Re: Promissory Note from Graco Inc. ("Borrower") to Wachovia Bank, National Association ("Wachovia") in the original principal amount of $25,000,000.00 dated March 31, 2006, including any amendments (the "Note").

Extension Agreement

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GRACO INC | Wachovia Bank, National Association

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Title: Re: Promissory Note from Graco Inc. ("Borrower") to Wachovia Bank, National Association ("Wachovia") in the original principal amount of $25,000,000.00 dated March 31, 2006, including any amendments (the "Note").
Date: 4/24/2007
Industry: Misc. Capital Goods

Exhibit 4.1

March 26, 2007

Graco Inc.
88 11 ^th Avenue Northwest
Minneapolis, Minnesota 55413

Attention: Janel W. French

Re:	Promissory Note from Graco Inc. ( "Borrower" ) to Wachovia Bank, National Association ( "Wachovia" ) in the original principal amount of $25,000,000.00 dated March 31, 2006, including any amendments (the "Note" ).

Obligor # 000004151380481

Obligation # 000000000000265

Dear Janel:

Wachovia has agreed to extend the term of the Note, which will mature or has matured on March 31, 2007. Accordingly, this lette

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