0000003453-08-000025 Sample Contracts

EXHIBIT A ALEXANDER & BALDWIN, INC. EXECUTIVE TIME-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Executive Time-Based Restricted Stock Unit Award Agreement • May 2nd, 2008 • Alexander & Baldwin Inc • Water transportation • Hawaii
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EXHIBIT A ALEXANDER & BALDWIN, INC. EXECUTIVE STOCK OPTION AGREEMENT
Executive Stock Option Agreement • May 2nd, 2008 • Alexander & Baldwin Inc • Water transportation • Hawaii
ALEXANDER & BALDWIN, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • May 2nd, 2008 • Alexander & Baldwin Inc • Water transportation • Hawaii
EXHIBIT A ALEXANDER & BALDWIN, INC. EXECUTIVE PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT
Executive Performance-Based Restricted Stock Unit Award Agreement • May 2nd, 2008 • Alexander & Baldwin Inc • Water transportation • Hawaii
SECOND AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • May 2nd, 2008 • Alexander & Baldwin Inc • Water transportation • New York

THIS SECOND AMENDMENT TO CREDIT AGREEMENT dated as of March 7, 2008 (this "Agreement"), is entered into among MATSON NAVIGATION COMPANY, INC. (the "Borrower"), the Lenders party to the Credit Agreement (as defined below) and FIRST HAWAIIAN BANK, as Agent (in such capacity, the "Agent"). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement.

FIRST AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • May 2nd, 2008 • Alexander & Baldwin Inc • Water transportation • New York

THIS FIRST AMENDMENT TO CREDIT AGREEMENT dated as of March 7, 2008 (this "Agreement"), is entered into among ALEXANDER & BALDWIN, INC. (the "Borrower"), the Lenders party to the Credit Agreement (as defined below) and FIRST HAWAIIAN BANK, as Agent (in such capacity, the "Agent"). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement.

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