Exhibit 10.1

EXECUTION COPY
AMENDMENT NO. 2
Dated as of August 27, 2013
to
REVOLVING CREDIT AGREEMENT
Dated as of September 14, 2011
THIS AMENDMENT NO. 2 (“Amendment”) is made as of August 27, 2013 (the “Amendment
Effective Date”) by and among ConAgra Foods, Inc., as Company (the “Company”),
the “Banks” listed on the signature pages hereof and party hereto, and JPMorgan
Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), under
that certain Revolving Credit Agreement, dated as of September 14, 2011, by and
among the Company, the financial institutions parties thereto as “Banks” (the
“Banks”) and the Administrative Agent (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”). Capitalized terms used
herein and not otherwise defined herein shall have the respective meanings given
to them in the Credit Agreement.
WHEREAS, the Company has requested that the Banks and the Administrative Agent
agree to make certain modifications to the Credit Agreement; and
WHEREAS, the Company, the Banks and the Administrative Agent have so agreed on
the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions set forth herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company, the Banks
party hereto and the Administrative Agent hereby agree as follows.
1.    Amendment to the Credit Agreement. Effective as of the Amendment Effective
Date, but subject to the satisfaction of the condition precedent set forth in
Section 2 below, Section 2.18 of the Credit Agreement is hereby amended and
restated in its entirety as follows:
2.18.    Extension of Termination Date. The Company may request an extension
(subject to each Bank’s right to deny any such requested extension) of the
Termination Date in effect at any time by submitting a request for an extension
substantially in the form of Exhibit I to the Administrative Agent (an
“Extension Request”) not more than 90 days and not less than 45 days prior to
each anniversary of this Agreement. The request shall specify (i) the new
Termination Date, which shall be one year or two years after the Termination
Date then in effect, and (ii) the date (which must be at least 45 days after the
Extension Request is delivered to the Administrative Agent) as of which the next
Termination Date shall be effective (the “Extension Date”); provided, that in no
event shall such new Termination Date cause the scheduled maturity date for the
Loans to extend more than five years beyond the applicable Extension Date;
provided, further, that the Administrative Agent and Banks agree that the
foregoing delivery date requirements in the first two sentences of this Section
shall not apply for the Extension Request to the two-year extension of the
Termination Date delivered by the Company to the Administrative Agent on August
12, 2013. The failure of the Company to request an extension on any applicable
anniversary date shall not prevent the Company from requesting an extension on a
future anniversary date under this Section 2.18.

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Promptly upon receipt of an Extension Request, the Administrative Agent shall
notify each Bank of the contents thereof and shall request each Bank to approve
the Extension Request. Each Bank approving the Extension Request shall deliver
its written Extension Acceptance in the form of Exhibit J (“Acceptance of
Extension”) no later than 15 days after receipt of notice from the
Administrative Agent. An extension hereunder shall only be effective if an
Acceptance of Extension is received by the Administrative Agent from the
Required Banks within the time period set forth above. Failure of a Bank to
respond to an Extension Request shall be deemed a denial of such request. If any
Bank does not accept such extension, then either (i) on the Termination Date
then in effect with respect to such Bank (without giving effect to the Extension
Request rejected by such Bank), (a) the Company shall pay to such Bank all
amounts then payable to such Bank under this Agreement and the Note on its
applicable Termination Date and (b) such Bank’s Commitment shall terminate on
the Termination Date applicable to such Bank or (ii) the Company may, with the
consent of the Administrative Agent (such consent not to be unreasonably
withheld, conditioned or delayed), remove such Bank pursuant to the terms of
Section 2.4. In addition, if the Aggregate Revolving Exposure shall exceed the
Commitments as of such date, the Company shall prepay the Loans and/or cash
collateralize LC Exposure (in such amounts and on terms and conditions
reasonably satisfactory to the Administrative Agent and the Issuing Banks) prior
to such date so that the Aggregate Revolving Exposure is equal to or less than
the aggregate Commitments remaining on such date after giving effect to the
applicable terminations or removals. No extension pursuant to this Section 2.18
shall be effective as to any Bank unless, on the applicable Extension Date (a)
no Event of Default shall exist and (b) if an executive officer of the Company
knows that a Potential Default shall exist or would result upon giving effect to
such extension, the Company shall provide written notice thereof to the
Administrative Agent and such Bank prior to such Bank agreeing to (or declining)
the Extension Request.
2.    Condition of Effectiveness. The effectiveness of this Amendment is subject
only to the condition precedent that the Administrative Agent shall have
received counterparts of this Amendment duly executed by the Company, the Banks
required to execute and deliver this Amendment in order to give effect hereto,
and the Administrative Agent.
3.    Representations and Warranties of the Company. The Company hereby
represents and warrants as follows:
(a)    This Amendment and the Credit Agreement, as amended hereby, constitute
legal, valid and binding obligations of the Company and are enforceable against
the Company in accordance with their terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law.
(b)    As of the date hereof and immediately after giving effect to the terms of
this Amendment, (i) no Event of Default or Potential Default shall have occurred
and be continuing and (ii) the representations and warranties of the Company set
forth in the Credit Agreement, as amended hereby, are true and correct in all
material respects as of the date hereof; provided, that to the extent such
representations and warranties are expressly stated to be made as of an earlier
date, such representations and warranties shall be true and correct in all
material respects as of such earlier date.
4.    Reference to and Effect on the Credit Agreement.

2

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(a)    Upon the effectiveness of this Amendment (a) this Amendment, shall be a
Loan document and (b) on and after the date hereof, each reference in the Credit
Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like
import shall mean and be a reference to the Credit Agreement, as amended hereby.
(b)    Except as specifically amended above, the Credit Agreement shall remain
in full force and effect and is hereby ratified and confirmed.
(c)    The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Administrative Agent or
the Banks, nor constitute a waiver of any provision of the Credit Agreement.
5.    Costs and Expenses. The Company shall pay on demand all reasonable
invoiced costs and out-of-pocket expenses paid or incurred by the Administrative
Agent (including the reasonable and invoiced fees, costs and expenses of
external counsel to the Administrative Agent) incurred in connection with the
preparation, execution and delivery of this Amendment.
6.    Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
7.    Execution. This Amendment may be executed in any number of counterparts
(and by different parties hereto on different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page of this
Amendment by facsimile or other electronic imaging shall be effective as
delivery of a manually executed counterpart of this Amendment.
8.    Headings. Section headings used herein are for convenience of reference
only, are not part of this Amendment and shall not affect the construction of,
or be taken into consideration in interpreting, this Amendment.
[Signature Pages Follow]

3

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.
CONAGRA FOODS, INC.,
as the Company

By /s/ Scott C. Schneider         
 
Name: Scott C. Schneider
 
Title: Vice President, Assistant Treasurer

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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JPMORGAN CHASE BANK, N.A.,
as Administrative Agent, an Issuing Bank and as a Bank

By:    /s/ Tony Yung    
Name:     Tony Yung
Title:    Executive Director

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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BANK OF AMERICA, N.A.

By:    /s/ J. Casey Cosgrove    
Name:     J. Casey Cosgrove
Title:    Director

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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WELLS FARGO BANK, N.A.

By:    /s/ Matthew Olson    
Name:     Matthew Olson
Title:    Vice President

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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U.S. Bank National Association

By:    /s/ Karen Nelsen    
Name:     Karen Nelsen
Title:    Vice President

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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State Street Bank and Trust Company

By:    /s/ Mary H. Carey    
Name:     Mary H. Carey
Title:    Vice President

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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COBANK, ACB

By:    /s/ Kyle Weaver    
Name:     Kyle Weaver
Title:    Vice President

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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Barclays Bank PLC

By:    /s/ Sreedhar Kona    
Name:     Sreedhar Kona
Title:    Vice President

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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BNP Paribas

By:    /s/ Mike Shryock    
Name:     Mike Shryock
Title:    Managing Director

By:    /s/ Michael Pearce    
Name:     Michael Pearce
Title:    Managing Director

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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THE ROYAL BANK OF SCOTLAND plc

By:    /s/ Timothy J. McNaught    
Name:     Timothy J. McNaught
Title:    Managing Director

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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THE BANK OF NOVA SCOTIA

By:    /s/ Laura Gimena    
Name:     Laura Gimena
Title:    Director

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

By:    /s/ Harumi Kambara    
Name:     Harumi Kambara
Title:    Authorized Signatory

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2

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Mizuho Bank (USA)

By:    /s/ Donna DeMagistris    
Name:     Donna DeMagistris
Title:    Senior Vice President

 

Signature Page to
ConAgra 2011 Revolving Credit Agreement
Amendment No. 2