Document:

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                                                                   EXHIBIT 10.37
                                   GUARANTY

     This GUARANTY (the "Guaranty") is made on March 26, 1999, by K.V. MART Co.,
a California corporation ("Guarantor"), whose address is 1245 E. Watson Center
Road, Carson, California 90745-4207, Attn.: President, in favor of Grocers
Capital Company, a California corporation ("GCC"), whose address is 5200 Sheila
Street, Commerce, California 90040, Attn.: Secretary.

     1.   Recitals. This Guaranty is made with respect to the following facts
          --------
and circumstances:

     (a)  GCC, Guarantor and Khaledi Family Partnership, a California general
partnership ("Khaledi"), and Parviz Vazin and Vida Vazin (collectively, "Vazin")
(Khaledi and Vazin being referred to herein, collectively, as the "Borrower")
have entered into a Stock Purchase Agreement (the "Agreement"), dated the date
hereof, pursuant to which GCC is selling certain shares of the capital stock of
the Company to the Borrower in consideration for, among other things, the
execution and delivery by the Borrower to GCC of a Promissory Note (the "Note")
in the principal amount of $3,600,000. The Agreement and the Note are
collectively referred to in this Guaranty as the "Loan Documents."

     (b)  GCC would not sell said capital stock to the Borrower nor enter into
the Loan Documents with the Borrower unless the Guarantor agreed to guarantee
the obligations of the Borrower thereunder as provided in this Guaranty, and the
Guarantor, as a material inducement and consideration to GCC to sell said
capital stock to the Borrower and to enter into the Loan Documents is willing to
execute and deliver this Guaranty and to agree to and be bound by its terms.

     2.   Guaranty.
          --------

     2.1  Guaranty of Obligations. The Guarantor unconditionally, absolutely and
          -----------------------
irrevocably guarantees to GCC and to its successors and assigns the full and
prompt payment when due (whether by acceleration or otherwise) of all
indebtedness of the Borrower to GCC under the Loan Documents, and the full,
prompt and complete performance when due of all obligations of the Borrower to
GCC under the Loan Documents.

     2.2  Guaranty of Payment. The liability of the Guarantor on this Guaranty
          -------------------
is a guaranty of payment and performance and not of collectability, and is not
conditional or contingent on the genuineness, validity, regularity or
enforceability of any of the

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Loan Documents or the pursuit by GCC of any remedies that it now has or may
hereafter have with respect thereto.

     2.3  Continuing Guaranty. This Guaranty is a continuing guaranty of the
          -------------------
indebtedness and obligations of the Borrower under the Loan Documents, including
any and all such indebtedness and obligations which are renewed, extended,
compromised, refinanced or restructured from time to time.

     2.4  Independent Obligations. The Guarantor agrees that it is directly and
          -----------------------
primarily liable to GCC, that the Guarantor's obligations hereunder are
independent of the indebtedness and the obligations of the Borrower under the
Loan Documents, and that a separate action or actions may be brought and
prosecuted against the Guarantor, whether or not action is brought against the
Borrower or whether or not the Borrower is joined in any such action or actions.
The Guarantor agrees that any releases which may be given by GCC to the Borrower
or any other guarantor or endorser shall not release the Guarantor from this
Guaranty.

     3.   Consents by Guarantor.
          ---------------------

     3.1  Consents. The Guarantor hereby authorizes GCC, without notice or
          --------
demand and without affecting the Guarantor's liability hereunder, from time to
time to:

          3.1.1  Changes in Terms. Renew, compromise, extend, refinance, accept
                 ----------------
     partial payments, accelerate or restructure the indebtedness and
     obligations of the Borrower under the Loan Documents or otherwise change
     the time for payment or the terms of an: such indebtedness or obligations,
     or any part thereof, including, without limitation, increasing or
     decreasing the amount thereof (whether through the extension of new credit
     or otherwise) or increasing or decreasing the rate of interest thereon

          3.1.2  Amendment of Documents. Waives, amend, rescind, modify or
                 ----------------------
     otherwise change any of the terms or provisions of the Loan Documents.

          3.1.3  Liquidation of Guaranteed Obligations. Settle, release,
                 -------------------------------------
     compromise, collect or otherwise liquidate any of the indebtedness or
     obligations of the Borrower under the Loan Documents, or any part thereof,
     and any security or collateral therefor in any manner as GCC may determine
     in its sole and absolute discretion.

          3.1.4  Collateral. Take and hold collateral to secure the payment and
                 ----------
     performance of the indebtedness and obligations of the Borrower under the
     Loan Documents and exchange, enforce, waive and release any such
     collateral, and apply such collateral and direct the order or manner of
     sale thereof as GCC in its sole and absolute discretion may determine.

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          3.1.5  Releases. Release or substitute any one or more endorsers or
                 --------
     other guarantors.

          3.1.6  Assignment. Assign, without notice, this Guaranty in whole or
                 ----------
     in part and GCC's rights hereunder to anyone at any time.

     3.2  Non-Release of Guarantor. The Guarantor agrees that GCC may do any or
          ------------------------
all of the matters specified in Section 3.1 in such manner, upon such terms, and
at such times, as GCC, in its sole and absolute discretion, deems advisable,
without, in any way or respect, impairing, affecting, reducing or releasing the
Guarantor from its undertakings hereunder and the Guarantor hereby consents to
each and all of the matters specified in Section 3.1.

     4.   Waivers.
          -------

     4.1  Defenses. The Guarantor hereby waives any right to assert against GCC
          --------
as a defense, counterclaim, setoff or cross-claim, any defense (legal or
equitable), counterclaim, setoff or cross-claim which the Guarantor may now or
at any time hereafter have under applicable law, rule, arrangement or
relationship against the Borrower, GCC or any other party. The Guarantor waives
all defenses, counterclaims and setoffs of any kind or nature arising, directly
or indirectly, from the present or future lack of Loan Documents or any security
interest thereunder.

     4.2  Presentment, Demand and Notice. The Guarantor waives all presentments,
          ------------------------------
demands for performance, notices of nonperformance, protests, notices of
protests, notices of dishonor, notices of default, notice of acceptance of this
Guaranty, diligence and notices of the existence, creation or incurrence of the
indebtedness and obligations of the Borrower under the Loan Documents or of new
or additional indebtedness or obligations of the Borrower incurred or created
after the date of this Guaranty, and all other demands, notices or formalities
of whatsoever kind to which the Guarantor may be entitled under applicable law.

     4.3  Remedies Against Borrower. As a condition to payment or performance by
          -------------------------
the Guarantor under this Guaranty, GCC shall not be required to, and the
Guarantor hereby waives any and all rights to require GCC to, prosecute or seek
to enforce any remedies against the Borrower or any other party liable to GCC on
account of the indebtedness and obligations of the Borrower under the Loan
Documents or to require GCC to seek to enforce or resort to any remedies with
respect to any security interests, liens or encumbrances granted to GCC by the
Borrower or any other party on account of the indebtedness and obligations of
the Borrower under the Loan Documents.

     4.4  Subrogation Rights. Until all the terms, covenants and conditions of
          ------------------
the Loan Documents on the Borrower's part to be performed and observed are fully
performed and observed, the Guarantor shall have no right of subrogation,

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reimbursement, exoneration, indemnity or contribution against the Borrower by
reason of any payments or acts of performance by the Guarantor in compliance
with the obligations of the Guarantor under this Guaranty; provided that,
notwithstanding the foregoing, the Guarantor shall have no right of subrogation,
reimbursement, exoneration, indemnity, contribution or any other rights that
would result in the Guarantor being deemed a creditor of the Borrower under the
Federal Bankruptcy Code, and the Guarantor irrevocably waives all such rights
and the right to assert any such rights.

     5.   Waiver of Suretyship Defenses; Antideficiency Legislation. The
          ---------------------------------------------------------
Guarantor agrees that nothing contained in this Guaranty shall prevent GCC from
suing on the Note or from exercising any rights available to it under the Note
or under any of the other Loan Documents, and that the exercise of any of these
rights shall not constitute a legal or equitable discharge of the Guarantor. The
Guarantor understands that the exercise by GCC of certain rights and remedies
contained in the Loan Documents may affect or eliminate the Guarantor's right of
subrogation against the Borrower and that the Guarantor may therefore succeed to
a partially or totally non-reimbursable liability hereunder. Nevertheless, the
Guarantor hereby authorizes and empowers the GCC to exercise, in its sole and
absolute discretion, any rights and remedies, or any combination of rights and
remedies, that may then be available, since it is the intent and purpose of the
Guarantor that the obligations hereunder shall be absolute, independent and
unconditional under any and all circumstances. Without limiting the generality
of the foregoing, the Guarantor expressly waives any and all benefits under
California Civil Code (S)(S) 2809, 2810, 2819, 2845, 2849, 2850 and 2855.

     6.   Subordination. Any and all indebtedness of the Borrower now or
          -------------
hereafter held by the Guarantor shall be subordinated and junior in right of
payment to the indebtedness and obligations of the Borrower to GCC under the
Loan Documents, and all such indebtedness of the Borrower to the Guarantor shall
be collected, and enforced and received by the Guarantor as trustee for GCC and
immediately paid over to GCC on account of the indebtedness and obligations of
the Borrower under the Loan Documents.

     7.   Bankruptcy.
          ----------

     7.1  Liability of Guarantor Unaffected. The liability of the Guarantor
          ---------------------------------
under this Guaranty shall in no way be affected by: the release or discharge of
the Borrower in any creditor proceeding, receive ship, bankruptcy or other
proceeding; the impairment, limitation or modification of the liability of the
Borrower or the estate of the Borrower, or any remedy for the enforcement of the
Borrower's liability, resulting from he operation of any present or future
provision of the Federal Bankruptcy Code or any bankruptcy, insolvency, debtor
relief statute (state or federal), or any other statute, or from the decision of
any court, the rejection or disaffirmance of the indebtedness or obligations of
the Borrower under the Loan Documents, or any portion

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thereof, in any such proceeding; or the cessation; from any cause whatsoever,
whether consensual or by operation of law, of the liability of the Borrower to
GCC.

     7.2  Claims and Bankruptcy. The Guarantor will file all claims against the
          ---------------------
Borrower in any bankruptcy or other proceeding in which the filing of claims is
required by law on any indebtedness of the Borrower to the Guarantor, and will
assign to GCC all rights of the Guarantor on any such indebtedness. If the
Guarantor does not file any such claim, GCC, as attorney-in-fact for the
Guarantor, is authorized to do so in the name of the Guarantor, or, in GCC's
sole and absolute discretion, to assign the claim and to file a proof of claim
in the name of GCC's nominee. In all such cases, whether in bankruptcy or
otherwise , the person or persons authorized to pay such claim shall pay to GCC
the full amount of any such claim, and, to the full extent necessary for that
purpose, the Guarantor assigns to GCC all of the Guarantor's rights to any such
payments or distributions to which the Guarantor would otherwise be entitled.

     8.   Financial Condition of Borrower. The Guarantor is presently informed
          -------------------------------
of the financial condition of the Borrower and of all other circumstances which
a diligent inquiry would reveal and which bear upon the risk of nonpayment of
the indebtedness and obligations of the Borrower under the Loan Documents. The
Guarantor hereby covenants that it will keep itself informed of the Borrower's
financial condition and of all other circumstances which bear upon the risk of
nor payment. The Guarantor waives any duty on the part of GCC to disclose to the
Guarantor any facts it may now or hereafter know about the Borrower, regardless
of whether GCC has reason to believe that any such facts materially increase the
risk beyond that which the Guarantor intends to assume, or has reason to believe
that such facts are unknown to the Guarantor, or has a reasonable opportunity to
communicate such facts to the Guarantor, it being understood and agreed that the
Guarantor is fully responsible for being and keeping informed of the financial
condition of the Borrower and of all circumstances bearing on the risk of
nonpayment of the indebtedness and obligations of the Borrower under the Loan
Documents.

     9.   Termination of Guaranty. The Guarantor's obligations under this
          -----------------------
Guaranty shall continue in full force and effect and this Guaranty shall not
terminate until the indebtedness and obligations of the Borrower under the Loan
Documents are fully paid, performed and discharged and GCC gives the Guarantor
written notice of that fact. The indebtedness and obligations of the Borrower
under the Loan Documents shall not be considered fully paid, performed and
discharged unless and until all payments by the Borrower to GCC are no longer
subject to any right on the part of any person, including, without limitation,
the Borrower, the Borrower as debtor-in-possession, or any trustee or receiver
in bankruptcy, to set aside such payments or seek to recoup the amount of such
payments, or any part thereof. The for going shall include, without limitation,
all rights to r cover preferences voidable under

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the federal Bankruptcy Code. In the event that any such payments by the Borrower
to GCC are set aside after the making thereof, in whole or in part, or settled
without litigation, to the extent of any such settlement, all of which is within
GCC's sole and absolute discretion, the Guarantor shall be liable for the full
amount GCC is required to repay plus costs, interest, attorneys' fees and any
and all expenses which GCC paid or incurred in connection therewith. The
Guarantor shall continue to be liable under the terms of this Guaranty
notwithstanding the transfer by the Borrower of all or any portion of the
property encumbered by the Loan Documents.

     10.   Other Provisions.
           ----------------

     10.1  Expenses. The Guarantor agrees to pay all attorneys' fees and all
           --------
other costs and expenses which may be incurred by GCC in the enforcement or
collection of this Guaranty and the indebtedness and obligation of the Borrower
under the Loan Documents, whether or not suit is filed.

     10.2  Interest. All amounts required to be paid to GCC by the Guarantor
           --------
pursuant to the provisions of this Guaranty (including, without limitation,
pursuant to Section 2 and 10.1 hereof) shall bear interest from the date upon
which such amounts are due to the date of payment thereof at the highest rate
permitted by law. All payments of such amounts by the Guarantor shall include
any such accrued interest.

     10.3  Governing Law. The validity, construction and performance of this
           -------------
Guarantee shall be governed by the laws, without regard to the laws as to choice
or conflict of laws, of the State of California.

     10.4  Entire Agreement. This Guaranty embodies the entire agreement and
           ----------------
understanding between GCC and the Guarantor pertaining to the subject matter of
this Guaranty, and supersedes all prior agreements, understandings,
negotiations, representations and discussions, whether verbal or written, of
such parties, pertaining to that subject matter.

     10.5  Assignment; Binding Effect. Neither this Guaranty nor any rights or
           --------------------------
obligations under his Guaranty may be assigned by the Guarantor without the nor
written consent of GCC. Subject to the foregoing, the provisions of this
Guaranty shall bind and inure to the benefit of GCC and the Guarantor and their
respective heirs, executors, personal representatives, successors and assigns.

     10.6  Notices. Whenever GCC or the Guarantor desire or are required to give
           -------
any notice, demand or request with respect to this Guaranty, each such
communication shall be in writing and shall be given by personal service or
mailed by Certified Mail, postage prepaid, return receipt requested, addressed
as set forth in the first paragraph of this Guaranty. Such communications sent
shall be effectively given when they are received by the addressee thereof, but
if sent by Certified Mail, they shall be

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effectively given three (3) days after being deposited in the United States
Mail. GCC and the Guarantor may change their respective address for such
communications by giving notice to the other in conformity with this Section.

     10.7  Amendment and Waiver. This Guaranty may not be amended, modified or
           --------------------
supplemented except by a writing duly executed by the respective duly authorized
officers of Guarantor and GCC. No provision of this Guaranty or right of GCC
under this Guaranty can be waived except by a writing duly executed by a duly
authorized officer of GCC. No waiver by GCC of a breach of any provision of this
Guaranty shall be construed as a waiver of an subsequent or different breach,
and no forbearance by GCC to seek a remedy for noncompliance or breach by the
Guarantor shall be construed as a waiver of any right or remedy with respect to
such noncompliance or breach.

     10.8  Time. Time is of the essence with respect to each provision of this
           ----
Guaranty.

     10.9  Severability. The invalidity or unenforceability of any particular
           ------------
provision of this Guaranty shall not affect the other provisions, and this
Guaranty shall be construed in all respects as if any invalid or unenforceable
provision were omitted.

     10.10 Further Action. The Guarantor agrees to perform any further acts and
           --------------
to execute and deliver any other documents which may be necessary in the opinion
of GCC to effect the provisions of this Guarantor.

     10.11 Headings. The section and other headings contained in this Guaranty
           --------
are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Guaranty.

     IN WITNESS WHEREOF, the Guarantor, intending to be bound, has executed this
Guaranty as of the year and date first above written.

                                        Guarantor:

                                        K.V. MART CO., a California corporation

                                        By ____________________________________
                                                Darioush Khaledi,
                                                Chairman and CEO

                                        By ____________________________________
                                                Ty Hitt,

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                                                Senior Vice President and CFO

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                                                                   EXHIBIT 10.46

================================================================================

                                TRUST AGREEMENT

                                      FOR

                         UNIFIED WESTERN GROCERS, INC.

                         Effective as of April 1, 2000

================================================================================
<PAGE>

                              TRUST AGREEMENT FOR

                         UNIFIED WESTERN GROCERS, INC.

           THIS TRUST AGREEMENT ("Trust Agreement") is made and entered into as
of April 1, 2000, between Unified Western Grocers, Inc., a California
corporation (the "Company"), and Robert M. Ling, Jr., Richard J. Martin and
David A. Woodward (the "Trustees"), to evidence the trust (the "Trust") to be
established for the benefit of the Company in order to facilitate the exchange
of the Company's outstanding Class A Shares and Class B Shares (the "Shares").

                                  ARTICLE 1.
                        Name, Intentions, Revocability,
                        -------------------------------
                            Deposit and Definitions
                            -----------------------

     1.1   Name. The name of the Trust created by this Trust Agreement shall be:
           ----

                                   TRUST FOR
                         UNIFIED WESTERN GROCERS, INC.
                            SHARE EXCHANGE PROGRAM

     1.2   Intentions. The Company wishes to establish the Trust and to
           ----------
facilitate the exchange of the Company's Shares.

     1.3   Revocability. The Trust hereby established shall be revocable by the
           ------------
Company at any time.

     1.4   Assignment of Right to Purchase Shares. The Company hereby assigns to
           --------------------------------------
the Trustees the right of the Company to repurchase the Shares, as provided for
in the Articles of Incorporation and the Bylaws of the Company, to be
administered by the Trustees as provided in this Trust Agreement.

     1.5   Additional Definitions. In addition to the definitions set forth
           ----------------------
above, for purposes hereof, unless otherwise clearly apparent from the context,
the following capitalized terms shall have the following indicated meanings:

           "Beneficiary" shall mean the Company.

           "Board" shall mean the Board of Directors of the Company.

           "Buying Member" shall mean any individual or entity that desires to,
and is eligible to, purchase Shares from the Company.

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           "Code" shall mean the Internal Revenue Code of 1986, as amended from
time to time.

           "IRS" shall mean the Internal Revenue Service.

           "Member" shall mean any member-patron of the Company as that term is
defined in the Bylaws of the Company.

           "Selling Member" shall mean any Member that is eligible to have its
Shares repurchased by the Company.

           "Trust Fund" shall mean the assets held by the Trustees pursuant to
the terms of this Trust Agreement.

     1.6   Grantor Trust. The Trust is intended to be a "grantor trust," of
           -------------
which the Company is the grantor, within the meaning of subpart E, part I,
subchapter J, chapter 1, subtitle A of the Code and the Trust shall be construed
accordingly.

                                  ARTICLE 2.
                            General Administration
                            ----------------------

     2.1   Administration. The Company may at any time direct the Trustees as to
           --------------
the administration of the Trust. The Trustees may conclusively rely upon
directions from the Company in taking any action with respect to this Trust
Agreement, including the purchase and sale of Shares. The Trustees shall have no
liability for actions taken, or for failure to act, on the direction of the
Company. The Trustees shall have no liability for failure to acting the absence
for proper written directions. In the absence of direction from the Company as
to the administration of the Trust, the Trustees shall have the exclusive power
with respect to the administration of the Trust, subject to the terms of this
Trust Agreement.

     2.2   Non-Adverse Parties. The Trustees shall be non-adverse parties within
           -------------------
the definition of Section 672(b) of the Code.

     2.3   Contributions. The Company shall not contribute any assets other than
           -------------
the right of the Company to purchase Shares and $100, which amount shall not be
used by the Trustees to purchase Shares and shall at all times remain in the
Trust (the "Corpus").

                                  ARTICLE 3.
                         Powers and Duties of Trustees
                         -----------------------------

     3.1   Transfer of Shares. The purpose of the Trust shall be to facilitate
           ------------------
the transfer of Shares by Members in circumstances where the Member is obligated
or

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required to sell Shares in accordance with the Bylaws of the Company to Members
or new Members who are authorized to buy Shares in accordance with the Bylaws of
the Company, during periods when the Company is legally unable to buy shares or
otherwise elects to cause or permit outstanding Shares to be transferred between
members. Funds used to purchase Shares from Selling Members shall be exclusively
sourced from funds provided by Buying Members.

     3.2   Sale of Shares. The Trustees shall cause Shares received from members
           --------------
to be sold to such persons or entities that are determined by the Trustees to be
eligible to be a Member based on the criteria contained in the Bylaws of the
Company, on the terms and conditions applicable to the issuance of Shares by the
Company specified in the Articles of Incorporation and the Bylaws of the
Company. The Trust may hold or sell accounts receivable or notes related to the
sale of Shares. The proceeds of such sales shall be held in Trust for the
purchase of shares from members.

     3.3   Purchase of Shares.
           ------------------

           (a)  Purchase of Class A Shares. At such times when the assets of the
                --------------------------
Trust Fund attributable to the sale of Class A Shares, other than the Corpus,
are sufficient to purchase all of the Class A Shares of a Selling Member, then
the Trustees shall purchase such Class A Shares from the Selling Member on the
terms and conditions applicable to the repurchase of Shares by the Company
specified in the Articles of Incorporation and the Bylaws of the Company. The
Trustees shall purchase the Class A Shares of the Selling Members in the order
in which their status as a Member of the Company terminated.

           (b)  Purchase of Class B Shares. At such times when the assets of the
                --------------------------
Trust Fund attributable to the sale of Class B Shares are sufficient to purchase
Class B Shares of a Selling Member, then the Trustees shall purchase such Class
B Shares on the terms and conditions applicable to the repurchase of Class B
Shares by the Company specified in the Articles of Incorporation and the Bylaws
of the Company.

           (c)  Authority to Issue Notes. The Trustees shall have the authority,
                ------------------------
but not the obligation, to issue non-recourse notes payable out of the assets of
the Trust other than the Corpus, or specified portions thereof, in order to
facilitate the purchase of Shares from time to time.

     3.4   Articles and Bylaws. Any purchase or sale of Shares pursuant to this
           -------------------
Agreement must be in accordance with the pricing, terms and conditions that are
applicable to the Company, as stated in the Articles of Incorporation and Bylaws
of the Company.

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     3.5   Investment Directions. The Trustees may deposit all or any part of
           ---------------------
the assets of the Trust Fund in savings accounts or certificates of deposit or
other deposits which bear a reasonable interest rate. The Trustees shall make no
other investment except for the purchase of Shares and as provided in this
Section 3.4.

     3.6   Management of Assets. The Trustees shall have, without exclusion, all
           --------------------
powers conferred on the Trustees by applicable law, unless expressly provided
otherwise herein, and all rights associated with assets of the Trust shall be
exercised by the Trustees or the person designated by the Trustees. The Trustees
shall have full power and authority to invest and reinvest the Trust Fund in any
investment permitted by this Trust Agreement, exercising the judgment and care
that persons of prudence, discretion and intelligence would exercise under the
circumstances then prevailing, considering the probable income and safety of
their capital, including, without limiting the generality of the foregoing, the
power:

           (a) To hold, manage and control all property forming part of the
Trust Fund and to sell, convey, transfer, exchange and otherwise dispose of the
same in accordance with this Trust Agreement;

           (b) To have, respecting securities, all the rights, powers and
privileges of an owner, including the power to give proxies, pay assessments and
other sums deemed by the Trustees to be necessary for the protection of the
Trust Fund, to vote any corporate stock either in person or by proxy, with or
without power of substitution, for any purpose;

           (c) Notwithstanding Section 3.5, to hold in cash, without liability
for interest, such portion of the Trust Fund which, in its discretion, shall be
reasonable under the circumstances, pending investment or payment of expenses;

           (d) To employ such agents including custodians and counsel as may be
reasonably necessary and to pay them reasonable compensation; to settle,
compromise or abandon all claims and demands in favor of or against the Trust
assets;

           (e) To cause title to property of the Trust to be issued, held or
registered in the individual name of the Trustees, or in the name of its
nominee(s) or agents, or in such form that title will pass by delivery;

           (f) To exercise all of the further rights, powers, options and
privileges granted, provided for, or vested in trustees generally under the laws
of the State of California, so that the powers conferred upon the Trustees
herein shall not be in limitation of any authority conferred by law, but shall
be in addition thereto;

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<PAGE>

           (g) To institute, compromise and defend actions and proceedings; to
pay or contest any claim; to settle a claim by or against the Trustees by
compromise, arbitration, or otherwise; to release, in whole or in part, any
claim belonging to the Trust to the extent that the claim is uncollectible;

           (h) To do all other acts necessary or desirable for the proper
administration of the Trust Fund, as if the Trustees were the absolute owner
thereof. However, nothing in this section shall be construed to mean the
Trustees assumes any responsibility for the performance of any investment made
by the Trustees in its capacity as trustee under the operations of this Trust
Agreement.

           Notwithstanding any powers granted to the Trustees pursuant to this
Trust Agreement or to applicable law, the Trustees shall not have any power that
could give this Trust the objective of carrying on a business and dividing the
gains therefrom, within the meaning of section 301.7701-2 of the Procedure and
Administrative Regulations promulgated pursuant to the Code.

     3.7   Distributions.
           -------------

           (a) Any income earned on amounts invested pursuant to Section 3.5
shall be distributed to the Company immediately upon receipt by the Trustees of
a request by the Company that the income be so distributed.

           (b) Notwithstanding anything contained in this Trust Agreement to the
contrary, if at any time the Trust is finally determined by the IRS not to be a
"grantor trust" with the result that the income of the Trust Fund is not treated
as income of the Company pursuant to Sections 671 through 679 of the Code or if
a tax is finally determined by the IRS to be payable by the Beneficiary with
respect to any interest in the Trust Fund prior to payment of such interest to
the Beneficiary, the Trustees shall immediately distribute an amount equal to
the amount determined to be taxable (the taxable income, not the tax liability)
to the Beneficiary.

     3.8   Costs of Administration. The Trustees are authorized to incur
           -----------------------
reasonable obligations in connection with the administration of the Trust,
including attorneys' fees. Such obligations shall be paid by the Company. The
Trustees are authorized to pay such amounts from the Trust Fund, but not from
the Corpus, if the Company fails to pay them within 60 days of presentation of a
statement of the amounts due.

     3.9   Trustees Compensation and Expenses. The Trustees shall not be
           ----------------------------------
entitled to compensation for their services as Trustees. The Trustees shall be
entitled to reimbursement for expenses incurred by the Trustees in the
performance of their duties as the Trustees, including reasonable fees for legal
counsel. Such expenses

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<PAGE>

shall be paid by the Company. The Trustees are authorized to withdraw such
amounts from the Trust Fund, but not from the Corpus, if the Company fails to
pay them within 60 days of presentation of a statement of the amounts due.

     3.10  Professional Advice. The Company specifically acknowledges that the
           -------------------
Trustees may find it desirable or expedient to retain legal counsel (who may
also be legal counsel for the Company generally) or other professional advisors
to advise them in connection with the exercise of any duty under this Trust
Agreement. The Trustees shall be fully protected in acting upon the advice of
such legal counsel or other competent professional advisors.

     3.11  Payment on Court Order. To the extent permitted by law, the Trustees
           ----------------------
are authorized to make any payments directed by court order in any action in
which the Trustees have been named as a party. The Trustees may in their
discretion defend any action in which the Trustees are named, and any expenses
incurred by the Trustees shall be paid by the Company. The Trustees are
authorized to pay such amounts from the Trust Fund, but not from the Corpus, if
the Company fails to pay them within sixty (60) days of presentation of a
statement of the amounts due.

     3.12  Protective Provisions. Notwithstanding any other provision contained
           ---------------------
in this Trust Agreement to the contrary, the Trustees shall have no obligation
to advance any funds to the Trust.

     3.13  Indemnification.
           ---------------

           (a) The Company shall indemnify and hold the Trustees harmless from
and against all loss or liability (including expenses and reasonable attorneys'
fees) to which they may be subject by reason of its execution of their duties
under this Trust, or by reason of any acts taken or omitted in good faith in
accordance with any directions, or acts taken or omitted in good faith in the
absence of directions, from the Company, unless such loss or liability is due to
the Trustees' gross negligence or willful misconduct. The indemnity described
herein shall be provided by the Company.

           (b) In the event that any of the Trustees is named as a defendant in
a lawsuit or proceeding involving the Trust Fund, the such Trustee shall be
entitled to receive on a current basis the indemnity payments provided for in
this Section, provided however that if the final judgement entered in the
lawsuit or proceeding holds that such Trustee is guilty of gross negligence or
willful misconduct with respect to the Trust Fund, such Trustee shall be
required to refund the indemnity payments that it has received.

                                      -6-
<PAGE>

           (c) All releases and indemnities provided in this Trust Agreement
shall survive the termination of this Trust Agreement.

                                  ARTICLE 4.
                              Trustees's Accounts
                              -------------------

     4.1   Records. The Trustees shall maintain accurate records and detailed
           -------
accounts of all investments, receipts, disbursements and other transactions
hereunder. Such records shall be available at all reasonable times for
inspection by the Company or its authorized representative.

     4.2   Delegation of Duties. The Company may at any time employ the Trustees
           --------------------
as their agent to perform any act, keep any records or accounts and make any
computations that are required of the Company by this Trust Agreement. The
Trustees may be compensated for such employment and such employment shall not be
deemed to be contrary to the Trust. Nothing done by the Trustees as such agent
shall change or increase its responsibility or liability as Trustees hereunder.

                                  ARTICLE 5.
                      Resignation or Removal of Trustees
                      ----------------------------------

     5.1   Resignation; Removal. The Trustees may resign at any time by written
           --------------------
notice to the Company, which shall be effective 60 days after receipt of such
notice unless the Company and the Trustees agree otherwise. The Trustees may be
removed by the Company on 60 days notice or upon shorter notice accepted by the
Trustees.

     5.2   Successor Trustees. If any Trustee resigns or is removed, the
           ------------------
remaining Trustees shall continue to serve as the Trustees. In the event all of
the Trustees resign or are removed, a successor or successors shall be appointed
by the Company, in accordance with this Section, by the effective date of the
resignation or removal under Section 6.1 above. The successor shall be an
employee of the Company.

     5.3   Settlement of Accounts. Upon resignation or removal of any Trustee,
           ----------------------
all assets in such Trustee's name shall subsequently be transferred to the
successor Trustees. The transfer shall be completed within 90 days after receipt
of notice of resignation or removal, unless the Company extends the time limit.
Upon the transfer of the assets, the successor Trustees shall succeed to all of
the powers and duties given to the Trustees in this Trust Agreement.

                                      -7-
<PAGE>

                                  ARTICLE 6.
                   Controversies, Legal Actions and Counsel
                   ----------------------------------------

     6.1   Controversy. If any controversy arises with respect to the Trust, the
           -----------
Trustees shall take action as they deems advisable, whether by legal
proceedings, compromise or otherwise. The Trustees may retain the funds or
property involved without liability pending settlement of the controversy. The
Trustees shall be under no obligation to take any legal action of whatever
nature unless there shall be sufficient property in the Trust to indemnify the
Trustees with respect to any expenses or losses to which it may be subjected.

     6.2   Joinder of Parties. In any action or other judicial proceedings
           ------------------
affecting the Trust, it shall be necessary to join as parties the Trustees and
the Company. Any judgment entered in such a proceeding or action shall be
binding on all persons claiming under the Trust.

                                  ARTICLE 7.
                           Amendment and Termination
                           -------------------------

     7.1   Amendment. Subject to the limitations set forth in this Section 7.1,
           ---------
this Trust Agreement may be amended by a written instrument executed by the
Trustees and the Company. This Trust Agreement shall not be amended, altered,
changed or modified in a manner that would cause the Trust to cease being a
"grantor trust" as provided in Section 1.6.

     7.2   Final Termination. The Trust shall terminate upon notification from
           -----------------
the Company to the Trustees that the Trust is terminated. Upon termination of
the Trust, any assets remaining in the Trust shall be returned to the Company
whereupon the Trustees shall be released and discharged from all obligations
hereunder. From and after the date of termination and until final distribution
of the Trust Fund, the Trustees shall continue to have all of the powers
provided herein as are necessary or expedient for the orderly liquidation and
distribution of the Trust Fund.

                                  ARTICLE 8.
                                 Miscellaneous
                                 -------------

     8.1   Taxes. The Company shall from time to time pay taxes of any and all
           -----
kinds whatsoever that at any time are lawfully levied or assessed upon or become
payable in respect of the Trust Fund, the income or any property forming a part
thereof, or any security transaction pertaining thereto. To the extent that any
taxes lawfully levied or assessed upon the Trust Fund are not paid by the
Company, the Trustees shall have the power to pay such taxes out of the Trust
Fund and shall seek reimbursement from the Company. Prior to making any payment,
the Trustees may

                                      -8-
<PAGE>

require such releases or other documents from any lawful taxing authority as it
shall deem necessary. The Trustees shall contest the validity of taxes in any
manner deemed appropriate by the Company or its counsel, but at the Company's
expense, and only if it has received an indemnity bond or other security
satisfactory to it to pay any such expenses. The Trustees shall have no
obligation to prepare or file any tax return on behalf of the Trust Fund, any
such return being the sole responsibility of the Company.

     8.2   Third Persons. All persons dealing with the Trustees are released
           -------------
from inquiring into the decisions or authority of the Trustees and from seeing
to the application of any monies, securities or other property paid or delivered
to the Trustees.

     8.3   Applicable Law. This Trust Agreement shall be governed by and
           --------------
construed in accordance with the internal laws of the State of California
(excluding principles of conflicts of law). Any provision of this Trust
Agreement prohibited by law shall be ineffective to the extent of any such
prohibition, without invalidating the remaining provisions hereof.

     8.4   Notices and Directions. Actions by the Company shall be by the Board
           ----------------------
or a duly authorized officer, with such actions certified to the Trustees by an
appropriately certified copy of the action taken. The Trustees shall be
protected in acting upon any such notice, resolution, order, certificate or
other communication believed by it to be genuine and to have been signed by the
proper party or parties.

     8.5   Successors and Assigns. This Trust Agreement shall be binding upon
           ----------------------
and inure to the benefit of the Company and the Trustees and their respective
successors and assigns.

     8.6   Gender and Number. Words used in the masculine shall apply to the
           -----------------
feminine where applicable, and when the context requires, the plural shall be
read as the singular and the singular as the plural.

     8.7   Headings. Headings in this Trust Agreement are inserted for
           --------
convenience of reference only and any conflict between such headings and the
text shall be resolved in favor of the text.

     8.8   Counterparts. This Trust Agreement may be executed in one or more
           ------------
counterparts, each of which shall be deemed to be an original but all of which
shall constitute one and the same instrument.

                                      -9-

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