Document:

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                                                                   EXHIBIT 10.21

                      CORDILLERA AND AFFILIATED COMPANIES
                          MONEY PURCHASE PENSION PLAN

                  (Amended and Restated as of January 1, 2001)

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CONTENTS

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<Table>
<S>                                                                                                        <C>
      ARTICLE 1. INTRODUCTION                                                                                1
1.1   Restatement of Plan                                                                                    1
1.2   Purpose of the Plan                                                                                    1
1.3   Applicability of the Plan                                                                              1
1.4   Effect of Appendices                                                                                   2

      ARTICLE 2. DEFINITIONS                                                                                 3
2.1   Definitions                                                                                            3
2.2   Gender and Number                                                                                     11
2.3   Requirement to Be in "Written Form"                                                                   11

      ARTICLE 3. PARTICIPATION AND SERVICE                                                                  12
3.1   Date of Participation                                                                                 12
3.2   Duration                                                                                              12
3.3   Transfers                                                                                             12
3.4   Leased Employees                                                                                      12
3.5   Special Provisions for Participants Who Enter the Armed Forces                                        13

      ARTICLE 4. EMPLOYEE CONTRIBUTIONS                                                                     14
4.1   Nature and Amount                                                                                     14

      ARTICLE 5. EMPLOYER AND ROLLOVER CONTRIBUTIONS                                                        15
5.1   Employer Contributions                                                                                15
5.2   Transfer and Crediting of Employer Contributions                                                      15
5.3   Rollovers                                                                                             15

      ARTICLE 6. MAXIMUM CONTRIBUTIONS AND BENEFIT LIMITATIONS                                              18
6.1   Limitation on Annual Addition                                                                         18
6.2   "Annual Addition" Defined                                                                             18
6.3   Excess Annual Additions                                                                               18
6.4   Defined Benefit Plans                                                                                 19
6.5   Deductibility Limitations                                                                             19
</Table>

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<Table>
<S>                                                                                                      <C>
       ARTICLE 7. VESTING AND BENEFITS                                                                    20
7.1    Vesting                                                                                            20
7.2    Forfeiture and Reinstatement of Contingent Interests                                               21
7.3    Benefits Forms, Required Consent, and Payments After Separation From Service                       22
7.4    Death Benefits                                                                                     25
7.5    Minimum Distribution Requirements                                                                  25
7.6    Lump Sums and Other Eligible Rollover Distributions                                                26
7.7    Loans to Participants                                                                              27

       ARTICLE 8. INVESTMENT ELECTIONS                                                                    31
8.1    Investment of New Contributions                                                                    31
8.2    Investment Transfers                                                                               31
8.3    Investment Elections                                                                               31
8.4    Transfer of Assets                                                                                 32
8.5    Participant-Directed Investments                                                                   32

       ARTICLE 9. PARTICIPANT ACCOUNTS AND RECORDS                                                        33
9.1    Accounts and Records                                                                               33
9.2    Valuation Adjustments                                                                              33

       ARTICLE 10. FINANCING                                                                              34
10.1   Funding of the Plan                                                                                34
10.2   Employer Contributions                                                                             34
10.3   Nonreversion                                                                                       34

       ARTICLE 11. ADMINISTRATION                                                                         35
11.1   The Benefits Committee                                                                             35
11.2   Compensation and Expenses                                                                          35
11.3   Manner of Action                                                                                   35
11.4   Chairman, Secretary, and Employment of Specialists                                                 35
11.5   Subcommittees                                                                                      36
11.6   Other Agents                                                                                       36
11.7   Records                                                                                            36
11.8   Rules                                                                                              36
11.9   Benefits Committee's Powers and Duties                                                             36
11.10  Investment Responsibilities                                                                        37
11.11  Benefits Committee's Decisions Conclusive                                                          38
11.12  Indemnity                                                                                          38
11.13  Fiduciaries                                                                                        38
11.14  Notice of Address                                                                                  39
11.15  Data                                                                                               39
11.16  Nonalienation                                                                                      39
11.17  Incompetency                                                                                       40
</Table>

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<Table>
<S>                                                                                                      <C>
11.18  Missing Persons                                                                                    41
11.19  Appeals From Denial of Claims                                                                      41

       ARTICLE 12. AMENDMENT AND TERMINATION                                                              43
12.1   Authority to Amend or Terminate                                                                    43
12.2   Distribution on Termination                                                                        43
12.3   Corporate Reorganizations                                                                          43
12.4   Plan Merger or Transfer                                                                            44

       ARTICLE 13. TOP-HEAVY PROVISIONS                                                                   45
13.1   Application                                                                                        45
13.2   Key Employees                                                                                      45
13.3   Top-Heavy Group                                                                                    46
13.4   Additional Rules                                                                                   47
13.5   Combined Limit for Key Employees                                                                   48
13.6   Minimum Contribution                                                                               48
13.7   Top-Heavy Vesting                                                                                  48

       ARTICLE 14. MISCELLANEOUS PROVISIONS                                                               49
14.1   Employment Rights                                                                                  49
14.2   No Examination or Accounting                                                                       49
14.3   Investment Risk                                                                                    49
14.4   Severability                                                                                       49
14.5   Counterparts                                                                                       49
14.6   Service of Legal Process                                                                           49
14.7   Headings of Articles and Sections                                                                  49
14.8   Applicable Law                                                                                     49

      APPENDIX A. SPECIAL RULES RELATED TO GUARANTEED INVESTMENT
      CONTRACT OF EXECUTIVE LIFE INSURANCE COMPANY OF CALIFORNIA                                          51
</Table>

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ARTICLE 1. INTRODUCTION

1.1 RESTATEMENT OF PLAN

Cordillera Corporation (the "Company") hereby amends and restates the Cordillera
and Affiliated Companies Money Purchase Pension Plan (the "Plan"), effective as
of January 1, 2001.

1.2 PURPOSE OF THE PLAN

This Plan is intended to provide retirement income to Eligible Employees through
regular contributions of the Company. For tax purposes, the Plan is intended to
qualify, and the Trust established pursuant to the related Trust Agreement, is
intended to be exempt from federal income tax, under the pertinent provisions of
the Internal Revenue Code, as amended and in effect from time to time.

1.3 APPLICABILITY OF THE PLAN

The provisions set forth in this document apply only to Employees in the employ
of the Company, Affiliate, or Associated Company on or after January 1, 2001,
except as specifically provided in this document. If a particular provision of
this restatement has an effective date later than January 1, 2001, the relevant
provision of the prior version of the Plan shall continue to apply prior to such
effective date. If a particular provision of this restatement has an effective
date earlier than January 1, 2001, the relevant provision of this restatement
shall supersede the corresponding provision of the prior version of the Plan as
of the earlier effective date.

Notwithstanding any contrary Plan provision, if any modification of ERISA or the
Code (or regulations or rulings thereunder) requires that a conforming Plan
amendment be adopted as of a stated effective date in order for the Plan to
continue to be a qualified plan, this Plan shall be operated in accordance with
such requirements until the date when a conforming Plan amendment is adopted.

Except as otherwise required by rules of Plan qualification or by specific Plan
provisions to the contrary, any Employee who terminated employment before
January 1, 2001 shall remain subject to the terms of the Plan as in effect at
the time of such termination. However, regardless of when an Employee terminates
employment or whether he or she has ever had a termination of employment at all,
if an Employee has an Account balance attributable to an amount transferred
directly to this Plan from another qualified plan pursuant to a plan merger or
any other transaction requiring the other plan's Code section 411(d)(6)
protected benefits to be preserved hereunder, this Plan shall preserve all such
legally protected benefits with respect to such Account balance to the full
extent required by section 411(d)(6) and other applicable laws. This
preservation of section 411(d)(6) protected benefits shall apply notwithstanding
more restrictive rules for optional benefit forms or other Plan rights that may
apply to other Account balances not subject to such protection.

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1.4 EFFECT OF APPENDICES

This Plan document may be supplemented by various appendices that provide
additional information and, in some cases, override general Plan provisions. In
the event of a conflict between a Plan provision and a provision in an appendix,
the provision in the appendix shall govern with respect to the Employees or
circumstances specified in the appendix, and the Plan provision shall continue
to govern with respect to other Employees or circumstances. The appendices shall
be, by this reference, incorporated into and become a part of this Plan.

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ARTICLE 2. DEFINITIONS

2.1 DEFINITIONS

Whenever used in the Plan, the following terms shall have the respective
meanings set forth below unless otherwise required by the context in which they
are used:

(a)      "ACCOUNT" means the separate recordkeeping account maintained for each
         Participant which represents his or her total proportionate interest in
         the Trust Fund and which consists of the sum of the following
         subaccounts:

         (1)      "DEDUCTIBLE EMPLOYEE CONTRIBUTIONS ACCOUNT" means the
                  subaccount which evidences the value of Deductible Employee
                  Contributions made by the Participant prior to January 1,
                  1987, as described in section 4.1, including related
                  investment gains and losses of the Trust Fund.

         (2)      "REGULAR ACCOUNT" means the subaccount which evidences the
                  value of Employer Contributions made on behalf of the
                  Participant pursuant to section 5.1, including related
                  investment gains and losses of the Trust Fund.

         (3)      "ROLLOVER ACCOUNT" means the subaccount which evidences the
                  value of Rollover Contributions made by the Employee pursuant
                  to section 5.3, including related investment gains and losses
                  of the Trust Fund.

(b)      "AFFILIATE" means any business entity which is controlled by or under
         common control with the Company, within the meaning of Code sections
         414 and 1563. The determination of control shall be made without
         reference to paragraphs (a)(4) and (e)(3)(C) of Code section 1563, and
         solely for the purposes of applying the limitations of Articles 6 and
         13, the phrase "more than 50 percent" shall be substituted for the
         phrase "at least 80 percent" each place it appears in Code section
         1563(a)(1).

         In addition, to the extent required by Code section 414 and related
         regulations, Affiliate means--

         (1)      any member of an affiliated service group (within the meaning
                  of Code section 414(m)) of which the Company or any Affiliate
                  is a member; and

         (2)      any entity which, pursuant to Code section 414(o) and the
                  regulations thereunder, must be aggregated with the Company or
                  any other Affiliate for plan qualification purposes.

(c)      "ASSOCIATED COMPANY" means any entity that is not an Affiliate, but is
         under common ownership and control with the Company, to the extent of
         20 percent or

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         more, as determined under rules applicable for purposes of section
         414(c) of the Code.

(d)      "BENEFICIARY" means the person or persons (who may be named
         contingently or successively) designated by a Participant to receive
         the Participant's Account in the event of the Participant's death. Each
         designation shall be in the form prescribed by the Benefits Committee,
         shall be effective only when properly filed in writing with the
         Benefits Committee, and shall revoke all prior designations by the same
         Participant. The designation by a married Participant of someone other
         than the Participant's spouse as a Beneficiary shall be invalid
         unless--

         (1)      the spouse consents to the designation of a specific nonspouse
                  Beneficiary which may not be changed without spousal consent
                  (unless the spousal consent expressly permits the Participant
                  to change Beneficiary designations without further consent by
                  the spouse), and the spouse waives the Qualified Joint and
                  Survivor Annuity in accordance with procedural requirements of
                  the Plan that comply with the rules of Code section 401(a)(11)
                  and 417;

         (2)      the spouse acknowledges the effect of the consent to such
                  Beneficiary designation and, if applicable, the waiver of the
                  Qualified Joint and Survivor Annuity; and

         (3)      the consent and waiver are in a written instrument that is
                  notarized.

         No spousal consent or waiver shall be required if it is established to
         the satisfaction of the Plan representative that it cannot be obtained
         because there is no spouse or because the spouse cannot be located. If
         no Beneficiary is properly designated at the time of the Participant's
         death, or if no person so designated shall survive the Participant, the
         Beneficiary shall be the Participant's spouse, or if the deceased
         Participant has no surviving spouse, the Participant's estate.

(e)      "BENEFITS COMMITTEE" means the Benefits Committee appointed by the
         Board of Directors to administer the Plan in accordance with the
         provisions of Article 11 of this Plan.

(f)      "BOARD OF DIRECTORS" means the Board of Directors of the Company.

(g)      "BREAK IN SERVICE" means, prior to April 1, 1997, any year used in
         measuring Years of Service in which an Employee is not credited with
         more than 500 Hours of Service. However, if an Employee is absent from
         employment due to pregnancy, birth of the Employee's child, adoption of
         a child by the Employee, or child care immediately following such birth
         or adoption, any Hour of Service for which the Employee would have
         received credit (or if not determinable, eight hours for each day of
         absence) during such absence, up to a maximum of 501 Hours of Service,
         shall be credited to the Employee solely to prevent the Employee from
         incurring a

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         Break in Service. Any such Hours of Service shall be credited for the
         Plan Year in which the absence begins if necessary to prevent a Break
         in Service during that Plan Year and, in all other cases, in the
         immediately following Plan Year.

         Effective April 1, 1997, the term "Break in Service" means a continuous
         period of time of at least 12 months during which the Employee is not
         employed by the Employer. This period of time shall begin on the date
         the Employee retires, quits, or is discharged, or if earlier, the
         12-month anniversary of the date on which the Employee was otherwise
         first absent from service. However, if an Employee is absent from
         employment due to pregnancy, birth of the Employee's child, adoption of
         a child by the Employee, child care immediately following such birth or
         adoption, or, effective as of August 5, 1993, due to leave recognized
         under the Family and Medical Leave Act of 1993, for purposes of
         determining whether an Employee has incurred a Break in Service, the
         Employee will be considered employed for the portion of such absence
         ending on the second anniversary of such Employee's absence from
         employment.

(h)      "CODE" means the Internal Revenue Code of 1986, as from time to time
         amended. Each Code reference in this Plan shall be deemed to include
         reference to any comparable or succeeding statutory provision which
         supplements or replaces such Code reference.

(i)      "COMPANY" means Cordillera Corporation or its successor in interest.

(j)      "COMPENSATION" means, with respect to an Employee for a period
         considered under the Plan, the Employee's full salary and wages from an
         Employer for services rendered, including salary, wages, commissions,
         bonuses, and overtime, and salary reduction amounts under any Code
         section 401(k) cash or deferred arrangement or any cafeteria plan
         maintained by the Company, Affiliate, or Associated Company, and,
         effective January 1, 2001, elective amounts that are not includable in
         gross income of the Employee by reason of Code section 132(f)(4),
         relating to qualified transportation fringe benefits, but excluding--

         (1)      directors' fees;

         (2)      reimbursement or other expense allowances;

         (3)      fringe benefits (cash and noncash);

         (4)      moving expenses;

         (5)      deferred compensation; and

         (6)      welfare benefits.

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         The Compensation of any Employee that is taken into account under the
         Plan for any Plan Year beginning on or after January 1, 1989, shall not
         exceed the maximum dollar amount that is permitted as of the beginning
         of the year under Code section 401(a)(17) (determined after giving
         effect to any amendments to section 401(a)(17) and any indexing or
         other adjustments made pursuant to said section that are applicable for
         the year of the determination). If an Employee is a family member of a
         5-percent owner (as defined in section 13.2) or of a Highly Compensated
         Employee among the group of ten Employees receiving the highest
         compensation for the Plan Year, then such Employee shall not be
         considered a separate Employee. Any Compensation paid to such Employee
         shall be treated as having been paid to the Highly Compensated
         Employee. For this purpose, "family member" means the Employee's spouse
         and any lineal descendants of the Employee who have not attained age 19
         before the close of the Plan Year. Notwithstanding the three preceding
         sentences, these family aggregation rules shall not apply during Plan
         Years beginning on or after January 1, 1997.

         Notwithstanding the foregoing, the term "Compensation" for purposes of
         determining whether an Employee is a Highly Compensated Employee, shall
         mean an Employee's Section 415 Compensation plus, for Plan Years
         beginning before January 1, 1998, any salary reduction elected by the
         Employee pursuant to Code section 125 or 401(k) under any plan of the
         Employer or an Affiliate in which the Employee participates.

(k)      "DEDUCTIBLE EMPLOYEE CONTRIBUTIONS" means the deductible contributions
         of up to $2,000 per year made by a Participant prior to January 1,
         1987, as described in section 4.1.

(l)      "DISABILITY" means a physical or mental condition which renders the
         Employee eligible for disability payments under the Social Security
         Act.

(m)      "ELIGIBLE EMPLOYEE" means any Employee of an Employer except--

         (1)      any Employee who is included in a unit of Employees covered by
                  a collective bargaining agreement, if there is evidence that
                  retirement benefits were the subject of good faith bargaining,
                  unless such agreement provides for participation of those
                  Employees in this Plan;

         (2)      any Employee who is a nonresident alien and who receives no
                  earned income from an Employer which constitutes income from
                  sources within the United States; and

         (3)      any Employee who is not designated as an "employee" in the
                  Company's, any Affiliate's, or Associate Company's employment
                  records during a particular period of time, including a person
                  designated as an "independent contractor,"

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                  even if a determination is made by the Internal Revenue
                  Service, the Department of Labor, or any other government
                  agency, court, or other tribunal, that such person is an
                  employee for any purpose.

(n)      "EMPLOYEE" means any person employed by the Company, an Affiliate, or
         Associated Company.

(o)      "EMPLOYER" means the Company and any Affiliate or Associated Company
         which, with the approval of the Company, has adopted or adopts this
         Plan for the benefit of some or all of its Eligible Employees. As of
         January 1, 2001, and continuing through the date of adoption of this
         amendment and restatement of the Plan, the Employers include Cordillera
         Corporation; Utah Gas Service Company; Denver jetCenter, Inc.;
         jetCenters, Inc.; Salt Lake jetCenter, Inc.; Colorado jetCenter, Inc.;
         Fort Collins Loveland jetCenter, Inc.; and Wyoming Industrial Gas
         Company. In addition, Oceanic Exploration Company became an Employer as
         a result of adopting this Plan as of January 1, 1987; and Oceanic
         International Properties Corporation, a subsidiary of Oceanic
         Exploration Company, became an Employer thereafter when Employees of
         Oceanic Exploration Company transferred to it. Each of Oceanic
         International Properties Corporation and Oceanic Exploration Company
         have had Employees from time to time. Note that Utah Gas Service
         Company and Wyoming Industrial Gas Company ceased to be members of the
         group as of July 12, 2001. Also note that San Miguel Valley Corporation
         and Ohio Gas Company were Employers under the terms of the Plan in
         effect prior to January 1, 2001, but ceased to be Employers as of
         December 31, 1999.

(p)      "EMPLOYER CONTRIBUTIONS" means the contributions described in section
         5.1 that are made by an Employer on behalf of a Participant.

(q)      "ERISA" means the Employee Retirement Income Security Act of 1974, as
         from time to time amended. Each ERISA reference in this Plan shall be
         deemed to include reference to any comparable or succeeding statutory
         provision which supplements or replaces such ERISA reference.

(r)      "HIGHLY COMPENSATED EMPLOYEE" means, effective as of January 1, 1997,
         any Employee who--

         (1)      in the preceding Plan Year received compensation (as defined
                  in Code section 414(q)(4)) from the Company, an Affiliate, or
                  Associated Company, in excess of $80,000 indexed; or

         (2)      in the Plan Year or the preceding Plan Year was a "5-percent
                  owner" (as defined in section 13.2 of the Plan).

         The dollar limit described in (1) above is in effect during the 1997,
         1998, and 1999 Plan Years, and will thereafter be adjusted to reflect
         increases in the cost of living at

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         the same time and in the same manner as adjustments are made to defined
         contribution and defined benefit limits under Code section 415(d).

         A former Employee shall be treated as a Highly Compensated Employee if
         the Employee was a Highly Compensated Employee either when the Employee
         incurred a Separation from Service or at any time after the Employee
         attained age 55.

(s)      "HOUR OF SERVICE" means--

         (1)      each hour for which the Employee is paid or entitled to
                  payment for the performance of duties.

         (2)      each hour for which the Employee is paid or entitled to
                  payment on account of a period of time during which no duties
                  are performed (irrespective of whether the employment
                  relationship has terminated) due to vacation, holiday,
                  illness, incapacity (including disability), layoff, jury duty,
                  or leave of absence. No more than 501 Hours of Service shall
                  be credited to an Employee on account of any single continuous
                  period during which the Employee performs no duties.

         (3)      each hour for which back pay (irrespective of mitigation of
                  damages) is either awarded or agreed to, with no duplication
                  of credit for hours under paragraphs (1) or (2) and this
                  paragraph (3).

         (4)      each hour credited pursuant to applicable ERISA regulations
                  for unpaid periods of absence for service in the United States
                  armed forces or Public Health Service during which the
                  Employee's reemployment rights are guaranteed by law, provided
                  that the Employee is reemployed as an Employee within the time
                  limits prescribed by such law.

         If or to the extent a record of an Employee's hours of employment is
         not maintained, the Employee shall be credited with 190 Hours of
         Service for each calendar month for which the Employee would be
         required to be credited with at least one Hour of Service.

         All Hours of Service shall be determined and credited to computation
         periods in accordance with reasonable standards and policies consistent
         with Department of Labor regulations section 2530.200b-2(b) and (c).

         Notwithstanding the foregoing provisions of this section 2.1(s),
         effective April 1, 1997, the term "Hour of Service" shall mean--

         (A)      Each hour for which the Employee is paid or entitled to
                  payment for the performance of duties.

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         (B)      Each hour credited pursuant to applicable ERISA regulations
                  for unpaid periods of absence for service in the United States
                  armed forces or Public Health Service during which the
                  Employee's reemployment rights are guaranteed by law, provided
                  that the Employee is reemployed as an Employee within the time
                  limits prescribed by such law.

(t)      "INVESTMENT FUND" means--

         (1)      for any Participant who is not exercising full investment
                  direction over his account pursuant to section 8.1, such
                  investment companies registered under the Investment Company
                  Act of 1940, as amended, the shares of which are designated by
                  the Benefits Committee as an investment option under the Plan;
                  or

         (2)      for any Participant who is exercising full investment
                  direction over his account pursuant to section 8.1--

                  (A)      such securities that are publicly traded on a
                           national securities exchange, shares, or units issued
                           by an investment company registered under the
                           Investment Company Act of 1940, as amended, subject
                           to such restrictions imposed by the Benefits
                           Committee as to investing in certain investment
                           vehicles; and

                  (B)      any obligations issued or guaranteed by the U.S.
                           government, its agencies, and instrumentalities.

(u)      "NORMAL RETIREMENT AGE" means the date of the Participant's attainment
         of age 65.

(v)      "PARTICIPANT" means any Eligible Employee who has met the requirements
         to become a Participant as set forth in section 3.1, and shall include,
         where appropriate to the context, any former Participant described in
         section 3.2.

(w)      "PLAN YEAR" means the 12-consecutive month period ending each December
         31.

(x)      "ROLLOVER CONTRIBUTIONS" means those contributions made by an Employee,
         as described in section 5.3.

(y)      "SECTION 415 COMPENSATION" means an Employee's wages, salaries,
         commissions, professional fees and other amounts received for personal
         services rendered in the course of employment with the Company,
         Affiliate, or Associated Company, as determined for purposes of
         reporting (in Box 1 on the 2000 version of Form W-2 or in such other
         place as may be appropriate for any other reporting year) the
         Employee's wages that are subject to income tax withholding or are
         otherwise reportable for income tax purposes under Code sections
         6041(d), 6051(a)(3), and 6052, increased, for Plan Years beginning on
         and after January 1, 1998, by salary

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         reduction amounts under any Code section 401(k) cash or deferred
         arrangement or a cafeteria plan under Code section 125 and, effective
         January 1, 2001, elective amounts that are not includable in gross
         income of the Employee by reason of Code section 132(f)(4), relating to
         qualified transportation fringe benefits.

(z)      "SEPARATION FROM SERVICE" means any termination of the employment
         relationship between an Employee and the Company or Affiliate or
         Associated Company for any reason other than death, including
         resignation, discharge, retirement or disability. A Separation from
         Service shall not occur upon a Participant's transfer to a position
         where the individual continues to be an Employee but is no longer an
         Eligible Employee, nor shall a Separation from Service occur as a
         result of a leave of absence authorized by the Employer, other
         Affiliate or Associated Company if the Employee returns to employment
         upon expiration of such leave.

(aa)     "TRUST AGREEMENT" means any agreement in the nature of a trust
         established to form a part of the Plan to receive, hold, invest, and
         dispose of the Trust Fund.

(bb)     "TRUST FUND" means the assets of every kind and description held under
         any Trust Agreement forming a part of the Plan.

(cc)     "TRUSTEE" means any person, bank, or trust company selected by the
         Company to act as Trustee under any Trust Agreement at any time of
         reference.

(dd)     "VALUATION DATE" means each business day of the Plan Year recognized by
         the New York Stock Exchange.

(ee)     "YEARS OF SERVICE" means, prior to April 1, 1997, periods of 12
         consecutive months during which the Employee completes at least 1,000
         Hours of Service, where the first such period is measured from the date
         on which the Employee first performs an Hour of Service after being
         hired or after being rehired after a Break in Service, and each
         subsequent period is the Plan Year, beginning with the Plan Year that
         commences with or within the first period.

         Effective April 1, 1997, the term "Years of Service" means the
         aggregate of all periods commencing with the first day the Employee has
         an Hour of Service with the Employer and ending on the date a Break in
         Service begins. An Employee shall also receive credit for any absence
         from service which would otherwise constitute a Break in Service except
         that the length of absence is less than 12 consecutive months provided
         he returns to service within such 12-month period. Fractional periods
         of a year will be expressed in terms of days. For vesting purposes,
         only whole Years of Service will be counted, but fractional periods
         shall be aggregated.

         In the case of an individual who was an Employee prior to April 1, 1997
         and whose service has been determined on the basis of computation
         periods and the general method of crediting service as set forth in 29
         CFR section 2530.200b-2, for the 1997

                                       10
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         Plan Year, the Employee shall receive credit for a period of service
         consisting of the greater of--

         (1)      the period of service that would be credited to the Employee
                  under the elapsed time method for his service during the
                  entire computation period in which the change to an elapsed
                  time methodology occurs; or

         (2)      the service taken into account under the computation periods
                  method as of the later of the effective date of the amendment
                  which incorporates the elapsed time methodology or the date
                  said amendment was adopted by the Company.

2.2 GENDER AND NUMBER

Except when otherwise indicated by the context, any masculine or feminine
terminology in this document shall also include the other gender, and the
definition of any term in the singular or plural shall also include the opposite
number.

2.3 REQUIREMENT TO BE IN "WRITTEN FORM"

Various notices provided by the Company or Benefits Committee, and various
elections made by a Participant are required to be in written form. Except as
otherwise provided under IRS or DOL regulations or other guidance, these notices
and elections may be conveyed through an electronic system.

                                       11
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ARTICLE 3. PARTICIPATION AND SERVICE

3.1 DATE OF PARTICIPATION

Every Employee who was an Eligible Employee and a Participant on December 31,
2000, and continues to be an Eligible Employee shall continue to be a
Participant thereafter. On and after January 1, 2001, every other Eligible
Employee shall become a Participant in the Plan on the first January 1, April 1,
July 1, or October 1 entry date that coincides with or next follows the date he
or she has attained age 21, has completed one Year of Service, and has become an
Eligible Employee.

3.2 DURATION

An Employee who becomes a Participant shall remain a Participant until the
Employee has a Separation from Service, and shall be a former Participant
thereafter for as long as the individual is entitled to receive any benefits
under this Plan.

A Participant who has a Separation from Service and is subsequently reemployed
shall again become a Participant as of the later of the Participant's
reemployment date or the date the Participant again becomes an Eligible
Employee.

3.3 TRANSFERS

An Employee, who transfers from a nonparticipating Affiliate or Associated
Company to employment status where he or she becomes an Eligible Employee, shall
receive credit for prior service with such Affiliate or Associated Company in
determining his or her Years of Service and shall become a Participant in
accordance with section 3.1 after having satisfied the eligibility conditions
specified therein.

Any Participant who transfers out of Eligible Employee status with the Employer
but who remains an Employee shall become an inactive Participant. An inactive
Participant's Account shall continue to be held under the Plan until the
Participant becomes entitled to a distribution under the provisions of section
7.3. The inactive Participant--

(a)      shall continue to earn Years of Service for purposes of vesting in
         Employer Contributions;

(b)      shall be eligible to request and receive a loan in accordance with the
         provisions of section 7.7, and

(c)      shall be eligible to make investment elections in accordance with the
         rules for active Participants.

3.4 LEASED EMPLOYEES

Effective January 1, 1997, a person who is not an Employee of a controlled group
Employer and who performs services for the controlled group Employer pursuant to
an agreement between the controlled group Employer and a leasing organization
shall be considered a

                                       12
<PAGE>

"leased employee" if he performed the services on a substantially full-time
basis for a year and the services are performed under the primary direction or
control of the service recipient. A person who is considered a leased employee
of the controlled group Employer shall not be considered an Eligible Employee
for purposes of the Plan. However, if a leased employee participates in the Plan
as a result of subsequent employment with the Company, Affiliate, or Associated
Company, he shall receive Service for such employment as a leased employee.
Notwithstanding the preceding provisions of this section, a leased employee will
be included as an Employee for purposes of applying the requirements described
in section 414(n)(3) of the Code. For purposes of this section, the term
"Employer" includes an Employer participating in the Plan and only those
affiliates of such entity that must be aggregated and treated as a single
employer for purposes of Code section 414 and related Treasury regulations.

3.5 SPECIAL PROVISIONS FOR PARTICIPANTS WHO ENTER THE ARMED FORCES

If a Participant is absent from employment for voluntary or involuntary military
service with the armed forces of the United States and returns to employment
within the period required under the law pertaining to veterans' reemployment
rights, he shall receive Service for the period of his absence from employment.
Notwithstanding any provisions of this Plan to the contrary, effective as of
December 12, 1994, contributions, benefits, and service credit with respect to
qualified military service will be provided in accordance with Code section
414(u).

                                       13
<PAGE>

ARTICLE 4. EMPLOYEE CONTRIBUTIONS

4.1 NATURE AND AMOUNT

After-tax contributions by Participants are not permitted under this Plan. Prior
to January 1, 1987, Participants were also allowed to make Deductible Employee
Contributions of up to $2,000 per year pursuant to section 72(o) of the Code.
Such contributions are no longer permitted, but amounts attributable to them may
be retained in a Participant's Deductible Employee Contributions Account until
such amounts are distributed in accordance with the terms of the Plan.

                                       14
<PAGE>

ARTICLE 5. EMPLOYER AND ROLLOVER CONTRIBUTIONS

5.1 EMPLOYER CONTRIBUTIONS

For each Plan Year the Employer shall make a contribution on behalf of each
eligible Participant in its employ as follows. The amount of the contribution
shall be 6 percent of that portion of the eligible Participant's Compensation
for the Plan Year that does not exceed the integration level, plus 5.7 percent
of that portion, if any, of the eligible Participant's Compensation for the Plan
Year that exceeds the integration level, where the integration level is social
security taxable wage base in effect at the beginning of the Plan Year, as
determined in compliance with section 1.401(l)-2(d)(2) of the Income Tax
Regulations.

A Participant shall be eligible for an Employer Contribution for a Plan Year if
the Participant satisfies one of the following conditions:

(a)      the Participant is an Employee on the last day of the Plan Year;

(b)      the Participant retired during the Plan Year after attaining his or her
         Normal Retirement Age;

(c)      the Participant died while still an Employee during the Plan Year; or

(d)      the Participant incurred a Disability while still an Employee during
         the Plan Year.

If a Participant does not satisfy any of the foregoing conditions while still an
Employee, the Participant shall not be an eligible Participant and shall not
receive an Employer Contribution for the Plan Year.

5.2 TRANSFER AND CREDITING OF EMPLOYER CONTRIBUTIONS

Employer Contributions required under section 5.1 shall be transferred to the
Trust Fund on or before the due date (including extensions) for filing the
Employer's tax return for the year ending with or within the Plan Year for which
the contributions are made. Such Employer Contributions shall be allocated to
the Regular Account of each eligible Participant in the amount determined with
respect to such Participant in accordance with section 5.1, with the allocation
being made as of the last day of the Plan Year to which it relates.

5.3 ROLLOVERS

Amounts which an Eligible Employee has received from any other qualified
employee benefit plan may, subject to the Benefits Committee's approval and in
accordance with uniform, nondiscriminatory procedures designed to protect the
qualification and the integrity of the Plan, be transferred by the Eligible
Employee to this Plan in cash provided the following conditions are satisfied:

(a)      The amounts distributed to or on behalf of the Eligible Employee from
         another qualified plan and rolled over to this Plan shall not be
         subject to the distribution rules

                                       15
<PAGE>

         of the plan from which they came after being transferred to this Plan.
         Upon receipt by this Plan, such amounts shall be fully vested and shall
         be credited to the Eligible Employee's Rollover Account.

(b)      In case of a rollover of a distribution made from a qualified plan
         before January 1, 1993, the amount to be rolled over to this Plan must
         be solely attributable to a Code section 402(a)(5) qualified total
         distribution, and must be transferred to this Plan in a timely manner
         following a distribution from:

         (1)      a plan qualified under Code section 401(a); or

         (2)      a rollover or conduit individual retirement account or annuity
                  which has received only rollover contributions described in
                  Code section 408(d)(3) (determined without regard to
                  subparagraphs (A)(iii) and (D) thereof).

(c)      In case of a rollover of a distribution made from a qualified plan on
         or after January 1, 1993, the amount to be rolled over to this Plan
         must be solely attributable to a Code section 402(c)(4) eligible
         rollover distribution, and must be transferred in a timely manner to
         this Plan following a distribution from:

         (1)      a plan qualified under Code section 401(a); or

         (2)      a rollover or conduit individual retirement account or annuity
                  which has received a rollover contribution described in Code
                  section 408(d)(3) (determined without regard to subparagraphs
                  (A)(iii) and (D) thereof) and to which no other contributions
                  have been made.

(d)      The amounts tendered must not include nondeductible employee
         contributions to a qualified plan by an Eligible Employee or amounts
         attributable to--

         (1)      contributions to an individual retirement account or annuity
                  that are deductible under Code section 219;

         (2)      accumulated deductible employee contributions described in
                  Code section 72(o)(5)(B);

         (3)      contributions or deferrals to an annuity described in Code
                  section 403(b); or

         (4)      in the case of a distribution that occurred before January 1,
                  1993, a partial distribution described in Code section
                  402(a)(5)(D).

(e)      The transfer to this Plan of amounts described in paragraph (b) shall
         only be accepted if the Eligible Employee presents to the Benefits
         Committee the IRS Form 1099 or equivalent, the original distribution
         check or a copy thereof, or such other evidence as the Benefits
         Committee may require to verify the nature of the amount and ensure
         that its receipt will not adversely affect the qualified status of this
         Plan.

                                       16
<PAGE>

(f)      Amounts must be received by this Plan not later than 60 days after a
         distribution was received by the Eligible Employee.

(g)      The Benefits Committee may establish additional procedures, consistent
         with the rules of the Code, related regulatory guidance and this
         section, concerning the acceptance of rollovers, including sixty-day
         rollovers and direct rollovers of eligible rollover distributions,
         under this Plan.

(h)      Upon approval by the Benefits Committee, rollover amounts shall be
         transmitted to the Trustee, to be invested in such Investment Funds as
         the Eligible Employee may select in accordance with such rules and
         procedures as the Benefits Committee may establish for this purpose.

                                       17
<PAGE>

ARTICLE 6. MAXIMUM CONTRIBUTIONS AND BENEFIT LIMITATIONS

6.1 LIMITATION ON ANNUAL ADDITION

Notwithstanding anything to the contrary contained in this Plan, the total
Annual Additions of a Participant for any Plan Year, which shall be the
limitation year for purposes of Code section 415, shall not exceed the lesser
of--

(a)      $35,000 or such larger amount as may be prescribed under Code section
         415(d), or

(b)      25 percent of the Participant's Section 415 Compensation for the
         limitation year.

6.2 "ANNUAL ADDITION" DEFINED

The term "Annual Addition" means, with respect to each Participant for the Plan
Year, the aggregate of--

(a)      the amount of Company, Affiliate, or Associated Company contributions
         and forfeitures allocated to the Participant's Account under this Plan
         and any other defined contribution plan, as defined in Code section
         414(i), maintained by the Employer for the Plan Year;

(b)      the amount of a Participant's after-tax contributions for such Plan
         Year under this Plan and any other defined contribution plan, as
         defined in Code section 414(i), maintained by the Employer for the Plan
         Year;

(c)      for purposes of section 6.1(a), the amount of contributions allocated
         to an individual medical account, as defined in Code section 415(l)(2),
         which is part of a pension or annuity plan; and

(d)      for purposes of section 6.1(a), the amount of contributions
         attributable to post-retirement medical benefits, which are allocated
         to the separate account of a key employee, as defined in Code section
         419A(d)(3), under a welfare benefit fund, as defined in Code section
         419(e).

6.3 EXCESS ANNUAL ADDITION

If, as a result of the allocation of forfeitures or a reasonable error in
estimating a Participant's Section 415 Compensation for the Plan Year (or any
other circumstance permitted under applicable regulations under Code section
415), the Annual Additions for a Participant is exceeded, such excess amount
shall be reduced in accordance with the provisions of this section. The
Participant's excess Annual Additions shall first be reduced under any other
qualified defined contribution plan maintained by the Company, Affiliate, or
Associated Company, in accordance with the terms of such plan. If, after
reductions have been made under such other plans, additional reductions are
required from this Plan, Employer Contributions for the Plan Year shall be
reduced to the extent necessary to eliminate the excess Annual Additions. The
excess amounts shall be used to reduce Employer

                                       18
<PAGE>

Contributions for that Participant for the next Plan Year (and succeeding Plan
Years, if necessary), provided that the Participant is still covered by the Plan
as of the end of that subsequent Plan Year. If, at that time, the Participant is
not covered by the Plan, the excess amount shall be treated as a forfeiture.

6.4 DEFINED BENEFIT PLANS

If a Participant in this Plan is or was also a participant in a qualified
defined benefit plan, as defined in Code section 414(j), maintained or
previously maintained by the Company, Affiliate, or Associated Company, and the
sum of the Participant's defined contribution plan fraction and defined benefit
plan fraction (as these terms are defined in Code section 415(e)) exceeds 1.0
for the Plan Year, then in addition to the limitations contained in section 6.1,
the Annual Additions of the Participant shall be limited first under any other
qualified defined contribution plans of the Company, Affiliate, or Associated
Company and then under this Plan to the extent necessary to comply with the
limitations set forth in Code section 415(e). Notwithstanding the foregoing, the
limitations described in this section shall not apply to Plan Years beginning on
or after January 1, 2000.

6.5 DEDUCTIBILITY LIMITATIONS

The aggregate dollar amount of Employer Contributions for any Plan Year shall be
limited to the amount deductible by the Employer under section 404 of the Code
for the taxable year.

                                       19
<PAGE>

ARTICLE 7.  VESTING AND BENEFITS

7.1 VESTING

Each Participant's interest in his or her Deductible Employee Contributions
Account and Rollover Account shall be fully vested at all times, including the
time at which the Participant attains Normal Retirement Age. Each Participant's
interest in his or her Regular Account shall be contingent, except as such
interest becomes vested under the following provisions of this section:

(a)      The Participant's interest in his or her Regular Account shall be fully
         vested upon the happening of any of the following events while the
         Participant is employed as an Employee:

         (1)  the Participant's attainment of Normal Retirement Age;

         (2)  the Participant's death;

         (3)  the Participant's Disability; and

         (4)  a termination or partial termination of the Plan that affects the
              Participant.

(b)      The Participant's interest in his or her Regular Account shall fully
         vest if this Plan is terminated or if any other event occurs which
         constitutes a partial termination of the Plan with respect to the
         Participant within the meaning of Code section 411 and related
         regulations.

         A Participant who ceases to continue to be an Eligible Employee because
         of the transactions described in the Agreement and Plan of Merger among
         Gas Corp., Cordillera Corporation, Questar Gas Corp., Questar Regulated
         Services, and Questar Corp. (the "Agreement"), either because such
         Participant incurs a Separation from Service in connection with such
         transactions or because the Participant continues in employment with
         the Surviving Corporation, as defined in the Agreement, shall be fully
         vested in his or her Regular Account on the Closing Date, as defined in
         the Agreement.

(c)      Subject to the provisions of paragraphs (a) and (b), each Participant
         shall vest in his or her Regular Account based on the Participant's
         Years of Service pursuant to the following table:

                                       20
<PAGE>

<Table>
<Caption>
          YEARS OF SERVICE       PERCENTAGE VESTED
          ----------------       -----------------
<S>                              <C>
          Less than 2            0%
          2                      20%
          3                      40%
          4                      60%
          5                      80%
          6 or more              100%
          </Table>

(d)      Notwithstanding the foregoing, effective January 1, 1997, each
         Participant's interest in contributions made by the Employer pursuant
         to section 1.401(a)(4)-11(g) of the Income Tax Regulations shall be
         fully vested at all times.

7.2 FORFEITURE AND REINSTATEMENT OF CONTINGENT INTERESTS

Any portion of a Participant's Regular Account that is not vested upon a
distribution of the Participant's vested Account balance following Separation
from Service shall be forfeited on such date. If the Participant's vested
Account is not distributed, the nonvested portion of the Account shall be
forfeited when the Participant completes five consecutive Breaks in Service. Any
such forfeiture shall be used as soon as possible to reduce Employer
Contributions.

If a Participant is rehired after incurring five consecutive Breaks in Service,
previously forfeited amounts shall not be restored to the Participant's Account.
If a Participant is rehired before incurring five consecutive Breaks in Service,
then any amount previously forfeited shall be restored to the Participant's
Account by means of a special contribution by the Employer, but only if the
Participant repays, without interest, to the Plan the full amount of the
distribution received on account of the prior Separation from Service. The
repayment must be made within five years after the date the Participant is
rehired and will be credited to the Participant's Rollover Account and treated
as a fully vested after-tax payment for purposes of any subsequent distribution.

If a Participant returns to employment and receives a reinstatement of a
previously forfeited balance, as provided above, the Participant's vested amount
in his or her Regular Account prior to the Participant's full vesting therein
shall be equal to:

                                  P(AB + D)-D,

where P is the vested percentage and AB is the Regular Account balance at the
time the vesting is determined, and D is the amount of the prior distribution.

                                       21
<PAGE>

7.3 BENEFITS FORMS, REQUIRED CONSENT, AND PAYMENTS AFTER SEPARATION FROM SERVICE

Every Participant who incurs a Separation from Service shall receive a
distribution of the value of his or her vested Account in a permissible form
that, as determined below, is either paid automatically or elected by the
Participant.

(a)      If the vested Account balance of a Participant who is entitled to a
         distribution under this section has not ever exceeded $3,500 ($5,000
         effective January 1, 1998) at a time when the Participant was entitled
         to a distribution, such balance shall automatically be distributed to
         the Participant as an immediate lump sum, determined as of the
         Valuation Date on which the distribution is made.

(b)      Except as provided in section 7.3(a) above, the Plan shall not make a
         distribution to any Participant, whether before or after Separation
         from Service, if the distribution would occur prior to the
         Participant's attainment of Normal Retirement Age and does not have the
         Participant's written consent. After a Participant's attainment of
         Normal Retirement Age, the Participant's written consent to an
         immediate distribution is not required, and, subject to sections 7.4
         and 7.5, the Plan shall make or commence distribution of the
         Participant's vested Account balance as soon as is practicable after
         the later of the Participant's Separation from Service or attainment of
         Normal Retirement Age.

(c)      The normal form of distribution for other Participants who have had a
         Separation from Service and do not automatically receive an immediate
         lump sum payment pursuant to section 7.3(a) is--

         (1)  a Qualified Joint and Survivor Annuity if the Participant is
              married on the annuity starting date; or

         (2)  an annuity for the life of the Participant if the Participant is
              not married on the annuity starting date.

         For this purpose, a "Qualified Joint and Survivor Annuity" means an
         annuity described in Code section 417(b) that can be purchased from an
         insurance company with the Participant's vested Account balance and
         provides payments for the Participant's life with a survivor annuity to
         the spouse to whom the Participant was married on the annuity starting
         date in an amount equal to 50 percent of the annuity payable during the
         Participant's lifetime.

(d)      In lieu of the normal form, a Participant who has had a Separation from
         Service or who has not had a Separation from Service but is required to
         commence benefits under section 7.5, and who is not subject to section
         7.3(a), may elect an optional form of distribution. Optional forms
         include--

                                       22
<PAGE>

         (1)  an immediate lump sum payment;

         (2)  substantially equal installments payable no less frequently than
              annually over a period not extending beyond the Participant's life
              expectancy;

         (3)  a combination of a lump sum and such installments; and

         (4)  a joint and 50 percent survivor annuity with a Beneficiary other
              than the Participant's spouse.

(e)      On and after January 1, 1993, as elected by the Participant in
         accordance with Code sections 401(a)(31) and 402(c) and section 7.6 of
         this Plan with respect to an optional form that constitutes an eligible
         rollover distribution, the Plan shall arrange for a direct transfer of
         a Participant's distribution amount to an eligible retirement plan
         instead of distributing such amount to the Participant. The Plan shall
         also provide for the required notice to the Participant and tax
         withholding concerning any eligible rollover distribution.

(f)      If the Participant's consent to a distribution is required under this
         section, the Participant must give the consent in writing by filing a
         completed election form in the manner prescribed by the Benefits
         Committee. The Participant's Account balance shall be the amount
         determined on the Valuation Date on which the distribution is made.

(g)      Except as otherwise required for required minimum distributions under
         section 7.5 due to "look-back" rules of Code section 401(a)(9) and
         related regulations that focus on an earlier Valuation Date, the amount
         of any payment that is due shall be determined based on the
         Participant's Account balance as of the Valuation Date which is the
         date of payment.

(h)      In lieu of receiving the normal form of benefit, an unmarried
         Participant with a vested Account balance not subject to section 7.3(a)
         may elect an optional form described in this section under procedures
         prescribed by the Benefits Committee that do not require the consent of
         anyone other than the Participant. In contrast, a Participant who is
         married on the annuity starting date for paying his or her benefits and
         has a vested Account balance not subject to section 7.3(a) shall be
         deemed to have automatically elected a Qualified Joint and Survivor
         Annuity unless this normal form of benefit is waived as follows. To
         receive an optional form in lieu of a Qualified Joint and Survivor
         Annuity, the Participant must make an election to which the
         Participant's spouse consents in a writing that is notarized or
         witnessed by a Plan representative and acknowledges the effect of the
         spouse's consent and recognizes and accepts the specific nonspouse
         Beneficiary, if any, who may receive benefits in the event of the
         Participant's death. Spousal consent to the Participant's waiver of a
         Qualified Joint and Survivor Annuity shall be effective only with
         respect to the

                                       23
<PAGE>

         spouse signing the consent. Such consent shall not be required if the
         Participant establishes to the satisfaction of the Benefits Committee
         that the consent cannot be obtained for valid reasons described in the
         Code or regulations thereunder.

(i)      A married Participant who wishes to elect an optional benefit form
         shall receive (by mail or personal delivery), no less than 30 days nor
         more than 90 days before the annuity starting date, a written
         explanation of--

         (1)  the terms and conditions of the automatic election of a Qualified
              Joint and Survivor Annuity in the previous paragraph;

         (2)  the Participant's right to make (and the effect of) an election to
              waive such benefit;

         (3)  the right of the Participant's spouse to consent in writing to
              such waiver;

         (4)  the fact that the waiver and consent are irrevocable or, if
              applicable, the right to make (and the effect of) a revocation of
              such waiver during the 90-day election period that precedes the
              annuity starting date; and

         (5)  the eligibility conditions and other material features and
              relative values of optional forms of benefits.

(j)      Notwithstanding the preceding subsection, effective as of September 22,
         1995, the Participant's annuity starting date may occur as soon as
         eight days subsequent to the delivery of notice to the Participant (or
         any earlier date permitted under IRS regulations), provided that the
         Participant is afforded the opportunity to consider whether to take an
         election for at least 30 days, but affirmatively elects (subject to
         spousal consent, if applicable) to have his retirement benefit commence
         prior to the expiration of the 30-day period. Any such election shall
         be revocable by the Participant until the later of--

         (1)  the expiration of the seven-day period following the delivery of
              notice; or

         (2)  the Participant's annuity starting date (which may precede the
              date of the Participant's election).

         Although the procedures described in the preceding two paragraphs shall
         normally apply, it shall be permissible for the Benefits Committee to
         provide the written explanation described above after the Participant's
         annuity starting date, so as to permit retroactive payment of benefits.
         Under these circumstances, the 30-day and eight-day timing requirements
         described above shall continue to apply.

                                       24
<PAGE>

7.4 DEATH BENEFITS

Upon the death of a Participant whose benefit payments have already commenced,
the death benefits, if any, shall be determined under form of payment in
progress. If a Participant dies before the annuity starting date for his or her
benefit payments and leaves a surviving spouse, the death benefit shall be paid
as a Qualified Preretirement Survivor Annuity, subject to the following. For
this purpose, a "Qualified Preretirement Survivor Annuity" means an annuity
described in Code section 417(c) that can be purchased with the Participant's
vested Account balance and provides payments for the spouse's life in the amount
which can be purchased from an insurance company with such balance. The
Participant and spouse may not waive a Qualified Preretirement Survivor Annuity
in order to allow the Participant to designate a different Beneficiary or a
different benefit form in the event of his or her death prior to the
commencement of any benefit payments. Notwithstanding the foregoing, after the
Participant's death and prior to the commencement of any benefit payments, the
surviving spouse may elect an immediate lump sum distribution of the
Participant's vested Account balance in lieu of the Qualified Preretirement
Survivor Annuity.

Upon the death of an unmarried Participant prior to the annuity starting date
for such Participant's benefit payments, the Plan shall pay the Participant's
entire vested Account balance to the Beneficiary in a single sum payment. The
Account balance shall be the amount determined as of the Valuation Date on which
the payment is made to the Beneficiary. The payment to the Beneficiary shall be
made as soon as practicable; provided, however, that if the Beneficiary is the
Participant's spouse and the vested Account balance, prior to any distributions,
exceeds $3,500 ($5,000 effective January 1, 1998), then payment shall not be
made without the spouse's written consent prior to the date that the Participant
would have attained Normal Retirement Age. If the spouse defers receipt of the
death benefit described in this section, the Account balance to be distributed
shall be determined under the procedures in section 7.3 for distributions
requiring the Participant's consent, except that the spouse's consent shall be
substituted for the Participant's consent.

The Benefits Committee may require such proper proof of death and such evidence
of the right of any person to receive payment of the value of the Participant's
vested Account as the Benefits Committee may deem desirable. The Benefits
Committee's determination of death and of the right of any person to receive
payment shall be conclusive.

7.5 MINIMUM DISTRIBUTION REQUIREMENTS

This section provides for the latest time that the Participant's vested Account
may be distributed; it takes precedence over any inconsistent Plan provision.
All distributions required under this section shall be determined and made in
accordance with Code sections 401(a)(9) and 401(a)(14) as well as regulations
thereunder, including the minimum distribution incidental benefit requirements,
which are incorporated herein by this reference.

Payment of benefits to a Participant shall be made or commence not later than
the sixtieth day after the close of the Plan Year in which occurs the later of
the Participant's Separation

                                       25
<PAGE>

from Service or the Participant's attainment of Normal Retirement Age. If for
any reason the amount which is required to be paid cannot be ascertained on the
date payment would be due hereunder, payment shall be made not later than 90
days after the earliest date on which the amount of such payment can be
ascertained.

Moreover, distribution of the Participant's vested Account must begin not later
than the April 1 following the calendar year in which the Participant attains
age 70 1/2 even if the Participant has not incurred a Separation from Service by
such date.

If distribution of the Participant's benefit has commenced before the
Participant dies, the remaining benefit, if any, shall be distributed at least
as rapidly as the method in effect at the Participant's death. If distribution
of the Participant's benefit has not commenced before the Participant dies, then
any death benefit payable to a nonspouse Beneficiary under the terms of the Plan
shall be paid within one year of the Participant's death. If the distribution
has not commenced when the Participant dies and the death benefit is to be paid
to the Participant's surviving spouse, the payment of such death benefit must
commence no later than the end of the Plan Year following the calendar year in
which the Participant would have attained age 70 1/2.

7.6 LUMP SUMS AND OTHER ELIGIBLE ROLLOVER DISTRIBUTIONS

Lump sums and other eligible rollover distributions under the Plan shall comply
with the requirements of Code section 401(a)(31) as follows. This section
applies to distributions made on or after January 1, 1993. Notwithstanding any
provision of the Plan to the contrary that would otherwise limit a distributee's
election under this section, a distributee may elect, at the time and in the
manner prescribed by the Committee, to have any portion of an eligible rollover
distribution paid directly to an eligible retirement plan specified by the
distributee in a direct rollover. For purposes of this section, the following
definitions shall apply.

An "eligible rollover distribution" is any distribution of all or any portion of
the balance to the credit of the distributee, except that an "eligible rollover
distribution" does not include: any distribution that is one of a series of
substantially equal period payments (not less frequently than annually) made for
the life (or life expectancy) of the distributee and the distributee's
designated Beneficiary, or for a specified period of ten years or more; any
distribution to the extent such distribution is required under section 401(a)(9)
of the Code; any hardship distribution made from a 401(k) or 403(b) plan after
1998; and the portion of any distribution that is not includible in gross income
(determined without regard to the exclusion for net unrealized appreciation with
respect to employer securities); and provided further that the determination of
what constitutes an "eligible rollover distribution" shall at all times be made
in accordance with the current rules of Code section 402(c), which shall be
controlling for this purpose.

An "eligible retirement plan" is 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

                                       26
<PAGE>

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 an individual retirement
account or individual retirement annuity.

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

A "direct rollover" is a payment by the Plan to the eligible retirement Plan
specified by the distributee.

In prescribing the manner of making elections with respect to eligible rollover
distributions, as described above, the Committee may provide for the uniform,
nondiscriminatory application of any restrictions permitted under applicable
sections of the Code and related rules and regulations, including a requirement
that a distributee may not elect a partial direct rollover in an amount less
than $500 and a requirement that a distributee may not elect to make a direct
rollover from a single eligible rollover distribution to more than one eligible
retirement plan. Moreover, if a distribution is one to which sections 401(a)(11)
and 417 of the Code do not apply, such distribution may commence less than 30
days after the notice required under section 1.411(a)-11(c) of the Income Tax
Regulations is given, provided that--

(1)      the Plan administrator clearly informs the Participant that the
         Participant has a right to a period of at least 30 days after receiving
         the notice to consider the decision of whether or not to elect a
         distribution (and, if applicable, a particular distribution option);
         and

(2)      the Participant, after receiving the notice, affirmatively elects a
         distribution.

7.7 LOANS TO PARTICIPANTS

The Benefits Committee, upon written application by an eligible Participant,
shall permit the Plan to make a loan to such Participant, provided that all
loans shall comply with such rules and regulations as the Benefits Committee may
establish for making Plan loans consistent with the following terms and
conditions:

(a)      Loans shall be made available to all Participants, subject to the
         following conditions, provided that loans granted on or after July 1,
         1994, shall be available only to Participants who are "parties in
         interest" for purposes of section 3(14) of ERISA. These loans shall at
         all times be available on a nondiscriminatory and reasonably equivalent
         basis under uniform rules prescribed by the Benefits Committee in
         accordance with the requirements of the Code and ERISA and this section
         7.7.

                                       27
<PAGE>

(b)      Loans may be processed as of any Valuation Date following such
         reasonable notice as the Benefits Committee may require. To receive a
         loan from the Plan, a Participant and his or her spouse, if any, must
         execute a promissory note and have their signatures witnessed by a
         notary public on a form prescribed by the Benefits Committee that shows
         the loan amount and authorize payroll deductions for payment of
         interest and principal in accordance with procedures adopted by the
         Benefits Committee. To secure repayment of the loan, the Participant
         (and the Participant's spouse, if any) shall, within the 90 day period
         before the loan is made, consent to any distribution resulting from a
         setoff of the loan against the Participant's Account under subsection
         (h). Any consent by a Participant's spouse must comply with the Plan's
         requirements for waiving a Qualified Joint and Survivor Annuity or a
         Qualified Preretirement Survivor Annuity. Therefore, the consent must
         be in writing, must acknowledge the effect of the loan, and must be
         witnessed by a notary public.

(c)      The amount of the loan shall not be less than $1,000 nor more than 50
         percent of the first $100,000 of the vested balance in the
         Participant's Account. The 50 percent limitation shall be reduced by
         the highest outstanding balance of loans to the Participant from the
         Plan during the 1-year period ending on the day before the date on
         which the loan is made. If such Participant is also covered under
         another qualified plan maintained by the Company, Affiliate, or
         Associated Company, the above limitations shall be applied as though
         all such qualified plans are one plan. In no event may a Participant
         have more than one outstanding loan from this Plan at any time.

(d)      The loan repayment period shall not exceed 60 months. However, loans
         which are used to acquire the Participant's principal residence may be
         repaid over a reasonable period not exceeding 180 months. Moreover, in
         no event shall the loan repayment period for a loan granted on or after
         July 1, 1994 end later than the end of the second month following the
         month in which the Participant ceases to be a party in interest for
         purposes of section 3(14) of ERISA.

(e)      The Benefits Committee shall determine the interest rate for Plan loans
         or the method for determining such rate and communicate it to
         Participants in advance. For this purpose, the following rules shall
         apply. Each loan shall bear an interest rate equal to the prime rate of
         a bank selected by the Benefits Committee or equal to the prime rate as
         reported in the WALL STREET JOURNAL or other Benefits
         Committee-selected publication of general circulation. The interest
         rate so determined shall be the one in effect at the time the loan is
         granted and shall remain fixed for the term of the loan.
         Notwithstanding the foregoing, the Benefits Committee may select and
         publish another method for determining the interest rate that complies
         with applicable law if it determines that the use of a method like the
         foregoing is not permitted under ERISA or other applicable law.

                                       28
<PAGE>

(f)      The Benefits Committee shall establish a Loan Fund representing the
         Participant's individual investment in the loan of amounts that were
         withdrawn from various Investment Funds in which the Participant's
         Account was invested and prior to being lent to the Participant. Unpaid
         loan amounts shall remain in the Loan Fund under the Participant's
         Account, which shall serve as security for the loan to the extent so
         invested. The Accounts and Investment Funds of the Participant that are
         used to provide the amount lent to the Participant shall be determined
         under uniform procedures established by the Benefits Committee after
         consulting with the Trustee and recordkeeper as appropriate to ensure
         their feasibility. Each repayment of principal on the loan received by
         the Trustee from the Participant shall reduce the Participant's
         investment in his Loan Fund and such repayment of principal together
         with each payment of loan interest shall increase pro rata the amount
         invested in each other Investment Fund in accordance with the
         Participant's investment elections at the time of such repayment,
         subject to any Investment Fund restrictions.

(g)      Except as otherwise provided below, repayment in equal installments of
         interest and principal shall be accomplished through regular payroll
         deductions. The obligation to make repayments of principal and interest
         shall be suspended during the period not to exceed one year that the
         Participant is on an authorized leave of absence without pay. If the
         unpaid leave continues thereafter, the Participant shall be required to
         recommence repayments, on a monthly basis by check, until he returns to
         pay status and resumes regular repayments by means of payroll
         deductions. To satisfy legal requirements, the Benefits Committee may
         specify rules for redetermining the amount, timing, or manner of
         repayments following a period of suspension due to unpaid leave; but
         such redetermination shall not be made for other reasons. The
         obligation to make repayments shall continue during a paid leave of
         absence or a transfer to a paid status as an Employee who is no longer
         an Eligible Employee. Where it is not feasible in such a case to
         continue processing the loan repayments as payroll deductions under a
         payroll system that currently covers the Participant, the repayments
         shall be made by the Participant by check on a monthly basis. A
         Participant shall be entitled at any time to prepay, without penalty,
         any or all of the accrued interest and outstanding principal amount of
         the loan by direct payment. Notwithstanding the foregoing, loan
         repayments will be suspended under this Plan as permitted under section
         414(u)(4) of the Code.

(h)      If a Participant incurs a Separation from Service and either receives
         an immediate distribution of his remaining interest in the Plan or does
         not pay the total accrued interest and outstanding principal amount of
         the loan within 60 days, the Participant's note shall be canceled and
         the principal deemed distributed by the Trust Fund to him or, if
         applicable, his Beneficiary. This paragraph shall not apply, however,
         to any loan granted before July 1, 1994, nor shall it apply to any loan
         granted after such date in the case of a Participant who,
         notwithstanding his Separation from Service, continues to be a party in
         interest under section 3(14) of

                                       29
<PAGE>

         ERISA, who, while not in default on his regular loan repayments, is
         legally entitled to continue his loan. Any Participant whose loan
         continues following Separation from Service pursuant to this paragraph
         shall be allowed to make required loan repayments by monthly checks or
         other appropriate means approved by the Benefits Committee once he or
         she ceases to be covered by a payroll of the Company, Affiliate, or
         Associated Company.

(i)      The Company and the Trustee may make suitable arrangements, consistent
         with the requirements of the Code and ERISA, for holding the
         Participant's note under an agency, subtrust or other vehicle that
         provides adequate safeguards while simplifying the handling of the loan
         and eliminating the need to transfer the note to the Trustee.

(j)      The foregoing provisions of this section notwithstanding, the Benefits
         Committee reserves the right to stop granting loans to Participants at
         any time.

                                       30
<PAGE>

ARTICLE 8. INVESTMENT ELECTIONS

8.1 INVESTMENT OF NEW CONTRIBUTIONS

All contributions made by and on behalf of a Participant each Plan Year shall be
invested as the Participant shall designate in the Investment Funds then
available in increments of 1 percent of the aggregate amount of such
contributions. If the Participant fails to make a valid election, contributions
made by and on behalf of the Participant shall be invested in the Schwab money
market fund.

Notwithstanding the preceding paragraph, the Benefits Committee, in its sole
discretion, may permit Participants to exercise full investment discretion over
their Accounts by instructing the Broker as to the investment of the assets held
by the Trustee in the Participant's Account in the available Investment Funds as
described in section 2.1(t)(2). The Benefits Committee reserves the authority to
restrict a Participant's investment in certain of the investment vehicles which
constitute Investment Funds. A separate account at the Broker shall be
established for each Participant who exercises full investment discretion over
his Account. For purposes of this paragraph, the term "Broker" means Charles
Schwab & Co., Inc. or its successor or assign serving from time to time, which
shall be a broker-dealer registered under the Securities Exchange Act of 1934,
as amended.

8.2 INVESTMENT TRANSFERS

Subject to any investment instructions and procedures that may apply from time
to time, each Participant, including inactive and former Participants, may elect
to transfer any amounts invested in an Investment Fund to one or more other
Investment Funds at any time. Each Participant, including inactive and former
Participants, who is instructing the Broker as to the investment of the assets
in his Account may direct the Broker to reinvest such assets at any time and
from time to time, subject to the internal rules and policies of the Broker.
Further, each Participant, including inactive and former Participants, may elect
to transfer all amounts invested in Investment Funds to a separate account with
the Broker for the purpose of exercising full investment discretion over his
Account. Alternatively, each Participant including inactive and former
Participants, may elect to transfer all amounts which are held in an account
with the Broker to one or more of the Investment Funds. Any investment transfer
shall become effective as soon as administratively possible, according to the
rules and procedures established by the Benefits Committee, recordkeeper,
Trustee, and/or Broker, as applicable.

8.3 INVESTMENT ELECTIONS

Each Participant may make the election described in section 8.1 by filing an
election form with the Benefits Committee upon becoming a Participant. The
elections described in sections 8.1 and 8.2 may be changed together or
separately by making an election in the manner acceptable to the Benefits
Committee.

                                       31
<PAGE>

Subject to such rules as the Benefits Committee may prescribe, Beneficiaries and
alternate payees shall have the same investment election rights as Participants
under this Plan.

8.4 TRANSFER OF ASSETS

The Benefits Committee shall establish procedures to transmit investment
directions of the Participants to the recordkeeper. The recordkeeper shall
instruct the Trustee to invest and reinvest assets held in the Participants'
Accounts based on such directions.

8.5 PARTICIPANT-DIRECTED INVESTMENTS

(a)      INTENT TO MEET ERISA SECTION 404(c). The Plan provisions pertaining to
         Participant-directed investments are intended to permit the Plan and
         Participant-directed transactions under it to comply with requirements
         in ERISA section 404(c) and related regulations so that a Participant
         will not be deemed to be a fiduciary by reason of exercising control
         over assets in his or her Account, and no person who is otherwise a
         fiduciary shall be liable, either for any loss or by reason of any
         breach, which results from the exercise of such control. For purposes
         of carrying out this intent, any Plan reference to a Participant who
         exercises control over Account assets shall be deemed to include a
         Beneficiary or an alternate payee who exercises such control, and any
         reference to a specific Department of Labor regulation shall be deemed
         to include a reference to any other currently applicable rule or
         regulation pertaining to the same subject.

(b)      FIDUCIARY FOR DISCLOSURES AND INSTRUCTIONS. To comply with ERISA
         section 404(c) and Department of Labor regulation 2550.404(c)-1
         thereunder, the Benefits Committee is designated as the Plan fiduciary
         responsible for giving Participants, Beneficiaries and alternate payees
         (together referred to as "eligible investors") all required
         information, receiving and carrying out investment directions from
         eligible investors and giving eligible investors written confirmation
         of instructions received from them. Accordingly, the Benefits Committee
         (or a person or persons designated by the Benefits Committee to act on
         its behalf) shall provide information to eligible investors in
         accordance with section 1((b)(2)(B) of the above Department of Labor
         regulation, shall receive investment instructions provided by such
         eligible investors in accordance with this article of the Plan, and
         shall provide eligible investors with written confirmation of such
         instructions. The Benefits Committee and any person or persons it has
         designated to act on its behalf shall comply with all such investment
         instructions from eligible investors except in cases where the Benefit
         Committee declines to implement such instructions in accordance with
         sections 1(b)(2)(ii)(B) and 1(d)(2)(ii) of the above Department of
         Labor regulation.

                                       32
<PAGE>

ARTICLE 9. PARTICIPANT ACCOUNTS AND RECORDS

9.1 ACCOUNTS AND RECORDS

The accounts and records of the Plan shall be maintained at the direction of the
Benefits Committee and shall accurately disclose the value of the Account of
each Participant or Beneficiary in the Plan. Such accounts and records may be
kept in dollars or in units or both, as determined in accordance with generally
accepted principles of trust accounting approved by the Benefits Committee.

Each subaccount of a Participant's Account shall be assigned a share of each
Investment Fund in which the Participant's Account is invested in the proportion
which the balance of such subaccount bears to the total Participant's Account.
The Benefits Committee shall cause records to be maintained relative to a
Participant's Account so that there may be determined as of any Valuation Date
the current value of the Participant's Account in the Trust Fund and the
adjustments from the previous Valuation Date that have produced such current
value. If the Participant is exercising full investment discretion over his
Account, such Participant's Account shall be credited with the earnings, gains,
and losses attributable to the assets in the Participant's Account.

9.2 VALUATION ADJUSTMENTS

As of each Valuation Date, the recordkeeper shall credit the Accounts of
Participants and Beneficiaries with contributions made during the day and debit
such Accounts with withdrawals and distributions during such day. The net worth
of an Investment Fund shall be determined in accordance with generally accepted
principles of trust accounting and shall be conclusive and binding upon all
persons having an interest under the Plan.

                                       33
<PAGE>

ARTICLE 10. FINANCING

10.1 FUNDING OF THE PLAN

The Company shall maintain a Trust Fund to finance the benefits under the Plan,
by entering into one or more Trust Agreements or insurance and bank investment
contracts approved by the Company, or by causing insurance and bank investment
contracts to be held under a Trust Agreement. Any Trust Agreement is designated
as and shall constitute a part of this Plan. All rights which may accrue to any
person under this Plan shall be subject to all the terms and provisions of such
Trust Agreement. A Trustee shall be appointed by the Company and shall have such
powers as provided in the Trust Agreement. The Company may modify any Trust
Agreement or insurance and bank investment contract from time to time to
accomplish the purpose of the Plan and may replace any insurance company or bank
or appoint a successor Trustee or Trustees. By entering into such Trust
Agreements or insurance or bank investment contracts, the Company shall vest in
the Trustee, or in one or more investment managers appointed under the terms of
the Trust Agreement from time to time by action of the Benefits Committee,
responsibility for the management and control of the Trust Fund. In the event
the Benefits Committee appoints any such investment manager, the Trustee shall
not be liable for the acts or omissions of the investment manager or have any
responsibility to invest or otherwise manage any portion of the Trust Fund
subject to the management and control of the investment manager. The Company
from time to time shall establish a funding policy which is consistent with the
objectives of the Plan and shall communicate it to the Trustee and each
investment manager so that they may coordinate investment policies with such
funding policy. Nothing in this section shall eliminate the responsibility of
Participants for the results of investment elections that are within their
control, as provided in Article 8.

10.2 EMPLOYER CONTRIBUTIONS

Each Employer shall make the contributions to the Trust Fund that are required
of it under the terms of this Plan, subject to the right of the Company to
discontinue the Plan.

10.3 NONREVERSION

Anything in this Plan to the contrary notwithstanding, it shall be impossible at
any time for the contributions of the Company (or any Employer) or any part of
the Trust Fund to revert to the Company, Affiliate, or Associated Company or to
be used for or diverted to any purpose other than the exclusive benefit of
Participants or their Beneficiaries, except that--

(a)      if all or a portion of any contribution is made by an Employer by a
         mistake of fact, upon written request to the Trustee, such contribution
         or such portion (less any investment losses attributable thereto) and
         any increment thereon shall be returned to the Employer within one year
         after the date of payment; and

(b)      in the event that a deduction for any contributions made by the
         Employer is disallowed by the Internal Revenue Service in any Plan
         Year, then that portion of the Employer contribution (less any
         investment losses attributable thereto) that is not deductible shall be
         returned to the Employer within one year from the date of receipt of
         notice by the Internal Revenue Service of the disallowance of the
         deduction.

                                       34
<PAGE>

ARTICLE 11. ADMINISTRATION

11.1 THE BENEFITS COMMITTEE

The Plan shall be administered by a Benefits Committee appointed by the Board of
Directors. The Benefits Committee shall be composed of as many members as the
Board may appoint from time to time, but not fewer than three members, and shall
hold office at the pleasure of the Board. Such members may, but need not, be
Employees of the Company.

Any member of the Benefits Committee may resign by delivering a written
resignation to the Board and to the Benefits Committee Secretary with 30 days'
advance notice. Such resignation shall be effective no earlier than the date of
the written notice.

Vacancies in the Benefits Committee arising by resignation, death, removal or
otherwise, shall be filled by the Board.

11.2 COMPENSATION AND EXPENSES

The members of the Benefits Committee shall serve without compensation for
services as a member of the Benefits Committee. Any member of the Benefits
Committee may receive reimbursement by the Company of expenses properly and
actually incurred in the performance of duties as a Benefits Committee member.

All administrative expenses of the Plan shall be paid out of Plan assets if not
paid directly by the Company. Such expenses shall include any expenses incident
to the functioning of the Benefits Committee and the Trustee, including, but not
limited to, fees of the Plan's accountants, outside counsel and other
specialists, Trustee's fees, asset management fees, and other costs of
administering the Plan.

11.3 MANNER OF ACTION

A majority of the members of the Benefits Committee at the time in office shall
constitute a quorum for the transaction of business. All resolutions adopted,
and other actions taken by the Benefits Committee at any meeting shall be by the
vote of a majority of those present at any such meeting. Upon the unanimous
written consent of the members at the time in office, action of the Benefits
Committee may be taken otherwise than at a meeting.

11.4 CHAIRMAN, SECRETARY, AND EMPLOYMENT OF SPECIALISTS

The members of the Benefits Committee shall elect one of their number as
Chairman and shall elect a Secretary who may, but need not, be a member of the
Benefits Committee. They may authorize one or more of their number or any agent
to execute or deliver any instrument or instruments on their behalf, and may
employ such counsel, auditors, and other specialists and such clerical, medical,
actuarial and other services as they may require in carrying out the provisions
of the Plan.

                                       35
<PAGE>

11.5 SUBCOMMITTEES

The Benefits Committee may appoint one or more subcommittees and delegate such
of its power and duties as it deems desirable to any such subcommittee, in which
case every reference herein made to the Benefits Committee shall be deemed to
mean or include the subcommittees as to matters within their jurisdiction. The
members of any such subcommittee shall consist of such officers or other
Employees of the Company and such other persons as the Benefits Committee may
appoint.

11.6 OTHER AGENTS

The Benefits Committee may also appoint one or more persons or agents to aid it
in carrying out its duties as Plan administrator. The Benefits Committee may
delegate such of its powers and duties as it deems desirable to such persons or
agents.

11.7 RECORDS

All resolutions, proceedings, acts and determinations of the Benefits Committee
shall be recorded under the Secretary's supervision. All such records, together
with such documents and instruments as may be necessary for the administration
of the Plan, shall be preserved in the custody of the Secretary.

11.8 RULES

Subject to the limitations contained in the Plan, the Benefits Committee shall
be empowered from time to time in its discretion to adopt by-laws and establish
rules for the conduct of its affairs and the exercise of the duties imposed upon
it under the Plan.

11.9 BENEFITS COMMITTEE'S POWERS AND DUTIES

The Benefits Committee shall have responsibility for the general administration
of the Plan and for carrying out its provisions. The Benefits Committee shall
have such powers and duties as may be necessary to discharge its functions
including, but not limited to, the following:

(a)      to construe and interpret the Plan, to decide all questions of
         eligibility and determine the amount, manner and time of payment of any
         benefits hereunder;

(b)      to make a determination as to the right of any person to an allocation,
         and the amount thereof;

(c)      to obtain from the Employees and Employers such information as shall be
         necessary for the proper administration of the Plan and, when
         appropriate, to furnish such information promptly to the Trustees or
         other persons entitled thereto;

(d)      to prepare and distribute, in such manner as the Company determines to
         be appropriate, information explaining the Plan;

                                       36
<PAGE>

(e)      to establish and maintain such accounts in the name of each Participant
         as are necessary;

(f)      to instruct the Trustee with respect to the payment of benefits
         hereunder;

(g)      to provide for any required bonding of fiduciaries and other persons
         who may from time to time handle Plan assets;

(h)      to prepare and file any reports required by ERISA;

(i)      to engage an independent public accountant to conduct such examinations
         and to render such opinions as may be required by ERISA;

(j)      to allocate contributions and Trust Fund gains or losses to the
         Accounts of Participants; and

(k)      to correct any mistakes and cure any defects in the administration of
         the Plan.

11.10 INVESTMENT RESPONSIBILITIES

The Benefits Committee shall have the authority and responsibility to direct the
Trustee with respect to the investment and management of the Trust Fund. Except
as otherwise provided in ERISA, the Benefits Committee may delegate such
authority and responsibility to direct the Trustee to any person who
acknowledges in writing that it is a fiduciary with respect to the Plan and who
provides the Benefits Committee with a written affirmation that it is qualified
to act as an investment manager within the meaning of ERISA. If the Benefits
Committee delegates to an investment manager the authority and responsibility to
so direct the Trustee, such investment manager, and not the Benefits Committee
or the Trustee, shall have sole responsibility for the investment and management
of so much of the Trust Fund as has been entrusted to his or her management and
control, and, except to the extent otherwise required by ERISA, such delegation
shall relieve the Benefits Committee and the members thereof of all duties and
responsibilities with respect to the authority and responsibility so delegated.

The Benefits Committee may relinquish to the Trustee the Benefits Committee's
power to direct the Trustee with respect to the investment and management of the
Trust Fund. In the event the Benefits Committee so relinquishes said power to
the Trustee and the Trustee accepts such responsibility in writing, the Trustee
shall have sole and exclusive power and responsibility with respect to the
investment and management of the Trust Fund. The Benefits Committee may regain
the power so relinquished by appropriate Benefits Committee action and notice to
the Trustee.

Nothing in this section shall eliminate the responsibility of Participants for
the results of investment elections that are within their control, as provided
in Article 8.

                                       37
<PAGE>

11.11 BENEFITS COMMITTEE'S DECISIONS CONCLUSIVE

Benefits under this Plan shall be paid only if the Benefits Committee decides in
its discretion that the applicant is entitled to them. The Benefits Committee
shall have the exclusive right and discretionary authority to interpret the
terms and provisions of the Plan and to resolve all questions arising
thereunder, including, without limitation, the right to resolve and remedy
ambiguities, inconsistencies, or omissions in the Plan; provided, however, that
the construction necessary for the Plan to conform to the Code shall in all
cases control. The Benefits Committee shall endeavor to act in such a way as not
to discriminate in favor of any class of Employees, Participants, or other
persons. Any and all disputes with respect to the Plan that may arise involving
Participants, Beneficiaries, or alternate payees shall be referred to the
Benefits Committee, and its decisions shall be final, conclusive, and binding.
All findings of fact, interpretations, determinations, and decisions of the
Benefits Committee in respect of any matter or question arising under the Plan
shall be final, conclusive, and binding upon all persons, including, without
limitation, Employees, Participants, Beneficiaries, alternate payees, and any
and all other persons having, or claiming to have, any interest in or under the
Plan and shall be given the maximum possible deference allowed by law.

11.12 INDEMNITY

The Company shall indemnify each member of the Benefits Committee (which, for
purposes of this section, includes any Employee to whom the Benefits Committee
has delegated fiduciary or other duties) against any and all claims, losses,
damages, expenses, including counsel fees, incurred by the member and any
liability, including any amounts paid in settlement with the Company's approval,
arising from the member's or the Company's action or failure to act, except when
the same is judicially determined to be attributable to the gross negligence or
willful misconduct of such member. The right of indemnity described in the
preceding sentence shall be conditioned upon--

(a)      the timely receipt of notice by the Company of any claim asserted
         against the member, which notice, in the event of a lawsuit shall be
         given within 90 days after receipt by the member of the complaint; and

(b)      the receipt by the Company of an offer from the member of an
         opportunity to participate in the settlement or defense of such claim.

11.13 FIDUCIARIES

The fiduciaries named in this Article shall have only those specific powers,
duties, responsibilities and obligations as are specifically given them under
this Plan or the Trust Agreement. The Employers shall have the sole
responsibility for making the contributions under the Plan. Except as provided
in section 12.1, the Company shall have the sole authority to amend or
terminate, in whole or in part, this Plan or the Trust Agreement and to appoint
or remove the Trustee. The Benefits Committee shall be the Named Fiduciary under
the Plan and shall have the sole responsibility for the administration of this
Plan. The officers and

                                       38
<PAGE>

Employees of the Company shall have the responsibility of implementing the Plan
and carrying out its provisions as the Benefits Committee shall direct. Except
as provided under ERISA with respect to investment and elections of Participants
allowed under Article 8, the Benefits Committee, the Trustee, and any investment
manager shall have the sole responsibility for the administration of the Trust
Fund and the management of the assets held under the Trust Agreement. A
fiduciary may rely upon any direction, information or action of another
fiduciary as being proper under this Plan or the Trust Agreement, and is not
required under this Plan or the Trust Agreement to inquire into the propriety of
any such direction, information or action. It is intended under this Plan and
the Trust Agreement that each fiduciary shall be responsible for the proper
exercise of that fiduciary's own powers, duties, responsibilities and
obligations under this Plan and the Trust Agreement and shall not be responsible
for any act or failure to act of another fiduciary. No fiduciary guarantees the
Trust Fund in any manner against investment loss or depreciation in asset value.
Any party may serve in more than one fiduciary capacity with respect to the Plan
or the Trust Agreement.

11.14 NOTICE OF ADDRESS

For purposes of distributing benefits, the Benefits Committee may rely upon the
address of record of the Participant, Beneficiary or other payee on file with
the Benefits Committee. Each person entitled to benefits from the Plan must file
with the Benefits Committee, in writing, each change of post office address. Any
communication, statement or notice addressed to such a person at his or her
latest reported post office address shall be binding upon that person for all
purposes of the Plan, and neither the Benefits Committee nor the Company or any
Trustee shall be obliged to search for or ascertain the person's whereabouts.

11.15 DATA

All persons entitled to benefits from the Plan must furnish to the Benefits
Committee such documents, evidence, or information, including information
concerning marital status, as the Benefits Committee considers necessary or
desirable for the purpose of administering the Plan. It is an express condition
of this Plan that each such person must furnish such information and sign such
documents as the Benefits Committee may require before any benefits become
payable from the Plan. The Benefits Committee shall be entitled to distribute
benefits to a nonspouse Beneficiary in reliance upon the signed statement of the
Participant that the Participant is unmarried without any further liability to a
spouse if such statement is false.

11.16 NONALIENATION

(a)      Plan benefits may not be assigned unless the Plan authorizes a specific
         exception to this general rule. Accordingly, except as permitted by the
         Plan in accordance with Code section 401(a)(13) and ERISA section
         206(d) with respect to assignments to alternate payees under qualified
         domestic relations orders, no benefit payable at any time under the
         Plan shall be subject to the debts or liabilities of a Participant or
         his or her Beneficiary, and any attempt to alienate, sell, transfer,
         assign, pledge, or

                                       39
<PAGE>

         otherwise encumber any such benefit, whether presently or thereafter
         payable, shall be void. Effective as of August 5, 1997, the Plan may
         offset payments described in a judgment, order, decree, or settlement
         agreement relating to a breach of fiduciary duty or criminal act
         against the Plan, as further described in Code section 401(a)(13).
         Subject to the foregoing exceptions, no benefit under the Plan shall be
         subject in any manner to attachment, garnishment, or encumbrance of any
         kind.

(b)      Assignments of Plan benefits may be made in accordance with the
         following specific exception for qualified domestic relations orders.
         Pursuant to procedures established by the Benefits Committee that are
         consistent with Code section 414(p) (including procedures requiring
         prompt notification of the affected Participant and each alternate
         payee of the Plan's receipt of a domestic relations order and its
         procedures for determining the qualified status of such order),
         judicial orders for purposes of enforcing family support obligations or
         pertaining to domestic relations (which orders do not alter the amount,
         timing or form of benefit other than to have it commence at the
         earliest permissible date) shall be honored by the Plan if the Benefits
         Committee determines that they constitute qualified domestic relations
         orders.

         (1)      Except as may otherwise be required by Department of Labor
                  regulations, a qualified domestic relations order may not
                  require a retroactive transfer of all or part of a
                  Participant's Account to or from the benefit of an alternate
                  payee without permitting an appropriate adjustment for
                  earnings and investment gains or losses that have occurred in
                  the interim, nor shall such orders require the Plan to provide
                  loans, self-directed investment elections, or other rights to
                  alternate payees that are not available to Beneficiaries
                  generally.

         (2)      To the full extent permitted by Code section 414(p)(10) and by
                  the terms of a qualified domestic relations order, amounts
                  assigned to an alternate payee may be paid as soon as possible
                  in a lump sum, notwithstanding the age, financial hardship,
                  employment status, or other factors affecting the ability of
                  the Participant to make a withdrawal or otherwise receive a
                  distribution of balances to the Participant's credit under the
                  Plan. In cases where such full and prompt payment of amounts
                  assigned to an alternate payee will not be made, the assigned
                  amounts shall be transferred within a reasonable time to the
                  Investment Funds selected by the alternate payee or to the
                  Schwab money market fund if the alternate payee does not make
                  a valid election within a reasonable time, as determined by
                  the Benefits Committee.

11.17 INCOMPETENCY

Every person receiving or claiming benefits under the Plan shall be conclusively
presumed to be mentally competent and of age until the date on which the
Benefits Committee receives a written notice, in a form and manner acceptable to
the Benefits Committee, that such person

                                       40
<PAGE>

is incompetent or a minor, for whom a guardian or other person legally vested
with the care of the person or estate has been appointed; provided, however,
that if the Benefits Committee shall find that any person to whom a benefit is
payable under the Plan is unable to care for his or her affairs because of
incompetency, or is a minor, any payment due (unless a prior claim therefor
shall have been made by a duly appointed legal representative) may be paid to
the spouse, a child, a parent or a brother or sister, or to any person or
institution deemed by the Benefits Committee to have incurred expense for such
person otherwise entitled to payment. To the extent permitted by law, any such
payment so made shall be a complete discharge of liability therefor under the
Plan.

In the event a guardian of the estate of any person receiving or claiming
benefits under the Plan shall be appointed by a court of competent jurisdiction,
benefit payments may be made to such guardian, provided that proper proof of
appointment and continuing qualification is furnished in a form and manner
acceptable to the Benefits Committee. To the extent permitted by law, any such
payment so made shall be a complete discharge of any liability therefor under
the Plan.

11.18     MISSING PERSONS

If the Benefits Committee is unable, within two years after the Participant's
distribution becomes due, to make payment because the identity or whereabouts of
the Participant or Beneficiary cannot be ascertained, the Benefits Committee may
mail a notice by registered mail to the last known address of such person
stating that unless such person makes written reply to the Benefits Committee
within 60 days from the mailing of such notice, the Benefits Committee shall
direct that the Participant's Account shall be forfeited and all further
benefits with respect to such person shall be discontinued and all liability for
the payment thereof shall terminate. In the event of the subsequent reappearance
of the Participant or Beneficiary prior to termination of the Plan, the benefits
which were due and payable and which such person failed to receive shall be paid
in a single sum, and any future benefits due such person shall be reinstated in
full. The amount payable to such person shall be equal to the benefit forfeited,
without interest on such amount for the period commencing on the date such
benefit was forfeited and ending on the date of the claim. If the Participant's
Account is reinstated under this section and available forfeitures are
insufficient to cover the reinstatement, then the Company shall contribute to
the Trust an amount which shall equal the reinstatement described above, without
interest or earnings for the period between such reallocation and the
reappearance.

11.19 APPEALS FROM DENIAL OF CLAIMS

(a)      If a Participant, Beneficiary or alternate payees (each of which may be
         "Claimant") believes he or she is entitled to a benefit, or a benefit
         different from the one received, then the Claimant may file a claim for
         the benefit by writing a letter to the Benefits Committee or its
         authorized delegate. If any claim for benefits under the Plan is wholly
         or partially denied, the Claimant shall be given notice in writing of
         such denial within 90 days after receipt of the claim or within an
         additional 90 days if

                                       41
<PAGE>

         special circumstances require an extension of time, and written notice
         of the extension shall be furnished to the Claimant. If special
         circumstances justify extending the claim period up to an additional 90
         days, the Claimant shall be given written notice of this extension
         within the original 90-day period, and such notice shall set forth the
         special circumstances and the date a decision is expected.

(b)      A notice of the denial, written in a manner calculated to be understood
         by the Claimant, shall set forth the following information:

         (1)      the specific reason or reasons for the denial;

         (2)      specific reference to pertinent Plan provisions on which
                  denial is based;

         (3)      a description of any additional material or information
                  necessary for the claimant to perfect the claim and an
                  explanation of why such material or information is necessary;

         (4)      an explanation that a full and fair review by the Benefits
                  Committee of the decision denying the claim may be requested
                  by the claimant or the claimant's authorized representative by
                  filing with the Benefits Committee, within 60 days after such
                  notice has been received, a written request for such review;
                  and

(c)      If such request is so filed, the claimant or the claimant's authorized
         representative may review pertinent documents and submit issues and
         comments in writing within the same 60-day period.

(d)      The decision of the Benefits Committee upon review shall be made
         promptly, and not later than 60 days after the Benefits Committee's
         receipt of the request for review, unless special circumstances require
         an extension of time for processing, in which case the claimant shall
         be so notified and a decision shall be rendered as soon as possible,
         but not later than 120 days after receipt of the request for review. If
         the claim is denied, wholly or in part, the claimant shall be given a
         copy of the decision promptly. The decision shall be in writing and
         shall include specific reasons for the denial, specific references to
         the pertinent Plan provisions on which the denial is based and shall be
         written in a manner calculated to be understood by the claimant.

(e)      All decisions made under the procedure set out in this section shall be
         final, and there shall be no further right of appeal. No person may
         initiate a lawsuit before fully pursuing the procedures set out in this
         section, including appeal. In addition, no legal action with respect to
         a claim for benefits may be initiated after the later of--

         (1)      365 days after receiving the written response of the Benefits
                  Committee to the Claimant's request for review pursuant to
                  subsection (d); or

         (2)      two years after the Claimant's original claim for benefits
                  pursuant to subsection (a).

                                       42
<PAGE>

ARTICLE 12. AMENDMENT AND TERMINATION

12.1 AUTHORITY TO AMEND OR TERMINATE

The Company expects the Plan to be permanent and continue indefinitely, but
since future conditions affecting the Company cannot be anticipated or foreseen,
the Company must necessarily and does hereby reserve the right to amend, modify
or terminate the Plan at any time by action of its Board of Directors. The
Benefits Committee may make any modifications or amendments to the Plan that are
necessary or appropriate to meet the requirements of ERISA, the Code or any
other law. The Benefits Committee may also make any technical or clerical
amendments which do not significantly increase or decrease benefit levels or
costs. No amendment of the Plan shall cause any part of the Trust Fund to be
used for, or diverted to, purposes other than for the exclusive benefit of the
Participants or their Beneficiaries covered by the Plan. Plan amendments may not
decrease the Account balance of any Participant. In addition, neither the
Company nor the Benefits Committee may, through the exercise of discretion or by
Plan amendment, deny a Participant a benefit or right protected under Code
section 411(d)(6) and the related regulations to which the Participant is
otherwise entitled.

Notwithstanding the preceding paragraph of this section 12.1, Oceanic
Exploration Company is hereby authorized to amend or modify the Plan solely with
respect to the employees of Oceanic Exploration Company and its Affiliates and
their participation under the Plan, at any time by action of the Board of
Directors of Oceanic Exploration Company.

12.2 DISTRIBUTION ON TERMINATION

Upon termination of the Plan, in whole or in part, or upon complete
discontinuance of contributions to the Plan by the Company, the value of the
proportionate interest in the Trust Fund of each Participant affected by such
termination having an interest in the Trust Fund shall be determined by the
Benefits Committee as of the date of such termination or discontinuance. The
Accounts of such Participants shall be fully vested and nonforfeitable.
Thereafter, distribution shall be made to such Participants as directed by the
Benefits Committee.

Upon the partial termination of the Plan, the Benefits Committee shall determine
the timing of a distribution of the balance of the affected Participants'
Accounts.

12.3 CORPORATE REORGANIZATIONS

In the event the Company is dissolved or liquidated or shall by appropriate
legal proceedings be adjudged a bankrupt, or in the event judicial proceedings
of any kind result in the involuntary dissolution of the Company, the Plan shall
be terminated. The merger, consolidation or reorganization of the Company, or
the sale of the Company or of all or substantially all of its assets or stock,
shall not terminate the Plan if there is delivery to the Company, by its
successor or by the purchaser of all or substantially all of its stock or
assets, a written instrument requesting that it be substituted for the Company
and agreeing to

                                       43
<PAGE>

perform all the provisions hereof which the Company is required to perform
hereunder. Upon the receipt of said instrument, with the approval of the
Company, the successor or the purchaser shall be substituted for the Company
herein, and the Company shall be relieved and released from all obligations of
any kind, character or description herein or in any trust agreement.

12.4 PLAN MERGER OR TRANSFER

This Plan shall not merge or consolidate with, or transfer assets and
liabilities to, or accept a transfer from, any other employee benefit plan
unless each Participant in this Plan will (if the Plan had then terminated)
receive a benefit immediately after the merger, consolidation or transfer which
is not less than the benefit the Participant would have been entitled to receive
immediately before the merger, consolidation or transfer of assets (if this Plan
had then terminated).

                                       44
<PAGE>

ARTICLE 13. TOP-HEAVY PROVISIONS

13.1 APPLICATION

The provisions of this Article shall be interpreted and administered in
accordance with the requirements of Code section 416 and related Treasury
regulations. Because the Plan is a multiple employer plan, as described in Code
section 413(c), the top-heavy requirements of Code section 416 and related
Treasury regulations apply to each controlled group Employer separately to the
extent that benefits under the Plan are provided to Employees with respect to
service for that controlled group Employer. For purposes of this Article, the
term "Employer" includes an Employer under the Plan and only those Affiliates of
such entity that must be aggregated and treated as a single employer for
purposes of Code section 414 and related Treasury regulations.

If, as of the Determination Date in any Plan Year, the sum of the Accounts of
Employees who are Key Employees of a controlled group Employer for such Plan
Year exceeds 60 percent of the sum of the Accounts of all Employees of the
controlled group Employer and their Beneficiaries or the Plan is part of a
Top-Heavy Group, then the following provisions under this Article shall apply
for such Plan Year. The foregoing notwithstanding, the provisions of this
Article shall not apply to the Plan in any Plan Year during which it is part of
an Aggregation Group (as defined in Plan section 13.3(a)) with respect to a
controlled group Employer, whether or not it is top-heavy as a single plan,
unless the Aggregation Group of which it is a part is top-heavy with respect to
the controlled group Employer in such Plan Year.

The "Determination Date," which is the date for determining the applicability of
this Article, is--

(a)      for the first Plan Year beginning after 1983, the last day of the Plan
         Year; and

(b)      for any other Plan Year, the last day of the preceding Plan Year.

13.2     KEY EMPLOYEES

(a)      For purposes of this Article, the term "Key Employee" means any
         Employee or former Employee (and the Beneficiary of such an Employee)
         who at any time during the Plan Year in which a determination of
         top-heaviness is made or any of the four preceding Plan Years is--

         (1)      an officer of the controlled group Employer whose Section 415
                  Compensation during the relevant Plan Year exceeded 50 percent
                  of the dollar limitation in effect under Code section
                  415(b)(1)(A); provided, however, that no more than the lesser
                  of--

                  (A)      50 Employees; or

                                       45
<PAGE>

                  (B)      the greater of three Employee or 10 percent of all
                           Employees shall be treated as officers;

         (2)      one of the ten Employees having Section 415 Compensation for
                  the relevant Plan Year in excess of the dollar limitation in
                  effect under Code section 415(c)(1)(A) and owning (or
                  considered as owning within the meaning of Code section 318,
                  as modified by Code section 416(i)(1)(B)) the largest
                  interests in the controlled group Employer; provided, however,
                  that if two Employees have the same interest in the controlled
                  group Employer, then the Employee with the greater Section 415
                  Compensation shall be treated as having the larger interest;

         (3)      a 5-percent owner of the controlled group Employer; or

         (4)      a 1-percent owner of the controlled group Employer having
                  annual Section 415 Compensation of more than $150,000.

(b)      A 5-percent owner is any Employee who owns (or is considered as owning
         within the meaning of Code section 318, as modified by Code section
         416(i)(1)(B)) more than 5 percent of the value of the outstanding stock
         of the Employer or stock possessing more than 5 percent of the total
         combined voting power of all stock of the Employer. Similarly, a
         1-percent owner is any Employee who owns (or is considered as owning
         within the meaning of Code section 318, as modified by Code section
         416(i)(1)(B)) more than 1 percent of the value of the outstanding stock
         of the Employer or stock possessing more than 1 percent of the total
         combined voting power of all stock of the Employer. For purposes of
         determining 5-percent and 1-percent owners, the aggregation and other
         rules of subsections (b), (c) and (m) of Code section 414 do not apply.

(c)      If an Employee who has not terminated employment ceases to be a Key
         Employee, such Employee's Account balance or accrued benefit shall be
         disregarded under the top-heavy plan computation for any Plan Year
         following the last Plan Year for which the individual was treated as a
         Key Employee. The Account balance or accrued benefit of any Employee or
         former Employee, who has not performed any services for the controlled
         group Employer at any time during the five-year period ending on the
         Determination Date, shall not be taken into account to determine
         whether the Plan or Aggregation Group is top-heavy.

A "non-Key Employee" means any Participant who is not a Key Employee, but who is
an Employee on the last day of the Plan Year.

13.3 TOP-HEAVY GROUP

For purposes of determining whether the Plan is a part of a Top-Heavy Group, the
following rules shall apply:

                                       46
<PAGE>

(a)      AGGREGATION GROUP. The Aggregation Group shall include any plan
         maintained by the controlled group Employer which covers a Key Employee
         and any other plan which enables a plan covering a Key Employee to meet
         the requirements of Code section 401(a)(4) or 410.

(b)      TOP-HEAVY GROUP. An Aggregation Group is a Top-Heavy Group if the sum
         of the account balances of Key Employees under all defined contribution
         plans included in the group and the present value of the accumulated
         accrued benefits for Key Employees under all defined benefit plans in
         the group exceeds 60 percent of a similar sum determined for all
         Employees and their Beneficiaries under all such plans in the group.
         The present value of accrued benefits under defined benefit plans and
         the account balances under defined contribution plans shall be
         determined separately as of each plan's determination date. For
         purposes of determining whether an Aggregation Group is a Top-Heavy
         Group, the present value of accrued benefits under all defined benefit
         plans in the Aggregation Group shall be determined using a single set
         of actuarial assumptions, as defined in such defined benefit plans. The
         determination of whether the Aggregation Group is a Top-Heavy Group
         shall be made using each plan's results as of that plan's determination
         date which falls within the calendar year. In any Plan Year, in testing
         for top-heaviness under this Article, the controlled group Employer
         may, in its discretion, take into account accumulated accrued benefits
         and account balances in any other plan maintained by it so long as such
         expanded Aggregation Group continues to meet the requirements of Code
         sections 401(a)(4) and 410.

13.4 ADDITIONAL RULES

In determining the present value of the accrued benefits under a defined benefit
plan and the sum of the account balances under a defined contribution plan,
Employer contributions and voluntary Employee contributions shall be taken into
account and any rollover contribution or similar transaction initiated by the
Employee, which results in a transfer to this Plan, shall not be taken into
account. The present value of the accrued benefits in a defined benefit plan and
the account balance in a defined contribution plan shall include any amount
distributed to an Employee or Beneficiary within the five-year period ending on
that plan's determination date.

The present value of any Employee's accrued benefit under any defined benefit
plan as of any determination date shall be calculated--

(a)      as of the most recent Actuarial Valuation Date which is within a
         12-month period ending on the Determination Date;

(b)      as if employment terminated as of such valuation date; and

(c)      without regard to the automatic preretirement survivor annuity benefit
         or any other nonproportional subsidy.

                                       47
<PAGE>

The term "Actuarial Valuation Date" shall mean the valuation date used for
computing plan costs for minimum funding.

13.5 COMBINED LIMIT FOR KEY EMPLOYEES

If the Plan is determined to be top-heavy in any Plan Year, then the combined
limits of Code section 415(e) and section 6.4 of the Plan shall be applied in
accordance with Code section 416(h)(1) by substituting "1.0" for "1.25" in
computing the defined benefit fraction and the defined contribution fraction
under paragraphs (2)(B) and (3)(B) of Code section 415(e). Notwithstanding the
foregoing, the limitation described in this section shall not apply to Plan
Years beginning on or after January 1, 2000.

13.6 MINIMUM CONTRIBUTION

If this Plan is determined to be top-heavy in any Plan Year, then the aggregate
contributions to be made by the Employer on behalf of each non-Key Employee for
the Plan Year (excluding contributions attributable to a Code section 401(k)
salary reduction arrangement) shall not be less than 3 percent of the
Participant's Section 415 Compensation for such year (or such lesser percentage
as represents the maximum percentage of Section 415 Compensation contributed on
behalf of a Key Employee for the Plan Year), as determined under Code section
416(c).

13.7 TOP-HEAVY VESTING

If this Plan is determined to be top-heavy in any Plan Year, the vesting
schedule specified in section 7.1 shall continue to apply.

                                       48
<PAGE>

ARTICLE 14. MISCELLANEOUS PROVISIONS

14.1 EMPLOYMENT RIGHTS

Nothing contained in this Plan or any modification of the Plan or act done in
pursuance hereof shall be construed as giving any person any legal or equitable
right against the Company, Affiliate, or Associated Company, the Trustee or the
Trust Fund, unless specifically provided herein, or as giving any person a right
to be retained in the employ of the Company, Affiliate, or Associated Company.
All Participants shall remain subject to assignment, reassignment, promotion,
transfer, layoff, reduction, suspension and discharge to the same extent as if
this Plan had never been established.

14.2 NO EXAMINATION OR ACCOUNTING

Neither this Plan nor any action taken thereunder shall be construed as giving
any person the right to an accounting or to examine the books or affairs of the
Company, Affiliate, or Associated Company.

14.3 INVESTMENT RISK

The Participants and their Beneficiaries shall assume all risks in connection
with any decrease in the value of any assets or funds which may be invested or
reinvested in the Trust Fund which supports this Plan.

14.4 SEVERABILITY

In the event any provision of this Plan shall be held illegal or invalid for any
reason, such illegality or invalidity shall not affect the remaining parts of
this Plan, and it shall be construed and enforced as if such illegal or invalid
provision had never been inserted herein.

14.5 COUNTERPARTS

This Plan may be executed in any number of counterparts, each of which shall be
deemed to be an original. All the counterparts shall constitute but one and the
same instrument and may be sufficiently evidenced by any one counterpart.

14.6 SERVICE OF LEGAL PROCESS

The Secretary of the Company is hereby designated agent of the Plan for the
purpose of receiving service of summons, subpoena or other legal process.

14.7 HEADINGS OF ARTICLES AND SECTIONS

The headings of sections and subsections are included solely for convenience of
reference. If there is any conflict between such headings and the text of the
Plan, the text shall control.

14.8 APPLICABLE LAW

Except to the extent superseded or preempted by ERISA, the Plan and all rights
hereunder shall be governed, construed and administered in accordance with the
laws of the State of Colorado with the exception that any Trust Agreement which
may constitute a part of the Plan may provide that it will be construed and
enforced in all respects under and by the laws of the state in which the Trustee
thereunder is located.

                               * * * * * * * * * *

                                       49
<PAGE>

IN WITNESS WHEREOF, Cordillera Corporation has caused this restated Plan to be
executed this 7th day of December, 2001, to be effective as indicated in section
1.3.

                                             CORDILLERA CORPORATION

ATTEST:
                                             By  /s/ John E. Jones
                                                 -----------------
                                                 John E. Jones
                                                 Its: Executive Vice President
By   /s/ Lettie S. Flower
     --------------------
     Lettie S. Flower
     Its: Assistant Secretary                             (Corporate Seal)

                                       50
<PAGE>

APPENDIX A. SPECIAL RULES RELATED TO GUARANTEED INVESTMENT CONTRACT OF EXECUTIVE
LIFE INSURANCE COMPANY OF CALIFORNIA

(1)      APPLICABILITY. This appendix supplements the Cordillera and Affiliated
         Companies Money Purchase Pension Plan (the "Plan") and provides the
         special rules applicable to amounts held in the Trust Fund and
         previously invested through Fund A (as defined by the Plan as in
         effect prior to January 1, 2001) in the guaranteed investment contract
         issued by Executive Life Insurance Company of California (the
         "Executive Life GIC"). As explained herein, this appendix is generally
         effective April 1, 1991.

(2)      BACKGROUND. In April, 1991, the California State Insurance Commission
         took court-supervised conservatorship of Executive Life Insurance
         Company. The Benefits Committee, in response to this extraordinary
         event and in the exercise of its duties and responsibilities under the
         Plan, took prompt action to protect the interests of Participants and
         Beneficiaries. By way of documentation and not limitation, these
         actions are reflected in this appendix. Nothing in this appendix shall
         be construed or interpreted to limit or restrict the authority of the
         Benefits Committee to take any further action concerning the Executive
         Life GIC that it deems appropriate in the interest of Participants and
         Beneficiaries.

(3)      ACTION STEPS. In response to the court appointment of the California
         Insurance Commission as conservator of Executive Life Insurance Company
         and to protect the interests of Participants and Beneficiaries, the
         following steps were implemented:

         (a)      All Plan transactions, including valuation of Accounts,
                  through and as of the March 31, 1991 Valuation Date were
                  completed under the terms of the Plan, without regard to
                  events subsequent to that Valuation Date.

         (b)      As of April 1, 1991, the Executive Life GIC is segregated from
                  the other assets of Fund A. No new contributions or investment
                  transfers are allocated to the segregated Executive Life GIC.

         (c)      A proportionate allocation of the Executive Life GIC
                  investment is identified for each Account invested in Fund A
                  as of April 1, 1991.

         (d)      A temporary hold is placed on each such proportionate
                  allocation in the Executive Life GIC. Until the status of the
                  Executive Life GIC under the court-supervised conservatorship
                  is resolved, the proportionate allocation shall not be--

                  (1)      transferable to other Investment Funds pursuant to
                           Article 8;

                                       51
<PAGE>

                  (2)      available for distribution under the Plan, including
                           distributions specified under Plan section 7.3 on
                           account of Separation from Service, Plan section 7.4
                           on account of the Participant's death, or under Plan
                           section 7.5 relating to the minimum distribution
                           rules.

(e)      As of April 1, 1991, the investment return for the nonsegregated assets
         in Fund A does not include investment results related to the Executive
         Life GIC.

(f)      The Plan was amended, effective as of April 1, 1991, to provide that
         distributions on account of Separation from Service or death are valued
         as of the Valuation Date following the Separation from Service or death
         or, if the distribution is deferred, as of a later Valuation Date as
         further described in Plan sections 7.3 and 7.4.

(g)      The temporary hold described above in section 3(d) of this appendix
         shall be lifted as follows. As Executive Life GIC settlement proceeds
         become available to the plan in liquid form following the
         reorganization of Executive Life pursuant to its court-supervised
         conservatorship, the Benefits Committee shall:

         (1)      cause each affected Participant's proportionate share in such
                  proceeds to be determined based on the value of the
                  Participant's interest relative to the value of the interest
                  of all Participants in the Executive Life GIC as of April 1,
                  1991; and

         (2)      provide each affected Participant--

                  (A)      with an election to transfer his or her share of the
                           available settlement proceeds to other Investment
                           Funds in the time and manner prescribed by the
                           Benefits Committee; and

                  (B)      if eligible, the ability to receive such settlement
                           proceeds in the form of a loan or a distribution from
                           the Plan in accordance with applicable Plan
                           provisions.

         The above process shall be repeated as soon as practicable after each
         occasion on which Executive Life GIC settlement proceeds become
         available to the Plan so that no liquid settlement proceeds will remain
         in the segregated Executive Life GIC that continues to be subject to
         the temporary hold described in section 3(d) of Appendix A. If a
         Participant fails to make a valid election pursuant to paragraph (2)(A)
         above, the Participant's share of available settlement proceeds shall
         be transferred to the Cash Reserves Fund (or, effective April 1, 1997,
         the Schwab money market fund). When the last payment of Executive Life
         GIC settlement proceeds has been received and processed as described
         above, Appendix A shall cease to apply.

                                       52<PAGE>
                                                                   EXHIBIT 10.22

                       CORDILLERA AND AFFILIATED COMPANIES
                        401(k) DEFERRED COMPENSATION PLAN

                         RESTATED ADOPTION AGREEMENT FOR
                         OCEANIC EXPLORATION COMPANY AND
                  OCEANIC INTERNATIONAL PROPERTIES CORPORATION

         All capitalized terms used in this Adoption Agreement that are
         not explicitly defined herein shall have the meanings set
         forth in the Cordillera and Affiliated Companies 401(k)
         Deferred Compensation Plan.

WHEREAS, the Cordillera and Affiliated Companies 401(k) Deferred Compensation
Plan (the "Plan") provides that any other Affiliate or Associated Company may,
with the consent of Cordillera Corporation (the "Sponsoring Employer"), adopt
the Plan and participate therein by a properly executed document evidencing said
intent of said Affiliate or Associated Company; and

WHEREAS, Oceanic Exploration Company and Oceanic International Properties
Corporation are Associated Companies that have previously adopted the Plan.

NOW, THEREFORE, BE IT RESOLVED THAT Oceanic Exploration Company, on its own
behalf and on behalf of its subsidiary, Oceanic International Properties
Corporation (the two companies shall collectively be referred to as "Adopting
Employer"), hereby ratifies its prior adoption of the Plan, with such
ratification effective as of January 1, 2001, for the benefit of its Eligible
Employees.

RESOLVED FURTHER THAT Adopting Employer agrees to be bound by such terms and
conditions relating to the Plan as the Sponsoring Employer may reasonably
require.

RESOLVED FURTHER THAT Adopting Employer agrees to comply with all qualification
requirements and employee benefit rules of the Code, ERISA and related
regulations and hereby acknowledges the authority of the Sponsoring Employer to
review Adopting Employer's compliance procedures and to require changes in such
procedures to protect the Plan's qualification.

RESOLVED FURTHER THAT Adopting Employer acknowledges that it has assumed all
obligations and liabilities of an Employer under the Plan, and that it will
cooperate with the Sponsoring Employer and Plan officials by providing such
information and taking such other actions as they deem appropriate for the
efficient administration of the Plan and the Trust Fund.

                                       1
<PAGE>

RESOLVED FURTHER THAT Adopting Employer acknowledges that its status as an
Employer under the Plan is expressly conditioned on its being and continuing to
be an Associated Company of the Sponsoring Employer.

RESOLVED FURTHER THAT this restated adoption agreement shall supercede any prior
adoption agreement executed by Adopting Employer and the Sponsoring Employer.

RESOLVED FURTHER THAT the following provisions shall apply to the Adopting
Employer's Eligible Employees to the extent such provisions differ from those of
the Plan:

1.       Section 2.1:

         (b)      "AFFILIATE" means any business entity which is controlled by
                  or under common control with Oceanic, within the meaning of
                  Code sections 414 and 1563. The determination of control shall
                  be made without reference to paragraphs (a)(4) and (e)(3)(C)
                  of Code section 1563, and solely for the purposes of applying
                  the limitations of Articles 6 and 13, the phrase "more than 50
                  percent" shall be substituted for the phrase "at least 80
                  percent" each place it appears in Code section 1563(a)(1).

                  In addition, to the extent required by Code section 414 and
                  related regulations, Affiliate means--

                  (1)      any member of an affiliated service group (within the
                           meaning of Code section 414(m)) of which Oceanic or
                           any Affiliate is a member; and

                  (2)      any entity which, pursuant to Code section 414(o) and
                           the regulations thereunder, must be aggregated with
                           Oceanic or any other Affiliate for plan qualification
                           purposes.

2.       Section 2.1:

         (g)      "BREAK IN SERVICE" means, solely with respect to Employees of
                  Oceanic and its Affiliates, any year used in measuring Years
                  of Service in which an Employee is not credited with more than
                  500 Hours of Service. However, if an Employee is absent from
                  employment due to pregnancy, birth of the Employee's child,
                  adoption of a child by the Employee, or child care immediately
                  following such birth or adoption, any Hour of Service for
                  which the Employee would have received credit (or if not
                  determinable, eight hours for each day of absence) during such
                  absence, up to a maximum of 501 Hours of Service, shall be
                  credited to the Employee solely to prevent the Employee from
                  incurring a Break in Service. Any such Hours of Service shall
                  be credited for the Plan Year in which the absence begins if
                  necessary to prevent a Break in Service during that Plan Year
                  and, in all other cases, in the immediately following Plan
                  Year.

                                       2
<PAGE>

3.       Section 2.1:

         (k)      "ELIGIBLE EMPLOYEE" means, solely with respect to Employees of
                  Oceanic and its Affiliates, any Employee except--

                  (1)      any Employee who is included in a unit of Employees
                           covered by a collective bargaining agreement, if
                           there is evidence that retirement benefits were the
                           subject of good faith bargaining, unless such
                           agreement provides for participation of those
                           Employees in this Plan;

                  (2)      any Employee who is a nonresident alien and who
                           receives no earned income from Oceanic or any of its
                           Affiliates which constitutes income from sources
                           within the United States;

                  (3)      any Employee who is a leased employee, within the
                           meaning of Code section 414(n)(2); and

                  (4)      effective from April 1, 2000 through December 31,
                           2001, any employee of the Alliance Staffing Division
                           of Oceanic.

4.       Section 2.1:

         (p)      "HOUR OF SERVICE" means, solely with respect to Employees of
                  Oceanic and its Affiliates--

                  (1)      each hour for which the Employee is paid or entitled
                           to payment for the performance of duties.

                  (2)      each hour for which the Employee is paid or entitled
                           to payment on account of a period of time during
                           which no duties are performed (irrespective of
                           whether the employment relationship has terminated)
                           due to vacation, holiday, illness, incapacity
                           (including disability), layoff, jury duty, or leave
                           of absence. No more than 501 Hours of Service shall
                           be credited to an Employee on account of any single
                           continuous period during which the Employee performs
                           no duties.

                  (3)      each hour for which back pay (irrespective of
                           mitigation of damages) is either awarded or agreed
                           to, with no duplication of credit for hours under
                           paragraph (1) or (2) and this paragraph (3).

                  (4)      each hour credited pursuant to applicable ERISA
                           regulations for unpaid periods of absence for service
                           in the United States armed forces or Public Health
                           Service during which the Employee's reemployment
                           rights are guaranteed by law, provided that the
                           Employee is reemployed as an Employee within the time
                           limits prescribed by such law.

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<PAGE>

               For any period that includes any hours for which an Hour of
               Service would otherwise be credited to an Employee above, the
               Benefits Committee may, in accordance with rules applied in a
               uniform and nondiscriminatory manner, elect instead to credit
               Hours of Service using one or more of the following equivalences:

               <Table>
               <Caption>
               BASIS UPON WHICH                           CREDIT GRANTED TO
               RECORDS ARE MAINTAINED                     INDIVIDUAL FOR PERIOD
               ------------------------------------------ ---------------------------

<S>                                                       <C>
               Shift                                      Actual hours for full shift
               Day                                        10 Hours of Service
               Week                                       45 Hours of Service
               Semi-monthly period                        95 Hours of Service
               Month                                      190 Hours of Service
               ------------------------------------------ ---------------------------
</Table>

                  Anything to the contrary in this Section 2.1(p)
                  notwithstanding--

                  (A)      No Hours of Service shall be credited to an Employee
                           for any period merely because, during such period,
                           payments are made or due him under a plan maintained
                           solely for the purpose of complying with applicable
                           workers' compensation, unemployment compensation, or
                           disability insurance laws.

                  (B)      No Hours of Service shall be credited to an Employee
                           with respect to payments solely to reimburse for
                           medical or medically related expenses.

                  (C)      No Hours of Service shall be credited twice.

                  (D)      Hours of Service shall be credited at least as
                           liberally as required by the rules set forth in U.S.
                           Department of Labor Regulation section 2530.200b-2(b)
                           and (c).

                  (E)      In the case of an Employee who is such solely by
                           reason of service as a leased employee within the
                           meaning of section 414(n) or 414(o) of the Code,
                           Hours of Service shall be credited as if such
                           Employee were employed and paid with respect to such
                           service (or with respect to any related absences or
                           entitlements) by Oceanic or any of its Affiliates
                           that is the recipient thereof.

5.       Section 2.1:

         (dd)     "YEAR OF SERVICE" means, solely with respect to Oceanic and
                  its Affiliates, a period of 12 consecutive months during which
                  the Employee completes at least 1,000 Hours of Service, where
                  the first such period is measured from the date on

                                       4
<PAGE>

                  which the Employee first performs an Hour of Service after
                  being hired or after being rehired after a Break in Service,
                  and each subsequent period is the Plan Year, beginning with
                  the Plan Year that commences with or within the first period.

                  Effective April 1, 2000, in no event shall an Employee's
                  employment service with Alliance Staffing Associates, Inc. or
                  Alliance Services Associates, Inc. be considered for
                  determining Years of Service hereunder.

                  Notwithstanding any Plan provision to the contrary, in no
                  event shall an Employee's Years of Service on or after January
                  1, 2002 be less than such Employee's Years of Service credited
                  to him on December 31, 2001 under the Plan as in effect on
                  that date.

                  Furthermore, in the case of an Employee who transfers to
                  Oceanic or one of Oceanic's Affiliates from the Company or one
                  of the Company's Affiliates, the Employee shall be credited,
                  in the Plan Year that includes the date of transfer, with 190
                  Hours of Service for each month prior to the date of transfer
                  that the Employee was required to be credited with at least
                  one Hour of Service under 29 CFR section 2530.200b-2.

6.       Section 2.1:

         (ee)     "OCEANIC" means Oceanic Exploration Company or its successor
                  in interest.

7.       Section 3.1:

         3.1 DATE OF PARTICIPATION

         Every Employee of Oceanic or one of its Affiliates who was an Eligible
         Employee and a Participant on December 31, 2001, and continues to be an
         Eligible Employee shall continue to be a Participant thereafter. On and
         after January 1, 2002, every other Eligible Employee of Oceanic or one
         of its Affiliates shall become a Participant in the Plan on the first
         January 1 or July 1 Plan entry date that coincides with or next follows
         the date he or she has attained age 21, has completed one Year of
         Service, and has become an Eligible Employee.

8.       Section 7.1:

         (a)      VESTING. Solely with respect to Participants who are employed
                  by Oceanic or one of its Affiliates, each Participant's
                  interest in his or her Pretax Deferral Account and Rollover
                  Account shall be fully vested at all times, including the time
                  at which the Participant attains Normal Retirement Age.

                                       5
<PAGE>

                  Solely with respect to Participants who are employed by
                  Oceanic or one of its Affiliates, each Participant shall vest
                  in his or her Matching Account based on the Participant's
                  Years of Service pursuant to the following table:

               <Table>
               <Caption>
               YEARS OF SERVICE             PERCENTAGE VESTED
               ---------------------------- ---------------------

<S>                                         <C>
               Less than 2                        0%
               2                                 20%
               3                                 40%
               4                                 60%
               5                                 80%
               6 or more                        100%
               ---------------------------- ---------------------
</Table>

                  Notwithstanding the above, if a Participant is fully vested in
                  his Matching Account as of December 31, 2001 or at the time he
                  transfers to employment with Oceanic or one of Oceanic's
                  Affiliates from the Company or one of the Company's
                  Affiliates, then he shall remain fully vested in his Matching
                  Account at all times.

         (b)      FORFEITURE AND REINSTATEMENT OF CONTINGENT INTERESTS. Any
                  portion of a Participant's Matching Account that is not vested
                  upon a distribution of the Participant's vested Account
                  balance following Separation from Service shall be forfeited
                  on such date. If the Participant's vested Account is not
                  distributed, the nonvested portion of the Account shall be
                  forfeited when the Participant completes five consecutive
                  Breaks in Service. Any such forfeiture shall be used as soon
                  as possible to reduce Matching Contributions made by Oceanic
                  and its Affiliates.

                  If a Participant is rehired after incurring five consecutive
                  Breaks in Service, previously forfeited amounts shall not be
                  restored to the Participant's Account. If a Participant is
                  rehired before incurring five consecutive Breaks in Service,
                  then any amount previously forfeited shall be restored to the
                  Participant's Account by means of a special contribution by
                  Oceanic or its Affiliates, but only if the Participant repays,
                  without interest, to the Plan the full amount of the
                  distribution received on account of the prior Separation from
                  Service. The repayment must be made within five years after
                  the date the Participant is rehired and will be credited to
                  the Participant's Rollover Account and treated as a fully
                  vested after-tax payment for purposes of any subsequent
                  distributions.

                  If a Participant returns to employment and receives a
                  reinstatement of a previously forfeited balance, as provided
                  above, the Participant's vested amount

                                       6
<PAGE>

                  in his or her Regular Account prior to the Participant's full
                  vesting therein shall be equal to--

                                 P(AB + D) - D,

                  Where P is the vested percentage and AB is the Regular Account
                  balance at the time the vesting is determined, and D is the
                  amount of the prior distribution.

                               * * * * * * * * * *

IN WITNESS WHEREOF, Adopting Employer and the Sponsoring Employer have caused
this restated adoption agreement to be executed by their authorized
representatives.

                                    ADOPTING EMPLOYER

Date  6 December 2001               By   /s/ Charles N. Haas
      ---------------                    ---------------------------------------

                                    Its   President
                                          --------------------------------------

                                    On behalf of Cordillera Corporation, the
                                    Benefits Committee, which is responsible for
                                    the proper administration of the
                                    above-referenced Plan, hereby consents to
                                    the above adoption and states that no
                                    further instrument of adoption is required.

Date   December 7, 2001             By   /s/ John E. Jones
       ----------------                  ---------------------------------------
                                         Member of the Benefits Committee

                                       7

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