March 31, 2004 Smithfield Foods, Inc.

EXHIBIT 4.7(h)

 

▇▇▇▇▇ ▇▇, ▇▇▇▇

 

▇▇▇▇▇▇▇▇▇▇ Foods, Inc.

 

To the Obligors party to the

Credit Agreement referred to

below

 

Ladies and Gentlemen:

 

We refer (i) to the Multi-Year Credit Agreement dated as of December 6, 2001 (the “Credit Agreement”) between Smithfield Foods, Inc. (the “Borrower”), the Subsidiary Guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, as administrative agent and (ii) the Consent dated as of October 31, 2003 (the “Consent”) pursuant to which such lenders consented to the sale by the Borrower of all the issued and outstanding shares of Smithfield Canada Limited and 2004171 Ontario Inc. to Maple Leaf Foods, Inc.

 

The Administrative Agent has been granted authority by the Required Lenders (as defined in the Credit Agreement) to execute and deliver this letter. This letter constitutes the agreement of the Required Lenders and the Administrative Agent with the Borrower and the Subsidiary Guarantors party to the Credit Agreement that the date by which the sale to Maple Leaf Foods, Inc., is to be finalized and all related cash consideration is to be received be extended from April 1, 2004 to April 30, 2004. Except as herein provided the Credit Agreement shall remain unchanged and in full force and effect.

 

 

 

 

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Accepted and agreed to

as of the date first

written above by:

 

SMITHFIELD FOODS, INC.

 

By:		/s/    ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Name:		▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title:		Treasurer

 

SUBSIDIARY GUARANTORS

 

CODDLE ROASTED MEATS, INC. ▇▇▇▇▇▇▇▇ OF SMITHFIELD, LTD. ▇▇▇▇▇▇▇’▇ OLD FASHIONED     COUNTRY HAM, INC.		THE OHIO FEED LOT, INC. SHOWCASE FOODS, INC. KRAKUS FOODS INTERNATIONAL,     INC.
IOWA QUALITY MEATS, LTD. ▇▇▇▇ ▇▇▇▇▇▇▇ & CO. ▇▇▇▇▇ MEAT GROUP, INC. ▇▇▇▇▇ PACKING COMPANY MURCO FOODS, INC.		By: /s/    ▇▇▇▇▇▇▇ ▇▇▇▇                                          Name: ▇▇▇▇▇▇▇ ▇▇▇▇ Title: Vice President
NORTH SIDE FOODS CORP. PACKERLAND PROCESSING     COMPANY, INC. PACKERLAND HOLDINGS, INC. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇     INCORPORATED PREMIUM PORK, INC. QUIK-TO-FIX FOODS, INC. ▇▇▇▇▇▇▇’▇ COUNTRY HAMS, INC. SUN LAND BEEF COMPANY SUNNYLAND, INC. THE SMITHFIELD COMPANIES,     INC. THE SMITHFIELD PACKING     COMPANY, INCORPORATED STEFANO FOODS, INC. THE SMITHFIELD HAM AND     PRODUCTS COMPANY,     INCORPORATED DAKOTA ACQUISITION COMPANY ▇▇▇▇ ▇▇▇▇▇▇▇ OF JAPAN, INC. ▇▇▇▇▇▇ FARMS OF TEXHOMA,     INC.		▇▇▇▇▇’▇ OF CAROLINA, LLC ▇▇▇▇▇▇▇’▇ FOODS LLC ▇▇▇▇▇▇▇’▇ FOODS OF VIRGINIA     LLC CENTRAL PLAINS FARMS LLC CIRCLE FOUR LLC ▇▇▇▇▇▇ FARMS LLC QUARTER M FARMS LLC ▇▇▇▇▇▇-▇▇▇▇▇ HOLDINGS LLC,     each a Delaware limited liability     company   By:   ▇▇▇▇▇▇-▇▇▇▇▇, LLC,          a Delaware limited liability          company, as its sole member of          each

 

 

 

 

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