Document:

a5952468ex10-2.htm

    Exhibit
10.2

     

    SEPARATION
AND DISTRIBUTION AGREEMENT

     

    THIS
SEPARATION AND DISTRIBUTION AGREEMENT (this “Agreement”) is entered into as of
April 21, 2009, between Bio Matrix Scientific Group, Inc., a Delaware
corporation (“BMSN”), and Entest BioMedical, Inc., a California corporation
(“Biomed”).

     

    RECITALS

     

    WHEREAS,
BMSN currently owns 100% of the issued and outstanding stock of
Biomed;

     

    WHEREAS,
Biomed is engaged in on research and development in the areas of diabetes,
regenerative medicine and medical devices (the “Biomed Business”);

     

    WHEREAS,
the Boards of Director of BMSN has determined that it would be appropriate and
desirable for BMSN to distribute, pro rata, to the holders of its stock, all of
the shares of Biomed common stock owned by BMSN (the
“Distribution”);

     

    WHEREAS,
subsequent to the Distribution, and as provided for in this Agreement, Biomed
will be an independent company (the “Separation”);

     

     

    NOW,
THEREFORE, in consideration of the foregoing and the covenants and agreements
set forth below, the parties hereto agree as follows:

     

    1.     SEPARATION

     

    1.1.     Distribution Date.
Unless otherwise provided in this Agreement, or in any agreement to be executed
in connection with this Agreement, the effective time and date of the
Distribution, and each undertaking or agreement in connection therewith shall be
such date as may be fixed by the Board of Directors of BMSN (the “Distribution
Date”).

     

    2.     THE
DISTRIBUTION

     

    2.1.     Delivery of Shares for
Distribution. On or prior to the Distribution Date, BMSN will deliver to
the distribution agent for the Distribution (the “Distribution Agent”) and the
BMSN transfer agent, a single stock certificate, endorsed by BMSN, representing
all of the outstanding shares of stock of Biomed then owned by BMSN. The shares
of Biomed stock represented by said certificate shall be the shares distributed
to the stockholders of BMSN pursuant to the Distribution. BMSN shall cause the
Distribution Agent to distribute on the Distribution Date the appropriate number
of such shares of common stock of Biomed to each shareholder of BMSN as of the
record date of the Distribution to be set by BMSN (“Record Date”).

     

    2.2.     Shares Received. Each
holder of  stock of BMSN on the Record Date  will be
entitled to receive in the Distribution a number of shares of  stock
of Biomed that would be required to be distributed in order that the
distribution may be considered pro rata to all stockholders of BMSN on the
Record Date. The amount of shares issued and outstanding to any individual
shareholders of Biomed holding such shares prior to the Distribution Date shall
not be increased or reduced by the Distribution.

     

    2.3.     Obligation to Provide
Information. Biomed and BMSN, as the case may be, will provide to the
Distribution Agent all share certificates and any information required in order
to complete the Distribution on the basis specified above.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    2.4.     Information Statement,
Required Filings. Prior to the Distribution Date, BMSN and Biomed shall
prepare and mail to the holders of stock of BMSN such information concerning
Biomed and the Distribution and such other matters as BMSN shall reasonably
determine are necessary and as may be required by law. BMSN and/or Biomed will
prepare, and Biomed will, to the extent required under applicable law, file with
the Securities and Exchange Commission any such documentation that BMSN and/or
Biomed determine is necessary or desirable to effectuate the
Distribution.

     

    2.5.     Securities
Laws. BMSN and Biomed shall take all such actions as may be necessary or
appropriate under applicable securities laws in connection with the
Distribution.

    

    2.6.     Conditions. BMSN and
Biomed shall take all reasonable steps necessary and appropriate to cause the
conditions set forth in Section 2.8 to be satisfied and to effect the
Distribution on the Distribution Date. 

     

    2.7.     Sole Discretion of
BMSN. BMSN agrees to use reasonable efforts to complete the Distribution
on or before July 31, 2009. BMSN shall, in its sole and absolute discretion,
determine the date of the consummation of the Distribution, all terms of the
Distribution, and the timing of and conditions to the consummation of the
Distribution. In addition, BMSN may at any time and from time to time until the
completion of the Distribution, modify or change the terms of the Distribution.
Biomed shall cooperate with BMSN in all respects to accomplish the Distribution
and shall, at BMSN’s direction, promptly take any and all actions necessary or
desirable to effect the Distribution.

     

    2.8.     Conditions Precedent to
Distribution. The following are conditions that must take place prior to
the consummation of the Distribution. The conditions are for the sole benefit of
BMSN and shall not give rise to or create any duty on the part of BMSN or the
BMSN Board of Directors to waive or not waive any such condition.

     

    (a)     Required Actions. Any
and all required actions shall have been performed in order that the
Distribution shall be in compliance with applicable law.

     

    (b)     No Legal Restraints.
No order, injunction or decree issued by any court or agency of competent
jurisdiction or other legal restraint or prohibition preventing the
consummation of the Distribution shall be in effect and no other event
outside the control of BMSN shall have occurred or failed to occur that
prevents the consummation of the Distribution.

     

    (c)     No Material Adverse
Effect. No events or developments shall have occurred that, in the
judgment of the Board of Directors of BMSN, would result in the Distribution
having a material adverse effect on BMSN or on the stockholders of
BMSN.

     

    2.9.     Consistency with Past
Practices. At all times, BMSN and Biomed will conduct the Biomed Business
before the Distribution Date in the ordinary course, consistent with past
practices.

     

    

    3.     MISCELLANEOUS

     

    3.1.     Entire Agreement.
This Agreement, constitutes the entire agreement between the parties with
respect to the subject matter hereof and thereof and shall supersede all prior
written and oral and all contemporaneous oral agreements and understandings with
respect to the subject matter hereof and thereof.

     

    3.2.    Applicable
Law. The terms and conditions of this Agreement shall be governed by
and construed in accordance with the laws of the State of California. Any action
to enforce this Agreement shall be brought in the state courts located in San
Diego County, State of California.

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

     

    3.3.     Termination. This
Agreement may be terminated and the Distribution abandoned at any time prior to
the Distribution Date by and in the sole discretion of BMSN without the approval
of Biomed. In the event of termination pursuant to this Section 3.3, no
party shall have any liability of any kind to the other party.

     

    3.4.     Notices. Notices,
offers, requests or other communications required or permitted to be given by
either party pursuant to the terms of this Agreement shall be given in writing
to the respective parties to the following addresses:

     

     

    if to BMSN
:

     

    Bio-Matrix
Scientific Group, Inc.

     

    8130 La
Mesa Blvd #815

     

    La Mesa CA
91941

     

    If to
Biomed:

     

    Entest
Biomedical, Inc.

     

    1010
university Avenue

     

    Suite
40

     

    San Diego,
CA 92103

     

     

    or to such
other address as the party to whom notice is given may have previously furnished
to the other in writing as provided herein. Any notice involving
non-performance, termination, or renewal shall be sent by hand delivery,
recognized overnight courier or, within the United States, may also be sent via
certified mail, return receipt requested. All other notices may also be sent by
fax, confirmed by first class mail. All notices shall be deemed to have been
given and received on the earlier of actual delivery or three (3) days from the
date of postmark.

     

    3.5.     Counterparts. This
Agreement may be executed in counterparts, each of which shall be deemed to be
an original but all of which shall constitute one and the same
agreement.

     

    3.6.     Binding Effect;
Assignment. This Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective legal representatives and
successors, and nothing in this Agreement, express or implied, is intended
to confer upon any other person any rights or remedies of any nature whatsoever
under or by reason of this Agreement. This Agreement may be enforced separately
by BMSN and Biomed. Neither party may assign this Agreement or any rights or
obligations hereunder, without the prior written consent of the other party, and
any such assignment shall be void; provided, however, that this Agreement may be
assigned to any entity which may acquire 100% of the share capital of Biomed
(“Biomed Acquisition Entity”) provided that (i) the Biomed Acquisition Entity is
formed by BMSN and (ii) all share capital of the Biomed Acquisition Entity is
owned by BMSN.

    

    3.7.     Severability. If any
term or other provision of this Agreement is determined by a court,
administrative agency or arbitrator to be invalid, illegal or incapable of being
enforced by any rule of law or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect
so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to either party. Upon
such determination that any term or other provision is invalid, illegal or
incapable of being enforced, the parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the parties
as closely as possible in an acceptable manner to the end that transactions
contemplated hereby are fulfilled to the fullest extent possible.

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

     

    3.8.     Amendment. No change
or amendment will be made to this Agreement except by an instrument in writing
signed on behalf of each of the parties to such agreement.

     

    3.9.     Authority. Each of
the parties hereto represents to the other that (a) it has the corporate or
other requisite power and authority to execute, deliver and perform this
Agreement, (b) the execution, delivery and performance of this Agreement by
it have been duly authorized by all necessary corporate or other actions,
(c) it has duly and validly executed and delivered this Agreement, and (d)
this Agreement is a legal, valid and binding obligation, enforceable
against it in accordance with its terms.

     

    3.10     Third Party
Beneficiaries. This Agreement is intended for the benefit of the parties
hereto and their respective successors and permitted assigns and is not for the
benefit of, nor may any provision hereof be enforced by, any other
person.

     

    WHEREFORE,
the parties have signed this Separation and Distribution Agreement effective as
of the date first set forth above.

     

     

    BMSN

     

     

    By:/s/David
R. Koos

     

    Chairman
and CEO

     

    

     

    Biomed

     

    

     

    By:/s/David
R. Koos

     

    Chairman
and CEO

     

     

     

     

     

    16Exhibit 10.1
    

    
      Execution Version
    

    

    

    
      $1,200,000,000

    

    
      THREE-YEAR
CREDIT AGREEMENT

dated as of
April 29, 2009

H
      J. HEINZ COMPANY
and
H.J. HEINZ FINANCE COMPANY,
Borrowers

and

JPMORGAN
      CHASE BANK, N.A.
Administrative Agent

______________________________________________________________

J.P.
      MORGAN SECURITIES INC.
and
BANC OF AMERICA SECURITIES LLC
Joint
      Lead Arrangers and
Joint Bookrunners

BANK OF AMERICA, N.A.
Syndication
      Agent

BNP PARIBAS
HSBC BANK USA N.A.
INTESA SANPAOLO S.P.A.
PNC
      BANK, NATIONAL ASSOCIATION
BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW
      YORK BRANCH
UBS LOAN FINANCE LLC
Documentation Agents
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      Table of Contents
    

    
      Page
    

    
    	
          Article 1
        
	
          Definitions
        
	
           
        
	
          Section 1.01
        	
           
        	
          Definitions
        	
          1
        
	
           
        
	
          Section 1.02
        	

        	
          Accounting Terms and Determinations
        	
          11
        
	
           
        
	
          Section 1.03
        	

        	
          Types of Borrowings
        	
          12
        
	
           
        
	
          Article 2
        
	
          The Credits
        
	
           
        
	
          Section 2.01
        	

        	
          Commitments to Lend
        	
          12
        
	
           
        
	
          Section 2.02
        	

        	
          Notice of Committed Borrowing
        	
          13
        
	
           
        
	
          Section 2.03
        	

        	
          Competitive Bid Borrowings
        	
          13
        
	
           
        
	
          Section 2.04
        	

        	
          Notice to Banks; Funding of Loans
        	
          17
        
	
           
        
	
          Section 2.05
        	

        	
          Registry; Notes
        	
          18
        
	
           
        
	
          Section 2.06
        	

        	
          Maturity of Loans
        	
          19
        
	
           
        
	
          Section 2.07
        	

        	
          Interest Rates
        	
          19
        
	
           
        
	
          Section 2.08
        	

        	
          Commitment Fee
        	
          22
        
	
           
        
	
          Section 2.09
        	

        	
          Optional Termination or Reduction of Commitments
        	
          22
        
	
           
        
	
          Section 2.10
        	

        	
          Method of Electing Interest Rates
        	
          22
        
	
           
        
	
          Section 2.11
        	

        	
          Optional Prepayments
        	
          24
        
	
           
        
	
          Section 2.12
        	

        	
          General Provisions as to Payments
        	
          25
        
	
           
        
	
          Section 2.13
        	

        	
          Funding Losses
        	
          26
        
	
           
        
	
          Section 2.14
        	

        	
          Computation of Interest and Fees
        	
          26
        
	
           
        
	
          Section 2.15
        	

        	
          Regulation D Compensation
        	
          26
        
	
           
        
	
          Section 2.16
        	

        	
          Determining Dollar Amounts of Alternative Currency Loans; Related
          Mandatory Prepayments
        	
          27
        
	
           
        
	
          Section 2.17
        	

        	
          Additional Reserve Costs
        	
          28
        
	
           
        
	
          Section 2.18
        	

        	
          Change of Control
        	
          28
        
	
           
        
	
          Article 3
        
	
          Conditions
        
	
           
        
	
          Section 3.01
        	

        	
          Effectiveness
        	
          29
        
	
           
        
	
          Section 3.02
        	

        	
          Borrowings
        	
          30
        
	
           
        
	
          Article 4
        
	
          Representations And Warranties
        
	
           
        
	
          Section 4.01
        	

        	
          Corporate Existence and Power
        	
          31
        
	
           
        
	
          Section 4.02
        	

        	
          Corporate and Governmental Authorization; No Contravention
        	
          31
        

    

    
      
        

        

      

      
        
          i
        

        
          

        

      

      
        

        

      

    

    
    	
          Section 4.03
        	
           
        	
          Binding Effect
        	
          31
        
	
           
        
	
          Section 4.04
        	

        	
          Financial Information
        	
          31
        
	
           
        
	
          Section 4.05
        	

        	
          Litigation
        	
          32
        
	
           
        
	
          Section 4.06
        	

        	
          Disclosure
        	
          32
        
	
           
        
	
          Section 4.07
        	

        	
          Investment Company Act
        	
          32
        
	
           
        
	
          Article 5
        
	
          Covenants
        
	
           
        
	
          Section 5.01
        	

        	
          Information
        	
          32
        
	
           
        
	
          Section 5.02
        	

        	
          Conduct of Business and Maintenance of Existence
        	
          34
        
	
           
        
	
          Section 5.03
        	

        	
          Insurance
        	
          34
        
	
           
        
	
          Section 5.04
        	

        	
          Inspection of Property; Books and Records; Discussions
        	
          34
        
	
           
        
	
          Section 5.05
        	

        	
          Compliance with Laws
        	
          34
        
	
           
        
	
          Section 5.06
        	

        	
          Negative Pledge
        	
          34
        
	
           
        
	
          Section 5.07
        	

        	
          Consolidations, Merger and Sales of Assets
        	
          37
        
	
           
        
	
          Section 5.08
        	

        	
          Leverage Ratio
        	
          37
        
	
           
        
	
          Section 5.09
        	

        	
          Use of Proceeds
        	
          38
        
	
           
        
	
          Article 6
        
	
          Defaults
        
	
           
        
	
          Section 6.01
        	

        	
          Events of Default
        	
          38
        
	
           
        
	
          Section 6.02
        	

        	
          Notice of Default
        	
          40
        
	
           
        
	
          Article 7
        
	
          The Administrative Agent
        
	
           
        
	
          Section 7.01
        	

        	
          Appointment and Authorization
        	
          40
        
	
           
        
	
          Section 7.02
        	

        	
          Administrative Agent and Affiliates
        	
          40
        
	
           
        
	
          Section 7.03
        	

        	
          Action by Administrative Agent
        	
          40
        
	
           
        
	
          Section 7.04
        	

        	
          Consultation with Experts
        	
          40
        
	
           
        
	
          Section 7.05
        	

        	
          Liability of Administrative Agent
        	
          40
        
	
           
        
	
          Section 7.06
        	

        	
          Indemnification
        	
          41
        
	
           
        
	
          Section 7.07
        	

        	
          Credit Decision
        	
          41
        
	
           
        
	
          Section 7.08
        	

        	
          Successor Administrative Agent
        	
          41
        
	
           
        
	
          Section 7.09
        	

        	
          Administrative Agent's Fee
        	
          42
        
	
           
        
	
          Section 7.10
        	

        	
          Other Agents
        	
          42
        
	
           
        
	
          Article 8
        
	
          Change in Circumstances
        
	
           
        
	
          Section 8.01
        	

        	
          Inability to Determine Interest Rate
        	
          42
        
	
           
        
	
          Section 8.02
        	

        	
          Illegality
        	
          43
        
	
           
        
	
          Section 8.03
        	

        	
          Increased Cost and Reduced Return
        	
          43
        
	
           
        
	
          Section 8.04
        	

        	
          Taxes
        	
          45
        

    

    
      
        

        

      

      
        
          ii
        

        
          

        

      

      
        

        

      

    

    
    	
          Section 8.05
        	
           
        	
          Base Rate Loans Substituted for Affected Fixed Rate Loans
        	
          46
        
	
           
        
	
          Section 8.06
        	

        	
          Addition, Termination or Substitution of Banks
        	
          47
        
	
           
        
	
          Section 8.07
        	

        	
          Defaulting Banks
        	
          48
        
	
           
        
	
          Article 9
        
	
          Miscellaneous
        
	
           
        
	
          Section 9.01
        	

        	
          Notices
        	
          49
        
	
           
        
	
          Section 9.02
        	

        	
          No Waivers
        	
          50
        
	
           
        
	
          Section 9.03
        	

        	
          Expenses; Indemnification
        	
          50
        
	
           
        
	
          Section 9.04
        	

        	
          Sharing
        	
          51
        
	
           
        
	
          Section 9.05
        	

        	
          Amendments and Waivers
        	
          51
        
	
           
        
	
          Section 9.06
        	

        	
          Successors and Assigns
        	
          52
        
	
           
        
	
          Section 9.07
        	

        	
          Collateral
        	
          53
        
	
           
        
	
          Section 9.08
        	

        	
          Governing Law
        	
          53
        
	
           
        
	
          Section 9.09
        	

        	
          Counterparts; Integration
        	
          53
        
	
           
        
	
          Section 9.10
        	

        	
          Judgment Currency
        	
          54
        
	
           
        
	
          Section 9.11
        	

        	
          USA Patriot Act
        	
          54
        
	
           
        
	
          Section 9.12
        	

        	
          Joint and Several Obligations
        	
          54
        

    

    
    	
          Pricing Schedule
        
	
          Commitment Schedule
        
	
           
        
	
          Exhibit A
        	
          -
        	
          Note
        
	
          Exhibit B
        	
          -
        	
          Competitive Bid Quote Request
        
	
          
            Exhibit C
          

        	
          
            -
          

        	
          
            Invitation for Competitive Bid Quotes
          

        
	
          
            Exhibit D
          

        	
          
            -
          

        	
          
            Competitive Bid Quote
          

        
	
          
            Exhibit E
          

        	
          
            -
          

        	
          
            Opinion of Counsel for the Company
          

        
	
          
            Exhibit F
          

        	
          
            -
          

        	
          
            Opinion of Special Counsel for the Company
          

        
	
          
            Exhibit G
          

        	
          
            -
          

        	
          
            Assignment and Assumption Agreement
          

        
	
          
            Exhibit H
          

        	
          
            -
          

        	
          
            Mandatory Costs Rate
          

        

    

    
      
        

        

      

      
        
          iii
        

        
          

        

      

      
        

        

      

    

    
      THREE-YEAR CREDIT AGREEMENT
    

    
      THREE-YEAR CREDIT AGREEMENT dated as of April 29, 2009 (the “Agreement”)
      among H.J. HEINZ COMPANY, H.J. HEINZ FINANCE COMPANY, the BANKS listed
      on the signature pages hereof and JPMORGAN CHASE BANK, N.A., as
      Administrative Agent.
    

    
      WHEREAS, the Company, Heinz Finance, the banks parties thereto and
      JPMorgan Chase Bank, N.A., as administrative agent, entered into an
      Amended and Restated Five-Year Credit Agreement, dated as of August 4,
      2004 (the “Existing Agreement”);
    

    
      WHEREAS, the Existing Agreement and the commitments thereunder shall
      terminate on August 4, 2009 and the parties hereto desire to refinance
      or replace the commitments thereunder in accordance with the terms and
      conditions of this Agreement;
    

    
      NOW, THEREFORE, the parties hereto agree as follows:
    

    
      ARTICLE 1
DEFINITIONS
    

    
      Section 1.01       Definitions.  The
      following terms, as used herein, have the following meanings:
    

    
      “364-Day Agreement” means the Credit
      Agreement, dated as of April 29, 2009, among the Company, Heinz Finance,
      the bank parties thereto and JPMorgan Chase Bank, N.A., as
      administrative agent.
    

    
      “Absolute Rate Auction” means a solicitation of Competitive
      Bid Quotes setting forth Competitive Bid Absolute Rates pursuant to
      Section 2.03.
    

    
      “Administrative Questionnaire” means, with respect to each
      Bank, an administrative questionnaire in the form prepared by the
      Administrative Agent and submitted to the Administrative Agent (with a
      copy to the Company) duly completed by such Bank.
    

    
      “Administrative Agent” means JPMorgan Chase Bank, N.A. in
      its capacity as Administrative Agent for the Banks hereunder, and its
      successors in such capacity.
    

    
      “Affiliate” means, with reference to any Bank, the Parent
      of such Bank and any majority-owned subsidiary of such Bank or its
      Parent.
    

    
      “Agents” means the Administrative Agent, the Documentation
      Agents and the Syndication Agent.
    

    
      
        

        

      

      
        
          1
        

        
          

        

      

      
        

        

      

    

    
      “Alternative Currency” means Euro or Sterling; provided
      that any other currency (except Dollars) shall also be an Alternative
      Currency if (i) the Company requests, by notice to the Administrative
      Agent, that such currency be included as an additional Alternative
      Currency for purposes of this Agreement, (ii) such currency is freely
      transferable and is freely convertible into Dollars in the London
      foreign exchange market, (iii) deposits in such currency are customarily
      offered to banks in the London interbank market and (iv) every Bank, by
      notice to the Administrative Agent, approves the inclusion of such
      currency as an additional Alternative Currency for purposes hereof.  The
      Banks’ approval of any such additional Alternative Currency may be
      limited to a specified maximum Dollar Amount or a specified period of
      time or both.
    

    
      “Alternative Currency Loan” means a Committed Loan that is
      made in an Alternative Currency pursuant to the applicable Notice of
      Committed Borrowing.
    

    
      “Alternative Currency Sublimit” means a Dollar Amount equal
      to $500,000,000.
    

    
      “Applicable Lending Office” means, with respect to any
      Bank, (i) in the case of its Base Rate Loans, its Domestic Lending
      Office, (ii) in the case of its Euro-Currency Loans, its Euro-Currency
      Lending Office and (iii) in the case of its Competitive Bid Loans, its
      Competitive Bid Lending Office.
    

    
       “Assignee” has the meaning set forth in Section
      9.06(c).
    

    
      “Bank” means each bank listed on the signature pages
      hereof, each Person which becomes a Bank pursuant to Section 8.06 or
      9.06(c), and their respective successors.
    

    
      “Base Rate” means for any day, a rate per annum equal to
      the highest of (i) the Prime Rate for such day, (ii) the sum of 1⁄2 of 1%
      plus the Federal Funds Rate for such day and (iii) the London Interbank
      Offered Rate for a Euro-Dollar Loan with a one month Interest Period on
      such day, or if such day is not a Euro-Dollar Business Day, the
      immediately preceding Euro-Dollar Business Day, plus 1.0%.
    

    
      “Base Rate Loan” means (i) a Committed Loan which bears
      interest at the Base Rate pursuant to the applicable Notice of Committed
      Borrowing or Notice of Interest Rate Election or the provisions of
      Article 8 or (ii) an overdue amount which was a Base Rate Loan
      immediately before it became overdue.
    

    
      “Borrowers” means the Company and Heinz Finance and “Borrower”
      means either of them, as the context may require.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      “Borrowing” has the meaning set forth in Section1.03.
    

    
      “Commitment” means (i) with respect to each Bank listed on
      the Commitment Schedule, the amount set forth opposite such Bank’s name
      on the Commitment Schedule, (ii) with respect to each additional bank
      which becomes a Bank pursuant to Section 8.06, the amount of the
      Commitment thereby assumed by it or (iii) with respect to any Assignee,
      the amount of the transferor Bank’s Commitment assigned to such Assignee
      pursuant to Section 9.06, in each case as such amount may be reduced
      from time to time pursuant to Section 2.09 or Section 8.06, increased
      from time to time pursuant to Section 8.06 or changed as a result of an
      assignment pursuant to Section 9.06Section 9.06.
    

    
      “Commitment Schedule” means the Commitment Schedule
      attached hereto.
    

    
      “Committed Loan” means a loan made by a Bank pursuant to
      Section 2.01; provided that, if any such loan or loans (or
      portions thereof) are combined or subdivided pursuant to a Notice of
      Interest Rate Election, the term “Committed Loan” shall
      refer to the combined principal amount resulting from such combination
      or to each of the separate principal amounts resulting from such
      subdivision, as the case may be.
    

    
      “Company” means H.J. Heinz Company, a Pennsylvania
      corporation, and its successors.
    

    
      “Company’s 2008 Form 10-K” means the Company’s Annual
      Report on Form 10-K for the fiscal year ended April 30, 2008, as filed
      with the Securities and Exchange Commission pursuant to the Securities
      Exchange Act of 1934, as amended.
    

    
      “Competitive Bid Absolute Rate” has the meaning set forth
      in Section 2.03(d).
    

    
      “Competitive Bid Absolute Rate Loan” means a loan made or
      to be made by a Bank pursuant to an Absolute Rate Auction.
    

    
      “Competitive Bid Lending Office” means, as to each Bank,
      its Domestic Lending Office or such other office, branch or affiliate of
      such Bank as it may hereafter designate as its Competitive Bid Lending
      Office by notice to the Company and the Administrative Agent; provided
      that any Bank may from time to time by notice to the Company and the
      Administrative Agent designate separate Competitive Bid Lending Offices
      for its Competitive Bid LIBOR Loans, on the one hand, and its
      Competitive Bid Absolute Rate Loans, on the other hand, in which case
      all references herein to the Competitive Bid Lending Office of such Bank
      shall be deemed to refer to either or both of such offices, as the
      context may require.
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      “Competitive Bid LIBOR Loan” means a loan made or to be
      made by a Bank pursuant to a LIBOR Auction (including such a loan
      bearing interest at the Base Rate pursuant to Section 8.01).
    

    
      “Competitive Bid Loan” means a Competitive Bid LIBOR Loan
      or a Competitive Bid Absolute Rate Loan.
    

    
      “Competitive Bid Margin” has the meaning set forth in
      Section 2.03(d).
    

    
      “Competitive Bid Quote” means an offer by a Bank to make a
      Competitive Bid Loan in accordance withSection 2.03 Section 2.03.
    

    
      “Confidential Information Memorandum” means the
      Confidential Information Memorandum dated April 6, 2009 relating to the
      Borrowers and this Agreement and the 364-Day Agreement.
    

    
      “Consolidated EBITDA” for any period means Consolidated Net
      Income of the Company and its Subsidiaries for such period, excluding,
      to the extent included in determining such Consolidated Net Income,
      extraordinary items, non-cash restructuring charges (excluding any
      accrual of or a reserve for cash payments to be made in any future
      period, to the extent of such cash payments), losses from asset
      impairments, gains or losses resulting from the sale of assets not in
      the ordinary course of business, currency translation gains and losses
      related to currency remeasurements of indebtedness and unrealized gains
      or losses resulting from application of FAS No. 133, plus, without
      duplication and to the extent deducted in determining such Consolidated
      Net Income, the sum of: (i) net interest expense for such period; (ii)
      income tax expense for such period; and (iii) depreciation and
      amortization for such period, all determined on a consolidated basis for
      each such item in accordance with generally accepted accounting
      principles.
    

    
      “Consolidated Net Assets” means total assets after
      deducting therefrom all current liabilities as set forth on the most
      recent balance sheet of the Company and its Subsidiaries and computed in
      accordance with generally accepted accounting principles.
    

    
      “Consolidated Net Income” for any period means the
      consolidated net income (or loss) of the Company and its Subsidiaries
      for such period, determined on a consolidated basis in accordance with
      generally accepted accounting principles; provided that there
      shall be excluded the income (or deficit) of any Person accrued prior to
      the date it becomes a Subsidiary of the Company or is merged into or
      consolidated with the Company.
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      “Consolidated Total Debt” means, at any date, the aggregate
      principal amount of all Debt of the Company and its Subsidiaries at such
      date and any other liabilities accounted for as “debt”, determined on a
      consolidated basis in accordance with generally accepted accounting
      principles, except that Consolidated Total Debt shall not reflect any
      increase or decrease to Debt or other such liability in accordance with
      FAS No. 133.
    

    
      “Debt” has the meaning set forth in Section 5.06.
    

    
      “Default” means any condition or event which constitutes an
      Event of Default or which with the giving of notice or lapse of time or
      both would, unless cured or waived, become an Event of Default.
    

    
      “Defaulting Bank” means any Bank, as determined by the
      Administrative Agent, that has (a) failed to fund any portion of its
      Loans within three Business Days of the date required to be funded by it
      hereunder, (b) notified the Company or Heinz Finance or the
      Administrative Agent that it does not intend to comply with its
      obligations under this Agreement, (c) failed, within three Domestic
      Business Days after request by the Administrative Agent, to confirm that
      it will comply with the terms of this Agreement relating to its
      obligations to fund prospective Loans or (d) otherwise failed to pay
      over to the Administrative Agent or any other Bank any other amount
      required to be paid by it hereunder within three Domestic Business Days
      of the date when due, in each case under paragraphs (a) through (d),
      unless the subject of a good faith dispute.
    

    
      “Documentation Agent” means each of BNP Paribas, HSBC Bank
      USA N.A., Intesa Sanpaolo S.p.A., PNC Bank, National Association, Bank
      of Tokyo-Mitsubishi UFJ, Ltd., New York Branch and UBS Loan Finance LLC,
      in its capacity as a documentation agent in connection with the credit
      facility provided under this Agreement.
    

    
      “Dollar Amount” means, at any time:
    

    
      (i)                          with respect to any Dollar-Denominated
      Loan, the principal amount thereof then outstanding; and
    

    
      (ii)                         with respect to any Alternative Currency
      Loan, the principal amount thereof then outstanding in the relevant
      Alternative Currency, converted to Dollars at the Spot Rate most
      recently used by the Administrative Agent to determine or redetermine
      the Dollar Amount of such Loan pursuant to Section 2.16(a).
    

    
      “Dollar-Denominated Loan” means a Loan that is made in
      Dollars pursuant to the applicable Notice of Borrowing.
    

    
      
        

        

      

      
        
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      “Dollars” and the sign “$” mean lawful
      currency of the United States.
    

    
      “Domestic Business Day” means any day except a Saturday,
      Sunday or other day on which commercial banks in New York City are
      authorized by law to close.
    

    
      “Domestic Lending Office” means, as to each Bank, its
      office located at its address set forth in its Administrative
      Questionnaire (or identified in its Administrative Questionnaire as its
      Domestic Lending Office) or such other office as such Bank may hereafter
      designate as its Domestic Lending Office by notice to the Company and
      the Administrative Agent.
    

    
      “Effective Date” means the date this Agreement becomes
      effective in accordance with Section 3.01.
    

    
      “ERISA” means the Employee Retirement Income Security Act
      of 1974, as amended, or any successor statute.
    

    
      “Euro” means the single currency of the Participating
      Member States.
    

    
      “Euro-Currency Business Day” means a Euro-Dollar Business
      Day, unless such term is used in connection with an Alternative Currency
      Borrowing or Alternative Currency Loan, in which case such day shall
      only be a Euro-Currency Business Day if commercial banks are open for
      international business (including dealings in deposits in such
      Alternative Currency) in both London and the place designated by the
      Administrative Agent for funds to be paid or made available in such
      Alternative Currency.
    

    
      “Euro-Currency Loan” means either a Euro-Dollar Loan or an
      Alternative Currency Loan.
    

    
      “Euro-Currency Lending Office” means, as to each Bank, its
      office, branch or affiliate located at its address set forth in its
      Administrative Questionnaire (or identified in its Administrative
      Questionnaire as its Euro-Currency Lending Office) or such other office,
      branch or affiliate of such Bank as it may hereafter designate as its
      Euro-Currency Lending Office by notice to the Company and the
      Administrative Agent; provided that any Bank may from time to
      time by notice to the Company and the Administrative Agent designate
      separate Euro-Currency Lending Offices for its Loans in different
      currencies, in which case all references herein to the Euro-Currency
      Lending Office of such Bank shall be deemed to refer to any or all of
      such offices, as the context may require.
    

    
       “Euro-Currency Rate” means a rate of interest
      determined pursuant to Section 2.07(b) on the basis of a London
      Interbank Offered Rate.
    

    
      
        

        

      

      
        
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      “Euro-Currency Reserve Percentage” has the meaning set
      forth in Section 2.15.
    

    
      “Euro-Dollar Business Day” means any Domestic Business Day
      on which commercial banks are open for international business (including
      dealings in Dollar deposits) in London.
    

    
      “Euro-Dollar Loan” means (i) a Dollar-Denominated Committed
      Loan which bears interest at a Euro-Currency Rate pursuant to the
      applicable Notice of Committed Borrowing or Notice of Interest Rate
      Election or (ii) an overdue amount which was a Euro-Dollar Loan
      immediately before it became overdue.
    

    
      “Event of Default” has the meaning set forth in Section
      6.01.
    

    
      “Existing Agreement” has the meaning set forth in the
      Recitals.
    

    
      “Federal Funds Rate” means, for any day, the rate per annum
      (rounded upward, if necessary, to the nearest 1/100th of 1%) equal to
      the weighted average of the rates on overnight Federal funds
      transactions with members of the Federal Reserve System arranged by
      Federal funds brokers on such day, as published by the Federal Reserve
      Bank of New York on the Domestic Business Day next succeeding such day; provided
      that (i) if such day is not a Domestic Business Day, the Federal Funds
      Rate for such day shall be such rate on such transactions on the next
      preceding Domestic Business Day as so published on the next succeeding
      Domestic Business Day, and (ii) if no such rate is so published on such
      next succeeding Domestic Business Day, the Federal Funds Rate for such
      day shall be the average rate quoted to JPMorgan Chase Bank, N.A. on
      such day on such transactions as determined by the Administrative Agent.
    

    
      “Financing Documents” means this Agreement and the Notes.
    

    
      “Fixed Rate Loans” means Euro-Currency Loans or Competitive
      Bid Loans (excluding Competitive Bid LIBOR Loans bearing interest at the
      Base Rate pursuant to Section 8.01) or any combination of the foregoing.
    

    
      “Group of Loans” means at any time a group of Loans
      consisting of (i) all Committed Loans which are Base Rate Loans at such
      time or (ii) all Committed Loans which are Fixed Rate Loans of the same
      type having the same Interest Period at such time; provided that,
      if a Committed Loan of any particular Bank is converted to or made as a
      Base Rate Loan pursuant to Section 8.02 or 8.05 such Loan shall be
      included in the same Group or Groups of Loans from time to time as it
      would have been in if it had not been so converted or made.
    

    
      “Heinz Finance” means H.J. Heinz Finance Company, a
      Delaware corporation, and its successors.
    

    
      
        

        

      

      
        
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      “Indemnitee” has the meaning set forth in Section 9.03(b).
    

    
      “Interest Period” means: (1) with respect to each
      Euro-Currency Loan, a period commencing on the date of borrowing
      specified in the applicable Notice of Borrowing or on the date specified
      in the applicable Notice of Interest Rate Election and ending one, two,
      three or six months thereafter, or such other period as agreed between
      the applicable Borrower and the Banks, as the relevant Borrower may
      elect in the applicable notice; provided that:
    

    
      (a)                          any Interest Period which would otherwise
      end on a day which is not a Euro-Currency Business Day shall, subject to
      clause (c) below, be extended to the next succeeding Euro-Currency
      Business Day unless such Euro-Currency Business Day falls in another
      calendar month, in which case such Interest Period shall end on the next
      preceding Euro-Currency Business Day;
    

    
      (b)                          any Interest Period which begins on the
      last Euro-Currency Business Day of a calendar month (or on a day for
      which there is no numerically corresponding day in the calendar month at
      the end of such Interest Period) shall, subject to clause (c) below, end
      on the last Euro-Currency Business Day of a calendar month; and
    

    
      (c)                          any Interest Period which would otherwise
      end after the Termination Date shall end on the Termination Date.
    

    
      (2)       with respect to each Competitive Bid LIBOR Loan, the period
      commencing on the date of borrowing specified in the applicable Notice
      of Borrowing and ending such whole number of months thereafter as the
      relevant Borrower may elect in accordance with Section 2.03; provided
      that:
    

    
      (a)                          any Interest Period which would otherwise
      end on a day which is not a Euro-Dollar Business Day shall be extended
      to the next succeeding Euro-Dollar Business Day unless such Euro-Dollar
      Business Day falls in another calendar month, in which case such
      Interest Period shall, subject to clause (c) below, end on the next
      preceding Euro-Dollar Business Day;
    

    
      (b)                          any Interest Period which begins on the
      last Euro-Dollar Business Day of a calendar month (or on a day for which
      there is no numerically corresponding day in the calendar month at the
      end of such Interest Period) shall, subject to clause (c) below, end on
      the last Euro-Dollar Business Day of a calendar month; and
    

    
      (c)                          any Interest Period which would otherwise
      end after the Termination Date shall end on the Termination Date.
    

    
      
        

        

      

      
        
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      (3)       with respect to each Competitive Bid Absolute Rate Loan, the
      period commencing on the date of borrowing specified in the applicable
      Notice of Borrowing and ending such number of days thereafter (but not
      less than 7 days) as the relevant Borrower may elect in accordance with
      Section 2.03; provided that:
    

    
      (d)                          any Interest Period which would otherwise
      end on a day which is not a Euro-Dollar Business Day shall, subject to
      clause (b) below, be extended to the next succeeding Euro-Dollar
      Business Day; and
    

    
      (e)                          any Interest Period which would otherwise
      end after the Termination Date shall end on the Termination Date.
    

    
      “Leverage Ratio” means, at any date of determination, the
      ratio of (i) Consolidated Total Debt determined as of such date of
      determination to (ii) Consolidated EBITDA determined for the period of
      four consecutive fiscal quarters ended on or most recently prior to the
      date of such determination.
    

    
      “LIBOR Auction” means a solicitation of Competitive Bid
      Quotes setting forth Competitive Bid Margins based on the London
      Interbank Offered Rate pursuant to Section 2.03.
    

    
      “Loan” means a Committed Loan or a Competitive Bid Loan and
      “Loans” means Committed Loans or Competitive Bid Loans or
      any combination of the foregoing.
    

    
      “London Interbank Offered Rate” has the meaning set forth
      in Section 2.07(b).
    

    
      “London Office” means the office of the Administrative
      Agent identified on the signature pages hereof as its London office, or
      such other office of the Administrative Agent as it may specify for such
      purpose by notice to the other parties hereto.
    

    
      “Material Debt” means Debt (other than the Loans) of the
      Company or a Material Subsidiary, arising in one or more related or
      unrelated transactions, in an aggregate principal amount exceeding
      $100,000,000.
    

    
      “Material Subsidiary” means Heinz Finance or any other
      Subsidiary having consolidated assets equal to 10% or more of the “Total
      Assets” shown on the Company’s consolidated balance sheet as of the
      end of its most recently completed fiscal year.
    

    
      “Mortgage” means a mortgage, pledge or lien.
    

    
      
        

        

      

      
        
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      “New York Office” means the office of the Administrative
      Agent identified on the signature pages hereof as its New York office,
      or such other office of the Administrative Agent as it may specify for
      such purpose by notice to the other parties hereto.
    

    
      “Notes” means promissory notes of a Borrower, substantially
      in the form of Exhibit A hereto, evidencing the obligation of such
      Borrower to repay the Loans, and “Note” means any one of
      such promissory notes (if any) issued hereunder.
    

    
      “Notice of Borrowing” means a Notice of Committed Borrowing
      (as defined in Section 2.02) or a Notice of Competitive Bid Borrowing
      (as defined in Section 2.03(f)).
    

    
      “Notice of Interest Rate Election” has the meaning set
      forth in Section 2.10.
    

    
      “Obligations” has the meaning set forth in Section 9.12.
    

    
      “Parent” means, with respect to any Bank, any Person
      controlling such Bank.
    

    
      “Participant” has the meaning set forth in Section 9.06(b).
    

    
      “Participating Member States” means those members of the
      European Union from time to time which adopt a single, shared currency.
    

    
      “Person” means an individual, a corporation, a partnership,
      an association, a trust or any other entity or organization, including a
      government or political subdivision or an agency or instrumentality
      thereof.
    

    
      “Pricing Schedule” means the Schedule attached hereto
      identified as such.
    

    
      “Prime Rate” means the rate of interest publicly announced
      by JPMorgan Chase Bank, N.A.  in New York City from time to time as its
      Prime Rate.
    

    
      “Quarterly Date” means the last Euro-Dollar Business Day of
      each February, May, August, and November.
    

    
      “Reference Banks” means the principal London offices of
      JPMorgan Chase Bank, N.A. and Bank of America, N.A., and “Reference
      Bank” means any one of such Reference Banks.
    

    
      
        

        

      

      
        
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      “Regulation U” means Regulation U of the Board of Governors
      of the Federal Reserve System, as in effect from time to time.
    

    
      “Regulation X” means Regulation X of the Board of Governors
      of the Federal Reserve System, as in effect from time to time.
    

    
      “Required Banks” means at any time Banks having more than
      50% of the aggregate amount of the Commitments or, if the Commitments
      shall have been terminated, holding more than 50% of the aggregate
      unpaid principal amount of the Loans.
    

    
      “Screen” has the meaning set forth in Section 2.07.
    

    
      “Spot Rate” means, for any Alternative Currency on any day,
      the average of the Administrative Agent’s spot buying and selling rates
      for the exchange of such Alternative Currency and Dollars as of
      approximately 11:00 A.M. (London time) on such day.
    

    
      “Sterling” means the lawful currency of the United Kingdom.
    

    
      “Sterling Loan” means a Committed Loan that is made in
      Sterling pursuant to the applicable Notice of Committed Borrowing.
    

    
      “Subsidiary” means any corporation or other entity of which
      securities or other ownership interests having ordinary voting power to
      elect a majority of the board of directors or other persons performing
      similar functions are at the time of determination owned, directly or
      indirectly, by the Company and/or one or more other Subsidiaries.
    

    
      “Syndication Agent” means Bank of America, N.A., in its
      capacity as syndication agent in connection with the credit facility
      provided under this Agreement.
    

    
      “Termination Date” means April 29, 2012 (or if such date is
      not a Euro-Dollar Business Day, the next preceding Euro-Dollar Business
      Day).
    

    
      “United States” means the United States of America,
      including the States and the District of Columbia, but excluding its
      territories and possessions.
    

    
      Section 1.02       Accounting
      Terms and Determinations.  Unless otherwise specified herein, all
      terms of an accounting or financial nature shall be construed, all
      accounting determinations hereunder shall be made, and all financial
      statements required to be delivered hereunder shall be prepared in
      accordance with generally accepted accounting principles as in effect
      from time to time, applied on a basis consistent (except for changes
      concurred in by the Company’s public accountants) with the most recent
      audited consolidated financial statements of the Company and its
      Subsidiaries delivered to the Banks.  Notwithstanding any other
      provision contained herein, all terms of an accounting or financial
      nature used herein shall be construed, and all computations of amounts
      and ratios referred to herein shall be made, without giving effect to
      any election under Statement of Financial Accounting Standards 159 (or
      any other Financial Accounting Standard having a similar result or
      effect) to value any Debt or other liabilities of the Borrowers or any
      Subsidiary at “fair value”, as defined therein.
    

    
      
        

        

      

      
        
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      Section 1.03       Types of
      Borrowings.  The term “Borrowing” denotes the
      aggregation of Loans of one or more Banks to be made to the same
      Borrower pursuant to Article 2 on the same date, all of which Loans are
      of the same type (subject to Article 8) and, except in the case of Base
      Rate Loans, have the same Interest Period or initial Interest
      Period.  Borrowings are classified for purposes of this Agreement either
      by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Dollar
      Borrowing” is a Borrowing comprised of Euro-Dollar Loans) or by
      reference to the provisions of Article 2 under which participation
      therein is determined (i.e., a “Committed Borrowing” is a
      Borrowing under Section 2.01 in which all Banks participate in
      proportion to their Commitments, while a “Competitive Bid
      Borrowing” is a Borrowing under Section 2.03 in which the Bank
      participants are determined on the basis of their bids in accordance
      therewith).
    

    
      ARTICLE 2
THE CREDITS
    

    
      Section 2.01       Commitments to
      Lend.  From time to time prior to the Termination Date, each Bank
      severally agrees, on the terms and conditions set forth in this
      Agreement, to make Loans (which may be denominated in Dollars or any
      Alternative Currency as the Borrower elects pursuant to Section 2.02) to
      the Borrowers pursuant to this Section from time to time in amounts such
      that (i) the aggregate principal amount of Committed Loans by such Bank
      at any one time outstanding shall not exceed the amount of its
      Commitment and (ii) the aggregate Dollar Amount of Alternative Currency
      Loans shall not exceed the Alternative Currency Sublimit.  Each
      Borrowing under this Section shall be in an aggregate principal Dollar
      Amount of $25,000,000 or any larger multiple of $5,000,000 (except that
      any such Borrowing may be in the aggregate Dollar Amount available in
      accordance with Section 3.02(b)) and shall be made from the several
      Banks ratably in proportion to their respective Commitments.  Within the
      foregoing limits, the Borrowers may borrow under this Section, prepay
      Loans to the extent permitted by Section 2.11 and reborrow at any time
      prior to the Termination Date under this Section.  The Commitments shall
      terminate at the close of business on the Termination Date.
    

    
      
        

        

      

      
        
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      Section 2.02       Notice of
      Committed Borrowing.  The relevant Borrower shall give the
      Administrative Agent notice (a “Notice of Committed Borrowing”)
      (1) at its New York Office not later than 10:30 A.M. (New York City
      time) on (y) the date of each Borrowing of a Base Rate Loan and (z) the
      third Euro-Dollar Business Day before each Euro-Dollar Borrowing and (2)
      at its London Office not later than 11:00 A.M. (London time), with a
      copy sent to its New York Office, on the third Euro-Currency Business
      Day before each Borrowing of Alternative Currency Loans, specifying:
    

    
      (a)                          the date of such Borrowing, which shall be
      a Domestic Business Day in the case of a Domestic Borrowing or a
      Euro-Currency Business Day in the case of a Euro-Currency Borrowing,
    

    
      (b)                          the currency and aggregate amount in such
      currency of such Borrowing,
    

    
      (c)                          whether the Loans comprising such Borrowing
      are to bear interest initially at the Base Rate or at a Euro-Currency
      Rate, and
    

    
      (d)                          in the case of a Borrowing of a Fixed Rate
      Loan, the duration of the initial Interest Period applicable thereto,
      subject to the provisions of the definition of Interest Period.
    

    
      Section 2.03       Competitive Bid
      Borrowings.
    

    
      (a)                The Competitive Bid Option.  In addition to Committed
      Loans pursuant to Section 2.01, a Borrower may, as set forth in this
      Section, request the Banks from time to time prior to the Termination
      Date to make offers to make Competitive Bid Loans to such Borrower.  The
      Banks may, but shall have no obligation to, make such offers and the
      relevant Borrower may, but shall have no obligation to, accept any such
      offers in the manner set forth in this Section.
    

    
      (b)                Competitive Bid Quote Request.  When a Borrower
      wishes to request offers to make Competitive Bid Loans under this
      Section, it shall transmit to the Administrative Agent by telex or
      facsimile transmission or electronic mail a Competitive Bid Quote
      Request substantially in the form of Exhibit B hereto so as to be
      received no later than (x) 9:00 A.M. (New York City time) on the third
      Euro-Dollar Business Day prior to the date of Borrowing proposed
      therein, in the case of a LIBOR Auction or (y) 10:30 A.M. (New York City
      time) on the Domestic Business Day next preceding the date of Borrowing
      proposed therein, in the case of an Absolute Rate Auction (or, in either
      case, such other time or date as the relevant Borrower and the
      Administrative Agent shall have mutually agreed and shall have notified
      to the Banks not later than the date of the Competitive Bid Quote
      Request for the first LIBOR Auction or Absolute Rate Auction for which
      such change is to be effective) specifying:
    

    
      
        

        

      

      
        
          13
        

        
          

        

      

      
        

        

      

    

    
      (i)                          the proposed date of Borrowing, which shall
      be a Euro-Dollar Business Day in the case of a LIBOR Auction or a
      Domestic Business Day in the case of an Absolute Rate Auction,
    

    
      (ii)                         the aggregate amount of such Borrowing,
      which shall be $25,000,000 or a larger multiple of $5,000,000,
    

    
      (iii)                        the duration of the Interest Period
      applicable thereto, subject to the provisions of the definition of
      Interest Period, and
    

    
      (iv)                         whether the Competitive Bid Quotes
      requested are to set forth a Competitive Bid Margin or a Competitive Bid
      Absolute Rate.
    

    
      A Borrower may request offers to make Competitive Bid Loans for more
      than one Interest Period in a single Competitive Bid Quote Request.  
    

    
      (c)                Invitation for Competitive Bid Quotes.  Promptly upon
      receipt of a Competitive Bid Quote Request, the Administrative Agent
      shall send to the Banks by telex or facsimile transmission or electronic
      mail an Invitation for Competitive Bid Quotes substantially in the form
      of Exhibit C hereto, which shall constitute an invitation by the
      relevant Borrower to each Bank to submit Competitive Bid Quotes offering
      to make the Competitive Bid Loans to which such Competitive Bid Quote
      Request relates in accordance with this Section.
    

    
      (d)                Submission and Contents of Competitive Bid
      Quotes.   (i)  Each Bank may submit a Competitive Bid Quote containing
      an offer or offers to make Competitive Bid Loans in response to any
      Invitation for Competitive Bid Quotes.  Each Competitive Bid Quote must
      comply with the requirements of this subsection (d) and must be
      submitted to the Administrative Agent by telex or facsimile transmission
      or electronic mail at its offices specified in or pursuant to Section
      9.01 not later than (x) 12:30 P.M. (New York City time) on the third
      Euro-Dollar Business Day prior to the proposed date of Borrowing, in the
      case of a LIBOR Auction or (y) 9:30 A.M. (New York City time) on the
      proposed date of Borrowing, in the case of an Absolute Rate Auction (or,
      in either case, such other time or date as the relevant Borrower and the
      Administrative Agent shall have mutually agreed and shall have notified
      to the Banks not later than the date of the Competitive Bid Quote
      Request for the first LIBOR Auction or Absolute Rate Auction for which
      such change is to be effective); provided that Competitive Bid
      Quotes submitted by the Administrative Agent (or any affiliate of the
      Administrative Agent) in the capacity of a Bank may be submitted, and
      may only be submitted, if the Administrative Agent or such affiliate
      notifies the relevant Borrower of the terms of the offer or offers
      contained therein not later than (x) one hour prior to the deadline for
      the other Banks, in the case of a LIBOR Auction or (y) 15 minutes prior
      to the deadline for the other Banks, in the case of an Absolute Rate
      Auction.  Subject to Articles 3 and 6, any Competitive Bid Quote so made
      shall be irrevocable except with the written consent of the
      Administrative Agent given on the instructions of the relevant Borrower.
    

    
      
        

        

      

      
        
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      (ii)                         Each Competitive Bid Quote shall be in
      substantially the form of Exhibit D hereto and shall in any case specify:
    

    
      (A)                                    the proposed date of Borrowing,
    

    
      (B)                                    the principal amount of the
      Competitive Bid Loan for which each such offer is being made, which
      principal amount (w) may be greater than or less than the Commitment of
      the quoting Bank, (x) must be $5,000,000 or a larger multiple of
      $1,000,000, (y) may not exceed the principal amount of Competitive Bid
      Loans for which offers were requested and (z) may be subject to an
      aggregate limitation as to the principal amount of Competitive Bid Loans
      for which offers being made by such quoting Bank may be accepted,
    

    
      (C)                                    in the case of a LIBOR Auction,
      the margin above or below the applicable London Interbank Offered Rate
      (the “Competitive Bid Margin”) offered for each such
      Competitive Bid Loan, expressed as a percentage (specified to the
      nearest 1/10,000th of 1%) to be added to or subtracted from such base
      rate,
    

    
      (D)                                    in the case of an Absolute Rate
      Auction, the rate of interest per annum (specified to the nearest
      1/10,000th of 1%) (the “Competitive Bid Absolute Rate”)
      offered for each such Competitive Bid Loan, and
    

    
      (E)                                    the identity of the quoting Bank.
    

    
      A Competitive Bid Quote may set forth up to five separate offers by the
      quoting Bank with respect to each Interest Period specified in the
      related Invitation for Competitive Bid Quotes.
    

    
      (iii)                        Any Competitive Bid Quote shall be
      disregarded if it:
    

    
      (A)                                    is not substantially in
      conformity with Exhibit D hereto or does not specify all of the
      information required by subsection (d)(ii);
    

    
      (B)                                    contains qualifying, conditional
      or similar language;
    

    
      (C)                                    proposes terms other than or in
      addition to those set forth in the applicable Invitation for Competitive
      Bid Quotes; or
    

    
      (D)                                    arrives after the time set forth
      in subsection (d)(i).
    

    
      
        

        

      

      
        
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      (e)                Notice to Borrower.  The Administrative Agent shall
      promptly, and in any event not less than 30 minutes before the relevant
      Borrower would be required to give notice pursuant to subsection (f),
      notify such Borrower of the terms (x) of any Competitive Bid Quote
      submitted by a Bank that is in accordance with subsection (d) and (y) of
      any Competitive Bid Quote that amends, modifies or is otherwise
      inconsistent with a previous Competitive Bid Quote submitted by such
      Bank with respect to the same Competitive Bid Quote Request.  Any such
      subsequent Competitive Bid Quote shall be disregarded by the
      Administrative Agent unless such subsequent Competitive Bid Quote is
      submitted solely to correct a manifest error in such former Competitive
      Bid Quote.  The Administrative Agent’s notice to such Borrower shall
      specify (A) the aggregate principal amount of Competitive Bid Loans for
      which offers have been received for each Interest Period specified in
      the related Competitive Bid Quote Request, (B) the respective principal
      amounts and Competitive Bid Margins or Competitive Bid Absolute Rates,
      as the case may be, so offered and (C) if applicable, limitations on the
      aggregate principal amount of Competitive Bid Loans for which offers in
      any single Competitive Bid Quote may be accepted.
    

    
      (f)                Acceptance and Notice by Borrower.  Not later than
      (x) 1:30 P.M. (New York City time) on the third Euro-Dollar Business Day
      prior to the proposed date of Borrowing, in the case of a LIBOR Auction
      or (y) 10:30 A.M. (New York City time) on the proposed date of
      Borrowing, in the case of an Absolute Rate Auction (or, in either case,
      such other time or date as the relevant Borrower and the Administrative
      Agent shall have mutually agreed and shall have notified to the Banks
      not later than the date of the Competitive Bid Quote Request for the
      first LIBOR Auction or Absolute Rate Auction for which such change is to
      be effective), such Borrower shall notify the Administrative Agent of
      its acceptance or non-acceptance of the offers so notified to it
      pursuant to subsection (e).  In the case of acceptance, such notice (a “Notice
      of Competitive Bid Borrowing”) shall specify the aggregate principal
      amount of offers for each Interest Period that are accepted.  Such
      Borrower may accept any Competitive Bid Quote in whole or in part; provided
      that:
    

    
      (i)                          the aggregate principal amount of each
      Competitive Bid Borrowing may not exceed the applicable amount set forth
      in the related Competitive Bid Quote Request,
    

    
      (ii)                         the principal amount of each Competitive
      Bid Borrowing must be $25,000,000 or a larger multiple of $5,000,000,
    

    
      
        

        

      

      
        
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      (iii)                        acceptance of offers may only be made on
      the basis of ascending Competitive Bid Margins or Competitive Bid
      Absolute Rates, as the case may be, and
    

    
      (iv)                         such Borrower may not accept any offer that
      is described in subsection (d)(iii) or that otherwise fails to comply
      with the requirements of this Agreement.
    

    
      (g)                Allocation by Administrative Agent.  If offers are
      made by two or more Banks with the same Competitive Bid Margins or
      Competitive Bid Absolute Rates, as the case may be, for a greater
      aggregate principal amount than the amount in respect of which such
      offers are accepted for the related Interest Period, the principal
      amount of Competitive Bid Loans in respect of which such offers are
      accepted shall be allocated by the Administrative Agent among such Banks
      as nearly as possible (in multiples of $1,000,000, as the Administrative
      Agent may deem appropriate) in proportion to the aggregate principal
      amounts of such offers.  Determinations by the Administrative Agent of
      the amounts of Competitive Bid Loans shall be conclusive in the absence
      of manifest error.
    

    
      Section 2.04       Notice to
      Banks; Funding of Loans.  
    

    
      (a)                Upon receipt of a Notice of Borrowing, the
      Administrative Agent shall promptly notify each Bank of the contents
      thereof and of such Bank’s share (if any) of such Borrowing and such
      Notice of Borrowing shall not thereafter be revocable by the relevant
      Borrower.
    

    
      (b)                Each Bank participating therein shall make available
      its share of such Borrowing:
    

    
      (i)                          if such Borrowing is to be made in Dollars,
      not later than 12:00 Noon (New York City time) on the date of such
      Borrowing, in Federal or other funds immediately available in New York
      City, to the Administrative Agent at its office specified in or pursuant
      to Section 9.01; or
    

    
      (ii)                         if such Borrowing is to be made in an
      Alternative Currency, in such Alternative Currency (in such funds as may
      then be customary for the settlement of international transactions in
      such Alternative Currency) to the account of the Administrative Agent at
      such time and place as shall have been notified by the Administrative
      Agent to the Company and the Banks.
    

    
      Unless the Administrative Agent determines that any applicable condition
      specified in Article 3 has not been satisfied, the Administrative Agent
      will make the funds so received from the Banks available to the relevant
      Borrower at the Administrative Agent’s aforesaid address.
    

    
      
        

        

      

      
        
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      (c)                Unless the Administrative Agent shall have received
      notice from a Bank (x) not later than 12:00 Noon (New York City time) on
      the date of a Borrowing, in the case of Base Rate Loans and (y) at least
      one Domestic Business Day prior to the date of a Borrowing, in the case
      of any other Loans, that such Bank will not make available to the
      Administrative Agent such Bank’s share of such Borrowing, the
      Administrative Agent may assume that such Bank has made such share
      available to the Administrative Agent on the date of such Borrowing in
      accordance with subsection (b) of this Section 2.04 and the
      Administrative Agent may, in reliance upon such assumption, make
      available to the relevant Borrower on such date a corresponding
      amount.  If and to the extent that such Bank shall not have so made such
      share available to the Administrative Agent, such Bank and the relevant
      Borrower severally agree to repay to the 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 the Administrative Agent, at the
      Federal Funds Rate (if such Borrowing is in Dollars) or the applicable
      London Interbank Offered Rate (if such Borrowing is in an Alternative
      Currency).  If such Bank shall repay to the Administrative Agent such
      corresponding amount, such amount so repaid shall constitute such Bank’s
      Loan included in such Borrowing for purposes of this Agreement.
    

    
      Section 2.05       Registry; Notes.  (a)  The
      Administrative Agent shall maintain a register (the “Register”)
      on which it will record the Commitment of each Bank, each Loan made by
      such Bank and each repayment of any Loan made by such Bank.  Any such
      recordation by the Administrative Agent on the Register shall be prima
      facie evidence of the facts so recorded.  Failure to make any such
      recordation, or any error in such recordation, shall not affect the
      obligations of either Borrower hereunder.
    

    
      (b)                Each Borrower hereby agrees that, promptly upon the
      request of any Bank at any time, the relevant Borrower shall deliver to
      such Bank a duly executed Note, in substantially the form of Exhibit A
      hereto, payable to the order of such Bank and representing the
      obligation of such Borrower to pay the unpaid principal amount of the
      Loans made to such Borrower by such Bank, with interest as provided
      herein on the unpaid principal amount from time to time outstanding.
    

    
      (c)                Each Bank shall record the date, currency, amount and
      maturity of each Loan made by it and the date and amount of each payment
      of principal made by the relevant Borrower with respect thereto, and
      each Bank receiving a Note pursuant to this Section, if such Bank so
      elects in connection with any transfer or enforcement of its Note, may
      endorse on the schedule forming a part thereof appropriate notations to
      evidence the foregoing information with respect to each such Loan then
      outstanding; provided that the failure of such Bank to make any
      such recordation or endorsement or any error in such recordation or
      endorsement shall not affect the obligations of the relevant Borrower
      hereunder or under the Notes.  Such Bank is hereby irrevocably
      authorized by each Borrower so to endorse its Note and to attach to and
      make a part of its Note a continuation of any such schedule as and when
      required.
    

    
      
        

        

      

      
        
          18
        

        
          

        

      

      
        

        

      

    

    
      Section 2.06       Maturity of
      Loans.  (a)  The Committed Loans shall mature, and the principal
      amount thereof shall be due and payable, together with accrued interest
      thereon, on the Termination Date.
    

    
      (b)                Each Competitive Bid Loan included in any Competitive
      Bid Borrowing shall mature, and the principal amount thereof shall be
      due and payable, together with accrued interest thereon, on the last day
      of the Interest Period applicable to such Borrowing.
    

    
      Section 2.07       Interest Rates.  (b)  Each
      Base Rate Loan shall bear interest on the outstanding principal amount
      thereof, for each day from the date such Loan is made until it becomes
      due, at a rate per annum equal to the Applicable Margin for Base Rate
      Loans for such day plus the Base Rate for such day.  Such interest shall
      be payable quarterly in arrears on each Quarterly Date and, with respect
      to the principal amount of any Base Rate Loan converted to a Euro-Dollar
      Loan, on each date a Base Rate Loan is so converted.  Any overdue
      principal of or interest on any Base Rate Loan shall bear interest,
      payable on demand, for each day until paid at a rate per annum equal to
      the sum of 1% plus the rate otherwise applicable to Base Rate Loans for
      such day. Any overdue commitment fees payable pursuant to Section 2.08
      shall bear interest, payable on demand, for each day until paid at a
      rate per annum equal to the sum of 1% plus the rate otherwise applicable
      to Base Rate Loans for such day.
    

    
      (b)                Each Euro-Currency Loan shall bear interest on the
      outstanding principal amount thereof, for each day during each Interest
      Period applicable thereto, at a rate per annum equal to the sum of the
      Applicable Margin for Euro-Currency Loans as applicable to such
      Euro-Currency Loan for such day plus the London Interbank Offered Rate
      applicable to such Interest Period.  Such interest shall be payable for
      each Interest Period on the last day thereof and, if such Interest
      Period is longer than three months, at intervals of three months after
      the first day thereof.
    

    
      The “Applicable Margin” means (i) for a Euro-Currency Loan,
      a rate per annum equal to the Credit Default Swap Spread at the
      applicable date of determination and (ii) for a Base Rate Loan, the
      Applicable Margin for Euro-Currency Loans less 1% per annum, but not
      less than 0%; provided, that the Applicable Margin for
      Euro-Currency Loans, including as used to determine the Applicable
      Margin for Base Rate Loans, shall be subject to a floor (the “Rate
      Floor”) and a ceiling (the “Rate Ceiling”) as
      provided in the Pricing Schedule.
    

    
      
        

        

      

      
        
          19
        

        
          

        

      

      
        

        

      

    

    
      The “Credit Default Swap Spread” means at any determination
      date the credit default swap mid-rate spread applicable to senior debt
      of the Company with a maturity of the Termination Date, as of the close
      of business on the Domestic Business Day immediately preceding such
      determination date, as interpolated and reported by Markit Group Limited
      (or its successor or, if such source is not then publishing such rate,
      an appropriate page providing such information on Bloomberg or other
      source agreed by the Borrowers and the Administrative Agent).  The
      Credit Default Swap Spread is determined (i) in the case of Base Rate
      Loans, on the Effective Date and thereafter on the first Domestic
      Business Day of each calendar quarter, and (ii) in the case of any
      Euro-Currency Loan, (A) on the second Euro-Currency Business Day before
      the commencement of the Interest Period applicable to such Loan and (B)
      in the case of an Interest Period of more than three months duration,
      the date that is the last Domestic Business Day of each successive
      three-month period during such Interest Period.
    

    
      If at any time the Credit Default Swap Spread is unavailable, the
      Borrowers and the Banks shall negotiate in good faith (for a period of
      up to thirty days after the Credit Default Swap Spread becomes
      unavailable (such thirty-day period, the “Negotiation Period”))
      to agree on an alternative method for establishing the Applicable Margin
      for Euro-Currency Loans.  The Applicable Margin for Euro-Currency Loans
      at any date of determination thereof which falls during the Negotiation
      Period shall be based upon the then most recently available quote of the
      Credit Default Swap Spread (subject in any event to the Rate Ceiling and
      the Rate Floor).  If no such alternative method is agreed upon during
      the Negotiation Period, the Applicable Margin for Euro-Currency Loans at
      any date of determination subsequent to the end of the Negotiation
      Period shall be a rate per annum equal to the applicable Rate Ceiling.
    

    
      The “London Interbank Offered Rate” applicable to any
      Euro-Currency Loan for any Interest Period means the rate appearing on
      the Screen at approximately 11:00 A.M., London time, two Euro-Currency
      Business Days before the first day of such Interest Period as the rate
      for deposits in Dollars or the relevant Alternative Currency with a
      maturity comparable to such Interest Period.  If no rate appears on the
      Screen for the necessary currency and period, then the “London
      Interbank Offered Rate” with respect to such Euro-Currency Loan for
      such Interest Period shall be the rate at which deposits of that amount
      and currency with a maturity comparable to such Interest Period are
      offered by the principal London office of the Administrative Agent in
      immediately available funds in the London interbank market at
      approximately 11:00 A.M., London time, two Euro-Currency Business Days
      before the first day of such Interest Period.
    

    
      
        

        

      

      
        
          20
        

        
          

        

      

      
        

        

      

    

    
      The “Screen” means (i) with respect to Dollar-Denominated
      Loans, Reuters Screen LIBOR01 Page and (ii) with respect to Alternative
      Currency Loans, the appropriate Reuters Screen page selected by the
      Administrative Agent that displays rates for inter-bank deposits in the
      appropriate Alternative Currency.  The Administrative Agent may nominate
      an alternative source of screen rates if these pages are replaced by
      others which display rates for inter-bank deposits offered by leading
      banks in London.
    

    
      (c)                Any overdue principal of or interest on any
      Euro-Currency Loan shall bear interest, payable on demand, for each day
      from and including the date payment thereof was due to but excluding the
      date of actual payment, at a rate per annum equal to the sum of 1% plus
      the higher of (i) the Applicable Margin for Euro-Currency Loans for such
      day plus the quotient obtained (rounded upward, if necessary, to the
      next higher 1/100 of 1%) by dividing (x) the average (rounded upward, if
      necessary, to the next higher 1/16 of 1%) of the respective rates per
      annum at which one day (or, if such amount due remains unpaid more than
      three Euro-Currency Business Days, then for such other period of time
      not longer than six months as the Administrative Agent may select)
      deposits in Dollars in an amount approximately equal to such overdue
      payment due to each of the Reference Banks are offered to such Reference
      Bank in the London interbank market for the applicable period determined
      as provided above by (y) 1.00 minus the Euro-Currency Reserve Percentage
      (or, if the circumstances described in clause (a) or (b) of Section 8.01
      shall exist, the rate applicable to Base Rate Loans for such day) and
      (ii) the sum of the Applicable Margin for Euro-Currency Loans for such
      day plus the London Interbank Offered Rate applicable to such Loan at
      the date such payment was due.
    

    
      (d)                Subject to Section 8.01, each Competitive Bid LIBOR
      Loan shall bear interest on the outstanding principal amount thereof,
      for the Interest Period applicable thereto, at a rate per annum equal to
      the sum of the London Interbank Offered Rate for such Interest Period
      (determined in accordance with Section 2.07(b) as if the related
      Competitive Bid LIBOR Borrowing were a Committed Euro-Currency
      Borrowing) plus the Competitive Bid Margin quoted by the Bank making
      such Loan in accordance with Section 2.03.  Each Competitive Bid
      Absolute Rate Loan shall bear interest on the outstanding principal
      amount thereof, for the Interest Period applicable thereto, at a rate
      per annum equal to the Competitive Bid Absolute Rate quoted by the Bank
      making such Loan in accordance with Section 2.03.  Such interest shall
      be payable for each Interest Period on the last day thereof and, if such
      Interest Period is longer than three months, at intervals of three
      months after the first day thereof.  Any overdue principal of or
      interest on any Competitive Bid Loan shall bear interest, payable on
      demand, for each day until paid at a rate per annum equal to the sum of
      1% plus the Base Rate for such day.
    

    
      
        

        

      

      
        
          21
        

        
          

        

      

      
        

        

      

    

    
      (e)                The Administrative Agent shall determine each
      interest rate applicable to the Loans hereunder.  The Administrative
      Agent shall give prompt notice to the relevant Borrower and the
      participating Banks of each rate of interest so determined, and its
      determination thereof shall be conclusive in the absence of manifest
      error.
    

    
      (f)                Each Reference Bank agrees to use its best efforts to
      furnish quotations to the Administrative Agent as contemplated by this
      Section.  If any Reference Bank does not furnish a timely quotation, the
      Administrative Agent shall determine the relevant interest rate on the
      basis of the quotation or quotations furnished by the remaining
      Reference Bank or Banks or, if none of such quotations is available on a
      timely basis, the provisions of Section 8.01 shall apply.
    

    
      Section 2.08       Commitment Fee.  The
      Borrowers shall be jointly and severally obligated to pay to the
      Administrative Agent for the account of the Banks ratably a commitment
      fee in Dollars at the Commitment Fee Rate.  Such commitment fee shall
      accrue from and including the Effective Date to but excluding the
      Termination Date (or earlier date of termination of the Commitments in
      their entirety), on the daily average aggregate unused amount of the
      Commitments.  For purposes of calculating the commitment fees,
      outstanding Competitive Bid Loans shall be deemed to be zero, and any
      Defaulting Bank shall be subject to the provisions of Section
      8.07.  Accrued fees under this Section shall be payable quarterly on
      each Quarterly Date and upon the date of termination of the Commitments
      in their entirety.
    

    
      “Commitment Fee Rate” means a rate per annum determined in
      accordance with the Pricing Schedule.
    

    
      Section 2.09       Optional
      Termination or Reduction of Commitments.  The Company may (i)
      terminate the Commitments at any time, if no Loans are outstanding at
      such time or (ii) upon at least three Domestic Business Days’ notice to
      the Administrative Agent, ratably reduce from time to time by an
      aggregate amount of $50,000,000 or any larger multiple thereof, the
      aggregate amount of the Commitments in excess of the aggregate
      outstanding principal Dollar Amount of the Loans.  
    

    
      Section 2.10       Method of
      Electing Interest Rates.  (a)  The Dollar-Denominated Loans included
      in each Committed Borrowing shall bear interest initially at the type of
      rate specified by the relevant Borrower in the applicable Notice of
      Committed Borrowing.  Thereafter, such Borrower may from time to time
      elect to change or continue the type of interest rate borne by each
      Group of Dollar-Denominated Loans (subject in each case to the
      provisions of Article 8), as follows:
    

    
      
        

        

      

      
        
          22
        

        
          

        

      

      
        

        

      

    

    
      (i)                          if such Loans are Base Rate Loans, the
      Borrower may elect to convert such Loans to Euro-Dollar Loans as of any
      Euro-Dollar Business Day; and
    

    
      (ii)                         if such Loans are Euro-Dollar Loans, the
      Borrower may elect to convert such Loans to Base Rate Loans or elect to
      continue such Loans as Euro-Dollar Loans for an additional Interest
      Period, in each case effective on the last day of the then current
      Interest Period applicable to such Loans.
    

    
      Each such election shall be made by delivering a notice (a “Notice
      of Interest Rate Election”) to the Administrative Agent at least
      three Euro-Dollar Business Days before the conversion or continuation
      selected in such notice is to be effective.  A Notice of Interest Rate
      Election may, if it so specifies, apply to only a portion of the
      aggregate principal amount of the relevant Group of Loans; provided
      that (i) such portion is allocated ratably among the Loans comprising
      such Group and (ii) the portion to which such Notice applies, and the
      remaining portion to which it does not apply, are each $25,000,000 or
      any larger multiple of $5,000,000.
    

    
      (b)                Each Notice of Interest Rate Election shall specify:
    

    
      (i)                          the Group of Loans (or portion thereof) to
      which such notice applies;
    

    
      (ii)                         the date on which the conversion or
      continuation selected in such notice is to be effective, which shall
      comply with the applicable clause of subsection (a) above;
    

    
      (iii)                        if the Loans comprising such Group are to
      be converted, the new type of Loans and, if such new Loans are Fixed
      Rate Loans, the duration of the initial Interest Period applicable
      thereto; and
    

    
      (iv)                         if such Loans are to be continued as
      Euro-Dollar Loans for an additional Interest Period, the duration of
      such additional Interest Period.
    

    
      Each Interest Period specified in a Notice of Interest Rate Election
      shall comply with the provisions of the definition of Interest Period.
    

    
      (c)                Upon receipt of a Notice of Interest Rate Election
      from the relevant Borrower pursuant to subsection (a) above, the
      Administrative Agent shall promptly notify each Bank of the contents
      thereof and such notice shall not thereafter be revocable by such
      Borrower.  If such Borrower fails to deliver a timely Notice of Interest
      Rate Election to the Administrative Agent for any Group of Fixed Rate
      Loans, such Loans shall be converted into Base Rate Loans on the last
      day of the then current Interest Period applicable thereto.
    

    
      
        

        

      

      
        
          23
        

        
          

        

      

      
        

        

      

    

    
      (d)                The initial Interest Period for each Borrowing of
      Alternative Currency Loans shall be specified by the relevant Borrower
      in the applicable Notice of Committed Borrowing.  The Borrower may
      specify the duration of each subsequent Interest Period applicable to
      such Group of Loans by delivering to the Administrative Agent at its
      London Office not later than 11:00 A.M. (London time) on the third
      Euro-Currency Business Day before the end of the immediately preceding
      Interest Period, a notice specifying the Group of Loans to which such
      notice applies and the duration of such subsequent Interest Period
      (which shall comply with the provisions of the definition of Interest
      Period).  Such notice may, if it so specifies, apply to only a portion
      of the aggregate principal amount of the relevant Group of Loans; provided
      that (1) such portion is allocated ratably among the Loans comprising
      such Group and (2) the Dollar Amounts of the portion to which such
      notice applies, and the remaining portion to which it does not apply,
      are each at least $25,000,000 (or any larger multiple of
      $5,000,000).  If no such notice is timely received by the Administrative
      Agent before the end of any applicable Interest Period, the relevant
      Borrower shall be deemed to have elected that the subsequent Interest
      Period for such Group of Loans shall have a duration of one month
      (subject to the provisions of the definition of Interest Period).
    

    
      Section 2.11       Optional
      Prepayments.  (a)  Any Borrower may, upon at least one Domestic
      Business Day’s notice to the Administrative Agent, prepay, without
      premium, any Group of Base Rate Loans (or any Competitive Bid Borrowing
      bearing interest at the Base Rate pursuant to Section 8.01), in whole at
      any time, or from time to time in part in amounts aggregating
      $25,000,000 or any larger multiple of $5,000,000, by paying the
      principal amount to be prepaid together with accrued interest thereon to
      the date of prepayment.  Each such optional prepayment shall be applied
      to prepay ratably the Loans of the several Banks included in such Group
      or Borrowing.
    

    
      (b)                Subject to Section 2.13, any Borrower may (i) upon at
      least three Euro-Dollar Business Days’ notice to the Administrative
      Agent, in the case of a Group of Euro-Dollar Loans and (ii) upon at
      least three Euro-Currency Business Days’ notice to the Administrative
      Agent, in the case of a Group of Alternative Currency Loans, prepay,
      without premium, the Loans comprising such a Group, in whole at any
      time, or from time to time in part in Dollar Amounts aggregating
      $25,000,000 or any larger multiple of $5,000,000 by paying the principal
      amount to be prepaid together with accrued interest thereon to the date
      of prepayment.  Each such optional prepayment shall be applied to prepay
      ratably the Loans of the several Banks included in such Group.
    

    
      
        

        

      

      
        
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      (c)                Except as provided in subsection (a) above and in
      Section 8.06 (b) a Borrower may not prepay all or any portion of the
      principal amount of any Competitive Bid Loan prior to the maturity
      thereof.
    

    
      (d)                Upon receipt of a notice of prepayment pursuant to
      this Section, the Administrative Agent shall promptly notify each Bank
      of the contents thereof and of such Bank’s ratable share (if any) of
      such prepayment and such notice shall not thereafter be revocable by the
      relevant Borrower.
    

    
      Section 2.12       General
      Provisions as to Payments. (a)  Each Borrower shall make each
      payment of principal of, and interest on, the Dollar-Denominated Loans
      and of fees hereunder, not later than 12:00 Noon (New York City time) on
      the date when due, without setoff, counterclaim or deduction, in Federal
      or other funds immediately available in New York City, to the
      Administrative Agent at its address referred to in Section 9.01.  Each
      Borrower shall make each payment of principal of, and interest on, the
      Alternative Currency Loans in the relevant Alternative Currency in such
      funds as may then be customary for the settlement of international
      transactions in such Alternative Currency, to such account and at such
      time and at such place as shall have been notified by the Administrative
      Agent to the Company and the Banks.  The Administrative Agent will
      promptly distribute to each Bank its ratable share of each such payment
      received by the Administrative Agent for the account of the
      Banks.  Whenever any payment of principal of, or interest on, the Base
      Rate Loans or of fees shall be due on a day which is not a Domestic
      Business Day, the date for payment thereof shall be extended to the next
      succeeding Domestic Business Day.  Whenever any payment of principal of,
      or interest on, the Euro-Currency Loans shall be due on a day which is
      not a Euro-Currency Business Day, the date for payment thereof shall be
      extended to the next succeeding Euro-Currency Business Day unless such
      Euro-Currency Business Day falls in another calendar month, in which
      case the date for payment thereof shall be the next preceding
      Euro-Currency Business Day.  Whenever any payment of principal of, or
      interest on, the Competitive Bid Loans shall be due on a day which is
      not a Euro-Dollar Business Day, the date for payment thereof shall be
      extended to the next succeeding Euro-Dollar Business Day.  If the date
      for any payment of principal is extended by operation of law or
      otherwise, interest thereon shall be payable for such extended time.
    

    
      (b)                Unless the Administrative Agent shall have received
      notice from a Borrower prior to the date on which any payment is due to
      the Banks hereunder that such Borrower will not make such payment in
      full, the Administrative Agent may assume that such Borrower has made
      such payment in full to the Administrative Agent on such date and the
      Administrative Agent may, in reliance upon such assumption, cause to be
      distributed to each Bank on such due date an amount equal to the amount
      then due such Bank.  If and to the extent that a Borrower shall not have
      so made such payment, each Bank shall repay to the Administrative Agent
      forthwith on demand such amount distributed to such Bank together with
      interest thereon, for each day from the date such amount is distributed
      to such Bank until the date such Bank repays such amount to the
      Administrative Agent, at (i) the Federal Funds Rate (if such amount was
      distributed in Dollars) or (ii) the rate per annum at which one-day
      deposits in the relevant currency are offered to the Administrative
      Agent in the London interbank market for such day (if such amount was
      distributed in an Alternative Currency).
    

    
      
        

        

      

      
        
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      Section 2.13       Funding Losses.  If
      a Borrower makes any payment of principal with respect to any Fixed Rate
      Loan or any Fixed Rate Loan is converted to a Base Rate Loan (pursuant
      to Article 2, 6 or 8 or otherwise) on any day other than the last day of
      an Interest Period applicable thereto, or the last day of an applicable
      period fixed pursuant to Section 2.07(c), or if a Borrower fails to
      borrow or prepay any Fixed Rate Loans after notice has been given to any
      Bank in accordance with Section 2.04(a) or 2.11(d), such Borrower shall
      reimburse each Bank within 30 days after demand for any resulting loss
      or expense incurred by it (or by an existing or prospective Participant
      in the related Loan), including (without limitation) any loss incurred
      in obtaining, liquidating or employing deposits from third parties, but
      excluding loss of margin for the period after any such payment or
      conversion or failure to borrow or prepay, provided that such
      Bank shall have delivered to the relevant Borrower a certificate as to
      the amount of such loss or expense, which certificate shall be
      conclusive in the absence of manifest error.
    

    
      Section 2.14       Computation of
      Interest and Fees.  Interest based on the Prime Rate hereunder shall
      be computed on the basis of a year of 365 days (or 366 days in a leap
      year) and paid for the actual number of days elapsed (including the
      first day but excluding the last day).  All other interest and fees
      shall be computed on the basis of a year of 360 days and paid for the
      actual number of days elapsed (including the first day but excluding the
      last day); provided that if the Administrative Agent reasonably
      determines that a different basis of computation is the market
      convention for a particular Alternative Currency, such different basis
      shall be used.
    

    
      Section 2.15       Regulation D
      Compensation.  If and so long as a reserve requirement of the type
      described in the definition of “Euro-Currency Reserve Percentage”
      is prescribed by the Board of Governors of the Federal Reserve System
      (or any successor), each Bank subject to such requirement may require
      the Borrower to pay, contemporaneously with each payment of interest on
      each of such Bank’s Euro-Currency Loans, additional interest on such
      Euro-Currency Loan (but without duplication of any Euro-Currency Reserve
      Percentage taken into account in the determination of the interest rate
      under Section 2.07(c)) at a rate per annum determined by such Bank up to
      but not exceeding the excess of (i) (A) the applicable London Interbank
      Offered Rate divided by (B) one minus the Euro-Currency Reserve
      Percentage over (ii) the applicable London Interbank Offered Rate.  Any
      Bank wishing to require payment of such additional interest (x) shall so
      notify the Company and the Administrative Agent, in which case such
      additional interest on the Euro-Currency Loans of such Bank shall be
      payable to such Bank at the place indicated in such notice with respect
      to each Interest Period commencing at least three Euro-Currency Business
      Days after the giving of such notice, and (y) shall notify the Company
      at least five Euro-Currency Business Days prior to each date on which
      interest is payable on the Euro-Currency Loans of the amount then due it
      under this Section.
    

    
      
        

        

      

      
        
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      “Euro-Currency Reserve Percentage” means for any day that
      percentage (expressed as a decimal) which is in effect on such day, as
      prescribed by the Board of Governors of the Federal Reserve System (or
      any successor) for determining the maximum reserve requirement for a
      member bank of the Federal Reserve System in New York City with deposits
      exceeding five billion Dollars in respect of “Eurocurrency
      liabilities” (or in respect of any other category of liabilities
      which includes deposits by reference to which the interest rate on
      Euro-Currency Loans is determined or any category of extensions of
      credit or other assets which includes loans by a non-United States
      office of any Bank to United States residents).
    

    
      Section 2.16       Determining
      Dollar Amounts of Alternative Currency Loans; Related Mandatory
      Prepayments.  (a)  The Administrative Agent shall determine the
      Dollar Amount of each Alternative Currency Loan promptly after it
      receives the related Notice of Committed Borrowing based on the Spot
      Rate on the third Euro-Currency Business Day before the date of
      Borrowing specified in such notice.  Thereafter, the Administrative
      Agent shall redetermine the Dollar Amount of each Alternative Currency
      Loan on the third Euro-Currency Business Day before the first day of
      each Interest Period (after the first Interest Period) applicable
      thereto and, if any Interest Period applicable thereto exceeds three
      months, the days falling at three-month intervals after the first day
      thereof, based in each case on the Spot Rate on such Euro-Currency
      Business Day. The Administrative Agent shall promptly notify the Company
      and the Banks of each Dollar Amount so determined, and its determination
      thereof shall be conclusive in the absence of manifest error.
    

    
      (b)                If, after giving effect to any redetermination of a
      Dollar Amount pursuant to Section 2.16(a), the aggregate Dollar Amount
      of all outstanding Loans exceeds the aggregate amount of the
      Commitments, or the aggregate Dollar Amount of all outstanding
      Alternative Currency Loans exceeds 120% of the Alternative Currency
      Sublimit, the Administrative Agent shall notify the Company and the
      Banks that the relevant Borrower is required to cause one or more Loans
      to be prepaid pursuant to this subsection.  Within five Euro-Currency
      Business Days after receiving such notice, the relevant Borrower shall
      prepay Loans (in accordance with the procedure for prepaying Loans set
      forth in Section 2.11, but not subject to the minimum prepayment amounts
      specified therein) to the extent required to eliminate any such excess.
    

    
      
        

        

      

      
        
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      Section 2.17       Additional
      Reserve Costs.  (a)  If and so long as any Bank is required to make
      special deposits with the Bank of England, to maintain reserve asset
      ratios or to pay fees, in each case in respect of such Bank’s
      Euro-Currency Loans in any Alternative Currency, such Bank may require
      the relevant Borrower to pay, contemporaneously with each payment of
      interest on each of such Loans, additional interest on such Loan at a
      rate per annum equal to the Mandatory Costs Rate calculated in
      accordance with the formula and in the manner set forth in Exhibit H
      hereto.
    

    
      (b)                If and so long as any Bank is required to comply with
      reserve assets, liquidity, cash margin or other requirements of any
      monetary or other authority (including any such requirement imposed by
      the European Central Bank or the European System of Central Banks, but
      excluding requirements reflected in an applicable Euro-Currency Reserve
      Percentage or Mandatory Costs Rate) in respect of any of such Bank’s
      Euro-Currency Loans in any Alternative Currency, such Bank may require
      the relevant Borrower to pay, contemporaneously with each payment of
      interest on each of such Bank’s Euro-Currency Loans subject to such
      requirements, additional interest on such Loan at a rate per annum
      specified by such Bank to be the cost to such Bank of complying with
      such requirements in relation to such Loan.
    

    
      (c)                Any additional interest owed pursuant to subsection
      (a) or (b) above shall be determined by the relevant Bank, which
      determination shall be conclusive in the absence of manifest error, and
      notified to the Company (with a copy to the Administrative Agent) at
      least five Euro-Currency Business Days before each date on which
      interest is payable for the relevant Loan, and such additional interest
      so notified to the Company by such Bank shall be payable to the
      Administrative Agent for the account of such Bank on each date on which
      interest is payable for such Loan.
    

    
      Section 2.18       Change of
      Control.  If a Change of Control shall occur the Administrative
      Agent shall (i) if requested by Banks having more than 50% in aggregate
      amount of the Commitments, by notice to the Company terminate the
      Commitments and they shall thereupon terminate, and (ii) if requested by
      Banks holding more than 50% in aggregate principal amount of the Loans,
      by notice to the Company declare the Loans (together with accrued
      interest thereon) to be, and the Loans shall thereupon become,
      immediately due and payable.
    

    
      A “Change of Control” shall occur if any person or group of
      persons (within the meaning of Section 13 or 14 of the Securities
      Exchange Act of 1934, as amended) shall have acquired beneficial
      ownership (within the meaning of Rule 13d-3 promulgated by the
      Securities and Exchange Commission under said Act) of a majority of the
      outstanding shares of common stock of the Company; or, during any period
      of 12 consecutive calendar months, individuals who constitute the Board
      of Directors of the Company on the first day of such period (the “Incumbent
      Board of the Company”) shall cease to constitute a majority thereof; provided
      that any person becoming a director subsequent to the date of this
      Agreement whose election, or nomination for election by the Company’s
      shareholders, was approved by a vote of at least three-fourths of the
      directors comprising the Incumbent Board of the Company (either by a
      specific vote or by approval of the proxy statement of the Company in
      which such person is named as a nominee for director, without objection
      to such nomination) shall be, for the purpose of this clause, considered
      as though such person were a member of the Incumbent Board of the
      Company.
    

    
      
        

        

      

      
        
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      ARTICLE 3
CONDITIONS
    

    
      Section 3.01       Effectiveness.  This
      Agreement shall become effective on the date that each of the following
      conditions shall have been satisfied (or waived in accordance with
      Section 9.05):
    

    
      (a)                receipt by the Administrative Agent of counterparts
      hereof signed by each of the parties hereto (or, in the case of any
      party as to which an executed counterpart shall not have been received,
      receipt by the Administrative Agent in form satisfactory to it of
      telegraphic, telex or other written confirmation from such party of
      execution of a counterpart hereof by such party);
    

    
      (b)                receipt by the Administrative Agent of an opinion of
      the Executive Vice President & General Counsel of the Company,
      substantially in the form of Exhibit E hereto and covering such
      additional matters relating to the transactions contemplated hereby as
      the Required Banks may reasonably request;
    

    
      (c)                receipt by the Administrative Agent of an opinion of
      Davis Polk & Wardwell, special counsel for the Company, substantially in
      the form of Exhibit F hereto and covering such additional matters
      relating to the transactions contemplated hereby as the Required Banks
      may reasonably request;
    

    
      (d)                receipt by the Administrative Agent of all documents
      the Administrative Agent may reasonably request relating to the
      existence of each of the Borrowers, the corporate authority for and the
      validity of this Agreement and the Notes, and any other matters relevant
      hereto, all in form and substance satisfactory to the Administrative
      Agent;
    

    
      
        

        

      

      
        
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      (e)                receipt by the Administrative Agent for the account
      of each Bank a front-end fee in the amount heretofore mutually agreed;
      and
    

    
      (f)                receipt by the Administrative Agent of evidence
      satisfactory to it of the payment of all principal of and interest on
      any loans outstanding under, and of all other amounts payable under, the
      Existing Agreement.
    

    
      The Banks that are parties to the Existing Agreement, comprising the “Required
      Banks” as defined in such agreement, and the Company agree that the
      commitments under the Existing Agreement shall terminate in their
      entirety simultaneously with and subject to the effectiveness of this
      Agreement, without notice or further action by any party under the
      Existing Agreement, and that the Company shall be obligated to pay the
      accrued facility fees thereunder to but excluding the date of such
      effectiveness.  The Administrative Agent shall promptly notify the
      Company and the Banks of the Effective Date, and such notice shall be
      conclusive and binding on all parties hereto.
    

    
      Section 3.02       Borrowings.  The
      obligation of any Bank to make a Loan on the occasion of any Borrowing
      is subject to the satisfaction of the following conditions:
    

    
      (a)                receipt by the Administrative Agent of a Notice of
      Borrowing as required by Section 2.02 or 2.03, as the case may be;
    

    
      (b)                the fact that, immediately after such Borrowing, the
      aggregate outstanding principal amount of the Loans will not exceed the
      aggregate amount of the Commitments;
    

    
      (c)                the fact that, immediately before and immediately
      after such Borrowing, no Default under this Agreement or the 364-Day
      Agreement shall have occurred and be continuing; and
    

    
      (d)                the fact that the representations and warranties of
      the Borrowers contained in Sections 4.01, 4.02, 4.03, 4.04(a), 4.06 and
      4.07 of this Agreement shall be true in all material respects on and as
      of the date of such Borrowing, except to the extent that such
      representations and warranties expressly relate to an earlier date, in
      which case such representations and warranties shall be true in all
      material respects as of such earlier date.
    

    
      Each Borrowing hereunder shall be deemed to be a representation and
      warranty by each of the Borrowers on the date of such Borrowing as to
      the facts specified in clauses (b), (c) and (d) of this Section.
    

    
      
        

        

      

      
        
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      ARTICLE 4
REPRESENTATIONS AND WARRANTIES
    

    
      Each Borrower (as to itself) and the Company (as to all matters)
      represents and warrants that:
    

    
      Section 4.01       Corporate
      Existence and Power.  Each Borrower is duly organized, validly
      existing and in good standing under the laws of the jurisdiction of its
      organization, and has all corporate (or other organizational) powers and
      all material governmental licenses, authorizations, consents and
      approvals required to carry on its business as now conducted.  
    

    
      Section 4.02       Corporate and
      Governmental Authorization; No Contravention.
    

    
      The execution, delivery and performance by each Borrower of this
      Agreement and the Notes are within each Borrower’s corporate (or other
      organizational) powers, have been duly authorized by all necessary
      corporate (or other organizational) action, require no action by or in
      respect of, or filing with, any governmental body, agency or official
      and do not contravene, or constitute a default under, any provision of
      applicable law or of the organizational documents of either Borrower or
      of any applicable regulation, judgment, injunction, order, decree,
      material agreement or other material instrument binding upon either
      Borrower or result in the creation or imposition of any Mortgage on any
      material asset of either Borrower.
    

    
      Section 4.03       Binding Effect.  This
      Agreement constitutes a legal, valid and binding agreement of each
      Borrower and each Note, if and when executed and delivered in accordance
      with this Agreement, will constitute a legal, valid and binding
      obligation of the Borrower which has executed and delivered it, in each
      case enforceable in accordance with their terms.
    

    
      Section 4.04       Financial
      Information.  
    

    
      (a)                The consolidated balance sheet of the Company and its
      Subsidiaries as of April 30, 2008 and the related consolidated
      statements of income, shareholders’ equity and cash flows for the fiscal
      year then ended, reported on by PricewaterhouseCoopers and incorporated
      by reference in the Company’s 2008 Form 10-K, a copy of which has been
      delivered to each of the Banks, and the condensed consolidated balance
      sheet of the Company and its Subsidiaries as of January 28, 2009 and the
      related consolidated statement of income and condensed consolidated
      statement of cash flows for the nine-month period then ended,
      incorporated in the Company’s report on Form 10-Q for the fiscal quarter
      ended January 28, 2009, a copy of which has been made available to each
      of the Banks, fairly present, in conformity with generally accepted
      accounting principles (but subject, in the case of said balance sheet at
      January 28, 2009 and such statements of income and cash flows for the
      nine-month period then ended, to year-end audit adjustments), the
      consolidated financial position of the Company and its Subsidiaries as
      of April 30, 2008 and January 28, 2009 respectively, and their
      consolidated results of operations and cash flows for such fiscal year
      and such nine-month period, respectively.
    

    
      
        

        

      

      
        
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      (b)                Since January 28, 2009 there has been no material
      adverse change in the business, financial position, results of
      operations or prospects of the Company and its Subsidiaries, considered
      as a whole.
    

    
      Section 4.05       Litigation.  There
      are no legal or governmental proceedings pending to which the Company or
      any of its Subsidiaries is a party or to which any property of the
      Company or any of its Subsidiaries is subject, that, individually or in
      the aggregate, could reasonably be expected to have a material adverse
      effect on the consolidated financial position, shareholders’ equity or
      results of operations of the Company and its Subsidiaries, taken as a
      whole, and, to the best of the Company’s knowledge, no such proceedings
      are threatened or contemplated by governmental authorities or threatened
      by others.
    

    
      Section 4.06       Disclosure.  Neither
      the Confidential Information Memorandum nor any of the other reports,
      financial statements, certificates or other information furnished by or
      on behalf of either Borrower to the Administrative Agent or any Bank in
      connection with this Agreement or the 364-Day Agreement or delivered
      hereunder, taken as a whole, when furnished, contains any untrue
      statement of  material fact or omits to state a material fact necessary
      in order to make the statements contained therein not materially
      misleading, in light of the circumstances under which such statements
      were made.
    

    
      Section 4.07       Investment
      Company Act.  Neither Borrower is an “investment company”
      within the meaning of, or subject to regulation under, the Investment
      Company Act of 1940, as amended.
    

    
      ARTICLE 5
COVENANTS
    

    
      The Company agrees that, so long as any Bank has any Commitment
      hereunder or any amount payable hereunder remains unpaid:
    

    
      Section 5.01       Information.  The
      Company will deliver to each of the Banks:
    

    
      (a)                its Annual Report on Form 10-K within 15 days after
      it files the same with the Securities and Exchange Commission;
    

    
      
        

        

      

      
        
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      (b)                its Quarterly Report on Form 10-Q within 15 days
      after it files the same with the Securities and Exchange Commission for
      each of the first three quarters of each fiscal year of the Company;
    

    
      (c)                simultaneously with the delivery of the reports
      referred to in clauses (a) and (b) above, a certificate of the chief
      financial officer or the chief accounting officer or the Treasurer of
      the Company (i) stating whether any Default exists on the date of such
      certificate and, if any Default then exists, setting forth the details
      thereof and the actions which the Company is taking or proposes to take
      with respect thereto and (ii) setting forth reasonably detailed
      calculations as to compliance with Section 5.08;
    

    
      (d)                within five days after any executive officer of the
      Company obtains knowledge of any Default, if such Default is then
      continuing, a certificate of the chief financial officer or the chief
      accounting officer of the Company setting forth the details thereof and
      the action which the Company is taking or proposes to take with respect
      thereto;
    

    
      (e)                within 15 days after the mailing thereof to the
      shareholders of the Company generally, copies of all financial
      statements, reports and proxy statements so mailed; and
    

    
      (f)                within 15 days after filing thereof with the
      Securities and Exchange Commission, copies of all registration
      statements (other than the exhibits thereto and any registration
      statements on Form S-8 or its equivalent) and Current Reports on Form
      8-K (or their equivalent) which the Company shall have filed with the
      Securities and Exchange Commission.
    

    
      Information required to be delivered pursuant to clauses 5.01(a),
      5.01(b), 5.01(e) or 5.01(f) above shall be deemed to have been delivered
      on the date on which the Company provides notice to the Banks that such
      information has been posted on the Company’s website on the Internet at
      the website address listed on the signature pages hereof, at www.sec.gov
      or such other website previously notified by the Company to the Banks
      and accessible by the Banks without charge; provided that the
      Company shall deliver paper copies of the information referred to in
      clauses 5.01(a), 5.01(b), 5.01(e) or 5.01(f) to any Bank which requests
      such delivery.
    

    
      In the event that the Company shall for any reason cease to be subject
      to the reporting requirements of the Securities Exchange Act of l934, as
      amended, it shall nonetheless furnish to the Banks reports containing
      substantially the same information at substantially the same times as
      would otherwise be required by the foregoing provisions of this Section
      5.01.
    

    
      
        

        

      

      
        
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      Section 5.02       Conduct of
      Business and Maintenance of Existence.  The Company will, and will
      cause Heinz Finance to, (i) continue to engage in business of the same
      general type as now conducted by it, and (ii) preserve, renew and keep
      in full force and effect its corporate existence (subject to Section
      5.07) and its rights, privileges and franchises necessary or desirable
      in the normal conduct of business.
    

    
      Section 5.03       Insurance.  The
      Company will maintain insurance with financially sound and reputable
      insurers covering all properties and risks as are customarily insured
      by, and in such amounts as are customarily carried by, firms engaged in
      businesses similar to that of the Company and its Subsidiaries and
      similarly situated; provided that the Company may maintain
      self-insurance reasonable and customary for firms engaged in businesses
      similar to that of the Company and its Subsidiaries and similarly
      situated.
    

    
      Section 5.04       Inspection of
      Property; Books and Records; Discussions.  The Company will keep
      proper books of record and account in which entries shall be made of all
      dealings and transactions in relation to its business and activities, to
      the extent required by generally accepted accounting principles as in
      effect from time to time; and, will permit representatives of any Bank
      at such Bank’s expense to discuss its affairs, finances and accounts
      with its officers and, upon reasonable prior notice to the Company, its
      independent public accountants, and to visit and inspect its properties,
      and its books and records, all at reasonable times during normal
      business hours and upon reasonable prior notice; provided that
      (i) unless an Event of Default shall have occurred and be continuing,
      such visits and inspections shall be limited to once in each calendar
      year and such inspecting Bank shall be responsible for its own costs and
      expenses and (ii) in respect of any such discussions with any
      independent public accountants, the Company shall have received
      reasonable advance notice thereof and a reasonable opportunity to
      participate therein.
    

    
      Section 5.05       Compliance with
      Laws.  The Company will comply in all material respects with all
      applicable laws, ordinances, rules, regulations, and requirements of
      governmental authorities (including, without limitation, environmental
      laws and ERISA and the rules and regulations thereunder) except where
      the necessity of compliance therewith is contested in good faith by
      appropriate proceedings.
    

    
      Section 5.06       Negative Pledge.  The
      Company will not itself, and will not permit any Restricted Subsidiary
      to, incur, issue, assume, or guarantee any loans, whether or not
      evidenced by negotiable instruments or securities, or any notes, bonds,
      debentures or other similar evidences of indebtedness for money borrowed
      (loans, notes, bonds, debentures or other similar evidences of
      indebtedness for money borrowed being herein called “Debt”),
      secured after the date hereof by pledge of, or mortgage or lien on (i)
      any Principal Property of the Company or any Principal Property of any
      Restricted Subsidiary, (ii) any capital stock of or Debt of any
      Restricted Subsidiary or (iii) any inventory or accounts receivable of
      the Company or any inventory or accounts receivable of any Restricted
      Subsidiary, unless, after giving effect thereto, the aggregate
      Attributable Amount in respect of all such secured Debt would not exceed
      10% of Consolidated Net Assets; provided, however, that
      this Section 5.06 shall not apply to, and there shall be excluded from
      secured Debt in any computation under this Section 5.06,  Debt secured
      by:
    

    
      
        

        

      

      
        
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      (a)                Mortgages on property of, or on any shares of capital
      stock of or Debt or inventory or accounts receivable of, any corporation
      existing at the time such corporation becomes a Restricted Subsidiary or
      Subsidiary, as the case may be;
    

    
      (b)                Mortgages in favor of the Company or any Restricted
      Subsidiary;
    

    
      (c)                Mortgages in favor of any governmental body to secure
      progress, advance or other payments pursuant to any contract or
      provision of any statute;
    

    
      (d)                Mortgages on property, shares of capital stock or
      Debt existing at the time of acquisition thereof (including acquisition
      through merger or consolidation) or to secure the payment of all or any
      part of the purchase price thereof or construction thereon or to secure
      any Debt incurred prior to, at the time of, or within 360 days after the
      later of the acquisition of such property, shares of capital stock or
      Debt or the completion of construction for the purpose of financing all
      or any part of the purchase price thereof or construction thereon;
    

    
      (e)                Mortgages securing obligations issued by a State,
      territory or possession of the United States, any political subdivision
      of any of the foregoing, or the District of Columbia, or any
      instrumentality of any of the foregoing to finance the acquisition or
      construction of property, and on which the interest is not, in the
      opinion of tax counsel of recognized standing or in accordance with a
      ruling issued by the Internal Revenue Service, includible in gross
      income of the holder by reason of Section 103(a)(1) of the Internal
      Revenue Code of 1986, as amended, (or any successor to such provision or
      any other similar statute of the United States) as in effect at the time
      of the issuance of such obligations;
    

    
      (f)                Mechanics’, materialmen’s, carriers’, or other like
      liens arising in the ordinary course of business (including construction
      of facilities) in respect of obligations which are not due or which are
      being contested in good faith;
    

    
      (g)                Any Mortgage arising by reason of deposits with, or
      the giving of any form of security to any governmental agency or any
      body created or approved by law or governmental regulations, which is
      required by law or governmental regulations as a condition to the
      transaction of any business, or the exercise of any privilege, franchise
      or license;
    

    
      
        

        

      

      
        
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      (h)                Mortgages for taxes, assessments or governmental
      charges or levies not yet delinquent, or Mortgages for taxes,
      assessments or governmental charges or levies already delinquent but the
      validity of which is being contested in good faith;
    

    
      (i)                Mortgages (including judgment liens) arising in
      connection with legal proceedings so long as such proceedings are being
      contested in good faith and, in the case of judgment liens, execution
      thereon is stayed;
    

    
      (j)                Mortgages (other than on any inventory or accounts
      receivable of the Company or any Subsidiary) existing at the date hereof;
    

    
      (k)                Any extension, renewal or replacement (or successive
      extensions, renewals or replacements), as a whole or in part, of any
      mortgage referred to in (a) through (j) above, provided, however,
      that such extension, renewal or replacement Mortgage shall be limited to
      all or part of the same property, shares of capital stock or Debt that
      secured the Mortgage extended, renewed or replaced (plus improvements on
      such property); and
    

    
      (l)                Mortgages securing asset-based Debt in an aggregate
      principal amount not to exceed $750,000,000 at any one time outstanding
      on inventory and accounts receivable of the Company and its Subsidiaries.
    

    
      In this Section 5.06 the following terms have the following meanings:
    

    
      “Attributable Amount” means, in respect of any secured
      Debt, an amount equal to the lesser of (i) the aggregate outstanding
      principal amount of such Debt and (ii) the aggregate gross book value of
      all Principal Properties which are either (A) subject to a Mortgage
      securing such Debt or (B) owned by a Restricted Subsidiary the capital
      stock of which or Debt of which is subject to a Mortgage securing such
      Debt (or, if such Debt is secured by inventory and/or accounts
      receivable of the Company or a Restricted Subsidiary, then the aggregate
      book value of all such inventory and accounts receivable of the Company
      and such Restricted Subsidiaries securing such Debt).
    

    
      “Principal Property” means any manufacturing or processing
      plant or warehouse owned at the date hereof or hereafter acquired by the
      Company or any Restricted Subsidiary of the Company which is located
      within the United States and the gross book value (including related
      land and improvements thereon and all machinery and equipment included
      therein without deduction of any depreciation reserves) of which on the
      date as of which the determination is being made exceeds 2% of
      Consolidated Net Assets other than (i) any such manufacturing or
      processing plant or warehouse or any portion thereof (together with the
      land on which it is erected and fixtures comprising a part thereof)
      which is financed by industrial development bonds which are tax exempt
      pursuant to Section 103 of the Internal Revenue Code (or which receive
      similar tax treatment under any subsequent amendments thereto or any
      successor laws thereof or under any other similar statute of the United
      States), (ii) any property which in the opinion of the Board of
      Directors of the Company is not of material importance to the total
      business conducted by the Company as an entirety or (iii) any portion of
      a particular property which is similarly found not to be of material
      importance to the use or operation of such property.
    

    
      
        

        

      

      
        
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      “Restricted Subsidiary” means any Subsidiary which (i) owns
      or leases any Principal Property, (ii) holds capital stock of or Debt of
      any other Restricted Subsidiary or (iii) holds accounts receivable and
      inventory in an aggregate amount exceeding 2% of Consolidated Net Assets.
    

    
      Section 5.07       Consolidations,
      Merger and Sales of Assets.  Neither Borrower shall consolidate with
      or merge into any other Person or sell, convey, transfer or lease its
      properties and assets substantially as an entirety to any Person unless:
    

    
      (a)                the Person formed by such consolidation or into which
      such Borrower is merged or the Person which acquires by sale,
      conveyance, transfer or lease the properties and assets of such Borrower
      substantially as an entirety shall be a corporation or limited liability
      company organized and existing under the laws of the United States, any
      state thereof or the District of Columbia;
    

    
      (b)                the Person formed by such consolidation or into which
      such Borrower is merged or the Person which acquires by sale,
      conveyance, transfer or lease the properties and assets of such Borrower
      substantially as an entirety shall expressly assume, in writing, in form
      satisfactory to the Administrative Agent the performance of every
      covenant and obligation of this Agreement on the part of such Borrower
      to be performed or observed; and
    

    
      (c)                immediately after giving effect to such transaction,
      and treating any indebtedness which becomes an obligation of such
      Borrower or a Subsidiary as a result of such transaction as having been
      incurred by such Borrower or such Subsidiary at the time of such
      transaction, no Default shall have occurred and be continuing.
    

    
      Section 5.08       Leverage Ratio.  The
      Company will not permit the Leverage Ratio determined on the last day of
      any fiscal quarter, or on the date of any Borrowing (determined after
      giving effect to such Borrowing and application of the proceeds thereof)
      to exceed (i) for any such date up to but excluding the last day of the
      Company’s fiscal quarter ending on or about July 29, 2010, 3.75 to 1.0
      and (ii) for any such date thereafter, 3.50 to 1.0.
    

    
      
        

        

      

      
        
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      Section 5.09       Use of Proceeds.  The
      proceeds of the Loans made under this Agreement will be used by each of
      the Borrowers (i) to refinance or replace commitments under the Existing
      Agreement, (ii) to back up commercial paper issued by the Borrowers and
      (iii) for general corporate purposes.  No part of the proceeds of any
      Loans will be used in any manner that would result in a violation of
      Regulation U or X.
    

    
      ARTICLE 6
DEFAULTS
    

    
      Section 6.01       Events of
      Default.  If one or more of the following events (“Events
      of Default”) shall have occurred and be continuing:
    

    
      (a)                any principal of any Loan shall not be paid when due,
      or any interest on any Loan, any fees or any other amount payable
      hereunder shall not be paid within five days of the due date thereof;
    

    
      (b)                a Borrower shall fail to observe or perform any
      covenant or agreement contained (i) in Sections 5.01(d), 5.02(ii), 5.06,
      5.07, 5.08 or 5.09; or (ii) any other covenant or agreement contained in
      this Agreement (other than those covered by clause (a) above) for 30
      days after notice thereof has been given to the Company by the
      Administrative Agent at the request of any Bank, in each case under (i)
      or (ii), only if such Borrower is obligated to observe or perform such
      covenant or agreement pursuant to the express terms of such provision;
    

    
      (c)                any representation, warranty, certification or
      statement made by either Borrower in this Agreement or in any
      certificate, financial statement or other document delivered pursuant to
      this Agreement shall prove to have been incorrect in any material
      respect when made (or deemed made);
    

    
      (d)                 (i) any event or condition shall occur which results
      in the acceleration of the maturity of any Material Debt or permits the
      holders of Material Debt or any trustee or agent on their behalf to
      accelerate the maturity of any Material Debt or (ii) any failure to pay
      the aggregate principal amount of any Material Debt at final maturity
      (or within any period of grace or forbearance thereafter);
    

    
      (e)                the Company or a Material Subsidiary shall commence a
      voluntary case or other proceeding seeking liquidation, reorganization
      or other relief with respect to itself or its debts under any
      bankruptcy, insolvency or other similar law now or hereafter in effect
      or seeking the appointment of a trustee, receiver, liquidator, custodian
      or other similar official of it or any substantial part of its property,
      or shall consent to any such relief or to the appointment of or taking
      possession by any such official in an involuntary case or other
      proceeding commenced against it, or shall make a general assignment for
      the benefit of creditors, or shall fail generally to pay its debts as
      they become due, or shall take any corporate action to authorize any of
      the foregoing;
    

    
      
        

        

      

      
        
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      (f)                an involuntary case or other proceeding shall be
      commenced against the Company or a Material Subsidiary seeking
      liquidation, reorganization or other relief with respect to it or its
      debts under any bankruptcy, insolvency or other similar law now or
      hereafter in effect or seeking the appointment of a trustee, receiver,
      liquidator, custodian or other similar official of it or any substantial
      part of its property, and such involuntary case or other proceeding
      shall remain undismissed and unstayed for a period of 60 days; or an
      order for relief shall be entered against the Company or a Material
      Subsidiary under the federal bankruptcy laws as now or hereafter in
      effect;
    

    
      (g)                any judgments or orders, either individually or in
      the aggregate, for the payment of money in excess of $100,000,000 (net
      of insurance coverage as to which the relevant insurance companies have
      been notified of and are not contesting coverage) is rendered against
      the Company or a Material Subsidiary and there is any period of 60
      consecutive days during which a stay of enforcement of such judgment or
      order, by reason of pending appeal or otherwise, is not in effect;
    

    
      (h)                Heinz Finance shall cease to be a Subsidiary of the
      Company; provided, however, that it shall not be an Event
      of Default if (i) Heinz Finance and the Company merge or consolidate in
      accordance with Section 5.07 or (ii) at the time (x) there are no Loans
      outstanding to, or other amounts due and payable by, Heinz Finance
      hereunder and (y) the Company and Heinz Finance elect, by notice to the
      Administrative Agent, to terminate this Agreement as to Heinz Finance,
      in which case Heinz Finance shall cease to be a Borrower for all
      purposes of this Agreement and all references herein to a Borrower shall
      be deemed to refer solely to the Company; or
    

    
      (i)                Section 9.12 shall cease to be valid and enforceable
      against the Company or Heinz Finance or either of them shall so assert
      in writing;
    

    
      then, and in every such event, the Administrative Agent shall (i) if
      requested by Banks having more than 50% in aggregate amount of the
      Commitments, by notice to the Company terminate the Commitments and they
      shall thereupon terminate, and (ii) if requested by Banks holding more
      than 50% in aggregate principal amount of the Loans, by notice to the
      Company declare the Loans (together with accrued interest thereon) to
      be, and the Loans shall thereupon become, immediately due and payable
      without presentment, demand, protest or other notice of any kind, all of
      which are hereby waived by the Borrower; provided that in the
      case of any of the Events of Default specified in clause (e) or (f)
      above with respect to the Company or Heinz Finance, without any notice
      to the Company or any other act by the Administrative Agent or the
      Banks, the Commitments shall thereupon terminate and the Loans (together
      with accrued interest thereon) shall become immediately due and payable
      without presentment, demand, protest or other notice of any kind, all of
      which are hereby waived by each Borrower.
    

    
      
        

        

      

      
        
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      Section 6.02       Notice of
      Default.  The Administrative Agent shall give notice to the Company
      under Section 6.01(b) promptly upon being requested to do so by any Bank
      and shall thereupon notify all the Banks thereof.
    

    
      ARTICLE 7
THE ADMINISTRATIVE AGENT
    

    
      Section 7.01       Appointment and
      Authorization.  Each Bank irrevocably appoints and authorizes the
      Administrative Agent to take such action as agent on its behalf and to
      exercise such powers under this Agreement and the Notes as are delegated
      to the Administrative Agent by the terms hereof or thereof, together
      with all such powers as are reasonably incidental thereto.
    

    
      Section 7.02       Administrative
      Agent and Affiliates.  JPMorgan Chase Bank, N.A. shall have the same
      rights and powers under this Agreement as any other Bank and may
      exercise or refrain from exercising the same as though it were not the
      Administrative Agent, and JPMorgan Chase Bank, N.A and its affiliates
      may accept deposits from, lend money to, and generally engage in any
      kind of business with the Company or any Subsidiary or affiliate of the
      Company as if it were not the Administrative Agent hereunder.
    

    
      Section 7.03       Action by
      Administrative Agent.  The obligations of the Administrative Agent
      hereunder are only those expressly set forth herein.  Without limiting
      the generality of the foregoing, the Administrative Agent shall not be
      required to take any action with respect to any Default, except as
      expressly provided in Article 6.
    

    
      Section 7.04       Consultation
      with Experts.  The Administrative Agent may consult with legal
      counsel (who may be counsel for either Borrower), independent public
      accountants and other experts selected by it in good faith and shall not
      be liable for any action taken or omitted to be taken by it in good
      faith in accordance with the advice of such counsel, accountants or
      experts.
    

    
      Section 7.05       Liability of
      Administrative Agent.  Neither the Administrative Agent nor any of
      its affiliates nor any of their respective directors, officers, agents
      or employees shall be liable for any action taken or not taken by it in
      connection herewith (i) with the consent or at the request of the
      Required Banks or (ii) in the absence of its own gross negligence or
      willful misconduct.  Neither the Administrative Agent nor any of its
      affiliates nor any of their respective directors, officers, agents or
      employees shall be responsible for or have any duty to ascertain,
      inquire into or verify (i) any statement, warranty or representation
      made in connection with this Agreement or any borrowing hereunder; (ii)
      the performance or observance of any of the covenants or agreements of
      either Borrower; (iii) the satisfaction of any condition specified in
      Article 3, except receipt of items required to be delivered to the
      Administrative Agent; or (iv) the validity, effectiveness or genuineness
      of this Agreement, the Notes or any other instrument or writing
      furnished in connection herewith.  The Administrative Agent shall not
      incur any liability by acting in reliance upon any notice, consent,
      certificate, statement, or other writing (which may be a bank wire,
      telex or similar writing) believed by it to be genuine or to be signed
      by the proper party or parties.
    

    
      
        

        

      

      
        
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      Section 7.06       Indemnification.  To
      the extent not indemnified by the Borrowers (without limiting their
      obligation to do so), each Bank shall, ratably in accordance with its
      Commitment (or, if the Commitments have terminated, in accordance with
      the aggregate unpaid principal amount of its Loans), indemnify the
      Administrative Agent, its affiliates and their respective directors,
      officers, agents and employees (to the extent not reimbursed by the
      Borrowers) against any cost, expense (including reasonable counsel fees
      and disbursements), claim, demand, action, loss or liability (except
      such as result from such indemnitees’ gross negligence or willful
      misconduct) that such indemnitees may suffer or incur in connection with
      this Agreement or any action taken or omitted by such indemnitees
      hereunder.
    

    
      Section 7.07       Credit Decision.  Each
      Bank acknowledges that it has, independently and without reliance upon
      any Agent or any other Bank, and based on such documents and information
      as it has deemed appropriate, made its own credit analysis and decision
      to enter into this Agreement.  Each Bank also acknowledges that it will,
      independently and without reliance upon any Agent or any other Bank, 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 any action under this Agreement.
    

    
      Section 7.08       Successor
      Administrative Agent.  The Administrative Agent may resign at any
      time by giving notice thereof to the Banks and the Company.  Upon any
      such resignation, the Company shall have the right to appoint a
      successor Administrative Agent, provided that if such successor
      Administrative Agent shall not be a Bank, such appointment shall be
      subject to approval by the Required Banks.  If no successor
      Administrative Agent shall have been so appointed, and shall have
      accepted such appointment, within 60 days after the retiring
      Administrative Agent gives notice of resignation, then the retiring
      Administrative Agent may, on behalf of the Banks, appoint a successor
      Administrative Agent, which shall be a commercial bank organized or
      licensed 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 its 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 and duties of the retiring Administrative Agent, and the
      retiring Administrative Agent shall be discharged from its duties and
      obligations hereunder.  After any retiring Administrative Agent’s
      resignation hereunder as Administrative Agent, the provisions of this
      Article inure to its benefit as to any actions taken or omitted to be
      taken by it while it was Administrative Agent.
    

    
      
        

        

      

      
        
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      Section 7.09       Administrative
      Agent’s Fee.  The Company shall pay to the Administrative
      Agent for its own account fees in the amounts and at the times
      previously agreed upon between the Company and the Administrative Agent.
    

    
      Section 7.10       Other Agents.  None
      of the Documentation Agents and the Syndication Agent, in their
      capacities as such, shall have any duties or obligations of any kind
      under this Agreement.
    

    
      ARTICLE 8
CHANGE IN CIRCUMSTANCES
    

    
      Section 8.01       Inability to
      Determine Interest Rate.  If on or prior to the first day of any
      Interest Period for any Euro-Currency Loan or Competitive Bid LIBOR
      Loan, the Administrative Agent is advised by the Reference Banks that
      deposits in the relevant currency (in the applicable amounts) are not
      being offered to the Reference Banks in the relevant market for such
      Interest Period, the Administrative Agent shall forthwith give notice
      thereof to the Company and the Banks, whereupon until the Administrative
      Agent notifies the Company that the circumstances giving rise to such
      suspension no longer exist, (i) the obligations of the Banks to make
      Euro-Currency Loans or to convert outstanding Loans into Euro-Currency
      Loans shall be suspended and (ii) each outstanding Euro-Currency Loan in
      the relevant currency shall be prepaid (or, in the case of a Euro-Dollar
      Loan, converted into a Base Rate Loan) on the last day of the then
      current Interest Period applicable thereto. Unless the relevant Borrower
      notifies the Administrative Agent at least one Domestic Business Day
      before the date of any Borrowing of a Fixed Rate Loan for which a Notice
      of Borrowing has previously been given that it elects not to borrow on
      such date, (i) if such Borrowing of a Fixed Rate Loan is a Committed
      Borrowing, such Borrowing shall instead be made as a Borrowing of a Base
      Rate Loan in an equal Dollar Amount and (ii) if such Borrowing of a
      Fixed Rate Loan is a Competitive Bid LIBOR Borrowing, the Competitive
      Bid LIBOR Loans comprising such Borrowing shall bear interest for each
      day from and including the first day to but excluding the last day of
      the Interest Period applicable thereto at the Base Rate for such day.
    

    
      
        

        

      

      
        
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      Section 8.02       Illegality.  If,
      on or after the date of this Agreement, the adoption of any applicable
      law, rule or regulation, or any change in any applicable law, rule or
      regulation, or any change in the interpretation or administration
      thereof by any governmental authority, central bank or comparable agency
      charged with the interpretation or administration thereof, or compliance
      by any Bank (or its Euro-Currency Lending Office) with any request or
      directive (whether or not having the force of law) of any such
      authority, central bank or comparable agency shall make it unlawful or
      impossible for any Bank (or its Euro-Currency Lending Office) to make,
      maintain or fund its Euro-Currency Loans and such Bank shall so notify
      the Administrative Agent, the Administrative Agent shall forthwith give
      notice thereof to the other Banks and the Company, whereupon until such
      Bank notifies the Company and the Administrative Agent that the
      circumstances giving rise to such suspension no longer exist, the
      obligation of such Bank to make Euro-Currency Loans, or to convert
      outstanding Loans into Euro-Currency Loans, shall be suspended.  Before
      giving any notice to the Administrative Agent pursuant to this Section,
      such Bank shall designate a different Euro-Currency Lending Office if
      such designation will avoid the need for giving such notice and will
      not, in the reasonable judgment of such Bank, be otherwise financially
      disadvantageous to such Bank.  If such notice is given, each
      Euro-Currency Loan of such Bank then outstanding shall be converted to a
      Base Rate Loan (in the case of an Alternative Currency Loan, in a
      principal amount determined on the basis of the Spot Rate on the date of
      conversion) either (a) on the last day of the then current Interest
      Period applicable to such Euro-Currency Loan if such Bank may lawfully
      continue to maintain and fund such Loan to such day or (b) immediately
      if such Bank shall determine that it may not lawfully continue to
      maintain and fund such Loan to such day.
    

    
      Section 8.03       Increased Cost
      and Reduced Return. (a)  If on or after (x) the date hereof, in the
      case of any Committed Loan or any obligation to make Committed Loans or
      (y) the date of the related Competitive Bid Quote, in the case of any
      Competitive Bid Loan, the adoption of any applicable law, rule or
      regulation, or any change in any applicable law, rule or regulation, or
      any change in the interpretation or administration thereof by any
      governmental authority, central bank or comparable agency charged with
      the interpretation or administration thereof, or compliance by any Bank
      (or its Applicable Lending Office) with any request or directive
      (whether or not having the force of law) of any such authority, central
      bank or comparable agency shall impose, modify or deem applicable any
      reserve (including, without limitation, any such requirement imposed by
      the Board of Governors of the Federal Reserve System, but excluding with
      respect to any Euro-Currency Loan any such requirement for which such
      Bank is entitled to compensation under Section 2.15 for the relevant
      Interest Period), special deposit, insurance assessment or similar
      requirement against assets of, deposits with or for the account of, or
      credit extended by, any Bank (or its Applicable Lending Office) or shall
      impose on any Bank (or its Applicable Lending Office) or on the United
      States market for certificates of deposit or the London interbank market
      any other condition affecting its Fixed Rate Loans, its Note or its
      obligation to make Fixed Rate Loans and the result of any of the
      foregoing is to increase the cost to such Bank (or its Applicable
      Lending Office) of making or maintaining any Fixed Rate Loan, or to
      reduce the amount of any sum received or receivable by such Bank (or its
      Applicable Lending Office) under this Agreement or under its Note with
      respect thereto, by an amount deemed by such Bank to be material, then,
      within 30 days after demand by such Bank (with a copy to the
      Administrative Agent), the Company shall pay to such Bank such
      additional amount or amounts as will compensate such Bank on an after
      tax basis for such increased cost or reduction.
    

    
      
        

        

      

      
        
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      (b)                If any Bank shall have determined that, after the
      date hereof, the adoption of any applicable law, rule or regulation
      regarding capital adequacy, or any change in any such law, rule or
      regulation, or any change in the interpretation or administration
      thereof by any governmental authority, central bank or comparable agency
      charged with the interpretation or administration thereof, or any
      request or directive regarding capital adequacy (whether or not having
      the force of law) of any such authority, central bank or comparable
      agency, has or would have the effect of reducing the rate of return on
      capital of such Bank (or its Parent) as a consequence of such Bank’s
      obligations hereunder to a level below that which such Bank (or its
      Parent) could have achieved but for such adoption, change, request or
      directive (taking into consideration its policies with respect to
      capital adequacy) by an amount deemed by such Bank to be material, then
      from time to time, within 30 days after demand by such Bank (with a copy
      to the Administrative Agent), the Company shall pay to such Bank such
      additional amount or amounts as will compensate such Bank (or its
      Parent) on an after tax basis for such reduction.
    

    
      (c)                Each Bank will promptly notify the Company and the
      Administrative Agent of any event of which it has knowledge, occurring
      after the date hereof, which will entitle such Bank to compensation
      pursuant to this Section and will designate a different Applicable
      Lending Office if such designation will avoid the need for, or reduce
      the amount of, such compensation and will not, in the reasonable
      judgment of such Bank, be otherwise financially disadvantageous to such
      Bank.  A certificate of any Bank claiming compensation under this
      Section and setting forth the additional amount or amounts to be paid to
      it hereunder shall be conclusive in the absence of manifest error.  In
      determining such amount, such Bank may use any reasonable averaging and
      attribution methods.
    

    
      
        

        

      

      
        
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      (d)                Notwithstanding the foregoing provisions of Section
      8.03 hereof, the Company shall not be obligated to compensate any Bank
      for any amount arising or accruing prior to the date such Bank notifies
      the Administrative Agent and the Company that it proposes to claim
      compensation; provided, however, the Company shall be
      obligated to provide compensation for the 30-day period prior to
      notification and for any prior period during which the Bank was not able
      to provide such notification due to the retroactive application of the
      statute, regulation or other basis for the claim.
    

    
      Section 8.04       Taxes.  (a)  Any
      and all payments by each Borrower to or for the account of any Bank or
      the Administrative Agent hereunder or under any Note shall be made free
      and clear of and without deduction for any and all present or future
      taxes, duties, levies, imposts, deductions, charges or withholdings, and
      all liabilities with respect thereto, excluding, in the case of each
      Bank and the Administrative Agent, taxes imposed on its income, and
      franchise taxes imposed on it, by the jurisdiction under the laws of
      which such Bank or the Administrative Agent (as the case may be) is
      organized or any political subdivision thereof and, in the case of each
      Bank, taxes imposed on its income, and franchise or similar taxes
      imposed on it, by the jurisdiction of such Bank’s Applicable Lending
      Office or any political subdivision thereof (all such non-excluded
      taxes, duties, levies, imposts, deductions, charges, withholdings and
      liabilities being hereinafter referred to as “Taxes”).  If
      any Borrower shall be required by law to deduct any Taxes from or in
      respect of any sum payable hereunder or under any Note to any Bank or
      the Administrative Agent, (i) the sum payable shall be increased as
      necessary so that after making all required deductions (including
      deductions applicable to additional sums payable under this Section 8.04
      such Bank or the 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 shall make such deductions, (iii) such
      Borrower shall pay the full amount deducted to the relevant taxation
      authority or other authority in accordance with applicable law and (iv)
      such Borrower shall furnish to the Administrative Agent, at its address
      referred to in Section 9.01 the original or a certified copy of a
      receipt evidencing payment thereof.
    

    
      (b)                In addition, the Company agrees to pay any present or
      future stamp or documentary taxes and any other excise or property
      taxes, or charges or similar levies which arise from any payment made
      hereunder or under any Note or from the execution or delivery of, or
      otherwise with respect to, this Agreement or any Note (hereinafter
      referred to as “Other Taxes”).
    

    
      (c)                The Company agrees to indemnify each Bank and the
      Administrative Agent for the full amount of Taxes or Other Taxes
      (including, without limitation, any Taxes or Other Taxes imposed or
      asserted by any jurisdiction on amounts payable under this Section 8.04
      paid by such Bank or the Administrative Agent (as the case may be) and
      any liability (including penalties, interest and expenses) arising
      therefrom or with respect thereto.  This indemnification shall be made
      within 15 days from the date such Bank or the Administrative Agent (as
      the case may be) makes demand therefor.
    

    
      
        

        

      

      
        
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      (d)                Each Bank organized under the laws of a jurisdiction
      outside the United States, on or prior to the date of its execution and
      delivery of this Agreement in the case of each Bank listed on the
      signature pages hereof and on or prior to the date on which it becomes a
      Bank in the case of each other Bank, and from time to time thereafter if
      requested in writing by the Company (but only so long as such Bank
      remains lawfully able to do so), shall provide the Company with Internal
      Revenue Service form W-8BEN or W-8ECI, as appropriate, or any successor
      form prescribed by the Internal Revenue Service, certifying that such
      Bank is entitled to benefits under an income tax treaty to which the
      United States is a party which reduces the rate of withholding tax on
      payments of interest or certifying that the income receivable pursuant
      to this Agreement is effectively connected with the conduct of a trade
      or business in the United States.  If the form provided by a Bank at the
      time such Bank first becomes a party to this Agreement indicates a
      United States interest withholding tax rate in excess of zero,
      withholding tax at such rate shall be considered excluded from “Taxes”
      as defined in Section 8.04(a).
    

    
      (e)                For any period with respect to which a Bank has
      failed to provide the Company with the appropriate form pursuant to
      Section 8.03(d) (unless such failure is due to a change in treaty, law
      or regulation occurring subsequent to the date on which a form
      originally was required to be provided), such Bank shall not be entitled
      to indemnification under Section 8.03(a) with respect to Taxes imposed
      by the United States; provided, however, that should a
      Bank, which is otherwise exempt from or subject to a reduced rate of
      withholding tax, become subject to Taxes because of its failure to
      deliver a form required hereunder, the Company shall take such steps as
      such Bank shall reasonably request to assist such Bank to recover such
      Taxes.
    

    
      (f)                If any Borrower is required to pay additional amounts
      to or for the account of any Bank pursuant to this Section 8.04, then
      such Bank will change the jurisdiction of its Applicable Lending Office
      so as to eliminate or reduce any such additional payment which may
      thereafter accrue if such change, in the reasonable judgment of such
      Bank, is not otherwise financially disadvantageous to such Bank.
    

    
      Section 8.05       Base Rate Loans
      Substituted for Affected Fixed Rate Loans.  If (i) the obligation of
      any Bank to make or maintain Euro-Currency Loans has been suspended
      pursuant to Section 8.02 or (ii) any Bank has demanded compensation
      under Section 8.03 or 8.05 with respect to its Euro-Currency Loans in
      any currency and the relevant Borrower shall, by at least five
      Euro-Currency Business Days’ prior notice to such Bank through the
      Administrative Agent, have elected that the provisions of this Section
      apply to such Bank, then, unless and until such Bank notifies the
      relevant Borrower that the circumstances giving rise to such suspension
      or demand for compensation no longer exist:
    

    
      
        

        

      

      
        
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      (a)                all Loans which would otherwise be made by such Bank
      as (or continued as or converted into) Euro-Currency Loans in such
      currency shall instead be Base Rate Loans (in the case of Alternative
      Currency Loans, in the same Dollar Amount as the Euro-Currency Loan that
      such Bank would otherwise have made in the Alternative Currency) on
      which interest and principal shall be payable contemporaneously with the
      related Fixed Rate Loans of the other Banks), and
    

    
      (b)                after each of its Euro-Currency Loans has been repaid
      (or converted to a Base Rate Loan), all payments of principal which
      would otherwise be applied to repay such Fixed Rate Loans shall be
      applied to repay its Base Rate Loans instead.
    

    
      If such Bank notifies the relevant Borrower that the circumstances
      giving rise to such notice no longer apply, the principal amount of each
      such Base Rate Loan shall be converted into a Euro-Dollar Loan on the
      first day of the next succeeding Interest Period applicable to the
      related Euro-Currency Loans of the other Banks.  If such Loan is
      converted into an Alternative Currency Loan, such Bank, the
      Administrative Agent and the Borrower shall make such arrangements as
      shall be required (including increasing or decreasing the amount of such
      Alternative Currency Loan) so that such Alternative Currency Loan shall
      be in the same amount as it would have been if the provisions of this
      Section had never applied thereto.
    

    
      Section 8.06       Addition,
      Termination or Substitution of Banks. (a)  The Borrowers may at any
      time increase the aggregate amount of the Commitments under this
      Agreement by (i) adding additional banks as parties to this Agreement
      with Commitments as may be mutually agreed between the Borrowers and
      each such additional bank or banks, (ii) agreeing with any Bank to
      increase its Commitment hereunder to an amount mutually agreed between
      the Company and such Bank or (iii) a combination of the procedures
      described in clauses (i) and (ii), provided that (A) the
      aggregate amount of all such increases during the term of this Agreement
      shall not exceed $200,000,000 and (B) the aggregate amount of all
      Commitments under this Agreement and all “Commitments” under the 364-Day
      Agreement (as defined therein) shall not exceed $2,000,000,000.  Any
      such increase shall become effective upon (x) execution and delivery by
      the Borrowers, the Bank involved and the Administrative Agent of an
      appropriate instrument evidencing the addition of such bank as a Bank
      and/or the increase in the Commitment of such Bank and (y) receipt by
      the Administrative Agent of such evidence as the Administrative Agent
      may reasonably request relating to the corporate authority for and
      validity of such instrument.
    

    
      
        

        

      

      
        
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      (b)                The Borrower may at any time, if any Bank (i) has
      demanded compensation for increased costs pursuant to Section 8.03 or
      8.04, (ii) has determined that the making or continuation of any
      Euro-Currency Loan has become unlawful or impossible pursuant to Section
      8.02 and similar additional interest or compensation has not been
      demanded by, or a similar determination has not been made by, all of the
      Banks or (iii) has become a Defaulting Bank, at the Borrower’s election
      (A) terminate the Commitment of such Bank and, in connection therewith,
      prepay the outstanding Loans of such Bank in full, together with accrued
      interest thereon and any other amounts payable hereunder for the account
      of such Bank or (B) designate an Assignee to purchase for cash, pursuant
      to an Assignment and Assumption Agreement in the form of Exhibit G, the
      outstanding Loans and Commitment of such Bank and to assume all of such
      Bank’s other rights and obligations hereunder without recourse to or
      warranty by, or expense to, such Bank, for a purchase price equal to the
      principal amount of all of such Bank’s outstanding Loans plus any
      accrued but unpaid interest thereon and the accrued but unpaid
      commitment fees in respect of that Bank’s Commitment hereunder plus such
      amount, if any, as would be payable pursuant to Section 2.13 if the
      outstanding Loans of such Bank were prepaid in their entirety on the
      date of consummation of such assignment.  In conjunction with the
      consummation of such an assignment, the Borrower shall pay to such Bank
      any other amounts payable hereunder for the account of such Bank.
    

    
      Section 8.07       Defaulting Banks.  If
      any Bank becomes a Defaulting Bank, then the following provisions shall
      apply for so long as such Bank is a Defaulting Bank:
    

    
      (a)       the commitment fee shall cease to accrue on the unused portion
      of the Commitment of such Defaulting Bank pursuant to Section 2.08;
    

    
      (b)       the Commitment and Loans of such Defaulting Bank shall not be
      included in determining whether all Banks or the Required Banks have
      taken or may take any action hereunder (including any consent to any
      amendment or waiver pursuant to Section 9.05), provided that (i)
      any amendment or waiver requiring the consent of all Banks or each
      affected Bank which affects such Defaulting Bank differently than other
      affected Banks shall require the consent of such Defaulting Bank, (ii)
      the Commitment of such Defaulting Bank may not be increased or extended,
      the principal of or the rate of interest for Loans (other than the rates
      of interest for overdue principal or interest provided for in Section
      9.05, Section 2.07(c) or in the last sentence of Section 2.07(d)) of
      such Defaulting Bank or fees or other amounts payable hereunder or under
      any other Loan Document to such Defaulting Bank may not be reduced
      without the consent of such Defaulting Bank, and (iii) any amendment of,
      or consent or waiver with respect to, this Section 8.07 shall require
      the consent of the Required Banks and each Defaulting Bank; and
    

    
      
        

        

      

      
        
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      (c)       any amount payable to such Defaulting Bank hereunder (whether
      on account of principal, interest, fees or otherwise and including any
      amount that would otherwise be payable to such Defaulting Bank pursuant
      to Section  9.04 but excluding Section 8.06(b)) shall, in lieu of being
      distributed to such Defaulting Bank, be retained by the Administrative
      Agent in a segregated account and, subject to any applicable
      requirements of law, be applied at such time or times as may be
      determined by the Administrative Agent in the following order of
      priority: (i) first, to the payment of any amounts owing by such
      Defaulting Bank to the Administrative Agent hereunder; (ii) second,
      to the funding of any Loan in respect of which such Defaulting Bank has
      failed to fund its portion thereof as required by this Agreement, as
      determined by the Administrative Agent; (iii) third, if so
      determined by the Administrative Agent and the Company, held in such
      account as cash collateral for future funding obligations of the
      Defaulting Bank in respect of any Loans under this Agreement; (iv) fourth,
      to the payment of any amounts owing to the Borrower as a result of any
      judgment of a court of competent jurisdiction obtained by the Borrower
      against such Defaulting Bank as a result of such Defaulting Bank’s
      breach of its obligations under this Agreement; and (v) fifth, to
      such Defaulting Bank or as otherwise directed by a court of competent
      jurisdiction, provided, with respect to this clause (v), that if
      such payment is (x) a prepayment of the principal amount of any Loans
      which such Defaulting Bank has funded and (y) made at a time when the
      conditions set forth in Section 3.02 are satisfied, such payment shall
      be applied solely to prepay the Committed Loans of all non-Defaulting
      Banks pro rata prior to being applied to the prepayment of the Loans of
      such Defaulting Bank.
    

    
      In the event that the Administrative Agent and the Company each agrees
      that a Defaulting Bank has adequately remedied all matters that caused
      such Bank to be a Defaulting Bank, then on such date such Bank shall
      purchase at par such of the Committed Loans of the other Banks as the
      Administrative Agent shall determine may be necessary in order for such
      Bank to hold Committed Loans in proportion to its Commitment.
    

    

    

    
      ARTICLE 9
MISCELLANEOUS
    

    
      Section 9.01       Notices.  All
      notices, requests and other communications to any party hereunder shall
      be in writing (including bank wire, telex, facsimile, electronic mail or
      similar writing) and shall be given to such party:  (x) in the case of
      any Borrower or the Administrative Agent, at its address or telex or
      facsimile number or electronic mail address set forth on the signature
      pages hereof, (y) in the case of any Bank, at its address or telex or
      facsimile number or electronic mail address set forth in its
      Administrative Questionnaire or (z) in the case of any party, such other
      address or telex or facsimile number or electronic mail address as such
      party may hereafter specify for the purpose by notice to the
      Administrative Agent and the Company.  Each such notice, request or
      other communication shall be effective (i) if given by telex, when such
      telex is transmitted to the telex number specified in this Section and
      the appropriate answerback is received, (ii) if given by facsimile, when
      such facsimile is transmitted to the facsimile number specified in this
      Section and receipt of such facsimile is confirmed, either orally or in
      writing, by the party receiving such transmission, (iii) if given by
      mail, 72 hours after such communication is deposited in the mails with
      first class postage prepaid, addressed as aforesaid, (iv) if given by
      electronic mail, upon the sender’s receipt of an acknowledgement from
      the intended recipient (such as by the “return receipt requested”
      function, as available, return electronic mail or other written
      acknowledgement), provided that if not given during the normal business
      hours of the recipient, such notice or communication shall be deemed to
      have been given at the opening of business on the next Domestic Business
      Day for the recipient or (v) if given by any other means, when delivered
      at the address specified in this Section; provided that notices
      to the Administrative Agent under Article 2 or Article 8 shall not be
      effective until received.
    

    
      
        

        

      

      
        
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      Section 9.02       No Waivers.   No
      failure or delay by the Administrative Agent or any Bank in exercising
      any right, power or privilege hereunder or under any Note shall operate
      as a waiver thereof nor shall any single or partial exercise thereof
      preclude any other or further exercise thereof or the exercise of any
      other right, power or privilege.  The rights and remedies herein
      provided shall be cumulative and not exclusive of any rights or remedies
      provided by law.
    

    
      Section 9.03       Expenses;
      Indemnification.  (a)  The Borrowers shall be jointly and severally
      obligated to pay (i) all reasonable out-of-pocket expenses of the
      Administrative Agent, including reasonable fees and disbursements of
      special counsel for the Administrative Agent, in connection with the
      preparation and administration of this Agreement, any waiver or consent
      hereunder or any amendment hereof or any Default or alleged Default
      hereunder and (ii) if an Event of Default occurs, all out-of-pocket
      expenses incurred by the Administrative Agent and each Bank, including
      reasonable fees and disbursements of counsel (which may include, without
      duplication of costs of outside counsel, the allocated costs of staff
      counsel), in connection with such Event of Default and collection,
      bankruptcy, insolvency and other enforcement proceedings resulting
      therefrom.
    

    
      
        

        

      

      
        
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      (b)                The Borrowers jointly and severally agree to
      indemnify each Agent and Bank, their respective affiliates and the
      respective directors, officers, agents and employees of the foregoing
      (each an “Indemnitee”) and hold each Indemnitee harmless
      from and against any and all liabilities, losses, damages, costs and
      expenses of any kind, including, without limitation, the reasonable fees
      and disbursements of counsel, which may be incurred by such Indemnitee
      in connection with any investigative, administrative or judicial
      proceeding (whether or not such Indemnitee shall be designated a party
      thereto) brought or threatened relating to or arising out of this
      Agreement or any actual or proposed use of proceeds of Loans hereunder; provided
      that no Indemnitee shall have the right to be indemnified hereunder for
      such Indemnitee’s own gross negligence or willful misconduct.
    

    
      Section 9.04       Sharing.  Each
      Bank agrees that if it shall, by exercising any right of set-off or
      counterclaim or otherwise, receive payment of a proportion of the
      aggregate amount of principal and interest due with respect to any Loan
      held by it which is greater than the proportion received by any other
      Bank in respect of the aggregate amount of principal and interest due
      with respect to any Loan held by such other Bank, the Bank receiving
      such proportionately greater payment shall purchase such participations
      in the Loan held by the other Banks, and such other adjustments shall be
      made, as may be required so that all such payments of principal and
      interest with respect to the Loan held by the Banks shall be shared by
      the Banks pro rata; provided that nothing in this Section shall
      impair the right of any Bank to exercise any right of set-off or
      counterclaim it may have and to apply the amount subject to such
      exercise to the payment of indebtedness of a Borrower other than its
      indebtedness under this Agreement.
    

    
      Section 9.05       Amendments and
      Waivers.  Any provision of this Agreement or the Notes may be
      amended or waived if, but only if, such amendment or waiver is in
      writing and is signed by the Borrowers and the Required Banks (and, if
      the rights or duties of the Administrative Agent are affected thereby,
      by the Administrative Agent); provided that no such amendment or
      waiver shall, unless signed by each affected Bank, (i) increase or
      decrease the Commitment of any Bank (except for a ratable decrease in
      the Commitments of all Banks) or subject any Bank to any additional
      obligation, (ii) reduce the principal of or rate of interest on any Loan
      or any fees hereunder, (iii) postpone the date fixed for any payment of
      principal of or interest on any Loan or any fees hereunder or for
      termination of any Commitment, (iv) change the definition of Required
      Banks, (v) change the provisions of this Section 9.05 or (vi) change the
      provisions of Section 9.12; and provided further that, no such
      amendment or waiver shall, unless signed by all Banks, change the
      percentage of the Commitments or of the aggregate unpaid principal
      amount of the Loans which shall be required for the Banks or any of them
      to take any action under this Section or any other provision of this
      Agreement.
    

    
      
        

        

      

      
        
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      Section 9.06       Successors and
      Assigns.  (a)  The provisions of this Agreement shall be binding
      upon and inure to the benefit of the parties hereto and their respective
      successors and assigns, except that neither Borrower may assign or
      otherwise transfer any of its rights under this Agreement without the
      prior written consent of all Banks.
    

    
      (b)                Any Bank may at any time grant to one or more banks
      or other institutions (each a “Participant”) participating
      interests in its Commitment or any or all of its Loans.  In the event of
      any such grant by a Bank of a participating interest to a Participant,
      whether or not upon notice to the Company and the Administrative Agent,
      such Bank shall remain responsible for the performance of its
      obligations hereunder, and the Borrowers and the Administrative Agent
      shall continue to deal solely and directly with such Bank in connection
      with such Bank’s rights and obligations under this Agreement.  Any
      agreement pursuant to which any Bank may grant such a participating
      interest shall provide that such Bank shall retain the sole right and
      responsibility to enforce the obligations of the Borrowers hereunder
      including, without limitation, the right to approve any amendment,
      modification or waiver of any provision of this Agreement; provided
      that such participation agreement may provide that such Bank will not
      agree to any modification, amendment or waiver of this Agreement
      described in clause (i), (ii) or (iii) of Section 9.05 without the
      consent of the Participant.  Subject to subsection (e) below, each
      Borrower agrees that each Participant shall, to the extent provided in
      its participation agreement, be entitled to the benefits of Article 8
      with respect to its participating interest.  An assignment or other
      transfer which is not permitted by subsection (c) or (d) below shall be
      given effect for purposes of this Agreement only to the extent of a
      participating interest granted in accordance with this subsection (b).
    

    
      (c)                Any Bank may at any time assign to one or more banks
      or other institutions (each an “Assignee”) all, or a
      proportionate part of all, of its rights and obligations under this
      Agreement and its Note (if any), and such Assignee shall assume such
      rights and obligations, pursuant to an Assignment and Assumption
      Agreement in substantially the form of Exhibit G hereto executed by such
      Assignee and such transferor Bank, with, and subject to the subscribed
      consent of the Administrative Agent and (so long as no Event of Default
      has occurred and is continuing) the Company, which shall not be
      unreasonably withheld, provided that in the event of such an
      assignment to an existing Bank, an Affiliate of such Bank or an Approved
      Fund, the consent of the Company shall not be required; and provided
      further that such assignment may, but need not, include rights of
      the transferor Bank in respect of outstanding Competitive Bid
      Loans.  Upon execution and delivery of such instrument, payment by such
      Assignee to such transferor Bank of an amount equal to the purchase
      price agreed between such transferor Bank and such Assignee and notice
      of the foregoing to the Administrative Agent, such Assignee shall be a
      Bank party to this Agreement and shall have all the rights and
      obligations of a Bank with a Commitment as set forth in such instrument
      of assumption, and the transferor Bank shall be released from its
      obligations hereunder to a corresponding extent, and no further consent
      or action by any party shall be required.  Upon the consummation of any
      assignment pursuant to this subsection (c), the transferor Bank, the
      Administrative Agent, and the relevant Borrower shall make appropriate
      arrangements so that, if required, a new Note is issued to the
      Assignee.  In connection with any such assignment, the transferor Bank
      shall pay to the Administrative Agent an administrative fee for
      processing such assignment in the amount of $3,500.  If the Assignee is
      not incorporated under the laws of the United States of America or a
      state thereof, it shall deliver to the Company and the Administrative
      Agent certification as to exemption from deduction or withholding of any
      United States federal income taxes in accordance with Section 8.04.
    

    
      
        

        

      

      
        
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      “Approved Fund” means any Person (other than a natural
      person) that is engaged in making, purchasing, holding or investing in
      bank loans and similar extensions of credit in the ordinary course of
      its business and that is administered or managed by (i) a Bank, (ii) an
      Affiliate of a Bank or (iii) an entity or an Affiliate of an entity that
      administers or manages a Bank.
    

    
      (d)                Any Bank may at any time assign all or any portion of
      its rights with respect to the Loans outstanding under this Agreement
      and its Note (if any) to a Federal Reserve Bank.  No such assignment
      shall release the transferor Bank from its obligations hereunder.
    

    
      (e)                No Assignee, Participant or other transferee of any
      Bank’s rights shall be entitled to receive any greater payment under
      Section 8.03 or 8.04  than such Bank would have been entitled to receive
      with respect to the rights transferred, unless such transfer is made
      with the Company’s prior written consent or by reason of the provisions
      of Section 8.02, 8.03 or 8.04 requiring such Bank to designate a
      different Applicable Lending Office under certain circumstances.
    

    
      Section 9.07       Collateral.  Each
      of the Banks represents to the Administrative Agent and each of the
      other Banks that it in good faith is not relying upon any “margin
      stock” (as defined in Regulation U) as collateral in the extension
      or maintenance of the credit provided for in this Agreement.
    

    
      Section 9.08       Governing Law.  This
      Agreement shall be governed by and construed in accordance with the laws
      of the State of New York.  
    

    
      Section 9.09       Counterparts;
      Integration.  This Agreement may be signed in any number of
      counterparts, each of which shall be an original, with the same effect
      as if the signatures thereto and hereto were upon the same
      instrument.  This Agreement constitutes the entire agreement and
      understanding among the parties hereto and supersedes any and all prior
      agreements and understandings, oral or written, relating to the subject
      matter hereof.
    

    
      
        

        

      

      
        
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      Section 9.10       Judgment
      Currency.  If, under any applicable law and whether pursuant to a
      judgment being made or registered against any Borrower or for any other
      reason, any payment under or in connection with this Agreement, is made
      or satisfied in a currency (the “Other Currency”) other
      than that in which the relevant payment is due (the “Required
      Currency”) then, to the extent that the payment (when converted into
      the Required Currency at the rate of exchange on the date of payment or,
      if it is not practicable for the party entitled thereto (the “Payee”)
      to purchase the Required Currency with the other Currency on the date of
      payment, at the rate of exchange as soon thereafter as it is practicable
      for it to do so) actually received by the Payee falls short of the
      amount due under the terms of this Agreement, such Borrower shall, to
      the extent permitted by law, as a separate and independent obligation,
      indemnify and hold harmless the Payee against the amount of such
      short-fall.  For the purpose of this Section, “rate
      of exchange” means the rate at which the Payee is able on the
      relevant date to purchase the Required Currency with the Other Currency
      and shall take into account any premium and other costs of exchange.
    

    
      Section 9.11       USA Patriot
      Act. Each Bank hereby notifies the Company that pursuant to the
      requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed
      into law October 26, 2001)), it is required to obtain, verify and record
      information that identifies the Company, which information includes the
      name and address of the Company and other information that will allow
      such Bank to identify the Company in accordance with said Act.
    

    
      Section 9.12       Joint and
      Several Obligations.  (a) The obligations of the Borrowers hereunder
      to perform and discharge the full and punctual payment (whether at
      stated maturity, upon acceleration or otherwise) of all principal of and
      interest on the Loans and all their other obligations and liabilities to
      the Administrative Agent or to any Bank under this Agreement
      (collectively, the “Obligations”) are joint and
      several.  Each Borrower shall be obligated in respect of the aggregate
      principal amount of all Loans, regardless of which Borrower may have
      requested or received the proceeds of any Loans.   
    

    
      (b)                The Obligations of each Borrower shall be
      unconditional and absolute, and, without limiting the generality of the
      foregoing, shall not be released, discharged or otherwise affected, at
      any time by:
    

    
      (i)                          any extension, renewal, settlement,
      compromise, waiver or release in respect of any obligation of the other
      Borrower under any Financing Document, by operation of law or otherwise;
    

    
      
        

        

      

      
        
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      (ii)                         any modification or amendment of or
      supplement to any Financing Document (but such obligation shall remain
      in effect as so amended);
    

    
      (iii)                        any release, impairment, non-perfection or
      invalidity of any direct or indirect security for any obligation of the
      other Borrower under any Financing Document;
    

    
      (iv)                         any change in the corporate existence,
      structure or ownership of the other Borrower, or any insolvency,
      bankruptcy, reorganization or other similar proceeding affecting the
      other Borrower or its assets or any resulting release or discharge of
      any obligation of either Borrower contained in any Financing Document;
    

    
      (v)                          the existence of any claim, set-off or
      other rights which a Borrower may have at any time against the other
      Borrower, the Administrative Agent, any Bank or any other Person,
      whether in connection herewith or any unrelated transactions, provided
      that nothing herein shall prevent the assertion of any such claim by
      separate suit or compulsory counterclaim;
    

    
      (vi)                         any invalidity or unenforceability relating
      to or against the other Borrower for any reason of any Financing
      Document, or any provision of applicable law or regulation purporting to
      prohibit the payment by the other Borrower of any amount payable by it
      under any Financing Document; or
    

    
      (vii)                        any other act or omission to act or delay
      of any kind by the other Borrower, the Administrative Agent, any Bank or
      any other Person or any other circumstance whatsoever which might, but
      for the provisions of this paragraph, constitute a legal or equitable
      discharge of or defense to the Borrower’s obligations hereunder.
    

    
      (c)                The obligations of the Borrowers hereunder in respect
      of the Obligations shall remain in full force and effect until the
      Commitments shall have terminated and the principal of and interest on
      the Loans and all other amounts payable by the Borrowers under the
      Financing Documents shall have been paid in full.  If at any time any
      payment of principal of or interest on any Loan or any other amount
      payable by either Borrower under the Financing Documents is rescinded or
      must be otherwise restored or returned upon the insolvency, bankruptcy
      or reorganization of such Borrower or otherwise, the other Borrower’s
      obligations with respect to such payment shall be reinstated at such
      time as though such payment had been due but not made at such time.
    

    
      
        

        

      

      
        
          55
        

        
          

        

      

      
        

        

      

    

    
      (d)                Each Borrower irrevocably waives acceptance hereof,
      presentment, demand, protest and any notice not provided for herein, as
      well as any requirement that at any time any action be taken by any
      Person against the other Borrower or any other Person.
    

    
      (e)                Until all amounts due and payable to the
      Administrative Agent and Banks hereunder and under the Notes have been
      paid, each Borrower irrevocably waives any and all rights to which it
      may be entitled, by operation of law or otherwise, upon making any
      payment hereunder to be subrogated to the rights of the payee against
      the other Borrower with respect to such payment or against any direct or
      indirect security therefor, or otherwise to be reimbursed, indemnified
      or exonerated by or for the account of such other Borrower in respect
      thereof.
    

    
      (f)                 In the event that acceleration of the time for
      payment of any amount payable by a Borrower under any Financing Document
      is stayed upon insolvency, bankruptcy or reorganization of such
      Borrower, all such amounts otherwise subject to acceleration under the
      terms of this Agreement shall nonetheless be payable by the other
      Borrower forthwith on demand by the Required Banks.
    

    
      
        

        

      

      
        
          56
        

        
          

        

      

      
        

        

      

    

    
      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
      duly executed by their respective authorized officers as of the day and
      year first above written.
    

    
    	
           
        	

        	
          
            H.J. HEINZ COMPANY
          

        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Leonard A. Cullo, Jr.
          

        
	

        	

        	
          
            Name: Leonard A. Cullo, Jr.
          

        
	

        	

        	
          
            Title: Vice President – Treasurer
          

        
	

        	

        	
          
            1 PPG Plaza
          

        
	

        	

        	
          
            Suite 3100
          

        
	

        	

        	
          
            Pittsburgh, Pennsylvania
          

        
	

        	

        	
          
            15222-5448
          

        
	

        	

        	
          
            Attention: Corporate Secretary
          

        
	

        	

        	
          
            Telex number: TRT #199-104
          

        
	

        	

        	
          
            Telecopy number: 412-456-6128
          

        
	

        	

        	
           
        
	

        	

        	
          
            H.J. HEINZ FINANCE COMPANY
          

        
	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Leonard A. Cullo, Jr.
          

        
	

        	

        	
          
            Name: Leonard A. Cullo, Jr.
          

        
	

        	

        	
          
            Title: President
          

        
	

        	

        	
          
            1 PPG Plaza
          

        
	

        	

        	
          
            Suite 3100
          

        
	

        	

        	
          
            Pittsburgh, Pennsylvania
          

        
	

        	

        	
          
            15222-5448
          

        
	

        	

        	
          
            Attention: Corporate Secretary
          

        
	

        	

        	
          
            Telex number: TRT #199-104
          

        
	

        	

        	
          
            Telecopy number: 412-456-6128
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          JPMORGAN CHASE BANK, N.A., as Administration Agent and as a Bank
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Tony Yung
        
	

        	

        	
          
            Name: Tony Yung
          

        
	

        	

        	
          
            Title: Vice President
          

        
	

        	
          
            Houston Office:
          

        
	

        	
          
            JPMorgan Chase Bank, N.A
Houston Loan and Agency Services
1111
            Fannin Street, 10th Floor
Houston, Texas 77002
Attention:
            Sheila King
Phone: (713) 750-2242
Fax: (713) 750-2782
Email:
            Sheila.G.King@jpmorgan.com
Copy to: LAS_-_Texas@jpmchase.com
          

        
	

        	
           
        
	

        	
          
            London Office:

J.P. Morgan Europe Limited
125 London
            Wall, EC2Y5AJ London, England
Attention: Loans Agency, Ching Loh
Fax:
            + 44 207 777 2360
Phone: + 44 207 777 2434
Email:
            Ching.Loh@jpmorgan.com
Copy to:
          

          
            loan_and_agency_london@jpmorgan.com
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          BANK OF AMERICA, N.A., as Syndication Agent and as a Bank
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ J. Casey Cosgrove
        
	

        	

        	
          
            Name: J. Casey Cosgrove
          

        
	

        	

        	
          
            Title: Senior Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          BNP PARIBAS
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Berangere Allen
          

        
	

        	

        	
          
            Name: Berangere Allen
          

        
	

        	

        	
          
            Title: Vice President
          

        
	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Melissa Balley
          

        
	

        	

        	
          
            Name: Melissa Balley
          

        
	

        	

        	
          
            Title: Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          HSBC BANK USA, N.A.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ James P. Kelly
          

        
	

        	

        	
          
            Name: James P. Kelly
          

        
	

        	

        	
          
            Title: Managing Director
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          PNC BANK, NATIONAL ASSOCIATION
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Tracy J. DeCock
          

        
	

        	

        	
          
            Name: Tracy J. DeCock
          

        
	

        	

        	
          
            Title: Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          INTESA SANPAOLO S.P.A.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Glen Binder
          

        
	

        	

        	
          
            Name: Glen Binder
          

        
	

        	

        	
          
            Title: Vice President
          

        
	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Giancarlo Baiocchi
          

        
	

        	

        	
          
            Name: Giancarlo Baiocchi
          

        
	

        	

        	
          
            Title: First Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ George Stoecklein
        
	

        	

        	
          
            Name: George Stoecklein
          

        
	

        	

        	
          
            Title: Authorized Signatory
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          UBS LOAN FINANCE LLC
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Irja R. Otsa
        
	

        	

        	
          
            Name: Irja R. Otsa
          

        
	

        	

        	
          
            Title: Associate Director
          

        
	

        	
           
        
	

        	
          By:
        	
          /s/ Marie Haddad
        
	

        	

        	
          
            Name: Marie Haddad
          

        
	

        	

        	
          
            Title: Associate Director
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          THE BANK OF NEW YORK MELLON
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Daniel J. Lenckos
          

        
	

        	

        	
          
            Name: Daniel J. Lenckos
          

        
	

        	

        	
          
            Title: First Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          MIZUHO CORPORATE BANK LTD.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Hidekatsu Take
          

        
	

        	

        	
          
            Name: Hidekatsu Take
          

        
	

        	

        	
          
            Title: Deputy General Manager
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          
            COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.,
          

          
            “Rabobank Nederland”, NEW
          

          
            YORK BRANCH
          

        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Betty Mills
        
	

        	

        	
          
            Name: Betty Mills
          

        
	

        	

        	
          
            Title: Executive Director
          

        
	

        	
           
        
	

        	
          By:
        	
          /s/ Brett Delfino
        
	

        	

        	
          
            Name: Brett Delfino
          

        
	

        	

        	
          
            Title: Executive Director
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          SUNTRUST BANK
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ M. Gabe Bonfield
        
	

        	

        	
          
            Name: M. Gabe Bonfield
          

        
	

        	

        	
          
            Title: Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          DEUTSCHE BANK AG NEW YORK BRANCH
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Heidi Sandquist
        
	

        	

        	
          
            Name: Heidi Sandquist
          

        
	

        	

        	
          
            Title: Director
          

        
	

        	
           
        
	

        	
          By:
        	
          /s/ Ming K. Chu
        
	

        	

        	
          
            Name: Ming K. Chu
          

        
	

        	

        	
          
            Title: Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          US BANK, N.A.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Patrick McGrow
          

        
	

        	

        	
          
            Name: Patrick McGrow
          

        
	

        	

        	
          
            Title: Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          MORGAN STANLEY BANK, N.A.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Melissa James
        
	

        	

        	
          
            Name: Melissa James
          

        
	

        	

        	
          
            Title: Authorized Signatory
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          WELLS FARGO BANK, N.A.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Donald P. Schwartz
          

        
	

        	

        	
          
            Name: Donald P. Schwartz
          

        
	

        	

        	
          
            Title: Senior Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          NORTHERN TRUST COMPANY
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Michael J. Kingsley
          

        
	

        	

        	
          
            Name: Michael J. Kingsley
          

        
	

        	

        	
          
            Title: SUP
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          TORONTO DOMINION (NEW YORK) LLC
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Debbie Brito
          

        
	

        	

        	
          
            Name: Debbie Brito
          

        
	

        	

        	
          
            Title: Authorized Signatory
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ John W. Wade
        
	

        	

        	
          
            Name: John W. Wade
          

        
	

        	

        	
          
            Title: Deputy General Manager
Head of Operations and
Infrastructure
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          
            WESTPAC BANKING CORPORATION
          

        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Bradley Scammell
          

        
	

        	

        	
          
            Name: Bradley Scammell
          

        
	

        	

        	
          
            Title: Head of Corporate and Institutional Baking Americas
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          SOCIETE GENERAL
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Yao Wang
        
	

        	

        	
          
            Name: Yao Wang
          

        
	

        	

        	
          
            Title: Vice Persident
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          
            STANDARD CHARTERED BANK
          

        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ David J. Foster
          

        
	

        	

        	
          
            Name: David J. Foster
          

        
	

        	

        	
          
            Title: Director
          

        
	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Robert K. Reddington
          

        
	

        	

        	
          
            Name: Robert K. Reddington
          

        
	

        	

        	
          
            Title: AVP/Credit Documentation Credit Risk Control Standard
            Chartered Bank N.Y.
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          AGFIRST FARM CREDIT BANK
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Steven J. O’Shea
        
	

        	

        	
          
            Name: Steven J. O’Shea
          

        
	

        	

        	
          
            Title: Vice President
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
    	
           
        	
          COMERICA BANK
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Chris Rice
        
	

        	

        	
          
            Name: Chris Rice
          

        
	

        	

        	
          
            Title: Corporate Banking Officer
          

        

    

    
      [Signature Page to Three-Year Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      PRICING SCHEDULE
    

    
      The “Commitment Fee Rate” and the “Rate Floor”
      and the “Rate Ceiling” for the Applicable Margin for
      Euro-Currency Loans for any day are the respective percentages set forth
      below in the applicable row under the column corresponding to the Status
      Level that exists on such day:
    

    
    	
          Status Level
        	
          Level
I
        	
          Level
II
        	
          Level
III
        	
          Level
IV
        	
          Level
V
        
	
          Commitment Fee Rate
        	
          0.25%
        	
          0.375%
        	
          0.50%
        	
          0.625%
        	
          0.75%
        
	
          Applicable Margin Rate Floor
        	
          1.5%
        	
          1.5%
        	
          2.0%
        	
          3.0%
        	
          3.0%
        
	
          Applicable Margin Rate Ceiling
        	
          3.0%
        	
          3.0%
        	
          4.0%
        	
          5.0%
        	
          5.0%
        

    

    
      For purposes of this Schedule, the following terms have the following
      meanings, subject to the final paragraph below:
    

    
       “Level I Status” exists at any date if, at such date,
      the Company’s senior unsecured long-term debt is rated A- or higher by
      S&P, A3 or higher by Moody’s, and A- or higher by Fitch.
    

    
      “Level II Status” exists at any date if, at such date, the
      Company’s senior unsecured long-term debt is rated BBB+ by S&P, Baa1 by
      Moody’s, and BBB+ by Fitch.
    

    
      “Level III Status” exists at any date if, at such date, the
      Company’s senior unsecured long-term debt is rated BBB by S&P, Baa2 by
      Moody’s, and BBB by Fitch.
    

    
      “Level IV Status” exists at any date if, at such date, the
      Company’s senior unsecured long-term debt is rated BBB- by S&P, Baa3 by
      Moody’s, and BBB- by Fitch.
    

    
      “Level V Status” exists at any date if, at such date, no
      other Status Level exists.
    

    
      “Fitch” means Fitch Ratings, Ltd., a division of Fitch
      Inc.  
    

    
      “Moody’s” means Moody’s Investors Service, Inc.
    

    
      “S&P” means Standard & Poor’s Ratings Services, a
      division of The McGraw-Hill Companies, Inc.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      “Status Level” refers to the determination of which of
      Level I Status, Level II Status, Level III Status, Level IV Status or
      Level V Status exists at any date.
    

    
      If the designated ratings referred to in the definitions above are split
      and all three ratings fall in different Status Levels, the Status Level
      indicated by the middle rating shall be applicable.  If the designated
      ratings are split and two of the ratings fall in the same Status Level
      (the “Majority Status Level”) and the third rating is in a
      different level, the Majority Status Level shall be applicable.  If only
      two of the three ratings agencies issue a rating, the Status Level of
      such ratings shall apply if such ratings are in the same level, and the
      Status Level of the higher rating shall apply if not, provided
      that if the higher rating is two or more Status Levels above the lower
      rating, the rating next above the lower of the two shall apply.  If only
      one of such three agencies issues a rating, the Status Level of such
      rating shall apply.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      COMMITMENT SCHEDULE
    

    
      Commitment:
    

    
    	
          $83,333,333.33
        	
          JPMorgan Chase Bank, N.A.
        
	
          $83,333,333.33
        	
          Bank of America, N.A.
        
	
          $73,333,333.33
        	
          BNP Paribas
        
	
          $73,333,333.33
        	
          HSBC Bank USA, N.A.
        
	
          $73,333,333.33
        	
          PNC Bank, National Association
        
	
          $73,333,333.33
        	
          Intesa Sanpaolo S.p.A.
        
	
          $73,333,333.33
        	
          The Bank of Tokyo-Mitsubishi UFJ, Ltd.
        
	
          $73,333,333.33
        	
          UBS Loan Finance LLC
        
	
          $60,000,000
        	
          The Bank of New York Mellon
        
	
          $60,000,000
        	
          Mizuho Corporate Bank Ltd.
        
	
          $60,000,000
        	
          Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank
          Nederland”, New York Branch
        
	
          $60,000,000
        	
          SunTrust Bank
        
	
          $60,000,000
        	
          Deutsche Bank AG New York Branch
        
	
          $33,333,333.33
        	
          US Bank, N.A.
        
	
          $33,333,333.33
        	
          Morgan Stanley Bank, N.A.
        
	
          $33,333,333.33
        	
          Wells Fargo Bank, N.A.
        
	
          $33,333,333.33
        	
          Northern Trust Company
        
	
          $33,333,333.33
        	
          Toronto Dominion (New York) LLC
        
	
          $23,333,333.33
        	
          Australia and New Zealand Banking Group Limited
        
	
          $23,333,333.33
        	
          
            Westpac Banking Corporation
          

        
	
          $23,333,333.33
        	
          Societe General
        
	
          $23,333,333.33
        	
          
            Standard Chartered Bank
          

        
	
          $16,666,666.67
        	
          AgFirst Farm Credit Bank
        
	
          $16,666,666.67
        	
          Comerica Bank
        
	

        	
           
        
	
          Total Commitments
        	

        
	

        	
           
        
	
          
            $1,200,000,000.00
          

        	

        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT A
    

    
      NOTE
    

    
      For value received, H.J. HEINZ COMPANY, a Pennsylvania corporation, and
      H.J. HEINZ FINANCE COMPANY, a Delaware corporation, (the “Borrowers”),
      promise to pay to the order of
      [                                              ] (the “Bank”),
      for the account of its Applicable Lending Office, the unpaid principal
      amount of each Loan made by the Bank to the Borrowers pursuant to the
      Three-Year Credit Agreement referred to below on the maturity date
      provided for in the Three-Year Credit Agreement.  The Borrowers promise
      to pay interest on the unpaid principal amount of each such Loan on the
      dates and at the rate or rates provided for in the Three-Year Credit
      Agreement.  All such payments of principal and interest shall be made
      (i) if in Dollars, in lawful money of the United States in Federal or
      other immediately available funds at the office of JPMorgan Chase Bank,
      N.A., 270 Park Avenue, New York, New York or (ii) if in an Alternative
      Currency, in such funds as may then be customary for the settlement of
      international transactions in such Alternative Currency at the place
      specified for payment thereof pursuant to the Three-Year Credit
      Agreement.
    

    
      All Loans made by the Bank, the respective types thereof and all
      repayments of the principal thereof shall be recorded by the Bank and,
      if the Bank so elects in connection with any transfer or enforcement
      hereof, appropriate notations to evidence the foregoing information with
      respect to each such Loan then outstanding may be endorsed by the Bank
      on the schedule attached hereto, or on a continuation of such schedule
      attached to and made a part hereof; provided that the failure of
      the Bank to make any such recordation or endorsement or any error in any
      such recordation or endorsement shall not affect the obligations of the
      Borrowers hereunder or under the Three-Year Credit Agreement.
    

    
      This note is one of the Notes referred, and is executed and delivered
      pursuant to and subject to all of the terms of, the Three-Year Credit
      Agreement, dated as of April 29, 2009, among H.J. Heinz Company, H.J.
      Heinz Finance Company, the banks listed on the signature pages thereof
      and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may
      be amended, supplemented or otherwise modified from time to time, the “Three-Year
      Credit Agreement”).  Capitalized terms used herein but not otherwise
      defined shall have the meanings ascribed to them in the Three-Year
      Credit Agreement.  The terms and conditions of the Three-Year Credit
      Agreement are hereby incorporated in their entirety by reference as
      though fully set forth herein. Reference is made to the Three-Year
      Credit Agreement for provisions for mandatory and optional prepayment
      hereof and the acceleration of the maturity hereof.
    

    
      Demand, presentment, diligence, protest and notice of nonpayment are
      hereby waived by the Borrowers.  The nonexercise by the holder hereof of
      any of its rights hereunder in any particular instance shall not
      constitute a waiver thereof in that or any subsequent instance.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
      LAWS OF THE STATE OF NEW YORK.
    

    

    

    
      Dated:
    

    
    	
           
        	
          H.J. HEINZ COMPANY
a Pennsylvania corporation
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Name:
          

        
	

        	

        	
          
            Title:
          

        

    

    
    	
           
        	
          H.J. HEINZ FINANCE COMPANY
a Delaware corporation
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Name:
          

        
	

        	

        	
          
            Title:
          

        

    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      LOANS AND PAYMENTS OF PRINCIPAL
    

    

    

    
    	
          Date
        	
          Amount of Loan
        	
          Currency and Type of Loan
        	
          Amount of Principal Repaid
        	
          Notation Made By
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        
	
           
        	
           
        	
           
        	
           
        	
           
        

    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT B
    

    
      Form of Competitive Bid Quote Request
    

    
      [Date]
    

    
      To:       JPMorgan Chase Bank, N.A.
(the
      “Administrative Agent”)
    

    
      From:     [NAME OF BORROWER]
    

    
      Re:       Three-Year Credit Agreement (the “Credit
      Agreement”) dated as of April 29, 2009 among H.J. Heinz Company,
      H.J. Heinz Finance Company, the Banks listed on the signature pages
      thereof and the Administrative Agent.
    

    
      We hereby give notice pursuant to Section 2.03 of the Credit Agreement
      that we request Competitive Bid Quotes for the following proposed
      Competitive Bid Borrowing(s):
    

    
    	
          Date of Borrowing:
        	
           
        

    

    
    	
          
            Principal Amount1
          

        	
          
            Interest Period2
          

        
	

        	
           
        
	

        	
           
        
	
          $
        	

        

    

    
      Such Competitive Bid Quotes should offer a Competitive Bid [Margin]
      [Absolute Rate].  [The applicable base rate is the London Interbank
      Offered Rate.]
    

    
      Terms used herein have the meanings assigned to them in the Credit
      Agreement.
    

    
    	
           
        	
          
            [NAME OF BORROWER]
          

        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Title:
          

        
	

        	
          
             
          

        

    

    

    
      1 Amount must be $25,000,000 or a larger multiple of
      $5,000,000.
    

    
      2 Not less than one month (LIBOR Auction) or not less than 7
      days (Absolute Rate Auction), subject to the provisions of the
      definition of Interest Period.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT C
    

    
      Form of Invitation for Competitive Bid Quotes
    

    

    

    
      To:       [Name of Bank]
    

    
      Re:       Invitation for Competitive Bid Quotes to
      [                    ] (the “Borrower”)
    

    
      Pursuant to Section 2.03 of the Three-Year Credit Agreement dated as of
      April 29, 2009 among H.J. Heinz Company, H.J. Heinz Finance Company, the
      Banks parties thereto and the undersigned, as Administrative Agent, we
      are pleased on behalf of the Borrower to invite you to submit
      Competitive Bid Quotes to the Borrower for the following proposed
      Competitive Bid Borrowing(s):
    

    

    

    
    	
          Date of Borrowing:
        	
           
        

    

    

    

    
    	
          
            Principal Amount
          

        	
          
            Interest Period
          

        
	

        	
           
        
	

        	
           
        
	
          $
        	

        

    

    
      Such Competitive Bid Quotes should offer a Competitive Bid [Margin]
      [Absolute Rate].  [The applicable base rate is the London Interbank
      Offered Rate.]
    

    
      Please respond to this invitation by no later than [12:30 P.M.] [9:30
      A.M.] (New York City time) on [date].
    

    
    	
           
        	
          JPMORGAN CHASE BANK, N.A.
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Name:
          

        
	

        	

        	
          
            Title: Authorized Officer
          

        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT D
    

    
      Form of Competitive Bid Quote
    

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

    
      Re:       Competitive Bid Quote to [                    ] (the “Borrower”)
    

    
      In response to your invitation on behalf of the Borrower dated
      _____________, 200_, we hereby make the following Competitive Bid Quote
      on the following terms:
    

    
      1.        Quoting Bank:  ________________________________
    

    
      2.        Person to contact at Quoting Bank:_____________________________
    

    
      3.        Date of Borrowing: ____________________1
    

    
      4.        We hereby offer to make Competitive Bid Loan(s) in the
      following principal amounts, for the following Interest Periods and at
      the following rates:
    

    
    	
          
            Principal Amount2
          

        	
           
        	
          
            Interest Period3
          

        	
           
        	
          
            Competitive Bid [Margin4 ]
          

        	
           
        	
          
            [Absolute Rate5]
          

        
	

        	

        	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	

        	

        	
           
        
	
          $
        	

        	

        	

        	

        	

        	

        
	

        	

        	

        	

        	

        	

        	
           
        
	
          $
        	

        	

        	

        	

        	

        	

        

    

    

    

    

    

    

    
      1 As specified in the related Invitation.
    

    
      2  Principal amount bid for each Interest Period may not
      exceed principal amount requested.  Specify aggregate limitation if the
      sum of the individual offers exceeds the amount the Bank is willing to
      lend.  Bids must be made for $5,000,000 or a larger multiple of
      $1,000,000.
    

    
      3  Not less than one month or not less than 7 days, as
      specified in the related Invitation.  No more than five bids are
      permitted for each Interest Period.  
    

    
      4  Margin over or under the London Interbank Offered
      Rate determined for the applicable Interest Period.  Specify percentage
      to the nearest 1/10,000 of 1%) and specify whether APLUS” or AMINUS”.  
    

    
      5 Specify rate of interest per annum (to the nearest
      1/10,000th of 1%).
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      [Provided, that the aggregate principal amount of Competitive Bid Loans
      for which the above offers may be accepted shall not exceed $__________.]6
    

    
      We understand and agree that the offer(s) set forth above, subject to
      the satisfaction of the applicable conditions set forth in the
      Three-Year Credit Agreement dated as of April 29, 2009 among H.J. Heinz
      Company, H.J. Heinz Finance Company, the Banks listed on the signature
      pages thereof and yourselves, as Administrative Agent, irrevocably
      obligates us to make the Competitive Bid Loan(s) for which any offer(s)
      are accepted, in whole or in part.
    

    

    

    
    	

        	
           
        	
          
            Very truly yours,
          

        
	

        	

        	

        	
           
        
	

        	

        	
          
            [NAME OF BANK]
          

        
	

        	

        	

        	
           
        
	
          Dated:
        	
           
        	
          By:
        	
           
        
	

        	

        	

        	
          Authorized Officer
        

    

    

    

    

    
      6   Principal amount bid for each Interest Period may not
      exceed principal amount requested.  Specify aggregate limitation if the
      sum of the individual offers exceeds the amount the Bank is willing to
      lend.  Bids must be made for $5,000,000 or a larger multiple of
      $1,000,000.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT E
    

    
      OPINION OF
COUNSEL FOR THE COMPANY
    

    
      To the Banks and the Administrative Agent
Referred to Below
    

    
      c/o JPMorgan Chase Bank, N.A., as Administrative Agent
270 Park Avenue
New
      York, New York  10017
    

    
      Dear Sirs:
    

    
      I am the Executive Vice President & General Counsel of H.J. Heinz
      Company (the “Company”).  This opinion is being furnished
      pursuant to Section 3.01(b) of the Three-Year Credit Agreement (the “Credit
      Agreement”) dated as of April 29, 2009 among the Company, H.J. Heinz
      Finance Company (“Heinz Finance”), the banks listed on the
      signature pages thereof and JPMorgan Chase Bank, N.A., as Administrative
      Agent.  Terms defined in the Credit Agreement are used herein as therein
      defined.
    

    
      I or one of the attorneys under my supervision have examined originals
      or copies, certified or otherwise identified to our satisfaction, of
      such documents, corporate records, certificates of public officials and
      other instruments and have conducted such other investigations of fact
      and law as I have deemed necessary or advisable for purposes of this
      opinion.  In this examination, I have relied on statements of fact
      contained in the documents I have examined, and I have assumed the
      authenticity of all documents submitted to me as originals, the
      conformity to original documents of all documents submitted to me as
      reproductions or certified copes and the authenticity of the originals
      of such latter documents.
    

    
      Based on the foregoing, and with due regard to such legal considerations
      as I deem relevant, and subject to the qualifications stated below, it
      is my opinion that:
    

    
      1.        The Company is a corporation duly incorporated, validly
      existing and in good standing under the laws of the Commonwealth of
      Pennsylvania, and has all corporate powers and all material governmental
      licenses, authorizations, consents and approvals required to carry on
      its business as now conducted.
    

    
      2.        Heinz Finance is a corporation duly incorporated, validly
      existing and in good standing under the laws of the State of Delaware,
      and has all corporate powers and all material governmental licenses,
      authorizations, consents and approvals required to carry on its business
      as now conducted.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      3.        The execution, delivery and performance by the Company of the
      Credit Agreement and the Notes executed and delivered by it are within
      the Company’s corporate powers, have been duly authorized by all
      necessary corporate action, require no action by or in respect of, or
      filing with, any governmental body, agency or official and do not
      contravene, or constitute a default under, any provision of applicable
      law or the articles of incorporation or by-laws of the Company or, to
      the best of my knowledge, any applicable regulation, judgment,
      injunction, order, decree, material agreement or other material
      instrument binding upon the Company, or result in the creation or
      imposition of any Mortgage on any material asset of the Company.
    

    
      4.        The execution, delivery and performance by Heinz Finance of
      the Credit Agreement and the Notes executed and delivered by it are
      within Heinz Finance’s corporate powers, have been duly authorized by
      all necessary corporate action, require no action by or in respect of,
      or filing with, any governmental body, agency or official and do not
      contravene, or constitute a default under, any provision of applicable
      law or the articles of incorporation or by-laws of Heinz Finance or, to
      the best of my knowledge, any applicable regulation, judgment,
      injunction, order, decree, material agreement or other material
      instrument binding upon Heinz Finance, or result in the creation or
      imposition of any Mortgage on any material asset of the Heinz Finance.
    

    
      5.        The Credit Agreement constitutes a valid and binding agreement
      of the Company and the Notes (if any) executed and delivered by it
      constitute valid and binding obligations of the Company, in each case
      enforceable in accordance with their terms except as the same may be
      limited by bankruptcy, insolvency and other similar laws affecting
      creditors’ rights generally and by general equitable principles.
    

    
      6.        The Credit Agreement constitutes a valid and binding agreement
      of Heinz Finance and the Notes executed and delivered by it constitute
      valid and binding obligations of Heinz Finance, in each case enforceable
      in accordance with their terms except as the same may be limited by
      bankruptcy, insolvency and other similar laws affecting creditors’
      rights generally and by general equitable principles.
    

    
      7.        To the best of my knowledge, there are no legal or
      governmental proceedings pending or overtly threatened in writing to
      which the Company or any of its Subsidiaries is (or would be) a party or
      to which any property of the Company or any of its Subsidiaries is (or
      would be) subject, that, individually or in the aggregate, could
      reasonably be expected to have a material adverse effect on the
      consolidated financial position, shareholders’ equity or results of
      operations of the Company and its Subsidiaries, taken as a whole.
    

    
      8.        In a properly presented case, a Pennsylvania court would give
      effect to the provisions of the Credit Agreement providing that the
      Credit Agreement and the Notes shall be governed by and construed in
      accordance with the laws of the State of New York.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      I am qualified to practice law in the Commonwealth of Pennsylvania and
      the foregoing opinion is limited to the laws of the Commonwealth of
      Pennsylvania and the United States of America and the General
      Corporation Law of the State of Delaware.  I have assumed for the
      purposes of providing my opinions in paragraphs 5 and 6 that the Credit
      Agreement and the Notes are governed by the internal laws of the
      Commonwealth of Pennsylvania.
    

    
      This opinion is rendered solely to you in connection with the above
      matter.  This opinion may not be relied upon by you for any other
      purpose or relied upon by or furnished to any other person without my
      prior written consent.
    

    
    	
           
        	
          Very truly yours,
        

    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT F
    

    
      OPINION OF
DAVIS POLK & WARDWELL, SPECIAL COUNSEL
FOR THE
      COMPANY
    

    
      To JPMorgan Chase Bank, N.A., as Administrative Agent
      and each
      of the Banks listed on the
      signature pages of the Credit
      Agreement
       referred to below
    

    
      Ladies and Gentlemen:
    

    
      We have acted as special counsel for H.J. Heinz Company, a Pennsylvanian
      corporation (the “Company”) and H.J. Heinz Finance Company,
      a Delaware corporation (“Heinz Finance”) in connection with
      the $1,200,000,000 Three-Year Credit Agreement dated as of April 29,
      2009 (the “Credit Agreement”) among the Company, Heinz
      Finance, the banks listed on the signature pages thereof (the “Banks”)
      and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
      Agent”).  Terms used (but not defined) herein have the meanings
      assigned to them in the Credit Agreement.
    

    
      We have reviewed executed copies of:
    

    
      (a)       the Credit Agreement; and
    

    
      (b)       the Notes issued on the date hereof (the “Notes”).
    

    
      The documents listed in items (a) through (b) above are sometimes
      hereinafter referred to as the “Credit Documents”.  The
      Company and Heinz Finance are sometimes hereinafter referred to as the “Loan
      Parties”.
    

    
      We have also examined originals or copies, certified or otherwise
      identified to our satisfaction, of such documents, corporate records and
      certificates of public officials and officers of the Loan Parties and
      have conducted such other investigations of fact and law as we have
      deemed necessary or advisable for purposes of this opinion.
    

    
      Based on the foregoing, and subject to the assumptions and
      qualifications set forth below, we are of the opinion that:
    

    
      1.              Heinz Finance is a corporation validly existing and in
      good standing under the laws of the State of Delaware.
    

    
      2.              The execution, delivery and performance by Heinz Finance
      of each Credit Document are within its corporate powers and have been
      duly authorized by all necessary corporate action.  Heinz Finance has
      duly executed and delivered each Credit Document.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      3.              The execution, delivery and performance by Heinz Finance
      of each Credit Document require no action by or in respect of, or filing
      with, any governmental body, agency or official under United States
      federal or New York State law and do not (i) contravene, or constitute a
      default under, any provision of (a) applicable United States federal or
      New York State law or regulation or the Delaware General Corporation
      Law, in each case that in our experience is normally applicable to
      general business corporations in relation to transactions of the type
      contemplated by the Credit Documents or (b) the certificate of
      incorporation or by-laws or other constitutive documents of Heinz
      Finance.
    

    
      4.              Each of the Credit Agreement and the Notes constitutes a
      valid and binding agreement of each Loan Party, in each case,
      enforceable against such Loan Party in accordance with its terms.
    

    
      5.              Neither of the Loan Parties is required to register as
      an “investment company” within the meaning of the Investment Company Act
      of 1940, as amended.
    

    
      6.              The borrowings under the Credit Agreement and the use of
      proceeds thereof as contemplated by the Credit Agreement do not violate
      Regulation U or X of the Board of Governors of the Federal Reserve
      System.
    

    
      7.              The choice of New York law as the governing law of each
      of the Credit Documents is a valid choice of law.
    

    
      The foregoing opinions are subject to the following assumptions and
      qualifications:
    

    
      1.        Our opinion in paragraph 4 above is subject to applicable
      bankruptcy, insolvency and similar laws affecting creditors’ rights
      generally, concepts of reasonableness and equitable principles of
      general applicability.
    

    
      2.        We express no opinion as to any provision in the Credit
      Documents that purports to indemnify any Person for its own gross
      negligence or willful misconduct.
    

    
      3.        We express no opinion as to provisions in the Credit Documents
      that purport to create rights of set-off in favor of participants or
      that provide for set-off to be made otherwise than in accordance with
      applicable laws.
    

    
      4.        We express no opinion as to provisions in the Credit Documents
      that purport to waive objections to venue, claims that a particular
      jurisdiction is an inconvenient forum or the like.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      5.        We express no opinion as to whether a United States federal
      court would have subject-matter or personal jurisdiction over a
      controversy arising under the Credit Documents.
    

    
      6.        We express no opinion as to the United States federal
      securities laws or any state securities laws.
    

    
      7.        We have assumed that (i) the Company is validly existing and,
      to the extent applicable, in good standing under the laws of its
      jurisdiction of organization, (ii) the Company has duly executed and
      delivered each Credit Document, (iii) the execution, delivery and
      performance by the Company of each Credit Document are within its
      corporate powers, have been duly authorized by all necessary corporate
      action on the part of the Company and do not contravene the articles or
      certificate of incorporation or bylaws or other constitutive documents
      of the Company and (iv) the execution, delivery and performance by each
      Loan Party of each Credit Document do not contravene, or constitute a
      default under, any law, rule or regulation (other than United States
      federal and New York State laws, rules and regulations and, in the case
      of Heinz Finance, the Delaware General Corporation Law, in each case
      that in our experience are normally applicable to general business
      corporations in relation to transactions of the type contemplated by the
      Credit Documents) or any order, injunction, decree, agreement, contract
      or instrument to which it is a party or by which it is bound.
    

    
      8.        We express no opinion on the effectiveness of any service of
      process made other than in accordance with applicable law.
    

    
      9.        We express no opinion as to the effect (if any) of any law of
      any jurisdiction (except the State of New York) in which any Bank is
      located which may limit the rate of interest that such Bank may charge
      or collect.
    

    
      10.       As to various provisions in the Credit Documents that grant
      the Administrative Agent or the Banks certain rights to make
      determinations or take actions in their discretion, we assume that such
      discretion will be exercised in good faith and in a commercially
      reasonable manner.
    

    
      The foregoing opinion is limited to the laws of the State of New York,
      the federal laws of the United States of America and, with respect to
      paragraph 1 through paragraph 3 above only, the General Corporation Law
      of the State of Delaware.
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      This opinion is delivered to you in connection with the above matter.
      This opinion may not be relied upon by you for any other purpose or
      relied upon by any other person without our prior written consent.
    

    
      Very truly yours,
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT G
    

    
      ASSIGNMENT AND ASSUMPTION AGREEMENT
    

    
      AGREEMENT dated as of _________, 200_ among [ASSIGNOR] (the “Assignor”),
      [ASSIGNEE] (the “Assignee”), JPMORGAN CHASE BANK, N.A., as
      Administrative Agent (the “Administrative Agent”) and H.J.
      HEINZ COMPANY (the “Company”).
    

    
      W I T N E S S E T H
    

    
      WHEREAS, this Assignment and Assumption Agreement (the “Agreement”)
      relates to the Three-Year Credit Agreement dated as of April 29, 2009
      among H.J. Heinz Company, H.J. Heinz Finance Company, the Assignor and
      the other Banks party thereto, as Banks and the Administrative Agent,
      (as amended from time to time, the “Credit Agreement”);
    

    
      WHEREAS, as provided under the Credit Agreement, the Assignor has a
      Commitment to make Loans to the Borrowers in an aggregate Dollar Amount
      at any time outstanding not to exceed $__________;
    

    
      WHEREAS, Committed Loans made to the Borrowers by the Assignor under the
      Credit Agreement in the aggregate Dollar Amount of $__________ are
      outstanding at the date hereof; and
    

    
      WHEREAS, the Assignor proposes to assign to the Assignee all of the
      rights of the Assignor under the Credit Agreement in respect of a
      portion of its Commitment thereunder in a Dollar Amount equal to
      $__________ (the “Assigned Amount”), together with a
      corresponding portion of its outstanding Committed Loans, and the
      Assignee proposes to accept assignment of such rights and assume the
      corresponding obligations from the Assignor on such terms;
    

    
      NOW, THEREFORE, in consideration of the foregoing and the mutual
      agreements contained herein, the parties hereto agree as follows:
    

    
      Section 1.01.  Definitions.  All capitalized terms not
      otherwise defined herein shall have the respective meanings set forth in
      the Credit Agreement.
    

    
      Section 1.02.  Assignment.   The Assignor hereby
      assigns and sells to the Assignee all of the rights of the Assignor
      under the Credit Agreement to the extent of the Assigned Amount, and the
      Assignee hereby accepts such assignment from the Assignor and assumes
      all of the obligations of the Assignor under the Credit Agreement to the
      extent of the Assigned Amount, including the purchase from the Assignor
      of the corresponding portion of the principal amount of the Committed
      Loans made by the Assignor outstanding at the date hereof.  Upon the
      execution and delivery hereof by the Assignor, the Assignee, the
      Administrative Agent [and the Company], the payment of the amounts
      specified in Section 3 required to be paid on the date hereof and notice
      of the foregoing to the Administrative Agent, (i) the Assignee shall, as
      of the date hereof, succeed to the rights and be obligated to perform
      the obligations of a Bank under the Credit Agreement with a Commitment
      in an amount equal to the Assigned Amount, and (ii) the Commitment of
      the Assignor shall, as of the date hereof, be reduced by a like amount
      and the Assignor released from its obligations under the Credit
      Agreement to the extent such obligations have been assumed by the
      Assignee.  The assignment provided for herein shall be without recourse
      to the Assignor.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      Section 1.03.  Payments.   As consideration for the
      assignment and sale contemplated in Section 2 hereof, the Assignee shall
      pay to the Assignor on the date hereof in Federal funds the amount
      heretofore agreed between them. It is understood that commitment fees in
      respect of the Assigned Amount accrued to the date hereof are for the
      account of the Assignor and such fees accruing from and including the
      date hereof are for the account of the Assignee.  Each of the Assignor
      and the Assignee hereby agrees that if it receives any amount under the
      Credit Agreement which is for the account of the other party hereto, it
      shall receive the same for the account of such other party to the extent
      of such other party’s interest therein and shall promptly pay the same
      to such other party.
    

    
      Section 1.04.  Consent.  This Agreement is conditioned
      upon the consent of the Administrative Agent [and the Company] pursuant
      to Section 9.06(c) of the Credit Agreement.  The execution of this
      Agreement is evidence of such consent.
    

    
      Section 1.05.  Non-reliance on Assignor.  The Assignor
      makes no representation or warranty in connection with, and shall have
      no responsibility with respect to, the solvency, financial condition, or
      statements of the Borrowers, or the validity and enforceability of the
      obligations of the Borrowers in respect of the Credit Agreement or any
      Note.  The Assignee acknowledges that it has, independently and without
      reliance on the Assignor, and based on such documents and information as
      it has deemed appropriate, made its own credit analysis and decision to
      enter into this Agreement and will continue to be responsible for making
      its own independent appraisal of the business, affairs and financial
      condition of the Borrowers.
    

    
      Section 1.06.  Governing Law.  This Agreement shall be
      governed by and construed in accordance with the laws of the State of
      New York.
    

    
      Section 1.07.  Counterparts.   This Agreement may be
      signed in any number of counterparts, each of which shall be an
      original, with the same effect as if the signatures thereto and hereto
      were upon the same instrument.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      IN WITNESS WHEREOF, the parties have caused this Agreement to be
      executed and delivered by their duly authorized officers as of the date
      first above written.
    

    
    	
           
        	
          [ASSIGNOR]
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Title:
          

        

    

    

    

    
    	
           
        	
          [ASSIGNEE]
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Title:
          

        

    

    

    

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

        	
           
        
	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Title:
          

        

    

    

    

    
    	
           
        	
          [H.J. HEINZ COMPANY
        
	

        	
           
        
	

        	
           
        
	

        	
          By:
        	
           
        
	

        	

        	
          
            Title:]
          

        
	

        	
          
             
          

        

    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      EXHIBIT H
    

    
      MANDATORY COSTS RATE
    

    
      1.      The Mandatory Cost is an addition to the interest rate to
      compensate Banks for the cost of compliance with (a) the requirements of
      the Bank of England and/or the Financial Services Authority (or, in
      either case, any other authority which replaces all or any of its
      functions) or (b) the requirements of the European Central Bank.
    

    
      2.      On the first day of each Interest Period (or as soon as possible
      thereafter) the Administrative Agent shall calculate, as a percentage
      rate, a rate (the "Additional Cost Rate") for each Bank, in
      accordance with the paragraphs set out below.  The Mandatory Cost will
      be calculated by the Administrative Agent as a weighted average of the
      Banks' Additional Cost Rates (weighted in proportion to the percentage
      participation of each Bank in the relevant Loan) and will be expressed
      as a percentage rate per annum.
    

    
      3.      The Additional Cost Rate for any Bank lending from a facility
      office in a Participating Member State will be the percentage notified
      by that Bank to the Administrative Agent.  This percentage will be
      certified by that Bank in its notice to the Administrative Agent to be
      its reasonable determination of the cost (expressed as a percentage of
      that Bank's participation in all Loans made from that facility office)
      of complying with the minimum reserve requirements of the European
      Central Bank in respect of loans made from that facility office.
    

    
      4.      The Additional Cost Rate for any Bank lending from a facility
      office in the United Kingdom will be calculated by the Administrative
      Agent as follows:
    

    
      (a)                in relation to a sterling Loan:
    

    
      

    

    
       per cent. per annum
    

    
      (b)                in relation to a Loan in any currency other than
      sterling:
    

    
      

    

    
       per cent. per annum.
    

    
      Where:
    

    
      A         is the percentage of Eligible Liabilities (assuming these to
      be in excess of any stated minimum) which that Bank is from time to time
      required to maintain as an interest free cash ratio deposit with the
      Bank of England to comply with cash ratio requirements.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      B         is the percentage rate of interest (excluding the Applicable
      Margin and the Mandatory Cost and, if applicable, the additional rate of
      interest specified in Section 2.07(c)) payable for the relevant Interest
      Period on the Euro-Currency Loan.
    

    
      C         is the percentage (if any) of Eligible Liabilities which that
      Bank is required from time to time to maintain as interest bearing
      Special Deposits with the Bank of England.
    

    
      D         is the percentage rate per annum payable by the Bank of
      England to the Administrative Agent on interest bearing Special Deposits.
    

    
      E         is designed to compensate Banks for amounts payable under the
      Fees Rules and is calculated by the Administrative Agent as being the
      average of the most recent rates of charge supplied by the Reference
      Banks to the Administrative Agent pursuant to paragraph 7 below and
      expressed in pounds per £1,000,000.
    

    
      5.      For the purposes of this Exhibit:
    

    
      (a)                "Eligible
      Liabilities" and "Special Deposits" have the
      meanings given to them from time to time under or pursuant to the Bank
      of England Act 1998 or (as may be appropriate) by the Bank of England;
    

    
      (b)                "Fees
      Rules" means the rules on periodic fees contained in the FSA
      Supervision Manual or such other law or regulation as may be in force
      from time to time in respect of the payment of fees for the acceptance
      of deposits;
    

    
      (c)                "Fee
      Tariffs" means the fee tariffs specified in the Fees Rules under the
      activity group A.1 Deposit acceptors (ignoring any minimum fee or zero
      rated fee required pursuant to the Fees Rules but taking into account
      any applicable discount rate); and
    

    
      (d)                "Tariff
      Base" has the meaning given to it in, and will be calculated in
      accordance with, the Fees Rules.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      6.      In application of the above formulae, A, B, C and D will be
      included in the formulae as percentages (i.e. 5 per cent. will be
      included in the formula as 5 and not as 0.05).  A negative result
      obtained by subtracting D from B shall be taken as zero.  The resulting
      figures shall be rounded to four decimal places.
    

    
      7.      If requested by the Administrative Agent, each Reference Bank
      shall, as soon as practicable after publication by the Financial
      Services Authority, supply to the Administrative Agent, the rate of
      charge payable by that Reference Bank to the Financial Services
      Authority pursuant to the Fees Rules in respect of the relevant
      financial year of the Financial Services Authority (calculated for this
      purpose by that Reference Bank as being the average of the Fee Tariffs
      applicable to that Reference Bank for that financial year) and expressed
      in pounds per £1,000,000 of the Tariff Base of that Reference Bank.
    

    
      8.      Each Bank shall supply any information required by the
      Administrative Agent for the purpose of calculating its Additional Cost
      Rate.  In particular, but without limitation, each Bank shall supply the
      following information on or prior to the date on which it becomes a Bank:
    

    
      (e)                the jurisdiction of its facility office; and
    

    
      (f)                any other information that the Administrative Agent
      may reasonably require for such purpose.
    

    
      Each Bank shall promptly notify the Administrative Agent of any change
      to the information provided by it pursuant to this paragraph.
    

    
      9.      The percentages of each Bank for the purpose of A and C above
      and the rates of charge of each Reference Bank for the purpose of E
      above shall be determined by the Administrative Agent based upon the
      information supplied to it pursuant to paragraphs 7 and 8 above and on
      the assumption that, unless a Bank notifies the Administrative Agent to
      the contrary, each Bank's obligations in relation to cash ratio deposits
      and Special Deposits are the same as those of a typical bank from its
      jurisdiction of incorporation with a facility office in the same
      jurisdiction as its facility office.
    

    
      10.     The Administrative Agent shall have no liability to any person
      if such determination results in an Additional Cost Rate which over or
      under compensates any Bank and shall be entitled to assume that the
      information provided by any Bank or Reference Bank pursuant to
      paragraphs 3, 7 and 8 above is true and correct in all respects.  
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
      11.     The Administrative Agent shall distribute the additional amounts
      received as a result of the Mandatory Cost to the Banks on the basis of
      the Additional Cost Rate for each Bank based on the information provided
      by each Bank and each Reference Bank pursuant to paragraphs 3, 7 and 8
      above.
    

    
      12.     Any determination by the Administrative Agent pursuant to this
      Exhibit in relation to a formula, the Mandatory Cost, an Additional Cost
      Rate or any amount payable to a Bank shall, in the absence of manifest
      error, be conclusive and binding on all parties to this agreement.
    

    
      13.     The Administrative Agent may from time to time, after
      consultation with the Company and the Banks, determine and notify to all
      Parties any amendments which are required to be made to this Exhibit in
      order to comply with any change in law, regulation or any requirements
      from time to time imposed by the Bank of England, the Financial Services
      Authority or the European Central Bank (or, in any case, any other
      authority which replaces all or any of its functions) and any such
      determination shall, in the absence of manifest error, be conclusive and
      binding on all parties to this agreement.
    

    
      4

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