Document:

Exhibit 10.31

AMENDMENT TO

THE PROFIT SHARING PLAN OF

QUEST DIAGNOSTICS INCORPORATED

          The
Profit Sharing Plan of Quest Diagnostics Incorporated, whose predecessor was
originally effective October 1, 1973, as presently maintained under an amendment
and restatement made effective as of January 1, 2007, is hereby further
amended, generally effective as of January 1, 2008 and effective as of January
1, 2009 as specifically stated herein, in the following respects:

	
 

	
 

	
1. A new
 paragraph is added at the end of the “Introduction” to provide as follows:

	
 

	
 

	
 

	
“Effective
 January 1, 2008, Focus Diagnostics, Inc. became an Employer in the Plan, and
 the Plan is hereby again amended and restated to reflect the merger,
 effective March 13, 2008, of the Focus Diagnostics, Inc. 401(k) and Profit
 Sharing Plan into the Plan.”

	
 

	
 

	
2. Clause (2)
 of the second paragraph of the definition of “Deferral Compensation” is
 amended to provide as follows:

	
 

	
 

	
 

	
“(2) except
 as specifically provided in (1) above, Deferral Compensation shall not
 include severance pay or other form of post-termination compensation;”

	
 

	
 

	
3. The
 definition of “Employer” is amended by changing the date from January 1, 2007
 to January 1, 2008 and adding Focus Diagnostics, Inc. to the list of
 Employers, and is further amended by changing the date from January 1, 2008
 to January 1, 2009 and adding Specialty Laboratories, Inc. and HemoCue, Inc.
 to the list of Employers.

	
 

	
 

	
4. The
 definition of “Fiduciary” is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
“Fiduciary
 – The Trustee, the Committee and any individual, corporation, firm or other
 entity which has, in accordance with ERISA, fiduciary responsibilities
 respecting management of the Plan or the disposition of its assets.”

	
 

	
 

	
5. The
 definition of “Investment Option” is amended in its entirety to provide as
 follows:

	
 

	
 

	
 

	
“Investment
 Option — The investment vehicle elected by the Participant in accordance
 with Section 2.4 for investment of his Individual Account. The Employer Stock
 Fund at all times may be an available Investment Option under this Plan.”

	
 

	
 

	
6. The
 definition of “Merged Plan” is amended in its entirety, effective January 1,
 2008 to provide as follows:

	
 

	
 

	
 

	
“Merged
 Plan — The Advance Medical Plan, the AML-East Plan, the AML-West Plan,
 the CBCLS Plan, the CDS Plan, the CPF Pension Plan, the CPF Savings Plan, the
 Damon Plan, the DeYor Plan, the LabPortal Plan, the Maryland
 Medical Laboratory Plan, the MedPlus Plan, the MetWest Plan, the Nichols
 Institute Plan, the Podiatric Pathology Laboratories Plan, the Statlab Plan,
 the Unilab Plan, the LabOne (k) Plan, the LabOne Pension Plan and the Focus
 Diagnostics, Inc. Profit Sharing and 401(k) Plan, either individually or
 collectively as the case may be.”

	
 

	
 

	
 

	
7. A new
 definition, “Prior Focus Plan Match Sub-Account” is added, effective January
 1, 2008 to provide as follows:

	
 

	
 

	
 

	
 

	
“Prior
 Focus Plan Match Sub-Account — That portion of the Individual Account of
 a Participant attributable to employer matching contributions made to the
 Focus Diagnostics, Inc. Profit Sharing and 401(k) Plan and earnings or losses
 thereon.”

	
 

	
 

	
 

	
8. The
 definition of “Individual Account,” the definition of “Vested Employer Stock
 Dividend Sub-Account” and Sections 4.1(a), 4.5, 5.5(b)(2)(A), 6.1(g), 6.2(a),
 6.3(b) and 6.5(a) are amended by following each phrase or clause where the
 term “Prior Employer Match Sub-Account” appears with a corresponding phrase
 or clause using the term “Prior Focus Plan Match Sub-Account,” and
 renumbering subsequent phrases or clauses as may be necessary.

	
 

	
 

	
 

	
9. The
 definition of “Section 415 Compensation” is amended in its entirety to
 provide as follows:

	
 

	
 

	
 

	
 

	
“Section
 415 Compensation — Compensation within the meaning of Section 415(c)(3)
 of the Code, which shall include “post-severance compensation.”
 “Post-severance compensation” means, for any Limitation Year beginning on or
 after July 1, 2007, the following amount(s) that would have been included in
 the definition of Section 415 Compensation if the amounts were paid prior to
 the Employee’s Severance from Service (as defined in regulations under Code
 Section 1.415(a)-1(f)(5)) with the Employer, and that are paid to the
 Employee by the later of 21⁄2 months after the Employee’s Severance from
 Service with the Employer or the end of the Limitation Year that includes the
 Employee’s date of Severance from Service with the Employer if the payment
 is:

	
 

	
 

	
 

	
 

	
(a)

	
regular
 compensation for services during the Employee’s regular working hours, or
 compensation for services outside the Employee’s regular working hours (such
 as overtime or shift differential), commissions, bonuses, or other similar
 payments and the payment would have been paid to the Employee prior to a
 Severance from Service if the Employee had continued in employment with the
 Employer;

	
 

	
 

	
 

	
 

	
(b)

	
for unused
 accrued bona fide sick, vacation or other leave, but only if the Employee
 would have been able to use the leave if employment had continued;

	
 

	
 

	
 

	
 

	
(c)

	
received by
 the Employee pursuant to a nonqualified unfunded deferred compensation plan,
 but only if the payment would have been paid to the Employee at the same time
 if the Employee had continued in employment with the Employer and only to the
 extent that the payment is includible in the Employee’s gross income; or

	
 

	
 

	
 

	
 

	
(d)

	
made by the
 Employer to an individual who does not currently perform services for the
 Employer by reason of Qualified Military Service to the extent those 

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payments do
 not exceed the amounts the individual would have received if the individual
 had continued to perform services for the Employer rather than entering
 Qualified Military Service.”

	
 

	
 

	
 

	
10. Section
 2.4(a) is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
 

	
“In the
 absence of any valid Investment Option specification to the contrary, a
 Participant’s Individual Account automatically shall be invested in the
 applicable qualified default investment alternative (as defined under ERISA)
 specified by the Committee. Commencing on the date that is 30 days after the
 Employee’s date of hire with an Employer (or such other date as the Committee
 shall designate), the Employee may change his Investment Option specification
 in accordance with subsection (b).”

	
 

	
 

	
 

	
11. Section
 3.1(c)(2)(A) is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
 

	
“If in any
 calendar year the aggregate of a Participant’s Regular Pre-Tax Contributions
 made on his behalf under this Plan, plus his other elective deferrals under
 any other qualified cash or deferred arrangement (as defined in Code Section
 401(k)) maintained by any sponsor, under any simplified employee pension (as
 defined in Code Section 408(k)), or used to have an annuity contract
 purchased on his behalf under Code Section 403(b), exceed the limitation of
 paragraph (1), then no later than the March 15 following such calendar year
 the Participant may notify the Committee (i) that he has exceeded the
 limitation and (ii) of the amount of his Regular Pre-Tax Contributions under
 this Plan which he wants distributed to him (as adjusted for Allocable
 Income/Loss), notwithstanding his salary reduction agreement, so that he will
 not exceed the limitation. The Committee may require the Participant to
 provide reasonable proof that he has exceeded the limitation of paragraph
 (1).”

	
 

	
 

	
 

	
12. A new
 Section 3.1(c)(2)(C) is added to provide as follows:

	
 

	
 

	
 

	
 

	
“(C) “Allocable
 Income/Loss” means, with respect to any contributions which must be returned
 to the Participant or forfeited under any of the limitations of Article III,
 the income or loss allocable to such contributions for the Plan Year. Income
 or loss may be determined by any reasonable method for computing the income
 or loss, provided that such method is used consistently for all Participants
 and for all corrective distributions under the Plan for the Plan Year, and is
 the same method used by the Plan for allocating income or loss to
 Participants’ Individual Accounts. ”

	
 

	
 

	
 

	
13. The third
 sentence of Section 3.4(d) is amended to provide as follows:

	
 

	
 

	
 

	
 

	
“The
 rollover contribution of an Employee who has not satisfied the initial eligibility
 requirements of Section 2.1 shall be invested in the applicable qualified
 default investment alternative specified by the Committee, unless and until
 he makes a different Investment Option specification pursuant to Section
 2.4.”

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14. A new second
 paragraph is added at the end of Section 3.6 to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
“Notwithstanding
 that the Plan is intended to be operated as a “safe harbor” 401(k) plan with
 respect to Employee Pre-Tax Contributions, the provisions of the remainder of
 this Section 3.6 shall be applicable to Participants during such period as
 they are able to make Employee Pre-Tax Contributions but are not eligible to
 receive Employer Matching Contributions. The Plan shall satisfy the ADP test
 of Code Section 401(k)(3) and Treasury Regulations §§1.401(k)-2(a) and (b).
 For this purpose, the Plan shall use the current year testing method. ”

	
 

	
 

	
 

	
 

	
 

	
 

	
15. Section 4.6
 is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
“4.6

	
Maximum
 Additions

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(a)

	
For the
 purpose of this Section 4.6, the following terms shall have the following
 meanings:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(1)

	
“Annual
 Additions” means for any Limitation Year:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(i)

	
The sum of
 the following amounts credited to a Participant’s account in all qualified
 defined contribution plans (which includes an annuity contract described in
 Code Section 403(b)) maintained by the Employer or an Affiliate (or a
 predecessor employer as defined in Regulation §1.415(f)-1(c)): 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(A)

	
Employer
 contributions, even if such Employer contributions are excess contributions
 (as described in Code Section 401(k)(8)(B)) or excess aggregate contributions
 (as described in Code Section 401(m)(6)(B)), or such excess contributions or
 excess aggregate contributions are corrected through distribution;

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(B)

	
Employee
 contributions, which include mandatory employee contributions (as defined in
 Code Section 411(c)(2)(C) and Regulations thereunder) and voluntary employee
 contributions;

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(C)

	
Forfeitures;

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(D)

	
Contributions
 allocated to any individual medical account, as defined in Code Section
 415(1)(2), which is part of a pension or annuity plan established pursuant to
 Code Section 401(h) and maintained by the Employer or an Affiliate;

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(E)

	
Amounts attributable
 to post-retirement medical benefits allocated to a separate account for a key
 employee (any Employee who, at any time during the Plan Year or any 

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preceding
 Plan Year, is or was a key employee pursuant to Code Section 419A(d)),
 maintained by the Employer or an Affiliate; and

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(F)

	
Effective as
 of the first day of the first Limitation Year beginning on or after July 1,
 2007, the difference between the value of any assets transferred to the Plan
 and the consideration, where an Employee or the Employer transfers assets to
 the Plan in exchange for consideration that is less than the fair market
 value of the assets transferred to the Plan.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(ii)

	
Notwithstanding
 the foregoing, a Participant’s Annual Additions do not include the following:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(A)

	
The
 restoration of an Employee’s accrued benefit by the Employer in accordance
 with Code Section 411(a)(3)(D) or Code Section 411(a)(7)(C) or resulting from
 the repayment of cashouts (as described in Code Section 415(k)(3)) under a
 governmental plan (as defined in Code Section 414(d)) for the Limitation Year
 in which the restoration occurs, regardless of whether the Plan restricts the
 timing of repayments to the maximum extent allowed by Code Section 411(a);

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(B)

	
Catch-Up
 Pre-Tax Contributions made in accordance with Code Section 414(v) and
 Regulation §1.414(v)-1;

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(C)

	
Effective as
 of the first day of the first Limitation Year beginning on or after July 1,
 2007, a payment made to restore some or all of the Plan’s losses resulting
 from an action (or a failure to act) by a fiduciary for which there is
 reasonable risk of liability for breach of a fiduciary duty (other than a
 breach of fiduciary duty arising from failure to remit contributions to the
 Plan) under ERISA or under other applicable federal or state law, where
 Participants who are similarly situated are treated similarly with respect to
 the payments. This includes payments to the Plan made pursuant to a
 Department of Labor order, the Department of Labor’s Voluntary Fiduciary
 Correction Program, or a court-approved settlement, to restore losses to a
 qualified defined contribution plan; 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(D)

	
Excess
 elective deferrals that are distributed in accordance with Regulation
 §1.402(g)-1(e)(2) or (3);

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(E)

	
Rollover
 Contributions (as described in Code Sections 401(a)(31), 402(c)(1),
 403(a)(4), 403(b)(8), 408(d)(3), and 457(e)(16));

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(F)

	
Repayments
 of loans made to a Participant from the Plan;

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(G)

	
Repayments
 of prior Plan distributions described in Code Section 411(a)(7)(B) (in
 accordance with Code Section 411(a)(7)(C)) and Code Section 411(a)(3)(D) or
 repayment of contributions to a governmental plan (as defined in Code Section
 414(d)) as described in Code Section 415(k)(3);

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(H)

	
The direct
 transfer of a benefit or employee contributions from a qualified plan to a
 defined contribution plan;

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(I)

	
The
 reinvestment of dividends on employer securities under an employee stock
 ownership plan pursuant to Code Section 404(k)(2)(A)(iii)(II); and

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(J)

	
Employee
 contributions to a qualified cost of living arrangement within the meaning of
 Code Section 415(k)(2)(B).

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(2)

	
“Limitation
 Year” means the calendar year unless changed by a Plan amendment.
 Notwithstanding the preceding, if the Plan is terminated effective as of a
 date other than the last day of the Limitation Year, the Plan shall be
 treated as if it had been amended to change its Limitation Year.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
Code Section
 415 Limit

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(1)

	
Notwithstanding
 anything contained herein to the contrary, in no event may the Annual
 Additions (except for Catch-Up Pre-Tax Contributions) made with respect to a
 Participant for a Limitation Year under the Plan and any other defined
 contribution plan, within the meaning of Code Section 415(c), maintained by
 an Employer or an Affiliate exceed the lesser of $40,000 (as adjusted
 pursuant to Code Section 415(d) for Plan Years beginning after 2002) or, 100%
 of his or her annual 415 Compensation from the Employer or an Affiliate for
 the Limitation Year. The compensation limitation referred to in the preceding
 sentence shall not apply to any contribution for medical benefits (within the
 meaning of Code Sections 401(h) or 419A(f)(2)) which is otherwise treated as
 an Annual Addition under Code Sections 415(a)(2) or 415(l)(1). In the event a
 short Limitation Year is created because of an amendment changing the
 Limitation Year to a different 12-consecutive month period, the maximum
 amount indicated above shall be reduced pro rata in accordance with the
 number of months in the short Limitation Year.

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(2)

	
If due to a
 reasonable error in calculating a Participant’s Section 415 Compensation for
 a Plan Year, due to the allocation of forfeitures, or due to such other facts
 and circumstances as may justify the availability of this special rule, as
 determined by the Internal Revenue Service (“IRS”), the Annual Additions to
 the Participant’s Account under this Plan and any other defined contribution
 plan of the Employer exceeds the limitations of paragraph (a) for a
 Limitation Year, then the excess amounts may be corrected only in accordance
 with the IRS Employee Plans Compliance Resolution System as set forth in
 Revenue Ruling 2008-50 or any superseding guidance including, but not limited
 to, the preamble to the final Code Section 415 regulations as published in
 the Federal Register on April 5, 2007.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(3)

	
The
 provisions of Code Section 415 are hereby incorporated by reference to the
 extent not provided above.”

	
 

	
 

	
 

	
 

	
 

	
 

	
16. Section
 5.5(b)(2)(H) is renumbered as Section 5.5(b)(2)(I) and a new Section
 5.5(b)(2)(H) is added to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
                      “(I)
 A Participant shall have a vested interest in the following percentage of his
 Prior Focus Plan Match Sub-Account (if any):

	
 

	
 

	
 

	
 

	
Years of Vesting Service

	
 

	
Vested Interest

	

	
 

	

	
0

	
 

	
0%

	
 

	
1

	
 

	
20%

	
 

	
2

	
 

	
40%

	
 

	
3

	
 

	
60%

	
 

	
4

	
 

	
80%

	
 

	
5 or more

	
 

	
100%

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
17. A new
 Section 5.5(b)(3)(D) is added to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
                      “(D)
 If the employment of a Participant terminates for any reason other than
 retirement under Section 5.1, disability under Section 5.2, death under
 Section 5.3 or reduction-in-force under Section 5.5(a) at a time when he is
 not fully vested in his Prior Focus Plan Match Sub-Account (if any), then the
 Committee shall follow the procedure set forth in clause (i) or that set
 forth in clause (ii) below, as appropriate:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
                                 (i)
 If the Participant had no vested interest in his Prior Focus Plan Match
 Sub-Account at the time of his termination of employment, the Committee
 nonetheless shall treat the Participant as if he had received a distribution
 on the date his employment terminated and shall forfeit the Participant’s
 entire Prior Focus Plan Match Sub-Account as soon as administratively
 feasible after the date his employment terminated. If such a Participant
 returns as an Employee prior to incurring a five-year Period of Severance,
 his Prior Focus Plan Match Sub-Account, determined as of the date of

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his deemed
 distribution, shall be fully restored to him as soon as administratively
 feasible after his reemployment.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
                                 If
 the Participant is partially vested in his Prior Focus Plan Match Sub-Account
 at the time of his termination of employment and if he receives a
 distribution of his vested interest before he incurs a five-year Period of
 Severance, the remaining portion of his Prior Focus Plan Match Sub-Account
 shall be forfeited as soon as administratively feasible after the date of
 distribution. If such a Participant returns as an Employee prior to incurring
 a five-year Period of Severance and if he repays the full amount of the distribution
 paid to him by reason of his termination of employment no later than the
 fifth anniversary of the date of his reemployment, then his Prior Focus Plan
 Match Sub-Account, determined as of the date of the distribution of his
 vested interest, shall be fully restored to him as soon as administratively
 feasible after such repayment is made.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
                                 A
 Participant’s Prior Focus Plan Match Sub-Account shall be restored first out
 of Forfeitures for such Plan Year and, if such Forfeitures are insufficient
 to restore such Prior Focus Plan Match Sub-Account, the Employer shall make a
 special contribution to the extent necessary so that the Participant’s Prior
 Focus Plan Match Sub-Account is fully restored.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
                      
 (ii) If the Participant is partially vested in his Prior Focus Plan Match
 Sub-Account at the time of his termination of employment and if he does not
 receive a distribution of such vested interest before he incurs a five-year
 Period of Severance, the remaining portion of his Prior Focus Plan Match
 Sub-Account shall be forfeited as soon as administratively feasible after
 such five-year Period of Severance has been incurred.

	
 

	
 

	
 

	
 

	
 

	
 

	
18. Section 5.10
 is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
“A
 Participant’s Individual Account (or applicable sub-account thereof) shall be
 valued at fair market value as of the
 last day of the Plan Year (the “Valuation Date”). At the discretion of the
 Committee, its delegate or a Trustee (whichever applies), some or all of the
 assets of the Trust may be valued more frequently. These dates also shall be
 Valuation Dates. As of each such Valuation Date, the earnings and
 losses of the Trust Fund shall be allocated to each Participant’s Individual
 Account (or applicable sub-account thereof) pursuant to a consistent
 non-discriminatory method selected by the Committee.”

	
 

	
 

	
 

	
 

	
 

	
 

	
19. Section 5.11
 is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
“5.11

	
Direct
 Rollovers

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(a)

	
Notwithstanding
 any provision of the Plan to the contrary that would otherwise limit a
 distributee’s election under this Section, a distributee may elect, at the
 time and in the manner prescribed by the Committee, to have any portion of an
 eligible

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rollover
 distribution paid directly to an eligible retirement plan specified by the
 distributee in a direct rollover.

	
 

	
 

	
 

	
 

	
 

	
(b)

	
(1)

	
An “eligible
 rollover distribution” is any distribution of all or any portion of the
 balance to the credit of the distributee, except that an eligible rollover
 distribution does not include: any distribution that is one of a series of
 substantially equal periodic payments (not less frequently than annually)
 made for the life (or life expectancy) of the distributee or the joint lives
 (or joint life expectancies) of the distributee and the distributee’s
 designated beneficiary, or for a specified period of ten years or more; any
 distribution to the extent such distribution is required under Section
 401(a)(9) of the Code; any hardship distribution; the portion of any
 distribution that is not includible in gross income (determined without
 regard to the exclusion for net unrealized appreciation with respect to
 employer securities) unless such portion is transferred to an individual
 retirement account or annuity described in Code Sections 408(a) or (b), or to
 a qualified plan described in Code Section 401(a) or to an annuity contract
 described in Code Section 403(b) which in each case agrees to separately
 account for amounts so transferred, including separately accounting for the
 portion of such distribution which is includible in gross income and the
 portion of such distribution which is not so includible; and any distribution
 that is reasonably expected to total less than $200 during a year.

	
 

	
 

	
 

	
 

	
 

	
 

	
(2)

	
An “eligible
 retirement plan” is an individual retirement account described in Code
 Section 408(a), an individual retirement annuity described in Code Section
 408(b), a Roth IRA described in Code Section 408A (if the direct rollover
 meets the requirements of Code Sections 402(c), 403(b)(8) or 457(c)(16), as
 applicable), an annuity plan described in Code Section 403(a), a qualified
 plan described in Code Section 401(a), an annuity contract described in Code
 Section 403(b) or an eligible plan under Code Section 457(b) maintained by a
 state, political subdivision of a state, or any agency or instrumentality of
 a state and which agrees to separately account for amounts transferred into
 such plan from this Plan. An “eligible retirement plan” for a distributee who
 is a designated beneficiary (as defined by Section 401(a)(9)(E) of the Code)
 of the Participant and who is not the surviving spouse of the Participant is
 an individual retirement account described in Code Section 408(a) or an
 individual retirement annuity described in Code Section 408(b) that will be
 treated as an inherited IRA pursuant to Code Section 402(c)(11).

	
 

	
 

	
 

	
 

	
 

	
 

	
(3)

	
A
 “distributee” includes an employee or former employee. In addition, the
 employee’s or former employee’s surviving spouse and the employee’s or former
 employee’s spouse or former spouse who is the alternate payee under a
 qualified domestic relations order, as defined in Code Section 414(p), are
 distributees with regard to the interest of the spouse or former spouse. A
 distributee also shall include an individual 

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who is a
 designated beneficiary (as defined by Section 401(a)(9)(E) of the Code) of
 the Participant and who is not the surviving spouse of the Participant.

	
 

	
 

	
 

	
 

	
 

	
 

	
(4)

	
A “direct
 rollover” is a payment by the Plan to the eligible retirement plan specified
 by the distributee.” 

	
 

	
 

	
 

	
 

	
20. A new
 Section 5.14 is added to provide as follows:

	
 

	
 

	
 

	
“5.14

	
Voluntary
 Direct Transfers

	
 

	
 

	
 

	
 

	
 

	
 

	
A
 Participant whose employment status has changed so that he no longer is eligible
 for active participation in the Plan and who is not expected to regain such
 eligibility in the foreseeable future, may request a distribution from his
 Individual Account prior to his Severance from Service Date. Such Individual
 Account may be distributed only through transfer to another cash or deferred
 arrangement under Code Section 401(k) maintained by the Employer or an
 Affiliate under which the Participant currently is, or soon will be, eligible
 to participate. The provisions of Code Section 411(a)(10) shall apply to the
 vesting schedule of such transferee plan as if an amendment to the vesting
 schedule of this Plan. Payments made pursuant to this Section shall operate
 as a complete discharge of the Trustee, the Committee and the Trust Fund.” 

	
 

	
 

	
 

	
 

	
21. Section 7.3
 is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
“One of the
 Investment Options may be the Employer Stock Fund, which will be invested in
 the common stock of the Employer, provided such stock qualifies as qualifying
 employer securities within the meaning of ERISA Section 407(d)(5). The
 portion of the Plan comprised of the Employer Stock Fund shall be an employee
 stock ownership plan under Code Section 4975(e)(7) which shall include the
 share distribution requirements of Code Section 409(h) and the participant
 pass-through voting rights required under Code Section 409(e). The level of
 Plan assets invested in such fund shall be determined by Participants’
 Investment Option specifications and, subject to any restrictions that may be
 imposed under Section 2.4, may consist of up to 100% of all Plan assets.’ 

	
 

	
 

	
 

	
 

	
22. Clause (3)
 of the third paragraph of Section 8.1 is amended to provide as follows::

	
 

	
 

	
 

	
 

	
 

	
 

	
“(3) delegation
 by the Committee to another committee of its responsibility to add, change or
 delete Investment Options in accordance with Section 8.5.” 

	
 

	
 

	
 

	
 

	
23. The sixth
 paragraph of Section 8.5 is amended in its entirety to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
“The
 Committee (or its delegate pursuant to Section 8.1) may add, change or delete
 the available Investment Options at any time.

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24. A new first
 sentence is added to Section 8.6 to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
“All claims
 for benefits under the Plan shall be submitted to the Committee or its
 delegate, including a committee designated by the Committee to review appeals
 from initial claim denials, which shall have the responsibility for
 determining the eligibility of any Participant or Beneficiary for benefits.” 

	
 

	
 

	
 

	
25. All
 subsequent appearances in Section 8.6 of the phrase “the Committee” are
 changed to “the Committee or its delegate.”

	
 

	
 

	
 

	
26. A new fifth
 paragraph is added to Section 8.6 to provide as follows:

	
 

	
 

	
 

	
 

	
 

	
“In the
 context of a claim involving a disability determination, the initial claim
 determination shall be made within 45 days, and the maximum extension of time
 available to the decisionmaker is 30 days. Further, the information included
 in any denial also shall include identification of any medical or vocational
 experts whose advice was obtained in connection with a claim determination,
 whether or not their judgment was relied upon in making the determination.” 

	
 

	
 

	
 

	
27. All
 appearances in Section 8.7 of the phrase “the Committee” are changed to “the
 Committee or its delegate.” 

	
 

	
 

	
 

	
28. The first
 two paragraphs of Section 8.7 are amended in their entirety to provide as
 follows:

	
 

	
 

	
 

	
 

	
 

	
“In the
 event a claim for benefits is denied, the claimant or his duly authorized
 representative, at the claimant’s sole expense, may appeal the denial by
 filing a written request for review with the Committee or its delegate within
 60 days (45 days in the context of a claim involving a disability
 determination) of the receipt of written notice of denial or 60 days (45 days
 in the context of a claim involving a disability determination) from the date
 such claim is deemed to be denied. In pursuing such appeal, the claimant or
 his duly authorized representative may review pertinent Plan documents, and
 may submit issues and comments in writing.

	
 

	
 

	
 

	
 

	
 

	
The decision
 on review shall be made by the Committee or its delegate within 60 days (45
 days in the context of a claim involving a disability determination) of
 receipt of the request for review, unless special circumstances require an
 extension of time for processing, in which case a decision shall be rendered
 as soon as possible, but not later than 120 days after receipt of a request
 for review. If such an extension of time is required, written notice of the
 extension shall be furnished to the claimant before the end of the original 60-day
 (or 45-day) period, and such extension notice shall indicate the special
 circumstance requiring an extension of the time and the date by which the
 Committee or its delegate expects to render a decision.” 

	
 

	
 

	
 

	
29. Appendix A
 is amended in its entirety to provide as follows in the attached Appendix A.

- 11 -

	
 

	
 

	
 

	
30. The first
 table in Appendix B is amended in its entirety to provide as follows in the
 attached first table in Appendix B.

	
 

	
 

	
 

	
31. In all other
 respects, the Plan shall remain unchanged by this Amendment.

          As
evidence of its adoption of this Amendment, Quest Diagnostics Incorporated has
caused this instrument to be signed by its authorized officer this 23rd day of
December, 2008, generally effective as of January 1, 2008 and effective as of
January 1, 2009 as specifically stated herein. 

	
 

	
 

	
 

	
 

	
QUEST DIAGNOSTICS INCORPORATED

	
 

	
 

	
 

	
 

	
 

	
/s/ David W.
 Norgard

	
 

	
 

	
 

	
 

	
By:

	
David W.
 Norgard

	
 

	
 

	
 

	
 

	
Title:

	
Vice
 President, Human Resources 

- 12 -

Appendix A

          The
Effective Date for each Employer is set forth below:

	
 

	
 

	
 

	
 

	
Employer

	
 

	
Effective Date

	
 

	

	
 

	

	
 

	
Quest
 Diagnostics Incorporated (DE)

	
 

	
October 1, 1973

	
 

	
Quest
 Diagnostics Incorporated (MI)

	
 

	
May 1, 1990

	
 

	
Quest
 Diagnostics LLC (CT)

	
 

	
January 1, 1994

	
 

	
Quest
 Diagnostics of Pennsylvania Inc. (DE)

	
 

	
July 1, 1993

	
 

	
MetWest Inc.
 dba Quest Diagnostics

	
 

	
April 1, 1994

	
 

	
Quest
 Diagnostics LLC (MA)

	
 

	
March 1, 1995

	
 

	
Quest
 Diagnostics Incorporated (MD)

	
 

	
January 1, 1995

	
 

	
Nichols
 Institute Diagnostics (CA)

	
 

	
January 1, 1995

	
 

	
Quest
 Diagnostics Incorporated (CA)

	
 

	
January 1, 1995

	
 

	
Quest
 Diagnostics LLC (IL)

	
 

	
January 1, 1999

	
 

	
Quest
 Diagnostics Clinical Laboratories, Inc. (DE) (f/k/a SmithKline Beecham
 Clinical Laboratories, Inc.)

	
 

	
August 16, 1999

	
 

	
MedPlus,
 Inc.

	
 

	
January 1, 2002

	
 

	
Quest Diagnostics Venture LLC (PA)

	
 

	
November 15, 1997

	
 

	
Diagnostic
 Laboratory of Oklahoma

	
 

	
January 13, 2001

	
 

	
Quest
 Diagnostics Nichols Institute Inc.

	
 

	
January 1, 2003

	
 

	
Quest
 Diagnostics Incorporated (NV)

	
 

	
January 1, 2003

	
 

	
Associated
 Pathologists, Chartered

	
 

	
January 1, 2003

	
 

	
Associated
 Diagnostic Pathologists, Inc.

	
 

	
January 1, 2007

	
 

	
LabOne, Inc.

	
 

	
January 1, 2007

	
 

	
Focus
 Diagnostics, Inc.

	
 

	
January 1, 2008

	
 

	
Specialty
 Laboratories, Inc.

	
 

	
January 1, 2009

	
 

	
HemoCue,
 Inc.

	
 

	
January 1, 2009

	
 

- 13 -

Appendix B

          The
Merger Date for each Merged Plan is set forth below:

	
 

	
 

	
 

	
 

	
Name

	
 

	
Merger Date

	
 

	

	
 

	

	
 

	
Advance
 Medical & Research Center, Inc. Retirement Plan

	
 

	
May 1, 1990

	
 

	
Continental
 Bio Clinical Laboratory Service, Inc. Profit Sharing and Retirement Savings
 Plan

	
 

	
January 1, 1992

	
 

	
Statlab,
 Inc. Retirement Plan

	
 

	
March 1, 1993

	
 

	
CPF/MetPath
 Savings and Retirement Plan

	
 

	
July 1, 1993

	
 

	
Clinical
 Pathology Facility, Inc. Pension Plan

	
 

	
July 1, 1993

	
 

	
DeYor
 Laboratories 401(k) Profit Sharing Plan and Trust

	
 

	
January 1, 1994

	
 

	
The Profit
 Sharing Plan and Trust Agreement for Employees of MetWest Inc.

	
 

	
April 1, 1994

	
 

	
Maryland
 Medical Laboratory, Inc. 401(k) Profit Sharing Plan and Trust

	
 

	
January 1, 1995

	
 

	
Nichols
 Institute 401(k) Plan

	
 

	
January 1, 1995

	
 

	
Podiatric
 Pathology Laboratories, Inc. Profit Sharing Plan

	
 

	
January 1, 1995

	
 

	
MedPlus,
 Inc. 401(k) Plan

	
 

	
January 2, 2002

	
 

	
LabPortal,
 Inc. 401(k) Plan

	
 

	
July 1, 2002

	
 

	
AML-East
 401(k) Plan

	
 

	
January 3, 2003

	
 

	
APL
 Healthcare Group Inc. Profit Sharing and 401(k) Plan

	
 

	
January 3, 2003

	
 

	
Clinical
 Diagnostics Services 401(k) Plan

	
 

	
June 2, 2003

	
 

	
Unilab
 401(k) Plan

	
 

	
January 2, 2004

	
 

	
LabOne, Inc.
 Profit Sharing 401(k) Plan

	
 

	
March 1, 2007

	
 

	
LabOne, Inc.
 Money Purchase Pension Plan

	
 

	
March 1, 2007

	
 

	
Focus
 Diagnostics, Inc. Profit Sharing and 401(k) Plan

	
 

	
March 13, 2008

	
 

- 14 -Exhibit 10.4

Exhibit 10.4

ALLIANCE ONE INTERNATIONAL, INC.

PENSION EQUITY PLAN

Amended and Restated Effective January 1, 2009

Originally Effective January 1, 1986

TABLE OF CONTENTS

ARTICLE 1

Definitions

2

1.01

Accounting Firm

2

1.02

Administrator

2

1.03

Affiliate

2

1.04

Board

2

1.05

Cash Balance Plan

2

1.06

Capped Parachute Payments

2

1.07

Cause

2

1.08

Change in Control

2

1.09

Code

2

1.10

Compensation

2

1.11

Compensation Committee

2

1.12

Control Change Date

2

1.13

Corporation

2

1.14

Credited Compensation

2

1.15

Credited Service

2

1.16

Employee

2

1.17

Excess Parachute Payment Amount

2

1.18

Fiscal Year

2

1.19

Frozen Average Compensation

2

1.20

Grandfathered Participant

2

1.21

Joint and Survivor Annuity

2

1.22

Net After-Tax Amount

2

1.23

Normal Form

2

1.24

Normal Retirement Allowance

2

1.25

Normal Retirement Date

2

1.26

Offset Amount

2

1.27

Parachute Payment

2

1.28

Participant

2

1.29

Plan

2

1.30

Pro Ration Percentage

2

1.31

Retirement, Retire, Retired or Retires

2

1.32

Separation from Service

2

1.33

Spouse or Surviving Spouse

2

1.34

Year of Service

2

ARTICLE 2

Participation

2

ARTICLE 3

Retirement Allowance

2

3.01

Normal Retirement Allowance

2

3.02

Time and Form of Payment of Normal Retirement Allowance

2

3.03

Pre-Retirement Death Benefit

2

3.04

Delay of Payments

2

3.05

Certain Retired Participants as of December 31, 2008

2

ARTICLE 4

Vesting

2

4.01

Normal Vesting

2

4.02

Change in Control

2

4.03

Transition Rules

2

4.04

Forfeiture Upon Termination for Cause

2

ARTICLE 5

Administration of the Plan

2

5.01

Powers of Administrator

2

5.02

Delegation

2

5.03

Costs

2

5.04

Reliance

2

5.05

Indemnification

2

5.06

Cooperation

2

ARTICLE 6

Claim and Appeal Procedures

2

6.01

Filing of a Claim for Benefits

2

6.02

Notification to Claimant of Decision

2

6.03

Procedure for Appeal and Review

2

6.04

Decision on Review

2

6.05

Action by Authorized Representative of Claimant

2

6.06

Exhaustion of Administrative Remedies and Deadline for Filing Suit

2

ARTICLE 7

Termination, Amendment or Modification of Plan

2

7.01

Reservation of Rights

2

7.02

Limitation on Actions

2

ARTICLE 8

Miscellaneous

2

8.01

Limitation on Benefits

2

8.02

Unfunded Plan

2

8.03

Other Benefits and Agreements

2

8.04

Facility of Payments

2

8.05

Restrictions on Transfer of Benefits

2

8.06

No Guarantee of Employment

2

8.07

“Top Hat” Pension Benefit Plan

2

8.08

Receipt and Release

2

8.09

Reliance on Data

2

8.10

Withholding and Reporting

2

8.11

Number and Gender

2

8.12

Headings

2

8.13

Deferred Compensation

2

8.14

No Tax Representations

2

8.15

Binding Effect

2

8.16

Severability

2

8.17

Applicable Law

2

ARTICLE 9

Adoption and Execution.

2

ALLIANCE ONE INTERNATIONAL, INC.

PENSION EQUITY PLAN

INTRODUCTION

Alliance One International, Inc. (the “Corporation”) maintains the Alliance One International, Inc. Pension Equity Plan (the “Plan”) to provide unfunded supplemental retirement benefits to a select group of management and highly compensated employees as such terms are used in sections 201, 301, and 501 of the Employee Retirement Income Security Act of 1974.  The Plan was originally effective January 1, 1986.  The Corporation previously amended the Plan on or about August 25, 2004, March 11, 2005, May 24, 2006, and March 30, 2007.  During the period from January 1, 2005 through December 31, 2008, the Plan has been administered in good faith compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and guidance issued thereunder, including but not limited to Internal Revenue Service Notices 2005-1, 2006-79, 2007-78 and 2007-86 and proposed and final regulations published under Section 409A of the Code.

Except as otherwise specifically provided, the provisions of the Plan as amended and restated herein are generally effective as of January 1, 2009, and are intended to satisfy the requirements of Section 409A(a)(2), (3) and (4) of the Code.  

The provisions of the Plan as amended and restated herein shall not apply to a Grandfathered Participant who Retires on or after March 11, 2005 and prior to April 1, 2007.  The rights and benefits of any such Grandfathered Participant shall be determined in accordance with the terms and provisions of the amendment to the Plan executed on May 24, 2006 (if the Participant Retires on or after May 24, 2006 and prior to April 1, 2007) or the amendment to the Plan dated March 11, 2005 (if the Participant Retires on or after March 11, 2005 and prior to May 24, 2006). 

Participation in the Plan is frozen effective December 31, 2004.  In addition, no Participant shall accrue additional benefits under this Plan on account of Compensation paid after March 31, 2007. 

ARTICLE 1

DEFINITIONS

1.01

Accounting Firm

Accounting Firm means the accounting firm, consulting firm or other qualified service provider designated by the Corporation.

1.02

Administrator

Administrator means an administrative committee composed of the Corporation’s Senior Vice President – Human Resources and Vice President – Compensation and Benefits, provided that no member of such committee shall take part in any discretionary administrative decision with respect to such member’s benefits (if any) under the Plan.  Notwithstanding the foregoing, the Compensation Committee in its discretion may remove or replace any member of the administrative committee, or name a different committee or an individual to serve as Administrator hereunder.

1.03

Affiliate

Affiliate means any related person or entity that along with the Corporation would be considered a single employer under Code Section 414(b) or (c), provided that in applying such rules the existence of a controlled group of corporations or of a group of trades or businesses under common control shall be based on a threshold of 50% instead of 80%.  A person or entity shall be considered an Affiliate only during the time it would be considered a single employer with the Corporation under such provisions.

1.04

Board

Board means the Board of Directors of the Corporation.

1.05

Cash Balance Plan

Cash Balance Plan means the Alliance One International, Inc. Pension Plan (formerly known as the DIMON Incorporated Cash Balance Plan), and any successor thereto.

1.06

Capped Parachute Payments

Capped Parachute Payments means the largest amount of Parachute Payments that may be paid to the Participant without liability under Code Section 4999.

1.07

Cause

A Participant’s termination of employment will be deemed to have been “for Cause” hereunder if the Administrator determines that the Participant’s employment was terminated in whole or in part by reason of (i) one or more violations of the Corporation’s Code of Conduct (as in effect from time to time) or (ii) one or more violations of law (other than misdemeanor traffic violations) that injure or damage the business reputation or prospects of the Corporation or an Affiliate.

1.08

Change in Control

Effective on and after April 1, 2007, Change in Control means that (i) any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended) becomes the beneficial owner, directly or indirectly, of securities of the Corporation representing more than 30% of the aggregate voting power of all classes of the Corporation’s voting securities on a fully diluted basis, after giving effect to the conversion of all outstanding warrants, options and other securities of the Corporation convertible into or exercisable for voting securities of the Corporation (whether or not such securities are then exercisable); (ii) the shareholders of the Corporation approve (A) a plan of merger, consolidation or share exchange between the Corporation and an entity other than a direct or indirect wholly-owned subsidiary of the Corporation or (B) a proposal with respect to the sale, lease, exchange or other disposal of all, or substantially all, of the Corporation’s property; or (iii) during any period of two consecutive years (which period may be deemed to begin prior to the date of this agreement), individuals who at the beginning of such period constituted the Board, together with any new members of the Board whose election by the Board or whose nomination for election by the shareholders of the Corporation was approved by a majority of the members of the Board then still in office who either were directors at the beginning of such period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board.

1.09

Code

Code means the Internal Revenue Code of 1986, as amended, or any successor thereto, as in effect at the relevant time.

1.10

Compensation

Compensation means the taxable earnings for services rendered as an Employee and paid in cash by the Corporation and its Affiliates to the Participant, plus amounts deferred or contributed under Code Sections 401(k), 125, 129 or 132(f)(4) pursuant to the Participant’s salary reduction agreement, but excluding commissions, extra pay for temporary foreign service, amounts paid as special incentive bonuses under incentive programs established in connection with the merger of Standard Commercial Corporation and DIMON Incorporated, and severance or similar benefits paid by the Corporation or any Affiliate on account of termination of employment.  Compensation shall not include any amount paid or payable after March 31, 2007.

1.11

Compensation Committee

Compensation Committee means the Executive Compensation Committee of the Board (or such other committee of the Board appointed by the Board to administer the Plan).

1.12

Control Change Date

Control Change Date means the date on or after April 1, 2007, on which all of the events necessary for a Change in Control have occurred.

1.13

Corporation

Corporation means Alliance One International, Inc. and any successor corporation.

1.14

Credited Compensation

(a)

If the Participant dies or Retires prior to April 1, 2007, Credited Compensation means 1.1% multiplied by years of Credited Service multiplied by the average of the Compensation paid to the Participant with respect to periods of employment with the Corporation or an Affiliate during the five consecutive Fiscal Years during the last ten Fiscal Years that the Participant was employed by the Corporation or an Affiliate that yields the highest number.

(b)

If the Participant dies or Retires on or after April 1, 2007, Credited Compensation means 1.1% multiplied by years of Credited Service multiplied by the Participant’s Frozen Average Compensation. 

1.15

Credited Service

Credited Service means a Participant’s total period of service as an Employee who is compensated on a salaried basis, determined as of December 31, 2004, plus the additional years of Credited Service, if any, that the Participant would earn on account of continued employment as a salaried employee of the Corporation after such date until the date the Participant would attain age 65.  All periods of such service (whether or not consecutive or continuous) shall be aggregated and twelve months of such service shall constitute a year of Credited Service.

1.16

Employee

Employee means a person who is an employee of the Corporation or an Affiliate.

1.17

Excess Parachute Payment Amount

Excess Parachute Payment Amount means the excess of the total amount of Parachute Payments over the amount of Capped Parachute Payments.

1.18

Fiscal Year

Fiscal Year means the Corporation’s taxable year for Federal income tax purposes.

1.19

Frozen Average Compensation

Frozen Average Compensation means the average of the Compensation paid to the Participant during the five consecutive Fiscal Years in the ten Fiscal Years immediately preceding April 1, 2007, that yields the highest such average.

1.20

Grandfathered Participant

A Participant is a Grandfathered Participant only if and so long as all of the following requirements are satisfied:

(a)

The entire benefit payable with respect to the Participant under this Plan was earned and vested and no longer subject to a substantial risk of forfeiture as of December 31, 2004, as determined in accordance with Code Section 409A and applicable guidance thereunder;

(b)

No portion of the benefit payable with respect to the Participant under the Plan has been materially modified after October 3, 2004, as determined in accordance with Code Section 409A and applicable guidance thereunder; and

(c)

Code Section 409A does not otherwise apply to any portion of the Participant’s benefit when the benefit becomes payable or benefit payments commence.

1.21

Joint and Survivor Annuity

Joint and Survivor Annuity means an annuity benefit under which equal monthly installments are payable to the Participant during his lifetime and under which, upon the earlier death of the Participant, monthly installments are payable to the Surviving Spouse during her lifetime in an amount equal to 50% of the Participant’s monthly payment.  The Joint and Survivor Annuity shall be actuarially equivalent (using the actuarial assumptions and methods applicable to the Cash Balance Plan) in value to the Participant’s Normal Retirement Allowance.

1.22

Net After-Tax Amount

Net After-Tax Amount means the amount of any Parachute Payments or Capped Parachute Payments, as applicable, net of taxes imposed under Code Sections 1, 3101(b) and 4999 and any State or local income taxes applicable to the Participant as in effect on the date of the first payment under this Plan after a Control Change Date. The determination of the Net After-Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Parachute Payments, as applicable, in effect for the year in which the determination is made.

1.23

Normal Form

Normal Form means payment of a benefit in the form of a single life annuity payable monthly and commencing as of the Participant’s Normal Retirement Date.

1.24

Normal Retirement Allowance

Normal Retirement Allowance means the benefit described in Section 3.01.

1.25

Normal Retirement Date

Provided that the Participant has met the vesting requirements of Section 4.01, 4.02 or 4.03, Normal Retirement Date means the first day of the month next following the later of:

(a)

The Participant’s Separation from Service; or

(b)

The date the Participant has both attained age 60 (55 if the Participant had the title of Senior Vice President or above with DIMON Incorporated (or one of its predecessors) prior to July 1, 1995), and satisfied the rule of 85, or the date the 

Participant would have satisfied such requirements but for his Separation from Service.  The Participant will satisfy the rule of 85 when the sum of his age (in years) and his Years of Service equals 85. 

1.26

Offset Amount

Offset Amount means the sum of the benefits, if any, accrued for or on behalf of a Participant under the Cash Balance Plan, the Alliance One International, Inc. Global Pension Plan (or its successor) and the Alliance One Brasil Exportadora de Tobacos Ltda Pension Plan (or its successor).  The Offset Amount shall be expressed as a monthly amount that would be paid in the Normal Form.  To calculate the Offset Amount, the Administrator shall convert each benefit that is includible in the Offset Amount into an actuarially equivalent monthly benefit expressed in the Normal Form, and then add such monthly amounts together.  The following special rules shall apply:

(a)

The Offset Amount shall be determined as of the date of the Participant’s Separation from Service or, for purposes of determining any benefit payable under Section 3.03, the Participant’s death.

(b)

Actuarial equivalence shall be determined using the actuarial assumptions and methods applicable to the Cash Balance Plan as of the Participant’s Separation from Service or, for purposes of determining any benefit payable under Section 3.03, the Participant’s death. 

(c)

The Administrator may adopt such procedures and conventions as it deems necessary or appropriate to calculate the Offset Amount hereunder, including but not limited to procedures and conventions for converting amounts expressed in different currencies into the corresponding amounts expressed in the currency in which Plan benefits will be paid.

1.27

Parachute Payment

Parachute Payment means a payment that is described in Code Section 280G(b)(2) (without regard to whether the aggregate present value of such payments exceeds the limit prescribed by Code Section 280G(b)(2)(A)(ii)). The amount of any Parachute Payment shall be determined in accordance with Code Section 280G and the regulations promulgated thereunder. 

1.28

Participant

Participant means an Employee who satisfies the requirements of Article 2.

1.29

Plan

Plan means this Alliance One International, Inc. Pension Equity Plan.

1.30

Pro Ration Percentage

Pro Ration Percentage means the percentage determined by adding the “service fraction” and the “age fraction” and dividing the sum by two.

(a)

In the case of a Participant who had the title Senior Vice President or above with the Corporation or an Affiliate on July 1, 1995:

(i)

The “service fraction” is a fraction in which the numerator is the Years of Service (in whole and fractional years, but not to exceed thirty) credited to the Participant on the date of termination of employment with the Corporation and its Affiliates and the denominator of which is thirty; and

(ii)

The “age fraction” is a fraction in which the numerator is the Participant’s age (in whole and fractional years, but not to exceed fifty-five) on the date of termination of employment with the Corporation and its Affiliates and the denominator of which is fifty-five.

(b)

In the case of a Participant who is not described in paragraph (a) above:

(i)

The “service fraction” is a fraction in which the numerator is the Years of Service (in whole and fractional years, but not to exceed twenty-five) credited to the Participant on the date of termination of employment with the Corporation and its Affiliates and the denominator of which is twenty-five; and

(ii)

The “age fraction” is a fraction in which the numerator is the Participant’s age (in whole and fractional years, but not to exceed sixty) on the date of termination of employment with the Corporation and its Affiliates and the denominator of which is sixty.

By way of illustration, a Participant who was not a Senior Vice President or above on July 1, 1995, and who terminates employment at age fifty and after completing eighteen Years of Service and after satisfying the vesting requirements of Section 4.02 will have a “service fraction” of 18/25 and an “age fraction” of 50/60 or 5/6. In that example, the Pro Ration Percentage is 77.7% (18/25 plus 5/6) divided by 2 = (.72 plus .833) divided by 2.

1.31

Retirement, Retire, Retired or Retires

Retirement, Retire, Retired or Retires means the termination of a Participant’s employment with the Corporation or an Affiliate for any reason other than the Participant’s death prior to his Normal Retirement Date.

1.32

Separation from Service

Separation from Service means the Participant’s “separation from service” with the Corporation and its Affiliates within the meaning of Code Section 409A(a)(2)(A)(i) and applicable regulations and other guidance thereunder.  A Separation from Service shall not have occurred:

(a)

So long as the employment relationship is treated as continuing intact under Treasury Regulation § 1.409A-1(h)(i); or

(b)

If the Participant continues to provide more than insignificant services as an employee, consultant or other service provider to the Corporation or any Affiliate.  The Participant will be deemed to be providing more than insignificant services after a particular date unless the facts and circumstances indicate that the Corporation and the Participant reasonably anticipate that the level of bona fide services the Participant will perform after such date would permanently decrease to no more than 20% of the average level of the Participant’s bona fide services over the preceding 36-month period.  The provisions of this paragraph shall be administered in a manner consistent with Treasury Regulation § 1.409A-1(h)(ii).

1.33

Spouse or Surviving Spouse

Spouse means the person to whom the Participant is legally married on the date the Participant Retires or dies.  Surviving Spouse means the Spouse, provided that the Spouse survives the Participant. 

1.34

Year of Service

Year of Service means a year of vesting service as determined under the Cash Balance Plan.  If the Participant is not a participant in the Cash Balance Plan, a Year of Service shall be twelve (12) months of active service as an Employee of the Corporation and its Affiliates, whether or not consecutive.  An Employee shall receive credit for one (1) month of active service for each calendar month in which he performs substantial services for the Corporation or an Affiliate, as determined by the Administrator.

ARTICLE 2

PARTICIPATION

Participation in the Plan shall be limited to Employees who were participating in the Plan as of December 31, 2004.  A Participant shall cease to be a Participant in the Plan on the date that he ceases to be an Employee unless, as of that date, he is entitled to receive a benefit under the Plan in accordance with Articles 3 and 4.

ARTICLE 3

RETIREMENT ALLOWANCE

3.01

Normal Retirement Allowance

Subject to the requirements and limitations of Article 4 and Section 8.01, a Participant who Retires shall be entitled to receive a Normal Retirement Allowance under the Plan.  The Normal Retirement Allowance is a monthly benefit commencing in the month that includes the Participant’s Normal Retirement Date and ending with the payment for the month in which the Participant dies.  The Normal Retirement Allowance shall be paid in accordance with Section 3.02.

(a)

If a Participant Retires on or after satisfying the vesting requirements of Section 4.01, the Normal Retirement Allowance is a monthly benefit which shall be equal to the difference between (i) and (ii) below where

(i)

= the Participant’s Credited Compensation divided by twelve (12), and

(ii)

= the Offset Amount.

(b)

If a Participant Retires on or after satisfying the vesting requirements of Section 4.02 but before satisfying the vesting requirements of Section 4.01, the Normal Retirement Allowance is a monthly benefit which shall be equal to the difference between (i) and (ii) below where

(i)

= the product of the Pro Ration Percentage times the Participant’s Credited Compensation, divided by twelve (12), and

(ii)

= the Offset Amount.

3.02

Time and Form of Payment of Normal Retirement Allowance

(a)

If the Participant is married on his Normal Retirement Date, the Corporation will pay the Normal Retirement Allowance to the Participant in the form of an actuarially equivalent Joint and Survivor Annuity commencing in the month that includes the Participant’s Normal Retirement Date.  

(b)

If the Participant is not married on his Normal Retirement Date, the Corporation will pay the Normal Retirement Allowance to the Participant in the form of a life annuity with monthly payments commencing in the month that includes the Participant’s Normal Retirement Date. 

(c)

If the Participant’s Normal Retirement Date is the date of the Participant’s Separation from Service or within the six month period immediately following the Participant’s Separation from Service, the Corporation shall withhold monthly payments due during such period, and shall pay the amounts withheld in a single sum with interest at an annual rate of 5% in the seventh month following the Participant’s Separation from Service.

(d)

No benefits will be payable pursuant to Section 3.01 or 3.02 if the Participant dies before his Normal Retirement Date.  If the Participant dies on or after his Normal Retirement Date but before payments begin pursuant to paragraph (c) above, any unpaid amounts as of the Participant’s date of death shall be paid to the Participant’s Surviving Spouse at the same time such amounts would have been paid to the Participant.  If the Participant does not have a Surviving Spouse, such amounts shall be paid to the Participant’s estate at the same time such amounts would have been paid to the Participant.

(e)

Notwithstanding any provision of the Plan to the contrary, except as required to comply with Section 409A(a)(2)(B)(i), the provisions of the Plan as amended and restated herein shall not cause any amounts otherwise payable to a Participant in 2008 (under the terms of the March 30, 2007 amendment to the Plan) to be paid after 2008, and shall not cause any amounts otherwise payable after 2008 (under the terms of the March 30, 2007 amendment to the Plan) to be paid in 2008.

3.03

Pre-Retirement Death Benefit

If a Participant dies before his Normal Retirement Date but after the earlier of attaining age fifty (50) or satisfying the vesting requirements of Section 4.01 or 4.02, a monthly allowance shall be paid to the Participant’s Surviving Spouse, if any, commencing in the month immediately following the later of the month in which the Participant would have attained age sixty (60) and the month in which the Participant dies, and ending with the payment for the month in which the Surviving Spouse dies. 

(a)

If the Participant dies after attaining age fifty (50) but before attaining age sixty (60), the monthly allowance payable to the Surviving Spouse shall be equal to the monthly amount that would be payable to the Surviving Spouse under a survivor annuity had the Participant Retired on his date of death, started receiving payment of his Normal Retirement Allowance in the month in which he attained age (60) in the form of an actuarially equivalent Joint and Survivor Annuity, and died on the last day of such month.  

(b)

If the Participant dies on or after attaining age sixty (60), the monthly allowance payable to the Surviving Spouse shall be equal to the monthly amount that would be payable to the Surviving Spouse under a survivor annuity had the Participant Retired on the day before his date of death and started receiving payment of his Normal Retirement Allowance in the month of his Retirement in the form of an actuarially equivalent Joint and Survivor Annuity, and died on the last day of such month. 

(c)

For purposes of this Section 3.03, the Normal Retirement Allowance shall be calculated under Section 3.01(b) unless prior to his date of death the Participant had satisfied the vesting requirements of Section 4.01, in which case the Normal Retirement Allowance shall be calculated under Section 3.01(a).

No benefit shall be payable under this Section unless the Participant dies after attaining age fifty (50) but before benefit payments have commenced pursuant to Article 3.

3.04

Delay of Payments

Notwithstanding the foregoing provisions of Article 3, the Corporation will delay any payment due to the Participant or Surviving Spouse hereunder if the Administrator reasonably anticipates that the making of the payment will violate Federal securities laws or other applicable laws, provided that any payment delayed pursuant to this paragraph shall be paid at the earliest date at which the Administrator reasonably anticipates that the making of the payment will not cause such a violation.  If the making of a payment at the time specified under the Plan would jeopardize the ability of the Corporation and its Affiliates to continue as a going concern, the payment will be treated for purposes of this Plan as made upon the date specified under the Plan if the payment is made during the first taxable year of the Participant in which the making of the payment would not have such effect.

3.05

Certain Retired Participants as of December 31, 2008

If the Participant and the Corporation have entered into a release agreement or any other agreement (including but not limited to an amendment to an existing employment agreement) in connection with the Participant’s Retirement on or after January 1, 2005 and before January 1, 2009, and the provisions of the release agreement specify the amount of the Participant’s Normal Retirement Allowance and the amount of the surviving spouse’s death benefit, the amounts so specified shall be deemed correct for purposes of Sections 3.01 and 3.02 hereunder.

ARTICLE 4

VESTING

4.01

Normal Vesting

No benefit will be payable to a Participant or Surviving Spouse under the provisions of Sections 3.01 and 3.02 hereunder unless the Participant has satisfied the vesting requirements of this Section 4.01 or Section 4.02.  A Participant will satisfy the vesting requirements of this Section 4.01 if the Participant remains actively employed by the Corporation or an Affiliate until the earliest of:

(a)

March 31, 2012;

(b)

The date as of which the Participant has attained age sixty (60) and the sum of the Participant’s age and the number of Years of Service credited to the Participant equals or exceeds eighty-five (85); or 

(c)

If the Participant had the title of Senior Vice President or above with DIMON Incorporated (or one of its predecessors) prior to July 1, 1995, the date as of which the Participant has attained age fifty-five (55) and the sum of the Participant’s age and the number of Years of Service credited to the Participant equals or exceeds eighty-five (85).

4.02

Change in Control

Subject to Sections 4.04 and 8.01, any Participant who is an Employee of the Corporation or an Affiliate on a Control Change Date and who Retires before satisfying the vesting requirements of Section 4.01 shall be entitled to a Normal Retirement Allowance in accordance with Sections 3.01(b) and 3.02.

4.03

Transition Rules

Notwithstanding the provisions of Sections 4.01 and 4.02, any Participant who is an Employee on May 13, 2005 shall be deemed to have satisfied the vesting requirements of Section 4.02 and shall be entitled to a Normal Retirement Allowance in accordance with Sections 3.01(b) and 3.02 if, on or before May 13, 2007 and before satisfying the vesting requirements of Section 4.01, the Participant is terminated without Cause or the Participant resigns for Good Reason.  For purposes of this Section 4.03, the terms “Cause” and “Good Reason” shall have the meanings assigned to them under the amendment to the Plan executed on May 24, 2006.

4.04

Forfeiture Upon Termination for Cause

Notwithstanding Sections 4.01and 4.02, if the Participant’s employment with the Corporation or an Affiliate is terminated for Cause, all rights of the Participant and any Surviving Spouse or other person claiming under or through him hereunder shall be forfeited and no further payments hereunder (pursuant to Article 3 or otherwise) shall be made to the Participant or any Surviving Spouse or other person claiming under or through him.

ARTICLE 5

ADMINISTRATION OF THE PLAN

5.01

Powers of Administrator 

The Plan shall be administered by the Administrator.  The Administrator shall have the discretionary powers and authority as are necessary for the proper administration of the Plan, including, but not limited to, the discretionary power and authority to:

(a)

Interpret the Plan and other documents, decide questions and disputes, supply omissions, and resolve inconsistencies and ambiguities arising under the Plan and other documents, which interpretations and decisions shall be final and binding on all Participants and beneficiaries;

(b)

Make any other determinations that it believes necessary or advisable for the administration of the Plan;

(c)

Establish rules, regulations and forms of agreements and other instruments relating to the administration of the Plan not inconsistent with the Plan;

(d)

Maintain any records necessary in connection with the operation of the Plan;

(e)

Retain counsel, employ agents, and provide for such clerical, accounting, actuarial, and consulting services as it deems necessary or desirable to assist it in the administration of the Plan;

(f)

Make benefit payments and determine benefit decisions upon claims and appeal to the extent it has the authority to make such claim and appeal determinations under Article 6; and

(g)

Otherwise administer the Plan in accordance with its terms.

5.02

Delegation

In its absolute discretion, the Administrator may delegate all or any part of its authority hereunder and other administrative duties of the Administrator to an employee or a committee composed of employees of the Corporation and all reference to the Administrator in the Plan shall be deemed to include any such delegate to the extent authorized by such delegation.  Decisions and determinations made by the Administrator or an employee or committee of employees acting within the scope of authority delegated by the Administrator shall be final and 

binding upon all persons. No determination of the Administrator in one case shall create a bias or retroactive adjustment in any other case.

5.03

Costs

The costs of administering the Plan shall be borne by the Corporation.

5.04

Reliance

The Administrator shall be entitled to, in good faith, rely or act upon any report or other information furnished to it by any officer or other employee of the Corporation or any Affiliate, the Corporation’s independent certified public accountants, or any executive compensation consultant, legal counsel, or other professional retained by the Corporation or an Affiliate to assist in the administration of the Plan.  To the maximum extent permitted by law, no person serving as the Administrator (or a member of a committee acting as Administrator), nor any person to whom ministerial duties have been delegated, shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of the Plan.

5.05

Indemnification

The Corporation shall indemnify all of its and its Affiliates’ employees and directors involved in the administration of the Plan (the “indemnified parties”) against any and all claims, losses, damages, costs and expenses, including attorney’s fees, incurred by the indemnified parties, and any liability, including any amounts paid in settlement with the Corporation’s approval, arising from an indemnified party’s action or failure to act, except when the action or failure to act is judicially determined to be attributable to the indemnified party’s gross negligence or willful misconduct.

5.06

Cooperation

To enable the Administrator to perform its functions, the Corporation and its Affiliates shall supply full and timely information to the Administrator on all matters relating to the compensation of all Participants, their retirement, death or other reason for termination of employment, and such other pertinent facts as the Administrator may require.

ARTICLE 6

CLAIM AND APPEAL PROCEDURES

The following claim and appeal procedure shall apply with respect to the Plan: 

6.01

Filing of a Claim for Benefits

If the Participant or Surviving Spouse (the “claimant”) believes that he is entitled to benefits under the Plan which are not being paid to him or which are not being accrued for his benefit, he shall file a written claim with the Administrator within sixty (60) days after the latest date for payment of the claimed benefit under the terms of the Plan. 

6.02

Notification to Claimant of Decision

Within 90 days after receipt of a claim by the Administrator (or within 180 days if special circumstances require an extension of time), the Administrator shall notify the claimant of its decision with regard to the claim.  In the event of such special circumstances requiring an extension of time, there shall be furnished to the claimant prior to expiration of the initial 90-day period written notice of the extension, which notice shall set forth the special circumstances and the date by which the decision shall be furnished.  If such claim shall be wholly or partially denied, notice thereof shall be in writing and worded in a manner calculated to be understood by the claimant, and shall set forth: (i) the specific reason or reasons for the denial; (ii) specific reference to pertinent provisions of the Plan on which the denial is based; (iii) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; and (iv) an explanation of the procedure for review of the denial. 

6.03

Procedure for Appeal and Review

Within 60 days following receipt by the claimant of notice denying his claim, in whole or in part, or, if such notice shall not be given, within 60 days following the last date on which such notice could have been timely given, the claimant may appeal denial of the claim by filing a written application for review with the Appeals Committee.  Following such request for review, the Appeals Committee shall fully and fairly review the original decision denying the claim.  Prior to the decision of the Appeals Committee on review, the claimant shall be given an opportunity to review pertinent documents and to submit issues and comments in writing.  The members of the Appeals Committee shall be the Corporation’s Chief Executive Officer, Chief Financial Officer, and Chief Legal Officer.  In the event the claimant is a member of the Appeals Committee or the claim relates to such member’s benefits under the Plan, such member shall not participate in the Appeals Committee’s review or decision-making with respect to the appeal.  In administering the Plan’s procedures for appeals and in deciding the outcome of appeals, the Appeals Committee shall have all of the powers and discretion of the Administrator. 

6.04

Decision on Review

The decision on review of a claim denied in whole or in part shall be made in the following manner:

(a)

Within 60 days following receipt by the Appeals Committee of the request for review (or within 120 days if special circumstances require an extension of time), the Appeals Committee shall notify the claimant in writing of its decision with regard to the claim.  In the event of such special circumstances requiring an extension of time, written notice of the extension shall be furnished to the claimant prior to the commencement of the extension.  

(b)

With respect to a claim that is denied in whole or in part, notice of the decision on review shall be written in a manner calculated to be understood by the claimant and shall include specific reasons for the decision, reference to specific Plan provisions on which the decision is based, a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all documents, records and other information relevant to the claimant’s claim, and a 

statement describing the claimant’s right to bring an action under Section 502(a) of ERISA. 

(c)

The decision of the Appeals Committee shall be final and conclusive.

6.05

Action by Authorized Representative of Claimant

All actions set forth in this Article 6 to be taken by the claimant may likewise be taken by a representative of the claimant duly authorized by him to act on his behalf on such matters.  The Administrator may require such evidence as it may reasonably deem necessary or advisable of the authority to act of any such representative.

6.06

Exhaustion of Administrative Remedies and Deadline for Filing Suit

A claimant must exhaust his or her administrative remedies under the Plan before filing a suit for benefits, and until the claimant exhausts such remedies he or she shall be barred from filing suit to recover benefits under the Plan.  A claimant who has exhausted his or her administrative remedies must file suit no later than 180 days after the Appeals Committee makes a final determination to deny the claim pursuant to Section 6.04, and a claimant who fails to file suit within such time limit shall be forever barred from filing suit to recover on the claim. 

ARTICLE 7

TERMINATION, AMENDMENT OR MODIFICATION OF PLAN

7.01

Reservation of Rights

Subject to the limitations set forth in Section 7.02. the Compensation Committee shall have the power to amend or terminate the Plan at any time for any reason. 

7.02

Limitation on Actions

The rights of the Corporation set forth in the preceding Section are subject to the following limitations:

(a)

The Compensation Committee shall take no action to amend or terminate the Plan or decrease the benefit that would become payable or is payable, as the case may be, with respect to a Participant or his Surviving Spouse after a Control Change Date or after the Participant has satisfied the requirements of Section 4.01, 4.02 or 4.03 unless the Participant agrees to such amendment or termination in writing.

(b)

No such action to amend or terminate the Plan shall have the effect of changing the provisions of the Plan applicable to any Participant or Surviving Spouse in a manner that would trigger the additional taxes provided under Code Section 409A(a)(1)(B).  

Notwithstanding the provisions of paragraph (a) above, the Compensation Committee shall have the power to amend this Plan from time to time without the consent of any Participant or other party to the extent the Compensation Committee deems necessary or appropriate to preserve the intended tax treatment of benefits payable hereunder.

ARTICLE 8

MISCELLANEOUS

8.01

Limitation on Benefits

(a)

This Section 8.01 shall apply only if:

(i)

Accelerating the vesting of the Participant’s benefits pursuant to Section 4.02 would cause any portion of the benefits payable under this Plan to constitute Parachute Payments that are subject to the “golden parachute” rules of Code Section 280G and the excise tax of Code Section 4999; and

(ii)

A reduction in the Parachute Payments would allow the Participant to receive a greater Net After-Tax Amount than he would receive absent a reduction.

(b)

In the event of a Change in Control, the Accounting Firm will determine for each Participant to whom Section 4.02 may apply:

(i)

The amount of Parachute Payments attributable to accelerating vesting of the Participant’s benefits under this Plan upon the Change in Control;

(ii)

The total amount of any Parachute Payments that would payable to the Participant on account of the Change in Control without regard to this Section;

(iii)

The Net After-Tax Amount attributable to the Participant’s total Parachute Payments;

(iv)

The amount of the Participant’s Capped Parachute Payments; 

(v)

The Net After-Tax Amount attributable to the Participant’s Capped Parachute Payments; and

(vi)

The Excess Parachute Payment Amount.

(c)

The Participant will become fully vested under the Plan pursuant to Section 4.02 unless the Accounting Firm determines that the Capped Parachute Payments would yield the Participant a higher Net After-Tax Amount. 

(d)

No portion of the Participant’s benefit under the Plan shall vest on account of the Change in Control if the Accounting Firm determines that the Capped Parachute Payments would yield the Participant a higher Net After-Tax Amount, and the amount determined under paragraph (b)(i) above is less than or equal to the Excess Parachute Payment Amount.  However, this paragraph shall only apply if the Participant’s benefits under this Plan and all other plans and arrangements can be reduced to the Capped Parachute Payment amount. 

(e)

If the Accounting Firm determines that the Capped Parachute Payments would yield the Participant a higher Net After-Tax Amount, and the amount determined 

under paragraph (b)(i) above is greater than the Excess Parachute Payment Amount, then the vesting percentage in Section 4.02 shall be reduced below 100% to the extent necessary so that the Participant only receives the Capped Parachute Payment amount. 

(f)

If the Administrator determines that the Participant’s Parachute Payments are subject to reduction or modification under any other plan, agreement or arrangement, the Administrator shall apply the provisions of this Plan (including this Section 8.01) before applying the provisions of the other plans, agreements or arrangements.  If another plan, agreement or arrangement contains ordering rules that conflict with this Section 8.01, the Administrator shall first apply the more recently adopted Parachute Payment limitations. 

(g)

All determinations made by the Accounting Firm under this Section 8.01 are binding on the Participant and the Corporation and its Affiliates. 

(h)

The provisions of this Section 8.01 shall apply only if and to the extent such application will not have the effect of delaying or accelerating any payment of deferred compensation in violation of Code Section 409A.  The provisions of this Section 8.01 shall be interpreted and implemented in a manner that will not subject the Participant to the taxes imposed by Code Section 409A. 

8.02

Unfunded Plan

The Corporation and its Affiliates have only a contractual obligation to make payments of the benefits described in the Plan. All benefits are to be satisfied solely out of the general corporate assets of the Corporation and its Affiliates which shall remain subject to the claims of its creditors. No assets of the Corporation or its Affiliates will be segregated or committed to the satisfaction of any obligations to any Participant or Surviving Spouse under this Plan. If the Corporation or an Affiliate, in its sole discretion, elects to purchase life insurance on the life of a Participant in connection with the Plan, the Participant must submit to a physical examination, if required by the insurer, and otherwise cooperate in the issuance of such policy or his rights under the Plan will be forfeited. 

8.03

Other Benefits and Agreements

The benefits, if any, provided for a Participant or a Surviving Spouse under the Plan are in addition to any other benefits available to such persons under any other plan or program of the Corporation for its employees, and, except as otherwise expressly provided in this Plan, the Plan shall supplement and shall not supersede, modify or amend any other plan or program of the Corporation or an Affiliate in which a Participant is participating.

8.04

Facility of Payments

If any individual entitled to receive a payment under the Plan shall be physically, mentally or legally incapable of receiving or acknowledging receipt of such payment, the Administrator, upon the receipt of satisfactory evidence of incapacity and satisfactory evidence that another person or institution is maintaining him and that no guardian or administrator has been appointed for him, may cause any payment otherwise payable to him to be made to such 

person or institution so maintaining him.  Payment to such person or institution shall be in full satisfaction of all claims by or through the Participant to the extent of the amount thereof.

8.05

Restrictions on Transfer of Benefits

No right, title or interest of any kind in the Plan shall be transferable or assignable by a Participant or his or her Spouse or be subject to alienation, anticipation, encumbrance, garnishment, attachment, levy, execution or other legal or equitable process, nor subject to the debts, contracts, liabilities, engagements or torts of any Participant or his or her Spouse.  Any attempt to alienate, sell, transfer, assign, pledge, garnish, attach or take any other action subject to legal or equitable process or encumber or dispose of any interest in the Plan shall be void.

8.06

No Guarantee of Employment

The Plan does not in any way limit the right of the Corporation or an Affiliate at any time and for any reason to terminate the Participant’s employment or such Participant’s status as an officer of the Corporation or an Affiliate. In no event shall the Plan by its terms or implications constitute an employment contract of any nature whatsoever between the Corporation or an Affiliate and a Participant.

8.07

“Top Hat” Pension Benefit Plan

The Plan is an “employee pension benefit plan” within the meaning of ERISA.  However, the Plan is unfunded and maintained for a select group of management or highly compensated employees of the Corporation and its Affiliates and, therefore, it is intended that the Plan will be exempt from Parts 2, 3 and 4 of Title I of ERISA.  The Plan is not intended to qualify under Section 401(a) of the Code.

8.08

Receipt and Release

Payments (in any form) to any Participant or Surviving Spouse in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims for the benefits to which the payments relate against the Corporation and its Affiliates, and the Administrator may require such Participant or Surviving Spouse, as a condition to such payments, to execute a receipt and release to such effect. 

8.09

Reliance on Data

The Corporation and the Administrator shall have the right to rely on any data provided by the Participant or by any Surviving Spouse.  Such data provided by the Participant shall be binding upon any party seeking to claim a benefit through the Participant, and the Corporation and the Administrator shall have no obligation to inquire into the accuracy of any representation made at any time by the Participant or Surviving Spouse.

8.10

Withholding and Reporting

To the extent permitted under Code Section 409A and applicable regulations and other guidance thereunder, the Corporation and its Affiliates shall have the right to make such arrangements as they deem necessary or appropriate to deduct or withhold from any and all 

payments made pursuant to the Plan (or from any other compensation or benefits payable to the Participant or Surviving Spouse under any other arrangement) any taxes required by law to be withheld from a Participant or Surviving Spouse with respect to benefits accrued or paid under this Plan. 

8.11

Number and Gender

Wherever appropriate herein, words used in the singular shall be considered to include the plural and words used in the plural shall be considered to include the singular. The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender and the feminine gender shall be deemed to include the masculine gender.

8.12

Headings

The headings of sections and paragraphs herein are included solely for convenience, and if there is any conflict between such headings and the text of the Plan, the text of the Plan shall control.

8.13

Deferred Compensation

The Corporation intends that amounts payable to a Participant or Surviving Spouse pursuant to the Plan shall not be included in income for federal, state or local income tax purposes until the benefits are actually paid or delivered to such Participant or Surviving Spouse.  Accordingly, this Plan shall be interpreted and administered consistently with the requirements of Code Section 409A, as amended or supplanted from time to time, and current and future guidance thereunder.  

8.14

No Tax Representations

The Corporation and the Administrator do not represent or guarantee to any Participant or Surviving Spouse that any particular federal or state income, payroll or other tax treatment will result from the Participant’s participation in this Plan.  The Participant or Surviving Spouse is solely responsible for the proper tax reporting and timely payment of any income tax or interest for which the Participant or Surviving Spouse is liable as a result of the Participant’s participation in this Plan.

8.15

Binding Effect

The Plan shall be binding upon and inure to the benefit of the Corporation and its Affiliates, their respective successors and assigns, and on Participants and Beneficiaries and their respective heirs, executors and legal representatives.  

8.16

Severability

If any provision of the Plan should for any reason be declared invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall nevertheless remain in full force and effect but shall be interpreted and administered consistently with the requirements of Code Section 409A. 

8.17

Applicable Law

The Plan shall be construed in accordance with and governed by the laws of the State of North Carolina to the extent not superseded by federal law.

ARTICLE 9

ADOPTION AND EXECUTION.

The Executive Compensation Committee of the Board of Directors of Alliance One International, Inc. authorized the amendment and restatement of the Plan on November 6, 2008.  Pursuant to such authorization and as evidence of its adoption of the Plan as amended and restated herein, Alliance One International, Inc. has caused this instrument to be signed by its duly authorized representative this 30th day of December, 2008.

ALLIANCE ONE 

INTERNATIONAL, INC.

By

Michael K. McDaniel

Title

SVP Human Resources

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