Document:

Second Supplemental Indenture, to the Indenture

 Exhibit 10.14 
 SECOND SUPPLEMENTAL INDENTURE 
 dated as of March 8, 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. 

 SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental
Indenture”), dated as of March 8, 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 was received to effect the proposed amendments set forth in the First Supplemental Indenture, dated as of February 1, 2011 (the “First Supplemental Indenture”),
among the Company, the Guarantor and the Trustee; 
 WHEREAS, the Company has heretofore executed and delivered to the Trustee
the First Supplemental Indenture; 
 WHEREAS, the parties hereto desire to enter into this Second Supplemental Indenture
pursuant to Section 9.01(9) of the Indenture; 
 WHEREAS, the Company is authorized to enter into this Second 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 Second 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 Second
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 Second 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. 

  
 -2-

 SECTION 2.01. Amendments to Indenture and Notes. 

(a) All of the provisions and definitions in the Indenture and the Notes that were deleted or amended by the Amendments set forth in
Section 2.01 of the First Supplemental Indenture and attached hereto as Exhibit A shall be reinstated in their entirety as such provisions and definitions existed in the Indenture prior to the execution of the First Supplemental Indenture
unless at least a majority in aggregate outstanding principal amount of the Notes have been validly tendered in the Offer for the Notes and not validly withdrawn in accordance with the requirements set forth in the Statement and Letter of
Transmittal, as amended, on the expiration date for the Offer. 
 (b) Attached hereto as Exhibit B is a certificate from Global
Bondholder Services Corporation evidencing the valid tenders of a majority in aggregate outstanding principal amount of Notes validly tendered in the Offer. 
 SECTION 3.01. Effectiveness of Second Supplemental Indenture; Amendments Becoming Operative. This Second 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 after the First Supplemental Indenture becomes operative. 
 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 Second 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 Second Supplemental Indenture is a Supplement to The Indenture. This Second 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. 
 SECTION 7.01. Governing Law.
THIS SECOND 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 SECOND SUPPLEMENTAL INDENTURE. 
 SECTION 8.01. References to This Second
Supplemental Indenture. Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this Second Supplemental Indenture may refer to the Indenture without making specific
reference to this Second Supplemental Indenture, but nevertheless all such references shall include this Second Supplemental Indenture unless the context otherwise requires. 
 SECTION 9.01. Effect of This Second 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 Second 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 Second
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. 

  
 -3-

 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 Second Supplemental Indenture. 

[Signature page follows] 

  
 -4-

 IN WITNESS WHEREOF, each of the parties hereto have caused this Second 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 Second Supplemental Indenture] 

 
			
	 TRUSTEE:

	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	 /s/ Alex Briffett

	Name:	 	John A. (Alex) Briffett
	Title:	 	Authorized Signatory

 [Signature Page
to Second Supplemental Indenture] 

 Exhibit A 
 Section 2.01 of the First Supplemental Indenture, dated as of February 1, 2011, to the Indenture, dated as of October 1, 2009 among Del Monte Corporation, Del Monte Foods Company and The
Bank of New York Mellon Trust Company, N.A., as Trustee: 
 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: 

 

			
	 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. 

 Exhibit B 

 

 

 March 2, 2011 
 Global Bondholder Services Corporation in its capacity as Depositary Agent for the Blue Merger Sub Inc. Offers to Purchase and Solicitations of Consents Relating to the 7.50% Senior Subordinated Notes due
2019 (the “Offer”), hereby certifies that the Depository Trust Company’s (“DTC”) Automatic Tender Offer Program (ATOP) reports that custodian banks representing holders of $447,877,000 in aggregate principal amount of the
7.50% Senior Subordinated Notes due 2019 have tendered and consented such notes pursuant to the Offer as of 5:00pm (New York City time) on March 2, 2011 and hereby further certifies that such tenders and consents were not validly withdrawn prior to
such time. 
 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of the 2nd day of March, 2011. 

 

			
	 Global Bondholder Services Corp.
 As Depositary Agent

		
	By:	 	

		 	 Harvey Eng
 Managing
DirectorMonitoring Agreement

 Exhibit 10.15 
 BLUE ACQUISITION GROUP, INC. 
 DEL MONTE FOODS COMPANY 

P.O. Box 193575 

San Francisco, CA 94119-3575 
 March 8, 2011 
 Kohlberg Kravis Roberts & Co L.P. 

9 West 57th St., Suite 4200 
 New York, New York
10019 
 Vestar Capital Partners 
 245 Park Avenue, 41st Floor 
 New York, New York 10167 
 Centerview Partners Management LLC 
 16 School Street 

Rye, New York 10580 
 AlpInvest Partners Inc.

 630 Fifth Avenue, 28th Floor 
 New
York, NY 10111 
  

	 	Re:	Monitoring Agreement 

 Ladies and Gentlemen:

 This letter serves to confirm that Del Monte Corporation (the “Company”), a subsidiary of Del Monte Foods
Company, which is a subsidiary of Blue Acquisition Group, Inc. (“Parent”) and an indirect subsidiary of Blue Holdings I, L.P. (“Partners LP”), has engaged Kohlberg Kravis Roberts & Co. L.P. (the
“KKR Manager”), Vestar Capital Partners (the “Vestar Manager”), Centerview Partners Management LLC (the “Centerview Manager”; and together with the KKR Manager and the Vestar Manager, the
“Sponsor Managers”) and AlpInvest Partners Inc. (the “AlpInvest Manager” and, together with the Sponsor Managers, the “Managers” and each a “Manager”) to provide, and each Manager
hereby agrees to provide management, consulting and financial services to the Company and its direct and indirect divisions, subsidiaries, parent entities and controlled affiliates (collectively, the “Company Group”), as follows:

 1. The Company has engaged the Managers, and each Manager hereby agrees to accept such engagement, to provide to the Company
Group, when and if called upon, such services as mutually agreed by the Managers and the Company, which services may include, without limitation: (i) general executive and management services; (ii) identification, support,

 
negotiation and analysis of acquisitions and dispositions by the Company Group; (iii) support, negotiation and analysis of financing alternatives, including, without limitation, in
connection with acquisitions, capital expenditures and refinancing of existing indebtedness; (iv) finance functions, including assistance in the preparation of financial projections and monitoring of compliance with financing agreements;
(v) human resources functions, including searching and recruiting of executives, but excluding formulation or promulgation of personnel policies or involvement in personnel decision making; and (vi) other services for the Company Group
upon which the Company and the Managers may agree from time to time. Commencing on the date hereof (the “Effective Date”), the Company agrees to pay the Sponsor Managers (or such affiliate(s) as any such Sponsor Manager may
designate) an aggregate annual fee (the “Advisory Fee”) in an amount equal to (a) the greater of (i) $6,500,000 and (ii) 1.00% (the “Advisory Fee Percentage”) of “Adjusted EBITDA” (as
defined in the Indenture governing the Del Monte Foods Company Senior Notes due 2019) minus (b) the AlpInvest Advisory Fee, payable in quarterly installments in arrears at the end of each fiscal quarter. The Sponsor Managers shall split
the Advisory Fee so that each such Sponsor Manager shall receive a portion of the Advisory Fee equal to its Pro Rata Share (as defined below) of such Advisory Fee. Commencing on the Effective Date, the Company agrees to pay the AlpInvest Manager (or
such affiliates as the AlpInvest Manager designates) an aggregate annual fee (the “AlpInvest Advisory Fee”) in an amount equal to $250,000, payable in quarterly installments in arrears at the end of each fiscal quarter;
provided, that to the extent that the Advisory Fee in any given year, calculated as set forth above, exceeds $6,250,000 (including as a result of an increase in the amount set forth in clause (a)(i)), the AlpInvest Advisory Fee shall be
increased by 3.846% of the amount of such excess over $6,250,000 (the “AlpInvest Additional Fee Amount”); provided, further, if no Advisory Fee is paid or payable to the Sponsor Managers (so long as such Advisory Fee
is not replaced by an annual fee to be paid to the Sponsor Managers in lieu thereof), then the AlpInvest Manager shall not receive the AlpInvest Advisory Fee or any similar fee and the AlpInvest Manager shall have no right to receive any such fee.
The initial Advisory Fee and AlpInvest Advisory Fee shall be pro rated to reflect the portion of the current fiscal quarter that will elapse after the Effective Date. The final quarterly Advisory Fee and AlpInvest Advisory Fee shall be pro rated to
reflect the portion of the final quarter prior to the end of the term of this agreement, as applicable. For purposes of this agreement, the term “Pro Rata Share” of a Sponsor Manager shall mean a fraction, the numerator of which is
the aggregate number of Limited Partnership Units (as defined in the Partnership Agreement (as defined below)) held by affiliates (or such affiliates’ Permitted Transferees (as defined in the Partnership Agreement)) of such Sponsor Manager and
the denominator of which is the total number of Limited Partnership Units held by affiliates (or such affiliates’ Permitted Transferees) of all of the Sponsor Managers outstanding at the time of payment of the Advisory Fee. Each quarterly fee
payment shall be paid assuming, whichever is greater, (i) the Advisory Fee is $6,250,000 and the AlpInvest Advisory Fee is $250,000, or (ii) the Advisory Fee and AlpInvest Advisory Fee calculated based on clause (a)(ii) of the definition
of Advisory Fee using the prior year’s Adjusted EBITDA. Within ninety days (or such longer period of time reasonably required) after the end of each fiscal year (commencing with the first fiscal year ending after the date of this Agreement),
the Company shall certify the Adjusted EBITDA for the preceding fiscal year to the Managers. To the extent that the Adjusted EBITDA as calculated at the end of the fiscal year would result in a greater Advisory Fee for such fiscal year than was paid
to the Sponsor Managers in such fiscal year (the excess which should have been paid to the Sponsor Managers, “Sponsor Excess Fee Amount”) 

  
 2 

 
or a greater AlpInvest Advisory Fee than was paid to the AlpInvest Manager in such fiscal year (the excess which should have been paid to the AlpInvest Manager, “AlpInvest Excess Fee
Amount”), within ten days (or such longer period of time reasonably required) following the determination of the Adjusted EBITDA for such fiscal year the Company shall pay each Sponsor Manager its Pro Rata Share of the Sponsor Excess Fee
Amount and shall pay to the AlpInvest Manager the AlpInvest Additional Excess Fee Amount. To the extent that the Adjusted EBITDA as calculated at the end of the fiscal year would result in a lower Advisory Fee for such fiscal year than was paid to
the Sponsor Managers in such fiscal year (the deficiency which should not have been paid to the Sponsor Managers, “Sponsor Deficiency Amount”) or a lower AlpInvest Advisory Fee than was paid to the AlpInvest Manager in such fiscal
year (the deficiency which should not have been paid to the AlpInvest Manager, “AlpInvest Deficiency Amount”), then the Company may set off against its obligation to pay the next installment of the Advisory Fee (and subsequent
installments if needed to recover such Sponsor Deficiency Amount in full) each Sponsor Manager’s Pro Rata Share of the Sponsor Deficiency Amount and may set off against its obligation to pay the next installment of the AlpInvest Advisory Fee
(and subsequent installments if needed to recover such AlpInvest Deficiency Amount in full) the AlpInvest Manager’s AlpInvest Deficiency Amount. 
 2. From time to time the Sponsor Managers may charge the Company a customary fee (a “Transaction Fee”) for services rendered in connection with securing, structuring and negotiating
equity and debt financing, including with respect to any acquisition, divestiture or other transaction, initial public offering, or a debt or equity financing, in each case, by or involving the Company Group. For the avoidance of doubt, the Company
Group may, from time to time, after the Effective Date, engage one or more Managers or their affiliates to provide additional investment banking or other financial advisory services in connection with any acquisition, divestiture or similar
transaction by the Company Group, in respect of which (i) separate agreements may be entered into and (ii) such Managers or their affiliates may be entitled to receive additional compensation in respect thereof pursuant to such separate
agreements. In addition to any fees that may be payable to the Managers under this agreement, the Company shall, or shall cause one or more of its affiliates to, on behalf of itself and the other members of the Company Group (subject to paragraph
3), reimburse the Managers and their affiliates and their respective employees and agents, from to time upon request, for all reasonable out-of-pocket expenses incurred, including unreimbursed out-of-pocket expenses incurred to the date hereof, in
connection with this retention, including travel expenses and other disbursements and expenses of any legal, accounting or other professional advisors to the Sponsor Managers or their affiliates. The Sponsor Managers may submit monthly expense
statements to the Company or any other member of the Company Group for such out-of-pocket expenses, which statements shall be payable within thirty days. Nothing in this paragraph 2 shall limit any obligations of Partners LP to reimburse any costs
and expenses to the Sponsor Managers, their subsidiaries or affiliates as provided in the Amended and Restated Limited Partnership Agreement of Partners LP, dated as of the date hereof, among the parties thereto, as the same may be amended from time
to time (the “Partnership Agreement”), or in the Amended and Restated Limited Liability Company Agreement of Blue Holdings GP, LLC, dated as of the date hereof, among the parties thereto. 

3. Partners LP, Parent and the Company (on behalf of itself and the other members of the Company Group) hereby acknowledge and agree that
the obligations of the 

  
 3 

 
Company under paragraphs 1 and 2 shall be borne jointly and severally by each member of the Company Group. 
 4. The Company will, and will cause each member of the Company Group to, use its reasonable best efforts to furnish, or to cause their respective subsidiaries and agents to furnish, the Managers with such
information (the “Information”) as such Managers reasonably believe appropriate to their engagement hereunder. The Managers will keep the Information confidential in accordance with the confidentiality provisions of the Partnership
Agreement. The Company acknowledges and agrees that (i) the Managers will rely on the Information and on information available from generally recognized public sources in performing the services contemplated hereunder and (ii) the Managers
do not assume responsibility for the accuracy or completeness of the Information or such other information. 
 5. Partners LP,
Parent and the Company (on behalf of itself and the other members of the Company Group) hereby acknowledge and agree that the services provided by the Managers hereunder are being provided subject to the terms of the Indemnification Agreement, dated
as of the date hereof, between Partners LP, Blue Holdings GP, LLC, Parent, the Company and the Managers (as the same may be amended from time to time, the “Indemnification Agreement”). 

6. Any advice or opinions provided by the Managers may not be disclosed or referred to publicly or to any third party (other than the
Company Group’s legal, tax, financial or other advisors), except with the prior written consent of the Managers. 
 7. The
Company hereby grants the Managers and their affiliates a non-exclusive license to use the Company’s trademarks and logos, solely in connection with describing the Managers’ relationship with the Company and the other members of the
Company Group. 
 8. Each Manager shall act as an independent contractor, with duties solely to the Company Group. The
provisions hereof shall inure to the benefit of and shall be binding upon the parties hereto and their respective successors and assigns; provided that (i) neither this agreement nor any right, interest or obligation hereunder may be assigned
by any party, whether by operation of law or otherwise, without the express written consent of the other parties hereto and (ii) any assignment by a Manager of its rights but not the obligations under this agreement to any entity directly or
indirectly controlling, controlled by or under common control with such Manager shall be expressly permitted hereunder and shall not require the prior written consent of the other parties hereto. Nothing in this agreement, expressed or implied, is
intended to confer on any person other than the parties hereto or their respective successors and assigns, any rights or remedies under or by reason of this agreement. Without limiting the generality of the foregoing, the parties acknowledge that
nothing in this agreement, expressed or implied, is intended to confer on any present or future holders of any securities of the Company or its subsidiaries or affiliates, or any present or future creditor of the Company or its subsidiaries or
affiliates, any rights or remedies under or by reason of this agreement or any performance hereunder. 
 9. This agreement shall
be governed by and construed in accordance with the internal laws of the State of New York. Each of the parties hereby agrees that any action or 

  
 4 

 
proceeding arising out of this agreement or the transactions contemplated hereby shall be brought in the federal or state courts sitting in the County of New York, in the City of New York, New
York, and each of the parties hereby consents to submit itself to the personal jurisdiction of such courts in any such action or proceeding, and hereby waives any defense of inconvenient forum to the maintenance of any action or proceeding so
brought and waives any bond, surety or other security that might be required of any other party with respect thereto. 
 10. All
notices and other communications provided for hereunder shall be in writing and shall be sent by first class mail, telex, telecopier or hand delivery: 
  

			
	 If to Partners LP:
	  	 c/o Kohlberg Kravis Roberts & Co. L.P.

9 West 57th St., Suite 4200
 New York, New York 10019
 Attention: Simon Brown

Facsimile: (212) 750-0003
  

and
  

c/o Vestar Capital Partners V, L.P.
 c/o Vestar Capital Partners
 245 Park Avenue

41st Floor

New York, New York 10167
 Attention: Brian K. Ratzan and Steven Della
 Rocca

Facsimile: 212-808-4922
  

and
  

c/o Centerview Partners, L.P.
 c/o Centerview Partners
 16 School Street

Rye, New York 10580
 Attention: David Hooper
 Facsimile: (914) 921-4816

		
	 with copies to: (which shall not constitute notice)
	  	 Simpson Thacher & Bartlett LLP
 425 Lexington Avenue
 New York, New York 10017

Attention: Marni Lerner, Esq.
 Facsimile: (212) 455-2502

		
	 If to Parent or the Company:
	  	 Del Monte Foods Company
 P.O. Box 193575
 San Francisco, CA 94119-3575

Attention: General Counsel
 Facsimile: 415-247-3263
  

  
 5 

			
	 with copies to: (which shall not constitute notice)
	  	 Simpson Thacher & Bartlett LLP
 425 Lexington Avenue
 New York, New York 10017

Attention: Marni Lerner, Esq.
 Facsimile: (212) 455-2502
  

	 If to the KKR Manager:
	  	 Kohlberg Kravis Roberts & Co. L.P.

9 West 57th St., Suite 4200
 New York, New York 10019
 Attention: Simon Brown

Facsimile: (212) 750-0003

 

	 with a copy to: (which shall not constitute notice)
	  	 Simpson Thacher & Bartlett LLP
 425 Lexington Avenue
 New York, New York 10017

Attention: Marni Lerner, Esq.
 Facsimile: (212) 455-2502
  

	 If to the Vestar Manager:
	  	 Vestar Capital Partners
 245 Park Avenue, 41st Floor
 New York, New York 10167

 

	 with a copy to: (which shall not constitute notice)
	  	 Kirkland & Ellis LLP
 601 Lexington Avenue
 New York, NY 10022

Attention: Michael Movsovich
 Facsimile: (212) 446-6460
  

	 If to the Centerview Manager:
	  	 Centerview Partners Management LLC
 16 School Street
 Rye, New York 10580

Attention: David Hooper
 Facsimile: (914) 921-4816
  

	 with a copy to: (which shall not constitute notice)
	  	 Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas
 New York, NY 10019-6064
 Attention: Marilyn Sobel

Facsimile: (212) 757-3990

  
 6 

			
	 If to the AlpInvest Manager:
	  	 AlpInvest Partners Inc.
 630 Fifth Avenue, 28th Floor
 New York, NY 10111

Attention: Iain Leigh
 Dennis Ever
 Evert Vink

Facsimile: (212) 332 6241

		
	 with a copy to: (which shall not constitute notice)
	  	 Ropes & Gray LLP
 3 Embarcadero Center
 San Francisco, CA 94111-4006

Facsimile number: (415) 315-4873
 Attention: Howard S. Glazer

 or to such other address as any of the above shall
have designated in writing to the other above. All such notices and communications shall be deemed to have been given or made (i) when delivered by hand, (ii) five business days after being deposited in the mail, postage prepaid or
(iii) when telecopied, receipt acknowledged. 
 11. This agreement shall continue in effect from year to year unless
amended or terminated by the consent of all of the parties hereto. In addition, the Company may terminate this agreement with respect to any Manager by delivery of a written notice of termination to such Manager at any time after such Manager and
its affiliates no longer hold any partnership interests in the Partnership LP; provided that in the event of such a termination the Company shall pay in cash to each such Manager all unpaid Advisory Fees (or AlpInvest Advisory Fees, as the case may
be) payable to such Manager hereunder and all expenses due under this agreement to such Manager with respect to periods prior to the termination date. In addition, (i) in connection with the consummation of a Change of Control (as defined in
the Partnership Agreement), the Company may terminate this agreement by delivery of a written notice of termination to the Managers and (ii) immediately following the consummation of an Initial Public Offering (as defined in the Partnership
Agreement), this agreement shall automatically terminate unless the Company, by delivery of a written notice to the Managers prior to such consummation, otherwise elects to continue this agreement in full force and effect. In the event of a
termination of this agreement pursuant to the immediately preceding sentence, the Company shall upon such termination pay in cash (A) to each Sponsor Manager (i) all unpaid Advisory Fees payable to such Sponsor Manager hereunder and all
expenses due under this agreement to such Manager with respect to periods prior to the termination date, plus (ii) the net present value (using a discount rate equal to the yield as of such termination date on U.S. Treasury securities of like
maturity based on the times such payments would have been due) of the Advisory Fees that would have been payable with respect to the period from the termination date through the twelfth anniversary of the Effective Date, or, if terminated following
the twelfth anniversary of the Effective Date, through the first anniversary of the Effective Date occurring after the termination date (assuming for such purposes an annual growth in Adjusted EBITDA from the date of termination through such twelfth
anniversary consistent with the then prevailing inflationary outlook), any such fees payable pursuant to this clause (ii) to be apportioned so that each Sponsor Manager shall receive a portion of such fees equal to its Pro Rata Share of the
aggregate amount of such fees and (B) to the AlpInvest Manager (i) all unpaid AlpInvest Advisory Fees 

  
 7 

 
payable to the AlpInvest Manager hereunder with respect to periods prior to the termination date, plus (ii) the net present value (using a discount rate equal to the yield as of such
termination date on U.S. Treasury securities of like maturity based on the times such payments would have been due) of the AlpInvest Advisory Fees that would have been payable with respect to the period from the termination date through the twelfth
anniversary of the Effective Date, or, if terminated following the twelfth anniversary of the Effective Date, through the first anniversary of the Effective Date occurring after the termination date (assuming for such purposes that the AlpInvest
Advisory Fee for such periods is in the same amount as the AlpInvest Advisory Fee as in effect at the date of termination). 

12. Each party hereto represents and warrants that the execution and delivery of this agreement by such party has been duly authorized by
all necessary action of such party. 
 13. If any term or provision of this agreement or the application thereof shall, in any
jurisdiction and to any extent, be invalid and unenforceable, such term or provision shall be ineffective, as to such jurisdiction, solely to the extent of such invalidity or unenforceability without rendering invalid or unenforceable any remaining
terms or provisions hereof or affecting the validity or enforceability of such term or provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law that renders any term or provision
of this agreement invalid or unenforceable in any respect. 
 14. Each party hereto waives all right to trial by jury in any
action, proceeding or counterclaim (whether based upon contract, tort or otherwise) related to or arising out of the retention of the Managers pursuant to, or the performance by the Managers of the services contemplated by, this agreement.

 15. It is expressly understood that the foregoing paragraphs 2, 3, 5, 6, 9 - 11, and paragraphs 13 - 17, in their entirety,
survive any termination of this agreement. 
 16. Except in cases of fraud, gross negligence or willful misconduct, none of the
Managers, their respective affiliates or any of their respective employees, officers, directors, managers, partners, consultants, members, stockholders or their respective affiliates shall have any liability of any kind whatsoever to any member of
the Company Group for any damages, losses or expenses (including, without limitation, special, punitive, incidental or consequential damages, lost profits and interest, penalties and fees and disbursements of attorneys, accountants, investment
bankers and other professional advisors) with respect to the provision of services hereunder. Each of Partners LP, Parent and the Company (on behalf of itself and the other members of the Company Group), by its acceptance of the benefits hereof,
covenants, agrees and acknowledges that no person other than the Managers shall have any obligation hereunder and that it has no rights of recovery against, and no recourse hereunder or under any documents or instruments delivered in connection
herewith shall be had against, any former, current or future director, officer, manager, agent, consultants, affiliate or employee of the Managers (or any of their successors or permitted assignees), against any former, current or future general or
limited partner, member or stockholder of the Manager (or any of its successors or permitted assignees) or any affiliate thereof or against any former, current or future director, officer, agent, consultants, employee, affiliate, general or limited
partner, stockholder, manager or member of any of the foregoing (collectively, the “Manager Affiliates”), whether by or through attempted 

  
 8 

 
piercing of the corporate veil, by or through a claim by or on behalf of Partners LP or Parent against the Manager Affiliates, by the enforcement of any judgment or assessment or by any legal or
equitable proceeding, or by virtue of any statute, regulation or other applicable law, or otherwise. 
 17. This letter
agreement, the Partnership Agreement and the Indemnification Agreement contain the complete and entire understanding and agreement between the Managers and the Company with respect to the subject matter hereof and supersede all prior and
contemporaneous understandings, conditions and agreements, whether written or oral, express or implied, in respect of the subject matter hereof. The Company acknowledges and agrees that neither Manager makes any representations or warranties in
connection with this letter agreement or its provision of services pursuant hereto. The Company agrees that any acknowledgment or agreement made by the Company in this letter agreement is made on behalf of the Company and the other members of the
Company Group. 
 18. This agreement may be executed in counterparts, each of which shall be deemed an original agreement, but
all of which together shall constitute one and the same instrument. 
 [Remainder of page intentionally left blank.] 

  
 9 

 If the foregoing sets forth the understanding between us, please so indicate on the enclosed
signed copy of this letter in the space provided therefor and return it to us, whereupon this letter shall constitute a binding agreement among us. 
  

					
	Very truly yours,
	
	DEL MONTE CORPORATION
		
	By:	 	 /s/ Richard L. French

		 	Name: Richard L. French
		 	 Title: Senior Vice President,
 Treasurer, Chief Accounting Officer 
 and Controller

	
	 BLUE ACQUISITION GROUP,
 INC.

		
	By:	 	 /s/ Simon Brown

		 	Name: Simon Brown
		 	 Title: President and Chief
 Executive Officer

	
	BLUE HOLDINGS I, L.P.
		
	By:	 	 BLUE HOLDINGS GP, LLC,
 its general partner

		
	By:	 	   /s/ Simon Brown

		 	  Name: Simon Brown
		 	   Title: President and Chief
    Executive Officer

 Monitoring Agreement
– Signature Page 

					
	AGREED TO AND ACCEPTED BY:
	
	KOHLBERG KRAVIS ROBERTS & CO. L.P.
		
	By:	 	 /s/ William J. Janetschek

		 	Name: William J. Janetschek
		 	Title: Member
	
	VESTAR CAPITAL PARTNERS
		
	By:	 	 /s/ Brian Ratzan

		 	Name: Brian Ratzan
		 	Title: Managing Director
	
	CENTERVIEW PARTNERS MANAGEMENT LLC
		
	By:	 	 /s/ David Hooper

		 	Name: David Hooper
		 	Title: Partner
	
	ALPINVEST PARTNERS INC.
		
	By:	 	 /s/ Iain Leigh

		 	Name: Iain Leigh
		 	Title: Managing Partner
		
	By:	 	 /s/ Evert Vink

		 	Name: Evert Vink
		 	Title: Chief Legal Officer

Monitoring Agreement – Signature Page

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