Document:

Amendment #2 to Registration Rights and Standstill Agreement

 EXHIBIT 10.2 
  
 EXECUTION COPY 
  
 AMENDMENT NO. 2 dated as of March 17, 2004 (this “Amendment”), to the Put/Call, Registration Rights and Standstill Agreement dated as of
January 1, 1998, as amended by Amendment No. 1 thereto dated as of December 31, 1998 (the “Agreement”), among Marathon Oil Company, an Ohio corporation (“Marathon”), Marathon Oil Corporation, a Delaware corporation
(as successor to USX Corporation) (“MRO”), Ashland Inc., a Kentucky corporation (“Ashland”), and Marathon Ashland Petroleum LLC (the “Company”). 
  
 WHEREAS Marathon, MRO, Ashland and the Company are parties to the Agreement
(terms used in this Amendment and not defined herein shall have the meanings given such terms in the Agreement); 
  
 WHEREAS Marathon and Ashland are entering into Amendment No. 1 dated as of the date of this Amendment (the “MAP LLC Agreement Amendment”)
to the Amended and Restated Limited Liability Company Agreement dated as of December 31, 1998 of the Company, which facilitates the expansion of the Company’s Detroit refinery (the “Detroit Refinery” as previously reviewed by
the Board of Managers; 
  
 WHEREAS the expansion and clean fuels
modification of the Detroit Refinery, upon completion, is intended to increase the Detroit refinery’s crude oil throughput refining capacity to 100,000 barrels per calendar day, enable it to produce low sulfur gasoline and ultra-low sulfur
diesel fuel, increase the crude oil pipeline capacity into the Detroit Refinery and expand the truck loading rack to accommodate increased refinery output (the “Project”); 
  
 WHEREAS Marathon and Ashland wish to minimize any adverse impact that the
Project might have on the value of Ashland’s Membership Interest in the event that Marathon exercises the Marathon Call Right; and 
  
 WHEREAS, as a result of the Project, Marathon, MRO, Ashland and the Company wish to amend the Agreement to reflect changes to the Marathon Call Price set
forth therein. 

 NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
  
 Section 1. Amendments. (a) Section 1.01 of the Agreement is amended to insert the following definitions after the definition of “Designated
Sublease Agreements” and prior to the definition of “Disclosing Party”: 
  
 “‘Detroit Adjustment’ means the product of (x) Ashland’s Percentage Interest and (y) the amount, if any, by which the
Detroit Refinery Working Capital exceeds the Detroit Refinery Value; provided, however, that such amount shall not be less than zero. 
  
 “‘Detroit Refinery Value’ means the difference of (x) the Appraised Value of the Company determined by including the value
of the Detroit refinery less the Appraised Value of the Company determined by excluding the value of the Detroit Refinery minus (y) the outstanding amount of principal and accrued and unpaid interest on the Loan (as defined in the MAP LLC Agreement
Amendment). 
  
 “‘Detroit Refinery
Working Capital’ means the working capital related to the Detroit Refinery (excluding working capital additions related to the Project), calculated in accordance with the Company’s present methodologies for estimating pro forma working
capital on a fair market value basis.” 
  
 (b) Section
3.02(a) of the Agreement is amended to read in its entirety as follows: 
  
 “(a) Amount. The Marathon Call Price shall be an amount equal to (i) the product of (x) 115% of the Appraised Value of the Company multiplied by (y) Ashland’s Percentage Interest, minus (ii) the Price
Reduction and plus (iii) 115% of the Detroit Adjustment.” 
  
 Section 2. Parties in Interest. This Amendment shall inure to the benefit of, and be binding 
  

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 upon, the parties hereto and their respective successors, legal representatives and permitted assigns. 
  
 Section 3. Counterparts. This Amendment may be executed in
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 Section 4. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
DELAWARE, WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF. ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM OR PROCEEDING RELATED TO OR ARISING OUT OF THIS AMENDMENT, OR ANY TRANSACTION OR CONDUCT IN CONNECTION HEREWITH, IS
WAIVED. 
  
 Section 5. No Third-Party
Beneficiaries. This Amendment is not intended to confer upon any person other than the parties hereto any rights or remedies. 
  
 Section 6. Interpretation. The headings contained in this Amendment are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Amendment. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”. 
  
 Section 7. Severability. If any term or other provision of this
Amendment is invalid, illegal or incapable of being enforced by any rule or Law, or public policy, all other conditions and provisions of this Amendment shall nevertheless remain in full force and effect so long as the economic or legal substance of
the transactions and amendments contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall
negotiate in good faith to modify this Amendment so as to effect the original intent of the parties as closely as possible to the end that the transactions and amendments contemplated hereby are fulfilled to the extent possible. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and
year first written above. 
  

			
	MARATHON OIL COMPANY,
		
	By	 	/s/ C. P. Cazalot, Jr.
	 	 	

	Name:	 	C. P. Cazalot, Jr.
	Title:	 	President

  
  
  

			
	ASHLAND INC.,
		
	By	 	/s/ J. Marvin Quinn
	 	 	

	Name:	 	J. Marvin Quinn
	Title:	 	 Senior Vice President,
 Chief Financial
Officer

  
  
  

			
	MARATHON OIL CORPORATION,
		
	By	 	/s/ C. P. Cazalot, Jr.
	 	 	

	Name:	 	C. P. Cazalot, Jr.
	Title:	 	President

  
  
  

			
	MARATHON ASHLAND PETROLEUM LLC,
		
	By	 	/s/ G. L. Peiffer
	 	 	

	Name:	 	G. L. Peiffer
	Title:	 	Senior Vice President

  

 4Restricted Stock Unit Award Agreement for David L. Boehnen, as amended

 Exhibit 10.25 
  
 SUPERVALU INC. 
 1993 STOCK PLAN 
  
 RESTRICTED STOCK UNIT AWARD
AGREEMENT 
 (Amended and Restated as of December 1, 2003) 
  
 This Restricted Stock Unit Award Agreement (this “Agreement”), dated as of June 28, 2000, as amended and restated
as of December 1, 2003, is entered into between SUPERVALU INC., a Delaware corporation (the “Company”), and David L. Boehnen, a key employee of the Company (the “Participant”). 
  
 The Company, pursuant to its 1993 Stock Plan (the “Plan”), desires
to carry out the purpose of the Plan by awarding to the Participant Restricted Stock Units, representing the right to receive shares of Common Stock, par value $1.00 per share, of the Company (“Common Stock”), subject to the terms and
conditions contained in this Agreement and in the Plan. Terms used in this Agreement, which are defined in the Plan, shall have the respective meanings ascribed to such terms in the Plan, unless otherwise defined herein. 
  
 Accordingly, in consideration of the premises and the agreements contained
herein, the parties hereto hereby agree as follows: 
  
 1.
Grant of Restricted Stock Units 
  
 The Company, effective
as of the date of this Agreement, hereby grants to the Participant Thirty Thousand (30,000) Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, subject to
the terms and conditions contained herein (the “Restricted Stock Units”). 
  
 2. Rights of the Participant with Respect to Restricted Stock Units 
  
 The rights of the Participant with respect to the Restricted Stock Units shall remain forfeitable at all times prior to the date on which such rights
become vested in accordance with Section 3 hereof. The Participant shall not be entitled to any rights of a stockholder of the Company’s Common Stock solely by reason of this award of Restricted Stock Units. Neither the Participant nor the
Participant’s legal representatives shall have any of the rights and privileges of a stockholder of the Company with respect to shares of Common Stock issuable in payment of the Restricted Stock Units unless and until certificates for such
shares shall have been issued pursuant to Section 4 hereof. 
  
 3.
Vesting; Forfeiture 
  
 (a) Subject to the terms and
conditions of this Agreement, the Restricted Stock Units shall vest in installments on the dates and in the amounts shown below if the Participant remains continuously employed by the Company or a subsidiary of the Company until such date.

  

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	 Date

	  	 Percentage of
 Restricted Stock Units Vested

	 
	 June 28, 2004
	  	66 2/3	%
	 June 28, 2005
	  	83 1/3	%
	 June 28, 2006
	  	100 	%

  
 (b) Notwithstanding
the vesting provisions contained in Section 3(a) above, but subject to the other terms and conditions contained herein, upon the date of the consummation of a “Change of Control” as defined in the Change of Control Severance Agreement,
dated February 12, 1999, or any successor agreement thereto, between the Company and the Participant (the “Severance Agreement”), prior to any termination of the Participant’s employment with the Company or a subsidiary of the
Company, all of the Restricted Stock Units granted to the Participant pursuant to this Agreement shall vest immediately. 
  
 (c) Upon the Participant’s termination of employment with the Company or a subsidiary of the Company, any Restricted Stock Units that have not vested
pursuant to the vesting provisions set forth in either Section 3(a) or 3(b) above shall be forfeited and all associated rights shall lapse without value. 
  
 (d) Subject to the terms and conditions of this Agreement, if the Participant dies before reaching age sixty-two (62), the Participant’s legal
representatives, beneficiaries or heirs, as the case may be, shall be entitled to the Restricted Stock Units that have vested pursuant to Section 3(a) or 3(b) above prior to the date of such death, but any Restricted Stock Units that have not so
vested by such date shall be forfeited and all associated rights shall lapse without value. 
  
 4. Payment of Restricted Stock Units; Issuance of Shares 
  
 (a) If all or a portion of the Restricted Stock Units vest pursuant to Section 3(a) above, the Company shall make payment to the Participant by issuing
one share of the Company’s Common Stock for each Restricted Stock Unit that has vested pursuant to Section 3(a) above on the later of the following dates (the “Payment Date”): 
  
 (i) the date the Participant reaches age 62; or 

 
 (ii) the first anniversary of the date of the
Participant’s termination of employment with the Company or a subsidiary of the Company or the 30th day following the date of the Participant’s death, if earlier. 
  
 Promptly following the Payment Date, the Company shall cause to be issued one or more stock certificates, registered in the name of the
Participant, evidencing the shares issued in payment of the Restricted Stock Units. 
  

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 (b) If the Restricted Stock Units vest pursuant to Section 3(b) above, the Company shall make payment to
the Participant by issuing one share of the Company’s Common Stock for each Restricted Stock Unit granted to the Participant pursuant to this Agreement as of the date of the consummation of a “Change of Control” as defined in the
Severance Agreement (the “Change of Control Payment Date”). Promptly following the Change of Control Payment Date, the Company shall cause to be issued one or more stock certificates, registered in the name of the Participant, evidencing
the shares issued in payment of the Restricted Stock Units. 
  
 (c) If the Participant should die before reaching age sixty-two (62) and Restricted Stock Units shall have vested as of the date of such death as provided in Section 3(d) above, then, notwithstanding the payment provisions of Section 4(a)
above, the Company promptly shall cause to be issued one or more stock certificates, registered in the name of the Participant’s legal representatives, beneficiaries or heirs, as the case may be, evidencing the shares issued in payment of the
vested Restricted Stock Units. 
  
 (d) For purposes of this
Agreement, the date of the Participant’s termination of employment shall be the date on which the Participant actually or effectively ceases to be an employee of the Company or a subsidiary of the Company, in accordance with the Company’s
personnel policies. The Participant shall not be deemed to have terminated employment as a result of short-term illness, vacation or other authorized leave of absence, provided the Participant continues to be an employee and returns to his duties as
an employee following the completion of such illness, vacation or other absence. 
  
 (e) The Participant shall also not be deemed to have terminated employment as a result of a disability, which renders the Participant incapable of returning to work. In the event of such a disability, the Restricted
Stock Units shall continue to vest as and when provided in Section 3 and shall be paid as and when provided in Sections 4(a)-(c) above as if the Participant had remained employed by the Company. For purposes of this Section 4(e),
“disability” is defined as eligibility for long-term disability payments under the applicable Long-Term Disability Plan of the Company. 
  
 5. Adjustments 
  
 In the event of any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase or exchange of shares of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase shares of Common Stock or other securities of the Company, or other similar
corporate transaction or event, the Committee may, as it determines to be appropriate, adjust the number and/or type of shares subject to the Restricted Stock Units. 
  
 6. Covenant Not to Compete and Protection of Confidential Information 
  
 (a) The Participant stipulates and represents that the following facts are
true: the Participant is an Executive Vice President of the Company and led one of the Company’s primary business units; the Participant participates as a member of the Company’s senior executive staff; by virtue of his position on that
senior executive staff, the Participant has had access to highly sensitive and confidential information regarding, without limitation, the 
  

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 Company’s margins on products in all areas of its business, financial data and strategic plans for all areas of the
Company’s business. The Participant acknowledges that this information was gained by virtue of his employment at the Company, is confidential and secret information from which the Company draws economic value, actual or potential, from its not
being generally known to persons outside the Company, is information which the Company has taken reasonable measures to preserve its confidentiality, and could not easily be duplicated by others, and is information which the Company required
considerable time and effort to develop. The Participant further acknowledges that the misuse, misappropriation or disclosure of this information could cause irreparable harm to the Company, both during and after the term of the Participant’s
employment. 
  
 (b) The Participant agrees that he will not,
within the Continental United States, directly or indirectly, own, manage, operate, join, control, be employed by or participate in ownership, management, operation or control of, provide consulting services to, or be connected in any manner with
any business that competes with the Company or any of its food retailing or food wholesaling affiliates; provided, however, that this subparagraph (b) shall not apply after a “Change of Control” as defined in the Severance
Agreement. The Participant shall retain the right to seek the written approval of the Company’s Chief Executive Officer to waive the requirements of this Paragraph 6(b) with respect to any particular activity in which the Participant seeks to
engage, which approval shall be granted or denied based upon the Company’s reasonable desire to protect its business interest, but in its sole discretion. 
  

(c) The Participant agrees that during his employment and at all times thereafter the Participant will hold in a fiduciary capacity for the benefit of
the Company and will not divulge or disclose, directly or indirectly, to any other person, firm or business, all confidential or proprietary information, knowledge and data (including, but not limited to, processes, programs, trade “know
how,” ideas, details of contracts, marketing plans, strategies, business development techniques, business acquisition plans, personnel plans, pricing practices and business methods and practices) relating in any way to the business of the
Company, its affiliates, customers, suppliers, joint ventures, licensors, licensees, distributors or other persons and entities with whom the Company does business (“Confidential Data”), except upon the Company’s written consent or as
required by the Participant’s duties with the Company, for so long as such Confidential Data remains confidential and all such Confidential Data, together with all copies thereof and notes and other references thereto, shall remain the sole
property of the Company. 
  
 (d) The Participant agrees that the
Participant will not either directly, or in concert with others, recruit, solicit or induce, or attempt to induce, any employee or employees of the Company or any of its subsidiaries to terminate their employment with the Company and/or become
associated with another employer. The Participant further agrees that the Participant will not either directly, or in concert with others, solicit, divert or take away or attempt to divert or take away, the business or patronage of any of the
customers or accounts which were contacted, solicited or served by the Company while the Participant was employed with the Company. 
  
 (e) The Participant agrees not to make disparaging statements about the Company, its officers, directors, agents, employees, products or services which
are false or misleading. 
  

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 (f) The Participant agrees that except as otherwise provided in Section 6(b) above, the foregoing
covenants contained in this Section 6 shall continue in effect: 
  
 (i) For two (2) years after the Participant’s termination (for any reason whatsoever) of employment with the Company in the event such termination occurs prior to June 28, 2004; or 
  
 (ii) Until the later of age sixty-two (62) or one (1) year
after the Participant’s termination (for any reason whatsoever) of employment with the Company in the event such termination occurs after June 27, 2004. 
  
 (g) The Participant acknowledges that damages, which may arise from a breach of any of the foregoing covenants contained in this Section 6, are impossible
to ascertain or prove with certainty. If any covenant in this Section 6 is breached, all Restricted Stock Units shall be forfeited, and all associated rights shall lapse and be terminated, and in addition to other legal remedies which may be
available, the Company shall be entitled to an immediate injunction from a court of competent jurisdiction to end such breach, without further proof of damage. 
  

(h) To the extent any provision of this Section of the Agreement shall be determined to be invalid or unenforceable, such provision shall be deleted
from this Agreement, and the validity and enforceability of the remainder of such provision and of this Agreement shall be unaffected. In furtherance of and not in limitation of the foregoing, the Participant expressly agrees that should the
duration of or geographical extent of, or business activities covered by, any provision of this Agreement be in excess of that which is valid or enforceable under applicable law, then such provision shall be construed to cover only that duration,
extent or activities that may validly or enforceably be covered. The Participant acknowledges the uncertainty of the law in this respect and expressly stipulates that this Agreement shall be construed in a manner that renders its provisions valid
and enforceable to the maximum extent (not exceeding its express terms) possible under applicable law. 
  
 (i) Nothing in this Section 6 shall amend, limit, terminate or replace any other confidentiality or non-compete obligation that the Participant may have
in any other agreement with the Company. 
  
 7.
Transferability 
  
 The Restricted Stock Units shall not
be transferable otherwise than by will or the laws of descent and distribution. More particularly (but without limiting the generality of the foregoing), the Restricted Stock Units may not be assigned, transferred (except as aforesaid), pledged or
hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Restricted Stock Units
contrary to the provisions hereof and the levy of an execution, attachment or similar process upon the Restricted Stock Units shall be void. 
  

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 8. Taxes 
  

(a) The Participant acknowledges that he will consult with his personal tax advisor regarding the income tax consequences of the vesting and payment of
the Restricted Stock Units or any other matters related to this Agreement. In order to comply with all applicable federal or state income tax laws or regulations, the Company may take such action as it deems appropriate to ensure that all applicable
federal or state payroll, withholding, income or other taxes, which are the sole and absolute responsibility of a Participant, are withheld or collected from the Participant. 
  
 (b) The Participant may elect to satisfy any federal and state income tax withholding obligations arising from the payment
of the Restricted Stock Units pursuant to Section 4 hereof by (i) having the Company withhold a portion of the shares of Common Stock otherwise to be delivered in payment of the Restricted Stock Units having a Fair Market Value (as defined in the
Plan) equal to the amount of federal and state income taxes required to be withheld in connection with such payment or (ii) delivering to the Company shares of Common Stock other than the shares issuable in connection with the payment of the
Restricted Stock Units having a Fair Market Value equal to such taxes. The Participant may elect to satisfy any federal and state income tax withholding obligations arising prior to the payment of the Restricted Stock Units pursuant to Section 4
hereof by delivering to the Company shares of Common Stock other than the shares issuable in payment of the Restricted Stock Units having a Fair Market Value equal to such taxes. Any election must be made on or before the date that the amount of
taxes to be withheld is determined. 
  
 9. No Right to
Employment 
  
 Nothing in this Agreement or in the Plan shall
be construed as giving the Participant any right to be retained in the employ of the Company or any subsidiary of the Company, nor shall this Agreement or the Plan affect in any way the right of the Company or a subsidiary of the Company to
terminate the Participant’s employment at any time, with or without cause. 
  
 10. General Provisions 
  
 (a) The Restricted Stock Units are granted pursuant to the Plan and are subject to the terms and conditions contained therein. A copy of the Plan is available to the Participant upon request. 
  
 (b) This Agreement constitutes the entire agreement of the parties hereto
with respect to the subject matter hereof and shall supersede any prior expressions of intent or understanding with respect to the Restricted Stock Units. 
  
 (c) This Agreement is subject to all applicable laws and the applicable rules and regulations of any governmental agencies or national securities
exchanges. The Company shall not be required to issue or deliver any shares of Common Stock in payment of the Restricted Stock Units until the requirements of any federal or state securities laws, rules or regulations or other laws or rules
(including the rules of the New York Stock Exchange) as may be determined by the Company to be applicable are satisfied. 
  

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 (d) The validity, construction and effect of this Agreement, and any rules and regulations relating to
this Agreement, shall be determined in accordance with the laws of the State of Minnesota (other than its law respecting choice of law), except to the extent the general corporation law of the State of Delaware would be applicable. 
  
 (e) If any provision of this Agreement is or becomes or is deemed to be
invalid, illegal or unenforceable in any applicable jurisdiction, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee,
materially altering the purpose or intent of this Agreement, such provision shall be stricken and the remainder of this Agreement shall remain in full force and effect. 
  
 (f) The headings in this Agreement are for convenience of reference only and shall not be deemed in any way to be material
or relevant to the construction or interpretation of this Agreement or any provision hereof. 
  
 IN WITNESS WHEREOF, the Company and the Participant have signed this Agreement as of the date first above written. 
  

			
	SUPERVALU INC.
		
	 By:
	 	 /s/ Ronald C. Tortelli

	 	 	 Ronald C. Tortelli

	 Its:
	 	 Senior Vice President,

	 	 	 Human Resources

	
	PARTICIPANT
	
	 /s/ David L. Boehnen

	 David L. Boehnen

  

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