Document:

Exhibit 10.2

Execution
      Version

    

    
      $600,000,000

364-DAY
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
        	
          10
        
	
          Section 1.03
        	
          Types of Borrowings
        	
          10
        
	
           
        
	
          Article 2
The Credits
        
	
           
        
	
          Section 2.01
        	
          Commitments to Lend
        	
          11
        
	
          Section 2.02
        	
          Notice of Committed Borrowing
        	
          11
        
	
          Section 2.03
        	
          Competitive Bid Borrowings
        	
          11
        
	
          Section 2.04
        	
          Notice to Banks; Funding of Loans
        	
          15
        
	
          Section 2.05
        	
          Registry; Notes
        	
          16
        
	
          Section 2.06
        	
          Maturity of Loans
        	
          17
        
	
          Section 2.07
        	
          Interest Rates
        	
          17
        
	
          Section 2.08
        	
          Commitment Fee
        	
          20
        
	
          Section 2.09
        	
          Optional Termination or Reduction of Commitments
        	
          20
        
	
          Section 2.10
        	
          Method of Electing Interest Rates
        	
          20
        
	
          Section 2.11
        	
          Optional Prepayments
        	
          21
        
	
          Section 2.12
        	
          General Provisions as to Payments
        	
          22
        
	
          Section 2.13
        	
          Funding Losses
        	
          23
        
	
          Section 2.14
        	
          Computation of Interest and Fees
        	
          23
        
	
          Section 2.15
        	
          Regulation D Compensation
        	
          24
        
	
          Section 2.16
        	
          Change of Control
        	
          24
        
	
           
        
	
          
            Article 3
Conditions
          

        
	
          
             
          

        	

        	

        
	
          Section 3.01
        	
          Effectiveness
        	
          25
        
	
          Section 3.02
        	
          Borrowings
        	
          26
        
	
           
        
	
          
            Article 4
Representations And Warranties
          

        
	
          
             
          

        
	
          Section 4.01
        	
          Corporate Existence and Power
        	
          26
        
	
          Section 4.02
        	
          Corporate and Governmental Authorization; No Contravention
        	
          27
        
	
          Section 4.03
        	
          Binding Effect
        	
          27
        
	
          Section 4.04
        	
          Financial Information
        	
          27
        
	
          Section 4.05
        	
          Litigation
        	
          28
        

    

    
      
        

        

      

      
        
          i
        

        
          

        

      

      
        

        

      

    

    
    	
          Section 4.06
        	
          Disclosure
        	
          
            28
          

        
	
          Section 4.07
        	
          Investment Company Act.
        	
          28
        
	
           
        
	
          
            Article 5
Covenants
          

        
	
          
             
          

        	

        	

        
	
          Section 5.01
        	
          Information
        	
          28
        
	
          Section 5.02
        	
          Conduct of Business and Maintenance of Existence
        	
          29
        
	
          Section 5.03
        	
          Insurance
        	
          29
        
	
          Section 5.04
        	
          Inspection of Property; Books and Records; Discussions
        	
          30
        
	
          Section 5.05
        	
          Compliance with Laws
        	
          30
        
	
          Section 5.06
        	
          Negative Pledge
        	
          30
        
	
          Section 5.07
        	
          Consolidations, Merger and Sales of Assets
        	
          33
        
	
          Section 5.08
        	
          Leverage Ratio
        	
          33
        
	
          Section 5.09
        	
          Use of Proceeds
        	
          33
        
	
           
        
	
          
            Article 6
Defaults
          

        
	
          
             
          

        	

        	

        
	
          Section 6.01
        	
          Events of Default
        	
          33
        
	
          Section 6.02
        	
          Notice of Default
        	
          35
        
	
           
        
	
          
            Article 7
The Administrative Agent
          

        
	
          
             
          

        	

        	

        
	
          Section 7.01
        	
          Appointment and Authorization
        	
          35
        
	
          Section 7.02
        	
          Administrative Agent and Affiliates
        	
          36
        
	
          Section 7.03
        	
          Action by Administrative Agent
        	
          36
        
	
          Section 7.04
        	
          Consultation with Experts
        	
          36
        
	
          Section 7.05
        	
          Liability of Administrative Agent
        	
          36
        
	
          Section 7.06
        	
          Indemnification
        	
          36
        
	
          Section 7.07
        	
          Credit Decision
        	
          37
        
	
          Section 7.08
        	
          Successor Administrative Agent
        	
          37
        
	
          Section 7.09
        	
          Administrative Agent’s Fee
        	
          37
        
	
          Section 7.10
        	
          Other Agents
        	
          
            37
          

        
	
           
        
	
          
            Article 8
Change in Circumstances
          

        
	
          
             
          

        
	
          Section 8.01
        	
          Inability to Determine Interest Rate
        	
          38
        
	
          Section 8.02
        	
          Illegality
        	
          38
        
	
          Section 8.03
        	
          Increased Cost and Reduced Return
        	
          39
        
	
          Section 8.04
        	
          Taxes
        	
          40
        
	
          Section 8.05
        	
          Base Rate Loans Substituted for Affected Fixed Rate Loans
        	
          42
        
	
          Section 8.06
        	
          Termination or Substitution of Banks
        	
          42
        
	
          Section 8.07
        	
          Defaulting Banks
        	
          43
        

    

    
      
        

        

      

      
        
          ii
        

        
          

        

      

      
        

        

      

    

    
    	
          
            Article 9
Miscellaneous
          

        
	
          
             
          

        
	
          Section 9.01
        	
          Notices
        	
          
            44
          

        
	
          Section 9.02
        	
          No Waivers
        	
          45
        
	
          Section 9.03
        	
          Expenses; Indemnification
        	
          45
        
	
          Section 9.04
        	
          Sharing
        	
          45
        
	
          Section 9.05
        	
          Amendments and Waivers
        	
          46
        
	
          Section 9.06
        	
          Successors and Assigns
        	
          46
        
	
          Section 9.07
        	
          Collateral
        	
          48
        
	
          Section 9.08
        	
          Governing Law
        	
          48
        
	
          Section 9.09
        	
          Counterparts; Integration
        	
          48
        
	
          Section 9.10
        	
          USA Patriot Act
        	
          48
        
	
          
            Section 9.11
          

        	
          
            Joint and Several Obligations
          

        	
          
            48
          

        

    

    
      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
        

    

    
      
        

        

      

      
        
          iii
        

        
          

        

      

      
        

        

      

    

    
      

      

      364-DAY CREDIT AGREEMENT

    

    
      364-DAY 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:
    

    
      “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.
    

    
      “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-Dollar Loans, its Euro-Dollar
      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.
    

    
      “Borrowing” has the meaning set forth in Section 1.03.
    

    
      “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 6.06, in each case as such amount may be reduced
      from time to time pursuant to Section 2.09 orSection 6.08 or changed as
      a result of an assignment pursuant to Section 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.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    
      “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.
    

    
      “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 with Section 2.03.
    

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

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    
       “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.
    

    
      “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.
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    
      “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.
    

    
      “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-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 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-Dollar Lending Office) or such other office,
      branch or affiliate of such Bank as it may hereafter designate as its
      Euro-Dollar 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-Dollar Lending Offices for its Loans in different
      currencies, in which case all references herein to the Euro-Dollar
      Lending Office of such Bank shall be deemed to refer to any or all of
      such offices, as the context may require.
    

    
      “Euro-Dollar Loan” means (i) a Loan which bears interest at
      a Euro-Dollar 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.
    

    
      “Euro-Dollar Margin” has the meaning set forth in Section
      2.07(b).
    

    
      
        

        

      

      
        
          5
        

        
          

        

      

      
        

        

      

    

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

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

    
      “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-Dollar 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.
    

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

    
      “Interest Period” means: (1) with respect to each
      Euro-Dollar 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:
    

    
      
        

        

      

      
        
          6
        

        
          

        

      

      
        

        

      

    

    
      (a)  any Interest Period which would otherwise end on a day which is not
      a Euro-Dollar Business Day shall, subject to clause (c) below, 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 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.
    

    
      (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.
    

    
      (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:
    

    
      
        

        

      

      
        
          7
        

        
          

        

      

      
        

        

      

    

    
      (a)  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
    

    
      (b)  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.
    

    
      “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.
    

    
      
        

        

      

      
        
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      “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 9.11.
    

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

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

    
      “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.
    

    
      “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.
    

    
      
        

        

      

      
        
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      “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 28, 2010 (or if such date is
      not a Euro-Dollar Business Day, the next preceding Euro-Dollar Business
      Day).
    

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

    
      “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.  
    

    
      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).
    

    
      
        

        

      

      
        
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      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 to the
      Borrowers pursuant to this Section from time to time in amounts such
      that the aggregate principal amount of Committed Loans by such Bank at
      any one time outstanding shall not exceed the amount of its
      Commitment.  Each Borrowing under this Section shall be in an aggregate
      principal amount of $25,000,000 or any larger multiple of $5,000,000
      (except that any such Borrowing may be in the aggregate 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.
    

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

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

    
                 (b)  the aggregate amount of such Borrowing,
    

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

    
      
        

        

      

      
        
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             (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:
    

    
                    (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.
    

    
      
        

        

      

      
        
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      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).
    

    
             (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:
    

    
      
        

        

      

      
        
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                   (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,
    

    
                   (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 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
    

    
      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 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.
    

    
      
        

        

      

      
        
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      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.  (a)  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-Dollar 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-Dollar Loans as applicable to such
      Euro-Dollar 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-Dollar 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-Dollar Loans less 1% per annum, but not less than 0%; provided,
      that the Applicable Margin for Euro-Dollar 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.
    

    
      The “Credit Default Swap Spread” means at any determination
      date the one-year credit default swap mid-rate spread applicable to
      senior debt of the Company, as of the close of business on the Domestic
      Business Day immediately preceding such determination date, as 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-Dollar Loan, (A) on the second Euro-Dollar 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.
    

    
      
        

        

      

      
        
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      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-Dollar Loans.  The Applicable Margin for Euro-Dollar 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-Dollar 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-Dollar Loan for any Interest Period means the rate appearing on the
      Screen at approximately 11:00 A.M., London time, two Euro-Dollar
      Business Days before the first day of such Interest Period as the rate
      for deposits in dollars with a maturity comparable to such Interest
      Period.  If no rate appears on the Screen for dollars and the necessary
      period, then the “London Interbank Offered Rate” with
      respect to such Euro-Dollar Loan for such Interest Period shall be the
      rate at which deposits of that amount in dollars 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-Dollar Business Days before the first day of such Interest Period.
    

    
      The “Screen” means Reuters Screen LIBOR01 Page.  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-Dollar 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 Euro-Dollar Margin 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-Dollar
      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-Dollar 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 Euro-Dollar Margin for such day plus the London Interbank
      Offered Rate applicable to such Loan at the date such payment was due.
    

    
      
        

        

      

      
        
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             (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-Dollar 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.
    

    
             (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.
    

    
      
        

        

      

      
        
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      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 amount of the Loans.  
    

    
      Section 2.10  Method of Electing Interest Rates.  (a)  The
      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 Loans (subject in each case to the provisions of Article
      8) as follows:
    

    
                     (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.
    

    
      
        

        

      

      
        
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             (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.
    

    
      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 upon at least
      three Euro-Dollar Business Days’ notice to the Administrative Agent, in
      the case of a Group of Euro-Dollar Loans, prepay, without premium, the
      Loans comprising such a Group, 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.
    

    
      
        

        

      

      
        
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             (c)  Except as provided in subsection (a) above and in Section
      8.06 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, 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.  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-Dollar 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 unless such Euro-Dollar Business Day falls in another
      calendar month, in which case the date for payment thereof shall be the
      next preceding Euro-Dollar 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 the Federal Funds Rate.  
    

    
      
        

        

      

      
        
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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).
    

    
      
        

        

      

      
        
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      Section 2.15  Regulation D Compensation.  If and so
      long as a reserve requirement of the type described in the definition of
      “Euro-Dollar 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-Dollar Loans, additional interest on such Euro-Dollar Loan (but
      without duplication of any Euro-Dollar 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-Dollar 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-Dollar 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-Dollar Business Days after the giving of
      such notice, and (y) shall notify the Company at least five Euro-Dollar
      Business Days prior to each date on which interest is payable on the
      Euro-Dollar Loans of the amount then due it under this Section.
    

    
      “Euro-Dollar 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-Dollar 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  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;
    

    
             (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.
    

    
      
        

        

      

      
        
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      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 Three-Year Credit
      Agreement shall have occurred and be continuing; and
    

    
             (d)  the fact that the representations and warranties of the
      Borrowers contained in Sections4.01, 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.
    

    
      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.  
    

    
      
        

        

      

      
        
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      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.
    

    
             (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.
    

    
      
        

        

      

      
        
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      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 Three-Year Credit 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;
    

    
             (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;
    

    
      
        

        

      

      
        
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             (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.
    

    
      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.
    

    
      
        

        

      

      
        
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      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:
    

    
             (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;
    

    
      
        

        

      

      
        
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             (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;
    

    
             (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;
    

    
      
        

        

      

      
        
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             (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.
    

    
      “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.
    

    
      
        

        

      

      
        
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      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.  
    

    
      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:
    

    
      
        

        

      

      
        
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             (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;
    

    
             (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;
    

    
      
        

        

      

      
        
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             (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 9.11 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.
    

    
      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.
    

    
      
        

        

      

      
        
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      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.
    

    
      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.
    

    
      
        

        

      

      
        
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      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.
    

    
      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.
    

    
      
        

        

      

      
        
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      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-Dollar
      Loan or Competitive Bid LIBOR Loan, the Administrative Agent is advised
      by the Reference Banks that deposits in dollars (in the applicable
      amounts) are not being offered to the Reference Banks in the London
      interbank 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-Dollar Loans or to convert
      outstanding Loans into Euro-Dollar Loans shall be suspended and (ii)
      each outstanding Euro-Dollar Loan shall be 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 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.
    

    
      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-Dollar 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-Dollar Lending Office) to make, maintain or fund its
      Euro-Dollar 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-Dollar Loans, or to convert outstanding Loans into Euro-Dollar
      Loans, shall be suspended.  Before giving any notice to the
      Administrative Agent pursuant to this Section, such Bank shall designate
      a different Euro-Dollar 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-Dollar Loan of such Bank then
      outstanding shall be converted to a Base Rate Loan either (a) on the
      last day of the then current Interest Period applicable to such
      Euro-Dollar 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.
    

    
      
        

        

      

      
        
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      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-Dollar 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.
    

    
             (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.
    

    
      
        

        

      

      
        
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             (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.
    

    
             (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.
    

    
      
        

        

      

      
        
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             (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.
    

    
             (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.
    

    
      
        

        

      

      
        
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             (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-Dollar Loans has been suspended pursuant to Section 8.02
      or (ii) any Bank has demanded compensation under Section 8.03 or 8.04
      with respect to its Euro-Dollar Loans and the relevant Borrower shall,
      by at least five Euro-Dollar 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:
    

    
             (a)  all Loans which would otherwise be made by such Bank as (or
      continued as or converted into) Euro-Dollar Loans shall instead be Base
      Rate Loans 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-Dollar 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-Dollar Loans of the other Banks.  
    

    
      Section 8.06  Termination or Substitution of Banks.  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-Dollar 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.
    

    
      
        

        

      

      
        
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      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
    

    
      (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) 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.
    

    
      
        

        

      

      
        
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      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.  
    

    
             (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.
    

    
      
        

        

      

      
        
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      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 9.11; 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.
    

    
      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).
    

    
      
        

        

      

      
        
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             (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.
    

    
      “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.
    

    
      
        

        

      

      
        
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             (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.
    

    
      Section 9.10  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 9.11  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:
    

    
      
        

        

      

      
        
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                   (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;
    

    
                   (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.
    

    
      
        

        

      

      
        
          49
        

        
          

        

      

      
        

        

      

    

    
             (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.
    

    
      
        

        

      

      
        
          50
        

        
          

        

      

      
        

        

      

    

    

    

    
      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 364-Day 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 364-Day 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 364-Day 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 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          HSBC BANK USA, N.A.
        
	

        	
          By:
        	
          
            /s/ James P. Kelly
          

        
	

        	
          
            Name: James P. Kelly
          

        
	

        	
          
            Title: Managing Director
          

        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          PNC BANK, NATIONAL ASSOCIATION
        
	

        	
          By:
        	
          
            /s/ Tracy J. DeCock
          

        
	

        	
          
            Name: Tracy J. DeCock
          

        
	

        	
          Title: Vice President
        

    

    

    

    
      [Signature Page to 364-Day 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 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
        
	

        	
          By:
        	
          /s/ George Stoecklein
        
	

        	
          Name: George Stoecklein
        
	

        	
          Title: Authorized Signatory
        

    

    

    

    
      [Signature Page to 364-Day 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 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          THE BANK OF NEW YORK MELLON
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Daniel J. Lenckos
          

        
	

        	
          
            Name: Daniel J. Lenckos
          

        
	

        	
          
            Title: First Vice President
          

        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          MIZUHO CORPORATE BANK (USA)
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Hidekatsu Take
          

        
	

        	
          
            Name: Hidekatsu Take
          

        
	

        	
          
            Title: Deputy General Manager
          

        

    

    

    

    
      [Signature Page to 364-Day 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 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          SUNTRUST BANK
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          /s/ M. Gabe Bonfield
        
	

        	
          Name: M. Gabe Bonfield
        
	

        	
          Title: Vice President
        

    

    

    

    
      [Signature Page to 364-Day 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 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          US BANK, N.A.
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Patrick McGraw
          

        
	

        	
          
            Name: Patrick McGraw
          

        
	

        	
          
            Title: Vice President
          

        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          MORGAN STANLEY BANK, N.A.
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          /s/ Melissa James
        
	

        	
          Name: Melissa James
        
	

        	
          Title: Authorized Signatory
        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          WELLS FARGO BANK, N.A.
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          /s/ Donald P. Schwartz
        
	

        	
          Name: Donald P. Schwartz
        
	

        	
          Title: Senior Vice President
        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          NORTHERN TRUST COMPANY
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Michael J. Kingsley
          

        
	

        	
          
            Name: Michael J. Kingsley
          

        
	

        	
          
            Title: SUP
          

        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          TORONTO DOMINION (NEW YORK) LLC
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Debbie Brito
          

        
	

        	
          
            Name: Debbie Brito
          

        
	

        	
          
            Title: Authorized Signatory
          

        

    

    

    

    
      [Signature Page to 364-Day 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 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          
            WESTPAC BANKING CORPORATION
          

        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Bradley Scammell
          

        
	

        	
          
            Name: Bradley Scammell
          

        
	

        	
          
            Title: Head of Corporate and Institutional Banking Americas
          

        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          SOCIETE GENERAL
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          /s/ Yao Wang
        
	

        	
          
            Name: Yao Wang
          

        
	

        	
          Title: Vice Persident
        

    

    

    

    
      [Signature Page to 364-Day 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 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          AGFIRST FARM CREDIT BANK
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          /s/ Steven J. O’Shea
        
	

        	
          Name: Steven J. O’Shea
        
	

        	
          Title: Vice President
        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
    	
           
        	
          COMERICA BANK
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          /s/ Chris Rice
        
	

        	
          Name: Chris Rice
        
	

        	
          Title: Corporate Banking Officer
        

    

    

    

    
      [Signature Page to 364-Day Credit Agreement]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      PRICING SCHEDULE
    

    
      The “Commitment Fee Rate” and the “Rate Floor”
      and the “Rate Ceiling” for the Applicable Margin for
      Euro-Dollar 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
        	
          0.125%
        	
          0.25%
        	
          0.375%
        	
          0.50%
        	
          0.625%
        
	
          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:
    

    
    	
           
        	
          $41,666,666.67
        	
           
        	
          JPMorgan Chase Bank, N.A.
        
	

        	
          $41,666,666.67
        	

        	
          Bank of America, N.A.
        
	

        	
          $36,666,666.67
        	

        	
          BNP Paribas
        
	

        	
          $36,666,666.67
        	

        	
          HSBC Bank USA, N.A.
        
	

        	
          $36,666,666.67
        	

        	
          PNC Bank, National Association
        
	

        	
          $36,666,666.67
        	

        	
          Intesa Sanpaolo S.p.A.
        
	

        	
          $36,666,666.67
        	

        	
          The Bank of Tokyo-Mitsubishi UFJ, Ltd.
        
	

        	
          $36,666,666.67
        	

        	
          UBS Loan Finance LLC
        
	

        	
          $30,000,000
        	

        	
          The Bank of New York Mellon
        
	

        	
          $30,000,000
        	

        	
          Mizuho Corporate Bank (USA)
        
	

        	
          $30,000,000
        	

        	
          Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank
          Nederland”, New York Branch
        
	

        	
          $30,000,000
        	

        	
          SunTrust Bank
        
	

        	
          $30,000,000
        	

        	
          Deutsche Bank AG New York Branch
        
	

        	
          $16,666,666.67
        	

        	
          US Bank, N.A.
        
	

        	
          $16,666,666.67
        	

        	
          Morgan Stanley Bank, N.A.
        
	

        	
          $16,666,666.67
        	

        	
          Wells Fargo Bank, N.A.
        
	

        	
          $16,666,666.67
        	

        	
          Northern Trust Company
        
	

        	
          $16,666,666.67
        	

        	
          Toronto Dominion (New York) LLC
        
	

        	
          $11,666,666.67
        	

        	
          Australia and New Zealand Banking Group Limited
        
	

        	
          $11,666,666.67
        	

        	
          
            Westpac Banking Corporation
          

        
	

        	
          $11,666,666.67
        	

        	
          Societe General
        
	

        	
          $11,666,666.67
        	

        	
          
            Standard Chartered Bank
          

        
	

        	
          $8,333,333.33
        	

        	
          AgFirst Farm Credit Bank
        
	

        	
          $8,333,333.33
        	

        	
          Comerica Bank
        
	

        	

        	

        	
           
        
	

        	
          Total Commitments
        	

        	

        
	

        	

        	

        	
           
        
	

        	
          
            $600,000,000.00
          

        	

        	

        

    

    

    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    

    

    
      EXHIBIT A
    

    
      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
      364-Day Credit Agreement referred to below on the maturity date provided
      for in the 364-Day 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 364-Day Credit
      Agreement.  All such payments of principal and interest shall be made 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.
    

    
      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 364-Day 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 364-Day 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 “364-Day
      Credit Agreement”).  Capitalized terms used herein but not otherwise
      defined shall have the meanings ascribed to them in the 364-Day Credit
      Agreement.  The terms and conditions of the 364-Day Credit Agreement are
      hereby incorporated in their entirety by reference as though fully set
      forth herein. Reference is made to the 364-Day 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:
        	
          364-Day 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 364-Day 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%).
    

    

    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    

    

    

    

    
      [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 364-Day
      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.
    

    

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      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 364-Day 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 $600,000,000 364-Day 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 364-Day 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 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 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 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:]Exhibit 10.1
                                                                    ------------

THIS NOTE AND THE COMMON EQUITY ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS. THIS NOTE AND THE COMMON EQUITY ISSUABLE UPON CONVERSION OF
THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID
ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR (B) AN EXEMPTION FROM SUCH
REGISTRATION REQUIREMENTS.

                             CONVERTIBLE DEMAND NOTE
                             -----------------------

$2,024,000                                                        April 24, 2009
                                                              New York, New York

     FOR VALUE RECEIVED, PA LLC, a Delaware limited liability company (together
with its successors, the "Maker") promises to pay to PetroTech Holdings, Corp.,
(the "Payee") on demand at c/o Laurus Capital Management, LLC, 335 Madison
Avenue, 10th Floor, New York, New York 10017, or at such other place as may be
designated in writing by the holder of this Convertible Demand Note, the
principal sum (the "Principal Amount") of TWO MILLION TWENTY FOUR THOUSAND
DOLLARS and 00/100 Dollars ($2,024,000.00), which sum shall all be payable in
lawful money of the United States of America, together with interest that shall
accrue on the unpaid principal balance computed from the date hereof at twelve
percent (12.0%) per annum. Interest shall be calculated on the basis of the
actual number of days elapsed over a year of 360 days and shall be paid in full
upon demand by Payee of repayment of the Principal Amount under this Note.

     1. DEFINITIONS.

          "Common Stock" shall mean the shares of stock representing the
Parent's common stock, $0.001 par value per share.

          "Conversion Shares" shall mean the shares of Common Stock to be issued
upon conversions of principal, interest or fees hereunder and in accordance with
the terms hereof.

          "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

          "Fixed Conversion Price" shall mean $5.43.

          "Parent" shall mean PetroAlgae Inc., a Delaware corporation.

<PAGE>

          "Principal Market" means the NASD Over The Counter Electronic Bulletin
Board, NASDAQ Capital Market, NASDAQ National Market System, American Stock
Exchange or New York Stock Exchange (whichever of the foregoing is at the time
the principal trading exchange or market for the Common Stock).

     2. USE OF PROCEEDS. The proceeds of the loan made pursuant to this
Convertible Demand Note shall be used by Maker solely for working capital
purposes.

     3. OPTIONAL REDEMPTION IN CASH. The Maker may prepay this Convertible
Demand Note ("Optional Redemption") by paying to the Payee a sum of money equal
to the Principal Amount outstanding at such time together with accrued but
unpaid interest thereon and any and all other sums due, accrued or payable to
the Payee arising under this Convertible Demand Note (the "Redemption Amount")
outstanding on the Redemption Payment Date (as defined below). The Maker shall
deliver to the Payee a written notice of redemption (the "Notice of Redemption")
specifying the date for such Optional Redemption (the "Redemption Payment
Date"), which date shall be no sooner than ten (10) business days after the date
of the Notice of Redemption (the "Redemption Period"). A Notice of Redemption
shall not be effective with respect to any portion of this Convertible Demand
Note for which the Payee has previously delivered a Notice of Conversion (as
hereinafter defined) or for conversions elected to be made by the Maker pursuant
to Section 5 during the Redemption Period. The Redemption Amount shall be
determined as if the Payee's and Maker's, as applicable, conversion elections
had been completed immediately prior to the date of the Notice of Redemption. On
the Redemption Payment Date, the Redemption Amount must be paid in good funds to
the Payee. In the event the Maker fails to pay the Redemption Amount on the
Redemption Payment Date as set forth herein, then such Redemption Notice will be
null and void.

     4. MAKER'S PAYMENT OF INTEREST ON OPTIONAL INTEREST PAYMENT DATES.

          a. Subject to the restrictions set forth below in this Section 4,
     commencing on June 1, 2009 and on the first business day of each succeeding
     September, December and March thereafter (each, an "Optional Interest
     Payment Date") through the date of repayment in full of all amounts
     outstanding under this Note, the Maker shall have the right, but not the
     obligation, to pay all accrued and unpaid interest as of such Optional
     Interest Payment Date through the issuance by Parent of fully paid and
     non-assessable shares of Common Stock to the Payee at a price per share
     equal to the greater of (i) the volume weighted average price of the Common
     Stock for the fifteen (15) days immediately prior to the applicable
     Optional Interest Payment Date and (ii) the Fixed Conversion Price (the
     "Interest Conversion Price").

          b. Mechanics of Maker's Conversion. In the event that the Maker elects
     to convert accrued and unpaid interest into Common Stock, the Maker shall
     give no less than five (5) business days written notice of such election by
     delivering an executed and completed notice of conversion in substantially
     the form of Exhibit A hereto (appropriate completed) ("Notice of Interest
     Conversion") to the Payee and Parent and such Notice of Interest Conversion
     shall provide a breakdown in reasonable detail of the accrued and unpaid
     interest that are being converted. On each Optional Interest Payment Date
     and in accordance with its Notice of Interest Conversion, the Payee shall
     make the appropriate reduction to the accrued and unpaid interest as
     entered in its records and shall provide notice thereof to the Maker.
     Pursuant to the terms of the Notice of Interest Conversion, the Parent will
     issue instructions to the transfer agent within one (1) business day of the
     date of the delivery to the Payee and Parent of the Notice of Interest
     Conversion and shall cause the transfer agent to transmit the certificates
     representing the Conversion Shares to the Payee by crediting the account of
     the Payee's designated broker with the Depository Trust Corporation ("DTC")
     through its Deposit Withdrawal Agent Commission ("DWAC") system within
     three (3) business days after receipt by the Payee and Parent of the Notice
     of Interest Conversion (the "Interest Conversion Delivery Date"). In the
     case of the exercise of the conversion rights set forth herein the
     conversion privilege shall be deemed to have been exercised and the
     Conversion Shares issuable upon such conversion shall be deemed to have
     been issued upon the date of receipt by the Payee and Parent of the Notice
     of Interest Conversion. The Payee shall be treated for all purposes as the
     record holder of the Interest Conversion Shares, unless the Payee provides
     the Maker or Parent, written instructions to the contrary.

<PAGE>

          c. Additional Interest Conversion Mechanics. The number of shares of
     Common Stock to be issued upon each conversion accrued and unpaid interest
     shall be determined by dividing that portion of the interest to be
     converted by the applicable Interest Conversion Price.

     5. PAYEE'S CONVERSION RIGHTS

          a. Optional Conversion of Payee. The Payee shall have the right, but
     not the obligation, to convert all or any portion of the issued and
     outstanding Principal Amount and/or accrued interest and fees due and
     payable into fully paid and non-assessable shares of Common Stock at the
     Fixed Conversion Price.

          b. Mechanics of Payee's Conversion. In the event that the Payee elects
     to convert this Convertible Demand Note into Common Stock, the Payee shall
     give notice of such election by delivering an executed and completed notice
     of conversion in substantially the form of Exhibit B hereto (appropriate
     completed) ("Notice of Conversion") to the Maker and Parent such Notice of
     Conversion shall provide a breakdown in reasonable detail of the Principal
     Amount, accrued interest and fees that are being converted. On each
     Conversion Date (as hereinafter defined) and in accordance with its Notice
     of Conversion, the Payee shall make the appropriate reduction to the
     Principal Amount, accrued interest and fees as entered in its records and
     shall provide written notice thereof to the Maker within two (2) business
     days after the Conversion Date. Each date on which a Notice of Conversion
     is delivered or telecopied to the Maker and Parent, in accordance with the
     provisions hereof shall be deemed a Conversion Date (the "Conversion
     Date"). Pursuant to the terms of the Notice of Conversion, the Maker will
     issue instructions to the transfer agent within one (1) business day of the
     date of the delivery to the Maker and Parent of the Notice of Conversion
     and shall cause the transfer agent to transmit the certificates
     representing the Conversion Shares to the Payee by crediting the account of
     the Payee's designated broker with the DTC through its DWAC system within
     three (3) business days after receipt by the Maker and Parent of the Notice
     of Conversion (the "Payee Conversion Delivery Date" and together with the
     Interest Conversion Delivery Date, the "Delivery Dates" and each, a
     "Delivery Date"). In the case of the exercise of the conversion rights set
     forth herein the conversion privilege shall be deemed to have been
     exercised and the Conversion Shares issuable upon such conversion shall be
     deemed to have been issued upon the date of receipt by the Maker and Parent
     of the Notice of Conversion. The Payee shall be treated for all purposes as
     the record holder of the Conversion Shares, unless the Payee provides the
     Maker or Parent, written instructions to the contrary.

<PAGE>

          c. Additional Conversion Mechanics.

                  1. The number of shares of Common Stock to be issued upon each
         conversion of this Convertible Demand Note shall be determined by
         dividing that portion of the principal and interest and fees to be
         converted, if any, by the Fixed Conversion Price.

                  2. The Fixed Conversion Price and number and kind of shares to
         be issued upon conversion is subject to adjustment from time to time
         upon the occurrence of certain events, as follows:

                           (a) If the shares of Common Stock are subdivided or
                  combined into a greater or smaller number of shares of Common
                  Stock, or if a dividend is paid on the Common Stock or any
                  preferred stock issued in shares of Common Stock, the Fixed
                  Conversion Price, as the case may be, shall be proportionately
                  reduced in case of subdivision of shares or stock dividend or
                  proportionately increased in the case of combination of
                  shares, in each such case by the ratio which the total number
                  of shares of Common Stock outstanding immediately after such
                  event bears to the total number of shares or units of Common
                  Stock outstanding immediately prior to such event.

     6. COVENANTS OF THE PARENT.

          a. During the period that conversion rights exist hereunder, the
     Parent will reserve from its authorized and unissued Common Stock a
     sufficient number of shares to provide for the issuance of Common Stock
     upon the full conversion of this Convertible Demand Note, including,
     without limitation, all interest that may accrue hereunder over a three
     year term.

          b. During the period the conversion right exists, Parent covenants and
     agrees that (i) the number of shares of Common Stock that may be issued
     upon conversion hereunder will be validly issued, fully paid and
     nonassessable, and will be free of any liens or encumbrances, (ii) all such
     issued and outstanding shares of Common Stock will be issued in compliance
     with applicable state and federal laws.

     7. OTHER RELATED CONVERSION PROVISIONS.

          a. Issuance of New Note. Upon any partial conversion of this
     Convertible Demand Note, a new Note containing the same date and provisions
     of this Convertible Demand Note shall, at the request of the Payee, be
     issued by the Maker to the Payee for the principal balance of this
     Convertible Demand Note and interest which shall not have been converted or
     paid.

<PAGE>

          b. Rights of Equityholders. The Payee shall not be entitled to vote or
     receive dividends or be deemed the holder of the Conversion Shares or any
     other securities of the Parent which may at any time be issuable upon
     conversion of this Convertible Demand Note for any purpose, nor shall
     anything contained herein be construed to confer upon the Payee, as such,
     any of the rights of a equityholder of the Parent or any right to vote for
     the election of directors or upon any matter submitted to equityholders at
     any meeting thereof, or to give or withhold consent to any corporate action
     (whether upon the recapitalization, issuance of shares, reclassification of
     shares, change of nominal value, consolidation, merger, conveyance or
     otherwise) or to receive notice of meetings, or to receive dividends or
     subscription rights or otherwise, in each case, until the Delivery Date
     applicable to the respective Conversion Equity purchasable upon the
     conversion hereof shall have occurred as provided herein.

          c. Investment Representations. By acceptance of this Note, the Payee
     represents to the Maker and Parent and agrees that:

                           (i)      The Note is being acquired for the account
                                    of the Payee, and the Payee has no present
                                    intention of offering, selling, transferring
                                    or otherwise disposing of the Note or the
                                    shares of Common Stock issuable upon
                                    conversion or exercise thereof.

                           (ii)     The Payee will not sell, transfer or
                                    otherwise dispose of the Note or shares of
                                    Common Stock issuable upon conversion or
                                    exercise thereof, unless either:

                                    (I)     a registration statement under the
                                            Securities Act of 1933, as amended
                                            (the "Act"), covering such portion
                                            of the Note or such shares of Common
                                            Stock issued or issuable upon
                                            conversion or exercise thereof which
                                            is to be so offered, sold,
                                            transferred or otherwise disposed of
                                            has become effective; or

                                    (II)    the proposed offer, sale, transfer
                                            or other disposition of the Note or
                                            the shares of Common Stock issued or
                                            issuable upon conversion or exercise
                                            thereof are exempt from the
                                            registration provisions of the Act.

                           (iii)    Maker and Parent are under no obligation to
                                    register the Note or the shares of Common
                                    Stock issuable upon conversion or exercise
                                    thereof under the Act or any securities laws
                                    of any state or take any action to make any
                                    exemption from such registration provisions
                                    available unless otherwise subsequently
                                    agreed in writing by the parties hereto.

     6. EVENT OF DEFAULT. The occurrence of any of the following events set
forth in this section shall constitute an event of default ("Event of Default")
hereunder:

<PAGE>

          a. Failure to Pay. The Maker fails to pay on demand hereunder any of
     principal, interest or other fees hereon in accordance herewith, or the
     Maker fails to pay any of the other Obligations (under the Master Security
     Agreement, dated as of the August 21, 2008 (as amended, restated, modified
     and/or supplemented from time to time, the "Master Security Agreement") by
     and between LV Administrative Services, Inc., as Agent (in its capacity as
     administrative and/or collateral agent, the "Agent") and the Maker when
     due; or

          b. Breach of Covenant. The Maker or any of its subsidiaries breaches
     any covenant or any other term or condition of this Convertible Demand
     Note, the Master Security Agreement or any other Document (as defined in
     the Master Security Agreement) in any material respect and such breach, if
     subject to cure, continues for a period of fifteen (15) days after the
     occurrence thereof; or

          c. Breach of Representations and Warranties. Any representation,
     warranty or statement made or furnished by the Maker or Parent, as
     applicable, in this Convertible Demand Note, the Master Security Agreement
     or any other Document (as defined in the Master Security Agreement) shall
     at any time be false or misleading in any respect on the date as of which
     made or deemed made; or

          d. Default Under the Master Security Agreement. The occurrence of any
     default (or similar term) in the observance or performance of the Master
     Security Agreement or any other Document (as defined in the Master Security
     Agreement) or condition relating to any indebtedness or contingent
     obligation of the Maker or any of its subsidiaries; or

          e. Bankruptcy. The Maker shall (i) apply for, consent to or suffer to
     exist the appointment of, or the taking of possession by, a receiver,
     custodian, trustee or liquidator of itself or of all or a substantial part
     of its property, (ii) make a general assignment for the benefit of
     creditors, (iii) commence a voluntary case under the federal bankruptcy
     laws (as now or hereafter in effect), (iv) be adjudicated a bankrupt or
     insolvent, (v) file a petition seeking to take advantage of any other law
     providing for the relief of debtors, (vi) acquiesce to, any petition filed
     against it in any involuntary case under such bankruptcy laws, or (vii)
     take any action for the purpose of effecting any of the foregoing.

          f. Judgments. Attachments or levies in excess of $5,000 in the
     aggregate are made upon the Maker's assets or a judgment is rendered
     against the Maker's property involving a liability of more than $5,000.00;

          g. Insolvency. The Maker or any of their respective subsidiaries shall
     admit in writing its inability, or be generally unable, to pay its debts as
     they become due or cease operations of its present business;

          h. Change of Control. A Change of Control (as defined below) shall
     occur with respect to the Maker, unless Payee shall have expressly
     consented to such Change of Control in writing. A "Change of Control" shall
     mean any event or circumstance as a result of which (i) any "Person" or
     "group" (as such terms are defined in Sections 13(d) and 14(d) of the
     Exchange Act, as in effect on the date hereof), other than the Payee, is or
     becomes the "beneficial owner" (as defined in Rules 13(d)-3 and 13(d)-5
     under the Exchange Act), directly or indirectly, of 35% or more on a fully
     diluted basis of the then outstanding voting equity interest of the Maker
     (other than a "Person" or "group" that beneficially owns 35% or more of
     such outstanding voting equity interests of the Maker on the date hereof),
     (ii) the Board of Directors of the Maker shall cease to consist of a
     majority of the Maker's board of directors on the date hereof (or directors
     appointed by a majority of the board of directors in effect immediately
     prior to such appointment) or (iii) the Maker or any of its subsidiaries
     merges or consolidates with, or sells all or substantially all of its
     assets to, any other person or entity;

<PAGE>

          i. Indictment; Proceedings. The indictment or threatened indictment of
     the Maker or any of its respective subsidiaries or any executive officer of
     the Maker or any of its subsidiaries under any criminal statute, or
     commencement or threatened commencement of criminal or civil proceeding
     against the Maker or any of its subsidiaries or any executive officer of
     the Maker or of its subsidiaries pursuant to which statute or proceeding
     penalties or remedies sought or available include forfeiture of any of the
     property of the Maker, or any of its subsidiaries; or

          j. The Master Security Agreement. (i) An Event of Default shall occur
     under and as defined in the Master Security Agreement, (ii) the Maker or
     any of its subsidiaries shall breach any term or provision of the Master
     Security Agreement in any respect, (iii) the Maker, or any of its
     subsidiaries attempts to terminate, challenges the validity of, or its
     liability under, the Master Security Agreement, (iv) any proceeding shall
     be brought to challenge the validity, binding effect of the Master Security
     Agreement or (v) without the consent of the Agent or the Payee, the Master
     Security Agreement ceases to be valid, binding and enforceable obligation
     of the Maker.

     7. DEFAULT INTEREST. Following the occurrence and during the continuance of
an Event of Default, the Maker shall pay additional interest on the outstanding
principal balance of this Convertible Demand Note in an amount equal to two
percent (2%) per month, and all outstanding obligations under this Convertible
Demand Note, the Master Security Agreement, including unpaid interest, shall
continue to accrue interest at such additional interest rate from the date of
such Event of Default until the date such Event of Default is cured or waived.

     8. REMEDIES. During the continuance of any Event of Default, the Payee may
in any applicable law, declare immediately due and payable all or part of any
obligation (including any accrued but unpaid interest thereon) under this
Convertible Demand Note whereupon the same shall become immediately due and
payable, without presentment, demand, protest or further notice or other
requirements of any kind, all of which are hereby expressly waived by the Maker.

     9. AUTHORITY. The Maker represents that the Maker has full power, authority
and legal right to execute and deliver this Convertible Demand Note and that
this Convertible Demand Note constitutes a valid and binding obligation of the
Maker enforceable against the Maker in accordance with its terms.

     10. DEFINED TERMS. Whenever used, the singular number shall include the
plural, the plural the singular, and the words "Payee" and "Maker" shall
include, respectively, their respective successors and assigns; provided,
however, that the Maker shall in no event or under any circumstance have the
right to assign or transfer its obligations under this Convertible Demand Note
or the related documents, in whole or in part, to any other person, party or
entity.

<PAGE>

     11. HEADINGS, ETC. The headings and captions of the numbered paragraphs of
this Convertible Demand Note are for convenience of reference only and are not
to be construed as defining or limiting, in any way, the scope or intent of the
provisions hereof.

     12. ENFORCEABILITY. The Maker acknowledges that this Convertible Demand
Note and the Maker's obligations under this Convertible Demand Note are and
shall at all times continue to be absolute and unconditional in all respects,
and shall at all times be valid and enforceable irrespective of any other
agreements or circumstances of any nature whatsoever which might otherwise
constitute a defense to this Convertible Demand Note and the obligations of the
Maker under this Convertible Demand Note or the obligations of any other person
or party relating to this Convertible Demand Note. This Convertible Demand Note
and the guarantees, security agreements, other agreements, instruments and
documents executed and/or delivered in connection herewith (collectively and as
the same may be amended or otherwise modified from time to time, the
"Documents") set forth the entire agreement and understanding of the Payee and
the Maker, and the Maker absolutely, unconditionally and irrevocably waives any
and all right to assert any setoff, counterclaim or crossclaim of any nature
whatsoever with respect to this Convertible Demand Note or the obligations of
the Maker hereunder or thereunder, or the obligations of any other person or
party relating hereto or thereto or to the obligations of the Maker hereunder or
thereunder or otherwise in any action or proceeding brought by the Payee to
collect this Convertible Demand Note, or any portion thereof, or to enforce,
foreclose and realize upon the liens and security interests of the Payee in any
collateral. The Maker acknowledges that no oral or other agreements, conditions,
promises, understandings, representations or warranties exist with respect to
this Convertible Demand Note or with respect to the obligations of the Maker
under this Convertible Demand Note, except those specifically set forth in this
Convertible Demand Note.

     13. WAIVER. The Maker waives presentment, demand for payment, notice of
dishonor and any or all notices or demands in connection with the delivery,
acceptance, performance, default or enforcement of this Convertible Demand Note
and consents to any or all delays, extensions of time, renewals, release of any
party to any document related to this Convertible Demand Note, and of any
available security therefor, and any and all waivers or modifications that may
be granted or consented to by the Payee with regard to the time of payment or
with respect to any other provisions of any of the Documents, and agrees that no
such action, delay or failure to act on the part of the Payee shall be construed
as a waiver by the Payee of, or otherwise affect, in whole or in part, its right
to avail itself of any remedy with respect thereto. No notice to or demand on
the Maker shall be deemed to be a waiver of the obligation of the Maker or of
the right of the Payee to take further action without further notice or demand
as provided in any of the Documents.

     14. ASSIGNABILITY. This Convertible Demand Note shall be binding upon the
Maker and its successors and assigns, and shall inure to the benefit of the
Payee and its successors and assigns, and may be assigned by the Payee. The
Maker may not assign any of its obligations under this Convertible Demand Note
without the prior written consent of the Payee, any such purported assignment
without such consent being null and void.

<PAGE>

     15. SECURITY. LV Administrative Services, Inc., as Agent, for the benefit
of the Payee, has been granted a security interest in certain assets of the
Maker as more fully described in the Master Security Agreement.

     16. AMENDMENTS. This Convertible Demand Note may not be modified, amended,
changed or terminated orally, except by an agreement in writing signed by the
Maker, the Parent and the Payee. No waiver of any term, covenant or provision of
this Convertible Demand Note shall be effective unless given in writing by the
Payee and, if so given by the Payee, shall only be effective in the specific
instance in which given.

     17. GOVERNING LAW. This Convertible Demand Note is and shall be deemed
entered into in the State of New York and shall be governed by and construed in
accordance with the laws of the State of New York, without regard to principles
of conflicts of laws.

<PAGE>

          IN WITNESS WHEREOF, the Maker has duly executed this Convertible
Demand Note the day and year first above written.

                                        PA LLC

                                        By:  /s/ Ottmar Dippold
                                             -----------------------------------
                                             Name: Ottmar Dippold
                                             Title: Chief Executive Officer

                                        ACKNOWLEDGED AND AGREED TO BY:

                                        PETROALGAE INC.

                                        By:  /s/ David Szostak
                                             -----------------------------------
                                             Name: David Szostak
                                             Title: President

                                                               SIGNATURE PAGE TO
                                                         CONVERTIBLE DEMAND NOTE
<PAGE>

                                    EXHIBIT A
                                    ---------

                          NOTICE OF INTEREST CONVERSION
                          -----------------------------

PetroTech Holdings, Corp.
c/o Laurus Capital Management, LLC
335 Madison Avenue, 10th Floor
New York, NY 10017
ATTN:  General Counsel

PetroAlgae Inc.
[Address]

     The undersigned hereby converts $_________ of the interest due on [specify
applicable Optional Interest Payment Date] under the Convertible Demand Note
dated as of April 24, 2009 (the "Note") issued by PA LLC (the "Company") to
PetroTech Hldings, Corp. by delivery of shares of Common Stock of PetroAlgae
Inc. ("Shares") on and subject to the conditions set forth in the Note.

1. Date of Conversion
                                        -----------------------

2. Shares To Be Delivered:
                                        -----------------------

                                     PA LLC

                                        By:
                                            ------------------------------------
                                            Name:
                                            Title:

<PAGE>

                                    EXHIBIT B
                                    ---------

                              NOTICE OF CONVERSION
                              --------------------

     PA LLC
     [Address]

     PetroAlgae Inc.
     [Address]

     The undersigned hereby converts $_________ of the principal and/or interest
due on [specify applicable Repayment Date] under the Convertible Demand Note
dated as of April 24, 2009 (the "Note") issued by PA LLC (the "Company") by
delivery of shares of Common Stock of PetroAlgae Inc. ("Shares") on and subject
to the conditions set forth in the Note.

3. Date of Conversion
                                        -----------------------

4. Shares To Be Delivered:
                                        -----------------------

                                        [PAYEE]

                                        By:
                                            ------------------------------------
                                            Name:
                                            Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]