Document:

Issuing and Paying Agency Agreement

 Exhibit 10.12 
  
 ISSUING AND PAYING AGENCY AGREEMENT 
  
 This Agreement is made as of the 3rd day of January, 2004 by and between FMC Technologies, Inc. (the “Issuer”) and Wells Fargo Bank, National Association (the “Agent”). 
  
 WHEREAS, at Issuer’s request, Wells Fargo Bank, National
Association (the “Bank”) has agreed to act as Agent for Issuer as of the date hereof specified herein in connection with one or more “Commercial Paper Programs” (as that term is defined in this Agreement) established by the
Issuer from time to time; and 
  
 WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms and conditions pursuant to which the Bank shall act as Agent for a Commercial Paper Program. 
  

NOW THEREFORE, in consideration of the foregoing and the terms and conditions provided for in this Agreement, the parties hereto agree as
follows: 
  

	1.	APPOINTMENT AND ACCEPTANCE 

  
 The Issuer hereby appoints Agent as its issuing and paying agent in connection with the issuance from time to time and payment of certain short-term
promissory notes of the Issuer (the “Notes”) in connection with Commercial Paper Programs established by the Issuer, as more fully described herein, and Agent agrees to act as such agent upon the terms and conditions contained in
this Agreement. 
  

	2.	COMMERCIAL PAPER PROGRAMS 

  
 The Issuer may establish one or more commercial paper programs (a “Commercial Paper Program”) for the issuance of Notes under this Agreement by
delivering to Agent a completed program schedule (the “Program Schedule”), with respect to each such program. Agent has given the Issuer a copy of the current form of Program Schedule and the Issuer shall complete and return
its first Program Schedule to Agent prior to or simultaneously with the execution of this Agreement. In the event that any of the information provided in, or attached to, a Program Schedule shall change, the Issuer shall promptly inform Agent of
such change in writing. 
  

	3.	NOTES 

  
 a. All Notes issued by the Issuer under this Agreement pursuant to a Commercial Paper Program shall be promissory notes having a maturity, at the time of
issuance and upon any renewal thereof, not exceeding 365 days, and shall be exempt from the registration requirements of the Securities Act of 1933, as amended, as indicated on the Program Schedules, and from applicable state securities laws. The
Notes may be placed by dealers (the “Dealers”) pursuant to Section 4 hereof. The Notes shall be issued in book-entry form as provided in sub-paragraph (b) below. 

 b. The Notes shall not be issued in physical form, but their aggregate face amount shall be represented
by a master note (the “Master Note”) in the form of Exhibit A executed by the Issuer pursuant to the book-entry commercial paper program of The Depository Trust Company (“DTC”). Agent shall maintain the Master Note
in safekeeping, in accordance with its customary practices, on behalf of Cede & Co., the registered owner thereof and nominee of DTC. As long as Cede & Co. is the registered owner of the Master Note, the beneficial ownership interest therein
shall be shown on, and the transfer of ownership thereof shall be effected through, entries on the books maintained by DTC and the books of its direct and indirect participants. The Master Note and the Notes shall be subject to DTC’s rules and
procedures, as amended from time to time. Agent shall not be liable or responsible for sending transaction statements of any kind to DTC’s participants or the beneficial owners of the Notes, or for maintaining, supervising or reviewing the
records of DTC or its participants with respect to such Notes. In connection with DTC’s program, the Issuer understands that as one of the conditions of its participation therein it shall be necessary for the Issuer and Agent to enter into a
Letter of Representations, in the form of Exhibit B hereto, and for DTC to receive and accept such Letter of Representations. In accordance with DTC’s program, the Issuer shall obtain from the CUSIP Service Bureau a written list of CUSIP
numbers for the Notes, and shall deliver such list to DTC and to Agent. The CUSIP Service Bureau shall bill the Issuer directly for the fee or fees payable for the list of CUSIP numbers for the Notes. 
  

	4.	AUTHORIZED REPRESENTATIVES 

  
 The Issuer shall deliver to Agent a duly adopted corporate resolution from the Issuer’s Board of Directors authorizing the issuance of Notes under
each program established pursuant to this Agreement and a certificate of incumbency, with specimen signatures attached, of those officers, employees and agents, including, without limitation, any Dealers of the Issuer authorized to take certain
actions with respect to the Notes as provided in this Agreement (each such person is hereinafter referred to as an “Authorized Representative”). Until Agent receives any subsequent incumbency certificates of the Issuer, Agent shall
be entitled to rely on the last incumbency certificate delivered to it for the purpose of determining the Authorized Representatives. 
  

	5.	ISSUANCE INSTRUCTIONS TO AGENT; PAYMENT OF PURCHASE PRICE FOR NOTES 

  
 The Issuer understands that all instructions under this Agreement are to be directed to Agent’s Corporate Trust Operations Department, and may be
given in writing or by telephone, provided a written confirmation of such telephonic instructions is delivered to Agent’s Corporate Trust Operations Department by electronic mail, courier, facsimile transmission, tested telex, or some equally
prompt means no later than two hours after Agent’s receipt of such telephonic instructions. In the event that a discrepancy exists between a telephonic instruction and a written confirmation, the telephonic instruction will be deemed the
controlling and proper instruction. Agent may electronically record any conversations made pursuant to this Agreement, and the Issuer hereby consents to such recordings. All issuance instructions regarding the Notes must be received by 12 noon,
Minneapolis, Minnesota time, in order for the Notes to be issued or 

  

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delivered on the same day. Upon receipt of issuance instructions from the Issuer or its Dealers with respect to the Notes, Agent shall transmit such
instructions to DTC and direct DTC to cause appropriate entries of the Notes to be made in accordance with DTC’s applicable rules, regulations and procedures for book-entry commercial paper programs. Agent shall assign CUSIP numbers to the
Notes to identify the Issuer’s aggregate principal amount of outstanding Notes in DTC’s system, together with the aggregate unpaid interest (if any) on such Notes. Promptly following DTC’s established settlement time on each issuance
date, Agent shall access DTC’s system to verify whether settlement has occurred with respect to the Notes. Prior to the close of business on such business day, Agent shall deposit immediately available funds in the amount of the proceeds due
the Issuer (if any) to the Issuer’s account at Agent and designated in the applicable Program Schedule (the “Account”), provided that Agent has received DTC’s confirmation that the Notes have settled in accordance
with DTC’s applicable rules, regulations and procedures. Agent shall have no liability to the Issuer whatsoever if any DTC participant purchasing a Note fails to settle or delays in settling its balance with DTC or if DTC fails to perform in
any respect. 
  

	6.	USE OF SALES PROCEEDS IN ADVANCE OF PAYMENT 

  
 Agent shall not be obligated to credit the Issuer’s Account unless and until payment of the purchase price of each Note is received by Agent. From
time to time, Agent, in its sole discretion, may permit the Issuer to have use of funds payable with respect to a Note prior to Agent’s receipt of the sales proceeds of such Note. If Agent makes a deposit, payment or transfer of funds on behalf
of the Issuer before Agent receives payment for any Note, such deposit, payment or transfer of funds shall represent an advance by Agent to the Issuer to be repaid promptly, and in any event on the same day as it is made, from the proceeds of the
sale of such Note, or by the Issuer if such proceeds are not received by Agent. 
  

	7.	PAYMENT OF MATURED NOTES 

  
 On any day when a Note matures or is prepaid, the Issuer shall transmit, or cause to be transmitted, to the Account, prior to 12 noon, Minneapolis,
Minnesota time on the same day, an amount of immediately available funds sufficient to pay the aggregate principal amount of such Note and any applicable interest due. Agent shall pay the interest (if any) and principal on a Note to DTC in
immediately available funds, which payment shall be by net settlement of Agent’s account at DTC. Agent shall have no obligation under the Agreement to make any payment for which there is not sufficient, available and collected funds in the
Account, and Agent may, without liability to the Issuer, refuse to pay any Note that would result in an overdraft to the Account. 
  

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	8.	OVERDRAFTS 

  
 An overdraft will exist in an Account if Agent, in its sole discretion, (i) permits an advance to be made pursuant to Section 6 and, notwithstanding the
provisions of Section 6, such advance is not repaid in full on the same day as it is made, or (ii) pays a Note pursuant to Section 7 in excess of the available collected balance in such Account. Overdrafts shall be subject to the imposition of
interest. The Issuer shall repay any such overdraft no later than the next business day, together with interest on the overdraft at the rate defined as Wells Fargo Bank’s Prime Rate then in effect plus 2% for the Account, computed from and
including the date of the overdraft to the date of repayment (but not including the date of repayment). 
  

	9.	NO PRIOR COURSE OF DEALING 

  
 No prior action or course of dealing on the part of Agent with respect to payments of matured Notes shall give rise to any claim or cause of action by the
Issuer against Agent in the event that Agent refuses to pay or settle any Notes for which the Issuer has not timely provided funds as required by this Agreement. 
  

	10.	INFORMATION FURNISHED BY AGENT 

  
 Upon the reasonable request of the Issuer, Agent shall promptly provide the Issuer with information with respect to any Note issued and paid hereunder.

  

	11.	REPRESENTATIONS AND WARRANTIES 

  
 The Issuer represents and warrants that it has the right, capacity and authority to enter into this Agreement. The Issuer further represents and warrants
that each Note, when issued and distributed upon its instruction pursuant to this Agreement, shall constitute the legal, valid and binding obligation of the Issuer and shall be issued in a transaction which is exempt from registration under the
Securities Act of 1933, as amended, and any applicable state securities law. 
  

	12.	DISCLAIMERS 

  
 Neither Agent nor its directors, officers, employees or agents shall be liable for any act or omission under this Agreement except in the case of gross
negligence or willful misconduct of Agent or any of its directors, officers, employees or agents. IN NO EVENT SHALL AGENT BE LIABLE FOR SPECIAL, INDIRECT OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND WHATSOEVER (INCLUDING BUT NOT LIMITED TO LOST
PROFITS), EVEN IF AGENT HAS BEEN ADVISED OF THE LIKELIHOOD OF SUCH LOSS OR DAMAGE AND REGARDLESS OF THE FORM OF ACTION. In no event shall Agent be considered negligent in consequence of complying with DTC’s rules, regulations and procedures.
The duties and obligations of Agent, its directors, officers, employees or agents shall be determined by the express provisions of this Agreement and they shall not be liable 

  

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except for the performance of such duties and obligations as are specifically set forth herein and no implied covenants shall be read into this Agreement
against them. Neither Agent nor its directors, officers, employees or agents shall be required to ascertain whether any issuance or sale of any Notes (or any amendment or termination of this Agreement) has been duly authorized or is in compliance
with any other agreement to which the Issuer is a party (whether or not Agent is also a party to such agreement). 
  

	13.	INDEMNIFICATION 

  
 The Issuer agrees to indemnify and hold harmless Agent, its directors, officers, employees and agents from and against any and all liabilities, claims,
losses, damages, penalties, costs and expenses (including reasonable attorneys’ fees and disbursements) suffered or incurred by or asserted or assessed against Agent or any of them arising out of Agent or any of them acting as the Issuer’s
agent under this Agreement, except for such liability, claim, loss, damage, penalty, cost or expense resulting from the gross negligence or willful misconduct of Agent or any of its directors, officers, employees or agents. This indemnity will
survive the termination of this Agreement. 
  

	14.	EVIDENCE OF AUTHORITY 

  
 The Issuer shall deliver to Agent all documents, including without limitation an opinion of counsel, that it may reasonably request relating to the
existence of the Issuer and authority of the Issuer for this Agreement. 
  

	15.	NOTICES 

  
 All notices, confirmations and other communications hereunder shall (except to the extent otherwise expressly provided) be in writing and shall be sent by
first-class mail, postage prepaid, by telecopier or by hand, addressed as follows, or to such other address as the party receiving such notice shall have previously specified to the party sending such notice: 
  
 If to the Issuer: 
 FMC Technologies, Inc. 
 200 East Randolph Drive 
 Chicago, IL 60601 
 Attn: Joseph J. Meyer 
 Telephone: 312.861.6146 
 Facsimile: 312.861.5797 
  

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 If to Agent concerning the daily issuance and redemption of Notes: 
  
 Attention: Corporate Trust Operations 
 MAC N9303-121 
 6th Street and Marquette
Avenue 
 Minneapolis, MN 55479 
 Telephone:           (612) 316-2351 
 Facsimile:
            (612) 667-4927 
  

	16.	COMPENSATION 

  
 The Issuer shall pay compensation for services pursuant to this Agreement in accordance with the pricing schedule attached hereto as Exhibit C or as
otherwise agreed to by Agent and the Issuer from time to time and upon such payment terms as the parties shall determine. The Issuer shall also reimburse Agent for any fees and charges imposed by DTC with respect to services provided in connection
with the Notes. 
  

	17.	BENEFIT OF AGREEMENT; ASSIGNMENT 

  
 Except as otherwise provided in this Section 17, this Agreement is solely for the benefit of the parties hereto and no other person shall acquire or have
any right under or by virtue hereof. This Agreement shall be binding upon the successors and assigns of each of Issuer and Agent, except that this Agreement may not be assigned by either party hereto to any other person or entity, without the
express written consent of the other party. 
  

	18.	TERMINATION 

  
 This Agreement may be terminated at any time by either party upon 60 days prior written notice to the other, but such termination shall not affect the
respective liabilities of the parties hereunder arising prior to such termination. 
  

	19.	FORCE MAJEURE 

  
 In no event shall Agent be liable for any failure or delay in the performance of its obligations hereunder because of circumstances beyond Agent’s
control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, strikes or work stoppages for any reason, embargo, government action, including any laws, ordinances, regulations or the like
which restrict or prohibit the providing of the services contemplated by this Agreement, inability to obtain material, equipment, or communications or computer facilities, or the failure of equipment or interruption of communications or computer
facilities, and other causes beyond Agent’s control whether or not of the same class or kind as specifically named above. Agent shall promptly notify the Issuer of the impediment to performance and use commercially reasonable efforts to remove
or otherwise address such impediment as soon as practicable. 
  

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	20.	ENTIRE AGREEMENT 

  
 This Agreement, together with the exhibits attached hereto, constitutes the entire agreement between Agent and the Issuer with respect to the subject
matter hereof and supersedes in all respects all prior proposals, negotiations, communications, discussions and agreements between the parties concerning the subject matter of this Agreement. 
  

	21.	WAIVERS AND AMENDMENTS 

  
 No failure or delay on the part of any party in exercising any power or right under this Agreement shall operate as a waiver, nor does any single or
partial exercise of any power or right preclude any other or further exercise, or the exercise of any other power or right. Any such waiver shall be effective only in the specific instance and for the purpose for which it is given. No amendment,
modification or waiver of any provision of this Agreement shall be effective unless the same shall be in writing and signed by the Issuer and Agent. 
  

	22.	BUSINESS DAY 

  
 Whenever any payment to be made hereunder shall be due on a day which is not a business day for Agent, then such payment shall be made on Agent’s
next succeeding business day. 
  

	23.	COUNTERPARTS 

  
 This Agreement may be executed in counterparts, each of which shall be deemed an original and such counterparts together shall constitute but one
instrument. 
  

	24.	HEADINGS 

  
 The headings in this Agreement are for purposes of reference only and shall not in any way limit or otherwise affect the meaning or interpretation of any
of the terms of this Agreement. 
  

	25.	GOVERNING LAW 

  
 This Agreement and the Notes shall be governed by and construed in accordance with the internal laws of the State of New York, without regard to the
conflict of laws provisions thereof. 
  

	27.	WAIVER OF TRIAL BY JURY 

  
 EACH PARTY HEREBY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS
AGREEMENT. 
  

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 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on their behalf by duly
authorized officers as of the date hereof. 
  

							
	WELLS FARGO BANK, NATIONAL ASSOCIATION	 	 FMC TECHNOLOGIES, INC.

				
	 By:
	 	 /s/ Kathleen Wagner

	 	 By:
	 	 /s/ Joseph J. Meyer

	 Name:
	 	 Kathleen Wagner
	 	 Name:
	 	 Joseph J. Meyer

  

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 FMC TECHNOLOGIES 
 Commercial Paper Program 
  
 Issuing And Paying Agent Services 
  

	I.	Acceptance
Fee                                        
                                        
                                        $2500

  
 This is a one-time fee, payable upon execution
of the Issuing and Paying Agent agreement, which covers the examination of the appropriate primary documents and other supporting documents and setting up all necessary accounts and records. Extraordinary legal expenses, while not anticipated, if
incurred, are not included in the initial fee. Acceptance Fee shall be due at closing. 
  

	II.	Annual Administration Fee:
                                        
                                        
                  $5000  

  
 This annual fee covers the annual expense of maintaining transaction records on our Issuing and Paying Agent systems, system and payment expenses relating
to issuance and maturity of commercial paper, report generation, and safekeeping and authentication services. Includes up to 400 trades per year. Additional trades shall be billed at $15 per trade. If maturing commercial paper is “rolled
over” into a new issuance, the combined maturity and issuance count as one trade. If the re-issuance uses multiple CUSIP numbers, each CUSIP number represents a trade. First year fee shall be due at closing and annually thereafter. 

 

	III.	Reimbursable Charges: 

  
 All reasonable out-of-pocket expenses such as, but not limited to, professional services (such as attorneys and accountants), postage, courier services,
stationery, printing, long distance telephone, publication costs, disclosure, travel, etc. will be billed at cost. 
  

	IV.	Extraordinary Services: 

  
 The fees quoted in this schedule are intended to cover standard services and accordingly are subject to change should the circumstances warrant. Fees for
performing services not included in this schedule or not contemplated at the time of issuance, will be determined by an analysis of the particular service to be performed, expense incurred and responsibility assumed.  
  

 9Salaried Employees' Supplemental Benefit Plan

 Exhibit 10(d) 
  
 POTLATCH CORPORATION SALARIED EMPLOYEES’ 
  
 SUPPLEMENTAL BENEFIT PLAN 
  
 (As Amended and Restated Effective January 1, 1989) 
  
 SECTION 1. INTRODUCTION. 
  
 The Potlatch Corporation Salaried Employees’ Supplemental Benefit Plan (the “Plan”) was established effective September 30, 1978. The Plan was
amended from time to time thereafter and was last amended and restated to read as set forth herein effective January 1, 1989, except that the provisions of Sections 4(a), 4(b) and 4(c) incorporate amendments effective December 31, 1992. The purposes
of the Plan are (i) to supplement benefits provided under the Potlatch Corporation Salaried Employees’ Retirement Plan (the “Retirement Plan”) to the extent such benefits are reduced due to the limits of section 401(a)(17) or 415 of
the Internal Revenue Code of 1986, as amended (the “Code”), (ii) to provide retirement benefits that take into account deferred awards made under the Potlatch Corporation Management Performance Award Plan (the “MPAP”) after
January 1, 1988, (iii) to provide retirement benefits to certain executives calculated as if they received a target award under the MPAP with respect to award years 1992 and thereafter, (iv) to provide retirement benefits to participants in the MPAP
under certain formulae formerly provided under the Retirement Plan, and (v) to supplement benefits provided under the Potlatch Corporation Salaried 

  

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Employees’ Savings Plan (the “Savings Plan”) to the extent that a participant’s allocations of Company Contributions or Allocable Forfeitures are
reduced due to the limits of section 401(a)(17), 401(k)(3), 401(m) or 415 of the Code or because the participant has deferred an award under the MPAP after January 1, 1996. Capitalized terms used in the Plan (other than those defined herein) shall
have the same meanings given to such terms in the Retirement Plan or the Savings Plan, as the context may require. 
  
 SECTION 2. ELIGIBILITY AND PARTICIPATION. 
  
 Participation in the Plan shall be limited to: 
  
 (a) All participants in the Retirement Plan whose benefits thereunder are reduced due to the limits of section 401(a)(17) of the Code (limiting the
amount of compensation that may be taken into account under the Retirement Plan) or section 415 of the Code (limiting the annual benefits payable under the Retirement Plan); 
  
 (b) All participants in the Retirement Plan who are credited with deferred awards under the MPAP after January 1,
1988; 
  
 (c) All participants in the Retirement Plan who
otherwise participate in the MPAP after 1988; and 
  
 (d)
All participants in the Savings Plan whose allocations of Company Contributions or 

  

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Allocable Forfeitures are reduced because the participant has deferred an award under the MPAP after January 1, 1996 or because of the limits of one or more of the
following sections of the Code: (i) section 401(a)(17) (limiting the amount of compensation that may be taken into account under the Savings Plan); (ii) section 401(k)(3) (limiting participants’ Deferred Contributions to the Savings Plan);
(iii) section 401(m) (limiting participants’ Non-deferred Contributions and matching Company Contributions under the Savings Plan); or (iv) section 415 (limiting overall annual allocations under the Savings Plan). 
  
 Any Employee with whom the Company has entered into a contract that provides benefits equivalent to any
of the benefits described in this Plan shall not be eligible to participate in or receive benefits under this Plan to the extent of such equivalent benefits. 
  
 SECTION 3. AMOUNT OF PLAN BENEFITS. 
  
 A Participant’s Plan Benefit shall consist of (to the extent applicable to the Participant) (i) the Retirement Plan Supplemental Benefit and (ii) the Savings
Plan Supplemental Benefit. All Plan Benefits shall accrue as of the last day of each Plan Year or as of the date, if earlier, on which the Participant ceases to be an Employee. 
  

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 (a) Retirement Plan Supplemental Benefit. A Participant’s Retirement Plan Supplemental Benefit
shall be the sum of the benefits determined under (i), (ii), (iii), (iv) and (v) below, as applicable. 
  
 (i) All Participants. A Participant’s Retirement Plan Supplemental Benefit shall be the difference between (A) the actual vested benefits
payable under the Retirement Plan to the Participant and his or her joint annuitant (if any) and (B) the vested benefits that would be payable under the Retirement Plan if the limitations imposed by sections 401(a)(17) and 415 of the Code did not
apply and any deferred award credited to the Participant under the MPAP after January 1, 1988, had been paid to the Participant in the year it was deferred. In the case of any Participant who is required by Company policy to retire no later than the
Normal Retirement Date, the Retirement Plan Supplemental Benefit also shall include the difference, if any, between the actual vested benefits payable under the Retirement Plan and the vested benefits that would be payable under the Retirement Plan
if the average percentage under the MPAP with respect to award years 1992 and thereafter which was recognized by the Retirement Plan in the 

  

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Participant’s “Average Monthly Earnings” had been 100% of the “Standard Bonus.” 
  
 (ii) Eligible Employees on December 31, 1977. Any Participant who was an Eligible Employee on December 31, 1977, and
who has continuously been a participant in the Retirement Plan since that date to his or her Retirement Date or completion of 10 Years of Vesting Service shall be entitled to an additional Retirement Plan Supplemental Benefit determined pursuant to
the formula in Section 4(b) of the Retirement Plan or Section (b) of Appendix B, as applicable, recognizing such Participant’s Years of Credited Service and increases in Average Monthly Earnings during periods in which the Participant is
eligible to participate in the MPAP from January 1, 1989, through December 31, 1995, but only to the extent that such benefit exceeds the Participant’s Basic Benefit determined under the Retirement Plan and the benefit determined under
Subsection (i) above. In calculating the benefit payable under this Subsection (ii), the limitations imposed by sections 401(a)(17) and 415 of the Code shall be ignored. 
  
 (iii) Eligible Employees on December 31, 1972. Any Participant who was an Eligible Employee on December 31, 1972, and
who has 

  

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continuously been a Participant in the Retirement Plan since that date to his or her Retirement Date, shall be entitled to an additional Retirement Plan Supplemental
Benefit determined pursuant to the formula in Section 4(c) of the Retirement Plan or Section (c) of Appendix B, as applicable, recognizing such Participant’s Years of Credited Service and increases in Average Monthly Earnings during periods in
which the Participant is eligible to participate in the MPAP from January 1, 1989, through December 31, 1995, but only to the extent that such benefit exceeds the Participant’s Basic Benefit determined under the Retirement Plan and the benefit
determined under Subsections (i) and (ii) above. In calculating the benefit payable under this Subsection (iii), the limitations imposed by sections 401(a)(17) and 415 of the Code shall be ignored. 
  
 (iv) Surviving Spouses of Certain Participants. Upon the death of a
Participant who last became an Eligible Employee prior to January 1, 1973, and who qualified as an Eligible Employee immediately prior to Retirement or whose Retirement was deferred beyond the Normal Retirement Date and who qualified as an Eligible
Employee on the Normal Retirement Date, the 

  

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surviving spouse of such Participant shall be entitled to an additional monthly survivor’s benefit under this Plan, determined pursuant to the rules and under the
conditions set forth in Section 12 of the Retirement Plan, recognizing the Participant’s Years of Credited Service and increases in Average Monthly Earnings during periods in which the Participant is eligible to participate in the MPAP from
January 1, 1989, through December 31, 1995, but only to the extent that such benefit exceeds the survivor’s benefit determined under the Retirement Plan and any survivor’s benefit payable pursuant to (i) through (iii) above. In calculating
the benefit payable under this Subsection (iv), the limitations imposed by sections 401(a)(17) and 415 of the Code shall be ignored. 
  
 (v) Participants Listed in Exhibit A. Any Participant listed in Exhibit A who is an Eligible Employee immediately prior to his or her Normal
Retirement Date or whose Credited Service terminates after the attainment of age 62 and completion of 10 or more Years of Vesting Service shall be entitled to an additional Retirement Plan Supplemental Benefit equal to two percent of the
Participant’s Average Monthly Earnings multiplied by the Participant’s Years of Credited Service up 

  

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to 20 such Years, minus the Participant’s Social Security Offset, but only to the extent that such benefit exceeds the Participant’s Basic Benefit determined
under the Retirement Plan and the Retirement Plan Supplemental Benefit otherwise determined under this Section 3(a). For purposes of this Subsection (v), (A) Years of Credited Service and any increase in the Participant’s Average Monthly
Earnings after December 31, 1995, shall be disregarded; (B) the limitations imposed by sections 401(a)(17) and 415 of the Code shall be ignored; and (C) the term “Social Security Offset” means 50% of the monthly primary retirement
benefits, if any, to which the Participant would be entitled commencing at age 65 under the federal Social Security Act. 
  
 (b) Savings Plan Supplemental Benefit. A Participant’s Savings Plan Supplemental Benefit shall be the vested amount credited to a bookkeeping
account established pursuant to this Section 3(b). As of the last day of each Plan Year commencing after December 31, 1987, each Participant whose allocations for such Plan Year under the Savings Plan are reduced as described in Section 2(d) above
and who has made the maximum Participating Deferred and Participating Non-deferred Contributions permitted under the Savings Plan for such Plan Year shall have an amount credited to such bookkeeping account. The amount so credited shall be the
difference between the 

  

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amount of Company Contributions and Allocable Forfeitures actually allocated to the Participant under the Savings Plan for such Plan Year and the amount of Company
Contributions and Allocable Forfeitures that would have been allocated to the Participant under the Savings Plan for such Plan Year if the Participant had made Participating Contributions equal to six percent of the Participant’s Earnings
(determined without regard to section 401(a)(17) of the Code and without regard to the deferral of any award otherwise payable after January 1, 1996 under the MPAP). 
  
 Until the last day of the month preceding payment of the Participant’s entire Savings Plan Supplemental Benefit, the amount
credited to such bookkeeping account shall be credited with interest equal to 70 percent of the higher of the following averages, compounded annually: (i) the prime rate charged by the major commercial banks as of the first business day of each
month (as reported in an official publication of the Federal Reserve System) or (ii) the, average monthly long-term rate of A rated corporate bonds (as published in Moody’s Bond Record). 
  
 The Participant shall become vested in the Participant’s Savings Plan Supplemental
Benefit upon the earliest of completion of five Years of Vesting Service, attainment of age 65 while an Employee, death while an Employee or Total and Permanent Disability. 
  

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 SECTION 4. DISTRIBUTIONS OF PLAN BENEFITS 
  
 Distributions of Plan Benefits shall be made in cash after the Participant ceases to
be an Employee pursuant to the following procedures. 
  
 (a) Retirement Plan Supplemental Benefit. A Participant’s vested Retirement Plan Supplemental Benefit shall be payable to the Participant or to any other person who receives benefits under the Retirement Plan with respect to the
Participant in the same form and at the same times as the Participant’s Retirement Plan benefit is paid. However, if the Participant elects to have the Retirement Plan benefit paid in an optional form and/or before the Participant’s Normal
Retirement Date, the Chairman of the Executive Compensation and Personnel Policies Committee of the Board of Directors of the Company (the “Chairman”), acting on behalf of the Executive Compensation and Personnel Policies Committee of the
Board of Directors of the Company (the “Committee”), may determine in his or her sole discretion that the Retirement Plan Supplemental Benefit shall be payable in the normal form and/or at the Normal Retirement Date notwithstanding the
Participant’s election. A Participant’s Retirement Plan Supplemental Benefit shall be subject to the same actuarial adjustments for time and form of payment applicable to Retirement Plan benefits. 
  
 (b) Savings Plan Supplemental Benefit. A Participant may elect to
receive distribution of the Participant’s vested Savings Plan Supplemental Benefit in 15 or fewer 

  

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annual installments or in a lump sum beginning as soon as practicable after January 1 of the year following the year in which the Participant ceases to be an Employee
by filing the prescribed form with the Committee. Distribution will be made in accordance with the Participant’s election unless the Chairman, acting on behalf of the Committee, disapproves the election before the date distribution is to
commence. The amount of any annual installment shall be determined by dividing the amount credited to the Participant’s book-keeping account as of the last day of the month preceding the date of distribution of such installment by the total
number of installments elected by the Participant less the number of installments already paid. 
  
 If the Participant fails to make an election pursuant to this Section 4(b) or if the Chairman disapproves the Participant’s election, the vested Savings Plan
Supplemental Benefit shall be distributed in 15 annual installments beginning as soon as practicable after January 1 of the year following the year in which the Participant ceases to be an Employee, unless the Chairman in his or her sole discretion
determines that distribution shall be made in a single lump sum. 
  
 The
Chairman in his or her sole discretion may accelerate the distribution of installments upon the request of the Participant. 
  
 If a Participant dies before the Participant’s Savings Plan Supplemental Benefit has been completely distributed, such 

  

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benefit shall be distributed in a lump sum as soon as practicable thereafter to the person who is or would be the Participant’s Beneficiary under the Savings
Plan. 
  
 (c) Small Benefits. Notwithstanding any contrary
provision of the Plan, if a Participant’s Savings Plan Supplemental Benefit or the present value of the Participant’s Retirement Plan Supplemental Benefit is less than $3,500 when the Participant ceased to be an Employee, such benefit
shall be distributed in a single lump sum as soon as practicable after January 1 of the year following the year in which the Participant ceases to be an Employee. If a Participant is an Employee and the value of the Participant’s Savings Plan
Supplemental Benefit is less than $3,500 on December 31, 1992, such benefit shall be paid to the Participant in a single lump sum on or about December 31, 1992. After December 31, 1992, a minimum allocation of $1,000 shall be required to establish a
Savings Plan Supplemental Benefit account, and amounts less than such minimum shall be paid to the Participant in cash. 
  
 SECTION 5. MISCELLANEOUS. 
  
 (a) Forfeitures. Plan Benefits shall be forfeited under the following circumstances: 
  
 (i) If the Participant is not vested in the Retirement Plan Supplemental Benefit or Savings Plan Supplemental Benefit
when the Participant ceases to be an Employee; or 
  

 -12- 

 (ii) If the Participant is indebted to the Company or any Subsidiary at the time the Participant or
the Participant’s joint annuitant or other Beneficiary becomes entitled to payment of a Plan Benefit. In such a case, to the extent that the amount of the Plan Benefit does not exceed such indebtedness, the amount of such Plan Benefit shall be
forfeited and the Participant’s indebtedness shall be extinguished to the extent of such forfeiture. 
  
 (b) Funding. The Plan shall be unfunded, and all Plan Benefits shall be paid from the general assets of the Company or from assets held in a grantor
trust that is subject to the claims of the Company’s general or judgment creditors. 
  
 (c) Tax Withholding. The Committee shall make appropriate arrangements for satisfaction of any federal or state income tax or other payroll-based
withholding tax required upon the accrual or payment of any Plan Benefits. 
  
 (d) No Employment Rights. Nothing in the Plan shall be deemed to give any individual a right to remain in the employ of the Company or any Subsidiary or to limit in any way the right of the Company or a Subsidiary to terminate
any individual’s employment with or without cause, which right is hereby reserved. 
  

 -13- 

 (e) No Assignment of Rights. 
  
 (i) Except as otherwise provided in Section 5(a)(ii) with respect to a Participant’s indebtedness to the Company
or a Subsidiary or in Section 5(e)(ii), the interest or rights of any person in the Plan or in any distribution to be made hereunder shall not be assigned (either at law or in equity), alienated, anticipated or subject to attachment, bankruptcy,
garnishment, levy, execution or other legal or equitable process. Any act in violation of this Section 5(e)(i) shall be void. 
  
 (ii) All or any portion of a Participant’s Plan Benefit hereunder shall be subject to the creation, assignment or recognition of a right under
a state domestic relations order that is determined to be a “qualified domestic relations order” (within the meaning of section 414(p) of the Code) under the procedures established by the Company for the determination of the qualified
status of domestic relations orders and for making distributions under qualified domestic relations orders. 
  
 (f) Administration. The Plan shall be administered by the Committee. No member of the Committee shall become a Participant in the Plan. The
Committee shall make such rules, interpretations and computations as it may deem appropriate, and any decision of the Committee with 

  

 -14- 

 
respect to the Plan, including (without limitation) any determination of eligibility to participate in the Plan and any calculation of Plan Benefits, shall be
conclusive and binding on all persons. 
  
 (g) Amendment
and Termination. The Company expects to continue the Plan indefinitely. Future conditions, however, cannot be foreseen, and the Company shall have the authority to amend or to terminate the Plan at any time by action of its board of directors or by
action of a committee or individual(s) acting pursuant to a valid delegation of authority. In the event of an amendment or termination of the Plan, a Participant’s Plan Benefits shall not be less than the Plan Benefits to which the Participant
would be entitled if the Participant’s employment had terminated immediately prior to such amendment or termination of the Plan. 
  

 -15- 

 POTLATCH CORPORATION SALARIED EMPLOYEES’ 
 SUPPLEMENTAL BENEFIT PLAN 
  
 EXHIBIT A 
  
 Aili, Robert S. 
  
 Cheek, George C. 
  
 Cooper, Harry A. 
  
 Commerford, H. Fred 
  
 Clark, Philip C. 
  
 Davis, Frances M. 
  
 Dreshfield, Arthur C. 
  
 Eddington, Charles W. 
  
 Eischen, Robert K. 
  
 Feeley, Donald R. 
  
 Krantz, Irwin W. 
  
 Lloyd, Richard M. 
  
 Neuner, Charles L. 
  
 Page, Gordon R. 
  
 VandeVoorde, Henry J. 
  
 Wharton, Logan H. 
  
 Wirsig, Eugene F. 
  

 CERTIFICATE 
  
 AMENDMENT AND RESTATEMENT OF THE 
 POTLATCH CORPORATION SUPPLEMENTAL
BENEFIT PLAN 
  
 Whereas this Corporation, by resolution adopted by its
Board of Directors effective May 5, 1989, authorized the Chairman of the Board of this Corporation to adopt changes to benefit plans established and maintained by this Corporation if those changes do not have a material financial impact on such
plans or the Corporation; and 
  
 Whereas it is deemed necessary and
desirable to amend the Potlatch Corporation Supplemental Benefit Plan (the “Plan”) to incorporate prior amendments, to make certain other nonsubstantive changes and to coordinate with a change in the Potlatch Corporation Salaried
Employees’ Savings Plan that recognizes short-term incentive compensation in the definition of “Earnings”: 
  
 Now, Therefore, be it 
  
 RESOLVED that effective as of January 1, 1989, the Potlatch Corporation Salaried Employees’ Supplemental Benefit Plan shall be amended and restated in the form
of the document attached hereto and incorporated herein by reference. 
  

									
	 	 	 	 	 POTLATCH CORPORATION

					
	 	 	 Date
	 	 	 	By	 	 /s/    JOHN M.
RICHARDS        

	 	 	 	 	 	 	 	 	Chairman of the Board

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