Document:

Form of Warrant

 
THE WARRANT REPRESENTED BY
THIS CERTIFICATE AND THE SECURITIES ISSUABLE UPON EXERCISE THEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE. NEITHER SUCH WARRANT
NOR SUCH SECURITIES MAY BE SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED WITHOUT SUCH REGISTRATION, EXCEPT UPON DELIVERY TO THE COMPANY OF SUCH EVIDENCE AS MAY BE SATISFACTORY TO COUNSEL FOR THE COMPANY TO THE EFFECT THAT ANY SUCH TRANSFER
SHALL NOT BE IN VIOLATION OF THE SECURITIES ACT OR APPLICABLE STATE SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED THEREUNDER. 
 
Cypress Bioscience, Inc.  
 
Warrant for the Purchase 
of Shares of Common Stock 
 
In exchange for the consideration pursuant to the Securities Purchase Agreement of even date herewith, CYPRESS BIOSCIENCE, INC., a
Delaware corporation (the “Company”), hereby certifies that «INVESTOR_NAME» (the “Holder”), is entitled to purchase from the Company, at any time or from time to time commencing on
April     , 2003 and prior to 5:00 P.M., New York City time, on April     , 2008 up to «Warrant» fully paid and non-assessable shares of common stock (subject to adjustment), of the
Company, at an exercise price per share equal to $3.84 (subject to adjustment as provided herein) and an aggregate purchase price of $«Aggregate_Purchase_Price». (Hereinafter, (i) said common stock, of the Company, is referred to as the
“Common Stock;” (ii) the shares of the Common Stock purchasable hereunder or under any other Warrant (as hereinafter defined) are referred to as the “Warrant Shares;” (iii) the aggregate purchase price
payable for the Warrant Shares purchasable hereunder is referred to as the “Aggregate Warrant Price;” (iv) the price payable for one Warrant Share is referred to as the “Per Share Warrant Price;” (v)
this Warrant, all similar Warrants issued on the date hereof and all Warrants hereafter issued in exchange or substitution for this Warrant or such similar Warrants are referred to as the “Warrants;” (vi) the holder of this
Warrant is referred to as the “Holder” and the holder of this Warrant and all other Warrants and Warrant Shares are referred to as the “Holders” and Holders of more than 50% of the outstanding Warrant
Shares are referred to as the “Majority of the Holders” and (vii) the then current market price for one share of Common Stock (the “Per Share Current Market Price”) shall be deemed to be the last sale
price of one share of Common Stock on the trading day prior to such date or, in case no such reported sales take place on such day, the average of the last reported bid and asked prices of the Common Stock on such day, in either case on the
principal 

 
national securities exchange
on which the Common Stock is admitted to trading or listed, or if not listed or admitted to trading on any such exchange, the representative closing bid price of the Common Stock as reported by the National Association of Securities Dealers, Inc.
Automated Quotations System (“NASDAQ”), or other similar organization if NASDAQ is no longer reporting such information, or, if the Common Stock is not reported on NASDAQ, the high per share bid price for the Common Stock in
the over-the-counter market as reported by the National Quotation Bureau or similar organization, or if not so available, the fair market value of the Common Stock as determined in good faith by the Board of Directors. The Aggregate Warrant Price is
not subject to adjustment. The Per Share Warrant Price is subject to adjustment as provided in Section 3; in the event of any such adjustment, the number of Warrant Shares deliverable upon exercise of this Warrant shall be adjusted by dividing the
Aggregate Warrant Price by the Per Share Warrant Price in effect immediately after such adjustment. 
 
1. Exercise of Warrant.  
 
(a) This Warrant may be exercised, in whole at any time or in part from time to time, commencing on April
    , 2003 and prior to 5:00 P.M., New York City time, on April     , 2008 by the Holder by the surrender of this Warrant (with the subscription form at the end hereof duly executed) at the
address set forth in Section 8(a) hereof, together with proper payment of the Aggregate Warrant Price, or the proportionate part thereof if this Warrant is exercised in part, with payment for Warrant Shares made by certified or official bank check
payable to the order of the Company. 
 
(b)
If this Warrant is exercised in part, this Warrant must be exercised for a number of whole shares of the Common Stock and the Holder is entitled to receive a new Warrant covering the Warrant Shares that have not been exercised and setting forth
the proportionate part of the Aggregate Warrant Price applicable to such Warrant Shares. Upon surrender of this Warrant, the Company will issue a stock certificate or certificates in the name of the Holder for the number of whole shares of the
Common Stock to which the Holder shall be entitled and, upon exercise of this Warrant if fractional shares would otherwise be issued, in lieu of any fractional share of the Common Stock to which the Holder shall be entitled, pay to the Holder cash
in an amount equal to the Per Share Current Market Price of such fractional share. 
 
2. Reservation of Warrant Shares; Listing. The Company agrees that, prior to the expiration of this Warrant, the Company shall at all times have authorized and in reserve, and
shall keep available, solely for issuance and delivery upon the exercise of this Warrant, the shares of the Common Stock receivable upon the exercise of this Warrant, free and clear of all restrictions on sale or transfer, other than under Federal
or state securities laws, and free and clear of all preemptive rights and rights of first refusal. 
 
3. Adjustments. (a) If, at any time or from time to time after the date of this Warrant, the Company shall issue or
distribute to the holders of shares of the Company’s Common Stock, any debentures, any other securities of the Company or any 
 

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cash, property or other assets
(excluding a subdivision, combination or reclassification, or dividend or distribution payable in shares of Common Stock, referred to in Section 3(b), and also excluding cash dividends or cash distributions paid out of net profits legally available
therefor in the full amount thereof (any such non-excluded event being herein called a “Special Dividend”)), the Per Share Warrant Price shall be adjusted by multiplying the Per Share Warrant Price then in effect by a
fraction, the numerator of which shall be the then Per Share Current Market Price in effect on the record date of such issuance or distribution less the fair market value (as determined in good faith by the Company’s Board of Directors) of the
debentures, cash, securities or property, or other assets issued or distributed in such Special Dividend applicable to one share of Common Stock and the denominator of which shall be the then Per Share Current Market Price in effect on the record
date of such issuance or distribution. An adjustment made pursuant to this Subsection 3(a) shall become effective immediately after the record date of any such Special Dividend. 
 
(b) In case the Company shall hereafter (i) pay a dividend or make a distribution to any holder of its
capital stock in shares of Common Stock, (ii) subdivide its outstanding shares of Common Stock into a greater number of shares, (iii) combine its outstanding shares of Common Stock into a smaller number of shares or (iv) issue by reclassification of
its Common Stock any shares of capital stock of the Company, the Per Share Warrant Price shall be adjusted to be equal to a fraction, the numerator of which shall be the Aggregate Warrant Price and the denominator of which shall be the number of
shares of Common Stock or other capital stock of the Company that the Holder would have owned immediately following such action had such Warrant been exercised immediately prior thereto. An adjustment to the Per Share Warrant Price made pursuant to
this Subsection 3(b) shall become effective immediately after the effective date in the case of a dividend or distribution or a subdivision, combination or reclassification. 
 
(c) In case of any capital reorganization or reclassification, or any consolidation or merger to which
the Company is a party other than a merger or consolidation in which the Company is the continuing corporation, or in case of any sale or conveyance to another entity of the property of the Company as an entirety or substantially as a entirety, or
in the case of any statutory exchange of securities with another corporation (including any exchange effected in connection with a merger of a third corporation into the Company), the Holder of this Warrant shall have the right thereafter to receive
on the exercise of this Warrant the kind and amount of securities, cash or other property which the Holder would have owned or have been entitled to receive immediately after such reorganization, reclassification, consolidation, merger, statutory
exchange, sale or conveyance had this Warrant been exercised immediately prior to the effective date of such reorganization, reclassification, consolidation, merger, statutory exchange, sale or conveyance and in any such case, if necessary,
appropriate adjustment shall be made in the application of the provisions set forth in this Section 3 with respect to the rights and interests thereafter of the Holder of this Warrant to the end that the provisions set forth in this Section 3 shall
thereafter correspondingly be made 
 

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applicable, as nearly as may
reasonably be, in relation to any shares of stock or other securities or property thereafter deliverable on the exercise of this Warrant. The above provisions of this Section 3(c) shall similarly apply to successive reorganizations,
reclassifications, consolidations, mergers, statutory exchanges, sales or conveyances. The Company shall require the issuer of any shares of stock or other securities or property thereafter deliverable on the exercise of this Warrant to be
responsible for all of the agreements and obligations of the Company hereunder. Notice of any such reorganization, reclassification, consolidation, merger, statutory exchange, sale or conveyance and of said provisions so proposed to be made, shall
be mailed to the Holders of the Warrants not less than ten (10) days prior to such event. A sale of all or substantially all of the assets of the Company for consideration consisting primarily of securities shall be deemed a consolidation or merger
for the foregoing purposes. 
 
(d) No
adjustment in the Per Share Warrant Price shall be required unless such adjustment would require an increase or decrease of at least $0.05 per share of Common Stock; provided, however, that any adjustments which by reason of this Subsection
3(d) are not required to be made shall be carried forward and taken into account in any subsequent adjustment; provided, further, however, that adjustments shall be required and made in accordance with the provisions of this Section 3 (other
than this Subsection 3(d)) not later than such time as may be required in order to preserve the tax-free nature of a distribution to the Holder of this Warrant or the Warrant Shares, if the Company is provided with ten (10) days prior written notice
of such requirement by the Holder. All calculations under this Section 3 shall be made to the nearest cent or to the nearest whole share, as the case may be. Anything in this Section 3 to the contrary notwithstanding, the Company shall be entitled
to make such reductions in the Per Share Warrant Price, in addition to those required by this Section 3, as it in its discretion shall deem to be advisable in order that any stock dividend, subdivision of shares or distribution of rights to purchase
stock or securities convertible or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable. 
 
(e) Whenever the Per Share Warrant Price is adjusted as provided in this Section 3 and upon any modification of the rights of a
Holder of Warrants in accordance with this Section 3, the Company shall promptly prepare a brief summary of the facts requiring such adjustment or modification and the manner of computing the same and cause copies of such summary to be mailed to the
Holders of the Warrants. The Company may, but shall not be obligated to unless requested by a Majority of the Holders, obtain, at its expense, a certificate of a firm of independent public accountants of recognized standing selected by the Board of
Directors (who may be the regular auditors of the Company) setting forth the Per Share Warrant Price and the number of Warrant Shares in effect after such adjustment or the effect of such modification, a brief statement of the facts requiring such
adjustment or modification and the manner of computing the same and cause copies of such certificate to be mailed to the Holders of the Warrants. 
 

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(f) If the Board of Directors of the Company shall declare any dividend or other
distribution with respect to the Common Stock other than a cash distribution out of earned surplus, the Company shall mail notice thereof to the Holders of the Warrants not less than ten (10) days prior to the record date fixed for determining
stockholders entitled to participate in such dividend or other distribution. 
 
(g) If, as a result of an adjustment made pursuant to this Section 3, the Holder of any Warrant thereafter surrendered for exercise shall become entitled to receive shares of two or more classes
of capital stock or shares of Common Stock and other capital stock of the Company, the Board of Directors (whose determination shall be conclusive and shall be described in a written notice to the Holder of any Warrant promptly after such
adjustment) shall determine the allocation of the adjusted Per Share Warrant Price between or among shares or such classes of capital stock or shares of Common Stock and other capital stock. 
 
(h) In case any event shall occur as to which the other
provisions of this Section 3 are not strictly applicable but as to which the failure to make any adjustment would not fairly protect the purchase rights represented by this Warrant in accordance with the essential intent and principles hereof then,
in each such case, the Board of Directors of the Company shall in good faith determine the adjustment, if any, on a basis consistent with the essential intent and principles established herein, necessary to preserve the purchase rights represented
by the Warrants. Upon such determination, the Company will promptly mail a copy thereof to the Holder of this Warrant and shall make the adjustments described therein. 
 
4. Fully Paid Stock; Taxes. The shares of the Common Stock represented by each and every
stock certificate for Warrant Shares delivered upon the exercise of this Warrant shall at the time of such delivery, be duly authorized, validly issued and outstanding, fully paid and non-assessable, and not subject to preemptive rights or rights of
first refusal. The Company shall pay all documentary, stamp or similar taxes and other similar governmental charges that may be imposed with respect to the issuance or delivery of any Common Shares upon exercise of the Warrants (other than income
taxes); provided, however, that if the Common Shares are to be delivered in a name other than the name of the Holder, no such delivery shall be made unless the person requesting the same has paid to the Company the amount of transfer taxes or
charges incident thereto, if any. 
 
5.
Investment Intent; Limited Transferability. (a) The Holder represents by accepting this Warrant that it understands that this Warrant and the Warrant Shares have not been registered for sale under Federal or state securities laws
and are being offered and sold to the Holder pursuant to one or more exemptions from the registration requirements of such securities laws. The Holder understands that it must bear the economic risk of its investment in this Warrant and the Warrant
Shares for an indefinite period of time, as this Warrant and the Warrant Shares have not been registered under 
 

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Federal or state securities
laws and therefore cannot be sold unless subsequently registered under such laws, unless an exemption from such registration is available. 
 
(b) The Holder, by acceptance of this Warrant, represents to the Company that it is acquiring this Warrant and will acquire the
Warrant Shares for its own account for investment and not with a view to, or for sale in connection with, any distribution thereof in violation of the Securities Act. The Holder agrees that this Warrant and the Warrant Shares will not be sold or
otherwise transferred unless (i) a registration statement with respect to such transfer is effective under the Act and any applicable state securities laws or (ii) pursuant to any exemption from registration and prospectus delivery requirements
under the Act and under any applicable state securities laws or “Blue Sky” laws. 
 
(c) In addition to the requirements set forth in Section 5(b) above, this Warrant may not be sold, transferred, assigned or hypothecated. The Company may treat the registered Holder of this
Warrant as he or it appears on the Company’s books at any time as the Holder for all purposes. 
 
6. Loss, etc., of Warrant. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant, and of indemnity reasonably satisfactory to the Company, if lost, stolen or destroyed, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall execute and deliver to the Holder a new Warrant
of like date, tenor and denomination. 
 
7.
Warrant Holder Not Stockholder. This Warrant does not confer upon the Holder any right to vote on or consent to or receive notice as a stockholder of the Company, as such, in respect of any matters whatsoever, nor any other rights
or liabilities as a stockholder, prior to the exercise hereof; this Warrant does, however, require certain notices to Holders as set forth herein. 
 
8. Communication. All notices required or permitted hereunder shall be in writing and shall be deemed effectively
given: (a) upon personal delivery to the party to be notified; (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient; if not, then on the next business day; (c) five days after having been sent
by registered or certified mail, return receipt requested, postage prepaid; or (d) one day after deposit with a nationally recognized overnight courier, specifying next day delivery to the following addresses: 
 
(a) the Company at Cypress Bioscience, Inc., 4350
Executive Drive, Suite 325, San Diego, California 92121, Attn: Chief Executive Officer or such other address as the Company has designated in writing to the Holder, or 
 
(b) the Holder at «Street», «CityStateZip», Attn: «Attn» or other
such address as the Holder has designated in writing to the Company. 
 

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9.
Headings. The headings of this Warrant have been inserted as a matter of convenience and shall not affect the construction hereof. 
 
10. Applicable Law. This Warrant shall be governed by and construed in accordance with the laws of the State of
Delaware without giving effect to the principles of conflicts of law thereof. 
 
11. Amendment, Waiver, etc. Except as expressly provided herein, neither this Warrant nor any term hereof may be amended, waived, discharged or terminated other than by a written
instrument signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought; provided, however, that any provisions hereof may be amended, waived, discharged or terminated upon the written consent
of the Company and the Majority of the Holders. 
 

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IN WITNESS WHEREOF, the
Company has caused this Warrant to be executed this              day of April 2003. 
 
CYPRESS BIOSCIENCE, INC. 
 
/s/ Dr. Jay Kranzler                               
                                         

Dr. Jay Kranzler 
Chief Executive Officer 
 

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SUBSCRIPTION 
 
The
undersigned,                                     , pursuant to
the provisions of the foregoing Warrant, hereby agrees to subscribe for and purchase                      shares of the Common Stock, of
Cypress Bioscience, Inc. covered by said Warrant, and makes payment therefor in full at the price per share provided by said Warrant. 
 

	 Dated:                                
	    	 Signature:                                   
                 

	 	    	 Address:                                    
                

 
 

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ASSIGNMENT 
 
FOR
VALUE RECEIVED
                                        
hereby sells, assigns and transfers unto
                                        
     the foregoing Warrant and all rights evidenced thereby, and does irrevocably constitute and appoint
                                , attorney, to transfer said Warrant on the books
of Cypress Bioscience, Inc. 
 

	 Dated:                                
	    	 Signature:                                   
                 

	 	    	 Address:                                    
                

 

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PARTIAL
ASSIGNMENT 
 
FOR VALUE RECEIVED
                                        
     hereby assigns and transfers unto
                                     the right to purchase
                     shares of the Common Stock, of Cypress Bioscience, Inc. covered by the foregoing Warrant, and a proportionate part of
said Warrant and the rights evidenced thereby, and does irrevocably constitute and appoint
                                        
    , attorney, to transfer that part of said Warrant on the books of Cypress Bioscience, Inc. 
 

	 Dated:                                
	    	 Signature:                                   
                 

	 	    	 Address:                                    
                

 

11Amended and Restated Supplemental Employee Retirement Plan

Table of Contents

 EXHIBIT 10.17
  ROSE HILLS MORTUARY, L.P.
  AMENDED AND RESTATED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN

Table of Contents

   TABLE OF CONTENTS

	   
 	   
 	  Page
 
	   
 	   
 	 
 
	   
 	  
ARTICLE I
 DEFINITIONS
 	  1
 
	  1.1
 	  
Act
 	  1
 
	  1.2
 	  
Administrator
 	  1
 
	  1.3
 	  
Beneficiary
 	  1
 
	 1.4
 	  
Benefit
 	  1
 
	  1.5
 	  
Cause
 	  2
 
	  1.6
 	  
Costs
 	  2
 
	  1.7
 	  
Code
 	  2
 
	  1.8
 	  
Compensation
 	  2
 
	  1.9
 	  
Death Benefit
 	  2
 
	  1.10
 	  
Disability
 	  2
 
	 1.11
 	  
Disability Benefit
 	  3
 
	  1.12
 	  
Other Retirement Benefits
 	  3
 
	  1.13
 	  
Participant
 	  3
 
	  1.14
 	  
Retirement
 	  3
 
	  1.15
 	  
Rules of the Plan
 	  3
 
	  1.16
 	  
Supplemental Benefit
 	  3
 
	  1.17
 	  
Year of Service
 	  3
 
	  
 	  
 	  
 
	   
 	 
ARTICLE II
 PARTICIPATION
 	  4
 
	  2.1
 	  
Participation
 	  4
 
	  2.2
 	  
Termination of Participation
 	  4
 
	  
 	  
 	  
 
	   
 	  
ARTICLE III
 ADMINISTRATIVE PROVISIONS
 	  4
 
	  3.1
 	  
Duties and Powers of the Administrator
 	  4
 
	  3.2
 	  
Limitations Upon Powers of the Administrator
 	  5
 
	 3.3
 	  
Compensation and Indemnification of Administrator: Expenses of Administration
 	  5
 
	  3.4
 	  
Claims Procedure
 	  6
 
	  
 	  
 	  
 
	   
 	  
ARTICLE IV
 PLAN BENEFITS
 	  7
 
	  4.1
 	  
Calculation of Supplemental Benefit
 	  7
 
	  4.2
 	  
Pre-Retirement Survivor Annuity
 	  9
 
	  4.3
 	  
Disability Benefit
 	  9
 
	  
 	  
 	  
 
	   
 	 
ARTICLE V
 MISCELLANEOUS PROVISIONS
 	  10
 
	  5.1
 	  
Termination of Plan
 	  10
 
	  5.2
 	  
Unfunded Plan
 	  11
 
	  5.3
 	  
Payments
 	  11
 
	  5.4
 	  
Amendment of Plan
 	  11
 
	  5.5
 	  
Retroactive Effect of Plan Amendment
 	  12
 
	  5.6
 	  
Consolidation or Merger; Adoption of Plan by Other Companies
 	  12
 

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Table of Contents

	  5.7
 	  
Inspection of Records
 	  12
 
	  5.8
 	  
Plan Does Not Constitute Employment Contract
 	  13
 
	  5.9
 	  
Errors and Misstatements
 	  13
 
	  5.10
 	  
Conflicting Claims
 	  13
 
	  5.11
 	  
Governing Law
 	  13
 
	  5.12
 	  
Genders and Plurals
 	  13
 
	  5.13
 	  
Titles
 	  13
 
	 5.14
 	  
References
 	  13
 

  ii

Table of Contents

  ROSE HILLS MORTUARY, L.P.
  AMENDED AND RESTATED SUPPLEMENTAL EMPLOYEE RETIREMENT
PLAN
                      WHEREAS, Rose Hills Mortuary, L.P., a California limited
partnership (the “Partnership”), has adopted that certain Retirement Plan for Employees of Rose Hills Mortuary, L.P. (the “Retirement Plan”);
                      WHEREAS, the Partnership has entered into certain employment agreements (the “Employment
Agreements”) with various management employees pursuant to which the Partnership is obligated to provide benefits supplemental to those provided by the Retirement Plan;
                      WHEREAS, the Partnership and its general partner, Rose Hills Mortuary, Inc., a California corporation (the
“Corporation”) have adopted the Rose Hills Mortuary, L.P. Supplemental Employee Retirement Plan (the “SERP”); and 
                      WHEREAS, it is desirable to amend the SERP.
                      NOW, THEREFORE, the Partnership and the Corporation hereby adopt this Amended and Restated Supplemental
Employee Retirement Plan (the “Plan”) effective as of May 2, 1990 (the “Effective Date”), and the Corporation acknowledges its liability as general partner and agent for the Partnership to provide for the supplemental unfunded
benefits in excess of those provided by the Retirement Plan, as required hereby.
 
ARTICLE I
 DEFINITIONS
                      The following terms shall have the respective meanings set forth below:
            1.1     
Act.     “Act” means the Employee Retirement Income Security Act of 1974, as amended from time to time.
            1.2     
Administrator.     “Administrator” shall have the meaning set forth in the Retirement Plan.
            1.3     
Beneficiary.     “Beneficiary” shall mean a person entitled under the provisions of Sections 4.1, 4.2 and 4.3.
            1.4     
Benefit.     “Benefit” shall mean a monthly payment at the times and over the applicable periods specified in Article IV.
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Table of Contents

            1.5     
Cause.     “Cause” means any of the following:

	  
 	            (i)     a Participant’s engaging in gross misconduct which is materially injurious to
the Partnership, as determined in good faith by the Board of Directors of the Corporation, after a written demand to correct such conduct is delivered to the Participant by the Board of Directors of the Corporation, which demand identifies the
misconduct, and the Participant has been given sixty (60) days after receipt of such demand to correct his conduct; or
 
	  
 	  
 
	  
 	           (ii)     conviction of a Participant of any felony involving conduct concerning the
performance of his duties as an employee of the Partnership.
 

            1.6     
Costs.     “Costs” means the sum of cash premium payments made by the Partnership in respect of a life insurance policy purchased by the Partnership with respect to a particular
Participant for the purpose of paying to such Participant the benefits set forth in Article IV.
            1.7     
Code.     “Code” means the Internal Revenue Code of 1986, as amended from time to time.
            1.8     
Compensation.     “Compensation” means the annual salary paid to a Participant by the Partnership or the Corporation during a payroll calendar year plus any bonuses, but in all cases
excludes commissions, reimbursements, company-provided fringe benefits, gain on exercise of stock options, or any contributions or benefits under any pension, profit-sharing, deferred compensation, accident or health plan adopted by the
Partnership.
            1.9     
Death Benefit.     “Death Benefit” means the benefit described in Section 4.2.
            1.10    
Disability.     “Disability” means the inability, caused by disease or bodily injury and originating after his designation as a Participant, of a Participant to perform the duties
assigned to the Participant.  For purposes hereof, the determination of whether or not a Participant is suffering Disability shall be made by the Participant’s physician communicated in writing to the Partnership.  If the Partnership
disagrees with the determination by the Participant’s physician, the Partnership shall appoint at its own expense another physician to make such determination.  If the physician so appointed by the Partnership disagrees with the
determination made by the Participant’s physician, then the two physicians shall appoint a mutually acceptable third physician, at the Partnership’s expense, to make the final determination whether the Participant is suffering Disability,
which determination shall be binding upon all parties hereto.  If the Participant or his representative refuses to cooperate with the physician appointed by the Partnership or the jointly appointed physician, then at the option of
the
 2

Table of Contents

  Partnership, the Participant shall be deemed to be suffering Disability; provided, however, that (a) after such inability has continued for two years, such Participant shall
be considered to be suffering Disability only if he cannot work for pay or profit at another job for which he is reasonably fitted by education, training or experience; and (b) such Participant shall be considered to be suffering Disability only for
those periods during which he is not working for pay or profit.
            1.11    
Disability Benefit.     “Disability Benefit” means the benefit described in Section 4.3.
            1.12    
Other Retirement Benefits.     “Other Retirement Benefits” means the total annual amount of retirement benefits which a particular Participant is entitled to receive, as of the month
for which such Participant’s Supplemental Benefits are being determined under Article IV hereof, (i) as Social Security benefits, (ii) pursuant to the Retirement Plan and (iii) pursuant to any other retirement plan adopted by the Partnership
which is or is intended to be qualified under Section 401(a) of the Code, but excluding benefits payable to such Participant pursuant to the Rose Hills Company 401(k) Savings Plan, as amended.
            1.13    
Participant.     “ Participant” means a full–time employee of the Partnership who has become a Participant under Section 2.1 and who has not ceased to be a Participant under the
provisions of Section 2.2 of the Plan.  An employee shall be deemed a “full–time” employee of the Partnership if he is so classified under the Partnership’s usual and customary employment practices prevailing from time to
time during the period that such person has been designated as a Participant.
           1.14    
Retirement.     “Retirement” means the voluntary or involuntary termination of a Participant’s employment with the Partnership for any reason other than death,  Disability,
or termination for Cause.
            1.15    
Rules of the Plan.     “Rules of the Plan” shall mean rules adopted by the Administrator pursuant to Section 3.1 (b) (ii) for the administration, interpretation or application of the
Plan.
            1.16    
Supplemental Benefit.     “ Supplemental Benefit” shall mean the benefit described in Section 4.1.
            1.17    
Year of Service.     “Year of Service” means continuous employment by the Partnership or the Corporation or their predecessor entities for a twelve–month period commencing with
the first day of employment with any such entity.  Notwithstanding anything to the contrary herein, a leave of absence or sick leave authorized by the Partnership or the Corporation in accordance with established policies, a vacation period or
a temporary layoff for lack of work shall not be counted as a break
  3

Table of Contents

  in the continuity of employment by the Partnership or the Corporation; provided, however, that failure to return to work upon the expiration of any leave of absence, sick
leave or vacation or within three (3) days after recall from a temporary layoff for lack of work shall be considered a break in the continuity of employment (and a resignation of employment) effective as of the date of expiration of such leave of
absence, sick leave or vacation or the expiration of the third day after recall from any such temporary layoff.
 
ARTICLE II
 PARTICIPATION
            2.1    
Participation.     A person shall become a Participant under the Plan on the latest date at which such person: (i) is or becomes a full–time executive–level employee of the
Partnership; (ii) has entered into an Employment Agreement with the Partnership pursuant to which the person is eligible for participation herein, or has entered into an agreement with the Partnership providing for benefits as specified herein; and
(iii) completes or has completed five (5) Years of Service.  Once a person has become a Participant under the Plan, such person shall remain a  Participant until the participation of such person is terminated pursuant to Section
2.2.
            2.2    
Termination of Participation.     A person shall cease to be a Participant upon the termination of such person’s employment for Cause.
 
 ARTICLE III
 ADMINISTRATIVE PROVISIONS
            3.1    
Duties and Powers of the Administrator.
                      (a)     The Administrator (either directly or through its designees) will have
power and authority to interpret, construe, and administer the Plan; provided that, the Administrator’s authority to interpret the Plan shall not cause the Administrator’s decisions in this regard to be entitled to a deferential standard
of review in the event that a Participant or Beneficiary seeks review of the Administrator’s decision as described in Section 3.4.
                      (b)     The Administrator shall administer the Plan in accordance with the Plan
and the Act and shall have full discretionary power and authority:

	  
 	                (i)     to engage actuaries, attorneys, accountants,
appraisers, brokers, consultants, administrators, physicians or other firms or persons and (with its officers, directors
 

  4

Table of Contents

	  
 	  and employees) to rely upon the reports, advice, opinions or valuations of any such persons except as required by law;
 
	  
 	  
 
	  
 	                 (ii)     to adopt Rules of the Plan that are not inconsistent
with the Plan or applicable law and to amend or revoke any such rules;
 
	  
 	  
 
	  
 	                 (iii)     to construe the Plan and the Rules of the
Plan;
 
	  
 	  
 
	  
 	                 (iv)     to determine administrative questions of eligibility
and vesting of Participants;
 
	  
 	  
 
	  
 	                (v)     to determine entitlement to a Benefit and to
distributions of Participants, former Participants, Beneficiaries, and all other persons;
 
	  
 	  
 
	  
 	                 (vi)     to make findings of fact as necessary to make any
determinations and decisions in the exercise of such discretionary power and authority; and
 
	  
 	  
 
	  
 	                  (vii)     to delegate any power or duty to any firm or person
engaged under subparagraph (i) or to any other person or persons.
 

            3.2    
Limitations Upon Powers of the Administrator.
                      The Plan shall be uniformly and consistently interpreted and applied with regard to all Participants in
similar circumstances.  The Plan shall be administered, interpreted and applied fairly and equitably and in accordance with the specified purposes of the Plan.
            3.3    
Compensation and Indemnification of Administrator: Expenses of Administration.
                     (a)     The Partnership shall pay or reimburse each employee functioning under
Section 3.1 (b) for all expenses (including reasonable attorneys’ fees) properly incurred by such employee in the administration of the Plan.
                      (b)     The Partnership shall indemnify and hold each such employee harmless from
all claims, liabilities and costs (including reasonable attorneys’ fees) arising out of the good faith performance of such employee’s functions hereunder.
                      (c)     The Partnership may obtain and provide for any employee, at the
Partnership’s expense, liability insurance against liabilities imposed on such employee by law.
                      (d)     Legal fees incurred in the preparation and amendment of documents shall
be paid by the Partnership.
  5

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                      (e)     Except as provided in
subsection (a) above, fees and expenses of persons rendering services to the Plan shall not be paid or reimbursed by the Partnership except as agreed upon by the Partnership.
            3.4    
Claims Procedure.
                      (a)     Because it is agreed that time will be of the essence in determining
whether any payments are due to a Participant or Beneficiary under the Plan, or any claim for payment under the Plan or dispute regarding the interpretation of the Plan shall be resolved through arbitration as provided herein.
                     (b)     Any claim for arbitration may be submitted as follows: if a
Participant or Beneficiary disagrees with the Administrator regarding the interpretation of the Plan and the claim is finally denied by the Administrator in whole or in part, such claim may be filed in writing with an arbitrator of the
Participant’s or Beneficiary’s choice who is selected by the method described in the next four sentences. The first step of the selection shall consist of the Participant or Beneficiary submitting a list of five potential arbitrators to
the Administrator.  Each of the five arbitrators must be either (i) a member of the National Academy of Arbitrators located in the State of California or (ii) a retired California Superior Court or Appellate Court judge.  Within one week
after receipt of the list, the Administrator shall select one of the five arbitrators as the arbitrator for the dispute in question.  If the Administrator fails to select an arbitrator in a timely manner, the Participant or Beneficiary shall
then designate one of the five arbitrators as the arbitrator for the dispute in question.
                      (c)     The arbitration hearing shall be held within seven days (or as soon
thereafter as possible) after the picking of the arbitrator.  No continuance of said hearing shall be allowed without the mutual consent of the Participant or Beneficiary and the Administrator.  Absence from or nonparticipation at the
hearing by either party shall not prevent the issuance of an award.  Hearing procedures which will expedite the hearing may be ordered at the arbitrator’s discretion, and the arbitrator may close the hearing in his or her sole discretion
when he or she decides he or she has heard sufficient evidence to satisfy issuance of an award.
                      (d)     The arbitrator’s award shall be rendered as expeditiously as
possible and in no event later than one week after the close of the hearing.  In the event the arbitrator finds that the Partnership has breached the Plan, he or she shall order the Partnership to immediately take the necessary steps to remedy
the breach.  In addition, the arbitrator shall order the Partnership to pay the Participant or Beneficiary an additional amount equal to 10% of the amount actually in dispute.  This
 6

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  additional amount shall constitute an additional benefit under the Plan.  The award of the arbitrator shall be final and binding upon the parties.  The award may be
enforced in any appropriate court as soon as possible after its rendition.  If an action is brought to confirm the award, no appeal shall be taken by either party from any decision rendered in such action.
                      (e)     Solely for purposes of determining the allocation of the costs described
in this subsection, the Administrator will be considered the prevailing party in a dispute if the arbitrator determines (i) that the Partnership has not breached the Plan and (ii) the claim by the Participant or Beneficiary was not made in good
faith. Otherwise, the Participant or Beneficiary will be considered the prevailing party.  In the event that the Partnership is the prevailing party, the fee of the arbitrator and all necessary expenses of the hearing (excluding any
attorneys’ fees incurred by the Partnership), including the fees of a stenographic reporter, if employed, shall be paid by the other party.  In the event that the Participant or Beneficiary is the prevailing party, the fee of the
arbitrator and all necessary expenses of the hearing (including all attorneys’ fees incurred by the Participant or Beneficiary in pursuing his or her claim), including the fees of a stenographic reporter, if employed, shall be paid by
the Partnership.
 
 ARTICLE IV
 PLAN BENEFITS
            4.1    
Calculation of Supplemental Benefit.
                      (a)     If a Participant remains employed by the Partnership until such
Participant’s Retirement, such Participant shall be entitled to receive from the Partnership a monthly Supplemental Benefit commencing on the date described in Section 4.1(b) below.  The amount of the Supplemental Benefit which a
Participant is entitled to receive shall be determined as a function of such Participant’s age at Retirement, age at commencement of payments under the Plan, completed Years of Service and Other Retirement Benefits, as more fully described
below.  The minimum amount of Supplemental Benefit shall be zero and the maximum amount of Supplemental Benefit which a Participant may be paid each month shall be equal to: (x) the remainder of (i) seventy percent (70%) of the highest amount
of Compensation paid to such Participant during any one of the Partnership’s five fiscal years immediately preceding the year in which the Retirement Date occurs, less (ii) the amount of Other Retirement Benefits which such Participant is
entitled to receive, divided by (y) twelve (12).  To determine the amount of Supplemental Benefit which a particular Participant is entitled to receive each month, the Administrator shall use the equation set forth in the preceding sentence,
but shall replace the 
 7

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  “seventy percent (70%)” with the appropriate percentage for such Participant as set forth in the table below:

	  Age at
 Retirement
 Date
 	   
 	  Completed Years of Service
 as of Date of Retirement
 	   
 
	   
 	 
 	   
 
	  
 	  5
 	   
 	  6
 	   
 	  7
 	   
 	  8
 	  
 
	 
 	  
 	 
 	   
 	 
 	   
 	 
 	   
 	 
 	  
 
	 45-49
 	  
 	  
 	  35
 	  %
 	  
 	  42
 	  %
 	  
 	  49
 	  %
 	  
 	  70
 	  %
 
	  50-54
 	  
 	  
 	  42
 	  %
 	  
 	  49
 	  %
 	  
 	  56
 	  %
 	  
 	  70
 	  %
 
	 55-59
 	  
 	  
 	  49
 	  %
 	  
 	  56
 	  %
 	  
 	  63
 	  %
 	  
 	  70
 	  %
 
	  60-64
 	  
 	  
 	  49
 	  %
 	  
 	  56
 	  %
 	  
 	  63
 	  %
 	  
 	  70
 	  %
 
	 65 & Over
 	  
 	  
 	  56
 	  %
 	  
 	  63
 	  %
 	  
 	  70
 	  %
 	  
 	  70
 	  %
 

  In addition, in the event that a Participant retires prior to attaining age 62,
so that a Supplemental Benefit payment begins prior to age 62 as set forth in Section 4.1(b) below, the equation set forth above to calculate the Participant’s Supplemental Benefit shall be further modified by reducing the amount determined in
clause (i) of such equation by 0.55556 percent for each of the first twenty-four or fewer months by which the payment commencement date precedes the first day of the month in which the Participant would have attained age 62 and by 0.27778 percent
for each of the months in excess of twenty-four by which the payment commencement date precedes the first day of the month in which the Participant would have attained age 62.  For purposes of determining the amount of a Supplemental Benefit
payable to a Participant for any month, the value of any Other Retirement Benefits to which the Participant is entitled to receive currently shall be taken into account even if the Participant elects to defer commencement of such Other Retirement
Benefits; however, no Other Retirement Benefit shall be taken into account for any month prior to which such Other Retirement Benefit would commence to be paid to the Participant under the terms of the plan or program pursuant to which such Other
Retirement Benefit is provided. Notwithstanding the foregoing, no Social Security benefits shall be taken into account for purpose of determining the value of Other Retirement Benefits until the earlier of (i) the date such Social Security benefits
actually commence or (ii) the Participant attains the age used as his retirement age under Section 216(l) of the Social Security Act.
                     (b)     The payment of the monthly Supplemental Benefit shall commence on the
first day of the calendar month following the later of (i) the month in which the Participant attains age 55 or (ii) the month in which the Participant’s Retirement occurs, and shall continue through and including the month following the month
in which such Participant’s death occurs.
                      (c)     Notwithstanding anything herein to the contrary, if a Participant is
legally married on the date that the Supplemental Benefit payable hereunder is scheduled to commence, and if the Participant has not elected out of the provisions of
  8

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  this Section 4.1 (c) in accordance with the procedures set forth in Section 4.1 (d), then the Supplemental Benefit payments shall be paid to the Participant and the spouse to
whom he was married at the time benefits commenced in the form of a “joint and survivor annuity” as follows: (i) the Participant shall receive each month through and including the month in which the Participant’s death occurs a
benefit payment reduced from what would otherwise be paid as a Supplemental Benefit to the Participant such that the reduced benefit payable to the Participant each month during the Participant’s lifetime under this Section is set at a rate
where the Participant’s joint and survivor annuity is the “Actuarial Equivalent” (as defined in the Retirement Plan) of the Participant’s Supplemental Benefit; and (ii) the Participant’s surviving spouse shall receive each
month (beginning with the first day of the calendar month next following the month in which the Participant’s death occurred and continuing through the month in which the surviving spouse’s death occurs) a benefit payment equal to one
hundred percent (100%) of the reduced benefit paid to the Participant prior to his death pursuant to clause (i) above.
                     (d)     At any time before the date at which Supplemental Benefit payments are
scheduled to commence in accordance with the Plan, a Participant may elect in writing, with the written consent of such Participant’s spouse, not to receive the joint and survivor annuity but to receive instead the normal Supplemental
Benefit.  In order to be effective, a Participant’s election under this Section 4.1(d) shall be communicated in a signed writing directed to the “Administrator of the Rose Hills Mortuary, L.P. Supplemental Employee Retirement
Plan.”
            4.2    
Pre-Retirement Survivor Annuity.     If a Participant dies before Retirement but after becoming vested in his benefits under the Plan, and if the Participant was legally married on the date of
death, then the surviving spouse shall receive a “survivor annuity,” which shall provide a benefit payment equal to the monthly amount the surviving spouse would have received under Section 4.1(c) if the Participant had retired on his date
of death (and, if his death occurs before he attains 55, had survived to age 55 and had then begun receiving benefits under this Plan), which payment shall commence on the first day of the calendar month next following the later of (a) the month in
which the Participant’s death occurred or (b) the month in which the Participant would have attained age 55, and shall end with the calendar month in which the death of the surviving spouse occurs.
            4.3    
Disability Benefit.
                      (a)     If a Participant’s employment is terminated after the Participant
has suffered a Disability, then the Participant shall receive a Disability Benefit in the amount of the Supplemental Benefit which such Participant would be entitled to receive pursuant to the table in Section 4.1(a), adjusted as
 9

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  described therein for commencement of benefits prior to age 62 (but not actuarially reduced for a surviving spouse benefit), if the date at which the Participant suffered the
Disability was actually the date of such Participant’s Retirement.  For purposes of this Section 4.3, if a Participant is younger than fifty (50) years of age at the date of Disability, such Participant shall be deemed to be fifty (50)
years of age for purposes of determining the appropriate percentage from the table in Section 4.1(a) and for determining the amount of the actuarial reduction for early commencement described therein.
                      (b)     The payment of the monthly Disability Benefit shall commence on the first
day of the calendar month following the month in which the Participant’s Disability occurs and shall continue through and including the month following the month in which such Participant’s death occurs after which time no further payments
shall be made.
                      (c)     Notwithstanding anything
contained herein to the contrary, if a Participant dies after the Disability Benefit payments have commenced and is survived by the spouse to whom he was married at the time he incurred the Disability, then such surviving spouse shall receive a
“survivor annuity,” equal to 100% of the benefit paid to the Participant prior to his death, which benefit shall begin on the first day of the calendar month next following the month in which the Participant’s death occurred and
ending with the calendar month in which the death of such surviving spouse occurs.
 
 ARTICLE V
 MISCELLANEOUS PROVISIONS
            5.1    
Termination of Plan.     While the Plan is intended as a permanent program, the Partnership, by vote of seventy-five percent (75%) of the Board of Directors of the Corporation, shall have the
right at any time to declare the Plan terminated completely as to the Partnership, or as to any division, facility or other operational unit thereof.  Discharge or layoff of employees of the Partnership, or any unit thereof without such a
declaration shall not result in a termination or partial termination of the Plan except to the extent required by law.  In the event of such termination, partial termination, discontinuance, or termination event under Section 5.6 (an
“Event of Termination”), the actuarial value of benefits accrued to the date of such termination or partial termination for the Participants and Beneficiaries (as reasonably determined by the Participants and/or the Beneficiaries) shall be
paid by the Partnership to the Participants and/or the Beneficiaries within thirty (30) days after the Event of Termination.  For purposes of this Section 5.1, the actuarial equivalent of a Participant’s benefit shall be determined using
the same actuarial factors that would be used for purposes of determining lump sum benefits under
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  the Retirement Plan as of the date of the Event of Termination if the Retirement Plan were then being terminated, and assuming that the Participant retired immediately and
commenced receiving the Supplemental Benefit payable hereunder as of the first day of the later of the month in which the Event of Termination occurs or the month in which the Participant attains age 55, with Other Retirement Benefits equal to those
accrued as of the date of such Event of Termination; provided, however, that in the event a Participant is not yet eligible to receive one or more Other Retirement Benefits, each such Other Retirement Benefit shall be deemed to commence at the
earliest possible commencement date under the terms of the plan or program pursuant to which such Other Retirement Benefit is provided, except that Social Security benefits shall not be deemed to commence until the date on which Participant will
attain the age used as his retirement age under Section 216(l) of the Social Security Act.  Notwithstanding the foregoing, if at the time of the Event of Termination the provisions originally in effect on January 1, 1996 under the Retirement
Plan for determining lump sum actuarial equivalents of benefits upon termination of the Retirement Plan (the “1996 Actuarial Provisions”) have been amended, and the 1996 Actuarial Provisions would produce a larger lump sum benefit if they
were still in effect, then the Participant’s lump sum benefit under this Plan shall be determined as if such 1996 Actuarial Provisions were still in effect.
            5.2    
Unfunded Plan.     The Plan shall be completely unfunded.  All benefits payable under the Plan shall be paid from the Partnership’s general assets, and any assets of the Partnership
available to pay Plan benefits shall be subject to the claims of the Partnership’s general creditors and may be used by the Partnership in its sole discretion for any purpose.  The Partnership shall not be required to set aside or hold in
trust any funds for the benefit of a Participant or Beneficiary, who shall have the status of a general unsecured creditor with respect to the Partnership’s obligation to make benefit payments pursuant to the Plan.
           5.3    
Payments.     If any amount becomes payable under the Plan to a minor or a person who, in the sole judgment of the Administrator, is considered by reason of physical or mental condition to be
unable to give a valid receipt therefor, the Administrator may direct that such payment be made to any person found by the Administrator, in its sole judgment, to have assumed the care of such minor or other person.  Any payment made pursuant
to such determination shall constitute a full release and discharge of the Administrator, the Partnership and its officers directors, employees, owners, agents and representatives.
            5.4    
Amendment of Plan.     As limited in Section 5.1 hereof, complete or partial amendments or modifications to the Plan (including retroactive amendments to meet governmental requirements or
prerequisites for tax qualification) may be made
  11

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  from time to time by the Partnership; provided, however, that no amendment shall decrease the accrued Benefit of any Participant or former Participant or reduce the amount
payable to a Participant under Section 5.1 upon an Event of Termination.
            5.5    
Retroactive Effect of Plan Amendment.
                      (a)     No Plan amendment, unless it expressly provides otherwise, shall be
applied retroactively to increase the accrued Benefit of a Participant whose Retirement, death or Disability preceded the date such amendment became effective unless and until such person again becomes a Participant.
                      (b)     No Plan amendment, unless it expressly provides otherwise, shall be
applied retroactively to increase the amount of Years of Service credited to any person for purposes of Plan participation, vesting or any other Plan purpose with respect to his participation or employment before the date such amendment became
effective.
                     (c)     Except as provided in subsections
(a) and (b), all rights under the Plan shall be determined under the terms of the Plan as in effect at the time the determination is made.
            5.6    
Consolidation or Merger; Adoption of Plan by Other Companies.
                      (a)     The Plan shall inure to the benefit of, and be binding upon, the parties
hereto and their successors and assigns.  If the Partnership merges or consolidates with or into a successor, the Plan shall continue in effect unless the successor terminates the Plan.
                      (b)     In the event of the sale by the Partnership or the Corporation of the
Partnership’s assets, the successor shall continue the Plan by adopting the Plan by resolution of its board of directors or agreement of its partners or of its proprietor.  If, within ninety (90) days from the effective date of such sale
of assets, such new corporation, partnership or proprietorship does not adopt the Plan, the Plan shall be terminated in accordance with Section 5.1.
                      (c)     There shall be no merger or consolidation with or transfer of the assets
or liabilities of the Plan to any other plan unless each Participant in the Plan would, if the combined plan were then terminated, receive a Benefit immediately after the merger, consolidation or transfer which is equal to or greater than the
Benefit each Participant would have been entitled to receive under the Plan immediately before the merger, consolidation or transfer, if the Plan had then terminated.
            5.7    
Inspection of Records.     Copies of the Plan and any other documents and records which a Participant is entitled by
 12

Table of Contents

  law to inspect shall be open to inspection by such Participant or such Participant’s duly authorized representatives at any reasonable business hour at the principal
office of the Partnership, any Partnership worksite at which at least fifty (50) employees regularly perform services and such other locations as the Secretary of Labor may require.
            5.8    
Plan Does Not Constitute Employment Contract.     Except as otherwise required by law, nothing contained in the Plan shall modify or limit the Employment Agreements.
            5.9    
Errors and Misstatements.     If any misstatement, error or omission of fact by a Participant to the Administrator results in payment of Benefits in an incorrect amount, the Administrator shall
promptly cause the amount of future payments to be corrected upon discovery of the facts and shall cause payment to the Participant or his Beneficiary of any underpayment in cash in a lump sum or shall recoup any overpayment from future payments to
the Participant or his Beneficiary or shall proceed against the Participant or his Beneficiary for recovery of any such overpayment.
            5.10    
Conflicting Claims.     Except as otherwise provided in Section 3.4, if the Administrator is confronted with conflicting claims concerning a Benefit, the Administrator may interplead the
claimants in an action at law, or in an arbitration conducted in accordance with the rules of the American Arbitration Association, as the Administrator shall elect in its sole discretion, and in either case, the attorneys’ fees, expenses and
costs reasonably incurred by the Administrator in such proceeding shall be paid by the Partnership.
            5.11    
Governing Law.     The Plan shall be interpreted, administered and enforced in accordance with the Code and the Act, and the rights of Participants, former Participants, Beneficiaries and all
other persons shall be determined in accordance therewith; provided, however, that, to the extent that state law is applicable, the laws of the state of the residence of the Participant in question, or if none, the state in which the principal
office of the Administrator is located shall apply.
           5.12    
Genders and Plurals.     Where the context so indicates, the masculine pronoun shall include the feminine pronoun and the singular shall include the plural.
            5.13    
Titles.     Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of the Plan.
            5.14    
References.     Unless the context clearly indicates to the contrary, a reference to a statute, regulation or document shall be construed as referring to any subsequently amended, enacted,
adopted or executed statute, regulation or document.
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                      IN WITNESS WHEREOF, the Partnership has caused the Plan
to be executed this day of _____________, 1996, effective, however, as of the Effective Date.

	  
 	  ROSE HILLS MORTUARY, L.P., a California
 limited partnership
 
	  
 	  
 	  
 
	  
 	  By:
 	  ROSE HILLS MORTUARY, INC.,
 
	  
 	  
 	 a California corporation,
 general partner
 
	  
 	  
 	   
 
	  
 	  
 	  By:
 	  /s/ DENNIS C. POULSEN
 
	  
 	  
 	  
 	 
 
	  
 	  
 	  Name:
 	  Dennis C. Poulsen
 
	  
 	  
 	  Title:
 	  President & CEO
 
	  
 	  
 	   
 
	  
 	  
 	  By:
 	  /s/ K. E. NUNGESSER
 
	  
 	  
 	   
 	 
 
	  
 	  
 	 Name:
 	  K. E. Nungesser
 
	  
 	  
 	  Title:
 	  Executive Vice President & CFO
 

  14

Table of Contents

  GUARANTEE
            Roses, Inc. and Rose Hills
Mortuary, Inc. each hereby unconditionally guarantees the due and punctual payment and performance of all obligations of Rose Hills Mortuary, L.P. under the foregoing Rose Hills Mortuary, L.P. Amended and Restated Supplemental Employee Retirement
Plan effective as of May 2, 1990, as the same may be amended, restated or otherwise modified from time to time in accordance with its terms.

	  
 	  ROSES, INC.
 
	  
 	  
 	  
 
	  
 	  By:
 	  /s/ DENNIS C. POULSEN
 
	  
 	  
 	 
 
	  
 	 Name:
 	  Dennis C. Poulsen
 
	  
 	  Title:
 	  President & CEO
 
	  
 	  
 	   
 
	  
 	  By:
 	  /s/ K. E. NUNGESSER
 
	  
 	  
 	 
 
	  
 	  Name:
 	  K. E. Nungesser
 
	  
 	  Title:
 	  Executive Vice President & CFO
 
	  
 	  
 	  
 
	  
 	 ROSE HILLS MORTUARY, INC.
 
	  
 	  
 	  
 
	  
 	  By:
 	  /s/ DENNIS C. POULSEN
 
	  
 	  
 	 
 
	  
 	  Name:
 	  Dennis C. Poulsen
 
	  
 	  Title:
 	  President & CEO
 
	  
 	  
 	  
 
	  
 	  By:
 	  /s/ K. E. NUNGESSER
 
	  
 	  
 	 
 
	  
 	 Name:
 	 K. E. Nungesser
 
	  
 	 Title:
 	 Executive Vice President & CFO
 

 15

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