Exhibit 10.5

Amended and Restated September 21, 2006

RETIREMENT BENEFIT AGREEMENT

THIS AGREEMENT dated this 19th day of April, 2002, as amended and restated on
September 21, 2006, between Burlington Northern Santa Fe Corporation
(hereinafter referred to as the “Company”) and Mr. Matthew K. Rose (hereinafter
referred to as “Mr. Rose”).

W I T N E S S E T H

WHEREAS, in consideration of Mr. Rose’s service, the Company desires to provide
Mr. Rose with benefits upon retirement to be calculated in the manner and
provided under the conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the
Company and Mr. Rose agree as follows:

1. Upon retiring pursuant to the Normal Retirement or Early Retirement
provisions of the Burlington Northern Santa Fe Retirement Plan (hereinafter
referred to as the “Plan”), Mr. Rose will be entitled to the following
retirement benefits:

 

  (a) A Normal Retirement Benefit, Vested Rights, or reduced Early Retirement
Benefit, calculated in accordance with Plan provisions in effect on the date of
his termination, and payable out of Plan assets in accordance with the Plan
terms and, if entitled thereto by the provisions of the Burlington Northern
Santa Fe Supplemental Retirement Plan (the “Supplemental Plan”), an additional
benefit payable out of the general assets of the Company; and

 

  (b) An extra retirement benefit (hereinafter referred to as the “Retirement
Supplement”) payable in the same form and on the same dates and for the same
period during which benefits are paid under the Supplemental Plan out of the
general assets of the Company equal to the amount described in subparagraph
(i) below minus the amount described in subparagraph (ii) below, calculated as
follows:

 

  (i) 2.2% of Plan Compensation for each of the first 14 years of Benefit
Service, plus

2.5% of Plan Compensation for each of the next 3 years of Benefit Service, plus

3.0% of Plan Compensation for each of the next 3 years of Benefit Service, plus

3.5% of Plan Compensation for each of the next 4 years of Benefit Service,

--------------------------------------------------------------------------------

subject to a maximum benefit equal to 61.3% of Plan Compensation, which will be
achieved after 24 years of Benefit Service.

For purposes of computing the benefit described above:

Plan Compensation shall mean Plan Compensation as defined in Section 2.16 of the
Plan, except that “36” shall be substituted for “60” wherever such figure
appears;

Plan Compensation shall be based on Compensation as defined in Section 2.08 of
the Plan, provided, however, that the compensation limitations of
Section 401(a)(17) of the Internal Revenue Code shall not be taken into account
and further provided that Plan Compensation shall include any participant
contributions under a non-qualified deferred compensation arrangement,
compensation foregone in exchange for a Company stock award as set forth in
Schedule A to the Supplemental Plan or any other such compensatory arrangement
as may be established by the company as set forth in Schedule A to the
Supplemental Plan; and

Benefit Service shall mean Benefit Service as defined in Section 4.02 of the
Plan.

The benefit described above shall be calculated in accordance with Plan
provisions in effect on the date of Mr. Rose’s retirement with regard to Forms
of Retirement Benefits and Early Retirement Reduction. For purposes of the Early
Retirement Reduction, Mr. Rose shall be treated as if he would have completed 30
years of Benefit Service on his 62nd birthday.

minus

 

  (ii) The sum of Mr. Rose’s Normal Retirement Benefit, or reduced Early
Retirement Benefit, as calculated in Section 1(a) of this Agreement plus the
Railroad Retirement Benefit Amount. The Railroad Retirement Benefit Amount is
the unreduced monthly Railroad Retirement benefit for which Mr. Rose is
eligible, assuming he applied for and did not voluntarily disqualify himself
from receiving such benefit on the earliest date on which he could receive such
benefit, provided, however, that if Mr. Rose retires at a time when he is not
eligible for unreduced Railroad Retirement benefits the Railroad Retirement
Benefit Amount shall be adjusted in the same manner as the Retirement Supplement
described in Section 1(b)(i) above.

 

  (c)

The Retirement Supplement to be provided to Mr. Rose pursuant to Section 1(b)
will be forfeited if Mr. Rose voluntarily terminates his employment with the
Company

 

2

--------------------------------------------------------------------------------

 

without the Company’s consent prior to the completion of five years of
continuous employment after the date of this Agreement or if Mr. Rose is
terminated by the Company for Cause (defined below), but shall not be forfeited
if Mr. Rose voluntarily terminates his employment with the Company after the
completion of five years of continuous employment after the date of this
Agreement or if Mr. Rose’s employment with the Company terminates by reason of
his death or disability or termination by the Company without Cause. For
purposes of this Section 1(c), “Cause” shall mean (i) the willful and continued
failure by Mr. Rose to substantially perform his duties with the Company (other
than any such failure resulting from his incapacity due to physical or mental
illness), or (ii) the willful engaging by Mr. Rose in conduct which is
demonstrably and materially injurious to the Company, monetarily or otherwise.
For purposes of this definition, no act, or failure to act, shall be deemed
“willful” unless done, or omitted to be done, by Mr. Rose not in good faith and
without reasonable belief that his action or omission was in the best interest
of the Company.

2. Nothing contained herein shall confer any right upon Mr. Rose for continued
employment by the Company, or any affiliate or subsidiary of the Company.

3. If the requirements of all of the following paragraphs (a) through (c) are
satisfied:

 

  (a) a Change in Control occurs while Mr. Rose is employed by the Company;

 

  (b) after the Change in Control, Mr. Rose’s employment with the Company
terminates for any reason prior to his attainment of age 55; and

 

  (c) such termination of employment occurs not later than the twenty-four
(24) month anniversary of the last day of the calendar month in which the Change
in Control occurs or, if later, the twelve (12) month anniversary of the
consummation of the Change in Control;

then (I) Mr. Rose shall be vested in his Retirement Supplement and the
forfeiture provisions of paragraph 1(c) above shall not apply; and (II) for
purposes of computing the amount described in Section 1(b)(i) above, Mr. Rose’s
Benefit Service shall be determined by adding to the Benefit Service as defined
in Section 4.02 of the Plan the lesser of 36 months or the number of months
remaining until Mr. Rose’s 55th birthday. For purposes of this Agreement, the
term “Change in Control” shall have the meaning ascribed to it in BNSF’s trust
agreement relating to BNSF’s obligations under certain deferred compensation,
retirement commitments, and supplemental retirement plans.

 

3

--------------------------------------------------------------------------------

4. The Company retains the right to withhold from payments due hereunder amounts
deemed by the Company to be required to be withheld under income or other tax
laws of any jurisdiction.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.

 

BURLINGTON NORTHERN SANTA FE CORPORATION

By:

  /s/ Jeanne Michalski

 

[Corporate Seal]

ATTEST:

/s/ Jeffrey T. Williams Assistant Secretary

 

/s/ Matthew K. Rose MATTHEW K. ROSE

 

4