364-Day Revolving Credit Agreement, dated as of 11/20/2009


 Exhibit 10.1 
 U.S.$600,000,000 
 CREDIT AGREEMENT 
 relating to a 
 364-DAY REVOLVING CREDIT FACILITY 
 Dated as of November 20, 2009 
 Among 
 ALTRIA
GROUP, INC. 
 and 
 THE INITIAL LENDERS NAMED HEREIN 
 and 
 JPMORGAN CHASE BANK, N.A. 
 and 
 CITIBANK, N.A. 
 as Administrative Agents 
 * * * * * * * * * * 
 BARCLAYS CAPITAL, CREDIT SUISSE SECURITIES (USA)
LLC, DEUTSCHE 
 BANK SECURITIES INC. and GOLDMAN SACHS CREDIT PARTNERS L.P. 
 as Syndication Agents 
 and 
 BANCO SANTANDER, S.A., NEW YORK BRANCH, THE BANK OF NOVA SCOTIA,

 HSBC BANK USA, NATIONAL ASSOCIATION, MORGAN STANLEY SENIOR 
 FUNDING, INC. and THE ROYAL BANK OF SCOTLAND PLC 
 as Documentation Agents 
 and 
 J.P. MORGAN SECURITIES INC., CITIGROUP GLOBAL MARKETS INC., 
 BARCLAYS CAPITAL, CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE 
 BANK SECURITIES INC. and GOLDMAN SACHS
CREDIT PARTNERS L.P. 
 as Joint Bookrunners 






 Table of Contents 
  

					
	 	  	 	  	Page
			
	ARTICLE I	  	DEFINITIONS AND ACCOUNTING TERMS	  	1
			
	Section 1.01.	  	Certain Defined Terms	  	1
			
	Section 1.02.	  	Computation of Time Periods	  	13
			
	Section 1.03.	  	Accounting Terms	  	13
			
	ARTICLE II	  	AMOUNTS AND TERMS OF THE ADVANCES	  	13
			
	Section 2.01.	  	The Pro Rata Advances	  	13
			
	Section 2.02.	  	Making the Pro Rata Advances	  	14
			
	Section 2.03.	  	Repayment of Pro Rata Advances	  	16
			
	Section 2.04.	  	Interest on Pro Rata Advances	  	16
			
	Section 2.05.	  	Additional Interest on LIBO Rate Advances	  	16
			
	Section 2.06.	  	Conversion of Pro Rata Advances	  	17
			
	Section 2.07.	  	The Competitive Bid Advances	  	17
			
	Section 2.08.	  	LIBO Rate Determination	  	22
			
	Section 2.09.	  	Fees	  	23
			
	Section 2.10.	  	Termination or Reduction of the Commitments	  	23
			
	Section 2.11.	  	Prepayments	  	23
			
	Section 2.12.	  	Increased Costs	  	24
			
	Section 2.13.	  	Illegality	  	25
			
	Section 2.14.	  	Payments and Computations	  	26
			
	Section 2.15.	  	Taxes	  	27
			
	Section 2.16.	  	Sharing of Payments, Etc	  	29
			
	Section 2.17.	  	Defaulting Lenders	  	30
			
	Section 2.18.	  	Evidence of Debt	  	31
			
	Section 2.19.	  	Use of Proceeds	  	32
			
	ARTICLE III	  	CONDITIONS TO EFFECTIVENESS AND LENDING	  	32
			
	Section 3.01.	  	Conditions Precedent to Effectiveness	  	32
			
	Section 3.02.	  	Initial Advance to Each Designated Subsidiary	  	33

  

 i 







 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	Section 3.03.	  	Conditions Precedent to Each Pro Rata Borrowing	  	34
			
	Section 3.04.	  	Conditions Precedent to Each Competitive Bid Borrowing	  	35
			
	ARTICLE IV	  	REPRESENTATIONS AND WARRANTIES	  	36
			
	Section 4.01.	  	Representations and Warranties of Altria	  	36
			
	ARTICLE V	  	COVENANTS OF ALTRIA	  	37
			
	Section 5.01.	  	Affirmative Covenants	  	37
			
	Section 5.02.	  	Negative Covenants	  	39
			
	ARTICLE VI	  	EVENTS OF DEFAULT	  	40
			
	Section 6.01.	  	Events of Default	  	40
			
	Section 6.02.	  	Lenders’ Rights upon Event of Default	  	42
			
	ARTICLE VII	  	THE ADMINISTRATIVE AGENTS	  	42
			
	Section 7.01.	  	Authorization and Action	  	42
			
	Section 7.02.	  	Administrative Agents’ Reliance, Etc	  	43
			
	Section 7.03.	  	JPMCB, Citibank and Affiliates	  	44
			
	Section 7.04.	  	Lender Credit Decision	  	44
			
	Section 7.05.	  	Indemnification	  	44
			
	Section 7.06.	  	Successor Administrative Agents	  	45
			
	Section 7.07.	  	Syndication Agents and Documentation Agents	  	45
			
	ARTICLE VIII	  	GUARANTY	  	45
			
	Section 8.01.	  	Guaranty	  	45
			
	Section 8.02.	  	Guaranty Absolute	  	46
			
	Section 8.03.	  	Waivers	  	46
			
	Section 8.04.	  	Continuing Guaranty	  	47

  

 ii 







 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	ARTICLE IX	  	MISCELLANEOUS	  	47
			
	Section 9.01.	  	Amendments, Etc	  	47
			
	Section 9.02.	  	Notices, Etc	  	47
			
	Section 9.03.	  	No Waiver; Remedies	  	49
			
	Section 9.04.	  	Costs and Expenses	  	49
			
	Section 9.05.	  	Right of Set-Off	  	50
			
	Section 9.06.	  	Binding Effect	  	50
			
	Section 9.07.	  	Assignments and Participations	  	51
			
	Section 9.08.	  	Designated Subsidiaries	  	54
			
	Section 9.09.	  	Governing Law	  	54
			
	Section 9.10.	  	Execution in Counterparts	  	54
			
	Section 9.11.	  	Jurisdiction, Etc	  	54
			
	Section 9.12.	  	Confidentiality	  	55
			
	Section 9.13.	  	Integration	  	55
			
	Section 9.14.	  	USA Patriot Act Notice	  	55
			
	Section 9.15.	  	No Fiduciary Duty	  	56

 SCHEDULE 
  

					
	Schedule I	 	-	  	List of Commitments and Applicable Lending Offices
	Schedule II	 	-	  	Certain Subsidiary Information
			
	EXHIBITS	 		  	
			
	Exhibit A-1	 	-	  	Form of Pro Rata Note
	Exhibit A-2	 	-	  	Form of Competitive Bid Note
	Exhibit B-1	 	-	  	Form of Notice of Pro Rata Borrowing
	Exhibit B-2	 	-	  	Form of Notice of Competitive Bid Borrowing
	Exhibit C	 	-	  	Form of Assignment and Acceptance
	Exhibit D	 	-	  	Form of Designation Agreement
	Exhibit E	 	-	  	Form of Guarantee
	Exhibit F-1	 	-	  	Form of Opinion of Counsel for Altria
	Exhibit F-2	 	-	  	Form of Opinion of Counsel for Altria
	Exhibit F-3	 		  	Form of Opinion of Counsel for Guarantor
	Exhibit G	 	-	  	Form of Opinion of Counsel for Designated Subsidiary

  

 iii 







 Table of Contents 
 (continued) 
  

							
	 	 	 	  	 	  	Page
	Exhibit H	 	-	  	Form of Opinion of Counsel for JPMCB, as Adminstrative Agent	  	
	Exhibit I	 	-	  	Form of Confidentiality Agreement	  	

  

 iv 







 364-DAY REVOLVING CREDIT AGREEMENT 
 Dated as of November 20, 2009 
 ALTRIA GROUP, INC., a Virginia corporation (“Altria”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature
pages hereof, and JPMORGAN CHASE BANK, N.A. (“JPMCB”) and CITIBANK, N.A. (“Citibank”), as administrative agents (each, in such capacity, an “Administrative Agent”) for the Lenders (as hereinafter
defined), agree as follows: 
 ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS 
 Section 1.01. Certain Defined
Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Advance” means a Pro Rata Advance or a Competitive Bid Advance. 
 “Applicable Commitment Fee Rate” means, for any period, a percentage per annum equal to the percentage set
forth below determined by reference to the higher of the rating of Altria’s long-term senior unsecured debt from Standard & Poor’s and Moody’s, in each case in effect from time to time during such period: 
  

				
	 Long-Term Senior Unsecured Debt Rating
	  	Applicable
Commitment
Fee Rate	 
		
	 A and A2 or higher
	  	0.2000	% 
		
	 A- and A3
	  	0.2500	% 
		
	 BBB+ and Baa1
	  	0.3750	% 
		
	 BBB and Baa2
	  	0.4250	% 
		
	 Lower than BBB and Baa2
	  	0.5000	% 

 provided that if no rating is available on any date of determination from
Moody’s and Standard & Poor’s or any other nationally recognized statistical rating organization designated by Altria and reasonably satisfactory to JPMCB, as Administrative Agent, the Applicable Commitment Fee Rate shall be
0.5000%. 






 “Applicable Interest Rate Margin” means for any Interest
Period a percentage per annum equal to the Credit Default Swap Spread, subject to a minimum rate and a maximum rate as determined by reference to the higher of the rating of Altria’s long-term senior unsecured debt from Standard &
Poor’s and Moody’s, in each case in effect on the CDS Determination Date: 
  

							
	 Long-Term Senior Unsecured Debt Rating
	  	Minimum	 	 	Maximum	 
			
	 A- and A3 or higher
	  	1.500	% 	 	3.500	% 
			
	 BBB+ and Baa1
	  	2.000	% 	 	4.000	% 
			
	 BBB and Baa2
	  	2.500	% 	 	4.500	% 
			
	 Lower than BBB and Baa2
	  	3.000	% 	 	5.000	% 

 provided that if no rating is available on any CDS Determination Date from
Moody’s and Standard & Poor’s or any other nationally recognized statistical rating organization designated by Altria and reasonably satisfactory to JPMCB, as Administrative Agent, the Applicable Interest Rate Margin shall be
determined as if Altria’s long-term unsecured debt rating were lower than BBB and Baa2. 
 The Applicable Interest Rate
Margin for any Base Rate Advance on any date will be equal to the Applicable Interest Rate Margin for LIBO Rate Advances on such date minus 1% per annum. 
 “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office
in the case of a Pro Rata Advance and, in the case of a Competitive Bid Advance, the office of such Lender notified by such Lender to JPMCB, as Administrative Agent, as its Applicable Lending Office with respect to such Competitive Bid Advance.

 “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and
an Eligible Assignee, and accepted by JPMCB, as Administrative Agent, in substantially the form of Exhibit C hereto. 
 “Base Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of: 
 (i) the rate of interest announced publicly by JPMCB in New York, New York, from time to time, as JPMCB’s prime rate;
and 
 (ii)  1/2 of one percent per annum above the Federal Funds Effective Rate;
and 
 (iii) the LIBO rate for a one-month Interest Period. 
  

 2 







 “Base Rate Advance” means a Pro Rata Advance that bears
interest as provided in Section 2.04(a)(i). 
 “Base Rate Interest” has the meaning
specified in Section 2.04(a)(i). 
 “Board” means the Board of Governors of the Federal
Reserve System of the United States (or any successor). 
 “Borrowers” means, collectively,
Altria and each Designated Subsidiary that shall become a party to this Agreement pursuant to Section 9.08. 
 “Borrowing” means a Pro Rata Borrowing or a Competitive Bid Borrowing. 
 “Business Day” means a day of the year on which banks are not required or authorized by law to close in New York City and, if the applicable Business Day relates to any LIBO Rate Advances or Floating Rate Bid Advances, on
which dealings are carried on in the London interbank market and banks are open for business in London. 
 “CDS Determination Date” means (a) as to LIBO Rate Advances, the second Business Day prior to the borrowing of such LIBO Rate Advance for such LIBO Rate Advances, and (b) as to Base Rate Advances, initially, the
Effective Date and thereafter, the first Business Day of each succeeding calendar quarter. 
 “Commitment” means as to any Lender (i) the Dollar amount set forth opposite such Lender’s name on Schedule I hereto or (ii) if such Lender has entered into an Assignment and Acceptance, the Dollar amount set
forth for such Lender in the Register maintained by JPMCB, as Administrative Agent, pursuant to Section 9.07(d), in each case as such amount may be reduced pursuant to Section 2.10. 
 “Competitive Bid Advance” means an advance by a Lender to any Borrower as part of a Competitive Bid
Borrowing resulting from the competitive bidding procedure described in Section 2.07 and refers to a Fixed Rate Bid Advance or a Floating Rate Bid Advance. 
 “Competitive Bid Borrowing” means a borrowing consisting of simultaneous Competitive Bid Advances from each
of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.07. 
 “Competitive Bid Note” means a promissory note of any Borrower payable to the order of any Lender, in
substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender to such Borrower. 
 “Competitive Bid Reduction” has the meaning specified in Section 2.01. 
  

 3 







 “Consolidated EBITDA” means, for any accounting period, the
consolidated net earnings (or loss) of Altria and its Subsidiaries plus, without duplication and to the extent included as a separate item on Altria’s consolidated statements of earnings or consolidated statements of cash flows in the case of
clauses (a) through (e) for such period, the sum of (a) provision for income taxes, (b) interest and other debt expense, net, (c) depreciation expense, (d) amortization of intangibles, (e) any extraordinary,
unusual or non-recurring expenses or losses or any similar expense or loss subtracted from “Gross profit” in the calculation of “Operating income” and (f) the portion of loss included on Altria’s consolidated statements
of earnings of any Person (other than a Subsidiary of Altria) in which Altria or any of its Subsidiaries has an ownership interest and any cash that is actually received by Altria or such Subsidiary from such Person in the form of dividends or
similar distributions, and minus, without duplication, the sum of (x) to the extent included as a separate item on Altria’s consolidated statements of earnings for such period, any extraordinary, unusual or non-recurring income or
gains or any similar income or gain added to “Gross profit” in the calculation of “Operating income,” and (y) the portion of income included on Altria’s consolidated statements of earnings of any Person (other than a
Subsidiary of Altria) in which Altria or any of its Subsidiaries has an ownership interest, except to the extent that any cash is actually received by Altria or such Subsidiary from such Person in the form of dividends or similar distributions, all
as determined on a consolidated basis in accordance with accounting principles generally accepted in the United States for such period, except that if there has been a material change in an accounting principle as compared to that applied in the
preparation of the financial statements of Altria and its Subsidiaries as at and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of Consolidated EBITDA. A material change in an
accounting principle is one that, in the year of its adoption, changes Consolidated EBITDA for any quarter in such year by more than 10%. 
 “Consolidated Interest Expense” means, for any accounting period, total interest expense of Altria and its Subsidiaries with respect to all outstanding Debt of Altria and its Subsidiaries
during such period, all as determined on a consolidated basis for such period and in accordance with accounting principles generally accepted in the United States for such period, except that if there has been a material change in an accounting
principle as compared to that applied in the preparation of the financial statements of Altria and its Subsidiaries as at and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of
Consolidated Interest Expense. A material change in an accounting principle is one that, in the year of its adoption, changes Consolidated Interest Expense for any quarter in such year by more than 10%. 
 “Consolidated Tangible Assets” means the total assets appearing on a consolidated balance sheet of Altria
and its Subsidiaries, less goodwill and other intangible assets and the minority interests of other Persons in such Subsidiaries, all as determined in accordance with accounting principles generally accepted in the United States, except that if
there has been a material change in an accounting principle as compared to that applied in the preparation of the financial statements of Altria and its

  

 4 







 
Subsidiaries as at and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of Consolidated Tangible Assets. A material change in
an accounting principle is one that, in the year of its adoption, changes Consolidated Tangible Assets at any quarter in such year by more than 10%. 
 “Convert,” “Conversion” and “Converted” each refers to a conversion of Pro Rata Advances of one Type into Pro Rata Advances of the other Type pursuant to
Section 2.06, 2.08 or 2.13. 
 “Credit Default Swap Spread” means, at any CDS Determination
Date, the one-year credit default swap spread applicable to Altria’s long-term senior unsecured debt, determined as of the close of business on the Business Day immediately preceding such CDS Determination Date, as reported and interpolated, if
applicable, by Markit Group Limited or any successor thereto. If on any CDS Determination Date the Credit Default Swap Spread is unavailable, Altria and the Lenders shall negotiate in good faith (for a period of up to thirty days from such date
(such thirty-day period, the “Negotiation Period”)) to agree on an alternative method for establishing the Applicable Interest Rate Margin. The Applicable Interest Rate Margin for any day that falls during the Negotiation Period shall be
based upon the then most recently available quote of the Credit Default Swap Spread. If no such alternative method is agreed upon during the Negotiation Period, the Applicable Interest Rate Margin for any day subsequent to the end of the Negotiation
Period shall be a rate per annum equal to the “Maximum” set forth in the Applicable Interest Rate Margin pricing grid based upon the ratings by Moody’s and Standard & Poor’s, respectively, applicable on such date to
Altria’s long-term senior unsecured debt. 
 “Debt” means, without duplication,
(a) indebtedness for borrowed money or for the deferred purchase price of property or services, whether or not evidenced by bonds, debentures, notes or similar instruments, (b) obligations as lessee under leases that, in accordance with
accounting principles generally accepted in the United States, are recorded as capital leases, (c) obligations as an account party or applicant under letters of credit (other than trade letters of credit incurred in the ordinary course of
business) to the extent such letters of credit are drawn and not reimbursed within five Business Days of such drawing, (d) the aggregate principal (or equivalent) amount of financing raised through outstanding securitization financings of
accounts receivable, and (e) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss (including by way of
(i) granting a security interest or other Lien on property or (ii) having a reimbursement obligation under or in respect of a letter of credit or similar arrangement (to the extent such letter of credit is not collateralized by assets
(other than Operating Assets) having a fair value equal to the amount of such reimbursement obligation), in any case in respect of, indebtedness or obligations of any other Person of the kinds referred to in clause (a), (b), (c) or
(d) above). For the avoidance of doubt, the following shall not constitute “Debt” for purposes of this Agreement: (A) any obligation that is fully non-recourse to Altria or any of its Subsidiaries, (B) intercompany debt of
Altria or any of its

  

 5 







 
Subsidiaries, (C) any appeal bond or other arrangement to secure a stay of execution on a judgment or order, provided that any such appeal bond or other arrangement issued by a third party
in connection with such arrangement shall constitute Debt to the extent Altria or any of its Subsidiaries has a reimbursement obligation to such third party that is not collateralized by assets (other than Operating Assets) having a fair value equal
to the amount of such reimbursement obligation, (D) unpaid judgments, or (E) defeased indebtedness. 
 “Default” means any event specified in Section 6.01 that would constitute an Event of Default but for the requirement that notice be given or time elapse or both. 
 “Defaulting Lender” means any Lender that has (a) failed to fund any portion of its Commitments within
one Business Day of the date required to be funded by it hereunder, (b) notified Altria or JPMCB, as Administrative Agent, in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a
public statement to the effect that it does not intend to comply with its funding obligations either under this Agreement or generally under agreements in which it has committed to extend credit, (c) failed, within three Business Days after
written request by JPMCB, as Administrative Agent (whether acting on its own behalf or at the reasonable request of Altria (it being understood that JPMCB, as Administrative Agent, shall comply with any such reasonable request)), to confirm that it
will comply with the terms of this Agreement relating to its obligations to fund prospective Advances; provided that any such Lender shall cease to be a Defaulting Lender under this clause (c) upon receipt of such confirmation by the
Administrative Agent, (d) otherwise failed to pay over to JPMCB, as Administrative Agent, or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless such amount is the
subject of a good faith dispute, or (e) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has a parent company that has become the subject of a bankruptcy
or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it. No Lender shall be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in such Lender or a parent company
thereof by a Governmental Authority or an instrumentality thereof. 
 “Designated Subsidiary”
means any wholly-owned Subsidiary of Altria designated for borrowing privileges under this Agreement pursuant to Section 9.08. 
 “Designation Agreement” means, with respect to any Designated Subsidiary, an agreement in the form of Exhibit D hereto signed by such Designated Subsidiary and Altria. 
 “Dollars” and the “$” sign each means lawful currency of the United States of America.

  

 6 







 “Domestic Lending Office” means, with respect to any
Lender, the office of such Lender specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such
Lender may from time to time specify to Altria and JPMCB, as Administrative Agent. 
 “Effective
Date” has the meaning specified in Section 3.01. 
 “Eligible Assignee” means
(i) a commercial bank organized under the laws of the United States, or any State thereof, and having total assets in excess of $10,000,000,000; (ii) a commercial bank organized under the laws of any other country which is a member of the
Organization for Economic Cooperation and Development (or any successor) (“OECD”), or a political subdivision of any such country, and having total assets in excess of $10,000,000,000, provided that such bank is acting through a
branch or agency located in the country in which it is organized or another country which is also a member of the OECD or the Cayman Islands; (iii) the central bank of any country which is a member of the OECD; (iv) a commercial finance
company or finance Subsidiary of a corporation organized under the laws of the United States, or any State thereof, and having total assets in excess of $6,000,000,000; (v) an insurance company organized under the laws of the United States, or
any State thereof, and having total assets in excess of $10,000,000,000; (vi) any Lender; (vii) an affiliate of any Lender; and (viii) any other bank, commercial finance company, insurance company or other Person approved in writing
by Altria, which approval shall be notified to JPMCB, as Administrative Agent; provided, however, that the term “Eligible Assignee” shall not include a Defaulting Lender or an affiliate of a Defaulting Lender. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the
regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person
that for purposes of Title IV of ERISA is a member of any Borrower’s controlled group, or under common control with any Borrower, within the meaning of Section 414 of the Internal Revenue Code. 
 “ERISA Event” means (a) (i) the occurrence with respect to a Plan of a reportable event, within
the meaning of Section 4043 of ERISA, unless the 30-day notice requirement with respect thereto has been waived by the Pension Benefit Guaranty Corporation (or any successor) (“PBGC”), or (ii) the requirements of
subsection (1) of Section 4043(b) of ERISA (without regard to subsection (2) of such section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in
paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan;
(c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan, pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a

  

 7 







 
plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility of any Borrower or Altria or any of their ERISA Affiliates in the circumstances
described in Section 4062(e) of ERISA; (e) the withdrawal by any Borrower or Altria or any of their ERISA Affiliates from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in
Section 4001(a)(2) of ERISA; (f) the conditions set forth in Section 302(f)(1)(A) and (B) of ERISA to the creation of a lien upon property or rights to property of any Borrower or Altria or any of their ERISA Affiliates for
failure to make a required payment to a Plan are satisfied; (g) the adoption of an amendment to a Plan requiring the provision of security to such Plan, pursuant to Section 307 of ERISA; or (h) the termination of a Plan by the PBGC
pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan. 
 “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board, as in effect
from time to time. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office
of such Lender specified as its “Eurodollar Lending Office” opposite its name on Schedule I hereto or in the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office),
or such other office of such Lender as such Lender may from time to time specify to Altria and JPMCB, as Administrative Agent. 
 “Eurodollar Rate Reserve Percentage” for any Interest Period, for all LIBO Rate Advances or Floating Rate Bid Advances comprising part of the same Borrowing, means, the reserve percentage
applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other
marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that
includes deposits by reference to which the interest rate on LIBO Rate Advances or Floating Rate Bid Advances is determined) having a term equal to such Interest Period. 
 “Event of Default” has the meaning specified in Section 6.01. 
 “Existing Loan Agreement” means Altria’s existing 5-Year Revolving Credit Agreement dated as of
April 15, 2005. 
 “Federal Bankruptcy Code” means the Bankruptcy Reform Act of 1978, as
amended from time to time. 
 “Federal Funds Effective Rate” means, for any
day, the weighted average (rounded upwards, if necessary, to the next  1/100 of 1%) of the rates on overnight 

  

 8 







 
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York,
or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next  1/
100 of 1%) of the quotations for such day for such transactions received by JPMCB, as Administrative Agent, from three Federal funds brokers of recognized standing
selected by it. 
 “Fixed Rate Bid Advance” means a Competitive Bid Advance bearing
interest based on a fixed rate per annum as specified in the relevant Notice of Competitive Bid Borrowing. 
 “Floating Rate Bid Advance” means a Competitive Bid Advance bearing interest at a rate of interest quoted as a margin over the LIBO Rate as specified in the relevant Notice of Competitive Bid Borrowing. 
 “Governmental Authority” means the government of the United States of America, any other nation or any
political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government. 
 “Guarantee” means the guarantee agreement dated as
of the Effective Date issued by the Guarantor in favor of the Lenders, substantially in the form of Exhibit E hereto. 
 “Guarantor” means Philip Morris USA Inc., a Virginia corporation. 
 “Home
Jurisdiction Withholding Taxes” means (a) in the case of Altria and a Designated Subsidiary that is a “United States Person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code, withholding for United
States federal income taxes, United States federal back-up withholding taxes and United States withholding taxes and (b) in the case of a Designated Subsidiary, withholding taxes imposed by the jurisdiction under the laws of which such
Designated Subsidiary is organized or any political subdivision thereof. 
 “Interest Period”
means, for each LIBO Rate Advance comprising part of the same Pro Rata Borrowing and each Floating Rate Bid Advance comprising part of the same Competitive Bid Borrowing, the period commencing on the date of such LIBO Rate Advance or Floating Rate
Bid Advance or the date of Conversion of any Base Rate Advance into such LIBO Rate Advance or the last day of the preceding Interest Period applicable to such Advance and ending on the last day of the period selected by the Borrower requesting such
Borrowing pursuant to the provisions below. The duration of each such Interest Period shall be one week, one, two, three or six months, or, if available to all Lenders, nine months, as such Borrower may select upon notice received by JPMCB, as
Administrative Agent, not later than 11:00 A.M. (New York City time) on the third Business Day prior to the first day of such Interest Period; provided, however, that: 
 (a) such Borrower may not select any Interest Period that ends after the Termination Date; 
  

 9 







 (b) whenever the last day of any Interest Period would otherwise occur on a
day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the next
following calendar month, the last day of such Interest Period shall occur on the immediately preceding Business Day; and 
 (c) whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar
month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the
regulations promulgated and the rulings issued thereunder. 
 “JPMCB’s Administrative Agent
Account” means (a) the account of JPMCB, as Administrative Agent, maintained by JPMCB, as Administrative Agent, at JPMorgan Chase Bank, N.A., Loan and Agency, 1111 Fannin Street, Houston, Texas 77002, Account No. 9008113381H0301,
Reference: Altria Group, Inc., Attention: Account Manager, or (b) JPMCB, as Administrative Agent, as is designated in writing from time to time by JPMCB, as Administrative Agent, to Altria and the Lenders for such purpose. 
 “Lenders” means the Initial Lenders and their respective successors and permitted assignees. 
 “Lender Supplement” has the meaning specified in Section 2.10(b). 
 “LIBO Rate” means an interest rate per annum equal to either: 
 (a) the offered rate per annum at which deposits in Dollars appear on Reuters Page LIBOR01 (or any successor page) as of
11:00 A.M. (London time) two Business Days before the first day of such Interest Period, or 
 (b) if the LIBO Rate does not appear on Reuters Page LIBOR01 (or any successor page), then the LIBO Rate will be determined by taking the average (rounded upward to the nearest whole multiple of  1/16 of 1% per annum, if such average is not such a multiple) of
the rates per annum at which deposits in Dollars are offered by the principal office of each of the Reference Banks in London, England to prime banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day
of such Interest Period for an amount substantially equal to the amount that would be the Reference Banks’ respective ratable shares of such Borrowing outstanding during such Interest Period and for a period equal to such Interest Period, as
determined by JPMCB, as Administrative Agent, subject, however, to the provisions of Section 2.08. 
  

 10 







 “LIBO Rate Advance” means a Pro Rata Advance that bears
interest as provided in Section 2.04(a)(ii). 
 “LIBO Rate Interest” has the meaning
specified in Section 2.04(a)(ii). 
 “Lien” has the meaning specified in
Section 5.02(a). 
 “Major Subsidiary” means any Subsidiary (a) more than 50% of the
voting securities of which is owned directly or indirectly by Altria, (b) which is organized and existing under, or has its principal place of business in, the United States or any political subdivision thereof, Canada or any political
subdivision thereof, any country which is a member of the European Union on the date hereof (other than Greece, Portugal or Spain) or any political subdivision thereof, or Switzerland, Norway or Australia or any of their respective political
subdivisions, and (c) which has at any time total assets (after intercompany eliminations) exceeding $1,000,000,000. 
 “Margin Stock” means margin stock, as such term is defined in Regulation U. 
 “Moody’s” means Moody’s Investors Service, Inc., and any successor to its rating agency business. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which
any Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions, such plan being maintained pursuant to one or more
collective bargaining agreements. 
 “Multiple Employer Plan” means a single employer plan, as
defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of any Borrower or any ERISA Affiliate and at least one Person other than such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of
which such Borrower or any ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Note” means a Pro Rata Note or a Competitive Bid Note. 
 “Notice of Competitive Bid Borrowing” has the meaning specified in Section 2.07(b). 
 “Notice of Pro Rata Borrowing” has the meaning specified in Section 2.02(a). 
 “Obligations” has the meaning specified in Section 8.01. 
 “Operating Assets” means, for any accounting period, any assets included in the consolidated balance sheet
of Altria and its Subsidiaries as “Inventories,” or “Property, plant and equipment” or “Receivables” for such period. 
  

 11 







 “Other Taxes” has the meaning specified in
Section 2.15(b). 
 “Patriot Act” has the meaning specified in Section 9.14.

 “Person” means an individual, partnership, corporation (including a business trust), joint
stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof. 
 “Plan” means a Single Employer Plan or a Multiple Employer Plan. 
 “Pro Rata Advance” means an advance by a Lender to any Borrower as part of a Pro Rata Borrowing and refers
to a Base Rate Advance or a LIBO Rate Advance (each of which shall be a “Type” of Pro Rata Advance). 
 “Pro Rata Borrowing” means a borrowing consisting of simultaneous Pro Rata Advances of the same Type made by each of the Lenders pursuant to Section 2.01. 
 “Pro Rata Note” means a promissory note of any Borrower payable to the order of any Lender, delivered
pursuant to a request made under Section 2.18 in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Pro Rata Advances made by such Lender to such Borrower.

 “Reference Banks” means JPMCB, Citibank, Barclays Bank PLC, Credit Suisse Securities (USA)
LLC, Deutsche Bank AG New York Branch and Goldman Sachs Credit Partners L.P. 
 “Register” has
the meaning specified in Section 9.07(d). 
 “Regulation A” means Regulation A of the
Board, as in effect from time to time. 
 “Regulation U” means Regulation U of the Board, as in
effect from time to time. 
 “Required Lenders” means at any time Lenders owed at least 50.1% of
the then aggregate unpaid principal amount of the Pro Rata Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having at least 50.1% of the Commitments. 
 “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that
(a) is maintained for employees of any Borrower or any ERISA Affiliate and no Person other than such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which such Borrower or any ERISA Affiliate could have
liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 
  

 12 







 “Standard & Poor’s” means Standard &
Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and any successor to its ratings agency business. 
 “Subsidiary” of any Person means any corporation or limited liability company of which (or in which) more than 50% of the outstanding equity interests having voting power to elect a
majority of the Board of Directors of such entity (irrespective of whether at the time equity interests of any other class or classes of such entity shall or might have voting power upon the occurrence of any contingency) is at the time directly or
indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. 
 “Taxes” has the meaning specified in Section 2.15. 
 “Termination Date” means the earlier to occur of November 19, 2010 and the date of termination in whole
of the Commitments pursuant to Section 2.10 or Section 6.02. 
 Section 1.02. Computation of Time Periods.
In this Agreement in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but
excluding.” 
 Section 1.03. Accounting Terms. All accounting terms not specifically defined herein shall be
construed in accordance with accounting principles generally accepted in the United States of America, except that if there has been a material change in an accounting principle affecting the definition of an accounting term as compared to that
applied in the preparation of the financial statements of Altria as of and for the year ended December 31, 2008, then such new accounting principle shall not be used in the determination of the amount associated with that accounting term. A
material change in an accounting principle is one that, in the year of its adoption, changes the amount associated with the relevant accounting term for any quarter in such year by more than 10%. 
 ARTICLE II 
 AMOUNTS
AND TERMS OF THE ADVANCES 
 Section 2.01. The Pro Rata Advances. (a) Obligation to Make Pro Rata
Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Pro Rata Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an
aggregate amount not to exceed at any time outstanding such Lender’s Commitment; provided, however, that the aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate
amount of the Competitive Bid Advances then outstanding and such deemed use of the aggregate amount of the Commitments shall be allocated among the Lenders ratably according to their respective Commitments (such deemed use of the aggregate amount of
the Commitments being a “Competitive Bid Reduction”). 
  

 13 







 (b) Amount of Pro Rata Borrowings. Each Pro Rata Borrowing shall be
in an aggregate amount of no less than $50,000,000 or an integral multiple of $1,000,000 in excess thereof. 
 (c) Type of Pro Rata Advances. Each Pro Rata Borrowing shall consist of Pro Rata Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s
Commitment and subject to this Section 2.01, any Borrower may borrow under this Section 2.01, prepay pursuant to Section 2.11 or repay pursuant to Section 2.03 and reborrow under this Section 2.01. 
 Section 2.02. Making the Pro Rata Advances. (a) Notice of Pro Rata Borrowing. Each Pro Rata Borrowing shall be made
on notice, given not later than (x) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Pro Rata Borrowing in the case of a Pro Rata Borrowing consisting of LIBO Rate Advances, or (y) 9:00 A.M. (New
York City time) on the date of the proposed Pro Rata Borrowing in the case of a Pro Rata Borrowing consisting of Base Rate Advances, by the Borrower to JPMCB, as Administrative Agent, which shall give to each Lender prompt notice thereof by
telecopier. Each such notice of a Pro Rata Borrowing (a “Notice of Pro Rata Borrowing”) shall be by telephone, confirmed immediately in writing, by registered mail or telecopier in substantially the form of Exhibit B-1 hereto,
specifying therein the requested: 
 (i) date of such Pro Rata Borrowing, 
 (ii) Type of Advances comprising such Pro Rata Borrowing, 
 (iii) aggregate amount of such Pro Rata Borrowing, and 
 (iv) in the case of a Pro Rata Borrowing consisting of LIBO Rate Advances, the initial Interest Period for each such Pro Rata
Advance. Notwithstanding anything herein to the contrary, no Borrower may select LIBO Rate Advances for any Pro Rata Borrowing if the obligation of the Lenders to make LIBO Rate Advances shall then be suspended pursuant to Section 2.08(c) or
2.13. 
 (b) Funding Pro Rata Advances. Each Lender shall, before 11:00 A.M. (New York City time) on the
date of such Pro Rata Borrowing, make available for the account of its Applicable Lending Office to JPMCB, as Administrative Agent, at JPMCB’s Administrative Agent Account, in same day funds, such Lender’s ratable portion of such Pro Rata
Borrowing. After receipt of such funds by JPMCB, as Administrative Agent, and upon fulfillment of the applicable conditions set forth in Article III, JPMCB, as Administrative Agent, will make such funds available to the relevant Borrower at the
address of JPMCB, as Administrative Agent, referred to in Section 9.02. 
  

 14 







 (c) Irrevocable Notice. Each Notice of Pro Rata Borrowing of any
Borrower shall be irrevocable and binding on such Borrower. In the case of any Pro Rata Borrowing that the related Notice of Pro Rata Borrowing specifies is to be comprised of LIBO Rate Advances, the Borrower requesting such Pro Rata Borrowing shall
indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Pro Rata Borrowing for such Pro Rata Borrowing the applicable conditions set
forth in Article III, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Pro Rata
Advance to be made by such Lender as part of such Pro Rata Borrowing when such Pro Rata Advance, as a result of such failure, is not made on such date. 
 (d) Lender’s Ratable Portion. Unless JPMCB, as Administrative Agent, shall have received notice from a Lender prior to 11:00 A.M. (New York City time) on the day of any Pro Rata Borrowing that
such Lender will not make available to JPMCB, as Administrative Agent, such Lender’s ratable portion of such Pro Rata Borrowing, JPMCB, as Administrative Agent, may assume that such Lender has made such portion available to JPMCB, as
Administrative Agent, on the date of such Pro Rata Borrowing in accordance with Section 2.02(b) and JPMCB, as Administrative Agent, may, in reliance upon such assumption, make available to the Borrower proposing such Pro Rata Borrowing on such
date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to JPMCB, as Administrative Agent, such Lender and such Borrower severally agree to repay to JPMCB, as Administrative Agent,
forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to JPMCB, as Administrative Agent, at: 
 (i) in the case of such Borrower, the higher of (A) the interest rate applicable at the time to Pro Rata Advances
comprising such Pro Rata Borrowing and (B) the cost of funds incurred by JPMCB, as Administrative Agent, in respect of such amount, and 
 (ii) in the case of such Lender, the Federal Funds Effective Rate. 
 If such Lender shall repay to
JPMCB, as Administrative Agent, such corresponding amount, such amount so repaid shall constitute such Lender’s Pro Rata Advance as part of such Pro Rata Borrowing for purposes of this Agreement. 
 (e) Independent Lender Obligations. The failure of any Lender to make the Pro Rata Advance to be made by it as part of
any Pro Rata Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Pro Rata Advance on the date of such Pro Rata Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the
Pro Rata Advance to be made by such other Lender on the date of any Pro Rata Borrowing. 
  

 15 







 Section 2.03. Repayment of Pro Rata Advances. Each Borrower shall repay to
JPMCB, as Administrative Agent, for the ratable account of the Lenders on the Termination Date the unpaid principal amount of the Pro Rata Advances then outstanding. 
 Section 2.04. Interest on Pro Rata Advances. (a) Scheduled Interest. Each Borrower shall pay interest on the unpaid principal amount of each Pro Rata Advance owing by such Borrower
to each Lender from the date of such Pro Rata Advance until such principal amount shall be paid in full, at the following rates per annum: 
 (i) Base Rate Advances. During such periods as such Pro Rata Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time
plus (y) the Applicable Interest Rate Margin (the sum of (x) and (y), the “Base Rate Interest”) payable in arrears monthly on the 20th day of each month and on the date such Base Rate Advance shall be Converted or paid in
full. 
 (ii) LIBO Rate Advances. During such periods as such Pro Rata Advance is a LIBO Rate Advance, a
rate per annum equal at all times during each Interest Period for such Pro Rata Advance to the sum of (x) the LIBO Rate for such Interest Period for such Pro Rata Advance plus (y) the Applicable Interest Rate Margin (the sum of
(x) and (y), the “LIBO Rate Interest”), payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every
three months from the first day of such Interest Period, and on the date such LIBO Rate Advance shall be Converted or paid in full. 
 (b) Default Interest. Upon the occurrence and during the continuance of an Event of Default, each Borrower shall pay interest on the unpaid principal amount of each Pro Rata Advance owing to each
Lender, payable in arrears on the dates referred to in Section 2.04(a)(i) or Section 2.04(a)(ii), at a rate per annum equal at all times to 1% per annum above the rate per annum required to be paid on such Pro Rata Advance.

 Section 2.05. Additional Interest on LIBO Rate Advances. Each Borrower shall pay to each Lender, so long as such
Lender shall be required under regulations of the Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each LIBO Rate Advance of
such Lender to such Borrower, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the LIBO Rate for the Interest Period for
such Advance from (ii) the rate obtained by dividing such LIBO Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such
Advance. Such additional interest shall be determined by such Lender and notified to Altria through JPMCB, as Administrative Agent. 
  

 16 







 Section 2.06. Conversion of Pro Rata Advances. (a) Conversion Upon
Absence of Interest Period. If any Borrower shall fail to select the duration of any Interest Period for any LIBO Rate Advances in accordance with the provisions contained in the definition of the term “Interest Period,” JPMCB, as
Administrative Agent, will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Advances. 
 (b) Conversion Upon Event of Default. Upon the occurrence and during the continuance of any Event of Default under
Section 6.01(a), JPMCB, as Administrative Agent, or the Required Lenders may elect that (i) each LIBO Rate Advance be, on the last day of the then existing Interest Period therefor, Converted into Base Rate Advances and (ii) the
obligation of the Lenders to make, or to Convert Advances into, LIBO Rate Advances be suspended. 
 (c)
Voluntary Conversion. Subject to the provisions of Sections 2.08(c) and 2.13, any Borrower may convert all such Borrower’s Pro Rata Advances of one Type constituting the same Pro Rata Borrowing into Advances of the other Type on any
Business Day, upon notice given to JPMCB, as Administrative Agent, not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion; provided, however, that the Conversion of a LIBO
Rate Advance into a Base Rate Advance may be made on, and only on, the last day of an Interest Period for such LIBO Rate Advance. Each such notice of a Conversion shall, within the restrictions specified above, specify 
 (i) the date of such Conversion; 
 (ii) the Pro Rata Advances to be Converted; and 
 (iii) if such Conversion is into LIBO Rate Advances, the duration of the Interest Period for each such Pro Rata Advance.

 Section 2.07. The Competitive Bid Advances. (a) Competitive Bid Advances’ Impact on Commitments.
Each Lender severally agrees that any Borrower may make Competitive Bid Borrowings under this Section 2.07 from time to time on any Business Day during the period from the Effective Date until the Termination Date in the manner set forth below;
provided that, following the making of each Competitive Bid Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders. As provided in Section 2.01, the
aggregate amount of the Commitments of the Lenders shall be deemed used from time to time to the extent of the aggregate amount of the Competitive Bid Advances then outstanding, and such deemed use of the aggregate amount of the Commitments shall be
applied to the Lenders ratably according to their respective Commitments; provided, however, that any Lender’s Competitive Bid Advances shall not otherwise reduce that Lender’s obligation to lend its pro rata share of the
remaining available Commitments. 
  

 17 







 (b) Notice of Competitive Bid Borrowing. Any Borrower may request a
Competitive Bid Borrowing under this Section 2.07 by delivering to JPMCB, as Administrative Agent, by telecopier, a notice of a Competitive Bid Borrowing (a “Notice of Competitive Bid Borrowing”), in substantially the form of
Exhibit B-2 hereto, specifying therein the following: 
 (i) date of such proposed Competitive Bid Borrowing;

 (ii) aggregate amount of such proposed Competitive Bid Borrowing; 
 (iii) interest rate basis and day count convention to be offered by the Lenders; 
 (iv) in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Advances, Interest Period, or in the case of
a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances, maturity date for repayment of each Fixed Rate Bid Advance to be made as part of such Competitive Bid Borrowing (which maturity date may not be earlier than the date occurring seven
days after the date of such Competitive Bid Borrowing or later than the earlier of (A) 360 days after the date of such Competitive Bid Borrowing and (B) the Termination Date); 
 (v) interest payment date or dates relating thereto; 
 (vi) location of such Borrower’s account to which funds are to be advanced; and 
 (vii) other terms (if any) to be applicable to such Competitive Bid Borrowing. 
 A Borrower requesting a Competitive Bid Borrowing shall deliver a Notice of Competitive Bid Borrowing to JPMCB, as Administrative Agent, not later than
10:00 A.M. (New York City time) (x) at least two Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be
Fixed Rate Bid Advances, or (y) at least four Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be
Floating Rate Bid Advances. Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on such Borrower. JPMCB, as Administrative Agent, shall in turn promptly notify each Lender of each request for a Competitive Bid Borrowing
received by it from such Borrower by sending such Lender a copy of the related Notice of Competitive Bid Borrowing. 
 (c) Discretion as to Competitive Bid Advances. Each Lender may, in its sole discretion, elect to irrevocably offer to make one or more Competitive Bid Advances to the applicable Borrower as part of such proposed Competitive Bid
Borrowing at a rate or rates of interest specified by such Lender in its sole discretion, by notifying JPMCB, as

  

 18 







 
Administrative Agent (which shall give prompt notice thereof to such Borrower), before 9:30 A.M. (New York City time) (A) on the Business Day prior to the date of such proposed Competitive
Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances, and (B) on the third Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing
consisting of Floating Rate Bid Advances; provided that, if JPMCB in its capacity as a Lender shall, in its sole discretion, elect to make any such offer, it shall notify such Borrower of such offer at least 30 minutes before the time and on
the date on which notice of such election is to be given by any other Lender to JPMCB, as Administrative Agent. In such notice, the Lender shall specify the following: 
 (i) the minimum amount and maximum amount of each Competitive Bid Advance which such Lender would be willing to make as part
of such proposed Competitive Bid Borrowing (which amounts may, subject to the proviso to the first sentence of Section 2.07(a), exceed such Lender’s Commitment); 
 (ii) the rate or rates of interest therefor; and 
 (iii) such Lender’s Applicable Lending Office with respect to such Competitive Bid Advance. 
 If any Lender shall elect not to make such an offer, such Lender shall so notify JPMCB, as Administrative Agent, before 9:30 A.M. (New York City time) on
the date on which notice of such election is to be given to JPMCB, as Administrative Agent, by the other Lenders, and such Lender shall not be obligated to, and shall not, make any Competitive Bid Advance as part of such Competitive Bid Borrowing;
provided further that the failure by any Lender to give such notice shall not cause such Lender to be obligated to make any Competitive Bid Advance as part of such proposed Competitive Bid Borrowing. 
 (d) Borrower Selection of Lender Bids. The Borrower proposing the Competitive Bid Borrowing shall, in turn,
(A) before 12:00 noon (New York City time) on the Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Bid Advances and (B) before 12:00 noon (New
York City time) on the third Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Advances, either: 
 (i) cancel such Competitive Bid Borrowing by giving JPMCB, as Administrative Agent, notice to that effect, or 
 (ii) accept, in its sole discretion, one or more of the offers made by any Lender or Lenders pursuant to
Section 2.07(c), by giving notice to JPMCB, as Administrative Agent, of the amount of each Competitive Bid Advance (which amount shall be equal to or greater than the minimum amount, and equal to or less than the maximum amount, notified to
such Borrower by JPMCB, as

  

 19 







 
Administrative Agent on behalf of such Lender, for such Competitive Bid Advance pursuant to Section 2.07(c) to be made by each Lender as part of such Competitive Bid Borrowing) and reject
any remaining offers made by Lenders pursuant to Section 2.07(c) by giving JPMCB, as Administrative Agent, notice to that effect. Such Borrower shall accept the offers made by any Lender or Lenders to make Competitive Bid Advances in order of
the lowest to the highest rates of interest offered by such Lenders. If two or more Lenders have offered the same interest rate, the amount to be borrowed at such interest rate will be allocated among such Lenders in proportion to the maximum amount
that each such Lender offered at such interest rate. 
 If the Borrower proposing the Competitive Bid Borrowing notifies JPMCB, as
Administrative Agent, that such Competitive Bid Borrowing is canceled pursuant to Section 2.07(d)(i), or if such Borrower fails to give timely notice in accordance with Section 2.07(d), JPMCB, as Administrative Agent, shall give prompt
notice thereof to the Lenders and such Competitive Bid Borrowing shall not be made. 
 (e) Competitive Bid
Borrowing. If the Borrower proposing the Competitive Bid Borrowing accepts one or more of the offers made by any Lender or Lenders pursuant to Section 2.07(d)(ii), JPMCB, as Administrative Agent, shall in turn promptly notify: 

(i) each Lender that has made an offer as described in Section 2.07(c), whether or not any offer or offers made by
such Lender pursuant to Section 2.07(c) have been accepted by such Borrower; 
 (ii) each Lender that is to
make a Competitive Bid Advance as part of such Competitive Bid Borrowing, of the date and amount of each Competitive Bid Advance to be made by such Lender as part of such Competitive Bid Borrowing; and 
 (iii) each Lender that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing, upon receipt, that
JPMCB, as Administrative Agent, has received forms of documents appearing to fulfill the applicable conditions set forth in Article III. 
 When
each Lender that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing has received notice pursuant to Section 2.07(e)(iii), such Lender shall, before 11:00 A.M. (New York City time), on the date of such Competitive Bid
Borrowing specified in the notice received from JPMCB, as Administrative Agent, pursuant to Section 2.07(e)(i), make available for the account of its Applicable Lending Office to JPMCB, as Administrative Agent, at its address referred to in
Section 9.02, in same day funds, such Lender’s portion of such Competitive Bid Borrowing. Upon fulfillment of the applicable conditions set forth in Article III and after receipt by JPMCB, as Administrative Agent, of such funds, JPMCB, as
Administrative Agent, will make such funds available to such Borrower at the location specified by such

  

 20 







 
Borrower in its Notice of Competitive Bid Borrowing. Promptly after each Competitive Bid Borrowing, JPMCB, as Administrative Agent, will notify each Lender of the amount of the Competitive Bid
Borrowing, the consequent Competitive Bid Reduction and the dates upon which such Competitive Bid Reduction commenced and will terminate. 
 (f) Irrevocable Notice. If the Borrower proposing the Competitive Bid Borrowing notifies JPMCB, as Administrative Agent, that it accepts one or more of the offers made by any Lender or Lenders
pursuant to Section 2.07(c), such notice of acceptance shall be irrevocable and binding on such Borrower. Such Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill
on or before the date specified in the related Notice of Competitive Bid Borrowing for such Competitive Bid Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (excluding loss of anticipated
profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Competitive Bid Advance to be made by such Lender as part of such Competitive Bid Borrowing when such
Competitive Bid Advance, as a result of such failure, is not made on such date. 
 (g) Amount of Competitive
Bid Borrowings; Competitive Bid Notes. Each Competitive Bid Borrowing shall be in an aggregate amount of $50,000,000 or an integral multiple of $1,000,000 in excess thereof and, following the making of each Competitive Bid Borrowing, the
aggregate amount of Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders. Within the limits and on the conditions set forth in this Section 2.07, any Borrower may from time to time borrow under this
Section 2.07, prepay pursuant to Section 2.11 or repay pursuant to Section 2.07(h), and reborrow under this Section 2.07; provided that a Competitive Bid Borrowing shall not be made within two Business Days of the date of
any other Competitive Bid Borrowing. The indebtedness of any Borrower resulting from each Competitive Bid Advance made to such Borrower as part of a Competitive Bid Borrowing shall be evidenced by a separate Competitive Bid Note of such Borrower
payable to the order of the Lender making such Competitive Bid Advance. 
 (h) Repayment of Competitive Bid
Advances. On the maturity date of each Competitive Bid Advance provided in the Competitive Bid Note evidencing such Competitive Bid Advance, the Borrower shall repay to JPMCB, as Administrative Agent, for the account of each Lender that has made
a Competitive Bid Advance the then unpaid principal amount of such Competitive Bid Advance. Except as required by Section 2.11(b), no Borrower shall have any right to prepay any principal amount of any Competitive Bid Advance unless, and then
only on the terms set forth in the Competitive Bid Note evidencing such Competitive Bid Advance. 
 (i)
Interest on Competitive Bid Advances. Each Borrower that has borrowed through a Competitive Bid Borrowing shall pay interest on the unpaid principal amount of each Competitive Bid Advance from the date of such Competitive Bid Advance to the

  

 21 







 
date the principal amount of such Competitive Bid Advance is repaid in full, at the rate of interest for such Competitive Bid Advance and on the interest payment date or dates set forth in the
Competitive Bid Note evidencing such Competitive Bid Advance. Upon the occurrence and during the continuance of an Event of Default, such Borrower shall pay interest on the amount of unpaid principal of each Competitive Bid Advance owing to a
Lender, payable in arrears on the date or dates interest is payable thereon, at a rate per annum equal at all times to 1% per annum above the rate per annum required to be paid on such Competitive Bid Advance under the terms of the Competitive
Bid Note evidencing such Competitive Bid Advance unless otherwise agreed in such Competitive Bid Note. 
 Section 2.08.
LIBO Rate Determination. (a) Methods to Determine LIBO Rate. JPMCB, as Administrative Agent, shall determine the LIBO Rate by using the methods described in the definition of the term “LIBO Rate,” and shall give prompt
notice to the Borrower and Lenders of each such LIBO Rate. 
 (b) Role of Reference Banks. In the event
that the LIBO Rate cannot be determined by the method described in clause (a) of the definition of “LIBO Rate,” each Reference Bank agrees to furnish to JPMCB, as Administrative Agent, timely information for the purpose of determining
the LIBO Rate in accordance with the method described in clause (b) of the definition thereof. If any one or more of the Reference Banks shall not furnish such timely information to JPMCB, as Administrative Agent, for the purpose of determining
a LIBO Rate, JPMCB, as Administrative Agent, shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks. If fewer than two Reference Banks furnish timely information to JPMCB, as Administrative
Agent, for determining the LIBO Rate for any LIBO Rate Advances or Floating Rate Bid Advances, as the case may be, then: 
 (i) JPMCB, as Administrative Agent, shall forthwith notify Altria and the Lenders that the interest rate cannot be determined for such LIBO Rate Advance or Floating Rate Bid Advances, as the case may be;

 (ii) with respect to each LIBO Rate Advance, such Advance will, on the last day of the then existing Interest
Period therefor, be prepaid by the Borrower or be automatically Converted into a Base Rate Advance; and 
 (iii)
the obligation of the Lenders to make LIBO Rate Advances or Floating Rate Bid Advances or to Convert Base Rate Advances into LIBO Rate Advances shall be suspended until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the
circumstances causing such suspension no longer exist. 
 JPMCB, as Administrative Agent, shall give prompt notice to Altria and the Lenders of
the applicable interest rate determined by JPMCB, as Administrative Agent, for purposes of Section

  

 22 







 
2.04(a)(i) or (ii), and the rate, if any, furnished by each Reference Bank for the purpose of determining the interest rate under Section 2.04(a)(ii) or the applicable LIBO Rate. 

(c) Inadequate LIBO Rate. If, with respect to any LIBO Rate Advances, the Required Lenders notify JPMCB, as
Administrative Agent, that (i) they are unable to obtain matching deposits in the London interbank market at or about 11:00 A.M. (London time) on the second Business Day before the making of a Borrowing in sufficient amounts to fund their
respective LIBO Rate Advances as a part of such Borrowing during the Interest Period therefor or (ii) the LIBO Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or
maintaining their respective LIBO Rate Advances for such Interest Period, JPMCB, as Administrative Agent, shall forthwith so notify Altria and the Lenders, whereupon (A) the Borrower of such LIBO Rate Advances will, on the last day of the then
existing Interest Period therefor, either (x) prepay such Advances or (y) Convert such Advances into Base Rate Advances and (B) the obligation of the Lenders to make, or to Convert Base Rate Advances into, LIBO Rate Advances shall be
suspended until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the circumstances causing such suspension no longer exist. In the case of clause (ii) above, each Lender shall certify its cost of funds for each Interest
Period to JPMCB, as Administrative Agent, and Altria as soon as practicable (but in any event not later than 10 Business Days after the last day of such Interest Period). 
 Section 2.09. Fees. (a) Commitment Fee. Altria agrees to pay to JPMCB, as Administrative Agent, for the account of each Lender a commitment fee on the aggregate undrawn amount of
such Lender’s Commitment from the date hereof in the case of each Initial Lender and from the effective date specified in the Assignment and Acceptance pursuant to which it became a Lender in the case of each other Lender until the Termination
Date at the Applicable Commitment Fee Rate, in each case payable on the last day of each March, June, September and December until the Termination Date and on the Termination Date. 
 (b) Agent’s Fees. Altria shall pay to JPMCB, as Administrative Agent, for its own account such fees as may from
time to time be agreed between Altria and such Agent. 
 Section 2.10. Termination or Reduction of the Commitments.
Altria shall have the right, upon at least three Business Days’ notice to JPMCB, as Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided that
each partial reduction shall be in the aggregate amount of no less than $50,000,000 or the remaining balance if less than $50,000,000; and provided further that the aggregate amount of the Commitments of the Lenders shall not be
reduced to an amount that is less than the aggregate principal amount of the Competitive Bid Advances then outstanding. 
 Section 2.11. Prepayments. (a) Optional Prepayment of Pro Rata Advances. Each Borrower may, in the case of any LIBO Rate Advance, upon at least three Business Days’ notice to JPMCB, as Administrative Agent, or,
in the case of any Base Rate Advance, upon

  

 23 







 
notice given to JPMCB, as Administrative Agent, not later than 9:00 A.M. (New York City time) on the date of the proposed prepayment, in each case stating the proposed date and aggregate
principal amount of the prepayment, and if such notice is given such Borrower shall, prepay the outstanding principal amount of the Pro Rata Advances comprising part of the same Pro Rata Borrowing in whole or ratably in part, together with accrued
interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of no less than $50,000,000 or the remaining balance if less
than $50,000,000 and (y) in the event of any such prepayment of a LIBO Rate Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b). 
 (b) Mandatory Prepayment. The Borrower shall, on each Business Day, prepay an aggregate principal amount of the
Advances equal to the amount by which (A) the aggregate principal amount of the Advances then outstanding exceeds (B) the aggregate of the Commitments (after giving effect to any Competitive Bid Reduction) on such Business Day. Prepayments
under this Section 2.11(b) shall be allocated first to Base Rate Advances, ratably; any excess amount shall then be allocated to LIBO Rate Advances, in such manner as the Borrower shall determine; and any remaining amount shall be allocated to
Competitive Bid Advances, in such manner as the Borrower shall determine. 
 Each prepayment made pursuant to this
Section 2.11(b) shall be made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a LIBO Rate Advance or a Floating Rate Bid Advance on a date other than the
last day of an Interest Period or at its maturity, any additional amounts which such Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 9.04(b). JPMCB, as Administrative Agent, shall give prompt
notice of any prepayment required under this Section 2.11(b) to the Borrowers and the Lenders. 
 Section 2.12.
Increased Costs. (a) Costs from Change in Law or Authorities. If, due to either (i) the introduction of or any change (other than any change by way of imposition or increase of reserve requirements to the extent such change
is included in the Eurodollar Rate Reserve Percentage) in or in the interpretation of any law or regulation or (ii) the compliance with any guideline or request from any central bank or other governmental authority (whether or not having the
force of law), there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining LIBO Rate Advances or Floating Rate Bid Advances (excluding for purposes of this Section 2.12 any such increased costs
resulting from (i) Taxes or Other Taxes (as to which Section 2.15 shall govern) and (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state under
the laws of which such Lender is organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrower of the affected Advances shall from time to time, upon demand by such Lender (with a copy of such demand to
JPMCB, as Administrative Agent), pay to JPMCB, as Administrative Agent, for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided, however, that before making any such
demand, each Lender agrees to use reasonable efforts (consistent with

  

 24 







 
its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would avoid the need for, or reduce the amount
of, such increased cost and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. A certificate as to the amount of such increased cost, submitted to Altria, such Borrower and JPMCB, as Administrative
Agent, by such Lender, shall be conclusive and binding for all purposes, absent manifest error. 
 (b)
Reduction in Lender’s Rate of Return. In the event that, after the date hereof, the implementation of or any change in any law or regulation, or any guideline or directive (whether or not having the force of law) or the interpretation or
administration thereof by any central bank or other authority charged with the administration thereof, imposes, modifies or deems applicable any capital adequacy or similar requirement (including, without limitation, a request or requirement which
affects the manner in which any Lender allocates capital resources to its commitments, including its obligations hereunder) and as a result thereof, in the sole opinion of such Lender, the rate of return on such Lender’s capital as a
consequence of its obligations hereunder is reduced to a level below that which such Lender could have achieved but for such circumstances, but reduced to the extent that Borrowings are outstanding from time to time, then in each such case, upon
demand from time to time Altria shall pay to such Lender such additional amount or amounts as shall compensate such Lender for such reduction in rate of return; provided that, in the case of each Lender, such additional amount or amounts
shall not exceed 0.15 of 1% per annum of such Lender’s Commitment. A certificate of such Lender as to any such additional amount or amounts shall be conclusive and binding for all purposes, absent manifest error. Except as provided below,
in determining any such amount or amounts each Lender may use any reasonable averaging and attribution methods. Notwithstanding the foregoing, each Lender shall take all reasonable actions to avoid the imposition of, or reduce the amounts of, such
increased costs, provided that such actions, in the reasonable judgment of such Lender, will not be otherwise disadvantageous to such Lender, and, to the extent possible, each Lender will calculate such increased costs based upon the capital
requirements for its Commitment hereunder and not upon the average or general capital requirements imposed upon such Lender. 
 Section 2.13. Illegality. (a) Notwithstanding any other provision of this Agreement, if any Lender shall notify JPMCB, as Administrative Agent, that the introduction of or any change in, or in the interpretation of, any law
or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for any Lender or its Eurodollar Lending Office to perform its obligations hereunder to make LIBO Rate Advances or Floating Rate Bid
Advances or to fund or maintain LIBO Rate Advances or Floating Rate Bid Advances, (a) each LIBO Rate Advance or Floating Rate Bid Advances, as the case may be, will automatically, upon such demand, be Converted into a Base Rate Advance or an
Advance that bears interest at the rate set forth in Section 2.04(a)(i), as the case may be, and (b) the obligation of the Lenders to make LIBO Rate Advances or Floating Rate Bid Advances or to Convert Base Rate Advances into LIBO Rate
Advances shall be suspended, in each case, until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the circumstances causing such

  

 25 







 
suspension no longer exist; provided, however, that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and
regulatory restrictions) to designate a different Eurodollar Lending Office if the making of such a designation would allow such Lender or its Eurodollar Lending Office to continue to perform its obligations to make LIBO Rate Advances or Floating
Rate Bid Advances or to continue to fund or maintain LIBO Rate Advances or Floating Rate Bid Advances, as the case may be, and would not, in the judgment of such Lender, be otherwise disadvantageous to such Lender. 
 (b) Notwithstanding any other provision of this Agreement, if any Lender notifies Altria and JPMCB, as Administrative Agent,
that it is unlawful for such Lender or its Applicable Lending Office to make Advances to a Designated Subsidiary organized outside the United States due to the jurisdiction of organization of such Designated Subsidiary, then, in each case,
(i) the obligation of such Lender to make such Advances shall be suspended until JPMCB, as Administrative Agent, shall notify Altria and the Lenders that the circumstances causing such suspension no longer exist and (ii) the relevant
aggregate Commitments shall be temporarily reduced by the amount of such Lender’s share of the Commitments affected by such illegality for the duration of the suspension with respect to such Advances; provided, however, that each
Lender agrees to (x) use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would allow such Lender or its
Applicable Lending Office to continue to perform its obligations to make Advances and would not, in the judgment of such Lender, be otherwise disadvantageous to such Lender and (y) to make Advances to a different Borrower designated by Altria
if the making of such designation would allow such Lender to continue to perform its obligations to make Advances. 
 Section 2.14. Payments and Computations. (a) Time and Distribution of Payments. Altria and each Borrower shall make each payment hereunder, without set-off or counterclaim, not later than 11:00 A.M. (New York City
time) on the day when due to JPMCB, as Administrative Agent, at JPMCB’s Administrative Agent Account in same day funds. JPMCB, as Administrative Agent, will promptly thereafter cause to be distributed like funds relating to the payment of
principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.07, 2.12, 2.15 or 9.04(b)) to the Lenders for the account of their respective Applicable Lending Offices, and like funds relating to the payment
of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. From and after the effective date of an Assignment and Acceptance
pursuant to Section 9.07, JPMCB, as Administrative Agent, shall make all payments hereunder in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all
appropriate adjustments in such payments for periods prior to such effective date directly between themselves. 
 (b) Computation of Interest and Fees. All computations of interest on Base Rate Advances shall be made by JPMCB, as Administrative Agent, on the basis of a year of 365 or 366 days, as the case may be. All computations of interest on
LIBO Rate

  

 26 







 
Advances and of commitment fees shall be made by JPMCB, as Administrative Agent and all computations of interest pursuant to Section 2.05 shall be made by a Lender, on the basis of a year of
360 days, and all computations of interest in respect of Competitive Bid Advances shall be made by JPMCB, as Administrative Agent, as specified in the applicable Notice of Competitive Bid Notice, in each case for the actual number of days (including
the first day but excluding the last day) occurring in the period for which such interest or commitment fees are payable. Each determination by JPMCB, as Administrative Agent (or, in the case of Section 2.05 by a Lender), of an interest rate
hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (c) Payment Due
Dates. Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of
payment of interest or commitment fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following
calendar month, such payment shall be made on the immediately preceding Business Day. 
 (d) Presumption of
Borrower Payment. Unless JPMCB, as Administrative Agent, receives notice from any Borrower prior to the date on which any payment is due to the Lenders hereunder that such Borrower will not make such payment in full, JPMCB, as Administrative
Agent, may assume that such Borrower has made such payment in full to JPMCB, as Administrative Agent, on such date and JPMCB, as Administrative Agent, may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an
amount equal to the amount then due such Lender. If and to the extent such Borrower has not made such payment in full to JPMCB, as Administrative Agent, each Lender shall repay to JPMCB, as Administrative Agent, forthwith on demand such amount
distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to JPMCB, as Administrative Agent, at the Federal Funds Effective Rate.

 Section 2.15. Taxes. (a) Any and all payments by Altria and each Borrower hereunder shall be made, in
accordance with Section 2.14, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding, (i) in the
case of each Lender and JPMCB, as Administrative Agent, taxes imposed on its net income, and franchise taxes imposed on it, by the jurisdiction under the laws of which such Lender or JPMCB, as Administrative Agent (as the case may be), is organized
or any political subdivision thereof, (ii) in the case of each Lender, taxes imposed on its net income, and franchise taxes imposed on it, by the jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof,
(iii) in the case of each Lender and JPMCB, as Administrative Agent, taxes imposed on its net income, franchise taxes imposed on it, and any tax imposed by means of withholding to the extent such tax is imposed solely as a result of a present
or former connection (other than the execution, delivery and performance of this Agreement or a Note) between the Lender or

  

 27 







 
JPMCB, as Administrative Agent, as the case may be, and the taxing jurisdiction, and (iv) in the case of each Lender and JPMCB, as Administrative Agent, taxes imposed by the United States by
means of withholding tax if and to the extent that such taxes shall be in effect and shall be applicable on the date hereof to payments to be made to such Lender’s Applicable Lending Office or to JPMCB, as Administrative Agent (all such
non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect of payments hereunder being hereinafter referred to as “Taxes”). If any Borrower or Altria shall be required by law to deduct any
Taxes from or in respect of any sum payable hereunder to any Lender or JPMCB, as Administrative Agent, (i) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section 2.15) such Lender or JPMCB, as Administrative Agent (as the case may be), receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Borrower or Altria
shall make such deductions and (iii) such Borrower shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 
 (b) In addition, each Borrower or Altria shall pay any present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies that arise from any payment made hereunder or from the execution, delivery or registration of, performing under, or otherwise with respect to, this Agreement (hereinafter referred to as “Other
Taxes”). 
 (c) Each Borrower and Altria shall indemnify each Lender and JPMCB, as Administrative Agent,
for and hold it harmless against the full amount of Taxes or Other Taxes (including, without limitation, Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 2.15) paid by such Lender or JPMCB, as
Administrative Agent (as the case may be), and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. This indemnification
shall be made within 30 days from the date such Lender or JPMCB, as Administrative Agent (as the case may be), makes written demand therefor. 
 (d) Within 30 days after the date of any payment of Taxes, each Borrower and Altria shall furnish to JPMCB, as Administrative Agent, at its address referred to in Section 9.02, the original or a
certified copy of a receipt evidencing such payment. If any Borrower or Altria determines that no Taxes are payable in respect thereof, such Borrower or Altria shall, at the request of JPMCB, as Administrative Agent, furnish or cause the payor to
furnish, JPMCB, as Administrative Agent, and each Lender an opinion of counsel reasonably acceptable to JPMCB, as Administrative Agent, stating that such payment is exempt from Taxes. 
 (e) Each Lender, on or prior to the date of its execution and delivery of this Agreement in the case of each Initial Lender
and on the date of the Assignment and Acceptance pursuant to which it becomes a Lender in the case of each other Lender, shall provide each of JPMCB, as Administrative Agent, Altria and such Borrower with any

  

 28 







 
form or certificate that is required by any taxing authority (including, if applicable, two original Internal Revenue Service Forms W-9, W-8BEN or W-8ECI, as appropriate, or any successor or
other form prescribed by the Internal Revenue Service), certifying that such Lender is exempt from or entitled to a reduced rate of Home Jurisdiction Withholding Taxes on payments pursuant to this Agreement. Thereafter, each such Lender shall
provide additional forms or certificates (i) to the extent a form or certificate previously provided has become inaccurate or invalid or has otherwise ceased to be effective or (ii) as requested in writing by any Borrower, Altria or JPMCB,
as Administrative Agent. Unless the Borrowers, Altria and JPMCB, as Administrative Agent, have received forms or other documents satisfactory to them indicating that payments hereunder are not subject to Home Jurisdiction Withholding Taxes or are
subject to Home Jurisdiction Withholding Taxes at a rate reduced by an applicable tax treaty, such Borrower, Altria or JPMCB, as Administrative Agent, shall withhold taxes from such payments at the applicable statutory rate in the case of payments
to or for any Lender. 
 (f) Any Lender claiming any additional amounts payable pursuant to this
Section 2.15 agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to select or change the jurisdiction of its Applicable Lending Office if the making of such a selection or change would
avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise economically disadvantageous to such Lender. 
 (g) No additional amounts will be payable pursuant to this Section 2.15 with respect to (i) any Home Jurisdiction
Withholding Taxes that would not have been payable had the Lender provided the relevant forms or other documents pursuant to Section 2.15(e); or (ii) in the case of an Assignment and Acceptance by a Lender to an Eligible Assignee, any Home
Jurisdiction Withholding Taxes that exceed the amount of such Home Jurisdiction Withholding Taxes that are imposed prior to such Assignment and Acceptance, unless such Assignment and Acceptance resulted from the demand of Altria. 
 (h) If any Lender or JPMCB, as Administrative Agent, as the case may be, obtains a refund of any Tax for which payment has
been made pursuant to this Section 2.15, which refund in the good faith judgment of such Lender or JPMCB, as Administrative Agent, as the case may be, (and without any obligation to disclose its tax records) is allocable to such payment made
under this Section 2.15, the amount of such refund (together with any interest received thereon and reduced by reasonable costs incurred in obtaining such refund) promptly shall be paid to the Borrower to the extent payment has been made in
full by the Borrower pursuant to this Section 2.15. 
 Section 2.16. Sharing of Payments, Etc. If any Lender
shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the Pro Rata Advances owing to it (other than pursuant to Section 2.12, 2.15 or

  

 29 







 
9.04(b)) in excess of its ratable share of payments on account of the Pro Rata Advances obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such
participations in the Pro Rata Advances made by them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided, however, that if all or any portion of such excess payment is
thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such
Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered. Each Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.16 may, to the fullest extent permitted by law, exercise all its
rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of such Borrower in the amount of such participation. 
 Section 2.17. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, JPMCB, as Administrative Agent, shall deliver written notice to such effect, upon JPMCB, as Administrative Agent’s, obtaining knowledge of such event, to Altria and such Defaulting Lender, and the following provisions shall
apply for so long as such Lender is a Defaulting Lender: 
 (a) fees shall cease to accrue on the undrawn portion
of the Commitment of such Defaulting Lender pursuant to Section 2.09(a). 
 (b) the Commitments of such
Defaulting Lender shall not be included in determining whether all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 9.01), provided that any
waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender. 
 (c) any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and
including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.16) shall, in lieu of being distributed to such Defaulting Lender, subject to any applicable requirements of law, be applied (i) first, to
the payment of any amounts owing by such Defaulting Lender to JPMCB, as Administrative Agent, hereunder, (ii) second, to the funding of any Advance in respect of which such Defaulting Lender has failed to fund its portion thereof as required by
this Agreement, as determined by JPMCB, as Administrative Agent, and (iii) third, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction. 
 In the event that JPMCB, as Administrative Agent, and Altria each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender or

  

 30 







 
upon receipt by JPMCB, as Administrative Agent, of the confirmation referred to in clause (c) of the definition of “Defaulting Lender”, as applicable, then on such date such Lender
shall purchase at par such portion of the Advances of the other Lenders as JPMCB, as Administrative Agent, shall determine may be necessary in order for such Lender to hold such Advances ratably in accordance with its respective Commitment.

 Section 2.18. Evidence of Debt. (a) Lender Records; Pro Rata Notes. Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Pro Rata Advance owing to such Lender from time to time, including the amounts of principal and interest
payable and paid to such Lender from time to time hereunder in respect of Pro Rata Advances. Each Borrower shall, upon notice by any Lender to such Borrower (with a copy of such notice to JPMCB, as Administrative Agent) to the effect that a Pro Rata
Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Pro Rata Advances owing to, or to be made by, such Lender, promptly execute and deliver to such Lender a Pro Rata
Note payable to the order of such Lender in a principal amount up to the Commitment of such Lender. 
 (b)
Record of Borrowings, Payables and Payments. The Register maintained by JPMCB, as Administrative Agent, pursuant to Section 9.07(d) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken
together) shall be recorded as follows: 
 (i) the date and amount of each Borrowing made hereunder, the Type of
Advances comprising such Borrowing and, if appropriate, the Interest Period applicable thereto; 
 (ii) the terms
of each Assignment and Acceptance delivered to and accepted by it; 
 (iii) the amount of any principal or
interest due and payable or to become due and payable from each Borrower to each Lender hereunder; and 
 (iv)
the amount of any sum received by JPMCB, as Administrative Agent, from the Borrowers hereunder and each Lender’s share thereof. 
 (c) Evidence of Payment Obligations. Entries made in good faith by JPMCB, as Administrative Agent, in the Register pursuant to Section 2.18(b), and by each Lender in its account or accounts
pursuant to Section 2.18(a), shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from each Borrower to, in the case of the Register, each Lender and, in the case of
such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of JPMCB, as Administrative Agent, or such Lender to make an entry, or any finding that an entry is incorrect, in
the Register or such account or accounts shall not limit or otherwise affect the obligations of any Borrower under this Agreement. 
  

 31 







 Section 2.19. Use of Proceeds. The proceeds of the Advances shall be available
(and each Borrower agrees that it shall use such proceeds) for general corporate purposes of Altria and its Subsidiaries. 
 ARTICLE III 
 CONDITIONS TO EFFECTIVENESS AND LENDING 
 Section 3.01. Conditions Precedent to Effectiveness. This Agreement shall become effective on and as of the first date (the
“Effective Date”) on which the following conditions precedent have been satisfied: 
 (a) Altria
shall have notified each Lender and JPMCB, as Administrative Agent, in writing as to the proposed Effective Date. 
 (b) On the Effective Date, the following statements shall be true and JPMCB, as Administrative Agent, shall have received for the account of each Lender a certificate signed by a duly authorized officer of Altria, dated the Effective Date,
stating that: 
 (i) the representations and warranties contained in Section 4.01 are correct on and as of
the Effective Date, and 
 (ii) no event has occurred and is continuing that constitutes a Default or Event of
Default. 
 (c) JPMCB, as Administrative Agent, shall have received on or before the Effective Date copies of the
letter from Altria dated on or before such day, terminating in whole the commitments of the banks party to the Existing Loan Agreement. 
 (d) Prior to or simultaneously with the Effective Date, Altria shall have satisfied all of its obligations under the Existing Loan Agreement including, without limitation, the payment of all loans,
accrued interest and fees under the Existing Loan Agreement. 
 (e) JPMCB, as Administrative Agent, shall have
received on or before the Effective Date the following, each dated such day, in form and substance satisfactory to JPMCB, as Administrative Agent: 
 (i) Certified copies of the resolutions of the Board of Directors of Altria approving this Agreement, and of all documents evidencing other necessary corporate action and governmental approvals, if any,
with respect to this Agreement. 
 (ii) A certificate of the Secretary or an Assistant Secretary of Altria
certifying the names and true signatures of the officers of Altria authorized to sign this Agreement and the other documents to be delivered hereunder. 
  

 32 







 (iii) Favorable opinions of counsel (which may be in-house counsel) for
Altria, substantially in the form of Exhibits F-1 and F-2 hereto. 
 (iv) An executed Guarantee. 
 (v) Certified copies of the resolutions of the Board of Directors of the Guarantor approving the Guarantee, and of all
documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guarantee. 
 (vi) A certificate of the Secretary or an Assistant Secretary of the Guarantor certifying the names and true signatures of the officers of the Guarantor authorized to sign the Guarantee and the other
documents to be delivered in connection therewith. 
 (vii) Favorable opinion of counsel (which may be in-house
counsel) for Guarantor, substantially in the form of Exhibit F-3 hereto. 
 (viii) A favorable opinion of Simpson
Thacher & Bartlett LLP, counsel for JPMCB, as Administrative Agent, substantially in the form of Exhibit H hereto. 
 (f) This Agreement shall have been executed by Altria and JPMCB and Citibank, as Administrative Agents, and JPMCB, as Administrative Agent, shall have been notified by each Initial Lender that such
Initial Lender has executed this Agreement. 
 JPMCB, as Administrative Agent, shall notify Altria and the Initial Lenders of the date which is
the Effective Date upon satisfaction of all of the conditions precedent set forth in this Section 3.01. For purposes of determining compliance with the conditions specified in this Section 3.01, each Lender shall be deemed to have
consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of JPMCB, as Administrative Agent,
responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Altria, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto.

 Section 3.02. Initial Advance to Each Designated Subsidiary. The obligation of each Lender to make an initial
Advance to each Designated Subsidiary following any designation of such Designated Subsidiary as a Borrower hereunder pursuant to Section 9.08 is subject to the receipt by JPMCB, as Administrative Agent, on or before the date of such initial
Advance of each of the following, in form and substance satisfactory to JPMCB, as Administrative Agent, and dated such date, and in sufficient copies for each Lender: 
 (a) Certified copies of the resolutions of the Board of Directors of such Designated Subsidiary (with a certified English
translation if the original thereof is not in

  

 33 







 
English) approving this Agreement, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement. 
 (b) A certificate of a proper officer of such Designated Subsidiary certifying the names and true signatures of the officers
of such Designated Subsidiary authorized to sign this Agreement and the other documents to be delivered hereunder. 
 (c) A certificate signed by a duly authorized officer of the Designated Subsidiary, dated as of the date of such initial Advance, certifying that such Designated Subsidiary shall have obtained all governmental and third party
authorizations, consents, approvals (including exchange control approvals) and licenses required under applicable laws and regulations necessary for such Designated Subsidiary to execute and deliver this Agreement and to perform its obligations
thereunder. 
 (d) The Designation Agreement of such Designated Subsidiary, substantially in the form of Exhibit
D hereto. 
 (e) A favorable opinion of counsel (which may be in-house counsel) to such Designated Subsidiary,
dated the date of such initial Advance, covering, to the extent customary and appropriate for the relevant jurisdiction, the opinions outlined on Exhibit G hereto. 
 (f) Such other approvals, opinions or documents as any Lender, through JPMCB, as Administrative Agent, may reasonably
request. 
 Section 3.03. Conditions Precedent to Each Pro Rata Borrowing. The obligation of each Lender to make a
Pro Rata Advance on the occasion of each Pro Rata Borrowing is subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Pro Rata Borrowing the following statements shall be true, and the acceptance by
the Borrower of the proceeds of such Pro Rata Borrowing shall be a representation by such Borrower or Altria, as the case may be, that: 
 (a) the representations and warranties contained in Section 4.01 (except the representations set forth in the last sentence of subsection (e) and in subsection (f) thereof (other than
clause (i) thereof)) are correct on and as of the date of such Pro Rata Borrowing, before and after giving effect to such Pro Rata Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and, if such
Pro Rata Borrowing shall have been requested by a Designated Subsidiary, the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct on and as of the date of such Pro Rata Borrowing, before and
after giving effect to such Pro Rata Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; 
 (b) after giving effect to the application of the proceeds of all Borrowings on such date (together with any other resources of the Borrower applied together therewith)

  

 34 







 
no event has occurred and is continuing, or would result from such Pro Rata Borrowing, that constitutes a Default or Event of Default; and 
 (c) if such Pro Rata Borrowing is in an aggregate principal amount equal to or greater than $500,000,000 and is being made in
connection with any purchase of shares of such Borrower’s or Altria’s capital stock or the capital stock of any other Person, or any purchase of all or substantially all of the assets of any Person (whether in one transaction or a series
of transactions) or any transaction of the type referred to in Section 5.02(b), the statement in (b) above shall also be true on a pro forma basis as if such transaction or purchase shall have been completed. 
 Section 3.04. Conditions Precedent to Each Competitive Bid Borrowing. The obligation of each Lender that is to make a
Competitive Bid Advance on the occasion of a Competitive Bid Borrowing is subject to the conditions precedent that (i) JPMCB, as Administrative Agent, shall have received the written confirmatory Notice of Competitive Bid Borrowing with respect
thereto, (ii) on or before the date of such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing, JPMCB, as Administrative Agent, shall have received a Competitive Bid Note payable to the order of such Lender for each of the
one or more Competitive Bid Advances to be made by such Lender as part of such Competitive Bid Borrowing, in a principal amount equal to the principal amount of the Competitive Bid Advance to be evidenced thereby and otherwise on such terms as were
agreed to for such Competitive Bid Advance in accordance with Section 2.07, and (iii) on the date of such Competitive Bid Borrowing the following statements shall be true, and the acceptance by the Borrower of the proceeds of such
Competitive Bid Borrowing shall be a representation by such Borrower or Altria, as the case may be, that: 
 (a)
the representations and warranties contained in Section 4.01 are correct on and as of the date of such Competitive Bid Borrowing, before and after giving effect to such Competitive Bid Borrowing and to the application of the proceeds therefrom,
as though made on and as of such date, and, if such Competitive Bid Borrowing shall have been requested by a Designated Subsidiary, the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct
on and as of the date of such Competitive Bid Borrowing, before and after giving effect to such Competitive Bid Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and 
 (b) after giving effect to the application of the proceeds of all Borrowings on such date (together with any other resources
of the Borrower applied together therewith), no event has occurred and is continuing, or would result from such Competitive Bid Borrowing that constitutes a Default or Event of Default. 
  

 35 







 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 Section 4.01. Representations and
Warranties of Altria. Altria represents and warrants as follows: 
 (a) It is a corporation duly organized,
validly existing and in good standing under the laws of Virginia. 
 (b) The execution, delivery and performance
of this Agreement and the Notes to be delivered by it are within its corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) its charter or by-laws or (ii) in any material respect, any law,
rule, regulation or order of any court or governmental agency or any contractual restriction binding on or affecting it. 
 (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, delivery and performance by it of
this Agreement or the Notes to be delivered by it. 
 (d) This Agreement is, and each of the Notes to be
delivered by it when delivered hereunder will be, a legal, valid and binding obligation of Altria enforceable against Altria in accordance with its terms, subject to the effect of any applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and an implied
covenant of good faith and fair dealing. 
 (e) As reported in Altria’s Quarterly Report on Form 10-Q for
the quarterly period ended September 30, 2009, the unaudited condensed consolidated balance sheet of Altria and its Subsidiaries as of September 30, 2009 and the unaudited condensed consolidated statement of earnings of Altria and its
Subsidiaries for the nine months then ended fairly present, in all material respects, the consolidated financial position of Altria and its Subsidiaries as at such date and the consolidated results of the operations of Altria and its Subsidiaries
for the nine months ended on such date, all in accordance with accounting principles generally accepted in the United States. Except as disclosed in Altria’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2009,
and in any Current Report on Form 8-K filed subsequent to September 30, 2009 but prior to the Effective Date, since September 30, 2009 there has been no material adverse change in such position or operations. 
 (f) There is no pending or threatened action or proceeding affecting it or any of its Subsidiaries before any court,
governmental agency or arbitrator (a “Proceeding”) (i) that purports to affect the legality, validity or enforceability of this Agreement or (ii) except for Proceedings disclosed in Altria’s Annual Report on Form 10-K
for the year

  

 36 







 
ended December 31, 2008, Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2009, June 30, 2009 and September 30, 2009, any Current Report on Form
8-K filed subsequent to September 30, 2009 but prior to the Effective Date and, with respect to Proceedings commenced after the date of the most recent such document but prior to the Effective Date, a certificate delivered to the Lenders, that
may materially adversely affect the financial position or results of operations of Altria and its Subsidiaries taken as a whole. 
 (g) It owns directly or indirectly 100% of the capital stock of each other Borrower. 
 (h) None of the proceeds of any Advance will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any indebtedness which
was originally incurred to purchase or carry any Margin Stock or for any other purpose that would constitute the Advances as a “purpose credit” within the meaning of Regulation U and, in each case, would constitute a violation of
Regulation U. 
 ARTICLE V 
 COVENANTS OF ALTRIA 
 Section 5.01. Affirmative Covenants. So long as
any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, Altria will: 
 (a)
Compliance with Laws, Etc. Comply, and cause each Major Subsidiary to comply, in all material respects, with all applicable laws, rules, regulations and orders (such compliance to include, without limitation, complying with ERISA and paying
before the same become delinquent all taxes, assessments and governmental charges imposed upon it or upon its property except to the extent contested in good faith), noncompliance with which would materially adversely affect the financial condition
or operations of Altria and its Subsidiaries taken as a whole. 
 (b) Maintenance of Ratios. 

(i) Maintenance of Ratio of Debt to EBITDA. Maintain a ratio of aggregate consolidated Debt as of the last day of
the most recent fiscal quarter for which consolidated financial statements have been delivered pursuant to Section 5.01(c)(i) or (ii) hereof to Consolidated EBITDA for the four consecutive fiscal quarter period ending on such date of not
more than 3.0 to 1.0. 
 (ii) Maintenance of Ratio of Consolidated EBITDA to Consolidated Interest
Expense. Maintain a ratio of Consolidated EBITDA for the four most recent fiscal quarters for which consolidated financial statements have been

  

 37 







 
delivered pursuant to Section 5.01(c)(i) or (ii) hereof to Consolidated Interest Expense for such four most recent fiscal quarters of not less than 4.0 to 1.0. 
 (c) Reporting Requirements. Furnish to the Lenders: 
 (i) as soon as available and in any event within 60 days after the end of each of the first three quarters of each fiscal
year of Altria, an unaudited interim condensed consolidated balance sheet of Altria and its Subsidiaries as of the end of such quarter and unaudited interim condensed consolidated statements of earnings of Altria and its Subsidiaries for the period
commencing at the end of the previous fiscal year and ending with the end of such quarter, certified by the chief financial officer of Altria; 
 (ii) as soon as available and in any event within 100 days after the end of each fiscal year of Altria, a copy of the consolidated financial statements for such year for Altria and its Subsidiaries,
audited by PricewaterhouseCoopers LLP (or other independent auditors which, as of the date of this Agreement, are one of the “big four” accounting firms); 
 (iii) all reports which Altria sends to any of its shareholders, and copies of all reports on Form 8-K (or any successor
forms adopted by the Securities and Exchange Commission) which Altria files with the Securities and Exchange Commission; 
 (iv) as soon as possible and in any event within five days after the occurrence of each Event of Default and each Default, continuing on the date of such statement, a statement of the chief financial
officer or treasurer of Altria setting forth details of such Event of Default or Default and the action which Altria has taken and proposes to take with respect thereto; 
 (v) within 60 days of the end of each fiscal quarter of Altria, a statement of the chief financial officer or treasurer of
Altria certifying compliance with the requirements of Section 5.01(b) and setting forth the relevant calculations; and 
 (vi) such other historical information respecting the condition or operations, financial or otherwise, of Altria or any Major Subsidiary as any Lender through JPMCB, as Administrative Agent, may from time
to time reasonably request. 
 In lieu of furnishing the Lenders the items referred to in clauses (i), (ii) and (iii) above, Altria
may make such items available on the internet at www.altria.com (which website includes an option to subscribe to a free service alerting subscribers by e-mail of new Securities and Exchange Commission filings) or any successor or replacement
website thereof, or by similar electronic means. 
  

 38 







 Section 5.02. Negative Covenants. So long as any Advance shall remain unpaid or
any Lender shall have any Commitment hereunder, Altria will not: 
 (a) Liens, Etc. Create or suffer to
exist, or permit any Major Subsidiary to create or suffer to exist, any lien, security interest or other charge or encumbrance (other than operating leases and licensed intellectual property), or any other type of preferential arrangement
(“Liens”), upon or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any Major Subsidiary to assign, any right to receive income, in each case to secure or provide for the payment
of any Debt of any Person, other than: 
 (i) Liens upon or in property acquired or held by it or any Major
Subsidiary in the ordinary course of business to secure the purchase price of such property or to secure indebtedness incurred solely for the purpose of financing the acquisition of such property; 
 (ii) Liens existing on property at the time of its acquisition (other than any such lien or security interest created in
contemplation of such acquisition); 
 (iii) Liens existing on the date hereof securing Debt; 
 (iv) Liens on property financed through the issuance of industrial revenue bonds in favor of the holders of such bonds or any
agent or trustee therefor; 
 (v) Liens existing on property of any Person acquired by Altria or any Major
Subsidiary; 
 (vi) Liens securing Debt in an aggregate amount not in excess of 15% of Consolidated Tangible
Assets; 
 (vii) Liens upon or with respect to Margin Stock; 
 (viii) Liens in favor of Altria or any Major Subsidiary; 
 (ix) Liens in connection with leasing, sale and leaseback and structured finance transactions conducted in the ordinary
course of business of Philip Morris Capital Corporation, provided that any such Liens that secure the payment of Debt are without recourse to the general credit or assets of Altria and its Major Subsidiaries; 
 (x) precautionary Liens provided by Altria or any Major Subsidiary in connection with the sale, assignment, transfer or other
disposition of assets by Altria or such Major Subsidiary which transaction is determined by the Board of Directors of Altria or such Major Subsidiary to constitute a “sale” under accounting principles generally accepted in the United
States; or 
  

 39 







 (xi) any extension, renewal or replacement of the foregoing, provided
that (A) such Lien does not extend to any additional assets (other than a substitution of like assets), and (B) the amount of Debt secured by any such Lien is not increased. 
 (b) Mergers, Etc. Consolidate with or merge into, or convey or transfer its properties and assets substantially as an
entirety to, any Person, or permit any Subsidiary directly or indirectly owned by it to do so, unless, immediately after giving effect thereto, no Default or Event of Default would exist and, in the case of any merger or consolidation to which it is
a party, the surviving corporation is Altria or was a Subsidiary of Altria immediately prior to such merger or consolidation, which is organized and existing under the laws of the United States of America or any State thereof, or the District of
Columbia. The surviving corporation of any merger or consolidation involving Altria or any other Borrower shall assume all of Altria’s or such Borrower’s obligations under this Agreement (including without limitation with respect to
Altria’s obligations, the covenants set forth in Article V) by the execution and delivery of an instrument in form and substance satisfactory to the Required Lenders. 
 ARTICLE VI 
 EVENTS OF DEFAULT 
 Section 6.01. Events of Default. Each of the following events (each an “Event of Default”) shall constitute an Event
of Default: 
 (a) Any Borrower or Altria shall fail to pay any principal of any Advance when the same becomes
due and payable; or any Borrower shall fail to pay interest on any Advance, or Altria shall fail to pay any fees payable under Section 2.09, within ten days after the same becomes due and payable; or 
 (b) Any representation or warranty made or deemed to have been made by any Borrower or Altria herein or by any Borrower or
Altria (or any of their respective officers) in connection with this Agreement shall prove to have been incorrect in any material respect when made or deemed to have been made; or 
 (c) Any Borrower or Altria shall fail to perform or observe (i) any term, covenant or agreement contained in
Section 5.01(b) or 5.02(b), (ii) any term, covenant or agreement contained in Section 5.02(a) if such failure shall remain unremedied for 15 days after written notice thereof shall have been given to Altria by JPMCB, as Administrative
Agent, or any Lender or (iii) any other term, covenant or agreement contained in this Agreement on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to
Altria by JPMCB, as Administrative Agent, or any Lender; or 
  

 40 







 (d) Any Borrower or Altria or any Major Subsidiary shall fail to pay any
principal of or premium or interest on any Debt which is outstanding in a principal amount of at least $100,000,000 in the aggregate (but excluding Debt arising under this Agreement) of such Borrower or Altria or such Major Subsidiary (as the case
may be), when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or
instrument relating to such Debt unless adequate provision for any such payment has been made in form and substance satisfactory to the Required Lenders; or any Debt of any Borrower or Altria or any Major Subsidiary which is outstanding in a
principal amount of at least $100,000,000 in the aggregate (but excluding Debt arising under this Agreement) shall be declared to be due and payable, or required to be prepaid (other than by a scheduled required prepayment), redeemed, purchased or
defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof unless adequate provision for the payment of such Debt has been made in form and substance
satisfactory to the Required Lenders; or 
 (e) Any Borrower or Altria or any Major Subsidiary shall generally
not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any Borrower or
Altria or any Major Subsidiary seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property, and, in the case of any such
proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days or any of the actions sought in such proceeding (including, without limitation, the entry of an order
for relief against it or the appointment of a receiver, trustee, custodian or other similar official for it or for any of its property constituting a substantial part of the property of Altria and its Subsidiaries taken as a whole) shall occur; or
any Borrower or any Major Subsidiary shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or 
 (f) Any judgment or order for the payment of money in excess of $100,000,000 shall be rendered against any Borrower or Altria or any Major Subsidiary and there shall be any period of 60 consecutive days
during which a stay of enforcement of such unsatisfied judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; provided that such 60-day stay period shall be extended for a period not to exceed an additional 120
days if (i) Altria, such Borrower or such Major Subsidiary is contesting such judgment or enforcement of such judgment in good faith, unless, with respect only to judgments or orders rendered outside the United States, such action is not
reasonably required to protect its respective assets from levy or garnishment, and (ii) no assets with a fair market value in excess of $100,000,000 of Altria, such Borrower or

  

 41 







 
such Major Subsidiary have been levied upon or garnished to satisfy such judgment; provided, further, that such 60-day stay period shall be further extended for any judgment or
order rendered outside the United States until such time as the conditions in clauses (i) or (ii) are no longer satisfied; or 
 (g) Any Borrower, Altria or any ERISA Affiliate shall incur, or shall be reasonably likely to incur, liability in excess of $500,000,000 in the aggregate as a result of one or more of the following:
(i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of any Borrower, Altria or any ERISA Affiliate from a Multiemployer Plan; or (iii) the reorganization or termination of a Multiemployer Plan;
provided, however, that no Default or Event of Default under this Section 6.01(g) shall be deemed to have occurred if the Borrower, Altria or any ERISA Affiliate shall have made arrangements satisfactory to the PBGC or the
Required Lenders to discharge or otherwise satisfy such liability (including the posting of a bond or other security); or 
 (h) So long as any Subsidiary of Altria is a Designated Subsidiary, the guaranty provided by Altria under Article VIII hereof shall for any reason cease to be valid and binding on Altria or Altria shall
so state in writing. 
 Section 6.02. Lenders’ Rights upon Event of Default. If an Event of Default occurs or
is continuing, then JPMCB, as Administrative Agent, shall at the request, or may with the consent, of the Required Lenders, by notice to Altria and the Borrowers: 
 (a) declare the obligation of each Lender to make further Advances to be terminated, whereupon the same shall forthwith
terminate, and 
 (b) declare all the Advances then outstanding, all interest thereon and all other amounts
payable under this Agreement to be forthwith due and payable, whereupon the Advances then outstanding, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of
any kind, all of which are hereby expressly waived by the Borrowers; 
 provided, however, that in the event of an actual or
deemed entry of an order for relief with respect to any Borrower under the Federal Bankruptcy Code, (i) the obligation of each Lender to make Advances shall automatically be terminated and (ii) the Advances then outstanding, all such
interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers. 
 ARTICLE VII 
 THE
ADMINISTRATIVE AGENTS 
 Section 7.01. Authorization and Action. Each Lender hereby appoints and authorizes the
Administrative Agents to take such action as agent on its behalf and to exercise

  

 42 







 
such powers and discretion under this Agreement as are delegated to the Administrative Agents by the terms hereof, together with such powers and discretion as are reasonably incidental thereto.
As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Notes), the Administrative Agents shall not be required to exercise any discretion or take any action, but shall be
required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders and all holders of Notes;
provided, however, that no Administrative Agent shall be required to take any action that exposes such Administrative Agent to personal liability or that is contrary to this Agreement or applicable law. Each of the Administrative
Agents agrees to give to each Lender prompt notice of each notice given to it by any Borrower as required by the terms of this Agreement or at the request of such Borrower, and any notice provided pursuant to Section 5.01(c)(iv). No
Administrative Agent shall have, by reason hereof, a fiduciary relationship in respect of any Lender; and nothing herein, expressed or implied, is intended to or shall be so construed as to impose upon any Administrative Agent any obligations in
respect hereof except as expressly set forth herein. 
 Section 7.02. Administrative Agents’ Reliance, Etc.
Neither the Administrative Agents nor any of their directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement, except for its or their own gross
negligence or willful misconduct. Without limitation of the generality of the foregoing, the Administrative Agents: 
 (a) may treat the Lender that made any Advance as the holder of the Debt resulting therefrom until JPMCB, as Administrative Agent, receives and accepts an Assignment and Acceptance entered into by such Lender, as assignor, and an Eligible
Assignee, as assignee, as provided in Section 9.07; 
 (b) may consult with legal counsel (including counsel
for Altria or any Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or
experts; 
 (c) make no warranty or representation to any Lender and shall not be responsible to any Lender for
any statements, warranties or representations (whether written or oral) made in or in connection with this Agreement; 
 (d) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement on the part of any Borrower or to inspect the property (including the books and
records) of such Borrower; 
 (e) shall not be responsible to any Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; and 
  

 43 







 (f) shall incur no liability under or in respect of this Agreement by acting
upon any notice, consent, certificate or other instrument or writing (which may be by telecopier, telegram or telex) believed by it to be genuine and signed or sent by the proper party or parties. 
 Section 7.03. JPMCB, Citibank and Affiliates. With respect to its Commitment and the Advances made by it, each of JPMCB and
Citibank shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not an Administrative Agent; and the term “Lender” or “Lenders” shall, unless otherwise expressly
indicated, include JPMCB and Citibank in their individual capacities. JPMCB and Citibank and their affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally
engage in any kind of business with, any Borrower, any of its Subsidiaries and any Person who may do business with or own securities of any Borrower or any such Subsidiary, all as if JPMCB and Citibank were not Administrative Agents and without any
duty to account therefor to the Lenders. 
 Section 7.04. Lender Credit Decision. Each Lender acknowledges that it
has, independently and without reliance upon either Administrative Agent, any Syndication Agent, any Documentation Agent, or any other Lender and based on the financial statements referred to in Section 4.01 and such other documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon any Administrative Agent, Syndication Agent,
Documentation Agent, or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement. 
 Section 7.05. Indemnification. The Lenders agree to indemnify each Administrative Agent solely in its capacity as Administrative
Agent (to the extent not reimbursed by the Borrowers), ratably according to the respective principal amounts of the Pro Rata Advances then owing to each of them (or if no Pro Rata Advances are at the time outstanding, ratably according to the
respective amounts of their Commitments), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on,
incurred by, or asserted against such Administrative Agent in any way relating to or arising out of this Agreement or any action taken or omitted by such Administrative Agent under this Agreement (collectively, the “Indemnified
Costs”), provided that no Lender shall be liable for any portion of the Indemnified Costs to the extent resulting from such Administrative Agent’s gross negligence or willful misconduct as found in a final, non-appealable
judgment by a court of competent jurisdiction. Without limitation of the foregoing, each Lender agrees to reimburse such Administrative Agent promptly upon demand for its ratable share of any out-of-pocket expenses (including counsel fees) incurred
by such Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, to the extent that such Administrative Agent is not reimbursed for such expenses by the Borrowers. In the case of any investigation, litigation or

  

 44 







 
proceeding giving rise to any Indemnified Costs, this Section 7.05 applies whether any such investigation, litigation or proceeding is brought by any Administrative Agent, any Lender or a
third party. 
 Section 7.06. Successor Administrative Agents. An Administrative Agent may resign at any time by
giving written notice thereof to the Lenders and Altria and may be removed at any time with or without cause by the Required Lenders. Upon the resignation or removal of JPMCB, as Administrative Agent, Citibank, as Administrative Agent, shall succeed
to and become vested with all the rights, powers, discretion, privileges and duties of JPMCB, as Administrative Agent, and JPMCB, as Administrative Agent shall be discharged from its duties and obligations under this Agreement. Upon any other such
resignation or removal which results in there being no Administrative Agent hereunder, the Required Lenders shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so appointed by the
Required Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Administrative Agent, then the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent, which shall be a commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus
of at least $500,000,000. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers,
discretion, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Administrative Agent’s resignation or
removal hereunder as Administrative Agent, the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. 
 Section 7.07. Syndication Agents and Documentation Agents. Barclays Capital, the investment banking division of Barclays Bank
PLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Goldman Sachs Credit Partners L.P. have been designated as Syndication Agents, and Banco Santander, S.A., New York Branch, The Bank of Nova Scotia, HSBC Bank USA, National
Association, Morgan Stanley Senior Funding, Inc. and The Royal Bank of Scotland plc have been designated as Documentation Agents, but the use of such titles does not impose on any of them any duties or obligations greater than those of any other
Lender. 
 ARTICLE VIII 
 GUARANTY 
 Section 8.01. Guaranty. Altria hereby unconditionally and
irrevocably guarantees as primary obligor and not as surety (the undertaking of Altria contained in this Article VIII being the “Guaranty”) the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of
all obligations of each Borrower now or hereafter existing under this Agreement, whether for principal, interest, fees, expenses or otherwise (such obligations being the “Obligations”), and any and all expenses (including counsel
fees and expenses)

  

 45 







 
incurred by JPMCB, as Administrative Agent, or the Lenders in enforcing any rights under the Guaranty. The Guaranty is a guaranty of payment and not of collection. 
 Section 8.02. Guaranty Absolute. Altria guarantees that the Obligations will be paid strictly in accordance with the terms of
this Agreement, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of JPMCB, as Administrative Agent, or the Lenders with respect thereto. The liability of Altria under
this Guaranty shall be absolute and unconditional irrespective of: 
 (a) any lack of validity, enforceability or
genuineness of any provision of this Agreement or any other agreement or instrument relating thereto; 
 (b) any
change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to departure from this Agreement; 
 (c) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to
departure from any other guaranty, for all or any of the Obligations; or 
 (d) any other circumstance which
might otherwise constitute a defense available to, or a discharge of, a Borrower or Altria. 
 This Guaranty shall continue to
be effective or be reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned by JPMCB, as Administrative Agent, or any Lender upon the insolvency, bankruptcy or reorganization of
a Borrower or otherwise, all as though such payment had not been made. 
 Section 8.03. Waivers. (a) Altria
hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Obligations and this Guaranty and any requirement that JPMCB, as Administrative Agent, or any Lender protect, secure, perfect or insure any
security interest or lien or any property subject thereto or exhaust any right or take any action against a Borrower or any other Person or any collateral. 
 (b) Altria hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against any Borrower that arise from the existence, payment, performance or enforcement of
Altria’s obligations under this Guaranty or this Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of JPMCB, as
Administrative Agent, or any Lender against such Borrower or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from such
Borrower, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to Altria in violation of the preceding sentence at any time
prior to the later of the cash payment in full of the Obligations and all other amounts payable under this Guaranty

  

 46 







 
and the Termination Date, such amount shall be held in trust for the benefit of JPMCB, as Administrative Agent, and the Lenders and shall forthwith be paid to JPMCB, as Administrative Agent, to
be credited and applied to the Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of this Agreement and this Guaranty, or to be held as collateral for any Obligations or other
amounts payable under this Guaranty thereafter arising. Altria acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Agreement and this Guaranty and that the waiver set forth in this
Section 8.03(b) is knowingly made in contemplation of such benefits. 
 Section 8.04. Continuing Guaranty. This
Guaranty is a continuing guaranty and shall (a) remain in full force and effect until payment in full (after the Termination Date) of the Obligations and all other amounts payable under this Guaranty, (b) be binding upon Altria, its
successors and assigns, and (c) inure to the benefit of and be enforceable by the Lenders, JPMCB, as Administrative Agent, and their respective successors, transferees and assigns. 
 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement, nor consent to any departure by any
Borrower or Altria therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for
which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by all the Lenders affected thereby, do any of the following: (a) waive any of the conditions specified in Sections 3.01 and
3.02, (b) increase the Commitments of the Lenders or subject the Lenders to any additional obligations, (c) reduce the principal of, or interest on, the Pro Rata Advances or any fees or other amounts payable hereunder, (d) postpone
any date fixed for any payment of principal of, or interest on, the Pro Rata Advances or any fees or other amounts payable hereunder, (e) change the percentage of the Commitments or of the aggregate unpaid principal amount of the Pro Rata
Advances, or the number of Lenders, that shall be required for the Lenders or any of them to take any action hereunder, (f) release Altria from any of its obligations under Article VIII or (g) amend this Section 9.01; provided
further that no waiver of the conditions specified in Section 3.04 in connection with any Competitive Bid Borrowing shall be effective unless consented to by all Lenders making Competitive Bid Advances as part of such Competitive Bid
Borrowing; and provided further that no amendment, waiver or consent shall, unless in writing and signed by JPMCB, as Administrative Agent, in addition to the Lenders required above to take such action, affect the rights or duties of
JPMCB, as Administrative Agent, under this Agreement or any Pro Rata Advance. 
 Section 9.02. Notices, Etc.
(a) Addresses. Unless otherwise specified herein, all notices and other communications provided for hereunder shall be in writing (including electronic communication) and mailed, telecopied, or delivered, as follows: 
  

 47 







 if to Altria: 
 Altria Group, Inc. 
 6601 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Vice President and Treasurer 
 Fax number: (804) 484-8886; 
 with a copy to: 
 Altria Client Services Inc. 
 6601 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Treasury Management – Back Office 
 Fax number: (804) 274-4596; 
 if to Altria, as guarantor: 
 Altria Group, Inc. 
 6601 West Broad Street 
 Richmond, Virginia 23230 
 Attention: Corporate Secretary 
 Fax number: (804) 484-8265 
 if to any Initial Lender, at its Domestic Lending Office specified opposite its name on Schedule I hereto; 
 if to any other Lender, at its Domestic Lending Office specified in the Assignment and Acceptance pursuant to which it became a Lender;

 if to JPMCB, as Administrative Agent: 
 c/o JPMorgan Chase Bank, N.A. 
 270 Park Avenue, 4th Floor 
 New York, New York 10017 
 Attention: Client Credit Manager 
 Fax number: (212) 270-6637; 
 with a copy to: 
 JPMorgan Chase Bank, N.A. 
 Loan and Agency 
 1111 Fannin Street, 10th Floor 
 Houston, Texas 77002 
 Attention: Account Manager – 
 Fax number: (713) 750- 2956; 
  

 48 







 as to any Borrower, Altria or JPMCB, as Administrative Agent, at such other address as shall be designated
by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by such party in a written notice to Altria and JPMCB, as Administrative Agent. 
 (b) Effectiveness of Notices. All such notices and communications shall, when mailed or telecopied, be effective when deposited in
the mail or telecopied, respectively, except that notices and communications to JPMCB, as Administrative Agent, pursuant to Article II, III or VII shall not be effective until received by JPMCB, as Administrative Agent. Delivery by telecopier of an
executed counterpart of any amendment or waiver of any provision of this Agreement or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof. 
 Section 9.03. No Waiver; Remedies. No failure on the part of any Lender or JPMCB, as Administrative Agent, to exercise, and no
delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law. 
 Section 9.04. Costs and
Expenses. (a) Administrative Agent; Enforcement. Altria agrees to pay on demand all reasonable costs and expenses in connection with the preparation, execution, delivery, administration (excluding any cost or expenses for
administration related to the overhead of JPMCB, as Administrative Agent), modification and amendment of this Agreement and the documents to be delivered hereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of
counsel for JPMCB, as Administrative Agent, with respect thereto and with respect to advising JPMCB, as Administrative Agent, as to its rights and responsibilities under this Agreement, and all costs and expenses of the Lenders and JPMCB, as
Administrative Agent, if any (including, without limitation, reasonable counsel fees and expenses of the Lenders and JPMCB, as Administrative Agent), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise)
of this Agreement and the other documents to be delivered hereunder. 
 (b) Prepayment of LIBO Rate Advances or Floating Rate
Bid Advances. If any payment of principal of any LIBO Rate Advance or Floating Rate Bid Advance is made other than on the last day of the Interest Period for such Advance or at its maturity, as a result of a payment pursuant to
Section 2.11, acceleration of the maturity of the Advances pursuant to Section 6.02, an assignment made as a result of a demand by Altria pursuant to Section 9.07(a) or for any other reason, Altria shall, upon demand by any Lender
(with a copy of such demand to JPMCB, as Administrative Agent), pay to JPMCB, as Administrative Agent, for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses which it may reasonably
incur as a result of such payment, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or
maintain such Advance. Without prejudice to the survival of any other agreement of any Borrower hereunder, the agreements and obligations of each Borrower contained in Section

  

 49 







 
2.02(c), 2.05, 2.12, 2.15 and this Section 9.04(b) shall survive the payment in full of principal and interest hereunder. 
 (c) Indemnification. Each Borrower and Altria jointly and severally agree to indemnify and hold harmless the Administrative Agents
and each Lender and each of their respective affiliates, control persons, directors, officers, employees, attorneys and agents (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and
expenses (including, without limitation, reasonable fees and disbursements of counsel) which may be incurred by or asserted against any Indemnified Party, in each case in connection with or arising out of, or in connection with the preparation for
or defense of, any investigation, litigation, or proceeding (i) related to any transaction or proposed transaction (whether or not consummated) in which any proceeds of any Borrowing are applied or are proposed to be applied, directly or
indirectly, by any Borrower, whether or not such Indemnified Party is a party to such transaction or (ii) related to any Borrower’s or Altria’s entering into this Agreement or the credit facility established hereby, or to any actions
or omissions of any Borrower or Altria or any of its or their respective officers, directors, employees or agents in connection therewith, in each case whether or not an Indemnified Party is a party thereto and whether or not such investigation,
litigation or proceeding is brought by Altria or any Borrower or any other Person; provided, however, that neither any Borrower nor Altria shall be required to indemnify any such Indemnified Party from or against any portion of such
claims, damages, losses, liabilities or expenses that is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnified Party. 
 Section 9.05. Right of Set-Off. Upon (i) the occurrence and during the continuance of any Event of Default and
(ii) the making of the request or the granting of the consent specified by Section 6.02 to authorize JPMCB, as Administrative Agent, to declare the Advances due and payable pursuant to the provisions of Section 6.02, each Lender is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time
owing by such Lender to or for the credit or the account of Altria or any Borrower against any and all of the obligations of any Borrower or Altria now or hereafter existing under this Agreement, whether or not such Lender shall have made any demand
under this Agreement and although such obligations may be unmatured. Each Lender shall promptly notify the appropriate Borrower or Altria, as the case may be, after any such set-off and application, provided that the failure to give such
notice shall not affect the validity of such set-off and application. The rights of each Lender and its affiliates under this Section 9.05 are in addition to other rights and remedies (including, without limitation, other rights of set-off)
that such Lender and its affiliates may have. 
 Section 9.06. Binding Effect. This Agreement shall be binding upon
and inure to the benefit of Altria, JPMCB, as Administrative Agent, Citibank, as Administrative Agent, and each Lender and their respective successors and assigns, except that neither any Borrower nor Altria shall have the right to assign its rights
hereunder or any interest herein without the prior written consent of the Lenders. 
  

 50 







 Section 9.07. Assignments and Participations. (a) Assignment of Lender
Obligations. Each Lender may and, if demanded by Altria upon at least five Business Days’ notice (or, in the case of a Defaulting Lender, at least three Business Days’ notice) to such Lender and JPMCB, as Administrative Agent, will
assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment and the Pro Rata Advances owing to it), subject to the following: 

(i) each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this
Agreement (other than, except in the case of an assignment made as a result of a demand by Altria pursuant to this Section 9.07(a), any Competitive Bid Advances owing to such Lender or any Competitive Bid Notes held by it); 
 (ii) the amount of the Commitment of the assigning Lender being assigned pursuant to each such assignment (determined as of
the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than $10,000,000 (subject to reduction at the sole discretion of Altria) and shall be an integral multiple of $1,000,000; 
 (iii) each such assignment shall be to an Eligible Assignee; 
 (iv) each such assignment made as a result of a demand by Altria pursuant to this Section 9.07(a) shall be arranged by
Altria after consultation with JPMCB, as Administrative Agent, and shall be either an assignment of all of the rights and obligations of the assigning Lender under this Agreement or an assignment of a portion of such rights and obligations made
concurrently with another such assignment or other such assignments which together cover all of the rights and obligations of the assigning Lender under this Agreement; 
 (v) no Lender shall be obligated to make any such assignment as a result of a demand by Altria pursuant to this
Section 9.07(a) unless and until such Lender shall have received one or more payments from either the Borrowers to which it has outstanding Advances or one or more Eligible Assignees in an aggregate amount at least equal to the aggregate
outstanding principal amount of the Advances owing to such Lender, together with accrued interest thereon to the date of payment of such principal amount and all other amounts payable to such Lender under this Agreement; and 
 (vi) the parties to each such assignment shall execute and deliver to JPMCB, as Administrative Agent, for its acceptance and
recording in the Register, an Assignment and Acceptance, together with a processing and recordation fee of $3,500 payable by the assigning Lender, provided that, if such assignment is made as a result of a demand by Altria under this
Section 9.07(a), Altria shall pay or cause to be paid such $3,500 fee. 
  

 51 







 Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each
Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a
Lender hereunder and (y) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other than those provided under
Section 9.04) and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto), other than Section 9.12. 
 (b) Assignment and Acceptance. By executing
and delivering an Assignment and Acceptance, the assigning Lender thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance,
such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial
condition of any Borrower or Altria or the performance or observance by any Borrower or Altria of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it
has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into
such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon JPMCB, as Administrative Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi) such assignee represents that (A) the source of any funds it
is using to acquire the assigning Lender’s interest or to make any Advance is not and will not be plan assets as defined under the regulations of the Department of Labor of any Plan subject to Title I of ERISA or Section 4975 of the
Internal Revenue Code or (B) the assignment or Advance is not and will not be a non-exempt prohibited transaction as defined in Section 406 of ERISA; (vii) such assignee appoints and authorizes JPMCB, as Administrative Agent, to take
such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to JPMCB, as Administrative Agent, by the terms hereof, together with such powers and discretion as are reasonably incidental
thereto; and (viii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be performed by it as a Lender. 
 (c) Agent’s Acceptance. Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee
representing that it is an Eligible Assignee, together with any Pro Rata Note or Notes subject to such assignment, JPMCB, as Administrative Agent, shall, if such Assignment and Acceptance has been completed and is in substantially the form of

  

 52 







 
Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to Altria.

 (d) Register. JPMCB, as Administrative Agent, shall maintain at its address referred to in Section 9.02 a copy of
each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Advances owing to, each Lender from time to time (the
“Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and Altria, the Borrowers, JPMCB, as Administrative Agent, and the Lenders may treat each Person whose name is
recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by Altria, any Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.

 (e) Sale of Participation. Each Lender may sell participations to one or more banks or other entities in or to all or
a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment, the Advances owing to it and any Note or Notes held by it), subject to the following: 
 (i) such Lender’s obligations under this Agreement (including, without limitation, its Commitment to Altria hereunder)
shall remain unchanged, 
 (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations, 
 (iii) Altria, the other Borrowers, JPMCB, as Administrative Agent, and the
other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, and 
 (iv) no participant under any such participation shall have any right to approve any amendment or waiver of any provision of
this Agreement, or any consent to any departure by any Borrower or Altria therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Advances or any fees or other amounts payable
hereunder, in each case to the extent subject to such participation, or postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees or other amounts payable hereunder, in each case to the extent subject to such
participation. 
 (f) Disclosure of Information. Any Lender may, in connection with any assignment or participation or
proposed assignment or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to Altria or any Borrower furnished to such Lender by or on behalf of
Altria or any Borrower; provided that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any confidential information relating to Altria received by it
from such Lender by signing a confidentiality agreement substantially in the form attached hereto as Exhibit I or with terms no less restrictive than the provisions of Exhibit I. 
  

 53 







 (g) Regulation A Security Interest. Notwithstanding any other provision set forth in
this Agreement, any Lender may at any time create a security interest in all or any portion of its rights under this Agreement (including, without limitation, the Advances owing to it and any Note or Notes held by it) in favor of any Federal Reserve
Bank in accordance with Regulation A. 
 Section 9.08. Designated Subsidiaries. (a) Designation. Altria
may at any time, and from time to time, by delivery to JPMCB, as Administrative Agent, of a Designation Agreement duly executed by Altria and the respective Subsidiary and substantially in the form of Exhibit D hereto, designate such Subsidiary as a
“Designated Subsidiary” for purposes of this Agreement and such Subsidiary shall thereupon become a “Designated Subsidiary” for purposes of this Agreement and, as such, shall have all of the rights and obligations of a Borrower
hereunder. JPMCB, as Administrative Agent, shall promptly notify each Lender of each such designation by Altria and the identity of the respective Subsidiary. 
 (b) Termination. Upon the payment and performance in full of all of the indebtedness, liabilities and obligations under this Agreement of any Designated Subsidiary then, so long as at the time no
Notice of Pro Rata Borrowing or Notice of Competitive Bid Borrowing in respect of such Designated Subsidiary is outstanding, such Subsidiary’s status as a “Designated Subsidiary” shall terminate upon notice to such effect from JPMCB,
as Administrative Agent, to the Lenders (which notice JPMCB, as Administrative Agent, shall give promptly, and only upon its receipt of a request therefor from Altria). Thereafter, the Lenders shall be under no further obligation to make any Advance
hereunder to such former Designated Subsidiary until such time as it has been redesignated a Designated Subsidiary by Altria pursuant to Section 9.08(a). 
 Section 9.09. Governing Law. This Agreement and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York. 
 Section 9.10. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement
by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement. 
 Section 9.11.
Jurisdiction, Etc. (a) Submission to Jurisdiction; Service of Process. Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York state
court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment,
and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York state court or, to the extent permitted by law, in such Federal
court. Each Borrower irrevocably consents to the service of process in any action or proceeding in such courts by the mailing thereof by any parties hereto by registered or certified

  

 54 







 
mail, postage prepaid, to such Borrower at its address specified pursuant to Section 9.02. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party may otherwise have to serve legal process in any other manner
permitted by law or to bring any action or proceeding relating to this Agreement or the Notes in the courts of any jurisdiction. 
 (b) Waivers. Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or
proceeding arising out of or relating to this Agreement or the Notes in any New York state or Federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, trial by jury in any legal action or proceeding relating to this Agreement or any other related
documents. 
 Section 9.12. Confidentiality. None of the Administrative Agents nor any Lender shall disclose any
confidential information relating to Altria or any Borrower to any other Person without the consent of Altria, other than (a) to such Administrative Agent’s or such Lender’s affiliates and their officers, directors, employees, agents
and advisors and, as contemplated by Section 9.07(f), to actual or prospective assignees and participants, and then, in each such case, only on a confidential basis and only to such Persons who need to know such information for the purpose of
evaluating, administering or monitoring this Agreement or the credit facility established hereby; provided, however, that such actual or prospective assignee or participant shall have been made aware of this Section 9.12 and shall
have agreed to be bound by its provisions as if it were a party to this Agreement, (b) as required by any law, rule or regulation or judicial process, and (c) as requested or required by any state, federal or foreign authority or examiner
regulating banks or banking or other financial institutions. Altria agrees that no confidentiality undertaking previously entered into by any Administrative Agent or Lender or any of its affiliates shall prohibit any disclosure expressly permitted
to be made by, and in accordance with, Section 9.07(f) and this Section 9.12. 
 Section 9.13.
Integration. This Agreement and the Notes represent the agreement of Altria, the other Borrowers, the Administrative Agents and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or
warranties by the Administrative Agents, Altria, the other Borrowers or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the Notes other than the matters referred to in Sections 2.09(b) and 9.04(a)
and except for confidentiality agreements entered into by each Lender in connection with this Agreement. 
 Section 9.14.
USA Patriot Act Notice. Each Administrative Agent and each Lender hereby notifies the Borrowers that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the
“Patriot Act”), it is required to obtain, verify and record information that identifies the Borrowers, which information

  

 55 







 
includes the name and address of each Borrower and other information that will allow such Lender to identify such Borrower in accordance with the Patriot Act. 
 Section 9.15. No Fiduciary Duty. Each Administrative Agent, each Lender and their affiliates (collectively, solely for purposes
of this paragraph, the “Lenders”), may have economic interests that conflict with those of Altria. Altria agrees that nothing in this Agreement will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other
implied duty between the Lenders and Altria, its stockholders or its affiliates. Altria further acknowledges and agrees that it is responsible for making its own independent judgment with respect to this Agreement and the process leading thereto.
Altria agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to Altria, in connection with this Agreement or the process leading thereto. 
 [Signature pages omitted.] 
  

 56 







 EXHIBIT A-1 - FORM OF 
 PRO RATA NOTE 
 Dated:
                    , 20         
 U.S.$                      
 FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                     corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of
             (the “Lender”) for the account of its Applicable Lending Office on the Termination Date (each as defined in the Credit Agreement referred to below) the
principal sum of U.S.$[amount of the Lender’s Commitment in figures] or, if less, the aggregate principal amount of the Pro Rata Advances outstanding on the Termination Date made by the Lender to the Borrower pursuant to the 364-Day Revolving
Credit Agreement, dated as of November 20, 2009 among Altria Group, Inc., the Lender and certain other lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for the Lender and such
other lenders (as amended or modified from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined). 
 The Borrower promises to pay interest on the unpaid principal amount of each Pro Rata Advance from the date of such Pro Rata Advance until such principal amount is paid in full, at such interest rate, and
payable at such times, as are specified in the Credit Agreement. 
 Both principal and interest in respect of each Pro Rata
Advance are payable in Dollars to JPMCB, as Administrative Agent, for the account of the Lender at the office of JPMCB, located at 270 Park Avenue, New York, New York 10017, in same day funds. Each Pro Rata Advance owing to the Lender by the
Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note.

 This Promissory Note is one of the Pro Rata Notes referred to in, and is entitled to the benefits of, the Credit Agreement.
The Credit Agreement, among other things, (i) provides for the making of Pro Rata Advances by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding the Dollar amount first above mentioned, the
indebtedness of the Borrower resulting from each such Pro Rata Advance being evidenced by this Promissory Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for
prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 






 This Promissory Note shall be governed by, and construed in accordance with, the laws of the
State of New York. 
  

			
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:


  

 2 







 LOANS AND PAYMENTS OF PRINCIPAL 
  

													
	 Date
	  	 Type of
 Advance
	  	 Amount of
 Advance
	  	 Interest Rate
	  	 Amount of
 Principal
 Paid
 or Prepaid
	  	 Unpaid
 Principal
 Balance
	  	 Notation
 Made By

		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	

  

 3 







 EXHIBIT A-2 - FORM OF 
 COMPETITIVE BID NOTE 
 Dated:
                    , 20         
 U.S.$                      
 FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                     corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of
                     (the “Lender”) for the account of its Applicable Lending Office (as defined in the 364-Day Revolving
Credit Agreement, dated as of November 20, 2009 among Altria Group, Inc., the Lender and certain other lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for the Lender and such
other lenders (as amended or modified from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined)), on
                    , 20        , the principal amount of
U.S.$[            ]. 
 The Borrower promises to pay interest
on the unpaid principal amount hereof from the date hereof until such principal amount is paid in full, at the interest rate and payable on the interest payment date or dates provided below: 
 Interest Rate Basis:
                             . 
 Day Count
Convention:                       . 
 Interest Payment Date(s):                    . 
 Both principal and interest are payable in Dollars to JPMCB, as Administrative Agent, for the account of the Lender at the office of JPMCB,
located at 270 Park Avenue, New York, New York 10017, in same day funds. 
 This Promissory Note is one of the Competitive Bid
Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. 
 The Borrower hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any
rights hereunder on the part of the holder hereof shall operate as a waiver of such rights. 
 This Promissory Note shall be
governed by, and construed in accordance with, the laws of the State of New York. 
  

			
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:








 EXHIBIT B-1 - FORM OF NOTICE OF 
 PRO RATA BORROWING 
 [Date]                                       
              
 JPMorgan Chase Bank, N.A., as Administrative Agent 

for the Lenders party 
 to the Credit Agreement 
 referred to below 
 Attention:                      
 Ladies and Gentlemen: 
 [NAME OF BORROWER], refers to the 364-Day Revolving Credit
Agreement, dated as of November 20, 2009 (as amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., the Lenders party thereto
and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a
Pro Rata Borrowing under the Credit Agreement, and in that connection sets forth below the information relating to such Pro Rata Borrowing (the “Proposed Pro Rata Borrowing”) as required by Section 2.02(a) of the Credit
Agreement: 
 (i) The date of the Proposed Pro Rata Borrowing is
            , 20        . 
 (ii) The Type of Advances comprising the Proposed Pro Rata Borrowing is [Base Rate Advances] [LIBO Rate Advances]. 
 (iii) The aggregate amount of the Proposed Pro Rata Borrowing is
U.S.$[            ]. 
 [(iv) The initial
Interest Period for each LIBO Rate Advance made as part of the Proposed Pro Rata Borrowing is [one week] [             month(s)].] 
 The undersigned, as applicable, hereby certifies that the following statements are true on the date hereof, and will be true on the date of
the Proposed Pro Rata Borrowing: 
 (A) the representations and warranties contained in Section 4.01 of the
Credit Agreement (except the representations set forth in the last sentence of subsection (e) thereof and in subsection (f) thereof (other than clause (i) thereof)) are correct, before and after giving effect to the Proposed Pro Rata
Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; 






 [if the Borrower is a Designated Subsidiary: the representations and
warranties of such Designated Subsidiary contained in its Designation Agreement are correct, before and after giving effect to the Proposed Pro Rata Borrowing and to the application of the proceeds therefrom, as though made on and as of such date;]

 (B) after giving effect to the application of the proceeds of all Borrowings on the date of such Pro Rata
Borrowing (together with any other resources of the Borrower applied together therewith), no event has occurred and is continuing, or would result from such Pro Rata Borrowing, that constitutes a Default or Event of Default; 
 (C) if such Proposed Pro Rata Borrowing is in an aggregate principal amount equal to or greater than $500,000,000 and is
being made in connection with any purchase of shares of the Borrower’s capital stock or the capital stock of any other Person, or any purchase of all or substantially all of the assets of any Person (whether in one transaction or a series of
transactions) or any transaction of the type referred to in Section 5.02(b) of the Credit Agreement, the statement in clause (B) above will be true on a pro forma basis as if such transaction or purchase shall have been
completed; and 
 (D) the aggregate principal amount of the Proposed Pro Rata Borrowing and all other Borrowings
to be made on the same day under the Credit Agreement is within the aggregate unused Commitments of the Lenders. 
  

			
	Very truly yours,
	
	ALTRIA GROUP, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:


  

 2 







 EXHIBIT B-2 - FORM OF NOTICE OF 
 COMPETITIVE BID BORROWING 
 [Date]                                       
                          
 JPMorgan Chase Bank, N.A., as Administrative Agent 
 for the Lenders party to the Credit Agreement 
 referred to below 
 Attention:
                     
 Ladies and
Gentlemen: 
 [NAME OF BORROWER], refers to the 364-Day Revolving Credit Agreement, dated as of November 20, 2009 (as
amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative
Agent, Citibank, N.A., as Administrative Agent for such Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.07(b) of the Credit Agreement that the undersigned hereby requests a Competitive Bid Borrowing under the Credit
Agreement, and in that connection sets forth the terms on which such Competitive Bid Borrowing (the “Proposed Competitive Bid Borrowing”) is requested to be made: 
  

	 	(A)	Date of Competitive Bid Borrowing; 

  

	 	(B)	Amount of Competitive Bid Borrowing; 

  

	 	(C)	Interest rate basis; 

  

	 	(D)	Day count convention; 

  

	 	(E)	[Interest Period] [Maturity date]; 

  

	 	(F)	Interest payment date(s); 

  

	 	(G)	Borrower’s account location; 

  

	 	(H)	[other terms (if any)]. 

 The
undersigned, as applicable, hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Competitive Bid Borrowing: 
 (a) the representations and warranties contained in Section 4.01 of the Credit Agreement are correct, before and after
giving effect to the Proposed Competitive Bid







 
Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; 
 [if the Borrower is a Designated Subsidiary: the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct, before and after giving effect to the
Proposed Competitive Bid Borrowing and to the application of the proceeds therefrom, as though made on and as of such date;] 
 (b) after giving effect to the application of the proceeds of all Borrowings on the date of such Competitive Bid Borrowing (together with any other resources of the Borrower applied together therewith),
no event has occurred and is continuing, or would result from such Proposed Competitive Bid Borrowing, that constitutes a Default or Event of Default; and 
 (c) the aggregate principal amount of the Proposed Competitive Bid Borrowing and all other Borrowings to be made on the same day under the Credit Agreement is within the aggregate unused Commitments of
the Lenders. 
 The undersigned hereby confirms that the Proposed Competitive Bid Borrowing is to be made available to it in
accordance with Section 2.07(e) of the Credit Agreement. 
  

			
	Very truly yours,
	
	ALTRIA GROUP, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	[NAME OF BORROWER]
		
	By	 	  

		 	Name:
		 	Title:


  

 2 







 EXHIBIT C - FORM OF 
 ASSIGNMENT AND ACCEPTANCE 
 Reference is made to the 364-Day
Revolving Credit Agreement, dated as of November 20, 2009 (as amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., a Virginia
corporation, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders. 
 The “Assignor” and the “Assignee” referred to on Schedule 1 hereto agree as follows: 
 1. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, an interest in and to the Assignor’s rights and obligations under the Credit
Agreement as of the date hereof (other than in respect of Competitive Bid Advances and Competitive Bid Notes) equal to the percentage interest specified on Schedule 1 hereto of all outstanding rights and obligations under the Credit Agreement (other
than in respect of Competitive Bid Advances and Competitive Bid Notes). After giving effect to such sale and assignment, the Assignee’s Commitment and the amount of the Pro Rata Advances owing to the Assignee will be as set forth on Schedule 1
hereto. Each of the Assignor and the Assignee represents and warrants that it is authorized to execute and deliver this Assignment and Acceptance. 
 2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim;
(ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement or any other instrument or document furnished pursuant thereto; and (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any
Borrower or Altria or the performance or observance by any Borrower or Altria of any of its obligations under the Credit Agreement or any other instrument or document furnished pursuant thereto. 
 3. The Assignee (i) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements
referred to in Section 4.01 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (ii) agrees that it will, independently
and without reliance upon JPMCB, as Administrative Agent, any other Agent, the Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement; (iii) confirms that it is an Eligible Assignee; (iv) represents that (A) the source of any funds it is using to acquire the Assignor’s interest or to make any Advance is not and will
not be plan assets as defined under the regulations of the Department of Labor of any Plan subject to Title I of ERISA or Section 4975 of the Code or (B) the assignment or Advance is not and will be not be a non-exempt prohibited
transaction as defined in Section 406 of ERISA; (v) appoints and authorizes JPMCB, as Administrative Agent, to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated
to JPMCB, as Administrative Agent, by the terms thereof, together with such powers







 
and discretion as are reasonably incidental thereto; and (vi) agrees that it will perform in accordance with their terms all of the obligations that by the terms of the Credit Agreement are
required to be performed by it as a Lender. 
 4. This Assignment and Acceptance will be delivered to JPMCB, as Administrative
Agent, for acceptance and recording by JPMCB, as Administrative Agent following its execution. The effective date for this Assignment and Acceptance (the “Effective Date”) shall be the date of acceptance hereof by JPMCB, as
Administrative Agent, unless otherwise specified on Schedule 1 hereto. 
 5. Upon such acceptance and recording by JPMCB, as
Administrative Agent, as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (ii) the
Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement. 
 6. Upon such acceptance and recording by JPMCB, as Administrative Agent, from and after the Effective Date, JPMCB, as Administrative Agent, shall make all payments under the Credit Agreement in respect of
the interest assigned hereby (including, without limitation, all payments of principal, interest and commitment fees with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Credit
Agreement for periods prior to the Effective Date directly between themselves. 
 7. This Assignment and Acceptance shall be
governed by, and construed in accordance with, the laws of the State of New York. 
 8. This Assignment and Acceptance may be
executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart of Schedule 1 to this Assignment and Acceptance by telecopier shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. 
 IN WITNESS WHEREOF, the Assignor and the Assignee have caused Schedule 1 to this Assignment and Acceptance to be executed by their officers
thereunto duly authorized as of the date specified thereon. 
  

 2 







 Schedule 1 
 to 
 Assignment and Acceptance 
  

					
	Percentage interest assigned:	 		 	            %
			
	Assignee’s Commitment:	 		 	U.S.$            
		
	Aggregate outstanding principal amount of Pro Rata Advances assigned:	 	U.S.$            
		
	Effective Date1:	 	                    , 20    


  

			
	[NAME OF ASSIGNOR], as Assignor
		
	By	 	  

		 	Title:
		
	Dated:	 	                    ,
20    
	
	[NAME OF ASSIGNEE], as Assignee
		
	By	 	  

		 	Title:
		
	Dated:	 	                    ,
20    
	
	Domestic Lending Office:
	      [Address]


 Accepted this 
                      day of
                    , 20     
  

			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
		
	 By
	 	  

		 	 Title:


 [Approved this
                     day 
 of
                    , 20     
  

	1	 This date should be no earlier than five Business Days after the delivery of this Assignment and Acceptance to JPMorgan Chase, as Administrative Agent.










			
	[NAME OF BORROWER]2
		
	By	 	  

		 	Title:

  

	2	 Required if the Assignee is an Eligible Assignee solely by reason of clause (viii) of the definition of “Eligible Assignee.”



  

 2 







 EXHIBIT D - FORM OF 
 DESIGNATION AGREEMENT 
  

					
	[Date]1


 JPMorgan Chase Bank, N.A., as Administrative Agent 

    for the Lenders party to the Credit Agreement 
     referred to below 
 Ladies and Gentlemen: 
 Reference is made to the 364-Day Revolving Credit
Agreement, dated as of November 20, 2009 (as amended or modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), among Altria Group, Inc., [certain other borrowers
party thereto], the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders. 
 Please be advised that Altria hereby designates its undersigned wholly-owned Subsidiary,
                         (“Designated Subsidiary”), as a “Designated Subsidiary” under and for
all purposes of the Credit Agreement. 
 The Designated Subsidiary, in consideration of each Lender’s agreement to extend
credit to it under and on the terms and conditions set forth in the Credit Agreement, does hereby assume each of the obligations imposed upon a “Designated Subsidiary” and a “Borrower” under the Credit Agreement and agrees to be
bound by the terms and conditions of the Credit Agreement. In furtherance of the foregoing, the Designated Subsidiary hereby represents and warrants to each Lender as follows: 
 (a) The Designated Subsidiary is a corporation duly organized, validly existing and in good standing under the laws of
                        . 
 (b) The execution, delivery and performance by the Designated Subsidiary of this Designation Agreement, the Credit Agreement and the Notes to be delivered by it are within the Designated Subsidiary’s
corporate powers, have been duly authorized by all necessary corporate action and do not contravene (i) the Designated Subsidiary’s charter or by-laws or (ii) in any material respect, any law, rule, regulation or order of any court or
governmental agency or contractual restriction binding on or affecting it. 
 (c) No authorization or approval or
other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, 
  
  

	1	 For Subsidiaries that are not listed on Schedule II, date must be at least (i) three Business Days for a Designated Subsidiary organized in the
United States or any political subdivision thereof and (ii) five Business Days for a Designated Subsidiary organized outside the United States, in each case, prior to the date of the initial Pro Rata Advance to such Designated Subsidiary.









 delivery and performance by the Designated Subsidiary of this Designation Agreement, the
Credit Agreement or the Notes to be delivered by it. 
 (d) This Designation Agreement is, and the Notes to be
delivered by the Designated Subsidiary when delivered will be, legal, valid and binding obligations of the Designated Subsidiary enforceable against the Designated Subsidiary in accordance with their respective terms, subject to the effect of any
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity (regardless of whether such enforceability is sought in a
proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
 (e) There is no
pending or threatened action or proceeding affecting the Designated Subsidiary or any of its Subsidiaries before any court, governmental agency or arbitrator that purports to affect the legality, validity or enforceability of this Designation
Agreement, the Credit Agreement or any Note of the Designated Subsidiary. 
 (f) [The
registered address; name, telephone number, facsimile number and email address of contact person; and internet address, if available, of the Designated Subsidiary are
                        .]2 
 (g) [The Federal employer identification number of the Designated Subsidiary is
                    .]2,3 
  

			
	Very truly yours,
	
	ALTRIA GROUP, INC.
		
	By	 	  
		 	Name:
		 	Title:
	
	[DESIGNATED SUBSIDIARY]
		
	By	 	  

		 	Name:
		 	Title:


  

	2	 Does not apply to Subsidiaries listed on Schedule II. 



	3	 Does not apply to Designated Subsidiaries organized outside the United States. 


  

 2 







 EXHIBIT E - 
 FORM OF GUARANTEE 
 GUARANTEE, dated as of
                    , 20             (as amended from time to time, this
“Guarantee”), made by Philip Morris USA Inc., a Virginia corporation (the “Guarantor”), in favor of the Lenders (the “Lenders”) party to the 364-Day Revolving Credit Agreement, dated as of
November 20, 2009 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Altria Group, Inc. (“Altria”), such Lenders and JPMorgan Chase Bank, N.A., as Administrative
Agent (“JPMCB”), Citibank, N.A., as Administrative Agent for the Lenders. Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. 
 WITNESSETH: 
 SECTION 1. Guarantee. (a) The Guarantor hereby unconditionally guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all the obligations of Altria now or hereafter existing under
the Credit Agreement, whether for principal, interest, fees, expenses or otherwise (such obligations being referred to herein as the “Obligations”). 
 (b) It is the intention of the Guarantor that this Guarantee not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar federal or state law to the extent applicable to this Guarantee. To effectuate the foregoing intention, the amount guaranteed by the Guarantor under this Guarantee shall be limited to the maximum amount as
will, after giving effect to such maximum amount and all other contingent and fixed liabilities of the Guarantor that are relevant under such laws, result in the Obligations of the Guarantor under this Guarantee not constituting a fraudulent
transfer or conveyance. For purposes hereof, “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors. 
 SECTION 2. Guarantee Absolute. The Guarantor guarantees that the Obligations will be paid strictly in accordance with the terms of the Credit Agreement, regardless of any law, regulation or order
now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of JPMCB, as Administrative Agent, or the Lenders with respect thereto. The liability of the Guarantor under this Guarantee shall be absolute and unconditional
irrespective of: 
 (a) any lack of validity, enforceability or genuineness of any provision of the Credit Agreement or any
other agreement or instrument relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other
term of, all or any of the Obligations, or any other amendment or waiver of or any consent to departure from the Credit Agreement; 
 (c) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guarantee, for all or any of the Obligations; or 






 (d) any other circumstance that might otherwise constitute a defense available to, or a
discharge of, Altria or a guarantor. 
 SECTION 3. Subordination. The Guarantor covenants and agrees that its obligation
to make payments of the Obligations hereunder constitutes an unsecured obligation of the Guarantor ranking (a) pari passu with all existing and future senior indebtedness of the Guarantor and (b) senior in right of payment to all
existing and future subordinated indebtedness of the Guarantor. 
 SECTION 4. Waiver; Subrogation. (a) The Guarantor
hereby waives promptness, diligence, notice of acceptance and any other notice with respect to this Guarantee and any requirement that JPMCB, as Administrative Agent, or any Lender protect, secure, perfect or insure any security interest or lien or
any property subject thereto or exhaust any right or take any action against Altria or any other Person or any collateral. 
 (b) The Guarantor hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against Altria that arise from the existence, payment, performance or enforcement of the Guarantor’s obligations under this
Guarantee or the Credit Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of JPMCB, as Administrative Agent, or any
Lender against Altria or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from Altria, directly or indirectly, in cash
or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to the Guarantor in violation of the preceding sentence at any time prior to the cash payment in full
of the Obligations and all other amounts payable under this Guarantee, such amount shall be held in trust for the benefit of JPMCB, as Administrative Agent, and the Lenders and shall forthwith be paid to JPMCB, as Administrative Agent, to be
credited and applied to the Obligations and all other amounts payable under this Guarantee, whether matured or unmatured, in accordance with the terms of the Credit Agreement and this Guarantee, or be held as collateral for any Obligations or other
amounts payable under this Guarantee thereafter arising. The Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Credit Agreement and this Guarantee and that the waiver set
forth in this Section 4(b) is knowingly made in contemplation of such benefits. 
 SECTION 5. No Waiver; Remedies.
No failure on the part of JPMCB, as Administrative Agent, or any Lender to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any
other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
  

 2 







 SECTION 6. Continuing Guarantee; Transfer of Interest. This Guarantee is a continuing
guarantee and shall (a) remain in full force and effect until the earliest to occur of (i) the date, if any, on which the Guarantor shall consolidate with or merge into Altria or any successor thereto, (ii) the date, if any, on which
Altria or any successor thereto shall consolidate with or merge into the Guarantor, (iii) payment in full of the Obligations, and (iv) the rating of Altria’s long term senior unsecured debt by Standard & Poor’s of A or
higher, (b) be binding upon the Guarantor, its successors and assigns, and (c) inure to the benefit of and be enforceable by any Lender or Administrative Agent, and by their respective successors, transferees, and assigns. 
 SECTION 7. Reinstatement. This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any
payment of any of the Obligations is rescinded or must otherwise be returned by JPMCB, as Administrative Agent, or any Lender upon the insolvency, bankruptcy or reorganization of Altria or otherwise, all as though such payment had not been made.

 SECTION 8. Amendment. The Guarantor may amend this Guarantee at any time for any purpose without the consent of JPMCB,
as Administrative Agent, or any of the Lenders; provided, however, that if such amendment adversely affects the rights of any Lender, the prior written consent of such Lender shall be required. 
 SECTION 9. Governing Law. This Guarantee shall be governed by, and construed in accordance with the laws of the State of New York.

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be duly executed and delivered by its officer thereunto duly
authorized as of the date first above written. 
  

			
	PHILIP MORRIS USA INC.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:


  

 3 







 EXHIBIT F-1 - FORM OF 
 OPINION OF COUNSEL 
 FOR ALTRIA 
  

					
		 	[Letterhead of Hunton & Williams LLP]	 	
		
		 	        [Effective Date]


 To each of the Lenders party 
 to the Credit Agreement referred to below 
 Altria Group, Inc. 

Ladies and Gentlemen: 
 This
opinion is furnished to you pursuant to Section 3.01(e)(iii) of the 364-Day Revolving Credit Agreement, dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc., the Lenders party thereto and
JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 We have acted as counsel for Altria in connection with the preparation, execution and delivery of the Credit Agreement. 
 In that connection, we have examined the following documents: 
 (1) The Credit Agreement. 
 (2) The documents furnished by Altria pursuant to Article III of the Credit Agreement. 
 (3) The Articles of Incorporation of Altria and all amendments thereto (the “Charter”). 
 (4) The by-laws of Altria and all amendments thereto (the “By-laws”). 
 We have
also examined the originals, or copies certified to our satisfaction, of such corporate records of Altria, certificates of public officials and of officers of Altria and agreements, instruments and other documents, as we have deemed relevant and
necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, we have, when relevant facts were not independently established by us, relied upon the representations of Altria set forth in the Credit
Agreement and upon certificates of Altria or its officers or of public officials. Whenever the phrase “to our knowledge” is used herein, it refers to the actual knowledge of the attorneys of the firm involved in the representation of
Altria in connection with the Credit Agreement, without independent investigation. We have assumed the due execution and delivery, pursuant to due authorization, of the Credit Agreement by the Initial Lenders and JPMorgan Chase Bank, N.A., as
Administrative Agent, Citibank, N.A., as Administrative Agent. 






 Our opinions expressed below are limited to the law of the State of New York, the
Commonwealth of Virginia and the Federal law of the United States. 
 Based upon the foregoing and upon such investigation as we
have deemed necessary, we are of the following opinion: 
 1. Altria is a corporation duly organized, validly
existing and in good standing under the laws of the Commonwealth of Virginia. 
 2. The execution, delivery and
performance by Altria of the Credit Agreement and the Notes, and the consummation of the transactions contemplated thereby, are within Altria’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene
(i) the Charter or the By-laws or (ii) any law, rule or regulation applicable to Altria (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) or (iii) to our knowledge, any contractual
restriction binding on or affecting Altria. The Credit Agreement and any Notes delivered on the date hereof have been duly executed and delivered on behalf of Altria. 
 3. No authorization, approval or other action by, and no notice to or filing with, any governmental authority or regulatory
body or any other third party is required for the due execution, delivery and performance by Altria of the Credit Agreement and the Notes. 
 4. The Credit Agreement is the legal, valid and binding obligation of Altria enforceable against Altria in accordance with its terms. The Notes issued on the date hereof, if any, are the legal, valid and
binding obligations of Altria, enforceable against Altria in accordance with their respective terms. 
 The opinion set forth in
paragraph 4 above is subject to the effect of any applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
 We express no opinion with respect to: 
 (A) The effect of any provision of the
Credit Agreement which is intended to permit modification thereof only by means of an agreement in writing by the parties thereto; 
 (B) The effect of any provision of the Credit Agreement insofar as it provides that any Person purchasing a participation from a Lender or other Person may exercise set-off or similar rights with respect to such participation or that any
Lender or other Person may exercise set-off or similar rights other than in accordance with applicable law; 
 (C) The effect of
any provision of the Credit Agreement imposing penalties or forfeitures; 
  

 2 







 (D) The enforceability of any provision of the Credit Agreement to the extent that such
provision constitutes a waiver of illegality as a defense to performance of contract obligations; or 
 (E) The effect of any
provision of the Credit Agreement relating to indemnification or exculpation in connection with violations of any securities laws or relating to indemnification, contribution or exculpation in connection with willful, reckless or criminal acts or
gross negligence of the indemnified or exculpated Person or the Person receiving contribution. 
 In connection with the
provisions of the Credit Agreement which relate to forum selection (including, without limitation, any waiver of any objection to venue or any objection that a court is an inconvenient forum), we note that, under NYCPLR § 510, a New York State
court may have discretion to transfer the place of trial, and, under 28 U.S.C. § 1404(a), a United States District Court has discretion to transfer an action from one Federal court to another. 
 This opinion is being furnished to you pursuant to Section 3.01(e)(iii) of the Credit Agreement, is solely for the benefit of you and
your counsel, and is not intended for, and may not be relied upon by, any other person or entity without our prior written consent. We undertake no duty to inform you of events occurring subsequent to the date hereof. 
 Very truly yours, 
  

 3 







 EXHIBIT F-2 - FORM OF 
 OPINION OF COUNSEL 
 FOR ALTRIA 
 [Effective Date] 
 To each of the Lenders party 
 to the Credit Agreement referred to below 
 Altria Group, Inc. 
 Ladies
and Gentlemen: 
 This opinion is furnished to you pursuant to Section 3.01(e)(iii) of the 364-Day Revolving Credit
Agreement, dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc. (“Altria”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as
Administrative Agent for such Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 I have acted
as counsel for Altria in connection with the preparation, execution and delivery of the Credit Agreement. 
 In that connection,
I have examined originals, or copies certified to my satisfaction, of such corporate records of Altria, certificates of public officials and of officers of Altria, and agreements, instruments and other documents, as I have deemed relevant and
necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, I have, when relevant facts were not independently established by me, relied upon certificates of Altria or its officers or of public
officials. 
 Based upon the foregoing and upon such investigation as I have deemed necessary, I am of the opinion that, to the
best of my knowledge, (i) there is no pending or threatened action or proceeding against Altria or any of its Subsidiaries before any court, governmental agency or arbitrator (a “Proceeding”) that purports to affect the
legality, validity, binding effect or enforceability of the Credit Agreement or the Notes, if any, or the consummation of the transactions contemplated thereby, and (ii) except for Proceedings disclosed in the Annual Report on Form 10-K of
Altria for the fiscal year ended December 31, 2008, Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2009, June 30, 2009 and September 30, 2009 and any Current Reports on Form 8-K filed subsequent to
September 30, 2009 but prior to the Effective Date, or, with respect to Proceedings commenced after the date of the most recent such document but prior to the Effective Date, a certificate delivered to the Lenders and attached hereto, there are
no Proceedings that are likely to have a materially adverse effect upon the financial position or results of operations of Altria and its Subsidiaries taken as a whole. 
  

	
	Very truly yours,








 EXHIBIT G-3 - FORM OF 
 OPINION OF COUNSEL 
 FOR GUARANTOR 
 To each of the Lenders party 
 to
the Credit Agreement referred to below 
 Philip Morris USA Inc. 
 Ladies and Gentlemen: 
 This
opinion is furnished to you pursuant to Section 3.01(e)(vii) of the 364-Day Revolving Credit Agreement, dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc. (“Altria”), the
Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative Agent for such Lenders in connection with the issuance of a guarantee dated November 20, 2009 (“Guarantee”) made by
Philip Morris USA Inc. (“PM USA”) in favor of the Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 We have acted as counsel for PM USA in connection with the preparation, execution and delivery of the Guarantee and are furnishing this opinion at the request of PM USA. 
 In that connection, we have examined the following documents: 
 (1) The Credit Agreement. 
 (2) The Articles of Incorporation of PM USA and all amendments thereto (the “Charter”). 
 (3) The by-laws of PM USA and all amendments thereto (the “By-laws”). 
 (4) The resolutions of PM USA authorizing the Guarantee. 
 (5) The
Guarantee. 
 We have also examined the originals, or copies certified to our satisfaction, of such corporate records of PM USA,
certificates of public officials and of officers of PM USA, and agreements, instruments and other documents, as we have deemed relevant and necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, we
have, when relevant facts were not independently established by us, relied upon the representations of PM USA set forth in the Guarantee and upon certificates of PM USA or its officers or of public officials. Whenever the phrase “to our
knowledge” is used herein, it refers to the actual knowledge of the attorneys of the firm involved in the representation of PM USA in connection with the Guarantee, without independent investigation. 






 Our opinions expressed below are limited to the law of the State of New York, the
Commonwealth of Virginia and the Federal law of the United States. 
 Based upon the foregoing and upon such investigation as we
have deemed necessary, we are of the following opinion: 
 1. PM USA is a corporation duly organized, validly
existing and in good standing under the laws of the Commonwealth of Virginia. 
 2. The execution, delivery and
performance by PM USA of the Guarantee are within PM USA’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene: (i) the Charter or the By-laws or (ii) any law, rule or regulation
applicable to PM USA or (iii) to our knowledge, any contractual restriction binding on or affecting PM USA. The Guarantee delivered on the date hereof has been duly executed and delivered on behalf of PM USA. 
 3. The Guarantee is the legal, valid and binding obligation of PM USA enforceable against PM USA in accordance with its
terms. 
 The opinion set forth in paragraph 3 above is subject to the effect of any applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and an
implied covenant of good faith and fair dealing. 
 We express no opinion with respect to: 
 (A) The enforceability of any provision of the Guarantee to the extent that such provision constitutes a waiver of illegality as a defense to
performance of contract obligations; or 
 (B) The effect of any provision of the Guarantee to the extent that such provision
constitutes a guarantee relating to indemnification or exculpation in connection with violations of any securities laws or relating to indemnification, contribution or exculpation in connection with willful, reckless or criminal acts or gross
negligence of the indemnified or exculpated Person or the Person receiving contribution. 
 This opinion is being furnished to
you in connection with Section 3.01(e)(vii) of the Credit Agreement, is solely for the benefit of you and your counsel, and is not intended for, and may not be relied upon by, any other person or entity without our prior written consent. We
undertake no duty to inform you of events occurring subsequent to the date hereof. 
  

	
	Very truly yours,


  

 2 







 EXHIBIT G - FORM OF 
 OPINION OF COUNSEL 
 FOR DESIGNATED SUBSIDIARY 
 [Effective Date] 
 To each of the Lenders party 
 to the Credit Agreement referred to below 
 Altria Group, Inc. 
 Ladies
and Gentlemen: 
 This opinion is furnished to you pursuant to Section 3.02(e) of the 364-Day Revolving Credit Agreement,
dated as of November 20, 2009 (the “Credit Agreement”), among Altria Group, Inc. (“Altria”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative
Agent for such Lenders. Terms defined in the Credit Agreement are used herein as therein defined. 
 We have acted as counsel
for                      (the “Designated Subsidiary”) in connection with the preparation, execution and delivery of the
Designation Agreement. 
 In that connection, we have examined the following documents: 
 (1) The Designation Agreement. 
 (2) The Credit Agreement. 
 (3) The documents furnished by the
Designated Subsidiary pursuant to Article III of the Credit Agreement. 
 (4) The [Articles] [Certificate] of
Incorporation of the Designated Subsidiary and all amendments thereto (the “Charter”). 
 (5)
The by-laws of the Designated Subsidiary and all amendments thereto (the “By-laws”). 
 We have also examined the originals, or
copies certified to our satisfaction, of such corporate records of the Designated Subsidiary, certificates of public officials and of officers of the Designated Subsidiary, and agreements, instruments and other documents, as we have deemed relevant
and necessary as a basis for the opinions expressed below. As to questions of fact material to such opinions, we have, when relevant facts were not independently established by us, relied upon certificates of the Designated Subsidiary or its
officers or of public officials. We have assumed the due execution and delivery, pursuant to due authorization, of the Credit Agreement by the Initial Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Administrative
Agent. 






 Based upon the foregoing and upon such investigation as we have deemed necessary, we are of
the following opinion: 
 1. The Designated Subsidiary is a corporation duly organized, validly existing and in
good standing under the laws of                     . 
 2. The execution, delivery and performance by the Designated Subsidiary of the Designation Agreement, the Credit Agreement
and the Notes to be delivered by it, and the consummation of the transactions contemplated thereby, are within the Designated Subsidiary’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene
(i) the Charter or the By-laws or (ii) any law, rule or regulation applicable to the Designated Subsidiary (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) or (iii) to our
knowledge, any contractual restriction binding on or affecting the Designated Subsidiary. The Designation Agreement, the Credit Agreement and the Notes delivered by the Designated Subsidiary on the date hereof have been duly executed and delivered
on behalf of the Designated Subsidiary. 
 3. No authorization, approval or other action by, and no notice to or
filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by the Designated Subsidiary of the Designation Agreement, the Credit Agreement and the Notes delivered
by the Designated Subsidiary. 
 4. The Designation Agreement and the Credit Agreement are the legal, valid and
binding obligations of the Designated Subsidiary enforceable against the Designated Subsidiary in accordance with their respective terms. The Notes issued on the date hereof, if any, by the Designated Subsidiary are the legal, valid and binding
obligations of the Designated Subsidiary, enforceable against the Designated Subsidiary in accordance with their respective terms. 
 5. There is, to the best of my knowledge, no pending or threatened action or proceeding against the Designated Subsidiary or any of its Subsidiaries before any court, governmental agency or arbitrator
that purport to affect the legality, validity, binding effect or enforceability of the Designation Agreement, the Credit Agreement or any of the Notes delivered by the Designated Subsidiary or the consummation of the transactions contemplated
thereby. 
  

 2 







 The opinion set forth in paragraph 4 above is subject to the effect of any applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and to the effect of general principles of equity (regardless of whether enforcement is sought in a proceeding in
equity or at law) and an implied covenant of good faith and fair dealing. 
  

	
	Very truly yours,


  

 3 







 EXHIBIT H 
 FORM OF OPINION OF 
 COUNSEL FOR JPMCB, 
 AS ADMINISTRATIVE AGENT 
 [Letterhead of Simpson Thacher & Bartlett LLP] 
 [Effective Date] 
 JPMorgan Chase Bank, N.A. and Citibank, N.A., 
 as Administrative Agents 
 The Lenders listed on Schedule I hereto 
 which are parties to the Credit Agreement 
 on the date hereof 
  

	Re:	364-Day Revolving Credit Agreement dated as 

 of November 20, 2009 (the “Credit 
 Agreement”) among Altria Group,
Inc. (the 
 “Company”), and the Lenders party thereto and 
 JPMorgan Chase Bank, N.A and Citibank, 
 N.A., as Administrative Agents for such 
 Lenders 
 Ladies and Gentlemen: 
 We have
acted as counsel to JPMorgan Chase Bank, N.A., as Administrative Agent, in connection with the preparation, execution and delivery of the Credit Agreement. 
 This opinion is delivered to you pursuant to Section 3.01(e)(viii) of the Credit Agreement. Terms used herein which are defined in the Credit Agreement shall have the respective meanings set forth in
the Credit Agreement, unless otherwise defined herein. 
 In connection with this opinion, we have examined a copy of the Credit
Agreement signed by the Company and by the Administrative Agents and the Lenders. 
 We also have examined the originals, or
duplicates or certified or conformed copies, of such records, agreements, instruments and other documents and have made such other investigations as we have deemed relevant and necessary in connection with the opinions expressed herein. As to
questions of fact material to this opinion, we have relied upon certificates of public officials and of officers and representatives of the Company. In addition, we have examined, and have relied as to matters of fact upon, the representations made
in the Credit Agreement. 






 In rendering the opinion set forth below, we have assumed the genuineness of all signatures,
the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies, and the authenticity of the
originals of such latter documents. 
 In rendering the opinion set forth below we have assumed that (1) the Credit
Agreement is a valid and legally binding obligation of each of the Lenders party thereto, (2) the Company is duly organized and validly existing and in good standing under the laws of the jurisdiction in which it is organized and of each other
jurisdiction in which the conduct of its business or ownership of its property makes such qualification necessary, has the corporate power and authority to execute, deliver and perform its obligations under the Credit Agreement and has duly
authorized, executed and delivered the Credit Agreement in accordance with its Articles of Incorporation and By-laws or other similar organizational documents, and (3)(a) execution, delivery and performance by the Company of the Credit
Agreement do not contravene its Articles of Incorporation or By-laws or other similar organizational documents, (b) execution, delivery and performance by the Company of the Credit Agreement do not violate, or require any consent not obtained
under, the laws of the jurisdiction in which it is organized or any other applicable laws or regulations or any order, writ, injunction or decree of any court or other governmental authority binding on the Company, and (c) execution, delivery
and performance by the Company of the Credit Agreement do not constitute a breach or violation of, or require any consent not obtained under, any agreement or instrument which is binding upon the Company. 
 Based upon and subject to the foregoing, and subject to the qualifications and limitations set forth herein, we are of the opinion that the
Credit Agreement constitutes the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms. 
 Our opinion set forth above is subject to (i) the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’
rights generally, (ii) general equitable principles (whether considered in a proceeding in equity or at law) and (iii) an implied covenant of good faith and fair dealing. 
 We express no opinion with respect to: 
 (A) the effect of any provision of the Credit Agreement which is intended to permit modification thereof only by means of an agreement in writing by the parties thereto; 
 (B) the effect of any provision of the Credit Agreement insofar as it provides that any Person purchasing a participation from a Lender or
other Person may exercise set-off or similar rights with respect to such participation or that any Lender or other Person may exercise set-off or similar rights other than in accordance with applicable law; 
 (C) the effect of any provision of the Credit Agreement imposing penalties or forfeitures; 
 (D) the enforceability of any provision of the Credit Agreement to the extent that such provision constitutes a waiver of illegality as a
defense to performance of contract obligations; or 
  

 2 







 (E) the effect of any provision of the Credit Agreement relating to indemnification or
exculpation in connection with violations of any securities laws or relating to indemnification, contribution or exculpation in connection with willful, reckless or criminal acts or gross negligence of the indemnified or exculpated Person or the
Person receiving contribution. 
 In connection with the provisions of the Credit Agreement which relate to forum selection
(including, without limitation, any waiver of any objection to venue or any objection that a court is an inconvenient forum), we note that under NYCPLR § 510, a New York State court may have discretion to transfer the place of trial, and under
28 U.S.C. § 1404(a), a United States District Court has discretion to transfer an action from one Federal court to another. 
 We are members of the Bar of the State of New York, and we do not express any opinion herein concerning any law other than the law of the State of New York and the Federal law of the United States. 
 This opinion letter is rendered to you in connection with the above described transaction. This opinion letter may not be relied upon by you
for any other purpose, or relied upon by, or furnished to, any other person, firm or corporation without our prior written consent. This opinion letter may be furnished to, but may not be relied upon by, a regulatory authority entitled to receive
it. 
  

	
	Very truly yours,


  

 3 







 EXHIBIT I - FORM OF 
 CONFIDENTIALITY AGREEMENT 
  

	To:	[NAME OF BANK] 

  

	Date:	                , 20     

  

	Subject:	Altria Group, Inc. 364-Day Revolving Credit Facility (the “Credit Facility”) 

 In connection with the Credit Facility for Altria Group, Inc. (the “Company”), you will be receiving certain information
which is non-public, confidential or proprietary in nature. That information and any other information, regardless of form, whether oral, written or electronic, concerning the Company, its subsidiaries or the Credit Facility furnished to you by
[NAME OF LENDER], the Company, Altria Client Services Inc. (“Altria Client Services”) or any of their respective Representatives in connection with the Credit Facility (at any time on, before or after the date of this Agreement),
together with analyses, compilations or other materials prepared by you or your Representatives which contain or otherwise reflect such information or your review of, advice concerning or interest in the Credit Facility is hereinafter referred to as
the “Information.” As used herein, “Representatives” refers to affiliates, directors, officers, employees, agents, auditors, attorneys, consultants or other advisors, and references to the Company or Altria Client
Services shall be deemed to include each of their respective affiliates. In consideration of your receipt of the Information, you agree that: 
  

	 	1.	You will not, without the prior written consent of the Company, use, either directly or indirectly, any of the Information except in connection with the Credit Facility
and any other extension of credit made by you to the Company. 

  

	 	2.	You agree to reveal the Information only to your Representatives who need to know the Information for the purpose of evaluating, administering or monitoring the Credit
Facility, who are informed by you of the confidential nature of the Information, and who agree to be bound by the terms and conditions of this Agreement. You agree to be responsible for any breach of this Agreement by any of your Representatives and
to indemnify and hold the Company, Altria Client Services and their respective Representatives harmless from and against any and all liabilities, claims, causes of action, costs and expenses (including attorney fees and expenses) arising out of the
breach of this Agreement by you or your Representatives. 

  

	 	3.	Without the prior written consent of the Company or Altria Client Services, you shall not disclose to any person (except as otherwise expressly permitted herein) the
fact that the Information has been made available, that discussions are taking place between the Company, Altria Client Services and you or any other financial institution concerning the Credit Facility, or any of the terms, conditions or other
facts with respect thereto (including the status thereof), or that the Credit Facility has been consummated. 








	 	4.	This Agreement shall be inoperative as to any portion of the Information that (i) is or becomes generally available to the public on a non-confidential basis
through no fault by you or your Representatives, or (ii) is or becomes available to you on a non-confidential basis from a source other than the Company, Altria Client Services, [NAME OF LENDER] or their respective Representatives, which
source, to the best of your knowledge, is not prohibited from disclosing such Information to you by a contractual, legal or fiduciary obligation to the Company, Altria Client Services, [NAME OF LENDER] or their respective Representatives.


  

	 	5.	You may disclose the Information at the request of any regulatory or supervisory authority having jurisdiction over you; provided that you request confidential
treatment of such Information to the extent permitted by law; provided further, that, insofar as permitted by law and practicable, you notify the Company and Altria Client Services in advance of such disclosure pursuant to the following paragraph.


  

	 	6.	In the event that you or anyone to whom you transmit the Information pursuant to this Agreement becomes legally compelled to disclose any of the Information or the
existence of the Credit Facility, you shall provide the Company and Altria Client Services with notice of such event promptly upon your obtaining knowledge thereof (provided that you are not otherwise prohibited by law from giving such notice) so
that the Company may seek a protective order or other appropriate remedy. In the event that such protective order or other remedy is not obtained, you shall furnish only that portion of the Information that is legally required and shall disclose the
Information in a manner reasonably designed to preserve its confidential nature. 

  

	 	7.	In the event that discussions with you concerning the Credit Facility are discontinued or your participation in the Credit Facility is otherwise terminated, you shall
deliver to Altria Client Services the copies of the Information that were furnished to you by or on behalf of the Company and represent to Altria Client Services that you have destroyed all other copies thereof, provided that you may maintain copies
of the Information, subject to the terms of this Agreement, as required by law or regulations or document retention policies applicable to you. All of your obligations hereunder and all of the rights and remedies of the Company and Altria Client
Services and [NAME OF LENDER] hereunder shall survive any discontinuance of discussions, termination of your participation or any return or destruction of the Information. 

  

	 	8.	You acknowledge that disclosure of the Information in violation of the terms of this Agreement could have material adverse consequences that could not be adequately
compensated by money damages alone, and agree that, in the event of any breach by you or your Representatives of this Agreement, the Company, Altria Client Services and their respective Representatives will be entitled to seek equitable relief
(including injunction and specific performance) in addition to all other remedies available to them at law or in equity. 

  

 2 








	 	9.	The obligations set forth in this Agreement shall survive until the earliest of two years from the date of this Agreement or until execution of any agreement between
the Company and you with respect to the Credit Facility or an agreement which contains confidentiality provisions superseding this Agreement. This Agreement shall govern your confidentiality obligations from the date hereof with respect to
Information furnished to you as described above in connection with the Credit Facility, and from the date hereof no prior agreement entered into by you and the Company will apply to such Information. 

  

	 	10.	This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). 

 THIS AGREEMENT IS IN ADDITION TO AND, EXCEPT AS PROVIDED ABOVE, DOES NOT SUPERSEDE THE CONFIDENTIALITY AGREEMENTS CONTAINED IN ANY CREDIT AGREEMENTS OF THE
COMPANY OR ITS AFFILIATES TO WHICH YOU ARE A PARTY. 
 IT IS UNDERSTOOD AND AGREED THAT THE COMPANY, ALTRIA CLIENT SERVICES, [NAME OF LENDER]
AND THEIR RESPECTIVE REPRESENTATIVES MAY RELY ON THIS EXPRESS AGREEMENT. 
 ACCEPTED AND AGREED as of the date written above: 
  

			
	[NAME OF BANK]
		
	By	 	  

		 	Name:
		 	Title:

  

 3