Exhibit 10.13

FIRST SUPPLEMENTAL INDENTURE

dated as of February 1, 2011

 

 

with respect to the:

INDENTURE

Dated as of October 1, 2009

among

DEL MONTE CORPORATION, as Issuer

THE GUARANTOR PARTY HERETO

and

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

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FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of
February 1, 2011, to the Indenture dated as of October 1, 2009 (as amended and
supplemented to the date hereof, the “Indenture”), by and among Del Monte
Corporation, a Delaware corporation (the “Company”), the Guarantor party hereto
(the “Guarantor”), and The Bank of New York Mellon Trust Company, N.A., as
trustee (the “Trustee”) for the Company’s 7 1/2 % Senior Subordinated Notes due
2019 (the “Notes”).

W I T N E S S E T H

WHEREAS, the Company has heretofore executed and delivered to the Trustee the
Indenture and the Company has issued the Notes pursuant to the Indenture and the
Guarantor has issued its guarantee thereof;

WHEREAS, Section 9.02 of the Indenture provides that the Company, when
authorized by a Board Resolution, the Guarantor and the Trustee may amend or
supplement the Indenture with the written consent of the Holders of at least a
majority in aggregate outstanding principal amount of the Notes;

WHEREAS, in connection with the merger contemplated by the Agreement and Plan of
Merger, dated as of November 24, 2010, among Blue Acquisition Group, Inc., Blue
Merger Sub Inc. (“Merger Sub”) and Del Monte Foods Company (the “Merger”),
Merger Sub has (i) offered to purchase for cash, any and all of the outstanding
Notes upon the terms and subject to the conditions set forth in its Offer to
Purchase and Consent Solicitation Statement dated January 19, 2011 (as the same
may be amended or supplemented from time to time, the “Statement”), and in the
related Letter of Transmittal and Consent (as the same may be amended or
supplemented from time to time, and, together with the Statement, with respect
to the Notes, the “Offer”), from each Holder of such Notes and (ii) has
solicited consents to certain amendments to the Indenture pursuant to the
Statement;

WHEREAS, in accordance with Section 9.02 of the Indenture, the written consent
of the Holders of at least a majority in aggregate outstanding principal amount
of the Notes has been received to effect the proposed amendments set forth
herein;

WHEREAS, the Company is authorized to enter into this First Supplemental
Indenture by a Board Resolution, and the Trustee has received an Opinion of
Counsel and an Officers’ Certificate stating that the execution of this First
Supplemental Indenture is permitted by the Indenture and all conditions
precedent under the Indenture have been satisfied;

WHEREAS, the Company has requested that the Trustee execute and deliver this
First Supplemental Indenture; and

WHEREAS, all other acts and proceedings required by law, by the Indenture and by
the charter documents of the Company to make the Indenture, as supplemented by
this First Supplemental Indenture, a valid and binding obligation for the
purposes expressed herein, in accordance with its terms, have been duly done and
performed.

NOW, THEREFORE, for and in consideration of the foregoing premises, and for
other good and valuable consideration the receipt of which is hereby
acknowledged, the Company, the Guarantor and the Trustee hereby agree as
follows:

A G R E E M E N T S

SECTION 1.01. Capitalized Terms. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture.

SECTION 2.01. Amendments to Indenture and Notes.

(a) The following Sections of the Indenture, including the Table of Contents and
any corresponding provisions in the Notes, shall be deleted in their entirety
and replaced with “Intentionally Omitted,” and all references made thereto
throughout the Indenture and the Notes shall be deleted in their entirety:

 

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Existing Section or

Subsection Number

  

Caption

SECTION 4.04

   Payment of Taxes

SECTION 4.08

   SEC Reports

SECTION 4.10

   Limitation on Restricted Payments

SECTION 4.11

   Limitation on Transactions with Affiliates

SECTION 4.12

   Limitation on Incurrence of Additional Indebtedness

SECTION 4.13

   Limitation on Dividends and Other Payment Restrictions Affecting Subsidiaries

SECTION 4.17

   Limitation on Preferred Stock of Restricted Subsidiaries

SECTION 4.18

   Limitation on Liens

SECTION 4.19

   Limitation on Guarantees by Domestic Restricted Subsidiaries

SECTION 4.20

   Rule 144A Information

SECTION 4.21

   Termination of Certain Covenants

(b) Subclauses (ii) and (iii) of Section 5.01(a) of the Indenture, and any
corresponding provisions in the Notes, shall be deleted in their entirety and
replaced with “Intentionally Omitted,” and all references made thereto
throughout the Indenture and the Notes shall be deleted in their entirety.

(c) Subclauses (iii) and (iv) of Section 5.05(a) of the Indenture, and any
corresponding provisions in the Notes, shall be deleted in their entirety and
replaced with “Intentionally Omitted,” and all references made thereto
throughout the Indenture and the Notes shall be deleted in their entirety.

(d) Subclauses (3), (4), (5) and (8) of Section 6.01(a) of the Indenture, and
any corresponding provisions in the Notes, shall be deleted in their entirety
and replaced with “Intentionally Omitted,” and all references made thereto
throughout the Indenture and the Notes shall be deleted in their entirety.

(e) All references made to a provision in the Indenture or the Notes deleted
pursuant to the amendments set forth in Subsections (a) through (d) of this
Section 2.01 shall be deleted in their entirety from the Indenture and the
Notes, and any definitions used exclusively in the provisions of the Indenture
deleted pursuant to the amendments set forth in Subsections (a) through (d) of
this Section 2.01 shall be deleted in their entirety from the Indenture. The
applicable provisions of the Notes, including without limitation Section 7
thereof, shall be deemed amended to reflect the amendments to the corresponding
provisions of the Indenture that are amended pursuant to Subsections (a) through
(d) hereof.

SECTION 3.01. Effectiveness of First Supplemental Indenture; Amendments Becoming
Operative. This First Supplemental Indenture shall be effective upon its
execution and delivery by the parties hereto; provided that the amendments set
forth in Section 2.01 will not become operative until immediately prior to the
first acceptance for payment of Notes pursuant to the Offer provided that the
Merger shall have occurred or be occurring concurrently with such acceptance.

SECTION 4.01. The Indenture Ratified. Except as hereby otherwise expressly
provided, the Indenture is in all respects ratified and confirmed, and all the
terms, provisions, and conditions thereof shall be and remain in full force and
effect.

SECTION 5.01. Counterparts. This First Supplemental Indenture may be executed in
any number of counterparts, each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument.

SECTION 6.01. This First Supplemental Indenture is a Supplement to The
Indenture. This First Supplemental Indenture is executed as and shall constitute
an indenture supplemental to the Indenture and shall be construed in connection
with and as part of the Indenture.

 

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SECTION 7.01. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF
THE PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
FIRST SUPPLEMENTAL INDENTURE.

SECTION 8.01. References to This First Supplemental Indenture. Any and all
notices, requests, certificates and other instruments executed and delivered
after the execution and delivery of this First Supplemental Indenture may refer
to the Indenture without making specific reference to this First Supplemental
Indenture, but nevertheless all such references shall include this First
Supplemental Indenture unless the context otherwise requires.

SECTION 9.01. Effect of This First Supplemental Indenture. The Indenture shall
be deemed to be modified as herein provided, but except as modified hereby, the
Indenture shall continue in full force and effect. The Indenture as modified
hereby shall be read, taken, and construed as one and the same instrument.

SECTION 10.01. Severability. In the event that any provisions of this First
Supplemental Indenture shall be invalid, illegal, or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

SECTION 11.01. Trust Indenture Act. If any provisions hereof limit, qualify, or
conflict with any provisions of the TIA required under the TIA to be a part of
and govern this First Supplemental Indenture, the provisions of the TIA shall
control. If any provision hereof modifies or excludes any provision of the TIA
that pursuant to the TIA may be so modified or excluded, the provisions of the
TIA as so modified or excluded hereby shall apply.

SECTION 12.01. Trustee Not Responsible for Recitals. The recitals contained
herein shall be taken as the statements of the Company, and the Trustee assumes
no responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this First Supplemental Indenture.

[Signature page follows]

 

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IN WITNESS WHEREOF, each of the parties hereto have caused this First
Supplemental Indenture to be duly executed on its behalf by its duly authorized
officer as of the day and year first above written.

 

ISSUER: DEL MONTE CORPORATION By:   /s/ Richard L. French Name:   Richard L.
French Title:   Senior Vice President, Treasurer, Chief Accounting Officer and
Controller GUARANTOR: DEL MONTE FOODS COMPANY By:   /s/ Richard L. French Name:
  Richard L. French Title:   Senior Vice President, Treasurer, Chief Accounting
Officer and Controller

 

[Signature Page to First Supplement Indenture]

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TRUSTEE:

THE BANK OF NEW YORK MELLON TRUST

COMPANY, N.A., as Trustee

By:   /s/ Alex Briffett Name:   Alex Briffett Title:   Authorized Signatory

 

[Signature Page to First Supplement Indenture]