Exhibit 10.7
AMENDMENT NUMBER ONE
TO THE
MASTER TRUST AGREEMENT
THIS AMENDMENT NUMBER ONE to the Master Trust Agreement ("AMENDMENT") is
made and entered into as of this 30th day of August, 2004 (the "EFFECTIVE
DATE"), by and between ▇▇▇▇▇▇ International, Inc. (the "COMPANY") and Legacy
Trust Company, Inc. (the "TRUSTEE").
WITNESSETH:
WHEREAS, the Company and the Trustee previously entered into that certain
Master Trust Agreement for ▇▇▇▇▇▇ International, Inc. Supplemental Executive
Retirement Plan(s), dated as of January 13, 2003, a copy of which is attached
hereto and incorporated herein as EXHIBIT A (the "TRUST AGREEMENT"); and
WHEREAS, pursuant to SECTION 9.1 of the Trust Agreement, the Company and
Trustee desire to amend the Trust Agreement upon the terms and subject to the
conditions set forth in this Amendment;
NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:
AMENDMENT
1. The following language is hereby inserted at the end of the definition
of "Change in Control" in SECTION 1.5(c) of the Trust Agreement after the phrase
"the Company is a member" in subsection (v):
"; provided, however, in no event shall the consummation of the plan of
reorganization of the Company and the transactions contemplated thereby as
approved by the Bankruptcy Court for the Southern District of Indiana with
respect to that certain
voluntary petition for bankruptcy under Chapter 11 of Title 11 of the U.S.
Code (11 USC Section 101, ET. SEQ.) in the U.S. Bankruptcy Court for the
Southern District of Indiana on March 29, 2004 constitute a 'Change in
Control' under this Master Trust Agreement."
2. This Amendment may be executed in two (2) counterparts, each of which
shall be deemed an original, but both of which shall constitute one and the same
instrument. The validity, meaning, and effect of this Amendment shall be
determined in accordance with the laws of the State of Indiana applicable to
contracts made and to be performed in that State.
3. This Amendment amends the Trust Agreement to the extent provided
herein only and all other provisions thereof shall remain in full force and
effect.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
Effective Date.
"TRUSTEE" "COMPANY"
LEGACY TRUST COMPANY, INC. ▇▇▇▇▇▇ INTERNATIONAL, INC.
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
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By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Printed: ▇▇▇▇ ▇. ▇▇▇▇▇▇ -------------------------------
-------------------- ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, President
Title: EVP
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[Exhibit A - Supplemental Executive Retirement Plan has been omitted from
the Agreement as filed with the Securities and Exchange Commission (the "SEC").
The omitted information is considered immaterial from an investor's perspective.
The Registrant will furnish supplementally a copy of any of the omitted exhibit
to the SEC upon request from the SEC.]
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