Document:

Exhibit 4.2

 

 

TYSON FOODS, INC.,

 

as Issuer,

 

AND

 

THE BANK OF NEW YORK MELLON TRUST COMPANY,
N.A.

 

(as successor to JPMorgan Chase Bank, N.A.
(formerly The Chase Manhattan Bank, N.A.))

 

as Trustee

 

Supplemental Indenture

 

Dated as of February 19, 2019

 

Supplemental to Indenture

 

Dated as of June 1, 1995

 

4.000% Senior Notes due 2026

 

     

     

    

TABLE OF CONTENTS

 

Page

 

	ARTICLE 1	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	2

	SECTION 1.01.	Scope of Supplemental Indenture	2
	SECTION 1.02.	Definitions	2

	ARTICLE 2	THE SECURITIES	12

	SECTION 2.01.	Title and Terms; Payments	12
	SECTION 2.02.	Book-Entry Provisions for Global Notes	12
	SECTION 2.03.	CUSIP Numbers	13

	ARTICLE 3	REDEMPTION	13

	SECTION 3.01.	Optional Redemption	13
	SECTION 3.02.	Selection and Notice of Redemption	13
	SECTION 3.03.	Mandatory Redemption or Purchase	14

	ARTICLE 4	ADDITIONAL COVENANTS	14

	SECTION 4.01.	Offer to Purchase Upon Change of Control Triggering Event	14
	SECTION 4.02.	Restrictions on Consolidations, Mergers and Sales of Assets	15
	SECTION 4.03.	SEC Reports	15
	SECTION 4.04.	Compliance Certificates	16

	ARTICLE 5	REMEDIES	16

	SECTION 5.01.	Events of Default	16
	SECTION 5.02.	Acceleration	17
	SECTION 5.03.	Remaining Provisions	17

	ARTICLE 6	SATISFACTION AND DISCHARGE	18

	SECTION 6.01.	Satisfaction and Discharge	18
	SECTION 6.02.	Legal Defeasance	18
	SECTION 6.03.	Covenant Defeasance	18

	ARTICLE 7	SUPPLEMENTAL INDENTURES	18

	SECTION 7.01.	Amendments or Supplements Without Consent of Holders	18
	SECTION 7.02.	Amendments, Supplements or Waivers With Consent of Holders	19
	SECTION 7.03.	Payment for Consent	19

	ARTICLE 8	MISCELLANEOUS	19

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TABLE OF CONTENTS

(cont.) 

 

Page

 

	SECTION 8.01.	Governing Law and Jury Trial Waiver	19
	SECTION 8.02.	Payments on Business Days	20
	SECTION 8.03.	No Security Interest Created	20
	SECTION 8.04.	Trust Indenture Act	20
	SECTION 8.05.	Notices	20
	SECTION 8.06.	Benefits of Indenture	21
	SECTION 8.07.	Successors	21
	SECTION 8.08.	Table of Contents, Headings, Etc.	21
	SECTION 8.09.	Execution in Counterparts	21
	SECTION 8.10.	Severability	21
	SECTION 8.11.	The Trustee	21
	SECTION 8.12.	Foreign Account Tax Compliance Act (FATCA)	22

 

 

EXHIBITS

 

	Exhibit A	-	Form of Note	A-1

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SUPPLEMENTAL INDENTURE, dated as of February
19, 2019, between Tyson Foods, Inc., a Delaware corporation (the “Company”) and The Bank of New York Mellon
Trust Company, N.A. (as successor to JPMorgan Chase Bank, N.A. (formerly The Chase Manhattan Bank, N.A.)), as trustee (the “Trustee”)
under the indenture dated as of June 1, 1995, between the Company and the Trustee (as amended or supplemented from time to time
in accordance with the terms thereof, the “Original Indenture”).

 

RECITALS OF THE COMPANY

 

WHEREAS, the Company executed and delivered
the Original Indenture to the Trustee to provide, among other things, for the future issuance of the Company’s unsecured
Securities from time to time in one or more series as might be determined by the Company under the Original Indenture, in an unlimited
aggregate principal amount which may be authenticated and delivered as provided in the Original Indenture;

 

WHEREAS, Section 9.1 of the Original Indenture
provides for various matters with respect to any series of Securities issued under the Original Indenture to be established in
an indenture supplemental to the Original Indenture;

 

WHEREAS, Section 9.1(5) of the Original
Indenture provides for the Company and the Trustee to enter into an indenture supplemental to the Original Indenture to establish
the form or forms or terms of Securities of any series or of the coupons appertaining to such series as permitted by Section 2.3
of the Original Indenture;

 

WHEREAS, the Board of Directors has duly
adopted resolutions authorizing the Company to execute and deliver this Supplemental Indenture;

 

WHEREAS, pursuant to the terms of the Original
Indenture, the Company desires to provide for the establishment of a new series of its Securities to be known as its “4.000%
Senior Notes due 2026” (the “Notes”), the form and substance of such Notes and the terms, provisions and
conditions thereof to be set forth as provided in the Original Indenture and this Supplemental Indenture;

 

WHEREAS, the Form of Note is to be substantially
in the form hereinafter provided for; and

 

WHEREAS, the Company has requested that
the Trustee execute and deliver this Supplemental Indenture, and that all requirements necessary to make (i) this Supplemental
Indenture a valid instrument in accordance with its terms and (ii) the Notes, when executed by the Company and authenticated and
delivered by the Trustee, the valid obligations of the Company have been performed, and the execution and delivery of this Supplemental
Indenture have been duly authorized in all respects.

 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE
WITNESSETH, for and in consideration of the premises and the purchases of the Notes by the Holders thereof, it is mutually agreed,
for the benefit of the parties hereto and the equal and proportionate benefit of all Holders of the Notes, as follows:

 

     

     

    

ARTICLE
1

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

 

SECTION 1.01.Scope of Supplemental
Indenture. The changes, modifications and supplements to the Original Indenture effected by this Supplemental Indenture shall
be applicable only with respect to, and shall only govern the terms of, the Notes, which may be issued from time to time, and shall
not apply to any other Securities that may be issued under the Original Indenture unless a supplemental indenture with respect
to such other Securities specifically incorporates such changes, modifications and supplements. The provisions of this Supplemental
Indenture shall supersede any corresponding provisions in the Original Indenture.

 

SECTION 1.02.Definitions. For
all purposes of the Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 

(i)  the
terms defined in this Article 1 shall have the meanings assigned to them in this Article and include the plural as well as the
singular;

 

(ii)  all
words, terms and phrases defined in the Original Indenture (but not otherwise defined herein) shall have the same meaning herein
as in the Original Indenture;

 

(iii)  all
other terms used herein that are defined in the Trust Indenture Act, either directly or by reference therein, shall have the meanings
assigned to them therein;

 

(iv)  all
accounting terms not otherwise defined herein shall have the meanings assigned to them in accordance with GAAP; and

 

(v)  the
words “herein,” “hereof” and “hereunder” and other words of similar import
refer to this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision.

 

“Additional Notes” has
the meaning specified in Section 2.01 hereof.

 

“Adjusted Treasury Rate”
means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage amount) equal to the Comparable Treasury
Price for such redemption date.

 

“Affiliate” of any specified
Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control
with such specified Person. For the purposes of this definition, “control”, when used with respect to any Person,
means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of
voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

“Agent Members” has the
meaning specified in Section 2.02 hereof.

 

“Attributable Debt” means,
as to any particular lease under which any Person is at the time liable, other than a capital lease, and at any date as of which
the amount of such lease is to

 

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be determined, the total net amount of rent
required to be paid by such Person under such lease during the initial term of such lease as determined in accordance with GAAP,
discounted from the last date of such initial term to the date of determination at a rate per annum equal to the discount rate
which would be applicable to a capital lease with like term in accordance with GAAP. The net amount of rent required to be paid
under any such lease for any such period shall be the aggregate amount of rent payable by the lessee with respect to such period
after excluding amounts required to be paid on account of insurance, taxes, assessments, utility, operating and labor costs and
similar charges. In the case of any lease which is terminable by the lessee upon the payment of a penalty, such net amount shall
also include the amount of such penalty, but no rent shall be considered as required to be paid under such lease subsequent to
the first date upon which it may be so terminated. “Attributable Debt” means, as to a capital lease under which
any Person is at the time liable and at any date as of which the amount of such lease is to be determined, the capitalized amount
of such lease that would appear on the face of a balance sheet of such Person in accordance with GAAP.

 

“Board of Directors”
means the Board of Directors of the Company or any committee thereof duly authorized to act on behalf of such Board.

 

“Business Day” means
any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized
or required by law or regulation to close in the City of New York.

 

“Capital Lease Obligation”
means an obligation that is required to be classified and accounted for as a capital lease for financial reporting purposes in
accordance with GAAP, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation
determined in accordance with GAAP; and the Stated Maturity thereof shall be the date of the last payment of rent or any other
amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a
penalty.

 

“Capital Stock” of any
Person means any and all shares, interests (including partnership interests), rights to purchase, warrants, options, participations
or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding
any debt securities convertible into such equity.

 

“Change of Control” means
the occurrence of any of the following:

 

(1)  the
Permitted Holders cease to be the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act),
directly or indirectly, of a majority in the aggregate of the total voting power of the Voting Stock of the Company, whether as
a result of issuance of securities of the Company, any merger, consolidation, liquidation or dissolution of the Company, or any
direct or indirect transfer of securities of the Company by the Permitted Holders or otherwise (for purposes of this clause (1)
and clause (2) below, the Permitted Holders shall be deemed to beneficially own any Voting Stock of a Person (the “specified
person”) held by any other Person (the “parent entity”) so long as the Permitted Holders beneficially own (as
so defined), directly or indirectly, in the aggregate a majority of the voting power of the Voting Stock of the parent entity);

 

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(2)  the
consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person”
(as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, becomes the “beneficial
owner” (as defined in clause (1) above), directly or indirectly, of more than 50% of the total voting power of the Voting
Stock of the Company;

 

(3)  the
direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one
or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole
to any Person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act)) other than to
the Company or one of its Subsidiaries;

 

(4)  the
Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Company,
in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is
converted into or exchanged for cash, securities or other property; or

 

(5)  the
adoption of a plan relating to the liquidation or dissolution of the Company.

 

Notwithstanding the foregoing, a transaction
will not be considered to be a Change of Control if (i) the survivor or transferee is a Person that is controlled by the Permitted
Holders or (ii) a transaction following which (A) in the case of a merger or consolidation transaction, holders of securities that
represented 100% of the Voting Stock of the Company immediately prior to such transaction (or other securities into which such
securities are converted as part of such merger or consolidation transaction) own directly or indirectly at least a majority of
the voting power of the Voting Stock of the surviving Person in such merger or consolidation transaction immediately after such
transaction and (B) in the case of a sale of assets transaction, each transferee becomes an obligor in respect of the Notes and
a Subsidiary of the transferor of such assets.

 

“Change of Control Offer”
has the meaning specified in Section 4.01(b) hereof.

 

“Change of Control Triggering Event”
means the occurrence of both a Change of Control and a Rating Event. Notwithstanding the foregoing, no Change of Control Triggering
Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control
has actually been consummated.

 

“Code” means the Internal
Revenue Code of 1986, as amended.

 

“Commodity Price Protection Agreement”
means, with respect to any Person, any forward contract, commodity swap, commodity option or other similar agreement or arrangement
entered into with respect to fluctuations in commodity prices.

 

“Comparable Treasury Issue”
means the United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable
to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities

 

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of comparable maturity to the remaining term
of such Notes (assuming for this purpose, the Notes mature on the Par Call Date).

 

“Comparable Treasury Price”
means, with respect to any redemption date, (i) the average of the Reference Treasury Quotations for such redemption date, after
excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Company obtains fewer than three such
Reference Treasury Dealer Quotations, the average of all such Quotations.

 

“Credit Agreement” means
the Amended and Restated Credit Agreement, dated as of March 14, 2018, by and among the Company, the subsidiary borrowers party
thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, together with the related documents
thereto (including any guarantees and security documents), as amended, extended, renewed, restated, supplemented or otherwise modified
(in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time,
and any agreement (and related document) governing Indebtedness incurred to Refinance, in whole or in part, the borrowings and
commitments then outstanding or permitted to be outstanding thereunder or under successor Credit Agreements, whether by the same
or any other lender or group of lenders.

 

“Currency Agreement”
means any foreign exchange contract, currency swap agreement or other similar agreement with respect to currency values.

 

“Default” means any event
which is, or after notice or passage of time or both would be, an Event of Default.

 

“Depositary” means The
Depository Trust Company until a successor Depositary shall have become such pursuant to the applicable provisions of the Indenture,
and thereafter “Depositary” shall mean such successor Depositary.

 

“Disqualified Stock”
means, with respect to any Person, any Capital Stock which by its terms (or by the terms of any security into which it is convertible
or for which it is exchangeable at the option of the holder) or upon the happening of any event:

 

(1)  matures
or is mandatorily redeemable (other than redeemable only for Capital Stock of such Person which is not itself Disqualified Stock)
pursuant to a sinking fund obligation or otherwise;

 

(2)  is
convertible or exchangeable at the option of the holder for Indebtedness or Disqualified Stock; or

 

(3)  is
mandatorily redeemable or must be purchased upon the occurrence of certain events or otherwise, in whole or in part;

 

in each case on or prior to the first anniversary of the Stated
Maturity of the Notes; provided, however, that any Capital Stock that would not constitute Disqualified Stock
but for provisions thereof giving holders thereof the right to require such Person to purchase or redeem such Capital Stock upon
the occurrence of an “asset sale” or “change of control” occurring prior to the first anniversary of the
Stated Maturity of the Notes shall not constitute Disqualified Stock if:

 

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(4)  the
“asset sale” or “change of control” provisions applicable to such Capital Stock are not more favorable
to the holders of such Capital Stock than the terms applicable to the Notes and set forth in Section 4.01 hereof; and

 

(5)  any
such requirement only becomes operative after compliance with such terms applicable to the Notes, including the purchase of any
Notes tendered pursuant thereto.

 

The amount of any Disqualified Stock that does not have a fixed
redemption, repayment or repurchase price will be calculated in accordance with the terms of such Disqualified Stock as if such
Disqualified Stock were redeemed, repaid or repurchased on any date on which the amount of such Disqualified Stock is to be determined
pursuant to the Indenture; provided, however, that if such Disqualified Stock could not be required to be
redeemed, repaid or repurchased at the time of such determination, the redemption, repayment or repurchase price will be the book
value of such Disqualified Stock as reflected in the most recent financial statements of such Person.

 

“Exchange Act” means
the U.S. Securities Exchange Act of 1934, as amended.

 

“Event of Default” has
the meaning specified in Section 5.01 hereof.

 

“Fair Market Value” means,
with respect to any asset or property, the price which could be negotiated in an arm’s length, free market transaction, for
cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete
the transaction. Fair Market Value will be determined in good faith by the Board of Directors, whose determination will be conclusive
and evidenced by a resolution of such Board of Directors.

 

“Fitch” means Fitch Ratings
Inc. and its successors.

 

“GAAP” means generally
accepted accounting principles in the United States of America as in effect as of the Issue Date, including those set forth in:

 

(1)  the
opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants;

 

(2)  statements
and pronouncements of the Financial Accounting Standards Board;

 

(3)  such
other statements by such other entity as approved by a significant segment of the accounting profession; and

 

(4)  the
rules and regulations of the SEC governing the inclusion of financial statements (including pro forma financial statements) in
periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff
accounting bulletins and similar written statements from the accounting staff of the SEC.

 

“Global Note” means any
Note that is a Registered Global Security.

 

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“Guarantee” means any
obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person and
any obligation, direct or indirect, contingent or otherwise, of such other Person:

 

(1)  to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising
by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take-or-pay
or to maintain financial statement conditions or otherwise); or

 

(2)  entered
into for the purpose of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such
obligee against loss in respect thereof (in whole or in part);

 

provided, however, that the term “Guarantee”
shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” used
as a verb has a corresponding meaning.

 

“Hedging Obligations”
of any Person means the obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodity Price
Protection Agreement.

 

“Holder” means the Person
in whose name a Note is registered on the Registrar’s books.

 

“Indebtedness” means,
with respect to any Person on any date of determination (without duplication):

 

(1)  the
principal in respect of (A) indebtedness of such Person for money borrowed and (B) indebtedness evidenced by notes, debentures,
bonds or other similar instruments for the payment of which such Person is responsible or liable, including, in each case, any
premium on such indebtedness to the extent such premium has become due and payable;

 

(2)  all
Capital Lease Obligations of such Person and all Attributable Debt in respect of all sale and lease-back transactions entered into
by such Person;

 

(3)  all
obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale obligations of such
Person and all obligations of such Person under any title retention agreement (but excluding any trade accounts payable or other
liability to trade creditors arising in the ordinary course of business);

 

(4)  all
obligations of such Person for the reimbursement of any obligor on any letter of credit, bankers’ acceptance or similar credit
transaction (other than obligations with respect to letters of credit securing obligations (other than obligations of other Persons
described in clauses (1) through (3) above) entered into in the ordinary course of business of such Person to the extent such letters
of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the tenth Business Day
following payment on the letter of credit);

 

(5)  the
amount of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock
of such Person or, with respect to any Preferred Stock of any Subsidiary of such Person that is not 100% owned by such Person,
the

 

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principal amount of such Preferred Stock to
be determined in accordance with the Indenture (but excluding, in each case, any accrued dividends);

 

(6)  all
obligations of the type referred to in clauses (1) through (5) of other Persons and all dividends of other Persons for the payment
of which, in either case, such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including
by means of any Guarantee, other than endorsements of negotiable instruments for collection in the ordinary course of business;

 

(7)  all
obligations of the type referred to in clauses (1) through (6) of other Persons secured by any Lien on any property or asset of
such Person (whether or not such obligation is assumed by such Person), the amount of such obligation being deemed to be the lesser
of the Fair Market Value of such property or assets and the amount of the obligation so secured; and

 

(8)  to
the extent not otherwise included in this definition, the net obligations pursuant to any Hedging Obligations of such Person.

 

Notwithstanding the foregoing, in connection with the purchase
by the Company or any Subsidiary of any business, the term “Indebtedness” will exclude post-closing payment adjustments
to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment
depends on the performance of such business after the closing; provided, however, that, at the time of closing,
the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the
amount is paid within 60 days thereafter.

 

The amount of Indebtedness of any Person
at any date shall be the outstanding balance at such date of all unconditional obligations as described above; provided,
however, that, in the case of Indebtedness sold at a discount, the amount of such Indebtedness at any time shall be the
accreted value thereof at such time. Except as otherwise expressly provided herein, the term “Indebtedness” shall not
include cash interest thereon.

 

“Indenture” means the
Original Indenture, as supplemented by this Supplemental Indenture as originally executed or as it may from time to time be supplemented
or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including,
for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed
to be a part of and govern this Supplemental Indenture and any such supplemental indenture, respectively.

 

“Initial Notes” has the
meaning specified in Section 2.01 hereof.

 

“Interest Payment Date”
means, with respect to the payment of interest on the Notes, each March 1 and September 1 of each year.

 

“Interest Rate Agreement”
means any interest rate swap agreement, interest rate cap agreement or other financial agreement or arrangement with respect to
exposure to interest rates.

 

“Investment Grade” means
a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s), a rating
of BBB- or better by S&P (or its

 

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equivalent under any successor rating categories
of S&P) and a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch) and the
equivalent investment grade credit rating from any replacement rating agency or rating agencies selected by the Company under the
circumstances permitting it to select a replacement rating agency and in the manner for selecting a replacement rating agency,
in each case as set forth in the definition of “Rating Agencies.”

 

“Issue Date” means February
19, 2019.

 

“Lien” means any mortgage,
pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement
or lease in the nature thereof).

 

“Moody’s” means
Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors.

 

“Note” or “Notes”
has the meaning specified in the fifth paragraph of the recitals of this Supplemental Indenture, and shall include any Additional
Notes issued pursuant to Section 2.01 hereof.

 

“Officer” means the Chief
Executive Officer, the Chief Financial Officer, the President, any Vice President, the Treasurer, the Assistant Treasurer, the
Secretary or any Assistant Secretary of the Company.

 

“Officers’ Certificate”
means a certificate signed by two Officers.

 

“Opinion of Counsel”
means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the
Company.

 

“Original Indenture”
has the meaning specified in the first paragraph of this Supplemental Indenture.

 

“Par Call Date” means
on or after January 1, 2026.

 

“Paying Agent” means
any Person (including the Company) authorized by the Company to pay the principal amount of or interest on any Notes on behalf
of the Company. The Paying Agent shall initially be the Trustee.

 

“Permitted Holders” means
(1) the Tyson Limited Partnership (or any successor entity), (2) “members of the same family” of Mr. Don Tyson as defined
in Section 447(e) of the Code and (3) any entity (including, but not limited to, any partnership, corporation, trust or limited
liability company) in which one or more individuals described in clauses (1) and (2) hereof possess over 50% of the voting power
or beneficial interests.

 

“Person” means any individual,
corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization,
government or any agency or political subdivision thereof or any other entity.

 

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“Preferred Stock”, as
applied to the Capital Stock of any Person, means Capital Stock of any class or classes (however designated) which is preferred
as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation
or dissolution of such Person, over shares of Capital Stock of any other class of such Person.

 

“principal” of a Note
means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the
relevant time.

 

“Prospectus Supplement”
means the final prospectus supplement related to the offering and sale of the Notes dated February 13, 2019 and filed by the Company
with the SEC on February 14, 2019.

 

“Quotation Agent” means
the Reference Treasury Dealer appointed by the Company.

 

“Rating Agencies” means
(i) each of Moody’s, S&P and Fitch; and (ii) if any of Moody’s, S&P or Fitch ceases to rate the Notes or fails
to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized
statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act that is selected by the Company
(as certified by a resolution of the Board of Directors) as a replacement agency for Moody’s, S&P or Fitch, or each of
them, as the case may be.

 

“Rating Event” means,
with respect to the Notes, (i) the rating of such Notes is lowered by two of the three Rating Agencies on any day during the period
(the “Trigger Period”) commencing on the earlier of (a) the occurrence of a Change of Control and (b) the first
public notice of the Company’s intention to effect a Change of Control, and ending 60 days following consummation of such
Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration
for possible downgrade by any of the Rating Agencies), and (ii) such Notes are rated below Investment Grade by two of the three
Rating Agencies on any day during the Trigger Period; provided that a Rating Event will not be deemed to have occurred in
respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change
of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform
the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance
comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control
has occurred at the time of the Rating Event). If a Rating Agency is not providing a rating for the Notes at the commencement of
such period, the Notes will be deemed to have ceased to be rated as Investment Grade by such Rating Agency during such period.

 

“Record Date” means,
with respect to the payment of interest on the Notes, the 14th calendar day immediately preceding an Interest Payment Date (whether
or not a Business Day).

 

“Reference Treasury Dealer”
means any of Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and RBC
Capital Markets, LLC, their affiliates and their respective successors. However, if any of the foregoing shall cease to be a primary
U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute
therefor another Primary Treasury Dealer.

 

    10 

     

    

“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted
in writing to the Company by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding
such redemption date.

 

“Refinance” means, in
respect of any Indebtedness, to refinance, extend, renew, refund, repay, prepay, purchase, redeem, defease or retire, or to issue
other Indebtedness in exchange or replacement for, such Indebtedness. “Refinanced” and “Refinancing” shall
have correlative meanings.

 

“S&P” means S&P
Global Ratings, a division of S&P Global Inc., and its successors.

 

“SEC” means the U.S.
Securities and Exchange Commission.

 

“Securities Act” means
the U.S. Securities Act of 1933, as amended.

 

“Significant Subsidiary”
means any Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02
under Regulation S-X promulgated by the SEC.

 

“Stated Maturity” means,
with respect to any security, the date specified in such security as the fixed date on which the final payment of principal of
such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing
for the repurchase of such security at the option of the holder thereof upon the happening of any contingency unless such contingency
has occurred).

 

“Subsidiary” means, with
respect to any Person, any corporation, association, partnership, limited liability company or other business entity of which more
than 50% of the total voting power of shares of Voting Stock is at the time owned or controlled, directly or indirectly, by:

 

(1)  such
Person;

 

(2)  such
Person and one or more Subsidiaries of such Person; or

 

(3)  one
or more Subsidiaries of such Person.

 

“Trust Indenture Act”
means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb), as in effect on the Issue Date.

 

“U.S.” means the United
States of America.

 

“U.S. Government Obligations”
means direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America
(including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America
is pledged and which are not callable at the issuer’s option.

 

    11 

     

    

“Voting Stock” of a Person
means all classes of Capital Stock of such Person then outstanding and normally entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof.

 

ARTICLE
2

THE SECURITIES

 

SECTION 2.01.Title and Terms; Payments.
There is hereby authorized a series of Securities designated the “4.000% Senior Notes due 2026” initially limited in
aggregate principal amount to $800,000,000, which amount shall be as set forth in any written order of the Company for the authentication
and delivery of Notes pursuant to Section 2.2 of the Original Indenture.

 

The principal amount of Notes then outstanding
shall be payable at Stated Maturity.

 

The Company may, without the consent of
the Holders of the Notes, hereafter issue additional Notes (“Additional Notes”) under the Indenture with the
same terms and with the same CUSIP numbers as the Notes issued on the date of this Supplemental Indenture (the “Initial
Notes”) in an unlimited aggregate principal amount; provided that if the Additional Notes are not fungible with
the Initial Notes for U.S. federal income tax purposes, such Additional Notes will have a separate CUSIP number. Any such Additional
Notes shall constitute a single series together with the Initial Notes for all purposes hereunder, including, without limitation,
waivers, amendments and offers to purchase.

 

The Form of Note shall be substantially
as set forth in Exhibit A hereto, which is incorporated into and shall be deemed a part of this Supplemental Indenture, with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture, and may have
such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply
with the rules of any securities exchange or as may, consistently herewith, be determined by the officers of the Company executing
such Notes, as evidenced by their execution of the Notes.

 

The Company shall pay principal of and interest
on any Global Note in immediately available funds to the Depositary or its nominee, as the case may be, as the registered Holder
of such Global Note. The Company shall pay principal of any Notes (other than Notes that are Global Notes) at the office or agency
designated by the Company for that purpose. The Company has initially designated the Trustee as its Paying Agent and Registrar
in respect of the Notes and its agency in New York, New York as a place where Notes may be presented for payment or for registration
of transfer. The Company may, however, change the Paying Agent or Registrar for the Notes without prior notice to the Holders thereof,
and the Company may act as Paying Agent or Registrar.

 

SECTION 2.02.Book-Entry Provisions
for Global Notes. The Notes initially shall be issued in the form of one or more Global Notes (i) registered in the name of
Cede & Co., as nominee of the Depositary, and (ii) delivered to the Trustee, as custodian for the Depositary. Members of, or
participants in, the Depositary (“Agent Members”) shall have no rights under this Supplemental Indenture or
the Original Indenture with respect to any Global Note held on their behalf by the Depositary, or the Trustee as its custodian,
or under the Global Note, and the

 

    12 

     

    

Depositary may be treated by the Company,
the Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Note for all purposes whatsoever. Notwithstanding
the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect
to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and
its Agent Members, the operation of customary practices governing the exercise of the rights of any Holder.

 

SECTION 2.03.CUSIP Numbers.
In issuing the Notes, the Company may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall
use “CUSIP” numbers in notices of redemption as a convenience to Holders of the Notes; provided that any such
notice may state that no representation is made as to the correctness of such numbers as printed on the Notes and that reliance
may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any
defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in the “CUSIP” numbers.

 

ARTICLE
3

REDEMPTION

 

SECTION 3.01.Optional Redemption.
The Company may redeem the Notes in accordance with the provisions set forth herein and in Article 3 of the Original Indenture,
in whole or in part, at any time

 

(a)  prior
to the Par Call Date at a redemption price equal to the greater of:

 

(i)  100%
of the principal amount of the Notes plus accrued and unpaid interest thereon to the date fixed for redemption, and

 

(ii)  the
sum of the remaining scheduled payments of principal of and interest on the Notes being redeemed (not including any portion of
the payments of interest accrued as of the date fixed for redemption) from the redemption date to the Par Call Date, discounted
to its present value as of the date fixed for redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Adjusted Treasury Rate, as determined by the Quotation Agent, plus 25 basis points, plus accrued and unpaid interest
on the principal amount being redeemed to the date fixed for redemption, or

 

(b)  on
or after the Par Call Date, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest
thereon to the date fixed for redemption.

 

SECTION 3.02.Selection and Notice
of Redemption. If the Company redeems less than all the Notes at any time, the Notes shall be selected to be redeemed as follows:

 

(a)  if
the Notes are listed on any national securities exchange, in compliance with the requirements of such national securities exchange;
or

 

(b)  if
the Notes are not so listed, on a pro rata basis (or, if the Notes are

 

    13 

     

    

Global Notes, by lot),

 

in each case, for the avoidance of doubt,
in accordance with applicable Depositary procedures.

 

The Company shall redeem Notes of $2,000 or
less in whole and not in part. The Company shall cause notices of redemption to be delivered at least 15 but not more than 60 days
before the date fixed for redemption to each Holder of Notes to be redeemed at its registered address.

 

SECTION 3.03.Mandatory Redemption
or Purchase. The Company shall not be obligated to redeem or purchase the Notes pursuant to any sinking fund or analogous provision,
or at the option of any Holder thereof, except as provided in Section 4.01 hereof.

 

ARTICLE
4

ADDITIONAL COVENANTS

 

SECTION 4.01.Offer to Purchase Upon
Change of Control Triggering Event.

 

(a)  Upon
the occurrence of a Change of Control Triggering Event, each Holder shall have the right to require the Company to repurchase such
Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof on the date of purchase plus accrued
and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date).

 

(b)  Within
30 days following the date upon which any Change of Control Triggering Event shall have occurred, the Company shall send a notice
to each Holder with a copy to the Trustee (the “Change of Control Offer”) or, at the Company’s option,
prior to any Change of Control but after the public announcement of the pending Change of Control, stating:

 

(i)  that
a Change of Control has occurred and that such Holder has the right to require the Company to purchase such Holder’s Notes
at a purchase price in cash equal to 101% of the principal amount thereof on the date of purchase, plus accrued and unpaid interest,
if any, to the date of purchase (subject to the right of Holders of record on the relevant Record Date to receive interest on the
relevant Interest Payment Date);

 

(ii)  the
purchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed); and

 

(iii)  the
instructions, as determined by the Company, consistent with the covenant described hereunder, that a Holder must follow in order
to have its Notes purchased.

 

(c)  The
Company shall not be required to make a Change of Control Offer following a Change of Control if a third party makes the Change
of Control Offer in the manner, at the times and otherwise in compliance with the requirements herein applicable to a Change of
Control Offer made by the Company and the third party purchases all Notes validly tendered and not withdrawn under such Change
of Control Offer.

 

    14 

     

    

(d)  A
Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control, if a definitive
agreement has been entered into with respect to such Change of Control at the time of making of the Change of Control Offer.

 

(e)  The
Company shall comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities
laws or regulations in connection with the repurchase of Notes as a result of a Change of Control. To the extent that the provisions
of any securities laws or regulations conflict with the Change of Control Offer provisions contained in this Article 4, the Company
shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under
the Change of Control Offer provisions contained in this Article 4 by virtue of its compliance with such securities laws or regulations.

 

SECTION 4.02.Restrictions on Consolidations,
Mergers and Sales of Assets. The Company will not consolidate with or merge with or into, or convey, transfer or lease, in
one transaction or a series of transactions, directly or indirectly, all or substantially all its assets to, any Person, unless
(i) the resulting, surviving or transferee Person (the “Successor Company”) shall be a Person organized and
existing under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Company
(if not the Company) shall expressly assume, by an indenture supplemental thereto, executed and delivered to the Trustee, in form
satisfactory to the Trustee, all the obligations of the Company under the Notes and the Indenture; (ii) immediately after giving
pro forma effect to such transaction, no Default shall have occurred and be continuing; and (iii) the Company shall have delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer
and such supplemental indenture (if any) comply with the Indenture.

 

For purposes of this Section 4.02, the sale,
lease, conveyance, assignment, transfer or other disposition of all or substantially all of the properties and assets of one or
more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute
all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer
of all or substantially all of the properties and assets of the Company.

 

The Successor Company will be the successor
to the Company and shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture,
and the predecessor Company, except in the case of a lease, shall be released from the obligation to pay the principal of and interest
on the Notes.

 

SECTION 4.03.SEC Reports. Notwithstanding
Section 4.6(d) of the Original Indenture, the Company shall deliver to the Trustee within 15 days after the same is required to
be filed with the SEC, copies of the quarterly and annual reports and of the information, documents and other reports, if any,
that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (giving effect to any grace
period provided by Rule 12b-25 under the Exchange Act), and the Company shall otherwise comply with the requirements of Trust Indenture
Act Section 314(a). Any quarterly or annual report or other information, document or other report that the Company files with the
SEC pursuant to Section

 

    15 

     

    

13 or 15(d) of the Exchange Act on the SEC’s
EDGAR system (or any successor thereto) or any other publicly available database maintained by the SEC shall be deemed to constitute
delivery of such filing to the Trustee.

 

Delivery of such reports, information and
documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive
notice of any information contained therein or determinable from information contained therein, including the Company’s compliance
with any of their covenants under the Indenture (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates).

 

SECTION 4.04.Compliance Certificates.
The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company an Officers’ Certificate
stating that in the course of the performance by the signers of their duties as Officers of the Company they would normally have
knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate
shall describe the Default, its status and what action the Company is taking or proposes to take with respect thereto.

 

ARTICLE
5

REMEDIES

 

SECTION 5.01.Events of Default.
In addition to the Events of Default specified in Sections 6.1(a) and 6.1(b) of the Original Indenture, with respect to the Notes
each of the following events shall be an “Event of Default” wherever used herein:

 

(a)  the
Company fails to comply with Section 4.02 hereof;

 

(b)  the
Company fails to comply with Section 4.3 and 4.4 of the Original Indenture, Section 4.01 hereof (other than a failure to purchase
Notes when required) and such failure continues for 30 days after the notice specified below;

 

(c)  the
Company fails to comply with Section 4.03 hereof or any of its other agreements contained in the Indenture (other than those referred
to in clause (a) or (b) above) and such failure continues for 60 days after the notice specified below;

 

(d)  an
involuntary case or other proceeding shall be commenced against the Company or a Significant Subsidiary of the Company with respect
to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect 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 Significant Subsidiary of the Company under the federal bankruptcy laws as now or hereafter in effect;
and

 

(e)  the
Company or a Significant Subsidiary of the Company (A) commences a voluntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any
such law, (B) consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator
or similar official of the Company or a Significant

 

    16 

     

    

Subsidiary of the Company or for all or substantially
all of the property and assets of the Company or a Significant Subsidiary of the Company or (C) effects any general assignment
for the benefit of creditors.

 

The foregoing will constitute Events of
Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation
of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body.

 

A Default under clauses (b) or (c) will
not constitute an Event of Default until the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes
notify the Company of the Default and the Company does not cure such Default within the time specified after receipt of such notice.
Such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.”

 

The Company shall deliver to the Trustee,
within 30 days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any event which with
the giving of notice or the lapse of time would become an Event of Default, its status and what action the Company is taking or
proposes to take with respect thereto.

 

The Trustee shall not be charged with knowledge
of any Default or Event of Default or knowledge of any cure of any Default or Event of Default unless an authorized officer of
the Trustee with direct responsibility for the administration of the Indenture has received written notice of such Default or Event
of Default.

 

SECTION 5.02.Acceleration. If
an Event of Default (other than an Event of Default specified in Section 5.01(d) or Section 5.01(e) hereof with respect to the
Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in principal amount of
the Notes by notice to the Company and the Trustee, may declare the principal of and accrued but unpaid interest on all the Notes
to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of
Default specified in Section 5.01(d) or Section 5.01(e) hereof with respect to the Company occurs, the principal of and interest
on all the Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the
part of the Trustee or any Holder. The Holders of a majority in principal amount of the Notes by notice to the Trustee may rescind
an acceleration and its consequences if the rescission would not conflict with any judgment or decree, if all amounts owed to the
Trustee in connection with such Event of Default have been paid and if all existing Events of Default have been cured or waived
except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect
any subsequent Default or impair any right consequent thereto.

 

SECTION 5.03.Remaining Provisions.
Other than as provided in Section 5.01 and Section 5.02 hereof, the provisions of Article 6 of the Original Indenture shall govern
with respect to Defaults and related remedies.

 

    17 

     

    

ARTICLE
6

SATISFACTION AND DISCHARGE

 

SECTION 6.01.Satisfaction and Discharge.
Other than as provided in Section 6.02 and Section 6.03 hereof, the provisions of Article 8 of the Original Indenture shall govern
satisfaction and discharge of the Indenture.

 

SECTION 6.02.Legal Defeasance.
Notwithstanding Section 8.2(D)(1) of the Original Indenture, the requirement under such Section shall be that the Company shall
have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published
by, the Internal Revenue Service a ruling, or (B) since the date of this Supplemental Indenture there has been a change in the
applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that,
the Holders will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be
subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such
defeasance had not occurred.

 

SECTION 6.03.Covenant Defeasance.
In addition to the certain covenants specified in Section 8.3 of the Original Indenture (being Sections 4.3 and 4.4 of the Original
Indenture), the Company may also omit to comply with any term, provision or condition set forth in Section 4.01 and Section 4.03
hereof and the operation of clauses (d) and (e) of Section 5.01 hereof with respect only to Significant Subsidiaries, and in each
case such omission shall not be deemed to be an Event of Default under clauses (b), (c), (d) or (e) of Section 5.01 hereof with
respect to the Notes if the conditions of Section 8.3 of the Original Indenture are complied with.

 

ARTICLE
7

SUPPLEMENTAL INDENTURES

 

SECTION 7.01.Amendments or Supplements
Without Consent of Holders. In addition to any permitted amendment or supplement to the Indenture pursuant to Section 9.1 of
the Original Indenture, the Company and the Trustee may amend or supplement the Indenture or the Notes without notice to or the
consent of any Holder of the Notes:

 

(a)  to
comply with Section 4.02 hereof;

 

(b)  to
add Guarantees with respect to the Notes or to secure the Notes;

 

(c)  to
add to the covenants of the Company for the benefit of the Holders or surrender any right or power conferred upon the Company;

 

(d)  to
provide for the issuance of Additional Notes in accordance with the limitations set forth in the Indenture as of the Issue Date;

 

(e)  to
conform the text of the Indenture or the Notes to the section entitled “Description of the Notes” as set forth in the
Prospectus Supplement, to the extent that such provision of the of the Indenture or the Notes was intended to be a verbatim recitation
of such provision of the “Description of the Notes;” or

 

    18 

     

    

(f)  to
make any amendment to the provisions of the Indenture relating to the transfer and legending of the Notes; provided, however,
that (a) compliance with the Indenture as so amended would not result in the Notes being transferred in violation of the Securities
Act or any other applicable securities law and (b) such amendment does not materially and adversely affect the rights of Holders
to transfer the Notes.

 

SECTION 7.02.Amendments, Supplements
or Waivers With Consent of Holders. Subject to Section 6.4, Section 6.7 and Section 9.2 of the Original Indenture and to the
second sentence of this Section 7.02, but notwithstanding any of the provisions of Section 9.2 of the Original Indenture to the
contrary, the Company and the Trustee may only amend the Indenture, with respect to the Notes, and the Notes with the written consent
of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained
in connection with a purchase of, or tender offer or exchange offer for, the Notes), and only the Holders of a majority in principal
amount of the Notes then outstanding by written notice to the Trustee may waive future compliance by the Company with any provision
of the Indenture, with respect to the Notes, or the Notes (including, without limitation, consents obtained in connection with
a purchase of, or tender offer or exchange offer for, the Notes). Notwithstanding the foregoing provision and in addition to the
provisions of the second paragraph of Section 9.2 of the Original Indenture, without the consent of each Holder of an outstanding
Note affected thereby, an amendment or waiver, including a waiver in relation to a past Event of Default, may not:

 

(a)  change
the provisions applicable to the redemption of any Note contained in Article 3 hereto or in the Notes; or

 

(b)  make
any change in, or release other than in accordance with the Indenture, any Guarantee that would adversely affect the Holders.

 

SECTION 7.03.Payment for Consent.
Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration,
whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any
of the terms or provisions of the Indenture or the Notes unless such consideration is offered to all Holders and is paid to all
Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent,
waiver or agreement.

 

ARTICLE
8

MISCELLANEOUS

 

SECTION 8.01.Governing Law and Jury
Trial Waiver. THIS SUPPLEMENTAL INDENTURE AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO
THIS SUPPLEMENTAL INDENTURE AND THE NOTES, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. The Holders and the parties hereto hereby waive their respective rights to trial by jury in any action or proceeding arising
out of or related to the Indenture, the Notes or the transactions contemplated hereby or thereby, to the extent permitted by law.

 

    19 

     

    

SECTION 8.02.Payments on Business
Days. If any Interest Payment Date or the Stated Maturity of the Notes or any earlier required repurchase date would fall on
a day that is not a Business Day, the required payment shall be made on the next succeeding Business Day and no interest on such
payment shall accrue in respect of the delay.

 

SECTION 8.03.No Security Interest
Created. Nothing in this Supplemental Indenture or in the Notes, expressed or implied, shall be construed to constitute a security
interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction.

 

SECTION 8.04.Trust Indenture Act.
This Supplemental Indenture is hereby made subject to, and shall be governed by, the provisions of the Trust Indenture Act required
to be part of and to govern indentures qualified under the Trust Indenture Act. If any provision hereof limits, qualifies or conflicts
with another provision hereof or the Original Indenture that is required to be included in an indenture qualified under the Trust
Indenture Act, such required provision shall control.

 

SECTION 8.05.Notices. The addresses
for notice in Section 10.2 of the Original Indenture shall be deemed to be as follows:

 

if to the Company:

 

Tyson Foods, Inc.

2200 West Don Tyson Parkway

Springdale, Arkansas 72762-6999

Attention: Chief Financial Officer

 

with a copy to:

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

		Attention:	Richard D. Truesdell, Jr.

Derek J. Dostal

 

if to the Trustee:

 

The Bank of New York Mellon Trust Company, N.A.

601 Travis Street, 16th Floor

Houston, Texas 77002

Attention: Corporate Trust Services, re: Tyson Foods, Inc.

 

The Company or the Trustee by notice to
the others may designate additional or different addresses for subsequent notices or communications.

 

The Trustee agrees to accept and act upon
instructions or directions pursuant to this Supplemental Indenture sent by unsecured e-mail, pdf, facsimile transmission or other
similar unsecured electronic methods; provided, however, that the Trustee shall have received an incumbency certificate
listing persons designated to give such instructions or directions and

 

    20 

     

    

containing specimen signatures of such designated
persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing.
If the Company elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and
the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall
be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the
Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent
with a subsequent written instruction. The Company agrees to assume all risks arising out of the use of such electronic methods
to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized
instructions, and the risk or interception and misuse by third parties.

 

SECTION 8.06.Benefits of Indenture.
Nothing in this Supplemental Indenture or in the Notes, expressed or implied, shall give to any Person, other than the parties
hereto, any Paying Agent, any authenticating agent, any Registrar and their successors hereunder or the Holders of the Notes, any
benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture.

 

SECTION 8.07.Successors. All
agreements of the Company in the Indenture and the Notes shall bind its successors. All agreements of the Trustee in the Indenture
shall bind its successors.

 

SECTION 8.08.Table of Contents, Headings,
Etc. The table of contents and the titles and headings of the Articles and Sections of this Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any
of the terms or provisions hereof.

 

SECTION 8.09.Execution in Counterparts.
This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same instrument.

 

SECTION 8.10.Severability. In
the event any provision of this Supplemental Indenture or in the Notes shall be invalid, illegal or unenforceable, then (to the
extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected
or impaired.

 

SECTION 8.11.The Trustee. The
Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental
Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company. In acting as Trustee
under this Supplemental Indenture and with respect to the Notes, the Trustee shall be entitled to, in addition to all rights, benefits,
protections, indemnities and immunities granted to it under the Original Indenture, the benefit of the following provisions:

 

(a)  The
permissive right of the Trustee to take any action under this Supplemental Indenture shall not be construed as a duty to so act.

 

(b)  In
no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but

 

    21 

     

    

not limited to, loss of profit) irrespective
of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action.

 

(c)  In
no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising
out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions,
loss or malfunctions of utilities, communications or computer (software and hardware) services (it being understood that the Trustee
shall use reasonable efforts which are consistent with accepted practices in the banking industry to avoid and mitigate the effects
of such occurrences and to resume performance as soon as practicable under the circumstances).

 

(d)  The
rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and
other Person employed to act hereunder.

 

SECTION 8.12.Foreign Account Tax
Compliance Act (FATCA). In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines
and interpretations promulgated by competent authorities) in effect from time to time (“Applicable Law”), the
Trustee shall be entitled to make any withholding or deduction from payments under the this Supplemental Indenture to the extent
necessary to comply with Applicable Law (and shall timely pay the amounts so withheld or deducted to the applicable governmental
authority) for which the Trustee shall not have any liability.  Each of the Company and
the Trustee agrees to reasonably cooperate and, at the reasonable request of the other, to provide the other with such information
as each may have in its possession that is necessary to enable the determination of whether any payments hereunder are subject
to FATCA Withholding Tax.

 

For purposes of this Section 8.12, “FATCA
Withholding Tax” shall mean any withholding or deduction required pursuant to an agreement described in Section 1471(b)
of the Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Code (or any regulations or agreements thereunder
or official interpretations thereof) or any intergovernmental agreement between the United States and another jurisdiction facilitating
the implementation thereof (or any law implementing such an intergovernmental agreement).

 

[Remainder of the page intentionally
left blank]

 

    22 

     

    

IN WITNESS WHEREOF, the parties hereto have
caused this Supplemental Indenture to be duly executed as of the day and year first above written.

 

	 	TYSON FOODS, INC.
	 	 
	 	By:	 /s/ Curt Calaway	 
	 	Name:  	Curt Calaway	 
	 	Title:  	Senior Vice President Finance & Treasurer	 

 

[Trustee Signature Follows]

 

 

 

 

[Signature Page to 2026 Supplemental
Indenture]

     

     

    

	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
	 	 
	 	By:	/s/ Karen Yu	 
	 	Name: 	Karen Yu	 
	 	Title: 	Vice President	 

 

 

 

 

[Signature Page to 2026 Supplemental
Indenture]

     

     

    

EXHIBIT A

 

[FORM OF FACE OF NOTE]

 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS EXCHANGEABLE FOR
NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN
LIMITED CIRCUMSTANCES.

 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION
OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

    A-1

     

    

TYSON FOODS, INC.

4.000% Senior Note due 2026

 

	No. [      ●      ]	Initially $[     ]

 

 

CUSIP No. 902494 BJ1

 

Tyson Foods, Inc., a Delaware corporation (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value
received, hereby promises to pay CEDE & CO., or registered assigns, [ ] Dollars ($[ ]) (or such lesser principal amount as
shall be specified in the “Schedule of Exchanges of Securities” attached hereto) on February 19, 2019, and to
pay interest thereon as set forth in the manner, at the rates and to the Persons set forth in the Indenture.

 

This Note shall bear interest at a rate of 4.000% per annum
from February 19, 2019 or from the most recent date to which interest had been paid or provided to, but excluding, the next scheduled
Interest Payment Date, until the principal hereof shall be repaid. Interest on this Note will be computed on the basis of a 360-day
year composed of twelve 30-day months. Interest is payable semi-annually in arrears on each March 1 and September 1, commencing
on September 1, 2019, to the Person in whose name this Note (or one or more predecessor securities) is registered at the close
of business on the Record Date for such interest.

 

The Company shall pay principal of and interest on this Note,
so long as such Note is a Global Note, in immediately available funds to the Depositary or its nominee, as the case may be, as
the registered Holder of such Note. The Company shall pay principal of any Notes (other than Notes that are Global Notes) at the
office or agency designated by the Company for that purpose. The Company has initially designated the Trustee as its Paying Agent
and Registrar in respect of the Notes and its agency in New York, New York as a place where Notes may be presented for payment
or for registration of transfer. The Company may, however, change the Paying Agent or Registrar for the Notes without prior notice
to the Holders thereof, and the Company may act as Paying Agent or Registrar.

 

Reference is hereby made to the further provisions of this Note
set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

 

In the case of any conflict between this Note and the Indenture,
the provisions of the Indenture shall control.

 

THIS NOTE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER
OR RELATED TO THIS NOTE, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

Unless the certificate of authentication hereon has been executed
by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose.

 

    A-2

     

    

IN WITNESS WHEREOF, TYSON FOODS, INC. has caused this instrument
to be signed manually or by facsimile by its duly authorized officers.

 

Dated: February 19, 2019

 

	 	TYSON FOODS, INC.
	 	 	 	 
	 	By:	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 	 	 	 
	 	 	 	 
	 	ATTEST:
	 	 	 	 
	 	By:	 	 
	 	Name:  	 	 
	 	Title:  	 	 

    A-3

     

    

CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series
designated herein referred to in the within-mentioned Indenture.

 

Dated: February 19, 2019

 

	 	THE BANK OF NEW YORK MELLON
	 	TRUST COMPANY, N.A., as Trustee
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	Name:  	 	 
	 	Title:  	 	 

    A-4

     

    

[FORM OF REVERSE OF NOTE]

 

TYSON FOODS, INC.

 

4.000% Senior Note due 2026

 

This Note is one of a duly authorized issue of Securities of
the Company (herein called the “Notes”), issued under an Indenture dated as of June 1, 1995 (herein called the
“Original Indenture”) by and between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor
to JPMorgan Chase Bank, N.A. (formerly The Chase Manhattan Bank, N.A.)), herein called the “Trustee”, as supplemented
by the Supplemental Indenture dated as of February 19, 2019 (herein called the “Supplemental Indenture” and
the Original Indenture, as supplemented by the Supplemental Indenture, the “Indenture”) by and between the Company
and the Trustee, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes
are, and are to be, authenticated and delivered. Additional Notes may be issued in an unlimited aggregate principal amount, subject
to certain conditions specified in the Indenture.

 

The Company may redeem the Notes in whole or in part, at any
time (a) prior to January 1, 2026 at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes plus
accrued and unpaid interest thereon to the date fixed for redemption, or (ii) the sum of the remaining scheduled payments of principal
of and interest on the Notes being redeemed (not including any portion of the payments of interest accrued as of the date fixed
for redemption), discounted to its present value as of the date fixed for redemption on a semi-annual basis (assuming a 360-day
year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined in the Supplemental Indenture), as determined
by the Quotation Agent (as defined in the Supplemental Indenture), plus 25 basis points, plus accrued and unpaid interest on the
principal amount being redeemed to the date fixed for redemption, or (b) on or after January 1, 2026, at a redemption price equal
to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to the date fixed for redemption.

 

If a Change of Control Triggering Event (as defined in the Supplemental
Indenture) occurs, unless the Company has exercised its right to redeem the Securities, Holders of the Securities will have the
right to require the Company to repurchase all or a portion of their Securities pursuant to the offer described in the Supplemental
Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date
of repurchase, subject to the rights of Holders of Securities on the relevant Interest Record Date to receive interest due on the
relevant Interest Payment Date.

 

Subject to certain conditions, the Company at any time shall
be entitled to terminate certain of its obligations under the Notes and the Indenture if the Company deposits with the Trustee
money or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case
may be.

 

Subject to certain exceptions set forth in the Indenture, (a)
the Indenture and the Securities may be amended with the written consent of the Holders of at least a majority in principal amount

 

    A-5

     

    

outstanding of the Notes and (b) any default or noncompliance
with any provision may be waived with the written consent of the Holders of a majority in principal amount outstanding of the Notes.
Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Company and the Trustee shall
be entitled to amend the Indenture or the Notes to: cure any ambiguity, omission, defect or inconsistency; comply with Section
4.02 of the Supplemental Indenture; add guarantees with respect to the Notes or secure the Notes; add additional covenants or surrender
rights and powers conferred on the Company; comply with any requirement of the SEC in connection with qualifying the Indenture
under the Act; make any change that does not adversely affect the rights of any Holder; provide for the issuance of Additional
Notes; evidence and provide for the acceptance and appointment under the Indenture of a successor Trustee; conform the text of
the Indenture or the Notes to any provision under the heading “Description of the Notes” in the Prospectus Supplement;
or make amendments to provisions of the Indenture relating to the transfer and legending of the Notes.

 

Under the Indenture, Events of Default include (a) default for
30 days in payment of interest on the Notes; (b) default in payment of principal on the Notes at maturity, upon optional redemption
of the Notes, upon acceleration or otherwise, or failure by the Company to redeem or purchase Notes when required; (c) failure
by the Company to comply with other agreements in the Indenture or the Notes, in certain cases subject to notice and lapse of time;
and (d) certain events of bankruptcy or insolvency with respect to the Company and the Significant Subsidiaries. If an Event of
Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Notes may declare all the
Notes to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of Default which will result in
the Notes being due and payable immediately upon the occurrence of such Events of Default.

 

Holders may not enforce the Indenture or the Notes except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it receives indemnity or security
satisfactory to it. Subject to certain limitations, Holders of a majority in principal amount of the Notes may direct the Trustee
in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default (except a Default
in payment of principal, premium, if any, or interest) if it determines in good faith that withholding notice is not opposed to
the interests of the Holders.

 

No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal
of and any premium and interest on this Note at the time, place and rate, and in the coin and currency, herein prescribed.

 

As provided in the Indenture and subject to certain limitations
therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration
of transfer at the office or agency of the Company in any place where the principal of and interest on this Note are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed
by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or
transferees.

 

    A-6

     

    

The Notes are issuable only in registered form without coupons
in denominations of $2,000 and in integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain
limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the same.

 

No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable
in connection therewith.

 

Prior to due presentment of this Note for registration of transfer,
the Company, the Trustee and any agent of the Company or Trustee may treat the Person in whose name the Note is registered as the
owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary.

 

All defined terms used in this Note that are defined in the
Indenture shall have the meanings assigned to them in the Indenture.

 

    A-7

     

    

ABBREVIATIONS

 

The following abbreviations, when used in the inscription of
the face of this Note, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	TEN-COM—as tenants in common	UNIF GIFT MIN ACT	Custodian
	 	 	 
	 	(Cust)	 
	 	 	 
	TEN ENT—as tenants by the entireties	 	 
	 	 	 
	 	(Minor)	 
	 	 	 
	JT TEN—as joint tenants with right of survivorship and not as tenants in common	Uniform Gifts to Minors act	(State)
	 	 	 
	 	Additional abbreviations may also be used though not in the above list	 

    A-8

     

    

SCHEDULE A

 

SCHEDULES OF EXCHANGES OF SECURITIES

 

TYSON FOODS, INC.

 

4.000% Senior Notes due 2026

 

The initial principal amount of this Registered Global Security
is ($       ).
The following, exchanges, purchases or conversions of a part of this Registered Global Security have been made:

 

	
        Date
of Exchange
	
        Amount
of decrease in principal amount of this Registered Global Security
	
        Amount
of increase in principal amount of this Registered Global Security
	
        Principal
amount of this Registered Global Security following such decrease or increase
	
        Signature
of authorized signatory of Trustee or CustodianExhibit 4.4

 

 

 

 

 

 

 

TYSON
FOODS, INC.,

 

as Issuer,

 

AND

 

THE BANK
OF NEW YORK MELLON TRUST COMPANY, N.A.

 

(as successor
to JPMorgan Chase Bank, N.A. (formerly The Chase Manhattan Bank, N.A.))

 

as Trustee

 

 

Supplemental
Indenture

 

Dated as
of February 19, 2019

 

Supplemental
to Indenture

 

Dated as
of June 1, 1995

 

 

4.350% Senior
Notes due 2029

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

     

    

 

TABLE OF CONTENTS

 

Page

 

	ARTICLE 1   DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	2
	SECTION 1.01.   Scope of Supplemental Indenture	2
	SECTION 1.02.   Definitions	2
	ARTICLE 2   THE SECURITIES	12
	SECTION 2.01.   Title and Terms; Payments	12
	SECTION 2.02.   Book-Entry Provisions for Global Notes	12
	SECTION 2.03.   CUSIP Numbers	13
	ARTICLE 3   REDEMPTION	13
	SECTION 3.01.   Optional Redemption	13
	SECTION 3.02.   Selection and Notice of Redemption	13
	SECTION 3.03.   Mandatory Redemption or Purchase	14
	ARTICLE 4   ADDITIONAL COVENANTS	14
	SECTION 4.01.   Offer to Purchase Upon Change of Control Triggering Event	14
	SECTION 4.02.   Restrictions on Consolidations, Mergers and Sales of Assets	15
	SECTION 4.03.   SEC Reports	15
	SECTION 4.04.   Compliance Certificates	16
	ARTICLE 5   REMEDIES	16
	SECTION 5.01.   Events of Default	16
	SECTION 5.02.   Acceleration	17
	SECTION 5.03.   Remaining Provisions	17
	ARTICLE 6   SATISFACTION AND DISCHARGE	18
	SECTION 6.01.   Satisfaction and Discharge	18
	SECTION 6.02.   Legal Defeasance	18
	SECTION 6.03.   Covenant Defeasance	18
	ARTICLE 7   SUPPLEMENTAL INDENTURES	18
	SECTION 7.01.   Amendments or Supplements Without Consent of Holders	18
	SECTION 7.02.   Amendments, Supplements or Waivers With Consent of Holders	19
	SECTION 7.03.   Payment for Consent	19
	ARTICLE 8   MISCELLANEOUS	19

 

    i

     

    

 

	SECTION 8.01.   Governing Law and Jury Trial Waiver	19
	SECTION 8.02.   Payments on Business Days	20
	SECTION 8.03.   No Security Interest Created	20
	SECTION 8.04.   Trust Indenture Act	20
	SECTION 8.05.   Notices	20
	SECTION 8.06.   Benefits of Indenture	21
	SECTION 8.07.   Successors	21
	SECTION 8.08.   Table of Contents, Headings, Etc.	21
	SECTION 8.09.   Execution in Counterparts	21
	SECTION 8.10.   Severability	21
	SECTION 8.11.   The Trustee	21
	SECTION 8.12.   Foreign Account Tax Compliance Act (FATCA)	22

 

EXHIBITS

 

	Exhibit A-Form of Note	A-1

 

    ii

     

    

 

SUPPLEMENTAL INDENTURE, dated as of February
19, 2019, between Tyson Foods, Inc., a Delaware corporation (the “Company”) and The Bank of New York Mellon
Trust Company, N.A. (as successor to JPMorgan Chase Bank, N.A. (formerly The Chase Manhattan Bank, N.A.)), as trustee (the “Trustee”)
under the indenture dated as of June 1, 1995, between the Company and the Trustee (as amended or supplemented from time to time
in accordance with the terms thereof, the “Original Indenture”).

 

RECITALS OF THE COMPANY

 

WHEREAS, the Company executed and delivered
the Original Indenture to the Trustee to provide, among other things, for the future issuance of the Company’s unsecured
Securities from time to time in one or more series as might be determined by the Company under the Original Indenture, in an unlimited
aggregate principal amount which may be authenticated and delivered as provided in the Original Indenture;

 

WHEREAS, Section 9.1 of the Original Indenture
provides for various matters with respect to any series of Securities issued under the Original Indenture to be established in
an indenture supplemental to the Original Indenture;

 

WHEREAS, Section 9.1(5) of the Original
Indenture provides for the Company and the Trustee to enter into an indenture supplemental to the Original Indenture to establish
the form or forms or terms of Securities of any series or of the coupons appertaining to such series as permitted by Section 2.3
of the Original Indenture;

 

WHEREAS, the Board of Directors has duly
adopted resolutions authorizing the Company to execute and deliver this Supplemental Indenture;

 

WHEREAS, pursuant to the terms of the Original
Indenture, the Company desires to provide for the establishment of a new series of its Securities to be known as its “4.350%
Senior Notes due 2029” (the “Notes”), the form and substance of such Notes and the terms, provisions and
conditions thereof to be set forth as provided in the Original Indenture and this Supplemental Indenture;

 

WHEREAS, the Form of Note is to be substantially
in the form hereinafter provided for; and

 

WHEREAS, the Company has requested that
the Trustee execute and deliver this Supplemental Indenture, and that all requirements necessary to make (i) this Supplemental
Indenture a valid instrument in accordance with its terms and (ii) the Notes, when executed by the Company and authenticated and
delivered by the Trustee, the valid obligations of the Company have been performed, and the execution and delivery of this Supplemental
Indenture have been duly authorized in all respects.

 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE
WITNESSETH, for and in consideration of the premises and the purchases of the Notes by the Holders thereof, it is mutually agreed,
for the benefit of the parties hereto and the equal and proportionate benefit of all Holders of the Notes, as follows:

 

    

     

    

 

ARTICLE
1

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

 

SECTION 1.01.Scope of Supplemental
Indenture. The changes, modifications and supplements to the Original Indenture effected by this Supplemental Indenture shall
be applicable only with respect to, and shall only govern the terms of, the Notes, which may be issued from time to time, and shall
not apply to any other Securities that may be issued under the Original Indenture unless a supplemental indenture with respect
to such other Securities specifically incorporates such changes, modifications and supplements. The provisions of this Supplemental
Indenture shall supersede any corresponding provisions in the Original Indenture.

 

SECTION 1.02.Definitions. For
all purposes of the Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 

(i)  the
terms defined in this Article 1 shall have the meanings assigned to them in this Article and include the plural as well as the
singular;

 

(ii)  all
words, terms and phrases defined in the Original Indenture (but not otherwise defined herein) shall have the same meaning herein
as in the Original Indenture;

 

(iii)  all
other terms used herein that are defined in the Trust Indenture Act, either directly or by reference therein, shall have the meanings
assigned to them therein;

 

(iv)  all
accounting terms not otherwise defined herein shall have the meanings assigned to them in accordance with GAAP; and

 

(v)  the
words “herein,” “hereof” and “hereunder” and other words of similar import
refer to this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision.

 

“Additional Notes” has
the meaning specified in Section 2.01 hereof.

 

“Adjusted Treasury Rate”
means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage amount) equal to the Comparable Treasury
Price for such redemption date.

 

“Affiliate” of any specified
Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control
with such specified Person. For the purposes of this definition, “control”, when used with respect to any Person,
means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of
voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

“Agent Members” has the
meaning specified in Section 2.02 hereof.

 

“Attributable Debt” means,
as to any particular lease under which any Person is at the time liable, other than a capital lease, and at any date as of which
the amount of such lease is to

 

    2

     

    

 

be
determined, the total net amount of rent required to be paid by such Person under such lease during the initial term of such lease
as determined in accordance with GAAP, discounted from the last date of such initial term to the date of determination at a rate
per annum equal to the discount rate which would be applicable to a capital lease with like term in accordance with GAAP. The
net amount of rent required to be paid under any such lease for any such period shall be the aggregate amount of rent payable
by the lessee with respect to such period after excluding amounts required to be paid on account of insurance, taxes, assessments,
utility, operating and labor costs and similar charges. In the case of any lease which is terminable by the lessee upon the payment
of a penalty, such net amount shall also include the amount of such penalty, but no rent shall be considered as required to be
paid under such lease subsequent to the first date upon which it may be so terminated. “Attributable Debt”
means, as to a capital lease under which any Person is at the time liable and at any date as of which the amount of such lease
is to be determined, the capitalized amount of such lease that would appear on the face of a balance sheet of such Person in accordance
with GAAP.

 

“Board of Directors”
means the Board of Directors of the Company or any committee thereof duly authorized to act on behalf of such Board.

 

“Business Day” means
any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized
or required by law or regulation to close in the City of New York.

 

“Capital Lease Obligation”
means an obligation that is required to be classified and accounted for as a capital lease for financial reporting purposes in
accordance with GAAP, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation
determined in accordance with GAAP; and the Stated Maturity thereof shall be the date of the last payment of rent or any other
amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a
penalty.

 

“Capital Stock” of any
Person means any and all shares, interests (including partnership interests), rights to purchase, warrants, options, participations
or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding
any debt securities convertible into such equity.

 

“Change of Control” means
the occurrence of any of the following:

 

(1)  the
Permitted Holders cease to be the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act),
directly or indirectly, of a majority in the aggregate of the total voting power of the Voting Stock of the Company, whether as
a result of issuance of securities of the Company, any merger, consolidation, liquidation or dissolution of the Company, or any
direct or indirect transfer of securities of the Company by the Permitted Holders or otherwise (for purposes of this clause (1)
and clause (2) below, the Permitted Holders shall be deemed to beneficially own any Voting Stock of a Person (the “specified
person”) held by any other Person (the “parent entity”) so long as the Permitted Holders beneficially own (as
so defined), directly or indirectly, in the aggregate a majority of the voting power of the Voting Stock of the parent entity);

 

    3

     

    

 

(2)  the
consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person”
(as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, becomes the “beneficial
owner” (as defined in clause (1) above), directly or indirectly, of more than 50% of the total voting power of the Voting
Stock of the Company;

 

(3)  the
direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one
or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole
to any Person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act)) other than to
the Company or one of its Subsidiaries;

 

(4)  the
Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Company,
in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is
converted into or exchanged for cash, securities or other property; or

 

(5)  the
adoption of a plan relating to the liquidation or dissolution of the Company.

 

Notwithstanding the foregoing, a transaction
will not be considered to be a Change of Control if (i) the survivor or transferee is a Person that is controlled by the Permitted
Holders or (ii) a transaction following which (A) in the case of a merger or consolidation transaction, holders of securities that
represented 100% of the Voting Stock of the Company immediately prior to such transaction (or other securities into which such
securities are converted as part of such merger or consolidation transaction) own directly or indirectly at least a majority of
the voting power of the Voting Stock of the surviving Person in such merger or consolidation transaction immediately after such
transaction and (B) in the case of a sale of assets transaction, each transferee becomes an obligor in respect of the Notes and
a Subsidiary of the transferor of such assets.

 

“Change of Control Offer”
has the meaning specified in Section 4.01(b) hereof.

 

“Change of Control Triggering Event”
means the occurrence of both a Change of Control and a Rating Event. Notwithstanding the foregoing, no Change of Control Triggering
Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control
has actually been consummated.

 

“Code” means the Internal
Revenue Code of 1986, as amended.

 

“Commodity Price Protection Agreement”
means, with respect to any Person, any forward contract, commodity swap, commodity option or other similar agreement or arrangement
entered into with respect to fluctuations in commodity prices.

 

“Comparable Treasury Issue”
means the United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable
to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities

 

    4

     

    

 

of
comparable maturity to the remaining term of such Notes (assuming for this purpose, the Notes mature on the Par Call Date).

 

“Comparable Treasury Price”
means, with respect to any redemption date, (i) the average of the Reference Treasury Quotations for such redemption date, after
excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Company obtains fewer than three such
Reference Treasury Dealer Quotations, the average of all such Quotations.

 

“Credit Agreement” means
the Amended and Restated Credit Agreement, dated as of March 14, 2018, by and among the Company, the subsidiary borrowers party
thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, together with the related documents
thereto (including any guarantees and security documents), as amended, extended, renewed, restated, supplemented or otherwise modified
(in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time,
and any agreement (and related document) governing Indebtedness incurred to Refinance, in whole or in part, the borrowings and
commitments then outstanding or permitted to be outstanding thereunder or under successor Credit Agreements, whether by the same
or any other lender or group of lenders.

 

“Currency Agreement”
means any foreign exchange contract, currency swap agreement or other similar agreement with respect to currency values.

 

“Default” means any event
which is, or after notice or passage of time or both would be, an Event of Default.

 

“Depositary” means The
Depository Trust Company until a successor Depositary shall have become such pursuant to the applicable provisions of the Indenture,
and thereafter “Depositary” shall mean such successor Depositary.

 

“Disqualified Stock”
means, with respect to any Person, any Capital Stock which by its terms (or by the terms of any security into which it is convertible
or for which it is exchangeable at the option of the holder) or upon the happening of any event:

 

(1)  matures
or is mandatorily redeemable (other than redeemable only for Capital Stock of such Person which is not itself Disqualified Stock)
pursuant to a sinking fund obligation or otherwise;

 

(2)  is
convertible or exchangeable at the option of the holder for Indebtedness or Disqualified Stock; or

 

(3)  is
mandatorily redeemable or must be purchased upon the occurrence of certain events or otherwise, in whole or in part;

 

in each case on or prior to the first anniversary of the Stated
Maturity of the Notes; provided, however, that any Capital Stock that would not constitute Disqualified Stock
but for provisions thereof giving holders thereof the right to require such Person to purchase or redeem such Capital Stock upon
the occurrence of an “asset sale” or “change of control” occurring prior to the first anniversary of the
Stated Maturity of the Notes shall not constitute Disqualified Stock if:

 

    5

     

    

 

(4)  the
“asset sale” or “change of control” provisions applicable to such Capital Stock are not more favorable
to the holders of such Capital Stock than the terms applicable to the Notes and set forth in Section 4.01 hereof; and

 

(5)  any
such requirement only becomes operative after compliance with such terms applicable to the Notes, including the purchase of any
Notes tendered pursuant thereto.

 

The amount of any Disqualified Stock that does not have a fixed
redemption, repayment or repurchase price will be calculated in accordance with the terms of such Disqualified Stock as if such
Disqualified Stock were redeemed, repaid or repurchased on any date on which the amount of such Disqualified Stock is to be determined
pursuant to the Indenture; provided, however, that if such Disqualified Stock could not be required to be
redeemed, repaid or repurchased at the time of such determination, the redemption, repayment or repurchase price will be the book
value of such Disqualified Stock as reflected in the most recent financial statements of such Person.

 

“Exchange Act” means
the U.S. Securities Exchange Act of 1934, as amended.

 

“Event of Default” has
the meaning specified in Section 5.01 hereof.

 

“Fair Market Value” means,
with respect to any asset or property, the price which could be negotiated in an arm’s length, free market transaction, for
cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete
the transaction. Fair Market Value will be determined in good faith by the Board of Directors, whose determination will be conclusive
and evidenced by a resolution of such Board of Directors.

 

“Fitch” means Fitch Ratings
Inc. and its successors.

 

“GAAP” means generally
accepted accounting principles in the United States of America as in effect as of the Issue Date, including those set forth in:

 

(1)  the
opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants;

 

(2)  statements
and pronouncements of the Financial Accounting Standards Board;

 

(3)  such
other statements by such other entity as approved by a significant segment of the accounting profession; and

 

(4)  the
rules and regulations of the SEC governing the inclusion of financial statements (including pro forma financial statements) in
periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff
accounting bulletins and similar written statements from the accounting staff of the SEC.

 

“Global Note” means any
Note that is a Registered Global Security.

 

    6

     

    

 

“Guarantee” means any
obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person and
any obligation, direct or indirect, contingent or otherwise, of such other Person:

 

(1)  to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising
by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take-or-pay
or to maintain financial statement conditions or otherwise); or

 

(2)  entered
into for the purpose of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such
obligee against loss in respect thereof (in whole or in part);

 

provided, however, that the term “Guarantee”
shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee” used
as a verb has a corresponding meaning.

 

“Hedging Obligations”
of any Person means the obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodity Price
Protection Agreement.

 

“Holder” means the Person
in whose name a Note is registered on the Registrar’s books.

 

“Indebtedness” means,
with respect to any Person on any date of determination (without duplication):

 

(1)  the
principal in respect of (A) indebtedness of such Person for money borrowed and (B) indebtedness evidenced by notes, debentures,
bonds or other similar instruments for the payment of which such Person is responsible or liable, including, in each case, any
premium on such indebtedness to the extent such premium has become due and payable;

 

(2)  all
Capital Lease Obligations of such Person and all Attributable Debt in respect of all sale and lease-back transactions entered into
by such Person;

 

(3)  all
obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale obligations of such
Person and all obligations of such Person under any title retention agreement (but excluding any trade accounts payable or other
liability to trade creditors arising in the ordinary course of business);

 

(4)  all
obligations of such Person for the reimbursement of any obligor on any letter of credit, bankers’ acceptance or similar credit
transaction (other than obligations with respect to letters of credit securing obligations (other than obligations of other Persons
described in clauses (1) through (3) above) entered into in the ordinary course of business of such Person to the extent such letters
of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the tenth Business Day
following payment on the letter of credit);

 

(5)  the
amount of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock
of such Person or, with respect to any Preferred Stock of any Subsidiary of such Person that is not 100% owned by such Person,
the

 

    7

     

    

 

principal
amount of such Preferred Stock to be determined in accordance with the Indenture (but excluding, in each case, any accrued dividends);

 

(6)  all
obligations of the type referred to in clauses (1) through (5) of other Persons and all dividends of other Persons for the payment
of which, in either case, such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including
by means of any Guarantee, other than endorsements of negotiable instruments for collection in the ordinary course of business;

 

(7)  all
obligations of the type referred to in clauses (1) through (6) of other Persons secured by any Lien on any property or asset of
such Person (whether or not such obligation is assumed by such Person), the amount of such obligation being deemed to be the lesser
of the Fair Market Value of such property or assets and the amount of the obligation so secured; and

 

(8)  to
the extent not otherwise included in this definition, the net obligations pursuant to any Hedging Obligations of such Person.

 

Notwithstanding the foregoing, in connection with the purchase
by the Company or any Subsidiary of any business, the term “Indebtedness” will exclude post-closing payment adjustments
to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment
depends on the performance of such business after the closing; provided, however, that, at the time of closing,
the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the
amount is paid within 60 days thereafter.

 

The amount of Indebtedness of any Person
at any date shall be the outstanding balance at such date of all unconditional obligations as described above; provided,
however, that, in the case of Indebtedness sold at a discount, the amount of such Indebtedness at any time shall be the
accreted value thereof at such time. Except as otherwise expressly provided herein, the term “Indebtedness” shall not
include cash interest thereon.

 

“Indenture” means the
Original Indenture, as supplemented by this Supplemental Indenture as originally executed or as it may from time to time be supplemented
or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including,
for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed
to be a part of and govern this Supplemental Indenture and any such supplemental indenture, respectively.

 

“Initial Notes” has the
meaning specified in Section 2.01 hereof.

 

“Interest Payment Date”
means, with respect to the payment of interest on the Notes, each March 1 and September 1 of each year.

 

“Interest Rate Agreement”
means any interest rate swap agreement, interest rate cap agreement or other financial agreement or arrangement with respect to
exposure to interest rates.

 

“Investment Grade” means
a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s), a rating
of BBB- or better by S&P (or its

 

    8

     

    

 

equivalent
under any successor rating categories of S&P) and a rating of BBB- or better by Fitch (or its equivalent under any successor
rating categories of Fitch) and the equivalent investment grade credit rating from any replacement rating agency or rating agencies
selected by the Company under the circumstances permitting it to select a replacement rating agency and in the manner for selecting
a replacement rating agency, in each case as set forth in the definition of “Rating Agencies.”

 

“Issue Date” means February
19, 2019.

 

“Lien” means any mortgage,
pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement
or lease in the nature thereof).

 

“Moody’s” means
Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors.

 

“Note” or “Notes”
has the meaning specified in the fifth paragraph of the recitals of this Supplemental Indenture, and shall include any Additional
Notes issued pursuant to Section 2.01 hereof.

 

“Officer” means the Chief
Executive Officer, the Chief Financial Officer, the President, any Vice President, the Treasurer, the Assistant Treasurer, the
Secretary or any Assistant Secretary of the Company.

 

“Officers’ Certificate”
means a certificate signed by two Officers.

 

“Opinion of Counsel”
means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the
Company.

 

“Original Indenture”
has the meaning specified in the first paragraph of this Supplemental Indenture.

 

“Par Call Date” means
on or after December 1, 2028.

 

“Paying Agent” means
any Person (including the Company) authorized by the Company to pay the principal amount of or interest on any Notes on behalf
of the Company. The Paying Agent shall initially be the Trustee.

 

“Permitted Holders” means
(1) the Tyson Limited Partnership (or any successor entity), (2) “members of the same family” of Mr. Don Tyson as defined
in Section 447(e) of the Code and (3) any entity (including, but not limited to, any partnership, corporation, trust or limited
liability company) in which one or more individuals described in clauses (1) and (2) hereof possess over 50% of the voting power
or beneficial interests.

 

“Person” means any individual,
corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization,
government or any agency or political subdivision thereof or any other entity.

 

    9

     

    

 

“Preferred Stock”, as
applied to the Capital Stock of any Person, means Capital Stock of any class or classes (however designated) which is preferred
as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation
or dissolution of such Person, over shares of Capital Stock of any other class of such Person.

 

“principal” of a Note
means the principal of the Note plus the premium, if any, payable on the Note which is due or overdue or is to become due at the
relevant time.

 

“Prospectus Supplement”
means the final prospectus supplement related to the offering and sale of the Notes dated February 13, 2019and filed by the Company
with the SEC on February 14, 2019.

 

“Quotation Agent” means
the Reference Treasury Dealer appointed by the Company.

 

“Rating Agencies” means
(i) each of Moody’s, S&P and Fitch; and (ii) if any of Moody’s, S&P or Fitch ceases to rate the Notes or fails
to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized
statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act that is selected by the Company
(as certified by a resolution of the Board of Directors) as a replacement agency for Moody’s, S&P or Fitch, or each of
them, as the case may be.

 

“Rating Event” means,
with respect to the Notes, (i) the rating of such Notes is lowered by two of the three Rating Agencies on any day during the period
(the “Trigger Period”) commencing on the earlier of (a) the occurrence of a Change of Control and (b) the first
public notice of the Company’s intention to effect a Change of Control, and ending 60 days following consummation of such
Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration
for possible downgrade by any of the Rating Agencies), and (ii) such Notes are rated below Investment Grade by two of the three
Rating Agencies on any day during the Trigger Period; provided that a Rating Event will not be deemed to have occurred in
respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change
of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform
the Trustee in writing at the Company’s request that the reduction was the result, in whole or in part, of any event or circumstance
comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control
has occurred at the time of the Rating Event). If a Rating Agency is not providing a rating for the Notes at the commencement of
such period, the Notes will be deemed to have ceased to be rated as Investment Grade by such Rating Agency during such period.

 

“Record Date” means,
with respect to the payment of interest on the Notes, the 14th calendar day immediately preceding an Interest Payment Date (whether
or not a Business Day).

 

“Reference Treasury Dealer”
means any of Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and RBC
Capital Markets, LLC, their affiliates and their respective successors. However, if any of the foregoing shall cease to be a primary
U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute
therefor another Primary Treasury Dealer.

 

    10

     

    

 

“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted
in writing to the Company by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding
such redemption date.

 

“Refinance” means, in
respect of any Indebtedness, to refinance, extend, renew, refund, repay, prepay, purchase, redeem, defease or retire, or to issue
other Indebtedness in exchange or replacement for, such Indebtedness. “Refinanced” and “Refinancing” shall
have correlative meanings.

 

“S&P” means S&P
Global Ratings, a division of S&P Global Inc., and its successors.

 

“SEC” means the U.S.
Securities and Exchange Commission.

 

“Securities Act” means
the U.S. Securities Act of 1933, as amended.

 

“Significant Subsidiary”
means any Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02
under Regulation S-X promulgated by the SEC.

 

“Stated Maturity” means,
with respect to any security, the date specified in such security as the fixed date on which the final payment of principal of
such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing
for the repurchase of such security at the option of the holder thereof upon the happening of any contingency unless such contingency
has occurred).

 

“Subsidiary” means, with
respect to any Person, any corporation, association, partnership, limited liability company or other business entity of which more
than 50% of the total voting power of shares of Voting Stock is at the time owned or controlled, directly or indirectly, by:

 

(1)  such
Person;

 

(2)  such
Person and one or more Subsidiaries of such Person; or

 

(3)  one
or more Subsidiaries of such Person.

 

“Trust Indenture Act”
means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb), as in effect on the Issue Date.

 

“U.S.” means the United
States of America.

 

“U.S. Government Obligations”
means direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America
(including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America
is pledged and which are not callable at the issuer’s option.

 

    11

     

    

 

“Voting Stock” of a Person
means all classes of Capital Stock of such Person then outstanding and normally entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof.

 

ARTICLE
2

THE SECURITIES

 

SECTION 2.01.Title and Terms; Payments.
There is hereby authorized a series of Securities designated the “4.350% Senior Notes due 2029” initially limited in
aggregate principal amount to $1,000,000,000, which amount shall be as set forth in any written order of the Company for the authentication
and delivery of Notes pursuant to Section 2.2 of the Original Indenture.

 

The principal amount of Notes then outstanding
shall be payable at Stated Maturity.

 

The Company may, without the consent of
the Holders of the Notes, hereafter issue additional Notes (“Additional Notes”) under the Indenture with the
same terms and with the same CUSIP numbers as the Notes issued on the date of this Supplemental Indenture (the “Initial
Notes”) in an unlimited aggregate principal amount; provided that if the Additional Notes are not fungible with
the Initial Notes for U.S. federal income tax purposes, such Additional Notes will have a separate CUSIP number. Any such Additional
Notes shall constitute a single series together with the Initial Notes for all purposes hereunder, including, without limitation,
waivers, amendments and offers to purchase.

 

The Form of Note shall be substantially
as set forth in Exhibit A hereto, which is incorporated into and shall be deemed a part of this Supplemental Indenture, with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture, and may have
such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply
with the rules of any securities exchange or as may, consistently herewith, be determined by the officers of the Company executing
such Notes, as evidenced by their execution of the Notes.

 

The Company shall pay principal of and interest
on any Global Note in immediately available funds to the Depositary or its nominee, as the case may be, as the registered Holder
of such Global Note. The Company shall pay principal of any Notes (other than Notes that are Global Notes) at the office or agency
designated by the Company for that purpose. The Company has initially designated the Trustee as its Paying Agent and Registrar
in respect of the Notes and its agency in New York, New York as a place where Notes may be presented for payment or for registration
of transfer. The Company may, however, change the Paying Agent or Registrar for the Notes without prior notice to the Holders thereof,
and the Company may act as Paying Agent or Registrar.

 

SECTION 2.02.Book-Entry Provisions
for Global Notes. The Notes initially shall be issued in the form of one or more Global Notes (i) registered in the name of
Cede & Co., as nominee of the Depositary, and (ii) delivered to the Trustee, as custodian for the Depositary. Members of, or
participants in, the Depositary (“Agent Members”) shall have no rights under this Supplemental Indenture or
the Original Indenture with respect to any Global Note held on

 

    12

     

    

 

their
behalf by the Depositary, or the Trustee as its custodian, or under the Global Note, and the Depositary may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Note for all purposes whatsoever.
Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee
from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between
the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of any Holder.

 

SECTION 2.03.CUSIP Numbers.
In issuing the Notes, the Company may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall
use “CUSIP” numbers in notices of redemption as a convenience to Holders of the Notes; provided that any such
notice may state that no representation is made as to the correctness of such numbers as printed on the Notes and that reliance
may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any
defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in the “CUSIP” numbers.

 

ARTICLE
3

REDEMPTION

 

SECTION 3.01.Optional Redemption.
The Company may redeem the Notes in accordance with the provisions set forth herein and in Article 3 of the Original Indenture,
in whole or in part, at any time

 

(a)  prior
to the Par Call Date at a redemption price equal to the greater of:

 

(i)  100%
of the principal amount of the Notes plus accrued and unpaid interest thereon to the date fixed for redemption, and

 

(ii)  the
sum of the remaining scheduled payments of principal of and interest on the Notes being redeemed (not including any portion of
the payments of interest accrued as of the date fixed for redemption) from the redemption date to the Par Call Date, discounted
to its present value as of the date fixed for redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Adjusted Treasury Rate, as determined by the Quotation Agent, plus 25 basis points, plus accrued and unpaid interest
on the principal amount being redeemed to the date fixed for redemption, or

 

(b)  on
or after the Par Call Date, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest
thereon to the date fixed for redemption.

 

SECTION 3.02.Selection and Notice
of Redemption. If the Company redeems less than all the Notes at any time, the Notes shall be selected to be redeemed as follows:

 

(a)  if
the Notes are listed on any national securities exchange, in compliance with the requirements of such national securities exchange;
or

 

    13

     

    

 

(b)  if
the Notes are not so listed, on a pro rata basis (or, if the Notes are Global Notes, by lot),

 

in each case, for the avoidance of doubt,
in accordance with applicable Depositary procedures.

 

The Company shall redeem Notes of $2,000 or
less in whole and not in part. The Company shall cause notices of redemption to be delivered at least 15 but not more than 60 days
before the date fixed for redemption to each Holder of Notes to be redeemed at its registered address.

 

SECTION 3.03.Mandatory Redemption
or Purchase. The Company shall not be obligated to redeem or purchase the Notes pursuant to any sinking fund or analogous provision,
or at the option of any Holder thereof, except as provided in Section 4.01 hereof.

 

ARTICLE
4

ADDITIONAL COVENANTS

 

SECTION 4.01.Offer to Purchase Upon
Change of Control Triggering Event.

 

(a)  Upon
the occurrence of a Change of Control Triggering Event, each Holder shall have the right to require the Company to repurchase such
Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof on the date of purchase plus accrued
and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date).

 

(b)  Within
30 days following the date upon which any Change of Control Triggering Event shall have occurred, the Company shall send a notice
to each Holder with a copy to the Trustee (the “Change of Control Offer”) or, at the Company’s option,
prior to any Change of Control but after the public announcement of the pending Change of Control, stating:

 

(i)  that
a Change of Control has occurred and that such Holder has the right to require the Company to purchase such Holder’s Notes
at a purchase price in cash equal to 101% of the principal amount thereof on the date of purchase, plus accrued and unpaid interest,
if any, to the date of purchase (subject to the right of Holders of record on the relevant Record Date to receive interest on the
relevant Interest Payment Date);

 

(ii)  the
purchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed); and

 

(iii)  the
instructions, as determined by the Company, consistent with the covenant described hereunder, that a Holder must follow in order
to have its Notes purchased.

 

(c)  The
Company shall not be required to make a Change of Control Offer following a Change of Control if a third party makes the Change
of Control Offer in the manner, at the times and otherwise in compliance with the requirements herein applicable to a Change of
Control Offer made by the Company and the third party purchases all Notes validly tendered and not withdrawn under such Change
of Control Offer.

 

    14

     

    

 

(d)  A
Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control, if a definitive
agreement has been entered into with respect to such Change of Control at the time of making of the Change of Control Offer.

 

(e)  The
Company shall comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities
laws or regulations in connection with the repurchase of Notes as a result of a Change of Control. To the extent that the provisions
of any securities laws or regulations conflict with the Change of Control Offer provisions contained in this Article 4, the Company
shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under
the Change of Control Offer provisions contained in this Article 4 by virtue of its compliance with such securities laws or regulations.

 

SECTION 4.02.Restrictions on Consolidations,
Mergers and Sales of Assets. The Company will not consolidate with or merge with or into, or convey, transfer or lease, in
one transaction or a series of transactions, directly or indirectly, all or substantially all its assets to, any Person, unless
(i) the resulting, surviving or transferee Person (the “Successor Company”) shall be a Person organized and
existing under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Company
(if not the Company) shall expressly assume, by an indenture supplemental thereto, executed and delivered to the Trustee, in form
satisfactory to the Trustee, all the obligations of the Company under the Notes and the Indenture; (ii) immediately after giving
pro forma effect to such transaction, no Default shall have occurred and be continuing; and (iii) the Company shall have delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer
and such supplemental indenture (if any) comply with the Indenture.

 

For purposes of this Section 4.02, the sale,
lease, conveyance, assignment, transfer or other disposition of all or substantially all of the properties and assets of one or
more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute
all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer
of all or substantially all of the properties and assets of the Company.

 

The Successor Company will be the successor
to the Company and shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture,
and the predecessor Company, except in the case of a lease, shall be released from the obligation to pay the principal of and interest
on the Notes.

 

SECTION 4.03.SEC Reports. Notwithstanding
Section 4.6(d) of the Original Indenture, the Company shall deliver to the Trustee within 15 days after the same is required to
be filed with the SEC, copies of the quarterly and annual reports and of the information, documents and other reports, if any,
that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (giving effect to any grace
period provided by Rule 12b-25 under the Exchange Act), and the Company shall otherwise comply with the requirements of Trust Indenture
Act Section 314(a). Any quarterly or annual report or other information, document or other report that the Company files with the
SEC pursuant to Section

 

    15

     

    

 

13
or 15(d) of the Exchange Act on the SEC’s EDGAR system (or any successor thereto) or any other publicly available database
maintained by the SEC shall be deemed to constitute delivery of such filing to the Trustee.

 

Delivery of such reports, information and
documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive
notice of any information contained therein or determinable from information contained therein, including the Company’s compliance
with any of their covenants under the Indenture (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates).

 

SECTION 4.04.Compliance Certificates.
The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company an Officers’ Certificate
stating that in the course of the performance by the signers of their duties as Officers of the Company they would normally have
knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate
shall describe the Default, its status and what action the Company is taking or proposes to take with respect thereto.

 

ARTICLE
5

REMEDIES

 

SECTION 5.01.Events of Default.
In addition to the Events of Default specified in Sections 6.1(a) and 6.1(b) of the Original Indenture, with respect to the Notes
each of the following events shall be an “Event of Default” wherever used herein:

 

(a)  the
Company fails to comply with Section 4.02 hereof;

 

(b)  the
Company fails to comply with Section 4.3 and 4.4 of the Original Indenture, Section 4.01 hereof (other than a failure to purchase
Notes when required) and such failure continues for 30 days after the notice specified below;

 

(c)  the
Company fails to comply with Section 4.03 hereof or any of its other agreements contained in the Indenture (other than those referred
to in clause (a) or (b) above) and such failure continues for 60 days after the notice specified below;

 

(d)  an
involuntary case or other proceeding shall be commenced against the Company or a Significant Subsidiary of the Company with respect
to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect 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 Significant Subsidiary of the Company under the federal bankruptcy laws as now or hereafter in effect;
and

 

(e)  the
Company or a Significant Subsidiary of the Company (A) commences a voluntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any
such law, (B) consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator
or similar official of the Company or a Significant

 

    16

     

    

 

Subsidiary
of the Company or for all or substantially all of the property and assets of the Company or a Significant Subsidiary of the Company
or (C) effects any general assignment for the benefit of creditors.

 

The foregoing will constitute Events of
Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation
of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body.

 

A Default under clauses (b) or (c) will
not constitute an Event of Default until the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes
notify the Company of the Default and the Company does not cure such Default within the time specified after receipt of such notice.
Such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.”

 

The Company shall deliver to the Trustee,
within 30 days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any event which with
the giving of notice or the lapse of time would become an Event of Default, its status and what action the Company is taking or
proposes to take with respect thereto.

 

The Trustee shall not be charged with knowledge
of any Default or Event of Default or knowledge of any cure of any Default or Event of Default unless an authorized officer of
the Trustee with direct responsibility for the administration of the Indenture has received written notice of such Default or Event
of Default.

 

SECTION 5.02.Acceleration. If
an Event of Default (other than an Event of Default specified in Section 5.01(d) or Section 5.01(e) hereof with respect to the
Company) occurs and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in principal amount of
the Notes by notice to the Company and the Trustee, may declare the principal of and accrued but unpaid interest on all the Notes
to be due and payable. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of
Default specified in Section 5.01(d) or Section 5.01(e) hereof with respect to the Company occurs, the principal of and interest
on all the Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the
part of the Trustee or any Holder. The Holders of a majority in principal amount of the Notes by notice to the Trustee may rescind
an acceleration and its consequences if the rescission would not conflict with any judgment or decree, if all amounts owed to the
Trustee in connection with such Event of Default have been paid and if all existing Events of Default have been cured or waived
except nonpayment of principal or interest that has become due solely because of acceleration. No such rescission shall affect
any subsequent Default or impair any right consequent thereto.

 

SECTION 5.03.Remaining Provisions.
Other than as provided in Section 5.01 and Section 5.02 hereof, the provisions of Article 6 of the Original Indenture shall govern
with respect to Defaults and related remedies.

 

    17

     

    

 

ARTICLE
6

SATISFACTION AND DISCHARGE

 

SECTION 6.01.Satisfaction and Discharge.
Other than as provided in Section 6.02 and Section 6.03 hereof, the provisions of Article 8 of the Original Indenture shall govern
satisfaction and discharge of the Indenture.

 

SECTION 6.02.Legal Defeasance.
Notwithstanding Section 8.2(D)(1) of the Original Indenture, the requirement under such Section shall be that the Company shall
have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published
by, the Internal Revenue Service a ruling, or (B) since the date of this Supplemental Indenture there has been a change in the
applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that,
the Holders will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be
subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such
defeasance had not occurred.

 

SECTION 6.03.Covenant Defeasance.
In addition to the certain covenants specified in Section 8.3 of the Original Indenture (being Sections 4.3 and 4.4 of the Original
Indenture), the Company may also omit to comply with any term, provision or condition set forth in Section 4.01 and Section 4.03
hereof and the operation of clauses (d) and (e) of Section 5.01 hereof with respect only to Significant Subsidiaries, and in each
case such omission shall not be deemed to be an Event of Default under clauses (b), (c), (d) or (e) of Section 5.01 hereof with
respect to the Notes if the conditions of Section 8.3 of the Original Indenture are complied with.

 

ARTICLE
7

SUPPLEMENTAL INDENTURES

 

SECTION 7.01.Amendments or Supplements
Without Consent of Holders. In addition to any permitted amendment or supplement to the Indenture pursuant to Section 9.1 of
the Original Indenture, the Company and the Trustee may amend or supplement the Indenture or the Notes without notice to or the
consent of any Holder of the Notes:

 

(a)  to
comply with Section 4.02 hereof;

 

(b)  to
add Guarantees with respect to the Notes or to secure the Notes;

 

(c)  to
add to the covenants of the Company for the benefit of the Holders or surrender any right or power conferred upon the Company;

 

(d)  to
provide for the issuance of Additional Notes in accordance with the limitations set forth in the Indenture as of the Issue Date;

 

(e)  to
conform the text of the Indenture or the Notes to the section entitled “Description of the Notes” as set forth in the
Prospectus Supplement, to the extent that such provision of the of the Indenture or the Notes was intended to be a verbatim recitation
of such provision of the “Description of the Notes;” or

 

    18

     

    

 

(f)  to
make any amendment to the provisions of the Indenture relating to the transfer and legending of the Notes; provided, however,
that (a) compliance with the Indenture as so amended would not result in the Notes being transferred in violation of the Securities
Act or any other applicable securities law and (b) such amendment does not materially and adversely affect the rights of Holders
to transfer the Notes.

 

SECTION 7.02.Amendments, Supplements
or Waivers With Consent of Holders. Subject to Section 6.4, Section 6.7 and Section 9.2 of the Original Indenture and to the
second sentence of this Section 7.02, but notwithstanding any of the provisions of Section 9.2 of the Original Indenture to the
contrary, the Company and the Trustee may only amend the Indenture, with respect to the Notes, and the Notes with the written consent
of the Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained
in connection with a purchase of, or tender offer or exchange offer for, the Notes), and only the Holders of a majority in principal
amount of the Notes then outstanding by written notice to the Trustee may waive future compliance by the Company with any provision
of the Indenture, with respect to the Notes, or the Notes (including, without limitation, consents obtained in connection with
a purchase of, or tender offer or exchange offer for, the Notes). Notwithstanding the foregoing provision and in addition to the
provisions of the second paragraph of Section 9.2 of the Original Indenture, without the consent of each Holder of an outstanding
Note affected thereby, an amendment or waiver, including a waiver in relation to a past Event of Default, may not:

 

(a)  change
the provisions applicable to the redemption of any Note contained in Article 3 hereto or in the Notes; or

 

(b)  make
any change in, or release other than in accordance with the Indenture, any Guarantee that would adversely affect the Holders.

 

SECTION 7.03.Payment for Consent.
Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration,
whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any
of the terms or provisions of the Indenture or the Notes unless such consideration is offered to all Holders and is paid to all
Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent,
waiver or agreement.

 

ARTICLE
8

MISCELLANEOUS

 

SECTION 8.01.Governing Law and Jury
Trial Waiver. THIS SUPPLEMENTAL INDENTURE AND THE NOTES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO
THIS SUPPLEMENTAL INDENTURE AND THE NOTES, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. The Holders and the parties hereto hereby waive their respective rights to trial by jury in any action or proceeding arising
out of or related to the Indenture, the Notes or the transactions contemplated hereby or thereby, to the extent permitted by law.

 

    19

     

    

 

SECTION 8.02.Payments on Business
Days. If any Interest Payment Date or the Stated Maturity of the Notes or any earlier required repurchase date would fall on
a day that is not a Business Day, the required payment shall be made on the next succeeding Business Day and no interest on such
payment shall accrue in respect of the delay.

 

SECTION 8.03.No Security Interest
Created. Nothing in this Supplemental Indenture or in the Notes, expressed or implied, shall be construed to constitute a security
interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction.

 

SECTION 8.04.Trust Indenture Act.
This Supplemental Indenture is hereby made subject to, and shall be governed by, the provisions of the Trust Indenture Act required
to be part of and to govern indentures qualified under the Trust Indenture Act. If any provision hereof limits, qualifies or conflicts
with another provision hereof or the Original Indenture that is required to be included in an indenture qualified under the Trust
Indenture Act, such required provision shall control.

 

SECTION 8.05.Notices. The addresses
for notice in Section 10.2 of the Original Indenture shall be deemed to be as follows:

 

if to the Company:

 

Tyson Foods, Inc.

2200 West Don Tyson Parkway

Springdale, Arkansas 72762-6999

Attention: Chief Financial Officer

 

with a copy to:

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

Attention: Richard D. Truesdell, Jr.

    Derek J. Dostal

 

if to the Trustee:

 

The Bank of New York Mellon Trust Company, N.A.

601 Travis Street, 16th Floor

Houston, Texas 77002

Attention: Corporate Trust Services, re: Tyson Foods, Inc.

 

The Company or the Trustee by notice to
the others may designate additional or different addresses for subsequent notices or communications.

 

The Trustee agrees to accept and act upon
instructions or directions pursuant to this Supplemental Indenture sent by unsecured e-mail, pdf, facsimile transmission or other
similar unsecured electronic methods; provided, however, that the Trustee shall have received an incumbency certificate
listing persons designated to give such instructions or directions and

 

    20

     

    

 

containing
specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person
is to be added or deleted from the listing. If the Company elects to give the Trustee e-mail or facsimile instructions (or instructions
by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding
of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly
or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict
or are inconsistent with a subsequent written instruction. The Company agrees to assume all risks arising out of the use of such
electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee
acting on unauthorized instructions, and the risk or interception and misuse by third parties.

 

SECTION 8.06.Benefits of Indenture.
Nothing in this Supplemental Indenture or in the Notes, expressed or implied, shall give to any Person, other than the parties
hereto, any Paying Agent, any authenticating agent, any Registrar and their successors hereunder or the Holders of the Notes, any
benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture.

 

SECTION 8.07.Successors. All
agreements of the Company in the Indenture and the Notes shall bind its successors. All agreements of the Trustee in the Indenture
shall bind its successors.

 

SECTION 8.08.Table of Contents, Headings,
Etc. The table of contents and the titles and headings of the Articles and Sections of this Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any
of the terms or provisions hereof.

 

SECTION 8.09.Execution in Counterparts.
This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same instrument.

 

SECTION 8.10.Severability. In
the event any provision of this Supplemental Indenture or in the Notes shall be invalid, illegal or unenforceable, then (to the
extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected
or impaired.

 

SECTION 8.11.The Trustee. The
Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental
Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company. In acting as Trustee
under this Supplemental Indenture and with respect to the Notes, the Trustee shall be entitled to, in addition to all rights, benefits,
protections, indemnities and immunities granted to it under the Original Indenture, the benefit of the following provisions:

 

(a)  The
permissive right of the Trustee to take any action under this Supplemental Indenture shall not be construed as a duty to so act.

 

(b)  In
no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but

 

    21

     

    

 

not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action.

 

(c)  In
no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising
out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions,
loss or malfunctions of utilities, communications or computer (software and hardware) services (it being understood that the Trustee
shall use reasonable efforts which are consistent with accepted practices in the banking industry to avoid and mitigate the effects
of such occurrences and to resume performance as soon as practicable under the circumstances).

 

(d)  The
rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and
other Person employed to act hereunder.

 

SECTION 8.12.Foreign Account Tax
Compliance Act (FATCA). In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines
and interpretations promulgated by competent authorities) in effect from time to time (“Applicable Law”), the
Trustee shall be entitled to make any withholding or deduction from payments under the this Supplemental Indenture to the extent
necessary to comply with Applicable Law (and shall timely pay the amounts so withheld or deducted to the applicable governmental
authority) for which the Trustee shall not have any liability.  Each of the Company and
the Trustee agrees to reasonably cooperate and, at the reasonable request of the other, to provide the other with such information
as each may have in its possession that is necessary to enable the determination of whether any payments hereunder are subject
to FATCA Withholding Tax.

 

For purposes of this Section 8.12, “FATCA
Withholding Tax” shall mean any withholding or deduction required pursuant to an agreement described in Section 1471(b)
of the Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Code (or any regulations or agreements thereunder
or official interpretations thereof) or any intergovernmental agreement between the United States and another jurisdiction facilitating
the implementation thereof (or any law implementing such an intergovernmental agreement).

 

 

[Remainder of the page intentionally
left blank]

 

    22

     

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this Supplemental Indenture to be duly executed as of the day and year first above written.

 

	 	TYSON FOODS, INC.
	 	 
	 	 
	 	By:	  /s/ Curt Calaway
	 	Name:	 Curt Calaway 
	 	Title: 	 Senior Vice President Finance & Treasurer 

 

 

 

 

 

 

[Trustee Signature Follows]

 

    
[Signature Page to 2029 Supplemental Indenture]

     

    

 

	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as
Trustee
	 	 
	 	 
	 	By:	/s/ Karen Yu
	 	Name:	Karen Yu
	 	Title: 	Vice President

  

    
[Signature Page to 2029 Supplemental Indenture]

     

    

 

EXHIBIT A

 

[FORM OF FACE OF NOTE]

 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS EXCHANGEABLE FOR
NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN
LIMITED CIRCUMSTANCES.

 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION
OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

    A-1

     

    

 

TYSON FOODS, INC.

4.350% Senior Note due 2029

 

	No. [   ●   ]	Initially $[       ]

 

CUSIP No. 902494 BK8

 

Tyson Foods, Inc., a Delaware corporation (herein called the
“Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value
received, hereby promises to pay CEDE & CO., or registered assigns, [ ] Dollars ($[ ]) (or such lesser principal amount as
shall be specified in the “Schedule of Exchanges of Securities” attached hereto) on February 19, 2019, and to
pay interest thereon as set forth in the manner, at the rates and to the Persons set forth in the Indenture.

 

This Note shall bear interest at a rate of 4.350% per annum
from February 19, 2019 or from the most recent date to which interest had been paid or provided to, but excluding, the next scheduled
Interest Payment Date, until the principal hereof shall be repaid. Interest on this Note will be computed on the basis of a 360-day
year composed of twelve 30-day months. Interest is payable semi-annually in arrears on each March 1 and September 1, commencing
on September 1, 2019, to the Person in whose name this Note (or one or more predecessor securities) is registered at the close
of business on the Record Date for such interest.

 

The Company shall pay principal of and interest on this Note,
so long as such Note is a Global Note, in immediately available funds to the Depositary or its nominee, as the case may be, as
the registered Holder of such Note. The Company shall pay principal of any Notes (other than Notes that are Global Notes) at the
office or agency designated by the Company for that purpose. The Company has initially designated the Trustee as its Paying Agent
and Registrar in respect of the Notes and its agency in New York, New York as a place where Notes may be presented for payment
or for registration of transfer. The Company may, however, change the Paying Agent or Registrar for the Notes without prior notice
to the Holders thereof, and the Company may act as Paying Agent or Registrar.

 

Reference is hereby made to the further provisions of this Note
set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

 

In the case of any conflict between this Note and the Indenture,
the provisions of the Indenture shall control.

 

THIS NOTE, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER
OR RELATED TO THIS NOTE, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

Unless the certificate of authentication hereon has been executed
by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose.

 

    A-2

     

    

 

IN WITNESS WHEREOF, TYSON FOODS, INC. has caused this instrument
to be signed manually or by facsimile by its duly authorized officers.

 

Dated: February 19, 2019

 

	 	TYSON FOODS, INC.
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	ATTEST:
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

  

    A-3

     

    

 

CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series
designated herein referred to in the within-mentioned Indenture.

 

Dated: February 19, 2019

 

	 	

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A., as Trustee

	 	 
	 	 
	 	By: 	
	 	Name:	
	 	Title:	 

 

    A-4

     

    

 

[FORM OF REVERSE OF NOTE]

 

TYSON FOODS, INC.

 

4.350% Senior Note due 2029

 

This Note is one of a duly authorized issue of Securities of
the Company (herein called the “Notes”), issued under an Indenture dated as of June 1, 1995 (herein called the
“Original Indenture”) by and between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor
to JPMorgan Chase Bank, N.A. (formerly The Chase Manhattan Bank, N.A.)), herein called the “Trustee”, as supplemented
by the Supplemental Indenture dated as of February 19, 2019 (herein called the “Supplemental Indenture” and
the Original Indenture, as supplemented by the Supplemental Indenture, the “Indenture”) by and between the Company
and the Trustee, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes
are, and are to be, authenticated and delivered. Additional Notes may be issued in an unlimited aggregate principal amount, subject
to certain conditions specified in the Indenture.

 

The Company may redeem the Notes in whole or in part, at any
time (a) prior to December 1, 2028 at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes
plus accrued and unpaid interest thereon to the date fixed for redemption, or (ii) the sum of the remaining scheduled payments
of principal of and interest on the Notes being redeemed (not including any portion of the payments of interest accrued as of the
date fixed for redemption), discounted to its present value as of the date fixed for redemption on a semi-annual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined in the Supplemental Indenture), as
determined by the Quotation Agent (as defined in the Supplemental Indenture), plus 25 basis points, plus accrued and unpaid interest
on the principal amount being redeemed to the date fixed for redemption, or (b) on or after December 1, 2028, at a redemption price
equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to the date fixed for redemption.

 

If a Change of Control Triggering Event (as defined in the Supplemental
Indenture) occurs, unless the Company has exercised its right to redeem the Securities, Holders of the Securities will have the
right to require the Company to repurchase all or a portion of their Securities pursuant to the offer described in the Supplemental
Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date
of repurchase, subject to the rights of Holders of Securities on the relevant Interest Record Date to receive interest due on the
relevant Interest Payment Date.

 

Subject to certain conditions, the Company at any time shall
be entitled to terminate certain of its obligations under the Notes and the Indenture if the Company deposits with the Trustee
money or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case
may be.

 

Subject to certain exceptions set forth in the Indenture, (a)
the Indenture and the Securities may be amended with the written consent of the Holders of at least a majority in principal amount

 

    A-5

     

    

 

outstanding of the Notes and (b) any default or noncompliance with any provision may be waived with the written consent of the
Holders of a majority in principal amount outstanding of the Notes. Subject to certain exceptions set forth in the Indenture, without
the consent of any Holder, the Company and the Trustee shall be entitled to amend the Indenture or the Notes to: cure any ambiguity,
omission, defect or inconsistency; comply with Section 4.02 of the Supplemental Indenture; add guarantees with respect to the Notes
or secure the Notes; add additional covenants or surrender rights and powers conferred on the Company; comply with any requirement
of the SEC in connection with qualifying the Indenture under the Act; make any change that does not adversely affect the rights
of any Holder; provide for the issuance of Additional Notes; evidence and provide for the acceptance and appointment under the
Indenture of a successor Trustee; conform the text of the Indenture or the Notes to any provision under the heading “Description
of the Notes” in the Prospectus Supplement; or make amendments to provisions of the Indenture relating to the transfer and
legending of the Notes.

 

Under the Indenture, Events of Default include (a) default for
30 days in payment of interest on the Notes; (b) default in payment of principal on the Notes at maturity, upon optional redemption
of the Notes, upon acceleration or otherwise, or failure by the Company to redeem or purchase Notes when required; (c) failure
by the Company to comply with other agreements in the Indenture or the Notes, in certain cases subject to notice and lapse of time;
and (d) certain events of bankruptcy or insolvency with respect to the Company and the Significant Subsidiaries. If an Event of
Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Notes may declare all the
Notes to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of Default which will result in
the Notes being due and payable immediately upon the occurrence of such Events of Default.

 

Holders may not enforce the Indenture or the Notes except as
provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it receives indemnity or security
satisfactory to it. Subject to certain limitations, Holders of a majority in principal amount of the Notes may direct the Trustee
in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default (except a Default
in payment of principal, premium, if any, or interest) if it determines in good faith that withholding notice is not opposed to
the interests of the Holders.

 

No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal
of and any premium and interest on this Note at the time, place and rate, and in the coin and currency, herein prescribed.

 

As provided in the Indenture and subject to certain limitations
therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration
of transfer at the office or agency of the Company in any place where the principal of and interest on this Note are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed
by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or
transferees.

 

    A-6

     

    

 

The Notes are issuable only in registered form without coupons
in denominations of $2,000 and in integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain
limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the same.

 

No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable
in connection therewith.

 

Prior to due presentment of this Note for registration of transfer,
the Company, the Trustee and any agent of the Company or Trustee may treat the Person in whose name the Note is registered as the
owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary.

 

All defined terms used in this Note that are defined in the
Indenture shall have the meanings assigned to them in the Indenture.

 

    A-7

     

    

 

ABBREVIATIONS

 

The following abbreviations,
when used in the inscription of the face of this Note, shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	TEN-COM—as tenants in common	UNIF GIFT MIN ACT	Custodian
	 	(Cust)	 
	TEN ENT—as tenants by the entireties	 	 
	 	(Minor)	 
	JT TEN—as joint tenants with right of survivorship and not as tenants in common	Uniform Gifts to Minors act	(State)
	 	Additional abbreviations may also be used though not in the above list	 

 

    A-8

     

    

 

SCHEDULE A

 

SCHEDULES OF EXCHANGES OF SECURITIES

 

TYSON FOODS, INC.

4.350% Senior Notes due 2029

 

The initial principal amount of this Registered Global Security
is ($       ).
The following, exchanges, purchases or conversions of a part of this Registered Global Security have been made:

 

	
        Date
of Exchange
	
        Amount
of decrease in principal amount of this Registered Global Security
	
        Amount
of increase in principal amount of this Registered Global Security
	
        Principal
amount of this Registered Global Security following such decrease or increase
	
        Signature
of authorized signatory of Trustee or Custodian

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]