DOWNEY FINANCIAL CORP
OTS ORDER TO CEASE AND DESIST WITH THE COMPANY DATED SEPTEMBER 5, 2008
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<TYPE>EX-10.1
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<FILENAME>k0905088kexhibit2.htm
<DESCRIPTION>OTS ORDER TO CEASE AND DESIST WITH THE COMPANY DATED SEPTEMBER 5, 2008
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<TITLE>OTS Order to Cease and Desist with the Company dated September 5, 2008</TITLE>
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<P ALIGN="LEFT"><FONT SIZE=2><U><B><A HREF="k0905088kface.htm#toc">Table of Contents</A></B></U></FONT></P>

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<P ALIGN="Center"><FONT SIZE=3><B>Exhibit 10.1</B></FONT></P>
<P ALIGN="Center"><FONT SIZE=3><B>UNITED STATES OF AMERICA</B></FONT></P>
<P ALIGN="Center"><FONT SIZE=3><B>Before the</B></FONT></P>
<P ALIGN="Center"><FONT SIZE=3><B>OFFICE OF THRIFT SUPERVISION</B></FONT></P>


<P ALIGN="LEFT"><FONT SIZE=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2></FONT></P>

<P ALIGN="LEFT"><FONT SIZE=2>In the Matter of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Order No.:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WE-08-013&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2></FONT></P>

<P ALIGN="LEFT"><FONT SIZE=2><B>DOWNEY FINANCIAL CORP.,</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective Date:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
September 5, 2008&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>Newport Beach, California,</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>OTS Docket No. H-2408&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; )</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)</FONT></P>

<P ALIGN="Center"><FONT SIZE=3><B><U>ORDER TO CEASE AND DESIST</U></B></FONT></P>

<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, Downey Financial Corp., Newport Beach, California, OTS Docket</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>No. H-2408 (Holding Company), by and through its Board of Directors (Board) has executed a Stipulation and Consent to Issuance of
Order to Cease and Desist (Stipulation); and</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, the Holding Company, by executing the Stipulation, has consented and agreed to the issuance of this Order to Cease and
Desist (Order) by the Office of Thrift Supervision (OTS) pursuant to 12 U.S.C. &#167; 1818(b); and</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, pursuant to delegated authority, the OTS Regional Director for the West Region (Regional Director), is authorized to issue
Orders to Cease and Desist where a savings association holding company has consented to the issuance of an order.</FONT></P>

<P ALIGN="LEFT"><FONT SIZE=2><B>NOW, THEREFORE, IT IS ORDERED that:</B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Dividends</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective immediately, the Holding Company shall neither accept nor request that Downey Savings and Loan Association, F.A.,
Newport Beach, California (OTS Docket No. 06189), a wholly owned savings association subsidiary (Association), make or pay any
dividends or other capital distributions, as that term is defined in 12 C.F.R. &#167; 563.134, or commit to make or pay dividends or any
other capital distributions, without receiving the prior written approval of the Regional Director. The Holding Company&#146;s written
request for such approval shall be submitted to the Regional Director at least forty-five (45) days prior to the anticipated date of
the proposed dividend payment or distribution of capital.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Management Changes</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective immediately, the Holding Company shall comply with the prior notification requirements for changes in directors and Senior
Executive Officers set forth in 12 C.F.R. Part 563, Subpart H, 12 C.F.R. &#167;&#167; 563.550 through 563.590.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Employment Contracts and Compensation Arrangements</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective immediately, the Holding Company shall not enter into, renew, extend, or revise any contractual arrangement relating to
compensation or benefits for any Senior Executive Officer or director of the Holding Company, unless it first provides the OTS with
not less than thirty (30) days prior written notice of the proposed transaction. The notice to the OTS shall include a copy of the
proposed employment contract or compensation arrangement, or a detailed, written description of the compensation arrangement to be
offered to such officer or director, including all benefits and perquisites. The Board shall ensure that any contract, agreement, or
arrangement submitted to the OTS fully complies with the requirements of 12 C.F.R. Part 359, 12 C.F.R. &#167;&#167; 563.39 and 563.161(b), and
12 C.F.R. Part 570 - Appendix A.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Severance and Indemnification Payments</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective immediately, the Holding Company shall not make any golden parachute payment or prohibited indemnification payment unless,
with respect to each such payment, the Holding Company has complied with the requirements of 12 C.F.R. Part 359 and, as to
indemnification payments, 12 C.F.R. &#167; 545.121.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Debt Limitations</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective immediately, the Holding Company shall not incur, issue, renew or rollover any debt, increase any current lines of credit,
or guarantee the debt of any entity, without at least thirty (30) days prior written notice to and receipt of written non-objection
from the OTS. In the event no written objection is raised by the Regional Director during the thirty (30) day notice period, the
Holding Company may proceed with the transaction.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Association Order to Cease and Desist</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board shall ensure that the Association complies with all of the terms of its Order to Cease and Desist entered into with the
OTS, dated September 5, 2008.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Effective Date, Incorporation of Stipulation</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Order is effective on the Effective Date as shown on the first page. The Stipulation is made a part hereof and is incorporated
herein by this reference.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Duration</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>8. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Order shall remain in effect until terminated, modified or suspended, by written notice of such action by the OTS, acting by and
through its authorized representatives.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Time Calculations</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>9. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calculation of time limitations for compliance with the terms of this Order run from the Effective Date of this Order and shall be
based on calendar days, unless otherwise noted.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>10. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Regional Director may extend any of the deadlines set forth in the provisions of this Order upon written request by the Holding
Company that includes reasons in support of any such extension. Any OTS extension shall be made in writing.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2><B><U>Submissions and Notices</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>11. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All submissions, including progress reports, to the OTS that are required by or contemplated by this Order shall be submitted within
the specified timeframes.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>12. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as otherwise provided herein, all submissions, requests, communications, consents or other documents relating to this Order
shall be in writing and sent by first class U.S mail (or by reputable overnight carrier, electronic facsimile transmission or hand
delivery by messenger) addressed as follows:</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Darrel Dochow, Regional Director</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;West Region</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Office of Thrift Supervision</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2001 Junipero Serra Blvd.</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daly City, CA 94014-3897</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timothy J. Lane, Assistant Director</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;West Region</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Office of Thrift Supervision</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1551 N. Tustin Ave., Suite 1050</FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Santa Ana, CA 92705</FONT></P>

<P ALIGN="LEFT"><FONT SIZE=2><B><U>No Violations Authorized</U></B></FONT></P>
<P ALIGN="LEFT"><FONT SIZE=2>13. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing in this Order or the Stipulation shall be construed as allowing the Holding Company, its Board, officers or employees to
violate any law, rule, regulation</FONT></P>

<P ALIGN="LEFT"><FONT SIZE=2> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IT IS SO ORDERED.</B></FONT></P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH="95%">
<TR>
<TD WIDTH="40%" VALIGN="TOP"><P ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT></P></TD>
<TD WIDTH="60%" VALIGN="TOP"><P ALIGN="LEFT"><FONT SIZE=2><B>OFFICE OF THRIFT SUPERVISION</B></FONT></P></TD>
</TR>
<TR>
<TD WIDTH="40%" VALIGN="TOP"><P ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT></P></TD>
<TD WIDTH="60%" VALIGN="TOP"><P ALIGN="LEFT"><FONT SIZE=2>By: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/  DARREL W. DOCHOW&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>DARREL W. DOCHOW<BR>Regional Director, West Region</FONT></P></TD>
</TR>
<TR>
<TD WIDTH="40%" VALIGN="TOP"><P ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT></P></TD>
<TD WIDTH="60%" VALIGN="TOP"><P ALIGN="LEFT"><FONT SIZE=2>Date: See Effective Date on page 1</FONT></P></TD>
</TR>
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