Document:

Exhibit 10.1

 

CHINA HGS REAL ESTATE INC.

 

INDEPENDENT DIRECTOR AGREEMENT

  

This DIRECTOR AGREEMENT (the
 “Agreement”) is made and entered into as of this January 24, 2022 (the “Effective Date”), by and between China
HGS Real Estate Inc., a Florida corporation whose shares are publicly traded (the “Company”), and Qingfeng Zhou
(the “Independent Director”).

 

WHEREAS, the Company desires
to engage the Independent Director, and the Independent Director desires to serve, as a non-employee director of the Company, subject
to the terms and conditions contained in this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual promises and covenants contained herein, the receipt of which is hereby acknowledged, the Company and the Independent Director,
intending to be legally bound, hereby agree as follows:

 

1. DEFINITIONS.

 

(a) “Corporate Status”
describes the capacity of the Independent Director with respect to the Company and the services performed by the Independent Director
in that capacity.

 

(b) “Entity” shall
mean any corporation, partnership, limited liability company, joint venture, trust, foundation, association, organization or other legal
entity.

 

(c) “Proceeding”
shall mean any threatened, pending or completed claim, action, suit, arbitration, alternate dispute resolution process, investigation,
administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative or investigative, whether formal or informal,
including a proceeding initiated by the Independent Director pursuant to Section 12 of this Agreement to enforce the Independent Director’s
rights hereunder.

 

(d) “Expenses”
shall mean all reasonable fees, costs and expenses, approved by the Company in advance and reasonably incurred in connection with any
Proceeding, including, without limitation, attorneys’ fees, disbursements and retainers, fees and disbursements of expert witnesses,
private investigators, professional advisors (including, without limitation, accountants and investment bankers), court costs, transcript
costs, fees of experts, travel expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery
services, secretarial services, and other disbursements and expenses.

 

(e) “Liabilities”
shall mean judgments, damages, liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement.

  

(f) “Parent” shall
mean any corporation or other entity (other than the Company) in any unbroken chain of corporations or other entities ending with the
Company, if each of the corporations or entities, other than the Company, owns stock or other interests possessing 50% or more of the
economic interest or the total combined voting power of all classes of stock or other interests in one of the other corporations or entities
in the chain.

 

(g) “Subsidiary”
shall mean any corporation or other entity (other than the Company) in any unbroken chain of corporations or other entities beginning
with the Company, if each of the corporations or entities, other than the last corporation or entity in the unbroken chain, owns stock
or other interests possessing 50% or more of the economic interest or the total combined voting power of all classes of stock or other
interests in one of the other corporations or entities in the chain.

 

2. SERVICES OF INDEPENDENT DIRECTOR.
While this Agreement is in effect, the Independent Director shall perform duties as an independent director and/or a member of the committees
of the Board, be compensated for such and be reimbursed expenses in accordance with the Schedule A attached to this Agreement, subject
to the following.

 

     

     

    

 

(a) The Independent Director
will perform services as is consistent with Independent Director’s position with the Company, as required and authorized by the
By-Laws and Articles of Incorporation of the Company, and in accordance with high professional and ethical standards and all applicable
laws and rules and regulations pertaining to the Independent Director’s performance hereunder, including without limitation, laws,
rules and regulations relating to a public company.

 

(b) The Independent Director
is solely responsible for taxes arising out of any compensation paid by the Company to the Independent Director under this Agreement,
and the Independent Director understands that she will be issued a U.S. Treasury Form 1099 for any compensation paid to him by the Company.
The Independent Director acknowledges and agrees that because she is not an employee of the Company, the Company will not withhold any
amounts for taxes from any of her payments under the Agreement.

 

(c) The Company may offset
any and all monies payable to the Independent Director to the extent of any monies owing to the Company from the Independent Director.

 

(d) The rules and regulations
of the Company notified to the Independent Director, from time to time, apply to the Independent Director. Such rules and regulations
are subject to change by the Company in its sole discretion. Notwithstanding the foregoing, in the event of any conflict or inconsistency
between the terms and conditions of this Agreement and rules and regulations of the Company, the terms of this Agreement control.

 

3. REQUIREMENTS OF INDEPENDENT
DIRECTOR. During the term of the Independent Director’s services to the Company hereunder, Independent Director shall observe all
applicable laws and regulations relating to independent directors of a public company as promulgated from time to time, and shall not:
(1) be an employee of the Company or any Parent or Subsidiary; (2) accept, directly or indirectly, any consulting, advisory, or other
compensatory fee from the Company other than as a director and/or a member of a committee of the Board; (3) be an affiliated person of
the Company or any Parent or Subsidiary, as the term “affiliate” is defined in 17 CFR 240.10A-3(e)(1), other than in her capacity
as a director and/or a member of a committee of the Board; (4) possess an interest in any transaction with the Company or any Parent or
Subsidiary, for which disclosure would be required pursuant to 17 CFR 229.404(a), other than in her capacity as a director and/or a member
of a committee of the Board committees; (5) be engaged in a business relationship with the Company or any Parent or Subsidiary, for which
disclosure would be required pursuant to 17 CFR 229.404(b), except that the required beneficial interest therein shall be modified to
be 5% hereby.

 

4. REPORT OBLIGATION. While
this Agreement is in effect, the Independent Director shall immediately report to the Company in the event: (1) the Independent Director
knows or has reason to know or should have known that any of the requirements specified in Section 3 hereof is not satisfied or is not
going to be satisfied; and (2) the Independent Director simultaneously serves on an audit committee of any other public company.

 

5. TERM AND TERMINATION. The
term of this Agreement and the Independent Director’s services hereunder shall be for three (3) years from the Effective Date, unless
terminated as provided for in this Section 5. This Agreement and the Independent Director’s services hereunder shall terminate upon
the earlier of the following:

 

(a) Removal of the Independent
Director as a director of the Company, upon proper Board or stockholder action in accordance with the By-Laws and Articles of Incorporation
of the Company and applicable law;

 

(b) Resignation of the Independent
Director as a director of the Company upon written notice to the Board of Directors of the Company;

 

(c) Termination of this Agreement
by the Company, in the event any of the requirements specified in Section 3 hereof is not satisfied, as determined by the Company in its
sole discretion; or

 

     

     

    

 

(d) Failure of the stockholders of the Company
to re-elect the Independent Director at the Company’s annual shareholders’ meeting.

 

6. LIMITATION OF LIABILITY.
In no event shall the Independent Director be individually liable to the Company or its shareholders for any damages for breach of fiduciary
duty as an independent director of the Company, unless the Independent Director’s act or failure to act involves intentional misconduct,
fraud or a knowing violation of law.

 

7. AGREEMENT OF INDEMNITY. The
Company agrees to indemnify the Independent Director as follows:

 

(a) Subject to the exceptions
contained in Section 8(a) below, if the Independent Director was or is a party or is threatened to be made a party to any Proceeding (other
than an action by or in the right of the Company) by reason of the Independent Director’s Corporate Status, the Independent Director
shall be indemnified by the Company against all Expenses and Liabilities incurred or paid by the Independent Director in connection with
such Proceeding (referred to herein as “INDEMNIFIABLE EXPENSES” and “INDEMNIFIABLE LIABILITIES,” respectively,
and collectively as “INDEMNIFIABLE AMOUNTS”).

 

(b) Subject to the exceptions
contained in Section 8(b) below, if the Independent Director was or is a party or is threatened to be made a party to any Proceeding by
or in the right of the Company, to procure a judgment in its favor by reason of the Independent Director’s Corporate Status, the
Independent Director shall be indemnified by the Company against all Indemnifiable Expenses.

 

(c) For purposes of this Agreement,
the Independent Director shall be deemed to have acted in good faith in conducting the Company’s affairs as an independent director
of the Company and/or a member of a committee of the Board of the Company, if the Independent Director: (i) exercised or used the same
degree of diligence, care, and skill as an ordinarily prudent man would have exercised or used under the circumstances in the conduct
of her own affairs; or (ii) took, or omitted to take, an action in reliance upon advise of counsels or other professional advisors for
the Company, or upon statements made or information furnished by other directors, officers or employees of the Company, or upon a financial
statement of the Company provided by a person in charge of its accounts or certified by a public accountant or a firm of public accountants,
which the Independent Director had reasonable grounds to believe to be true.

 

8. EXCEPTIONS TO INDEMNIFICATION.
Director shall be entitled to indemnification under Sections 7(a) and 7(b) above in all circumstances other than the following:

 

(a) If indemnification is
requested under Section 7(a) and it has been adjudicated finally by a court or arbitral body of competent jurisdiction that, in connection
with the subject of the Proceeding out of which the claim for indemnification has arisen, (i) the Independent Director failed to act in
good faith and in a manner the Independent Director reasonably believed to be in or not opposed to the best interests of the Company,
(ii) the Independent Director had reasonable cause to believe that the Independent Director’s conduct was unlawful, or (iii) the
Independent Director’s conduct constituted willful misconduct, fraud or knowing violation of law, then the Independent Director
shall not be entitled to payment of Indemnifiable Amounts hereunder.

 

(b) If indemnification is
requested under Section 7(b) and

 

(i) it has been adjudicated
finally by a court or arbitral body of competent jurisdiction that, in connection with the subject of the Proceeding out of which the
claim for indemnification has arisen, the Independent Director failed to act in good faith and in a manner the Independent Director reasonably
believed to be in or not opposed to the best interests of the Company, including without limitation, the breach of Section 4 hereof by
the Independent Director, the Independent Director shall not be entitled to payment of Indemnifiable Expenses hereunder; or

 

(ii) it has been adjudicated
finally by a court or arbitral body of competent jurisdiction that the Independent Director is liable to the Company with respect to any
claim, issue or matter involved in the Proceeding out of which the claim for indemnification has arisen, including, without limitation,
a claim that the Independent Director received an improper benefit or improperly took advantage of a corporate opportunity, the Independent
Director shall not be entitled to payment of Indemnifiable Expenses hereunder with respect to such claim, issue or matter.

  

     

     

    

 

9. WHOLLY OR PARTLY SUCCESSFUL.
Notwithstanding any other provision of this Agreement, and without limiting any such provision, to the extent that the Independent Director
is, by reason of the Independent Director’s Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding,
the Independent Director shall be indemnified in connection therewith. If the Independent Director is not wholly successful in such Proceeding
but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company
shall indemnify the Independent Director against those Expenses reasonably incurred by the Independent Director or on the Independent
Director’s behalf in connection with each successfully resolved claim, issue or matter. For purposes of this section, the termination
of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result
as to such claim, issue or matter.

 

10. ADVANCES AND INTERIM EXPENSES.
The Company may pay to the Independent Director all Indemnifiable Expenses incurred by the Independent Director in connection with any
Proceeding, including a Proceeding by or in the right of the Company, in advance of the final disposition of such Proceeding, if the Independent
Director furnishes the Company with a written undertaking, to the satisfaction of the Company, to repay the amount of such Indemnifiable
Expenses advanced to the Independent Director in the event it is finally determined by a court or arbitral body of competent jurisdiction
that the Independent Director is not entitled under this Agreement to indemnification with respect to such Indemnifiable Expenses.

 

11. PROCEDURE FOR PAYMENT OF
INDEMNIFIABLE AMOUNTS. The Independent Director shall submit to the Company a written request specifying the Indemnifiable Amounts, for
which the Independent Director seeks payment under Section 7 hereof and the Proceeding of which has been previously notified to the Company
and approved by the Company for indemnification hereunder. At the request of the Company, the Independent Director shall furnish such
documentation and information as are reasonably available to the Independent Director and necessary to establish that the Independent
Director is entitled to indemnification hereunder. The Company shall pay such Indeminfiable Amounts within thirty (30) days of receipt
of all required documents.

 

12. REMEDIES OF INDEPENDENT
DIRECTOR.

 

(a) RIGHT TO PETITION COURT.
In the event that the Independent Director makes a request for payment of Indemnifiable Amounts under Sections 7, 9-11 above, and the
Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, the Independent Director
may petition the appropriate judicial authority to enforce the Company’s obligations under this Agreement.

  

(b) BURDEN OF PROOF. In any
judicial proceeding brought under Section 12 (a) above, the Company shall have the burden of proving that the Independent Director is
not entitled to payment of Indemnifiable Amounts hereunder.

 

(c) EXPENSES. The Company
agrees to reimburse the Independent Director in full for any Expenses incurred by the Independent Director in connection with investigating,
preparing for, litigating, defending or settling any action brought by the Independent Director under Section 12 (a) above, or in connection
with any claim or counterclaim brought by the Company in connection therewith.

 

(d) VALIDITY OF AGREEMENT.
The Company shall be precluded from asserting in any Proceeding, including, without limitation, an action under Section 12 (a) above,
that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement
and shall stipulate in court that the Company is bound by all the provisions of this Agreement.

 

(e) FAILURE TO ACT NOT A DEFENSE.
The failure of the Company (including its Board of Directors or any committee thereof, independent legal counsel, or stockholders) to
make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses
under this Agreement shall not be a defense in any action brought under Section 12 (a) above.

 

     

     

    

 

13. PROCEEDINGS AGAINST COMPANY.
Except as otherwise provided in this Agreement, the Independent Director shall not be entitled to payment of Indemnifiable Amounts or
advancement of Indemnifiable Expenses with respect to any Proceeding brought by the Independent Director against the Company, any Entity
which it controls, any director or officer thereof, or any third party, unless the Company has consented to the initiation of such Proceeding.
This section shall not apply to counterclaims or affirmative defenses asserted by the Independent Director in an action brought against
the Independent Director.

 

14. [RESERVED]

 

15. SUBROGATION. In the event
of any payment of Indemnifiable Amounts under this Agreement and/or the D&O Insurance, the Company or its Insurance Carrier, as the
case may be, shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director
against other persons, and the Independent Director shall take, at the request of the Company, all reasonable action necessary to secure
such rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

16. AUTHORITY. Each party has
all necessary power and authority to enter into, and be bound by the terms of, this Agreement, and the execution, delivery and performance
of the undertakings contemplated by this Agreement have been duly authorized by each party hereto:

 

17. SUCCESSORS AND ASSIGNMENT.
This Agreement shall (a) be binding upon and inure to the benefit of all successors and assigns of the Company (including any transferee
of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or
consolidation or otherwise by operation of law), and (b) be binding on and shall inure to the benefit of the heirs, personal representatives,
executors and administrators of the Independent Director. The Independent Director has no power to assign this Agreement or any rights
and obligations hereunder.

 

18. CHANGE IN LAW. To the extent
that a change in applicable law (whether by statute or judicial decision) shall mandate broader or narrower indemnification than is provided
hereunder, the Independent Director shall be subject to such broader or narrower indemnification and this Agreement shall be deemed to
be amended to such extent.

 

19. SEVERABILITY. Whenever possible,
each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision
of this Agreement, or any clause thereof, shall be determined by a court of competent jurisdiction to be illegal, invalid or unenforceable,
in whole or in part, such provision or clause shall be limited or modified in its application to the minimum extent necessary to make
such provision or clause valid, legal and enforceable, and the remaining provisions and clauses of this Agreement shall remain fully enforceable
and binding on the parties.

  

20. MODIFICATIONS AND WAIVER.
Except as provided in Section 18 hereof with respect to changes in applicable law which broaden or narrow the right of the Independent
Director to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed
in writing by each of the parties hereto. No delay in exercise or non-exercise by the Company of any right under this Agreement shall
operate as a current or future waiver by it as to its same or different rights under this Agreement or otherwise.

 

21. NOTICES. All notices, requests,
demands and other communications hereunder shall be in writing in English and shall be deemed to have been duly given (a) when delivered
by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by express mail with delivery confirmation with
postage prepaid, on the 5th business day after the date on which it is so mailed:

 

     

     

    

 

If to Independent Director,
to: 6 Xinghan Road, 19th Floor, Hanzhong City, Shaanxi Province, PRC 723000.

 

If to the Company, to: 6 Xinghan
Road, 19th Floor, Hanzhong City, Shaanxi Province, PRC 723000.

 

Or to such other address as
may have been furnished in the same manner by any party to the others.

 

22. GOVERNING LAW. This Agreement
shall be governed by and construed and enforced under the laws of the State of New York.

 

23. CONSENT TO JURISDICTION.
The parties hereby consent to the jurisdiction of the courts having jurisdiction over matters arising in New York County, New York for
any proceeding arising out of or relating to this Agreement. The parties agree that in any such proceeding, each party shall waive, if
applicable, inconvenience of forum and right to a jury.

 

24. AGREEMENT GOVERNS. This
Agreement is to be deemed consistent wherever possible with relevant provisions of the By-Laws and Articles of Incorporation of the Company;
however, in the event of a conflict between this Agreement and such provisions, the provisions of this Agreement shall control.

 

25. INDEPENDENT CONTRACTOR.
The parties understand, acknowledge and agree that the Independent Director’s relationship with the Company is that of an independent
contractor and nothing in this Agreement is intended to or should be construed to create a relationship other than that of independent
contractor. Nothing in this Agreement shall be construed as a contract of employment/engagement between the Independent Director and the
Company or as a commitment on the part of the Company to retain the Independent Director in any capacity, for any period of time or under
any specific terms or conditions, or to continue the Independent Director’s service to the Company beyond any period.

 

26. ARBITRATION. Any dispute,
controversy or claim arising out of or relating to this Agreement or the breach thereof, shall be settled by arbitration, before one arbitrator
in accordance with the rules of the American Arbitration Association then in effect and judgment upon the award rendered by the arbitrator
may be entered in any court having jurisdiction. The arbitrator will be selected, by the parties, from a panel of attorney arbitrators.
The parties agree that any arbitration shall be held in New York, New York. The language of the arbitration shall be in English. The arbitrator
will have no authority to make any relief, finding or award that does not conform to the terms and conditions of this Agreement. Each
party shall bear its own attorneys’ or expert fees and any and all other party specific costs. Either party, before or during any
arbitration, may apply to a court having jurisdiction for a restraining order or injunction where such relief is necessary to protect
its interests. Prior to initiation of arbitration, the aggrieved party will give the other party written notice, in accordance with this
Agreement, describing the claim as to which it intends to initiate arbitration.

 

27. ENTIRE AGREEMENT. This Agreement
constitutes the entire agreement between the Company and the Independent Director with respect to the subject matter hereof, and supersedes
all prior understandings and agreements with respect to such subject matter.

 

IN WITNESS WHEREOF, the parties
hereto have executed this Independent Director Indemnification Agreement as of the day and year first above written.

 

     

     

    

 

	AGREED	 	AGREED
	 	 	 
	China HGS Real Estate Inc.	 	Independent Director
	 	 	 
	 	 	 
	/s/ Neng Chen	 	/s/ Qingfeng Zhou
	Name:  Neng Chen	 	Name: Qingfeng Zhou
	Title:   Chief Executive OfficerEX-10.21

 Exhibit 10.21 

SEVERANCE AGREEMENT AND GENERAL AND FULL RELEASE 

This Severance Agreement and General and Full Release (“Agreement”) is made by Del Monte Fresh Produce Company (the “Company”) and Youssef
Zakharia (“Employee”) based upon the following: 
 1.    Separation Date; Final Pay; Accrued Obligations; RSU Accelerated
Vesting and Release and Non-Competition. 
 (a)    Separation Date.
Employee’s employment as President, Chief Operations Officer, will terminate effective as of January 31, 2022 (the “Separation Date”). Employee shall receive Employee’s last paycheck, including the one-week holdback amount held by the Company, as a Company employee on the first payroll pay date after the Separation Date, pursuant to the Company’s regular payroll practices. 

(b)    Unused Paid Time Off (“PTO’). Employee’s PTO accrued prior to the Separation Date but unused
as of the Separation Date (if any), including any approved 2021 carry over PTO, will be paid in a lump sum, less applicable payroll taxes, on the first payroll pay date after the Separation Date or as required by state law. This payment will be paid
out of general corporate assets and subject to regular withholding. As of the Separation Date, no further PTO shall be accrued by Employee. The Company will require repayment of any negative PTO balance (PTO used before it was actually accrued or
earned). Employee’s signature below is Employee’s agreement that any negative PTO balances can be withheld from the Severance Payments (described below) where permitted by state law. If Employee’s signature on this Agreement is
insufficient under state law, the Company will address repayment of Employee’s negative PTO balance in a separate agreement. 

(c)    Accrued Obligations. Following the Separation Date, the Company shall pay or provide to Employee: 

 

	 	(i)	 Reimbursement of Business Expenses. The Company shall pay or provide to Employee any unreimbursed
Company-approved business expenses, payable in accordance with the Company’s expense reimbursement policy; and 

  

	 	(ii)	 Incentive Savings & Security Plan. The Company will provide to Employee any
vested benefits under the Company’s Incentive Savings and Security Plan (“ISSP”), distributed in accordance with the terms of the ISSP plan. The Company’s ISSP-Benefit Administration Committee will send Employee the forms that
are to be used to make Employee’s distribution election as allowed under the ISSP plan. 

  

	 	(iii)	 Restricted Stock Units (“RSUs”). The Company will provide to Employee any vested RSUs pursuant
to the Fresh Del Monte Produce Inc., 2014 Omnibus Share Incentive Plan, Effective as of April 1, 2014, as amended (the “Share Plan”) and the award agreements thereunder (the “Award Agreements”) and the Company’s
Long-Term Incentive Plan, in each case, in accordance with the terms of such plans and any related award agreements or notices. 

(d)    Accelerated Vesting and Release of RSUs. Pursuant to the Share Plan and the Award Agreements, Employee is
not entitled to any unvested RSUs granted to Employee. However, notwithstanding anything to the contrary in the Share Plan or Award Agreements, in exchange for Employee’s promises set forth in this Agreement, and subject to Employee’s
compliance with the terms and conditions of this Agreement, including without limitation, Employee’s obligation to cooperate as set 

  
 1 

 
forth in Section 9 below, the Company will cause the vesting of Employee’s unvested RSUs specifically identified in Exhibit A, attached hereto and incorporated herein to
be accelerated (hereinafter collectively referred to as “Accelerated RSUs”) and will release the Accelerated RSUs to the Employee (the “Released RSUs”) on or before March 2, 2022, provided further that the Released RSUs
remain subject to Employee’s deferral election, if any and to compliance with the requirements of Section 409A (as defined below). For the avoidance of doubt, any other RSUs or other awards granted to Employee by the Company that are
unvested under the Share Plan and any applicable Award Agreement as of the Separation Date shall be forfeited and canceled for no consideration as of the Separation Date. 

(e)    Retirement and Welfare Benefit Plans. Employee’s active participation in all retirement and welfare
benefit plans of the Company (including, but not limited to, the Company’s Incentive Savings and Security 401(k) Plan (“ISSP”), the group term life insurance plan and the long- and short-term disability plans) will end on the
Separation Date and Employee will cease accruing benefits under all such retirement benefit plans as of such date and Employee will cease being covered by all such welfare benefit plans as of such date. Employee will be subject to all generally
applicable rules under these retirement and welfare benefit plans, including, without limitation, all early retirement, vesting and forfeiture provisions. As per the ISSP plan documents, if Employee’s vested account balance is $5,000 or less,
Employee will automatically receive a lump sum distribution. If Employee’s vested account balance is more than $5,000, Employee must give consent before the distribution can be made. This consent may be given on the Merrill Lynch website
www.benefits.ml.com or by calling the customer service center at 800-228-4015. 

(f)    Non-Competition. In exchange for the promises made herein and for
other good a valuable consideration received, Employee agrees that, throughout the “Non-Compete Period” (as hereinafter defined), and without the express prior written consent of the Company,
Employee shall not, directly or indirectly, as employee, agent, consultant, stockholder, director, partner or in any other individual or representative capacity, own, operate, manage, control, engage in, invest in or participate in any manner in,
act as a consultant or advisor to, render services to (alone or in association with any firm, person, corporation or entity), or otherwise assist any person or entity (including, but not limited to, any investment banking firm, venture capital firm,
or hedge fund or other investment entity) that directly or indirectly engages in the business of producing, marketing, distributing or selling fresh or prepared fruits or vegetables anywhere in the world (the “Business”). If Employee is in
any way involved with a person or entity that is engaged in, or planning to engage in, the Business, Employee shall immediately cease his involvement with such person or entity so as to remain in compliance with the provisions of this Section. The
foregoing provisions of this Section shall not prohibit Employee during the Non-Compete Period from at any time investing in the publicly held common equity of any entity that is engaged in the Business,
provided that Employee is not otherwise involved in the Business and that Employee does not directly or indirectly own more than an aggregate of 2% of the outstanding common equity of such entity. 

Without limiting the generality of the foregoing, Employee agrees that during the Non-Compete Period Employee will
not, directly or indirectly, solicit (or participate as employee, agent, consultant, stockholder, director, partner, member or in any other individual or representative capacity in any business that solicits) business from any person, firm,
corporation or other entity that is a customer of the Company or any of its affiliated companies at the time of such solicitation, or from any successor in interest to any such person, firm, corporation or other entity, for the purpose of securing
business or contracts relating to the Business. 
 Employee further agrees that during the Non-Compete Period,
Employee shall expressly inform any person or entity that is actively considering engaging his services as an employee, independent contractor or otherwise during the Non-Compete Period and that is involved,
either itself or through any related person or entity, in any way with producing, marketing, distributing or selling fresh fruits or vegetables or prepared food or beverages of Employee’s obligations under this Section. If Employee requests
relief from any of the restrictions of this Section, the Company will entertain Employee’s request in good faith but reserves the unilateral right, in its sole and absolute discretion, to deny for any reason whatsoever Employee’s request,
in whole or in part. 

  
 2 

 For purposes of this Agreement, “Non-Compete Period” shall
mean the Severance Period (as defined in Section 2 below). 
 2.    Severance Payments. 

(a)    In consideration for the promises made in this Agreement, between the period beginning February 1, 2022 to and
including January 31, 2023 (the “Severance Period”), Employee will (i) continue to receive regular payment of his base salary on a bi-weekly pay schedule, subject to normal deductions for
taxes, healthcare benefit program contribution and other applicable payroll deductions (“Base Salary”) pursuant to the Company’s regular payroll practices; (ii) continue to receive health coverage benefit in which Employee and
his eligible dependents were participating immediately prior to the Separation Date, subject to the terms and conditions of such plans (“Healthcare Benefits”); (iii) Fifty Thousand Dollars ($50,000) for outplacement services (the
“Outplacement Payment”; and (iv) Sixty-Two Thousand Dollars ($62,000) for potential relocation services (“Relocation Payment”) (the Base Salary, Healthcare Benefits, Outplacement
Payment and Relocation Payment hereinafter collectively referred to as the “Severance Payments”). During the Severance Period, Employee shall remain available to respond to inquiries by Company representatives to matters in which Employee
was involved during his employment with the Company on a reasonably requested basis. Employee further acknowledges that the Severance Payments relating to the Severance Period are not required by the Company’s policies and are in addition to
any compensation that was owed to the Employee. 
 (b)    Employee agrees that the Severance Payment(s) will be
considered wages in lieu of notice so that pursuant to the applicable state unemployment insurance law, Employee’s eligibility for unemployment compensation will commence, if applicable, after the end of the Severance Period. If for any reason
Employee begins collecting unemployment compensation benefits prior to the end of the Severance Period that are attributable to the Company’s unemployment insurance, Employee agrees that the Company shall be entitled to discontinue the
Severance Payments provided for in this Section. 
 (c)    Healthcare Benefits will cease on the last day of the month
of Employee’s last month of the Severance Period. Employee may elect to continue such healthcare benefits through the Consolidated Omnibus Budget Reconciliation Act (COBRA). Employee will receive information about such election under a separate
letter. 
 (d)    Employee acknowledges that Employee is not entitled to any other payments and benefits except for the
payments described in Sections 1 and 2. 
 3.    General Release. 

(a)    Employee further promises, on Employee’s behalf and on behalf of Employee’s heirs, legal representatives, successors-in-interest, and assigns, in consideration of the terms set forth in this Agreement, to release and forever discharge the Company, its parent company, affiliated
companies, subsidiaries, successors and assigns, and all of their respective officers, directors, employees, shareholders, representatives, insurers, attorneys and agents, and all persons acting by, through or under, or in concert with any of them
individually and in their official capacities (collectively “Releasees”), from any and all claims for relief, actions or causes of action for damages, judgment and any and all demands whatsoever, in law or in equity, whether known or
unknown, which Employee may have, in the past may have had, or in the future may have by reason of, arising out of, or in any way related to Employee’s employment with the Company, the termination of that employment, or any other matters of
whatever nature, whether known 

  
 3 

 
or unknown, occurring prior to the date of Employee’s execution of this Agreement, including, but not limited to, any alleged violation of any and all local, state or federal laws,
including, but not limited to, those arising under the Fair Labor Standards Act (including the Equal Pay Act), the Civil Rights Acts of 1866, 1964 and 1991, any applicable state Civil Rights Act (which prohibits discrimination based on sex, race,
color, religion, national origin, disability or otherwise), the Occupational Safety and Health Act, the Immigration Reform and Control Act of 1986, the Employee Polygraph Protection Act of 1989, the Americans with Disabilities Act, the Age
Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Family and Medical Leave Act, the Health Insurance Portability and Accountability Act of 1996, the Worker Adjustment and Retraining Notification Act, the Genetic
Information Nondiscrimination Act, and the Employee Retirement Income Security Act of 1974, as any of the foregoing may be amended from time to time, as well as any common law claims, including, without limitation, claims based on harassment,
discrimination or wrongful discharge. Employee agrees that by accepting any of the consideration specified in this Agreement after the first day of the Severance Period, Employee shall be reaffirming his agreement with this General Release with the
same legal effect as if Employee actually executed this General Release on such date. 
 (b)    Nothing in this
Agreement is intended to waive claims (i) for unemployment or workers’ compensation benefits, (ii) for vested rights under ERISA-covered employee benefit plans as applicable on the date Employee signs this Agreement, (iii) that
may arise after the expiration of the Severance Period, (iv) for reimbursement of expenses under the Company’s expense reimbursement policies, or (v) which cannot be released by private agreement. 

4.    Covenant Not to Sue. 

(a)    Employee hereby covenants and agrees not to sue or otherwise bring any suit or claim against the Company or any of
its affiliates for any claims including but not limited to the claims released by this Agreement except as listed below. 

(b)    Nothing in this Agreement including but not limited to the General Release in Section 3 (a) above,
(i) prevents Employee from filing a charge or complaint with, or from participating in an investigation or proceeding conducted by, the Equal Employment Opportunity Commission, the National Labor Relations Board, the Securities and Exchange
Commission, or any other federal, state or local agency charged with the enforcement of any laws, including providing documents or any other information, or (ii) limits Employee from exercising rights under Section 7 of the NLRA to engage
in protected, concerted activity with other employees, although by signing this Agreement Employee is waiving rights to individual relief (including back pay, front pay, reinstatement or other legal or equitable relief) in any charge, complaint, or
lawsuit or other proceeding brought by Employee or on Employee’s behalf by any third party, except for any right Employee may have to receive a payment or award from a government agency (and not the Company) for information provided to the
government agency or otherwise where prohibited. Notwithstanding Employee’s confidentiality and non-disclosure obligations in this Agreement and otherwise, Employee understands that as provided by the
Federal Defend Trade Secrets Act, Employee will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret made: (iii) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or (iv) in a complaint or other document filed in a lawsuit or other proceeding, if such filing
is made under seal. 
 5.    Attorney’s Fees. In the event of any litigation arising out of this Agreement, the prevailing
party shall be entitled to actual reasonable attorneys’ fees. 

  
 4 

 6.    Confidential Information. 

(a)    Employee acknowledges that during Employee’s employment with the Company, Employee has had access to certain
business, financial, and other information of the Company which is not made readily available to the public, including, without limitation, marketing, advertising and promotional ideas, surveys and strategies, technology, budgets, business plans,
vendor lists, research, financial, purchasing, employment data and information, costs, profits, market, sales, products, product lines, key personnel, pricing policies, operational methods, customers, customer requirements, suppliers, plans for
future developments, other business affairs and methods and other information not readily available to the public (herein “Confidential Information”) that must be maintained in strict confidence in order for the Company to protect its
business and its competitive position in the marketplace. Unless otherwise authorized in writing by the Company, Employee agrees that Employee will not directly or indirectly publish or disclose any Confidential Information to any competitor or
other person outside the Company, and Employee will not remove from the premises of the Company or use for Employee’s own benefit or otherwise, appropriate or copy any Confidential Information. This applies whether or not Employee developed the
Confidential Information. 
 (b)    Additionally, Employee agrees not to make any disparaging or derogatory remarks
orally or in writing, directly or through others, about the conduct or character of the Company or any of its parents, subsidiaries, or affiliates, or their agents, employees, officers, directors, successors, or assigns. 

7.    Non-Solicitation of Employees/Contractors. Employee further agrees that, during the
Severance Period, Employee shall not, without the prior written consent of the Company, directly or indirectly, in any capacity, solicit, entice, or induce, or attempt to solicit, entice or induce, any person who at the time is or within the
preceding twelve (12) months was an employee, independent contractor, officer or director of the Company or any subsidiary or affiliate of the Company to (i) become employed or otherwise engaged by or enter into a joint venture or
partnership with Employee or any other business, person or entity, or (ii) terminate his or her employment or engagement with the Company or such subsidiary or affiliate of the Company. 

8.    Confirmation of Compliance. 

(a)    Employee represents and warrants that, during Employee’s employment with the Company, Employee did not violate
any of the Company’s policies, or the Company’s rules and regulations on conduct and standards of business conduct, and that Employee did not violate any federal, state or local law (common, statutory, civil or criminal), in any way
related to the performance of Employee’s job duties while employed by the Company. Any breach of this Section shall be deemed to be material. 

(b)    Employee further acknowledges (i) Employee has reported to the Company any and all work-related injuries
incurred during employment; (ii) the Company properly provided any leave of absence because of Employee’s or a family member’s health condition and Employee has not been subjected to any improper treatment, conduct or actions due to a
request for or taking any such leave; (iii) Employee has had the opportunity to provide the Company with written notice of any and all concerns regarding suspected ethical and compliance issues or violations on the part of the Company or any
other Releasees; and (iv) Employee has reported any pending judicial or administrative complaints, claims, or actions filed against the Company or any other Releasees and agrees to request withdrawal or move to dismiss any such pending
administrative or judicial complaints, charges, claims, or actions. 
 9.    Agreement to Cooperate. Prior to, the Separation
Date and during the Severance Period, Employee agrees to fully cooperate with and assist the Company with respect to matters in which Employee was involved during his employment, including providing accurate and complete information, meeting with
the 

  
 5 

 
Company’s representatives, attorneys, auditors or agents, providing truthful statements and affidavits if necessary and appearing at hearings, depositions and trials if, at any reasonable
time, Employee’s assistance is deemed necessary or useful by the Company in prosecuting or defending claims or rights by or against the Company, including, but not limited to, actual or threatened litigation or legal proceedings involving the
Company. Employee acknowledges that his responsibilities to the Company and its lawyers, in this regard, are protected by the confidentiality requirements of the attorney-client privilege and/or the attorney-work product doctrine, and agrees, to the
extent required by applicable law, to abide by all applicable confidentiality requirements corresponding to said privilege and doctrine. Employee agrees not to testify for, appear on behalf of, or otherwise assist in any way any individual, company,
or agency (other than as detailed in Section 4 above) in any claim against the Company or any of its affiliated companies unless pursuant to a lawful subpoena issued to Employee. If such a subpoena is issued, Employee will promptly notify the
Company and provide it with a copy of the subpoena. If Employee violates this provision, the Company shall be entitled to any and all applicable legal or equitable remedies. The payment by Employee of liquidated damages pursuant to this paragraph
does not release Employee from the promises Employee has made in this Agreement. For any cooperation matters that the Company needs Employee’s attention after the Severance Period, the Company will take into consideration the Employee’s
personal and business commitments which will take priority and will give Employee as much advance notice as reasonably possible. During and after the Severance Period, the Company agrees to reimburse Employee for all reasonable out-of-pocket expenses Employee incurs as a result of Employee complying with this provision, subject to Employee’s submission to the Company of documentation
substantiating such expenses as the Company may reasonably require. Employee understands that satisfactory transition of Employee’s responsibilities is a condition precedent to Company accelerating the RSUs listed on Exhibit A, as described in
Section 1(d) above. 
 10.    Return of Company Property. Employee agrees to return all Company property and all documents
related to the Company or any of its affiliated companies on Employee’s Separation Date. Such property includes the Company computer issued to Employee (without deletion of files therefrom), Company keys, badge, credit card, petty cash, files,
furniture, equipment, business cards, client lists, documents, computer printouts or software, unpublished advertisements, brochures, plans, records, drawings, materials, papers and any other record, document or tangible property relating to the
Company, its business or any of its affiliated companies. It is specifically agreed that any documents, cards, files, notebooks, address lists, etc. containing customer information are the property of the Company or any of its affiliated companies
regardless of by whom they were compiled. Employee’s access to the Company e-mail system will cease on Employee’s Separation Date. 

11.    Neutral Reference. The Company’s Human Resources Department is the only authorized personnel who can respond to
employment verification requests from other companies. Employee should direct any request for employment verification to the Human Resources Department, which will confirm only the following types of information regarding employment with the
Company: (a) dates of employment; (b) position held; and (c) final pay rate (with Employee’s written consent only). 

12.    Non-Compliance. Employee understands and agrees that if Employee breaches any of the
terms or conditions of this Agreement, the Company, in addition to any other remedies it may have at law or in equity, shall have the right, irrespective of whether Employee can be judicially compelled to comply with the breached provision (for
example, if Employee were to breach Section 6 or Section 7 or Section 9, irrespective of whether those sections might be unenforceable because they are judicially determined to be overly broad), to discontinue paying to Employee the
Severance Payments referenced in Section 2 (if the breach occurs on or before the last day of the Severance Period), and/or cease providing any of the other benefits provided for in this Agreement. 

  
 6 

 13.    No Admission. Employee agrees that, by tendering the Severance Payments,
the Company is in no way admitting, and specifically denies, that it engaged in or has engaged in any violation of state, federal or foreign law, breached any contractual commitment or committed any tortious act or omission. This Agreement shall not
be offered or received in evidence in this or any other action or proceeding as an admission or conclusion of liability or wrongdoing of any nature by the Company. 

14.    Severability. In the event that any of the terms of this Agreement are found to be unenforceable by a court of competent
jurisdiction, the remainder of this Agreement shall not be affected thereby and shall remain in full force and effect. 

15.    Governing Law; Venue. Employee agrees that all terms and conditions of this Agreement shall be governed by the laws
of the State of Florida, without regard to its choice of law provisions. Employee further agrees that any action to resolve any dispute with respect to this Agreement shall be brought exclusively in Miami-Dade County, Florida and, if possible, in
Federal District Court. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction, venue or based upon forum
non conveniens. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL ACTION, PROCEEDING, CAUSE OF ACTION OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 16.    Section 409A. This Agreement is intended to
comply, to the extent applicable, with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and shall, to the extent practicable, be construed in accordance with such section. For
purposes of this Agreement, each amount to be paid or benefit to be provided will be construed as a separate identified payment for purposes of Section 409A, and any payments that are due within the “short term deferral period” as
defined in Section 409A will not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or
additional taxes under Section 409A, amounts reimbursable to Employee under this Agreement shall be paid to Employee on or before the last day of the year following the year in which the expense was incurred and the amount of expenses eligible
for reimbursement (and in-kind benefits provided to Employee) during any one year may not effect amounts reimbursable or provided in any subsequent year. The Company makes no representations or warranties that
the payments provided under the Severance Agreement or any other agreement comply with, or are exempt from, Section 409A, and in no event shall the Company be liable for any portion of any taxes, penalties, interest, or other expenses that may
be incurred by Employee on account of Section 409A. 
 17.    Taxes & Withholding of
Taxes.    Employee shall be solely responsible for all taxes on the compensation and benefits provided to Employee under this Agreement, and Employee represents that he has sought the advice of a competent tax advisor
concerning this Agreement and all matters pertaining hereto. Employee hereby warrants and covenants that he shall not make any claim against the Company or any subsidiary, parent or affiliate of the Company with respect to the tax treatment or tax
liability of, or on, any amounts or benefits related to this Agreement. The Company may withhold from any payments made pursuant to this Agreement all applicable federal, state, city and other taxes, if any, as may be required pursuant to any law or
governmental regulation or ruling. 
 18.    Modification, Waiver. No provision of this Agreement may be amended or modified
unless such amendment or modification is agreed to in writing and signed by Employee and by a duly authorized officer of the Company (other than Employee). No waiver by either of the parties of any breach by the other party hereto of any condition
or provision of this Agreement to be performed by the other party hereto shall be 

  
 7 

 
deemed a waiver of any similar or dissimilar provision or condition at the same or any prior or subsequent time, nor shall the failure of or delay by either of the parties in exercising any
right, power or privilege hereunder operate as a waiver thereof to preclude any other or further exercise thereof or the exercise of any other such right, power or privilege. 

19.    Successors and Assigns. The Company may assign this Agreement to any subsidiary or affiliate or to any successor or assign
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company. This Agreement shall inure to the benefit of the Company and permitted successors and assigns.
Employee may not assign this Agreement or any part hereof. Any purported assignment by Employee shall be null and void from the initial date of purported assignment. 

20.    Time to Consider; Effective Date. Employee acknowledges that the Company is under no obligation to provide this Agreement,
and Employee further acknowledges that Employee has been given a period of twenty-one (21) days within which to consider this Agreement. For a period of seven (7) days following the execution of this
Agreement, Employee may revoke this Agreement, and the Agreement shall not become effective or enforceable until after the revocation period has expired. Revocation shall be in writing and delivered prior to the expiration of the revocation period
to Tarek Betti, Vice President, Human Resources: via mail, Del Monte Fresh Produce Company, 241 Sevilla Avenue, Penthouse, Coral Gables, Florida 33134, or via, email at tbetti@freshdelmonte.com. The “Effective Date” of this
Agreement shall be the day after the expiration of the seven-day revocation period, i.e., the eighth day after the Employee’s execution of this Agreement. 

21.    Entire Agreement. This Agreement and any exhibits attached hereto constitute the entire agreement with respect to the
subject matter hereof, and supersedes all prior agreements, of the parties hereto relating to the subject matter hereof; and there are no written or oral terms or representations made by either party other than those contained herein. 

22.    Electronic Signature. This Agreement may be executed through the use of electronic signature, which each party acknowledges
is a lawful means of obtaining signatures. Each party agrees that its electronic signature is the legal equivalent of its manual signature on this Agreement. Each party further agrees that its use of a keypad, mouse or other device to select an
item, button, icon or similar act/action, regarding any agreement, acknowledgement, consent terms, disclosures or conditions constitutes its signature (hereafter referred to as “E-Signature”),
acceptance and agreement as if actually signed by such party in writing. Each party also agrees that no certification authority or other third-party verification is necessary to validate its E-Signature and
that the lack of such certification or third-party verification shall not in any way affect the enforceability of its E-Signature. 

23.    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
taken together shall constitute one and the same instrument. Delivery of an executed counterpart, by facsimile, electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and
pictorial appearance of a document, has the same effect as delivery of an executed original of this Agreement. 
 [Signature Page Follows]

  
 8 

 BY EXECUTING THIS AGREEMENT, EMPLOYEE ACKNOWLEDGES HAVING CAREFULLY READ, AND ACKNOWLEDGES KNOWING AND
UNDERSTANDING, THE TERMS AND EFFECT HEREOF. EMPLOYEE FURTHER ACKNOWLEDGES THAT EMPLOYEE HAS BEEN GIVEN THE OPPORTUNITY TO REVIEW THIS AGREEMENT WITH EMPLOYEE’S ATTORNEY. EMPLOYEE FURTHER REPRESENTS, DECLARES AND AGREES THAT EMPLOYEE VOLUNTARILY
ACCEPTS THE SEPARATION PAYMENTS FOR THE PURPOSES OF MAKING A FULL AND FINAL COMPROMISE, ADJUSTMENT AND SETTLEMENT OF ALL CLAIMS HEREINABOVE DESCRIBED. EMPLOYEE SIGNS THIS AGREEMENT OF EMPLOYEE’S OWN FREE WILL. 

 

											
	DEL MONTE FRESH PRODUCE COMPANY	  	YOUSSEF ZAKHARIA	  	
						
	By:	 	 /s/ Tarek Betti
	  	        	  	By:	  	 /s/ Youssef Zakharia
	  	
		 	Tarek Betti	  		  		  	Youssef Zakharia	  	
						
	Date:	 	January 21, 2022	  		  	Date:	  	January 21, 2022	  	

  
 9 

 EXHIBIT A 

The RSUs subject to the terms set forth in Section 1(d) of the Agreement are detailed below: 

 

																													
	 Name
	  	Number	 	  	Date	 	  	Plan/Type	 	  	Granted Share	 	  	Dividend
Shares
Unvested	 	  	Total Unvested
RSUs without
DEUs	 	  	Total Unvested
RSUs	 
	 Zakharia, Youssef
	  	 	00001706	 	  	 	02/21/2018	 	  	 	2014/RSU	 	  	 	8,000.0000	 	  	 	79.0308	 	  	 	1,600.0000	 	  	 	1,679.0308	 
	 Zakharia, Youssef
	  	 	00001800	 	  	 	02/20/2019	 	  	 	2014/RSU	 	  	 	20,000.0000	 	  	 	267.8998	 	  	 	8,000.0000	 	  	 	8,267.8998	 
	 Zakharia, Youssef
	  	 	00001926	 	  	 	03/02/2020	 	  	 	2014/RSU	 	  	 	18,599.0000	 	  	 	321.9729	 	  	 	11,160.0000	 	  	 	11,481.9729	 
	 Zakharia, Youssef
	  	 	00001994	 	  	 	03/01/2021	 	  	 	2014/RSU	 	  	 	19,813.0000	 	  	 	339.7718	 	  	 	19,813.0000	 	  	 	20,152.7718	 
		  				  				  				  				  	 	1,009	 	  	 	40,573	 	  	 	41,582	 

  
 10

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