Exhibit 10.65

AMENDMENT TO STOCK OPTION AND STOCK APPRECIATION RIGHT

AWARD AGREEMENTS BETWEEN SMART & FINAL INC.

AND ANDRE DELOLMO

This will serve as an amendment to those certain stock option and stock
appreciation award agreements identified herein (“the equity awards”) between
Smart & Final Inc. (“the Company”) and Mr. Andre Delolmo (“Delolmo”)

 

  1. The Company has awarded, through the Compensation Committee of its Board of
Directors, certain equity awards to Delolmo as part of his compensation for
service as an executive of the Company. Those equity awards are governed by the
Company’s Long-Term Equity Compensation Plan (“the Plan”). The equity awards are
identified herein as follows:

 

Grant

Number

 

Grant

Date

  Type   # of
Shares   Grant
Price   Vested   Unvested   Exercisable 1624   9/27/2001   Options   20,000  
10.132   20,000   —     20,000 1952   12/4/2002   Options   50,000   5.490  
33,334   16,666   33,334 1964   2/19/2003   Options   60,000   4.280   40,000  
20,000   40,000 2071   9/16/2003   Options   40,000   6.500   26,667   13,333  
26,667 2114   2/17/2004   Options   30,000   12.890   30,000   —     30,000 2190
  2/15/2005   Options   15,000   15.200   15,000   —     15,000 2418   2/21/2006
  SARs   15,000   14.390   —     15,000   —                         TOTALS      
230,000     165,001   64,999   165,001                      

 

  2. Mr. Delolmo has resigned his position with the Company effective
October 31, 2006. Under the terms of the equity awards and/or the Plan, those
grants would expire or need to be exercised within 90 days of his separation
from the Company.

 

  3. In recognition of his years of service, the Compensation Committee of the
Board in its meeting of September 20, 2006 amended the terms of Delolmo’s equity
awards, effective upon his resignation, as follows:

 

Option

Number

  Option
Date   Type  

# of

Shares

 

Vested as

of 10/30/06

  Shares vested
on 10/31/06*  

Exercisable

as of 10/31/06

 

Last Day

to Exercise**

1624   9/27/2001   Options   20,000   20,000   —     20,000   10/31/2007 1952  
12/4/2002   Options   50,000   33,334   16,666   50,000   10/31/2007 1964  
2/19/2003   Options   60,000   40,000   20,000   60,000   10/31/2007 2071  
9/16/2003   Options   40,000   26,667   13,333   40,000   10/31/2007 2114  
2/17/2004   Options   30,000   30,000   —     30,000   10/31/2007 2190  
2/15/2005   Options   15,000   15,000   —     15,000   10/31/2007 2418  
2/21/2006   SARs   15,000   —     15,000   15,000   10/31/2007                  
    TOTALS       230,000   165,001   64,999   230,000                        

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* Unvested shares at time of termination were vested

** Shares exercisable for one year after termination

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  4. This Amendment will serve to amend and modify the equity awards as set
forth herein. Nothing contained herein shall amend or otherwise modify the
equity grants or the Plan except as set forth herein.

 

/s/ Jeff D. Whynot

Smart & Final Inc.

 

/s/ Andre Delolmo

Andre Delolmo