Document:

Exhibit 4.7 (H)

 EXHIBIT 4.7(h) 
  
 March 31, 2004 
  
 Smithfield Foods, Inc. 
  
 To the Obligors party to the 
 Credit Agreement referred to 
 below 
  
 Ladies and Gentlemen: 
  
 We refer (i) to the Multi-Year Credit Agreement dated as of December 6, 2001
(the “Credit Agreement”) between Smithfield Foods, Inc. (the “Borrower”), the Subsidiary Guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, as administrative agent and (ii) the Consent
dated as of October 31, 2003 (the “Consent”) pursuant to which such lenders consented to the sale by the Borrower of all the issued and outstanding shares of Smithfield Canada Limited and 2004171 Ontario Inc. to Maple Leaf Foods,
Inc. 
  
 The Administrative Agent has been granted authority by
the Required Lenders (as defined in the Credit Agreement) to execute and deliver this letter. This letter constitutes the agreement of the Required Lenders and the Administrative Agent with the Borrower and the Subsidiary Guarantors party to the
Credit Agreement that the date by which the sale to Maple Leaf Foods, Inc., is to be finalized and all related cash consideration is to be received be extended from April 1, 2004 to April 30, 2004. Except as herein provided the Credit Agreement
shall remain unchanged and in full force and effect. 
  
  
  

			
	 Very truly yours,

	 
	 JPMORGAN CHASE BANK,
   as Administrative Agent

		
	By:	 	/s/    B.B. WUTHRICH        
	 Name:
 Title:
	 	 B. B. Wuthrich
 Vice President

  

 Accepted and agreed to 
 as
of the date first 
 written above by: 
  
 SMITHFIELD FOODS, INC. 
  

			
	By:	 	 /s/    Orville Lunking

	 Name:
	 	 Orville Lunking 

	 Title:
	 	 Treasurer 

  
 SUBSIDIARY
GUARANTORS 
  

			
	 CODDLE ROASTED MEATS, INC.
 GWALTNEY OF SMITHFIELD,
LTD.
 HANCOCK’S OLD FASHIONED
     COUNTRY HAM, INC.
	  	 THE OHIO FEED LOT, INC.
 SHOWCASE FOODS, INC.

KRAKUS FOODS INTERNATIONAL,
     INC.

	 IOWA QUALITY MEATS, LTD.
 JOHN MORRELL &
CO.
 LYKES MEAT GROUP, INC.
 MOYER PACKING COMPANY
 MURCO FOODS, INC.
	  	 By: /s/    Michael
Cole                                       
 
 Name: Michael Cole
 Title: Vice
President

	 NORTH SIDE FOODS CORP.
 PACKERLAND PROCESSING

    COMPANY, INC.
 PACKERLAND HOLDINGS, INC.

PATRICK CUDAHY
     INCORPORATED
 PREMIUM PORK, INC.
 QUIK-TO-FIX FOODS, INC.
 STADLER’S COUNTRY HAMS, INC.
 SUN LAND BEEF COMPANY
 SUNNYLAND, INC.
 THE SMITHFIELD COMPANIES,
     INC.
 THE SMITHFIELD PACKING
     COMPANY, INCORPORATED
 STEFANO FOODS, INC.

THE SMITHFIELD HAM AND
     PRODUCTS
COMPANY,
     INCORPORATED
 DAKOTA
ACQUISITION COMPANY
 JOHN MORRELL OF JAPAN, INC.
 MURPHY FARMS OF
TEXHOMA,
     INC.
	  	  
  
 BROWN’S OF CAROLINA, LLC
 CARROLL’S FOODS LLC
 CARROLL’S FOODS OF VIRGINIA
     LLC
 CENTRAL PLAINS FARMS LLC
 CIRCLE FOUR LLC
 MURPHY FARMS
LLC
 QUARTER M FARMS LLC
 MURPHY-BROWN HOLDINGS LLC,

    each a Delaware limited liability
     company
  
 By:   MURPHY-BROWN, LLC,
          a Delaware
limited liability
          company, as its sole member of

         each
  

  
  
  
  

  

			
	 By:     JOHN MORRELL
           & CO.,

		
	 	 	a Delaware corporation,
	 	 	as its sole member

  

			
	 
		
	 	 	/s/    Michael Cole        
	 	 	Name: Michael Cole
	 	 	Title: Vice President

  

			
	 MURPHY-BROWN LLC,
 a Delaware limited
liability company

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

  

			
	 	 	/s/    Michael Cole
	 	 	 Name: Michael Cole
 Title: Vice
President

  

			
	 GREAT LAKES CATTLE CREDIT
 COMPANY,
LLC,

	  a Delaware limited liability company,

  

			
	By:    PACKERLAND HOLDINGS, INC.,
	 	 	      a Delaware corporation,
      as its sole member

  

			
	 	 	/s/    Michael Cole
	 	 	 Name: Michael Cole
 Title: Vice
PresidentExhibit 4.8(G)

 EXHIBIT 4.8(g) 
  
 SMITHFIELD FOODS, INC. 
  
 AMENDMENT AGREEMENT NO. 4 
  
 As of March 25, 2004 
  
 To each of the Current Holders 
 listed in Annex 1 attached hereto 

 
 Ladies and Gentlemen: 
  
 Smithfield Foods, Inc., a Virginia corporation (together with its respective successors and assigns, the
“Issuer”) agrees with you as follows: 
  
 1. PRELIMINARY
STATEMENTS. 
  
 The Issuer issued and sold: 
  
 (a) Twenty-Five Million Dollars ($25,000,000) in aggregate
principal amount of Reset Rate Series O 5/10 Year Senior Secured Notes (as they may be amended, restated or otherwise modified from time to time, the “Series O Notes”); and 
  
 (b) Thirty Million Dollars ($30,000,000) in aggregate
principal amount of its Adjustable Rate Series P 5/10 Year Senior Secured Notes (as they may be amended, restated or otherwise modified from time to time, the “Series P Notes” and, together with the Series O Notes, collectively, the
“Notes”), 
  
 pursuant to those separate Note Purchase Agreements
each dated as of March 1, 2002 between the Issuer and the purchasers named in Annex 1 thereto (as amended by that certain Amendment Agreement No. 1, dated as of December 31, 2002, that certain Amendment Agreement No. 2, dated as of April 4, 2003 and
that certain Amendment Agreement No. 3, dated as of October 31, 2003, the “Existing Purchase Agreements”). The register kept by the Issuer for the registration and transfer of the Notes indicates that each of the Persons named in
Annex 1 hereto (collectively, the “Current Holders”) is currently a holder of the outstanding aggregate principal amount of the Notes as of the date hereof indicated in such Annex. 
  
 In connection with the Issuer’s agreement to sell its Canadian
subsidiaries to Maple Leaf Foods, Inc. (the “Transaction”), the Required Holders previously agreed to amend the Existing Purchase Agreements to exclude certain effects of the Transaction from certain of the restrictions set forth in
Section 6.15 of the Existing Purchase Agreements relating to Transfers of Property by the Issuer and its Subsidiaries. Such exclusion is contingent upon certain conditions, including the consummation of the Transaction on or before April 1, 2004.
Due to pending regulatory approvals, the Issuer has requested that the Current Holders extend such date until April 30, 2004. 

	2.	DEFINED TERMS. 

  
 Capitalized terms used herein and not otherwise defined herein have the meanings ascribed to them in the Existing Purchase Agreements. 
  

	3.	AMENDMENT TO EXISTING PURCHASE AGREEMENTS. 

  
 The Required Holders and the Issuer hereby agree to amend clause (e) of the definition of “Smithfield Canada Transfer Conditions” set forth in
section 9.1 of the Existing Purchase Agreements by deleting the phrase, “such Transfer is consummated on or before April 1, 2004”, and substituting in its place the phrase, “such Transfer is consummated on or before April 30,
2004”. Such amendment is referred to herein as the “Amendment”. 
  

	4.	CONSENT. 

  
 The Required Holders hereby consent to the execution and delivery of amendments to those certain separate Amended and Restated Note Purchase Agreements,
dated as of October 31, 1999, between the Issuer and each of the purchasers listed on Annex 1 thereto, those certain separate Note Purchase Agreements, dated as of June 2, 2000 between the Issuer and each of the purchasers listed on Annex 1 thereto,
and those certain separate Amended and Restated Note Purchase Agreements, dated as of October 27, 1999, between the Issuer and each of the purchasers listed on Annex 1 thereto. Each such amendment shall be substantially in the form of this Amendment
Agreement. 
  

	5.	EXPENSES. 

  
 Whether or not the Amendment becomes effective, the Issuer will promptly (and in any event within thirty (30) days of receiving any statement or invoice
therefor) pay all fees, expenses and costs relating to this Amendment Agreement, including, but not limited to, the reasonable fees of your special counsel, Bingham McCutchen LLP, incurred in connection with the preparation, negotiation and delivery
of this Amendment Agreement and any other documents related thereto. Nothing in this Section 5 shall limit the Issuer’s obligations pursuant to Section 1.5 of the Existing Purchase Agreements. 
  

	6.	MISCELLANEOUS. 

  

	 	6.1.	Part of Existing Purchase Agreements; Future References, etc. 

  
 This Amendment Agreement shall be construed in connection with and as a part of the Existing Purchase Agreements and, except as expressly amended by this
Amendment Agreement, all terms, conditions and covenants contained in the Existing Purchase Agreements are hereby ratified and shall be and remain in full force and effect. Any and all notices, requests, certificates and other instruments executed
and delivered after the execution and delivery of this Amendment Agreement may refer to the Existing Purchase Agreements without making specific reference to this Amendment Agreement, but nevertheless all such references shall include this Amendment
Agreement unless the context otherwise requires. 
  

 2 

	 	6.2.	Counterparts. 

  
 This Amendment Agreement may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one
instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto. Delivery of a facsimile of an executed signature page hereto shall be effective as delivery of an
original. 
  

	 	6.3.	Governing Law. 

  
 THIS AMENDMENT AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE
COMMONWEALTH OF VIRGINIA EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH COMMONWEALTH THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH COMMONWEALTH. 
  
 [Remainder of page intentionally left blank. Next page is signature
page.] 
  

 3 

 If you are in agreement with the foregoing, please so indicate by signing the acceptance below on the
accompanying counterpart of this Amendment Agreement and returning it to the Issuer, whereupon it will become a binding agreement among you and the Issuer. 
  

			
	 SMITHFIELD FOODS, INC.

		
	 By :
	 	 /s/ Daniel G. Stevens

	 Name:
	 	 Daniel G. Stevens

	 Title:
	 	 Vice President and Chief Financial Officer

  

 [Signature Page to Amendment Agreement No. 4 (O-P)] 

 The foregoing Amendment Agreement is hereby accepted as of the date first above written. 
  

			
	 JOHN HANCOCK LIFE INSURANCE COMPANY

		
	 By:
	 	 /s/ Kenneth Warlick

	 Name:
	 	 Kenneth Warlick

	 Title:
	 	 Managing Director

	
	 JOHN HANCOCK VARIABLE LIFE INSURANCE COMPANY

		
	 By:
	 	 /s/ Kenneth Warlick

	 Name:
	 	 Kenneth Warlick

	 Title:
	 	 Authorized Signatory

	
	 INVESTORS PARTNER LIFE INSURANCE COMPANY

		
	 By:
	 	 /s/ Kenneth Warlick

	 Name:
	 	 Kenneth Warlick

	 Title:
	 	 Authorized Signatory

	
	 SIGNATURE 5 L.P.

	 By: John Hancock Life Insurance Company, as Portfolio Advisor

		
	 By:
	 	 /s/ Kenneth Warlick

	 Name:
	 	 Kenneth Warlick

	 Title:
	 	 Managing Director

	
	 COBANK, ACB

		
	 By:
	 	 /s/ Jim Stutzman

	 Name:
	 	 Jim Stutzman

	 Title:
	 	 Assistant Vice President

  

 [Signature Page to Amendment Agreement No. 4 (O-P)] 

 The undersigned consent to the Amendments effected by the foregoing Amendment Agreement. 
  
 CODDLE ROASTED MEATS, INC. 
 GWALTNEY OF SMITHFIELD, LTD. 
 HANCOCK’S OLD FASHIONED COUNTRY
HAM, INC. 
 IOWA QUALITY MEATS, LTD. 
 JOHN MORRELL
& CO. 
 LYKES MEAT GROUP, INC. 
 MOYER PACKING
COMPANY 
 NORTH SIDE FOODS CORP. 
 PACKERLAND
HOLDINGS, INC. 
 PACKERLAND PROCESSING COMPANY, INC. 
 PACKERLAND-PLAINWELL, INC. (f/k/a Murco Foods, Inc.) 
 PATRICK CUDAHY INCORPORATED 
 PREMIUM PORK, INC. 
 QUIK-TO-FIX FOODS, INC. 
 SFFC, INC. 
 SMITHFIELD PURCHASE CORPORATION (successor by merger to
Carroll’s Realty, Inc.) 
 STADLER’S COUNTRY HAMS, INC. 
 SUN LAND BEEF COMPANY 
 SUNNYLAND, INC. 
 THE SMITHFIELD COMPANIES, INC. 
 THE SMITHFIELD PACKING COMPANY INCORPORATED 
  
 MURPHY-BROWN LLC 

			
	 By:
	 	John Morrell & Co., as sole member

  
 MURPHY FARMS LLC 
 QUARTER M FARMS LLC 
 CARROLL’S FOODS OF VIRGINIA LLC

 CARROLL’S FOODS LLC 
 CIRCLE FOUR LLC

 CENTRAL PLAINS FARMS LLC 

			
	 BROWN’S OF CAROLINA LLC

	 By:
	 	Murphy-Brown LLC, as sole member
	 By:
	 	John Morrell & Co., as sole member
	
	 BROWN’S FARMS, LLC

	 By:
	 	Brown’s of Carolina LLC, as sole member
	 By:
	 	Murphy-Brown LLC, as sole member
	 By:
	 	John Morrell & Co., as sole member
	
	 CARROLL’S REALTY PARTNERSHIP

	 By:
	 	Smithfield Purchase Corporation, as general partner
	
	 SMITHFIELD PACKING REAL ESTATE, LLC

	 By:
	 	The Smithfield Packing Company Incorporated, as sole member
	
	 GREAT LAKES CATTLE CREDIT COMPANY, LLC

	 By:
	 	Packerland Holdings, Inc., as sole member

  

 [Signature Page to Amendment Agreement No. 4 (O-P)] 

			
	SMITHFIELD-CARROLL’S FARMS
	By:	 	Smithfield Purchase Corporation, as general partner
	
	BROWN’S REALTY PARTNERSHIP
	By:	 	Brown’s Farms, LLC, its partner
	By:	 	Brown’s of Carolina LLC, its sole member and manager
	By:	 	Murphy-Brown LLC, its sole member and manager
	By:	 	 John Morrell & Co., as sole member
 and

	By:	 	Smithfield Purchase Corporation, its partner
	
	SMITHFIELD PACKING REALTY PARTNERSHIP
	By:	 	Smithfield Packing Real Estate, LLC, its partner
	By:	 	 The Smithfield Packing Company, Incorporated, its sole member and manager
 and

	By:	 	Smithfield Purchase Corporation, its partner

  

			
	By:	 	 /s/ Daniel G. Stevens

	Name:	 	Daniel G. Stevens
	Title:	 	Vice President

  

 [Signature Page to Amendment Agreement No. 4 (O-P)] 

 ANNEX 1 
  
 CURRENT HOLDERS AND PRINCIPAL AMOUNTS 
 As of March 25, 2004 
  

							
	 Name of Current Holder

	  	Aggregate Principal
Amount of Series O
Notes Held

	  	Aggregate Principal
Amount of Series P
Notes Held

	 John Hancock Life Insurance Company
	  	$	15,833,333.08	  	$	-0-
	 John Hancock Variable Life Insurance Company
	  	$	624,999.99	  	$	-0-
	 Investors Partner Life Insurance Company
	  	$	208,333.33	  	$	-0-
	 Signature 5 L.P.
	  	$	4,166,666.60	  	$	-0-
	 CoBank, ACB
	  	$	-0-	  	$	25,000,000
	 	  	
	
	  	
	

	 Total
	  	$	20,833,333	  	$	25,000,000
	 	  	
	
	  	
	

  

 Annex 1

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