Pilgrims Pride Corp Sample Contracts

Pilgrims Pride Corp – Pilgrim’s Pride Ends Fiscal Year 2018 with Net Sales of $10.94 Billion, Operating Income of $496 Million and GAAP EPS of $1.00 (February 14th, 2019)

GREELEY, Colo., February 13, 2019 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2018 financial results.

Pilgrims Pride Corp – EL CONTRATO DE APERTURA DE CRÉDITO EN REVOLVING LINE OF CREDIT AGREEMENT ENTERED CUENTA CORRIENTE QUE CELEBRAN POR UNA INTO BY AND BETWEEN BANCO DEL BAJÍO, PARTE BANCO DEL BAJÍO, SOCIEDAD ANÓNIMA, SOCIEDAD ANÓNIMA, INSTITUCIÓN DE BANCA INSTITUCIÓN DE BANCA MÚLTIPLE, COMO MÚLTIPLE , AS LENDER, HEREINAFTER AND FOR THE ACREDITANTE, A QUIEN EN LO SUCESIVO Y PARA PURPOSES HEREOF “THE BANK,” REPRESENTED EFECTOS DEL PRESENTE CONTRATO SE HEREIN BY ITS LEGAL REPRESENTATIVE, MR. JULIO DENOMINARÁ “EL BANCO”, REPRESENTADO EN CÉSAR MOLINA VILLA , AND, AS BORROWER, THE ESTE ACTO POR SU APODERADO LEGAL, EL S (December 20th, 2018)
Pilgrims Pride Corp – Unaudited, In Millions, Except Per Share and Percentages Thirteen Weeks Ended Thirteen Weeks Ended Thirty-Nine Weeks Ended Thirty-Nine Weeks Ended Sep 30, 2018 September 24, 2017 Y/Y Change Sep 30, 2018 Sep 24, 2017 Y/Y Change Net Sales $2,697.6 $2,793.9 -3.4% $8,281.0 $8,025.5 +3.2% GAAP EPS $0.12 $0.93 -87.1% $1.03 $2.25 -54.2% Operating Income $85.3 $372.2 -77.1% $472.1 $917.3 -48.5% Adjusted EBITDA (1) $156.0 $463.6 -66.3% $687.1 $1,147.0 -40.1% Adjusted EBITDA Margin (1) 5.8% 16.6% -10.8pts 8.3% 14.3% -6.0pts (November 1st, 2018)

Our diverse portfolio of differentiated products and Key Customer strategy have continued to generate a more resilient performance and moderate margin impact compared to peers despite one of the most difficult pricing environment ever in U.S. commodity chicken, a slowdown in Mexico and feed cost pressures in Europe. Non-commodity U.S. chicken, including organic and small-birds, continues to perform relatively better to help mitigate the results of our U.S. business.

Pilgrims Pride Corp – Unaudited (2), In Millions, Except Per Share and Percentages Thirteen Weeks Ended Thirteen Weeks Ended Twenty-Six Weeks Ended Twenty-Six Weeks Ended July 1, 2018 June 25, 2017 Y/Y Change July 1, 2018 June 25, 2017 Y/Y Change Net Sales $2,836.7 $2,752.3 +3.1% $5,583.4 $5,231.6 +6.7% GAAP EPS $0.43 $0.94 -54.3% $0.91 $1.32 -31.1% Operating Income $185.1 $378.3 -51.1% $386.7 $545.1 -29.1% Adjusted EBITDA (1) $282.5 $448.9 -37.1% $547.9 $680.2 -19.5% Adjusted EBITDA Margin (1) 10.0% 16.3% -6.3pts 9.8% 13.0% -3.2pts (August 2nd, 2018)

Adjusted Operating Income of $212.4 million (or a 7.5% margin), excluding the impact of grain derivative loss and one-time expense. Adjusted Operating Income margins of 6.5% in U.S., 16.6% in Mexico and 4.8% in Europe operations, respectively.

Pilgrims Pride Corp – FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of July 20, 2018 (as it may be amended, restated, amended and restated or otherwise modified from time to time, this “Agreement”), among PILGRIM’S PRIDE CORPORATION, a Delaware corporation, TO-RICOS, LTD., a Bermuda company, and TO-RICOS DISTRIBUTION, LTD., a Bermuda company, as Borrowers, the other Loan Parties party hereto, the Lenders party hereto, and COBANK, ACB, as Administrative Agent and Collateral Agent. WHEREAS, the Borrowers, the financial institutions party thereto as lenders (the “Original Lenders”), and Rabobank, as administr (July 24th, 2018)
Pilgrims Pride Corp – Unaudited (2), In Millions, Except Per Share and Percentages Thirteen Weeks Ended Apr 1, 2018 Mar 26, 2017 Change Net Sales $2,746.7 $2,479.3 +10.8% GAAP EPS $0.48 $0.38 +26.3% Operating Income $201.6 $166.7 +20.9% Adjusted EBITDA (1) $271.8 $228.5 +18.9% Adjusted EBITDA Margin (1) 9.9% 9.2% +0.7pts (May 11th, 2018)

Recent acquisitions and investments both in U.S. and international are already generating value and improving portfolio by adding more differentiated products while Key Customer approach has continued to produce growth and margin expansion beyond the underlying market conditions.

Pilgrims Pride Corp – Pilgrim’s Pride Ends Fiscal Year 2017 with Net Sales of $10.77 Billion, Operating Income of 10% and Record GAAP EPS of $2.79 (February 15th, 2018)

GREELEY, Colo., February 14, 2018 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2017 financial results.

Pilgrims Pride Corp – Unaudited Pro Forma Combined Financial Information (November 24th, 2017)

On September 8, 2017, a wholly-owned subsidiary of Pilgrim’s Pride Corporation acquired from JBS S.A. 100% of the issued and outstanding shares of common stock of Granite Holdings S.a.r.l. (formerly Moy Park Lux S.a.r.l.) (“Granite”). We refer to this transaction as the “Moy Park Acquisition.” Granite is predominately comprised of Moy Park Holdings (Europe) Ltd. (“Moy Park”) and its subsidiaries (the “Moy Park Group”).

Pilgrims Pride Corp – Pilgrim’s Pride Reports Operating Income of $372 Million and GAAP EPS of $0.93 for the Third Quarter of 2017 (November 8th, 2017)

GREELEY, Colo., November 7, 2017 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC) reports third quarter 2017 financial results.

Pilgrims Pride Corp – Moy Park Announces Final Results of Change of Control Cash Tender Offer for its 6.25% Senior Notes Due 2021 (November 6th, 2017)

November 2, 2017 – Moy Park (Bondco) Plc (the “Company”) announced today the final results of its previously announced tender offer (the “Change of Control Offer”) to purchase for cash any and all of its issued and outstanding 6.25% Senior Notes due 2021 (ISIN No. XS1072495754 (Rule 144A) / XS1072495242 (Reg S)) (the “Notes”) upon the terms and conditions set forth in the Company’s Offer to Purchase dated October 4, 2017. The Change of Control Offer expired at 2:00 p.m., London time, on November 2, 2017 (the “Expiration Date”).

Pilgrims Pride Corp – Moy Park Announces Change of Control Cash Tender Offer for its 6.25% Senior Notes Due 2021 (October 5th, 2017)

October 4, 2017 – Moy Park (Bondco) Plc (the “Company”) announced today that it has commenced a tender offer (the “Change of Control Offer”) to purchase for cash any and all of its issued and outstanding 6.25% Senior Notes due 2021 (ISIN No. XS1072495754 (Rule 144A) / XS1072495242 (Reg S)) (the “Notes”) upon the terms and conditions set forth in the Company’s Offer to Purchase dated the date hereof (as it may be amended or supplemented from time to time, the “Offer to Purchase”). The Change of Control Offer is being made pursuant to the indenture governing the Notes dated May 29, 2014 (the “Indenture”) among the Company, the guarantors party thereto and The Bank of New York Mellon, as trustee, under which the Notes were issued. The Indenture and the Notes provide that the Company must make an offer to repurchase Notes from holders in connection with the occurrence of a “Change of Control” (as defined in the Indenture). The acquisition of 100% of the issued and outstanding common shares

Pilgrims Pride Corp – PILGRIM’S PRIDE CORPORATION as Issuer, PILGRIM’S PRIDE CORPORATION OF WEST VIRGINIA, INC., GOLD’N PLUMP POULTRY, LLC, GOLD’N PLUMP FARMS, LLC and JFC LLC, as Guarantors, and U.S. BANK NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of September 29, 2017 5.875% Senior Notes due 2027 (October 3rd, 2017)

INDENTURE dated as of September 29, 2017 among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), PILGRIM’S PRIDE CORPORATION OF WEST VIRGINIA, INC., a West Virginia corporation, GOLD’N PLUMP POULTRY, LLC, a Minnesota limited liability company, GOLD’N PLUMP FARMS, LLC, a Minnesota limited liability company, and JFC LLC, a Minnesota limited liability company, as Guarantors, and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States of America, as Trustee (the “Trustee”).

Pilgrims Pride Corp – Sections of Pilgrim’s Pride Corporation’s Confidential Preliminary Offering Circular, dated September 25, 2017 (September 25th, 2017)

•   the “guarantors” are to (1) Pilgrim’s Pride Corporation of West Virginia, Inc., a West Virginia corporation, (2) Gold’n Plump Poultry, LLC, a Minnesota limited liability company, (3) Gold’n Plump Farms, LLC, a Minnesota limited liability company, and (4) JFC LLC, a Minnesota limited liability company, each of which is a wholly-owned subsidiary of Pilgrim’s Pride Corporation; and

Pilgrims Pride Corp – AMENDMENT TO AMENDED AND RESTATED CORPORATE BYLAWS OF PILGRIM’S PRIDE CORPORATION (A Delaware corporation) (September 11th, 2017)

Unless the Corporation consents in writing to the selection of an alternative forum, and to the fullest extent permitted by law, the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of the Corporation, (ii) any action asserting a claim of breach of a fiduciary duty owed by any current or former director, officer, other employee or stockholder of the Corporation to the Corporation or the Corporation’s stockholders, (iii) any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law, the Certificate of Incorporation or these Bylaws or as to which the Delaware General Corporation Law confers jurisdiction on the Court of Chancery of the State of Delaware, or (iv) any action asserting a claim governed by the internal affairs doctrine shall be the Court of Chancery of the State of Delaware and any state appellate court therefrom within the State of Delaware (or, if the Court of Chancery of the State of Delaware de

Pilgrims Pride Corp – SHARE PURCHASE AGREEMENT among JBS S.A., GRANITE HOLDINGS S.À R.L., ONIX INVESTMENTS UK LTD and PILGRIM’S PRIDE CORPORATION (solely for purposes of Article VII) Dated as of September 8, 2017 (September 11th, 2017)

SHARE PURCHASE AGREEMENT, dated as of September 8, 2017 (this “Agreement”), among JBS S.A., a sociedade anônima organized under the laws of the Federative Republic of Brazil (“Seller”), GRANITE HOLDINGS S.À R.L., a société à responsabilité limitée organized under the laws of the Grand Duchy of Luxembourg, having its registered office at 8-10 avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 200528 (the “Company”), ONIX INVESTMENTS UK LTD, a private limited company incorporated under the laws of England and Wales (“Purchaser”), and solely for purposes of Article VII, PILGRIM’S PRIDE CORPORATION, a Delaware corporation (“Parent”).

Pilgrims Pride Corp – FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (September 11th, 2017)

This FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), is dated as of September 6, 2017, by and among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), TO-RICOS, LTD., a Bermuda company, and TO-RICOS DISTRIBUTION, LTD., a Bermuda company, as borrowers (collectively with the Company, the “Borrowers”), each of the various financial institutions which is a signatory hereto, as a Lender, and COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, in its capacity as administrative agent and collateral agent (in such capacity, “Administrative Agent”).

Pilgrims Pride Corp – SUBORDINATED PROMISSORY NOTE (September 11th, 2017)
Pilgrims Pride Corp – Unaudited, In Millions, Except Per Share and Percentages Thirteen Weeks Ended June 25, 2017 June 26, 2016 Change Net Sales $2,251.6 $2,028.3 +11.0% GAAP EPS $0.94 $0.60 +56.7% Operating Income $359.4 $236.6 +51.9% Adjusted EBITDA (1) $420.6 $282.7 +48.8% Adjusted EBITDA Margin (1) 18.7% 13.9% +4.8pts (August 3rd, 2017)

With our announced capital projects already completed, our quarterly performance reflected our well-balanced portfolio strategy, designed to capture the upside from strong markets while reducing overall volatility.

Pilgrims Pride Corp – THIRD AMENDED AND RESTATED CREDIT AGREEMENT (May 11th, 2017)

THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of May 8, 2017 (as it may be amended, restated, amended and restated or otherwise modified from time to time, this “Agreement”), among PILGRIM’S PRIDE CORPORATION, a Delaware corporation, TO-RICOS, LTD., a Bermuda company, and TO-RICOS DISTRIBUTION, LTD., a Bermuda company, as Borrowers, the other Loan Parties party hereto, the Lenders party hereto, and COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Administrative Agent and Collateral Agent.

Pilgrims Pride Corp – AMENDED AND RESTATED CREDIT AGREEMENT (May 4th, 2017)

This THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), is dated as of March 23, 2017, by and among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), TO-RICOS, LTD., a Bermuda company, and TO-RICOS DISTRIBUTION, LTD., a Bermuda company, as borrowers (collectively, the “Borrowers”), the other Loan Parties party hereto, each of the various financial institutions which is a signatory hereto, as a Lender, and Coöperatieve RABOBANK U.A., NEW YORK BRANCH (formerly known as COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH), in its capacity as administrative agent and collateral agent (in such capacity, “Administrative Agent”).

Pilgrims Pride Corp – Unaudited, In Millions, Except Per Share and Percentages Thirteen Weeks Ended Mar 26, 2017 Mar 27, 2016 Change Net Sales $2,020.5 $1,962.9 +2.9% GAAP EPS $0.38 $0.46 -17.4% Operating Income $152.4 $188.8 -19.3% Adjusted EBITDA (1) $204.0 $233.5 -12.6% Adjusted EBITDA Margin (1) 10.1% 11.9% -1.8pts (May 4th, 2017)

GNP integration is on track with additional synergies already identified increasing total annualized run-rate to $30 million, up from $20 million before.

Pilgrims Pride Corp – Pilgrim’s Pride Ends Fiscal Year 2016 with an Operating Income of $714 Million and an Operating Margin of 9.0% (February 9th, 2017)

GREELEY, Colo., February 8, 2017 (GLOBE NEWSWIRE) - Pilgrim’s Pride Corporation (NASDAQ: PPC) reports fourth quarter and year-end 2016 financial results.

Pilgrims Pride Corp – Pilgrim’s Pride Strengthens Branded Portfolio with Agreement to Purchase GNP Company (November 29th, 2016)

GREELEY, Colo. - November 29, 2016 (GLOBE NEWSWIRE) - Pilgrim's Pride Corporation (Nasdaq: PPC) (“Pilgrim’s”) today announced a definitive agreement to acquire GNP Company, a leading provider of premium branded chicken products in the Upper Midwest, in an all cash, $350 million transaction. The proposal has the unanimous support of the Pilgrim’s Board of Directors, as well as the support of JBS S.A., the majority owner of Pilgrim’s. It is anticipated that the proposed transaction would close during the first quarter of 2017, subject to regulatory review and approval and customary closing conditions.

Pilgrims Pride Corp – CONTRATO DE APERTURA DE CREDITO EN CUENTA CORRIENTE QUE CELEBRAN: CHECKING ACCOUNT LOAN OPENING CONTRACT ENTERED INTO BY: I. BBVA BANCOMER, SOCIEDAD ANONIMA, INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BBVA BANCOMER, COMO ACREDITANTE, A QUIEN EN LO SUCESIVO SE DESIGNARA COMO "BANCOMER", REPRESENTADA EN ESTE ACTO POR JOSÉ FRANCISCO ZUÑIGA CHAVEZ Y HÚGO ALEJANDRO GUTIÉRREZ MARTÍNEZ; I. BBVA BANCOMER, SOCIEDAD ANONIMA, INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BBVA BANCOMER, AS THE LENDER, HEREINAFTER DESIGNATED AS "BANCOMER", REPRESENTED HEREIN BY JOSÉ FRANCISCO ZUÑIGA CHAVEZ AND HÚGO (October 27th, 2016)
Pilgrims Pride Corp – AMENDED AND RESTATED CREDIT AGREEMENT AND CONSENT (October 27th, 2016)

This SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEEMNT AND CONSENT (this “Amendment”), is dated as of October 21, 2016, by and among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), TO-RICOS, LTD., a Bermuda company, and TO-RICOS DISTRIBUTION, LTD., a Bermuda company, as borrowers (collectively, the “Borrowers”), each of the various financial institutions which is a signatory hereto, as a Lender, and COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH (formerly known as COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH), in its capacity as administrative agent and collateral agent (in such capacity, “Administrative Agent”).

Pilgrims Pride Corp – Unaudited, In Millions, Except Per Share and Percentages Thirteen Weeks Ended Sep 25, 2016 Sep 27, 2015 Change Net Sales $2,031.7 $2,112.5 -3.8% GAAP EPS $0.39 $0.53 -26.4% Operating Income $163.8 $231.1 -29.1% Adjusted EBITDA (1) $210.8 $274.3 -23.1% Adjusted EBITDA Margin (1) 10.4% 13.0% -2.6pts (October 27th, 2016)

Planned conversion of an additional case-ready facility to ABF, veg-fed production to support growth of key customers and further enhance portfolio differentiation, to put us more than half way to our 25% ABF target by 2018.

Pilgrims Pride Corp – CONTRATO DE APERTURA DE CREDITO EN CUENTA CORRIENTE QUE CELEBRAN: CHECKING ACCOUNT LOAN OPENING CONTRACT ENTERED INTO BY: I. BBVA BANCOMER, SOCIEDAD ANONIMA, INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BBVA BANCOMER, COMO ACREDITANTE, A QUIEN EN LO SUCESIVO SE DESIGNARA COMO "BANCOMER", REPRESENTADA EN ESTE ACTO POR EDUARDO VELAZQUEZ AGUILERA Y MARIO CORDERO GUERRERO; I. BBVA BANCOMER, SOCIEDAD ANONIMA, INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO BBVA BANCOMER, AS THE LENDER, HEREINAFTER DESIGNATED AS "BANCOMER", REPRESENTED HEREIN BY EDUARDO VELAZQUEZ AGUILERA AND MARIO CORDERO GUERRE (July 28th, 2016)
Pilgrims Pride Corp – FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (July 28th, 2016)

This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), is dated as of April 27, 2016, by and among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), TO-RICOS, LTD., a Bermuda company, and TO-RICOS DISTRIBUTION, LTD., a Bermuda company, as borrowers (collectively, the “Borrowers”), each of the various financial institutions which is a signatory hereto, as a Lender, and COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH (formerly known as COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH), in its capacity as administrative agent and collateral agent (in such capacity, “Administrative Agent”).

Pilgrims Pride Corp – III.- Declaran "LAS PARTES" que en la celebración del presente Convenio no existe error, dolo, mala fe, lesión, violencia, ni cualquier otro vicio del consentimiento. III.- "THE PARTIES" hereby state that entering into the Agreement does not involve any error, malice, bad faith, injury, violence, or any other defect in the consent. IV.- Declaran "LAS PARTES" que se reconocen la personalidad con que se ostentan, así como reconocen la fuerza y validez de las estipulaciones, declaraciones y definiciones contenidas en este Convenio. IV.- "THE PARTIES" hereby state that they acknowledge the powers (July 28th, 2016)
Pilgrims Pride Corp – Unaudited, In Millions, Except Per Share and Percentages Thirteen Weeks Ended June 26, 2016 June 28, 2015 Change Net Sales $2,028.3 $2,053.9 -1.2% GAAP EPS $0.60 $0.93 -35.5% Operating Income $236.6 $378.4 -37.5% Adjusted EBITDA (1) $282.7 $425.8 -33.6% Adjusted EBITDA Margin (1) 13.9% 20.7% -6.8pts (July 28th, 2016)

Prepared Foods to launch new ABF veg-fed chicken sausage products, leveraging our leadership in ABF veg-fed Fresh Chicken and entry into organic.

Pilgrims Pride Corp – Unaudited, In Millions, Except Per Share and Percentages Thirteen Weeks Ended March 27, 2016 March 29, 2015 Change Net Sales $1,962.9 $2,052.9 -4.3% GAAP EPS $0.46 $0.79 -42% Operating Income $188.8 $327.6 -42.4% Adjusted EBITDA (1) $233.5 $363.5 -35.8% Adjusted EBITDA Margin 11.9% 17.8% -5.9pts (April 28th, 2016)

Conversion of a production facility to USDA-certified organic chicken, enhancing PPC leadership in emerging consumer trends and leveraging partnerships with key customers to support their growth.

Pilgrims Pride Corp – PILGRIM’S PRIDE CORPORATION as Issuer, PILGRIM’S PRIDE CORPORATION OF WEST VIRGINIA, INC., as Guarantor, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of March 11, 2015 5.750% Senior Notes due 2025 (March 11th, 2015)

INDENTURE dated as of March 11, 2015 among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), PILGRIM’S PRIDE CORPORATION OF WEST VIRGINIA, INC., a West Virginia corporation, as Guarantor, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States of America, as Trustee (the “Trustee”).

Pilgrims Pride Corp – SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of February 11, 2015 among PILGRIM’S PRIDE CORPORATION, TO-RICOS, LTD. and TO-RICOS DISTRIBUTION, LTD., as Borrowers, THE OTHER LOAN PARTIES PARTY HERETO, THE LENDERS PARTY HERETO, and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., as Administrative Agent and Collateral Agent COÖPERATIEVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, COBANK, ACB, BMO CAPITAL MARKETS, ING CAPITAL LLC, and WELLS FARGO SECURITIES, LLC, as Joint Lead Arrangers, Joint Syndication Agents and Joint Bookrunners BANK OF AMERI (February 12th, 2015)

SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of February 11, 2015 (as it may be amended, restated, amended and restated or otherwise modified from time to time, this “Agreement”), among PILGRIM’S PRIDE CORPORATION, a Delaware corporation, TO-RICOS, LTD., a Bermuda company, and TO-RICOS DISTRIBUTION, LTD., a Bermuda company, as Borrowers, the other Loan Parties party hereto, the Lenders party hereto, and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, as Administrative Agent and Collateral Agent.

Pilgrims Pride Corp – AMENDMENT NO. 1 TO CREDIT AGREEMENT (February 12th, 2015)

AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated as of May 21, 2014 (this “Agreement”), among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), TO-RICOS, LTD., a Bermuda company, TO-RICOS DISTRIBUTION, LTD., a Bermuda company (collectively, the “Borrowers”), the various Subsidiaries (such capitalized term and all other capitalized terms not defined herein shall have the meanings provided for in Article I) of the Company parties hereto, the various financial institutions parties hereto (collectively, the “Lenders”), and COBANK, ACB, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.

Pilgrims Pride Corp – AMENDMENT NO. 3 TO CREDIT AGREEMENT (January 15th, 2015)

AMENDMENT NO. 3 TO CREDIT AGREEMENT, dated as of January 14, 2015 (this “Agreement”), among PILGRIM’S PRIDE CORPORATION, a Delaware corporation (the “Company”), TO-RICOS, LTD., a Bermuda company, TO-RICOS DISTRIBUTION, LTD., a Bermuda company (collectively, the “Borrowers”), the various Subsidiaries (such capitalized term and all other capitalized terms not defined herein shall have the meanings provided for in Article I) of the Company parties hereto, the various financial institutions parties hereto (collectively, the “Lenders”), and COBANK, ACB, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.