(First Union logo) July 18, 1996 Piemonte Foods, Inc. Piemonte Foods of Indiana, Inc. Origena, Inc. Re: First Amendment to Loan and Security Agreement dated as of January 4, 1996, by and among First Union National Bank of South Carolina (the "Lender"), Piemonte Foods, Inc. ("Borrower"), Piemonte Foods of Indiana, Inc. ("Piemonte of Indiana") and Origena, Inc. ("Origena"). Dear Sirs, This responds to your request to amend certain provisions of the Loan Agreement (as defined above). The Loan Agreement shall be amended as follows (with capitalized terms having the same definitions as set forth in the Loan Agreement): (a) Section 4.2 Negative Covenants (g) is hereby deleted and the following is substituted therefor: "Provide funding to the Piemonte/Sabatasso European Project Joint Venture in excess of $1,400,000.00 (whether in the form of debt or equity or both)." (b) Section 4.2 Negative Covenants (h) is hereby deleted and the following is substituted therefor: "Incur any additional debt for borrowed money, whether secured or unsecured, or enter into any capitalized leases, or incur any contingent liability (the execution of any guaranty agreement or letter of credit agreement constituting the incurrence of a contingent liability), except for the indebtedness and/or guaranty of Borrower to Internationale Nederlanden Bank N.V. (a/k/a ING Bank) in the amount of Six Million Seven Hundred Fifty Thousand (6,750,000) Guilders Piemonte Foods, Inc. Piemonte Foods of Indiana, Inc. Origena, Inc. July 18, 1996 Page 2 outstanding as of June 1, 1996 plus additional amounts from ING Bank not to exceed Three Hundred Thousand (300,000) Guilders in the aggregate, in future borrowings." (c) Section 4.1 Affirmative Covenants is hereby amended by adding the following: "(l) Capital Expenditures - Piemonte/Sabatasso Joint Venture. Borrower shall require its approval of all capital expenditures incurred in connection with the Piemonte/Sabatasso European Project Joint Venture, and shall provide immediate notice to Lender of any such approvals issued." "(m) Financial Reports - Piemonte/Sabatasso Project. Borrower shall require to be furnished with English translated monthly financial statements for the Piemonte/Sabatasso European Project Joint Venture produced by Deloitte Touche Tohmatsu International - Netherlands with such copies to be provided to Lender within five (5) days of Borrower's receipt thereof, but no later than thirty (30) days after the preceding month end." The foregoing amendments shall become effective, as of March 1, 1996, upon our receipt of a fully executed acknowledgement of this letter. By executing the acknowledgements indicated below, the parties ratify and confirm all terms and conditions of the Loan Agreement except as amended hereby. Piemonte Foods, Inc. Piemonte Foods of Indiana, Inc. Origena, Inc. July 18, 1996 Page 3 We are pleased to be of continuing service to Piemonte Foods. Sincerely, FIRST UNION NATIONAL BANK OF SOUTH CAROLINA (Signature of William A. Litchfield) William A. Litchfield Sr. Vice President Acknowledged and agreed to by: BORROWER: PIEMONTE FOODS, INC. By: s/ Virgil Clark Its: President GUARANTORS: PIEMONTE FOODS OF INDIANA, INC. By: s/ Virgil Clark Its: President ORIGENA, INC. By: s/ Virgil Clark Its: President