Document:

Exhibit 10.26
	 

	 ADOPTION
		AGREEMENT #01005

	 PROTOTYPE
		UNLIMITED PROFIT-SHARING

	 PLAN
		AND TRUST

	  

	 The
		undersigned Employer hereby adopts the Sponsor’s Prototype Unlimited
		Profit-Sharing Plan in the form of a nonstandardized Plan, as set out in this
		Adoption Agreement and the Prototype Defined Contribution Plan Document #01,
		and agrees that the following definitions, elections and terms shall be part of
		such Plan.

	  

	 
			
				GENERAL
				  INFORMATION
 

 

	 

	 1.    
		(a)  
		Name
		& Street Address of Employer:

	 BioFuel
		Energy, L.L.C.

	 1801
		Broadway, Suite 1060

	 Denver
		CO 80202

	  

	 
			 	
				(b)

					
				Employer:
				  (X) is
				  (   ) is not part of a Controlled Group or Affiliated Service
				  Group. If “yes”, complete Attachment A.
 

 

	  

	 2. Phone:
		(303)
		592-8110

	  

	 3. Trustee/Custodian:
		Michael
		N. Stefanoudakis or Scott H Pearce

	  

	 4. Type of
		Business Entity:    (   )
		C Corporation, Date of Incorporation __________

	 
			 	 	
				(   )
				  S Corporation, Date of Incorporation __________
 

 

	 
			 	 	
				(   )
				  Partnership; (   ) Sole Proprietor
 

 

	 
			 	 	
				(X) Other:
				  L.L.C.

				

 

	  

	 5. Employer’s
		Taxable Year: 12-31

	  

	 6. EIN #:
		20-4667370

	  

	 7. 3-Digit
		Plan Number: 001

	  

	 8. Business
		Code: 325900

	  

	 9. Plan
		Administrator: (X)
		(a) Employer

	                
		(   ) (b) Other
		(Specify): ____________________

	  

	 10. Sponsor:     
		Penserv,
		Inc.

	 
			 	
				Address:

					
				420
				  Dresher Road, Suite 100
 

 

	 
			 	 	
				Horsham
				  PA 19004
 

 

	 
			 	
				Phone:

					
				(215)
				  444-9812
 

 

	  

	 11. Depository: MFS
		Investments

	 
			 	 	
				500
				  Boylston Street
 

 

	 
			 	 	
				Boston
				  MA
 

 

	  

	 12. This is
		a: (X) (a) new plan
		with an effective date of: 05-01-2006

	  

	 
			 	
				(   )

					
				(b)

					
				restatement
				  of a plan previously adopted by the Employer with an effective date of:
				  __________ and an initial effective date of: __________
 

 

	  

	 (   ) (c) amendment
		of a plan with an effective date of:  and an
		initial effective date of: __________

	  

	 
			 	
				(   )

					
				(d)

					
				merger,
				  amendment and restatement of the __________ and the _______________ into the
				  _______________. The Effective Date of the merger is: __________. The initial
				  Effective Date of the surviving plan was: __________.
 

 

	  

	 
			 	
				(   )

					
				(e)

					
				restatement
				  of the ___________effective __________, and a restatement of the __________
				  effective ___________, and a merger of the ___________ into
				  the___________.
 

 

	  

	 2

	 
 
	  

	 13. This
		Plan shall be governed by the laws of: Colorado

	  

	 14. Plan
		Year shall mean:

	  

	 
			 	
				(   )

					
				(a)

					
				calendar
				  year; or
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				the
				  12-consecutive month period beginning on ________;or
 

 

	  

	 
			 	
				(X)

					
				(c)

					
				an
				  initial short Plan Year beginning on 05-01-2006 and
				  ending on 12-31-2006 and
				  thereafter the 12-consecutive month period beginning on 01-01 and
				  ending on 12-31.

				

 

	  

	 15. The
		Limitation Year shall mean:

	  

	 
			 	
				(   )

					
				(a)

					
				calendar
				  year; or
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				the
				  12-consecutive month period beginning on _____________;or
 

 

	  

	 
			 	
				(X)

					
				(c)

					
				an
				  initial short Plan Year beginning on 05-01-2006 and
				  ending on 12-31-2006 and
				  thereafter the 12-consecutive month period beginning on 01-01 and
				  ending on 12-31.

				

 

	  

	 16. Valuation
		Date(s) is (are):

	  

	 
			 	
				(X)

					
				(a)

					
				daily;

				

 

	  

	 
			 	
				(   )

					
				(b)

					
				the last
				  day of the Plan Year; or
 

 

	  

	 
			 	
				(   )

					
				(c)

					
				the last
				  day of the following months of the Plan Year: ____________________

				

 

	  

	 
			 	
				(   )

					
				(d)

					
				other:
				  ______________________________
 

 

	  

	 17. Compensation
		shall mean all of each Participant’s:

	  

	 (a)  
		(X) (1) Form W-2
		wages; or

	  

	 
			 	
				(   )

					
				(2)

					
				Section
				  3401(a) wages; or
 

 

	  

	 
			 	
				(   )

					
				(3)

					
				415
				  Safe-Harbor Compensation.
 

 

	  

	 
			 	
				(b)

					
				Compensation
				  shall be determined over the following Determination period:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				the Plan
				  Year; or
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				a
				  consecutive 12-month period ending with or within the Plan Year. Enter the day
				  and the month this period begins: ____ (day) ____ (month). For Employees whose
				  date of hire is less than 12 months before the end of the 12-month period
				  designated, Compensation will be determined over the Plan Year.

				

 

	  

	 
			 	
				(c)

					
				Compensation
				  (X) shall
				  (   ) shall not include Employer Contributions made pursuant to
				  a salary reduction agreement which are not includible in gross income of the
				  Employee under Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B) or 403(b) of
				  the Code.
 

 

	  

	 
			 	
				(d)

					
				For
				  purposes of allocating Employer Contributions, Compensation (X) shall
				  (   ) shall not include amounts paid prior to a
				  Participant’s Entry Date.
 

 

	  

	 
			 	
				(e)

					
				Compensation
				  for purposes of determining the allocation of Employer Contributions shall not
				  include:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				overtime;

				

 

	  

	 
			 	
				(   )

					
				(2)

					
				bonuses;

				

 

	  

	 
			 	
				(   )

					
				(3)

					
				other
				  (specify): ______________________________
 

 

	  

	 
			 	
				(X)

					
				(4)

					
				no
				  exclusions (must be elected if allocation is integrated with Social
				  Security).
 

 

	  

	 18. (a) Early
		Retirement Age shall mean:

	  

	 
			 	
				(   )

					
				(1)

					
				not
				  applicable;
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				age
				  55 (not
				  less than age 55) and completion of 0 Years
				  of Service.
 

 

	  

	 3

	  

	 
 
	  

	 
			 	
				(b)

					
				Normal
				  Retirement Age shall mean:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				age
				  59 (not to
				  exceed age 65); or
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				the
				  later of age ___ (not to exceed age 65) and the ___ (not to exceed 5th)
				  anniversary of the Participation Commencement Date. If, for Plan Years
				  beginning before January 1, 1988, Normal Retirement Age was determined with
				  reference to the anniversary of the Participation Commencement Date (more than
				  5 but not to exceed 10 years), the anniversary date for Participants who first
				  commenced participation under the Plan before the first Plan Year beginning on
				  or after January 1, 1988, shall be the earlier of (a) the tenth anniversary of
				  the date the Participant commenced participation in the Plan (or such
				  anniversary as had been elected by the Employer, if less than 10) or (b) the
				  fifth anniversary of the first day of the first Plan Year beginning on or after
				  January 1, 1988. The Participation Commencement Date is the first day of the
				  first Plan Year in which the Participant commenced participation in the
				  Plan.
 

 

	  

	 
			 	
				(c)

					
				Definition
				  of Highly Compensated Employee:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				In
				  determining who is a Highly Compensated Employee the Employer makes a top paid
				  group election. The effect of this election is that an Employee (who is not a
				  5-percent owner at any time during the Determination year or the look-back
				  year) with Compensation in excess of $80,000 (as adjusted) for the look-back
				  year is a Highly Compensated Employee only if the Employee was in the top-paid
				  group for the look-back year.
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				In
				  determining who is a Highly Compensated Employee (other than as a 5-percent
				  owner) the Employer makes a calendar year data election. The effect of this
				  election is that the look-back year is the calendar year beginning with or
				  within the look-back year.
 

 

	  

	 
			
				ELIGIBILITY

				

 

	 

	 19. All
		Employees of the Employer (including employers required to be aggregated under
		Sections 414(b),(c), (m), or (o) of the Code) will be eligible to participate
		in this Plan except the following:

	  

	 
			 	
				(X)

					
				(a)

					
				Employees
				  who have not attained age 18 (Cannot
				  exceed age 21).
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				Employees
				  who have not completed 1/12 Year(s)
				  of Service. (Cannot exceed 1 year unless the Plan provides a nonforfeitable
				  right to 100 percent of the Participant’s account balance derived from
				  Employer Contributions after not more than 2 Years of Service in which case up
				  to 2 years is permissible. If the Year(s) of Service selected is or includes a
				  fractional year, an Employee will not be required to complete any specified
				  number of Hours of Service to receive credit for such fractional
				  year.)
 

 

	  

	 20. All
		Employees who are members of eligible classes of Employees shall be eligible to
		participate in the Plan except:

	  

	 
			 	
				(X)

					
				(a)

					
				Employees
				  included in a unit of Employees covered by a Collective Bargaining Agreement as
				  described in Section 14.07 of the Plan.
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				Employees
				  who are Nonresident Aliens as described in Section 14.25 of the
				  Plan.
 

 

	  

	 
			 	
				(   )

					
				(c)

					
				Employees
				  who become Employees as the result of a “§410(b)(6)(C)
				  transaction”. These Employees will be excluded during the period beginning
				  on the date of the transaction and ending on the last day of the first Plan
				  Year beginning after the date of the transaction. A “§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 trade or
				  business.
 

 

	  

	 
			 	
				(   )

					
				(d)

					
				Employees
				  of the following employer(s) aggregated with the Employer under Section 414(b),
				  (c), (m), or (o) of the Code:
				  ___________________________________________
 

 

	  

	 
			 	
				(X)

					
				(e)

					
				Employees
				  leased from: All

				

 

	  

	 
			 	
				(   )

					
				(f)

					
				Hourly
				  Rated Employees
 

 

	  

	 4

	  

	 
 
	  

	 
			 	
				(X)

					
				(g)

					
				Other
				  (specify): All
				  independent contactors
 

 

	  

	 21. Eligibility
		under the Plan will be extended to all Employees who satisfied the eligibility
		requirements of this Plan with the following prior employer(s):
		________________________________________

	  

	 22. The
		eligibility and service requirements in Item #19 above (X) are
		(   ) are not waived with respect to Employees employed on the
		Effective Date of this Plan. If these requirements are waived, such Employees
		shall become Participants in the Plan as of the Effective Date of the
		Plan.

	  

	 
			
				SERVICE

				

 

	 

	 23. 
		Service
		for eligibility and vesting will be determined on the basis of the method
		selected below. Only one method may be selected and such method will be applied
		to all Employees covered under the Plan.

	  

	 
			 	
				(X)

					
				(a)

					
				On the
				  basis of actual hours for which an Employee is paid or entitled to
				  payment.
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				On the
				  basis of days worked. An Employee will be credited with ten (10) hours of
				  service if under Section 14.21 of the Plan such Employee would be credited with
				  at least one (1) Hour of Service during the day.
 

 

	  

	 
			 	
				(   )

					
				(c)

					
				On the
				  basis of weeks worked. An Employee will be credited with forty-five (45) Hours
				  of Service if under Section 14.21 of the Plan such Employee would be credited
				  with at least one (1) Hour of Service during the week.
 

 

	  

	 
			 	
				(   )

					
				(d)

					
				On the
				  basis of semi-monthly payroll periods. An Employee will be credited with
				  ninety-five (95) Hours of Service if under Section 14.21 of the Plan such
				  Employee would be credited with at least one (1) Hour of Service during the
				  semi-monthly payroll period.
 

 

	  

	 
			 	
				(   )

					
				(e)

					
				On the
				  basis of months worked. An Employee will be credited with one hundred ninety
				  (190) Hours of Service if under Section 14.21 of the Plan such Employee would
				  be credited with at least one (1) Hour of Service during the
				  month.
 

 

	  

	 
			 	
				(   )

					
				(f)

					
				On the
				  basis of Elapsed Time, as provided for in Section 14.37(b) of the Plan. (Do not
				  complete Items 24 and 25).
 

 

	  

	 24. A Year
		of Service shall mean a 12-consecutive month period during which an Employee
		completes at least 1000 (not to
		exceed 1000) Hours of Service with the Employer.

	  

	 25. A Break
		in Service shall mean a 12-consecutive month period during which an Employee
		does not complete more than 500 (not to
		exceed 500) Hours of Service.

	  

	 26. Subsequent
		Eligibility Computation Periods under Section 2.02(a) shall commence
		with:

	  

	 
			 	
				(   )

					
				(a)

					
				the
				  anniversary of the Employee’s Employment Commencement Date;
				  or
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				the Plan
				  Year which commences prior to the Employee’s first anniversary of his
				  Employment Commencement Date.
 

 

	  

	 27. Subsequent
		Vesting Computation Periods under Section 5.03(b) shall commence
		with:

	  

	 
			 	
				(   )

					
				(a)

					
				the
				  anniversary of the Employee’s Employment Commencement Date;
				  or
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				the Plan
				  Year which commences prior to the Employee’s first anniversary of his
				  Employment Commencement Date.
 

 

	  

	 
			
				ENTRY
				  DATE
 

 

	 

	 28. An
		Employee who has completed the eligibility requirements shall enter the Plan on
		the following Entry Date:

	  

	 
			 	
				(   )

					
				(a)

					
				There
				  are no age and service requirements. Entry Date shall mean the Employee’s
				  date of employment.
 

 

	  

	 5

	  

	 
 
	  

	 
			 	
				(   )

					
				(b)

					
				the day
				  on which the Employee satisfies the eligibility requirements.

				

 

	  

	 
			 	
				(   )

					
				(c)

					
				the
				  first day of the Plan Year in which the Employee satisfies the eligibility
				  requirements.
 

 

	  

	 
			 	
				(   )

					
				(d)

					
				the
				  first day of the first month or the first day of the 7th month of the Plan Year
				  coinciding with or next following the satisfaction of the Plan’s
				  eligibility requirements.
 

 

	  

	 
			 	
				(   )

					
				(e)

					
				the
				  first day of the month in which the Employee satisfies the eligibility
				  requirements.
 

 

	  

	 
			 	
				(X)

					
				(f)

					
				the
				  first day of the following month after the Employee satisfies the eligibility
				  requirements.
 

 

	  

	 
			 	
				(   )

					
				(g)

					
				the
				  first day of the Plan Year which immediately follows the Plan Year in which the
				  Employee satisfies the eligibility requirements.
 

 

	  

	 Note:
		Option (g) may not be selected unless the maximum age and service requirements
		selected under Items #19 and 51 are reduced by 1/2 year.

	  

	 
			 	
				(   )

					
				(h)

					
				the
				  first day of each of the following months of the Plan Year (must include the
				  1st and the 7th month of the Plan Year): ____________________

				

 

	  

	 
			 	
				(   )

					
				(i)

					
				Other:
				  ____________________
 

 

	  

	 29. 
		Notwithstanding
		the Entry Date selected in Item 28 above, an Employee who has completed the
		eligibility requirements as of 12-01-2006 will (leave blank if inapplicable)
		will become a Participant immediately on such date, or the Entry Date specified
		in Item 28, if earlier.

	  

	 
			
				EMPLOYER
				  CONTRIBUTIONS
 

 

	 

	 
			
				30.

					
				(   )

					
				Employer
				  Contributions will be allocated to each Participant in the ratio that such
				  Participant’s Compensation bears to the Compensation of all Participants.
				  Note:
				  If this Item is selected, Item 35 does not apply.

				

 

	  

	 31. Employer
		Contributions (   ) shall (X) shall
		not be limited to the Employer’s current or accumulated
		profits.

	  

	 32. Uniform
		Points Allocation Formula (   ) shall (X) shall
		not apply.

	  

	 
			 	
				(   )

					
				(a)

					
				Each
				  Participant will receive ____ points for each (must select age or
				  service)
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				____
				  Years of Age; or
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				____
				  Years of Service
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				Each
				  Participant will receive the following points for:
 

 

	  

	 (1) ____
		points for ____ Years of Age; plus

	  

	 (2) ____
		points for ____ Years of Service.

	  

	 
			 	
				(c)

					
				Each
				  Participant’s allocation shall bear the same relationship to the Employer
				  Contribution as his or her total points bears to all points
				  awarded.
 

 

	  

	 33. Employer
		Profit Sharing Contributions for a Plan Year shall be allocated as of the final
		Valuation Date of the Plan Year as follows:

	  

	 
			 	
				(X)

					
				(a)

					
				Employer
				  Contributions for a Plan Year shall be allocated among the accounts of each
				  Participant who:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				is
				  credited with an Hour of Service for the Plan Year.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				is
				  credited with ____ (not to exceed 1,000) Hours of Service for the Plan
				  Year.
 

 

	  

	 
			 	
				(X)

					
				(3)

					
				is
				  credited with 1000 (not to
				  exceed 1,000) Hours of Service for the Plan Year and is employed by the
				  Employer on the last day of the Plan Year.
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				A
				  Participant who retires during the Plan Year shall share in Employer
				  Contributions:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				regardless
				  of the Participant’s satisfaction of the requirements of 33(a)
				  above.
 

 

	  

	 6

	  

	 
 
	  

	 
			 	
				(   )

					
				(2)

					
				only if
				  the Participant satisfies the requirements of 33(a) above.
 

 

	  

	 
			 	
				(X)

					
				(c)

					
				A
				  Participant who dies during the Plan Year shall share in Employer
				  Contributions:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				regardless
				  of the Participant’s satisfaction of the requirements of 33(a)
				  above.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				only if
				  the Participant satisfies the requirements of 33(a) above.
 

 

	  

	 
			 	
				(X)

					
				(d)

					
				A
				  Participant who becomes Disabled during the Plan Year shall share in Employer
				  Contributions:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				regardless
				  of the Participant’s satisfaction of the requirements of 33(a)
				  above.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				only if
				  the Participant satisfies the requirements of 33(a) above.
 

 

	  

	 
			 	
				(X)

					
				(e)

					
				Participants
				  who terminate employment during the Plan Year with less than 1000 Hours
				  of Service and who are not Employees as of the last day of the Plan Year
				  (   ) shall (X) shall
				  not receive an allocation of Employer Contributions.
 

 

	  

	 34.  
		The
		Employer (X) shall
		(   ) shall not make contributions on behalf of Disabled
		Participants on the basis of the Compensation each such Participant would have
		received for the Limitation Year if the Participant had been paid at the rate
		of Compensation paid immediately before becoming permanently and totally
		disabled. Such imputed Compensation for the Disabled Participant may be taken
		into account only if the Participant is not a Highly Compensated Employee, and
		contributions made on behalf of such Participant will be nonforfeitable when
		made. Compensation will mean Compensation as that term is defined in Section
		14.39 of the Plan.

	  

	 
			
				SOCIAL
				  SECURITY INTEGRATION
 

 

	 

	 35. The
		allocation of Employer Contributions and forfeitures (X) shall
		(   ) shall not be integrated with Social Security.

	  

	 36. If the
		allocation of Employer Contributions and forfeitures is integrated with Social
		Security complete the following:

	  

	 
			 	
				(a)

					
				The
				  Integration Level will be:
 

 

	  

	 
			 	
				(   )

					
				1.

					
				$_____
				  (may not exceed the Taxable Wage Base).
 

 

	  

	 
			 	
				(X)

					
				2.

					
				the
				  Taxable Wage Base in effect on the first day of each Plan Year.

				

 

	  

	 
			 	
				(   )

					
				3.

					
				____% of the
				  Taxable Wage Base in effect on the first day of each Plan Year (may not exceed
				  100%).
 

 

	  

	 
			 	
				(b)

					
				The
				  Excess Contribution Percentage (which may not exceed the Profit-Sharing Maximum
				  Disparity Rate described in Section 3.04(e) of the Plan) will be 5.7.

				

 

	  

	 
			
				EMPLOYEE
				  CONTRIBUTIONS
 

 

	 

	 
			
				37.

					
				(a)

					
				Employee
				  Rollover Contributions (   ) will, or (X) will,
				  but only after becoming a Participant, or (   ) will not be
				  permitted.
 

 

	  

	 
			 	
				(b)

					
				Employee
				  Transfer Contributions (   ) will, or (X) will,
				  but only after becoming a Participant, or (   ) will not be
				  permitted.
 

 

	  

	 
			 	
				(c)

					
				Employee
				  Nondeductible Contributions (   ) will, or (X) will
				  not be permitted.
 

 

	  

	 
			 	
				(d)

					
				Employee
				  Mandatory Contributions (   ) will, or (X) will
				  not be permitted.
 

 

	  

	 7

	  

	 
 
	  

	 
			
				VESTING
				  AND FORFEITURE REQUIREMENTS
 

 

	 

	 38.  
		Each
		Participant’s vested percentage in his Employer Contribution Account shall
		be determined as follows:

	  

	 Note:
		The Employer may choose one Formula from (a), and must choose one from (b)
		below. Failure to make an election under (a) shall mean the election under (b)
		shall always apply.

	  

	 
			 	
				(a)

					
				Non-Top-Heavy
				  Vesting Formulas: The following Vesting Formula shall apply in years in which
				  the Plan is not Top-Heavy.
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				Vesting
				  Formula #1 - 100% vested after ______ (not to exceed five) Years of
				  Service.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				Vesting
				  Formula #2:
 

 

	  

	 
			
				Years
				  of Service
 	
				Vested
				  Percentage
 	 
	
				Less
				  than 1
 	
				__________

					 
	
				1

					
				__________

					 
	
				2

					
				__________

					 
	
				3

					
				__________

					
				(not
				  less than 20%)
 
	
				4

					
				__________

					
				(not
				  less than 40%)
 
	
				5

					
				__________

					
				(not
				  less than 60%)
 
	
				6

					
				__________

					
				(not
				  less than 80%)
 
	
				7 or
				  more
 	
				100%

					 

 

	 

	 
			 	
				(X)

					
				(3)

					
				The
				  Top-Heavy Vesting Formula selected below shall apply at all times.

				

 

	  

	 
			 	
				(b)

					
				Top-Heavy
				  Vesting Formulas: The following Vesting Formula shall apply in years in which
				  the Plan is Top-Heavy.
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				Vesting
				  Formula #3 - 100% vested at all times
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				Vesting
				  Formula #4 - 100% vested after ________ (not to exceed three) Years of
				  Service.
 

 

	  

	 
			 	
				(X)

					
				(3)

					
				Vesting
				  Formula #5
 

 

	  

	 
			
				Years
				  of Service
 	
				Vested
				  Percentage
 	 
	
				Less
				  than 1
 	
				0

					 	 
	
				1

					
				34

					 	 
	
				2

					
				67

					
				 
 	
				(not
				  less than 20%)
 
	
				3

					
				100

					 	
				(not
				  less than 40%)
 
	
				4

					
				100

					 	
				(not
				  less than 60%)
 
	
				5

					
				100

					 	
				(not
				  less than 80%)
 
	
				6

					
				100

					%	 

 

	 

	 If the
		Vesting Formula under the Plan shifts in or out of the above Formula for any
		Plan Year because of the Plan’s Top-Heavy status, such shift is an
		amendment of the Vesting Formula and the election in Section 12.03 of the Plan
		applies.

	  

	 
			 	
				(   )

					
				(c)

					
				All
				  Participants as of ___________ will be 100% vested as of the earlier of such
				  date or the date specified by the Vesting Formula selected above.

				

 

	  

	 
			
				39.

					
				(a)

					
				All of
				  an Employee’s Years of Service with the Employer are counted to determine
				  the nonforfeitable percentage in the Employee’s account balance derived
				  from Employer Contributions except:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				Years of
				  Service before age 18.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				Years of
				  Service during a period for which the Employee made no Mandatory
				  Contributions.
 

 

	  

	 
			 	
				(   )

					
				(3)

					
				Years of
				  Service before the Employer maintained this Plan or a predecessor
				  plan.
 

 

	  

	 
			 	
				(   )

					
				(4)

					
				Years of
				  Service before January 1, 1971, unless the Employee has had at least 3 Years of
				  Service after December 31, 1970.
 

 

	  

	 8

	  

	 
 
	  

	 
			 	
				(   )

					
				(5)

					
				Years of
				  Service before the effective date of ERISA if such service would have been
				  disregarded under the Break in Service rules of the prior plan in effect from
				  time to time before such date. For these purposes, Break in Service rules are
				  rules which result in the loss of prior vesting or benefit accruals, or which
				  deny an employee eligibility to participate, by reason of separation or failure
				  to complete a required period of service within a specified period of
				  time.
 

 

	  

	 
			 	
				(b)

					
				Years of
				  Service for eligibility and vesting purposes will also include:

				

 

	  

	 
			 	
				(   )

					
				(1)

					
				Years of
				  Service with the following named predecessor employers:
				  _______________________
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				Years of
				  Service with the following named predecessor employers during the time a
				  qualified plan was maintained: _______________________
 

 

	  

	 40. Nonelective
		contribution forfeitures not used to restore Participant’s Accounts will
		be (choose one):

	  

	 
			 	
				(   )

					
				(a)

					
				allocated
				  in addition to the Employer Contributions;
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				used to
				  reduce otherwise required Employer Contributions; or
 

 

	  

	 
			 	
				(   )

					
				(c)

					
				used to
				  reduce Employer Matching Contributions and any remainder allocated in addition
				  to the Employer Contribution.
 

 

	  

	 41. Forfeitures
		arising on account of distribution of a Participant’s vested benefit,
		shall be allocated as of the last day of the Plan Year which is concurrent with
		or next follows:

	  

	 
			 	
				(X)

					
				(a)

					
				Employee’s
				  termination of employment;
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				Employee
				  having incurred a 1-year Break in Service;
 

 

	  

	 
			 	
				(   )

					
				(c)

					
				Employee
				  having incurred 2 consecutive 1-year Breaks in Service; or
 

 

	  

	 (   )
		(d) Employee having incurred 5 consecutive 1-year Breaks in
		Service.

	  

	 
			
				TOP-HEAVY
				  REQUIREMENTS
 

 

	 

	 42. Top-Heavy
		Status of Plan:

	  

	 
			 	
				(   )

					
				(a)

					
				The Plan
				  is deemed to be a Top-Heavy Plan and Article VIII shall apply at all
				  times.
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				Article
				  VIII shall apply only if the Plan is or becomes a Top-Heavy Plan.

				

 

	  

	 43. Present
		Value: For purposes of establishing present value to compute the Top-Heavy
		Ratio, any benefit shall be discounted only for mortality and interest based on
		the following: Interest Rate: ____%
		Mortality Table: ____

	  

	 Valuation
		Date: For purposes of computing the Top-Heavy Ratio the Valuation Date shall be
		_____ of each year.

	  

	 (X) Not
		applicable, the Employer does not maintain a defined benefit plan.

	  

	 44. If the
		Employer maintains another plan or plans covering any Participant under this
		Plan, the minimum allocation requirements applicable to Top-Heavy
		Plans:

	  

	 
			 	
				(X)

					
				(a)

					
				will be
				  met in this Plan.
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				will not
				  be met in this Plan but will be met in the following plan or plans:
				  _______________________
 

 

	  

	 45. If any
		minimum allocation is required under Article VIII such allocations shall be
		made to the following Participants:

	  

	 
			 	
				(   )

					
				(a)

					
				all
				  Participants; or
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				only
				  Non-Key Employees who are Participants.
 

 

	  

	 46. The
		benefit options under the Plan include the following (check all options which
		apply):

	  

	 
			 	
				(X)

					
				(a)

					
				Single
				  sum payment.
 

 

	  

	 9

	  

	 
 
	  

	 
			 	
				(X)

					
				(b)

					
				Installment
				  Payments over Single or Joint Life Expectancy.
 

 

	  

	 
			 	
				(   )

					
				(c)

					
				Annuity
				  Payments over the life or joint lives of the Participant and
				  Beneficiary.
 

 

	  

	 
			 	
				(   )

					
				(d)

					
				If under
				  the Plan a benefit will be paid in the form of a Joint and Survivor Annuity,
				  the survivor annuity will be:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				50%

				

 

	  

	 
			 	
				(   )

					
				(2)

					
				100%

				

 

	  

	 
			 	
				(   )

					
				(3)

					
				____% (not
				  less than 50% and not greater than 100%) of the annuity payable during the
				  joint lives of the Participant and Spouse.
 

 

	  

	 If
		“(c)” is selected such annuity shall become the normal form of
		retirement benefit.

	  

	 
			
				DISTRIBUTIONS

				

 

	 

	 47. Unless
		earlier distribution is required by Sections 10.02 or 5.04 of the Plan, if a
		Participant terminates employment for a reason other than retirement on or
		after the Participant’s Normal Retirement Age, death or Disability of the
		Participant, the Participant shall be eligible for payment of benefits as soon
		as administratively feasible following the:

	  

	 
			 	
				(   )

					
				(a)

					
				last day
				  of the Plan Year coincident with or next following the date of
				  termination.
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				last day
				  of Plan Year after the Participant incurs ____ (up to 5) consecutive 1-year
				  Breaks in Service.
 

 

	  

	 
			 	
				(X)

					
				(c)

					
				date of
				  termination.
 

 

	  

	 
			
				48.

					
				(a)

					
				In-Service
				  distributions (X) are
				  (   ) are not available.
 

 

	  

	 
			 	
				(b)

					
				The
				  following In-Service provisions apply to this Plan (check all that apply to
				  this Plan and the contribution to which they apply):
 

 

	  

	 
			
				(   ) 
				  (1) The 24-month rule;
 	
				(   )
				  Nonelective
 	
				(   )
				  Voluntary/Mandatory
 	
				(   )
				  Matching
 
	
				(   )
				   (2) The 60-month participation rule;
 	
				(   )
				  Nonelective
 	
				(   )
				  Voluntary/Mandatory
 	
				(   )
				  Matching
 
	
				(X) 
				  (3) Hardship distribution provisions;
 	
				(X)
				  Nonelective
 	
				(   )
				  Voluntary/Mandatory
 	
				(X)
				  Matching
 
	
				(X) 
				  (4) Financial Hardship
 	
				(X)
				  Elective Deferrals
 	
				(   )
				  Other: _________________
 
	
				(X)
				   (5) Attainment of age 59.5

					
				(X)
				  Nonelective
 	
				(   )
				  Voluntary/Mandatory
 	
				(X)
				  Matching
 
	
				(X)
				   (6) Attainment of age 59 1/2
 	
				(X)
				  Elective Deferrals
 	 	 

 

	 

	 
			 	
				(c)

					
				Rollover/Transfer
				  Contributions are available for distribution:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				at any
				  time; or
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				based on
				  the Nonelective distribution rules of the Plan.
 

 

	  

	 
			 	
				(d)

					
				The
				  Required Beginning Date of a Participant with respect to a Plan is (select
				  one):
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				the
				  April 1 of the calendar year following the calendar in which the Participant
				  attains age 701⁄2.
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				the
				  April 1 of the calendar year following the calendar year in which the
				  Participant attains age 701⁄2, except that benefit distributions to a
				  Participant (other than a 5-percent owner) with respect to benefits accrued
				  after the later of the Adoption or Effective Date of the amendment to the Plan
				  must commence by the later of the April 1 of the calendar year following the
				  calendar year in which the Participant attains age 701⁄2 or
				  retires.
 

 

	  

	 
			 	
				(   )

					
				(3)

					
				the
				  later of the April 1 of the calendar year following the calendar year in which
				  the Participant attains age 701⁄2 or retires except that benefit
				  distributions to a 5-percent owner must commence by the April 1 of the calendar
				  year following the calendar year in which the Participant attains age
				  701⁄2. (Also select (i), (ii), and/or (iii), whichever is applicable.
				  (iii) must be selected to the extent that there would otherwise be an
				  elimination of a preretirement age 701⁄2 distribution option for Employees
				  older than those listed above.)
 

 

	  

	 10

	  

	 
 
	  

	 (   )
		(i)     Any
		Participant attaining age 701⁄2 in years after 1995 may elect by April 1
		of the calendar year following the year in which the Participant attained age
		701⁄2 , (or by December 31, 1997 in the case of a Participant attaining
		age 701⁄2 in 1996) to defer distributions until the calendar year
		following the calendar year in which the Participant retires. If no such
		election is made the Participant will begin receiving distributions by the
		April 1 of the calendar year following the year in which the Participant
		attained age 701⁄2 (or by December 31, 1997 in the case of a Participant
		attaining age 701⁄2 in 1996)

	  

	 
			 	
				(   )

					
				(ii)

					
				Any
				  Participant attaining age 701⁄2 in years prior to 1997 may elect to stop
				  distributions and recommence by the April 1 of the calendar year following the
				  year in which the Participant retires. There is either (select
				  one)
 

 

	  

	 (   ) (A) a new
		Annuity Starting Date upon recommencement, or

	  

	 (   ) (B) no new
		Annuity Starting Date upon recommencement.

	  

	 
			 	
				(   )

					
				(iii)

					
				The
				  preretirement age 701⁄2 distribution option is only eliminated with
				  respect to Employees who reach age 701⁄2 in or after a calendar year that
				  begins after the later of December 31, 1998, or the adoption date of the
				  amendment. The preretirement age 701⁄2 distribution option is an optional
				  form of benefit under which benefits payable in a particular distribution form
				  (including any modifications that may be elected after benefit commencement)
				  commence at a time during the period that begins on or after January 1 of the
				  calendar year in which an Employee attains age 701⁄2 and ends April 1 of
				  the immediately following calendar year.
 

 

	  

	 
			
				LOAN
				  PROVISIONS
 

 

	 

	 49. Loans to
		Participants (X) are
		(   ) are not available.

	  

	 
			
				INSURANCE
				  PROVISIONS
 

 

	 

	 50. 
		The
		Trustee (   ) shall (X) shall
		not be authorized to purchase life insurance contracts on the lives of the
		Participants; and shall purchase such life insurance at the direction of the
		(   ) Plan Administrator (   ) the
		Participant.

	  

	 
			
				INVESTMENT
				  PROVISIONS
 

 

	 

	 51. The
		Trustee shall invest in accordance with the provisions of the Trust Agreement
		attached hereto.

	  

	 52.  
		If
		elected below, the Trustee is authorized to invest an amount not to exceed the
		percentage of Plan assets specified in qualified employer securities (as
		defined in Section 407(d)(5) of ERISA).

	  

	 
			 	
				(   )

					
				(a)

					
				Investment
				  in qualified employer securities is not permitted.
 

 

	  

	 
			 	
				(X)

					
				(b)

					
				Investment
				  in qualified employer securities is permitted in an amount not to exceed
				  50% of Plan
				  assets.
 

 

	  

	 
			
				CASH
				  OR DEFERRED PLAN ELECTIONS
 

 

	 

	 
			
				Note:

					
				The
				  following CODA provisions shall apply: (X)
				  Traditional 401(k) (Article XV
				  applies); (   ) Safe Harbor 401(k) (Article XVI
				  applies); or (   ) SIMPLE 401(k) (Article XVII
				  applies).
 

 

	  

	 11

	  

	 
 
	  

	 53. Eligibility
		and Service Requirements:

	  

	 
			 	
				(a)

					
				Elective
				  Deferrals:
 

 

	  

	 (1) Each
		Employee will be eligible to participate in this Plan in accordance with
		Section 15.01, except the following:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  who have not attained age 18.
				  (Cannot exceed age 21).
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who have not completed 1/12 Year(s)
				  of Service. (Cannot exceed one year)
 

 

	  

	 (2) All
		Employees who are members of eligible classes of employees shall be eligible to
		participate in the Plan except:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  included in a unit of Employees covered by a Collective Bargaining Agreement as
				  described in Section 14.07 of the Plan.
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who are Nonresident Aliens as described in Section 14.25 of the
				  Plan.
 

 

	  

	 
			 	
				(   )

					
				(iii)

					
				Employees
				  who become Employees as the result of a “§410(b)(6)(C)
				  transaction”. These Employees will be excluded during the period beginning
				  on the date of the transaction and ending on the last day of the first Plan
				  Year beginning after the date of the transaction. A “§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 trade or
				  business.
 

 

	  

	 
			 	
				(   )

					
				(iv)

					
				Employees
				  of the following employer(s) aggregated with the Employer under Section 414(b),
				  (c), (m), or (o) of the Code:
				  ______________________________________________
 

 

	  

	 
			 	
				(X)

					
				(v)

					
				Employees
				  leased from: All

				

 

	  

	 
			 	
				(   )

					
				(vi)

					
				Hourly
				  Rated Employees
 

 

	  

	 
			 	
				(X)

					
				(vii)

					
				Other
				  (specify): All
				  independent contractors
 

 

	  

	 (3)  
		The
		eligibility and service requirements outlined above (X) are
		(   ) are not waived with respect to Employees employed on the
		Effective Date of this Plan. If these requirements are waived, such Employees
		shall become Participants in the Plan as of the Effective Date of the
		Plan.

	  

	 
			 	
				(b)

					
				Qualified
				  Matching Contributions:
 

 

	  

	 (1) Each
		Employee will be eligible to participate in this Plan in accordance with
		Section 15.01, except the following:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  who have not attained age 18.
				  (Cannot exceed age 21).
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who have not completed 1/12 Year(s)
				  of Service. (Cannot exceed two years)
 

 

	  

	 (2) All
		Employees who are members of eligible classes of Employees shall be eligible to
		participate in the Plan except:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  included in a unit of Employees covered by a Collective Bargaining Agreement as
				  described in Section 14.07 of the Plan.
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who are Nonresident Aliens as described in Section 14.25 of the
				  Plan.
 

 

	  

	 
			 	
				(   )

					
				(iii)

					
				Employees
				  who become Employees as the result of a “§410(b)(6)(C)
				  transaction”. These Employees will be excluded during the period beginning
				  on the date of the transaction and ending on the last day of the first Plan
				  Year beginning after the date of the transaction. A “§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 trade or
				  business.
 

 

	  

	 
		
		  	 	( 
				   )	
				   (iv)
					 Employees of the following employer(s) aggregated with the Employer under
					 Section 414(b), (c), (m), or (o) of the Code:
					 ______________________________
 

 
 

	  

	 
			 	
				(X)

					
				(v)

					
				Employees
				  leased from: All

				

 

	  

	 
			 	
				(   )

					
				(vi)

					
				Hourly
				  Rated Employees
 

 

	  

	 12

	  

	 
 
	  

	 
			 	
				(X)

					
				(vii)

					
				Other
				  (specify): All
				  independent contractors
 

 

	  

	 (3)  
		The
		eligibility and service requirements outlined above (X) are
		(   ) are not waived with respect to Employees employed on the
		Effective Date of this Plan. If these requirements are waived, such Employees
		shall become Participants in the Plan as of the Effective Date of the
		Plan.

	  

	 
			 	
				(c)

					
				Qualified
				  Nonelective Contributions:
 

 

	  

	 (1)  
		Each
		Employee will be eligible to participate in this Plan in accordance with
		Section 15.01, except the following:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  who have not attained age 18.
				  (Cannot exceed age 21).
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who have not completed 1/12 Year(s)
				  of Service. (Cannot exceed two years)
 

 

	  

	 (2)  
		All
		Employees who are members of eligible classes of Employees shall be eligible to
		participate in the Plan except:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  included in a unit of Employees covered by a Collective Bargaining Agreement as
				  described in Section 14.07 of the Plan.
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who are Nonresident Aliens as described in Section 14.25 of the
				  Plan.
 

 

	  

	 
			 	
				(   )

					
				(iii)

					
				Employees
				  who become Employees as the result of a “§410(b)(6)(C)
				  transaction”. These Employees will be excluded during the period beginning
				  on the date of the transaction and ending on the last day of the first Plan
				  Year beginning after the date of the transaction. A “§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 trade or
				  business.
 

 

	  

	 
			 	
				(   )

					
				(iv)

					
				Employees
				  of the following employer(s) aggregated with the Employer under Section 414(b),
				  (c), (m), or (o) of the Code:
				  ______________________________________________
 

 

	  

	 
			 	
				(X)

					
				(v)

					
				Employees
				  leased from: All

				

 

	  

	 
			 	
				(   )

					
				(vi)

					
				Hourly
				  Rated Employees
 

 

	  

	 
			 	
				(X)

					
				(vii)

					
				Other
				  (specify): All
				  independent contractors
 

 

	  

	 (3)  
		The
		eligibility and service requirements outlined above (X) are
		(   ) are not waived with respect to Employees employed on the
		Effective Date of this Plan. If these requirements are waived, such Employees
		shall become Participants in the Plan as of the Effective Date of the
		Plan.

	  

	 
			 	
				(d)

					
				Matching
				  Contributions:
 

 

	  

	 (1) Each
		Employee will be eligible to participate in this Plan in accordance with
		Section 15.01, except the following:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  who have not attained age 18.
				  (Cannot exceed age 21).
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who have not completed 1/12 Year(s)
				  of Service. (Cannot exceed two years)
 

 

	  

	 (2) All
		Employees who are members of eligible classes of Employees shall be eligible to
		participate in the Plan except:

	  

	 
			 	
				(X)

					
				(i)

					
				Employees
				  included in a unit of Employees covered by a Collective Bargaining Agreement as
				  described in Section 14.07 of the Plan.
 

 

	  

	 
			 	
				(X)

					
				(ii)

					
				Employees
				  who are Nonresident Aliens as described in Section 14.25 of the
				  Plan.
 

 

	  

	 
			 	
				(   )

					
				(iii)

					
				Employees
				  who become Employees as the result of a “§410(b)(6)(C)
				  transaction”. These Employees will be excluded during the period beginning
				  on the date of the transaction and ending on the last day of the first Plan
				  Year beginning after the date of the transaction. A “§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 trade or
				  business.
 

 

	  

	 
			 	
				(   )

					
				(iv)

					
				Employees
				  of the following employer(s) aggregated with the Employer under Section 414(b),
				  (c), (m), or (o) of the Code:
				  ______________________________________________
 

 

	  

	 13

	  

	 
 
	  

	 
			 	
				(X)

					
				(v)

					
				Employees
				  leased from: All

				

 

	  

	 
			 	
				(   )

					
				(vi)

					
				Hourly
				  Rated Employees
 

 

	  

	 
			 	
				(X)

					
				(vii)

					
				Other
				  (specify): All
				  independent contractors
 

 

	  

	 (3)  
		The
		eligibility and service requirements outlined above (X) are
		(   ) are not waived with respect to Employees employed on the
		Effective Date of this Plan. If these requirements are waived, such Employees
		shall become Participants in the Plan as of the Effective Date of the
		Plan.

	  

	 54. Elective
		Deferrals:

	  

	 
			 	
				(a)

					
				Amount
				  of Elective Deferrals: A Participant may elect to have his Compensation reduced
				  by the following percentage or amount per pay period, or for a specified pay
				  period or periods, as designated in writing to the Plan
				  Administrator:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				an
				  amount of at least 1% but not
				  in excess of 50% of a
				  Participant’s Compensation.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				an
				  amount of at least $_______
				  but not in excess of ________ of a Participant’s
				  Compensation.
 

 

	  

	 
			 	
				(   )

					
				(3)

					
				a
				  percentage determined each year by the proprietor, partners, or Board of
				  Directors of the Employer and communicated to the Participants on or before the
				  pay period or periods in which such amount is deferred.
 

 

	  

	 Note:
		No Participant shall be permitted to have Elective Deferrals made under this
		Plan during any calendar year in excess of the dollar limitation contained in
		Section 402(g) of the Code in effect at the beginning of such taxable
		year.

	  

	 
			 	
				(b)

					
				Timing
				  of Elective Deferrals:
 

 

	  

	 (1)   A
		Participant may elect to commence Elective Deferrals as of the first
		day of each calendar month (Date
		must be at least once each calendar year). Such election shall become effective
		as of the 1st pay
		period following the pay period during which the Participant’s election to
		commence Elective Deferrals was made, or as soon as administratively feasible
		thereafter. Such election may not be made retroactively.

	  

	 (2)  
		The
		Participant will be permitted to change or discontinue the amount of his
		deferral election effective the beginning of the pay period coincident with or
		next following the “Change Date(s)” elected below:

	  

	 
			 	
				(   )

					
				(i)

					
				first
				  day of the first month of the Plan Year.
 

 

	  

	 
			 	
				(   )

					
				(ii)

					
				first
				  day of the first or the seventh month of the Plan Year.
 

 

	  

	 
			 	
				(   )

					
				(iii)

					
				first
				  day of the first, fourth, seventh and tenth months of the Plan
				  Year.
 

 

	  

	 
			 	
				(X)

					
				(iv)

					
				first
				  day of each month.
 

 

	  

	 
			 	
				(   )

					
				(v)

					
				each (at
				  least annually): ______________________________
 

 

	  

	 (3) 
		If a
		Participant elects to stop his Elective Deferrals at a time other than on a
		Change Date, he will be permitted to start again on:

	  

	 
			 	
				(X)

					
				(i)

					
				the
				  Change Date next following the date Elective Deferrals were
				  stopped.
 

 

	  

	 
			 	
				(   )

					
				(ii)

					
				the
				  Change Date following _____ after the Elective Deferrals were
				  stopped.
 

 

	  

	 
			 	
				(c)

					
				Bonus
				  Payments:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				A
				  Participant may base Elective Deferrals on cash bonuses that at the
				  Participant’s election, may be contributed to the CODA or received by the
				  Participant in cash.
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				A
				  Participant shall be afforded a reasonable period to elect to defer amounts
				  described in Subsection (a) above. Such election shall become effective as of
				  the 1st (enter
				  number) pay period following the pay period during which the Participant’s
				  election to make such Elective Deferrals was made, or as soon as
				  administratively feasible thereafter.
 

 

	  

	 14

	  

	 
 
	  

	 55. Matching
		Contributions:

	  

	 
			 	
				(a)

					
				The
				  Employer will make Matching Contributions to the Plan on behalf
				  of:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				all
				  Participants; or
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				all
				  Participants who are Nonhighly Compensated Employees.
 

 

	  

	 
			 	
				(b)

					
				Hours of
				  Service requirement for allocation:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				Employees
				  who are employed by the Employer on the last day of the Plan Year with less
				  than 1000 (not to
				  exceed 1,000) Hours of Service for the Plan Year (   ) shall
				  (X) shall
				  not receive an allocation of Matching Contributions.
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				Employees
				  who terminate employment during the Plan Year with less than 1000 (not to
				  exceed 1,000) Hours of Service and who are not Employees as of the last day of
				  the Plan Year (   ) shall (X) shall
				  not receive an allocation of Matching Contributions.
 

 

	  

	 
			 	
				(c)

					
				Such
				  Participants in (a) above will receive Matching Contributions with respect
				  to:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				Elective
				  Deferrals; and/or
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				Employee
				  Contributions to the Plan.
 

 

	  

	 
			 	
				(d)

					
				The
				  Employer shall contribute on behalf of each Participant a Matching Contribution
				  equal to:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				____
				  percent of the Participant’s Elective Deferrals.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				____
				  percent of the Participant’s Employee Contributions.
 

 

	  

	 
			 	
				(   )

					
				(3)

					
				the
				  Employer shall not match amounts provided in excess of $__________,
				  or in excess of ____ percent, of the Participant’s
				  Compensation.
 

 

	  

	 (X) 
		(4) an amount, if any, determined by the Employer.

	  

	 
			 	
				(e)

					
				If
				  hardship distributions are permitted, Matching Contributions
				  (   ) will (X) will
				  not be made with respect to Elective Deferrals withdrawn by the Plan Year end
				  on a (   ) first in, first out basis (X) last
				  in, first out basis.
 

 

	  

	 
			 	
				(f)

					
				Matching
				  Contribution Compensation Period: Matching Contributions will be based on the
				  following compensation period: ( ) weekly (X)
				  bi-weekly (   ) quarterly (   ) annual
				  (   ) other: ______________________________
 

 

	  

	 
			
				56.

					
				(a)

					
				Vesting
				  of Matching Contributions: Matching Contributions will be vested in accordance
				  with the following Vesting Formula (choose one):
 

 

	  

	 
		
		  	 	
				  (   )

				  	
				  (1)

				  	
				  nonforfeitable
					 when made.
 

 
 

	  

	  

	 
			 	
				(X)

					
				(2)

					
				the
				  Profit-Sharing Plan’s general Vesting Formula, other than that for
				  Elective Deferrals.
 

 

	  

	 
			 	
				(   )

					
				(3)

					
				other
				  (Must be one listed under Item 38): ______________________________

				

 

	  

	 
			 	
				(b)

					
				Forfeitures
				  not used to restore Participant’s Matching Account will be (choose
				  one):
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				allocated
				  in addition to Employer Contributions;
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				used to
				  reduce otherwise required Employer Contributions; or
 

 

	  

	 
			 	
				(X)

					
				(3)

					
				used to
				  reduce Employer Matching Contributions and any remainder allocated in addition
				  to the Employer Contributions.
 

 

	  

	 57. Qualified
		Matching Contributions:

	  

	 
			 	
				(a)

					
				The
				  Employer will make Qualified Matching Contributions to the Plan on behalf
				  of:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				all
				  Participants; or
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				all
				  Participants who are Nonhighly Compensated Employees.
 

 

	  

	 
			 	
				(b)

					
				Hours of
				  Service requirement for allocation:
 

 

	  

	 15

	  

	 
 
	  

	 
			 	
				(   )

					
				(1)

					
				Employees
				  who are employed by the Employer on the last day of the Plan Year with less
				  than ____ (not to exceed 1,000) Hours of Service for the Plan Year
				  (   ) shall (   ) shall not receive an allocation
				  of Qualified Matching Contributions.
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				Employees
				  who terminate employment during the Plan Year with less than 1000 (not to
				  exceed 1,000) Hours of Service and who are not Employees as of the last day of
				  the Plan Year (   ) shall (X) shall
				  not receive an allocation of Qualified Matching Contributions.

				

 

	  

	 
			 	
				(c)

					
				Such
				  Participants in (a) above will receive Qualified Matching Contributions with
				  respect to:
 

 

	  

	 
			 	
				(X)

					
				(1)

					
				Elective
				  Deferrals; and/or
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				Employee
				  Contributions to the Plan.
 

 

	  

	 
			 	
				(d)

					
				The
				  Employer shall contribute on behalf of each Participant a Qualified Matching
				  Contribution equal to:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				____
				  percent of the Participant’s Elective Deferrals.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				____
				  percent of the Participant’s Employee Contributions.
 

 

	  

	 
			 	
				(   )

					
				(3)

					
				the
				  Employer shall not match amounts provided in excess of $____, or
				  in excess of ____ percent, of the Participant’s Compensation.

				

 

	  

	 
			 	
				(X)

					
				(4)

					
				an
				  amount, if any, determined by the Employer.
 

 

	  

	 
			 	
				(e)

					
				If
				  hardship distributions are permitted, Matching Contributions
				  (   ) will (X) will
				  not be made with respect to Elective Deferrals withdrawn by the Plan Year end
				  on a (   ) first in, first out basis (X) last
				  in, first out basis.
 

 

	  

	 
			 	
				(f)

					
				Qualified
				  Matching Contribution Compensation Period: Qualified Matching Contributions
				  will be based on the following compensation period:
 

 

	  

	 (   )
		weekly (   ) bi-weekly (   ) quarterly
		(X) annual
		(   ) other: ______________________________

	  

	 58. Qualified
		Nonelective Contributions:

	  

	 
			 	
				(a)

					
				The
				  Employer (X) shall
				  (   ) shall not make Qualified Nonelective Contributions to the
				  Plan. If the Employer does make such contributions to the Plan, then the amount
				  of such contributions for each Plan Year shall be:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				____
				  percent (not to exceed 15%) of the Compensation of all Participants eligible to
				  share in the allocation.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				percent
				  of the net profits, but in no event more than $__________
				  for any
				  Plan Year.
 

 

	  

	 
			 	
				(X)

					
				(3)

					
				an
				  amount, if any, determined by the Employer.
 

 

	  

	 
			 	
				(b)

					
				Hours of
				  Service requirement for allocation:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				Employees
				  who are employed by the Employer on the last day of the Plan Year with less
				  than ____ (not to exceed 1,000) Hours of Service for the Plan Year
				  (   ) shall (   ) shall not receive an allocation
				  of Qualified Nonelective Contributions.
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				Employees
				  who terminate employment during the Plan Year with less than 1000 (not to
				  exceed 1,000) Hours of Service and who are not Employees as of the last day of
				  the Plan Year (   ) shall (X) shall
				  not receive an allocation of Qualified Nonelective Contributions.

				

 

	  

	 
			 	
				(c)

					
				The
				  allocation of Qualified Nonelective Contributions shall be made to the accounts
				  of:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				all
				  Participants; or
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				only
				  Nonhighly Compensated Participants.
 

 

	  

	 
			 	
				(d)

					
				The
				  allocation of Qualified Nonelective Contributions shall be made:

				

 

	  

	 
			 	
				(X)

					
				(1)

					
				in the
				  ratio which each Participant’s Compensation for the Plan Year bears to the
				  total Compensation of all Participants for such Plan Year.
 

 

	  

	 16

	  

	 
 
	  

	 
			 	
				(   )

					
				(2)

					
				in the
				  ratio which each Participant’s Compensation not in excess of $______
				  for the Plan Year bears to the total Compensation of all Participants not in
				  excess of $______
				  for such Plan Year.
 

 

	  

	 
			59.	
				Actual
				  Deferral Percentage Test:
 

 

	  

	 
			 	
				(a)

					
				Qualified
				  Matching Contributions and Qualified Nonelective Contributions may be taken
				  into account as Elective Deferrals for purposes of calculating the Actual
				  Deferral Percentage. In determining Elective Deferrals for the purpose of the
				  ADP Test, the Employer shall include:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				Qualified
				  Matching Contributions; and/or
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				Qualified
				  Nonelective Contributions under this Plan or any other Plan of the Employer, as
				  provided by regulations under the Code.
 

 

	  

	 
			 	
				(b)

					
				The
				  amount of Qualified Matching Contributions made under Section 14.86 and taken
				  into account as Elective Deferrals for purposes of calculating the Actual
				  Deferral Percentage, subject to such other requirements as may be prescribed by
				  the Secretary of the Treasury, shall be:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				all such
				  Qualified Matching Contributions; or
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				such
				  Qualified Matching Contributions that are needed to meet the Actual Deferral
				  Percentage Test in Section 15.04. (Box 2 can only be checked if the Employer
				  has elected in Item #60(e) to use the Current Year Testing
				  method.)
 

 

	  

	 
			 	
				(c)

					
				The
				  amount of Qualified Nonelective Contributions made under Section 14.88 and
				  taken into account as Elective Deferrals for purposes of calculating the Actual
				  Deferral Percentages, subject to such other requirements as may be prescribed
				  by the Secretary of the Treasury, shall be:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				all such
				  Qualified Nonelective Contributions; or
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				such
				  Qualified Nonelective Contributions that are needed to meet the Actual Deferral
				  Percentage Test stated in Section 14.71. (Box 2 can only be checked if the
				  Employer has elected in Item 60(e) to use the Current Year Testing
				  method.)
 

 

	  

	 
			
				(X)

					
				(d)

					
				If this
				  is not a successor plan, then, if checked, for the first Plan Year this Plan
				  permits any Participant to make Elective Deferrals, the ADP used in the ADP
				  Test for Participants who are Nonhighly Compensated Employees shall be such
				  first Plan Year’s ADP. (Do not check this box if the Employer has elected
				  in Item #60(e) to use the Current Year Testing method.)
 

 

	  

	 60. Average
		Contribution Percentage Test:

	  

	 
			 	
				(a)

					
				In
				  computing the Average Contribution Percentage (ACP), the Employer shall take
				  into account, and include as Contribution Percentage Amounts:

				

 

	  

	 
			 	
				(X)

					
				(1)

					
				Elective
				  Deferrals; or
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				Qualified
				  Nonelective Contributions under this Plan or any other plan of the Employer, as
				  provided by regulations.
 

 

	  

	 
			 	
				(b)

					
				The
				  amount of Elective Deferrals made under Section 14.77 and taken into account as
				  Contribution Percentage Amounts for purposes of calculating the Average
				  Contribution Percentage, subject to such other requirements as may be
				  prescribed by the Secretary of the Treasury, shall be:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				all such
				  Elective Deferrals; or
 

 

	  

	 
			 	
				(X)

					
				(2)

					
				such
				  Elective Deferrals that are needed to meet the Average Contribution Percentage
				  Test stated in Section 15.15. (Box 2 can only be checked if the Employer has
				  elected in Item #60(e) to use the Current Year Testing method.)

				

 

	  

	 
			 	
				(c)

					
				The
				  amount of Qualified Nonelective Contributions that are made under Section
				  15.86, and taken into account as Contributions Percentage Amounts for purposes
				  of calculating the Average Contribution Percentage, subject to such other
				  requirements as may be prescribed by the Secretary of the Treasury, shall
				  be:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				all such
				  Qualified Nonelective Contributions; or
 

 

	 
		 

		17

		 

		
  

	  

	 
			 	
				(X)

					
				(2)

					
				such
				  Qualified Nonelective Contributions as are needed to meet the Average
				  Contributions Percentage Test stated in Section 15.12. (Box 2 can only be
				  checked if the Employer has elected in Item#60(e) to use the Current Year
				  Testing method.)
 

 

	  

	 
			
				(   )

					
				(d)

					
				If this
				  is not a successor plan, then, if checked, for the first Plan Year this Plan
				  permits any Participant to make Employee Contributions, provides for Matching
				  Contributions or both, the ACP used in the ACP Test for Participants who are
				  Nonhighly Compensated Employees shall be such first Plan Year’s ACP. (Do
				  not check this box if the Employer has elected in Item 60(e) to use the Current
				  Year Testing method.)
 

 

	  

	 
			
				(X)

					
				(e)

					
				If
				  checked, this Plan is using the Current Year Testing method for purposes of the
				  ADP and ACP Tests. (This box cannot be “unchecked” for a Plan Year
				  unless (1) the Plan has been using the Current Year Testing method for the
				  preceding 5 Plan Years, or, if lesser, the number of Plan Years the Plan has
				  been in existence; or (2) the Plan otherwise meets one of the conditions
				  specified in Notice 98-1 (or superseding guidance) for changing from the
				  Current Year Testing method.)
 

 

	  

	 
			61.	
				Distributions
				  of Excess Elective Deferrals: Participants who claim Excess Elective Deferrals
				  for the preceding taxable year must submit their claims in writing to the Plan
				  Administrator by 03-15 (Specify
				  a date before April 15th).

				

 

	  

	 
			62.	
				Forfeitures
				  of Excess Aggregate Contributions: Forfeitures of Excess Aggregate
				  Contributions shall be:
 

 

	  

	 
			 	
				(X)

					
				(a)

					
				applied
				  to reduce Employer Contributions for the Plan Year in which the excess arose,
				  but allocated as in “b”, below, to the extent the excess exceeds
				  Employer contribution or the Employer has already contributed for such Plan
				  Year; or
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				allocated,
				  after all other forfeitures under the Plan, to the Matching Contribution
				  account of each Nonhighly Compensated Employee who made Elective Deferrals or
				  Employee Contributions in the ratio which each such Employee’s
				  Compensation for the Plan Year bears to the total Compensation of all such
				  Employees for such Plan Year.
 

 

	  

	 
			
				SAFE
				  HARBOR CODA PROVISIONS
 

 

	 

	 
			63.	
				Safe
				  Harbor CODA Provisions
 

 

	  

	 
			 	
				(a)

					
				ADP Test
				  Safe Harbor Contributions: In lieu of Basic Matching Contributions, the
				  Employer will make the following contributions for the Plan Year [Select either
				  or both]:
 

 

	  

	 
			 	
				(   )

					
				(1)

					
				Enhanced
				  Matching Contributions
 

 

	  

	 The
		Employer will make Matching Contributions to the account of each Eligible
		Employee in an amount equal to the sum of:

	  

	 
			 	(i)	
				the
				  Employee’s Elective Deferrals that do not exceed ___ percent of the
				  Employee’s Compensation for the Plan Year plus
 

 

	  

	 
			 	(ii)	
				___
				  percent of the Employee’s Elective Deferrals that exceed ___ percent of
				  the Employee’s Compensation for the Plan Year and that do not exceed ___
				  Percent of the Employee’s Compensation for the Plan Year.

				

 

	  

	 
			 	
				(   )

					
				(2)

					
				Safe
				  Harbor Nonelective Contributions: The Employer will make a Safe Harbor
				  Nonelective Contribution to the account of each Eligible Employee in an amount
				  equal to 3 percent of the Employee’s Compensation for the Plan Year,
				  unless the Employer inserts a greater percentage here ____%.

				

 

	  

	 
			
				(   )

					
				(b)

					
				If
				  checked, the ADP Test Safe Harbor Contributions will be made to
				  ______________________________
 

 

	  

	 [insert
		name of defined contribution plan of Employer]

	  

	 
			64.	
				Additional
				  ACP Test Safe Harbor Matching Contributions
 

 

	  

	 [NOTE:
		NO ADDITIONAL CONTRIBUTIONS ARE REQUIRED IN ORDER TO SATISFY THE REQUIREMENTS
		FOR A SAFE HARBOR CODA. HOWEVER, IF THE EMPLOYER DESIRES TO MAKE MATCHING
		

	 
		 

		18

		 

		
  

	  

	 CONTRIBUTIONS
		OTHER THAN BASIC OR ENHANCED MATCHING CONTRIBUTIONS, THEN COMPLETE THE
		FOLLOWING.]

	  

	 For the
		Plan Year, the Employer will make ACP Test Safe Harbor Matching Contributions
		to the account of each Eligible Employee in the amount of

	  

	 [ELECT
		ONE]:

	  

	 
			 	
				(   )

					
				(a)

					
				___
				  percent of the Employee’s Elective Deferrals that do not exceed 6 percent
				  of the Employee’s Compensation for the Plan Year.
 

 

	  

	 
			 	
				(   )

					
				(b)

					
				___
				  percent of the Employee’s Elective Deferrals that do not exceed ___
				  percent of the Employee’s Compensation for the Plan Year plus ___ percent
				  of the Employee’s Elective Deferrals thereafter, but no Matching
				  Contributions will be made on Elective Deferrals that exceed 6 percent of
				  Compensation. [THE NUMBER INSERTED IN THE THIRD BLANK CANNOT EXCEED THE
				  NUMBER INSERTED IN THE FIRST BLANK.]
 

 

	  

	 
			 	
				(   )

					
				(c)

					
				the
				  Employee’s Elective Deferrals that do not exceed a percentage of the
				  Employee’s Compensation for the Plan Year. Such percentage is determined
				  by the Employer for the year but in no event can it exceed 4 percent of the
				  Employee’s Compensation.
 

 

	  

	 
			65.	
				Vesting
				  of ACP Test Safe Harbor Matching Contributions: ACP Test Safe Harbor Matching
				  Contributions will be vested in accordance with the following schedule (must be
				  as favorable as those listed in Item #38):
 

 

	  

	 
			
				Years
				  of Service
 	
				Vested
				  Percentage
 
	
				Less
				  than 1
 	
				0

				
	
				1

					
				0

				
	
				2

					
				20    (not
				  less than 20%)
 
	
				3

					
				40    (not
				  less than 40%)
 
	
				4

					
				60    (not
				  less than 60%)
 
	
				5

					
				80    (not
				  less than 80%)
 
	
				6

					
				100%

				

 

	 

	 
			
				401(K)
				  SIMPLE PROVISIONS
 

 

	 

	 
			
				66.

					
				(   )

					
				By
				  checking this box the Employer elects to have the 401(k) SIMPLE Provisions
				  described in Article XVII
				  apply to the Plan. (This box may only be checked if the Plan uses a
				  calendar-year Plan Year and the Employer is an Eligible Employer as defined in
				  Section 17.02(b) of Article XVII. An
				  amendment to have the 401(k) SIMPLE Provisions no longer apply if effective the
				  next January.
 

 

	  

	 
			67.	
				The
				  Nonelective Contribution described in Section 17.03(b)(2) of the Plan will be
				  allocated to all Eligible Employees who received at least $_____
				  [insert
				  an amount less than or equal to $5,000]
				  Compensation for the Year.
 

 

	  

	 
			
				DAVIS
				  BACON PLANS
 

 

	 

	 
			
				68.

					
				(   )

					
				The
				  Employer shall allocate contributions based on Section 3.10 of the Plan. If
				  this item is checked, the Employer must complete Attachment B.

				

 

	 
		 

		
		  19

		 

		
  

	 

	 
			
				OVERRIDING
				  LANGUAGE FOR MULTIPLE PLANS
 

 

	 

	 
			69.	
				If the
				  Employer maintains or ever maintained another qualified plan in which any
				  Participant in this Plan is (or was) a Participant or could become a
				  Participant, the Employer must complete this section. The Employer must also
				  complete this section if it maintains a welfare benefit fund, as defined in
				  Section 419(e) of the Code, or an individual medical account, as defined in
				  Section 415(l)(2) of the Code, under which amounts are treated as annual
				  additions with respect to any Participant in this Plan.
 

 

	  

	 
			 	
				(a)

					
				If the
				  Participant is covered under another qualified defined contribution plan
				  maintained by the Employer, other than a master or prototype plan:

				

 

	  

	 
			 	
				(X)

					
				(1)

					
				The
				  provisions of Section 6.02 of Article VI will apply as if the other plan were a
				  master or prototype plan.
 

 

	  

	 
			 	
				(   )

					
				(2)

					
				(Provide
				  the method under which the plans will limit total annual additions to the
				  maximum permissible amount, and will properly reduce any excess amounts, in a
				  manner that precludes Employer discretion.)
 

 

	  

	 
			 	
				(b)

					
				For
				  Limitation Years beginning before January 1, 2000, if the Participant is or has
				  ever been a Participant in a defined benefit plan maintained by the Employer:
				  (Provide language which will satisfy the 1.0 limitation of Section 415(e) of
				  the Code.) For limitation years beginning after December 31, 1997, for purposes
				  of applying the limitations of this article, Compensation paid or made
				  available during such limitation year shall include any Elective Deferral (as
				  defined in Code Section 402(g)(3)), and any amount which is contributed or
				  deferred by the Employer at the election of the Employee and which is not
				  includible in the gross income of the Employee by reason of Section 125,
				  132(f)(4) or 457.
 

 

	  

	 
			
				RELIANCE
				  ON OPINION LETTER
 

 

	 

	 
			70.	
				The
				  adopting Employer may rely on an opinion letter issued by the Internal Revenue
				  Service as evidence that the Plan is qualified under Section 401 of the
				  Internal Revenue Code only to the extent provided in Announcement 2001-77,
				  2001-30 I.R.B.
 

 

	  

	 The
		Employer may not rely on the opinion letter in certain other circumstances or
		with respect to certain qualification requirements which are specified in the
		opinion letter issued with respect to the Plan and in Announcement
		2001-77.

	  

	 In order
		to have reliance in such circumstances or with respect to such qualification
		requirements, application for a determination letter must be made to Employee
		Plans Determinations of the Internal Revenue Service.

	  

	 This
		Adoption Agreement may be used only in conjunction with basic Plan Document
		#01.

	  

	 The
		Sponsor will inform the adopting Employer of any amendments it makes to the
		Plan or of its discontinuance or abandonment of the Plan.

	  

	 NOTICE:
		Failure to properly complete this Adoption Agreement may result in
		disqualification of the Plan. The Employer’s tax advisor should review the
		Plan and Trust and this Adoption Agreement prior to the Employer adopting such
		Plan.

	  

	 The
		undersigned Employer acknowledges receipt of a copy of the Plan and adopts such
		Plan this 1st day of December, 2006.

	 

	 Name of
		Employer: BioFuel
		Energy, L.L.C.

	  

	 Name of
		Trustee: Michael
		N. Stefanoudakis or Scott H Pearce

	  

	 Authorized
		Signature: /s/ Scott H.
		Pearce                    Print
		Name/Title of Signer: Authorized
		Signatory                     

	  

	 Authorized
		Signature:_________________________ Print
		Name/Title of Signer:____________________________

	  

	 Authorized
		Signature:_________________________ Print
		Name/Title of Signer_____________________________

	 
		 

		
		  20

		 

		
  

	 

	 
			
				RESTATEMENT
				  EFFECTIVE DATES
 

 

	 

	 Note:
		If this Plan is not a restatement of any existing Plan, this item does not
		apply.

	  

	 General
		Restatement Effective Dates:

	  

	 
			
				Provision

					
				Effective
				  Date
 
	
				(X)  
				  (a)  
				  Not
				  applicable. This is not an amendment and restatement.
 	
				___________

				
	
				(   )  
				  (b)  
				  The
				  eligibility requirements of Item ____________________
 	
				___________

				
	
				(   )  
				  (c)  
				  The
				  Employer Profit Sharing provisions of Item ____________________

					
				___________

				
	
				(   )  
				  (d)  
				  The
				  Vesting Formula of Item ____________________
 	
				___________

				
	
				(   )  
				  (e)  
				   In-Service

					
				___________

				
	
				(   )  
				  (f)   
				  Loans

					
				___________

				
	
				(   )  
				  (g)  
				  Definition
				  of Required Beginning Date of Item ____________________
 	
				___________

				
	
				(   )  
				  (h)  
				  Entry
				  Date(s) of Item ____________________
 	
				___________

				

 

	 

	 401(k)/401(m)
		Effective Dates:

	  

	 
			
				(   )  
				  (a)  
				  Amended
				  to include:
 	
				___________

				
	
				   
				  (   )   Traditional 401(k);
 	
				___________

				
	
				   
				  (   )   Safe Harbor;
 	
				___________

				
	
				   
				  (   )   Simple 401(k)
 	
				___________

				
	
				(   )  
				  (b)  
				  Commencement
				  of Elective Deferrals
 	
				___________

				
	
				(   )  
				  (c)  
				  Matching
				  Contributions
 	
				___________

				
	
				(   )  
				  (d)  
				  Qualified
				  Nonelective Contributions
 	
				___________

				
	
				(   )  
				  (e)  
				  Qualified
				  Matching Contributions
 	
				___________

				
	
				(   )  
				  (f)   
				  In-Service
				  Distributions
 	
				___________

				
	
				(   )  
				  (g)  
				  Financial
				  Hardship
 	
				___________

				
	
				(   )  
				  (h)  
				  Hardship

					
				___________

				
	
				(   )  
				  (i)   
				  Current
				  Year Data election ____________________

					 
	
				(   )  
				  (j)   
				  Prior
				  Year Data election ____________________

					 
	
				(   )  
				  (k)  
				  Top-Paid
				  Group election ____________________

					 

 

	 

	 Note:
		The effective date(s) above may not be earlier than January 1, 1997 and not
		later than the last day of the Plan Year in which the Adoption Agreement is
		signed.

	  

	 
		21Exhibit 10.26.1
	 

	 EGTRRA
		ADOPTION AGREEMENT ADDENDUM

	 FOR
		#01003 and #01005

	  

	 The
		Employer hereby agrees that the following elections and terms shall be part of
		the Prototype Defined Contribution Plan Document #01.

	  

	 
		
		  	
				  TOP-HEAVY
					 MODIFICATIONS
 

 
 

	  

	 
			1.      
				 	
				Minimum
				  Benefits for Employees Also Covered Under Another Plan:

				

 

	  

	 
			(a)  	
				If the
				  Employer maintains another plan(s) covering any Participant under this Plan,
				  the minimum allocation requirements applicable to Top-Heavy Plans will be
				  satisfied as provided in the Adoption Agreement for the Plan.

				

 

	  

	 
			(b)  	
				This
				  minimum allocation will be satisfied as follows
				  (describe the top-heavy contribution formula):
 

 

	  

	 
			 	( 
				 )	
				3% of
				  each Participant’s Compensation;
 

 

	 
			 	(X)	
				3% of
				  each Non-Key Participant’s Compensation;
 

 

	 
			 	( 
				 ) 	
				Other:______________________________

				

 

	  

	 
		
		  	
				  PORTABILITY
					 ELECTIONS
 

 
 

	  

	 
			2.      
				 	
				Direct
				  Rollovers: The
				  Plan will accept a Direct Rollover of an Eligible Rollover Distribution from:
				  (Check each that applies or N/A.)
 

 

	  

	 
			 	(  
				)	
				N/A. The
				  Plan will not accept Direct Rollovers from any plan.
 

 

	 
			 	(X)	
				a
				  qualified plan described in Section 401(a) or 403(a) of the Code, excluding
				  after-tax employee contributions.
 

 

	 
			 	( 
				 )	
				a
				  qualified plan described in Section 401(a) or 403(a) of the Code, including
				  after-tax employee contributions.
 

 

	 
			 	(X)	
				an
				  annuity contract described in Section 403(b) of the Code, excluding after-tax
				  employee contributions.
 

 

	 
			 	(X)	
				an
				  eligible plan under Section 457(b) of the Code 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.
 

 

	  

	 
			3.      
				 	
				Participant
				  Rollover Contributions from Other Employer Plans: The
				  Plan will accept a Participant contribution of an Eligible Rollover
				  Distribution from: (Check each that applies or N/A.)
 

 

	  

	 
			 	( 
				) 	
				N/A. The
				  Plan will not accept Rollover Contributions from any employer
				  plan.
 

 

	  

	 
			 	(X)	
				a
				  qualified plan described in Section 401(a) or 403(a) of the Code.

				

 

	  

	 
			 	(X)	
				an
				  annuity contract described in Section 403(b) of the Code.
 

 

	  

	 
			 	(X)	
				an
				  eligible plan under Section 457(b) of the Code 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.
 

 

	  

	 
			4.     
				  	
				Participant
				  Rollover Contributions from IRAs:
 

 

	  

	 The Plan
		(X) will
		(   ) will not accept a Participant Rollover Contribution of the
		portion of a distribution from an individual retirement account or annuity
		described in Section 408(a) or 408(b) of the Code that is eligible to be rolled
		over and would otherwise be includible in gross income.

	  

	 1

	  

	 
 
	  

	 
			5.      
				  	
				Effective
				  Date of Direct Rollover and Participant Rollover Contribution
				  Provisions:
 

 

	  

	 Section
		6 of the EGTRRA Plan Amendment Addendum, “Rollovers From Other
		Plans”, shall be effective: 01-25-2006

	 (Enter a
		date no earlier than January 1, 2002.)

	  

	 
			
				TREATMENT
				  OF ROLLOVERS IN CASH-OUT PROVISIONS
 

 

	  

	 
			6.     
				  	
				Treatment
				  of Rollovers in Application of Involuntary Cash-out
				  Provisions:
 

 

	  

	 
			(a)  	
				The
				  Employer: (choose one) (X) elects
				  (   ) does not elect to exclude Rollover Contributions in
				  determining the value of the Participant’s nonforfeitable account balance
				  for purposes of the Plan’s involuntary cash-out rules.
 

 

	  

	 
			(b)  	
				If the
				  Employer has elected to exclude Rollover Contributions, the election shall
				  apply with respect to distributions made after: 01-25-2006 (Enter
				  a date no earlier than December 31, 2001.) with respect to Participants who
				  separated from service after:
				  01-25-2006 (Enter
				  date. The date may be earlier than December 31, 2001.)

				

 

	  

	 
			
				SEVERANCE
				  FROM EMPLOYMENT AS A DISTRIBUTABLE EVENT
 

 

	  

	 
			7.      
				 	
				Section
				  8 of the EGTRRA Plan Amendment Addendum, “Distribution Upon Severance from
				  Employment”, shall apply for distributions after: 01-25-2006 (Enter
				  a date no earlier than December 31, 2001.),
 

 

	  

	 
			 	(  
				) 	
				(a) regardless
				  of when the severance from employment occurred; or
 

 

	  

	 
			 	(X)	
				(b) for
				  severances from employment occurring after 01-25-2006. (Enter
				  date.)
 

 

	  

	 
			
				CATCH-UP
				  CONTRIBUTIONS
 

 

	  

	 
			8.      
				 	
				Section
				  9 of the EGTRRA Plan Amendment Addendum, Catch-up Contributions:

				

 

	  

	 
			 	(X)	
				(a) shall
				  apply to contributions after 01-25-2006 (Enter
				  a date no earlier then December 31, 2001.)
 

 

	  

	 
			 	( 
				 )	
				(b) shall
				  not apply.
 

 

	  

	 
			9.     
				  	
				Matching
				  Contributions and Catch-up Contributions
 

 

	  

	 Matching
		Contributions (X) will
		(   ) will not be made in accordance with the Matching
		Contribution formula specified in the Adoption Agreement with regard to
		Catch-up Contributions.

	  

	 
			
				SUSPENSION
				  AFTER HARDSHIP DISTRIBUTIONS
 

 

	  

	 
			10.    
				  	
				Suspension
				  Period for Hardship Distributions:
 

 

	  

	 
			          
				(X)    	(a) 	
				A
				  Participant who receives a distribution of Elective Deferrals in calendar year
				  2001 on account of hardship shall be prohibited from making Elective Deferrals
				  and Employee Contributions under this and all other plans of the Employer for 6
				  months after receipt of the distribution or until January 1, 2002, if
				  later.
 

 

	  

	 
			          
				(   )	(b)	
				A
				  Participant who receives a distribution of Elective Deferrals in calendar year
				  2001 on account of hardship shall be prohibited from making Elective Deferrals
				  and Employee Contributions under this and all other plans of the Employer for
				  the period specified in the provisions of the plan relating to suspension of
				  Elective Deferrals that were in effect prior to this Amendment.

				

 

	 
		 

		2

		 

		
  

	  

	 
			
				VESTING
				  OF EMPLOYER MATCHING CONTRIBUTIONS
 

 

	  

	 
			11.    
				 	
				“Vesting
				  of Employer Matching Contributions” under Section 11 of the EGTRRA Plan
				  Amendment Addendum:
 

 

	  

	 (   )
		 (a)  
		shall
		apply to all Participants with accrued benefits derived from Employer Matching
		Contributions.

	  

	 (X) 
		(b)  shall
		apply only to Participants with accounts derived from Matching Contributions
		who complete an Hour of Service 

	   
		under the Plan in a Plan Year beginning after December
		31, 2001.

	  

	 
			12.    
				 	
				Vesting
				  Schedule for Employer Matching Contributions
 

 

	  

	 (   ) 
		(a)   
		Option
		1. A Participant’s accrued benefit derived from Employer Matching
		Contributions shall be fully and immediately vested.

	  

	 (   )
		 (b)  
		 Option
		2. A Participant’s accrued benefit derived from Employer Matching
		Contributions shall be nonforfeitable upon 

	  the
		Participant’s completion of three years of vesting
		service.

	  

	 (X)
		 (c)  
		 Option
		3. A Participant’s accrued benefit derived from Employer Matching
		Contributions shall vest according to the 

	  following
		schedule:

	  

	 
			
				Years
				  of vesting service
 	
				Nonforfeitable
				  percentage
 
	
				Less
				  than 1
 	
				       
				  0
 	
				 
 
	
				1 Year
				  of Service
 	
				34

					
				 
 
	
				2 Years
				  of Service
 	
				67

					
				(not
				  less than 20%)
 
	
				3 Years
				  of Service
 	
				100

					
				(not
				  less than 40%)
 
	
				4 Years
				  of Service
 	
				100

					
				(not
				  less than 60%)
 
	
				5 Years
				  of Service
 	
				100

					
				(not
				  less than 80%)
 
	
				6 Years
				  of Service
 	
				 
 	
				100%

				

 

	  

	 
			
				EMPLOYER
				  ADOPTION
 

 

	  

	 The
		undersigned Employer acknowledges receipt of a copy of the Plan Addendum for
		the EGTRRA Amendments. The undersigned Employer also acknowledges that it has
		relied upon the advice of their tax advisor regarding the completion of this
		amendment and the legal and tax implications of amending the Plan. This
		Amendment is not effective until the Employer signs below.

	  

	 Name of
		Employer: BioFuel
		Energy, L.L.C.

	  

	 Authorized
		Signature: /s/ Scott H.
		Pearce                                                                   Date:
		December 1,
		2006                                  

	 

		
		   

		  3

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