Ronald D. Weeldreyer and Suzanne Weeldreyer - Page 5

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                  employee and disallowed as Corporation expense shall be                               
                  repaid by the officer or employee to the Corporation                                  
                  within Twenty-four (24) months of the final                                           
                  determination by the Internal Revenue Service with                                    
                  interest at Three (3%) below the New York Prime Rate on                               
                  the date of final determination.                                                      
                  A similar repayment obligation was set forth in a resolution                          
            adopted by the board of directors of Dreyer Farms at the                                    
            directors’ first meeting held on May 18, 1995.  At that meeting,                            
            the directors also adopted the following resolution:                                        
                        RESOLVED that the corporation [sic] officers and                                
                  employees shall be required to live at the worksite of                                
                  the corporation to ensure security for the corporation                                
                  property and operations.  The officers and employees                                  
                  shall be required to live on the worksite to supervise                                
                  the care and feeding of the livestock of the                                          
                  corporation.  The corporation shall supply said                                       
                  officers and employees all of their food and lodging                                  
                  while living at said worksite.  That all officers and                                 
                  employees shall be considered on duty when at the                                     
                  worksite and therefore entitled to such benefits.                                     
                  In addition, at their first meeting, the directors adopted a                          
            medical reimbursement plan covering all “employees and officers                             
            executing management responsibilities” and their spouses and                                
            dependents.  The medical reimbursement plan provides for the                                
            payment of all medical expenses “deductible on Form 1040”,                                  
            including expenses for drugs, doctor, hospital, and eyeglasses,                             
            to the extent not compensated by insurance or otherwise.  Under                             
            the plan, each participant is entitled to a maximum reimbursement                           
            of $15,000 per year.                                                                        
                  Dreyer Farms also paid the premiums on a health insurance                             
            policy covering the Weeldreyers and their children.  The health                             





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