Document:

Amended and Restated Burlington Northern Santa Fe Supplemental Retirement Plan

 Exhibit 10.1 
  
 THE BURLINGTON NORTHERN SANTA FE SUPPLEMENTAL RETIREMENT 
 PLAN 
  
 Effective October 1, 1996, as amended through July 21, 2005 
  
 Section 1 
  
 General 
  
 1.1 Purpose 
  
 Burlington Northern Santa Fe Corporation has established the Burlington Northern Santa Fe Supplemental Retirement Plan (the
“Supplemental Plan”), effective October 1, 1996 to enable eligible employees of the Company and its affiliates to receive retirement income and other benefits in addition to the retirement income and other benefits payable under the
qualified plans of the Company. The Company and any of its affiliates that adopts the Supplemental Plan with the consent of the Vice President – Human Resources and Medical of the Company (the “Administrator”) are referred to below
collectively as the “Employers” and individually as an “Employer”. 
  
 1.2 ERISA 
  
 For purposes of
applying Title I of ERISA, the Supplemental Plan consists of two components: (a) an “excess benefit” plan, within the meaning of section 3(36) of ERISA (the “Excess Plan”) and (b) a plan maintained primarily for the purpose of
providing supplemental retirement benefits for a select group of management or highly compensated employees within the meaning of section 301 (a)(3) of ERISA (the “Management Plan”). All benefits provided under the Supplemental Plan will
be provided under the Excess Plan component, except to the extent that such benefits may not be provided under an excess plan as defined under section 3{36) of ERISA. Any benefits that may not be provided under the Excess Plan component will be
provided under the Management Plan component. 
  
 1.3
Administration 
  
 The Supplemental Plan shall be administered by
the Administrator as more fully described in Section 5 hereof. 
  
 1.4 Source of Benefits 
  
 The amount of any benefit payable under the
Supplemental Plan will be paid in cash from the general assets of the Employers or from one or more trusts, the assets of which are subject to the claims of the Employers’ general creditors in the event of bankruptcy or insolvency. Such amounts
payable shall be reflected on the accounting records of the Employers but shall not be construed to create, or require the creation of, a trust, custodial or escrow account. Nothing contained in this Supplemental Plan and no action taken pursuant to
its provisions, shall create 

 a trust or fiduciary relationship of any kind between an Employer and an employee or any other person. Neither an
employee or beneficiary of an employee shall acquire any interest greater than that of an unsecured creditor, subject to any preferences provided by federal bankruptcy laws. 
  
 1.5 Applicable Laws 
  
 The Supplemental Plan shall be construed and administered in accordance with the internal laws of the State of Texas to the extent that such laws are not
preempted by the laws of the United States. 
  
 1.6 Gender and
Number 
  
 Where the context admits, words in any gender shall
include any other gender words, and the singular shall include the plural, and the plural shall include the singular. 
  
 1.7 Capitalized Terms 
  
 Capitalized terms shall have the meaning as defined herein or as defined in the Burlington Northern Santa Fe Retirement Plan (“Retirement
Plan”). 
  
 1.8 Severability of Plan Provisions 

 
 In the event any provision of the Supplemental Plan shall be held invalid
or illegal for any reason, any invalidity or illegality shall not affect the remaining parts of the Supplemental Plan, but the Supplemental Plan shall be construed and enforced as if the invalid or illegal provision had never been inserted, and the
Company shall have the right to correct and remedy such questions of invalidity or illegality by amendment as provided in the Supplemental Plan. 
  
 1.9 Notices 
  
 Any notice or document required to be filed with the Administrator under the Supplemental Plan will be properly filed if delivered or mailed by certified
mail to the Administrator or the Administrator’s delegate, in care of the Company, at its principal executive offices or such other address as may be specified by the Administrator. Any notice required under the Supplemental Plan may be waived
by the party entitled to notice. 
  
 Section 2 

 
 Participation 
  
 2.1 Participation 
  
 Subject to any conditions or limitations of the Supplemental Plan, each in
individual who was a Participant in the Santa Fe Pacific Supplemental Retirement Plan and the Burlington Northern Inc. Supplemental Benefits Plan immediately prior to the Effective Date 

 under the provisions of the predecessor supplemental plans relating to pension make-up benefits will continue to be a
Participant under this Section 2 on and after that date, and each other employee of an Employer who was not a Participant immediately prior to the Effective Date will automatically be enrolled in and become a a participant in the Supplemental Plan
under this section on the first day upon which he satisfies the following requirements: 
  
 (a) he is a participant in the Burlington Northern Santa Fe Retirement Plan; and 
  
 (b) his benefits under the Retirement Plan are limited as a result of any of the provisions set forth in subparagraphs (i) and/or (ii) below: 
  
 (i) the compensation limitations of section 401(a)(17) of the Code or the
benefit limitation of sections 415(b) or 415(e) of the Code; or 
  
 (ii) the Retirement Plan does not take into account as compensation any non- qualified deferred compensation, compensation foregone in exchange for a Company stock award as set forth in Schedule A to this Supplemental Plan, or any other
such compensatory arrangement as may be established by the Company as set forth in Schedule A. Schedule A is hereby attached hereto and incorporated by reference. 
  
 2.2 Plan Not Contract of Employment 
  
 The Supplemental Plan does not constitute a contract of employment, and participation in the Supplemental Plan will not give
any employee the right to be retained in the employ of any Employer nor any right or claim to any benefit under the Supplemental Plan, unless such right or claim has specifically accrued under the terms of the Supplemental Plan. 
  
 Section 3 
  
 Amount of Supplemental Plan Benefits 
  
 3.1 Amount of Benefits 
  
 A Participant under this Section 3 shall be eligible for a supplemental retirement benefit under this Supplemental Plan in an amount equal to: 

 
 (a) the amount of the monthly benefit to which the Participant, surviving
souse, or contingent annuitant as defined in the Retirement Plan would be entitled under the Retirement Plan, if (i) such benefit were determined without regard to the compensation limitations of section 401(a)(17) of the Code and without regard to
the limitations imposed by section 415 of the Code, and (ii) if not credited under the Retirement Plan, the Retirement Plan included as compensation any Participant contributions under a non-qualified deferred compensation arrangement, compensation
foregone in exchange for a Company stock award as set forth in Schedule A to this Supplemental Plan, or any other such compensatory arrangement as may be established by the Company as set forth in Schedule A. To the extent that any compensation is
taken into account under the Excess Plan, such compensation shall not be taken into account on the Management Plan. 

 REDUCED BY 
  
 (b) the amount of the actual benefit payable under the Retirement Plan to or on account of the Participant, surviving spouse, or contingent annuitant.

  
 Section 4 
  
 Vesting and Payment of Supplemental Benefits 
  
 4.1 Vesting 
  
 A Participant shall have become vested and have a nonforfeitable interest in his benefits determined under Section 4 of the
Supplemental Plan when and to the extent that his accrued benefit under the Retirement Plan becomes vested and nonforfeitable. Notwithstanding the foregoing provisions of this subsection 4.1, a Participant or his beneficiary shall have no right to
any benefits under the Supplemental Plan, if the Administrator or his Employer determines that he engaged in a willful, deliberate or grossly negligent act of commission or omission which is substantially injurious to the finances or reputation of
the Employers. 
  
 4.2 Payment of Plan Benefits to Participants

  
 A Participant’s vested benefits under the Supplemental
Plan will be paid to him in the same form, on the same dates and for the same period during which benefits are payable to him under the Retirement Plan, to the extent permitted under Section 409A of the Code. Subject to the last sentence of this
subsection 4.2 and notwithstanding any other provision of this Supplemental Plan to the contrary, a Participant may elect, not less than one (1) year prior to a Participant’s retirement date under the Supplemental Plan, subject to the
discretion of the Committee, to receive 
  

	(i)	a single sum in full satisfaction of any liability of the Supplemental Plan to such Participant calculated in accordance with Article 9.02(g) of the Retirement Plan, or

  

	(ii)	the single sum value of his vested benefits under the Supplemental Plan, calculated in accordance with Article 9.02(g) of the Retirement Plan, payable in monthly installments over a
period of five or ten years, beginning on the date that payment commences under the Retirement Plan, with such installment payments computed with reference to the interest discount rate for lump sums set forth in Schedule A of the Retirement Plan.

  
 If a Participant retires less than one year
after making such an election, the election shall have no force or effect. If a Participant changes an election, such a change will revoke any previous election if the change is made at least one year prior to the Participant’s retirement date
under the Supplemental Plan. Notwithstanding the above provisions of this 

 subsection 4.2 or any other provisions of this Supplemental Plan, it is intended that the Supplemental Plan shall in all
respects be operated in accordance with the provisions and principles of the American Jobs Creation Act of 2004. 
  
 4.3 Payment of Plan Benefits to Beneficiaries 
  
 If a Participant dies before he has commenced the receipt of vested benefits, his surviving spouse shall receive such death benefits or pre-retirement
surviving spouse benefits, if any, as would be provided under the Retirement Plan, calculated and paid in the same form and manner as under the Retirement Plan. If a Participant dies after he has commenced the receipt of benefits, there are no death
benefits payable under the Supplemental Plan except as may be provided under the distribution method applicable to such benefits in accordance with subsection 4.2 hereof, provided, however, that if a Participant elects to receive his vested benefits
in monthly installments over a period of five or ten years and dies before all of such installments have been paid, the payment of such installment benefits shall continue to the Participant’s Contingent Annuitant under the Retirement Plan for
the remainder of the installment period. 
  
 4.4 Alienation of
Benefits 
  
 The benefits payable to, or on account of, any
individual under the Supplemental Plan may not be voluntarily or involuntarily assigned or alienated. 
  
 4.5 Tax Liability 
  
 The Employers may withhold from any payment of benefits hereunder any taxes required to be withheld and such sum as the Employers may reasonably estimate
to be necessary to cover any taxes for which the Employers may be liable and which may be assessed with regard to such payment. 
  
 Section 5 
  
 Administration 
  
 5.1 Authority 
  
 The
Administrator shall have the following discretionary authority, powers, rights and duties in addition to those vested in the Administrator elsewhere in the Supplemental Plan: 
  
 (a) to adopt and apply in a uniform and nondiscriminatory manner to all persons similarly situated, such rules of procedure
and regulations as, in its opinion, may be necessary for the proper and efficient administration of the Supplemental Plan and as are consistent with the provisions of the Supplemental Plan; 
  
 (b) to enforce the Supplemental Plan in accordance with its terms and with
such applicable rules and regulations as may be adopted by the Administrator; 

 (c) to determine conclusively all questions arising under the Supplemental Plan, including the power to
determine the eligibility of employees and the rights of Participants and other persons entitled to benefits under the Supplemental Plan and their respective benefits, to make factual findings and to remedy ambiguities, inconsistencies or omissions
of whatever kind; 
  
 (d) to maintain and keep adequate records
concerning the Supplemental Plan and concerning its proceedings and acts in such form and detail as the Committee may decide; 
  
 (e) to direct all payment of benefits under the Supplemental Plan; and 
  
 (f) to employ such agents, attorney, accountants or other persons (who may also be employed by or represent the Employers)
for such purposes as the Administrator considers necessary or desirable to discharge the Administrator’s duties. 
  
 The Administrator may from time to time delegate duties to members of the Human Resources Department or other employees of the Company. 
  
 5.2 Information to be Furnished to the Administrator 
  
 The Employers shall furnish to the Administrator such data, tax withholding
certifications and information as may be required for it to discharge its duties, and the records of the Employers shall be conclusive on all persons unless determined to be incorrect. Participants and other persons entitled to benefits under the
Supplemental PIan must furnish to the Administrator such evidence, data or information as the Administrator considers desirable to carry out the Supplemental Plan. 
  
 5.3 Decisions 
  
 Any interpretation of the Supplemental Plan and any decision on any matter within the discretion of the Administrator made by the Administrator shall be
binding on all persons, provided, however, that any person claiming entitlement to benefits in an amount other than that received shall have the right after review and denial, in whole or in part, of such claim by the Administrator to a review of
such denial by the Burlington Northern Santa Fe Employee Benefits Committee (hereinafter the “Committee”). Such review shall be initiated by the written request therefore by such person filed with the Committee within 60 days after receipt
by the person of the denial by the Administrator. The Committee may from time to time delegate its duties to members of the Human Resources Department or other employees of the Company. A misstatement or other mistake of fact shall be corrected when
it becomes known, and the Administrator shall make such adjustment on account thereof as it considers equitable and practicable. 

 Section 6 
  

Amendment and Termination 
  
 6.1 Amendment and Termination 
  
 The Supplemental Plan may be amended at any time and from time to time by the Chief Executive Officer of the Company or resolution of the Board of
Directors of the Company; provided however, the Chief Executive Officer of the Company may not amend the Plan in any manner which would make benefit or other changes materially increasing an Employing Company’s liabilities under the Plan, make
amendments required by law to be approved by the Board of Directors or a committee thereof, make amendments which change the design of the Plan with respect to the allocation of responsibilities, or make changes affecting the Company’s
indemnification obligations. The Supplemental Plan may be terminated by resolution of the Board of Directors of the Company. No amendment or termination of the Supplemental Plan may: 
  
 (a) reduce or impair the interests of Participants in benefits being paid under the Supplemental Plan as of the date of the
amendment or termination, as the case may be; or 
  
 (b) reduce
the amount of Supplemental benefits payable to or on account of an employee of an Employer to an amount which is less that the amount to which he would be entitled in accordance with the provisions of the Supplemental Plan if the employee terminated
employment immediately prior to the date of the amendment or termination, as the case may be. 
  
 6.2 Merger 
  
 No Employer will
merge or consolidate with any other corporation, or liquidate or dissolve, without making suitable arrangements, satisfactory to the Administrator, for the payment of any benefits payable under the Supplemental Plan. 
  
 Section 7 
  
 Change in Control 
  
 7.1 Definition. 
  
 A “Change in Control” shall be deemed to have occurred if: 
  

	(1)	any “person” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than the Company,
any trustee or other fiduciary holding securities under an employee benefit plan of the Company, or any company owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of
the Company), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 25% or more of the combined voting power of the Company’s then
outstanding securities; 

	(2)	during any period of two consecutive years (not including any period prior to the effective date of this provision), individuals who at the beginning of such period constitute the
Board, and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in clause (1), (3) or (4) of this definition) whose election by the Board or nomination
for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute at least a majority thereof; 

  

	(3)	the stockholders of the Company approve a merger or consolidation of the Company with any other company other than (i) a merger or consolidation which would result in the voting
securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 80% of the combined voting power of the voting
securities of the Company (or such surviving entity) outstanding immediately after such merger or consolidation, or (ii) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no
“person” (as hereinabove defined) acquires more than 25% of the combined voting power of the Company’s then outstanding securities; or 

  

	(4)	the stockholders of the Company adopt a plan of complete liquidation of the Company or approve an agreement for the sale or disposition by the Company of all or substantially all of
the Company’s assets. For purposes of this clause (4), the term “the sale or disposition by the Company of all or substantially all of the Company’s assets” shall mean a sale or other disposition transaction or series of related
transactions involving assets of the company or of any direct or indirect subsidiary of the Company (including the stock of any direct or indirect subsidiary of the Company) in which the value of the assets or stock being sold or otherwise disposed
of (as measured by the purchase price being paid therefor or by such other method as the Board of Directors of the Company determines is appropriate in a case where there is no readily ascertainable purchase price) constitutes more than two-thirds
of the fair market value of the Company (as hereinafter defined). For purposes of the preceding sentence, the “fair market value of the Company” shall be the aggregate market value of the outstanding shares of Stock (on a fully diluted
basis) plus the aggregate market value of the Company’s other outstanding equity securities. The aggregate market value of the shares of Stock (on a fully diluted basis) outstanding on the date of the execution and delivery of a definitive
agreement with respect to the transaction or series of related transactions (the “Transaction Date”) shall be determined by the average closing price of the shares of Stock for the ten trading days immediately preceding the Transaction
Date. The aggregate market value of any other equity securities of the Company shall be determined in a manner similar to that prescribed in the immediately preceding sentence for determining the aggregate market value of the shares of Stock or by
such other method as the Board of Directors of the Company shall determine is appropriate. 

 Notwithstanding the foregoing, a merger, consolidation, acquisition of common control, or business
combination of the Company and a Class I Railroad or a holding company of a Class I railroad that is approved by the Board shall not constitute a “Change in Control” unless the Board makes a determination that the transaction shall
constitute a “Change in Control.” 
  
 7.2 Effect of a
Change in Control 
  
 Notwithstanding any other provision of the
Supplemental Plan to the contrary, in the event of a Change in Control, (i) each Participant shall immediately be fully vested in the amounts accrued under the Supplemental Plan and (ii) the present value of any benefits payable under this
Supplemental Plan shall be deposited in cash in the BNSF rabbi trust established for such purpose. 

 SCHEDULE A 
  
 Plans and Programs providing for non-qualified deferred compensation or compensation foregone in exchange for a Company stock award which is not taken into account under
the Retirement Plan but which is taken into account under the Supplemental Plan 
  
 Burlington Northern Inc. Deferred Compensation Plan 
  
 Santa Fe Pacific Supplemental Deferred Compensation Plan 
  
 Burlington Northern Santa Fe Incentive Bonus Stock Program 
  
 Burlington Northern Santa Fe Salary Exchange Option Program 
  
 Burlington Northern Santa Fe Estate Enhancement Program 
  
 Santa Fe Pacific Supplemental Retirement and Savings Plan 
  
 Burlington Northern Santa Fe Supplemental Investment and Retirement Plan 
  
 Other compensatory arrangement established by the Company relating to benefits under the Supplemental Plan 
  
 Retirement Benefit Agreement between R. D. Krebs and Santa Fe Pacific
Corporation, dated March 24, 1992 
  
 Retirement Benefit Agreement
between R. D. Krebs and Burlington Northern Santa Fe Corporation, dated December 12, 2001 
  
 Retirement Benefit Agreement between M. D. Dealy and The Atchison, Topeka and Santa Fe Railway Company, dated July 19, 1993 
  
 Retirement Benefit Agreement between BNSF Corporation and John Klaus, dated January 22, 2000 
  
 Retirement Benefit Agreement between Burlington Northern Santa Fe Corporation and Mr. Craig Hill, dated January 26, 2000

  
 Retirement Benefit Agreement between BNSF Corporation and Sami
Shalah, dated January 27, 2000 
  
 Retirement Benefit Agreement
between BNSF Corporation and Gloria Zamora, dated October 30, 2001 
  
 Retirement Benefit Agreement between Burlington Northern Santa Fe Corporation and Mr. Matthew K. Rose, dated April 19, 2002 
  
 Retirement Benefit Agreement between BNSF Corporation and John Lanigan, dated March 20, 2003 
  
 Retirement Benefit Agreement between Burlington Northern Santa Fe Corporation and Mr. Charles L. Schultz, dated May 22, 2003Amended and Restated Burlington Northern Santa Fe Supplemental Investment

 Exhibit 10.2 
  
 BURLINGTON NORTHERN SANTA FE CORPORATION 
  
 SUPPLEMENTAL INVESTMENT AND RETIREMENT PLAN 
  
 Effective January 1, 1997, as amended through July 21, 2005 
  
 ARTICLE I - GENERAL 
  
 Section 1.1 Establishment of Plan and Purpose. Burlington Northern Santa Fe Corporation, a Delaware Corporation, (hereinafter the
“Company”), has established the Burlington Northern Santa Fe Supplemental Investment and Retirement Plan, (hereinafter the “Plan”), effective January 1, 1997. This plan is intended to replace the Burlington Northern Inc.
Restoration Plan and the Santa Fe Pacific Corporation Supplemental Retirement and Savings Plan, and both plans shall hereby be merged into this Plan, provided, however, that any compensation deferred under the terms of a predecessor plan shall be
distributed pursuant to the terms of the deferral election made under such plan. The purpose of this Plan is to provide certain highly compensated employees of the Company and certain of its subsidiaries (hereinafter the “Employing
Companies”), the opportunity to defer the receipt of compensation and to receive additional retirement income from the Employing Companies. This plan is not intended to qualify under Section 401(a) of the Internal Revenue Code of 1986, as
amended (hereinafter the “Code”), or be subject to Parts 2, 3, or 4 of Title I of the Employee Retirement Income Security Act of 1974, as amended (hereinafter “ERISA”). 
  
 Section 1.2 Affiliated Companies. The term “Affiliated
Company” shall mean every corporation (including the Company) which is a member of a controlled group of corporations (within the meaning of Section 414(b) of the Internal Revenue Code). The Company and each Affiliated Company which, with the
consent of the Chief Executive Officer or Board of Directors of the Company, adopts the Plan are referred to herein collectively as the “Employing Companies” and individually as an “Employing Company”. 
  
 Section 1.3 Plan Administration. The authority to control and manage
the operation and administration of the Plan shall be vested in the Vice President – Human Resources and Medical of the Company (hereinafter the “Administrator”). Any interpretation of the Plan by the Administrator or the
Administrator’s delegate and any decision made by the Administrator or the Administrator’s delegate on any other matter within the Administrator’s discretion are final and binding on all persons. The Administrator shall have
discretionary authority to administer, construe and interpret the Plan, to decide all questions including but not limited to eligibility, payment of any benefits hereunder and to make all other determinations deemed necessary or advisable for the
administration of the Plan, provided, however, that any person claiming entitlement to benefits in an amount other than that received shall have the right after review and denial, in whole or in part, of such claim by the Administrator to a review
of such denial by the Burlington Northern Santa Fe Employee Benefits Committee (hereinafter the “Committee”). Such review shall be initiated by the written request therefore by such person filed with the Committee within 60 days after
receipt by the person of the denial by the Administrator. 

 The Committee shall act with or without a meeting by the vote or concurrence of a majority of its
members; but no member of the Committee who is a Participant shall take part in any Committee action or any matter that has particular reference to his own interest hereunder. The Administrator and the Committee shall discharge their
responsibilities hereunder in a uniform and non-discriminatory manner as to all Participants. 
  
 The Administrator and the Committee may from time to time delegate duties to members of the Human Resources Department or other employees of the Company. 
  
 Section 1.4 Non-Alienation. Benefits payable to any individual under the Plan may not be voluntarily or involuntarily
assigned, alienated, pledged or subject to attachment, anticipation, garnishment, levy, execution or other legal or equitable process. 
  
 Section 1.5 Source of Benefits. Subject to the terms and conditions of the Plan, any amount payable to or on account of a Participant under this
Plan by any Employing Company shall be paid from the general assets of that Employing Company or from one or more trusts, the assets of which are subject to the claims of the Employing Companies’ general creditors. None of the individuals
entitled to benefits under the Plan shall have any preferred claim on, or any beneficial ownership interest in, any assets of any Employing Company or of any such trust, and any rights of such individuals under the Plan or any such trust shall
constitute unsecured contractual rights only. 
  
 Section 1.6
Plan Not Contract of Employment. The Plan does not constitute a contract of employment, and nothing in the Plan will give any participant the right to be retained in the employ of any Employing Company, nor any right or claim to any benefit
under the Plan, except to the extent specifically provided under the terms of the Plan. 
  
 Section 1.7 Notices. Any notice or document required to be given to or filed with an Employing Company, the Company, the Administrator or the Committee shall be considered to be given or filed: 
  
 (a) on the date delivered to the Administrator; 
  
 or 
  
 (b) three days after the date sent by certified mail to the Administrator. 
  
 Section 1.8 Applicable Law. The Plan shall be construed and
administered in accordance with the internal laws of the State of Texas. 
  
 Section 1.9 Gender and Number. Where the context admits, words in any gender shall include any other gender, words in the singular shall include the plural and the plural shall include the singular. 

 
 Section 1.10 Plan Year. The Plan Year shall be the calendar year.

 ARTICLE II - PARTICIPATION 
  
 Section 2.1 Participation. The Company shall establish from time to time the Employing Companies which may
participate and the class of highly-compensated employees of each Employing Company who shall be eligible for the benefits provided in Article IV below (hereinafter the “Participants”); provided, however, that the class of eligible
employees of each Employing Company shall be limited to employees who are members of a select group of management or highly compensated employees within the meaning of Section 401(a)(1) of ERISA. Employees shall be eligible to commence participation
in the Plan 30 days after they become members of the class of highly-compensated employees described in the preceding sentence. If the Company determines that participation by one or more Participants shall cause the Plan as applied to any Employing
Company to be subject to Parts 2, 3, or 4 of Title I of ERISA, the entire interest of such Participant or Participants under the Plan shall be immediately paid to such Participant by the applicable Employing Company, notwithstanding any election of
the Participant, or shall otherwise be segregated from the Plan in the discretion of the Company, and such Participant or Participants shall cease to have any interest under the Plan. 
  
 ARTICLE III - VESTING 
  
 Section 3.1 Vesting. A Participant shall be fully vested in his deferral amounts and earnings at all times and subject to investment gains and
losses. A Participant shall be vested in Employer Matching Contributions in accordance with the vesting schedule set forth in Article 6 of the Burlington Northern Santa Fe Investment and Retirement Plan (the “Investment Plan”). 

 
 ARTICLE IV - DEFERRALS 
  
 Section 4.1 Deferral Elections. To become a Participant, subject to
such additional terms, conditions and limitations as the Administrator may from time to time impose, a Participant may make an election to irrevocably defer receipt of certain eligible compensation otherwise payable to him by his Employer for a Plan
Year by means of such procedures as are approved by the Administrator, including filing a Deferral Election Form or by telephonic voice response or other telephonic or electronic transmission indicating his or her desire to have a portion of his or
her eligible compensation deferred, or by failing to indicate a desire not to participate in the Plan. Such deferral elections shall be made as follows: 
  
 (a) Unless the Compensation and Development Committee of the Board otherwise specifies, a Participant may elect to defer (i) up to 25% of base salary that
is not eligible Compensation under the Investment Plan, (ii) up to 25% of any cash incentive payments that are not eligible Compensation under the Investment Plan, and iii) to the extent that a Participant is subject to a limitation on before-tax
contributions under Section 402(g)(1) of the Code to the Investment Plan, the amounts which could have been deferred into the Investment Plan but for such limitation (“Deferred Compensation”). 
  
 (b) Such elections shall be made at such time and in such manner as the
Administrator shall provide by the close of the year before the year in which the services giving 

 rise to the eligible compensation are performed, provided, however, that the Administrator may prescribe such other time
or times as are consistent with Section 409A of the Code. In the case of the first year in which a Participant becomes eligible to participate in the Plan, such election may be made with respect to services to be performed subsequent to the election
within 30 days after the date the participant becomes eligible to participate in the Plan. An election must specify the percentage, if any, which the Participant chooses to defer and authorize his Employing Company to make regular payroll
deductions. 
  
 (c) A Participant may elect to suspend all future
deferrals in a Plan Year other than in respect to incentive payments, and will not be permitted to resume participation until the next Plan Year. 
  
 Section 4.2 Employer Matching Contribution. Subject to such limitations as the Administrator may from time to time impose, for each Plan Year,
Participants shall be credited with an “Employer Matching Contribution” with respect to 100% of the compensation deferred hereunder that would be payable during that Plan Year, provided that Employer Matching Contributions shall be equal
to 50% of Deferred Contributions deferred up to 6% of Compensation hereunder. 
  
 To the extent that additional employer contributions are made pursuant to the second paragraph of Section 4.5 of the Investment Plan by reason of the attainment of financial and other objectives of an Employing
Company, Participants who have Accounts in the Plan when such contributions are made shall be credited after the close of the Plan Year to which such objectives relate with an additional Employer Matching Contribution. The amount of such additional
Employer Matching Contributions shall be equal to the same uniform percentage, not to exceed 30% of the Deferred Contributions up to 6 percent of Compensation actually made hereunder, as is credited pursuant to the second paragraph of Section 4.5 of
the Investment Plan. 
  
 ARTICLE V - PLAN ACCOUNTING 
  
 Section 5.1 Accounts. The Administrator shall establish an Account for
each Participant who elects to participate in the Plan under subsection 4.1. Each Account shall be adjusted in accordance with this Article V in a uniform, non-discriminatory manner, as of such periodic “Accounting Dates” as may be
determined by the Administrator from time to time (which Accounting Dates shall be not less frequent than quarterly). As of each Accounting Date, the balance of each Account shall be adjusted as follows: 
  
 (a) first, charge to the Account balance the amount of any distributions
under the Plan with respect to that Account that have not previously been charged; 
  
 (b) then, credit to the Account balance the amount of the compensation to be deferred by the Participant in accordance with the provisions of subsection 4.1 and the amount of Employer Matching Contributions to be
credited in accordance with Section 4.2 that have not previously been credited; 

 (c) then, adjust the Account balance for the applicable assumed rate of earnings in accordance with
subsection 5.2. 
  
 Section 5.2 Adjustment of Accounts for
Earnings. The amounts credited to a Participant’s Account in accordance with subsections 4.1 and 4.2 shall be adjusted as of each Accounting Date to reflect the value of an investment equal to the Participant’s Account balance in one
or more assumed investments that the Committee offers from time to time, and which the Participant directs the Administrator to use for purposes of adjusting his Account. Such amount shall be determined without regard to taxes that would be payable
with respect to any such assumed investment. The Committee may eliminate any assumed investment alternative at any time; provided, however, that the Committee may not retroactively eliminate any assumed investment alternative. To the extent
permitted by the Administrator, the Participant may elect to have different portions of his Account balance for any period adjusted on the basis of different assumed investments. The Account of each Participant shall be credited with the amount
deferred by the Participant as of the date on which the amount of such Deferred Compensation is communicated to the Plan recordkeeper which shall be as soon as reasonably practicable after the date the compensation would otherwise have been payable
to the Participant, or, if such date is not an Accounting Date, as of the first Accounting Date occurring thereafter. Notwithstanding the election by Participants of certain assumed investments and the adjustment of their Accounts based on such
investment decisions, the Plan does not require, and no trust or other instrument maintained in connection with the Plan shall require that any assets or amounts which are set aside in a trust or otherwise for the purpose of paying Plan benefits
shall actually be invested in the investment alternatives selected by Participants. 
  
 Section 5.3 Participant Statements. At least quarterly, the Administrator shall cause to be furnished to each Participant a statement indicating, on the basis of the latest available information, the status of
the Participants’ Accounts. 
  
 ARTICLE VI - PAYMENT OF
DEFERRED AMOUNTS 
  
 Section 6.1 Separation from Service.
Subject to the provisions of subsection 1.5 and such other rules as the Administrator may establish, upon a Participant’s death or separation from service, the Participant’s entire Account balance, including the Employer’s Matching
Contribution on amounts deferred prior to the Participant’s death or separation date, shall be paid to or on account of the Participant as follows: 
  
 (a) in a single lump sum payment as soon as practicable after his date of death; 
  
 (b) in a single lump sum payment on or about July 31 of the year following separation; or 
  
 (c) if elected by the Participant (i) prior to January 1, 2005, and at least
one year prior to the distribution or (ii) within 30 days after the date he becomes eligible to participate in the Plan, in annual installments over a period of five or fewer years, beginning on or about July 31 of the calendar year following the
date of his separation from service. 

 Section 6.2 Beneficiary Designation. Each Participant may, from time to time by signing a form
furnished by the Administrator, designate any legal or natural person or persons (who may be designated contingently or successively) to whom his benefits under the Plan are to be paid if he dies before he receives all of his benefits. A beneficiary
designation form will be effective only when the signed form is filed with the Administrator while the Participant is alive. A beneficiary designation may be revoked or amended only by the completion of a new beneficiary designation form, provided,
however, that if a Participant’s spouse is named as such Participant’s beneficiary, and the Participant and such spouse are subsequently divorced, then the designation of the spouse made prior to the divorce shall be null and void. In
order to designate a former spouse as a beneficiary, a new beneficiary designation form must be completed. If a deceased Participant failed to designate a beneficiary as provided above, or if the designated beneficiary of a deceased
Participant died before him, his benefits shall be paid in accordance with the following order of priority: (i) to his surviving spouse, if any; (ii) to his surviving children in equal shares; or (iii) the estate of the last to die of the
Participant or his designated beneficiary. The benefits under this plan which are payable to a beneficiary shall be paid in a lump sum. 
  
 Section 6.3 Withholding for Tax Liability. The Company may withhold or cause to be withheld from any payment of benefits made pursuant to the Plan
any taxes required to be withheld with regard to such payment. 
  
 ARTICLE VII - CHANGE IN CONTROL 
  
 Section 7.1 Change
in Control. In the event of a change in control as defined in The Burlington Northern and Santa Fe Railway Company Severance Agreements, all Accounts shall be fully vested, and the Company shall be obligated to transmit funds equal to the
outstanding liabilities under this Plan to such trust as may be established by the Company to provide for security of benefits hereunder. 
  
 ARTICLE VIII - AMENDMENT OR TERMINATION 
  
 Section 8.1 Amendment or Termination. This Plan may be amended at any time and from time to time by the Chief Executive Officer of the Company or
resolution of the Board of Directors of the Company; provided however, the Chief Executive Officer of the Company may not amend the Plan in any manner which would make benefit or other changes materially increasing an Employing Company’s
liabilities under the Plan, make amendments required by law to be approved by the Board of Directors or a committee thereof, make amendments which change the design of the Plan with respect to the allocation of responsibilities, or make changes
affecting the Company’s indemnification obligations. The Board of Directors of the Company may terminate the Plan at any time without the consent of the participants or beneficiaries. No amendment or termination shall divest any Participant or
beneficiary of the credits to his Account, or any rights to which he would have been entitled if the Plan had been terminated immediately prior to the effective date of such amendment or termination. Any Employing Company may terminate its
participation in the Plan at any time, provided that it has made adequate provision for any amount payable by it under the terms of the Plan as in effect on the 

 date it terminates its participation in the Plan. Upon termination of the Plan as to any Employing Company, the Company
may, in its discretion applied in a uniform manner, provide that amounts attributable to that Employing Company shall be distributed in accordance with the provisions of 6.1. Upon termination of the Plan as to all Employing Companies, the Company
may, in its sole discretion applied in a uniform manner to all Participants, cause a lump sum payment of all benefits for all Participants to be made as soon as reasonably practicable on the date established for payment under subsection 6.1(b).

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