Document:

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                                                                   EXHIBIT 10.35

APPROVED BY THE BOARD OF DIRECTORS
OF THE COMPANY ON OCTOBER 25, 2000

                         KHANTY MANSIYSK OIL CORPORATION
                              AMENDED AND RESTATED
                                 2000 STOCK PLAN

1.       PURPOSE

         The purpose of this Khanty Mansiysk Oil Corporation 2000 Stock Plan
(the "Plan") is to advance the interests of Khanty Mansiysk Oil Corporation (the
"Company") by enhancing the ability of the Company and its subsidiaries to
attract and retain directors, employees, consultants and advisers who are in a
position to make significant contributions to the success of the Company, to
reward them for their contributions and to encourage them to take into account
the long-term interests of the Company.

         The Plan provides for the award of (a) options ("Options") to purchase
shares of the Company's common stock ("Stock"), (b) stock appreciation rights
("SARs") based on Stock and (c) Other Awards (as defined in Section 6(f)
hereof). Options, SARs and Other Awards are referred to collectively herein as
"Awards". Options granted pursuant to the Plan may be incentive stock options as
defined in Section 422 of the Internal Revenue Code of 1986 (as from time to
time amended, the "Code") (any Option that is intended to qualify as an
incentive stock option being referred to herein as an "Incentive Option"), or
Options that are not Incentive Options, or both. Options granted pursuant to the
Plan shall be presumed to be non-Incentive Options unless expressly designated
as Incentive Options.

2.       ELIGIBILITY FOR AWARDS

         Persons eligible to receive Awards under the Plan shall be all
directors, including directors who are not employees, of the Company and all
executive officers, other employees, consultants and advisers of the Company and
its subsidiaries who, in the opinion of the Board, are in a position to make a
significant contribution to the success of the Company and its subsidiaries, and
any trust in which any such officer, director or employee has more than fifty
percent of the beneficial interest. Incentive Options shall be granted only to
"employees" as defined in the provisions of the Code or regulations thereunder
applicable to Incentive Options. A subsidiary for purposes of the Plan shall be
a corporation in which the Company owns, directly or indirectly, stock
possessing 50% or more of the total combined voting power of all classes of
stock. Persons selected for Awards under the Plan are referred to herein as
"participants"; provided, that in the case of a trust, references in the Plan to
the lifetime and death of the participant shall be deemed to refer to the
beneficiary of the trust.

3.       ADMINISTRATION

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         The Plan shall be administered by the Board of Directors (the "Board")
of the Company. The Board shall have authority, not inconsistent with the
express provisions of the Plan, (a) to grant Awards consisting of Options, SARs
or Other Awards, or a combination thereof, to such participants as the Board may
select; (b) to determine the time or times when Awards shall be granted and the
number of shares of Stock subject to each Award; (c) to determine which Options
are, and which Options are not, Incentive Options; (d) to determine the terms
and conditions of each Award; (e) to prescribe the form or forms of any
instruments evidencing Awards and any other instruments required under the Plan
and to change such forms from time to time; (f) to adopt, amend and rescind
rules and regulations for the administration of the Plan; and (g) to interpret
the Plan and to decide any questions and settle all controversies and disputes
that may arise in connection with the Plan. Such determinations of the Board
shall be conclusive and shall bind all parties. Subject to Section 9, the Board
shall also have the authority, both generally and in particular instances, to
waive compliance by a participant with any obligation to be performed by the
participant under an Award, to waive any condition or provision of an Award, and
to amend or cancel any Award (and if an Award is canceled, to grant a new Award
on such terms as the Board shall specify) except that the Board may not take any
action with respect to an outstanding Award that would adversely affect the
rights of the participant under such Award without such participant's consent.
Nothing in the preceding sentence shall be construed as limiting the power of
the Board to make adjustments required by Section 5(c).

         The Board may, in its discretion, delegate some or all of its powers
with respect to the Plan to a committee (the "Committee"), in which event all
references in this Plan (as appropriate) to the Board shall be deemed to refer
to the Committee. The Committee, if one is appointed, shall consist of at least
two directors and shall, unless the Board determines otherwise, satisfy the
provisions of Section 162(m) of the Code and Rule 16b-3 under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). A majority of the members
of the Committee shall constitute a quorum, and all determinations of the
Committee shall be made by a majority of its members. Any determination of the
Committee under the Plan may be made without notice or meeting of the Committee
by a writing signed by a majority of the Committee members.

4.       EFFECTIVE DATE AND TERM OF PLAN

         The Plan shall become effective on the date on which it is approved by
the Board of Directors of the Company. Grants of Awards under the Plan may be
made prior to that date (but contemporaneous with or after Board adoption of the
Plan), subject to approval of the Plan by the Board of Directors of the Company.
Any amendments to the Plan made following the date of any public offering of the
Company's securities shall be approved in accordance with all applicable laws,
including securities laws and regulations and the rules of any applicable
exchange on which the Company's securities are listed.

         No Awards shall be granted under the Plan after the completion of ten
years from the date on which the Plan was adopted by the Board, but Awards
previously granted may extend beyond that date.

5.       SHARES SUBJECT TO THE PLAN

         (a) NUMBER OF SHARES. Subject to adjustment as provided in Section
5(c), the aggregate number of shares of Stock that may be delivered upon the
exercise of Awards granted under the Plan shall be up to a maximum amount
determined by the Board, such amount not to exceed 15% of the authorized and
issued shares of the Company calculated on a fully-diluted basis. If any Award
granted under the

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Plan terminates without having been exercised in full, or upon exercise is
satisfied other than by delivery of Stock, the number of shares of Stock as to
which such Award was not exercised shall be available for future grants within
the limits set forth in this Section 5(a).

         The maximum number of shares for which Awards may be granted to any
individual over the life of the Plan shall be determined by the Board, subject
to the over-all limits set forth in this Section 5(a) and as adjusted pursuant
to Section 5(c) below. The per-individual limitations described in this
paragraph shall be construed and applied consistent with the rules and
regulations under Section 162(m) of the Code.

         (b) SHARES TO BE DELIVERED. Shares delivered under the Plan shall be
authorized but unissued Stock or, if the Board so decides in its sole
discretion, previously issued Stock acquired by the Company and held in its
treasury. No fractional shares of Stock shall be delivered under the Plan.

         (c) CHANGES IN STOCK. In the event of a stock dividend, stock split or
combination of shares, recapitalization or other change in the Company's capital
stock, the number and kind of shares of Stock or other property subject to
Awards then outstanding or subsequently granted under the Plan, the exercise
price of such Awards, the number and kind of shares of Stock or other property
that may be delivered under the Plan, and other relevant provisions shall be
appropriately adjusted by the Board, whose determination shall be binding on all
persons.

         The Board may also adjust the number and kind of shares of Stock or
other property subject to Awards then outstanding or subsequently granted under
the Plan, the exercise price of such Awards, the number and kind of shares of
Stock or other property that may be delivered under the Plan, and other relevant
provisions to take into consideration material changes in accounting practices
or principles, extraordinary dividends, consolidations, mergers, acquisitions or
dispositions of stock or property or any other event if its is determined by the
Board that such adjustment is appropriate to avoid distortion in the operation
of the Plan, provided that no such adjustment shall be made in the case of an
Incentive Option, without the consent of the participant, if it would constitute
a modification, extension or renewal of the Option within the meaning of section
424(h) of the Code.

6.       TERMS AND CONDITIONS OF AWARDS.

         Except as otherwise provided in any applicable Award agreement, the
following terms and conditions shall apply to Options and SARs granted pursuant
to the Plan:

         (a) EXERCISE PRICE OF OPTIONS AND SARS. The exercise price of each
Option or SAR shall be determined by the Board but in the case of an Incentive
Option shall not be less than 100% (110%, in the case of an Incentive Option
granted to a ten-percent shareholder) of the fair market value of the Stock at
the time the Option is granted; nor shall the exercise price be less, in the
case of an original issue of authorized stock, than par value. Unless otherwise
determined by the Board, "fair market value" shall mean the closing price of the
Company's stock on the preceding trading day on which the Company's stock is
traded and "ten-percent shareholder" shall mean any participant who at the time
of grant owns directly, or by reason of the attribution rules set forth in
Section 424(d) of the Code, is deemed to own stock possessing more than 10% of
the total combined voting power of all classes of stock of the Company or of any
of its parent or subsidiary corporations.

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         (b) DURATION OF OPTIONS AND SARS. Options and SARs shall be exercisable
during such period or periods as the Board may specify. The latest date on which
an Option or SAR may be exercised (the "Final Exercise Date") shall be the date
that is ten years (five years, in the case of an Incentive Option granted to a
"ten-percent shareholder" as defined in (a) above) from the date the Option or
SAR was granted or such earlier date as the Board may specify at the time the
Option or SAR is granted.

         (c)      EXERCISE OF OPTIONS AND SARS.

                  (1)      Options and SARs shall become exercisable at such
                           time or times and upon such conditions as the Board
                           shall specify. In the case of an Option or an SAR not
                           immediately exercisable in full, the Board may at any
                           time accelerate the time at which all or any part of
                           the Option or SAR may be exercised.

                  (2)      Options and SARs may be exercised only in writing.
                           Written notice of exercise must be signed by the
                           proper person and furnished to the Company, together
                           with (i) such documents as the Board may require and
                           (ii) in the case of an Option, payment in full as
                           specified below in Section 6(d) for the number of
                           shares for which the Option is exercised.

                  (3)      The delivery of Stock upon the exercise of an Option
                           or an SAR shall be subject to compliance with (i)
                           applicable federal and state laws and regulations,
                           (ii) if the outstanding Stock is at the time listed
                           on any stock exchange, the listing requirements of
                           such exchange, and (iii) Company counsel's approval
                           of all other legal matters in connection with the
                           issuance and delivery of such Stock. If the sale of
                           Stock has not been registered under the Securities
                           Act of 1933, as amended, the Company may require, as
                           a condition to exercise of the Option or SAR, such
                           representations or agreements as counsel for the
                           Company may consider appropriate to avoid violation
                           of such Act and may require that the certificates
                           evidencing such Stock bear an appropriate legend
                           restricting transfer.

                  (4)      In the case of an SAR or an Option that is not an
                           Incentive Option, the Board shall have the right to
                           require that the participant exercising the Option or
                           SAR remit to the Company an amount sufficient to
                           satisfy any federal, state, or local withholding tax
                           requirements (or make other arrangements satisfactory
                           to the Company with regard to such taxes) prior to
                           the delivery of any Stock or cash pursuant to the
                           exercise of the Option or SAR. If permitted by the
                           Board, either at the time of the grant of the Option
                           or SAR or the time of exercise, the participant may
                           elect, at such time and in such manner as the Board
                           may prescribe, to satisfy such withholding obligation
                           by (i) delivering to the Company Stock (which in the
                           case of Stock acquired from the Company, unless
                           otherwise determined by the Board, shall have been
                           owned by the participant for at least six months
                           prior to the delivery date) having a fair market
                           value equal to such withholding obligation, or (ii)
                           requesting that the Company withhold from the shares
                           of Stock to be

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                           delivered upon the exercise a number of shares of
                           Stock having a fair market value equal to such
                           withholding obligation.

                           In the case of an Incentive Option, if at the time
                           the Option is exercised the Board determines that
                           under applicable law and regulations the Company
                           could be liable for the withholding of any federal or
                           state tax with respect to a disposition of the Stock
                           received upon exercise, the Board may require as a
                           condition of exercise that the participant exercising
                           the Option agree (i) to inform the Company promptly
                           of any disposition (within the meaning of Section
                           424(c) of the Code and the regulations thereunder) of
                           Stock received upon exercise, and (ii) to give such
                           security as the Board deems adequate to meet the
                           potential liability of the Company for the
                           withholding of tax, and to augment such security from
                           time to time in any amount reasonably deemed
                           necessary by the Board to preserve the adequacy of
                           such security.

                  (5)      If an Option or an SAR is exercised by the executor
                           or administrator of a deceased participant, or by the
                           person or persons to whom the Option has been
                           transferred by the participant's will or the
                           applicable laws of descent and distribution, the
                           Company shall be under no obligation to deliver Stock
                           pursuant to such exercise until the Company is
                           satisfied as to the authority of the person or
                           persons exercising the Option or SAR.

         (d) PAYMENT FOR AND DELIVERY OF STOCK. Stock purchased upon exercise
of an Option under the Plan shall be paid for as follows:

         (i) in cash or by personal check, certified check, bank draft or money
order payable to the order of the Company; or

         (ii) if so permitted by the Board (which, in the case of an Incentive
Option, shall specify the method of payment at the time of grant), (A) through
the delivery of shares of Stock (which, in the case of Stock acquired from the
Company, unless otherwise determined by the Board, shall have been held for at
least six months prior to delivery) having a fair market value on the last
business day preceding the date of exercise equal to the purchase price or (B)
by delivery of an unconditional and irrevocable undertaking by a broker to
deliver promptly to the Company sufficient funds to pay the exercise price, (C)
by requesting that the Company withhold from the shares of Stock to be delivered
upon the exercise a number of shares of Stock having a fair market value on the
last business day preceding the date of exercise equal to the purchase price or
(D) by any combination of the permissible forms of payment.

         (e) STOCK APPRECIATION RIGHTS. The Board in its discretion may grant
SARs either in tandem with or independent of Options awarded under the Plan.
Except as hereinafter provided, each SAR shall entitle the participant to
receive upon exercise, with respect to each share of Stock to which the SAR
relates, the excess of (i) the share's value on the date of exercise over (ii)
the share's fair market value on the date the SAR was granted. For purposes of
clause (i), "value" shall mean fair market value; PROVIDED, that the Board may
adjust such value to take into account dividends on the Stock. The amount
payable to a participant upon exercise of an SAR shall be paid either in cash or
in shares of Stock, as the

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Board determines. Each SAR shall be exercisable during such period or periods
and on such terms as the Board may specify. In no event, however, shall an SAR
be exercisable after the date that is ten years from the date of grant.

         (f) OTHER AWARDS. Other forms of awards ("Other Awards") valued in
whole or in part by reference to, or otherwise based on, Stock may be granted
either alone or in addition to other Awards under the Plan. Subject to the
provisions of the Plan, the Board shall have sole and complete authority to
determine the persons to whom and the time or times at which such Other Awards
shall be granted, the number of shares of Stock to be granted pursuant to such
Other Awards and all other conditions of such Other Awards.

         (g) RIGHTS AS SHAREHOLDER. A participant shall not have the rights of a
shareholder with regard to Awards under the Plan except as to Stock actually
received by the participant under the Plan.

         (h) NONTRANSFERABILITY OF AWARDS. Except as the Board may otherwise
determine, no Award may be transferred other than by will or by the laws of
descent and distribution, and during a participant's lifetime an Award may be
exercised only by the participant.

         (i) DEATH. Unless otherwise determined by the Board, if a participant
dies, each Option and SAR held by the participant immediately prior to death may
be exercised, to the extent it was exercisable immediately prior to death, by
the participant's executor or administrator or by the person or persons to whom
the Option or SAR is transferred by will or the applicable laws of descent and
distribution, at any time within the one-year period (or such longer or shorter
period as the Board may determine) beginning with the date of the participant's
death but in no event beyond the Final Exercise Date. Unless otherwise
determined by the Board, all Options and SARs held by a participant immediately
prior to death that are not then exercisable shall terminate on the date of
death.

         (j) TERMINATION OF SERVICE OTHER THAN BY DEATH. Unless otherwise
determined by the Board, if an employee's employment with the Company and its
subsidiaries terminates for any reason other than by death, all Options and SARs
held by the employee (or by a trust of which the employee is the beneficiary)
that are not then exercisable shall terminate. Unless otherwise determined by
the Board, Options and SARs that are exercisable on the date employment
terminates shall continue to be exercisable for a period of three months (or
such longer or shorter period as the Board may determine, but in no event beyond
the Final Exercise Date) unless the employee was discharged for cause (as
determined by the Board). After completion of the post-termination exercise
period, such Options and SARs shall terminate to the extent not previously
exercised, expired or terminated. Unless otherwise determined by the Board, for
purposes of this Section 6(j), employment shall not be considered terminated (i)
in the case of sick leave or other bona fide leave of absence approved for
purposes of the Plan by the Board, so long as the employee's right to
reemployment is guaranteed either by statute or by contract, or (ii) in the case
of a transfer of employment between the Company and a subsidiary or between
subsidiaries, or to the employment of a corporation (or a parent or subsidiary
corporation of such corporation) issuing or assuming an Option or SAR in a
transaction to which Section 424(a) of the Code applies.

         In the case of a participant who is not an employee (or a trust of
which an employee is the beneficiary), provisions relating to the exercisability
of Options and SARs following termination of service shall be specified in the
Award. If not so specified, all Options and SARs held by such participant that
are not then exercisable shall terminate upon termination of service. Unless
otherwise determined

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by the Board, Options and SARs that are exercisable on the date the
participant's service as director, consultant or adviser terminates shall
continue to be exercisable for a period of three months (or such longer period
as the Board may determine, but in no event beyond the Final Exercise Date)
unless the director, consultant or adviser was terminated for cause (as
determined by the Board). Unless otherwise determined by the Board, after
completion of the post-termination exercise period, such Options and SARs shall
terminate to the extent not previously exercised, expired or terminated.

         (k) SUBSTITUTE AWARDS. The Board may grant Awards under the Plan in
substitution for Awards held by directors, employees, consultants or advisers of
another corporation who concurrently become directors, employees, consultants or
advisers of the Company or a subsidiary of the Company as the result of a merger
or consolidation of that corporation with the Company or a subsidiary of the
Company, or as the result of the acquisition by the Company or a subsidiary of
the Company of property or stock of that corporation. The Company may direct
that substitute Awards be granted on such terms and conditions as the Board
considers appropriate in the circumstances.

7.       CHANGE IN CONTROL

         (a) The provisions of this Section 7 will apply to all Awards granted
under the Plan unless otherwise specified by the Board in an Award agreement.

         (b) Upon a Change in Control, all Options, SARs and Other Awards shall
become vested and exercisable, and all restrictions with respect thereto shall
immediately lapse.

         (c) A "CHANGE IN CONTROL" shall be deemed to have occurred if the event
set forth in any one of the following paragraphs shall have occurred:

                           (i) any Person is or becomes the Beneficial Owner,
         directly or indirectly, of securities of the Company (not including in
         the securities beneficially owned by such Person any securities
         acquired directly from the Company or its affiliates) representing 30%
         or more of the combined voting power of the Company's then outstanding
         securities, excluding any Person who becomes such a Beneficial Owner in
         connection with a transaction described in clause (A) of paragraph
         (iii) below; or

                           (ii) the following individuals cease for any reason
         to constitute a majority of the number of directors then serving:
         individuals who, on the date hereof, constitute the Board and any new
         director (other than a director whose initial assumption of office is
         in connection with an actual or threatened election contest, including
         but not limited to a consent solicitation, relating to the election of
         directors of the Company) whose appointment or election by the Board or
         nomination for election by the Company's shareholders was approved or
         recommended by a vote of at least two-thirds (2/3) of the directors
         then still in office who either were directors on the date hereof or
         whose appointment, election or nomination for election was previously
         so approved or recommended; or

                           (iii) there is consummated a merger or consolidation
         of the Company or any direct or indirect subsidiary of the Company with
         any other corporation, other than (A) a merger or consolidation
         immediately following which the directors of the Company immediately
         prior to such merger or consolidation continuing to constitute at least
         a majority of the board of

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         directors of the Company, the surviving entity or any parent thereof or
         (B) a merger or consolidation effected to implement a recapitalization
         of the Company (or similar transaction) in which no Person is or
         becomes the Beneficial Owner, directly or indirectly, of securities of
         the Company (not including in the securities Beneficially Owned by such
         Person any securities acquired directly from the Company or its
         affiliates) representing 30% or more of the combined voting power of
         the Company's then outstanding securities; or

                           (iv) the shareholders of the Company approve a plan
         of complete liquidation or dissolution of the Company or there is
         consummated an agreement for the sale or disposition by the Company of
         all or substantially all of the Company's assets, other than a sale or
         disposition to a company, at least a majority of the directors of which
         were directors of the Company immediately prior to such sale or
         disposition.

         (d) "BENEFICIAL OWNER" shall have the meaning set forth in Rule
13d-3 under the Exchange Act.

         (e) "PERSON" shall have the meaning given in Section 3(a)(9) of the
Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except
that such term shall not include (i) the Company or any of its subsidiaries,
(ii) a trustee or other fiduciary holding securities under an employee benefit
plan of the Company or any of its affiliates, (iii) an underwriter temporarily
holding securities pursuant to an offering of such securities, or (iv) a
corporation owned, directly or indirectly, by the stockholders of the Company in
substantially the same proportions as their ownership of stock of the Company.

8.       EMPLOYMENT RIGHTS

         Neither the adoption of the Plan nor the grant of Awards shall confer
upon any participant any right to continue as an employee or director of, or
consultant or adviser to, the Company or any parent or subsidiary or affect in
any way the right of the Company or parent or subsidiary to terminate them at
any time. Except as specifically provided by the Board in any particular case,
the loss of existing or potential profit in Awards granted under this Plan shall
not constitute an element of damages in the event of termination of the
relationship of a participant even if the termination is in violation of an
obligation of the Company to the participant by contract or otherwise.

9.       EFFECT, DISCONTINUANCE, CANCELLATION, AMENDMENT AND TERMINATION

         Neither adoption of the Plan nor the grant of Awards to a participant
shall affect the Company's right to make Awards to such participant that are not
subject to the Plan, to issue to such participant Stock as a bonus or otherwise,
or to adopt other plans or arrangements under which Stock may be issued.

         The Board may at any time discontinue granting Awards under the Plan.
With the consent of the participant, the Board may at any time cancel an
existing Award in whole or in part and grant another Award for such number of
shares as the Board specifies. The Board may at any time or times amend the Plan
or any outstanding Award for the purpose of satisfying the requirements of
Section 422 of the Code or of any changes in applicable laws or regulations or
for any other purpose that may at the time be permitted by law, or may at any
time terminate the Plan as to further grants of Awards, but no such amendment or
termination shall adversely affect the rights of any participant (without the
participant's consent) under any Award previously granted.

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10.      GOVERNING LAW

         The Plan and all determinations made and actions taken pursuant hereto
shall be governed by the laws of the State of New York without giving effect to
the conflict of laws principles thereof.

                                       9<PAGE>

                                                                   EXHIBIT 10.36

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                     THE 2000 KMOC EMPLOYEES TRUST AGREEMENT

                                   DATED AS OF
                                NOVEMBER 29, 2000

                                 BY AND BETWEEN

                        KHANTY MANSIYSK OIL CORPORATION,
                                   AS GRANTOR,

                                       AND

                               JOHN B. FITZGIBBONS
                                       AND
                                 ANDY W. MORGAN,
                                   AS TRUSTEES

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                                TABLE OF CONTENTS

                                                                 PAGE

ARTICLE I         CREATION OF TRUST; DEFINED TERMS.................1

ARTICLE II        FAMILY MEMBERS...................................1

ARTICLE III       TRUST FOR THE BENEFICIARY........................1

ARTICLE IV        TRUST FOR SPOUSE.................................2

ARTICLE V         TRUST FOR DESCENDANTS............................2

ARTICLE VI        TRUSTS FOR PARENTS...............................3

ARTICLE VII       REMOTE DISPOSITIONS..............................3

ARTICLE VIII      DEFINITIONS; CONSTRUCTION OF TERMS...............3

ARTICLE IX        ADMINISTRATION OF TRUST AGREEMENT................4

ARTICLE X         FIDUCIARY POWERS.................................6

ARTICLE XI        APPOINTMENT AND RESIGNATION OF TRUSTEES.........10

ARTICLE XII       DEATH TAXES.....................................12

ARTICLE XIII      IRREVOCABILITY; GOVERNING LAW...................12

ARTICLE XIV       COUNTERPARTS....................................13

<PAGE>

      TRUST AGREEMENT made as of the 29th day of November, 2000, by and among
KHANTY MANSIYSK OIL CORPORATION, a Delaware corporation (hereinafter referred to
as the "Grantor"), and JOHN B. FITZGIBBONS, residing in the City, County and
State of New York, and ANDY W. MORGAN residing in Queens County of New York City
in the State of New York (hereinafter, along with any other trustees serving
hereunder, referred to as the "Trustees").

                  ARTICLE I. CREATION OF TRUST; DEFINED TERMS

      A. TRANSFER OF INITIAL CONTRIBUTION. The Grantor hereby creates a separate
trust for the benefit of each of the persons identified on Schedule A annexed
hereto, each of whom is currently employed by the Grantor or a subsidiary of the
Grantor, and may from time to time create a separate trust hereunder for other
employees in the future. Each employee, with respect to the trust for his or her
benefit and with respect to any trust hereunder for the benefit of his or her
spouse, parent, sibling or descendant, shall be referred to herein as the
"Beneficiary". The Grantor hereby transfers to the Trustees the Initial
Contribution with respect to the trusts for each of the employees named above
and may from time to time transfer in the future additional property to any one
or more of such trusts established hereunder as it shall determine in its sole
discretion. The Trustees accept and acknowledge receipt of the Initial
Contribution, and agree to hold the Initial Contribution and all additional
property transferred to them in trust, and to invest, manage and distribute such
property in accordance with the provisions of this trust agreement (this
"Agreement").

      B. IDENTIFICATION OF TRUST AGREEMENT. This Agreement shall be known as
"THE 2000 KMOC EMPLOYEES TRUST AGREEMENT" and the trusts created under Article
III of this Agreement shall be known as "THE 2000 KMOC EMPLOYEES TRUST f/b/o"
followed by the name of the employee who is the Beneficiary thereof.

      C. CAPITALIZED TERMS. Capitalized terms are defined in Article VIII unless
otherwise defined where they first appear.

                           ARTICLE II. FAMILY MEMBERS

      A. REFERENCES TO CHILDREN. References to a Beneficiary's children shall
include any child of the Beneficiary who is living at the date of this Agreement
and any other child who may hereafter be born to or adopted by the Beneficiary.

      B. REFERENCES TO SPOUSE. References to the Beneficiary's spouse shall be
to the person who is married to and living with the Beneficiary (disregarding
separations attributable to illness or reasons other than marital discord) at
the time such provision is applicable or at the death of the first of them to
die, as the case may be.

                     ARTICLE III. TRUST FOR THE BENEFICIARY

      A. LIFETIME TRUST. During the life of the Beneficiary the Trustees shall
distribute to the Beneficiary so much of the net income and principal as the
Trustees in their sole discretion shall determine. This trust may be referred to
as the "Lifetime Trust."

      B. DISPOSITION AT DEATH. Upon the death of the Beneficiary, the Lifetime
Trust shall terminate and the remaining principal shall be distributed to such
one or more of the Beneficiary's parents, spouse and descendants as the Trustees
in their sole discretion shall determine; provided, however, that any such
distributions shall be held in accordance with Articles IV, V or VI of this
Agreement, as the case may be. It is the

<PAGE>

Grantor's desire, but not its direction, that any written instrument filed with
the Trustees setting forth the Beneficiary's wishes with respect to the
distribution of the remaining trust principal be given consideration by the
Trustees prior to making any distributions on termination of such trust, but
shall in no way be binding upon the Trustees in the exercise of their
discretion.

                          ARTICLE IV. TRUST FOR SPOUSE

      All property distributed under this Agreement to the spouse of the
Beneficiary (the "Spouse") shall be held in trust upon the following terms:

      A. DURING THE LIFE OF THE SPOUSE. During the life of the Spouse, the
Trustees shall distribute to the spouse of the Beneficiary so much of the net
income and principal as the Trustees in their sole discretion shall determine.

      B. UPON THE DEATH OF THE SPOUSE. Upon the death of the Spouse, the trust
shall terminate and the Trustees shall distribute the remaining principal to
such one or more of the Beneficiary's parents and descendants as the Trustees in
their sole discretion shall determine; provided, however, that any such
distributions shall be held in accordance with Articles V or VI of this
Agreement, as the case may be. It is the Grantor's desire, but not its
direction, that any written instrument filed with the Trustees setting forth the
Beneficiary's wishes with respect to the distribution of the remaining trust
principal be given consideration by the Trustees prior to making any
distributions on termination of such trust, but shall in no way be binding upon
the Trustees in the exercise of their discretion.

                        ARTICLE V. TRUST FOR DESCENDANTS

      All property distributed under this Agreement to a descendant of a
Beneficiary (the "Descendant") shall be held in trust upon the following terms:

      A. DURING THE LIFE OF THE DESCENDANT. During the life of the Descendant,
the Trustees shall distribute to the Descendant so much of the net income and
principal as the Trustees in their sole discretion shall determine; provided,
however, that the Trustees shall have the discretion to distribute the entire
principal to the Descendant at any time after the Descendant attains the age of
twenty-one (21) years if the Trustees determine that such distribution would be
in the best interests of the Descendant.

      B. UPON THE DEATH OF THE DESCENDANT. Upon the death of the Descendant, the
trust shall terminate and the Trustees shall distribute the remaining principal
to such one or more of the Beneficiary's parents, spouse and descendants as the
Trustees in their sole discretion shall determine; provided, however, that any
such distributions shall be held in accordance with Articles IV, V or VI of this
Agreement, as the case may be. It is the Grantor's desire, but not its
direction, that any written instrument filed with the Trustees setting forth the
Beneficiary's wishes with respect to the distribution of the remaining trust
principal be given consideration by the Trustees prior to making any
distributions on termination of such trust, but shall in no way be binding upon
the Trustees in the exercise of their discretion.

      C. APPLICATION OF RULE AGAINST PERPETUITIES. Notwithstanding any contrary
provision of this Agreement:

         (1) Each trust shall terminate no later than the expiration of the
longest period that property may be held in trust under the law of the
jurisdiction governing such trust (including any applicable term of years),
provided that if the jurisdiction has a rule against perpetuities that applies
only to certain types of property (such as, for example, real property), the
provisions of this Paragraph C shall apply only to such property. If under the
law of such jurisdiction the longest period that property may be held in trust
may be determined with reference

                                       2
<PAGE>

to the death of the last survivor of a class of persons living at the date of
this Agreement, that class shall consist of the issue of all of the
Beneficiaries' parents who were living at the date of this Agreement.

         (2) Upon termination of a trust pursuant to this Paragraph C, the
Trustees shall pay the remaining principal outright to the Descendant.

                         ARTICLE VI. TRUSTS FOR PARENTS

      All property distributable to a parent of the Beneficiary (the "Parent")
shall be held in trust upon the following terms:

      A. DURING THE LIFE OF THE PARENT. During the life of the Parent, the
Trustees shall distribute to the Parent so much of the net income and principal
as the Trustees in their sole discretion shall determine.

      B. UPON THE DEATH OF THE PARENT OF A BENEFICIARY. Upon the death of the
Parent, the trust shall terminate and the Trustees shall distribute the
remaining principal to such one or more of the Beneficiary's spouse and
descendants as the Trustees in their sole discretion shall determine; provided,
however, that any such distributions shall be held in accordance with Articles
IV and V of this Agreement, as the case may be. It is the Grantor's desire, but
not its direction, that any written instrument filed with the Trustees setting
forth the Beneficiary's wishes with respect to the distribution of the remaining
trust principal be given consideration by the Trustees prior to making any
distributions on termination of such trust, but shall in no way be binding upon
the Trustees in the exercise of their discretion.

                        ARTICLE VII. REMOTE DISPOSITIONS

      REMOTE DISPOSITION. Upon the death of any person for whom a trust is then
in existence, if the remaining principal of his or her trust is not effectively
disposed of under the other provisions of this Agreement (including if the
Trustees shall determine not to exercise their discretionary power to distribute
the property among such of the Beneficiary's spouse, parents, siblings and
descendants as are then living), such property shall be paid to such person or
persons who would have taken and in the amounts or proportions in which they
would have taken had the Beneficiary (for whom or for whose spouse, parent or
descendant such trust was established) then died interstate and a domiciliary of
the State of New York leaving such property and no other.

                ARTICLE VIII. DEFINITIONS; CONSTRUCTION OF TERMS

      A. DEFINED TERMS. Unless specifically provided otherwise, the following
definitions (with respect to both capitalized and non-capitalized terms) shall
apply for all purposes of this Agreement:

         (1)   "ARTICLE": the specified article of this Agreement.

         (2)   "CHILD," "CHILDREN," "DESCENDANTS" and "ISSUE" (and words of
similar import): persons who are descended from the designated ancestor
genetically or by legal adoption, provided that:

               (a) a person legally adopted after attaining the age of eighteen
      (18) years and such person's descendants (whether genetic or legally
      adopted) shall be deemed not to be issue of the adoptive parent or
      parents;

               (b) a person legally adopted prior to attaining the age of
      eighteen (18) years in a proceeding which terminated the parental rights
      of a genetic parent shall be deemed not to be the issue of any such
      genetic parent who consented to the adoption;

                                       3
<PAGE>

               (c) a person born out of wedlock and such person's descendants
      (whether genetic or legally adopted) shall be deemed not to be issue of
      such person's father unless such father has voluntarily acknowledged
      paternity in a signed instrument filed with any court or governmental
      agency or has otherwise openly and notoriously acknowledged the child as
      his own; and

               (d) a person born as a result of artificial insemination, in
      vitro fertilization or other medical intervention shall be deemed to be a
      genetic descendant of the woman (other than a woman who was contractually
      serving as a surrogate mother) who gave birth to such person (the "birth
      mother") and the husband of the birth mother at the time such person was
      conceived or implanted, unless there is clear and convincing evidence that
      the husband withheld consent to the medical intervention and did not
      subsequently voluntarily acknowledge paternity.

            In the event of any question as to whether a birth mother's husband
withheld consent to a medical intervention for purposes of subparagraph (2)(d)
of this Paragraph A, or paternity has been voluntarily acknowledged for purposes
of subparagraphs (2)(c) or (2)(d) of this Paragraph A, the determination of the
Trustees (other than the birth mother or the putative father) shall be binding
on all persons interested in the trusts hereunder and on all persons claiming to
be so interested.

            (3) "DEATH TAXES": all estate, inheritance, generation-skipping
transfer taxes, transfer, succession and other death taxes, together with any
interest and penalties thereon, imposed by any jurisdiction by reason of a
person's death.

            (4) "EXECUTORS": the executors, personal representatives,
administrators of a person's Will or other legal representative of a person's
estate and successors thereto, whether domiciliary or ancillary, serving at any
time. References to a person's executors and any pronoun referring thereto shall
be construed in the singular or plural, as appropriate, and in the appropriate
gender.

            (5) "INITIAL CONTRIBUTION": the property described on Schedule A
annexed hereto.

      B.    CONSTRUCTION OF TERMS. In construing this Agreement:

            (1) If any beneficiary (other than a Beneficiary) dies within ninety
(90) days after the date on which he or she becomes entitled to any property
interest under this Agreement (whether outright or in trust), such beneficiary
shall be deemed to have died prior to such date.

            (2) Property payable to a person's then living issue shall be paid
to such issue "PER stripes," that is, such property shall require primary
division into equal shares for the children of that individual (who are either
living or represented by living issue) whether or not there actually is a living
child of that individual.

            (3) References to the Trustees and any pronoun referring thereto
shall be construed in the singular or plural, as appropriate, and in the
appropriate gender.

      C.    TITLES. Titles in this Agreement are solely for convenience of
reference and shall not affect the construction of any provision of this
Agreement.

                 ARTICLE IX. ADMINISTRATION OF TRUST AGREEMENT

      A. GENERAL ADMINISTRATIVE PROVISIONS. In the administration of all trusts:

            (1)   Whenever the Trustees are directed or authorized to pay the
income or principal of any trust, the duty or power to pay the same to a
beneficiary shall include the power to apply the same for the benefit of the
beneficiary.

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<PAGE>

            (2)   The Trustees may act primarily in the interests of the current
beneficiary (even to the extent of distributing the entire principal, thereby
terminating the trust) and without regard to the interests of subsequent
beneficiaries or remainder men or any rules of trust law which may require
impartiality as among such interests, and the interests of all subsequent
beneficiaries or remainder men are subordinate to the exercise of such powers.
The Trustees may, but shall not be required to, inquire into or take into
account the other income or resources of any beneficiary or the obligation of
any person to support any beneficiary.

            (3)   Any net income of any trust which is not distributed within
sixty-five (65) days after the close of the taxable year of the trust shall be
added to principal.

            (4)   In applying income or principal for a beneficiary under the
age of twenty-one (21) years, the Trustees may take into consideration that such
beneficiary may be a financial burden to his or her guardian or parent or the
person with whom he or she may be living, and accordingly, may pay from such
beneficiary's trust an appropriate share of the expenses of the guardian,
parent, or other person in maintaining the home in which the beneficiary and any
other persons reside and other related expenses.

            (5)   If the aggregate value of the principal and accrued and
undistributed income of any trust is at any time of such a modest amount that
the continued administration of the trust is not in the opinion of the Trustees
economically reasonable, the Trustees, in their discretion, may terminate such
trust and distribute the remaining principal and income to the current income
beneficiary.

            (6)   Notwithstanding any contrary provision of this Agreement, no
discretionary payments of income or principal shall be used to pay, defray or
reimburse any expense paid or payable by any governmental agency or charitable
institution for the support of any beneficiary, and the Trustees shall not be
compelled to pay, defray or reimburse any such expense. If, during the term of
the trust, the beneficiary is institutionalized in a facility operated by or
with or reimbursed by or with the funds of any governmental agency, or if public
funds are available for the care of or for payments and services to the
beneficiary, then no discretionary payments of income or principal shall be paid
or applied to or for the benefit of the beneficiary, except for those comforts
and luxuries not otherwise provided by any publicly funded program or from any
other source, public or private, and no court shall have the authority to direct
payments of income or principal to or for the benefit of the beneficiary.

            (7)   Whenever the Trustees pay the remaining principal upon
termination of any trust, such principal may be paid in cash or distributed in
kind and shall also include all accumulated, undistributed and accrued income
thereon.

            (8)   The Trustees may continue to exercise all the powers and
authority conferred by this Agreement with respect to any trust for a reasonable
period after the termination thereof and until completion of distribution of the
assets of the trust.

                                       5
<PAGE>

            B.    DIVISION OF TRUSTS GENERALLY. If the Trustees so determine,
the Trustees shall hold any property immediately upon receipt in a separate
trust, or shall divide any property held in trust (including any terminating
trust) or directed to be held in trust (whether or not immediately upon receipt)
into two or more separate trusts of equal or unequal value, each of which shall
be held as a separate trust, provided that Trustees' commissions shall be
determined as if all property held in such separate trusts from time to time
constituted a single trust, and such commissions shall be allocated
proportionately among such separate trusts.

            C.    INTERESTS NOT TRANSFERABLE OR SUBJECT TO CREDITORS' CLAIMS. No
trust beneficiary shall have any right or power to anticipate, pledge, assign,
sell, transfer, alienate or in any other manner encumber his or her interest in
income or principal, nor shall any trust hereunder become liable for any
indebtedness of the beneficiary or be subject to any legal process, bankruptcy
proceeding or the claims, interference or control of the creditors of such
beneficiary.

                          ARTICLE X. FIDUCIARY POWERS

            A.    GENERAL POWERS OF TRUSTEES. The Trustees shall have all powers
and discretion conferred generally upon trustees under the laws of the State of
New York. Without limiting the foregoing, the Trustees are also authorized, in
their discretion:

                  (1)   To retain for such period of time as they deem advisable
any property in the form received by them and successive interests received on
account thereof, including the stock of any corporate fiduciary acting
hereunder, without liability for decrease in value; and to acquire by purchase,
by exercise of options, or otherwise, and to retain for so long as they deem
advisable any kind of realty and personalty, including balances in savings
accounts, stock of any class, bonds or unsecured obligations (producing taxable
or tax-exempt income), options, interests in investment trusts and discretionary
common trust funds, and limited liability and limited partnership interests, and
metals, precious and semi-precious stones, coins, stamps, fine arts, and term
interests, life estates, remainder interests and other similar types of limited
interests, all without diversification as to kind or amount and without being
restricted by any statute or rule of law concerning fiduciary investments and
even though such investment is non-income producing or of a wasting asset
nature, and even though any trust may be invested entirely or primarily in one
investment or one type of investment;

                  (2)   To manage, maintain, insure, repair, alter, improve,
develop, subdivide, partition or otherwise deal in or with or abandon any real
or personal property or any interest therein;

                  (3)   To sell (at public or private sale), mortgage, exchange,
grant options to purchase, lease or otherwise dispose of any real or other
property or any interest therein, at such times, in such manner and upon such
terms and conditions (including, without limitation, for cash or on credit or
both, and for a term, whether or not such term extends beyond the anticipated
period of administration of any trust or any period fixed by law) as the
Trustees determine;

                  (4)   To consent to the subordination, modification, renewal
or extension of any note, bond, mortgage, open account indebtedness or other
obligation, whether or not secured or evidenced by any writing; and to foreclose
or otherwise deal with mortgages or to continue mortgage investments and to use
other assets to protect any investment in any property, whether represented by
note, bond, mortgage, other obligation or otherwise;

                  (5)   To vote by discretionary proxy or otherwise, and to
become parties to any voting trust agreement whether or not extending beyond the
anticipated period of administration of any trust or any term fixed by law, and
to assent to, participate in or oppose any type of reorganization, readjustment,
re-capitalization, consolidation, merger, dissolution of or other action in
connection with any corporation or other entity (including, without limitation,
delegating discretionary powers to and depositing property with any committee
and paying any assessments or other expenses);

                                       6
<PAGE>

                  (6)   To borrow money without personal liability therefore
from one or more of themselves or others for any and all purposes of any trust,
and to pay all expenses incurred in connection with any borrowing, and to secure
payment (including payment to one or more of themselves) by bond or mortgage,
pledge or hypothecation, all upon such terms and conditions as they determine,
including, without limitation, in the case of a borrowing from themselves in
their individual capacities, at then prevailing rates of interest and with such
security as shall conform with then prevailing commercial practice;

                  (7)   To lend money upon such terms as they deem advisable or
appropriate in the overall best interests of the current beneficiary to the
income beneficiary of any trust or to others, at rates of interest and with such
security as conform with the then prevailing commercial practice, provided that
the Trustees shall not lend money to one or more of themselves in their
individual capacities, to any entity in which any one of them is an interested
party, or to the spouse or issue of any Trustee;

                  (8)   To exercise any of their powers under this Agreement
with any one or more of themselves or others acting with respect to any other
trust hereunder;

                  (9)   To employ and consult with investment and legal counsel,
brokers, depositories, accountants, custodians and such other agents as they
deem advisable (irrespective of whether any such person or entity shall be
affiliated with the Trustee, and even if the Trustee shall be a partner,
stockholder, officer, director, or corporate affiliate of or shall have any
interest in such entity), and to charge the compensation of all such agents, as
well as other expenses and charges, against the principal (or, if appropriate,
income) of any trust or trusts, and to apportion such compensation, expenses and
charges among such trusts without reducing the commissions otherwise payable to
them as Trustees; and, to the extent permitted by law, to delegate discretionary
powers to and rely on information or advice furnished by any such investment or
legal counsel, accountants or custodians;

                  (10)  To register any property in the name of their nominee,
including the nominee of any corporate fiduciary, or to hold the same
unregistered or in such other form that title passes by delivery;

                  (11)  To hold the principal and income of any trusts or shares
hereunder in a consolidated fund, invested IN SOLID, in which the separate and
distinct trusts and shares shall have undivided interests;

                  (12)  To divide property into shares and to distribute
property in kind, or partly in cash and partly in kind, and to effect such
division and distribution in whole or in part by allocating to each share or
distribution an undivided interest in any asset held, or by allocating certain
assets to certain shares or distributions, and other assets to other shares or
distributions, on a non-pro rata or disproportionate basis or otherwise,
irrespective of the amount of unrealized appreciation or depreciation for
capital gain or loss purposes of each asset thus sold, exchanged or allocated,
without adjustment in the amount of any share or distribution by reason of any
difference in the income tax bases of the assets thus allocated to such shares
or distributions, and to elect or not to elect to recognize gain on any such
distribution, and such divisions, allocations, distributions and elections shall
be binding and conclusive on all persons interested in the trusts hereunder;

                  (13)  To determine the time and circumstances, if any, for the
payment of any estimated income tax with respect to the income of any trust and,
in the discretion of the Trustees, to determine to elect or not to elect to
treat any portion of such estimated payment as a payment made by the
beneficiaries of such trust;

                  (14)  To pay any and all expenses, costs, fees or other proper
charges of any trust; and the right of any beneficiary to income or principal
shall be subject to the deductions that the Trustees may make against the same;

                  (15)  To make payments or distributions on account of the
dispositions hereunder, subject to adjustment and on the basis of estimates,
pending the final determination of the taxes due at or imposed by reason of a
beneficiary's death;

                                       7
<PAGE>

                  (16)  To compromise, contest, prosecute or abandon any claim
of whatever nature, whether asserted against the trust or trust assets or held
by the Trustees; and

                  (17)  Generally, to exercise for the benefit of any trust and
any property constituting a part thereof all rights, powers and privileges of
every nature that may be exercised by one owning such property absolutely and in
his or her own right and without being limited in any way by the rights, powers
and privileges specifically granted in this Agreement; and in connection with
the exercise of any such rights, powers and privileges, whether or not the same
be specifically mentioned herein, to enter into such contracts, to execute such
written instruments, and to include therein such covenants, terms and conditions
as they determine and to do any and all such other acts as they determine to
effectuate all rights, powers and privileges conferred upon them.

            B.    EXTRAORDINARY POWERS. Within the broad scope of investment
powers conferred upon the Trustees under Paragraph A of this Article, the
Trustees shall have the following investment powers, authority and discretion:

                  (1)   To engage in transactions involving so-called "short
sales" and to purchase securities on margin and to maintain margin accounts for
such purposes, which margin accounts may be with one or more individuals, firms,
associations, banks, stock brokerage firms or corporations, and to conduct such
transactions in such accounts and to pledge or hypothecate all or any portion of
the principal of the trusts as security for the payment of the debit balances in
such accounts, on such terms and conditions as the Trustees, in their
discretion, determine;

                  (2)   To hold, purchase, sell and trade, without limitation,
futures, options on futures, exchange listed and over-the-counter put and call
options on securities, equity indices, commodities and currencies and to enter
into such contracts whether or not the securities, commodities, equity indices,
currencies or other instruments underlying such contracts are owned by the trust
at the time of such purchase or sale or, in the case of options, at any time
during the option exercise period, for such duration and upon such other terms
as the Trustees, in their discretion, determine, and, in the case of options, to
exercise any such option at such time or times, or to refrain from exercising
any such option even if such action will result in the entire loss of the
premium paid for such option, as the Trustees, in their discretion, determine.
Any premium received by the Trustees with respect to any option granted by them
shall be income of the trust; and

                  (3)   To enter into contracts with one or more individuals,
stock brokerage firms, associations or corporations in such form as the
Trustees, in their discretion, determine, including, but not limited to,
contracts for the furnishing of investment advisory services and contracts for
opening discretionary accounts, granting to such individuals, firms,
associations or corporations the authority to purchase, sell and otherwise deal
in securities and commodities and to pay the regular commissions or other
compensation of such individuals, firms, associations or corporations for such
investment advisory services and brokerage services out of the income or
principal of the trusts as the Trustees, in their discretion, determine, all
without affecting the Trustees' primary responsibility for investments.

      C.    DISTRIBUTIONS OF PROPERTY. As to all distributions under this
Agreement:

            (1)   When property is payable to a person under the age of
twenty-one (21) years or under another legal disability, the Trustees are
authorized, in their discretion, to pay the same to such person (notwithstanding
his or her age or legal disability), or to the guardian of his or her person or
property, or his or her committee, conservator or other like fiduciary, wherever
appointed, or without the intervention of such fiduciary, to any adult with whom
such person resides, but for such person's sole benefit, or to a custodian
(selected by the Trustees) for such person under the Uniform Transfers to Minors
Act or other comparable law of any jurisdiction (until the maximum age permitted
under applicable law) (provided that no custodian shall make any payment out of
such property that satisfies any portion of such custodian's individual legal
obligation of support, and any custodian having such an obligation shall agree
to this provision before receiving any property).

                                       8
<PAGE>

            (2)   The written receipt of any person to whom property is paid
pursuant to any provision of this Agreement or the cancelled check or other
evidence of the application of any amount by the Trustees for the benefit of any
beneficiary shall be a full discharge to the Trustees for any amount so paid or
applied and from further accountability therefore and the Trustees shall not be
required to see to the use or application thereof by any beneficiary or
recipient.

            (3)   Anything herein to the contrary notwithstanding, the Trustees
in their sole discretion shall have the power to distribute any part or all of
any trust held hereunder to any charitable organization, as they shall select.

      D.    RESTRICTIONS OF FIDUCIARY POWERS. Notwithstanding any contrary
provision of this Agreement, no Trustee shall exercise any discretion:

            (1)   To pay income or principal of a trust of which such Trustee is
a beneficiary to himself or herself;

            (2)   To pay income or principal to any other beneficiary of a trust
of which such Trustee is a current or successor income beneficiary or a
presumptive remainder man; or

            (3)   To pay or loan income or principal of any trust in discharge
of any of such Trustee's individual legal obligations, including obligations of
support.

      E.    MISCELLANEOUS PROVISIONS CONCERNING TRUSTEES. The following
additional provisions shall apply to the Trustees:

            (1)   Each Trustee (whether or not originally appointed hereunder)
shall have the same rights, powers, duties and privileges, whether or not
discretionary, except as to any right, power, duty or privilege expressly
withheld from any such Trustee by law, by any provision of this Agreement or by
any instrument appointing such Trustee, and except as to any right, power, duty
or privilege expressly conferred upon a designated class of Trustees by any
provision of this Agreement, which right, power, duty or privilege shall not be
exercisable by a Trustee not within the class.

            (2)   No Trustee, whether named herein or otherwise designated or
appointed, shall be required to give any bond or security in any court or
jurisdiction.

            (3)   Whenever the Grantor confers any discretion upon the Trustees
without mandating that they act, the Trustees' determination as to the extent to
which such discretion is exercised shall be conclusive on all persons interested
in the trusts.

            (4)   The rights, powers and privileges conferred upon the Trustees
are in addition to and not by way of limitation of the rights, powers and
privileges conferred by law and may be exercised without the authorization of
any court.

            (5)   Any individual Trustee may delegate any or all of his or her
rights, powers, duties and privileges, whether or not discretionary, to the
other then acting Trustee or Trustees (except as to matters involving any right,
power, duty or privilege withheld from or not conferred upon such other Trustee
by law, by any provision of this Agreement or by any instrument appointing such
Trustee) by delivering an instrument, signed and acknowledged, to the
appropriate effect to such other Trustees, provided that any such instrument
shall be revocable at any time.

            (6)   Each individual Trustee shall be deemed not to have special
investment skills, whether or not such Trustee has such skills, unless the
instrument appointing such Trustee specifically provides to the contrary.

                                       9
<PAGE>

            (7)   If the Trustees disagree as to any matter when more than two
of them are authorized to act, a decision shall be made by the majority of the
Trustees who are not precluded by law or by this Agreement from acting.
Notwithstanding the foregoing, ministerial duties and decisions of the Trustees,
if more than one is serving (including, but not limited to, the signing of
checks, the execution of brokerage agreements relating to securities, and
similar transactions), may be executed by any one Trustee.

            (8)   A dissenting Trustee (or a Trustee who is prohibited by law or
by the provisions of this Agreement from participating in a particular action or
decision of the Trustees) shall not be liable or accountable for the actions or
decisions of the Trustees, even if the dissenting (or prohibited, as the case
may be) Trustee is required to perform ministerial acts in order to carry out a
decision of the other Trustees.

      F.    PERSONS DEALING WITH TRUSTEES. With respect to persons dealing with
the Trustees:

            (1)   Anyone may rely upon a copy of this Agreement and of any other
document required by this Agreement to be in writing, which is certified by any
Trustee to be a full and complete copy of this Agreement or of such document, to
the same effect as if such copy were the original. Anyone may rely upon any
statement of fact certified by any Trustee.

            (2)   No person or corporation dealing with the Trustees in any
transaction affecting any trust hereunder shall be required to inquire or
investigate into the Trustees' authority for entering into such transaction or
to see to the application made by the Trustees of the proceeds of any such
transaction.

      G.    EXONERATION OF TRUSTEES. So long as they have acted in good faith
and with reasonable care, diligence and prudence, the Trustees are hereby
exonerated from any individual responsibility or liability to any person
interested in the trusts hereunder for any loss or lack of benefit that may
occur to any property passing under this Agreement or otherwise, or result by
reason of the Trustees having exercised or not exercised the powers, discretion
and authority granted under this Agreement or conferred by law.

      H.    NOTICE OF EVENT AFFECTING PAYMENT OR DISTRIBUTION. Until the
Trustees receive written notice of any birth, marriage, death or other event
upon which the right to payment or distribution may depend, the Trustees shall
incur no liability to any person whose interest may have been affected by that
event for any payment or distribution in good faith made or not made.

      I.    INDEMNIFICATION. The Grantor hereby agrees to indemnify the Trustees
for, and to hold them harmless against, any loss, liability, tax or expense
incurred, arising out of or in connection with their entering into this
Agreement and carrying out the duties as Trustees hereunder. The indemnity
provided hereunder shall survive the termination of this Agreement and any trust
established hereunder.

              ARTICLE XI. APPOINTMENT AND RESIGNATION OF TRUSTEES

      A.    APPOINTMENT OF SUCCESSOR TRUSTEES.

            (1)   The Trustees at any time acting hereunder are authorized, in
their discretion:

                  (a)   to appoint one or more individuals or a bank or trust
company (incorporated under the laws of any jurisdiction) as additional or
successor Trustees to serve with or after any Trustee upon any contingency. This
shall be a continuing power in any such person at any time acting hereunder; and

                  (b)   to establish the order of succession and to revoke any
such appointment until, by its terms, it is effective, whether or not he, she or
they made any such appointment.

                                       10
<PAGE>

                  (2)   Any appointment or revocation pursuant to this Paragraph
A shall be made by a written instrument, duly signed and acknowledged, and filed
with the records of the trust to which such appointment or revocation relates.

      B.    REMOVAL OF TRUSTEES. From time to time and with or without cause,
the Grantor, acting by resolution of its board of directors, may remove any
Trustee of a specified trust and appoint a successor Trustee who is not then a
descendant of the parents of the Beneficiary.

      C.    QUALIFICATION OF SUCCESSOR TRUSTEES. Any successor Trustee shall
qualify to act when his, her or its appointment becomes effective by an
instrument ("Acceptance of Trust") duly signed and acknowledged, and filed with
the records of the trust. No successor Trustee shall be required to investigate
or audit the accounts or acts of the prior Trustees or to take any action with
respect thereto before qualifying or acting.

      D.    RESIGNATION OF TRUSTEES. Any Trustee may resign at any time without
court application or consent by delivering an instrument ("Resignation of
Trustee"), signed and acknowledged, to a co-Trustee, if any, and to any
successor, and by filing a copy of such instrument with the records of the
trust, provided that the resignation of any Trustee acting alone shall be
effective only upon the appointment and qualification of a successor Trustee.

      E.    DELIVERY OF DOCUMENTS. A copy of any Acceptance of Trust or
Resignation of Trustee shall be delivered to the current beneficiaries of the
trust and to the legal representative or parent of any such beneficiary who is
under a legal disability.

            (1)   Delivery of any document under this Agreement may be made
either by personal delivery or by depositing the same in the mails, postage
prepaid, either registered or certified mail, return receipt requested, to the
address that such person from time to time has specified in writing to the party
effecting the delivery or, if none, to the person's last known address.

            (2)   Any document required to be delivered to the Trustees shall be
deemed delivered if delivered to any Trustee. Failure to deliver a copy of any
instrument (which copy is intended to provide information and is not of
substantive import) shall not affect or negate the effectiveness of such
instrument, the original of which is appropriately delivered or disposed of, for
its intended purpose.

     ARTICLE XII. COMPENSATION OF TRUSTEES; ACCOUNTING; SERVICE OF PROCESS

      A.    COMPENSATION OF TRUSTEES. Each Trustee shall be entitled to
reimbursement from the trust for his or her reasonable out-of-pocket expenses
incurred in connection with his or her services in such capacity.

            (1)   The Trustees shall be compensated as follows:

                  (a)   Any individual Trustee shall not be entitled to
      compensation for his or her services in such capacity; and

                  (b)   Any corporate Trustee shall be entitled to compensation
      for its services as prescribed in its published rates, as from time to
      time in effect, unless different compensation has been provided for by
      written agreement between such corporate Trustee and the person appointing
      such Trustee or all trust beneficiaries who are not under a legal
      disability and the legal representative or parent of any such beneficiary
      under a legal disability.

      B.    ACCOUNTING. Each Trustee is excused from the duty of rendering
annual or other periodic accounts to any court, regardless of whether such duty
is required by the laws of any jurisdiction affecting the trust. No Trustee
shall be required to account in any court in the absence of a breach of trust.
Notwithstanding the foregoing, the Trustees may have their account judicially
settled at any time if they deem it advisable to do so. The

                                       11
<PAGE>

Trustees may also choose to effect a non-judicial settlement of their account by
agreement. The written approval of all beneficiaries not under a legal
disability (or of the legal representative of such of them as are under a legal
disability) as to any matter relating to or arising in the course of the
administration of any trust hereunder, whether such matter relates to an
accounting or any action taken or omitted or proposed to be taken or omitted by
the Trustees, shall be conclusive on all persons interested in the trusts
hereunder, including those who are as yet unborn at the time of such written
approval. For purposes of this Paragraph B, the term "Trustees" shall include
any former Trustee or his, her or its legal representative or the executor of
the estate of any deceased Trustee.

      C.    SERVICE OF PROCESS. In any proceeding in which all persons
interested in any trust are required to be served with process, where a person
having an interest in the trust is under a disability and a party to the
proceeding has the same interest as the person under a disability, it shall not
be necessary to serve the person under a disability, unless, notwithstanding
this provision, such service is required under local law.

                           ARTICLE XIII. DEATH TAXES

      A.    TAX APPORTIONMENT. If any Death Taxes are imposed on the estate of
any beneficiary of a trust hereunder by reason of property held in a trust
hereunder, the Trustees shall pay from such trust its proportionate share of
such Death Taxes, as determined under the law of the jurisdiction imposing such
Death Tax.

      B.    RELIANCE UPON BENEFICIARY'S EXECUTORS. The Trustees may rely on the
determination of a beneficiary's executors as to the actual amount of any
payment described in this Article and shall have no duty or responsibility to
make any further inquiry or to take part in the determination of such taxes, and
upon making such payments shall have no further liability or accountability to
any person interested in the trusts hereunder.

                   ARTICLE XIV. IRREVOCABILITY; GOVERNING LAW

      A.    TRUSTS IRREVOCABLE. This Agreement and the trusts hereunder shall be
irrevocable. No one shall have the right or power in any capacity, whether alone
or in conjunction with others, to alter, amend, revoke or terminate any trust or
any terms of this Agreement, in whole or in part. Notwithstanding the foregoing,
the Grantor shall have the power, by written instrument, which has been signed
and acknowledged, to create a separate trust for the benefit of an employee for
whom a trust has not previously been established hereunder. Upon written
acceptance of the then acting Trustees, a trust for such employee shall be held
pursuant to the terms of this Agreement.

      B.    GOVERNING LAW. This Agreement and the trusts hereunder shall be
construed, regulated and governed in all respects, not only as to administration
but also as to validity and effect, by the laws of the State of New York.

      C.    CHANGE OF SITUS.

            (1)   The Trustees, at any time and from time to time, in their
discretion:

                  (a) May remove all or part of the assets to and hold and
            administer the same in any other jurisdiction;

                  (b) May change the situs of administration of any trust from
            one jurisdiction to another jurisdiction; and

                  (c) May elect that the law of such other jurisdiction shall
            thereafter govern the trust to such extent as may be necessary and
            appropriate, whereupon the courts of such other jurisdiction shall
            have the power to effectuate the purposes of this Agreement to such
            extent.

                                       12
<PAGE>

STATE OF NEW YORK                   )
                                    :  ss.:
COUNTY OF NEW YORK                  )

      On this 29th day of November, 2000, before me personally appeared JOHN B
FITZGIBBONS, who being by me duly sworn, did depose and say: that he is the
President and Chief Executive Officer of KHANTY MANSIYSK OIL CORPORATION, the
corporation mentioned and described in and which executed the foregoing
instrument; that he knows the corporate seal of said corporation; that the seal
affixed to the foregoing instrument is such corporate seal and that it was so
affixed by order of the Board of Directors or other governing body of said
corporation; and that he signed his name thereto by like order.

                                           ------------------------------
                                                      Notary Public
                                                          (SEAL)

STATE OF NEW YORK                   )
                                    :  ss.:
COUNTY OF NEW YORK                  )

      On this 29th day of November, 2000, before me personally appeared JOHN B.
FITZGIBBONS, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument
and acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual, or the person upon behalf of
which the individual acted, executed the instrument.

                                           ------------------------------
                                                      Notary Public
                                                          (SEAL)

STATE OF NEW YORK                   )
                                    :  ss.:
COUNTY OF NEW YORK                  )

      On this 29th day of November, 2000, before me personally appeared ANDY W.
MORGAN, personally known to me or proved to me on the basis of satisfactory
evidence to be the individual whose name is subscribed to the within instrument
and acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual, or the person upon behalf of
which the individual acted, executed the instrument.

                                           ------------------------------
                                                      Notary Public
                                                          (SEAL)

                                       14
<PAGE>

                                   SCHEDULE A

                                       TO

                     THE 2000 KMOC EMPLOYEES TRUST AGREEMENT

<TABLE>
<CAPTION>
    --------------------------------------------------------------------------------------
             EMPLOYEE                        INITIAL CONTRIBUTION
    --------------------------------------------------------------------------------------
<S>                            <C>
    Baidak, Vera                Option to purchase 350 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

                                7 shares of common stock in Khanty Mansiysk Oil
                                Corporation subject to the terms of the
                                agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Gerasimchuk, Vladimir       Option to purchase 350 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

                                4 shares of common stock in Khanty Mansiysk Oil
                                Corporation subject to the terms of the
                                agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Khamidullina, Rima          20 shares of common stock in Khanty
                                Mansiysk Oil Corporation subject to the terms of
                                the agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Khanutin, Gleb              10 shares of common stock in Khanty
                                Mansiysk Oil Corporation subject to the terms of
                                the agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Kolesnikov, Eugeny          10 shares of common stock in Khanty
                                Mansiysk Oil Corporation subject to the terms of
                                the agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Kononchuk, Sergey           Option to purchase 425 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

    --------------------------------------------------------------------------------------
    Konovalov, Valery           Option to purchase 885 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

    --------------------------------------------------------------------------------------
    Kuzmin, Anatoly             Option to purchase 750 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

    --------------------------------------------------------------------------------------
    Lukomskiy, Anatoliy         10 shares of common stock in Khanty
                                Mansiysk Oil Corporation subject to the terms of
                                the agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Markov, Rinat               20 shares of common stock in Khanty
                                Mansiysk Oil Corporation subject to the terms of
                                the agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Pankov, Alexander           Option to purchase 1,991 shares of
                                common stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

    --------------------------------------------------------------------------------------
</TABLE>

                                       15
<PAGE>

<TABLE>
<S>                            <C>
    --------------------------------------------------------------------------------------
    Savchik, Elena              Option to purchase 250 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

                                6 shares of common stock in Khanty Mansiysk Oil
                                Corporation subject to the terms of the
                                agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Shevchenko, Elena           Option to purchase 1,528 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

                                20 shares of common stock in Khanty Mansiysk Oil
                                Corporation subject to the terms of the
                                agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Tnalin, Alibek              Option to purchase 250 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

                                62 shares of common stock in Khanty Mansiysk Oil
                                Corporation subject to the terms of the
                                agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Tomilov, Alexander          Option to purchase 350 shares of
                                common stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

    --------------------------------------------------------------------------------------
    Varaksin, Viktor            7 shares of common stock in Khanty
                                Mansiysk Oil Corporation subject to the terms of
                                the agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
    Yakovlev, Sergey            Option to purchase 95 shares of common
                                stock in Khanty Mansiysk Oil Corporation,
                                subject to the terms of the applicable option
                                agreement pursuant to which each such option was
                                granted.

                                5 shares of common stock in Khanty Mansiysk Oil
                                Corporation subject to the terms of the
                                agreement pursuant to which such shares were
                                transferred to or acquired by the Trust.

    --------------------------------------------------------------------------------------
</TABLE>

                                       16

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