Document:

Supplemental Indenture No. 4, dated as of May 22, 2008

 Exhibit 4.1 
 EXECUTION COPY 
 GENWORTH FINANCIAL, INC. 
 AND 
 THE BANK OF NEW YORK TRUST
COMPANY, N.A., 
 as Trustee 
  
  
 SUPPLEMENTAL INDENTURE NO. 4

 Dated as of May 22, 2008 
  
  

 THIS SUPPLEMENTAL INDENTURE No. 4 (this “Supplemental Indenture No. 4”), dated
as of May 22, 2008, is between GENWORTH FINANCIAL, INC., a Delaware corporation (the “Company”), and THE BANK OF NEW YORK TRUST COMPANY, N.A. (as successor to JPMorgan Chase Bank, N.A.), a national banking association, as
Trustee (the “Trustee”). 
 R E C I T A L S 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture dated as of June 15, 2004 (the “Base Indenture”) and Supplemental Indenture No. 1 dated as of
June 15, 2004 (the “First Supplemental Indenture”), Supplemental Indenture No. 2 dated as of September 19, 2005 (the “Second Supplemental Indenture”), and Supplemental Indenture No. 3 dated as of
June 12, 2007 (the “Third Supplemental Indenture”), each between the Company and the Trustee (the Base Indenture, together with the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental
Indenture and this Supplemental Indenture No. 4, the “Indenture”), providing for the issuance from time to time of series of the Company’s Securities; 
 WHEREAS, Section 10.01(d) of the Base Indenture provides for the Company and the Trustee to enter into an indenture supplemental to the Base
Indenture to establish the forms or terms of Securities of any series as permitted by Section 2.01 or Section 2.02 of the Base Indenture; 
 WHEREAS, pursuant to Section 2.02 of the Base Indenture, the Company wishes to provide for the issuance of a new series of Securities to be known as its 6.515% Senior Notes due 2018 (the “Notes”), the form and terms of
such Notes and the terms, provisions and conditions thereof to be set forth as provided in this Supplemental Indenture No. 4; and 
 WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture No. 4 and all requirements necessary to make this Supplemental Indenture No. 4 a valid, binding and enforceable instrument in
accordance with its terms, and to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid, binding and enforceable obligations of the Company, have been done and performed, and the execution and
delivery of this Supplemental Indenture No. 4 has been duly authorized in all respects; 
 NOW, THEREFORE, in consideration of the
covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  

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 ARTICLE 1 
 DEFINITIONS 
 Section 1.01. Relation to Base Indenture. This Supplemental
Indenture No. 4 constitutes an integral part of the Base Indenture. 
 Section 1.02. Definition Of Terms. For all
purposes of this Supplemental Indenture No. 4: 
 (a) Capitalized terms used herein without definition shall have the meanings
set forth in the Base Indenture; 
 (b) a term defined anywhere in this Supplemental Indenture No. 4 has the same meaning
throughout; 
 (c) the singular includes the plural and vice versa; 
 (d) headings are for convenience of reference only and do not affect interpretation; 
 (e) the following terms have the meanings given to them in this Section 1.02(e): 
 “Business Day” shall mean, unless otherwise specified, any calendar day that is not a Saturday, Sunday or legal holiday in New York, New
York and on which commercial banks are open for business in New York, New York. 
 “Comparable Treasury Issue” shall mean
the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes. 
 “Comparable Treasury Price” shall mean, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations, or (B) if the Independent Investment Banker obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations or, if only one such Quotation is obtained,
such Quotation. 
 “Global Note” shall have the meaning set forth in Section 2.04. 
  

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 “Independent Investment Banker” shall mean an independent investment banking institution
of national standing appointed by the Company, which may be one of the Reference Treasury Dealers. 
 “Interest Payment
Date” shall have the meaning set forth in Section 2.05(b). 
 “Maturity Date” shall have the meaning set forth
in Section 2.02. 
 “Record Date” shall mean, with respect to any Interest Payment Date for the Notes, the first day,
whether or not a Business Day, of the calendar month in which such Interest Payment Date falls. 
 “Redemption Date” shall
mean, with respect to any redemption of Notes, the date fixed for such redemption pursuant to the Indenture and such Notes. 
 “Reference Treasury Dealer” shall mean (i) each of Deutsche Bank Securities Inc., Morgan Stanley & Co. Incorporated and UBS Securities LLC and their respective successors, provided, however, that if any
of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer and (ii) any other Primary
Treasury Dealer selected by the Company. 
 “Reference Treasury Dealer Quotations” shall mean, with respect to each
Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted
in writing to the Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m. on the third Business Day preceding such Redemption Date. 
 “Treasury Rate” shall mean, with respect to any Redemption Date, (i) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently
published statistical release designated “H.15 (519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury
securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Remaining Life, yields
for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month),
(ii) if the period from the 

  

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Redemption Date to the Maturity Date of the Notes to be redeemed is less than one year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year will be used, or (iii) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal
to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such
Redemption Date. The Treasury Rate shall be calculated by the Company on the third Business Day preceding such Redemption Date. The Trustee shall not be responsible for any such calculation. 
 The terms “Company,” “Trustee,” “Indenture,” “Base Indenture,” and
“Notes” shall have the respective meanings set forth in the recitals to this Supplemental Indenture No. 4 and the paragraph preceding such recitals. 
 ARTICLE 2 
 GENERAL TERMS AND CONDITIONS
OF THE NOTES 
 Section 2.01. Designation and Principal Amount. The Notes may
be issued from time to time upon written order of the Company for the authentication and delivery of Notes pursuant to Section 2.03 of the Base Indenture. There is hereby authorized a series of Securities designated as the 6.515% Senior Notes
due 2018 limited in aggregate principal amount to U.S. $600,000,000 (except for Notes authenticated and delivered in accordance with the last paragraph of Section 2.02 of the Base Indenture or upon registration of transfer of, or in exchange
for, or in lieu of, other Notes pursuant to Sections 2.06, 2.07, 2.08, 3.03 or 10.04 of the Base Indenture). 
 Section 2.02.
Maturity. The date upon which the Notes shall become due and payable at final maturity, together with any accrued and unpaid interest, is May 22, 2018 (the “Maturity Date”). 
 Section 2.03. Form, Payment and Appointment. Except as provided in Section 2.04, the Notes shall be issued in fully registered,
certificated form. Principal of and interest on the Notes will be payable, the transfer of such Notes will be registrable, and such Notes will be exchangeable for Notes of a like aggregate principal amount, at the office or agency of the Company
maintained for such purpose in the Borough of Manhattan, The City of New York, which shall initially be the Principal Office of the Trustee in the Borough of Manhattan, the City of New York; provided, however, that payment of interest may be
made at the option of the Company by check mailed to the Person entitled thereto at such address as shall appear in the Security register or by wire transfer to an 

  

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account appropriately designated by the Person entitled to payment; provided, that the paying agent shall have received written notice of such account
designation at least five Business Days prior to the date of such payment (subject to surrender of the relevant Note in the case of a payment of interest on a Redemption Date or the Maturity Date). 
 No service charge shall be made for any registration of transfer or exchange of the Notes, but the Company may require payment from the holder of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
 The Security registrar and paying
agent for the Notes shall initially be the Trustee. 
 The Notes shall be issuable in denominations of U.S. $2,000 and integral multiples of
U.S. $1,000 in excess of $2,000. 
 The Specified Currency of the Notes shall be U.S. Dollars. 
 Section 2.04. Global Notes. The Notes shall be issued initially in the form of one or more permanent Global Securities in registered
form (each, a “Global Note”), deposited with The Depository Trust Company or such other Depositary as any officer of the Company may from time to time designate. Unless and until such Global Note is exchanged for Notes in
certificated form, such Global Note may be transferred, in whole but not in part, and any payments on the Notes shall be made, only to the Depositary or a nominee of the Depositary, or to a successor Depositary selected or approved by the Company or
to a nominee of such successor Depositary. 
 Section 2.05. Interest. (a) Interest payable on any Interest
Payment Date, the Maturity Date or, if applicable, the Redemption Date, with respect to the Notes shall be the amount of interest accrued from, and including, the immediately preceding Interest Payment Date in respect of which interest has been paid
or duly provided for (or from and including the original issue date of May 22, 2008, if no interest has been paid or duly provided for with respect to the Notes) to, but excluding, such Interest Payment Date, Maturity Date or, if applicable,
Redemption Date, as the case may be (each, an “Interest Period”). 
 (b) The Notes will bear interest at the rate of
6.515% per year from the original issue date thereof to the Maturity Date. Interest on the Notes shall be payable semi-annually in arrears on May 22 and November 22 of each year (each, an “Interest Payment Date”),
commencing November 22, 2008, to the Persons in whose names the relevant Notes are registered at the close of business on the 

  

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Record Date for such Interest Payment Date, except as provided in Section 2.05(d). 
 (c) The amount of interest payable for any full semi-annual Interest Period will be computed on the basis of a 360-day year consisting of twelve
30-day months. The amount of interest payable for any period shorter than a full semi-annual Interest Period for which interest is computed will be computed on the basis of a 30-day month and, for any period less than a month, on the basis of the
actual number of days elapsed per 30-day month. In the event that any scheduled Interest Payment Date for the Notes falls on a day that is not a Business Day, then payment of interest payable on such Interest Payment Date will be postponed to the
next succeeding day which is a Business Day (and no interest on such payment will accrue for the period from and after such scheduled Interest Payment Date). 
 (d) In the event that the Maturity Date or a Redemption Date for any Note falls on a day that is not a Business Day, then the related payments of principal, premium, if any, and interest may be made on the next
succeeding day that is a Business Day (and no additional interest will accumulate on the amount payable for the period from and after the Maturity Date or a Redemption Date, as the case may be). Interest due on the Maturity Date or a Redemption Date
(in each case, whether or not an Interest Payment Date) of any Notes will be paid to the Person to whom principal of such Notes is payable. 
 Section 2.06. No Sinking Fund. The Notes are not entitled to the benefit of any sinking fund. 
 ARTICLE 3

 REDEMPTION OF THE NOTES 
 Section 3.01. Optional Redemption by Company. Except as otherwise may be specified in this Supplemental Indenture No. 4, the
Company shall have the right to redeem the Notes, in whole or in part, at any time or from time to time, at a redemption price (the “Optional Redemption Price”) equal to the greater of: 
 (i) 100% of the principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date; and 
 (ii) the sum of the present values of the remaining scheduled payments of principal and interest (exclusive of interest accrued to
the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 40.0 basis points, plus accrued and unpaid interest 

  

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on the principal amount being redeemed to, but excluding, the Redemption Date. 
 The Company will mail notice of such redemption to the registered holders of the Notes to be redeemed not less than 30 nor more than 60 days prior to the Redemption Date. If Notes are only partially redeemed pursuant
to this Section 3.01, the Notes to be redeemed will be selected by the Trustee in such manner as in its sole discretion it shall deem appropriate and fair; provided, that if at the time of redemption the Notes to be redeemed are
registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of the Notes to be redeemed held by each of its participants that holds a position in such Notes. The Optional Redemption Price
shall be paid prior to 12:00 noon, New York time, on the Redemption Date or at such later time as is then permitted by the rules of the Depositary for the Notes (if then registered as a Global Note); provided, that the Company shall deposit
with the Trustee an amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid. 
 Section 3.02. No Other Redemption. Except as set forth in Section 3.01, the Notes shall not be redeemable by the Company prior to the Maturity Date. The provisions of this Article 3 shall supersede
any conflicting provisions contained in Article 3 of the Base Indenture. 
 ARTICLE 4 
 FORM OF NOTES 
 Section 4.01.
Form of Notes. 
 The Notes and the Trustee’s Certificate of Authentication to be endorsed thereon are to be substantially in the forms
attached as Exhibit A hereto, with such changes therein as the officers of the Company executing the Notes (by manual or facsimile signature) may approve, such approval to be conclusively evidenced by their execution thereof. 
 ARTICLE 5 
 ORIGINAL
ISSUE OF NOTES 
 Section 5.01. Original Issue of Notes. Notes having an
aggregate principal amount of U.S. $600,000,000 (subject to the last paragraph of Section 2.02 of the Base Indenture) may from time to time, upon execution of this Supplemental Indenture No. 4, be executed by the Company and delivered to
the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Notes to or upon the written order of the Company pursuant to 

  

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Section 2.03 of the Base Indenture without any further action by the Company (other than as required by the Base Indenture). 
 ARTICLE 6 
 SUPPLEMENTAL
INDENTURES 
 Section 6.01. Supplemental Indentures with Consent of holders of Notes. As set forth in
Section 10.02 of the Base Indenture, with the consent of the holders of a majority in the aggregate principal amount of Securities of each series affected by such supplemental indenture at the time outstanding, the Company and the Trustee may
from time to time and at any time enter into an indenture or indentures supplemental to the Base Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Base Indenture or this
Supplemental Indenture No. 4 or of modifying in any manner the rights of the holders of the Securities. 
 ARTICLE 7 
 MISCELLANEOUS 
 Section 7.01. Ratification of Indenture. The Base Indenture, as supplemented by this Supplemental Indenture No. 4, is in all respects ratified and confirmed, and this Supplemental Indenture No. 4 shall be deemed
part of the Base Indenture in the manner and to the extent herein and therein provided. 
 Section 7.02. Trustee Not
Responsible for Recitals. The recitals herein contained are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency
of this Supplemental Indenture No. 4. 
 Section 7.03. New York Law To Govern. THIS SUPPLEMENTAL INDENTURE NO. 4 AND
EACH NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE. 
 Section 7.04. Separability. In case any one or more of the provisions contained in this Supplemental Indenture No. 4 or in the
Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, then, to the extent permitted by law, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture
No. 4 or of the Notes, but this Supplemental Indenture No. 4 and the Notes shall be construed as if such 

  

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invalid or illegal or unenforceable provision had never been contained herein or therein. 
 Section 7.05. Counterparts. This Supplemental Indenture No. 4 may be executed in any number of counterparts each of which shall
be an original, but such counterparts shall together constitute but one and the same instrument. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 4 to be duly
executed, as of the day and year first written above. 
  

					
	GENWORTH FINANCIAL, INC.
		
	By:	 	/s/ Patrick B. Kelleher
		 	Name:	 	Patrick B. Kelleher
		 	Title:	 	Senior Vice President –
Chief Financial Officer
	
	 THE BANK OF NEW YORK TRUST
COMPANY, N.A.,

	
	as Trustee
		
	By:	 	/s/ R. Tarnas
		 	Name:	 	R. Tarnas
		 	Title:	 	Vice President

 EXHIBIT A 
 [IF THIS NOTE IS TO BE A GLOBAL SECURITY, INSERT:] 
 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE OF THE DEPOSITORY TRUST COMPANY. THIS NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY TO A NOMINEE OF THE DEPOSITORY TRUST COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO THE DEPOSITORY TRUST
COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST COMPANY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 GENWORTH FINANCIAL, INC. 

6.515% Note due 2018 
 CUSIP:
37247D AK2 
  

			
	No. [        ]	  	$ [        ]            

 GENWORTH FINANCIAL, INC., a corporation organized and existing under the laws of Delaware
(hereinafter called the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                    , or registered assigns, 

  

 A-1 

 
[the principal sum of $
                    ]1 on May 22,
2018 (such date is hereinafter referred to as the “Maturity Date”), and to pay interest thereon from May 22, 2008 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually
in arrears on May 22 and November 22 of each year (each, an “Interest Payment Date”), commencing November 22, 2008 at the rate of 6.515% per annum, on the basis of a 360-day year consisting of twelve 30-day
months, until the principal hereof is paid or duly provided for or made available for payment. The amount of interest payable for any period shorter than a full semi-annual Interest Period for which interest is computed will be computed on the basis
of a 30-day month and, for any period less than a month, on the basis of the actual number of days elapsed per 30-day month. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the person in whose name the relevant Notes, or any predecessor Notes, are registered at the close of business on the Record Date for such Interest Payment Date; provided that the interest due on the Maturity Date or a
Redemption Date (in each case, whether or not an Interest Payment Date) of a Note of this series will be paid to the Person to whom principal of such Note is payable. 
 Payment of the principal of and interest on this Note will be made at the office or agency of the Company maintained for that purpose in The City of New York, which shall initially be the Principal Office of the
Trustee located therein, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that payment of interest may be made at the option of the
Company by check mailed to the Person entitled thereto at such address as shall appear in the Security register or by wire transfer to an account appropriately designated by the Person entitled to payment provided, that the paying agent shall
have received written notice of such account designation at least five Business Days prior to the date of such payment (subject to surrender of the relevant Note in the case of a payment of interest on a Redemption Date or on the Maturity Date).

 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Note shall not 
  

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	 USE THE FOLLOWING LANGUAGE INSTEAD FOR GLOBAL NOTES: [the principal sum as set forth in the Schedule of Increases or
Decreases In Note attached hereto] 

  

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 be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

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 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
 Dated: 
  

					
	GENWORTH FINANCIAL, INC.
		
	By:	 	 
		 	Name:	 	Patrick B. Kelleher
		 	Title:	 	Senior Vice President –
Chief Financial Officer
		
	By:	 	 
		 	Name:	 	Gary T. Prizzia
		 	Title:	 	Vice President and Treasurer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein described in the within-mentioned Indenture. 
  

			
	Dated:                     
	
	 THE BANK OF NEW YORK
 TRUST COMPANY, N.A.,

 as Trustee

		
	By:	 	 
		 	Authorized Signatory

  

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 REVERSE OF NOTE 
 This Note is one of a duly authorized issue of securities of the Company (herein called the “Notes”), issued and to be issued in one or more series under an Indenture (the “Base
Indenture”), dated as of June 15, 2004, between the Company and The Bank of New York Trust Company, N.A. (as successor to JPMorgan Bank, N.A.), as Trustee (herein called the “Trustee”, which term includes any successor
trustee), as amended and supplemented by Supplemental Indenture No. 1, dated as of June 15, 2004, between the Company and the Trustee (“Supplemental Indenture No. 1”), Supplemental Indenture No. 2, dated as of
September 19, 2005, between the Company and the Trustee (the “Supplemental Indenture No. 2”), Supplemental Indenture No. 3, dated as of June 12, 2007, between the Company and the Trustee (“Supplemental
Indenture No. 3”) and Supplemental Indenture No. 4, dated as of May 22, 2008, between the Company and the Trustee (“Supplemental Indenture No. 4” and together with the Supplemental Indenture No. 1,
Supplemental Indenture No. 2, Supplemental Indenture No. 3 and the Base Indenture, the “Indenture”), to which Indenture reference is hereby made for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, initially limited in
aggregate principal amount to $600,000,000. 
 All terms used in this Note that are defined in the Indenture shall have the meaning assigned
to them in the Indenture. 
 The Company shall have the right to redeem this Note at the option of the Company, without premium or penalty,
in whole or in part (an “Optional Redemption”), at a redemption price (the “Optional Redemption Price”) equal to the greater of: 
 (i) 100% of the principal amount plus accrued and unpaid interest to the Redemption Date; and 
 (ii) the sum
of the present values of the remaining scheduled payments of principal and interest (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate plus 40 basis points plus accrued interest on the principal amount being redeemed to the Redemption Date. 
 The
Company will mail notice of such redemption to the registered holders of the Notes of this series to be redeemed not less than 30 nor more than 

  

 A-R-1 

 
60 days prior to the Redemption Date. If Notes of this series are only partially redeemed pursuant to the preceding paragraph, the Notes of this series to be
redeemed will be selected by the Trustee in such manner as in its sole discretion it shall deem appropriate and fair; provided, that if at the time of redemption the Notes of this series to be redeemed are registered as a Global Note, the
Depositary shall determine, in accordance with its procedures, the principal amount of the Notes of this series to be redeemed held by each of its participants that holds a position in such Notes. The Optional Redemption Price shall be paid prior to
12:00 noon, New York time, on the Redemption Date or at such later time as is then permitted by the rules of the Depositary for the related Notes (if then registered as a Global Note) provided that the Company shall deposit with the Trustee an
amount sufficient to pay the Optional Redemption Price by 10:00 a.m., New York time, on the date such Optional Redemption Price is to be paid. 
 In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. Except as set forth in the preceding
paragraphs and in Article 3 of the Supplemental Indenture No. 4, the Company may not redeem the Notes of this series at its option prior to the Maturity Date. 
 The Notes of this series are not entitled to the benefit of any sinking fund. 
 The Indenture contains
provisions for defeasance of the obligations of the Company at any time upon compliance by the Company with certain conditions set forth therein, which provisions apply to the Notes of this series. 
 If an Event of Default with respect to Notes of this series shall occur and be continuing, the principal of the Notes of this series may be declared due
and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the holders of the Notes at any time by the Company and the Trustee with the consent of the holders of a majority in principal amount
of the Notes of each series (each series voting as a class) affected thereby and at the time Outstanding. The Indenture also contains provisions permitting the holders of specified percentages in principal amount of the Notes of a series at the time
Outstanding, on behalf of the holders of all Notes of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the holder of this Note shall be conclusive and binding upon such holder and
upon all future holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
  

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 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Note is registrable in the Security register, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Note are payable, duly endorsed by, or accompanied
by a written instrument of transfer in form satisfactory to the Company and the Security registrar duly executed by the holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes of this
series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 in excess of $2,000, except as provided for in Section 2.04 of Supplemental Indenture No. 4. As provided in the
Indenture and subject to certain limitations therein set forth, Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the holder surrendering the
same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 THIS NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF SAID STATE. 
  

 A-R-3 

 ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned assigns and transfers this Note to: 
  
  
  
  
  
  
 (Insert assignee’s social security or tax identification
number) 
  
  
  
  
  
  
  
  
  
 (Insert address and zip code of assignee) 
 and irrevocably appoints 
  
  
  
  
  
  
  
  
  
 agent to transfer this Note on the books of the Company. The agent may substitute another to act for him or her. 
 Date:
                     
  

			
	Signature:
		
	 	 	 
		
	Signature Guarantee:	 	 

 (Sign exactly as your name appears on the other side of this Note) 

 SIGNATURE GUARANTEE 
 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Security registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

 SCHEDULE OF INCREASES OR DECREASES IN NOTE 
 The initial principal amount of this Note is $[500,000,000][100,000,000]. The following increases or decreases in the principal amount of this Note have been made:

  

									
	Date	  	Amount of
decrease in
principal
amount of this
Note	  	Amount of
increase in
principal
amount of this
Note	  	Principal
amount of this
Note following
such decrease or
increase	  	Signature of
authorized
signatory of
TrusteeUncommitted Line of Credit Agreement

 Exhibit 10.1 
 UNCOMMITTED LINE OF CREDIT AGREEMENT 
 Uncommitted Line of Credit Agreement (as amended or otherwise
modified from time to time, this “Agreement”), dated as of May 16, 2008, is between Smithfield Foods, Inc. (“Smithfield”), The Smithfield Packing Company, Incorporated (“Smithfield Packing”,
and together with Smithfield, the “Borrowers”) and Citibank, N.A (the “Lender”). 
 The Borrowers and the
Lender hereby agree as follows: 
 1. The Lender agrees to consider from time to time, from the Effective Date (as defined in
Section 8) until November 18, 2008 (such date, or the earlier termination of this Agreement pursuant to Section 11, being the “Termination Date”), the Borrowers’ requests that the Lender make advances
(“Advances”) to them in an aggregate amount not to exceed (i) prior to the Title Policy Delivery Date (as defined below), $100,000,000 and (ii) from and after the Title Policy Delivery Date, $150,000,000, at any one time
outstanding. The proceeds of the Advances are to be used solely for general corporate purposes. This letter is not a commitment to lend but rather sets forth the procedures to be used in connection with the Borrowers’ requests for the
Lender’s making of Advances to it from time to time on or prior to the Termination Date and, if the Lender makes Advances to the Borrowers hereunder, the Borrowers’ obligations to the Lender with respect thereto. 
 The term “Title Policy Delivery Date” means the date on which the Lender shall have received an original fully paid loan policy of title
insurance from a nationally recognized title insurance company reasonably satisfactory to the Lender insuring the lien of the Deed of Trust (as defined on Schedule I hereto) as a first priority mortgage lien on the real property described in
the Deed of Trust in an amount equal to $150,000,000, which policy shall contain no exceptions to title that would, in the reasonable opinion of the Lender, materially impair the value of such property, and which policy shall be in form and
substance reasonably satisfactory to the Lender. 
 2. Each request by the Borrowers to the Lender for an Advance based on the Eurodollar
Rate (as defined in Section 4) (a “Eurodollar Rate Advance”) will be given not later than 2:00 P.M. (New York City time) three Business Days (as defined below) prior to the date of such proposed Advance, and each request by the
Borrowers to the Lender for an Advance based on a Quoted Rate (as defined in Section 4) (a “Quoted Rate Advance”) will be given not later than 11:00 A.M. (New York City time) on the date of such proposed Advance. Each request
will specify (i) the date on which the Borrowers wish the Advance to be made (which will be a day of the year on which banks are not required or authorized by law to close in New York City (“Business Day”)), (ii) the
amount they wish to borrow (which will be in the amount of $1,000,000 or an integral multiple thereof), (iii) the interest period (“Interest Period”) they wish to apply to such Advance, and (iv) whether such Advance will
be a Eurodollar Rate Advance or a Quoted Rate Advance. The duration of each Interest Period will be, with respect to Eurodollar Rate Advances, one, two or three months, and with respect to Quoted Rate Advances, a term requested by the Borrowers and
agreed to by the Lender, provided that (i) the Borrowers may not select any Interest Period that ends after the Termination Date; (ii) whenever the last day of an Interest Period would otherwise occur on a day other than a Business
Day, the last day of such Interest Period will be extended to occur on the next succeeding Business Day, provided that, in the case of a Eurodollar Rate Advance, if such extension would cause the last day of such Interest Period to occur in
the next following calendar month, the last day of such Interest Period will occur on the next preceding Business Day; and (iii) with respect to a Eurodollar Rate Advance, whenever the first day of any Interest Period occurs on a day of an
initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar 

 
month by the number of months equal to the number of months in such Interest Period, such Interest Period will end on the last Business Day of such
succeeding calendar month. If the Lender agrees to make such Advance, it will make such funds available to the Borrowers in same day funds by crediting the account specified by the Borrowers prior to the making of such Advance. 
 3. The Borrowers will repay the principal amount of each Advance on the earliest to occur of DEMAND, the last day of the Interest Period for such Advance
and the Termination Date, together with accrued interest thereon. The Borrowers may prepay any Advance made to them in whole or in part on any Business Day, provided that (i) the Borrowers have given the Lender at least three Business
Days’ irrevocable written notice of such prepayment (and on the date specified for such prepayment in such notice, the Borrowers will prepay the amount of the Advance to be prepaid, together with accrued interest thereon to the date of
prepayment and any other amounts payable by the Borrowers pursuant to Section 15), and (ii) each partial prepayment will be in a principal amount of at least $1,000,000. 
 4. The Borrowers will pay interest on the unpaid principal amount of each Advance made to them from the date of such Advance until such principal amount
is paid in full, in the case of a Eurodollar Rate Advance, at a rate equal to the Eurodollar Rate for the Interest Period for such Advance, and in the case of a Quoted Rate Advance, at a rate equal to the Quoted Rate for such Advance, in each case
payable in arrears on DEMAND, or if no demand has been made, on the last day of the Interest Period for such Advance. Any overdue amount of principal, interest or other amount payable hereunder will bear interest, payable on demand, at the Base Rate
(as defined below) plus 2% per annum. 
 “Eurodollar Rate” means, for any Interest Period for any Eurodollar
Rate Advance, an interest rate per annum equal to the rate per annum obtained by dividing (i) the sum of (x) the rate per annum at which deposits in U.S. Dollars are offered by Citibank, N.A.’s principal office in London, England to
prime banks in the London interbank market at 11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an amount substantially equal to such Advance and for a period equal to such Interest Period, plus
(y) 4.000%, by (ii) a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage (as defined below) for such Interest Period. “Eurodollar Rate Reserve Percentage” means, for any Interest Period for any
Eurodollar Rate Advance, the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for
determining the maximum reserve requirement (including without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets
consisting of or including Eurocurrency Liabilities (having the meaning assigned to such term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time) (or with respect to any other category of
liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period. 
 “Quoted Rate” means, for any Quoted Rate Advance, a rate quoted by the Lender and agreed to by the Borrowers for such Advance. 
 “Base Rate” means an interest rate per annum equal to the sum of (i) a fluctuating rate of interest announced publicly by Citibank,
N.A. in New York, New York from time to time as its base rate, plus (ii) 3.000%. 
  

 2 

 5. Promptly after the making of a Quoted Rate Advance, the Lender will send the Borrowers a written
confirmation of the Quoted Rate and Interest Period therefor. Unless the Borrowers object in writing to the information contained in such confirmation within three Business Days after the Lender’s sending of such confirmation to the Borrowers,
the Borrowers will be deemed to have unconditionally agreed for all purposes to the correctness of such information. If the Borrowers so object to the Quoted Rate set forth in any such confirmation, such Quoted Rate Advance will be payable with
interest at the Base Rate rather than at the Quoted Rate so objected to. Any Quoted Rate Advance bearing interest at the Base Rate or payable on demand pursuant to this Section will continue to be an “Advance” for the purposes of this
Agreement. 
 6. If, due to either (i) the introduction of or any change in or in the interpretation of any law or regulation or
(ii) the compliance with any guideline or request from any central bank or other governmental authority (whether or not having the force of law), there is any increase in the cost to the Lender of agreeing to make or making, funding or
maintaining Advances, then the Borrowers will from time to time, upon the Lender’s demand, pay to the Lender additional amounts sufficient to compensate the Lender for such increased cost. In addition, if the Lender determines that compliance
with any law or regulation or any guideline or request from any central bank or other governmental authority (whether or not having the force of law) after the date hereof affects or would affect the amount of capital required or expected to be
maintained by the Lender or any corporation controlling the Lender and that the amount of such capital is increased by or based upon the existence of Advances hereunder, then, upon the Lender’s demand, the Borrowers will immediately pay to the
Lender, from time to time as specified by the Lender, additional amounts sufficient to compensate the Lender or such corporation in the light of such circumstances, to the extent that the Lender reasonably determines such increase in capital to be
allocable to the existence of the Advances hereunder. A certificate as to such amounts submitted to the Borrowers by the Lender will be conclusive and binding for all purposes, absent manifest error. Notwithstanding any other provision of this
Agreement, if the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for the Lender to fund or maintain Advances made
hereunder, then, on notice thereof and demand therefor made by the Lender, each Advance will automatically, upon such demand, convert into an Advance accruing interest at the Base Rate. Any Advance accruing interest at the Base Rate will continue to
be an “Advance” for the purposes of this Agreement. 
 7. The Borrowers will make each payment (whether in respect of principal,
interest or otherwise) payable by it hereunder, irrespective of any right of counterclaim or set-off, not later than 2:00 P.M. (New York City time) on the day when due in U.S. dollars to the Lender at 399 Park Avenue, New York, NY 10022 in same day
funds. All computations of interest will be made by the Lender on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is
payable. Each determination by the Lender of an interest rate hereunder will be conclusive and binding for all purposes, absent manifest error. Whenever any payment hereunder is stated to be due on a day other than a Business Day, such payment will
be made on the next succeeding Business Day, and such extension of time will in such case be included in the computation of payment of interest. 
 8. This Agreement will become effective on and as of the date (the “Effective Date”) on which the Lender has received a counterpart of this Agreement duly executed by the Borrowers and the Lender. The Borrowers covenant to
deliver to the Lender the documents set forth on Schedule I attached hereto, each in form and substance satisfactory to the Lender, on or before the initial Advance. In addition, the Borrowers covenant to deliver to the Lender the title insurance
policy described in the definition of Title Policy Delivery Date in Section 1 above on or before June 30, 2008. 
  

 3 

 9. Each request by the Borrowers for an Advance and the acceptance by the Borrowers of the proceeds of
such Advance will constitute a representation and warranty by the Borrowers that on the date of such Advance the representations and warranties contained in Section 10 are correct on and as of the date of such Advance, before and after giving
effect to such Advance and to the application of the proceeds therefrom, as though made on and as of such date (other than any such representations or warranties that, by their terms, refer to a date other than the date of such Advance). In
addition, each Borrower agrees to deliver to the Lender such other documents and other information requested by the Lender in connection with an Advance requested by such Borrower. 
 10. Each of the Borrowers represents and warrants as follows: 
 (a) It is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation.

 (b) The execution, delivery and performance by such Borrower of this Agreement, the Deed of Trust (as defined in
Schedule I hereto) and the Security Agreement (as defined in Schedule I hereto) (this Agreement, the Deed of Trust and the Security Agreement are collectively referred to as the “Loan Documents”) to which it is a
party, and the consummation of the transactions contemplated hereby, are within such Borrower’s corporate powers and authority, have been duly authorized by all necessary corporate action, and do not contravene (i) its charter or by-laws
or (ii) any law or any contractual restriction binding on or affecting it. 
 (c) No authorization or approval or other
action by, and no notice to or filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by such Borrower of the Loan Documents to which it is a party. 

(d) Each Loan Document has been duly executed and delivered by each Borrower party thereto, and is such Borrower’s legal, valid
and binding obligation enforceable against such Borrower in accordance with its terms. 
 (e) The consolidated balance sheet
of Smithfield and its subsidiaries as at January 27, 2008, and the related consolidated statements of income and cash flow of Smithfield and its subsidiaries for the fiscal year then ended, fairly present the consolidated financial condition of
Smithfield and its subsidiaries as at such date and the consolidated results of operations of Smithfield and its subsidiaries for the period ended on such date, all in accordance with generally accepted accounting principles consistently applied.

 (f) Since January 27, 2008, there has been no material adverse change in the business, operations, condition
(financial or otherwise) or prospects of Smithfield and its subsidiaries taken as a whole. 
 (g) There is no pending or
threatened action, suit, investigation, litigation or proceeding affecting Smithfield or its subsidiaries before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a material adverse 

  

 4 

 
effect on the business, operations, condition (financial or otherwise) or prospects of either Borrower and its subsidiaries taken as a whole, the
Lender’s rights and remedies under any Loan Document, or the Borrowers’ ability to perform their obligations under any Loan Document to which they are party, or (ii) purports to affect the legality, validity or enforceability of any
Loan Document or the consummation of the transactions contemplated hereby. 
 (h) Neither of the Borrowers is an
“investment company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
 (i) No report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of either
Borrower to the Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or
omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to any projected financial information, the Borrowers represent only
that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 
 (j) No
proceeds of any Advance will be used to purchase or carry any margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System) or to extend credit to others for the purpose of purchasing or carrying
any margin stock. 
 11. This Agreement may be terminated by the Borrowers or the Lender by giving written notice of termination to the other
parties hereto, but no such termination will affect the Borrowers’ obligations with respect to Advances outstanding at the time of such termination. 
 12. All notices and other communications provided for hereunder will be in writing (including
telecopier communication) and mailed, telecopied or delivered, if to Smithfield, at its address at Smithfield Foods, Inc., 200 Commerce Street, Smithfield, VA 23430, Attention: Carey Dubois, Chief Financial Officer; if to Smithfield Packing, at its
address at c/o Smithfield Foods, Inc., 111 Commerce Street, Smithfield, VA 23430, Attention: Carey Dubois, Chief Financial Officer; if to the Lender, at its address at Citibank, N.A., 388 Greenwich Street, 23rd Floor, New York, NY 10013, Attention: Robert Kane, Global Consumer and Healthcare Department (Fax#: 212-816-8301); or, as to either party, at such other address as is designated by
such party in a written notice to the other party. All such notices and communications will, when mailed or telecopied, be effective three Business Days after deposit in the mails, or when telecopied, respectively, except that notices and
communications to the Lender pursuant to Sections 2, 3 or 11 will not be effective until received by the Lender. 
 13. No failure on the
Lender’s part to exercise, and no delay in exercising, any right hereunder will operate as a waiver thereof; nor will any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other
right. The remedies provided herein are cumulative and not exclusive of any remedies provided by law. 
 14. (a) The Borrowers agree to
pay on demand all of the Lender’s out-of-pocket costs and expenses (including without limitation, reasonable counsel fees and expenses) in connection with the preparation, execution, delivery, administration, modification, amendment and
enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement. 
  

 5 

 (b) The Borrowers will indemnify and hold harmless the Lender, its affiliates and each of its and their
respective officers, directors, employees, agents, advisors and representatives (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including without limitation, fees and
disbursements of counsel), that may be incurred by or asserted or awarded against any Indemnified Party (including without limitation, in connection with any investigation, litigation or proceeding, or the preparation of a defense in connection
therewith), in each case arising out of or in connection with this Agreement, any of the transactions contemplated hereby or any actual or proposed use of the proceeds of the Advances, except to the extent such claim, damage, loss, liability or
expense is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted primarily from such Indemnified Party’s gross negligence or willful misconduct. In the case of an investigation, litigation or other
proceeding to which the indemnity in this Section applies, such indemnity will be effective whether or not such investigation, litigation or proceeding is brought by any Borrower, any of its directors, security holders or creditors, an Indemnified
Party or any other person, or any Indemnified Party is otherwise a party thereto, and whether or not the transactions contemplated hereby are consummated. 
 (c) No Indemnified Party will have any liability (whether in contract, tort or otherwise) to any Borrower or any of its security holders or creditors for or in connection with the transactions contemplated hereby,
except for direct damages (as opposed to special, indirect, consequential or punitive damages (including without limitation, any loss of profits, business or anticipated savings)) determined in a final non-appealable judgment by a court of competent
jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct. 
 15. If the Borrowers make any
payment of principal of any Advance on any day other than the last day of the Interest Period applicable thereto (as a result of a prepayment, demand, conversion of the interest rate for any Advance to the Base Rate pursuant to Section 5 or 6,
or otherwise), or if the Borrowers fail to borrow or prepay any Advance after the Borrowers have given the Lender notice thereof and, in the case of a borrowing, the Lender has agreed to make such Advance, the Borrowers will, upon demand by the
Lender, pay the Lender any amounts required to compensate the Lender for any losses, costs or expenses that the Lender may reasonably incur as a result of such payment or failure to borrow or prepay. 
 16. This Agreement is binding upon and will inure to the benefit of the Borrowers, the Lender and their respective successors and assigns, except that
the Borrowers will not have the right to assign their rights or obligations hereunder or any interest herein without the Lender’s prior written consent. The Lender may, with the written consent of the Borrowers (which consent will not be
unreasonably withheld), assign to one or more persons all or a portion of its rights and obligations under this Agreement, provided that the consent of the Borrowers will not be required in connection with an assignment to an affiliate of the
Lender. Notwithstanding any other provisions set forth in this Agreement, the Lender may at any time create a security interest in all or any portion of the Lender’s rights under this Agreement in favor of any Federal Reserve Bank. 

17. This Agreement will be governed by, and construed in accordance with, the laws of the State of New York. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when so executed will be deemed to be an original and all of which taken together will constitute one and the same agreement. 
  

 6 

 18. The Borrowers hereby irrevocably (i) submit to the non-exclusive jurisdiction of any New York
State or Federal court sitting in New York City in any action or proceeding arising out of or relating to this Agreement, (ii) agree that all claims in respect of such action or proceeding may be heard and determined in such New York State
court or in such Federal court, (iii) waive, to the fullest extent it may effectively do so, the defense of an inconvenient forum to the maintenance of such action or proceeding, and (iv) irrevocably consent to the service of any and all
process in any such action or proceeding by the mailing of copies of such process to the Borrowers at their addresses specified in Section 12. The Borrowers agree that a final judgment in any such action or proceeding will be conclusive and may
be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing herein will affect the Lender’s right to serve legal process in any other manner permitted by law or affect the Lender’s right to
bring any action or proceeding against any Borrower or its property in the courts of other jurisdictions. 
 19. If a payment has not been
made by the Borrowers when due hereunder, the Lender and each of its affiliates is authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other obligations at any time owing by the Lender or any of its affiliates to or for any Borrower’s credit or account against any and all of the Borrowers’ obligations now or hereafter existing
under this Agreement, irrespective of whether the Lender has made demand under this Agreement and although such obligations may be unmatured. The Lender’s rights under this Section are in addition to other rights and remedies (including without
limitation, other rights of set-off) which the Lender may have. 
 20. Each of the parties hereto hereby irrevocably waives all right to
trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement, the Advances or the Lender’s actions in the negotiation, administration, performance or
enforcement hereof or thereof. 
 21. Each Borrower agrees that it is jointly and severally liable for all liabilities and obligations owed
to the Lender under this Agreement and the other Loan Documents. Each Borrower is liable for all amounts due to the Lender from any Borrower under this Agreement and the other Loan Documents regardless of which Borrower actually receives the
proceeds of any Advance made hereunder. Each Borrower agrees that if such Borrower’s joint and several liability hereunder, or if the liens securing such joint and several liability, would, but for the application of this sentence, be
unenforceable under applicable law, such joint and several liability and each such lien shall be valid and enforceable to the maximum extent that would not cause such joint and several liability or such lien to be unenforceable under applicable law,
and such joint and several liability and such lien shall be deemed to have been automatically amended accordingly at all relevant times. 
 [Remainder of Page Intentionally Left Blank; Signature Page Follows] 
  

 7 

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

			
	SMITHFIELD FOODS, INC.
		
	By:	 	 /s/ Carey J. Dubois

	Name:	 	Carey J. Dubois
	Title:	 	VP & CFO
	
	THE SMITHFIELD PACKING COMPANY, INCORPORATED
		
	By:	 	 /s/ Carey J. Dubois

	Name:	 	Carey J. Dubois
	Title:	 	Vice President
	
	CITIBANK, N.A.
		
	By:	 	 /s/ Robert J. Kane

	Name:	 	Robert J. Kane
	Title:	 	Vice President

 Schedule I 
 Closing Documents 
  

	1.	Deed of Trust, Assignment of Leases and Security Agreement among Smithfield Packing, the Lender and First American Title Insurance Company, as Trustee (“Deed of
Trust”) 

  

	2.	Security Agreement from Smithfield Packing in favor of the Lender (the “Security Agreement”) 

  

	3.	Certified copies of the resolutions of the Board of Directors of Smithfield approving this Agreement, and of all other documents evidencing necessary corporate action and
governmental and other third party approvals, if any, with respect to this Agreement 

  

	4.	Certificate of the Secretary or Assistant Secretary of Smithfield certifying the names and true signatures of Smithfield’s officers authorized to sign this Agreement and the
other documents to be delivered hereunder and to request Advances hereunder 

  

	5.	Certified copies of the resolutions of the Board of Directors of Smithfield Packing approving this Agreement, the other Loan Documents and of all other documents evidencing
necessary corporate action and governmental and other third party approvals, if any, with respect to this Agreement and the other Loan Documents 

  

	6.	Certificate of the Secretary or Assistant Secretary of Smithfield Packing certifying the names and true signatures of Smithfield’s officers authorized to sign this Agreement,
the other Loan Documents and the other documents to be delivered hereunder and to request Advances hereunder 

  

	7.	Good Standing Certificate for Smithfield from the Secretary of State of the Commonwealth of Virginia 

  

	8.	Good Standing Certificate for Smithfield Packing from the Secretary of State of the State of Delaware 

  

	9.	Certificate of authority to transact business as a foreign corporation for the State of North Carolina for Smithfield Packing 

  

	10.	Searches of Uniform Commercial Code filings with the Secretary of State of the State of Delaware for Smithfield Packing 

  

	11.	Uniform Commercial Code financing statements for filing with the Secretary of State of the State of Delaware for Smithfield Packing 

  

	12.	Legal opinion of McGuire Woods LLP, North Carolina, New York and Virginia counsel to the Borrowers counsel.

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