Document:

EX-4.1

 

EXHIBIT 4.1

31 JULY 2007

PEPSICO, INC.

as Issuer

THE BANK OF NEW YORK

as Agent and Paying Agent

 

SUPPLEMENTAL AGENCY AGREEMENT

relating to a Restated and Amended Agency Agreement dated 21 July 2006

in respect of a U.S.$2,500,000,000

EURO MEDIUM TERM NOTE

PROGRAMME

 

 

 

CONTENTS

	 	 	 
	CLAUSE

	 	PAGE
	 
	 	 
	1.     INTERPRETATION

	 	I
	2.     AMENDMENTS TO THE AGENCY AGREEMENT

	 	I
	3.     DESCRIPTIVE HEADINGS

	 	I
	4.     GOVERNING LAW AND SUBMISSION TO JURISDICTION

	 	II
	5.     CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999

	 	II
	6.     COUNTERPARTS

	 	II

 

 

This Supplemental Agency Agreement is made as of 31 July 2007

Between:

	(1)	 	PEPSICO, INC. of 700 Anderson Hill Road, Purchase, New York 10577 (the Issuer);
	 
	(2)	 	THE BANK OF NEW YORK of One Canada Square, London, E14 5AL.
	 
	(3)	 	THE BANK OF NEW YORK (LUXEMBOURG) S.A. of Aerogolf Center 1A Hoehenhof, Senningerberg L -
1736 Luxembourg.

Whereas:

(A) The parties hereto entered into a restated and amended Agency Agreement dated 21 July 2006 (the
Restated and Amended Agency Agreement) in respect of a U.S.$2,500,000,000 Euro Medium Term Note
Programme (the Programme) of the Issuer.

(B) The parties hereto have agreed to make certain modifications to the Restated and Amended Agency
Agreement by way of this Supplementary Agency Agreement.

(C) As the result of the acquisition of the agency business of JPMorgan Chase Bank N.A. by The Bank
of New York, JPMorgan Chase Bank N.A. has been replaced as Agent and J.P. Morgan Bank Luxembourg
S.A. has been replaced as Paying Agent by The Bank of New York (Luxembourg) S.A. under the
Programme.

It is hereby agreed as follows:

1. Interpretation

1.1 Capitalised terms used in this Supplemental Agency Agreement but not defined herein shall have
the meanings given to them in the Restated and Amended Agency Agreement.

2. Amendments to the Restated and Amended Agency Agreement

2.1 All references in the Restated and Amended Agency Agreement to “JPMorgan Chase Bank N.A.” as
Agent shall instead be construed as “The Bank of New York”.

2.2 All references in the Restated and Amended Agency Agreement to “J.P. Morgan Bank Luxembourg
S.A.” as Paying Agent shall instead be construed as “The Bank of New York (Luxembourg) S.A.”.

3. Descriptive headings

The descriptive headings in this Agreement are for convenience of reference only and shall not
define or limit the provisions hereof.

 

 

4. Governing law and submission to jurisdiction

4.1 This Agreement is governed by, and shall be construed in accordance with, the laws of England.

4.2 The Issuer hereby irrevocably agrees, for the exclusive benefit of The Bank of New York in its
capacities under the Restated and Amended Agency Agreement, that the courts of England are to have
jurisdiction to settle any disputes which may arise out of or in connection with the Restated and
Amended Agency Agreement (as supplemented by this Agreement) and that accordingly any suit, action
or proceedings (together referred to as the Proceedings) arising out of or in connection with the
Restated and Amended Agency Agreement (as supplemented by this Agreement) may be brought in such
courts. The Issuer hereby irrevocably waives any objection which it may have now or hereafter to
the laying of the venue of any such Proceedings in any such court and any claim that any such
Proceedings have been brought in an inconvenient forum and hereby further irrevocably agrees that a
judgment in any such Proceedings brought in the English courts shall be conclusive and binding upon
it and may be enforced in the courts of any other jurisdiction Nothing contained in this Clause
shall limit any right to take Proceedings against the Issuer in any other court of competent
jurisdiction, nor shall the taking of Proceedings in one or more jurisdictions preclude the taking
of Proceedings in any other jurisdiction, whether concurrently or not. The Issuer hereby appoints
PepsiCo International Limited at its registered office at 63 Kew Road, Richmond, Surrey, England
TW9 2QL (Attention: Division Counsel) as its agent for service of process, and undertakes that, in
the event of PepsiCo International Limited ceasing so to act or ceasing to be registered in
England, it will appoint another person, as the Agent may approve, as its agent for service of
process in England in respect of any Proceedings. Nothing herein shall affect the right to serve
process in any other manner permitted by law.

5. Contracts (Rights of Third Parties) Act 1999

A person who is not a party to this Agreement shall have no right under the Contracts (Rights of
Third Parties) Act 1999 to enforce any of its terms.

6. Counterparts

This Agreement my be executed by any one or more of the parties hereto in any number of
counterparts, each of which shall be deemed to be an original, but all such counterparts shall
together constitute one and the same instrument.

in witness whereof the parties hereto have executed this Agreement as of the date first
above written.

 

 

PEPSICO, INC.

	 	 	 	 	 
	By: 

Name:

	 	/s/ Lionel L. Nowell III
 

Lionel L. Nowell III
	 	 
	Title:

	 	Senior Vice President and Treasurer	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ J. Darrell Thomas
 

J. Darrell Thomas
	 	 
	Title:

	 	Vice President and Assistant Treasurer	 	 
	 
	 	 	 	 
	THE BANK

	 	OF NEW YORK.	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Jason Blondell
 

Jason Blondell
	 	 
	Title:

	 	Authorized Signatory	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Luc Biever
 

Luc Biever
	 	 
	Title:

	 	Authorized Signatory	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Murielle Antoine
 

Murielle Antoine
	 	 
	Title:

	 	Vice PresidentEX-10.1

 

Exhibit 10.1

July 19, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below increase to its Commitment by $100,000,000 (for an aggregate maximum
Commitment of not more than $400,000,000).

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	Citibank, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Carolyn Kee
	 

	 	 	 	 
	 

	 	Name:
	 	Carolyn Kee
	 

	 	Title:
	 	Authorized Signatory

 

 

June 6, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below agrees to increase its Commitment by $100 million (for an aggregate
maximum Commitment of not more than $400 million).

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Thomas T. Hou
	 

	 	 	 	 
	 

	 	Name:
	 	Thomas T. Hou
	 

	 	Title:
	 	Executive Director

 

 

June 19, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below increase to its Commitment by $50,000,000 (for an aggregate maximum
Commitment of not more than $200,000,000).

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	HSBC Bank USA, NA
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Thomas A. Foley
	 

	 	 	 	 
	 

	 	Name:
	 	Thomas A. Foley
	 

	 	Title:
	 	Senior Vice President

 

 

July 2, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below increase to its Commitment by $50,000,000.00 (for an aggregate maximum
Commitment of not more than $200,000,000.00).

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	Merrill Lynch Bank USA	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Louis Alder
 

Louis Alder
	 	 
	 

	 	Title:
	 	Director	 	 

 

 

July 3, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below increase to its Commitment by $50,000,000 for an aggregate maximum
Commitment of not more than $200,000,000.

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	Morgan Stanley Bank	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel Twenge
 

Daniel Twenge
	 	 
	 

	 	Title:
	 	Authorized Signatory	 	 

 

 

July 18, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below increases its Commitment by $50 million (for an aggregate maximum
Commitment of not more than $200 million).

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	UBS Loan Finance LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Irja R. Otsa
 

	 	 
	 

	 	Name:
	 	Irja R. Otsa	 	 
	 

	 	Title:
	 	Associate Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David D. Julie
 

	 	 
	 

	 	Name:
	 	David D. Julie	 	 
	 

	 	Title:
	 	Associate Director	 	 

 

 

July 12, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below increases its Commitment by $34,000,000 (for an aggregate maximum
Commitment of not more than $134,000,000).

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	Banco Bilbao Vizcaya Argentaria S.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Emilio de las Heras
 

Emilio de las Heras
	 	 
	 

	 	Title:
	 	Head of New York	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ John Martini
 

John Martini
	 	 
	 

	 	Title:
	 	Vice President	 	 

 

 

July 20, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below increase to its Commitment by $33,333,333 (for an aggregate maximum
Commitment of not more than $133,333,333).

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	Bank of America, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David L. Catherall
 

David L. Catherall
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

 

 

July 25, 2007

Citibank, N.A.,

390 Greenwich

New York, NY 10013

Fax: (646) 843-3644

Attention: Nikhil Arora

PepsiCo, Inc.

Ladies and Gentlemen:

     Reference is made to the Five-Year Credit Agreement, dated as of May 22, 2006 (as amended or
modified from time to time, the “Credit Agreement,” terms defined therein and not otherwise
defined herein being used herein as defined therein), among PepsiCo, Inc., a North Carolina
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) parties
thereto, Citibank, N.A., as agent for the Lenders (the “Agent”), Citigroup Global Markets
Inc. and J.P. Morgan Securities Inc., as joint lead arrangers, and JPMorgan Chase Bank, N.A., as
syndication agent. Terms defined in the Credit Agreement are used herein with the same meaning
unless otherwise defined herein.

     Pursuant to Section 2.05(c)(iv) of the Credit Agreement, the Lender named below hereby
notifies the Agent as follows:

The Lender named below does consent increase to its Commitment by $33,333,333.33 to an
aggregate maximum Commitment of not more than $133,333,333.33.

     This notice and consent is subject in all respects to the terms of the Credit Agreement, is
irrevocable and shall be effectively only if received by the Agent no later than July 25, 2007.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	The Bank of New York	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Donald G. Cassidy, Jr.
 

Donald G. Cassidy, Jr.
	 	 
	 

	 	Title:
	 	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]