Document:

Supplemental Indenture No. 2

 Exhibit 4.9 
  

 ALBERTSON’S LLC, 
 NEW ALBERTSON’S, INC. 
 AND 
 U.S. BANK TRUST NATIONAL ASSOCIATION, 
 Trustee 
  

 SUPPLEMENTAL INDENTURE No. 2

 Dated as of June 1, 2006 
  

 DEBT SECURITIES 
  

 Supplement to Indenture Dated as of May 1, 1992. 
  

 SUPPLEMENTAL INDENTURE No. 2, dated as of June 1, 2006 (this “Supplemental
Indenture”), among New Albertson’s, Inc., a Delaware corporation formerly known as New Aloha Corporation (“New Albertson’s”), Albertson’s LLC, a Delaware limited liability company and formerly a Delaware corporation
known as Albertson’s, Inc. (the “Company”), and U.S. BANK TRUST NATIONAL ASSOCIATION, as trustee (the “Trustee”) under the Indenture (as hereinafter referred to). 
 W I T N E S S E T H 
 WHEREAS, Albertson’s, Inc., a Delaware corporation (“Albertson’s”) and U.S. Bank Trust National Association, successor as Trustee, entered into an Indenture, dated as of May 1, 1992 (as supplemented by Supplemental
Indenture No. 1, dated as of May 7, 2004, the “Indenture”) providing for the issuance from time to time of Securities in one or more series, of which Securities were issued and a portion of which are currently Outstanding;

 WHEREAS, New Albertson’s has entered into that Purchase and Separation Agreement, dated as of January 22, 2006, by and among
Albertson’s, New Albertson’s, SUPERVALU INC., and AB Acquisition LLC, as amended (the “Separation Agreement”); 
 WHEREAS, Albertson’s has filed a Certificate of Conversion with the Secretary of State of the State of Delaware, pursuant to which it has converted from a Delaware corporation into a Delaware limited liability company (the
“Conversion”); 
 WHEREAS, as a result of the Conversion and without need for any further action, the Securities and the Indenture
became the continuing obligations of the Company; 
 WHEREAS, pursuant to the Separation Agreement the Company shall have transferred certain
of its properties and assets to New Albertson’s (such transfer, the “Separation”); 

 WHEREAS, as a condition to the Separation, Section 801(1) of the Indenture requires, among other
things, that New Albertson’s execute and deliver an indenture supplemental to the Indenture to assume the obligations of the Company under the Indenture and the Securities; 
 WHEREAS, New Albertson’s and the Company desire to enter into a supplemental indenture pursuant to the terms of Sections 801(1) and 901(1) of the
Indenture; 
 WHEREAS, New Albertson’s and the Company have requested that the Trustee execute and deliver this Supplemental Indenture
pursuant to the terms of Section 901(1) of the Indenture; and. 
 WHEREAS, pursuant to Section 901(1) of the Indenture, New
Albertson’s, the Company and the Trustee may enter into this Supplemental Indenture without the consent of any Holder; 
 NOW,
THEREFORE, for and in consideration of the premises and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, it is hereby agreed among the Company, New Albertson’s
and the Trustee, for the equal and proportionate benefit of the respective Holders from time to time of the Securities, as follows: 
 ARTICLE ONE 
 ASSUMPTION OF PAYMENT, PERFORMANCE AND OBSERVANCE 
 Section 1.01. New Albertson’s hereby expressly assumes the due and punctual payment of the principal of and any premium and interest on all the
Securities and the performance or observance of every covenant of the Indenture on the part of the Company to be performed or observed thereunder. 
  

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 ARTICLE TWO 
 REPRESENTATIONS AND WARRANTIES 
 Section 2.01. New Albertson’s represents and warrants that it
is a corporation duly organized and validly existing under the laws of the State of Delaware. 
 Section 2.02. Each of the Company and New
Albertson’s represents and warrants that the Separation constitutes the transfer of the Company’s properties and assets substantially as an entirety to New Albertson’s. 
 Section 2.03. Each of the Company and New Albertson’s represents and warrants that it has all requisite power and authority to execute, deliver and
perform its obligations hereunder, under the Indenture and under the Securities, and that the execution, delivery and performance by the Company and New Albertson’s of this Supplemental Indenture and the Indenture have been duly authorized by
all necessary corporate or other organizational action. 
 Section 2.04. Each of the Company and New Albertson’s represents and warrants
that immediately after giving effect to the Separation, and treating any indebtedness which becomes an obligation of the Company or a Subsidiary as a result of the Separation as having been incurred by the Company or such Subsidiary at the time of
the Separation, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing. 
 Section 2.05. Each of the Company and New Albertson’s represents and warrants that the Separation shall not result in the properties or assets of the Company or of New Albertson’s becoming subject to any
mortgage, pledge, lien, security interest or other encumbrance, other than mortgages, pledges, liens, security interests or other encumbrances which could be created pursuant to Section 1008 of the Indenture without equally and ratably securing
the Securities. 
  

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 Section 2.06. The Company represents and warrants that it has delivered to the trustee an Officers’
Certificate and Opinion of Counsel as required under Section 801(4) of the Indenture. 
 ARTICLE THREE 
 SUCCESSION AND SUBSTITUTION 
 Section
3.01. Upon the consummation of the Separation, Section 802 of the Indenture shall have effect to the extent set forth therein, subject to such Section. 
 ARTICLE FOUR 
 MISCELLANEOUS 
 Section 4.01. Capitalized terms used in this Supplemental Indenture that have not otherwise been defined herein shall have the meanings assigned thereto
in the Indenture. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 
 Section 4.02. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect. 
 Section 4.03. This Supplemental Indenture is supplemental to the Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read
and construed together. 
 Section 4.04. If any provision of this Supplemental Indenture limits, qualifies or conflicts with any provision of
the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of the TIA shall control. If any provision of this Supplemental Indenture
modifies or excludes any 

  

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provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded
by this Supplemental Indenture, as the case may be. 
 Section 4.05. In case any provision in this 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 and this Supplemental Indenture shall be construed as if such invalid, illegal or unenforceable
provision had never been contained herein. 
 Section 4.06. Nothing in this Supplemental Indenture or the Securities, express or implied,
shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the Holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental
Indenture or the Securities. 
 Section 4.07. All agreements of New Albertson’s in this Supplemental Indenture shall bind its successors
and assigns, whether so expressed or not. 
 Section 4.08. Any request, demand, notice or other communication to New Albertson’s in
connection with the Indenture, as supplemented, shall be sufficient for every purpose hereunder if in writing and mailed, first class postage paid, to New Albertson’s addressed as follows: 
 New Albertson’s, Inc. 
 c/o SUPERVALU
INC. 
 11840 Valley View Road 
 Eden Prairie, MN 55344 
 Attention: Treasurer 
 or to any other address hereafter furnished in writing to the Trustee by New Albertson’s for such purpose. 
  

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 Section 4.09. This Supplemental Indenture may be executed in any number of counterparts, each of which
shall be an original, but all of which shall together constitute one and the same instrument. 
 Section 4.10. This Supplemental Indenture
shall be governed by and construed in accordance with the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required
thereby. 
 Section 4.11. The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this
Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 
 Section 4.12.
The recitals and statements herein contained are made by the Company and New Albertson’s and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or
sufficiency of this Supplemental Indenture. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of
the day and year first above written. 
  

			
	ALBERTSON’S LLC
		
	By	 	/s/ Paul G. Rowan
	Name:	 	Paul G. Rowan
	Title:	 	Vice President

  

			
	NEW ALBERTSON’S, INC.
		
	By	 	/s/ Paul G. Rowan
	Name:	 	Paul G. Rowan
	Title:	 	Group Vice President

  

			
	U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee
		
	By	 	/s/ Patrick J. Crowley
	Name:	 	Patrick J. Crowley
	Title:	 	Vice President

  

 -7-First Supplement to the Purchase Contract Agreement

 Exhibit 4.10 
 FIRST SUPPLEMENT 
 TO THE 
 PURCHASE CONTRACT AGREEMENT 
 AMONG 
 ALBERTSON’S, INC., 
 NEW
ALBERTSON’S, INC. 
 AND 
 U.S. BANK TRUST NATIONAL ASSOCIATION, 
 AS PURCHASE CONTRACT AGENT 

 THIS FIRST SUPPLEMENT TO THE PURCHASE CONTRACT AGREEMENT, dated as of June 1, 2006 (this
“Supplemental Agreement”), among Albertson’s, Inc., a Delaware corporation (the “Company”), New Albertson’s, Inc., a Delaware corporation formerly known as New Aloha Corporation (“New Albertson’s”), and
U.S. Bank Trust National Association, acting as purchase contract agent for the Holders of Units from time to time (the “Agent”) pursuant to the Purchase Contract Agreement (as hereafter referred to). 
 WHEREAS, the Company and the Agent executed and delivered a Purchase Contract Agreement, dated as of May 7, 2004 (the “Purchase Contract
Agreement”), to provide for the execution and delivery of the Purchase Contracts and Certificates related to the Corporate Units and the Treasury Units (collectively, the “Units”); 
 WHEREAS, the Company and New Albertson’s are parties to that Agreement and Plan of Merger, dated as of January 22, 2006, by and between
SUPERVALU INC., Emerald Acquisition Sub, Inc., the Company, New Albertson’s, and New Diamond Sub, Inc. (the “Merger Agreement”); 
 WHEREAS, pursuant to the terms of the Merger Agreement, New Diamond Sub, Inc., a wholly-owned subsidiary of New Albertson’s, shall merge with and into the Company with the Company being the surviving corporation (the “Diamond
Merger”); 
 WHEREAS, the Merger Agreement provides that, at the effective time of the Diamond Merger (the “Initial Effective
Time”), each share of Common Stock (or fraction of a share) of the Company issued and outstanding immediately prior to the Initial Effective Time (except for shares cancelled pursuant to Section 3.1(b) of the Merger Agreement and
Dissenting Shares (as defined in the Merger Agreement)) will be converted into, and will be cancelled in exchange for, the right to receive one share of common stock (or an equal fraction of a share, if applicable) of New Albertson’s, par value
$0.01 per share (“New Albertson’s Common Stock”); 
 WHEREAS, Section 9.01 of the Purchase Contract Agreement permits the
Company to merge with another corporation provided certain terms and conditions are satisfied; 
 WHEREAS, the Diamond Merger results in the
occurrence of a Reorganization Event; 
 WHEREAS, Section 5.04(b)(i) of the Purchase Contract Agreement provides that in the event of a
Reorganization Event the Person formed thereby shall execute and deliver to the Agent an agreement supplemental to the Purchase Contract Agreement providing that each Holder of each Outstanding Unit shall have the rights provided by
Section 5.04(b)(i) of the Purchase Contract Agreement and for adjustments for subsequent events that are as nearly equivalent as may be practicable to the adjustments provided for in Section 5.04(b)(i) of the Purchase Contract Agreement;

 WHEREAS, Section 8.01 of the Purchase Contract Agreement authorizes the Company and the Agent to enter into a supplemental agreement
without the consent of any Holders to, among other things, make provision with respect to the rights of Holders pursuant to the requirements of Section 5.04(b) of the Purchase Contract Agreement; 

 WHEREAS, the Company and New Albertson’s have requested that the Agent execute and deliver this
Supplemental Agreement; and 
 NOW THEREFORE, in consideration of their mutual promises, New Albertson’s and the Company covenant and
agree with the Agent as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Definition of Terms. Unless the context otherwise requires: 
 (a) a term defined in the Purchase Contract Agreement has the same meaning when used in this Supplemental Agreement; 
 (b) a term defined anywhere in this Supplemental Agreement has the same meaning throughout; 
 (c) the singular includes the plural and vice versa; and 
 (d) headings are for convenience of reference only and do not affect interpretation. 
 ARTICLE II 

CONCERNING THE DIAMOND MERGER 
 Section
2.1 New Albertson’s as Issuer of Common Stock upon Settlement. 
 (a) From and after the Initial Effective Time, the Company
shall cause New Albertson’s to issue and deliver, and New Albertson’s agrees to so issue and deliver, the number of shares of New Albertson’s Common Stock which is sufficient to settle the Purchase Contracts as provided in Article III
of this Supplemental Agreement, against payment in full of the Purchase Price in the manner set forth in the Purchase Contract Agreement and Section 2.1(b) hereof. 
 (b) The Company hereby agrees that it will immediately forward to New Albertson’s all funds received by it under Sections 5.02, 5.04(b)(ii), 5.07 or otherwise under the Purchase Contract Agreement for payment of
the Purchase Price upon settlement of each Purchase Contract for the shares of New Albertson’s Common Stock to be so issued. 
 (c)
Subject to the other provisions of this Supplemental Agreement, from and after the Initial Effective Time, references to the Common Stock shall relate to New Albertson’s Common Stock by operation of Section 5.04(b)(i) of the Purchase
Contract Agreement, except to the extent that such reference is a reference to the Common Stock as of a time preceding the Initial Effective Time. 

 (d) Subject to the other provisions of this Supplemental Agreement, from and after the Initial Effective
Time, any reference in the Purchase Contract Agreement to the “Company” shall be deemed to be a reference to New Albertson’s, and all covenants of the Company shall be deemed to be covenants of New Albertson’s, in each case to
the extent necessary to give effect to Section 5.04(b) of the Purchase Contract Agreement and this Supplemental Agreement; 
 Section
2.2 Acceptance by Agent. The Agent accepts this Supplemental Agreement and agrees to execute its duties and responsibilities as hereby supplemented upon the terms and conditions set forth in the Purchase Contract Agreement, including without
limitation the terms and provisions defining and limiting the liabilities and responsibilities of the Agent, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of its duties
created by the Purchase Contract Agreement as hereby supplemented; and without limiting the generality of the foregoing, the Company affirms its rights and responsibilities with respect to the Agent under Section 7.07(c) of the Purchase
Contract Agreement. 
 ARTICLE III 
 CONCERNING SETTLEMENT 
 Section 3.1 Purchase Contract Settlement. The Company and New Albertson’s understand and agree
that, pursuant to Section 5.04(b)(i) of the Purchase Contract Agreement, the Diamond Merger constitutes a Reorganization Event as a result of which as of the Initial Effective Time the Settlement Rate was adjusted such that each Holder of Units
will receive: 
 (i) on the Purchase Contract Settlement Date with respect to each Purchase Contract forming a part thereof
the number of shares of New Albertson’s Common Stock (without any interest thereon, and without any right to dividends or distribution thereon which have a record date that is prior to the Purchase Contract Settlement Date) equal to the number
of shares of the Company’s Common Stock that would have been issuable on account of each Purchase Contract on the Purchase Contract Settlement Date if (A) the Diamond Merger had not occurred and this Supplemental Agreement not been entered
into and (B) the New Albertson’s Common Stock were deemed to be the Company’s Common Stock for the purposes of all references in the Purchase Contract Agreement to the Company’s Common Stock (including, for the avoidance of
doubt, in the computation of Adjusted Applicable Market Value) pertaining to a time after the Initial Effective Time, 
 (ii)
on any Cash Merger Early Settlement Date with respect to any Cash Merger (such terms’ definitions as modified pursuant to Section 3.1(c)), the kind and amount of cash, securities and other property equal to the kind and amount of cash,
securities and other property that would have been issuable on account of each Purchase Contract on such Cash Merger Early Settlement Date if (A) the Diamond Merger had not occurred and this Supplemental Agreement not been entered into,
(B) the merger or consolidation of New Albertson’s constituting such Cash Merger were deemed to be a merger or consolidation of the Company, (C) the kind and amount of securities, cash and 

 
other property receivable upon such Cash Merger by holders of New Albertson’s Common Stock were deemed to be the kind and amount of securities, cash and
other property receivable upon such Cash Merger by holders of the Company’s Common Stock, and (D) the New Albertson’s Common Stock were deemed to be the Company’s Common Stock for the purposes of all references in the Purchase
Contract Agreement to the Company’s Common Stock (including, for the avoidance of doubt, in the computation of Adjusted Applicable Market Value) pertaining to a time after the Initial Effective Time, or 
 (iii) on any Early Settlement Date with respect to each Purchase Contract forming a part thereof the number of shares of New
Albertson’s Common Stock (without any interest thereon, and without any right to dividends or distribution thereon which have a record date that is prior to the Early Settlement Date) equal to the number of shares of the Company’s Common
Stock that would have been issuable on account of each Purchase Contract if (A) the Diamond Merger had not occurred and this Supplemental Agreement not been entered into and (B) the New Albertson’s Common Stock were deemed to be the
Company’s Common Stock for the purposes of all references in the Purchase Contract Agreement to the Company’s Common Stock (including, for the avoidance of doubt, in the computation of Adjusted Applicable Market Value) pertaining to a time
after the Initial Effective Time, 
 subject in the case of each clause (i), (ii) and (iii) to any further adjustments in the Settlement Rate under
Article V of the Purchase Contract Agreement prior to settlement, deeming all references to the Company’s Common Stock pertaining to a time after the Initial Effective Time to be references to the New Albertson’s Common Stock, and deeming
all references to the Company pertaining to a time after the Initial Effective Time to be references to New Albertson’s. The Company shall, within 10 Business Days following the Diamond Merger, (a) deliver to the Agent an Officers’
Certificate pursuant to Section 5.05(a)(i) of the Purchase Contract Agreement, which shall set forth the method of calculation of the Settlement Rate as of the Initial Effective Time, as adjusted for the Diamond Merger, and (b) provide a
written notice to the Holders of the Units, pursuant to Section 5.05(a)(ii) of the Purchase Contract Agreement. 
 Section 3.2 Rights
of Holders. Each Holder of an Outstanding Unit shall have the rights provided by Section 5.04(b)(i) of the Purchase Contract Agreement. 
 Section 3.3 Further Adjustments. In accordance with the last paragraph of Section 5.04(b)(i) of the Purchase Contract Agreement, the Settlement Rate shall be adjusted for events subsequent to the Initial Effective Time, in a
manner that is as nearly equivalent as may be practicable to the adjustments provided for in Section 5.04 of the Purchase Contract Agreement, as if New Albertson’s were the original “Company” and New Albertson’s Common Stock
were the original “Common Stock” under the provisions of Section 5.04 of the Purchase Contract Agreement. 

 ARTICLE IV 
 MISCELLANEOUS 
 Section 4.1 Ratification of Purchase Contract Agreement. The Purchase Contract
Agreement, as supplemented by this Supplemental Agreement, is in all respects ratified and confirmed, and this Supplemental Agreement shall be deemed part of the Purchase Contract Agreement in the manner and to the extent herein and therein
provided. 
 Section 4.2 Effectiveness. This Supplemental Agreement shall become a legally effective and binding instrument upon the
execution and delivery hereof by all parties hereto. 
 Section 4.3 Purchase Contract Agreement. Except as supplemented hereby, all
provisions in the Purchase Contract Agreement shall remain in full force and effect. 
 Section 4.4 Third Party Rights. Nothing in
this Supplemental Agreement or the Units, express or implied, shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the Holders of the Units, any benefit of any legal or equitable
right, remedy or claim under the Purchase Contract Agreement, this Supplemental Agreement or the Units. 
 Section 4.5 Successors. All
agreements of the Company and New Albertson’s in this Supplemental Agreement shall bind their respective successors and assigns, whether so expressed or not. 
 Section 4.6 Recitals. The recitals and statements herein contained are made by the Company and New Albertson’s and not by the Agent, and the Agent assumes no responsibility for the correctness thereof. The
Agent makes no representations as to the validity or sufficiency of this Supplemental Agreement. 
 Section 4.7 Units Deemed
Conformed. As of the Initial Effective Time, the provisions of each Unit then outstanding shall be deemed to be conformed, without the necessity for any reissuance or exchange of such Unit or any other action on the part of the Holders, New
Albertson’s, the Company or Agent, so as to reflect this Supplemental Agreement. 
 Section 4.8 Governing Law. This Supplemental
Agreement and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the laws of the State of New York. 
 Section 4.9 Separability. If any one or more of the provisions contained in this Supplemental Agreement or in the Units shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Agreement or of the Units, but this Supplemental Agreement and the Units shall be construed as if such invalid or illegal or unenforceable
provision had never been contained herein or therein. 

 Section 4.10 Counterparts. This Supplemental Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument. 
 [SIGNATURE PAGES FOLLOW] 

 IN WITNESS WHEREOF, this First Supplement to the Purchase Contract Agreement is executed as of the date
first set forth above. 
  

			
	 ALBERTSON’S, INC.

		
	 By:
	 	 /s/ Paul G. Rowan

		 	 Name: Paul G. Rowan

		 	 Title:   Group Vice President

	
	 NEW ALBERTSON’S, INC.

		
	 By:
	 	 /s/ Paul G. Rowan

		 	 Name: Paul G. Rowan

		 	 Title:   Group Vice President

	
	 U.S. BANK TRUST NATIONAL ASSOCIATION, as Purchase Contract Agent

		
	 By:
	 	 /s/ Patrick J. Crowley

		 	 Name: Patrick J. Crowley

		 	 Title:   Vice President

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