Document:

Exhibit
10.5

    

    The
Bank of South Carolina

    

    Employee
Stock Ownership Plan

    

    Approved
by the Board of Directors

    November
2, 1989

    Effective

    January
1, 1989

    Revision
Approved by Board of Directors

    January
18, 2007

    Revision
Effective

    January
1, 2007

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Table
of Contents

    

    
      
        
          	
                  Article
      1

                	 
      	
                  -
      1 -

                
	
                  Definitions

                	 
      	
                  -
      1 -

                
	
                  1.1

                	
                  Administrator

                	 
      	
                  - 1
      -

                
	
                  1.2

                	
                  Adopting
      Employer

                	 
      	
                  - 1
      -

                
	
                  1.3

                	
                  Affiliated
      Employer

                	 
      	
                  - 1
      -

                
	
                  1.4

                	
                  Age

                	 
      	
                  - 1
      -

                
	
                  1.5

                	
                  Allocation
      Period

                	 
      	
                  - 1
      -

                
	
                  1.6

                	
                  Anniversary
      Date

                	 
      	
                  - 1
      -

                
	
                  1.7

                	
                  Annuity
      Starting Date

                	 
      	
                  - 1
      -

                
	
                  1.8

                	
                  Beneficiary

                	 
      	
                  - 1
      -

                
	
                  1.9

                	
                  Benefiting
      Participant

                	 
      	
                  - 2
      -

                
	
                  1.10

                	
                  Break
      in Service

                	 
      	
                  - 2
      -

                
	
                  1.11

                	
                  Code

                	 
      	
                  - 2
      -

                
	
                  1.12

                	
                  Code
      §3401 Compensation

                	 
      	
                  - 2
      -

                
	
                  1.13

                	
                  Code
      §415 Safe Harbor Compensation

                	 
      	
                  - 2
      -

                
	
                  1.14

                	
                  Code
      §415 Statutory Compensation

                	 
      	
                  - 3
      -

                
	
                  1.15

                	
                  Compensation

                	 
      	
                  - 4
      -

                
	
                  1.16

                	
                  Current
      Obligations

                	 
      	
                  - 5
      -

                
	
                  1.17

                	
                  Deemed
      Code §125 Compensation

                	 
      	
                  - 5
      -

                
	
                  1.18

                	
                  Deemed
      IRA Contribution

                	 
      	
                  - 5
      -

                
	
                  1.19

                	
                  Deemed
      IRA Account

                	 
      	
                  - 5
      -

                
	
                  1.20

                	
                  Disability

                	 
      	
                  - 5
      -

                
	
                  1.21

                	
                  Early
      Retirement Age

                	 
      	
                  - 5
      -

                
	
                  1.22

                	
                  Eligible
      Employee

                	 
      	
                  - 6
      -

                
	
                  1.23

                	
                  Employee

                	 
      	
                  - 6
      -

                
	
                  1.24

                	
                  Employer

                	 
      	
                  - 6
      -

                
	
                  1.25

                	
                  Exempt
      Loan

                	 
      	
                  - 6
      -

                
	
                  1.26

                	
                  Fiscal
      Year

                	 
      	
                  - 6
      -

                
	
                  1.27

                	
                  Forfeiture

                	 
      	
                  - 6
      -

                
	
                  1.28

                	
                  Form
      W-2 Compensation

                	 
      	
                  - 6
      -

                
	
                  1.29

                	
                  HCE

                	 
      	
                  - 7
      -

                
	
                  1.30

                	
                  Highly
      Compensated Employee

                	 
      	
                  - 7
      -

                
	
                  1.31

                	
                  Hour
      of Service

                	 
      	
                  - 7
      -

                
	
                  1.32

                	
                  Key
      Employee

                	 
      	
                  - 8
      -

                
	
                  1.33

                	
                  Leased
      Employee

                	 
      	
                  - 8
      -

                
	
                  1.34

                	
                  Limitation
      Year

                	 
      	
                  - 8
      -

                
	
                  1.35

                	
                  Maternity
      or Paternity Leave

                	 
      	
                  - 8
      -

                
	
                  1.36

                	
                  Named
      Fiduciary

                	 
      	
                  - 8
      -

                
	
                  1.37

                	
                  NHCE

                	 
      	
                  - 8
      -

                
	
                  1.38

                	
                  Non-Highly
      Compensated Employee

                	 
      	
                  - 8
      -

                
	
                  1.39

                	
                  Non-Key
      Employee

                	 
      	
                  - 8
      -

                
	
                  1.40

                	
                  Normal
      Retirement Age

                	 
      	
                  - 8
      -

                
	
                  1.41

                	
                  Normal
      Retirement Date

                	 
      	
                  - 9
      -

                
	
                  1.42

                	
                  Other
      Investments Account

                	 
      	
                  - 9
      -

                
	
                  1.43

                	
                  Otherwise
      Excludible Participant

                	 
      	
                  - 9
      -

                
	
                  1.44

                	
                  Participant

                	 
      	
                  - 9
      -

                
	
                  1.45

                	
                  Participant's
      Account

                	 
      	
                  - 9
      -

                
	
                  1.46

                	
                  Period
      of Service

                	 
      	
                  - 9
      -

                
	
                  1.47

                	
                  Period
      of Severance

                	 
      	
                  - 9
      -

                
	
                  1.48

                	
                  Permissive
      Aggregation Group

                	 
      	
                  - 9
      -

                
	
                  1.49

                	
                  Plan

                	 
      	
                  - 9
      -

                
	
                  1.50

                	
                  Plan
      Year

                	 
      	
                  - 9
      -

                
	
                  1.51

                	
                  Policy

                	 
      	
                  - 9
      -

                
	
                  1.52

                	
                  Qualified
      Domestic Relations Orders

                	 
      	
                  - 9
      -

                
	
                  1.53

                	
                  Required
      Aggregation Group

                	 
      	
                  - 9
      -

                
	
                  1.54

                	
                  Required
      Beginning Date

                	 
      	
                  - 10
      -

                
	
                  1.55

                	
                  Regulation

                	 
      	
                  -
      10 -

                
	
                  1.56

                	
                  Rollover
      Account

                	 
      	
                  -
      10 -

                
	
                  1.57

                	
                  Rollover
      Contribution (or Rollover)

                	 
      	
                  -
      10 -

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  1.58

                	
                  Sponsoring
      Employer

                	 
      	
                  -
      10 -

                
	
                  1.59

                	
                  Spouse

                	 
      	
                  -
      10 -

                
	
                  1.60

                	
                  Terminated
      Participant

                	 
      	
                  -
      10 -

                
	
                  1.61

                	
                  Top
      Heavy

                	 
      	
                  -
      10 -

                
	
                  1.62

                	
                  Top
      Heavy Minimum Allocation

                	 
      	
                  -
      10 -

                
	
                  1.63

                	
                  Top
      Heavy Ratio

                	 
      	
                  -
      10 -

                
	
                  1.64

                	
                  Transfer
      Contribution

                	 
      	
                  -
      11 -

                
	
                  1.65

                	
                  Trustee

                	 
      	
                  -
      11 -

                
	
                  1.66

                	
                  Trust
      (or Trust Fund)

                	 
      	
                  -
      11 -

                
	
                  1.67

                	
                  Unallocated
      Company Stock Account

                	 
      	
                  -
      11 -

                
	
                  1.69

                	
                  Valuation
      Date

                	 
      	
                  -
      12 -

                
	
                  1.70

                	
                  Vested
      Aggregate Account

                	 
      	
                  -
      12 -

                
	
                  1.71

                	
                  Vested,
      Vested Interest or Vesting

                	 
      	
                  -
      12 -

                
	
                  1.72

                	
                  Voluntary
      Employee Contribution

                	 
      	
                  -
      12 -

                
	
                  1.73

                	
                  Voluntary
      Employee Contribution Account

                	 
      	
                  -
      12 -

                
	
                  1.74

                	
                  Year
      of Service

                	 
      	
                  -
      12 -

                
	 
      	 
      	 
      
	
                  Article
      2

                	 
      	
                  -
      16 -

                
	
                  Plan
      Participation

                	 
      	
                  -
      16 -

                
	
                  2.1

                	
                  Eligibility
      Requirements

                	 
      	
                  -
      16 -

                
	
                  2.2

                	
                  Entry
      Date

                	 
      	
                  -
      16 -

                
	
                  2.3

                	
                  Waiver
      of Participation

                	 
      	
                  -
      16 -

                
	
                  2.4

                	
                  Reemployment

                	 
      	
                  -
      17 -

                
	
                  2.5

                	
                  Exclusion
      of an Eligible Employee

                	 
      	
                  -
      17 -

                
	
                  2.6

                	
                  Inclusion
      of an Ineligible Employee

                	 
      	
                  -
      17 -

                
	 
      	 
      	 
      	 
      
	
                  Article
      3

                	 
      	
                  -
      18 -

                
	
                  Contributions
      and Allocations

                	 
      	
                  -
      18 -

                
	
                  3.1

                	
                  Employer
      Contributions

                	 
      	
                  -
      18 -

                
	
                  3.2

                	
                  Allocation
      of Employer Contributions

                	 
      	
                  -
      19 -

                
	
                  3.3

                	
                  Company
      Stock Account

                	 
      	
                  -
      19 -

                
	
                  3.4

                	
                  Allocation
      of Earnings and Losses

                	 
      	
                  -
      22 -

                
	
                  3.5

                	
                  Allocation
      of Forfeitures

                	 
      	
                  -
      23 -

                
	
                  3.6

                	
                  Top
      Heavy Minimum Allocation

                	 
      	
                  -
      23 -

                
	
                  3.7

                	
                  Failsafe
      Allocation

                	 
      	
                  -
      24 -

                
	
                  3.8

                	
                  Rollover
      Contributions

                	 
      	
                  -
      24 -

                
	
                  3.9

                	
                  Voluntary
      Employee Contributions

                	 
      	
                  -
      24 -

                
	
                  3.10

                	
                  Deemed
      IRA Contributions

                	 
      	
                  -
      24 -

                
	 
      	 
      	 
      
	
                  Article
      4

                	 
      	
                  -
      25 -

                
	
                  Plan
      Benefits

                	 
      	
                  -
      25 -

                
	
                  4.1

                	
                  Benefit
      Upon Normal (or Early) Retirement

                	 
      	
                  -
      25 -

                
	
                  4.2

                	
                  Benefit
      Upon Late Retirement

                	 
      	
                  -
      25 -

                
	
                  4.3

                	
                  Benefit
      Upon Death

                	 
      	
                  -
      25 -

                
	
                  4.4

                	
                  Benefit
      Upon Disability

                	 
      	
                  -
      25 -

                
	
                  4.5

                	
                  Benefit
      Upon Termination of Employment

                	 
      	
                  -
      25 -

                
	
                  4.6

                	
                  Determination
      of Vested Interest

                	 
      	
                  -
      25 -

                
	 
      	 
      	 
      
	
                  Article
      5

                	 
      	
                  -
      27 -

                
	
                  Distribution
      of Benefits

                	 
      	
                  -
      27 -

                
	
                  5.1

                	
                  Distribution
      of Benefit Upon Retirement

                	 
      	
                  -
      27 -

                
	
                  5.2

                	
                  Distribution
      of Benefit Upon Death

                	 
      	
                  -
      27 -

                
	
                  5.3

                	
                  Distribution
      of Benefit Upon Disability

                	 
      	
                  -
      28 -

                
	
                  5.4

                	
                  Distribution
      of Benefit Upon Termination of Employment

                	 
      	
                  -
      28 -

                
	
                  5.5

                	
                  Mandatory
      Cash-Out of Benefits

                	 
      	
                  -
      28 -

                
	
                  5.6

                	
                  Restrictions
      on Immediate Distributions

                	 
      	
                  -
      29 -

                
	
                  5.7

                	
                  Accounts
      of Rehired Participants

                	 
      	
                  -
      29 -

                
	
                  5.8

                	
                  Spousal
      Consent Requirements

                	 
      	
                  -
      30 -

                
	
                  5.9

                	
                  Application
      of Code §401(a)(9)

                	 
      	
                  -
      30 -

                
	
                  5.10

                	
                  Statutory
      Commencement of Benefits

                	 
      	
                  -
      33 -

                
	
                  5.11

                	
                  Earnings
      Before Benefit Distribution

                	 
      	
                  -
      33 -

                
	
                  5.12

                	
                  Distribution
      in the Event of Legal Incapacity

                	 
      	
                  -
      34 -

                
	
                  5.13

                	
                  Missing
      Payees and Unclaimed Benefits

                	 
      	
                  -
      34 -

                
	
                  5.14

                	
                  Direct
      Rollovers

                	 
      	
                  -
      34 -

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  5.15

                	
                  Form
      of Distribution

                	 
      	
                  -
      35 -

                
	
                  5.16

                	
                  Cash
      Dividends on Company Stock

                	 
      	
                  -
      35 -

                
	
                  5.17

                	
                  Right
      of First Refusal

                	 
      	
                  -
      36 -

                
	
                  5.18

                	
                  Put
      Option

                	 
      	
                  -
      36 -

                
	
                  5.19

                	
                  Non-Terminable
      Rights and Protections

                	 
      	
                  -
      38 -

                
	
                  5.20

                	
                  Mandatory
      Put Options for S and Certain Other Corporations

                	 
      	
                  -
      38 -

                
	
                  5.21

                	
                  Required
      Cash Distribution for Certain Banks

                	 
      	
                  -
      38 -

                
	
                  5.22

                	
                  Financial
      Hardship Distributions

                	 
      	
                  -
      38 -

                
	
                  5.23

                	
                  In-Service
      Distributions

                	 
      	
                  -
      38 -

                
	
                  5.24

                	
                  Distribution
      of Rollover Contributions

                	 
      	
                  -
      38 -

                
	
                  5.25

                	
                  Distribution
      of Transfer Contributions

                	 
      	
                  -
      38 -

                
	
                  5.26

                	
                  Distribution
      of Voluntary Employee Contributions

                	 
      	
                  -
      38 -

                
	 
      	 
      	 
      
	
                  Article
      6

                	 
      	
                  -
      39 -

                
	
                  Code
      § 415 Limitations

                	 
      	
                  -
      39 -

                
	
                  6.1

                	
                  Maximum
      Annual Additions

                	 
      	
                  -
      39 -

                
	
                  6.2

                	
                  Adjustments
      to Maximum Annual Addition

                	 
      	
                  -
      39 -

                
	
                  6.3

                	
                  Multiple
      Plans and Multiple Employers

                	 
      	
                  -
      40 -

                
	
                  6.4

                	
                  Adjustment
      for Excessive Annual Additions

                	 
      	
                  -
      40 -

                
	 
      	 
      	 
      	 
      
	
                  Article
      7

                	 
      	
                  -
      41 -

                
	
                  Loans,
      Insurance and Directed Investments

                	 
      	
                  -
      41 -

                
	
                  7.1

                	
                  Loans
      to Participants

                	 
      	
                  -
      41 -

                
	
                  7.2

                	
                  Insurance
      on Participants

                	 
      	
                  -
      41 -

                
	
                  7.3

                	
                  Key
      Man Insurance

                	 
      	
                  -
      41 -

                
	
                  7.4

                	
                  Directed
      Investment Accounts

                	 
      	
                  -
      41 -

                
	 
      	 
      	 
      	 
      
	
                  Article
      8

                	 
      	
                  -
      42 -

                
	
                  Duties
      of the Administrator

                	 
      	
                  -
      42 -

                
	
                  8.1

                	
                  Appointment,
      Resignation, Removal and Succession

                	 
      	
                  -
      42 -

                
	
                  8.2

                	
                  General
      Powers and Duties

                	 
      	
                  -
      42 -

                
	
                  8.3

                	
                  Appointment
      of Administrative Committee

                	 
      	
                  -
      42 -

                
	
                  8.4

                	
                  Multiple
      Administrators

                	 
      	
                  -
      42 -

                
	
                  8.5

                	
                  Correcting
      Administrative Errors

                	 
      	
                  -
      42 -

                
	
                  8.6

                	
                  Promulgating
      Notices and Procedures

                	 
      	
                  -
      43 -

                
	
                  8.7

                	
                  Employment
      of Agents and Counsel

                	 
      	
                  -
      43 -

                
	
                  8.8

                	
                  Compensation
      and Expenses

                	 
      	
                  -
      43 -

                
	
                  8.9

                	
                  Claims
      Procedures

                	 
      	
                  -
      43 -

                
	
                  8.10

                	
                  Qualified
      Domestic Relations Orders

                	 
      	
                  -
      43 -

                
	
                  8.11

                	
                  Appointment
      of Investment Manager

                	 
      	
                  -
      43 -

                
	 
      	 
      	 
      	 
      
	
                  Article
      9

                	 
      	
                  -
      44 -

                
	
                  Trustee
      Provisions

                	 
      	
                  -
      44 -

                
	
                  9.1

                	
                  Appointment,
      Resignation, Removal and Succession

                	 
      	
                  -
      44 -

                
	
                  9.2

                	
                  Investment
      Alternatives of the Trustee

                	 
      	
                  -
      44 -

                
	
                  9.3

                	
                  Valuation
      of the Trust

                	 
      	
                  -
      46 -

                
	
                  9.4

                	
                  Compensation
      and Expenses

                	 
      	
                  -
      46 -

                
	
                  9.5

                	
                  Payments
      From the Trust Fund

                	 
      	
                  -
      46 -

                
	
                  9.6

                	
                  Payment
      of Taxes

                	 
      	
                  -
      46 -

                
	
                  9.7

                	
                  Accounts,
      Records and Reports

                	 
      	
                  -
      46 -

                
	
                  9.8

                	
                  Employment
      of Agents and Counsel

                	 
      	
                  -
      46 -

                
	
                  9.9

                	
                  Division
      of Duties and Indemnification

                	 
      	
                  -
      47 -

                
	
                  9.10

                	
                  Investment
      Manager

                	 
      	
                  -
      47 -

                
	
                  9.11

                	
                  Exclusive
      Benefit Rule

                	 
      	
                  -
      47 -

                
	
                  9.12

                	
                  Voting
      Company Stock

                	 
      	
                  -
      48 -

                
	
                  9.13

                	
                  Application
      of Cash

                	 
      	
                  -
      48 -

                
	
                  9.14

                	
                  Restrictions
      on Company Stock Transactions

                	 
      	
                  -
      48 -

                
	
                  9.15

                	
                  Exempt
      Loans

                	 
      	
                  -
      48 -

                
	
                  9.16

                	
                  Diversification
      Rights of Qualified Participants

                	 
      	
                  -
      49 -

                
	
                  9.17

                	
                  Superseding
      Trust or Custodial Agreement

                	 
      	
                  -
      50 -

                
	 
      	 
      	 
      	 
      
	
                  Article
      10

                	 
      	
                  -
      51 -

                
	
                  Adopting
      Employer Provisions

                	 
      	
                  -
      51 -

                
	
                  10.1

                	
                  Plan
      Contributions

                	 
      	
                  -
      51 -

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  10.2

                	
                  Plan
      Amendments

                	 
      	
                  -
      51 -

                
	
                  10.3

                	
                  Plan
      Expenses

                	 
      	
                  -
      51 -

                
	
                  10.4

                	
                  Employee
      Transfers

                	 
      	
                  -
      51 -

                
	
                  10.5

                	
                  Multiple
      Employer Provisions Under Code §413(c)

                	 
      	
                  -
      51 -

                
	
                  10.6

                	
                  Termination
      of Adoption

                	 
      	
                  -
      52 -

                
	
                  10.7

                	
                  Payment
      of Benefits Upon Termination of Participation

                	 
      	
                  -
      52 -

                
	 
      	 
      	 
      	 
      
	
                  Article
      11

                	 
      	
                  -
      53 -

                
	
                  Amendment,
      Termination and Merger

                	 
      	
                  -
      53 -

                
	
                  11.1

                	
                  Plan
      Amendment

                	 
      	
                  -
      53 -

                
	
                  11.2

                	
                  Termination
      By Sponsoring Employer

                	 
      	
                  -
      53 -

                
	
                  11.3

                	
                  Merger
      or Consolidation

                	 
      	
                  -
      54 -

                
	 
      	 
      	 
      	 
      
	
                  Article
      12

                	 
      	
                  -
      55 -

                
	
                  Miscellaneous
      Provisions

                	 
      	
                  -
      55 -

                
	
                  12.1

                	
                  No
      Contract of Employment

                	 
      	
                  -
      55 -

                
	
                  12.2

                	
                  Title
      to Assets

                	 
      	
                  -
      55 -

                
	
                  12.3

                	
                  Qualified
      Military Service

                	 
      	
                  -
      55 -

                
	
                  12.4

                	
                  Fiduciaries
      and Bonding

                	 
      	
                  -
      55 -

                
	
                  12.5

                	
                  Severability
      of Provisions

                	 
      	
                  -
      55 -

                
	
                  12.6

                	
                  Gender
      and Number

                	 
      	
                  -
      55 -

                
	
                  12.7

                	
                  Headings
      and Subheadings

                	 
      	
                  -
      55 -

                
	
                  12.8

                	
                  Legal
      Action

                	 
      	
                  -
      55 -

                
	
                  12.9

                	
                  Qualified
      Plan Status

                	 
      	
                  -
      55 -

                
	
                  12.10

                	
                  Mailing
      of Notices to Administrator, Employer or Trustee

                	 
      	
                  -
      55 -

                
	
                  12.11

                	
                  Participant
      Notices and Waivers of Notices

                	 
      	
                  -
      55 -

                
	
                  12.12

                	
                  No
      Duplication of Benefits

                	 
      	
                  -
      56 -

                
	
                  12.13

                	
                  Evidence
      Furnished Conclusive

                	 
      	
                  -
      56 -

                
	
                  12.14

                	
                  Release
      of Claims

                	 
      	
                  -
      56 -

                
	
                  12.15

                	
                  Multiple
      Copies of Plan And/or Trust

                	 
      	
                  -
      56 -

                
	
                  12.16

                	
                  Limitation
      of Liability and Indemnification

                	 
      	
                  -
      56 -

                
	
                  12.17

                	
                  Written
      Elections and Forms

                	 
      	
                  -
      56 -

                
	
                  12.18

                	
                  Assignment
      and Alienation of Benefits

                	 
      	
                  -
      56 -

                
	
                  12.19

                	
                  Exclusive
      Benefit Rule

                	 
      	
                  -
      56 -

                
	
                  12.20

                	
                  Dual
      and Multiple Trusts

                	 
      	
                  -
      56 -

                

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
Bank of South Carolina

    Employee
Stock Ownership Plan

    

    This
Agreement is made and entered into as of the 18th day of
January, 2007, between The
Bank of South Carolina (hereafter the "Sponsoring Employer") and Hugh
C. Lane, Jr., T. Dean Harton and Sheryl G. Sharry (hereafter
collectively  the "Trustee").

    

    Introduction

    

    The
Sponsoring Employer previously established an employee stock ownership plan
(hereafter the "Plan") designed to invest primarily in employer securities as
provided in Code §4975(e)(7), effective January 1, 1989, which the Sponsoring
Employer wishes to amend. Therefore, effective January 1, 2007 (except for those
specific provisions that have an earlier effective date), the Sponsoring
Employer hereby amends and restates the Plan to comply with the requirements of
the Employee Retirement Income Security Act of 1974 and the Internal Revenue
Code of 1986, as amended by subsequent legislation, including The Economic
Growth and Tax Relief Act of 2001 and the Job Creation and Workers Assistance
Act of 2002, and to comply with all applicable rulings and Regulations
thereunder.

    

    Article
1

    Definitions

    

    
      	
              1.1

            	
              Administrator. The term
      "Administrator" means the Sponsoring Employer unless the Sponsoring
      Employer appoints another Administrator. The term Administrator also means
      a Qualified Termination Administrator ("QTA") charged with the task of
      holding the assets of an orphan plan as permitted by the Department of
      Labor. A QTA is an eligible custodian such as a bank, mutual fund, or
      insurance company. Third party record-keepers cannot be QTAs. However, if
      this Plan is a one participant-owner only plan, the Spouse of a deceased
      owner can continue operating the Plan pursuant to Revenue Procedure
      2006-27.

            

    

    

    
      	
              1.2

            	
              Adopting
      Employer.
      The term "Adopting Employer" means any entity which adopts this
      Plan with the consent of the Sponsoring Employer. In addition to all the
      other terms and conditions set forth in the Plan, an Adopting Employers
      will also be subject to the terms and conditions set forth in Article
      11.

            

    

    

    
      
        	
                1.3

              	
                Affiliated
      Employer.
      The term "Affiliated Employer" means any of the following: (1) a
      controlled group of corporations as defined in Code §414(b); (2) a trade
      or business (whether or not incorporated) under common control as
      described in Code §414(c); (3) any organization (whether or not
      incorporated) which is a member of an affiliated service group as
      described in Code §414(m); and (4) any other entity required to be
      aggregated as described in Code §414(o). An Affiliated Employer is not
      considered an Adopting Employer unless such Affiliated Employer has
      specifically adopted the Plan; and any Periods of Service or Years of
      Service with an Affiliated Employer will only be taken into account as
      otherwise provided under the
Plan.

              

      

    

    

    
      	
              1.4

            	
              Age. The term "Age" means a
      Participant's actual attained unless other specified under the terms of
      the Plan.

            

    

    

    
      	
              1.5

            	
              Allocation
      Period. The
      term "Allocation Period" means a period of 12 consecutive months or less
      for which (a) an Employer contribution is made and allocated under the
      terms of the Plan; (b) Forfeitures are allocated under the terms of the
      Plan; or (c) earnings and losses are allocated under the terms of the
      Plan.

            

    

    

    
      	
              1.6

            	
              Anniversary
      Date. The
      term "Anniversary Date" means December 31st of each Plan
    Year.

            

    

    

    
      	
              1.7

            	
              Annuity
      Starting Date.
      The term "Annuity Starting Date" means the first day of the first
      period for which a benefit is paid as an annuity, or in the case of a
      benefit not payable as an annuity, the first day all events have occurred
      which entitle the Participant to the benefit. The first day of the first
      period for which a benefit is payable because of Disability will be
      treated as the Annuity Starting Date only if it is not an auxiliary
      benefit.

            

    

    

    
      	
              1.8

            	
              Beneficiary. The term "Beneficiary"
      means the recipient designated by a Participant to receive the benefit
      payable upon the Participant's death, or the recipient designated by a
      Beneficiary to receive any benefit payable in the event of the
      Beneficiary's death prior to receiving the entire death benefit to which
      the Beneficiary is entitled. All Beneficiary designations will be made
      subject to the following
provisions:

            

    

    
      
         

      

      
        -
1 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (a)

            	
              Beneficiary
      Designations By a Participant. Subject to the provisions of Section
      5.8 regarding the rights of a Participant's Spouse, each Participant may
      designate a Beneficiary in writing with the Administrator. If a
      Participant designates his or her Spouse and the Participant and his or
      her Spouse are legally divorced subsequent to the date of the designation,
      then the designation of such Spouse as a Beneficiary hereunder will be
      deemed null and void unless the Participant, subsequent to the legal
      divorce, reaffirms the designation in writing. In the absence of any other
      designation, the Participant will be deemed to have designated the
      following Beneficiaries in the following order, provided however, that
      with respect to clauses (1) and (2) following, such Beneficiaries are then
      living: (1) the Participant's Spouse, (2) the Participant's issue per
      stirpes; and (3) the Participant's
estate.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Beneficiary
      Designations By a Beneficiary. In the absence of a Beneficiary
      designation or other directive from a Participant to the contrary, any
      Beneficiary may name his or her own Beneficiary in accordance with Section
      5.2(d) to receive any benefits payable in the event of the Beneficiary's
      death prior to the receipt of all the Participant's death benefits to
      which the Beneficiary was entitled.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Beneficiaries
      Considered Contingent Until the Death of the Participant.
      Notwithstanding any provision in this Section to the contrary, any
      Beneficiary named hereunder will be considered a contingent Beneficiary
      until the death of the Participant (or Beneficiary, as the case may be),
      and until such time will have no rights granted to Beneficiaries under the
      Plan.

            

    

    

    
      	
              1.9

            	
              Benefiting
      Participant.
      The term "Benefiting Participant" means a Participant who is
      eligible to receive an allocation of Employer contributions or Forfeitures
      as of the last day of an Allocation Period. The requirements to be a
      Benefiting Participant are set forth in Section
  3.2(d).

            

    

    

    
      	
              1.10

            	
              Break
      in Service.
      The term "Break in Service" means a 12-month eligibility or Vesting
      computation period as set forth in Section 1.74 in which an Employee does
      not complete more than 500 Hours of Service. If any computation period is
      less than 12 months, the Hours of Service requirement set forth in the
      preceding sentence will be proportionately reduced if it is greater than
      one.

            

    

    

    
      	
              1.11

            	
              Code. The term "Code" means
      the Internal Revenue Code of 1986, as amended, and the Regulations and
      rulings promulgated thereunder by the Internal Revenue Service. All
      citations to sections of the Code and Regulations are to such sections as
      they may from time to time be amended or
  renumbered.

            

    

    

    
      	
              1.12

            	
              Code
      §3401 Compensation. The term "Code §3401
      Compensation" means wages within the meaning of Code §3401(a) that are
      actually paid or made available in gross income for the purposes of income
      tax withholding at the source but determined without regard to any rules
      under Code §3401 that limit the remuneration included in wages based on
      the nature or location of the employment or the services performed (such
      as the exception for agricultural labor in Code
    §3401(a)(2)).

            

    

    

    
      	
              1.13

            	
              Code
      §415 Safe Harbor Compensation. The term "Code §415
      Safe Harbor Compensation" means Earned Income, wages, salaries, fees for
      professional services and other amounts received (without regard to
      whether or not an amount is paid in cash) for personal services actually
      rendered in the course of employment with the Employer maintaining the
      Plan, including, but not limited to, commissions paid salespersons,
      compensation for services based on a percentage of profits, commissions on
      insurance premiums, tips, bonuses, fringe benefits, and reimbursements, or
      other expense allowances under a non-accountable plan as described in
      Regulation §1.62-2(c). For Limitation Years beginning after December 31,
      1991, Code §415 Safe Harbor Compensation will include amounts paid or made
      available. Notwithstanding the preceding sentence, Code §415 Safe Harbor
      Compensation for a Participant in a defined contribution plan who is
      permanently and totally disabled (as defined in Code §22(e)(3)) is the
      Code §415 Safe Harbor Compensation such Participant would have received
      for the Limitation Year if the Participant had been paid at the rate of
      Code §415 Safe Harbor Compensation paid immediately before becoming
      permanently and totally disabled; for Limitation Years beginning before
      January 1, 1997, such imputed Code §415 Safe Harbor Compensation for the
      disabled Participant may be counted only if the Participant is not a
      Highly Compensated Employee and contributions made on behalf of such
      Participant are nonforfeitable when made. A Participant's Code §415 Safe
      Harbor Compensation will be determined subject to the following
      provisions:

            

    

    
      
         

      

      
        -
2 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (a)

            	
              Excluded
      Amounts. Code §415 Safe Harbor Compensation does not include (1)
      Employer contributions to a plan of deferred compensation not includible
      in gross income for the taxable year in which contributed, or Employer
      contributions to a simplified employee pension plan to the extent they are
      deductible by the Employee, or any distributions from a plan of deferred
      compensation; (2) amounts realized from a non-qualified stock option, or
      when restricted stock or property held by the Employee either becomes
      freely transferable or is no longer subject to a substantial risk of
      forfeiture; (3) amounts realized from the sale, exchange or other
      disposition of stock acquired under a qualified stock option; and (4)
      other amounts which receive special tax benefits, or contributions made by
      an Employer (whether or not under a salary deferral agreement) towards the
      purchase of an annuity described in Code §403(b) (whether or not the
      amounts are excludible from gross
income).

            

    

    

    
      	
               
      

            	
              (b)

            	
              Treatment
      of Elective Deferrals and Code §132(f)(4) Amounts. For Limitation
      Years beginning on or after January 1, 1998, Code §415 Safe Harbor
      Compensation will include any elective deferrals as defined in Code
      §402(g)(3) and amounts contributed or deferred at the election of the
      Employee which were not includible in gross income under Code §125
      (including Deemed Code §125 Compensation) or Code §457. Code §415 Safe
      Harbor Compensation will also include elective amounts that are not
      includible in gross income under Code §132(f)(4) for Limitation Years
      beginning on or after January 1, 2001 (or if elected by the Administrator
      on a non-discriminatory basis, any earlier Limitation Year beginning on or
      after January 1, 1998).

            

    

    

    
      	
               
      

            	
              (c)

            	
              Treatment
      of Severance Pay. Effective January 1, 2005, Compensation does not
      include amounts paid after termination of employment unless the payment is
      made within 21⁄2 months after termination and the Compensation falls into
      either of two categories: (1) payments the Employee would have received
      had he or she continued employment with the Employer which are regular
      compensation, bonuses, commissions, overtime, etc.; or (2) payments for
      unused sick leave, vacation time, etc. which the Employee could have used
      if employment with the Employer continued. However, any other
      post-severance payments are not Compensation, even if the Employee
      receives them within 21⁄2 months after termination of employment. Severance
      pay, nonqualified deferred compensation and parachute payments received
      after termination of employment are never considered Compensation for Plan
      purposes. However, if an Employer continues to pay an Employee after the
      Employee enters active United States military duty, that pay is considered
      Compensation, provided it doesn't exceed the pay the Employee would have
      received if he or she had remained with the
  Employer.

            

    

    

    
      	
              1.14

            	
              Code
      §415 Statutory Compensation. The term "Code §415
      Statutory Compensation" means  an Employee's compensation as
      determined under Regulation §1.415-2(d)(2) and (3), to wit: (a) wages,
      salaries, fees for professional services and other amounts received
      (without regard to whether or not an amount is paid in cash) for personal
      services actually rendered in the course of employment with the Employer
      maintaining the Plan, including, but not limited to, commissions paid
      salespersons, compensation for services based on a percentage of profits,
      commissions on insurance premiums, tips, bonuses, fringe benefits, and
      reimbursements, or other expense allowances under a non-accountable plan
      as described in regulation §1.62-2(c); (b) in the case of an
      Owner-Employee of a Self-Employed Individual, Earned Income; (c) amounts
      described in Code §104(a)(3), §105(a) and 105(h), but only to the extent
      these amounts are includible in the gross income of the Employee; (d)
      amounts paid or reimbursed by the Employer for moving expenses incurred by
      the Employee, but only to the extent that at the time of the payment it is
      reasonable to believe that these amounts are not deductible by the
      Employee under Code §217; (e) the value of a non-qualified stock option
      granted to an Employee by the Employer, but only to the extent that the
      value of the option is includible in the gross income of the Employee for
      the taxable year in which granted; and (f) the amount includible in the
      gross income of an Employee upon making the election described in Code
      §83(b).  Clauses (a) and (b) above include foreign earned income
      (as defined in Code §911(b)), whether or not excludible from gross income
      under Code §911. Compensation determined under clause (a) above is to be
      determined without regard to the exclusions from gross in Code §931 and
      §933. Similar principles are to be applied with respect to income subject
      to Code §931 and §933 in determining compensation described in clause (b)
      above. For Limitation Years beginning after December 31, 1991, Code §415
      Statutory Compensation will include amounts paid or made available.
      Notwithstanding the preceding sentence, Code §415 Statutory Compensation
      for a Participant in a defined contribution plan who is permanently and
      totally disabled (as defined in Code §22(e)(3)) is the Code §415 Statutory
      Compensation such Participant would have received for the Limitation Year
      if the Participant had been paid at the rate of Code §415 Statutory
      Compensation paid immediately before becoming permanently and totally
      disabled; for Limitation Years beginning before January 1, 1997, such
      imputed Code §415 Statutory Compnsation for the disabled Participant may
      be counted only if the Participant is not a HCE and contributions made on
      behalf of such Participant are nonforfeitable when made. A Participant's
      Code §415 Statutory Compensation will also be determined in accordance
      with the following:

            

    

    
      
         

      

      
        -
3 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (a)

            	
              Excluded
      Amounts. Code §415 Statutory Compensation does not include (1)
      Employer contributions to a plan of deferred compensation not includible
      in gross income for the taxable year in which contributed, or Employer
      contributions to a simplified employee pension plan to the extent they are
      deductible by the Employee, or any distributions from a plan of deferred
      compensation; (2) amounts realized from a non-qualified stock option, or
      when restricted stock or property held by the Employee either becomes
      freely transferable or is no longer subject to a substantial risk of
      forfeiture; (3) amounts realized from the sale, exchange or other
      disposition of stock acquired under a qualified stock option; and (4)
      other amounts which receive special tax benefits, or contributions made by
      an Employer (whether or not under a salary deferral agreement) towards the
      purchase of an annuity described in Code §403(b) (whether or not the
      amounts are excludible from gross
income).

            

    

    

    
      	
               
      

            	
              (b)

            	
              Treatment
      of Elective Deferrals and Code §132(f)(4) Amounts. For Limitation
      Years beginning on or after January 1, 1998, Code §415 Statutory
      Compensation will include any elective deferrals as defined in Code
      §402(g)(3) and amounts contributed or deferred at the election of the
      Employee which were not includible in gross income under Code §125
      (including Deemed Code §125 Compensation) or Code §457. Code §415
      Statutory Compensation will also include elective amounts that are not
      includible in gross income under Code §132(f)(4) for Limitation Years
      beginning on or after January 1, 2001 (or if elected by the Administrator
      on a non-discriminatory basis, any earlier Limitation Year beginning on or
      after January 1, 1998).

            

    

    

    
      	
               
      

            	
              (c)

            	
              Treatment
      of Severance Pay. Effective January 1, 2005, Compensation does not
      include amounts paid after termination of employment unless the payment is
      made within 21⁄2 months after termination of employment and the Compensation
      falls into either of two categories: (1) payments the Employee would have
      received had he or she continued employment with the Employer which are
      regular compensation, bonuses, commissions, overtime, etc.; or (2)
      payments for unused sick leave, vacation time, etc. which the Employee
      could have used if employment with the Employer continued. However, any
      other post-severance payments are not Compensation, even if the Employee
      receives them within 21⁄2 months after termination of employment. Severance
      pay, nonqualified deferred compensation and parachute payments received
      after termination of employment are never considered Compensation for Plan
      purposes. However, if an Employer continues to pay an Employee after the
      Employee enters active United States military duty, that pay is considered
      Compensation, provided it doesn't exceed the pay the Employee would have
      received if he or she had remained with the
  Employer.

            

    

    

    
      	
              1.15

            	
              Compensation. The term Compensation
      means amounts received by an Employee from the Employer during a
      Compensation Determination Period, determined in accordance with the
      following provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Compensation
      Used to Determine Employer Contributions. In determining Employer
      contributions, the term Compensation means a Participant's Form W-2
      Compensation received during the Compensation Determination Period. For
      purposes of this paragraph, (1) the Compensation Determination Period is
      the Plan Year; and (2) Employer contributions made pursuant to a salary
      reduction agreement that are not currently includible in the gross income
      of an Employee by reason of Code §125, §402(e)(3), §402(h)(1)(B), or
      §403(b) will be included in determining Compensation for Plan Years
      beginning on or after January 1, 1998. In addition, if elected by the
      Administrator on a non-discriminatory basis, Compensation will also
      include elective amounts that are not includible in the gross income of
      the Employee by reason of Code §132(f)(4), beginning with the Plan Year
      elected by the Administrator but not earlier than the Plan Year beginning
      on or after January 1, 1998.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Compensation
      Used to Determine Voluntary Employee Contributions. Such
      contributions are not currently permitted under the terms of the
      Plan.

            

    

    
      
         

      

      
        -
4 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (c)

            	
              Compensation
      Used to Determine Code §415 Limitations. In determining an
      Employee's Annual Addition limitation under Section 6.1 of the Plan,
      Compensation means the Code §415 Safe Harbor Compensation received by an
      Employee during the Limitation
Year.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Compensation
      Used to Determine Highly Compensated Employee Status. In
      determining for any Plan Year if an Employee is a Highly Compensated
      Employee, Compensation means the Code §415 Safe Harbor Compensation
      received by the Employee during the Plan
Year.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Compensation
      Used to Determine Key Employee Status. In determining for any Plan
      Year if an Employee is a Key Employee, Compensation means the Code §415
      Safe Harbor Compensation received by the Employee during the Plan
      Year.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Compensation
      Used to Determine Top Heavy Allocations. In determining the
      Employer's Top Heavy Minimum Allocation under Section 3.6, Compensation
      means the Code §415 Safe Harbor Compensation received by an Employee
      during the Plan Year, excluding amounts received while a member of an
      ineligible class of Employees as described in Section
  2.1.

            

    

    

    
      	
               
      

            	
              (g)

            	
              Code
      §401(a)(17) Limit. Notwithstanding any provision of this Section to
      the contrary, Compensation for any Compensation Determination Period (or
      Plan Year) will not exceed the limitation set forth in Code §401(a)(17) as
      in effect for that Compensation Determination Period (or Plan Year). If a
      Compensation Determination Period (or Plan Year) is less than 12
      consecutive months, the Code §401(a)(17) limitation will be multiplied by
      a fraction, the numerator of which is the number of months in the
      determination period, and the denominator of which is 12. If Compensation
      for any prior Compensation Determination Period (or Plan Year) is used in
      determining a Participant's Plan benefits for the current Plan Year, the
      Compensation for such prior Compensation Determination Period (or Plan
      Year) is subject to the applicable Code §401(a)(17) limitation as in
      effect for that prior period.

            

    

    

    
      	
              1.16

            	
              Current
      Obligations.
      The term "Current Obligations" means obligations of the Trust Find
      arising from the extension of credit to the Trust Fund and which are
      payable in cash within one year from the date an Employer contribution is
      made to the Plan.

            

    

    

    
      	
              1.17

            	
              Deemed
      Code §125 Compensation. The term "Deemed §125
      Compensation" means an excludable amount that is not available to an
      Employee in cash in lieu of group health coverage under a Code §125
      arrangement because that Employee is not able to certify that he or she
      has other health coverage. An amount is permitted to be treated as Deemed
      Code §125 Compensation only if the Employer does not request or collect
      information about the Employee's other health coverage as part of the
      enrollment process for the health
plan.

            

    

    

    
      	
              1.18

            	
              Deemed
      IRA Contribution.
      The term "Deemed IRA Contribution" means an Individual Retirement
      Account contribution made by a Participant to the
  Plan.

            

    

    

    
      	
              1.19

            	
              Deemed
      IRA Account.
      The term "Deemed IRA Account" means the account to which a
      Participant's Deemed IRA Contributions are
  credited.

            

    

    

    
      	
              1.20

            	
              Disability. The term "Disability"
      means a physical or mental condition arising after an Employee has become
      a Participant which totally and permanently prevents the Participant from
      performing his or her customary duties for the Employer. The determination
      as to whether a Participant has suffered a Disability will be made by a
      physician acceptable to the Administrator. If a difference of opinion
      arises between the Participant and the Administrator as to whether the
      Participant has suffered a Disability, it will be settled by a majority
      decision of three physicians, one to be appointed by the Administrator,
      one to be appointed by the Participant, and the third to be appointed by
      the two physicians first appointed
herein.

            

    

    

    
      	
              1.21

            	
              Early
      Retirement Age.
      The term "Early Retirement Age" means any Anniversary Date
      coinciding with or following the date a Participant reaches 55 and
      completes at least 5 Years of
Service.

            

    

    
      
         

      

      
        -
5 -

        
          

        

      

      
         

      

    

    

    
      
        	
                1.22

              	
                Eligible
      Employee. The term "Eligible
      Employee" means an Employee who is in an eligible class of Employees as
      described in Section 2.1.

              

      

    

    

    
      
        	
                1.23

              	
                Employee. The term "Employee"
      means (a) any person reported on the payroll records of the Employer as an
      employee who is deemed by the Employer to be a common law employee; (b)
      except in determining eligibility to participate in this Plan, any person
      reported on the payroll records of an Affiliated Employer as an employee
      who is deemed by the Affiliated Employer to be a common law employee (even
      if the Affiliated Employer is not an Adopting Employer); and (c) any
      person who is considered a Leased Employee but who (1) is not covered by a
      plan described in Code §414(n)(5), or (2) is covered by a plan described
      in Code §414(n)(5) but Leased Employees constitute more than 20% of the
      Employer's non- highly compensated workforce. The determination of
      Employee status will be made in accordance with the
    following:

              

      

    

    

    
      	
               
      

            	
              (a)

            	
              Independent
      Contractors. The term Employee will not include any individual who
      is not reported on the payroll records of the Employer or an Affiliated
      Employer as a common law employee. If such person is later determined by
      the Sponsoring Employer or by a court or governmental agency to be an
      Employee or to have been an Employee, he or she will only be eligible for
      Plan participation prospectively and may participate in the Plan as of the
      next entry date set forth in Section 2.2 following such determination and
      after satisfaction of all other eligibility requirements. However, the
      Sponsoring Employer may elect to amend the Plan at any time to reclassify
      any individual described herein as a member of an eligible class of
      Employees retroactively applied for one or more prior Plan Years because
      the Plan failed to satisfy for such Plan Year one of the tests in Code
      §410(b)(1)(A) or Code §§410(b)(1)(B) and (C), or for any other reason
      required to maintain the tax exempt status of the
  Plan.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Undocumented
      Workers. The term Employee will not include any individual who does
      not possess the proper legal credentials necessary to legally work in the
      United States. If an individual enters the Plan and is later determined to
      lack the necessary credentials, he or she will no longer be deemed an
      Employee and his or her Participant's Account, if any, will be deemed a
      Forfeiture.

            

    

    

    
      	
              1.24

            	
              Employer. The term "Employer"
      means the Sponsoring Employer and any Adopting
  Employer.

            

    

    

    
      	
              1.25

            	
              Exempt
      Loan. The
      term "Exempt Loan" means a loan made to the Plan by a disqualified person
      or that is guaranteed by a disqualified person and which satisfies the
      requirements of Regulation §54.4975-7(b) and Department of Labor
      regulation §2550.408b-3.

            

    

    

    
      	
              1.26

            	
              Fiscal
      Year. The
      term "Fiscal Year" means the Sponsoring Employer's 12 consecutive month
      accounting year beginning January 1st and ending the following the
      following December 31st. If the Fiscal Year is changed, a short Fiscal
      Year is established beginning the day after the last day of the Fiscal
      Year in effect before this change and ending on the last day of the new
      Fiscal Year.

            

    

    

    
      	
              1.27

            	
              Forfeiture. The term "Forfeiture"
      means the amount by which a Participant's Account balance exceeds his or
      her Vested Interest upon the earlier to occur of (1) the date the
      Participant receives a distribution of his or her Vested Interest under
      Article 5; or (2) the date the Participant incurs five consecutive Breaks
      in Service after termination of employment. No Forfeitures will occur
      solely as a result of the withdrawal of a Participant's own contributions
      to the Plan or a Participant's transfer to an Affiliated Employer or
      Adopting Employer. All Forfeitures will be placed in the Forfeiture
      Account pending allocation pursuant to Section 3.5. The term Forfeiture
      will also mean any amounts removed from a Participant's Account for any
      reason (including but not limited to forfeiture as a result of an
      inadvertent violation of a Plan limit or the inclusion of an ineligible
      Employee) that cannot be returned to the
  Employer.

            

    

    

    
      	
              1.28

            	
              Form
      W-2 Compensation.
      The term "Form W-2 Compensation" means wages within the meaning of
      Code §3401(a) and all other payments of compensation actually paid or made
      available in gross income to an Employee by the Employer in the course of
      the Employer's trade or business for which the Employer is required to
      furnish the Employee a Form W-2 under Code §6041(d), §6051(a)(3) and
      §6052. Compensation must be determined without regard to rules limiting
      remuneration included in wages based on the nature or location of
      employment or services performed (like the exception for agricultural
      labor in Code §3401(a)(2)).

            

    

    
      
         

      

      
        -
6 -

        
          

        

      

      
         

      

    

    

    
      	
              1.29

            	
              HCE. The term "HCE" means a
      Highly Compensated Employee.

            

    

    

    
      	
              1.30

            	
              Highly
      Compensated Employee. The term "Highly
      Compensated Employee" means any Employee who during the Plan Year or the
      look-back year was a 5% owner as defined in Code §416(i)(1), or who for
      the look-back year had Code §415 Compensation in excess of $80,000 as
      adjusted in accordance with Code §415(d) (except that the base year will
      be the calendar quarter ending September 30, 1996). In determining who is
      a former Highly Compensated Employee, the rules for determining which
      Employees are Highly Compensated Employees for the Plan Year or look-back
      year for which the determination is being made (in accordance with
      temporary Regulation §1.414(q)-1T, A-4, Notice 97-45, and any subsequent
      guidance) will be applied. A former Highly Compensated Employee for the
      determination year is any former Employee who, with respect to the
      Employer, had a separation year (as defined in temporary Regulation
      §1.414(q)-1T, A-5) prior to the determination year and was an active
      Highly Compensated Employee for either such Employee's separation year or
      any determination year ending on or after the Employee's 55th birthday.
      For purposes of determining status as a former Highly Compensated
      Employee, whether an employee was an active Highly Compensated Employee
      for a determination year that ended on or after the Employee's 55th
      birthday, or that was a separation year, is based on the rules applicable
      to determining HCE status as in effect for that determination year. If the
      Employer maintains more than one qualified retirement plan, the definition
      of Highly Compensated Employee must be consistently applied to all such
      plans. In determining if an Employee is a Highly Compensated Employee
      based on his or her Compensation, the top paid group election in Code
      §414(q)(3) will be applied by this
Plan.

            

    

    

    
      	
              1.31

            	
              Hour
      of Service.
      The term "Hour of Service" means, with respect to any provision of
      the Plan in which service is determined by the elapsed time method, each
      hour for which an Employee is paid, or is entitled to payment, by the
      Employer or an Affiliated Employer for the performance of duties. With
      respect to any provision of the Plan in which service is determined by
      counting an Employee's Hours of Service, the meaning of the term "Hour of
      Service" will be determined in accordance with the following
      provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Determination
      of Hours. The term Hour of Service means (1) each hour an Employee
      is paid, or entitled to payment, for the performance of duties for the
      Employer or an Affiliated Employer, which will be credited to the Employee
      for the computation period in which the duties are performed; (2) each
      hour for which an Employee is paid, or entitled to payment, by the
      Employer or an Affiliated Employer on account of a period of time during
      which no duties are performed (irrespective of whether the employment
      relationship has terminated) due to vacation, holiday, illness, incapacity
      (including disability), layoff, jury duty, military duty or leave of
      absence, except that no more than 501 Hours of Service will be credited
      under this clause (2) for any single continuous period (whether or not
      such period occurs in a single computation period); and (3) each hour for
      which back pay, irrespective of mitigation of damages, is either awarded
      or agreed to by the Employer or an Affiliated Employer, except that the
      same hours will not be credited both under clause (1) or clause (2) and
      under this clause (3), and these hours will be credited for the
      computation period or periods to which the award or agreement pertains
      rather than the computation period in which the award, agreement or
      payment is made. Hours of Service will be calculated and credited pursuant
      to DOL Regulation §2530.200b-2(b) and (c), which are incorporated in this
      Plan by reference.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Maternity
      or Paternity Leave. In determining if a Break in Service for
      participation and Vesting has occurred in a computation period, an
      individual on Maternity or Paternity Leave will receive credit for up to
      501 Hours of Service which would otherwise have been credited but for such
      absence, or in any case in which such Hours of Service cannot be
      determined, 8 hours per day of such absence. Hours  of Service
      credited for Maternity of Paternity Leave will be credited in the
      computation period in which the absence begins if the crediting is
      necessary to prevent a Break in Service in that period, or in all other
      cases, in the following computation
period.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Use
      of Equivalencies. Notwithstanding paragraph (a), the Administrator
      may elect for all Employees or for one or more different classifications
      of Employees (provided such classifications are reasonable and are
      consistently applied) to apply one or more of the following equivalency
      methods in determining the Hours of Service of an Employee. Under such
      equivalency methods, an Employee will be credited with (1) 190 Hours of
      Service for each month he or she is paid or entitled to payment for at
      least one Hour of Service; or (2) 95 Hours of Service for each
      semi-monthly period in which he or she is paid or entitled to payment for
      at least one Hour of Service; or (3) 45 Hours of Service for each week he
      or she is paid or entitled to payment for at least one Hour of Service; or
      (4) 10 Hours of Service for each day he or she is paid or entitled to
      payment for at least one Hour of
Service.

            

    

    
      
         

      

      
        -
7 -

        
          

        

      

      
         

      

    

    

    
      	
              1.32

            	
              Key
      Employee.
      The term "Key Employee" means, for Plan Years beginning on or after
      January 1, 2002, any Employee, former Employee or deceased Employee who at
      any time during the Plan Year that includes the Determination Date was (a)
      an officer of the Employer having annual Compensation greater than the
      dollar amount set forth in Code §416(i)(1), as adjusted for Plan Years
      beginning after December 31, 2002; (b) a 5% owner as defined in Code
      §416(i)(1)(B)(I); or (c) a 1% owner as defined in Code §416(i)(1)(B)(ii)
      whose annual Compensation is more than $150,000. The determination of who
      is a Key Employee will be made in accordance with Code §416(i)(1) and the
      Regulations and other guidance issued
  thereunder.

            

    

    

    
      	
              1.33

            	
              Leased
      Employee.
      The term "Leased Employee" means, for Plan Years beginning on or
      after January 1, 1997, any person within the meaning of Code §414(n)(2)
      and §414(o) who is not reported on the payroll records of the Employer as
      a common law employee and who provides services to the Employer if (a) the
      services are provided under an agreement between the Employer and a
      leasing organization; (b) the person has performed services for the
      Employer or for the Employer and related persons as determined under Code
      §414(n)(6) on a substantially full time basis for a period of at least one
      year; and (c) the services are performed under the primary direction or
      control of the Employer. Contributions or benefits provided to a Leased
      Employee by the leasing organization which are attributable to services
      performed for the Employer will be treated as provided by the Employer. A
      Leased Employee will not be considered an Employee of the recipient if he
      or she is covered by a money purchase plan providing (a) a non-integrated
      Employer contribution rate of at least 10% of Code §415 Compensation,
      including amounts contributed by the Employer pursuant to a salary
      deferral agreement which are excludible from the Leased Employee's gross
      income under a cafeteria plan covered by Code §125 (including Deemed Code
      §125 Compensation), a cash or deferred plan under Code §401(k), a SEP
      under Code §408(k) or a tax-deferred annuity under Code §403(b), and also
      including, for Plan Years beginning on or after January 1, 2001, any
      elective amounts that are not includible in the gross income of the Leased
      Employee because of Code §132(f)(4); (b) immediate participation; and (c)
      full and immediate vesting. This exclusion is only available if Leased
      Employees do not constitute more than 20% of the recipient's non-highly
      compensated work force.

            

    

    

    
      	
              1.34

            	
              Limitation
      Year. The
      term "Limitation Year" means the Plan
Year.

            

    

    

    
      	
              1.35

            	
              Maternity
      or Paternity Leave. The term "Maternity or
      Paternity Leave" means that an Employee is absent from work because of the
      Employee's pregnancy; the birth of the Employee's child; the placement of
      a child with the Employee in connection with the adoption of such child by
      the Employee; or the need to care for such child for a period beginning
      immediately following the child's birth or placement as set forth
      above.

            

    

    

    
      	
              1.36

            	
              Named
      Fiduciary.
      The term "Named Fiduciary" means the Plan Administrator or other fiduciary
      named by the Plan Administrator to control and manage the operation and
      administration of the Plan. To the extent authorized by the Plan
      Administrator, a Named Fiduciary may delegate its responsibilities to a
      third party or parties. The Employer will also be a Named
      Fiduciary.

            

    

    

    
      	
              1.37

            	
              NHCE. The term "NHCE" means
      a Non-Highly Compensated Employee.

            

    

    

    
      	
              1.38

            	
              Non-Highly
      Compensated Employee. The term "Non-Highly
      Compensated Employee" means any Employee who is not a Highly Compensated
      Employee.

            

    

    

    
      	
              1.39

            	
              Non-Key
      Employee.
      The term "Non-Key Employee" means any Employee who is not a Key
      Employee, including former Key Employees. In making the allocation in
      Section 3.6, Non-Key Employee means a Non-Key Employee who either is a
      Participant or would be a Participant but for the reasons in Section
      3.6(a).

            

    

    

    
      	
              1.40

            	
              Normal
      Retirement Age.
      The term "Normal Retirement Age" means the date a Participant
      reaches Age 65. There is no mandatory retirement
  Age.

            

    

    
      
         

      

      
        -
8 -

        
          

        

      

      
         

      

    

    

    
      	
              1.41

            	
              Normal
      Retirement Date.
      The term "Normal Retirement Date" means the Anniversary Date
      coinciding with or next following the date a Participant reaches Normal
      Retirement Age.

            

    

    

    
      	
              1.42

            	
              Other
      Investments Account. The term "Other
      Investments Account" means the aggregate value of all of a Participant's
      accounts (other than the Company Stock Account) to which are credited a
      Participant's share of Employer contributions, Forfeitures which are not
      used to pay administrative expenses or to reduce Employer contributions,
      earnings and losses, and the proceeds of any Policies, if any, purchased
      on the Participant's life under Section 7.2. Any purchase of Company Stock
      will be debited from one or more of these accounts which together
      constitute a Participant's Other Investments
  Account.

            

    

    

    
      	
              1.43

            	
              Otherwise
      Excludible Participant. The term "Otherwise
      Excludible Participant" means a Participant who has not satisfied the
      statutory age and service requirements set forth in Code
      §410(b).

            

    

    

    
      	
              1.44

            	
              Participant. The term "Participant"
      means any Employee who has met the eligibility and participation
      requirements of the Plan. However, an individual who is no longer an
      Employee will cease to be a Participant if his or her entire Plan benefit
      (1) is fully guaranteed by an insurance company and legally enforceable at
      the sole choice of such individual against such insurance company,
      provided that a contract, Policy, or certificate describing the
      individual's Plan benefits has been issued to such individual; (2) is paid
      in a lump sum distribution which represents such individual's entire
      interest in the Plan; or (3) is paid in some other form of distribution
      and the final payment thereunder has been
made.

            

    

    

    
      	
              1.45

            	
              Participant's
      Account.
      The term "Participant's Account" means the aggregate balance in a
      Participant's Company Stock Account and Other Investments Account and any
      other accounts that the Administrator may determine necessary from
      time.

            

    

    

    
      	
              1.46

            	
              Period of
      Service.
      Not
      applicable

            

    

    

    
      	
              1.47

            	
              Period of
      Severance.
      Not
      applicable.

            

    

    

    
      	
              1.48

            	
              Permissive
      Aggregation Group.
      The term "Permissive Aggregation Group" means a Required
      Aggregation Group plus any Employer plan or plans which when considered as
      a group with the Required Aggregation Group would continue to satisfy the
      requirements of Code §401(a)(4) and
§410.

            

    

    

    
      	
              1.49

            	
              Plan. The term "Plan" means
      the The Bank of South Carolina Employee Stock Ownership Plan, established
      by the Sponsoring Employer as amended from time to
  time.

            

    

    

    
      	
              1.50

            	
              Plan
      Year. The
      term Plan Year means the Plan's twelve month accounting year beginning
      January 1st and ending the following the following December 31st. If the
      Plan Year is changed, a short Plan Year will be established beginning the
      day after the last day of the Plan Year in effect before the change and
      ending on the last day of the new Plan
Year.

            

    

    

    
      	
              1.51

            	
              Policy. The term "Policy"
      means an insurance policy or annuity contract purchased pursuant to
      Section 7.2.

            

    

    

    
      	
              1.52

            	
              Qualified
      Domestic Relations Orders. The term "Qualified
      Domestic Relations Order" is a signed domestic relations order issued by a
      State Court which creates, recognizes or assigns to an alternate payee(s)
      right to receive all or part of a Participant's Plan benefit. An alternate
      payee is a Spouse, former Spouse, child, or other dependent of a
      Participant who is treated as a Beneficiary under the Plan as a result of
      the QDRO.

            

    

    

    
      	
              1.53

            	
              Required
      Aggregation Group.
      The term "Required Aggregation Group" means (1) each Employer
      qualified deferred compensation plan in which at least one Key Employee
      participates or participated at any time during the Plan Year containing
      the Determination Date (as defined in Section 1.63(d)) or any of the four
      preceding Plan Years (regardless of whether the plan has terminated); and
      (2) any other Employer qualified deferred compensation plan that enables a
      plan described in (1) to satisfy Code §401(a)(4) or
  §410.

            

    

    
      
         

      

      
        -
9 -

        
          

        

      

      
         

      

    

    

    
      	
              1.54

            	
              Required
      Beginning Date.
      The term "Required Beginning Date" means the later of Age 701⁄2 or
      actual retirement. However, for a Participant who is a 5% owner, the term
      Required Beginning Date means April 1st of the calendar year following the
      later of the calendar year in which the Participant reaches Age 701⁄2.
      Notwithstanding the foregoing to the contrary, if a Participant made a
      distribution election prior to January 1, 1984 pursuant to §242(b) of the
      Tax Equity and Fiscal Responsibility Act (TEFRA), such Participant's
      benefit will be distributed at the time and in the manner set forth in the
      election provided it has not been revoked, and further provided that the
      election provides a method of distribution of benefits which satisfies the
      provisions of Code §401(a)(9) as in effect prior to the enactment of
      TEFRA.

            

    

    

    
      	
              1.55

            	
              Regulation. The term "Regulation"
      means regulations as promulgated by the Secretary of the Treasury, the
      Secretary of the Department of Labor, or their delegates, as amended
      and/or renumbered from time to
time.

            

    

    

    
      	
              1.56

            	
              Rollover
      Account.
      The term "Rollover Account" means account to which a Participant's
      Rollover Contributions, if any, are
credited.

            

    

    

    
      	
              1.57

            	
              Rollover
      Contribution (or Rollover). The terms "Rollover
      Contribution" and "Rollover" mean an amount eligible for tax free rollover
      treatment which is transferred to this
Plan

            

    

    

    
      	
              1.58

            	
              Sponsoring
      Employer.
      The term "Sponsoring Employer" means The Bank of South Carolina
      (and any successor thereto that elects to assume sponsorship of this
      Plan).

            

    

    

    
      	
              1.59

            	
              Spouse. The term "Spouse"
      means the person to whom a Participant is legally
  married.

            

    

    

    
      	
              1.60

            	
              Terminated
      Participant.
      The term "Terminated Participant" means a Participant who has
      ceased to be an Employee for reasons other than retirement, death or
      Disability.

            

    

    

    
      	
              1.61

            	
              Top
      Heavy. The
      term "Top Heavy" means for any Plan Year beginning after December 31, 1983
      that (1) the Top Heavy Ratio exceeds 60% and the Plan is not part of a
      Required Aggregation Group or Permissive Aggregation Group; or (2) the
      Plan is a part of a Required Aggregation Group but not a Permissive
      Aggregation Group and the Top Heavy Ratio for the group exceeds 60%; or
      (3) the Plan is a part of a Required Aggregation Group and a Permissive
      Aggregation Group and the Top Heavy Ratio for the Permissive Aggregation
      Group exceeds 60%.

            

    

    

    
      	
              1.62

            	
              Top
      Heavy Minimum Allocation. The term "Top Heavy
      Minimum Allocation" means an amount of Employer contributions and
      Forfeitures equal to 3% of an Employee's Compensation (or such higher or
      lesser percentage of Compensation as may otherwise be indicated in Section
      3.6). Elective Deferrals (and, for Plan Years beginning before 2002,
      Matching Contributions) cannot be used to satisfy the Top-Heavy Minimum
      Allocation. SIMPLE 401(k) plans and certain Safe Harbor 401(k) Plans are
      not subject to Top
Heavy  rules.

            

    

    

    
      	
              1.63

            	
              Top
      Heavy Ratio.
      For Plan Years beginning on or after January 1, 2002, in
      determining if this Plan is Top Heavy, the "Top Heavy Ratio" will be
      determined in accordance with the following
  provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Rule
      1. If the employer maintains one or more defined contribution plans
      (including any Simplified Employee Pension Plan) and has not maintained
      any defined benefit plan which during the 5-year period ending on the
      Determination Date(s) has or has had accrued benefits, the top-heavy ratio
      for this Plan alone or for the Required Aggregation Group or the
      Permissive Aggregation Group as appropriate is a fraction, the numerator
      of which is the sum of the account balances of all Key Employees as of the
      Determination Date(s) (including any part of any account balance
      distributed in the 1-year period ending on the determination date(s))
      (5-year period ending on the Determination Date in the case of a
      distribution made for a reason other than severance from employment, death
      or Disability and in determining whether the Plan is Top Heavy for Plan
      Years beginning before January 1, 2002), and the denominator of which is
      the sum of all account balances (including any part of any account balance
      distributed in the 1-year period ending on the Determination date(s))
      (5-year period ending on the Determination Date in the case of a
      distribution made for a reason other than severance from employment, death
      or disability and in determining whether the Plan is Top Heavy for Plan
      Years beginning before January 1, 2002), both computed in accordance with
      Code §416 and the Regulations  promulgated thereunder. Both the
      numerator and denominator of the Top Heavy Ratio are increased to reflect
      any contribution not actually made as of the Determination Date, but which
      is required to be taken into account on that date under Code §416 the
      regulations promulgated
thereunder.

            

    

    
      
         

      

      
        -
10 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (b)

            	
              Rule
      2. If the Employer maintains one or more defined contribution plans
      (including any Simplified Employee Pension Plan) and the Employer
      maintains or has maintained one or more defined benefit plans which during
      the 5-year period ending on the determination date(s) has or has had any
      accrued benefits, the Top Heavy Ratio for any Required Aggregation Group
      or Permissive Aggregation Group as appropriate is a fraction, the
      numerator of which is the sum of account balances under the aggregated
      defined contribution plan or plans for all Key Employees, determined in
      accordance with paragraph (a) above, and the present value of accrued
      benefits under the aggregated defined benefit plan or plans for all Key
      Employees as of the Determination Date(s), and the denominator of which is
      the sum of the account balances under the aggregated defined contribution
      plan or plans for all Participants, determined in accordance with
      paragraph (a) above, and the present value of accrued benefits under the
      defined benefit plan or plans for all Participants as of the Determination
      Date(s), all determined in accordance with Code §416 and the Regulations
      promulgated thereunder. The accrued benefits under a defined benefit plan
      in both the numerator and denominator of the Top Heavy Ratio are increased
      for any distribution of an accrued benefit made in the 1-year period
      ending on the Determination Date (5-year period ending on the
      Determination Date in the case of a distribution made for a reason other
      than severance from employment, death or disability and in determining
      whether the Plan is Top Heavy for Plan Years beginning before January 1,
      2002).

            

    

    

    
      	
               
      

            	
              (c)

            	
              Rule
      3. For purposes of paragraphs (a) and (b), the value of account
      balances and the present value of accrued benefits will be determined as
      of the most recent valuation date that falls within or ends with the
      12-month period ending on the Determination Date, except as provided in
      Code §416 and the regulations thereunder for the first and second Plan
      Years of a defined benefit plan. The account balances and accrued benefits
      of a participant (1) who is not a Key Employee but who was a Key Employee
      in a prior year, or (2) who has not been credited with at least one Hour
      of Service with any Employer maintaining the Plan at any time during the
      1-year period (5-year period in determining if the Plan is Top Heavy for
      Plan Years beginning before January 1, 2002) ending on the Determination
      Date will be disregarded. The calculation of the Top Heavy Ratio and the
      extent to which distributions, Rollovers and Transfers are taken into
      account will be made in accordance with Code §416 and the Regulations
      thereunder. Deductible employee contributions will not be taken into
      account for purposes of computing the Top Heavy Ratio. When aggregating
      plans the value of account balances and accrued benefits will be
      calculated with reference to the Determination Dates that fall within the
      same calendar year. The accrued benefit of a Participant other than a Key
      Employee will be determined under (1) the method, if any, that uniformly
      applies for accrual purposes under all defined benefit plans maintained by
      the Employer, or (2) if there is no such method, as if such benefit
      accrued not more rapidly than the slowest accrual rate permitted under the
      fractional rule of Code
§411(b)(1)(C).

            

    

    

    
      	
               
      

            	
              (d)

            	
              Definition
      of Determination Date. In determining the Top Heavy Ratio, the term
      Determination Date means the last day of the preceding Plan Year except
      for the first Plan Year when the Determination Date means the last day of
      such first Plan Year.

            

    

    

    
      	
              1.64

            	
              Transfer
      Contribution.
      The term "Transfer Contribution" means a non-taxable transfer of a
      Participant's benefit directly from another qualified plan to this Plan
      (for example, as a result of a plan merger). For accounting and record
      keeping purposes, Transfer Contributions will be identical to Rollover
      Contributions.

            

    

    

    
      	
              1.65

            	
              Trustee. The term "Trustee"
      means the persons or entity named as trustee or trustees of the Trust. The
      term Trustee will also mean custodian if a custodian is appointed by the
      Sponsoring Employer.

            

    

    

    
      	
              1.66

            	
              Trust
      (or Trust Fund).
      The term "Trust" or "Trust Fund" means the assets of the Plan. The
      term Trust or Trust Fund will also mean any custodial agreement entered
      into by the Sponsoring Employer.

            

    

    

    
      	
              1.67

            	
              Unallocated
      Company Stock Account. The term "Unallocated
      Company Stock Account" means an account containing Company Stock acquired
      with the proceeds of an Exempt Loan and which has not been allocated to
      the Participants' Company Stock
Accounts.

            

    

    
      
         

      

      
        -
11 -

        
          

        

      

      
         

      

    

    

    
      	
              1.69

            	
              Valuation
      Date. The
      term "Valuation Date" means the date on which the Trustee determines the
      value of the Trust Fund. The Trust Fund must be valued at least annually
      as of the last day of the Plan Year, but the Administrator can elect to
      have all or any portion of the assets of the Trust Fund valued more
      frequently, including, but not limited to, semi-annually, quarterly,
      monthly, or daily. The Administrator may implement additional Valuation
      Dates in order avoid prejudice with respect to any
      Participant.

            

    

    

    
      	
              1.70

            	
              Vested
      Aggregate Account.
      The term Vested Aggregate Account means a Participant's Vested
      Interest in the aggregate value of his or her Participant's Account and
      any accounts attributable to the Participant's own Plan contributions
      (including rollovers).

            

    

    

    
      	
              1.71

            	
              Vested,
      Vested Interest or Vesting. The term "Vested,"
      "Vested Interest" or "Vesting" means a Participant's nonforfeitable
      percentage in an account maintained on his or her behalf under the Plan. A
      Participant's Vested Interest in his or her Participant's Account will be
      determined in accordance with Section
4.6.

            

    

    

    
      	
              1.72

            	
              Voluntary
      Employee Contribution. The term Voluntary
      Employee Contribution means a non-deductible contribution made to the Plan
      by a Participant.

            

    

    

    
      	
              1.73

            	
              Voluntary
      Employee Contribution Account. The term Voluntary
      Employee Contribution Account means the sub-account to which a
      Participant's Voluntary Employee Contributions, if any, are
      allocated.

            

    

    

    
      	
              1.74

            	
              Year
      of Service.
      With respect to any provision of the Plan in which service is
      determined by counting an Employee's Hours of Service, the term "Year of
      Service" means a 12-consecutive month computation period during which an
      Employee (or Participant) is credited with a specified number of Hours of
      Service for the Employer, determined in accordance with the following
      provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Employment
      Commencement Date. The Employment Commencement Date is the first
      day an Employee performs an Hour of Service for an Employer, Affiliated
      Employer or Adopting Employer. The Reemployment Commencement Date is the
      first day following a Period of Severance on which an Employee performs an
      Hour of Service for an Employer, Adopting Employer or Affiliated
      Employer.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Year
      of Service for Eligibility. For any Plan Year in which the
      eligibility requirements under Section 2.1 are based on an Employee's
      Years of Service, a Year of Service is a 12-consecutive month computation
      period in which an Employee is credited with at least 1,000 Hours of
      Service. An Employee's initial eligibility computation period will begin
      on his or her Employment Commencement Date. The second eligibility
      computation period will begin on the first day of the Plan Year which
      begins prior to the first anniversary of the Employee's Employment
      Commencement Date regardless of whether the Employee is credited with
      1,000 Hours of Service during the initial computation period. If the
      Employee is credited with 1,000 Hours of Service in both the initial
      eligibility computation period and in the second eligibility computation
      period, the Employee will be credited with two Years of Service for
      eligibility purposes. If a Plan Year is less than 12 months, the Hours of
      Service requirement set forth herein will be proportionately reduced. In
      determining eligibility under Section 2.1 and the applicable entry date
      under Section 2.2 (or in determining a Safe Harbor 401(k) Contribution
      Addendum, if any), an Employee will be deemed to have completed a Year of
      Service on the same date the Employee completes the applicable Hours of
      Service requirement, even if such date occurs before the last day of the
      computation period.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Year
      of Service for Vesting. For any Plan Year in which a Participant's
      Vested Interest under Section 4.6 is based on Years of Service, a Year of
      Service is a 12-consecutive month computation period in which an Employee
      is credited with at least 1,000 Hours of Service. The Vesting computation
      period is the Plan Year, and if any Plan Year is less than 12 consecutive
      months and the Hours of Service requirement in this paragraph is greater
      than one, such requirement will be proportionately
  reduced.

            

    

    
      

      
        	
                 
      

              	
                (d)

              	
                Prior
      Service Credit. An Employee will receive credit for all Years of
      Service with the
Employer.

              

 

    

    
      
         

      

      
        -
12 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (e)

            	
              Re-employment
      of an Employee Before a Break In Service and Before Eligibility
      Requirements Are Satisfied. If
      an Employee terminates employment with the Employer prior to satisfying
      the eligibility requirements set forth in Section 2.1 and the Employee is
      subsequently re-employed by the Employer before incurring a Break in
      Service, then the Employee's pre-termination Years of Service (and Hours
      of Service during the eligibility computation period) will be counted in
      determining the satisfaction of such eligibility requirements, and for all
      other purposes, as applicable, and the eligibility computation period and
      the vesting computation period, as applicable, will remain
      unchanged.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Re-employment
      of an Employee Before a Break In Service and After Eligibility
      Requirements Are Satisfied. If an Employee terminates employment
      with the Employer prior to the Employee's entry date under Section 2.2,
      the Employee had satisfied the eligibility requirements under Section 2.1
      as of the date of such termination, and the Employee is subsequently
      re-employed by the Employer before incurring a Break in Service, then (1)
      the Employee will become a Participant in the Plan as of the later of (A)
      the date the Employee would have entered the Plan had the Employee not
      terminated employment with the Employer, or (B) the Employee's
      Re-employment Commencement Date; (2) the Employee's pre-termination Years
      of Service (and Hours of Service during a computation period) will be
      counted for all purposes; and (3) the Vesting computation period will
      remain unchanged.

            

    

    

    
      	
               
      

            	
              (g)

            	
              Re-employment
      of a Participant Before a Break In Service. If an
      Employee terminates employment  with the Employer after becoming
      a Participant in the Plan and is subsequently re-employed by the Employer
      before incurring a Break in Service, then (1) the Employee's Years of
      Service and employment will be deemed not to have been interrupted; (2)
      the Employee will recommence Plan participation immediately upon
      re-employment; (3) the Employee's pre-termination Years of Service (and
      Hours of Service during a computation period) will be counted for all
      purposes; and (4) the vesting computation period will remain
      unchanged.

            

    

    

    
      	
               
      

            	
              (h)

            	
              Re-employment
      of an Employee After a Break In Service and Before Eligibility
      Requirements Are Satisfied. If
      an Employee terminates employment with the Employer prior to satisfying
      the eligibility requirements under Section 2.1 and the Employee is
      subsequently re-employed by the Employer after incurring a Break in
      Service, then the Employee's Year(s) of Service that were completed prior
      to the Break in Service will be counted, subject to the following
      provisions:

            

    

    

    
      	
               
      

            	
              (1)

            	
              Determination
      of Years of Service for Eligibility Using the Rule of Parity. For
      any Plan Year in which the eligibility requirements under Section 2.1 are
      based on Years of Service, Years of Service completed prior to an
      Employee's Break(s) in Service will not be counted if the total number of
      consecutive Breaks in Service incurred by the Employee equals or exceeds
      the greater of five or the aggregate number of Year of Service credited to
      the Employee prior to incurring the Breaks in Service; this rule hereafter
      is referred to as the "rule of parity." For purposes of the preceding
      sentence, the aggregate number of Years of Service will not include Years
      of Service previously disregarded under prior applications of the rule of
      parity. If such former Employee's Years of Service are disregarded under
      the rule of parity, then (A) the rehired Employee will be treated as a new
      Employee for purposes of Section 2.1 and (B) the Employee's eligibility
      computation period will commence on the Employee's Re-employment
      Commencement Date. If such former Employee's Years of Service are not
      disregarded under the rule of parity, then the eligibility computation
      periods will remain unchanged. However, if this Plan provides that an
      Employee must complete more than one Year of Service for eligibility
      purposes under Section 2.1, and provides that an Employee will have a 100%
      Vested Interest in his or her Participant's Account upon becoming a
      Participant in the Plan, then (A) the Year of Service (and Hours of
      Service) of an Employee who incurs a Break in Service before satisfying
      such eligibility requirement will not be counted for eligibility purposes
      and (B) the Employee's eligibility computation period will commence on the
      Employee's Re-employment Commencement
Date.

            

    

    
      
         

      

      
        -
13 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (2)

            	
              Determination
      of Years
      of
      Service for Vesting. For any Plan Year in which a Vested Interest
      under Section 4.6 is based on Years of Service, then in determining an
      Employee's Vested Interest in his or her Participant's Account, any Years
      of Service that were completed prior to an Employee's Break(s) in Service
      will not be counted (A) if the Employee is not Vested in any portion of
      his or her Participant's Account and (B) if the total number of
      consecutive Breaks in Service incurred by the Employee equals or exceeds
      the greater of five or the aggregate number of Years of Service credited
      to the Employee prior to incurring the Break(s) in Service. For purposes
      of the preceding sentence, the aggregate number of Years of Service will
      not include any Years of Service previously disregarded under prior
      applications of the rule of parity.

            

    

    

    
      	
               
      

            	
              (i)

            	
              Re-employment
      of an Employee After a Break In Service, After Eligibility Requirements
      Are Satisfied, But Before the Employee's Entry Date. If an Employee
      terminates employment with the Employer after satisfying the eligibility
      requirements under Section 2.1 (but before the Employee's entry date under
      Section 2.2) and the Employee is subsequently re-employed by the Employer
      after incurring a Break in Service, then the Employee's Years of Service
      completed prior to the Break in Service will be counted , subject to the
      following:

            

    

    

    
      	
               
      

            	
              (1)

            	
              Determination
      of Years of Service for Eligibility Using the Rule of Parity. For
      any Plan Year in which the eligibility requirements under Section 2.1 are
      based on Years of Service, Years of Service completed prior to an
      Employee's Break(s) in Service will not be counted if the total number of
      consecutive Breaks in Service incurred by the Employee equals or exceeds
      the greater of five or the aggregate number of Years of Service credited
      to the Employee prior to incurring the Break(s) in Service; this rule
      hereafter is referred to as the "rule of parity." For purposes of the
      preceding sentence, the aggregate number of Years of Service will not
      include Years of Service previously disregarded under prior applications
      of the rule of parity. If such former Employee's Years of Service are
      disregarded under the rule of parity, then (A) the rehired Employee will
      be treated as a new Employee for purposes of Section 2.1 and (B) the
      Employee's eligibility computation period will commence on the Employee's
      Re-employment Commencement Date. If such former Employee's Years of
      Service are not disregarded under the rule of parity, then the rehired
      Employee will enter the Plan under Section 2.2 on the Employee's
      Re-employment Commencement Date.

            

    

    

    
      	
               
      

            	
              (2)

            	
              Determination
      of Years
      of
      Service for Vesting. For any Plan Year in which a Vested Interest
      under Section 4.6 is based on Years of Service, then in determining an
      Employee's Vested Interest in his or her Participant's Account, any Years
      of Service that were completed prior to an Employee's Break(s) in Service
      will not be counted (A) if the Employee is not Vested in any portion of
      his or her Participant's Account and (B) if the total number of
      consecutive Breaks in Service incurred by the Employee equals or exceeds
      the greater of five or the aggregate number of Years of Service credited
      to the Employee prior to incurring the Break(s) in Service. For purposes
      of the preceding sentence, the aggregate number of Years of Service will
      not include any Years of Service previously disregarded under prior
      applications of the rule of parity.

            

    

    

    
      	
               
      

            	
              (j)

            	
              Re-employment
      of a Participant After a Break In Service. If
      an Employee (1) was a Participant in the Plan, (2) terminates employment
      with the Employer, and (3) is subsequently re-employed by the Employer
      after incurring a Break in Service, then the Employee's Years of Service
      that were completed prior to the Break in Service will be counted, subject
      to the following:

            

    

    

    
      	
               
      

            	
              (1)

            	
              Determination
      of Years of Service for Eligibility Using the Rule of Parity. For
      any Plan Year in which the eligibility requirements under Section 2.1 are
      based on Years of Service, Years of Service completed prior to an
      Employee's Break(s) in Service will not be counted if the total number of
      consecutive Breaks in Service incurred by the Employee equals or exceeds
      the greater of five or the aggregate number of Years of Service credited
      to the Employee prior to incurring the Break(s) in Service; this rule
      hereafter is referred to as the "rule of parity." For purposes of the
      preceding sentence, the aggregate number of Years of Service will not
      include Years of Service previously disregarded under prior applications
      of the rule of parity. If such former Employee's Years of Service are
      disregarded under the rule of parity, then (A) the rehired Employee will
      be treated as a new Employee for purposes of Section 2.1 and (B) the
      Employee's eligibility computation period will commence on the Employee's
      Re-employment Commencement Date. If such former Employee's Years of
      Service are not disregarded under the rule of parity, then the rehired
      Employee will reenter the Plan as of the Employee's Re-employment
      Commencement Date.

            

    

    
      
         

      

      
        -
14 -

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (2)

            	
              Determination
      of Years of Service for Vesting. For
      any Plan Year in which a Vested Interest under Section 4.6 is based on
      Years of Service, then in determining an Employee's Vesting Interest in
      his or her Participant's Account, any Years of Service that were completed
      prior to an Employee's Break(s) in Service will not be counted (A) if the
      Employee is not Vested in any portion of his or her Participant's Account
      and (B) if the total number of consecutive Break(s) in Service incurred by
      the Employee equals or exceeds the greater of five or the aggregate number
      of Years of Service credited to the Employee prior to incurring the
      Break(s) in Service. For purposes of the preceding sentence, the aggregate
      number of Years of Service will not include any Years of Service
      previously disregarded under prior applications of the rule of
      parity.

            

    

    

    
      	
               
      

            	
              (k)

            	
              Ignoring
      Service for Eligibility If Service Requirement for Eligibility Is More
      Than 1 Year of Service. Notwithstanding anything in the Plan to the
      contrary, if this Plan provides that an Employee must complete more than
      one Year of Service for eligibility purposes under Section 2.1, and
      provides that an Employee will have a 100% Vested Interest in his or her
      Participant's Account upon becoming a Participant in the Plan, then (A)
      the Years of Service (and Hours of Service) of an Employee who incurs a
      Break in Service before satisfying such eligibility requirement will not
      be counted for eligibility purposes and (B) the Employee's eligibility
      computation period will commence on the Employee's Re-employment
      Commencement Date.

            

    

    
      
         

      

      
        -
15 -

        
          

        

      

      
         

      

    

    
      

        Article
2

        Plan
Participation

        

        
          	
                  2.1

                	
                  Eligibility
      Requirements. Any Employee who was a
      Participant on December 31, 2006 will be eligible to continue as a
      Participant without regard to the requirements described below. Any other
      Employee who was not already a Participant on December 31, 2006 and who is
      in an eligible class of Employees as described below (and who for purposes
      of this Article 2 is referred to as an Eligible Employee) will become
      eligible to enter the Plan as a Participant on the applicable entry date
      in Section 2.2 in accordance with the
following:

                

        

        

        
          	
                   
      

                	
                  (a)

                	
                  Eligibility
      Requirements for Employer Contributions. The eligibility
      requirements for the purpose of entering the Plan as a Participant to
      receive an allocation of Employer contributions are as
      follows:

                

        

        

        
          	
                   
      

                	
                  (1)

                	
                  General
      Eligibility. An Eligible Employee described in Section 2.1(a)(2)
      will enter the Plan as a Participant on the applicable entry date
      described in Section 2.2 upon reaching Age 21 and being credited with 1
      Year of Service.

                

        

        

        
          	
                   
      

                	
                  (2)

                	
                  Eligible
      Employees. All Employees are Eligible Employees and are eligible to
      participate in the Plan upon satisfying the eligibility requirements in
      subparagraph (1) above except for the following ineligible classes of
      Employees: (1) Employees whose employment is governed by a collective
      bargaining agreement between Employee representatives and the Employer in
      which retirement benefits were the subject of good faith bargaining unless
      such collective bargaining agreement ; (2) Employees who are non-resident
      aliens who do not receive earned income from the Employer which
      constitutes income from sources within the United States; (3) Any person
      who becomes an Employee as the result of a "Code §410(b)(6)(C)
      transaction".  Any such Employee will be excluded during the
      period beginning on the date of the transaction and ending on the last day
      of the first Plan Year beginnin; (4) Any person who is considered a Leased
      Employee but who (A) is not covered by a plan described in Code
      §414(n)(5), or (B) is covered by a plan described in Code §414(n)(5) but
      Leased Employees constitute more than 20% of the Employer's non-hi; (5)
      Employees who are employed by an Affiliated Employer which is not an
      Adopting Employer; and (6) any person who is deemed by the Employer to be
      an independent contractor on his or her employment commencement date and
      on the first day of each subsequent Plan Year, even if such person is
      later determined by a court or a governmental agency to be or to have been
      an Employee.

                

        

        

        
          	
                   
      

                	
                  (b)

                	
                  Participation
      By Employees Whose Status Changes. If an Employee who is not an
      Eligible Employee becomes an Eligible Employee, the Employee will
      participate in the Plan immediately if he or she has satisfied the minimum
      age and service requirements and would have previously become a
      Participant had he or she been an Eligible Employee. The participation of
      a Participant who ceases to be an Eligible Employee will be suspended and
      such Participant will be entitled to an allocation of Employer
      contributions (and any applicable Forfeitures) for the Allocation Period
      only to the extent of any applicable Hours of Service completed while an
      Eligible Employee. Upon once again becoming an Eligible Employee, a
      suspended Participant will resume eligibility. The Vested Interest of a
      Participant who ceases to be an Eligible Employee will continue to
      increase in accordance with Section
4.6.

                

        

        

        
          	
                   
      

                	
                  (c)

                	
                  Participation
      By Former Participants. A Participant who terminates employment
      with the Employer for any reason but is subsequently reemployed as an
      Eligible Employee will again become a Participant in the Plan as provided
      in the definition of Year of
Service.

                

        

        

        
          	
                  2.2

                	
                  Entry
      Date. An
      Eligible EmployeeAn Eligible Employee described in Section 2.1(a)(2) who
      satisfies the eligibility requirements set forth in Section 2.1(a)(1) will
      enter the Plan as a Participant on the January 1st that occurs nearest the
      date on which the Employee first satisfies such
    requirements.

                

        

        

        
          	
                  2.3

                	
                  Waiver
      of Participation.
      Employees who have satisfied any of the eligibility requirements
      set forth in Section 2.1 are not permitted to waive participation in the
      Plan.

                

        

        
          
             

          

          
            -
16 -

            
              

            

          

          
             

          

        

      

       

      
        	
                2.4

              	
                Reemployment. If an Employer
      terminates employment and is subsequently reemployed by the Employer or an
      Affiliated Employer, such Employee's Years of Service for purposes of
      eligibility (as well as the time such Employee enters or reenters the Plan
      as a Participant) will be determined in accordance with the rules
      described in the definition of Year of
Service.

              

      

      

      
        	
                2.5

              	
                Exclusion
      of an Eligible Employee. If any Employee who
      should have been included as a Participant is erroneously excluded from
      the Plan in any Allocation Period and discovery of such omission is not
      made until after a contribution for that Allocation Period has been
      allocated, the Employer will correct the omission by one or more of the
      following methods: (1) by making an additional contribution to the Plan on
      behalf of the omitted Employee; (2) by allocating any available
      Forfeitures on behalf of the omitted Employee; or (3) by any other method
      of correction permitted under Revenue Procedure 2003-44 or any subsequent
      Revenue Procedure or guidance issued by the Internal Revenue
      Service.

              

      

      

      
        	
                2.6

              	
                Inclusion
      of an Ineligible Employee. If a person who should
      not have been included as a Participant is erroneously included in any
      Allocation Period and (a) the discovery of the inclusion is not made until
      after a contribution has been allocated for that Allocation Period, (b)
      such ineligible Employee has not received a distribution of the amount
      erroneously allocated (other than Elective Deferrals, which will be
      distributed to the ineligible Employee), and (c) such amount is not
      eligible to be refunded to the Employer under Section 3.1(e), such amount
      will be applied as a Forfeiture for the Plan Year in which the error is
      discovered.

              

      

       

      
        
           

        

        
          -
17 -

          
            

          

        

        
           

        

      

      Article
3

      Contributions
and Allocations

      

      
        	
                3.1

              	
                Employer
      Contributions. The Employer intends
      to make contributions to the Plan. The Employer does not guarantee either
      the making of the contributions or the payment of the benefits under the
      Plan. The Employer reserves the right to reduce, suspend or discontinue
      contributions for any reason at any time, but if the Plan is deemed to be
      terminated as a result of such reduction, suspension or discontinuance,
      the provisions of Article 9 will become effective. All contributions will
      be determined in accordance with the following
  provisions:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Amount
      of Contribution. The Employer in its sole discretion may make a
      contribution to the Plan. The amount will be determined by the Employer,
      and the Employer's determination will be binding on the Trustee, the
      Administrator and all Participants, and cannot be reviewed in any
      manner.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Limitations
      on Contributions. Notwithstanding any provision herein to the
      contrary, (1) no contribution will exceed the maximum amount deductible
      under Code §404 except as otherwise provided below; (2) no contribution
      will exceed the limitations set forth in Code §415; (3) no contribution
      will be made for any Participant who is not a Benefiting Participant for
      an Allocation Period unless otherwise required by the Top Heavy provisions
      in Section 3.6; and (4) if an Employee should have been included as a
      Participant but is mistakenly excluded for any reason, the omission will
      be corrected as specified in Section 2.5, even if such amount is never
      deductible by the Employer.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Allocation
      Period. Any contribution made under the terms of the Plan may, at
      the election of the Employer, be contributed (1) each payroll period; (2)
      each month; (3) each Plan quarter; (4) on an annual basis; or (5) on any
      other less than annual Allocation Period basis as determined by the
      Employer, provided such Allocation Period does not discriminate in favor
      of HCEs. The Employer may elect a different Allocation Period for each
      type of contribution. Contributions will be allocated to Benefiting
      Participants as of the last day of an applicable contribution
      period.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Form
      of Contribution. Employer contributions may consist of (1) cash;
      (2) Company Stock; or (3) any other property that is permitted under Code
      §4975 and is acceptable to the
Trustee.

              

      

      

      
        	
                 
      

              	
                (e)

              	
                Refund
      of Contributions for All Plans. Contributions made to the Plan by
      the Employer can only be returned to the Employer in accordance with the
      following provisions:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Failure
      of Plan to Initially Qualify. If the Plan fails to initially
      satisfy the requirements of Code §401(a) and the Employer declines to
      amend the Plan to satisfy such requirements, contributions made prior to
      the date such qualification is denied must be returned to the Employer
      within 1 year of the date of such denial, but only if the application for
      the qualification is made by the time prescribed by law for filing the
      Employer's tax return for the taxable year in which the Plan is adopted,
      or by such later date as the Secretary of the Treasury may
      prescribe.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Contributions
      Made Under a Mistake of Fact. If a contribution is attributable in
      whole or in part to a good faith mistake of fact, including a good faith
      mistake in determining the deductibility of the contribution under Code
      §404, an amount may be returned to the Employer equal to the excess of the
      amount contributed over the amount that would have been contributed had
      the mistake not occurred. Earnings attributable to an excess contribution
      will not be returned, but losses attributable to the excess contribution
      will reduce the amount so returned. Such amount will be returned within
      one year of the date the contribution was made or the deduction
      disallowed, as the case may be.

              

      

      

      
        	
                 
      

              	
                (3)

              	
                Nondeductible
      Contributions. Except to the extent an Employer may intentionally
      make a nondeductible contribution, for example in order to correct an
      administrative error or restore a Forfeiture, any contribution by the
      Employer is conditioned on its deductibility and will otherwise be
      returned to the Employer.

              

      

       

      
        
          
          

        

        
          -
18 -

          
            

          

        

        
          
          

        

      

       

      
        	
                3.2

              	
                Allocation
      of Employer Contributions. Each Benefiting
      Participant's share of Employer contributions made to  the Plan
      will be allocated to his or her Participant's Account in accordance with
      the following provisions:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Allocation
      of Company Stock. Subject to the requirements of Section 3.3,
      Company Stock contributed to the Plan will be allocated to each Benefiting
      Participant's Company Stock Account in the ratio that each Benefiting
      Participant's Compensation bears to the total Compensation of all
      Benefiting Participants. However, Company Stock acquired by the Plan with
      the proceeds of an Exempt Loan will only be allocated to each
      Participant's Company Stock Account upon release from the Unallocated
      Company Stock Suspense Account as provided in Section 3.3(b). Company
      Stock acquired with the proceeds of an Exempt Loan will be an asset of the
      Trust Fund and maintained in the Unallocated Company Stock Suspense
      Account. Company Stock which has been released from the Unallocated
      Company Stock Account during the Plan Year will be allocated on the annual
      Valuation Date to each Benefiting Participant's Company Stock Account in
      the same ratio as described above.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Allocation
      of Other Contributions. Each Benefiting Participant's share of cash
      or property, other than Company Stock and dividends attributable thereto,
      will be allocated to his or her Other Investments Account in the ratio
      that the Compensation of each Benefiting Participant for the Allocation
      Period bears to the total Compensation of all Benefiting Participants for
      the Allocation Period.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Allocation
      of Cash Dividends.  Cash dividends
      received by the Plan that are attributable to Company Stock allocated to a
      Participant's Company Stock Account and that are not currently distributed
      in accordance with Section 5.15 will be allocated to the Participant's
      Other Investments Account.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Benefiting
      Participants. A Participant will be a Benefiting Participant for
      any Allocation Period in accordance with the following
      provisions:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Allocations
      to Participants Employed on the Last Day of the Allocation Period.
      Any Participant who is an Employee on the last day of the Allocation
      Period and who at any time during the Allocation Period was in an eligible
      class of Employees as set forth in Section 2.1(a)(2) will be a Benefiting
      Participant for that Allocation Period only if he or she is credited with
      at least 1,000 Hours of Service during the Allocation Period (or is
      credited with the proportionate equivalent if the Allocation Period is
      less than 12 consecutive months).

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Allocations
      to Participants Who Terminate Before the Last Day of the Allocation
      Period. Any Participant who terminates employment with the Employer
      before the last day of the Allocation Period: (A) a Participant who
      terminates because of his or her retirement on or after Normal or Early
      Retirement Age will be a Benefiting Participant regardless of the number
      of Hours of Service with which he or she is credited during the Allocation
      Period; (B) a Participant who terminates because of his or her death will
      be a Benefiting Participant regardless of the number of Hours of Service
      with which he or she is credited during the Allocation Period; (C) a
      Participant who terminates because of his or her Disability will be a
      Benefiting Participant regardless of the number of Hours of Service with
      which he or she is credited during the Allocation Period; and (D) a
      Participant who terminates for reasons other than retirement on or after
      Normal or Early Retirement Age, death or Disability will not be a
      Benefiting Participant.

              

      

      

      
        	
                3.3

              	
                Company
      Stock Account.
      Company Stock allocable to a Benefiting Participant's Company Stock
      Account, or Company Stock released from the Unallocated Company Stock
      Account during an Allocation Period, will be allocated to a Benefiting
      Participant's Company Stock Account in accordance with the
      following:

              

      

      
        
           

        

        
          -
19 -

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (a)

              	
                Company
      Stock. A Benefiting Participant's Company Stock Account will be
      credited with his or her allocable share of Company Stock (including
      fractional shares) purchased and paid for by the Plan or contributed in
      kind by the Employer, except that Company Stock acquired with the proceeds
      of an Exempt Loan must be added to and maintained in the Unallocated
      Company Stock Suspense Account. Such Company Stock will be released and
      withdrawn from that account as if all Company Stock in that account were
      encumbered. In the case of an Employer that is an electing small business
      corporation, the Plan may not use dividends on any allocated Company Stock
      to pay an Exempt Loan that was used to purchase Company Stock. Cash
      dividends paid on Company Stock in a Participant's Company Stock Account
      will, in the sole discretion of the Administrator, either be credited to
      the Participant's Account or will be used to repay an Exempt Loan.
      However, (1) when cash dividends are used to repay an Exempt Loan, Company
      Stock will be released from the Unallocated Company Stock Suspense Account
      and will be allocated to each Benefiting Participant's Company Stock
      Account in the ratio that each Benefiting Participant's Compensation for
      the Allocation Period bears to the total Compensation of all Benefiting
      Participants for the Allocation Period; and (2) Company Stock allocated to
      a Participant's Company Stock Account will have a fair market value not
      less than the amount of cash dividends which would have been allocated to
      such Participant's Account for the Allocation
  Period.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Unallocated
      Company Stock Account. Any Company Stock which is acquired with an
      Exempt Loan and is in the Unallocated Company Stock Account will only be
      withdrawn and allocated to Participants' Accounts in accordance with the
      following provisions:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Method
      of Withdrawing Stock. For each Allocation Period during the
      duration of an Exempt Loan, the number of shares of Company Stock released
      from the Unallocated Company Stock Account will equal the number of shares
      held therein immediately before release for the current Allocation Period
      multiplied by a fraction, the numerator of which is the amount of
      principal and interest paid for the Allocation Period and the denominator
      of which is the sum of the numerator plus the principal and interest to be
      paid for all future Allocation Periods. The number of future Allocation
      Periods must be definitely ascertainable and must be determined without
      taking into account any possible extensions or renewal periods. If the
      interest rate under the Exempt Loan is variable, the interest to be paid
      in future Allocation Periods must be computed by using the interest rate
      applicable as of the end of the Allocation
  Period.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Alternative
      Method of Withdrawing Stock. Notwithstanding subparagraph (1), the
      number of shares of Company Stock released from the Unallocated Company
      Stock Account may be determined in the same manner described in
      subparagraph (1) except that the number will be based solely on the amount
      of principal paid for the Allocation Period in relation to the sum of such
      amount plus the principal to be paid for all future Allocation Periods,
      provided that (1) the Exempt Loan must provide for annual payments of
      principal and interest at a cumulative rate that is not less rapid at any
      time than level annual payments of such amounts for 10 years; (2) interest
      in any payment is disregarded only to the extent it would be determined to
      be interest under standard loan amortization tables; and (3) the
      alternative described in this subparagraph is not applicable from the time
      that, by reason of a renewal, extension or refinancing, the sum of the
      expired duration of the Exempt Loan, the renewal period, the extension
      period, and the duration of a new Exempt Loan exceeds 10
      years.

              

      

      

      
        	
                 
      

              	
                (3)

              	
                Method
      of Allocating Withdrawn Stock to Participants. The Plan must
      consistently allocate to each Participant's Account, in the same manner as
      Employer contributions under Section 3.1 are allocated, non-monetary units
      (shares and fractional shares of Company Stock) representing each
      Participant's interest in Company Stock withdrawn from the Unallocated
      Company Stock Suspense Account. However, Company Stock released from the
      Unallocated Company Stock Account with cash dividends under paragraph (a)
      will be allocated to each Benefiting Participant's Company Stock Account
      in the same proportion that each such Participant's number of shares of
      Company Stock sharing in such cash dividends bears to the total number of
      shares of all Benefiting Participants' Company Stock sharing in such cash
      dividends.

              

      

      

      
        	
                 
      

              	
                (4)

              	
                Allocation
      of Income. Income earned on Company Stock in the Unallocated
      Company Stock Account will be used, at the discretion of the
      Administrator, to repay the Exempt Loan used to purchase such Company
      Stock. Company Stock released from the Unallocated Company Stock Account
      with such income, and any income which is not so used, will be allocated
      on the annual Valuation Date in the same proportion that each Benefiting
      Participant's Compensation for the Plan Year bears to the total
      Compensation of all Benefiting Participants for the Plan
    Year.

              

      

       

      
        
          
          

        

        
          -
20 -

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (c)

              	
                Code
      §1042 Stock. Notwithstanding the foregoing to the contrary, any
      portion of the Plan's assets that are attributable to (or allocable in
      lieu of) Company Stock acquired by the Plan in a sale to which Code §1042
      or §2057 applies will be allocated in accordance with the following
      provisions:

              

      

      
        	
                 
      

              	
                (1)

              	
                No
      Allocation Permitted to Certain Participants. No portion of any
      such assets may be allocated directly or indirectly under this Plan or any
      other qualified plan of the Employer (A) during the Non-Allocation Period
      for the benefit of any taxpayer who makes an election under Code §1042(a)
      with respect to Company Stock or any decedent if the executor of the
      estate of such decedent makes a qualified sale to which Code §2057 applies
      or for the benefit of any individual who is related to the taxpayer or the
      decedent within the meaning of Code §267(b); or (B) for the benefit of any
      other person who owns, after applying Code §318(a), more than 25% of any
      class of outstanding stock of the Employer or of any corporation which is
      a member of the same controlled group of corporations within the meaning
      of Code §409(l)(4) as the Employer; or the total value of any class of
      outstanding stock of the Employer. For purposes hereof, Code §318(a) will
      be applied without regard to the employee trust exception in Code
      §318(a)(2)(B)(i); and a person will be treated as failing to meet the
      stock ownership limitation set forth herein if such person fails such
      limitation at any time during the 1-year period ending on the date of sale
      of qualified securities to the Plan, or on the date as of which such
      qualified securities are allocated to Participants in the
      Plan.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Exception
      for Certain Lineal Descendants. The restrictions set forth in
      subparagraph (1) will not apply to any individual who is a lineal
      descendant of the taxpayer if the aggregate amount allocated to the
      benefit of all lineal descendants during the Non-Allocation Period does
      not exceed more than 5% of the Company Stock (or amounts allocated in lieu
      thereof) held by the Plan which are attributable to a sale to the Plan by
      any person related to such descendants within the meaning of Code
      §267(c)(4) in a transaction to which Code §1042
  applied.

              

      

      

      
        	
                 
      

              	
                (3)

              	
                Non-Allocation
      Period. As used in this paragraph, the term Non-Allocation Period
      means the 10-year period beginning on the later of (1) the date of the
      sale of the qualified securities, or (2) the date of the Plan allocation
      attributable to the final payment of acquisition indebtedness incurred in
      connection with such sale.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Prohibited
      Allocation of Company Stock of an S Corporation. Notwithstanding
      any provision of this Plan to the contrary, no portion of the assets of
      the Plan attributable to (or allocable in lieu of) Company Stock issued by
      an S Corporation may, during a nonallocation year, be allocated directly
      or indirectly for the benefit of  any disqualified person under
      this Plan or under any other qualified plan of the Employer, subject to
      the following provisions:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Nonallocation
      Year. The term "nonallocation year" means any Plan Year in which
      (A) the Plan holds Company Stock of an S Corporation, and (B)
      "disqualified persons" own at least 50% of such Company Stock. In
      determining ownership under clause (B), the rules of Code §318(a) will
      apply, except that in applying Code §318(a)(1), the members of an
      individual's family will include members of the family described in
      subparagraph (4) below, and Code §318(a)(4) will not apply. In addition,
      notwithstanding the employee trust exception in Code §318(a)(2)(B)(i), an
      individual will be treated as owning deemed-owned shares of the
      individual, and solely for purposes of applying subparagraph (5) below,
      this subparagraph will be applied after the attribution rules of
      subparagraph (5) have been applied.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Disqualified
      Person. The term "disqualified person" means any person whose
      number of deemed-owned shares in the S Corporation is at least 10% of the
      deemed-owned shares in such corporation, or whose number of shares of
      deemed-owned shares in the S Corporation, when aggregated with the
      deemed-owned shares of his or her family members, is at least 20% of the
      number of deemed-owned shares of stock in the S Corporation. Any member of
      a disqualified person's family with deemed-owned shares will be treated as
      a disqualified person if not otherwise treated as a disqualified person
      under this subparagraph.

              

      

      
        
           

        

        
          -
21 -

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (3)

              	
                Deemed-Owned
      Shares. The term "deemed-owned shares" means, with respect to any
      person, (A) Company Stock of the S corporation which is allocated to such
      person under the Plan, and (B) the person's share of such Company Stock
      which is held by the Plan but is not allocated to Participants. A person's
      share of unallocated S Corporation Company Stock held by the Plan is the
      amount of such unallocated Company Stock which would be allocated to him
      or her if such unallocated Company Stock were allocated to all
      Participants in the same proportion as the most recent Company Stock
      allocation under the Plan.

              

      

       

      
        	
                 
      

              	
                (4)

              	
                Member
      of the Family. The term "member of the family" means, with respect
      to any individual, (A) the spouse of the individual; (B) an ancestor or
      lineal descendant of the individual or the individual's spouse; (C) a
      brother or sister of the individual or his or her spouse and any lineal
      descendant of the brother or sister; and (D) the spouse of any individual
      described in clause (B) or (C). However, a spouse who is legally separated
      from such individual under a decree of divorce or separate maintenance
      will not be treated as such individual's
spouse.

              

      

      

      
        	
                 
      

              	
                (5)

              	
                Treatment
      of Synthetic Equity. For purposes of subparagraphs (1) and (2), in
      the case of a person who owns synthetic equity in the S corporation,
      except to the extent provided in regulations, the shares of stock in the
      corporation on which the synthetic equity is based will be treated as
      outstanding stock in the corporation and deemed-owned shares of such
      person if the treatment of synthetic equity of one or more such persons
      results in (A) the treatment of any person as a disqualified person, or
      (B) the treatment of any year as a nonallocation year. For purposes
      hereof, synthetic equity is treated as owned by a person in the same
      manner as stock is treated as owned by a person under Code §318(a)(2) and
      (3). If, without regard to this subparagraph, a person is treated as a
      disqualified person or a year is treated as a nonallocation year, this
      subparagraph will not be construed to result in the person or year not
      being so treated.

              

      

      

      
        	
                 
      

              	
                (6)

              	
                Synthetic
      Equity. The term "synthetic equity" means any stock option,
      warrant, restricted stock,  deferred issuance stock right, or
      similar interest or right that gives the holder the right to acquire or
      receive stock of the S corporation in the future. Except to the extent
      provided in regulations, synthetic equity also includes a stock
      appreciation right, phantom stock unit, or similar right to a future cash
      payment based on the value of such stock or appreciation in such
      value.

              

      

      

      
        	
                3.4

              	
                Allocation
      of Earnings and Losses. As of each Valuation
      Date, accounts which have not been distributed since the prior Valuation
      Date will have the net income of the Trust Fund earned since the prior
      Valuation Date allocated in accordance with any rules and procedures
      established by the Administrator, and applied in a uniform and
      nondiscriminatory manner; or accounts will be valued and adjusted as set
      forth below.

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Definition
      of Net Income. The term "net income" means the net of any interest,
      dividends, unrealized appreciation and depreciation (other than the
      unrealized appreciation or depreciation of the Company Stock allocated to
      the Participants' Company Stock Accounts), capital gains and losses, and
      investment expenses of the Trust Fund as determined on each Valuation
      Date. Net income does not include (1) the interest paid under any
      installment contract for the purchase of Company Stock by the Plan or the
      interest paid on any loan used by the Plan to purchase Company Stock; or
      (2) income received by the Trust Fund with respect to Company Stock
      acquired with an Exempt Loan to the extent such income is used to repay
      the loan. All income received by the Trust Fund from Company Stock
      acquired with the proceeds of an Exempt Loan may, at the discretion of the
      Administrator, be used to repay such
loan.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Allocations
      to Non-Segregated Other Investment Accounts. Other Investment
      Accounts which have not been segregated from the general Trust for
      investment will have net income allocated thereto in the ratio that the
      value of each non-segregated account bears to the total value of all
      non-segregated accounts on the Valuation Date. For purposes of this
      paragraph, the value of each such account on the Valuation Date will be
      determined before taking into account the allocation of any contributions
      that have occurred (or are deemed to have occurred) since the prior
      Valuation Date, and after taking into account 100% of any distributions
      and withdrawals that have occurred since the prior Valuation
      Date.

              

      

      
        
           

        

        
          -
22 -

          
            

          

        

        
           

        

      

      

      
        	
                 
      

              	
                (c)

              	
                Segregated
      Accounts and Policy Dividends. Any accounts (other than Company
      Stock Accounts) which have been segregated from the general Trust Fund for
      investment, including any Directed Investment Accounts established under
      Section 7.4 and any other accounts (including Directed Investment
      Accounts) that are valued on a daily basis, will only have the net income
      earned thereon allocated thereto. Any insurance Policy dividends or
      credits will be allocated to the Participant's Account for whose benefit
      the Policy is held.

              

      

      

      
        	
                3.5

              	
                Allocation
      of Forfeitures.
      The Administrator may elect at any time to use all or any portion
      of the Forfeiture Account to pay administrative expenses incurred by the
      Plan. The portion of the Forfeiture Account which is not used to pay
      administrative expenses will be used first to restore Participants'
      Accounts pursuant to Section 5.7 and/or Section 5.13 and/or to satisfy any
      contributions that may be required pursuant to Section 2.5. Any portion of
      the Forfeiture Account which then remains will, subject to any rules and
      procedures established by the Administrator, be allocated to the
      Participant's Account of each Benefiting Participant in the ratio that
      each such Benefiting Participant's Compensation bears to the total
      Compensation of all such Benefiting
  Participants.

              

      

      

      
        	
                3.6

              	
                Top
      Heavy Minimum Allocation. In any Top Heavy Plan
      Year in which a Key Employee receives an allocation of Employer
      contributions or Forfeitures, each Employee who is described in paragraph
      (a) below will receive the Top Heavy Minimum Allocation, determined in
      accordance with the following
provisions:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Participants
      Who Must Receive the Top Heavy Minimum Allocation. The Top Heavy
      Minimum Allocation, or such lesser amount as may be permitted under
      paragraph (b), will be made for each Participant who is a Non-Key Employee
      and who is employed by an Employer on the last day of the Plan Year, even
      if such Participant (1) fails to complete any minimum Hours of
      Service/Period of Service required to receive an allocation of Employer
      contributions or Forfeitures for the Plan Year; (2) fails to make Elective
      Deferrals to the Plan in the case of a 401(k) plan; (3) receives
      Compensation that is less than a stated amount; or (4) declines to make a
      mandatory employee contribution to the Plan. The Top Heavy Minimum
      Allocation is not required for a Participant whose participation is
      limited to a Rollover Contribution.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Lesser
      Allocation Permitted. If the amount of Employer contributions and
      Forfeitures allocated to the Participant's Account of each Key Employee
      for the Plan Year is less than 3% of his or her Compensation, and if this
      Plan is not required to be included in an Aggregation Group to enable a
      defined benefit plan to meet the requirements of Code §401(a)(4) or §410,
      then the allocation made under this Section for each Participant who is
      described in paragraph (a) above must be equal to the largest percentage
      of Employer contributions and Forfeitures allocated to the Participant's
      Account of a Key Employee for that Plan Year (determined after taking into
      account elective contributions made by a Key Employee to a cash or
      deferred arrangement maintained by the
  Employer).

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Participation
      in Multiple Defined Contribution Plans. If a Participant described
      in paragraph (a) who participates in this Plan and in one or more defined
      contribution plans that are included with this Plan in a Required
      Aggregation Group, and if the allocation of Employer contributions and
      Forfeitures in this Plan or any other such defined contribution plan is
      insufficient to satisfy the Top Heavy requirement with respect to such
      Participant, such requirement will nevertheless be deemed to be satisfied
      if the aggregate allocation of Employer contributions and Forfeitures made
      under this Plan and all other such plans on behalf of such Participant is
      sufficient to satisfy the Top Heavy requirement. If not, the Employer will
      make an additional contribution to this Plan and/or to one or more such
      plans on behalf of the Participant in order that the aggregate allocation
      of Employer contributions and Forfeitures to this Plan and all such plans
      satisfies the Top Heavy
requirements.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                Participation
      in Defined Benefit Plan and Defined Contribution Plan. Any
      Participant described in paragraph (a) who participates in this Plan and
      in a defined benefit plan included with this Plan in a Required
      Aggregation Group will, in lieu of the allocation under paragraph (a),
      receive an allocation under this Plan (or any other defined contribution
      plan sponsored by the Employer) which is equal to 5% of Compensation.
      Notwithstanding the foregoing, the Administrator may determine, in a
      uniform non-discriminatory manner which is intended to satisfy the
      requirements of Code §416(f) regarding the preclusion of required
      duplication and inappropriate omission of Top Heavy minimum benefits or
      contributions, that each such Participant will receive the minimum Top
      Heavy benefit required under Code §416 under the defined benefit plan in
      lieu of any such benefit under the terms of this
  Plan.

              

      

       

      
        
          
          

        

        
          -
23 -

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (e)

              	
                Contributions
      That Can Be Used to Satisfy Top Heavy Minimum. All Employer
      contributions to the Plan (other than Elective Deferrals made to a cash or
      deferred arrangement) will be taken into account in determining if the
      Employer has contributed an amount necessary to satisfy the requirements
      of this Section. In addition, the following Employer contributions made on
      a Participant's behalf to a cash or deferred arrangement may be taken into
      account in determining if the Top Heavy requirements are satisfied:
      Non-Safe Harbor Matching Contributions; Non-Safe Harbor Non-Elective
      Contributions; QNECs; ADP Safe Harbor Non-Elective Contributions; ADP Safe
      Harbor Matching Contributions; ACP Safe Harbor Matching Contributions; and
      any other contributions as may be permitted by
  law.

              

      

       

      
        	
                3.7

              	
                Failsafe
      Allocation.
      For any Plan Year in which the Plan fails to satisfy the average
      benefit percentage test under Code §410(b)(2) or the average benefits test
      under Regulation §1.401(a)(4) (or if the Administrator is unable to or
      elects not to perform such tests), no automatic "failsafe" is provided
      under the Plan. Rather, the Sponsoring Employer must timely execute an
      amendment to the Plan pursuant to Section 11.1(c) to insure that the Plan
      satisfies one of the tests under either Code §410(b)(1)(A) (in which the
      Plan initially fails to benefit at least 70% of NHCEs), or in Code
      §410(b)(1)(B) (in which the Plan initially fails to benefit a percentage
      of NHCEs that is at least 70% of the percentage of HCEs who benefit under
      the Plan).

              

      

      

      
        	
                3.8

              	
                Rollover
      Contributions. Such contributions
      are not permitted.

              

      

      

      
        	
                3.9

              	
                Voluntary
      Employee Contributions. Such
      contributions are not permitted

              

      

      

      
        	
                3.10

              	
                Deemed
      IRA Contributions.
      Such contributions are not
permitted.

              

      

       

      
        
           

        

        
          -
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      Article
4

      Plan
Benefits

      

      
        	
                4.1

              	
                Benefit
      Upon Normal (or Early) Retirement. Every Participant who
      has reached Normal (or Early) Retirement Age will be entitled upon
      subsequent termination of employment to receive his or her Vested
      Aggregate Account balance determined as of the most recent Valuation Date
      coinciding with or immediately preceding the date of distribution.
      Distribution will be made in accordance with Section
  5.1.

              

      

      

      
        	
                4.2

              	
                Benefit
      Upon Late Retirement. A Participant who has
      reached Normal Retirement Age may elect to remain employed and retire at a
      later date. Such Participant will continue to participate in the Plan and
      his or her Participant's Account will continue to receive allocations
      under Article 3. Upon actual retirement, the Participant will be entitled
      to his or her Vested Aggregate Account balance determined as of the most
      recent Valuation Date coinciding with or immediately preceding the date of
      distribution. Distribution will be made in accordance with Section
      5.1.

              

      

      

      
        	
                4.3

              	
                Benefit
      Upon Death.
      Upon the death of a Participant prior to termination of employment, or
      upon the death of a Terminated Participant prior to distribution of his or
      her Vested Aggregate Account, his or her Beneficiary will be entitled to
      the Participant's Vested Aggregate Account balance determined as of the
      most recent Valuation Date coinciding with or immediately preceding the
      date of distribution. If any Beneficiary who is living on the date of the
      Participant's death dies prior to receiving his or her entire death
      benefit, the portion of such death benefit will be paid in a lump sum to
      the estate of such deceased Beneficiary. The Administrator's determination
      that a Participant has died and that a particular person has a right to
      receive a death benefit will be final. Distribution will be made in
      accordance with Section 5.2.

              

      

      

      
        	
                4.4

              	
                Benefit
      Upon Disability. If a Participant
      suffers a Disability prior to termination of employment, or if a
      Terminated Participant suffers a Disability prior to distribution of his
      or her Vested Aggregate Account balance, he or she will be entitled to his
      or her Vested Aggregate Account balance determined as of the most recent
      Valuation Date coinciding with or immediately preceding the date of
      distribution. Distribution will be  made in accordance with
      Section 5.3.

              

      

      

      
        	
                4.5

              	
                Benefit
      Upon Termination of Employment. A Terminated
      Participant will be entitled to his or her Vested Aggregate Account
      balance as of the most recent Valuation Date coinciding with or
      immediately preceding the date of distribution. Distribution to a
      Terminated Participant who does not die prior to distribution or who does
      not suffer a Disability prior to distribution will be made under Section
      5.4.

              

      

      

      
        	
                4.6

              	
                Determination
      of Vested Interest. A Participant's Vested
      Interest in his or her Participant's Account will be determined in
      accordance with the following
provisions:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Vesting
      Upon Retirement, Death or Disability. A Participant will have a
      100% Vested Interest in his or her Participant's Account upon reaching
      Normal Retirement Age prior to termination of employment. A Participant
      will also have a 100% Vested Interest therein upon his or her retirement
      at Early Retirement; upon his or her Disability prior to termination of
      employment; and upon his or her death prior to termination of
      employment.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Vesting
      of Employer Contributions. A Participant's Vested Interest in his
      or her Participant's Account will be determined by the vesting schedule
      following this paragraph. A Participant's Vested Interest under this
      paragraph will be based on the Participant's completed Years of Service
      with the Employer. All such Years of Service will be counted in
      determining a Participant's Vested Interest under this paragraph except
      for those that are credited prior to the date a Participant reaches Age
      18.

              

      

      

      
        
          
            	
                    1
      Year of Service

                  	
                    0%
      Vested

                  
	
                    2
      Years of Service

                  	
                    25%
      Vested

                  
	
                    3
      Years of Service

                  	
                    50%
      Vested

                  
	
                    4
      Years of Service

                  	
                    75%
      Vested

                  
	
                    5
      Years of Service

                  	
                    100%
      Vested

                  

          

        

      

       

      
        
          
          

        

        
          -
25 -

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (c)

              	
                Amendments
      to the Vesting Schedule. No amendment to the Plan may directly or
      indirectly reduce a Participant's Vested Interest in his or her
      Participant's Account. If the Plan is amended in any way that directly or
      indirectly affects the computation of a Participant's Vested Interest in
      his or her Participant's Account, or the Plan is deemed amended by an
      automatic change to or from a Top Heavy Vesting schedule, then the
      following provisions will apply:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Participant
      Election. Any Participant with at least three Years of Service may,
      by filing a written request with the Administrator, elect to have the
      Vested Interest in his or her Participant's Account computed by the
      Vesting schedule in effect prior to the amendment. A Participant who fails
      to make an election will have the Vested Interest computed under the new
      schedule. The period in which the election may be made will begin on the
      date the amendment is adopted or is deemed to be made and will end on the
      latest of (1) 60 days after the amendment is adopted; (2) 60 days after
      the amendment becomes effective; or (3) 60 days after the Participant is
      issued written notice of the amendment by the Employer or
      Administrator.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Preservation
      of Vested Interest. Notwithstanding the foregoing to the contrary,
      if the vesting schedule is amended, then in the case of an Employee who is
      a Participant as of the later of the date such amendment is adopted or the
      date it becomes effective, the Vested Interest in his or her Participant's
      Account determined as of such date will not be less than his or her Vested
      Interest computed under the Plan without regard to such
      amendment.

              

      

       

      
        
           

        

        
          -
26 -

          
            

          

        

        
           

        

      

      Article
5

      Distribution
of Benefits

      

      
        
          	
                  5.1

                	
                  Distribution
      of Benefit Upon Retirement. Unless a cash-out
      occurs under Section 5.5, the retirement benefit a Participant is entitled
      to receive under Section 4.1 or 4.2 will be distributed in the following
      manner:

                

        

      

      

      
        	
                 
      

              	
                (a)

              	
                Form
      of Distribution. A Participant's benefit will be distributed in one
      lump sum payment.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Time
      of Distribution. Distribution will be made under this Section
      within a reasonable time after the Participant's actual retirement at
      Normal (or Early) Retirement Date, but distribution must begin no later
      than the Required Beginning Date.

              

      

      

      
        	
                5.2

              	
                Distribution
      of Benefit Upon Death. Unless a cash-out
      occurs under Section 5.5, the benefit a deceased Participant's Beneficiary
      is entitled to receive under Section 4.3 will be distributed in the
      following manner:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Surviving
      Spouse. If a Participant is married on the date of his or her
      death, the Participant's surviving Spouse will be entitled to receive a
      death benefit determined in accordance with the
  following:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Form
      of Distribution. Notwithstanding
      any other Beneficiary designation by a Participant, if a Participant is
      married on the date of death, the surviving Spouse will be entitled to
      receive 100% of the Participant's death benefit unless the surviving
      Spouse has waived that right under Section 5.8. The benefit will be
      distributed in one lump sum payment

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Time
      of Distribution. The surviving Spouse may elect to (1) have any
      death benefit to which he or she is entitled distributed within a
      reasonable time after the death of the Participant; or (2) defer
      distribution of the death benefit, but distribution may not be deferred
      beyond December 31st of the calendar year in which the deceased
      Participant would have attained Age 701⁄2. If the surviving Spouse dies
      before distribution begins, then distribution will be made as if the
      surviving Spouse were the Participant. Distribution will be considered as
      having commenced when the deceased Participant would have reached Age 701⁄2
      even if payments have been made to the surviving Spouse before that
      date.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Non-Spouse
      Beneficiary. Any death benefit a non-Spouse Beneficiary is entitled
      to receive will be distributed in one lump sum payment. Distribution to a
      non-Spouse Beneficiary will be made within a reasonable time after the
      death of the Participant, but distribution must be made by December 31st
      of the calendar year which contains the 5th anniversary of the date of the
      Participant's death.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Distribution
      If the Participant or Other Payee Is In Pay Status. If a
      Participant or Beneficiary who has begun receiving distribution of a
      benefit dies before the entire benefit is distributed, the balance will be
      distributed to the Participant's Beneficiary (or Beneficiary's
      beneficiary) at least as rapidly as under the method of distribution being
      used on the date of the Participant's or Beneficiary's
    death.

              

      

      
        	
                 
      

              	
                (d)

              	
                Payments
      to a Beneficiary. In the absence of a Beneficiary designation or
      other directive from the deceased Participant to the contrary, any
      Beneficiary may name his or her own Beneficiary to receive any benefits
      payable in the event of the Beneficiary's death prior to receiving the
      entire death benefit to which the Beneficiary is entitled; and if a
      Beneficiary has not named his or her own Beneficiary, the Beneficiary's
      estate will be the Beneficiary. If any benefit is payable under this
      paragraph to a Beneficiary of the deceased Participant's Beneficiary or to
      the estate of the deceased Participant's Beneficiary, or to any other
      Beneficiary or the estate thereof, subject to the limitations regarding
      the latest dates for benefit payment in paragraphs (a) and (c) above, the
      Administrator may (1) continue to pay the remaining value of such benefits
      in the amount and form already commenced, or pay such benefits in any
      other manner permitted under the Plan for a Participant or Beneficiary,
      and (2) if payments have not already commenced, pay such benefits in any
      other manner permitted under the Plan. Distribution to the Beneficiary of
      a Beneficiary must begin no later than the date distribution would have
      been made to the Participant's Beneficiary. The Administrator's
      determination under this paragraph will be final and will be applied in a
      non-discriminatory manner that does not discriminate in favor of Highly
      Compensated Employees.

              

      

      
        
           

        

        
          -
27 -

          
            

          

        

        
           

        

      

       

      
        	
                5.3

              	
                Distribution
      of Benefit Upon Disability. Unless a cash-out
      occurs under Section 5.5, the Disability benefit a Participant is entitled
      to receive under Section 4.4 will be distributed in the following
      manner:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Form
      of Distribution. A Participant's benefit will be distributed in one
      lump sum payment.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Time
      of Distribution. Distribution will be made under this Section on
      the date distribution is to be made to a Terminated Participant under
      Section 5.4.

              

      

      

      
        	
                5.4

              	
                Distribution
      of Benefit Upon Termination of Employment. Unless a cash-out
      occurs under Section 5.5 or a prior distribution has been under Section
      5.2 or 5.3, the benefit a Terminated Participant is entitled to receive
      under Section 4.5 will be distributed in the following
    manner:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Form
      of Distribution. A Participant's benefit will be distributed in one
      lump sum payment.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Time
      of Distribution. Distribution will be made under this Section
      within an administratively reasonable time after the last day of the Plan
      Year in which termination of  employment occurs, but in no event
      later than the earlier to occur of (1) the date the Terminated Participant
      reaches the Normal (or Early) Retirement Date, or (2) the Required
      Beginning Date. Notwithstanding the foregoing, if a Terminated Participant
      is not reemployed by the Employer at the end of the 5th
      Plan Year following the Plan Year of his or her termination of employment,
      distribution of his or her Company Stock Account must begin not later than
      1 year after the close of the 5th
      Plan Year following the Plan Year in which the Participant incurs such
      termination of employment; but if a Terminated Participant is reemployed
      by the Employer as of the last day of the 5th
      Plan Year following the Plan Year of such termination of employment,
      distribution of his or her Company Stock Account will be postponed until
      the Participant is otherwise entitled to a distribution under the
      Plan.

              

      

      

      
        	
                5.5

              	
                Mandatory
      Cash-Out of Benefits. Effective March 28,
      2005, the Vested Aggregate Account of a terminated Participant who is
      entitled to a distribution and who satisfies the requirements of this
      Section will be distributed without the Participant's consent in
      accordance with the following:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Cashout
      Threshold. The Administrator can only make a distribution under
      this Section if a Participant's Vested Aggregate Account on the date of
      distribution does not exceed $1,000 (including the Participant's Rollover
      Account) (such amount hereafter referred to as the "Cashout Threshold").
      If a Participant would have received a distribution under the preceding
      sentence but for the fact that the Participant's Vested Aggregate Account
      exceeded the Cashout Threshold when the Participant terminated employment,
      and if at a later time the Participant's Vested Aggregate Account is
      reduced to an amount not greater than the Cash-out Threshold in effect at
      that later time, then the Administrator will distribute such amount or
      remaining amount in a lump sum without the Participant’s consent. Any
      portion of the Participant's Account which is not Vested will be treated
      as a Forfeiture.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Time
      and Form of Distribution. Any distribution under this Section will
      be made as soon as administratively feasible after the Participant
      terminates employment (or, if applicable, as soon as administratively
      feasible after a terminated Participant's Vested Aggregate Account no
      longer exceeds the Cash-out Threshold). Distribution will, at the election
      of the Participant, be made in the form of a lump sum cash payment or as a
      direct rollover under Section 5.14. If the Participant fails to make a
      timely election, distribution will made in the form of a lump sum cash
      payment not less than 30 days and not more than 90 days (or such other
      time as permitted by law) after the Code §402(f) notice is provided to the
      Participant.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Deemed
      Distributions. If a Participant's Vested Interest in his or her
      Participant's Account is zero on the date the Participant terminates
      employment, the Participant will be deemed to have received a distribution
      of such Vested Interest on the date of
  termination.

              

      

       

      
        
          
          

        

        
          -
28 -

          
            

          

        

        
          
          

        

      

       

      
        	
                5.6

              	
                Restrictions
      on Immediate Distributions. If a Participant's
      Vested Aggregate Account balance exceeds the amount set forth in paragraph
      (a) of this Section and is immediately distributable, such account can
      only be distributed in accordance with the following
      provisions:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                General
      Rule. If a Participant's Vested Aggregate Account balance
      (determined before taking into account the Participant's Voluntary
      Employee Contributions Account and Rollover Account) exceeds $5,000, or if
      there are remaining payments to be made with respect to a particular
      distribution option that previously commenced, and if such amount is
      immediately distributable the Participant the Participant's Spouse (or
      where either the Participant or Spouse has died, the survivor)), must
      consent to any distribution of such amount. Any portion of the
      Participant's Account which is not Vested will be treated as a Forfeiture.
      If less than the entire Vested Aggregate Account is distributed, the part
      of the non-Vested portion that will be treated as a Forfeiture is the
      total non-Vested portion multiplied by a fraction, the numerator of which
      is the amount of the distribution attributable to Employer contributions
      and the denominator of which is the total value of the Participant's
      Vested Account.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Definition
      of Immediately Distributable. A Participant's benefit is
      immediately distributable if any part could be distributed to the
      Participant (or the Participant's surviving Spouse) before the Participant
      reaches (or would have reached if not deceased) the later of Normal
      Retirement Age or Age 62.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Consent
      Requirement. The consent of the Participant to any benefit that is
      immediately distributable must be obtained in writing within the 90-day
      period ending on the Annuity Starting Date. The Participant is not
      required to consent to a distribution that is required by Code §401(a)(9)
      or §415.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Notification
      Requirement. The Administrator must notify the Participant of the
      right to defer  any distribution until it is no longer
      immediately distributable. Notification will include a general explanation
      of the material features and relative values of the optional forms of
      benefit available in a manner that would satisfy the notice requirements
      of Code §417(a)(3); and will be provided no less than 30 days or more than
      90 days prior to the Annuity Starting Date. However, distribution of a
      Participant's benefit may begin less than 30 days after the such notice is
      given if (1) the Administrator clearly informs the Participant that the
      Participant has a right to a period of at least 30 days after receiving
      notice to consider the decision of whether or not to elect a distribution;
      (2) the Participant, after receiving the notice, affirmatively elects a
      distribution or a particular distribution
  option.

              

      

      

      
        	
                 
      

              	
                (e)

              	
                Consent
      Not Needed on Plan Termination. If upon Plan termination neither
      the Employer nor an Affiliated Employer maintains another defined
      contribution plan other than an employee stock ownership plan (ESOP) as
      defined in Code §4975(e)(7), the Participant's benefit will, without the
      Participant's consent, be distributed to the Participant. If the Employer
      or an Affiliated Employer maintains another defined contribution plan
      other than an ESOP, the Participant's benefit will, without the
      Participant's consent, be transferred to the other plan if the Participant
      does not consent to an immediate distribution under this
      Section.

              

      

      

      
        	
                5.7

              	
                Accounts
      of Rehired Participants. If a Participant who
      does not have a 100% Vested Interest in his or her Participant's Account
      terminates employment with the Employer and receives (or is deemed to have
      received) a distribution of such Vested Interest from the Plan, then upon
      subsequent reemployment with the Employer, his or her Participant's
      Account will be administered in accordance with the
    following:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Reemployment
      of a Participant After 5 Consecutive Breaks in Service. If the
      Participant is reemployed by the Employer after incurring five consecutive
      Breaks in Service, that portion, if any, of his or her Participant's
      Account which was (or was deemed to be) a Forfeiture will be permanently
      forfeited under the terms of this
Plan.

              

      

       

      
        
          
          

        

        
          -
29 -

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (b)

              	
                Reemployment
      of a Non-Vested Participant Before 5 Consecutive Breaks in Service.
      If the Participant is reemployed by the Employer before incurring five
      consecutive Breaks in Service, and if upon the prior termination of
      employment the Participant's Vested Interest in his or her Participant's
      Account was zero and such Participant was deemed to have received a
      distribution of such Vested Interest before the date on which he or she
      would have incurred five consecutive Breaks in Service, then such
      Participant's Account balance attributable to Employer contributions will
      upon such reemployment be restored to the amount on the date of the deemed
      distribution.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                Reemployment
      of a Vested Participant Before 5 Consecutive Breaks in Service. If
      the Participant is reemployed by the Employer before incurring five
      consecutive Breaks in Service, and if upon the prior termination of
      employment the Participant had a Vested Interest in his or her
      Participant's Account but such Vested Interest was less than a 100% Vested
      Interest, then the following will
apply:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                If
      No Forfeiture Has Occurred. If the portion of the Participant's
      Account that was not Vested has not been forfeited, a separate account
      will be established at the time of distribution, and at any relevant time
      the Participant's Vested Interest in the separate account will be an
      amount ("X") determined by the formula X = P (AB + (R x D)) - R x D). In
      applying the formula, "P" is the Vested Interest at the relevant time,
      "AB" is the respective account balance at the relevant time, "D" is the
      amount of the distribution, and "R" is the ratio of the respective account
      balance at the relevant time to the respective account balance
      after  the distribution.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                If
      Forfeiture Has Occurred. If the portion of the Participant's
      Account which was not Vested has been forfeited, such Participant's
      Account balance will be restored to the amount on the date of
      distribution, either (1) by the Participant repaying the full amount of
      the distribution that was attributable to Employer contributions if
      repayment is made before the earlier of five years after the first date on
      which the Participant is subsequently reemployed by the Employer or the
      date on which the Participant incurs five consecutive Breaks in Service
      (or Periods of Severance) following the date of distribution; or (2) by
      first using Forfeitures for such Plan Year to restore the Account and, if
      Forfeitures are insufficient to restore the Account, by the Employer
      making a special contribution to the Plan to the extent necessary to
      restore such Account.

              

      

      

      
        	
                5.8

              	
                Spousal
      Consent Requirements. A surviving Spouse's
      election not to receive a death benefit under Section 5.2 will not be
      effective unless (1) the election is in writing; (2) the election
      designates a specific Beneficiary or form of benefit that cannot be
      changed without spousal consent (or the Spouse's consent expressly permits
      designations by the Participant without any requirement of further spousal
      consent); and (3) the Spouse's consent acknowledges the effect of the
      election and is witnessed by the Administrator or a notary
      public.

              

      

      

      
        	
                5.9

              	
                Application
      of Code §401(a)(9). All distributions will
      be determined and made in accordance with the final and temporary
      Regulations issued by the Internal Revenue Service under Code §401(a)(9)
      on April 17, 2002. Pursuant to those Regulations, all distributions will
      be determined in accordance with the
following:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                General
      Rules. All distributions under this section will be made in
      accordance with these general rules: (1) the requirements of this section
      will take precedence over any inconsistent Plan provisions and any prior
      Plan amendments; (2) all distributions required under this section will be
      determined and made in accordance with Regulations promulgated by the
      Internal Revenue Service under Code §401(a)(9); and (3) notwithstanding
      the other provisions of this section to the contrary, distributions may be
      made under a designation made before January 1, 1984 in accordance with
      §242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the
      provisions of the Plan that relate
thereto.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Time
      and Manner of Distribution. The Participant's entire interest will
      be distributed, or begin to be distributed, to the Participant no later
      than the Participant's Required Beginning Date, subject to the following
      provisions regarding the time and manner of
  distribution:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Death
      Before Distributions Begin. If the Participant dies before
      distribution begins, his or her entire interest will be distributed (or
      begin to be distributed) not later than as
  follows:

              

      

      
        
           

        

        
          -
30 -

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (A)

              	
                The
      Surviving Spouse Is the Sole Designated Beneficiary. If the
      Participant's surviving Spouse is the sole designated Beneficiary, then
      subject to subparagraph (D), distributions to the surviving Spouse will
      begin by (1) December 31 of the calendar year immediately following the
      calendar year in which the Participant died, or (2) December 31 of the
      calendar year in which the Participant would have attained age 701⁄2, if
      later. If the surviving Spouse subsequently dies before distributions to
      the surviving Spouse begin under this subparagraph, this entire paragraph
      (b), other than the preceding clause of this subparagraph (A), will apply
      as if the surviving Spouse were the
Participant.

              

      

       

      
        	
                 
      

              	
                (B)

              	
                The
      Surviving Spouse Is Not the Sole Designated Beneficiary. If the
      Participant's surviving Spouse is not the sole designated Beneficiary,
      then subject to subparagraph (D) below, distributions to the designated
      Beneficiary will begin by December 31 of the calendar year immediately
      following the calendar year in which the Participant
  died.

              

      

      

      
        	
                 
      

              	
                (C)

              	
                There
      Is No Designated Beneficiary. If there is no designated Beneficiary
      as of September 30 of the year following the year of the Participant's
      death, the Participant's entire interest will be distributed by December
      31 of the calendar year containing the fifth anniversary of the
      Participant's death.

              

      

      

      
        	
                 
      

              	
                (D)

              	
                Alternative
      Distribution Date. If the Participant dies before distributions
      begin and there is a designated Beneficiary, distribution to the
      designated Beneficiary is not required to begin by the date specified in
      subparagraphs (A) and (B) above provided the Participant's entire interest
      in the Plan is distributed to the designated Beneficiary by December 31st
      of the calendar year containing the fifth anniversary of the Participant's
      death. In addition, a designated Beneficiary who is receiving payments
      under this five year rule may make a new election to receive payments
      under the Life Expectancy rule until December 31, 2003, provided that all
      amounts that would have been required to be distributed under the Life
      Expectancy rule for all Distribution Calendar Years before 2004 are
      distributed by the earlier of December 31, 2003 or the end of the five
      year period.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                Date
      Distributions Are Deemed To Begin. For purposes of this paragraph
      (b) and paragraph (d), unless subparagraph (1)(A)(ii) above applies,
      distributions are considered to begin on the Participant's Required
      Beginning Date. If subparagraph (1)(A)(ii) applies, distributions are
      considered to begin on the date distributions are required to begin to the
      surviving Spouse under subparagraph (1)(A)(I) above. If distributions
      under an annuity purchased from an insurance company irrevocably commence
      to the Participant before the Participant's Required Beginning Date (or to
      the Participant's surviving Spouse before the date distributions are
      required to begin to the surviving Spouse under subparagraph (1)(A)(I)),
      the date distributions are considered to begin is the date distributions
      actually commence.

              

      

      

      
        	
                 
      

              	
                (3)

              	
                Forms
      of Distribution. Unless the Participant's interest is distributed
      in the form of an annuity purchased from an insurance company or in a
      single sum on or before the Required Beginning Date, as of the first
      Distribution Calendar Year distributions will be made in accordance with
      this paragraph and paragraph (c). If a Participant's interest is
      distributed as an annuity purchased from an insurance company,
      distributions thereunder will be made in accordance with the requirements
      of Code §401(a)(9) and the Internal Revenue Service
      Regulations.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Required
      Minimum Distributions During the Participant's Lifetime. The amount
      of a required minimum distribution during a Participant's lifetime will be
      determined as follows:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Amount
      of Required Distribution for Each Distribution Calendar Year.
      During the Participant's lifetime, the minimum amount that will be
      distributed each Distribution Calendar Year is the lesser of (1) the
      quotient obtained by dividing the Participant's Account Balance by the
      distribution period in the Uniform Lifetime Table in §1.401(a)(9)-9 of the
      IRS Regulations, using the Participant's age as of his or her birthday in
      the Distribution Calendar Year; or (2) if the Participant's sole
      designated Beneficiary for the Distribution Calendar Year is the
      Participant's Spouse, the quotient obtained by dividing the Participant's
      account balance by the number in the Joint and Last Survivor Table in
      §1.401(a)(9)-9 of the IRS Regulations, using the Participant's and
      Spouse's attained ages as of the Participant's and Spouse's birthdays in
      the Distribution Calendar Year.

              

      

      
        
           

        

        
          -
31 -

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (2)

              	
                Lifetime
      Required Distributions Continue Through Year of Participant's
      Death. Required minimum distributions will be determined under this
      paragraph (c) beginning with the first Distribution Calendar Year and up
      to and including the Distribution Calendar Year that includes the
      Participant's date of death.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                Required
      Minimum Distributions After the Participant's Death If Death Occurs On or
      After the Date Distribution Begins. The amount of a required
      minimum distribution if a Participant dies on or after the date
      distribution begins will be determined as
  follows:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Participant
      Survived by Designated Beneficiary. If the Participant dies on or
      after the date distributions begin and there is a designated Beneficiary,
      the minimum amount that will be distributed each Distribution Calendar
      Year after the year of the Participant's death is the quotient obtained by
      dividing the Participant's Account Balance by the longer of the remaining
      Life Expectancy of the Participant or the remaining Life Expectancy of the
      designated Beneficiary, determined as follows: (1) the Participant's
      remaining Life Expectancy is calculated using the age of the Participant
      in the year of death, reduced by one for each subsequent year; (2) if the
      Participant's surviving Spouse is the sole designated Beneficiary, the
      remaining Life Expectancy of the Spouse is calculated for each
      Distribution Calendar Year after the year of the Participant's death using
      the surviving Spouse's age as of the Spouse's birthday in that year. For
      Distribution Calendar Years after the year of the surviving Spouse's
      death, the remaining Life Expectancy of the surviving Spouse is calculated
      using the age of the surviving Spouse as of the Spouse's birthday in the
      calendar year of the Spouse's death, reduced by one for each subsequent
      calendar year; and (3) if the Participant's surviving Spouse is not the
      Participant's sole designated Beneficiary, the designated Beneficiary's
      remaining Life Expectancy is calculated using the age of the Beneficiary
      in the year following the year of the Participant's death, reduced by one
      for each subsequent year.

              

      

      

      
        	
                 
      

              	
                (2)

              	
                No
      Designated Beneficiary. If the Participant dies on or after the
      date distributions begin and there is no designated Beneficiary as of
      September 30 of the year after the year of the Participant's death, the
      minimum amount that will be distributed for each Distribution Calendar
      Year after the year of the Participant's death is the quotient obtained by
      dividing the Participant's Account Balance by the Participant's remaining
      Life Expectancy calculated using the age of the Participant in the year of
      death, reduced by one each subsequent
year.

              

      

      

      
        	
                 
      

              	
                (e)

              	
                Required
      Minimum Distributions After the Participant's Death If Death Occurs Before
      the Date Distribution Begins. The amount of a required minimum
      distribution if a Participant dies before the date distribution begins
      will be determined as follows:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Participant
      Survived by Designated Beneficiary. If the Participant dies before
      the date distributions begin and there is a designated Beneficiary, the
      minimum amount that will be distributed for each Distribution Calendar
      Year after the year of the Participant's death is the quotient obtained by
      dividing the Participant's Account Balance by the remaining Life
      Expectancy of the Participant's designated Beneficiary, as determined
      under paragraph (d).

              

      

      

      
        	
                 
      

              	
                (2)

              	
                No
      Designated Beneficiary. If the Participant dies before the date
      distributions begin and there is no designated Beneficiary as of September
      30 of the year following the year of the Participant's death, distribution
      of the Participant's entire interest will be completed by December 31 of
      the calendar year containing the fifth anniversary of the Participant's
      death.

              

      

       

      
        
          
          

        

        
          -
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                (3)

              	
                Death
      of Surviving Spouse Before Distributions to Surviving Spouse Are Required
      to Begin. If the Participant dies before the date distributions
      begin, the Participant's surviving Spouse is the Participant's sole
      designated Beneficiary, and the surviving Spouse dies before distributions
      are required to begin to the surviving Spouse under paragraph (b)(1)(A)(1)
      above, then this paragraph (e) will apply as if the surviving Spouse were
      the Participant.

              

      

       

      
        	
                 
      

              	
                (f)

              	
                Definitions.
      In applying the terms of this section, the following definitions will
      apply:

              

      

      

      
        	
                 
      

              	
                (1)

              	
                Designated
      Beneficiary. "Beneficiary" means the Beneficiary designated by the
      Participant is the designated Beneficiary under Code §401(a)(9) and
      §1.401(a)(9)-1, Q&A-4 of the Internal Revenue Service
      Regulations.

              

      

       

      
        	
                 
      

              	
                (2)

              	
                Distribution
      Calendar Year. "Distribution Calendar Year" means a calendar year
      for which a minimum distribution is required. For distributions beginning
      before the Participant's death, the first Distribution Calendar Year is
      the calendar year immediately preceding the calendar year containing the
      Participant's Required Beginning Date. For distributions beginning after
      the Participant's death, the first Distribution Calendar Year is the
      calendar year in which distributions are required to begin under paragraph
      (b). The required minimum distribution for the Participant's first
      Distribution Calendar Year will be made on or before the Participant's
      Required Beginning Date. The required minimum distribution for any other
      Distribution Calendar Year, including the required minimum distribution
      for the Distribution Calendar Year in which the Participant's Required
      Beginning Date occurs, will be made on or before December 31 of that
      Distribution Calendar Year.

              

      

      

      
        	
                 
      

              	
                (3)

              	
                Life
      Expectancy. "Life Expectancy" means life expectancy as computed by
      use of the Single Life Table in IRS Regulation
    §1.401(a)(9)-9.

              

      

      

      
        	
                 
      

              	
                (4)

              	
                Participant's
      Account Balance. "Participant's Account Balance" means the Account
      balance as of the last Valuation Date in the calendar year immediately
      preceding the Distribution Calendar Year (valuation calendar year)
      increased by the amount of any contributions made and allocated or
      forfeitures allocated to the Account balance as of dates in the valuation
      calendar year after the Valuation Date and decreased by distributions made
      in the valuation calendar year after the Valuation Date. The Account
      balance for the valuation calendar year includes any amounts rolled over
      or transferred to the Plan either in the valuation calendar year or in the
      Distribution Calendar Year if distributed or transferred in the valuation
      calendar year.

              

      

      

      
        	
                5.10

              	
                Statutory
      Commencement of Benefits. Unless the Participant
      otherwise elects, distribution of a Participant's benefit must begin no
      later than the 60th day after the latest of the close of the Plan Year in
      which the Participant (1) reaches the earlier of Age 65 or Normal
      Retirement Age; (2) reaches the 10th anniversary of the year he or she
      began Plan participation; or (3) terminates service with the Employer.
      However, the failure of a Participant to consent to a distribution while a
      benefit is immediately distributable within the meaning of Section 5.6(b)
      will be deemed to be an election to defer commencement of payment of any
      benefit sufficient to satisfy this Section. In addition, if this Plan
      provides for early retirement, a Participant who satisfied the service
      requirement (if any) set forth in the definition of Early Retirement Age
      in Section 1.21 prior to termination of employment will be entitled to
      receive his or her Vested Aggregate Account balance (if any) upon
      satisfaction of the age requirement (if any) set forth in the definition
      of Early Retirement Age.

              

      

      

      
        	
                5.11

              	
                Earnings
      Before Benefit Distribution. As of the Valuation
      Date coinciding with or next following the date a Participant terminates
      employment with the Employer for any reason, the Administrator will, until
      a distribution is made to the Participant or the Participant's Beneficiary
      in accordance with Sections 5.1, 5.2, 5.3, 5.4 or 5.5, direct the Trustee
      in a uniform nondiscriminatory manner to either (1) invest the
      Participant's Vested Aggregate Account balance determined as of such
      Valuation Date in a separate interest bearing account; or (2) leave the
      Participant's Vested Aggregate Account balance as part of the general
      Trust Fund, in which case such account will either (A) share in the
      allocation of net earnings and losses under Section 3.4, or (B) be granted
      interest at a rate consistent with the interest bearing investments of the
      Trust Fund.

              

      

       

      
        
          
          

        

        
          -
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                5.12

              	
                Distribution
      in the Event of Legal Incapacity. If any person entitled
      to benefits (the "Payee") suffers from a Disability or is under any legal
      incapacity, payments may be made in one or more of the following ways as
      directed by the Administrator: (1) to the Payee directly; (2) to the
      guardian or legal representative of the Payee's person or estate; (3) to a
      relative of the Payee, to be expended for the Payee's benefit; or (4) to
      the custodian of the Payee under any Uniform Transfers to Minors Act or
      Uniform Gifts to Minors Act. The Administrator's determination of minority
      or incapacity will be final.

              

      

      

      
        	
                5.13

              	
                Missing
      Payees and Unclaimed Benefits. With respect to a
      Participant or Beneficiary who has not claimed any benefit (the "missing
      payee") to which such missing payee is entitled, and with respect to any
      Participant or Beneficiary who has not satisfied the administrative
      requirements for benefit payment, the Administrator may elect to either
      (1) to segregate the benefit into an interest bearing account, in which
      event an annual maintenance fee as may be set from time to time in a
      written administrative policy established by the Sponsoring Employer may
      be assessed against the segregated account; (2) subject to a written
      administrative policy established by the Administrator, distribute the
      benefit at any time in any manner which is sanctioned by the Internal
      Revenue Service and/or the Department of Labor; or (3) treat the entire
      benefit as a Forfeiture. If a missing payee whose benefit has been
      forfeited is located, or if a payee whose benefit has been forfeited for
      failure to satisfy the administrative requirements for benefit payment
      subsequently satisfies such administrative requirements and claims his or
      her benefit, and if the Plan has not terminated (or if the Plan has
      terminated, all benefits have not yet been paid), then the benefit will be
      restored. The Administrator, on a case by case basis, may elect to restore
      the benefit by the use of earnings from non-segregated assets of the Fund,
      by Employer contributions, or by any combination thereof. However, if any
      such payee has not been located (or satisfied the administrative
      requirements for benefit payment) by the time the Plan terminates and all
      benefits have been distributed from the Plan, the Forfeiture of such
      unpaid benefit will be irrevocable.

              

      

      

      
        	
                5.14

              	
                Direct
      Rollovers.
      A distributee may elect to have all or any portion of an eligible rollover
      distribution paid directly to an eligible retirement plan specified by the
      distributee in a direct rollover, which is a payment by the Plan to the
      eligible retirement plan specified by the
  distributee.

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Eligible
      Rollover Distribution. An eligible rollover distribution is any
      distribution of all or any portion of the balance to the credit of the
      distributee, except that an eligible rollover distribution does not
      include (1) any distribution that is one of a series of substantially
      equal periodic payments (not less frequently than annually) made for the
      life (or life expectancy) of the distributee or the joint lives (or joint
      life expectancies) of the distributee and the distributee's designated
      beneficiary, or for a specified period of ten years or more; (2) any
      distribution to the extent such distribution is required under Code
      §401(a)(9); (3) the portion of any distribution that is not includible in
      gross income (determined without regard to the exclusion for net
      unrealized appreciation with respect to Employer securities); (4) the
      portion of any distribution which is attributable to a hardship
      distribution; and (5) any other distribution that is reasonably expected
      to total less than $200 during a
year.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Treatment
      of Distributions That Include Voluntary Employee Contributions. For
      purposes of paragraph (a) (and for only for Plan Years beginning on or
      after January 1, 2002), an eligible rollover distribution may include
      Voluntary Employee Contributions that are not includible in gross income;
      but the portion of an eligible rollover distribution that is attributable
      to Voluntary Employee Contributions can be paid only to an individual
      retirement account or annuity described in Code §408(a) or (b), or to a
      qualified defined contribution plan described in Code §401(a) or §403(a)
      that agrees to separately account for amounts so transferred, including
      separately accounting for the portion of such distribution that is
      includible in gross income and the portion of such distribution that is
      not so includible. Furthermore, in accordance with the Job Creation and
      Worker Assistance Act of 2002, when a distribution includes Voluntary
      Employee Contributions that are not includible in gross income, the amount
      that is rolled over will first be attributed to amounts includible in
      gross income.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Treatment
      of Distributions That Include Roth Elective Deferrals. For purposes
      of paragraph (a), an eligible rollover distribution may include Roth
      Elective Deferrals that are not includible in gross income; but the
      portion of an eligible rollover distribution that is attributable to Roth
      Elective Deferrals can be paid only to an individual retirement account or
      annuity described in Code §408(a) or (b), or to a qualified defined
      contribution plan described in Code §401(a) or §403(a) that separately
      accounts for Roth Elective Deferrals. The Plan will not provide for a
      direct rollover (including an automatic rollover) for distributions from a
      Participant's Roth Elective Deferral Account if the amount of the eligible
      rollover distributions are reasonably expected to total less than $200
      during a year (determined without taking into account distributions from a
      Participant's Roth Elective Deferral
Account).

              

      

      
        
           

        

        
          -
34 -

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (d)

              	
                Eligible
      Retirement Plan. For Plan Years beginning on or after January 1,
      2002, an eligible retirement plan is one of the following that accepts an
      eligible rollover distribution: (1) an individual retirement account
      described in Code §408(a); (2) an individual retirement annuity described
      in Code §408(b); (3) an annuity plan described in Code §403(a); (4) an
      annuity contract described in Code §403(b); (5) a qualified trust
      described in Code §401(a); or (6) a plan under Code §457(b) which is
      maintained by a state, political subdivision of a state, or any agency or
      instrumentality of a state or political subdivision of a state and which
      agrees to separately account for amounts transferred thereto from this
      Plan.

              

      

      

      
        	
                 
      

              	
                (e)

              	
                Definition
      of Distributee. A distributee includes an Employee or former
      Employee. In addition, an Employee's or former Employee's surviving Spouse
      and an Employee's or former Employee's Spouse or former Spouse who is the
      alternate payee under a qualified domestic relations order as defined in
      Code §414(p), are distributees with regard to the interest of the Spouse
      or former Spouse.

              

      

      

      
        	
                5.15

              	
                Form
      of Distribution. All distributions made
      under the other provisions of this Article 5 will be in the form of cash
      or Company Stock, or both, subject to the following
      provisions:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Participant
      May Demand Company Stock. Prior to making a distribution, the
      Administrator will advise a Participant or Beneficiary in writing of his
      or her right to demand that benefits be distributed solely in Company
      Stock. If the Participant or Beneficiary fails to make such demand in
      writing within 90 days after receipt of such written notice, the
      Participant's Vested Aggregate Account will be distributed in the form of
      Company Stock to the extent it is allocated to the Participant's Company
      Stock Account, and the balance, if any, of the Vested Aggregate Account
      will be distributed in cash.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Stock
      Must Be Distributed In Whole Shares. If a Participant or
      Beneficiary demands that benefits be distributed solely in Company Stock,
      distribution will be made entirely in whole shares of Company Stock. Any
      balance in a Participant's Account not attributable to Company Stock will
      be applied by the Trustee to acquire for distribution the maximum number
      of whole shares of Company Stock at the then fair market value. Any
      unexpended balance in the Participant's Account will be distributed in
      cash. If the Trustee is unable to purchase the Company Stock required for
      the distribution, the Trustee will make distribution in cash within one
      year after the date the distribution was to have been made, except in the
      case of a retirement distribution which must be made within 60 days after
      the close of the Plan Year in which retirement
  occurs.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Restrictions
      on Distributed Stock. Except as provided herein, distributed
      Company Stock may be restricted as to sale or transfer by the by-laws or
      articles of incorporation of the Employer if the restrictions are
      applicable to all Company Stock of the same class. If a Participant is
      required to offer the sale of his or her Company Stock to the Employer
      before offering it to a third party, the Employer may not pay a price less
      than that offered to the distributee by another potential buyer making a
      bona fide offer, and the Trustee may not pay a price less than the fair
      market value of the Company Stock.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Multiple
      Classes of Company Stock Acquired With Exempt Loan. If Company
      Stock which was acquired with an Exempt Loan and which is available for
      distribution consists of more than one class of stock, a Participant's or
      Beneficiary's distribution must receive substantially the same proportion
      of each such class of such stock.

              

      

      

      
        	
                5.16

              	
                Cash
      Dividends on Company Stock. At the discretion of
      the Administrator, cash dividends received on Company Stock allocated to
      Participants' Company Stock Accounts may be distributed currently (or
      within 90 days after the end of the Plan Year in which such dividends are
      paid to the Plan) in cash to such Participants on a nondiscriminatory
      basis. Any such distribution of cash dividends will be limited to
      Participants who are still Employees, and will be further limited to
      dividends on shares of Company Stock in which each such Participant has a
      Vested Interest.

              

      

       

      
        
          
          

        

        
          -
35 -

          
            

          

        

        
          
          

        

      

       

      
        	
                5.17

              	
                Right
      of First Refusal.
      If Company Stock that is not readily tradeable on an established
      securities market is distributed to a Participant, then except as
      otherwise provided in this Section, if any Participant, Beneficiary, or
      any other person to whom Company Stock is distributed (all such persons
      hereafter called the Selling Participant) at any time desires to sell some
      or all of such shares (such shares hereafter called the Offered Shares) to
      a third party (such third party hereafter called the Third Party), then
      the Selling Participant must give written notice of such desire to the
      Employer and the Administrator, subject to the following
      provisions:

              

      

       

      
        	
                 
      

              	
                (a)

              	
                Requirements
      of Written Notice. The written notice required to be given
      hereunder must contain the number of shares offered for sale, the proposed
      terms of the sale, and the names and addresses of both the Selling
      Participant and the Third Party.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Trust
      Fund and Employer. Both the Plan and Employer will have the right
      of first refusal for a period of 14 days from the date the Selling
      Participant gives written notice to the Employer and Administrator (such
      14 day period to run concurrently against the Plan and the Employer) to
      acquire the Offered Shares. As between the Plan and Employer, the Plan has
      priority to acquire the shares pursuant to the right of first refusal. The
      selling price and terms will be the same as offered by the Third
      Party.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Third
      Parties. If the Plan and the Employer do not exercise their
      respective rights of first refusal within the required 14 day period
      provided above, the Selling Participant will have the right, at any time
      following the expiration of such 14 day period, to dispose of the Offered
      Shares to the Third Party, provided, however, that no disposition will be
      made to the Third Party on terms more favorable to the Third Party than
      those set forth in the written notice delivered by the Selling
      Participant. If a Third Party is offered terms more favorable than those
      set forth in the written notice delivered to the Plan and the Employer,
      then the Offered Shares will again be subject to the right of first
      refusal.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Time
      of Closing. The closing pursuant to the exercise of the right of
      first refusal will take place at such place as is agreed upon between the
      Administrator and the Selling Participant, but not later than 10 days
      after the Employer or the Plan has notified the Selling Participant of the
      exercise of the right of first refusal. At closing, the Selling
      Participant will deliver certificates representing the Offered Shares duly
      endorsed in blank for transfer, or with stock powers attached duly
      executed in blank with all required transfer tax stamps attached or
      provided for, and the Employer or the Trustee will deliver the purchase
      price, or an appropriate portion thereof, to the Selling
      Participant.

              

      

      

      
        	
                 
      

              	
                (e)

              	
                Stock
      Acquired With an Exempt Loan. Notwithstanding the foregoing,
      Company Stock acquired with an Exempt Loan will be subject to a right of
      first refusal only for so long as such stock is not publicly traded on an
      established securities market. The selling price and other terms under the
      right of first refusal must not be less favorable to the seller than the
      greater of (1) the value of the Company Stock as determined under
      regulation §54.4975-11(d)(5), or (2) the purchase price of the Company
      Stock and other terms offered by a buyer (other than the Employer or the
      Plan) making a good faith offer to purchase such stock. The right of first
      refusal must lapse no later than 14 days after the Selling Participant
      gives written notice to the Administrator and Employer that an offer from
      a Third Party has been received for the Offered Shares. The right of first
      refusal will comply with paragraphs (a) through (c) above, except to the
      extent they conflict with this
paragraph.

              

      

      

      
        	
                5.18

              	
                Put
      Option. If
      Company Stock that is not readily tradeable on an established securities
      market is distributed to a Participant, he or she will have a right to
      require the Employer to repurchase such Company Stock under a fair
      valuation formula, subject to the following
  provisions:

              

      

      

      
        	
                 
      

              	
                (a)

              	
                Stock
      Acquired With an Exempt Loan. Company Stock acquired with an Exempt
      Loan will be subject to a put option if (1) such stock is not readily
      tradeable as set forth above, or (2) if such stock is subject to a trading
      limitation when distributed. For purposes of this Section, a trading
      limitation is a restriction under any federal or state securities law, or
      an agreement, not prohibited by this Section, which would make such stock
      not as freely tradeable as stock not subject to such
      restriction.

              

      

       

      
        
          
          

        

        
          -
36 -

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (b)

              	
                Conditions
      of Exercise. The put option may only be exercised by a Participant,
      by the Participant's donees, or by a person (including an estate or its
      distributee) to whom the Company Stock passes upon a Participant's death.
      The put option must permit a Participant to put the Company Stock to the
      Employer. Under no circumstances may the put option bind the Plan, but it
      must grant the Plan an option to assume the rights and obligations of the
      Employer at the time the put option is exercised. If it is known at the
      time a loan is made that federal or state law will be violated by the
      Employer's honoring such put option, the put option must permit the
      Company Stock to be put, in a manner consistent with law, to a third party
      (for example, an affiliate of the Employer or a shareholder other than the
      Plan) that has substantial net worth at the time the Exempt Loan is made
      and whose net worth is reasonably expected to remain
      substantial.

              

      

      
        	
                 
      

              	
                (c)

              	
                Duration
      of Put Option. The put option will begin as of the day following
      the date the Company Stock is distributed and end 60 days thereafter. If
      not exercised within the 60-day period, an additional 60 day-period will
      begin on the first day after the new determination of the value of the
      Company Stock by the Trustee in the following Plan Year. With respect to
      Company Stock that is publicly traded without restrictions when
      distributed but ceases, after distribution, to be so traded within either
      of the 60-day periods described above, the Employer must notify each
      holder thereof in writing on or before the 10th day after the date the
      stock ceases to be so traded that for the remainder of the applicable
      60-day period the stock is subject to the put option. The notice must
      inform distributees of the terms of the put option that they are to hold,
      and the terms must satisfy the requirements of this
      Section.  The period during which a put option is exercisable
      does not include any time when a distributee is unable to exercise it
      because the party bound by the option is prohibited from honoring it by
      federal or state law.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Manner
      of Exercise. The put option will be exercised by the holder
      notifying the Employer in writing that the put option is being
      exercised. The notice will state the name and address of the holder
      and the number of shares to be
sold. 

              

      

      

      
        	
                 
      

              	
                (e)

              	
                Terms
      of Payment. The price at which a put option must be exercised is
      the value of the Company Stock determined by an independent appraiser as
      of the Valuation Date coinciding with or immediately preceding the date of
      distribution. Payment must be reasonable. The deferral of payment is
      reasonable if adequate security and reasonable interest are provided for
      any credit extended and if the cumulative payments at any time are not
      less than the aggregate of reasonable periodic payments as of such
      time.  Periodic payments are reasonable if annual installments,
      beginning 30 days after the date the put option is exercised, are
      substantially equal. The payment period may generally not be more than 5
      years after the date the put option is exercised, but it may be extended
      to a date no later than the earlier of 10 years from the date the put
      option is exercised or the date the proceeds of the loan used by the Plan
      to acquire the Company Stock subject to the put option are entirely
      repaid. 

              

      

      

      
        	
                 
      

              	
                (f)

              	
                Payment
      Restrictions. Payment under a put option cannot be restricted by
      the provisions of a loan or any other arrangement, including the terms of
      the Employer's articles of incorporation or bylaws, unless so required
      under applicable state law. An arrangement involving the Plan that creates
      a put option cannot provide for the issuance of put options other than
      provided for under this Section. The Plan cannot otherwise obligate itself
      to acquire Company Stock from a particular holder thereof at an indefinite
      time determined upon the happening of an event such as the death of the
      holder.

              

      

      

      
        	
                 
      

              	
                (g)

              	
                Payment
      Requirements for Total Distributions. Notwithstanding the
      foregoing, and with respect to Company Stock which is not readily
      tradeable and which is acquired after December 31, 1986, if a distribution
      of such stock constitutes a Total Distribution, payment of the fair market
      value of a Participant's Company Stock Account will be made in 5
      substantially equal annual payments. The first installment will be paid
      not later than 30 days after the Participant exercises the put option. The
      Plan will pay a reasonable rate of interest and provide adequate security
      on amounts not paid after 30 days. For purposes of
      this  Section, the term Total Distribution means the
      distribution with one taxable year to the recipient of the balance of his
      Company Stock Account.

              

      

       

      
        
          
          

        

        
          -
37 -

          
            

          

        

        
          
          

        

      

       

      
        	
                 
      

              	
                (h)

              	
                Payment
      Requirements for Installment Distributions. Notwithstanding
      paragraph (g) above, if the distribution does not constitute a Total
      Distribution, the Plan will pay the Participant an amount equal to the
      fair market value of the Company Stock repurchased no later than 30 days
      after the Participant exercises the put
option.

              

      

       

      
        	
                5.19

              	
                Non-Terminable
      Rights and Protections. Except as otherwise
      provided in Sections 5.17 and 5.18, no Company Stock acquired with an
      Exempt Loan may be subject to a put, call, or other option, or buy-sell or
      similar arrangement when held by and distributed from the Plan, whether or
      not the Plan is then an Employee Stock Ownership Plan (ESOP). The rights
      and protections granted in this Section and in Sections 5.17 and 5.18 are
      non-terminable and will continue to exist under the terms of the Plan as
      long as any Company Stock acquired with an Exempt Loan is held by the Plan
      or by any Participant or any other person for whose benefit such
      protections and rights have been created, and neither the repayment of
      such loan nor the failure of the Plan to be an ESOP, nor any amendment of
      the Plan, will cause a termination of the protections and
      rights.

              

      

      

      
        	
                5.20

              	
                Mandatory
      Put Options for S and Certain Other Corporations. If  the
      Employer is an S Corporation as defined in Code §1361, or if the charter
      or by-laws of the Employer restrict the ownership of substantially all
      outstanding Company Stock to Employees or the Trust, distribution of a
      Participant's Vested Interest in his or her Company Stock Account will be
      made in whole shares of Company Stock subject to the requirement that the
      distributee must immediately exercise a put option as described in Section
      5.18 of the Plan with respect to such shares of Company Stock. The value
      of any fractional shares will be distributed in
  cash.

              

      

       

      
        	
                5.21

              	
                Required
      Cash Distribution for Certain Banks. If the Employer is a
      bank as defined in Code §581 which is prohibited by law from redeeming or
      purchasing its own securities, the Employer may distribute a Participant's
      Plan benefit solely in the form of cash notwithstanding a Participant's
      right as otherwise set forth in the Plan to receive a distribution of
      Company Stock.

              

      

      

      
        	
                5.22

              	
                Financial
      Hardship Distributions. Hardship distributions
      are not permitted

              

      

      

      
        	
                5.23

              	
                In-Service
      Distributions.
      Except as may otherwise be permitted under Section 4.2, no
      distributions are permitted before a Participant terminates employment
      with the Employer.

              

      

      

      
        	
                5.24

              	
                Distribution
      of Rollover Contributions. Such contributions
      are not permitted

              

      

      

      
        	
                5.25

              	
                Distribution
      of Transfer Contributions. A Participant's
      Transfer Contributions will be distributed at the same time and in the
      same manner as the Participant's Account under Sections 5.1, 5.2, 5.3 or
      5.4.

              

      

      

      
        	
                5.26

              	
                Distribution
      of Voluntary Employee Contributions.
      Such
      contributions are not
permitted

              

      

      
        
           

        

        
          -
38 -

          
            

          

        

        
           

        

      

    Article
6

    Code
§ 415 Limitations

    

    
      	
              6.1

            	
              Maximum
      Annual Additions. The maximum Annual
      Addition (as defined in paragraph (c) below) made to a Participant's
      various accounts maintained under the Plan for any Limitation Year will
      not exceed the lesser of the Dollar Limitation in Section 6.1(a) or the
      Compensation Limitation Section 6.1(b) below, as
  follows:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Dollar
      Limitation. For Limitation Years beginning on or after January 1,
      2002, the Dollar Limitation is  $40,000 as adjusted in
      accordance with Code §415(d).

            

    

    

    
      	
               
      

            	
              (b)

            	
              Compensation
      Limitation. For Limitation Years beginning on or after January 1,
      2002, the Compensation Limitation is an amount equal to 100% of the
      Participant's Compensation for the Limitation Year. However, this
      limitation will not apply to any contribution made for medical benefits
      within the meaning of Code §401(h) or Code §419A(f)(2) after termination
      of employment which is otherwise treated as an Annual Addition under Code
      §415(l)(1) or Code §419A(d)(2).

            

    

    

    
      	
               
      

            	
              (c)

            	
              Annual
      Additions. Annual Additions are the sum of the following amounts
      credited to a Participant's Account for the Limitation Year: (1) Employer
      contributions; (2) Employee contributions; (3) Forfeitures; (4) amounts
      allocated, after March 31, 1984, to an individual medical account, as
      defined in Code §415(l)(2), which is part of a pension or annuity plan
      maintained by the Employer; and (5) amounts derived from contributions
      paid or accrued after December 31, 1985, in taxable years ending after
      such date, that are attributable to post-retirement medical benefits,
      allocated to the separate account of a Key Employee, as defined in Code
      §419A(d)(3), under a welfare fund, as defined in Code §419(e), maintained
      by the Employer. However, a Participant's Annual Additions do not include
      Rollover Contributions, Transfer Contributions, loan repayments, Catch-up
      Contributions, repayments of prior Plan distributions or prior
      distributions of mandatory contributions, deductible contributions to a
      SEP, or voluntary deductible
contributions.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Special
      ESOP Rules. For purposes of this Section, (1) in determining the
      amount of the Employer's contribution for purposes of paragraph (a) and
      (b) above, the amount of Employer contributions will be determined based
      upon the lesser of (A) the fair market value of the Company Stock
      allocated to the Participant's Account from Employer contributions to the
      Plan (determined at the time of the contribution by the most recent
      valuation) plus any contributions which are not used to purchase Company
      Stock or pay on an Exempt Loan; and (B) the amount of the Employer's cash
      contribution to the Plan; and (2) in any Plan Year in which the Employer
      is not an S Corporation as defined in Code §1361, if no more than
      one-third of Employer contributions for that Plan Year that are deductible
      under Code §404(a)(9) are allocated to HCEs, the limitations of this
      Section will not apply to Forfeitures of Company Stock that was acquired
      with an Exempt Loan or to Employer contributions that are deductible under
      Code §404(a)(9)(B) and are charged against a Participant's
      Account.

            

    

    

    
      	
              6.2

            	
              Adjustments
      to Maximum Annual Addition. In applying the
      limitation on Annual Additions set forth in Section 6.1 the following
      adjustments must be made:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Short
      Limitation Year. In a Limitation Year of less than 12 months, the
      Defined Contribution Dollar Limitation in Section 6.1(a) will be adjusted
      by multiplying it by the ratio that the number of months in the short
      Limitation Year bears to 12.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Multiple
      Defined Contribution Plans. If a Participant participates in
      multiple defined contribution plans sponsored by the Employer and such
      plans have different Anniversary Dates, the maximum Annual Addition in
      this Plan for the Limitation Year will be reduced by the Annual Additions
      credited to the Participant's accounts in the other defined contribution
      plans during the Limitation Year. If a Participant participates in
      multiple defined contribution plans sponsored by the Employer and such
      plans have the same Anniversary Date, then (1) if only one of the plans is
      subject to Code §412, Annual Additions will first be credited to the
      Participant's account in the plan subject to Code §412; and (2) if more
      than one of the plans is subject to Code §412, the maximum Annual Addition
      in this Plan for a given Limitation Year will be equal to the product of
      the maximum Annual Addition for such Limitation Year minus any other
      Annual Additions previously credited to the Participant's account under
      clause (1) above, multiplied by the ratio that the Annual Additions which
      would be credited to a Participant's accounts hereunder without regard to
      the limitations in Section 6.1 bears to the Annual Additions for all plans
      described in this clause (2).

            

    

    
      
         

      

      
        -
39 -

        
          

        

      

      
         

      

    

     

    
      	
              6.3

            	
              Multiple
      Plans and Multiple Employers. All defined benefit
      plans (whether terminated or not) sponsored by the Employer will be
      treated as one defined benefit plan, and all defined contribution plans
      (whether terminated or not) sponsored by the Employer will be treated as
      one defined contribution plan. In addition, all Affiliated Employers will
      be considered a single Employer.

            

    

    

    
      	
              6.4

            	
              Adjustment
      for Excessive Annual Additions. If for any Limitation
      Year the Annual Additions allocated to a Participant's Account exceeds the
      maximum amount permitted under Section 6.1 because of an allocation of
      Forfeitures, a reasonable error in estimating a Participant's
      Compensation, a reasonable error in determining the amount of elective
      contributions (within the meaning of Code §402(g)(3)), or because of other
      limited facts and circumstances that the Commissioner finds justify the
      availability of the rules set forth in this Section, then such
      Participant's Account will be adjusted as follows to reduce the excess
      Annual Additions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Return
      of Employee Contributions. First, Voluntary Employee Contributions,
      if any, to the extent that they would reduce the excess amount, will be
      calculated, and such Voluntary Employee Contributions plus earnings
      attributable thereto, will be returned to the
  Participant.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Excess
      Used To Reduce Employer Contributions If Participant Is Still Covered By
      The Plan. If, after applying paragraph (a), an excess amount still
      exists and the Participant is covered by the Plan at the end of the
      Limitation Year, the excess in the Participant's Account plus applicable
      earnings thereon, if any, will be used to reduce Employer contributions
      (including any allocation of Forfeitures) for such Participant in the next
      Limitation Year, and in each succeeding Limitation Year if
      necessary.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Excess
      Used To Reduce Employer Contributions If Participant Is Not Covered By The
      Plan. If, after applying paragraph (a), an excess amount still
      exists and the Participant is not covered by the Plan at the end of a
      Limitation Year, the excess amount, plus applicable earnings thereon, if
      any, will be held unallocated in a suspense account. The suspense account
      will be applied to reduce future Employer contributions (including the
      allocation of any Forfeitures) for all remaining Participants in the next
      Limitation Year, and in each succeeding Limitation Year if
      necessary.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Suspense
      Account. If a suspense account is in existence at any time during a
      Limitation Year pursuant to this Section, such suspense account will not
      participate in the allocation of the Trust's investment gains and losses.
      If a suspense account is in existence at any time during a particular
      Limitation Year, all amounts in the suspense account must be allocated and
      reallocated to Participants' Accounts before any Employer Contributions or
      any Employee contributions may be made to the Plan for that Limitation
      Year. Excess amounts may not be distributed to Participants or former
      Participants.

            

    

     

    
      
         

      

      
        -
40 -

        
          

        

      

      
         

      

    

    Article
7

    Loans,
Insurance and Directed Investments

    

    
      	
              7.1

            	
              Loans
      to Participants. The
      making of loans to Participants is not
  permitted.

            

    

    

    
      	
              7.2

            	
              Insurance
      on Participants. The purchase of
      Policies on the life of a Participant is not permitted except as otherwise
      provided in Section 7.3 with regard to "key man"
  insurance.

            

    

    

    
      	
              7.3

            	
              Key
      Man Insurance.
      The Administrator may instruct the Trustee to purchase insurance
      Policies on the life of any Participant whose employment is deemed to be
      key to the Employer's financial success. Such "key man" Policies will be
      deemed an investment of the Trust and will be payable to the Trust as the
      beneficiary. The Trustee may exercise any and all rights under the
      Policies. Neither the Trustee, Employer, Administrator, nor any fiduciary
      will be responsible for the validity of any such Policy or the failure of
      any insurer to make payments thereunder, or for the action of any person
      that may delay payment or render a Policy void in whole or in part. No
      insurer will be deemed a party to this Plan for any purpose or to be
      responsible for its validity; nor will it be required to look into the
      terms of the Plan nor to question any action of the Trustee. The
      obligations of the insurer will be determined solely by the Policy's terms
      and any other written agreements between it and the Trustee. The insurer
      will act only at the written direction of the Trustee, and will be
      discharged from all liability with respect to any amount paid to the
      Trustee. The insurer will not be obligated to see that any money paid to
      the Trustee or any other person is properly distributed or
      applied.

            

    

    

    
      	
              7.4

            	
              Directed
      Investment Accounts.
      Pursuant to procedures established by the Administrator and promulgated
      under Section 8.6, Participants can direct the investment of one or more
      of their accounts under the Plan. Investment directives will only be given
      pursuant to an administrative policy regarding directed
      investments.

            

    

     

    
      
         

      

      
        -
41 -

        
          

        

      

      
         

      

    

    Article
8

    Duties
of the Administrator

    

    
      	
              8.1

            	
              Appointment,
      Resignation, Removal and Succession. Each Administrator
      appointed will continue until his death, resignation, or removal , and any
      Administrator may resign by giving 30 days written notice to the
      Sponsoring Employer. If an Administrator dies, resigns, or is removed ,
      his successor will be appointed as promptly as possible, and such
      appointment will become effective upon its acceptance in writing by such
      successor. Pending the appointment and acceptance of any successor
      Administrator, any then acting or remaining Administrator will have full
      power to act.

            

    

    

    
      	
              8.2

            	
              General
      Powers and Duties. The powers and duties
      of the Administrator will include (a) appointing the Plan's attorney,
      accountant, actuary, or any other party needed to administer the Plan; (b)
      directing the Trustees with respect to payments from the Trust Fund; (c)
      deciding if a Participant is entitled to a benefit; (d) communicating with
      Employees regarding their Plan participation and benefits, including the
      administration of all claims procedures; (e) filing any returns and
      reports with the Internal Revenue Service, Department of Labor, or other
      governmental agency; (f) reviewing and approving any financial reports,
      investment reviews, or other reports prepared by any party under (e)
      above; (g) establishing a funding policy and investment objectives
      consistent with the purposes of the Plan and the ERISA; (h) construing and
      resolving any question of Plan interpretation; and (i) making any findings
      of fact the Administrator deems necessary to proper Plan administration.
      Notwithstanding any contrary provision of this Plan, benefits under this
      Plan will be paid only if the Administrator decides in its discretion that
      the applicant is entitled to them. The Administrator's interpretation of
      Plan provisions, and any findings of fact, including eligibility to
      participate and eligibility for benefits, are final and will not be
      subject to "de novo" review unless shown to be arbitrary and
      capricious.

            

    

    

    
      	
              8.3

            	
              Appointment
      of Administrative Committee. The Sponsoring
      Employer may elect to appoint one or more members to an
      Administrative/Advisory Committee to be known as the "Committee" (or such
      other name as the Sponsoring Employer may select), to which the Sponsoring
      Employer may delegate certain of its responsibilities as Administrator.
      Members of the Committee need not be Participants or beneficiaries, and
      officers and directors of the Employer will not be precluded from serving
      as members. A member will serve until his or her resignation, death, or
      disability, or until removed. In the event of a vacancy arising by reason
      of the death, disability, removal, or resignation of a member, the
      Sponsoring Employer may, but is not required to, appoint a successor to
      serve in his or her place. The Committee will select a chairman and a
      secretary from among its members. Committee members will serve in such
      capacity without compensation. The Committee will act by majority vote.
      The proper expenses of the Committee, and the compensation of its agents
      appointed pursuant to Section 8.7 of the Plan, if any, will be paid
      directly by the Employer.

            

    

    

    
      	
              8.4

            	
              Multiple
      Administrators. If more than one
      Administrator has been appointed by the Sponsoring Employer, the
      Administrators may delegate specific responsibilities among themselves,
      including the authority to execute documents unless the Sponsoring
      Employer revokes such delegation. The Sponsoring Employer and Trustee will
      be notified in writing of any such delegation of responsibilities, and the
      Trustee thereafter may rely upon any documents executed by the appropriate
      Administrator.

            

    

    

    
      	
              8.5

            	
              Correcting
      Administrative Errors. The Administrator will
      take such steps as it considers necessary and appropriate to remedy
      administrative or operational errors, including, but will not be limited
      to the following: (a) taking any action required under the employee plans
      compliance resolution system of the Internal Revenue Service, any asset
      management or fiduciary conduct error correction program available through
      the Internal Revenue Service, United States Department of Labor or other
      governmental administrative agency; (b) a reallocation of Plan assets; (c)
      adjustments in amounts of future payments to Participants, Beneficiaries
      or Alternate Payees; and (d) institution and prosecution of actions to
      recover benefit payments made in error or on the basis of incorrect or
      incomplete information.

            

    

     

    
      
         

      

      
        -
42 -

        
          

        

      

      
         

      

    

    
      	
              8.6

            	
              Promulgating
      Notices and Procedures. The
      Sponsoring Employer and Administrator are given the power and
      responsibility to promulgate certain written notices, policies and/or
      procedures under the terms of the Plan and disseminate them to
      Participants, and the Administrator may satisfy such responsibility by the
      preparation of any such notice, policy and/or procedure in a written form
      which can be published and communicated to a Participant in one or more of
      the following ways: (a) by distribution in hard copy; (b) through
      distribution of a summary plan description or summary of material
      modifications thereto which sets forth the policy or procedure with
      respect to a right, benefit or feature offered under the Plan; (c) by
      e-mail, either to a Participant's personal e-mail address or his or her
      Employer-maintained e-mail address; and (d) by publication on a web-site
      accessible by the Participant, provided the Participant is notified of
      said web-site publication. Any notice, policy and/or procedure provided
      through an electronic medium will only be valid if the electronic medium
      which is used is reasonably designed to provide the notice, policy and/or
      procedure in a manner no less understandable to the Participant than a
      written document, and under such medium, at the time the notice, policy
      and/or procedure is provided, the Employee may request and receive the
      notice, policy and/or procedure on a written paper document at no
      charge.

            

    

    

    
      	
              8.7

            	
              Employment
      of Agents and Counsel. The Administrator may
      appoint actuaries, accountants, custodians, counsel, agents, consultants,
      service companies and other persons deemed necessary or desirable in the
      administration and operation of the Plan. Any person or company so
      appointed will exercise no discretionary authority over investments or the
      disposition of Trust assets, and their services and duties will be
      ministerial only and will be to provide the Plan with those things
      required by law or by the terms of the Plan without in any way exercising
      any fiduciary authority or responsibility under the Plan. The duties of a
      third party Administrator will be to safe-keep the records for all
      Participants and to prepare all required actuarial services and disclosure
      forms under the supervision of the Administrator and any Fiduciaries of
      the Plan. It is expressly stated that the third party Administrator's
      services are only ministerial in nature and that under no circumstances
      will such third party Administrator (a) exercise any discretionary
      authority whatsoever over Plan Participants, Plan investments, or Plan
      benefits; or (b) be given any authority or discretion concerning the
      management and operation of the Plan that would cause them to become
      Fiduciaries of the Plan.

            

    

    

    
      	
              8.8

            	
              Compensation
      and Expenses. The Administrator may
      receive such compensation as agreed upon between the Sponsoring Employer
      and the Administrator, but any person who already receives full-time pay
      from the Employer may not receive any fees from the Plan for services to
      the Plan as Administrator or in any other capacity, except for
      reimbursement for expenses actually and properly incurred. The Sponsoring
      Employer will pay all "settlor" expenses (as described in DOL Advisory
      Opinion 2001-01-A) incurred by the Administrator, the Committee or any
      party appointed under Section 8.7 in the performance of their duties. The
      Sponsoring Employer may, but is not required to pay, all "non-settlor"
      expenses incurred by the Administrator, the Committee, or any party
      appointed under Section 8.7 in the performance of their duties. Any
      "non-settlor" expenses incurred by the Administrator, the Committee or any
      party appointed under Section 8.7 that the Sponsoring Employer elects not
      to pay will be reimbursed from Trust Fund assets. Any expenses paid from
      the Trust Fund will be charged to each Adopting Employer in the ratio that
      each Adopting Employer's Participants' Accounts bears to the total of all
      the Participants' Accounts maintained by this Plan, or in any other
      reasonable method elected by the
Administrator.

            

    

    

    
      
        	
                8.9

              	
                Claims
      Procedures. The claims procedure
      required under §503 of ERISA and the regulations thereunder is set forth
      in a written policy established by the Administrator. Such policy will be
      the sole and exclusive remedy for an Employee, Participant or Beneficiary
      ("Claimant") to make a claim for benefits under the
  Plan.

              

      

    

    

    
      	
              8.10

            	
              Qualified
      Domestic Relations Orders. Whether a domestic
      relations order is a Qualified Domestic Relations Order will be determined
      in accordance with a written policy established by the
      Administrator.

            

    

     

    
      	
              8.11

            	
              Appointment
      of Investment Manager. The Administrator,
      with the consent of the Employer, may appoint an Investment Manager to
      manage and control the investment of all or any portion of the Trust. Each
      Investment Manager will be a person (other than the Trustee) who (a) has
      the power to manage, acquire, or dispose of Plan assets, (b) is an
      investment adviser, a bank, or an insurance company as described in ERISA
      §3(38)(B), and (c) acknowledges fiduciary responsibility to the Plan in
      writing. The Administrator will enter into an agreement with the
      Investment Manager specifying the duties and compensation of the
      Investment Manager and specifying any other terms and conditions under
      which the Investment will be retained. The Trustee is not liable for any
      act or omission of an Investment Manager and is not liable for following
      an Investment Manager's advice with respect to duties delegated by the
      Administrator to the Investment Manager. The Administrator can determine
      the portion of the Plan's assets to be invested by a designated Investment
      Manager and can establish investment objectives and guidelines for the
      Investment Manager to follow.

            

    

     

    
      
         

      

      
        -
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    Article
9

    Trustee
Provisions

    

    
      	
              9.1

            	
              Appointment,
      Resignation, Removal and Succession. This Plan will have
      one or more individual Trustees, a corporate Trustee, or any combination
      thereof, appointed as follows:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Appointment.
      Each Trustee will be appointed and will serve until a successor has been
      named or until such Trustee's resignation, death, incapacity, or removal,
      in which event the Sponsoring Employer will name a successor Trustee. The
      term Trustee will include the original and any successor
      Trustees.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Resignation.
      A Trustee may resign at any time by giving written notice to the
      Sponsoring Employer, unless such notice is waived by the Sponsoring
      Employer. The Sponsoring Employer may remove a Trustee at any time by
      giving such Trustee written notice. Such removal may be with or without
      cause. Unless waived in writing by the Sponsor, if any Trustee who is an
      Employee or an elected or appointed official resigns or terminates
      employment with the Sponsoring Employer or an Adopting Employer, such
      termination will constitute an immediate resignation as a Trustee of the
      Plan.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Successor
      Trustee. Each successor Trustee will succeed to the title to the
      Trust by accepting the appointment in writing and by filing such
      acceptance with the former Trustee and the Sponsoring Employer. The former
      Trustee, upon receipt of such acceptance, will execute all documents and
      perform all acts necessary to vest the Trust Fund's title of record in any
      successor Trustee. No successor Trustee will be personally liable for any
      act or failure to act of any predecessor
  Trustee.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Merger.
      If a corporate Trustee, before or after qualification, changes its name,
      consolidates or merges with another corporation, or otherwise reorganizes,
      any resulting corporation which succeeds to the fiduciary business of such
      Trustee will become a Trustee hereunder in lieu of such corporate
      Trustee.

            

    

    

    
      	
              9.2

            	
              Investment
      Alternatives of the Trustee. The Trustees will
      implement an investment program to accomplish the Employer's other
      investment objectives. In addition to powers given by law, the Trustees
      may:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Property.
      Invest in any form of property, including common and preferred stocks,
      exchange covered call options, bonds, money market instruments, mutual
      funds, savings accounts, certificates of deposit, Treasury bills,
      insurance policies and contracts, or in any other property, real or
      personal, foreign or domestic, having a ready market including securities
      issued by an institutional Trustee and/or affiliate of such Trustee. An
      institutional Trustee may invest in its own deposits if they bear a
      reasonable interest rate. The Trustee may retain, manage, operate, repair,
      improve and mortgage or lease for any period on such terms as it deems
      proper any real estate or personal property held by the Trustee, including
      the power to demolish any building or other improvements in whole or part.
      The Trustee may erect buildings or other improvements, make leases that
      extend beyond the term of this Trust, and foreclose, extend, renew,
      assign, release or partially release and discharge mortgages or other
      liens.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Pooled
      Funds. The Trustee may transfer any assets of the Trust Fund to a
      collective trust established to permit the pooling of funds of separate
      pension and profit-sharing trusts or to any other common, collective, or
      commingled trust fund which has been or may hereafter be established and
      maintained by the Trustee and/or affiliates of an institutional Trustee.
      Such commingling of assets of the Fund with assets of other qualified
      trusts is specifically authorized, and to the extent of the investment of
      the Trust Fund in such a group or collective trust, the terms of the
      instrument establishing the group or collective trust will be a part
      hereof as though set forth herein.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Cash
      Reserves. The Trustee may retain in cash as much of the Trust Fund
      as the Trustee may deem advisable to satisfy the liquidity needs of the
      Plan and to deposit any cash held in the Trust Fund in a bank account
      without liability for the highest rate of interest available. If a bank is
      acting as Trustee, such Trustee is specifically given authority to invest
      in deposits of such Trustee. The Trustee may also hold cash un-invested at
      any time and from time to time and in such amount or to such extent as the
      Trustee deems prudent, and the Trustee will not be liable for any losses
      which may be incurred as the result of the failure to invest same, except
      to the extent that may otherwise be provided
  herein.

            

    

    
      
         

      

      
        -
44 -

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (d)

            	
              Reorganizations.
      The Trustee may join in or oppose the reorganization, recapitalization,
      consolidation, sale or merger of corporations or properties, upon such
      terms as the Trustee deems wise.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Registration
      of Securities. The Trustee may cause any securities or other
      property to be registered in the Trustee's own name or in the name of the
      Trustee's nominee or nominees, and may hold any investments in bearer
      form, but the records of the Trustee will at all times show such
      investments as part of the Trust.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Proxies.
      The Trustee may vote proxies and if appropriate pass them on to any
      investment manager which may have directed the investment in the equity
      giving rise to the proxy.

            

    

    

    
      	
               
      

            	
              (g)

            	
              Ownership.
      The Trustee may exercise all ownership rights with respect to any assets
      held in the Trust.

            

    

    

    
      	
               
      

            	
              (h)

            	
              Other
      Investments. The Trustee may accept and retain for such time as the
      Trustee deems advisable any securities or other property received or
      acquired as Trustee, whether or not such securities or property would
      normally be purchased as investments
hereunder.

            

    

    

    
      	
               
      

            	
              (i)

            	
              Loans
      to the Trust. The Trustee may borrow or raise money for purposes of
      the Plan in such amounts, and upon such terms and conditions, as the
      Trustee deems advisable; and for any sum so borrowed, the Trustee may
      issue a promissory note as Trustee, and secure repayment of the loan by
      pledging all, or any part, of the Trust Fund as collateral. No person
      lending money to the Trustee will be bound to see to the application of
      the money lent or to inquire into the validity or propriety of any
      borrowing.

            

    

    

    
      	
               
      

            	
              (j)

            	
              Agreements
      With Banks. The Trustee may with the consent of the Sponsoring
      Employer and upon such terms as they in their discretion deem necessary,
      enter into an agreement with a bank or trust company providing for (a) the
      deposit of all or part of the funds and property of the Trust with such
      bank or trust company, (b) the appointment of such bank or trust company
      as the agent or custodian of the Trustees for investment purposes, with
      such discretion in investing and reinvesting the funds of the Trust as the
      Trustees deem it necessary or desirable to
  delegate.

            

    

    

    
      	
               
      

            	
              (k)

            	
              Litigation.
      The Trustee may begin, maintain, or defend any litigation necessary in
      connection with the administration of the Plan, except that the Trustee
      will not be obliged or required to do so unless indemnified to its
      satisfaction.

            

    

    

    
      	
               
      

            	
              (l)

            	
              Claims,
      Debts and Damages. The Trustee may settle, compromise, or submit to
      arbitration any claims, debts, or damages due or owing to or from the
      Plan.

            

    

    

    
      	
               
      

            	
              (m)

            	
              Margin
      Accounts, Options and Commodities. The Trustee may borrow on
      margin, buy options, write covered options, options spreads/straddles, and
      engage in future/commodities
trading.

            

    

    

    
      	
               
      

            	
              (n)

            	
              Miscellaneous.
      The Trustee may do all such acts and exercise all such rights, although
      not specifically mentioned herein, as the Trustee deems necessary to carry
      out the purposes of the Plan. The Trustee will not be restricted to
      securities or other property of the character expressly authorized by
      applicable law for trust investments, subject to the requirement that the
      Trustee discharge his duties with the care, skill, prudence, and
      diligence, under the circumstances then prevailing, that a prudent man
      acting in a like capacity and familiar with such matters would use in the
      conduct of an enterprise of similar character and with similar aims by
      diversifying the investments to minimize the risks of large losses unless
      under the circumstances it is clearly prudent not to do
  so.

            

    

     

    
      
         

      

      
        -
45 -

        
          

        

      

      
         

      

    

     

    
      	
              9.3

            	
              Valuation
      of the Trust. On each Valuation
      Date, the Trustee will determine the net worth of the Trust Fund. The fair
      market value of securities listed on a registered stock exchange will be
      the prices at which they were last traded on such exchange preceding the
      close of business on the Valuation Date. If the securities were not traded
      on the Valuation Date, or if the exchange on which they are traded was not
      open for business on the Valuation Date, the securities will be valued at
      the prices at which they were last traded prior to the Valuation Date. An
      unlisted security will be valued at its bid price next preceding the close
      of business on the Valuation Date, which bid price will be obtained from a
      registered broker or an investment banker. To determine the fair market
      value of Company Stock for which trading or bid prices cannot be obtained,
      the Trustee must use an independent appraiser who meets the requirements
      of regulations prescribed under Code §170(a)(1). To determine the fair
      market value of assets other than securities for which trading or bid
      prices can be obtained, the Trustee may use any reasonable method to
      determine the value of such assets, or may elect to employ one or more
      appraisers for that purpose and rely on the values established by such
      appraiser or appraisers.

            

    

    

    
      	
              9.4

            	
              Compensation
      and Expenses. The Trustee will be
      reimbursed for all of its expenses, either from the Trust  Fund
      or the Sponsoring Employer, and will be paid reasonable compensation as
      agreed upon from time to time with the Sponsoring Employer; but no person
      who receives full-time pay from the Employer will receive any fees for
      services to the Plan as Trustee or in any other capacity, except for
      reimbursement of expenses properly and actually incurred. Any expenses
      paid from the Trust will be charged to each Adopting Employer in the ratio
      that each Adopting Employer's Participants' Accounts bears to the total of
      all the Participants' Accounts maintained by this Plan, or in any other
      reasonable method elected by the
Administrator.

            

    

    

    
      	
              9.5

            	
              Payments
      From the Trust Fund. The Trustee will pay
      Plan benefits and other payments as the Administrator directs, and the
      Trustee will not be responsible for the propriety of such payments. Any
      payment made to a Participant, or a Participant's legal representative or
      Beneficiary in accordance with the terms of the Plan will, to the extent
      of such payment, be in full satisfaction of all claims arising against the
      Trust, the Trustee, the Employer, and the Plan Administrator. Any payment
      or distribution made from the Trust is contingent on the recipient
      executing a receipt and release acceptable to the Trustee, Administrator,
      or Employer.

            

    

    

    
      	
              9.6

            	
              Payment
      of Taxes.
      The Trustee will pay all taxes of the Trust Fund, including property,
      income, transfer and other taxes which may be levied or assessed upon or
      in respect of the Trust Fund or any money, property or securities forming
      a part of the Trust Fund. The Trustee may withhold from distributions to
      any payee such sum as the Trustee may reasonably estimate as necessary to
      cover federal and state taxes for which the Trustee may be liable, which
      are, or may be, assessed with regard to the amount distributable to such
      payee. Prior to making any payment, the Trustee may require such releases
      or other documents from any lawful taxing authority and may require such
      indemnity from a payee or distributee as the Trustee deems
      necessary.

            

    

    

    
      	
              9.7

            	
              Accounts,
      Records and Reports. The Trustee will keep
      accurate records reflecting its administration of the Trust and will make
      them available to the Administrator for review and audit. At the request
      of the Administrator, the Trustee will, within 90 days of such request,
      file with the Administrator an accounting of its administration during
      such period or periods as the Administrator determines. The Administrator
      will review the accounting and notify the Trustee within 90 days if the
      report is disapproved, providing the Trustee with a written description of
      the items in question. The Trustees will have 60 days to provide the
      Administrator with a written explanation of the items in question. If the
      Administrator again disapproves of the report, the Trustee will file its
      accounting in a court of competent jurisdiction for audit and
      adjudication.

            

    

    

    
      	
              9.8

            	
              Employment
      of Agents and Counsel. The Trustee may employ
      such agents, counsel, consultants, or service companies as it deems
      necessary and may pay their reasonable expenses and compensation. The
      Trustee will not be liable for any action taken or omitted by the Trustee
      in good faith pursuant to the advice of such agents and counsel. Any
      agent, counsel, consultant, service company and/or its successors will
      exercise no discretionary authority over investments or the disposition of
      Trust assets, and their services and duties will be ministerial only and
      will be to provide the Plan with those things required by law or by the
      terms of the Plan without in any way exercising any fiduciary authority or
      responsibility under the Plan.

            

    

     

    
      
         

      

      
        -
46 -

        
          

        

      

      
         

      

    

    
      	
              9.9

            	
              Division
      of Duties and Indemnification. The division of duties
      and the indemnification of the Trustees of this Plan will be governed by
      the following provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              No
      Guarantee Against Loss. The Trustees will have the authority and
      discretion to manage and control the Trust Fund to the extent provided in
      this instrument, but they do not guarantee the Trust Fund in any manner
      against investment loss or depreciation in asset value, or guarantee the
      adequacy of the Fund to meet and discharge all or any liabilities of the
      Plan. Furthermore, the Trustees will not be liable for the making,
      retention or sale of any investment or reinvestment made by it, as herein
      provided, or for any loss to or diminution of the Trust Fund, or for any
      other loss or damage which may result from the discharge of its duties
      hereunder, except to the extent it is judicially determined that the
      Trustees have failed to exercise the care, skill, prudence and diligence
      under the circumstances then prevailing that a prudent person acting in a
      like capacity and familiar with such matters would use in the conduct of
      an enterprise of a like character and like
aims.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Representations
      of the Sponsoring Employer. The Sponsoring Employer warrants that
      all directions issued to the Trustees by it or the Plan Administrator will
      be in accordance with the terms of the
Plan.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Directions
      by Others. The Trustees are not answerable for an action taken
      pursuant to any direction, consent, certificate, or other paper or
      document on the belief that the same is genuine and signed by the proper
      person. All directions by the Sponsoring Employer, a Participant or
      Administrator must be in writing. The Administrator will deliver to the
      Trustee (1) certificates evidencing the individual or individuals
      authorized to act as the Administrator and (2) specimens of their
      signatures.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Duties
      and Obligations Limited by the Plan. The duties and obligations of
      the Trustee are limited to those expressly imposed upon it by the Plan or
      subsequently agreed upon by the parties. Responsibility for administrative
      duties required under the Plan or applicable law not expressly imposed
      upon or agreed to by the Trustee, will rest solely with the Sponsoring
      Employer and Administrator.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Indemnification
      of the Trustees. The Trustees will be indemnified and saved
      harmless from and against any and all liability to which the Trustees may
      be subjected, including all expenses reasonably incurred in its defense,
      for any action or failure to act resulting from compliance with the
      instructions of the Sponsoring Employer, the employees or agents of the
      Sponsoring Employer, the Plan Administrator, or any other fiduciary to the
      Plan, and for any liability arising from the actions or non-actions of any
      predecessor Trustees or other fiduciary of the
  Plan.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Trustees
      Not Responsible for Application of Payments. The Trustees will not
      be responsible in any way for the application of any payments it is
      directed to make or for the adequacy of the Fund to meet and discharge any
      and all liabilities under the Plan.

            

    

    

    
      	
               
      

            	
              (g)

            	
              Multiple
      Trustees. If more than one Trustee is appointed any single Trustee
      may act independently in undertaking any act or transaction on behalf of
      the Trust unless the Trustees have agreed by a majority vote of their
      number that a particular action, including signing documents or checks,
      must be approved by a majority vote before it can be
      undertaken.

            

    

    

    
      	
               
      

            	
              (h)

            	
              Trustees
      as Participants or Beneficiaries. Trustees will not be prevented
      from receiving any benefits to which they may be entitled as Participants
      or Beneficiaries as long as the benefits are computed and paid on a basis
      consistent with the terms of the Plan as applied to other Participants and
      Beneficiaries.

            

    

    

    
      	
               
      

            	
              (i)

            	
              Limitation
      of Liability. No Trustee will be liable for the act of any other
      Trustee or fiduciary unless the Trustee has knowledge of such
      act.

            

    

    

    
      	
               
      

            	
              (j)

            	
              No
      Self-Dealing. The Trustees will not (1) deal with the assets of the
      Trust in their own interest or for their own account; (2) in their
      individual or in any other capacity, act in any transaction involving the
      Trust on behalf of a party (or represent a party) whose interests are
      adverse to the interests of the Plan, or its Participants or
      Beneficiaries; or (3) receive any consideration for their own personal
      accounts from any party dealing with the Plan in connection with a
      transaction involving assets of the
Trust.

            

    

     

    
      	
              9.10

            	
              Investment
      Manager.
      The Trustee is not liable for acts or omissions of an Investment Manager
      appointed by the Administrator under Section 8.11, and the Trustee is not
      liable for following the advice of an Investment Manager with respect to
      any duties delegated by the Administrator to the Investment
      Manager.

            

    

    

    
      	
              9.11

            	
              Exclusive
      Benefit Rule. All contributions made
      by the Employer to the Trust Fund will be used for the exclusive benefit
      of the Participants and their Beneficiaries and will not be used for nor
      diverted to any other purpose except the payment of the costs of
      maintaining the Plan.

            

    

     

    
      
        
           

        

        
          -
47 -

          
            

          

        

        
           

        

      

    

     

    
      	
              9.12

            	
              Voting
      Company Stock.
      The Trustee will vote all Company Stock held by it at such time and
      in such manner as the Trustee decides, subject to the following
      provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Company
      Stock Pledged As Security. If any agreement entered into by the
      Trustee provides for voting of any Company Stock pledged as security for
      any obligation of the Plan, such Company Stock will be voted in accordance
      with such agreement.  If a Participant has the right to direct
      the Trustee as to the manner in which Company Stock allocated to his
      Company Stock Account is to be voted and such Participant fails or refuses
      to give the Trustee timely instructions (or such instructions are
      invalidated for any reason) as to how to vote any Company Stock as to
      which the Trustee otherwise has the right to vote, the Trustee may not
      exercise its power to vote such Company
Stock.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Registration-Type
      Stock. Notwithstanding paragraph (a), each Participant may direct
      the Trustee as to the manner in which Company Stock allocated to his or
      her Company Stock Account is to be voted provided such Company Stock is a
      registration-type class of security (as defined in section 12 of the
      Securities Exchange Act of 1934).

            

    

    

    
      	
               
      

            	
              (c)

            	
              Non-Registration-Type
      Stock. With respect to Company Stock that is not a
      registration-type class of security, each Participant may direct the
      Trustee as to the manner in which Company Stock which is allocated to his
      or her Company Stock Account is to be voted on any corporate matter which
      involves the voting of such stock with respect to the approval or
      disapproval of any corporate merger or consolidation, recapitalization,
      reclassification, liquidation, dissolution, sale of substantially all
      assets of a trade or business, or such similar transaction as may be
      prescribed in Treasury regulations.

            

    

    

    
      	
              9.13

            	
              Application
      of Cash.
      Employer contributions made to the Plan in cash and other cash
      received by the Trustee will first be applied to pay Current
      Obligations.

            

    

    

    
      	
              9.14

            	
              Restrictions
      on Company Stock Transactions. The Plan may not
      obligate itself to acquire Company Stock from a particular holder thereof
      at an indefinite time determined upon the happening of an event such as
      the death of the holder. Furthermore, the Plan may not obligate itself to
      acquire Company Stock under a put option binding upon the
      Plan. However, the Plan may be given an option to assume, at the time
      a put option is exercised, the rights and obligations of the Employer
      under a put option binding upon the Employer. In addition, all purchases
      of Company Stock will be made at a price which, in the judgment of the
      Administrator, does not exceed the fair market value thereof. All sales of
      Company Stock will be made at a price which, in the judgment of the
      Administrator, is not less than the fair market value
    thereof.

            

    

    

    
      	
              9.15

            	
              Exempt
      Loans. All
      loans to the Plan made or guaranteed by a disqualified person must satisfy
      all requirements applicable to Exempt Loans set forth in regulation
      §54.4975-7(b)(4) to §54.4975-7(b)(7),  regulation
      §54.4975-7(b)(13), and Department of Labor regulation §2550.408b-3, and
      all provisions of those regulations applicable to Company Stock purchased
      with the proceeds of an Exempt Loan or which is used as collateral for an
      Exempt Loan must be complied with, including, but not limited to, the
      following provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Definition
      of "Disqualified Person." For purposes of this Section, a
      "disqualified person" is any person who is a disqualified person or party
      in interest under ERISA.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Types
      of Loans and Guarantees. A loan for purposes of this Section
      includes a direct loan of cash, a purchase-money transaction, or an
      assumption of the obligation of the Trust. A guarantee for purposes of
      this Section includes an unsecured guarantee and the use of assets of a
      disqualified person as collateral for a loan, even though the use of
      assets may not be a guarantee under applicable state
  law.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Interest
      Rate. An Exempt Loan must provide for a reasonable rate of
      interest. However, the interest rate and the price of the Company Stock
      purchased with the proceeds of an Exempt Loan must not be such that Plan
      assets can be drained off.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Loan
      Must Primarily Benefit Participants and Beneficiaries. An Exempt
      Loan must primarily be for the benefit of Plan Participants and their
      Beneficiaries.

            

    

     

    
      
        
           

        

        
          -
48 -

          
            

          

        

        
           

        

      

    

     

    
      	
               
      

            	
              (e)

            	
              Use
      of Proceeds. The proceeds of an Exempt Loan must be used within a
      reasonable time to acquire Company Stock, to repay the Exempt Loan, or to
      repay prior Exempt Loans. The proceeds of a new loan used to repay a prior
      Exempt Loan must also satisfy the other requirements of this
      Section.

            

    

    

    
      	
               
      

            	
              (f)

            	
              Put
      Option. Except for the put option described in Section 5.18 of the
      Plan, no Company Stock acquired with the proceeds of an Exempt Loan may be
      subject to a put, call or other option, or a buy-sell or other arrangement
      while held by, or when distributed, from the Plan, whether or not the Plan
      has continued to operate as an employee stock ownership
    plan.

            

    

    

    
      	
               
      

            	
              (g)

            	
              Liability
      of Plan to Loan Payee. No person who is entitled to payment under
      an Exempt Loan will have any right to (1) the assets of the Plan, other
      than to the collateral given for the Exempt Loan; (2) any contributions,
      other than contributions of Company Stock, made to the Plan to repay the
      Exempt Loan; and (3) earnings attributable to such collateral and the
      investment of such contributions.

            

    

    

    
      	
               
      

            	
              (h)

            	
              Maximum
      Annual Repayment. Payments made during the Plan Year with respect
      to an Exempt Loan cannot exceed an amount equal to the sum of the
      contributions and earnings received during or prior to the Plan Year, less
      such payments made in prior Plan Years. In addition, such contributions
      and earnings must be accounted for separately until such time as the
      Exempt Loan is repaid in full.

            

    

    

    
      	
               
      

            	
              (i)

            	
              Default.
      In the event of a default on an Exempt Loan, the value of Plan assets
      transferred in satisfaction of the loan cannot exceed the amount of
      default. If a lender is a "disqualified person," an Exempt Loan must
      provide for a transfer of Plan assets upon default only upon and to the
      extent of the failure of the Plan to meet the payment schedule of the
      loan. For purposes hereof, the making of a guarantee does not make a
      person a lender.

            

    

    

    
      	
              9.16

            	
              Diversification
      Rights of Qualified Participants. Notwithstanding any
      provision in the Plan to the contrary, a Qualified Participant will be
      permitted to direct the Trustee as to the investment of amounts credited
      to his or her Company Stock Account in accordance with the following
      provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Definitions.
      For purposes of this Section, the term Qualified Election Period means the
      six-Plan Year period beginning with the Plan Year in which the Participant
      first becomes a Qualified Participant; and the term Qualified Participant
      means a Participant who has attained Age 55 and who has been a Participant
      in the Plan for at least ten years.

            

    

    

    
      	
               
      

            	
              (b)

            	
              Method
      of Direction. The Participant's direction will be provided to the
      Administrator in writing, and will be effective no later than 180 days
      after the close of the Plan Year to which the direction
      applies.

            

    

     

    
      	
               
      

            	
              (c)

            	
              Determining
      the Amount Subject to Diversification. A Participant's rights under
      this Section will be limited to 25% of the balance in his or her Company
      Stock Account attributable to Company Stock acquired after December 31,
      1986, within 90 days after the last day of each Plan Year, during the
      Participant's Qualified Election Period. Within 90 days after the close of
      the last Plan Year in a Participant's Qualified Election Period, a
      Qualified Participant may direct the investment of 50% of the value of
      such Company Stock Account. The portion of a Participant's Company Stock
      Account attributable to Company Stock acquired by the Plan after December
      31, 1986 will be determined by multiplying the number of shares of such
      stock held in the Participant's Account by a fraction, the numerator of
      which is the number of such shares acquired after December 31, 1986 and
      allocated to Participants' Company Stock Accounts (not to exceed the
      number of shares held by the Plan on the date of distribution) and the
      denominator of which is the total number of such shares of Company Stock
      held by the Plan on the date the individual becomes a Qualified
      Participant. Company Stock not readily tradeable must be valued by an
      independent appraiser before
diversification.

            

    

     

    
      
        
           

        

        
          -
49 -

          
            

          

        

        
           

        

      

    

     

    
      	
               
      

            	
              (d)

            	
              Exception
      For Small Accounts. Notwithstanding paragraph (b), if the fair
      market value of a Qualified Participant's Company Stock Account is $500 or
      less on the Valuation Date immediately preceding the first day the
      Qualified Election Period, then such Company Stock Account will not be
      subject to the diversification rights under this Section. In determining
      if the fair market value exceeds $500, Company Stock held in all employee
      stock ownership plans and tax credit employee stock ownership plans
      maintained by the Employer or any Affiliated Employer will be considered
      as held by the Plan.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Investment
      Options. Subject to a written policy adopted the Administrator, the
      portion of a Qualified Participant's Company Stock Account covered by the
      diversification election in this Section will either (1) be distributed to
      the Qualified Participant within 90 days after the last day of the period
      in which the election can be made, but any part of such distribution
      consisting of Company Stock will be subject to the put option requirements
      of the Plan, and the entire such distribution, if it is in excess of
      $5,000, will be subject to the consent requirements under Section 5.8; (2)
      be transferred no later than 90 days after the last day of the period in
      which the election can be made to another qualified defined contribution
      plan of the Employer that accepts such transfers, provided such plan
      permits Employee-directed investments in at least three distinct
      investment options and does not invest in Company Stock to a substantial
      degree; or (3) be invested, at the election of the Qualified Participant,
      in one or more alternative investments, provided that if the Administrator
      elects to offer this option as part of the written policy adopted
      hereunder, the Plan must provide at least three distinct investment
      options.

            

    

    

    
      	
              9.17

            	
              Superseding
      Trust or Custodial Agreement. If any Trust assets
      are invested in a separate trust or custodial account maintained by a
      Trustee or custodian, the provisions of the separate trust or custodial
      agreement will supersede all provisions of this Article with respect such
      assets except, in the absence of a specific provision in such separate
      trust or custodial agreement regarding the valuation of securities held by
      the Trust, Section 9.4. If such separate trust or custodial account should
      for any reason fail, be found invalid or terminate prior to the
      termination of this Plan and the distribution of all the assets hereof,
      this Article 10 will be deemed to have again become effective immediately
      prior to such failure, invalidity or
  termination.

            

    

     

    
      
         

      

      
        -
50 -

        
          

        

      

      
         

      

    

    Article
10

    Adopting
Employer Provisions

    

    
      	
              10.1

            	
              Plan
      Contributions. Unless otherwise
      agreed to by the parties, or unless otherwise required by law, no Employer
      will have any obligation to make contributions to this Plan for or on
      behalf of the Employees of any other Employer. If an Employee is employed
      by more than one Employer, any contributions made on his or her behalf
      will be prorated between those Employers on the basis of Compensation
      received from each Employer. If any Employer is unable to make a
      contribution for any Plan Year, any Employer which is an Affiliated
      Employer of such Employer may make an additional contribution to the Plan
      on behalf of any Employee of the non-contributing
  Employer.

            

    

    

    
      	
              10.2

            	
              Plan
      Amendments.
      Any amendment to this Plan that is adopted by the Sponsoring
      Employer, at any time, will be deemed to be accepted by any Adopting
      Employer.

            

    

    

    
      	
              10.3

            	
              Plan
      Expenses. Any
      expenses paid from the Trust will be charged to each Adopting Employer in
      the ratio that each Adopting Employer's Participants' Accounts bears to
      the total of all the Participants' Accounts maintained by this Plan, or in
      any other reasonable method elected by the
      Administrator.

            

    

    

    
      	
              10.4

            	
              Employee
      Transfers.
      An Employee's transfer to or from an Employer or Adopting Employer will
      not affect his or her Participant's Account balance and total Years of
      Service or Periods of Service.

            

    

    

    
      	
              10.5

            	
              Multiple
      Employer Provisions Under Code §413(c). Notwithstanding any
      other provision in the Plan, unless the Plan is a collectively bargained
      plan under Regulation §1.413-1(a), the following provisions apply to any
      Adopting Employer that is not also an Affiliated
  Employer:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Instances
      of Separate Employer Testing. Employees of any such Adopting
      Employer will be treated separately for testing under Code §401(a)(4),
      §401(k), §401(m) and, if the Sponsoring Employer and the Adopting Employer
      do not share Employees, Code §416. Furthermore, the terms of Code §410(b)
      will be applied separately on an employer-by-employer basis by the
      Sponsoring Employer(and the Adopting Employers which are part of the
      Affiliated Group which includes the Sponsoring Employer) and each Adopting
      Employer that is not an Affiliated Employer of the Sponsoring Employer,
      taking into account the generally applicable rules described in Code
      §401(a)(5), §414(b) and §414(c).

            

    

    

    
      	
               
      

            	
              (b)

            	
              Instances
      of Single Employer Testing. Employees of the Adopting Employer will
      be treated as part of a single Employer plan for purposes of eligibility
      to participate under Article 2 and under the provisions of Code §410(a).
      Furthermore, the terms of Code §411 relating to Vesting will be applied as
      if all Employees of all such Adopting Employers and the Sponsoring
      Employer were employed by a single Employer, except that the rules
      regarding Breaks in Service will be applied under such Regulations as may
      be prescribed by the Secretary of
Labor.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Common
      Trust. Contributions made by any such Adopting Employer will be
      held in a common Trust Fund with contributions made by the Sponsoring
      Employer, and all such contributions will be available to pay the benefits
      of any Participant (or Beneficiary thereof) who is an Employee of the
      Sponsoring Employer or any such Adopting
  Employer.

            

    

    

    
      	
               
      

            	
              (d)

            	
              Common
      Disqualification Provision. The failure of either the Sponsoring
      Employer or any such Adopting Employer to satisfy the qualification
      requirements under the provisions of Code §401(a), as modified by the
      provisions of Code §413(c), will result in the disqualification of the
      Plan for all such Employers maintaining the
  Plan.

            

    

    

    
      	
               
      

            	
              (e)

            	
              Plan
      Becomes Individually Designed. If the combination of the Sponsoring
      Employer and/or any Adopting Employer creates a multiple employer plan as
      that term is defined in Code §413(c), this Plan will be deemed to be an
      individually designed plan.

            

    

     

    
      
        
           

        

        
          -
51 -

          
            

          

        

        
           

        

      

    

     

    
      	
              10.6

            	
              Termination
      of Adoption. An Adopting Employer
      may terminate participation in the Plan by delivering written notice to
      the Sponsoring Employer, to the Administrator and to the Trustee (but in
      accordance with Article 11, only the Sponsoring Employer can terminate the
      Plan). Upon any such termination of adoption by an Adopting Employer, the
      Adopting Employer may request a transfer of Trust Fund assets attributable
      to its Employees from this Plan to any successor qualified retirement plan
      maintained by the Adopting Employer or its successor. If such request is
      not made, or if the Administrator refuses to make the transfer because in
      its considered opinion such transfer would operate to the detriment of any
      Participant, jeopardize the continued qualification of the Plan, or not
      comply with any requirements of the Internal Revenue Service, Participants
      who are no longer Employees because an Adopting Employer terminates its
      Plan participation will only be entitled to the commencement of their
      benefits in accordance with Section 10.7
below.

            

    

    

    
      	
              10.7

            	
              Payment
      of Benefits Upon Termination of Participation. If Plan assets
      attributable to a terminated Adopting Employer are not transferred to
      another qualified retirement plan for any of the reasons described in
      Section 10.6, Participants who are no longer Employees because of such
      termination of adoption will only be entitled to the commencement of their
      benefits as follows: (1) in the case of Participants who are no longer
      Employees and the terminated Adopting Employer is an Affiliated Employer
      of the Sponsoring Employer, in accordance with Article 5 after their
      retirement, death, Disability or other termination of employment from the
      Adopting Employer or former Adopting Employer; and (2) in the case of
      Participants who are no longer Employees and the terminated Adopting
      Employer is not an Affiliated Employer of the Sponsoring Employer, within
      a reasonable time thereafter as if the Plan had been terminated under
      Section 11.2.

            

    

     

    
      
         

      

      
        -
52 -

        
          

        

      

      
         

      

    

    Article
11

    Amendment,
Termination and Merger

    

    
      	
              11.1

            	
              Plan
      Amendment.
      The Plan can be amended at any time in accordance with the following
      provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Manner
      of Amendment. Any amendments can be made by either (1) substituting
      pages with the new elections (or new addendum) and executing an "Amendment
      By Page Substitution" and attaching it as part of the Plan; (2) by
      executing an "Amendment By Section Replication" in which the section or
      sections (or addendum or addendums) to be changed are reproduced with the
      new elections indicated, and attaching it as part of the Plan; or (3) by
      executing a properly worded corporate resolution and attaching it as part
      of the Plan.

            

    

    

    
      	
               
      

            	
              (b)

            	
              General
      Requirements. An amendment must be in writing. However, no
      amendment or modification (1) can increase the responsibilities of the
      Trustee or Administrator without their written consent; (2) can deprive
      any Participant or Beneficiary of the benefits to which he is entitled
      from the Plan; (3) can result in a decrease in the amount of any
      Participant's Account except as may be permitted under the terms of Code
      §412(c)(8) if applicable; or (4) can, except as otherwise provided, permit
      any part of the Trust Fund (other than as required to pay taxes and
      administration expenses) to be used for or diverted to purposes other than
      the exclusive benefit of the Participants or their Beneficiaries, or cause
      or permit any portion of the Trust Fund to revert to or become the
      property of the Employer. In addition, unless the provisions of paragraph
      (e) are satisfied, no amendment to the Plan will have the effect of
      eliminating or restricting the ability of a Participant or other payee to
      receive payment of his or her Account balance or benefit entitlement under
      a particular optional form of benefit provided under the Plan. Any
      amendment to the Plan by the Sponsoring Employer under this Section also
      applies to any Affiliated Employer that participates under the Plan as an
      Adopting Employer. The Sponsoring Employer's amendment of the Plan from
      one type of defined contribution plan (e.g., a money purchase plan) into
      another type of defined contribution plan (e.g., a profit sharing plan)
      will not result in a partial termination or any other event that would
      require full vesting of some or all Plan
  Participants

            

    

    

    
      	
               
      

            	
              (c)

            	
              Certain
      Corrective Amendments. In order to satisfy the minimum coverage
      requirements of Code §410(b), the nondiscriminatory amount requirement of
      Regulation §1.401(a)(4)-1(b)(2) or the nondiscriminatory plan amendment
      requirement of Regulation §1.401(a)(4)-1(b)(4), a corrective amendment or
      change of the choice of options in the Plan may retroactively increase
      allocations for Employees who benefited under the Plan during the Plan
      Year being corrected, or may grant allocations to Employees who did not
      benefit under the Plan during the Plan Year being corrected. To satisfy
      the nondiscriminatory current availability requirement of Regulation
      §1.401(a)(4)-4(b) for benefits, rights or features, a corrective amendment
      or change of the choice of options in Plan may make a benefit, right or
      feature available to Employees to whom it was previously not available. A
      corrective amendment or change of the choice of options in the Plan will
      not be effective prior to the date of adoption unless it satisfies the
      applicable requirements of Regulation §1.401(a)(4)-11(g)(3)(ii) through
      (vii), including the requirement that, in order to be effective for the
      preceding Plan Year, such amendment or change of the choice of options in
      the Plan must be adopted by the 15th day of the 10th month after the close
      of the preceding Plan Year.

            

    

    

    
      	
              11.2

            	
              Termination
      By Sponsoring Employer. The Sponsoring
      Employer at any time can terminate the Plan and Trust in whole or in part
      in accordance with the following
provisions:

            

    

    

    
      	
               
      

            	
              (a)

            	
              Termination
      of Plan. The Sponsoring Employer can terminate the Plan and Trust
      by filing written notice thereof with the Administrator and Trustee and by
      completely discontinuing contributions to the Plan. Upon any such
      termination, the Trust Fund will continue to be administered until
      distribution has been made to the Participants and other payees, which
      distribution must occur as soon as administratively feasible after the
      termination of the Plan, and must be made in accordance with the
      provisions of Article 5 of the Plan. However, the Administrator may elect
      not to distribute the Accounts of Participants and other payees upon
      termination of the Plan but instead to transfer the entire Trust Fund
      assets and liabilities attributable to this terminated Plan to another
      qualified plan maintained by the Employer or its
  successor.

            

    

    
      
         

      

      
        -
53 -

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (b)

            	
              Vesting
      Requirement. Upon complete termination of the Plan, or upon a
      complete discontinuance of contributions to the Plan, any Participant who
      is affected by such termination, any Participant who has not terminated
      employment, and any Participant who has terminated employment but has not
      incurred five consecutive Breaks in Service, will have a 100% Vested
      Interest in his or her unpaid Participant's Account. Upon partial
      termination of the Plan, only a Participant who has terminated employment
      because of the event which caused the partial termination but who has not
      incurred five consecutive Breaks in Service will automatically have a 100%
      Vested Interest in his or her unpaid Participant's Account to the date of
      partial termination.

            

    

    

    
      	
               
      

            	
              (c)

            	
              Discontinuance
      of Contributions. The Sponsoring Employer may at any time
      completely discontinue contributions to the Plan but continue the Plan in
      operation in all other respects, in which event the Trust will continue to
      be administered until eventual distribution of all benefits has been made
      to the Participants and other payees in accordance with Article 5 after
      their death, retirement, Disability or other termination of employment.
      Any discontinuance of contributions without a notice of termination from
      the Sponsoring Employer to the Administrator and Trustee will not
      constitute a Plan termination.

            

    

    

    
      	
              11.3

            	
              Merger
      or Consolidation. This Plan and Trust
      may not be merged or consolidated with, nor may any of its assets or
      liabilities be transferred to, any other plan, unless the benefits payable
      to each Participant if the Plan was terminated immediately after such
      action would be equal to or greater than the benefits to which such
      Participant would have been entitled if this Plan had been terminated
      immediately before such action. If the Employer acquires another company
      in a "Section 410(b)(6)(c) transaction, employees of the acquired company
      may be excluded from this Plan regardless of the provisions of Section 2.1
      of the Plan during the period beginning on the date of the transaction and
      ending on the last day of the Plan Year beginning after the date of the
      Transaction. A Section 410(b)(6)(c) transaction is an asset or stock
      acquisition, merger, or similar transaction involving a change in the
      employer of the employees of a
business.

            

    

     

    
      
         

      

      
        -
54 -

        
          

        

      

      
         

      

    

    Article
12

    Miscellaneous
Provisions

    

    
      	
              12.1

            	
              No
      Contract of Employment. Except as otherwise
      provided by law, neither the establishment of this Plan, any modification
      hereto, the creation of any fund or account, nor the payment of any
      benefits, will be construed as giving any Participant or other person any
      legal or equitable rights against the Employer, any officer or Employee
      thereof, or the Trustee, except as herein provided. Further, under no
      circumstances will the terms of employment of any Participant be modified
      or otherwise affected by this Plan.

            

    

    

    
      	
              12.2

            	
              Title
      to Assets.
      No Participant or Beneficiary will have any right to, or any interest in,
      any assets of the Trust upon separation from service with the Employer,
      Affiliated Employer, or Adopting Employer, except as otherwise provided by
      the terms of the Plan.

            

    

    

    
      	
              12.3

            	
              Qualified
      Military Service. Notwithstanding any
      other provision of the Plan, contributions, benefits and service credit
      with respect to qualified military service will be provided in accordance
      with Code §414(u).

            

    

    

    
      	
              12.4

            	
              Fiduciaries
      and Bonding.
      Plan Fiduciaries will have only those powers and duties
      specifically given to them under the terms of the Plan. Each fiduciary
      other than a bank, an insurance company, or a fiduciary of an Employer
      which has no common-law employees, will be bonded in an amount not less
      than 10% of the amount of funds under such fiduciary's supervision, but
      the bond will not be less than $1,000 or more than $500,000 (or any other
      amount as required by law). The bond will provide protection to the Plan
      against any loss for acts of fraud or dishonesty by a fiduciary acting
      alone or in concert with others. The cost of such bond will be an expense
      of either the Employer or the Trust, at the election of the Sponsoring
      Employer.

            

    

    

    
      	
              12.5

            	
              Severability
      of Provisions. If any Plan provision
      is held invalid or unenforceable, such invalidity or unenforceability will
      not affect any other provision of this Plan, and this Plan will be
      construed and enforced as if such provision had not been
      included.

            

    

    

    
      	
              12.6

            	
              Gender
      and Number.
      Words used in the masculine gender will be construed as though they were
      also used in the feminine or neuter gender where applicable, and words
      used in the singular form will be construed as though they were also used
      in the plural form where
applicable.

            

    

    

    
      	
              12.7

            	
              Headings
      and Subheadings. Headings and
      subheadings are inserted for convenience of reference. They constitute no
      part of this Plan and are not to be considered in its
      construction.

            

    

    

    
      	
              12.8

            	
              Legal
      Action. In
      any claim, suit or proceeding concerning the Plan and/or Trust which is
      brought against the Trustee or Administrator, this Plan and Trust will be
      construed and enforced according to the laws of the state  where
      the Sponsoring Employer maintains its principal place of business, to the
      extent that is not preempted by ERISA. Furthermore, unless otherwise
      prohibited by law, either the Sponsoring Employer or the Trust, in the
      sole discretion of the Sponsoring Employer, will reimburse the Trustee
      and/or the Administrator for all costs, attorneys fees and other expenses
      associated with any such claim, suit or
  proceeding.

            

    

    

    
      	
              12.9

            	
              Qualified
      Plan Status.
      This Plan and the related Trust Agreement and the related are
      intended to be a qualified retirement plan under the provisions of Code
      §401(a) and §501(a).

            

    

     

    
      	
              12.10

            	
              Mailing
      of Notices to Administrator, Employer or Trustee. Notices, documents or
      forms required to be given to or filed with the Administrator, Employer or
      Committee will be either hand delivered or mailed by first class mail,
      postage prepaid, to the Committee or the Employer, at the Employer's
      principal place of business. Any notices, documents or forms required to
      be given to or filed with the Trustee will be either be hand delivered or
      mailed by first class mail, postage prepaid, to the Trustee at its
      principal place of business.

            

    

    

    
      	
              12.11

            	
              Participant
      Notices and Waivers of Notices. Whenever written
      notice is required to be given under the terms of this Plan, it will be
      deemed to be given on the date such written notice is either hand
      delivered to the recipient or deposited at a United States Postal Service
      Station, first class mail, postage paid. Notice may be waived by any party
      entitled to receive written notice concerning any matter under the terms
      of this Plan.

            

    

     

    
      
        
           

        

        
          -
55 -

          
            

          

        

        
           

        

      

    

     

    
      	
              12.12

            	
              No
      Duplication of Benefits. There will be no
      duplication of benefits under the Plan because of employment by more than
      one participating Employer.

            

    

    

    
      	
              12.13

            	
              Evidence
      Furnished Conclusive. Anyone required to
      give evidence under the terms of the Plan may do so by certificate,
      affidavit, document or other information that the person to act in
      reliance may consider pertinent, reliable and genuine, and to have been
      signed, made or presented by the proper party or parties. The Plan
      Fiduciaries will be fully protected in acting and relying upon any
      evidence described under this
Section.

            

    

    

    
      	
              12.14

            	
              Release
      of Claims.
      A payment to a Participant or Beneficiary, his or her legal
      representative, or to a guardian or committee appointed for such
      Participant or Beneficiary, will, to the extent thereof, be in full
      satisfaction of all claims hereunder against the Administrator and
      Trustee, either of whom may require such Participant, legal
      representative, Beneficiary, guardian or committee, as a condition
      precedent to such payment, to execute a receipt and release thereof in
      such form as determined by the Administrator or
  Trustee.

            

    

    

    
      	
              12.15

            	
              Multiple
      Copies of Plan And/or Trust. This Plan, the related
      Trust Agreement and the related may be executed in any number of
      counterparts, each of which will be deemed an original, but all of which
      will constitute one and the same Agreement or Trust Agreement, as the case
      may be, and will be binding on the respective successors and assigns of
      the Employer and all other parties.

            

    

    

    
      	
              12.16

            	
              Limitation
      of Liability and Indemnification. In addition to and in
      furtherance of any other limitations provided in the Plan, and to the
      extent permitted by applicable law, the Employer will indemnify and hold
      harmless its board of directors (collectively and individually), if any,
      the Administrative/Advisory Committee (collectively and individually), if
      any, and its officers, Employees, and agents against and with respect to
      any and all expenses, losses, liabilities, costs, and claims, including
      legal fees to defend against such liabilities and claims, arising out of
      their good-faith discharge of responsibilities under or incident to the
      Plan, excepting only expenses and liabilities resulting from willful
      misconduct. This indemnity will not preclude such further indemnities as
      may be available under insurance purchased by the Employer or as may be
      provided by the Employer under any by-law, agreement, vote of shareholders
      or disinterested directors, or otherwise, as such indemnities are
      permitted under state law. Payments with respect to any indemnity and
      payment of expenses or fees under this Section will be made only from
      assets of the Employer, and will not be made directly or indirectly from
      assets of the Trust.

            

    

    

    
      	
              12.17

            	
              Written
      Elections and Forms. Whenever the word
      "written" or the words "in writing" are used, such words will include any
      method of communication permitted by the DOL with respect to such
      documentation. In a similar manner, the word "form" will include any other
      method of election permitted under current law. Such alternative methods
      will include, but not be limited to, electronic modes to the extent
      permitted by law.

            

    

    

    
      	
              12.18

            	
              Assignment
      and Alienation of Benefits. Except as may
      otherwise be permitted under Code §401(a)(13)(C), or as may otherwise be
      permitted under a Qualified Domestic Relations Order as provided in
      Section 8.10, or as may otherwise be permitted under Section 7.1 relating
      to loans to Participants, no right or claim to, or interest in, any part
      of the Trust Fund, or any payment therefrom, will be assignable,
      transferable, or subject to sale, mortgage, pledge, hypothecation,
      commutation, anticipation, garnishment, attachment, execution, or levy of
      any kind, and the Trustees will not recognize any attempt to assign,
      transfer, sell, mortgage, pledge, hypothecate, commute, or anticipate the
      same, except to the extent required by
law.

            

    

    

    
      	
              12.19

            	
              Exclusive
      Benefit Rule. All contributions made
      by the Employer or an Affiliated Employer to the Trust Fund will be used
      for the exclusive benefit of the Participants who are Employees of the
      Employer or Affiliated Employer and for their Beneficiaries and will not
      be used for nor diverted to any other purpose except the payment of the
      costs of maintaining the Plan. All contributions made by an Adopting
      Employer who is not an Affiliated Employer will be used for the exclusive
      benefit of the Participants who are Employees of the Adopting Employer and
      for their Beneficiaries and will not be used for nor diverted to any other
      purpose except the payment of the Adopting Employers' proportionate costs
      of maintaining the Plan.

            

    

    

    
      	
              12.20

            	
              Dual
      and Multiple Trusts. Plan assets are may be
      held in two or more separate trusts, or in trust and by an insurance
      company or by a trust and under a custodial agreement. Assets may also be
      held in a common trust.

            

    

     

    
      
        
           

        

        
          -
56 -

          
            

          

        

        
           

        

      

    

     

    This
Plan and Trust have been executed by the Sponsoring Employer and the
Trustees as of the day, month and year set forth on page 1 of this
Agreement.

    

    
      	 
      	
              The
      Bank of South Carolina

            
	 
      	 
      
	 
      	
              By:
      /s/Hugh C. Lane, Jr.

            
	 
      	
              Hugh
      C. Lane, Jr.

            
	 
      	 
      
	 
      	
              Trustees

            
	 
      	 
      
	 
      	
              /s/
      Hugh C. Lane, Jr.

            
	 
      	
              Hugh
      C. Lane, Jr.

            
	 
      	 
      
	 
      	
              /s/T.
      Dean Harton

            
	 
      	
              T.
      Dean Harton

            
	 
      	 
      
	 
      	
              /s/Sheryl
      G. Sharry

            
	 
      	
              Sheryl
      G. Sharry

            

    

     

    
      
         

      

      
        -
57 -

        
          

        

      

      
         

      

    

    Certificate
of Corporate Resolutions of

    

    The
Bank of South Carolina

    

    The
undersigned Secretary of The Bank of South Carolina certifies that the following
resolutions were adopted by the Board of Directors thereof on the date set forth
below.

    

    Resolved,
that the The Bank of South Carolina Employee Stock Ownership Plan, as amended
and restated effective January 1, 2007, a copy of which is attached hereto, is
hereby adopted;

    

    Resolved,
that an authorized representative should deliver an executed copy of the
Plan to the trustees named therein; and

    

    Resolved,
that an authorized representative should take any and all steps necessary
to effectuate the foregoing resolutions.

    

    THIS
CERTIFICATE is executed this 18th day of January, 2007.

    

    
      	 
      	
              /s/Janice
      B. Stanley

            
	 
      	
              Janice
      B. Stanley

            
	 
      	
              Corporate
      SecretaryUnassociated Document

    REGISTRATION RIGHTS
AGREEMENT

     

    Registration
Rights Agreement (the “Agreement”), dated as
of January 28, 2010, by and between Viper Resources, Inc., a corporation organized
under the laws of Nevada, USA with its principal executive office
at  Uptown Center 2100 West Loop South Suite 900 Houston TX
77027 832-476-8941 (the “Company”), and
Dutchess Opportunity Fund, II, LP, a Nevada Limited Partnership, with its
principal office at 50 Commonwealth Avenue, Suite 2, Boston, MA 02116 (the
“Investor”).

     

    Whereas, in connection with the
Investment Agreement by and between the Company and the Investor of this date
(the “Investment
Agreement”), the Company has agreed to issue and sell to the Investor up
to 25,000,000 shares of the Company’s Common Stock, $0.00001 par value per share
(the “Common
Stock”), to be purchased pursuant to the terms and subject to the
conditions set forth in the Investment Agreement; and

    

    Whereas, to induce the Investor
to execute and deliver the Investment Agreement, the Company has agreed to
provide certain registration rights under the Securities Act of 1933, as
amended, and the rules and regulations thereunder, or any similar successor
statute (collectively, the “1933 Act”), and
applicable state securities laws, with respect to the shares of Common Stock
issuable pursuant to the Investment Agreement.

    

    Now therefore, in consideration of the
foregoing promises and the mutual covenants contained hereinafter and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Investor hereby agree as follows:

    

    Section
1.  DEFINITIONS.

    

    As used
in this Agreement, the following terms shall have the following
meanings:

    

    “Execution Date” means
the date of this Agreement set forth above.

    

    “Investor” means
Dutchess Opportunity Fund, II, LP, a Delaware Limited Partnership.

    

    “Person” means a
corporation, a limited liability company, an association, a partnership, an
organization, a business, an individual, a governmental or political subdivision
thereof or a governmental agency.

    

    “Principal Market”
shall mean Nasdaq Capital Market, the NYSE Amex, the New York Stock Exchange,
the Nasdaq Global Market, the Nasdaq Global Select Market, the OTC Bulletin
Board or the Pink Sheets, whichever is the principal market on which the Common
Stock of the Company is listed.

    

    “Register,” “Registered,” and
“Registration”
refer to the Registration effected by preparing and filing one (1) or more
Registration Statements in compliance with the 1933 Act and pursuant to Rule 415
under the 1933 Act or any successor rule providing for offering securities on a
continuous basis (“Rule 415”), and the
declaration or ordering of effectiveness of such Registration Statement(s) by
the United States Securities and Exchange Commission (the “SEC”).

    

    “Registrable
Securities” means (i)
the shares of Common Stock issued or issuable pursuant to the Investment
Agreement, and (ii) any
shares of capital stock issued or issuable with respect to such shares of Common
Stock, if any, as a result of any stock split, stock dividend, recapitalization,
exchange or similar event or otherwise, which have not been (x) included in the
Registration Statement that has been declared effective by the SEC, or (y) sold under circumstances
meeting all of the applicable conditions of Rule 144 (or any similar provision
then in force) under the 1933 Act.

    

    “Registration
Statement” means the registration statement of the Company filed under
the 1933 Act covering the Registrable Securities.

     

    VPRS.EQUITY
LINE.REGISTRATION RIGHTS.January.2010.

    

    
      
        
           

        

        
          1

          
            

          

        

        
           

        

      

    

     

    All
capitalized terms used in this Agreement and not otherwise defined herein shall
have the same meaning ascribed to them as in the Investment
Agreement.

    

    
      Section 2.  REGISTRATION.

    

    

    (a)  The Company
shall, within twenty-one (21) calendar days of the date of this Agreement, file
with the SEC the Registration Statement or Registration Statements (as is
necessary) on Form S-1 (or, if such form is unavailable for such a registration,
on such other form as is available for such registration), covering the resale
of all of the Registrable Securities, which Registration Statement(s) shall
state that, in accordance with Rule 416 promulgated under the 1933 Act, such
Registration Statement also covers such indeterminate number of additional
shares of Common Stock as may become issuable upon stock splits, stock dividends
or similar transactions.  The Company shall initially register for
resale 25,000,000 shares of Common Stock, except to the extent that the SEC
indicates that the share amount be reduced as a condition of
effectiveness.

    

    (b)  The Company
shall use all commercially reasonable efforts to have the Registration
Statement(s) declared effective by the SEC within ninety (90) calendar days
after the date that the Registration Statement is filed.

    

    (c)  The Company
agrees not to include any other securities in the Registration Statement
covering the Registrable Securities without Investor’s prior written consent
which Investor may withhold in its sole discretion. Furthermore, the Company
agrees that it will not file any other Registration Statement for other
securities, until thirty calendar days after the Registration Statement for the
Registrable Securities is declared effective by the SEC except for one
registration statement on Form S-8.

    

    
      Section 3.  RELATED
OBLIGATIONS.

    

    

    At such time as the Company is
obligated to prepare and file the Registration Statement with the SEC pursuant
to Section 2(a), the Company shall have the following obligations with respect
to the Registration Statement:

    

    (a)  The Company
shall use all commercially reasonable efforts to cause such Registration
Statement relating to the Registrable Securities to become effective within
ninety (90) days after the date that the Registration Statement is filed and
shall keep such Registration Statement effective until the earlier to occur
of  the date on which (A) the Investor shall have
sold all the Registrable Securities; or (B) the Company has no right
to sell any additional shares of Common Stock under the Investment Agreement
(the “Registration
Period”).  The Registration Statement (including any amendments
or supplements thereto and prospectuses contained therein) shall not contain any
untrue statement of a material fact or omit to state a material fact required to
be stated therein, or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading. The Company shall use all
commercially reasonable efforts to respond to all SEC comments within ten (10)
business days from receipt of such comments by the Company. The Company shall
use all commercially reasonable efforts to cause the Registration Statement
relating to the Registrable Securities to become effective no later than
five  (5)  business days after notice from the SEC that the
Registration Statement may be declared effective.  The Investor agrees
to provide all information which it is required by law to provide to the
Company, including the intended method of disposition of the Registrable
Securities, and the Company’s obligations set forth above shall be conditioned
on the receipt of such information.

     

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    (b)  The Company
shall prepare and file with the SEC such amendments (including post-effective
amendments) and supplements to the Registration Statement and the prospectus
used in connection with such Registration Statement, which prospectus is to be
filed pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary
to keep such Registration Statement effective during the Registration Period,
and, during such period, comply with the provisions of the 1933 Act with respect
to the disposition of all Registrable Securities of the Company covered by such
Registration Statement until such time as all of such Registrable Securities
shall have been disposed of in accordance with the intended methods of
disposition by the Investor thereof as set forth in such Registration
Statement.  In the event the number of shares of Common Stock covered
by the Registration Statement filed pursuant to this Agreement is at any time
insufficient to cover all of the Registrable Securities, the Company shall amend
such Registration Statement, or file a new Registration Statement (on the short
form available therefor, if applicable), or both, so as to cover all of the
Registrable Securities, in each case, as soon as practicable, but in any event
within thirty (30) calendar days after the necessity therefor arises (based on
the then Purchase Price of the Common Stock and other relevant factors on which
the Company reasonably elects to rely), assuming the Company has sufficient
authorized shares at that time, and if it does not, within thirty (30) calendar
days after such shares are authorized.  The Company shall use
commercially reasonable efforts to cause such amendment and/or new Registration
Statement to become effective as soon as practicable following the filing
thereof.

    

    (c)  The Company
shall make available to the Investor and its legal counsel without charge (i) if requested by the
Investor, promptly after the same is prepared and filed with the SEC at least
one (1) copy of such Registration Statement and any amendment(s) thereto,
including financial statements and schedules, all documents incorporated therein
by reference and all exhibits, the prospectus included in such Registration
Statement (including each preliminary prospectus) and, with regards to such
Registration Statement(s), any correspondence by or on behalf of the Company to
the SEC or the staff of the SEC and any correspondence from the SEC or the staff
of the SEC to the Company or its representatives unless the Company believes
that such correspondence would be material, non-public information; (ii) upon the effectiveness of
any Registration Statement, the Company shall make available copies of the
prospectus, via EDGAR, included in such Registration Statement and all
amendments and supplements thereto; and (iii) such other documents,
including copies of any preliminary or final prospectus, as the Investor may
reasonably request from time to time in order to facilitate the disposition of
the Registrable Securities.

    

    (d)  The Company
shall use commercially reasonable efforts to (i) register and qualify the
Registrable Securities covered by the Registration Statement under such other
securities or “blue sky” laws of such states in the United States as the
Investor reasonably requests; (ii) prepare and file in those
jurisdictions, such amendments (including post-effective amendments) and
supplements to such registrations and qualifications as may be necessary to
maintain the effectiveness thereof during the Registration Period; (iii) take such other actions
as may be necessary to maintain such registrations and qualifications in effect
at all times during the Registration Period, and (iv) take all other actions
reasonably necessary or advisable to qualify the Registrable Securities for sale
in such jurisdictions; provided, however, that the
Company shall not be required in connection therewith or as a condition thereto
to (x) qualify to do
business in any jurisdiction where it would not otherwise be required to qualify
but for this Section 3(d), or (y) subject itself to general
taxation in any such jurisdiction.  The Company shall promptly notify
the Investor who holds Registrable Securities of the receipt by the Company of
any notification with respect to the suspension of the registration or
qualification of any of the Registrable Securities for sale under the securities
or “blue sky” laws of any jurisdiction in the United States or its receipt of
actual notice of the initiation or threatening of any proceeding for such
purpose.

    

    (e)  As promptly as
practicable after becoming aware of such event, the Company shall notify
Investor in writing of the happening of any event as a result of which the
prospectus included in the Registration Statement, as then in effect, includes
an untrue statement of a material fact or omission to state a material fact
required to be stated therein or necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading (“Registration
Default”) and use all diligent efforts to promptly prepare a supplement
or amendment to such Registration Statement and take any other necessary steps
to cure the Registration Default (which, if such Registration Statement is on
Form S-3, may consist of a document to be filed by the Company with the SEC
pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act (as defined below)
and to be incorporated by reference in the prospectus) to correct such untrue
statement or omission, and make available copies of such supplement or amendment
to the Investor. The Company shall also promptly notify the Investor (i) when a prospectus or any
prospectus supplement or post-effective amendment has been filed, and when the
Registration Statement or any post-effective amendment has become effective;
(ii) of any request by
the SEC for amendments or supplements to the Registration Statement or related
prospectus or related information, (iii) of the Company’s
reasonable determination that a post-effective amendment to the Registration
Statement would be appropriate, (iv) in the event the
Registration Statement is no longer effective, or (v) if the Registration
Statement is stale as a result of the Company’s failure to timely file its
financials or otherwise.  If a Registration Default occurs during the period
commencing on the Put Notice Date and ending on the Closing Date, the Company
acknowledges that its failure to cure such a Registration Default within ten
(10) business days will cause the Investor to suffer damages in an amount that
will be difficult to ascertain.

     

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    (f)  The Company
shall use all commercially reasonable efforts to prevent the issuance of any
stop order or other  suspension of effectiveness of the Registration
Statement, or the suspension of the qualification of any of the Registrable
Securities for sale in any jurisdiction and, if such an order or suspension is
issued,  to obtain the withdrawal of such order or suspension at the
earliest possible moment and to notify the Investor holding Registrable
Securities being sold of the issuance of such order and
the  resolution thereof or its receipt of actual notice of the
initiation or threat of any proceeding concerning the effectiveness of the
Registration Statement.

    

    (g)  The Company
shall permit the Investor and one (1) legal counsel, designated by the Investor,
to review and comment upon the Registration Statement and all amendments and
supplements thereto at least one (1) business day prior to their filing with the
SEC.  The Company is not obligated to accept the Investor’s comments
and the Company will notify the Investor at least one (1) business day prior to
filing the Registration Statement that the Investor’s comment or comments will
not be accepted.   However, any postponement of a filing of a
Registration Statement or any postponement of a request for acceleration or any
postponement of the effective date or effectiveness of a Registration Statement
by written request of the Investor (collectively, the "Investor's Delay")
shall not act to trigger any penalty of any kind, or any cash amount due or any
in-kind amount due the Investor from the Company under any and all agreements of
any nature or kind between the Company and the Investor.  The event(s)
of an Investor's Delay shall act to suspend all obligations of any kind or
nature of the Company under any and all agreements of any nature or kind between
the Company and the Investor.

    

    (h)  Intentionally
Omitted.

    

    (i)  The Company
shall hold in confidence and not make any disclosure of information concerning
the Investor unless (i)
disclosure of such information is necessary to comply with federal or
state securities laws, (ii) the disclosure of such
information is necessary to avoid or correct a misstatement or omission in any
Registration Statement, (iii) the release of such
information is ordered pursuant to a subpoena or other final, non-appealable
order from a court or governmental body of competent jurisdiction, (iv) such information has been
made generally available to the public other than by disclosure in violation of
this Agreement or any other agreement, or (v) the Investor has consented
to such disclosure.  The Company agrees that it shall, upon learning
that disclosure of such information concerning the Investor is sought in or by a
court or governmental body of competent jurisdiction or through other means,
give prompt written notice to the Investor and allow the Investor, at the
Investor’s expense, to undertake appropriate action to prevent disclosure of, or
to obtain a protective order covering such information.

    

    (j)  The Company
shall use all commercially reasonable efforts to maintain designation and
quotation of all the Registrable Securities covered by any Registration
Statement on the Principal Market.  The Company shall pay all fees and
expenses in connection with satisfying its obligation under this Section
3(j).

    

    (k)  The Company
shall cooperate with the Investor to facilitate the prompt preparation and
delivery of certificates representing the Registrable Securities to be offered
pursuant to the Registration Statement and enable such certificates to be in
such denominations or amounts, as the case may be, as the Investor may
reasonably request (and after any sales of such Registrable Securities by the
Investor, such certificates not bearing any restrictive legend).

     

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    (l)  The Company
shall provide a transfer agent for all the Registrable Securities not later than
the effective date of the first Registration Statement filed pursuant
hereto.

    

    (m)  If requested by
the Investor, the Company shall (i) as soon as reasonably
practical incorporate in a prospectus supplement or post-effective amendment
such information as the Investor reasonably determines should be included
therein relating to the sale and distribution of Registrable Securities,
including, without limitation, information with respect to the offering of the
Registrable Securities to be sold in such offering; (ii) make all required filings
of such prospectus supplement or post-effective amendment as soon as reasonably
possible after being notified of the matters to be incorporated in such
prospectus supplement or post-effective amendment; and (iii) supplement or make
amendments to any Registration Statement if reasonably requested by the
Investor.

    

    (n)  The Company
shall use all commercially reasonable efforts to cause the Registrable
Securities covered by the applicable Registration Statement to be registered
with or approved by such other governmental agencies or authorities as may be
necessary to facilitate the disposition of such Registrable
Securities.

    

    (o)  The Company
shall otherwise use all commercially reasonable efforts to comply with all
applicable rules and regulations of the SEC in connection with any registration
hereunder.

    

    (p)  Within one (1)
business day after the Registration Statement which includes Registrable
Securities is declared effective by the SEC, the Company shall deliver to the
transfer agent for such Registrable Securities, with copies to the Investor, a
written notification that such Registration Statement has been declared
effective by the SEC.

    

    Section
4.  OBLIGATIONS OF THE
INVESTOR.

    

    (a)  At least five
(5) calendar days prior to the first anticipated filing date of the Registration
Statement  the Company shall notify the Investor in writing of the
information the Company requires from the Investor for the Registration
Statement.  It shall be a condition precedent to the obligations of
the Company to complete the registration pursuant to this Agreement with respect
to the Registrable Securities and the Investor agrees to furnish to the Company
that information regarding itself, the Registrable Securities and the intended
method of disposition of the Registrable Securities as shall reasonably be
required to effect the registration of such Registrable Securities and the
Investor shall execute such documents in connection with such registration as
the Company may reasonably request.  The Investor covenants and agrees
that, in connection with any sale of Registrable Securities by it pursuant to
the Registration Statement, it shall comply with the “Plan of Distribution”
section of the then current prospectus relating to such Registration
Statement.

    

    (b)  The Investor,
by its acceptance of the Registrable Securities, agrees to cooperate with the
Company as reasonably requested by the Company in connection with the
preparation and filing of any Registration Statement hereunder.

    

    (c)  The Investor
agrees that, upon receipt of written notice from the Company of the happening of
any event of the kind described in Section 3(f) or the first sentence of 3(e),
the Investor will immediately discontinue disposition of Registrable Securities
pursuant to any Registration Statement(s) covering such Registrable Securities
until the Investor’s receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3(f) or the first sentence of Section
3(e).

     

    VPRS.EQUITY LINE.REGISTRATION
RIGHTS.January.2010.

     

    
      
        
           

        

        
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      Section 5.  EXPENSES
OF REGISTRATION.

    

    

    All expenses, other than underwriting
discounts and commissions and other than as set forth in the Investment
Agreement, incurred in connection with registrations including comments, filings
or qualifications pursuant to Sections 2 and 3, including, without limitation,
all registration, listing and qualifications fees, printing and accounting fees,
and fees and disbursements of counsel for the Company shall be paid by the
Company.  However, the Investor will pay the costs of its own counsel
to review the Registration Statement, any amendments thereto, and any
correspondence with the SEC.

    

    
      Section 6.  INDEMNIFICATION.

    

    

    In the event any Registrable Securities
are included in the Registration Statement under this
Agreement:

    

    (a)  To the fullest
extent permitted by law, the Company, under this Agreement, will, and hereby
does, indemnify, hold harmless and defend the Investor who holds Registrable
Securities, the directors, officers, partners, employees, counsel, agents,
representatives of, and each Person, if any, who controls, any Investor within
the meaning of the 1933 Act or the Securities Exchange Act of 1934, as amended
(the “1934
Act”) (each, an “Indemnified Person”),
against any actual losses, claims, damages, liabilities, judgments, fines,
penalties, charges, costs, attorneys’ fees, amounts paid in settlement or
expenses, joint or several (collectively, “Claims”), incurred in
investigating, preparing or defending any action, claim, suit, inquiry,
proceeding, investigation or appeal taken from the foregoing by or before any
court or governmental, administrative or other regulatory agency, body or the
SEC, whether pending or threatened, whether or not an indemnified party is or
may be a party thereto (“Indemnified
Damages”), to which any of them may become subject insofar as such Claims
(or actions or proceedings, whether commenced or threatened, in respect thereof)
arise out of or are based upon: (i) any untrue statement or
alleged untrue statement of a material fact in the Registration Statement or any
post-effective amendment thereto or in any filing made in connection with the
qualification of the offering under the securities or other “blue sky” laws of
any jurisdiction in which the Investor has requested in writing that the Company
register or qualify the Shares (“Blue Sky Filing”), or
the omission or alleged omission to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the
circumstances under which the statements therein were made, not misleading,
(ii) any untrue
statement or alleged untrue statement of a material fact contained in the final
prospectus (as amended or supplemented, if the Company files any amendment
thereof or supplement thereto with the SEC) or the omission or alleged omission
to state therein any material fact necessary to make the statements made
therein, in light of the circumstances under which the statements therein were
made, not misleading, or (iii) any violation or alleged
violation by the Company of the 1933 Act, the 1934 Act, any other law,
including, without limitation, any state securities law, or any rule or
regulation thereunder relating to the offer or sale of the Registrable
Securities pursuant to the Registration Statement (the matters in the foregoing
clauses (i) through (iii) being, collectively, “Violations”).  Subject
to the restrictions set forth in Section 6(c) the Company shall reimburse the
Investor and each such controlling person, promptly as such expenses are
incurred and are due and payable, for any actual, reasonable legal fees or other
reasonable expenses incurred by them in connection with investigating or
defending any such Claim. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6(a): (i) shall not apply to a Claim
arising out of or based upon a Violation which is due to the inclusion in the
Registration Statement of the information furnished to the Company by any
Indemnified Person expressly for use in connection with the preparation of the
Registration Statement or any such amendment thereof or supplement thereto;
(ii) shall not be
available to the extent such Claim is based on (a) a failure of the Investor
to deliver or to cause to be delivered the prospectus made available by the
Company or (b) the
Indemnified Person’s use of an incorrect prospectus despite being promptly
advised in advance by the Company in writing not to use such incorrect
prospectus;  (iii) any claims based on the
manner of sale of the Registrable Securities by the Investor or of the
Investor’s failure to register as a dealer under applicable securities laws;
(iv) any omission of the
Investor to notify the Company of any material fact that should be stated in the
Registration Statement or prospectus relating to the Investor or the manner of
sale; and (v) any
amounts paid in settlement of any Claim if such settlement is effected without
the prior written consent of the Company, which consent shall not be
unreasonably withheld.  Such indemnity shall remain in full force and
effect regardless of any investigation made by or on behalf of the Indemnified
Person and  shall survive the resale of the Registrable Securities by
the Investor pursuant to the Registration Statement.

     

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    (b)  In connection
with any Registration Statement in which Investor is participating, the Investor
agrees to severally and jointly indemnify, hold harmless and defend, to
the  same extent and in the same manner as is set forth in Section
6(a), the Company, each of its  directors, each of its officers who
signs the Registration Statement, each Person, if any, who controls the Company
within the meaning of the 1933 Act or the 1934 Act and the Company’s agents
(collectively and together with an Indemnified Person, an “Indemnified Party”),
against any Claim or Indemnified Damages to which any of them may become
subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim or
Indemnified Damages arise out of or are based upon any Violation, in each case
to the extent, and only to the extent, that such Violation is due to (i) the
inclusion in the Registration Statement of the written information furnished to
the Company by the Investor expressly for use in connection with such
Registration Statement, (ii) a failure of the Investor to deliver or to cause to
be delivered the prospectus made available by the Company or the Investor’s use
of an incorrect prospectus despite being timely advised by the Company in
writing not to use such incorrect prospectus; (iii) the Investor’s failure to
register as a dealer under applicable securities laws; or (iv) any omission of
the Investor to notify the Company of any material fact that should be stated in
the Registration Statement or prospectus relating to the Investor or the manner
of sale; and, subject to Section 6(c), the Investor will reimburse any legal or
other expenses reasonably incurred by them in connection with investigating or
defending any such Claim; provided, however, that the
indemnity agreement contained in this Section 6(b) and the agreement with
respect to contribution contained in Section 7 shall not apply to amounts paid
in settlement of any Claim if such settlement is effected without the prior
written consent of the Investor, which consent shall not be unreasonably
withheld; provided, further, however, that the Investor shall only be liable
under this Section 6(b) for  that amount of a Claim or Indemnified
Damages as does not exceed the net proceeds to such Investor as a result of the
sale of Registrable Securities pursuant to such Registration
Statement.  Such indemnity shall remain in full force and effect
regardless of any investigation made by or on behalf of such Indemnified Party
and shall survive the resale of the Registrable Securities by the Investor
pursuant to the Registration Statement.

    

    (c)  Promptly after
receipt by an Indemnified Person or Indemnified Party under this Section 6 of
notice of the commencement of any action or proceeding (including any
governmental action or proceeding) involving a Claim, such Indemnified Person or
Indemnified Party shall, if a Claim in respect thereof is to be made against any
indemnifying party under this Section 6, deliver to the indemnifying party a
written notice of the commencement thereof, and the indemnifying party shall
have the right to participate in, and, to the extent the indemnifying party so
desires, jointly with any other indemnifying party similarly noticed, to assume
control of the defense thereof with counsel mutually satisfactory to the
indemnifying party and the Indemnified Person or the Indemnified Party, as the
case may be; provided, however, that an Indemnified Person or Indemnified Party
shall have the right to retain its own counsel with the fees and expenses to be
paid by the indemnifying party, if, in the reasonable opinion of counsel
retained by the Indemnified Person or Indemnified Party, the representation by
counsel of the Indemnified Person or Indemnified Party and the indemnifying
party would be inappropriate due to actual or potential differing interests
between such Indemnified Person or Indemnified Party and any other party
represented by such counsel in such proceeding.  The indemnifying
party shall pay for only one (1) separate legal counsel for the Indemnified
Persons or the Indemnified Parties, as applicable, and such counsel shall be
selected by the Investor, if the Investor is entitled to indemnification
hereunder, or the Company, if the Company is entitled to indemnification
hereunder, as applicable.  The Indemnified Party or Indemnified Person
shall cooperate fully with the indemnifying party in connection with any
negotiation or defense of any such action or Claim by the indemnifying party and
shall furnish to the indemnifying party all information reasonably available to
the Indemnified Party or Indemnified Person which relates to such action or
Claim.  The indemnifying party shall keep the Indemnified Party or
Indemnified Person fully apprised at all times as to the status of the defense
or any settlement negotiations with respect thereto.  No indemnifying
party shall be liable for any settlement of any action, claim or proceeding
affected without its written consent, provided, however, that the indemnifying
party shall not unreasonably withhold, delay or condition its consent. No
indemnifying party shall, without the consent of the Indemnified Party or
Indemnified Person, consent to entry of any judgment or enter into any
settlement or other compromise which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to such Indemnified Party or
Indemnified Person of a release from all liability in respect to such
Claim.  Following indemnification as provided for hereunder, the
indemnifying party shall be subrogated to all rights of the Indemnified Party or
Indemnified Person with respect to all third parties, firms or corporations
relating to the matter for which indemnification has been made.  The
failure to deliver written notice to the indemnifying party within a reasonable
time of the commencement of any such action shall not relieve such indemnifying
party of any liability to the Indemnified Person or Indemnified Party under this
Section 6, except to the extent that the indemnifying party is prejudiced in its
ability to defend such action.

     

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    (d)  The indemnity
agreements contained herein shall be in addition to (i) any cause of action or
similar right of the Indemnified Party or Indemnified Person against the
indemnifying party or others, and (ii) any liabilities the
indemnifying party may be subject to pursuant to the law.

    

    Section
7.  CONTRIBUTION.

    

    To the extent any indemnification by an
indemnifying party is prohibited or limited by law, the indemnifying party
agrees to make the maximum contribution with respect to any amounts for which it
would otherwise be liable under Section 6 to the fullest extent permitted by
law; provided, however,
that: (i) no
contribution shall be made under circumstances where the maker would not have
been liable for indemnification under the fault standards set forth in Section
6; (ii) no seller of
Registrable Securities guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from
any seller of Registrable Securities who was not guilty of fraudulent
misrepresentation; and (iii)
contribution by any seller of Registrable Securities shall be limited in
amount to the net amount of proceeds received by such seller from the sale of
such Registrable Securities.

    

    
      Section
8.  REPORTS UNDER THE 1934
ACT.

    

    

    With a view to making available to the
Investor the benefits of Rule 144 promulgated under the 1933 Act or any other
similar rule or regulation of the SEC that may at any time permit the Investor
to sell securities of the Company to the public without registration (“Rule 144”), provided
that the Investor holds any Registrable Securities are eligible for resale under
Rule 144 and such information is necessary in order for the Investor to sell
such Securities pursuant to Rule 144, the Company agrees to:

    

    (a)           make
and keep public information available, as those terms are understood and defined
in Rule 144;

    

    (b)           file
with the SEC in a timely manner all reports and other documents required of the
Company under the 1933 Act and the 1934 Act so long as the Company remains
subject to such requirements (it being understood that nothing herein shall
limit the Company’s obligations under Section 5(c) of the Investment Agreement)
and the filing of such reports and other documents is required for the
applicable provisions of Rule 144; and

    

    (c)           furnish
to the Investor, promptly upon request, (i) a written statement by the
Company that it has complied with the reporting requirements of Rule 144, the
1933 Act and the 1934 Act, (ii) a copy of the most recent
annual or quarterly report of the Company and such other reports and documents
so filed by the Company, and (iii) such other information
as may be reasonably requested to permit the Investor to sell such securities
pursuant to Rule 144 without registration.

    

    Section
9.  NO
ASSIGNMENT OF REGISTRATION RIGHTS.

    

    The rights and obligations under this
Agreement shall not be assignable.

     

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    Section
10.  AMENDMENT OF REGISTRATION
RIGHTS.

     

    The provisions of this Agreement may be
amended only with the written consent of the Company and Investor.

    

    Section
11.  MISCELLANEOUS.

    

    (a)  Any notices or
other communications required or permitted to be given under the terms of this
Agreement that must be in writing will be deemed to have been delivered (i) upon receipt, when
delivered personally; (ii)
upon receipt, when sent by facsimile or email with the signed document
attached in PDF format (provided a confirmation of transmission is mechanically
or electronically generated and kept on file by the sending party); or (iii) one (1) day after
deposit with a nationally recognized overnight delivery service, in each case
properly addressed to the party to receive the same.  The addresses
and facsimile numbers for such communications shall be:

    

    If to the
Company:

    

    Viper
Resources Inc.

    Uptown
Center

    2100 West
Loop South Suite 900

    Houston
TX 77027

    Telephone:
832-476-8941

    Facsimile:
832-218-3687

    

    If to the
Investor:

    

    
      Dutchess
Opportunity Fund, II, LP

    

    
      50
Commonwealth Ave, Suite 2

    

    
      Boston,
MA 02116

    

    
      Telephone:
(617) 301-4700

    

    
      Facsimile:  (617)
249-0947

    

    

    Each party shall provide five (5)
business days prior notice to the other party of any change in address, phone
number, facsimile number or e-mail address.

    

    (b)  Failure of any
party to exercise any right or remedy under this Agreement or otherwise, or
delay by a party in exercising such right or remedy, shall not operate as a
waiver thereof.

    

    (c)   This
Agreement and the Investment Agreement constitute the entire agreement among the
parties hereto with respect to the subject matter hereof and
thereof.  There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein and
therein.

    

    (d)  This Agreement
and the Investment Agreement supersede all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof and
thereof.

    

    (e) The headings in this
Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof.  Whenever required by the context of this
Agreement, the singular shall include the plural and masculine shall include the
feminine.  This Agreement shall not be construed as if it had been
prepared by one of the parties, but rather as if all the parties had prepared
the same.

    

    (f)  This Agreement
may be executed in two or more identical counterparts, each of which shall be
deemed an original but all of which shall constitute one and the same
agreement.  This Agreement, once executed by a party, may be delivered
to the other party hereto by facsimile transmission or by e-mail delivery of a
PDF format  of a copy of this Agreement bearing the signature of the
party so delivering this Agreement.

     

    VPRS.EQUITY LINE.REGISTRATION
RIGHTS.January.2010.

     

    
      
        
           

        

        
          9

          
            

          

        

        
           

        

      

    

    

    (g)  Each party
shall do and perform, or cause to be done and performed, all such further acts
and things, and shall execute and deliver all such other agreements,
certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this
Agreement and the consummation of the transactions contemplated
hereby.

    

    (h) In case any provision of
this Agreement is held by a court of competent jurisdiction to be excessive in
scope or otherwise invalid or unenforceable, such provision shall be adjusted
rather than voided, if possible, so that it is enforceable to the maximum extent
possible, and the validity and enforceability of the remaining provisions of
this Agreement will not in any way be affected or impaired
thereby.

    

    Section
12.  DISPUTES SUBJECT TO
ARBITRATION GOVERNED BY MASSACHUSETTS LAW

    

    All disputes arising under this
agreement shall be governed by and interpreted in accordance with the laws of
the Commonwealth of Massachusetts, without regard to principles of conflict of
laws.  The parties to this agreement will submit all disputes arising
under this agreement to arbitration in Boston, Massachusetts before a single
arbitrator of the American Arbitration Association (“AAA”).  The
arbitrator shall be selected by application of the rules of the AAA, or by
mutual agreement of the parties, except that such arbitrator shall be an
attorney admitted to practice law in the Commonwealth of
Massachusetts.  No party to this agreement will challenge the
jurisdiction or venue provisions as provided in this section.  Nothing
contained herein shall prevent the party from obtaining an
injunction.

     

    *.*.*

     

    VPRS.EQUITY
LINE.REGISTRATION RIGHTS.January.2010.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    SIGNATURE
PAGE OF REGISTRATION RIGHTS AGREEMENT

     

    Your
signature on this Signature Page evidences your agreement to be bound by the
terms and conditions of the Investment Agreement and the Registration Rights
Agreement as of the date first written above.

     

    The
undersigned signatory hereby certifies that he has read and understands the
Registration Rights Agreement, and the representations made by the undersigned
in this Registration Rights Agreement are true and accurate, and agrees to be
bound by its terms.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 
      	
                                            DUTCHESS
      OPPORTUNITY FUND, II, LP,

                                          
	 
      	 
      
	 
      	
                                            By:

                                          	      
                                            /s/
      Douglas H. Leighton

                                          	 
      
	 
      	 
      	
                                            Douglas
      H. Leighton

                                          
	 
      	 
      	
                                            Managing
      Member of:

                                          
	 
      	 
      	
                                            Dutchess
      Capital Management, II, LLC

                                          
	 
      	 
      	
                                            General
      Partner to:

                                          
	 
      	 
      	
                                            Dutchess
      Opportunity Fund, II, LP

                                          
	 
      	 
      	 
      
	 
      	 
      	
                                            VIPER
      RESOURCES, INC.  

                                          
	 	 	 
	 
      	
                                             

                                          	
                                            By: 

                                          	/s/
      Massimiliano Pozzoni	 
      
	 
      	 
      	 	
                                            Massimiliano
      Pozzoni, Chief Executive

                                            Officer
      & President

                                          
	 	 	 	 
	 	 	 	 	 

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    VPRS.EQUITY
LINE.REGISTRATION RIGHTS.January.2010.

     

    
      
        
           

        

        
          11

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