Document:

Loan Agreement

                          (1)  Laffitte Partners LLC

                          (2) Tiger Telematics Inc

                          Dated 31, January 2006

                          Osborne Clarke

                          Apex Plaza
                          Forbury Road
                          Reading
                          RGI IAX
                          Telephone +44(0)118 925 2000
                          Fax       +44(0)118 925 2005

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This Agreement is made on 31 January 2006

Between:

(1) Laffitte Partners LLC of 9 East Loockerman Street, Suite 1B, Dover, Delaware
USA 19901 (the "Lender") and

(2) Tiger Telematics Inc. of 550 Water Street, Suite 937, Jacksonville, Florida
32202 (the "Borrower").

Background:

The parties wish to enter into this Agreement to record the terms upon which
the Lender is to lend to the Borrower the sum of up to US$5,000,000.

It is agreed as follows:

1.       Definitions and interpretation

1.1      In this Agreement, unless the context otherwise requires, the following
         definitions shall apply:

         "Accounts Receivable" means all receivables of the Borrower or its
         subsidiaries from time to time;

         "Advance" means each advance made or to be made to the Borrower under
         the Facility, as the case may be, the outstanding principal amount of
         that advance;

         "Agreement" means this Agreement (including any schedule or annexure to
         it and any document in agreed form);

         "Facility" means an on demand loan facility of up to US$5,000,000;

         "Default" means a breach of clause 8 of this Agreement.

         "Drawdown Date" means the date on which an Advance is made, or is
         proposed to be made;

         "Drawdown Notice" means a notice substantially in the form set out in
         schedule1;

         "Encumbrance" means any mortgage, charge, assignment by way of
         security, pledge, hypothecation, lien, right of set-off, retention of
         title provision, trust or flawed asset arrangement (for the purpose of,
         or which has the effect of, granting security) or any other security
         interest of any kind whatsoever, or any agreement, whether conditional
         or otherwise, to create any of the same;

         "Indebtedness" means in relation to a person, its obligation (whether
         present or future, actual or contingent, as principal or surety) for
         the payment or repayment of money (whether in respect of interest,
         principal or otherwise) incurred in respect of:

         (a)      moneys borrowed or raised;

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         (c)      any acceptance credit, bill discounting, note purchase,
                  factoring or documentary credit facility;

         (d)      the supply of any goods or services which is more than 60 days
                  past the expiry of the period customarily allowed by the
                  relative supplier after the due date;

         (e)      any finance lease;

         (f)      any guarantee, bond, stand-by letter of credit or other
                  similar instrument issued in connection with the performance
                  of contracts;

         (g)      any interest rate or currency swap agreement or any other
                  hedging or derivatives instrument or agreement;

         (h)      any arrangement pursuant to which any asset sold or otherwise
                  disposed of by that person is or may be leased to or
                  re-acquired by a Group Company ( whether following the
                  exercise of an option or otherwise); or

         (i)      any guarantee, indemnity or similar insurance against
                  financial loss given in respect of the obligation of any
                  person;

         "Loan" means the principal amount of up to US$5,000,000 as reduced from
         time to time by repayment;

         "Loan Commitment Period" means the period from and including the date
         of this Agreement to the date falling 90 days after the date on which
         completion takes place;

         "Loan Limit" means the lower of US$5,000,000 or an amount not exceeding
         80% of the book value of the Stock/Inventory (as determined by the
         management accounts/agreement schedule);

         "Stock/Inventory" means all stock, parts and accessories of the
         Borrower and its subsidiaries at all locations of the Borrower plus
         Scotland and China at the Flextronics factory;

         "USS" of "US Dollars" means the lawful currency of the United States of
         America;

         "Warrant" means the right to buy common stock of $0.001 each in the
         Borrower on a dollar for dollar basis with respect to the total value
         of all Advances made under this Agreement, such right having an
         exercise period of 3 years from the Drawdown Date of the first Advance
         made under this Agreement and an exercise price of $0.30.

1.2      In this Agreement, unless the context otherwise requires:

         (a)      words in the singular include the plural and vice versa and
                  words in one gender include any other gender;

         (b)      "subsidiaries" shall have the meaning given to it in Section
                  736 of the Companies Act 1985; and

         (c)      the table of contents and headings are for convenience only
                  and shall not affect the interpretation of this Agreement.

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2.       Purpose

         To  enable  the   Borrower  to  meet  it's  general   working   capital
         requirements.

3.       Loan

3.1      The Lender shall make the Loan and the  Borrower  shall borrow from the
         Lender the Loan upon completion of this Agreement.

3.2      The Lender at the Borrower's request may agree to increase the amount
         of the Loan from time to time in which case this Agreement shall be
         deemed to have been amended from the date any additional sum is
         advanced by the Lender so that the expression "the Loan" includes any
         additional advances from time to time outstanding.

4.       Drawdown of Loan

4.1      Drawdown of Loan

         (a)      Subject to the other terms of this  Agreement,  the Loan shall
                  be drawn down in one or more  Advances  at any time during the
                  Loan Commitment Period when requested by the Borrower by means
                  of a Drawdown  Notice in accordance  with  sub-clause  4.3. At
                  close of  business  on the  last  day of the  Loan  Commitment
                  Period any part of the Loan not drawn  down will be  cancelled
                  and the Loan Limit shall be reduced accordingly.

         (b)      The following limitations apply to Advances:

                  (i)      the Drawdown  Date of an Advance  shall be a Business
                           Day during the Loan Commitment Period;

                  (ii)     each  Advance  shall  be  of  a  minimum   amount  of
                           US$350,000 and a multiple of $50,000; and

                  (iii)    no  Advance  shall  be  made  if the  making  of that
                           Advance  would result in the Loan  exceeding the Loan
                           Limit.

4.2      Conditions to each Advance

         The  obligation of the Lender to make available each Advance is subject
         to the  conditions  that on the date on  which  the  relevant  Drawdown
         Notice  is given  and on the  relevant  Drawdown  Date no  Default  has
         occurred and is continuing or would occur on the making of the Advance.

4.3      Drawdown Notice

         (a)      Whenever the Borrower wishes to draw down an Advance, it shall
                  give a duly  completed  Drawdown  Notice  to the  Lender to be
                  received  not later than 11.00 am on the second  Business  Day
                  before that Drawdown Date.

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         (b)      A Drawdown  Notice shall be irrevocable  and the Company shall
                  be obliged to borrow in accordance with its terms.

4.4      Advances

Subject to the terms of this Agreement, the Lender shall make available to the
Borrower on the Drawdown Date and amount equal to that Advance.

5.       Interest

5.1      The Borrower shall pay to the Lender interest on the Loan at 5.5% per
         annum above the base lending rate for the time being of National
         Westminister Bank Plc. Interest shall accrue from day to day and shall
         be payable monthly in arrears.

5.2      If the Borrower fails to pay any sum due under this Agreement on its
         due date, the Borrower shall on the written demand of the Lender pay to
         the Lender interest on such sum at 24% per annum, from the due date to
         the date of actual payment (after as well as before judgement).

5.3      If the Borrower is required by law or any applicable tax rules or
         regulations to make any deduction or withholding from a payment of
         interest under this Agreement, the Borrower shall:

         (a)      pay the  full  amount  required  to be  paid  to the  relevant
                  taxation or other authority; and

         (b)      furnish  to the  lender  within  30 days of  such  payment  an
                  official  receipt from such authority for all amounts deducted
                  or withheld; and

         pay to the Lender an additional  amount so that the Lender  receives on
         the due date the full amount it would have received had no deduction or
         withholding been made.

6.       Warrant

In consideration of the Lender advancing the Loan, the Borrower shall grant the
Warrant by issuing a warrant instrument governed by Delaware law within 5 days
of the date of this Agreement.

7.       Repayment

The Loan (together with all interest accrued and unpaid on it) shall be repaid
to the Lender by the Borrower in full within 90 days of written demand by the
Lender at any time.

8.       Security

As security for the Loan and other sums from time to time due under this
Agreement, on or before the date of this Agreement, The Borrower shall enter
into a first, fixed charge on the Accounts Receivable and the Stock/Inventory in
favour of the Lender in a form satisfactory to the Lender.

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9.       Negative Undertakings

         The Borrower  undertakes  that is shall not, and shall procure that its
         subsidiaries shall not, unless the Lender otherwise agrees:

         (a)      Negative Pledge

                  Create or permit to subsist any Encumbrance over any of its
                  assets other than in favour of the Lender (save for the
                  existing Smart Adds IPR Pledge dated 30 November 2005):

         (b)      Indebtedness

                  incur or permit to subsist any Indebtedness other than with
                  the Lender.

10.      Information Undertakings

         The Borrower undertakes that it shall as soon as the same become
         available (and in any event within 21 days after the end of each
         calendar month) deliver to the Lender the management accounts of the
         Borrower in such a form as to disclose with reasonably accuracy the
         financial position of the Borrower and which shall include the
         following information in respect of such period:

         (a)      a statement of profit and loss;

         (b)      a balance sheet;

         (c)      a cashflow statement;

         (d)      details of the current stock count and valuation;

         together with a comparison where appropriate, of all such information
         with the estimates, forecasts and projections in the relevant operating
         budget (or any replacement or substitution of it) in relation to each
         such month period including an analysis highlighting any variation from
         it and, if necessary, revised estimates, forecasts and projections.

11.      Fees

         The  Borrower  shall pay to the  Lender an amount  equal to 10% of each
         Advance within 90 days of first drawdown of that Advance.

12.      Conversion of Loan

12.1     The Borrower  covenants with the Lender to convert the Loan into common
         stock of US$0.001 each of the Borrower in accordance with Schedule 2.

12.2     Until all the Loan shall have been  converted  or repaid in  accordance
         with this Agreement the Borrower shall:

         (a)      keep  available for issue  sufficient  authorized but unissued
                  common stock free of  pre-emptive  or other similar  rights to

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                  satisfy in full all conversion notices deposited in accordance
                  with  Schedule 2 which could be delivered in respect of all of
                  the Loan at that time but  repaid or  converted  and all other
                  rights of  subscription  for an conversion  into common stock
                  without the need for the prior  passing of any  resolution  by
                  its shareholders to approve such issue;

         (b)      if any offers is made to all  holders of common  stock (or all
                  such  holder  other  than  the  offeror   and/or  any  company
                  controlled  by,  or under the same  control  as,  the  offeror
                  and/or  persons acting in concert with the offeror) to acquire
                  all or a proportion of the common stock, procure that at least
                  20 days prior notice thereof is given to the Lender and that a
                  like offer is  extended  to the  holders  of any common  stock
                  issued as a result of a  conversion  of loan  pursuant to this
                  Agreement  and  Schedule  2 while the offer  remains  open for
                  acceptance  and that such  offer  shall  remain so open for at
                  least the 20 day notice period;

         (c)      not, without the sanction of the Lender, in any way modify the
                  rights  attached to its  existing  common  stock as a class or
                  permit the  creation of any shares  ranking in priority to its
                  existing  common stock or  consolidate,  sub-divide  cancel or
                  redeem any  common  stock or  increase  the  authorized  share
                  capital of the Borrower.

13.      Payments

         All payments of interest and principal  under this  Agreement  shall be
         made by the Borrower  without  set-off or deduction in cleared funds to
         the Lender's account at National  Westminister Bank Plc, account number
         00708542, sort code 56-00-05 (reference Laffitte/0894263).

14.      Default

         Notwithstanding  any other provisions of this Agreement,  if any of the
         following events occurs then the full amount of the Loan (together with
         all interest accrued an unpaid thereon) will become immediately due and
         payable on the Lender's first written demand:

         (a)      the  Borrower  fails to make any payment of the due date under
                  this Agreement;

         (b)      a  breach  of any of the  Borrower's  obligations  under  this
                  Agreement or any security  document  entered into in favour of
                  the Lender and if that breach is capable of remedy,  it is not
                  remedied  within 10 Business  Days after notice of that breach
                  has been given by the Lender to the Borrower;

         (c)      a petition is  presented,  or an order is made or an effective
                  resolution is passed for the winding up or  dissolution or for
                  the appointment of a liquidator of the Borrower;

         (d)      distress, execution or sequestration or other legal process is
                  levied or  enforced  or sued out  against any of the assets of
                  the  Borrower  which is not  discharged  or paid out  within 5
                  business  days except where the Lender is satisfied  that this

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<PAGE>

                  distress,  execution,  sequestration or other legal process is
                  being  contested in good faith by the  Borrower  (save for the
                  disclosed  lawsuits  against  the  Borrower  by the  following
                  claimants: NTV Europe, Ogilvy & Mather and Hand Held Games):

         (e)      the  Borrower  ceases to pay its debts or is unable to pay its
                  debts as they  fall due or is deemed  unable to or admits  its
                  inability  to do so or  makes  a  general  assignment  for the
                  benefit of or a composition  with its creditors  (save for the
                  disclosed non-payment of professional fees in the US); or

         (f)      the  Borrower  ceases  or  threatens  to cease to carry on its
                  business or a substantial part of its business.

15.      Miscellaneous

15.1     The Borrower shall be responsible for all costs incurred in connection
         with the preparation and execution of this Agreement. The Borrower
         shall indemnify the Lender on demand for all costs and expenses
         (including legal fees) and any VAT on them incurred in connection with
         the enforcement of the Lender's rights under this Agreement or under
         the security referred to in clause 8(Security).

15.2     Neither of the parties to this Agreement shall assign or transfer any
         of its rights and/or obligations under this Agreement without the
         previous written consent of the other party.

16.      Governing law and jurisdiction

16.1     This  Agreement  shall be governed by and construed in accordance  with
         English law.

16.2     Each of the parties irrevocably submits for all purposes in connection
         with this Agreement to the exclusive jurisdiction of the courts of
         England.

This Agreement has been signed on the date appearing at the head of page 1.

Signed by                         )
for and on behalf of              )
Laffitte Partners LLC             )
In the presence of:               )

Signature of witness:

Name:

Address:

Occupation:

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Signed by                         )
for and on behalf of              )
Tiger Telematics Inc.             )
In the presence of:               )

Signature of witness:

Name:

Address:

Occupation:

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                                   Schedule 1

                               (Drawdown Notice)

To: Lafitte Partners LLC

From: Tiger Telematics Inc.

o[date]

Dear Sirs

Loan Agreement dated o 2006("the Loan Agreement")

Terms defined in the Loan Agreement have the same meaning in this notice.

We request an Advance to be drawn down under the Loan Agreement as follows:

1.       Amount of Advance;

2.       Drawdown Date;

3.       Duration of Interest Period.

We confirm that today and on the Drawdown Date no Default has occurred and is
continuing or will occur on the making of the Advance.

Signed

For and on behalf of Tiger Telematics Inc.

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                                   Schedule 2

                                     Part I

                                  (Conversion)

The Lender may convert all or any part of the Loan into fully paid 0.001 common
stock of Tiger Telematics Inc. ("the Company") at the conversion rate of 1
common stock for every US$0.30 of the principal amount of Loan on the following
basis:

1.        The Lender shall be entitled to convert all of the Loan at any time
         prior to 31 January 2009;

2.       The conversion  rights may be exercised by deposition at the registered
         office of the Company or a meeting of the board of directors of the
         Company (the "Board") the conversion notice duly completed. Once
         deposited the conversion notice shall be revocable at any time prior to
         the conversion by service of notice of revocation upon the Company. The
         Company shall within 5 business days of the date of receipt of the
         conversion notice (such date being "the Conversion Date") allot and
         issue to the Lender common stock in respect of the Loan converted and,
         within 5 business days after the relevant Conversion Date, dispatch to
         the persons entitled thereto share certificates in respect to the
         common stock so allotted. Such allotment and issue shall be in full
         satisfaction and discharge of the principal amount of the Loan so
         converted;

3.       Common stock capital issued on conversion of any part of the Loan will
         be credited as fully paid up at par and will carry all rights including
         rights to receive all dividends and other distribution  declared,  paid
         or made on the common stock capital (including, without limitation, any
         rights of the  holders of common  stock to be  offered  shares or other
         securities or options or rights in respect thereof issues or granted by
         the  Company)  arising on or after the  relevant  Conversions  Date and
         shall from that date rank pari passu in all respects and form one class
         with the existing issued common stock;

4.       On the Conversion  Date the company shall pay to the Lender any default
         interest payable under clause 5.2 of the Agreement  (whether or not due
         any Payable) and any other sums  (including any accrued  interest) owed
         by the Company to the Lender under the Agreement;

5.       The Company shall not be required to issue  fractional  shares upon the
         exercise of the  conversion  rights under this Schedule and shall round
         up to the nearest whole share.

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                                    Part II

                             (Notice of Conversion)

To: Tiger Telematics Inc. ("the Company")

We hereby give notice of our desire to convert (pound) of the Loan into such
number of fully paid common stock of the Company, calculated in accordance with
the Conditions printed on this Certificate.

We agree to accept all the fully paid common stock of the Company issued
pursuant hereto subject to the constitution of the Company and the Conditions
(insofar as they relate to the common stock issued on conversion of such Loan).

Dated

Executed as a Deed by              )
Laffitte Partners LLC              )
acting by                          )
and                                )

                                   Director

                                   Director/Secretary

                                       11EX-10.63

Exhibit 10.63

Award of Deferrable Restricted Stock Units

(2004 Plan)

Pursuant to Section 7 of the Albertson’s, Inc. 2004 Equity and Performance Incentive Plan (the
“Plan”), (the “Participant”), an officer or other key employee of Albertson’s, Inc. or one or
more of its Subsidiaries (the “Company”) is hereby awarded units representing shares of common
stock, $1.00 par value, of the Company (the “Deferrable Restricted Stock Units”), on      
(the “Date of Grant”), upon the terms and conditions set forth in this Award Agreement (this
“Agreement”) and in the Plan.

	1.	 	Grant of Deferrable Restricted Stock Units; Payment of Dividend Equivalents.

	 	(a)	 	Each Deferrable Restricted Stock Unit represents a hypothetical share of the
Company’s common stock, $1.00 par value (the “Stock”). The Deferrable Restricted Stock
Units will be credited to an account established for the Participant.

	 	(b)	 	On each date a cash dividend is distributed with respect to the Stock, an
amount equal to such dividend per share, multiplied by the number of Deferrable
Restricted Stock Units then credited to the Participant’s account, will be paid in cash
to the Participant.

	2.	 	Vesting.

	 	(a)	 	The Deferrable Restricted Stock Units will vest as follows:      (each, a
“Vesting Date”), provided that the Participant has been continuously employed as an
employee of the Company from the Date of Grant through the applicable Vesting Date.
For purposes of this Agreement, “continuously employed” shall mean the absence of any
interruption or termination of employment with the Company or with a person or entity
controlling, controlled by or under common control with the Company (an “Affiliate”).
Continuous employment shall not be considered interrupted or terminated in the case of
sick leave, military leave or any other leave of absence approved by the Company or in
the case of transfers between locations of the Company or its Affiliates.

	 	(b)	 	Notwithstanding Section 2(a) above, all Deferrable Restricted Stock Units
subject to this Agreement will become immediately vested if the Participant’s
employment is involuntarily terminated by the Company without Cause (and other than by
reason of death or disability) or by the Participant for Good Reason following a Change
in Control (a “CIC Termination”).

	 	(c)	 	Except as provided in Section 2(b) above and in Section 2(d) below, upon a
termination of employment under involuntary or voluntary terms, including retirement,
any Deferrable Restricted Stock Units that were not vested as of such date of
termination of employment will be forfeited and the Company will have no further
obligation with respect to thereto.

	 	(d)	 	Upon the Participant’s termination of employment for reasons of death or
permanent disability, a pro-rata portion of the Deferrable Restricted Stock Units will
vest. The pro-rata portion will be calculated by multiplying the full number of
Deferrable Restricted Stock Units granted hereunder by a fraction, the numerator of
which is the number of complete weeks from the Date of Grant to the date of the
Participant’s death or permanent disability determination, and the denominator of which
is      (representing the total number of weeks in the vesting period). The excess of
the number of Deferrable Restricted Stock Units resulting from this calculation over
the number of Deferrable Restricted Stock Units that have previously vested pursuant to
Section 2(a) will become vested on the date of the Participant’s death or permanent
disability.

	3.	 	Non-Assignable/Non-Transferable. This Agreement and the Deferrable Restricted Stock Units
are not assignable or transferable by the Participant (voluntarily or by operation of law)
prior to issuance as set forth in Section 4 below; provided, however, that no
provision in this Agreement will prevent the transfer of the Deferrable Restricted Stock Units
or the shares of Stock underlying such Deferrable Restricted Stock Units by will or the laws
of descent and distribution in the event of the death of the Participant.

	4.	 	Issuance of the Stock.

	 	(a)	 	Except as provided in Section 4(c) or Section 4(d) below, the Company will
issue to the Participant (or to the estate, guardian or beneficiary of the Participant,
as the case may be) the Stock underlying the vested Deferrable Restricted Stock Units
upon the later of (i) each Vesting Date or (ii) the specified payout date elected by
the Participant in an election (an “Initial Deferral Election”) made at the time of
grant and in accordance with Section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”), if any.

	 	(b)	 	The Participant may elect, in the manner and form prescribed by the Company
(the “Subsequent Deferral Election”), to delay the issuance of the Stock pursuant to
Section 4(a).

	 	(i)	 	If permitted by Section 409A of the Code, such Subsequent
Deferral Election may apply to less than all of the shares of Stock underlying
the Participant’s Deferrable Restricted Stock Units.

	 	(ii)	 	Unless otherwise permitted in accordance with Section 409A of
the Code, a Subsequent Deferral Election will not be effective unless (A) in
the case of a distribution made by reason of a specified time or a fixed
schedule, the Subsequent Deferral Election is made not less than twelve months
prior to the first date that issuance would have been made absent such
Subsequent Deferral Election, (B) the initial issuance under such Subsequent
Deferral Election will be made no less than five years from the date payment
would have been made absent such Subsequent Deferral Election (excluding
issuance on account of the death or disability of the Participant), and (C)
such Subsequent Deferral Election will not take effect until twelve months
after the date on which the Subsequent Deferral Election is made.

	 	(c)	 	If the Participant makes an Initial Deferral Election (or a Subsequent Deferral
Election in accordance with Section 4(b) above), the Company will issue to the
Participant (or to the estate, guardian or beneficiary of the Participant, as the case
may be) the Stock underlying the vested Deferrable Restricted Stock Units so deferred
upon the date selected by the Participant in the Initial Deferral Election (or
Subsequent Deferral Election, if applicable).

	 	(d)	 	Notwithstanding any provision of this Agreement to the contrary:

	 	(i)	 	The Company will issue to the Participant (or to the estate,
guardian or beneficiary of the Participant, as the case may be) the Stock
underlying the vested Deferrable Restricted Stock Units immediately upon the
Participant’s death or becoming disabled (within the meaning of Section
409A(c)(2)(C) of the Code); and

	 	(ii)	 	The Company will issue to the Participant the Stock underlying
the Deferrable Restricted Stock Units immediately upon a CIC Termination;
provided, however, that if the Participant is a “specified
employee” (within the meaning of Section 409A of the Code) and the issuance of
the Stock immediately upon a CIC Termination would not meet the “short-term
deferral” exemption under Section 409A of the Code (or otherwise qualify for
exemption under Section 409A of the Code), then the Company will issue the
Stock under the Deferrable Restricted Stock Units to the participant six months
following the Participant’s “separation from service” (within the meaning of
Section 409A of the Code) or, if earlier, upon the earlier of (i) the date the
Deferrable Restricted Stock Units would otherwise be paid or (ii) the
Participant’s date of death.

	 	(e)	 	Except to the extent provided by Section 409A of the Code and permitted by the
Company, no Stock may be issued to the Participant at a time earlier than otherwise
expressly provided in this Agreement.

	 	(f)	 	The Company’s obligations to the Participant with respect to the Deferrable
Restricted Stock Units will be satisfied in full upon the issuance of shares of Stock
corresponding to such Deferrable Restricted Stock Units.

	5.	 	Detrimental Activity.

	 	(a)	 	If the Participant, either during employment by the Company or within one year
after termination of such employment, shall engage in any Detrimental Activity (as
defined below), and the Board of Directors of the Company shall so find, and (except
for any Detrimental Activity described in Section 5(c)(iv)(B)) the Participant shall
not have ceased all Detrimental Activity within 30 days after notice of such finding
given within one year after commencement of such Detrimental Activity, the Participant
shall:

	 	(i)	 	Forfeit any Deferrable Restricted Stock Units then held by the
Participant;

	 	(ii)	 	Return to the Company, all shares of Stock that the Participant
has not disposed of that were issued to the Participant pursuant to this
Agreement within a period of one year prior to the date of the commencement of
such Detrimental Activity; and

	 	(iii)	 	With respect to any shares of Stock that the Participant has
disposed of that were issued to the Participant pursuant to this Agreement
within a period of one year prior to the date of the commencement of such
Detrimental Activity, pay to the Company in cash the closing price of the
 shares of such Stock on the New York Stock Exchange on the date of issuance
pursuant to this Agreement (or on the last trading day prior to such issuance,
if there was no trading on the date of issuance).

	 	(b)	 	To the extent that such amounts are not paid to the Company, the Company may,
in addition to all other remedies at law or in equity, set off the amounts so payable
to it against any amounts that may be owing from time to time by the Company to the
Participant, whether as wages, deferred compensation or vacation pay or in the form of
any other benefit or for any other reason.

	 	(c)	 	For purposes of this Agreement, the term “Detrimental Activity” shall include:

	 	(i)	 	Without the prior written consent of the Company, engaging in
any activity, as an employee, director, principal, agent, or consultant for
another entity, and in a capacity, that directly competes with the Company in
any business activity (or in any business activity which was under active
development while the Participant was employed by the Company if such
development is being actively pursued by the Company during the one-year period
referred to in this Section 5) for which the Participant has had any direct
responsibility and direct involvement during the last two years of his or her
employment with the Company, in any territory in which the Company engages in
such business activity.

	 	(ii)	 	Soliciting any employee of the Company to terminate his or her
employment with the Company.

	 	(iii)	 	The disclosure to anyone outside the Company, or the use in
other than the Company’s business, without prior written authorization from the
Company, of any confidential, proprietary or trade secret information or
material relating to the business of the Company, acquired by the Participant
during his or her employment with the Company or while acting as a consultant
for the Company thereafter.

	 	(iv)	 	Activity that results in termination for the following reasons:
(A) due to the Participant’s willful and continuous gross neglect of his or her
duties for which he or she is employed; or (B) due to an act of dishonesty on
the part of the Participant constituting a felony resulting or intended to
result, directly or indirectly, in his or her gain for personal enrichment at
the expense of the Company.

	6.	 	Definitions. For purposes of this Agreement:

	 	(a)	 	“Cause” means that, prior to any termination for “Good Reason,” the Participant
shall have:

	 	(i)	 	been convicted of a criminal violation involving, in each case,
fraud, embezzlement or theft in connection with his or her duties or in the
course of his or her employment with the Company or any Subsidiary;

	 	(ii)	 	committed intentional wrongful damage to property of the
Company or any Subsidiary; [or]

	 	(iii)	 	committed intentional wrongful disclosure of secret processes
or confidential information of the Company or any Subsidiary; [or]

	 	(iv)	 	[FOR EXECUTIVE OFFICERS ONLY] committed intentional wrongful
engagement in any “Competitive Activity,” which for this purpose means the
Participant’s having an investment constituting more than $100,000 in or
providing personal services to any business enterprise (without the prior
written consent of the Company), if such enterprise: (1) at the time of
determination, is substantially similar to the whole or a substantial part of
the business conducted by the Company or any of its divisions or Affiliates;
(2) at the time of determination, is operating a store or stores which, during
its or their fiscal year preceding the determination, had aggregate net sales
in excess of $10,000,000, if such store or any of such stores is or are located
in a city or within a radius of 25 miles from the outer limits of a city where
the Company, or any of its divisions or Affiliates, is operating a store or
stores which, during its or their fiscal year preceding the determination, had
aggregate net sales in excess of $10,000,000; and (3) had aggregate net sales
at all its locations, and sales by its divisions and Affiliates, during its
fiscal year preceding that in which the Participant made an investment therein,
or first rendered personal services thereto, in excess of $500,000,000;]

and any such act shall have been demonstrably and materially harmful to the Company.
For purposes of this Agreement, no act or failure to act on the part of the
Participant shall be deemed “intentional” if it was due primarily to an error in
judgment or negligence, but shall be deemed “intentional” only if done or omitted to
be done by the Participant not in good faith and without reasonable belief that the
Participant’s action or omission was in the best interest of the Company.
Notwithstanding the foregoing, the Participant shall not be deemed to have been
terminated for “Cause” hereunder unless and until there shall have been delivered to
the Participant a copy of a resolution duly adopted by the affirmative vote of not
less than three quarters of the Board then in office at a meeting of the Board
called and held for such purpose, after reasonable notice to the Participant and an
opportunity for the Participant, together with the Participant’s counsel (if the
Participant chooses to have counsel present at such meeting), to be heard before the
Board, finding that, in the good faith opinion of the Board, the Participant had
committed an act constituting “Cause” as herein defined and specifying the
particulars thereof in detail. Nothing herein will limit the right of the
Participant or his or her beneficiaries to contest the validity or propriety of any
such determination.

	 	(b)	 	“Good Reason” means the occurrence of one or more of the following events
(regardless of whether any other reason, other than Cause, for such termination exists
or has occurred, including without limitation other employment):

	 	(i)	 	Failure to elect or reelect or otherwise to maintain the
Participant in the office or the position, or a substantially equivalent or
better office or position, of or with the Company and/or a Subsidiary (or any
successor thereto by operation of law of or otherwise), as the case may be,
which the Participant held immediately prior to a Change in Control, or the
removal of the Participant as a Director of the Company and/or a Subsidiary if
the Participant shall have been a Director of the Company and/or a Subsidiary
immediately prior to the Change in Control;

	 	(ii)	 	Failure of the Company to remedy any of the following within 10
calendar days after receipt by the Company of written notice thereof from the
Participant: (A) A significant adverse change in the nature or scope of the
authorities, powers, functions, responsibilities or duties attached to the
position with the Company and any Subsidiary which the Participant held
immediately prior to the Change in Control, (B) a reduction in the
Participant’s base pay received from the Company or any Subsidiary, (C) a
reduction in the Participant’s incentive pay as compared with the incentive pay
most recently paid prior to the Change in Control, or (D) the termination or
denial of the Participant’s rights to employee benefits or a reduction in the
scope or value thereof;

	 	(iii)	 	The liquidation, dissolution, merger, consolidation or
reorganization of the Company or the transfer of all or substantially all of
its business and/or assets, unless the successor or successors (by liquidation,
merger, consolidation, reorganization, transfer or otherwise) to which all or
substantially all of its business and/or assets have been transferred (by
operation of law or otherwise) assumed all duties and obligations of the
Company under this Agreement;

	 	(iv)	 	The Company requires the Participant to have his or her
principal location of work changed to any location that is in excess of 50
miles from the location thereof immediately prior to the Change in Control, or
requires the Participant to travel away from his or her office in the course of
discharging his or her responsibilities or duties hereunder at least 20% more
(in terms of aggregate days in any calendar year or in any calendar quarter
when annualized for purposes of comparison to any prior year) than was required
of Participant in any of the three full years immediately prior to the Change
in Control without, in either case, his or her prior written consent; or

	 	(v)	 	Without limiting the generality or effect of the foregoing, any
material breach of this Agreement by the Company or any successor thereto which
is not remedied by the Company within 10 calendar days after receipt by the
Company of written notice from the Participant of such breach.

	7.	 	Rights of Participant.

	 	(a)	 	The Participant will not have any rights as a stockholder with respect to any
 shares of Stock issuable pursuant to the Deferrable Restricted Stock Units until the
date on which a stock certificate (or certificates) representing such Stock is issued.

	 	(b)	 	The obligations of the Company under this Agreement will be merely that of an
unfunded and unsecured promise of the Company to deliver shares of Stock in the future
and to pay cash in respect of dividends from time to time, and the rights of the
Participant will be no greater than that of an unsecured general creditor. No assets
of the Company will be held or set aside as security for the obligations of the Company
under this Agreement.

	8.	 	Adjustments. The number and kind of shares of Stock issuable pursuant to the Deferrable
Restricted Stock Units is subject to adjustment as provided in Section 12 of the Plan.

	9.	 	American Jobs Creation Act.

	 	(a)	 	To the extent applicable, it is intended that this Agreement and the Plan
comply with the provisions of Section 409A of the Code, so that the income inclusion
provisions of Section 409A(a)(1) of the Code do not apply to the Participant. This
Agreement and the Plan shall be administered in a manner consistent with this intent,
and any provision that would cause this Agreement or the Plan to fail to satisfy
Section 409A of the Code shall have no force and effect until amended to comply with
Section 409A of the Code (which amendment may be retroactive to the extent permitted by
Section 409A of the Code and may be made by the Company without the consent of the
Participant).

	 	(b)	 	It is intended that, to the extent applicable, all Participant elections
hereunder will comply with Section 409A of the Code. The Company is authorized to
adopt rules or regulations deemed necessary or appropriate in connection therewith to
anticipate and/or comply with the requirements thereof.

	 	(c)	 	Reference to Section 409A of the Code will also include any proposed, temporary
or final regulations, or any other guidance, promulgated with respect to such Section
by the U.S. Department of the Treasury or the Internal Revenue Service.

	10.	 	Notices. Notices hereunder will be mailed or delivered to the Company, Compensation
Department, Albertson’s, Inc., P.O. Box 20, Boise, Idaho 83726 and will be mailed to or
delivered to the Participant at the Participant’s address set forth in the payroll records of
the Company, or in either case, at such other address as one party may subsequently furnish to
the other party in writing.

	11.	 	No Employment Rights. This award will not confer upon the Participant any right with respect
to continuance of employment by the Company, nor will it interfere in any way with any right
of the Company to terminate the Participant’s employment at any time.

	12.	 	Governing Law. The laws of the State of Delaware will govern this award and all matters
related hereto.

	13.	 	Severability. In the event that one or more of the provisions of this Agreement shall be
invalidated for any reason by a court of competent jurisdiction, any provision so invalidated
shall be deemed to be separable from the other provisions hereof, and the remaining provisions
hereof shall continue to be valid and fully enforceable.

	14.	 	Interpretation. Except as expressly provided in this Agreement, capitalized terms used
herein will have the meaning ascribed to such terms in the Plan. References to the Company
herein will be deemed to refer to any successor of the Company who has expressly agreed to
perform the obligations hereunder.

	15.	 	Subject to Plan. This award is subject to the terms of the Plan. To the extent any
provision of this Agreement violates or is inconsistent with an express provision of the Plan,
the Plan provision will govern and any inconsistent provision in this Agreement will have no
force or effect.

	16.	 	Taxes. The Participant will pay to the Company, on demand, any taxes the Company reasonably
determines it is required to withhold under applicable tax laws with respect to the Deferrable
Restricted Stock Units or the issuance of Stock pursuant to this award. To the extent that
Stock is issuable to the Participant when the tax withholding obligation arises, the tax
withholding obligation shall be satisfied by the Company withholding shares of Stock otherwise
issuable pursuant to this award in order to satisfy the minimum tax withholding amount
permissible under the method that results in the least amount withheld.

	17.	 	Counterparts. This Agreement may be executed in two or more counterparts, each of which will
be an original but all of which together will represent one and the same agreement.

	18.	 	Amendments/Entire Agreement. Any amendment to the Plan will be deemed to be an amendment to
this Agreement. Except as provided in this Agreement, no amendment will adversely affect the
number or value of the Participant’s Deferrable Restricted Stock Units without the
Participant’s written consent. This Agreement cannot be changed or terminated orally. The
Agreement and the Plan contain the entire agreement between the parties relating to the
subject matter hereof.

	 	 	 	 	 
	PARTICIPANT
	 	ALBERTSON’S, INC.

	_____________________________
	 	By:  ____________________________

	 
	 	Chairman, CEO and President

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