement)

              
	 	 	 	 
	 	
                h.

              	
                 o

              	
                            
                  months (not exceeding 24)

              

      

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      
        	 	
                i.

              	
                 o

              	
                An
                  Employee must complete             
                  Hours of Service within the             
                  time period following an Employee’s Employment Commencement Date. If an
                  Employee does not complete the stated Hours of Service during the
                  specified time period (if any), the Employee is subject to the
                  One Year of
                  Service requirement. [Note:
                  The number of hours may not exceed 1,000 and the time period may
                  not
                  exceed 24 months. If the Plan does not require the Employee to
                  satisfy the
                  Hours of Service requirement within a specified time period, insert
“N/A”
                  in the second blank line.]

              
	 	 	 	 
	 	
                j.

              	
                 o

              	
                Age
                              
                  (not exceeding age 21)

              

      

    

     

    
      
        	
                 o

              	
                (d)
                  Service requirements:             .

              

      

      

      [Note:
        Any Service requirement the Employer elects in (d) must be available under
        other
        Adoption Agreement elections or a combination thereof.]

      

      
        	
                 o

              	
                (e)
                  Dual eligibility.
                  The eligibility conditions of this Section 2.01 apply solely to
                  an
                  Employee employed by the Employer after             .
                  If the Employee was employed by the Employer by the specified date,
                  the
                  Employee will become a Participant on the latest of: (i) the Effective
                  Date; (ii) the restated Effective Date; (iii) the Employee’s Employment
                  Commencement Date; or (iv) on the date the Employee attains age
                              
                  (not exceeding age 21).

              

      

      

      Plan
        Entry Date. “Plan
        Entry Date” means the Effective Date and: (Choose
        one of (f) through (j). Choose (k) if applicable) [Note:
        If the Employer does not elect (k), the elections under
        (f) through (j) apply to all types of contributions. The Employer must elect
        at
        least one Entry Date per Plan Year.]

      

      
        	
                 o

              	
                (f)
                  Semi-annual
                  Entry Dates.
                  The first day of the Plan Year and the first day of the seventh
                  month of
                  the Plan Year.

              
	 	 
	
                 o

              	
                (g)
                  The
                  first day of the Plan Year.

              
	 	 
	
                 o

              	
                (h) Employment
                  Commencement Date
                  (immediate eligibility).

              
	 	 
	
                 x

              	
                (i)
                  The
                  first day of each:       Plan
                  Year Quarter      
                  (e.g., “Plan Year quarter”).

              
	 	 
	
                 o

              	
                (j)
                  The
                  following Plan Entry Dates:             .

              
	 	 
	
                 o

              	
                (k)
                  Alternative
                  401(k)/401(m) Plan Entry Date(s).
                  For the alternative 401(k)/401(m) eligibility conditions under
                  (c), Plan
                  Entry Date means: (Choose
                  (1) or (2) or both as
                  applicable)

              

      

       

      
        	
                (1)

              	
                 o

              	
                Deferral/Employee
                  contributions

                (Choose
                  one of a. through d.)

              	
                (2)

              	
                o

              	
                Matching
                  contributions

                (Choose
                  one of e. through h.)

              
	 	 	 	 	 	 
	 	
                a.

              	
                o
Semi-annual
                  Entry Dates

              	 	
                e.

              	
                o
Semi-annual
                  Entry
                  Dates

              
	 	
                b.

              	
                o
The
                  first day of the Plan Year

              	 	
                f.

              	
                o
The
                  first day of the Plan
                  Year

              
	 	
                c.

              	
                o
Employment
                  Commencement Date 

                 (immediate
                  eligibility)

              	 	
                g.

              	
                o
Employment
                  Commencement
                  Date 
                   (immediate
                    eligibility)

                

              
	 	
                d.

              	
                o
The
                  first day of each:

              	 	
                h.

              	
                o
The
                  first day of each:
                  

              
	 	 	
                          

              	 	 	
                         

              

      

      

      Time
        of participation.
        An
        Employee will become a Participant, unless excluded under Section 1.11, on
        the
        Plan Entry Date (if employed on that date): (Choose
        one of (l), (m) or (n). Choose (o) if applicable):
        [Note:
        If the Employer does not elect (o), the election under (l), (m) or (n) applies
        to all types of contributions.]

      

      
        	
                x

              	
                (l)
                  Immediately
                  following or coincident with

              
	 	 
	
                o

              	
                (m)
                  Immediately
                  preceding or coincident with

              
	 	 
	
                o

              	
                (n)
                  Nearest

              
	 	 
	
                o

              	
                (o)
                  Alternative
                  401(k)/401(m) election(s): (Choose
                  (1) or (2) or both as
                  applicable)

              

      

       

      
        	
                (1)

              	
                o

              	
                Deferral
                  contributions

              	
                (2)

              	
                o

              	
              	
                Matching
                  contributions
                  (Choose
                    one of b., c. or d.)

                

              
	 	
                a.

              	
                o

              	
                Immediately
                  following or coincident with

              	 	
                b.

              	
              	
                
                  o
Immediately
                    following or coincident with

                

              
	 	 	 	 	 	c.	 	
                o Immediately
                  preceding or coincident with

              
	 	 	 	 	 	d.	 	
                o Nearest

              

      

       

      the
        date
        the Employee completes the eligibility conditions described in this Section
        2.01. [Note:
        Unless otherwise excluded under Section 1.11, an Employee must become a
        Participant by the earlier of:
        (1) the first day of the Plan Year beginning after the date the Employee
        completes the age and service requirements of Code §410(a); or (2) 6 months
        after the date the Employee completes those requirements.]

      
        
          
          

        

        
          4

          
            

          

        

         

      

      
         

        10.          YEAR
          OF SERVICE - ELIGIBILITY (2.02).
          (Choose
          (a) and (b) as applicable):
          [Note: If
          the Employer does not elect a Year of Service condition or elects the Elapsed
          Time Method, the Employer should not complete (a) or (b).]

        

        
          	
                   x

                	
                  (a)
                    Year
                    of Service.
                    An
                    Employee must complete       1000      
                    Hour(s) of Service during an eligibility computation period to
                    receive
                    credit for a Year of Service under Article II: [Note:
                    The number may not exceed 1,000. If left blank, the requirement
                    is
                    1,000.]

                
	 	 
	
                   x

                	
                  (b)
                    Eligibility
                    computation period.
                    After the initial eligibility computation period described in
                    Plan Section
                    2.02, the Plan measures the eligibility computation period as:
                    (Choose
                    one of (1) or (2))

                

        

        

        
          	
                   x

                	
                  (1)
                    The Plan Year beginning with the Plan Year which includes the
                    first
                    anniversary of the Employee’s Employment Commencement
                    Date.

                
	 	 
	
                  o

                	
                  (2)
                    The 12-consecutive month period beginning with each anniversary
                    of the
                    Employee’s Employment Commencement
                    Date.

                

        

        

        11.           
          PARTICIPATION
          - BREAK IN SERVICE (2.03).
          The one
          year hold-out rule described in Plan Section 2.03(B): (Choose
          one of (a), (b) or (c))

        

        
          	
                  x

                	
                  (a)
                    Not
                    applicable.
                    Does not apply to the Plan.

                
	 	 
	
                  o

                	
                  (b)
                    Applicable.
                    Applies to the Plan and to all Participants.

                
	 	 
	
                  o

                	
                  (c)
                    Limited
                    application.
                    Applies to the Plan, but only to a Participant who has incurred
                    a
                    Separation from Service.

                
	 	 
	
                  12.          
                    ELECTION
                    NOT TO PARTICIPATE (2.06).
                    The Plan: (Choose
                    one of (a) or (b))

                
	 	 
	
                  x

                	
                  (a)
                    Election
                    not permitted.
                    Does not permit an eligible Employee to elect not to
                    participate.

                
	 	 
	
                  o

                	
                  (b)
                    Irrevocable
                    election.
                    Permits an Employee to elect not to participate if the Employee
                    makes a
                    one-time irrevocable election prior to the Employee’s Plan Entry
                    Date.

                

        

        

        ARTICLE
          III

        EMPLOYER
          CONTRIBUTIONS, DEFERRAL CONTRIBUTIONS AND FORFEITURES

        

        13.         
          AMOUNT
          AND TYPE (3.01).
          The
          amount and type(s) of the Employer’s contribution to the Trust for a Plan Year
          or other specified period will equal: (Choose
          one or more of (a) through (f) as applicable)

        

        
          	
                  x

                	
                  (a)
                    Deferral contributions (401(k) arrangement). The
                    dollar or percentage amount by which each Participant has elected
                    to
                    reduce his/her Compensation, as provided in the Participant’s salary
                    reduction agreement and in accordance with Section
                    3.02.

                
	 	 
	
                  x

                	
                  (b)
                    Matching contributions (other than safe harbor matching contributions
                    under Section 3.01(d)).
                    The matching contributions made in accordance with Section
                    3.03.

                
	 	 
	
                  x

                	
                  (c)
                    Nonelective contributions (profit sharing).
                    The following nonelective contribution (Choose
                    (1) or (2) or both as applicable):
                    [Note:
                    The Employer may designate as a qualified nonelective contribution,
                    all or
                    any portion of its nonelective contribution. See Plan Section
                    3.04(F).]

                

        

        

        
          	
                   x

                	
                  (1)
                    Discretionary.
                    An
                    amount the Employer in its sole discretion may
                    determine.

                
	 	 	 
	
                  o

                	
                  (2)
                    Fixed.
                    The following amount:             

                

        

        

        
          	
                  o

                	
                  (d)
                    401(k) safe harbor contributions.
                    The following 401(k) safe harbor contributions described in Plan
                    Section
                    14.02(D): (Choose
                    one of (1), (2) or (3). Choose (4), if
                    applicable)

                

        

        

        
          	
                  o

                	
                  (1)
                    Safe
                    harbor nonelective contribution. The
                    safe harbor nonelective contribution equals        %
                    of a Participant’s Compensation [Note:
                    the amount in the blank must be at least 3%.].

                
	 	 
	
                  o

                	
                  (2)
                    Basic
                    safe
                    harbor matching contribution.
                    A
                    matching contribution equal to 100% of each Participant’s deferral
                    contributions not exceeding 3% of the Participant’s Compensation, plus 50%
                    of each Participant’s deferral contributions in excess of 3% but not in
                    excess of 5% of the Participant’s Compensation. For this purpose,
                    “Compensation” means Compensation for:             .
                    [Note:
                    The Employer must complete the blank line with the applicable
                    time period
                    for computing the Employer’s basic safe harbor match, such as “each
                    payroll period,” “each month,” “each Plan Year quarter” or “the Plan
                    Year”.]

                
	 	 
	
                  o

                	
                  (3)
                    Enhanced
                    safe harbor matching contribution. (Choose
                    one of a. or b.).

                

        

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

    

     

    
      	
            	
              o

            	
              a. Uniform
                percentage. An amount equal to
                        % of each
                Participant’s deferral contributions not exceeding
                        % of the
                Participant’s Compensation. For this purpose, “Compensation” means
                Compensation for:         .
                [See the Note in (d)(2).]

            

    

    

    
      	
            	
              o

            	
              b. Tiered
                formula. An amount equal to the specified matching percentage for
                the corresponding level of each Participant’s deferral contribution
                percentage. For this purpose, “Compensation” means Compensation for:
                            .
                [See the Note in (d)(2).]

            

    

     

    
      
        	
                Deferral
                  Contribution Percentage

              	 	
                Matching
                  Percentage

              
	 	 	 
	
                            

              	
              	
                            

              
	
                            

              	
              	
                            

              
	
                            

              	
              	
                            

              

      

    

     

    [Note:
      The matching percentage may not increase as the deferral contribution percentage
      increases and the enhanced matching formula otherwise must satisfy the
      requirements of Code §§401(k)(12)(B)(ii) and (iii). If the Employer wishes to
      avoid ACP testing on its enhanced safe harbor matching contribution, the
      Employer also must limit deferral contributions taken into account (the
“Deferral Contribution Percentage”) for the matching contribution to 6% of Plan
      Year Compensation.]

    

    
      
        
          
            
              	
                      o

                    	
                      (4) Another
                        plan. The Employer will satisfy the 401(k) safe harbor
                        contribution in the following plan:
                                    .

                    

            

          

        

      

    

     

    
      	
              o

            	
              (e) Davis-Bacon
                contributions.
                The amount(s) specified for the applicable Plan Year or other applicable
                period in the Employer’s Davis-Bacon contract(s). The Employer will make a
                contribution only to Participants covered by the contract and only
                with
                respect to Compensation paid under the contract. If the Participant
                accrues an allocation of nonelective contributions (including forfeitures)
                under the Plan in addition to the Davis-Bacon contribution, the Plan
                Administrator will: (Choose
                one of (1) or (2))

            

    

    

    
      	
               o

            	
               (1) Not
                reduce the Participant’s nonelective contribution allocation by the
                Davis-Bacon contribution.

            

    

    

    
      	
               o

            	
               (2) Reduce
                the Participant’s nonelective contribution allocation by the Davis-Bacon
                contribution.

            

    

    

    
      	
               o

            	
              (f) Frozen
                Plan. This
                Plan is a frozen Plan effective:             .
                For any period following the specified date, the Employer will not
                contribute to the Plan, a Participant may not contribute and an otherwise
                eligible Employee will not become a Participant in the
                Plan.

            

    

    

    14.          DEFERRAL
      CONTRIBUTIONS (3.02).
      The
      following limitations and terms apply to an Employee’s deferral contributions:
(If
      the Employer elects Section 3.01(a), the Employer must elect (a). Choose (b)
      or
      (c) as applicable)

    

    
      	
               x

            	
              (a) Limitation
                on amount. An Employee’s deferral contributions are subject to
                the following limitation(s) in addition to those imposed by the Code:
                (Choose (1), (2) or (3) as
                applicable)

            

    

    
      

      
        	
                 o

              	
                
                   (1) Maximum
                    deferral amount:             .

                

              

      

      

      
        	
                 o

              	
                 (2) Minimum
                  deferral amount:
                              .

              

      

    

     

    
      
        	
                 x

              	
                
                   (3) No
                    limitations.

                

              

      

       

    

    For
      the
      Plan Year in which an Employee first becomes a Participant, the Plan
      Administrator will apply any percentage limitation the Employer elects in (1)
      or
      (2) to the Employee’s Compensation: (Choose
      one of (4) or (5) unless the Employer elects (3))

     

    
      
        	
                 o

              	
                
                  
                     (4) Only
                      for the portion of the Plan Year in which the Employee actually
                      is a
                      Participant.

                  

                

              

      

      

      
        	
                 o

              	
                
                   (5) For
                    the entire Plan Year.

                

              

      

       

    

    
      	x	
              (b) Negative
                deferral election.
                The Employer will withhold         %
                from the Participant’s Compensation unless the Participant elects a lesser
                percentage (including zero) under his/her salary reduction agreement.
                See
                Plan Section 14.02(C). The negative election will apply to: (Choose
                one of (1) or (2))

            

    

    
      

      
        
          
            
              
                
                  	
                        	o	
                          (1) All
                            Participants who have not deferred at least the automatic
                            deferral amount
                            as of:
                                        .

                        

                

              

            

          

        

      

       

      
        
          
            
              	
                    	x	
                      (2) Each
                        Employee whose Plan Entry Date is on or following the negative
                        election
                        effective
                        date.

                    

            

          

        

         

      

    

    
      
        
          	 o	
                  (c) Cash
                    or deferred contributions.
                    For each Plan Year for which the Employer makes a designated
                    cash or
                    deferred contribution under Plan Section 14.02(B), a Participant
                    may elect
                    to receive directly in cash not more than the following portion
                    (or, if
                    less, the 402(g) limitation) of his/her proportionate share of
                    that cash
                    or deferred contribution: (Choose
                    one of (1) or (2))

                

        

      

    

    
      

      
        
          
            	 	
                    o
 (1) All
                      or any portion.                                                             
                      o (2)     
                              %.

                  

          

        

      

       

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Modification/revocation
      of salary reduction agreement.
      A
      Participant prospectively may modify or revoke a salary reduction agreement,
      or
      may file a new salary reduction agreement following a prior revocation, at
      least
      once per Plan Year or during any election period specified by the basic plan
      document or required by the Internal Revenue Service. The Plan Administrator
      also may provide for more frequent elections in the Plan’s salary reduction
      agreement form.

    

    15.   MATCHING
      CONTRIBUTIONS (INCLUDING ADDITIONAL SAFE HARBOR MATCH UNDER PLAN SECTION
      14.02(D)(3)) (3.03).
      The
      Employer matching contribution is: (If
      the Employer elects Section 3.01(b), the Employer must elect one or more of
      (a),
      (b) or (c) as applicable. Choose (d) if applicable)

    

    
      	 o	
              (a) Fixed
                formula. An amount equal to
                        % of each
                Participant’s deferral
                contributions.

            

    

    

    
      	 x	
              (b) Discretionary
                formula. An amount (or additional amount) equal to a matching
                percentage the Employer from time to time may deem advisable of the
                Participant’s deferral contributions. The Employer, in its sole
                discretion, may designate as a qualified matching contribution, all
                or any
                portion of its discretionary matching contribution. The portion of
                the
                Employer’s discretionary matching contribution for a Plan Year not
                designated as a qualified matching contribution is a regular matching
                contribution.

            

    

    

    
      	 o	
               (c) Multiple
                level formula. An amount equal to the following percentages for
                each level of the Participant’s deferral contributions.
                [Note: The matching percentage only will apply to
                deferral contributions in excess of the previous level and not in
                excess of the stated deferral contribution
                percentage.]

            

    

     

    
      
        	
                Deferral
                  Contributions

              	
                 

              	
                Matching
                  Percentage

              
	
                            

              	 	
                             

              
	
                            

              	 	
                            

              
	
                            

              	 	
                            

              

      

    

    

    
      	 o	
              (d) Related
                Employers. If two or more Related Employers contribute to this
                Plan, the Plan Administrator will allocate matching contributions
                and
                matching contribution forfeitures only to the Participants directly
                employed by the contributing Employer. The matching contribution
                formula
                for the other Related Employer(s) is:
                            .
                [Note: If the Employer does not elect
                (d), the Plan Administrator will allocate all matching
                contributions and matching forfeitures without regard to which
                contributing Related Employer directly employs the
                Participant.]

            

    

    

    Time
      period for matching contributions.
      The
      Employer will determine its matching contribution based on deferral
      contributions made during each: (Choose
      one of (e) through (h))

    

    
      	o	
              (e) Plan
                Year.

            

    

    

    
      	o	
              (f) Plan
                Year quarter.

            

    

    

    
      	x	
              (g) Payroll
                period.

            

    

    

    
      	o	
              (h) Alternative
                time
                period:             .
                [Note: Any alternative time period the Employer elects
                in (h) must be the same for all Participants and may not exceed the
                Plan
                Year.]

            

    

    

    Deferral
      contributions taken into account.
      In
      determining a Participant’s deferral contributions taken into account for the
      above-specified time period under the matching contribution formula, the
      following limitations apply: (Choose
      one of (i), (j) or (k))

    

    
      	o	
              (i) All
                deferral contributions. The Plan Administrator will take into
                account all deferral contributions.

            

    

    

    
      	o	
              (j) Specific
                limitation. The Plan Administrator will disregard deferral
                contributions exceeding
                        % of the
                Participant’s Compensation. [Note: To avoid the ACP test in a safe
                harbor 401(k) plan, the Employer must limit deferrals and Employee
                contributions which are subject to match to 6% of Plan Year
                Compensation.]

            

    

     

    
      	x	
              (k) Discretionary.
                The Plan Administrator will take into account the deferral
                contributions as a percentage of the Participant’s Compensation as the
                Employer determines.

            

    

    

    Other
      matching contribution requirements.
      The
      matching contribution formula is subject to the following additional
      requirements: (Choose
      (l) or (m) or both if applicable)

    

    
      	o	
              (l) Matching
                contribution limits. A Participant’s matching contributions may
                not exceed: (Choose one of (1) or
                (2))

            

    

    
      
         

        
          	
                	o	
                  (1)             .
                    [Note:
                    The Employer may elect (1) to place an overall dollar or percentage
                    limit
                    on matching contributions.]

                

        

      

      
         

        
          
            
              	
                    	o	
                      (2) 4%
                        of a Participant’s Compensation for the Plan Year under the discretionary
                        matching contribution formula. [Note: The Employer must elect (2) if
                        it elects a discretionary matching formula with the safe
                        harbor 401(k)
                        contribution formula and wishes to avoid the ACP
                        test.]

                    

            

          

           

        

      

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	o	
              (m) Qualified
                matching contributions. The Plan Administrator will allocate as
                qualified matching contributions, the matching contributions specified
                in
                Adoption Agreement Section:
                            .
                The Plan Administrator will allocate all other matching contributions
                as
                regular matching contributions. [Note: If the Employer
                elects two matching formulas, the Employer may use (m) to designate
                one of
                the formulas as a qualified matching
                contribution.]

            

    

    

    
      	16.	
              CONTRIBUTION
                ALLOCATION (3.04).

            

    

    

    Employer
      nonelective contributions (3.04(A)). The
      Plan
      Administrator will allocate the Employer’s nonelective contribution under the
      following contribution allocation formula: (Choose
      one of (a), (b) or (c). Choose (d) if applicable)

    

    
      	x	
              (a) Nonintegrated
                (pro rata) allocation
                formula.

            

    

    

    
      	o	
               (b) Permitted
                disparity. The following permitted disparity formula and
                definitions apply to the Plan: (Choose one of (1) or (2). Also choose
                (3))

            

    

    
      
         

        
          	
                   o

                	
                  
                    
                      
                        
                           (1) Two-tiered
                            allocation
                            formula.

                        

                      

                    

                  

                

        

        
           

          
            	
                     o

                  	
                    
                      
                        
                          
                            
                               (2) Four-tiered
                                allocation
                                formula.

                            

                          

                        

                      

                    

                  

          

        

      

      
        
          
             

            
              	
                       o

                    	
                      
                        
                          
                            
                              
                                
                                   (3) For
                                    purposes of Section 3.04(b), “Excess Compensation” means Compensation in
                                    excess of: (Choose one of a. or
                                    b.)

                                

                              

                            

                          

                        

                      

                    

            

          

          
             

          

        

      

    

    
      	
            	o	
               a.         %
                of the taxable wage base in effect on the first day of the Plan Year,
                rounded to the next highest
                $         (not exceeding
                the taxable wage base).

            

    

    

    
      	
            	o	
               b. The
                following integration level:
                            .
                
                [Note:
                  The integration level cannot exceed the taxable wage base
                  in effect for the Plan Year for which this Adoption
                  Agreement first
                  is effective.]

              

            

    

    
    

     

    
      	o	
               (c) Uniform
                points allocation formula. Under the uniform points allocation
                formula, a Participant receives: (Choose (1) or both (1) and (2) as
                applicable)

            

    

    
      
        
          
             

            
              	
                       o

                    	
                      
                        
                          
                            
                              
                                 (1)             
                                  point(s) for each Year of Service. Year of Service
                                  means:
                                              .

                              

                            

                          

                        

                      

                    

            

            
               

              
                	
                         o

                      	
                        
                          
                            
                              
                                
                                   (2) One
                                    point for each $        
                                    [not to exceed $200] increment of Plan Year
                                    Compensation.

                                

                              

                            

                          

                        

                      

              

            

          

          
            
              
                 

              

            

          

        

      

    

    
      	o	
              (d) Incorporation
                of contribution formula. The Plan Administrator will allocate the
                Employer’s nonelective contribution under Section(s) 3.01(c)(2), (d)(1) or
                (e) in accordance with the contribution formula adopted by the Employer
                under that Section.

            

    

    

    Qualified
      nonelective contributions. (3.04(F)).
      The Plan
      Administrator will allocate the Employer’s qualified nonelective contributions
      to: (Choose
      one of (e) or (f))

    

    
      	x	
              (e) Nonhighly
                compensated Employees
                only.

            

    

    

    
      	o	
               (f) All
                Participants.

            

    

    

    Related
      Employers. (Choose
      (g) if applicable)

    

    
      	o	
               (g) Allocate
                only to directly employed Participants. If two or more Related
                Employers adopt this Plan, the Plan Administrator will allocate all
                nonelective contributions and forfeitures attributable to nonelective
                contributions only to the Participants directly employed by the
                contributing Employer. If a Participant receives Compensation from
                more
                than one contributing Employer, the Plan Administrator will determine
                the
                allocations under this Section 3.04 by prorating the Participant’s
                Compensation between or among the participating Related Employers.
                [Note: If the Employer does not elect 3.04(g), the Plan
                Administrator will allocate all nonelective contributions
                and forfeitures without regard to which contributing Related
                Employer directly employs the Participant. The Employer may not elect
                3.04(g) under a safe harbor 401(k)
                Plan.]

            

    

    

    17.   FORFEITURE
      ALLOCATION (3.05).
      The
      Plan Administrator will allocate a Participant forfeiture: (Choose
      one or more of (a), (b) or (c) as applicable)
      [Note:
      Even if the Employer elects immediate vesting, the Employer should complete
      Section 3.05. See Plan Section 9.11.]

    

    
      	x	
              (a) Matching
                contribution forfeitures. To the extent attributable to matching
                contributions: (Choose one of (1) through
                (4))

            

    

     

    
      	
            	o	
               (1) As
                a discretionary matching
                contribution.

            

    

     

    
      	
            	x	
              (2) To
                reduce matching contributions.

            

    

     

    
      	
            	o	
              (3) As
                a discretionary nonelective
                contribution.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	
            	o	
               (4) To
                reduce nonelective contributions.

            

    

     

    
      
        	x	
                (b) Nonelective
                  contribution forfeitures. To the extent attributable to Employer
                  nonelective contributions: (Choose one of (1) through
                  (4))

              

      

    

    

    
      
        	
              	o	
                (1) As
                  a discretionary nonelective
                  contribution.

              

      

    

    

    
      	
            	o	
               (2) To
                reduce nonelective contributions.

            

    

    

    
      	
            	o	
               (3) As
                a discretionary matching
                contribution.

            

    

    

    
      
        
          	
                	x	
                  (4)
                    To
                    reduce matching
                    contributions.

                

        

      

    

     

    
      	o	
              (c) Reduce
                administrative expenses. First to reduce the Plan’s ordinary and
                necessary administrative expenses for the Plan Year and then allocate
                any
                remaining forfeitures in the manner described in Sections 3.05(a)
                or (b)
                as applicable.

            

    

    

    Timing
      of forfeiture allocation.
      The Plan
      Administrator will allocate forfeitures under Section 3.05 in the Plan Year:
      

    (Choose
      one of (d) or (e))

    

    
      	x	
              (d) In
                which the forfeiture occurs.

            

    

    

    
      	o	
              (e) Immediately
                following the Plan Year in which the forfeiture
                occurs.

            

    

    

    
      	18.	
              ALLOCATION
                CONDITIONS (3.06).

            

    

    

    Allocation
      conditions.
      The Plan
      does not apply any allocation conditions to deferral contributions, 401(k)
      safe
      harbor contributions (under Section 3.01(d)) or to Davis-Bacon contributions
      (except as the Davis-Bacon contract provides). To receive an allocation of
      matching contributions, nonelective contributions, qualified nonelective
      contributions or Participant forfeitures, a Participant must satisfy the
      following allocation condition(s): (Choose
      one or more of (a) through (i) as applicable)

     

    
      	o	
              (a) Hours
                of Service condition. The Participant must complete at least the
                specified number of Hours of Service (not exceeding 1,000) during
                the Plan
                Year:
                            .

            

    

    

    
      	x	
              (b) Employment
                condition.
                The Participant must be employed by the Employer on the last day
                of the
                      Plan
                Year       (designate
                time period).

            

    

    

    
      	o	
              (c) No
                allocation conditions.

            

    

    

    
      	o	
              (d) Elapsed
                Time Method. The Participant must complete at least the specified
                number (not exceeding 182) of consecutive calendar days of employment
                with
                the Employer during the Plan Year:
                            .

            

    

    

    
      	o	
              (e) Termination
                of Service/501 Hours of Service coverage rule. The Participant
                either must be employed by the Employer on the last day of the Plan
                Year
                or must complete at least 501 Hours of Service during the Plan Year.
                If
                the Plan uses the Elapsed Time Method of crediting Service, the
                Participant must complete at least 91 consecutive calendar days of
                employment with the Employer during the Plan
                Year.

            

    

    

    
      	o	
              (f) Special
                allocation conditions for matching contributions. The Participant
                must complete at least
                            
                Hours of Service during the
                            
                (designate time period) for the matching contributions made for
                that time period.

            

    

    

    
      	o	
              (g) Death,
                Disability or Normal Retirement Age. Any condition specified in
                Section 3.06
                            
                applies if the Participant incurs a Separation from Service during
                the
                Plan Year on account of:
                            
                (e.g., death, Disability or Normal Retirement
                Age).

            

    

    

    
      	x	
              (h) Suspension
                of allocation conditions for coverage. The suspension of
                allocation conditions of Plan Section 3.06(E) applies to the
                Plan.

            

    

    

    
      	x	
              (i) Limited
                allocation conditions. The Plan does not impose an allocation
                condition for the following types of contributions:
                       Employer Matching
                Contributions      . [Note: Any
                election to limit the Plan’s allocation conditions to certain
                contributions must be the same for all Participants, be definitely
                determinable and not discriminate in favor of Highly Compensated
                Employees.]

            

    

    

    ARTICLE
      IV

    PARTICIPANT
      CONTRIBUTIONS

    
      
19.    EMPLOYEE
        (AFTER TAX)
        CONTRIBUTIONS (4.02). The following elections apply to
        Employee contributions: (Choose one of (a) or (b). Choose (c) if
        applicable)

    

     

    
      	x	
              (a) Not
                permitted. The Plan does not permit Employee
                contributions.

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	o	
              (b) Permitted.
                The Plan permits Employee contributions subject to the following
                limitations:
                            .
                
                [Note:
                  Any designated limitation(s) must be the same for all Participants,
                  be
                  definitely determinable and not discriminate in favor of Highly
                  Compensated Employees.]

              

            

    

    

    
      	o	
              (c) Matching
                contribution. For each Plan Year, the Employer’s matching
                contribution made with respect to Employee contributions is:
                            .

            

    

    

    ARTICLE
      V

    VESTING
      REQUIREMENTS

     

    
      
        20.    NORMAL/EARLY
          RETIREMENT AGE (5.01). A Participant attains Normal
          Retirement Age (or Early Retirement Age, if applicable) under the Plan on the
          following date: (Choose one of (a) or (b). Choose (c) if
          applicable)

      

    

    

    
      	x	
              (a) Specific
                age. The date the Participant attains age
                       65       .
                [Note: The age may not exceed age
                65.]

            

    

    

    
      	o	
              (b) Age/participation.
                The later of the date the Participant attains
                             
                years of age or the
                            
                anniversary of the first day of the Plan Year in which the Participant
                commenced participation in the Plan. [Note: The
                age may not exceed age 65 and the anniversary may not exceed
                the 5th.]

            

    

    

    
      	o	
              (c) Early
                Retirement Age. Early Retirement Age is the later of: (i) the
                date a Participant attains age
                            
                or (ii) the date a Participant reaches his/her
                            
                anniversary of the first day of the Plan Year in which the Participant
                commenced participation in the
                Plan.

            

    

     

    
      
        21.    PARTICIPANT’S
          DEATH OR DISABILITY (5.02). The 100% vesting rule
          under Plan Section 5.02 does not apply to: (Choose (a) or (b) or both as
          applicable)

      

    

    

    
      	o	
              (a) Death.

            

    

    

    
      	o	
              (b) Disability.

            

    

    

    
      22.    VESTING
        SCHEDULE (5.03). A Participant has a 100% Vested
        interest at all times in his/her deferral contributions, qualified nonelective
        contributions, qualified matching contributions, 401(k) safe harbor
        contributions and Davis-Bacon contributions (unless otherwise indicated in
        (f)).
        The following vesting schedule applies to Employer regular matching
        contributions and to Employer nonelective contributions: (Choose (a) or
        choose one or more of (b) through (f) as applicable)

    

    

    
      	o	
               (a) Immediate
                vesting. 100% Vested at all times. [Note: The
                Employer must elect (a) if the Service condition under Section 2.01
                exceeds One Year of Service or more than twelve
                months.]

            

    

    

    
      	x	
              (b) Top-heavy
                vesting schedules. [Note: The Employer must choose one of
                (b)(1), (2) or (3) if it does not elect
                (a).]

            

    

    

    
      	
            	o	
               (1) 6-year
                graded as specified in the
                Plan.                                     x      (3) Modified
                top-heavy schedule

            

    

     

    
      	
            	o	
               (2) 3-year
                cliff as specified in the Plan.

            

    

    

    
      	 	
              Years
                of 

              Service
                

            	
              Vested

              Percentage

            
	 	 	 
	 	
              Less
                than 1 

            	
              0%

            
	 	 	 
	 	
               1

            	
              20%

            
	 	 	 
	 	
               2

            	
              40%

            
	 	 	 
	 	
               3

            	
              60%

            
	 	 	 
	 	
               4

            	
              80%

            
	 	 	 
	 	
               5

            	
              100%

            
	 	 	 
	 	
                    
6
                or more 

            	
              100%

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	o	
              (c) Non-top-heavy
                vesting schedules. [Note: The Employer may elect one of
                (c)(1), (2) or (3) in addition to
                (b).]

            

    

    

    
      	o	
              (1) 7-year
                graded as specified in the Plan.                     o  (3) Modified
                non-top-heavy schedule

            

    

     

    
      	o	
              (2) 5-year
                cliff as specified in the Plan.

            

    

     

    
      	 	
              Years
                of

              Service
                

            	
              Vested

              Percentage

            
	 	 	 
	 	
              Less
                than 1 

            	
                    %

            
	 	 	 
	 	
              1
                

            	
                    %

            
	 	 	 
	 	
              2
                

            	
                    %

            
	 	 	 
	 	
              3
                

            	
                    %

            
	 	 	 
	 	
              4
                

            	
                    %

            
	 	 	 
	 	
              5
                

            	
                    %

            
	 	 	 
	 	
              6
                

            	
                    %

            
	 	 	 
	 	
                           
                7 or more 

            	
              100%

            

    

    

    If
      the
      Employer does not elect (c), the vesting schedule elected in (b) applies to
      all
      Plan Years. [Note:
      The modified top-heavy schedule of (b)(3) must satisfy Code §416. If the
      Employer elects (c)(3), the modified non-top-heavy schedule must satisfy Code
      §411(a)(2).]

    

    
      	o	
              (d) Separate
                vesting election for regular matching contributions. In lieu of
                the election under (a), (b) or (c), the following vesting schedule
                applies
                to a Participant’s regular matching contributions: (Choose one of (1)
                or (2))

            

    

    

    
      	
            	o	
              (1) 100%
                Vested at all times.

            

    

    

    
      	
            	o	
              (2) Regular
                matching vesting schedule:
                            .
                
                [Note:
                  The vesting schedule completed under (d)(2) must comply with Code
                  §411(a)(4).]

              

            

    

     

    
      	o	
              (e) Application
                of top-heavy schedule. The non-top-heavy schedule elected under
                (c) applies in all Plan Years in which the Plan is not a top-heavy
                plan.
                [Note: If the Employer does not elect (e), the top-heavy vesting
                schedule will apply for the first Plan Year in which the Plan is
                top-heavy
                and then in all subsequent Plan
                Years.]

            

    

    

    
      	o	
              (f) Special
                vesting
                provisions:             .
                [Note: Any special vesting provision must satisfy Code
                §411(a). Any special vesting provision must be definitely determinable,
                not discriminate in favor of Highly Compensated Employees and not
                violate
                Code §401(a)(4).]

            

    

    

    23.    YEAR
      OF SERVICE - VESTING (5.06).
      (Choose
      (a) and (b)):
      [Note:
      If the Employer elects the Elapsed Time Method or elects immediate vesting,
      the
      Employer should not complete (a) or (b).]

    

    
      	x	
              (a) Year
                of Service. An Employee must complete at least
                       1000      
                Hours of Service during a vesting computation period to receive credit
                for
                a Year of Service under Article V. [Note: The number may not exceed
                1,000. If left blank, the requirement is
                1,000.]

            

    

    

    
      	x	
              (b) Vesting
                computation period. The Plan measures a Year of Service on the
                basis of the following 12-consecutive month period: (Choose one of (1)
                or (2))

            

    

    

    
      	
            	x	
              (1) Plan
                Year.

            

    

    

    
      	
            	o	
               (2) Employment
                year (anniversary of Employment Commencement
                Date).

            

    

    

    24.    EXCLUDED
      YEARS OF SERVICE - VESTING (5.08).
      The
      Plan excludes the following Years of Service for purposes of vesting:
(Choose
      (a) or choose one or more of (b) through (f) as applicable)

    

    
      	x	
              (a) None.
                None other than as specified in Plan Section
                5.08(a).

            

    

    

    
      	o	
              (b) Age
                18. Any Year of Service before the Year of Service during which
                the Participant attained the age of
                18.

            

    

    

    
      	o	
              (c) Prior
                to Plan establishment. Any Year of Service during the period the
                Employer did not maintain this Plan or a predecessor
                plan.

            

    

    

    
      	o	
              (d) Parity
                Break in Service. Any Year of Service excluded under the rule of
                parity. See Plan Section 5.10.

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    
      
        	o	
                (e) Prior
                  Plan terms. Any Year of Service disregarded under the terms of
                  the Plan as in effect prior to this restated
                  Plan.

              

      

    

    

    
      	o	
              (f) Additional
                exclusions. Any Year of Service before:
                             .
                
                [Note:
                  Any exclusion specified under (f) must comply with Code §411(a)(4).
                  Any exclusion must be definitely determinable, not discriminate
                  in
                  favor of Highly Compensated Employees and not violate Code
                  §401(a)(4). If the Employer elects immediate vesting, the
                  Employer should not complete Section
                  5.08.]

              

            

    

    

    ARTICLE
      VI 

    DISTRIBUTION
      OF ACCOUNT BALANCE

    

    
      25.    TIME
        OF PAYMENT OF ACCOUNT BALANCE (6.01).
        The
        following time of distribution elections apply to the Plan:

    

    

    Separation
      from Service/Vested Account Balance not exceeding $5,000.
      Subject
      to the limitations of Plan Section 6.01(A)(1), the Trustee will distribute
      in a
      lump sum (regardless of the Employer’s election under Section 6.04) a separated
      Participant’s Vested Account Balance not exceeding $5,000: (Choose
      one of (a) through (d))

    

    
      	x	
              (a) Immediate.
                As soon as administratively practicable following the
                Participant’s Separation from
                Service.

            

    

    

    
      	o	
              (b) Designated
                Plan Year. As soon as administratively practicable in the
                            
                Plan Year beginning after the Participant’s Separation from
                Service.

            

    

    

    
      	o	
              (c) Designated
                Plan Year quarter. As soon as administratively practicable in the
                            
                Plan Year quarter beginning after the Participant’s Separation from
                Service.

            

    

    

    
      	o	
              (d) Designated
                distribution. As soon as administratively practicable in the:
                            following
                the Participant’s Separation from Service. [Note: The designated
                distribution time must be the same for all Participants, be definitely
                determinable, not discriminate in favor of Highly Compensated Employees
                and not violate Code
§401(a)(4).]

            

    

     

    Separation
      from
      Service/Vested Account Balance exceeding $5,000.
      A
      separated Participant whose Vested Account Balance exceeds $5,000 may elect
      to
      commence distribution of his/her Vested Account Balance no earlier than:
(Choose
      one of (e) through (i). Choose (j) if applicable)

    

    
      	x	
              (e) Immediate.
                As soon as administratively practicable following the
                Participant’s Separation from
                Service.

            

    

    

    
      	o	
              (f) Designated
                Plan Year. As soon as administratively practicable in the
                            
                Plan Year beginning after the Participant’s Separation from
                Service.

            

    

    

    
      	o	
              (g) Designated
                Plan Year quarter. As soon as administratively practicable in the
                            
                Plan Year quarter following the Plan Year quarter in which the Participant
                elects to receive a distribution.

            

    

    

    
      	o	
              (h) Normal
                Retirement Age. As soon as administratively practicable after the
                close of the Plan Year in which the Participant attains Normal Retirement
                Age and within the time required under Plan Section
                6.01(A)(2).

            

    

    

    
      	o	
              (i) Designated
                distribution. As soon as administratively practicable in the:
                            
                following the Participant’s Separation from Service. [Note: The
                designated distribution time must be the same for all Participants,
                be
                definitely determinable, not discriminate in favor of Highly Compensated
                Employees and not violate Code
§401(a)(4).]

            

    

    

    
      	o	
              (j) Limitation
                on Participant’s right to delay distribution. A Participant may
                not elect to delay commencement of distribution of his/her Vested
                Account
                Balance beyond the later of attainment of age 62 or Normal Retirement
                Age.
                [Note: If the Employer does not elect (j), the Plan permits a
                Participant who has Separated from Service to delay distribution
                until
                his/her required beginning date. See Plan Section
                6.01(A)(2).]

            

    

    

    
      Participant
        elections
        prior to Separation from Service.
        A
        Participant, prior to Separation from Service may elect any of the following
        distribution options in accordance with Plan Section 6.01(C). (Choose
        (k) or choose one or more of (l) through (o) as applicable). [Note:
        If the Employer elects any in-service distributions option, a Participant
        may
        elect to receive one in-service distribution per Plan Year unless the Plan’s
        in-service distribution form provides for more frequent in-service
        distributions.]

    

    

    
      	o	
              (k) None.
                A Participant does not have any distribution option prior to Separation
                from Service, except as may be provided under Plan Section
                6.01(C).

            

    

    

    
      	x	
              (l) Deferral
                contributions. Distribution of all or any portion (as permitted
                by the Plan) of a Participant’s Account Balance attributable to deferral
                contributions if: (Choose one or more of (1), (2) or (3) as
                applicable)

            

    

    

    
      	
            	x	
              (1) Hardship
                (safe harbor hardship rule). The Participant has incurred a
                hardship in accordance with Plan Sections 6.09 and
                14.11(A).

            

    

    

    
      	
            	o	
              (2) Age.
                The Participant has attained age
                            
                (Must be at least age 59
                1/2).

            

    

    

    
      	
            	o	
              (3) Disability.
                The Participant has incurred a
                Disability.

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	o	
              (m) Qualified
                nonelective contributions/qualified matching contributions/safe harbor
                contributions. Distribution of all or any portion of a
                Participant’s Account Balance attributable to qualified nonelective
                contributions, to qualified matching contributions, or to 401(k)
                safe
                harbor contributions if: (Choose (1) or (2) or both as
                applicable)

            

    

    

    
      	
            	o	
              (1) Age.
                The Participant has attained age
                             (Must
                be at least age 59 1/2).

            

    

    

    
      	
            	o	
              (2) Disability.
                The Participant has incurred a
                Disability.

            

    

    

    
      	o	
              (n) Nonelective
                contributions/regular matching contributions. Distribution of all
                or any portion of a Participant’s Vested Account Balance attributable to
                nonelective contributions or to regular matching contributions if:
                (Choose one or more of (1) through (5) as
                applicable)

            

    

    

    
      	
            	o	
              (1) Age/Service
                conditions. (Choose one or more of a. through d. as
                applicable):

            

    

    

    
      	
            	o	
              a. Age.
                The Participant has attained age
                            .

            

    

    

    
      	
            	o	
              b. Two-year
                allocations. The Plan Administrator has allocated the
                contributions to be distributed for a period of not less than
                            
                Plan Years before the distribution date. [Note: The minimum number of
                years is 2.]

            

    

    

    
      	
            	o	
              c. Five
                years of participation. The Participant has participated in the
                Plan for at least
                            
                Plan Years. [Note: The minimum number of years is
                5.]

            

    

    

    
      	
            	o	
              d. Vested.
                The Participant is
                            %
                Vested in his/her Account Balance. See Plan Section 5.03(A).
                [Note: If an Employer makes more than one election under
                Section 6.01(n)(1), a Participant must satisfy all conditions before
                the Participant is eligible for the
                distribution.]

            

    

    

    
      	
            	o	
              (2) Hardship.
                The Participant has incurred a hardship in accordance with Plan Section
                6.09.

            

    

    

    
      	
            	o	
              (3) Hardship
                (safe harbor hardship rule). The Participant has incurred a
                hardship in accordance with Plan Sections 6.09 and
                14.11(A).

            

    

    

    
      	
            	o	
              (4) Disability.
                The Participant has incurred a
                Disability.

            

    

    

    
      	
            	o	
              (5) Designated
                condition. The Participant has satisfied the following
                condition(s):
                            .
                
                [Note:
                  Any designated condition(s) must be the same for all Participants,
                  be
                  definitely determinable and not discriminate in favor of Highly
                  Compensated Employees.]

              

            

    

     

    
      
        	x	
                (o) Participant
                  contributions. Distribution of all or any portion of a
                  Participant’s Account Balance attributable to the following Participant
                  contributions described in Plan Section 4.01: (Choose one of (1), (2)
                  or (3))

              

      

    

    

    
      	
            	o	
              (1) All
                Participant contributions.

            

    

    

    
      	
            	o	
              (2) Employee
                contributions only.

            

    

    

    
      	
            	x	
              (3) Rollover
                contributions only.

            

    

    

    Participant
      loan default/offset.
      See
      Section 6.08 of the Plan.

    

    
      26.    DISTRIBUTION
        METHOD (6.03).
        A
        separated Participant whose Vested Account Balance exceeds $5,000 may elect
        distribution under one of the following method(s) of distribution described
        in
        Plan Section 6.03: (Choose
        one or more of (a) through (d) as applicable)

    

    

    
      	x	
              (a) Lump
                sum.

            

    

    

    
      	o	
              (b) Installments.

            

    

    

    
      	x	
              (c) Installments
                for required minimum distributions
                only. 

            

    

    

    
      
        
          	o	
                  (d) Annuity
                    distribution
                    option(s):              . 
                    
                    [Note:
                      Any optional method of distribution may not be subject
                      to Employer,
                      Plan Administrator or Trustee
                      discretion.]

                  

                

        

         

        
          27.    JOINT
            AND SURVIVOR ANNUITY REQUIREMENTS (6.04).
            The
            joint and survivor annuity distribution requirements of Plan Section
            6.04:
(Choose
            one of (a) or (b))

        

      

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

      
        	x	
                (a) Profit
                  sharing plan exception. Do not apply to a Participant, unless the
                  Participant is a Participant described in Section 6.04(H) of the
                  Plan.

              

      

    

     

    
      	o	
              (b) Applicable.
                Apply to all Participants.

            

    

    

    ARTICLE
      IX

    PLAN
      ADMINISTRATOR - DUTIES WITH RESPECT TO PARTICIPANTS’
ACCOUNTS

    

    28.    ALLOCATION
      OF NET INCOME, GAIN OR LOSS (9.08).
      For
      each type of contribution provided under the Plan, the Plan allocates net
      income, gain or loss using the following method: (Choose
      one or more of (a) through (e) as applicable)

    

    
      	x	
              (a) Deferral
                contributions/Employee contributions. (Choose one or
                more of (1) through (5) as
                applicable)

            

    

    

    
      	
            	x	
              (1) Daily
                valuation method. Allocate on each business day of the Plan Year
                during which Plan assets for which there is an established market
                are
                valued and the Trustee is conducting
                business.

            

    

    

    
      	
            	o	
              (2) Balance
                forward method. Allocate using the balance forward
                method.

            

    

    

    
      	
            	o	
              (3) Weighted
                average method. Allocate using the weighted average method, based
                on the following weighting period:
                            .
                See Plan Section 14.12.

            

    

    

    
      	
            	o	
              (4) Balance
                forward method with adjustment. Allocate pursuant to the balance
                forward method, except treat as part of the relevant Account at the
                beginning of the valuation period
                        % of the
                contributions made during the following valuation period:
                            .

            

    

    

    
      	
            	o	
              (5) Individual
                account method. Allocate using the individual account method. See
                Plan Section 9.08.

            

    

     

    
      	x	
              (b) Matching
                contributions. (Choose one or more of (1) through (5) as
                applicable)

            

    

    

    
      	
            	x	
              (1) Daily
                valuation method. Allocate on each business day of the Plan Year
                during which Plan assets for which there is an established market
                are
                valued and the Trustee is conducting
                business.

            

    

    

    
      	
            	o	
              (2) Balance
                forward method. Allocate using the balance forward
                method.

            

    

    

    
      	
            	o	
              (3) Weighted
                average method. Allocate using the weighted average method, based
                on the following weighting period:
                            .
                See Plan Section 14.12.

            

    

    

    
      	
            	o	
              (4) Balance
                forward method with adjustment. Allocate pursuant to the balance
                forward method, except treat as part of the relevant Account at the
                beginning of the valuation period
                        % of the
                contributions made during the following valuation period:
                            .

            

    

    

    
      	
            	o	
              (5) Individual
                account method. Allocate using the individual account method. See
                Plan Section 9.08.

            

    

    

    
      	x	
              (c) Employer
                nonelective contributions. (Choose one or more of (1)
                through (5) as applicable)

            

    

    

    
      	
            	x	
              (1) Daily
                valuation method. Allocate on each business day of the Plan Year
                during which Plan assets for which there is an established market
                are
                valued and the Trustee is conducting
                business.

            

    

    

    
      	 	o	
              (2) Balance
                forward method. Allocate using the balance forward
                method.

            

    

    

    
      	
            	o	
              (3) Weighted
                average method. Allocate using the weighted average method, based
                on the following weighting period:
                            .
                See Plan Section 14.12.

            

    

    

    
      	
            	o	
              (4) Balance
                forward method with adjustment. Allocate pursuant to the balance
                forward method, except treat as part of the relevant Account at the
                beginning of the valuation period
                        % of the
                contributions made during the following valuation period:
                            .

            

    

    

    
      	
            	o	
              (5) Individual
                account method. Allocate using the individual account method. See
                Plan Section 9.08.

            

    

    

    
      	o	
              (d) Specified
                method. Allocate pursuant to the following method:
                            .
                
                [Note:
                  The specified method must be a definite predetermined formula which
                  is not
                  based on Compensation, which satisfies the nondiscrimination requirements
                  of Treas. Reg. §1.401(a)(4) and which is applied uniformly to all
                  Participants.]

              

            

    

    

    
      	o	
              (e) Interest
                rate factor. In accordance with Plan Section 9.08(E), the Plan
                includes interest at the following rate on distributions made more
                than 90
                days after the most recent valuation date:
                            .

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      X

    TRUSTEE
      AND CUSTODIAN, POWERS AND DUTIES

    

    
      
        29.    INVESTMENT
          POWERS (10.03).
          The
          following additional investment options or limitations apply under Plan
          Section
          10.03:       N/A       .
          [Note:
          Enter “N/A” if not applicable.]

      

    

    

    
      30.    VALUATION
        OF TRUST (10.15).
        In
        addition to the last day of the Plan Year, the Trustee must value the Trust
        Fund
        on the following valuation date(s): (Choose
        one of (a) through (d))

    

    

    
      	x	
              (a) Daily
                valuation dates. Each business day of the Plan Year on which Plan
                assets for which there is an established market are valued and the
                Trustee
                is conducting business.

            

    

    

    
      	o	
              (b) Last
                day of a specified period. The last day of each
                             
                of the Plan Year.

            

    

    

    
      	o	
              (c) Specified
                dates:             .

            

    

    

    
      	o	
              (d) No
                additional valuation
                dates.

            

    

    

    
      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

    

      Execution
        Page

       

      
        The
          Trustee (and Custodian, if applicable), by executing this Adoption Agreement,
          accepts its position and agrees to all of the obligations, responsibilities
          and
          duties imposed upon the Trustee (or Custodian) under the Prototype Plan
          and
          Trust The Employer hereby agrees to the provisions of this Plan and Trust,
          and
          in witness of its agreement, the Employer by its duly authorized officers,
          has
          executed this Adoption Agreement, and the Trustee (and Custodian, if applicable)
          has signified its acceptance, on:
          _____________________________________________________________________________________________________________________. 

         

      

      
        	 	
                Name
                  of Employer:   America’s
                  Car-Mart, Inc.   

              
	 	
                Employer’s
                  EIN:   
                  71-0791606   

              
	 	
                Signed:                                                                                                                  

                
                  
                                                                                                                                    
    [Name/Title]

                

              
	 	 
	 	
                Name(s)
                  of Trustee:

              
	 	
                   Bank
                  of Arkansas,
                  N.A.                                                                    

              
	 	
                  
                   
                                                                                                                                

              
	 	
                
                                                                                                                                  

                

              
	 	
                
                                                                                                                                  

                

              
	 	
                
                                                                                                                                  

                

              
	 	
                 

              
	 	
                Trust
                  EIN (Optional):

              
	 	
                
                                                                                                                                  

                

              
	 	
                
                  Signed:                                                                                                                  

                

              
	 	
                
                                                                                                                                  

                

              
	 	
                [Name/Title]

              
	 	
                
                  Signed:                                                                                                                  

                

              
	 	
                
                  
                                                                                                                                    

                  

                

              
	 	
                [Name/Title]

              
	 	
                
                  Signed:                                                                                                                  

                

              
	 	
                
                                                                                                                                  

                

              
	 	
                [Name/Title]

              
	 	 
	 	
                
                  Signed:                                                                                                                  

                

              
	 	
                
                                                                                                                                  

                

              
	 	
                [Name/Title]

              
	 	 
	 	
                Name
                  of Custodian (Optional):

              
	 	
                     N/A                                                                                                       

              
	 	
                
                  Signed:                                                                                                                  

                

              
	 	
                
                                                                                                                                  

                

              
	 	
                [Name/Title]

              

      

       

      31.    Plan
        Number.
        The
        3-digit plan number the Employer assigns to this Plan for ERISA reporting
        purposes (Form 5500 Series) is:        001    .

      

      Use
        of Adoption Agreement.
        Failure
        to complete properly the elections in this Adoption Agreement may result
        in
        disqualification of the Employer’s Plan. The Employer only may use this Adoption
        Agreement in conjunction with the basic plan document referenced by its document
        number on Adoption Agreement page one.

      

      Execution
        for Page Substitution Amendment Only.
        If this
        paragraph is completed, this Execution Page documents an amendment to Adoption
        Agreement Section(s)   3.02
        (b)  
        effective   February
        7, 2005  ,
        by
        substitute Adoption Agreement page number(s)  
        6  .

       

      Prototype
        Plan Sponsor.
        The
        Prototype Plan Sponsor identified on the first page of the basic plan document
        will notify all adopting employers of any amendment of this Prototype Plan
        or of
        any abandonment or discontinuance by the Prototype Plan Sponsor of its
        maintenance of this Prototype Plan. For inquiries regarding the adoption
        of the
        Prototype Plan, the Prototype Plan Sponsor’s intended meaning of any Plan
        provisions or the effect of the opinion letter issued to the Prototype Plan
        Sponsor, please contact the Prototype Plan Sponsor at the following address
        and
        telephone number:   P.O.
        Box 880, Tulsa, OK 74101-0880,   918-588-6573 or
        800-285-9559                                                                                                                       
.

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

       

      Reliance
        on Sponsor Opinion Letter.
        The
        Prototype Plan Sponsor has obtained from the IRS an opinion letter specifying
        the form of this Adoption Agreement and the basic plan document satisfy,
        as of
        the date of the opinion letter, Code §401. An adopting Employer may rely on the
        Prototype Sponsor’s IRS opinion letter only
        to the
        extent provided in Announcement 2001-77, 2001-30 I.R.B. The Employer may
        not
        rely on the opinion letter in certain other circumstances or with respect
        to
        certain qualification requirements, which are specified in the opinion letter
        and in Announcement 2001-77. In order to have reliance in such circumstances
        or
        with respect to such qualification requirements, the Employer must apply
        for a
        determination letter to Employee Plans Determinations of the Internal Revenue
        Service.

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

      PARTICIPATION
        AGREEMENT

      

      x Check
        here if not
        applicable and do not
        complete this page.

      

      The
        undersigned Employer, by executing this Participation Agreement, elects to
        become a Participating Employer in the Plan identified in Section 1.21 of
        the
        accompanying Adoption Agreement, as if the Participating Employer were a
        signatory to that Adoption Agreement. The Participating Employer accepts,
        and
        agrees to be bound by, all of the elections granted under the provisions
        of the
        Prototype Plan as made by the Signatory Employer to the Execution Page of
        the
        Adoption Agreement, except as otherwise provided in this Participation
        Agreement.

      

      32. EFFECTIVE
        DATE (1.10).
        The
        Effective Date of the Plan for the Participating Employer is:    __________________________  .

      

      33. NEW
        PLAN/RESTATEMENT.
        The
        Participating Employer’s adoption of this Plan constitutes: (Choose
        one of (a) or (b))

      

      
        	o	
                (a) The
                  adoption of a new plan by the Participating
                  Employer.

              

      

      

      
        	o	
                (b) The
                  adoption of an amendment and restatement of a plan currently maintained
                  by
                  the Participating Employer, identified
                  as: ____________________________________, and having an original
                  effective date
                  of: ___________________________________________________.

              

      

       

      
        34. PREDECESSOR
          EMPLOYER SERVICE (1.30).
          In
          addition to the predecessor service credited by reason of Section 1.30
          of the
          Plan, the Plan credits as Service under this Plan, service with this
          Participating Employer. (Choose
          one or more of (a) through (d) as applicable):
          [Note:
          If the Plan does not credit any additional predecessor service under Section
          1.30 for this Participating Employer, do not complete this
          election.]

      

      

      
        	o	
                (a) Eligibility.
                  For eligibility under Article II. See Plan Section 1.30
                  for time
                  of Plan entry.

              

      

      

      
        	o	
                (b) Vesting.
                  For vesting under Article
                  V.

              

      

       

      
        	o	
                (c) Contribution
                  allocation. For contribution allocations under Article
                  III.

              

      

      

      
        	o	
                (d) Exceptions.
                  Except for the following Service:
                       .

              

      

      

      
        	
                Name
                  of Plan:

                                                                                
                  

              	 	
                Name
                  of Participating Employer:

                
                                                                                                                                                                                 
                    

                

              
	 	 	 
	 	 	Signed:                                                                                                                                                
                 
	 	 	
                 [Name/Title]

              
	 	 	
                
                                                                                                                        
                                                                            
                    
[Date]

              
	 	 	
                Participating
                  Employer’s EIN:                                                                                      
                                      
                  

              

      

       

      Acceptance
        by the Signatory Employer to the Execution Page of the Adoption Agreement
        and by
        the Trustee.

      
        

        
          	
                  
                    Name
                      of Signatory Employer:
                                                                                                                
                                                                  
                    

                	 	
                  
                    Name(s)
                      of Trustee:
                                                                                                                                                               
                    

                
	
                                                                                                                                      
                                                              
                    

                  
                    [Name/Title]

                  

                	 	
                                                                                                                                                                                 
                    

                  
                     [Name/Title]

                  

                
	
                  Signed: 
                                                                                                                 
                                                                     
                    

                	 	
                  
                     

                    Signed: 
                                                                                                                                 
                                                          
                      

                  

                   

                
	
                                                                                                                                                                  
                                  

                	 	
                  
                    
                                                                                                                                                          
                                                  

                    

                  

                
	
                   [Date]

                	 	
                   [Date]

                

        

      

       

      [Note:
        Each Participating Employer must execute a separate Participation Agreement.
        If
        the Plan does not have a Participating Employer, the Signatory Employer may
        delete this page from the Adoption Agreement.]

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

    

    APPENDIX
      A

    TESTING
      ELECTIONS/EFFECTIVE DATE ADDENDUM

    

    35.    The
      following
      testing elections and special effective dates apply:
      (Choose one or more of (a) through (n) as applicable)

     

    
      	
              o

            	
              (a)
                Highly
                Compensated Employee (1.14).
                For Plan Years beginning after             ,
                the Employer makes the following election(s) regarding the definition
                of
                Highly Compensated Employee:

            

    

     

    
      	
               

            	
              (1) o
                Top paid group election.

            

    

     

    
      	
               

            	
              (2) o
                Calendar year data election (fiscal year
                plan).

            

    

     

    
      	
              x

            	
              (b)
                401(k)
                current year testing.
                The Employer will apply the current year testing method in applying
                the
                ADP and ACP tests effective for Plan Years beginning after:       December
                31, 2001      .
                [Note:
                For Plan Years beginning on or after the Employer’s
                execution of
                its “GUST” restatement, the Employer must use the same testing method
                within the same Plan Year for both the ADP and ACP tests.]

            

    

     

    
      	
              
                o

              

            	
              (c)
                Compensation.
                The Compensation definition under Section 1.07 will apply for Plan
                Years
                beginning after:             .

            

    

     

    
      	
              
                o

              

            	
              (d)
                Election
                not to participate.
                The election not to participate under Section 2.06 is effective:
                            .

            

    

     

    
      	
              
                o

              

            	
              (e)
                401(k)
                safe harbor.
                The 401(k) safe harbor provisions under Section 3.01(d) are effective:
                            .

            

    

     

    
      	
              
                o

              

            	
              (f)
                Negative
                election.
                The negative election provision under Section 3.02(b) is effective:
                            .

            

    

     

    
      	
              
                o

              

            	
              (g)
                Contribution/allocation
                formula.
                The specified contribution(s) and allocation method(s) under Sections
                3.01
                and 3.04 are effective:             .

            

    

     

    
      	
              
                o

              

            	
              (h)
                Allocation
                conditions.
                The allocation conditions of Section 3.06 are effective:             .

            

    

     

    
      	
              
                o

              

            	
              (i)
                Benefit
                payment elections.
                The distribution elections of Section(s)             
                are effective:             .

            

    

     

    
      	
              
                o

              

            	
              (j)
                Election
                to continue pre-SBJPA required beginning date.
                A
                Participant may not elect to defer commencement of the distribution
                of
                his/her Vested Account Balance beyond the April 1 following the calendar
                year in which the Participant attains age 70 1/2. See Plan Section
                6.02(A).

            

    

     

    
      	
              
                o

              

            	
              (k)
                Elimination
                of age 70 1/2 in-service distributions.
                The Plan eliminates a Participant’s (other than a more than 5% owner)
                right to receive in-service distributions on April 1 of the calendar
                year
                following the year in which the Participant attains age 70 1/2 for
                Plan
                Years beginning after:             .

            

    

     

    
      	
              
                o

              

            	
              (l)
                Allocation
                of earnings.
                The earnings allocation provisions under Section 9.08 are effective:
                            .

            

    

     

    
      	
              
                o

              

            	
              (m)
                Elimination
                of optional forms of benefit.
                The Employer elects prospectively to eliminate the following optional
                forms of benefit: (Choose
                one or more of (1), (2) and (3) as
                applicable)

            

    

     

    
      
        
          
            	
                  	
                    o

                  	
                    (1)
                      QJSA and QPSA benefits as described in Plan Sections 6.04,
                      6.05 and 6.06
                      effective:             .

                  

          

        

      

    

     

    
      
        
          
            	
                  	
                    o

                  	
                    (2)
                      Installment distributions as described in Section 6.03 effective:
                                  .

                  

          

        

      

    

     

    
      	
              
                o

              

            	
              (3)
                Other optional forms of benefit (Any election to eliminate must be
                consistent with Treas. Reg. §1.411(d)-4):             .

            

    

     

    
      	
              x

            	
              (n)
                Special
                effective date(s):  Sections
                1.11(e) and 3.02 are effective January 1,
                2002          .

            

    

     

    For
      periods
      prior to the above-specified special effective date(s), the Plan terms in effect
      prior to its restatement under this Adoption Agreement will control for purposes
      of the designated provisions. A special effective date may not result in the
      delay of a Plan provision beyond the permissible effective date under any
      applicable law.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    APPENDIX
      B

    GUST
      Remedial Amendment Period Elections

    

    
      	36.	
              The
                following GUST restatement elections apply: (Choose
                one or more of (a) through (j) as
                applicable)

            

    

    

    
      	
              
                o

              

            	
              (a)
                Highly Compensated Employee elections.
                The Employer makes the following remedial amendment period elections
                with
                respect to the Highly Compensated Employee
                definition:

            

    

    

      
        	
                (1)
                  1997: 

              	
                
                  o
Top
                    paid group election.

                

              	
                 o Calendar
                  year election.

              
	 	
                o Calendar
                  year data election.

              	 
	
                (2)
                  1998:  

              	
                o Top
                  paid group election. 

              	
                 o
Calendar
                  year data election.

              
	
                (3)
                  1999: 

              	
                o Top
                  paid group election. 

              	
                 o Calendar
                  year data election.

              
	
                (4)
                  2000: 

              	
                o Top
                  paid group election. 

              	
                 o Calendar
                  year data election.

              
	
                (5)
                  2001: 

              	
                o Top
                  paid group election. 

              	
                 o Calendar
                  year data election.

              
	
                (6)
                  2002: 

              	
                o Top
                  paid group election. 

              	
                 o Calendar
                  year data election.

              

      

       

      
        	
                x

              	
                (b)
                  401(k)
                  testing methods.
                  The Employer makes the following remedial amendment period elections
                  with
                  respect to the ADP test and the ACP test: [Note:
                  The Employer may use a different testing method for the ADP and
                  ACP tests
                  through the end of
                  the Plan Year in which the Employer executes its GUST restated
                  Plan.]

              

      

       

      
        	
                ADP
                  test 

              	
                ACP
                  test 

              
	
                (1)
                  1997: 

              	
                 o
                  prior year 

              	
                 o
                  current year 

              	
                1997:
                  o
                  prior year 

              	
                 o current
                  year

              
	
                (2)
                  1998: 

              	
                 o
                  prior year
                  

              	
                 o
                  current year 

              	
                1998:
                  o
                  prior year 

              	
                 o
                  current year

              
	
                (3)
                  1999: 

              	
                 o
                  prior year 

              	
                 o
                  current year  

              	
                1999:
                  o
                  prior year 

              	
                 o
                  current year

              
	
                (4)
                  2000: 

              	
                 o
                  prior year 

              	
                 o
                  current year 

              	
                2000: o
                  prior year 

              	
                 o
                  current year

              
	
                (5)
                  2001: 

              	
                 o
                  prior year 

              	
                
                   xcurrent
                    year 

                

              	
                2001:
                  o
                  prior year 

              	
                 xcurrent
                  year

              
	
                (6)
                  2002: 

              	
                 o
                  prior year 

              	
                 o
                  current year 

              	
                2002:
                  o
                  prior year 

              	
                 o
                  current year

              

      

       

    

    
      	
              
                o

              

            	
              (c)
                Delayed
                application of SBJPA required beginning date.
                The Employer elects to delay the effective date for the required
                beginning
                date provision of Plan Section 6.02 until Plan Years beginning after:
                            .

            

    

    

    
      	
              
                
                  x

                

              

            	
              (d)
                Model
                Amendment for required minimum distributions.
                The Employer adopts the IRS Model Amendment in Plan Section 6.02(E)
                effective     March
                1, 2001      .
                [Note: The
                date must not be earlier than January 1, 2001.]

            

    

    

    Defined
      Benefit Limitation

     

    
      	
              
                o

              

            	
               (e)
                Code
                §415(e) repeal.
                The repeal of the Code §415(e) limitation is effective for Limitation
                Years beginning after             .
                [Note:
                If the Employer does not make an election under (e), the repeal is
                effective for Limitation Years beginning after December 31,
                1999.]

            

    

    

    Code
      §415(e)
      limitation.
      To the
      extent necessary to satisfy the limitation under Plan Section 3.17 for
      Limitation Years beginning prior to the repeal of Code §415(e),
      the Employer will reduce: (Choose
      one of (f) or (g))

     

    
      	
              
                o

              

            	
              (f)
                The Participant’s projected annual benefit under the defined benefit
                plan.

            

    

     

    
      	
              
                o

              

            	
              (g)
                The Employer’s contribution or allocation on behalf of the Participant to
                the defined contribution plan and then, if necessary, the Participant’s
                projected annual benefit under the defined benefit
                plan.

            

    

    

    Coordination
      with top-heavy minimum allocation.
      The Plan
      Administrator will apply the top-heavy minimum allocation provisions of Article
      XII with the following modifications: (Choose
      (h) or choose (i) or (j) or both as applicable)

     

    
      	
              
                o

              

            	
              (h)
                No modifications.

            

    

     

    
      	
              o

            	
              (i)
                For Non-Key Employees participating only in this Plan, the top-heavy
                minimum allocation is the minimum allocation determined by substituting
                     
                  %
                (not less than 4%) for “3%,” except: (Choose
                one of (1) or (2))

            

    

     

    
      
        
          
            
              
                
                  
                    	
                          	
                            o

                          	
                            (1)
                              No
                              exceptions.

                          

                  

                

              

            

          

        

      

    

     

    
      	
            	
              
                o

              

            	
              (2)
                Plan Years in which the top-heavy ratio exceeds
                90%.

            

    

     

    
      	
              
                o

              

            	
              (j)
                For Non-Key Employees also participating in the defined benefit plan,
                the
                top-heavy minimum is: (Choose
                one of (1) or (2))

            

    

     

    
      	
            	
              
                o

              

            	
              (1)
                5% of Compensation irrespective of the contribution rate of any Key
                Employee: (Choose
                one of a. or b.)

            

    

    
       

      
        	
              	
                
                  o

                

              	
                
                  a.
                    No exceptions.

                

              

      

    

    
      
         

        
          	
                	
                  
                    o

                  

                	
                  
                    
                      b.
                        Substituting “7 1/2%” for “5%” if the top-heavy ratio does not exceed
                        90%.

                    

                  

                

        

         

      

    

    
      	
            	
              
                o

              

            	
              (2)
                0%. [Note: The defined benefit plan must satisfy the top-heavy minimum
                benefit requirement for these Non-Key
                Employees.]

            

    

    

    Actuarial
      assumptions for top-heavy calculation. To
      determine the top-heavy ratio, the Plan Administrator will use the following
      interest rate and mortality assumptions to value accrued benefits under a
      defined benefit plan:             .

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    CHECKLIST
      OF EMPLOYER INFORMATION

    AND
      EMPLOYER ADMINISTRATIVE ELECTIONS

     

    Commencing
      with the       2002      
      Plan Year

     

    The
      Prototype Plan permits the Employer to make certain administrative elections
      not
      reflected in the Adoption Agreement. This form lists those administrative
      elections and provides a means of recording the Employer’s elections.
This
      checklist is not part of the Plan document.

     

    
      	37.	
              Employer
                Information.

            

    

     

      America’s
      Car-Mart,
      Inc.                                                                                                                                               

    [Employer
      Name]

     

      2007
      South 8th
      St.
      #1                                                                                                                                                      

    [Address]

     

    
      	
                Rogers, Arkansas
                72758                                                     

            	  479-636-0737                                                 
	
               [City,
                State and Zip Code]

            	[Telephone
              Number]

    

     

    
      	
              38.

            	
              Form
                of Business.

            

    

    
       

      
        	
                (a) x Corporation

              	
                (b) o S
                  Corporation

              
	 	 
	
                (c)
                  o Limited
                  Liability Company 

              	
                (d) o Sole
                  Proprietorship

              
	 	 
	
                (e) oPartnership

              	
                (f) 
                  o              

              

      

       

    

    
      	
              39.

            	
              Section
                1.07(F) - Nondiscriminatory
                definition of Compensation.
                When testing nondiscrimination under the Plan, the Plan permits the
                Employer to make elections regarding the definition of Compensation.
                [Note:
                This election solely is for purposes of nondiscrimination testing.
                The
                election does not affect the Employer’s elections under Section 1.07 which
                apply for purposes of allocating Employer contributions and Participant
                forfeitures.]

            

    

     

    (a) 
      x The
      Plan
      will “gross up” Compensation for Elective Contributions.

     

    (b) o The
      Plan
      will exclude Elective Contributions.

     

    
      	
              40.

            	
              Section
                4.04 - Rollover
                contributions.

            

    

     

    (a) 
      x The
      Plan
      accepts rollover contributions.

     

    (b) 
      o The
      Plan
      does not
      accept
      rollover contributions.

     

    
      	
              41.

            	
              Section
                8.06 - Participant direction of investment/404(c).
                The Plan authorizes Participant direction of investment with Trustee
                consent. If the Trustee permits Participant direction of investment,
                the
                Employer and the Trustee should adopt a policy which establishes
                the
                applicable conditions and limitations, including whether they intend
                the
                Plan to comply with ERISA §404(c).

            

    

     

    (a) 
      x The
      Plan
      permits Participant direction of investment and is a 404(c) plan.

     

    (b) 
      o The
      Plan
      does not
      permit
      Participant direction of investment or is a non-404(c) plan.

     

    
      	
              42.

            	
              Section
                9.04[A] - Participant loans.
                The Plan authorizes the Plan Administrator to adopt a written loan
                policy
                to permit Participant loans.

            

    

     

    (a) 
      x The
      Plan
      permits Participant loans subject to the following conditions:

     

    (1) x Minimum
      loan amount: $  1000      .

     

    (2) x Maximum
      number of outstanding loans:        1      .

     

    (3) x Reasons
      for which a Participant may request a loan:

     

    a. x Any
      purpose.

     

    b.
      o Hardship
      events.

     

    c. o Other:
                   .

     

    (4) 
      x Suspension
      of loan repayments:

     

    a. o Not
      permitted.

     

    b. x Permitted
      for non-military leave of absence.

     

    c. 
x Permitted
      for military
      service leave of absence.

     

    (5) 
      x The
      Participant must be a party in interest.

     

    (b) o The
      Plan
      does not
      permit
      Participant loans.

     

    
      	
              43.

            	
              Section
                11.01 - Life insurance.
                The Plan with Employer approval authorizes the Trustee to acquire
                life
                insurance.

            

    

     

    (a) o The
      Plan
      will invest in life insurance contracts.

     

    (b) x The
      Plan will
not invest in life insurance contracts.

     

    
      	44.	
              Surety
                bond company:              .
                Surety bond amount:  $          

            

    

    

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

     

     

    EGTRRA

    AMENDMENT
      TO THE 

    

    COLONIAL
      AUTO FINANCE, INC.

    401(K)
      PLAN

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      I

    PREAMBLE

    

    
      	
              1.1

            	
              Adoption
                and effective date of amendment.
                This amendment of the plan is adopted to reflect certain provisions
                of the
                Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). This
                amendment is intended as good faith compliance with the requirements
                of
                EGTRRA and is to be construed in accordance with EGTRRA and guidance
                issued thereunder. Except as otherwise provided, this amendment shall
                be
                effective as of the first day of the first plan year beginning after
                December 31, 2001.

            

    

    

    
      	
              1.2

            	
              Supersession
                of inconsistent provisions.
                This amendment shall supersede the provisions of the plan to the
                extent
                those provisions are inconsistent with the provisions of this
                amendment.

            

    

    

    ARTICLE
      II

    ADOPTION
      AGREEMENT ELECTIONS

    
       

      
        

      

    The
      questions in this Article II only need to be completed in order to override
      the
      default provisions set forth below. If all of the default provisions will apply,
      then these questions should be skipped.

    

    Unless
      the employer elects otherwise in this Article II, the following defaults
      apply:

     

    
      	
            	1)	
              The
                vesting schedule for matching contributions will be a 6 year graded
                schedule (if the plan currently has a graded schedule that does not
                satisfy EGTRRA) or a 3 year cliff schedule (if the plan currently
                has a
                cliff schedule that does not satisfy EGTRRA), and such schedule will
                apply
                to all matching contributions (even those made prior to
                2002).

            

    

     

    
      	
            	2)	
              Rollovers
                are automatically excluded in determining whether the $5,000 threshold
                has
                been exceeded for automatic cash-outs (if the plan is not subject
                to the
                qualified joint and survivor annuity rules and provides for automatic
                cash-outs). This is applied to all participants regardless of when
                the
                distributable event
                occurred.

            

    

     

    
      	
            	3)	
              The
                suspension period after a hardship distribution is made will be 6
                months
                and this will only apply to hardship distributions made after
                2001.

            

    

     

    
      	
            	4)	
              Catch-up
                contributions will be
                allowed.

            

    

     

    
      	
            	5)	
              For
                target benefit plans, the increased compensation limit of $200,000
                will be
                applied retroactively (i.e., to years prior to
                2002).

            

    

     

    
      

    

     

    
      	
              2.1

            	
              Vesting
                Schedule for Matching
                Contributions

            

    

    

    If
      there
      are matching contributions subject to a vesting schedule that does not satisfy
      EGTRRA, then unless otherwise elected below, for participants who complete
      an
      hour of service in a plan year beginning after December 31, 2001, the following
      vesting schedule will apply to all matching contributions subject to a vesting
      schedule:

    

    If
      the
      plan has a graded vesting schedule (i.e., the vesting schedule includes a vested
      percentage that is more than 0% and less than 100%) the following will
      apply:

    
 

    
      	
              Years
                of vesting service

            	
              Nonforfeitable
                percentage

            
	
              2

            	
              20%

            
	
              3

            	
              40%

            
	
              4

            	
              60%

            
	
              5

            	
              80%

            
	
              6

            	
              100%

            

    

     

    If
      the
      plan does not have a graded vesting schedule, then matching contributions will
      be nonforfeitable upon the completion of 3 years of vesting
      service.

    

    In
      lieu
      of the above vesting schedule, the employer elects the following
      schedule:

     

    
      	 	
              a.

            	
              o

            	
              3
                year cliff (a participant’s accrued benefit derived from employer matching
                contributions shall be nonforfeitable upon the participant’s completion of
                three years of vesting service).

            

    

    
       

      
        	 	
                b.

              	
                o

              	
                
                  6
                    year graded schedule (20% after 2 years of vesting service and
                    an
                    additional 20% for each year
                    thereafter).

                

              

      

    

    
      
         

        
          	 	
                  c.

                	
                  o

                	
                  
                    Other
                      (must be at least as liberal as a. or the b.
                      above):

                  

                

        

         

        
          
            	
                    Years
                      of vesting service

                  	
                    
                      Nonforfeitable
                        percentage

                    

                  
	 	 
	
                    ________

                  	
                    _________%

                  
	
                    ________

                  	
                    _________%

                  
	
                    ________

                  	
                    _________%

                  
	
                    ________

                  	
                    _________%

                  
	
                    ________

                  	
                    _________%

                  

          

        

      

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    The
      vesting schedule set forth herein shall only apply to participants who complete
      an hour of service in a plan year beginning after December 31, 2001, and, unless
      the option below is elected, shall apply to all
      matching
      contributions subject to a vesting schedule.

     
      
      
        	 	
                d.

              	
                o

              	
                
                  The
                    vesting schedule will only apply to matching contributions made
                    in plan
                    years beginning after December 31, 2001 (the prior schedule will
                    apply to
                    matching contributions made in prior plan
                    years).

                

              

      

    

    

    
      	
              2.2

            	
              Exclusion
                of Rollovers in Application of Involuntary Cash-out Provisions (for
                profit
                sharing and 401(k) plans only). If
                the plan is not subject to the qualified joint and survivor annuity
                rules
                and includes involuntary cash-out provisions, then unless one of
                the
                options below is elected, effective for distributions made after
                December
                31, 2001, rollover contributions will be excluded in determining
                the value
                of the participant’s nonforfeitable account balance for purposes of the
                plan’s involuntary cash-out rules.

            

    

     

    
      	 	
              a.

            	
              o

            	
              Rollover
                contributions will not be excluded.

            

    

     

    
      	
               

            	
              b.

            	
              o

            	
              Rollover
                contributions will be excluded only with respect to distributions
                made
                after             .
                (Enter a date no earlier than December 31,
                2001.)

            

    

    
       

      
        	
                 

              	
                c.

              	
                o

              	
                Rollover
                  contributions will only be excluded with respect to participants
                  who
                  separated from service after             .
                  (Enter a date. The date may be earlier than December 31,
                  2001.)

              

      

    

    

    
      	
              2.3

            	
              Suspension
                period of hardship distributions.
                If
                the plan provides for hardship distributions upon satisfaction of
                the safe
                harbor (deemed) standards as set forth in Treas. Reg. Section
                1.401(k)-1(d)(2)(iv), then, unless the option below is elected, the
                suspension period following a hardship distribution shall only apply
                to
                hardship distributions made after December 31,
                2001.

            

    

     

    
      	
            	o	
              With
                regard to hardship distributions made during 2001, a participant
                shall be
                prohibited from making elective deferrals and employee contributions
                under
                this and all other plans until the later of January 1, 2002, or 6
                months
                after receipt of the distribution.

            

    

    

    
      	
              2.4

            	
              Catch-up
                contributions (for 401(k) profit sharing plans only):
                The plan permits catch-up contributions (Article VI) unless the option
                below is elected. 

            

    

     

    
      	
            	o	
              The
                plan does not permit catch-up contributions to be
                made.

            

    

    

    
      	
              2.5

            	
              For
                target benefit plans only:
                The increased compensation limit ($200,000 limit) shall apply to
                years
                prior to 2002 unless the option below is
                elected.

            

    

     

    
      	
            	o	
              The
                increased compensation limit will not apply to years prior to
                2002.

            

    

    

    ARTICLE
      III

    VESTING
      OF MATCHING CONTRIBUTIONS

    

    
      	
              3.1

            	
              Applicability.
                This Article shall apply to participants who complete an Hour of
                Service
                after December 31, 2001, with respect to accrued benefits derived
                from
                employer matching contributions made in plan years beginning after
                December 31, 2001. Unless otherwise elected by the employer in Section
                2.1
                above, this Article shall also apply to all such participants with
                respect
                to accrued benefits derived from employer matching contributions
                made in
                plan years beginning prior to January 1,
                2002.

            

    

    

    
      	
              3.2

            	
              Vesting
                schedule.
                A
                participant’s accrued benefit derived from employer matching contributions
                shall vest as provided in Section 2.1 of this
                amendment.

            

    

    

    ARTICLE
      IV

    INVOLUNTARY
      CASH-OUTS

    

    
      	
              4.1

            	
              Applicability
                and effective date.
                If the plan provides for involuntary cash-outs of amounts less than
                $5,000, then unless otherwise elected in Section 2.2 of this amendment,
                this Article shall apply for distributions made after December 31,
                2001,
                and shall apply to all participants. However, regardless of the preceding,
                this Article shall not apply if the plan is subject to the qualified
                joint
                and survivor annuity requirements of Sections 401(a)(11) and 417
                of the
                Code.

            

    

    

    
      	
              4.2

            	
              Rollovers
                disregarded in determining value of account balance for involuntary
                distributions.
                For purposes of the Sections of the plan that provide for the involuntary
                distribution of vested accrued benefits of $5,000 or less, the value
                of a
                participant’s nonforfeitable account balance shall be determined without
                regard to that portion of the account balance that is attributable
                to
                rollover contributions (and earnings allocable thereto) within the
                meaning
                of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16)
                of the Code. If the value of the participant’s nonforfeitable account
                balance as so determined is $5,000 or less, then the plan shall
                immediately distribute the participant’s entire nonforfeitable account
                balance.

            

    

    

    ARTICLE
      V

    HARDSHIP
      DISTRIBUTIONS

    

    
      	
              5.1

            	
              Applicability
                and effective date.
                If the plan provides for hardship distributions upon satisfaction
                of the
                safe harbor (deemed) standards as set forth in Treas. Reg. Section
                1.401(k)-1(d)(2)(iv), then this Article shall apply for calendar
                years
                beginning after 2001.

            

    

    

    
      	
              5.2

            	
              Suspension
                period following hardship distribution.
                A
                participant who receives a distribution of elective deferrals after
                December 31, 2001, on account of hardship shall be prohibited from
                making
                elective deferrals and employee contributions
                under this and all other plans of the employer for 6 months after
                receipt
                of the distribution. Furthermore, if elected by the employer in Section
                2.3 of this amendment, a participant who receives a distribution
                of
                elective deferrals in calendar year 2001 on account of hardship shall
                be
                prohibited from making elective deferrals and employee contributions
                under
                this and all other plans until the later of January 1, 2002, or 6
                months
                after receipt of the
                distribution.

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      VI

    CATCH-UP
      CONTRIBUTIONS

    

    Catch-up
      Contributions.
      Unless
      otherwise elected in Section 2.4 of this amendment, all employees who are
      eligible to make elective deferrals under this plan and who have attained age
      50
      before the close of the plan year shall be eligible to make catch-up
      contributions in accordance with, and subject to the limitations of, Section
      414(v) of the Code. Such catch-up contributions shall not be taken into account
      for purposes of the provisions of the plan implementing the required limitations
      of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing
      to satisfy the provisions of the plan implementing the requirements of Section
      401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable,
      by
      reason of the making of such catch-up contributions.

    

    ARTICLE
      VII

    INCREASE
      IN COMPENSATION LIMIT

    

    Increase
      in Compensation Limit.
      The
      annual compensation of each participant taken into account in determining
      allocations for any plan year beginning after December 31, 2001, shall not
      exceed $200,000, as adjusted for cost-of-living increases in accordance with
      Section 401(a)(17)(B) of the Code. Annual compensation means compensation during
      the plan year or such other consecutive 12-month period over which compensation
      is otherwise determined under the plan (the determination period). If this
      is a
      target benefit plan, then except as otherwise elected in Section 2.5 of this
      amendment, for purposes of determining benefit accruals in a plan year beginning
      after December 31, 2001, compensation for any prior determination period shall
      be limited to $200,000. The cost-of-living adjustment in effect for a calendar
      year applies to annual compensation for the determination period that begins
      with or within such calendar year.

    

    ARTICLE
      VIII

    PLAN
      LOANS

    

    Plan
      loans for owner-employees or shareholder-employees.
      If the
      plan permits loans to be made to participants, then effective for plan loans
      made after December 31, 2001, plan provisions prohibiting loans to any
      owner-employee or shareholder-employee shall cease to apply.

    

    ARTICLE
      IX

    LIMITATIONS
      ON CONTRIBUTIONS (IRC SECTION 415 LIMITS)

    

    
      	
              9.1

            	
              Effective
                date.
                This Section shall be effective for limitation years beginning after
                December 31, 2001.

            

    

    

    
      	
              9.2

            	
              Maximum
                annual addition.
                Except to the extent permitted under Article VI of this amendment
                and
                Section 414(v) of the Code, if applicable, the annual addition that
                may be
                contributed or allocated to a participant’s account under the plan for any
                limitation year shall not exceed the lesser
                of:

            

    

    

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

            

    

    

    
      	 	
              b.

            	
              100
                percent of the participant’s compensation, within the meaning of Section
                415(c)(3) of the Code, for the limitation
                year.

            

    

    

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

    

    ARTICLE
      X

    MODIFICATION
      OF TOP-HEAVY RULES

    

    
      	
              10.1

            	
              Effective
                date.
                This Article shall apply for purposes of determining whether the
                plan is a
                top-heavy plan under Section 416(g) of the Code for plan years beginning
                after December 31, 2001, and whether the plan satisfies the minimum
                benefits requirements of Section 416(c) of the Code for such years.
                This
                Article amends the top-heavy provisions of the
                plan.

            

    

    

    
      	
              10.2

            	
              Determination
                of top-heavy status.

            

    

    

    
      	
              10.2.1

            	
              Key
                employee.
                Key employee means any employee or former employee (including any
                deceased
                employee) who at any time during the plan year that includes the
                determination date was an officer of the employer having annual
                compensation greater than $130,000 (as adjusted under Section 416(i)(1)
                of
                the Code for plan years beginning after December 31, 2002), a 5-percent
                owner of the employer, or a 1-percent owner of the employer having
                annual
                compensation of more than $150,000. For this purpose, annual compensation
                means compensation within the meaning of Section 415(c)(3) of the
                Code.
                The determination of who is a key employee will be made in accordance
                with
                Section 416(i)(1) of the Code and the applicable regulations and
                other
                guidance of general applicability issued
                thereunder.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              10.2.2

            	
              Determination
                of present values and amounts.
                This Section 10.2.2 shall apply for purposes of determining the present
                values of accrued benefits and the amounts of account balances of
                employees as of the determination
                date.

            

    

    

    
      	 	
              a.

            	
              Distributions
                during year ending on the determination date.
                The present values of accrued benefits and the amounts of account
                balances
                of an employee as of the determination date shall be increased by
                the
                distributions made with respect to the employee under the plan and
                any
                plan aggregated with the plan under Section 416(g)(2) of the Code
                during
                the 1-year period ending on the determination date. The preceding
                sentence
                shall also apply to distributions under a terminated plan which,
                had it
                not been terminated, would have been aggregated with the plan under
                Section 416(g)(2)(A)(i) of the Code. In the case of a distribution
                made
                for a reason other than separation from service, death, or disability,
                this provision shall be applied by substituting “5-year period” for
                “1-year period.”

            

    

    

    
      	 	
              b.

            	
              Employees
                not performing services during year ending on the determination
                date.
                The accrued benefits and accounts of any individual who has not performed
                services for the employer during the 1-year period ending on the
                determination date shall not be taken into
                account.

            

    

    

    
      	
              10.3

            	
              Minimum
                benefits.

            

    

    

    
      	
              10.3.1

            	
              Matching
                contributions.
                Employer matching contributions shall be taken into account for purposes
                of satisfying the minimum contribution requirements of Section 416(c)(2)
                of the Code and the plan. The preceding sentence shall apply with
                respect
                to matching contributions under the plan or, if the plan provides
                that the
                minimum contribution requirement shall be met in another plan, such
                other
                plan. Employer matching contributions that are used to satisfy the
                minimum
                contribution requirements shall be treated as matching contributions
                for
                purposes of the actual contribution percentage test and other requirements
                of Section 401(m) of the Code.

            

    

    

    
      	
              10.3.2

            	
              Contributions
                under other plans.
                The employer may provide, in an addendum to this amendment, that
                the
                minimum benefit requirement shall be met in another plan (including
                another plan that consists solely of a cash or deferred arrangement
                which
                meets the requirements of Section 401(k)(12) of the Code and matching
                contributions with respect to which the requirements of Section 401(m)(11)
                of the Code are met). The addendum should include the name of the
                other
                plan, the minimum benefit that will be provided under such other
                plan, and
                the employees who will receive the minimum benefit under such other
                plan.

            

    

    

    ARTICLE
      XI

    DIRECT
      ROLLOVERS

    

    
      	
              11.1

            	
              Effective
                date.
                This Article shall apply to distributions made after December 31,
                2001.

            

    

    

    
      	
              11.2

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

            

    

    

    
      	
              11.3

            	
              Modification
                of definition of eligible rollover distribution to exclude hardship
                distributions.
                For purposes of the direct rollover provisions of the plan, any amount
                that is distributed on account of hardship shall not be an eligible
                rollover distribution and the distributee may not elect to have any
                portion of such a distribution paid directly to an eligible retirement
                plan.

            

    

    

    
      	
              11.4

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

            

    

    

    ARTICLE
      XII

    ROLLOVERS
      FROM OTHER PLANS

    

    Rollovers
      from other plans.
      The
      employer, operationally and on a nondiscriminatory basis, may limit the source
      of rollover contributions that may be accepted by this plan.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      XIII

    REPEAL
      OF MULTIPLE USE TEST

    

    Repeal
      of Multiple Use Test.
      The
      multiple use test described in Treasury Regulation Section 1.401(m)-2 and the
      plan shall not apply for plan years beginning after December 31,
      2001.

    

    ARTICLE
      XIV

    ELECTIVE
      DEFERRALS

    

    
      	
              14.1

            	
              Elective
                Deferrals - Contribution Limitation.
                No participant shall be permitted to have elective deferrals made
                under
                this plan, or any other qualified plan maintained by the employer
                during
                any taxable year, in excess of the dollar limitation contained in
                Section
                402(g) of the Code in effect for such taxable year, except to the
                extent
                permitted under Article VI of this amendment and Section 414(v) of
                the
                Code, if applicable.

            

    

    

    
      	
              14.2

            	
              Maximum
                Salary Reduction Contributions for SIMPLE plans.
                If this is a SIMPLE 401(k) plan, then except to the extent permitted
                under
                Article VI of this amendment and Section 414(v) of the Code, if
                applicable, the maximum salary reduction contribution that can be
                made to
                this plan is the amount determined under Section 408(p)(2)(A)(ii)
                of the
                Code for the calendar year.

            

    

     

    ARTICLE
      XV

    SAFE
      HARBOR PLAN PROVISIONS

    

    Modification
      of Top-Heavy Rules.
      The
      top-heavy requirements of Section 416 of the Code and the plan shall not apply
      in any year beginning after December 31, 2001, in which the plan consists solely
      of a cash or deferred arrangement which meets the requirements of Section
      401(k)(12) of the Code and matching contributions with respect to which the
      requirements of Section 401(m)(11) of the Code are met.

    

    ARTICLE
      XVI

    DISTRIBUTION
      UPON SEVERANCE OF EMPLOYMENT

    

    
      	
              16.1

            	
              Effective
                date.
                This Article shall apply for distributions and transactions made
                after
                December 31, 2001, regardless of when the severance of employment
                occurred.

            

    

    

    
      	
              16.2

            	
              New
                distributable event.
                A
                participant’s elective deferrals, qualified nonelective contributions,
                qualified matching contributions, and earnings attributable to these
                contributions shall be distributed on account of the participant’s
                severance from employment. However, such a distribution shall be
                subject
                to the other provisions of the plan regarding distributions, other
                than
                provisions that require a separation from service before such amounts
                may
                be distributed.

            

    

    

    This
      amendment has been executed this _________________ day of
      ______________________________, ________.

    

    Name
      of
      Employer:     
      America’s Car-Mart, Inc.      

    

    By:
      _________________________________________

       
EMPLOYER
      

    

    Name
      of
      Plan: Colonial
      Auto Finance, Inc. 401(k) Plan

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     

     

    POST-EGTRRA

    AMENDMENT
      TO THE

    

    COLONIAL
      AUTO FINANCE, INC.

    401(K)
      PLAN

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
      I

    PREAMBLE

    

    
      	1.1	
              Adoption
                and effective date of amendment.
                This amendment of the plan is adopted to reflect certain provisions
                of the
                Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), the
                Job Creation and Worker Assistance Act of 2002, IRS Regulations issued
                pursuant to IRC §401(a)(9), and other IRS guidance. This amendment is
                intended as good faith compliance with the requirements of EGTRRA
                and is
                to be construed in accordance with EGTRRA and guidance issued thereunder.
                Except as otherwise provided, this amendment shall be effective as
                of the
                first day of the first plan year beginning after December 31,
                2001.

            

    

    

    
      	1.2	
              Supersession
                of inconsistent provisions.
                This amendment shall supersede the provisions of the plan to the
                extent
                those provisions are inconsistent with the provisions of this
                amendment.

            

    

    

    
      	1.3	
              Adoption
                by prototype sponsor.
                Except as otherwise provided herein, pursuant to Section 5.01 of
                Revenue
                Procedure 2000-20, the sponsor hereby adopts this amendment on behalf
                of
                all adopting employers.

            

    

    

    ARTICLE
      II

    ADOPTION
      AGREEMENT ELECTIONS

    

    The
      questions in this Article II only need to be completed in order to override
      the
      default provisions set forth below. If all of the default provisions will apply,
      then these questions should be skipped.

    

    Unless
      the employer elects otherwise in this Article II, the following defaults
      apply:

    

    
      	 	
              1.

            	
              If
                catch-up contributions are permitted, then the catch-up contributions
                are
                treated like any other elective deferrals for purposes of determining
                matching contributions under the plan.

            

    

    

    
      	 	
              2.

            	
              For
                plans subject to the qualified joint and survivor annuity rules,
                rollovers
                are automatically excluded in determining whether the $5,000 threshold
                has
                been exceeded for automatic cash-outs (if the plan provides for automatic
                cash-outs). This is applied to all participants regardless of when
                the
                distributable event
                occurred.

            

    

    

    
      	 	
              3.

            	
              The
                minimum distribution requirements are effective for distribution
                calendar
                years beginning with the 2002 calendar year. In addition, participants
                or
                beneficiaries may elect on an individual basis whether the 5-year
                rule or
                the life expectancy rule in the plan applies to distributions after
                the
                death of a participant who has a designated
                beneficiary.

            

    

    

    
      	 	
              4.

            	
              Amounts
                that are “deemed 125 compensation” are not included in the definition of
                compensation.

            

    

    

    
      	
              2.1

            	
              Exclusion
                of Rollovers in Application of Involuntary Cash-out Provisions.
                If
                the plan is subject to the joint and survivor annuity rules and includes
                involuntary cash-out provisions, then unless one of the options below
                is
                elected, effective for distributions made after December 31, 2001,
                rollover contributions will be excluded in determining the value
                of a
                participant’s nonforfeitable account balance for purposes of the plan’s
                involuntary cash-out rules.

            

    

     

    
      	 	
              a.

            	
              o

            	
              Rollover
                contributions will not be excluded.

            

    

     

    
      	 	
              b.

            	
              o

            	
              Rollover
                contributions will be excluded only with respect to distributions
                made
                after       
                (Enter a date no earlier than December 31,
                2001).

            

    

     

    
      	 	
              c.

            	
              o

            	
              Rollover
                contributions will only be excluded with respect to participants
                who
                separated from service after       .
                (Enter a date. The date may be earlier than December 31,
                2001.)

            

    

    

    
      	
              2.2

            	
              Catch-up
                contributions (for 401(k) profit sharing plans only):
                The plan permits catch-up contributions effective for calendar years
                beginning after December 31, 2001, (Article V) unless otherwise elected
                below.

            

    

     

    
      	 	
              a.

            	
              o

            	
              The
                plan does not permit catch-up contributions to be
                made.

            

    

     

    
      	 	
              b.

            	
              o

            	
              Catch-up
                contributions are permitted effective as of:       
                (enter a date no earlier than January 1,
                2002).

            

    

    

    And,
      catch-up
      contributions will be taken into account in applying any matching contribution
      under the Plan unless otherwise elected below.

     

    
      	 	
              c.

            	
              o

            	
              Catch-up
                contributions will not be taken into account in applying any matching
                contribution under the Plan.

            

    

    

    2.3    Amendment
      for Section 401(a)(9) Final and Temporary Treasury
      Regulations.

    

    
      	
            	a.	
              Effective
                date.
                Unless a later effective date is specified in below, the provisions
                of
                Article VI of this amendment will apply for purposes of determining
                required minimum distributions for calendar years beginning with
                the 2002
                calendar year.

            

    

    

    
      
        
          	
                	o	
                  This
                    amendment applies for purposes of determining required minimum
                    distributions for distribution calendar years beginning with
                    the 2003
                    calendar year, as well as required minimum distributions for
                    the 2002
                    distribution calendar year that are made on or after       
                    (leave blank if this amendment does not apply to any minimum
                    distributions
                    for the 2002 distribution calendar
                    year).

                

        

      

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    b.    Election
      to not permit Participants or Beneficiaries to Elect 5-Year
      Rule.

    

    Unless
      elected below, Participants or beneficiaries may elect on an individual basis
      whether the 5-year rule or the life expectancy rule in Sections 6.2.2 and 6.4.2
      of this amendment applies to distributions after the death of a Participant
      who
      has a designated beneficiary. The election must be made no later than the
      earlier of September 30 of the calendar year in which distribution would be
      required to begin under Section 6.2.2 of this amendment, or by September 30
      of
      the calendar year which contains the fifth anniversary of the Participant’s (or,
      if applicable, surviving spouse’s) death. If neither the Participant nor
      beneficiary makes an election under this paragraph, distributions will be made
      in accordance with Sections 6.2.2 and 6.4.2 of this amendment and, if
      applicable, the elections in Section 2.3.c of this amendment below.

    

    
      	 	
              o

            	
              The
                provision set forth above in this Section 2.3.b shall not apply.
                Rather,
                Sections 6.2.2 and 6.4.2 of this amendment shall apply except as
                elected
                in Section 2.3.c of this amendment below.

            

    

    

    c.    Election
      to Apply 5-Year Rule to Distributions to Designated
      Beneficiaries.

    

    
      	 	
              o

            	
              If
                the Participant dies before distributions begin and there is a designated
                beneficiary, distribution to the designated beneficiary is not required
                to
                begin by the date specified in the Plan, but the Participant’s entire
                interest will be distributed to the designated beneficiary by December
                31
                of the calendar year containing the fifth anniversary of the Participant’s
                death. If the Participant’s surviving spouse is the Participant’s sole
                designated beneficiary and the surviving spouse dies after the Participant
                but before distributions to either the Participant or the surviving
                spouse
                begin, this election will apply as if the surviving spouse were the
                Participant.

            

    

    

    
      	 	 	
              If
                the above is elected, then this election will apply
                to:

            

    

    

    1.        o All
      distributions.

    

    2.        o The
      following
      distributions:
        .

    

    d.    Election
      to Allow Designated Beneficiary Receiving Distributions Under 5-Year Rule to
      Elect Life Expectancy Distributions.

    

    
      	 	
              o

            	
              A
                designated beneficiary who is receiving payments under the 5-year
                rule may
                make a new election to receive payments under the life expectancy
                rule
                until December 31, 2003, provided that all amounts that would have
                been
                required to be distributed under the life expectancy rule for all
                distribution calendar years before 2004 are distributed by the earlier
                of
                December 31, 2003, or the end of the 5-year
                period.

            

    

    

    
      	
              2.4

            	
              Deemed
                125 Compensation. Article
                VII of this amendment shall not apply unless otherwise elected
                below.

            

    

    

    
      	 	
              o

            	
              Article
                VII of this amendment (Deemed 125 Compensation) shall apply effective
                as
                of Plan Years and Limitation Years beginning on or after         
                (insert the later of January 1, 1998, or the first day of the first
                plan
                year the Plan used this
                definition).

            

    

    

    ARTICLE
      III

    INVOLUNTARY
      CASH-OUTS

    

    
      	
              3.1

            	
              Applicability
                and effective date.
                If the plan is subject to the qualified joint and survivor annuity
                rules
                and provides for involuntary cash-outs of amounts less than $5,000,
                then
                unless otherwise elected in Section 2.1 of this amendment, this Article
                shall apply for distributions made after December 31, 2001, and shall
                apply to all participants. 

            

    

    

    
      	
              3.2

            	
              Rollovers
                disregarded in determining value of account balance for involuntary
                distributions.
                For purposes of the Sections of the plan that provide for the involuntary
                distribution of vested accrued benefits of $5,000 or less, the value
                of a
                participant’s nonforfeitable account balance shall be determined without
                regard to that portion of the account balance that is attributable
                to
                rollover contributions (and earnings allocable thereto) within the
                meaning
                of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16)
                of the Code. If the value of the participant’s nonforfeitable account
                balance as so determined is $5,000 or less, then the plan shall
                immediately distribute the participant’s entire nonforfeitable account
                balance.

            

    

    

    ARTICLE
      IV

    HARDSHIP
      DISTRIBUTIONS

    

    Reduction
      of Section 402(g) of the Code following hardship distribution.
      If the
      plan provides for hardship distributions upon satisfaction of the safe harbor
      (deemed) standards as set forth in Treas. Reg. Section 1.401(k)-1(d)(2)(iv),
      then effective as of the date the elective deferral suspension period is reduced
      from 12 months to 6 months pursuant to EGTRRA, there shall be no reduction
      in
      the maximum amount of elective deferrals that a Participant may make pursuant
      to
      Section 402(g) of the Code solely because of a hardship distribution made by
      this plan or any other plan of the Employer.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      V

    CATCH-UP
      CONTRIBUTIONS

    

    Catch-up
      Contributions.
      Unless
      otherwise elected in Section 2.2 of this amendment, effective for calendar
      years
      beginning after December 31, 2001, all employees who are eligible to make
      elective deferrals under this plan and who have attained age 50 before the
      close
      of the calendar year shall be eligible to make catch-up contributions in
      accordance with, and subject to the limitations of, Section 414(v) of the Code.
      Such catch-up contributions shall not be taken into account for purposes of
      the
      provisions of the plan implementing the required limitations of Sections 402(g)
      and 415 of the Code. The plan shall not be treated as failing to satisfy the
      provisions of the plan implementing the requirements of Sections 401(k)(3),
      401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason
      of
      the making of such catch-up contributions.

    

    If
      elected in Section 2.2, catch-up contributions shall not be treated as elective
      deferrals for purposes of applying any Employer matching contributions under
      the
      plan. 

    

    ARTICLE
      VI

    REQUIRED
      MINIMUM DISTRIBUTIONS

    

    6.1          
      GENERAL
      RULES

    

    
      	
              6.1.1

            	
              Effective
                Date.
                Unless a later effective date is specified in Section 2.3.a of this
                amendment, the provisions of this amendment will apply for purposes
                of
                determining required minimum distributions for calendar years beginning
                with the 2002 calendar year.

            

    

     

    
      	
              6.1.2

            	
              Coordination
                with Minimum Distribution Requirements Previously in
                Effect.
                If the effective date of this amendment is earlier than calendar
                years
                beginning with the 2003 calendar year, required minimum distributions
                for
                2002 under this amendment will be determined as follows. If the total
                amount of 2002 required minimum distributions under the Plan made
                to the
                distributee prior to the effective date of this amendment equals
                or
                exceeds the required minimum distributions determined under this
                amendment, then no additional distributions will be required to be
                made
                for 2002 on or after such date to the distributee. If the total amount
                of
                2002 required minimum distributions under the Plan made to the distributee
                prior to the effective date of this amendment is less than the amount
                determined under this amendment, then required minimum distributions
                for
                2002 on and after such date will be determined so that the total
                amount of
                required minimum distributions for 2002 made to the distributee will
                be
                the amount determined under this
                amendment.

            

    

    

    
      	
              6.1.3

            	
              Precedence.
                The requirements of this amendment will take precedence over any
                inconsistent provisions of the
                Plan.

            

    

    

    
      	
              6.1.4

            	
              Requirements
                of Treasury Regulations Incorporated.
                All distributions required under this amendment will be determined
                and
                made in accordance with the Treasury regulations under Section 401(a)(9)
                of the Internal Revenue Code.

            

    

    

    
      	
              6.1.5

            	
              TEFRA
                Section 242(b)(2) Elections.
                Notwithstanding the other provisions of this amendment, distributions
                may
                be made under a designation made before January 1, 1984, in accordance
                with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility
                Act
                (TEFRA) and the provisions of the Plan that relate to Section 242(b)(2)
                of
                TEFRA.

            

    

    

    6.2   TIME
      AND MANNER OF DISTRIBUTION

    

    
      	
              6.2.1

            	
              Required
                Beginning Date.
                The Participant’s entire interest will be distributed, or begin to be
                distributed, to the Participant no later than the Participant’s required
                beginning date.

            

    

    

    
      	
              6.2.2

            	
              Death
                of Participant Before Distributions Begin.
                If the Participant dies before distributions begin, the Participant’s
                entire interest will be distributed, or begin to be distributed,
                no later
                than as follows:

            

    

    

    (a) If
      the
      Participant’s surviving spouse is the Participant’s sole designated beneficiary,
      then, except as provided in Article VI, distributions to the surviving spouse
      will begin by December 31 of the calendar year immediately following the
      calendar year in which the Participant died, or by December 31 of the calendar
      year in which the Participant would have attained age 70 1/2, if
      later.

    

    (b) If
      the
      Participant’s surviving spouse is not the Participant’s sole designated
      beneficiary, then, except as provided in Section 2.3 of this amendment,
      distributions to the designated beneficiary will begin by December 31 of the
      calendar year immediately following the calendar year in which the Participant
      died.

    

    (c) If
      there
      is no designated beneficiary as of September 30 of the year following the year
      of the Participant’s death, the Participant’s entire interest will be
      distributed by December 31 of the calendar year containing the fifth anniversary
      of the Participant’s death.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    (d) If
      the
      Participant’s surviving spouse is the Participant’s sole designated beneficiary
      and the surviving spouse dies after the Participant but before distributions
      to
      the surviving spouse begin, this Section 6.2.2, other than Section 6.2.2(a),
      will apply as if the surviving spouse were the Participant.

    

    For
      purposes of this Section 6.2.2 and Section 2.3, unless Section 6.2.2(d) applies,
      distributions are considered to begin on the Participant’s required beginning
      date. If Section 6.2.2(d) applies, distributions are considered to begin on
      the
      date distributions are required to begin to the surviving spouse under Section
      6.2.2(a). If distributions under an annuity purchased from an insurance company
      irrevocably commence to the Participant before the Participant’s required
      beginning date (or to the Participant’s surviving spouse before the date
      distributions are required to begin to the surviving spouse under Section
      6.2.2(a)), the date distributions are considered to begin is the date
      distributions actually commence.

    

    
      	
              6.2.3

            	
              Forms
                of Distribution.
                Unless the Participant’s interest is distributed in the form of an annuity
                purchased from an insurance company or in a single sum on or before
                the
                required beginning date, as of the first distribution calendar year
                distributions will be made in accordance with Sections 6.3 and 6.4
                of this
                amendment. If the Participant’s interest is distributed in the form of an
                annuity purchased from an insurance company, distributions thereunder
                will
                be made in accordance with the requirements of Section 401(a)(9)
                of the
                Code and the Treasury regulations.

            

    

    

    6.3   REQUIRED
      MINIMUM DISTRIBUTIONS DURING PARTICIPANT’S LIFETIME 

    

    
      	
              6.3.1

            	
              Amount
                of Required Minimum Distribution For Each Distribution Calendar
                Year.
                During the Participant’s lifetime, the minimum amount that will be
                distributed for each distribution calendar year is the lesser
                of:

            

    

    

    (a) the
      quotient obtained by dividing the Participant’s account balance by the
      distribution period in the Uniform Lifetime Table set forth in Section
      1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the
      Participant’s birthday in the distribution calendar year; or

    

    (b) if
      the
      Participant’s sole designated beneficiary for the distribution calendar year is
      the Participant’s spouse, the quotient obtained by dividing the Participant’s
      account balance by the number in the Joint and Last Survivor Table set forth
      in
      Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and
      spouse’s attained ages as of the Participant’s and spouse’s birthdays in the
      distribution calendar year.

    

    
      	
              6.3.2

            	
              Lifetime
                Required Minimum Distributions Continue Through Year of Participant’s
                Death.
                Required minimum distributions will be determined under this Section
                6.3
                beginning with the first distribution calendar year and up to and
                including the distribution calendar year that includes the Participant’s
                date of death.

            

    

    

    6.4    REQUIRED
      MINIMUM DISTRIBUTIONS AFTER PARTICIPANT’S DEATH

    

    6.4.1   Death
      On or After Date Distributions Begin.

    

    (a) Participant
      Survived by Designated Beneficiary.
      If the
      Participant dies on or after the date distributions begin and there is a
      designated beneficiary, the minimum amount that will be distributed for each
      distribution calendar year after the year of the Participant’s death is the
      quotient obtained by dividing the Participant’s account balance by the longer of
      the remaining life expectancy of the Participant or the remaining life
      expectancy of the Participant’s designated beneficiary, determined as
      follows:

    

    (1) The
      Participant’s remaining life expectancy is calculated using the age of the
      Participant in the year of death, reduced by one for each subsequent
      year.

    

    (2) If
      the
      Participant’s surviving spouse is the Participant’s sole designated beneficiary,
      the remaining life expectancy of the surviving spouse is calculated for each
      distribution calendar year after the year of the Participant’s death using the
      surviving spouse’s age as of the spouse’s birthday in that year. For
      distribution calendar years after the year of the surviving spouse’s death, the
      remaining life expectancy of the surviving spouse is calculated using the age
      of
      the surviving spouse as of the spouse’s birthday in the calendar year of the
      spouse’s death, reduced by one for each subsequent calendar year.

    

    (3) If
      the
      Participant’s surviving spouse is not the Participant’s sole designated
      beneficiary, the designated beneficiary’s remaining life expectancy is
      calculated using the age of the beneficiary in the year following the year
      of
      the Participant’s death, reduced by one for each subsequent year.

     

    (b) No
      Designated Beneficiary.
      If the
      Participant dies on or after the date distributions begin and there is no
      designated beneficiary as of September 30 of the year after the year of the
      Participant’s death, the minimum amount that will be distributed for each
      distribution calendar year after the year of the Participant’s death is the
      quotient obtained by dividing the Participant’s account balance by the
      Participant’s remaining life expectancy calculated using the age of the
      Participant in the year of death, reduced by one for each subsequent
      year.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    6.4.2   Death
      Before Date Distributions Begin.

    

    (a) Participant
      Survived by Designated Beneficiary.
      Except
      as provided in Section 2.3, if the Participant dies before the date
      distributions begin and there is a designated beneficiary, the minimum amount
      that will be distributed for each distribution calendar year after the year
      of
      the Participant’s death is the quotient obtained by dividing the Participant’s
      account balance by the remaining life expectancy of the Participant’s designated
      beneficiary, determined as provided in Section 6.4.1.

    

    (b) No
      Designated Beneficiary.
      If the
      Participant dies before the date distributions begin and there is no designated
      beneficiary as of September 30 of the year following the year of the
      Participant’s death, distribution of the Participant’s entire interest will be
      completed by December 31 of the calendar year containing the fifth anniversary
      of the Participant’s death. 

    

    (c) Death
      of Surviving Spouse Before Distributions to Surviving Spouse Are Required to
      Begin.
      If the
      Participant dies before the date distributions begin, the Participant’s
      surviving spouse is the Participant’s sole designated beneficiary, and the
      surviving spouse dies before distributions are required to begin to the
      surviving spouse under Section 6.2.2(a), this Section 6.4.2 will apply as if
      the
      surviving spouse were the Participant.

    

    6.5          
      DEFINITIONS

    

    
      	
              6.5.1

            	
              Designated
                beneficiary.
                The individual who is designated as the Beneficiary under the Plan
                and is
                the designated beneficiary under Section 401(a)(9) of the Internal
                Revenue
                Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury
                regulations.

            

    

    

    
      	
              6.5.2

            	
              Distribution
                calendar year.
                A
                calendar year for which a minimum distribution is required. For
                distributions beginning before the Participant’s death, the first
                distribution calendar year is the calendar year immediately preceding
                the
                calendar year which contains the Participant’s required beginning date.
                For distributions beginning after the Participant’s death, the first
                distribution calendar year is the calendar year in which distributions
                are
                required to begin under Section 6.2.2. The required minimum distribution
                for the Participant’s first distribution calendar year will be made on or
                before the Participant’s required beginning date. The required minimum
                distribution for other distribution calendar years, including the
                required
                minimum distribution for the distribution calendar year in which
                the
                Participant’s required beginning date occurs, will be made on or before
                December 31 of that distribution calendar
                year.

            

    

    

    
      	
              6.5.3

            	
              Life
                expectancy.
                Life expectancy as computed by use of the Single Life Table in Section
                1.401(a)(9)-9 of the Treasury
                regulations.

            

    

    

    
      	
              6.5.4

            	
              Participant’s
                account balance.
                The account balance as of the last valuation date in the calendar
                year
                immediately preceding the distribution calendar year (valuation calendar
                year) increased by the amount of any contributions made and allocated
                or
                forfeitures allocated to the account balance as of the dates in the
                valuation calendar year after the valuation date and decreased by
                distributions made in the valuation calendar year after the valuation
                date. The account balance for the valuation calendar year includes
                any
                amounts rolled over or transferred to the Plan either in the valuation
                calendar year or in the distribution calendar year if distributed
                or
                transferred in the valuation calendar
                year.

            

    

    

    
      	
              6.5.5

            	
              Required
                beginning date.
                The date specified in the Plan when distributions under Section 401(a)(9)
                of the Internal Revenue Code are required to
                begin.

            

    

    

    ARTICLE
      VII

    DEEMED
      125 COMPENSATION

    

    If
      elected, this Article shall apply as of the effective date specified in Section
      2.4 of this amendment. For purposes of any definition of compensation under
      this
      Plan that includes a reference to amounts under Section 125 of the Code, amounts
      under Section 125 of the Code include any amounts not available to a Participant
      in cash in lieu of group health coverage because the Participant is unable
      to
      certify that he or she has other health coverage. An amount will be treated
      as
      an amount under Section 125 of the Code only if the Employer does not request
      or
      collect information regarding the Participant’s other health coverage as part of
      the enrollment process for the health plan.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    Except
      with respect to any election made by the employer in Article II, this amendment
      is hereby adopted by the prototype sponsor on behalf of all adopting employers
      on 

     

    [Sponsor’s
      signature and Adoption Date are on file with Sponsor]

     

    NOTE:
      The employer only needs to execute this amendment if an election has been made
      in Article II of this amendment.

    

    This
      amendment has been executed this _________________ day of
      ______________________________, ________.

     

    Name
      of
      Plan: America’s
      Car-Mart, Inc. 401(k) Plan         

     

    Name
      of
      Employer: America’s
      Car-Mart,
      Inc.               
     

     

    By:
      _______________________________________

           EMPLOYER
      

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    MANDATORY
      DISTRIBUTION AMENDMENT

    (Code
      Section 401(a)(31)(B))

     

    ARTICLE
      I

    APPLICATION
      OF AMENDMENT

    

    
      	
              1.1

            	
              Effective
                Date.
                Unless a later effective date is specified in Article III of this
                Amendment, the provisions of this Amendment will apply with respect
                to
                distributions made on or after March 28,
                2005.

            

    

     

    
      	
              1.2
                

            	
              Precedence.
                This Amendment supersedes any inconsistent provision of the
                Plan.

            

    

    

    
      	
              1.3

            	
              Adoption
                by prototype sponsor.
                Except as otherwise provided herein, pursuant to authority granted
                by
                Section 5.01 of Revenue Procedure 2000-20, the sponsoring organization
                of
                the prototype hereby adopts this amendment on behalf of all adopting
                employers.

            

    

    

    ARTICLE
      II

    DEFAULT
      PROVISION: AUTOMATIC ROLLOVER

    OF
      AMOUNTS OVER $1,000

    

    Unless
      the Employer otherwise elects in Article III of this Amendment, the provisions
      of the Plan concerning mandatory distributions of amounts not exceeding $5,000
      are amended as follows:

    

    In
      the
      event of a mandatory distribution greater than $1,000 that is made in accordance
      with the provisions of the Plan providing for an automatic distribution to
      a
      Participant without the Participant’s consent, if the Participant does not elect
      to have such distribution paid directly to an “eligible retirement plan”
specified by the Participant in a direct rollover (in accordance with the direct
      rollover provisions of the Plan) or to receive the distribution directly, then
      the Administrator shall pay the distribution in a direct rollover to an
      individual retirement plan designated by the Administrator.

    

    ARTICLE
      III

    EMPLOYER’S
      ALTERNATIVE ELECTIONS

    

    
      	
              3.1

            	
              (
                 ) 

            	
              Effective
                Date of Plan Amendment

            

    

    

    This
      Amendment applies with respect to distributions made on or after             
      (may be
      a date later than March 28, 2005, only if the terms of the Plan already comply
      with Code Section 401(a)(31)(B)).

    

    
      	
              3.2

            	
              ( 
                )

            	
              Election
                to apply Article II of this Amendment to distributions of $1,000
                or
                less.

            

    

    

    In
      the
      event of a mandatory distribution that is made in accordance with the provisions
      of the Plan providing for an automatic distribution to a Participant without
      the
      Participant’s consent, if the Participant does not elect to have such
      distribution paid directly to an “eligible retirement plan” specified by the
      Participant in a direct rollover (in accordance with the direct rollover
      provisions of the Plan) or to receive the distribution directly, then the
      Administrator shall pay the distribution in a direct rollover to an individual
      retirement plan designated by the Administrator.

    

    
      	
              3.3

            	
              ( 
                )

            	
              Election
                to reduce or eliminate mandatory distribution provisions of Plan
                (may not
                be elected if 3.2 above is
                elected)

            

    

    

    The
      provisions of the Plan that provide for the involuntary distribution of vested
      accrued benefits of $5,000 or less, are modified as follows (choose a, b, or
      c
      below):

    

    
      	
            	a.    
              (  )	
              No
                mandatory distributions.
                Participant consent to the distribution now shall be required before
                the
                Plan may make the distribution.

            

    

    

    
      	 	
              b.

            	
              (
                 )

            	
              Reduction
                of $5,000 threshold to $1,000.
                The $5,000 threshold in such provisions is reduced to $1,000 and
                the value
                of the Participant’s interest in the Plan for such purpose shall include
                any rollover contributions (and earnings thereon) within the meaning
                of
                Code Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and
                457(e)(16).

            

    

    

    
      	 	
              c.

            	
              ( 
                )

            	
              Reduction
                of $5,000 threshold to amount less than $1,000.
                The $5,000 threshold in such provisions is reduced to $            
                (enter an amount less than $1,000) and the value of the Participant’s
                interest in the Plan for such purpose shall include any rollover
                contributions (and earnings thereon) within the meaning of Code Sections
                402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and
                457(e)(16).

            

    

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    
      Except
        with respect to any election made by the employer in Article III, this amendment
        is hereby adopted by the prototype sponsor on behalf of all adopting employers
        on:

    

    [Sponsor’s
      signature and Adoption Date are on file with Sponsor]

    

    NOTE:
      The employer only needs to execute this amendment if an election has been made
      in Article III herein.

    

    This
      amendment has been executed this _________________ day of
      ______________________________, ________.

     

    Name
      of
      Plan: America’s
      Car-Mart, Inc. 401(k) Plan

     

    Name
      of
      Employer: America’s
      Car-Mart, Inc.

     

    By:
      ____________________________________

    EMPLOYER

    

    
      
        
        

      

      
        2Exhibit 4.1.1

    
      

    

    Exhibit
      4.1.1

    America’s
      Car-Mart, Inc. 401k Plan

    Amendment
      for Additional Provisions Concerning

    Employer
      Securities

    
 

    The
      following additional provisions concerning Employer Securities (as defined
      below) are included as part of the Adoption Agreement completed by the Employer,
      in accordance with Section ______ of the Adoption Agreement. References to
“Participant” in this Appendix shall refer to both a Participant and the
      Beneficiar(ies) of a deceased Participant.

     

    ARTICLE
      I Named Fiduciary is Solely Responsible for Employer
      Securities.
      The investment provisions in Section       of
      the Plan include the ability to invest in “qualifying employer securities”, as
      defined in Section 407(d)(5) of ERISA (“Employer Securities”), which
      specifically includes the common stock of the Employer (hereinafter referred
      to
      as “Common Stock”). The Trustee is required to invest the Trust Fund (up to 100%
      thereof as provided in Section       of the
      Adoption Agreement) in Employer Securities as directed by the Named Fiduciary
      (pursuant to Section         of the
      Plan).

     

    The
      Named
      Fiduciary has sole fiduciary responsibility for all decisions or actions related
      to any Employer Security, including any evaluation of, and decision to accept
      or
      reject, any appraisal or valuation of any Employer Security. The Trustee is
      required to follow all directions from the Named Fiduciary related to Employer
      Securities. The Trustee may not take any action with respect to any Employer
      Security, except to the extent directed by the Named Fiduciary. The Trustee
      is
      required to continue to hold any Employer Security with respect to which it
      does
      not receive a direction from the Named Fiduciary to sell or otherwise dispose
      of
      such security. The Trustee is required not to vote any Employer Security with
      respect to which it does not receive a direction from the Named Fiduciary to
      vote such security.

     

    Purchases
      and sales of Employer Securities shall, at the direction of the Named Fiduciary,
      be on the open market, in a private placement or a transaction with the
      Employer, and shall be made at the time and in the manner directed by the Named
      Fiduciary. No commission or other fees shall be payable with respect to any
      transaction with the Employer.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    If
      Employer Securities are purchased from the Employer or any other "party in
      interest" (as that term is defined in ERISA), the purchase price shall be no
      more than the value set forth in this subsection. If Employer Securities are
      sold to the Employer or any other "party in interest" (as that term is defined
      in ERISA) the sales price shall be no less than the value set forth in this
      subsection. The value set forth in this subsection shall be determined by the
      Named Fiduciary in its sole discretion in accordance with the following rules:
      (i) in the event the Employer Securities are reported on the New York Stock
      Exchange, American Stock Exchange, National Association of Securities Dealers
      Automated Quotation System ("NASDAQ") or other national securities exchange
      registered with the United States Securities and Exchange Commission, the value
      shall be the greater of (except that, in the case of a purchase by the Plan,
      this shall be the lesser of the following amounts): (x) the closing price of
      the
      Employer Security on the trading day immediately preceding the date the Employer
      Security is acquired or sold by the Plan, or (y) the average of the closing
      prices of the Employer Security for the twenty (20) consecutive trading days
      immediately preceding the date the Employer Security is acquired or sold by
      the
      Plan; or (ii) in all other events, the value shall be determined by an
      independent appraisal as of the date the Employer Security is acquired or sold
      by the Plan. 

     

    If
      any
      Employer Securities are held by the Trust, the Named Fiduciary shall determine
      whether share or unitized accounting shall apply to such shares from time to
      time. If unit accounting is used, the Named Fiduciary shall direct the degree
      to
      which the Employer Securities fund is to be invested in assets other than
      Employer Securities and shall direct the investment of all assets in the
      Employer Securities fund.

     

    ARTICLE
      II Contributions of Employer Securities.The
      Employer may direct that any contribution by the Employer required or permitted
      under the Plan be made in the form of Employer Securities. If Employer
      Securities are transferred in-kind from the Employer, the value must be approved
      by the Named Fiduciary and shall be no more than the value set forth in
      subsection (A) for purposes of purchases of Employer Securities by the Plan
      from
      the Employer.

     

    ARTICLE
      III Participant Direction of Sales and Purchases of Employer
      Securities.
      The Named Fiduciary may permit each Participant to direct that non- Employer
      Security assets allocated to such Participant’s Account be used to acquire
      Employer Securities. The Named Fiduciary may also permit Participants to whose
      Accounts Employer Securities are allocated to direct that such Employer
      Securities be disposed.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV Participant Direction of Voting of Employer
      Securities.
      [Alternate
      #1 required for: (x) all ESOPs, (y) each plan that is not an ESOP or Profit
      Sharing Plan that has more than 10% of its assets invested in Employer
      Securities, and (z) any other plan that is complying with ERISA § 404(c), but
      may be used for other plans:]
      All Employer Securities held by the Trust Fund shall be voted in accordance
      with
      the following:

     

      Employer
      Securities credited to an “unallocated stock suspense account” shall be voted by
      the Trustee only in accordance with directions of the Named Fiduciary. The
      Trustee shall not vote such shares if it has not received directions from the
      Named Fiduciary.

     

      Employer
      Securities allocated and credited to the Accounts of Participants shall be
      voted
      in accordance with the following:

     

     (A)
      If the Employer Securities held by the Trust are a registration type class
      of
      securities, then each Participant shall be entitled to direct the Trustee as
      to
      how the Trustee shall vote Employer Securities allocated to such Participant’s
      Accounts. If the Employer Securities held by the Trust are not a
      registration-type class of securities, then each Participant shall be entitled
      to direct the Trustee as to how the Trustee shall vote Employer Securities
      allocated to such Participant’s Accounts with respect to the following issues:
      approval or disapproval of any corporate merger or consolidation,
      recapitalization, reclassification, liquidation, dissolution, sale of
      substantially all assets of a trade or business, or such similar transaction
      as
      may be prescribed in Treasury Regulations.

     

     (B)
      For
      purposes of the foregoing subparagraph (i), “registration-type class of
      securities” shall have the same meaning as the definition contained in Code
      Section 409(e)(4).

     

    [Alternate
      #2: for all other plans]

     

    The
      Named
      Fiduciary may permit each Participant to direct the voting of Employer
      Securities with respect to any or all matters determined by the Named
      Fiduciary.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      V Participant Direction Regarding Tender Offers for Employer
      Securities.
      The Named Fiduciary may permit each Participant to direct the Named Fiduciary
      as to whether Employer Securities allocated to such Participant’s Accounts shall
      be tendered in response to a tender offer for such
      securities.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    The
      proceeds received by the Trust with respect to any tendered Employer Securities
      shall be allocated in the same manner that the tendered securities were
      allocated.

     

    ARTICLE
      VI Rules Related to Participant Directions.To
      the extent the Named Fiduciary, or the Plan or Trust documents, permit
      Participants to provide any directions (“Participant Directions”) with respect
      to Employer Securities (including, but not limited to, the acquisition,
      disposition, voting or tender of an Employer Security), the Trustee will
      implement Participant Directions only to the extent directed by the Named
      Fiduciary. The Named Fiduciary has sole fiduciary responsibility for determining
      whether to implement Participant Directions concerning an Employer Security
      and
      the Named Fiduciary is hereby designated as the fiduciary referenced in
      Department of Labor regulation Section 2550.  404c-1(d)(2)(ii)(E)
      (4)(viii). To the extent a Participant fails to make a permitted direction
      or is
      not permitted to make a direction, the Trustee shall act only as directed by
      the
      Named Fiduciary and shall take no action in the absence of direction from the
      Named Fiduciary. Notwithstanding the existence of Participant Directions, the
      Trustee shall take no action with respect to Employer Securities unless and
      until directed by the Named Fiduciary. The Trustee shall follow the directions
      of the Named Fiduciary with respect to Employer Securities even if the Named
      Fiduciary determines not to follow the Participant
      Directions.

     

    All
      Participant Directions shall be made at the time and in the manner determined
      by
      the Named Fiduciary. The number of shares of Employer Securities deemed
      allocated to any Participant’s Accounts for purposes of implementing the
      Participant’s Directions shall be the number allocated as of the date determined
      by the Named Fiduciary. The timing and manner of implementing any Participant
      directions, and the Employer Security value used to implement an acquisition
      or
      disposition direction, shall be determined by the Named Fiduciary. The Trustee
      must follow all rules established by the Named Fiduciary that concern Employer
      Securities or Participant directions. If Participants are given direction
      authority, the Named Fiduciary or its agent shall provide to Participants to
      whose Account an Employer Security is credited a copy of the information related
      to the matter to which such direction may apply that is provided to holders
      of
      such security, together with a direction form. The Employer must fully cooperate
      in providing information requested by the Named Fiduciary related to the Named
      Fiduciary’s duties in connection with Participant directions.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    In
      order
      to assure that Participant Directions are kept confidential from the Employer,
      any Participant Directions shall be communicated by the Participant to the
      Trustee or another third party designated by the Trustee or Named Fiduciary
      that
      is independent from the Employer (the party receiving the Participant Directions
      shall be the “Participant Direction Recipient”). The Participant Direction
      Recipient shall hold all Participant Directions in confidence and shall not
      divulge Participant Directions to the Employer or to any director, officer
      or
      employee of the Employer nor to any other person, except as required by law,
      unless the person receiving a disclosure has agreed in writing to receive such
      information as a fiduciary of the Plan, to keep such information confidential
      and not to use such information for any purpose other than Plan administration;
      provided, however, the Participant Direction Recipient shall provide information
      to the Named Fiduciary that does not identify any particular Participant’s
      Direction in order to permit the Named Fiduciary to exercise its fiduciary
      duty
      to direct the Trustee with respect to following Participant
      Directions.

     

    If
      the
      Named Fiduciary determines that a situation for which Participant Directions
      are
      to be made involves a potential for undue employer influence upon Participants
      with regard to their direct or indirect exercise of the right to make
      Participant Directions, then the Named Fiduciary shall appoint a third party
      that is independent from the Employer (the “Independent Fiduciary”) to serve as
      a Plan fiduciary for purposes of fulfilling the Named Fiduciary’s role with
      respect to such situation. The Employer hereby agrees to fully indemnify and
      hold harmless the Independent Fiduciary from and against any liability, costs
      and expenses associated with the Independent Fiduciary’s actions and failures to
      act related to its duties as the Independent Fiduciary. The Trustee is not
      required to accept an appointment to be the Independent Fiduciary.

     

    ARTICLE
      VII Distribution of Accrued Benefits.
      A Participant’s Accrued Benefit payable under Article VI shall be
      distributed in cash to the extent it is invested in assets other than Employer
      Securities. To the extent the Participant’s Accrued Benefit is invested in
      Employer Securities at the date of distribution, a Participant who elects to
      receive a distribution will receive such portion of his Accrued Benefit
[Alternate
      #1: in kind in the form of whole shares of Employer Securities (and cash will
      be
      distributed for any fractional shares)]. [Alternate #2: in cash] [Alternate
      #3:
      either in cash or in kind in the form of whole shares of Employer Securities
      (and cash will be distributed for any fractional shares), at the election of
      the
      Participant].
      The Named Fiduciary must direct the Trustee as to the manner in which cash
      is to
      be made available for distribution.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      VIII Notices.
      Any notice shall be in writing. Any notice to the Employer or the Named
      Fiduciary shall be sent by first class mail (postage paid), email or facsimile
      at the contact information set forth below, unless the recipient consents in
      writing to an alternate means.

     

    Notices
      to the Employer shall be addressed as follows:

     

                    _____________________________

                    _____________________________

                    _____________________________

                    _____________________________

    

    Notices
      to the Named Fiduciary shall be addressed as follows:

     

                    _____________________________

                    _____________________________

                    _____________________________

                    _____________________________

    

    Notices
      to a Participant or Distributee shall be sent by first class mail (postage
      paid), addressed to the last known address on file with the Employer or Named
      Fiduciary.

     

    Any
      notice may be sent by certified or registered mail.

     

    This
      [Restatement
      of]
      Appendix
      C is hereby adopted by the Employer this _____ day of
      ______________.

     

    
      
        	 	 	 
	 	Company
                Name
	 
 	 
 	 
 
	 	By:	 
	 	Title: 	 

      

    

     

    7

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