0001341004-07-002609 Sample Contracts

MORGAN STANLEY & CO. INCORPORATED 1585 BROADWAY NEW YORK, NY 10036-8293 (212) 761-4000
Fixed Dollar Collared Accelerated Share Repurchase Transaction • September 18th, 2007 • International Flavors & Fragrances Inc • Industrial organic chemicals

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Morgan Stanley & Co. Incorporated (“MSCO”) and International Flavors & Fragrances Inc. (the “Issuer”) on the Trade Date specified below (the “Transaction”). This confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.

Sample 1Sample 2
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Fixed Dollar Accelerated Share Repurchase Transaction
Fixed Dollar Accelerated Share Repurchase Transaction • September 18th, 2007 • International Flavors & Fragrances Inc • Industrial organic chemicals

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Morgan Stanley & Co. Incorporated (“MSCO”) and International Flavors & Fragrances Inc. (the “Issuer”) on the Trade Date specified below (the “Transaction”). This confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.

Sample 1Sample 2
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