Document:

Exhibit 4.1

 Exhibit 4.1 
 EXECUTION COPY 
 FIRST AMENDMENT 
 FIRST AMENDMENT, dated as of July 28, 2006 (this “Amendment”), to the Revolving Credit Agreement, dated as of August 19, 2005
(as the same may be amended (including pursuant to this Amendment), supplemented or otherwise modified from time to time, the “Credit Agreement”), among SMITHFIELD FOODS, INC., a Virginia corporation (the
“Borrower”); each of the Subsidiaries of the Borrower from time to time party to the Credit Agreement (individually, a “Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors” and,
together with the Borrower, the “Obligors”), the lenders from time to time party to the Credit Agreement (the “Lenders”), CALYON NEW YORK BRANCH, COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. “RABOBANK
INTERNATIONAL”, NEW YORK BRANCH and SUNTRUST BANK, as co-documentation agents (in such capacities, the “Co-Documentation Agents”), CITICORP USA, INC., as syndication agent (in such capacity, the “Syndication Agent”) and
JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”). 
 WITNESSETH:

 WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to
the Borrower; 
 WHEREAS, the Borrower has requested certain amendments to the Credit Agreement as more fully set forth herein; and

 WHEREAS, the Lenders have agreed to such amendments but only on the terms and conditions contained in this Amendment. 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 SECTION 2. Amendments to Section 6.03 of the Credit Agreement. Section 6.03 of the Credit Agreement is hereby amended in its entirety to
read as follows: 
 Section 6.03. Fundamental Changes. 
 (a) Mergers, Sales of Assets, Etc. The Borrower will not, and will not permit any Restricted Subsidiary to, merge into or
consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of its assets, or all
or substantially all of the stock of any of its Restricted Subsidiaries (in each case, whether now owned or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default or
Event of Default shall have occurred and be continuing: 
 (i) any Restricted Subsidiary may merge into the Borrower in a
transaction in which the Borrower is the surviving corporation, 

 (ii) any Subsidiary may merge into any Restricted Subsidiary in a transaction in which
the surviving entity is a Restricted Subsidiary; provided that if any such transaction shall be between a Subsidiary Guarantor and a Restricted Subsidiary not a Subsidiary Guarantor, and such Subsidiary Guarantor is not the continuing or
surviving corporation, then the continuing or surviving corporation shall have assumed all of the obligations of such Subsidiary Guarantor hereunder and under the other Loan Documents pursuant to documentation satisfactory to the Administrative
Agent in form and substance, 
 (iii) any Restricted Subsidiary may sell, transfer, lease or otherwise dispose of its assets
to the Borrower or to another Restricted Subsidiary; provided that if any such transaction shall be between a Subsidiary Guarantor and a Restricted Subsidiary not a Subsidiary Guarantor, and if such Subsidiary Guarantor is not the continuing
or surviving corporation, then the continuing or surviving corporation shall have assumed all of the obligations of such Subsidiary Guarantor hereunder and under the other Loan Documents pursuant to documentation satisfactory to the Administrative
Agent in form and substance, 
 (iv) any Restricted Subsidiary may liquidate or dissolve if the Borrower determines in good
faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders, 
 (v) prior to the Security Termination Date, the stock or assets of any Restricted Subsidiary may be sold, transferred, leased or otherwise disposed of in connection with the making of an investment in a Joint Venture
permitted under Section 6.04(h)(iii) below, and 
 (vi) the stock or assets of any Restricted Subsidiary may be
sold, transferred, leased or otherwise disposed of in a transaction permitted under Section 6.10; 
 provided that any such merger that would otherwise be permitted by this Section 6.03 involving a Person that is not a wholly owned Restricted Subsidiary immediately prior to such merger shall not be permitted unless also
permitted by Section 6.04. 
 (b) Lines of Business. The Borrower will not, and will not permit any of its
Restricted Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Borrower and its Subsidiaries on the Effective Date and businesses reasonably related thereto. 
  

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 (c) Sales of Assets. On and after the Security Termination Date, the Borrower will
not, and will not permit any of its Restricted Subsidiaries to, sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) any of its assets or property, whether now owned or hereafter acquired, or, in the case
of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s capital stock to any Person, except: 
 (i) the sale, transfer or other disposition of obsolete, worn out or surplus property in the ordinary course of business; 
 (ii) the sale of inventory and goods held for sale in the ordinary course of business; 
 (iii) the lease or sublease
of real or personal property in the ordinary course of business; 
 (iv) sales, transfers, leases and other dispositions
permitted by Section 6.03(a) (other than Section 6.03(a)(iv)); 
 (v) the sale, transfer or other
disposition of assets or property (including the sale or issuance of capital stock of any Restricted Subsidiary) (A) to the Borrower or any Subsidiary Guarantor, (B) between Restricted Subsidiaries that are not Subsidiary Guarantors and
(C) subject to Section 6.04(d), of the Borrower or any Subsidiary Guarantor constituting Investments to any Restricted Subsidiary that is not a Subsidiary Guarantor; and 
 (vi) sales or discounts without recourse (except in the case of clause (B), with respect to Standard Securitization Undertakings) of
Accounts Receivable either (A) arising in the ordinary course of business in connection with the compromise or collection thereof or (B) in a transaction permitted by Section 6.14. 
 (d) Notwithstanding the restrictions set forth in this Section 6.03, (i) the divestiture or other disposition of specific
assets and property of the Borrower or its Restricted Subsidiaries pursuant to an order by any Governmental Authority shall be permitted to the extent such order is given by such Governmental Authority as a prerequisite to the receipt of such
Governmental Authority’s approval in connection with a pending Acquisition by the Borrower or any Restricted Subsidiary and the Borrower or such Restricted Subsidiary shall have repaid all Indebtedness (other than Indebtedness outstanding
hereunder) associated with the assets or property so divested or disposed (or such Indebtedness shall have been assumed by the purchaser of such assets or property) and (ii) the sale, transfer or other disposition of other property or assets of
the Borrower and the Restricted Subsidiaries (including the sale of stock or other assets otherwise prohibited by Sections 6.03(a) or (c)) for fair value shall be permitted so long as (A) the aggregate amount of all such sales, transfers and
other dispositions by the Borrower and the Restricted Subsidiaries, taken as a 

  

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whole, pursuant to this Section 6.03(d)(ii), shall not exceed, in the aggregate, 20% of the Consolidated Total Assets; provided that, to
the extent that (1) the proceeds of any such sale, transfer or other disposition permitted under this Section 6.03(d)(ii)(A) are reinvested in assets that are related to the business in which the Borrower and its Restricted
Subsidiaries are permitted to be engaged under Section 6.03(b) within the period of twelve (12) months following such sale, transfer or other disposition and (2) the amount of proceeds of all such sales, transfers or other
dispositions that are subject to reinvestment do not at any one time exceed 20% of the Consolidated Total Assets, such sale, transfer or other disposition shall be excluded for purposes of computing the amount of sales, transfers and other
dispositions made pursuant to Section 6.03(d)(ii)(A); provided, further, that, to the extent that the Borrower or any Restricted Subsidiary has acquired any assets that are related to the business in which the Borrower and
its Restricted Subsidiaries are permitted to be engaged under Section 6.03(b) during the period six months prior to such sale, transfer or other disposition, then the proceeds of such sale, transfer or other disposition may be deemed to
have been reinvested for the purpose of determining compliance with the preceding proviso and (B) at the time thereof and immediately after giving effect thereto, no Default or Event of Default shall have occurred and be continuing; 

SECTION 3. Conditions to Effectiveness. This Amendment shall become effective upon the date (the “First Amendment Effective
Date”) on which the Administrative Agent shall have received counterparts of this Amendment, executed and delivered by a duly authorized officer of each of the Obligors and Lenders constituting the Required Lenders. 
 SECTION 4. Representations and Warranties. The Borrower represents and warrants to the Administrative Agent and the Lenders that as of the First
Amendment Effective Date, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing and the representations and warranties made by the Borrower in or pursuant to the Credit Agreement or any other Loan
Document are true and correct in all material respects on and as of the First Amendment Effective Date as if made on such date (except to the extent that any such representations and warranties expressly relate to an earlier date, in which case such
representations and warranties were true and correct in all material respects on and as of such earlier date). 
 SECTION 5. Effect of
Amendment. (a) This Amendment shall not constitute an amendment or waiver of or consent to any provision of the Credit Agreement and the other Loan Documents not expressly referred to herein and shall not be construed as an amendment,
waiver or consent to any action on the part of the Borrower that would require an amendment, waiver or consent of the Administrative Agent or the Lenders except as expressly stated herein. Except as expressly amended hereby, the provisions of the
Credit Agreement and the other Loan Documents are and shall remain in full force and effect in accordance with its terms. 
 (b) On and after
the First Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other
Loan Document shall be deemed a reference to the Credit Agreement as amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents. 
  

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 SECTION 6. Costs and Expenses. The Borrower agrees to reimburse the Administrative Agent for its
reasonable out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent. 
 SECTION 7. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 
 SECTION 8. Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts
(including by facsimile or other electronic transmission), each of which when so executed and delivered shall be deemed an original and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 SECTION 9. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [The remainder of this page is intentionally left
blank.] 
  

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

			
	SMITHFIELD FOODS, INC.
		
	By	 	 /s/ Daniel G. Stevens

	Name:	 	Daniel G. Stevens
	Title:	 	Vice President and Chief Financial Officer

 SUBSIDIARY GUARANTORS 
  

							
	 CODDLE ROASTED MEATS, INC.
 GWALTNEY OF SMITHFIELD, LTD.
 HANCOCK’S OLD FASHIONED COUNTRY HAM, INC.
 IOWA QUALITY MEATS, LTD.
 JOHN MORRELL & CO.
 LYKES MEAT GROUP, INC.
 MOYER PACKING COMPANY
 PACKERLAND-PLAINWELL, INC.
 NORTH SIDE FOODS CORP.
 PACKERLAND PACKING COMPANY, INC.
 PATRICK CUDAHY INCORPORATED
 PREMIUM PORK, INC.
 QUIK-TO-FIX FOODS, INC.
 STADLER’S COUNTRY HAMS, INC.
 SUN LAND BEEF COMPANY
 SUNNYLAND, INC.
 THE SMITHFIELD COMPANIES, INC.
 THE SMITHFIELD PACKING COMPANY, INCORPORATED
 STEFANO FOODS, INC.
 THE SMITHFIELD HAM AND PRODUCTS COMPANY, INCORPORATED
 DAKOTA ACQUISITION COMPANY

 JOHN MORRELL OF JAPAN, INC.
 MURPHY FARMS OF TEXHOMA, INC.
	    	 BROWN’S OF CAROLINA LLC
 CARROLL’S FOODS LLC
 CARROLL’S FOODS OF VIRGINIA LLC
 CENTRAL PLAINS FARMS LLC
 CIRCLE FOUR LLC
 MURPHY FARMS
LLC
 QUARTER M FARMS LLC,
 MURPHY-BROWN HOLDINGS LLC

each a Delaware limited liability company

	    	  
 By
	 	  
 MURPHY-BROWN LLC,

	    		 	 a Delaware limited liability company,
 as
a sole member of each

	    		 	  
 By
	 	JOHN MORRELL & CO.,
	    		 		 	 a Delaware corporation,
 as its sole
member

	    		 		 	  
 /s/ Daniel G. Stevens

	    		 	Name:	 	Daniel G. Stevens
	    		 	Title:	 	Vice President
	    		 		 	
	    		 		 	
	    		 		 	
	    		 		 	
	    		 		 	
	    		 		 	
	    		 		 	

  

 Signature Page to First Amendment to 
 Smithfield Foods, Inc. Revolving Credit Agreement 

					
	 SHOWCASE FOODS, INC.
 SMITHFIELD GLOBAL
PRODUCTS, INC.
 CATTLE PRODUCTION SYSTEMS, INC.
 FARMLAND FOODS,
INC.

		
	By	 	 /s/ Daniel G. Stevens

	Name:	 	Daniel G. Stevens
	Title:	 	Vice President
	
	 MURPHY-BROWN LLC,
 a Delaware limited
liability company

			
		 	By	 	JOHN MORRELL & CO.,
		 		 	 a Delaware corporation,
 as its sole
member

			
		 		 	 /s/ Daniel G. Stevens

		 	Name:	 	Daniel G. Stevens
		 	Title:	 	Vice President

  

 Signature Page to First Amendment to 
 Smithfield Foods, Inc. Revolving Credit Agreement 

			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender
		
	By:	 	 /s/ Randolph Cates

	Name:	 	Randolph Cates
	Title:	 	Vice President

  

 Signature Page to First Amendment to 
 Smithfield Foods, Inc. Revolving Credit Agreement 

			
	Citicorp USA, Inc.
		
	By:	 	 /s/ Robert H. Chen

	Name:	 	Robert H. Chen
	Title:	 	Vice President
	
	COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. “RABOBANK INTERNATIONAL”, NEW YORK BRANCH
		
	By:	 	 /s/ Robert M. Mandula

	Name:	 	Robert M. Mandula
	Title:	 	Managing Director
		
	By:	 	 /s/ Rebecca O. Morrow

	Name:	 	Rebecca O. Morrow
	Title:	 	Executive Director
	
	Bank of America, N.A.
		
	By:	 	 /s/ William F. Sweeney

	Name:	 	William F. Sweeney
	Title:	 	Senior Vice President
	
	BNP Paribas
		
	By:	 	 /s/ Richard Broeren

	Name:	 	Richard Broeren
	Title:	 	Managing Director
		
	By:	 	 /s/ Gaye Plunkett

	Name:	 	Gaye Plunkett
	Title:	 	Vice President
	
	CoBank, ACB
		
	By:	 	 /s/ Jim Stutzman

	Name:	 	Jim Stutzman
	Title:	 	Vice President

  

 Signature Page to First Amendment to 
 Smithfield Foods, Inc. Revolving Credit Agreement 

			
	Harris N.A., successor by merger to Harris Trust and Savings Bank
		
	By:	 	 /s/ John R. Carley

	Name:	 	John R. Carley
	Title:	 	Vice President
	
	The Royal Bank of Scotland PLC
		
	By:	 	 /s/ Michaela Galluzzo

	Name:	 	Michaela Galluzzo
	Title:	 	Vice President
	
	ING CAPITAL LLC
		
	By:	 	 /s/ Daniel W. Lamprecht

	Name:	 	Daniel W. Lamprecht
	Title:	 	Managing Director
	
	Mizuho Corporate Bank, Ltd.
		
	By:	 	 /s/ Takahiko Ueda

	Name:	 	Takahiko Ueda
	Title:	 	Deputy General Manager
	
	U.S. Bank National Association
		
	By:	 	 /s/ Sara Reid

	Name:	 	Sara Reid
	Title:	 	Vice President
	
	Wachovia Bank, National Association
		
	By:	 	 /s/ Beth Rue

	Name:	 	Beth Rue
	Title:	 	Vice President
	
	Goldman Sachs Credit Partners, L.P.
		
	By:	 	 /s/ James V. Balcom

	Name:	 	James V. Balcom
	Title:	 	Authorized Signatory

  

 Signature Page to First Amendment to 
 Smithfield Foods, Inc. Revolving Credit Agreement 

			
	CAPE FEAR FARM CREDIT, ACA
		
	By:	 	 /s/ Randy T. Pope

	Name:	 	Randy T. Pope
	Title:	 	Vice President

  

 Signature Page to First Amendment to 
 Smithfield Foods, Inc. Revolving Credit AgreementExhibit 4.3

 Exhibit 4.3 
 [LETTERHEAD OF SOCIETE GENERALE] 
  

	To:	SMITHFIELD FOODS, INC. (the Company) for itself and as agent for each of the other Obligors and Security Providers party to the Agreement (as defined below) and the Campofrio
Security Document 

 200 Commerce Street 
 Smithfield, Virginia 23430 
 USA 
 For the attention of:     Carey Dubois 
 13 August 2007 
 Dear Sirs, 
 euro 300,000,000 credit agreement (the Agreement) dated
22 August 2006 for Smithfield Capital Europe BV between (among others) Smithfield Capital Europe BV, the Company and Société Générale as facility agent (the Facility Agent) 
  

	1.	Background 

  

	(a)	We refer to the Agreement. This letter is supplemental to and amends the Agreement. 

  

	(b)	Pursuant to clause 37.1 (Required consents) of the Agreement, the Majority Lenders have consented to the amendments and the waiver to the terms of the Agreement contemplated by this
letter. Accordingly, we are authorised to execute this letter on behalf of the Finance Parties. 

  

	(c)	Under a letter dated 26 July 2007, the Company has requested that the Majority Lenders: 

  

	 	(i)	waive the requirement under Clause 6(a) (Extension option) of the Agreement that the Borrower provides any Extension Request before the first anniversary of the Agreement (the
First Extension Request) no later than 60 days before that anniversary and accept, in lieu of a valid Extension Request under that Clause, the letter dated 25 July 2007 from the Company to the Facility Agent (the Request Letter)
as constituting a valid Extension Request (notwithstanding the date of the Request Letter); and 

  

	 	(ii)	in relation to the First Extension Request only, consent to amend Clause 6(f) and (g) (Extension option) of the Agreement so that any reference to “the date falling 30
days from the date of the relevant Extension Request” will be read as a reference to “10 August 2007”. 

	2.	Interpretation 

  

	(a)	Capitalised terms defined in the Agreement have the same meaning when used in this letter, unless expressly defined in this letter. 

  

	(b)	The provisions of clause 1.2 (Construction) of the Agreement apply to this letter as though they were set out in full in this letter except that references to the Agreement are to
be construed as references to this letter. 

  

	(c)	Effective Date means 10 July 2007 or such other date as the Company and the Facility Agent agree. 

  

	3.	Waiver of certain obligations 

 The Majority Lenders
have agreed to waive the requirements under Clause 6(a) (Extension option) of the Agreement referred to in paragraph 1(c)(i) above. Accordingly, we are authorised to confirm that the requirements under Clause 6(a) (Extension option) of the Agreement
referred to in paragraph 1(c)(i) above are waived with effect from the date on which the Obligors and the Security Providers countersign this letter. 
  

	4.	Amendments 

  

	(a)	Subject to subparagraph (b) below, the Agreement will be amended on and from the Effective Date in accordance with subparagraph (c) below. 

  

	(b)	The Agreement will not be amended by this letter unless the Facility Agent notifies the Company and the Lenders that it has received a copy of this letter countersigned by the
Obligors and Security Providers. The Facility Agent must give this notification as soon as reasonably practicable. 

  

	(c)	The Agreement will be amended as follows: 

 In each of
paragraphs (f) and (g) of clause 6 (Extension option), the following wording will be added before “on or before the date falling 30 days from the date of the relevant Extension Request”: 
 “, in the case of an Extension Request made before the first anniversary of the Signing Date only, on or before 10 August 2007, and any other
cases,”. 
  

	5.	Representations 

 Each Obligor and each Security
Provider confirms to each Finance Party that on the date of this letter and on the Effective Date the Repeating Representations and the representations under the Campofrio Security Document: 
  

	(a)	are true; and 

  

	(b)	would also be true if references to the Agreement were construed as references to the Agreement as amended by this letter. 

  

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 Each Repeating Representation and each representation under the Campofrio Security Document is applied to
the circumstances existing at the time the Repeating Representation is made. 
  

	6.	Consents 

 Each Obligor and each Security Provider:

  

	(a)	agrees to the amendments and waiver of the Agreement as contemplated by this letter; and 

  

	(b)	with effect from the Effective Date, confirms that any guarantee or security given by it under a Finance Document will: 

  

	 	(i)	continue in full force and effect; and 

  

	 	(ii)	extend to the liabilities and obligations of the Obligors to the Finance Parties under the Finance Document as amended by this letter. 

  

	7.	Miscellaneous 

  

	(a)	This letter is a Finance Document. 

  

	(b)	From the Effective Date, the Agreement and this letter will be read and construed as one document. 

  

	(c)	Except as otherwise provided in this letter, the Finance Documents remain in full force and effect. 

  

	(d)	Except to the extent expressly waived in this letter, no waiver of any provision of any Finance Document is given by the terms of this letter and the Finance Parties expressly
reserve all their rights and remedies in respect of any breach of, or other Default under, the Finance Documents. 

  

	8.	Governing law 

 This letter is governed by English
law. 
  

	
	 /s/ Sebastien Ribatto

	For
	 SOCIETE GENERALE
 as Facility Agent for and
on behalf of the other Finance Parties

  

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 We agree with the terms of this letter. 
  

	
	 /s/ Carey J. Dubois

	For
	SMITHFIELD FOODS, INC.
	
	Date: August 14, 2007
	
	 /s/ Carey J. Dubois

	For
	SMITHFIELD CAPITAL EUROPE BV.
	
	Date: August 14, 2007
	
	 /s/ Richard J.M. Poulson

	For
	SMITHFIELD ROMANIA SRL
	
	Date: August 14, 2007
	
	 /s/ Richard J.M. Poulson

	For
	SMITHFIELD PROCESARE SRL.
	
	Date: August 14, 2007
	
	 /s/ Charles Griffith

	For
	PRIMA FARMS Sp. z o.o.
	
	Date: August 14, 2007

  

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	 /s/ Carey J. Dubois

	For
	COLD FIELD INVESTMENTS LLC
	
	Date: August 14, 2007
	
	 /s/ Brad Adderley

	For
	SMITHFIELD INSURANCE CO. LTD
	
	Date: August 14, 2007

  

 5

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