Exhibit 10.13
First Amendment of Management Agreement
This First Amendment of Management Agreement, effective June 30, 2010, modifies the Management Agreement dated June 29, 2010 among Goldman, Sachs & Co., THL Managers V, LLC, and MFI Holding Corporation.
1. Michael Foods, Inc. hereby takes the place of MFI Holding Corporation as a party to the Management Agreement. All references to “Company” in the Management Agreement shall refer to Michael Foods, Inc.
2. Paragraph 9 of the Management Agreement (Notices) is hereby amended as to notices to the Company:
To the Company: | Michael Foods, Inc. | |||
301 Carlson Parkway – Suite 400 | ||||
Minnetonka, MN 55305 | ||||
Facsimile: | (952) 258-4911 | |||
Attention: | James E. Dwyer, Jr. | |||
Mark Westphal | ||||
With a copy to: | General Counsel’s Office | |||
Michael Foods, Inc. | ||||
301 Carlson Parkway – Suite 400 | ||||
Minnetonka, MN 55305 | ||||
Facsimile: | (952) 258-4208 | |||
Attention: | Carolyn V. Wolski |
MFI HOLDING CORPORATION | MICHAEL FOODS, INC. | |||||||
By: | /s/ James E. Dwyer, Jr. | By: | /s/ James E. Dwyer, Jr. | |||||
James E. Dwyer, Jr. | James E. Dwyer, Jr. | |||||||
Chief Executive Officer & President | Chief Executive Officer & President |
ACCEPTED AND AGREED BY:
GOLDMAN, SACHS & CO. | THL MANAGERS V, LLC | |||||||
By: | Thomas H. Lee Partners, L.P., its Managing Member | |||||||
By: | THL Equity Advisors V, L.P., its General Partner | |||||||
By: | /s/ Goldman, Sachs & Co. | By: | /s/ Kent R. Weldon | |||||
Adrian Jones | Kent R. Weldon | |||||||
Managing Director | Managing Director |