exhibit 10. 1 700 anderson hill road, purchase, ny 10577 may 9, 2012 to the lenders party the credit agreement referred to below c / o citibank, n. a. as agent for such lenders 1615 brett road, building # 3 new castle, delaware 19720 attn : bank loan syndications fax # 212 # # # - # # # - # # # # copy via email sent to : carolyn a. kee managing director, global loans citibank global captial markets, inc. 390 greenwich street new york, ny 10013 * * * @ * * * subject : four year credit agreement dated as of june 14, 2011 among pepsico, inc., the lenders party thereto and citibank, n. a. as agent for the lenders ( the “ credit agreement ” ) ladies and gentleman : pursuant to section 2. 06 ( b ) of the credit agreement, pepsico, inc. hereby requests a one year extension of the existing termination date from june 14, 2015 to june 14, 2016. in addition, the company requests that the words “ the repayment of outstanding commercial paper issued by the company and its subsidiaries, ” be deleted from the preliminary statement and section 2. 16 of the credit agreement. please indicate your agreement to each of the foregoing requests by signing in the space provided below and returning the signed copy to the agent no later than may 24, 2012. capitalized terms used but not defined herein shall have the meanings assigned to them in the credit agreement. except as expressly amended hereby, the credit agreement shall remain in full force and effect. sincerely, / s / maria teresa hilado maria teresa hilado senior vice president, finance and treasurer / s / jay laramie jay laramie vice president and assistant treasurer / s / maria teresa hilado / s / jay laramie by its signature below the undersigned lender confirms its agreement to the extension and amendments requested above citibank, n. a. name of lender / s / carolyn kee name : carolyn kee title : vice president citibank, n. a. / s / carolyn kee by its signature below the undersigned lender confirms its agreement to the extension and amendments requested above jpmorgan chase bank, n. a. name of lender / s / tony yung name : tony yung title : executive director jp