Document:

Amendment  No. 2 dated as of April 27, 2005 to Rights Agreement

 EXHIBIT 4.7 
  
 AMENDMENT NO. 2 TO RIGHTS AGREEMENT 
  
 THIS AMENDMENT NO. 2 (the “Amendment”) dated as of April 27, 2005, to the Rights Agreement, dated as of May 16, 1996 (as
amended by Amendment No. 1 dated as of March 18, 2004, the “Rights Agreement”), between Ashland Inc., a Kentucky corporation (the “Company”), and National City Bank, a Delaware corporation, as successor to Harris
Trust and Savings Bank by appointment, as Rights Agent (the “Rights Agent”). Terms used herein and not otherwise defined shall have the respective meanings ascribed to such terms in the Rights Agreement. 
  
 WHEREAS the Company, ATB Holdings Inc., a Delaware corporation
(“HoldCo”), EXM LLC, a Kentucky limited liability company (“New Ashland LLC”), New EXM Inc., a Kentucky corporation (“New Ashland Inc.”), Marathon Oil Corporation, a Delaware corporation
(“Marathon”), Marathon Oil Company, an Ohio corporation (“Marathon Company”), Marathon Domestic LLC, a Delaware limited liability company (“Merger Sub”), and Marathon Ashland Petroleum LLC, a
Delaware limited liability company (“MAP”), entered into a Master Agreement on March 18, 2004 and Amendment No. 1 to this Rights Agreement on March 18, 2004; 
  
 WHEREAS the parties to the Master Agreement dated as of March 18, 2004 have proposed to enter into an amendment to that
Master Agreement to be dated the date hereof (that Master Agreement, as so amended, being referred to herein as the “Master Agreement”); 
  
 WHEREAS the Company desires to amend the Rights Agreement to render the Rights inapplicable to the Transactions (as defined in the Master Agreement)
contemplated by the Master Agreement and the other Transaction Agreements (as defined in the Master Agreement); 
  
 WHEREAS the Company desires that, at the Conversion Merger Effective Time (as defined in the Master Agreement), (A) New Ashland Inc. will succeed to all
the rights and obligations of the Company under the Rights Agreement; (B) all references to Common Stock of the 

 
Company and Preferred Shares of the Company will be deemed to be references to Common Stock of New Ashland Inc. and Preferred Shares of New Ashland Inc.; and
(C) the Rights Agreement will continue in effect; 
  
 WHEREAS the
Company deems this Amendment to the Rights Agreement to be desirable and in the best interests of the holders of the Rights and has duly approved this Amendment; and 
  
 WHEREAS Section 26 of the Rights Agreement permits the Company at any time before the occurrence of a Distribution Date and
before any person becomes an Acquiring Person to amend the Rights Agreement in the manner provided herein. 
  
 NOW THEREFORE, the parties hereby agree as follows: 
  
 1. Succession and Continuance. Effective at the Conversion Merger Effective Time, New Ashland Inc. will succeed to all the rights and obligations
of the Company under the Rights Agreement and the Rights Agreement will continue in effect after the Conversion Merger Effective Time. 
  
 2. Substitution of New Ashland Inc. Effective at the Conversion Merger Effective Time, all references to Common Stock of the Company and Preferred
Shares of the Company in the Rights Agreement will be deemed to be references to Common Stock of New Ashland Inc. and Preferred Shares of New Ashland Inc. 
  
 3. References to Master Agreement. All references in the Rights Agreement to the “Master Agreement” shall be deemed to be references to
the Master Agreement dated as of March 18, 2004 among the parties thereto, as amended by Amendment No. 1 thereto dated as of April 27, 2005 among the parties thereto. 
  
 4. Effectiveness. This Amendment shall be deemed effective as of the date first written above, as if executed on such
date. Except as amended hereby, the Rights Agreement shall remain in full force and effect and shall be otherwise unaffected hereby. 
  
 5. Miscellaneous. This Amendment may be executed in one or more counterparts, all of which shall be 

  

 2 

 
considered one and the same agreement and shall become effective immediately upon execution by the Company, whether or not also executed by the Rights Agent.
This Amendment shall be deemed to be a contract made under the laws of the Commonwealth of Kentucky and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed
entirely within such State. If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and
restrictions of this Amendment shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The Rights Agent and the Company hereby waive any notice requirement under the Rights Agreement pertaining to the matters
covered by this Amendment. 
  

 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their
authorized officers as of the date first written above. 
  

			
	 ASHLAND INC.,

		
	 by
	 	/s/    JAMES J. O’BRIEN
	Name:	 	James J. O’Brien
	Title:	 	Chief Executive Officer
	
	 National City Bank,

		
	 by
	 	 
	Name:	 	 
	Title:	 	 

  

 4Quality Distribution, Inc. Deferred Compensation Plan

  Exhibit 10.33 
   
 QUALITY DISTRIBUTION, INC. 
 DEFERRED COMPENSATION PLAN 
  
 EFFECTIVE 
 AS OF 
 JANUARY 1, 2001 
  
 KALISH & WARD, P.A.

 TAMPA, FL 

 QUALITY DISTRIBUTION, INC. 
 DEFERRED COMPENSATION PLAN 
  
 EFFECTIVE 
 AS OF 
 JANUARY 1, 2001 
  

					
	 	    	 	  	Page

	 ARTICLE I
	    	Definitions	  	I-1
			
	 ARTICLE II
	    	Administration	  	II-1
			
	 ARTICLE III
	    	Eligibility	  	III-1
			
	 ARTICLE IV
	    	Deferral Elections and Company Contributions	  	IV-1
			
	 ARTICLE V
	    	Participant Accounts and Investment of Deferred Amounts	  	V-1
			
	 ARTICLE VI
	    	Distributions	  	VI-1
			
	 ARTICLE VII
	    	Amendment and Termination	  	VII-1
			
	 ARTICLE VIII
	    	Miscellaneous	  	VIII-1

  
  

 QUALITY DISTRIBUTION, INC. 
 DEFERRED COMPENSATION PLAN 
  
 PURPOSE 
  
 Quality
Distribution, Inc. (the “Company”) hereby establishes the Quality Distribution, Inc. Deferred Compensation Plan (the “Plan”), effective January 1, 2001, for a select group of management or highly compensated employees of the
Company and its Related Employers to provide such employees of the Company and its Related Employers with the opportunity to defer the receipt of compensation. The Plan is intended to be an unfunded plan within the meaning of the Employee Retirement
Income Security Act of 1974 (“ERISA”) and the Internal Revenue Code of 1986, as amended. 
  
 ARTICLE I 
  
 Definitions 
  
 (a)
“Account” or “Accounts” shall mean a Participant’s Deferred Compensation Account and/or Employer Contribution Account as described in Article V. 
  
 (b) “Company” shall mean Quality Distribution, Inc.
and its successors. 
  
 (c) “Effective
Date” of the Plan shall mean January 1, 2001. 
  
 (d)
“Normal Retirement Date” shall mean the later of the date of Participant attains age 65 or completes ten years of participation in the Plan. 
  
 (e) “Participant” shall mean any employee of the Company or a Related Employer who is covered by
this Plan as provided in Article III. 
  
 (f)
“Plan” shall mean the Quality Distribution, Inc. Deferred Compensation Plan hereby created and as it may be amended from time to time. 
  

(g) “Plan Administrator” shall mean the Company. 
  
 (h) “Plan Year” shall mean the 12–month period ending on December 31. 
  
 (i) “Related Employer” shall mean a subsidiary or
affiliate of the Company that the Company, in its sole discretion, allows to participate in the Plan. 
  
 (j) “Year of Participation” shall be credited for each full calendar year of participation in the Plan by an Employee.
Notwithstanding the foregoing, a Participant will be credited with a Year of Participation for the first year in which he commences participation in the Plan regardless of when the Participant actually commences participation. 
  

 I-1 

 ARTICLE II  
  
 Administration 
  
 (a) Plan Administrator. 
  
 (1) The Plan Administrator shall have complete control and discretion to manage the operation and administration of the Plan. Not in
limitation, but in amplification of the foregoing, the Plan Administrator shall have the following powers: 
  
 (A) To determine all questions relating to the eligibility of employees to participate or continue to participate; 
  
 (B) To maintain all records and books of account necessary
for the administration of the Plan; 
  
 (C) To
interpret the provisions of the Plan and to make and to publish such interpretive or procedural rules as are not inconsistent with the Plan and applicable law; 
  

(D) To compute, certify and arrange for the payment of benefits to which any Participant or beneficiary is entitled; 
  
 (E) To process claims for benefits under the Plan by
Participants or beneficiaries; 
  
 (F) To engage
consultants and professionals to assist the Plan Administrator in carrying out its duties under this Plan; and 
  
 (G) To develop and maintain such instruments as may be deemed necessary from time to time by the Plan Administrator to facilitate payment
of benefits under the Plan. 
  
 (2) The Plan
Administrator may designate a committee to assist the Plan Administrator in the administration of the Plan and perform the duties required of the Plan Administrator hereunder. 
  
 (b) Plan Administrator’s Authority. The Plan Administrator may consult with Company officers, legal and
financial advisers to the Company and others, but nevertheless the Plan Administrator shall have the full authority and discretion to act, and the Plan Administrator’s actions shall be final and conclusive on all parties. 
  
 (c) Claims and Appeal Procedure for Denial of Benefits. The
Participant or a beneficiary (“Claimant”) may file with the Plan Administrator a written claim for benefits if the Participant or beneficiary determines the distribution procedures of the Plan have not provided him his proper interest in
the Plan. The Plan Administrator must render a decision on the claim within a reasonable period of time of the Claimant’s 
  

 II-1 

 written claim for benefits. The Plan Administrator must provide adequate notice in writing to the Claimant whose claim
for benefits under the Plan the Plan Administrator has denied. The Plan Administrator’s notice to the Claimant must set forth: 
  
 (1) The specific reason for the denial; 
  
 (2) Specific references to pertinent Plan provisions on which the Plan Administrator based its denial; 
  
 (3) A description of any additional material and information
needed for the Claimant to perfect his claim and an explanation of why the material or information is needed; and 
  
 (4) That any appeal the Claimant wishes to make of the adverse determination must be made in writing to the Plan Administrator within
sixty (60) days after receipt of the Plan Administrator’s notice of denial of benefits. The Plan Administrator’s notice must further advise the Claimant that his failure to appeal the action to the Plan Administrator in writing will render
the Plan Administrator’s determination final, binding and conclusive. The Plan Administrator’s notice of denial of benefits must identify the name and address of the Plan Administrator to whom the Claimant may forward his appeal.

  
 If the Claimant should appeal to the Plan Administrator, he, or his duly
authorized representative, must submit, in writing, whatever issues and comments he, or his duly authorized representative, believes are pertinent. The Claimant, or his duly authorized representative, may review pertinent Plan documents. The Plan
Administrator will re-examine all facts related to the appeal and make a final determination as to whether the denial of benefits is justified under the circumstances. The Plan Administrator must advise the Claimant of its decision within a
reasonable period of time of the Claimant’s written request for review. 
  

 II-2 

 ARTICLE III  
  
 Eligibility 
  
 (a) Eligibility. The Company or a Related Employer, in its sole discretion, shall determine those employees of the Company or a Related
Employer eligible to participate in the Plan. Accordingly, an employee of the Company or a Related Employer who, in the opinion of the Plan Administrator based upon its then current guidelines, has contributed significantly to the growth and
successful operations of the Company or a Related Employer and who meets any additional criteria for eligibility that the Plan Administrator, in its sole discretion, may adopt from time to time, will be eligible to become a Participant. 

 
 (b) Participation. An eligible employee shall become a
Participant upon the timely filing of a deferral election pursuant to Article IV. 
  

 III-1 

 ARTICLE IV  
  
 Deferral Elections and Company Contributions 
  
 (a) Deferral Procedures. 
  
 (1) Any Participant may elect to defer, for any calendar year, such portion of his regular salary or cash
bonus payable during such calendar year as may be permitted in the discretion of the Plan Administrator. 
  
 (2) Any deferral election under this paragraph (a) shall be in writing, signed by the Participant, and delivered to the Plan Administrator
prior to January 1 of the calendar year in which the compensation to be deferred is otherwise payable to the Participant; provided, however, that (A) within the 30 days of the Effective Date of the Plan, or (B) within the 30 day period following a
Participant’s eligibility to participate in the Plan, he shall be permitted to defer compensation payable subsequent to his deferral election. 
  
 (3) Except as provided in subparagraph (4) below, any deferral election made with respect to a calendar year shall be irrevocable.

  
 (4) (A) If a Participant suffers an unforeseen emergency as
defined below, determined in the discretion of the Plan Administrator, the Participant will be permitted to revoke his deferral election for the remainder of the calendar year in which it is determined by the Plan Administrator that the unforeseen
emergency has occurred. Such revocation will be effective as of the first pay period beginning on or after the first day of the month which follows the Plan Administrator’s receipt of written notification of the Participant’s unforeseen
emergency. 
  
 (B) A Participant who revokes his
deferral election pursuant to this subparagraph (4) shall be eligible to make a new deferral election pursuant to the provisions of subparagraph (2) above effective as of the January 1 that next follows the effective date of the revocation of his
deferral election under subparagraph (4)(A) above. 
  
 (C) For this purpose, the term “unforeseen emergency” shall mean a severe financial hardship resulting from the Participant’s illness or accident or that of the Participant’s dependents, an extraordinary and
unforeseeable loss of the Participant’s property due to casualty as a result of events beyond the Participant’s control, or other similar events beyond the control of the Participant, which events cannot reasonably be relieved by
reimbursement (by insurance or otherwise), liquidation of the Participant’s assets (to the extent the liquidation would not in itself cause a financial hardship) or cessation of deferrals under the Plan. 
  

 IV-1 

 (b) Election Forms. Any election, permitted revocation or change in any election by a
Participant under this Article IV shall be in writing and shall be on a form or forms as may be approved by the Plan Administrator. 
  
 (c) Employer Contributions. As of each Plan Year, the Company or a Related Employer, may credit a Participant with a discretionary employer
contribution. The amount of discretionary employer contribution credited to a Participant, if any, shall be determined by the Company or Related Employer in its sole discretion. 
  

 IV-2 

 ARTICLE V  
  
 Participant Accounts and Investment of Deferred Amounts 
  
 (a) In General. 
  
 (1) Any compensation deferred pursuant to this Plan shall be
recorded by the Plan Administrator in a Deferred Compensation Account maintained in the name of the Participant. The Deferred Compensation Account shall be credited with all amounts that have been deferred by the Participant during the Plan Year
pursuant to Article IV, and such Account shall be charged from time to time with all amounts that are distributed to the Participant. 
  
 (2) Discretionary employer contributions, if any, credited to a Participant pursuant to this Plan shall be recorded by the Plan
Administrator in an Employer Contribution Account maintained in the name of the Participant. The Employer Contribution Account shall be credited with all amounts that have been contributed by the Company or a Related Employer during the Plan Year
pursuant to Article IV, and such Account shall be charged from time to time with all amounts that are distributed to the Participant. 
  
 (3) All amounts that are credited to the Participants’ Accounts shall be credited solely for purposes of accounting and computation.
A Participant shall not have any interest in or right to such Accounts at any time. 
  
 (b) Subject to Claims. The Plan constitutes an unsecured promise by the Company or a Related Employer to pay benefits in the future. Participants employed by the Company shall have the status of general
unsecured creditors of the Company. Participants employed by a Related Employer shall have the status of general unsecured creditors of such Related Employer. The Plan is unfunded for Federal tax purposes and for purposes of Title I of the Employee
Retirement Income Security Act of 1974. All amounts credited to the Participants’ Accounts will remain the general assets of the Company or a Related Employer and shall remain subject to the claims of the Company’s and the Related
Employers’ creditors until such amounts are distributed to the Participants. 
  
 (c) Crediting of Interest. A Participant’s Account shall be credited at least annually with interest at a rate determined by the Plan Administrator, in its sole discretion. 
  
 (d) Valuation; Annual Statement. The value of a
Participant’s Accounts shall be determined by the Plan Administrator and the Plan Administrator may establish such accounting procedures as are necessary to account for the Participant’s interest in the Plan. Each Participant’s
Accounts shall be valued as of the last day of each Plan Year or more frequently as determined by the Plan Administrator. The Plan Administrator shall furnish each Participant with an annual statement of his Accounts. 
  

 V-1 

 (e) Establishment of Trust.  
  
 (1) The Company and a Related Employer may establish one or more trusts substantially in conformance with
the terms of the model trust described in Revenue Procedure 92-64 to assist in meeting its obligations to Participants under this Plan. Except as provided in paragraph (b) above and the terms of the trust agreement, any such trust or trusts shall be
established in such manner as to permit the use of assets transferred to the trust and the earnings thereon to be used by the trustee solely to satisfy the liability of the Company or a Related Employer in accordance with the Plan. 
  
 (2) The Company or a Related Employer, in its sole
discretion, and from time to time, may make contributions to the trust. Unless otherwise paid by the Company or a Related Employer, all benefits under the Plan and expenses chargeable to the Plan shall be paid from the trust. 
  
 (3) The powers, duties and responsibilities of the trustee
shall be as set forth in the trust agreement and nothing contained in the Plan, either expressly or by implication, shall impose any additional powers, duties or responsibilities upon the trustee. 
  
 (f) Alternative Funding Vehicles. In addition to creating and
maintaining a rabbi trust, the Employer may implement other financing arrangements such as corporate owned life insurance for the purpose of paying some or all of the benefits provided under this Plan. 
  

 V-2 

 ARTICLE VI  
  
 Distributions 
  

	 	(a)	Timing of Payment. 

  
 (1) (A) The distribution of a Participant’s vested interest in the amount credited to his Accounts shall be paid as soon as administratively
practicable following the earlier of (i) his termination of employment with the Company or a Related Employer (for reasons other than death) or (ii) the date he attains Normal Retirement Date, in the manner described in paragraph (d) of this
Article. 
  
 (B) Notwithstanding anything
contained in the Plan to the contrary, if the value of a Participant’s vested interest in the amount credited to his Accounts is less than $5,000, the Participant’s vested interest shall be paid in a lump sum as soon as administratively
practicable following his termination of employment. 
  
 (2) Upon a Participant’s termination of employment by reason of his death, the distribution of his vested interest in the death benefit described in paragraph (c) of this Article shall commence as soon as administratively practicable
following his death. 
  

	 	(b)	Vesting of Amounts Credited to Participants. 

  
 (1) (A) In the event a Participant’s employment with the Company or a Related Employer is terminated for reasons other than death, such Participant
shall have a vested interest in the amounts credited to his Accounts as determined in subparagraph (2) below. 
  
 (B) Upon a Participant’s termination of employment with the Company or a Related Employer by reason of his death, he will be fully
vested in all of his Accounts. 
  
 (2) (A) A Participant shall be
at all times fully vested in his Deferred Compensation Account. 
  
 (B) Discretionary contributions, if any, credited to a Participant’s Employer Contribution Account with respect to any Plan Year shall be subject to the following vesting schedule: 
  

				
	 Years of Participation

	  	Vested Percentage

	 
	 1 Year
	  	25	%
	 2 Years
	  	50	%
	 3 Years
	  	75	%
	 4 Years or more
	  	100	%

  

 VI-1 

 (C) The Plan Administrator may establish such accounting procedures as are necessary to
accurately reflect each Participant’s vested interest in contributions and earnings thereon that are credited to his Accounts, which procedures shall be applied in a consistent, nondiscriminatory manner. 
  
 (3) Upon a Participant’s termination of employment with
the Company or a Related Employer for reasons other than death, the nonvested interest in his Accounts, if any, shall be forfeited. Such amount may be forfeited to the Company or a Related Employer or, if applicable, the trust established pursuant
to Article V. 
  

	 	(c)	Death Benefit. 

  
 (1) In the event of the death of a Participant who is listed in the Appendix as a Group I Participant, his designated beneficiary shall
receive a lump sum payment of the amounts credited to and/or remaining in his Accounts. 
  
 (2) In the event of the death of a Participant who is listed in the Appendix as a Group II Participant, his designated beneficiary shall
receive a lump sum payment equal to the greater of: 
  
 (A) the value of the amounts credited to and/or remaining in his Accounts, or 
  
 (B) the value of any death benefit paid by the Company to the Participant’s beneficiary. 
  
 (3) A designation of a beneficiary or beneficiaries shall be
made on a form prescribed by and filed with the Plan Administrator, and may be changed at any time by filing a new form with the Plan Administrator. If the Participant has designated no beneficiary, or if no beneficiary that he has designated
survives him, then such unpaid amounts shall be paid to his estate. In the event of any dispute as to the entitlement of any beneficiary, the Plan Administrator’s determination shall be final, and the Plan Administrator may withhold any payment
until such dispute has been resolved. 
  

	 	(d)	Form of Benefit Payment. 

  
 (1) (A) (i) A Participant shall elect one of the following forms of payment for his benefit upon commencing participation in the Plan:

  
 a. a lump sum, or 
  
 b. 10 annual installments. 
  

 VI-2 

 (ii) At least 13 months prior to the date a Participant’s benefit payment is to
commence under the Plan, the Participant may, subject to the approval of the Plan Administrator, revise the form of payment. 
  
 (B) The death benefit described in paragraph (c) of this Article shall be paid in a lump sum. 
  
 (2) In the event a Participant elects installment payments,
each such payment shall be equal to the balance in the Participant’s Accounts as of the end of the month immediately preceding the date of payment, divided by the factors set forth in the following table, whichever is applicable: 
  

			
	 10 Year Payment

	  	Installment Factor

	 1
	  	10
	 2
	  	9
	 3
	  	8
	 4
	  	7
	 5
	  	6
	 6
	  	5
	 7
	  	4
	 8
	  	3
	 9
	  	2
	 10
	  	1

  
 (3)
The Plan Administrator shall establish such accounting procedures as are necessary to implement the provisions of this paragraph. 
  
 (e) Accelerated Distribution for Unforeseen Emergency. If a Participant suffers an unforeseen emergency (as described in paragraph (a)(4)(C)
of Article IV), the Plan Administrator may, in its discretion, accelerate the distribution of all or a portion of the amount of his Deferred Compensation Account and the vested portion of his Employer Contribution Account. Any such accelerated
distribution shall be made in a lump sum as soon as administratively practicable following a determination of hardship. The amount of any such distribution shall be limited to the amount necessary to satisfy the emergency need, including any amounts
necessary to pay any federal, state or local income taxes reasonably anticipated to result from the distribution. 
  
 (f) Participant Distribution Requests. 
  
 (1) At any time prior to the commencement of a benefit payment under the Plan, the Participant may request an accelerated distribution of
all or any portion of his interest in the amount credited to his Deferred Compensation Account and his vested interest in the amount credited to his Employer Contribution Account. A distribution pursuant to the provisions of this paragraph shall be
an immediate lump sum payment of the requested amount, reduced by a penalty, which shall be forfeited to the Company or Related Employer or, if 
  

 VI-3 

 applicable, the trust established pursuant to Article V, equal to 10 percent of the balance of such
requested amount. Payment of a lump sum shall be in lieu of payments in accordance with the form of payment described in (d) above. 
  
 (2) In the event benefit payments to a Participant have commenced in accordance with the provisions of paragraph (d) above, the
Participant may request an immediate lump sum distribution of the remaining balance in his Accounts. Such remaining balance shall be reduced by a penalty, which shall be forfeited to the Company or Related Employer or, if applicable, the trust
established pursuant to Article V, equal to 10 percent of the remaining balance of such Accounts. 
  
 (3) The Plan Administrator may establish such rules relating to Participant distribution requests as it deems necessary. 
  

 VI-4 

 ARTICLE VII 
  
 Amendment and Termination 
  
 (a) Amendment and Termination. The Plan may be amended or terminated at any time, or from time to time, by the
Company. Any such amendment or termination shall be ratified and approved by the Company’s board of directors. 
  
 (b) Effect of Amendment or Termination. 
  
 (1) No amendment or termination of the Plan shall affect the rights of any Participant with respect to any deferral or Company or Related
Employer contribution credited to the Accounts of a Participant prior to such amendment or termination. 
  
 (2) Upon termination, the Participants (or their beneficiaries) shall become fully vested in their Accounts and shall be paid the value of
their Accounts in a lump sum. 
  

 VII-1 

 ARTICLE VIII  
  
 Miscellaneous 
  
 (a) Payments to Minors and Incompetents. If the Plan Administrator receives satisfactory evidence that a person who is entitled to receive
any benefit under the Plan, at the time such benefit becomes available, is a minor or is physically unable or mentally incompetent to receive such benefit and to give a valid release therefor, and that another person or an institution is then
maintaining or has custody of such person, and that no guardian committee, or other representative of the estate of such person shall have been duly appointed, the Plan Administrator may authorize payment of such benefit otherwise payable to such
person to such other person or institution; and the release of such other person or institution shall be a valid and complete discharge for the payment of such benefit. 
  
 (b) Plan Not a Contract of Employment. The Plan shall not be deemed to constitute a contract between the
Company or a Related Employer and any Participant, nor to be consideration for the employment of any Participant. Nothing in the Plan shall give a Participant the right to be retained in the employ of the Company or a Related Employer; all
Participants shall remain subject to discharge or discipline as employees to the same extent as if the Plan had not been adopted. 
  
 (c) No Interest in Assets. Nothing contained in the Plan shall be deemed to give any Participant any equity or other interest in the assets,
business or affairs of the Company or a Related Employer. No Participant in the Plan shall have a security interest in assets of the Company or a Related Employer used to make contributions or pay benefits. 
  
 (d) Recordkeeping. Appropriate records shall be maintained for
the purpose of the Plan by the officers and employees of the Company at the Company’s expense and subject to the supervision and control of the Plan Administrator. 
  
 (e) Non-Alienation of Benefits. No benefit under the Plan shall be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void. No benefit under the Plan shall in any manner be liable for or subject to the debts, contracts, liabilities, engagements or torts of any
person. If any person entitled to benefits under the Plan shall become bankrupt or shall attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge any benefit under the Plan, or if any attempt shall be made to subject any
such benefit to the debts, contracts, liabilities, engagements or torts of the person entitled to any such benefit, except as specifically provided in the Plan, then such benefits shall cease and terminate at the discretion of the Plan
Administrator. The Plan Administrator may then hold or apply the same or any part thereof to or for the benefit of such person or any dependent or beneficiary of such person in such manner and proportions as it shall deem proper. 
  

 VIII-1 

 (f) State Law. This Plan shall be construed in accordance with the laws of Florida.

  
 (g) Corporate Successors. The Plan shall not be
automatically terminated by a transfer or sale of assets of the Company or by the merger or consolidation of the Company into or with any other corporation or other entity, but the Plan shall be continued after such sale, merger or consolidation
only if and to the extent that the transferee, purchaser or successor entity agrees to continue the Plan. In the event that the Plan is not continued by the transferee, purchaser or successor entity, then the Plan shall terminate subject to the
provisions of Article VII. 
  
 (h) Liability
Limited. 
  
 (1) Notwithstanding any of
the preceding provisions of the Plan, neither the Company or a Related Employer nor any individual acting as an employee or agent of the Company or Related Employer shall be liable to any Participant, former Participant or other person for any
claim, loss, liability or expense incurred in connection with the Plan. 
  
 (2) The Plan Administrator, its officers, directors and employees shall be entitled to rely conclusively on all tables, valuations, certificates, opinions and reports that shall be furnished by any actuary,
accountant, trustee, insurance company, consultant, counsel or other expert who shall be employed or engaged by the Plan Administrator in good faith. 
  
 (i) Protective Provisions. Each Participant shall cooperate with the Plan Administrator by furnishing any and all information requested by
the Plan Administrator in order to facilitate the payment of benefits hereunder, taking such physical examinations as the Plan Administrator may deem necessary and taking such other relevant action as may be requested by the Plan Administrator. If a
Participant refuses so to cooperate or makes any material misstatement of information or nondisclosure of medical history, then no benefits will be payable hereunder to such Participant or his beneficiary, provided that, in the Plan
Administrator’s sole discretion, benefits may be payable in an amount reduced to compensate the Company or a Related Employer for any loss, cost, damage or expense suffered or incurred by the Company or a Related Employer as a result in any way
of such action, misstatement or nondisclosure. 
  
 IN WITNESS
WHEREOF, the Company has caused this Plan to be executed by its duly authorized officers on this      day of             , 2000. 
  

			
	QUALITY DISTRIBUTION, INC.
		
	 By:
	 	  

	“COMPANY”

  
  

 VIII-2

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