Document:

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                                                                   Exhibit 10.14

                   FIRST AMENDMENT TO NOTE PURCHASE AGREEMENTS

         THIS FIRST AMENDMENT, dated as of November 30, 2001 (the "AMENDMENT"),
to the separate Note Purchase Agreements, dated as of August 23, 2000, is among
The J.M. Smucker Company, an Ohio corporation (the "COMPANY"), and each of the
institutions which is a signatory to this Amendment (collectively, the
"PURCHASERS").

                                    RECITALS:

         A. The Company and each of the Purchasers have heretofore entered into
separate Note Purchase Agreements dated as of August 23, 2000 (collectively, as
amended and in effect immediately prior to the effectiveness of this Amendment,
the "EXISTING NOTE PURCHASE AGREEMENT"), pursuant to which the Company issued:
(a) $17,000,000 aggregate principal amount of its 7.70% Series A Senior Notes
due September 1, 2005 (the "SERIES A NOTES"), (b) $33,000,000 aggregate
principal amount of its 7.87% Series B Senior Notes due September 1, 2007 (the
"SERIES B NOTES"), and (c) $10,000,000 aggregate principal amount of its 7.94%
Series C Senior Notes due September 1, 2010 (the "SERIES C NOTES", and together
with the Series A Notes and the Series B Notes, collectively, the "NOTES").

         B. The Purchasers are the holders of all of the outstanding Notes.

         C. Capitalized terms used herein shall have the respective meanings
ascribed thereto in the Existing Note Purchase Agreement unless herein defined
or the context shall otherwise require.

         D. The Company and the Purchasers now desire to amend the Existing Note
Purchase Agreement in the respects, but only in the respects, hereinafter set
forth.

         E. All requirements of law have been fully complied with and all other
acts and things necessary to make this Amendment a legal, valid and binding
instrument according to its terms for the purposes herein expressed have been
done or performed.

         NOW THEREFORE, for good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the Company and the Purchasers do
hereby agree as follows:

1.       AMENDMENTS.

         1.1. AMENDMENT TO SCHEDULE B. The definition of "Change in Control"
appearing in Schedule B to the Existing Note Purchase Agreement is hereby
deleted in its entirety and replaced with the following:

         "CHANGE IN CONTROL" - means any of:

                           (a) (i) prior to the Merger, the failure of the
                  Smucker Family to hold, in the aggregate, not less than the
                  greater of: (A) 35% of the total voting power of all classes
                  of the Voting Stock of the Company; and (B) not less than
                  twice the amount of Ordinary Voting Power of all classes of
                  the Voting Stock of the Company possessed by the Largest Other
                  Shareholder; and

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                           (ii) effective as of the Merger, the failure of the
                  Smucker Family to hold, in the aggregate, not less than the
                  greater of (A) 10% of the Special Voting Power of all classes
                  of Voting Stock of the Company and (B) not less than the
                  amount of the Special Voting Power of all classes of the
                  Voting Stock of the Company possessed by the Largest Other
                  Shareholder, or

                           (iii) effective as of the Merger, the failure of the
                  Smucker Family to hold, in the aggregate, not less than the
                  greater of (A) 5% of the Ordinary Voting Power of all classes
                  of the Voting Stock of the Company and (B) not less than the
                  amount of Ordinary Voting Power of all classes of the Voting
                  Stock of the Company possessed by the Largest Other
                  Shareholder;

                  (b) all or substantially all of the assets of the Company are
         sold or otherwise transferred, in a single transaction or a series of
         related transactions, to any person (as such term is used in section
         13(d) and section 14(d)(2) of the Exchange Act as in effect on the date
         of the Closing) or related persons constituting a group (as such term
         is used in Rule 13d-5 under the Exchange Act as in effect on the date
         of the Closing); or

                  (c) if, for any reason whatsoever, either Timothy P. Smucker
         or Richard K. Smucker (or both) shall fail to serve on the board of
         directors of the Company at any time.

As used in this definition of "Change in Control", the following terms shall
have the following meanings:

(I)      "Largest Other Shareholder" means, with respect to either Voting Stock
         of the Company having Special Voting Power or Voting Stock of the
         Company having Ordinary Voting Power, the person (as such term is used
         in section 13(d) and section 14(d)(2) of the Exchange Act as in effect
         on the date of the Closing) or the related persons constituting a group
         (as such term is used in Rule 13d-5 under the Exchange Act as in effect
         on the date of the Closing), other than the Smucker Family, possessing
         Voting Stock of the Company with the greatest Special Voting Power or
         the greatest Ordinary Voting Power, as the case may be.

(II)     "Merger" means the closing of the transaction, and the filing of the
         certificate of merger as set forth in the Agreement and Plan of Merger,
         dated as of October 9, 2001, by and among the Company, The Proctor and
         Gamble Company, and The Proctor & Gamble Ohio Brands Company.

(III)    "Ordinary Voting Power" means the voting power attributable to all
         shares of Voting Stock of the Company for purposes of electing
         directors of the Company.

(IV)     "Special Voting Power" means the voting power attributable to those
         shares of Voting Stock of the Company entitled to the special voting
         rights set forth in Division II, Section 2(a) of the Amended Articles
         of Incorporation of the Company which will be in effect on the date of
         the Merger in the form attached hereto as Schedule C.

                                       2
<PAGE>

2.       NO OTHER MODIFICATIONS; CONFIRMATION.

         All the provisions of the Notes, and, except as expressly amended,
modified and supplemented hereby, all the provisions of the Existing Note
Purchase Agreement, are and shall remain in full force and effect. As of the
Effective Date (defined below), all references in the Notes to the "Note
Purchase Agreements" shall be references to the Existing Note Purchase
Agreement, as modified by this Amendment and as hereafter amended, modified or
supplemented in accordance with its terms.

3.       REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

         To induce the Purchasers to execute and deliver this Amendment (which
representations shall survive such execution and delivery), the Company
represents and warrants to the Purchasers that:

                  (a) the Company is a corporation duly organized, validly
         existing and in good standing under the laws of the state of Ohio;

                  (b) this Amendment has been duly authorized, executed and
         delivered by the Company and this Amendment constitutes a legal, valid
         and binding obligation, contract and agreement of the Company
         enforceable against it in accordance with its terms, except as
         enforcement may be limited by bankruptcy, insolvency, reorganization,
         moratorium or similar laws or equitable principles relating to or
         limiting creditors' rights generally;

                  (c) the Existing Note Purchase Agreement, as amended by this
         Amendment, constitutes the legal, valid and binding obligation,
         contract and agreement of the Company enforceable against it in
         accordance with its terms, except as enforcement may be limited by
         bankruptcy, insolvency, reorganization, moratorium or similar laws or
         equitable principles relating to or limiting creditors' rights
         generally;

                  (d) the execution, delivery and performance by the Company of
         this Amendment (i) has been duly authorized by all requisite corporate
         action and, if required, shareholder action, (ii) does not require the
         consent or approval of any governmental or regulatory body or agency,
         and (iii) will not (A) violate (1) any provision of law, statute, rule
         or regulation or its certificate of incorporation or bylaws, (2) any
         order of any court or any rule, regulation or order of any other agency
         or government binding upon it, or (3) any provision of any material
         indenture, agreement or other instrument to which it is a party or by
         which its properties or assets are or may be bound, or (B) result in a
         breach of or constitute (alone or with due notice or lapse of time or
         both) a default under any indenture, agreement or other instrument
         referred to in clause (iii)(A)(3) of this paragraph (d); and

                  (e) as of the date hereof and after giving effect to this
         Amendment, no Default or Event of Default has occurred which is
         continuing.

4.       EFFECTIVENESS.

         This Amendment shall become effective only upon the date of the
satisfaction in full of the following conditions precedent (which date shall be
the "EFFECTIVE DATE").

                                       3
<PAGE>

         4.1. EXECUTION AND DELIVERY OF THIS AMENDMENT.

         Each Purchaser shall have received a counterpart hereof, duly executed
and delivered by the Company and each of the Purchasers.

         4.2. REPRESENTATIONS AND WARRANTIES.

         The representations and warranties of the Company made in Section 3 of
this Amendment shall remain true and correct in all respects as of the Effective
Date.

         4.3. NO INJUNCTION, ETC.

         No injunction, writ, restraining order or other order of any nature
prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein shall have been issued and remain in force by any
Governmental Authority.

         4.4. MERGER.

         The Merger shall have been consummated.

5.       MISCELLANEOUS.

         5.1 The Company acknowledges and agrees that it is responsible for the
fees and expenses of Bingham Dana LLP, special counsel to the Purchasers, and
for all out-of-pocket expenses of the Purchasers in connection with the
execution and delivery of this Amendment and the Company agrees to pay such
expenses promptly upon receipt of invoices therefor.

         5.2 This Amendment constitutes a contract between the Company and the
Purchasers for the uses and purposes hereinabove set forth, and may be executed
in any number of counterparts, each executed counterpart constituting an
original, but all together only one agreement.

         5.3 Whenever any of the parties hereto is referred to, such reference
shall be deemed to include the successors and assigns of such party, and all the
promises and agreements contained in this Amendment by or on behalf of the
Company and the Purchasers shall bind and inure to the benefit of the respective
successors and assigns of such parties, whether so expressed or not.

         5.4 This Amendment constitutes the final written expression of all of
the terms hereof and is a complete and exclusive statement of those terms.

         5.5 This Amendment shall be governed by and construed in accordance
with the internal laws of the State of New York.

         5.6 This Amendment shall become effective at such time as it has been
executed by the Company and each of the Purchasers.

                                       4
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused the execution of
this Amendment by duly authorized officers of each as of the date hereof.

                                         THE J.M. SMUCKER COMPANY

                                              By  /s/ Richard K. Smucker
                                                 -----------------------------
                                              Name: Richard K. Smucker
                                              Title: President

Accepted and Agreed to:

MINNESOTA LIFE INSURANCE COMPANY

By:   Advantus Capital Management, Inc.

By: /s/ Guy M. deLambert
   -------------------------------
Name: Guy M. deLambert
Title: Vice President

EQUITRUST LIFE INSURANCE COMPANY
(formerly held by NATIONAL TRAVELERS LIFE COMPANY)

By:   Advantus Capital Management, Inc.

By: /s/ Guy M. deLambert
   -------------------------------
Name: Guy M. deLambert
Title: Vice President

AMERICAN REPUBLIC INSURANCE COMPANY

By:   Advantus Capital Management, Inc.

By: /s/ Guy M. deLambert
   -------------------------------
Name: Guy M. deLambert
Title: Vice President

                      [Signature Pages to First Amendment]

<PAGE>

HARTFORD LIFE INSURANCE COMPANY

By:   Hartford Investment Services, Inc.,
      Its Agents and Attorneys-in-Fact

By: /s/ Betsy Roberts
   -------------------------------
Name: Betsy Roberts
Title: Senior Vice President

NATIONWIDE MUTUAL FIRE INSURANCE COMPANY

By: /s/ William C. Dierker
   -------------------------------
Name: William C. Dierker
Title: Vice President Equity Securities

CONNECTICUT GENERAL LIFE INSURANCE COMPANY

By:   CIGNA Investments, Inc. (authorized agent)

By: /s/ James R. Kuzemchak
   -------------------------------
Name: James R. Kuzemchak
Title: Managing Director

THE TRAVELERS INSURANCE COMPANY, for
itself and two of its separate accounts

By: /s/ Denise T. Duffee
   -------------------------------
Name: Denise T. Duffee
Title: Investment Officer

                      [Signature Pages to First Amendment]

<PAGE>

PREMIER INSURANCE COMPANY OF MASSACHUSETTS

By:   Travelers Asset Management International Company, LLC

By: /s/ Denise T. Duffee
   -------------------------------
Name: Denise T. Duffee
Title: Investment Officer

FIRST TRENTON INDEMNITY COMPANY

By:   Travelers Asset Management International Company, LLC

By: /s/ Denise T. Duffee
   -------------------------------
Name: Denise T. Duffee
Title: Investment Officer

MODERN WOODMEN OF AMERICA

By: /s/ G. E. Stoefen
   -------------------------------
Name: G. E. Stoefen
Title: Director, Treasurer & Investment Manager

                      [Signature Pages to First Amendment]

<PAGE>

                                   SCHEDULE C

                                   DIVISION II
                         EXPRESS TERMS OF COMMON SHARES

         SECTION 2. (a) Notwithstanding Section 1 of this Division II, each
outstanding Common Share shall entitle the holder thereof to ten votes on each
of the following matters properly submitted to the shareholders to the extent
such matters (x) are required under the Ohio Revised Code, any provisions of
these Amended Articles of Incorporation or the Regulations of the Company or
applicable stock exchange rules, to be submitted to the shareholders for their
vote, consent, waiver or other action or (y) are submitted or presented to the
shareholders for their vote, consent waiver or other action: (1) any matter that
relates to or would result in the dissolution or liquidation of the Company,
whether voluntary or involuntary, and whether pursuant to Section 1701.86 or
1701.91 of the Ohio Revised Code or otherwise, (2) the adoption of any amendment
to these Amended Articles of Incorporation, or the Regulations of the Company,
or the adoption of Amended Articles of Incorporation, other than the adoption of
any amendment or Amended Articles of Incorporation that increases the number of
votes to which holders of Common Shares are entitled or expand the matters to
which this Section 2(a) applies, (3) any proposal or other action to be taken by
the shareholders of the Company, whether or not proposed by the shareholders of
the Company, and whether proposed by authority of the Board of Directors or
otherwise, relating to the Rights Agreement, dated as of April 22, 1999, as
amended on August 28, 2000, and as it may be further amended from time to time
pursuant to its terms, or any successor plan, (4) any matter relating to any
stock option plan, stock purchase plan, executive compensation plan, executive
benefit plan, or other similar plan, arrangement or agreement, (5) adoption of
any agreement or plan of or for the merger, consolidation, or majority share
acquisition of the Company or any subsidiary with or into any other person,
whether domestic or foreign, corporate, or noncorporate, or the authorization of
the lease, sale, exchange, transfer or other disposition of all, or
substantially all, of the Company's assets, (6) any matter submitted to the
shareholders pursuant to Article Fifth or Article Seventh of these Amended
Articles of Incorporation, as they may be further amended, or any issuance of
shares of the Company for which shareholder approval is required by applicable
stock exchange rules or (7) any matter relating to the issuance of shares of the
Company, or the repurchase of shares of the Company that the Board of Directors
determines is required or appropriate to be submitted to the shareholders under
the Ohio Revised Code or applicable stock exchange rules, except that:

                  (i) no holder of Common Shares shall be entitled to exercise
         more than one vote on any such matter in respect of any Common Share
         with respect to which there has been a change in beneficial ownership
         following the Effective Time of the Merger (as such terms are defined
         in the Agreement and Plan of Merger, dated as of October 9, 2001, as it
         may be amended from time to time (the "Merger Agreement"), by and among
         The Procter & Gamble Company, The Procter & Gamble Ohio Brands Company
         and the Company) and during the four years immediately preceding the
         date on which a determination is made of the shareholders who are
         entitled to take any such action; and

<PAGE>
                                      -2-

                  (ii) no holder shall be entitled to exercise more than one
         vote on any such matter in respect of any Common Share if the aggregate
         voting power such holder otherwise would be entitled to exercise as of
         the date of such a determination (disregarding the voting power of any
         Common Shares held by such holder on August 20, 1985 or acquired by
         such holder in a transaction not involving any change in beneficial
         ownership by reason of Section 2 (c) of this Division II) would
         constitute one-fifth or more of the voting power of the Company and the
         holders of the Common Shares have not authorized the ownership of
         Common Shares by such person as and to the extent contemplated by
         Article Seventh hereof.<PAGE>
                                                                  EXHIBIT 10(b)

                            INDEMNIFICATION AGREEMENT

         THIS AGREEMENT is made this _____ day of __________ by and between
VALUE CITY DEPARTMENT STORES, INC., an Ohio corporation (the "Company"), and
___________________, an individual and a director and/or officer of the Company
(the "Indemnitee").

                                    RECITALS

         WHEREAS, Indemnitee is either a member of the Board of Directors or an
officer of the Company, or both, and in such capacity is performing a valuable
service for the Company;

         WHEREAS, the Company has adopted Articles of Incorporation (the
"Articles") providing for the indemnification of the directors, officers, agents
and employees of the Company to the maximum extent authorized by Ohio General
Corporation Law, as amended to date (the "Ohio Statute");

         WHEREAS, the Ohio Statute specifically provides that it is not
exclusive, and thereby contemplates that contracts may be entered into between
the Company and its directors, officers, agents and employees with respect to
indemnification of such persons;

         WHEREAS, recent developments with respect to the application, amendment
and enforcement of statutory and other indemnification provisions generally have
raised questions concerning the adequacy and reliability of the protection
afforded to directors and officers thereby; and

         WHEREAS, in order to resolve such questions and thereby induce
Indemnitee to continue to serve as a member of the Board of Directors of the
Company or an officer, or both, the Company has determined and agreed to enter
into this contract with Indemnitee;

                                    AGREEMENT

         NOW, THEREFORE, in consideration of Indemnitee's continued service with
the Company after the date hereof the parties agree as follows:

         1. D & O Insurance. The Company represents that it has directors and
officers liability insurance ("D& O Insurance").

         2. Indemnity. Subject only to the exclusions set forth in Section 3
hereof, the Company hereby further agrees to hold harmless and indemnify
Indemnitee against any and all expenses (including attorneys' fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by
Indemnitee in connection with any threatened, pending or completed action, suit
or proceeding, whether civil, criminal, administrative or investigative
(including an action by or in the right of the Company) to which Indemnitee is,
was or at any time becomes a party, or is threatened to be made a party, by
reason of the fact that Indemnitee is, was or at any time becomes a director,
officer, employee or agent of the Company, or is or was serving or at any time
serves at the request of the Company as a director, trustee, officer, employee,
member, manager or agent of another corporation, limited liability company,
partnership, joint venture, trust or other enterprise to the fullest extent
authorized and permitted by the provisions of the Ohio Statute, or by any
amendment thereof or other statutory provisions authorizing or permitting such
indemnification which is adopted after the date hereof.

<PAGE>

         3. Limitations on Indemnity. No indemnity pursuant to Section 2 hereof
shall be paid by the Company:

                  (a) except to the extent the aggregate of losses to be
         indemnified hereunder exceed the amount of such losses for which the
         Indemnitee is indemnified either pursuant to Section 2 hereof or
         pursuant to any D & O Insurance purchased and maintained by the
         Company;

                  (b) in respect to remuneration paid to Indemnitee if it shall
         be determined by a final judgment or other final adjudication that such
         remuneration was in violation of law;

                  (c) on account of any suit in which judgment is rendered
         against an Indemnitee for an accounting of profits made from the
         purchase or sale by Indemnitee of securities of the Company pursuant to
         the provisions of Section 16(b) of the Securities Exchange Act of 1934
         and amendments thereto or similar provisions of any federal, state or
         local statutory law;

                  (d) on account of Indemnitee's act or omission being finally
         adjudged to have involved an act or omission undertaken with deliberate
         intent to cause injury to the Company or undertaken with reckless
         disregard for the best interests of the Company; or

                  (e) if a final decision by a Court having jurisdiction in the
         matter shall determine that such indemnification is not lawful.

         4. Continuation of Indemnity. All agreements and obligations of the
Company contained herein shall continue during the period Indemnitee is a
director, officer, employee or agent of the Company (or is or was serving at the
request of the Company as a director, trustee, officer, employee, member,
manager or agent of another corporation, limited liability company, partnership,
joint venture, trust or other enterprise) and shall continue thereafter so long
as Indemnitee shall be subject to any possible claim or threatened, pending or
completed action, suit or proceeding, whether civil, criminal or investigative,
by reason of the fact that Indemnitee was a director of the Company or serving
in any other capacity referred to herein.

         5. Notification and Defense of Claim. Promptly after receipt by
Indemnitee of notice of the commencement of any action, suit or proceeding,
Indemnitee will, if a claim in respect thereof is to be made against the Company
under this Agreement, notify the Company of the commencement thereof; but the
omission so to notify the Company will not relieve it from any liability which
it may have to Indemnitee otherwise than under this Agreement. With respect to
any such action, suit or proceeding as to which Indemnitee notifies the Company
of the commencement thereof:

                  (a) The Company will be entitled to participate therein at its
         own expense; and

                  (b) Except as otherwise provided below, to the extent that it
         may wish, the Company jointly with any other indemnifying party
         similarly notified will be entitled to assume the defense thereof, with
         counsel selected by the Company and reasonably satisfactory to
         Indemnitee. After notice from the Company to Indemnitee of its election
         so to assume the defense thereof, the Company will not be liable to
         Indemnitee under this Agreement for any legal or other expenses
         subsequently incurred by Indemnitee in connection with the defense
         thereof other than reasonable costs of investigation or as otherwise
         provided below. Indemnitee shall have the right to employ counsel in
         such action, suit or proceeding but the fees and expenses of such
         counsel incurred after notice from the Company of its assumption of the
         defense thereof shall be at the expense of Indemnitee unless (i) the
         employment of counsel by Indemnitee has been authorized by the Company,
         (ii) Indemnitee shall have reasonably concluded that there may be a
         conflict of interest

<PAGE>

         between the Company and Indemnitee in the conduct of the defense of
         such action, or (iii) the Company shall not in fact have employed
         counsel to assume the defense of such action, in each of which cases
         the fees and expenses of counsel shall be at the expense of the
         Company. The Company shall not be entitled to assume the defense of any
         action, suit or proceeding brought by or on behalf of the Company or as
         to which Indemnitee shall have made the conclusion provided for in (ii)
         above.

                  (c) The Company shall not be liable to indemnify Indemnitee
         under this Agreement for any amounts paid in settlement of any action
         or claim effected without its written consent. The Company shall not
         settle in any manner which would impose any penalty or limitation on
         Indemnitee without Indemnitee written consent. Neither the Company nor
         Indemnitee will unreasonably withhold their consent to any proposed
         settlement.

         6. Repayment of Expenses. Indemnitee agrees that Indemnitee will
reimburse the Company for all reasonable expenses paid by the Company in
defending any civil or criminal action, suit or proceeding against Indemnitee in
the event and only to the extent that it shall be ultimately determined that
Indemnitee is not entitled to be indemnified by the Company for such expenses
under the provisions of the Ohio Statute, the Articles, this Agreement or
otherwise.

         7. Enforcement.

                  (a) The Company expressly confirms and agrees that it has
         entered into this Agreement and assumed the obligations imposed on the
         Company hereby in order to induce Indemnitee to continue as a director
         or an officer of the Company, or both, and acknowledges that Indemnitee
         is relying upon this Agreement in continuing in such capacity.

                  (b) In the event Indemnitee is required to bring any action to
         enforce rights or to collect moneys due under this Agreement and is
         successful in such action, Company shall reimburse Indemnitee for all
         of Indemnitee reasonable fees and expenses in bringing and pursuing
         such action.

         8. Separability. Each of the provisions of this Agreement is a separate
and distinct agreement and independent of the others, so that if any provision
hereof shall be held to be invalid or unenforceable for any reason, such
invalidity or unenforceability shall not affect the validity or enforceability
of the other provisions hereof.

         9. Governing Law; Binding Effect; Amendment and Termination.

                  (a) This Agreement shall be interpreted and enforced in
         accordance with the laws of the State of Ohio.

                  (b) This Agreement shall be binding upon Indemnitee and upon
         the Company, its successors and assigns, and shall inure to the benefit
         of Indemnitee, his heirs, personal representatives and assigns and to
         the benefit of the Company, its successors and assigns.

                  (c) No amendment, modification, termination or cancellation of
         this Agreement shall be effective unless in writing signed by both
         parties hereto.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
and as of the day and year first above written.

                                             VALUE CITY DEPARTMENT STORES, INC.

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

                                                 ------------------------------

                                                                    , Indemnitee
                                                 -------------------

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