Document:

EMPLOYMENT AGREEMENT

     This EMPLOYMENT AGREEMENT (this "Agreement") is entered into
as  of  July  1,  2005  by and between SEABOARD  MARINE  LTD.,  a
Liberian  corporation (together with any Successor  thereto,  the
"Company"), and Edward A Gonzalez ("Executive").

                           WITNESSETH:

     WHEREAS,  the  Company  desires to  employ  and  secure  the
exclusive  services of Executive on the terms and conditions  set
forth in this Agreement;

     WHEREAS, Executive desires to accept such employment on such
terms and conditions; and

     NOW,  THEREFORE,  in consideration of the premises  and  the
mutual covenants and promises contained herein and for other good
and  valuable  consideration, the Company  and  Executive  hereby
agree as follows:

     1.   Agreement to Employ.  Upon the terms and subject to the
conditions  of  this  Agreement, the  Company  hereby  agrees  to
continue  to employ Executive, and Executive hereby accepts  such
continued employment with the Company.

     2.   Term; Position and Responsibilities; and Location.

          (a)  Term of Employment.  Unless Executive's employment
shall sooner terminate pursuant to Section 8, the  Company  shall
continue  to  employ Executive on the terms and  subject  to  the
conditions  of this Agreement for a term commencing  on  July  1,
2005  (the "Commencement Date") and ending on the date  which  is
three  (3) years after the Commencement Date, provided,  however,
on  each  annual  anniversary date of the Commencement  Date  (an
"Annual  Anniversary  Date"),  Executive's  employment  hereunder
shall be deemed to be automatically extended, upon the same terms
and  conditions for three (3) years after such Annual Anniversary
Date,  unless  the  Company shall have given  written  notice  to
Executive,  at least thirty (30) days prior to the expiration  of
such Annual Anniversary Date, of its intention not to extend  the
Employment  Period (as defined below) hereunder.  Notwithstanding
the  foregoing, unless mutually agreed to by the Company and  the
Executive,  Executive's  employment  hereunder  shall  under   no
circumstances extend beyond December 31, 2030.  The period during
which  Executive  is  employed by the Company  pursuant  to  this
Agreement, including any extension thereof in accordance with the
preceding  sentence,  shall be referred  to  as  the  "Employment
Period."

          (b)  Position   and   Responsibilities.   During    the
Employment  Period,  Executive  shall  serve  as President of the
Company,  and shall have  such duties and responsibilities as are
customarily assigned  to individuals serving in such position and
such  other duties consistent with Executive's title and position
as  the Board of Directors of the Company (the "Board") specifies
from time  to time.  Executive shall devote  all  of  his  skill,
knowledge,   commercial  efforts  and

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business time to the conscientious  and good faith performance of
his  duties  and  responsibilities for the Company to the best of
his ability.

          (c)  Location.    During    the   Employment    Period,
Executive's services shall be performed primarily in  the  Miami,
Florida metropolitan area.  However, Executive may be required to
travel in  and  outside  of Miami, Florida  as  the needs  of the
Company's business dictate.

     3.   Base Salary.  During the Employment Period, the Company
shall  pay Executive a base salary at an annualized rate  of  two
hundred  twenty-five  thousand  dollars  ($225,000),  payable  in
installments on the Company's regular payroll dates.   The  Board
shall   review  Executive's  base  salary  annually  during   the
Employment Period and may increase (but not decrease)  such  base
salary  from  time  to  time, based on  its  periodic  review  of
Executive's performance in accordance with the Company's  regular
policies  and  procedures.  The annual  base  salary  payable  to
Executive  from  time  to  time  under  this  Section   3   shall
hereinafter be referred to as the "Base Salary."

     4.   Annual Bonus Compensation.  Executive shall be eligible
to receive an annual bonus ("Annual Bonus") with respect to  each
calendar  year ending during the Employment Period.   The  Annual
Bonus shall be determined under the Company's Executive Officers'
Bonus  Plan  or  such other annual bonus plan maintained  by  the
Company  for  similarly  situated  Executives  that  the  Company
designates,  in  its sole discretion (any such plan,  the  "Bonus
Plan"),  in accordance with the terms of such plan as  in  effect
from  time to time.  Executive's Annual Bonus shall not  be  less
than  two  hundred  fifty  thousand dollars  ($250,000)  for  any
calendar year during the Employment Period.  The Annual Bonus  is
earned pro-rata throughout each year.  The Annual Bonus for  each
year  shall  be  payable  in cash on or before  March  1  of  the
following year.

     5.    Car  Allowance.  During Executive's Employment Period,
Executive will be entitled to receive an annual car allowance and
gasoline  charge privileges in accordance with the Company's  car
allowance policy.

     6.   Executive  Benefits.  During  the   Employment  Period,
Executive  will  be  eligible to participate in the employee  and
executive  benefit  plans  and programs maintained by the Company
from  time to  time  in  which  executives  of  the   Company  at
Executive's  grade level  are  eligible to participate, including
medical,  dental, disability,  hospitalization,  life  insurance,
and   retirement  (i.e.,  401K,  pension and executive retirement
plans), deferred compensation and savings plans, on the terms and
subject  to  the  conditions set forth  in such  plans; as may be
amended  from  time  to   time; provided, however,  the  benefits
provided by the Company will not be  amended  to  provide for any
benefits  which  are  materially  less than  the current benefits
provided to  Executive at the Commencement Date.

     7.   Indemnification; Expenses; Paid Time Off.

          (a)  Indemnification.  Except   to  the extent, if any,
prohibited by  law, the Company shall indemnify Executive against
expenses (including  attorneys'  fees of counsel

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selected  by  Executive), judgments,  fines  and  amounts paid in
settlement  actually  and reasonably  incurred  by  Executive  in
connection   with   any threatened, pending  or completed action,
suit  or  proceeding, whether civil, criminal, administrative  or
investigative, to which Executive was, is, or is threatened to be,
made a party  by  reason of facts which include Executive's being
or having been an employee,  officer,  director or agent  of  the
Company   or  any  Affiliates.  Except to  the  extent,  if  any,
prohibited by law, the  Company  shall  pay  expenses  (including
attorneys' fees of counsel selected by  Executive)  actually  and
reasonably  incurred by Executive  in  defending any such action,
suit or  proceeding  in  advance  of  the  final  disposition  of
such  action,  suit  or proceeding upon receipt of an undertaking
by Executive  to repay such amounts so paid on Executive's behalf
if it shall  ultimately  be  determined  that  Executive  is  not
entitled to be indemnified by  the   Company  for  such  expenses
under applicable  law.  The provisions of this Section 7(a) shall
(i) survive termination of this Agreement; and (ii) not be deemed
exclusive  of  any  other  indemnification  or  expense rights to
which  Executive  may  be entitled.

          (b)  Business  Expenses.  During the Employment Period,
the  Company  will  reimburse  Executive  for all  reasonable and
necessary  business-related expenses incurred by Executive at the
request of and  on  behalf  of the Company in accordance with The
Company's normal expense reimbursement policies.

          (c)  Paid Time Off.   During  the  Employment   Period,
Executive  shall  be  entitled  to paid time off on an annualized
basis  in  accordance  with  the  Company's paid time off policy.
Executive shall also be entitled to Company-designated holidays.

     8.   Termination of Employment.

          (a)  Termination   Due   to   Death    or   Disability.
Executive's   employment  shall   automatically   terminate  upon
Executive's death and  may  be  terminated  by  the  Company  due
to  Executive's  Disability  (as defined below in this subsection
(a)).   In the event that  Executive's  employment is  terminated
due  to his Disability or death, no termination benefits shall be
payable  to or in respect of Executive except  as   provided   in
Section  8(f)(ii).  For purposes of this Agreement,  "Disability"
means  a  physical  or mental disability that prevents  or  would
prevent the performance by Executive of his duties hereunder  for
a  continuous  period of six months or longer.  The determination
of   Executive's  Disability  will  be  made  by  an  independent
physician agreed to by the parties.  If the parties are unable to
agree within ten (10) days after a request for designation  by  a
party,  then  the Company and the Executive shall each  select  a
physician,  and  the two (2) physicians selected shall  select  a
third physician.  The three (3) physicians so selected shall make
a  determination of the Executive's Disability, as determined  by
at  least  two  (2) of the three (3) physicians  selected.   Such
determination  shall be final and binding on the parties  hereto,
and shall be based on such competent medical evidence as shall be
presented  to such physicians by Executive and/or the Company  or
by  any  physician  or  group of physicians  or  other  competent
medical  experts  employed by Executive  and/or  the  Company  to
advise such physicians.

          (b)  Termination by the Company for Cause.  Executive's
employment may be terminated by the Company for Cause (as defined
below in this subsection (b)).  In the event of a termination  of
Executive's employment by the Company for Cause, Executive  shall
be paid the

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termination   benefits   as   provided   in   Section   8(f)(ii).
For  purposes  of this Agreement, "Cause" means  (i)  a  material
breach  by Executive of any provision of this Agreement;  (ii)  a
material  violation  by Executive of any Policy  (as  defined  in
Section  14),  resulting  in  material  injury  to  the  Company;
(iii) Executive's willful misconduct or gross negligence that has
caused or is reasonably expected to result in material injury  to
the  business, reputation or prospects of the Company or  any  of
its    Affiliates;   (iv)   Executive's   material    fraud    or
misappropriation of funds; or (v) the commission by Executive  of
a  felony involving moral turpitude; provided that no termination
under clauses (i) or (ii) shall be effective unless Company shall
have  given  Executive notice of the event or events constituting
Cause  and  Executive shall have failed to  cure  such  event  or
events  within  thirty (30) business days after receipt  of  such
notice.

          (c)  Termination Without Cause.  Executive's employment
may be  terminated by the Company Without Cause (as defined below
in  this  subsection   (c))  at  any  time.  In  the  event  of a
termination  of Executive's employment  by  the  Company  Without
Cause,   the Executive  shall be paid the termination benefits as
provided  in Section  8(f)(i).  For purposes of this Agreement, a
termination  "Without   Cause"  shall  mean   a  termination   of
Executive's  employment  by  the  Company  other  than   due   to
Executive's death  or Disability as described in Section 8(a) and
other than for  Cause as described in Section 8(b).

          (d)  Termination by Executive.   Executive  may  resign
from his employment for any reason, including for Good Reason (as
defined  below  in  this  subsection  (d)).  In  the  event  of a
termination  of Executive's employment by Executive's resignation
other than  for  Good  Reason, no  termination  benefits shall be
payable to  or  in  respect  of  Executive  except as provided in
Section 8(f)(ii)  and  in   the   event  of  a   termination   of
Executive's  employment  by   Executive  for   Good   Reason,  no
termination  benefits  shall  be  payable  to   or  in respect of
Executive except  as  provided  in Section 8(f)(i).  For purposes
of this Agreement, a  termination   of  employment  by  Executive
for "Good  Reason"  shall  mean a resignation  by  Executive from
his employment with the Company within  one  hundred eighty (180)
days following the  occurrence, without  Executive's  consent, of
any of  the  following  events: (i)  a material diminution in the
Executive's position, authority  or  responsibilities;  (ii)  any
involuntary relocation of the location where  Executive primarily
performs  his  services;  or (iii)  any  other material breach by
the Company of any material provision of this Agreement; provided
that the Executive  shall  have  given  the Company notice of the
event or events constituting  Good  Reason  and the Company shall
have failed to cure such event or  events  (to the extent capable
of being cured) within  thirty  (30) business  days after receipt
of such notice.

          (e)  Notice of Termination; Date of Termination.

               (i)  Notice of Termination.  Any   termination  of
     Executive's employment by the Company or by Executive (other
     than as a result of Executive's death) shall be communicated
     by a written Notice  of  Termination  addressed to the other
     party to this Agreement.  A  "Notice  of  Termination" shall
     mean a notice  stating that Executive or the Company, as the
     case may be, is electing to terminate Executive's employment
     with the Company (and thereby  terminating  the   Employment
     Period), stating  the  proposed  effective   date  of   such
     termination, indicating the  specific  provision

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     of this Section 8 under which such  termination   is   being
     effected and, if applicable,  setting  forth  in  reasonable
     detail the  circumstances claimed to provide the  basis  for
     such  termination.   Any  Notice  of Termination given by an
     Executive must  specify an  effective   date of  termination
     which is at least thirty (30) days after the giving  of  the
     Notice of Termination.

               (ii) Date of Termination.   The  term   "Date   of
     Termination" shall   mean  (i) if  Executive's employment is
     terminated by his death,  the date of his death; and (ii) if
     Executive's employment is terminated for  any  other reason,
     the   effective   date  of   termination  specified  in such
     Notice of  Termination.   The Employment Period shall expire
     on the Date of Termination.

          (f)  Payments Upon Certain Terminations.

               (i)  In the event of  a termination of Executive's
     employment by  the  Company  Without Cause or by Executive's
     resignation from  employment  for  Good  Reason  during  the
     Employment Period, the  Company  shall pay to Executive (or,
     following his death,  to  Executive's estate), within thirty
     (30) days of the Date  of  Termination, (x) his  Base Salary
     through  the  Date   of  Termination,  to  the  extent   not
     previously paid; (y) the pro-rata amount of the Annual Bonus
     (based  on  the  amount paid for the previous year) which is
     accrued    through    the   date   of  termination;  and (z)
     reimbursement   for   any   unreimbursed   business expenses
     incurred  by Executive prior to the Date of Termination that
     are subject to   reimbursement pursuant to the terms hereof,
     and  payment  for  paid  time off  accrued as of the Date of
     Termination but unused (such amounts under clauses (x),  (y)
     and  (z),  collectively  the  "Accrued   Obligations").   In
     addition,  in  the  event   of   any  such  termination   of
     Executive's employment, if   Executive executes and delivers
     to   the   Company   a   Release and Discharge of All Claims
     substantially in the form approved by the Company, Executive
     (or, following his   death,   Executive's   estate) shall be
     entitled to the following payments and benefits:

                    (A)  the Executive's Base Salary (at the Base
          Salary being paid  on the Date of Termination), for the
          longer of: (x) the remaining  Employment  Period or (y)
          one (1) year (the "Severance   Period"),   payable   in
          installments in accordance with  the  Company's regular
          payroll  policies  for  one  year  after  the  Date  of
          Termination,  with  the  balance,  if  any,  being paid
          pursuant  to  a  lump  sum  payment  on  the  one  year
          anniversary date of the Date of Termination; and

                    (B)  the  Executive's  Annual Bonus  (at  the
          amount of the Annual Bonus paid to the  Executive   for
          the year prior to the Date of Termination) which  would
          have   been   paid   to   the Executive had Executive's
          employment   continued  for  the Severance Period, duly
          apportioned for any partial   year,  such  amount to be
          payable to  Executive  on the one year anniversary date
          of the Date of Termination; and

          <PAGE> 5

                    (C)  the   Executive  shall receive "Years of
          Service" credit for  the number of years comprising the
          Severance   Period   for   purposes   of accruing   the
          Executive's   benefit   under   the Company's Executive
          Retirement   Plan   and   the   Final  Average Earnings
          thereunder for the Severance Period shall be determined
          based on the Base Salary   being   paid on  the Date of
          Termination and the Annual Bonus paid  to the Executive
          for the year prior to the Date of Termination;

                    (D)  the  Executive  shall automatically vest
          in all employee welfare  and benefit plans in which the
          Executive   was  participating  as  of  the   Date   of
          Termination  and  such  benefits   shall  be  paid   to
          Executive in accordance with the terms of  such  plans;
          and

                    (E)  the Company  shall  provide outplacement
          services to Executive for up to ninety (90) days.

          Executive  shall not have a duty to mitigate the  costs
to the Company under this Section 8(f)(i), nor shall any payments
from  the  Company to Executive hereunder be reduced,  offset  or
canceled  by any compensation or fees earned by (whether  or  not
paid  currently) or offered to Executive during the remainder  of
the  fiscal  year  of  the  Company that  includes  the  Date  of
Termination by a subsequent employer or other Person (as  defined
below  in  Section  18(k)  below) for  which  Executive  performs
services, including, but not limited to, consulting services.

               (ii) If  Executive's employment   shall  terminate
     upon his death or if the Company shall terminate Executive's
     employment for Cause   or   due to Executive's Disability or
     Executive shall resign from   his   employment  without Good
     Reason, in any such case during the  Employment  Period, the
     Company shall  pay to  Executive  (or,  in the     event  of
     Executive's    death,   to   his    estate)    the   Accrued
     Obligations  within thirty (30) days following the  Date  of
     Termination.

               (iii) Except   as   specifically set forth in this
     Section 8(f), no termination benefits shall be payable to or
     in respect of Executive's employment with the Company or its
     Affiliates.

               (iv) The Company shall have the right to apply and
     set off against the Accrued Obligations or any other amounts
     owing to   Executive   hereunder,  any amounts  owing by the
     Executive to the Company, whether pursuant to this Agreement
     or otherwise.

          (g)  Resignation upon Termination.  Effective as of any
Date of  Termination  under this Section 8 or otherwise as of the
date  of  Executive's termination of employment with the Company,
Executive shall   resign, in writing, from all Board memberships
and  other positions  then  held by him, or to which he has been
appointed,   designated   or nominated, with the Company and its
Affiliates.

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     9.   Confidentiality.

          (a)  Executive   acknowledges and agrees that the terms
of this Agreement, including all addendums and attachments hereto,
are  confidential.   Executive   agrees  not   to   disclose  any
information  contained  in  this  Agreement, or  the fact of this
Agreement, to anyone, other than to Executive's lawyer, financial
advisor  or immediate family members.  If Executive discloses any
information contained  in this Agreement to his lawyer, financial
advisor  or  immediate   family  members  as  permitted   herein,
Executive agrees to  immediately tell  each such individual  that
he  or she  must  abide  by  the   confidentiality   restrictions
contained herein  and keep such information confidential as well.

          (b)  Executive  agrees  that during his employment with
the Company and  thereafter,  Executive  will  not,  directly  or
indirectly  (i)  disclose  any  Confidential  Information  to any
Person  (other  than,  only  with  respect  to  the  period  that
Executive is employed by    the  Company,  to an Executive of the
Company who requires such information  to  perform   his  or  her
duties   for   the   Company);  or  (ii)  use  any   Confidential
Information for Executive's own benefit  or  the  benefit of  any
third party.  "Confidential  Information"   means   confidential,
proprietary  or  commercially  sensitive information  relating to
(i) the Company or its Affiliates, or members of their management
or boards; or (ii) any third parties who   do  business  with the
Company or its Affiliates,  including  customers  and  suppliers.
Confidential Information includes, without  limitation, marketing
plans, business  plans,  financial  information    and   records,
operation   methods,  personnel information,  drawings,  designs,
information  regarding  product development, other  commercial or
business information  and  any other information not available to
the public  generally.   The  foregoing   obligation   shall  not
apply  to  any  Confidential Information that has been previously
disclosed to the  public  or is in the  public domain (other than
by reason of a  breach  of Executive's  obligations  to hold such
Confidential  Information confidential). If Executive is required
or requested by a  court   or  governmental  agency  to  disclose
Confidential  Information, Executive   must  notify  the  General
Counsel of the Company in writing  of  such disclosure obligation
or request  no  later  than  three  business days after Executive
learns of such obligation  or  request, and permit the Company to
take all lawful steps it deems  appropriate  to  prevent or limit
the required disclosure.

     10.  Partial Restraint on Post-termination Competition.

          (a)  Definitions.  For the purposes of this Section 10,
the following definitions shall apply:

               "Competitor"   means  any  business,   individual,
partnership,  joint  venture, association, firm,  corporation  or
other entity, other than the Company and its affiliates, that  is
engaging  or  actively planning to engage, wholly or  partly,  in
activities  ("Competitive Activities") that directly  compete  or
would  compete with the Company or its affiliates in the  Company
Activities   (as  hereinafter  defined)  in  the  Territory   (as
hereinafter defined).

               "Competitive  Position" means (i)  the  direct  or
indirect  ownership  or  control of  all  or  any  portion  of  a
Competitor;  or  (ii)  any employment or  independent  contractor

<PAGE> 7

arrangement with any Competitor whereby Executive will serve such
Competitor  in  any  managerial, sales, executive  or  consultant
capacity with respect to Competitive Activities in the Territory.

               "The  Company  Activities"  means  the  businesses
of  cargo  transportation, whether over land or  water,  and  all
related   business,  including,  without  limitation,  logistics,
freight forwarding, agency representation and stevedoring and any
business   acquired  or  commenced  by  the  Company  after   the
Commencement Date which has sales in excess of $100 million.

               "Non-compete Period" or "Non-solicitation  Period"
means  the period beginning with the Commencement Date and ending
on the one year anniversary date of the Date of Termination.

               "Territory"  means the United States  of  America,
the  Caribbean  Basin,  and  Central  and  South  America,  which
Executive  acknowledges and agrees are the  geographic  areas  in
which the Company engages in the Company Activities.

          (b)  Non-competition.

               (i)  The parties hereto acknowledge that Executive,
     by virtue of  his  position with and responsibilities to the
     Company,  is  engaging and is expected to continue to engage
     during the Term in  the  Company  Activities  throughout the
     Territory and has executive management responsibilities with
     respect  to  the  Company  responsibilities   which   extend
     throughout  the  Territory.   Executive acknowledges that to
     protect adequately the interest of  the  Company   in    the
     business of the Company  it  is  essential  that   any  non-
     compete   covenant   with   respect   thereto  cover all the
     Company Activities and the entire Territory.

               (ii) Executive hereby agrees that, during the Non-
     compete  Period,  Executive  will  not,  either  directly or
     indirectly, alone or in  conjunction  with  any other party,
     accept or  enter  into  a  Competitive  Position.  Executive
     shall notify  the  Company promptly in  writing if Executive
     receives an  offer of a Competitive Position during the Non-
     compete Period, and such  notice shall describe all material
     terms of such offer.

          Nothing  contained  in this Section 10  shall  prohibit
Executive from acquiring not more than five percent (5%)  of  any
company  whose  common  stock is publicly traded  on  a  national
securities exchange or in the over-the-counter market.

          (c)  Severability.  If   a   judicial   or     arbitral
determination is  made that any of the provisions of this Section
10 constitutes  an unreasonable   or   otherwise    unenforceable
restriction   against  Executive  the  provisions of this Section
10 shall  be   rendered  void   only  to  the  extent  that  such
judicial  or   arbitral determination finds  such  provisions  to
be  unreasonable   or  otherwise  unenforceable  with respect  to
Executive.   In  this  regard,  Executive  hereby agrees that any
judicial  or  arbitral authority  construing this Agreement shall
sever  or  reform  any portion of the

<PAGE> 8

Territory, any prohibited business activity or any   time  period
from the coverage of this Agreement  to  allow  the  covenants in
this Section 10 to be enforced to the maximum extent   authorized
by law, and shall then enforce the covenants  in  this Section 10
as so severed or reformed.

          (d)  Reasonable Restrictions.  Executive   acknowledges
that the   restrictions    and    covenants   contained  in  this
Agreement  are   reasonably  necessary  to  protect the  goodwill
and  legitimate   business    interests   of the Company, are not
overbroad, overlong, or unfair (including in duration and scope),
and will not   curtail   Executive's   ability    to    earn    a
livelihood  upon  Executive's  termination of employment with the
Company.

     11.  Non-Solicitation of Employees and Customers. During the
period of Executive's employment with the Company and for the one-
year   period   following  the  termination  of  his  employment,
Executive  shall  not,  directly or  indirectly,  by  himself  or
through any third party, whether on Executive's own behalf or  on
behalf of any other Person or entity, (i) solicit or endeavor  to
solicit,  employ or retain; (ii) interfere with the  relationship
of the Company or any of its Affiliates with; or (iii) attempt to
establish a business relationship with (A) any natural person who
is  or  was  (during Executive's employment with the Company)  an
employee  or engaged by the Company or any Affiliate  to  provide
services to it, or (B) any customer of the Company or any of  its
Affiliates who was a customer at any time during which  Executive
was an employee of the Company.

     12.  Work Product.  Executive agrees that all of Executive's
work   product   (created   solely   or  jointly with others, and
including any intellectual property or moral rights in such  work
product),  given,  disclosed,  created, developed or prepared  in
connection with Executive's employment with the Company,  whether
ensuing during  or  after Executive's employment with the Company
("Work Product")  shall  exclusively  vest in and be the sole and
exclusive property of the Company and shall constitute "work made
for hire" (as  that term is defined under Section 101 of the U.S.
Copyright Act,  17 U.S.C.  101) with the Company being the person
for  whom the work was prepared.  In the event that any such Work
Product  is  deemed  not to be a "work made for hire" or does not
vest  by operation  of   law   in  the  Company, Executive hereby
irrevocably   assigns,    transfers   and conveys to the Company,
exclusively and perpetually,  all right, title and interest which
Executive  may   have   or   acquire  in and to such Work Product
throughout the world, including without limitation any copyrights
and patents, and  the   right to secure  registrations, renewals,
reissues, and extensions thereof.  The Company and its Affiliates
or their designees shall  have  the  exclusive right to make full
and complete use  of,  and  make  changes  to  all  Work  Product
without  restrictions   or liabilities of any kind, and Executive
shall not have  the  right  to use any such materials, other than
within the legitimate scope and purpose of Executive's employment
with   the   Company.  Executive   shall promptly disclose to the
Company the creation  or existence  of any Work Product and shall
take whatever additional lawful action may be necessary, and sign
whatever documents  the Company  may require, in  order to secure
and vest in the  Company  or  its  designee  all right, title and
interest in and to all Work Product and any intellectual property
rights therein  (including full   cooperation  in  support of any
Company  applications  for   patents   and copyright or trademark
registrations).

<PAGE> 9

     13.  Return of Company Property. In the event of termination
of  Executive's employment for any reason, Executive shall return
to the Company all  of  the  property  of  the  Company  and  its
Affiliates,   including  without  limitation  all  materials   or
documents  containing or pertaining to Confidential  Information,
and  including without limitation, any company car, all computers
(including  laptops),  cell  phones,  keys,  PDAs,  Blackberries,
credit  cards,  facsimile machines, card access  to  any  Company
building,  customer  lists, computer disks,  reports,  files,  e-
mails,  work papers, Work Product, documents, memoranda,  records
and  software,  computer access codes or disks and  instructional
manuals,  internal  policies,  and  other  similar  materials  or
documents  which  Executive used, received  or  prepared,  helped
prepare  or  supervised  the preparation of  in  connection  with
Executive's employment with the Company.  Executive agrees not to
retain any copies, duplicates, reproductions or excerpts of  such
material or documents.

     14.  Compliance  With Company Policies.  During  Executive's
employment with the Company, Executive shall be governed  by  and
be  subject to, and Executive hereby agrees to comply  with,  all
Company  policies  applicable  to  employees  generally   or   to
employees   at   Executive's  grade  level,   including   without
limitation, the Company's Code of Business Ethics and Conduct, in
each  case, as any such policies may be amended from time to time
in the Company's sole discretion (collectively, the "Policies").

     15.  Injunctive  Relief  with  Respect  to Covenants; Forum,
Venue and Jurisdiction. Executive acknowledges and agrees that  a
breach by Executive of any of Section 9, 10, 11, 12, 13 or 14  is
a  material breach of this Agreement and that remedies at law may
be  inadequate to protect the Company and its Affiliates  in  the
event  of such breach, and, without prejudice to any other rights
and remedies otherwise available to the Company, Executive agrees
to  the  granting of injunctive relief in the Company's favor  in
connection  with  any such breach or violation without  proof  of
irreparable harm, plus attorneys' fees and costs to enforce these
provisions.  Executive further acknowledges and agrees  that  the
Company's  obligations  to pay Executive any  amount  or  provide
Executive  with  any benefit or right pursuant to  Section  8  is
subject  to  Executive's compliance with Executive's  obligations
under Sections 9 through 14 inclusive, and that in the event of a
breach  by Executive of any of Section 9, 10, 11, 12, 13  or  14,
the  Company  shall  immediately cease paying such  benefits  and
Executive shall be obligated to immediately repay to the  Company
all amounts theretofore paid to Executive pursuant to Section  8.
In  addition, if not repaid, the Company shall have the right  to
set  off  from any amounts otherwise due to Executive any amounts
previously paid pursuant to Section 8(f) (other than the  Accrued
Obligations).   Executive further agrees that  the  foregoing  is
appropriate for any such breach inasmuch as actual damages cannot
be  readily  calculated, the amount is fair and reasonable  under
the  circumstances, and the Company would suffer irreparable harm
if  any  of  these  Sections  were breached.   All  disputes  not
relating  to any request or application for injunctive relief  in
accordance  with this Section 15 shall be resolved by arbitration
in accordance with Section 18(b).

     16.  Assumption of Agreement.  The Company shall require any
Successor  thereto, by agreement in form and substance reasonably
satisfactory  to  Executive, to expressly  assume  and  agree  to
perform this Agreement in the same manner and to the same  extent
that  the  Company would be required to perform  it  if  no  such
succession  had  taken place.  Failure of the Company

<PAGE> 10

to  obtain such  agreement prior to the effectiveness of any such
succession shall be  a breach of this Agreement and shall entitle
Executive to compensation from the Company in the same amount and
on the same terms as Executive would be entitled hereunder if the
Company  had terminated Executive's employment Without  Cause  as
described  in Section 8, except that for purposes of implementing
the  foregoing,  the  date on which any such  succession  becomes
effective shall be deemed the Date of Termination.

     17.  Entire Agreement. This Agreement constitutes the entire
agreement  among the parties hereto with respect to  the  subject
matter   hereof.    All   prior  correspondence   and   proposals
(including, but not limited to, summaries of proposed terms)  and
all prior promises, representations, understandings, arrangements
and  agreements relating to such subject matter are merged herein
and superseded hereby.

     18.  Miscellaneous.

          (a)  Binding Effect; Assignment.  This  Agreement shall
be binding  on  and inure  to the benefit  of the Company and its
Successors and permitted assigns.  This  Agreement  shall also be
binding  on  and  inure  to  the   benefit   of Executive and his
heirs,  executors, administrators   and  legal   representatives.
This Agreement  shall   not  be  assignable  by  any party hereto
without the prior written consent  of  the  other parties hereto.
The Company may effect such an  assignment  without prior written
approval of Executive  upon the  transfer of all or substantially
all of its business  and/or assets  (by whatever means), provided
that the Successor  to  the Company shall  expressly  assume  and
agree to perform this Agreement in accordance with the provisions
of Section 16.

          (b)  Arbitration.  The Company and Executive agree that
any dispute  or  controversy  arising under or in connection with
this Agreement shall be resolved by final and binding arbitration
before   the  American  Arbitration  Association  ("AAA").    The
arbitration shall be conducted in accordance with AAA's  National
Rules for the Resolution of Employment Disputes then in effect at
the  time of the arbitration.  The arbitration shall be  held  in
the  general Miami, Florida metropolitan area.  The dispute shall
be heard and determined by one arbitrator selected from a list of
arbitrators who are members of AAA's Regional Employment  Dispute
Resolution  roster.  If the parties cannot agree upon a  mutually
acceptable arbitrator from the list, each party shall number  the
names  in  order of preference and return the list to AAA  within
ten  (10)  days from the date of the list.  A party may strike  a
name from the list only for good cause.  The arbitrator receiving
the   highest   ranking  by  the  parties  shall   be   selected.
Depositions, if permitted by the arbitrator, shall be limited  to
a maximum of two (2) per party and to a maximum of four (4) hours
in duration.  The arbitration shall be conducted in English.  The
arbitration  shall  not impair either party's  right  to  request
injunctive   or   other  equitable  relief  in  accordance   with
Section 15 of this Agreement.

          (c)  Governing Law. This Agreement shall be governed by
and construed in accordance with the laws of the State of Florida
without reference to principles of conflicts of laws.

<PAGE> 11

          (d)  Taxes.  The Company may withhold from any payments
made  under  this  Agreement all applicable taxes, including, but
not limited  to,  income, employment and social insurance  taxes,
as shall be required by law.

          (e)  Amendments.  No provision of this Agreement may be
modified,  waived   or  discharged   unless   such  modification,
waiver   or discharge is approved by the Company and is agreed to
in  writing  by  Executive.  No waiver by any party hereto at any
time of  any breach by  any  other party hereto of, or compliance
with, any  condition  or  provision  of  this  Agreement  to   be
performed by such other party shall be deemed a waiver of similar
or  dissimilar  provisions  or  conditions  at  the  same  or  at
any  prior  or subsequent  time.  No  waiver of  any provision of
this  Agreement   shall   be   implied from any course of dealing
between or among  the parties hereto  or  from any failure by any
party hereto to  assert  its rights  hereunder on any occasion or
series of occasions.

          (f)  Severability. In the event that any one or more of
the provisions of this   Agreement   shall  be or become invalid,
illegal   or  unenforceable    in    any  respect, the  validity,
legality   and   enforceability   of   the  remaining  provisions
contained herein shall not be affected thereby.

          (g)  Notices.    Any  notice   or   other communication
required or permitted  to be delivered under this Agreement shall
be (i) in writing; (ii) delivered personally, by courier  service
or by certified or  registered mail, first-class postage  prepaid
and return  receipt requested; (iii) deemed to have been received
on the date of delivery or, if mailed, on the third business  day
after  the mailing thereof; and (iv) addressed as follows (or  to
such  other  address  as  the  party  entitled  to  notice  shall
hereafter designate in accordance with the terms hereof):

               (i)  If to the Company, to it at:

                    c/o Seaboard Corporation
                    9000 West 67th Street
                    Shawnee Mission, Kansas  66202
                    Attention:     General Counsel
                    Telephone:     (913) 676-8925
                    Facsimile:     (913) 676-8978

               (ii) if to Executive, to his residential   address
     as currently on file with the Company.

          (h)  Voluntary Agreement;   No   Conflicts.   Executive
represents that  he  is  entering into this Agreement voluntarily
and that Executive's employment hereunder and compliance with the
terms  and conditions of this Agreement will not conflict with or
result in  the  breach by Executive of any agreement to which  he
is a   party or by which he or   his properties  or assets may be
bound.

<PAGE> 12

          (i)  Counterparts/Facsimile.  This Agreement   may   be
executed in counterparts (including by facsimile), each of  which
shall  be   deemed   an   original   and   all  of which together
shall constitute one and the same instrument.

          (j)  Headings. The section and other headings contained
in this Agreement are for the convenience of the parties only and
are not intended to be a part hereof or to affect the meaning  or
interpretation hereof.

          (k)  Certain other Definitions.

               "Affiliate" with respect to any Person, means  any
other  Person that, directly or indirectly through  one  or  more
intermediaries,  Controls, is Controlled by, or is  under  common
Control with the first Person, including, but not limited  to,  a
Subsidiary of any such Person.

               "Control"  (including, with correlative  meanings,
the  terms  "Controlling,"  "Controlled  by"  and  "under  common
Control  with"):   with  respect to any Person,  shall  mean  the
possession,  directly or indirectly, of the power  to  direct  or
cause  the  direction  of the management  and  policies  of  such
Person,  whether through the ownership of voting  securities,  by
contract or otherwise.

               "Person"  any  natural person, firm,  partnership,
limited  liability  company, association,  corporation,  company,
trust, business trust, governmental authority or other entity.

               "Subsidiary"   with respect to  any  Person,  each
corporation  or  other Person in which the first Person  owns  or
Controls,  directly  or  indirectly,  capital  stock   or   other
ownership interests representing fifty percent (50%) or  more  of
the  combined  voting power of the outstanding  voting  stock  or
other ownership interests of such corporation or other Person.

               "Successor"  of  a  Person  means  a  Person  that
succeeds to the first Person's assets and liabilities by  merger,
liquidation, dissolution or otherwise by operation of law,  or  a
Person  to  which  all  or substantially all  the  assets  and/or
business of the first Person are transferred.

                     SIGNATURE PAGE FOLLOWS

<PAGE> 13

     IN  WITNESS  WHEREOF,  the Company has  duly  executed  this
Agreement  by  its authorized representatives, and Executive  has
hereunto  set  his hand, in each case effective as  of  the  date
first above written.

THIS  AGREEMENT  CONTAINS A PROVISION REQUIRING THAT  ARBITRATION
PURSUANT  TO THE AMERICAN ARBITRATION ASSOCIATION NATIONAL  RULES
FOR  THE RESILUTION OF EMPLOYMENT DISPUTES IS THE EXCLUSIVE MEANS
FOR  RESOLVING ANY DISPUTE BETWEEN THE PARTIES HERETO AS TO  THIS
AGREEMENT.

                                   SEABOARD MARINE LTD

                                   By:  /s/ Robert L. Steer
                                        Robert L. Steer
                                        Vice President

                                   Executive:

                                   By:  /s/ Edward A. Gonzalez
                                        Edward A. Gonzalez

<PAGE> 14SEABOARD CORPORATION
           NONQUALIFIED DEFERRED COMPENSATION PLAN

                 Effective September 1, 2005

<PAGE>

                      TABLE OF CONTENTS

ARTICLE I PURPOSE AND EFFECTIVE DATE                              1

ARTICLE II DEFINITIONS                                            1
   2.1  Account                                                   1
   2.2  Beneficiary                                               1
   2.3  Board                                                     1
   2.4  Change in Control                                         1
   2.5  Code                                                      2
   2.6  Committee                                                 2
   2.7  Company                                                   2
   2.8  Company Contribution                                      2
   2.9  Compensation                                              2
   2.10 Deferral                                                  3
   2.11 Deferral Election                                         3
   2.12 Disability                                                3
   2.13 Distribution Preference Election                          3
   2.14 Eligible Employee                                         3
   2.15 Employee                                                  3
   2.16 Employer                                                  3
   2.17 Investment Options                                        3
   2.18 Investment Return                                         4
   2.19 Participant                                               4
   2.20 Plan                                                      4
   2.21 Plan Year                                                 4
   2.22 Related Company                                           4
   2.23 Separation from Service                                   4
   2.24 Unforeseeable Financial Emergency                         4

ARTICLE III PARTICIPATION                                         4
   3.1  Participation for Deferrals.                              4
   3.2  Participation for Company Contributions.                  4

ARTICLE IV DEFERRAL ELECTIONS                                     5
   4.1  Method.                                                   5
   4.2  Irrevocable.                                              5
   4.3  Compensation Deferred.                                    5
   4.4  Deferral Election for First Year of Eligibility           5
   4.5  Deferral Elections for Subsequent Years of
         Eligibility                                              6
   4.6  Minimum Annual Deferral                                   6

ARTICLE V COMPANY CONTRIBUTIONS                                   6
   5.1  Participation                                             6
   5.2  Amount                                                    6

<PAGE> i

ARTICLE VI ACCOUNTS AND INVESTMENT RETURN                         6
   6.1  Account Adjustments for Deferrals, Company
         Contributions and Distributions                          6
   6.2  Account Adjustments for Investment Return                 6
   6.3  Vesting                                                   7

ARTICLE VII DISTRIBUTIONS                                         7
   7.1  Distribution Preference Elections.  .                     7
   7.2  Subject to Mandatory Distribution Provisions.             7
   7.3  Election Form.  .                                         7
   7.4  Time of Initial Election or Deemed Election.              7
   7.5  Subsequent Distribution Preference Election               7
   7.6  Mandatory Distribution Upon Separation from
         Service                                                  8
   7.7  Mandatory Distribution Upon Change in Control             8
   7.8  Mandatory Distribution Upon Disability                    8
   7.9  Mandatory Distribution Upon Death                         8
   7.10 Distribution Upon Unforeseeable Emergency                 8
   7.11 Adjustments to Accounts                                   9

ARTICLE VIII AMENDMENT OR TERMINATION                             9

ARTICLE IX ADMINISTRATION                                         9
   9.1  Committee                                                 9
   9.2  Delegation                                                9
   9.3  Information to be Furnished                               9
   9.4  Committee's Decision Final                               10
   9.5  Remuneration and Expenses                                10
   9.6  Indemnification of Committee Member                      10
   9.7  Resignation or Removal of Committee Member               10
   9.8  Interested Committee Member                              10

ARTICLE X CLAIMS PROCEDURE                                       10
   10.1 Claim                                                    10
   10.2 Denial of Claim                                          10
   10.3 Review of Claim                                          10
   10.4 Final Decision                                           11

ARTICLE XI MISCELLANEOUS                                         11
   11.1  Captions                                                11
   11.2  Company Action                                          11
   11.3  Terms                                                   11
   11.4  Governing Law                                           11
   11.5  Nonassignability                                        11
   11.6  Tax Obligations                                         11
   11.7  Not a Contract of Employment                            12
   11.8  Participant Cooperation                                 12
   11.9  Successors                                              12

<PAGE> ii

   11.10 Unsecured General Creditor                              12
   11.11 Validity                                                12
   11.12 Waiver of Notice                                        12

APPENDIX A                                                       13

<PAGE> iii

                      SEABOARD CORPORATION
             NONQUALIFIED DEFERRED COMPENSATION PLAN

                            ARTICLE I
                   PURPOSE AND EFFECTIVE DATE

     Seaboard   Corporation  adopted  the  Seaboard   Corporation
Nonqualified  Deferred Compensation Plan (the  "Plan")  effective
September  1,  2005.   The purpose of  the  Plan  is  to  aid  in
attracting  and  retaining  certain  key  employees  of  Seaboard
Corporation  and participating affiliated companies by  providing
to  them an opportunity for supplemental retirement income.   The
Plan  is  intended  to  be an arrangement that  is  unfunded  and
maintained  primarily  for the purpose of providing  supplemental
retirement  income  to  a select group of  management  or  highly
compensated  employees  within the meaning  of  Sections  201(2),
301(a)(3)  and  401(a)(1)  of  the  Employee  Retirement   Income
Security  Act  of 1974, as amended, and the Plan is  intended  to
satisfy  the requirements of Section 409A of the Internal Revenue
Code  of  1986, as amended and the Plan shall be interpreted  and
administered accordingly.

                           ARTICLE II
                           DEFINITIONS

     For  purposes of this Plan, the following words and  phrases
shall  have  the  meaning indicated, unless the  context  clearly
indicates otherwise:

     2.1  Account means the bookkeeping account maintained by the
Committee  for  a Participant to which is credited Deferrals  and
Company Contributions, and to which is charged distributions, and
which  is adjusted to reflect earnings and losses, all as  herein
provided.   Any  reference  herein  to  a  distribution  of   the
Participant's Account shall mean a payment of an amount equal  to
the amount credited to the Participant's Account.

     2.2  Beneficiary means one or more persons, trusts,  estates
or  other  entities,  designated  by a Participant, in accordance
with  procedures  established  by  the  Committee, to receive any
remaining  balance in the Participant's Account upon the death of
the  Participant.  If  no  designation  by  the  Participant   is
effective,  then  the  Participant's  Beneficiary  shall  be  the
Participant's  surviving  spouse  if  any, but  if none  then the
Participant's estate.

     2.3  Board  means  the  board  of  directors   of   Seaboard
Corporation.

     2.4  Change in Control with respect to any Participant means
an  event  or  transaction  which  results  in one or more of the
following  and  which  constitutes   a change in the ownership or
effective   control  of the corporation, or in the ownership of a
substantial  portion of the assets of the corporation, within the
meaning of Code Section 409A:

          (a)  The  acquisition by any unrelated person or entity
     of more  than  fifty percent (50%) of either the outstanding
     shares of  common  stock or the combined voting power of the
     Company's then  outstanding  voting  securities  entitled to
     vote generally in the election of directors;

<PAGE>

          (b)  The  sale  to  an  unrelated  person  or entity of
Company assets  that have a total gross fair market value of more
than eighty-five  percent (85%)  of  the  total gross fair market
value of all of  the  assets  of the Company immediately prior to
such sale;

          (c)  The approval by the shareholders of the Company of
a   reorganization, merger or consolidation with respect to which
persons  who  were  the  stockholders of  the Company immediately
prior  to  such  reorganization,  merger or consolidation do not,
immediately  thereafter, own more than fifty percent (50%) of the
combined voting  power entitled to vote generally in the election
of the directors  of  the  reorganized,  merged  or  consolidated
entity's then outstanding voting securities; or

          (d)  The acquisition by  any  person  or  entity (other
than  by  any  descendant  of  Otto  Bresky,  Senior or any trust
established  primarily for  the benefit of any descendant of Otto
Bresky, Senior  or  any  other  related person or entity) of more
than 50% of either  the  membership  interests  or  the  combined
voting power of Seaboard Flour, LLC.

     For  purposes of determining whether there has been a Change
in  Control under this Section 2.4, the attribution of  ownership
rules under Code Section 318(a) shall apply.

     2.5  Code  means  the  Internal  Revenue  Code  of 1986, any
amendments thereto, and any regulations issued thereunder.

     2.6  Committee means the Committee, which may consist of one
person, designated from time to time by the Company to administer
the Plan.

     2.7  Company   means   Seaboard   Corporation,  a   Delaware
corporation,  and  any  successors  to  the  business of Seaboard
Corporation.

     2.8  Company  Contribution  means  the  amount determined in
accordance  with  Article V that is an obligation of the Employer
and that  is  credited  to a Participant's Account .  The Company
Contribution  may  consist  of  a  "matching contribution" and an
"excess contribution".

     2.9  Compensation  means  the total salary and bonus payable
to the Participant  from  the  Employer  for  the   Participant's
services  during  a  calendar  year  subject  to  the   following
provisions  of  this  Section  2.9.   Compensation   specifically
excludes:  (a) reimbursements or other expense allowances, fringe
benefits  (cash  and  noncash),  moving  expenses,  and   welfare
benefits; (b) any  benefits  accrued  or  paid under the Seaboard
Corporation Executive Retirement Plan, as amended; (c) any amount
of taxable income recognized by the Participant upon the exercise
of an option  under  any option plan or program maintained by the
Company; (d)  any  amount  of  taxable  income  recognized by the
Participant as a  result  of  a distribution under this Plan; and
(e) any amount  allocated or  paid under the Seaboard Corporation
Executive Deferred Compensation Plan, as amended. For purposes of
determining the amount of the Company Contribution  that  is  the
excess contribution for a particular Plan Year, Compensation does
not  include the amount of a Participant's Deferral for such Plan
Year,  but  Compensation  does include the amount of any elective
contributions made by the  Participant  during the same period as
such Plan Year pursuant to a plan maintained by the Company where
such amount  is  not

<PAGE> 2

includable  in  gross  income  due  to  the provisions  of   Code
Sections 125, 401(k) or 132(f).  Notwithstanding the   foregoing,
for the  Plan Year beginning  September 1, 2005, Compensation for
purposes  of  a  Participant's  Deferral  Election and Deferrals,
shall include  only bonus payable to the Participant for services
rendered on or  after  September 1,  2005,  as  determined  under
Section 4.4, and  Compensation  for  purposes  of   the   Company
Contribution shall be based on the entire 2005 calendar year even
though the effective  date  of  the  Plan  is  September 1, 2005.
Compensation  shall  not  include  a  Participant's  Compensation
payable for any period  prior to  the   time   the    Participant
becomes  eligible  to participate in the Retirement Savings  Plan
for  Seaboard  Corporation, as amended.

     2.10 Deferral  means  the  portion  of  the salary  or bonus
payable to  a  Participant  that  is  deferred  for  a  Plan Year
pursuant to a  Deferral  Election  by  the  Participant  and   is
credited to the Participant's Account.

     2.11 Deferral Election means an election made hereunder by a
Participant  to  defer salary or bonus payable to the Participant
and  earned after the date of the Deferral Election as determined
hereunder.

     2.12 Disability  means  a period in which the Participant is
(i) unable  to  engage  in  any  substantial  gainful activity by
reason of  any  medically   determinable   physical   or   mental
impairment  which  can  be  expected to result in death or can be
expected to last for a  continuous  period  of  not  less than 12
months or (ii) by reason of  any  medically determinable physical
or mental impairment which  can be expected to result in death or
can be expected to last for  a continuous period of not less than
12 months, receiving income replacement  benefits for a period of
not  less  than 3  months  under an  accident   and  health  plan
sponsored by the Company.

     2.13 Distribution  Preference  Election  means  the election
made or deemed  made  by  a  Participant  governing  the  time of
payment of benefits hereunder to the Participant.

     2.14 Eligible Employee means an Employee who  is a member of
a  select  group  of  management or highly compensated employees,
taking into account for this purpose all employees of all Related
Companies; however,  an  Employee  who has been designated by the
Board as an Executive for purposes of the Annual Deferral Amount,
or for purposes of  both  the  Annual  Deferral  Amount  and  the
Company   Discretionary   Contribution,   under   the    Seaboard
Corporation Executive Deferred Compensation Plan, as amended, for
a year coinciding with a Plan Year under this Plan, shall  not be
an Eligible Employee for such Plan Year.

     2.15 Employee  means  any  individual  who  is  a   salaried
employee of an Employer.

     2.16 Employer  means the Company and any of its subsidiaries
or  affiliates  that participate in this Plan with the consent of
the  Company,  and  any  successors  to  the business of any such
participating  subsidiaries  or  affiliates.  The subsidiaries or
affiliates  participating  in  this Plan as of the effective date
are listed on Appendix A attached hereto.

     2.17 Investment  Options  means   the   investment   options
selected  by  the  Committee  from  time  to  time  among which a
Participant  may  direct  the investment of his or her Account in
accordance with procedures established by the Committee.

<PAGE> 3

     2.18 Matching Percentage.  "Matching Percentage" shall  mean
the   percentage  used   to   calculate  the  "Employer  Matching
Contributions" pursuant to Section 3.02 of the Retirement Savings
Plan for Seaboard Corporation, as such percentage may be  amended
from time to time.  The  Matching  Percentage  shall initially be
3 percent (3%).

     2.19 Investment  Return  means  the  amount   of   earnings,
gains  or  losses  applicable  to  the  Participant's  Account as
measured  by  the  Investment  Options applicable pursuant to the
Participant's direction or as otherwise provided herein.

     2.20 Participant  means  any   Eligible   Employee  who   is
designated as eligible to participate in the Plan for purposes of
Deferrals  and  who  makes  a  Deferral  Election  as provided in
Section 3.1.  Participant  also  means  any Eligible Employee who
satisfies  the  requirements  for  participation  for purposes of
Company  Contributions  as  provided in Section 3.2.  Participant
also  means  any  individual  for  whom  an Account is maintained
hereunder.

     2.21 Plan  means  the  Seaboard   Corporation   Nonqualified
Deferred  Compensation Plan, as set forth herein and as from time
to time amended.

     2.22 Plan Year means the 12-month period beginning January 1
and  ending  December 31;  provided, however, that the first Plan
Year  shall  be  September 1, 2005,  through   December 31, 2005.
Except  with  respect to the first Plan Year, the Plan Year shall
always coincide with the calendar year.

     2.23 Related  Company  means  any corporation (including the
Company)  which is a member of a controlled group of corporations
(as  defined  in  Code Section 414(b)) that includes the Company.

     2.24 Separation   from   Service   means   a   Participant's
separation  from  service  with  the  Employer  and  all  Related
Companies within the meaning of Code Section 409A.

     2.25 Unforeseeable   Emergency    means   an   unanticipated
emergency  that  is  caused by an event beyond the control of the
Participant that would result in severe financial hardship to the
Participant resulting from (i) a sudden and unexpected illness or
accident of  the  Participant  or a dependent of the Participant,
(ii) a loss of  the  Participant's  property due  to casualty, or
(iii) such other  extraordinary  and unforeseeable  circumstances
arising  as  a  result  of  events  beyond  the  control  of  the
Participant, all as  determined  in  the  sole  discretion of the
Committee.

                           ARTICLE III
                          PARTICIPATION

     3.1  Participation  for  Deferrals.   The   Committee   will
designate those  Eligible  Employees  who are  eligible  to  make
Deferral  Elections for a particular Plan Year.  Such designation
will  be by  written communication to such Eligible Employees and
will  be  effective  on  the  date of such written communication.
Once  an Eligible Employee has been designated under this Section
3.1,  he  or  she  may   make  a  Deferral Election for the first
Plan  Year  stated  in  such  written  designation  and  for each
subsequent  Plan  Year  until  the  first  to  occur  of  (1) the
Participant's Separation from Service, or (2)  a  written  notice
from  the  Committee delivered prior

<PAGE> 4

to the first day of the Plan  Year  for  which  it  is  effective
advising  the Participant that he  or she is  no  longer eligible
to make a Deferral Election.

     3.2  Participation  for Company Contributions.  Any Eligible
Employee  who  has  satisfied the requirements for eligibility to
participate  in  the  Retirement   Savings   Plan   for  Seaboard
Corporation, as amended from time to time (the "401(k) Plan") for
a Plan Year and whose Compensation for a Plan Year is  in  excess
of the maximum amount of compensation determined pursuant to Code
Section 401(a) (17)  that  is  permitted to be taken into account
under the 401(k) Plan  for the  plan year of the 401(k) Plan that
ends  within such Plan Year, will be a Participant  for  purposes
of  the  Company Contribution for that Plan Year.

                           ARTICLE IV
                       DEFERRAL ELECTIONS

     4.1  Method. A Deferral Election shall be made in writing on
a form provided by  the Committee and shall be submitted  to  the
Committee in such manner as the Committee determines.  A Deferral
Election  will  not  be  valid unless  it  is  submitted  to  the
Committee in the manner required.

     4.2  Irrevocable.  A    Deferral    Election   will   become
irrevocable  on  the  last  day  established  by  the   Committee
(in accordance with the  provisions hereunder) for submitting the
Deferral  Election  to  the  Committee; provided, however, in the
case of a Deferral Election that  is  submitted under Section 4.4
after the first day of a Plan  Year,  the Deferral Election shall
become irrevocable at the time the Deferral Election is submitted
to the Committee. Notwithstanding  the  preceding  provisions  of
this Section 4.2, a Deferral Election made by a Participant on or
before September 30, 2005  applicable for the Plan Year beginning
September 1, 2005 and  ending December 31, 2005, may be cancelled
by the Committee or  by  the  Participant, or the Participant may
reduce the amount of Compensation to be deferred pursuant to that
election, provided  any  such  cancellation  or reduction  by the
Participant is submitted  in  writing  by  the Participant to the
Committee in such form  as required by the Committee on or before
December 31, 2005. Any  Compensation  amount  that  ceases  to be
subject to a Deferral  Election  under  the preceding sentence of
this Section 4.2 must be paid to the Participant in such calendar
year as such amount would have become vested and been paid to the
Participant absent the  Participant's  initial  Deferral Election
with respect to such amount.

     4.3  Compensation Deferred.  A Deferral Election shall apply
only  to  Compensation  for services performed after the date the
Deferral Election becomes irrevocable as determined hereunder.

     4.4  Deferral  Election  for  First  Year  of   Eligibility.
Subject to  the  last  sentence of this Section  4.4, an Eligible
Employee who is  designated  under  Section 3.1 in the first Plan
Year of the Plan, or an Eligible Employee who is designated under
Section 3.1 for  the  first  time  in a subsequent Plan Year, may
elect to make Deferrals  provided  he  or  she submits a Deferral
Election   to  the  Committee  by  such  time  as  the  Committee
determines, but in no event later than 30 days after the date the
Eligible Employee first  becomes  eligible  to  participate   for
Deferrals under Section  3.1.  If  a Participant makes a Deferral
Election under this  Section 4.4  after  the  first day of a Plan
Year, and if the Deferral  Election applies to a bonus payable to
the Participant,  then

<PAGE> 5

the  amount  of  the  Participant's  bonus  that  is deemed to be
payable for services performed after the Deferral  Election shall
be  determined  by  multiplying  the  total bonus  payable  by  a
fraction,  the  denominator  of which is the total number of days
in the performance period for which the bonus is payable, and the
numerator  of  which  is  the  number  of  days remaining in such
performance  period  after  the  date  the Participant's Deferral
Election  becomes  irrevocable.  Notwithstanding  the   preceding
provisions  of  this  Section 4.4,  if  at  the  time an Eligible
Employee becomes first eligible  as  a  Participant for Deferrals
under  Section 3.1, the Eligible Employee is or has been eligible
as a Participant for Company Contributions under Section  3.2, or
if  the  Eligible  Employee  then  participates  in  any    other
nonqualified deferred compensation plan of a Related Company that
is  subject  to  Code Section 409A and that is an account balance
plan  within the  meaning  of  Code  Section  409A,   then    the
Participant's Deferral Election will only be effective  if  it is
submitted to the Committee at the time provided in Section 4.5.

     4.5  Deferral Elections for Subsequent Years of Eligibility.
A  Participant's  Deferral Election for a Plan Year subsequent to
the first  Plan Year in which a Participant is eligible to make a
Deferral  Election  must  be  made  at such time as the Committee
determines,  but  in no event later than the last day of the Plan
Year preceding  the  Plan Year for which the Deferral Election is
effective.

     4.6  Minimum Annual Deferral.  Notwithstanding the foregoing
provisions  of  this  Article IV,  a  Participant  may not make a
Deferral  Election  for  a  Plan  year  unless  the Participant's
Deferral  Election  for  such  Plan  Year provides for a Deferral
amount  that  is  determined  by  the  Committee  to  be at least
$10,000.  Such determination will be  made by the Committee prior
to the date the Deferral Election  becomes irrevocable hereunder.

                            ARTICLE V
                      COMPANY CONTRIBUTIONS

     5.1  Participation.  As  soon as  administratively feasible,
a Company Contribution will be credited  to the Accounts of those
Participants determined by the Committee under Section 3.2.

     5.2  Amount.   The amount of a Company Contribution credited
on  behalf of a Participant for a Plan Year will equal the sum of
(a) the Matching Percentage times the Participant's Deferral  for
such  Plan  Year,  and  (b)  the  Matching  Percentage  times the
Participant's Compensation for the Plan Year that is in excess of
the maximum amount of compensation determined  pursuant  to  Code
Section 401(a)(17) that is  permitted  to  be  taken into account
under the 401(k) Plan for the plan year of the 401(k)  Plan  that
ends within such Plan Year.

                           ARTICLE VI
                 ACCOUNTS AND INVESTMENT RETURN

     6.1  Account    Adjustments    for    Deferrals,     Company
Contributions and  Distributions.  All Deferrals of a Participant
with   respect to  a   Plan  Year  will   be  credited   to   the
Participant's Account as  soon as administratively feasible after
the date on which the Deferral would  have  been  paid  in   cash
absent  the  Deferral  Election applicable to such Deferral.  All

<PAGE> 6

Company Contributions  made  on  behalf  of  a  Participant  with
respect to a Plan  Year  will  be credited  to the  Participant's
Account  at  such  time  or   times  as  determined    by     the
Committee.   Any  distribution   from   a Participant's   Account
will be charged to the Account as of the time of the distribution.

     6.2  Account   Adjustments   for   Investment   Return.    A
Participant's  Account  will  be  deemed  invested in one or more
Investment   Options   as  directed  or  deemed  directed  by the
Participant pursuant to  procedures established by the Committee.
At such times as determined by the Committee, and at such time as
provided  under  Section 7.11,  the  Investment  Return  will  be
credited (in the case of net earnings) or charged (in the case of
net losses) to the Participant's Account.

     6.3  Vesting.  A  Participant will be fully vested in his or
her Account at all times.

                           ARTICLE VII
                          DISTRIBUTIONS

     7.1  Distribution Preference Elections.  A Participant shall
make,  or  be deemed to make, a separate Distribution  Preference
Election   with  respect  to  each  Plan  Year.   A  Distribution
Preference  Election  will  apply  to  the  distribution  of  all
Deferrals   and   Company   Contributions   allocated   to    the
Participant's  Account with respect to a Plan Year,  as  adjusted
thereafter  for  Investment Return.  The Distribution  Preference
Election  will designate the date for the payment by the Employer
to  the  Participant of the amounts subject to  the  Distribution
Preference Election.  Except as provided in Section 7.2,  payment
by  the  Employer  will  be made on the date  designated  in  the
applicable  Distribution  Preference  Election  or  as  soon   as
administratively feasible following such date, but  in  no  event
later than the time required for payment as of a designated  date
under  Code Section 409A.  The form of payment will always  be  a
lump sum payment.

     7.2  Subject  to   Mandatory  Distribution  Provisions.  Any
Distribution Preference Election hereunder,  whether  an   actual
election or a deemed election, shall be subject  to the mandatory
distribution   provisions  of   Sections  7.6, 7.7, 7.8  and 7.9.

     7.3  Election Form.  A   Distribution   Preference  Election
(other  than a deemed election) must be made in writing on a form
provided by the Committee and shall be submitted to the Committee
in  such  manner  as  the  Committee  determines.  A Distribution
Preference  Election  will not be valid unless it is submitted to
the Committee in the manner required.

     7.4  Time  of  Initial  Election  or  Deemed Election.  If a
Participant  makes  a  Deferral Election for a Plan Year, then at
the    time   the  Participant  makes  the  Deferral Election the
Participant may also make a Distribution Preference Election.  If
the Participant fails to make a Distribution  Preference Election
at such time, or if the Participant  does  not  make  a  Deferral
Election for a Plan Year but a Company  Contribution  is  made on
behalf   of   the   Participant   for   such  Plan Year, then the
Participant  shall  be  deemed   to   have   made  a Distribution
Preference Election applicable to all  amounts allocated  to  the
Participant's Account for such Plan Year,  as adjusted thereafter
for Investment Return, of a lump sum payment payable on the first
day of the fifth Plan Year following such Plan Year.

<PAGE> 7

     7.5  Subsequent   Distribution   Preference   Election.    A
Participant  may   change  any  existing  Distribution Preference
Election (whether  it  was made by the Participant or deemed made
by  the   Participant)   by  filing  a  subsequent   Distribution
Preference Election with the  Committee;  provided,  however,   a
subsequent Distribution Preference Election will not be effective
unless it satisfies all of the following requirements:

          (a)  A subsequent  Distribution Preference Election may
     not take  effect until at least twelve months after the date
     on which it is filed by the Participant.

          (b)  A subsequent Distribution Preference Election  may
     not be  filed  less  than  twelve  (12)  months prior to the
     designated distribution date under the existing Distribution
     Preference Election.

          (c)  The  payment  that  is  subject  to the subsequent
     Distribution  Preference  Election  may  not be made earlier
     than five (5) years after  the  designated distribution date
     under the existing Distribution Preference Election.

     A  Participant may make one or more subsequent  Distribution
Preference Elections without regard to the preceding requirements
of  this  Section  7.5 provided any such subsequent  Distribution
Preference  Election  is  made on or before  December  31,  2006.
Notwithstanding the preceding sentence, a subsequent Distribution
Preference  Election made in 2006 shall not apply to  any  amount
otherwise  to  be  distributed in 2006, and shall  not  cause  an
amount  to  be  distributed  in  2006  that  would  otherwise  be
distributed in a later year.

     7.6  Mandatory Distribution Upon Separation from Service. In
the event of a Participant's Separation from Service, then unless
the  Participant's  Account  is  to  be distributed earlier under
another  provision of this Article VII, the Participant's Account
will  be  distributed  by the  Employer to the Participant  in  a
lump  sum  payment as soon as administratively feasible after the
date  that  is six months after the Participant's Separation from
Service.

     7.7  Mandatory  Distribution Upon Change in Control.  In the
event  of  a  Change  in  Control,  then unless the Participant's
Account is to  be  distributed earlier under another provision of
this Article  VII,  the Participant's Account will be distributed
by the  Employer to the Participant in a lump sum payment as soon
as  administratively  feasible  following  the occurrence of such
Change of Control.

     7.8  Mandatory Distribution Upon Disability. In the event of
the  Disability of the Participant, then unless the Participant's
Account  is  to be distributed earlier under another provision of
this Article  VII,  the Participant's Account will be distributed
by the Employer to  the Participant in a lump sum payment as soon
as administratively  feasible following the determination of such
Disability.

     7.9  Mandatory Distribution Upon Death.  In the event of the
death  of the Participant, then the Participant's Account will be
distributed by the Employer to the Participant's Beneficiary in a
lump sum  payment  as soon as administratively feasible following
the Participant's death.

<PAGE> 8

     7.10 Distribution   Upon  Unforeseeable  Emergency.  If  the
Committee  determines  that  a  Participant  has an Unforeseeable
Emergency,  then  upon the written request of the Participant the
Committee  may  direct  the  Employer   to   distribute   to  the
Participant an  amount that shall not exceed the amount necessary
to satisfy such  emergency  need  plus  amounts  necessary to pay
taxes reasonably anticipated  as  a  result  of the distribution,
after taking into account  the extent to which the such emergency
is or may be  relieved  through  reimbursement or compensation by
insurance or  otherwise,  or by  liquidation of the Participant's
assets, to the  extent  the  liquidation of such assets would not
itself cause severe financial hardship.

     7.11 Adjustments  to  Accounts.  At any time a Participant's
entire  Account is to be distributed hereunder, the Participant's
Account shall be adjusted, as provided in Section 6.1 and Section
6.2,  prior  to  the  date  of  distribution  and  as  near    as
administratively feasible to the date of distribution.

                          ARTICLE VIII
                    AMENDMENT OR TERMINATION

     The  Board may, in its sole discretion, at any time and from
time  to  time, amend, in whole or in part, any of the provisions
of the Plan or may terminate it as a whole or with respect to any
Participant  or  group  of Participants;  provided,  however,  no
amendment or termination shall accelerate or postpone the time of
any distributions hereunder.

                           ARTICLE IX
                         ADMINISTRATION

     9.1   Committee.  The Board will appoint,  or  delegate  the
appointment  of,  a  Committee  to  administer  the  Plan.    The
Committee  will act by a majority of its members  except  to  the
extent   it   has  delegated  responsibilities  hereunder.    The
Committee  will have the following powers, rights and  duties  in
addition to those granted to it elsewhere in the Plan:

     (a)  To adopt such rules of procedure and regulations as, in
          its  opinion,  may  be  necessary  for  the  proper and
          efficient  administration  of  the  Plan  and  as   are
          consistent with the provisions of the Plan.

     (b)  To enforce  the  Plan  in accordance with its terms and
          with  such  applicable  rules and regulations as may be
          adopted.

     (c)  To  construe  and interpret the Plan in the Committee's
          sole discretion, and to determine all questions arising
          under the  Plan,  including  the power to determine the
          rights of Participants  and their beneficiaries and the
          amount of their respective benefits.

     (d)  To  maintain and keep  adequate  records concerning the
          Plan  and  concerning  its proceedings and acts in such
          form and detail as the Committee may decide.

     (e)  To direct all payments of benefits under the Plan.

<PAGE> 9

     9.2  Delegation.  In exercising its authority to control and
manage  the  operation  and  administration  of  the  Plan,   the
Committee may employ agents and counsel (who may also be employed
by the Company) and delegate to them such powers as the Committee
deems desirable.

     9.3  Information to be Furnished. The Employer shall furnish
the  Committee  or its delegates such data and information as may
be  required.  The records  of the Employer as to a Participant's
Separation from Service,  Compensation,  Beneficiary  designation
and elections hereunder will be conclusive on all  persons unless
determined to be incorrect.

     9.4  Committee's Decision Final.  Any  interpretation of the
Plan  and any decision on any matter within the discretion of the
Committee  made  in  good  faith  is  binding  on all persons.  A
misstatement or other mistake of fact shall be  corrected when it
becomes known, and the Committee shall  make  such  adjustment on
account thereof as it considers equitable and practicable.

     9.5  Remuneration and Expenses.  No  remuneration  shall  be
paid to  any  Committee  member  for  services  hereunder.    All
expenses of a Committee member incurred in the performance of the
administration of the Plan shall be reimbursed by the Company.

     9.6  Indemnification of Committee Member.  The Committee and
the  individual  members  thereof  shall  be  indemnified  by the
Company  against  any  and  all  liabilities,  losses, costs, and
expenses  (including  fees  and  expenses) of whatsoever kind and
nature which may  be  imposed on, incurred by or asserted against
the Committee  or  the  members by reason of the performance of a
Committee  function  if the Committee or such members did not act
dishonestly  or  in  willful or negligent violation of the law or
regulations  under  which  such  liability, loss, cost or expense
arises.

     9.7  Resignation or Removal of Committee Member. A Committee
member may resign at any time by  giving  ten  (10) days  advance
written notice to the  Company  and  the other Committee members.
The Company may remove  a  Committee  member  by  giving  advance
written notice to him or her, and the  other  Committee  members.

     9.8  Interested   Committee    Member.  A   member  of   the
Committee may  not  decide  or  determine any  matter or question
concerning his or her own benefits under the Plan.

                            ARTICLE X
                        CLAIMS PROCEDURE

     10.1  Claim.   Any person claiming a benefit, requesting  an
interpretation   or   ruling  under  the  Plan,   or   requesting
information under the Plan shall present the request  in  writing
to  the  Committee  which shall respond in  writing  as  soon  as
practicable.

     10.2 Denial of Claim. If the claim or request is denied, the
written notice of denial shall be made within ninety (90) days of
the date of receipt of such claim or request by the Committee and
shall state:

<PAGE> 10

     (a)  The reason for denial, with  specific  reference to the
          Plan provisions on which the denial is based.

     (b)  A description of any additional material or information
          required and an explanation of why it is necessary.

     (c)  An explanation of the Plan's claim review procedure.

     10.3 Review of Claim.  Any person whose claim or request  is
denied or who has not received a response within ninety (90) days
may  request  review by notice given in writing to the  Committee
within  sixty  (60) days of receiving a response or  one  hundred
fifty  (150)  days from the date the claim was  received  by  the
Committee.  The  claim or   request   shall   be reviewed  by the
Committee  who  may,  but  shall not be required  to,  grant  the
claimant  a   hearing.  On review,   the    claimant   may   have
representation,  examine pertinent documents, and  submit  issues
and comments in writing.

     10.4 Final Decision.  The decision on review  shall normally
be made within sixty (60) days after the Committee's receipt of a
request  for  review.  If  an extension of time is required for a
hearing  or  other  special  circumstances, the claimant shall be
notified  and  the  time  limit shall be one hundred twenty (120)
days after the Committee's  receipt of a request for review.  The
decision  shall  be  in  writing  and shall state the reasons and
relevant plan provisions.  All decisions on review shall be final
and bind all parties concerned.

                           ARTICLE XI
                          MISCELLANEOUS

     11.1 Captions.  The   captions   of   articles,    sections,
paragraphs  and  subparagraphs  of  this Plan are for convenience
only and shall not  control or affect the meaning or construction
of any of  its provisions.

     11.2 Company Action.  Except as may be specifically provided
herein,   any  action  required  or  permitted to be taken by the
Company may be taken on behalf of  the  Company by any officer of
the Company.

     11.3 Terms.  Where  the context permits, words in the plural
shall  include  the  singular,  and  words  in the singular shall
include the plural.

     11.4 Governing Law.  Except   to  the extent governed by the
Employee Retirement Income Security  Act of 1974, as amended, the
provisions  of  this Plan  shall be   construed  and  interpreted
according to the laws of the state of Kansas.

     11.5 Nonassignability.  Neither a Participant  nor any other
person  shall  have any right to commute, sell, assign, transfer,
pledge,  anticipate, mortgage or  otherwise encumber, hypothecate
or convey  in  advance  of  actual  receipt  the amounts, if any,
payable hereunder, or any part thereof, which are, and all rights
to  which  are, expressly  hereby declared to be unassignable and
nontransferable.  No part  of the amounts payable shall, prior to
actual payment, be subject  to  seizure  or  separation  for  the
payment of any debts, judgments, alimony or separate

<PAGE> 11

maintenance  owed  by  a  Participant or any other person, nor be
transferable by operation of law in the event of a  Participant's
or   another person's bankruptcy or insolvency.

     11.6 Tax Obligations.   The Employer will withhold from that
portion  of  the  Participant's  Compensation  that  is not being
deferred,   in   a   manner   determined   by  the  Employer, the
Participant's   share  of  FICA   and  other  employment taxes on
Deferrals and Company Contributions.  The  Employer will withhold
from  any  payments  made  to  a  Participant  under the Plan all
federal, state and  local  income,  employment and   other  taxes
required to be withheld  by  the Employer in connection with such
payments, in amounts and in a manner to be determined in the sole
discretion of the Employer.

<PAGE> 11

     11.7 Not a Contract of Employment.  The terms and conditions
of   this  Plan  shall  not be deemed to constitute a contract of
employment  between  any  Employer  and  any  Participant  or any
Eligible Employee.  Such employment is hereby acknowledged  to be
an "at will" employment relationship that can  be  terminated  at
any time for any reason, or no reason, with or without cause, and
with or without notice, unless otherwise expressly  provided in a
written employment agreement.  Nothing   in  this  Plan  shall be
deemed to give a Participant the right  to  be  retained in   the
service of any Employer or to interfere  with  the  right  of  an
Employer to discipline or discharge the Participant at any  time.

     11.8 Participant Cooperation.  A Participant  will cooperate
by furnishing any and  all   information  requested  in  order to
facilitate the payment  of  benefits  hereunder  and  such  other
action as may be requested by the Committee or the Company or the
Employer.

     11.9 Successors.  The provisions of this Plan shall bind the
Company, the Employer and their successors and assigns.  The term
successors as used herein shall include any  corporate  or  other
business entity which shall, whether  by  merger,  consolidation,
purchase or otherwise  acquire  all  or  substantially all of the
business   and   assets   of   the  Company  or the Employer, and
successors of any such corporation or other business entity.

     11.10 Unsecured   General  Creditor.  Participants and their
beneficiaries,   heirs,   successors,  and  assigns  will have no
secured interest or  claim  in any  property or  assets  of   any
Related Company whether  or  not such  assets are held in a trust
that may be used for the purpose of  paying   benefits hereunder.
For purposes of the Plan, any and   all  of any Related Company's
assets shall be, and remain, the general,   unpledged,  assets of
the Related Company. The  Employer's  obligation  under the  Plan
shall be merely that of an  unfunded and unsecured promise of the
Employer to pay money in the  future.  No Employer shall have any
obligation under this Plan with respect to individuals other than
that Employer's employees.

     11.11 Validity. In case any provision of this Plan shall be
held   illegal  or  invalid  for  any reason, said illegality or
invalidity shall not affect the remaining parts hereof, but this
Plan shall  be  construed  and  enforced  as if such illegal and
invalid provision had never been inserted herein.

     11.12 Waiver  of Notice. Any notice required under the Plan
may be waived by the person entitled to notice.

<PAGE> 12

     The  Company hereby agrees to the provisions of  this  Plan,
and,  in  witness thereof, the Company causes this  Plan  to  be,
executed on this 29th day of December, 2005.

                                        SEABOARD CORPORATION

                                        By: /s/ Robert L. Steer

<PAGE> 13

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