Document:

PLAN OF EXCHANGE
                                    BY WHICH
                                 ABC REALTY CO.
                         (A NORTH CAROLINA CORPORATION)
                                  SHALL ACQUIRE
              HARBIN ZHONG HE LI DA JIAO YU KE JI YOU XIAN GONG SI
   (A CORPORATION ORGANIZED UNDER THE LAWS OF THE PEOPLES' REPUBLIC OF CHINA)

                                        1
<PAGE>

I.   RECITALS                                                                  1

1.   The  Parties  to  this  Agreement:                                        1

     (1.1)  ABC  Realty  Co.                                                   1
     (1.2)  Harbin  Zhong  He  Li  Da  Jiao  Yu Ke Ji You Xian Gong Si         1
     (1.3)  Duane  C.  Bennett                                                 1

2.   Capital  of  the  Parties:                                                1

     (2.1)  The  Capital  of  AREY                                             1
     (2.2)  The Capital of Harbin Zhong He Li Da
            Jiao Yu Ke Ji You Xian Gong Si                                     1

3.   Transaction  Descriptive  Summary.                                        1

4.   SEC  compliance.                                                          2

5.   North  Carolina  compliance.                                              2

6.   Audited  Financial  Statements.                                           2

II.  PLAN  OF  EXCHANGE                                                        3

1.   Conditions  Precedent  to  Closing.                                       3

     (1.1)  Shareholder  Approval.                                             3
     (1.2)  Board  of  Directors.                                              3
     (1.3)  Due  Diligence  Investigation.                                     3
     (1.4)  The  rights  of  dissenting  shareholders.                         3
     (1.5)  All  of  the  terms,  covenants  and  conditions.                  3
     (1.6)  The  representations  and  warranties.                             3
     (1.7)  Certificate  of  Duane  Bennett.                                   4

2.   Conditions  Concurrent  and  Subsequent  to  Closing.                     4

     (2.1)  Share  Cancellation.                                               4
     (2.2)  Acquisition  Share  Issuance.                                      4

3.   Plan  of  Exchange.                                                       5

     (3.1)  Exchange  of  Shares:                                              5
     (3.2)  Conversion  of  Outstanding  Stock:                                5
     (3.3)  Closing/Effective  Date:                                           5
     (3.4)  Surviving  Corporations                                            5
     (3.5)  Rights  of  Dissenting  Shareholders:                              5
     (3.6)  Service  of  Process:                                              5
     (3.7)  Surviving  Articles  of  Incorporation:                            5
     (3.8)  Surviving  By-Laws:                                                5
     (3.9)  Further  Assurance,  Good  Faith  and  Fair  Dealing:              5
     (3.10) General  Mutual  Representations  and  Warranties.                 6
          (3.10.1)  Organization  and  Qualification.                          6
          (3.10.2)  Corporate  Authority.                                      6
          (3.10.3)  Ownership  of  Assets  and  Property.                      6
          (3.10.4)  Absence  of  Certain  Changes  or  Events.                 6
          (3.10.5)  Absence  of  Undisclosed  Liabilities.                     7
          (3.10.6)  Legal  Compliance.                                         7
          (3.10.7)  Legal  Proceedings.                                        8
          (3.10.8)  No  Breach  of  Other  Agreements.                         8
          (3.10.9)  Capital  Stock.                                            8
          (3.10.10) SEC  Reports,  Liabilities  and  Taxes                     8
          (3.10.11) Brokers'  or  Finder's  Fees.                              9
     (3.11) Miscellaneous  Provisions                                          9
          (3.11.1)                                                             9
          (3.11.2)                                                             9
          (3.11.3)                                                             9
          (3.11.4)                                                             9
          (3.11.5)                                                             9
          (3.11.6)                                                             9

4.   Termination.                                                             10

5.   Closing                                                                  10

6.   Execution  in  Counterparts

Signatures

          The Remainder of this Page is Intentionally left Blank format

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                                PLAN OF EXCHANGE
                                    BY WHICH
                                 ABC REALTY CO.
                         (A NORTH CAROLINA CORPORATION)
                                  SHALL ACQUIRE
                      HARBIN ZHONG HE LI DA JIAO YU KE JI
                                YOU XIAN GONG SI
           (A CORPORATION ORGANIZED UNDER THE LAWS OF THE P.R. CHINA)

ADJUSTMENTS:  lead     THIS  PLAN OF EXCHANGE is made and dated this 15th day of
September,  2004,  to  supersede  all  previous  agreements,  if any between the
parties. This Agreement anticipates extensive due diligence by both parties, and
may  be terminated by written notice, at any time (i) by mutual consent; (ii) by
either  party  during  the  due  diligence  phase.

                                  I. RECITALS

1.   THE  PARTIES  TO  THIS  AGREEMENT:

     (1.1)  ABC  Realty  Co.  ("AREY"),  a  North  Carolina  corporation.

     (1.2)  Harbin  Zhong He Li Da Jiao Yu Ke Ji You Xian Gong Si, a corporation
            organized and existing  under  the  laws of the P.R. China ("ZHLD").

     (1.3)  Duane  Bennett,  Chairman  of  the  Board  and  indirect controlling
            shareholder  of  AREY.

2.   THE  CAPITAL  OF  THE  PARTIES:

     (2.1)  The  Capital  of AREY consists of 50,000,000 shares of common voting
            stock of $0.001 par value authorized, of which 13,915,000 shares are
            issued and outstanding,  and  5,000,000 shares of preferred stock of
            $.001 par value  authorized,  of  which  no  shares  are  issued and
            outstanding.

     (2.2)  The  Capital  of ZHLD consists of RMB 500,000 in registered capital,
            which for the purposes of this Agreement, are referred to as "common
            stock"  or  "capital  stock".

3.   TRANSACTION  DESCRIPTIVE  SUMMARY:  AREY desires  to  acquire  ZHLD and the
shareholders  of  ZHLD  (the  "ZHLD Shareholders") wish ZHLD to be acquired by a
public  company  such  as  AREY. AREY would acquire 100% of the capital stock of
ZHLD  for  55,000,000  new  shares  of  AREY.  Duane  Bennett  would  cause  C&C
Properties, Inc., owner of 12,000,000 common shares of AREY to tender 11,000,000
shares  of  common  stock  of  AREY  for  cancellation by AREY in exchange for a
payment  by  ZHLD  and/or  the  ZHLD  Shareholders to C&C Properties, Inc. of an
aggregate of $400,000 ($300,000 in cash and $100,000 in a promissory note), less
related  expenses,  in the aggregate. Prior to the closing, AREY will change its
name to such name as ZHLD shall designate, and AREY will increase its authorized
shares  of  common  stock  to  150,000,000  shares.  The parties intend that the
transactions  qualify  and meet the Internal Revenue Code requirements for a tax
free  reorganization, in which there is no corporate gain or loss recognized for
the parties, with reference to Internal Revenue Code (IRC) sections 354 and 368.

4.   SEC  COMPLIANCE.  AREY shall  cause  the  mailing  to its stockholders of a
notice  of  a  Special  Shareholders'  Meeting, together with certain background
information,  relating to the shareholders' authorization of the name change and
increase in authorized capital stock. AREY is not registered under Section 12(g)
of  the  Securities  Exchange  Act  of  1934,  as  amended, and, accordingly, an
Information  Statement on Schedule 14F-1 and Schedule 14C will not be filed with
the  Commission  and  mailed  to  AREY  shareholders  in  connection  with  the
consummation  of  this  exchange  transaction.

5.   NORTH  CAROLINA  COMPLIANCE.  Articles of Exchange are required to be filed
by  North  Carolina  law  as  the  last  act  to  make the acquisition final and
effective  under  North  Carolina  law.

6.   AUDITED  FINANCIAL  STATEMENTS.  Certain filings pursuant to Sections 13 or
15(d)  of  the Securities Exchange Act of 1934, such as a Current Report on Form
8-K, require audited and pro forma financial statements of ZHLD to be filed with
the  Commission  within  5  calendar  days  of the filing of the initial Current
Report  on  Form  8-K  with the Commission. In connection with AREY's (or as its
name  may  be changed by agreement of the parties) filing of a Current Report on
Form  8-K post closing, as it relates to this transaction, audited and pro forma
financial  statements  of  ZHLD  will be prepared and filed with the Commission.

     The  Remainder  of  this  Page  is  Intentionally  left  Blank

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                              II. PLAN OF EXCHANGE

1.   CONDITIONS  PRECEDENT  TO  CLOSING.

     (1.1)  SHAREHOLDER  APPROVAL.  Each  corporate  party  shall  have  secured
            shareholder  approval  for  this  transaction,  if  required,  in
            accordance  with the  laws of  its  place  of  incorporation and its
            constituent  documents.

     (1.2)  BOARD  OF DIRECTORS. The Boards of Directors of each corporate party
            shall  have  approved  the  transaction  and  this  agreement,  in
            accordance with the  laws  of  its  place  of  incorporation and its
            constituent  documents.

     (1.3)  DUE  DILIGENCE INVESTIGATION. Each party shall have furnished to the
            other  party  all  corporate  and  financial  information  which  is
            customary and reasonable,  to  conduct its respective due diligence,
            normal for this kind of transaction. If either party determines that
            there is a  reason  not to complete the Plan of Exchange as a result
            of their due  diligence  examination,  then  they  must give written
            notice to the  other  party  prior  to  the  expiration  of  the due
            diligence examination period. The Due Diligence period, for purposes
            of this paragraph,  shall  expire  on  the Closing Date. The Closing
            Date shall be  September  15,  2004,  unless  extended  to  a  later
            date  by  mutual  agreement  of  the  parties.

     (1.4)  THE  RIGHTS  OF DISSENTING SHAREHOLDERS, if any, of each party shall
            have  been  satisfied  and  the  Board of Directors  of  each  party
            shall  have  determined  to  proceed  with  the  Plan  of  exchange.

     (1.5)  ALL  OF  THE  TERMS,  COVENANTS  AND  CONDITIONS  of  the  Plan  of
            exchange to be  complied with or performed by each party for Closing
            shall have been  complied  with,  performed  or  waived  in writing;
            and

     (1.6)  THE  REPRESENTATIONS  AND  WARRANTIES  of  the  parties,  contained
            in the Plan  of exchange, as herein contemplated, except as amended,
            altered  or  waived  by  the  parties  in  writing,  shall  be  true
            and correct in  all  material  respects  at  the  Closing  Date with
            the same force  and effect as if such representations and warranties
            are made at  and  as  of  such  time;  and  each party shall provide
            the  other  with  a  certificate, certified either  individually  or
            by an officer,  dated  the  Closing  Date,  to  the effect, that all
            conditions  precedent have been  met,  and  that all representations
            and warranties of  such  party  are  true  and  correct  as  of that
            date. The form  and  substance  of  each party's certification shall
            be in form  reasonably  satisfactory  to  the  other.  In  addition,
            it  shall  be  a  condition  precedent  of  ZHLD's  obligation  to
            consummate the closing  that  a certificate of good standing on AREY
            shall have been delivered to it from the Secretary of State of North
            Carolina.

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     (1.7)  CERTIFICATE  OF  BENNETT AND AREY. It shall be a condition precedent
            to ZHLD's obligation to consummate the closing that a certificate of
            Bennett, signing in his individual capacity, and of AREY, signing in
            its corporate capacity,  in  substantially  the  following  form, be
            delivered  to  it  at  or  prior  to  closing:

               (I)  AREY  is  a corporation duly organized, validly existing and
                    in  good  standing  under  the  laws  of  the State of North
                    Carolina  and  has  all  requisite  corporate  power to own,
                    operate  and lease its properties and assets and to carry on
                    its  business.

               (II) The  authorized  capitalization and the number of issued and
                    outstanding  capital  shares  of  AREY  are  accurately  and
                    completely  set  forth  in  the  Plan  of  Exchange.

               (III)The  issued  and  outstanding  shares of AREY (including the
                    55,000,000  new  shares of AREY common stock to be issued at
                    closing)  have  been  duly authorized and validly issued and
                    are  fully  paid  and  non-assessable.

               (IV) AREY  has  the  full  right,  power  and  authority to sell,
                    transfer  and  deliver  55,000,000  new shares of its common
                    stock  to  the  ZHLD Shareholders, and, upon delivery of the
                    certificates representing such shares as contemplated in the
                    Plan  of  Exchange,  will  transfer to the ZHLD Shareholders
                    good,  valid and marketable title thereto, free and clear of
                    all  liens.

               (V)  To  the  best  of  his  knowledge,  there  is no litigation,
                    proceeding  or  governmental  investigation  pending  or
                    threatened  against  or  relating  to  AREY.

               (VI) AREY  has  taken  all  steps  in connection with the Plan of
                    Exchange  and  the  issuance  of shares thereunder which are
                    necessary  to  comply  in  all  material  respects  with the
                    Securities  Act  of  1933,  as  amended,  and the Securities
                    Exchange  Act  of 1934, as well as the rules and regulations
                    promulgated  pursuant  thereto.

2.   CONDITIONS CONCURRENT AND SUBSEQUENT TO CLOSING.

     (2.1)  SHARE  CANCELLATION.  Immediate  upon  or prior to the Closing, AREY
            shall have accepted  the  cancellation  of  11,000,000  shares, such
            that  AREY  shall  have no more  than  2,915,000  shares  issued and
            outstanding,  before the issuance  of new shares as provided herein.
            Payment  for the cancelled  shares  shall  be  made  by  ZHLD and/or
            the ZHLD Shareholders  in  the  amount  of $400,000 in the aggregate
            (composed  of  $300,000 in cash  and $100,000 in a promissory note).

     (2.2)  ACQUISITION  SHARE  ISSUANCE.  Immediately  upon  the  Closing, AREY
            shall issue the  acquisition shares and cancel certain other shares,
            as  follows:

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            AREY  Issued                      13,915,000
            ----------------------------      ----------
            Share  Cancellation               11,000,000
            ----------------------------      ----------
            Subtotal                           2,915,000
            ----------------------------      ----------
            Acquisition  Share  Issuance      55,000,000
            ----------------------------      ----------
            Resulting  Total                  57,915,000
            ----------------------------      ----------

3.   PLAN  OF  EXCHANGE

     (3.1)  EXCHANGE  AND  REORGANIZATION:  AREY  and  ZHLD  shall  be  hereby
            reorganized, such that  AREY shall acquire 100% the capital stock of
            ZHLD,  and ZHLD shall  become  a  wholly-owned  subsidiary  of AREY.

     (3.2)  CONVERSION OF OUTSTANDING STOCK:  Forthwith  upon the effective date
            of  the  Plan,  AREY shall issue 55,000,000 new investment shares of
            its  common  stock  to  or  for  the  ZHLD  Shareholders.

     (3.3)  CLOSING/EFFECTIVE  DATE: The Plan of exchange shall become effective
            immediately upon  approval  and  adoption  by  the  parties  hereto,
            in  the  manner  provided  by  the  law  of  the  places  of
            incorporation  and  constituent  corporate  documents,  and  upon
            compliance with governmental  filing  requirements, such as, without
            limitation, compliance with such sections of the Securities Exchange
            Act of 1934  as  are  applicable,  and  the  filing  of  Articles of
            Exchange under state  law. Closing shall occur when all Requirements
            have been met.  AREY  anticipates  the  filing  of  a Current Report
            on Form 8-K within four business days of the signing of this Plan of
            Exchange,  and the filing  of  an  additional  Form  8-K within four
            business  days  of  the  closing  under  this  Plan  of  Exchange.
            With 5 calendar  days  of  the  second Form 8-K filing, a Form 8-K/A
            filing  will be made to disclose audited  and  pro  forma  financial
            information  about  ZHLD.

     (3.4)  SURVIVING CORPORATIONS: Both corporations shall survive the exchange
            and reorganization herein  contemplated  and  shall  continue  to be
            governed  by  the  laws  of  its  respective  jurisdiction  of
            incorporation.

     (3.5)  RIGHTS  OF  DISSENTING  SHAREHOLDERS:  Each  Party  is  the  entity
            responsible  for  the rights of its own dissenting shareholders, if
            any.

     (3.6)  SERVICE  OF  PROCESS  AND  ADDRESS:  Each corporation shall continue
            to  be amenable to  service  of  process  in  its  own jurisdiction,
            exactly  as  before  this  acquisition.  The  address  of  AREY  is
            7507  Folger  Road, Charlotte, NC  28226.  The address of ZHLD is 58
            Heng Shan  Road,  Kun  Lun  Shopping  Mall,  Nan  Gang  Qu,  Harbin,
            Peoples'  Republic  of  China.  The address of the ZHLD Shareholders
            is  in  care  of  ZHLD  at  58  Heng  Shan  Road,  Kun  Lun Shopping
            Mall,  Nan  Gang  Qu,  Harbin,  Peoples'  Republic  of  China.

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     (3.7)  SURVIVING ARTICLES OF INCORPORATION:  the  Articles of Incorporation
            of  each  Corporation  shall  remain  in  full  force  and  effect,
            unchanged.

     (3.8)  SURVIVING  BY-LAWS:  the By-Laws of each Corporation shall remain in
            full  force  and  effect,  unchanged.

     (3.9)  FURTHER  ASSURANCE,  GOOD  FAITH  AND FAIR DEALING: the Directors of
            each  Company shall  and  will  execute  and  deliver  any  and  all
            necessary documents,  acknowledgments  and  assurances  and  do  all
            things proper to  confirm  or acknowledge any and all rights, titles
            and  interests  created  or  confirmed  herein; and  both  companies
            covenant expressly hereby to deal fairly and in good faith with each
            other and  each others  shareholders.  In furtherance of the parties
            desire, as so  expressed,  and  to  encourage  timely, effective and
            businesslike resolution the  parties  agree that any dispute arising
            between  them,  capable  of  resolution  by  arbitration,  shall  be
            submitted to binding  arbitration. As a further incentive to private
            resolution of any  dispute,  the parties agree that each party shall
            bear its own  costs of dispute resolution and shall not recover such
            costs  from  any  other  party.

     (3.10) GENERAL  MUTUAL  REPRESENTATIONS  AND  WARRANTIES.  The purpose  and
            general  import  of  the Mutual  Representations and Warranties, are
            that each party  has made appropriate full disclosure to the others,
            that no  material  information  has  been  withheld,  and  that  the
            information  exchanged  is  accurate,  true  and  correct.  These
            warranties and representations  are made by each party to the other,
            unless  otherwise  provided,  and  they  speak  and  shall  be  true
            immediately  before  Closing.

          (3.10.1)  ORGANIZATION  AND  QUALIFICATION.  Each  Corporation is duly
                    organized and in good standing (where applicable as a matter
                    of  law),  and  is duly qualified to conduct any business it
                    may  be  conducting,  as required by law or local ordinance.

          (3.10.2)  CORPORATE  AUTHORITY.  Each  Corporation  has  corporate
                    authority,  under  the  laws  of  its  jurisdiction  and its
                    constituent  documents,  to  do  each  and  every element of
                    performance  to which it has agreed, and which is reasonably
                    necessary,  appropriate  and  lawful,  to  carry  out  this
                    Agreement  in  good  faith.

          (3.10.3)  OWNERSHIP  OF  ASSETS  AND  PROPERTY.  Each  Corporation has
                    lawful title and ownership of it property as reported to the
                    other,  and  as  disclosed  in  its  financial  statements.

          (3.10.4)  ABSENCE  OF  CERTAIN  CHANGES  OR  EVENTS.  Each Corporation
                    has  not had any material changes of circumstances or events
                    which  have not been fully disclosed to the other party, and
                    which,  if  different  than previously disclosed in writing,
                    have been disclosed in writing as currently as is reasonably
                    practicable.  Specifically,  and  without  limitation:

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               (3.10.4-A)  the  business  of each Corporation shall be conducted
                    only  in  the  ordinary and usual course and consistent with
                    its  past practice, and neither party shall purchase or sell
                    (or  enter  into  any  agreement to so purchase or sell) any
                    properties  or  assets  or  make  any  other  changes in its
                    operations,  respectively,  taken as a whole, or provide for
                    the  issuance  of, agreement to issue or grant of options to
                    acquire  any  shares,  whether  common, redeemable common or
                    convertible  preferred,  in  connection  therewith;

               (3.10.4-B)  Neither  Corporation  shall (i) amend its Articles of
                    Incorporation  or  By-Laws,  (ii)  change  the  number  of
                    authorized  or  outstanding  shares of its capital stock, or
                    (iii)  declare,  set  aside  or  pay  any  dividend or other
                    distribution  or  payment  in  cash,  stock  or  property;

               (3.10.4-C)  Neither  Corporation shall (i) issue, grant or pledge
                    or  agree  or  propose  to  issue, grant, sell or pledge any
                    shares  of,  or rights of any kind to acquire any shares of,
                    its capital stock, (ii) incur any indebtedness other than in
                    the  ordinary  course of business, (iii) acquire directly or
                    indirectly  by  redemption  or  otherwise  any shares of its
                    capital  stock  of  any  class  (except  for AREY's proposed
                    cancellation  of  shares of common stock) or (iv) enter into
                    or  modify any contact, agreement, commitment or arrangement
                    with  respect  to  any  of  the  foregoing;

               (3.10.4-D)  Except  in  the  ordinary course of business, neither
                    party  shall  (i)  increase  the  compensation payable or to
                    become  payable  by  it to any of its officers or directors;
                    (ii)  make  any  payment  or  provision  with respect to any
                    bonus,  profit  sharing,  stock  option,  stock  purchase,
                    employee  stock  ownership,  pension,  retirement,  deferred
                    compensation, employment or other payment plan, agreement or
                    arrangement for the benefit of its employees (iii) grant any
                    stock  options  or  stock  appreciation rights or permit the
                    exercise  of any stock appreciation right where the exercise
                    of  such  right  is  subject to its discretion (iv) make any
                    change  in  the  compensation  to  be received by any of its
                    officers;  or  adopt,  or  amend to increase compensation or
                    benefits  payable  under,  any collective bargaining, bonus,
                    profit  sharing,  compensation,  stock  option,  pension,
                    retirement,  deferred  compensation, employment, termination
                    or  severance  or  other  plan,  agreement,  trust,  fund or
                    arrangement for the benefit of employees, (v) enter into any
                    agreement  with  respect to termination or severance pay, or
                    any  employment  agreement  or other contract or arrangement
                    with any officer or director or employee, respectively, with
                    respect  to the performance or personal services that is not
                    terminable  without liability by it on thirty days notice or
                    less,  (vi)  increase  benefits  payable  under  its current
                    severance  or  termination,  pay  agreements  or policies or
                    (vii) make any loan or advance to, or enter into any written
                    contract,  lease  or commitment with, any of its officers or
                    directors;

               (3.10.4-E)  Neither  party  shall  assume,  guarantee, endorse or
                    otherwise  become  responsible  for  the  obligations of any
                    other  individual,  firm or corporation or make any loans or
                    advances  to any individual, firm or corporation, other than
                    obligations  and  liabilities expressly assumed by the other
                    that  party;

                                        8
<PAGE>

               (3.10.4-F)  Neither  party shall make any investment of a capital
                    nature  either  by  purchase  of  stock  or  securities,
                    contributions  to  capital, property transfers or otherwise,
                    or  by  the  purchase of any property or assets of any other
                    individual,  firm  or  corporation.

          (3.10.5)  ABSENCE OF UNDISCLOSED LIABILITIES.  Each  Corporation  has,
                    and  has  no  reason  to  anticipate  having,  any  material
                    liabilities  which  have not been disclosed to the other, in
                    the  financial  statements  or  otherwise  in  writing.

          (3.10.6)  LEGAL  COMPLIANCE.  Each  Corporation  shall  comply  in all
                    material  respects  with all Federal, state, local and other
                    governmental  (domestic  or  foreign)  laws,  statutes,
                    ordinances,  rules,  regulations  (including  all applicable
                    securities  laws),  orders,  writs,  injunctions,  decrees,
                    awards  or  other  requirements  of  any  court  or  other
                    governmental  or  other authority applicable to each of them
                    or  their  respective  assets  or  to  the  conduct of their
                    respective businesses, and use their best efforts to perform
                    all  obligations  under all contracts, agreements, licenses,
                    permits  and  undertaking  without  default.

          (3.10.7)  LEGAL  PROCEEDINGS.  Each  Corporation  has  no  legal
                    proceedings,  administrative  or  regulatory  proceeding,
                    pending or suspected, which have not been fully disclosed in
                    writing  to  the  other.

          (3.10.8)  NO  BREACH  OF OTHER AGREEMENTS.  This  Agreement,  and  the
                    faithful  performance  of this agreement, will not cause any
                    breach  of  any  other  existing agreement, or any covenant,
                    consent  decree,  or undertaking by either, not disclosed to
                    the  other.

          (3.10.9)  CAPITAL  STOCK.  The  issued  and outstanding shares and all
                    shares  of  capital stock of each Corporation is as detailed
                    herein,  that  all  such  shares  are  in  fact  issued  and
                    outstanding, duly and validly issued, were issued as and are
                    fully  paid  and non-assessable shares, and that, other than
                    as  represented  in  writing, there are no other securities,
                    options,  warrants or rights outstanding, to acquire further
                    shares  of  such  Corporation.

          (3.10.10) SEC REPORTS, LIABILITIES AND TAXES. ( i ) AREY has filed all
                    required  registration  statements,  prospectuses,  reports,
                    schedules, forms, statements and other documents required to
                    be  filed  by  it  with  the  SEC  since  the  date  of  its
                    registration  under  the  Securities Act of 1933, as amended
                    (collectively, including all exhibits thereto, the "AREY SEC
                    Reports").  None  of  the  AREY  SEC  Reports,  as  of their
                    respective  dates,  contained  any  untrue  statements  of
                    material fact or failed to contain any statements which were
                    necessary  to  make the statements made therein, in light of
                    the  circumstances,  not  misleading.  All  of  the AREY SEC
                    Reports, as of their respective dates (and as of the date of
                    any  amendment to the respective AREY SEC Reports), complied
                    as  to  form  in  all  material respects with the applicable
                    requirements  of the Securities Act and the Exchange Act and
                    the  rules  and  regulations  promulgated  thereunder.

                                        9
<PAGE>

               (ii) Except  as  disclosed in the AREY SEC Reports filed prior to
                    the date hereof, AREY and its Subsidiaries have not incurred
                    any  liabilities  or  obligations  (whether  or not accrued,
                    contingent  or otherwise) that are of a nature that would be
                    required  to be disclosed on a balance sheet of AREY and its
                    Subsidiaries or the footnotes thereto prepared in conformity
                    with  GAAP,  other  than  (A)  liabilities  incurred  in the
                    ordinary  course  of  business or (B) liabilities that would
                    not,  in  the  aggregate,  reasonably  be expected to have a
                    material  adverse  effect  on  AREY.

               (iii)Except  as  disclosed in the AREY SEC Reports filed prior to
                    the  date hereof, AREY and each of its Subsidiaries (i) have
                    prepared  in  good  faith  and duly and timely filed (taking
                    into account any extension of time within which to file) all
                    material tax returns required to be filed by any of them and
                    all  such filed tax returns are complete and accurate in all
                    material  respects;  (ii) have paid all taxes that are shown
                    as due and payable on such filed tax returns or that AREY or
                    any  of  its  Subsidiaries  are obligated to pay without the
                    filing  of  a  tax  return;  (iii)  have  paid  all  other
                    assessments  received to date in respect of taxes other than
                    those  being contested in good faith for which provision has
                    been made in accordance with GAAP on the most recent balance
                    sheet  included  in  AREY's  financial statements; (iv) have
                    withheld  from  amounts  owing  to any employee, creditor or
                    other  person  all  taxes required by law to be withheld and
                    have  paid  over  to  the proper governmental authority in a
                    timely  manner  all  such withheld amounts to the extent due
                    and  payable; and (v) have not waived any applicable statute
                    of  limitations  with  respect  to  United States federal or
                    state  income  or  franchise  taxes  and  have not otherwise
                    agreed  to  any  extension  of time with respect to a United
                    States  federal  or state income or franchise tax assessment
                    or  deficiency.

          (3.10.11) BROKERS' OR  FINDER'S FEES. Each Corporation is not aware of
                    any  claims  for  brokers'  fees, or finders' fees, or other
                    commissions  or  fees,  by  any  person not disclosed to the
                    other, which would become, if valid, an obligation of either
                    company.

     (3.11) MISCELLANEOUS  PROVISIONS

          (3.11.1)  Except  as  required  by  law,  no  party  shall provide any
                    information  concerning  any  aspect  of  the  transactions
                    contemplated  by  this  Agreement to anyone other than their
                    respective  officers,  employees and representatives without
                    the  prior  written consent of the other parties hereto. The
                    aforesaid  obligations  shall  terminate  on  the earlier to
                    occur of (a) the Closing, or (b) the date by which any party
                    is  required  under its articles or bylaws or as required by
                    law,  to provide specific disclosure of such transactions to
                    its  shareholders,  governmental  agencies  or  other  third
                    parties.  In  the event that the transaction does not close,
                    each  party  will  return  all  confidential  information
                    furnished  in  confidence  to  the  other.  In addition, all
                    parties  shall consult with each other concerning the timing
                    and  content  of  any  press  release  or news release to be
                    issued  by  any  of  them.

                                       10
<PAGE>

          (3.11.2)  This Agreement may be executed simultaneously in two or more
                    counterpart  originals.  The  parties  can and may rely upon
                    facsimile  signatures  as  binding  under  this  Agreement,
                    however, the parties agree to forward original signatures to
                    the other parties as soon as practicable after the facsimile
                    signatures  have  been  delivered.

          (3.11.3)  The  Parties  to  this  agreement  have no wish to engage in
                    costly  or  lengthy litigation with each other. Accordingly,
                    any  and  all  disputes  which the parties cannot resolve by
                    agreement  or  mediation,  shall  be  submitted  to  binding
                    arbitration  under  the  rules  and auspices of the American
                    Arbitration  Association.  As  a  further incentive to avoid
                    disputes,  each party shall bear its own costs, with respect
                    thereto,  and  with  respect to any proceedings in any court
                    brought  to  enforce or overturn any arbitration award. This
                    provision is expressly intended to discourage litigation and
                    to  encourage  orderly,  timely and economical resolution of
                    any  disputes  which  may  occur.

          (3.11.4)  If  any  provision  of  this  Agreement  or  the application
                    thereof  to any person or situation shall be held invalid or
                    unenforceable,  the  remainder  of  the  Agreement  and  the
                    application of such provision to other persons or situations
                    shall  not  be effected thereby but shall continue valid and
                    enforceable  to  the  fullest  extent  permitted  by  law.

          (3.11.5)  No waiver by any party of any occurrence or provision hereof
                    shall  be  deemed  a  waiver  of  any  other  occurrence  or
                    provision.

          (3.11.6)  The  parties  acknowledge  that  both they and their counsel
                    have  been  provided  ample opportunity to review and revise
                    this  agreement  and  that  the  normal rule of construction
                    shall  not  be  applied  to  cause  the  resolution  of  any
                    ambiguities  against  any party presumptively. The Agreement
                    shall  be  governed  by and construed in accordance with the
                    laws  of  the  State  of  North  Carolina.

4.   TERMINATION.  The Plan  of  exchange  may  be terminated by written notice,
at  any  time prior to closing, by either party whether before or after approval
by  the  shareholders  of  either or both; (i) by mutual consent; (ii) by either
party  during  the  due  diligence phase, or (iii) by either party, in the event
that  the  transaction  represented  by the anticipated Plan of exchange has not
been  implemented  or  approved  by the proper governmental authorities 120 days
from  the  of  this  Agreement.  In  the  event  that termination of the Plan of
exchange  by  either  or  both,  as  provided  above, the Plan of exchange shall
forthwith  become  void  and  there  shall be no liability on the part of either
party  or  their  respective  officers  and  directors.

5.   CLOSING.  The parties  hereto  contemplate that the closing of this Plan of
Exchange  shall  occur  as  soon  as  practicable after the date of its signing.
Certificates  for  the 55,000,000 shares of AREY common stock  will be delivered
to  ZHLD for distribution to the ZHLD Shareholders pursuant to an exemption from
registration  provided  by  Regulation  S  under  the Securities Act of 1933, as
amended.  All  funds  to  be  paid  for  the cancellation of the C&C Properties,
Inc.'s  cancellation  of 11,000,000 shares will be delivered in cash to Bennett,
as  the  President  and  sole  stockholder  of  C&C  Properties,  Inc

                                       11
<PAGE>

6.   EXECUTION IN COUNTERPARTS.  This Agreement may be executed in any number of
counterparts,  and  when  all  of  the  counterparts  are  assembled it shall be
considered  as  one  document  and  shall  be  a legally binding and enforceable
contract.

             The Remainder of this Page is Intentionally left Blank

                                       12
<PAGE>

     The  parties  hereto,  intending  to  be  bound,  hereby  sign this Plan of
Exchange  below  as  of  the  date  first  written  above.

ABC  REALTY CO.                                    HARBIN ZHONG HE LI DA JIAO YU
                                                   KE JI YOU XIAN GONG SI

By:  /s/  Duane  Bennett                           By:  /s/  Yu,  Xi  Qun
     -------------------                                -----------------
     Duane  Bennett,  Chairman                          Yu, Xi Qun, President

DUANE  C.  BENNETT

By:  /S/  Duane  C.  Bennett
    (Individually)EX-10.(a)

DEFERRED COMPENSATION PLAN

FOR DIRECTORS OF

OLD NATIONAL BANCORP AND SUBSIDIARIES

(As Amended and Restated Effective as of January 1, 2003)

1

DEFERRED COMPENSATION PLAN

FOR DIRECTORS OF

OLD NATIONAL BANCORP AND SUBSIDIARIES

TABLE OF CONTENTS

	 	 	 
	ARTICLE

	 	PAGE
	 

	 	 

	 	 	 	 	 
	INTRODUCTION
	 	 	1	 

	 	 	 	 	 
	I            DEFINITIONS
	 	 	1	 

	 	 	 	 	 
	1.1 “Adjustment”
	 	 	1	 
	1.2 “Board”
	 	 	1	 
	1.3 “Code
	 	 	1	 
	1.4 “Committee”
	 	 	1	 
	1.5 “Company”
	 	 	1	 
	1.6 “Compensation”
	 	 	1	 
	1.7 “Director”
	 	 	2	 
	1.8 “Disabled” or “Disability”
	 	 	2	 
	1.9 “Effective Date”
	 	 	2	 
	1.10 “Individual Account”
	 	 	2	 
	1.11 “Participant”
	 	 	2	 
	1.12 “Plan”
	 	 	2	 
	1.13 “Plan Year”
	 	 	2	 
	1.14 “Subsidiary” or “Subsidiaries”
	 	 	2	 

	 	 	 	 	 
	II            ELIGIBILITY AND PARTICIPATION
	 	 	2	 

	 	 	 	 	 
	III            CONTRIBUTIONS AND ALLOCATIONS
	 	 	3	 

	 	 	 	 	 
	3.1 Participant Deferral Contributions
	 	 	3	 
	3.2 Compensation Deferral Agreement
	 	 	3	 
	3.3 Allocation of Adjustments
	 	 	4	 

	 	 	 	 	 
	IV            INVESTMENT OF CONTRIBUTIONS
	 	 	4	 

	 	 	 	 	 
	4.1 Investment Credits
	 	 	4	 
	4.2 Crediting of Adjustments
	 	 	5	 
	4.3 Notification to Participants
	 	 	5	 
	4.4 Unsecured Contractual Rights
	 	 	6	 

	 	 	 
	ARTICLE

	 	PAGE
	 

	 	 

	 	 	 	 	 
	V            DISTRIBUTIONS
	 	 	6	 

	 	 	 	 	 
	5.1 Time of Payment of Benefits
	 	 	6	 
	5.2 Methods of Payment
	 	 	6	 
	5.3 Death of the Participant and Beneficiary Designation
	 	 	7	 
	5.4 Suspension of Distributions on Insolvency of Company
	 	 	8	 
	5.5 Suspension of Installment Distributions Upon Reinstatement
	 	 	8	 

	 	 	 	 	 
	VI            PLAN ADMINISTRATION
	 	 	9	 

	 	 	 	 	 
	6.1 Appointment of the Committee
	 	 	9	 
	6.2 Powers and Responsibilities of the Committee
	 	 	9	 
	6.3 Liabilities
	 	 	10	 
	6.4 Claims and Review Procedures
	 	 	10	 

	 	 	 	 	 
	VII            AMENDMENT AND TERMINATION OF THE PLAN
	 	 	13	 

	 	 	 	 	 
	7.1 Amendment of the Plan
	 	 	13	 
	7.2 Termination of the Plan
	 	 	13	 

	 	 	 	 	 
	VIII            MISCELLANEOUS
	 	 	13	 

	 	 	 	 	 
	8.1 Governing Law
	 	 	13	 
	8.2 Headings and Gender
	 	 	14	 
	8.3 Participant’s Rights; Acquittance
	 	 	14	 
	8.4 Spendthrift Clause
	 	 	14	 
	8.5 Counterparts
	 	 	14	 
	8.6 No Enlargement of Director Rights
	 	 	14	 
	8.7 No Guarantee
	 	 	14	 
	8.8 Limitations on Liability
	 	 	14	 
	8.9 Incapacity of Participant or Beneficiary
	 	 	14	 
	8.10 Corporate Successors
	 	 	15	 

	 	 	 	 	 
	SIGNATURES
	 	 	15	 

2

INTRODUCTION

Effective January 1, 2003, Old National Bancorp (the “Company”) adopts the Amended and
Restated Deferred Compensation Plan for Directors of Old National Bancorp and Subsidiaries (the
“Plan”), as set forth herein. The Plan was originally effective January 1, 2000, and, prior to
this amendment and restatement effective January 1, 2003, was not subsequently amended after its
original effective date.

The purpose of this Plan is to formalize the terms and conditions pursuant to which certain
eligible directors of the Company may elect to defer the receipt of all or a portion of the
compensation to be paid to such directors by the Company, for the valuable services which such
directors perform for the benefit of the company, and upon which the Company shall pay such
deferred compensation to such directors at the cessation of their services as directors, or to
their designated beneficiaries in the event of their death prior to the receipt of the full amount
of such deferred compensation.

The Company intends this Plan to be an unfunded, non-qualified plan of deferred compensation,
maintained primarily to provide retirement income for its directors eligible to participate in the
Plan, both for income tax purposes under the Internal Revenue Code of 1986, as amended, and for the
purpose of an exempt plan under the Employee Retirement Income Security Act of 1974, as amended.

ARTICLE I

DEFINITIONS

Whenever the initial letter of a word or phrase is capitalized herein, the following words and
phrases shall have the meanings stated below unless a different meaning is plainly required by the
context:

1.1 “Adjustment” 1.2 means the hypothetical net increases and decreases in the market value of
the Individual Account of each Participant as described in Article IV.

1.2 “Board” means the Board of Directors of Old National Bancorp.

1.3 “Code” means the Internal Revenue Code of 1986, as amended from time to time. References
to a section of the Code shall include that section and any comparable section or sections of any
future legislation that amends, supplements or supersedes said section.

1.4 “Committee” means the Compensation Committee of the Board, or a duly authorized officer
of the Company empowered by such Committee to act on its behalf, responsible for administering the
Plan, as described in Section 6.2.

1.5 “Company” means Old National Bancorp and its Subsidiaries.

1.6 “Compensation” means the total amount of retainer and board or committee meeting fees
paid by the Company to the Director during or for a calendar year. Compensation taken into account
for all purposes under the Plan shall not be limited as provided in Section 401(a)(17) of the Code.

1.7 “Director” means an individual who: (i) is not employed by the Company or a Subsidiary;
(ii) is serving as a member of the board of directors of either the Company, Old National Bank or a
Subsidiary, or is serving as an associate director of one of the Company’s community banks; and
(iii) has been designated by the Committee as eligible for participation in this Plan.

1.8 “Disabled” or “Disability” means the physical or mental condition which totally and
permanently prevents the Participant from performing his duties as a Director. The Committee
shall be the sole and final judge of Disability within the meaning of the Plan, after consideration
of such evidence as it may require, including the reports of such physician or physicians as it may
designate.

1.9 “Effective Date” of the Plan means January 1, 2000; the effective date of this amended
and restated Plan is January 1, 2003.

1.10 “Individual Account” means the individual account maintained for each Participant in
accordance with the terms of the Plan. Such Individual Account is comprised of the contributions
made to the Plan by the Company pursuant to Section 3.1, in lieu of cash paid by the Company
directly to the Director, at the election of the Participant under a Compensation Deferral
Agreement between the Participant and the Company, plus the Adjustments credited thereto pursuant
to Section 3.3, reduced by any distributions therefrom pursuant to Article V. Although the term
“contribution” is used herein for ease of reference, credits to a Participant’s Individual Account
under the Plan are merely credits to a bookkeeping account and are not actual cash or other
contributions.

1.11 “Participant” means a Director who is eligible to become and who does become a
Participant pursuant to the provisions of Article II of the Plan.

1.12 “Plan” means the Supplemental Deferred Compensation Plan For Directors of Old National
Bancorp and Subsidiaries.

1.13 “Plan Year” means the twelve (12) month period beginning January 1 and ended December
31.

1.14 “Subsidiary” or “Subsidiaries” means any corporation more than fifty percent (50%) of
whose total combined voting stock of all classes is held by the Company or by another corporation
qualifying as a Subsidiary within this definition.

ARTICLE II

ELIGIBILITY AND PARTICIPATION

A Director is eligible to commence participation in the Plan upon written notice by the
Committee that he has been designated as an eligible Participant under the Plan. Participation
will commence as of the date such Director enters into a Compensation Deferral Agreement pursuant
to Section 3.2.

ARTICLE III

3

CONTRIBUTIONS AND ALLOCATIONS

3.1 Participant Deferral Contributions.

	 	(a)	 	Amount of Contribution. Each Plan Year the Participant
may elect prior to the beginning of the Plan Year to defer either twenty-five
percent (25%), fifty percent (50%), seventy-five (75%) or one hundred percent
(100%) of the Compensation otherwise payable to the Participant during the Plan
Year. Provided, however, in the case of a Participant’s initial year of
participation under the Plan, the Participant may elect to commence
compensation deferral contributions within sixty (60) days after the
Participant is designated as a Participant by the Committee; such election
shall commence with respect to Compensation paid after the effective date of
the election. Such percentage shall remain in effect throughout the Plan Year
and for each Plan Year thereafter until another percentage (either 25%, 50%,
75% or 100%) is elected by the Participant prior to the beginning of the
applicable Plan Year, or until the Committee notifies the Participant that the
Participant is no longer eligible for contributions under this Section 3.1.

	 	(b)	 	Limit on Contributions. The maximum percentage of a
Participant’s Compensation that may be subject to Participant deferral
contributions for a Plan Year commencing on or after January 1, 2000, shall not
exceed one hundred percent (100%) of such Participant’s Compensation for such
Plan Year.

	 	(c)	 	Timing of Contributions. Compensation deferral
contributions made for the benefit of a Participant for any Plan Year shall be
made to the Participant’s Individual Account not less often than once per
calendar quarter.

3.2 Compensation Deferral Agreement. As a condition to the Company’s obligation to
credit Compensation deferral contributions for the benefit of a Participant pursuant to Section
3.1, the Participant must execute a Compensation Deferral Agreement with the Company on such forms
as shall be prescribed by the Committee, a copy of which is attached hereto as Exhibit One, in
which it is agreed that the Company will withhold payment of all or a portion of the Participant’s
Compensation and shall credit such amount withheld to the Participant’s Individual Account at the
times set forth in the Plan. Except as otherwise provided in Section 3.1(a), in the case of a
Participant’s initial year of participation under the Plan, the Compensation Deferral Agreement for
any Plan Year must be executed and delivered by the Participant and the Employer prior to the first
day of the Plan Year to which the Compensation Deferral Agreement relates.

The Participant’s election to defer a portion of his Compensation each year shall be
irrevocable once made, except that the Committee, in its sole discretion, may waive the
Participant’s election to defer Compensation if the Participant has suffered an unforeseeable
emergency which results in a severe financial hardship. Such waiver shall apply to the portion of
the Plan Year remaining after the Committee’s determination that the Participant has suffered a
severe financial hardship. The effective date of the waiver shall be fixed by the Committee after
application by the Participant under such procedures as may be fixed by the Committee. The
Participant’s application shall include a signed statement of the facts causing financial hardship
and any other facts required by the Committee in its discretion. For the purposes of this Section
3.2, an unforeseeable emergency is a severe financial hardship to a Participant resulting from a
sudden and unexpected illness or accident of the Participant or of a dependent of the Participant
(as defined in IRC Section 152(a)), loss of the Participant’s property due to casualty, or other
similar extraordinary and unforeseen circumstances arising as a result of events beyond the control
of the Participant. The circumstances that will constitute an unforeseeable emergency will depend
upon the facts of each case; however, the Committee shall not grant any waiver of a Participant’s
deferral election to the extent that his hardship may be relieved (i) through reimbursement or
compensation by insurance or otherwise; (ii) by liquidation of Participant’s assets, to the extent
liquidation of such assets would not itself cause severe financial hardship; or (iii) by cessation
of salary deferral contributions under any other retirement plan, qualified or non-qualified, in
which he may also be a participant. An unforeseeable emergency shall not include the need to send
the Participant’s child to college or the desire to purchase a home.

3.3 Allocation of Adjustments.

	 	(a)	 	Individual Account. The Committee shall establish and
maintain an account to be known as the Individual Account in the name of each
Participant, to which the Committee shall credit all amounts allocated to each
such Participant pursuant to this Article III.

	 	(b)	 	Determination of Adjustments. Following the
allocations made pursuant to Section 3.1, the Committee shall determine the
Adjustments for each calendar quarter during the applicable Plan Year pursuant
to Section 4.2.

	 	(c)	 	Allocation of Adjustments. The Adjustments shall be
allocated as of each March 31, June 30, September 30 and December 31 to the
Individual Accounts of Participants who maintain a credit balance in their
Individual Accounts as of any such date.

ARTICLE IV

INVESTMENT OF CONTRIBUTIONS

4.1 Investment Credits.

	 	(a)	 	For each Plan Year commencing prior to January 1, 2003, the
Individual Account of each Participant was credited with the hypothetical
increase or decrease in that account resulting from the investment and
reinvestment elections made by the Participant pursuant to the Participant
Directed Investment option set forth in Section 4.1 of the Plan as in effect
prior to January 1, 2003. Effective January 1, 2003, such option is no longer
available under the Plan.

	 	(b)	 	For the Plan Year commencing January 1, 2003, the Individual
Account of each Participant shall be credited with the hypothetical increase or
decrease in that account resulting from the investment elections made by the
Participant pursuant to this sub-section. Effective January 1, 2003, each
Participant may elect to hypothetically invest the entirety of his or her
Individual Account in one of the following options: (i) a 100% Fixed Income
Fund; (ii) a 50% Equity/50% Bond (Balanced) Fund; or (iii) an 80% Equity/20%
Bond (Aggressive) Fund. The election as of January 1, 2003, of the Fixed
Income Fund by a Participant is irrevocable thereafter. A Participant who
elects, as of January 1, 2003, the investment of his or her Individual Account
in either the Balanced Fund or the Aggressive Fund may subsequently elect, as
of either April 1, 2003 or July 1, 2003, to irrevocably change such election
and hypothetically invest the entirety of his or her Individual Account
thereafter only in the Fixed Income Fund. Effective October 1, 2003, and
regardless of any contrary hypothetical investment election of a Participant
prior to such date, the entirety of each Participant’s Individual Account will
be automatically transferred to the Fixed Income Fund.

	 	(c)	 	For each Plan Year commencing on or after January 1, 2004, the
Individual Account of each Participant shall be credited with a hypothetical,
fixed rate of return as determined by the Committee in its sole and absolute
discretion. Prior to each such Plan Year the Committee shall so determine such
rate of return which rate shall be in effect for the entirety of the next
following Plan year. For example, prior to January 1, 2004 the Committee shall
determine the rate of return for the Plan Year commencing January 1, 2004 and
ending December 31, 2004. The Committee, in its sole and absolute discretion,
may determine the fixed rate of return by using any formula or other
methodology it deems prudent and the Committee may, in its sole and absolute
discretion, change such formula or other methodology at any time and from time
to time as it deems prudent to do so; provided, however, no such change shall
be applied retroactively if such application would result in a reduction of the
fixed rate of return in effect for any Plan Year.

4.2 Crediting of Adjustments. As of each calendar quarter the Individual Account of
each Participant shall be credited with a hypothetical amount of investment earnings for the
allocation period then ending equal to the rate of investment earnings in effect for such period
multiplied by the sum of (1) the hypothetical balance credited to such Account as of the first day
of such period, and (2) the contributions allocated to such Account during such period.

4.3 Notification to Participants. For each Plan Year commencing on or after January
1, 2003, as soon as administratively feasible, and in no event later than the due date of the
Participant’s Compensation Deferral Agreement under Section 3.2 for such Plan Year, the Committee
shall notify each Participant of the hypothetical fixed rate of return determined for such Plan
year by the Committee under Section 4.1.

4.4 Unsecured Contractual Rights. The Plan at all times shall be unfunded and shall
constitute a mere promise by the Company to make benefit payments in the future. Notwithstanding
any other provision of this Plan, neither a Participant nor his designated beneficiary shall have
any preferred claim on, or any beneficial ownership interest in, any assets of the Company prior to
the time benefits are paid as provided in Article V, including any Compensation deferred hereunder
by the Participant. All rights created under this Plan shall be mere unsecured contractual rights
of the Participant against the Company.

ARTICLE V

DISTRIBUTIONS

5.1 Time of Payment of Benefits . All amounts credited to a Participant’s Individual
Account, including any Adjustments credited in accordance with Section 4.2, shall be distributed,
if payable in a single lump sum, or shall commence to be distributed, if payable in annual
installments, in the month of January following the date as of which the Participant incurs a
distributable event (as defined herein). Subsequent installments shall be paid each January
thereafter until exhausted. For all purposes under the Plan, a distributable event with respect to
each Participant shall occur on the earliest of the following dates: (i) the Participant’s death,
(ii) the date on which the Committee makes a determination that the Participant is Disabled, (iii)
the date as of which the Participant ceases to be a Director; or (iv) the date on which the
Participant attains age seventy (70) years.

5.2 Methods of Payment. A Participant’s Individual Account shall be distributed to
the Participant, or to his designated beneficiary in the event of his death, in one the following
methods effectively elected by the Participant in his Benefit Election Form [as described in (c)
below]:

(a) A single lump sum; or

	 	(b)	 	Annual installments payable over a period of anywhere from two
(2) to ten (10) years, as selected by the Participant.

	 	(c)	 	In order to be timely, a Participant’s election of the form in
which his benefits hereunder shall be distributed must be made by delivering a
Benefit Election Form, a sample of which is attached hereto as Exhibit Two, to
the Committee not later than ten (10) days prior to the date as of which the
Participant ceases to be a Director for reasons other than Disability or death,
or, if earlier, the date as of which the Participant attains age seventy (70)
years. In the case of the Participant’s Disability or death, his Benefit
Election Form must be delivered to the Committee prior to the date on which the
Committee determines that the Participant is Disabled or prior to the date of
his death. If the Participant does not elect a form of distribution, or such
election is not timely or properly made, the Participant’s entire benefit shall
be paid in the form of a single lump sum.

	 	(d)	 	Except as otherwise provided in Section 5.5, a Benefit Election
Form is irrevocable once Plan benefits are paid or commence to be paid. Prior
thereto a Benefit Election Form is revocable by the Participant and may be
superseded by timely delivering a new Benefit Election Form to the Committee
not later than the date set forth in subsection (c) above.

	 	(e)	 	A Benefit Election Form must be fully completed, dated, signed
by the Participant and timely delivered to the Committee, or to any individual
designated by the Committee to receive such forms on its behalf, in order to be
of full force and effect. Any such form which is incomplete, undated, unsigned
or untimely delivered shall be of no force or effect.

	 	(f)	 	In the event a Participant elects an annual installment method
the initial annual installment amount will be the Individual Account balance
otherwise payable in a single sum multiplied by a fraction, the numerator of
which is one (1) and the denominator of which is the number of years, two (2)
through ten (10), over which the installments shall be paid, as selected by the
Participant. Subsequent annual installments will also be a fraction of the
unpaid Individual Account balance, the numerator of which is always one (1) but
the denominator of which is the denominator used in calculating the previous
installment minus one (1). For example, if the Participant elects an
installment payment of his account over a three (3) year period, the initial
installment will be one-third (1/3) of the single sum account balance, the
second installment will be one-half (1/2) of the remaining account balance and
the third and final installment will be the entirety (1/1) of the remaining
account balance.

5.3 Death of the Participant and Beneficiary Designation.

	 	(a)	 	Form and Time of Payment. In the event of a
Participant’s death, his entire Individual Account (or his entire remaining
Individual Account if an annual installment distribution thereof had previously
commenced) shall be paid to the Participant’s designated beneficiary in a
single lump sum as soon as administratively feasible following the date of
death.

	 	(b)	 	Designation of Beneficiaries. A Participant may
designate one or more primary or contingent beneficiaries for the receipt of
any death benefit payable on his behalf from the Plan. Such designation must
be in writing on a Beneficiary Designation Form prepared by the Committee for
this purpose, a copy of which is attached hereto as Exhibit Three. To be
effective a Beneficiary Designation Form must be fully completed, dated, signed
by the Participant and delivered to the Committee prior to the date of the
Participant’s death. Any such form which is incomplete, undated, unsigned by
the Participant or untimely delivered to the Committee shall be of no force or
effect. If the Participant fails to designate a beneficiary, or if such
designation shall for any reason be illegal or ineffective, or if no designated
beneficiary survives the Participant, his benefits under the Plan shall be
paid: (i) to his surviving spouse; (ii) if there is no surviving spouse, to
his descendants (including legally adopted children or their descendants)
per stirpes; (iii) if there is neither a surviving spouse nor
surviving descendants, to the duly appointed and qualified executor or other
personal representative of the Participant to be distributed in accordance with
the Participant’s will or applicable intestacy law; or (iv) in the event that
there shall be no such representative duly appointed and qualified within
thirty (30) days after the date of death of the Participant, then to such
persons as, at the date of his death, would be entitled to share in the
distribution of the Participant’s estate under the provisions of the applicable
statute then in force governing the descent of intestate property, in the
proportions specified in such statute. The Committee may determine the
identity of the distributees, and in so doing may act and rely upon any
information it may deem reliable upon reasonable inquiry, and upon any
affidavit, certificate, or other paper believed by it to be genuine, and upon
any evidence believed by it to be sufficient.

5.4 Suspension of Distributions on Insolvency of Company. The Company shall cease the
payment of benefits to Participants and their beneficiaries if the Company is Insolvent. For
purposes of the Plan, the Company shall be considered “Insolvent” if:

	 	(i)	 	it is unable to pay its debts as they become
due; or

	 	(ii)	 	it is subject to a pending proceeding as a
debtor under the United States Bankruptcy Code.

During such period, the Company shall hold the assets of the Plan, if any, for the benefit of the
Company’s general creditors. Nothing in this Plan shall in any way diminish any rights of
Participants and their designated beneficiaries as general creditors of the Company with respect to
benefits due under the Plan or otherwise. The Company shall resume the payment of benefits to
Participants or their beneficiaries in accordance with the preceding provisions of this Article V
upon the termination of its Insolvency. Provided there are sufficient assets, if the Company
discontinues the payment of benefits pursuant to this Section 5.4 and subsequently resumes such
payments, the first payment following such discontinuance shall include the aggregate amount of all
payments due to Participants or their beneficiaries under the terms of the Plan for the period of
such discontinuance.

5.5 Suspension of Installment Distributions Upon Reinstatement. If a former Director
who is receiving annual installments pursuant to Section 5.2(b) is reappointed as a Director and
designated by the Committee as an eligible Participant in the Plan pursuant to Article II upon such
reappointment, then the distribution of the remaining unpaid installments as of such reinstatement
shall be suspended. Such unpaid installments shall not thereafter be distributed until such
Participant incurs another distributable event, as described in Section 5.1, subsequent to such
reinstatement. Upon the occurrence of such subsequent distributable event the unpaid installments
shall be distributed in accordance with the provisions of this Article V in effect as of, and based
on the Participant’s Benefit Election Form for, such subsequent distributable event.

ARTICLE VI

PLAN ADMINISTRATION

6.1 Appointment of the Committee. The Compensation Committee of the Board, or a duly
authorized officer of the Company empowered by the Committee to act on its behalf, shall be
responsible for administering the Plan, and shall be charged with the full power and the
responsibility for administering the Plan in all its details.

6.2 Powers and Responsibilities of the Committee.

	 	(a)	 	The Committee shall have all powers necessary to administer the
Plan, including the power to construe and interpret the Plan documents; to
decide all questions relating to an individual’s eligibility to participate in
the Plan; to determine the amount, manner and timing of any distribution of
benefits or withdrawal under the Plan; to resolve any claim for benefits in
accordance with Section 6.4, and to appoint or employ advisors, including legal
counsel, to render advice with respect to any of the Committee’s
responsibilities under the Plan. Any construction, interpretation, or
application of the Plan by the Committee shall be final, conclusive and
binding. All actions by the Committee shall be taken pursuant to uniform
standards applied to all persons similarly situated.

	 	(b)	 	Records and Reports. The Committee shall be
responsible for maintaining sufficient records to determine each Participant’s
eligibility to participate in the Plan, and the Compensation of each
Participant for purposes of determining the amount of contributions that may be
made by or on behalf of the Participant under the Plan.

	 	(c)	 	Rules and Decisions. The Committee may adopt such
rules as it deems necessary, desirable, or appropriate in the administration of
the Plan. All rules and decisions of the Committee shall be applied uniformly
and consistently to all Participants in similar circumstances. When making a
determination or calculation, the Committee shall be entitled to rely upon
information furnished by a Participant or beneficiary, the Company or the legal
counsel of the Company.

	 	(d)	 	Application and Forms for Benefits. The Committee may
require a Participant or beneficiary to complete and file with it an
application for a benefit, and to furnish all pertinent information requested
by it. The Committee may rely upon all such information so furnished to it,
including the Participant’s or beneficiary’s current mailing address.

	 	(e)	 	Court Action. No Participant or beneficiary shall have
the right to seek judicial review of a denial of benefits, or to bring any
action in any court to enforce a claim for benefits prior to filing a claim for
benefits or exhausting his rights to review under this Section 6.4.

6.3 Liabilities. The individual members of the Committee shall be indemnified and
held harmless by the Company with respect to any alleged breach of responsibilities performed or to
be performed hereunder.

6.4 Claims and Review Procedures.

	 	(a)	 	Procedures Governing the Filing of Benefit Claims. All
Benefit Claims must be filed on the appropriate claim forms available from the
Committee or in accordance with the procedures established by the Committee for
claim purposes. A “Benefit Claim” means a request for a Plan benefit or
benefits, made by a Claimant or by an authorized representative of a Claimant,
which complies with the Plan’s procedures for making benefit claims.
“Claimant” means a Participant, a surviving spouse of a Participant, a
Beneficiary, or an Alternate Payee, who is claiming entitlement to the payment
of any benefit under the Plan.

	 	(b)	 	Notification of Benefit Determinations. The Committee
will notify a Claimant, in accordance with subsection (c) below, of the Plan’s
benefit determination within a reasonable period of time after receipt of a
Benefit Claim, but not later than 90 days (45 days in the case of a Disability
Claim) after receipt of the Benefit Claim by the Plan.

If special circumstances require an extension of time for processing the
Benefit Claim, the Committee will notify the Claimant of the extension prior
to the termination of the initial period described above. The notice will
indicate the special circumstances requiring the extension of time and the
date by which the Plan expects to make the benefit determination. In no
event will the extension exceed a period of 90 days from the end of the
initial period.

In the case of a Disability Claim, the extension period will not exceed 30
days, unless prior to the end of first 30-day extension period, the
Committee determines that, due to matters beyond its control, a decision
cannot be rendered within the extension period, in which case the period for
making the determination may be extended for an additional 30 days. Every
Disability Claim notice will specifically explain the standards on which
entitlement to a benefit is based, the unresolved issues that prevent a
decision on the claim, the additional information needed to resolve those
issues and the Claimant’s right to provide the specified information within
45 days. If the extension is in effect due to the Claimant’s failure to
submit information necessary to decide a Disability Claim, the period for
making the benefit determination will be tolled from the date on which the
notice of the extension is sent to the Claimant until the date on which the
Claimant responds to the request for information. The term “Disability
Claim” means a request for a Plan benefit made by a Claimant due to the
purported Total and Permanent Disability of a Plan Participant.

	 	(c)	 	Manner and Content of Notification of Benefit
Determinations. All notices given by the Committee under the Plan will be
given to a Claimant, or to his authorized representative, in a manner that
satisfies the standards of 29 CFR 2520.104b-1(b) as appropriate with respect to
the particular material required to be furnished or made available to that
individual. The Committee may provide a Claimant with either a written or an
electronic notice of the Plan’s benefit determination. Any electronic
notification will comply with the standards imposed by 29 CFR
2520.104b-1(c)(1)(i), (iii) and (iv). In the case of an Adverse Benefit
Determination, the notice will set forth, in a manner calculated to be
understood by the Claimant:

(i) The specific reasons for the adverse determination;

(ii) Reference to the specific Plan provisions (including any internal rules, guidelines,
protocols, criteria, etc.) on which the determination is based;

(iii) A description of any additional material or information necessary for the Claimant to
complete the claim and an explanation of why such material or information is necessary;

(iv) For a Disability Claim, the identification of any medical or vocational experts whose
advice was obtained on behalf of the Plan in connection with Claimant’s Adverse Benefit
Determination, without regard to whether the advice was relied upon; and

(v) A description of the Plan’s review procedures and the time limits applicable to such
procedures.

	 	(d)	 	Appeal of Adverse Benefit Determinations. A Claimant
who receives an Adverse Benefit Determination and desires a review of that
determination must file, or his authorized representative must file on his
behalf, a written request for a review of the Adverse Benefit Determination,
not later than 60 days (180 days for a Disability Claim) after receiving the
determination.

The written request for a review must be filed with the Committee. Upon
receiving the written request for review, the Committee will advise the
Claimant, or his authorized representative, in writing that:

(i) The Claimant, or his authorized representative, may submit written comments, documents,
records, and any other information relating to the claim for benefits; and

(ii) The Claimant will be provided, upon request of the Claimant or his authorized
representative, reasonable access to, and copies of, all documents, records, and other information
relevant to the Claimant’s Benefit Claim, without regard to whether those documents, records, and
information were considered or relied upon in making the Adverse Benefit Determination that is the
subject of the appeal.

	 	(e)	 	Benefit Determination on Review. All appeals by a
Claimant of an Adverse Benefit Determination will receive a full and fair
review by an appropriate named fiduciary of the Plan. In the case of a
Disability Claim, the named fiduciary will not be: (i) the party who made the
Adverse Benefit Determination that is the subject of the appeal, nor (ii) the
subordinate of that party. In performing this review for a Disability Claim,
the named fiduciary will take into account all comments, documents, records,
and other information submitted by the Claimant (or the Claimant’s authorized
representative) relating to the claim, without regard to whether the
information was submitted or considered in the initial benefit determination,
and will not afford deference to the initial Adverse Benefit Determination.
For a Disability Claim, the named fiduciary will consult with a healthcare
professional who has appropriate training and experience in the field of
medicine involved in the medical judgment and who was not consulted in
connection with the Adverse Benefit Determination and who is not the
subordinate of such an individual if the named fiduciary believes that such a
consultation is necessary to properly complete the review process.

	 	(f)	 	Notification of Benefit Determination on Review. The
Committee will notify a Claimant, in accordance with subsection (g) below, of
the Plan’s benefit determination on review within a reasonable period of time,
but not later than 60 days (45 in the case of a Disability Claim) after the
Plan’s receipt of the Claimant’s request for review of an Adverse Benefit
Determination. If, however, special circumstances require an extension of time
for processing the review by the named fiduciary, the Claimant will be
notified, prior to the termination of the initial 60 (or 45) day period, of the
special circumstances requiring the extension and the date by which the Plan
expects to render the Plan’s benefit determination on review, which will not be
later than 120 days (90 days in the case of a Disability Claim) after receipt
of a request for review. Provided, however, in the case of a Plan with a
Committee or other group designated as the appropriate named fiduciary that
holds regularly scheduled meetings at least quarterly, the time limit of this
subsection will be modified in accordance with 29 CFR 2560.503-1(i)(1)(ii) or
29 CFR 2560.503-1(i)(3)(ii), whichever is applicable.

If the extension period is in effect for a Disability Claim but the extension is due to the
Claimant’s failure to submit information necessary to decide a claim, the period for making the
benefit determination on review will be tolled from the date on which notification of the extension
is sent to the Claimant until the date on which the Claimant responds to the request for additional
information.

	 	(g)	 	Manner and Content of Notification of Benefit Determination
on Review. The Committee will provide a Claimant with notification of its
benefit determination on review in a method described in subsection (c) above.

In the case of an Adverse Benefit Determination on review, the notification must set
forth, in a manner calculated to be understood by the Claimant:

	 	(a)	 	The specific reasons for the adverse
determination on review;

	 	(b)	 	Reference to the specific Plan provisions
(including any internal rules, guidelines, protocols, criteria, etc.)
on which the benefit determination on review is based;

	 	(c)	 	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 Benefit Claim, without regard to whether those records were
considered or relied upon in making the Adverse Benefit Determination
on review, including any reports, and the identities, of any experts
whose advice was obtained.

	 	(h)	 	Court Action. No Participant or beneficiary shall have
the right to seek judicial review of a denial of benefits, or to bring any
action in any court to enforce a claim for benefits, prior to filing a claim
for benefits and exhausting his rights to review under this Section 6.4.

ARTICLE VII

AMENDMENT AND TERMINATION OF THE PLAN

7.1 Amendment of the Plan. The Company shall have the right at any time by action of
the Board to modify, alter or amend the Plan in whole or in part.

7.2 Termination of the Plan. The Company reserves the right at any time by action of
the Board to terminate the Plan by resolution of the Board or to reduce or cease contributions at
any time.

ARTICLE VIII

MISCELLANEOUS

8.1 Governing Law. The Plan shall be construed, regulated and administered according
to the laws of the State of Indiana, except in those areas preempted by the laws of the United
States of America in which case such laws will control.

8.2 Headings and Gender. The headings and subheadings in the Plan have been inserted
for convenience of reference only and shall not affect the construction of the provisions hereof.
In any necessary construction the masculine shall include the feminine and the singular the plural,
and vice versa.

8.3 Participant’s Rights; Acquittance. No Participant shall acquire any right to be
retained in the Company’s employ by virtue of the Plan, nor, upon his dismissal, or upon his
voluntary termination of employment, shall he have any right or interest in or to the Company’s
assets other than as specifically provided herein.

8.4 Spendthrift Clause. No benefit or interest available hereunder will be subject in
any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment
or garnishment by creditors of the Participant or the Participant’s designated beneficiary, either
voluntarily or involuntarily.

8.5 Counterparts. This Plan may be executed in any number of counterparts, each of
which shall constitute but one and the same instrument and may be sufficiently evidenced by any one
counterpart.

8.6 No Enlargement of Director Rights. Nothing contained in the Plan shall be
construed as a service contract between the Company and any person, nor shall the Plan be deemed to
give any person the right to be retained as a Director of the Company or limit the right of the
Company to retain or discharge any person with or without cause, or to discipline any Director.

8.7 No Guarantee. Neither the Committee nor the Company in any way guarantees the
amounts credited under the Plan from loss or depreciation, nor the payment of any money or other
assets which may be or become due to any person from the Plan. No Participant shall have any
recourse against the Committee if the Company’s assets are insufficient to provide benefits under
the Plan.

8.8 Limitations on Liability. Notwithstanding any of the preceding provisions of the
Plan, none of the Company, the Committee and each individual acting as an employee or agent of any
of them shall be liable to any Participant or beneficiary for any claim, loss, liability or expense
incurred in connection with the Plan, except when the same shall have been judicially determined to
be due to the gross negligence or willful misconduct of such person.

8.9 Incapacity of Participant or Beneficiary. If any person entitled to receive a
distribution under the Plan is physically or mentally incapable of personally receiving and giving
a valid receipt for any payment due (unless prior claim therefor shall have been made by a duly
qualified guardian or other legal representative), then, unless and until claim therefor shall have
been made by a duly appointed guardian or other legal representative of such person, the Company
may provide for such payment or any part thereof to be made to any other person or institution then
contributing toward or providing for the care and maintenance of such person. Any such payment
shall be a payment for the account of such person and a complete discharge of any liability of the
Company and the Plan therefor.

8.10 Corporate Successors. The Plan shall not be automatically terminated by a
transfer or sale of assets of the Company or by the merger or consolidation of the Company into or
with any other corporation or other entity (“Transaction”), but the Plan shall be continued after
the Transaction only if and to the extent that the transferee, purchaser or successor entity agrees
to continue the Plan. The Company shall not agree to a Transaction unless and until the
transferee, purchaser or successor agrees to adopt this Plan and, in connection therewith, agrees
to expressly assume all obligations and liabilities of the Company hereunder. In the event that
such transferee, purchaser or successor entity sponsors a non-qualified deferred compensation plan
for its directors the Individual Account balances under this Plan may as part of the Transaction be
transferred to such other plan, and the payment of the benefit liabilities of this Plan may be
transferred to such other plan and become liabilities of such transferee, purchaser or successor
entity, as set forth in the definitive agreement entered into by the Company in connection with the
Transaction.

4

SIGNATURES

IN WITNESS WHEREOF, the Company has caused this Amended and Restated Deferred Compensation
Plan for Directors of Old National Bancorp and Subsidiaries to be executed by its duly authorized
officers this 25th day of January, 2003, but effective as of January 1, 2003.

OLD NATIONAL BANCORP

By: /s/ G. Michael Ledbetter

ATTEST:

By: /s/ Jane Elfreich

5

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