CONFORMED COPY

amendment agreement 

Dated 17 September 2007

for

INTERNATIONAL FLAVORS & FRAGRANCES INC.

as the Parent

AND OTHERS
as the Subsidiaries

 with 

CITIBANK INTERNATIONAL PLC
acting as Agent

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relating to a MULTICURRENCY REVOLVING
facility agreement
 dated 23 NOVEMBER 2005 

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CONTENTS

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[spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif]
[spacer.gif] Clause [spacer.gif] [spacer.gif] Page 1.    Definitions And
Interpretation [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] 2
[spacer.gif] 2.    Amendment [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif]
3 [spacer.gif] 3.    Confirmation [spacer.gif] [spacer.gif] [spacer.gif]
[spacer.gif] 3 [spacer.gif] 4.    Representations [spacer.gif] [spacer.gif]
[spacer.gif] [spacer.gif] 3 [spacer.gif] 5.    Continuity And Further Assurance
[spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] 3 [spacer.gif] 6.    Fees,
Costs And Expenses [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] 3
[spacer.gif] 7.    Miscellaneous [spacer.gif] [spacer.gif] [spacer.gif]
[spacer.gif] 4 [spacer.gif] 8.    Governing Law [spacer.gif] [spacer.gif]
[spacer.gif] [spacer.gif] 4 [spacer.gif] Schedule 1         Conditions Precedent
[spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] 5 [spacer.gif] Schedule
2         Amendment Letter [spacer.gif] [spacer.gif] [spacer.gif] [spacer.gif] 6
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1

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THIS AGREEMENT is dated 17 September 2007 and made between:

[spacer.gif] [spacer.gif] (1)  INTERNATIONAL FLAVORS & FRAGRANCES INC. (the
‘‘Parent’’);

[spacer.gif] [spacer.gif] (2)  THE SUBSIDIARIES of the Parent listed as Original
Borrowers on the signature pages (the ‘‘Subsidiaries’’);

[spacer.gif] [spacer.gif] (3)  CITIBANK INTERNATIONAL PLC as agent on behalf of
itself and the other Finance Parties (the ‘‘Agent’’).

RECITALS

[spacer.gif] [spacer.gif] (A)  The Lenders made a facility available to the
Parent and certain of its Subsidiaries pursuant to the Original Facility
Agreement (as defined below).

[spacer.gif] [spacer.gif] (B)  The Parent has requested that the Finance Parties
amend the Original Facility Agreement so that it may become a Tranche B Borrower
for the purposes of the Original Facility Agreement.

[spacer.gif] [spacer.gif] (C)  The Finance Parties, with the Agent effecting
such amendments on their behalf pursuant to Clause 37.1(b) (Required consents)
of the Original Facility Agreement, the Parent and its Subsidiaries have agreed
to amend the Original Facility Agreement as set out below.

IT IS AGREED as follows:

[spacer.gif] [spacer.gif] 1.  DEFINITIONS AND INTERPRETATION

[spacer.gif] [spacer.gif] 1.1  Definitions

In this Agreement:

‘‘Amended Agreement’’ means the Original Facility Agreement, as amended by this
Agreement.

‘‘Effective Date’’ means the date on which the Agent confirms to the Lenders and
the Parent that it has received each of the documents listed in Schedule 1
(Conditions Precedent) in a form and substance satisfactory to the Agent.

‘‘Original Facility Agreement’’ means the multicurrency revolving facility
agreement dated 23 November 2005 between the Parent, the Subsidiaries, the
Agent, the Arrangers and others (each as defined therein).

[spacer.gif] [spacer.gif] 1.2  Incorporation of defined terms

[spacer.gif] [spacer.gif] [spacer.gif] (a)  Unless a contrary indication
appears, a term defined in Original Facility Agreement has the same meaning in
this Agreement.

[spacer.gif] [spacer.gif] [spacer.gif] (b)  The principles of construction set
out in the Original Facility Agreement shall have effect as if set out in this
Agreement.

[spacer.gif] [spacer.gif] 1.3  Clauses

In this Agreement any reference to a ‘‘Clause’’ or a ‘‘Schedule’’ is, unless the
context otherwise requires, a reference to a Clause or a Schedule to this
Agreement.

[spacer.gif] [spacer.gif] 1.4  Third party rights

A person who is not a party to this Agreement has no right under the Contracts
(Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any
term of this Agreement.

[spacer.gif] [spacer.gif] 1.5  Designation

In accordance with the Original Facility Agreement, each of the Parent and the
Agent designates this Agreement as a Finance Document.

2

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[spacer.gif] [spacer.gif] 2.  AMENDMENT

Each of the parties to this Agreement hereby agrees that as of the Effective
Date the definition of ‘‘Tranche B Borrower’’ shall be read and construed so as
to include the Parent and each reference to ‘‘Tranche B Borrower’’ shall be
deemed to include the Parent.

[spacer.gif] [spacer.gif] 3.  CONFIRMATION

Each of the parties to this Agreement hereby confirms the amendments to the
Original Facility Agreement made by the amendment letter dated 3 August 2006
between the Agent, the Parent and each of the Subsidiaries a copy of which is
attached as Schedule 2 to this Agreement.

[spacer.gif] [spacer.gif] 4.  REPRESENTATIONS

The Repeating Representations are deemed to be made by each Subsidiary and the
Parent (by reference to the facts and circumstances then existing) on:

[spacer.gif] [spacer.gif] [spacer.gif] (a)  the date of this Agreement; and

[spacer.gif] [spacer.gif] [spacer.gif] (b)  the Effective Date.

[spacer.gif] [spacer.gif] 5.  CONTINUITY AND FURTHER ASSURANCE

[spacer.gif] [spacer.gif] 5.1  Continuing obligations

The provisions of the Original Facility Agreement and the other Finance
Documents shall, save as amended by this Agreement, continue in full force and
effect.

[spacer.gif] [spacer.gif] 5.2  Further assurance

Each Subsidiary and the Parent shall, at the request of the Agent and at its own
expense, do all such acts and things necessary or desirable to give effect to
the amendments effected or to be effected pursuant to this Agreement.

[spacer.gif] [spacer.gif] 6.  FEES, COSTS AND EXPENSES

[spacer.gif] [spacer.gif] 6.1  Transaction expenses

The Parent shall promptly on demand pay the Agent the amount of all costs and
expenses (including legal fees subject to any limit as may be separately agreed
between the Parent and the Agent) reasonably incurred by it in connection with
the negotiation, preparation, printing and execution of this Agreement and any
other documents referred to in this Agreement.

[spacer.gif] [spacer.gif] 6.2  Enforcement costs

The Parent shall, within three Business Days of demand, pay to each Finance
Party the amount of all costs and expenses (including legal fees) incurred by
that Finance Party in connection with the enforcement of, or the preservation of
any rights under, this Agreement.

[spacer.gif] [spacer.gif] 6.3  Stamp taxes

The Parent shall pay and, within three Business Days of demand, indemnify each
Finance Party against any cost, loss or liability that Finance Party incurs in
relation to all stamp duty, registration and other similar Taxes payable in
respect of this Agreement.

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[spacer.gif] [spacer.gif] 7.  MISCELLANEOUS

[spacer.gif] [spacer.gif] 7.1  Incorporation of terms

The provisions of Clause 33 (Notices), Clause 35 (Partial Invalidity), Clause 36
(Remedies and waivers) and Clause 40 (Enforcement) of the Original Facility
Agreement shall be incorporated into this Agreement as if set out in full in
this Agreement and as if references in those clauses to ‘‘this Agreement’’ or
‘‘the Finance Documents’’ are references to this Agreement.

[spacer.gif] [spacer.gif] 7.2  Counterparts

This Agreement may be executed in any number of counterparts, and this has the
same effect as if the signatures on the counterparts were on a single copy of
this Agreement.

[spacer.gif] [spacer.gif] 8.  Governing Law

This Agreement is governed by English law.

This Agreement has been entered into on the date stated at the beginning of this
Agreement.

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SCHEDULE 1

Conditions Precedent

[spacer.gif] [spacer.gif] 1.  Corporate documents

[spacer.gif] [spacer.gif] [spacer.gif] (a)  A copy of the constitutional
documents of each Subsidiary and the Parent or a certificate of an authorised
signatory of each relevant Subsidiary and the Parent certifying that the
constitutional documents previously delivered to the Agent for the purposes of
the Original Facility Agreement have not been amended and remain in full force
and effect.

[spacer.gif] [spacer.gif] [spacer.gif] (b)  A copy of a resolution of the board
of directors of each Subsidiary and the Parent:

[spacer.gif] [spacer.gif] [spacer.gif] (i)  approving the terms of, and the
transactions contemplated by, this Agreement and resolving that it execute this
Agreement; and

[spacer.gif] [spacer.gif] [spacer.gif] (ii)  authorising a specified person or
persons to execute this Agreement on its behalf.

[spacer.gif] [spacer.gif] [spacer.gif] (c)  A specimen of the signature of each
person authorised by the resolution referred to in paragraph (b) above.

[spacer.gif] [spacer.gif] [spacer.gif] (d)  A certificate of an authorised
signatory of the relevant Subsidiary and the Parent certifying that each copy
document relating to it specified in this Schedule 1 is correct, complete and in
full force and effect as at a date no earlier than the date of this Agreement.

[spacer.gif] [spacer.gif] 2.  Legal Opinions

[spacer.gif] [spacer.gif] [spacer.gif] (a)  A legal opinion of Clifford Chance
LLP, Amsterdam, legal advisers to the Arranger and the Agent as to English law,
substantially in the form distributed to the Lenders prior to signing this
Agreement.

[spacer.gif] [spacer.gif] [spacer.gif] (b)  If a Subsidiary or the Parent is
incorporated in a jurisdiction other than England and Wales, a legal opinion of
the legal advisers to the Arranger and the Agent in the relevant jurisdiction,
substantially in the form distributed to the Lenders prior to signing this
Agreement.

[spacer.gif] [spacer.gif] 3.  Other documents and evidence

A copy of any other Authorisation or other document, opinion or assurance which
the Agent considers to be necessary or desirable (if it has notified the Parent
accordingly) in connection with the entry into and performance of the
transaction contemplated by this Agreement or for the validity and
enforceability of this Agreement.

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SCHEDULE 2

Amendment Letter

[spacer.gif] [spacer.gif] To:  International Flavors & Fragrances (Luxembourg)
S.à.r.l
6 rue de Mamer
L-8081 Bertrange
Luxembourg

[spacer.gif] [spacer.gif] Attn:  Iain Campbell

[spacer.gif] [spacer.gif] Date:  3 August 2006

Dear Sirs,

Multicurrency Revolving Facility Agreement dated 23 November 2005 between
International Flavors & Fragrances (Luxembourg) S.à.r.l and the Original
Borrowers as Borrowers, International Flavors & Fragrances Inc. as Guarantor and
Parent, Citigroup Global Markets Limited, Fortis Bank S.A./N.V., Bank of
America, N.A., Bank of Tokyo-Mitsubishi, BNP Paribas, ING Bank N.V., J.P. Morgan
Securities Inc. and Wachovia Bank, National Association as Mandated Lead
Arrangers, Citibank International PLC as Agent and Euro Swingline Agent,
Citibank N.A. as US Swingline Agent and the financial institutions named therein
as Lenders (the ‘‘Facility Agreement’’)

[spacer.gif] [spacer.gif] 1.  DEFINITIONS

We refer to the Facility Agreement. All terms herein, unless otherwise defined,
shall have the same meaning as in the Facility Agreement. The Majority Lenders,
pursuant to Clause 37 (Amendments and Waivers) of the Facility Agreement, have
authorised the Agent to sign this letter on behalf of the Lenders.

[spacer.gif] [spacer.gif] 2.  FACILITY AGREEMENT AMENDMENTS

Subject to Clause 3 below, we confirm that the Majority Lenders consent to the
following amendments to the Facility Agreement (with such amendments to take
effect on the date on which the last person to countersign a copy of this letter
countersigns a copy of this letter):

[spacer.gif] [spacer.gif] 2.1  Clause 25.12 (Material adverse change) shall be
deleted in its entirety;

[spacer.gif] [spacer.gif] 2.2  Clause 25.13 (Acceleration) shall be renumbered
as Clause 25.12 (Acceleration); and

[spacer.gif] [spacer.gif] 2.3  A new sub-clause 37.1(c) shall be inserted as
follows:

[spacer.gif] [spacer.gif] [spacer.gif] ‘‘(c)  Each Obligor agrees to any such
amendment or waiver permitted by this Clause 37 which is agreed to by the
Parent. This includes any amendment or waiver which would, but for this
paragraph (c), require the consent of the Guarantor.’’

[spacer.gif] [spacer.gif] 3.  GENERAL CONDITIONS

[spacer.gif] [spacer.gif] 3.1  Nothing in this letter shall be deemed to be an
amendment, waiver or consent of the Agent or the Lenders of any provision of the
Facility Agreement or any other Finance Document or any default (howsoever
described), save to the extent expressly referred to in this letter.

[spacer.gif] [spacer.gif] 3.2  This letter is a Finance Document and is governed
by English Law.

[spacer.gif] [spacer.gif] 3.3  This letter may be executed in any number of
counterparts, all of which when taken together will constitute one and the same
instrument.

Yours faithfully,

Citibank International PLC
as Agent

SIGNATURES NOT REPRODUCED

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SIGNATURES

The Parent

INTERNATIONAL FLAVORS & FRAGRANCES INC.

[spacer.gif] [spacer.gif] By:  Douglas J. Wetmore

[spacer.gif] [spacer.gif] Title:  Senior Vice President and Chief Financial
Officer

[spacer.gif] [spacer.gif] Address:  521 West 57th St., New York NY 10019

[spacer.gif] [spacer.gif] Fax:  + 1 212 708 7191

[spacer.gif] [spacer.gif] Tel:  + 1 212 765 5500

[spacer.gif] [spacer.gif] Attention:  Dennis Meany

The Original Borrowers

INTERNATIONAL FLAVORS & FRAGRANCES INC.

[spacer.gif] [spacer.gif] By:  Douglas J. Wetmore

[spacer.gif] [spacer.gif] Title:  Senior Vice President and Chief Financial
Officer

[spacer.gif] [spacer.gif] Address:  521 West 57th St., New York, NY 10019

[spacer.gif] [spacer.gif] Fax:  + 1 212 708 7191

[spacer.gif] [spacer.gif] Tel:  + 1 212 765 5500

[spacer.gif] [spacer.gif] Attention:  Dennis Meany

INTERNATIONAL FLAVORS & FRAGRANCES (LUXEMBOURG) S.À.R.L

[spacer.gif] [spacer.gif] By:  J.H.M. van Noorden

[spacer.gif] [spacer.gif] Title:  VP Legal Affairs EAME

[spacer.gif] [spacer.gif] Address:  6 Rue de Mamer
L-8081 Bertrange, Luxembourg

[spacer.gif] [spacer.gif] Fax:  + 35 2 26 11 41 41

[spacer.gif] [spacer.gif] Tel:  + 35 2 26 11 41 1

[spacer.gif] [spacer.gif] Attention:  I. Campbell

INTERNATIONAL FLAVORS & FRAGRANCES I.F.F. (NEDERLAND) B.V.

[spacer.gif] [spacer.gif] By:  J.H.M. van Noorden

[spacer.gif] [spacer.gif] Title:  Managing Director

[spacer.gif] [spacer.gif] Address:  P.O. Box 309
1200 AH Hilversum
The Netherlands

[spacer.gif] [spacer.gif] Fax:  + 31 (0)35 6883 202

[spacer.gif] [spacer.gif] Tel:  + 31 (0)35 6883 911

[spacer.gif] [spacer.gif] Attention:  J.H.M. van Noorden

7

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INTERNATIONAL FLAVORS & FRAGRANCES (NEDERLAND) HOLDING B.V.

[spacer.gif] [spacer.gif] By:  J.H.M. van Noorden

[spacer.gif] [spacer.gif] Title:  Managing Director

[spacer.gif] [spacer.gif] Address:  P.O. Box 309
1200 AH Hilversum
The Netherlands

[spacer.gif] [spacer.gif] Fax:  + 31 (0)35 6883 202

[spacer.gif] [spacer.gif] Tel:  + 31 (0)35 6883 911

[spacer.gif] [spacer.gif] Attention:  J.H.M. van Noorden

IRISH FLAVOURS AND FRAGRANCES LTD

[spacer.gif] [spacer.gif] By:  J.H.M. van Noorden

[spacer.gif] [spacer.gif] Title:  VP Legal Affairs EAME

[spacer.gif] [spacer.gif] Address:  Industrial Estate, Drogheda, Co. Louth

[spacer.gif] [spacer.gif] Fax:  + 353 (0)41 983 5119

[spacer.gif] [spacer.gif] Tel:  + 353 (0)41 983 1031

[spacer.gif] [spacer.gif] Attention:  M. Tolan

IFF BENICARLO SA

[spacer.gif] [spacer.gif] By:  J.H.M. van Noorden

[spacer.gif] [spacer.gif] Title:  VP Legal Affairs EAME

[spacer.gif] [spacer.gif] Address:  Avenida Felipe Klein, 2
Benicarlo – 12580 – Castellón

[spacer.gif] [spacer.gif] Fax:  +34 (0)964 473 411

[spacer.gif] [spacer.gif] Tel:  +34 (0)964 470 200

Attention:    A. Dantart

INTERNATIONAL FLAVOURS & FRAGRANCES I.F.F. (GREAT BRITAIN) LTD

[spacer.gif] [spacer.gif] By:  J.H.M. van Noorden

[spacer.gif] [spacer.gif] Title:  VP Legal Affairs EAME

[spacer.gif] [spacer.gif] Address:  Duddery Hill, Haverhill, Suffolk, CB9 8LG
United Kingdom

[spacer.gif] [spacer.gif] Fax:  + 44 (0)1440 76 1599

[spacer.gif] [spacer.gif] Tel:  + 44 (0)1440 71 5000

[spacer.gif] [spacer.gif] Attention:  P.J. Gardner

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BUSH BOAKE ALLEN HOLDINGS (UK) LTD

[spacer.gif] [spacer.gif] By:  J.H.M. van Noorden

[spacer.gif] [spacer.gif] Title:  VP Legal Affairs EAME

[spacer.gif] [spacer.gif] Address:  Duddery Hill, Haverhill, Suffolk, CB9 8LG
United Kingdom

[spacer.gif] [spacer.gif] Fax:  + 44 (0)1440 76 1599

[spacer.gif] [spacer.gif] Tel:  + 44 (0)1440 71 5000

[spacer.gif] [spacer.gif] Attention:  P.J. Gardner

THE AGENT

CITIBANK INTERNATIONAL PLC

[spacer.gif] [spacer.gif] By:  John Nelson

[spacer.gif] [spacer.gif] Title:  Specialist

[spacer.gif] [spacer.gif] Address:  Canada Square
Canary Wharf
London
E14 5L

[spacer.gif] [spacer.gif] Fax:  +44 208 663 3824

[spacer.gif] [spacer.gif] Tel:  +44 207 500 4246

[spacer.gif] [spacer.gif] Attention:  John Nelson
john1.nelson@citi.com

9

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