<SEC-DOCUMENT>0001214659-20-003186.txt : 20200403
<SEC-HEADER>0001214659-20-003186.hdr.sgml : 20200403
<ACCEPTANCE-DATETIME>20200403133634
ACCESSION NUMBER:		0001214659-20-003186
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200403
DATE AS OF CHANGE:		20200403
EFFECTIVENESS DATE:		20200403

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PILGRIMS PRIDE CORP
		CENTRAL INDEX KEY:			0000802481
		STANDARD INDUSTRIAL CLASSIFICATION:	POULTRY SLAUGHTERING AND PROCESSING [2015]
		IRS NUMBER:				751285071
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09273
		FILM NUMBER:		20772648

	BUSINESS ADDRESS:	
		STREET 1:		1770 PROMONTORY CIRCLE
		CITY:			GREELEY
		STATE:			CO
		ZIP:			80634
		BUSINESS PHONE:		9705068000

	MAIL ADDRESS:	
		STREET 1:		1770 PROMONTORY CIRCLE
		CITY:			GREELEY
		STATE:			CO
		ZIP:			80634

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Oxfam America, Inc.
		CENTRAL INDEX KEY:			0001764188
		IRS NUMBER:				237069110
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0319

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		226 CAUSEWAY ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02114
		BUSINESS PHONE:		8007769326

	MAIL ADDRESS:	
		STREET 1:		226 CAUSEWAY ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02114
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        <P STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: right">226 Causeway St</P>
        <P STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: right">Boston, MA 02114</P>
        <P STYLE="font: 10pt Times New Roman; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: right; color: #1155CC"><U>https://www.oxfamamerica.org/</U></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Notice of Exempt Solicitation</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NAME OF REGISTRANT: </B>Pilgrim&rsquo;s Pride</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NAME OF PERSON RELYING ON EXEMPTION: </B>Oxfam America</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ADDRESS OF PERSON RELYING ON EXEMPTION: </B>226 Causeway
Street, Boston, MA 02114</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Written materials are submitted pursuant to Rule 14a-6(g)(1)
promulgated under the Securities Exchange Act of 1934.&nbsp;Submission is not required of this filer under the terms of the Rule,
but is made voluntarily in the interest of public disclosure and consideration of these important issues.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Oxfam America urges you to vote <B>FOR Proposal 6</B> on Human
Rights Due Diligence (&ldquo;HRDD&rdquo;) at Pilgrim's Pride Corporation (&ldquo;Pilgrim's&rdquo;) Annual Meeting on April 29,
2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SUMMARY OF RESOLUTION </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>RESOLVED: </B>Shareholders request the Board of Directors
        prepare a report, at reasonable cost and omitting proprietary information, on Pilgrim's&rsquo; human rights due diligence process
        to assess, identify, prevent and mitigate actual and potential adverse human rights impacts. The report should:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Include the human
        rights principles used to frame its risk assessments;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outline the human
        rights impacts of Pilgrim's business activities, including company-owned operations, contract growers, and supply chain, and plans
        to mitigate any adverse impacts;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Explain the types
        and extent of stakeholder consultation; and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Address Pilgrim's
        plans to track effectiveness of measures to assess, prevent, mitigate, and remedy adverse human rights impacts.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Support for this resolution is warranted because: </B></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD><B>Pilgrim's business activities risk adversely impacting human rights</B> of workers and communities, and <B>HDDR is an important
risk management process</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>Pilgrim&rsquo;s Repeated Health &amp; Safety Violations Exact High Cost on Investors. </B>Pilgrim&rsquo;s failure to complete
such diligence has already taken a financial toll on the company, which is evident through fines charged for regulatory violations,
lawsuit settlements, and threats to its social license to operate.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD><B>Pilgrim's existing policies and practices do not demonstrate effective HRDD, </B>nor do they meet increasing investor expectations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Arguments in Favor of the Resolution on Human Rights Due
Diligence</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>1. HRDD is an effective risk management process. Failure
to conduct HRDD has already adversely impacted Pilgrim's bottom line, including fines charged for regulatory violations, lawsuit
settlements, and threats to its social license to operate.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>A. Human Rights Concerns in the Poultry Processing Industry</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Companies that fail to address human rights concerns risk backlash
from communities, customers, and regulators, all of which pose significant harm to long-term shareholder value. Industrial meat
production exposes workers, farmers, and communities to actual and potential adverse human rights impacts,<SUP>1</SUP> for which
Pilgrim&rsquo;s has already been criticized.<SUP>2</SUP> Poultry processing workers face serious labor rights violations, including
injuries from unsafe line speeds and other hazards, exposure to toxins, wage and hour violations, sexual harassment, and workplace
discrimination.<SUP>3</SUP> Factory farming contributes to economic struggles for contract growers and family farmers, exploitation
of migrant farmworkers, and occupational health and safety risks.<SUP>4</SUP> Monoculture farming to grow animal feed requires
heavy use of chemical fertilizers and pesticides, impacting human health, soil and water quality, and biodiversity.<SUP>5</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Increased public scrutiny on these harmful production practices
generates significant financial risk: the poultry processing industry is plagued by legal complaints, fines, and journalist investigations<SUP>6</SUP>
revealing patterns of workplace violations. Pilgrim's is not immune: Recent legal complaints against Pilgrim&rsquo;s Pride and
its subsidiaries range from allegations of hiring discrimination<SUP>7</SUP> and disability discrimination,<SUP>8</SUP> to federal
fines issued for violations of environmental; wage and hour; workplace safety and health; and labor relations regulations.<SUP>9</SUP></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> ht<U>tps://www.hrw.org/report/2019/09/04/when-were-dead-and-buried-our-bones-will-keep-hurting/workers-rights-under-threat</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> <U>https://www.theatlantic.com/ideas/archive/2019/11/human-cost-chicken-farming/601687/</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> <U>https://www.oxfamamerica.org/static/media/files/Lives_on_the_Line_Full_Report_Final.pdf</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> https://www.hrw.org/report/2019/09/04/when-were-dead-and-buried-our-bones-will-keep-hurting/workers-rights-under-threat</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> https://www.ucsusa.org/resources/hidden-costs-industrial-agriculture</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> <U>https://www.theguardian.com/food/2018/nov/26/revealed-restricting-breaks-keeps-poultry-industry-workers-living-in-fear</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> <U>https://www.reliableplant.com/Read/8537/pilgrim's-pride-to-pay-$1m-for-hiring-discrimination</U>
and <U>https://carlairwininc.com/blog/ofccp-files-lawsuit-against-pilgrims-pride-alleging-hiring-discrimination/</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> <U>https://www.eeoc.gov/eeoc/newsroom/release/9-24-18i.cfm</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> <U>https://violationtracker.goodjobsfirst.org/parent/jbs</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>B. HRDD Mitigates Against These Risks</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To mitigate the aforementioned risks and protect long-term shareholder
value, conscientious companies conduct HRDD, a risk management process whose steps are outlined by the UN Guiding Principles on
Business and Human Rights. <SUP>10</SUP> HRDD enables a company to detect emerging human rights risks and redress harm, both of
which allow a company to protect itself against expensive fines and burnish its reputation. HRDD includes four key steps: assessing
actual and potential human rights impacts, integrating and acting on findings, tracking responses, and communicating about how
impacts are addressed.<SUP>11</SUP> These proactive steps to identifying and confronting human rights violations can allows companies
to address them before they develop into significant costs. Indeed, some of the world&rsquo;s largest agribusiness companies publicly
embrace HRDD: Coca Cola,<SUP>12</SUP> Nestl&eacute;,<SUP>13</SUP> and Mondelez<SUP>14</SUP> conduct HRDD on their operations, and
are transparent about the process on their website; this enables investors to understand that these companies are proactively addressing
human rights risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>C. HRDD Safeguards a Company&rsquo;s Bottom Line</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">HRDD not only helps to protect workers and community members
who may be harmed by company operations by allowing the Company to proactively address potential human rights violations, but helps
businesses minimize expensive operations, reputational, and legal risks. As a result, preventing human rights abuses also benefits
Pilgrim's bottom line. For example:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD>HRDD mitigates the risk that a company will face fines and lawsuits from injured employees and others adversely impacted by
the company&rsquo;s operations. <B><I>Pilgrim's has already faced costly fines and controversies that could have been avoided with
HRDD in place. Continued failure to implement HRDD threatens negative financial impact on Pilgrim's, including more fines charged
for regulatory violations and lawsuit settlements.</I></B> The table below includes a non-exhaustive list of specific examples
of human rights violations where failure to implement adequate HRDD has harmed individuals, and in turn generated controversies,
fines, lawsuits, or negative financial impacts. This chart does not reflect all controversies the company and its subsidiaries
may have, though it would be useful for Pilgrim's to disclose such information to shareholders. According to data compiled using
publicly available information, since 2000, <B>Pilgrim's parent company JBS has a record of 179 violations since 2000, <U>having
paid $34,690,704 in penalties thus far.<SUP>15</SUP></U></B> These financial impacts will be further detailed below.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> The United Nations Guiding Principles on Business
and Human Rights (UNGPs), adopted by the UN General Assembly in 2011, are the global authoritative framework outlining states and
companies&rsquo; human rights-related roles and responsibilities. The UNGPs require all businesses, regardless of size or industry,
to respect the human rights of stakeholders impacted by their operations and business relationships.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>https://www.ohchr.org/Documents/Publications/GuidingPrinciplesBusinessHR_EN.pdf.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> <U>https://www.ungpreporting.org/glossary/human-rights-due-diligence/</U>;
<U>https://www.ohchr.org/en/professionalinterest/pages/coreinstruments.aspx</U>; <U>https://www.ilo.org/declaration/lang--en/index.htm</U>;
<U>http://www.oecd.org/investment/mne/1922428.pdf</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>12</SUP> https://www.coca-cola.ie/content/dam/journey/ie/en/hidden/PDFs/human-and-workplace-rights/addressing-global-issues/human-rights-self-assessment-checklists.10.2014.pdf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> https://www.nestle.com/csv/impact/respecting-human-rights/human-rights-impacts.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> https://www.mondelezinternational.com/~/media/mondelezcorporate/uploads/downloads/mdlz_human_rights_report_2018.pdf?la=en.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>15</SUP> <U>https://violationtracker.goodjobsfirst.org/parent/jbs</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B><I>Poor HRDD poses risks to recruitment and retention of employees</I></B><I>. </I>As Pilgrim's continues to grow, a diverse
and talented workforce is critical. Protecting these workers throughout business operations is essential to avoiding strikes, work
stoppages, and legal battles. Effective HRDD can support Pilgrim's efforts to identify and mitigate labor conflicts.

</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B><I>Relationships with growers and feed grain suppliers may be harmed without HRDD.</I></B> Pilgrim's relies on relationships
with independent family farmers to source its chickens and other supplies. To attract and maintain contracts, Pilgrim's should
treat growers fairly, respect environmental regulations, and consult with growers before expanding operations.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B><I>HRDD confers many financial benefits</I></B>, including improving risk management, strengthening brand reputation, fewer
disruptions to business, lower employee turnover, positive recognition from civil society groups and shareholders, and improved
relationships with communities. These benefits can ultimately contribute to protecting the company&rsquo;s long-term financial
interests.<FONT STYLE="background-color: yellow">
</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B><I>Pilgrim's social license to operate is at risk without strong community relationships.</I></B> Pilgrim&rsquo;s has already
faced public resistance to the expansion of its operations and footprint to meet growing demand for protein. In 2018, community
members spoke up in opposition to a proposed plant in Georgia due to concerns about negative impact to the local community and
environment.<SUP>16</SUP> A proactive assessment of the salient human rights risks, informed by meaningful stakeholder consultation,
would mitigate adverse human rights impacts and threats to the company&rsquo;s social license to operate. Pilgrim&rsquo;s Code
of Conduct does not currently provide details about how it considers its impacts on local communities,<SUP>17</SUP> and the repeated
occurrence of investigations, fines, and lawsuits indicates that broader steps need be taken to ensure that the company upholds
these values (see chart on page 5 below).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B><I>Risk of falling behind competitors. </I></B>If Pilgrim's continues to fail to conduct HRDD, it risks falling further
behind competitors. Indeed, <FONT>Pilgrims currently has one of the highest records of severe injury
among animal processing companies, according to OSHA,<SUP>18</SUP> making it imperative for the company to introduce safeguards.</FONT>
In addition to the HRDD efforts undertaken by agribusiness leaders Coca Cola, Nestle, and Mondelez in the examples cited above,
in February 2019 Cargill committed to conducting HRDD on issues related to workplace safety, responsible supply chains, and respecting
the human rights of extended communities.<SUP>19</SUP>
</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> <U>https://www.change.org/p/shannon-whitfield-don-t-slaughter-our-<BR>
cove?recruiter=877445526&amp;utm_source=share_petition&amp;utm_medium=copylink&amp;utm_campaign=share_petition&amp;fbclid=IwAR3Z-GKdlt258ZpbEuhqsuMRU2KilyJCuhW_QLETn4FUM84pF_rie4TFVss.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> https://pilgrimspridecorporation.gcs-web.com/statFic-files/d7c83ec8-33aa-4254-b8f6-f4f2cc5f504e.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> <U>https://www.osha.gov/severeinjury/index.html.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> <U>https://www.cargill.com/doc/1432136529974/cargill-commitment-on-human-rights.pdf.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B><I>Pilgrims&rsquo; parent company, JBS, is under global scrutiny for human rights and environmental violations. </I></B>In
March 2020 a new investigation exposed a link between Pilgrim&rsquo;s parent company JBS and a farm whose owner is implicated in
massacres in the Amazon, with 9 people being murdered.<SUP>20</SUP> In 2009 JBS committed to not buy from farms involved in illegal
deforestation, yet in 2016 an audit by federal prosecutors found that 19% of its cattle was produced on land that had &ldquo;evidence
of irregularities,&rdquo; and the company was fined and dropped from an agreement with Greenpeace.<SUP>21</SUP> Such stories of
human rights and environmental violations place the company at great risk of damage to its brand.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2. Pilgrim&rsquo;s Repeated Health &amp; Safety Violations
Exact High Cost on Investors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As mentioned above, <FONT><B>the
company has an established record of severe, preventable injuries and death at poultry processing plants. </B>The recent death
of Gabriel Seth Brutley on January 6, 2020 at the Guntersville, Alabama plant<SUP>22</SUP> builds on others - the death of Christopher
Chin at the Canton, GA plant in October 2012<SUP>23</SUP> along with a history of preventable documented injuries<SUP>24</SUP>
such as amputations, fractured elbows, head injuries, and fractured hips.<SUP>25</SUP> The company has also been beset by allegations
of </FONT><B>ongoing exposure to dangerous chemicals and work-related injury. </B>Pilgrims has a history of repeat citations from
OSHA for exposing its workers to highly hazardous chemicals and other ongoing workplace dangers,<SUP>26</SUP> including failing
to provide sufficient hearing protection.<SUP>27</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The below is a sample of just some of these violations
at Pilgrim&rsquo;s properties, along with other controversies of note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="1" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 25%; border: black 1pt solid"><FONT STYLE="font-size: 10pt"><B><I>Human Rights Impact</I></B></FONT></TD>
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B><I>Date</I></B></FONT></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B><I>Financial Impact on Pilgrim's</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Death</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">January 6, 2020 </FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt; background-color: white"><B>Not yet determined. </B>Gabriel Seth Brutley, 35, died on the job during an elevator accident at Pilgrim&rsquo;s Pride meat processing plant in Guntersville, Alabama. OSHA is currently leading an investigation.<SUP>28</SUP></FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>20</SUP> <U>https://www.theguardian.com/environment/2020/mar/03/worlds-biggest-meat-company-linked-to-brutal-massacre-in-amazon?CMP=twt_a-environment_b-gdneco.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> https://www.theguardian.com/environment/2020/mar/03/brazilian-meat-companies-linked-to-farmer-charged-with-massacre-in-amazon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>22</SUP> h<U>ttp://www.sandmountainreporter.com/free_share/article_74521162-30bd-11ea-b1d0-6f36f74e1693.html.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>23</SUP> <U>https://www.osha.gov/news/newsreleases/region4/04162013</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">https://www.nelp.org/news-releases/two-worker-deaths-january-show-need-reforms-u-s-poultry-slaughterhouses/.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>24</SUP> <U>https://www.osha.gov/news/newsreleases/region3/09222015.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>25</SUP> <U>https://coshnetwork.org/sites/default/files/uploads/Pilgrim%27s_Pride_Record_RK.pdf.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>26</SUP> <U>https://www.greeleytribune.com/news/local/greeley-based-pilgrims-pride-cited-by-osha-for-22-health-and-safety-violations-at-florida-plant/</U>;
https://advancedsafetyhealth.com/blog/pilgrims-pride-corporation-workers-exposed-to-hazardous-chemicals/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>27</SUP> <U>https://www.greeleytribune.com/news/local/greeley-based-pilgrims-pride-cited-by-osha-for-22-health-and-safety-violations-at-florida-plant/</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>28</SUP> <U>https://www.waff.com/2020/01/08/alabama-department-labor-pilgrims-pride-fatal-accident-lift-not-regulated-by-state/</U>
and <U>https://www.nelp.org/news-releases/two-worker-deaths-january-show-need-reforms-u-s-poultry-slaughterhouses/.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="1" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; width: 25%"><FONT STYLE="font-size: 10pt"><B>Labor Rights: </B>Disability <BR>
Discrimination</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 25%"><FONT STYLE="font-size: 10pt">May 16, 2019<SUP>29</SUP></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 50%"><FONT STYLE="font-size: 10pt; color: #333333"><B>$50,000 fine. </B>Pilgrim&rsquo;s paid a $50,000 settlement in a U.S. Equal Employment Opportunity Commission (EEOC) lawsuit. The EEOC charged Pilgrim&rsquo;s with violating federal law (Americans with Disabilities Act) when it terminated an employee with a disabling heart condition who took leave for medical treatment.<SUP>30</SUP></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Labor Rights: </B>Worker <BR>
Health and Safety Violations, <BR>
Guntersville</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">2015, 2016, 2017, 2018, 2019, 2020</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>At the Guntersville Pilgrim&rsquo;s
        Pride location alone, OSHA has recorded three violations in ten years, totaling <B>$20,270</B>:</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT><B>$1,400</B> for Hazard communications (2015)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>$5,610</B> control of hazardous energy (2016)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT><B>$13,260
</B>process safety management of highly hazardous chemicals (2019)<SUP>31</SUP></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, the following
        incidents at the Guntersville plant had adverse social ramifications:<SUP>32</SUP></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT><B>Citation issued. </B>February 4, 2016: An employee&rsquo;s thumb was amputated working in the saddle pack department taking
        product off the test line. OSHA inspected and issued citation 1125252.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT><B>Employee
        injury. </B>An employee tripped on the leg of a stand, fracturing his left hip and being hospitalized, July 17, 2017.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT><B>Health
        inspection. </B>After a complaint was filed regarding the handling of dangerous chemicals used in the plant - including a fire
        and ammonia leak - OSHA investigated &ldquo;handling of chemicals&rdquo; in December 2018.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="background-color: transparent"><B>Citation
        and health inspection. </B>In February 2019 OSHA cited Pilgrim&rsquo;s for not following OSHA&rsquo;s process safety management
        standards about the safe handling of chemicals.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in">&#9679;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT><B>Employee
        injury. </B>An employee fell 8 feet and sustained fractured elbow, left wrist, head injury, and was hospitalized October 15, 2019.
        OSHA did not inspect.</FONT></P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>29</SUP> Also see: <U>https://thehill.com/regulation/labor/256209-labor-department-files-discrimination-suit-against-us-chicken-supplier</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>30</SUP> <U>https://www.eeoc.gov/eeoc/newsroom/release/5-16-19b.cfm</U>
and <U>https://www.eeoc.gov/eeoc/newsroom/release/9-24-18i.cfm.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>31</SUP> <U>https://www.waff.com/2020/01/08/alabama-department-labor-pilgrims-pride-fatal-accident-lift-not-regulated-by-state/.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>32&nbsp;</SUP><U>https://coshnetwork.org/sites/default/files/uploads/Pilgrim%27s_Pride_Record_RK.pdf.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="1" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 25%; border: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Labor Rights: </B>Worker <BR>
Health and Safety</FONT></TD>
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">July 2011; January 22, 2013; March 3, 2010; February 11, 2019 </FONT></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Proposed penalties of over $299,126. </B>Enterprise, AL facility cited by OSHA for violations including excessive accumulation of grain dust where a housekeeping program exists but is not followed or maintained, allowing electrical components such as motors, outlets, drop lights and controller equipment, causing the potential for a fire or explosion.<FONT STYLE="font-family: Times New Roman"><SUP>33</SUP></FONT> <B>$85,000 penalty assessed </B>for workplace safety and health violations at the De Queen facility in Arkansas,<FONT STYLE="font-family: Times New Roman"><SUP>34</SUP></FONT> <B>$74,826 paid </B>for violations in Waco, TX<FONT STYLE="font-family: Times New Roman"><SUP>35</SUP></FONT>, <B>$72,500 paid </B>for violations in Russellville, AL in 2010,<FONT STYLE="font-family: Times New Roman"><SUP>36</SUP></FONT> cited for 29 safety violations including ammonia odors, trip and struck-by hazards, cuts and stabbing injuries, unmarked fire exits, unsafe batteries that exposed workers to acid burns and electric shock, and more;<FONT STYLE="font-family: Times New Roman"><SUP>37</SUP></FONT> <B>$66,300 </B>for violations in Lexington, GA in 2019.<FONT STYLE="font-family: Times New Roman"><SUP>38</SUP></FONT> A litany of other violations listed here: <FONT STYLE="color: #1155CC"><U>https://violationtracker.goodjobsfirst.org/prog.php?parent=jbs&amp;page=1</U></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Environment: </B>Air pollution <BR>
and odor violations</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">May 19, 2016; September 4, 2019</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>$65,850</B> fine for violation paid to Environmental Protection Agency in 2016.<FONT STYLE="font-family: Times New Roman"><SUP>39</SUP></FONT> <B>&nbsp;Community tensions and a potential fine of $25,000. </B>Pilgrim&rsquo;s plant in Chattanooga, TN was cited for odor violation and litter buildup, and Pilgrims risks fines up to $25,000 per day. In addition, the incident sparked tensions between the company and local community.<FONT STYLE="font-family: Times New Roman"><SUP>40</SUP></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Death, Labor Rights: </B><BR>
Worker Health and Safety, <BR>
Canton, GA.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">May 6, 2013</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <FONT STYLE="font-size: 10pt"><B>Death and 8 violations, carrying proposed $58,755 fine. </B>OSHA cited Pilgrim&rsquo;s with 8 alleged serious and repeat safety violations following the death of Christopher Chin, a worker who became caught in an unguarded hopper while attempting to remove a piece of cardboard at the facility in Canton, GA.<FONT STYLE="font-family: Times New Roman"><SUP>41</SUP></FONT></FONT>
        </TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>33</SUP> <U>https://www.ehstoday.com/standards/osha/article/21918042/no-pride-in-safety-record-for-food-company</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>34</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/ar-pilgrims-pride-corporation-0.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>35</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/tx-pilgrims.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>36</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/al-pilgrims-pride-corporation-1.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>37</SUP> <U>https://www.ehstoday.com/standards/osha/article/21918042/no-pride-in-safety-record-for-food-company.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>38</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/ga-pilgrims-pride-corporation-2.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>39</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/-pilgrims-pride-corporation.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>40</SUP> <U>https://newschannel9.com/news/local/pilgrims-pride-chicken-plant-in-chattanooga-cited-for-odor-violation-litter-buildup</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>41</SUP> <U>https://www.osha.gov/news/newsreleases/region4/04162013</U>;
https://www.nelp.org/news-releases/two-worker-deaths-january-show-need-reforms-u-s-poultry-slaughterhouses/.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="1" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 25%; border: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Labor Rights:</B> Worker <BR>
Health and Safety, Lufkin, <BR>
TX.</P></TD>
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">December 2012</FONT></TD>
    <TD STYLE="width: 50%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Proposed penalties of $99,000. </B>Cited by OSHA for 3 repeat and 4 proposed serious violations of process safety management related to toxic, reactive and flammable chemicals that could be fatal.<FONT STYLE="font-family: Times New Roman"><SUP>42</SUP></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Labor Rights: </B>Worker <BR>
Health and Safety Violation</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">June 29, 2012</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>$50,000:</B> The U.S. Department of Labor entered into a settlement agreement with Pilgrim's Pride Corp. to resolve an investigation by the department's Occupational Safety and Health Administration into the company's termination of an employee who raised environmental complaints, in violation of the whistleblower provision of the Federal Water Pollution Control Act.<FONT STYLE="font-family: Times New Roman"><SUP>43</SUP></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Labor Rights: </B>Wage and <BR>
Hour Violation</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">March 4, 2010; April 2, 2010;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April 19, 2008</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;<FONT>$1,001,438. </FONT></B><FONT>Wage and hour violation, and violation of Fair Labor Standards Act.<FONT STYLE="font-family: Times New Roman"><SUP>44</SUP></FONT></FONT> <B>$10,000,000 </B>private litigation regarding wage and hour violations and overtime violations in 2010 and <B>$140,614 </B>in 2008.<FONT STYLE="font-family: Times New Roman"><SUP>45</SUP></FONT> Many other violations listed here: <FONT STYLE="color: #1155CC"><U>https://violationtracker.goodjobsfirst.org/prog.php?parent=jbs&amp;page=1</U></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Labor Rights: </B>Work Visa <BR>
Violations</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">December 30, 2009 </FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>$4,500,000. </B><FONT>Pilgrim's Pride Corporation and Immigration was offered a non-prosecution agreement to resolve an investigation with respect to the hiring and employment of undocumented workers and its plants in the Eastern District of Texas.<FONT STYLE="font-family: Times New Roman"><SUP>46</SUP></FONT></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Labor Rights:</B> Hiring <BR>
Discrimination</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">October 3, 2007</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>$1,000,000.</B> Pilgrim's entered into two consent decrees to settle the US Department of Labor&rsquo;s Office of Federal Contract Compliance Programs&rsquo; allegations that the company engaged in hiring discrimination based on gender, race and ethnicity over a two-year period against some 5,300 applicants, a settlement of $1 million.<FONT STYLE="font-family: Times New Roman"><SUP>47</SUP></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Labor Rights: </B>Wage and <BR>
Hour Violation</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">June 8, 2005</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>$17,600</B>: Back pay award in unfair labor practices case.<FONT STYLE="font-family: Times New Roman"><SUP>48</SUP></FONT></FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>42</SUP> <U>https://www.ehstoday.com/standards/osha/article/21918042/no-pride-in-safety-record-for-food-company</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>43</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/tx-pilgrims-pride-corp</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>44</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/tx-pilgrims-pride-corporation</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>45</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/tx-pilgrims-pride-corporation-0</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>46</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/tx-pilgrims-pride-inc</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>47</SUP> <U>https://www.reliableplant.com/Read/8537/pilgrim's-pride-to-pay-$1m-for-hiring-discrimination</U>
and <U>https://carlairwininc.com/blog/ofccp-files-lawsuit-against-pilgrims-pride-alleging-hiring-discrimination/</U> and <U>https://violationtracker.goodjobsfirst.org/violation-tracker/tx-pilgrims-pride-corp-0.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>48</SUP> <U>https://violationtracker.goodjobsfirst.org/violation-tracker/pr-pilgrims-pride-corporation-dba-to-ricos.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>3. Pilgrim's existing policies and practices do not demonstrate
effective due diligence and create material risk.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Board of Directors claim in their opposition statement that
the Company is &ldquo;strongly committed to protecting human rights in our business activities&rdquo; and values the &ldquo;health
and safety of our employees and other parties,&rdquo; asserting that the Code of Conduct and &ldquo;Ethics Hotline&rdquo; represent
adequate substitutes. While Proponents appreciate these gestures, these are in no way a comprehensive approach to HRDD. A thorough
analysis must be conducted to understand not only the stated policies but whether they are actually being practiced, and where
they must be improved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indeed, despite the Code of Conduct&rsquo;s focus on
&ldquo;health and safety in the workplace,&rdquo; &ldquo;the right to legal wages and benefits,&rdquo; &ldquo;appropriate
working hours and overtime pay, and &ldquo;the fair and ethical treatment of all team members, including
nondiscrimination,&rdquo; there is ample evidence to suggest a discrepancy between these statements and records of actual
human rights violations. In addition to the workplace death and injury examples cited above, Pilgrim&rsquo;s has faced the
following allegations:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Restricting breaks + denial of bathroom access. </B>Workers at Pilgrim&rsquo;s have been speaking out about labor violations
such as restricted breaks and denial of bathrooms. For example, workers, former workers and advocates gathered on April 25, 2019
in St. Cloud, MN to protest unsafe working conditions.<SUP>49</SUP> A key grievance was that workers were systematically denied
access to bathrooms -- leading to unsafe working conditions that include employees choosing not to drink water while they do physically
demanding work.<SUP>50</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Line speeds above safe limits. </B>Increased line speeds put workers at greater risk of injury- including musculoskeletal
injury due to repetitive motions involved in the work - which is why the USDA has an upper limit of 140 birds per minute.<SUP>51</SUP>
Yet Pilgrim&rsquo;s has obtained waivers to increase line speed to 175 birds per minute at some sites -- and workers have been
suffering injuries as a result.<SUP>52</SUP> Pilgrim&rsquo;s has already been called out for investigation by high profile politicians:
Congresswoman Rosa DeLauro, for example, publicly urged OSHA to conduct an investigation of the plant in Guntersville, Alabama,
citing the line speed waiver as particularly suspect.<SUP>53</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Tensions with Community Stakeholders. </B>Rural landowners operating under the name &lsquo;Save McLemore&rsquo; protested
the development of new Pilgrim's development in McLemore Cove, Georgia, citing the risks of pollution, increased road usage, smell,
and Pilgrim&rsquo;s Prides&rsquo; specific reputation of poor working conditions. Over 3,200 people signed a petition to stop the
plant from opening.<SUP>54</SUP></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>49</SUP> <U>https://www.sctimes.com/story/money/2019/04/25/pilgrims-pride-poultry-workers-rally-workplace-safety-cold-spring/3541160002/.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>50</SUP> <U>https://www.nbcnews.com/business/business-news/poultry-workers-denied-bathroom-breaks-wear-diapers-oxfam-report-n572806.</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>51</SUP> <U>https://www.natlawreview.com/article/usda-updates-poultry-line-speed-standards.</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>52</SUP> <U>https://www.npr.org/sections/thesalt/2017/10/27/559572147/too-fast-for-safety-poultry-industry-wants-to-speed-up-the-slaughter-line.</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>53</SUP> https://delauro.house.gov/sites/delauro.house.gov/files/DeLauro_JBS_Pilgrims_Pride_Worker_Fatality_Letter.pdf</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>54</SUP> <U>https://www.change.org/p/shannon-whitfield-don-t-slaughter-our-cove?recruiter=877445526</U>
and <U>https://www.timesfreepress.com/news/local/story/2018/jun/01/walker-county-residents-protest-chicken-proce/472192/.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD><B>Records of discrimination against women and people with disabilities. </B>On May 16, 2019 Pilgrim&rsquo;s paid a $50,000
settlement in a <FONT STYLE="color: #333333; background-color: white">U.S. Equal Employment Opportunity Commission (EEOC) lawsuit.
Pilgrims was charged with violating the Americans with Disabilities Act when it terminated an employee with a disabling heart condition
who took leave for medical treatment.<SUP>55</SUP> In 2007 Pilgrims paid $1 million in settlements </FONT>to the Department of
Labor for allegations that the company engaged in hiring discrimination based on gender, race and ethnicity over a two-year period
against some 5,300 applicants.<SUP>56</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: #333333; background-color: white">&#9679;</FONT></TD><TD><FONT STYLE="color: #333333"><B>Millions of dollars paid for violating wage and hour laws. </B>As
articulated in the chart in Part 2 of this memo, Pilgrim&rsquo;s has a long history of violating laws around </FONT>&ldquo;appropriate
working hours and overtime pay.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In its opposition statement, Pilgrim's argues that its present
policies and practices adequately address the human rights issues raised in the resolution. Yet the history of controversies and
fines overviewed in this memo indicate that the company&rsquo;s practices can and must be strengthened. A thorough assessment of
salient human rights risks and impacts along with a commitment to policy changes, access to remedy and continued due diligence
are important for Pilgrim's to pursue long-term financial stability, social credibility, and to meeting its stated commitment to
human rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The company&rsquo;s current disclosure on its human rights impacts
and the financial cost, as well as the other elements of its human rights procedures (including conducting any risk assessments,
steps for prevention, and how it ensures effective access to remedy), are not adequate for investors to fully sense the potential
human rights impacts of the business and the materiality of these impacts to the business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CONCLUSIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In order to live up to its stated commitments of human rights,
Pilgrim&rsquo;s must proactively and comprehensively investigate lived practices across its factories by conducting HRDD. This
must include the four key steps of assessing actual and potential human rights impacts, integrating and acting on findings, tracking
responses and communicating about how impacts are addressed.<SUP>57</SUP> Failing to do so risks loss of social capital, further
financial loss, additional negative media coverage, further investigations by OSHA, loss of employees, and difficulty recruiting
new staff.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Proponents there urges investors to <B>vote in favor </B>of
Proposal 6 on Human Rights Due Diligence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>55</SUP> <U>https://www.eeoc.gov/eeoc/newsroom/release/5-16-19b.cfm</U>
and <U>https://www.eeoc.gov/eeoc/newsroom/release/9-24-18i.cfm.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>56</SUP> <U>https://www.reliableplant.com/Read/8537/pilgrim's-pride-to-pay-$1m-for-hiring-discrimination</U>
and <U>https://carlairwininc.com/blog/ofccp-files-lawsuit-against-pilgrims-pride-alleging-hiring-discrimination/</U> and <U>https://violationtracker.goodjobsfirst.org/violation-tracker/tx-pilgrims-pride-corp-0.</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>57</SUP> <U>https://www.ungpreporting.org/glossary/human-rights-due-diligence/</U>;
<U>https://www.ohchr.org/en/professionalinterest/pages/coreinstruments.aspx</U>; <U>https://www.ilo.org/declaration/lang--en/index.htm</U>;
<U>http://www.oecd.org/investment/mne/1922428.pdf.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">10</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
