EXHIBIT 10.1

LOGO [g368585newex10_1pg01.jpg]

700 Anderson Hill Road, Purchase, NY 10577

May 9, 2012

To the Lenders party the Credit Agreement referred to below

c/o Citibank, N.A. as Agent for such Lenders

1615 Brett Road, Building #3

New Castle, Delaware 19720

Attn: Bank Loan Syndications

Fax# 212-994-0961

Copy via email sent to:

Carolyn A. Kee

Managing Director, Global Loans

Citibank Global Captial Markets, Inc.

390 Greenwich Street

New York, NY 10013

carolyn.kee@citi.com

 

Subject:   Four Year Credit Agreement dated as of June 14, 2011 among PepsiCo,
Inc.,   the Lenders party thereto and Citibank, N.A. as Agent for the Lenders
(the “Credit Agreement”)

Ladies and Gentleman:

Pursuant to Section 2.06(b) of the Credit Agreement, PepsiCo, Inc. hereby
requests a one year extension of the Existing Termination Date from June 14,
2015 to June 14, 2016.

In addition, the Company requests that the words “the repayment of outstanding
commercial paper issued by the Company and its Subsidiaries,” be deleted from
the Preliminary Statement and Section 2.16 of the Credit Agreement.

Please indicate your agreement to each of the foregoing requests by signing in
the space provided below and returning the signed copy to the Agent no later
than May 24, 2012.

Capitalized terms used but not defined herein shall have the meanings assigned
to them in the Credit Agreement.

Except as expressly amended hereby, the Credit Agreement shall remain in full
force and effect.

Sincerely,

 

/s/ Maria Teresa Hilado

Maria Teresa Hilado Senior Vice President, Finance and Treasurer

/s/ Jay Laramie

Jay Laramie Vice President and Assistant Treasurer

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Citibank, N.A.

Name of Lender

/s/ Carolyn Kee

Name: Carolyn Kee Title: Vice President

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

JPMorgan Chase Bank, N.A.

Name of Lender

/s/ Tony Yung

Name: Tony Yung Title: Executive Director

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Bank of America, N.A.

Name of Lender

/s/ David L. Catherall

Name: David L. Catherall Title: Director

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Morgan Stanley Bank, N.A.

Name of Lender

/s/ Sherrese Clarke

Name: Sherrese Clarke Title: Authorized Signatory

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

HSBC Bank USA, N.A.

Name of Lender

/s/ Thomas A. Foley

Name: Thomas A. Foley Title: Managing Director

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

UBS Loan Finance LLC

     

Name of Lender

     

/s/ Irja R. Otsa

   

/s/ Mary E. Evans

Name:   Irja R. Otsa     Name:   Mary E. Evans Title:   Associate Director    
Title:   Associate Director   Banking Products       Banking Products  
Services, US       Services, US

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

BNP Paribas

Name of Lender

/s/ Angela B. Arnold

Name: Angela B. Arnold Title: Managing Director

/s/ Melissa Balley

Name: Melissa Balley Title: Vice President

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

THE ROYAL BANK OF SCOTLAND PLC

Name of Lender

/s/ Michaela V. Galluzzo

Name: Michaela V. Galluzzo Title: Director

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

DEUTSCHE BANK AG NEW YORK BRANCH

    Name of Lender    

/s/ Ming K. Chu

   

/s/ Heidi Sandquist

Name: MING K. CHU     Name: HEIDI SANDQUIST Title: VICE PRESIDENT     Title:
DIRECTOR

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Banco Bilbao Vizcaya Argentaria S.A.

    Name of Lender    

/s/ Adriana Alaix

   

/s/ Matias Cruces

Name: Adriana Alaix     Name: Matias Cruces Title: Vice President     Title:
Executive Director

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

GOLDMAN SACHS BANK USA

Name of Lender

/s/ Mark Walton

Name: MARK WALTON Title: AUTHORIZED SIGNATORY

--------------------------------------------------------------------------------

By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Australia and New Zealand Banking Group Limited

Name of Lender

/s/ Robert Grillo

Name: Robert Grillo Title: Director

--------------------------------------------------------------------------------

By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Mizuho Corporate Bank (USA)

Name of Lender

/s/ Noel Purcell

Name: Noel Purcell Title: Senior Vice President

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

TORONTO DOMINION (NEW YORK) LLC

Name of Lender

/s/ Bebi Yasin

Name: BEBI YASIN Title: AUTHORIZED SIGNATORY

--------------------------------------------------------------------------------

By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

THE BANK OF NEW YORK MELLON

Name of Lender

/s/ Donald G. Cassidy, Jr.

Name: DONALD G. CASSIDY, JR. Title: MANAGING DIRECTOR

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

US BANK, NATIONAL ASSOCIATION

Name of Lender

/s/ Steven L. Sawyer

Name: Steven L. Sawyer Title: Vice President

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By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

PNC Bank, National Association

Name of Lender

/s/ Michael A. Richards

Name: Michael A. Richards Title:  

Senior Vice President

PNC Bank, National Association

--------------------------------------------------------------------------------

By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

THE NORTHERN TRUST COMPANY

Name of Lender

/s/ Daniel J. Boote

Name: Daniel J. Boote Title: Senior Vice President

--------------------------------------------------------------------------------

By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

SOCIETE GENERALE

Name of Lender

/s/ Kimberly Metzger

Name: Kimberly Metzger Title: Director

--------------------------------------------------------------------------------

By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Barclays Bank PLC

Name of Lender

/s/ Michael Mozer

Name: Michael Mozer Title: Vice President

--------------------------------------------------------------------------------

By its signature below the undersigned Lender

confirms its agreement to the extension and amendments

requested above

 

Bank of China, New York Branch

Name of Lender

/s/ Haifeng Xu

Name: Haifeng Xu Title: Assistant General Manager