Document:

Registration Rights Agreement,  dated as of February 13, 2004

 EXHIBIT 4.6 
  

REGISTRATION RIGHTS AGREEMENT 
  
 REGISTRATION RIGHTS AGREEMENT, dated as of February 13, 2004, among Cullen/Frost Bankers, Inc., a Texas corporation (the “Guarantor”),
Cullen/Frost Capital Trust II, a Delaware statutory trust (the “Trust”), and Lehman Brothers Inc. (the “Purchaser”), who has agreed to purchase the Trust’s Floating Rate Capital Securities, Series A, which are guaranteed by
the Guarantor. 
  

	 	1.	Certain Definitions. 

  
 For purposes of this Registration Rights Agreement, the following terms shall have the following respective meanings: 
  
 (a) “Administrative Trustees” shall mean
the Administrative Trustees named under the Trust Agreement. 
  
 (b) “Capital Securities” shall mean the Floating Rate Capital Securities, Series A, Liquidation Amount $1,000 per Capital Security, to be issued under the Trust Agreement and sold to the Purchaser,
and securities issued in exchange therefor, other than Debentures, or in lieu thereof pursuant to the Trust Agreement. 
  
 (c) “Closing Date” shall mean the date on which the Capital Securities are initially issued. 
  
 (d) “Commission” shall mean the Securities
and Exchange Commission, or any other federal agency at the time administering the Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 
  
 (e) “Debentures” shall mean the Floating Rate Junior Subordinated Deferrable Interest
Debentures due March 1, 2034 of the Guarantor to be issued under the Indenture, and securities issued in exchange therefor or in lieu thereof pursuant to the Indenture. 
  
 (f) “Effective Time”, in the case of (i) an Exchange Offer, shall mean the time and date as
of which the Commission declares the Exchange Offer Registration Statement effective or as of which the Exchange Offer Registration Statement otherwise becomes effective and (ii) a Shelf Registration, shall mean the time and date as of which the
Commission declares the Shelf Registration effective or as of which the Shelf Registration otherwise becomes effective. 
  
 (g) “Exchange Act” shall mean the Securities Exchange Act of 1934, or any successor thereto, as the same shall be amended
from time to time. 
  
 (h) “Exchange
Offer” shall have the meaning assigned thereto in Section 2(a) hereof. 
  
 (i) “Exchange Offer Registration Statement” shall have the meaning assigned thereto in Section 2(a) hereof. 

 
 (j) “Exchange Registration” shall have
the meaning assigned thereto in Section 3(f) hereof. 
  
 (k) “Exchange Securities” shall have the meaning assigned thereto in Section 2(a) hereof. 
  

 (l) “Guarantee” shall mean the guarantee of the Capital Securities by
the Guarantor under the Guarantee Agreement, dated as of February 13, 2004, between the Guarantor and The Bank of New York, as Guarantee Trustee. 
  
 (m) The term “holder” shall mean the Purchaser for so long as it owns any Registrable Securities, and such of its
respective successors and assigns who acquire Registrable Securities, directly or indirectly, from such persons or from any successor or assign of such persons, in each case for so long as such person owns any Registrable Securities. 
  
 (n) “Indenture” shall mean the Indenture,
dated as of February 13, 2004, between the Guarantor and The Bank of New York, as Trustee, as the same shall be amended from time to time. 
  
 (o) “Liquidation Amount” shall mean the stated amount of $1,000 per Trust Security. 
  
 (p) The term “person” shall mean a
corporation, association, partnership, organization, business, individual, government or political subdivision thereof or governmental agency. 
  
 (q) “Purchase Agreement” shall mean the Purchase Agreement, dated as of February 6, 2004 and amended on February 10,
2004, among the Purchaser, the Trust and the Guarantor. 
  
 (r) “Registrable Securities” shall mean the Securities; provided, however, that such Securities shall cease to be Registrable Securities when (i) in the circumstances contemplated by Section
2(a) hereof, such Securities have been exchanged for Exchange Securities in an Exchange Offer as contemplated in Section 2(a) (provided that any Exchange Securities received by a broker-dealer in an Exchange Offer in exchange for Registrable
Securities that were not acquired by the broker-dealer directly from the Guarantor will also be Registerable Securities through and including the earlier of the 180th day after the Exchange Offer is completed or such time as such broker-dealer no
longer owns such Exchange Securities); (ii) in the circumstances contemplated by Section 2(b) hereof, a registration statement registering such Securities under the Securities Act has been declared or becomes effective and such Securities have been
sold or otherwise transferred by the holder thereof pursuant to such effective registration statement; (iii) such Securities are sold pursuant to Rule 144 under circumstances in which any legend borne by such Securities relating to restrictions on
transferability thereof, under the Securities Act or otherwise, is removed or such Securities are eligible to be sold pursuant to paragraph (k) of Rule 144; or (iv) such Securities shall cease to be outstanding. 
  
 (s) “Registration Default” shall have the
meaning assigned thereto in Section 2(c) hereof. 
  
 (t) “Registration Default Interest” shall have the meaning assigned thereto in Section 2(c) hereof. 
  
 (u) “Registration Default Distributions” shall have the meaning assigned thereto in Section 2(c). 
  
 (v) “Registration Expenses” shall have the
meaning assigned thereto in Section 4 hereof. 
  
 (w) “Resale Period” shall have the meaning assigned thereto in Section 2(a) hereof. 
  

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 (x) “Restricted Holder” shall mean (i) a holder that is an affiliate of
the Guarantor within the meaning of Rule 405, (ii) a holder who acquires Exchange Securities outside the ordinary course of such holder’s business or (iii) a holder who has arrangements or understandings with any person to participate in the
Exchange Offer for the purpose of distributing Exchange Securities. 
  
 (y) “Rule 144,” “Rule 405” and “Rule 415” shall mean, in each case, such rule promulgated under the Securities Act. 
  
 (aa) “Securities” shall mean, collectively,
the Capital Securities, the Guarantee and the Debentures. 
  
 (ab) “Securities Act” shall mean the Securities Act of 1933, or any successor thereto, as the same shall be amended from time to time. 
  
 (ac) “Shelf Registration” shall have the meaning assigned thereto in Section 2(b) hereof.

  
 (ad) “Trust Agreement” shall
mean the Amended and Restated Trust Agreement, dated as of February 13, 2004, among the Guarantor, the trustees named therein and the holders of Securities issued thereunder. 
  
 (ae) “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, or any successor
thereto, as the same shall be amended from time to time. 
  
 (af) “Trust Securities” shall mean collectively the Capital Securities and the Common Securities to be issued under the Trust Agreement to the Guarantor. 
  
 Unless the context otherwise requires, any reference herein to a
“Section” or “clause” refers to a Section or clause, as the case may be, of this Registration Rights Agreement, and the words “herein,” “hereof” and “hereunder” and other words of similar import
refer to this Registration Rights Agreement as a whole and not to any particular Section or other subdivision. Unless the context otherwise requires, any reference to a statute, rule or regulation refers to the same (including any successor statute,
rule or regulation thereto) as it may be amended from time to time. 
  

	 	2.	Registration Under the Securities Act. 

  
 (a) (i) Except as set forth in Section 2(b) below, the Guarantor and the Trust agree to use their reasonable best efforts to file under
the Securities Act within 150 days after the Closing Date, a registration statement (the “Exchange Offer Registration Statement”) relating to an offer to exchange (the “Exchange Offer”) any and all of the Securities for a like
aggregate amount of capital securities issued by the Trust and guaranteed by the Guarantor and underlying junior subordinated deferrable interest debentures of the Guarantor, which capital securities, guarantee and debentures are identical to the
Capital Securities, the Guarantee and the Debentures, respectively (and are entitled to the benefits of trust indentures which have been qualified under the Trust Indenture Act) except that they have been registered pursuant to an effective
registration statement under the Securities Act, do not contain restrictions on transfers and do not contain provisions for the additional interest and additional distributions contemplated in Section 2(c) below (such new securities hereinafter
called “Exchange Securities”). The Guarantor and the Trust agree to use their reasonable best efforts to cause the Exchange Offer Registration Statement to become effective under the Securities Act within 180 days after the 

  

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Closing Date and, in connection with the foregoing, (A) file all pre-effective amendments to such Exchange Offer Registration Statement as may be necessary
in order to cause such Exchange Offer Registration Statement to become effective, (B) if applicable, file a post-effective amendment to such Exchange Offer Registration Statement pursuant to Rule 430A under the Securities Act and (C) cause all
necessary filings in connection with the registration and qualification of the Exchange Securities to be made under the blue sky laws of such jurisdiction as are necessary to permit completion of the Exchange Offer. The Exchange Offer will be
registered under the Securities Act on the appropriate form and will comply with all applicable tender offer rules and regulations under the Exchange Act. The Guarantor and the Trust further agree to use their reasonable best efforts to commence and
complete the Exchange Offer promptly after the Exchange Offer Registration Statement has become effective, hold the Exchange Offer open for at least 30 days and exchange Exchange Securities for all Securities that have been properly tendered and not
withdrawn on or prior to the expiration of the Exchange Offer. The Exchange Offer will be deemed to have been completed only if the Exchange Securities received by holders other than Restricted Holders in the Exchange Offer for Securities are, upon
receipt, transferable by each such holder without restriction under the Securities Act and the Exchange Act and without material restrictions under the blue sky or securities laws of a substantial majority of the States of the United States of
America. The Exchange Offer shall be deemed to have been completed upon the earlier to occur of (i) the Guarantor and the Trust having exchanged the Exchange Securities for all outstanding Securities pursuant to the Exchange Offer and (ii) the
Guarantor having exchanged, pursuant to the Exchange Offer, Exchange Securities for all Securities that have been properly tendered and not withdrawn before the expiration of the Exchange Offer, which shall be on a date that is at least 30 days
following the commencement of the Exchange Offer. The Guarantor and the Trust, agree (x) to include in the registration statement a prospectus for use in connection with any resales of Exchange Securities by a holder that is a broker-dealer, other
than resales of Exchange Securities received by a broker-dealer pursuant to the Exchange Offer in exchange for Registrable Securities acquired by such broker-dealer directly from the Trust, and (y) to keep the Exchange Offer Registration Statement
effective for a period (the “Resale Period”) beginning when Exchange Securities are first issued in the Exchange Offer and ending upon the earlier of (i) either (a) the expiration of the 180th day after the Exchange Offer has been
completed or (b) in the event the Guarantor and the Trust have at any time notified any broker-dealers pursuant to Section 3(f)(iii) hereof, the day beyond the 180th day after the Exchange Offer has been completed that reflects an additional period
of days equal to the number of days during all of the periods from and including the dates the Guarantor and the Trust give notice pursuant to Section 3(f)(iii)(F) hereof to and including the date when broker-dealers receive an amended or
supplemented prospectus necessary to permit resales of Exchange Securities or to and including the date on which the Guarantor and the Trust give notice that the resale of Exchange Securities under the Exchange Offer Registration Statement may
resume or (ii) such time as such broker-dealers no longer own any Registrable Securities. With respect to such registration statement, each broker-dealer that holds Exchange Securities received in an Exchange Offer in exchange for Registerable
Securities not acquired by it directly from the Guarantor shall have the benefit of the rights of indemnification and contribution set forth in Section 6 hereof. 
  
 (ii) The Guarantor and the Trust shall indicate in a “Plan of Distribution” section contained in
the prospectus contained in the Exchange Offer Registration Statement that any broker-dealer who holds Securities that are Registrable Securities and that were acquired for its own account as a result of market-making activities or other trading
activities (other than Registrable Securities acquired directly from the Guarantor or the Trust), may exchange such Securities pursuant to the Exchange Offer; however, such broker-dealer may be deemed to be an “underwriter” within the
meaning of the Securities Act and must, therefore, deliver a prospectus 

  

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meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by such broker-dealer in the Exchange
Offer, which prospectus delivery requirement may be satisfied by the delivery by such broker-dealer of the prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other
information with respect to such resales by broker-dealers that the Commission may require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such broker-dealer or disclose the amount of
Exchange Securities held by any such broker-dealer except to the extent required by the Commission as a result of a change in policy announced after the date of this Registration Rights Agreement. 
  
 (iii) The Trust and Guarantor shall provide sufficient
copies of the latest version of the prospectus contained in the Exchange Offer Registration Statement to broker-dealers promptly upon request at any time during such 180-day period in order to facilitate such resales. 
  
 (b) If (i) prior to the consummation of the Exchange Offer
existing applicable law or Commission interpretations are changed such that the capital securities, related guarantee of the Guarantor and underlying debentures of the Guarantor to be received by holders other than Restricted Holders in the Exchange
Offer for Registrable Securities are not or would not be, upon receipt, transferable by each such holder without restriction under the Securities Act, (ii) the Exchange Offer Registration Statement is not declared effective within 180 days of the
Closing Date, (iii) any holder of Registrable Securities shall notify the Guarantor or the Trust at least 20 business days prior to the completion of the Exchange Offer (A) that such holder is prohibited by applicable law or Commission policy from
participating in the Exchange Offer or (B) that such holder may not resell the Exchange Securities acquired by it in the Exchange Offer to the public without delivering a prospectus and that the prospectus contained in the Exchange Offer
Registration Statement is not available for such resales by such holder or (C) that such holder is a broker-dealer and holds Securities acquired directly from the Guarantor, the Trust or one of their affiliates, or (iv) the Guarantor has received an
opinion of counsel, rendered by a law firm having a recognized national tax practice, to the effect that, as a result of the consummation of the Exchange Offer, there is more than an insubstantial risk that (A) the Trust is, or will be, subject to
United States federal income tax with respect to income received or accrued on the Debentures, (B) interest payable by the Guarantor on the Debentures is not, or will not be, deductible by the Guarantor, in whole or in part, for United States
federal income tax purposes, or (C) the Trust is, or will be, subject to more than a de minimis amount of other taxes, duties or other governmental charges, then in addition to or in lieu of conducting the Exchange Offer contemplated by
Section 2(a) (each of the events contemplated by Sections (b)(i)-(iv) hereof, a “Shelf Registration Event”), the Guarantor and the Trust shall file under the Securities Act as promptly as practicable, but in no event later than 60 days
after the occurrence of a Shelf Registration Event (such date being the “Shelf Filing Deadline”), a shelf registration statement providing for the registration of, and the sale on a continuous or delayed basis by the holders of, all of the
Registrable Securities, pursuant to Rule 415 or any similar rule that may be adopted by the Commission (the “Shelf Registration”). The Administrative Trustees will promptly deliver to the holders of the Capital Securities, the Property
Trustee and the Delaware Trustee, or the Guarantor will promptly deliver to the holders of the Debentures, if not the Trust, written notice that the Guarantor and the Trust will be complying with the provisions of this Section 2(b). The Guarantor
and the Trust agree to use their reasonable best efforts to cause the Shelf Registration to become or be declared effective at the earliest possible time, but in no event later than the later of (A) 30 days after the Shelf Filing Deadline or (B) 180
days after the Closing Date (the “Shelf Effectiveness Deadline”) and to keep such Shelf Registration continuously effective for a period ending on the earlier of (i) either (x) the second anniversary of the Closing Date or (y) in the event
the Guarantor and the Trust have at any time suspended the use of the prospectus contained in the Shelf Registration 

  

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pursuant to Section 3(c) hereof, the date beyond the second anniversary of the Closing Date that reflects an additional period of days equal to the number of
days during all of the periods from and including the dates the Guarantor and the Trust give notice of such suspension pursuant to Section 3(c) to and including the date when holders of Registrable Securities receive an amended or supplemented
prospectus necessary to permit resales as Registrable Securities under the Shelf Registration or to and including the date on which the Guarantor and Trust give notice that the resale to Registrable Securities may resume or (ii) such time as there
are no longer any Registrable Securities outstanding. The Guarantor and the Trust further agree to supplement or make amendments to the Shelf Registration, as and when required by the rules, regulations or instructions applicable to the registration
form used by the Guarantor and the Trust for such Shelf Registration or by the Securities Act or rules and regulations thereunder for shelf registration, and the Guarantor and the Trust agree to furnish to the holders of the Registrable Securities
copies of any such supplement or amendment prior to its being used or promptly following its filing with the Commission. 
  
 (c) If the Guarantor or the Trust fail to comply with this Registration Rights Agreement or if the Exchange Offer Registration Statement
or the Shelf Registration Statement fails to become effective (any such event a “Registration Default”), then, as liquidated damages, registration default interest (the “Registration Default Interest”) shall become payable in
respect of the Debentures, and corresponding registration default Distributions (the “Registration Default Distributions”), shall become payable on the Trust Securities as follows: 
  
 (i) if (A) neither the Exchange Offer Registration Statement
nor a Shelf Registration Statement is filed with the Commission on or prior to the 150th day after the Closing Date or (B) notwithstanding that the Guarantor and the Trust have consummated or will consummate an Exchange Offer, the Guarantor and the
Trust are required to file a Shelf Registration and such Shelf Registration is not filed on or prior to the Shelf Filing Deadline, then commencing on the day after either such required filing date, Registration Default Interest shall accrue on the
principal amount of the Debentures, and Registration Default Distributions shall accumulate on the Liquidation Amount of the Trust Securities, each at a rate of 0.25% per annum; or 
  
 (ii) if (A) neither the Exchange Offer Registration Statement nor a Shelf Registration is declared effective
by the Commission on or prior to the 30th day after the applicable required filing date or (B) notwithstanding that the Guarantor and the Trust have consummated or will consummate an Exchange Offer, the Guarantor and the Trust are required to file a
Shelf Registration and such Shelf Registration is not declared effective by the Commission on or prior to the 30th day after the date such Shelf Registration was required to be filed, then commencing on the 31st day after the applicable required
filing date, Registration Default Interest shall accrue on the principal amount of the Debentures, and Registration Default Distributions shall accumulate on the Liquidation Amount of the Trust Securities, each at a rate of 0.25% per annum; or

  
 (iii) if (A) the Trust and the Guarantor have
not exchanged Exchange Securities for all Securities validly tendered, in accordance with the terms of the Exchange Offer on or prior to the 30th day after the date on which the Exchange Offer Registration Statement was declared effective or (B) if
applicable, the Shelf Registration has been declared effective and such Shelf Registration ceases to be effective at any time prior to the second anniversary of the Closing Date (other than after such time as there are no longer any Registrable
Securities), then Registration Default Interest shall accrue on the principal amount of Debentures, and Registration Default Distributions shall 

  

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accumulate on the Liquidation Amount of the Trust Securities, each at a rate of 0.25% per annum commencing on (x) the 31st day after such effective date, in
the case of (A) above, or (y) the day such Shelf Registration ceases to be effective in the case of (B) above; 
  
 provided, however, that neither the Registration Default Interest rate on the Debentures, nor the Registration Default Distributions rate on the
Liquidation Amount of the Trust Securities, shall exceed in the aggregate 0.25% per annum; provided, further, however, that (1) upon the filing of the Exchange Offer Registration Statement or a Shelf Registration (in the case of clause (i) above),
(2) upon the effectiveness of the Exchange Offer Registration Statement or a Shelf Registration (in the case of clause (ii) above), or (3) upon the exchange of Exchange Securities for all securities tendered (in the case of clause (iii) (A) above),
or upon the effectiveness of the Shelf Registration which had ceased to remain effective (in the case of clause (iii) (B) above), Registration Default Interest on the Debentures, and Registration Default Distributions on the Liquidation Amount of
the Trust Securities as a result of such clause (or the relevant subclause thereof), as the case may be, shall cease to accrue. 
  
 (d) Any reference herein to a registration statement shall be deemed to include any document incorporated therein by reference as of the
applicable Effective Time and any reference herein to any post-effective amendment to a registration statement shall be deemed to include any document incorporated therein by reference as of a time after such Effective Time. 
  
 (e) Notwithstanding any other provisions of this
Registration Rights Agreement, in the event that Debentures are distributed to holders of Capital Securities in liquidation of the Trust pursuant to the Trust Agreement (a) all references in this Section 2 and Section 3 to Securities, Registrable
Securities and Exchange Securities shall not include the Capital Securities and Guarantee or Capital Securities and Guarantee issued or to be issued in exchange therefor in the Exchange Offer, (ii) all requirements for action to be taken by the
Trust in this Section 2 and Section 3 shall cease to apply and all requirements for action to be taken by the Guarantor in this Section 2 and Section 3 shall apply to Debentures and Debentures issued or to be issued in exchange therefor in the
Exchange Offer. 
  

	 	3.	Registration Procedures. 

  
 The following provisions shall apply to registration statements filed pursuant to Section 2: 
  
 (a) At or before the Effective Time of the Exchange Offer or
the Shelf Registration, as the case may be, the Guarantor and the Trust shall qualify the Indenture (if not already qualified), the Trust Agreement and the Guarantee under the Trust Indenture Act of 1939. 
  
 (b) In connection with the Guarantor’s and the
Trust’s obligations with respect to the Shelf Registration, if applicable, the Guarantor and the Trust shall, as soon as reasonably practicable (or as otherwise specified herein): 
  
 (i) prepare and file with the Commission a registration statement with respect to the Shelf Registration on
any form which may be utilized by the Trust and the Guarantor and which shall permit the disposition of the Registrable Securities in accordance with the intended method or methods thereof, as specified in writing by the holders of the Registrable
Securities, and use its reasonable best efforts to cause such registration statement to become effective as soon as practicable thereafter; 
  

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 (ii) prepare and file with the Commission such amendments and supplements to such
registration statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such registration statement for the period specified in Section 2(b) hereof and as may be required by the applicable rules and
regulations of the Commission and the instructions applicable to the form of such registration statement, and furnish to the holders of the Registrable Securities copies of any such supplement or amendment simultaneously with or prior to its being
used or filed with the Commission; 
  
 (iii)
comply, as to all matters within the Guarantor’s and the Trust’s control, with the provisions of the Securities Act with respect to the disposition of all of the Registrable Securities covered by such registration statement in accordance
with the intended methods of disposition by the holders thereof provided for in such registration statement; 
  
 (iv) provide to any of (A) the holders of the Registrable Securities to be included in such registration statement, (B) the underwriters
(which term, for purposes of this Registration Rights Agreement, shall include a person deemed to be an underwriter within the meaning of Section 2(11) of the Securities Act), if any, thereof, (C) the sales or placement agent, if any, therefor, (D)
counsel for such underwriters or agent and (E) not more than one counsel for all the holders of such Registrable Securities who so request of the Guarantor in writing the opportunity to participate in the preparation of such registration statement,
each prospectus included therein or filed with the Commission and each amendment or supplement thereto; 
  
 (v) for a reasonable period prior to the filing of such registration statement, and throughout the period specified in Section 2(b), make
available at reasonable times at the Guarantor’s principal place of business or such other reasonable place for inspection by the persons referred to in Section 3(b)(iv) who shall certify to the Guarantor and the Trust that they have a current
intention to sell the Registrable Securities pursuant to the Shelf Registration such financial and other information and books and records of the Guarantor, and cause the officers, employees, counsel and independent certified public accountants of
the Guarantor to respond to such inquiries, as shall be reasonably necessary, in the judgment of the respective counsel referred to in such Section, to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act;
provided, however, that each such party shall be required to maintain in confidence and not to disclose to any other person any information or records reasonably designated by the Guarantor in writing as being confidential, until such time as
(A) such information becomes a matter of public record (whether by virtue of its inclusion in such registration statement or otherwise), or (B) such person shall be required so to disclose such information pursuant to a subpoena or order of any
court or other governmental agency or body having jurisdiction over the matter (subject to the requirements of such order, and only after such person shall have given the Guarantor prompt prior written notice of such requirement), or (C) such
information is required to be set forth in such registration statement or the prospectus included therein or in an amendment to such registration statement or an amendment or supplement to such prospectus in order that such registration statement,
prospectus, amendment or supplement, as the case may be, does not contain an untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading in
light of the circumstances then existing; 
  

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 (vi) promptly notify the selling holders of Registrable Securities, the sales or
placement agent, if any, therefor and the managing underwriter or underwriters, if any, thereof and confirm such advice in writing, (A) when such registration statement or the prospectus included therein or any prospectus amendment or supplement or
post-effective amendment has been filed, and, with respect to such registration statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the blue sky or securities commissioner or
regulator of any state with respect thereto or any request by the Commission for amendments or supplements to such registration statement or prospectus or for additional information, (C) of the issuance by the Commission of any stop order suspending
the effectiveness of such registration statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the Guarantor or the Trust contemplated by Section 3(b)(xv) or Section 5
cease to be true and correct in all material respects, (E) of the receipt by the Guarantor or the Trust of any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the
initiation or threatening of any proceeding for such purpose, or (F) at any time when a prospectus is required to be delivered under the Securities Act, that such registration statement, prospectus, prospectus amendment or supplement or
post-effective amendment does not conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder or contains an untrue statement of a
material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 
  
 (vii) use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of
such registration statement or any post-effective amendment thereto at the earliest practicable date; 
  
 (viii) if requested by any managing underwriter or underwriters, any placement or sales agent or any holder of Registrable Securities,
promptly incorporate in a prospectus supplement or post-effective amendment such information as is required by the applicable rules and regulations of the Commission and as such managing underwriter or underwriters, such agent or such holder
specifies should be included therein relating to the terms of the sale of such Registrable Securities, including information with respect to the principal amount of Registrable Securities being sold by such holder or agent or to any underwriters,
the name and description of such holder, agent or underwriter, the offering price of such Registrable Securities and any discount, commission or other compensation payable in respect thereof, the purchase price being paid therefor by such
underwriters and with respect to any other terms of the offering of the Registrable Securities to be sold by such holder or agent or to such underwriters; and make all required filings of such prospectus supplement or post-effective amendment
promptly after notification of the matters to be incorporated in such prospectus supplement or post-effective amendment; 
  
 (ix) furnish without charge to each holder of Registrable Securities, each placement or sales agent, if any, therefor, each underwriter,
if any, thereof and the respective counsel referred to in Section 3(b)(iv) an executed copy (or, in the case of a holder of Registrable Securities, a conformed copy) of such registration statement, each such amendment and supplement thereto (in each
case including all exhibits thereto (in the case of a holder of Registrable Securities, upon request) and documents incorporated by reference therein) and such number of copies of such registration statement (excluding 

  

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exhibits thereto and documents incorporated by reference therein unless specifically so requested by such holder, agent or underwriter, as the case may be)
and of the prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus), in conformity in all material respects with the applicable requirements of the Securities Act and the Trust Indenture
Act and the rules and regulations of the Commission thereunder, and such other documents, as such holder, agent, if any, and underwriter, if any, may reasonably request in order to facilitate the offering and disposition of the Registrable
Securities owned by such holder, offered or sold by such agent or underwritten by such underwriter and to permit such holder, agent and underwriter to satisfy the prospectus delivery requirements of the Securities Act; and the Guarantor and the
Trust hereby consent to the use of such prospectus (including such preliminary and summary prospectus) and any amendment or supplement thereto by each such holder and by any such agent and underwriter, in each case in the form most recently provided
to such person by the Guarantor or the Trust, in connection with the offering and sale of the Registrable Securities covered by the prospectus (including such preliminary and summary prospectus) or any supplement or amendment thereto; 
  
 (x) use its reasonable best efforts to (A) register or
qualify the Registrable Securities to be included in such registration statement under such securities laws or blue sky laws of such United States jurisdictions as any holder of such Registrable Securities and each placement or sales agent, if any,
therefor and underwriter, if any, thereof shall reasonably request, (B) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions during
the period the Shelf Registration is required to remain effective under Section 2(b) above and for so long as may be necessary to enable any such holder, agent or underwriter to complete its distribution of Securities pursuant to such registration
statement but in any event not later than the date through which the Guarantor and the Trust are required to keep the Shelf Registration Effective pursuant to Section 2(b) and (C) take any and all other actions as may be reasonably requested to
enable each such holder, agent, if any, and underwriter, if any, to consummate the disposition in such jurisdictions of such Registrable Securities; provided, however, that neither the Guarantor nor the Trust shall be required for any such purpose
to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(b)(x), (2) consent to general service of process in any such jurisdiction or (3) make any
changes to its certificate of incorporation or by-laws or any agreement between it and its stockholders; 
  
 (xi) use its reasonable best efforts to obtain the consent or approval of each governmental agency or authority, whether federal, state or
local, which may be required to be obtained by the Guarantor or the Trust to effect the Shelf Registration or the offering or sale in connection therewith or to enable the selling holder or holders to offer, or to consummate the disposition of,
their Registrable Securities; 
  
 (xii) cooperate
with the holders of the Registrable Securities and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall be printed, lithographed
or engraved, or produced by any combination of such methods, and which shall not bear any restrictive legends, except as may be required by applicable law; and, in the case of an underwritten offering, enable such Registrable Securities to be in
such denominations and registered in such names as the managing underwriters may request at least two business days prior to any sale of the Registrable Securities; 
  

 10 

 (xiii) provide a CUSIP number for all applicable Registrable Securities, not later than
the Effective Time; 
  
 (xiv) enter into one or
more underwriting agreements, engagement letters, agency agreements, “best efforts” underwriting agreements or similar agreements, as appropriate, including customary provision agreed to by the Guarantor relating to indemnification and
contribution, and take such other actions in connection therewith as any holders of Registrable Securities aggregating at least 33 % in aggregate principal amount of the Registrable Securities at the time outstanding shall reasonably request in
order to expedite or facilitate the disposition of such Registrable Securities; provided, that the Guarantor and the Trust shall not be required to enter into any such agreement more than once with respect to all of the Registrable Securities
and may delay entering into such agreement until the consummation of any underwritten public offering which the Guarantor shall have then undertaken; 
  
 (xv) whether or not an agreement of the type referred to in Section (3)(b)(xiv) hereof is entered into and whether or not any portion of
the offering contemplated by such registration statement is an underwritten offering or is made through a placement or sales agent or any other entity, (A) make such representations and warranties to the holders of such Registrable Securities and
the placement or sales agent, if any, therefor and the underwriters, if any, thereof in form, substance and scope as are customarily made by the Guarantor in connection with an offering of debt securities pursuant to any appropriate agreement or to
a registration statement filed on the form applicable to the Shelf Registration; (B) obtain an opinion of counsel to the Guarantor and an opinion of counsel to the Trust in each case in customary form and covering such matters, of the type
customarily covered by such an opinion, and in the case of the Guarantor as customarily given in public offerings of the Guarantor’s debt securities as the managing underwriters, if any, or as any holders of at least 25% in aggregate principal
amount of the Registrable Securities at the time outstanding may reasonably request, addressed to such holder or holders and the placement or sales agent, if any, therefor and the underwriters, if any, thereof and dated the effective date of such
registration statement (and if such registration statement contemplates an underwritten offering of a part or all of the Registrable Securities, dated the date of the closing under the underwriting agreement relating thereto); (C) obtain a
“cold comfort” letter or letters from the independent certified public accountants of the Guarantor addressed to the selling holders of Registrable Securities, the placement or sales agent, if any, therefor or the underwriters, if any,
thereof, dated (i) the effective date of such registration statement and (ii) the effective date of any prospectus supplement to the prospectus included in such registration statement or post-effective amendment to such registration statement which
includes audited financial statements as of a date or for a period subsequent to that of the latest such statements included in such prospectus (and, if such registration statement contemplates an underwritten offering pursuant to any prospectus
supplement to the prospectus included in such registration statement or post-effective amendment to such registration statement which includes unaudited or audited financial statements as of a date or for a period subsequent to that of the latest
such statements included in such prospectus, dated the date of the closing under the underwriting agreement relating thereto), such letter or letters to be in customary form and covering such matters of the type customarily covered by letters of
such type in public offerings of debt securities of the Guarantor; (D) deliver such documents and certificates, including officers’ or trustees’ or Administrative Trustees’ certificates, as applicable, as may be reasonably requested
by any holders of at least 25% in aggregate principal amount of the Registrable 

  

 11 

 
Securities at the time outstanding or the placement or sales agent, if any, therefor and the managing underwriters, if any, thereof to evidence the accuracy
of the representations and warranties made pursuant to clause (A) above or those contained in Section 5(a) hereof and the compliance with or satisfaction of any agreements or conditions contained in the underwriting agreement or other agreement
entered into by the Guarantor or the Trust, as applicable; and (E) undertake such obligations relating to expense reimbursement, indemnification and contribution as are provided in Section 6 hereof; 
  
 (xvi) notify in writing each holder of Registrable
Securities of any proposal by the Guarantor and/or the Trust to amend or waive any provision of this Registration Rights Agreement pursuant to Section 9(h) hereof and of any amendment or waiver effected pursuant thereto, each of which notices shall
contain the text of the amendment or waiver proposed or effected, as the case may be; 
  
 (xvii) in the event that any broker-dealer registered under the Exchange Act shall underwrite any Registrable Securities or participate as
a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Rules of Conduct Practice and the By-Laws of the National Association of Securities Dealers, Inc. (“NASD”) or any
successor thereto, as amended from time to time) thereof, whether as a holder of such Registrable Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or otherwise, assist such broker-dealer in
complying with the requirements of such Rules and By-Laws, including by (A) if such Rules shall so require, permitting a “qualified independent underwriter” (as defined in such Schedule (or any successor thereto)) to participate in the
preparation of the registration statement relating to such Registrable Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated by such registration statement is an underwritten
offering or is made through a placement or sales agent, to recommend the yield of such Registrable Securities, (B) indemnifying any such qualified independent underwriter to the extent of the indemnification of underwriters provided in Section 6
hereof, and (C) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules of Conduct of the NASD; and 
  
 (xviii) make generally available to its security holders as
soon as practicable but in any event not later than eighteen months after the effective date of such registration statement, an earning statement of the Guarantor and its subsidiaries complying with Section 11(a) of the Securities Act (including, at
the option of the Guarantor, Rule 158 thereunder). 
  
 In case
any of the foregoing obligations is dependent upon information provided or to be provided by a party other than the Guarantor or the Trust, such obligation shall be subject to the provision of such information. 
  
 (c) In the event that the Guarantor and the Trust would be
required, pursuant to Section 3(b)(vi)(F) above, to notify the selling holders of Registrable Securities, the placement or sales agent, if any, therefor and the managing underwriters, if any, thereof, the Guarantor and the Trust shall promptly
prepare and furnish to each such holder, to each placement or sales agent, if any, and to each such underwriter, if any, a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of
Registrable Securities, such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder and 

  

 12 

 
shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in light of the circumstances then existing. Each holder of Registrable Securities agrees that upon receipt of any notice from the Guarantor or the Trust, pursuant to Section 3(b)(vi)(F) hereof, such holder shall forthwith
discontinue the disposition of Registrable Securities pursuant to the registration statement applicable to such Registrable Securities until such holder (i) shall have received copies of such amended or supplemented prospectus and, if so directed by
the Guarantor or the Trust, such holder shall deliver to the Guarantor (at the Guarantor’s expense) all copies, other than permanent file copies, then in such holder’s possession of the prospectus covering such Registrable Securities at
the time of receipt of such notice or (ii) shall have received notice from the Guarantor or the Trust that the disposition of Registrable Securities pursuant to the Shelf Registration may continue. 
  
 (d) The Guarantor and the Trust may require each holder of
Registrable Securities as to which any registration pursuant to Section 2(b) is being effected to furnish to the Guarantor such information regarding such holder and such holder’s intended method of distribution of such Registrable Securities
as the Guarantor and the Trust may from time to time reasonably request in writing, but only to the extent that such information is required in order to comply with the Securities Act. Each such holder agrees to notify the Guarantor and the Trust as
promptly as practicable of any inaccuracy or change in information previously furnished by such holder to the Guarantor and the Trust or of the occurrence of any event in either case as a result of which any prospectus relating to such registration
contains or would contain an untrue statement of a material fact regarding such holder or such holder’s intended method of disposition of such Registrable Securities or omits to state any material fact regarding such holder or such
holder’s intended method of disposition of such Registrable Securities required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and promptly to furnish to the
Guarantor and the Trust any additional information required to correct and update any previously furnished information or required so that such prospectus shall not contain, with respect to such holder or the disposition of such Registrable
Securities, an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. 
  
 (e) Until the expiration of two years after the Closing
Date, the Guarantor will not, and will not permit any of its “affiliates” (as defined in Rule 144) to, resell any of the Capital Securities or Debentures that have been reacquired by any of them except pursuant to an effective registration
statement under the Act. 
  
 (f) In connection
with the Guarantor’s and the Trust’s obligations with respect to the registration of Exchange Securities as contemplated by Section 2(a) (the “Exchange Registration”), if applicable, the Guarantor and the Trust shall, as soon as
reasonably practicable (or as otherwise specified): 
  
 (i) prior to the effectiveness of the Exchange Offer Registration Statement, the Guarantor and the Trust shall provide a supplemental letter to the Commission (A) stating that the Guarantor and the Trust are registering the Exchange Offer
in reliance on the position of the Commission enunciated in Exxon Capital Holdings Corporation (available May 13, 1988), Morgan Stanley and Co., Inc. (available June 5, 1991), Brown & Wood LLP (available February 7, 1997)
and, if applicable, any no-action letter obtained pursuant to clause (i) above and (B) including a representation that each of the Guarantor and the Trust has not entered into any arrangement or understanding with any 

  

 13 

 
person to distribute the Exchange Securities to be received in the Exchange Offer and that, to the best of the Guarantor’s and the Trust’s
information and belief, each Holder participating in the Exchange Offer is acquiring the Exchange Securities in its ordinary course of business and has no arrangement or understanding with any person to participate in the distribution of the
Exchange Securities received in the Exchange Offer. 
  
 (ii) prepare and file with the Commission such amendments and supplements to the Exchange Offer Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness thereof for the periods
and purposes contemplated in Section 2(a) hereof and as may be required by the applicable rules and regulations of the Commission and the instructions applicable to the form of the Exchange Offer Registration Statement, and promptly provide each
broker-dealer holding Exchange Securities with such number of copies of the prospectus included therein (as then amended or supplemented), in conformity in all material respects with the requirements of the Securities Act and the Trust Indenture Act
and the rules and regulations of the Commission thereunder, as such broker-dealer reasonably may request prior to the expiration of the Resale Period, for use in connection with resales of Exchange Securities; 
  
 (iii) promptly notify each broker-dealer that has requested
or received copies of the prospectus included in the Exchange Offer Registration Statement, and confirm such advice in writing, (A) when the Exchange Offer Registration Statement or the prospectus included therein or any prospectus amendment or
supplement or post-effective amendment has been filed, and, with respect to the Exchange Offer Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the blue sky or
securities commissioner or regulator of any state with respect thereto or any request by the Commission for amendments or supplements to the Exchange Offer Registration Statement or prospectus or for additional information, (C) of the issuance by
the Commission of any stop order suspending the effectiveness of the Exchange Offer Registration Statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the Guarantor
and/or the Trust contemplated by Section 5 cease to be true and correct in all material respects, (E) of the receipt by the Guarantor or the Trust of any notification with respect to the suspension of the qualification of the Exchange Securities for
sale in any United States jurisdiction or the initiation or threatening of any proceeding for such purpose, or (F) at any time during the Resale Period when a prospectus is required to be delivered under the Securities Act, that the Exchange Offer
Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment does not conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and
regulations of the Commission thereunder or contains an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then
existing; 
  
 (iv) in the event that the
Guarantor and the Trust would be required, pursuant to Section 3(f)(ii)(F) above, to notify any broker-dealers holding Exchange Securities, promptly prepare and furnish to each such holder a reasonable number of copies of a prospectus supplemented
or amended so that, as thereafter delivered to purchasers of such Exchange Securities during the Resale Period, such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act
and the rules and regulations of the Commission thereunder and shall not 

  

 14 

 
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not
misleading in light of the circumstances then existing or notify such broker-dealers that the date of Exchange Securities pursuant to the Exchange Offer Registration Statement may continue; 
  
 (v) use its reasonable best efforts to obtain the withdrawal
of any order suspending the effectiveness of the Exchange Offer Registration Statement or any post-effective amendment thereto at the earliest practicable date; 
  
 (vi) use its reasonable best efforts to (A) register or qualify the Exchange Securities under the securities
laws or blue sky laws of such jurisdictions as are contemplated by Section 2(a) no later than the commencement of the Exchange Offer, (B) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance
of offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period and (C) take any and all other actions as may be reasonably necessary or advisable to enable each broker-dealer holding Exchange Securities to
consummate the disposition thereof in such jurisdictions; provided, however, that neither the Guarantor nor the Trust shall be required for any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not
otherwise be required to qualify but for the requirements of this Section 3(f)(v), (2) consent to general service of process in any such jurisdiction or (3) make any changes to its certificate of incorporation or by-laws or any agreement between it
and its stockholders; 
  
 (vii) use its
reasonable best efforts to obtain the consent or approval of each United States governmental agency or authority, whether federal, state or local, which may be required to be obtained by the Guarantor or the Trust to effect the Exchange
Registration, the Exchange Offer and the offering and sale of Exchange Securities by broker-dealers during the Resale Period; 
  
 (viii) provide a CUSIP number for all applicable Exchange Securities, not later than the applicable Effective Time; 
  
 (ix) make generally available to its security holders as
soon as practicable but no later than eighteen months after the effective date of such registration statement, an earning statement of the Guarantor and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the option of
the Guarantor, Rule 158 thereunder). 
  
 In case any of the
foregoing obligations is dependent upon information provided or to be provided by a party other than the Guarantor or the Trust, such obligation shall be subject to the provision of such information. 
  

	 	4.	Registration Expenses. 

  
 The Guarantor agrees to bear and to pay or cause to be paid promptly upon request being made therefor all expenses incident to the Guarantor’s and
the Trust’s performance of or compliance with this Registration Rights Agreement, including (a) all Commission and any NASD registration and filing fees and expenses, (b) all fees and expenses in connection with the qualification of the
Securities or Exchange Securities for offering and sale under the State securities and blue sky laws referred to in Section 3(b)(x) and Section 3(f)(v) hereof, including reasonable fees and disbursements of one counsel for the placement or sales
agent or underwriters in connection with such qualifications, (c) all expenses relating to the preparation, printing, distribution and reproduction of each registration statement required to be filed 

  

 15 

 
hereunder, each prospectus included therein or prepared for distribution pursuant hereto, each amendment or supplement to the foregoing, the certificates
representing the Securities and all other documents relating hereto, (d) messenger and delivery expenses, (e) fees and expenses of the Trustee under the Indenture, the Property Trustee and Debenture Trustee under the Trust Agreement and the
Guarantee Trustee under the Guarantee and of any escrow agent or custodian, (f) internal expenses (including all salaries and expenses of the Guarantor’s officers and employees performing legal or accounting duties), (g) fees, disbursements and
expenses of counsel and independent certified public accountants of the Guarantor (including the expenses of any opinions or “cold comfort” letters required by or incident to such performance and compliance) and (h) reasonable fees,
disbursements and expenses of one counsel for the holders of Registrable Securities retained in connection with a Shelf Registration, as selected by the holders of at least a majority in aggregate principal amount of the Registrable Securities being
registered, and fees, expenses and disbursements of any other persons, including special experts, retained by the Guarantor in connection with such registration (collectively, the “Registration Expenses”). To the extent that any
Registration Expenses are incurred, assumed or paid by any holder of Registrable Securities or any placement or sales agent therefor or underwriter thereof, the Guarantor shall reimburse such person for the full amount of the Registration Expenses
so incurred, assumed or paid promptly after receipt of a request therefor. Notwithstanding the foregoing, the holders of the Registrable Securities being registered shall pay all agency fees and commissions and underwriting discounts and commissions
attributable to the sale of such Registrable Securities and the fees and disbursements of any counsel or other advisors or experts retained by such holders (severally or jointly), other than the counsel and experts specifically referred to above.

  

	 	5.	Representations and Warranties. 

  
 Each of the Guarantor and the Trust represents and warrants to, and agrees with, the Purchaser and each of the holders from time to time of Registrable
Securities that: 
  
 (a) Each registration
statement covering Registrable Securities and each prospectus (including any preliminary or summary prospectus) contained therein or furnished pursuant to Section 3(c) or Section 3(f) hereof and any further amendments or supplements to any such
registration statement or prospectus, when it becomes effective or is filed with the Commission, as the case may be, and, in the case of an underwritten offering of Registrable Securities, at the time of the closing under the underwriting agreement
relating thereto, will conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder and will not contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and at all times subsequent to the Effective Time when a prospectus would be required to be delivered under the
Securities Act, other than from (i) such time as a notice has been given to holders of Registrable Securities pursuant to Section 3(b)(vi)(F) or Section 3(f)(ii)(F) hereof until (ii) such time as the Guarantor furnishes an amended or supplemented
prospectus pursuant to Section 3(c) or Section 3(f)(iii) hereof, each such registration statement, and each prospectus (including any summary prospectus) contained therein or furnished pursuant to Section 3(b) or Section 3(f) hereof, as then amended
or supplemented, will conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and the rules and regulations of the Commission thereunder and will not contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; provided, however, that this representation and warranty shall not
apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Guarantor and the Trust by a holder of Registrable Securities expressly for use therein. 
  

 16 

 (b) Any documents incorporated by reference in any prospectus referred to in Section 5(a)
hereof, when they become or became effective or are or were filed with the Commission, as the case may be, will conform or conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable, and none of
such documents will contain or contained an untrue statement of a material fact or will omit or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that
this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Guarantor and the Trust by a holder of Registrable Securities expressly for use
therein. 
  
 (c) The compliance by the Guarantor
and the Trust with all of the provisions of this Registration Rights Agreement and the consummation of the transactions herein contemplated will not constitute a breach of or default under, the corporate charter or by laws of the Guarantor, or the
Trust Agreement of the Trust, or any material agreement, indenture or instrument relating to indebtedness for money borrowed to which the Guarantor or to the best knowledge of the Guarantor, the Trust is a party or, to the best knowledge of the
Guarantor, the Trust, as applicable, any law, order, rule, regulation or decree of any court or governmental agency or authority located in the United States having jurisdiction over the Guarantor or any property of the Guarantor or the Trust or any
property of the Trust, as applicable; and, to the best knowledge of the Guarantor and the Trust, no consent, authorization or order of, or filing or registration with, any court or governmental agency or authority is required for the consummation by
the Guarantor or the Trust, as applicable, of the transactions contemplated by this Registration Rights Agreement, except the registration under the Securities Act contemplated hereby, qualification of the Indenture, the Guarantee and the Trust
Agreement under the Trust Indenture Act and such consents, approvals, authorizations, registrations or qualifications as may be required under State securities or blue sky laws. 
  
 (d) This Registration Rights Agreement has been duly authorized, executed and delivered by the Guarantor or
the Trust, as applicable. 
  

	 	6.	Indemnification. 

  
 (a) Upon the registration of the Registrable Securities pursuant to Section 2(a) or 2(b) hereof, and in consideration of the agreements of
the Purchaser contained herein, and as an inducement to the Purchaser to purchase the Capital Securities, each of the Guarantor and the Trust shall, and it hereby agrees jointly and severally to, indemnify and hold harmless each of the holders of
Registrable Securities to be included in such registration, and each person who participates as a placement or sales agent or as an underwriter in any offering or sale of such Registrable Securities or the Exchange Securities, the officers and
employees of any such person and each person who controls any such person within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (each such holder of Registrable Securities, placement agent, sales agent,
underwriter, officer, employee and controlling person, a “Participant”) against any losses, claims, damages or liabilities, joint or several, to which such Participant may become subject under the Securities Act, the Exchange Act or other
federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a
material fact contained in any registration statement under which such Registrable Securities were registered under the Securities Act, or any preliminary, final or summary prospectus contained therein or furnished by the Guarantor or the Trust to
any such Participant, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the 

  

 17 

 
statements therein not misleading and each of the Guarantor and the Trust shall, and it hereby agrees jointly and severally to, reimburse each such
Participant promptly upon demand for any legal or other expenses reasonably incurred by it in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action; provided, however, that
the Guarantor and the Trust shall not be liable to any such person in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged
omission made in such registration statement, or preliminary, final or summary prospectus, or amendment or supplement thereto, in reliance upon and in conformity with written information concerning such person furnished to the Guarantor and the
Trust by such person expressly for use therein. This indemnity agreement will be in addition to any liability which the Guarantor or the Trust may otherwise have. 
  
 (b) The Guarantor and the Trust may require, as a condition to including any Registrable Securities in any
registration statement filed pursuant to Section 2(b) hereof and to entering into any underwriting agreement with respect thereto, that the Guarantor and the Trust shall have received an undertaking reasonably satisfactory to it from the holder of
such Registrable Securities and from each underwriter named in any such underwriting agreement, severally and not jointly, to indemnify and hold harmless the Guarantor and the Trust, each of the Trust’s Trustees, each of the Guarantor’s
directors, officers and employees and each person who controls the Guarantor or the Trust within the meaning of either the Securities Act or the Exchange Act, to the same extent as the foregoing indemnity from the Guarantor and the Trust, but only
with reference to written information concerning such person furnished to the Guarantor and the Trust by or on behalf of such person specifically for use in any registration statement, or any preliminary or final or summary prospectus contained
therein or any amendment or supplement thereto. This indemnity agreement will be in addition to any liability which any such person may otherwise have. 
  
 (c) Promptly after receipt by an indemnified party under Section 6(a) or (b) of notice of the commencement of any action, such indemnified
party will, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the indemnifying party in writing of the claim or the commencement of that action; provided, however, that the failure to
notify the indemnifying party shall not relieve the indemnifying party from any liability which it may have under this Section 6 except to the extent it has been materially prejudiced by such failure and, provided further, that the failure to
notify the indemnifying party shall not relieve it from any liability which it may have to an indemnified party otherwise than under this Section 6. If any such claim or action shall be brought against an indemnified party, and it shall notify the
indemnifying party thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it wishes, jointly with any other similarly notified indemnifying party, to assume the defense thereof with counsel satisfactory to
the indemnified party. After notice from the indemnifying party to the indemnified party of its election to assume the defense of such claim or action, the indemnifying party shall not be liable to the indemnified party under this Section 6 for any
legal or other expenses subsequently incurred by the indemnified party in connection with the defense thereof other than reasonable costs of investigation; provided, however, that the Participants shall have the right to employ separate
counsel to represent jointly the Participants and their respective officers, employees and controlling persons who may be subject to liability arising out of any claim in respect of which indemnity may be sought by such Participants against the
Guarantor and the Trust under this Section 6 if, in the reasonable judgment of such Participants, it is advisable for such Participants and their respective officers, employees and controlling persons to be jointly represented by separate counsel,
and in that event the fees and expenses of such separate counsel shall be paid by the Guarantor and the Trust. In any such case the Guarantor and the Trust shall not, in connection with any action or separate but substantially 

  

 18 

 
similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the fees and expenses of more
than one separate firm of attorneys (in addition to any local counsel) designated by the Purchaser. No indemnifying party shall (i) without the prior written consent of the indemnified parties (which consent shall not be unreasonably withheld),
settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified
parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or proceeding, or
(ii) be liable for any settlement of any such action effected without its written consent (which consent shall not be unreasonably withheld), but if settled with its written consent or if there be a final judgment of the plaintiff in any such
action, the indemnifying party agrees to indemnify and hold harmless any indemnified party from and against any loss or liability by reason of such settlement or judgment. 
  
 (d) Each party hereto agrees that, if for any reason the indemnification provisions contemplated by Section
6(a) or Section 6(b) are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute
to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the
indemnified party in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative fault of such
indemnifying party and indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information
supplied by such indemnifying party or by such indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be
just and equitable if contributions pursuant to this Section 6(d) were determined by pro rata allocation (even if the Participants were treated as one entity for such purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in this Section 6(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages, or liabilities (or actions in respect thereof) referred to above shall be deemed to include any
legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no holder shall be required to contribute any
amount in excess of the amount by which the dollar amount of the proceeds received by such holder from the sale of any Registrable Securities (after deducting any fees, discounts and commissions applicable thereto) exceeds the amount of any damages
which such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and no underwriter shall be required to contribute any amount in excess of the amount by which the total price
at which the Registrable Securities underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages which such underwriter has otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. The Participants’ obligations in this Section 6(d) to contribute shall be several in proportion to the principal amount of Registrable Securities registered or underwritten, as the case may be, by them and not joint.

  

 19 

	 	7.	Underwritten Offerings. 

  
 (a) Selection of Underwriters. If any of the Registrable Securities covered by the Shelf Registration are to be sold pursuant to an
underwritten offering, the managing underwriter or underwriters thereof shall be designated by the holders of at least a majority in aggregate principal amount of the Registrable Securities to be included in such offering, provided that such
designated managing underwriter or underwriters is or are reasonably acceptable to the Guarantor. 
  
 (b) Participation by Holders. Each holder of Registrable Securities hereby agrees with each other such holder that no such holder
may participate in any underwritten offering hereunder unless such holder (i) agrees to sell such holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled hereunder to approve such
arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 
  

	 	8.	Rule 144. 

  
 The Guarantor covenants to the holders of Registrable Securities that the Guarantor shall use its reasonable best efforts to timely file the reports
required to be filed by it under the Exchange Act or the Securities Act (including the reports under Section 13 and 15(d) of the Exchange Act referred to in subparagraph (c)(1) of Rule 144 adopted by the Commission under the Securities Act) and the
rules and regulations adopted by the Commission thereunder, and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable
Securities without registration under the Securities Act within the limitations of the exemption provided by Rule 144 under the Securities Act, as such Rule may be amended from time to time, or any similar or successor rule or regulation hereafter
adopted by the Commission. Upon the request of any holder of Registrable Securities in connection with that holder’s sale pursuant to Rule 144, the Guarantor shall deliver to such holder a written statement as to whether it has complied with
such requirements. 
  

	 	9.	Miscellaneous. 

  
 (a) No Inconsistent Agreements. Each of the Guarantor and the Trust represents, warrants, covenants and agrees that it has not
granted, and shall not grant, registration rights with respect to Registrable Securities which would be inconsistent with the terms contained in this Registration Rights Agreement. 
  
 (b) Specific Performance. The parties hereto acknowledge that there would be no adequate remedy at
law if any party fails to perform any of its obligations hereunder and that each party may be irreparably harmed by any such failure, and accordingly agree that each party, in addition to any other remedy to which it may be entitled at law or in
equity, shall be entitled to compel specific performance of the obligations of any other party under this Registration Rights Agreement in accordance with the terms and conditions of this Registration Rights Agreement, in any court of the United
States or any State thereof having jurisdiction. 
  
 (c) Notices. All notices, requests, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand, if delivered personally or by courier, or three
days after being deposited in the mail (registered or certified mail, postage prepaid, return receipt requested) as follows: If to the 

  

 20 

 
Guarantor, to it at Cullen/Frost Bankers, Inc., 100 West Houston, San Antonio, Texas 78205, Attention: Corporate Counsel; and if to the Trust, to it at
Cullen/Frost Capital Trust II, c/o The Bank of New York (Delaware), White Clay Center, Route 273, Newark, Delaware 19711, Attention: Corporate Trust Department; and if to a holder, to the address of such holder set forth in the security register or
other records of the Trust or the Guarantor, as the case may be, or to such other address as the Guarantor, the Trust or any such holder may have furnished to the other in writing in accordance herewith, except that notices of change of address
shall be effective only upon receipt. 
  
 (d)
Parties in Interest. All the terms and provisions of this Registration Rights Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the respective successors and assigns of the parties hereto. In the event
that any transferee of any holder of Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any
kind, be deemed a party hereto for all purposes and such Registrable Securities shall be held subject to all of the terms of this Registration Rights Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled
to receive the benefits of, and be conclusively deemed to have agreed to be bound by and to perform, all of the applicable terms and provisions of this Registration Rights Agreement. 
  
 (e) Survival. The respective indemnities, agreements, representations, warranties and each other
provision set forth in this Registration Rights Agreement or made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement as to the results thereof) made by or on behalf of any holder of Registrable
Securities, any director, officer or partner of such holder, any agent or underwriter or any director, officer or partner thereof, or any controlling person of any of the foregoing, and shall survive delivery of and payment for the Registrable
Securities pursuant to the Purchase Agreement and the transfer and registration of Registrable Securities by such holder and the consummation of an Exchange Offer. 
  
 (f) GOVERNING LAW. THIS REGISTRATION RIGHTS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. 
  
 (g) Headings. The descriptive headings of the several Sections and paragraphs of this Registration Rights Agreement are inserted for convenience only, do not constitute a part of this Registration Rights
Agreement and shall not affect in any way the meaning or interpretation of this Registration Rights Agreement. 
  
 (h) Entire Agreement; Amendments. This Registration Rights Agreement and the other writings referred to herein (including the Trust
Agreement, the Guarantee and the Indenture) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. This Registration Rights Agreement supersedes all prior agreements
and understandings between the parties with respect to its subject matter. This Registration Rights Agreement may be amended and the observance of any term of this Registration Rights Agreement may be waived (either generally or in a particular
instance and either retroactively or prospectively) only by a written instrument duly executed by the Guarantor, the Trust and the holders of at least a majority in aggregate principal amount of the Registrable Securities at the time outstanding.
Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any amendment or waiver effected pursuant to this Section 9(h), whether or not any notice, writing or marking indicating such amendment or waiver
appears on such Registrable Securities or is delivered to such holder. 
  

 21 

 (i) Inspection. For so long as this Registration Rights Agreement shall be in
effect, this Registration Rights Agreement and a complete list of the names and addresses of all the holders of Registrable Securities shall be made available for inspection and copying on any business day by any holder of Registrable Securities for
proper purposes only (which shall include any purpose related to the rights of the holders of Registrable Securities under the Securities, the Indenture and this Registration Rights Agreement) at the offices of the Guarantor at the address thereof
set forth in Section 9(c) above, at the office of the Property Trustee or at the office of the Trustee under the Indenture. 
  
 (j) Counterparts. This Registration Rights Agreement may be executed by the parties in counterparts, each of which shall be deemed
to be an original, but all such respective counterparts shall together constitute one and the same instrument. 
  

 22 

 Agreed to and accepted as of the date referred to above. 
  

					
	 CULLEN/FROST CAPITAL TRUST II

		
	 By:
	 	 /s/ Jerry Salinas

	 	 	

	 	 	 Name:
	 	 Jerry Salinas

	 	 	 Title:
	 	 Administrative Trustee

  

					
	 CULLEN/FROST BANKERS, INC.

		
	 By:
	 	 /s/ Phillip D. Green

	 	 	

	 	 	 Name:
	 	 Phillip D. Green

	 	 	 Title:
	 	 Group Executive Vice President
 Chief Financial Officer

  

					
	 LEHMAN BROTHERS INC.

		
	 By:
	 	 /s/ Martin Goldberg

	 	 	

	 	 	 Name:
	 	 Martin Goldberg

	 	 	 Title:
	 	 Senior Vice PresidentAmendments to Stock Bonus Plan

 EXHIBIT 4.4 
  

AMENDMENT NO. ONE TO THE 
 LEGGETT
& PLATT, INCORPORATED STOCK BONUS PLAN 
 (AS LAST RESTATED AS OF JANUARY 1, 2002) 
  
 The undersigned officer of Leggett & Platt, Incorporated (the
“Sponsoring Employer”), in accordance with authority delegated pursuant to the resolutions of the Board of Directors of the Sponsoring Employer on May 8, 2002 (copy attached), hereby adopts and enters into Amendment No. One to the Leggett
& Platt, Incorporated Stock Bonus Plan, a copy of which is attached hereto as Exhibit A and incorporated herein by reference, effective as of January 1, 2003. Also attached and incorporated herein by reference is a summary of the changes
contained in this amendment. 
  
 I hereby certify that this
amendment is within my authority to adopt. 
  
 Dated December 20,
2002. 
  

	
	LEGGETT & PLATT, INCORPORATED
	
	 /s/ JOHN HALE

	 John Hale
 Vice President – Human
Resources

 (A) Section 1.13 is amended to read in its entirety as follows: 
  
 1.13. Compensation Base. The term “Compensation Base” for
any Employee who was a Plan Participant on December 31, 1983, shall mean that portion of a Participant’s Compensation in excess of the amount of Social Security Covered Compensation or hourly rate set opposite his year of birth in the
appropriate column of the table below (on the basis of either (i) the appropriate hourly rate in the case of an hourly rate Employee or (ii) the frequency of the Participant’s compensation payments in the case of a non-hourly rate Employee):

  

													
	 Year
 of
 Birth

	  	 Hourly
 Rate

	  	 Weekly
 Covered
 Compensation

	  	 Biweekly
 Covered
 Compensation

	  	 Monthly
 Covered
 Compensation

	 1911 or before
	  	$	3.46	  	$	138	  	$	277	  	$	600
	 1912-1913
	  	 	3.75	  	 	150	  	 	300	  	 	650
	 1914-1915
	  	 	4.05	  	 	162	  	 	323	  	 	700
	 1916-1917
	  	 	4.33	  	 	173	  	 	346	  	 	750
	 1918-1921
	  	 	4.62	  	 	185	  	 	369	  	 	800
	 1922-1925
	  	 	4.90	  	 	196	  	 	392	  	 	850
	 1926-1930
	  	 	5.19	  	 	208	  	 	415	  	 	900
	 1931-1932
	  	 	5.48	  	 	219	  	 	438	  	 	950
	 1933-1934
	  	 	5.77	  	 	231	  	 	462	  	 	1,000
	 1935 and later
	  	 	5.97	  	 	239	  	 	478	  	 	1,035

  
 The term
“Compensation Base” for any Employee who was not a Plan Participant on December 31, 1983, but who became a Plan Participant between January 1, 1984 and December 31, 1986, shall mean that portion of a Participant’s Compensation in
excess of the amount of Social Security Covered Compensation or hourly rate specified below (on the basis of either (i) the hourly rate in the case of an hourly rate Employee or (ii) on the basis of the frequency of the Participant’s
Compensation payments in the case of a non-highly rate Employee): 
  

										
	 Hourly
 Rate

	  	 Weekly
 Covered
 Compensation

	  	 Biweekly
 Covered
 Compensation

	  	 Monthly
 Covered
 Compensation

	 $ 5.97
	  	$	239	  	$	478	  	$	1,035

  
 The term
“Compensation Base” for any Employee who was not a Participant on December 31, 2002, shall mean $33,637. The term “Compensation Base” for any Accounting Year after 2002 shall mean the Compensation Base for the immediately
preceding Accounting Year increased by the merit budget percentage guideline which was approved by the Board of Directors for the immediately preceding Accounting Year for salaried and clerical hourly employees defined as average performers, rounded
down to the next whole percentage. 
  

 2 

 (B) Subsection 2.02(a) is amended to read in its entirety as follows: 
  
 2.02. Employee Contributions. Each Eligible Employee may make
contributions to the Trust Fund in accordance with the following: 
  
 2.02(a). Employee Pre-Tax Contributions. For each Accounting Year beginning on or after January 1, 2003, each Eligible Employee whose annual Compensation for the applicable Accounting Year is expected to exceed the Compensation Base
(as defined in Section 1.13) for such Accounting Year shall be provided with an enrollment form by the Committee on which he may authorize that pre-tax Employee contributions be withheld, by payroll deduction, equal to: 
  
 two percent (2%); or, 
 three percent (3%); or, 
 four percent (4%); or, 
 five percent (5%); or, 
 six percent (6%).

  
 of his Compensation for the Accounting Year which is in excess of: 

 
 $24,213 annually, or 
 $931 biweekly, or 
 $466 weekly, or 

$11.64 hourly. 
  
 The Committee shall notify each Participant in the Plan within a reasonable period of time prior to December 31, 2001, that the rate of Participant
nondeductible contributions the Participant is making to the Plan will continue after December 31, 2001 as Employee salary reduction pre-tax contributions, unless the Participant notifies the Committee, on a form that will be furnished the
Participant by the Committee, that he does not wish to continue his payroll deduction contributions on a pre-tax basis. 
  
 After 2002, the above threshold amounts shall be increased by the same percentage (and pursuant to the same formula) by which the Compensation Base for
Employees who become Participants on and after January 1, 2002 is increased in accordance with the provisions of Section 1.13 hereof. 
  
 Notwithstanding the above, any Eligible Employee who became a Participant prior to January 1, 1987, and who is not a Highly Compensated Employee, and who
is otherwise eligible to participate in this Plan may authorize annual contributions of a dollar amount which is at least equal to the dollar amount the Eligible Employee contributed to this Plan for 1988. 
  
 Each Eligible Employee whose annual Compensation for the applicable
Accounting Year is not expected to exceed the Compensation Base (as defined in Section 1.13) for such Accounting Year (and who is a salaried Employee), shall be provided an enrollment form by the Committee on which he may authorize that pre-tax.
Employee contributions be withheld, by payroll deduction, equal to not less than five dollars ($5.00) per biweekly payroll period nor more than twenty dollars ($20.00) per biweekly payroll period; provided that the amount shall be in whole dollars.

  
 Prior to January 1, 2002, this Plan provided that Participant
contributions would be made on a nondeductible or after-tax basis. Effective from and after January 1, 2002, Participant nondeductible or after-tax contributions to this Plan are neither required nor permitted. 
  

 3 

 A Participant may only change the rate of his contributions at any time by a written notice to the
Committee on a form provided by the Committee. The change of rate of pre-tax employee contributions shall be made as of the beginning of the next payroll period starting after receipt of the Participant’s written notice by the Corporate Human
Resources Department of the Sponsoring Employer. 
  
 *             *            * 
  
 (C) Subsection 4.08(a) is amended to read in its entirety as follows: 
  
 4.08. Diversified Investments for Certain Participants and Accounts. If a Participant who is an active Employee has completed at least five (5)
years of Participation in the Plan and has Attained Age thirty-five (35) he may elect to diversify the investments in his Accounts and future Employee Pre-Tax Contributions as hereinafter provided. 
  
 4.08(a). Existing Account/Diversification Out of Employer Stock. An
eligible Participant may diversify part or all of the whole shares of Employer Stock credited to his Participant After-Tax Contributions, Employee Pre-Tax Contributions and, if applicable, Employer Contributions Accounts/Stock as hereinafter
provided: 
  

					
	 If an eligible Participant’s
 Attained Age is:

	 	 Then he may diversify the
 following percentage of his
 Participant After-Tax and/or
 Employee Pre-Tax
 Contributions Account/Stock

	 	 And he may also diversify the
 following percentage of his
 Employer
Contributions
 Account/Stock

	 35-39
	 	Up to 25%	 	None
	 40-44
	 	Up to 50%	 	None
	 45-49
	 	Up to 75%	 	None
	 50-59
	 	Up to 100%	 	Up to 50%
	 60 or older
	 	Up to 100%	 	Up to 100%

  
 The applicable
percentage of Employer Stock that a Participant may direct the Committee, in writing, to sell and reinvest in diversified investments shall be based on the whole share balance in the Participant’s Account(s) that are eligible for
diversification as of the most recent quarterly valuation date (i.e., March 31, June 30, September 30 and December 31), adjusted by any shares distributed or credited to the applicable Account(s) since such Valuation Date. 
  

 4 

 If the Participant has previously elected to diversify, the number of whole shares of Employer Stock he
may elect to diversify at any time within any age brackets shall be adjusted by the Committee and the Trustee in an equitable manner to reflect such prior diversification. If a Participant who previously elected to diversify, later elects to redeem
part or all of his diversified investments and reinvest the proceeds in Employer stock, the number of whole shares of Employer Stock he may elect to diversify at any time shall be adjusted by the Committee and the Trustee in an equitable manner to
reflect such prior diversification and reinvestment in Employer Stock. 
  
 A written request to diversify or reinvest shall be made in writing on forms furnished the Committee and may be made at any time. However, only one request to diversify (i.e. sell Employer Stock) or reinvest (i.e. purchase Employer Stock)
may be made in any calendar quarter. Upon receipt of such a request the Committee shall direct the Trustee in writing to sell such whole shares as soon as reasonably practicable either in the open market or by reducing the number of shares of
Employer Stock the Trustee may be required to purchase as a result of Employee Pre-Tax, Employer or Rollover Contributions or the reinvestment of dividends on shares of Employer Stock in the Trust Fund. The amount credited to a Participant’s
Accounts as a result of such a sale of Employer Stock shall be based on the average of the actual sale proceeds or, if no actual shares are sold on the open market, based on the closing price of the Employer Stock on the New York Stock Exchange on
the business day immediately preceding the date such shares are deemed to be sold by the Trustee. The amounts realized from any such sales of whole shares of Employer Stock shall be credited to the Participant’s Employer Contributions and/or
Participant Contribution/Other Investments and/or Employee Pre-Tax Contribution Account(s) whichever is applicable, until such amounts are reinvested in the diversified investments made available by the Committee and elected, in writing, by the
Participant on a form which will be provided by the Committee. When a Participant’s properly completed and signed election to sell whole shares of Employer Stock is received by the Trustee the Trustee shall reinvest the proceeds of any such
actual or deemed sales of Employer Stock as soon as reasonably practicable in the diversified investments elected by the Participant. 
  
 The diversification investment options a Participant may elect shall be determined by the Committee from time to time. As of January 1, 2003, the
following diversification investment options are provided by the Trustee for this Plan: 
  
 Bank of New York Short-Term Investment Fund 
 Fidelity U.S. Bond Index Fund 
 Dodge & Cox Balanced Fund 
 Vanguard 500
Index Fund 
 Dodge & Cox Stock Fund 
 Dreyfus MidCap 400 Index Fund 
  
 A diversification
investment election may be made in five percent (5%) increments which equal 100%. 
  
 *            *            * 
  

 5 

 AMENDMENT NO. TWO TO THE 
 LEGGETT & PLATT, INCORPORATED STOCK BONUS PLAN 
 (AS LAST RESTATED AS OF
JANUARY 1, 2002) 
  
 The undersigned officer of Leggett &
Platt, Incorporated (the “Sponsoring Employer”), in accordance with authority delegated pursuant to the resolutions of the Board of Directors of the Sponsoring Employer on May 8, 2002 (copy attached), hereby adopts and enters into
Amendment No. Two to the Leggett & Platt, Incorporated Stock Bonus Plan, a copy of which is attached hereto as Exhibit A and incorporated herein by reference, effective, except as otherwise indicated, as of January 1, 2002. Also attached and
incorporated herein by reference is a summary of the changes contained in this amendment. 
  
 I hereby certify that this amendment is within my authority to adopt. 
  
 Dated July 8, 2003. 
  

	
	LEGGETT & PLATT, INCORPORATED
	
	 /s/ JOHN HALE

	John Hale
	Vice President – Human Resources

 (D) Section 1.20 is amended to read in its entirety as follows: 
  
 1.20 Employee. The term “Employee” shall mean each current
or future employee of an Employer, except for all purposes of the Plan, the term “Employee” shall not include any employee who is a member of a collective bargaining unit, the representatives of which have bargained for and/or negotiated
retirement benefits (other than those contained herein) and who have been excluded from this Plan as the result of good faith negotiations between the parties (such exclusion shall be considered to have occurred in the event the matter of
participation is not raised by the unit’s collective bargaining representative). Furthermore, the term “Employee” shall not include any “leased employee” as hereinafter defined, nor any other person classified by his
Employer as a “leased employee”, as a “temporary employee”, any other hourly employee employed solely for the purposes of “temporary operations” of an Employer or any person classified by his Employer as an
“independent contractor”. The Sponsoring Employer shall notify the Committee, in writing, of the existence and location of any “temporary operations.” 
  
 A person classified by an Employer as either a “leased employee” or an “independent contractor” is not
an Employee for purposes of this Plan, even if the person is later classified as a common law employee by the Employer or is later classified as a common law employee pursuant to the settlement of a federal employment tax audit with the Internal
Revenue Service (in which event such person shall only be considered to be an Employee, for the purpose of this Plan, from and after the date of his classification by the Employer as a common law employee of an Employer (or an employer that is a
member of a controlled group of corporations or trades or businesses with an Employer within the meaning of Sections 414(b) or (c) of the Internal Revenue Code). 
  
 The term “leased employee” means any person (other than an employee of the recipient) who pursuant to an agreement
between the recipient and any other person (“leasing organization”) has performed services for the recipient (or for the recipient and related persons determined in accordance with Section 414(n)(6) of the Internal Revenue Code) on a
substantially full-time basis for a period of at least one year, and such services are performed under primary direction or control by the recipient. A leased employee shall not be considered an Employee of the recipient if: (i) such employee is
covered by a money purchase pension plan providing: (1) a nonintegrated employer contribution rate of at least 10 percent of compensation, as defined in Section 415(c)(3) of the Internal Revenue Code, but including amounts contributed pursuant to a
salary reduction agreement which are excludable from the employee’s gross income under Section 125, Section 132(f) Section 402(e)(3), Section 402(h)(1)(B) or Section 403(b) of the Internal Revenue Code, (2) immediate participation, and (3) full
and immediate vesting; and (ii) leased employees do not constitute more than 20 percent of the recipient’s nonhighly compensated workforce. 
  
 (E) Section 5.08 is amended, effective January 1, 2003, to read in its entirety as follows: 
  
 5.08 Distribution Date. Any benefit payable under this Article V
shall commence within sixty (60) days after the date the benefit becomes distributable hereunder, unless (i) the distributable amount cannot be ascertained within such sixty (60) days, in which event the benefit shall be paid as soon as reasonably
practicable thereafter or (ii) the benefit amount (including the fair market value of the Employer Stock that is distributable) is more than five thousand dollars ($5,000) and the Participant does not elect an immediate distribution, in which

  

 2 

 event the distribution shall be deferred to not later than the Participant’s Required Beginning Date, as defined in
Section 5.17 hereof. The surviving spouse of a deceased Participant may elect to defer the commencement of benefit distributions to a date no later than December 31 of the calendar year in which the deceased Participant would have attained age
70 1/2 if the benefit amount (including the fair market value of the Employer Stock that is distributable) is
more than five thousand dollars ($5,000). A nonspouse Beneficiary may not defer the commencement of benefit payments. As a result, benefit payments to a nonspouse Beneficiary shall commence within sixty (60) days after the calendar quarter as of
which the benefit becomes distributable or as soon as reasonably practicable thereafter. If the benefit amount (including the fair market value of the Employer Stock that is distributable) to a Participant, or his surviving spouse or Beneficiary is
not more than five thousand dollars ($5,000), such benefit shall be distributed in a lump sum or in the form of a direct rollover to an Eligible Retirement Plan. Any additional contributions allocated to a former Participant who retired, died or
became Totally or Permanently Disabled during the Accounting Year for which an additional contribution is made shall be distributed as soon as practicable after receipt of the contribution by the Trustee. The distribution shall be made in the same
form as his benefits were otherwise distributed as a result of his retirement, death or disability subject to the provisions of Section 5.07 hereof. 
  
 The distribution for the calendar year during which the Participant’s Required Beginning Date occurs shall be equal to the greater of (i) the balance
of the Participant’s Accounts as of the December 31 Valuation Date immediately preceding the distribution, multiplied by a fraction, the numerator of which shall be one and the denominator of which shall be fifteen (15) or, (ii) the required
minimum distribution, computed in accordance with Section 5.17. Each later annual installment distribution shall be made by December 31 of such calendar year. Each later annual distribution shall be equal to the greater of (i) the balance of the
Participant’s Accounts as of the Valuation Date immediately preceding such year multiplied by a fraction, the numerator of which shall be one and the denominator of which shall be the denominator used for the most recent annual installment
distribution reduced by one, or (ii) the required minimum distribution, computed in accordance with Section 5.17. Distributions shall be made pro-rata from each of the Participant’s Accounts. Distributions of amounts in excess of the amount
determined under this Section 5.08 shall be made from such Accounts if requested in writing by the Participant. Notwithstanding the foregoing, any Participant who remains employed after Attaining Age seventy and one-half (70 1/2) shall be afforded the opportunity each Accounting Year after Attained Age 70 1/2 to withdraw part or all of his Accounts under this Plan pursuant to the provisions of Section 5.06 hereof.

  
 (F) Section 5.09 is amended,
effective January 1, 2003, to read in its entirety as follows: 
  
 5.09 Forms of Distribution. The normal form of distribution shall be a lump sum distribution of Employer Stock and/or cash as provided in Section 5.07 hereof. A Participant or Beneficiary may, however, request an alternative form of
distribution of any benefits under the Plan as provided hereinafter. The request by the Participant or the Beneficiary shall be in writing and shall be filed with the Committee at least thirty (30) days or, in case the Participant is an Insider of
the Sponsoring Employer (as defined in Section 4.08 hereof), six (6) months, before distribution is to be made. The alternative forms of distribution are as follows: 
  
 1. If the Participant is entitled to a distributable benefit in an amount or value of more than five
thousand dollars ($5,000), periodic installments in substantially equal annual amounts for a period not longer than hereinafter specified; 
  

 3 

 2. A direct rollover to an Eligible Retirement Plan, pursuant to the provisions of
Section 5.15 hereof; or 
  
 3. Any combination of
the above. 
  
 If periodic installments are elected by a
Participant, or a surviving spouse Beneficiary, the installment payments shall be made in the amount determined in accordance with Section 5.08, subject to Section 5.17 hereof, if applicable (i.e., in an amount equal to (i) substantially equal
annual installment payments over fifteen (15) years or (ii), if applicable, the required minimum distribution under Section 5.17, if greater). 
  
 If periodic installments are elected by a nonspouse Beneficiary of a deceased Participant, the installment payments shall be made over a period not longer
than five (5) years. Benefit payments for a nonspouse beneficiary may not be rolled over to an individual retirement account, annuity or trust. 
  
 A Participant who has elected installment payments who has not retired or otherwise terminated employment may elect to suspend his or her annual
installment payments, in a written notice to the Committee, provided that the remaining installment payments are resumed by not later than by April 1 of the calendar year immediately following the calendar year in which the Participant later retires
or otherwise terminates employment. 
  
 (G)
Section 5.17 is added, effective January 1, 2003, to read as follows: 
  
 5.17 Minimum Distribution Requirements. 
  
 (a) General Rules. 
  
 (i) Effective Date. Required minimum distributions on or after January 1, 2003. 
  
 (ii) Precedence. The requirements of this Section 5.17 will take precedence over any inconsistent provisions of the Plan.

  
 (iii) Treasury Regulations
Incorporated. Distributions required under this Section 5.17 will be determined and made in accordance with the Treasury regulations under Section 401(a)(9) of the Internal Revenue Code. 
  
 (b) Time and Manner of Distribution. 
  
 (i) Required Beginning Date. The Participant’s
entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s Required Beginning Date. 
  

 4 

 (ii) Death of Participant Before Distributions Begin. If the Participant dies
before distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: 
  
 (1) If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, then distributions to the surviving
spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 701⁄2, if later. 
  
 (2) If the Participant’s surviving spouse is not the
Participant’s sole Designated Beneficiary, then distributions to the Designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. 
  
 (3) If there is no Designated Beneficiary as of September
30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 
  
 (4) If the Participant’s surviving spouse is the
Participant’s sole Designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse begin, this Section 5.17(b), other than Subsection 5.17(b)(ii)(1), will apply as if the surviving
spouse were the Participant. 
  
 For purposes of this Section
5.17(b) and Section 5.17(d), unless Subsection 5.17(b)(ii)(4) applies, distributions are considered to begin on the Participant’s Required Beginning Date. If Subsection 5.17(b)(ii)(4) applies, distributions are considered to begin on the date
distributions are required to begin to the surviving spouse under Subsection 5.17(b)(ii)(1). 
  
 (iii) Forms of Distribution. Unless the Participant’s interest is distributed in a lump sum on or before the Required
Beginning Date, as of the first Distribution Calendar Year distributions will be made in accordance with Sections 5.17(c) and 5.17(d). 
  
 (c) Required Minimum Distributions During Participant’s Lifetime. 
  
 (i) Amount of Required Minimum Distribution For Each
Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: 
  
 (1) the quotient obtained by dividing the Participant’s Account Balance by the distribution period in
the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or 
  

 5 

 (2) if the Participant’s sole Designated Beneficiary for the Distribution Calendar
Year is the Participant’s spouse, the quotient obtained by dividing the Participant’s Account Balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the
Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the Distribution Calendar Year. 
  
 (ii) Lifetime Required Minimum Distributions Continue Though Year of Participant’s Death. Required minimum distributions will
be determined under this Section 5.17(c) beginning with the first Distribution Calendar Year and up to and including the Distribution Calendar Year that includes the Participant’s date of death. 
  
 (d) Required Minimum Distributions After
Participant’s Death. 
  
 (i) Death On
or After Date Distributions Begin. 
  
 (1)
Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a Designated Beneficiary, the minimum amount that will be distributed for each Distribution Calendar Year after the
year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the longer of the remaining Life Expectancy of the Participant or the remaining Life Expectancy of the Participant’s Designated
Beneficiary, determined as follows: 
  
 (A) The
Participant’s remaining Life Expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 
  
 (B) If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, the remaining Life Expectancy of
the surviving spouse is calculated for each Distribution Calendar Year after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For Distribution Calendar Years after the year
of the surviving spouse’s death, the remaining Life Expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each
subsequent calendar year. 
  
 (C) If the
Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, the Designated Beneficiary’s remaining Life Expectancy is calculated using the age of the Beneficiary in the year following the year of the
Participant’s death, reduced by one for each subsequent year. 
  

 6 

 (2) No Designated Beneficiary. If the Participant dies on or after the date
distributions begin and there is no Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the
Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the Participant’s remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each
subsequent year. 
  
 (ii) Death Before Date
Distributions Begin. 
  
 (1) Participant
Survived by Designated Beneficiary. If the Participant dies before the date distributions begin and there is a Designated Beneficiary, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the
Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the remaining Life Expectancy of the Participant’s Designated Beneficiary, determined as provided in this Section 5.17(d). 
  
 (2) No Designated Beneficiary. If the Participant
dies before the date distributions begin and there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December
31 of the calendar year containing the fifth anniversary of the Participant’s death. 
  
 (3) Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin. If the Participant dies before the
date distributions begin, the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, and the surviving spouse dies before distributions are required to begin to the surviving spouse under Section 5.17(a), this
Section 5.17(d) will apply as if the surviving spouse were the Participant. 
  
 (e) Definitions. 
  
 (i) Designated Beneficiary. The individual who is designated as the Beneficiary under Section 1.05 of the Plan and is the Designated Beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section
1.401(a)(9)-l, Q&A-4, of the Treasury regulations. 
  
 (ii) Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first Distribution Calendar Year is the calendar year immediately
preceding 
  

 7 

 the calendar year which contains the Participant’s Required Beginning Date. For distributions
beginning after the Participant’s death, the first Distribution Calendar Year is the calendar year in which distributions are required to begin under Section 5.17(b)(ii). The required minimum distribution for the Participant’s first
Distribution Calendar Year will be made on or before the Participant’s Required Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar
Year in which the Participant’s Required Beginning Date occurs, will be made on or before December 31 of that Distribution Calendar Year. 
  
 (iii) Life Expectancy. Life Expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury
regulations. 
  
 (iv) Participant’s
Account Balance. The account balance as of the December 31 Valuation Date in the calendar year immediately preceding the Distribution Calendar Year (valuation calendar year) increased by the amount of any contributions made and allocated or
forfeitures allocated to the account balance as of dates in the valuation calendar year after the Valuation Date and decreased by distributions made in the valuation calendar year after the Valuation Date. The account balance for the valuation
calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the Distribution Calendar Year if distributed or transferred in the valuation calendar year. 
  
 (v) Required Beginning Date. April 1 of the calendar
year immediately following the calendar year in which a Participant reaches Attained Age seventy and one-half (70 1/2) or retires, whichever occurs last, unless the Participant is a five percent (5%) or greater equity owner of the Sponsoring Employer, in which event the Required Beginning Date is April 1 of the calendar year immediately following
the calendar year in which the Participant reaches Attained Age seventy and one-half (70 1/2).

  
 (H) Section 6.03 is amended to
read in its entirety as follows: 
  
 6.03 Claims
Procedure. The Committee shall from time to time establish rules for the administration of the Plan and transaction of its business consistent with the terms of the Plan. Without limiting the generality of the above sentence, it is specifically
provided that the Committee shall set forth in writing, available for inspection by any interested party, the procedures to be followed in presenting claims for benefits under the Plan. The Committee shall rely on the records of the Employer, as
certified to it, with respect to any and all factual matters dealing with the employment of an Employee or Participant. In case of any factual dispute hereunder, the Committee shall resolve such dispute giving due weight to all evidence available to
it. The Committee shall interpret the Plan and shall determine all questions arising in the administration, interpretation and application of the Plan. All such decisions, interpretations and determinations shall be final, conclusive and binding
except to the extent that they are appealed under the following claims procedure. In the event that the claim of any person to all or any part of any payment or benefit under this Plan shall be denied, the Committee shall provide to the 

claimant, within sixty (60) days after receipt of such claim, a written notice setting forth, in a manner calculated to be understood by the claimant: 
  
 (i) The specific reason or reasons for the denial;

  

 8 

 (ii) Specific references to the pertinent Plan provisions on which the denial is based;

  
 (iii) A description of any additional
material or information necessary for the claimant to perfect the claim and an explanation as to why such material or information is necessary; and 
  
 (iv) An explanation of the Plan’s appeal procedure, including a statement of the claimant’s right to bring a civil action under
ERISA section 502(a) following an adverse benefit determination on appeal. 
  
 Within sixty (60) days after receipt of the above material, the claimant shall have a reasonable opportunity to appeal the claim denial to the Committee for a full and fair review. The claimant or his duly authorized representative:

  
 (i) May request a review upon written notice
to the Committee; 
  
 (ii) May review pertinent
documents; and 
  
 (iii) May submit issues and
comments in writing. 
  
 A decision by the Committee will be made
not later than sixty (60) days after receipt of a request for review, unless special circumstances require an extension of time for processing, in which event a decision should be rendered as soon as possible, but in no event later than one hundred
and twenty (120) days after such receipt. The Committee’s decision on review shall be written and include: 
  
 (i) specific reasons for the decision, written in a manner calculated to be understood by the claimant; 
  
 (ii) specific references to the pertinent Plan provisions on
which the decision is based; 
  
 (iii) a
statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of, all documents, records and other information relevant to the claimant’s claim for benefits; and 
  
 (iv) a statement of the claimant’s right to bring an
action under ERISA section 5.02(a). 
  
 *            *            * 
  

 9 

 AMENDMENT NO. THREE TO THE 
 LEGGETT & PLATT, INCORPORATED STOCK BONUS PLAN 
 (AS LAST RESTATED AS OF
JANUARY 1, 2002) 
  
 The undersigned officer of Leggett &
Platt, Incorporated (the “Sponsoring Employer”), in accordance with authority delegated pursuant to the resolutions of the Board of Directors of the Sponsoring Employer on May 14, 2003 (copy attached), hereby adopts and enters into
Amendment No. Three to the Leggett & Platt, Incorporated Stock Bonus Plan, a copy of which is attached hereto as Exhibit A and incorporated herein by reference, effective, except as otherwise indicated, as of July 1, 2003. Also attached and
incorporated herein by reference is a summary of the change contained in this amendment. 
  
 I hereby certify that this amendment is within my authority to adopt. 
  
 Dated: July 8, 2003. 
  

	
	LEGGETT & PLATT, INCORPORATED
	
	 /s/ JOHN HALE

	John Hale
	Vice President – Human Resources

 Section 1.12 is amended to read in its entirety as follows: 
  
 1.12. Compensation. Except as provided below, the term
“Compensation” shall mean a Participant’s (i) total salary or wages, including overtime pay, and (ii) regular bonuses and regular incentive awards received under bonus and incentive plans of the Employer. “Compensation” for
Participants who are salespersons who regularly incur travel and other expenses which are not separately reimbursed shall mean seventy-five percent (75%) of the items set forth in (i) and (ii) above. “Compensation” shall not include
extraordinary forms of remuneration such as living and automobile allowances, imputed or bonus income related to insurance programs, extraordinary bonuses, extraordinary incentive awards, and, effective July 1, 2003, severance pay. 
  
 If a Participant is on a military leave during a period of time when his
reemployment rights with the Employer are guaranteed by federal law, he shall be deemed to have received Compensation during his period of military service, provided (i) he is reemployed by an Employer within the time required by federal law after
the expiration of his active military service and (ii) he makes the Participant contributions required by Section 2.02(a) hereof within the time prescribed in Section 5.16 hereof after his reemployment, based on his deemed Compensation, as
hereinafter defined, during his military leave. A Participant’s deemed Compensation during a military leave shall be computed on the basis of the assumption that his regular rate of pay would have been paid for forty (40) hours a week or eight
(8) hours a day during the regular business days from the commencement of his military leave to his reemployment date. Regular rate of pay shall be calculated for this purpose on the basis of his regular hourly rate of pay at the time of the
commencement of his military leave, adjusted by the average increases at the facility or principal place of his employment for similarly situated active employees during the period of his military leave. 
  
 This Plan does not limit compensation in accordance with the provisions of
Section 401(a)(17) of the Internal Revenue Code since the Plan does not benefit any Highly Compensated Employees. 
  

 2 

 AMENDMENT NO. FOUR TO THE 
 LEGGETT & PLATT, INCORPORATED 
 STOCK BONUS PLAN 
 (AS LAST RESTATED JANUARY 1, 2002) 
  
 The undersigned officer of Leggett & Platt, Incorporated (the “Company”), in accordance with authority delegated pursuant to the resolutions
of the Board of Directors of the Company on May 14, 2003 (copy attached), hereby adopts and enters into this Amendment No. Four to the Leggett & Platt, Incorporated Stock Bonus Plan as Restated January 1, 2002 (the “Plan”). 

 
 Notwithstanding Section 2.01 or any other provision of this plan to the
contrary, any Eligible Employee who could have started making Employee Pre-Tax Deferrals under this Plan as of July 1, 2003, but did not do so for any reason, may start to make Employee Pre-Tax Deferrals under this Plan as of July 13, 2003.

  
 I hereby certify that this amendment, effective July 13, 2003,
is within my authority to adopt. 
  

	
	LEGGETT & PLATT, INCORPORATED
	
	 /s/ JOHN HALE

	 John Hale
 Vice President – Human
Resources

 AMENDMENT NO. FIVE TO THE 
 LEGGETT & PLATT, INCORPORATED STOCK BONUS PLAN 
 (AS LAST RESTATED AS OF
JANUARY 1, 2002) 
  
 The undersigned officer of Leggett &
Platt, Incorporated (the “Sponsoring Employer”), in accordance with authority delegated pursuant to the resolutions of the Board of Directors of the Sponsoring Employer on May 14, 2003 (copy attached), hereby adopts and enters into
Amendment No. Five to the Leggett & Platt, Incorporated Stock Bonus Plan, a copy of which is attached hereto as Exhibit A and incorporated herein by reference, effective as of January 1, 2004. Also attached and incorporated herein by reference
is a summary of the changes contained in this amendment. 
  
 I
hereby certify that this amendment is within my authority to adopt. 
  
 Dated December 28, 2003. 
  

	
	LEGGETT & PLATT, INCORPORATED
	
	 /s/ ERNEST C. JETT

	 Ernest C. Jett
 Vice President, General Counsel and
Secretary

 EXHIBIT A 
  

(I) Section 1.21 is amended to read in its entirety as follows: 
  
 1.20 Employer. The term “Employer” shall mean Leggett & Platt, Incorporated, a Missouri corporation whose principal offices are
located at Carthage, Missouri, its successors and assigns, and any subsidiary or affiliated companies authorized by the Board of Directors of Leggett & Platt, Incorporated to participate in this Plan with respect to their Employees, and subject
to the provisions of Article IX, any corporation into which the Employer may be merged or consolidated or to which all or substantially all of its assets may be transferred. The addition of a participating Employer shall be pursuant to action by the
director(s) of the subsidiary or affiliate, which may contain special provisions, including provisions with respect to the recognition by this Plan of Hours of Service and/or Years of Vesting Service prior to the date a subsidiary or affiliate
become a participating Employer in this Plan (pursuant to Section 2.01 hereof). The Employers participating in this Plan as of January 1, 2004, the branch numbers and locations of such Employers who are covered by this Plan are listed on Schedule I,
a copy of which is attached hereto. 
  
 (J) Section 1.48A is added to read as
follows: 
  
 1.48A Segregated Account. The term
“Segregated Account” shall have the meaning set forth in Section 5.10 hereof. 
  
 (K) Section 1.48B is added to read as follows: 
  
 1.48B Special Valuation Date. The term “Special Accounting Date” shall have the meaning set forth in Section 4.06 hereof. 
  
 (L) Section 1.54 is amended to read in its entirety as follows: 
  
 The term “Valuation Date” shall mean the last business day of each month. Prior to January 1, 2004, for benefit payment distribution
purposes, the term “Valuation Date” shall mean the last business day of each fiscal quarter of the calendar year (i.e., generally, March 31, June 30, September 30 and December 31). After December 31, 2003, the term “Valuation
Date” for benefit payment distribution purposes shall mean the last business day of each month. 
  
 (M) Section 2.01 is amended to read in its entirety as follows: 
  
 2.01 Eligibility. Each Eligible Employee who was a Participant in the Plan on December 31, 2003, shall be entitled to continue to participate in
the Plan on and after January 1, 2004, provided he remains an Eligible Employee and he is not a Highly Compensated Employee. No Employee shall be entitled to continue to participate in this Plan for any part of any Accounting Year after 1988 during
which he is a Highly Compensated Employee, except as a Limited Participant as provided in Section 2.05 hereof. 
  
 As of any Participation Date on or after January 1, 1989, and prior to January 1, 2002, any Eligible Employee who is not a Highly Compensated Employee may
become a Participant provided his original date of employment is at least one (1) year prior to such Participation Date. Such Eligible Employee shall then become a Participant as of the Participation Date on which he agrees to make (and does make)
the Participant non-deductible contributions required in Section 2.02(a). 
  

 2 

 As of any Participation Date on or after January 1, 2002, and prior to January 1, 2004, any Eligible
Employee who is not a Highly Compensated Employee may become a Participant provided his original date of employment is at least one (1) year prior to such Participation Date. Such Eligible Employee shall then become a Participant as of the
Participation Date on which he agrees to make (and does make) the Participant pre-tax contributions required in Section 2.02(a). 
  
 As of any Participation Date on or after January 1, 2004, any Eligible Employee who is not a Highly Compensated Employee may become a Participant,
provided: 
  
 (i) his original date of employment
is at least one year prior to such Participation Date; and 
  
 (ii) he agrees to make (and does make) the Participant pre-tax contributions required in Section 2.02(a); and 
  
 (iii) if the Eligible Employee is employed by either a subsidiary or affiliate that is not a participating employer or at a branch of an
existing Employer that is not a participating group in this Plan, as evidenced by the latest Schedule I to the Plan document (the January 1, 2004 version of which is attached hereto), the Employer adopts this Plan by action of its Board of Directors
or its delegee, subject to any special provisions and consent of the Sponsoring Employer. 
  
 The Schedule I to this Plan document, List of Participating Employers and Participating Groups (the January 1, 2004 version of which is attached), shall be maintained by the Sponsoring Employer and updated from time
to time by an amendment to this Plan document. 
  
 If the
employees of a subsidiary or an affiliated company of the Sponsoring Employer become employees of an Employer under the Plan, then in determining eligibility to become a Participant in the Plan, vesting, and early retirement, the Sponsoring Employer
shall recognize his Hours of Service for such subsidiary or affiliated company or branch location while the subsidiary or affiliated company or branch location was part of a company that was a member of a controlled group of corporations, commonly
controlled group of trades or businesses or affiliated service group with the Sponsoring Employer within the meaning of Sections 414(b), (c) and (m) of the Internal Revenue Code. In addition, the Sponsoring Employer may, credit all such employees
with Hours of Service or years of Vesting Service with such subsidiary or affiliated company (the “employing entity”) even though all or part of such employment may have occurred prior to the date the employing entity became a subsidiary
or an affiliated company. An Employee who becomes eligible to participate in the Plan under this paragraph shall enter the Plan on the date of his or her transfer to an Employer under the Plan. 
  
 If the Sponsoring Employer, either directly or through a subsidiary, acquires
a business (“acquired business”) through purchase of all or a substantial part of the assets of the acquired business and if in connection with such acquisition employees of the acquired business are hired by the Sponsoring Employer and/or
any of its subsidiaries, then in determining eligibility to become a Participant in the Plan, vesting and early retirement the Board of Directors of the Sponsoring Employer may, by resolution, credit all such employees with Hours of Service and
years of Vesting Service with such acquired business. 
  

 3 

 A terminated Participant, who is reemployed after December 31, 2001, shall again become a Participant on
his reemployment date provided he is not a Highly Compensated Employee and agrees to resume making (and does resume making) the Employee pre-tax contributions required in Section 2.02(a). 
  
 A terminated Employee (who had not become a Participant prior to his termination) who is reemployed by the Employer shall
become a Plan Participant on the Participation Date coincident with or immediately following the date he satisfies the requirements set forth in this Section 2.01, counting, for this purpose, his years of Vesting Service prior to his reemployment
unless he incurs consecutive One Year Breaks in Service that equal or exceed (i) five (5) years or (ii) his years of Vesting Service as of his earlier termination of employment, in which event he shall be treated the same as a new Employee for the
purpose of his eligibility to become a Participant in this Plan. 
  
 Notwithstanding Section 2.01 or any other provision of this plan to the contrary, any Eligible Employee who could have started making Employee Pre-Tax Deferrals under this Plan as of July 1, 2003, but did not do so for any reason, may start
to make Employee Pre-Tax Deferrals under this Plan as of July 13, 2003. 
  
 (N)
Section 4.02 is amended to read in its entirety as follows: 
  
 4.02 Adjustment of Other Investments and Diversified Investments Accounts. As of each Valuation Date, the other Investments and Diversified Investments Accounts of each Participant shall be adjusted in the following order and manner:

  
 (a) Reduction of Other Investments and
Diversified Investments Accounts. The Other Investments Accounts and Diversified Investment Accounts of each Participant as of the last preceding Valuation Date shall be reduced by the amount of any benefit payments from such Accounts since such
Valuation Date. 
  
 (b) Allocation of
Investment Earnings. The investment earnings (or losses) determined under Section 4.01(a) shall be allocated to the Other Investments and Diversified Investments Accounts of each active Participant and each Limited Participant in the ratio that
the value of such Accounts as of the last preceding Valuation Date (plus any adjustment for contributions or diversification transfers received since the preceding Valuation Date and less any adjustments pursuant to Section 4.02(a)), bears to the
total value of all such Accounts as of the last preceding Valuation Date. 
  
 Except as otherwise provided in Article V hereof no allocation of investment earnings (or losses) shall be made to the Other Investments and Diversified Investments Accounts of Participants whose benefits are in the
process of being distributed, based on the immediately preceding Valuation Date balance under Article V, but which have not been distributed by such Valuation Date. 
  
 (c) Contributions; Cash Dividends; Transfers; Purchase of Employer Stock. The Other Investments and
Diversified Investments Accounts shall be increased 
  

 4 

 by (i) the amount of the Employer, Participants, Rollover, diversification transfers and ESOP Transfer
Contributions received during the month (prior to January 1, 2004, quarter) ending with the Valuation Date, (ii) any other investment income (including any investment income from the interim investment of Employer Stock diversification sales). Cash
Dividends shall be allocated in accordance with Section 4.10 hereof. The Other Investments Accounts shall be reduced by the amount applied to purchase Employer Stock and diversification transfers during such quarter. 
  
 (d) Vesting of Other Investments and Diversified
Investments Accounts. A Participant’s Other Investments and Diversified Investments which are attributable to Cash Dividend Reinvestments, Employee Pre-Tax Contributions, Participant After-Tax Contributions, Participant Deductible
Contributions and Rollovers shall be 100% immediately and fully vested. The Other Investments and Diversified Investments Accounts which are attributable to Employer Contributions of a Participant who terminates employment after December 31, 2001,
shall become 100% fully vested and nonforfeitable as of the last day of the Plan Year in which the Participant is credited with three (3) years of Vesting Service. 
  
 (O) Section 4.03 is amended to read in its entirety as follows: 
  
 4.03 Adjustment of Stock Accounts. As of each Valuation Date, the Stock Accounts of each Participant shall be
adjusted in the following order and manner: 
  
 (a) Reduction of Stock Accounts. The Stock Accounts of each Participant as of the last preceding Valuation Date shall be reduced by the amount of any benefit payments from such Account on the Participant’s behalf since the last
preceding Valuation Date and by the sale of any whole shares for transfer and reinvestment in diversified investments pursuant to Section 4.08 hereof. With respect to benefit payments such reduction shall be expressed in whole and fractional shares
even though cash in an amount equivalent to part or all of such shares may have been distributed for such payments. With respect to sales of Employer Stock for reinvestment in diversification investments, such reduction shall be made in whole shares
only. 
  
 (b) Purchase of Employer Stock;
Increase in Stock Account. The “nonvested and forfeitable” subdivisions of the Employer Contributions Account/Stock of each Participant expressed in whole and fractional shares to the nearest four (4) places, shall be increased by the
number of shares purchased for such Accounts based upon the average price per share of the aggregate purchases of Employer Stock during the month (prior to January 1, 2004, quarter) ending with the Valuation Date, divided by the number of shares
purchased. The shares shall be credited to the subdivision of the “Employer Contributions Account/Stock” for the same year the “Other Investments Account” is debited. For the purposes of this Section 4.03(b), shares contributed
by the Sponsoring Employer shall be deemed to have been purchased at the fair market value of such shares based on the closing price of Employer Stock on the New York Stock Exchange on the business day immediately preceding the date the shares were
contributed to the Trust Fund. 
  
 (c)
Valuation of Stock Accounts. The Employer Stock Accounts shall be maintained in whole shares and fractional shares expressed to the nearest four (4) places and shall reflect the cost of the shares purchased or the appropriate fair market value
of the shares of Employer Stock contributed to the Trust Fund by the Employer. 
  

 5 

 (d) Vesting of Stock Accounts. A participant’s Stock Accounts which are
attributable to Cash Dividend Reinvestments, Employee Pre-Tax Contributions, Participant After-Tax Contributions, Participant Deductible Contributions shall be 100% immediately and fully vested. The Stock Accounts which are attributable to Employer
Contributions, of a Participant who terminates employment after December 31, 2001, shall become 100% fully vested and nonforfeitable as of the last day of the Plan Year in which the Participant is credited with three (3) years of Vesting Service.

  
 (P) Section 4.04 is amended to read in its entirety as follows: 
  
 4.04 Quarterly Participant Account Statements. As soon as reasonably
practicable after the close of each month (prior to January 1, 2004, quarter) of the Accounting Year, the Committee shall advise each Participant of the value of his Accounts as of the Valuation Date coincident with the end of such month (prior to
January 1, 2004, the close of such quarter). 
  
 (Q) Section 4.06 is amended to
read in its entirety as follows: 
  
 4.06 Special Valuation
Date. Effective from and after January 1, 2004, this Plan shall determine the amount of cash benefit payment distributions and the fair market value of Employer Stock benefit payment distributions as of a Special Valuation Date, which shall be
the date that is three business days immediately preceding the benefit payment distribution date. Therefore, the balance of a Participant’s Accounts shall be adjusted pursuant to Article IV hereof as of any Special Valuation Date, from the
latest monthly (prior to January 1, 2004, calendar quarter) Valuation Date, as if the Special Valuation Date were a regular monthly (prior to January 1, 2004, calendar quarter) Valuation Date. 
  
 (R) Section 4.08 is amended to read in its entirety as follows: 
  
 4.08 Diversified Investments for Certain Participants and Accounts.
If a Participant who is an active Employee has completed at least five (5) years of Participation in the Plan and has Attained Age thirty-five (35) he may elect to diversify the investments in his Accounts and future Employee Pre-Tax Contributions
as hereinafter provided. 
  
 (a) Existing
Account/Diversification Out of Employer Stock. An eligible Participant may diversify part or all of the whole shares of Employer Stock credited to his Participant After-Tax Contributions, Employee Pre-Tax Contributions and, if applicable,
Employer Contributions Accounts/Stock as hereinafter provided: 
  

					
	 If an eligible Participant’s
 Attained Age is:

	 	 Then he may diversify the
 following percentage of his
 Participant After-Tax and/or
 Employee Pre-Tax
 Contributions
Account/Stock

	 	 And he may also diversify the
 following percentage of his
 Employer Contributions
 Account/Stock

	 35-39
	 	Up to 25%	 	None
			
	 40-44
	 	Up to 50%	 	None
			
	 45-49
	 	Up to 75%	 	None
			
	 50-59
	 	Up to 100%	 	Up to 50%
			
	 60 or older
	 	Up to 100%	 	Up to 100%

  

 6 

 The applicable percentage of Employer Stock that a Participant may direct the Committee, in writing, to
sell and reinvest in diversified investments shall be based on the whole share balance in the Participant’s Account(s) that are eligible for diversification as of the most recent monthly (prior to January 1, 2004, quarterly) Valuation Date,
adjusted by any shares distributed or credited to the applicable Account(s) since such Valuation Date. 
  
 If the Participant has previously elected to diversify, the number of whole shares of Employer Stock he may elect to diversify at any time within any age
brackets shall be adjusted by the Committee and the Trustee in an equitable manner to reflect such prior diversification. If a Participant who previously elected to diversify, later elects to redeem part or all of his diversified investments and
reinvest the proceeds in Employer stock, the number of whole shares of Employer Stock he may elect to diversify at any time shall be adjusted by the Committee and the Trustee in an equitable manner to reflect such prior diversification and
reinvestment in Employer Stock. 
  
 A written request to diversify
or reinvest shall be made in writing on forms furnished the Committee and may be made at any time. However, only one request to diversify (i.e., sell Employer Stock) or reinvest (i.e., purchase Employer Stock) may be made in any month (prior to
January 1, 2003, calendar quarter). Upon receipt of such a request the Committee shall direct the Trustee in writing to sell such whole shares as soon as reasonably practicable either in the open market or by reducing the number of shares of
Employer Stock the Trustee may be required to purchase as a result of Employee Pre-Tax, Employer or Rollover Contributions or the reinvestment of dividends on shares of Employer Stock in the Trust Fund. The amount credited to a Participant’s
Accounts as a result of such a sale of Employer Stock shall be based on the average of the actual sale proceeds or, if no actual shares are sold on the open market, based on the closing price of the Employer Stock on the New York Stock Exchange on
the business day immediately preceding the date such shares are deemed to be sold by the Trustee. The amounts realized from any such sales of whole shares of Employer Stock shall be credited to the Participant’s Employer Contributions and/or
Participant Contribution/Other Investments and/or Employee Pre-Tax Contribution Account(s) whichever is applicable, until such amounts are reinvested in the diversified investments made available by the Committee and elected, in writing, by the
Participant on a form which will be provided by the Committee. When a Participant’s properly completed and signed election to sell whole shares of Employer Stock is received by the Trustee the Trustee shall reinvest the proceeds of any such
actual or deemed sales of Employer Stock as soon as reasonably practicable in the diversified investments elected by the Participant. 
  

 7 

 The diversification investment options a Participant may elect shall be determined by the Committee from
time to time. As of January 1, 2003, the following diversification investment options are provided by the Trustee for this Plan: 
  
 Bank of New York Short-Term Investment Fund 
 Fidelity U.S. Bond Index Fund 
 Dodge & Cox Balanced Fund 
 Vanguard 500 Index Fund 
 Dodge & Cox
Stock Fund 
 Dreyfus MidCap 400 Index Fund 
  
 A diversification investment election may be made in five percent (5%) increments which equal 100%. 
  
 (b) Existing Accounts/Reinvestment From Diversification
Investments into Employer Stock. A Participant whose Employer Contributions and/or Participant After-Tax Contributions and/or Employee Pre-Tax /Stock Account(s) have been diversified may at any time elect to redeem all or part of the investments
in the Participant’s Diversification Accounts and reinvest the proceeds in shares of Employer Stock as soon as reasonably practicable after the proceeds from such redeemed investments are available for reinvestment. Such Employer Stock
purchases shall be made by the Trustee on the open market, from Employer treasury stock or authorized but unissued shares or from the Trust Fund as a result of shares of Employer Stock sold by this Plan in order to make cash in lieu of stock
distributions. If any such purchases are not made in the open market, they shall be deemed to be purchased on the basis of the closing price of the Employer Stock on the New York Stock Exchange on the business day immediately preceding the date such
shares are deemed to be purchased by the Trustee. 
  
 (c) Diversification Investments of Future Participant Contributions. A Participant who is entitled to elect to diversify under this Section 4.08 may also elect to diversify the investment of his future Employee pre-tax contributions
as hereinafter provided. 
  

			
	 If an eligible Participant’s
 Attained Age is:

	  	 Then he may direct the
 diversification of the following
 applicable percentage of his
 future Employee pre-tax
 contributions

	 35-40
	  	Up to 25%
		
	 40-44
	  	Up to 50%
		
	 45-49
	  	Up to 75%
		
	 50 and older
	  	Up to 100%

  

 8 

 A Participant who is entitled to diversify future Employee pre-tax contributions may do so at any time,
in writing, on a form which shall be furnished the Participant by the Committee. The election shall be effective on the payroll period ending at least fifteen (15) business days after the Committee’s receipt of such written election.
Investments in the diversified investments elected by the Participant in accordance with this Section 4.08 shall be made by the Trustee as soon as reasonably practicable after such diversification election is received by the Trustee. 
  
 (d) Restriction on Elections Provided for in the Plan -
Section 16 of the Securities Exchange Act of 1934. In the case of a Participant to whom the provisions of either Section 16(a) or Section 16(b) of the Securities Exchange Act of 1934 are applicable (herein referred to as an “Insider”),
the following restrictions shall apply to any election under this Section 4.08 or any other Section of this Plan. Any election by an Insider to direct an investment, a transfer or change of investment, a withdrawal or any other election which would
constitute a “Discretionary Transaction” as that term is defined by SEC Rule 16b-3(b)(1), may only be made by an Insider if such election is made more than six months after any previous opposite way Discretionary Transaction under any plan
(including this Plan) of the Sponsoring Employer, as defined by SEC Rule 16(b)(3)(f). 
  
 (S) Section 4.10 is amended to read in its entirety as follows: 
  
 4.10 Cash Dividends on Employer Stock; Reinvestment or Cash Election. 
  
 (a) Allocation; Credit. Effective from and after January 1, 2002, cash dividends on Employer Stock shall be allocated in proportion
to the number of shares of Employer Stock of each Participant’s Accounts and shall be credited to either the Participant’s Cash Dividends Holding Account or the Participant’s Cash Dividends Reinvestment Account/Other Investments in
accordance with the Participant’s election, as hereinafter provided. 
  
 (b) Election. As soon as reasonably practicable after the beginning of the 2002 Plan Year (and at the time prescribed by the Committee for Plan Years beginning after December 31, 2002) each Participant,
including, but not limited to, terminated vested Participants, shall be afforded the opportunity to elect to have the cash dividend allocable to the Participant’s accounts either (i) credited to his Cash Dividends Holding Account and paid to
him by the end of the Plan Year of the receipt of such cash dividends by the Trustee or (ii) credited to his Cash Dividends Reinvestment Account/Other Investment and reinvested primarily in additional shares of Employer Stock. This election must be
made in the form and manner prescribed by the Committee before a dividend is paid in order to apply to the dividend. If a cash payment election is not made in a timely or prescribed manner, the cash dividend allocable to a Participant’s
Accounts shall be credited to his Cash Dividends Reinvestment Account/Other Investments to be invested primarily in additional shares of Employer Stock. Dividends credited to either a Participant’s Cash Dividend’s Holding Account or to his
Cash Dividends Reinvestment Account/Other Investments shall be fully (100%) and immediately vested, even if the Participant is not otherwise fully vested in all of his Accounts pursuant to Sections 4.02(d) and 4.03(d) hereof. 
  

 9 

 (c) Cash Dividend Holding Account Investment Income. Each Participant’s Cash
Dividends Holding Account shall be invested in short-term cash equivalent investments, the investment earnings on which shall be credited to the Participant’s Employee Pre-Tax Contributions Account/Other Investments, unless the Participant has
not made Employee pre-tax contributions to this Plan, in which event, the investment earnings shall be credited to his Participant After-Tax Contributions Account/Other Investments.. 
  
 (d) Application. The Sponsoring Employer intends to apply the provisions of this Section 4.10 to any
cash dividend declared in 2001 with a payment date in 2002. 
  
 (e) Dividends Paid After 2003 Attributable to Employer Stock of Certain Terminated Employees. When a Participant terminates employment for any reason after 2003, any cash dividends paid on the shares of
Employer Stock in his Stock Account(s) shall be credited to the Participant’s Cash Dividend Holding Account. If the Participant’s Accounts are not distributed by the end of the third month immediately following the month in which the
Participant terminated employment, then, as soon as reasonably practicable thereafter, the balance of the Participant’s Cash Dividend Holding Account shall be transferred to his Cash Dividends Reinvestment Account/Other Investments and
reinvested primarily in shares of Employer Stock. 
  
 (T) Section 5.01 is amended
to read in its entirety as follows: 
  
 5.01 Distribution on
Early or Normal Retirement. When a Participant lives to either his Early Retirement Date or Normal Retirement Date and retires, the full value of his Accounts shall, if elected by the Participant, become distributable, as soon as reasonably
practicable after the monthly (prior to January 1, 2004, quarterly) Valuation Date coincident with or, otherwise, immediately following his Early Retirement Date or Normal Retirement Date, whichever is applicable, or after any later monthly (prior
to January 1, 2004, quarterly) Valuation Date. The distributable cash amount and/or the value of shares of Employer Stock shall be calculated either as of the Special Valuation Date immediately preceding the actual distribution or, if the
distribution is from a Segregated Account, in accordance with the provisions of Section 5.10 hereof, whichever is applicable. 
  
 (U) Section 5.02 is amended to read in its entirety as follows: 
  
 5.02 Employment Beyond Normal Retirement. A Participant may continue his employment past his Normal Retirement Date. Such Participant shall
continue to be an active Participant under the Plan and the full value of his Accounts shall, if elected by the Participant, become distributable, as soon as reasonably practicable after the monthly (prior to January 1, 2004, quarterly) Valuation
Date coincident with or, otherwise, immediately following the actual date of his retirement or after any later monthly (prior to January 1, 2004, quarterly) Valuation Date. The distributable cash amount and/or the value of shares of Employer Stock
shall be calculated either as of the Special Valuation Date immediately preceding the actual distribution or, if the distribution is from a Segregated Account, in accordance with the provisions of Section 5.10 hereof, whichever is applicable.

  

 10 

 (V) Section 5.03 is amended to read in its entirety as follows: 
  
 5.03 Distribution on Death. If a Participant dies while an active
Participant under the Plan, the full value of his Accounts shall, if elected by his Beneficiary or Beneficiaries, become distributable to his Beneficiary or Beneficiaries, as soon as reasonably practicable after the monthly (prior to January 1,
2004, quarterly) Valuation Date coincident with or, otherwise, immediately following the date of his death, or after any later monthly (prior to January 1, 2004, quarterly) Valuation Date. The distributable cash amount and/or the value of shares of
Employer Stock shall be calculated either as of the cash Special Valuation Date immediately preceding the actual distribution or, if the distribution is from a Segregated Account, in accordance with the provisions of Section 5.10 hereof, whichever
is applicable. 
  
 (W) Section 5.04 is amended to read in its entirety as follows:

  
 5.04 Distribution on Disability. When it is determined
that a Participant is Totally and Permanently Disabled, the Committee shall certify such fact to the Trustee, and the full value of such Disabled Participant’s Accounts shall, if elected by the Participant, become distributable, as soon as
reasonably practicable after the monthly (prior to January 1, 2004, quarterly) Valuation Date coincident with or, otherwise, immediately following the date of his termination of employment due to Total and Permanent Disability (as determined by the
Committee). The distributable cash amount and/or the value of shares of Employer Stock shall either be calculated as of the Special Valuation Date immediately preceding the actual distribution or, if the distribution is from a Segregated Account, in
accordance with the provisions of Section 5.10 hereof, whichever is applicable. 
  
 (X) Section 5.05 is amended to read in its entirety as follows: 
  
 5.05 Distribution on Termination of Employment. Whenever the employment of a Participant shall terminate other than for early, normal or late retirement, death or Total and Permanent Disability, this Section
5.05 shall apply. In such event, the Participant shall cease to be a Participant and the vested and nonforfeitable portion of his Employer Contributions Account/Other Investments or Diversified Investments, if any, and of his Employer Contributions
Account/Stock shall, if elected by the Participant, become distributable, as of the monthly (prior to January 1, 2004, quarterly) Valuation Date coincident with or immediately following his termination of employment or any later monthly (prior to
January 1, 2004, quarterly) Valuation Date. The nonvested and forfeitable portion of his Employer Contributions Account/Other Investments or Diversified Investments and Employer Contributions Account/Stock shall be forfeited as of the Valuation Date
coincident with the close of the Accounting Year during which his termination of employment occurred provided he is not reemployed on or before such date and repays to the Trust Fund any distribution he received (pursuant to Section 5.13) on or
before the end of such Accounting Year. Subject to the provisions of Section 5.12 hereof, the cash amount and value of Employer Stock in the terminated Participant’s Accounts shall either be calculated as of the Special Valuation Date
immediately preceding the actual distribution or, if the distribution is from a Segregated Account, pursuant to the provisions of Section 5.10 hereof, whichever is applicable, provided he is not reemployed on or before the end of such Accounting
Year and repays to the Trust Fund any distribution he received (pursuant to Section 5.13) on or before the end of such Accounting Year. 
  

 11 

 (Y) Section 5.06 is amended to read in its entirety as follows: 
  
 5.06 In-Service Withdrawals. An Employee who has been an active
Participant for at least two (2) years and has attained age fifty-nine and one-half (59 1/2), may withdraw in one
lump sum the entire balance of his vested Accounts, provided the withdrawal satisfies the terms of this Section 5.06. Partial withdrawals are not permitted. Only one (1) in-service withdrawal may be made prior to a Participant’s termination of
employment. 
  
 A Participant may make a request for an
in-service withdrawal at any time and the Committee shall in accordance with its practices and procedures, direct the Trustee to make the withdrawal as soon as reasonably practicable. The amount of any such withdrawal shall be based on the vested
shares of Employer Stock and other amounts credited to the Participant’s Accounts as of the Special Valuation Date immediately preceding the actual distribution. A Participant’s ability to elect a cash distribution shall be determined
pursuant to Section 5.07. 
  
 If an additional Employer
contribution is made to the Plan for the Accounting Year in which the Participant elects an in-service withdrawal, the Participant shall be entitled to a share of such additional Employer contribution which shall be distributed to the Participant
after it is received by the Trustee. The distribution of such an additional Employer contribution shall be made in the same form (i.e., Employer Stock or cash) as the in-service withdrawal was made to the Participant. 
  
 If a cash dividend on the Employer Stock occurs on or before an in-service
withdrawal is distributed but before the cash dividend is received by the Trustee, the Participant’s share of such cash dividend will be distributed to the Participant in cash as soon as reasonably practicable after it is received by the
Trustee. If a stock dividend, split or other recapitalization of Employer Stock (hereinafter referred to as a “stock dividend”) is payable to shareholders of record on or before an in-service withdrawal is distributed but before the stock
dividend is received by the Trustee, the Participant’s share of such stock dividend will be distributed to the Participant as soon as reasonably practicable after it is received by the Trustee. The distribution of such a stock dividend shall be
made in the same form (i.e., Employer Stock or cash) as the in-service withdrawal was made to the Participant. 
  
 If a Participant makes an in-service withdrawal pursuant to the provisions of this Section 5.06 prior to the beginning of the calendar year in which the
Participant Attains Age seventy and one-half (70 1/2), he shall not be entitled to make any Participant
contributions for the six consecutive months after the next practicable pay period after the Committee has received a notice of withdrawal. 
  
 (Z) Section 5.07 is amended to read in its entirety as follows: 
  
 5.07 Distributions Usually In Employer Stock. Except as hereinafter provided, all benefits distributed to or on behalf of a Participant from his
Other Investments or Diversified Investments accounts shall be converted to Employer Stock by the purchase of additional shares by the Trustee to the maximum extent practicable. Any amount that cannot be applied to the purchase of Employer Stock
shall be distributed in cash. All benefits distributed to or on behalf of a Participant from his Stock accounts shall be distributed in whole shares of Employer Stock, except that the value of any fractional share shall be distributed in cash, based
upon the value of such fractional share as of the Special Valuation Date immediately preceding the actual distribution. 
  

 12 

 Notwithstanding the foregoing, unless a Participant requests in writing that his Accounts be distributed
to the maximum extent practicable in shares of Employer Stock, in any case where less than fifty (50) shares of Employer Stock are distributable to the Participant, the Committee shall distribute in cash the distributable balance in his Other
Investments accounts and distribute in cash an amount equal to the fair market value of the distributable shares of Employer Stock credited to his Stock accounts, valued at the closing price of the shares on the New York Stock Exchange as of the
Special Valuation Date immediately preceding the distribution. In addition, the Committee shall, in any case where the number of shares of Employer Stock that is distributable to a Participant hereunder is at least fifty (50) shares but not more
than one hundred (100) shares, afford the Participant the opportunity to elect to have his Accounts either distributed (i) in cash, calculated as hereinabove provided, or (ii) in shares of Employer Stock to the maximum extent practicable (calculated
as hereinabove provided). In any case, where the number of shares of Employer Stock that is distributable to a Participant hereunder is at least one hundred (100) shares or more, the distribution shall, to the maximum extent practicable (calculated
as hereinabove provided), be in shares of Employer Stock. 
  
 Distributions from Diversified Investments Accounts shall be made in cash unless the Participant or Beneficiary elects in writing (on a form which will be provided by the Committee prior to the distribution) that part or all of his
distribution be made in Employer Stock, in which event Employer Stock shall be purchased by the Trustee with the proceeds from the redemption of his Diversified Investments Accounts and distributed to the Participant. 
  
 (AA) Section 5.08 is amended to read in its entirety as follows: 
  
 5.08 Distribution Date. Any benefit payable under this Article
V shall commence within sixty (60) days after the date the benefit becomes distributable hereunder, unless (i) the distributable amount cannot be ascertained within such sixty (60) days, in which event the benefit shall be paid as soon as reasonably
practicable thereafter or (ii) the benefit amount (including the fair market value of the Employer Stock that is distributable) is more than five thousand dollars ($5,000) and the Participant does not elect an immediate distribution, in which event
the distribution shall be deferred to not later than the Participant’s Required Beginning Date, as defined in Section 5.17 hereof. The surviving spouse of a deceased Participant may elect to defer the commencement of benefit distributions to a
date no later than December 31 of the calendar year in which the deceased Participant would have attained age 70 1/2 if the benefit amount (including the fair market value of the Employer Stock that is distributable) is more than five thousand dollars ($5,000). A nonspouse Beneficiary may not defer the commencement of benefit payments. As a
result, benefit payments to a nonspouse Beneficiary shall commence within sixty (60) days after the end of the month (prior to January 1, 2004, calendar quarter) as of which the benefit becomes distributable or as soon as reasonably practicable
thereafter. If the benefit amount (including the fair market value of the Employer Stock that is distributable) to a Participant, or his surviving spouse or Beneficiary is not more than five thousand dollars ($5,000), such benefit shall be
distributed in a lump sum or in the form of a direct rollover to an Eligible Retirement Plan. Any additional contributions allocated to a former Participant who retired, died or became Totally or Permanently Disabled during the Accounting Year for
which an additional contribution is made shall be distributed as soon as practicable after receipt of the 
  

 13 

 contribution by the Trustee. The distribution shall be made in the same form as his benefits were otherwise distributed
as a result of his retirement, death or disability subject to the provisions of Section 5.07 hereof. 
  
 The distribution for the calendar year during which the Participant’s Required Beginning Date occurs shall be equal to the greater of (i) the balance
of the Participant’s Accounts as of the December 31 Valuation Date immediately preceding the distribution, multiplied by a fraction, the numerator of which shall be one and the denominator of which shall be fifteen (15) or, (ii) the required
minimum distribution, computed in accordance with Section 5.17. Each later annual installment distribution shall be made by December 31 of such calendar year. Each later annual distribution shall be equal to the greater of (i) the balance of the
Participant’s Accounts as of the Valuation Date immediately preceding such year multiplied by a fraction, the numerator of which shall be one and the denominator of which shall be the denominator used for the most recent annual installment
distribution reduced by one, or (ii) the required minimum distribution, computed in accordance with Section 5.17. Distributions shall be made pro-rata from each of the Participant’s Accounts. Distributions of amounts in excess of the amount
determined under this Section 5.08 shall be made from such Accounts if requested in writing by the Participant. Notwithstanding the foregoing, any Participant who remains employed after Attaining Age seventy and one-half (70 1/2) shall be afforded the opportunity each Accounting Year after Attained Age 70 1/2 to withdraw part or all of his Accounts under this Plan pursuant to the provisions of Section 5.06 hereof.

  
 (BB) Section 5.09 is amended to read in its entirety as follows:

  
 5.09 Forms of Distribution. The normal form of
distribution shall be a lump sum distribution of Employer Stock and/or cash as provided in Section 5.07 hereof. A Participant or Beneficiary may, however, request an alternative form of distribution of any benefits under the Plan as provided
hereinafter. The request by the Participant or the Beneficiary shall be in writing and shall be filed with the Committee at least thirty (30) days or, in case the Participant is an Insider of the Sponsoring Employer (as defined in Section 4.08
hereof), six (6) months, before distribution is to be made. The alternative forms of distribution are as follows: 
  
 1. If the Participant is entitled to a distributable benefit in an amount or value of more than five thousand dollars ($5,000), periodic
installments in substantially equal annual amounts for a period not longer than hereinafter specified; 
  
 2. A direct rollover to an Eligible Retirement Plan, pursuant to the provisions of Section 5.15 hereof; or 
  
 3. Any combination of the above. 
  
 If periodic installments are elected by a Participant, or a surviving spouse
Beneficiary, the installment payments shall be made in the amount determined in accordance with Section 5.10, subject to Section 5.17 hereof, if applicable (i.e., in an amount equal to (i) substantially equal annual installment payments over fifteen
(15) years or (ii), if applicable, the required minimum distribution under Section 5.17, if greater). 
  
 If periodic installments are elected by a nonspouse Beneficiary of a deceased Participant, the installment payments shall be made over a period not longer
than five (5) years. Benefit payments for a nonspouse beneficiary may not be rolled over to an individual retirement account, annuity or trust. 
  

 14 

 A Participant who has elected installment payments who has not retired or otherwise terminated employment
may elect to suspend his or her annual installment payments, in a written notice to the Committee, provided that the remaining installment payments are resumed by not later than by April 1 of the calendar year immediately following the calendar year
in which the Participant later retires or otherwise terminates employment. 
  
 (CC) Section 5.10 is amended to read in its entirety as follows: 
  
 5.10 Segregated Accounts of Former Participants. As soon as practical after the amount that is distributable to a former Participant is finally determined, if his distribution will either be made in
installments or be delayed more than six (6) months if payable in a lump sum, his Accounts shall be segregated from the other Trust Fund assets into a separate trust account, hereinafter referred to as a “Segregated Account”. The
investment of such Segregated Account shall continue to be governed by the provisions of Section 5.04 of the Trust Agreement and the Employer Stock dividends and other investment income credited to such account shall, to the extent practicable, be
invested in Employer Stock. All disbursements and expenses attributable to such Segregated Accounts shall be charged thereto. Trustee’s fees, however, shall be paid by the Employer. Periodic installment payments from such Segregated Accounts
shall be made in Employer Stock and/or cash pursuant to Section 5.07 hereof; provided, however, that the elections accorded to the Participant in Section 5.07 are based on the aggregate amount of shares of Employer Stock and cash in his Accounts as
of the business day immediately preceding the day the Participant’s Segregated Account is distributed. In the event of the death of either a Participant or a Beneficiary to whom periodic installments are being paid (or are to be paid) prior to
receipt of the full amount of such Segregated Account, the remaining balance of such Segregated Account shall be paid as soon as practical to the Beneficiary or Contingent Beneficiary. The Committee may, with the consent of the Trustee, direct that
Segregated Accounts under this Section 5.10 be commingled for investment purposes. 
  
 (DD) Section 5.16 is amended, effective January 1, 2002, to read in its entirety as follows: 
  
 5.16 Reemployment After a Military Leave; Make-Up Contributions. An Employee who is on a military leave and who is reemployed within the time
required by law after the expiration of his military leave may make Participant make-up contributions for the period of his military leave, based on his deemed Compensation during his military leave as defined in Section 1.12 hereof. Such make-up
contributions may be made in either a single payment or in installments and must be made during the period beginning with the date of the Member’s reemployment after his military leave equal to the lesser of (i) three times the period of his
military leave and (ii) five years. As soon as reasonably practicable after any such Participant make-up contributions are made, the Employer shall make the Matching Employer Contributions that would have been made during the Participant’s
military leave on such make-up contributions. 
  
 (EE) Section 10.05 is amended to
read in its entirety as follows: 
  
 10.05 Distribution
of Rollover Accounts and ESOP Transfer Accounts upon Disability. When the Employee retires (including retirement for Total and Permanent 
  

 15 

 Disability), he shall be entitled to a distribution of the full value of his Rollover Accounts and ESOP Transfer
Accounts, determined as of the Special Valuation Date immediately preceding the actual distribution or, if the distribution is from a Segregated Account, in accordance with the provisions of Section 5.10 hereof, whichever is applicable. Such
distribution shall be made in the form of payment elected in accordance with Section 5.09. 
  
 (FF) Section 10.06 is amended to read in its entirety as follows: 
  
 10.06 Distribution of Rollover Accounts and ESOP Transfer Accounts upon Death. If the Employee dies before his Rollover Accounts and ESOP Transfer
Accounts are distributed to him, his Beneficiary shall be entitled to the full value of his Rollover Accounts and ESOP Transfer Accounts determined as of the Special Valuation Date immediately preceding the actual distribution or, if the
distribution is from a Segregated Account, in accordance with the provisions of Section 5.10 hereof, whichever is applicable. Such Death Benefit shall be in addition to any Death Benefit that is distributed in accordance with Section 5.03 hereof.

  
 (GG) Section 10.07 is amended to read in its entirety as follows: 

 
 10.07 Distribution of Rollover Accounts and ESOP Transfer Accounts
upon Termination of Employment. If an Employee terminates employment for any reason other than retirement or death, his Rollover Accounts and ESOP Transfer Accounts shall continue to be held in the Trust Fund, and shall share in the gains and
losses thereof in accordance with Section 4.02 and Section 4.03, until the first to occur of (i) the date the Employee requests such funds be transferred to another funding medium, (ii) the Employee’s death, or (iii) the date benefits are
distributed to the Employee under the applicable provisions of Article V of this Plan document. 
  
 (HH) Section 10.08 is amended to read in its entirety as follows: 
  
 10.08 Form of Distribution. Any former Employee or retired Employee who is entitled to a distribution under the terms of this Plan may request, and
the Committee shall agree to, a lump sum distribution of his entire vested interest hereunder, as soon as reasonably practicable after the monthly (prior to January 1, 2004, quarterly) Valuation Date coincident with or immediately following his
termination of employment, calculated as of the Special Valuation Date immediately preceding the actual distribution or, if the distribution is from a Segregated Account, in accordance with the provisions of Section 5.10 hereof, whichever is
applicable. 
  

 16 

 (II) Schedule I-2004 is added to read as follows: 
  
 LEGGETT & PLATT, INCORPORATED STOCK BONUS PLAN 
  
 SCHEDULE I - 2004 
  
 List of Participating Employers and Participating Groups 
 as of January 1, 2004 
 Who are
Entitled to Participate 
 in this Plan (by Branch, Location and Clock No.) 
  

											
	 Employer

	  	Br#

	  	 Branch Name/
 Participating Group

	  	 Location

	  	Clock #’s
Covered

	  	First
Enrollment
Date

	Leggett & Platt International Services Corporation	  	0185	  	L&P, Puerto Rico	  	Hato Rey, Puerto Rico	  	All	  	10/1/2002
	Nagle Industries, Inc.	  	0197	  	Nagle - Cumberland	  	Cumberland City, TN	  	> 7999	  	3/2/1999
	Nagle Industries, Inc.	  	0198	  	Nagle - White House	  	White House, TN	  	All	  	3/3/1999
	Schukra USA, Inc.	  	0374	  	Schukra USA	  	Troy- MI	  	All	  	 
	Bergen Cable Technology, Inc.	  	0396	  	Bergen Cable Mexican Assets	  	Lodi, NJ	  	All	  	 
	L&P Acquisition Company – 43	  	0510	  	Vantage - Erwin	  	Erwin, TN	  	All	  	7/26/2001
	L&P Materials Manufacturing, Inc.	  	0520	  	KLM	  	Leesburg, FL	  	All	  	6/1/02
	Leggett & Platt, Incorporated	  	0524	  	Leggett Wood Frame - Commerce	  	Commerce, CA	  	All	  	7/1/02
	Leggett & Platt, Inc	  	0530	  	Sterling Steel Co LLC	  	Sterling, IL	  	> 7999	  	6/3/02
	Andrews Wire Company	  	0535	  	Andrews Wire	  	Andrews, SC	  	All	  	5/20/02
	Leggett & Platt, Incorporated	  	0536	  	Leggettwood-Arlington, WA	  	Arlington, WA	  	All	  	7/1/03
	L&P Acquisitio Company-50	  	0537	  	Solon Specialty Wire Co.	  	Solon, OH	  	All	  	10/27/02
	Nagle Industries, Inc.	  	0543	  	Automotive Cable Division	  	White House, TN	  	All	  	 
	Leggett & Platt Components Company, Inc.	  	0548	  	Sackner Products-NC	  	Statesville, NC	  	All	  	2/22/03
	L&P Mississippi Manufacturing, Inc.	  	0549	  	Sackner Products-MS	  	Verona, MS	  	All	  	2/22/03
	Leggett & Platt, Incorporated	  	0551	  	Sackner Fibers	  	Statesville, NC	  	>8999	  	4/3/03
	A Division of Leggett & Platt, Incorporated	  	0556	  	Garcy Piedmont	  	Piedmont, AL	  	>7999	  	7/10/03
	A Division of Leggett & Platt, Incorporated	  	0557	  	L&P Cedar City	  	Cedar City, UT	  	>7999	  	7/10/03
	A Division of Leggett & Platt, Incorporated	  	0558	  	Spartan Showcase	  	Union, MO	  	>7999	  	7/10/03
	A Division of Leggett & Platt, Incorporated	  	0559	  	Capital Hardware - Niles	  	Niles, MI	  	>7999	  	7/10/03
	A Division of Leggett & Platt, Incorporated	  	0561	  	RHC Fixtures	  	Melrose Park, IL	  	All	  	7/10/03

  

 17 

											
	 Employer

	  	Br#

	  	 Branch Name/
 Participating Group

	  	 Location

	  	Clock #’s
Covered

	  	 First
 Enrollment
 Date

	Leggett & Platt, Incorporated	  	0567	  	Buffalo Batt	  	Cincinnati, OH	  	All	  	7/28/03
	Leggett & Platt, Incorporated	  	0574	  	Pet Products Division	  	Carthage, MO	  	>7999	  	8/14/03
	L&P Mississippi Manufacturing, Inc.	  	0580	  	SCP, Inc.	  	Booneville, MS	  	All	  	10/31/03
	Leggett & Platt, Incorporated	  	0581	  	Spacemaster Administrative Office	  	Melrose Park, IL	  	All	  	7/10/03
	L&P Acquisition Company - 56	  	0582	  	Orthomatic, Inc.	  	Tampa, FL	  	All	  	11/15/03
	Pace Industries, Inc.	  	0849	  	L&P Alum Grp - Tacoma	  	Tacoma, WA	  	>7999	  	2/1/1998
	Leggett & Platt, Inc	  	0P04	  	Masterack-CRN-Baltimore	  	Essex, MD	  	>8999	  	10/1/2002
(Salaried only)
	Leggett & Platt, Incorporated	  	0361	  	Masterack-Lorain	  	Lorain, OH	  	>8999	  	5/1/2000
Salaried only
	L&P Materials Manufacturing, Inc	  	1804	  	Textile Products - Hartex	  	Villa Rica, GA	  	All	  	 
	Leggett & Platt, Incorporated	  	3630	  	Fashion Bed Group - Division	  	Chicago, IL	  	All	  	7/18/2003
	L&P Mississippi Manufacturing, Inc.	  	4201	  	Super Sagless	  	Tupelo, MS	  	All	  	1/1/2002
	Leggett & Platt, Incorporated	  	4603	  	Flex-O-Lators - Azusa	  	Pico Rivera, CA	  	All	  	 
	Leggett & Platt, Incorporated	  	6012	  	L&P, Carpet Cushion Northwest	  	Kent, WA	  	All	  	 
	L&P Financial Services Co.	  	6014	  	L&P Tracy	  	Tracy, CA	  	All	  	 

  
 *            *            * 
  

 18 

 AMENDMENT NO. SIX TO THE 
 LEGGETT & PLATT, INCORPORATED STOCK BONUS PLAN 
 (AS LAST RESTATED AS OF
JANUARY 1, 2002) 
  
 The undersigned officer of Leggett &
Platt, Incorporated (the “Sponsoring Employer”), in accordance with authority delegated pursuant to the resolutions of the Board of Directors of the Sponsoring Employer on May 14, 2003 (copy attached), hereby adopts and enters into
Amendment No. Six to the Leggett & Platt, Incorporated Stock Bonus Plan, a copy of which is attached hereto as Exhibit A and incorporated herein by reference, effective as of January 1, 2004. Also attached and incorporated herein by reference is
a summary of the changes contained in this amendment. 
  
 I hereby
certify that this amendment is within my authority to adopt. 
  
 Dated January 2, 2004. 
  

	
	LEGGETT & PLATT, INCORPORATED
	
	 /s/ JOHN HALE

	 John Hale
 Vice President – Human
Resources

 EXHIBIT A 
  

(JJ) Section 2.02(a) is amended to read in its entirety as follows: 
  
 2.02. Employee Contributions. Each Eligible Employee may make contributions to the Trust Fund in accordance with the
following: 
  
 2.02(a). Employee Pre-Tax
Contributions. For each Accounting Year beginning on or after January 1, 2004, each Eligible Employee whose annual Compensation for the applicable Accounting Year is expected to exceed the Compensation Base (as defined in Section 1.13) for such
Accounting Year shall be provided with an enrollment form by the Committee on which he may authorize that pre-tax Employee contributions be withheld, by payroll deduction, equal to: 
  
 two percent (2%); or, 
 three percent (3%); or, 
 four percent (4%); or, 
 five percent (5%); or, 
 six percent (6%). 
  
 of his Compensation for the Accounting Year which is in excess of: 
  
 $24,697 annually, or 
 $950 biweekly, or 
 $475 weekly, or 
 $11.87 hourly. 
  
 The Committee
shall notify each Participant in the Plan within a reasonable period of time prior to December 31, 2001, that the rate of Participant nondeductible contributions the Participant is making to the Plan will continue after December 31, 2001 as Employee
salary reduction pre-tax contributions, unless the Participant notifies the Committee, on a form that will be furnished the Participant by the Committee, that he does not wish to continue his payroll deduction contributions on a pre-tax basis.

  
 After 2002, the above threshold amounts shall be increased by
the same percentage (and pursuant to the same formula) by which the Compensation Base for Employees who become Participants on and after January 1, 2002 is increased in accordance with the provisions of Section 1.13 hereof. 
  
 Notwithstanding the above, any Eligible Employee who became a Participant
prior to January 1, 1987, and who is not a Highly Compensated Employee, and who is otherwise eligible to participate in this Plan may authorize annual contributions of a dollar amount which is at least equal to the dollar amount the Eligible
Employee contributed to this Plan for 1988. 
  
 Each Eligible
Employee whose annual Compensation for the applicable Accounting Year is not expected to exceed the Compensation Base (as defined in Section 1.13) for such Accounting Year (and who is a salaried Employee), shall be provided an enrollment form by the
Committee on which he may authorize that pre-tax. Employee contributions be withheld, by payroll deduction, equal to not less than five dollars ($5.00) per biweekly payroll period nor more than twenty dollars ($20.00) per biweekly payroll period;
provided that the amount shall be in whole dollars. 
  

 2 

 Prior to January 1, 2002, this Plan provided that Participant contributions would be made on a
nondeductible or after-tax basis. Effective from and after January 1, 2002, Participant nondeductible or after-tax contributions to this Plan are neither required nor permitted. 
  
 A Participant may only elect start, change or stop pre-tax contributions under this Plan by a written notice to the
Committee on a form provided by the Committee. Any such election shall not be effective until receipt and acknowledgment by the Committee or its duly authorized agent. The election shall be implemented as soon as administratively practicable after
receipt of the election by the Corporate Human Resources Department of the Sponsoring Employer. Notwithstanding the foregoing, the Committee may prescribe electronic election and confirmation procedures, where feasible, in lieu of written election
and acknowledgment procedures. 
  
 (KK) Section
4.04 is amended to read in its entirety as follows: 
  
 4.04
Participant Account Statements. As soon as reasonably practicable after the end of each calendar quarter, the Committee shall advise each Participant of the value of his Accounts as of the last business day of such calendar quarter. 

 
 *            *            * 
  

 3

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