Document:

MDU RESOURCES GROUP, INC.

                 DIRECTORS' COMPENSATION POLICY

Each  Director  who is not a full-time employee  of  the  Company
shall  receive  compensation made up of  annual  cash  retainers,
common  stock,  meeting  fees and post-retirement  income.   Each
Director  is also eligible for awards under the 1997 Non-Employee
Director Long-Term Incentive Plan.

Annual Retainers, Stock Compensation and Stock Option Grants

     The  Board  service annual cash retainer shall be  $13,000.
That of the Chairman of the Board shall be four times that of the
other Directors.  The annual retainer for service as Chairman  of
the  Audit  or Nominating Committee shall be $2,500  and  of  the
Compensation or Finance Committee, $4,000.  Such retainers  shall
be paid in monthly installments.

     A  minimum of $1,000 of the annual cash retainer  shall  be
deferred  under  the  Amended and Restated Deferred  Compensation
Plan  for  Directors adopted on February 13, 1992  and  effective
January  1,  1992.   If the Chairman of the Board  is  a  retired
employee  such deferral need not be made and this Plan shall  not
apply.   The Plan permits a Director to defer all or any  portion
of  the  annual cash retainer, as well as meeting  fees  and  any
other cash compensation paid for service as a Director, above the
mandatory  $1,000 deferral.  The amount deferred is  recorded  in
each  participant's  deferred compensation account  and  credited
with  income  in the manner prescribed in the Plan.  For  further
details,  reference  is made to the Plan,  a  copy  of  which  is
attached.

     Each Director shall receive 450 shares of Common Stock on or
about  the  15th  business day following the  annual  meeting  of
stockholders.   A  Director may decline a stock payment  for  any
plan  year, in writing in advance of the plan year to which stock
payment  relates.  No cash compensation shall  be  paid  in  lieu
thereof.   By  written election a Director may  reduce  the  cash
portion  of  the annual retainer and have that amount applied  to
the purchase of additional shares.  The election must be made  on
a  form provided by the administrative committee and returned  to
the  committee at least six months prior to the applicable annual
meeting  of  stockholders.  In the event the  annual  meeting  of
shareholders  occurs on July 1 or later, then the election  shall
have been made by the last business day of the year prior to  the
year  in  which  the election is to be effective.   The  election
remains in effect until changed or revoked.  No election  may  be
changed or revoked for the current year, but may be changed for a
subsequent year.  For further details, reference is made  to  the
Non-Employee Director Stock Compensation Plan, a copy of which is
attached.

Each Director shall receive an option to purchase 2,250 shares of
the  Company Common Stock.  The option shall vest immediately and
is  exercisable  for 10 years from the date of  the  grant.   The
otion price is the fair market value of the stock at the time  of
the grant.

Board and Committee Meeting Fee

      The fee for each Board meeting attended shall be $1,000 and
for each meeting attended of each Committee of which the Director
is a member, and for attendance at Planning and Pension meetings,
shall  be $1,000, payable only to Directors who are not full-time
employees of the Company.

Post-Retirement Income

      After retirement from the Board, each Director who does not
receive a pension benefit from the Company is entitled to receive
annual  compensation in an amount equal to the sum of all  annual
retainers  being  received by the Director at  the  time  of  the
Director's  retirement.  "Annual compensation" shall include  the
value  of  the  450  shares  of  Common  Stock  at  the  time  of
retirement.  The dollar value included in the calculation of  the
amount  of annual compensation shall be the average of  the  high
price and the low price of the Common Stock as traded on the  New
York  Stock Exchange on the day of the annual meeting or,  if  no
stock  is  traded on that day, then the average on the  day  next
preceding  the  annual  meeting date on which  Common  Stock  was
traded.  The annual compensation will be paid to the Director (or
to  the  Director's named beneficiary in the event  the  Director
dies  after retirement and while the Director is still being paid
the  annual  compensation) in equal monthly installments  over  a
period of time equal to the period of service of the Director  on
the  Board.   Should  a  Director die  while  in  office,  annual
compensation will be paid to the Director's named beneficiary  in
an amount equal to the sum of all annual retainers being received
by  the Director at the time of the Director's death.  The annual
compensation  will be paid in equal monthly installments  over  a
period of time equal to the period of service of the deceased  on
the  Board.  If  there is a "change in control"  (as  hereinafter
defined)  then  within 14 days thereafter the  following  actions
shall be taken:

     (1)  The  Post-Retirement  Income  of  each
          Director  currently serving on the Board  and
          entitled  to  receive such  Income  shall  be
          calculated  as  if the Director  had  retired
          immediately prior to the change in control.

     (2)  The entire amount of the Post-Retirement
          Income  (as  calculated under  the  preceding
          paragraph) to which each Director is entitled
          shall be paid to each Director in a lump sum.

     (3)  Each retired Director who, at the  time
          the  change in control occurs, is retired and
          is receiving, or is entitled to receive, Post-
          Retirement   Income,   shall   receive    all
          remaining  Post-Retirement Income  which  has
          not been paid to the retired Director (or the
          retired Director's beneficiary) in a lump sum
          and not in installments.

     "Change in control" shall mean the earlier of the following
to  occur:  (a) the public announcement by the Company or by  any
person  (which  shall not include the Company, any subsidiary  of
the Company or any employee benefit plan of the Company or of any
subsidiary  of the Company) ("Person") that such Person,  who  or
which,  together with all Affiliates and Associates  (within  the
meanings  ascribed  to such terms in Rule 12b-2  of  the  General
Rules  and Regulations under the Securities Exchange Act of 1934,
as  amended (17 C.F.R. 240.12b-2)) of such Person, shall  be  the
beneficial  owner of twenty percent (20%) or more of  the  voting
stock  then  outstanding; (b) the commencement of, or  after  the
first public announcement of any Person to commence, a tender  or
exchange  offer  the consummation of which would  result  in  any
Person  becoming the beneficial owner of voting stock aggregating
thirty  percent  (30%)  or  more of the then  outstanding  voting
stock;  (c) the announcement of any transaction relating  to  the
Company required to be described pursuant to the requirements  of
Item 6(e) of Schedule 14A of Regulation 14A of the Securities and
Exchange  Commission under the Securities Exchange  Act  of  1934
(17  C.F.R. 240.14a-101, item 6(e)); (d) a proposed change in the
constituency of the Board of Directors of the Company such  that,
during  any period of two (2) consecutive years, individuals  who
at the beginning of such period constitute the Board of Directors
of  the  Company cease for any reason to constitute  at  least  a
majority  thereof, unless the election or nomination for election
by  the  shareholders  of the Company of each  new  director  was
approved  by a vote of at least two-thirds (2/3) of the directors
then  still in office who were members of the Board of  Directors
of  the Company at the beginning of the period; or (e) any  other
event  which  shall be deemed by a majority of  the  Compensation
Committee  of the Board of Directors of the Company to constitute
a "change in control."

Directors Emeritus

     The Board of Directors may elect from those persons who have
been members of the Board of Directors, Directors Emeritus. Those
elected  shall have served as a Director for at least ten  years.
The designation as a Director Emeritus may be renewed annually by
the  Board  of Directors, but not beyond the fifth year following
the Director's retirement from the Board of Directors.

     Each person so designated may, from time to time, be invited
by the Chairman of the Board to participate as a nonvoting member
of  the  Company's  Board of Directors.  A Director  Emeritus  so
participating shall receive no meeting fee although reimbursement
for  reasonable travel expenses in connection with attendance  at
the meeting will be provided.

Travel Expense Reimbursement

     All  Directors  will  be reimbursed for  reasonable  travel
expenses  including  spouse's  expenses  (providing  the   spouse
participates  in  ALL  business, community,  spouse-specific  and
social events), in connection with attendance at meetings of  the
Company's  Board of Directors and its committees.  If the  travel
expense  is  related to the reimbursement of commercial  airfare,
such  reimbursement  will  not exceed full-coach  rate.   If  the
travel  expense  is  related to reimbursement  of  non-commercial
airfare,  such  reimbursement  will  not  exceed  the  rate   for
comparable  travel by means of commercial airline at  the  first-
class rate.

Directors' Liability

     Article Seventeenth of the Company's Restated Certificate of
Incorporation provides that no Director of the Company  shall  be
liable to the Company or its stockholders for breach of fiduciary
duty  as  a  Director,  with  certain  exceptions  stated  below.
Section  7.07  of the Company's Bylaws requires  the  Company  to
indemnify  fully  a  Director against expenses,  attorneys  fees,
judgments,  fines  and amounts paid in settlement  of  any  suit,
action or proceeding, whether civil or criminal, arising from  an
action of a Director by reason of the fact that the Director  was
a Director of MDU Resources Group, Inc.

     There are exceptions to these protections:  breaches of the
Directors'  duty  of loyalty to the Company or its  stockholders,
acts  or omissions not in good faith or which involve intentional
misconduct  or  a  knowing violation of  the  law,  violation  of
Section 174 of the Delaware General Corporation Law (relating  to
unlawful  declaration of dividends and unlawful purchase  of  the
company's  stock),  and  transactions  from  which  the  Director
derived  an  improper  personal  benefit  (including  short-swing
profits  under  Section 16(b) of the Securities Exchange  Act  of
1934).

     The  Company has and does maintain Directors' and Officers'
liability insurance coverage with a $75,000,000 limit.

Insurance Coverages

     The Company maintains the following insurance for protection
of  its Directors as they carry out the business of MDU Resources
Group, Inc.

     1.   General   liability   and   automobile
          liability insurance:

          The  Directors  are  afforded  coverage
          under  the  general liability and  automobile
          liability  insurance  of  the  Company.   The
          policy limit is $75,000,000 in excess of self-
          insured    retentions   of    $500,000    per
          occurrence    for   general   liability   and
          $250,000   per   occurrence  for   automobile
          liability;       or      $1,000,000       per
          occurrence/$2,000,000 aggreggate for  general
          liability  and $1,000,000 per occurrence  for
          automobile  liability, where we are  carrying
          primary layer insurance coverage.

     2.   Fiduciary and employee benefit liability insurance:

          The  Directors  are  afforded  coverage
          under  the  fiduciary and  employee  benefits
          liability  insurance  of  the  Company.   The
          policy  has  a  $35,000,000  limit  with   no
          deductible applicable to the Director.

     3.   Aircraft liability insurance:

          The   Company's   existing   aircraft
          liability  insurance policy extends  coverage
          while  a  non-owned* aircraft is  used  by  a
          Director in traveling to and from Director or
          Board  committee  meetings.   This  insurance
          coverage    constitutes   excess    liability
          coverage in the amount of $200,000,000.

          *Non-owned aircraft is defined as:   1)
          any  aircraft  registered under a  "standard"
          airworthiness certificate issued by the  FAA;
          2)  aircraft  with  a  seating  capacity  not
          exceeding 40 seats; 3) aircraft that are  not
          owned by MDU Resources Group, Inc. or any  of
          its  subsidiaries; 4) aircraft that  are  not
          partly  or  wholly owned by or registered  in
          the  Director's  name  or  the  name  of  any
          Director's household member.

     4.   Travel and sojourn insurance:

          All  Directors are protected by a group
          insurance  policy with coverage  of  $250,000
          that  provides  24-hour  accident  protection
          while traveling on Company business.

          Coverage in all instances begins at the
          actual start of a business trip and ends when
          the  Director  returns  to  his/her  home  or
          regular place of employment.

          The beneficiary of the insurance will be
          that  beneficiary recorded on  a  beneficiary
          designation card provided by the Company.

     5.   Group life insurance:

          All outside Directors are protected by a
          non-contributory group life insurance  policy
          with coverage of $100,000.

          The coverage begins the day the Director
          is  elected  to  the Board of  Directors  and
          terminates when the Director ceases to be  an
          outside Director.

          A  Certificate  of Insurance  shall  be
          provided  to the Director and the beneficiary
          of  the  insurance  will be that  beneficiary
          recorded  on  a beneficiary designation  card
          provided by the Company.

          This  protection is considered  taxable
          compensation   under   current   tax    laws.
          Consequently, the Company will  provide  each
          Director annually on Form 1099 the amount  of
          taxable income related to this coverage.MDU RESOURCES GROUP, INC

                      Amended and Restated
            DEFERRED COMPENSATION PLAN FOR DIRECTORS
                    Effective January 1, 1992

  I.  PURPOSE

      The  Board of Directors of MDU Resources Group,  Inc.  (the
"Company")  established  the  Deferred  Compensation   Plan   for
Directors  (the "Plan") effective as of September l,  1988.   The
Plan  is  hereby amended and restated effective January 1,  1992,
and  is  substituted  for the Restated Plan  established  by  the
Company  on  August  1,  1991.  The  Plan  shall  continue  until
terminated  by the Board of Directors of the Company, subject  to
the provisions of Article XII, below.

      The purpose of this Plan is to aid the Company in attracting
and  retaining  as Directors persons whose abilities,  experience
and  judgment  can contribute to the continued  progress  of  the
Company.    The   Plan  will  provide  a   method  of   deferring
compensation to the Directors.

 II.  DEFINITIONS

      A.  Beneficiary.  "Beneficiary" means the  person  or
          persons  designated as such in accordance with  Article
          XI.

      B.  Change in Control.  "Change in Control" means the
          earliest  of  the following to occur: (a)   the  public
          announcement  by  the Company or by any  person  (which
          shall  not include the Company, any subsidiary  of  the
          Company, or any employee benefit plan of the Company or
          of  any subsidiary of the Company) ("Person") that such
          Person, who or which, together with all Affiliates  and
          Associates (within the meanings ascribed to such  terms
          in  the Rule 12b-2 of the General Rules and Regulations
          under  the Exchange Act) of such Person, shall  be  the
          beneficial owner of twenty percent (20%) or more of the
          voting  stock  of  the  Company  outstanding;  (b)  the
          commencement of, or after the first public announcement
          of  any Person to commence, a tender or exchange  offer
          the  consummation of which would result in  any  Person
          becoming   the   beneficial  owner  of   voting   stock
          aggregating  thirty percent (30%) or more of  the  then
          outstanding  voting  stock  of  the  Company;  (c)  the
          announcement of any transaction relating to the Company
          required  to  be described pursuant to the requirements
          of  Item  6(e) of Schedule 14A of Regulation 14A  under
          the Exchange Act; (d) a proposed change in constituency
          of  the Board of Directors such that, during any period
          of  two  (2) consecutive years, individuals who at  the
          beginning  of  such  period  constitute  the  Board  of
          Directors cease for any reason to constitute at least a
          majority thereof, unless the election or nomination for
          election by the stockholders of the Company of each new
          Director  was  approved by a vote of  least  two-thirds
          (2/3)  of  the Directors then still in office who  were
          members  of the Board of Directors at the beginning  of
          the  period;  or  (e) any other event  which  shall  be
          deemed  by  a  majority of the Board  of  Directors  to
          constitute a "change in control".

      C.  Compensation and Deferral Amount.  "Compensation"
          means  any  cash retainer, meeting fees and  any  other
          cash compensation payable to Eligible Directors by  the
          Company  for  services  as a Director.   This  Deferred
          Compensation Plan for Directors governs any or  all  of
          that  Compensation  which  the  Participant  elects  to
          credit  to his Deferred Compensation Account, which  is
          hereafter referred to as the "Deferral Amount."

      D.  Deferred   Compensation   Account.    "Deferred
          Compensation  Account" means the account maintained  on
          the   books  of  account  of  the  Company   for   each
          Participant pursuant to Article VI.

      E.  Effective Date.  "Effective Date" means January 1,
          1992,  the date on which the restated and amended  Plan
          became effective.

      F.  Eligible  Director.   "Eligible  Director"  means
          those Directors of the Company who are not employees of
          the Company.

      G.  Investment  Units.   This  term  shall  have  the
          meaning defined in Article VI.B.

      H.  Market Price.  "Market Price" means the average of
          the  highest  and  lowest transaction  prices  for  the
          Company's  common stock on the New York Stock  Exchange
          for a given day.

      I.  Participant.   "Participant"  means  an  Eligible
          Director  participating in the Plan in accordance  with
          the provisions of Article IV.

      J.  Plan Year.  "Plan Year" means the calendar year.

III.  ADMINISTRATION OF THE PLAN

      The Board of Directors shall be the sole administrator  of
the Plan.

      The   Board  of  Directors may from time to time  establish
rules and regulations for the administration of the Plan.

      All determinations of the  Board of Directors, irrespective
of  their character or nature, including, but not limited to, all
questions  of  construction and interpretation, shall  be  final,
binding  and  conclusive upon all parties.  Without limiting  the
generality of the foregoing, the determination of the   Board  of
Directors as to whether a Participant has terminated his services
and  the date thereof shall be final, binding and conclusive upon
all persons.

      The Company and/or the  Board of Directors may consult with
legal  counsel,  who  may be counsel for  the  Company  or  other
counsel, with respect to its obligations and duties hereunder  or
with  respect  to any claim, action or proceeding  or  any  other
matter, and shall not be liable for any action taken or not taken
by it in good faith pursuant to the advice of such counsel.

      The   Chairman, at the direction of the Board of  Directors
shall  be responsible for maintaining books and records  for  the
Plan  and adopting standard forms for such matters as beneficiary
designations and applications for benefits, provided  such  rules
and  forms are not inconsistent with the provisions of the  Plan.
Such  books and records shall only be open for examination  by  a
Participant or his duly designated beneficiary to the extent that
they  specifically  involve  the  Deferred  Compensation  Account
created  for his benefit or any payments which are to be made  to
him  or his beneficiary hereunder.  Each Participant or his  duly
designated beneficiary shall be notified no less frequently  than
annually of the balance in his account.

      Neither the  Board of Directors nor any member of the  Board
of  Directors nor the Company nor any other person who is  acting
on  behalf  of  the  Board of Directors or the Company  shall  be
liable  for any act or failure to act hereunder except for  gross
negligence or fraud.

 IV.  PARTICIPATION

      All Eligible Directors, including any person who becomes  a
Director  after the effective date hereof, shall be  Participants
in the Plan.

      Each  Participant in the Plan shall have the right to elect
to defer the payment of all or any part of his Compensation, with
such  Deferral Amount to be payable at the time or times  and  in
the manner hereinafter stated.  A Participant must defer at least
$1,000 per year.

      Each Participant who elects to defer the payment of all  or
any  part  of his Compensation shall execute and deliver  to  the
Board  of  Directors a "Notice of Election."   Such  Notice  will
provide  the  percentage of his Compensation to be deferred,  the
date   such   deferral  is  to  commence  and   the   beneficiary
designations  of the Director.  Such deferral election  shall  be
applicable  only  to  Compensation earned by reason  of  services
rendered after the date of such Notice.

      An  election to defer Compensation shall continue in effect
until  revoked or modified by a subsequent "Notice of  Election,"
provided  however,  (1) that every election  to  defer  shall  be
irrevocable  as  to  Compensation earned prior  to  the  date  of
revocation  and  (2) that such election may be  changed  no  more
often than annually.  Revocation or modification shall be made in
writing to the Board of Directors and shall be effective upon the
date stated therein.

  V.  VESTING OF DEFERRED COMPENSATION ACCOUNT

      A  Participant's  interest  in  his  Deferred  Compensation
Account  shall  vest immediately with regard to Deferral  Amounts
and earnings thereon.

 VI.  ACCOUNTS AND VALUATIONS

      A.  Deferred  Compensation Accounts.  The   Board  of
          Directors  shall  establish  and  maintain  a  separate
          Deferred Compensation Account for each Participant. The
          Participant's Deferral Amount shall be credited to  the
          Participant's  Deferred Compensation Account  quarterly
          on the first day of March, June, September and December
          in amounts as nearly equal as possible.

      B.  Conversion to Investment Units.  At  the  time  a
          Deferral   Amount   is   credited   to   the   Deferred
          Compensation   Account,  it  shall  be   converted   to
          Investment  Units, by dividing the amount  deferred  by
          the  Market Price of the Company's stock on  the  first
          trading   day   immediately  preceding  the   deferral.
          Fractional share Investment Units will be maintained in
          the Account.

VII.  DIVIDEND EQUIVALENTS

      If  a  dividend  is  declared on the common  stock  of  the
Company,   an  equivalent  amount  shall  be  credited   to   the
Participant's  Deferred Compensation Account for each  Investment
Unit.   Such  amounts shall be converted to additional Investment
Units, pursuant to Article VI.B.

VIII. DISTRIBUTION

      A.  Conversion of Investment Units to Dollars.  When a
          Participant  leaves  the Board of Directors,  dies,  or
          becomes disabled, the number of Investment Units in his
          Deferred  Compensation Account shall be  multiplied  by
          the  Market Price of the Company's common stock on  the
          day that is six full calendar months after the date  of
          his  leaving,  death, or disability.  If the  New  York
          Stock  Exchange is not open that day then it  shall  be
          the  Market  Price on the next day the New  York  Stock
          Exchange is open.  During this six month period,  if  a
          dividend is declared on common stock of the Company, an
          equivalent   amount   shall   be   credited   to    the
          Participant's  Deferred Compensation Account  for  each
          Investment Unit. Such amounts shall be credited in cash
          and  shall  not  be converted to additional  Investment
          Units.

      B.  Payment.  The dollar value of the Investment Units
          contained  in  the Participant's Deferred  Compensation
          Account  shall  be  paid to him in substantially  equal
          monthly  payments over five years, with interest  at  a
          fixed  rate over the five-year period.  The fixed  rate
          shall be the prime rate plus 1 percentage point on  the
          day  the  value  of the Investment Units is  determined
          according to this Article VIII.  The "prime rate,"  for
          purposes of this paragraph, shall be the base  rate  on
          corporate  loans posted by at least 75 percent  of  the
          nation's 30 largest banks as reported daily in The Wall
          Street Journal.

      C.  Change  in  Control.  The terms of  this  Article
          VIII.  C  shall  immediately become operative,  without
          further action or consent by any person or entity, upon
          a Change in Control, and once operative shall supersede
          and take control over any other provisions of the Plan.

          Upon a Change in Control, all Investment Units in
          a  Participant's Deferred Compensation Account shall be
          multiplied by the Market Price of the Company's  common
          stock  on such day.  If the New York Stock Exchange  is
          not open on that day, then it shall be the Market Price
          on  the  next day the New York Stock Exchange is  open.
          The  dollar value of the Investment Units contained  in
          each  Participant's Deferred Compensation Account shall
          be  paid  out immediately thereafter to the Participant
          (a "Change in Control Payment").

          In  addition,  the  Company  shall  pay  to  the
          Participant   an   additional  payment   (a   "Gross-Up
          Payment") in an amount such that after payment  by  the
          Participant  of  all  federal and  state  income  taxes
          (including, without limitation, any and all federal and
          state  income taxes imposed upon the Gross-Up  Payment)
          the  Participant  retains an  amount  of  the  Gross-Up
          Payment  equal  to the federal and state  income  taxes
          imposed upon the Change in Control Payment.

          All determinations required to be made under this
          Article  VIII.C, including when a Gross-Up  Payment  is
          required, the amount of such Gross-Up Payment, and  the
          assumptions  to  be  utilized  in  arriving   at   such
          determination,  shall  be made by  a  certified  public
          accounting  firm  designated by  the  Participant  (the
          "Accounting   Firm"),  which  shall  provide   detailed
          supporting  calculations both to the  Company  and  the
          Participant within 15 business days of the  receipt  of
          notice  from  the  Participant that there  has  been  a
          Change in Control Payment (or such earlier time  as  is
          requested  by the Company).  All fees and  expenses  of
          the   Accounting  Firm  related  to  the   calculations
          required  by this Article VIII.C shall be borne  solely
          by  the  Company.  Any Gross-Up Payment, as  determined
          pursuant to this Article VIII.C, shall be paid  by  the
          Company  to  the Participant within five  days  of  the
          receipt  of  the Accounting Firm's determination.   Any
          determination by the Accounting Firm shall  be  binding
          upon the Company and the Participant.

 IX.  TAX WITHHOLDING UPON DISTRIBUTION

      To  the  extent required by law, the Company shall withhold
from payments made hereunder any taxes required to be withheld by
the federal or any state or local government.

  X.  COMMENCEMENT OF PAYMENTS

      Except as otherwise provided in this Plan, commencement  of
payments  under this Plan shall begin as soon as administratively
feasible  after the value of the Investment Units  is  determined
according to Article VIII.

 XI.  BENEFICIARY DESIGNATION

      Each  Participant  shall have the  right  at  any  time  to
designate  any  person or persons as Beneficiary or Beneficiaries
(both  principal and contingent) to whom payment under this  Plan
shall   be   paid  in  the  event  of  death  prior  to  complete
distribution  of  the  deferred amounts  under  the  Plan.   Each
beneficiary designation shall become effective only when filed in
writing  with  the  Board of Directors during  the  Participant's
lifetime on a form provided by the Board of Directors.

      The filing of a new beneficiary designation form will cancel
all  beneficiary  designations previously filed.   Any  finalized
divorce  of a Participant subsequent to the date of filing  of  a
beneficiary designation form shall revoke such designation.   The
spouse of a married Participant domiciled in a community property
jurisdiction  shall  join in any designation  of  Beneficiary  or
Beneficiaries other than the spouse.

      If  a  Participant  fails  to designate  a  Beneficiary  as
provided  above or if the beneficiary designation is  revoked  by
divorce, or otherwise, without execution of a new designation, or
if all designated Beneficiaries predecease the Participant or die
prior  to  complete  distribution of the Participant's  benefits,
then  the  distribution of such benefits shall  be  made  to  the
Participant's estate.

      If  any  distribution to a Beneficiary is  to  be  made  in
installments,  and the primary Beneficiary dies before  receiving
all  installments, the remaining installments, if any,  shall  be
paid to the estate of the primary Beneficiary in a lump sum.

XII.  AMENDMENT AND TERMINATION OF PLAN

      A.  Amendment.  The Company may at any time amend the
          Plan  in  whole  or  in part, provided,  however,  that
          except  as  provided  in Article XII.B.,  no  amendment
          shall act to reduce the benefits under the Plan payable
          to  any Participant with respect to any Deferral Amount
          credited  to  the  Participant's Deferred  Compensation
          Account  prior  to the date of the amendment.   Written
          notice  of  any  amendments  shall  be  given  to  each
          Participant.

      B.  Termination of Plan

          1.  Company's Right to Terminate.  The Board
              of Directors may at any time terminate the Plan.

          2.  Payments Upon Termination.   Upon  any
              termination  of  the Plan under  this  section  no
              additional  Deferral Amounts will be  credited  to
              the  Participant's Deferred Compensation  Account.
              The  Investment  Units recorded  in  such  Account
              shall  be  converted  into  dollars  pursuant   to
              Article  VIII.A.  and paid in a lump  sum  to  the
              Participant or the Participant's Beneficiary.

XIII. MISCELLANEOUS

      A.  Unsecured  General  Creditor.   Participants  and
          their  beneficiaries,  heirs, successors,  and  assigns
          shall have no legal or equitable rights, interests,  or
          other  claims in any property or assets of the Company,
          nor shall they be beneficiaries of, or have any rights,
          claims,  or  interests in any specified assets  of  the
          Company.  Any and all of the Company's assets shall  be
          and  remain general, unpledged, unrestricted assets  of
          the  Company. The Company's obligation under  the  Plan
          shall  be that of an unfunded and unsecured promise  of
          Company to pay money in the future.

      B.  Obligations  to the Company.   If  a  Participant
          becomes  entitled to a distribution of  benefits  under
          the  Plan,  and  if  at such time the  Participant  has
          outstanding  any  debt, obligation, or other  liability
          representing  an amount owed to the Company,  then  the
          Company  may  offset  such  amounts  owing  it  or   an
          affiliate  against  the  amount of  benefits  otherwise
          distributable.  Such determination shall be made by the
          Board of Directors.

          Establishment of this Plan and the  participation
          by  any  person  shall not be construed to  confer  any
          right  on  the part of such person to be nominated  for
          reelection,  or  to  be  reelected,  to  the  Board  of
          Directors of the Company.

      C.  Nonassignability.  Neither a Participant nor  any
          other  person  shall have any right to  commute,  sell,
          assign,  transfer,  pledge,  anticipate,  mortgage,  or
          otherwise encumber, transfer, hypothecate, or convey in
          advance  of actual receipt the amounts, if any, payable
          hereunder,  or  any part thereof, which  are,  and  all
          rights   to  which  are,  expressly  declared   to   be
          unassignable  and nontransfer-able.   No  part  of  the
          amounts  payable  shall, prior to  actual  payment,  be
          subject to seizure or sequestration for the payment  of
          any  debts,  judgments, alimony or separate maintenance
          owed  by  a  Participant or any other  person,  nor  be
          transferable  by operation of law in  the  event  of  a
          Participant's  or  any  other  person's  bankruptcy  or
          insolvency.

      D.  Protective   Provisions.   A  Participant   will
          cooperate  with the Company by furnishing any  and  all
          information  requested  by  the  Company  in  order  to
          facilitate the payment of any amounts hereunder.  If  a
          Participant  refuses to cooperate,  the  Company  shall
          have no further obligation to the Participant under the
          Plan.

      E.  Gender, Singular and Plural.  Wherever the context
          so   requires,  words  in  the  masculine  include  the
          feminine   and  words  in  the  feminine  include   the
          masculine  and  the  definition  of  any  term  in  the
          singular may include the plural.

      F.  Captions.  The captions to the articles, sections,
          and  paragraphs  of this Plan are for convenience  only
          and  shall  not  control  or  affect  the  meaning   or
          construction of any of its provisions.

      G.  Applicable  Law.  This Plan shall  be  construed,
          administered and governed in accordance with  the  laws
          of the State of North Dakota.

      H.  Validity.  In the event any provision of this Plan
          is held invalid, void, or unenforceable, the same shall
          not affect, in any respect whatsoever, the validity  of
          any other provision of this Plan.

      I.  Notice.   Any  notice  or  filing  required   or
          permitted to be given to the  Board of Directors  shall
          be sufficient if in writing and hand delivered, or sent
          by  registered  or  certified mail,  to  the  principal
          office of the Company, directed to the attention of the
          Secretary of the Company.  Such notice shall be  deemed
          given  as  of  the date of delivery or, if delivery  is
          made  by mail, as of the date shown on the postmark  on
          the receipt for registration or certification.

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