FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

                         

                       FIRST AMENDMENT TO
                      EMPLOYMENT AGREEMENT


     This   First   Amendment   to  Employment   Agreement   (the
"Amendment")  is  entered into as of December 15,  2008,  by  and
between  Seaboard Overseas Trading Group, a division of  Seaboard
Corporation, a Delaware corporation (together with any  Successor
thereto, the "Company"), and David M. Dannov ("Executive").

                      W I T N E S S E T H:

     WHEREAS,  the Company and Executive have entered  into  that
certain  Employment Agreement dated as of July 1,  2005,  setting
forth  the  terms  upon  which Executive  is  employed  with  the
Company; and
    
     WHEREAS,  the parties desire to amend certain provisions  of
the  Employment  Agreement  to ensure  compliance  with  Internal
Revenue Code  409A and the related regulations, ("Section  409A")
dealing with deferred compensation rules;
    
     NOW, THEREFORE, the parties agree as follows:
    
     1.   Definitions.  All  terms  used  herein  which  are  not
defined  shall  have  the  meanings  given  to  such terms in the
Employment Agreement.

     2.   Amendment to Section 8.(d) - Definition of Good Reason.
The  parties  agree  that  Section 8.(d) is  hereby  amended  and 
restated to read as follows:

          (d)   Termination  by  Executive.   Executive  may
     resign  from  his employment for any reason,  including
     for   Good   Reason   (as   defined   below   in   this
     subsection  (d)).   In the event of  a  termination  of
     Executive's employment by Executive's resignation other
     than for Good Reason, no termination benefits shall  be
     payable  to  or  in  respect  of  Executive  except  as
     provided  in  Section 8(f)(ii) and in the  event  of  a
     termination of Executive's employment by Executive  for
     Good  Reason, no termination benefits shall be  payable
     to  or  in  respect of Executive except as provided  in
     Section  8(f)(i).   For purposes of this  Agreement,  a
     termination  of  employment  by  Executive  for   "Good
     Reason" shall mean a resignation by Executive from  his
     employment  with the Company within one hundred  eighty
     (180)  days  following the initial occurrence,  without
     Executive's  consent,  of  any  one  or  more  of   the
     following  events:  (i) a material  diminution  in  the
     Executive's   authority,  duties  or  responsibilities;
     (ii) a material change in the geographic location where
     Executive primarily performs his services; or (iii) any
     other  material breach by the Company of  any  material
     provision   of  this  Agreement;  provided   that   the
     Executive  shall have given the Company notice  of  the
     occurrence  of  the  event or events constituting  Good
     Reason  within ninety (90) days following  the  initial
     occurrence   of   such  event  or  such  events and the
    
<PAGE>    
    
     Company shall have failed to cure such event or  events
     (to the extent capable of being  cured)  within  thirty 
     (30) business days after receipt of such notice.

     3.   Amendment to Section 8.(f)(i) - Payments  Upon  Certain
Terminations.  The parties agree that Section 8.(f)(i) is  hereby 
amended to add new subsections (F) and (G) immediately  following 
Section 8. (f) (i) (E),  reading  as follows:

               (F)  The  Company  and  Executive  agree that
          each  payment  made  by  the  Company to Executive