Document:

EXHIBIT 10.31

                            STOCK PURCHASE AGREEMENT

     THIS STOCK PURCHASE AGREEMENT (the "Agreement") is made and entered into as
of  the  18th  day of January, 2000, by and among, (i) Carnival  Corporation,  a
Panamanian  corporation ("CCL"), and (ii) Sherwood M. Weiser ("Weiser"),  Donald
E.  Lefton  ("Lefton"), Thomas F. Hewitt ("Hewitt"), Peter L. Sibley ("Sibley"),
W.  Peter Temling ("Temling") and Robert B. Sturges ("Sturges") (Weiser, Lefton,
Hewitt,  Sibley,  Temling  and Sturges are sometimes  collectively  referred  to
herein as the "Buyers" and individually as a "Buyer").

                                    Recitals

    A.  CCL  currently owns 2,490,000 shares (the "Purchased Shares") of  common
stock, $.005 par value per share (the "CRC Common Stock"), of CRC Holdings, Inc.
("CRC").

    B. Subject to approval by the Louisiana Gaming Control Board, CCL desires to
sell to Buyers, and Buyers desire to purchase from CCL, the Purchased Shares.

                                    Agreement

      NOW,  THEREFORE,  in  consideration of the  premises  and  of  the  mutual
covenants contained herein, the parties agree as follows:

                     ARTICLE I - SALE AND PURCHASE OF SHARES

     1.1 Sale and Purchase of Shares.

    (a) On the terms and subject to the conditions of this Agreement, CCL hereby
sells,  conveys,  assigns, transfers and delivers to Buyers, and  Buyers  hereby
purchase  from  CCL,  the Purchased Shares for an aggregate  purchase  price  of
$12,285,564, as follows:
<TABLE>
<CAPTION>
                                    Number of
            Buyer                Purchased Shares             Purchase Price
            <S>                        <C>                     <C>
             Weiser                     803,785                 3,965,780
             Lefton                     803,785                 3,965,780
             Hewitt                     298,001                 1,470,582
             Sibley                     298,001                 1,470,582
             Sturges                    125,290                   617,964
             Temling                    161,138                   794,876
                                      2,490,000               $12,285,564
</TABLE>
    (b)  To  effect the transfers contemplated by Section 1.1(a), CCL is  hereby
causing  to  be delivered to each Buyer, against payment therefor in  accordance
with Section 1.2 hereof, stock certificates representing the number of Purchased
Shares  set  forth  opposite  such Buyer's name  under  the  column  "Number  of
Purchased Shares" in Section 1.1(a).

     1.2 Purchase Price; Payment for Shares; Notice.

    (a) The aggregate purchase price of  $12,285,564 (the "Purchase Price")  for
the  shares of Common Stock being purchased by Buyers hereunder is hereby  being
paid by each Buyer's delivery to CCL of (a) such Buyer's promissory note in  the
aggregate  principal amount equal to the amount set forth opposite such  Buyer's
name  under the column "Purchase Price" in Section 1.1(a), such note in the form
attached  hereto as Exhibit A (each a "Note" and collectively, the "Notes")  and
(b)  a  security and pledge agreement in the form attached hereto as  Exhibit  B
(each a "Security Agreement").

    (b)  As the Notes provide for possible acceleration of the maturity date  of
such  Notes  in  the event that Weiser or Lefton sell any shares of  CRC  Common
Stock, Weiser and Lefton hereby agree to provide CCL prior written notice of any
such  proposed sale.  Weiser and Lefton hereby further agree that they will  not
sell  any  shares  of CRC Common Stock unless the purchaser(s)  of  such  shares
agree(s)  to buy an equal percentage of the Purchased Shares at the  same  price
and upon the same terms.

               ARTICLE II - REPRESENTATIONS AND WARRANTIES OF CCL

     CCL hereby represents and warrants to Buyers that:

      2.1  Corporate  Existence and Qualification.  CCL is  a  corporation  duly
organized,  validly existing and in good standing under the laws of Panama;  has
the  corporate power to own, manage, lease and hold its properties and to  carry
on  its  business  as and where such properties are presently located  and  such
business  is  presently conducted; and is duly qualified to  do  business  as  a
foreign  corporation in each jurisdiction where the failure to be  so  qualified
would  have  a  material adverse effect on its business, financial condition  or
results of operations.

      2.2  Authority, Approval and Enforceability.  This Agreement has been duly
executed  and  delivered by CCL and CCL has all requisite  corporate  power  and
authority  to execute and deliver this Agreement, to consummate the transactions
contemplated  hereby, and to perform its obligations hereunder.  This  Agreement
constitutes  the  legal,  valid and binding obligation of  CCL,  enforceable  in
accordance with its terms, except as such enforcement may be limited by  general
equitable  principles  or by applicable bankruptcy, insolvency,  moratorium,  or
similar  laws  and judicial decisions from time to time in effect  which  affect
creditors' rights generally.

     2.3 Ownership and Delivery of Shares.  CCL owns all of the Purchased Shares
free  and  clear  of  any and all pledges, security interests,  liens,  charges,
proxies,  calls or other encumbrances of any nature whatsoever.  CCL's  delivery
of  a  certificate or certificates representing the Purchased Shares  to  Buyers
pursuant  to  this Agreement, against payment therefor pursuant to  Section  1.2
hereof, transfers valid title to such Purchased Shares to Buyers, free and clear
of  any  and all pledges, security interests, liens, charges, proxies, calls  or
other  encumbrances of any nature whatsoever.  There are no outstanding options,
warrants,  calls,  subscriptions, agreements or commitments  of  any  character,
except  this  Agreement,  to  which CCL is a party obligating  it  to  sell  any
Purchased Shares or which restrict the transfer of any such shares held by it.

             ARTICLE III - REPRESENTATIONS AND WARRANTIES OF BUYERS

     Each of the Buyers hereby severally represents and warrants to CCL that:

      3.1  Authority, Approval and Enforceability.  This Agreement has been duly
executed  and delivered by such Buyer.  Such Buyer has all requisite  power  and
authority  to execute and deliver this Agreement, to consummate the transactions
contemplated  hereby, and to perform his obligations hereunder.  This  Agreement
and  such  Buyer's Note and Security Agreement constitute the legal,  valid  and
binding  obligation  of  such  Buyer,  enforceable  in  accordance  with   their
respective terms, except as such enforcement may be limited by general equitable
principles  or by applicable bankruptcy, insolvency, moratorium or similar  laws
and  judicial  decisions  from time to time in effect  which  affect  creditors'
rights generally.

     3.2 Investment Representations.

    (a)  Such  Buyer  is acquiring the Purchased Shares to be  acquired  by  him
pursuant  to this Agreement for his own account and not with a view to,  or  for
sale in connection with, a "distribution," as such term is used in Section 2(11)
of the Securities Act of 1933, as amended (the "Securities Act").

    (b)  Such Buyer is an "accredited investor," as that term is defined in Rule
501(a) of Regulation D promulgated under the Securities Act.

    (c) Such Buyer understands that the sale of shares of CRC Common Stock under
this  Agreement has not been registered under the Securities Act  or  applicable
state securities laws.

    (d) Such Buyer understands that the certificates representing shares of  CRC
Common  Stock  being sold by CCL pursuant to this Agreement bear  a  "restricted
transfer" legend substantially as follows:

          "The  shares represented by this certificate have  not  been
          registered  under  the  Securities  Act  of  1933   or   any
          applicable  state  law.  They may not be offered  for  sale,
          sold,  transferred or pledged without (1) registration under
          the Securities Act of 1933 and any applicable state law,  or
          (2)  at  holder's expense, an opinion (satisfactory  to  the
          Company)  of  counsel  (satisfactory to  the  Company)  that
          registration is not required."

    (e)  Such Buyer acknowledges that all matters relating to CRC, the Agreement
and  such Buyer's investment in the CRC Common Stock have been explained to  the
satisfaction  of  such  Buyer  and that such Buyer understands  the  speculative
nature and risks involved in this investment.

   (f) Such Buyer can bear the economic risks inherent in its investments in the
CRC Common Stock.

    (g)  Such Buyer has been afforded the opportunity to ask questions  of,  and
receive  answers from CRC and has had access to all information deemed  material
to an investment decision with respect to his acquisition of the Common Stock.

      3.3 Representations.  Such Buyer is acquiring the CRC Common Stock without
having  been furnished any representations or warranties of any kind  whatsoever
with  respect  to CRC's business and financial condition.  Without limiting  the
generality of the foregoing, such Buyer acknowledges that neither CCL,  CRC  nor
any  other  person has provided, and such Buyer is not relying in any way  upon,
any representations regarding projections or future performance of CRC.

             ARTICLE IV - REPURCHASE SUBJECT TO REGULATORY APPROVAL

      4.1  Sale  and  Purchase.  Provided that (i) any  and  all  licensing  and
approval  of the Louisiana Gaming and Control Board required by the laws,  rules
and  regulations  of  the  State  of Louisiana  pertaining  to  licensed  gaming
activities  and  any other applicable foreign, federal or state authorities  has
been   obtained  ("Louisiana  Regulatory  Approval"),  and  (ii)  the  following
transaction  is  in compliance with all applicable maritime laws (including  the
Jones Act),  then during the period that any of the Notes are outstanding,  upon
written notice from either Weiser, on behalf of the Buyers, or CCL to the Buyers
(the "Repurchase Notice"), CCL shall repurchase from Buyers and the Buyers shall
sell to CCL, on the date and in the manner set forth in this Article IV, any  of
the  Purchased Shares then held by Buyers, at the Purchase Price  per  share  of
Common Stock paid by Buyers hereunder, together with an amount necessary so that
the  aggregate  purchase price to be paid by CCL pursuant  to  this  Article  IV
returns to each Buyer his purchase price per share and also provides such  Buyer
with  a rate of return thereon of 6.10% per annum, in each case from the Closing
Date  until the date the Purchased Shares are acquired by CCL pursuant  to  this
Article  IV.  Each of the Buyers agree that Weiser shall have the sole right  to
deliver   or   receive  the  Repurchase  Notice  on  behalf   of   the   Buyers.
Notwithstanding anything to the contrary contained herein, the repurchase of the
Purchased Shares is subject to Louisiana Regulatory Approval.  In the event that
Louisiana Regulatory Approval is not obtained, the parties acknowledge that they
shall  have no recourse against the Louisiana Gaming Control Board, the Attorney
General  of  the  State of Louisiana, the Department of Safety and  Corrections,
Office  of  State  Police, and their members and employees, except  as  provided
under applicable Louisiana law, including the Louisiana Gaming Control Law,  and
the rules and regulations promulgated thereunder.

      4.2  Terms  of  Payment of Purchase Price.  CCL shall pay  to  Buyers  the
purchase price for all Purchased Shares acquired pursuant to this Article IV  in
cash;  provided,  however, that CCL shall have the right to  reduce,  deduct  or
otherwise offset against each payment otherwise due to a Buyer hereunder any and
all  amounts owed to CCL by such Buyer, including principal and accrued interest
owed  to  CCL  pursuant  to the Note delivered by such Buyer  pursuant  to  this
Agreement.

      4.3 Closing.  The consummation of any transfer under this Article IV shall
take  place  on  the  later of (i) the 10 th business day after  the  Repurchase
Notice  is  received by CCL or Weiser, as the case may be, or  (ii)  receipt  of
Louisiana Regulatory Approval.  The closing shall occur at the principal  office
of  CRC,  and the closing procedures shall be consistent with the provisions  of
this Article IV.

      4.4  Tender  Requirements at Closing.  At the closing,  the  Buyers  shall
present to CCL share certificates for all Purchased Shares to be acquired by CCL
pursuant  to this Article IV, such share certificates to be in proper  form  for
transfer.   Such shares shall be transferred free of all liens and  encumbrances
or adverse claims of any kind of character.  CCL, upon receipt of proper tenders
from  Buyers, shall tender payment in accordance with the terms provided in this
Article IV.

                            ARTICLE V - MISCELLANEOUS

      5.1  Further Assurances.  Following the Closing, the parties shall execute
and  deliver  such  documents,  and take such action,  as  shall  be  reasonably
requested  by  any other party hereto to carry out the transactions contemplated
by this Agreement.

     5.2 Publicity.  Neither of the parties hereto shall issue or make, or cause
to  have  issued  or  made, any public release or announcement  concerning  this
Agreement or the transactions contemplated hereby, without the advance  approval
in  writing  of the form and substance thereof by the other party hereto,  which
approval shall not be unreasonably withheld, except as required by law.

      5.3  Notices.  Any notice, request, instruction, correspondence  or  other
document  to  be  given  hereunder  by  any  party  hereto  to  another  (herein
collectively  called "Notice") shall be in writing and delivered  personally  or
mailed  by  registered  or certified mail, postage prepaid  and  return  receipt
requested, or by telecopier, or by a reputable overnight courier, as follows:

     If to CCL:

            Carnival Corporation
            3655 N.W. 87th Avenue
            Miami, Florida 33178
            Attention: Chief Financial Officer

     If to any Buyer:

            c/o CRC Holdings, Inc.
            3250 Mary Street, 5th Floor
            Miami, Florida 33133
          Attention: Chief Financial Officer

      5.4  Governing  Law.  The provisions of this Agreement and  the  documents
delivered pursuant hereto shall be governed by and construed in accordance  with
the  laws of the State of Florida; provided that the exercise of all rights  and
remedies  by  any  of the parties is subject to any applicable Louisiana  Gaming
Control Law, and the rules and regulations promulgated thereunder.

      5.5  Entire  Agreement; Amendments and Waivers.  This Agreement,  together
with  all  exhibits  and  schedules  attached  hereto,  constitutes  the  entire
agreement between and among the parties hereto pertaining to the subject  matter
hereof  and  supersedes all prior agreements, understandings,  negotiations  and
discussions,  whether  oral  or  written, of  the  parties,  and  there  are  no
warranties,  representations  or  other  agreements  between  the   parties   in
connection  with  the  subject matter hereof except as  set  forth  specifically
herein  or  contemplated  hereby.  No waiver of any of the  provisions  of  this
Agreement  shall  be deemed or shall constitute a waiver of any other  provision
hereof  (regardless of whether similar), nor shall any such waiver constitute  a
continuing waiver unless otherwise expressly provided.

      5.6  Binding Effect and Assignment.  This Agreement shall be binding  upon
and  inure  to the benefit of the parties hereto and their respective  permitted
successors  and  assigns.  Nothing in this Agreement,  express  or  implied,  is
intended  to confer upon any person or entity other than the parties hereto  and
their  respective  permitted successors and assigns,  any  rights,  benefits  or
obligations hereunder.

     5.7 Multiple Counterparts.  This Agreement may be executed in counterparts,
each  of  which  shall be deemed an original, but both of which  together  shall
constitute one and the same instrument.

EXECUTED as of the date first written above.

CARNIVAL CORPORATION

By: /s/ Gerald R. Cahill
       Gerald R. Cahill

             *
Sherwood M. Weiser

             *
Donald E. Lefton

            *
Thomas F. Hewitt

           *
Peter L. Sibley

            *
W. Peter Temling

            *
Robert B. Sturges

* Executed By Power of Attorney

By:/s/ W. Peter Temling
      W. Peter TemlingEXHIBIT 10.32

                          CARNIVAL CORPORATION

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                       Effective Date:  December 1, 1999

WHEREAS, Carnival Corporation ("Company") desires to establish the Carnival
Corporation Supplemental Executive Retirement Plan ("Plan") for the purpose of
providing to a select group of management or highly compensated employees
("Eligible Employees") certain supplemental retirement benefits, effective
December 1, 1999;

NOW, THEREFORE, to effectuate its intentions, the Company hereby adopts this
Plan effective as of the first day of December 1, 1999.

                               SECTION 1

                             DEFINITIONS

For purposes of the Plan, the following words and phrases shall have the
following meanings unless a different meaning is plainly required by the
context.

1.1  Account means a recordkeeping source from which Plan benefits are
     determined.

1.2  Administrator or Plan Administrator means the Company.

1.3  Beneficiary means the person, persons, trust or other entity a Participant
     designates by written revocable designation filed with the Company to
     receive payments in the event of his death.

1.4  Board means the Company's Board of Directors or a committee thereof.

1.5  Code means the Internal Revenue Code of 1986, as amended.

1.6  Company means Carnival Corporation and any successor thereto, and for
     purposes of determining eligibility to participate in the Plan, any
     affiliated company which is a member of a controlled group of corporations
     within the meaning of section 1563(a) of the Code with Carnival Corporation
     which adopts this Plan with the consent of the Company.

1.7  Compensation means an Eligible Employee's compensation from the Company,
     including salary, bonus, amounts deferred under the Carnival Corporation
     "FunShip" Nonqualified Savings Plan, and any incentive pay without regard
     to limitations under Section 401(a)(17) of the Internal Revenue Code.
     Compensation shall not include income attributable to taxable or nontaxable
     fringe benefits or any income that arises in connection with any equity
     based compensation program offered by the Company.

1.8  Effective Date means December 1, 1999.

1.9  Eligible Employee means each person determined under Section 2 as eligible
     to participate in the Plan.

1.10  Participant means

  A. An Eligible Employee who participates under the Plan in accordance with
          Sections 2.1 and 3.1.

  B. Each other Eligible Employee or former Eligible Employee for whom an
          Account is maintained.

1.11  Plan means the Carnival Corporation Supplemental Executive Retirement Plan
     as described in this instrument, and the same as may be amended from time
     to time.

1.12  Plan Year means the twelve (12) consecutive month period beginning on each
     January 1 and ending on the following December 31.

1.13  Retirement Plan means the Carnival Corporation Nonqualified Retirement
     Plan.

1.14  Termination of Employment means the termination of the Participant's
     services for any reason.

1.15  Year of Service means the completion of twelve consecutive months of
     service with the Company and shall include all service with the Company
     prior to the Effective Date of the Plan and any additional service credited
     under the Retirement Plan.

                                  SECTION 2

                           PARTICIPATION IN THE PLAN

2.1  Eligibility to Participate.  Robert H. Dickinson and Howard S. Frank, and
     any other person designated by the Board shall participate in the Plan.
     However, eligibility to participate in the Plan is preconditioned upon
     waiving any benefit under the Company's Deferred Compensation Agreement.
     It is the intention of the Company that this Plan constitute a "top hat"
     plan and therefore only those persons who are determined to be within a
     select group of management or highly compensated shall be entitled to
     participate in the Plan.

2.2  Procedure For and Effect of Admission.  Each Eligible Employee shall
     complete such forms and provide such data as reasonably required by the
     Company including Beneficiary designation forms and payment of benefit
     forms.  By becoming a Participant, an Eligible Employee shall be deemed
     conclusively to have assented to the provisions of this Plan and all
     amendments hereto.

2.3  Cessation of Participation.  A Participant shall cease to be an active
     participant on the earlier of:

  A. the date on which the Plan terminates, or

  B. the date on which he ceases to be an Eligible Employee.

      A former active participant will be deemed a Participant for all purposes
 except with respect to the right to receive "an additional benefit," as long
 as he retains a Plan Account.

                                   SECTION 3

                                 PLAN BENEFITS

3.1  Plan Benefits.  The annual benefit under this Plan to which an eligible
     Participant or his or her Beneficiary shall be entitled shall be determined
     as follows:

 (A)   50% of final pay ("final pay" shall mean a Participant's highest
 Compensation in any twelve month period within the last sixty months) reduced
 proportionately for each Year of Service less than 25.

                                      minus

(B)  The  amount  of  benefits payable to the Participant  under  the  Company's
Retirement Plan;

                                      minus
            (C) The Participant's Primary Social Security Amount (as defined in
the Retirement Plan) at the social security retirement age (determined without
regard to such Participant's election to receive social security benefits
prior to social security retirement age).

3.2  Early Retirement.  A Participant may retire before a participant reaches
     age 65, and receive benefits pursuant to Section 3.1, upon the attainment
     of age 55 and the completion of at least 15 Years of Service.  Such benefit
     shall be reduced by 3% for each year (1/4% for each month) that the
     Participant retires before age 65.

                                  SECTION 4

                                MAINTENANCE OF
                              PARTICIPANT ACCOUNTS

4.1  Establishment of Accounts.  The Administrator shall establish and maintain
     a separate bookkeeping Account in the name of each Participant solely for
     purposes of determining the accrued benefit of each Participant.

4.2  Relationship of the Parties.  To the extent a Participant or any person
     acquires a right to receive payments from the Company under this Plan, such
     right shall be no greater than the right of any unsecured creditor of the
     Company.  Neither this Plan nor any action taken pursuant to the terms of
     this Plan shall be considered to create a fiduciary relationship between
     the Company and the Participants or any other persons or to require the
     establishment of a trust in which the assets are beyond the claims of any
     unsecured creditor of the Company.  Notwithstanding Section 4.3 below, the
     Company may, at its discretion, make contributions to a rabbi trust that
     will be used to pay benefits under the Plan as they become due and owing.

4.3  No Requirement to Fund.  This Plan is not funded in any way or form.  It is
     the Company's intention that this Plan be an unfunded plan maintained
     primarily for the purpose of providing deferred compensation for a select
     group of management or highly compensated persons within the meaning of
     Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.
                                   SECTION 5

                                   BENEFITS

5.1  Payment of Benefit.  Subject to the approval of the Company, each
     Participant shall elect the form and timing of their distribution.

   A.Form of Payment Except as provided in Section 3.2, a Participant or his or
her Beneficiary may elect that the payment of Benefits to which a Participant
or his or her Beneficiary shall be entitled under this Plan shall be made in
one of the following forms:

          1.Life with 5-Year Certain Benefit -- an annuity for the life of the
          Participant, but if the Participant dies within 5 years of the date
          distribution of Benefits began, the annuity is payable to the
          Participant's Beneficiary for the remainder of that 5-year period;
          2.Life with 10-Year Certain Benefit -- an annuity for the life of the
          Participant, but if the Participant dies within 10 years of the date
          distribution of Benefits began, the annuity is payable to the
          Participant's Beneficiary for the remainder of that 10-year period;
          3.Qualified Joint and Survivor Annuity -- an annuity for the life of
          the Participant with a survivor annuity for the life of the
          Participant's spouse, where the survivor annuity is either 50% or 100%
          of the amount payable during the joint lives of the Participant and
          the Participant's spouse;
          4.Single cash distribution of the full amount payable - the actuarial
          equivalent present value of the Participant's Vested Interest payable
          at his Normal Retirement Date.

       The value of such Benefit shall be determined using the same actuarial
       factors as provided for in the Retirement Plan.

     A.Timing of Payment:  The Participant's election shall indicate that
     payment shall be made (in the case of a lump sum election) or shall
     commence (in the case of an installment election):

          1.as soon as administratively practicable following the Participant's
          Termination of Employment;

          2.as soon as administratively practicable following the calendar year
          of the Participant's Termination of Employment;

          3.in the month following the earlier of (A) the Participant's
          attainment of age 55 and 15 Years of Service, or (B) the Participant's
          attainment of age 65; or

          4.in a specific month and year.

     Notwithstanding the foregoing, if a Participant elects his distribution to
     be made or commenced in accordance with paragraph (3) above, and such date
     falls before the Participant's Termination of Employment, the Participant's
     distribution shall be made or commenced in accordance with paragraph (1)
     above.  Notwithstanding the foregoing, subject to the approval of the
     Company, a Participant may change his form and timing election applicable
     to his benefit, provided that such request to change is made at least
     twelve (12) consecutive months prior to the date on which such distribution
     would have otherwise been made on or commenced.  If a Participant dies
     before commencement of distribution of Participant's Benefits under the
     Plan, such Benefits shall be paid in a lump sum to the Participant's
     Beneficiary, using the same actuarial assumptions as in the Retirement
     Plan.  If a Participant dies after commencement of distribution of his or
     her Benefits under the Plan, the Participant's Benefits shall be paid to
     the Participant's Beneficiary in accordance with the Participant's
     election.

5.2  Beneficiary Designation

     A. Each Participant may designate a Beneficiary to receive the benefits
          payable in the event of the Participant's death, and designate a
          successor Beneficiary to receive any benefits payable in the event of
          the death of any other Beneficiary.

     B. A Participant may change a Beneficiary designation at any time.  All
          Beneficiary designations and changes shall be made on an appropriate
          form as designated by the Plan Administrator and filed with the Plan
          Administrator.

     C. If no person shall be designated by the Participant, or if the
          designated Beneficiary shall not survive the Participant, payment of
          the Participant's Account shall be made to the Participant's estate.

5.3  Tax Withholding.  To the extent required by the law in effect at the time
     benefits are distributed pursuant to this Section 5, the Company shall
     withhold any taxes required by the federal or any state or local government
     from payments made hereunder.
                                   SECTION 6

                                 ADMINISTRATION

6.1  Appointment of Administrator.  The Company shall serve as the
     Administrator.

6.2  Administrator's Responsibilities.  The Administrator is responsible for the
     day to day administration of the Plan.  The Administrator may appoint other
     persons or entities to perform any of its fiduciary functions.

6.3  Records and Accounts.  The Administrator shall maintain or shall cause to
     be maintained accurate and detailed records and accounts of Participants
     and of their rights under the Plan.

6.4  Liability.  The Company shall not be liable to any person for any action
     taken or omitted in connection with the administration of this Plan unless
     attributable to the fraud or willful misconduct on the part of a director,
     officer or agent of the Company.

6.5  Payment of Expenses.  All expenses incurred in the operation or
     administration of this Plan shall be paid by Company.

6.6  Substitute Payee.  If a Participant or Beneficiary entitled to receive any
     benefits hereunder is in his minority, or is, in the judgment of the
     Company, legally, physically, or mentally incapable of personally receiving
     and receipting any distribution, the Company may make distributions to a
     legally appointed guardian or to such other person or institution as, in
     the judgment of the Company, is then maintaining or has custody of the
     payee.
                                   SECTION 7

                               CLAIMS PROCEDURE

7.1  Claims Procedures.  The Administrator shall establish a claims procedure
     and shall afford a reasonable opportunity to any Participant whose claim
     for benefits has been denied for a full and fair review of the decision
     denying such claim.  The claims procedure shall provide for a notice of
     denial of a claim to be received by a claimant within a reasonable period,
     not to exceed ninety (90) days, following the filing of a claim.  The
     notice shall provide the reason for the denial, references to the Plan
     provisions on which the denial is based, a description of additional
     information necessary to perfect a claim and the steps required to submit a
     claim for review.  The period to request a review must be for at least
     sixty (60) days after a receipt of notice of denial of a claim.  A decision
     on review shall be made within sixty (60) days after the Plan's receipt of
     a request for a review unless special circumstances require a longer period
     in which case the Plan shall have an additional sixty (60) days.  The final
     decision shall be in writing and shall include specific reasons for the
     decision and references to Plan provisions.
                                  SECTION 8

                          AMENDMENT AND TERMINATION

8.1  Plan Amendment.  The Plan may be amended or otherwise modified by the
     Board, in whole or in part, provided that no amendment or modification
     shall divest any Participant of any amount previously earned under Section
     3.1.

8.2  Termination of the Plan.  The Board reserves the right to terminate the
     Plan at any time in whole or in part.  In the event of any such
     termination, the Company shall pay a benefit to the Participant or the
     Beneficiary of any deceased Participant, in lieu of other benefits
     hereunder, equal to the value of the Participant's Account in the form and
     at the benefit commencement date elected by the Participant pursuant to
     section 5.1 of the Plan.

                                    SECTION 9

                                 MISCELLANEOUS

9.1  Supplemental Benefits.  Unless otherwise stated herein, the benefits
     provided for the Participants under this Plan are in addition to benefits
     provided by any other plan or program of the Company and, except as
     otherwise expressly provided herein, the benefits of this Plan shall
     supplement and shall not supersede any plan or agreement between the
     Company and any Participant or any provisions contained herein.

9.2  Governing Law.  The Plan shall be governed and construed under the laws of
     the State of Florida.

9.3  Spendthrift Provision.  No benefit under the Plan shall be subject in any
     manner to anticipation, alienation, sale, transfer, assignment, pledge,
     encumbrance or change, and any such action shall be void for all purposes
     of the Plan.  No benefit shall in any manner be subject to the debts,
     contracts, liabilities, engagements or torts of any person, nor shall it be
     subject to attachments or other legal process for or against any person,
     except to such extent as may be required by law.

9.4  Binding Terms.  The terms of this Plan shall be binding upon and inure to
     the benefit of the parties hereto, their respective heirs, executors,
     administrators and successors.

9.5  Headings.  All headings preceding the text of the several Sections hereof
     are inserted solely for reference and shall not constitute a part of this
     Plan, nor affect its meaning, construction or effect.

9.6  Rule of Interpretation.  Where appropriate, words in the masculine gender
     shall include the feminine gender and vice versa.

9.7  Limitation of Rights.  Neither the establishment of this Plan, nor any
     modification thereof, nor the creation of an account, nor the payment of
     any benefits shall be construed as giving:

    A.      any Participant, Beneficiary, or any other person whomsoever, any
          legal or equitable right against the Company unless such right shall
          be specifically provided for in the Plan or conferred by affirmative
          action of the Administrator in accordance with the terms and
          provisions of the Plan; or

    B.      any Participant the right to be retained in the service of the
          Company, and all Participants and other agents shall remain subject to
          termination to the same extent as if the Plan had never been adopted.

9.8  Severability.  Should any provision of the Plan or any regulations adopted
     thereunder be deemed or held to be unlawful or invalid for any reason, such
     fact shall not adversely affect the other provisions or regulations unless
     such invalidity shall render impossible or impractical the functioning of
     the Plan and, in such case, the appropriate parties shall adopt a new
     provision or regulation to take the place of the one held illegal or
     invalid.

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