Exhibit 10.10



 Exhibit 10.10 
 CONFIRMATION 
  

			
	Date:	  	July 1, 2008
		
	To:	  	Smithfield Foods, Inc. (“Issuer”)
		
	Telefax No.:	  	(757) 365-3070
		
	Attention:	  	Carey Dubois
		
	From:	  	Citibank, N.A. (“Bank”)
		
	Telefax No.:	  	212-615-8985

 Transaction Reference Number: N/A 
 The purpose of this communication (this “Confirmation”) is to set forth the terms and conditions of the above-referenced Transaction entered into on the Trade Date specified below between you and us.
This Confirmation supplements, forms a part of, and is subject to the Master Terms and Conditions for Warrants Issued by Smithfield Foods, Inc., between Bank and Issuer, dated as of July 1, 2008 and as amended from time to time (the
“Master Confirmation”). 
 1. The definitions and provisions contained in the Definitions (as such term is defined in the
Master Confirmation) and in the Master Confirmation are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern. 
 2. The particular Transaction to which this Confirmation relates shall have the following terms: 
  

			
	Trade Date:	  	July 1, 2008
		
	Effective Date:	  	July 8, 2008
		
	Strike Price:	  	USD30.5375
		
	Premium:	  	USD10,697,232.00 (USD2.08 per Warrant)
		
	Premium Payment Date:	  	The Effective Date
		
	Final Disruption Date:	  	January 8, 2014
		
	Maximum Delivery Amount:	  	8,877,600 shares

  

 1 








 For each Component of the Transaction, the Number of Warrants and Expiration Date are as set forth below. 
  

					
	 Component Number
	  	 Number of Warrants
	  	 Expiration Date

	 1.
	  	85,715	  	10/01/2013
	 2.
	  	85,715	  	10/02/2013
	 3.
	  	85,715	  	10/03/2013
	 4.
	  	85,715	  	10/04/2013
	 5.
	  	85,715	  	10/07/2013
	 6.
	  	85,715	  	10/08/2013
	 7.
	  	85,715	  	10/09/2013
	 8.
	  	85,715	  	10/10/2013
	 9.
	  	85,715	  	10/11/2013
	 10.
	  	85,715	  	10/14/2013
	 11.
	  	85,715	  	10/15/2013
	 12.
	  	85,715	  	10/16/2013
	 13.
	  	85,715	  	10/17/2013
	 14.
	  	85,715	  	10/18/2013
	 15.
	  	85,715	  	10/21/2013
	 16.
	  	85,715	  	10/22/2013
	 17.
	  	85,715	  	10/23/2013
	 18.
	  	85,715	  	10/24/2013
	 19.
	  	85,715	  	10/25/2013
	 20.
	  	85,715	  	10/28/2013
	 21.
	  	85,715	  	10/29/2013
	 22.
	  	85,715	  	10/30/2013
	 23.
	  	85,715	  	10/31/2013
	 24.
	  	85,715	  	11/01/2013
	 25.
	  	85,715	  	11/04/2013
	 26.
	  	85,715	  	11/05/2013
	 27.
	  	85,715	  	11/06/2013
	 28.
	  	85,715	  	11/07/2013
	 29.
	  	85,715	  	11/08/2013
	 30.
	  	85,715	  	11/11/2013
	 31.
	  	85,715	  	11/12/2013
	 32.
	  	85,715	  	11/13/2013
	 33.
	  	85,715	  	11/14/2013
	 34.
	  	85,715	  	11/15/2013
	 35.
	  	85,715	  	11/18/2013
	 36.
	  	85,715	  	11/19/2013
	 37.
	  	85,715	  	11/20/2013
	 38.
	  	85,715	  	11/21/2013
	 39.
	  	85,715	  	11/22/2013
	 40.
	  	85,715	  	11/25/2013
	 41.
	  	85,715	  	11/26/2013
	 42.
	  	85,715	  	11/27/2013
	 43.
	  	85,715	  	11/29/2013
	 44.
	  	85,715	  	12/02/2013
	 45.
	  	85,715	  	12/03/2013
	 46.
	  	85,715	  	12/04/2013
	 47.
	  	85,715	  	12/05/2013
	 48.
	  	85,715	  	12/06/2013
	 49.
	  	85,715	  	12/09/2013
	 50.
	  	85,715	  	12/10/2013
	 51.
	  	85,715	  	12/11/2013

  

 2 









					
	 Component Number
	  	 Number of Warrants
	  	 Expiration Date

	 52.
	  	85,715	  	12/12/2013
	 53.
	  	85,715	  	12/13/2013
	 54.
	  	85,715	  	12/16/2013
	 55.
	  	85,715	  	12/17/2013
	 56.
	  	85,715	  	12/18/2013
	 57.
	  	85,715	  	12/19/2013
	 58.
	  	85,715	  	12/20/2013
	 59.
	  	85,715	  	12/23/2013
	 60.
	  	85,715	  	12/24/2013

 3. This Confirmation may be executed in several counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument. 
 4.
Issuer hereby agrees (a) to check this Confirmation promptly upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing correctly sets forth the terms of the agreement
between us with respect to the particular Transaction to which this Confirmation relates, by manually signing this Confirmation and providing any other information requested herein or in the Master Confirmation and immediately returning an executed
copy to Citibank, N.A. Confirmation Unit via (212) 615-8985. Hard copies should be returned to Citibank, N.A., 333 West 34th Street,
2nd Floor, New York, New York 10001, Attention: Confirmation Unit. 
  


 3 









			
	Yours sincerely,
	
	CITIBANK, N.A.
		
	By:	 	 /s/ Jason Shrednick

	Name:	 	Jason Shrednick
	Title:	 	Authorized Signatory


  

			
	Confirmed as of the
	date first above written:
	
	SMITHFIELD FOODS, INC.
		
	By:	 	 /s/ Carey J. Dubois

	Name:	 	Carey J. Dubois
	Title:	 	Vice President-Finance

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