Document:

EX-10.14

 Exhibit 10.14 
  

 
 ELECTION FORM AND WAIVER AGREEMENT 

This Election Form and Waiver Agreement (“Agreement”) is made and entered into between Michael D. Byars (“Employee”) and
BI-LO, LLC./Winn-Dixie Stores, Inc. its officers, agents, employees, successors and assigns and any affiliated company, parent, or subsidiary, and their past and present directors, officers, employees, representatives, successors and assigns
(“Winn-Dixie”) with reference to the following facts: 
 R E C I T A L S 

WHEREAS Employee’s job as President/CEO has ended effective March 1, 2013. This date will be referenced herein as
Employee’s Separation Date and/or date of separation. 
 WHEREAS Employee acknowledges that in order to receive the
consideration outlined herein, he/she must execute this Agreement and return it to BI-LO, LLC./Winn-Dixie Stores, Inc. Legal Department, Attention: Victoria Wellstead, Assist. General Counsel-Litigation & Employment Law. 

WHEREAS Employee and BI-LO, LLC./Winn-Dixie Stores, Inc. seek to protect BI-LO LLC./Winn-Dixie Stores, Inc. against unfair competition
and its investment in its workforce. 
 WHEREAS Employee and BI-LO, LLC./Winn-Dixie Stores, Inc. each desire to settle, fully
and finally, all claims, known or otherwise, that Employee could have asserted based on his/her employment relationship and the separation thereof. 

THEREFORE, in consideration of the mutual promises set forth in this Agreement, Employee and Winn-Dixie agree as follows: 

1. Winn-Dixie Agrees 

In full consideration and as material inducement for Employee’s signing of this Agreement, and agreeing to the releases and promises as
provided for herein, Winn-Dixie agrees to pay Employee the amounts listed below, less normal withholding tax and FICA deductions, in a single lump sum cash payment within fourteen (14) days of the expiration of the revocation period as
described in this Agreement, unless otherwise stated below: 
  

	 	(a)	One Million One Hundred Fifty Thousand Dollars and No Cents ($1,150,000.00); 

  

	 	(b)	an amount equal to the cost of the COBRA coverage for up to an 18-month period following the Employee’s Separation Date for the Employee and his covered dependents, which shall be paid as permitted by and in
accordance with Section 7(b)(ii) of the Employee’s Second Amended and Restated Employment Agreement dated March 3, 2012; 

  

	 	(c)	[intentionally left blank]; 

 Election Form and Waiver Agreement 

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	 	(d)	$110,577, which is an amount equal to the Employee’s unpaid bonus earned for the first fiscal quarter of 2013 (based on a pro-rated portion of the Employee’s target annual bonus), prorated for the number of
days the Employee was employed by Winn-Dixie during such partially completed fiscal quarter; and 

  

	 	(e)	$44,231, which is an amount equal to twenty (20) accrued and unused vacation days. 

 As
additional consideration and as material inducement for Employee’s signing of this Agreement and agreeing to the releases and promises as provided for herein, Winn-Dixie further agrees: 

 

	 	(x)	to only verify dates of employment through The Work Number at (800) 996-7566 or http://www.theworknumber.com if contacted by an employer or prospective employer of Employee; 

 

	 	(y)	to not contest Employee’s entitlement to unemployment benefits, if any, he/she may be entitled to in accordance with applicable state unemployment laws and regulations; and 

 

	 	(z)	that this Agreement does not waive or alter the Employee’s rights and interests under that certain BI-LO Holding, LLC 2012 Executive Incentive Pool Plan Award Agreement dated March 8, 2012. Winn-Dixie and the
Employee further agree and acknowledge that (i) Employee’s interests are 35,000 Pool Units and (ii) that, pursuant to Section 3(b) of the BI-LO Holding, LLC 2012 Executive Incentive Pool Plan Award Agreement dated March 8,
2012, 50% of such Units are currently vested and 50% of such Units are forfeited. 

 2. Complete and Full General
Release of All Claims 
 In consideration for the benefits set out more fully below, Employee, for himself/herself, his/her heirs,
successors and assigns, hereby, unconditionally and forever releases and discharges Winn-Dixie and any affiliated company, parent, or subsidiary, and their past and present directors, officers, employees, representatives, successors and assigns from
any and all claims, whether known or not, including but not limited to, claims, rights, or amounts for attorneys’ fees, wages, debts or damages of any kind arising out of, but not limited to, his/her hiring, employment, treatment by or
separation from employment with Winn-Dixie. This Agreement applies to all claims and causes of action including, but not limited to, claims, arising under any civil rights statutes, including but not limited to the Civil Rights Act of 1964, the
Civil Rights Act of 1866, the Civil Rights Act of 1871, the Employee Retirement Income Security Act, the Americans With Disabilities Act (ADA), the ADA Amendments Act of 2008, the Age Discrimination in Employment Act of 1967, the Family Medical
Leave Act, the Fair Labor Standards Act of 1938, the Rehabilitation Act of 1973, the Equal Pay Act, the Lily Ledbetter Fair Pay Act of 2009, the Worker Adjustment and Retraining Notification Act, the Uniform Services Employment and Re-employment
Rights Act, the Occupational Health and Safety Act, the Sarbanes-Oxley Act of 2002, the National Labor Relations Act, the Florida Civil Rights Act, or any other local, state or federal law or regulation of whatever kind, or any theory of contract or
tort based on events occurring prior to the execution of this Agreement. 

 Election Form and Waiver Agreement 

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 Employee expressly acknowledges that he/she has received all amounts due from
BI-LO/Winn-Dixie through the Separation Date, including, but not limited to, the following: (a) all wages and other compensation earned, (b) payment for all accrued but unused vacation time, if any, (c) full payment for all overtime
to which Employee was entitled, if any; (d) reimbursement for all reasonable and necessary travel, entertainment and other expenses incurred on behalf of Winn-Dixie; and (e), with the exception of any benefit entitlements that are vested as of
the Separation Date pursuant to the terms of a BI-LO/Winn-Dixie sponsored benefit plan governed by ERISA, no other amounts are due to Employee from BI-LO/Winn-Dixie except pursuant to this Agreement (if it becomes effective and enforceable).
Provided however that Winn-Dixie and the Employee agree that the Employee is still eligible to receive payments (i) as described in Section l(c) above pursuant to the 2012 BI-LO General Management Incentive Plan and 2012 Supplemental Incentive
Plan and (ii) as described in Section l(z) above pursuant to the BI-LO Holding, LLC 2012 Executive Incentive Pool Plan Award Agreement dated March 8, 2012. 

3. No Other Filings 

Employee represents that he/she has not filed any charges, complaints or other accusatory pleadings against BI-LO/Winn-Dixie or any of its
officers, directors, employees or representatives based upon or arising out of any aspect of his/her employment relationship with BI-LO/Winn-Dixie or separation therefrom which may have accrued as of the date of the execution of this Agreement.
Employee agrees that if at any time after the execution of this Agreement it is established that he/she violated the terms of this provision, BI-LO/Winn-Dixie shall have the right to seek appropriate relief, including, but not limited to, a
permanent injunction restraining Employee from further violations. Employee further agrees that damages for any breach of this provision will be difficult to calculate and that should Employee breach this provision, BI-LO/Winn-Dixie shall be
entitled to both stop payment of any funds owed under this Agreement and bring legal action against Employee in a court of competent jurisdiction for each such breach. As liquidated damages for each such breach and not as a penalty for such breach.
Employee further agrees that with respect to the claims he/she is waiving, he/she is waiving his/her right to recover money or other relief in any action that might be brought on his/her behalf by any other person or entity including, but not
limited to, the United States Equal Employment Opportunity Commission, the Department of Labor, or any other (U.S. or foreign) federal, state or local governmental agency or department. 

4. Confidentiality 

Employee agrees that the facts, contents, and terms of this Agreement shall be completely confidential and will not be disclosed to any third
party except (a) as required by law, (b) as required to obtain legal or financial advice, or (c) to Employee’s immediate family, including parents, spouse and/or children. Employee further agrees that the only statement he/she
will make about his/her separation from BI-LO/Winn-Dixie is that his/her employment ended by way of Job Elimination. Employee agrees that if at any time following the Separation Date it is established that he/she violated the terms of this
confidentiality provision, BI-LO/Winn-Dixie shall have the right to seek appropriate relief, 

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including, but not limited to, a permanent injunction restraining Employee from further violations. If Employee has any question regarding what data or information BI-LO, LLC./Winn-Dixie Stores,
Inc. would consider to be subject to this prohibition, Employee agrees to contact BI-LO’s/Winn-Dixie’s Employment Law Department in writing for written clarification. 

5. Non-Admission of Liability 

It is understood and agreed that this Agreement has been reached purely on a compromise basis and is not to be construed as an admission by
either Employee or BI-LO/Winn-Dixie of any violation of any federal, state or local law, ordinance, or administrative regulation, or any action in contract or tort which either party could have brought in a subsequent lawsuit. 

6. Return of Documents and Materials 

Employee agrees to return all documents and equipment owned by BI-LO/Winn-Dixie in his/her possession, custody or control upon his/her
Separation Date. The term equipment includes, but is not limited to laptops, wireless communication devices, credit cards, access cards or any other equipment specifically assigned to Employee and used for business purposes by Employee
(“Equipment”) as President/CEO. The term equipment does not include business cards, office supplies, pencils or any other item not specifically assigned to Employee. Employee further agrees to return all materials, memorandum, notes,
records, lists, or any other documents or tangible medium containing proprietary information pertaining to Winn-Dixie’s business or its customers (“Materials”) upon his/her Separation Date. For purposes of this paragraph, the term
document does not include documents received as a shareholder or any agreements between Employee and Bi-LO, LLC./Winn-Dixie Stores, Inc. 

7. Non-Solicitation 

Employee also agrees that, for one (1) year after the date of execution of this Agreement, Employee will not directly or indirectly,
without BI-LO, LLC./Winn-Dixie Stores, Inc. prior written consent, solicits employees of to BI-LO, LLC/Winn-Dixie Stores, Inc. who worked under Employee’s supervision and with whom Employee had business dealings for the purpose of inducing them
to leave their employment with to BI-LO, LLC./Winn-Dixie Stores, Inc. 

 Election Form and Waiver Agreement 

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 In the event of any breach by Employee of the above-referenced non-solicitation clause, the
resulting injuries to Winn-Dixie would be difficult or impossible to estimate accurately, but it is certain that injury or damages will result to the business of Winn-Dixie. Employee therefore agrees that, in the event of any such breach,
BI-LO/Winn-Dixie shall be entitled, in addition to any available legal or equitable remedies for damages, to an injunction to restrain the violation or anticipated violation of those provisions of this Agreement. BI-LO’s/Winn-Dixie’s
rights under this paragraph shall be in addition to every other remedy (equitable, statutory, legal or contractual) to which BI-LO/Winn-Dixie may be entitled. 

8. Non-Disparagement 

Employee agrees to refrain from publicly or privately either directing any disparaging or defamatory remarks regarding BI-LO, LLC./Winn-Dixie
Stores, Inc. or engaging in any form of disparaging or defamatory conduct that disparages Winn-Dixie, and BI-LO, LLC portrays BI-LO, LLC./Winn-Dixie Stores, Inc. in a negative light or otherwise impairs the reputation, goodwill or commercial
interests of Winn-Dixie. Employee understands and agrees that this restriction prohibits, among other things, the making of disparaging or defamatory remarks regarding BI-LO, LLC/Winn-Dixie or engaging in any disparaging or defamatory conduct that
disparages, portrays in a negative light, or otherwise impairs the reputation, goodwill or commercial interests of BI-LO, LLC./Winn-Dixie Stores, Inc. to any (1) member of the general public; (2) either customers, vendors or suppliers or
potential customers, vendors or suppliers of Winn-Dixie; (3) current, former or prospective employees of BI-LO, LLC./Winn-Dixie Stores, Inc.; or (4) member(s) of the press or other media. 

9. Full Disclosure 

Employee has disclosed to BI-LO, LLC./Winn-Dixie Stores, Inc. any information in his/her possession concerning any conduct involving
BI-LO/Winn-Dixie or its affiliates that Employee has any reason to believe involves any false claims to the United States or any other governmental body, any violations of the Sarbanes-Oxley Act or that may be unlawful or violate
BI-LO’s/Winn-Dixie’s policies in any respect. 
 10. Non-Disclosure 

Employee agrees that in his/her position as President/CEO, he/she had access to and indeed did review proprietary and confidential information
that both was not available to the general public and to BI-LO, LLC. /Winn-Dixie Stores, Inc. took reasonable steps to protect from being disseminated to the public. This information included, but was not limited to customer, supplier and vendor
information; processes; know-how; trade secrets defined as information including a formula, pattern, compilation, program, device, method, technique, or process that derives independent economic value, actual or potential, from not being generally
known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use and is the subject of efforts that are reasonable under the circumstances to maintain its secrecy; other
valuable confidential business information or professional information that otherwise does not qualify as trade secrets; pricing; marketing strategies; and all other similar and related information of BI-LO/Winn-Dixie. Employee further agrees that
BI-LO/Winn-Dixie has a legitimate business 

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interest in protecting substantial relationships with specific prospective or existing customers, vendors, or suppliers; customer or vendor goodwill associated with its business; and
extraordinary or specialized training. In light of Employee’s access to this information, Employee furthermore agrees that he/she will not at any time disclose any of BI-LO’s /Winn-Dixie’s proprietary, secret or confidential
information to any person or party, directly or indirectly, for a period of at least five (5) years from the date of Employee’s execution of this Agreement. 

If the aforementioned covenant is breached, Winn-Dixie shall have any and all legal remedies as may be available to it, and Winn-Dixie shall
be entitled to an immediate injunction from a court of competent jurisdiction to prevent the continuation of the breach without further having to show damage. 

Whether or not Employee signs this Agreement, Employee still has continuing obligations under BI-LO’s / Winn-Dixie’s
proprietary/trade secret information, and restrictive covenant agreements that Employee signed, if any, and protections against the misappropriation of trade secrets under applicable law. 

11. Agreement to Cooperate Against Claims 

Employee agrees that he/she will make himself/herself available to BI-LO/Winn-Dixie, at mutually acceptable times, with respect to any
administrative or legal claims made against Winn-Dixie or its benefit plans that accrued during the time he/she was employed with BI-LO/Winn-Dixie. As such, Employee agrees that he/she will consent to informational interviews, complete statements,
and otherwise make himself/herself available as needed and at mutually acceptable times and places. 
 12. Complete Agreement

 It is understood and agreed that this Agreement and the BI-LO Holding, LLC 2012 Executive Incentive Pool Plan Award Agreement dated
March 8, 2012 set forth the entire agreement between Employee and Winn-Dixie and supersede any previous agreements between Employee and to BI-LO, LLC./Winn-Dixie Stores, Inc. 

13. Choice of Law 

This Agreement is to be construed according to the laws of the State of Florida. 

14. Severability 

Should any provision of this Agreement be declared unlawful, invalid or unenforceable, the invalid, unlawful or unenforceable provision (or
portion thereof) shall interpreted or modified so as to provide to BI-LO, LLC./Winn-Dixie Stores, Inc. with the maximum protection that is valid, lawful and enforceable, consistent with the intent of to BI-LO, LLC./Winn-Dixie Stores, Inc. and
Employee in entering into this Agreement. If such provision (or portion thereof) cannot be interpreted or modified so as to be valid, lawful and enforceable, that provision (or portion thereof) shall be construed as narrowly as possible and shall be
severed from the remainder of this Agreement (or provision), and the remainder shall remain in effect and be construed as broadly as possible, as if such invalid, unlawful or unenforceable provision (or portion thereof) had never been contained in
this Agreement. 

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 15. Acknowledgment 

EMPLOYEE REPRESENTS AND ACKNOWLEDGES THAT HE/SHE HAS BEEN ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO ENTERING THIS AGREEMENT, AND THAT
HE/SHE HAS BEEN PROVIDED WITH A PERIOD OF AT LEAST FORTY-FIVE (45) DAYS WITHIN WHICH TO CONSIDER THE AGREEMENT. EMPLOYEE FURTHER REPRESENTS AND ACKNOWLEDGES THAT HE/SHE HAS READ THIS AGREEMENT IN ITS ENTIRETY, THAT THE AGREEMENT IS WRITTEN IN A
MANNER CALCULATED TO BE UNDERSTOOD BY HIM/HER, THAT HE/SHE FULLY UNDERSTANDS ITS CONTENT AND EFFECT, AND, WITHOUT DURESS OR COERCION, KNOWINGLY AND VOLUNTARILY AGREES TO ITS TERMS AND CONDITIONS. EMPLOYEE ALSO ACKNOWLEDGES AND REPRESENTS THAT THE
CONSIDERATION PROVIDED IN EXCHANGE FOR THIS AGREEMENT IS OF VALUE TO HIM/HER AND IS NOT ANYTHING TO WHICH HE/SHE IS ALREADY ENTITLED. 

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 EMPLOYEE FURTHER ACKNOWLEDGES THAT HE/SHE MAY REVOKE THIS AGREEMENT AT ANY TIME WITHIN
SEVEN (7) DAYS OF EXECUTING THE AGREEMENT. ANY REVOCATION, HOWEVER, MUST BE IN WRITING AND DELIVERED TO WINN-DIXIE’S SENIOR VICE PRESIDENT OF HUMAN RESOURCES. BOTH PARTIES ACKNOWLEDGE AND AGREE THAT THIS AGREEMENT SHALL NOT BECOME
EFFECTIVE OR ENFORCEABLE UNTIL THE SEVEN (7) DAY REVOCATION PERIOD HAS EXPIRED. 
 Dated this 5th day of March 2013. 
  

									
	By:	 	/s/ Michael Byars	 		 	By:	 	/s/ Anita Dahistrom
		 	Michael Byars	 		 		 	Anita Dahistrom
		 	Employee ID No: N/A	 		 		 	SVP, Human Resources

  

									
		 	Sworn to and subscribed before me	 		 		 	

    
		 	this 5th day of March 2013.	 		 		 
		 	

	 		 		 
		 	Notary Public	 		 		 
		 	My Commission Expires: 12/18/22EX-10.16

 Exhibit 10.16 

ASSET ADVISORY AGREEMENT  

BI-LO, LLC 
 THIS ASSET
ADVISORY AGREEMENT (“Agreement”) is made effective as of the Effective Date (as defined in Section 7(a) below), by and between HUDSON AMERICAS LLC, a Delaware limited liability company (“Manager”), and BI-LO, LLC, a Delaware
limited liability company (“Owner,” and, together with Manager, the “Parties”), and joined herein by LONE STAR FUND V (U.S.), L.P., a Delaware limited partnership (the “Fund”), for the limited purposes set forth in
Section 7(a) below. 
 RECITALS 

WHEREAS, Owner is the sole member of each of the entities listed on Schedule 1 attached hereto (Owner, such entities, and all of their assets
are collectively referred to herein as the “Assets”); and 
 WHEREAS, Owner desires that Manager undertake the asset management of
the Assets, as provided herein, and Manager desires to undertake such management. 
 AGREEMENT 

NOW THEREFORE, in consideration of the mutual promises contained herein and for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the Parties agree as follows: 
  

	1.	Manager Services. Manager shall provide operating company oversight functions for Owner in connection with the Assets, which services (the “Manager Services”) may include, but shall not be limited to,
the following: 

  

	 	(a)	Manager shall be responsible for the day-to-day communication and coordination with any personnel or other service providers hired by Owner or its subsidiaries with respect to the Assets. Manager shall provide the other
management services as are set forth in this Agreement; however, notwithstanding anything in this Agreement to the contrary. Owner shall retain the sole right to approve or change the budget for the operation of the Assets, to approve any
transactions with respect to the Assets, and to hire and fire the personnel and other service providers for the Assets. 

  

	 	(b)	Manager shall assist and advise Owner with respect to the Long Term Plan (as hereafter defined). For purposes hereof, “Long Term Plan” means the Long Term Plan developed or adopted by Owner with respect to the
Assets, as may be amended from time to time. 

  

	 	(c)	Manager shall, subject to the availability of sufficient funds, work diligently to implement the Long Term Plan and shall have the authority (together with the obligation and responsibility) to manage the Assets in
accordance with such Long Term Plan. Any specific action or cost enumerated in any Long Term Plan may be implemented and consummated by Manager for Owner without further approval or participation of Owner; however Owner retains the right to change
the Long Term Plan at any time. 

  

	 	(d)	Notwithstanding anything to the contrary herein, if, in order to preserve the rights of Owner with respect to the Assets, certain action not authorized pursuant to the Long Term Plan or the terms of this agreement that
would otherwise require the approval of Owner must be immediately taken in response to an emergency matter concerning the Assets (“Emergency Matter”) in order to protect Owner’s interest therein, then Manager shall be authorized to
take such actions as it deems necessary or appropriate to so protect the interests of Owner. Manager shall promptly notify Owner of the action taken and the circumstances giving rise to such action (including the reason for the requirement for
immediate action). Any such action or expenditure relating to an Emergency Matter that may be consummated by Manager shall be deemed approved by Owner. 

	 	(e)	Manager shall obtain and maintain on behalf of Owner all licenses, permits, certificates, consents, and other approvals required with respect to the Assets (collectively, “Licenses”). Manager shall provide
Owner with copies of all completed initial or renewal License applications for approval, not less than thirty (30) days prior to the date such applications are due. All Licenses shall be obtained in the Owner’s name whenever possible. Any
Licenses obtained in the name of Manager shall be held on behalf of Owner, and, upon termination of this Agreement, Manager shall transfer or assign all such Licenses to such person as the Owner may direct at no cost, to the extent permitted by
applicable law. 

  

	 	(f)	Manager shall not be required to devote its full time and attention to the management of the Assets, but only such time as is reasonably necessary for the proper conduct of its duties under this Agreement.

 2. Consultation and Communication; Reports. 

(a) Manager’s management personnel shall be available at the reasonable request of Owner for consultation and shall provide Owner with all information
pertaining to the Assets and Manager’s services related thereto as is reasonably requested and as Manager can reasonably provide. 
 (b) Owner and
Manager shall, upon Owner’s request (such request to be made by written notice to Manager, setting forth the time, date, and location of such meeting), meet (or bold a telephone conference call) to discuss the progress of, and proposals,
strategy, operation, and administrative matters relating to, the Assets, and to review actual operating results in relation to the projections set forth in the Plans. For any of the foregoing meetings that require Manager’s representatives to
travel, Owner shall pay all travel, lodging, food and other expenses of such representatives incurred in traveling to, staying at, and returning from the location of any such meeting. 

(c) Manager shall prepare and submit to Owner, by no later than the twenty-fifth (25th) day of each month, regular monthly reports for the prior month of
its activities on behalf of Owner for examination and review by Owner, which reports shall be in form and substance reasonably satisfactory to Owner. 
 3.
Duty of Care. Manager shall carry out its obligations hereunder in accordance with such asset management standards as are customarily employed by similar asset managers managing comparable portfolios for others under similar terms and
conditions. 
 4. Expenses. All expenses incurred by Manager on behalf of Owner hereunder shall be paid by Owner, in strict accordance with the
applicable Plan, or as otherwise approved by Owner. In no event shall Manager be obligated to pay any expenses related to the Assets. If Manager in its sole discretion, shall elect to pay any expenses, Owner shall reimburse Manager as set forth in
the applicable Plan. 
 5. Ancillary Services; Payment for Services. (a) Manager may, but is not required to, perform certain additional services
on behalf of Owner, including, without limitation the following: financial accounting and reporting; tax accounting, preparation and reporting; treasury, including, but not limited to, acting as a cash agent; risk management; legal and compliance;
record keeping; and operating company oversight (“Ancillary Services”). Such Ancillary Services shall be performed in a commercially reasonable manner and on a competitive basis. 

(b) Manager Services and Ancillary Services will be charged at 110% of Manager’s costs thereof or at 110% of the hourly billing rates of individuals
performing such services using actual time incurred, as applicable. Owner agrees to pay Manager promptly upon receipt of each invoice or other request for payment submitted by Manager for Manager Services and Ancillary Services rendered, and for
expenses incurred as provided in this Agreement 
 6. [INTENTIONALLY RESERVED] 

 7. Term; Termination. 

(a) This Agreement shall be effective as of the date upon which Owner issues approximately $280,000,000 of senior secured notes due 2019 (the “Effective
Date”). On the Effective Date, this Agreement shall replace in its entirety any and all prior executed Asset Advisory Agreements existing among the Parties, and, until the Effective Date, this Agreement shall be of no force or effect. This
Agreement shall be terminable by Manager or Owner and/or the Fund upon thirty (30) days’ notice from one to the others for any reason or no reason whatsoever. 

(b) Upon expiration or termination of this Agreement for any reason, (i) Manager shall deliver to Owner, or its nominee (A) all books, documents,
records, materials, supplies, and funds in its possession belonging to Owner or received by Manager pursuant to the terms of this Agreement and (B) a statement of expenses incurred by, and other amounts payable to, Manager pursuant to this
Agreement as of the date of termination, and (ii) not later than fifteen (15) days following the date of termination, Owner shall pay to Manager in full all amounts due Manager as of such date of termination. 

(c) Termination of this Agreement shall not release Manager or Owner, as the case may be, from liability for failure to perform any of the duties or
obligations of Manager or Owner, as the case may be, under this Agreement that have accrued as of the date termination. 
 8. Confidentiality. Each
Party shall maintain in confidence the facts and terms of this Agreement and all other information received from the other Party that is identified in writing at the time of delivery as being confidential; provided, however, that each Party may
disclose such information (a) to its and its affiliates’ directors, officers, employees, or agents (it being understood that they shall be informed by such Party of the confidential nature of such information and that such Party shall
cause them to treat such information confidentially); (b) if required to do so by applicable laws, rules, regulations, or orders; (c) if such information becomes part of the public domain; or (d) if such information otherwise was or
becomes available to such Party on a non-confidential basis, provided that the source of such information was not known by such Party to be bound by a confidentiality obligation. 

9. Representations and Warranties. Each Party represents and warrants to the other that, as of the date hereof: 

(a) It is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation. It has all requisite power and authority
to enter into and to perform its obligations under this Agreement. 
 (b) Its execution, delivery, and performance of this Agreement have been duly
authorized and do not and will not (i) violate any law, rule, regulation, order, or decree applicable to it or (ii) violate its organizational documents. 

(c) This Agreement is a legal and binding obligation, enforceable against it in accordance with its terms, except to the extent enforceability is modified by
bankruptcy, reorganization, and other similar laws affecting the rights of creditors generally and by general principles of equity. 
 (d) There is no
litigation pending or, to the best of its knowledge, threatened to which it is a party that, if adversely determined, would have material adverse effect on the transactions contemplated in this Agreement or its financial condition, prospects, or
business. 
 10. No Assignment. Neither Party may assign any of its rights, duties or obligations under this Agreement without the prior written
consent of the other Party. 
 11. Governing Law; Dispute Resolution. 

(a) This Agreement shall be governed by and construed in accordance with the laws of the State of Texas. 

 (b) The Parties shall attempt in good faith to resolve any dispute or difference of any kind whatsoever between
the Parties or any of their affiliates arising out of or in connection with or in relation to this Agreement, including any claims arising out of or relating to this Agreement, whether in contract, tort, statutory, or otherwise, and including any
claims regarding the existence, scope, validity, breach, or termination of this Agreement (each, a “Dispute”), by mutual agreement. 
 (c) If any
Dispute cannot be resolved by mutual agreement, the Dispute shall be finally settled by arbitration pursuant to the procedures set forth in this Section 11. 

(d) The arbitral tribunal (the “Tribunal”) shall be composed of three (3) arbitrators. Manager and Owner shall each appoint an arbitrator within
thirty (30) days of the date of a request to initiate arbitration, and the two (2) appointed arbitrators shall then jointly appoint a third arbitrator within thirty (30) days of the appointment of the second arbitrator, to act as
chairman of the Tribunal. Arbitrators not appointed within the time limits set forth in the preceding sentence shall be appointed by the American Arbitration Association at the request of either Owner or Manager. 

(e) The arbitration shall be conducted in accordance with the then-existing Rules of Arbitration (the “Rules”) of the American Arbitration
Association. The arbitration shall take place in Dallas, Texas and be conducted in the English language. The Tribunal shall apply the substantive law of Texas (exclusive of choice of law principles) in resolving the Dispute. Issues relating to the
conduct of the arbitration and enforcement of any award shall be governed by the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention) and, to the extent applicable, the Federal Arbitration Act, 9 U.S.C.
§§ 1-16. The American Arbitration Association shall not serve as administrator of the arbitration; its sole function shall be to appoint arbitrators not appointed within the time limits as set forth in Section 11(d). 

(f) Any monetary award shall be in United States dollars. The award of the Tribunal shall be kept confidential, and no Party shall disclose the award or the
substance of the award or any portion thereof to any other person or entity, except to the extent necessary to comply with any applicable law, regulation, or order of any court, agency, or regulatory authority, or to make appropriate filings with
any stock exchange or in court proceedings relating to any application concerning the award that is made by any party; provided, however, that the award may be disclosed to any affiliate, shareholder, member, or lender of any Party to the
arbitration if such affiliate, shareholder, member, or lender agrees to maintain the confidentiality of the award to the extent required by this Section 11 (f). The arbitrator shall not have the authority to award punitive, special, exemplary,
incidental, indirect, or consequential damages, regardless of whether a claim is based on contract, tort (including negligence), strict liability, violation of any applicable deceptive trade practices act or similar law, or any other legal or
equitable principle. 
 (g) The award rendered and any arbitration commenced hereunder shall be final and binding upon the Parties, and a judgment thereon
may be entered in any court having jurisdiction for its enforcement 
 (h) The obligation to arbitrate under this Section 11 is binding on the Parties
and their affiliates, successors, and assigns. For purposes of appointing arbitrators, any Party and its affiliates, successors, and assigns shall jointly appoint such Party’s arbitrator. Each Party agrees that, failing mutual agreement In
accordance with Section 1l(b), arbitration under this Section 11 is the exclusive method for resolving any Dispute and that such Party and its affiliates will not commence any action or proceeding concerning a Dispute, except to enforce
the award or to compel arbitration. 

 12. No Partnership or General Agency. The relationship between the Parties is that of independent
contractors solely as set forth herein, and each Party shall be responsible only for its obligations as set forth herein. It is not the intention of the Parties to render the Parties liable as partners, associates, or joint venturers or to create a
partnership, joint venture or other association. The liability of the Parties hereunder to third parties shall be several and not joint or collective. Except as specifically otherwise provided herein or agreed in writing, Manager (i) is not an
agent or representative of Owner and (ii) shall not have, and shall not represent itself as having or allow any of its employees, officers, directors, agents, or representatives to represent that it or any of them has, any authority to commit
Owner by negotiation or otherwise to any contract, agreement., or other legal commitment in the name of, or otherwise binding on, Owner, or to pledge or extend its credit. Notwithstanding the above, Owner authorizes and appoints Manager, or any of
its affiliates, to act as servicer of any Asset owned by Owner, and authorizes Manager, or such affiliate, to perform, in accordance with any applicable Plan, such services and functions, including entering into negotiations with any third-party
borrower, lender, or agent, as may be desirable to be performed in connection with the resolution or settlement of any such asset. 
 13. Employees and
Independent Contractors. Manager shall be responsible for its employees and shall use reasonable care in selecting and supervising independent contractors. All matters pertaining to the employment, supervision, compensation, promotion, and
discharge of Manager’s employees are the responsibility of Manager, and Manager shall be liable to such employees for their compensation (in whatever form or amount such compensation may be). Owner shall never be the employer of such employees,
nor shall Owner ever be directly responsible for their compensation. Manager shall comply with all applicable laws and regulations relating to workmen’s compensation, social security, unemployment insurance, hours of labor, wages, working
conditions, and other employer-employee related matters. Manager shall be responsible for negotiating the terms of contracts with and overseeing the performance of contractors. 

14. Compliance with Laws. Manager shall comply with all applicable laws, including but not limited to the U.S. Foreign Corrupt Practices Act, in
connection with this Agreement. Without limiting the foregoing, Manager agrees not to pay or promise to pay or give or promise to give anything of value, either directly or indirectly, to any person for the purpose of illegally or improperly
inducing that person to take any action or to omit to take any action in connection with this Agreement. Manager warrants and represents to Owner that, prior to the execution of this Agreement; it has not taken or omitted to take any action with
respect to this Agreement if such act or omission would have violated the U.S. Foreign Corrupt Practices Act. 
 15. No Consequential Damages. Under
no circumstances, whether based on contract, warranty, negligence, strict liability, or otherwise, shall either Party be liable for any consequential, indirect, incidental; or punitive damages of any kind or character, including, but not limited to,
loss of profits or revenues, loss of product, loss of use, cost of capital, and the like, arising out of or related to any performance under or breach of this Agreement The Parties specifically acknowledge that the benefits each Party contemplates
deriving from the provisions of this Agreement reflect such allocation of risk and limitation of liabilities. 
 16. Exculpation. Manager and each of
its shareholders, consultants, agents, members, officers, directors, partners, and employees (collectively, “Covered Persons”) shall not be liable for any losses, claims, damages, or liabilities arising from any act performed or omitted by
any Covered Person in connection with this Agreement, except any such losses, claims, damages, or liabilities that are caused by the fraud, gross negligence, or willful misconduct of such Covered Person. 

 17. Indemnification. 

(a) Owner, to the fullest extent permitted by law, shall indemnify, defend, and hold harmless each Covered Person from and against any and all losses, claims,
damages, or liabilities of any nature whatsoever, including legal fees and other expenses reasonably incurred, arising out of or in connection with the management and disposition of the Assets, any duty of Manager hereunder, or any action taken or
omitted by any such Covered Person by or on behalf of Owner pursuant to authority granted by this Agreement, even if any such losses, claims, damages, or liabilities arc caused in whole or in part by the negligence of such Covered Person. This
indemnification does not apply to the extent any such losses, claims, damages, or liabilities are caused by the fraud, gross negligence, or willful misconduct of any Covered Person. In the event that any Covered Person becomes involved in any
capacity in any suit, action, proceeding, or investigation in connection with any matter arising out of or in connection with the management and disposition of the Assets, any duty of Manager hereunder, or any action taken or omitted by such Covered
Person pursuant to authority granted by this Agreement, Owner shall, within twenty (20) days after submission of a request for reimbursement, reimburse such Covered Person for its reasonable legal and other expenses (including the cost of any
investigation and preparation) incurred in connection therewith. (b) Promptly after a Covered Person receives notice of the commencement of any action or other proceeding in respect of which indemnification may be sought hereunder, such Covered
Person shall notify Owner thereof; provided, that the failure to do so shall not relieve Owner from any obligation hereunder unless, and only to the extent that, such failure results in Owner’s forfeiture of substantive rights or defenses. 

18. Further Assurances. Each Party agrees to execute and deliver such additional documents and to take such additional actions as may be necessary or
appropriate to effect the provisions of this Agreement and all transactions contemplated hereby. 
 19. Entire Agreement. This Agreement constitutes
the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior written or oral understandings or agreements between the Parties. 

20. Third-Party Beneficiaries. This Agreement is solely for the benefit of the Parties and, with respect to Sections 16 and 17, the Covered Persons, and
their respective successors and assigns, and this Agreement shall not otherwise be deemed to confer upon or give to any other third party any remedy, claim, liability, reimbursement, cause of action, or other right. 

21. Severability. If any provision of this Agreement is prohibited by applicable law, the Parties shall amend such provision to the extent (and only to
the extent) necessary to comply with such law. Subject to the preceding sentence, if any provision of this Agreement or the application thereof to either Party or circumstance shall be held invalid or unenforceable to any extent, the remainder of
this Agreement and the application of such provision to other parties or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 

22. Notices. All notices, requests, and demands to or upon the respective Parties and the Fund hereto shall be effective in writing (including by
facsimile, telex, or cable communication) and shall be deemed to have been duly given or made when delivered by hand, in the case of facsimile, telex, or cable communication upon being sent (provided that, in the case of facsimile and telex
communications, electronic confirmation of delivery of such communication is received by the Party upon sending such communication), two (2) days after having been deposited with a reputable international overnight courier service, or, if sent
within the United States, three (3) days after being deposited in the United States mail, certified or registered, postage prepaid. Notices shall be sent to the following addresses or such other address as may be substituted by giving the other
Party and the Fund, as applicable, not fewer than five (5) days’ advance written notice of such change of address: 

 If to Owner, to: 

BI-LO, LLC 
 211 BI-LO Boulevard 

Greenville, South Carolina 29607 
 Attention: Kenneth Jones 

Fax: (864) 234-6999 
 If to Manager to: 

HUDSON AMERICAS LLC 
 2711 N. Haskell, Suite 1800 

Dallas, Texas, 75204 
 Attention: President 

Fax: (214) 754-8301 
 If to the Fund: 

Lone Star Fund V (U.S.), L.P. 
 2711 N. Haskell, Suite 1700 

Dallas, Texas 75204 
 Attention: General Partner 

Fax: 214-754-8302 
 23. Amendment. An amendment or
modification of this Agreement shall be effective or binding on a Party only if it is in writing and signed by that Party. 
 24. Survival. Any
provision that, by its nature, is intended to survive the termination of this Agreement shall survive such termination. 
 25. Waiver. Any waiver,
express or implied, by a Party of any right under this Agreement or of any breach by the other Party shall not constitute or be deemed a waiver of any other right or any other breach, whether of a similar or dissimilar nature to the right or breach
being waived. A waiver of a Party’s rights under this Agreement, including with respect to another party’s breach, shall be effective only if that Party agrees in writing. 

26. Heading. The headings contained in this Agreement is for convenience only and shall not affect the construction or interpretation of any provisions
of this Agreement 
 27. Binding Effect. Subject to the restrictions on assignment set forth in this Agreement, this Agreement shall inure to the
benefit of and be binding upon the undersigned Parties and their respective legal representatives, successors, and permitted assigns. Whenever this Agreement refers to any Party, such reference shall be deemed to include the legal representatives,
successors, and permitted assigns of such Party. 
 28. Intention of Parties to Act Reasonably. Owner and Manager hereby acknowledge and agree that
they will act reasonably in implementing the provisions of this Agreement and in the management and disposition of the Assets. 

 29. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which shall constitute but one agreement. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the Parties have caused their duly authorized representatives to execute and
deliver this Agreement effective as of the Effective Date. 
  

			
	 HUDSON AMERICAS LLC,
 a Delaware
limited liability company

		
	By:	 	/s/ Jennifer Lamprecht
	Name:	 	Jennifer Lamprecht
	Title:	 	Director
	
	 BI-LO, LLC,
 a Delaware limited
liability company

		
	By:	 	/s/ Kenneth E. Jones
	Name:	 	Kenneth E. Jones
	Title:	 	Sr. VP Finance & Treasurer
	
	LONE STAR FUND V (U.S.), L.P., a Delaware limited partnership, hereby joins in the execution of this Agreement to evidence its agreement to the provisions of Section 7(a) hereof.
	
	 LONE STAR FUND V (U.S.), L.P.,
 a
Delaware limited partnership

 
			
		
	By:	 	Lone Star Partners V, L.P., its general partner
		
	By:	 	Lone Star Management Co. V, Ltd., its general partner

 
			
		
	By:	 	/s/ Marc L. Lipshy
	Name:	 	Marc L. Lipshy
	Title:	 	Vice President

 SCHEDULE 1 

ASSETS 
 BG CARDS, LLC* 

ARP BALLENTINE LLC 
 ARP CHICKAMAUGA LLC 

ARP HARTSVILLE LLC 
 ARP JAMES ISLAND LLC 

ARP MOONVILLE LLC 
 ARP MORGANTON LLC 

ARP WINSTON SALEM LLC 
 BI-LO Finance Corp. 

 

	*	all membership interests are owned by BI-LO Holding, LLC, the sole member of Owner

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