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These excerpts taken from the HBI 8-K filed Sep 5, 2006. 5.3 Applicable Law The Agreement and all rights hereunder shall be governed by the internal laws of the State of North Carolina without regard to its conflict of laws provisions, except to the extent preempted by the laws of the United States of America. 5.4 Applicable Law Except to the extent superseded by the laws of the United States, the Plan and all rights and duties thereunder shall be governed, construed and administered in accordance with the laws of the State of North Carolina. | EXCERPTS ON THIS PAGE:
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