Document:

Exhibit 4.23

SUPPLEMENT NO. 1 TO

THE GUARANTEE (TERM CREDIT)

SUPPLEMENT NO. 1 dated as of September 11, 2007, to
the GUARANTEE (the “Guarantee”) dated as of July 6, 2007, among each of the
Guarantors listed on the signature pages thereto (each such subsidiary
individually, a “Guarantor” and, collectively, the “Guarantors”),
and Citicorp North America Inc., as Collateral Agent for the Lenders from time
to time parties to the Credit Agreement referred to below.

A.            Reference is made to that certain Credit Agreement, dated
as of the date hereof, (as the same may be amended, restated, supplemented or
otherwise modified, refinanced or replaced from time to time, the “Credit
Agreement”) among Dollar General Corporation, a Tennessee corporation (the
“Borrower”), the lenders or other financial institutions or entities
from time to time party thereto (the “Lenders”), Goldman Sachs Credit
Partners L.P., as Syndication Agent, Lehman Brothers Inc. and Wachovia Capital
Markets, LLC, as Documentation Agents, and Citicorp North America, Inc., as
Administrative Agent and Collateral Agent.

B.            Capitalized terms used herein and not otherwise defined
herein shall have the meanings assigned to such terms in the Guarantee.

C.            The Guarantors have entered into the Guarantee in order to
induce the Administrative Agent, the Collateral Agent and the Lenders to enter
into the Credit Agreement and to induce the Lenders to make their respective
Loans to the Borrower under the Credit Agreement and to induce one or more
Hedge Banks to enter into Secured Hedge Agreements with the Borrower and/or its
Restricted Subsidiaries.

D.            Section 9.11 of the Credit Agreement and Section 19 of
the Guarantee provide that additional Subsidiaries may become Guarantors under
the Guarantee by execution and delivery of an instrument in the form of this
Supplement.  Each undersigned Subsidiary
(each a “New Guarantor”) is executing this Supplement in accordance with
the requirements of the Credit Agreement to become a Guarantor under the
Guarantee in order to induce the Lenders to make additional Loans, to induce
one or more Hedge Banks to enter into Secured Hedge Agreements and as
consideration for Loans previously made.

Accordingly, the Collateral Agent and each New
Guarantor agrees as follows:

SECTION 1.  In accordance with Section 19 of the
Guarantee, each New Guarantor by its signature below becomes a Guarantor under
the Guarantee with the same force and effect as if originally named therein as
a Guarantor, and each New Guarantor hereby (a) agrees to all the terms and
provisions of the Guarantee applicable to it as a Guarantor thereunder and (b)
represents and warrants that the representations and warranties made by it as a
Guarantor thereunder are true and correct on and as of the date hereof (except
where such representations and warranties expressly relate to an earlier date,
in which case such representations and warranties were true and correct in all
material respects as of such earlier date). 
Each reference to a Guarantor in the Guarantee shall be deemed to include
each New Guarantor.  The Guarantee is
hereby incorporated herein by reference.

 

SECTION 2.  Each New Guarantor represents and warrants to
the Collateral Agent and the other Secured Parties that this Supplement has
been duly authorized, executed and delivered by it and constitutes its legal,
valid and binding obligation, enforceable against it in accordance with its
terms.

SECTION 3.  This Supplement may be executed by one or
more of the parties to this Supplement on any number of separate counterparts
(including by facsimile or other electronic transmission), and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.  A set of the copies of this
Supplement signed by all the parties shall be lodged with the Borrower and the
Collateral Agent.  This Supplement shall
become effective as to each New Guarantor when the Collateral Agent shall have
received counterparts of this Supplement that, when taken together, bear the signatures
of such New Guarantor and the Collateral Agent.

SECTION 4.  Except as expressly supplemented hereby, the
Guarantee shall remain in full force and effect.

SECTION
5.  THIS SUPPLEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SECTION 6.  Any provision of this Supplement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof and of the Guarantee, and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.  The parties hereto shall endeavor in
good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions the economic effect of which comes as close as
possible to that of the invalid, illegal or unenforceable provisions.

SECTION 7.  All notices, requests and demands pursuant
hereto shall be made in accordance with Section 13.2 of the Credit
Agreement.  All communications and
notices hereunder to each New Guarantor shall be given to it in care of the Borrower
at the Borrower’s address set forth in Section 13.2 of the Credit Agreement.

 

 

2

IN WITNESS WHEREOF, each New Guarantor and the
Collateral Agent have duly executed this Supplement to the Guarantee as of the
day and year first above written.

	
   

  	
  DC FINANCIAL, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Dollar
  General Corporation, Sole Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Wade Smith

  
	
   

  	
   

  	
   

  	
  Wade
  Smith, Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CITICORP
  NORTH AMERICA, INC.,

  
	
   

  	
  as
  Collateral Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Thomas M. Halsch

  
	
   

  	
   

  	
  Name:
  

  	
  Thomas
  M. Halsch

  
	
   

  	
   

  	
  Title:
  

  	
  Vice
  President

  
					

 

 

3EXHIBIT 4.25

 

SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT (TERM CREDIT)

 

SUPPLEMENT
NO. 1 dated as of September 11, 2007, to the Security Agreement dated as
of July 6, 2007 (the “Security Agreement”) among Dollar General
Corporation, a Tennessee corporation (the “Borrower”), each subsidiary
of the Borrower listed on Annex A thereto (each such subsidiary individually a “Subsidiary
Grantor” and, collectively, the “Subsidiary Grantors”; the
Subsidiary Grantors and the Borrower are referred to collectively herein as the
“Grantors”), and Citicorp North America, Inc., as collateral agent
(in such capacity, the “Collateral Agent”) under the Credit Agreement
referred to below.

A.            Reference is made to
that certain Credit Agreement, dated as of July 6, 2007 (as the same may
be amended, restated, supplemented or otherwise modified, refinanced or
replaced from time to time, the “Credit Agreement”) among the Borrower,
the lenders or other financial institutions or entities from time to time party
thereto (the “Lenders”), Citicorp North America, Inc., as
Administrative Agent and Collateral Agent.

B.            Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned
to such terms in the Security Agreement.

C.            The Grantors have
entered into the Security Agreement in order to induce the Administrative
Agent, the Collateral Agent and the Lenders to enter into the Credit Agreement
and to induce the Lenders to make the Loans to the Borrower under the Credit
Agreement and to induce one or more Hedge Banks to enter into Secured Hedge
Agreements with the Borrower and/or its Subsidiaries.

D.            Section 9.11 of
the Credit Agreement and Section 8.13 of the Security Agreement provide
that each Subsidiary of the Borrower that is required to become a party to the
Security Agreement pursuant to Section 9.11 of the Credit Agreement shall
become a Grantor, with the same force and effect as if originally named as a
Grantor therein, for all purposes of the Security Agreement upon execution and
delivery by such Subsidiary of an instrument in the form of this
Supplement.  Each undersigned Subsidiary
(each a “New Grantor”) is executing this Supplement in accordance with
the requirements of the Security Agreement to become a Subsidiary Grantor under
the Security Agreement in order to induce the Lenders to make additional Loans
and as consideration for Loans previously made.

Accordingly,
the Collateral Agent and the New Grantors agree as follows:

SECTION 1.  In accordance with Section 8.13 of the
Security Agreement, each New Grantor by its signature below becomes a Grantor
under the Security Agreement with the same force and effect as if originally
named therein as a Grantor and each New Grantor hereby (a) agrees to all
the terms and provisions of the Security Agreement applicable to it as a
Grantor thereunder and (b) represents and warrants that the
representations and warranties made by it as a Grantor thereunder are true and
correct on and as of the date hereof.  In
furtherance of the foregoing, each New Grantor, as security for the payment and
performance in full of the Obligations, does hereby bargain, sell, convey,
assign, set over, mortgage, pledge, hypothecate and transfer to the Collateral
Agent for the benefit of the Secured Parties, and hereby grants to 

 

 

 

the Collateral Agent for the
benefit of the Secured Parties, a security interest in all of the Collateral of
such New Grantor, in each case whether now or hereafter existing or in which it
now has or hereafter acquires an interest. 
Each reference to a “Grantor” in the Security Agreement shall be deemed
to include each New Grantor.  The
Security Agreement is hereby incorporated herein by reference.

SECTION 2.  Each New Grantor represents and warrants to
the Collateral Agent and the other Secured Parties that this Supplement has
been duly authorized, executed and delivered by it and constitutes its legal,
valid and binding obligation, enforceable against it in accordance with its
terms, subject to the effects of bankruptcy, insolvency or similar laws
affecting creditors’ rights generally and general equitable principles.

SECTION 3.  This Supplement may be executed by one or
more of the parties to this Supplement on any number of separate counterparts
(including by facsimile or other electronic transmission), and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.  A set of the copies of this
Supplement signed by all the parties shall be lodged with the Collateral Agent
and the Borrower.  This Supplement shall
become effective as to each New Grantor when the Collateral Agent shall have received
counterparts of this Supplement that, when taken together, bear the signatures
of such New Grantor and the Collateral Agent.

SECTION 4.  Such New Grantor hereby represents and
warrants that (a) set forth on Schedule I hereto is (i) the legal
name of such New Grantor, (ii) the jurisdiction of incorporation or
organization of such New Grantor, (iii) the identity or type of
organization or corporate structure of such New Grantor and (iv) the
Federal Taxpayer Identification Number and organizational number of such New
Grantor and (b) as of the date hereof (i) Schedule II hereto sets
forth, in all material respects, all of each New Grantor’s material Copyright
Licenses, (ii) Schedule III hereto sets forth in all material respects, in
proper form for filing with the United States Copyright Office, all of each New
Grantor’s Copyrights (and all applications therefor), (iii) Schedule IV
hereto sets forth in all material respects all of each New Grantor’s material
Patent Licenses, (iv) Schedule V hereto sets forth in all material
respects, in proper form for filing with the United States Patent and Trademark
Office, all of each New Grantor’s Patents (and all applications therefor), (v) Schedule
VI hereto sets forth in all material respects all of each New Grantor’s
material Trademark Licenses and (vi) Schedule VII hereto sets forth in all
material respects, in proper form for filing with the United States Patent and
Trademark Office, all of each New Grantor’s Trademarks (and all applications
therefor).

SECTION 5.  Except as expressly supplemented hereby, the
Security Agreement shall remain in full force and effect.

SECTION 6.  THIS SUPPLEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 7.  Any provision of this Supplement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such 

 

2

 

prohibition or unenforceability
without invalidating the remaining provisions hereof and in the Security
Agreement, and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other
jurisdiction.  The parties hereto shall
endeavor in good faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the invalid, illegal or unenforceable
provisions.

SECTION 8.  All notices, requests and demands pursuant
hereto shall be made in accordance with Section 13.2 of the Credit
Agreement.  All communications and
notices hereunder to each New Grantor shall be given to it in care of the
Borrower at the Borrower’s address set forth in Section 13.2 of the Credit
Agreement.

 

3

 

IN
WITNESS WHEREOF, each New Grantor and the Collateral Agent have duly executed
this Supplement to the Security Agreement as of the day and year first above
written.

 

	
   

  	
  DC FINANCIAL, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Dollar General
  Corporation, Sole Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Wade Smith

  
	
   

  	
   

  	
   

  	
  Wade Smith, Treasurer

  
	
   

  
	
   

  
	
   

  	
  CITICORP NORTH AMERICA,
  INC.,

  
	
   

  	
  as Collateral Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas M. Halsch

  
	
   

  	
   

  	
  Name:

  	
  Thomas M. Halsch

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
					

 

 

 

SCHEDULE
I

TO SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT

 

COLLATERAL

 

	
  Legal Name

  	
   

  	
  Jurisdiction of 

  Incorporation or

  Organization

  	
   

  	
  Type of 

  Organization or 

  Corporate 

  Structure

  	
   

  	
  Federal Taxpayer

  Identification Number and

  Organizational

  Identification Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  DC Financial, LLC

  	
   

  	
  Tennessee

  	
   

  	
  Member-Managed Limited

  	
   

  	
  N/A (Disregarded Entity
  for

  
	
   

  	
   

  	
   

  	
   

  	
  Liability Company

  	
   

  	
  Tax Purposes /
  Single-Member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  LLC)

  

 

 

 

 

SCHEDULE
II

TO SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT

 

MATERIAL COPYRIGHT LICENSES

 

NONE

 

 

 

 

SCHEDULE
III

TO SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT

COPYRIGHTS

 

	
  Registered 

  Owner/Grantor

  	
   

  	
  

  Title

  	
   

  	
  Registration 

  Number

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NONE

  	
   

  	
   

  

 

 

 

 

 

 

SCHEDULE IV

TO SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT

 

MATERIAL PATENT LICENSES

 

NONE

 

 

 

 

SCHEDULE V

TO SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT

 

PATENTS

NONE

 

 

 

 

SCHEDULE VI

TO SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT

 

MATERIAL TRADEMARK LICENSES

 

NONE

 

 

 

 

SCHEDULE VII

TO SUPPLEMENT NO. 1 TO THE

SECURITY AGREEMENT

 

TRADEMARKS

 

Domestic Trademarks

 

	
  Registered 

  Owner/Grantor

  	
   

  	
  

  Trademark

  	
   

  	
  

  Registration No.

  	
   

  	
  

  Application No.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NONE

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

Foreign Trademarks

 

	
  Registered Owner/Grantor

  	
   

  	
  

  Trademark

  	
   

  	
  

  Registration No.

  	
   

  	
  

  Application No.

  	
   

  	
  

  Country

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  NONE

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