0000003453-12-000072 Sample Contracts

ALEXANDER & BALDWIN HOLDINGS, INC.
Restricted Stock Unit Award Assumption Agreement • June 7th, 2012 • Alexander & Baldwin Inc • Water transportation

WHEREAS, Participant holds a 2012 fiscal year performance-based restricted stock unit award (the “2012 PBRSU Award”) covering shares of the common stock of Alexander & Baldwin, Inc., a Hawaii corporation (“A&B”), which was made to Participant under the 2007 Alexander & Baldwin, Inc. Incentive Compensation Plan, as amended and restated and assumed by Holdings (the “Plan”).

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