<SEC-DOCUMENT>0001299933-16-001947.txt : 20160120
<SEC-HEADER>0001299933-16-001947.hdr.sgml : 20160120
<ACCEPTANCE-DATETIME>20160120163317
ACCESSION NUMBER:		0001299933-16-001947
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160115
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160120
DATE AS OF CHANGE:		20160120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONAGRA FOODS INC /DE/
		CENTRAL INDEX KEY:			0000023217
		STANDARD INDUSTRIAL CLASSIFICATION:	FOOD & KINDRED PRODUCTS [2000]
		IRS NUMBER:				470248710
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07275
		FILM NUMBER:		161351352

	BUSINESS ADDRESS:	
		STREET 1:		ONE CONAGRA DR
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102
		BUSINESS PHONE:		4022404000

	MAIL ADDRESS:	
		STREET 1:		ONE CONAGRA DRIVE
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONAGRA INC /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEBRASKA CONSOLIDATED MILLS CO
		DATE OF NAME CHANGE:	19721201
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_53009.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> ConAgra Foods, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	January 15, 2016
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	ConAgra Foods, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	1-7275
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	47-0248710
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	One ConAgra Drive, Omaha, Nebraska
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	&nbsp;
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	68102
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	402-240-4000
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<B>
	Item 1.01 Entry into a Material Definitive Agreement.
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On January 15, 2016, ConAgra Foods, Inc. (the " Company "), entered into separate letter agreements with each of Bank of America, N.A., Goldman Sachs Bank USA and Wells Fargo Bank, National Association (the "Term Loan Agreements").  Each Term Loan Agreement provides for the counterparty thereto to make a single unsecured term loan to the Company of up to $200 million (i.e., $600 million in total). The terms of the three Term Loan Agreements are substantively identical.<br><br>Proceeds of the term loans may only be used to repay amounts outstanding under the Company&#x2019;s 1.30% Senior Notes due January 25, 2016. <br><br>The term loans provided for under the Term Loan Agreements mature on April 26, 2016, and are subject to mandatory prepayment (without penalty) upon the Company&#x2019;s receipt of net cash proceeds from the sale of its Private Brands business.  The term loans bear interest at, at the Company&#x2019;s election, either (a) LIBOR plus 1.00%, (b) a daily floating LIBOR rate plus 1.00%, or (c) the applicable base rate.<br><br>Each Term Loan Agreement incorporates by reference the affirmative and negative covenants and events of defaults contained in the Revolving Credit Agreement, dated as of September 14, 2011, among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (as amended), other than those requiring delivery of quarterly and annual officer&#x2019;s certificates and the financial covenants therein.  Each Term Loan Agreement additionally contains events of default customary for unsecured short-term investment grade credit facilities. If an event of default occurs and is continuing under any of the Term Loan Agreements, the applicable lender may terminate and/or suspend its obligations under the applicable Term Loan Agreement and/or accelerate amounts due under the applicable Term Loan Agreement (and in the case of events of default related to insolvency and receivership, the commitments of the lenders will be automatically terminated and all outstanding obligations of the Company thereunder will become immediately due and payable).<br><br>Each of the lenders under the Term Loan Agreements (and their respective subsidiaries or affiliates) have in the past provided, are currently providing and may in the future provide, investment banking, cash management, underwriting, lending, commercial banking, trust, leasing services, foreign exchange and other advisory services to, or engage in transactions with, the Company and its subsidiaries or affiliates. These parties have received, and may in the future receive, customary compensation from the Company and its subsidiaries or affiliates, for such services.<br><br>Copies of each Term Loan Agreement are filed as Exhibits 10.1 (Bank of America, N.A.), 10.2 (Goldman Sachs Bank USA) and 10.3(Wells Fargo Bank, National Association) hereto. The foregoing description of the Term Loan Agreements does not purport to be complete, and is qualified in its entirety by reference to the full text of the Term Loan Agreements, which are incorporated by reference herein.<br>
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	Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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The disclosure set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
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	Item 9.01 Financial Statements and Exhibits.
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(d)	Exhibits.<br><br>Exhibit Number		Description<br>10.1		Letter Agreement, entered into as of January 15, 2016, between ConAgra Foods, Inc. and Bank of America, N.A., as lender.<br><br>10.2		Letter Agreement, entered into as of January 15, 2016, between ConAgra Foods, Inc. and Goldman Sachs Bank USA, as lender.<br><br>10.3		Letter Agreement, entered into as of January 15, 2016, between ConAgra Foods, Inc. and Wells Fargo Bank, National Association, as lender.<br>
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<B>
	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	ConAgra Foods, Inc.
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	&nbsp;&nbsp;
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<I>
	January 20, 2016
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<I>
	By:
</I>
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	&nbsp;
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<I>
	Lyneth Rhoten
</I>
<BR>
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	&nbsp;
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<I>
	Name: Lyneth Rhoten
</I>
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	&nbsp;
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<I>
	Title: Vice President, Securities Counsel and Assistant Corporate Secretary
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	Exhibit&nbsp;Index
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	Exhibit No.
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	&nbsp;
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	Description
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	10.1
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	&nbsp;
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Letter Agreement, entered into as of January 15, 2016, between ConAgra Foods, Inc. and Bank of America, N.A., as lender.
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	10.2
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	&nbsp;
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Letter Agreement, entered into as of January 15, 2016, between ConAgra Foods, Inc. and Goldman Sachs Bank USA, as lender.
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	10.3
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	&nbsp;
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Letter Agreement, entered into as of January 15, 2016, between ConAgra Foods, Inc. and Wells Fargo Bank, National Association, as lender.
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-10.1
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt">Exhibit&nbsp;10.1</FONT>


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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">January&nbsp;15, 2016<BR>
ConAgra Foods, Inc.<BR>
Eleven ConAgra Drive<BR>
Omaha, Nebraska 68102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<BR>
<BR>
<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left">Attn: Scott C. Schneider<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Re:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Term Loan</TD>
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&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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<P align="left" style="font-size: 12pt">Ladies and Gentlemen:


<P align="left" style="font-size: 12pt; text-indent: 4%">BANK OF AMERICA, N.A. (the &#147;<U>Lender</U>&#148;) is pleased to make available to CONAGRA FOODS,
INC., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), a term loan on the terms and subject to the
conditions set forth below. Terms not defined herein have the meanings assigned to them in
<U>Exhibit&nbsp;A</U> hereto or, if not defined in such Exhibit&nbsp;A, in the Incorporated Agreement
referred to in such Exhibit&nbsp;A.


<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The Facility</B>.</TD>
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    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The Commitment. </B>Subject to the terms and conditions set forth herein,
including without limitation in <U>Paragraph&nbsp;2</U> hereof, the Lender agrees to make
available to the Borrower in a single Borrowing on any Business Day occurring on or
after the Effective Date and prior to the Commitment Termination Date a term loan (the
&#147;<U>Loan</U>&#148;) in an aggregate principal amount not exceeding at any time $200,000,000
(the &#147;<U>Commitment</U>&#148;). Once repaid the Loan may not be reborrowed.</TD>
</TR>

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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Borrowings, Conversions, Continuations. </B>The Borrower may request that the Loan
(or any portion thereof) be (i)&nbsp;made as or converted to Base Rate Borrowings by
irrevocable notice to be received by the Lender not later than 11:00&nbsp;a.m. CST on the
Business Day of the borrowing or conversion, (ii)&nbsp;made as or converted to Daily
Floating LIBOR Rate Borrowings by irrevocable notice to be received by the Lender not
later than 11:00&nbsp;a.m. CST one Business Day prior to the borrowing or conversion or
(iii)&nbsp;made or continued as, or converted to, Eurodollar Rate Borrowings by irrevocable
notice to be received by the Lender not later than 11:00&nbsp;a.m. CST three Business Days
prior to the Business Day of the borrowing, continuation or conversion. If the
Borrower fails to give a notice of conversion or continuation prior to the end of any
Interest Period in respect of any Eurodollar Rate Borrowing, the Borrower shall be
deemed to have requested that such Loan be converted to a Base Rate Borrowing on the
last day of the applicable Interest Period. If the Borrower requests that a Borrowing
be continued as or converted to a Eurodollar Rate Borrowing, but fails to specify an
Interest Period with respect thereto, the Borrower shall be deemed to have selected an
Interest Period of one month. Notices pursuant to this <U>Paragraph&nbsp;1(b)</U> may be
given by telephone if promptly confirmed in writing.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">Each Eurodollar Rate Borrowing shall be in a principal amount of $5,000,000 or a
whole multiple of $1,000,000 in excess thereof. Each Daily Floating LIBOR Rate
Borrowing or Base Rate Borrowing shall be in a minimum principal amount of
$5,000,000. There shall not be more than four different Interest Periods in effect
at any time.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest. </B>At the option of the Borrower, Borrowings shall bear interest at a
rate per annum equal to (i)&nbsp;the Eurodollar Rate <U>plus</U> 1.00%; (ii)&nbsp;the Daily
Floating LIBOR Rate <U>plus</U> 1.00% or (iii)&nbsp;the Base Rate. Interest on Base Rate
Borrowings when the Base Rate is determined by the Lender&#146;s &#147;prime rate&#148; shall be
calculated on the basis of a year of 365 or 366&nbsp;days and actual days elapsed. All
other interest hereunder shall be calculated on the basis of a year of 360&nbsp;days and
actual days elapsed.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">The Borrower promises to pay accrued and unpaid interest (i)&nbsp;for each Eurodollar
Rate Borrowing, (A)&nbsp;on the last day of the applicable Interest Period, and (B)&nbsp;on
the date of any conversion of such Borrowing to a Daily Floating LIBOR Rate
Borrowing or Base Rate Borrowing; (ii)&nbsp;for Daily Floating LIBOR Rate Borrowings and
Base Rate Borrowings, on the last Business Day of each calendar quarter; and (iii)
for all Borrowings, on the Maturity Date. If the time for any payment is extended
by operation of law or otherwise, interest shall continue to accrue for such
extended period.



<P align="left" style="margin-left:8%; font-size: 12pt">After the date any principal amount of the Loan is due and payable (whether on the
Maturity Date, upon acceleration or otherwise), or after any other monetary
obligation hereunder shall have become due and payable (in each case without regard
to any applicable grace periods), the Borrower shall pay, but only to the extent
permitted by law, interest on such past due amounts at a rate per annum equal to the
Base Rate plus 2%. Accrued and unpaid interest on past due amounts shall be payable
on demand.



<P align="left" style="margin-left:8%; font-size: 12pt">In no case shall interest hereunder exceed the amount that the Lender may charge or
collect under applicable law.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Evidence of Loan. </B>The Loan and all payments thereon shall be evidenced by the
Lender&#146;s loan accounts and records; <U>provided</U>, <U>however</U>, that upon the
request of the Lender, the Loan may be evidenced by a promissory note in the form of
<U>Exhibit&nbsp;B</U> hereto in addition to such loan accounts and records. Such loan
accounts, records and promissory note shall be conclusive absent demonstrable or
manifest error of the amount of the Loan and payments thereon. Any failure to record
the Loan or payments thereon or any error in doing so shall not limit or otherwise
affect the obligation of the Borrower to pay any amount owing with respect to the Loan.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Repayment</B>. The Borrower promises to pay the full amount of the Loan then
outstanding on the Maturity Date.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">The Borrower shall make all payments required hereunder not later than 11:00&nbsp;a.m.
CST on the date of payment in same day funds in Dollars at the office of the Lender
located at 901 Main Street, Mail Code: TX1-492-14-04, Dallas TX, 75202-3714 or such
other address as the Lender may from time to time designate in writing.



<P align="left" style="margin-left:8%; font-size: 12pt">All payments by the Borrower to the Lender hereunder shall be made to the Lender in
full without set-off or counterclaim and free and clear of and exempt from, and
without deduction or withholding for or on account of, any present or future taxes,
levies, imposts, duties or charges of whatsoever nature imposed by any government or
any political subdivision or taxing authority thereof, and the Borrower shall
reimburse the Lender for any taxes imposed on or withheld from such payments, in
each case to the extent (but solely to the extent) and on the same terms as
contemplated by Section&nbsp;2.12 of the Incorporated Agreement, which Section&nbsp;2.12 is
hereby incorporated by reference into this Agreement on the terms set forth in
<U>Paragraph&nbsp;4</U> of this Agreement.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Prepayments. </B><U>Optional</U>. The Borrower may, upon three Business Days&#146;
notice, in the case of Eurodollar Rate Borrowings, upon one Business Day&#146;s notice in
the case of Daily Floating LIBOR Rate Borrowings and upon same-day notice in the case
of Base Rate Borrowings, prepay Borrowings on any Business Day; <U>provided</U> that
on the date of such prepayment, the Borrower pays all costs of the type that would be
reimbursable under Section&nbsp;2.11 of the Incorporated Agreement, which Section&nbsp;2.11 is
hereby incorporated by reference into this Agreement on the terms set forth in
<U>Paragraph&nbsp;4</U> of this Agreement. All prepayments must be accompanied by a
payment of accrued and unpaid interest on the amount so prepaid. Prepayments of
Eurodollar Rate Borrowings must be in a principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof. Prepayments of Daily Floating LIBOR Rate
Borrowings and Base Rate Borrowings must be in a principal amount of at least
$5,000,000 or, if less, the entire principal amount thereof then outstanding.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt"><U>Mandatory</U>. Upon Borrower&#146;s receipt of Net Cash Proceeds from the sale of
all or any portion of its Private Brands assets (outside of the ordinary course of
business) or sale of the stock of any of its Subsidiaries holding such Private
Brands assets, the Borrower shall prepay the aggregate principal amount outstanding
under the Loan and accrued and unpaid interest within one Business Day following
receipt thereof.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commitment Reductions. </B>The Borrower may, upon one Business Day&#146;s notice,
reduce or cancel all (but not less than all) of the Commitment. The Commitment will
automatically terminate upon the earlier of (i)&nbsp;the funding of the Loan and (ii)&nbsp;3:00
P.M. on the Commitment Termination Date if the Loan has not been borrowed at such time.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Conditions Precedent to the Loan</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As a condition precedent to the borrowing of the Loan hereunder, the Lender
must receive the following from the Borrower in form reasonably satisfactory to the
Lender and, except for items (i)&nbsp;and (ii)&nbsp;below, dated as of the date of the borrowing
of the Loan (it being agreed that the forms delivered to the Administrative Agent under
the Incorporated Agreement, with such changes as are appropriate to refer to this
Agreement, are satisfactory to the Lender):</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>this Agreement duly executed and delivered on behalf of the
Borrower;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if requested by the Lender at least two Business Days prior to
the borrowing of the Loan, a promissory note as contemplated in
<U>Paragraph&nbsp;1(d)</U> above;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a certificate signed by any Authorized Officer or Secretary or
Assistant Secretary of the Borrower stating that as of the date of the
borrowing of the Loan no Event of Default or Potential Default shall exist and
that the representations and warranties contained in <U>Paragraph&nbsp;3</U> of
this Agreement are true and correct on such date (including, without
limitation, those incorporated herein);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>copies of the Certificate of Incorporation of the Borrower,
together with all amendments, certified by any Authorized Officer or the
Secretary or Assistant Secretary of the Borrower, and a certificate of good
standing, certified on or within ten days prior to the date hereof by the
Secretary of State of Delaware;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>copies, certified by any Authorized Officer or the Secretary or
Assistant Secretary of the Borrower, of its By-Laws and its Board of Directors&#146;
resolutions, authorizing the execution, delivery and performance of the this
Agreement and the Loan Documents;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an incumbency certificate, executed by any Authorized Officer
or the Secretary or Assistant Secretary of the Borrower, which shall identify
by name and title and bear the signature of the officers of the Borrower
authorized to sign the Loan Documents and to sign any other documents and
notices in connection with this Agreement and to make borrowings under this
Agreement (on which the Lender shall be entitled to rely until informed of any
change in writing by the Borrower);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a written opinion of the Borrower&#146;s counsel, Jones Day,
addressed to the Lender;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a notice of borrowing (in the form of Exhibit&nbsp;C hereto);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each representation and warranty set forth or referred to in
<U>Section&nbsp;3</U> below shall be true and correct in all material respects as
if made on the date of such borrowing; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no Default or Event of Default shall have occurred and be
continuing on the date of such borrowing.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Representations and Warranties. </B>The Borrower hereby makes for the benefit of the Lender each
of the representations and warranties of the Borrower contained in Article&nbsp;4 (Representations
and Warranties) of the Incorporated Agreement; <U>provided</U> that each reference in such
representations and warranties to &#147;the date of this Agreement&#148; or words to such effect shall
be deemed to refer to the date of the Borrowing under this Agreement. The representations and
warranties of the Borrower referred to in the preceding sentence (including all exhibits,
schedules and defined terms referred to therein) are hereby incorporated herein by reference
as if set forth in full herein with appropriate substitutions including the substitutions
provided in clauses (a)&nbsp;through (h)&nbsp;of <U>Paragraph&nbsp;4</U> of this Agreement and the
provisions of the penultimate sentence of Paragraph&nbsp;4.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">The Borrower hereby further represents and warrants as follows:



<P align="left" style="margin-left:8%; font-size: 12pt"><B>OFAC and FCPA. </B>Neither the Borrower nor any of its Subsidiaries, nor any director
or officer thereof, nor, to the knowledge of the Borrower, any employee, affiliate,
or agent of the Borrower or its Subsidiaries is a Sanctioned Person. The Borrower
and its Subsidiaries</FONT><FONT style="font-size: 16pt"> </FONT><FONT style="font-size: 12pt">and their respective directors, officers and
employees and, to the knowledge of the Borrower, agents (in each case in their
capacity as such) are in compliance in all material respects with all applicable
Sanctions and with the Foreign Corrupt Practices Act of 1977, as amended (the
&#147;<B>FCPA</B>&#148;), and all other applicable anti-corruption laws. Neither the Loan, nor the
proceeds from the Loan, will be used, directly or indirectly, to lend, contribute,
provide or will otherwise be made available (i)&nbsp;to fund any activity or business of
or with any Sanctioned Person, except to the extent licensed by OFAC or otherwise
authorized under U.S. law, (ii)&nbsp;in violation of the FCPA or any other applicable
anti-corruption laws or anti-money laundering laws, or (iii)&nbsp;in any other manner
that would result in the violation of applicable Sanctions by the Borrower or the
Lender.
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Covenants. </B>So long as principal of and interest on the Loan or any other amount payable
hereunder or under any other Loan Document remains unpaid or unsatisfied and the Commitment
has not been terminated, the Borrower shall comply with all the covenants and agreements
applicable to it contained in Articles 5 (Affirmative Covenants) and 6 (Negative Covenants) of
the Incorporated Agreement other than Section&nbsp;5.2, Section&nbsp;6.1 and Section&nbsp;6.3 of the
Incorporated Agreement, including for purposes of this <U>Paragraph&nbsp;4</U> each Additional
Incorporated Agreement Covenant. The covenants and agreements of the Borrower referred to in
the preceding sentence (including all exhibits, schedules and defined terms referred to
therein) are hereby (or, in the case of each Additional Incorporated Agreement Covenant,
shall, upon its effectiveness, be) incorporated herein by reference as if set forth in full
herein with appropriate substitutions, including the following:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;this Agreement&#148; </B>shall be deemed to be references to this
Agreement;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;the Company&#148; </B>shall be deemed to be references to the
Borrower;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;the Administrative Agent&#148;</B>, <B>&#147;the Banks&#148;</B>, <B>&#147;the Credit Parties&#148;</B>
and the <B>&#147;Required Banks&#148; </B>shall be deemed to be references to the Lender;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;Potential Default&#148; </B>and <B>&#147;Event of Default&#148; </B>shall be deemed to
be references to a Default and an Event of Default, respectively;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Revolving Loans</B>&#148;, &#147;<B>Loan</B>&#148; or &#147;<B>Loans</B>&#148; shall be deemed to be
references to the Loan;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Obligations</B>&#148; shall be deemed to be references to obligations
under this Agreement;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Loan Documents</B>&#148; shall be deemed to be references to the Loan
Documents; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Notes</B>&#148; shall be deemed to be references to the promissory
note contemplated by <U>Paragraph&nbsp;1(d)</U> above, if any.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">The Borrower also hereby agrees to use the proceeds of the Loan solely to repay a portion of
amounts outstanding under the Borrower&#146;s $750,000,000 principal amount of 1.30% Senior Notes
due January&nbsp;25, 2016.



<P align="left" style="margin-left:4%; font-size: 12pt">All such covenants, representations and warranties and other agreements so incorporated
herein by reference shall survive any termination, cancellation, discharge or replacement of
the Incorporated Agreement.



<P align="left" style="margin-left:4%; font-size: 12pt">Any financial statements, certificates or other documents received by the Lender under the
Incorporated Agreement shall be deemed delivered hereunder.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Events of Default. </B>The following are &#147;<U>Events of Default</U>&#148;:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to pay any principal of the Loan as and on the date when
due; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to pay any accrued and unpaid interest on the Loan or any
portion thereof, within three Business Days after the date when due; or the Borrower
fails to pay any other fee or amount payable to the Lender under any Loan Document, or
any portion thereof, within five Business Days after the date due; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to comply with any covenant or agreement incorporated herein
by reference pursuant to <U>Paragraph&nbsp;4</U> above, subject to any applicable grace
period and/or notice requirement set forth in Section&nbsp;7.1 of the Incorporated Agreement
(it being understood and agreed that any such notice requirement of Section&nbsp;7.1.6 of
the Incorporated Agreement shall be met by the Lender&#146;s giving the applicable notice to
the Borrower hereunder); or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any representation, warranty or certification made or deemed made by or on
behalf of the Borrower herein, in any other Loan Document or in any writing furnished
pursuant to this Agreement shall be incorrect or misleading in any material respect on
the date when made or deemed made; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any &#147;Event of Default&#148; specified in Section&nbsp;7.1 of the Incorporated Agreement
(including for purposes of this <U>Paragraph&nbsp;5(e)</U> each Additional Incorporated
Agreement Event of Default) occurs and is continuing, without giving effect to any
waiver or amendment thereof pursuant to the Incorporated Agreement, it being agreed
that each such &#147;Event of Default&#148; shall survive any termination, cancellation,
discharge or replacement of the Incorporated Agreement.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">Upon the occurrence of an Event of Default, the Lender may declare the Commitment to be
terminated, whereupon the Commitment shall be terminated, and/or declare all sums
outstanding hereunder and under the other Loan Documents, including all accrued and unpaid
interest thereon, to be immediately due and payable, whereupon the same shall become and be
immediately due and payable, without notice of default, presentment or demand for payment,
protest or notice of nonpayment or dishonor, or other notices or demands of any kind or
character, all of which are hereby expressly waived; <U>provided</U>, <U>however</U>, that
upon the occurrence of an actual or deemed entry of an order for relief with respect to the
Borrower under the Bankruptcy Code of the United States of America, the Commitment shall
automatically terminate, and all sums outstanding hereunder and under each other Loan
Document, including all accrued and unpaid interest thereon, shall become and be immediately
due and payable, without notice of default, presentment or demand for payment, protest or
notice of nonpayment or dishonor, or other notices or demands of any kind or character, all
of which are hereby expressly waived.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Miscellaneous</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise specified, all references herein and in the other Loan
Documents to any time of day shall mean the local (standard or daylight, as in effect)
time of New York City.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If at any time the Eurodollar market or the Daily Floating LIBOR market, as
applicable, is not available to the Lender, or it is reasonably determined that (i)
adequate and reasonable means do not exist for determining the Eurodollar Rate or the
Daily Floating LIBOR Rate, or (ii)&nbsp;the Eurodollar Rate or the Daily Floating LIBOR Rate
does not accurately reflect the funding cost to the Lender of making the Loan, the
Lender and the Borrower will cooperate in good faith to agree on an alternative rate.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower agrees to reimburse the Lender for increased costs on the same
terms as provided in Section&nbsp;2.13 (Increased Costs) of the Incorporated Agreement, and
the provisions of such Section&nbsp;2.13 are hereby incorporated herein by reference on the
terms set forth in <U>Paragraph&nbsp;4</U> of this Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No amendment or waiver of any provision of this Agreement (including any
provision of the Incorporated Agreement incorporated herein by reference and any waiver
of <U>Paragraph&nbsp;5(d)</U> or <U>Paragraph&nbsp;5(e)</U> above) or of any other Loan
Document and no consent by the Lender to any departure therefrom by the Borrower shall
be effective unless such amendment, waiver or consent shall be in writing and signed by
the Borrower and the Lender, and any such amendment, waiver or consent shall then be
effective only for the period and on the conditions and for the specific instance
specified in such writing. No failure or delay by the Lender in exercising any right,
power or privilege hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the exercise
of any other rights, power or privilege.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as otherwise expressly provided herein, notices and other communications
to each party provided for herein shall be in writing and shall be delivered in the
manner provided in Section&nbsp;13 of the Incorporated Agreement, to the address provided
for the Borrower or Lender, as the case may be, on such party&#146;s signature page to this
Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Lender shall be entitled to rely and act upon any notices (including
telephonic notices of borrowings, conversions and continuations) purportedly given by
or on behalf of the Borrower and which the Lender in good faith believes to be on
behalf of the Borrower even if (i)&nbsp;such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii)&nbsp;the terms thereof, as understood by the recipient, varied
from any confirmation thereof.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement shall inure to the benefit of the parties hereto and their
respective successors and assigns, except that the Borrower may not assign its rights
and obligations hereunder. The Lender may at any time assign all or any part of its
rights and obligations hereunder to any other Person solely with the prior written
consent of the Borrower, <U>provided</U> that no such consent shall be required (i)&nbsp;if
an Event of Default exists or (ii)&nbsp;if the assignment is to an Affiliate of the Lender
provided, further, that the Lender shall give prompt notice to the Borrower following
such an assignment to an Affiliate. The Borrower agrees to execute any documents
reasonably requested by the Lender in connection with any such assignment. All
information concerning the creditworthiness of the Borrower and its Subsidiaries
provided by or on behalf of the Borrower to the Lender or its Affiliates may be
furnished by the Lender to its Affiliates and to any actual or proposed assignee;
provided that such actual or proposed assignee agrees to be bound (with the Borrower an
express third party beneficiary) by the confidentiality provisions set forth in Section
10.13 of the Incorporated Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower shall reimburse the Lender, on demand, all reasonable, invoiced
out-of-pocket expenses and legal fees incurred by the Lender in connection with the
enforcement of this Agreement or any instruments or agreements executed in connection
herewith. The obligations of the Borrower under this <U>Paragraph&nbsp;6(h)</U> shall
survive the termination of this Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower shall indemnify the Lender and each Related Party thereof (each,
an &#147;<U>Indemnified Party</U>&#148;) from and against any and all claims, damages, losses,
liabilities and expenses (limited, in the case of legal fees and expenses, to the
reasonable, invoiced (in reasonable detail) fees, disbursements and other charges of a
single external counsel to the Indemnified Parties) that are incurred by or asserted or
awarded against any Indemnified Party, in each case to the extent arising out of or in
connection with or by reason of (including, without limitation, in connection with any
investigation, litigation or proceeding or preparation of a defense in connection
therewith) relating to the Loan or any use made or proposed to be made with the
proceeds thereof, except to the extent such claim, damage, loss, liability or expense
is found in a final, nonappealable judgment by a court of competent jurisdiction to
have resulted from such Indemnified Party&#146;s (or any Related Party&#146;s (limited (A)&nbsp;in the
case of Affiliates, to Affiliates directly involved in the transactions contemplated
hereby and (B)&nbsp;in the case of agents and advisors, to agents and advisors acting at the
direction of such Indemnified Party)) bad faith, gross negligence, willful misconduct
or material breach of its obligations under this Agreement. In the case of an
investigation, litigation or proceeding to which the indemnity in this Paragraph
applies, such indemnity shall be effective whether or not such investigation,
litigation or proceeding is brought by the Borrower, its equityholders or creditors or
an Indemnified Party, whether or not an Indemnified Party is otherwise a party thereto
and whether or not the transactions contemplated hereby are consummated. Each party
hereto also agrees that no other party hereto shall have any liability (whether direct
or indirect, in contract or tort or otherwise) to any other party hereto or its
Subsidiaries or Affiliates, or to their respective equity holders or creditors arising
out of, related to or in connection with any aspect of the transactions contemplated
hereby, for special, indirect, consequential or punitive damages (except in the case of
a claim by an Indemnified Party against the Borrower, to the extent such damages would
otherwise be subject to indemnification pursuant to the terms of this <U>Paragraph
6(i))</U>. The agreements in this <U>Paragraph&nbsp;6(i)</U> shall survive the termination
of the Commitment and the repayment, satisfaction or discharge of all the other
obligations and liabilities of the Borrower under the Loan Documents.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any provision of this Agreement or the other Loan Documents is held to be
illegal, invalid or unenforceable, (i)&nbsp;the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be
affected or impaired thereby and (ii)&nbsp;the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the
illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement may be executed in one or more counterparts, and each
counterpart, when so executed, shall be deemed an original but all such counterparts
shall constitute one and the same instrument.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS ARE GOVERNED BY, AND SHALL BE
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO
HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
NONEXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE COURTS IN THE COUNTY OF NEW YORK, IN
ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, OR
FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH PARTY IRREVOCABLY CONSENTS TO THE
SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF
COPIES OF SUCH PROCESS TO ITS ADDRESS SET FORTH BENEATH ITS SIGNATURE HERETO. EACH
PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT
IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN
BROUGHT IN AN INCONVENIENT FORUM.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THE BORROWER AND THE LENDER EACH WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY
JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
AGREEMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Lender hereby notifies the Borrower that pursuant to the requirements of
the USA PATRIOT Act (Title III of Pub.L. 107-56 (signed into law October&nbsp;26, 2001))
(the &#147;<U>Act</U>&#148;), the Lender is required to obtain, verify and record information
that identifies the Borrower, which information includes the name and address of the
Borrower and other information that will allow the Lender to identify the Borrower in
accordance with the Act.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS
BETWEEN THE PARTIES REGARDING THE SUBJECT MATTER OF THIS AGREEMENT.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 4%">Please indicate your acceptance of the Commitment on the foregoing terms and conditions by
returning an executed copy of this Agreement to the undersigned not later than January&nbsp;19, 2016.


<P align="left" style="font-size: 12pt"><B>BANK OF AMERICA, N.A.</B>


<P align="left" style="font-size: 12pt">By: <U> /s/ J. Casey Cosgrove</U><BR>
Name: J. Casey Cosgrove<BR>
Title: Director<BR>


<P align="left" style="font-size: 12pt"><U>Loan Closer Contact</U>:
<BR>
Lisa Anderson
<BR>
Phone: 980-683-5148
<BR>
Fax: 704-547-5717
<BR>
E-Mail: lisa.beth.anderson@baml.com


<P align="left" style="font-size: 12pt"><U>Daily Operations Contact:</U>
<BR>
Arlene Minor
<BR>
Phone: 972-338-3807
<BR>
Fax: 214-290-9412
<BR>
E-Mail: arlene.l.minor@baml.com


<P align="left" style="font-size: 12pt"><I>Accepted and Agreed to as of the date first written above:</I>


<P align="left" style="font-size: 12pt"><B>CONAGRA FOODS, INC.</B>


<P align="left" style="font-size: 12pt">By: <U>/s/ Scott E. Messel</U><BR>
Name: Scott E. Messel<BR>
Title: SVP, Treasurer and Asst. Corp. Sec<BR>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Address for Notices</U>:</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">ConAgra Foods, Inc.


<P align="left" style="font-size: 12pt"><BR>
One ConAgra Drive
<BR>
Omaha, NE 68102


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Attention: Scott C. Schneider, Vice President and Assistant Treasurer</TD>
</TR>


</TABLE>

<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">



</TABLE>


<P align="right" style="font-size: 12pt"><B><I>EXHIBIT A</I></B>



<P align="center" style="font-size: 12pt"><B>DEFINITIONS</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Additional<BR>
Incorporated Agreement<BR>
Covenant:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A covenant or agreement that is added to the Incorporated<BR>
Agreement after the date hereof, as such covenant or<BR>
agreement is in effect on the date so added.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Additional<BR>
Incorporated Agreement<BR>
Event of Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">An &#147;Event of Default&#148; that is added to the Incorporated<BR>
Agreement after the date hereof, as such &#147;Event of<BR>
Default&#148; is in effect on the date so added.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Affiliate
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Person, any other Person directly or<BR>
indirectly controlling, controlled by, or under direct or<BR>
indirect common control with, such Person. A Person<BR>
shall be deemed to control a corporation if such Person<BR>
possesses, directly or indirectly, the power to direct or<BR>
cause the direction of the management and policies of<BR>
such corporation, whether through the ownership of voting<BR>
securities, by contract or otherwise.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Agreement:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">This letter agreement, as amended, restated, extended,<BR>
supplemented or otherwise modified in writing from time<BR>
to time.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Authorized Officer:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any of the Chief Executive Officer, the Chief Financial<BR>
Officer, the Controller, the Treasurer, any Assistant<BR>
Treasurer or any other employee of the Borrower who is<BR>
designated in writing to the Lender by any of the<BR>
foregoing and who holds a substantially similar office to<BR>
any of the foregoing.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Base Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For any day, a fluctuating rate per annum equal to the<BR>
higher of (a)&nbsp;the Federal Funds Rate plus 1/2 of 1% and<BR>
(b)&nbsp;the rate of interest in effect for such day as<BR>
publicly announced from time to time by the Lender as its<BR>
&#147;prime rate.&#148; The Lender&#146;s prime rate is a rate set by<BR>
the Lender based upon various factors including the<BR>
Lender&#146;s costs and desired return, general economic<BR>
conditions and other factors, and is used as a reference<BR>
point for pricing some loans, which may be priced at,<BR>
above, or below such announced rate. Any change in the<BR>
prime rate announced by the Lender shall take effect at<BR>
the opening of business on the day specified in the<BR>
public announcement of such change.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Base Rate Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A Borrowing bearing interest based on the Base Rate.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Portions of the Loan of the same Type, made, converted or<BR>
continued on the same date and, in the case of Eurodollar<BR>
Rate Borrowings, as to which a single Interest Period is<BR>
in effect.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Business Day:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any day other than a Saturday, Sunday, or other day on<BR>
which commercial banks are authorized to close under the<BR>
laws of, or are in fact closed in, the State of New York<BR>
or the state where the Lender&#146;s lending office is located<BR>
and, if such day relates to any Eurodollar Rate Borrowing<BR>
or Daily Floating LIBOR Rate Borrowing, means any such<BR>
day on which dealings in Dollar deposits are conducted by<BR>
and between banks in the London interbank eurodollar<BR>
market.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Commitment Termination<BR>
Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">January&nbsp;26, 2016.<BR>
<BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Daily Floating LIBOR<BR>
Rate Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Borrowing when and to the extent the interest rate<BR>
therefore is determined with reference to the definition<BR>
&#147;Daily Floating LIBOR Rate&#148;.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Daily Floating LIBOR<BR>
Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Daily Floating LIBOR Rate Borrowing,<BR>
a fluctuating rate of interest which can change on each<BR>
Business Day. The rate will be adjusted on each Business<BR>
Day to equal the London Interbank Offered Rate (or a<BR>
comparable or successor rate which is approved by the<BR>
Lender) for U.S. Dollar deposits for delivery on the date<BR>
in question for a one month term beginning on that date.<BR>
The Lender will use the London Interbank Offered Rate as<BR>
published by Bloomberg (or other commercially available<BR>
source providing quotations of such rate as selected by<BR>
the Lender from time to time) as determined at<BR>
approximately 11:00&nbsp;a.m. London time two (2)&nbsp;Business<BR>
Days prior to the date in question, as adjusted from time<BR>
to time in the Lender&#146;s sole discretion for reserve<BR>
requirements, deposit insurance assessment rates and<BR>
other regulatory costs. If such rate is not available at<BR>
such time for any reason, then the rate will be<BR>
determined by such alternate method as reasonably<BR>
selected by the Lender in good faith. If the Daily<BR>
Floating LIBOR Rate shall be less than zero, such rate<BR>
shall be deemed zero for purposes of this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any event or condition that constitutes an Event of<BR>
Default or that, with the giving of any notice, the<BR>
passage of time, or both, would be an Event of Default.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Dollar or $:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The lawful currency of the United States of America.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Effective Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The date of execution and delivery by the Borrower and<BR>
the Lender of this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Base Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(a) For any Interest Period with respect to a Eurodollar<BR>
Rate Borrowing, the rate per annum equal to the London<BR>
Interbank Offered Rate or a comparable or successor rate,<BR>
which rate is approved by the Lender, as published on the<BR>
applicable Reuters screen page (or such other<BR>
commercially available source providing such quotations<BR>
as may be designated by the Lender from time to time) at<BR>
approximately 11:00&nbsp;a.m., London time, two Business Days<BR>
prior to the commencement of such Interest Period, for<BR>
Dollar deposits (for delivery on the first day of such<BR>
Interest Period) with a term equivalent to such Interest<BR>
Period;<BR>
(b)&nbsp;For any interest calculation with respect to a Base<BR>
Rate Borrowing on any date, the rate per annum equal to<BR>
the London Interbank Offered Rate, at or about 11:00<BR>
a.m., London time determined two Business Days prior to<BR>
such date for U.S. Dollar deposits with a term of one<BR>
month commencing that day; and<BR>
(c)&nbsp;If the Eurodollar Rate shall be less than zero, such<BR>
rate shall be deemed zero for purposes of this Agreement;<BR>
provided that to the extent a comparable or successor<BR>
rate is approved by the Lender in connection herewith,<BR>
the approved rate shall be applied in a manner consistent<BR>
with market practice; provided, further that to the<BR>
extent such market practice is not administratively<BR>
feasible for the Lender, such approved rate shall be<BR>
applied in a manner as otherwise reasonably determined by<BR>
the Lender.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Rate
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Eurodollar Rate Borrowing for any<BR>
Interest Period, an interest rate per annum (rounded<BR>
upwards, if necessary, to the next 1/16 of 1%) equal to<BR>
the product of (i)&nbsp;the Eurodollar Base Rate for such<BR>
Interest Period multiplied by (ii)&nbsp;the Statutory Reserve<BR>
Rate.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Rate<BR>
Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A Borrowing bearing interest based on the Eurodollar Rate.<BR>
<BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Event of Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Has the meaning set forth in Paragraph&nbsp;5.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Incorporated Agreement:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Revolving Credit Agreement, dated as of September&nbsp;14,<BR>
2011, among the Borrower, JPMorgan Chase Bank, N.A., as<BR>
Administrative Agent and the Banks from time to time<BR>
party thereto, as amended by Amendment No.&nbsp;1 dated as of<BR>
December&nbsp;21, 2012, Amendment No.&nbsp;2 dated as of August&nbsp;27,<BR>
2013, Amendment No.&nbsp;3 dated as of March&nbsp;23, 2015, and<BR>
Amendment No.&nbsp;4 dated as of September&nbsp;21, 2015. Unless<BR>
otherwise specified herein, all references to the<BR>
Incorporated Agreement shall mean the Incorporated<BR>
Agreement as in effect on the date hereof, and except as<BR>
specified herein, without giving effect to any amendment,<BR>
supplement or other modification thereto or thereof after<BR>
the date hereof.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Interest Period:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For each Eurodollar Rate Borrowing, (a)&nbsp;initially, the<BR>
period commencing on the date the Eurodollar Rate<BR>
Borrowing is disbursed or converted from a Base Rate<BR>
Borrowing or Daily Floating LIBOR Rate Borrowing and (b)<BR>
thereafter, the period commencing on the last day of the<BR>
immediately preceding Interest Period, and, in each case,<BR>
ending on the earliest of (x)&nbsp;the Maturity Date, (y)&nbsp;one<BR>
or three months thereafter, as requested by the Borrower<BR>
or (z)&nbsp;such other period that is shorter than three<BR>
months, as the Lender and the Borrower may agree;<BR>
provided that:</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(i) any Interest Period that would otherwise end on a day<BR>
that is not a Business Day shall be extended to the next<BR>
succeeding Business Day unless such Business Day falls in<BR>
another calendar month, in which case such Interest<BR>
Period shall end on the next preceding Business Day; and<BR>
(ii)&nbsp;any Interest Period which begins on the last<BR>
Business Day of a calendar month (or on a day for which<BR>
there is no numerically corresponding day in the calendar<BR>
month at the end of such Interest Period) shall end on<BR>
the last Business Day of the calendar month at the end of<BR>
such Interest Period.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Loan Documents:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">This Agreement, and the promissory note, if any,<BR>
delivered in connection with this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Maturity Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">April&nbsp;26, 2016 or such earlier date on which the<BR>
Commitment may terminate in accordance with the terms<BR>
hereof.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Net Cash Proceeds:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to the sale by the Borrower or any of its<BR>
Subsidiaries of all or any portion of its Private Brands<BR>
assets or sale of the stock of any of its Subsidiaries<BR>
holding such Private Brands assets, the excess, if any,<BR>
of (i)&nbsp;the sum of cash and cash equivalents (determined<BR>
in accordance with GAAP) received in connection with such<BR>
transaction over (ii)&nbsp;the sum of (A)&nbsp;the out-of-pocket<BR>
expenses incurred by the Borrower or such Subsidiary in<BR>
connection with such transaction and (B)&nbsp;income taxes<BR>
reasonably estimated to be actually payable within two<BR>
years of the date of the relevant transaction as a result<BR>
of any gain recognized in connection therewith; provided<BR>
that, if the amount of any estimated taxes pursuant to<BR>
subclause (B)&nbsp;exceeds the amount of taxes actually<BR>
required to be paid in cash in respect of such<BR>
transaction, the aggregate amount of such excess shall<BR>
then constitute Net Cash Proceeds.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Person:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any natural person, corporation, limited liability<BR>
company, trust, joint venture, association, company,<BR>
partnership, governmental authority or other entity.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Private Brands
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The private label operations of the Borrower.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Related Party:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Person, such Person&#146;s Affiliates and<BR>
the partners, directors, officers, employees, agents,<BR>
trustees, administrators, managers and advisors of such<BR>
Person and of such Person&#146;s Affiliates.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Sanctions
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any international economic sanctions administered or<BR>
enforced by the Office of Foreign Assets Control of the<BR>
United States Department of the Treasury, the U.S. State<BR>
Department, the United Nations Security Council, the<BR>
European Union or Her Majesty&#146;s Treasury.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Sanctioned Person
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Person listed in any Sanctions related list of<BR>
designated Persons maintained by the Office of Foreign<BR>
Assets Control of the United States Department of the<BR>
Treasury, the United Nations Security Council, the<BR>
European Union or any European Union member state, or any<BR>
Person controlled by any such Person.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Statutory Reserve Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A fraction (expressed as a decimal), the numerator of<BR>
which is the number one and the denominator of which is<BR>
the number one minus the aggregate of the maximum reserve<BR>
percentages (including any marginal, special, emergency<BR>
or supplemental reserves) expressed as a decimal<BR>
established by the Board to which the Lender is subject<BR>
for eurocurrency funding (currently referred to as<BR>
&#147;Eurocurrency Liabilities&#148; in Regulation&nbsp;D of the Board).<BR>
Such reserve percentages shall include those imposed<BR>
pursuant to such Regulation&nbsp;D. Eurodollar Rate<BR>
Borrowings shall be deemed to constitute eurocurrency<BR>
funding and to be subject to such reserve requirements<BR>
without benefit of or credit for proration, exemptions or<BR>
offsets that may be available from time to time to any<BR>
Bank under such Regulation&nbsp;D or any comparable<BR>
regulation. The Statutory Reserve Rate shall be adjusted<BR>
automatically on and as of the effective date of any<BR>
change in any reserve percentage.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Subsidiary:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Person whose accounts are consolidated with the<BR>
accounts of the Borrower in accordance with GAAP for<BR>
purposes of preparing the financial statements referred<BR>
to in Section&nbsp;5.1 of the Incorporated Agreement.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Type:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">When used in reference to any Loan or Borrowing, refers<BR>
to whether the rate of interest on such Loan, or the<BR>
Loans comprising such Borrowing, is determined by<BR>
reference to the Eurodollar Rate, Daily Floating LIBOR<BR>
Rate or the Base Rate.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 12pt"><B><I>EXHIBIT B</I></B>



<P align="center" style="font-size: 12pt"><B>FORM OF PROMISSORY NOTE</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="92%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">$200,000,000.00
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt; text-indent: 4%">FOR VALUE RECEIVED, the undersigned, CONAGRA FOODS, INC., a Delaware corporation (the
&#147;<U>Borrower</U>&#148;), hereby promises to pay to the order of BANK OF AMERICA, N.A. (the
&#147;<U>Lender</U>&#148;) the principal sum of Two Hundred Million Dollars ($200,000,000) or, if less, the
aggregate unpaid principal amount of the Loan made by the Lender to the Borrower pursuant to the
letter agreement, dated as of even date herewith (such letter agreement, as it may be amended,
restated, extended, supplemented or otherwise modified from time to time, being hereinafter called
the &#147;<U>Agreement</U>&#148;), between the Borrower and the Lender, on the Maturity Date. The Borrower
further promises to pay interest on the unpaid principal amount of the Loan evidenced hereby from
time to time at the rates, on the dates, and otherwise as provided in the Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">The loan account records maintained by the Lender shall at all times be conclusive evidence,
absent demonstrable or manifest error, as to the amount of the Loan and payments thereon;
<U>provided</U>, <U>however</U>, that any failure to record the Loan or payment thereon or any
error in doing so shall not limit or otherwise affect the obligation of the Borrower to pay any
amount owing with respect to the Loan.


<P align="left" style="font-size: 12pt; text-indent: 4%">This promissory note is the promissory note referred to in, and is entitled to the benefits
of, the Agreement, which Agreement, among other things, contains provisions for acceleration of the
maturity of the Loan evidenced hereby upon the happening of certain stated events and also for
prepayments on account of principal of the Loan prior to the maturity thereof upon the terms and
conditions therein specified.


<P align="left" style="font-size: 12pt; text-indent: 4%">Unless otherwise defined herein, terms defined in the Agreement are used herein with their
defined meanings therein. This promissory note shall be governed by, and construed in accordance
with, the laws of the State of New York.



<P align="left" style="margin-left:26%; font-size: 12pt"><B>CONAGRA FOODS, INC.</B>



<P align="left" style="margin-left:26%; font-size: 12pt">By:<BR>
Name:<BR>
Title:<BR>


<P align="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->

<P align="right" style="font-size: 12pt"><B><I>EXHIBIT C</I></B>



<P align="center" style="font-size: 12pt"><FONT style="font-size: 11pt"><B>Form of Notice of Borrowing</B></FONT>


<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">TO:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank of America, N.A., as lender (the &#147;Lender&#148;)</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">RE:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Letter Agreement, dated as of January&nbsp;15, 2016, by and among ConAgra<BR>
Foods, Inc., a Delaware corporation (the &#147;Borrower&#148;) and the Lender (as<BR>
amended, modified, extended, restated, replaced, or supplemented from<BR>
time to time, the &#147;Term Loan&#148;; capitalized terms used herein and not<BR>
otherwise defined shall have the meanings set forth in the Term Loan)</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">DATE:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;, 2016</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 11pt; text-indent: 4%">The undersigned hereby requests (select one):


<P align="left" style="font-size: 11pt; text-indent: 8%">A Borrowing of Loans


<P align="left" style="font-size: 11pt; text-indent: 8%">A &#091;conversion&#093; or &#091;continuation&#093; of Loans


<P>
<HR noshade width="26%" align="center" size="1" color="#000000">
<P>



<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">On
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(the &#147;Loan Extension Date&#148;).</TD>
</TR>
<TR style="font-size: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">In the amount of $<B>.</B><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Comprised of:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Base Rate Borrowings</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="margin-left:15%; font-size: 11pt; text-indent: 5%">Daily Floating LIBOR Rate Borrowings



<P align="left" style="margin-left:15%; font-size: 11pt; text-indent: 5%">Eurodollar Rate Borrowings


<P align="left" style="font-size: 11pt; text-indent: 8%">4.&nbsp;For Eurodollar Rate Borrowings: with an Interest Period of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> months.


<P align="left" style="font-size: 11pt; text-indent: 4%">Delivery of an executed counterpart of a signature page of this notice by fax transmission or
other electronic mail transmission (e.g. &#147;pdf&#148; or &#147;tif&#148;) shall be effective as delivery of a
manually executed counterpart of this notice.



<P align="left" style="margin-left:23%; font-size: 11pt">Very truly yours,
<BR>
ConAgra Foods, Inc.



<P align="left" style="margin-left:26%; font-size: 11pt"><FONT style="font-size: 12pt">By:<BR>
Name:<BR>
Title:<BR>
</FONT>


<P align="center" style="font-size: 10pt; display: none">3




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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EX-10.2
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<TITLE> EX-10.2 </TITLE>
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<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt">Exhibit&nbsp;10.2</FONT>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">January&nbsp;15, 2016<BR>
ConAgra Foods, Inc.<BR>
Eleven ConAgra Drive<BR>
Omaha, Nebraska 68102
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<BR>
<BR>
<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left">Attn: Scott C. Schneider<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Re:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Term Loan</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">Ladies and Gentlemen:


<P align="left" style="font-size: 12pt; text-indent: 4%">GOLDMAN SACHS BANK USA (the &#147;<U>Lender</U>&#148;) is pleased to make available to CONAGRA FOODS,
INC., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), a term loan on the terms and subject to the
conditions set forth below. Terms not defined herein have the meanings assigned to them in
<U>Exhibit&nbsp;A</U> hereto or, if not defined in such Exhibit&nbsp;A, in the Incorporated Agreement
referred to in such Exhibit&nbsp;A.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The Facility</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The Commitment. </B>Subject to the terms and conditions set forth herein,
including without limitation in <U>Paragraph&nbsp;2</U> hereof, the Lender agrees to make
available to the Borrower in a single Borrowing on any Business Day occurring on or
after the Effective Date and prior to the Commitment Termination Date a term loan (the
&#147;<U>Loan</U>&#148;) in an aggregate principal amount not exceeding at any time $200,000,000
(the &#147;<U>Commitment</U>&#148;). Once repaid the Loan may not be reborrowed.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Borrowings, Conversions, Continuations. </B>The Borrower may request that the Loan
(or any portion thereof) be (i)&nbsp;made as or converted to Base Rate Borrowings by
irrevocable notice to be received by the Lender not later than 11:00&nbsp;a.m. CST on the
Business Day of the borrowing or conversion, (ii)&nbsp;made as or converted to Daily
Floating LIBOR Rate Borrowings by irrevocable notice to be received by the Lender not
later than 11:00&nbsp;a.m. CST one Business Day prior to the borrowing or conversion or
(iii)&nbsp;made or continued as, or converted to, Eurodollar Rate Borrowings by irrevocable
notice to be received by the Lender not later than 11:00&nbsp;a.m. CST three Business Days
prior to the Business Day of the borrowing, continuation or conversion. If the
Borrower fails to give a notice of conversion or continuation prior to the end of any
Interest Period in respect of any Eurodollar Rate Borrowing, the Borrower shall be
deemed to have requested that such Loan be converted to a Base Rate Borrowing on the
last day of the applicable Interest Period. If the Borrower requests that a Borrowing
be continued as or converted to a Eurodollar Rate Borrowing, but fails to specify an
Interest Period with respect thereto, the Borrower shall be deemed to have selected an
Interest Period of one month. Notices pursuant to this <U>Paragraph&nbsp;1(b)</U> may be
given by telephone if promptly confirmed in writing.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">Each Eurodollar Rate Borrowing shall be in a principal amount of $5,000,000 or a
whole multiple of $1,000,000 in excess thereof. Each Daily Floating LIBOR Rate
Borrowing or Base Rate Borrowing shall be in a minimum principal amount of
$5,000,000. There shall not be more than four different Interest Periods in effect
at any time.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest. </B>At the option of the Borrower, Borrowings shall bear interest at a
rate per annum equal to (i)&nbsp;the Eurodollar Rate <U>plus</U> 1.00%; (ii)&nbsp;the Daily
Floating LIBOR Rate <U>plus</U> 1.00% or (iii)&nbsp;the Base Rate. Interest on Base Rate
Borrowings when the Base Rate is determined by the Lender&#146;s &#147;prime rate&#148; shall be
calculated on the basis of a year of 365 or 366&nbsp;days and actual days elapsed. All
other interest hereunder shall be calculated on the basis of a year of 360&nbsp;days and
actual days elapsed.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">The Borrower promises to pay accrued and unpaid interest (i)&nbsp;for each Eurodollar
Rate Borrowing, (A)&nbsp;on the last day of the applicable Interest Period, and (B)&nbsp;on
the date of any conversion of such Borrowing to a Daily Floating LIBOR Rate
Borrowing or Base Rate Borrowing; (ii)&nbsp;for Daily Floating LIBOR Rate Borrowings and
Base Rate Borrowings, on the last Business Day of each calendar quarter; and (iii)
for all Borrowings, on the Maturity Date. If the time for any payment is extended
by operation of law or otherwise, interest shall continue to accrue for such
extended period.



<P align="left" style="margin-left:8%; font-size: 12pt">After the date any principal amount of the Loan is due and payable (whether on the
Maturity Date, upon acceleration or otherwise), or after any other monetary
obligation hereunder shall have become due and payable (in each case without regard
to any applicable grace periods), the Borrower shall pay, but only to the extent
permitted by law, interest on such past due amounts at a rate per annum equal to the
Base Rate plus 2%. Accrued and unpaid interest on past due amounts shall be payable
on demand.



<P align="left" style="margin-left:8%; font-size: 12pt">In no case shall interest hereunder exceed the amount that the Lender may charge or
collect under applicable law.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Evidence of Loan. </B>The Loan and all payments thereon shall be evidenced by the
Lender&#146;s loan accounts and records; <U>provided</U>, <U>however</U>, that upon the
request of the Lender, the Loan may be evidenced by a promissory note in the form of
<U>Exhibit&nbsp;B</U> hereto in addition to such loan accounts and records. Such loan
accounts, records and promissory note shall be conclusive absent demonstrable or
manifest error of the amount of the Loan and payments thereon. Any failure to record
the Loan or payments thereon or any error in doing so shall not limit or otherwise
affect the obligation of the Borrower to pay any amount owing with respect to the Loan.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Repayment</B>. The Borrower promises to pay the full amount of the Loan then
outstanding on the Maturity Date.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">The Borrower shall make all payments required hereunder not later than 11:00&nbsp;a.m.
CST on the date of payment in same day funds in Dollars at the office of the Lender
located at 200 West Street, New York, New York 10282 or such other address as the
Lender may from time to time designate in writing.



<P align="left" style="margin-left:8%; font-size: 12pt">All payments by the Borrower to the Lender hereunder shall be made to the Lender in
full without set-off or counterclaim and free and clear of and exempt from, and
without deduction or withholding for or on account of, any present or future taxes,
levies, imposts, duties or charges of whatsoever nature imposed by any government or
any political subdivision or taxing authority thereof, and the Borrower shall
reimburse the Lender for any taxes imposed on or withheld from such payments, in
each case to the extent (but solely to the extent) and on the same terms as
contemplated by Section&nbsp;2.12 of the Incorporated Agreement, which Section&nbsp;2.12 is
hereby incorporated by reference into this Agreement on the terms set forth in
<U>Paragraph&nbsp;4</U> of this Agreement.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Prepayments. </B><U>Optional</U>. The Borrower may, upon three Business Days&#146;
notice, in the case of Eurodollar Rate Borrowings, upon one Business Day&#146;s notice in
the case of Daily Floating LIBOR Rate Borrowings and upon same-day notice in the case
of Base Rate Borrowings, prepay Borrowings on any Business Day; <U>provided</U> that
on the date of such prepayment, the Borrower pays all costs of the type that would be
reimbursable under Section&nbsp;2.11 of the Incorporated Agreement, which Section&nbsp;2.11 is
hereby incorporated by reference into this Agreement on the terms set forth in
<U>Paragraph&nbsp;4</U> of this Agreement. All prepayments must be accompanied by a
payment of accrued and unpaid interest on the amount so prepaid. Prepayments of
Eurodollar Rate Borrowings must be in a principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof. Prepayments of Daily Floating LIBOR Rate
Borrowings and Base Rate Borrowings must be in a principal amount of at least
$5,000,000 or, if less, the entire principal amount thereof then outstanding.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt"><U>Mandatory</U>. Upon Borrower&#146;s receipt of Net Cash Proceeds from the sale of
all or any portion of its Private Brands assets (outside of the ordinary course of
business) or sale of the stock of any of its Subsidiaries holding such Private
Brands assets, the Borrower shall prepay the aggregate principal amount outstanding
under the Loan and accrued and unpaid interest within one Business Day following
receipt thereof.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commitment Reductions. </B>The Borrower may, upon one Business Day&#146;s notice,
reduce or cancel all (but not less than all) of the Commitment. The Commitment will
automatically terminate upon the earlier of (i)&nbsp;the funding of the Loan and (ii)&nbsp;3:00
P.M. on the Commitment Termination Date if the Loan has not been borrowed at such time.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Conditions Precedent to the Loan</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As a condition precedent to the borrowing of the Loan hereunder, the Lender
must receive the following from the Borrower in form reasonably satisfactory to the
Lender and, except for items (i)&nbsp;and (ii)&nbsp;below, dated as of the date of the borrowing
of the Loan (it being agreed that the forms delivered to the Administrative Agent under
the Incorporated Agreement, with such changes as are appropriate to refer to this
Agreement, are satisfactory to the Lender):</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>this Agreement duly executed and delivered on behalf of the
Borrower;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if requested by the Lender at least two Business Days prior to
the borrowing of the Loan, a promissory note as contemplated in
<U>Paragraph&nbsp;1(d)</U> above;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a certificate signed by any Authorized Officer or Secretary or
Assistant Secretary of the Borrower stating that as of the date of the
borrowing of the Loan no Event of Default or Potential Default shall exist and
that the representations and warranties contained in <U>Paragraph&nbsp;3</U> of
this Agreement are true and correct on such date (including, without
limitation, those incorporated herein);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>copies of the Certificate of Incorporation of the Borrower,
together with all amendments, certified by any Authorized Officer or the
Secretary or Assistant Secretary of the Borrower, and a certificate of good
standing, certified on or within ten days prior to the date hereof by the
Secretary of State of Delaware;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>copies, certified by any Authorized Officer or the Secretary or
Assistant Secretary of the Borrower, of its By-Laws and its Board of Directors&#146;
resolutions, authorizing the execution, delivery and performance of the this
Agreement and the Loan Documents;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an incumbency certificate, executed by any Authorized Officer
or the Secretary or Assistant Secretary of the Borrower, which shall identify
by name and title and bear the signature of the officers of the Borrower
authorized to sign the Loan Documents and to sign any other documents and
notices in connection with this Agreement and to make borrowings under this
Agreement (on which the Lender shall be entitled to rely until informed of any
change in writing by the Borrower);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a written opinion of the Borrower&#146;s counsel, Jones Day,
addressed to the Lender;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a notice of borrowing (in the form of Exhibit&nbsp;C hereto);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each representation and warranty set forth or referred to in
<U>Section&nbsp;3</U> below shall be true and correct in all material respects as
if made on the date of such borrowing; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no Default or Event of Default shall have occurred and be
continuing on the date of such borrowing.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Representations and Warranties. </B>The Borrower hereby makes for the benefit of the Lender each
of the representations and warranties of the Borrower contained in Article&nbsp;4 (Representations
and Warranties) of the Incorporated Agreement; <U>provided</U> that each reference in such
representations and warranties to &#147;the date of this Agreement&#148; or words to such effect shall
be deemed to refer to the date of the Borrowing under this Agreement. The representations and
warranties of the Borrower referred to in the preceding sentence (including all exhibits,
schedules and defined terms referred to therein) are hereby incorporated herein by reference
as if set forth in full herein with appropriate substitutions including the substitutions
provided in clauses (a)&nbsp;through (h)&nbsp;of <U>Paragraph&nbsp;4</U> of this Agreement and the
provisions of the penultimate sentence of Paragraph&nbsp;4.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">The Borrower hereby further represents and warrants as follows:



<P align="left" style="margin-left:8%; font-size: 12pt"><B>OFAC and FCPA. </B>Neither the Borrower nor any of its Subsidiaries, nor any director
or officer thereof, nor, to the knowledge of the Borrower, any employee, affiliate,
or agent of the Borrower or its Subsidiaries is a Sanctioned Person. The Borrower
and its Subsidiaries</FONT><FONT style="font-size: 16pt"> </FONT><FONT style="font-size: 12pt">and their respective directors, officers and
employees and, to the knowledge of the Borrower, agents (in each case in their
capacity as such) are in compliance in all material respects with all applicable
Sanctions and with the Foreign Corrupt Practices Act of 1977, as amended (the
&#147;<B>FCPA</B>&#148;), and all other applicable anti-corruption laws. Neither the Loan, nor the
proceeds from the Loan, will be used, directly or indirectly, to lend, contribute,
provide or will otherwise be made available (i)&nbsp;to fund any activity or business of
or with any Sanctioned Person, except to the extent licensed by OFAC or otherwise
authorized under U.S. law, (ii)&nbsp;in violation of the FCPA or any other applicable
anti-corruption laws or anti-money laundering laws, or (iii)&nbsp;in any other manner
that would result in the violation of applicable Sanctions by the Borrower or the
Lender.
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Covenants. </B>So long as principal of and interest on the Loan or any other amount payable
hereunder or under any other Loan Document remains unpaid or unsatisfied and the Commitment
has not been terminated, the Borrower shall comply with all the covenants and agreements
applicable to it contained in Articles 5 (Affirmative Covenants) and 6 (Negative Covenants) of
the Incorporated Agreement other than Section&nbsp;5.2, Section&nbsp;6.1 and Section&nbsp;6.3 of the
Incorporated Agreement, including for purposes of this <U>Paragraph&nbsp;4</U> each Additional
Incorporated Agreement Covenant. The covenants and agreements of the Borrower referred to in
the preceding sentence (including all exhibits, schedules and defined terms referred to
therein) are hereby (or, in the case of each Additional Incorporated Agreement Covenant,
shall, upon its effectiveness, be) incorporated herein by reference as if set forth in full
herein with appropriate substitutions, including the following:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;this Agreement&#148; </B>shall be deemed to be references to this
Agreement;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;the Company&#148; </B>shall be deemed to be references to the
Borrower;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;the Administrative Agent&#148;</B>, <B>&#147;the Banks&#148;</B>, <B>&#147;the Credit Parties&#148;</B>
and the <B>&#147;Required Banks&#148; </B>shall be deemed to be references to the Lender;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;Potential Default&#148; </B>and <B>&#147;Event of Default&#148; </B>shall be deemed to
be references to a Default and an Event of Default, respectively;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Revolving Loans</B>&#148;, &#147;<B>Loan</B>&#148; or &#147;<B>Loans</B>&#148; shall be deemed to be
references to the Loan;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Obligations</B>&#148; shall be deemed to be references to obligations
under this Agreement;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Loan Documents</B>&#148; shall be deemed to be references to the Loan
Documents; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Notes</B>&#148; shall be deemed to be references to the promissory
note contemplated by <U>Paragraph&nbsp;1(d)</U> above, if any.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">The Borrower also hereby agrees to use the proceeds of the Loan solely to repay a portion of
amounts outstanding under the Borrower&#146;s $750,000,000 principal amount of 1.30% Senior Notes
due January&nbsp;25, 2016.



<P align="left" style="margin-left:4%; font-size: 12pt">All such covenants, representations and warranties and other agreements so incorporated
herein by reference shall survive any termination, cancellation, discharge or replacement of
the Incorporated Agreement.



<P align="left" style="margin-left:4%; font-size: 12pt">Any financial statements, certificates or other documents received by the Lender under the
Incorporated Agreement shall be deemed delivered hereunder.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Events of Default. </B>The following are &#147;<U>Events of Default</U>&#148;:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to pay any principal of the Loan as and on the date when
due; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to pay any accrued and unpaid interest on the Loan or any
portion thereof, within three Business Days after the date when due; or the Borrower
fails to pay any other fee or amount payable to the Lender under any Loan Document, or
any portion thereof, within five Business Days after the date due; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to comply with any covenant or agreement incorporated herein
by reference pursuant to <U>Paragraph&nbsp;4</U> above, subject to any applicable grace
period and/or notice requirement set forth in Section&nbsp;7.1 of the Incorporated Agreement
(it being understood and agreed that any such notice requirement of Section&nbsp;7.1.6 of
the Incorporated Agreement shall be met by the Lender&#146;s giving the applicable notice to
the Borrower hereunder); or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any representation, warranty or certification made or deemed made by or on
behalf of the Borrower herein, in any other Loan Document or in any writing furnished
pursuant to this Agreement shall be incorrect or misleading in any material respect on
the date when made or deemed made; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any &#147;Event of Default&#148; specified in Section&nbsp;7.1 of the Incorporated Agreement
(including for purposes of this <U>Paragraph&nbsp;5(e)</U> each Additional Incorporated
Agreement Event of Default) occurs and is continuing, without giving effect to any
waiver or amendment thereof pursuant to the Incorporated Agreement, it being agreed
that each such &#147;Event of Default&#148; shall survive any termination, cancellation,
discharge or replacement of the Incorporated Agreement.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">Upon the occurrence of an Event of Default, the Lender may declare the Commitment to be
terminated, whereupon the Commitment shall be terminated, and/or declare all sums
outstanding hereunder and under the other Loan Documents, including all accrued and unpaid
interest thereon, to be immediately due and payable, whereupon the same shall become and be
immediately due and payable, without notice of default, presentment or demand for payment,
protest or notice of nonpayment or dishonor, or other notices or demands of any kind or
character, all of which are hereby expressly waived; <U>provided</U>, <U>however</U>, that
upon the occurrence of an actual or deemed entry of an order for relief with respect to the
Borrower under the Bankruptcy Code of the United States of America, the Commitment shall
automatically terminate, and all sums outstanding hereunder and under each other Loan
Document, including all accrued and unpaid interest thereon, shall become and be immediately
due and payable, without notice of default, presentment or demand for payment, protest or
notice of nonpayment or dishonor, or other notices or demands of any kind or character, all
of which are hereby expressly waived.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Miscellaneous</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise specified, all references herein and in the other Loan
Documents to any time of day shall mean the local (standard or daylight, as in effect)
time of New York City.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If at any time the Eurodollar market or the Daily Floating LIBOR market, as
applicable, is not available to the Lender, or it is reasonably determined that (i)
adequate and reasonable means do not exist for determining the Eurodollar Rate or the
Daily Floating LIBOR Rate, or (ii)&nbsp;the Eurodollar Rate or the Daily Floating LIBOR Rate
does not accurately reflect the funding cost to the Lender of making the Loan, the
Lender and the Borrower will cooperate in good faith to agree on an alternative rate.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower agrees to reimburse the Lender for increased costs on the same
terms as provided in Section&nbsp;2.13 (Increased Costs) of the Incorporated Agreement, and
the provisions of such Section&nbsp;2.13 are hereby incorporated herein by reference on the
terms set forth in <U>Paragraph&nbsp;4</U> of this Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No amendment or waiver of any provision of this Agreement (including any
provision of the Incorporated Agreement incorporated herein by reference and any waiver
of <U>Paragraph&nbsp;5(d)</U> or <U>Paragraph&nbsp;5(e)</U> above) or of any other Loan
Document and no consent by the Lender to any departure therefrom by the Borrower shall
be effective unless such amendment, waiver or consent shall be in writing and signed by
the Borrower and the Lender, and any such amendment, waiver or consent shall then be
effective only for the period and on the conditions and for the specific instance
specified in such writing. No failure or delay by the Lender in exercising any right,
power or privilege hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the exercise
of any other rights, power or privilege.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as otherwise expressly provided herein, notices and other communications
to each party provided for herein shall be in writing and shall be delivered in the
manner provided in Section&nbsp;13 of the Incorporated Agreement, to the address provided
for the Borrower or Lender, as the case may be, on such party&#146;s signature page to this
Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Lender shall be entitled to rely and act upon any notices (including
telephonic notices of borrowings, conversions and continuations) purportedly given by
or on behalf of the Borrower and which the Lender in good faith believes to be on
behalf of the Borrower even if (i)&nbsp;such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii)&nbsp;the terms thereof, as understood by the recipient, varied
from any confirmation thereof.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement shall inure to the benefit of the parties hereto and their
respective successors and assigns, except that the Borrower may not assign its rights
and obligations hereunder. The Lender may at any time assign all or any part of its
rights and obligations hereunder to any other Person solely with the prior written
consent of the Borrower, <U>provided</U> that no such consent shall be required (i)&nbsp;if
an Event of Default exists or (ii)&nbsp;if the assignment is to an Affiliate of the Lender
provided, further, that the Lender shall give prompt notice to the Borrower following
such an assignment to an Affiliate. The Borrower agrees to execute any documents
reasonably requested by the Lender in connection with any such assignment. All
information concerning the creditworthiness of the Borrower and its Subsidiaries
provided by or on behalf of the Borrower to the Lender or its Affiliates may be
furnished by the Lender to its Affiliates and to any actual or proposed assignee;
provided that such actual or proposed assignee agrees to be bound (with the Borrower an
express third party beneficiary) by the confidentiality provisions set forth in Section
10.13 of the Incorporated Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower shall reimburse the Lender, on demand, all reasonable, invoiced
out-of-pocket expenses and legal fees incurred by the Lender in connection with the
enforcement of this Agreement or any instruments or agreements executed in connection
herewith. The obligations of the Borrower under this <U>Paragraph&nbsp;6(h)</U> shall
survive the termination of this Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower shall indemnify the Lender and each Related Party thereof (each,
an &#147;<U>Indemnified Party</U>&#148;) from and against any and all claims, damages, losses,
liabilities and expenses (limited, in the case of legal fees and expenses, to the
reasonable, invoiced (in reasonable detail) fees, disbursements and other charges of a
single external counsel to the Indemnified Parties) that are incurred by or asserted or
awarded against any Indemnified Party, in each case to the extent arising out of or in
connection with or by reason of (including, without limitation, in connection with any
investigation, litigation or proceeding or preparation of a defense in connection
therewith) relating to the Loan or any use made or proposed to be made with the
proceeds thereof, except to the extent such claim, damage, loss, liability or expense
is found in a final, nonappealable judgment by a court of competent jurisdiction to
have resulted from such Indemnified Party&#146;s (or any Related Party&#146;s (limited (A)&nbsp;in the
case of Affiliates, to Affiliates directly involved in the transactions contemplated
hereby and (B)&nbsp;in the case of agents and advisors, to agents and advisors acting at the
direction of such Indemnified Party)) bad faith, gross negligence, willful misconduct
or material breach of its obligations under this Agreement. In the case of an
investigation, litigation or proceeding to which the indemnity in this Paragraph
applies, such indemnity shall be effective whether or not such investigation,
litigation or proceeding is brought by the Borrower, its equityholders or creditors or
an Indemnified Party, whether or not an Indemnified Party is otherwise a party thereto
and whether or not the transactions contemplated hereby are consummated. Each party
hereto also agrees that no other party hereto shall have any liability (whether direct
or indirect, in contract or tort or otherwise) to any other party hereto or its
Subsidiaries or Affiliates, or to their respective equity holders or creditors arising
out of, related to or in connection with any aspect of the transactions contemplated
hereby, for special, indirect, consequential or punitive damages (except in the case of
a claim by an Indemnified Party against the Borrower, to the extent such damages would
otherwise be subject to indemnification pursuant to the terms of this <U>Paragraph
6(i))</U>. The agreements in this <U>Paragraph&nbsp;6(i)</U> shall survive the termination
of the Commitment and the repayment, satisfaction or discharge of all the other
obligations and liabilities of the Borrower under the Loan Documents.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any provision of this Agreement or the other Loan Documents is held to be
illegal, invalid or unenforceable, (i)&nbsp;the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be
affected or impaired thereby and (ii)&nbsp;the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the
illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement may be executed in one or more counterparts, and each
counterpart, when so executed, shall be deemed an original but all such counterparts
shall constitute one and the same instrument.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS ARE GOVERNED BY, AND SHALL BE
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO
HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
NONEXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE COURTS IN THE COUNTY OF NEW YORK, IN
ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, OR
FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH PARTY IRREVOCABLY CONSENTS TO THE
SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF
COPIES OF SUCH PROCESS TO ITS ADDRESS SET FORTH BENEATH ITS SIGNATURE HERETO. EACH
PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT
IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN
BROUGHT IN AN INCONVENIENT FORUM.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THE BORROWER AND THE LENDER EACH WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY
JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
AGREEMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Lender hereby notifies the Borrower that pursuant to the requirements of
the USA PATRIOT Act (Title III of Pub.L. 107-56 (signed into law October&nbsp;26, 2001))
(the &#147;<U>Act</U>&#148;), the Lender is required to obtain, verify and record information
that identifies the Borrower, which information includes the name and address of the
Borrower and other information that will allow the Lender to identify the Borrower in
accordance with the Act.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS
BETWEEN THE PARTIES REGARDING THE SUBJECT MATTER OF THIS AGREEMENT.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 4%">Please indicate your acceptance of the Commitment on the foregoing terms and conditions by
returning an executed copy of this Agreement to the undersigned not later than January&nbsp;19, 2016.


<P align="left" style="font-size: 12pt"><B>GOLDMAN SACHS BANK USA</B>


<P align="left" style="font-size: 12pt">By: <U>/s/ Rebecca Kratz</U>
<BR>
Authorized Signatory


<P align="left" style="font-size: 12pt"><U>Address for Notices</U>:
<BR>
Goldman Sachs Bank USA


<P align="left" style="font-size: 12pt"><BR>
200 West Street
<BR>
New York, NY
<BR>
10282
<BR>
Phone: 212-902-1099
<BR>
Fax: 917-977-3966


<P align="left" style="font-size: 12pt"><I>Accepted and Agreed to as of the date first written above:</I>


<P align="left" style="font-size: 12pt"><B>CONAGRA FOODS, INC.</B>


<P align="left" style="font-size: 12pt">By: <U>/s/ Scott E. Messel</U><BR>
Name: Scott E. Messel<BR>
Title: SVP, Treasurer and Asst. Corp. Sec.<BR>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Address for Notices</U>:</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">ConAgra Foods, Inc.


<P align="left" style="font-size: 12pt"><BR>
One ConAgra Drive
<BR>
Omaha, NE 68102
<BR>
Attention:Scott C. Schneider, Vice President and Assistant Treasurer


<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P align="right" style="font-size: 12pt"><B><I>EXHIBIT A</I></B>



<P align="center" style="font-size: 12pt"><B>DEFINITIONS</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Additional<BR>
Incorporated Agreement<BR>
Covenant:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A covenant or agreement that is added to the Incorporated<BR>
Agreement after the date hereof, as such covenant or<BR>
agreement is in effect on the date so added.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Additional<BR>
Incorporated Agreement<BR>
Event of Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">An &#147;Event of Default&#148; that is added to the Incorporated<BR>
Agreement after the date hereof, as such &#147;Event of<BR>
Default&#148; is in effect on the date so added.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Affiliate
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Person, any other Person directly or<BR>
indirectly controlling, controlled by, or under direct or<BR>
indirect common control with, such Person. A Person<BR>
shall be deemed to control a corporation if such Person<BR>
possesses, directly or indirectly, the power to direct or<BR>
cause the direction of the management and policies of<BR>
such corporation, whether through the ownership of voting<BR>
securities, by contract or otherwise.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Agreement:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">This letter agreement, as amended, restated, extended,<BR>
supplemented or otherwise modified in writing from time<BR>
to time.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Authorized Officer:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any of the Chief Executive Officer, the Chief Financial<BR>
Officer, the Controller, the Treasurer, any Assistant<BR>
Treasurer or any other employee of the Borrower who is<BR>
designated in writing to the Lender by any of the<BR>
foregoing and who holds a substantially similar office to<BR>
any of the foregoing.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Base Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For any day, a fluctuating rate per annum equal to the<BR>
higher of (a)&nbsp;the Federal Funds Rate plus 1/2 of 1% and<BR>
(b)&nbsp;the rate of interest in effect for such day as<BR>
publicly announced from time to time by the Lender as its<BR>
&#147;prime rate.&#148; The Lender&#146;s prime rate is a rate set by<BR>
the Lender based upon various factors including the<BR>
Lender&#146;s costs and desired return, general economic<BR>
conditions and other factors, and is used as a reference<BR>
point for pricing some loans, which may be priced at,<BR>
above, or below such announced rate. Any change in the<BR>
prime rate announced by the Lender shall take effect at<BR>
the opening of business on the day specified in the<BR>
public announcement of such change.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Base Rate Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A Borrowing bearing interest based on the Base Rate.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Portions of the Loan of the same Type, made, converted or<BR>
continued on the same date and, in the case of Eurodollar<BR>
Rate Borrowings, as to which a single Interest Period is<BR>
in effect.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Business Day:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any day other than a Saturday, Sunday, or other day on<BR>
which commercial banks are authorized to close under the<BR>
laws of, or are in fact closed in, the State of New York<BR>
or the state where the Lender&#146;s lending office is located<BR>
and, if such day relates to any Eurodollar Rate Borrowing<BR>
or Daily Floating LIBOR Rate Borrowing, means any such<BR>
day on which dealings in Dollar deposits are conducted by<BR>
and between banks in the London interbank eurodollar<BR>
market.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Commitment Termination<BR>
Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">January&nbsp;26, 2016.<BR>
<BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Daily Floating LIBOR<BR>
Rate Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Borrowing when and to the extent the interest rate<BR>
therefore is determined with reference to the definition<BR>
&#147;Daily Floating LIBOR Rate&#148;.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Daily Floating LIBOR<BR>
Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Daily Floating LIBOR Rate Borrowing,<BR>
a fluctuating rate of interest which can change on each<BR>
Business Day. The rate will be adjusted on each Business<BR>
Day to equal the London Interbank Offered Rate (or a<BR>
comparable or successor rate which is approved by the<BR>
Lender) for U.S. Dollar deposits for delivery on the date<BR>
in question for a one month term beginning on that date.<BR>
The Lender will use the London Interbank Offered Rate as<BR>
published by Bloomberg (or other commercially available<BR>
source providing quotations of such rate as selected by<BR>
the Lender from time to time) as determined at<BR>
approximately 11:00&nbsp;a.m. London time two (2)&nbsp;Business<BR>
Days prior to the date in question, as adjusted from time<BR>
to time in the Lender&#146;s sole discretion for reserve<BR>
requirements, deposit insurance assessment rates and<BR>
other regulatory costs. If such rate is not available at<BR>
such time for any reason, then the rate will be<BR>
determined by such alternate method as reasonably<BR>
selected by the Lender in good faith. If the Daily<BR>
Floating LIBOR Rate shall be less than zero, such rate<BR>
shall be deemed zero for purposes of this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any event or condition that constitutes an Event of<BR>
Default or that, with the giving of any notice, the<BR>
passage of time, or both, would be an Event of Default.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Dollar or $:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The lawful currency of the United States of America.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Effective Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The date of execution and delivery by the Borrower and<BR>
the Lender of this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Base Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(a) For any Interest Period with respect to a Eurodollar<BR>
Rate Borrowing, the rate per annum equal to the London<BR>
Interbank Offered Rate or a comparable or successor rate,<BR>
which rate is approved by the Lender, as published on the<BR>
applicable Reuters screen page (or such other<BR>
commercially available source providing such quotations<BR>
as may be designated by the Lender from time to time) at<BR>
approximately 11:00&nbsp;a.m., London time, two Business Days<BR>
prior to the commencement of such Interest Period, for<BR>
Dollar deposits (for delivery on the first day of such<BR>
Interest Period) with a term equivalent to such Interest<BR>
Period;<BR>
(b)&nbsp;For any interest calculation with respect to a Base<BR>
Rate Borrowing on any date, the rate per annum equal to<BR>
the London Interbank Offered Rate, at or about 11:00<BR>
a.m., London time determined two Business Days prior to<BR>
such date for U.S. Dollar deposits with a term of one<BR>
month commencing that day; and<BR>
(c)&nbsp;If the Eurodollar Rate shall be less than zero, such<BR>
rate shall be deemed zero for purposes of this Agreement;<BR>
provided that to the extent a comparable or successor<BR>
rate is approved by the Lender in connection herewith,<BR>
the approved rate shall be applied in a manner consistent<BR>
with market practice; provided, further that to the<BR>
extent such market practice is not administratively<BR>
feasible for the Lender, such approved rate shall be<BR>
applied in a manner as otherwise reasonably determined by<BR>
the Lender.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Rate
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Eurodollar Rate Borrowing for any<BR>
Interest Period, an interest rate per annum (rounded<BR>
upwards, if necessary, to the next 1/16 of 1%) equal to<BR>
the product of (i)&nbsp;the Eurodollar Base Rate for such<BR>
Interest Period multiplied by (ii)&nbsp;the Statutory Reserve<BR>
Rate.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Rate<BR>
Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A Borrowing bearing interest based on the Eurodollar Rate.<BR>
<BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Event of Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Has the meaning set forth in Paragraph&nbsp;5.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Incorporated Agreement:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Revolving Credit Agreement, dated as of September&nbsp;14,<BR>
2011, among the Borrower, JPMorgan Chase Bank, N.A., as<BR>
Administrative Agent and the Banks from time to time<BR>
party thereto, as amended by Amendment No.&nbsp;1 dated as of<BR>
December&nbsp;21, 2012, Amendment No.&nbsp;2 dated as of August&nbsp;27,<BR>
2013, Amendment No.&nbsp;3 dated as of March&nbsp;23, 2015, and<BR>
Amendment No.&nbsp;4 dated as of September&nbsp;21, 2015. Unless<BR>
otherwise specified herein, all references to the<BR>
Incorporated Agreement shall mean the Incorporated<BR>
Agreement as in effect on the date hereof, and except as<BR>
specified herein, without giving effect to any amendment,<BR>
supplement or other modification thereto or thereof after<BR>
the date hereof.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Interest Period:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For each Eurodollar Rate Borrowing, (a)&nbsp;initially, the<BR>
period commencing on the date the Eurodollar Rate<BR>
Borrowing is disbursed or converted from a Base Rate<BR>
Borrowing or Daily Floating LIBOR Rate Borrowing and (b)<BR>
thereafter, the period commencing on the last day of the<BR>
immediately preceding Interest Period, and, in each case,<BR>
ending on the earliest of (x)&nbsp;the Maturity Date, (y)&nbsp;one<BR>
or three months thereafter, as requested by the Borrower<BR>
or (z)&nbsp;such other period that is shorter than three<BR>
months, as the Lender and the Borrower may agree;<BR>
provided that:</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(i) any Interest Period that would otherwise end on a day<BR>
that is not a Business Day shall be extended to the next<BR>
succeeding Business Day unless such Business Day falls in<BR>
another calendar month, in which case such Interest<BR>
Period shall end on the next preceding Business Day; and<BR>
(ii)&nbsp;any Interest Period which begins on the last<BR>
Business Day of a calendar month (or on a day for which<BR>
there is no numerically corresponding day in the calendar<BR>
month at the end of such Interest Period) shall end on<BR>
the last Business Day of the calendar month at the end of<BR>
such Interest Period.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Loan Documents:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">This Agreement, and the promissory note, if any,<BR>
delivered in connection with this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Maturity Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">April&nbsp;26, 2016 or such earlier date on which the<BR>
Commitment may terminate in accordance with the terms<BR>
hereof.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Net Cash Proceeds:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to the sale by the Borrower or any of its<BR>
Subsidiaries of all or any portion of its Private Brands<BR>
assets or sale of the stock of any of its Subsidiaries<BR>
holding such Private Brands assets, the excess, if any,<BR>
of (i)&nbsp;the sum of cash and cash equivalents (determined<BR>
in accordance with GAAP) received in connection with such<BR>
transaction over (ii)&nbsp;the sum of (A)&nbsp;the out-of-pocket<BR>
expenses incurred by the Borrower or such Subsidiary in<BR>
connection with such transaction and (B)&nbsp;income taxes<BR>
reasonably estimated to be actually payable within two<BR>
years of the date of the relevant transaction as a result<BR>
of any gain recognized in connection therewith; provided<BR>
that, if the amount of any estimated taxes pursuant to<BR>
subclause (B)&nbsp;exceeds the amount of taxes actually<BR>
required to be paid in cash in respect of such<BR>
transaction, the aggregate amount of such excess shall<BR>
then constitute Net Cash Proceeds.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Person:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any natural person, corporation, limited liability<BR>
company, trust, joint venture, association, company,<BR>
partnership, governmental authority or other entity.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Private Brands
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The private label operations of the Borrower.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Related Party:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Person, such Person&#146;s Affiliates and<BR>
the partners, directors, officers, employees, agents,<BR>
trustees, administrators, managers and advisors of such<BR>
Person and of such Person&#146;s Affiliates.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Sanctions
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any international economic sanctions administered or<BR>
enforced by the Office of Foreign Assets Control of the<BR>
United States Department of the Treasury, the U.S. State<BR>
Department, the United Nations Security Council, the<BR>
European Union or Her Majesty&#146;s Treasury.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Sanctioned Person
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Person listed in any Sanctions related list of<BR>
designated Persons maintained by the Office of Foreign<BR>
Assets Control of the United States Department of the<BR>
Treasury, the United Nations Security Council, the<BR>
European Union or any European Union member state, or any<BR>
Person controlled by any such Person.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Statutory Reserve Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A fraction (expressed as a decimal), the numerator of<BR>
which is the number one and the denominator of which is<BR>
the number one minus the aggregate of the maximum reserve<BR>
percentages (including any marginal, special, emergency<BR>
or supplemental reserves) expressed as a decimal<BR>
established by the Board to which the Lender is subject<BR>
for eurocurrency funding (currently referred to as<BR>
&#147;Eurocurrency Liabilities&#148; in Regulation&nbsp;D of the Board).<BR>
Such reserve percentages shall include those imposed<BR>
pursuant to such Regulation&nbsp;D. Eurodollar Rate<BR>
Borrowings shall be deemed to constitute eurocurrency<BR>
funding and to be subject to such reserve requirements<BR>
without benefit of or credit for proration, exemptions or<BR>
offsets that may be available from time to time to any<BR>
Bank under such Regulation&nbsp;D or any comparable<BR>
regulation. The Statutory Reserve Rate shall be adjusted<BR>
automatically on and as of the effective date of any<BR>
change in any reserve percentage.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Subsidiary:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Person whose accounts are consolidated with the<BR>
accounts of the Borrower in accordance with GAAP for<BR>
purposes of preparing the financial statements referred<BR>
to in Section&nbsp;5.1 of the Incorporated Agreement.</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Type:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">When used in reference to any Loan or Borrowing, refers<BR>
to whether the rate of interest on such Loan, or the<BR>
Loans comprising such Borrowing, is determined by<BR>
reference to the Eurodollar Rate, Daily Floating LIBOR<BR>
Rate or the Base Rate.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 12pt"><B><I>EXHIBIT B</I></B>



<P align="center" style="font-size: 12pt"><B>FORM OF PROMISSORY NOTE</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="92%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">$200,000,000.00
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt; text-indent: 4%">FOR VALUE RECEIVED, the undersigned, CONAGRA FOODS, INC., a Delaware corporation (the
&#147;<U>Borrower</U>&#148;), hereby promises to pay to the order of GOLDMAN SACHS BANK USA (the
&#147;<U>Lender</U>&#148;) the principal sum of Two Hundred Million Dollars ($200,000,000) or, if less, the
aggregate unpaid principal amount of the Loan made by the Lender to the Borrower pursuant to the
letter agreement, dated as of even date herewith (such letter agreement, as it may be amended,
restated, extended, supplemented or otherwise modified from time to time, being hereinafter called
the &#147;<U>Agreement</U>&#148;), between the Borrower and the Lender, on the Maturity Date. The Borrower
further promises to pay interest on the unpaid principal amount of the Loan evidenced hereby from
time to time at the rates, on the dates, and otherwise as provided in the Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">The loan account records maintained by the Lender shall at all times be conclusive evidence,
absent demonstrable or manifest error, as to the amount of the Loan and payments thereon;
<U>provided</U>, <U>however</U>, that any failure to record the Loan or payment thereon or any
error in doing so shall not limit or otherwise affect the obligation of the Borrower to pay any
amount owing with respect to the Loan.


<P align="left" style="font-size: 12pt; text-indent: 4%">This promissory note is the promissory note referred to in, and is entitled to the benefits
of, the Agreement, which Agreement, among other things, contains provisions for acceleration of the
maturity of the Loan evidenced hereby upon the happening of certain stated events and also for
prepayments on account of principal of the Loan prior to the maturity thereof upon the terms and
conditions therein specified.


<P align="left" style="font-size: 12pt; text-indent: 4%">Unless otherwise defined herein, terms defined in the Agreement are used herein with their
defined meanings therein. This promissory note shall be governed by, and construed in accordance
with, the laws of the State of New York.



<P align="left" style="margin-left:26%; font-size: 12pt"><B>CONAGRA FOODS, INC.</B>



<P align="left" style="margin-left:26%; font-size: 12pt">By:<BR>
Name:<BR>
Title:<BR>


<P align="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->

<P align="right" style="font-size: 12pt"><B><I>EXHIBIT C</I></B>



<P align="center" style="font-size: 12pt"><FONT style="font-size: 11pt"><B>Form of Notice of Borrowing</B></FONT>


<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>

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<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">TO:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Goldman Sachs Bank USA, as lender (the &#147;Lender&#148;)</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">RE:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Letter Agreement, dated as of January&nbsp;15, 2016, by and among ConAgra<BR>
Foods, Inc., a Delaware corporation (the &#147;Borrower&#148;) and the Lender (as<BR>
amended, modified, extended, restated, replaced, or supplemented from<BR>
time to time, the &#147;Term Loan&#148;; capitalized terms used herein and not<BR>
otherwise defined shall have the meanings set forth in the Term Loan)</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">DATE:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;, 2016</DIV></TD>
</TR>
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</TABLE>
</DIV>


<P align="left" style="font-size: 11pt; text-indent: 4%">The undersigned hereby requests (select one):


<P align="left" style="font-size: 11pt; text-indent: 8%">A Borrowing of Loans


<P align="left" style="font-size: 11pt; text-indent: 8%">A &#091;conversion&#093; or &#091;continuation&#093; of Loans


<P>
<HR noshade width="26%" align="center" size="1" color="#000000">
<P>



<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
</TR>

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<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">On
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(the &#147;Loan Extension Date&#148;).</TD>
</TR>
<TR style="font-size: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">In the amount of $<B>.</B><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;<BR></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Comprised of:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Base Rate Borrowings</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="margin-left:15%; font-size: 11pt; text-indent: 5%">Daily Floating LIBOR Rate Borrowings



<P align="left" style="margin-left:15%; font-size: 11pt; text-indent: 5%">Eurodollar Rate Borrowings


<P align="left" style="font-size: 11pt; text-indent: 8%">4.&nbsp;For Eurodollar Rate Borrowings: with an Interest Period of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> months.


<P align="left" style="font-size: 11pt; text-indent: 4%">Delivery of an executed counterpart of a signature page of this notice by fax transmission or
other electronic mail transmission (e.g. &#147;pdf&#148; or &#147;tif&#148;) shall be effective as delivery of a
manually executed counterpart of this notice.



<P align="left" style="margin-left:23%; font-size: 11pt">Very truly yours,
<BR>
ConAgra Foods, Inc.



<P align="left" style="margin-left:26%; font-size: 11pt"><FONT style="font-size: 12pt">By:<BR>
Name:<BR>
Title:<BR>
</FONT>


<P align="center" style="font-size: 10pt; display: none">3




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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exhibit3.htm
<DESCRIPTION>EX-10.3
<TEXT>
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<TITLE> EX-10.3 </TITLE>
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt">Exhibit&nbsp;10.3</FONT>



<P align="left" style="font-size: 12pt">January&nbsp;15, 2016


<P align="left" style="font-size: 12pt">ConAgra Foods, Inc.
<BR>
Eleven ConAgra Drive
<BR>
Omaha, Nebraska 68102
<BR>
Attn: Scott C. Schneider



<P align="left" style="margin-left:8%; font-size: 12pt">Re: <U>Term Loan</U>


<P align="left" style="font-size: 12pt">Ladies and Gentlemen:


<P align="left" style="font-size: 12pt; text-indent: 4%">WELLS FARGO BANK, NATIONAL ASSOCIATION (the &#147;<U>Lender</U>&#148;) is pleased to make available to
CONAGRA FOODS, INC., a Delaware corporation (the &#147;<U>Borrower</U>&#148;), a term loan on the terms and
subject to the conditions set forth below. Terms not defined herein have the meanings assigned to
them in <U>Exhibit&nbsp;A</U> hereto or, if not defined in such Exhibit&nbsp;A, in the Incorporated
Agreement referred to in such Exhibit&nbsp;A.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The Facility</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The Commitment. </B>Subject to the terms and conditions set forth herein,
including without limitation in <U>Paragraph&nbsp;2</U> hereof, the Lender agrees to make
available to the Borrower in a single Borrowing on any Business Day occurring on or
after the Effective Date and prior to the Commitment Termination Date a term loan (the
&#147;<U>Loan</U>&#148;) in an aggregate principal amount not exceeding at any time $200,000,000
(the &#147;<U>Commitment</U>&#148;). Once repaid the Loan may not be reborrowed.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Borrowings, Conversions, Continuations. </B>The Borrower may request that the Loan
(or any portion thereof) be (i)&nbsp;made as or converted to Base Rate Borrowings by
irrevocable notice to be received by the Lender not later than 11:00&nbsp;a.m. CST on the
Business Day of the borrowing or conversion, (ii)&nbsp;made as or converted to Daily
Floating LIBOR Rate Borrowings by irrevocable notice to be received by the Lender not
later than 11:00&nbsp;a.m. CST one Business Day prior to the borrowing or conversion or
(iii)&nbsp;made or continued as, or converted to, Eurodollar Rate Borrowings by irrevocable
notice to be received by the Lender not later than 11:00&nbsp;a.m. CST three Business Days
prior to the Business Day of the borrowing, continuation or conversion. If the
Borrower fails to give a notice of conversion or continuation prior to the end of any
Interest Period in respect of any Eurodollar Rate Borrowing, the Borrower shall be
deemed to have requested that such Loan be converted to a Base Rate Borrowing on the
last day of the applicable Interest Period. If the Borrower requests that a Borrowing
be continued as or converted to a Eurodollar Rate Borrowing, but fails to specify an
Interest Period with respect thereto, the Borrower shall be deemed to have selected an
Interest Period of one month. Notices pursuant to this <U>Paragraph&nbsp;1(b)</U> may be
given by telephone if promptly confirmed in writing.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">Each Eurodollar Rate Borrowing shall be in a principal amount of $5,000,000 or a
whole multiple of $1,000,000 in excess thereof. Each Daily Floating LIBOR Rate
Borrowing or Base Rate Borrowing shall be in a minimum principal amount of
$5,000,000. There shall not be more than four different Interest Periods in effect
at any time.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Interest. </B>At the option of the Borrower, Borrowings shall bear interest at a
rate per annum equal to (i)&nbsp;the Eurodollar Rate <U>plus</U> 1.00%; (ii)&nbsp;the Daily
Floating LIBOR Rate <U>plus</U> 1.00% or (iii)&nbsp;the Base Rate. Interest on Base Rate
Borrowings when the Base Rate is determined by the Lender&#146;s &#147;prime rate&#148; shall be
calculated on the basis of a year of 365 or 366&nbsp;days and actual days elapsed. All
other interest hereunder shall be calculated on the basis of a year of 360&nbsp;days and
actual days elapsed.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">The Borrower promises to pay accrued and unpaid interest (i)&nbsp;for each Eurodollar
Rate Borrowing, (A)&nbsp;on the last day of the applicable Interest Period, and (B)&nbsp;on
the date of any conversion of such Borrowing to a Daily Floating LIBOR Rate
Borrowing or Base Rate Borrowing; (ii)&nbsp;for Daily Floating LIBOR Rate Borrowings and
Base Rate Borrowings, on the last Business Day of each calendar quarter; and (iii)
for all Borrowings, on the Maturity Date. If the time for any payment is extended
by operation of law or otherwise, interest shall continue to accrue for such
extended period.



<P align="left" style="margin-left:8%; font-size: 12pt">After the date any principal amount of the Loan is due and payable (whether on the
Maturity Date, upon acceleration or otherwise), or after any other monetary
obligation hereunder shall have become due and payable (in each case without regard
to any applicable grace periods), the Borrower shall pay, but only to the extent
permitted by law, interest on such past due amounts at a rate per annum equal to the
Base Rate plus 2%. Accrued and unpaid interest on past due amounts shall be payable
on demand.



<P align="left" style="margin-left:8%; font-size: 12pt">In no case shall interest hereunder exceed the amount that the Lender may charge or
collect under applicable law.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Evidence of Loan. </B>The Loan and all payments thereon shall be evidenced by the
Lender&#146;s loan accounts and records; <U>provided</U>, <U>however</U>, that upon the
request of the Lender, the Loan may be evidenced by a promissory note in the form of
<U>Exhibit&nbsp;B</U> hereto in addition to such loan accounts and records. Such loan
accounts, records and promissory note shall be conclusive absent demonstrable or
manifest error of the amount of the Loan and payments thereon. Any failure to record
the Loan or payments thereon or any error in doing so shall not limit or otherwise
affect the obligation of the Borrower to pay any amount owing with respect to the Loan.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Repayment</B>. The Borrower promises to pay the full amount of the Loan then
outstanding on the Maturity Date.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt">The Borrower shall make all payments required hereunder not later than 11:00&nbsp;a.m.
CST on the date of payment in same day funds in Dollars at the office of the Lender
located at 1445 Ross Avenue, Suite&nbsp;2320, MAC T9216-230, Dallas, TX 75202 or such
other address as the Lender may from time to time designate in writing.



<P align="left" style="margin-left:8%; font-size: 12pt">All payments by the Borrower to the Lender hereunder shall be made to the Lender in
full without set-off or counterclaim and free and clear of and exempt from, and
without deduction or withholding for or on account of, any present or future taxes,
levies, imposts, duties or charges of whatsoever nature imposed by any government or
any political subdivision or taxing authority thereof, and the Borrower shall
reimburse the Lender for any taxes imposed on or withheld from such payments, in
each case to the extent (but solely to the extent) and on the same terms as
contemplated by Section&nbsp;2.12 of the Incorporated Agreement, which Section&nbsp;2.12 is
hereby incorporated by reference into this Agreement on the terms set forth in
<U>Paragraph&nbsp;4</U> of this Agreement.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Prepayments. </B><U>Optional</U>. The Borrower may, upon three Business Days&#146;
notice, in the case of Eurodollar Rate Borrowings, upon one Business Day&#146;s notice in
the case of Daily Floating LIBOR Rate Borrowings and upon same-day notice in the case
of Base Rate Borrowings, prepay Borrowings on any Business Day; <U>provided</U> that
on the date of such prepayment, the Borrower pays all costs of the type that would be
reimbursable under Section&nbsp;2.11 of the Incorporated Agreement, which Section&nbsp;2.11 is
hereby incorporated by reference into this Agreement on the terms set forth in
<U>Paragraph&nbsp;4</U> of this Agreement. All prepayments must be accompanied by a
payment of accrued and unpaid interest on the amount so prepaid. Prepayments of
Eurodollar Rate Borrowings must be in a principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof. Prepayments of Daily Floating LIBOR Rate
Borrowings and Base Rate Borrowings must be in a principal amount of at least
$5,000,000 or, if less, the entire principal amount thereof then outstanding.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:8%; font-size: 12pt"><U>Mandatory</U>. Upon Borrower&#146;s receipt of Net Cash Proceeds from the sale of
all or any portion of its Private Brands assets (outside of the ordinary course of
business) or sale of the stock of any of its Subsidiaries holding such Private
Brands assets, the Borrower shall prepay the aggregate principal amount outstanding
under the Loan and accrued and unpaid interest within one Business Day following
receipt thereof.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Commitment Reductions. </B>The Borrower may, upon one Business Day&#146;s notice,
reduce or cancel all (but not less than all) of the Commitment. The Commitment will
automatically terminate upon the earlier of (i)&nbsp;the funding of the Loan and (ii)&nbsp;3:00
P.M. on the Commitment Termination Date if the Loan has not been borrowed at such time.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Conditions Precedent to the Loan</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>As a condition precedent to the borrowing of the Loan hereunder, the Lender
must receive the following from the Borrower in form reasonably satisfactory to the
Lender and, except for items (i)&nbsp;and (ii)&nbsp;below, dated as of the date of the borrowing
of the Loan (it being agreed that the forms delivered to the Administrative Agent under
the Incorporated Agreement, with such changes as are appropriate to refer to this
Agreement, are satisfactory to the Lender):</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>this Agreement duly executed and delivered on behalf of the
Borrower;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>if requested by the Lender at least two Business Days prior to
the borrowing of the Loan, a promissory note as contemplated in
<U>Paragraph&nbsp;1(d)</U> above;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a certificate signed by any Authorized Officer or Secretary or
Assistant Secretary of the Borrower stating that as of the date of the
borrowing of the Loan no Event of Default or Potential Default shall exist and
that the representations and warranties contained in <U>Paragraph&nbsp;3</U> of
this Agreement are true and correct on such date (including, without
limitation, those incorporated herein);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>copies of the Certificate of Incorporation of the Borrower,
together with all amendments, certified by any Authorized Officer or the
Secretary or Assistant Secretary of the Borrower, and a certificate of good
standing, certified on or within ten days prior to the date hereof by the
Secretary of State of Delaware;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>copies, certified by any Authorized Officer or the Secretary or
Assistant Secretary of the Borrower, of its By-Laws and its Board of Directors&#146;
resolutions, authorizing the execution, delivery and performance of the this
Agreement and the Loan Documents;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>an incumbency certificate, executed by any Authorized Officer
or the Secretary or Assistant Secretary of the Borrower, which shall identify
by name and title and bear the signature of the officers of the Borrower
authorized to sign the Loan Documents and to sign any other documents and
notices in connection with this Agreement and to make borrowings under this
Agreement (on which the Lender shall be entitled to rely until informed of any
change in writing by the Borrower);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(vii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a written opinion of the Borrower&#146;s counsel, Jones Day,
addressed to the Lender;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(viii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a notice of borrowing (in the form of Exhibit&nbsp;C hereto);</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ix)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>each representation and warranty set forth or referred to in
<U>Section&nbsp;3</U> below shall be true and correct in all material respects as
if made on the date of such borrowing; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(x)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no Default or Event of Default shall have occurred and be
continuing on the date of such borrowing.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Representations and Warranties. </B>The Borrower hereby makes for the benefit of the Lender each
of the representations and warranties of the Borrower contained in Article&nbsp;4 (Representations
and Warranties) of the Incorporated Agreement; <U>provided</U> that each reference in such
representations and warranties to &#147;the date of this Agreement&#148; or words to such effect shall
be deemed to refer to the date of the Borrowing under this Agreement. The representations and
warranties of the Borrower referred to in the preceding sentence (including all exhibits,
schedules and defined terms referred to therein) are hereby incorporated herein by reference
as if set forth in full herein with appropriate substitutions including the substitutions
provided in clauses (a)&nbsp;through (h)&nbsp;of <U>Paragraph&nbsp;4</U> of this Agreement and the
provisions of the penultimate sentence of Paragraph&nbsp;4.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">The Borrower hereby further represents and warrants as follows:



<P align="left" style="margin-left:8%; font-size: 12pt"><B>OFAC and FCPA. </B>Neither the Borrower nor any of its Subsidiaries, nor any director
or officer thereof, nor, to the knowledge of the Borrower, any employee, affiliate,
or agent of the Borrower or its Subsidiaries is a Sanctioned Person. The Borrower
and its Subsidiaries</FONT><FONT style="font-size: 16pt"> </FONT><FONT style="font-size: 12pt">and their respective directors, officers and
employees and, to the knowledge of the Borrower, agents (in each case in their
capacity as such) are in compliance in all material respects with all applicable
Sanctions and with the Foreign Corrupt Practices Act of 1977, as amended (the
&#147;<B>FCPA</B>&#148;), and all other applicable anti-corruption laws. Neither the Loan, nor the
proceeds from the Loan, will be used, directly or indirectly, to lend, contribute,
provide or will otherwise be made available (i)&nbsp;to fund any activity or business of
or with any Sanctioned Person, except to the extent licensed by OFAC or otherwise
authorized under U.S. law, (ii)&nbsp;in violation of the FCPA or any other applicable
anti-corruption laws or anti-money laundering laws, or (iii)&nbsp;in any other manner
that would result in the violation of applicable Sanctions by the Borrower or the
Lender.
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Covenants. </B>So long as principal of and interest on the Loan or any other amount payable
hereunder or under any other Loan Document remains unpaid or unsatisfied and the Commitment
has not been terminated, the Borrower shall comply with all the covenants and agreements
applicable to it contained in Articles 5 (Affirmative Covenants) and 6 (Negative Covenants) of
the Incorporated Agreement other than Section&nbsp;5.2, Section&nbsp;6.1 and Section&nbsp;6.3 of the
Incorporated Agreement, including for purposes of this <U>Paragraph&nbsp;4</U> each Additional
Incorporated Agreement Covenant. The covenants and agreements of the Borrower referred to in
the preceding sentence (including all exhibits, schedules and defined terms referred to
therein) are hereby (or, in the case of each Additional Incorporated Agreement Covenant,
shall, upon its effectiveness, be) incorporated herein by reference as if set forth in full
herein with appropriate substitutions, including the following:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;this Agreement&#148; </B>shall be deemed to be references to this
Agreement;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;the Company&#148; </B>shall be deemed to be references to the
Borrower;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;the Administrative Agent&#148;</B>, <B>&#147;the Banks&#148;</B>, <B>&#147;the Credit Parties&#148;</B>
and the <B>&#147;Required Banks&#148; </B>shall be deemed to be references to the Lender;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to <B>&#147;Potential Default&#148; </B>and <B>&#147;Event of Default&#148; </B>shall be deemed to
be references to a Default and an Event of Default, respectively;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Revolving Loans</B>&#148;, &#147;<B>Loan</B>&#148; or &#147;<B>Loans</B>&#148; shall be deemed to be
references to the Loan;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Obligations</B>&#148; shall be deemed to be references to obligations
under this Agreement;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Loan Documents</B>&#148; shall be deemed to be references to the Loan
Documents; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all references to &#147;<B>Notes</B>&#148; shall be deemed to be references to the promissory
note contemplated by <U>Paragraph&nbsp;1(d)</U> above, if any.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">The Borrower also hereby agrees to use the proceeds of the Loan solely to repay a portion of
amounts outstanding under the Borrower&#146;s $750,000,000 principal amount of 1.30% Senior Notes
due January&nbsp;25, 2016.



<P align="left" style="margin-left:4%; font-size: 12pt">All such covenants, representations and warranties and other agreements so incorporated
herein by reference shall survive any termination, cancellation, discharge or replacement of
the Incorporated Agreement.



<P align="left" style="margin-left:4%; font-size: 12pt">Any financial statements, certificates or other documents received by the Lender under the
Incorporated Agreement shall be deemed delivered hereunder.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Events of Default. </B>The following are &#147;<U>Events of Default</U>&#148;:</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to pay any principal of the Loan as and on the date when
due; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to pay any accrued and unpaid interest on the Loan or any
portion thereof, within three Business Days after the date when due; or the Borrower
fails to pay any other fee or amount payable to the Lender under any Loan Document, or
any portion thereof, within five Business Days after the date due; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Borrower fails to comply with any covenant or agreement incorporated herein
by reference pursuant to <U>Paragraph&nbsp;4</U> above, subject to any applicable grace
period and/or notice requirement set forth in Section&nbsp;7.1 of the Incorporated Agreement
(it being understood and agreed that any such notice requirement of Section&nbsp;7.1.6 of
the Incorporated Agreement shall be met by the Lender&#146;s giving the applicable notice to
the Borrower hereunder); or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any representation, warranty or certification made or deemed made by or on
behalf of the Borrower herein, in any other Loan Document or in any writing furnished
pursuant to this Agreement shall be incorrect or misleading in any material respect on
the date when made or deemed made; or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any &#147;Event of Default&#148; specified in Section&nbsp;7.1 of the Incorporated Agreement
(including for purposes of this <U>Paragraph&nbsp;5(e)</U> each Additional Incorporated
Agreement Event of Default) occurs and is continuing, without giving effect to any
waiver or amendment thereof pursuant to the Incorporated Agreement, it being agreed
that each such &#147;Event of Default&#148; shall survive any termination, cancellation,
discharge or replacement of the Incorporated Agreement.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:4%; font-size: 12pt">Upon the occurrence of an Event of Default, the Lender may declare the Commitment to be
terminated, whereupon the Commitment shall be terminated, and/or declare all sums
outstanding hereunder and under the other Loan Documents, including all accrued and unpaid
interest thereon, to be immediately due and payable, whereupon the same shall become and be
immediately due and payable, without notice of default, presentment or demand for payment,
protest or notice of nonpayment or dishonor, or other notices or demands of any kind or
character, all of which are hereby expressly waived; <U>provided</U>, <U>however</U>, that
upon the occurrence of an actual or deemed entry of an order for relief with respect to the
Borrower under the Bankruptcy Code of the United States of America, the Commitment shall
automatically terminate, and all sums outstanding hereunder and under each other Loan
Document, including all accrued and unpaid interest thereon, shall become and be immediately
due and payable, without notice of default, presentment or demand for payment, protest or
notice of nonpayment or dishonor, or other notices or demands of any kind or character, all
of which are hereby expressly waived.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Miscellaneous</B>.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unless otherwise specified, all references herein and in the other Loan
Documents to any time of day shall mean the local (standard or daylight, as in effect)
time of New York City.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If at any time the Eurodollar market or the Daily Floating LIBOR market, as
applicable, is not available to the Lender, or it is reasonably determined that (i)
adequate and reasonable means do not exist for determining the Eurodollar Rate or the
Daily Floating LIBOR Rate, or (ii)&nbsp;the Eurodollar Rate or the Daily Floating LIBOR Rate
does not accurately reflect the funding cost to the Lender of making the Loan, the
Lender and the Borrower will cooperate in good faith to agree on an alternative rate.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower agrees to reimburse the Lender for increased costs on the same
terms as provided in Section&nbsp;2.13 (Increased Costs) of the Incorporated Agreement, and
the provisions of such Section&nbsp;2.13 are hereby incorporated herein by reference on the
terms set forth in <U>Paragraph&nbsp;4</U> of this Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No amendment or waiver of any provision of this Agreement (including any
provision of the Incorporated Agreement incorporated herein by reference and any waiver
of <U>Paragraph&nbsp;5(d)</U> or <U>Paragraph&nbsp;5(e)</U> above) or of any other Loan
Document and no consent by the Lender to any departure therefrom by the Borrower shall
be effective unless such amendment, waiver or consent shall be in writing and signed by
the Borrower and the Lender, and any such amendment, waiver or consent shall then be
effective only for the period and on the conditions and for the specific instance
specified in such writing. No failure or delay by the Lender in exercising any right,
power or privilege hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the exercise
of any other rights, power or privilege.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as otherwise expressly provided herein, notices and other communications
to each party provided for herein shall be in writing and shall be delivered in the
manner provided in Section&nbsp;13 of the Incorporated Agreement, to the address provided
for the Borrower or Lender, as the case may be, on such party&#146;s signature page to this
Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Lender shall be entitled to rely and act upon any notices (including
telephonic notices of borrowings, conversions and continuations) purportedly given by
or on behalf of the Borrower and which the Lender in good faith believes to be on
behalf of the Borrower even if (i)&nbsp;such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii)&nbsp;the terms thereof, as understood by the recipient, varied
from any confirmation thereof.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(g)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement shall inure to the benefit of the parties hereto and their
respective successors and assigns, except that the Borrower may not assign its rights
and obligations hereunder. The Lender may at any time assign all or any part of its
rights and obligations hereunder to any other Person solely with the prior written
consent of the Borrower, <U>provided</U> that no such consent shall be required (i)&nbsp;if
an Event of Default exists or (ii)&nbsp;if the assignment is to an Affiliate of the Lender
provided, further, that the Lender shall give prompt notice to the Borrower following
such an assignment to an Affiliate. The Borrower agrees to execute any documents
reasonably requested by the Lender in connection with any such assignment. All
information concerning the creditworthiness of the Borrower and its Subsidiaries
provided by or on behalf of the Borrower to the Lender or its Affiliates may be
furnished by the Lender to its Affiliates and to any actual or proposed assignee;
provided that such actual or proposed assignee agrees to be bound (with the Borrower an
express third party beneficiary) by the confidentiality provisions set forth in Section
10.13 of the Incorporated Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(h)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower shall reimburse the Lender, on demand, all reasonable, invoiced
out-of-pocket expenses and legal fees incurred by the Lender in connection with the
enforcement of this Agreement or any instruments or agreements executed in connection
herewith. The obligations of the Borrower under this <U>Paragraph&nbsp;6(h)</U> shall
survive the termination of this Agreement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Borrower shall indemnify the Lender and each Related Party thereof (each,
an &#147;<U>Indemnified Party</U>&#148;) from and against any and all claims, damages, losses,
liabilities and expenses (limited, in the case of legal fees and expenses, to the
reasonable, invoiced (in reasonable detail) fees, disbursements and other charges of a
single external counsel to the Indemnified Parties) that are incurred by or asserted or
awarded against any Indemnified Party, in each case to the extent arising out of or in
connection with or by reason of (including, without limitation, in connection with any
investigation, litigation or proceeding or preparation of a defense in connection
therewith) relating to the Loan or any use made or proposed to be made with the
proceeds thereof, except to the extent such claim, damage, loss, liability or expense
is found in a final, nonappealable judgment by a court of competent jurisdiction to
have resulted from such Indemnified Party&#146;s (or any Related Party&#146;s (limited (A)&nbsp;in the
case of Affiliates, to Affiliates directly involved in the transactions contemplated
hereby and (B)&nbsp;in the case of agents and advisors, to agents and advisors acting at the
direction of such Indemnified Party)) bad faith, gross negligence, willful misconduct
or material breach of its obligations under this Agreement. In the case of an
investigation, litigation or proceeding to which the indemnity in this Paragraph
applies, such indemnity shall be effective whether or not such investigation,
litigation or proceeding is brought by the Borrower, its equityholders or creditors or
an Indemnified Party, whether or not an Indemnified Party is otherwise a party thereto
and whether or not the transactions contemplated hereby are consummated. Each party
hereto also agrees that no other party hereto shall have any liability (whether direct
or indirect, in contract or tort or otherwise) to any other party hereto or its
Subsidiaries or Affiliates, or to their respective equity holders or creditors arising
out of, related to or in connection with any aspect of the transactions contemplated
hereby, for special, indirect, consequential or punitive damages (except in the case of
a claim by an Indemnified Party against the Borrower, to the extent such damages would
otherwise be subject to indemnification pursuant to the terms of this <U>Paragraph
6(i))</U>. The agreements in this <U>Paragraph&nbsp;6(i)</U> shall survive the termination
of the Commitment and the repayment, satisfaction or discharge of all the other
obligations and liabilities of the Borrower under the Loan Documents.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(j)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If any provision of this Agreement or the other Loan Documents is held to be
illegal, invalid or unenforceable, (i)&nbsp;the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be
affected or impaired thereby and (ii)&nbsp;the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the
illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(k)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This Agreement may be executed in one or more counterparts, and each
counterpart, when so executed, shall be deemed an original but all such counterparts
shall constitute one and the same instrument.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(l)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS ARE GOVERNED BY, AND SHALL BE
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO
HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
NONEXCLUSIVE JURISDICTION OF THE FEDERAL AND STATE COURTS IN THE COUNTY OF NEW YORK, IN
ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, OR
FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH PARTY IRREVOCABLY CONSENTS TO THE
SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF
COPIES OF SUCH PROCESS TO ITS ADDRESS SET FORTH BENEATH ITS SIGNATURE HERETO. EACH
PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT
IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN
BROUGHT IN AN INCONVENIENT FORUM.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(m)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THE BORROWER AND THE LENDER EACH WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY
JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
AGREEMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(n)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Lender hereby notifies the Borrower that pursuant to the requirements of
the USA PATRIOT Act (Title III of Pub.L. 107-56 (signed into law October&nbsp;26, 2001))
(the &#147;<U>Act</U>&#148;), the Lender is required to obtain, verify and record information
that identifies the Borrower, which information includes the name and address of the
Borrower and other information that will allow the Lender to identify the Borrower in
accordance with the Act.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(o)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS
BETWEEN THE PARTIES REGARDING THE SUBJECT MATTER OF THIS AGREEMENT.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt; text-indent: 4%">Please indicate your acceptance of the Commitment on the foregoing terms and conditions by
returning an executed copy of this Agreement to the undersigned not later than January&nbsp;19, 2016.


<P align="left" style="font-size: 12pt"><B>WELLS FARGO BANK, NATIONAL ASSOCIATION</B>


<P align="left" style="font-size: 12pt">By: <U>/s/ Daniel R. Van Aken </U><BR>
Name: Daniel R. Van Aken<BR>
Title: Director<BR>
<BR>
<BR>
<U>Address for Notices</U>:<BR>
Wells Fargo & Company<BR>
US Corporate Banking<BR>
MAC T9216-230<BR>
1445 Ross Avenue, Suite&nbsp;2320<BR>
Dallas, TX 75202<BR>
Attention: Greg Campbell


<P align="left" style="font-size: 12pt"><I>Accepted and Agreed to as of the date first written above:</I>


<P align="left" style="font-size: 12pt"><B>CONAGRA FOODS, INC.</B>


<P align="left" style="font-size: 12pt">By: <U>/s/ Scott E. Messel </U><BR>
Name: Scott E. Messel<BR>
Title: SVP, Treasurer and Asst. Corp. Sec.<BR>
<BR>
<BR>
<U>Address for Notices</U>:<BR>
ConAgra Foods, Inc.<BR>
One ConAgra Drive<BR>
Omaha, NE 68102<BR>
Attention: Scott C. Schneider, Vice President and Assistant Treasurer


<P align="right" style="font-size: 12pt"><B><I>EXHIBIT A</I></B>



<P align="center" style="font-size: 12pt"><B>DEFINITIONS</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Additional<BR>
Incorporated Agreement<BR>
Covenant:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A covenant or agreement that is added to the Incorporated<BR>
Agreement after the date hereof, as such covenant or<BR>
agreement is in effect on the date so added.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Additional<BR>
Incorporated Agreement<BR>
Event of Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">An &#147;Event of Default&#148; that is added to the Incorporated<BR>
Agreement after the date hereof, as such &#147;Event of<BR>
Default&#148; is in effect on the date so added.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Affiliate
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Person, any other Person directly or<BR>
indirectly controlling, controlled by, or under direct or<BR>
indirect common control with, such Person. A Person<BR>
shall be deemed to control a corporation if such Person<BR>
possesses, directly or indirectly, the power to direct or<BR>
cause the direction of the management and policies of<BR>
such corporation, whether through the ownership of voting<BR>
securities, by contract or otherwise.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Agreement:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">This letter agreement, as amended, restated, extended,<BR>
supplemented or otherwise modified in writing from time<BR>
to time.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Authorized Officer:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any of the Chief Executive Officer, the Chief Financial<BR>
Officer, the Controller, the Treasurer, any Assistant<BR>
Treasurer or any other employee of the Borrower who is<BR>
designated in writing to the Lender by any of the<BR>
foregoing and who holds a substantially similar office to<BR>
any of the foregoing.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Base Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For any day, a fluctuating rate per annum equal to the<BR>
higher of (a)&nbsp;the Federal Funds Rate plus 1/2 of 1% and<BR>
(b)&nbsp;the rate of interest in effect for such day as<BR>
publicly announced from time to time by the Lender as its<BR>
&#147;prime rate.&#148; The Lender&#146;s prime rate is a rate set by<BR>
the Lender based upon various factors including the<BR>
Lender&#146;s costs and desired return, general economic<BR>
conditions and other factors, and is used as a reference<BR>
point for pricing some loans, which may be priced at,<BR>
above, or below such announced rate. Any change in the<BR>
prime rate announced by the Lender shall take effect at<BR>
the opening of business on the day specified in the<BR>
public announcement of such change.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Base Rate Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A Borrowing bearing interest based on the Base Rate.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Portions of the Loan of the same Type, made, converted or<BR>
continued on the same date and, in the case of Eurodollar<BR>
Rate Borrowings, as to which a single Interest Period is<BR>
in effect.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Business Day:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any day other than a Saturday, Sunday, or other day on<BR>
which commercial banks are authorized to close under the<BR>
laws of, or are in fact closed in, the State of New York<BR>
or the state where the Lender&#146;s lending office is located<BR>
and, if such day relates to any Eurodollar Rate Borrowing<BR>
or Daily Floating LIBOR Rate Borrowing, means any such<BR>
day on which dealings in Dollar deposits are conducted by<BR>
and between banks in the London interbank eurodollar<BR>
market.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Commitment Termination<BR>
Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">January&nbsp;26, 2016.<BR>
<BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Daily Floating LIBOR<BR>
Rate Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Borrowing when and to the extent the interest rate<BR>
therefore is determined with reference to the definition<BR>
&#147;Daily Floating LIBOR Rate&#148;.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Daily Floating LIBOR<BR>
Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Daily Floating LIBOR Rate Borrowing,<BR>
a fluctuating rate of interest which can change on each<BR>
Business Day. The rate will be adjusted on each Business<BR>
Day to equal the London Interbank Offered Rate (or a<BR>
comparable or successor rate which is approved by the<BR>
Lender) for U.S. Dollar deposits for delivery on the date<BR>
in question for a one month term beginning on that date.<BR>
The Lender will use the London Interbank Offered Rate as<BR>
published by Bloomberg (or other commercially available<BR>
source providing quotations of such rate as selected by<BR>
the Lender from time to time) as determined at<BR>
approximately 11:00&nbsp;a.m. London time two (2)&nbsp;Business<BR>
Days prior to the date in question, as adjusted from time<BR>
to time in the Lender&#146;s sole discretion for reserve<BR>
requirements, deposit insurance assessment rates and<BR>
other regulatory costs. If such rate is not available at<BR>
such time for any reason, then the rate will be<BR>
determined by such alternate method as reasonably<BR>
selected by the Lender in good faith. If the Daily<BR>
Floating LIBOR Rate shall be less than zero, such rate<BR>
shall be deemed zero for purposes of this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any event or condition that constitutes an Event of<BR>
Default or that, with the giving of any notice, the<BR>
passage of time, or both, would be an Event of Default.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Dollar or $:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The lawful currency of the United States of America.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Effective Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The date of execution and delivery by the Borrower and<BR>
the Lender of this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Base Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(a) For any Interest Period with respect to a Eurodollar<BR>
Rate Borrowing, the rate per annum equal to the London<BR>
Interbank Offered Rate or a comparable or successor rate,<BR>
which rate is approved by the Lender, as published on the<BR>
applicable Reuters screen page (or such other<BR>
commercially available source providing such quotations<BR>
as may be designated by the Lender from time to time) at<BR>
approximately 11:00&nbsp;a.m., London time, two Business Days<BR>
prior to the commencement of such Interest Period, for<BR>
Dollar deposits (for delivery on the first day of such<BR>
Interest Period) with a term equivalent to such Interest<BR>
Period;<BR>
(b)&nbsp;For any interest calculation with respect to a Base<BR>
Rate Borrowing on any date, the rate per annum equal to<BR>
the London Interbank Offered Rate, at or about 11:00<BR>
a.m., London time determined two Business Days prior to<BR>
such date for U.S. Dollar deposits with a term of one<BR>
month commencing that day; and<BR>
(c)&nbsp;If the Eurodollar Rate shall be less than zero, such<BR>
rate shall be deemed zero for purposes of this Agreement;<BR>
provided that to the extent a comparable or successor<BR>
rate is approved by the Lender in connection herewith,<BR>
the approved rate shall be applied in a manner consistent<BR>
with market practice; provided, further that to the<BR>
extent such market practice is not administratively<BR>
feasible for the Lender, such approved rate shall be<BR>
applied in a manner as otherwise reasonably determined by<BR>
the Lender.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Rate
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Eurodollar Rate Borrowing for any<BR>
Interest Period, an interest rate per annum (rounded<BR>
upwards, if necessary, to the next 1/16 of 1%) equal to<BR>
the product of (i)&nbsp;the Eurodollar Base Rate for such<BR>
Interest Period multiplied by (ii)&nbsp;the Statutory Reserve<BR>
Rate.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Eurodollar Rate<BR>
Borrowing:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A Borrowing bearing interest based on the Eurodollar Rate.<BR>
<BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Event of Default:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Has the meaning set forth in Paragraph&nbsp;5.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Incorporated Agreement:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Revolving Credit Agreement, dated as of September&nbsp;14,<BR>
2011, among the Borrower, JPMorgan Chase Bank, N.A., as<BR>
Administrative Agent and the Banks from time to time<BR>
party thereto, as amended by Amendment No.&nbsp;1 dated as of<BR>
December&nbsp;21, 2012, Amendment No.&nbsp;2 dated as of August&nbsp;27,<BR>
2013, Amendment No.&nbsp;3 dated as of March&nbsp;23, 2015, and<BR>
Amendment No.&nbsp;4 dated as of September&nbsp;21, 2015. Unless<BR>
otherwise specified herein, all references to the<BR>
Incorporated Agreement shall mean the Incorporated<BR>
Agreement as in effect on the date hereof, and except as<BR>
specified herein, without giving effect to any amendment,<BR>
supplement or other modification thereto or thereof after<BR>
the date hereof.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Interest Period:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For each Eurodollar Rate Borrowing, (a)&nbsp;initially, the<BR>
period commencing on the date the Eurodollar Rate<BR>
Borrowing is disbursed or converted from a Base Rate<BR>
Borrowing or Daily Floating LIBOR Rate Borrowing and (b)<BR>
thereafter, the period commencing on the last day of the<BR>
immediately preceding Interest Period, and, in each case,<BR>
ending on the earliest of (x)&nbsp;the Maturity Date, (y)&nbsp;one<BR>
or three months thereafter, as requested by the Borrower<BR>
or (z)&nbsp;such other period that is shorter than three<BR>
months, as the Lender and the Borrower may agree;<BR>
provided that:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(i) any Interest Period that would otherwise end on a day<BR>
that is not a Business Day shall be extended to the next<BR>
succeeding Business Day unless such Business Day falls in<BR>
another calendar month, in which case such Interest<BR>
Period shall end on the next preceding Business Day; and<BR>
(ii)&nbsp;any Interest Period which begins on the last<BR>
Business Day of a calendar month (or on a day for which<BR>
there is no numerically corresponding day in the calendar<BR>
month at the end of such Interest Period) shall end on<BR>
the last Business Day of the calendar month at the end of<BR>
such Interest Period.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Loan Documents:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">This Agreement, and the promissory note, if any,<BR>
delivered in connection with this Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Maturity Date:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">April&nbsp;26, 2016 or such earlier date on which the<BR>
Commitment may terminate in accordance with the terms<BR>
hereof.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Net Cash Proceeds:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to the sale by the Borrower or any of its<BR>
Subsidiaries of all or any portion of its Private Brands<BR>
assets or sale of the stock of any of its Subsidiaries<BR>
holding such Private Brands assets, the excess, if any,<BR>
of (i)&nbsp;the sum of cash and cash equivalents (determined<BR>
in accordance with GAAP) received in connection with such<BR>
transaction over (ii)&nbsp;the sum of (A)&nbsp;the out-of-pocket<BR>
expenses incurred by the Borrower or such Subsidiary in<BR>
connection with such transaction and (B)&nbsp;income taxes<BR>
reasonably estimated to be actually payable within two<BR>
years of the date of the relevant transaction as a result<BR>
of any gain recognized in connection therewith; provided<BR>
that, if the amount of any estimated taxes pursuant to<BR>
subclause (B)&nbsp;exceeds the amount of taxes actually<BR>
required to be paid in cash in respect of such<BR>
transaction, the aggregate amount of such excess shall<BR>
then constitute Net Cash Proceeds.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Person:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any natural person, corporation, limited liability<BR>
company, trust, joint venture, association, company,<BR>
partnership, governmental authority or other entity.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Private Brands
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The private label operations of the Borrower.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Related Party:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With respect to any Person, such Person&#146;s Affiliates and<BR>
the partners, directors, officers, employees, agents,<BR>
trustees, administrators, managers and advisors of such<BR>
Person and of such Person&#146;s Affiliates.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Sanctions
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any international economic sanctions administered or<BR>
enforced by the Office of Foreign Assets Control of the<BR>
United States Department of the Treasury, the U.S. State<BR>
Department, the United Nations Security Council, the<BR>
European Union or Her Majesty&#146;s Treasury.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Sanctioned Person
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Person listed in any Sanctions related list of<BR>
designated Persons maintained by the Office of Foreign<BR>
Assets Control of the United States Department of the<BR>
Treasury, the United Nations Security Council, the<BR>
European Union or any European Union member state, or any<BR>
Person controlled by any such Person.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Statutory Reserve Rate:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A fraction (expressed as a decimal), the numerator of<BR>
which is the number one and the denominator of which is<BR>
the number one minus the aggregate of the maximum reserve<BR>
percentages (including any marginal, special, emergency<BR>
or supplemental reserves) expressed as a decimal<BR>
established by the Board to which the Lender is subject<BR>
for eurocurrency funding (currently referred to as<BR>
&#147;Eurocurrency Liabilities&#148; in Regulation&nbsp;D of the Board).<BR>
Such reserve percentages shall include those imposed<BR>
pursuant to such Regulation&nbsp;D. Eurodollar Rate<BR>
Borrowings shall be deemed to constitute eurocurrency<BR>
funding and to be subject to such reserve requirements<BR>
without benefit of or credit for proration, exemptions or<BR>
offsets that may be available from time to time to any<BR>
Bank under such Regulation&nbsp;D or any comparable<BR>
regulation. The Statutory Reserve Rate shall be adjusted<BR>
automatically on and as of the effective date of any<BR>
change in any reserve percentage.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Subsidiary:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any Person whose accounts are consolidated with the<BR>
accounts of the Borrower in accordance with GAAP for<BR>
purposes of preparing the financial statements referred<BR>
to in Section&nbsp;5.1 of the Incorporated Agreement.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">Type:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">When used in reference to any Loan or Borrowing, refers<BR>
to whether the rate of interest on such Loan, or the<BR>
Loans comprising such Borrowing, is determined by<BR>
reference to the Eurodollar Rate, Daily Floating LIBOR<BR>
Rate or the Base Rate.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 12pt"><B><I>EXHIBIT B</I></B>



<P align="center" style="font-size: 12pt"><B>FORM OF PROMISSORY NOTE</B>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="83%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">$200,000,000.00
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt; text-indent: 4%">FOR VALUE RECEIVED, the undersigned, CONAGRA FOODS, INC., a Delaware corporation (the
&#147;<U>Borrower</U>&#148;), hereby promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION
(the &#147;<U>Lender</U>&#148;) the principal sum of Two Hundred Million Dollars ($200,000,000) or, if less,
the aggregate unpaid principal amount of the Loan made by the Lender to the Borrower pursuant to
the letter agreement, dated as of even date herewith (such letter agreement, as it may be amended,
restated, extended, supplemented or otherwise modified from time to time, being hereinafter called
the &#147;<U>Agreement</U>&#148;), between the Borrower and the Lender, on the Maturity Date. The Borrower
further promises to pay interest on the unpaid principal amount of the Loan evidenced hereby from
time to time at the rates, on the dates, and otherwise as provided in the Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">The loan account records maintained by the Lender shall at all times be conclusive evidence,
absent demonstrable or manifest error, as to the amount of the Loan and payments thereon;
<U>provided</U>, <U>however</U>, that any failure to record the Loan or payment thereon or any
error in doing so shall not limit or otherwise affect the obligation of the Borrower to pay any
amount owing with respect to the Loan.


<P align="left" style="font-size: 12pt; text-indent: 4%">This promissory note is the promissory note referred to in, and is entitled to the benefits
of, the Agreement, which Agreement, among other things, contains provisions for acceleration of the
maturity of the Loan evidenced hereby upon the happening of certain stated events and also for
prepayments on account of principal of the Loan prior to the maturity thereof upon the terms and
conditions therein specified.


<P align="left" style="font-size: 12pt; text-indent: 4%">Unless otherwise defined herein, terms defined in the Agreement are used herein with their
defined meanings therein. This promissory note shall be governed by, and construed in accordance
with, the laws of the State of New York.



<P align="left" style="margin-left:26%; font-size: 12pt"><B>CONAGRA FOODS, INC.</B>



<P align="left" style="margin-left:26%; font-size: 12pt">By:<BR>
Name:<BR>
Title:<BR>


<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P align="right" style="font-size: 12pt"><B><I>EXHIBIT C</I></B>



<P align="center" style="font-size: 12pt"><FONT style="font-size: 11pt"><B>Form of Notice of Borrowing</B></FONT>


<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="92%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">TO:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wells Fargo Bank, National Association, as lender (the &#147;Lender&#148;)</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">RE:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Letter Agreement, dated as of January&nbsp;15, 2016, by and among ConAgra<BR>
Foods, Inc., a Delaware corporation (the &#147;Borrower&#148;) and the Lender (as<BR>
amended, modified, extended, restated, replaced, or supplemented from<BR>
time to time, the &#147;Term Loan&#148;; capitalized terms used herein and not<BR>
otherwise defined shall have the meanings set forth in the Term Loan)</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">DATE:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#091;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;, 2016</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 11pt; text-indent: 4%">The undersigned hereby requests (select one):


<P align="left" style="font-size: 11pt; text-indent: 8%">A Borrowing of Loans


<P align="left" style="font-size: 11pt; text-indent: 8%">A &#091;conversion&#093; or &#091;continuation&#093; of Loans


<P>
<HR noshade width="26%" align="center" size="1" color="#000000">
<P>



<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">On
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(the &#147;Loan Extension Date&#148;).</TD>
</TR>
<TR style="font-size: 1px">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">In the amount of $<B>.</B><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Comprised of:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Base Rate Borrowings</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="margin-left:15%; font-size: 11pt; text-indent: 5%">Daily Floating LIBOR Rate Borrowings



<P align="left" style="margin-left:15%; font-size: 11pt; text-indent: 5%">Eurodollar Rate Borrowings


<P align="left" style="font-size: 11pt; text-indent: 8%">4.&nbsp;For Eurodollar Rate Borrowings: with an Interest Period of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> months.


<P align="left" style="font-size: 11pt; text-indent: 4%">Delivery of an executed counterpart of a signature page of this notice by fax transmission or
other electronic mail transmission (e.g. &#147;pdf&#148; or &#147;tif&#148;) shall be effective as delivery of a
manually executed counterpart of this notice.



<P align="left" style="margin-left:23%; font-size: 11pt">Very truly yours,
<BR>
ConAgra Foods, Inc.



<P align="left" style="margin-left:26%; font-size: 11pt"><FONT style="font-size: 12pt">By:<BR>
Name:<BR>
Title:<BR>
</FONT>


<P align="center" style="font-size: 10pt; display: none">2




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