Document:

<PAGE>
                                                                   Exhibit 10.44

     "***" - Confidential portions of this Agreement have been omitted and
      filed separately with the Securities and Exchange Commission under a
          Confidential Treatment Request, pursuant to Rule 406 of the
                       Securities Act of 1933, as amended

                                                           By-Products Marketing
                                                                       Agreement

                                                     ConAgra Trade Group Pty Ltd
                                                       ConAgra Trade Group, Inc.
                                             Australia Meat Holdings Pty Limited

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BY-PRODUCTS MARKETING AGREEMENT
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TABLE OF CONTENTS

<Table>
<Caption>
<S>                                                                             <C>
1.       DEFINITIONS AND INTERPRETATION                                          1
         1.1      Definitions                                                    1
         1.2      Interpretation                                                 3
         1.3      Consents or approvals                                          4

2.       TERM                                                                    4
         2.1      Term                                                           4
         2.2      Termination of Licence                                         4
         2.3      Clauses which Survive Termination                              4

3.       SPECIFICATIONS                                                          4

4.       TRADING NAME                                                            5
         4.1      CTG's Common Law Rights                                        5
         4.2      Licence of Common Law Rights                                   5
         4.3      Trade Mark Licence                                             5
         4.4      Purpose of Licence                                             5
         4.5      Termination                                                    5
         4.6      Power of Attorney                                              6

5.       PROVISION OF KEY PERSONS                                                6
         5.1      Secondment of Key Persons                                      6
         5.2      Responsibilities of CTG for Key Persons                        6
         5.3      Responsibilities of AMH for Key Persons                        6
         5.4      Key Persons not Employees of AMH                               7

6.       PRICES                                                                  7
         6.1      Notification of Prices                                         7
         6.2      Agreement of Prices                                            7
         6.3      Adjustment of Prices to Reflect Freight Differentials          7

7.       CALCULATION OF PROFIT AND LOSS                                          7
         7.1      Maintain Accounts                                              7
         7.2      Debited Amounts                                                8
         7.3      Australian Business Account Only                               8
         7.4      Credited Amounts                                               8
         7.5      Annual Review of Debited Amounts                               8

8.       FEES                                                                    9
         8.1      Fees                                                           9
         8.2      Base Fee                                                       9
         8.3      Bonus Fee                                                      9
         8.4      Interim Profit or Loss statements                             10
         8.5      Profits or Losses for the Term                                10
         8.6      Payment of Fees                                               10

9.       AUDIT                                                                  10
         9.1      Access to Records                                             10
         9.2      Discrepancies disclosed by audit                              10
</Table>

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BY-PRODUCTS MARKETING AGREEMENT
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<Table>
<S>                                                                             <C>
10.      GST                                                                    10
         10.1     GST to be added to amounts payable                            11
         10.2     Liability net of GST                                          11
         10.3     Timing of the payment of the GST Amount                       11
         10.4     Revenue exclusive of GST                                      11
         10.5     Cost exclusive of GST                                         11
         10.6     GST obligations to survive termination                        11
         10.7     Application to New Zealand GST                                11

11.      FORCE MAJEURE                                                          12

12.      NO CONSEQUENTIAL DAMAGES                                               12

13.      RELATIONSHIP OF THE PARTIES                                            12
         13.1     No partnership                                                12

14.      INDEMNITY                                                              12

15.      RECALL OF PRODUCTS                                                     13

16.      COMPLIANCE WITH LAW/TESTING                                            13

17.      NOTICES                                                                13

18.      ENTIRE AGREEMENT                                                       14

19.      ASSIGNMENT                                                             14

20.      NO WAIVER                                                              15

21.      FURTHER ASSURANCES                                                     15

22.      NO MERGER                                                              15

23.      GOVERNING LAW AND JURISDICTION                                         15

24.      COUNTERPARTS                                                           15

SCHEDULE 1 - PRICES                                                             17

SCHEDULE 2 - SPECIFICATIONS                                                      1

SCHEDULE 3 - FORM 5                                                              3

SCHEDULE 4 - BID SHEETS                                                          4

SCHEDULE 5 - MONTHS AND QUARTERS                                                 6
</Table>

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BY-PRODUCTS MARKETING AGREEMENT
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DATE                                                  October 8, 2003

PARTIES

         1.       CONAGRA TRADE GROUP PTY LTD (ACN 003 823 701) incorporated in
                  New South Wales of 15 Gough Street, Richmond, Victoria (CTG)

         2.       CONAGRA TRADE GROUP, INC., incorporated in Delaware, United
                  States of America (CTGI)

         3.       AUSTRALIA MEAT HOLDINGS PTY LIMITED (ACN 011 062 338)
                  incorporated in Queensland of 175 Riverview Road, Dinmore,
                  Queensland (AMH)

RECITALS

         A        As at the date of this Agreement, AMH carries on the Business
                  through its division known as "CTG Rendered Products".

         B        The parties wish to provide for AMH to continue to carry on
                  the Business using the Registered Business Name. AMH also
                  wishes to retain the licence previously granted to AMH by CTG
                  to use CTG's common law rights in the Business Name and CTG's
                  rights in the Trade Mark.

         C        CTG and CTGI agree to provide to AMH the services of the Key
                  Persons, to assist with the marketing and selling of the
                  Products.

         D        In consideration of supplying the services of the Key Persons
                  to AMH, AMH will pay to CTG the fees calculated in accordance
                  with this Agreement.

IT IS AGREED as follows.

1.       DEFINITIONS AND INTERPRETATION

1.1      DEFINITIONS

         The following definitions apply unless the context requires otherwise.

         BASE FEE means the fee referred to and calculated in accordance with
         clause 8.2.

         BONUS FEE means the fee referred to and calculated in accordance with
         clause 8.3.

         BUSINESS means the marketing and sale of the Products by AMH in either
         Australia or New Zealand, whether through CTGRP or otherwise.

         BUSINESS NAME means the name "CTG Rendered Products".

         COMMENCEMENT DATE means (despite the date on which this Agreement is
         executed) 26 May 2003.

         CTGRP means the trading division of AMH known as "CTG Rendered
         Products" as at the date of this Agreement.

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         FACILITIES means the facilities owned by AMH and known as:

         o        Dinmore, Queensland;

         o        Beef City, Queensland;

         o        Rockhampton; Queensland; and

         o        Townsville, Queensland,

         (each of them a FACILITY).

         FORM 5 means a Form 5 "Notice of Cessation of Business under Business
         Name" pursuant to the Business Names Act 1962 (Qld) (or such other form
         as may replace that form) substantially in the form set out in Schedule
         3.

         KEY PERSONS means Ian Bromell, Mark Frost and Scott Weitemeyer for so
         long as they remain employees of CTG located in Australia, Chris
         Sutherland for so long as he remains an employee of CTG located in New
         Zealand, Eric Watts for so long as he remains an employee of CTGI in
         Australia and such other employees of CTG or CTGI as the parties may
         agree from time to time.

         LOSS means an amount (which is a negative number) which is:

         (a)      the total of the amounts credited to the accounts kept in
                  respect of the Business during the relevant Year; less

         (b)      the total of the amounts debited to the accounts kept in
                  respect of the Business during the relevant Year.

         MONTH means each monthly financial reporting period for CTG during the
         Term as set out in Schedule 5.

         PRICE means the notional price for a Product calculated in accordance
         with clause 6.

         PRODUCTS means

         (a)      all of the following rendered by-products produced by AMH at
                  the Facilities:

                  o        blood meal;

                  o        inedible tallow;

                  o        anti/post mortem tallow;

                  o        edible tallow;

                  o        meat and bone meal; and

                  o        save all tallow; and

         (b)      all rendered meat by-products of any kind purchased by AMH in
                  Australia or New Zealand from third parties for the purpose of
                  resale.

         (each of them a PRODUCT).

         PROFIT means an amount (which is a positive number) which is:

         (a)      the total of the amounts credited to the accounts kept in
                  respect of the Business during the relevant Year; less

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BY-PRODUCTS MARKETING AGREEMENT
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         (b)      the total of the amounts debited to the accounts kept in
                  respect of the Business during the relevant Year.

         QUARTER means quarterly financial period for CTG during the Term as set
         out in Schedule 5.

         REGISTERED BUSINESS NAME means the business name "CTG Rendered
         Products" registered in Queensland with the number BN17329036.

         SALARY AMOUNT means an amount equal to the salary and employee
         benefits, including any taxes and charges, which CTG or CTGI is liable
         to pay to, or in respect of the employment by CTG or CTGI of the Key
         persons for a Month.

         SPECIFICATIONS means the specifications for the Products set out in
         Schedule 3.

         TERM means the term of this Agreement in clause 2.

         TRADE MARK means Australian Trade Mark registration 842732 owned by
         CTG.

         YEAR means each yearly financial reporting period for CTG during the
         Term as set out in Schedule 5.

1.2      INTERPRETATION

         Headings are for convenience only and do not affect interpretation. The
         following rules apply unless the context requires otherwise.

         (a)      The singular includes the plural, and the converse also
                  applies.

         (b)      A gender includes all genders.

         (c)      If a word or phrase is defined, its other grammatical forms
                  have a corresponding meaning.

         (d)      A reference to a person includes a corporation, trust,
                  partnership, unincorporated body or other entity, whether or
                  not it comprises a separate legal entity.

         (e)      A reference to a clause, schedule or annexure is a reference
                  to a clause of or schedule or annexure to, this Agreement.

         (f)      A reference to an agreement or document (including a reference
                  to this Agreement is to the agreement or document as amended,
                  supplemented, novated or replaced, except to the extent
                  prohibited by this Agreement or that other agreement or
                  document.

         (g)      A reference to writing includes any method of representing or
                  reproducing words, figures, drawings, or symbols in a visible
                  and tangible form.

         (h)      A reference to a party to this Agreement or another agreement
                  or document includes the party's successors, permitted
                  substitutes and permitted assigns.

         (i)      A reference to legislation or to a provision of legislation
                  includes a modification or re-enactment of it, a legislative
                  provision substituted for it and regulation or statutory
                  instrument issued under it.

         (j)      A reference to conduct includes an omission, statement or
                  undertaking, whether or not in writing.

         (k)      A reference to an agreement includes any undertaking, deed,
                  agreement and legally enforceable arrangement, whether or not
                  in writing, and a reference to a document includes an
                  agreement (as so defined) in writing and any certificate,
                  notice, instrument or document of any kind.

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         (l)      A reference to dollars or $ is to Australian currency.

         (m)      A reference to an asset includes any real or personal, present
                  or future, tangible or intangible property or asset (including
                  intellectual property) and any right, interest, revenue or
                  benefit in, under or derived from the property or asset.

         (n)      All references to time are to Brishane time.

         (o)      Mentioning anything after includes, including, for example, or
                  similar expressions, does not limit what else might be
                  included.

         (p)      Nothing in this Agreement is to be interpreted against a party
                  solely on the ground that the party put forward this Agreement
                  or a relevant part of it.

         (q)      Schedules and annexures to this Agreement form part of the
                  terms of this Agreement.

1.3      CONSENTS OR APPROVALS

         If the doing of any act, matter or thing under this Agreement is
         dependent on the consent or approval of a party or is within the
         discretion of a party, the consent or approval may be given or the
         discretion may be exercised conditionally or unconditionally or
         withheld by the party in its absolute discretion unless expressly
         provided otherwise.

2.       TERM
--------------------------------------------------------------------------------

2.1      TERM

         This Agreement commences on the Commencement Date and expires on 31 May
         2005 (the "Initial Term"). Provided, however, this Agreement shall
         automatically renew for additional one (1) year terms thereafter on the
         same terms and conditions unless either party gives written notice of
         its intention not to renew the Agreement at least ninety (90) days
         prior to the end of the Initial Term or any renewal term. Provided
         further, that in the event CTG notifies Swift & Company and AMH that
         CTG, CTGI or one of their affiliates have executed a long-term
         agreement for the storage of rendered by-products (the "Storage
         Agreement"), then the parties agree to amend this Agreement so that the
         term of this Agreement shall expire at the same time as the Storage
         Agreement. Provided further, however, that the foregoing sentence shall
         not apply unless AMH or one of its affiliates has approved the terms of
         the Storage Agreement.

2.2      TERMINATION OF LICENCE

         At the expiration of the Term, the licence of the common law rights
         in the Business Name and the licence of the Trade Mark granted under
         clause 4 of this Agreement are terminated.

2.3      CLAUSES WHICH SURVIVE TERMINATION

         Clauses 4 (except for subclauses 4.2, 4.3 and 4.4), 8, 9, 12, 14 and 15
         shall survive the expiry of this Agreement.

3.       SPECIFICATIONS
--------------------------------------------------------------------------------

         AMH shall ensure that each of the Products conforms with the
         Specifications for that Product.

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4.       TRADING NAME
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4.1      CTG'S COMMON LAW RIGHTS

         AMH acknowledges that CTG has common law rights in the Business Name
         and that AMH has no rights in the Business Name.

4.2      LICENCE OF COMMON LAW RIGHTS

         CTG grants to AMH for the duration of the Term a revocable and
         non-exclusive licence of CTG's common law rights in the Business Name
         for the purposes of the Business. Under the licence, AMH may be the
         registered proprietor of the Registered Business Name.

4.3      TRADE MARK LICENCE

         (a)      CTG grants to AMH, for the duration of the Term, a revocable
                  and non-exclusive licence to use the Trade Mark.

         (b)      AMH may only use the Trade Mark in respect of the Products if
                  such Products conform to the standards of manufacture and
                  quality laid down, given or approved from time to time by CTG.

         (c)      During the term of this Agreements and on request by CTG, AMH
                  hereby agrees:

                  (i)      that it will supply CTG, at all reasonable times,
                           samples or specimens or all wrappers, packaging and
                           literature in use by AMH relating to any of the
                           Products offered for sale by AMH; and

                  (ii)     CTG or its duly authorized representative or agent
                           has the right to inspect the Products for which the
                           Trade Mark is to be used and to inspect the methods
                           of making said Products on the premises of AMH or
                           on the premises of any sub-contractor of AMH.

4.4      PURPOSE OF LICENCE

         The parties acknowledge that the licences granted under clauses 4.2 and
         4.3 are limited solely to the purpose of carrying on the Business and
         for no other purpose.

4.5      TERMINATION

         (a)      Immediately upon the expiration of the Term, AMH will
                  cooperate with CTG and execute and lodge all documents
                  (including but not limited to the Form 5), and do all things
                  necessary to have AMH's registration as proprietor of the
                  Registered Business Name cancelled.

         (b)      Following expiration of the Term, AMH will not, anywhere in
                  the world:

                  (i)      claim any common law rights in;

                  (ii)     make an application for a registered trade mark for;

                  (iii)    carry on business using;

                  (iv)     make any application for any interest in a business
                           name or company name containing,

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                           the words "CTG", "CTG Rendered Products" or any
                           derivation thereof.

4.6      POWER OF ATTORNEY

         AMH irrevocably appoints CTG and each director and secretary of CTG
         from time to time severally as its attorneys, in its name and on its
         behalf or otherwise, to sign, execute and do all things whatsoever
         which AMH ought to sign, execute and do for the purposes of clause 4.5.

5.       PROVISION OF KEY PERSONS
--------------------------------------------------------------------------------

5.1      SECONDMENT OF KEY PERSONS

         CTG shall second and shall procure that CTGI seconds the Key Persons
         who are their respective employees to AMH for the duration of the Term
         to provide to AMH the same services in relation to the Business as were
         provided by employees of CTG or CTGI seconded to AMH for a similar
         purpose during the 12 month period prior to the Commencement Date.

5.2      RESPONSIBILITIES OF CTG FOR KEY PERSONS

         CTG shall and shall procure that CTGI:

         (a)      direct the Key Persons who are their respective employees, in
                  performing the services listed in clause 5.1, to act in
                  accordance with the requests and directions of AMH, provided
                  those requests and directions are consistent with the terms
                  of this Agreement; and

         (b)      use reasonable endeavours to ensure that the Key Persons who
                  are their respective employees, subject to paragraph (a);

                  (i)      perform the services set our in clause 5.1 with all
                           skill, care and diligence to be expected from a
                           qualified, competent and experienced person
                           performing services of similar scope and complexity;

                  (ii)     comply with all applicable laws and requirements
                           including all applicable permits, licences,
                           authorisations and accreditations held by AMH and
                           notified by AMH to the Key Persons, CTG and CTGI in
                           writing; and

                  (iii)    comply with all AMH company policies notified by AMH
                           to the Key Persons, CTG and CTGI in writing.

5.3      RESPONSIBILITIES OF AMH FOR KEY PERSONS

         (a)      AMH shall indemnify and hold CTG and CTGI harmless from and
                  against any and all costs, liabilities, losses, claims,
                  actions, suits, proceedings or demands whatsoever (including
                  legal fees and costs on a full indemnity basis) that may be
                  incurred or sustained by CTG or CTGI as result of any act,
                  omission, error or judgement (whether or not negligent or
                  otherwise actionable) committed by a Key Person in performing
                  the services set out in clause 5.1.

         (b)      AMH shall effect and maintain a public liability insurance
                  policy for not less than $10 million noting CTG and CTGI as
                  separate insured parties and insuring each of AMH's, CTG's and
                  CTGI's insurable interest in relation to the actions of the
                  Key Persons in performing the services set out in clause 5.1.

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5.4      KEY PERSONS NOT EMPLOYEES OF AMH

         During the period of any secondment under this Agreement, each Key
         Person will remain an employee of CTG or CTGI (as the case may be).
         Nothing in this Agreement shall be interpreted as construing that any
         Key Person is an employee of AMH.

6.       PRICES

6.1      NOTIFICATION OF PRICES

         Upon request by AMH, and, in any event if no such request is made, no
         later than 2 business days prior to the commencement of a Month, CTG
         will, or will cause the Key Persons to, calculate the Prices for each
         Product in accordance with Schedule 1 for that Month and for the two
         Months following that Month and notify AMH of those prices in the form
         set out in Schedule 4.

6.2      AGREEMENT OF PRICES

         Prior to the commencement of a Month, CTG and AMH shall use their best
         endeavours to agree on the Prices to apply for each Product for that
         Month. If the parties fail to agree a Price for a Product prior to
         the commencement of a Month, the Price for that Product for that Month
         will be the Price for that Product for the Month most recently notified
         by CTG to AMH pursuant to clause 6.1.

6.3      ADJUSTMENT OF PRICES TO REFLECT FREIGHT DIFFERENTIALS

         The parties acknowledge that certain items in Schedule 1 reflect actual
         freight differentials as at the Commencement Date. The parties agree to
         review and amend at the end of each Quarter those items set out in
         Schedule 1 which incorporate a freight differential so that they
         reflect actual freight differentials as at the end of that Quarter. In
         the event that the parties cannot agree the adjusted Price to reflect
         actual freight differentials as at the end of a particular Quarter, the
         freight differential shall remained unchanged.

7.       CALCULATION OF PROFIT AND LOSS

7.1      MAINTAIN ACCOUNTS

         AMH shall maintain and keep separate accounts, books, ledgers,
         financial and other records in respect of the Business for each
         jurisdiction in which the Business is conducted. AMH shall ensure that
         all such accounts, books, ledgers, financial and other records in
         respect of the Business in each such jurisdiction:

         (a)      are fully and properly maintained and contain accurate records
                  of all matters required to be entered in them by generally
                  accepted accounting principles and practices in that
                  jurisdiction consistently applied and the provisions of this
                  Agreement;

         (b)      do not contain or reflect any material inaccuracies or
                  discrepancies;

         (c)      are sufficient to enable CTG to conduct the audits
                  contemplated by clause 9.

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7.2      DEBITED AMOUNTS

         AMH shall cause the following amounts incurred in respect of the
         Business conducted in each jurisdiction to be debited to the accounts
         kept in respect of the Business for each such jurisdiction:

         (a)      the Price for the Products calculated in accordance with
                  clause 6.2;

         (b)      costs incurred for storing Products in third party facilities
                  for longer than 7 days (on an actual cost to AMH, without mark
                  up, basis);

         (c)      interest charged to AMH by third party creditors referable to
                  the activities of the Business;

         (d)      the Salary Amount notified to AMH by CTG pursuant to clause
                  8.2(c) of this Agreement;

         (e)      all ocean freight costs for shipping of Products and all FOB
                  costs;

         (f)      interest on working capital at the rate charged from time to
                  time by AMH to its debtors;

                  (i)      debtors outstanding for 21 days or more from invoice
                           date; and

                  (ii)     inventory stored in third party facilities;

                  provided, however, that credits shall be made to the accounts
                  kept in respect of the Business for any interest and inventory
                  storage charges which have not been incorporated in the
                  pricing for such items and have been collected separately by
                  the Business.

         (g)      an amount equal to the salaries of staff employed by AMH to
                  provide clerical sales support services for trading assistance
                  to the Business for that jurisdiction (on a pro rata basis
                  based on the number of hours worked for the Business where
                  those employees also perform services for AMH outside of the
                  Business);

         (h)      the debits set out in Schedule 1.

7.3      AUSTRALIAN BUSINESS ACCOUNT ONLY

         In addition to the amounts listed in clause 7.2 to be debited to the
         account, in respect of the Business carried out in Australia (the
         AUSTRALIAN ACCOUNT), AMH shall cause the following amounts to be
         debited to the Australian Account at the end of each Quarter:

         (a)      a fee of $64,000 per annum (applied pro rata where a relevant
                  part or term of this Agreement is less than one year) to cover
                  the cost of administrative support services provided by AMH in
                  respect of the Business; and

         (b)      an amount equal to 4.7% of AMH's costs for that Quarter
                  (without mark up) of running its Documentation and Treasury
                  departments (to cover the cost of services provided by those
                  departments in respect of the Business).

7.4      CREDITED AMOUNTS

         AMH shall cause the amounts payable under invoices issued to the
         purchasers of the Products to be credited to the accounts kept in
         respect of the Business for each jurisdiction.

7.5      ANNUAL REVIEW OF DEBITED AMOUNTS

         (a)      Parties to agree

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                  Prior to the commencement of the second Year and each
                  subsequent Year the parties shall use their best endeavours to
                  agree on the amounts payable under clause 7.3(a) and 7.3(b)
                  (the AMOUNTS) for the forthcoming year.

         (b)      If parties cannot agree

                  If the parties fail to agree on the Amounts before the
                  commencement of the relevant Year then the matter will be
                  referred to PriceWaterhouseCoopers (Brisbane Office) (the
                  EXPERT) to be resolved by them acting as an expert.

                  The Expert's determination of the Amounts shall be binding.

         (c)      Amounts payable pending resolution

                  Whilst the determination of the Amounts is being resolved by
                  the Expert, debits shall continue to be made to the Australian
                  account at the rates charged the previous Year for such items.

         (d)      Expert's determination and adjustments

                  If the Amounts agreed or determined exceed the Amounts payable
                  under clauses 7.3(a) and 7.3(b) then AMH may deduct the
                  difference from the Australian Account.

                  If the Amount agreed or determined is less than the amounts
                  debited under clauses 7.3(a) and 7.3(b), then AMH must credit
                  the Australian Account by the amount of the difference.

         (e)      Cost of Expert

                  The parties must share the costs, fees and expenses of the
                  Expert equally.

8.       FEES

8.1      FEES

         In consideration of making available the Key Persons, AMH shall pay to
         CTG the Base Fee and the Bonus Fee in accordance with clause 8.6.

8.2      BASE FEE

         (a)      The Base Fee is the total Salary Amount notified to AMH by CTG
                  pursuant to clause 8.2(c) during the relevant Quarter, less
                  the Adjustment (if any) calculated pursuant to paragraph (b),
                  provided however, that the Base Fee cannot be less than zero.

         (b)      The Adjustment is, in respect of each Quarter of each Year, an
                  amount equal to half of the loss for that year to date less
                  any previous Adjustment payments made in relation to that
                  Year.

         (c)      At the end of each Month CTG shall notify AMH of the Salary
                  Amount.

8.3      BONUS FEE

         The Bonus Fee is, in respect of each Quarter of each Year, an amount
         equal to half of the profit for that Year to date less any previous
         Bonus Fee payments made in relation to that Year.

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8.4      INTERIM PROFIT OR LOSS STATEMENTS

         Within 7 days of the end of each Month, AMH will deliver to CTG a
         statement showing the profit or loss (as the case may be) for the
         preceding Month containing sufficient particulars to enable CTG to
         verify the profit or loss (as the case may be) for that Month.

8.5      PROFITS OR LOSSES FOR EACH YEAR

         Within 7 days of the expiry of each Year, AMH will deliver to CTG a
         statement showing the Profit or Loss (as the case may be) for that Year
         containing sufficient particulars to enable CTG to verify the Profit or
         Loss (as the case may be) for that Year.

8.6      PAYMENT OF FEES

         Within 10 days of the expiry of each Quarter, AMH shall pay to CTG the
         Base Fee and the Bonus Fee.

9.       AUDIT

9.1      ACCESS TO RECORDS

         AMH will, upon reasonable notice by CTG, permit CTG or any other person
         that CTG may from time to time nominate by notice to AMH, to inspect
         the accounts and records kept by AMH in relation to the Business for
         the purpose of auditing any statement given pursuant to clause 8.4 or
         clause 8.5. The cost of any such audit shall be borne by CTG; provided
         however, that if such audit reveals a different amount of Profit or
         Loss for the Business, requiring additional amounts to be paid by AMH
         to CTG under clause 9.2, then AMH and CTG shall each pay one half (1/2)
         the cost of such audit.

9.2      DISCREPANCIES DISCLOSED BY AUDIT

         If the audit conducted pursuant to clause 9.1 reveals that a different
         amount of Profit or Loss (as the case may be) was generated by the
         Business during the Year than that shown in the statement given
         pursuant to clause 8.5, the amount payable under clause 8.6 will be
         varied accordingly as if the Profit or Loss (as the case may be)
         revealed by the audit was the Profit of Loss shown in that statement.

10.      GST

         Subject to clause 10.7, the following definitions shall apply in this
         clause:

         CONSIDERATION has the meaning given by the GST Law.

         GST has the meaning given by the GST Law.

         GST AMOUNT means in relation to a Supply the amount of GST payable in
         respect of that Supply.

         GST GROUP has the meaning given by the GST Law.

         GST LAW has the meaning given by the A New Tax System (Goods and
         Services Tax) Act 1999 (Cth), or, if that Act does not exist means any
         Act imposing or relating to the imposition or administration of a goods
         and services tax in Australia and any regulation made under that Act.

--------------------------------------------------------------------------------
                                                                         Page 10
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BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

         INPUT TAX CREDIT has the meaning given by the GST Law and a reference
         to an input Tax Credit entitlement of a party includes an Input Tax
         Credit for an acquisition made by that party but to which another
         member of the same GST Group is entitled under the GST Law.

         INVOICE has the meaning given by the GST Law.

         SUPPLY has the meaning given to the term Taxable Supply by the GST Law
         excluding the reference to section 84-5 of the A New Tax System (Goods
         and Services Tax) Act 1999 (Cth).

10.1     GST TO BE ADDED TO AMOUNTS PAYABLE

         If GST is payable on a Supply made under, by reference to or in
         connection with this Agreement, the party providing the Consideration
         for that Supply must also pay the GST Amount as additional
         Consideration. This clause does not apply to the extent that the
         Consideration for the Supply is expressly stated to be GST inclusive.

10.2     LIABILITY NET OF GST

         Any reference in the calculation of Consideration or of any indemnity,
         reimbursement or similar amount to a cost, expense or other liability
         incurred by a party, must exclude the amount of any Input Tax Credit
         entitlement of that party in relation to the relevant cost, expense or
         other liability. A party will be assumed to have an entitlement to a
         full Input Tax Credit unless it demonstrates otherwise prior to the
         date on which the Consideration must be provided.

10.3     TIMING OF THE PAYMENT OF THE GST AMOUNT

         Subject to having first received a Tax Invoice, the GST Amount is
         payable at the same time as the consideration for the Supply.

10.4     REVENUE EXCLUSIVE OF GST

         Any reference in this Agreement to price, value, sales, revenue or a
         similar amount (REVENUE), is a reference to that Revenue exclusive of
         GST.

10.5     COST EXCLUSIVE OF GST

         Any reference in this Agreement (other than in the calculation of
         Consideration) to cost, expense or other similar amount (COST), is a
         reference to that Cost exclusive of GST.

10.6     GST OBLIGATIONS TO SURVIVE TERMINATION

         This clause will continue to apply after expiration or termination of
         this Agreement.

10.7     APPLICATION TO NEW ZEALAND GST

         The provisions of this clause 10 shall apply with respect to the goods
         and services tax chargeable in accordance with the Goods and Services
         Tax Act (1985) (New Zealand) (the NZ ACT), save that for this purpose
         the terms Consideration, GST, Input Tax Credit, Supply and Tax Invoice
         shall have the meaning given to them in the NZ Act.

--------------------------------------------------------------------------------
                                                                         Page 11
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BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

11.      FORCE MAJEURE

         Neither CTG, CTGI nor AMH shall be liable for, or deemed to be in
         default under this Agreement or subject to any remedies of the other
         party as a result of, delays or performance failures due to power
         failures, fire, acts of God, acts of civil or military authority,
         embargoes, epidemics, terrorism, strikes, riots or similar causes
         beyond each party's reasonable control, and without fault or negligence
         of CTG, CTGI or AMH. Each party shall use reasonable efforts to
         minimize the impact of any force majeure condition it experiences on
         the other party to this Agreement and to otherwise keep the other party
         timely advised as to minimisation and removal of such conditions.

12.      NO CONSEQUENTIAL DAMAGES

         Subject to clause 14, in no event shall a party, or its related bodies
         corporate, or its affiliates or their respective officers, directors,
         representatives and employees be liable to the other party or its
         related bodies corporate, or its affiliates or their respective
         officers, directors, representatives and employees, whether based in
         contract, tort, warranty, or any other legal or equitable grounds, for
         any loss of the income, profit or savings or cost of capital or
         financing of the other party or its affiliates for any indirect,
         incidental or consequential damages or for any exemplary, special or
         punitive damages of any kind, resulting from or relating to this
         Agreement or the products delivered hereunder, even if the other party
         has been advised of the possibility of such damages.

13.      RELATIONSHIP OF THE PARTIES

13.1     NO PARTNERSHIP

         (a)      This Agreement shall not be interpreted as constituting:

                  (i)      the relationship of CTG, CTGI and AMH as a
                           partnership, quast-partnership, association or any
                           other relationship in which one or more of CTG, CTGI
                           and AMH may (except as specifically provided for in
                           this Agreement) be liable generally for the acts or
                           omissions of any other party; or

                  (ii)     CTG, CTGI or AMH as the general agent or
                           representative of one another with the exception of
                           any powers of attorney specifically granted or
                           contemplated by this Agreement.

         (b)      In particular, but without limitation, neither CTG, CTGI nor
                  AMH has the authority to pledge or purport to pledge the
                  credit of the other or to make or give (or purport to make or
                  give) any representations, warranties or undertakings for or
                  on behalf of the other.

14.      INDEMNITY

         AMH shall indemnify and hold CTG and CTGI harmless from and against any
         and all costs, liabilities, losses, claims, actions, suits, proceedings
         or demands whatsoever (including legal fees and costs on a full
         indemnity basis) which may be brought or commenced against CTG or CTGI,
         its related bodies corporate, its affiliates, its officers, directors,
         employees or agents in connection with or arising in any way out of the
         Products of AMH's use of the Business Name or the Trade Mark, and for
         any breach of AMH's obligations hereunder.

--------------------------------------------------------------------------------
                                                                         Page 12
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

15.      RECALL OF PRODUCTS

         AMH, CTG and CTGI agree to promptly communicate about any condition or
         event that could result in a recall of the Products. In the event AMH,
         CTGI or CTG determines that a recall is required, in whole or in part,
         of any of the Products. AMH agrees to cooperate fully with CTG in
         effecting any such recall of Products. To the extent practicable, CTG
         agrees to give AMH advance notice of any such recall and work with AMH
         to coordinate such recall and, consistent with CTG's responsibilities,
         to minimize the impact of such recall on AMH and CTG. AMH shall bear
         the cost of any such recall that arises under this Agreement, including
         any costs or damages incurred by CTG, CTGI or the purchasers of such
         Products.

16.      COMPLIANCE WITH LAW/TESTING

         AMH shall comply with all applicable laws and requirements when
         producing the Products, including all applicable permits, licenses,
         authorizations and accreditations. Notwithstanding any other provision
         of this Agreement, CTG and CTGI shall have no obligation to test or
         analyze any Product for conformance to Specifications or for any
         contamination, adulteration or other circumstances that may affect
         saleability.

17.      NOTICES

         Any notice, demand, consent or other communication (a Notice) given or
         made under this Agreement:

         (a)    must be in writing and signed by the sender or a person duly
                authorized by the sender;

         (b)    must be addressed and delivered to the intended recipient at
                the address or fax number below or the address or fax number
                last notified by the intended recipient to the sender after
                the date of this Agreement:

                (i)    to CTG:          ConAgra Trade Group Pty Ltd:
                                        Attention:    Duncan Macrae
                                                      Public Officer
                                                      15 Gough Street
                                                      Richmond, Victoria, 3121
                                                      Australia

                                        Fax No:       61 3 9425 2427

                (ii)   with a copy to   ConAgra Foods, Inc;
                                        Attention:    Corporate Controller
                                                      One ConAgra Drive
                                                      Omaha, Nebraska 68102-5001
                                                      United States of America
                                        Fax No:       402 595 4611

                (iii)  to CTGI          ConAgra Trade Group, Inc:

--------------------------------------------------------------------------------
                                                                         Page 13
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

                                          Attention:  Martin P Higgins
                                                      BVP SFO ConAgra Trade
                                                      Group, Inc
                                                      ConAgra Drive Ste 5022
                                                      Omaha
                                                      Nebraska, 68102-5022
                                                      United States of America
                                          Fax No:     402 595 7298

                  (iv)    with a copy     ConAgra Foods, Inc.
                  to                      Attention:  Corporate Controller
                                                      One ConAgra Drive
                                                      Omaha, Nebraska 68102-5001
                                                      United States of America
                                          Fax No:     402 595 4611

                  (v)     to AMH:         Australia Meat Holdings Pty Ltd;
                                          Attention:  Mr Ken Flanders
                                                      Company Secretary
                                                      175 Riverview Road
                                                      Dinmore, Queensland, 4304
                                                      Australia
                                          Fax No:     61 7 3282 3629

                  (vi)    to Swift:       Swift & Company:
                                          Attention:  General Counsel
                                                      1770 Promontory Circle
                                                      Greeley, CO 80634
                                                      United States of America
                                           Fax No:    970 506 8000

         (c)      will be taken to be duly given or made when (i) delivered
                  personally or (ii) sent by facsimile or reputable overnight
                  courier. Notice by mail shall be deemed received within five
                  (5) business days of mailing as provided herein. Notice by
                  facsimile shall be deemed received within twenty-four hours
                  (24) of transmittal of such facsimile. If delivery or receipt
                  occurs on a day that is not a business day in the place to
                  which the Notice is sent or is later than 4pm (local time) at
                  that place, it will be taken to have been duly given or made
                  at the commencement of business on the next business day in
                  that place.

18.      ENTIRE AGREEMENT

         This Agreement contains the entire agreement between the parties with
         respect to its subject matter. It sets out the only conduct relied on
         by the parties and supersedes all earlier conduct and prior agreements
         and understandings between the parties in connection with its subject
         matter.

19.      ASSIGNMENT

         Neither party may assign the Agreement or any of its rights and
         obligations under this Agreement, without the prior written consent of
         the other party, provided however that to the extent required by

--------------------------------------------------------------------------------
                                                                         Page 14
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

         AMH's senior lenders, the parties shall execute and deliver such
         documents as may be necessary to effect a collateral assignment of the
         rights arising hereunder.

20.      NO WAIVER

         No failure to exercise nor any delay in exercising any right, power or
         remedy under this Agreement operates as a waiver. A single or partial
         exercise or waiver of the exercise of any right, power or remedy does
         not preclude any other or further exercise of that or any other right,
         power or remedy. A waiver is not valid or binding on the party granting
         that waiver unless made in writing.

21.      FURTHER ASSURANCES

         Each party must do anything (including executing agreements and
         documents) necessary or desirable to give full effect to this Agreement
         and the transactions contemplated by it.

22.      NO MERGER

         The rights and obligations of the parties will not merge on the
         completion of any transaction contemplated by this Agreement. They
         will survive the execution and delivery of any assignment or other
         document entered into for the purpose of implementing a transaction.

23.      GOVERNING LAW AND JURISDICTION

         This Agreement is governed by the laws of Queensland. Each party
         submits to the jurisdiction of courts exercising jurisdiction there,
         and waives any right to claim that those courts are an inconvenient
         forum.

24.      COUNTERPARTS

         This Agreement may be executed in any number of counterparts. All
         counterparts together will be taken to constitute one instrument.

--------------------------------------------------------------------------------
                                                                         Page 15

<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

EXECUTED in

EXECUTED by CONAGRA TRADE GROUP PTY LTD:

/s/ GREGORY A. HECKMAN
--------------------------------                --------------------------------
Director Signature                              Director/Secretary Signature

Gregory A. Heckman
--------------------------------                --------------------------------
Print Name                                      Print Name

EXECUTED by AUSTRALIA MEAT HOLDINGS PTY
LIMITED:

/s/ PETER WHITE                                 /s/ KEN FLANDERS
--------------------------------                --------------------------------
Director Signature                              Secretary Signature

Peter White                                     Ken Flanders
--------------------------------                --------------------------------
Print Name                                      Print Name

EXECUTED by CONAGRA TRADE GROUP, INC:

/s/ GREGORY A. HECKMAN
--------------------------------                --------------------------------
Director Signature                              Director/Secretary Signature

Gregory A. Heckman
--------------------------------                --------------------------------
Print Name                                      Print Name

--------------------------------------------------------------------------------
                                                                         Page 16

<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

SCHEDULE 1 - PRICES

Prices notified to AMH by CTG will be calculated as follows:

o        Australian meat and bone meal will be priced on a Delivered (Brisbane)
         Container Terminal (DCT) basis;

o        Australian blood meal will be priced on an "ex piant" basis;

o        Australian tallow for Dinmore and Beef City will be priced on a
         delivered tank farm basis in Brisbane;

o        all tallow products for Rockhampton and Townsville will be priced on an
         FOB basis with full cost recovery for movement from ex works to FOB;

o        all Prices are to be calculate on a GST exclusive basis;

o        the Price for Products purchased from third parties for the purpose of
         onsale shall be the actual purchase price paid by AMH without markup.

Pricing for Products produced by AMH at the Facilities will be as follows:

Bloodmeal

Dinmore                    Market Price ex-Dinmore plant

Beef City                  "***" Dinmore price*

Rockhampton                "***" Dinmore price*

Townsville                 Even Dinmore Price*

Meat and Bone Meal

Dinmore, Beef City and Rockhampton are priced off the Market Price DCT Brisbane
for the relevant specification. Townsville to receive "***" than that price. The
Townsville prices reflect ocean freight differentials as at the Commencement
Date and are to be reviewed at the end of each Quarter pursuant to clause 6.3.

Ex Works Credits

Meat and Bone Meal

As the pricing arrangement is on a delivered basis, tonnage that is sold on an
ex works basis (domestic) will be debited back to the accounts kept in respect
of the Business at the end of each Quarter as follows:

Dinmore Credit             "***"

Beef City Credit           "***"

Rockhampton Credit         "***"

Townsville                 "***"

These reflect actual inland freight differentials exclusive of GST as at the
Commencement Date and are to be reviewed at the end of each Quarter pursuant to
clause 6.3.

Bloodmeal

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                                                                         Page 17

<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

As the Bloodmeal price is on an ex works basis, if blood meal is exported, the
delivery charges will be debited back to the accounts kept in respect of the
Business at the end of each Quarter as follows:

Dinmore Debit              "***"

Beef City Debit            "***"

Rockhampton Debit          "***"

Townsville Debit           "***"

These reflect actual inland freight differentials exclusive of GST as at the
Commencement Date and are to be reviewed Quarterly pursuant to clause 6.3.

All Tallow Products

For Dinmore, Beef City, Rockhampton and Townsville price off the Market Price
Delivered Brisbane for the relevant specification.

In regard to the delivery of Tallow within Australia, the accounts kept in
respect of the Business will be debited for transport costs in excess of
transport costs to Brisbane. Such transport rates will be considered a freight
differential and will be reviewed Quarterly pursuant to clause 6.3.

--------------------------------------------------------------------------------
                                                                         Page 18

<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

SCHEDULE 2 - SPECIFICATIONS

PRODUCT SPECIFICATIONS

<Table>
<S>                                 <C>                         <C>
Bloodmeal                           Crude protein not less than         85%

                                    Crude fibre not more than            3%

                                    Moisture not to exceed              12%

Meat and bone meal (50%)            Crude protein not less than         50%

                                    Crude fat not more than             12%

                                    Crude fibre not more than            3%

                                    Phosphorous not less than            4%

                                    Calcium not more than               12%

                                    Moisture not more than              10%

Meat and bone meal (45%)            Crude protein not less than         45%

                                    Crude fat not more than             12%

                                    Crude fibre not more than            3%

                                    Phosphorous not less than            4%

                                    Calcium not more than               12%

                                    Moisture not more than              10%

Meat and bone meal (40%)            Crude protein not less than         40%

                                    Crude fat not more than             10%

                                    Crude fibre not more than            3%

                                    Phosphorous not less than            6%

                                    Calcium not more than               15%

                                    Moisture not more than              10%

Edible tallow                       FFA not to exceed                  .75%

                                    FAC not to exceed                9 max

                                    MIU not to exceed             .25% max

Inedible tallow (prime)             FFA not to exceed               1% max

                                    FAC not to exceed              11A max

                                    MIU not to exceed               1% max

                                    Bleach not to exceed        .5 red max

                                    Titre                       42 deg min
</Table>

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                                                                          Page 1
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

Anti/Post mortem tallow          Must pass post mortem inspection

                                 FFA not to exceed                       1% max

                                 FAC not to exceed                      11A max

                                 MIU not to exceed                       1% max

                                 Bleach not to exceed                .5 red max

                                 Titre                               42 deg min

Save-all tallow                  FFA not to exceed                      55% max

--------------------------------------------------------------------------------
                                                                          Page 2
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

SCHEDULE 3 - FORM 5

--------------------------------------------------------------------------------
                                                                          Page 3
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

SCHEDULE 4 - BID SHEETS

WEEKLY BID SHEET

CTG RENDERED PRODUCTS

TALLOW                                     DATE:

<Table>
<Caption>
  Plant         Commodity       (month)   Tonnage   Contract   (month)  Tonnage  Contract   (month)   Tonnage   Contract
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------
<S>          <C>                <C>       <C>       <C>        <C>      <C>      <C>        <C>       <C>       <C>
Dinmore      Edible/Anti post
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------
Dinmore      Inedible tallow
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------

Beef City    Anti post
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------
Beef City    Inedible tallow
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------

Rockhampton  Inedible tallow
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------

Townsville   Edible tallow
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------
Townsville   Inedible tallow
-----------  -----------------  -------   -------   --------   -------  -------  --------   -------   -------   --------
</Table>
Dollar @

MARKET COMMENTS:

--------------------------------------------------------------------------------
                                                                          Page 4

<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

WEEKLY BID SHEET

CTG RENDERED PRODUCTS

PROTEINS                                DATE:

<Table>
<Caption>
Plant           Commodity       [month]  Tonnage   Contract  [month]  Tonnage   Contract  [month]  Tonnage   Contract
-----------     ---------       -------  -------   --------  -------  -------   --------  -------  -------   --------
<S>             <C>             <C>      <C>       <C>       <C>      <C>       <C>       <C>      <C>       <C>
Dinmore         50% MBM DCT
Dinmore         40% MBM
Dinmore         Bloodmeal

Beef City       45% MBM DCT
Beef City       Bloodmeal

Rockhampton     45% MBM DCT
Rockhampton     Bloodmeal

Townsville      50% MBM DCT
Townsville      Bloodmeal DCT
</Table>

Dollar@

MARKET COMMENTS:

--------------------------------------------------------------------------------
                                                                          Page 5

<PAGE>
PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------
SCHEDULE 5- MONTHS, QUARTERS AND YEARS

<Table>
<Caption>
MONTHS
-------------------------------------------------
MONTH   FIRST DAY OF MONTH      LAST DAY OF MONTH
-----   ------------------      -----------------
<S>     <C>                     <C>
1             28-May-2003             22-Jun-2003
2             23-Jun-2003             20-Jul-2003
3             21-Jul-2003             24-Aug-2003
4             25-Aug-2003             21-Sep-2003
5             22-Sep-2003             19-Oct-2003
6             20-Oct-2003             23-Nov-2003
7             24-Nov-2003             21-Dec-2003
8             22-Dec-2003             18-Jan-2004
9             19-Jan-2004             22-Feb-2004
10            23-Feb-2004             21-Mar-2004
11            22-Mar-2004             18-Apr-2004
12            19-Apr-2004             30-May-2004
13            31-May-2004             27-Jun-2004
14            28-Jun-2004             25-Jul-2004
15            25-Jul-2004             29-Aug-2004
16            30-Aug-2004             26-Sep-2004
17            27-Sep-2004             24-Oct-2004
18            25-Oct-2004             28-Nov-2004
19            29-Nov-2004             26-Dec-2004
20            27-Dec-2004             23-Jan-2005
21            24-Jan-2005             27-Feb-2005
22            28-Feb-2005             27-Mar-2005
23            28-Mar-2005             24-Apr-2005
24            25-Apr-2005             28-May-2005
25            30-May-2005             26-Jun-2005
26            27-Jun-2005             24-Jul-2005
27            25-Jul-2005             28-Aug-2005
28            29-Aug-2005             25-Sep-2005
</Table>

<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

<Table>
<Caption>
-------------------------------------------------
MONTH   FIRST DAY OF MONTH      LAST DAY OF MONTH
-----   ------------------      -----------------
<S>     <C>                     <C>
29             26-Sep-2005            23-Oct-2005
30             24-Oct-2005            27-Nov-2005
31             28-Nov-2005            26-Dec-2005
32             26-Dec-2005            22-Jan-2006
33             23-Jan-2006            26-Feb-2006
34             27-Feb-2006            26-Mar-2006
35             27-Mar-2006            23-Apr-2006
36             24-Apr-2006            28-May-2006
37             29-May-2006            25-Jun-2006
38             26-Jun-2006            23-Jul-2006
39             24-Jul-2006            27-Aug-2006
40             28-Aug-2006            24-Sep-2006
41             25-Sep-2006            22-Oct-2006
42             23-Oct-2006            26-Nov-2006
43             27-Nov-2006            24-Dec-2006
44             25-Dec-2006            21-Jan-2007
45             22-Jan-2007            25-Feb-2007
46             26-Feb-2007            26-Mar-2007
47             26-Mar-2007            22-Apr-2007
48             23-Apr-2007            27-May-2007
49             28-May-2007            24-Jun-2007
50             25-Jun-2007            22-Jul-2007
51             23-Jul-2007            28-Aug-2007
52             27-Aug-2007            23-Sep-2007
53             24-Sep-2007            21-Oct-2007
54             22-Oct-2007            25-Nov-2007
55             26-Nov-2007            23-Dec-2007
56             24-Dec-2007            20-Jan-2008
57             21-Jan-2008            24-Feb-2008
58             25-Feb-2008            23-Mar-2008
59             24-Mar-2008            20-Apr-2008
60             21-Apr-2008            25-May-2008
</Table>
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

<Table>
<Caption>
-------------------------------------------------
MONTH   FIRST DAY OF MONTH      LAST DAY OF MONTH
-----   ------------------      -----------------
<S>     <C>                     <C>
61             26-May-2008            22-Jun-2008
62             23-Jun-2008            20-Jul-2008
63             21-Jul-2008            24-Aug-2008
64             25-Aug-2008            21-Sep-2008
65             22-Sep-2008            19-Oct-2008
66             20-Oct-2008            23-Nov-2008
67             24-Nov-2008            21-Dec-2008
68             22-Dec-2008            18-Jan-2009
69             19-Jan-2009            22-Feb-2009
70             23-Feb-2009            22-Mar-2009
71             23-Mar-2009            19-Apr-2009
72             20-Apr-2009            31-May-2009
</Table>

<Table>
<Caption>
QUARTERS
-----------------------------------------------------------
QUARTERS        FIRST DAY OF QUARTER    LAST DAY OF QUARTER
--------        --------------------    -------------------
<S>             <C>                     <C>
1                        26-May-2003            24-Aug-2003
2                        25-Aug-2003            23-Nov-2003
3                        24-Nov-2003            22-Feb-2004
4                        23-Feb-2004            30-May-2004
5                        31-May-2004            29-Aug-2004
6                        30-Aug-2004            28-Nov-2004
7                        29-Nov-2004            27-Feb-2005
8                        28-Feb-2005            29-May-2005
9                        30-May-2005            28-Aug-2005
10                       29-Aug-2005            27-Nov-2005
11                       28-Nov-2005            26-Feb-2006
12                       27-Feb-2006            28-May-2006
13                       29-May-2006            27-Aug-2006
14                       28-Aug-2006            28-Nov-2006
15                       27-Nov-2006            25-Feb-2007
16                       26-Feb-2007            27-May-2007
17                       28-May-2007            26-Aug-2007
</Table>
<PAGE>
BY-PRODUCTS MARKETING AGREEMENT
--------------------------------------------------------------------------------

<Table>
<Caption>
<S>             <C>                     <C>
18                       27-Aug-2007            25-Nov-2007
19                       26-Nov-2007            24-Feb-2008
20                       25-Feb-2008            25-May-2008
21                       26-May-2008            24-Aug-2008
22                       25-Aug-2008            23-Nov-2008
23                       24-Nov-2008            22-Feb-2009
24                       23-Feb-2009            31-May-2009
</Table>

<Table>
<Caption>
YEARS
-----------------------------------------------------------
YEARS           FIRST DAY OF YEAR          LAST DAY OF YEAR
-----           ------------------         ----------------
<S>             <C>                        <C>
1                      26-May-2003              30-May-2004
2                      31-May-2004              29-May-2005
3                      30-May-2005              28-May-2006
4                      29-May-2007              27-May-2007
5                      28-May-2007              25-May-2008
6                      26-May-2008              31-May-2009
</Table>EXHIBIT 10.41

                                 AMENDMENT NO. 3

                         Dated as of September 26, 2003

                                       to

                           RECEIVABLES LOAN AGREEMENT

                          Dated as of February 27, 2003

                  THIS AMENDMENT NO. 3 (this "Amendment") dated as of September
26, 2003, is entered into by and among (i) TRW AUTOMOTIVE GLOBAL RECEIVABLES
LLC, a Delaware limited liability company (the "Borrower"), (ii) the "Conduit
Lenders" identified on the signature pages hereto, (iiii) the "Committed
Lenders" identified on the signature pages hereto, (iv) the "Funding Agents"
identified on the signature pages hereto and (v) JPMORGAN CHASE BANK, as
administrative agent (the "Administrative Agent").

                             PRELIMINARY STATEMENTS

                  A. Reference is made to the Receivables Loan Agreement dated
as of February 27, 2003 among the Borrower, the "Conduit Lenders", "Committed
Lenders" and "Funding Agents" from time to time parties thereto and the
Administrative Agent (as amended prior to the date hereof, the "Receivables Loan
Agreement"). Capitalized terms used and not otherwise defined herein shall have
the meanings ascribed to them in the Receivables Loan Agreement.

                  B. The parties hereto have agreed to amend the Receivables
Loan Agreement on the terms and conditions hereinafter set forth.

                  NOW, THEREFORE, in consideration of the premises set forth
above, and other good and valuable consideration the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:

                  SECTION 1. Amendment. Subject to the satisfaction of the
conditions precedent set forth in Section 2 below, Section 7.01(k) the
Receivables Loan Agreement is amended and restated in its entirety to read as
follows:

                  "(k) the average Dilution Ratio for any three consecutive
Calculation Periods exceeds 4.00%; or"

                  SECTION 2. Conditions Precedent. This Amendment shall become
effective as of the date (the "Effective Date") which is the later to occur of
(i) September 26, 2003 and (ii) the date on which the Administrative Agent shall
have received a copy of this Amendment duly executed by the Borrower, the
Collection Agent, the Administrative Agent and the Required Committed Lenders.

                  SECTION 3. Reference to and Effect on the Receivables Loan
Agreement.

                  3.1 Upon the effectiveness of this Amendment, each reference
in the Receivables Loan Agreement to "this Agreement," "hereunder," "hereof,"
"herein," "hereby" or words of like import shall mean and be a reference to the
Receivables Loan Agreement as amended hereby, and each reference to the
Receivables Loan Agreement in any other document, instrument and agreement
executed and/or delivered in connection with the Receivables Loan Agreement
shall mean and be a reference to the Receivables Loan Agreement as amended
hereby.

                  3.2 Except as specifically amended hereby, the Receivables
Loan Agreement, the other Transaction Documents and all other documents,
instruments and agreements executed and/or delivered in connection therewith
shall remain in full force and effect and are hereby ratified and confirmed.

                  3.3 The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of any
Lender, any Funding Agent or the Administrative Agent under the Receivables Loan
Agreement, the Transaction Documents or any other document, instrument, or
agreement executed in connection therewith, nor constitute a waiver of any
provision contained therein.

                  3.4 The Borrower represents that this Amendment has been duly
authorized, executed and delivered by it pursuant to its limited liability
company powers and constitutes its legal, valid and binding obligation.

                  SECTION 4. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

                  SECTION 5. Execution in Counterparts. This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed and delivered shall be
deemed to be an original and all of which taken together shall constitute but
one and the same instrument. Delivery of an executed counterpart of this
Amendment by facsimile shall be effective as delivery of a manually executed
counterpart of this Amendment.

                  SECTION 6. Headings. Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose.

                                       2

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

                                        TRW AUTOMOTIVE GLOBAL RECEIVABLES LLC,
                                        as Borrower

                                        By: /s/ Peter R. Rapin
                                            ----------------------------------
                                            Name:  Peter R. Rapin
                                            Title: Vice President, Treasury &
                                                   Tax

                       Signature Page to Amendment No. 3

                                        DELAWARE FUNDING CORPORATION,
                                        as a Conduit Lender

                                        By: JPMorgan Chase Bank as attorney-in-
                                        fact for Delaware Funding Corporation

                                        By: /s/ Bradley S. Schwartz
                                            ----------------------------------
                                            Name:  Bradley S. Schwartz
                                            Title: Managing Director

                                        JPMORGAN CHASE BANK,
                                        as a Funding Agent

                                        By: /s/ Christopher Lew
                                            ----------------------------------
                                            Name:  Christopher Lew
                                            Title: Assistant Vice President

                                        JPMORGAN CHASE BANK,
                                        as a Committed Lender

                                        By: /s/ Bradley S. Schwartz
                                            ----------------------------------
                                            Name:  Bradley S. Schwartz
                                            Title: Managing Director

                       Signature Page to Amendment No. 3

                                        ALPINE SECURITIZATION CORP.,
                                        as a Conduit Lender

                                        By:  Credit Suisse First Boston,
                                        New York Branch, as Attorney-in-Fact

                                        By: /s/ Joseph Soave
                                            ----------------------------------
                                            Name:  Joseph Soave
                                            Title: Vice President

                                        By: /s/ Mark Lengel
                                            ----------------------------------
                                            Name:  Mark Lengel
                                            Title: Director

                                        CREDIT SUISSE FIRST BOSTON,
                                        NEW YORK BRANCH,
                                        as a Funding Agent

                                        By: /s/ Anthony Giordano
                                            ----------------------------------
                                            Name:  Anthony Giordano
                                            Title: Director

                                        By: /s/ Alberto Zonca
                                            ----------------------------------
                                            Name:  Alberto Zonca
                                            Title: Vice President

                                        CREDIT SUISSE FIRST BOSTON,
                                        NEW YORK BRANCH,
                                        as a Committed Lender

                                        By: /s/ Anthony Giordano
                                            ----------------------------------
                                            Name:  Anthony Giordano
                                            Title: Director

                                        By: /s/ Alberto Zonca
                                            ----------------------------------
                                            Name:  Alberto Zonca
                                            Title: Vice President

                       Signature Page to Amendment No. 3

                                        RM MULTI-ASSET LIMITED,
                                        as a Conduit Lender

                                        By: /s/ Adrian J. Masterson
                                            ----------------------------------
                                            Name:  Adrian J. Masterson
                                            Title: Director

                                        DEUTSCHE BANK AG, LONDON,
                                        as a Funding Agent

                                        By: /s/ Jaime Pratt
                                            ----------------------------------
                                            Name:  Jaime Pratt
                                            Title: Vice President

                                        By: /s/ Sebastian Ottmann
                                            ----------------------------------
                                            Name:  Sebastian Ottmann
                                            Title: Vice President

                                        RM MULTI-ASSET LIMITED,
                                        as a Committed Lender

                                        By: /s/ Adrian J. Masterson
                                            ----------------------------------
                                            Name:  Adrian J. Masterson
                                            Title: Director

                       Signature Page to Amendment No. 3

                                        LIBERTY STREET FUNDING CORP.,
                                        as a Conduit Lender

                                        By: /s/ Frank B. Bilotta
                                            ----------------------------------
                                            Name:  Frank B. Bilotta
                                            Title: Vice President

                                        THE BANK OF NOVA SCOTIA,
                                        as a Funding Agent

                                        By: /s/ J. Alan Edwards
                                            ----------------------------------
                                            Name:  J. Alan Edwards
                                            Title: Managing Director

                                        THE BANK OF NOVA SCOTIA,
                                        as a Committed Lender

                                        By: /s/ J. Alan Edwards
                                            ----------------------------------
                                            Name:  J. Alan Edwards
                                            Title: Managing Director

                       Signature Page to Amendment No. 3

                                        THREE PILLARS FUNDING CORPORATION,
                                        as a Conduit Lender

                                        By: /s/ Evelyn Echevarria
                                            ----------------------------------
                                            Name:  Evelyn Echevarria
                                            Title: Vice President

                                        SUNTRUST CAPITAL MARKETS, INC.,
                                        as a Funding Agent

                                        By: /s/ James Bennison
                                            ----------------------------------
                                            Name:  James Bennison
                                            Title: Managing Director

                                        SUNTRUST BANK,
                                        as a Committed Lender

                                        By: /s/ William Humphries
                                            ----------------------------------
                                            Name:  William Humphries
                                            Title: Director

                       Signature Page to Amendment No. 3

                                        BEETHOVEN FUNDING CORPORATION,
                                        as a Conduit Lender

                                        By: /s/ Matthew M. Dorr
                                            ----------------------------------
                                            Name:  Matthew M. Dorr
                                            Title: Vice President

                                        DRESDNER BANK AG, NEW YORK BRANCH,
                                        as a Funding Agent

                                        By: /s/ William Aguiar
                                            ----------------------------------
                                            Name:  William Aguiar
                                            Title: Director

                                        By: /s/ David Taylor
                                            ----------------------------------
                                            Name:  David Taylor
                                            Title: Associate

                                        DRESDNER BANK AG, NEW YORK BRANCH,
                                        as a Committed Lender

                                        By: /s/ William Aguiar
                                            ----------------------------------
                                            Name:  William Aguiar
                                            Title: Director

                                        By: /s/ David Taylor
                                            ----------------------------------
                                            Name:  David Taylor
                                            Title: Associate

                       Signature Page to Amendment No. 3

                                        EIFFEL FUNDING LLC,
                                        as a Conduit Lender

                                        By Global Securitization Services, LLC
                                        its Manager

                                        By: /s/ Andrew L. Stidd
                                            ----------------------------------
                                            Name:  Andrew L. Stidd
                                            Title: President

                                        CDC FINANCIAL PRODUCTS INC.,
                                        as a Funding Agent

                                        By: /s/ CDC Financial Products Inc.
                                            ----------------------------------
                                            Name: CDC Financial Products Inc.

                                        By: /s/ Kathy Lynch
                                            ----------------------------------
                                            Name:  Kathy Lynch
                                            Title: Director

                                        CDC FINANCIAL PRODUCTS INC.,
                                        as a Committed Lender

                                        By: /s/ CDC Financial Products Inc.
                                            ----------------------------------
                                            Name: CDC Financial Products Inc.

                                        By: /s/ Kathy Lynch
                                            ----------------------------------
                                            Name:  Kathy Lynch
                                            Title: Director

                       Signature Page to Amendment No. 3

                                        JPMORGAN CHASE BANK,
                                        as Administrative Agent

                                        By: /s/ Christopher Lew
                                            ----------------------------------
                                            Name:  Christopher Lew
                                            Title: Assistant Vice President

                       Signature Page to Amendment No. 3

ACKNOWLEDGED AND AGREED:
-----------------------

TRW AUTOMOTIVE U.S. LLC, as Collection Agent

By:  /s/  Peter R. Rapin
    -------------------------
Name:  Peter R. Rapin
Title: Vice President, Treasury & Tax

                       Signature Page to Amendment No. 3

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