Document:

ex4-7.htm

    Exhibit
      4.7

    
 

    
      

      

    

     

    
      	
               SHELL
                PROVIDENT FUND

               

            
	 
              
               

              REGULATIONS

              

              AND

              

              TRUST
                AGREEMENT

              

              

              Dated
                as of September 1, 1939

               

               

            
	 
              
              REGULATIONS

              

              Reflects
                All Amendments Adopted

              Through
                June 18, 2007

               

            
	 
              
              TRUST
                AGREEMENT

              

              Reflects
                All Amendments Adopted

              Through
                June 18, 2007

               

            
	 

    

    Includes
      Amendments:

     

    
      
        	
                PROV
                  03-14

              	
                PROV
                  03-29

              	
                PROV
                  05-2

              	
                PROV
                  05-3

              
	
                PROV
                  05-4

              	
                PROV
                  05-5

              	
                PROV
                  05-6

              	
                PROV
                  05-7

              
	
                PROV
                  05-8

              	
                PROV
                  05-9

              	
                PROV
                  05-10

              	
                PROV
                  05-11

              
	
                PROV
                  05-12

              	
                PROV
                  05-13

              	
                PROV
                  05-14

              	
                PROV
                  06-1

              
	
                PROV
                  06-2

              	
                PROV
                  06-3

              	
                PROV
                  06-4

              	
                PROV
                  06-5

              
	
                PROV
                  06-6

              	
                PROV
                  06-7

              	
                PROV
                  06-8

              	
                PROV
                  06-10

              
	
                PROV
                  06-11

              	
                PROV
                  06-12

              	
                PROV
                  07-1

              	
                PROV
                  07-2

              
	
                PROV
                  07-3

              	
                PROV
                  07-4

              	
                PROV
                  07-7

              	
                SPDIF
                  06-11

              
	
                SPDIF
                  07-1

              	
                SPDIF
                  07-2

              	
                SPDIF
                  07-3

              	
                SPDIF
                  07-4

              
	
                SPDIF
                  07-5

              	
                SPDIF
                  07-7

              	 	 

      

    

     

    

    
      

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    SHELL
      PROVIDENT FUND

    

    Index

    

    REGULATIONS

     

    
      
        	 	
                 Page

              
	 	 
	 	 
	
                PREAMBLE

              	
                1

              
	
                 

                REGULATIONS

              	
                2

              
	
                 

              	 
	
                ARTICLE
                  1

              	
                2

              
	
                GENERAL
                  PROVISIONS

              	
                2

              
	
                1.1     Fund
                  Name.

              	
                2

              
	
                1.2     Object
                  of
                  Fund.

              	
                2

              
	
                1.3     Section
                  404(c)
                  Plan.

              	
                2

              
	
                1.4     Due
                  Diligence
                  Responsibility.

              	
                2

              
	
                1.5     Administration.

              	
                2

              
	
                1.6     Remuneration.

              	
                2

              
	
                1.7     Derivation
                  of
                  Assets of the Fund.

              	
                2

              
	
                 

                ARTICLE
                  2

              	
                2

              
	
                DEFINITIONS
                  AND CONSTRUCTION

              	
                2

              
	
                2.1     Definitions.

              	
                2

              
	
                2.2     Affiliated
                  Company Defined.

              	
                19

              
	
                2.3     Headings
                  and
                  References.

              	
                19

              
	
                2.4     Number
                  and
                  Gender.

              	
                19

              
	
                2.5     Construction.

              	
                19

              
	
                 

                ARTICLE
                  3

              	
                19

              
	
                MEMBERSHIP
                  PROVISIONS

              	
                19

              
	
                3.1     Admission
                  to
                  Membership in General.

              	
                19

              
	
                3.2     Termination
                  of
                  Employment; Reemployment.

              	
                19

              
	
                3.3     Member
                  as a
                  Beneficiary.

              	
                20

              
	
                3.4     No
                  Contract of
                  Employment.

              	
                20

              
	
                 

                ARTICLE
                  4

              	
                20

              
	
                SERVICE
                  CREDITING

              	
                20

              
	
                4.1     General
                  Service
                  Crediting Rules.

              	
                20

              
	
                4.2     Service
                  Records; Certain Predecessor Employers.

              	
                21

              
	
                4.3     Service
                  with 1%
                  and 25% Affiliated Companies.

              	
                21

              
	
                4.4     Participation
                  Service Credit for Service with 80% Affiliated
                  Companies.

              	
                21

              
	
                4.5     Service
                  Credit
                  Related to Certain Business Transactions.

              	
                21

              
	
                4.6     Provisions
                  Applicable to Former Leased Employees.

              	
                22

              
	
                 

                ARTICLE
                  5

              	
                22

              
	
                MEMBER
                  CONTRIBUTIONS

              	
                22

              
	
                5.1     Member
                  Contributions in General; Changes to Contributions.

              	
                22

              
	
                5.2     Automatic
                  Contribution Arrangement.

              	
                23

              
	
                5.3     Testing
                  Limitations on Contributions.

              	
                23

              
	
                5.4     Limitations
                  Related to Hardship Withdrawals.

              	
                23

              
	
                5.5     Annual
                  Limit on
                  Member Pre-Tax Contributions; Secondary Elections.

              	
                23

              
	
                5.6     Timing
                  of
                  Member Contributions; Correction of Delayed Member Contributions
                  and
                  Repayments.

              	
                24

              

      

       

       

      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

       

       

      
        	
                5.7 Catch-Up
                  Contributions.

              	
                24

              
	
                 

                ARTICLE
                  6

              	
                24

              
	
                COMPANY
                  CONTRIBUTIONS

              	
                24

              
	
                6.1     Company
                  Contributions in General.

              	
                24

              
	
                6.2     Contribution
                  Additions for Administration Expenses.

              	
                25

              
	
                6.3     No
                  Earnings or
                  Profits Required.

              	
                25

              
	
                6.4     Deductibility
                  of Contributions.

              	
                25

              
	
                6.5     Use
                  of Certain
                  Forfeitures.

              	
                25

              
	
                6.6     Contributions
                  to Satisfy Nondiscrimination Requirements.

              	
                25

              
	
                6.7     Correction
                  of
                  Delayed Company Contributions.

              	
                26

              
	
                 

                ARTICLE
                  7

              	
                26

              
	
                LIMITATION
                  ON CONTRIBUTIONS

              	
                26

              
	
                7.1     Excess
                  Deferral
                  Limit.

              	
                26

              
	
                7.2     Distribution
                  of
                  Excess Deferral Amounts.

              	
                26

              
	
                7.3     Annual
                  Additions Limit.

              	
                27

              
	
                7.4     Excess
                  Annual
                  Additions.

              	
                27

              
	
                7.5     Notice
                  of
                  Limitation issue.

              	
                28

              
	
                7.6     Aggregation
                  of
                  Plans.

              	
                28

              
	
                 

                ARTICLE
                  8

              	
                28

              
	
                INVESTMENT
                  FUNDS

              	
                28

              
	
                8.1     Authority
                  to
                  Establish Investment Offerings.

              	
                28

              
	
                8.2     Investment
                  Funds.

              	
                29

              
	
                8.3     Separate
                  Subaccounts.

              	
                29

              
	
                8.4     Valuation
                  and
                  Accounting .

              	
                29

              
	
                8.5     Investment
                  Manager.

              	
                30

              
	
                8.6     Distributions
                  In-Kind.

              	
                30

              
	
                8.7     Managed
                  Accounts.

              	
                30

              
	
                 

                ARTICLE
                  9

              	
                31

              
	
                MEMBER
                  DIRECTIONS

              	
                31

              
	
                9.1     Investment
                  Directions.

              	
                31

              
	
                9.2     Investment
                  Transfers; Default Funds.

              	
                31

              
	
                9.3     Conditions.

              	
                32

              
	
                9.4     Responsibility
                  for Following-up on Investment Direction Execution.

              	
                32

              
	
                 

                ARTICLE
                  10

              	
                33

              
	
                MEMBER
                  WITHDRAWALS

              	
                33

              
	
                10.1     General
                  Withdrawal Restrictions and Provisions.

              	
                33

              
	
                10.2     Withdrawals
                  of
                  Member After-Tax Contributions.

              	
                34

              
	
                10.3     Age
                  591⁄2
                  Withdrawals.

              	
                34

              
	
                10.4     Withdrawals
                  of
                  Prior Plan Vested Match.

              	
                34

              
	
                10.5     Withdrawals
                  of
                  Prior Plan Employer Contributions.

              	
                34

              
	
                10.6     Hardship
                  Withdrawals.

              	
                34

              
	
                 

                ARTICLE
                  11

              	
                36

              
	
                LOANS

              	
                36

              
	
                11.1     Eligible
                  Borrowers.

              	
                36

              
	
                11.2     Requests
                  for
                  Loans to the Plan Administrator.

              	
                36

              
	
                11.3     Administration
                  of the Loan Program.

              	
                36

              
	
                11.4     Late
                  or missed
                  payments.

              	
                39

              
	
                11.5     Status.

              	
                40

              
	
                11.6     Discontinued
                  Payroll Deduction Due to Hardship.

              	
                40

              

      

       

       

      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                ARTICLE
                  12

              	
                41

              
	
                DISTRIBUTIONS
                  AND DESIGNATION OF
                  BENEFICIARY

              	
                41

              
	
                12.1     Beneficiary
                  Designation.

              	
                41

              
	
                12.2     Effective
                  Date
                  of Beneficiary Designation.

              	
                41

              
	
                12.3     Beneficiary
                  Designation and Spousal Consent.

              	
                41

              
	
                12.4     Distribution
                  after Termination of Service.

              	
                42

              
	
                12.5     Normal
                  Form of
                  Benefit.

              	
                43

              
	
                12.6     Deferrals
                  and
                  VPOs.

              	
                43

              
	
                12.7     QDROs.

              	
                44

              
	
                12.8     Legal
                  Disability.

              	
                44

              
	
                 

                ARTICLE
                  13

              	
                44

              
	
                DIRECT
                  ROLLOVERS

              	
                44

              
	
                13.1     Rollovers
                  from
                  the Fund.

              	
                44

              
	
                13.2     Rollovers
                  to
                  the Fund.

              	
                44

              
	
                13.3     EGTTRA
                  provisions.

              	
                45

              
	
                 

                ARTICLE
                  14

              	
                46

              
	
                TRANSFERRED
                  ASSETS

              	
                46

              
	
                14.1     Right
                  to
                  Transfer Assets to this Fund.

              	
                46

              
	
                14.2     Transferred
                  Asset Accounts.

              	
                46

              
	
                 

                ARTICLE
                  15

              	
                47

              
	
                STATEMENT
                  OF ACCOUNT

              	
                47

              
	
                15.1     Periodic
                  Statements.

              	
                47

              
	
                15.2     Amounts
                  Standing to the Credit of a Participant.

              	
                47

              
	
                 

                ARTICLE
                  16

              	
                47

              
	
                COMMUNICATIONS

              	
                47

              
	
                 

                ARTICLE
                  17

              	
                47

              
	
                CESSATION
                  OF MEMBER COMPANY
                  PARTICIPATION

              	
                47

              
	
                 

                ARTICLE
                  18

              	
                47

              
	
                AMENDMENTS
                  TO TRUST AGREEMENT AND
                  REGULATIONS

              	
                47

              
	
                 

                ARTICLE
                  19

              	
                48

              
	
                MEMBER’S
                  NONFORFEITABLE INTEREST

              	
                48

              
	
                 

                ARTICLE
                  20

              	
                48

              
	
                CLAIMS
                  PROCEDURE

              	
                48

              
	
                20.1     Claim
                  for
                  Benefits.

              	
                48

              
	
                20.2     Appeals.

              	
                48

              
	
                20.3     Review
                  Board.

              	
                49

              
	
                20.4     Extension
                  for
                  Providing Necessary Information.

              	
                49

              
	
                20.5     Validating
                  Representative of Claimant.

              	
                49

              
	
                20.6     Mandatory
                  Use
                  of Claims Procedure; Waiver of Claims.

              	
                49

              
	
                20.7     Plan
                  Administrator.

              	
                49

              
	
                 

                ARTICLE
                  21

              	
                50

              
	
                PLAN
                  ADMINISTRATOR - APPOINTMENT &
                  DUTIES

              	
                50

              
	
                21.1     Trustees
                  and
                  Plan Administrator.

              	
                50

              
	
                21.2     Allocation
                  of
                  Fiduciary Responsibilities.

              	
                50

              
	
                21.3     Powers
                  and
                  Duties of the Plan Administrator.

              	
                50

              
	
                21.4     No
                  Bond
                  Required.

              	
                51

              

      

       

       

      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

      
 

      
        	
                21.5     Delegation
                  of
                  Authorities.

              	
                51

              
	
                21.6     Authorities
                  and
                  Responsibilities of Shell Oil Company.

              	
                51

              
	
                21.7     Authorities
                  and
                  Responsibilities of the Trustees.

              	
                51

              
	
                 

                ARTICLE
                  22

              	
                52

              
	
                TOP-HEAVY
                  RULES

              	
                52

              
	
                22.1     Operation
                  of
                  Article.

              	
                52

              
	
                22.2     Determination
                  of Top-Heavy Status.

              	
                52

              
	
                22.3     Annual
                  Compensation Limit.

              	
                52

              
	
                22.4     Top-Heavy
                  Contribution.

              	
                52

              
	
                22.5     Modification
                  of
                  Top-Heavy Rules.

              	
                52

              
	
                 

                ARTICLE
                  23

              	
                53

              
	
                NONDISCRIMINATION
                  TEST FOR MEMBER
                  CONTRIBUTIONS

              	
                53

              
	
                23.1     ADP
                  Limit.

              	
                53

              
	
                23.2     Reduction
                  of
                  Member Pre-Tax Contributions to Comply with ADP Limit.

              	
                53

              
	
                23.3     Distribution
                  of
                  Excess Contributions.

              	
                54

              
	
                23.4     ACP
                  Limit.

              	
                54

              
	
                23.5     Reduction
                  of
                  Member After-Tax Contributions to Comply with ACP
                  Limit.

              	
                55

              
	
                23.6     Distribution
                  of
                  Excess Aggregate Contributions.

              	
                56

              
	
                23.7     General
                  401(a)(4) Test.

              	
                56

              
	
                 

                ARTICLE
                  24

              	
                57

              
	
                MILITARY
                  SERVICE

              	
                57

              
	
                 

                ARTICLE
                  25

              	
                57

              
	
                MINIMUM
                  DISTRIBUTION REQUIREMENTS

              	
                57

              
	
                25.1 General
                  Rules.

              	
                57

              
	
                25.2 Time
                  and Manner of
                  Distribution.

              	
                57

              
	
                25.3 Required
                  Minimum Distributions During Member’s
                  Lifetime.

              	
                58

              
	
                25.4 Required
                  Minimum Distributions After Member’s
                  Death.

              	
                58

              
	
                25.5 Required
                  Minimum Distributions during Distribution
                  Calendar Years.

              	
                59

              
	
                25.6 Election
                  to Allow Designated Beneficiaries to Elect
                  5-Year Rule.

              	
                59

              
	
                25.7 Election
                  to Allow Designated Beneficiary Receiving
                  Distributions Under the 5-Year Rule to Elect Life Expectancy
                  Distributions.

              	
                59

              
	
                 

                SCHEDULE
                  A

              	
                60

              
	
                 

                CONTRIBUTING
                  COMPANIES

              	
                60

              
	
                 

                SCHEDULE
                  B

              	
                
                  61

                

              
	
                 

                SPECIAL
                  RULES APPLICABLE TO CERTAIN GROUPS OF
                  PARTICIPANTS

              	
                61

              
	
                 

                SCHEDULE
                  B-1

              	
                
                  62

                

              
	
                 

                TRANSFER
                  OF FUNDS FROM
                  THE

              	
                62

              
	
                 

                SHELL
                  EMPLOYEE STOCK OWNERSHIP
                  PLAN

              	
                62

              
	
                 

                SCHEDULE
                  B-2

              	
                
                  63

                

              
	
                 

                ROLLOVER
                  OF DISTRIBUTED FUNDS FROM KERNRIDGE SAVINGS
                  PLAN

              	
                63

              

      

       

       

      
        
          
          

        

        
          iv

          
            

          

        

        
          
          

        

      

      
 

      
        	
                SCHEDULE
                  B-3

              	
                64

              
	
                 

                ASSETS
                  TRANSFERRED FROM THE SIEMENS SAVINGS
                  PLAN

              	
                64

              
	
                 

                SCHEDULE
                  B-4

              	
                65

              
	
                 

                MERGER
                  OF CRI GROUP SAVINGS AND PROFIT SHARING
                  PLANS

              	
                65

              
	
                 

                SCHEDULE
                  B-5

              	
                66

              
	
                 

                GRANT
                  OF PAST SERVICE CREDIT TO WILLOW ISLAND
                  EMPLOYEES

              	
                66

              
	
                 

                SCHEDULE
                  B-6

              	
                67

              
	
                 

                GRANT
                  OF PAST SERVICE CREDIT TO ALLIANCE COMPANY
                  EMPLOYEES

              	
                67

              
	
                 

                SCHEDULE
                  B-7

              	
                68

              
	
                 

                ASSETS
                  TRANSFERRED FROM THE PENNZOIL-QUAKER STATE
                  COMPANY SAVINGS AND INVESTMENT PLAN AND THE PENNZOIL-QUAKER STATE
                  COMPANY
                  SAVINGS AND INVESTMENT PLAN FOR HOURLY
                  EMPLOYEES

              	
                68

              
	
                 

                SCHEDULE
                  B-8

              	
                69

              
	
                 

                MERGER
                  OF SHELL TRADING SAVINGS
                  PLAN

              	
                69

              
	
                 

                SCHEDULE
                  B-9

              	
                70

              
	
                 

                GRANT
                  OF PAST SERVICE CREDIT TO PQS COMPANY EMPLOYEES
                  AND JLI COMPANY EMPLOYEES

              	
                70

              
	
                 

                SCHEDULE
                  B-10

              	
                71

              
	
                 

                MERGER
                  OF SHELL PAY DEFERRAL INVESTMENT
                  FUND

              	
                71

              
	
                 

                SCHEDULE
                  C

              	
                72

              
	
                PART I
                  OF SCHEDULE C

              	
                72

              
	
                Tier
                  I

              	
                72

              
	
                Lifecycle
                  Funds

              	
                72

              
	
                PART II
                  OF SCHEDULE C

              	
                72

              
	
                Tier
                  II

              	
                72

              
	
                Core
                  Funds

              	
                72

              
	
                PART III
                  OF SCHEDULE
                  C

              	
                74

              
	
                Tier
                  III

              	
                74

              
	
                Mutual
                  Fund Window

              	
                74

              
	
                PART IV
                  OF SCHEDULE
                  C

              	
                85

              
	
                Tier
                  IV

              	
                85

              
	
                BrokerageLink

              	
                85

              
	
                 

                SCHEDULE
                  D

              	
                87

              

      

       

       

      
        
          
          

        

        
          v

          
            

          

        

        
          
          

        

      

       

       

      
        	
                SPECIAL

              	
                87

              
	
                 

                VESTING
                  PROVISIONS

              	
                87

              
	
                 

                SCHEDULE
                  E

              	
                89

              
	
                 

                SPECIAL
                  COMPENSATION RULES

              	
                89

              
	
                 

                SCHEDULE
                  F

              	
                90

              
	
                 

                Part
                  One

              	
                90

              
	
                 

                Part
                  Two

              	
                90

              
	
                 

                SCHEDULE
                  G

              	
                91

              
	
                 

                Part
                  One

              	
                91

              
	
                 

                Part
                  Two

              	
                91

              
	
                 

                SHELL
                  PROVIDENT
                  FUND

              	
                92

              
	
                 

                TRUST
                  AGREEMENT

              	
                92

              
	
                 

                SECTION
                  I

              	
                92

              
	
                ADOPTION
                  OF THE PLAN, CREATION OF THE
                  TRUST,  AND DESIGNATION OF THE TRUSTEES

              	
                92

              
	
                 

                SECTION
                  II

              	
                93

              
	
                ACCEPTANCE
                  OF THE TRUST

              	
                93

              
	
                 

                SECTION
                  III

              	
                93

              
	
                ADMINISTRATION

              	
                93

              
	
                 

                SECTION
                  IV

              	
                93

              
	
                CONTRIBUTIONS
                  TO THE FUND

              	
                93

              
	
                 

                SECTION
                  V

              	
                93

              
	
                DISPOSITION
                  OF FUNDS

              	
                93

              
	
                 

                SECTION
                  VI

              	
                94

              
	
                INVESTMENT
                  OF FUNDS

              	
                94

              
	
                 

                SECTION
                  VII

              	
                95

              
	
                DELEGATION
                  OF POWERS

              	
                95

              
	
                 

                SECTION
                  VIII

              	
                95

              
	
                BORROWING
                  MONEY

              	
                95

              
	
                 

                SECTION
                  IX

              	
                96

              
	
                COMPENSATION
                  AND EXPENSES

              	
                96

              
	
                 

                SECTION
                  X

              	
                96

              

      

       

       

      
        
          
          

        

        
          vi

          
            

          

        

        
          
          

        

      

      
 

      
        	
                DISCHARGE
                  OF DUTIES BY TRUSTEES

              	
                96

              

      

      
        	 	 
	
                SECTION
                  XI

              	
                98

              
	
                COMPROMISE
                  OF CLAIMS

              	
                98

              
	
                 

                SECTION
                  XII

              	
                98

              
	
                INTERPRETATION
                  OF PROVISIONS:  DETERMINATION
                  OF CONTROVERSIES

              	
                98

              
	
                 

                SECTION
                  XIII

              	
                98

              
	
                ADDITIONAL
                  COMPANIES

              	
                98

              
	
                 

                SECTION
                  XIV

              	
                98

              
	
                RESIGNATION
                  OR REMOVAL OF TRUSTEES

              	
                98

              
	
                 

                SECTION
                  XV

              	
                99

              
	
                TERMINATION
                  OF PARTICIPATION IN THE
                  FUND

              	
                99

              
	
                 

                SECTION
                  XVI

              	
                99

              
	
                DISPOSITION
                  OF CORPUS OR
                  INCOME:  DURATION

              	
                99

              
	
                 

                SECTION
                  XVII

              	
                99

              
	
                AMENDMENT
                  OF TRUST AGREEMENT AND
                  REGULATIONS

              	
                99

              
	
                 

                SECTION
                  XVIII

              	
                100

              
	
                NON-ALIENATION
                  OF RIGHTS

              	
                100

              
	
                 

                SECTION
                  XIX

              	
                100

              
	
                MERGER
                  OR CONSOLIDATION OF FUND

              	
                100

              
	
                 

                SECTION
                  XX

              	
                100

              
	
                EXECUTION,
                  DELIVERY, AND INVALIDITY

              	
                100

              

      

    

     

     

    
      
        
        

      

      
        vii

        
          

        

      

      
        Index

      

    

     

     

    

    SHELL
      PROVIDENT FUND

    

    PREAMBLE

    

    The
      Shell Provident Fund was
      established by a Trust Agreement dated as of September 1, 1939, and as
      amended through June 18, 2007, between the Contributing Companies listed in
      Schedule A to the Regulations and the Trustees designated in the Trust
      Agreement.  Except as otherwise noted, the effective date of the Fund
      is the date recited in this Preamble, that being the date on which the
      provisions of these amended Regulations are effective.  The provisions
      of the amended Regulations shall apply to any Participants and Beneficiaries,
      and to any benefits accruing, on or after such effective
      date.  Benefits which accrued prior to the effective date are as
      reflected in prior versions of the Regulations but they shall continue to be
      subject to the limits contained herein.

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        Index

      

    

     

    
 

    REGULATIONS

    

    

    ARTICLE
      1

     

    GENERAL
      PROVISIONS

     

    1.1           Fund
      Name. The Fund bears the name SHELL PROVIDENT
      FUND.

     

    1.2           Object
      of Fund. The object of the Fund is to
      accumulate for the benefit of the Employees who become Members, as hereinafter
      provided, certain sums primarily as a provision for themselves after retirement
      from service.

     

    1.3           Section
      404(c) Plan. The Fund is intended to
      constitute a plan described in section 404(c) of the Employee Retirement
      Income Security Act of 1974, as amended, and Title 29 of the Code of
      Federal Regulations Section 2550.404c-1.  The Fiduciaries of the
      Fund may be relieved of liability for any losses which are the direct and
      necessary result of investment instructions given by Participants and
      Beneficiaries.

     

    1.4           Due
      Diligence
      Responsibility. The Contributing Companies
      shall have no responsibility for overseeing or monitoring the Investment
      Offerings.  The Trustees and the Plan Administrator shall have
      responsibility for overseeing and monitoring the Lifecycle and Core Funds set
      out in Parts I and II of Schedule C to the Regulations but shall have
      no responsibility for overseeing or monitoring the Investment Offerings set
      out
      in Parts III and IV of Schedule C to the Regulations.  Each
      Participant and each Beneficiary shall have the sole responsibility for deciding
      to buy, sell, or hold Investment Offerings for his or her Account and the sole
      responsibility for determining whether any Investment Offerings in said Account
      provide acceptable risk and return characteristics and are otherwise consistent
      with his or her investment objectives.  Participants and Beneficiaries
      who fail to give timely investment directions may be deemed to have given
      directions to invest in the Default Fund in accordance with the further
      provisions of these Regulations.

     

    1.5           Administration. The
      Fund is a trust administered by Trustees designated by Shell Oil Company and
      the
      Plan Administrator designated by the Trustees of the Fund, but the Trustees
      or
      the Plan Administrator may act through an Investment Manager when action by
      an
      Investment Manager is permitted or specified by these Regulations or by the
      Trust Agreement.

     

    1.6           Remuneration. The
      Trustees and the Plan Administrator shall not receive any remuneration from
      the
      Fund.

     

    1.7           Derivation
      of Assets of the Fund. The assets of the Fund
      shall be derived from:  (a) the contributions of the Contributing
      Companies and the payments of the Participants (including rollovers and
      trust-to-trust transfers) in accordance with the Regulations; and
      (b) interest, dividends, and other income.

     

    

    ARTICLE
      2

     

    DEFINITIONS
      AND CONSTRUCTION

     

    2.1           Definitions. The
      following terms, as used in the Regulations and Trust Agreement, shall have the
      meanings set forth below, except that terms used in the Schedules to the
      Regulations shall have the meanings set forth in the respective Schedules unless
      the context clearly indicates otherwise.

     

    
      	
            	
               

            	
              “1%
                Affiliated Company” shall mean the same as Affiliated Company in
                Section 2.2 of the Regulations, except that the phrase “more than 1
                percent” shall be substituted for the phrase “more than
                50 percent.”

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “25%
                Affiliated Company” shall mean the same as Affiliated Company in
                Section 2.2 of the Regulations, except that the phrase “more than 25
                percent” shall be substituted for the phrase “more than 50
                percent.”

            

    

     

    
      	
            	
               

            	
              “415
                Compensation”

            

    

     

    
      	
               

            	
              (a)

            	
              shall
                include:

            

    

     

    
      	
               

            	
              (1)

            	
              The
                Member’s wages, salaries, fees for professional service and other amounts
                received for personal services actually rendered in the course of
                employment with an Employing Company or Affiliated Company (including,
                but
                not limited to, commissions paid to salesmen, compensation for services
                on
                the basis of a percentage of profits, commissions on insurance premiums,
                tips, and bonuses);

            

    

     

    
      	
               

            	
              (2)

            	
              For
                purposes of (1) above, earned income from sources outside the United
                States (as defined in Section 911(b) of the Code), whether or not
                excludable from gross income under Section 911 of the Code or
                deductible under Section 913 of the
                Code;

            

    

     

    
      	
               

            	
              (3)

            	
              Amounts
                described in Sections 104(a)(3), 105(a), and 105(h) of the Code, but
                only to the extent that these amounts are includable in the gross
                income
                of the Member;

            

    

     

    
      	
               

            	
              (4)

            	
              Amounts
                described in Section 105(d) of the Code whether or not these amounts
                are excludable from the gross income of the Member under that
                Section;

            

    

     

    
      	
               

            	
              (5)

            	
              Amounts
                paid or reimbursed by an Employing Company or Affiliated Company
                for
                moving expenses incurred by a Member, but only to the extent that
                these
                amounts are not deductible by the Member under Section 217 of the
                Code;

            

    

     

    
      	
               

            	
              (6)

            	
              The
                value of a non-qualified stock option granted to a Member by the
                Employing
                Company or Affiliated Company, but only to the extent that the value
                of
                the option is includable in the gross income of the Member for the
                taxable
                year in which granted;

            

    

     

    
      	
               

            	
              (7)

            	
              The
                amount includable in the gross income of an Member upon making the
                election described in Section 83(b) of the
                Code;

            

    

     

    
      	
               

            	
              (8)

            	
              The
                amount which is not includable in an Member’s gross income as a result of
                the application of Sections 402(g)(3) and 125 of the Code;
                and

            

    

     

    
      	
               

            	
              (9)

            	
              The
                elective amounts that are not includible in the gross income of the
                Member
                by reason of Section 132(f)(4) of the
                Code.

            

    

     

    
      	
               

            	
              (b)

            	
              415
                Compensation shall not include items such
                as:

            

    

     

    
      	
               

            	
              (1)

            	
              Contributions
                made by an Employing Company or Affiliated Company to a plan of deferred
                compensation to the extent that, before the application of the limitations
                of Section 415 of the Code to that plan, the contributions are not
                includable in the gross income of the Member for the taxable year
                in which
                contributed;

            

    

     

    
      	
               

            	
              (2)

            	
              Any
                distributions from a plan of deferred compensation, regardless of
                whether
                such amounts are includable in the gross income of the Member when
                distributed, with the exception of any amounts received by a Member
                pursuant to an unfunded non-qualified plan, which amounts may be
                considered as compensation in the year such amounts are includable
                in the
                gross income of the Member;

            

    

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (3)

            	
              Amounts
                realized from the exercise of a non-qualified stock option, or when
                restricted stock (or property) held by a Member either becomes freely
                transferable or is no longer subject to a substantial risk of forfeiture
                as defined within the meaning of Section 83 of the Code and the
                regulations thereunder;

            

    

     

    
      	
               

            	
              (4)

            	
              Amounts
                realized from the sale, exchange or other disposition of stock acquired
                under a qualified stock option; and

            

    

     

    
      	
               

            	
              (5)

            	
              Other
                amounts which receive special tax benefits, such as premiums for
                group
                term life insurance (but only to the extent that the premiums are
                not
                includable in the gross income of the
                Member).

            

    

     

    
      	
            	
               

            	
              “Account”
                shall mean the sum of assets credited to a Participant or an Alternate
                Payee or other Present Interest Beneficiary in Investment Offerings
                held
                in the Fund under the terms of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Accountholder,”
                with respect to an Account, shall mean a Participant or an Alternate
                Payee
                or other Present Interest Beneficiary with rights of possession over
                assets in the Account.

            

    

     

    
      	
            	
               

            	
              “Accredited
                Service” shall mean the period of service described in
                Article 4 of the Regulations.

            

    

     

    
      	
            	
               

            	
              “Active
                Employee” shall mean an active Employee of a Contributing
                Company.

            

    

     

    
      	
            	
               

            	
              “Actual
                Contribution Percentage,” for each Plan Year for
                a given Eligible Employee, shall mean the ratio (expressed as a
                percentage) of (a) the amount of Member After-Tax Contributions (excluding
                amounts as determined under Treasury Regulation 1.401(m)-2(a)(5))
                by the
                Eligible Employee for the Plan Year, to (b) the Eligible Employee’s
                Testing Compensation for such Plan
                Year.

            

    

     

    
      	
            	
               

            	
              “Actual
                Deferral Percentage,” for each Plan Year for a given Eligible
                Employee, shall mean the ratio (expressed as a percentage) of (a)
                the
                amount of Member Pre-Tax Contributions (excluding amounts as determined
                under Treasury Regulation 1.401(k)-2(a)(5)) paid to the Fund on behalf
                of
                the Eligible Employee for the Plan Year, to (b) the Eligible Employee’s
                Testing Compensation for such Plan
                Year.

            

    

     

    
      	
            	
               

            	
               “ACP
                Limit” shall mean the Average Actual Contribution Percentage
                limitation under Section 23.4 of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “ADP
                Limit” shall mean the Average Actual Deferral Percentage
                limitation under Section 23.1 of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Affiliated
                Company” shall have the meaning set out in Section 2.2 of
                the Regulations.

            

    

     

    
      	
            	
               

            	
              “After-Tax
                Rollover Subaccount” shall mean that portion of an Account
                consisting of:  (a)(1) after-tax contributions transferred
                to the Fund in a rollover transaction from one or more Eligible Retirement
                Plans (other than individual retirement accounts); and (2) after-tax
                rollover contributions under one or more qualified Eligible Retirement
                Plans (other than individual retirement accounts) merged into the
                Fund;
                and (b) such Subaccount’s allocable portion of net gains and
                losses.

            

    

     

    
      	
            	
               

            	
              “Alternate
                Payee” shall mean: (a) an “alternate payee,” within the meaning
                of Section 206(d)(3)(K) of ERISA, who is the spouse or former spouse
                of a
                Participant; or (b) an individual (1) who would be an “alternate payee,”
                within the meaning of Section 206(d)(3)(K) of ERISA, of a Beneficiary
                if
                the Beneficiary were a Participant, and (2) who is the spouse or
                former
                spouse of that Beneficiary.

            

    

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Annual
                Additions” shall mean the sum for any Plan Year
                of Contributions to the Fund and employer contributions and employee
                contributions to other defined contribution plans of the Affiliated
                Companies.

            

    

     

    
      	
            	
               

            	
              “Annual
                Compensation Limit” for Plan Years beginning after December 31,
                2001, shall mean:

            

    

     

    
      	
               

            	
              (a)

            	
              $170,000
                for purposes of determining Company Contributions;
                and

            

    

     

    
      	
               

            	
              (b)

            	
              for
                all other purposes, $200,000 as adjusted for cost-of-living increases
                in
                accordance with Section 401(a)(17)(B) of the
                Code.

            

    

     

    
      	
            	
               

            	
              “Automatic
                Enrollment Date” shall mean the 45th
                day
                following the Member’s date of hire or rehire, or such later day that is
                at least 40 days from the date that the notice for newly hired and
                rehired
                Members described in Section 5.2 of the Regulations is generated
                to such
                Member.

            

    

     

    
      	
            	
               

            	
              “Average
                Actual Contribution Percentage” shall mean for a specified group
                of Eligible Employees, for each Plan Year, the average of the Actual
                Contribution Percentages calculated separately for each Eligible
                Employee
                in such group.

            

    

     

    
      	
            	
               

            	
              “Average
                Actual Deferral Percentage” shall mean for a specified group of
                Eligible Employees, for each Plan Year, the average of the Actual
                Deferral
                Percentages calculated separately for each Eligible Employee in such
                group.

            

    

     

    
      	
            	
               

            	
              “Base
                Pay” shall mean that portion of a Member’s Compensation that is
                not attributable to a variable pay program or an incentive compensation
                program established and maintained by a Contributing
                Company.

            

    

     

    
      	
            	
               

            	
              “Beneficiary”
                shall mean a person who is or may become entitled to all or a portion
                of
                an Account by virtue of being (a) designated by the Participant,
                Alternate Payee, or Present Interest Beneficiary who is the Accountholder
                and who, in the case of a Participant’s designating a non-spousal
                beneficiary, has obtained the consent of the surviving spouse;
                (b) the surviving spouse of the Accountholder if there is no person
                designated by the Participant, Alternate Payee, or Present Interest
                Beneficiary who is the Accountholder, or if the surviving spouse
                of a
                Participant fails to consent to the Participant’s designation of a
                non-spousal beneficiary in the manner provided in Article 12;
                (c) the estate if there is no person designated by, and no surviving
                spouse of, the Participant, Alternate Payee, or Present Interest
                Beneficiary who is the Accountholder; or (d) Alternate Payee of a
                Participant, Alternate Payee, or Present Interest Beneficiary who
                is the
                Accountholder; provided, however, that the only Beneficiaries
                entitled to give investment directions during the life of an Accountholder
                are Alternate Payees of that
                Accountholder.

            

    

     

    
      	
            	
               

            	
              “Beneficiary
                Borrower” shall have the meaning set out in Section 11.4 of
                the Regulations.

            

    

     

    
      	
            	
               

            	
              “Borrowers”
                shall mean Participants and Present Interest Beneficiaries eligible
                to
                make a loan under the terms of Article 11 of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “BrokerageLink”
                shall mean the brokerage investment alternative set out in Part IV of
                Schedule C to the Regulations.

            

    

     

    
      	
            	
               

            	
              “Code”
                shall mean the Internal Revenue Code of 1986, as
                amended.

            

    

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Commingled
                Funds” shall mean the investment alternatives set out in
                Parts I and II of Schedule C to the Regulations other than the
                Separately Managed Account Funds and Spartan®
                International
                Index Fund – Investor Class.

            

    

     

    
      	
            	
               

            	
              “Company
                Contributions” shall mean contributions made to the Fund by the
                Employing Companies pursuant to Article 6 of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Company
                Contribution Subaccount” shall mean that portion of a Member’s
                Account consisting of:  (a)(1) Company Contributions;
                (2) company contributions transferred to the Fund in a trust-to-trust
                transfer from one or more qualified plans that do not allow for in-service
                distribution of such assets before the Member attains age 591⁄2;
                (3) company contributions under one or more qualified plans merged
                into the Fund which plans do not allow for in-service distributions
                of
                such assets before the Member attains age 591⁄2; and (b) such
                Subaccount’s allocable portion of net gains and
                losses.

            

    

     

    
      	
            	
               

            	
              “Compensation”
                shall mean, with respect to a Member, his net compensation (without
                taking
                into account  overtime, extended work week, or premium
                remuneration, including premiums that a Member may receive, if any,
                as a
                result of a temporary assignment to a foreign work location, bonuses,
                or
                special allowances for living expenses, dwelling, medical assistance,
                or
                the like, or any transition payment made in connection with the
                Contributing Companies’ 1994-1995 salary programs) and, compensation shall
                include contributions made by a Contribut­ing Company (or on its
                behalf by an affiliated corporation as defined within the meaning
                of
                Section 1504 of the Code), to a Member’s account pursuant to such Member’s
                designation or salary deferral election, with a plan which satisfies
                the
                requirements of Section 125, Section 132(f), or Section 401(k) of the
                Code which plan the Contribut­ing Company may adopt, to the extent
                such amounts, if not so designated or elected by the Member, would
                be
                included in his compensation. Compensation shall not
                include:

            

    

     

    
      	
               

            	
              (a)

            	
              any
                amount paid under the Pennzoil-Quaker State Company Change in Control
                Retention/Severance Plan;

            

    

     

    
      	
               

            	
              (b)

            	
              any
                amount of severance pay or payments for accrued vacation received
                after a
                Member separates from service from the Employer (and any Affiliated
                Company); or

            

    

     

    
      	
               

            	
              (c)

            	
              any
                amount of severance pay or payments for accrued vacation received
                as, or
                before, a Member separates from service from the Employer (and any
                Affiliated Company) if such amount is not paid for a period of approved
                absence from work;

            

    

     

    and
      any
      such amounts shall be disregarded for all purposes under this
      Plan.  Notwithstanding anything in this Article to the contrary,
      Compensation of a Member shall include compensation paid to certain groups
      of
      Members as set forth in Schedule E, payments made after December 31,
      1994, and prior to January 1, 2003, under the incentive compensation plans
      as listed in Part One of Schedule G and payments made on or after January
      1, 2003, under a variable pay program (sometimes also referred to as an
      incentive compensation program) established and maintained by a Contributing
      Company and not listed on Part Two of Schedule G, provided the
      payments were either received before termination of service from all Affiliated
      Companies or, in the case of payments made on or after September 30, 2003,
      recorded as soon as administratively feasible following such termination of
      service, and provided, further the payments were not deferred from a
      prior year.  For purposes of the preceding sentence,
“Affiliated Company” shall be as defined in Section 2.2 of
      the Regulations without regard to the second sentence of that
      definition.  Compensation shall also include payments for hours in
      excess of forty hours per week, which payments are related to the 2002 plan
      year
      incentive compensation programs of Equilon Enterprises LLC d/b/a Shell Oil
      Products US (SOPUS), including Equilon Pipeline Company LLC, and Motiva
      Enterprises LLC, paid in March 2003 to hourly Employees employed by SOPUS,
      Shell
      Pipeline Company LP, or Motiva Company, but only to the extent such payments
      are
      not otherwise already included as Compensation.  Compensation shall
      also include payments for hours in excess of forty hours per week where such
      hours are part of an established normal work schedule of more than forty hours
      per week, paid in March 2004 to hourly Employees then employed at the Port
      Arthur, Texas and Delaware City, Delaware refineries and related to the 2003
      plan year incentive compensation program of Motiva Company, but only to the
      extent such payments are not otherwise already included in
      Compensation.  Commissions shall be con­sider­ed a part of a
      Member’s compensation when paid in addition to a fixed basic wage or
      salary.  The compensation of a Member shall also include payments made
      to him under a disability benefit plan of a Contributing Company, except that
      the Member shall not be required to pay into the Fund any percentage of sums
      received under a worker’s compensation, or similar law, which, under the terms
      of any such disability benefit plan, are deducted from the benefit payments
      under such plan.  The Contributing Company’s contribu­tions,
      however, shall be based on an amount equivalent to the disability benefit
      payments the Member would have received had there been no such
      reduction.  With the exception of Members affected by the previous
      sentence, compensation shall not exceed the following:  the sum of 415
      Compensation and any amount which is contributed by the Contributing Company
      pursuant to a salary reduction agreement and which is not includable in a
      Member’s gross income by reason of the application of Section 125 of the Code
      relating to cafeteria plans, Section 132(f)(4) of the Code relating to
      qualified transportation fringe benefits, or Section 402(e)(3) of the Code
      relating to cash or deferred arrange­ments.  Compensation, for
      purposes of determining contribu­tions by or on behalf of a Member whose
      hourly rate of pay is established at a specified rate solely by reason of being
      assigned to an estab­lished normal work schedule that includes hours in
      excess of eight (8) hours per workday, shall be determined by application of
      a
      factor that will result in such Member’s compensa­tion (for such purposes)
      being the same as if his hourly rate had not been so established.  In
      addition to other applicable limita­tions set forth in the Plan, and
      notwithstanding any other provi­sion of the Plan to the contrary, for Plan
      Years beginning on or after January 1, 1994, the annual compensation of each
      Employee taken into account under the Plan shall not exceed the Annual
      Compensation Limit.

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Conduit
                IRA” shall mean an individual retirement account described in
                Section 408(a) of the Code, provided that all amounts in said
                individual retirement account (including earnings) are attributable
                to
                rollover contributions received from the Fund or another qualified
                plan
                sponsored by an employer that also sponsored the Fund or the Coral
                Energy
                Services, LLC Savings Plan at the time the rollover contributions
                were
                received by the individual retirement
                account.

            

    

     

    
      	
            	
               

            	
              “Contributing
                Company” shall mean Shell Oil Company and the other Contributing
                Companies that have joined the Fund in accordance with the provisions
                of
                the Trust Agreement and the Regulations and, subject to the approval
                of
                the Trustees, other Affiliated Companies that may join the
                Fund.

            

    

     

    
      	
            	
               

            	
              “Contribution
                Addition” shall mean a contribution to reimburse the Fund for
                administration expenses where the Plan Administrator, based on all
                relevant facts and circumstances, requests reimbursement, and the
                Contributing Company determines the administration expenses are not
                appropriate for recovery from certain
                Accounts.

            

    

     

    
      	
            	
               

            	
              “Contributions”
                shall mean Company Contributions and Member
                Contributions.

            

    

     

    
      	
            	
               

            	
              “Controlled
                Group Company” shall mean:  (a) a corporation, with the
                exception of the Contributing Company, which is a member of a controlled
                group of corporations (within the meaning of Section 1563(a) of the
                Code,
                determined without regard to Sections 1563(a)(4) and (e)(3)(C) thereof)
                which includes the Contributing Company; (b) any trade or business
                (whether or not incorporated), with the exception of the Contributing
                Company, which is under common control (as defined in Section 414(c),
                as
                modified by Section 415(h), of the Code and regulations thereunder)
                with
                such Contributing Company; (c) any organization (whether or not
                incorporated), with the exception of the Contributing Company, which
                is a
                member of an affiliated service group (as defined in Section 414(m)
                of the
                Code) which includes the Contributing Company; and (d) any other
                entity
                required to be aggregated with the Contributing Company pursuant
                to
                regulations under Section 414(o) of the
                Code.

            

    

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Core
                Funds” shall mean the Investment Offerings set out in
                Part II of Schedule C to the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Cure
                Period” shall have the meaning set out in Section 11.4 of
                the Regulations.

            

    

     

    
      	
            	
               

            	
              “Default
                Fund,” with respect to each Participant or Beneficiary who fails
                to make a valid investment direction or who has no valid investment
                direction on file, shall mean the Investment Offering in which
                Contributions, rollovers to the Fund, and loan repayments are invested
                based on the Accountholder’s date of birth.  Such Investment
                Offering for a Participant or Beneficiary whose date of birth
                is:

            

    

     

    
      	
               

            	
              (a)

            	
              On
                or before December 31, 1939, shall be the LifePath® Retirement
                Fund;

            

    

     

    
      	
               

            	
              (b)

            	
              January 1,
                1940, to December 31, 1949,  shall be the LifePath 2010®
                Fund;

            

    

     

    
      	
               

            	
              (c)

            	
              January 1,
                1950, to December 31, 1959,  shall be the LifePath 2020®
                Fund;

            

    

     

    
      	
               

            	
              (d)

            	
              January 1,
                1960, to December 31, 1969,  shall be the LifePath 2030®
                Fund; and

            

    

     

    
      	
               

            	
              (e)

            	
              On
                or after January 1, 1970, shall be the LifePath 2040®
                Fund.

            

    

     

    
      	
            	
               

            	
              “Derivative
                Account” shall mean an Account such as an Alternate Payee’s
                Account or a Beneficiary’s Account that is derived from a Participant’s
                Account.

            

    

     

    
      	
            	
               

            	
              “Designated
                Beneficiary” shall mean the individual who is designated as a
                Qualified Beneficiary pursuant to Article 12 of the Regulations and
                is the
                designated beneficiary under Section 401(a)(9) of the Code and Section
                1.401(a)(9)-1, Q&A-4, of the Treasury
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Determination
                Date” shall mean with respect to any Plan Year, the last day of
                the preceding Plan Year.

            

    

     

    
      	
            	
               

            	
              “Disability
                Leave” shall mean a period consisting of a number of consecutive
                days beginning on the first day of an employer-authorized unpaid
                leave of
                absence by reason of disability, as defined by Shell Oil
                Company.

            

    

     

    
      	
            	
               

            	
              “Distributee”
                shall mean a Participant; the Participant’s surviving spouse; or the
                Participant’s spouse or former spouse who is the Alternate Payee with
                regard to the interest of the spouse or former spouse,
                respectively.

            

    

     

    
      	
            	
               

            	
              “Distribution
                Calendar Year” shall mean a calendar year for which a minimum
                distribution is required. For distributions beginning before the
                Member’s
                death, the first Distribution Calendar Year is the calendar year
                immediately preceding the calendar year which contains the Member’s
                required beginning date. For distributions beginning after the Member’s
                death, the first Distribution Calendar Year is the calendar year
                in which
                distributions are required to begin under Section 25.2 of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Eligible
                Employee” shall mean an Employee who
                satisfies the eligibility requirements of Section 3.1 of the
                Regulations, whether or not he participates in the
                Fund.

            

    

     

    
      	
            	
               

            	
              “Eligible
                Investment Company Funds” shall mean the investment alternatives
                set out in Parts I, II, and III of Schedule C to the Regulations
                other than the Separately Managed Account
                Funds.

            

    

     

    
      	
            	
               

            	
              “Eligible
                Retirement Plan,” except as provided in Section 13.3, shall
                mean an individual retirement account described in section 408(a) of
                the Code, an individual retirement annuity described in
                section 408(b) of the Code, an annuity plan described in
                section 403(a) of the Code, or a qualified trust described in
                section 401(a) of the Code, that accepts the Distributee’s Eligible
                Rollover Distribution. However, in the case of an Eligible Rollover
                Distribution to the surviving spouse, an Eligible Retirement Plan
                is
                limited to an individual retirement account or individual retirement
                annuity.

            

    

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Eligible
                Rollover Distribution” shall mean any distribution or withdrawal
                of all or any portion of the balance to the credit of the Distributee,
                except that an Eligible Rollover Distribution does not include: any
                distribution or withdrawal that is one of a series of substantially
                equal
                periodic payments (not less frequently than annually) either 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; any
                distribution or withdrawal to the extent such distribution or withdrawal
                is required under section 401(a)(9) of the Code; and the portion of
                any distribution or withdrawal that is not includable in gross income
                for
                federal income tax purposes (determined without regard to the exclusion
                for net unrealized appreciation with respect to employer
                securities).

            

    

     

    
      	
               

            	
              “Employee,”
                except as set forth hereinbelow, shall mean any person in the service
                of
                any of the Contributing Companies who receives a regular and stated
                compensation (other than a retainer) directly from such Contributing
                Company, provided, however, that, Employees shall not include any
                person employed by any corporation or business entity that is not
                a
                Contributing Company hereunder which is merged or liquidated into,
                or
                whose assets are acquired by any Contributing Company, unless the
                Contributing Company, with the consent of Shell Oil Company, designates
                the employees of such corporation or other business entity, as the
                case
                may be, as Employees under the Fund pursuant to written resolutions
                adopted by such Contributing Company at any time prior to or after
                such
                liquidation, merger, or asset
                acquisition.

            

    

     

    
      	
               

            	
              The
                term “Employee” shall not include: (a) a person whose compensation is
                paid solely in the form of commissions; (b) a non-resident alien;
                (c) a person who is temporarily employed by a Contributing Company
                because of a transfer from a foreign Affiliated Company which is
                not a
                Contributing Company; (d) a person who is a Leased Employee;
                (e) a person whose contract of employment or engagement letter or
                contract for services explicitly states or implicitly provides that
                the
                person is not entitled to participate in this Fund, in particular,
                or the
                employee benefit plans of one or more Contributing Companies, in
                general;
                or (f) a person designated by the relevant Contributing Company as an
                independent contractor.  In addition to the foregoing, and
                notwithstanding anything herein to the contrary, a person shall not
                be
                treated as an Employee eligible to, among other things, make Member
                Contri­butions and receive Company Contributions under the Fund (even
                if such person is determined to be a common law employee of the Employing
                Company entitled to service credits for eligibility purposes under
                the
                Fund) before the date the Employing Company is required to withhold
                federal income taxes from the person’s pay.  “Affiliated
                Company” for purposes of this paragraph shall be as defined in
                Section 2.2, except that the phrase “more than 25 percent” shall
                be substituted for the phrase “more than 50 percent.”  In
                addition to the foregoing, and notwithstanding anything herein to
                the
                contrary, the term “Employee” shall not mean any person during any period
                or periods of time that such person does, or may, actively participate
                in
                the Shell Chemical Company Employee Savings Plan for Bargaining Unit
                Employees (the “Pt Pleasant Plan”); provided, however, that the
                term “Employee” shall include such person from the date his employing
                Contributing Company reclassifies him as a staff employee up to and
                including June 1, 2000, so long as he no longer participates actively
                in such Pt Pleasant Plan during that time, and otherwise meets the
                definition of Employee.  In addition to the foregoing, and
                notwithstanding anything herein to the contrary, the term “Employee” shall
                not mean any person during any period or periods of time that such
                person
                is represented by one of those certain bargaining units commonly
                known as:
                the Brotherhood of Teamsters, Auto Truck Drivers, Line Drivers, Car
                Haulers and Helpers, Local No. 70 of Alameda County, Affiliated with
                the
                International Brotherhood of Teamsters, Chauffeurs, Warehousemen
                and
                Helpers of America; the International Brotherhood of Teamsters,
                Chauffeurs, Warehousemen and Helpers of America, Local No. 397 (North
                East, PA Distribution Center Drivers); Teamsters Local Union #416,
                Affiliated with the International Brotherhood of Teamsters, Chauffeurs,
                Warehousemen and Helpers of America (Blue Coral, Cleveland); or Truck
                Drivers & Chauffeurs Union, Local No. 478, International Brotherhood
                of Teamsters, Chauffeurs, Warehousemen and Helpers of America, AFL
                (Whippany, NY); or any successors to any of these unions under a
                collective bargaining agreement with Pennzoil-Quaker State Company
                d/b/a
                SOPUS Products or a successor.

            

    

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              An
                Employee shall cease to be such under this Fund upon termination
                of his
                service for any cause whatsoever, provided, however, that an
                Employee shall continue to be treated as such under this Fund during
                all
                periods of leave of absence (u) with pay (1) not exceeding one
                year or (2) in excess of one year where such leave is granted in
                connection with the Pennzoil-Quaker State Company Change in Control
                Retention/Severance Plan, (v) without pay due to sickness or
                disability, (x) due to war or national emergency, (y) in
                accordance with the military leave policy of his Employing Company,
                and
                (z) other Contributing Company authorized leaves of
                absence.

            

    

     

    
      	
            	
               

            	
              “Employer”
                shall mean the group of companies comprising an Employing Company
                and each
                company which would be a Controlled Group Company with respect to
                that
                Employing Company.

            

    

     

    
      	
            	
               

            	
              “Employing
                Company” shall mean, with respect to a Member, the Contributing
                Company that employs such Member.

            

    

     

    
      	
            	
               

            	
              “Employment
                Commencement Date” shall mean the date an individual first
                performs an Hour of Service for one of the Contributing
                Companies.

            

    

     

    
      	
            	
               

            	
              “ERISA”
                shall mean the Employee Retirement Income Security Act of 1974, as
                amended.

            

    

     

    
      	
            	
               

            	
              “Excess
                Aggregate Contributions” shall mean, with respect to any Plan
                Year, the excess of (a) the aggregate amount of Member After-Tax
                Contributions actually made by Highly Compensated Employees for such
                Plan
                Year, over (b) the maximum amount of such Member After-Tax Contributions
                permitted under the ACP Limit.

            

    

     

    
      	
            	
               

            	
              “Excess
                Contributions” shall mean, with respect to any Plan Year, the
                excess of (a) the aggregate amount of Member Pre-Tax Contributions
                actually made by Highly Compensated Employees for such Plan Year,
                over (b)
                the maximum amount of such Member Pre-Tax Contributions permitted
                under
                the ADP Limit.

            

    

     

    
      	
            	
               

            	
              “Excess
                Deferral Amount” shall mean the amount of Member Pre-Tax
                Contributions that the Participant allocated to the Fund that exceeds
                the
                limit imposed on the Participant by Section 402(g)(1) of the Code
                for the
                taxable year in which the Member Pre-Tax Contributions
                occurred.

            

    

     

    
      	
            	
               

            	
              “Fiduciary”
                shall mean each Trustee, the Plan Administrator, and other Employees
                (except for Members and Beneficiaries to the extent they direct
                investments in their own Accounts) deemed to be fiduciaries as to
                this
                Fund.

            

    

     

    
      	
            	
               

            	
              “First
                Service Spanning Rule” shall mean the Service Spanning Rule set
                forth in Section 4.1(e)(1) of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Former
                Member” shall mean a former Employee who was a Member of the Fund
                before he terminated his employment and who is still a participant;
                or,
                where the context permits, a former Employee who becomes a Participant
                by
                electing to have a Valid Rollover Contribution contributed directly
                to the
                Fund.

            

    

     

    
      	
            	
               

            	
              “Fund” shall
                mean the Shell Provident Fund.

            

    

     

    
      	
            	
               

            	
              “Hardship
                Withdrawal” shall mean a distribution from the Member Pre-Tax
                Subaccount of a Member in accordance with Section 10.6 made on account
                of
                an immediate and heavy financial need of the Member that is necessary
                to
                satisfy the financial need.

            

    

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Highly
                Compensated Employee” shall mean an
                employee of the Employing Company who was a five-percent owner, as
                defined
                in Section 416(i)(1) of the Code, at any time during the “determination
                year” or the “look-back year;” or had “compensation” from an Employing
                Company during the look-back year in excess of $80,000 (as adjusted
                pursuant to Section 415(d) of the Code) and, if the Employing Company
                so
                elects, was in the top-paid group of employees for the look-back
                year.

            

    

     

    
      	
               

            	
              The
                determination of who is a Highly Compensated Employee hereunder,
                including
                determinations as to the number and identity of employees in the
                top-paid
                group and the compensation considered, shall be made in accordance
                with
                the provisions of Section 414(q) of the Code and regulations issued
                thereunder.  An employee is in the top-paid group of employees
                for any year if such employee is in the group consisting of the top
                20
                percent of the employees when ranked on the basis of compensation
                paid
                during such year.  For purposes of determining the number of
                employees in the top-paid group, employees described in Section 414(q)(5)
                of the Code and Q&A 9(b) of Section 1.414(q)-1T of the Regulations are
                excluded.  Employers aggregated under Section 414(b), (c), (m),
                or (o) of the Code are treated as a single employer.  For
                purposes of this definition, the following terms have the following
                meanings:

            

    

     

    
      	
               

            	
              (a)

            	
              The
                “determination year” means the Plan Year for which the
                determination of who is a Highly Compensated Employee is being
                made.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                “look-back year” means the 12-month period immediately
                preceding the determination year or, if the Employer so elects in
                the
                Plan, the calendar year beginning with or within such 12-month
                period.

            

    

     

    
      	
               

            	
              (c)

            	
              For
                purposes of this definition, the term “compensation” has
                the meaning set forth in Section 415(c)(3) of the
                Code.

            

    

     

    
      	
               

            	
              The
                identification of Highly Compensated Employees is subject to further
                provisions of Section 414(q) of the Code and applicable Department
                of
                Treasury regulations.  The term “Highly Compensated Employee”
                shall not include any employee who is a nonresident alien and who
                receives
                no earned U.S. source income from the
                Employer.

            

    

     

    
      	
            	
               

            	
              “Hour
                of Service” shall mean an hour for which an individual is paid or
                entitled to payment by the Contributing Companies for the performance
                of
                duties (or for which back pay is awarded) provided such hour has
                not
                previously been taken into account, except an hour for which a premium
                rate is paid because such hour is in excess of the maximum workweek
                applicable to an employee under Section 7(a) of the Fair Labor
                Standards Act of 1938, as amended, or because such hour is in excess
                of a
                bona fide standard workweek or workday.  An Hour of Service is
                performed on the day an Employee Terminates, but not on the first
                day of a
                leave of absence.

            

    

     

    
      	
            	
               

            	
              “Investment
                Manager” shall mean a fiduciary (a) who has the power to
                manage, acquire, or dispose of any assets of the Fund or a portion
                thereof; (b) who (1) is registered as an investment adviser
                under the Investment Advisers Act of 1940, as amended, or under state
                law,
                (2) is a bank as defined in that Act, or (3) is an insurance
                company qualified to perform services described in (a) above under
                the
                laws of more than one state; and (c) who acknowledges in writing that
                he is a fiduciary with respect to this Fund.  An Investment
                Manager shall qualify as such by delivering a written acceptance
                to the
                Trustees, and shall be subject to the further conditions of
                Section VII of the Trust
                Agreement.

            

    

     

    
      	
            	
               

            	
              “Investment
                Offerings” shall mean the investment alternatives in which assets
                of the Fund may be invested which alternatives shall be those that
                are set
                out in Schedule C to the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Key
                Employee” shall mean shall mean an Employee or former Employee
                (and the beneficiaries of that Employee) who at any time during the
                Plan
                Year or the preceding four (4) Plan Years was a bona fide officer
                of an
                Employing Company and who earned compensation (as defined in Section
                414(q)(7) of the Code for purposes of determining highly compensated
                employees) for the Plan Year in excess of 50 percent of the dollar
                limit
                for defined contribution plans under Section 415(b)(1)(A) of the Code
                for the calendar year.  The maximum number of such officers
                shall be the lesser of:

            

    

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (a)

            	
              50
                employees or,

            

    

     

    
      	
               

            	
              (b)

            	
              the
                greater of three (3) employees or 10% of all
                employees.

            

    

     

    
      	
            	
               

            	
              “Labor
                Dispute Period” shall mean a number of consecutive days beginning
                on the first day, as determined by Shell Oil Company, of a strike,
                a
                lockout, or any other similar labor dispute, and ending on the date
                that
                the strike, lockout, or any other similar labor dispute is resolved
                as
                determined by Shell Oil Company.

            

    

     

    
      	
            	
               

            	
              “Leased
                Employee” shall mean an individual who satisfies the definition
                of a leased employee in Section 414(n)(2) of the Code.  For this
                purpose, an individual who has performed services for an Affiliated
                Company for at least 750 hours during a 12-consecutive-month period
                which
                begins on the date the leased employee first completes an Hour of
                Service
                with a Contributing Company will be considered to have performed
                services
                on a substantially full-time basis for a period of at least one
                year.

            

    

     

    
      	
            	
               

            	
              “Lifecycle
                Funds” shall mean the Investment Offerings set out in Part I of
                Schedule C to the Regulations.

            

    

     

    
      	
            	
               

            	
              “Life
                Expectancy” shall mean the life expectancy as computed by use of
                the Single Life Table in Section 1.401(a)(9)-9 of the Treasury
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Member”
                shall mean an Employee qualified to participate in the Fund pursuant
                to
                Section 3.1 or 3.2.

            

    

     

    
      	
            	
               

            	
              “Member’s
                Account Balance,” for purposes of the minimum required
                distribution rules, shall mean 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 Fund
                either in
                the valuation calendar year or in the Distribution Calendar Year
                if
                distributed or transferred in the valuation calendar
                year.

            

    

     

    
      	
            	
               

            	
              “Member
                After-Tax Base Pay Election” shall mean an election to contribute
                1% to 25% of Base Pay, in 1⁄2% increments, as a Member After-Tax
                Contribution.

            

    

     

    
      	
            	
               

            	
              “Member
                After-Tax Contributions” shall mean after-tax contributions made
                to the Fund at the election of a Member which contributions represent
                a
                percentage of the Compensation the Member earns as a Member in the
                employ
                of a Contributing Company during a payroll period; or, where the
                context
                so suggests, the accumulated contributions so made to the
                Fund.

            

    

     

    
      	
            	
               

            	
              “Member
                After-Tax Subaccount” shall mean that portion of an Account
                consisting of: (a)(1) Member  After-Tax Contributions;
                (2) participant after-tax contributions transferred to the Fund in a
                trust-to-trust transfer from one or more qualified plans; and (3)
                participant after-tax contributions under one or more qualified plans
                merged into the Fund; and (b) such Subaccount’s allocable portion of
                net gains and losses.

            

    

     

    
      	
            	
               

            	
              “Member
                After-Tax Variable Pay Election” shall mean an election to
                contribute from 1% to 25% of Variable Pay, in 1⁄2% increments, as a Member
                After-Tax Contribution.

            

    

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Member
                Catch-Up Contributions” shall mean elective deferrals---in
                accordance with, and subject to the limitations of, Section 414(v) of
                the Code---made to the Fund at the election of a Member who is eligible
                to
                make Member Pre-Tax Contributions hereunder and who will attain at
                least
                age 50 before the close of the Plan Year, which such contributions
                represent a percentage of the Compensation the Member earns as a
                Member in
                the employ of a Contributing Company during a payroll period; or,
                where
                the context so suggests, the accumulated contributions so made to
                the
                Fund.

            

    

     

    
      	
            	
               

            	
              “Member
                Catch-Up Election” shall mean an election to contribute from 1%
                to 50% of Base Pay and Variable Pay, in 1⁄2% increments, as a Member
                Catch-Up Contribution; provided, however, this election shall
                only be available to a Member who will attain at least age 50 before
                the
                close of the Plan Year.

            

    

     

    
      	
            	
               

            	
              “Member
                Catch-Up Subaccount” shall mean that portion of an Account
                consisting of: (a)(1) Member Catch-Up Contributions,
                (2) catch-up contributions transferred to the Fund in a
                trust-to-trust transfer from one or more qualified plans, and
                (3) catch-up contributions under one or more qualified plans merged
                into the Fund; and (b) such Subaccount’s allocable portion of net
                gains and losses.

            

    

     

    
      	
            	
               

            	
              “Member
                Contributions” shall mean Member Pre-Tax Contributions, Member
                After-Tax Contributions, and Member Catch-Up
                Contributions.

            

    

     

    
      	
            	
               

            	
              “Member
                Pre-Tax Base Pay Election” shall mean an election to contribute
                from 1% to 50% of Base Pay, in 1⁄2% increments, as a Member Pre-Tax
                Contribution.

            

    

     

    
      	
            	
               

            	
              “Member
                Pre-Tax Contributions” shall mean elective deferrals made to the
                Fund at the election of a Member which elective deferrals represent
                a
                percentage of the Compensation the Member earns as a Member in the
                employ
                of a Contributing Company during a payroll period; or, where the
                context
                so suggests, the accumulated elective deferrals so made to the
                Fund.  This does not include Member Catch-Up
                Contributions.

            

    

     

    
      	
            	
               

            	
              “Member
                Pre-Tax Subaccount” shall mean that portion of an Account
                consisting of: (a)(1) Member Pre-Tax Contributions;
                (2) qualified non-elective contributions; (3) elective deferrals
                transferred to the Fund in a trust-to-trust transfer from one or
                more
                qualified plans; and (4) elective deferrals under one or more
                qualified plans merged into the Fund; and (b) such Subaccount’s
                allocable portion of net gains and
                losses.

            

    

     

    
      	
            	
               

            	
              “Member
                Pre-Tax Variable Pay Election” shall mean an election to
                contribute from 1% to 50% of Variable Pay, in 1⁄2% increments, as a Member
                Pre-Tax Contribution.

            

    

     

    
      	
            	
               

            	
              “Member
                Secondary Election” shall mean an election to contribute from 1%
                to 25% of Base Pay, in 1⁄2% increments, or a deemed election of 0% that will
                apply as provided in Section
                5.5(b).

            

    

     

    
      	
            	
               

            	
              “Mutual
                Fund Window” shall mean the Fidelity FundsNetSM
                investment
                and grandfathered investment alternatives set out in Part III of
                Schedule C to the Regulations.

            

    

     

    
      	
            	
               

            	
              “Non-Contributing
                Company” shall mean any corporation, trade, or business that is
                not a Contributing Company.

            

    

     

    
      	
            	
               

            	
              “Nonhighly
                Compensated Employee” shall mean an employee of a Controlled
                Group Company who is not a Highly Compensated Employee.  The
                identification of Nonhighly Compensated Employees is subject to further
                provisions of Section 414(q) of the Code and applicable Department
                of
                Treasury regulations.  The term “Nonhighly Compensated Employee”
                shall not include any employee who is a nonresident alien and who
                receives
                no earned U.S. source income from the employing Controlled Group
                Company.

            

    

     

     

    
      
        
        

      

      
        13

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Non-Key
                Employee” shall mean an Employee who is not a Key
                Employee.

            

    

     

    
      	
            	
               

            	
               “Participant”
                shall mean a Member or Former
                Member.

            

    

     

    
      	
            	
               

            	
              “Participation
                Service” shall mean a period of service used for determining
                eligibility to receive a Company Contribution of 2.5% (or of 3% for
                former
                members of The Alliance Savings
                Plan).

            

    

     

    
      	
            	
               

            	
              “Payroll
                Closing Date” shall mean the last business day of that pay period
                on which changes that affect the amount of the Employee’s paycheck for
                that pay period, or the credits and debits appearing on the Employee’s pay
                advice for that pay period, can be accepted for
                processing.

            

    

     

    
      	
            	
               

            	
              “Period
                of Absence” shall mean a number of consecutive days beginning on
                the first day of an absence from service from the Contributing Companies
                (with or without pay) for any reason other than Termination or disability,
                such as leave of absence (other than disability), vacation, or
                holiday.

            

    

     

    
      	
            	
               

            	
              “Period
                of Service” shall mean each period of an individual’s Service
                commencing on his Employment Commencement Date or a Reemployment
                Commencement Date, if any, and ending on a Severance from Service
                Date.   For the sole purpose of Participation Service, the
                Period of Severance shall be treated as a Period of Service if the
                Service
                Spanning Rules apply.  A Period of Service shall also include
                any period required to be credited as a Period of Service by federal
                law,
                but only under the conditions and to the extent so required by such
                federal law.  Moreover, for purposes of determining the Period
                of Service, the following applies:

            

    

     

    
      	
               

            	
              (a)

            	
              Except
                as provided in paragraph (b) below, an individual shall be credited
                with one month of Service for each calendar month in which he is
                credited
                with one or more Hours of Service.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                crediting method described in paragraph (a) above shall not apply
                in
                determining whether or not the Service Spanning Rules apply, and
                it shall
                not apply in determining Participation
                Service.

            

    

     

    
      	
            	
               

            	
              “Period
                of Severance” shall mean each period of time commencing on an
                individual’s Severance from Service Date and ending on a Reemployment
                Commencement Date.

            

    

     

    
      	
            	
               

            	
              “Permissive
                Aggregation Group” shall mean the Required Aggregation Group of
                plans plus any other qualified plan or plans of the Employer which,
                when
                considered as a group with the Required Aggregation Group, would
                continue
                to satisfy the requirements of Sections 401(a) and 410 of the
                Code.

            

    

     

    
      	
            	
               

            	
              “Plan”
                shall mean the Regulations of the Shell Provident
                Fund.

            

    

     

    
      	
            	
               

            	
              “Plan
                Administrator” shall mean the “administrator,” within the meaning
                of Section 3(16)(A)(i) of ERISA, designated by the Trustees pursuant
                to the Regulations and Trust
                Agreement.

            

    

     

    
      	
            	
               

            	
              “Plan
                Year” shall be the calendar
                year.

            

    

     

    
      	
            	
               

            	
              “Preceding
                Employee” shall mean an Employee whose most recent prior employer
                during the Qualifying Period is a 25% Affiliated Company at the time
                he
                becomes an Employee of a Contributing
                Company.

            

    

     

    
      	
            	
               

            	
              “Present
                Interest Beneficiary” is a surviving spouse, an individual
                beneficiary at least 18 years of age, or an Alternate Payee, in each
                case,
                entitled to immediate possession of all or a part of a Participant’s
                Account as a consequence of the death or divorce of the Member, or
                entitled to immediate possession of all or a part of a Derivative
                Account
                as a consequence of the death or divorce of an individual (other
                than a
                Participant) who at the time of such event had a present interest
                in the
                Derivative Account.

            

    

     

     

    
      
        
        

      

      
        14

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Pre-Tax
                Rollover Subaccount” shall mean that portion of an Account
                consisting of: (a)(1) pre-tax contributions transferred to the Fund
                in a rollover transaction from one or more Eligible Retirement Plans;
                (2) pre-tax rollover contributions under one or more Eligible
                Retirement Plans merged into the Fund; and (b) such Subaccount’s
                allocable portion of net gains and
                losses.

            

    

     

    
      	
            	
               

            	
              “Prior
                Plan Company Contribution Subaccount” shall mean that portion of
                an Account consisting of:  (a)(1) company contributions
                transferred to the Fund in a trust-to-trust transfer from one or
                more
                qualified plans that allow for in-service distributions of such company
                contributions before the Member attains age 591⁄2; and (2) company
                contributions under one or more qualified plans merged into the Fund
                which
                plans allow for in-service distributions of such company contributions
                before the Member attains age 591⁄2 ; and (b) such Subaccount’s
                allocable portion of net gains and
                losses.

            

    

     

    
      	
            	
               

            	
              “Prior
                Plan Fully Vested Match Subaccount” shall mean that portion of an
                Account consisting of: (a)(1) employer matching contributions not
                subject to a vesting schedule which employer matching contributions
                were
                transferred to the Fund in a trust-to-trust transfer from one or
                more
                qualified plans; and (2) employer matching contributions not subject
                to a vesting schedule under one or more qualified plans merged into
                the
                Fund; and (b) such Subaccount’s allocable portion of net gains and
                losses.

            

    

     

    
      	
            	
               

            	
              “Prior
                Plan Scheduled Vesting Match Subaccount” shall mean that portion
                of an Account consisting of: (a)(1) employer matching contributions
                subject to a vesting schedule which employer matching contributions
                were
                transferred to the Fund in a trust-to-trust transfer from one or
                more
                qualified plans; and (2) employer matching contributions subject to a
                vesting schedule under one or more qualified plans merged into the
                Fund;
                and (b) such Subaccount’s allocable portion of net gains and
                losses.

            

    

     

    
      	
            	
               

            	
              “Qualified
                Beneficiary” shall mean:

            

    

     

    
      	
               

            	
              (a)

            	
              an
                individual who:

            

    

     

    
      	
               

            	
              (1)

            	
              is
                named by a Participant as his beneficiary pursuant to Article 12 and
                is at least 18 years of age (or will attain at least 18 years of
                age
                before said beneficiary’s respective share of the Participant’s account is
                distributed from the Fund), and is entitled to receive distribution
                of all
                or any part of the amount standing to the credit of the Participant
                upon
                the death of the Participant; or

            

    

     

    
      	
               

            	
              (2)

            	
              is
                the surviving spouse of a deceased Participant;
                or

            

    

     

    
      	
               

            	
              (3)

            	
              is
                an alternate payee, within the meaning of Section 206(d)(3)(K) of
                ERISA, who is the spouse or former spouse of a Participant;
                or

            

    

     

    
      	
               

            	
              (b)

            	
              a
                private trust that meets all of the following
                requirements:

            

    

     

    
      	
               

            	
              (1)

            	
              is
                valid under state law, or would be but for the fact that there is
                no
                corpus;

            

    

     

    
      	
               

            	
              (2)

            	
              is
                irrevocable or will, by its terms, become irrevocable upon the death
                of
                the Participant;

            

    

     

    
      	
               

            	
              (3)

            	
              the
                beneficiary or beneficiaries of the trust are identifiable individuals
                from the trust instrument; and

            

    

     

     

    
      
        
        

      

      
        15

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (4)

            	
              the
                beneficiary designation made by the Participant is made in such form
                as
                the Plan Administrator may require and the Participant provides such
                additional information as the Plan Administrator may require, provided
                that,

            

    

     

    
      	
               

            	
              (A)

            	
              for
                any calendar year up to and including the calendar year of the
                Participant’s death, in order to establish that the Participant’s spouse
                is the sole beneficiary under the trust for purposes of Article 25,
                the
                Participant must:  (i) provide to the Plan Administrator a list
                of all of the beneficiaries of the trust (including contingent and
                remainderman beneficiaries with a description of the conditions of
                their
                entitlement) sufficient to establish that the Participant’s spouse is the
                sole beneficiary); (ii) certify that, to the best of the
                Participant’s knowledge, the list of beneficiaries is correct and complete
                and that the requirements of paragraphs (b)(1), (2) and (3) above
                are
                satisfied; (iii) agree to provide corrected certifications to the
                extent that an amendment changes any information previously certified;
                and
                (iv) agree to provide a copy of the trust instrument to the Plan
                Administrator upon demand;

            

    

     

    
      	
               

            	
              (B)

            	
              for
                calendar years following the calendar year of the Participant’s death, the
                trustee of the trust instrument, no later than October 31 of the
                calendar year immediately following the calendar year of the Participant’s
                death, must (i) provide the Plan Administrator with a final list of
                all of the beneficiaries of the trust (including contingent and
                remainderman beneficiaries with a description of the conditions on
                their
                entitlement) as of September 30 of the calendar year immediately
                following the calendar year of the Participant’s death; (ii) certify
                that, to the best of the trustee’s knowledge, the list of beneficiaries is
                correct and complete and that the requirements of paragraphs (b)(1),
                (2),
                and (3) above are satisfied and (iii) agree to provide a copy of the
                trust instrument to the Plan Administrator upon
                demand.

            

    

     

    
      	
               

            	
              When
                applying the requirements of paragraph (b)(3) above, the trust
                instrument need not name the individuals by name so long as the
                individuals who are to be the beneficiaries are identifiable under
                the
                trust instrument.  The members of a class of beneficiaries
                capable of expansion or contraction will be treated as being identifiable
                if it is possible to identify the class member with the shortest
                life
                expectancy.

            

    

     

    
      	
               

            	
              Nothing
                in this provision shall be construed to mean that a Qualified Charitable
                Organization can be a Qualified
                Beneficiary.

            

    

     

    
      	
            	
               

            	
              “Qualified
                Charitable Organization” shall have the meaning set forth in
                Section 12.1 of the Regulations.

            

    

     

    
      	
            	
               

            	
              “Qualified
                Plan” shall mean a plan other than this Fund that is qualified
                under section 401(a) of the Code based on the opinion of tax
                counsel.

            

    

     

    
      	
            	
               

            	
              “Qualified
                Plan Distribution” shall mean any distribution or withdrawal of
                all or any portion of the balance to the credit of the Participant
                in a
                Qualified Retirement Plan, except that a Qualified Plan Distribution
                shall
                not include:  (a) any distribution or withdrawal that is
                one of a series of substantially equal periodic payments (not less
                frequently than annually) either made for the life (or life expectancy)
                of
                the Participant or the joint lives (or joint life expectancies) of
                the
                Participant and the Participant’s designated beneficiary, or for a
                specified period of ten years or more; (b) any distribution or
                withdrawal to the extent such distribution or withdrawal is required
                under
                Section 401(a)(9) of the Code; and (c) the portion of any
                distribution or withdrawal that is not includable in gross income
                for
                federal income tax purposes (determined without regard to the exclusion
                for net unrealized appreciation with respect to employer
                securities).

            

    

     

     

    
      
        
        

      

      
        16

        
          

        

      

      
        Index

      

    

     

     

    
      	
            	
               

            	
              “Qualified
                Retirement Plan,” except as provided in Section 13.2, shall
                mean any of the following that permit direct rollovers in accordance
                with
                Section 401(a)(31) of the Code:  (a) an individual
                retirement account described in Section 408(a) of the Code;
                (b) an individual retirement annuity described in Section 408(b)
                of the Code; (c) an annuity plan described in Section 403(a) of
                the Code; or (d) a qualified trust described in Section 401(a)
                of the Code.

            

    

     

    
      	
            	
               

            	
              “Qualifying
                Period” shall mean the period of time before the Employee became
                an Employee of a Contributing Company when the Employee was an employee
                of
                a 1% Affiliated Company.

            

    

     

    
      	
            	
               

            	
              “RDS
                ADRs” shall mean Class A American Depositary Receipts of Royal
                Dutch Shell plc.

            

    

     

    
      	
            	
               

            	
              “Reemployment
                Commencement Date” shall mean the first date an individual
                performs an Hour of Service following a Severance from Service
                Date.

            

    

     

    
      	
            	
               

            	
              “Regulations”
                shall mean the plan instrument of the
                Fund.

            

    

     

    
      	
            	
               

            	
              “Relevant
                Rate Group” shall mean an applicable rate group under Treasury
                Regulations Section 1.401(a)(4)-8 with the closest rate lower than
                the rate group for which an adjustment is needed under such
                regulations.

            

    

     

    
      	
            	
               

            	
              “Required
                Aggregation Group” shall mean (a) each qualified plan of the
                Employer in which at least one Key Employee participates, and (b) any
                other qualified plan of the Employer which enables a plan described
                in (a)
                above to meet the requirements of Sections 401(a)(4) or 410 of the
                Code.

            

    

     

    
      	
            	
               

            	
              “Required
                Beginning Date,” for any Member, shall mean April 1 of the
                calendar year following the later of:  (a) the calendar
                year in which the Member attains age 70-1/2; or (b) the calendar year
                in which the Member retires provided that the Member is not a 5-percent
                owner with respect to the Plan Year ending in the calendar year in
                which
                the Member attains age 70-1/2.

            

    

     

    
      	
            	
               

            	
              “Second
                Service Spanning Rule” shall mean the Service Spanning Rule set
                forth in Section 4.1(e)(2) of the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Separately
                Managed Account Fund” shall mean each of the Thrift Fund and the
                Royal Dutch Shell Stock Fund.

            

    

     

    
      	
            	
               

            	
              “Service”
                shall mean the period of an individual’s employment as an Employee with a
                Contributing Company.

            

    

     

    
      	
            	
               

            	
              “Service
                Spanning Rules” shall mean the First Service Spanning Rule or the
                Second Service Spanning Rule, whichever is applicable, used for
                determining when a Period of Severance is treated as a Period of
                Service,
                solely for purposes of calculating Participation
                Service.

            

    

     

    
      	
            	
               

            	
              “Severance
                from Service Date” shall mean the earliest of the following
                dates:

            

    

     

    
      	
               

            	
              (a)

            	
              The
                first date an individual Terminates his Service following his Employment
                Commencement Date or following his most recent Reemployment Commencement
                Date, if any.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                31st
                day
                of a number of days (whether or not consecutive) of one or more Labor
                Dispute Periods during which Period or Periods an individual, who
                has not
                incurred a Termination, is absent from service from the Contributing
                Companies (with or without pay) due to his participation in such
                labor
                dispute or disputes.

            

    

     

     

    
      
        
        

      

      
        17

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (c)

            	
              The
                last day of the first 12 months of a Period of Absence during which
                period
                an individual, who has not incurred a Termination, remains absent
                from
                service from the Contributing Companies (with or without
                pay).

            

    

     

    
      	
               

            	
              (d)

            	
              The
                last day of the first 12 months of Disability Leave during which
                Disability Leave an individual who has not incurred a Termination,
                remains
                absent from service from the Contributing Companies without
                pay.

            

    

     

    
      	
            	
               

            	
              “Shell
                Pay Deferral Investment Fund” shall mean the tax-qualified
                cash-or-deferred arrangement established on August 1, 1984, and
                merged into this Fund on or about June 18,
                2007.

            

    

     

    
      	
               

            	
              “Shell
                Savings Group Trust” shall mean the master trust in which the
                assets of the Fund are invested.

            

    

     

    
      	
            	
               

            	
              “Shell
                Trading Savings Plan” shall mean the
                tax-qualified defined contribution plan established on January 1,
                1996, by Affiliated Companies of Shell Oil Company and merged on
                December 29, 2004, into both this Fund and the Shell Pay Deferral
                Investment Fund, which plan was formerly known as the “Coral Energy
                Services, LLC Savings Plan” and the “Coral Energy Resources Services
                Company Savings Plan.”

            

    

     

    
      	
               

            	
              “Terminates”
                shall mean resigns, retires, or is discharged from all Contributing
                Companies, or dies.

            

    

     

    
      	
               

            	
              “Termination”
                shall mean resignation, retirement, or discharge from all Contributing
                Companies, or death.

            

    

     

    
      	
               

            	
              “Tested
                Plan Year” shall mean the Plan Year for which the requirements of
                Code Section 401(a)(4) are being
                tested.

            

    

     

    
      	
               

            	
              “Testing
                Compensation” shall mean 415 Compensation, but excluding any
                amount in excess of the Annual Compensation
                Limit.

            

    

     

    
      	
               

            	
              “Tier
                I Funds” shall mean the Investment Offerings under Part I of
                Schedule C to the Regulations.

            

    

     

    
      	
               

            	
              “Tier
                II Funds” shall mean the Investment Offerings under Part II
                of Schedule C to the
                Regulations.

            

    

     

    
      	
               

            	
              “Tier
                III Funds” shall mean the Investment Offerings under
                Part III of Schedule C to the
                Regulations.

            

    

     

    
      	
               

            	
              “Tier
                IV Fund” shall mean the BrokerageLink feature under Part IV
                of Schedule C to the
                Regulations.

            

    

     

    
      	
            	
               

            	
              “Transferred
                Assets” shall mean those assets which are transferred from a
                Qualified Plan directly to the Fund by the trustee or trustees of
                the
                Qualified Plan on behalf of a Member, provided that the Qualified
                Plan from which the assets are transferred provides benefits protected
                under Section 411(d)(6) of the Code which are also protected by this
                Fund,
                or the transfer satisfies one of the exceptions set forth in the
                Treasury
                Regulations under Section 411(d)(6) of the
                Code.

            

    

     

    
      	
            	
               

            	
              “Trust
                Agreement” shall mean the Trust Agreement between the Trustees
                and Shell Oil Company and the other Contributing Companies, dated
                as of
                the 1st day of September 1939, and as amended from time to
                time.

            

    

     

    
      	
               

            	
              “Trustees”
                shall mean the individuals whose names are listed in the Trust Agreement
                and their successors.

            

    

     

    
      	
            	
               

            	
              “Valid
                Rollover Contribution” shall mean shall mean a contribution to
                the Fund of a Qualified Plan Distribution from a Qualified Retirement
                Plan
                within the meaning of Treasury Regulation Section 1.402(c)-2, or of a
                rollover contribution within the meaning of Section 408(d)(3)(A)(ii)
                of the Code, that satisfies the requirements of Section 401(a)(31),
                402(c), or 408(d)(3) of the Code for treatment as a rollover or a
                rollover
                contribution.

            

    

     

     

     

    
      
        
        

      

      
        18

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              “Valuation
                Date”

            

    

     

    
      	
               

            	
              (a)

            	
              for
                purposes of the Top-Heavy rules, shall mean the most recent Valuation
                Date
                occurring within a 12-month period ending on the applicable Determination
                Date; and

            

    

     

    
      	
               

            	
              (b)

            	
              for
                all other purposes, shall mean a date on which Accounts under the
                Fund are
                valued.  On and after June 1, 1996, a Valuation Date shall
                be any day, other than a Saturday, a Sunday, or a legal holiday,
                on which
                the New York Stock Exchange is open for trading, and/or such other
                dates
                as may be required by the Trustees.   In the case of
                purchases, redemptions, and/or valuations during periods of extreme
                market
                conditions, market closures, or illiquidity, the Valuation Date may
                be
                delayed until the later of the day all securities markets resume
                normal
                trading or the day sufficient liquidity returns, in the judgment
                of the
                Investment Manager.

            

    

     

    
      	
               

            	
              “Valuation
                Period,” on and after June 1, 1996, shall mean each calendar
                month with Participants’ or Beneficiaries’ Thrift Accounts to be credited
                or debited, as the case may be, as of the last Valuation Date of
                each such
                month or, if there is no Valuation Date during such month, the last
                Valuation Date in the month or months immediately prior to such
                month.

            

    

     

    
      	
               

            	
              “Variable
                Pay” shall mean that portion of a Member’s Compensation that is
                attributable to a variable pay program or incentive compensation
                program
                established and maintained by a Contributing
                Company.

            

    

     

    
      2.2           Affiliated
        Company Defined. “Affiliated
        Company” shall mean (a) a corporation which is a member of a controlled
        group of corporations (within the meaning of Section 1563(a) of the Code
        or any
        successor statute, determined without regard to Sections 1563(a)(4) and
        (e)(3)(C) thereof) which includes the Contributing Company, and (b) any trade
        or
        business (whether or not incorporated) which is under common control (as
        defined
        in Section 414(c)) with such Contributing Company.  However, for
        purposes of (a) and (b) in the preceding sentence, the phrase “more than 50
        percent” shall be substituted for the phrase “at least 80 percent” in Section
        1563(a)(1) of the Code, including where Section 1563(a) is incorporated in
        Sections 414(b) and (c) of the Code.

       

      2.3           Headings
        and References. The headings of Articles and
        Sections herein are included solely for convenience.  If there is any
        conflict between such headings and the text of these Regulations, the text
        shall
        control.  Unless the context suggest otherwise, Article and Section
        references are references to these Regulations.

       

      2.4           Number
        and Gender. Wherever appropriate, words used
        in the singular shall be considered to include the plural, and words used
        in the
        plural shall be considered to include the singular.  Where appearing
        in the Regulations and Trust Agreement, the masculine gender shall be deemed
        to
        include the feminine gender, and the feminine gender shall be deemed to include
        the masculine gender.

       

      2.5           Construction. It
        is intended that the Regulations be qualified within the meaning of
        Sections 401(a), 401(k), and 401(m) of the Code and that the Fund be
        tax-exempt under Section 501(a) of the Code.  All provisions in
        the Regulations and Trust Agreement shall be construed in accordance with
        such
        intent.

    

     

    

    ARTICLE
      3

     

    MEMBERSHIP
      PROVISIONS

     

    
      3.1           Admission
        to Membership in General. An Employee shall
        be admitted as a Member on the first day on which the Employee completes
        his
        first Hour of Service with a Contributing Company.

       

      3.2           Termination
        of Employment; Reemployment. An individual
        who has been admitted as a Member shall, except as otherwise provided, remain
        a
        Member until Termination.  Upon reemployment as an Employee, an
        individual shall be readmitted as a Member on the day on which he completes
        his
        first Hour of Service of reemployment with a Contributing Company.

       

       

       

      
        
          
          

        

        
          19

          
            

          

        

        
          Index

        

      

       

       

      3.3           Member
        as a Beneficiary. A Participant may also be a
        Beneficiary.  In such an event, the account the Participant holds as a
        Beneficiary shall be governed by the rules that apply to Beneficiary
        accounts.

       

      3.4           No
        Contract of Employment. The adoption and
        maintenance of the Fund shall not be deemed to constitute a contract between
        any
        of the Contributing Companies and any Member or to be a consideration for,
        or an
        inducement or condition of, the employment of any Member.  Nothing
        herein contained shall be deemed to give any Member the right to be retained
        in
        the Service of any of the Contributing Companies or to interfere with the
        rights
        of any Employing Company to discharge any Member at any time.

    

     

    

    ARTICLE
      4

     

    SERVICE
      CREDITING

     

    
      4.1           General
        Service Crediting Rules. Subject to the
        transition rules described below in this Section 4.1, Service after
        December 31, 2002, will be credited under this Article 4 for purposes of
        determining Participation Service and Accredited Service except as otherwise
        expressly provided.  The following rules shall
        apply:

    

     

    (a)           For
      purposes of determining Participation Service and Accredited Service, an
      individual shall be credited in an amount equal to his aggregate Periods of
      Service whether or not such Periods of Service are completed
      consecutively.

     

    (b)           If
      a fractional year within a Period of Service occurs, credit for such fractional
      year is based as follows:

     

    
      	
               

            	
              (1)

            	
              for
                Accredited Service, on the number of calendar months of Service in
                such
                fractional year, taking into account paragraph (a) of the definition
                of
                Period of Service, unless such method would result in duplication
                of
                service credit or the absence of otherwise allowable service credit,
                in
                which case such fractional year is based on the number of full calendar
                months and any additional days of Service in such fractional
                year;

            

    

     

    
      	
               

            	
              (2)

            	
              for
                Participation Service, only on the number of full calendar months
                and any
                additional days of Service in such fractional
                year,

            

    

     

    
      	
               

            	
              (3)

            	
              for
                purposes of this Section 4.1(b), additional days totaling 30 or more
                shall
                constitute a full calendar month.

            

    

     

    (c)           There
      is credit for a one-year Period of Service for each 12-month segment of Period
      of Service, which begins on the Employment Commencement Date or the most recent
      Reemployment Commencement Date, if any.  A one-year Period of Service
      shall have the same effect as one year of service with respect to applicable
      benefits.

     

    (d)           Except
      as specifically provided herein, a Member shall not be credited with a year
      of
      Accredited Service (or fractions thereof) for service prior to his becoming
      an
      Employee of a Contributing Company.

     

    (e)           For
      purposes of determining Participation Service, a Period of Severance shall
      be
      treated as a Period of Service if either the First Service Spanning Rule or
      the
      Second Service Spanning Rule applies.

     

    
      	
               

            	
              (1)

            	
              The
                First Service Spanning Rule applies if an individual Terminates his
                Service (at a time other than during an absence for any reason other
                than
                Termination) and then returns to Service, and his Reemployment
                Commencement Date is within 12 months of his Severance from Service
                Date.

            

    

     

     

     

    
      
        
        

      

      
        20

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (2)

            	
              The
                Second Service Spanning Rule applies
                if:

            

    

     

    
      	
               

            	
              (A)

            	
              an
                individual is absent from Service for 12 months or less for any reason
                other than Termination;

            

    

     

    
      	
               

            	
              (B)

            	
              during
                such absence the individual
                Terminates;

            

    

     

    
      	
               

            	
              (C)

            	
              the
                individual subsequently returns to Service;
                and

            

    

     

    
      	
               

            	
              (D)

            	
              his
                Reemployment Commencement Date is within 12 months from the day he
                was
                first absent from Service for such reason other than Termination,
                referred
                to in Section 4.1(e)(2)(A)
                above.

            

    

     

    
      4.2           Service
        Records; Certain Predecessor Employers. In
        case of an Employee who is an Employee of a Contributing Company after
        December 31, 1975, service (whether Accredited or Participation) shall be
        determined under the rules herein from available Affiliated Company or
        Contributing Company records.  In any case in which a Contributing
        Company maintains a plan of a predecessor employer, service for such predecessor
        shall be treated as service for the Contributing Company.  In any case
        in which the Contributing Company maintains a plan which is not the plan
        maintained by a predecessor employer, service for such predecessor shall,
        to the
        extent required by regulations prescribed by the Secretary of the Treasury,
        Secretary of Labor, or their delegates, be treated as service for the
        Contributing Company.

       

      4.3           Service
        with 1% and 25% Affiliated Companies. In
        addition to the service crediting rules set out above, the service crediting
        rules of this Section 4.3 shall apply.

    

     

    
      (a)           If
        an Employee is a Preceding Employee, prior service with a 1% Affiliated Company
        shall be credited to an Employee as Participation Service and Accredited
        Service, provided that a Contributing Company has employed the Employee
        pursuant to an agreement with the Affiliated Company, and such grant of prior
        service as Participation Service and as Accredited Service meets the
        requirements of Treasury Regulation section 1.401(a)(4)-11(d).

       

      
        (b)  
       If
          an Employee is not a Preceding Employee, prior service with a 25% Affiliated
          Company shall be credited to an Employee as Participation Service and Accredited
          Service, provided that a Contributing Company has employed the Employee
          pursuant to an agreement with the Affiliated Company, and such grant of
          prior
          service as Participation Service and as Accredited Service meets the
          requirements of Treasury Regulation
          section 1.401(a)(4)-11(d).

      

    

     

    (c)           For
      purposes of this Section 4.3, unless otherwise provided, the ownership level
      to
      determine a 25% Affiliated Company and 1% Affiliated Company is based on the
      time services are provided.

     

    (d)           This
      Section 4.3 shall not apply to service performed as a Leased
      Employee.

     

    
      4.4           Participation
        Service Credit for Service with 80% Affiliated
        Companies. Service with an Affiliated Company
        shall be accredited to an Employee as Participation Service; provided,
        however, that for purposes of this Section 4.4, “Affiliated Company” shall
        be as defined in Section 2.2 without regard to the second sentence thereof
        which substitutes the phrase “more than 50 percent” for the phrase “at least 80
        percent.”

       

      4.5           Service
        Credit Related to Certain Business Transactions.

    

     

    (a)           Where
      an employee of a Non-Contributing Company becomes an Employee of a Contributing
      Company after December 31, 1990, as a result of an asset or stock
      acquisition, merger, reorganization or other similar transaction, prior service
      credit may be granted pursuant to an agreement between one or more Contributing
      Companies and the Non-Contributing Company, as follows:

     

     

    
      
        
        

      

      
        21

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (1)

            	
              a
                maximum of five (5) years prior service with the Non-Contributing
                Company
                shall be credited to an Employee as Participation Service and Accredited
                Service only where the following conditions are
                satisfied:

            

    

     

    
      	
               

            	
              (A)

            	
              a
                Contributing Company has employed the Employee pursuant to an agreement
                with the Non-Contributing Company;

            

    

     

    
      	
               

            	
              (B)

            	
              with
                respect to each separate acquisi­tion, merger, reorganization or other
                similar transaction, prior service credit is uniformly granted to
                all
                individuals becoming Employees pursuant to this sentence;
                and

            

    

     

    
      	
               

            	
              (C)

            	
              the
                prior service credit granted is otherwise allowed by law;
                or

            

    

     

    
      	
               

            	
              (2)

            	
              pursuant
                to an amendment to these Regulations adopted after
                1990.

            

    

     

    (b)           If
      a business entity listed on Part One of Schedule F becomes a Contribut­ing
      Company in connection with a stock or asset divesti­ture, then each person
      who is an employee of the business entity on the day as of which it adopts
      this
      Plan, shall be granted

     

    
      	
               

            	
              (1)

            	
              the
                lesser of two years of service, or the actual number of years of
                service,
                with the business entity as Participation Service;
                and

            

    

     

    
      	
               

            	
              (2)

            	
              the
                lesser of five years of service, or the actual number of years of
                service,
                with the business entity as Accredited
                Service,

            

    

     

    provided
      such grant of past service credit is otherwise allowed by law.

     

    (c)           If
      a Contributing Company acquires the stock or assets of a business entity listed
      on Part Two of Schedule F and, in connection with that acquisition, agrees
      or
      resolves to grant past service credit hereunder to an employee of the entity
      who, within a period of time specified in the agreement or resolution, becomes
      an Employee of the Contributing Company, then the lesser of two years of
      service, or the actual number of years of service, with the acquired entity
      shall be credited to the Employee as Participation Service and as Accredited
      Service, provided such grant of past service credit is otherwise
      allowed by law.

     

    
      4.6           Provisions
        Applicable to Former Leased Employees.  Notwithstanding
        anything in this Article to the contrary, in the event an individual performs
        hours of service as a Leased Employee, such individual becomes an Employee
        under
        the terms of the Plan, and, within the one-year period beginning when such
        individual becomes an Employee, such individual requests service credit to,
        and
        presents the service records required by, the Plan Administrator, such
        individual shall be credited with one year of Participation Service for each
        period of service that would be a one-year Period of Service if his service
        performed as a Leased Employee had been Service performed as an Employee
        of a
        Contributing Company.

    

     

    

    ARTICLE
      5

     

    MEMBER
      CONTRIBUTIONS

     

    5.1           Member
      Contributions in General; Changes to Contributions.

     

    (a)           Only
      Active Employees may make Member Contributions.  Each Active Employee
      who is a Member may elect to contribute to the Fund by making: a Member Pre-Tax
      Base Pay Election; a Member Pre-Tax Variable Pay Election; a Member After-Tax
      Base Pay Election; a Member After-Tax Variable Pay Election; a Member Secondary
      Election; and/or a Member Catch-Up Election.  In the event that a
      Member does not have sufficient Compensation to effect in full these elections
      after payroll deductions (including deductions pursuant to such elections),
      the
      Plan Administrator shall reduce such elections in accordance with the payroll
      deduction hierarchy established pursuant to the Regulations.

     

     

    
      
        
        

      

      
        22

        
          

        

      

      
        Index

      

    

     

     

    (b)           Any
      Member may elect to cease making any or all Member Contributions into the Fund
      and may thereafter elect to resume making any or all of such
      contributions.  Any election to make or resume making Member
      Contributions shall be effective until the Member’s termination of employment or
      until changed by the Member’s giving notice of such change to the Plan
      Administrator.  Any election or change thereto shall become effective
      as of the first day of a payroll period provided the Plan Administrator receives
      the election or change on or before the Payroll Closing Date for such payroll
      period or on or before such other date as may be required by the Plan
      Administrator.

     

    (c)           No
      benefits provided by the Employing Company or a Con­trolled Group Company
      shall be conditioned directly or indirectly upon the Member’s making or not
      making Member Pre-Tax Contributions hereunder.

     

    
      
        5.2           Automatic
          Contribution Arrangement. The Fund shall
          implement an automatic contribution arrangement for individuals who are
          hired or
          rehired by a Contributing Company and become Members on or after June 18,
          2007.  Under the arrangement, such Members shall be deemed to have
          made, as of the Automatic Enrollment Date, a Member Pre-Tax Base Pay Election
          of
          3%.   The Plan Administrator shall provide notice of the
          arrangement to Members who may be covered by the arrangement at such time
          as
          shall afford such Members a reasonable opportunity to elect out of the
          arrangement before the Automatic Enrollment Date.  A Member may elect
          out of the arrangement before the Automatic Enrollment Date by electing
          to make
          no Member Pre-Tax Contributions or by making any affirmative election available
          to the Member under Section 5.1.  A Member may also prospectively
          elect out of the arrangement any time after the Automatic Enrollment Date
          in the
          same fashion.  Elections under this Section 5.2 (including the deemed
          election, if applicable) shall become effective as provided in Section
          5.1(b).  The Plan Administrator shall, within a reasonable period
          before each Plan Year, provide to each Member to whom the arrangement applies
          for such Plan Year, notice of such Member’s rights and obligations under the
          arrangement.

      

    

     

    
      
        5.3           Testing
          Limitations on Contributions. Member
          Contributions, other than Member Catch-Up Contributions, are subject to
          the
          limitations and provisions of Articles 7 and 23 and are subject to reduction
          by
          the Plan Administrator as provided in Article 23.

         

        5.4           Limitations
          Related to Hardship Withdrawals. If a Member
          receives a Hardship Withdrawal or any other hardship withdrawal from another
          qualified plan of a Controlled Group Company, such Member shall not be
          entitled
          to make any Member Contributions under this Plan for a period of at least
          6
          months after receipt of such hardship withdrawal.

      

    

     

    5.5           Annual
      Limit on Member Pre-Tax Contributions; Secondary
      Elections.

     

    (a)           A
      Member shall not be permitted to make Member Pre-Tax Contributions during any
      taxable year of such Member in excess of $15,000 or such other amount as may
      be
      prescribed by Section 402(g) of the Code and as adjusted by the Secretary of
      the
      Treasury pursuant thereto.

     

    (b)           If
      the Member does not make a Member Secondary Election as provided in Section
      5.1(a), the Member will be deemed to have made a Member Secondary Election
      of
      0%.  In the pay period in which the limit described in Section 5.5(a)
      is reached, the lesser of the curtailed Member Pre-Tax Contributions of the
      Member that would have been made for that pay period or the Member After-Tax
      Contributions elected in the Member Secondary Election of the Member will be
      contributed to the Fund.  Following such pay period, such Member
      Secondary Election shall supersede any Member After-Tax Base Pay Election of
      the
      Member for the remainder of the Plan Year.

     

     

    
      
        
        

      

      
        23

        
          

        

      

      
        Index

      

    

     

     

    5.6           Timing
      of Member Contributions; Correction of Delayed Member Contributions and
      Repayments.

     

    (a)           Member
      Contributions shall be paid into the Fund as of the first Valuation Date on
      or
      after the date the Compensation is due the Member; provided, however,
      where a regulatory body closes a principal securities exchange on which
      securities are traded, the posting of Member Contributions may be delayed until
      normal trading resumes in all securities markets.

     

    (b)           To
      the maximum extent permitted by applicable law, the Plan Administrator shall
      cause the Employing Company to correct Member Contributions and repayments
      that
      are not made as of the earliest date on which contributions can reasonably
      be
      segregated from the Employing Company’s general assets.

    
       

      
        
          5.7           Catch-Up
            Contributions. The Fund shall not be treated
            as failing to satisfy the provisions of the Fund implementing the requirements
            of Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the
            Code, as
            applicable, by reason of the making of Member Catch-Up
            Contributions.

        

      

    

     

    

    ARTICLE
      6

     

    COMPANY
      CONTRIBUTIONS

     

    
      
        
          6.1           Company
            Contributions in General. On and after
            January 1, 2003, except as otherwise provided, each Employing Company
            shall pay
            into the Fund on behalf of each Member in its employ a percentage of
            such
            Member’s Compensation, determined in accordance with the following
            schedule:

        

      

    

     

    (a)           During
      the second, third, fourth, fifth, and sixth years of the Member’s Accredited
      Service – 21⁄2%, provided, however, in the case of a Leased Employee who
      becomes an Employee consistent with Section 4.6, from the date such
      Employee one year of Participation Service through such Employee’s sixth year of
      Accredited Service – 21⁄2%; and provided further, the Employing Company
      shall make contributions of 3% of such Member’s Compensation during the
      remaining period of such Member’s second, third, fourth, fifth, and sixth years
      of Accredited Service if such Member was eligible to participate in the Alliance
      Savings Plan on December 31, 2002, and on that date was eligible to receive
      company contributions of 3% thereunder; and

     

    (b)           During
      the seventh, eighth and ninth years of Accredited Service - 5%, and

     

    (c)           During
      the tenth and succeeding years of Accredited Service - 10%,

     

    as
      of the
      first Valuation Date after such compensation is due the Member.  For
      the purpose of determining when increases in the percentage of Company
      Contributions should occur, an Employee whose service date (or adjusted service
      date, if applicable) coincides with the first day of any pay period which is
      applicable to such Employee’s job classification shall be eligible for increases
      in the percentage of Company Contributions as of the first day of the full
      pay
      period in which such Employee completes the required period of Accredited
      Service for any such percentage increase.  All other Employees shall
      be eligible for increases in the percentage of Company Contributions as of
      the
      first day of the first full pay period following such Employee’s completion of
      the required period of Accredited Service for any such percentage
      increase.

    
       

       

       

      
        
          
          

        

        
          24

          
            

          

        

        
          Index

        

      

       

       

       

      
        
          6.2           Contribution
            Additions for Administration Expenses. Any
            Contributing Company may make a Contribution Addition to the Fund for
            a Plan
            Year that it may determine is appropriate.  Each Contribution Addition
            shall be with respect to the Plan Year and shall be allocated to the
            Accounts of
            Members that are affected by the administration expenses for which the
            Fund is
            being reimbursed by the contribution.  Consistent with the preceding
            sentence, the Plan Administrator shall periodically notify the Trustees
            of the
            Contribution Additions which shall be paid to the Fund no later than
            the time
            prescribed by law for filing the federal income tax return of the Contribution
            Company, including extensions thereof.  For purposes of the
            limitations under Article 7, each Contribution Addition shall be allocated
            to
            the Accounts of Members that are affected by the administration expenses
            for
            which the Trust is being reimbursed by the contribution.

           

          6.3           No
            Earnings or Profits Required. If any
            Contributing Company forming, together with one or more other Contributing
            Companies, an affiliated group within the meaning of Section 1504 of the
            Code is prevented from making a contribution which it would otherwise
            have made
            under this Article 6 by reason of having no current or accumulated earnings
            or profits or because such earnings or profits are less than the contributions
            which it would otherwise have made, then so much of the contribution
            which such
            Contributing Company was so prevented from making may be made, for the
            benefit
            of the employees of such Contributing Company, by the other Contributing
            Companies forming such affiliated group, to the extent of current or
            accumulated
            earnings or profits, except that such contribution by each such other
            Contributing Company shall be limited, where such group does not file
            a
            consolidated return, to that proportion of its total current and accumulated
            earnings or profits remaining after adjustment for its contribution made
            without
            regard to this sentence which the total prevented contribution bears
            to the
            total current and accumulated earnings or profits of all the Members
            of such
            group remaining after adjustment for all contributions made without regard
            to
            this sentence.  On and after January 1, 1988, payment into the Fund by
            each Contributing Company shall be made without regard to current or
            accumulated
            earnings or profits, unless a Contributing Company elects otherwise with
            respect
            to its Members.  Notwithstanding the elimination of the profits
            requirement, this Fund is designed to be a profit-sharing plan.

           

          6.4           Deductibility
            of Contributions. Unless a Contributing
            Company directs otherwise, a Contributing Company’s contributions to the Fund
            are conditioned upon their being deductible for such Contributing Company’s
            taxable year under Section 404 of the Code, and such Contributing Company
            contributions shall not exceed such deductible amounts.

           

          6.5           Use
            of Certain Forfeitures. Forfeitures resulting
            from Section 19.2 and Schedule D shall be used to reduce Contributing
            Company contributions and not to increase benefits.

           

          6.6           Contributions
            to Satisfy Nondiscrimination
            Requirements. Where it has been determined by
            Shell Oil Company that Contributions do not satisfy the nondiscrimination
            requirements of Section 401(a)(4) of the Code and regulations issued
            thereunder for a Tested Plan Year, additional Contributions may be made
            until
            Contributions satisfy such requirements.  Where additional
            Contributions are credited to a Member’s Account pursuant to this Section 6.6,
            earnings shall be credited at the greater of zero percent or the actual
            positive
            rate of return on the Member’s Account for each of the Tested Plan Years and any
            subsequent Plan Year or any portion thereof in which the additional Contribution
            is made.  Any such additional Contributions, and any earnings thereon,
            shall be provided only for individuals who:

        

      

    

     

    
      	
               

            	
              (a)

            	
              are
                Nonhighly Compensated Employees for such Tested Plan
                Year;

            

    

     

    
      	
               

            	
              (b)

            	
              are
                Employees at the time such additional Contributions are
                made;

            

    

     

    
      	
               

            	
              (c)

            	
              are
                in a Relevant Rate Group;

            

    

     

    
      	
               

            	
              (d)

            	
              have
                the highest equivalent accrual rates of Nonhighly Compensated Employees,
                as determined by Shell Oil Company when testing the Plan for such
                Tested
                Plan Year under Treasury Regulations Section 1.401(a)(4)-8, in the
                order of such rates beginning with the highest;
                and

            

    

     

     

    
      
        
        

      

      
        25

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (e)

            	
              also
                have the highest performance code in such Relevant Rate Group at
                the time
                such additional Contributions are made, in order of such performance
                codes
                beginning with the highest, effective for a Tested Plan Year commencing
                on
                or after January 1, 2001, where the conditions set forth in
                subparagraphs (a) through (d) hereinabove result in an over-inclusion
                of
                employees eligible for any additional
                Contributions.

            

    

     

    
      
        
          6.7           Correction
            of Delayed Company Contributions. To the
            maximum extent permitted by applicable law, the Plan Administrator shall
            cause
            the employing Contributing Company to correct delayed contributions in
            accordance with this Section 6.7.  For delayed Company Contributions
            that are corrected within two payroll periods, the Contributing Company
            shall
            restore to the Member’s Account only the principal amount.  For
            delayed Company Contributions that are not corrected within two payroll
            periods,
            the Contributing Company shall restore to the Member’s Account the principal
            amount adjusted to reflect the actual rate of return that would have
            been
            credited to the Member’s Account but for the error; provided, however, for the
            sake of administrative convenience, the Plan Administrator shall have
            the option
            of using, in lieu of the actual rate, such rate of return as shall be
            reasonably
            prudent under the circumstances.

        

      

    

     

    

    ARTICLE
      7

     

    LIMITATION
      ON CONTRIBUTIONS

     

    
      
        
          7.1           Excess
            Deferral Limit. A Participant shall not be
            permitted to have Member Pre-Tax Contributions made under this Fund,
            or any
            other qualified plan maintained by the Employer, during any taxable year
            in
            excess of the limit set out in Section 5.5(a), except that to the extent
            permitted under Section 414(v) of the Code Participants may make Member
            Catch-up Contributions.

        

      

    

     

    7.2           Distribution
      of Excess Deferral Amounts.

     

    (a)           Notwithstanding
      any other provision of these Regulations, the Excess Deferral Amount made by
      a
      Participant and any income allocable thereto, shall be distributed to the
      Participant claiming such Excess Deferral Amount under this Fund no later than
      the first April 15 following the close of the Participant’s taxable year in
      which the Excess Deferral Amount arose or as soon as administratively feasible
      after an Excess Deferral Amount is detected by any monitoring system maintained
      by a Contributing Company.

     

    (b)           The
      Participant’s claim shall be in writing, shall be submitted to the Plan
      Administrator no later than the first March 1 following the close of the
      Participant’s taxable year in which the Excess Deferral Amount arose, shall
      specify the Participant’s Excess Deferral Amount for such taxable year, and
      shall be accompanied by the Participant’s written statement that if such amounts
      are not distributed, then such Member Pre-Tax Contributions---together with
      amounts deferred pursuant to other qualified cash or deferred arrangements
      under
      Section 401(k) of the Code, simplified employee pension plans under
      Section 408(k) of the Code, and tax-sheltered annuity contracts under
      Section 403(b) of the Code---exceed the limit imposed on the Participant by
      Section 7.1 for the taxable year in which the Member Pre-Tax Contributions
      occurred.

     

    (c)           In
      the case of any Excess Deferral Amounts which arise under this Fund by virtue
      of
      the failure of any monitoring system maintained by a Contributing Company,
      the
      Plan Administrator shall be empowered to submit a claim on behalf of, and in
      the
      name of, the Participant, and such claim shall be deemed to be the claim of
      such
      Participant for all intents and purposes.  The Plan Administrator
      shall be entitled to assume that a Participant’s taxable year is the calendar
      year unless the Participant has previously advised the Plan Administrator
      otherwise, in writing.

     

    (d)           The
      Excess Deferral Amount for the taxable year which would otherwise be distributed
      to the Participant shall be reduced, in accordance with Department of Treasury
      Regulations, by the Excess Contributions previously distributed to the
      Participant for the Plan Year beginning in that taxable year.

     

     

     

    
      
        
        

      

      
        26

        
          

        

      

      
        Index

      

    

     

     

     

    7.3           Annual
      Additions Limit.

     

    (a)           Except
      to the extent permitted with respect to Member Catch-up Contributions and
      Section 414(v) of the Code, the Annual Additions that may be contributed or
      allocated to a Member’s Account under the Fund for any limitation year shall not
      exceed the lesser of:  (1) $40,000, as adjusted for increases in the
      cost-of-living under section 415(d) of the Code, or (2) 100 percent of the
      Member’s 415 Compensation, for the limitation year.

     

    (b)           To
      the extent the Annual Additions with respect to the Fund and other defined
      contribution plans of the Contributing Companies or Affiliated Companies would
      otherwise exceed the limitations of Section 7.3(a), amounts permitted to be
      credited to a Member’s Account shall be reduced in the following
      order:

     

    
      	
               

            	
              (1)

            	
              Contributions
                by or on behalf of a Member to other defined contribution plans of
                the
                Contributing Companies or Affiliated
                Companies;

            

    

     

    
      	
               

            	
              (2)

            	
              Company
                Contributions of any Contributing Company on behalf of a Member to
                the
                Fund;

            

    

     

    
      	
               

            	
              (3)

            	
              Member
                After-Tax Contributions by a Member to the Fund;
                and

            

    

     

    
      	
               

            	
              (4)

            	
              Member
                Pre-Tax Contributions on behalf of a Member to the
                Fund.

            

    

     

    7.4           Excess
      Annual Additions.

     

    (a)           If
      and to the extent it is determined that any contribution of any Contributing
      Company is in excess of the limitations imposed by Section 7.3, and
      provided that such contribution was made by a good faith mistake of fact, then
      such excess shall be returned to the Contributing Company within one year after
      payment of the contribution.

     

    (b)           If,
      due to a reasonable error in estimating a Member’s annual Compensation, a
      reasonable error in determining the amount of Member Pre-Tax Contributions
      that
      may be made with respect to any individual under the limits of Section 415
      of the Code, or due to such other facts and circumstances as may justify the
      availability of this special rule, the Annual Additions to the Member’s Account
      under this Fund and under any other defined contribution plans of the
      Contributing and Affiliated Companies exceed the limitations set forth in
      Section 7.3(a), then the excess Annual Additions shall be treated in the
      order described below until the applicable limitation is satisfied:

     

    (1)           To
      the extent of Company Contributions made during the Plan Year, the excess Annual
      Additions, in a Member’s account, if any, shall be treated in accordance with
      any one of the following three methods:

     

    (A)           Such
      excess Annual Additions in a Member’s Account shall be used to reduce Company
      Contributions for the next calendar year (and succeeding calendar years, as
      necessary) for that Member, if that Member is covered by the Fund as of the
      end
      of the calendar year.  However, if that Member is not covered by the
      Fund as of the end of the calendar year, then the excess Annual Additions must
      be held unallocated in a suspense account for the calendar year and allocated
      and reallocated in the next calendar year to all of the remaining Members’
Accounts in the Fund.  Furthermore, the excess Annual Additions must
      be used to reduce Company Contributions for the next calendar year (and
      succeeding calendar years, as necessary) for all of the remaining Members of
      the
      Fund.  Excess Annual Additions may not be distributed to Member or
      Former Members.

     

    (B)           Such
      excess Annual Additions in a Member’s Account shall be allocated and reallocated
      to other Members’ Accounts.  However, if that allocation or
      reallocation causes the limitations of Section 415 of the Code to be
      exceeded with respect to each Member for the calendar year, the remaining excess
      Annual Additions must be held unallocated in a suspense account for the calendar
      year and allocated and reallocated in the next calendar year to all of the
      Members’ Accounts.  Furthermore, the excess Annual Additions must be
      used to reduce Company Contributions for the next calendar year (and succeeding
      calendar years, as necessary) for all of the Members in the
      Fund.  Excess Annual Additions may not be distributed to Member or
      Former Members.

     

     

    
      
        
        

      

      
        27

        
          

        

      

      
        Index

      

    

     

     

    (C)           Such
      excess Annual Additions in a Member’s Account shall be held unallocated in a
      suspense account for the calendar year, and allocated and reallocated in the
      next calendar year (and succeeding calendar years, as necessary) to all of
      the
      Members’ Accounts.  The excess Annual Additions so allocated and
      reallocated must be used to reduce Company Contributions for the next calendar
      year (and succeeding calendar years, as necessary) for all of the Members in
      the
      Fund.  Excess Annual Additions may not be distributed to Member or
      Former Members.

     

    (2)           To
      the extent of any remaining excess Annual Additions, Member Contributions shall
      be returned to the Member in the same order as that specified in
      Section 7.3(b) for reducing credited amounts to the Member’s
      Account.

     

    (3)           If
      a suspense account is in existence at any time during the calendar year,
      investment gains and losses and other income shall not be allocated to the
      suspense account.  If the treatment described in this Section 7.4
      is necessary, such treatment shall be performed on other defined contribution
      plans of the Contributing Companies or Affiliated Companies before applying
      to
      this Fund.

     

    
      
        
          7.5           Notice
            of Limitation issue. The Employing Company
            shall notify a Member and the Plan Administrator if the limitation on
            contributions or allocation or reallocation of Contributions to his Account
            for
            any calendar year is affected by the limitations set forth in this
            Article.

           

          7.6           Aggregation
            of Plans. For purposes of Section 7.3 and
            Section 7.4, all defined contribution plans (whether or not terminated)
            of the
            Contributing and Affiliated Companies shall be treated as one defined
            contribution plan.

        

      

    

     

    

    ARTICLE
      8

     

    INVESTMENT
      FUNDS

     

    8.1           Authority
      to Establish Investment Offerings.

     

    (a)           Generally
      the Trustees shall have the discretionary authority to establish Investment
      Offerings and investment tiers and allot Investment Offerings among the
      tiers.  While the Mutual Fund Window shall consist of all of the
      Fidelity Management & Research Company mutual funds and such mutual funds as
      Fidelity Management & Research Company shall include in Fidelity FundsNet,
      the Trustees may grandfather mutual funds removed from Fidelity FundsNet so
      that
      such funds shall continue to be available for investment through the Mutual
      Fund
      Window.

     

    (b)           The
      Royal Dutch Shell Stock Fund shall be a permanent Investment Offering under
      these Regulations.  Members and Beneficiaries---and not the Trustees
      nor the Investment Manager of the Royal Dutch Shell Stock Fund---shall have
      discretionary authority and control with respect to buying, selling, and holding
      units in the Royal Dutch Shell Stock Fund.  In the absence of any
      Member or Beneficiary direction to buy, sell, or hold units of the Royal Dutch
      Shell Stock Fund for his Account, the Trustees and the Investment Manager of
      the
      Royal Dutch Shell Stock Fund shall not buy, sell, or hold shares of RDS ADRs
      for
      that Account; provided, however, that the Trustees shall liquidate, or
      cause the Investment Manager of the Royal Dutch Shell Stock Fund to liquidate,
      RDS ADRs in the Royal Dutch Shell Stock Fund only in the event of the imminent
      bankruptcy of Royal Dutch Shell plc.  In the event of any such
      liquidation, the Trustees shall invest the resulting cash in the Thrift
      Fund.

    
       

       

       

      
        
          
          

        

        
          28

          
            

          

        

        
          Index

        

      

       

       

       

      
        
          8.2           Investment
            Funds.  At the direction of a Member or a
            Beneficiary, the assets of such person’s Account shall be invested in one or
            more Investment Offerings among:  (a) the Lifecycle Funds;
            (b) the Core Funds; (c) the Mutual Fund Window; and (d) the
            BrokerageLink.

        

      

    

     

           
      8.3          Separate
      Subaccounts.   In general, each Account shall be
      divided between Company Contribution Subaccount, Member After-Tax Subaccount,
      Member Catch-Up Subaccount, Member Pre-Tax Subaccount, After-Tax Rollover
      Subaccount, Prior Plan Company Contribution Subaccount, Prior Plan Fully Vested
      Match Subaccount, Prior Plan Scheduled Vesting Match Subaccount, and the Pre-Tax
      Rollover Subaccount.

     

    8.4           Valuation
      and Accounting.

     

    (a)           The
      assets of each of the Eligible Investment Company Funds in an Account shall
      be
      valued in accordance with its prospectus and/or governing documents and
      applicable law.  The holdings of BrokerageLink in an Account shall
      likewise be valued in accordance with generally accepted valuation procedures
      to
      the extent consistent with applicable law and any prospectus and/or governing
      document.  Generally each Investment Manager of a Separately Managed
      Account Fund shall value the assets of that Separately Managed Account Fund
      in
      good faith in accordance with the best available information, accepted
      accounting practices, and applicable laws and regulations so as to provide
      uniform and consistent methods of valuation.

     

    (b)           All
      interest, dividends, and other income accrued during each Valuation Period
      and
      any profits realized during each Valuation Period by the Thrift Fund shall
      be
      credited to an income account for the Thrift Fund, and certain expenses incurred
      (in accordance with Section IX of the Trust Agreement) and any losses
      realized by the Thrift Fund during each Valuation Period shall be debited to
      that account for the Thrift Fund.  As of the end of each Valuation
      Period, the balance of the account shall be allocated among the Members and
      Present Interest Beneficiaries in proportion to their balances in the Thrift
      Fund during the Valuation Period.  If the income account shows a net
      deficit for the Valuation Period, such deficiency shall be provided for to
      the
      extent necessary from the Members’ and Present Interest Beneficiaries’ Thrift
      Fund balance, debits shall be in proportion to their balances during the
      Valuation Period.   

     

    (c)           The
      Royal Dutch Shell Stock Fund shall be valued consistent with the investment
      management agreement.  In the event any such investment management
      agreement is silent, the Royal Dutch Shell Stock Fund shall be valued as
      follows:  Valuation of RDS ADRs held in the Royal Dutch Shell Stock
      Fund shall be based upon the closing price of the ordinary shares of RDS ADRs
      on
      the principal national domestic securities exchange on which the RDS ADRs are
      traded or, if unavailable, the latest available price as reported by the
      principal national domestic securities exchange on which the RDS ADRs are traded
      or, if neither is available, the price determined in good faith by the
      investment manager of the Royal Dutch Shell Stock Fund.  The net asset
      value of the Royal Dutch Shell Stock Fund will be calculated by (1) adding
      the market value of the RDS ADRs, the market value of any money market fund
      or
      other mutual fund or commingled money market pool contained in the Royal Dutch
      Shell Stock Fund, any payables including the cost of RDS ADRs purchased,
      principal and interest obligations, if any, and other expenses that the
      investment manager accrues or pays from the Royal Dutch Shell Stock Fund and
      any
      receivables including the proceeds of RDS ADRs sold, interest, and dividends
      and
      (2) dividing the sum by the total number of units in the Royal Dutch Shell
      Stock Fund outstanding at the end of the day in issue.

     

    (d)           Dividends
      in the form of cash, RDS ADRs, or RDS class “A” ordinary share dividends, and
      the proceeds of any other distributions received by the Investment Manager
      in
      respect of RDS ADRs shall be credited to such Accounts on the date of payment
      thereof if received on a Valuation Date before the New York Stock Exchange
      closes for trading or on the Valuation Date next succeeding the date on which
      the payment is received, if it is not received on a Valuation Date or if it
      is
      received on a Valuation Date after the New York Stock Exchange closes for
      trading; provided, however, that where a Member who is an Employee is
      not directing any current investments in the Royal Dutch Shell Stock Fund,
      amounts representing such dividends and other proceeds shall be credited in
      accordance with such Member’s investment election; provided, further,
      that on and after July 16, 1996, where a Member or Beneficiary has a
      balance in his or her Royal Dutch Shell Stock Fund Account, amounts representing
      such dividends and other proceeds shall be credited to his or her Royal Dutch
      Shell Stock Fund Account unless, in the case of a Member, the Member, whether
      or
      not a current Employee, affirmatively elects to have such amounts invested
      in
      accordance with the Member’s then current or most recent investment
      election.

     

     

    
      
        
        

      

      
        29

        
          

        

      

      
        Index

      

    

     

     

    (e)           Charges
      and expenses of an Eligible Investment Company Fund or of BrokerageLink shall
      be
      charged to the same in accordance with its prospectus and/or governing documents
      and applicable law.  Brokerage commissions, transfer taxes, or other
      charges and expenses that can be specifically identified in connection with
      a
      Separately Managed Account Fund shall be charged to the appropriate Separately
      Managed Account Fund.  Other taxes, charges, and expenses of the Shell
      Provident Fund shall be charged to the Separately Managed Account Funds and
      Commingled Funds, or otherwise dealt with as the Trustees shall determine in
      accordance with Section IX of the Trust Agreement.

     

    8.5           Investment
      Manager.

     

    (a)           To
      the extent the Shell Provident Fund shall invest its assets with the Shell
      Savings Group Trust, the Trust Agreement of the Shell Savings Group Trust,
      rather than these Regulations, shall determine the rights, powers, duties,
      and
      responsibilities of the investment managers thereof.

     

    (b)           The
      Separately Managed Account Funds may be under the management and control of
      one
      or more Investment Managers appointed by the Trustees.  Each
      Investment Manager in its discretion shall individually invest and reinvest
      the
      principal and the income of the portion of the Separately Managed Account Fund
      held by it, and keep the assets invested, without distinction between principal
      and income, in such manner as determined by the Investment Manager in accordance
      with the Regulations and Trust Agreement.

     

    (c)           The
      Investment Manager may, in its discretion, retain in cash, including investment
      in any short-term collective or common trust funds as provided in
      Section VI of the Trust Agreement, such part of the assets of the Royal
      Dutch Shell Stock Fund as it shall deem necessary or desirable for the proper
      administration thereof, including for purposes of the payment of expenses or
      other anticipated distributions or pending the purchase of longer term
      investments suitable therefor.

     

    (d)           The
      Investment Manager of the Royal Dutch Shell Stock Fund shall have the right
      to
      close the Royal Dutch Shell Stock Fund to purchases and redemptions whenever
      trading in RDS ADRs is suspended or whenever, in the judgment of the Investment
      Manager, substantial purchase and sales orders for RDS ADRs are pending but
      not
      executed.

     

    
      
        
          
            8.6           Distributions
              In-Kind. Distributions shall normally be made
              in cash.  After the commencement of trading of RDS ADRs on the New
              York Stock Exchange, when a Member’s Account is paid out pursuant to
              Sections 12.3, 12.4, and 12.6 upon his termination of service or pursuant
              to Section 10.3 upon his age 591⁄2 withdrawal, the value of a Member’s Royal
              Dutch Shell Stock Fund Account shall be distributed in cash, unless
              the Member
              shall affirmatively elect to take a distribution in the form of whole
              RDS ADRs
              and residual cash.

             

            8.7           Managed
              Accounts. The Trustees have appointed an
              Investment Manager to provide discretionary and non-discretionary investment
              management services to Accountholders.  If an Accountholder
              affirmatively elects to use any such discretionary services, then during
              the
              term of the arrangement for such services, such Investment Manager
              rather than
              the Accountholder shall have the full authority of the Accountholder
              to invest
              Contributions and to invest and reinvest assets of the Account.  The
              fees arising from the discretionary investment management services
              of the
              Investment Manager shall be deducted from the Account of the Accountholder
              electing to use such discretionary services.

             

            8.8           BrokerageLink.            (a)           A
              Participant or Present Interest Beneficiary may invest up to 100% of
              his vested
              Account to BrokerageLink and may direct Contributions and loan repayments
              to
              BrokerageLink in 1% increments.

          

        

      

    

     

    (b)           Withdrawals,
      minimum required distributions, installment payments under Section 12.6(c),
      and de minimus distributions will be processed from the Participant’s or Present
      Interest Beneficiary’s balances in the Investment Offerings (other than
      BrokerageLink).  To the extent assets in the Investment Offerings
      (other than BrokerageLink) together with cash reserves within BrokerageLink
      are
      insufficient to satisfy minimum required distributions or de minimus
      distributions, any BrokerageLink assets will be liquidated on a
      last-in-first-out basis and, along with cash reserves, distributed out of
      BrokerageLink in order to satisfy such distributions.  In the event
      assets in the Investment Offerings (other than BrokerageLink) are insufficient
      to satisfy installment payments, loans, or other withdrawals, then the
      installment payments will not be processed for that installment cycle and loan
      requests and withdrawals will be cancelled.

     

     

     

    
      
        
        

      

      
        30

        
          

        

      

      
        Index

      

    

     

     

    (c)           If
      the Accountholder dies leaving a balance in BrokerageLink, his Present Interest
      Beneficiary shall have the right to continue the BrokerageLink provided the
      Present Interest Beneficiary satisfies such administrative procedures as may
      be
      then in effect; otherwise BrokerageLink assets payable to such Present Interest
      Beneficiary will be liquidated and transferred out of BrokerageLink to the
      Thrift Fund.

     

    (d)           The
      BrokerageLink shall be subject to such minimum investment, trading and
      investments restrictions, and settlement periods as Fidelity shall
      impose.

     

    

    

    ARTICLE
      9

     

    MEMBER
      DIRECTIONS

     

    
      
        
          9.1           Investment
            Directions. Each Member shall direct that the
            entire amount of Member Contributions and Company Contributions made
            by or on
            behalf of the Member – and each Member or Beneficiary shall direct the entire
            amount of any dividends or other distributions credited to the Account
            of such
            Member or Beneficiary in respect of the portion of the Account invested
            in the
            Royal Dutch Shell Stock Fund– be invested in one or more of the Investment
            Offerings offered under the Plan in multiples of one percent (1%) as
            follows:

        

      

    

     

    (a)           On
      and after June 1, 1996, a direction shall be
      effective:  (1) on the day it is actually received provided it is
      received on a Valuation Date before the New York Stock Exchange closes for
      trading; or (2) on the Valuation Date next succeeding the day on which it
      is actually received, if it is not received on a Valuation Date or if it is
      received on a Valuation Date after the New York Stock Exchange closes for
      trading.  An investment direction, once given, shall remain effective
      until changed by a subsequent direction.

     

    (b)           Notwithstanding
      anything to the contrary contained herein, Shell Oil Company in its discretion
      may, at any time, fix a uniform upper percent limitation on the part of Company
      Contributions which Members and Beneficiaries may direct be invested in the
      Royal Dutch Shell Stock Fund. While any such limitation is effective, all
      directions, whether made prior or subsequent thereto, shall be effective only
      to
      the extent permissible under the limitation.

     

    (c)           Company
      Contributions, rollover amounts, and Member Contributions (including loan
      repayments) as to which no valid investment direction is in effect shall be
      placed in the Default Fund.  Where by virtue of the summary plan
      description or otherwise, the Member is informed or otherwise aware that the
      Member has a right to direct Company Contributions, rollovers, and Member
      Contributions (including loan repayments) to Investment Offerings and moreover,
      that failure to make a valid investment direction shall be treated as a
      direction to invest those Company Contributions, rollovers, or Member
      Contributions (including loan repayments) in the Default Fund, then the Member’s
      failure to direct such Company Contributions, rollovers, or Member Contributions
      shall be deemed an exercise of the Member’s control and discretion to invest in
      the Default Fund.  Where a Member attempts to allocate to the
      Investment Offerings more than 100 percent of the amount the Member rolls
      over into the Fund, the entire rollover amount shall be returned to the
      Member.

    
       

      
        
          9.2           Investment
            Transfers; Default Funds. Each Participant
            and each Beneficiary may direct that any portion of his Account shall
            be
            transferred between Investment Offerings by giving directions to the
            Plan
            Administrator as follows:

        

      

    

     

    (a)           Each
      direction shall indicate the amount or percentage to be transferred, the
      Investment Offering from which the transfer is to be made, and each Investment
      Offering to which the amount or percentage is to be transferred.

     

     

    
      
        
        

      

      
        31

        
          

        

      

      
        Index

      

    

     

     

    (b)           Directions
      as to a transfer to any Investment Offering shall be effective on the first
      Valuation Date on or after July 12, 1996, on which the Plan Administrator
      receives such direction. For purposes of this Section 9.2, the Plan
      Administrator shall be deemed to have received a transfer direction: (1) on
      the day it is actually received provided it is received on a Valuation Date
      before the New York Stock Exchange closes for trading; or (2) on the
      Valuation Date next succeeding the day on which it is actually received, if
      it
      is not received on a Valuation Date or if it is received on a Valuation Date
      after the New York Stock Exchange closes for trading.  A transfer
      direction, once given, shall remain effective unless canceled in a timely
      manner; provided, however, that no such transfer direction may be
      canceled or modified, and no proceeds from any such exchange can be redirected,
      after the close of the Valuation Date on which the exchange direction takes
      effect.

     

    (c)           Notwithstanding
      anything to the contrary contained herein, Shell Oil Company in its discretion
      may, at any time, fix a uniform upper percent limitation on the part of Company
      Contributions which Participants and Beneficiaries may direct be transferred
      to
      the Royal Dutch Shell Stock Fund.  While any such limitation is
      effective, all directions, whether made prior or subsequent thereto, shall
      be
      effective only to the extent permissible under the limitation.

     

    (d)           A
      Participant or Beneficiary may lose exchange privileges under an Investment
      Offering, consistent with the prospectus or governing document thereof, for
      trading that the Investment Manager determines is excessive or that adversely
      impacts effective management of an Investment Offering in accordance with its
      stated investment objectives and policies or that would otherwise potentially
      be
      adverse to the interests of Participants and Beneficiaries who are long-term
      investors.

     

    (e)           Where
      an Investment Offering terminates or withdraws from the Fund, a Participant
      or
      Beneficiary who has a balance in such Investment Offering shall redirect that
      balance among the remaining Investment Offerings.  Where the
      Participant or Beneficiary fails to make a valid investment redirection, such
      balance shall be placed in the Thrift Fund.  Where by virtue of the
      summary plan description or otherwise, the Participant or Beneficiary is
      informed or otherwise aware that the Participant or Beneficiary has a right
      to
      redirect a balance from a terminated or withdrawn Investment Offering among
      the
      remaining Investment Offerings and moreover, that failure to make a valid
      investment redirection shall be treated as a direction to reinvest such balance
      in the Thrift Fund, then any failure to redirect the balance from a terminated
      or withdrawn Investment Offering shall be deemed an exercise of the
      Participant’s or Beneficiary’s control and discretion to invest such balance in
      the Thrift Fund.

     

    (f)           The
      Member may specify an Investment Offering within the relevant Subaccounts from
      which the transfer shall be made.  If the Member does not specify an
      Investment Offering or if further allocation of the amount of the transfer
      is
      necessary, the amount or remaining amount, as the case may be, shall be
      distributed from the Member’s Investment Offerings (other than from
      BrokerageLink) within the relevant Subaccounts on a pro rata
      basis.  Where by virtue of the summary plan description or otherwise,
      the Member is informed or otherwise aware that a Member has a right to allocate
      transfers to the Member’s Investment Offerings and moreover, that the failure to
      make a valid allocation shall be treated as a direction to allocate the
      transfers to the Investment Offerings (other than from BrokerageLink) within
      the
      relevant Subaccounts on a pro rata basis, then the Member’s failure to allocate
      transfers properly shall be deemed an exercise of the Member’s control and
      discretion to allocate the transfer to the Member’s Investment Offerings (other
      than from BrokerageLink) within the relevant Subaccounts on a pro rata
      basis.

     

    9.3           Conditions. Investment
      directions and redirections shall be made subject to the conditions of
      Article 16.

    
       

      
        
          9.4           Responsibility
            for Following-up on Investment Direction
            Execution. A Participant or Beneficiary shall
            be responsible for following up in order to ensure that his or her investment
            directions and redirections were acted upon and were carried out in accordance
            with his or her express instructions, and that, in the case of a Participant,
            any contributions related to a suspended direction were redirected in
            accordance
            with the Participant’s standing investment direction once the conditions that
            precipitated the suspension were resolved.

        

      

    

     

     

     

    
      
        
        

      

      
        32

        
          

        

      

      
        Index

      

    

     

     

    ARTICLE
      10

     

    MEMBER
      WITHDRAWALS

     

    10.1           General
      Withdrawal Restrictions and Provisions.

     

    (a)           A
      Member shall have no right to receive the amounts standing to his credit in
      his
      Account, or any part thereof, except as may be permitted by this Article 10,
      Article 11, Section 12.4, Section 13.2(c), and Article 17 of the
      Regulations.

     

    (b)           Whenever
      a Member shall direct a withdrawal from any of his Investment Offerings, there
      shall be redeemed (as of the next succeeding Valuation Date following receipt
      of
      such direction by the Fund or on the receipt date of such direction if such
      direction is received on a Valuation Date prior to the time the New York Stock
      Exchange closes for trading) so much of such Member’s interest as may be
      necessary to provide the cash to be withdrawn.

     

    (c)           Notwithstanding
      the foregoing provision, however, no withdrawal shall be permitted from a
      Member’s Account in excess of the value (as of the next succeeding Valuation
      Date following receipt of such direction by the Fund or on the receipt date
      of
      such direction if such direction is received on a Valuation Date prior to the
      time the New York Stock Exchange closes for trading) of all amounts standing
      to
      his credit in his Investment Offerings.  The value of the Account or
      relevant Subaccounts will be determined as of the next succeeding Valuation
      Date
      following receipt of such direction by the Fund or on the receipt date of such
      direction if such direction is received on a Valuation Date prior to the time
      the New York Stock Exchange closes for trading.

     

    (d)           During
      periods of extreme market conditions or market closures, a withdrawal direction
      may not become effective until normal trading resumes in all securities
      markets.  Similarly whenever the Investment Manager closes the Royal
      Dutch Shell Stock Fund to redemptions or whenever, in the judgment of the
      Investment Manager, liquidity in the Royal Dutch Shell Stock Fund is
      insufficient to honor in the aggregate all loan, withdrawal, and distribution
      requests involving redemptions from the Royal Dutch Shell Stock Fund, then
      withdrawal directions to redeem units of the Royal Dutch Shell Stock Fund and/or
      withdrawal directions to redeem other Investment Offerings units which
      redemptions are dependent in whole or in part upon redemptions of Royal Dutch
      Shell Stock Fund units shall not become effective until the Royal Dutch Shell
      Stock Fund reopens and/or, in the judgment of the Investment Manager, liquidity
      in the Royal Dutch Shell Stock Fund is sufficient to honor in the aggregate
      all
      loans, withdrawals, and distributions involving redemptions from the Royal
      Dutch
      Shell Stock Fund.  In such event, the Valuation Date shall be likewise
      delayed.

     

    (e)           Notwithstanding
      any other provision of this Article 10, a Member shall not be permitted to
      withdraw any amount subject to a qualified domestic relations order as defined
      under ERISA and the Code.

     

    (f)           The
      Member may specify an Investment Offering within the relevant Subaccounts from
      which the withdrawal shall be made.  If the Member does not specify an
      Investment Offering or if further allocation of the amount of the withdrawal
      is
      necessary, the amount or remaining amount, as the case may be, shall be
      distributed from the Member’s Investment Offerings (other than from
      BrokerageLink) within the relevant Subaccounts on a pro rata
      basis.  Where by virtue of the summary plan description or otherwise,
      the Member is informed or otherwise aware that a Member has a right to allocate
      withdrawals to the Member’s Investment Offerings and moreover, that the failure
      to make a valid allocation shall be treated as a direction to allocate the
      withdrawals to the Investment Offerings (other than from BrokerageLink) within
      the relevant Subaccounts on a pro rata basis, then the Member’s failure to
      allocate withdrawals properly shall be deemed an exercise of the Member’s
      control and discretion to allocate the withdrawal to the Member’s Investment
      Offerings (other than from BrokerageLink) within the relevant Subaccounts on
      a
      pro rata basis.

    
       

       

       

      
        
          
          

        

        
          33

          
            

          

        

        
          Index

        

      

       

       

       

      
        
          10.2           Withdrawals
            of Member After-Tax Contributions. Any Member
            may by written direction to the Fund withdraw up to one hundred percent
            (100%)
            of the value of his Member After-Tax Subaccount.  The right to make
            such a withdrawal is personal to such Member and cannot be transferred
            or
            pledged, whether by voluntary act or by operation of law, and any such
            attempted
            transfer or pledge shall be void.

           

          10.3           Age
            591⁄2 Withdrawals. Notwithstanding anything in
            these Regulations to the contrary, any Member who attains age 591⁄2 even though he
            has not terminated service and is still in the service of an Employer
            may, by
            direction to the Plan Administrator, withdraw all or a portion of the
            amount
            standing to his credit.

           

          10.4           Withdrawals
            of Prior Plan Vested Match. Any Member who
            has amounts credited to a Prior Plan Fully Vested Match Subaccount may,
            by
            direction to the Plan Administrator, withdraw all or a portion of the
            amount
            standing to his credit in such Prior Plan Fully Vested Match Subaccount;
            provided, however, if (a) such Member has less than five (5) years
            of Participation Service, and (b) such withdrawal includes employer
            contributions made under the Siemens Savings Plan within two years of
            the last
            day of the month in which the withdrawal is to be made, Contributing
            Company
            contributions on behalf of any such Member who has not terminated service
            and/or
            is still in the service of a Contributing Company, shall be suspended
            for a
            three-month period following the end of the month after the withdrawal
            is
            made.

           

          10.5           Withdrawals
            of Prior Plan Employer Contributions. Any
            Member who has amounts credited to the Prior Plan Company Contribution
            Subaccount may, by direction to the Plan Administrator, withdraw once
            in every
            twelve-month period all or a portion of the amount standing to his or
            her credit
            in his or her Prior Plan Company Contribution Subaccount.  Except as
            may be permitted by Section 10.3, this Section 10.5 shall not apply to
            a Member
            until the Member has at least five years of participation in the
            Fund.  For purposes of this Section 10.5, “participation in the Fund”
shall include, in addition to participation in this Fund, participation
            in the
            Alliance Savings Plan, the Star Enterprise Thrift Plan, the Star Enterprise
            Savings Plan, and any other plan from which a Member’s Account was transferred
            in a direct trust-to-trust transfer to the Alliance Savings
            Plan.   For purposes of this paragraph, “participation in
            the Fund” shall also include, in addition to participation in this
            Fund, participation in the Pennzoil-Quaker State Company Savings and
            Investment
            Plan and the Pennzoil-Quaker State Company Savings and Investment Plan
            for
            Hourly Employees.

        

      

    

     

    10.6           Hardship
      Withdrawals.

     

    (a)           Hardship
      Withdrawals will be available under the terms of these Regulations for
      Members.

     

    (b)           Applications
      for Hardship Withdrawals must be submitted to the Plan
      Administrator.  The Plan Administrator will consider such applications
      and requests at least once a month.  Members shall pre-qualify for
      Hardship Withdrawals in accordance with the procedures established by the Plan
      Administrator.  Hardship Withdrawals, when the Plan Administrator has
      pre-qualified the Member, will be made effective (unless denied):  on
      the date the Hardship Withdrawal applications actually received provided it
      is
      received on a Valuation Date before the New York Stock Exchange closes for
      trading; or on the Valuation Date next succeeding the day on which it is
      actually received, if it is not received on a Valuation Date or if it is
      received on a Valuation Date after the New York Stock Exchange closes for
      trading.

     

    (c)           A
      Member may withdraw such amounts as are needed to satisfy such Member’s
      immediate and heavy financial need, in accordance with and subject to the
      following conditions:

     

    (1)           A
      distribution will be deemed to be made on account of an immediate and heavy
      financial need if the distribution is on account of:

     

    
      	
               

            	
              (A)

            	
              Payment
                of tuition and related educational fees as specified by the Commissioner
                of the Internal Revenue Service for the next 12 months or portion
                thereof
                of post-secondary education for the Member, such Member’s spouse, child or
                children, or dependents (as defined in Section 152 of the Code, and,
                for
                taxable years beginning on or after January 1, 2005, without regard
                to
                Section 152(b)(1), (b)(2) and (d)(1)(B) of the
                Code);

            

    

     

     

    
      
        
        

      

      
        34

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (B)

            	
              Purchase
                (excluding mortgage payments) of a principal residence of the
                Member;

            

    

     

    
      	
               

            	
              (C)

            	
              Medical
                and dental expenses described in Section 213(d) of the Code previously
                incurred by the Member, such Member’s spouse, or any dependents of the
                Member, within the meaning of Section 152 of the Code (consistent
                with the
                definition of dependent as used in the application of Sections 105
                and 106
                of the Code), or necessary for these persons to obtain medical or
                dental
                care described in Section 213(d) of the
                Code;

            

    

     

    
      	
               

            	
              (D)

            	
              The
                need to prevent the eviction of the Member from such Member’s principal
                residence or foreclosure on the mortgage of the Member’s principal
                residence;

            

    

     

    
      	
               

            	
              (E)

            	
              Payments
                for burial or funeral expenses for the Member’s deceased parent or
                parents, spouse, child or children, or dependents (as defined in
                Section
                152 of the Code, and, for taxable years beginning on or after January
                1,
                2005, without regard to Section 152(d)(1)(B) of the
                Code);

            

    

     

    
      	
               

            	
              (F)

            	
              Expenses
                for the repair of damage to the Member’s principal residence that would
                qualify for the casualty deduction under Section 165 of the Code
                (determined without regard to whether the loss exceeds 10% of the
                Member’s
                adjusted gross income); or

            

    

     

    
      	
               

            	
              (G)

            	
              Such
                other reason as the Commissioner of the Internal Revenue Service
                shall
                approve through communications of general applicability; provided
                such
                reason is expressly included by the Plan Administrator as a certifiable
                reason for the Hardship Withdrawal.

            

    

     

    (d)           Hardship
      Withdrawals shall be considered only to the extent that the amount requested
      is
      not in excess of the amount required to relieve the hardship, or to the extent
      that such need may not be satisfied from other resources that are reasonably
      available to the Member, including assets of such Member’s spouse and minor
      dependents.  The amount requested may include amounts necessary to pay
      any federal, state, or local income taxes or penalties reasonably anticipated
      to
      result from the Hardship Withdrawal.  The Member shall certify in his
      application for a Hardship Withdrawal:

     

    
      	
               

            	
              (1)

            	
              the
                amount needed to meet the hardship,

            

    

     

    
      	
               

            	
              (2)

            	
              that
                the hardship is of an immediate and heavy financial
                nature,

            

    

     

    
      	
               

            	
              (3)

            	
              the
                amount of funds reasonably available to him, his spouse, and minor
                dependents, and

            

    

     

    
      	
               

            	
              (4)

            	
              that
                he will in fact use such funds and the Hardship Withdrawal to meet
                the
                hardship.

            

    

     

    The
      Member shall also represent, and the Plan Administrator shall be entitled to
      reasonably rely upon the Member’s representation, that the need cannot be
      relieved:

     

    
      	
               

            	
              (5)

            	
              through
                reimbursement or compensation by insur­ance or
                otherwise;

            

    

     

     

    
      
        
        

      

      
        35

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (6)

            	
              by
                reasonable liquidation of the Member’s assets, to the extent such
                liquidation would not itself cause an immediate and heavy financial
                need;

            

    

     

    
      	
               

            	
              (7)

            	
              by
                cessation of Salary Deferrals; or

            

    

     

    
      	
               

            	
              (8)

            	
              by
                (A) other distributions under this Fund and any other plans maintained
                by
                the Employer, or (B) borrowing tax-free (at the time of the loan)
                from
                this Fund and any other plan maintained by the Employer, or
                (C) borrowing from commercial sources on reasonable commercial
                terms.  Notwithstanding the foregoing, the Plan Administrator
                shall require Members to first obtain all loans and other distributions
                (other than hardship distributions), under this Fund and, all other
                defined contribution plans of the Employer unless such loan or
                distribution would itself increase the immediate and heavy financial
                need.

            

    

     

    (e)           A
      Member may be denied a Hardship Withdrawal if he has a loan outstanding under
      the Fund and the Plan Administrator determines such a Hardship Withdrawal would
      impair the security for such loan.

     

    (f)           Hardship
      Withdrawals will be distributions under the Fund.

     

    (g)           The
      Member shall not be entitled to make any Member Contributions to the Fund or
      any
      other qualified plan  maintained by the Employer,  but
      excluding any health or welfare benefit plan.

     

    (h)           The
      amount of a Member’s Hardship Withdrawal shall not exceed the sum of such
      Member’s account balance, if any, as of December 31, 1988, in the Shell Pay
      Deferral Investment Fund, any elective deferrals or catch-up contributions
      made
      thereafter to the Shell Pay Deferral Investment Fund, and any Member Pre-Tax
      Contributions or Member Catch-Up Contributions made to the Fund, less previous
      distributions of elective deferrals or catch-up contributions.

     

    (i)           If
      a Member’s application for a Hardship Withdrawal is denied in whole or in part,
      the claims procedure of Article 20 shall apply.

     

    

    ARTICLE
      11

     

    LOANS

    
       

      
        
          11.1           Eligible
            Borrowers. Participants and Present Interest
            Beneficiaries who have an Account under this Fund shall be eligible to
            make a
            loan under the terms of these Regulations; provided, however, that
            loans to parties in interest may not discriminate in favor of Highly
            Compensated
            Employees.

           

          11.2           Requests
            for Loans to the Plan Administrator. The Plan
            Administrator will consider such loan requests at least once a
            month.  Unless denied, a loan will be made effective on the date the
            loan request is actually received provided it is received on a Valuation
            Date
            before the New York Stock Exchange closes for trading; or on the Valuation
            Date
            next succeeding the day on which it is actually received, if it is not
            received
            on a Valuation Date or if it is received on a Valuation Date after the
            New York
            Stock Exchange closes for trading.  During periods of extreme market
            conditions or market closures, a loan request shall be treated the way
            a
            withdrawal direction is treated under Section 10.1(d).

           

          11.3           Administration
            of the Loan Program. Borrowers may apply for
            loans under these Regulations subject to the following terms and
            conditions:

        

      

    

     

    (a)           With
      respect to each Account, the total amount of outstanding loans, including loans
      from other qualified plans of the Employer, shall not exceed the lesser
      of:

     

     

    
      
        
        

      

      
        36

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (1)

            	
              Fifty
                Thousand Dollars ($50,000) reduced by the excess, if any, of (A) the
                highest outstanding balance of loans from the Fund (and all other
                qualified plans maintained by the Employer) during the one-year period
                ending on the day before the date on which such loan was made, over
                (B) the outstanding balance of loans from the Fund on the date on
                which such loan was made, or

            

    

     

    
      	
               

            	
              (2)

            	
              one-half
                the value of the Account, determined as of the last Valuation Date
                preceding the Borrower’s request for a
                loan.

            

    

     

    For
      any
      loan, including loans from other qualified plans of the Employer, that is deemed
      distributed as a result of a default that has not been repaid (such as by a
      plan
      loan offset), the unpaid amount of such loan including accrued interest will
      be
      considered outstanding for purposes of Section 11.3(a).

     

                          (b)           Loans
      shall not be made for less than Five Hundred Dollars ($500.00).

     

                          (c)           Loans
      shall meet the requirements of Section 4975(d)(1) of the Code.

     

                          (d)           Loans
      shall be adequately secured by the value of the Member’s Account.

     

                          (e)           The
      rate of interest for loans shall be set by the Plan Administrator based on
      an
      annual rate equal to the prime index as quoted by Bloomberg L.P., The Wall
      Street Journal, or any other widely available, easily accessible
      source.  The Plan Administrator shall be entitled to select a rate
      which discourages arbitrage and reflects the fact that payments generally are
      made via payroll deduction.  The Plan Administrator shall not be
      required to charge different rates for different parts of the country and need
      not consider the creditworthiness of the Borrower nor the usury laws of any
      particular jurisdiction.  The Plan Administrator will periodically
      review the loan rate and make adjustments when appropriate.  However,
      the rate set for each loan shall remain the same during the term of the loan,
      except that the rate of interest may not exceed 6% per year during periods
      that
      the Borrower is on “military service,” within the meaning of,
      and as required under, the Servicemembers Civil Relief Act.  Principal
      and interest paid on a loan shall be credited and allocated in accordance with
      the current or last Contribution allocation.

     

                          (f)           Loans,
      by their terms, shall be amortized in substantially level monthly or
      semi-monthly payments with the final payment or balance due upon the expiration
      of a fixed term of not more than five (5) years and of not less than six (6)
      months; provided, however, the Plan Administrator, to the extent
      permitted under applicable law, may approve a loan for up to a twenty-five-year
      term in the case of a loan used to acquire any dwelling unit which within a
      reasonable period of time is to be used (determined at the time the loan is
      made) as the principal residence of the Borrower based upon a certification
      made
      by the Borrower, and consistent with such certification.

     

                          (g)           Loans
      shall be made pursuant to a loan agreement between the Borrower and the Fund,
      utilizing such methods and provisions as the Plan Administrator shall
      approve.  Loan payments will be made in installments by payroll
      deductions, in the case of an Active Employee actively at work, and by direct
      payment (including payments through the use of the automatic clearing house
      method of debiting his account with a financial institution) in the case of
      any
      other Borrower, with minimum payments of Twenty-Five Dollars ($25) per
      month.

     

                          (h)           A
      Borrower may not have more than five (5) loans under this Fund and any other
      qualified plan of the Employer outstanding at one time.

     

                          (i)           The
      Plan Administrator shall be entitled to deny any loan where he has reasonable
      cause to believe that the Borrower is not making a bona fide loan as, for
      example, when the Borrower has no intention to repay it.

     

                          (j)           Loans
      shall meet such other requirements as the Plan Administrator may determine
      advisable or necessary to provide adequate security and to comply with all
      applicable laws.

     

                          (k)           A
      loan will be funded on a pro rata basis from a Borrower’s Investment Offerings
      (other than from BrokerageLink) on the basis of the source of the amounts in
      the
      following order:

     

     

    
      
        
        

      

      
        37

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (1)

            	
              Company
                Contribution Subaccount;

            

    

     

    
      	
               

            	
              (2)

            	
              Prior
                Plan Company Contribution
                Subaccount;

            

    

     

    
      	
               

            	
              (3)

            	
              Prior
                Plan Scheduled Vesting Match
                Subaccount;

            

    

     

    
      	
               

            	
              (4)

            	
              Prior
                Plan Fully Vested Match Subaccount;

            

    

     

    
      	
               

            	
              (5)

            	
              Pre-Tax
                Rollover Subaccount;

            

    

     

    
      	
               

            	
              (6)

            	
              After-tax
                Rollover Subaccount;

            

    

     

    
      	
               

            	
              (7)

            	
              Member
                After-Tax Subaccount;

            

    

     

    
      	
               

            	
              (8)

            	
              Member
                Pre-Tax Subaccount; and

            

    

     

    
      	
               

            	
              (9)

            	
              Member
                Catch-Up Subaccount.

            

    

     

    Notwithstanding
      the above, a Borrower may specify an Investment Offering from which the loan
      is
      to be made, subject to the hierarchy described above.  Where by virtue
      of the summary plan description or otherwise, the Borrower is informed or
      otherwise aware that the Borrower has a right to specify an Investment Offering
      from which the loan is to be made subject to the hierarchy described above
      and
      moreover, that failure to specify an Investment Offering shall result in the
      loan being funded on a pro rata basis from the Member’s Investment Offerings
      (other than from BrokerageLink), then the Borrower’s failure to specify properly
      an Investment Offering from which the loan is to be made shall be deemed an
      exercise of the Borrower’s control and discretion to fund the loan on a pro rata
      basis from the Member’s Investment Offerings (other than from BrokerageLink),
      subject to the hierarchy described above.

     

    (l)           The
      entire unpaid principal balance and accrued interest of a loan shall become
      immediately due and payable upon the death of the
      Borrower.  Notwithstanding the above, the preceding sentence shall not
      apply if a Beneficiary that is 18 years or older is the sole Beneficiary of
      a
      deceased Borrower’s Account or Derivative Account, and such Beneficiary
      affirmatively elects to continue to repay the loan under its original terms,
      where such election is received by the Fund no later than the last day that
      a
      Borrower would have to cure a failure to pay an installment payment under
      Section 11.4(a), and the unpaid principal balance and accrued interest, together
      with the Account or Derivative Account balance equals at least Two Hundred
      Dollars ($200).

     

    (m)           A
      loan may be prepaid by a Borrower at any time without a penalty fee or
      charge.  Such prepayments shall be applied towards the principal
      payment amounts due at the end of the term of the loan.  Such
      prepayments will not relieve the Borrower from making subsequent installment
      payments under the terms of the loan, except to the extent that the outstanding
      principal balance is reduced to less than the amount of an installment
      payment.

     

    (n)           Installment
      payments required under the terms of a loan may be suspended under these
      Regulations as permitted under Section 414(u)(4) of the Code for an Active
      Employee during periods of qualified military service; however, consistent
      with
      administrative practices, payroll deductions for installment payments will
      continue based upon the original installment amount during the period of
      qualified military service if the Active Employee receives sufficient
      compensation for this purpose and the Active Employee does not affirmatively
      elect to discontinue payroll deductions during the period of qualified military
      service.  At the end of the suspension period permitted under this
      Section 11.3(n) and if a balance exists, the installment payments will resume
      at
      an amount required to pay the entire unpaid principal balance of the loan,
      including the interest that accrued during the suspension period and the
      interest that will accrue, by the end of the original term of the loan extended
      by the length of the suspension period permitted under this Section
      11.3(n).  Notwithstanding the preceding sentence, the amount of an
      installment payment due after the end of the suspension period under this
      Section 11.3(n) must not be less than the amount required under the terms of
      the
      original loan.

     

     

    
      
        
        

      

      
        38

        
          

        

      

      
        Index

      

    

     

     

    (o)           Installment
      payments required under the terms of a loan may be suspended not longer than
      one
      year under these Regulations as permitted under the applicable Department of
      Treasury regulations for an Active Employee that is on a bona fide leave of
      absence (other than a qualified military service leave under Section 11.3(n)),
      provided that such Member is not receiving Compensation.  At
      the end of the suspension period permitted under this Section 11.3(o), the
      installment payments will resume at an amount required to pay the entire unpaid
      principal balance of the loan, including the interest that accrued during the
      suspension period and the interest that will accrue, by the end of the original
      term of the loan extended by the length of the suspension period permitted
      under
      this Section 11.3(o).  Notwithstanding the preceding sentence, the
      amount of an installment payment due after the end of the suspension period
      under this Section 11.3(o) must not be less than the amount required under
      the
      terms of the original loan; and the term of the loan may not be extended beyond
      five years from the date the loan was issued for loans that were not used to
      acquire a principal residence.

     

    (p)           Notwithstanding
      Sections 11.3(n), 11.3(o), and Section 11.4, if plan loans are to be transferred
      to the Fund for a Participant or Beneficiary in connection with a merger or
      asset transfer, then the terms and conditions of Sections 11.3 and 11.4 may
      be
      modified by the Plan Administrator to the extent necessary to accommodate the
      administration of such loans, provided such loans meet the applicable
      requirements of ERISA and the Code.

     

    (q)           Notwithstanding
      the foregoing requirements of this Section 11.3, the installment obligations
      for
      any loan requested on or after January 1, 2004, must be paid by payroll
      deduction if, at the time the loan is requested, the Borrower has a previous
      loan (including any loan from other qualified plans of the Employer) that
      resulted in a deemed distribution that has not been repaid (such as by plan
      loan
      offset); moreover, if at a later time, the installment obligations of such
      loan
      cannot be made by payroll deduction (other than during the periods permitted
      by
      Sections 11.3(n) or 11.3(o)), the amount then outstanding on the loan will
      be
      treated as a deemed distribution under Section 72(p) of the
      Code.

     

    (r)           Installment
      payments required under the terms of a loan may be suspended as permitted under
      Section 103 of the Katrina Emergency Relief Act of 2005 provided that the
      Borrower is a qualified individual and makes a request to the Plan Administrator
      for such relief no later than December 27, 2005.  For purposes of this
      Section 11.3(r), a qualified individual is an individual whose principal place
      of abode on August 28, 2005, was located in the state of Louisiana, Mississippi,
      Alabama, or Florida and such individual sustained an economic loss by reason
      of
      Hurricane Katrina.  At the end of the suspension period permitted
      under this Section 11.3(r), the installment payments will resume at an increased
      amount required to pay the entire unpaid principal balance of the loan,
      including the interest that accrued during the suspension period, and the
      interest that will accrue, by the end of the original term of the loan extended
      by the length of the suspension period permitted under this Section
      11.3(r).

     

    (s)           Installment
      payments required under the terms of a loan may be suspended as permitted under
      Title II of the Gulf Opportunity Zone Act of 2005 provided that the Borrower
      is
      a qualified individual and makes a request to the Plan Administrator for such
      relief no later than February 28, 2006.  For purposes of this Section
      11.3(s), a qualified individual is an individual whose principal place of abode
      on September 23, 2005, was located in an area with respect to which a major
      disaster has been declared by the President before October 6, 2005, under
      Section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance
      Act by reason of Hurricane Rita (or such other area that the Internal Revenue
      Service may specify), and such individual sustained an economic loss by reason
      of Hurricane Rita.  At the end of the suspension period permitted
      under this Section 11.3(s), the installment payments will resume at an increased
      amount required to pay the entire unpaid principal balance of the loan,
      including the interest that accrued during the suspension period, and the
      interest that will accrue, by the end of the original term of the loan extended
      by the length of the suspension period permitted under this Section
      11.3(s).

     

    11.4           Late
      or missed payments.

     

    (a)           If
      a Borrower fails to repay any loan granted to him pursuant to this
      Article 11 in accordance with its terms and such failure continues for a
      period of at least thirty (30) days, the Plan Administrator shall notify the
      Borrower in writing in a timely manner that he has thirty (30) days from the
      date of the notice to cure the failure (the “Cure Period”), and
      that if the failure is not cured within the Cure Period, the Plan Administrator
      shall, without further notice to the Borrower, accelerate the balance due on
      the
      loan and treat the loan as in default.  If the Borrower is deceased,
      such notice may be given to the person who would be entitled to receive
      distribution of his Account under the terms of the Plan and who has elected
      to
      continue to repay the loan under its original terms as provided for in Section
      11.3(l) above (hereinafter in this Article 11, referred to as
“Beneficiary Borrower”).  If the failure is not cured
      within the Cure Period, and:

     

     

    
      
        
        

      

      
        39

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (1)

            	
              to
                the extent that one of the distributable events under these Regulations
                has occurred, then the Plan Administrator shall reduce the Account
                by the
                balance due on the loan and record and report the transaction as
                an offset
                distribution; or

            

    

     

    
      	
               

            	
              (2)

            	
              to
                the extent that a distributable event under these Regulations has
                not
                occurred and the Borrower is not eligible for, or does not consent
                to, a
                distribution or withdrawal, then the Plan Administrator:  (A)
                shall record and report the unpaid loan balance and any accrued but
                unpaid
                interest as a taxable deemed distribution; and (B) at the earliest
                time
                the Account can be distributed under these Regulations, may reduce
                the
                Account by the balance due on the loan, including any accrued but
                unpaid
                interest.

            

    

     

    In
      any
      such event, the Fund will be completely discharged of all liability under the
      Fund for the balance of the Account up to the balance (including interest)
      due
      on any such loan.

     

    (b)           Written
      notice to the Borrower (or to the Beneficiary Borrower if the Borrower is
      deceased) will conclusively be presumed to have been given under the terms
      of
      Section 11.4(a) when mailed (postage prepaid) to the last known address for
      the
      Borrower or the Beneficiary Borrower according to the Plan Administrator’s
      records.  If the Plan Administrator has no address for the Beneficiary
      Borrower to be notified if the Borrower is deceased, the written notice may
      be
      mailed to the Beneficiary Borrower at the Borrower’s last known address and, in
      such event, such notice will conclusively be presumed to have been properly
      given to the Beneficiary Borrower.

     

    (c)           Notwithstanding
      the above, the Plan Administrator may extend the Cure Period provided that
      the
      following conditions are met:

     

    
      	
               

            	
              (1)

            	
              the
                Cure Period is not extended by more than 30
                days;

            

    

     

    
      	
               

            	
              (2)

            	
              it
                is demonstrated that the Borrower made a good faith effort to cure
                the
                failure by the end of the Cure Period;
                and

            

    

     

    
      	
               

            	
              (3)

            	
              the
                criteria above is applied by the Plan Administrator on a consistent
                basis
                for all Borrowers similarly
                situated.

            

    

     

    In
      no
      event may the Cure Period for the failure to pay an installment payment when
      due
      continue beyond the last day of the calendar quarter following the calendar
      quarter in which the required installment payment was due.

     

    11.5           Status. If
      a Member receives a loan under this Article 11, his status as a Member in
      the Fund and his rights with respect to his benefits under these Regulations
      shall not be affected, except to the extent that the Member has used his Account
      as security for the loan, pursuant to this Article 11.

     

    11.6           Discontinued
      Payroll Deduction Due to
      Hardship. Notwithstanding the above, at the
      written request of a Borrower and upon the demonstration by such Borrower that
      continuation of loan payments via payroll deductions would cause undue financial
      hardship, the Plan Administrator may cease all future loan payments by payroll
      deduction and accelerate the entire unpaid principal balance due on the loan
      with accrued interest.  In this event, the Borrower will be treated as
      having defaulted on the loan as of the day payroll deductions are terminated;
      in
      addition, such Borrower will be restricted from obtaining a new loan under
      these
      Regulations for a period extending at least through the due date of the last
      installment payment that would have been payable under the original terms of
      the
      loan which was declared in default.

     

     

    
      
        
        

      

      
        40

        
          

        

      

      
        Index

      

    

     

    

    ARTICLE
      12

     

    DISTRIBUTIONS
      AND DESIGNATION OF BENEFICIARY

     

    12.1           Beneficiary
      Designation. Subject to the provisions
      pertaining to certain married Members set out below, a Member may name an
      individual, estate, trust, or Qualified Charitable Organization as a
      beneficiary, or multiple or combination of individuals, trusts, and Qualified
      Charitable Organizations as beneficiaries (hereinafter referred to as
“beneficiary,” whether one or more) to receive all or any part of the amount
      standing to the Member’s credit with the Fund in the event the Member dies
      before such amount is distributed.  Subject to the provisions
      pertaining to certain married beneficiaries set out below, a Present Interest
      Beneficiary may name an individual, estate, trust or Qualified Charitable
      Organization to receive all or any part of the Derivative Account standing
      to
      his credit with the Fund in the event the Present Interest Beneficiary dies
      before all of such amount is distributed.  A “Qualified
      Charitable Organization” for these purposes shall mean a charitable
      organization in existence at the time of the distribution that is
      either:

     

    
      	
               

            	
               (a)

            	
              an
                organization described in Section 170(c) of  the Code and listed
                in the IRS Cumulative List of Organizations described in Section
                170(c) of the Internal Revenue Code as published by the Internal
                Revenue Service (currently published as Publication 78) at the
                time of distribution;

            

    

     

    
      	
               

            	
              (b)

            	
              an
                organization which is a church or other church organization which
                qualifies as a charitable organization under Section 501(c)(3) of
                the
                Code; or

            

    

     

    
      	
               

            	
              (c)

            	
              an
                educational organization which either qualifies as a charitable
                organization under Section 501(c)(3) of the Code or which otherwise
                constitutes an educational organization to which charitable contributions
                may be deducted under section 170 of the
                Code.

            

    

     

    In
      order
      to be recognized as a Qualified Charitable Organization any organization
      designated hereunder must present clear and convincing evidence to the Plan
      Administrator that it meets the requirements described above. The Plan
      Administrator may rely on a listing of the designated organization in the
      current IRS Cumulative List of Organizations described in Section 170(c) of
      the Internal Revenue Code as published by the Internal Revenue Service
      (currently published as Publication 78) at the time of distribution in
      order to treat such organization as a Qualified Charitable
      Organization.  In the event that an organization described in (b) or
      (c) is not listed in such publication and is otherwise unable to produce
      documentation to the satisfaction of the Plan Administrator that it is an
      organization described in Section 170(c) of the Code, or, if the Plan
      Administrator cannot locate such organization within a reasonable period of
      time, such designation will be of no force and effect and distribution of such
      interest which was to pass to the designated organization shall instead be
      paid
      in as provided in Section 12.3.  Such determination shall be at the
      Plan Administrator’s discretion and any decision by the Plan Administrator shall
      be final and binding.

     

    12.2           Effective
      Date of Beneficiary Designation. No
      designation or change of beneficiary shall be effective until it is properly
      accepted by the Plan Administrator or by its duly authorized agent, but when
      so
      accepted it shall be effective retroactively to the date of the instrument
      making the designation or change.  A Member or Present Interest
      Beneficiary may from time to time cancel the designation of a beneficiary,
      but
      no such cancellation shall be effective until it is filed with the Trustees;
      provided, that if the Member or the Present Interest Beneficiary, respectively,
      dies after forwarding a cancellation to the Trustees, and if it is actually
      received by the Trustees prior to the time that the amount standing to his
      credit in the Fund is paid out, it shall be effective retroactively to the
      date
      of the instrument making the cancellation.

     

    12.3           Beneficiary
      Designation and Spousal Consent.

     

    (a)           After
      termination of service, amounts standing to the credit of a Member shall be
      payable to the Member, if he is living.  Should any Participant or
      Present Interest Beneficiary die prior to the distribution of his Account or
      any
      portion thereof, the balance of his Account shall be payable to his surviving
      spouse unless he has a designation of beneficiary in effect which names a
      non-spouse beneficiary and such surviving spouse has properly consented to
      such
      designation, if applicable.  Consent is proper if the designation is
      in writing and may not be changed without spousal consent and if the spouse
      acknowledges the effect of the designation in a notarized
      writing.  Such spousal consent shall be
      irrevocable.  Spousal consent shall not be required if it is
      established to the satisfaction of the Plan Administrator that there is no
      spouse, that the spouse cannot be located, or that other circumstances exist
      as
      set forth in regulations issued by the Secretary of the
      Treasury.  Consent by a spouse shall be effective only with respect to
      such spouse.

     

     

    
      
        
        

      

      
        41

        
          

        

      

      
        Index

      

    

     

     

                          (b)           Spousal
      consent is also not required for a Derivative Account of a Present Interest
      Beneficiary; however, for the sake of administrative convenience, the Plan
      Administrator, at his sole discretion, may require a Present Interest
      Beneficiary who is designating a non-spouse beneficiary to obtain spousal
      consent on electronic submissions or otherwise even when such consent is not
      legally required.  No person shall have the discretion to change a
      Participant’s or Present Interest Beneficiary’s designation of beneficiary after
      his death; provided, however, any disclaimer by his surviving spouse or other
      beneficiary which is valid under applicable federal and state laws shall be
      recognized by the Plan Administrator and shall not be deemed to change a
      Participant’s or Present Interest Beneficiary’s designation of beneficiary after
      his death.  Should any Participant or Present Interest Beneficiary die
      prior to the distribution of his Account or any portion thereof without a valid
      designation of beneficiary in effect, the balance of his Account shall be
      payable to his surviving spouse or, if none, to the estate of the Participant
      or
      Present Interest Beneficiary, respectively.  Where a Derivative
      Account or a Member’s Account, together with any unpaid principal balance and
      accrued interest from one or more Member Loans, is less than Two Hundred Dollars
      ($200), distribution of the Account, together with any unpaid principal and
      accrued interest, shall be made with or without the recipient’s
      consent.

     

    12.4           Distribution
      after Termination of Service. After a
      Member’s termination of service, his Account shall be distributed subject to the
      following conditions:

     

    (a)           Except
      as provided in Sections 12.4(b) and 12.6, Accounts shall be distributed to
      the
      proper person or persons under the provisions of these Regulations as soon
      as
      administratively feasible after the Member terminates service, but not later
      than the sixtieth (60th) day after the close of the Plan Year in which occurs
      the latest of the following events:  (1) the date the Member
      attains age 65, or (2) the date the Member terminates service with all
      Contributing Companies or (3) the date beyond age 65 specified in a
      valid deferral election.  Where a Member does not make a valid
      deferral election, the date under clause (3) above shall be the date the
      Member attains age 65.  Notwithstanding the preceding provisions
      of this Section 12.4(a), consistent with the provisions of Treasury Regulation
      section 1.401(a)-14(a), and subject to the provisions of Section 12.4(e), a
      Member must file a claim for benefits before payment of benefits will
      commence.

     

    (b)           No
      distribution of any part of a Member’s Account shall be made, without the
      Member’s written consent, to a Member prior to age 65; provided,
      however, where a Former Member’s Account, together with any unpaid
      principal balance and accrued interest from one or more Member Loans, is less
      than Two Hundred Dollars ($200), distribution of the Former Member’s Account,
      together with any unpaid principal balance and accrued interest, shall be made
      to the Former Member with or without his written consent.  An
      automatic deferral effected under this provision shall be a “deferral” under the
      Fund.

     

    (c)           Any
      deferral under the above provisions and the Account during such a deferral
      shall
      be subject to the terms and conditions set forth from Section 12.6(c) through
      Section 12.6(g).

     

    (d)           If
      (1) a question should exist as to the person or persons entitled to any
      amounts, (2) the amount payable cannot be ascertained by the date
      distribution is scheduled to be made pursuant to the Regulations, or
      (3) the payee cannot be located by such date, distribution may be delayed
      not later than sixty (60) days after the earliest date such question is
      resolved, such amount is ascertained, or the payee is located.

     

    (e)           Notwithstanding
      anything in these Regulations to the contrary, on and after January 1,
      2003, a Member’s Account shall be distributed consistent with Article
      25.

     

     

    
      
        
        

      

      
        42

        
          

        

      

      
        Index

      

    

     

     

    12.5           Normal
      Form of Benefit. The normal form of benefit
      shall be a single sum.

     

    12.6           Deferrals
      and VPOs. As an optional alternative means of
      deferring distributions to that provided under Section 12.4(b), and subject
      to
      the minimum distribution requirements of Section 12.4(e), distributions of
      all
      or a portion of an Account may be deferred by a Member who is terminating
      service, or, if there is no deferral in effect for the Account, by a deceased
      Member’s Qualified Beneficiary (but not by a Present Interest Beneficiary who is
      not a Qualified Beneficiary), consistent with such administrative procedures
      as
      may be prescribed by the Plan Administrator and in accordance with the following
      terms and conditions:

     

    (a)           An
      election to defer distribution of an Account, subject to the minimum
      distribution requirements of Section 12.4(e), shall be made by giving notice
      to
      the Plan Administrator: (1) at any time prior to the Participant’s
      attainment of age 65, if made by a Participant or a Qualified Beneficiary
      who is an alternate payee, within the meaning of section 206(d)(3)(K) of
      ERISA, or, (2) within three (3) calendar months after the death of the
      Member (provided there is no deferral in effect), if made by any other Qualified
      Beneficiary.

     

    (b)           If
      a Member’s termination of service occurs by reason of death and such a Member is
      survived by a Qualified Beneficiary, such Qualified Beneficiary shall have
      the
      right to defer distribution to a date which could have been selected by the
      Member had termination of service occurred by reason other than the Member’s
      death.

     

    (c)           After
      December 31, 1990, a Former Member or a Qualified Beneficiary shall be
      entitled to request in writing a distribution of all or a part of his deferred
      Account balance—and a Present Interest Beneficiary shall be entitled to request
      in writing, a distribution of all or a part of his Derivative Account derived
      from a deferred Account—as of the Valuation Date coincident with or next
      following the receipt of such request.  Payments shall be made as soon
      as administratively feasible following the applicable Valuation
      Date.  Subject to the minimum distribution rules of
      section 401(a)(9) of the Code in the case of a non-spouse Qualified
      Beneficiary, on and after July 16, 1996, a Former Member or a Qualified
      Beneficiary shall be entitled to request a distribution of all or a part of
      his
      deferred Account balance:  (1) in single sum form; or (2) in
      the form of a series of substantially equal monthly, quarterly, semi-annual,
      or
      annual payments (x) for a term of years, or (y) for the life or life
      expectancy of the Former Member or of the Qualified Beneficiary, as the case
      may
      be, or, (z) in the case of a Former Member, for the joint lives of the
      Former Member and the Former Member’s designated beneficiary; and any such
      distribution shall be made or shall commence, as the case may be, on the day
      on
      which it is actually received provided it is received on a Valuation Date before
      the New York Stock Exchange closes for trading; or on the Valuation Date next
      succeeding the day on which it is actually received, if it is not received
      on a
      Valuation Date or if it is received on a Valuation Date after the New York
      Stock
      Exchange closes for trading.  During periods of extreme market
      conditions or market closures, a withdrawal direction shall be treated the
      way a
      withdrawal direction is treated under Section 10.1(d).  In the case of
      a distribution in single sum form, a Former Member or Qualified Beneficiary
      may
      specify an Investment Offering from which the distribution is to be
      made.  If the Participant or Qualified Beneficiary does not specify an
      Investment Offering or if a further allocation of the dollar amount of a
      distribution request is necessary, the amount or remaining amount, as the case
      may be, shall be distributed from the Investment Offerings (other than
      BrokerageLink) on a pro rata basis.  In the case of any distribution
      other than a distribution in single sum form, allocation of the dollar amount
      of
      such a distribution request shall be made on a pro rata basis from all the
      Investment Offerings (other than BrokerageLink).  Where by virtue of
      the summary plan description or otherwise, the Participant or Qualified
      Beneficiary is informed or otherwise aware that he or she has a right to specify
      an Investment Offering from which the withdrawal is to be made and moreover,
      that failure to specify an Investment Offering shall result in the withdrawal
      being funded on a pro rata basis from all Investment Offerings (other than
      BrokerageLink), then the Participant’s or Qualified Beneficiary’s failure to
      specify properly an Investment Offering from which the withdrawal is to be
      made
      shall be deemed an exercise of the Participant’s  or Qualified
      Beneficiary’s control and discretion to fund the withdrawal on a pro rata basis
      from all Investment Offerings (other than BrokerageLink).  A Former
      Member or Qualified Beneficiary may direct at any time a total distribution
      of
      the deferred Account balance—and a Present Interest Beneficiary may direct at
      any time a total distribution of the Derivative Account derived from a deferred
      Account—as of the Valuation Date coincident with or next following the receipt
      of such request.

     

    (d)           Any
      deferral shall be subject and subordinate to any conflicting terms of a
      qualified domestic relations order or valid property settlement agreement,
      but
      the fact that a portion of a Participant’s Account has been partitioned under a
      qualified domestic relations order or valid property settlement agreement shall
      not prevent a Participant or a Qualified Beneficiary from exercising rights
      of
      deferral as to the Participant’s portion of the Account.

     

     

    
      
        
        

      

      
        43

        
          

        

      

      
        Index

      

    

     

     

     

    (e)           If
      a Former Member whose Account has been deferred is reemployed by a Contributing
      Company, such deferral will be canceled, except as to distributions already
      made, and distribution of the remainder of the Account will be made under the
      terms of these Regulations as if the Former Member had not previously terminated
      service.

     

    (f)           In
      the event distribution of the Account of a Former Member or a Qualified
      Beneficiary has been deferred under the provisions of these Regulations, and
      the
      Former Member or Qualified Beneficiary dies, distribution of the Account will
      be
      accelerated and the Account distributed to the person(s) entitled to the
      proceeds; provided, in the case of the death of a Former Member leaving a
      Qualified Beneficiary or a Present Interest Beneficiary who is at least 18
      years
      of age, the deferral shall remain effective, but the Qualified Beneficiary
      will
      have the same rights of acceleration which the Former Member had at the time
      of
      death.

     

    (g)           The
      rights and restrictions under the Fund applicable to a Member shall, during
      a
      period of deferral, be applicable to a Former Member or a Qualified Beneficiary
      or a Present Interest Beneficiary, except for rights under Articles 5, 6 and
      7.  Further, as an exception, a Qualified Beneficiary who is not a
      Present Interest Beneficiary shall under no circumstances have the right given
      a
      Member under this Article 12 to name or change a beneficiary.

    
       

      
        
          12.7           QDROs. Notwithstanding
            any other provisions in these Regulations to the contrary, the Fund shall
            make
            distributions to an alternate payee (as defined by ERISA and the Code)
            pursuant
            to any final judgment, decree or order (including judicial approval of
            a
            property settlement agreement) which the Plan Administrator has determined
            to be
            a qualified domestic relations order as defined under ERISA and the
            Code.  Such distributions shall be made, if authorized by the
            qualified domestic relations order, within a reasonable time after the
            Plan
            Administrator has made the determination that the requirements for a
            qualified
            domestic relations order have been satisfied, notwithstanding the Member’s
            continuing employment by a Contributing Company.

           

          12.8           Legal
            Disability. Whenever a Participant or
            Beneficiary entitled to receive any payment hereunder is under a legal
            disability or is legally incapacitated so as to be unable to manage his
            financial affairs, the Plan Administrator may direct that payments be
            held or
            made to such person or to his legal representative or to a relative of
            such
            person for the benefit of the Participant or Beneficiary, respectively,
            or the
            Plan Administrator may direct that the payment be applied for the benefit
            of
            such Participant or Beneficiary in such manner as the Plan Administrator,
            in the
            exercise of his fiduciary duty under ERISA, considers prudent.  Any
            payment in accordance with these provisions shall be a complete discharge
            of any
            liability for the making of such payment under the provisions of the
            Regulations.

        

      

    

     

    

    ARTICLE
      13

     

    DIRECT
      ROLLOVERS

     

    
       

      
        
          13.1           Rollovers
            from the Fund. A Distributee may elect, at
            the time and in the manner prescribed by the Plan Administrator, to have
            any
            portion of an Eligible Rollover Distribution paid directly to an Eligible
            Retirement Plan specified by the Distributee in a direct rollover.

           

          13.2           Rollovers
            to the Fund.

        

      

    

     

    (a)           A
      Member who is an Employee may elect to have a Valid Rollover Contribution from
      the Member’s Qualified Retirement Plan contributed directly to the Fund in a
      direct rollover from said Qualified Retirement Plan.

     

     

    
      
        
        

      

      
        44

        
          

        

      

      
        Index

      

    

     

    (b)           A
      Former Member may elect to have a Valid Rollover Contribution from the Former
      Member’s Qualified Retirement Plan contributed directly to the Fund in a direct
      rollover from said Qualified Retirement Plan.  For purposes of this
      section only, “Qualified Retirement Plan” shall mean any of the
      following that permit direct rollovers in accordance with
      section 401(a)(31) of the Code: (1) a Conduit IRA; (2) the Shell Pension
      Plan; and (3) the Alliance Pension Plan.

     

    (c)           Members
      may at any time, notwithstanding the restrictions on Member withdrawals set
      forth in Article 10, withdraw any Valid Rollover Contributions made
      directly to the Fund in a direct rollover and any interest and earnings
      attributable thereon.

     

    (d)           If
      the Plan Administrator determines at any time that a rollover contribution
      to
      the Fund was not a Valid Rollover Contribution at the time it was made, the
      Plan
      Administrator shall distribute to the Member as soon as practicable, the amount
      of the contribution, together with interest and earnings attributable
      thereto.

     

    13.3           EGTTRA
      provisions.

     

    (a)           For
      purposes of the direct rollover provisions in Article 13, an Eligible Retirement
      Plan shall also mean an annuity contract described in Section 403(b) of the
      Code and 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 and which agrees
      to separately account for amounts transferred into such plan from this
      plan.  The definition of Eligible Retirement Plan shall also apply in
      the case of a distribution to a surviving spouse, or to a spouse or former
      spouse who is the Alternate Payee under a qualified domestic relation order,
      as
      defined in Section 414(p) of the Code.

     

    (b)           For
      purposes of the direct rollover provisions in this Article 13, a portion of
      a distribution shall not fail to be an Eligible Rollover Distribution merely
      because the portion consists of after-tax employee contributions that are not
      includible in gross income. However, such portion may be transferred only to
      an
      individual retirement account or annuity described in Section 408(a) or (b)
      of the Code, or to a qualified defined contribution plan described in
      Section 401(a) or 403(a) of the Code that agrees to separately account for
      amounts so transferred, including separately accounting for the portion of
      such
      distribution which is includible in gross income and the portion of such
      distribution which is not so includible.

     

    (c)           The
      Fund will accept participant rollover contributions and/or direct rollovers
      of
      distributions made after December 31, 2001, from the
      following:

     

    (1)           The
      Fund will accept a direct rollover of an Eligible Rollover Distribution
      from:

     

    
      	
               

            	
              (A)

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

            

    

     

    
      	
               

            	
              (B)

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

            

    

     

    
      	
               

            	
              (C)

            	
              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;

            

    

     

    (2)           The
      Fund will accept a participant contribution of an Eligible Rollover Distribution
      from:

     

    
      	
               

            	
              (A)

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

            

    

     

    
      	
               

            	
              (B)

            	
              an
                annuity contract described in Section 403(b) of the Code;
                and

            

    

     

     

    
      
        
        

      

      
        45

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (C)

            	
              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;
                and

            

    

     

    (3)           The
      Fund will 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.

     

    

    ARTICLE
      14

     

    TRANSFERRED
      ASSETS

     

    
      
        
          14.1           Right
            to Transfer Assets to this Fund. In the event
            of, a transfer of assets from, or a merger or consolidation of, a Qualified
            Plan
            into this Fund, the Trustees may direct the Plan Administrator to accept
            Transferred Assets on behalf of a Member.

           

          14.2           Transferred
            Asset Accounts. Except as otherwise provided
            in these Regulations, assets transferred from a Qualified Plan to this
            Fund
            shall be accounted for as follows:

        

      

    

     

    
      	
               

            	
              (a)

            	
              elective
                deferrals and qualified non-elective contributions (and earnings
                thereon)
                shall be credited to the Member Pre-Tax
                Subaccount;

            

    

     

    
      	
               

            	
              (b)

            	
              catch-up
                contributions (and earnings thereon) shall be credited to the Member
                Catch-Up Subaccount;

            

    

     

    
      	
               

            	
              (c)

            	
              participant
                after-tax contributions (and earnings thereon) shall be credited
                to the
                Member After-Tax Subaccount;

            

    

     

    
      	
               

            	
              (d)

            	
              company
                contributions (and earnings thereon) that are not eligible for in-service
                distributions before the participant attains 591⁄2 years of age shall be
                credited to the Company Contribution
                Subaccount;

            

    

     

    
      	
               

            	
              (e)

            	
              company
                contributions (and earnings thereon) that are eligible for in-service
                distributions before the participant attains 591⁄2 years of age shall be
                credited to the Prior Plan Company Contribution
                Subaccount;

            

    

     

    
      	
               

            	
              (f)

            	
              employer
                matching contributions (and earnings thereon) that are subject to
                a
                vesting schedule shall be credited to the Prior Plan Scheduled Vesting
                Match Subaccount;

            

    

     

    
      	
               

            	
              (g)

            	
              employer
                matching contributions (and earnings thereon) that are not subject
                to a
                vesting schedule shall be credited to the Prior Plan Fully Vested
                Match
                Subaccount;

            

    

     

    
      	
               

            	
              (h)

            	
              after-tax
                rollover contributions (and earnings thereon) shall be credited to
                the
                After-tax Rollover Subaccount; and

            

    

     

    
      	
               

            	
              (i)

            	
              pre-tax
                rollover contributions (and earnings thereon) shall be credited to
                the
                Pre-Tax Rollover Subaccount.

            

    

     

     

    
      
        
        

      

      
        46

        
          

        

      

      
        Index

      

    

     

    

    ARTICLE
      15

     

    STATEMENT
      OF ACCOUNT

    
       

      
        
          15.1           Periodic
            Statements. Each Accountholder shall receive
            a statement periodically, but not less frequently than annually, showing
            the
            value of his interest in each Investment Offering in which he is invested
            as of
            the end of the preceding period.   Such statements shall be
            deemed to be accepted as correct if no written objection shall have been
            made to
            the Trustees within sixty (60) days after the date of rendering.

           

          15.2           Amounts
            Standing to the Credit of a
            Participant. Whenever reference is herein
            made to the amounts standing to the credit of a Participant or Beneficiary,
            or
            to the amounts standing to his credit in the Fund, each such reference
            shall,
            unless otherwise specified, be deemed to include the value of his interest
            in
            each Investment Offering in which he is invested.

        

      

    

     

    

    ARTICLE
      16

     

    COMMUNICATIONS

     

    The
      Plan Administrator, or his
      designated agent, shall prescribe the appropriate methods of communication
      as he
      may deem expedient in the administration of the Shell Provident
      Fund.  No application, designation of beneficiary, notice, direction,
      request or other communication by the Participant or Beneficiary that is
      provided for under the terms of the Regulations shall be valid unless performed
      in the prescribed manner.  Except for such communications specifically
      directed to be sent to other persons or entities under the Regulations, no
      communications concerning the Shell Provident Fund shall be effective for any
      purpose unless provided in the manner prescribed by the Plan Administrator
      and
      received by the Plan Administrator or his designated agent at the time and
      place
      he may designate.

     

    

    ARTICLE
      17

     

    CESSATION
      OF MEMBER COMPANY PARTICIPATION

     

    17.1           Any
      Contributing Company which has joined the Fund may cease to be a participant
      in
      the Fund as provided in the Trust Agreement and thereupon its right and
      obligation to make further contributions to the Fund with respect to periods
      subsequent to the cessation of its participation shall terminate.

     

    17.2           In
      such case, each Member then in the employ of such Contributing Company shall
      be
      relieved of the right and the obligation to make further Member Contributions
      to
      the Fund; but the amount standing to the credit of such Member shall be paid
      to
      him or his Beneficiary after the termination of service as provided in these
      Regulations, or earlier, as determined by the Trustees in accordance with the
      Trust Agreement.

     

    

    ARTICLE
      18

     

    AMENDMENTS
      TO TRUST AGREEMENT AND REGULATIONS

     

    18.1           Subject
      to limitations therein, the Trust Agreement and these Regulations may be amended
      by Shell Oil Company upon notification in writing to the
      Trustees.  Such an amendment may be substantial and may be retroactive
      in effect but shall not reduce the amount then standing to the credit of any
      Member nor, except as permitted by Treasury Regulations, shall any such
      amendment eliminate an optional form of benefit with respect to benefits
      attributable to service before any such amendment.  In amending the
      Trust Agreement and the Regulations, Shell Oil Company shall act through its
      Board of Directors or such person or persons as have been directly or indirectly
      delegated the authority of the Board to so act on behalf of Shell Oil
      Company.  Notice to the chairman of the Trustees or to the secretary
      shall constitute notification to all of the Trustees.

     

    18.2           Written
      notice of any material amendment shall be provided to all Members.

     

     

    
      
        
        

      

      
        47

        
          

        

      

      
        Index

      

    

     

    

    ARTICLE
      19

     

    MEMBER’S
      NONFORFEITABLE INTEREST

     

    19.1           Except
      as set forth in Schedule D to the Regulations, each Member and each
      Beneficiary shall have, at all times, a nonforfeitable interest in the amount
      standing to his credit in the Fund.  No Member or Beneficiary shall
      have any right to receipt of the amount standing to his credit in the Fund,
      except according to the provisions of the Trust Agreement and these
      Regulations.

     

    19.2           If
      the Plan Administrator cannot ascertain the whereabouts of any Member or
      Beneficiary to whom a payment is due, the Plan Administrator may, after
      reasonable efforts have been exercised to locate such Participant or
      Beneficiary, direct that the payment and all remaining payments otherwise due
      to
      the payee be canceled on the records of the Fund and the amount thereof applied
      as a forfeiture in accordance with Section 6.5 of the
      Regulations.  If the Participant or Beneficiary later notifies the
      Plan Administrator of his whereabouts, Shell Oil Company or such other
      Contributing Company as the Plan Administrator shall designate shall contribute
      to the Fund an amount equal to the payment to be paid to the payee as soon
      as
      administratively feasible.

     

    

    ARTICLE
      20

     

    CLAIMS
      PROCEDURE

     

    
      
        
          20.1           Claim
            for Benefits. Any claim for benefits under
            the Fund shall be made in writing and submitted to the Plan
            Administrator.  The Plan Administrator shall reach a decision as soon
            as reasonable under the circumstances and notify the claimant, or his
            duly
            authorized representative, thereof promptly in writing by mail addressed
            to the
            last known address of the claimant or such representative, as the case
            may be,
            appearing on the records of the Plan Administrator.  Such notice shall
            be furnished within 90 days after the Plan Administrator receives the
            claim,
            unless the Plan Administrator determines that special circumstances require
            an
            extension of time for processing the claim, in which case the Plan Administrator
            shall have up to an additional 90 days to respond provided he gives notice
            of
            the extension, the reasons therefor, and the expected date of response
            to the
            claimant prior to the end of the initial 90-day period.  If the claim
            is denied, in whole or part, the notice thereof shall be by certified
            mail,
            return receipt requested, and shall set forth, in a manner reasonably
            calculated
            to be understood by the claimant,

        

      

    

     

    
      	
               

            	
              (a)

            	
              the
                specific reason or reasons for the
                denial;

            

    

     

    
      	
               

            	
              (b)

            	
              specific
                reference to pertinent Fund provisions on which the denial is
                based;

            

    

     

    
      	
               

            	
              (c)

            	
              a
                description of any additional material or information to be submitted
                by
                the claimant in order to perfect his claim and an explanation of
                why such
                material or information is necessary;
                and

            

    

     

    
      	
               

            	
              (d)

            	
              an
                explanation of the Fund’s claim review procedure and the time limits
                applicable thereto, including a statement of the claimant’s right to bring
                a civil lawsuit under ERISA if the claim is denied on
                review.

            

    

     

    
      
        
          20.2           Appeals. In
            the event of the denial of a claim by the Plan Administrator, in whole
            or in
            part, the claimant or his duly authorized representative may, within
            the period
            ending ninety (90) days from the date of receipt of the
            denial,

        

      

    

     

    
      	
               

            	
              (a)

            	
              request
                a review of the claim, by filing a written application with the Trustees
                or a committee thereof;

            

    

     

     

    
      
        
        

      

      
        48

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (b)

            	
              upon
                request, review pertinent documents, records, and other information
                and
                obtain copies free of charge; and

            

    

     

    
      	
               

            	
              (c)

            	
              submit
                comments, documents, records, and other information relating to the
                claim
                in writing.

            

    

     

    For
      this
      purpose, documents, records, and other information are “pertinent” if they were
      relied upon in making the determination on the claim or if they were submitted,
      considered, or generated in the course of making the benefit
      determination.

     

    20.3           Review
      Board. The Trustees or a committee thereof
      shall constitute the review board, which shall fully review such request, review
      all comments, documents, records, and other information submitted by the
      claimant relating to the claim, without regard to whether such information
      was
      submitted or considered in the initial benefit determination, hold any hearing
      deemed appropriate by such review board, and notify the claimant or his duly
      authorized representative, of the decision in writing as soon as practicable,
      but in no event later than sixty (60) days after receipt of the written request
      for review; provided, however, if a hearing is requested or if the
      Trustees determine that special circumstances exist, the Trustees shall have
      up
      to an additional sixty (60) days to respond provided that they give notice
      of
      the extension, the reasons therefor, and the expected date of response to the
      claimant prior to the end of the initial 60-day
      period.  Notwithstanding the foregoing, if the Trustees have regularly
      scheduled quarterly meetings, their response date shall be up to five (5) days
      after the next regularly scheduled meeting which comes at least thirty (30)
      days
      after their receipt of the request for review.  This response date may
      be extended if required by special circumstances, but in no event shall the
      Trustees respond later than five (5) days following the third regularly
      scheduled meeting after the receipt of the request for review.  In the
      event the review board confirms the denial of the claim for benefits, in whole
      or in part, the notice of denial shall set forth, in a manner reasonably
      calculated to be understood by the claimant, the specific reasons for the
      decision; reference to the specific Plan provisions on which the decision is
      based; the claimant’s right to receive, upon request and without charge,
      reasonable access to, and copies of, all documents, records and other
      information pertinent to the claim; and the claimant’s right to bring a civil
      action under ERISA.

     

    20.4           Extension
      for Providing Necessary Information. In the
      event the Plan Administrator or the Trustees extend the time for response to
      a
      claim due to the claimant’s failure to provide information necessary to decide
      the claim, the period for the benefit determination shall be tolled from the
      date notice of the extension is sent to the claimant until the claimant responds
      to the request for additional information.

     

    20.5           Validating
      Representative of Claimant. The Plan
      Administrator may implement reasonable procedures for ensuring that an
      individual has been authorized to act on behalf of a claimant.

     

    20.6           Mandatory
      Use of Claims Procedure; Waiver of
      Claims. The use of the claims procedure of
      this Article is mandatory in pursuing claims for benefits.  Except as
      otherwise provided, failure to file a claim by the end of the Plan Year
      following the Plan Year in which the individual knew or should have known of
      the
      claim shall constitute an irrevocable waiver of the claim unless it shall be
      shown not to have been reasonably possible to furnish proof of the claim within
      the specified time period, and that proof was furnished as soon as was
      reasonably possible, in which case failure to furnish proof within the time
      specified shall not invalidate nor reduce the claim.  Failure to raise
      issues or present evidence at any stage in the claims procedure shall preclude
      those issues or evidence from being presented in a judicial review of the
      claim.  If any time limitation or other restriction set forth in the
      Plan with respect to the filing of a claim or bringing of an action at law
      or in
      equity is more restrictive than that permitted by ERISA, such limitation or
      restriction is hereby reformed to agree with the minimum period permitted by
      such law.

     

    20.7           Plan
      Administrator. For purposes of this Article
      20, the term Plan Administrator shall not include agents of the Plan
      Administrator.

     

    

    
      
        
        

      

      
        49

        
          

        

      

      
        Index

      

    

     

     

    ARTICLE
      21

     

    PLAN
      ADMINISTRATOR - APPOINTMENT & DUTIES

     

    21.1           Trustees
      and Plan Administrator. The Fund shall be
      administered by the Trustees and a Plan Administrator.  The Plan
      Administrator may be such entity or entities or person or persons as may be
      appointed by the Trustees.  The Plan Administrator may or may not be
      the Company, or a Member, or an Employee of Shell Oil Company and may or may
      not
      be a member of a group of individuals serving as Trustees under the
      Fund.  The Trustees may at any time remove or replace the Plan
      Administrator.  The Plan Administrator shall serve without
      compensation from the Fund.  However, the expenses of the Plan
      Administrator, including attorneys’ fees and other costs incurred by it in the
      prosecution or defense of any legal action or proceeding regarding the Fund
      or
      the administration thereof to which the Plan Administrator may be a party in
      interest, shall be paid from the Fund unless the Plan Administrator shall be
      finally adjudged in such action, suit, or proceeding to have been guilty of
      fraud or willful misconduct in the performance of his
      duties.  Notwithstanding the preceding sentence, Shell Oil Company
      shall be responsible for the aforementioned expenses where Shell Oil Company
      has
      entered into a contractual obligation prior to the incursion of those
      expenses.

     

    21.2           Allocation
      of Fiduciary Responsibilities. If more than
      one individual or entity is appointed Plan Administrator, the Trustees may
      allocate some or all of the responsibilities of the Plan Administrator to each
      individual or entity so appointed, and each such individual or entity shall
      be
      responsible only for the duties allocated to it and any duties of the Plan
      Administrator which are not allocated.  If more than one individual or
      entity is appointed Plan Administrator and the Trustees do not allocate Plan
      Administrator responsibilities to the individuals or entities so appointed,
      the
      individuals or entities appointed Plan Administrator may, by executing a written
      instrument, allocate some or all of the responsibilities of the Plan
      Administrator among themselves as indicated in such written instrument and
      each
      individual or entity shall be responsible only for the duties allocated to
      it
      and any duties which are not allocated.  To the extent the
      responsibilities of the Plan Administrator are not allocated pursuant to this
      Section 21.2 to the individuals or entities appointed as Plan
      Administrator, the action of the Plan Administrator shall be taken by majority
      vote, or if less than three individuals or entities are appointed Plan
      Administrator, by unanimous consent.  The Plan Administrator may
      designate persons or entities other than the Plan Administrator to perform
      some
      or all of the responsibilities of the Plan Administrator.

     

    21.3           Powers
      and Duties of the Plan Administrator. The
      Plan Administrator shall have the following powers and duties in addition to
      those stated elsewhere in the Regulations:

     

    
      	
               

            	
              (a)

            	
              To
                prescribe such procedures, rules, and regulations as it shall deem
                necessary or proper for the efficient administration of the
                Fund;

            

    

     

    
      	
               

            	
              (b)

            	
              To
                determine all questions arising in its administration of the Fund,
                including the power to determine the rights of any Participants or
                Beneficiaries and to determine, without limitation, all questions
                of
                eligibility pursuant to the claims procedure stated
                herein;

            

    

     

    
      	
               

            	
              (c)

            	
              To
                enforce the Fund in accordance with its terms and with the rules,
                regulations, and procedures prescribed by the Plan Administrator,
                and to
                consider and interpret the Regulations and Trust Agreement and settle
                and
                discharge disputes arising
                thereunder;

            

    

     

    
      	
               

            	
              (d)

            	
              To
                determine the fair market value of assets of the Fund as often as
                required
                by these Regulations and at least annually; to keep the books and
                records
                of the Fund and to do all the clerical, bookkeeping, and accounting
                work
                in connection with the management and administration of the Fund;
                and to
                furnish to each Participant and Beneficiary, who is an Accountholder,
                within a reasonable time after the close of each Fund Year a statement
                of
                the amount standing to his credit in the
                Fund;

            

    

     

    
      	
               

            	
              (e)

            	
              To
                prepare and distribute all reports required by law or the
                Fund;

            

    

     

    
      	
               

            	
              (f)

            	
              To
                prepare and distribute, as required by law and in such manner as
                the Plan
                Administrator may determine to be appropriate, information concerning
                the
                Fund; and

            

    

     

     

    
      
        
        

      

      
        50

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (g)

            	
              To
                employ such agents, attorneys, accountants, and other individuals
                as
                deemed necessary or advisable for the administration of the
                Fund.  The Plan Administrator shall consider the records of the
                Contributing Companies and Affiliated Companies as conclusive evidence
                in
                making determinations concerning eligibility or benefits under the
                Fund
                except in unusual circumstances.

            

    

     

    21.4           No
      Bond Required. No bond or other security
      shall be required of the Plan Administrator for the faithful performance of
      its
      duties hereunder, except as may be required by ERISA and the Code or by any
      other state or federal law or regulations.

     

    21.5           Delegation
      of Authorities. Further, it is the intent of
      these Regulations that the Plan Administrator be able to delegate certain
      ministerial functions within the framework of policies, interpretations, rules,
      practices, and procedures set by such Plan Administrator without delegating
      any
      power to the appointee to make any decisions as to such.  Following
      are the types of administrative functions intended to be covered by this
      delegation:

     

    
      	
               

            	
              (a)

            	
              Application
                of rules determining eligibility for participation or
                benefits;

            

    

     

    
      	
               

            	
              (b)

            	
              Calculation
                of service for participation and Compensation for
                benefits;

            

    

     

    
      	
               

            	
              (c)

            	
              Preparation
                of Participant and Beneficiary communications
                material;

            

    

     

    
      	
               

            	
              (d)

            	
              Maintenance
                of Employees’ service and employment
                records;

            

    

     

    
      	
               

            	
              (e)

            	
              Preparation
                of reports required by government
                agencies;

            

    

     

    
      	
               

            	
              (f)

            	
              Calculation
                of benefits;

            

    

     

    
      	
               

            	
              (g)

            	
              Orientation
                of new Employees and advising Participants and Beneficiaries of their
                rights and options under the Fund;

            

    

     

    
      	
               

            	
              (h)

            	
              Collection
                of Member Contributions and Company Contributions and applications
                of such
                Contributions as provided in the Fund (if
                any);

            

    

     

    
      	
               

            	
              (i)

            	
              Preparation
                of reports concerning benefits of Members and
                Beneficiaries;

            

    

     

    
      	
               

            	
              (j)

            	
              Processing
                of claims; and

            

    

     

    
      	
               

            	
              (k)

            	
              Making
                recommendations to others for decisions with respect to plan
                administration.

            

    

     

    21.6           Authorities
      and Responsibilities of Shell Oil
      Company. Shell Oil Company shall have the
      authority and responsibility for: (a) amending the Fund in accordance with
      Article 18 hereof; (b) designating the Trustees; and (c) the exercise
      of all non-delegable, non-allocable, fiduciary functions provided in the Fund
      or
      Trust Agreement required by law and necessary to the operation of the
      Fund.

     

    21.7           Authorities
      and Responsibilities of the Trustees. For a
      statement of the powers and responsibilities of the Trustees, reference is
      made
      to the Trust Agreement.  In case of any conflict or inconsistency
      between the Trust Agreement and these Regulations, the former shall govern
      as to
      everything except as to ministerial functions set forth above.

     

     

    
      
        
        

      

      
        51

        
          

        

      

      
        Index

      

    

     

     

    ARTICLE
      22

     

    TOP-HEAVY
      RULES

     

    22.1           Operation
      of Article. The requirements of this Article
      shall become operative only during a Plan Year beginning after December 31,
      1983, for which the Plan should become Top-Heavy.  In addition, for
      Plan Years beginning after December 31, 2001, the provisions of Section 22.5
      shall apply.

     

    22.2           Determination
      of Top-Heavy Status.

     

    (a)           The
      Plan is Top-Heavy with respect to any Plan Year if, as of the Determination
      Date
      applicable to such year, (1) the ratio of the aggregate of Accounts of
      Members who are Key Employees to the aggregate of Accounts of all Members
      exceeds 60%, or (2) the Plan is part of a Required Aggregation Group which
      is Top-Heavy.  Notwithstanding anything to the contrary, the Plan
      shall not be considered Top-Heavy for any Plan Year in which the Plan is a
      part
      of a Permissive Aggregation Group which is not Top-Heavy.

     

    (b)           For
      purposes of testing for Top-Heavy status, (1) the Accounts and the present
      value of cumulative accrued benefits shall be determined as of the Valuation
      Date applicable to the Determination Date; (2) individuals who have not
      been employed by a Contributing Company at any time within the last five years
      shall not be included; and (3) the provisions of Section 416 of the
      Code and the Treasury Regulations thereunder shall be applied.

     

    22.3           Annual
      Compensation Limit. Compensation of any
      Member in excess of the Annual Compensation Limit shall not be taken into
      account.

     

    22.4           Top-Heavy
      Contribution. In the event that contributions
      by a Contributing Company to the Fund during the Plan Year on behalf of a Member
      who is a Non-Key Employee are less than three percent (3%) of such Member’s
      415 Compensation and provided that such Member has not separated from the
      service of the Employing Company on the last day of such Plan Year, the
      Employing Company shall contribute an amount equal to the difference between
      three percent (3%) of such Member’s 415 Compensation, and the
      contributions by a Contributing Company which have been paid to the Fund on
      behalf of such Member for the Plan Year.

     

    22.5           Modification
      of Top-Heavy Rules.

     

    (a)           This
      Section 22.5 shall apply for purposes of determining whether the Plan is a
      Top-Heavy plan under Section 416(g) of the Code for Plan Years beginning
      after December 31, 2001, and whether the Plan satisfies the minimum
      benefits requirements of Section 416(c) of the Code for such Plan
      Years.  This Section 22.5 amends the preceding provisions of this
      Article.

     

    (b)           This
      Section 22.5(b) shall apply for purposes of determining the present values
      of
      accrued benefits and the amounts of Account balances of Employees as of the
      Determination Date.

     

               (1)           The
      present values of accrued benefits and the amounts of Account balances of an
      Employee as of the Determination Date shall be increased by the distributions
      made with respect to the Employee under the Fund and any plan aggregated with
      the Fund under Section 416(g)(2) of the Code during the one-year period
      ending on the Determination Date.  The preceding sentence shall also
      apply to distributions under a terminated plan which, had it not been
      terminated, would have been aggregated with the Fund under
      Section 416(g)(2)(A)(i) of the Code.  In the case of a
      distribution made for a reason other than severance from employment, death,
      or
      disability, this provision shall be applied by substituting 5-year period for
      1-year period.

     

               (2)           Employees
      not performing services during the Plan Year ending on the Determination
      Date.  The accrued benefits and accounts of any individual who has not
      performed services for the Employer during the 1-year period ending on the
      Determination Date shall not be taken into account.

     

     

    
      
        
        

      

      
        52

        
          

        

      

      
        Index

      

    

     

     

    ARTICLE
      23

     

    NONDISCRIMINATION
      TEST FOR MEMBER CONTRIBUTIONS

     

    23.1           ADP
      Limit.

     

    (a)           The
      Average Actual Deferral Percentage for Eligible Employees who are Highly
      Compensated Employees for the Plan Year shall not exceed the greater
      of:

     

    
      	
               

            	
              (1)

            	
              the
                Average Actual Deferral Percentage for Eligible Employees who are
                Nonhighly Compensated Employees for the Plan Year multiplied by
                1.25;  or

            

    

     

    
      	
               

            	
              (2)

            	
              the
                lesser of: (A) the Average Actual Deferral Percentage for Eligible
                Employees who are Nonhighly Compensated Employees for the Plan Year
                multiplied by 2.00; or (B) the Average Actual Deferral Percentage
                for
                Eligible Employees who are Nonhighly Compensated Employees for the
                Plan
                Year plus 2 percentage points.

            

    

     

    (b)           The
      Actual Deferral Percentage for any Eligible Employee who is a Highly Compensated
      Employee for the Plan Year and who is eligible to participate in two or more
      plans of the Employer to which elective deferrals are made, shall be determined
      by aggregating all such elective deferrals on behalf of such Highly Compensated
      Employee.  If two or more plans of the Employer are permissively
      aggregated for purposes of Section 401(k) of the Code, the aggregated plans
      must
      also satisfy Section 401(a)(4) and 410(b) of the Code as though they were a
      single plan.  If one or more plans of an Employer are aggregated with
      the Fund for purposes of satisfying the requirements of Section 401(a)(4)
      or 410(b) of the Code, the Actual Deferral Percentages under the Fund shall
      be
      calculated as if the Fund and such one or more other plans were a single
      plan.

     

    (c)           For
      purposes of applying the ADP Limit, Testing Compensation shall be computed
      on an
      entire Plan Year basis and with reference to the current Plan Year at the time
      the ADP Limit is applied. Reductions and increases made to satisfy such limit
      shall not affect persons who are not then Eligible Employees. Where limits
      are
      computed prior to the end of a Plan Year, the Plan Administrator may estimate
      or
      project Testing Compensation. The Plan Administrator may elect to include in
      a
      person’s Testing Compensation only Compensation received while such person was
      an Eligible Employee, provided the election is applied uniformly to all Eligible
      Employees for the Plan Year.

     

    (d)           Except
      for purposes of determining Highly Compensated Employees and Nonhighly
      Compensated Employees, the portion of the Fund that benefits Employees who
      are
      included in a unit of employees covered by a collective bargaining agreement
      is
      treated as a separate plan from the portion of the Fund that benefits Employees
      who are not so covered.

     

    23.2           Reduction
      of Member Pre-Tax Contributions to Comply with ADP
      Limit.

     

    (a)           The
      Plan Administrator shall monitor the amount of Member Pre-Tax Contributions
      and
      shall effect whatever prospective reductions to the Actual Deferral Percentages
      of the Highly Compensated Employees are necessary or advisable to comply with
      the ADP Limit.

     

    (b)           If
      the Plan Administrator prospectively reduces the Actual Deferral Percentages
      of
      Highly Compensated Employees, he shall do so in the order of their Actual
      Deferral Percentages beginning with the highest of such percentages. If the
      Plan
      Administrator determines that the reduction in effect is no longer necessary
      or
      advisable, he may increase the Actual Deferral Percentages of all Highly
      Compensated Employees who had their Actual Deferral Percentages reduced, in
      the
      reverse order of their Actual Deferral Percentages beginning with the lowest
      of
      such percentages and continuing until the original Actual Deferral Percentages
      of all such Highly Compensated Employees have been restored or until he
      determines that no further increases are advisable, whichever occurs first.
      All
      reductions or increases of Actual Deferral Percentages hereunder shall be in
      multiples of 1%.  Member Pre-Tax Contributions of such Highly
      Compensated Employees may be reduced to zero.

     

     

    
      
        
        

      

      
        53

        
          

        

      

      
        Index

      

    

     

     

    (c)           When
      reducing or increasing the Actual Deferral Percentages of Highly Compensated
      Employees, the Plan Administrator shall treat all such Highly Compensated
      Employees having the same Actual Deferral Percentages in effect in the same
      manner.

     

    (d)           Any
      action taken by the Plan Administrator under this Section 23.2 may be taken
      without the consent of, or prior notice to, the affected Members, but such
      Members shall be promptly informed in writing of the Plan Administrator’s
      action.

     

    23.3           Distribution
      of Excess Contributions.

     

    (a)           The
      determination of whether or not Excess Contributions exist shall be made after
      reductions, if any, under Section 23.2.

     

    (b)           Excess
      Contributions, and any income allocable thereto, shall be distributed after
      the
      Plan Year in which the Excess Contributions arose and no later than March 15
      of
      the following Plan Year to Highly Compensated Employees to whose Accounts Excess
      Contributions were made.

     

    (c)           A
      distribution of Excess Contributions and income shall be made without the
      consent of the Participant or the spouse of the Participant.

     

    (d)           The
      total amount of Excess Contributions for the Highly Compensated Employees for
      a
      Plan Year is determined as follows: Highly Compensated Employees with the
      largest Actual Deferral Percentage shall be identified and a determination
      shall
      be made as to how much their Actual Deferral Percentage must be reduced so
      that
      the Fund would satisfy the ADP Limit or such Highly Compensated Employees’
Actual Deferral Percentage will be reduced to equal the Actual Deferral
      Percentage of the Highly Compensated Employees with the next highest Actual
      Deferral Percentage. The procedure described in the preceding sentence shall
      be
      repeated until the Fund would satisfy the ADP Limit.

     

    (e)           The
      total amount of Excess Contributions for the Highly Compensated Employees for
      a
      Plan Year shall be distributed as follows:  The Member Pre-Tax
      Contributions of the Highly Compensated Employees with the highest dollar amount
      shall be reduced by the amount required to cause their Member Pre-Tax
      Contributions to equal the lesser of (1) the dollar amount of the Member Pre-Tax
      Contributions of the Highly Compensated Employees with the next highest dollar
      amount of Member Pre-Tax Contributions, or (2) the amount that, when added
      to
      the total dollar amount already distributed under this process, would equal
      the
      total amount of Excess Contributions.  This amount along with
      allocable income determined under Section 23.3(f) shall be distributed to
      the Highly Compensated Employees for which a reduction was
      applied.  The procedure described in the preceding sentence shall be
      repeated until the Fund distributes the total Excess Contributions of the Highly
      Compensated Employees, thereby satisfying the ADP Limit.

     

    (f)           The
      income allocable to Excess Contributions for the Plan Year in which such Excess
      Contributions arose and for the period between the end of such Plan Year and
      the
      date of distribution, shall be determined in accordance with Department of
      Treasury Regulations 1.401(k)-2.

     

    (g)           The
      Excess Contributions for the Plan Year which would otherwise be distributed
      to
      the Participant shall be reduced, in accordance with Department of Treasury
      Regulations, by the Excess Deferral Amounts previously distributed to the
      Participant for the taxable year ending in that Plan Year.

     

    23.4           ACP
      Limit.

     

    (a)           The
      Average Actual Contribution Percentage for Eligible Employees who are Highly
      Compensated Employees for the Plan Year shall not exceed the greater
      of:

     

    
      	
               

            	
              (1)

            	
              the
                Average Actual Contribution Percentage for Eligible Employees who
                are
                Nonhighly Compensated Employees for the Plan Year multiplied by 1.25;
                or

            

    

     

     

    
      
        
        

      

      
        54

        
          

        

      

      
        Index

      

    

     

    
      	
               

            	
              (2)

            	
              the
                lesser of: (A) the Average Actual Contribution Percentage for Eligible
                Employees who are Nonhighly Compensated Employees for the Plan Year
                multiplied by 2.00; or (B) the Average Actual Contribution Percentage
                for
                Eligible Employees who are Nonhighly Compensated Employees for the
                Plan
                Year plus 2 percentage points.

            

    

     

    (b)           The
      Actual Contribution Percentage for any Eligible Employee who is a Highly
      Compensated Employee for the Plan Year and who is eligible to participate in
      two
      or more plans of the Employer to which matching employer contributions, employee
      after-tax contributions, or both, are made, shall be determined by aggregating
      all such contributions on behalf of such Highly Compensated
      Employee.  If two or more plans of the Employer are permissively
      aggregated for purposes of Section 401(m) of the Code, the aggregated plans
      must
      also satisfy Section 401(a)(4) and 410(b) of the Code as though they were a
      single plan.  If one or more plans of an Employer are aggregated with
      the Fund for purposes of satisfying the requirements of Section 401(a)(4)
      or 410(b) of the Code, the Actual Contribution Percentages under the Fund shall
      be calculated as if the Fund and such one or more other plans were a single
      plan.

     

    (c)           For
      purposes of applying the ACP Limit, Testing Compensation shall be computed
      on an
      entire Plan Year basis and Testing Compensation shall be with reference to
      the
      current Plan Year at the time the ACP Limit is applied.  Reductions
      and increases made to satisfy such limits shall not affect persons who are
      not
      then Eligible Employees.  Where limits are computed prior to the end
      of a Plan Year, the Plan Administrator may estimate or project Testing
      Compensation.  The Plan Administrator may elect to include in a
      person’s Testing Compensation only compensation received while such person was
      an Eligible Employee, provided the election is applied uniformly to all Eligible
      Employees for the Plan Year.

     

    (d)           Except
      for purposes of determining Highly Compensated Employees and Nonhighly
      Compensated Employees, the portion of the Fund that benefits Employees who
      are
      included in a unit of employees covered by a collective bargaining agreement
      is
      treated as a separate plan from the portion of the Fund that benefits Employees
      who are not so covered.

     

    23.5           Reduction
      of Member After-Tax Contributions to Comply with ACP
      Limit.

     

    (a)           The
      Plan Administrator shall monitor the amount of Member After-Tax Contributions
      and shall effect whatever prospective reductions to the Actual Contribution
      Percentages of the Highly Compensated Employees are necessary or advisable
      to
      comply with the ACP Limit.

     

    (b)           If
      the Plan Administrator prospectively reduces the Actual Contribution Percentages
      of Highly Compensated Employees, he shall do so in the order of their Actual
      Contribution Percentages beginning with the highest of such
      percentages.  If the Plan Administrator determines that the reduction
      in effect is no longer necessary or advisable, he may increase the Actual
      Contribution Percentages of all Highly Compensated Employees who had their
      Actual Contribution Percentages reduced, in the reverse order of their Actual
      Contribution Percentages beginning with the lowest of such percentages and
      continuing until the original Actual Contribution Percentages of all such Highly
      Compensated Employees have been restored or until he determines that no further
      increases are advisable, whichever occurs first.  All reductions or
      increases of Actual Contribution Percentages hereunder shall be in multiples
      of
      1%.  Member After-Tax Contributions of such Highly Compensated
      Employees may be reduced to zero.

     

    (c)           When
      reducing or increasing the Actual Contribution Percentages of Highly Compensated
      Employees, the Plan Administrator shall treat all Highly Compensated Employees
      having the same Actual Contribution Percentages in effect in the same
      manner.

     

    (d)           Any
      action taken by the Plan Administrator under this Section 23.5 may be taken
      without the consent of, or prior notice to, the affected Members, but such
      Members shall be promptly informed in writing of the Plan Administrator’s
      action.

     

     

    
      
        
        

      

      
        55

        
          

        

      

      
        Index

      

    

     

     

    23.6           Distribution
      of Excess Aggregate Contributions.

     

    (a)           The
      determination of whether or not Excess Aggregate Contributions exist shall
      be
      made after reductions, if any, under Section 23.5.

     

    (b)           Excess
      Aggregate Contributions, and any income allocable thereto, shall be distributed
      after the Plan Year in which the Excess Aggregate Contributions arose and no
      later than March 15 of the following Plan Year to Highly Compensated Employees
      to whose Accounts Excess Aggregate Contributions were made.

     

    (c)           A
      distribution of Excess Aggregate Contributions and income shall be made without
      the consent of the Participant or the spouse of the Participant.

     

    (d)           The
      total amount of Excess Aggregate Contributions for the Highly Compensated
      Employees for a Plan Year is determined as follows: Highly Compensated Employees
      with the largest Actual Contribution Percentage shall be identified and a
      determination shall be made as to how much their Actual Contribution Percentage
      must be reduced so that the Fund would satisfy the ACP Limit or such Highly
      Compensated Employees’ Actual Contribution Percentage will be reduced to equal
      the Actual Contribution Percentage of the Highly Compensated Employees with
      the
      next highest Actual Contribution Percentage. The procedure described in the
      preceding sentence shall be repeated until the Fund would satisfy the ACP
      Limit.

     

    (e)           The
      total amount of Excess Aggregate Contributions for the Highly Compensated
      Employees for a Plan Year shall be distributed as follows:  The Member
      After-Tax Contributions of the Highly Compensated Employees with the highest
      dollar amount shall be reduced by the amount required to cause their Member
      After-Tax Contributions to equal the lesser of (1) the dollar amount of the
      Member After-Tax Contributions of the Highly Compensated Employees with the
      next
      highest dollar amount of Member After-Tax Contributions, or (2) the amount
      that,
      when added to the total dollar amount already distributed under this process,
      would equal the total amount of Excess Aggregate Contributions.  This
      amount along with allocable income determined under Section 23.6(f) shall be
      distributed to the Highly Compensated Employees for which a reduction was
      applied.  The procedure described in the preceding sentence shall be
      repeated until the Fund distributes the total Excess Aggregate Contributions
      of
      the Highly Compensated Employees, thereby satisfying the ACP Limit.

     

    (f)           The
      income allocable to Excess Aggregate Contributions for the Plan Year in which
      such Excess Aggregate Contributions arose and for the period between the end
      of
      such Plan Year and the date of distribution, shall be determined in accordance
      with Department of Treasury Regulation Section 1.401(m)-2.

     

    23.7           General
      401(a)(4) Test. Where it has been determined
      by Shell Oil Company that Company Contributions do not satisfy the
      nondiscrimination requirements of Section 401(a)(4) of the Code and
      regulations issued thereunder for a Tested Plan Year, additional Company
      Contributions may be made until Company Contributions satisfy such
      requirements.  Where additional Company Contributions are credited to
      a Member’s Account pursuant to this Section 23.7, earnings shall be credited at
      the greater of zero percent or the actual positive rate of return on the
      Member’s Account for each of the Tested Plan Year and any subsequent Plan Year
      or any portion thereof in which the additional Company Contribution is
      made.  Any such additional Company Contributions, and any earnings
      thereon, shall be provided only for individuals who:

     

    
      	
               

            	
              (a)

            	
              are
                Nonhighly Compensated Employees for such Tested Plan
                Year,

            

    

     

    
      	
               

            	
              (b)

            	
              are
                Employees at the time such additional Company Contributions are
                made,

            

    

     

    
      	
               

            	
              (c)

            	
              are
                in a Relevant Rate Group,

            

    

     

    
      	
               

            	
              (d)

            	
              have
                the highest equivalent accrual rates of Nonhighly Compensated Employees,
                as determined by Shell Oil Company when testing the Fund for such
                Tested
                Plan Year under Treasury Regulations Section 1.401(a)(4)-8, in the
                order of such rates beginning with the highest,
                and

            

    

     

     

    
      
        
        

      

      
        56

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (e)

            	
              also
                have the highest performance code in such Relevant Rate Group at
                the time
                such additional Company Contributions are made, in order of such
                performance codes beginning with the highest, effective for a Tested
                Plan
                Year commencing on or after January 1, 2001, where the conditions set
                forth in subparagraphs (a) through (d) above result in an over-inclusion
                of Employees eligible for any additional Company
                Contributions.

            

    

     

    

    ARTICLE
      24

     

    MILITARY
      SERVICE

     

    
      	
               

            	
                        Notwithstanding
                any
                provision of these Regulations to the contrary, contributions, benefits
                and service credit with respect to qualified military service will
                be
                provided in accordance with Section 414(u) of the
                Code.

            

    

     

    

    ARTICLE
      25

     

    MINIMUM
      DISTRIBUTION REQUIREMENTS

     

    25.1           General
      Rules.

     

    (a)           The
      provisions of this Article will apply for purposes of making required minimum
      distributions on and after January 1, 2003.

     

    (b)           The
      requirements of this Article will take precedence over any inconsistent
      provisions of these Regulations.

     

    (c)           All
      distributions required under this Article will be determined and made in
      accordance with the Treasury Regulations under Section 401(a)(9) of the
      Code.

     

    (d)           Notwithstanding
      the other provisions of this Article , distributions may be made under a
      designation made before January 1, 1984, in accordance with
      Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA)
      and the provisions of the Regulations that relate to Section 242(b)(2) of
      TEFRA.

     

    25.2           Time
      and Manner of Distribution.

     

    (a)           A
      Member’s entire interest will be distributed, or begin to be distributed, to
      such Member no later than the Member’s Required Beginning Date.

     

    (b)           If
      the Member dies before distributions begin, the Member’s entire interest will be
      distributed, or begin to be distributed, no later than as follows:

     

    (1)           If
      the Member’s surviving spouse is the Member’s sole Designated Beneficiary, then,
      except as provided in Section 25.6, distributions to the surviving spouse will
      begin by December 31 of the calendar year immediately following the calendar
      year in which the Member died, or by December 31 of the calendar year in which
      the Member would have attained age 70 1/2, if later.

     

    (2)           If
      the Member’s surviving spouse is not the Member’s sole Designated Beneficiary,
      then, except as provided in Section 25.6, distributions to the Designated
      Beneficiary will begin by December 31 of the calendar year immediately following
      the calendar year in which the Member died.

     

     

    
      
        
        

      

      
        57

        
          

        

      

      
        Index

      

    

     

     

    (3)           If
      there is no Designated Beneficiary as of September 30 of the year following
      the
      year of the Member’s death, the Member’s entire interest will be distributed by
      December 31 of the calendar year containing the fifth anniversary of the
      Member’s death.

     

    (4)           If
      the Member’s surviving spouse is the Member’s sole Designated Beneficiary and
      the surviving spouse dies after the Member but before distributions to the
      surviving spouse begin, Section 25.2(b), other than
      Section 25.2(b)(1), will apply as if the surviving spouse were the
      Member.

     

    For
      purposes of this Section 25.2(b) and Section 25.4, unless
      Section 25.2(b)(4) applies, distributions are considered to begin on the
      Member’s Required Beginning Date.  If Section 25.2(b)(4) applies,
      distributions are considered to begin on the date distributions are required
      to
      begin to the surviving spouse under Section 25.2(b)(1).

     

    (c)           Unless
      the Member’s interest is distributed 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 Section 25.3 and Section 25.4.

     

    25.3           Required
      Minimum Distributions During Member’s Lifetime.

     

    (a)           During
      the Member’s lifetime, the minimum amount that will be distributed for each
      Distribution Calendar Year is the lesser of:

     

    
      	
               

            	
              (1)

            	
              the
                quotient obtained by dividing the Member’s Account Balance by the
                distribution period in the Uniform Lifetime Table set forth in Section
                1.401(a)(9)-9 of the Treasury Regulations, using the Member’s age as of
                the Member’s birthday in the Distribution Calendar Year;
                or

            

    

     

    
      	
               

            	
              (2)

            	
              if
                the Member’s sole Designated Beneficiary for the Distribution Calendar
                Year is the Member’s spouse, the quotient obtained by dividing the
                Member’s Account Balance by the number in the Joint and Last Survivor
                Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations,
                using the Member’s and spouse’s attained ages as of the Member’s and
                spouse’s birthdays in the Distribution Calendar
                Year.

            

    

     

    (b)           Required
      minimum distributions will be determined under this Section 25.3 beginning
      with the first Distribution Calendar Year and up to and including the
      Distribution Calendar Year that includes the Member’s date of
      death.

     

    25.4           Required
      Minimum Distributions After Member’s Death.

     

    (a)           The
      following rules apply in the event death occurs on or after the date
      distributions begin.

     

    (1)           If
      the Member dies on or after 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 Member’s death is the quotient
      obtained by dividing the Member’s Account balance by the longer of the remaining
      Life Expectancy of the Member or the remaining Life Expectancy of the Member’s
      Designated Beneficiary, determined as follows:

     

    (A)           The
      Member’s remaining Life Expectancy is calculated using the age of the Member in
      the year of death, reduced by one for each subsequent year.

     

    (B)           If
      the Member’s surviving spouse is the Member’s sole Designated Beneficiary, the
      remaining Life Expectancy of the surviving spouse is calculated for each
      Distribution Calendar Year after the year of the Member’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.

     

     

    
      
        
        

      

      
        58

        
          

        

      

      
        Index

      

    

     

     

    (C)           If
      the Member’s surviving spouse is not the Member’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 Member’s death,
      reduced by one for each subsequent year.

     

    (2)           No
      Designated Beneficiary. If the Member 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 Member’s death, the minimum amount that will be
      distributed for each Distribution Calendar Year after the year of the Member’s
      death is the quotient obtained by dividing the Member’s Account Balance by the
      Member’s remaining Life Expectancy calculated using the age of the Member in the
      year of death, reduced by one for each subsequent year.

     

    (b)           The
      following rules apply in the event death occurs before the date distributions
      begin.

     

    (1)           If
      the Member 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 Member’s death is the quotient obtained by
      dividing the Member’s Account Balance by the remaining Life Expectancy of the
      Member’s Designated Beneficiary, determined as provided in
      Section 25.4(a).

     

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

     

    (3)           If
      the Member dies before the date distributions begin, the Member’s surviving
      spouse is the Member’s sole Designated Beneficiary, and the surviving spouse
      dies before distributions are required to begin to the surviving spouse under
      Section 25.2(b)(1), this Section 25.4(b) will apply as if the
      surviving spouse were the Member.

     

    25.5           Required
      Minimum Distributions during Distribution Calendar
      Years. The required minimum distribution for
      the Member’s first Distribution Calendar Year will be made on or before the
      Member’s Required Beginning Date. The required minimum distribution for other
      Distribution Calendar Years, including the required minimum distribution for
      the
      Distribution Calendar Year in which the Member’s Required Beginning Date occurs,
      will be made on or before December 31 of that Distribution Calendar
      Year.

     

    25.6           Election
      to Allow Designated Beneficiaries to Elect 5-Year
      Rule. Designated Beneficiaries may elect on
      an individual basis whether the 5-year rule or the life expectancy rule in
      Section 25.2(b) and Section 25.4(b) applies to distributions after the
      death of a Member who has a Designated Beneficiary.  The election must
      be made no later than September 30 of the calendar year in which distribution
      would be required to begin under Section 25.2(b).  If the
      Designated Beneficiary does not make an election under this Section 25.6,
      distributions will be made in accordance with Section 25.2(b) and
      Section 25.4(b).

     

    25.7           Election
      to Allow Designated Beneficiary Receiving Distributions Under the 5-Year Rule
      to
      Elect Life Expectancy Distributions.   A Designated
      Beneficiary may make a new election to receive payments under the life
      expectancy rule until November 1, 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 December 31,
      2003.

     

     

    
      
        
        

      

      
        59

        
          

        

      

      
        Index

      

    

     

     

    

    SCHEDULE
      A

    

    CONTRIBUTING
      COMPANIES

     

    

    

    
      	
               

            	
              SHELL
                OIL COMPANY

            

    

    
      	
               

            	
              CORAL
                ENERGY SERVICES, LLC

            

    

    
      	
               

            	
              CRI
                U.S. LP

            

    

    
      	
               

            	
              EQUILON
                ENTERPRISES LLC d/b/a SHELL OIL PRODUCTS
                US

            

    

    
      	
               

            	
              MOTIVA
                COMPANY

            

    

    
      	
               

            	
              PECTEN
                MIDDLE EAST SERVICES COMPANY
                LIMITED

            

    

    
      	
               

            	
              PECTEN
                OVERSEAS SERVICES COMPANY

            

    

    
      	
               

            	
              PECTEN
                PRODUCING COMPANY

            

    

    
      	
               

            	
              PECTEN
                SERVICES COMPANY

            

    

    
      	
               

            	
              PENNZOIL-QUAKER
                STATE COMPANY d/b/a SOPUS PRODUCTS

            

    

    
      	
               

            	
              SHELL
                AGRICULTURAL CHEMICAL COMPANY

            

    

    
      	
               

            	
              SHELL
                CHEMICAL LP

            

    

    
      	
               

            	
              SHELL
                DOWNSTREAM INC.

            

    

    
      	
               

            	
              SHELL
                ENERGY RESOURCES COMPANY

            

    

    
      	
               

            	
              SHELL
                ENERGY SERVICES COMPANY, L.L.C.

            

    

    
      	
               

            	
              SHELL
                EXPATRIATE EMPLOYMENT US INC.

            

    

    
      	
               

            	
              SHELL
                EXPLORATION & PRODUCTION
                COMPANY

            

    

    
      	
               

            	
              SHELL
                GLOBAL SOLUTIONS (US) INC.

            

    

    
      	
               

            	
              SHELL
                INFORMATION TECHNOLOGY INTERNATIONAL
                INC.

            

    

    
      	
               

            	
              SHELL
                INTERNATIONAL EXPLORATION AND PRODUCTION
                INC.

            

    

    
      	
               

            	
              SHELL
                MARINE PRODUCTS (US) COMPANY

            

    

    
      	
               

            	
              SHELL
                NORTH AMERICA GAS & POWER SERVICES
                COMPANY

            

    

    
      	
               

            	
              SHELL
                OFFSHORE INC.

            

    

    
      	
               

            	
              SHELL
                OIL PRODUCTS COMPANY LLC

            

    

    
      	
               

            	
              SHELL
                PIPELINE COMPANY LP

            

    

    
      	
               

            	
              SHELL
                TECHNOLOGY VENTURES INC.

            

    

    
      	
               

            	
              SHELL
                TRADING GP OVERSEAS SERVICES
                COMPANY

            

    

    
      	
               

            	
              SHELL
                TRADING NORTH AMERICA COMPANY

            

    

    
      	
               

            	
              SHELL
                TRADING SERVICES COMPANY

            

    

    
      	
               

            	
              SHELL
                TRADING (US) COMPANY

            

    

    
      	
               

            	
              SHELL
                US GAS & POWER LLC

            

    

    
      	
               

            	
              SHELL
                WINDENERGY SERVICES INC.

            

    

    
      	
               

            	
              SIEP
                OVERSEAS SERVICES, INC.

            

    

    
      	
               

            	
              SPLC
                SERVICES COMPANY LLC

            

    

    
      	
               

            	
              SWEPI
                LP

            

    

     

     

    
      
        
        

      

      
        Sched.A --
          60

        
          

        

      

      
        Index

      

    

     

     

     

    SCHEDULE
      B

    

    SPECIAL
      RULES APPLICABLE TO CERTAIN GROUPS OF PARTICIPANTS

     

    

    This
      Schedule sets forth special benefit and service rules applicable to certain
      groups of Participants and shall apply notwithstanding anything in the Plan
      to
      the contrary.  This Schedule includes the following
      parts:

    

    
      

      
        	
                B-1

              	
                Transfer
                  of Funds from the Shell Employee Stock Ownership
                  Plan

              

      

       

    

    
      	
              B-2

            	
              Rollover
                of Distributed Funds from Kernridge Savings
                Plan

            

    

    

    
      	
              B-3

            	
              Assets
                Transferred from the Siemens Savings
                Plan

            

    

     

    
      
        	
                B-4

              	
                Merger
                  of CRI Group Savings and Profit Sharing
                  Plans

              

      

       

    

    
      	
              B-5

            	
              Grant
                of Past Service Credit to Willow Island
                Employees

            

    

    

    
      	
              B-6

            	
              Grant
                of Past Service Credit to Alliance Company
                Employees

            

    

    

    
      	
              B-7

            	
              Assets
                Transferred from the Pennzoil-Quaker State Company Savings and Investment
                Plan and the Pennzoil-Quaker State Company Savings and Investment
                Plan for
                Hourly Employees

            

    

    

    
      	
              B-8

            	
              Merger
                of Shell Trading Savings Plan

            

    

    

    
      	
              B-9

            	
              Grant
                of Past Service Credit to PQS Company Employees and JLI Company
                Employees

            

    

    

    
      	
              B-10

            	
              Merger
                of Shell Pay Deferral Investment
                Fund

            

    

     

    
 

    
      
        
        

      

      
        Sched.B –
          61

        
          

        

      

      
        Index

      

    

    

    SCHEDULE
      B-1

    

    TRANSFER
      OF FUNDS FROM THE

     

    SHELL
      EMPLOYEE STOCK OWNERSHIP PLAN

     

    

    Section
      1.  Transfer of Undistributed Accounts.

     

    In
      connection with the termination of the Shell Employee Stock Ownership Plan
      (the
“SESOP”), the undistributed accounts thereunder of Members and former Members
      shall be transferred directly to the Fund, consistent with Article 11.9 of
      the
      SESOP regulations, including the six-month provision of such Article
      11.9.

     

    Section
      2.  Mapping of Company and Member Contributions.

     

    Cash
      and
      ordinary shares of Royal Dutch Petroleum Company attributable to contributing
      company contributions under the SESOP shall be initially transferred to the
      Royal Dutch Stock Fund hereunder and shall thereafter be subject to transfer
      to
      the other Optional Funds in accordance with the terms of the
      Regulations.  Ordinary shares of Royal Dutch Petroleum Company
      attributable to member contributions under the SESOP shall be converted to
      cash
      and, together with all other amounts attributable to member contributions
      thereunder, shall be initially transferred to the Thrift Fund, and shall
      thereafter be subject to transfer to the other Optional Funds (with the
      exception of the Royal Dutch Stock Fund) in accordance with the terms of the
      Regulations.

     

    Section 3.  Treatment
      of SESOP Member Contributions.

     

    For
      purposes of Section 10.2 concerning the right to withdraw Member
      contributions, SESOP member contributions which are transferred to this Fund
      shall be treated as amounts paid into this Fund by the Member.

     

    Section
      4.  Governing Rules.

     

    Amounts
      transferred to this Fund from the SESOP shall be governed by the terms of the
      Regulations and Trust Agreement and shall not be subject to the requirements
      of
      Sections 409 and 401(a)(28) of the Code or of the SESOP regulations and trust
      agreement.

     

     

    
      
        
        

      

      
        Sched.B
–
          62

        
          

        

      

      
        Index

      

    

     

     

     

    SCHEDULE
      B-2

    

    ROLLOVER
      OF DISTRIBUTED FUNDS FROM KERNRIDGE SAVINGS PLAN

     

    

    Section
      1.  Investment of Rollover Amounts.

     

    The
      Fund
      may receive on behalf of participants in the Savings Plan for Covered Former
      Employees of Kernridge Oil Company (the “Kernridge Savings
      Plan”) the entire amount of the December 31, 1990 distribution
      (excluding participant contributions) to such participants from such
      plan.  This amount initially shall be deposited to the Thrift Fund and
      thereafter shall be available for transfer to the other Optional Funds (with
      the
      exception of the Royal Dutch Stock Fund prior to November 24, 1997) in
      accordance with the terms of the Regulations.

     

    Section 2.  Investment
      Restrictions.

     

    
      	
              (a)

            	
              Prior
                to November 24, 1997, each such participant can transfer to his Royal
                Dutch Stock Account from any other Optional Fund Accounts only when
                the
                combined value of the company contributions to his other Optional
                Fund
                Accounts plus the earnings thereon is at least equal to the value
                of such
                participant’s rolled-over amount plus all earnings thereon as calculated
                in accordance with this paragraph. Prior to November 24, 1997, only
                that amount in the participant’s other Optional Fund Accounts which is in
                excess of the value of the rolled-over amount plus earnings thereon
                (as
                calculated in accordance with this paragraph) may be transferred
                to the
                Royal Dutch Stock Fund.  For the purpose of determining the
                amount which cannot be transferred by such a participant from his
                other
                Optional Funds, earnings on the rolled-over amount shall be calculated
                prospectively, at least annually, as if the rolled-over amount were
                invested in the Thrift Fund.

            

    

     

    
      	
              (b)

            	
              The
                restriction on transfer described in Section 2(a) of this Schedule
                B-2 is to be used only to determine the amounts which may be transferred
                from a participant’s other Optional Fund Accounts to his Royal Dutch Stock
                Account and is not intended to require the participant to maintain
                a
                minimum balance in his other Optional Fund
                Accounts.

            

    

     

    Section 3.  Governing
      Rules.

     

    Amounts
      rolled over to this Fund from the Kernridge Savings Plan shall be governed
      by
      the applicable terms of the Regulations and Trust Agreement for the
      Fund.

     

     

    
      
        
        

      

      
        Sched.B
–
          63

        
          

        

      

      
        Index

      

    

     

     

     

    SCHEDULE
      B-3

    

    ASSETS
      TRANSFERRED FROM THE SIEMENS SAVINGS PLAN

     

    

    Section
      1.  Definitions.

     

    For
      purposes of this Schedule B-3, the following terms shall have the meanings
      given
      below:

     

    
      	
              (a)

            	
              “Former
                Siemens Solar Employee” shall mean any participant in the Siemens
                Savings Plan as of January 1, 2002, who
                was:

            

    

     

    
      	
               

            	
              (1)

            	
              an
                active employee of Siemens Solar Industries L.P. (“SSI”)
                as of December 31, 2001,

            

    

     

    
      	
               

            	
              (2)

            	
              an
                employee of SSI as of the Closing Date of the Siemens Solar Transaction,
                including an employee on an employer authorized leave of absence
                or
                receiving short-term or long-term disability benefits,
                or

            

    

     

    
      	
               

            	
              (3)

            	
              a
                retired or vested terminated employee of SSI as of the Closing Date,
                and

            

    

     

    
      
        	
                 

              	
                
                  with
                    respect to whom assets were transferred from the Siemens Savings
                    Plan to
                    the Fund.

                

              

      

    

     

    
      	
              (b)

            	
              “Siemens
                Savings Plan” shall mean the Siemens Savings Plan as sponsored by
                the Siemens Corporation as of the Closing
                Date.

            

    

     

    
      	
              (c)

            	
              “Siemens
                Solar Transaction” shall mean that transaction described in that
                Framework Agreement dated February 20, 2001, by and between Siemens
                Aktiengesellschaft, Shell Erneuerbare Energien GmbH, and E.ON Energie
                Ag.

            

    

     

    
      	
              (d)

            	
              “Closing
                Date” shall mean April 3,
                2001.

            

    

     

    Section 2.  Account
      Crediting.

     

    
      	
              (a)

            	
              Account
                balances transferred from the Siemens Savings Plan pursuant to the
                Siemens
                Solar Transaction, other than amounts attributable to salary reduction
                contributions made under such plan, shall be credited to the respective
                accounts established hereunder for the benefit of Former Siemens
                Solar
                Employees.  Such Former Siemens Solar Employees or their
                beneficiaries thereunder shall be fully vested in all amounts credited
                to
                their accounts in connection with such transfer.  The Plan
                Administrator may establish such special transitional rules as he
                deems
                appropriate in connection with such transfer of
                assets.

            

    

     

    
      	
              (b)

            	
              That
                portion of a Former Siemens Solar Employee’s account balance under the
                Siemens Savings Plan as of December 31, 2001, attributable to
                employer matching contributions under the Siemens Savings Plan shall
                be
                credited to his Prior Plan Fully Vested Match Subaccount separate
                account
                hereunder on behalf of such Former Siemens Solar Employee (sometimes
                referred to herein as “Prior Plan Fully Vested Match
                Subaccount”).  A Former Siemens Solar Employee’s investment
                directions for his employer contributions account shall also be applicable
                to such special account.

            

    

     

    Section 3.  Service
      Crediting.

     

    Each
      Former Siemens Solar Employee shall be credited as of January 1, 2002, with
      Participation Service and Accredited Service equal to the amount of service
      credited to such Former Siemens Solar Employee for vesting purposes under the
      terms of the Siemens Savings Plan as of December 31, 2001.

     

     

    
      
        
        

      

      
        Sched.B – 64

        
          

        

      

      
        Index

      

    

     

     

    SCHEDULE
      B-4

    

    MERGER
      OF CRI GROUP SAVINGS AND PROFIT SHARING PLANS

     

    

    Section
      1.  Definitions.

     

    For
      purposes of this Schedule B-4, the following terms shall have the meanings
      given
      below:

     

    
      	
              (a)

            	
              “CRI
                Profit Sharing Account” shall mean, for a given CRI Profit
                Sharing Participant, the amount, if any, accrued as of July 31, 2003,
                in his account in the CRI Group Profit Sharing
                Plan.

            

    

     

    
      	
              (b)

            	
              “CRI
                Profit Sharing Participant” shall mean a person participating in
                the CRI Group Profit Sharing Plan as of July 31,
                2003.

            

    

     

    
      	
              (c)

            	
              “CRI
                Savings Accounts” shall mean, for a given CRI Savings
                Participant, the amount, if any, accrued as of December 31, 2002, in
                his matching, rollover, and post-tax accounts in the CRI Group Savings
                Plan.

            

    

     

    
      	
              (d)

            	
              “CRI
                Savings Participant” shall mean a person participating in the CRI
                Group Savings Plan as of December 31,
                2002.

            

    

     

    Section
      2.  Transfer of Accounts.

     

    
      	
              (a)

            	
              A
                CRI Savings Participant shall have his CRI Savings Account transferred
                to
                the Fund as of January 1, 2003, by virtue of the merger of the
                accounts of all CRI Savings Participants into the Fund as of
                January 1, 2003.

            

    

     

    
      	
              (b)

            	
              A
                CRI Profit Sharing Participant shall have his CRI Profit Sharing
                Account
                transferred to the Fund as of August 1, 2003, by virtue of the merger
                of the accounts of all CRI Profit Sharing Participants into the Fund
                as of
                August 1, 2003.

            

    

     

    Section
      3.  Vesting of Matching Subaccount.

     

    A
      CRI
      Savings Participant shall be fully vested in all amounts credited to the
      matching subaccount of his CRI Savings Account as of December 31, 2002, in
      connection with the plan merger.

     

     

    
      
        
        

      

      
        Sched.B
–
          65

        
          

        

      

      
        Index

      

    

     

    

    SCHEDULE
      B-5

    

    GRANT
      OF PAST SERVICE CREDIT TO WILLOW ISLAND EMPLOYEES

     

    

    Section
      1.  Definitions.

     

    For
      purposes of this Schedule B-5, the following terms shall have the meanings
      given
      below:

     

    
      	
              (a)

            	
              “Cytec
                Savings Plan” shall mean the Cytec Employees’ Savings and Profit
                Sharing Plan established and maintained by Cytec Industries Inc.
                for,
                among others, employees of its Willow Island
                Plant.

            

    

     

    
      	
              (b)

            	
              “Option”
                shall mean the option granted to CRI International, Inc. to acquire
                the
                Willow Island Plant from Cytec Industries
                Inc.

            

    

     

    
      	
              (c)

            	
              “Willow
                Island Employee” shall mean a person formerly employed by Cytec
                Industries Inc. at its Willow Island Plant who became an employee
                of a
                Contributing Company in connection with the exercise of the
                Option.

            

    

     

    
      	
              (d)

            	
              “Willow
                Island Plant” shall mean the manufacturing facility at Willow
                Island, West Virginia.

            

    

     

    Section 2.  Grant
      of Past Service Credit.

     

    As
      of
      September 1, 2003, each Willow Island Employee shall be credited with
      Participation Service and Accredited Service equal to the amount of service
      credited to such employee for purposes of vesting and eligibility to participate
      under the Cytec Savings Plan.

     

     

    
      
        
        

      

      
        Sched.B
–
          66

        
          

        

      

      
        Index

      

    

     

     

    SCHEDULE
      B-6

    

    GRANT
      OF PAST SERVICE CREDIT TO ALLIANCE COMPANY EMPLOYEES

     

    

    Section
      1.  Definitions.

     

    For
      purposes of this Schedule B-6, the following terms shall have the meanings
      given
      below:

     

    
      	
              (a)

            	
              “Alliance
                Companies” shall mean Equilon Enterprises LLC, Motiva Enterprises
                LLC, Equiva Services LLC, Equiva Trading Company, or Shell Pipeline
                Company LP (formerly doing business as Equilon Pipeline Company
                LLC).

            

    

     

    
      	
              (b)

            	
              “Alliance
                Savings Plan” shall mean that certain defined contribution
                pension plan sponsored by the Alliance Companies for their employees
                from
                April 1, 1999, to July 11, 2003.

            

    

     

    
      	
              (c)

            	
              “Alliance
                Company Employee” means an employee of an Alliance Company for
                all or any part of the period between April 1, 1999, and December
                31,
                2002, (1) who was an employee of Equilon Enterprises LLC or Shell
                Pipeline
                Company LP on and immediately before January 1, 2003, the date on
                which
                each such company became a Contributing Company; or (2) who became
                an
                Employee of a Contributing Company immediately following such employee’s
                termination of employment with an Alliance Company and on or before
                January 1, 2003.

            

    

     

    Section
      2.  Grant of Past Service Credit.

     

    As
      of
      January 1, 2003 (or as of such earlier date that an Alliance Company Employee
      became an Employee of a Contributing Company), each Alliance Company Employee
      shall be credited with Participation Service and Accredited Service equal to
      the
      benefit service credited to such employee under the Alliance Savings Plan,
      but
      only to the extent such benefit service has not already been credited for such
      purposes under the Regulations.

     

     

    
      
        
        

      

      
        Sched.B
–
          67

        
          

        

      

      
        Index

      

    

     

    

    SCHEDULE
      B-7

    

    ASSETS
      TRANSFERRED FROM THE PENNZOIL-QUAKER STATE 

    COMPANY
      SAVINGS AND INVESTMENT PLAN AND THE 

    PENNZOIL-QUAKER
      STATE COMPANY SAVINGS AND INVESTMENT 

    PLAN
      FOR HOURLY EMPLOYEES

     

    

    Section
      1.  Definitions.

     

    For
      purposes of this Schedule B-7, the following terms shall have the meanings
      given
      below:

     

    
      	
              (a)

            	
              “Former
                PQS Participant” shall mean any individual who met each of the
                following characteristics:

            

    

     

    
      	
               

            	
              (1)

            	
              transferred
                employment directly from a company participating in one of the Relevant
                Plans to a Contributing Company  during the period October 1,
                2002, to November 1, 2004, or was an employee of Pennzoil-Quaker
                State
                Company on and immediately before January 1, 2004, the day in which
                such company became a Contributing Company,
                and

            

    

     

    
      	
               

            	
              (2)

            	
              as
                of November 2, 2004, was not employed by  Jiffy Lube
                International, Inc., Q Lube, Inc., or Pennzoil-Quaker State International
                Corporation.

            

    

     

    
      	
              (b)

            	
              “Relevant
                Plans” means the Pennzoil-Quaker State Company Savings and
                Investment Plan  and  the Pennzoil-Quaker State
                Company Savings and Investment Plan for Hourly
                Employees.

            

    

     

    Section
      2.  Subaccounts Credited.

     

    
      	
              (a)

            	
              In
                connection with the transfer of assets from the Relevant Plans on
                or about
                December 23, 2004, account balances---other than amounts attributable
                to salary reduction contributions including catch-up contributions
                made
                under the Relevant Plans and other than assets in the form of loans
                transferred to the Shell Pay Deferral Investment Fund---shall be
                credited
                to the respective subaccounts established herein for the benefit
                of Former
                PQS Participants.  The Plan Administrator may establish such
                special transitional rules as he deems appropriate in connection
                with such
                transfer of assets.

            

    

     

    
      	
              (b)

            	
              Notwithstanding
                the above, assets transferred from the Relevant Plans that were separately
                accounted for in sources
                designated:

            

    

     

    
      	
               

            	
              (1)

            	
              as
                either the “Company Match Account” or the
                “Company Match Vested Account” in the PQS Administrative
                Manual as of November 2004, shall be credited to the Prior Plan Company
                Contribution Subaccount established under the
                Fund;

            

    

     

    
      	
               

            	
              (2)

            	
              as
                the “Prior Employer Match Account,” the “Prior
                Plan Match Account,” the “Prior Plan P/S
                Account,” or the “Prior Plan ESOP Account” in
                the PQS Administrative Manual as of November 2004, shall be credited
                to
                the Pre-Tax Rollover Subaccount established under the Fund;
                or

            

    

     

    
      	
               

            	
              (3)

            	
              as
                either the “Safe Harbor Match Account” or the
                “Prior Company Match Account” in the PQS Administrative
                Manual as of November 2004, shall be credited to the Company Contribution
                Subaccount established under the
                Fund.

            

    

     

     

    
      
        
        

      

      
        Sched.B
–
          68

        
          

        

      

      
        Index

      

    

    
 

    SCHEDULE
      B-8

    

    MERGER
      OF SHELL TRADING SAVINGS PLAN

     

    

    Section
      1.  Subaccounts Credited.

     

    
      	
              (a)

            	
              In
                connection with the merger and transfer of assets from the Shell
                Trading
                Savings Plan into the Fund on or about December 29, 2004, account
                balances---other than amounts attributable to salary reduction
                contributions including catch-up contributions made under the Shell
                Trading Savings Plan and other than assets in the form of loans
                transferred to the Shell Pay Deferral Investment Fund---shall be
                credited
                to the respective subaccounts established herein.  The Plan
                Administrator may establish such special transitional rules as he
                deems
                appropriate in connection with such transfer of
                assets.

            

    

     

    
      	
              (b)

            	
              Notwithstanding
                the above, assets transferred from the Shell Trading Savings Plan
                that
                were credited to

            

    

     

    
      	
               

            	
              (1)

            	
              the
                “Alliance Company Contribution Account” in such plan
                shall be credited to the Prior Plan Company Contribution Subaccount
                established under the Fund;

            

    

     

    
      	
               

            	
              (2)

            	
              the
                “Matching Account” in such plan shall be credited to the
                Company Match Account and shall be subject to the vesting schedule
                as
                described in Schedule D;

            

    

     

    
      	
               

            	
              (3)

            	
              the
                “LEDCO Account” in such plan shall be credited to the
                Company Contribution Subaccount established under the
                Fund.

            

    

     

     

    
      
        
        

      

      
        Sched.B
–
          69

        
          

        

      

      
        Index

      

    

     

     

    

    SCHEDULE
      B-9

    

    GRANT
      OF PAST SERVICE CREDIT TO PQS COMPANY EMPLOYEES AND JLI COMPANY
      EMPLOYEES

     

    

    Section
      1.  Definitions.

     

    For
      purposes of this Schedule B-9, the following terms shall have the meanings
      given
      below:

     

    
      	
              (a)

            	
              “JLI”
                means Jiffy Lube International,
                Inc.

            

    

     

    
      	
              (b)

            	
              “JLI
                Company Employee” means an employee of JLI, PQS International, or
                QLube who becomes an Employee of Pennzoil-Quaker State Company or
                another
                Contributing Company immediately following such employee’s termination of
                employment with JLI, PQS International, or QLube after January 1,
                2004.

            

    

     

    
      	
              (c)

            	
              “PQS
                Company Employee” means (1) an employee of Pennzoil-Quaker State
                Company on and immediately before January 1, 2004, the date on which
                such company became a Contributing Company; or (2) an employee of
                Pennzoil-Quaker State Company who, on or before January 1, 2004,
                became an Employee of a Contributing Company immediately following
                such
                employee’s termination of employment with Pennzoil-Quaker State Company on
                or after October 1, 2002.

            

    

     

    
      	
              (d)

            	
              “PQS
                International” means Pennzoil-Quaker State International
                Corporation.

            

    

     

    
      	
              (e)

            	
              “PQS
                Savings Plans” means the Pennzoil-Quaker State Company Savings
                and Investment Plan (as amended and restated effective January 1,
                2001, and as subsequently amended) and the Pennzoil-Quaker State
                Company
                Savings and Investment Plan for Hourly Employees (as amended and
                restated
                effective January 1, 2001, and as subsequently
                amended).  Such term shall include any tax-qualified employee
                benefit plan into which any of the foregoing is merged or any other
                tax-qualified successor plan.

            

    

     

    
      	
              (f)

            	
              “QLube”
                means Q Lube, Inc.

            

    

     

    Section
      2.  Service Credited.

     

    Effective
      January 1, 2004, the date on which Pennzoil-Quaker State Company became a
      Contributing Company, (or as of such earlier date that a PQS Company Employee
      became an Employee of a Contributing Company), each PQS Company Employee shall
      be credited with Participation Service and Accredited Service equal to the
      service credited to such employee under the PQS Savings Plans, but only to
      the
      extent such service has not already been credited to him for such purposes
      under
      the Regulations of this Fund.  Effective as of the date on or after
      January 2, 2004, that a JLI Company Employee became an Employee of a
      Contributing Company, such JLI Company Employee shall be credited with
      Participation Service and Accredited Service equal to the service credited
      to
      such employee under the PQS Savings Plans, but only to the extent such service
      has not already been credited to him for such purposes under the
      Regulations.

     

     

    
      
        
        

      

      
        Sched.B
–
          70

        
          

        

      

      
        Index

      

    

     

    

    SCHEDULE
      B-10

    

    MERGER
      OF SHELL PAY DEFERRAL INVESTMENT FUND

     

    

    Section 1.  Subaccounts
      Credited.

     

    In
      connection with the merger of the Shell Pay Deferral Investment Fund into the
      Fund on or about June 18, 2007, account balances attributable to elective
      deferrals and qualified non-elective contributions and to catch-up contributions
      made under the Shell Pay Deferral Investment Fund shall be credited to the
      respective subaccounts in accordance with Section 14 of the
      Regulations.  The Plan Administrator may establish such special
      transitional rules as he deems appropriate in connection with such transfer
      of
      assets.

     

    Section 2.  Interpretation
      of Amended and Restated Regulations and Trust Agreement.

     

    Effective
      June 18, 2007, upon the merger of the Shell Pay Deferral Investment Fund into
      this Fund, the Regulations and Trust Agreement have been amended and restated
      to
      reflect: the merger; the addition of an automatic enrollment feature, Member
      Pre-Tax Contributions, Member Catch-Up Contributions, Hardship Withdrawals,
      new
      Tier III Investment Offerings, managed account, and the self-directed
      brokerage feature known as BrokerageLink; and the new Default
      Funds.  Except with respect to these changes, Shell Oil Company does
      not intend to alter the Contributions and benefits available hereunder, the
      rights and entitlements thereto, or the limitations thereon.  The Plan
      Administrator and the Trustees shall interpret the Regulations and Trust
      Agreement accordingly.  Shell Oil Company reserves the right to
      correct any scrivener’s errors as permitted by applicable law.

     

    

    
      
        
        

      

      
        Sched.B
–
          71

        
          

        

      

      
        Index

      

    

     

    

    SCHEDULE
      C

    

    PART I
      OF SCHEDULE C

     

    Tier
      I

     

    Lifecycle
      Funds

     

    LifePath®
      Retirement
      Fund

     

    LifePath
      2010®
      Fund

     

    LifePath
      2020®
      Fund

     

    LifePath
      2030®
      Fund

     

    LifePath
      2040®
      Fund

     

    

    PART II
      OF SCHEDULE C

     

    Tier
      II

     

    Core
      Funds

     

    1-3
      Year
      Government Bond Index Fund

    A
      fund
      using a stratified sampling approach to aim to match the performance of the
      Lehman Brothers 1-3 Year Government Bond Index, an unmanaged index that measures
      the performance of U.S. government-issued bonds with maturities greater than
      one
      year but less than three years.

     

    20+
      Treasury Bond Index Fund

    A
      fixed-income index fund designed to match the performance of the Lehman Brothers
      20+ Treasury Index and consisting exclusively of U.S. Treasury issues with
      maturities greater than 20 years which are guaranteed timely interest and
      principal payments by the full faith and credit of the U.S. government and
      certain short-term investments.

     

    Government/Credit
      Bond Index Fund

    A
      fund
      using a stratified sampling approach to aim to match the performance of the
      Lehman Brothers Government/Credit Bond Index, an unmanaged index that measures
      the performance of U.S. government and high-quality corporate bonds with
      maturities of at least one year.

     

    Intermediate
      Government Bond Index Fund

    A
      fixed-income index fund designed to match the performance of the Lehman Brothers
      Intermediate Government Bond Index and consisting exclusively of U.S. government
      issued bonds which are guaranteed timely interest and principal payments by
      the
      full faith and credit of the U.S. government and certain short-term
      investments.

     

    Mid-Cap
      Equity Index Fund

    A
      broadly
      diversified equity index fund designed to match the performance of the S&P
      MidCap 400 Index and consisting primarily of the equities of mid-sized U.S.
      companies.

     

    Royal
      Dutch Shell Stock Fund

    A
      non-diversified, unmanaged, unitized fund consisting primarily of RDS Class
      A
      American depositary receipts representing Class A ordinary shares of Royal
      Dutch
      Shell plc and short-term instruments.

     

     

    
      
        
        

      

      
        Sched.D
–
          72

        
          

        

      

      
        Index

      

    

     

     

    Russell
      1000 Index Fund

    A
      diversified large-capitalization equity index fund that aims to match the
      performance of the Russell 1000® Equity Index and measures the performance of
      the 1,000 largest companies in the Russell 3000® Index.

     

    Russell
      1000 Growth Index Fund

    A
      diversified large-capitalization equity index fund that aims to match the
      performance of the Russell 1000® Growth Index.

     

    Russell
      1000 Value Index Fund

    A
      diversified large-capitalization equity index fund that aims to match the
      performance of the Russell 1000® Value Index.

     

    Russell
      2000® Equity
      Index Fund

    A
      small
      capitalization equity index fund designed to match the performance of the
      Russell 2000® Index and consisting primarily of small capitalization
      securities.

     

    Russell
      2000 Value
      Index Fund

    A
      small-capitalization equity index fund that aims to match the performance of
      the
      Russell 2000® Value Index.

     

    Russell
      2000 Growth Index Fund

    A
      small-capitalization equity index fund that aims to match the performance of
      the
      Russell 2000® Growth Index.

     

    Spartan®
      International Index
      Fund – Investor Class

    An
      international growth fund that seeks to provide investment results that
      correspond to the total returns of foreign stock markets.

     

    Thrift
      Fund

    A
      fund
      consisting of such fixed-income investments as the Trustees shall from time
      to
      time determine in accordance with the Trust Agreement.  Investments
      may include, but shall not be limited to, investment contracts of insurance
      companies or financial institutions and high quality, short-term, U.S.
      dollar-denominated money market securities issuers.

     

    U.
      S.
      Debt Index Fund

    A
      broad
      fixed-income index fund designed to match the performance of the Lehman Brothers
      Aggregate Bond Index and consisting primarily of investment-grade bonds with
      maturities of at least one year including U.S. government, corporate,
      mortgage-backed, and asset-backed bonds.

     

    U.
      S.
      Equity Index Fund

    An
      equity
      index fund designed to approximate the composition and total return of the
      Standard & Poor’s Composite Index of 500 Stocks (S&P 500®) and
      consisting primarily of the common stocks that make up the S&P
      500®.  Except as provided in Section VI of the Trust Agreement, assets
      of the U. S. Equity Index Fund shall not be invested in securities of any
      of the Contributing or Affiliated Companies.

     

    U.
      S.
      Equity Market Fund

    A
      total
      market equity index fund designed to match the performance of the Barclays’ U.S.
      Equity Market Index and consisting primarily of the publicly available universe
      of equity shares.

     

    U.
      S.
      Treasury Inflation Protected Securities Index Fund

    A
      fund
      using a full-replication approach to aim to match the performance of the Lehman
      Brothers U.S. Treasury Inflation Protection Securities Index, an unmanaged
      index
      that measures the performance of inflation-indexed bonds issued by the U.S.
      Treasury.

     

     

    
      
        
        

      

      
        Sched.D
–
          73

        
          

        

      

      
        Index

      

    

     

    

    PART III
      OF SCHEDULE
      C

     

    Tier
      III

     

    Mutual
      Fund Window

     

    Such
      of
      the following mutual funds as are from time to time available through Fidelity’s
      FundsNetSM
      program  and all Fidelity mutual funds not offered in Tier
      II:

     

    AIM
      Basic
      Value Fund Class A

     

    AIM
      Constellation Fund Class A

     

    AIM
      Dynamics Fund – Investor Class

     

    AIM
      Global Aggressive Growth Fund Class A

     

    AIM
      Mid
      Cap Core Equity Fund Class A

     

    Alger
      Capital Appreciation Fund – Institutional Class

     

    Alger
      Mid
      Cap Growth Fund – Institutional Class

     

    Alger
      Small Cap Fund – Institutional Class

     

    AllianceBernstein
      Small/Mid Cap Value Fund – Class A

     

    Allianz
      CCM Capital Appreciation Fund – Administrative Class

     

    Allianz
      CCM Mid-Cap Fund – Administrative Class

     

    Allianz
      NFJ Small Cap Value Fund – Administrative Class

     

    American
      Beacon Balanced Fund – PlanAhead Class

     

    American
      Beacon International Equity Fund– PlanAhead Class

     

    American
      Beacon Large Cap Value Fund – PlanAhead Class

     

    American
      Beacon Short-Term Bond Fund – PlanAhead Class

     

    American
      Century Large Company Value Fund – Investor Class

     

    American
      Century Small Company Fund – Investor Class

     

    American
      Century Ultra Fund – Investor Class

     

    American
      Century Vista – Investor Class

     

    Ariel
      Appreciation Fund

     

    Ariel
      Fund

     

     

    
      
        
        

      

      
        Sched.D
–
          74

        
          

        

      

      
        Index

      

    

     

     

    Artisan
      International Fund – Investor Class

     

    Artisan
      Mid Cap Fund  – Investor Class

     

    Artisan
      Mid Cap Value Fund – Investor Class

     

    Baron
      Asset Fund

     

    Baron
      Growth Fund

     

    Baron
      Small Cap Fund

     

    Calvert
      Capital Accumulation Fund – Class A

     

    Calvert
      New Vision Small Cap Fund – Class A

     

    Calvert
      Social Investment Fund Balanced Portfolio – Class A

     

    Calvert
      Social Investment Fund Bond Portfolio – Class A

     

    Calvert
      Social Investment Fund Equity Portfolio – Class A

     

    Calvert
      World Values International Equity Fund – Class A

     

    Columbia
      Acorn Select Fund – Class Z

     

    Columbia
      Conservative High Yield Fund - Class Z

     

    Credit
      Suisse Global Fixed Income Fund – Common Shares

     

    Credit
      Suisse International Focus Fund – Common Shares

     

    Credit
      Suisse Large Cap Growth Fund – Common Shares

     

    Credit
      Suisse Large Cap Value Fund – Class A

     

    Credit
      Suisse Mid-Cap Core Fund – Common Shares

     

    Credit
      Suisse Small Cap Core Fund – Common Shares

     

    CRM
      Mid
      Cap Value Fund – Investor Class

     

    Domini
      Social Equity Fund – Investor Shares

     

    Dreyfus
      Founders Balanced Fund – Class F

     

    Dreyfus
      Founders Discovery Fund – Class F

     

    Dreyfus
      Founders Equity Growth Fund – Class F

     

    Dreyfus
      Founders Growth Fund – Class F

     

    Dreyfus
      Founders Mid-Cap Growth Fund – Class F

     

    Dreyfus
      Founders Passport Fund – Class F

     

     

    
      
        
        

      

      
        Sched.D
–
          75

        
          

        

      

      
        Index

      

    

     

     

    Dreyfus
      Founders Worldwide Growth Fund – Class F

     

    DWS
      Global Opportunities Fund – Class S

     

    DWS
      Growth & Income Fund – Class S

     

    DWS
      International Fund – Class S

     

    DWS
–
      Dreman High Return Equity Fund – A

     

    Fidelity
      Aggressive Growth Fund

     

    Fidelity
      Aggressive International Fund

     

    Fidelity
      Asset ManagerR
20%

     

    Fidelity
      Asset Manager R
50%

     

    Fidelity
      Asset Manager R
70%

     

    Fidelity
      Asset Manager R
85%

     

    Fidelity
      Balanced Fund

     

    Fidelity
      Blue Chip Growth Fund

     

    Fidelity
      Blue Chip Value Fund

     

    Fidelity
      Canada Fund

     

    Fidelity
      Capital & Income Fund

     

    Fidelity
      Capital Appreciation Fund

     

    Fidelity
      Cash Reserves

     

    Fidelity
      China Region Fund

     

    Fidelity
      Contrafund

     

    Fidelity
      Convertible Securities Fund

     

    Fidelity
      Disciplined Equity Fund

     

    Fidelity
      Diversified International Fund

     

    Fidelity
      Dividend Growth Fund

     

    Fidelity
      Emerging Markets Fund

     

    Fidelity
      Equity-Income Fund

     

    Fidelity
      Equity-Income II Fund

     

    Fidelity
      Europe Capital Appreciation Fund

     

     

    
      
        
        

      

      
        Sched.D
–
          76

        
          

        

      

      
        Index

      

    

     

     

    Fidelity
      Europe Fund

     

    Fidelity
      Export and Multinational Fund

     

    Fidelity
      Fifty Fund

     

    Fidelity
      Floating Rate High Income Fund

     

    Fidelity
      Focused High Income Fund

     

    Fidelity
      Focused Stock Fund

     

    Fidelity
      Four in One Index Fund

     

    Fidelity
      Freedom 2000 Fund

     

    Fidelity
      Freedom 2005 Fund

     

    Fidelity
      Freedom 2010 Fund

     

    Fidelity
      Freedom 2015 Fund

     

    Fidelity
      Freedom 2020 Fund

     

    Fidelity
      Freedom 2025 Fund

     

    Fidelity
      Freedom 2030 Fund

     

    Fidelity
      Freedom 2035 Fund

     

    Fidelity
      Freedom 2040 Fund

     

    Fidelity
      Freedom 2045 Fund

     

    Fidelity
      Freedom 2050 Fund

     

    Fidelity
      Freedom Income Fund

     

    Fidelity
      Fund

     

    Fidelity
      Ginnie Mae Fund

     

    Fidelity
      Global Balanced Fund

     

    Fidelity
      Government Income Fund

     

    Fidelity
      Growth & Income II Portfolio

     

    Fidelity
      Growth & Income Portfolio

     

    Fidelity
      Growth Company Fund

     

    Fidelity
      Growth Discovery Fund

     

    Fidelity
      High Income Fund

     

     

    
      
        
        

      

      
        Sched.D
–
          77

        
          

        

      

      
        Index

      

    

     

     

    Fidelity
      Independence Fund

     

    Fidelity
      Inflation-Protected Bond Fund

     

    Fidelity
      Institutional Short-Intermediate Government Fund

     

    Fidelity
      Intermediate Bond Fund

     

    Fidelity
      Intermediate Government Income Fund

     

    Fidelity
      International Discovery Fund

     

    Fidelity
      International Real Estate Fund

     

    Fidelity
      International Small Cap Fund

     

    Fidelity
      International Small Cap Opportunities Fund

     

    Fidelity
      International Value Fund

     

    Fidelity
      Investment Grade Bond Fund

     

    Fidelity
      Japan Fund

     

    Fidelity
      Japan Smaller Companies Fund

     

    Fidelity
      Large Cap Growth Fund

     

    Fidelity
      Large Cap Stock Fund

     

    Fidelity
      Large Cap Value Fund

     

    Fidelity
      Latin America Fund

     

    Fidelity
      Leveraged Company Stock Fund

     

    Fidelity
      Low-Priced Stock Fund

     

    Fidelity
      Magellan Fund

     

    Fidelity
      Mid Cap Growth Fund

     

    Fidelity
      Mid Cap Value Fund

     

    Fidelity
      Mid-Cap Stock Fund

     

    Fidelity
      Mortgage Securities Fund

     

    Fidelity
      Nasdaq Composite® Index
      Fund

     

    Fidelity
      New Markets Income Fund

     

    Fidelity
      New Millennium Fund

     

    Fidelity
      Nordic Fund

     

     

    
      
        
        

      

      
        Sched.D
–
          78

        
          

        

      

      
        Index

      

    

     

     

    Fidelity
      OTC Portfolio

     

    Fidelity
      Overseas Fund

     

    Fidelity
      Pacific Basin Fund

     

    Fidelity
      Puritan Fund

     

    Fidelity
      Real Estate Income Fund

     

    Fidelity
      Real Estate Investment Portfolio

     

    Fidelity
      Retirement Government Money Market Portfolio

     

    Fidelity
      Retirement Money Market Portfolio

     

    Fidelity
      Select Portfolios: Air Transportation Portfolio

     

    Fidelity
      Select Portfolios: Automotive Portfolio

     

    Fidelity
      Select Portfolios: Banking Portfolio

     

    Fidelity
      Select Portfolios: Biotechnology Portfolio

     

    Fidelity
      Select Portfolios: Brokerage and Investment Management
      Portfolio

     

    Fidelity
      Select Portfolios: Chemicals Portfolio

     

    Fidelity
      Select Portfolios: Communications Equipment Portfolio

     

    Fidelity
      Select Portfolios: Computers Portfolio

     

    Fidelity
      Select Portfolios: Construction and Housing Portfolio

     

    Fidelity
      Select Portfolios: Consumer Discretionary Portfolio

     

    Fidelity
      Select Portfolios: Consumer Staples Portfolio

     

    Fidelity
      Select Portfolios: Defense and Aerospace Portfolio

     

    Fidelity
      Select Portfolios: Electronics Portfolio

     

    Fidelity
      Select Portfolios: Energy Portfolio

     

    Fidelity
      Select Portfolios: Energy Service Portfolio

     

    Fidelity
      Select Portfolios: Environmental Portfolio

     

    Fidelity
      Select Portfolios: Financial Services Portfolio

     

    Fidelity
      Select Portfolios: Gold Portfolio

     

    Fidelity
      Select Portfolios: Health Care Portfolio

     

    Fidelity
      Select Portfolios: Home Finance Portfolio

     

     

    
      
        
        

      

      
        Sched.D
–
          79

        
          

        

      

      
        Index

      

    

     

     

    Fidelity
      Select Portfolios: Industrial Equipment Portfolio

     

    Fidelity
      Select Portfolios: Industrials Portfolio

     

    Fidelity
      Select Portfolios: Insurance Portfolio

     

    Fidelity
      Select Portfolios: IT Services Portfolio

     

    Fidelity
      Select Portfolios: Leisure Portfolio

     

    Fidelity
      Select Portfolios: Materials Portfolio

     

    Fidelity
      Select Portfolios: Medical Delivery Portfolio

     

    Fidelity
      Select Portfolios: Medical Equipment and Systems Portfolio

     

    Fidelity
      Select Portfolios: Money Market Portfolio

     

    Fidelity
      Select Portfolios: Multimedia Portfolio

     

    Fidelity
      Select Portfolios: Natural Gas Portfolio

     

    Fidelity
      Select Portfolios: Natural Resources Portfolio

     

    Fidelity
      Select Portfolios: Networking and Infrastructure Portfolio

     

    Fidelity
      Select Portfolios: Paper and Forest Products Portfolio

     

    Fidelity
      Select Portfolios: Pharmaceuticals Portfolio

     

    Fidelity
      Select Portfolios: Retailing Portfolio

     

    Fidelity
      Select Portfolios: Software and Computer Services
      Portfolio

     

    Fidelity
      Select Portfolios: Technology Portfolio

     

    Fidelity
      Select Portfolios: Telecommunications Portfolio

     

    Fidelity
      Select Portfolios: Transportation Portfolio

     

    Fidelity
      Select Portfolios: Utilities Growth Portfolio

     

    Fidelity
      Select Portfolios: Wireless Portfolio

     

    Fidelity
      Short-Term Bond Fund

     

    Fidelity
      Small Cap Growth Fund

     

    Fidelity
      Small Cap Independence Fund

     

    Fidelity
      Small Cap Retirement Fund

     

    Fidelity
      Small Cap Stock Fund

     

    Fidelity
      Small Cap Value Fund

     

     

    
      
        
        

      

      
        Sched.D
–
          80

        
          

        

      

      
        Index

      

    

     

     

    Fidelity
      Southeast Asia Fund

     

    Fidelity
      Stock Selector

     

    Fidelity
      Strategic Dividend & Income Fund

     

    Fidelity
      Strategic Income Fund

     

    Fidelity
      Strategic Real Return Fund

     

    Fidelity
      Total Bond Fund

     

    Fidelity
      Trend Fund

     

    Fidelity
      U.S. Bond Index Fund

     

    Fidelity
      U.S. Government Reserves

     

    Fidelity
      Ultra-Short Bond Fund

     

    Fidelity
      Utilities Fund

     

    Fidelity
      Value Discovery Fund

     

    Fidelity
      Value Fund

     

    Fidelity
      Value Strategies Fund

     

    Fidelity
      Worldwide Fund

     

    FMA
      Small
      Company Portfolio

     

    FPA
      Crescent Portfolio – Institutional Class

     

    Franklin
      Small-Mid Cap Growth Fund – Class A

     

    Hartford
      Growth Fund – Class Y

     

    Hartford
      International Capital Appreciation Fund – Class Y

     

    Hartford
      SmallCap Growth – Class Y

     

    Janus
      Balanced Fund

     

    Janus
      Enterprise Fund

     

    Janus
      Flexible Bond Fund

     

    Janus
      Fund

     

    Janus
      Mercury Fund

     

    Janus
      Twenty Fund

     

    Janus
      Worldwide Fund

     

     

    
      
        
        

      

      
        Sched.D
–
          81

        
          

        

      

      
        Index

      

    

     

     

    Legg
      Mason Partners Aggressive Growth Fund – Class A

     

    Legg
      Mason Partners Large Cap Growth Fund – Class A

     

    Legg
      Mason Value Trust – FI Class

     

    Lehman
      Brothers Core Bond Fund – Investor Class

     

    Lehman
      Brothers High Income Bond Fund – Investor Class

     

    Loomis
      Sayles Growth – Class A

     

    Loomis
      Sayles Small Cap Value – Retail Class

     

    Lord
      Abbett Affiliated Fund – Class A

     

    Lord
      Abbett Mid Cap Value Fund – Class A

     

    Lord
      Abbett Mid-Cap Value Fund – Class P

     

    Lord
      Abbett Small-Cap Blend Fund – Class A

     

    Managers
      AMG Essex Large Cap Growth Fund

     

    Managers
      Bond Fund

     

    Managers
      Special Equity Fund

     

    Managers
      Value Fund

     

    MS
      Institutional Fund Active International Allocation Portfolio – Class
      B

     

    MS
      Institutional Fund Emerging Markets Portfolio – Class B

     

    MS
      Institutional Fund Global Value Equity Portfolio – Class B

     

    MS
      Institutional Fund International Equity Portfolio – Class B

     

    MS
      Institutional Fund International Magnum Portfolio – Class B

     

    MS
      Institutional Fund Large Cap Relative Value Portfolio – Class B

     

    MS
      Institutional Fund Small Company Growth Portfolio – Class B

     

    MS
      Institutional Fund Trust Balanced Portfolio – Adviser Class

     

    MS
      Institutional Fund Trust Core Plus Fixed Income Portfolio – Adviser
      Class

     

    MS
      Institutional Fund Trust High Yield Portfolio – Adviser Class

     

    MS
      Institutional Fund Trust Mid Cap Growth Portfolio – Adviser Class

     

    MS
      Institutional Fund Trust Value Portfolio – Adviser Class

     

    MS
      Institutional Fund U. S. Large Cap Growth Portfolio – Class B

     

     

    
      
        
        

      

      
        Sched.D
–
          82

        
          

        

      

      
        Index

      

    

     

     

    Mutual
      Discovery Fund A – Class A

     

    Mutual
      Shares Fund A – Class A

     

    Nationwide
      Mid-Cap Growth Leaders Fund – Class A

     

    Nationwide
      Value Opportunities Fund – Class A

     

    Neuberger
      Berman Fasciano Fund – Investor Class

     

    Neuberger
      Berman Focus Fund – Trust Class

     

    Neuberger
      Berman Genesis Fund – Trust Class

     

    Neuberger
      Berman Guardian Fund – Trust Class

     

    Neuberger
      Berman International Fund – Trust Class

     

    Neuberger
      Berman Manhattan Fund  – Trust Class

     

    Neuberger
      Berman Partners Fund – Trust Class

     

    Neuberger
      Berman Regency Fund – Trust Class

     

    Neuberger
      Berman Socially Responsive Fund – Trust Class

     

    Old
      Mutual Copper Rock Emerging Growth Fund – Class Z

     

    Old
      Mutual Growth Fund – Class Z

     

    Old
      Mutual Large Cap Fund – Class Z

     

    Old
      Mutual Mid-Cap Fund – Class Z

     

    Old
      Mutual Strategic Small Company Fund – Class Z

     

    Phoenix
      Mid-Cap Value Fund – Class A

     

    Phoenix
      Small-Mid Cap Fund – Class I

     

    PIMCO
      Global Bond Fund (unhedged) – Administrative Class

     

    PIMCO
      High Yield Fund– Administrative Class

     

    PIMCO
      Long-Term U.S. Government Fund – Administrative Class

     

    PIMCO
      Low
      Duration Fund – Administrative Class

     

    PIMCO
      Real Return Fund – Administrative Class

     

    PIMCO
      Total Return Fund – Administrative Class

     

    Rainier
      Small/Mid Cap Equity Portfolio – Investor Class

     

    Rice
      Hall
      James Micro Cap Portfolio – Institutional Class

     

     

    
      
        
        

      

      
        Sched.D
–
          83

        
          

        

      

      
        Index

      

    

     

     

    Royce
      Low-Priced Stock Fund – Service Class

     

    Royce
      Opportunity Fund – Service Class

     

    Royce
      Total Return Fund – Service Class

     

    Royce
      Value Plus Fund – Service Class

     

    RS
      Emerging Growth Fund – Class A

     

    RS
      Partners – Class A

     

    RS
      Smaller Company Growth Fund – Class A

     

    RS
      Value
      Fund – Class A

     

    Spartan
      500 Index Fund – Investor Class

     

    Spartan
      Extended Market Index Fund – Investor Class

     

    Spartan
      Intermediate Treasury Bond Index Fund – Investor Class

     

    Spartan
      Long Term Treasury Bond Index – Investor Class

     

    Spartan
      Short-Term Treasury Bond Index Fund – Investor Class

     

    Spartan
      Total Market Index Fund – Investor Class

     

    Spartan
      U.S. Equity Index Fund – Investor Class

     

    TCW
      Select Equities Fund – Class N

     

    TCW
      Small
      Cap Growth Fund – Class N

     

    Templeton
      Developing Markets Trust – Class A

     

    Templeton
      Foreign Fund – Class A

     

    Templeton
      Foreign Smaller Companies Fund – Class A

     

    Templeton
      Global Bond Fund – Class A

     

    Templeton
      Growth Fund, Inc. – Class A

     

    Templeton
      World Fund – Class A

     

    The
      Oakmark Equity and Income Fund – Class I

     

    The
      Oakmark Fund – Class I

     

    The
      Oakmark Select Fund – Class I

     

    Touchstone
      Sands Capital Select Growth Fund – Class Z

     

    USAA
      Cornerstone Strategy Fund

     

     

    
      
        
        

      

      
        Sched.D
–
          84

        
          

        

      

      
        Index

      

    

     

     

    USAA
      Emerging Markets Fund

     

    USAA
      GNMA
      Trust

     

    USAA
      Growth Fund

     

    USAA
      Income Fund

     

    USAA
      Income Stock Fund

     

    USAA
      International Fund

     

    Van
      Kampen Equity and Income Fund – Class A

     

    Van
      Kampen Growth & Income Fund – Class A

     

    Wells
      Fargo Advantage C&B Mid Cap Value Fund – Class D

     

    Wells
      Fargo Advantage Common Stock – Fund Z

     

    Wells
      Fargo Advantage Discovery Fund – Investor Class

     

    Wells
      Fargo Advantage Government Securities Fund – Investor Class

     

    Wells
      Fargo Advantage Growth Fund – Investor Class

     

    Wells
      Fargo Advantage Large Cap Growth Fund – Investor Class

     

    Wells
      Fargo Advantage Mid Cap Disciplined Fund – Investor Class

     

    Wells
      Fargo Advantage Opportunity Fund – Investor Class

     

    Wells
      Fargo Advantage Short-Term Bond Fund – Investor Class

     

    Wells
      Fargo Advantage Small Cap Value Fund – Class Z

     

    Wells
      Fargo Advantage Small Company Value Fund – Administrator Class

     

    Wells
      Fargo Advantage Ultra Short-Term Income Fund – Investor Class

     

    Western
      Asset Core Bond Portfolio – FI Class 

     

    Western
      Asset Core Plus Bond Portfolio  – FI Class

     

    

    PART IV
      OF SCHEDULE C

     

    Tier
      IV

     

    BrokerageLink

     

    Fidelity
      Cash Reserves and such of the following eligible security types as shall be
      available through Fidelity BrokerageLink®:

     

     

    
      
        
        

      

      
        Sched.D
–
          85

        
          

        

      

      
        Index

      

    

     

     

    Equities
      other than shares or American Depositary Receipts of Royal Dutch Shell
      plc;

     

    Corporate
      Bonds;

     

    U.S.
      Treasuries excluding Savings Bonds;

     

    Certificates
      of Deposit;

     

    Zero
      Coupon Bonds;

     

    Mortgage-backed
      Bonds;

     

    U.S.
      Government Agency Bonds; and

     

    Fidelity
      mutual funds and non-Fidelity mutual funds available through Fidelity
      FundsNetwork®

     

     

     

    
      
        
        

      

      
        Sched.D
–
          86

        
          

        

      

      
        Index

      

    

     

    

    SCHEDULE
      D

    

    SPECIAL
      VESTING PROVISIONS

     

    

    1.           Vesting
      in Prior Plan Scheduled Vesting Match Subaccount.  A Member shall have
      a nonforfeitable right to his Prior Plan Scheduled Vesting Match Subaccount
      in
      accordance with the vesting schedule below, except that a Member who dies or
      who
      terminates his employment after attaining age 65 or qualifying for a disability
      pension under the Shell Pension Plan (but disregarding the condition that an
      employee have at least 15 years of accredited service) shall be 100% vested
      on
      such event:

     

    
      	
              Completed
                Years 

              of

              Participation
                Service

            	
                Nonforfeitable

                Percentage

            
	 	 
	         
Less
              than 1 year 	
               
                 0%

            
	            1
              year 	
               20%

            
	            2
              years 	
               40%

            
	           
3
              years 	
               60%

            
	           
4
              years 	
               80%

            
	            5
              years 	
               100%

            

    

                                           

     

    A
      Member who terminates employment
      prior to attaining a 100% nonforfeitable percentage shall forfeit the non-vested
      portion of his Prior Plan Scheduled Vesting Match Subaccount.  The
      amount forfeited shall be allocated as a forfeiture in accordance with Paragraph
      2 below.

     

    If
      a Member’s account is restored as
      provided in Paragraph 3 below, and if such Member had received a distribution
      of
      his vested Prior Plan Scheduled Vesting Match Subaccount, and if such Member
      subsequently terminates employment prior to attaining a 100% nonforfeitable
      percentage in his Prior Plan Scheduled Vesting Match Subaccount, the vested
      portion of the Member’s Prior Plan Scheduled Vesting Match Subaccount shall be
      determined in the following manner:

     

    At
      any
      relevant time the Member’s vested portion is not less than an amount (“X”)
      determined by the formula:

     

    X
      = P(AB
      + D) – D

     

    where
      P
      is the nonforfeitable percentage at the relevant time; AB is the account balance
      at the relevant time; and D is the amount of the nonforfeitable
      percentage.

     

    2.           Allocation
      of Forfeitures.  Any amounts forfeited by a Member from his Prior Plan
      Scheduled Vesting Match Subaccount shall be applied in the following
      order:

     

    
      	
               

            	
              (a)

            	
              to
                restore forfeited amounts to individuals reemployed as an
                Employee;

            

    

     

    
      	
               

            	
              (b)

            	
              to
                restore unclaimed benefits pursuant to Article 19;
                and

            

    

     

    
      	
               

            	
              (c)

            	
              to
                reduce the Contributing Company Contribution under Article 6 to the
                extent
                of  such contributions.

            

    

     

    3.           Restoration
      of Forfeitures Upon Reemployment.  If a “Former Member,” within the
      meaning of the Shell Trading Savings Plan, who has forfeited an amount under
      Paragraph 1 above is re-employed, a Contributing Company contribution of the
      amount forfeited shall be made and credited to the Member’s Prior Plan Scheduled
      Vesting Match Subaccount on behalf of such Member.

     

     

    
      
        
        

      

      
        Sched.D
–
          87

        
          

        

      

      
        Index

      

    

     

     

    4.           Special
      Vesting Provisions.  Notwithstanding Paragraph 1 above, the
      following special vesting provisions shall apply:

     

    
      	
               

            	
              (a)

            	
              Each
                Member who is an Enterprise Transferred Employee shall be fully vested,
                effective as of September 17, 1999, in his Prior Plan Scheduled
                Vesting Match Subaccount balance attributable to matching contributions
                made prior to his transfer to Enterprise Products Company. For purposes
                of
                this sub-paragraph, an “Enterprise Transferred Employee”
                means an individual who is employed by Enterprise Products Company
                under
                the terms of that Contribution Agreement, dated effective September
                17,
                1999, between Tejas Energy, LLC and others, including Enterprise
                Products
                Company, and who was an employee of a participating company under
                the
                Shell Trading Savings Plan immediately preceding his employment with
                Enterprise Products Company.

            

    

     

    
      	
               

            	
              (b)

            	
              Each
                Member who is employed by InterGen Services, Inc. on January 1, 2001,
                in connection with the formation of InterGen North America, LP, a
                joint
                venture by and between Shell Power GP Holding and Bechtel Enterprises
                Holdings, Inc., and who was an employee of a participating company
                under
                the Shell Trading Savings Plan immediately preceding his employment
                with
                InterGen Services, Inc., shall be fully vested, effective as of
                January 1, 2001, in his Prior Plan Scheduled Vesting Match Subaccount
                balance attributable to matching contributions made prior to
                January 1, 2001.

            

    

     

    
      	
               

            	
              (c)

            	
              Each
                Member who is employed by Enterprise Products Operating L.P. on
                April 1, 2001, in connection with that Purchase and Sale Agreement
                between Coral Energy, LLC and Enterprises Products Operating L.P.
                for the
                sale of Coral Energy, LLC’s membership interests in Acadian Gas, LLC to
                Enterprise Products Operating L.P., and who is an employee of a
                participating company under the Shell Trading Savings Plan immediately
                preceding his employment with Enterprise Products Operating L.P.
                shall be
                fully vested in his Prior Plan Scheduled Vesting Match Subaccount
                balance
                attributable to matching contributions made prior to April 1,
                2001.

            

    

     

    
      	
               

            	
              (d)

            	
              Special
                vesting rules in connection with the sale by InterGen (North America)
                Inc.
                of its equity interests in Tejas Gas, LLC and its subsidiaries to
                Kinder
                Morgan Energy Partners, L.P. as of February 28,
                2002:

            

    

     

    
      	
               

            	
              (i)

            	
              An
                individual who on February 28, 2002, is either an employee under the
                Shell Trading Savings Plan or an employee of a “25% Affiliated Entity,”
                within the meaning of the Shell Trading Savings Plan, who has an
                application for employment offer accepted by Kinder Morgan Energy
                Partners, L.P. and who performs services with Kinder Morgan Energy
                Partners, L.P. as an employee of Kinder Morgan Energy Partners, L.P.
                on
                March 1, 2002, shall be vested as of February 28, 2002 in his
                accrued benefit under the Shell Trading Savings Plan earned through
                February 28, 2002.

            

    

     

    
      	
               

            	
              (ii)

            	
              An
                individual who on March 14, 2002, is either an employee under the
                Shell Trading Savings Plan or an employee of a “25% Affiliated Entity,”
                within the meaning of the Shell Trading Savings Plan, who has an
                application for employment offer accepted by Kinder Morgan Energy
                Partners, L.P., and who performs services with Kinder Morgan Energy
                Partners, L.P. as an employee of Kinder Morgan Energy Partners, L.P.
                on
                March 15, 2002, shall be vested as of March 14, 2002, in his
                accrued benefit under the Shell Trading Savings Plan earned through
                March 14, 2002.

            

    

     

     

    
      
        
        

      

      
        Sched.D
–
          88

        
          

        

      

      
        Index

      

    

    
 

    SCHEDULE
      E

     

    SPECIAL
      COMPENSATION RULES

     

    

    Compensation
      of a Member shall also
      include the amount of the reduction of a Member’s Base Pay and Variable Pay
      solely as a result of a portion of such Member’s base salary and variable pay
      not being subject to The Netherlands income and social insurance tax, if
      any.

     

    

    
      
        
        

      

      
        Sched.E
–
          89

        
          

        

      

      
        Index

      

    

    

    

    SCHEDULE
      F

     

     

     

     

    
      	 	
               Part
                One

            	 	 
	 Business
              Entity  	 	 	 Date
              of Adoption
	 	 	 	 
	 Billiton
              Metals Inc.  	 	 	  January
              1, 1993
	 	
               Part
                Two

            	 	 
	 	 	 	 
	 Business
              Entity  	 	 	  Date
              of Acquisition
	 	 	 	 
	 The
              Goodyear Tire & Rubber Company	 	 	  December
              18,
              1992
	 	 	 	 
	 Hi-Tek
              Polymers, Inc.  	 	 	 April
              1, 1993
	 	 	 	 
	 Schering
              Berlin Polymers, Inc. 	 	 	  April
              2, 1993

    

     

                                                                                                  

     

                                                                                                 

    
      
        
        

      

      
        Sched.F
–
          90

        
          

        

      

      
        Index

      

    

                                                                                                   

     

    

    SCHEDULE
      G

     

    Part
      One

     

    

    Incentive
      Compensation Plans

     

    Incentive
      Compensation Plan (as adopted by Shell Oil Company and certain of its
      subsidiaries with effect from 1/1/94)

     

    Shell
      Polypropylene Company 1995 Incentive Compensation Plan

     

    Success
      Shares - CalResources Incentive Compensation Plan

    

    Part
      Two

     

    

    (Intentionally
      left blank)

     

     

    
      
        
        

      

      
        Sched.G
–
          91

        
          

        

      

      
        Index

      

    

     

    

    SHELL
      PROVIDENT FUND

     

    TRUST
      AGREEMENT

    

    TRUST
      AGREEMENT, dated as of the 1st
      day of September 1939, and as amended through June 18, 2007, between the
      Contributing Companies listed on Schedule A to the Regulations and such
      other Affiliated Companies as may become parties hereto from time to time as
      hereinafter provided, and R. J. Braud, J. M. Esquivel,
      F. A. Glaviano, S. Hodge, J. D. Hofmeister, and
      S. P. Methvin, as Trustees, and such other persons as may become
      Trustees hereunder from time to time as hereinafter provided,

     

    W
      I T N E S S E T H:

     

    WHEREAS,
      each of the Contributing
      Companies named in Schedule A desired to adopt, for the exclusive benefit
      of its Employees and their Beneficiaries who become Beneficiaries of the Fund
      hereinafter described, a contributory plan to provide for such Employees upon
      their retirement from employment and, as part of the plan, to join in the
      creation of a trust of personal property to be known as the “Shell Provident
      Fund” to which contributions are to be made by said Employing Company and
      payments are to be made by said Employees for the purpose of distributing to
      said Employees the principal and earnings of the funds to be accumulated in
      the
      Fund arising from said Company Contributions and Member Contributions in
      accordance with the provisions of the Regulations;

     

    WHEREAS,
      the plan and the trust fund to
      be created, are to be administered by Trustees as hereinafter and in the
      Regulations provided; and

     

    WHEREAS,
      by the execution of this
      instrument, each of the Contributing Companies desires to evidence its adoption
      of the plan and its joining in the creation of such Fund, and the Trustees
      desire to evidence their acceptance of the Fund,

     

    NOW,
      THEREFORE, in consideration of the
      premises and of the covenants hereinafter set forth, the Contributing Companies
      which are or become parties hereto and the Trustees hereby agree each with
      the
      other as follows:

     

    

    SECTION
      I

     

    ADOPTION
      OF THE PLAN, CREATION OF THE TRUST,

    AND
      DESIGNATION OF THE TRUSTEES

     

    A.           Each
      of the Contributing Companies hereby adopts the plan as set forth herein and
      in
      the Regulations for the exclusive benefit of its Employees and their
      Beneficiaries and, as part of the plan, hereby joins in the creation of the
      Fund
      as a trust of personal property to which Contributions are to be made for the
      purpose of distributing to the Members the principal and earnings of the funds
      to be accumulated in the Fund arising from the Contributions in accordance
      with
      the Regulations and hereby designates the Trustees named above as the Trustees
      of the Fund.  The Regulations hereto annexed are incorporated herein
      and made a part of the Trust Agreement.

     

    B.           The
      signature of any of the Contributing Companies to any counterpart or copy of
      the
      Trust Agreement shall be sufficient evidence of its adoption of the Regulations
      and Trust Agreement and of its joining in the creation of the Fund and of its
      designation of the Trustees named above.

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 92

        
          

        

      

      
        Index

      

    

     

    
 

    SECTION
      II

     

    ACCEPTANCE
      OF THE TRUST

     

    The
      Trustees hereby accept the trust
      and agree to hold, administer, and disburse all of the principal and earnings
      of
      the funds to be accumulated in the Fund in accordance with all the terms and
      provisions of the Trust Agreement including the Regulations.  The
      signature of any Trustee to any counterpart or copy of the Trust Agreement
      shall
      be sufficient evidence of his acceptance and agreement as
      aforesaid.

     

    

    SECTION
      III

     

    ADMINISTRATION

     

    A.           The
      Trustees may act by a majority of their number then in office either by vote
      at
      a meeting or in writing without a meeting.

     

    B.           The
      Trustees may appoint a chairman and vice-chairman from among their number and
      a
      secretary and such other officers as they may deem advisable who need not be
      Trustees; may appoint an executive committee consisting of three or more
      Trustees with full authority to exercise any of the powers of the Trustees;
      may
      appoint such other committees, whose members need not be Trustees, with such
      powers as they may deem expedient; may provide that any such committee may
      act
      by a majority of its number then in office (but in no event less than two)
      either by a vote at a meeting or in writing without a meeting; may designate
      alternates for any members of any such committee; may adopt by-laws governing
      the transaction of their business and the duties of such officers; may remove
      any such officers, abolish any such committees, and alter or repeal any such
      by-laws; and may transact their business under the name “Shell Provident
      Fund.”

     

    C.           Any
      act of the Trustees or any such committee shall be sufficiently evidenced if
      certified by the secretary appointed by the Trustees or any Trustee or in
      accordance with the by-laws.

     

    

    SECTION
      IV

     

    CONTRIBUTIONS
      TO THE FUND

     

    A.           Contributions
      to the Fund by each of the Contributing Companies and payments by the Members
      shall be made in accordance with the Regulations.

     

    B.           Notwithstanding
      anything herein to the contrary, upon the Employing Company’s request, a Company
      Contribution which was made by a mistake of fact or conditioned upon the initial
      qualification of the Fund or upon the deductibility of any Company Contribution
      to the Fund shall be returned to the contributor within one year after payment
      of the Company Contribution, the denial of the initial qualification or the
      disallowance of the deduction (to the extent disallowed), whichever is
      applicable.

     

    

    SECTION
      V

     

    DISPOSITION
      OF FUNDS

     

    All
      funds received by the Trustees
      hereunder shall be held, managed, deposited, invested, reinvested, disbursed,
      and distributed to or for the benefit of the Members and Beneficiaries in
      accordance with the provisions hereof and of the Regulations.

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 93

        
          

        

      

      
        Index

      

    

     

    
 

    SECTION
      VI

     

    INVESTMENT
      OF FUNDS

     

    A.           All
      funds received by the Trustees which, pursuant to the provisions of
      Article 9 of the Regulations, are subject to a direction to be invested in
      an Investment Offering, other than a Separately Managed Account Fund or the
      Tier IV Fund, shall be invested and reinvested by the Trustees and/or one
      or more Investment Managers or investment advisers in the classes and types
      of
      investments designated by the prospectus and/or other governing document for
      such Investment Offering.  The Trustees’ sole responsibility with
      respect to the Tier IV Fund shall be the responsibility for depositing in the
      BrokerageLink such portion of an Account as the Member or Beneficiary who is
      the
      Accountholder for that Account shall direct in accordance with the
      Regulations.

     

    B.           All
      funds received by the Trustees which, pursuant to the provisions of
      Article 9 of the Regulations, are subject to a direction to be invested in
      a Separately Managed Account Fund, shall be invested and reinvested by the
      Trustees and/or one or more Investment Managers or investment advisers in
      :

     

    
      	
               

            	
              (1)

            	
              any
                “security,” the same being any note, stock, treasury
                stock, security future, bond, debenture, evidence of indebtedness,
                certificate of interest or participation in any profit-sharing agreement,
                collateral-trust certificate, pre-organization certificate or
                subscription, transferable share, investment contract, voting-trust
                certificate, certificate of deposit for a security, fractional undivided
                interest in oil, gas, or other mineral rights, any put, call, straddle,
                option, or privilege on any security, certificate of deposit, or
                group or
                index of securities (including any interest therein or based on the
                value
                thereof), or any put, call, straddle, option, or privilege entered
                into on
                a national securities exchange relating to foreign currency, or,
                in
                general, any interest or instrument commonly known as a “security,” or any
                certificate of interest or participation in, temporary or interim
                certificate for, receipt for, guarantee of, or warrant or right to
                subscribe to or purchase, any of the foregoing, and any other obligations
                or real or personal properties or participations or interests
                therein;

            

    

     

    
      	
               

            	
              (2)

            	
              any
                insurance company group annuity investment contracts and agreements;
                and

            

    

     

    
      	
               

            	
              (3)

            	
              any
                private equities or participations or interests
                therein,

            

    

     

    as
      they
      may deem advisable in their discretion as though they were the beneficial owners
      thereof, excluding in the case of the Thrift Fund securities issued or to be
      issued by any of the Contributing or Affiliated Companies.  The
      Trustees shall have power to sell, transfer, or exchange assets held hereunder
      from time to time at such prices and upon such terms and conditions and in
      such
      manner as they may deem proper.  The Trustees may lend securities held
      hereunder consistent with the fiduciary duty and prohibited transaction
      requirements of ERISA.  The Trustees may exercise any voting powers
      appurtenant to any securities at the time held by them and may execute any
      proxies or powers of attorney (as to either discretionary or ministerial
      matters) and any agreements which they may deem necessary or advisable in
      connection with the investment, holding, or management of the assets in their
      custody and control, it being the intention hereof that the Trustees shall
      have
      full power, within the limitations of this Trust Agreement, to manage all assets
      held by them hereunder, as though the absolute owners thereof.  The
      purchaser of any assets from the Trustees need not inquire into the application
      of the purchase money by the Trustees nor into the expediency or propriety
      of
      the Trustees to negotiate or make the same.  Securities held by the
      Trustees may be registered in the name of the Fund, the Trustees or their agents
      or nominees, or other persons; or they may be unregistered.

     

    C.           Each
      Investment Manager may invest in any single, collective, or common trust fund
      for employee benefit plans qualified under Section 401(a) of the Internal
      Revenue Code of 1986, as amended, or any successor statute, maintained by a
      trust company.  An investment in any collective or common trust fund
      shall not be prohibited even though such collective or common trust fund may
      hold securities issued by any of the Contributing or Affiliated
      Companies.  Without limiting the general­ity of the foregoing, the
      agreement with the bank or trust company may authorize the bank or trust company
      to invest and reinvest the assets transferred to it in interests in any trust
      fund that has been or shall be created and maintained by the bank or trust
      company as trustee for the collective investment of funds of trusts for employee
      benefit plans qualified under Section 401(a) of the Internal Revenue Code
      of 1986, as amended, or any successor statute, as amended, and to the extent
      required by Revenue Ruling 81-100 and further to the extent consistent with
      this
      Trust Agreement the instrument creating such trust fund, together with any
      amendments is hereby incorporated in and made part of this Trust
      Agreement.

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 94

        
          

        

      

      
        Index

      

    

     

     

    D.           In
      addition to any other investments proper under the Fund, the Trustees shall
      have
      the power to invest in one or more collective investment funds now existing
      or
      hereinafter established (including, without limitation, the Shell Savings Group
      Trust established effective January 1, 1996 between Shell Oil Company and the
      then Trustees) which contemplate the commingling for investment purposes of
      the
      funds therein with trust assets of other pension plans which are qualified
      under
      Section 401 of the Code.  To the extent required by Revenue Ruling
      81-100 and to the extent consistent with this Trust Agreement, the instrument
      creating any collective investment fund in which any part of the Fund is
      invested, as in force and effect at the time of the investment and as thereafter
      amended, is hereby incorporated in and made part of this Trust
      Agreement.  Such collective investment fund shall be invested and
      reinvested by its trustees and/or investment managers in the classes and types
      of investments designated by the appropriate provisions of the
      Fund.

     

    

    SECTION
      VII

     

    DELEGATION
      OF POWERS

     

    A.           The
      Trustees may appoint one or more Investment Managers for the Separately Managed
      Account Funds and may delegate to one or more Investment Managers for the
      Separately Managed Account Funds, all or any of the authority, powers, or duties
      conferred upon them by Paragraph B of Section VI hereof. In accordance
      with the directions of the Members or the Beneficiaries, the Trustees shall
      delegate to the investment advisors of the Investment Offerings (other than
      the
      Tier IV Fund Investment Offering), all or any of the authority, powers or
      duties conferred upon them by Paragraph B of Section VI
      hereof.  The Trustees may deliver to such Investment Manager or
      Investment Managers any funds or securities held by the Trustees
      hereunder.  Each Investment Manager shall be a bank, trust company,
      insurance company, investment company, investment advisor, or investment banker,
      satisfying the requirements of section 3(38) of ERISA.  The bank or
      trust company or custodian of the Trust’s funds and securities shall have a
      capital stock and surplus of not less than Fifty Million Dollars ($50,000,000)
      and be adequately insured or bonded.  Each Investment Manager shall
      exercise all the authority, powers, and duties of an Investment Manager as
      provided in this Trust Agreement and in the Regulations.  As to
      certain Plan assets, the Trustees may select a bank or trust company to act
      as
      custodian for same if the Investment Manager or other fiduciary managing such
      assets either does not perform such services or the Trustees believe it to
      be
      advantageous to have another party act as custodian.  Subject to the
      provisions of the Regulations and this Trust Agreement, the appointment of
      an
      Investment Manager shall be upon such terms as the Trustees shall
      determine.  The Trustees may remove an Investment Manager at any time,
      with or without cause, or an Investment Manager may resign at any time in such
      manner as the Trustees shall determine.  In the event of such removal
      or in the event that an Investment Manager shall resign or cease to act, the
      Trustees may exercise the authority, powers, and duties previously exercised
      by
      such Investment Manager, pending delegation of such powers to another Investment
      Manager.

     

    B.           No
      Trustee shall be liable for the acts or omissions of such Investment Manager
      or
      be under an obligation to invest or otherwise manage any asset of the Fund
      which
      is subject to the management of the Investment Manager.

     

    C.           An
      Investment Manager shall keep such books of account and shall submit to such
      audits as the Trustees shall prescribe.

     

    

    SECTION
      VIII

     

    BORROWING
      MONEY

     

    The
      Trustees may borrow money from time
      to time upon such terms and conditions as they may deem expedient, and for
      the
      loans thus made or in renewal thereof they may issue their promissory note
      or
      notes as Trustees and may secure the repayment thereof by pledging any of the
      assets then in their control.

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 95

        
          

        

      

      
        Index

      

    

     

     

    

    SECTION
      IX

     

    COMPENSATION
      AND EXPENSES

     

    A.           The
      Trustees shall not receive any remuneration from the Fund for their
      services.  The following costs and expenses incurred by or in the
      administration of the Fund, if appropriate, shall be paid out of the funds
      held
      by the Trustees:

     

    
      	
               

            	
              (1)

            	
              Compensation
                of independent accountants, counsel, agent or agents, custodians,
                and
                Investment Managers, including investment contract consultants and
                independent counsel assisting in determining the qualified status
                of
                domestic relations orders, as the Trustees or the Plan Administrator
                may
                appoint or employ;

            

    

     

    
      	
               

            	
              (2)

            	
              Premiums
                for insurance against loss of plan assets due to breach of any named
                Fiduciary duty;

            

    

     

    
      	
               

            	
              (3)

            	
              Premiums
                for insurance on behalf of any Fiduciary to cover liability for his
                own
                account;

            

    

     

    
      	
               

            	
              (4)

            	
              Bonding
                expenses required under the Fund;

            

    

     

    
      	
               

            	
              (5)

            	
              User
                fees for requests to the Internal Revenue Service for rulings,
                determination letters, and similar
                requests;

            

    

     

    
      	
               

            	
              (6)

            	
              All
                taxes of any kind that may be levied or assessed under existing or
                future
                laws in respect of the Fund on the income or gains thereof or
                therefrom;

            

    

     

    
      	
               

            	
              (7)

            	
              Brokerage
                commissions, transfer taxes, and other charges and expenses that
                can be
                specifically identified in connection with the purchase and sale
                of
                securities or otherwise carrying out the investment purposes of the
                Investment Offerings; and

            

    

     

    
      	
               

            	
              (8)

            	
              Reasonable
                direct expenses (supported by surrounding facts and circumstances)
                for
                services provided by a Contributing Company for the administration
                of the
                Fund.

            

    

     

    B.           Said
      costs and expenses shall be paid out of the Investment Offering to which they
      relate or allocated among the Investment Offerings on such basis as the Trustees
      shall determine.  Brokerage commissions, transfer taxes or other
      charges and expenses that can be specifically identified in connection with
      the
      purchase and sale of securities shall be added to the cost thereof, or deducted
      from the proceeds thereof, as the case may be.

     

    C.           The
      Contributing Companies shall pay all remaining expenses, which shall be shared
      ratably by them as they may agree, and failing such agreement, as determined
      by
      the Trustees.

     

    

    SECTION
      X

     

    DISCHARGE
      OF DUTIES BY TRUSTEES

     

    A.           The
      Trustees shall be the named Fiduciary under the Fund.  The Trustees
      shall appoint a Plan Adminis­trator who shall also be a named Fiduciary
      under the Fund.  Solely for purposes of directing investments in their
      own Accounts and not for purposes of the operation or administration of the
      Fund, Members and Beneficiaries entitled under the terms of the Regulations
      to
      direct investments in their own Accounts, shall be named Fiduciaries under
      the
      Fund.  The Trustees or the Plan Administrator may employ one or more
      persons to render advice with regard to any responsi­bility the Trustees
      have under the Plan, and may employ counsel and agents and engage such clerical,
      financial, and accounting services as they or he deems expedient.  The
      Trustees shall not be deemed imprudent by reason of their taking or refraining
      from taking action in accordance with the opinion of counsel.  The
      Trustees or the Plan Administrator, as the case may be, shall have the power
      to
      remove and replace anyone they or he shall have appointed or
      employed.  The Trustees shall discharge their respective duties set
      forth in the Fund:

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 96

        
          

        

      

      
        Index

      

    

     

     

    
      	
               

            	
              (1)

            	
              solely
                in the interest of Members and
                Beneficiaries;

            

    

     

    
      	
               

            	
              (2)

            	
              for
                the exclusive purpose of providing bene­fits to Members and
                Beneficiaries (and defraying reasonable expenses of administering
                the
                Fund);

            

    

     

    
      	
               

            	
              (3)

            	
              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 a like
                character and with like aims;

            

    

     

    
      	
               

            	
              (4)

            	
              by
                diversifying the investments of the Fund so as to minimize the risk
                of
                large losses, unless under the circumstances it is clearly prudent
                not to
                do so, or unless the Members or Beneficiaries entitled under the
                terms of
                the Regulations to direct investments in their own Accounts, have
                otherwise directed; and

            

    

     

    
      	
               

            	
              (5)

            	
              in
                accordance with the documents and instruments governing the Fund
                insofar
                as such documents and instruments are consistent with
                ERISA.

            

    

     

    B.           The
      Trustees may rely upon any investment direction of a Member or Beneficiary
      entitled under the terms of the Regulations to direct investments in their
      own
      accounts, as long as any such direction is proper on its face and consistent
      with the Regulations and this Trust Agreement.  Furthermore, each
      Trustee may rely upon any direction, information, or action of another Trustee
      as being proper under this Fund and is not required under this Fund to inquire
      into the propriety of any such direction, information or action.  It
      is intended under this Fund that each Trustee shall be responsible for the
      proper exercise of his own powers, duties, responsibilities, and obligations
      under this Fund and shall not be responsible for any act or failure to act
      of
      another Trustee, except in the following circumstances:  (a) the
      Trustee knowingly participates in or knowingly attempts to conceal the act
      or
      omission of another Fiduciary, and the Trustee knows the act or omission is
      a
      breach of a Fiduciary responsibility by the other Fiduciary; or (b) the
      Trustee has knowledge of a breach by the other Fiduciary and does not make
      reasonable efforts to remedy the breach; or (c) the Trustee’s breach of his
      own Fiduciary responsibility permits the other Fiduciary to commit a
      breach.  No Trustee guarantees the Fund in any manner against
      investment loss or depreciation in asset value.

     

    C.           The
      Trustees shall jointly manage and control the assets of the Fund unless there
      is
      a specific allocation or delegation of specific responsibilities, obligations,
      and duties among the Trustees or the other Fiduciaries.  There may be
      an allocation and delegation of Fiduciary responsibilities other than Trustees’
responsibilities to other Fiduciaries.  If such an allocation or
      delegation shall be made, the specified Trustee or Fiduciary shall then be
      responsible for the duties allocated or delegated, and the other Trustees or
      Fiduciaries shall not be liable for any breach of Fiduciary responsibility
      for
      the duties allocated or delegated except as set forth above.

     

    D.           The
      Trustees and the Plan Administrator shall have such due diligence responsibility
      as set forth in Section 1.4 of the Regulations.  

     

    E.           Notwithstanding
      anything in the Regulations or this Trust Agreement to the contrary, the
      Trustees shall have the right to resolve conflicting rights and claims in such
      a
      manner as is in the best interests of all participants and
      beneficiaries.

     

    F.           The
      companies, jointly and severally, shall indemnify each Fiduciary against all
      or
      any portion of any liability or costs and expenses reasonably incurred by him
      in
      connection with, arising out of, or resulting from any claim, action, suit
      or
      proceeding in which he may be involved by reason of his having been a Fiduciary,
      provided, however, that the Contributing Companies shall not be
      obligated to indemnify a Fiduciary against any such liability, costs, or
      expenses in connec­tion with any action or omission to act in respect of
      which such Fiduciary shall be finally adjudged in any such action, suit, or
      proceeding to have been guilty of fraud or willful misconduct in the performance
      of his duties.

     

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 97

        
          

        

      

      
        Index

      

    

    
 

    SECTION
      XI

     

    COMPROMISE
      OF CLAIMS

     

    The
      Trustees shall have power to settle
      or compromise any claims which they may have as Trustees or which may be made
      against them as Trustees.

     

    

    SECTION
      XII

     

    INTERPRETATION
      OF PROVISIONS:  DETERMINATION OF CONTROVERSIES

     

    Except
      in those cases in which the
      power of determination is expressly reserved to Shell Oil Company, the Trustees
      shall have full power and authority to determine all matters arising in the
      interpretation and application of the Fund or the interpretation and application
      of the Trust Agreement and the Regulations, and the determination of any such
      matter by the Trustees shall be conclusive on all persons.  Whenever
      under the Regulations or the provisions of this Trust Agreement discretion
      is
      granted to the Trustees, which shall affect the benefits, rights, and privileges
      of a Participant, such discretion shall be exercised uniformly so that all
      individuals similarly situated shall be similarly treated.

     

    

    SECTION
      XIII

     

    ADDITIONAL
      COMPANIES

     

    A.           Any
      Affiliated Company may, subject to the approval of the Trustees, become a party
      hereto at any time with like effect from such time as if it were one of the
      Contributing Companies hereinbefore named.

     

    B.           The
      signature of any such Affiliated Company to any counterpart or copy of the
      Trust
      Agreement shall be sufficient evidence of its election to become a party
      hereto.

     

    

    SECTION
      XIV

     

    RESIGNATION
      OR REMOVAL OF TRUSTEES

     

    A.           Any
      Trustee may resign at any time by giving written notice to the other Trustees
      or
      in accordance with the by-laws adopted by the Trustees.

     

    B.           Any
      Trustee may be removed and the number of Trustees may be increased or decreased
      at any time by an instrument executed by Shell Oil Company.

     

    C.           In
      case there shall be any vacancy among the Trustees, whether on account of an
      increase in the number thereof, resignation, removal, death, or otherwise,
      the
      vacancy shall be filled by appointment by Shell Oil Company.  If by
      reason of the discontinuance of the Plan or otherwise Shell Oil Company shall
      cease to be a Contributing Company, then vacancies shall be filled by
      appointment by a majority of the Trustees then in office.

     

    D.           A
      Trustee shall not be liable or responsible in any way for any acts or omissions
      in the administration of the Fund prior to the date he became a Trustee or
      after
      the date he shall cease to be a Trustee.  A successor Trustee shall
      not have any duty to review the actions or accounts of any prior
      Trustee.

     

    E.           The
      signature of any successor or additional Trustee on any counterpart or copy
      of
      the Trust Agreement shall be sufficient evidence of his acceptance of the
      trust.

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 98

        
          

        

      

      
        Index

      

    

     

     

    F.           A
      certificate, executed by any Trustee or in accordance with the by-laws adopted
      by the Trustees, certifying who are or were Trustees hereunder or the number
      thereof at any given time shall be sufficient evidence thereof.

     

    

    SECTION
      XV

     

    TERMINATION
      OF PARTICIPATION IN THE FUND

     

    A.           The
      participation of any of the Contributing Companies in the Fund (including the
      obligation to make further contributions to the Fund for the account of its
      employees who are Participants, with respect to periods subsequent to the
      cessation of its participation) shall terminate whenever (1) such Contributing
      Company is dissolved or liquidated or ceases for any reason to be an Affiliated
      Company of Shell Oil Company, (2) it withdraws from the Fund, or (3) its
      participation is terminated by Shell Oil Company.  For purposes of the
      preceding sentence, “Affiliated Company” shall be as defined in the first
      sentence of Section 2.2 of the Regulations.  The Contributing
      Company shall provide written notice of its cessation of participation to all
      of
      its Employees who are Members of the Fund.

     

    B.           In
      the event of termination of participation in the Fund by any one or more of
      the
      Contributing Companies, the right and obligation of Members who are then in
      its
      or their employ to make further contributions to the Fund, with respect to
      periods subsequent to the cessation of the Contributing Company’s or Companies’
participation, shall cease.  In such event, the Trustees, upon advice
      of counsel, shall for the purposes of Article 12 of the Regulations, treat
      the
      service of such Members as having terminated at the time of such termination
      of
      participation.

     

    C.           If,
      after the termination of participation in the Plan by all Contributing Companies
      and after the payment to the Participants and Beneficiaries of amounts standing
      to their credit as provided in the Regulations, any assets then remaining in
      the
      Fund, such assets shall be distributed by the Trustees to or for the exclusive
      benefit of such Participants and Beneficiaries in such equitable and
      nondiscriminatory manner as the Trustees may determine in the exercise of their
      fiduciary duty.  In no event shall the Contributing Companies receive
      any amounts from the Fund.

     

    

    SECTION
      XVI

     

    DISPOSITION
      OF CORPUS OR INCOME:  DURATION

     

    No
      part of the corpus or income of the
      Fund shall, prior to the satisfaction of all liabilities with respect to Members
      under the Regulations, be used for or diverted to purposes other than the
      exclusive benefit of Members or Beneficiaries, and the Fund shall continue
      for
      such time as may be necessary to accomplish the purpose for which it is
      created.

     

    

    SECTION
      XVII

     

    AMENDMENT
      OF TRUST AGREEMENT AND REGULATIONS

     

    Subject
      to the provisions of
      Section XVI, the Trust Agreement and the Regulations may be amended in
      accordance with the provisions of the Regulations.

     

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 99

        
          

        

      

      
        Index

      

    

    
 

    SECTION
      XVIII

     

    NON-ALIENATION
      OF RIGHTS

     

    No
      sums or shares or any other
      securities standing to the credit of any Member under the provisions of the
      Plan
      shall be subject in any manner to anticipation, alienation, sale, transfer,
      assignment, pledge, encumbrance, or charge; and any attempt so to anticipate,
      alienate, sell, transfer, assign, pledge, encumber, or charge the same shall
      be
      void; nor shall any such sums, shares or securities be in any manner liable
      for
      or subject to the debts, contracts, liabilities, engagements, or torts of any
      Member.  This provision shall not be applicable to a qualified
      domestic relations order as defined in Section 206(d) of ERISA and
      Section 414(p) of the Code which may direct payment or distribution of all
      or part of such sums, shares or securities to an Alternate Payee.  Any
      accrued benefit of a Participant or Beneficiary may be apportioned between
      the
      Participant or Beneficiary and the Alternate Payee either through separate
      accounts or by providing the Alternate Payee a severable portion of the
      Participant’s or Beneficiary’s Account.

     

    

    SECTION
      XIX

     

    MERGER
      OR CONSOLIDATION OF FUND

     

    A.           In
      the event of the dissolution, merger, consolidation, or reorganization of a
      Contributing Company, provision may be made by which the Fund will be continued
      by the successor; and, in that event, such successor shall be substituted for
      such Contributing Company under the Fund.  The substitution of the
      successor shall constitute an assumption of liabilities to the Fund by the
      successor and the successor shall have all the powers, duties, and
      responsibilities of such Contributing Company under the Fund.

     

    B.           In
      the event of any merger or consolidation of the Fund, or transfer in whole
      or in
      part of the assets and liabilities of the Fund to another trust fund, or to
      any
      other plan of deferred compensation maintained or to be established by an
      employer for the exclusive benefit of all or some of its employees, the assets
      of the Fund applicable to such Members shall be transferred to the other trust
      fund or plan only if:

     

    
      	
               

            	
              (1)

            	
              each
                Participant would (if either this Fund or the other plan then terminated)
                receive a benefit immediately after the merger, consolidation, or
                transfer
                which is equal to or greater than the benefit he would have been
                entitled
                to receive immediately before the merger, consolidation or transfer
                (if
                this Fund had then terminated);

            

    

     

    
      	
               

            	
              (2)

            	
              the
                Trustees shall authorize such transfer of assets and, in the case
                of the
                new or successor employer of the affected Participants, its resolutions
                shall include an assumption of liabilities with respect to such
                Participants’ inclusion in the new employer’s plan;
                and

            

    

     

    
      	
               

            	
              (3)

            	
              such
                other plan and trust are qualified under Sections 401(a) and 501(a)
                of the Internal Revenue Code of 1986, as amended, or any successor
                statute.

            

    

     

    

    SECTION
      XX

     

    EXECUTION,
      DELIVERY, AND INVALIDITY

     

    A.           To
      the extent not preempted by the Employee Retirement Income Security Act of
      1974,
      as amended, the Trust Agreement (including the Regulations) shall be governed
      by
      the laws of the state of Texas.

     

    B.           If
      any provision of this Agreement shall be held invalid or unenforceable, such
      invalidity or unenforceability shall not affect any other provisions hereof
      and
      this Agreement shall be construed and enforced as if such provisions had not
      been included.

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 100

        
          

        

      

      
        Index

      

    

     

     

    IN
      WITNESS WHEREOF, the respective
      Companies have caused their names to be signed and their corporate seals to
      be
      affixed by their proper officers, thereunto duly authorized, and the Trustees
      have hereunto set their respective hands and seals.

     

    
      	
               

            	
              SHELL
                OIL COMPANY

            

    

    
      	
               

            	
              CORAL
                ENERGY SERVICES, LLC

            

    

    
      	
               

            	
              CRI
                U.S. LP

            

    

    
      	
               

            	
              EQUILON
                ENTERPRISES LLC d/b/a SHELL OIL PRODUCTS
                US

            

    

    
      	
               

            	
              MOTIVA
                COMPANY

            

    

    
      	
               

            	
              PECTEN
                MIDDLE EAST SERVICES COMPANY
                LIMITED

            

    

    
      	
               

            	
              PECTEN
                OVERSEAS SERVICES COMPANY

            

    

    
      	
               

            	
              PECTEN
                PRODUCING COMPANY

            

    

    
      	
               

            	
              PECTEN
                SERVICES COMPANY

            

    

    
      	
               

            	
              PENNZOIL-QUAKER
                STATE COMPANY d/b/a SOPUS PRODUCTS

            

    

    
      	
               

            	
              SHELL
                AGRICULTURAL CHEMICAL COMPANY

            

    

    
      	
               

            	
              SHELL
                CHEMICAL LP

            

    

    
      	
               

            	
              SHELL
                DOWNSTREAM INC.

            

    

    
      	
               

            	
              SHELL
                ENERGY RESOURCES COMPANY

            

    

    
      	
               

            	
              SHELL
                ENERGY SERVICES COMPANY, L.L.C.

            

    

    
      	
               

            	
              SHELL
                EXPATRIATE EMPLOYMENT US INC.

            

    

    
      	
               

            	
              SHELL
                EXPLORATION & PRODUCTION
                COMPANY

            

    

    
      	
               

            	
              SHELL
                GLOBAL SOLUTIONS (US) INC.

            

    

    
      	
               

            	
              SHELL
                INFORMATION TECHNOLOGY INTERNATIONAL
                INC.

            

    

    
      	
               

            	
              SHELL
                INTERNATIONAL EXPLORATION AND PRODUCTION
                INC.

            

    

    
      	
               

            	
              SHELL
                MARINE PRODUCTS (US) COMPANY

            

    

    
      	
               

            	
              SHELL
                NORTH AMERICA GAS & POWER SERVICES
                COMPANY

            

    

    
      	
               

            	
              SHELL
                OFFSHORE INC.

            

    

    
      	
               

            	
              SHELL
                OIL PRODUCTS COMPANY LLC

            

    

    
      	
               

            	
              SHELL
                PIPELINE COMPANY LP

            

    

    
      	
               

            	
              SHELL
                TECHNOLOGY VENTURES INC.

            

    

    
      	
               

            	
              SHELL
                TRADING GP OVERSEAS SERVICES
                COMPANY

            

    

    
      	
               

            	
              SHELL
                TRADING NORTH AMERICA COMPANY

            

    

    
      	
               

            	
              SHELL
                TRADING SERVICES COMPANY

            

    

    
      	
               

            	
              SHELL
                TRADING (US) COMPANY

            

    

    
      	
               

            	
              SHELL
                US GAS & POWER LLC

            

    

    
      	
               

            	
              SHELL
                WINDENERGY SERVICES INC.

            

    

    
      	
               

            	
              SIEP
                OVERSEAS SERVICES, INC.

            

    

    
      	
               

            	
              SPLC
                SERVICES COMPANY LLC

            

    

    
      	
               

            	
              SWEPI
                LP

            

    

    

            R. J. Braud                                J. M.
      Esquivel

            F. A. Glaviano                          S. Hodge

            J. D. Hofmeister                       S. P. Methvin

    

     

     

    
      
        
        

      

      
        Tr.Agmt.
          – 101

        
          

        

      

      
        Index

      

    

     

    
 

    I,
      ________________________________, DO
      HEREBY CERTIFY that I am Secretary of the Trustees acting under the foregoing
      Shell Provident Fund Trust Agreement dated as of September 1, 1939, and
      that the foregoing is a true and correct copy of said Trust Agreement and
      Regulations as amended to this date and that the same are now in full force
      and
      effect.

     

    WITNESS
      my hand this ________ day of
      _________________, 20___.

     

    

    
      	
               

            	         

    

                          
  Secretary

    

    

    Each
      of the undersigned successor or
      additional Trustees has hereunto set his hand and seal to witness his acceptance
      of the Trust as of the date set forth opposite his name.

    

    

    

    _____________________                                                      _________________________
      (L.S.)

                     Date

    

    

    _____________________                                                      _________________________
      (L.S.)

                     Date

    

    

    _____________________                                                      _________________________
      (L.S.)

                     Date

    

    

    _____________________                                                      _________________________
      (L.S.)

                     Date

    

    

    _____________________                                                      _________________________
      (L.S.)

                     Date

    

    

    _____________________                                                      _________________________
      (L.S.)

                     Date

    

    

     

    Tr.
      Agmt. –
      102<PAGE>
EXHIBIT 10.01

                        AMENDED SHARE EXCHANGE AGREEMENT

     THIS AMENDED SHARE EXCHANGE AGREEMENT, dated as of the [__] day of June,
2007 (the "Agreement"), by and among Digital Learning Management Corporation., a
Delaware corporation (the "Company"); Changchun Yongxin Dirui Medical Co., Ltd,
a China corporation ("Yongxin"); and all of the shareholders of Yongxin, each of
whom has executed a counterpart signature page to this Agreement (each, a
"Shareholder" and collectively, the "Shareholders"). The Company, Yongxin and
the Shareholders are collectively referred to herein as the "Parties".

                              W I T N E S S E T H:

     WHEREAS, the Shareholders own all of the issued and outstanding capital of
Yongxin (the "Yongxin Shares"), which in turn wholly owns Jilin procinceYongxin
Chain Drugstore Ltd, a company formed under the laws of the People's Republic of
China (the "Subsidiary").

     WHEREAS, the Company desires to acquire from Shareholders, and Shareholders
desire to sell to the Company, the Yongxin Shares in exchange for the issuance
by the Company of an aggregate of 21,000,000 shares of Company Common Stock and
5,000,000 shares of the Company Preferred Stock (the "Company Shares") (post
Roll Back) to the Shareholders and/or their designees on the terms and
conditions set forth herein (the "Exchange").

     WHEREAS, after giving effect to the Exchange, and the Roll Back (as each is
described herein), there will be approximately 26,500,001 shares of Company
Common Stock issued and outstanding, 3,500,000 shares set aside for issuance
upon conversion of debt, 30,000,001 shares set aside for conversion of the
Series A Convertible Preferred Stock and 75,000,000 shares of Common Stock
authorized.

     WHEREAS, the parties intend, by executing this Agreement, to implement a
tax-deferred exchange of property governed by Section 351 of the United States
Internal Revenue Code of 1986, as amended (the "Code").

     NOW, THEREFORE, in consideration, of the promises and of the mutual
representations, warranties and agreements set forth herein, the parties hereto
agree as follows:

                                    ARTICLE I
                                  THE EXCHANGE

     1.1 The Exchange. Subject to the terms and conditions of this Agreement, on
the Closing Date (as hereinafter defined):

          (a) the Company shall issue and deliver to the Shareholders and/or
their designees the number of authorized but unissued shares of Company Common
Stock and Company Preferred Stock set forth opposite their and/or their
designee's names set forth on Schedule 1.1(a) hereto or pursuant to separate
instructions to be delivered prior to Closing, and

                                       1
<PAGE>

          (b) each share of Company Preferred Stock shall be convertible into
Company common shares and have the rights and preferences as set forth in the
attached Certificate of Designation, Preferences and Rights of the Terms of the
Series A Preferred Stock, and

          (c) Each Yongxin Shareholder agrees to contribute, transfer, assign
and convey at Closing all of their Yongxin Shares to the Corporation, together
with all other rights, claims and interests he or she may have with respect to
Yongxin or its respective assets, and all claims he may have against its
officers and directors, including, but not limited to, all rights to unpaid
dividends and all claims and causes of action arising from or in connection with
the ownership of Yongxin Shares or its issuance, excluding any right, claim or
interest of same arising under this Agreement or in connection with the
transaction contemplated by this Agreement. Each Yongxin Shareholder shall
deliver to Yongxin all of his evidence of ownership representing the Yongxin
Shares, together with legally valid transfer authority therefore, duly executed
in blank, to be held by Yongxin for delivery at Closing.

     1.2 Time and Place of Closing. The closing of the transactions contemplated
hereby (the "Closing") shall take place upon satisfaction or waiver by the
appropriate parties of all conditions precedent, at the offices of Legal &
Compliance LLC on or before [_________], 2007 (the "Closing Date") at 3:00 p.m.
Pacific Time, or at such place and time as mutually agreed upon by the parties
hereto.

     1.3 Effective Time. The Exchange shall become effective (the "Effective
Time") at such time as all of the conditions to set forth in Article VII hereof
have been satisfied or waived by the Parties hereto.

     1.4 Tax Consequences. It is intended by the parties hereto that for United
States income tax purposes, the contribution and transfer of the Yongxin Shares
by the Shareholders to the Company in exchange for Company Shares constitutes a
tax-deferred exchange within the meaning of Section 351 of the Code.

                                   ARTICLE II
                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

     The Company represents and warrants to Yongxin and the Shareholders each of
which the Corporation represents to be true and correct on the date hereof and
(except as the Corporation may notify Yongxin in writing prior to the Closing)
shall be deemed made again as of the Closing and represented by the Corporation
to be true and correct at the time of the Closing:

     2.1 Due Organization and Qualification; Due Authorization.

          (a) The Company is a corporation duly incorporated, validly existing
and in good standing under the laws of the State of Delaware, with full
corporate power and authority to own, lease and operate its respective business
and properties and to carry on its business in the places and in the manner as
presently conducted or proposed to be conducted. The Corporation has the full
power and authority to conduct the business in which it will engage upon
completion of the transaction contemplated herein. The Company is in good
standing as a foreign corporation in each jurisdiction in which the properties

                                       2
<PAGE>

owned, leased or operated, or the business conducted, by it requires such
qualification except for any such failure, which when taken together with all
other failures, is not likely to have a material adverse effect on the business
of the Company. Accurate, current and complete copies of the Articles of
Incorporation and Bylaws of the Corporation are attached hereto as Schedule
2.1(a).

          (b) The Company does not own, directly or indirectly, any capital
stock, equity or interest in any corporation, firm, partnership, joint venture
or other entity except its subsidiaries a list of which are set forth on
Schedule 2.1(b).

          (c) The Company has all requisite corporate power and authority to
execute and deliver this Agreement, and to consummate the transactions
contemplated hereby and thereby. The Company has taken all corporate action
necessary for the execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby, and this Agreement constitutes the
valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, except as may be affected by bankruptcy, insolvency,
moratoria or other similar laws affecting the enforcement of creditors' rights
generally and subject to the qualification that the availability of equitable
remedies is subject to the discretion of the court before which any proceeding
therefore may be brought, equitable remedies is subject to the discretion of the
court before which any proceeding therefore may be brought.

     2.2 No Conflicts or Defaults. The execution and delivery of this Agreement
by the Company and the consummation of the transactions contemplated hereby do
not and shall not (a) contravene the Articles of Incorporation, as amended, or
By-laws of the Company or (b) with or without the giving of notice or the
passage of time (i) violate, conflict with, or result in a breach of, or a
default or loss of rights under, any material covenant, agreement, mortgage,
indenture, lease, instrument, permit or license to which the Company is a party
or by which the Company is bound, or any judgment, order or decree, or any law,
rule or regulation to which the Company is subject, (ii) result in the creation
of, or give any party the right to create, any lien, charge, encumbrance or any
other right or adverse interest ("Liens") upon any of the assets of the Company,
(iii) terminate or give any party the right to terminate, amend, abandon or
refuse to perform, any material agreement, arrangement or commitment to which
the Company is a party or by which the Company's assets are bound, or (iv)
accelerate or modify, or give any party the right to accelerate or modify, the
time within which, or the terms under which, the Company is to perform any
duties or obligations or receive any rights or benefits under any material
agreement, arrangement or commitment to which it is a party.

     2.3 Capitalization. The authorized capital stock of the Company immediately
prior to giving effect to the transactions contemplated hereby consists of
80,000,000 shares of which 75,000,000 , have been designated as Company Common
Stock $.001 par value and 5,000,000 shares have been designed as authorized
Series A Convertible Preferred stock. As of the date hereof, there are
65,862,072 shares of Company Common Stock issued and outstanding. As of the date
immediately proceeding the Exchange, and taking into account the proposed
reverse split and anticipated share issuances, there will be 5,500,001 shares of
the Company Common Stock issued and outstanding and an additional 3,500,000
shares set aside for issuance upon conversion of debt. All of the outstanding
shares of Company Common Stock are, and the Company Shares when issued in
accordance with the terms hereof, will be, duly authorized, validly issued,

                                       3
<PAGE>

fully paid and nonassessable, and have not been or, with respect to the Company
Shares will not be issued in violation of any preemptive right of stockholders.
As of the date hereof, there are 754,000 warrants of which 704,000 are
exercisable at $0.12 per share and 50,000 are exercisable at $3.00 per share and
160,000 options of which 110,000 are exercisable at $0.388 per share and 50,000
are exercisable at $1.00 per share, outstanding. There is no outstanding voting
trust agreement or other contract, agreement, arrangement, call, commitment or
other right of any character obligating or entitling the Company to issue, sell,
redeem or repurchase any of its securities, and there is no outstanding security
of any kind convertible into or exchangeable for Company Common Stock. The
Company has not granted registration rights to any person.

     2.4 Financial Statements(g) . Available for review on the Securities and
Exchange Commission, EDGAR system are the (i) balance sheet of the Company at
December 31, 2005, and the related statements of operations, stockholders'
equity (deficit) and cash flows for the fiscal year then ended, including the
notes thereto, as audited by Kabani & Company, Inc., independent registered
public accounting firm and (ii) unaudited balance sheet of the Company at March
31, 2007, and the related statements of operations, and cash flows for the nine
month period then ended (the "Financial Statements"). The Financial Statements,
together with the notes thereto, have been prepared in accordance with U.S.
generally accepted accounting principles applied on a basis consistent
throughout all periods presented. The Financial Statements present fairly the
financial position of the Company as of the dates and for the periods indicated.
The books of account and other financial records of the Company have been
maintained in accordance with good business practices.

     2.5 No Assets or Liabilities. Except as set forth on the Financial
Statements and as incurred in the ordinary course of business, or for those not
incurred in the ordinary course of business as set forth on Schedule 2.5 hereto,
the Company does not have any (a) assets of any kind or (b) liabilities or
obligations, whether secured or unsecured, accrued, determined, absolute or
contingent, asserted or unasserted or otherwise.

     2.6 Taxes. The Company has filed all United States federal, state, county
and local returns and reports which were required to be filed on or prior to the
date hereof in respect of all income, withholding, franchise, payroll, excise,
property, sales, use, value-added or other taxes or levies, imposts, duties,
license and registration fees, charges, assessments or withholdings of any
nature whatsoever (together, "Taxes"), and has paid all Taxes (and any related
penalties, fines and interest) which have become due pursuant to such returns or
reports or pursuant to any assessment which has become payable, or, to the
extent its liability for any Taxes (and any related penalties, fines and
interest) has not been fully discharged, the same have been properly reflected
as a liability on the books and records of the Company and adequate reserves
therefore have been established.

     2.7 Indebtedness; Contracts; No Defaults. Except as otherwise disclosed,
the Corporation's periodic reports available on the EDGAR filing system contain
an accurate, current and complete list and description of each contract and
agreement, whether written or oral ("Contract"), (other than this Agreement) to
which the Corporation is a party or by which the Corporation or any of its
assets are bound. An accurate, current and complete copy of each Contract has
been or will be made available to Yongxin for inspection and copying. No claim
of breach of contract, tort, product liability or other claim, contingent or
otherwise, has been asserted or threatened against the Corporation nor, to the

                                       4
<PAGE>

best of the Corporation's knowledge, is capable of being asserted by any
employee, creditor, claimant or other person against the Corporation. No state
of facts exists or has existed, nor has any event occurred, which could give
rise to the assertion of any such claim by any person.

     2.8 Offers. Other than in the normal daily operations, there are no
outstanding offers, bids, proposals or quotations made by the Corporation which,
if accepted, would create a Contract with the Corporation.

     2.9 Real Property. The Company does not own or lease any real property.

     2.10 Compliance with Law. The Company is in compliance with all applicable
federal, state, local and foreign laws and regulations relating to the
protection of the environment and human health. There are no claims, notices,
actions, suits, hearings, investigations, inquiries or proceedings pending or,
to the knowledge of the Company, threatened against the Company that are based
on or related to any environmental matters or the failure to have any required
environmental permits, and there are no past or present conditions that the
Company has reason to believe are likely to give rise to any material liability
or other obligations of the Company under any environmental laws. The
Corporation has not generated any hazardous wastes or engaged in activities
which are or could be interpreted to be potential violations of laws or judicial
decrees in any manner regulating the generation or disposal of hazardous waste.
There are no on-site or off-site locations where the Corporation has stored,
disposed or arranged for the disposal of chemicals, pollutants, contaminants,
wastes, toxic substances, petroleum or petroleum products; there are no
underground storage tanks located on property owned or leased by the
Corporation, and no polychlorinated biphenyls are used or stored at any property
owned or leased by the Corporation.

     2.11 Permits and Licenses. The Company has all certificates of occupancy,
rights, permits, certificates, licenses, franchises, approvals and other
authorizations as are reasonably necessary to conduct its respective business
and to own, lease, use, operate and occupy its assets, at the places and in the
manner now conducted and operated, except those the absence of which would not
materially adversely affect its respective business.

     2.12 Litigation. There is no claim, dispute, action, suit, proceeding or
investigation pending or, to the knowledge of the Company, threatened, against
or affecting the business of the Company, or challenging the validity or
propriety of the transactions contemplated by this Agreement, at law or in
equity or admiralty or before any federal, state, local, foreign or other
governmental authority, board, agency, commission or instrumentality, nor to the
knowledge of the Company, has any such claim, dispute, action, suit, proceeding
or investigation been pending or threatened, during the twelve month period
preceding the date hereof. Except as disclosed on Schedule 2.12 hereto, there is
no outstanding judgment, order, writ, ruling, injunction, stipulation or decree
of any court, arbitrator or federal, state, local, foreign or other governmental
authority, board, agency, commission or instrumentality, against or materially
affecting the business of the Company except as set out in schedule IV. The
Company has not received any written or verbal inquiry from any federal, state,
local, foreign or other governmental authority, board, agency, commission or
instrumentality concerning the possible violation of any law, rule or regulation
or any matter disclosed in respect of its business.

                                       5
<PAGE>

     2.13 Insurance. The Company does not currently maintain any form of
insurance.

     2.14 Patents; Trademarks and Intellectual Property Rights. The Company does
not own or possess any patents, trademarks, service marks, trade names,
copyrights, trade secrets, licenses, information, Internet web site(s) or
proprietary rights of any nature.

     2.15 Securities Law Compliance. The Company has complied with all of the
applicable requirements of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") and the Securities Act of 1933, as amended (the "Securities
Act"), and has complied with all applicable blue sky laws.

     2.16 Officers, Directors, Agents, etc. Umesh I Patel, Gregory Frazer,
Khalid Sheikh, Al Jinnah and Craig Nagasugi are the sole officers and directors
of the Corporation. Umesh Patel and Craig Nagasugi have employment agreements.

     2.17 Labor Matters. The Corporation is not a party to: (i) any profit
sharing, pension, retirement, deferred compensation, bonus, stock option, stock
purchase, retainer, consulting, health, welfare or incentive plan or agreement
or other employee benefit plan, whether legally binding or not; or (ii) any plan
providing for "fringe benefits" to its employees, including, but not limited to,
vacation, disability, sick leave, medical, hospitalization and life insurance
and other insurance plans, or related benefits; or (iii) any employment
agreements other than those particular employment agreements with Umesh Patel
and Craig Nagasugi. No person or party (including, but not limited to,
governmental agencies of any kind) has any claim or basis for any action or
proceeding against the Corporation arising out of any statute, ordinance or
regulation relating to discrimination in employment or to employment practices
or occupational safety and health standards.

     2.18 Books and Records. The Corporation's books and records are and have
been properly prepared and maintained in form and substance adequate for
preparing audited financial statements in accordance with generally accepted
accounting principles, and fairly and accurately reflect all of the
Corporation's assets, obligations and accruals, and all transactions (normally
reflected in books and records in accordance with generally accepted accounting
principles) to which the Corporation is or was a party or by which the
Corporation or any of its assets are or were affected.

     2.19 Consents. The execution, delivery and performance by the Corporation
of this Agreement and the consummation by the Corporation of the transactions
contemplated hereby do not require any consent that has not been received prior
to the date hereof.

     2.20 Improper Payments. Neither the Corporation, nor any of its current or
former shareholders, directors, officers or employees or agents, nor any person
acting on behalf of the Corporation, has, directly or indirectly, made any
bribe, kickback or other payment of a similar or comparable nature, whether
lawful or not, to any person, public or private, regardless of form, whether in
money, property or services, to obtain favorable treatment for business secured
or special concessions already obtained. No funds or assets of the Corporation
were donated, lent or made available directly or indirectly for the benefit of,
or for the purpose of supporting or opposing, any government or subdivision
thereof, political party, candidate or committee, either domestic or foreign.
The Corporation has not maintained and does not maintain a bank account, or any
other account of any kind, whether domestic or foreign, which account was not or
is not reflected in the Corporation's books and records, or which account was
not listed, titled or identified in the name of the Corporation.

                                       6
<PAGE>

     2.21 Full Disclosure. All the representations and warranties made by the
Corporation herein or in any Schedule, and all of the statements, documents or
other information pertaining to the transaction contemplated herein made or
given by the Corporation, its agents or representatives, are complete and
accurate, and do not omit any information required to make the statements and
information provided, in light of the transaction contemplated herein,
non-misleading, accurate and meaningful.

                                   ARTICLE III
                    REPRESENTATIONS AND WARRANTIES OF YONGXIN

     Yongxin and the Shareholders severally represent and warrant to the Company
each of which Yongxin and the Shareholders represents to be true and correct on
the date hereof and (except as Yongxin and the Shareholders may notify the
Corporation in writing prior to the Closing) shall be deemed made again as of
the Closing and represented by Yongxin and the Shareholders to be true and
correct at the time of the Closing:

     3.1 Due Organization and Qualification; Subsidiaries, Due Authorization.

          (a) Yongxin is a corporation duly incorporated, validly existing and
in good standing under the laws of the China, with full corporate power and
authority to own, lease and operate its business and properties and to carry on
its business in the places and in the manner as presently conducted or proposed
to be conducted. Yongxin is in good standing as a foreign corporation in each
jurisdiction in which the properties owned, leased or operated, or the business
conducted, by it requires such qualification except for any such failure, which
when taken together with all other failures, is not likely to have a material
adverse effect on the business of Yongxin. Yongxin has the full power and
authority to conduct the business in which it will engage upon completion of the
transaction contemplated herein.

          (b) Yongxin does not own, directly or indirectly, any capital stock,
equity or interest in any corporation, firm, partnership, joint venture or other
entity, other than the Subsidiary. The Subsidiary is wholly owned by Yongxin ,
free and clear of all liens. There is no contract, agreement, arrangement,
option, warrant, call, commitment or other right of any character obligating or
entitling Yongxin to issue, sell, redeem or repurchase any of its securities,
and there is no outstanding security of any kind convertible into or
exchangeable for securities of Yongxin or the Subsidiary.

          (c) Yongxin has all requisite power and authority to execute and
deliver this Agreement, and to consummate the transactions contemplated hereby
and thereby. Yongxin has taken all corporate action necessary for the execution
and delivery of this Agreement and the consummation of the transactions
contemplated hereby, and this Agreement constitutes the valid and binding
obligation of Yongxin, enforceable against Yongxin in accordance with its terms,
except as may be affected by bankruptcy, insolvency, moratoria or other similar
laws affecting the enforcement of creditors' rights generally and subject to the
qualification that the availability of equitable remedies is subject to the
discretion of the court before which any proceeding therefore may be brought.

                                       7
<PAGE>

     3.2 No Conflicts or Defaults. The execution and delivery of this Agreement
by Yongxin and the consummation of the transactions contemplated hereby do not
and shall not (a) contravene the governing documents of Yongxin or any of the
Subsidiaries, or (b) with or without the giving of notice or the passage of
time, (i) violate, conflict with, or result in a breach of, or a default or loss
of rights under, any material covenant, agreement, mortgage, indenture, lease,
instrument, permit or license to which Yongxin or any of the Subsidiaries is a
party or by which Yongxin or any of the Subsidiaries or any of their respective
assets are bound, or any judgment, order or decree, or any law, rule or
regulation to which their assets are subject, (ii) result in the creation of, or
give any party the right to create, any lien upon any of the assets of Yongxin
or any of the Subsidiaries, (iii) terminate or give any parry the right to
terminate, amend, abandon or refuse to perform any material agreement,
arrangement or commitment to which Yongxin is a party or by which Yongxin or any
of its assets are bound, or (iv) accelerate or modify, or give any party the
right to accelerate or modify, the time within which, or the terms under which
Yongxin is to perform any duties or obligations or receive any rights or
benefits under any material agreement, arrangement or commitment to which it is
a party.

     3.3 Capitalization. The authorized capital stock of Yongxin immediately
prior to giving effect to the transactions contemplated hereby consists of
$1,827,805 registered capital. Except as set forth herein, all of the registered
capital of Yongxin is duly authorized, validly issued, fully paid and
nonassessable, and have not been or, with respect to Yongxin Shares, will not be
transferred in violation of any rights of third parties. The Yongxin Shares are
not subject to any preemptive or subscription right, any voting trust agreement
or other contract, agreement, arrangement, option, warrant, call, commitment or
other right of any character obligating or entitling Yongxin to issue, sell,
redeem or repurchase any of its securities, and there is no outstanding security
of any kind convertible into or exchangeable for common shares. All of the
Yongxin Shares are owned of record and beneficially by the Shareholders free and
clear of any liens, claims, encumbrances, or restrictions of any kind.

     3.4 Taxes. Yongxin has filed all returns and reports which were required to
be filed on or prior to the date hereof, and has paid all Taxes (and any related
penalties, fines and interest) which have become due pursuant to such returns or
reports or pursuant to any assessment which has become payable, or, to the
extent its liability for any Taxes (and any related penalties, fines and
interest) has not been fully discharged, the same have been properly reflected
as a liability on the books and records of Yongxin and adequate reserves
therefore have been established. All such returns and reports filed on or prior
to the date hereof have been properly prepared and are true, correct (and to the
extent such returns reflect judgments made by Yongxin such judgments were
reasonable under the circumstances) and complete in all material respects.
Except as indicated in 3.4 of the Disclosure Schedule, no extension for the
filing of any such return or report is currently in effect. Except as indicated
in Item 3.4 of the Disclosure Schedule, no tax return or tax return liability of
Yongxin has been audited or, presently under audit. All taxes and any penalties,
fines and interest which have been asserted to be payable as a result of any
audits have been paid. Except as indicated in Item 3.4 of the Disclosure
Schedule, Yongxin has not given or been requested to give waivers of any statute

                                       8
<PAGE>

of limitations relating to the payment of any Taxes (or any related penalties,
fines and interest). There are no claims pending for past due Taxes. Except as
indicated in Item 3.4 of the Disclosure Statement, all payments for withholding
taxes, unemployment insurance and other amounts required to be paid for periods
prior to the date hereof to any governmental authority in respect of employment
obligations of Yongxin have been paid or shall be paid prior to the Closing and
have been duly provided for on the books and records of Yongxin and in the
Yongxin Financial Statements.

     3.5 Financial Statements. Item 3.5 of the Disclosure Schedule to this
Agreement, includes copies the (i) balance sheet of the Company at December 31,
2006, and the related statements of operations, stockholders' equity (deficit)
and cash flows for the fiscal year then ended, including the notes thereto, as
audited by Kabani & Company, independent registered public accounting firm (the
"Financial Statements"). The Financial Statements, together with the notes
thereto, have been prepared in accordance with U.S. generally accepted
accounting principles applied on a basis consistent throughout all periods
presented. The Financial Statements present fairly the financial position of the
Company as of the dates and for the periods indicated. The books of account and
other financial records of the Company have been maintained in accordance with
good business practices.

     3.6 Conduct Since Date of Balance Sheet. Except as otherwise set forth
herein), none of the following has occurred since the date of the Balance Sheet:

          (a) Any material adverse change in the financial condition,
obligations, capitalization, business, prospects or operations of Yongxin, nor
are there any circumstances known to Yongxin which might result in such a
material adverse change or such an effect;

          (b) Any increase of indebtedness of Yongxin other than in the ordinary
course of business;

          (c) Any settlement or other resolution of any dispute or proceeding
other than in the ordinary course of business;

          (d) Any cancellation by Yongxin, without payment in full, of any
obligation to Yongxin of any shareholder, director, officer or employee of
Yongxin (or any member of their respective families), or any entity in which any
shareholder, director or officer of Yongxin (or any member of their respective
families) has any direct or indirect interests;

          (e) Any obligation incurred by Yongxin other than in the ordinary
course of business;

          (f) Any payment, discharge or satisfaction of any obligation or
judgment, other than in the ordinary course of business; or

          (i) Any agreement obligating Yongxin to do or take any of the actions
referred to in this Section 3.5 outside the ordinary course of business.

                                       9
<PAGE>

     3.7 Compliance with Law. Yongxin and the Subsidiary are conducting their
respective businesses in material compliance with all applicable law, ordinance,
rule, regulation, court or administrative order, decree or process, or any
requirement of insurance carriers material to its business. Neither Yongxin nor
the Subsidiary has received any notice of violation or claimed violation of any
such law, ordinance, rule, regulation, order, decree, process or requirement.
Yongxin has not generated any hazardous wastes or engaged in activities which
are or could be interpreted to be potential violations of laws or judicial
decrees in any manner regulating the generation or disposal of hazardous waste.
There are no on-site or off-site locations where Yongxin has stored, disposed or
arranged for the disposal of chemicals, pollutants, contaminants, wastes, toxic
substances, petroleum or petroleum products; there are no underground storage
tanks located on property owned or leased by Yongxin.

     3.8 Litigation.

          (a) There is no claim, dispute, action, suit, proceeding or
investigation pending or threatened, against or affecting Yongxin or any of the
Subsidiary or challenging the validity or propriety of the transactions
contemplated by this Agreement, at law or in equity or admiralty or before any
federal, state, local, foreign or other governmental authority, board, agency,
commission or instrumentality, has any such claim, dispute, action, suit,
proceeding or investigation been pending or threatened, during the 12-month
period preceding the date hereof;

          (b) there is no outstanding judgment, order, writ, ruling, injunction,
stipulation or decree of any court, arbitrator or federal, state, local, foreign
or other governmental authority, board, agency, commission or instrumentality,
against or materially affecting Yongxin or any of the Subsidiaries; and

          (c) neither Yongxin nor the Subsidiary has received any written or
verbal inquiry from any federal, state, local, foreign or other governmental
authority, board, agency, commission or instrumentality concerning the possible
violation of any law, rule or regulation or any matter disclosed in respect of
its business.

     3.9 Consents. The execution, delivery and performance by Yongxin of this
Agreement and the consummation by Yongxin of the transactions contemplated
hereby do not require any consent that has not been received prior to the date
hereof.

     3.10 Contracts. An accurate, current and complete copy of each material
Contract has been furnished to the Corporation.

     3.11 Offers. There are no outstanding offers, bids, proposals or quotations
made by Yongxin which, if accepted, would create a Contract with Yongxin.

     3.12 Officers, Directors, Agents, etc. Yongxin Liu, Yongkui Liu, Fan Wenbo
and Yongmei Wang are the sole officers and directors of Yongxin.

     3.13 Labor Matters. Yongxin is not and has never been a party to: (i) any
profit sharing, pension, retirement, deferred compensation, bonus, stock option,
stock purchase, retainer, consulting, health, welfare or incentive plan or
agreement or other employee benefit plan, whether legally binding or not; or
(ii) any plan providing for "fringe benefits" to its employees, including, but
not limited to, vacation, disability, sick leave, Yongxin, hospitalization and

                                       10
<PAGE>

life insurance and other insurance plans, or related benefits; or (iii) any
employment agreement. No former employee of Yongxin has any claim against
Yongxin (whether under federal or state law, any employment agreement or
otherwise) on account of or for: (i) overtime pay; (ii) wages or salary for any
period; (iii) vacation, time-off or pay in lieu of vacation or time-off; or (iv)
any violation of any statute, ordinance or regulation relating to minimum wages
or maximum hours of work. No person or party (including, but not limited to,
governmental agencies of any kind) has any claim or basis for any action or
proceeding against Yongxin arising out of any statute, ordinance or regulation
relating to discrimination in employment or to employment practices or
occupational safety and health standards.

     3.14 Books and Records. Yongxin's books and records are and have been
properly prepared and maintained in form and substance adequate for preparing
audited financial statements in accordance with generally accepted accounting
principles, and fairly and accurately reflect all of Yongxin's assets,
obligations and accruals, and all transactions (normally reflected in books and
records in accordance with generally accepted accounting principles) to which
Yongxin is or was a party or by which Yongxin or any of its assets are or were
affected.

     3.15 Other Liabilities. No claim of breach of contract, tort, product
liability or other claim (whether arising from Yongxin's business operations or
otherwise), contingent or otherwise, has been asserted or threatened against
Yongxin nor, to the best of Yongxin's knowledge, is capable of being asserted by
any employee, creditor, claimant or other person against Yongxin. No state of
facts exists or has existed, nor has any event occurred, which could give rise
to the assertion of any such claim by any person.

     3.16 Consents. The execution, delivery and performance by Yongxin of this
Agreement and the consummation by Yongxin of the transactions contemplated
hereby do not require any consent that has not been received prior to the date
hereof.

     3.17 Judgments. There is no outstanding judgment against Yongxin. There is
no health or safety problem involving or affecting Yongxin. There are no open
workers compensation claims against Yongxin, or any other obligation, fact or
circumstance which would give rise to any right of indemnification on the part
of any current or former shareholder, partner, director, officer, employee or
agent of Yongxin, or any heir or personal representative thereof, against
Yongxin or any successor to the business of Yongxin.

     3.18 Improper Payments. Neither Yongxin, nor any of its current or former
shareholders, partners, directors, officers or employees or agents, nor any
person acting on behalf of Yongxin, has, directly or indirectly, made any bribe,
kickback or other payment of a similar or comparable nature, whether lawful or
not, to any person, public or private, regardless of form, whether in money,
property or services, to obtain favorable treatment for business secured or
special concessions already obtained. No funds or assets of Yongxin were
donated, lent or made available directly or indirectly for the benefit of, or
for the purpose of supporting or opposing, any government or subdivision
thereof, political party, candidate or committee, either domestic or foreign.
Yongxin has not maintained and does not maintain a bank account, or any other
account of any kind, whether domestic or foreign, which account was not or is
not reflected in the Yongxin corporate books and records, or which account was
not listed, titled or identified in the name of Yongxin.

                                       11
<PAGE>

     3.19 Full Disclosure. All the representations and warranties made by
Yongxin herein or in any Schedule hereto, and all of the statements, documents
or other information pertaining to the transaction contemplated herein made or
given by Yongxin, its agents or representatives are complete and accurate, and
do not omit any information required to make the statements and information
provided, in light of the transaction contemplated herein, non-misleading,
accurate and meaningful.

                                   ARTICLE IV
                REPRESENTATION AND WARRANTIES OF THE SHAREHOLDERS

     Each Shareholder for himself, herself or itself only, and not with respect
to any other Shareholder, hereby severally represents and warrants to the
Company that now and/or as of the Closing:

     4.1 Title to Shares. Each of the Shareholders is the legal and beneficial
owner of the Yongxin Shares to be transferred to the Company by such
Shareholders as set forth opposite each Shareholder's name in Schedule 4.1
hereto, and upon consummation of the exchange contemplated herein, the Company
will acquire from each of the Shareholders good and marketable title to the
Yongxin Shares, free and clear of all liens excepting only such restrictions
upon future transfers by the Company, if any, as maybe imposed by applicable
law. The information set forth on Schedule 4.1 with respect to each Shareholder
is accurate and complete.

     4.2 Due Authorization. Each of the Shareholders has all requisite power and
authority to execute and deliver this Agreement, and to consummate the
transactions contemplated hereby and thereby. This Agreement constitutes the
valid and binding obligation of each of the Shareholders, enforceable against
such Shareholders in accordance with its terms, except as may be affected by
bankruptcy, insolvency, moratoria or other similar laws affecting the
enforcement of creditors' rights generally and subject to the qualification that
the availability of equitable remedies is subject to the discretion of the court
before which any proceeding therefore may be brought.

     4.3 Purchase for Investment.

          (a) Each of the Shareholders is acquiring the Company Shares for
investment for each of the Shareholders' own account and not as a nominee or
agent, and not with a view to the resale or distribution of any part thereof,
and such Shareholders has no present intention of selling, granting any
participation in, or otherwise distributing the same. Each of the Shareholders
further represents that he, she or it does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant
participation to such person or to any third person, with respect to any of the
Company Shares.

          (b) Each of the Shareholders understands that the Company Shares are
not registered under the Securities Act on the ground that the sale and the
issuance of securities hereunder is exempt from registration under the Act
pursuant to Section 4(2) thereof, and that the Company's reliance on such
exemption is predicated on each of the Shareholders' representations set forth
herein.

                                       12
<PAGE>

     4.4 Investment Experience. Each of the Shareholders acknowledges that he,
she or it can bear the economic risk of his or her investment, and has such
knowledge and experience in financial and business matters that he, she or it is
capable of evaluating the merits and risks of the investment in the Company
Shares.

     4.5 Information. Each of the Shareholders has carefully reviewed such
information as such Shareholders deemed necessary to evaluate an investment in
the Company Shares. To the full satisfaction of each of the Shareholders, he,
she or it has been furnished all materials that he, she or it has requested
relating to the Company and the issuance of the Company Shares hereunder, and
each Shareholder has been afforded the opportunity to ask questions of
representatives of the Company to obtain any information necessary to verify the
accuracy of any representations or information made or given to the
Shareholders. Notwithstanding the foregoing, nothing herein shall derogate from
or otherwise modify the representations and warranties of the Company set forth
in this Agreement, on which the Shareholders has relied in making an exchange of
the Yongxin Shares for the Company Shares.

     4.6 Restricted Securities. Each of the Shareholders understands that the
Company Shares may not be sold, transferred, or otherwise disposed of without
registration under the Act or an exemption there from, and that in the absence
of an effective registration statement covering the Company Shares or any
available exemption from registration under the Act, the Company Shares must be
held indefinitely. Each of the Shareholders is aware that the Company Shares may
not be sold pursuant to Rule 144 promulgated under the Securities Act unless all
of the conditions of that Rule are met. Among the conditions for use of Rule 144
may be the availability of current information to the public about the Company.

     4.7 Exempt Issuance. Each of the Shareholders acknowledges that he, she or
it must assure the Company that the offer and sale of the Company Shares to such
Shareholder qualifies for an exemption from the registration requirements
imposed by the Securities Act and from applicable securities laws of any state
of the United States. Each of the Shareholders agrees that he meets the criteria
established in one or more of subsections (a) or (b), below.

          (a) Accredited Investor, Section 4(2) of the Securities Act and/or
Rule 506 of Regulation D. The Shareholder qualifies as an "accredited investor",
as that term is defined in Rule 501 of Regulation D, promulgated under the
Securities Act.

          (b) Offshore Investor, Rule 903 of Regulation S. The Shareholder is
not a U.S. Person, as defined in Rule 901 of Regulation S, promulgated under the
Securities Act, and the Shareholder, severally but not jointly, represents and
warrants to the Company that:

               (i) The Shareholder is not acquiring the Company Shares as a
result of, and such Shareholder covenants that e, she or it will not engage in
any "directed selling efforts" (as defined in Regulation S under the Securities
Act) in the United States in respect of the Company Shares which would include
any activities undertaken for the purpose of, or that could reasonably be
expected to have the effect of, conditioning the market in the United States for
the resale of any of the Company Shares;

                                       13
<PAGE>

               (ii) The Shareholder is not acquiring the Company Shares for the
account or benefit of, directly or indirectly, any U.S. Person;

               (iii) The Shareholder is a resident of the People's Republic of
China;

               (iv) the offer and the sale of the Company Shares to such
Shareholder as contemplated in this Agreement complies with or is exempt from
the applicable securities legislation of the People's Republic of China;

               (v) the Shareholder is outside the United States when receiving
and executing this Agreement and that the Shareholder will be outside the United
States when acquiring the Company Shares,

               (vi) and the Shareholder covenants with Company that:

                    (1)  offers and sales of any of the Company Shares prior to
                         the expiration of a period of one year after the date
                         of original issuance of the Company Shares (the one
                         year period hereinafter referred to as the
                         "Distribution Compliance Period") shall only be made in
                         compliance with the safe harbor provisions set forth in
                         Regulation S, pursuant to the registration provisions
                         of the Securities Act or an exemption therefrom, and
                         that all offers and sales after the Distribution
                         Compliance Period shall be made only in compliance with
                         the registration provisions of the Securities Act or an
                         exemption therefrom and in each case only in accordance
                         with applicable state securities laws; and

                    (2)  The Shareholder will not engage in hedging transactions
                         with respect to the Company Shares until after the
                         expiration of the Distribution Compliance Period.

                                    ARTICLE V
                                    COVENANTS

     5.1 Further Assurances. Each of the Parties shall use its reasonable
commercial efforts to proceed promptly with the transactions contemplated
herein, to fulfill the conditions precedent for such parry's benefit or to cause
the same to be fulfilled and to execute such further documents and other papers
and perform such further acts as may be reasonably required or desirable to
carry out the provisions of this Agreement and to consummate the transactions
contemplated herein.

                                       14
<PAGE>

                                   ARTICLE VI
                                   DELIVERIES

     6.1 Items to be delivered to the Shareholders prior to or at Closing by the
Company.

          (a) Articles of Incorporation and amendments thereto, By-laws and
amendments thereto, and a certificate of good standing in the Company's state of
incorporation;

          (b) all applicable schedules hereto;

          (c) all minutes and resolutions of board of director and shareholder
meetings in possession of the Company;

          (d) shareholder list;

          (e) all financial statements and all tax returns in possession of the
Company;

          (f) resolution from the Company's Board appointing the designees of
the Shareholders to the Company's Board of Directors;

          (g) resolution from the Company's Board, and if applicable,
shareholder resolutions approving this transaction and authorizing the issuances
of the shares hereto;

          (h) letters of resignation from the Company's current officers and
directors to be effective upon Closing and after the appointments described in
Section 6.1(f);

          (i) certificates representing shares of the Company Shares issued in
the denominations as set forth opposite the name of the Shareholders and/or its
designees on Schedule I to this Agreement;

          (j) any other document reasonably requested by the Shareholders that
it deems necessary for the consummation of this transaction.

     6.2 Items to be delivered to the Company prior to or at Closing by Yongxin
and the Shareholders.

          (a) all applicable schedules hereto;

          (b) instructions from Yongxin appointing its designees to the
Company's Board of Directors;

          (c) share certificates and duly executed stock powers from the
Shareholders transferring the Yongxin Shares to the Company;

          (d) resolutions from the Board of Directors of Yongxin, if applicable,
and shareholder resolutions approving the transactions contemplated hereby; and

          (e) any other document reasonably requested by the Company that it
deems necessary for the consummation of this transaction.

                                       15
<PAGE>

                                   ARTICLE VII
                              CONDITIONS PRECEDENT

     7.1 Conditions Precedent to Closing. The obligations of the Parties under
this Agreement shall be and are subject to fulfillment, prior to or at the
Closing, of each of the following conditions:

          (a) That each of the representations and warranties of the Parties
contained herein shall be true and correct at the time of the Closing date as if
such representations and warranties were made at such time except for changes
permitted or contemplated by this Agreement.

          (b) That the Parties shall have performed or complied with all
agreements, terms and conditions required by this Agreement to be performed or
complied with by them prior to or at the time of the Closing;

          (c) Yongxin and the Subsidiary shall have received, and delivered
documentation of, the approvals required, if any, from the Ministry of Commerce
of the People's Republic of China, the China Securities Regulatory Commission,
the State Administration of Foreign Exchange, or any other Chinese governmental
agency regulating the ownership of business operations in China by non-Chinese
nationals and/or the ownership of offshore companies doing business in China by
Chinese nationals.

          (d) The Company will effectuate an approximate 12 for 1 reverse split
of the Company Common Stocks of the Company prior to the time of closing.

          (e) That the Company shall have settled, paid or otherwise resolved
the Convertible Notes payable in the principal amount of $3,000,000 plus accrued
interest in the approximate total amount of $1,202,217.

          (f) Absence of Litigation. No litigation shall have been instituted on
or before the time of the Closing by any person, the result of which did or
could prevent or make illegal the consummation of the transaction contemplated
by this Agreement, or which had or could have a material adverse effect on the
business of the Corporation.

     7.2 Conditions to Obligations of Shareholders. The obligations of
Shareholders shall be subject to fulfillment prior to or at the Closing, of each
of the following conditions:

          (a) The Company shall have received all of the regulatory, shareholder
and other third party consents, permits, approvals and authorizations necessary
to consummate the transactions contemplated by this Agreement; and

          (b) The Company shall have complied with Rule 14(f)(1) of the Exchange
Act, if required.

     7.3 Conditions to Obligations of the Company. The obligations of the
Company shall be subject to fulfillment at or prior to or at the Closing, of
each of the following conditions:

                                       16
<PAGE>

          (a) Yongxin and the Shareholders shall have received all of the
regulatory, shareholder and other third party consents, permits, approvals and
authorizations necessary to consummate the transactions contemplated by this
Agreement; and

          (b) The Shareholders shall have delivered to the Company the share
certificates and duly executed stock powers from the Shareholders transferring
the Yongxin Shares to the Company.

          (c) All representations and warranties made by Yongxin and the Yongxin
Shareholders contained in this Agreement and the Schedules hereto shall be true
and correct in all respects on the date hereof, and shall be true and correct in
all respects at the time of the Closing as though such representations were
again made, without exception or deviation, at the time of the Closing.

          (d) Yongxin and the Yongxin Shareholders shall have duly performed or
complied with all of the covenants and obligations under this Agreement to be
performed or complied with by them on or prior to the Closing.

          (e) No litigation shall have been instituted on or before the time of
the Closing by any person, the result of which did or could prevent or make
illegal the consummation of the transaction contemplated by this Agreement.

                                  ARTICLE VIII
                                 INDEMNIFICATION

     8.1 Indemnity of the Company. The Company agrees as to defend, indemnify
and hold harmless the Shareholders from and against, and to reimburse the
Shareholders with respect to, all liabilities, losses, costs and expenses,
including, without limitation, reasonable attorneys' fees and disbursements
(collectively the "Losses") asserted against or incurred by the Shareholders by
reason of, arising out of, or in connection with any material breach of any
representation or warranty contained in this Agreement made by the Company or in
any document or certificate delivered by the Company pursuant to the provisions
of this Agreement or in connection with the transactions contemplated thereby.

     8.2 Indemnity of the Shareholders. The Shareholders, joint and severally,
agree to defend, indemnify and hold harmless the Company from and against, and
to reimburse the Company with respect to, all losses, including, without
limitation, reasonable attorneys' fees and disbursements, asserted against or
incurred by the Company by reason of, arising out of, or in connection with any
material breach of any representation or warranty contained in this Agreement
and made by the Shareholders or in any document or certificate delivered by the
Shareholders pursuant to the provisions of this Agreement or in connection with
the transactions contemplated thereby, it being understood that the Shareholders
shall have responsibility hereunder only for the representations and warranties
made by the Shareholders.

     8.3 Indemnification Procedure. A party (an "Indemnified Party") seeking
indemnification shall give prompt notice to the other party (the "Indemnifying
Party") of any claim for indemnification arising under this Article VIII. The
Indemnifying Party shall have the right to assume and to control the defense of
any such claim with counsel reasonably acceptable to such Indemnified Party, at
the Indemnifying Party's own cost and expense, including the cost and expense of

                                       17
<PAGE>

reasonable attorneys' fees and disbursements in connection with such defense, in
which event the Indemnifying Party shall not be obligated to pay the fees and
disbursements of separate counsel for such in such action. In the event,
however, that such Indemnified Party's legal counsel shall determine that
defenses may be available to such Indemnified Party that are different from or
in addition to those available to the Indemnifying Party, in that there could
reasonably be expected to be a conflict of interest if such Indemnifying Party
and the Indemnified Party have common counsel in any such proceeding, or if the
Indemnified Party has not assumed the defense of the action or proceedings, then
such Indemnifying Party may employ separate counsel to represent or defend such
Indemnified Party, and the Indemnifying Party shall pay the reasonable fees and
disbursements of counsel for such Indemnified Party. No settlement of any such
claim or payment in connection with any such settlement shall be made without
the prior consent of the Indemnifying Parry which consent shall not be
unreasonably withheld.

                                   ARTICLE IX
                                   TERMINATION

     9.1 Termination. This Agreement may be terminated at any time before or, at
Closing, by:

          (a) The mutual agreement of the Parties;

          (b) Either the Corporation or Yongxin, but not by a Shareholder if-

               (i) Any provision of this Agreement applicable to a party shall
be materially untrue or fail to be accomplished; or

               (ii) Any legal proceeding shall have been instituted or shall be
imminently threatening to delay, restrain or prevent the consummation of this
Agreement;

          (c) Upon termination of this Agreement for any reason, in accordance
with the terms and conditions set forth in this paragraph, each said party shall
bear all costs and expenses as each party has incurred.

                                    ARTICLE X
                         COVENANTS SUBSEQUENT TO CLOSING

     10.1 Subsequent SEC Filings. The Chief Executive Officer and Chief
Financial Officer, or other principal administrative and financial officers, of
the Company shall cooperate with and assist Yongxin with the preparation of the
first Quarterly or Annual Report, as applicable, to be filed with the Commission
subsequent to the Closing to the extent disclosure is required regarding the
prior operations, financial condition, or actions of, or other information
pertaining to, the Company for the period(s) ended prior to the Closing. Such
cooperation and assistance shall include, but not be limited to, provision of
subcertifications regarding the disclosures controls and procedures and internal
control over financial reporting of the Company, provision of and participation
in review of interim financial statements, and review and provision of feedback
on a draft of the required Report.

                                       18
<PAGE>

     10.2 Umesh Patel shall assist the Company in negotiating and resolving
outstanding debts.

                                   ARTICLE XI
                                  MISCELLANEOUS

     11.1 Survival of Representations, Warranties and Agreements. Each of the
parties hereto is executing and carrying out the provisions of this Agreement in
reliance upon the representations, warranties and covenants and agreements
contained in this agreement or at the closing of the transactions herein
provided for and not upon any investigation which it might have made or any
representations, warranty, agreement, promise or information, written or oral,
made by the other party or any other person other than as specifically set forth
herein. Except as specifically set forth in this Agreement, representations and
warranties and statements made by a party to in this Agreement or in any
document or certificate delivered pursuant hereto shall not survive the Closing
Date, and no claims made by virtue of such representations, warranties,
agreements and covenants shall be made or commenced by any party hereto from and
after the Closing Date. Each warranty and representation made by a party in this
Agreement or pursuant hereto is independent of all other warranties and
representations made by the same party in this Agreement or pursuant hereto
(whether or not covering identical, related or similar matters) and must be
independently and separately satisfied. Exceptions or qualifications to any such
warranty or representation shall not be construed as exceptions or
qualifications to any other warranty or representation.

     11.2 Access to Books and Records. During the course of this transaction
through Closing, each party agrees to make available for inspection all
corporate books, records and assets, and otherwise afford to each other and
their respective representatives, reasonable access to all documentation and
other information concerning the business, financial and legal conditions of
each other for the purpose of conducting a due diligence investigation thereof.
Such due diligence investigation shall be for the purpose of satisfying each
party as to the business, financial and legal condition of each other for the
purpose of determining the desirability of consummating the proposed
transaction. The Parties further agree to keep confidential and not use for
their own benefit, except in accordance with this Agreement any information or
documentation obtained in connection with any such investigation.

     11.3 Further Assurances. If, at any time after the Closing, the parties
shall consider or be advised that any further deeds, assignments or assurances
in law or that any other things are necessary, desirable or proper to complete
the merger in accordance with the terms of this agreement or to vest, perfect or
confirm, of record or otherwise, the title to any property or rights of the
parties hereto, the Parties agree that their proper officers and directors shall
execute and deliver all such proper deeds, assignments and assurances in law and
do all things necessary, desirable or proper to vest, perfect or confirm title
to such property or rights and otherwise to carry out the purpose of this
Agreement, and that the proper officers and directors the parties are fully
authorized to take any and all such action.

     11.4 Notice. All communications, notices, requests, consents or demands
given or required under this Agreement shall be in writing and shall be deemed
to have been duly given when delivered to, or received by prepaid registered or
certified mail or recognized overnight courier addressed to, or upon receipt of
a facsimile sent to, the party for whom intended, as follows, or to such other
address or facsimile number as may be furnished by such party by notice in the
manner provided herein:

                                       19
<PAGE>

     Attention:

     If to the Shareholders and Yongxin:

        Yongxin Medical Group, Ltd.
        2152 San Huancheng Road
        Chang Chun, China
        Attention:

     With a copy to:

        Laura E. Anthony, Esquire
        Legal & Compliance, LLC
        330 Clematis Street
        Suite 217
        West Palm Beach, FL 33401
        Office: 561-514-0936
        Fax: 561-514-0832

     If to the Company:

        Digital Learning Management Corporation
        680 Langsdorf Drive, Suite 203
        Fullerton, CA 92831
        Attn: Umesh Patel, Chairman
        Fax:

     With a copy to:

        Danton Mak
        Sheldon Mak Rose & Anderson
        225 South Lake Avenue, 9th Floor
        Pasadena, CA  91101-3021
        Fax: 626-795-6321

     11.5 Entire Agreement. This Agreement, the Disclosure Schedules and any
instruments and agreements to be executed pursuant to this Agreement, sets forth
the entire understanding of the parties hereto with respect to its subject
matter, merges and supersedes all prior and contemporaneous understandings with
respect to its subject matter and may not be waived or modified, in whole or in
part, except by a writing signed by each of the parties hereto. No waiver of any
provision of this Agreement in any instance shall be deemed to be a waiver of
the same or any other provision in any other instance. Failure of any party to
enforce any provision of this Agreement shall not be construed as a waiver of
its rights under such provision.

                                       20
<PAGE>

     11.6 Successors and Assigns. This Agreement shall be binding upon,
enforceable against and inure to the benefit of, the parties hereto and their
respective heirs, administrators, executors, personal representatives,
successors and assigns, and nothing herein is intended to confer any right,
remedy or benefit upon any other person. This Agreement may not be assigned by
any party hereto except with the prior written consent of the other parties,
which consent shall not be unreasonably withheld.

     11.7 Governing Law. This Agreement shall in all respects be governed by and
construed in accordance with the laws of the State of Delaware are applicable to
agreements made and fully to be performed in such state, without giving effect
to conflicts of law principles.

     11.8 Counterparts. This Agreement may be executed in multiple counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

     11.9 Construction. Headings contained in this Agreement are for convenience
only and shall not be used in the interpretation of this Agreement. References
herein to Articles, Sections and Exhibits are to the articles, sections and
exhibits, respectively, of this Agreement. The Disclosure Schedule is hereby
incorporated herein by reference and made a part of this Agreement. As used
herein, the singular includes the plural, and the masculine, feminine and neuter
gender each includes the others where the context so indicates.

     11.10 Severability. If any provision of this Agreement is held to be
invalid or unenforceable by a court of competent jurisdiction, this Agreement
shall be interpreted and enforceable as if such provision were severed or
limited, but only to the extent necessary to render such provision and this
Agreement enforceable.

     11.11 Litigation. If any party hereto is required to engage in litigation
or arbitration against any other party hereto, either as plaintiff or as
defendant, in order to enforce or defend any of its or his rights under this
Agreement, and such litigation results in a final judgment in favor of such
party (the "Prevailing Party"), then the party or parties against whom said
final judgment is obtained shall reimburse the Prevailing Party for all direct,
indirect or incidental expenses incurred by the Prevailing Party in so enforcing
or defending its or his rights hereunder, including, but not limited to, all
attorneys' fees, paralegals' fees, court costs and other expenses incurred
throughout all negotiations, trials or appeals undertaken in order to enforce
the Prevailing Party's rights hereunder.

                                       21
<PAGE>

IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement as of
the date first set forth above.

                                DIGITAL LEARNING MANAGEMENT CORPORATION.

                                    By:_____________________________
                                    Name: Umesh Patel
                                    Title: Chairman

                                YONGXIN MEDICAL GROUP, LTD.

                                    By:_____________________________
                                    Name:
                                    Title: Chief Executive Officer

                    [SIGNATURE PAGES FOR SHAREHOLDERS FOLLOW]

                                       22
<PAGE>

                           YONGXIN MEDICAL GROUP, LTD.
                         SHAREHOLDERS' SIGNATURE PAGE TO

                            SHARE EXCHANGE AGREEMENT

                             Dated [________], 2007

                 Among Digital Learning Management Corporation.,
                        Yongxin Medical Group, Ltd., and
                 The Shareholders of Yongxin Medical Group, Ltd.

     The undersigned Shareholder hereby executes and delivers the Share Exchange
Agreement (the "Agreement") to which this Signature Page is attached, which,
together with all counterparts of the Agreement and Signature Pages of the other
parties named in said Agreement, shall constitute one and the same document in
accordance with the terms of the Agreement.

    ------------------------------------------------------------------------
                                   (Signature)

    ------------------------------------------------------------------------
                              (Type or print name)
    ------------------------------------------------------------------------

    ------------------------------------------------------------------------
      (Type or print name as it should appear on certificate, if different)

    Address:   _____________________________________________________________

               _____________________________________________________________

    Telephone: (___)___________________________

    Facsimile: (___)___________________________

Number of Yongxin Shares Held: ___________

<PAGE>

<TABLE>
<S>     <C>
                                                SCHEDULE 1.1(a)
                                                ---------------

-------------------------------------------------------------------------------------------------------------
                     Name                          Number of Common Stock       Number of Preferred Stock
-------------------------------------------------------------------------------------------------------------
1. Misala Holdings Inc. BVI                              600,000.00                   3,000,000.00
-------------------------------------------------------------------------------------------------------------
2. Boom Day Investments Ltd. BVI                        5,400,000.00                  2,000,000.00
-------------------------------------------------------------------------------------------------------------
3. Accord Success Ltd., BVI                             5,400,000.00
-------------------------------------------------------------------------------------------------------------
4. Perfect Sum Investment Ltd. BVI                      1,200,000.00
-------------------------------------------------------------------------------------------------------------
5. Full Spring Group Ltd. BVI                           1,800,000.00
-------------------------------------------------------------------------------------------------------------
6. Grand Opus Co. Ltd., BVI                             2,400,000.00
-------------------------------------------------------------------------------------------------------------
7. Master Power Holdings Coup Ltd. BVI                  4,200,000.00
=============================================================================================================
                       TOTAL                            21,000,000.00                 5,000,000.00
-------------------------------------------------------------------------------------------------------------

                                                       i
</TABLE>
<PAGE>

SCHEDULE 2.1(a)

              DIGITAL LEARNING MANAGEMENT, INC. ARTICLES AND BYLAWS

                                      -ii-
<PAGE>

                                 SCHEDULE 2.1(b)
                 DIGITAL LEARNING MANAGEMENT, INC. SUBSIDIARIES

Digital Learning Institute Inc., a Delaware corporation.

In addition, Digital Learning Institute has the following subsidiaries:

Software Education of America, a California corporation
Mckinley Education Services, a California corporation
Digital Knowledge Works, a Delaware corporation
Coursemate, a California corporation

                                     - iii -
<PAGE>

                                  SCHEDULE 2.5
         SHEDULE OF ADJUSTMENT TO DIGITAL LEARNING FINANCIAL STATEMENTS

Since the date of the last financial statements, the Company has incurred debts
in the ordinary course of business in the approximate amount of $120,000.00.

                                     - iv -
<PAGE>

                                  SCHEDULE 2.12
                                   LITIGATION

                                      - v -
<PAGE>

                                  SCHEDULE 3.5
                          YONGXIN FINANCIAL STATEMENTS

                                     - vi -
<PAGE>

                                  SCHEDULE 4.1
                       YONGXIN CAPITAL OWNERSHIP SCHEDULE

                Name                                   % of Yongxin owned

1. Yongxin Liu                                                  51%

2. Yongkui Liu                                                  49%

         TOTAL                                                 100%

                                     - vii -

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