2012 Performance-Based Restricted Stock Unit Award Agreement Sample Contracts

MATSON, INC. ANTI-DILUTION ADJUSTMENT AMENDMENT TO
2012 Performance-Based Restricted Stock Unit Award Agreement • October 26th, 2012 • Matson, Inc. • Water transportation

AMENDMENT AGREEMENT made and entered as of the close of market on the 29th day of June 2012 by and between Matson, Inc., a Hawaii corporation (the “Corporation”), and , an individual in the employ of the Corporation who is currently the holder (the “Participant”) of a 2012 fiscal year performance-based restricted stock unit award (the “2012 PBRSU Award”) under the 2007 Alexander & Baldwin, Inc. Incentive Compensation Plan (as amended and restated) that has been assumed by the Corporation (the “Plan”).

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