Document:

Amendment to Severance Agreement

 Exhibit 10.3 
 April 6, 2012 
 Thomas A. Masilla, Jr. 

365 Canal Street 
 Suite 2900 

New Orleans, LA 70130 
 Dear Tom: 

The purpose of this letter is to amend that certain Severance Agreement between you and Westway Group, Inc. (the “Company”), dated as of
June 26, 2010 (the “Severance Agreement”). For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, you and the Company agree that the Severance Agreement is hereby amended as follows:

 1.     Section 1(a) of the Severance Agreement is amended and restated in its entirety to read as follows:

 The term of this Agreement shall commence on the Effective Date and expire at the end of the month in which the Executive
reaches age 70; provided, however, that if a Change in Control occurs prior to the last day of the month in which the Executive reaches age 70 and the Executive is still employed by the Company on the date of such Change in Control, the term of this
Agreement shall not end until the date on which the Executive’s employment terminates. 
 2     Section 1(c) of
the Severance Agreement is amended and restated in its entirety to read as follows: 
 Following the expiration of the Term, the
Company will have no further obligations to the Executive under this Agreement (other than with respect to payments and benefits owing to the Executive as of such expiration). 
 3.     The first sentence of Section 2 of the Severance Agreement is amended and restated in its entirety to read as follows: 

The Executive is currently employed as Chief Financial Officer of the Company and shall report to, and take direction from, the Chief
Executive Officer, the Audit Committee (including the Chairman of the Audit Committee) and the Board of Directors of the Company. 
 4.
    Pursuant to Section 3(a) of the Severance Agreement, effective as of January 1, 2012, your Base Salary has been increased to $400,000. 
 5.     Section 4(c) of the Severance Agreement is amended and restated in its entirety to read as follows: 
 “Constructive Termination” for purposes of this Agreement shall mean the Executive’s resignation from employment on or after any of the following events (to the extent not cured in
accordance with Section 7 hereof, if applicable): (1) a reduction in Base Salary or Benefits; (2) any requirement that the Executive’s services be rendered primarily at a location or locations other than the Company’s
corporate offices in New Orleans, Louisiana; (3) a material diminution by the Company of the Executive’s roles and responsibilities as Chief Financial Officer of the Company; (4) any material breach of this Agreement or the spirit of
this Agreement by the 

 
Company; (5) the creation of a hostile work environment whereby the Executive is unable to carry out the duties and responsibilities of the Executive’s roles and responsibilities as
Chief Financial Officer of the Company; or (6) the occurrence of a Change in Control (provided that the Executive may terminate his employment at any time and for any reason following a Change in Control and such termination will be deemed a
Constructive Termination for all purposes of this Agreement and in the event that the Executive elects to terminate his employment following a Change in Control, the Company shall not have any cure rights under Section 7 hereof). 

6.     The second sentence of Section 5 of the Severance Agreement is amended and restated in its entirety to read as follows:

 Upon the Company’s termination of the Executive for Cause or the Executive’s resignation (other than for death or
Disability or due to a Constructive Termination), Executive shall be entitled to receive only that portion of Executive’s Base Salary earned, but unpaid, as of the date of termination, payable no later than 30 days after Executive’s date
of termination. 
 7.     Section 6(b) of the Severance Agreement is amended and restated in its entirety to read as
follows: 
 a pro-rata portion of the Executive’s Annual Bonus earned in the year of termination, measured as of the date of
termination, paid at the same time as all other Company annual bonuses are paid for the year in which Executive’s employment terminates, but in no event later than March 15 of the calendar year following the year in which Executive’s
employment terminates (provided that, following the occurrence of a Change in Control, the amount payable under this clause (b) shall not be less than $274,643); 
 8.     Section 6(d) of the Severance Agreement is amended and restated in its entirety to read as follows: 
 a lump sum payment (the “Severance Payment”) equal to 2.33 times the sum of (x) Executive’s Base Salary in effect at the time of such termination, and (y) the cash portion of
Executive’s Annual Bonus in respect of the calendar year immediately preceding the calendar year in which such termination occurs (provided that, following the occurrence of a Change in Control, the amount determined under this clause
(y) shall not be less than the cash portion of the Executive’s Annual Bonus in respect of the calendar year immediately preceding the calendar year in which the Change in Control occurred). Payment of the Severance Payment will be made in
cash; and 
 9.     The last sentence of Section 7 of the Severance Agreement is amended and restated in its entirety
to read as follows: 
 In the event that the Company fails to remedy the condition giving rise to the Constructive Termination
during the Cure Period (to the extent applicable), Executive must deliver notice to the Company that the condition has not been remedied and that he is terminating his employment due to a Constructive Termination, which for purposes of this
Agreement, will constitute a termination Without Cause and shall entitle him to the benefits provided herein relating to such a termination. 

10.     Section 9 of the Severance Agreement is amended to clarify the parties’ intent that the Base Salary payment will be
made in a lump sum within 60 days after your termination due to death or Disability. In addition, the following sentence is added to the end of Section 9 of the Severance Agreement to read as follows: 

 Notwithstanding the foregoing or anything contained in this Section 9 or elsewhere in
this Agreement to the contrary, in the event that, following the occurrence of a Change in Control, the Executive dies or is terminated by the Company due to Disability, then such termination shall be treated as a termination Without Cause and shall
entitle the Executive (or his estate or beneficiary, as applicable) to receive the Accrued Obligations, the Severance Payments and the Equity Benefits, rather than the payments and benefits set forth in the immediately preceding sentence.

 11.     Section 10(a) of the Severance Agreement is amended and restated in its entirety to read as follows:

 In the event that any payments or benefits owed to the Executive under this Agreement or otherwise (when combined with any
other payments or benefits owed to the Executive) would subject the Executive to the excise tax under Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), as determined by the Company (after consultation with
KPMG LLP as the Executive’s representative), then the payments and benefits owed to the Executive shall be reduced by the minimum amount necessary to eliminate the application of such excise tax. Any such reduction in payments and benefits
shall be applied first against the pro-rata bonus under Section 6(b) hereof; second against the remaining scheduled cash payments (reduced in the order of latest scheduled payments to earliest scheduled payments); third against any equity or
equity derivatives that are included under Section 280G of the Code at full value rather than accelerated value, with the highest value reduced first; fourth against any equity or equity derivatives included under Section 280G of the Code
at an accelerated value (and not at full value), with the highest value reduced first (as such values are determined under Treasury Regulation Section 1.280G-1, Q&A 24); and fifth against any other non-cash benefits (reduced in the order of
the latest scheduled benefit to the earliest scheduled benefit). 
 12.     The first sentence of Section 10(h) of the
Severance Agreement is deleted. 
 13.     A new Section 10(i) is added to the Severance Agreement to read as follows:

 To the extent that the Executive is required to execute a Release in order to receive the Severance Payment, such Release must
be effective within 60 days after the termination date. In the event that such 60 day period overlaps two calendar years, to the extent required by Code Section 409A, any portion of the Severance Payment that would otherwise be paid in such
first taxable year shall be withheld and paid on the first business day of such second taxable year, with all remaining payments to be made as if no such delay had occurred. No amounts payable hereunder as a result of the Executive’s
termination of employment shall be paid unless and until such termination constitutes a “separation from service” as defined in Code Section 409A. 
 14.     A new Section 23, Section 24, Section 25 and Section 26 are hereby added to the Severance Agreement to read as follows: 

23.     Transition Services. In the event that the Executive notifies the Company that he intends to resign due to a
Constructive Termination under clause 6 of the definition thereof prior to the six month anniversary of such Change in Control, the Executive agrees that the Executive shall, if requested by the purchaser of the Company in such Change in Control,
reasonably assist such purchaser by providing transition services through the six month anniversary of such Change in Control, provided that the Executive shall receive compensation and benefits for such services that are no less favorable in the
aggregate than those in effect immediately prior to such Change in Control, and Executive shall provide such transition services at the Company’s corporate offices located in New Orleans, Louisiana. 

 24. Rabbi Trust. Upon the occurrence of a Change in Control, the Company shall, or
shall cause the acquiring company or one of its affiliates to, establish an irrevocable “rabbi trust” (within the meaning of Revenue Procedure 92-64) to the extent not already established, and at the time of such Change in Control, deposit
with the trustee thereof an amount equal to the sum of the Severance Payment (calculated as of the date of such Change in Control), plus the Executive’s target bonus opportunity for the year prior to the year in which the Change in Control
occurs. All assets held in such rabbi trust shall at all times remain subject to the claims of the Company’s general unsecured creditors and the Executive’s rights thereunder shall be no greater than the rights of a general unsecured
creditor of the Company. Amounts held by such rabbi trust shall be invested in an interest bearing “money market” account, with such interest being the property of the Company. Upon the Executive’s termination of employment following
a Change in Control, the funds held in such rabbi trust shall be used solely to satisfy the Company’s severance obligations to the Executive (with any shortfall being paid by the Company and any overfunding reverting to the Company).

 25. Beneficiary. In the event of the Executive’s death, all amounts payable to the Executive hereunder shall be
paid to his spouse, or if none, to his estate. 
 26. Survival. The provisions of Sections 1, 4 and 10 through and
including 26 shall survive any termination of employment and expiration of the Term in accordance with their terms. 
 The laws of the State of
Louisiana (without giving effect to its conflicts of law principles) govern all matters arising out of or relating to this letter agreement, including, without limitation, its validity, interpretation, construction, performance, and enforcement. You
and the Company may bring a legal action or proceeding against any other party arising out of or relating to this letter agreement in the United States District Court for the Eastern District of Louisiana or in any court of the State of Louisiana
sitting in New Orleans, Louisiana. 
 Except as otherwise amended herein, the Severance Agreement shall remain in full force and effect in
accordance with the terms thereof. 
 The letter agreement may be executed in two or more counterparts (including by facsimile transmission or
electronic transmission in “portable document format”), any one of which shall be deemed the original without reference to the others. 
  

					
	WESTWAY GROUP, INC.	 		 	THOMAS A. MASILLA, JR.
			
	  /s/ Francis P. Jenkins, Jr.	 		 	  /s/ Thomas A. Masilla, Jr.
	 By:    Francis P. Jenkins, Jr.
 Title: ChairmanRabbi Trust Agreement

 Exhibit 10.4 
 TRUST AGREEMENT UNDER 
 SEVERANCE AGREEMENT 

THIS TRUST AGREEMENT made this 6th day of April, 2012, by and between Westway Group, Inc., a Delaware corporation (hereinafter referred to as the
“Company”) and Capital One, N.A., a Virginia corporation (hereinafter referred to as the “Trustee”) (the “Trust Agreement”); 
 WHEREAS, the Company has entered into a Severance Agreement, dated as of June 26, 2010 with Thomas A. Masilla, Jr. (the “Executive”) as amended from time to time (the “Severance
Agreement”); and 
 WHEREAS, the Company desires to establish an irrevocable trust (hereinafter referred to as the
“Trust”) and to contribute to the Trust on or prior to the date of a Change in Control (as defined in the Severance Agreement) assets that shall be held therein, subject to the claims of the Company’s unsecured general creditors in
the event of the Company’s insolvency, as herein defined, until paid as provided herein and pursuant to the terms of the Severance Agreement; and 
 WHEREAS, it is the intention of the parties that this Trust shall constitute an unfunded arrangement and shall not affect the status of the Severance Agreement as being exempt from the general
requirements of the Employee Retirement Income Security Act of 1974, as amended; 
 NOW, THEREFORE, the parties do hereby
establish the Trust and agree that the Trust shall be comprised, held and disposed of as follows: 
  

	1.	Establishment of Trust. 

  

	 	(a)	The Company shall deposit with the Trustee in trust, on or before the date of a Change in Control, an amount in cash equal to $2,247,201, which shall become the
principal of the Trust to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. 

  

	 	(b)	The Trust hereby established shall be irrevocable. 

  

	 	(c)	The Trust is intended to be a grantor trust, of which the Company is the grantor, within the meaning of subpart E, Part I, subchapter J, chapter 1, subtitle A of the
Internal Revenue Code of 1986, as amended, and shall be construed accordingly. 

  

	 	(d)	The principal of the Trust, and any earnings thereon shall be held separate and apart from other funds of the Company and shall be used exclusively for the uses and
purposes of providing the benefits under the Severance Agreement that are described on Exhibit A attached hereto (the “Severance Benefits”), as well as unsecured general creditors as herein set forth. Neither the Executive nor any
of his beneficiaries shall have any preferred claim on, or any beneficial ownership interest in, any assets of the Trust. Any rights created under the Severance Agreement and this Trust Agreement shall be mere unsecured contractual rights of the
Executive and any beneficiaries against the Company. Any assets held by the Trust will be subject to the claims of the Company’s unsecured general creditors under federal and state law in the event of insolvency, as defined in Section 3(a)
herein. Accordingly, the Company shall not create a security interest in any assets held by the Trust in favor of the Executive, any beneficiaries or any of the Company’s creditors. 

	 	(e)	The Company, in its sole discretion, may at any time, or from time to time, make additional deposits of cash or other property to the Trust (as are consistent with the
operational and administrative requirements of the Trustee) to augment the principal to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. Neither the Trustee nor the Executive or any beneficiary shall have any
right to compel such additional deposits. 

  

	2.	Payments to Executive and Beneficiaries under the Severance Agreement. 

 

	 	(a)	At the time the Severance Benefits (or any portion thereof) become payable to the Executive (as determined in accordance with the Severance Agreement), the Company
shall provide the Trustee with a statement of (x) the gross amount of such payment so payable to the Executive, (y) the amount of federal, state, local and other taxes and deductions required to be made or withheld with respect to such
payment (the “Withholding Amount”) and (z) the difference between the amounts set forth in clauses (x) and (y) with respect to such payment (the “Net Payment”). On the date that the Severance Payment (or any
portion thereof) is payable to the Executive, the Trustee shall (x) pay to the Company the Withholding Amount attributable to such payment and (y) pay to the Executive the Net Payment attributable to such payment. The Trustee shall not
be responsible for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of the Severance Benefits. Instead, the Company shall be solely responsible for the reporting
and withholding of any such taxes and shall pay any such amounts withheld (including any required portion of the Withholding Amount) to the appropriate taxing authorities. 

 

	 	(b)	The entitlement of the Executive to the Severance Benefits shall be determined pursuant to the terms of the Severance Agreement, and any claim for such benefits shall
be subject to the procedures set out in the Severance Agreement. 

  

	 	(c)	If the principal of the Trust, and any earnings thereon, are not sufficient to pay the Severance Benefits in accordance with the terms of the Severance Agreement, the
Company shall make the balance of each such payments as it falls due. Trustee shall notify the Company when and if principal and earnings of the Trust are not sufficient to make payment of the Severance Benefits. 

 

	3.	Trustee Responsibility Regarding Payments When Company is Insolvent. 

 

	 	(a)	The Trustee shall cease payment of the Severance Benefits if the Company is Insolvent. The Company shall be considered “Insolvent” for purposes of this Trust
Agreement if: 

  

	 	(i)	the Company is unable to pay its debts as they become due; or 

  

	 	(ii)	the Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code. 

 

	 	(b)	At all times during the continuance of this Trust, as provided in section 1(d) hereof, the principal and income of the Trust shall be subject to claims of unsecured
general creditors of the Company under federal and state law as set forth below: 

  

	 	(i)	The Board of Directors and/or the Chief Executive Officer of the Company (or, if there is no Chief Executive Officer, the highest ranking officer of the Company) shall
have the duty to inform the Trustee in writing of the Company’s Insolvency. If a person claiming to be a creditor of the Company alleges in writing to the Trustee that the Company has become Insolvent, the Trustee shall determine whether the
Company is Insolvent and, pending such determination, the Trustee shall discontinue payment of benefits to the Executive or any beneficiaries. 

	 	(ii)	Unless the Trustee has actual knowledge of the Company’s Insolvency, or has received notice from the Company or a person claiming to be a creditor alleging that
the Company is Insolvent, the Trustee shall have no duty to inquire whether the Company is Insolvent. The Trustee may in all events rely on such evidence concerning the Company’s solvency as may be furnished to the Trustee and that provides the
Trustee with a reasonable basis for making a determination concerning the Company’s solvency. 

  

	 	(iii)	If at any time the Trustee has determined that the Company is Insolvent, the Trustee shall discontinue payments hereunder and shall hold the assets of the Trust for the
benefit of the Company’s unsecured general creditors. Nothing in this Trust Agreement shall in any way diminish any rights of the Executive or any beneficiaries to pursue their rights as unsecured general creditors of the Company with respect
to benefits due under the Severance Agreement or otherwise. 

  

	 	(iv)	The Trustee shall resume the payment of benefits in accordance with Section 2 of this Trust Agreement only after the Trustee has determined that the Company is not
Insolvent (or is no longer Insolvent). 

  

	 	(c)	Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to Section 3(b) hereof and subsequently
resumes such payments, the first payment following such discontinuance shall include the aggregate amount of all payments due in respect of the Severance Benefits under the terms of the Severance Agreement for the period of such discontinuance.

  

	4.	Payments to Company. Except as provided in Section 3 hereof, since the Trust is irrevocable in accordance with Section 1(b) hereof, the Company shall
have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made in respect of the Severance Benefits payable to Executive and any beneficiaries
pursuant to the terms of the Severance Agreement. 

  

	5.	Investment Authority. The investment objective of the Trust is the preservation of Trust assets. Any cash deposited to the Trust will be invested by the
Trustee in money market funds, unless the Trustee is otherwise instructed by the Company in writing prior to a Change in Control. In no event may the Trustee invest in securities (including stock or rights to acquire stock) or obligations
issued by the Company, other than a de minimis amount held in common investment vehicles in which the Trustee invests. All rights associated with assets of the Trust shall be exercised by the Trustee or the person designated by the Trustee, and
shall in no event be exercisable by or rest with the Executive or any beneficiaries. 

  

	6.	Additional Powers of the Trustee. To the extent necessary or which it deems appropriate to implement its powers under Section 5 or otherwise to fulfill any
of its duties and responsibilities as Trustee of the Trust, the Trustee shall have the following additional powers and authority: 

	 	(a)	To designate and engage the services of, and to delegate powers and responsibilities to, such agents, representatives, advisers, counsel and accountants as the Trustee
considers necessary or appropriate, any of whom may be an affiliate of the Trustee or a person who renders services to such an affiliate, and, as a part of its expenses under the Trust Agreement, to pay their reasonable expenses and compensation;
and 

  

	 	(b)	Generally to do all other acts that the Trustee reasonably deems necessary or appropriate for the protection of the Trust. 

 

	7.	Disposition of Income. During the term of this Trust Agreement, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested
as provided in Section 5. 

  

	8.	Accounting by Trustee. The Trustee shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to
be made, including such specific records as shall be agreed upon in writing between the Company and the Trustee. Within forty-five (45) days following the close of each calendar year and within forty-five (45) days after the removal or
resignation of the Trustee, the Trustee shall deliver to the Company a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation,
setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest
paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation as the case may be. The Trustee may satisfy its obligation
under this Section 8 by rendering to the Company quarterly statements setting forth the information required by this Section separately for the quarter covered by the statement. 

 

	9.	Responsibility of Trustee. 

  

	 	(a)	The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar
with such matters would use in the conduct of an enterprise of a like character and with like aims, provided, however, that the Trustee shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by
the Company which is contemplated by, and in conformity with, the terms of the Severance Agreement or this Trust Agreement and is given in writing by the Company or in such other manner prescribed by the Trustee. The Trustee shall also incur no
liability to any person for any failure to act in the absence of direction, request or approval from the Company which is contemplated by, and in conformity with, the terms of this Trust Agreement. In the event of a dispute between the Company and a
party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute. 

  

	 	(b)	The Trustee may consult with legal counsel (who may also be counsel for the Company generally) with respect to any of its duties or obligations hereunder.

  

	 	(c)	The Trustee may hire agents, accountants, actuaries, investment advisers, financial consultants or other professionals to assist it in performing any of its duties or
obligations hereunder to the extent reasonably deemed necessary by the Trustee. 

  

	 	(d)	The Trustee shall have, without exclusion, all powers conferred on the Trustee by applicable law, unless expressly provided otherwise herein, provided, however, that if
an insurance policy is held as an asset of the Trust, the Trustee shall have no power to name a beneficiary of the policy other than the Trust, to assign the policy (as distinct from conversion of the policy to a different form) other than to a
successor Trustee, or to loan to any person the proceeds of any borrowing against such policy. 

	 	(e)	However, notwithstanding the provisions of Section 9(d) above, the Trustee may loan to the Company the proceeds of any borrowing against an insurance policy held
as an asset of the Trust. 

  

	 	(f)	Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or to applicable law, the Trustee shall not have any power that could give this Trust
the objective of carrying on a business and dividing the gains therefrom, within the meaning of Section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Internal Revenue Code. 

 

	10.	Compensation and Expenses of the Trustee. Exhibit B attached hereto sets forth the fee arrangement and schedule for the Trustee’s services hereunder.
The Trustee shall send the Company a statement setting forth the administrative expenses of the Trustee on a quarterly basis. The Company shall pay all such fees and administrative expenses promptly after the time indicated on Exhibit B
attached hereto or the receipt of such statement (as applicable) but if not so paid within 90 days after the date on which such amounts are due, such fees and expenses shall be paid from the Trust. 

 

	11.	Resignation and Removal of Trustee. 

  

	 	(a)	The Trustee may resign at any time by written notice to the Company, which shall be effective forty-five (45) days after receipt of such notice unless the Company
and the Trustee agree otherwise. 

  

	 	(b)	The Trustee may be removed by the Company upon thirty (30) days notice or upon shorter notice accepted by the Trustee; provided, however, that the Company may not
remove the Trustee at any time following a Change in Control (as defined in the Severance Agreement) without the written consent of the Executive. 

  

	 	(c)	Upon resignation or removal of the Trustee and appointment of a successor Trustee, all assets shall subsequently be transferred to the successor Trustee. The transfer
shall be completed within sixty (60) days after receipt of notice of resignation, removal or transfer, unless the Company extends the time limit, provided that the Trustee is provided assurance by the Company satisfactory to the Trustee that
all fees and expenses reasonably anticipated will be paid. 

  

	 	(d)	If the Trustee resigns or is removed, a successor shall be appointed, in accordance with Section 12 hereof, by the effective date of the resignation or removal
under paragraph (a) or (b) of this section. If no such appointment has been made, the Trustee may apply to a court of competent jurisdiction for appointment of a successor or for instructions. All expenses of the Trustee in connection with
the proceeding shall he allowed as administrative expenses of the Trust. 

  

	 	(e)	Upon settlement of the account and transfer of the Trust assets to the successor Trustee, all rights and privileges under the Trust Agreement shall vest in the
successor Trustee and all responsibility and liability of the Trustee with respect to the Trust and assets thereof shall terminate subject only to the requirement that the Trustee execute all necessary documents to transfer the Trust assets to the
successor Trustee. 

	12.	Appointment of Successor. 

  

	 	(a)	If the Trustee resigns (or is removed) in accordance with Section 11(a) or (b) hereof, the Company may appoint any third party, such as a bank trust
department or other party that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall have
all of the rights and powers of the former Trustee, including ownership rights in the Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer.

  

	 	(b)	The successor Trustee need not examine the records and acts of any prior Trustee. 

 

	13.	Amendment or Termination. 

  

	 	(a)	This Trust Agreement may be amended by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict
with the terms of the Severance Agreement, make the Trust revocable or otherwise impair any of the rights of the Executive or his beneficiaries to the Severance Benefits under the Severance Agreement or this Trust Agreement.

  

	 	(b)	The Trust shall not terminate until the date on which the Executive and any beneficiaries are no longer entitled to any Severance Benefits pursuant to the terms of the
Severance Agreement. Upon termination of the Trust any assets remaining in the Trust shall be returned to the Company. 

  

	 	(c)	Upon written approval of the Executive or his beneficiaries entitled to payment of Severance Benefits pursuant to the terms of the Severance Agreement, the Company may
terminate this Trust Agreement prior to the time all Severance Benefit payments under the Severance Agreement have been made. All assets in the Trust at termination shall be returned to the Company. 

 

	14.	Miscellaneous. 

  

	 	(a)	Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition, without invalidating the remaining provisions
hereof. 

  

	 	(b)	Benefits payable to the Executive and his beneficiaries under this Trust Agreement may not be anticipated, assigned (either at law or in equity), alienated, pledged,
encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process. 

  

	 	(c)	This Trust Agreement shall be governed by and construed in accordance with the laws of the State of Louisiana. 

	 	(d)	The rights, duties, responsibilities, obligations and liabilities of the Trustee are as set forth in this Trust Agreement, and no provision of the Severance Agreement
or any other documents shall affect such rights, responsibilities, obligations and liabilities. If there is a conflict between provisions of the Severance Agreement and this Trust Agreement with respect to any subject involving the Trustee,
including but not limited to the responsibility, authority or powers of the Trustee, the provisions of this Trust Agreement shall be controlling. 

  

	15.	Effective Date. The effective date of this Trust Agreement shall be as first above written. 

(signature page immediately follows) 

 IN WITNESS WHEREOF, the Company and the Trustee have executed this Trust Agreement
each by action of a duly authorized person. 
  

			
	WESTWAY GROUP, INC.
		
	By:	 	/s/ Francis P. Jenkins, Jr.
		 	Name: Francis P. Jenkins, Jr.
		 	Title: Chairman

  

			
	CAPITAL ONE, N.A.
		
	By:	 	/s/ Bryant I. Magee
		 	Bryant I. Magee
		
	Title:	 	Vice-President and Trust Officer

 Exhibit A 
 Trust Agreement Under 
 The Severance Agreement 

Severance Benefits 
 1.
The Severance Payment (as defined in Section 6(d) of the Severance Agreement). 
 2. The pro-rata bonus set forth in Section 6(b) of
the Severance Agreement. 

 Exhibit B 
 Trust Agreement Under 
 The Severance Agreement 

Fee Schedule

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