Document:

Separation Agreement

 Exhibit 10.1 
  
 SEPARATION AGREEMENT WITH WAIVER AND RELEASE OF CLAIMS 
  
 This Separation Agreement with Waiver and Release of Claims (the “Agreement”) is entered into as of October 26,
2004, by and between Blockbuster Inc. (“Blockbuster”) and Nigel Travis (“Mr. Travis”) (collectively the “Parties”). 
  
 1. Mr. Travis’ employment with Blockbuster is hereby terminated, such termination to be effective as of December 31, 2004, or such earlier date as
may be directed by Blockbuster’s Chief Executive Officer (“CEO”). On the date of this Agreement, Mr. Travis hereby resigns from his positions of President, Chief Operating Officer and any other official positions held pursuant to his
employment with Blockbuster and from that day forward is an at-will employee and shall perform such duties, if any, as assigned by Blockbuster’s CEO. After the date of his termination, or such earlier date as may be required by law, Mr. Travis
shall receive a lump sum payment for any accrued, unused vacation, less ordinary withholding tax, on or before the next regularly scheduled payday, or such earlier date as may be required by law. 
  
 2. Mr. Travis’ separation pay and benefits shall consist of the
following: 
  
 a. Severance Payments. As of the date of
this Agreement, Mr. Travis’ Employment Agreement with Blockbuster dated as of October 13, 2000 (as amended to date, the “Employment Agreement”) which Employment Agreement supercedes all other agreements or contracts related to his
employment, shall be terminated. In lieu of any rights under the Employment Agreement, Blockbuster shall provide Mr. Travis with severance pay in an amount equal to 12 months of his current base salary commencing on January 1, 2005. The severance
pay shall be paid bi-weekly or in accordance with Blockbuster’s then effective payroll practices. In addition, on or about December 31, 2004, Mr. Travis shall receive a lump sum payment of one million dollars ($1,000,000.00), less any
applicable withholdings, which payment shall be in lieu of the additional 24 months of mitigated severance payments (including salary, insurance coverage and all other payments contemplated in the Employment Agreement). No payments of any kind other
than his salary and benefits excluding stock options through December 31, 2004, and payments specifically enumerated and provided herein shall be due to Mr. Travis pursuant to this Agreement, the Employment Agreement or any other agreements or
contracts, including, but not limited to, any payments for calendar years 2006 and 2007. 
  
 b. Medical Insurance. Upon termination of his employment with Blockbuster, Mr. Travis shall be entitled to receive medical and dental coverage under COBRA at no cost to him (except as hereafter described)
pursuant to Blockbuster’s then current benefit plans. Such coverage shall continue until the earlier of (i) December 31, 2005 or (ii) the date on which Mr. Travis becomes eligible for medical and dental coverage from a third party; provided,
that, during the period Blockbuster provides Mr. Travis with this coverage, an amount equal to the applicable COBRA premiums which Mr. Travis would otherwise have to pay for such coverage (or such other amount as required by law) will be included in
Mr. Travis’ reported income for tax purposes to the extent required by law. Mr. Travis may elect to continue his medical and dental coverage after December 31, 2005 at his own expense for the balance, if any, of the period required by law.

  
 c. Stock Options. Effective as of the date of this
Agreement, Mr. Travis shall surrender any and all stock options granted to him under the Blockbuster Inc. Amended and Restated 1999 Long-Term Management Incentive Plan, as amended to date, or any other Blockbuster plan(s) in exchange for a lump sum
payment of one million five hundred thousand dollars ($1,500,000.00), which payment shall be paid on or about December 31, 2004. 
  
 d. Bonus Compensation. Mr. Travis shall receive bonus compensation for the 2004 calendar year payable by the end of the first quarter of 2005, as
determined pursuant to the terms of the Amended and Restated Senior Executive Short Term Incentive Plan (“SESTIP”) and in accordance with the sole discretion and determination of the Senior Executive Compensation Committee of the
Blockbuster Board of Directors. Bonus compensation for the 2005 calendar year shall be paid to Mr. Travis in an amount as solely determined by the Senior 

 Executive Compensation Committee of the Blockbuster Board of Directors. If other then current Executive Vice Presidents
receive bonus payments for the 2004 or 2005 calendar years, Mr. Travis will be eligible to receive bonus payments for the 2004 or 2005 calendar years, respectively. No bonus or other incentive payments shall be paid for any other calendar years.

  
 e. Car Allowance. Mr. Travis shall continue to receive
his car allowance of seven hundred fifty dollars ($750.00) per month and car insurance until December 31, 2005 paid in accordance with Blockbuster’s then effective payroll practices. 
  
 f. Life Insurance. Mr. Travis shall be entitled to life insurance coverage in an amount equal to two times his annual
salary under Blockbuster’s United States (“US”) life insurance plan and in an amount equal to two times his annual salary under Blockbuster’s United Kingdom (“UK”) life assurance plan until December 31, 2005 at
no cost to him. 
  
 g. UK Travel Reimbursement. Mr. Travis
and his dependents living with him in the United States shall be reimbursed for one trip to the UK to commence in December 2004. The reimbursement shall include business-class airfare to and from the UK. Meals and other incidentals are not included.
No other expenses for personal travel shall be reimbursed. 
  
 3.
In consideration for this Agreement by Blockbuster to provide Mr. Travis with the separation package outlined herein, the sufficiency of which Mr. Travis acknowledges, Mr. Travis, on behalf of himself, his successors, heirs, and assigns, releases
and forever discharges Blockbuster and its subsidiaries, parent and affiliated companies, employees, officers and directors, and their respective assigns from any and all manner of claims, debts, demands, damages, liabilities and causes of action,
whether known or unknown from the beginning of time, which Mr. Travis, his successors, heirs, and assigns, may have had or may presently have, relating to or arising out of the employment relationship or the termination of said relationship
including, but not limited to causes of action for libel, slander, breach of contract, impairment of economic opportunity, intentional infliction of emotional distress or any other tort, or claims under federal, state, or local constitutions,
statutes, regulations, ordinances or common law, including, but not limited to, the Employee Retirement Income Security Act of 1974, the Civil Rights Acts of 1866, 1871, 1964 and 1991, the Age Discrimination in Employment Act, as amended by the
Older Workers Benefit Protection Act of 1990, the Equal Pay Act of 1963, the Americans with Disabilities Act of 1990, the Texas Commission on Human Rights Act, and the Family and Medical Leave Act of 1993. You understand that you are not waiving any
right under the Older Workers Benefit Protection Act to test the knowing and voluntary nature of this Agreement in court. Mr. Travis further agrees on behalf of himself, his successors, heirs, and assigns, to release and forever discharge
Blockbuster and its subsidiaries, parent and affiliated companies, employees, officers and directors, and their respective assigns, from all claims pursuant to the laws of the United Kingdom, including but not limited to, any claim in relation to
wages under part II of the Employment Rights Act of 1996, any claim in relation to a redundancy payment under part XI of the Employment Rights Act of 1996, any claim for unfair dismissal under the Employment Rights Act of 1996, any claim under the
Sex Discrimination Act of 1975, any claim under the Race Relations Act of 1976, any claim under the Equal Pay Act of 1970, any claim under the Trade Union and Labour Relations (Consolidation) Act of 1992, any claim under the Disability
Discrimination Act of 1995, any claim under the Public Interest Disclosure Act of 1998, any claim under the Working Time Regulations of 1998, and any claim under Article 119 of the Treaty of Rome. He agrees to refrain from instituting or continuing
any such Tribunal or Court claims against Blockbuster. For the avoidance of doubt, such claims are to be treated as “particular proceedings” within the terms of Section 203(3) (b) of the Employment Rights Act 1996 and “particular
complaints” for the purposes of s.72 (4A) (b) of the Race Relations Act 1976 and S77 (4A) (b) of the Sex Discrimination Act 1975 (together referred to as the Acts, which expression shall include all Regulations made under them and all
modifications or amendments). He further agrees that the compensation paid to him pursuant to this agreement includes any sum which might have been payable in respect of the basic award and the compensatory award and includes any sum which might
have been payable in respect of contractual damages, in the event that, notwithstanding any provision in this agreement, he were found to have been unfairly or wrongfully dismissed. Mr. Travis agrees that it would not be just or equitable for a
Court or Employment Tribunal to grant any further award or compensation to him in respect of such claims. 

 4. In addition to those terms and conditions previously stated herein, this Agreement is subject to the
following terms and conditions: 
  
 a. Blockbuster shall not be
obligated to provide Mr. Travis with any other compensation or benefits other than those enumerated herein. 
  
 b. Nothing contained in this Agreement constitutes an admission of liability by Blockbuster concerning any aspect of this employment relationship or the
termination of said relationship. 
  
 c. Unless specified in this
Agreement to the contrary, participation in all Blockbuster benefit plans and programs (including, without limitation, vacation accrual, the United Kingdom pension plan, Long and Short Term Disability plans, accidental death and dismemberment and
business travel and accident insurance) will end upon termination of Mr. Travis’ employment subject to any vested rights he may have under the terms of such plans or programs. Mr. Travis understands that he will not accrue any additional
benefits or employment rights other than those specifically referenced herein. 
  
 d. Mr. Travis does not waive any rights or claims that may arise after the date this Agreement is executed, except that Mr. Travis agrees and acknowledges that upon execution of this agreement he becomes an at-will
employee of Blockbuster and understands that his employment will terminate no later than December 31, 2004. This provision is intended to include any claims that may have arisen before the date of this Agreement but which are unknown to Mr. Travis
as of the date of this Agreement. 
  
 e. The consideration given
by Blockbuster under this Agreement is intended to resolve any potential claim arising out of the employment relationship or the termination of said relationship and in excess of any sums he might otherwise be entitled to receive without having
entered into this Agreement. These sums are a substitute for any and all compensation and benefits Mr. Travis would have received had this Agreement not been executed. 
  
 f. Subject to reimbursement of reasonable out-of-pocket travel costs and expenses, Mr. Travis agrees to cooperate fully with
Blockbuster and its counsel with respect to any matter (including litigation, investigation or governmental proceeding) which relates to matters with which Mr. Travis was involved or for which he has or had knowledge during his employment with
Blockbuster. Such cooperation shall include appearing from time to time at the offices of Blockbuster or Blockbuster’s counsel for conferences and interviews, providing sworn testimony in any form, and in general providing the officers of
Blockbuster and its counsel with the full benefit of Mr. Travis’ knowledge with respect to any such matter. Mr. Travis agrees to render such cooperation in a timely fashion and at such times as may be mutually agreeable to the parties
concerned. 
  
 g. Mr. Travis agrees that, during the pendency of
any litigation or other proceeding, and anytime thereafter, he will not communicate with anyone (other than his attorneys or tax advisors) with respect to the facts or subject matter of any pending or potential litigation, or regulatory or
administrative proceeding involving Blockbuster, including any of its affiliates, or any of its officers, directors, agents, employees, suppliers or customers, other than any litigation or other proceeding in which Mr. Travis is a
party-in-opposition, without giving prior notice to Blockbuster’s General Counsel, and in the event that any other party attempts to obtain information or documents from Mr. Travis with respect to matters possibly related to such litigation or
other proceeding, Mr. Travis will promptly so notify Blockbuster’s General Counsel and not discuss such matter with any other party without prior consultation with Blockbuster’s General Counsel. 
  
 h. Mr. Travis acknowledges that, during the course of the employment
relationship, he has or will become privy to confidential and proprietary business information belonging to Blockbuster, the unauthorized disclosure of which could cause serious and irreparable injury to Blockbuster and its affiliates. The
information includes, but is not limited to, information concerning existing and prospective expansion plans; existing and potential financing sources and arrangements; existing and prospective marketing plans and activities; proprietary computer
software programs and applications; existing and prospective franchise plans; existing and prospective Internet-related plans; business plans and strategies and other non-public information. Mr. Travis agrees to hold and safeguard the confidential
information in trust for Blockbuster, its successors and assigns, and 

 agrees that he will not misappropriate, use for his own advantage, disclose or otherwise make available to anyone who is
not an officer of Blockbuster, for any reason, any of the confidential information, regardless of whether the confidential information was developed or prepared by him or others. Mr. Travis agrees not to remove any writings containing confidential
information, or copies or summaries of same, from Blockbuster’s premises or possession without Blockbuster’s express consent. Mr. Travis agrees to promptly return to Blockbuster all confidential information in Mr. Travis’ possession
or under Mr. Travis’ control (whether in original, copy, or electronic form). Before disclosing any confidential information under compulsion of legal process, Mr. Travis agrees to promptly give notice to Blockbuster of the fact that he has
been served with legal process pursuant to which the disclosure of confidential information may be requested. Such notice will be given within sufficient time to permit Blockbuster to intervene in the matter or to take such other actions as may be
necessary or appropriate to protect its interest. The scope of this Agreement is not limited to information that is patented, patentable, copyrighted or technically classifiable as a trade secret. This provision is intended to survive the
termination of Mr. Travis’ employment. 
  
 i. Mr. Travis will
not, prior to March 1, 2007, directly or indirectly engage in or participate as an officer, director, agent, employee, or consultant of any business that competes with Blockbuster, nor shall Mr. Travis make any investments in any company or business
that competes with Blockbuster by providing home entertainment, including movies and games, to consumers via any means whether now or hereafter developed; provided, however, that nothing herein shall prevent Mr. Travis from investing as less than a
one (1%) percent shareholder in the securities of any company listed on a national exchange or quoted on an automated quotation system. Mr. Travis agrees that the determination regarding whether a conflict exists pursuant to this paragraph will be
made by Blockbuster’s CEO. 
  
 j. Mr. Travis will not, prior
to March 1, 2007, directly or indirectly, call upon, solicit, divert or take away, or attempt to solicit, divert or take away, any customers or clients Mr. Travis became acquainted with as a result of his employment with Blockbuster 
  
 k. As a material inducement to Blockbuster to enter into this Agreement, Mr.
Travis agrees not to make, write or publish, or assist, participate or collaborate in the making, writing or publishing of, any disparaging oral or written statement, including but not limited to, any book, article or other publication, now, or at
any time in the future, to representatives of any media, any other person, or the public, regarding or in any way relating, directly or indirectly, to Mr. Travis’ employment with Blockbuster or the business, reputation, competence or character
of Blockbuster or any officer, director, employee, partner, joint venturer, franchisee or licensee of Blockbuster. 
  
 l. Mr. Travis will not, prior to March 1, 2007, hire, attempt to hire, or be involved with hiring, directly or indirectly, any Blockbuster employee away
from Blockbuster. In addition, Mr. Travis agrees not to encourage or induce any Blockbuster employee to leave Blockbuster. 
  
 m. Mr. Travis shall return all company property to Blockbuster on or before his last date of employment. 
  
 n. For breach of any provision of this Agreement, the parties shall have such
remedies and rights as are customarily available at law or in equity, except that, in any action or proceeding brought to enforce this Agreement or to recover damages for its breach, the prevailing party shall be entitled to recover, should it
substantially prevail in the matter, reasonable attorneys’ fees and litigation expenses. 
  
 o. In the event Mr. Travis, his heirs or assigns or any party acting on behalf of Mr. Travis, contests, violates or breaches this Agreement, Blockbuster’s obligations imposed herein shall be extinguished and
Blockbuster shall not be obligated to continue performance under this Agreement. In such a case, Mr. Travis shall be required to re-pay Blockbuster all consideration received pursuant to this Agreement and this Agreement will act as a complete and
total bar to any recovery by Mr. Travis. This provision does not apply to a challenge asserting a breach of this Agreement by Blockbuster. 
  
 p. Mr. Travis agrees that the legal remedies for the breach of this Agreement would not be adequate, and that, in addition to any other remedies available
at law, these provisions may be specifically enforced by temporary or permanent injunctive or other equitable relief. 

 q. In the event of Mr. Travis’ death while his he is still entitled to receive compensation under this Agreement,
his beneficiary or estate will receive, to the extent permitted by law, any compensation or other benefits contemplated herein but not yet paid. 
  
 r. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, IRRESPECTIVE OF THE CONFLICT OF LAWS RULES.
FURTHERMORE, BLOCKBUSTER AND MR. TRAVIS AGREE THAT THE TEXAS COURTS ARE THE EXCLUSIVE FORUM FOR RESOLVING ANY DISPUTES ARISING OUT OF THIS AGREEMENT OR MR. TRAVIS’ EMPLOYMENT. 
  
 s. Mr. Travis has been advised to discuss this Agreement with an attorney of his choice before signing it, and is freely and
voluntarily signing this document in exchange for the promises and consideration provided by Blockbuster under this Agreement. 
  
 t. This Agreement will supersede all prior written or oral agreements or understandings between Blockbuster and Mr. Travis relating to his employment by
and separation from Blockbuster including the Employment Agreement and any other agreements or contracts. This Agreement represents the full understanding between Mr. Travis and Blockbuster, and no parol evidence shall be relevant to supplement or
explain this Agreement. 
  
 u. Should any provision of this
Agreement be found unenforceable, the remainder of the Agreement, in its modified form, shall nonetheless be fully enforceable. 
  
 v. Mr. Travis acknowledges that he has been given at least twenty-one (21) days to review consider this Agreement and may revoke acceptance within seven
(7) days of the execution of this Agreement. Pursuant to the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act of 1990, this Agreement shall become effective and enforceable immediately upon the expiration
of the revocation period so long as Mr. Travis has not executed his right of revocation. 
  
 IN WITNESS WHEREOF, we hereunto set our hands, this 26th day of October, 2004.

  

	
	 /s/ Nigel Travis

	 Nigel Travis

  
 DATE: October 26, 2004 
  
 BLOCKBUSTER INC.

  

			
	 By:
	 	 /s/ Larry J. Zine

	 	 	 Larry J. Zine

	 	 	 Executive Vice President, Chief Financial Officer

	 	 	 and Chief Administrative Officer

  
 DATE: October 26, 2004UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN-TRUST AGREEMENT

 Exhibit 10.1 
  
 UNITIL CORPORATION TAX DEFERRED SAVINGS AND 
 INVESTMENT PLAN 
  
 TRUST AGREEMENT 
  

							
	 ARTICLE

	  	PAGE

			
	 I
	  	Establishment of Trust and Appointment and Acceptance of Trustee	  	1
				
	 	  	1.01	  	Establishment of Trust	  	1
	 	  	1 02	  	Title of Trust	  	1
	 	  	1.03	  	Appointment and Acceptance of Trustee	  	1
	 	  	1 04	  	Effectiveness	  	1
			
	 II
	  	Fiduciaries	  	1
				
	 	  	2.01	  	Administrative and Investment Fiduciaries	  	1
	 	  	2.02	  	Identification of Fiduciaries and Designees	  	2
			
	 III
	  	Trust Fund	  	2
				
	 	  	3.01	  	Receipts	  	2
	 	  	3.02	  	Trust	  	2
	 	  	3.03	  	Another Trust	  	3
			
	 IV
	  	Investments	  	3
				
	 	  	4.01	  	Investment Management	  	3
	 	  	4.02	  	Investment Managers	  	3
	 	  	4.03	  	Participant Direction	  	3
	 	  	4.04	  	Selection of Investments	  	4
	 	  	4.05	  	Funds Awaiting Investment	  	4
	 	  	4.06	  	Voting, Tendering and Other Rights	  	4
	 	  	4.07	  	Services Through Affiliated Organizations	  	4
	 	  	4.08	  	Investment Directions	  	5
	 	  	4.09	  	Custody of Participant Loan Documentation	  	5
	 	  	4.10	  	Common and Collective Trust Funds	  	5
	 	  	4.11	  	Mutual and Other Investment Funds	  	6
			
	 V
	  	Disbursements, Administrative Directions and Expenses	  	6
				
	 	  	5.01	  	Disbursements	  	6
	 	  	5.02	  	Administrative Fiduciary’s Directions	  	6
	 	  	5.03	  	Disputed Payments	  	7
	 	  	5.04	  	Taxes	  	7
	 	  	5.05	  	Expenses of Administration	  	7

  

							
	 ARTICLE

	  	PAGE

			
	 VI
	  	Powers of Trustee	  	7
				
	 	  	6.01	  	Nondiscretionary Investment Powers	  	7
	 	  	6.02	  	Standard of Care	  	10
	 	  	6.03	  	Location and Indicia of Ownership	  	10
	 	  	6.04	  	Preservation of Liquidity Ratio for Stock Fund	  	10
			
	 VII
	  	Responsibilities, Agents Indemnification and Bonding	  	10
				
	 	  	7.01	  	Relationship of Fiduciaries	  	10
	 	  	7.02	  	Benefit of Participants	  	10
	 	  	7.03	  	Agents of Administrative Fiduciary and Investment Fiduciary	  	11
	 	  	7.04	  	Agents of Trustee	  	11
	 	  	7.05	  	Protection of Designees	  	11
	 	  	7.06	  	Bond	  	11
	 	  	7.07	  	Indemnification	  	11
	 	  	7.08	  	Trustee’s Reliance	  	11
	 	  	7.09	  	Survival of Provisions	  	12
			
	 VIII
	  	Payments to Trustee and Agents	  	12
				
	 	  	8.01	  	Payments to the Trustee	  	12
	 	  	8.02	  	Expenses and Compensation	  	12
			
	 IX
	  	Records, Accountings and Valuations	  	12
				
	 	  	9.01	  	Records	  	12
	 	  	9.02	  	Accountings	  	12
	 	  	9.03	  	Valuation	  	13
			
	 X
	  	Amendment and Termination of Trust	  	13
				
	 	  	10.01	  	Amendment	  	13
	 	  	10.02	  	Termination	  	13
			
	 XI
	  	Resignation and Removal of Trustee	  	14
				
	 	  	11.01	  	Resignation	  	14
	 	  	11.02	  	Removal	  	14
	 	  	11.03	  	Appointment of a Successor	  	14
	 	  	11.04	  	Settlement of Account	  	14
	 	  	11.05	  	Termination of Responsibility and Liability	  	14

  

							
	 ARTICLE

	  	PAGE

			
	 XII
	  	Miscellaneous	  	14
				
	 	  	12.01	  	Exclusive Benefit Rule	  	14
	 	  	12.02	  	Conflict with Plan	  	15
	 	  	12.03	  	Failure to Maintain Qualification	  	15
	 	  	12.04	  	Appointment of a Successor	  	15
	 	  	12.05	  	Restriction on Alienation	  	15
	 	  	12.06	  	Payment on Court Order	  	15
	 	  	12.07	  	Arbitration	  	15
	 	  	12.08	  	Governing Law and Construction	  	16
	 	  	12.09	  	Successors and Assigns	  	16
	 	  	12.10	  	Gender	  	16
	 	  	12.11	  	Headings	  	16
	 	  	12.12	  	Counterparts	  	17
	 	  	12.13	  	Special, Indirect or Consequential Damages	  	17
	 	  	12.14	  	Amendment, Modification or Waiver	  	17
		
	 SCHEDULES
	  	 
				
	 	  	A	  	Administrative and Investment Fiduciaries and Agents	  	18
	 	  	B	  	Selection of Investments, Including Investment for Funds Awaiting Investment and Default Investment	  	19
	 	  	C	  	Voting of Employer Securities	  	20
	 	  	D	  	Existing GICs/GACs	  	21
	 	  	E	  	Trustee’s Fees	  	22

  

 UNITIL CORPORATION TAX DEFERRED SAVINGS AND INVESTMENT PLAN 
  
 TRUST AGREEMENT 
  
 This Trust Agreement is entered into as of July 30, 2004, by and between Unitil Service Corp.
(the “Sponsor”) and New York Life Trust Company, a New York corporation (the “Trustee”), with respect to a trust (“Trust”) forming part of the Unitil Corporation Tax Deferred Savings and Investment Plan (the
“Plan”) and shall supersede any previous trust agreements. 
  
 The
Sponsor and the Trustee hereby agree as follows: 
  
 ARTICLE I

  
 ESTABLISHMENT OF TRUST AND APPOINTMENT 

AND ACCEPTANCE OF TRUSTEE 
  

	1.01	Establishment of Trust. The Trust is intended to be a qualified trust under section 401(a) of the Internal Revenue Code of 1986, as amended from time to time (the
“Code”), and exempt from taxation pursuant to section 501(a) of the Code. If this Trust is established as a successor trust, the Trustee shall have no duty to ascertain the qualified status of any prior trust. 

  

	1.02	Title of Trust. The Trust shall be known as the Unitil Corporation Tax Deferred Savings and Investment Trust. 

  

	1.03	Appointment and Acceptance of Trustee. The Sponsor hereby appoints New York Life Trust Company as Trustee of the Trust and represents that this Trust Agreement constitutes a
legal, valid and binding obligation of the Sponsor. 

  
 The Trustee accepts its appointment as Trustee hereunder. 
  

	1.04	Effectiveness. This Trust Agreement shall become effective as of July 30, 2004. 

  
 ARTICLE II 
  
 FIDUCIARIES 
  

	2.01	 Administrative and Investment Fiduciaries. The Sponsor hereby appoints the Administrative Fiduciary and the Investment Fiduciary set forth on Schedule A. The
Sponsor further agrees that it shall ensure that such Administrative Fiduciary and Investment Fiduciary adhere to their respective responsibilities set forth in this Trust Agreement. “Administrative Fiduciary” refers to the person(s) or
entity which is responsible for the administration and operation of the Plan. Subject to Section 4.04, “Investment Fiduciary” refers to the person(s) or entity responsible for the investment and management of Plan assets. The
Administrative Fiduciary and the Investment Fiduciary may be the same person(s) or entity. If the Administrative and/or Investment Fiduciaries designated on 

  

 1 

	 	 
Schedule A are not then serving, the Sponsor shall be the Administrative Fiduciary or the Investment Fiduciary or both, as the case may be. In no event shall
the Trustee be either the Administrative Fiduciary or the Investment Fiduciary. 

  

	2.02	Identification of Fiduciaries and Designees. The Administrative Fiduciary and the Investment Fiduciary under the Plan shall each be identified to the Trustee by the Sponsor
on Schedule A attached hereto, and specimen signatures of each member thereof shall be provided to the Trustee by the Sponsor in a form acceptable to the Trustee. The Sponsor shall promptly give written notice to the Trustee of a change in the
identity of the Administrative Fiduciary or Investment Fiduciary, or any member thereof, by submitting a revised Schedule A to the Trustee, and until such revised Schedule A is received by the Trustee, the Trustee shall be fully protected in
assuming that the identity on Schedule A of the Administrative Fiduciary or Investment Fiduciary, and the members thereof, is unchanged. Each person authorized in accordance with the Plan to give a direction to the Trustee on behalf of the
Administrative Fiduciary or the Investment Fiduciary shall be identified to the Trustee and such Schedule A shall contain a specimen of the signature of each such authorized person. The Trustee shall be entitled to rely on Schedule A as evidence of
the identity and authority of the persons appointed until a revised Schedule A setting forth the appointment of a successor is received by the Trustee from the Sponsor, the Administrative Fiduciary, or Investment Fiduciary, as the case may be. A
revision to Schedule A hereunder shall not require or constitute a formal amendment of this Trust Agreement. 

  
 ARTICLE III 
  
 TRUST FUND 
  

	3.01	Receipts. The Trustee shall receive in cash or other assets acceptable to the Trustee, subject to any applicable minimum amount established by the Trustee, all contributions
paid or delivered to it which are allocable under the Plan and to the Trust and all transfers paid or delivered under the Plan to the Trust from a predecessor trustee or another trust of a plan qualified under section 401(a) of the Code, provided
that the Trustee shall not be obligated to receive any such contribution or transfer unless prior thereto, as the Trustee may specify, the Trustee has received such reconciliation, allocation, investment or other information concerning, or such
direction, contribution or representation with respect to, the contribution or transfer or the source thereof as the Trustee, in its sole discretion, may require. The Trustee shall have no duty or authority to (a) require any contributions or
transfers to be made under the Plan to the Trustee, (b) compute any amount to be contributed or transferred under the Plan to the Trustee, or (c) determine whether amounts received by the Trustee comply with the Plan. The Trustee shall not be
responsible for any assets until it receives such assets. 

  

	3.02	Trust. The Trust shall consist of all money and other property acceptable to and received by the Trustee pursuant to Section 3.01 hereof, plus any income or gains on
such assets and less any investment loss or expense, benefit or disbursement paid pursuant to this Trust Agreement or the Plan. The Trustee shall hold the Trust, without distinction between principal and income, as a nondiscretionary trustee
pursuant to the terms of this Trust Agreement. The Trustee may use a general disbursement account for distributions from the Trust, without incurring any liability for payment of interest thereon, notwithstanding the Trustee’s receipt of income
or interest in respect of funds held in such disbursement account. 

  

 2 

	3.03	Another Trust. If the Sponsor so elects, and the Trustee consents, the Sponsor may appoint another trustee under the Plan with respect to assets which the Sponsor desires to
contribute or have transferred to the Trustee, but which the Trustee does not choose to accept. The Trustee shall discharge its duties and responsibilities solely with respect to those assets of the Trust delivered into its possession and, except
pursuant to the Employee Retirement Income Security Act of 1974, as amended from time to time (“ERISA”), shall have no duties or responsibilities or obligations with respect to property of the other trust nor any liability for the acts or
omissions of the other trustee. As a condition to the Trustee’s consent to the appointment of another trustee, the Sponsor shall assure that recordkeeping, distribution and reporting procedures are established on a coordinated basis between the
Trustee and the other trustee as the Trustee considers necessary or appropriate with respect to the Trust. 

  
 ARTICLE IV 
  
 INVESTMENTS 
  

	4.01	Investment Management. Subject to Section 4.04 below, the Investment Fiduciary shall manage the investment of the Trust except insofar as (a) a person (an “Investment
Manager”) who meets the requirements of section 3(38) of ERISA has authority to manage Trust assets as referred to in Section 4.02 hereof, or (b) the Plan provides for participant or beneficiary direction of the investment of assets allocable
under the Plan to the accounts of such participants and beneficiaries. Except as may otherwise be required by ERISA and Section 4.04, the Trustee shall invest the Trust as directed by the Investment Fiduciary, an Investment Manager or a Plan
participant or beneficiary, as the case may be. The Investment Fiduciary may permit participants to direct the investment of their accounts under the Plan and to purchase assets selected by such participants through a broker/dealer designated by the
Investment Fiduciary for such purpose (the portion of a participant’s account so invested is hereinafter referred to as a “Self-Directed Brokerage Account”). The Trustee shall have no discretionary control over, nor any other
discretion regarding, the investment or reinvestment of any asset of the Trust. 

  

	4.02	Investment Managers. Notwithstanding any provision of the Plan to the contrary, the Investment Fiduciary may appoint one or more Investment Managers, who may be an affiliate
of the Trustee, provided such appointment does not violate any law or regulation, to direct the Trustee in the investment of all or a specified portion of the assets of the Trust. Any such Investment Manager shall be directed by the Investment
Fiduciary to act in accordance with the procedures referred to in Section 4.08. The Investment Fiduciary shall notify the Trustee in writing before the effectiveness of the appointment or removal of any Investment Manager. 

 
 If there is more than one Investment Manager whose appointment is
effective under the Plan at any one time, the Trustee shall, upon written instructions from the Investment Fiduciary, establish separate funds for control by each such Investment Manager. The funds shall consist of those Trust assets designated by
the Investment Fiduciary. 
  

	4.03	 Participant Direction. Except as otherwise may be set forth herein in connection with Self-Directed Brokerage Accounts, in the event the Plan provides for
participant or beneficiary direction of investment of assets allocable under the Plan to the accounts of such participants and beneficiaries, such information as the Trustee may specify shall be provided by the Sponsor or the Administrative 

  

 3 

	 	 
Fiduciary to the Trustee, and/or such other person(s) as are necessary, for the implementation of the directions in accordance with procedures established by
the Trustee. 

  

	4.04	Selection of Investments. Set forth on Schedule B are those investments, from among the permitted investments listed in Section 6.01 hereof, in which the assets of the Trust
shall be invested. Schedule B may be revised from time to time in writing by the Investment Fiduciary or any duly appointed Investment Manager, as the case may be, and delivered to the Trustee, without formal amendment of this Trust Agreement.

  

	4.05	Funds Awaiting Investment. It is understood that the Trustee may, from time to time, have on hand funds which are awaiting investment, or funds from the sale of Trust assets
which are awaiting reinvestment. In such event, the Trustee shall cause such funds to be held on deposit with the Trustee’s custodian until such funds are used to settle transactions or as may otherwise be contemplated hereunder.
Notwithstanding the foregoing, if by the close of the business day following the day on which the funds are received, the Trustee is unable to identify the plan and trust to which any of such funds are to be credited, the Trustee shall return such
funds to the originating financial or other institution. The interest on the aggregate cash balances the Trustee has on deposit with such custodian shall be paid in accordance with Section 8.01 of this Agreement. 

  

	4.06	Voting, Tendering and Other Rights. Except as otherwise set forth below the Trustee shall vote all proxy and other materials for all investments held by the Trust, other than
“employer securities” (within the meaning of Section 407(d)(l) of ERISA) in accordance with the recommendations made by the applicable common or collective trust’s or mutual fund’s board of trustees, board of directors, or other
governing body. If all or any part of the Trust Fund consists of “employer securities” (within the meaning of Section 407(d)(l) of ERISA), the voting of such securities shall be made in accordance with the provisions of Schedule C of this
Trust Agreement. 

  
 Notwithstanding anything set
forth herein or elsewhere to the contrary, in the event the Plan permits participants to direct the investment of assets through Self-Directed Brokerage Accounts, the Trustee shall not be responsible for distributing or voting any proxy or other
materials for securities held in any Self-Directed Brokerage Accounts maintained under the Plan. The Sponsor acknowledges that it has entered into a separate agreement with the broker/dealer designated by the Investment Fiduciary on Schedule A and
consented to in writing by the Investment Fiduciary (“Broker/Dealer Agreement”) relating to the distribution and voting of any proxy or other materials for securities held in any such Self-Directed Brokerage Accounts. 
  

	4.07	Services Through Affiliated Organizations. The Trustee may enter into agreements with New York Life Insurance Company (“NYLIFE”), NYLIFE Securities Inc.
(“Broker”), NYLIFE Distributors LLC (“Underwriter”), and any of their affiliates and/or subsidiaries, successors and assigns for the provision of services to the Trust. The Trustee is specifically authorized to place securities
orders, settle securities trades, hold securities in custody and perform related activities on behalf of the Trust through or with the Broker. The Broker shall perform such acts for the participants’ accounts only if the Investment Fiduciary
has designated the Broker as the brokerage firm for participants’ accounts under the Plan and the Investment Fiduciary and participants have received disclosure as described below in this Section 4.07. 

  
 Trades and related activities effected through the Broker shall be subject
to fees and commissions established by the Broker, which may be paid from the Trust or netted from the proceeds of trades. 
  

 4 

 No trades shall be executed through the Broker or other services provided unless the Sponsor or
Investment Fiduciary has received disclosure concerning the relationship of NYLIFE, Broker, Underwriter, or their affiliates and/or subsidiaries, as the case may be, to the Trustee, and notice of the fees and commissions that may be paid to NYLIFE,
the Broker, the Underwriter, Trustee and/or their affiliates or subsidiaries in connection with such trades or other services. 
  

	4.08	Investment Directions. Directions for the investment or reinvestment of Trust assets from the Investment Fiduciary, an Investment Manager or a Plan participant or
beneficiary, as the case may be, shall be communicated to, and implemented by, the Trustee, the Trustee’s designee or, with the Trustee’s consent, a broker/dealer designated for the purpose by the Investment Fiduciary. Communication of any
such direction to the Trustee or to such a designee or broker/dealer shall be in a manner acceptable to the Trustee and shall conclusively be deemed an authorization to the Trustee, such designee or broker/dealer to implement the direction. The
Trustee shall have no liability for it or any other person following such directions or failing to act in the absence of any such directions. The Trustee shall have no liability for the acts or omissions of any person directing the investment or
reinvestment of Trust assets or making or failing to make any direction referred to in Section 4.06. Neither shall the Trustee have any duty or obligation to review any such investment or other direction, act or omission or, except upon receipt of a
proper direction, to invest or otherwise manage any asset of the Trust which is subject to the control of any such person or to exercise any voting or other right referred to in Section 4.06. 

  
 In the event the Plan provides for participant and/or beneficiary direction
of the investment of assets allocable under the Plan to the accounts of such participants and/or beneficiaries, and no direction is received with respect to the investment or reinvestment of uninvested Trust assets allocable to such accounts, the
Sponsor hereby directs that such assets shall be invested by the Trustee in the investment specified on Schedule B attached hereto. 
  
 Notwithstanding anything set forth herein or elsewhere to the contrary, in the event the Plan permits participants to direct the investment of assets
through Self-Directed Brokerage Accounts, all investment directions shall be communicated to, and implemented by, the broker/dealer designated by the Investment Fiduciary on Schedule A for such purposes pursuant to the terms of the Broker/Dealer
Agreement; provided, however, that a participant may not direct the broker/dealer to purchase (i) “employer securities” (within the meaning of Section 407(d)(l) of ERISA), if any, or (ii) any other investment prohibited under the terms of
the Broker/Dealer Agreement. 
  
 The Trustee shall have no
fiduciary responsibility under ERISA or any other liability relating to the investment or reinvestment of Trust assets. The Trustee and its affiliates shall not be deemed to provide investment advice for any purposes whatsoever. 
  

	4.09	Custody of Participant Loan Documentation. If participant loans are permitted under the Plan, New York Life Investment Management LLC, or its successor, (“NYLIM”),
an affiliate of the Trustee, shall act as the Trustee’s agent for the purpose of holding all participant loan notes and related documentation and as such shall (a) hold physical custody of and keep safe the notes and other loan documents, (b)
collect and remit all principal and interest payments to the Trustee, (c) advise the Trustee of the date, amount and payee of the checks to be drawn representing loans, and (d) cancel and surrender the notes and other loan documentation when a loan
has been paid in full. 

  

	4.10	 Common and Collective Trust Funds. The Investment Fiduciary may direct the Trustee to invest the assets of the Trust in a common, group or collective trust
established for the investment of the 

  

 5 

	 	 
assets of employee benefit plans qualified under Section 401(a) of the Code, individual retirement accounts under section 408(a) of the Code and plans of
governmental units described in section 818(a)(6) of the Code which may be (but is not required to be) maintained by the Trustee or its affiliates. The documents governing any such group, common or collective trust fund in which Trust assets have
been invested are hereby incorporated into this Trust Agreement by reference as if set forth herein at length. 

  

	4.11	Mutual and Other Investment Funds. The Investment Fiduciary may direct the Trustee to purchase shares of a regulated investment company, or an interest in another pooled
investment fund (individually and collectively referred to hereafter as “Investment Fund”) advised, managed or offered by NYLIFE, Broker, Underwriter or Trustee, or an affiliate or subsidiary of any of them. If any such Investment Fund
held on behalf of the Trust or a participant account is terminated or reorganized, or a new series or class of such Investment Fund is issued, pursuant to the terms set forth in the prospectus, statement of additional information or other documents
governing such Investment Fund, the Trustee shall be authorized to surrender any shares or interests in such Investment Fund, and accept and hold shares or interests of equivalent value issued in connection with such termination, reorganization or
issuance on behalf of the Trust and participant accounts, as applicable. 

  
 Purchases and sales of units of Investment Funds shall be made on the date on which the Trustee has received from the Sponsor or Investment Fiduciary, in good order, all information and documentation necessary to
effect the transactions and is able to effect such transactions. 
  
 In the event the Plan permits participants to direct the investment of assets through Self-Directed Brokerage Accounts, all aspects related to the execution of such directions, including, but not limited to, the date on which such
transactions shall occur, shall be determined under the terms of the Broker/Dealer Agreement. The Trustee shall have no duty to ensure that such transactions occur within the time specified under the terms of the Broker/Dealer Agreement and shall
have no liability for the broker/dealer’s failure to comply with the terms of the Broker/Dealer Agreement. 
  
 ARTICLE V 
  
 DISBURSEMENTS, ADMINISTRATIVE DIRECTIONS AND EXPENSES 
  

	5.01	Disbursements. Disbursements of money or property from the Trust shall be made by the Trustee upon direction from the Administrative Fiduciary or its designee. Disbursements
by the Trustee shall be transmitted to the Administrative Fiduciary or its designee for delivery to the proper payees or to the payees’ addresses supplied by the Administrative Fiduciary or its designee, and the Trustee’s obligation to
make such payments shall be satisfied upon such transmittal. The Trustee shall have no obligation to determine the identity of persons entitled to disbursements under the Plan or their addresses furnished by the Administrative Fiduciary, its
designee or agent in accordance with the terms of this Trust. The Trustee shall not be required to make any disbursement in excess of the liquidated value of the Trust at the time of the disbursement. The Trustee shall not be responsible for the
adequacy of the Trust to meet and discharge any and all disbursements and liabilities under the Plan. 

  

	5.02	 Administrative Fiduciary’s Directions. Directions from or on behalf of the Administrative Fiduciary or its designee shall be communicated to the Trustee
or the Trustee’s designee only in a 

  

 6 

	 	 
manner and in accordance with procedures acceptable to the Trustee. The Trustee’s designee shall be empowered to implement any such directions, provided
they are in accordance with procedures acceptable to the Trustee. The Trustee shall have no liability for following any such directions or failing to act in the absence of any such directions. The Trustee shall have no liability for the acts or
omissions of any person making or failing to make any directions under the Plan or this Trust Agreement nor any duty or obligation to review any such direction, act or omission. 

  

	5.03	Disputed Payments. If a dispute arises over the propriety of the Trustee making any payment from the Trust, the Trustee may withhold the payment until the dispute has been
resolved by a court of competent jurisdiction or settled by the parties to the dispute. The Trustee may consult legal counsel and shall be fully protected in acting upon the advice of counsel. The Sponsor hereby indemnifies the Trustee pursuant to
Section 7.07 of this Trust Agreement for any acts taken or failed to be taken in good faith by the Trustee under this Section 5.03. 

  

	5.04	Taxes. The Trustee is authorized, with or without direction from the Administrative Fiduciary or any other person, to deduct from and charge against the Trust any taxes or
assessments by any lawful taxing or governmental authority, including interest and penalties with respect thereto, which may be imposed upon the Trust or any account or the income thereof, or which the Trustee is required to pay with respect to the
interest of any person therein, under existing or future laws. The Trustee shall have full power to pay any such tax or assessment, in the case of an individual account plan as defined in section 3(34) of ERISA, only out of any money or other
property in the account of the person whose interest is liable therefor, provided that at least fifteen (15) days prior to making such payment the Trustee shall give notice to the Administrative Fiduciary of its intention to make such payment. Until
paid, such taxes shall be a lien against the Trust. The Trustee shall not be personally liable for any such taxes, charges or assessments. 

  

	5.05	Expenses of Administration. Expenses incurred by the Sponsor, Administrative Fiduciary, Investment Fiduciary, any Investment Manager designated pursuant to Section 4.02, or
any other persons designated to act on behalf of the Sponsor, Administrative Fiduciary or Investment Fiduciary, including reimbursement for expenses incurred in the performance of their respective duties shall be paid from the Trust unless paid
directly by the Sponsor. 

  
 ARTICLE VI

  
 POWERS OF TRUSTEE 
  

	6.01	Nondiscretionary Investment Powers. At the direction of the person authorized to direct such action as referred to in Article IV hereof, but limited to those assets or
categories of assets acceptable to the Trustee as referred to in Sections 3.01, the Trustee, or the Trustee’s designee or a broker/dealer as referred to in Section 4.07 and 4.08, is authorized and empowered: 

  

	 	(a)	To invest and reinvest the Trust Fund, together with the income therefrom, in: 

  

	 	(i)	Common stock, preferred stock, convertible preferred stock, bonds, debentures, convertible debentures and bonds, mortgages, notes, commercial paper and other evidences of
indebtedness; 

  

	 	(ii)	Bank investment contracts; 

  

 7 

	 	(iii)	Shares of regulated investment companies, including those advised, managed or offered by the Trustee, or an affiliate of the Trustee; 

  

	 	(iv)	Common, pooled, group or commingled investment funds established for the investment of the assets of employee benefit plans qualified under section 401 of the Code, individual
retirement accounts under section 408(a) of the Code and plans of governmental units described in section 818(a)(6) of the Code which may be (but is not required to be) maintained by the Trustee or its affiliates. The commingling of assets of this
Trust with assets of other qualified trusts in such funds is hereby specifically authorized; provided, however, the declaration of trust establishing any such fund, as amended from time to time, will be a part of this Trust Agreement;

  

	 	(v)	Options to buy or sell securities or other assets, provided same are within regulated investment companies or common, pooled, group or commingled investment funds;

  

	 	(vi)	Notes evidencing loans to participants in accordance with the terms of the Plan; 

  

	 	(vii)	Equity securities issued by the Sponsor or an affiliate which are “qualifying employer securities” within the meaning of Section 407(d)(5) of ERISA, as amended;

  

	 	(viii)	Stable value investments, whether or not issued by an affiliate of the Trustee, including, without limitation, separate account contracts, guaranteed investment contracts
(“GICs”), and synthetic guaranteed investment contracts; 

  

	 	(ix)	Guaranteed investment and annuity contracts heretofore entered into by the predecessor trustee and specifically identified on Schedule D attached hereto (“Existing GICs”)
provided, however, that the Investment Fiduciary hereby directs the Trustee to continue to hold such Existing GICs until the Investment Fiduciary directs otherwise, it being expressly understood that such direction is given in accordance with
Section 403(a) of ERISA; and 

  

	 	(x)	Other marketable securities traded on a national securities exchange which are acceptable to the Trustee. 

  

	 	(b)	To sell, exchange, convey, transfer, or otherwise dispose of any property held in the Trust, by private contract or at public auction. No person dealing with the Trustee shall be
bound to see to the application of the purchase money or other property delivered to the Trustee or to inquire into the validity, expediency, or propriety of any such sale or other disposition. 

  

	 	(c)	To cause any securities or other property held as part of the Trust to be registered in the Trustee’s own name, in the name of one or more of its nominees or to be held in
bearer form, but the books and records of the Trustee shall at all times show that all such investments are part of the Trust. 

  

	 	(d)	To keep that portion of the Trust in cash or cash balances as the Investment Fiduciary may, from time to time, deem to be in the best interest of the Trust.

  

	 	(e)	To make, execute, acknowledge, and deliver any and all documents of transfer or conveyance and to carry out the powers herein granted. 

  

 8 

	 	(f)	To consent to or participate in any plans for the reorganization, recapitalization, consolidation or merger, or sale or lease of assets of any corporation, any security of which is
held in the Trust, and to pay any and all costs and assessments imposed upon the owners of such securities as a condition of their participation therein, and to consent to any contract, lease, mortgage, purchase or sale of property, by or between
such corporation and any other corporation or person. 

  

	 	(g)	To grant options to purchase any property. 

  

	 	(h)	To foreclose any obligation by judicial proceedings or otherwise. 

  

	 	(i)	To disclose any information concerning the existence, condition, management and administration of the assets of the Trust as may be required by law or as may be necessary to prepare
any reports required by law. 

  

	 	(j)	To lend, through a common, collective, or Investment Fund, any securities held in such fund to brokers, dealers or other borrowers and to permit the loaned securities to be
transferred into the name and custody and be voted by the borrower or others. 

  

	 	(k)	To retain any assets in the Trust for such period of time as the Trustee deems appropriate. 

  

	 	(l)	To exercise or dispose of any conversion privilege or subscription right which the Trustee may have as a holder of any security or otherwise. 

  

	 	(m)	To deposit any security in any voting trust or under any pooling agreement or with any protective or reorganization committee, or with depositories designated by such trust,
agreement or committee, and to delegate such power and authority with relation thereto as the Trustee may deem proper, and to agree to pay and to pay out of the Trust assets such portion of the expenses and compensation of such trust, agreement or
committee as the Trustee may deem proper. 

  

	 	(n)	To execute and deliver any general or specific proxies or powers of attorney, with or without power of substitution, to such person or persons as the Trustee may deem proper,
granting to such persons such power and authority with relation to any property or securities at any time held by the Trust as the Trustee may deem proper. 

  

	 	(o)	To borrow money from any source other than a “party in interest” (as such term is defined by Section 3(14) of ERISA) with or without giving security, and to encumber the
Trust assets by mortgage, deed of trust, pledge or otherwise. 

  

	 	(p)	To renew or extend the time of payments of any obligation due or becoming due. 

  

	 	(q)	To settle, compromise, or submit to arbitration any claims, debts, or damages due to or arising from the Trust; to commence or defend suits or legal or administrative proceedings;
to represent the Trust in all suits and legal and administrative hearings; and to pay all reasonable expenses arising from any such action, from the Trust if not paid by the Sponsor. 

  

 9 

	 	(r)	To employ legal, accounting, clerical, and other assistance as may be required in carrying out the provisions of this Trust Agreement and to pay their reasonable expenses and
compensation from the Trust if not paid by the Sponsor. 

  

	 	(s)	To do all other acts although not specifically mentioned herein, as the Trustee may deem necessary to carry out any of the foregoing powers and the purposes of this Trust Agreement.

  

	6.02	Standard of Care. The Trustee shall discharge its duties hereunder with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man
acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. As a directed trustee, the Trustee assumes no responsibility and shall not be liable for any losses sustained by
the Trust by reason of the purchase, retention, sale or exchange of any investment in accordance with the provisions of this Trust Agreement and in accordance with ERISA and the regulations promulgated thereunder. 

  

	6.03	Location and Indicia of Ownership. Except as permitted by ERISA, the Trustee shall not maintain the indicia of ownership of any assets of the Trust outside the jurisdiction
of the district courts of the United States. 

  

	6.04	Preservation of Liquidity Ratio for Stock Fund. Any direction to invest assets of the Trust in a stock fund of the Sponsor, or affiliate of the Sponsor, shall be subject to
maintaining a liquidity ratio (as defined below) for such stock fund. To the extent a transaction shall cause the liquidity ratio to fall below the designated percentage, the Trustee is authorized and directed to sell sufficient shares of the stock
fund to restore the liquidity ratio, and shall have no authority or responsibility to follow the investment directions of a Plan participant or beneficiary, the Administrative Fiduciary, the Investment Fiduciary or an Investment Manager, as the case
may be, until such time as the liquidity ratio can be restored. 

  
 For purposes of this Section 6.04, the term “liquidity ratio” means the ratio of short-term cash investments to the total value of the stock fund, which ratio shall be agreed to by the Investment Fiduciary
and the Trustee. The liquidity ratio shall be rebalanced periodically by the Trustee or its agent, but in no event less often than quarterly. The purpose of the liquidity ratio is to provide the Trustee with sufficient liquidity in combination with
the sale of shares of the stock fund to satisfy intra-fund transfers, Plan loans (if any) and Plan distributions. The Investment Fiduciary, with the consent of the Trustee, may change the liquidity ratio from time to time. 
  
 ARTICLE VII 
  
 RESPONSIBILITIES, AGENTS, INDEMNIFICATION AND BONDING 
  

	7.01	Relationship of Fiduciaries. Each fiduciary of the Plan and this Trust shall be solely responsible for its own acts or omissions. The Trustee shall have no duty to
question any Plan fiduciary’s performance of fiduciary duties allocated to such fiduciary pursuant to the Plan or this Trust Agreement. The Trustee shall not be responsible for a breach of responsibility by any Plan fiduciary except as provided
for in ERISA. 

  

	7.02	 Benefit of Participants. Each fiduciary, within the meaning of the Code and ERISA, shall discharge its duties with respect to the Trust solely in the
interest of participants in the Plan and their 

  

 10 

	 	 
beneficiaries and for the exclusive purpose of providing benefits to such participants and beneficiaries and defraying reasonable expenses of administering
the Plan. 

  

	7.03	Agents of Administrative Fiduciary and Investment Fiduciary. The Sponsor hereby designates New York Life Investment Management LLC, or its successor, (“NYLIM”), by
its authorized individuals, as the party who may provide the Trustee with directions from the Administrative Fiduciary and Investment Fiduciary upon which the Trustee shall be fully protected in relying to the extent consistent with this Trust
Agreement. The signature of each authorized NYLIM individual shall be provided and certified to the Trustee by NYLIM. 

  

	7.04	Agents of Trustee. The Sponsor, Administrative Fiduciary and Investment Fiduciary acknowledge and authorize the Trustee to use and employ agents, including its affiliates, in
the performance of its responsibilities under this Agreement. The expenses and compensation for the services of any such agent as specified in Schedule E attached hereto, shall be paid from the Trust unless paid directly by the Sponsor as set forth
in Section 8.01 of this Trust Agreement. 

  

	7.05	Protection of Designees. To the extent that any designee of the Trustee is performing a function of the Trustee under this Trust Agreement, the designee shall have the
benefit of all of the applicable limitations on the scope of the Trustee’s duties and liabilities, all applicable rights of indemnification granted hereunder to the Trustee and all other applicable protections of any nature afforded to the
Trustee provided the designation is pursuant to this Trust Agreement and consistent with the requirements of ERISA. 

  

	7.06	Bond. The Trustee hereby warrants that it complies with the bonding provisions of Section 412 of ERISA. 

  

	7.07	Indemnification. The Sponsor hereby indemnifies the Trustee against, and shall hold the Trustee harmless from, any and all loss, claim, liability, and expense, including
reasonable attorneys fees, imposed upon the Trustee or incurred by the Trustee as a result of any acts taken, or any failure to act, in accordance with directions from the Administrative Fiduciary, Investment Fiduciary, Investment Manager or any
other person specified in Article IV or V hereof, or any designee of any such person, or by reason of the Trustee’s good faith execution of its duties with respect to the Trust, including, but not limited to, its holding of assets of the Trust
as provided for in Section 3.02, the Sponsor’s obligations in die foregoing regard to be satisfied promptly on request by the Trustee, provided that in the event that the loss, claim, liability or expense involved is determined by a no longer
appealable final judgment entered in a lawsuit or proceeding to have resulted from the gross negligence or willful misconduct of the Trustee, the Trustee shall promptly thereafter return to the Sponsor any amount previously received by the Trustee
under this Section with respect to such loss, claim, liability or expense. 

  

	7.08	 Trustee’s Reliance. The Trustee shall have no duty to inquire whether directions by the Sponsor, the Administrative Fiduciary, the Investment Fiduciary
or any other person conform to the Plan, and the Trustee shall be fully protected in relying on such directions communicated in accordance with procedures acceptable to the Trustee from any person who the Trustee reasonably believes is a proper
person to give the directions. The Trustee shall have no liability to any participant, any beneficiary or any other person for payments made, any failure to make payments, or any discontinuance of payments, on direction of the Administrative
Fiduciary, the Investment Fiduciary or any designee of either of them, or for any failure to make payments in the absence of directions from the Administrative Fiduciary or any person responsible for or purporting to be responsible for directing the
investment of Trust assets. The Trustee shall have no obligation to request proper 

  

 11 

	 	 
directions from any person. The Trustee may request instructions from the Administrative Fiduciary or the Investment Fiduciary and shall have no duty to act
or liability for failure to act if such instructions are not forthcoming. 

  

	7.09	Survival of Provisions. The provisions of this Article VII shall survive the termination of this Trust Agreement. 

  
 ARTICLE VIII 
  
 PAYMENTS TO TRUSTEE AND AGENTS 
  

	8.01	Payments to the Trustee. The Sponsor understands and acknowledges that the Trustee’s fees would be higher if the Trustee did not earn income and/or interest on funds
awaiting investment or reinvestment in accordance with Section 4.05, or pending distribution from the Trust in accordance with Section 3.02. Except as otherwise provided by ERISA, regulations promulgated thereunder, and interpretations by the
Department of Labor, the Sponsor hereby authorizes the Trustee to retain, as compensation hereunder, the Trust’s pro rata portion of any such income or interest and such additional amount as is set forth on Schedule E attached hereto, as
amended from time to time in writing. In addition, the Trustee shall be entitled to reimbursement for all reasonable expenses incurred by it in the performance of its duties hereunder, including reasonable fees for legal services rendered to the
Trustee (whether in connection with any litigation or otherwise), and all other proper charges and disbursements. 

  

	8.02	Expenses and Compensation. The Trustee shall not be obligated to transfer Trust assets until the Trustee is provided assurance by the Sponsor satisfactory to the Trustee that
all fees and expenses reasonably anticipated will be paid. 

  
 ARTICLE IX 
  
 RECORDS, ACCOUNTINGS AND
VALUATIONS 
  

	9.01	Records. The Trustee shall maintain or cause to be maintained records generated by the Trustee and accounts of all Trust transactions and assets. The records and accounts of
all Trust transactions and assets shall be available at reasonable times during normal business hours for inspection or audit by the Administrative Fiduciary and the Investment Fiduciary or any person designated for the purpose by either of them.

  

	9.02	Accountings. The Trustee shall, not less than quarterly, and within 90 days following the close of each fiscal year of the Plan or the effective date of the removal or
resignation of the Trustee, file with the Administrative Fiduciary a written accounting setting forth all transactions since the end of the period covered by the last previous accounting. The accounting shall include a listing of the assets of the
Trust showing the value of such assets at the close of the period covered by the accounting. On direction of the Administrative Fiduciary, and if previously agreed to by the Trustee in writing, the Trustee shall submit to the Administrative
Fiduciary interim valuations, reports or other information pertaining to the Trust. 

  

 12 

 The Administrative Fiduciary may approve the accounting by written approval delivered to the Trustee or
by failure to deliver written objections to the Trustee within 60 days after receipt of the accounting. Any such approval shall be binding on the Sponsor, the Administrative Fiduciary, the Investment Fiduciary and, to the extent permitted by ERISA,
all other persons. 
  

	9.03	Valuation. The assets of the Trust shall be valued as of each valuation date as specified under the Plan at fair market value as determined by the Trustee based upon such
sources of information as it may deem reliable. The reasonable costs incurred in establishing values of the Trust shall be a charge against the Trust, unless paid by the Sponsor pursuant to Section 8.01 hereof. 

  
 Except as otherwise provided by ERISA and regulations promulgated
thereunder, the Trustee, may, when unable to arrive at a value based upon information from independent sources, rely upon information from the Sponsor, Administrative Fiduciary, Investment Fiduciary, appraisers, or other sources, and shall not incur
any liability for inaccurate valuation based in good faith upon such information. 
  
 ARTICLE X 
  
 AMENDMENT
AND TERMINATION OF TRUST 
  

	10.01 	Amendment. This Trust Agreement may be amended by agreement between the Trustee and the Sponsor, provided that no amendment of this Trust Agreement or the Plan shall be
effective which would (a) cause any assets of the Trust to be used for, or diverted to, purposes other than the exclusive benefit of Plan participants or their beneficiaries other than an amendment permissible under the Code and ERISA, or (b) affect
the rights, duties, responsibilities, obligations or liabilities of the Trustee without the Trustee’s written consent. The Sponsor shall amend this Trust Agreement as requested by the Trustee to reflect changes in law which counsel for the
Trustee advises the Trustee require such changes. Any proposed amendment under consideration by the Sponsor shall be communicated to the Trustee in writing to permit the Trustee to review and comment thereon in due course before the Sponsor acts on
the proposed amendment. Final amendments to the Trust Agreement or a certified copy thereof shall be delivered to the Trustee promptly after adoption by the Sponsor. 

  
 NYLIM is authorized to act as the Trustee’s agent for the purpose of holding an original executed copy of the Plan and
all amendments of the Plan. The Sponsor, prior to the execution of this Trust Agreement by both parties, has delivered to NYLIM the text of the Plan and all amendments of the Plan as in effect as of the date of this Trust Agreement. The Sponsor
shall deliver to NYLIM promptly after adoption thereof a certified copy of each other amendment of the Plan. 
  

	10.02 	Termination. The Trust may be terminated by the Sponsor upon at least 60 days written notice to the Trustee. Upon such termination, and subject to Section 12.01 hereof, the
Trust shall be distributed as directed by the Administrative Fiduciary. 

  

 13 

 ARTICLE XI 
  

RESIGNATION AND REMOVAL OF TRUSTEE 
  

	11.01 	Resignation. The Trustee may resign at any time upon at least 60 days written notice to the Sponsor, unless the parties agree to a shorter period. 

 

	11.02 	Removal. The Sponsor may remove the Trustee upon at least 60 days written notice to the Trustee, unless the parties agree to a shorter period. 

  

	11.03 	Appointment of a Successor. Upon resignation or removal of the Trustee, the Sponsor shall appoint a successor trustee. Upon failure of the Sponsor to appoint, or the failure
of the effectiveness of the appointment by the Sponsor of, a successor trustee by the effective date of the resignation or removal, the Trustee may apply to any court of competent jurisdiction for the appointment of a successor.

  
 Promptly after receipt by the Trustee of notice
of the effectiveness of the appointment of the successor trustee, the Trustee shall deliver to the successor trustee such records as may be reasonably requested to enable the successor trustee to properly administer the Trust and all property of the
Trust after deducting therefrom such amounts as the Trustee deems necessary to provide for expenses, taxes, compensation or other amounts due to or by the Trustee pursuant to the provisions of this Trust Agreement not paid by the Sponsor prior to
the delivery, provided such expenses, taxes, compensation or other amounts are reasonable and such deduction is consistent with the requirements of ERISA. 
  

	11.04 	Settlement of Account. Upon resignation or removal of the Trustee, the Trustee shall have the right to a settlement of its account, which settlement shall be made by a
settlement agreement between the Trustee and the Sponsor or, if no settlement is reached within 60 days, by a judicial settlement in an action instituted by the Trustee. The Sponsor shall bear their costs of any such judicial settlement. The parties
shall bear the fees of their own attorneys. 

  

	11.05 	Termination of Responsibility and Liability. Upon settlement of the account and transfer of the Trust to the successor trustee, all rights and privileges under this Trust
Agreement shall vest in the successor trustee and all responsibility and liability of the Trustee with respect to the Trust and assets thereof shall, except as otherwise required by ERISA, terminate subject only to the requirement that the Trustee
execute all necessary documents to transfer the Trust assets to the successor trustee. 

  
 ARTICLE XII 
  
 MISCELLANEOUS 
  

	12.01 	Exclusive Benefit Rule. Except as otherwise provided in this Trust Agreement or permitted or required by ERISA or the Code, no asset of this Trust shall be used for, or
diverted to, purposes other than the exclusive benefit of Plan participants or their beneficiaries or for the reasonable expenses of administering the Plan and Trust until all liabilities for benefits due Plan participants or their beneficiaries
have been satisfied. 

  

 14 

 Notwithstanding the foregoing, the Trustee shall, upon the written direction of the Administrative
Fiduciary which shall include a certification that such action is proper under the Plan, ERISA and the Code specifying any relevant sections thereof, return to the Sponsor any amount referred to in section 403(c)(2) of ERISA or excess sums
contributed to the Trust as a result of a mistake of fact. 
  

	12.02 	Conflict with Plan. The rights, duties, responsibilities, obligations and liabilities of the Trustee are as set forth in this Trust Agreement, and no provision of the Plan or
any other document shall be deemed to affect such rights, duties, responsibilities, obligations and liabilities. If there is a conflict between provisions of the Plan and this Trust Agreement with respect to any subject involving the Trustee,
including but not limited to the responsibility, authority or powers of the Trustee, the provisions of this Trust Agreement shall be controlling. 

  

	12.03 	Failure to Maintain Qualification. If the Plan fails to qualify as a qualified plan under section 401(a) of the Code, or loses its status as such a qualified plan, the
Sponsor shall immediately so notify the Trustee, and the Trustee shall, without further notice or direction, remove the Trust assets from any common or collective trust fund for investments by qualified trusts. Absent receipt by the Trustee of a
direction from the proper person(s) for the investment of such removed assets, the Trustee shall cause such removed assets to be invested in accordance with Section 4.05. 

  

	12.04 	Appointment of a Successor. Any action to be taken under this Trust Agreement by a Sponsor or other person which is: (a) a corporation shall be taken by the board of
directors of the corporation or any person or persons duly empowered by the board of directors to take the action involved, (b) a partnership shall be taken by an authorized general partner of the partnership, (c) a sole proprietorship by the sole
proprietor, and (d) a committee shall be taken (i) at a meeting at which a quorum is present by the vote or concurrence of a majority of the members present or (ii) without a meeting by unanimous written consent of the members.

  

	12.05 	Restriction on Alienation. Except as provided in Section 12.06 hereof, under section 401(a)(13) of the Code or other provision of ERISA, the interest of any
Plan participant or beneficiary in the Trust shall not be subject to the claims of such person’s creditors and may not be assigned, sold, transferred, alienated or encumbered. Any attempt to do so shall be void; and the Trustee shall disregard
any attempt. Trust assets shall not in any manner be liable for or subject to debts, contracts, liabilities, engagement or torts of any Plan participant or beneficiary, and benefits shall not be considered an asset of any such a person in the event
of the person’s insolvency or bankruptcy. 

  

	12.06 	Payment on Court Order. The Trustee is authorized to make any payments directed by court order in any action in which the Trustee is a party or pursuant to a domestic
relations order that has been determined by the administrator of the Plan to constitute a “qualified domestic relations order” under section 4l4(p) of the Code; provided that the Trustee shall not make such payment if the Trustee is
indemnified and held harmless by the Sponsor in a manner satisfactory to the Trustee against all consequences of such failure to pay. The Trustee is not obligated to defend actions in which the Trustee is named but shall notify the Sponsor or
Administrative Fiduciary of any such action and may tender defense of the action to the Sponsor, Administrative Fiduciary or the participant or beneficiary whose interest is affected. The Trustee may in its discretion defend any action in which the
Trustee is named and any expenses, including reasonable attorneys fees, incurred by the Trustee in that connection shall be paid or reimbursed in accordance with Section 8.01 hereof. 

  

	12.07 	Arbitration. The Sponsor hereby agrees that all controversies or claims that may arise between the Sponsor and the Trustee and its affiliates in connection with the Trust
shall be settled by arbitration. 

  

 15 

 The Sponsor further agrees that the arbitration shall be held in the State, City and County of New York
and administered by the American Arbitration Association under its Commercial Arbitration Rules, applying New York law. 
  
 The arbitration shall be submitted to a panel (the “Panel”) consisting of one arbitrator appointed by the claimant(s), one arbitrator appointed
by the respondent(s) and a third arbitrator (the “neutral arbitrator”) chosen by the party-appointed arbitrators. The Panel shall be impartial and disinterested. The arbitrators shall be persons who are experienced and knowledgeable in
securities and trust or pension law and shall be attorneys duly licensed to practice law in one or more states. 
  
 The Panel shall not have the authority to grant any remedy which contravenes or changes any term of this Trust Agreement and shall not have the authority
to award punitive, exemplary or extracontractual damages under any circumstances. Each party shall bear the expense of the arbitrator selected by it and shall jointly and equally bear the expenses of the neutral arbitrator and of any stenographer
present at the arbitration. The remaining costs of the arbitration shall be finally allocated by the Panel, except that the Panel shall not have the power to award attorney’s fees. 
  
 The Panel shall render its decision within 30 days after termination of the arbitration proceeding, which decision shall be
in writing, stating the reasons therefor and including a brief description of each element of any damages awarded. The decision of the majority shall be final and binding. Judgment on the award rendered by the arbitrators may be entered in any court
having jurisdiction thereof. 
  
 The Sponsor and the Trustee
understand, agree and intend that in no event (i) will any of the rights of any participant or any beneficiary of any participant be subject to arbitration pursuant to the arbitration provisions of this Section 12.07, nor (ii) will any provisions of
this Section 12.07 be applied to or be interpreted to limit any right of any participant or any beneficiary of any participant to pursue any remedy or take any other action in connection with this Trust Agreement in any court or with any regulatory
body having jurisdiction over the relevant matter. 
  

	12.08 	Governing Law and Construction. This Trust Agreement and the Trust shall by construed, administered and governed under ERISA and other pertinent federal law, and to the
extent that federal law is inapplicable, under the laws of the State of New York. If any provision of this Trust Agreement is susceptible to more than one interpretation, the interpretation to be given is that which is consistent with the Trust
being a qualified trust under section 401(a) of the Code. If any provision of this Trust Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions shall continue to be fully effective to the
extent possible under the circumstances. 

  

	12.09 	Successors and Assigns. This Trust Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns.

  

	12.10 	Gender. As used in this Trust Agreement, the masculine gender shall include the feminine and the neuter genders and the singular shall include the plural and the plural the
singular as the context requires. 

  

	12.11 	Headings. Headings and subheadings in this Trust Agreement are for convenience of reference only and are not to be considered in the construction of the provisions of the
Trust Agreement. 

  

 16 

	12.12 	Counterparts. This Trust Agreement may be executed in several counterparts, each of which shall be deemed an original, and these counterparts shall constitute one and the
same instrument which may be sufficiently evidenced by any one counterpart. 

  

	12.13 	Special, Indirect or Consequential Damages. No party to this Trust Agreement shall be liable to any other party for special, indirect or consequential damages under any
provision of this Trust Agreement or for any special, indirect or consequential damages arising out of any act or failure to act hereunder. 

  

	12.14 	Amendment, Modification or Waiver. This Trust Agreement may be amended or modified at any time and from time to time, and any term or condition of this Trust Agreement may be
amended, modified or waived only by a written agreement executed by an authorized representative of each party. Any waiver by either party of any requirement hereunder shall not be deemed to be a continuing waiver nor waiver of any other term or
condition of this Trust Agreement. 

  

  
 IN WITNESS WHEREOF, the Sponsor and the Trustee have executed this Trust Agreement each by action of a duly authorized person.

  

					
	UNITIL SERVICE CORP.
		
	By:	 	/s/ Mark H. Collin
	 	 	 Title:
	 	 President

  

			
	 NEW YORK LIFE TRUST COMPANY
 NEW
YORK, NY

		
	By:	 	/s/ William Perret V.P.
	 	 	 Authorized Trust Officer
 New York Life Trust Company
 as of 7-15-04

  

 17 

 SCHEDULE A 
  

ADMINISTRATIVE AND INVESTMENT FIDUCIARIES AND AGENTS 
  
 In accordance with Sections 2.02 and 7.03 of the Trust Agreement, the following persons are hereby designated to act singly and/or jointly, on behalf of the Plan:

  

									
	ADMINISTRATIVE FIDUCIARY:	 	 	 	 	 	 
					
	Name:	 	 Donna J. Turban
	 	 	 	 Signature:
	 	 /s/ Donna J. Turban

					
	Name:	 	 George E. Long, Jr.
	 	 	 	 Signature:
	 	 /s/ George E. Long, Jr.

					
	Name:	 	 Mark H. Collin
	 	 	 	 Signature:
	 	 /s/ Mark H. Collin

					
	Name:	 	 Thomas P. Meissner, Jr.
	 	 	 	 Signature:
	 	 /s/ Thomas P. Meissner, Jr.

  
 AGENT OF ADMINISTRATIVE FIDUCIARY:

  
 NYLIM, by its authorized individuals, signatures of such individuals
being on file with New York Life Trust Company. 
  

									
	INVESTMENT FIDUCIARY:	 	 	 	 	 	 
					
	Name:	 	 George E. Long, Jr.
	 	 	 	 Signature:
	 	 /s/ George E. Long, Jr.

					
	Name:	 	 Mark H. Collin
	 	 	 	 Signature:
	 	 /s/ Mark H. Collin

					
	Name:	 	 Thomas P. Meissner, Jr.
	 	 	 	 Signature:
	 	 /s/ Thomas P. Meissner, Jr.

  
 INVESTMENT MANAGER(S): N/A

 BROKER:      N/A 
 OTHER:         N/A 
  

					
	Effective as of July 30, 2004	  	1	  	 

 SCHEDULE B 
  

SELECTION OF INVESTMENTS, INCLUDING INVESTMENT FOR FUNDS 
 AWAITING INVESTMENT AND DEFAULT INVESTMENT 
  
 In accordance with Section 4.04 of the Trust Agreement, the Investment Fiduciary hereby directs that the assets of the Trust shall be invested in the following investments*: 
  

	 	•	Stable Value Option** 

  

	 	•	MainStay High Yield Corporate Bond Fund (Class A) 

  

	 	•	PIMCO Real Return Fund (Class A) 

  

	 	•	PIMCO Total Return Fund (Class A) 

  

	 	•	Barclays Global Investors LifePath Retirement Fund (Class I) 

  

	 	•	Barclays Global Investors LifePath 2010 Fund (Class I) 

  

	 	•	Barclays Global Investors LifePath 2020 Fund (Class I) 

  

	 	•	Barclays Global Investors LifePath 2030 Fund (Class I) 

  

	 	•	Barclays Global Investors LifePath 2040 Fund (Class I) 

  

	 	•	American Funds – American Balanced Fund (Class A) 

  

	 	•	MainStay S&P 500 Index Fund (Class A) 

  

	 	•	Van Kampen Growth and Income Fund (Class A) 

  

	 	•	American Funds – The Growth Fund of America (Class A) 

  

	 	•	Davis New York Venture Fund (Class A) 

  

	 	•	Franklin Small-Mid Cap Growth Fund (Class A) 

  

	 	•	JP Morgan Mid Cap Value Fund (Class A Shares) 

  

	 	•	Royce Low Priced Stock Fund (Investment Class) 

  

	 	•	Sentinel Small Company Fund (Class A) 

  

	 	•	TCW Galileo Value Opportunities Fund (Class N) 

  

	 	•	Fidelity Advisor Diversified International Fund (Class T) 

  

	 	•	Unitil Corp. Common Stock Fund 

  

	*	The direction by the Investment Fiduciary to direct the assets of the Trust in the above-enumerated funds shall continue to apply notwithstanding any subsequent changes to names of
such funds. 

  

	**	The Option is invested in the New York Life Insurance Company Anchor Account I and, from time to time, cash and cash equivalents. 

  
 In accordance with Section 4.08 of the Trust Agreement, absent receipt by the Trustee of a
direction from the proper person(s) for the investment or reinvestment of Trust assets, the Trustee shall cause such assets to be invested in the Stable Value Option. 
  

					
	Effective as of July 30, 2004	 	2	 	 

 SCHEDULE C 
  

VOTING OF EMPLOYER SECURITIES 
  
 If all or any part of the Trust Fund consists of “employer securities” (within the meaning of Section 407(d)(1) of ERISA), the Trustee shall pass-through voting
on proxy and other matters pertaining to such employer securities allocated to Plan participants’ accounts (“Allocated Shares”) to the respective Plan participants for their direction to the Trustee as to the voting of such shares
unless otherwise provided below. All proxy and other materials bearing on the decision shall be promptly forwarded by the Trustee to such Plan participants unless otherwise provided below. 
  
 The Trustee shall vote Allocated Shares for which it has not received direction and any
shares that have not been allocated to Plan participants’ accounts in the same percentage as Plan participants’ directed Allocated Shares are voted, unless otherwise provided below. Except as required under ERISA, the Trustee shall follow
all directions set forth in this Schedule C and shall have no duty to exercise voting or other rights relating to any such security. 
  

	
	 _________________________________________________________________________________________________

	
	 _________________________________________________________________________________________________

	
	 _________________________________________________________________________________________________

	
	 _________________________________________________________________________________________________

	
	 _________________________________________________________________________________________________

	
	 _________________________________________________________________________________________________

	
	 _________________________________________________________________________________________________

  

					
	Effective as of July 30, 2004	  	3	  	 

 SCHEDULE D 
  

EXISTING GICs/GACs 
  
 In accordance with Section 6.01 (a) of the Trust Agreement, the Trustee is hereby directed to continue to hold the following guaranteed insurance contracts and/or
guaranteed annuity contracts until such time as the Trustee is directed otherwise by the person(s) authorized to direct such action under Article IV of the Trust Agreement: N/A 
  

					
	Effective as of July 30, 2004	  	4	  	 

 SCHEDULE E 
  

TRUSTEE’S FEES 
  
 The Trustee shall retain as compensation for services rendered to the Plan the Trust’s proportionate share of any interest earned on aggregate cash balances the
Trustee has on deposit with State Street Bank or any successor custodian with respect to (i) funds awaiting investment or (ii) funds pending distribution from the Trust in accordance with the provisions of the Trust Agreement. Such interest retained
by the Trustee shall generally be at money market rates. 
  
 With respect to funds
awaiting investment: (i) where such funds are received by the Trustee on a day on which the New York Stock Exchange is open (“Business Day”) and before the close of the New York Stock Exchange on that day, such interest shall be earned by
the Trustee through the end of the following Business Day; (ii) where such funds are received on a Business Day but after the close of the New York Stock Exchange on such day, or on a day which is not a Business Day, such interest shall be earned
through the end of the second following Business Day. 
  
 When the Trustee
processes an authorized distribution request from the Plan, funds will be transferred to a disbursement account maintained with State Street Bank or any successor custodian the following business day. The distribution check will be written and
mailed on the date such funds are transferred to such disbursement account. Interest will be earned by the Trustee beginning on the date such funds are transferred to the distribution account and ending on the date the check is presented for
payment, the timing of which is beyond the control of the Trustee. Upon request, the Sponsor may receive from the Trustee a report to determine the status of outstanding distribution checks, and the extent to which such checks tend to remain
outstanding. 
  
 Trustees Fees: Included in NYLIM’s Fees, plus the interest
retained in connection with funds awaiting investment and funds pending distribution, as described above. 
  

					
	Effective as of July 30, 2004	  	5

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