Document:

EX-4.2

 Exhibit 4.2 
  

 
 REGISTRATION RIGHTS AGREEMENT 

by and among 
 ALBERTSONS
COMPANIES, INC. 
 and 
 the
other parties hereto 
 Dated as of                , 2020

  
  

 TABLE OF CONTENTS 

 

							
	ARTICLE I DEFINITIONS	  	 	1	 
			
	 Section 1.1
	 	Certain Definitions	  	 	1	 
	 Section 1.2
	 	 Other Definitional Provisions; Interpretation
	  	 	5	 
		
	ARTICLE II REGISTRATION RIGHTS	  	 	6	 
			
	 Section 2.1
	 	Right to Demand a Non-Shelf Registered Offering	  	 	6	 
	 Section 2.2
	 	 Right to Piggyback on a Non-Shelf Registered
Offering
	  	 	6	 
	 Section 2.3
	 	 Right to Demand and be Included in a Shelf Registration
	  	 	6	 
	 Section 2.4
	 	 Demand and Piggyback Rights for Shelf Takedowns
	  	 	7	 
	 Section 2.5
	 	 Right to Reload a Shelf
	  	 	7	 
	 Section 2.6
	 	 Limitations on Demand and Piggyback Rights
	  	 	7	 
	 Section 2.7
	 	 Notifications Regarding Registration Statements
	  	 	8	 
	 Section 2.8
	 	 Notifications From the Company
	  	 	8	 
	 Section 2.9
	 	 Plan of Distribution, Underwriters and Counsel
	  	 	9	 
	 Section 2.10
	 	 Cutbacks
	  	 	9	 
	 Section 2.11
	 	 Lock-Ups
	  	 	10	 
	 Section 2.12
	 	 Expenses
	  	 	11	 
	 Section 2.13
	 	 Facilitating Registrations and Offerings
	  	 	11	 
		
	ARTICLE III INDEMNIFICATION	  	 	15	 
			
	 Section 3.1
	 	Indemnification by the Company	  	 	15	 
	 Section 3.2
	 	 Indemnification by the Holders and Underwriters
	  	 	16	 
	 Section 3.3
	 	 Notices of Claims, Etc.
	  	 	16	 
	 Section 3.4
	 	 Contribution
	  	 	17	 
	 Section 3.5
	 	 Non-Exclusivity
	  	 	17	 

  
 - i - 

							
	ARTICLE IV OTHER	  	 	17	 
			
	 Section 4.1
	 	Notices	  	 	18	 
	 Section 4.2
	 	 Assignment
	  	 	20	 
	 Section 4.3
	 	 Amendments; Waiver
	  	 	20	 
	 Section 4.4
	 	 Term
	  	 	21	 
	 Section 4.5
	 	 Third Parties
	  	 	21	 
	 Section 4.6
	 	 Rule 144
	  	 	21	 
	 Section 4.7
	 	 In-Kind Distributions
	  	 	21	 
	 Section 4.8
	 	 Governing Law
	  	 	21	 
	 Section 4.9
	 	 CONSENT TO JURISDICTION
	  	 	22	 
	 Section 4.10
	 	 MUTUAL WAIVER OF JURY TRIAL
	  	 	22	 
	 Section 4.11
	 	 Specific Performance
	  	 	22	 
	 Section 4.12
	 	 Entire Agreement
	  	 	22	 
	 Section 4.13
	 	 Severability
	  	 	22	 
	 Section 4.14
	 	 Counterparts
	  	 	23	 
	 Section 4.15
	 	 Effectiveness
	  	 	23	 

  
 - ii - 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is dated as
of                , 2020 and is by and among Albertsons Companies, Inc. (the “Company”), Cerberus, Colony Financial, Kimco, Klaff, Lubert-Adler,
Schottenstein and the Individual Stockholders (each as defined below). 
 BACKGROUND 

WHEREAS, the Company, Albertsons Investor Holdings LLC (“AIH”) and KIM ACI LLC (“KIM ACI”) were party to that certain
Stockholders’ Agreement, dated as of December 3, 2017, pursuant to which the Company granted registration rights to AIH, KIM ACI and distributees of shares of Common Stock, from AIH and KIM ACI (the “Stockholders Agreement”);

 WHEREAS, the Company has filed that certain Registration Statement under the Securities Act on Form
S-1 with the SEC, providing for the registration with the SEC of the sale of Common Stock by certain holders of Common Stock, including parties to this Agreement, which the SEC has declared effective
on                , 2020 (the “ACI IPO”); 

WHEREAS, in connection with the ACI IPO, each of AIH and KIM ACI have distributed to its equityholders shares of Common Stock owned by AIH and
KIM (the “Distribution”); 
 WHEREAS, in connection with the Distribution and the ACI IPO, the Company, AIH and KIM ACI have
terminated the Stockholders Agreement, and any registration rights contained therein are of no further force or effect; 
 WHEREAS, the
Company now desires to grant registration rights to Cerberus, Colony Financial, Kimco, Klaff, Lubert-Adler, Schottenstein and the Individual Stockholders, who each own Common Stock after the ACI IPO and the Distribution, on the terms and conditions
set out in this Agreement. 
 NOW, THEREFORE, the parties agree as follows: 

ARTICLE I 
 DEFINITIONS 

Section 1.1 Certain Definitions. As used in this Agreement: 

“ACI IPO” has the meaning set forth in the recitals. 

“Affiliate” has the meaning ascribed thereto in Rule 12b-2 promulgated under the
Exchange Act, as in effect on the date hereof. 
 “Agreement” has the meaning set forth in the preamble. 

 “Board” means the board of directors of the Company. 

“Business Day” means a day other than a Saturday, Sunday, federal or New York State holiday or other day on which commercial
banks in New York City are authorized or required by law to close. 
 “Cerberus” means the entities listed on the signature
pages hereto under the heading “Cerberus”. 
 “Cerberus Entities” means the entities comprising Cerberus, their
respective Affiliates and the successors and permitted assigns of the entities and their respective Affiliates. 
 “Colony
Financial” means the entities listed on the signature pages hereto under the heading “Colony Financial”. 

“Colony Financial Entities” means the entities comprising Colony Financial, their respective Affiliates and the successors
and permitted assigns of the entities and their respective Affiliates. 
 “Company” has the meaning set forth in the
preamble, including any of its successors by merger, acquisition, reorganization, conversion or otherwise. 
 “Company Lock-Up” means those certain Lock-Up Agreements, dated the date hereof, by and among the Company and the respective Holders listed thereto. 

“Common Stock” means the shares of common stock, par value $0.01 per share, of the Company, and any other capital stock of
the Company into which such common stock is reclassified or reconstituted. 
 “Demand Holders” means the Cerberus Entities,
the Colony Financial Entities, the Kimco Entities, the Klaff Entities, the Lubert-Adler Entities and the Schottenstein Entities. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder, as the same may be amended from time to time. 
 “FINRA” means Financial Industry Regulatory Authority, Inc. or
any successor thereto. 
 “Governmental Authority” means any nation or government, any state or other political subdivision
thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Holder” means each member of Cerberus, Colony Financial, Kimco, Klaff, Lubert-Adler, Schottenstein and each Individual
Stockholder that is a holder of Registrable Securities or securities exercisable, exchangeable or convertible into Registrable Securities or any Transferee of such Person to whom registration rights are assigned pursuant to Section 4.2. 

  
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 “Indemnified Party” and “Indemnified Parties” have the
meanings set forth in Section 3.1. 
 “Individual Stockholder” means those stockholders of the Company who are
identified as Individual Stockholders on Schedule A hereto or any Transferee of such Person to whom registration rights are assigned pursuant to Section 4.2. 

“Kimco” means the entities listed on the signature pages hereto under the heading “Kimco”. 

“Kimco Entities” means the entities comprising Kimco, their respective Affiliates and the successors and permitted assigns of
the entities and their respective Affiliates. 
 “Klaff” means the entities listed on the signature pages hereto under the
heading “Klaff”. 
 “Klaff Entities” means the entities comprising Klaff, their respective Affiliates and the
successors and permitted assigns of the entities and their respective Affiliates. 
 “Law” means any statute, law,
regulation, ordinance, rule, injunction, order, decree, governmental approval, directive, requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the
foregoing by, any Governmental Authority. 
 “Lock-Up” means any agreement pursuant
to which a Holder agrees to limitations relating to the transfer of any Registrable Securities, including any agreement entered into with the Company, including pursuant to Section 2.11 hereof, or with any underwriters in connection with any
underwritten offering. 
 “Lock-Up Period” means, with respect to any Lock-Up, the period during which the restrictions of such Lock-Up are in effect. 

“Lubert-Adler” means the entities listed on the signature pages hereto under the heading “Lubert-Adler”. 

“Lubert-Adler Entities” means the entities comprising Lubert-Adler, their respective Affiliates and the successors and
permitted assigns of the entities and their respective Affiliates. 
 “Person” means an individual, a partnership, a
corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, a cooperative, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under
applicable Law, or any Governmental Authority or any department, agency or political subdivision thereof. 
 “Post-IPO Total Outstanding Common Stock” means all of the shares of Common Stock outstanding as of immediately after the closing of the ACI IPO and after giving effect to

  
 3 

 
any repurchase of Common Stock by the Company with the proceeds from the offering of preferred stock of the Company concurrent with the ACI IPO. 

“Registrable Securities” means all shares of Common Stock acquired prior to, on or after the date of closing of the ACI IPO,
and any securities into which such Common Stock may be converted or exchanged pursuant to any merger, consolidation, sale of all or any part of its assets, corporate conversion or other extraordinary transaction of the Company, that are in each case
held by a Holder (including any such securities received by a Holder upon the conversion or exchange of, or pursuant to a transaction with respect to, such Common Stock or other securities). As to any Registrable Securities, such Securities will
cease to be Registrable Securities when: 
 (a) a registration statement covering such Registrable Securities has been
declared effective and such Registrable Securities have been disposed of pursuant to such effective registration statement; 

(b) such Registrable Securities shall have been sold pursuant to Rule 144 or 145 (or any similar provision then in effect)
under the Securities Act; 
 (c) such Registrable Securities are eligible to be resold without regard to the volume or public
information requirements of Rule 144 and the resale of such Registrable Securities is not prohibited by the Company Lock-Up; or 

(d) such Registrable Securities cease to be outstanding. 

“Registration Expenses” means any and all expenses incurred in connection with the Company’s performance of or
compliance with this Agreement, including: 
 (a) all SEC, stock exchange, or FINRA registration and filing fees; 

(b) all fees and expenses of complying with securities or blue sky Laws (including fees and disbursements of one counsel for
the underwriters in connection with blue sky qualifications of the Registrable Securities); 
 (c) all printing, messenger
and delivery expenses; 
 (d) all fees and expenses incurred in connection with the listing of the Registrable Securities on
any securities exchange or FINRA; 
 (e) the fees and disbursements of counsel for the Company and of its independent public
accountants, including the expenses of any special audits and/or “cold comfort” letters required by or incident to such performance and compliance; 

(f) any fees and disbursements of counsel (including the fees and disbursements of one separate outside counsel for each Demand
Holder up to a cap of $                 for each such outside counsel and one counsel for all other Holders, but except as set forth in (b) above, not including any
counsel fees of any underwriters) incurred in 

  
 4 

 
connection with any registration statement or registered offering covering Registrable Securities held by the Holders; 

(g) the costs and expenses of the Company relating to analyst and investor presentations or any “road show”
undertaken in connection with the registration and/or marketing of the Registrable Securities; and 
 (h) any other fees and
disbursements customarily paid by the issuers of securities, but not including (i) any other expenses of the Holders, except as set forth in (f) above, or (ii) any underwriting discounts and commissions and transfer taxes, if any.

 “Schottenstein” means the entities listed on the signature pages hereto under the heading “Schottenstein”.

 “Schottenstein Entities” means the entities comprising Schottenstein, their respective Affiliates and the successors and
permitted assigns of the entities and their respective Affiliates. 
 “SEC” means the U.S. Securities and Exchange
Commission or any successor agency. 
 “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules
and regulations promulgated thereunder, as the same may be amended from time to time. 
 “Transfer” (including its
correlative meanings, “Transferor”, “Transferee” and “Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge,
encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other
rights in or to such security. When used as a noun, “Transfer” shall have such correlative meaning as the context may require. 

Section 1.2 Other Definitional Provisions; Interpretation. 

(a) The words “hereof,” “herein,” and “hereunder” and words of similar import when used in this
Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement, and references in this Agreement to a designated “Article” or “Section” refer to an Article or Section of this Agreement unless
otherwise specified. 
 (b) The headings in this Agreement are included for convenience of reference only and do not limit or
otherwise affect the meaning or interpretation of this Agreement. 
 (c) The meanings given to terms defined herein are
equally applicable to both the singular and plural forms of such terms. 

  
 5 

 ARTICLE II 

REGISTRATION RIGHTS 

Section 2.1 Right to Demand a Non-Shelf Registered Offering. Following the six month
anniversary of the date of closing of the ACI IPO, and so long as the Company is not eligible to use Form S-3, upon the demand of one or more Demand Holders (subject to any applicable Lock-Up Period), the Company will facilitate in the manner described in this Agreement a non-shelf registered offering of the Registrable Securities requested by such Demand
Holders to be included in such offering. Any demanded non-shelf registered offering may, at the Company’s option, include (i) shares to be sold by the Company for its own account, (ii) shares
owned by officers or directors of the Company or other Holders who have contractual rights to be included therein, and (iii) shares to be sold by Holders that exercise their related piggyback rights on a timely basis in accordance with
Section 2.2. Notwithstanding the foregoing, Demand Holders may not demand a non-shelf registered offering unless (i) (a) the amount of Registrable Securities requested to be sold by the demanding
Holders in such offering is equal to at least five percent (5%) of the total amount of Post-IPO Total Outstanding Common Stock, or (b) such request includes all of the remaining Registrable Securities
held by such Demand Holders, and (ii) the Holders of a majority of the outstanding Registrable Securities consent in writing to such demand for a non-shelf registered offering. 

Section 2.2 Right to Piggyback on a Non-Shelf Registered Offering. In connection with any
registered offering of Common Stock covered by a non-shelf registration statement (whether pursuant to the exercise of demand rights or at the initiative of the Company), any
non-demanding Holders may exercise piggyback rights to have included in such offering Registrable Securities held by them (subject to any applicable Lock-Up). The
Company will facilitate in the manner described in this Agreement any such non-shelf registered offering. For the avoidance of doubt, if one or more Demand Holders exercise the demand set forth in
Section 2.1, each Holder (including such Demand Holders) shall have the right to sell shares in the offering on a “pro rata” basis with “pro rata” being determined by dividing the number of Registrable Securities held or
beneficially owned by a Holder (including such Demand Holder) as of the date of this Agreement by the number of Registrable Securities held or beneficially owned by all Holders as of such date. 

Section 2.3 Right to Demand and be Included in a Shelf Registration. Without limiting any obligation under a Lock-Up, upon the demand of one or more Demand Holders, made at any time and from time to time when the Company is eligible to utilize Form S-3 or a successor form to sell the
Registrable Securities on a delayed or continuous basis in accordance with Rule 415 under the Securities Act, the Company will facilitate in the manner described in this Agreement a shelf registration of Registrable Securities held by the Holders.
Any shelf registration filed by the Company covering shares (whether pursuant to a Demand Holder’s demand or the initiative of the Company) will cover Registrable Securities held by each of the Holders up to the highest common percentage of
their Registrable Securities, which highest common percentage will be agreed upon by the Demand Holders taking into account any advice of any potential underwriters, after consultation with the Company, to limit the number shares included in such
shelf registration. Any such shelf registration statement will cover only such 

  
 6 

 
number of Registrable Securities of each Holder that is permitted to be sold under any Lock-Ups applicable to such Holder. 

Section 2.4 Demand and Piggyback Rights for Shelf Takedowns. Upon the demand of one or more of the Demand Holders made at any time
and from time to time, the Company will facilitate in the manner described in this Agreement a “takedown” of shares off of an effective shelf registration statement. In connection with any underwritten shelf takedown (whether pursuant to
the exercise of such demand rights or at the initiative of the Company), the Holders may exercise piggyback rights to have included in such takedown shares held by them that are registered on such shelf. Notwithstanding the foregoing, Demand Holders
may not demand a shelf takedown for an underwritten offering (including block-trades and overnight transactions) unless (i) the amount of Registrable Securities requested to be sold by the demanding Demand Holders in such transaction is equal
to at least five percent (5%) of the total amount of Post-IPO Total Outstanding Common Stock or (ii) such request includes all of the remaining Registrable Securities included in such shelf registration
statement held by such demanding Holders. 
 Section 2.5 Right to Reload a Shelf. Upon the written request of a Demand Holder,
the Company will file and seek the effectiveness of a post-effective amendment to an existing shelf in order to register up to the number of Registrable Securities previously taken down off of such shelf by such Holder and not yet
“reloaded” onto such shelf. The Demand Holders and the Company will consult and coordinate with each other in order to accomplish such replenishments from time to time in a sensible manner. Any such shelf registration statement will cover
only such number of Registrable Securities of each Holder that is permitted to be sold under any Lock-Ups applicable to such Holder. 

Section 2.6 Limitations on Demand and Piggyback Rights. 

(a) Notwithstanding anything in this Agreement to the contrary, the first two demands, whether a
non-shelf offering or an underwritten takedown, must be for underwritten, marketed, registered offerings only. 

(b) Any demand for the filing of a registration statement or for a registered offering or takedown will be subject to the
constraints of any applicable Lock-Ups, and such demand must be deferred until such constraints no longer apply. If a demand has been made for a non-shelf registered
offering or for an underwritten takedown, no further demands may be made so long as the related offering is still being pursued. Each Demand Holder other than the Colony Financial Entities shall be permitted a maximum of an aggregate of three
demands for underwritten offerings pursuant to Section 2.1 or Section 2.4, and the Colony Financial Entities shall be permitted a maximum of an aggregate of one demand for an underwritten offering pursuant to Section 2.1 or
Section 2.4. Demand Holders are permitted to make joint demands and aggregate the number of Registrable Securities set forth in their requests so as to meet the minimum requested ownership thresholds set forth in Sections 2.1 and 2.4. 

(c) Notwithstanding anything in this Agreement to the contrary, the Company shall not be required to effect more than one
demand registration in any 30-day 

  
 7 

 
period (with such 30-day period commencing on the closing date of any underwritten offering pursuant to a preceding demand registration). 

(d) Notwithstanding anything in this Agreement to the contrary, the Holders will not have piggyback or other registration
rights with respect to registered primary offerings by the Company (i) covered by a Form S-4 or a Form S-8 registration statement or a successor form,
(ii) where the shares of Common Stock are not being sold for cash or (iii) where the offering is a bona fide offering of securities other than shares of Common Stock, even if such securities are convertible into or exchangeable or
exercisable for shares of Common Stock. 
 (e) The Company may postpone the filing or the effectiveness of a demand
registration, including an underwritten shelf takedown, if, based on the good faith judgment of the Company, upon consultation with outside counsel, such filing, the effectiveness of a demand registration, or the consummation of an underwritten
shelf takedown, as the case may be, would (i) reasonably be expected to materially impede, delay, interfere with or otherwise have a material adverse effect on any material acquisition of assets (other than in the ordinary course of business),
merger, consolidation, tender offer, financing or any other material business transaction by the Company or any of its subsidiaries or (ii) require disclosure of information that has not been, and is otherwise not required to be, disclosed to
the public, the premature disclosure of which the Company, after consultation with outside counsel to the Company, believes would be detrimental the Company, provided that the Company shall not be permitted to impose any such blackout period
more than two times in any 12-month period and provided further that any such delay shall not be more than an aggregate of 120 days in any 12-month period. 

Section 2.7 Notifications Regarding Registration Statements. In order for one or more Holders to exercise their right to demand
that a registration statement be filed, they must so notify the Company in writing indicating the number of Registrable Securities sought to be registered, the proposed plan of distribution and the requested filing date of the registration statement
or pricing date of any requested underwritten offering. The Company will keep the Holders reasonably apprised of any registration of Common Stock, whether pursuant to a Holder demand or otherwise, with respect to which a piggyback opportunity is
available, or any shelf takedown. Pending any required public disclosure and subject to applicable legal requirements, the parties will maintain the confidentiality of these discussions. 

Section 2.8 Notifications From the Company.  

(a) If the Company at any time proposes or is required to register any Common Stock under the Securities Act on its behalf or
on behalf of any of its stockholders, including pursuant to an underwritten shelf takedown, whether or not on behalf of Demand Holders exercising a demand under this Agreement, on a form and in a manner that would permit registration of the
Registrable Securities, the Company shall give each Holder written notice of its intent to do so not less than 15 days prior to the contemplated filing date for the relevant registration statement or prospectus supplement (provided that, in the case
of a block trade or overnight transaction pursuant to an existing 

  
 8 

 
shelf registration statement, the Company shall notify each Holder as soon as reasonably possible and no later than two days prior to such filing date). 

(b) Any Holder wishing to exercise its piggyback rights must notify the Company of the number of Registrable Securities it
wishes to include in such offering. Such notice must be given as soon as practicable, but in no event later than 5:00 pm, New York City time, on (i) if applicable, the fifth trading day prior to the date on which the preliminary prospectus or
prospectus supplement intended to be used in connection with marketing efforts for the relevant offering is expected to be finalized, and (ii) in all cases, the fifth trading day prior to the date on which the pricing of the relevant takedown
occurs; provided that in the case of a block-trade or an overnight transaction, such written requests for inclusion must be received within one day after the date such Company notice is provided. 

(c) Pending any required public disclosure and subject to applicable legal requirements, the parties will maintain appropriate
confidentiality of their discussions regarding a prospective underwritten takedown. 
 Section 2.9 Plan of Distribution,
Underwriters and Counsel. 
 (a) Non-Shelf Registered Offerings. Each
underwritten offering through a non-shelf registration statement or through an underwritten marketed shelf takedown will have at least two active joint book-runners, one selected by the Demand Holder or Demand
Holders, and the other chosen by the Company, in each case, reasonably acceptable to the other party. Such Demand Holder or Demand Holders will also be entitled to select one counsel for the selling Holders (which may be the same as counsel for the
Company). 
 (b) Shelf Registration Statements. Each shelf registration statement, or a prospectus supplement relating
to such shelf registration statement, shall include a plan of distribution that provides as much flexibility as is reasonably possible, including with respect to resales by transferee Holders. 

(c) Block-Trade or Overnight Transactions. To the extent that an Registrable Securities are permitted to be sold in a
block-trade or overnight transaction, the relevant Demand Holder or Demand Holders may select the underwriter and determine the plan of distribution. 

Section 2.10 Cutbacks. If the managing underwriters advise the Company and the selling Holders that, in their opinion, the number
of shares of Common Stock requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution (including the price) of the shares of Common Stock being offered, such
offering will include only the number of shares of Common Stock that the underwriters advise can be sold in such offering. 

(a) In the case of an offering pursuant to a demand from one or more Demand Holders, the Registrable Securities to be included
in such offering will be reduced by (i) only including the total number of Registrable Securities of the Holders in 

  
 9 

 
such offering as can be included with each such Holder entitled to include its pro rata share (determined in accordance with Section 2.2), (ii) second, to the extent that all Registrable
Securities being sold for the account of the Holders can be included, then if the Company elects to sell shares in the offering, only including the total number of shares to be offered by the Company as can be included (in addition to all such
Registrable Securities being sold for the account of the Holders) and (iii) third, if all shares being sold for the account of the Holders and the Company can be included, any other shares held by stockholders other than the Holders entitled to
be included therein. 
 (b) In the case of an offering not pursuant to a demand from one or more Demand Holders, the
Registrable Securities to be included in such offering will be reduced by (i) first only including any shares of Common Stock being sold for the account of the Company, (ii) second, to the extent that all shares of Common Stock being sold
for the account of the Company can be included, then only including the total number of Registrable Securities of the Holders in such offering as can be included (in addition to any such shares of Common Stock being sold for the account of the
Company) with each such Holder entitled to include its pro rata share (determined in accordance with Section 2.2), or such other share as the Holders agree and (iii) third, if all shares of Common Stock being sold for the account of the
Company and the Holders can be included, any other shares of Common Stock held by stockholders other than the Holders entitled to be included therein. 

Section 2.11 Lock-Ups. 

(a) In connection with any demanded underwritten offering of shares of Common Stock pursuant to this Agreement, the Company,
and its directors and executive officers will agree (whether or not such party is participating in the offering) to be bound by the Lock-Up restrictions (i) set forth in the underwriting agreement, with
respect to the Company, and (ii) agreed to with the underwriters in such offering, with respect to the directors and executive officers of the Company (which shall be up to 90 days in connection with the first two underwritten demand offerings,
and up to 45 days in connection with the third underwritten demand and thereafter, in each case, from the pricing date of such offering). The Lock-Ups for Company directors and executive officers shall contain
customary carve-outs, including, but not limited to, sales pursuant to Rule 10b5-1 plans entered into before any notice of such underwritten offering, sales in connection with the payment of taxes and sales of
Common Stock underlying expiring options or similar securities within six months of the date of such Lock-Up. In the event a Form 4 needs to be filed as a result of such transaction, notice shall be provided
to the managing underwriters. 
 (b) In connection with any primary underwritten offering of shares of Common Stock at the
initiation of the Company or a secondary offering pursuant to this Agreement, each Holder will enter into a customary lock-up agreement with the underwriters of any such offering, which lock-up agreements shall not be materially more restrictive than the lock-up agreements entered into by the Company directors and executive officers in such offering and, in
any event, under which the lock-up period shall not exceed (i) 90 days in the case of a marketed underwritten offering in connection with 

  
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or prior to the second offering pursuant to a demand from one or more Demand Holders and (ii) 45 days otherwise. 

(c) In connection with any secondary underwritten offering of shares of Common Stock other than pursuant to this Agreement,
each Holder that “beneficially owns” (as such term is defined under the Exchange Act) five percent (5%) or more of the outstanding Common Stock will enter into a customary lock-up agreement with the
underwriters of any such offering, which lock-up agreements shall not be materially more restrictive than the lock-up agreements entered into by the Company directors
and executive officers in such offering and, in any event, under which the lock-up period shall not exceed 30 days. 

Section 2.12 Expenses. All Registration Expenses incurred in connection with any registration statement or registered offering
covering Registrable Securities held by Holders will be borne by the Company, including the reasonable and documented fees and expenses of one counsel for each Demand Holder up to a cap of
$                 for each such outside counsel and one counsel for all other participating Holders in an underwritten offering. However, underwriters’,
brokers’ and dealers’ discounts and commissions applicable to Registrable Securities sold for the account of a Holder will be borne by such Holder. Notwithstanding anything to the contrary in this Section 2.12, if a Demand Holder
withdraws its demand, the Company shall not be required to pay the Registration Expenses unless such withdrawal counts as one of the three available demands. 

Section 2.13 Facilitating Registrations and Offerings. 

(a) If the Company becomes obligated under this Agreement to facilitate a registration and offering of Registrable Securities
on behalf of Holders, the Company will fulfill its specific obligations as described in this Section 2.13. 
 (b) In
connection with each registration statement that is demanded by Holders or as to which piggyback rights otherwise apply, the Company will use its reasonable best efforts to: 

(i) prepare and file with the SEC a registration statement covering the applicable Registrable Securities, file amendments
thereto as warranted, seek the effectiveness thereof, and file with the SEC prospectuses and prospectus supplements as may be required, all in consultation with the Holders and as reasonably necessary in order to permit the offer and sale of such
Registrable Securities in accordance with the applicable plan of distribution; 
 (ii) within a reasonable time prior to the
filing of any registration statement, any prospectus, any amendment (other than Exchange Act filings incorporated by reference and unrelated to the offering) to a registration statement, amendment or supplement to a prospectus or any free writing
prospectus, provide copies of such documents to the selling Holders and to the underwriter or underwriters of an underwritten offering, if applicable, and to their respective counsel; reasonably consider such reasonable changes in any such

  
 11 

 
documents prior to or after the filing thereof as the counsel to the Holders or the underwriter or the underwriters may request; and make such of the representatives of the Company as shall be
reasonably requested by counsel for the selling Holders or any underwriter available for discussion of such documents; 

(iii) within a reasonable time prior to the filing of any document which is to be incorporated by reference into a registration
statement or a prospectus (other than Exchange Act filings incorporated by reference and unrelated to the offering), provide copies of such document to counsel for the Holders and underwriters; reasonably consider such reasonable changes in such
document prior to or after the filing thereof as counsel for such Holders or such underwriter shall request; and make such of the representatives of the Company as shall be reasonably requested by such counsel available for discussion of such
document; 
 (iv) cause each registration statement and the related prospectus and any amendment or supplement thereto, as of
the effective date of such registration statement, amendment or supplement and during the distribution of the registered shares (x) to comply in all material respects with the requirements of the Securities Act and the rules and regulations of
the SEC and (y) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; 

(v) notify each Holder promptly, and, if requested by such Holder, confirm such advice in writing, (A) when a registration
statement has become effective and when any post-effective amendments and supplements thereto become effective if such registration statement or post-effective amendment is not automatically effective upon filing pursuant to Rule 462 of the
Securities Act, (B) of the issuance by the SEC or any state securities authority of any stop order, injunction or other order or requirement suspending the effectiveness of a registration statement or the initiation of any proceedings for that
purpose, (C) if, between the effective date of a registration statement and the closing of any sale of securities covered thereby pursuant to any agreement to which the Company is a party, the representations and warranties of the Company
contained in such agreement cease to be true and correct in all material respects or if the Company receives any notification with respect to the suspension of the qualification of the securities for sale in any jurisdiction or the initiation of any
proceeding for such purpose, and (D) of the happening of any event during the period a registration statement is effective as a result of which such registration statement or the related Prospectus contains any untrue statement of a material
fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading; 

(vi) furnish counsel for each underwriter, if any, and one counsel for the Holders copies of any correspondence with the SEC or
any state securities authority relating to the registration statement or prospectus; 

  
 12 

 (vii) comply with all applicable rules and regulations of the SEC, including
making available to its security holders an earnings statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar provision then in force); and 

(viii) obtain the withdrawal of any order suspending the effectiveness of a registration statement at the earliest possible
time. 
 (c) In connection with any non-shelf registered offering or shelf takedown
that is demanded by Holders or as to which piggyback rights otherwise apply, the Company will: 
 (i) reasonably cooperate
with the selling Holders and the sole underwriter or managing underwriter of an underwritten offering, if any, to facilitate the timely preparation and delivery of certificates representing the shares to be sold, if any, and not bearing any
restrictive legends; and enable such shares to be in such denominations (consistent with the provisions of the governing documents thereof) and registered in such names as the selling Holders or the sole underwriter or managing underwriter of an
underwritten offering of shares, if any, may reasonably request at least five days prior to any sale of such shares; 
 (ii)
furnish to each Holder and to each underwriter, if any, participating in the relevant offering, without charge, as many copies of the applicable prospectus, including each preliminary prospectus, and any amendment or supplement thereto and such
other documents as such Holder or underwriter may reasonably request in order to facilitate the public sale or other disposition of the shares of Common Stock; the Company hereby consents to the use of the prospectus, including each preliminary
prospectus, by each such Holder and underwriter in connection with the offering and sale of the shares of Common Stock covered by the prospectus or the preliminary prospectus; 

(iii) use reasonable best efforts to register or qualify the shares of Common Stock being offered and sold, no later than the
time the applicable registration statement becomes effective, under all applicable state securities or “blue sky” laws of such jurisdictions as each underwriter, if any, or any Holder holding Registrable Securities covered by a
registration statement, shall reasonably request; use reasonable best efforts to keep each such registration or qualification effective during the period such registration statement is required to be kept effective; and do any and all other acts and
things which may be reasonably necessary or advisable to enable each such underwriter, if any, and each such Holder to consummate the disposition in each such jurisdiction of such Registrable Securities owned by such Holder; provided, however, that
in each case under this paragraph (iii), the Company shall not be obligated to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to consent to be subject to general service of
process (other than 

  
 13 

 
service of process in connection with such registration or qualification or any sale of shares in connection therewith) in any such jurisdiction; 

(iv) cause all shares of Common Stock being sold to be qualified for inclusion in or listed on the New York Stock Exchange or
the primary securities exchange on which shares issued by the Company are then so qualified; 
 (v) reasonably cooperate and
assist in any filings required to be made with FINRA and in the performance of any due diligence investigation by any underwriter in an underwritten offering; 

(vi) use reasonable best efforts to facilitate the distribution and sale of any Registrable Securities to be offered pursuant
to this Agreement, including without limitation by making road show presentations, holding meetings with potential investors and taking such other actions as shall be reasonably requested by the Holders or the lead managing underwriter of an
underwritten offering; and 
 (vii) enter into customary agreements (including, in the case of an underwritten offering,
underwriting agreements in customary form, and including provisions with respect to indemnification and contribution in customary form and consistent with the provisions relating to indemnification and contribution contained herein) and take all
other customary and appropriate actions in order to expedite or facilitate the disposition of such shares and in connection therewith: 

(A) make such representations and warranties to the selling Holders and the underwriters, if any, in form, substance and scope
as are customarily made by issuers to underwriters in similar underwritten offerings; 
 (B) obtain opinions of counsel to
the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the lead managing underwriter, if any) addressed to the underwriters, if any, covering the matters customarily covered in
opinions requested in sales of securities or underwritten offerings and such other matters as may be reasonably requested by such underwriters; 

(C) obtain “cold comfort” letters and updates thereto from the Company’s independent certified public
accountants addressed to the underwriters, if any, which letters shall be customary in form and shall cover matters of the type customarily covered in “cold comfort” letters to underwriters in connection with primary underwritten
offerings; and 
 (D) to the extent requested and customary for the relevant transaction, enter into a securities sales
agreement with the 

  
 14 

 
Holders providing for, among other things, the appointment of an agent for the selling Holders for the purpose of soliciting purchases of shares, which agreement shall be customary in form,
substance and scope and shall contain customary representations, warranties and covenants. 
 The above shall be done at such times as
customarily occur in similar registered offerings or shelf takedowns. 
 (d) In connection with each registration and
offering of shares to be sold by Holders, the Company will, in accordance with customary practice, make available for inspection by one representative of the Demand Holders and underwriters and any counsel or accountant retained by the Demand
Holders or underwriters all relevant financial and other records, pertinent corporate documents and properties of the Company and cause appropriate officers, managers and employees of the Company to supply all information reasonably requested by any
such representative, underwriter, counsel or accountant in connection with their due diligence exercise. 
 (e) Each Holder
that holds shares covered by any registration statement will furnish to the Company such information regarding itself as is required to be included in the registration statement, the ownership of shares by such Holder and the proposed distribution
by such Holder of such shares as the Company may from time to time reasonably request in writing. 
 ARTICLE III 

INDEMNIFICATION 

Section 3.1 Indemnification by the Company. In the event of any registration of any Registrable Securities of the Company under
the Securities Act pursuant to Article II, the Company hereby indemnifies and agrees to hold harmless, to the fullest extent permitted by Law, each Holder who sells Registrable Securities covered by such registration statement, each Affiliate of
such Holder and their respective directors and officers or general and limited partners or members (and the directors, officers, employees, members, Affiliates and controlling Persons of any of the foregoing), each other Person who participates as
an underwriter in the offering or sale of such Registrable Securities and each other Person, if any, who controls such Holder or any such underwriter within the meaning of the Securities Act (each, and “Indemnified Party” and
collectively, the “Indemnified Parties”), against any and all losses, claims, damages or liabilities, joint or several, and reasonable and documented expenses to which such Indemnified Party may become subject under the Securities
Act, common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof, whether or not such Indemnified Party is a party thereto) arise out of or are based upon: (a) any untrue
statement or alleged untrue statement of any material fact contained in any registration statement under which such Registrable Securities were registered under the Securities Act, any preliminary, final or summary prospectus contained therein, or
any amendment or supplement thereto, or any document incorporated by reference therein, or any other such disclosure document (including reports and other documents filed under the Exchange Act and any document incorporated by reference therein) or
related document or report; or (b) any omission or alleged omission to state 

  
 15 

 
therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in the case of a prospectus, in the light of the circumstances when they were
made, and the Company will reimburse such Indemnified Party for any legal or other expenses reasonably incurred by it in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided that the
Company will not be liable to any Indemnified Party in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon any untrue statement or alleged
untrue statement or omission or alleged omission made in such registration statement, in any such preliminary, final or summary prospectus, or any amendment or supplement thereto in reliance upon and in conformity with written information with
respect to such Indemnified Party furnished to the Company by such Indemnified Party expressly for use in the preparation thereof. Such indemnity will remain in full force and effect regardless of any investigation made by or on behalf of such
Holder or any Indemnified Party and will survive the Transfer of such Registrable Securities by such Holder or any termination of this Agreement. 

Section 3.2 Indemnification by the Holders and Underwriters. The Company may require, as a condition to including any Registrable
Securities in any registration statement filed in accordance with Article II, that the Company shall have received an undertaking reasonably satisfactory to it from the Holder of such Registrable Securities or any prospective underwriter to
indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 3.1) the Company, all other Holders or any prospective underwriter, as the case may be, and any of their respective Affiliates, directors, officers
and controlling Persons, with respect to any untrue statement in or omission from such registration statement, any preliminary, final or summary prospectus contained therein, or any amendment or supplement, if such untrue statement or omission was
made in reliance upon and in conformity with written information with respect to such Holder or underwriter furnished to the Company by such Holder or underwriter expressly for use in the preparation of such registration statement, preliminary,
final or summary prospectus or amendment or supplement, or a document incorporated by reference into any of the foregoing. Such indemnity will remain in full force and effect regardless of any investigation made by or on behalf of the Company or any
of the Holders, or any of their respective Affiliates, directors, officers or controlling Persons and will survive the Transfer of such Registrable Securities by such Holder. In no event shall the liability of any selling Holder of Registrable
Securities hereunder be greater in amount than the dollar amount of the proceeds actually received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation. 

Section 3.3 Notices of Claims, Etc. Promptly after receipt by an Indemnified Party hereunder of written notice of the commencement
of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Article III, such Indemnified Party will, if a claim in respect thereof is to be made against an indemnifying party, give written notice to
the latter of the commencement of such action; provided that the failure of the Indemnified Party to give notice as provided herein will not relieve the indemnifying party of its obligations under Section 3.1 or Section 3.2, except
to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an Indemnified Party, unless in such Indemnified Party’s reasonable judgment a conflict of interest
between such indemnified and indemnifying parties may exist in respect of such claim, the indemnifying party will be entitled to participate in and to assume the defense thereof, jointly 

  
 16 

 
with any other indemnifying party similarly notified to the extent that it may wish, with counsel selected by such indemnifying party, and after notice from the indemnifying party to such
Indemnified Party of its election so to assume the defense thereof, the indemnifying party will not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other
than reasonable costs of investigation. If, in such Indemnified Party’s reasonable judgment, having common counsel would result in a conflict of interest between the interests of such indemnified and indemnifying parties, then such Indemnified
Party may employ separate counsel reasonably acceptable to the indemnifying party to represent or defend such Indemnified Party in such action. No indemnifying party will consent to entry of any judgment or enter into any settlement which does not
include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect of such claim or litigation. 

Section 3.4 Contribution. If the indemnification provided for hereunder from the indemnifying party is unavailable to an
Indemnified Party hereunder in respect of any losses, claims, damages, liabilities or expenses referred to herein for reasons other than those described in the proviso in the first sentence of Section 3.1, then the indemnifying party, in lieu
of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault
of the indemnifying party and Indemnified Parties in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of such indemnifying
party and Indemnified Parties shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has
been made by, or relates to information supplied by, such indemnifying party or Indemnified Parties, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or
payable by a party under this Section 3.4 as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with
any investigation or proceeding. In no event shall the liability of any selling Holder of Registrable Securities hereunder be greater in amount than the dollar amount of the proceeds actually received by such Holder upon the sale of the Registrable
Securities giving rise to such contribution obligation. 
 The parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 3.4 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

Section 3.5 Non-Exclusivity. The obligations of the parties under this Article III will be
in addition to any liability which any party may otherwise have to any other party. 
 ARTICLE IV 

OTHER 

  
 17 

 Section 4.1 Notices. Any notice, request, instruction or other document to be
given hereunder by any party hereto to another party hereto shall be in writing and shall be deemed given (a) when delivered personally, (b) five (5) Business Days after being sent by certified or registered mail, postage prepaid,
return receipt requested, (c) one (1) Business Day after being sent by Federal Express or other nationally recognized overnight courier, or (d) if transmitted by facsimile, if confirmed within 24 hours thereafter by a signed
original sent in the manner provided in clause (a), (b) or (c) to parties at the following addresses (or at such other address for a party as shall be specified by prior written notice from such party): 

if to the Company: 
 Albertsons
Companies, Inc. 
 250 Parkcenter Blvd. 

Boise, ID 83706 
 Attention:
Robert A. Gordon, Esq. 
 if to Cerberus: 

c/o Cerberus Capital Management, L.P. 

875 Third Avenue, 11th Floor 
 New
York, NY 10022 
 Attention: Lenard Tessler 

Alex Benjamin, Esq. 

with an additional copy (not constituting notice) to: 

Schulte Roth & Zabel LLP 

919 Third Avenue 
 New York, NY
10022 
 Attention: Stuart D. Freedman, Esq. 

Antonio L. Diaz-Albertini, Esq. 

if to Colony Financial: 
 c/o
Colony NorthStar, Inc. 
 2450 Broadway, 6th Floor 

Santa Monica, CA 90404 

Attention: Director / Legal Assistant 

and: 
 c/o Colony NorthStar, Inc.

 712 Fifth Avenue 
 35th Floor 
 New York, NY 10019 

Attention: David Schwarz 

  
 18 

 with an additional copy (not constituting notice) to: 

Willkie Farr & Gallagher LLP 

787 Seventh Avenue 
 New York, NY
10019 
 Attention: Adam Turteltaub 

if to Kimco: 
 c/o Kimco Realty
Corporation 
 3333 New Hyde Park Road, Suite 100 

New Hyde Park, NY 11042 

Attention: Raymond Edwards and Bruce Rubenstein 

with an additional copy (not constituting notice) to: 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 
 New York, New
York 10004 
 Attention: Philip Richter and Steven G. Scheinfeld, Esq. 

if to Klaff: 
 Klaff Realty, L.P.

 35 E. Wacker Drive 
 Suite
2900 
 Chicago, IL 60601 

Attention: Hersch M. Klaff 
 with
an additional copy (not constituting notice) to: 
 Fox, Swibel, Levin & Carroll, LLP 

200 W. Madison Street, Suite 3000 

Chicago, IL 60603 
 Attention:
Laurie A. Levin 
 if to Lubert-Adler: 

Lubert-Adler Partners 
 The FMC
Tower 
 2929 Walnut Street, Suite 1530 

Philadelphia, PA 19104 

Attention: Dean Adler 

R. Eric Emrich 

  
 19 

 with an additional copy (not constituting notice) to: 

Kirkland & Ellis LLP 

300 North LaSalle 
 Chicago, IL
60654 
 Attention: Richard J. Campbell 

if to Schottenstein: 
 Jubilee
Limited Partnership 
 4300 E. Fifth Ave. 

Columbus, OH 43219 
 Attention:
Ben Kraner 
 Tod H. Friedman, Esq. 

if to any Individual Stockholder: 

c/o Albertsons Companies, Inc. 

250 Parkcenter Blvd. 
 Boise, ID
83706 
 Attention: Robert A. Gordon, Esq. 

Section 4.2 Assignment. Neither the Company nor any Holder shall assign all or any part of this Agreement without the prior
written consent of the Company; provided, however, that any Holder may assign its respective rights and obligations under this Agreement in whole or in part to any of its respective Affiliates (in each case under this Section 4.2,
not including a portfolio company), or through an in-kind distribution to its direct or indirect equityholders without the consent of any other party (unless such
in-kind distribution would be prohibited under any applicable Lock-Up); provided, further, that no Holder shall transfer any Registrable Securities to its
Affiliates or through such an in-kind distribution unless such transferees assume the respective rights and obligations of such Holder under this Agreement, including the obligation to deliver Lock-Ups pursuant to Section 2.11. Except as otherwise provided herein, this Agreement will inure to the benefit of and be binding on the parties hereto and their respective successors and permitted assigns.
Any such transfer of registration rights will be effective upon receipt by the Company of (i) written notice from such Holder stating the name and address of any transferee and identifying the number of shares with respect to which rights under
this Agreement are being transferred and the nature of the rights so transferred, and (ii) a written agreement from such transferee to be bound by the terms of this Agreement. 

Section 4.3 Amendments; Waiver. This Agreement may be amended, supplemented or otherwise modified, or any provision waived, only
by a written instrument executed by the Company and the Holders holding a majority of the Registrable Securities subject to this Agreement; provided that no such amendment, supplement or other modification or waiver shall adversely affect the
economic interests of any Holder hereunder, or increase the obligations of any Holder, disproportionately to other Holders without the written consent of such Holder. For the avoidance of doubt, no consent pursuant to this Section 4.3 shall be
required in connection with any amendment or revision to Schedule A unless such amendment or 

  
 20 

 
revision is to remove a Holder from such schedule at a time when such Holder would otherwise be entitled to registration rights herein. No waiver by any party of any of the provisions hereof will
be effective unless explicitly set forth in writing and executed by the party so waiving. Except as provided in the preceding sentence, no action taken pursuant to this Agreement, including without limitation, any investigation by or on behalf of
any party, will be deemed to constitute a waiver by the party taking such action of compliance with any covenants or agreements contained herein. The waiver by any party hereto of a breach of any provision of this Agreement will not operate or be
construed as a waiver of any subsequent breach. 
 Section 4.4 Term. In the event that (i) a Holder ceases to hold any
Registrable Securities and (ii) such Holder is not a party to any agreement with the Company restricting such Holder from selling any Registrable Securities other than pursuant to an underwritten offering, then all of such Holder’s rights
and obligations under this Agreement shall expire and such Holder will cease to be a “Holder” for all purposes hereunder without any further action of the Company or any other party hereto, provided that the provisions of Article III shall
survive the termination of this Agreement with respect to a Holder. 
 Section 4.5 Third Parties. This Agreement does not create
any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. 

Section 4.6 Rule 144. Without limiting the limitations on sales pursuant to the Company
Lock-Up or any Lock-Up with an Underwriter pursuant to an offering of Common Stock, for so long as the Company is subject to the requirements of Section 13, 14 or
15(d) of the Exchange Act, the Company covenants that it will file any reports required to be filed by it under the Securities Act and the Exchange Act (or, if the Company is subject to the requirements of Section 13, 14 or 15(d) of the
Exchange Act but is not required to file such reports, it will, upon the request of any Holder, make publicly available such information), and it will take such further action as any Holder may reasonably request (including by providing customary
legal opinions and certificates required by a transfer agent) so as to enable such Holder to sell shares without registration under the Securities Act within the limitation of the exemptions provided by (a) Rule 144 under the Securities Act, as
such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by the SEC, in each case, only to the extent such sales would be permitted under all applicable
Lock-Ups. Upon the request of any Holder, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements. 

Section 4.7 In-Kind Distributions. If any Holder seeks to effectuate an in-kind distribution of all or part of its shares to its direct or indirect equityholders, the Company will, only to the extent such in-kind distribution would be permitted
under all applicable Lock-Ups, cooperate with such Holder and the Company’s transfer agent to facilitate such in-kind distribution in the manner reasonably
requested by such Holder, as well as any resales by such transferees under a shelf registration statement covering such distributed shares. 

Section 4.8 Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the
State of New York. 

  
 21 

 Section 4.9 CONSENT TO JURISDICTION. EACH OF THE PARTIES HERETO CONSENTS TO
THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE STATE OF NEW YORK AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS RELATING TO THIS AGREEMENT SHALL BE LITIGATED IN SUCH COURTS. EACH OF THE PARTIES HERETO
ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS RESPECTIVE PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY FINAL
AND NONAPPEALABLE JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS AGREEMENT. EACH OF THE PARTIES HERETO FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING
OF COPIES THEREOF VIA OVERNIGHT COURIER, TO SUCH PARTY AT THE ADDRESS SPECIFIED IN THIS AGREEMENT, SUCH SERVICE TO BECOME EFFECTIVE FOURTEEN CALENDAR DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL IN ANY WAY BE DEEMED TO LIMIT THE ABILITY OF EITHER
PARTY HERETO TO SERVE ANY SUCH LEGAL PROCESS, SUMMONS, NOTICES AND DOCUMENTS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW OR TO OBTAIN JURISDICTION OVER OR TO BRING ACTIONS, SUITS OR PROCEEDINGS AGAINST THE OTHER PARTY HERETO IN SUCH OTHER
JURISDICTIONS, AND IN SUCH MANNER, AS MAY BE PERMITTED BY ANY APPLICABLE LAW. 
 Section 4.10 MUTUAL WAIVER OF JURY TRIAL.
THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER THIS AGREEMENT. 

Section 4.11 Specific Performance. Each of the parties hereto acknowledges and agrees that in the event of any breach of this
Agreement by any of them, the non-breaching party would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific
performance that a remedy at law would be adequate and that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of this Agreement. 

Section 4.12 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the
subject matter hereof. There are no agreements, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set forth herein. This Agreement supersedes all other prior agreements and
understandings between the parties with respect to such subject matter. 
 Section 4.13 Severability. If one or more of the
provisions, paragraphs, words, clauses, phrases or sentences contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any
such provision, paragraph, word, clause, phrase or sentence in every other 

  
 22 

 
respect and of the remaining provisions, paragraphs, words, clauses, phrases or sentences hereof shall not be in any way impaired, it being intended that all rights, powers and privileges of the
parties hereto shall be enforceable to the fullest extent permitted by Law. 
 Section 4.14 Counterparts. This Agreement may be
executed in any number of counterparts, each of which will be deemed to be an original and all of which together will be deemed to be one and the same instrument. 

Section 4.15 Effectiveness. This Agreement shall become effective, as to any Holder, as of the date signed by the Company and
countersigned by such Holder. 
 [Remainder of Page Intentionally Left Blank] 

  
 23 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
written above. 
  

			
	COMPANY:
	
	ALBERTSONS COMPANIES, INC.

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 [Signature Page to Registration Rights Agreement] 

 
			
	CERBERUS:
	
	[_______]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  

 
			
	SCHOTTENSTEIN:
	
	[_______]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 
			
	KLAFF:
	
	[_______]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 
			
	LUBERT-ADLER:
	
	[_______]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 
			
	KIMCO:
	
	[_______]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 
			
	COLONY FINANCIAL:
	
	[_______]

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 Schedule A 

Individual Stockholders 
 [_______]EX-4.3

 Exhibit 4.3 

Albertsons Companies, Inc. 
 250 Parkcenter Blvd. 

Boise, ID 83706 
 Re: Albertsons Companies, Inc.—Lock-Up Agreement 
 Ladies and Gentlemen: 

In connection with the proposed initial public offering (the “IPO”) of shares of Common Stock (the “Shares”)
of Albertsons Companies, Inc., a Delaware corporation (the “Company”), the undersigned hereby agrees that, during the Lock-Up Period specified below, the undersigned will not offer, sell,
contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any Shares, or any options or warrants to purchase any Shares, or any securities convertible into, exchangeable for or that represent the right to
receive Shares, owned directly by the undersigned (including holding as a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities and Exchange Commission (the
“SEC”) acquired on or prior to the consummation of the IPO (the “IPO Date”) (or acquired from the Company in exchange for or with respect to such securities) (collectively, the “Undersigned’s
Shares”). The foregoing restriction is expressly agreed to preclude the undersigned from engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition
of the Undersigned’s Shares even if such Shares would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale or any purchase, sale or grant of any
right (including without limitation any put or call option or forward sale or similar contract) with respect to any of the Undersigned’s Shares or with respect to any security that includes, relates to, or derives any significant part of its
value from such Shares. 
 The first lock-up period (the “First Lock-Up Period”) will commence on the date of this Lock-Up Agreement and continue until six months after the IPO Date. 

The second lock-up period (the “Second Lock-Up
Period”) will commence upon the expiration of the First Lock-Up Period and continue until 12 months after the IPO Date. 

The third lock-up period (the “Third Lock-Up
Period”) will commence upon the expiration of the Second Lock-Up Period and continue until 18 months after the IPO Date. 

The fourth lock-up period (the “Fourth Lock-Up
Period” and, together with the First Lock-Up Period, the Second Lock-Up Period and the Third Lock-Up Period, the
“Lock-Up Period”) will commence upon the expiration of the Third Lock-Up Period and continue until 24 months after the IPO Date. 

Notwithstanding the foregoing, the undersigned may transfer the Undersigned’s Shares (i) as a bona fide gift or gifts,
provided that the donee or donees thereof agree to be bound in writing by the restrictions set forth herein, (ii) to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned,
provided that the trustee of the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any 

 
such transfer shall not involve a disposition for value, (iii) to any Affiliate of the undersigned or any investment fund or other entity controlled or managed by the undersigned or its
Affiliates, (but in each case under this clause (iii), not including a portfolio company), provided that such person agrees to be bound in writing by the restrictions set forth herein, (iv) to a nominee or custodian of a person or entity
to whom a disposition or transfer would be permissible under clauses (i) through (iii) above provided that such person agrees to be bound in writing by the restrictions set forth herein, (v) pursuant to an order of a court or
regulatory agency, (vi) the pledge, hypothecation or other granting of a security interest in the Undersigned’s Shares to one or more banks or financial institutions as bona fide collateral or security for any loan, advance or
extension of credit and any transfer upon foreclosure upon such Shares or thereafter, (vii) to the Underwriters (as defined in the Underwriting Agreement) pursuant to that certain Underwriting Agreement to sell Shares of the Company, dated as
of                , 2020, by and among the Company, the Selling Stockholders (as defined in the Underwriting Agreement) and the Underwriters party thereto (the
“Underwriting Agreement”), (viii) to the Company in connection with the repurchase of Shares by the Company with the proceeds from the public offering of the Company’s Mandatory Convertible Preferred Stock (including in
connection with an exercise of the “green shoe” option) or (ix) with the prior written consent of the Company. For purposes of this Lock-Up Agreement “immediate family” shall mean any
relationship by blood, marriage or adoption, not more remote than first cousin. The undersigned now has, and, except as contemplated by clauses (i)-(ix) above, for the duration of this Lock-Up Agreement
will have, good and valuable title to the Undersigned’s Shares. The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar against the transfer of the
Undersigned’s Shares except in compliance with the foregoing restrictions. For purposes of this agreement, “Affiliate”) shall have the meaning ascribed thereto in Rule 12b-2 promulgated under
the Securities Exchange Act of 1934, as in effect on the date hereof. 
 Furthermore, notwithstanding the foregoing: 

(a) during the Second Lock-Up Period, the undersigned will be permitted to sell up to
twenty-five percent (25%) of the number of the Undersigned’s Shares that the undersigned beneficially owned as of immediately after the IPO Date and after giving effect to (i) any sale of Shares by the undersigned from the exercise of the
“green shoe” option by the underwriters in the IPO and (ii) any repurchase of Shares by the Company from the undersigned with the proceeds from the offering of preferred stock of the Company concurrent with the IPO (such number of the
Undersigned’s Shares, the “Post-IPO Ownership Amount”) (as adjusted to give effect to any stock split, stock distribution or similar transaction after the IPO Date, as so adjusted the
“Second Period Amount”); provided that such Shares may only be sold in a registered, underwritten offering made in accordance with the terms of the Registration Rights Agreement among the Company, the undersigned and certain
other stockholders, dated the date hereof, as the same may be amended (the “Registration Rights Agreement”); provided further that the undersigned shall be permitted to sell additional Shares in any such registered,
underwritten offering to the extent that the managing underwriters of such registered, underwritten offering conclude that additional Shares may be sold in such offering without adversely affecting the distribution (including the price) of the
Shares being offered by the undersigned and other holders; provided further that, to the extent the undersigned elects not to participate in an any such registered, underwritten offering or does not elect to sell the maximum

  
 2 

 
number of Shares permitted pursuant to this paragraph (but not more than the Second Period Amount), the undersigned may then sell up to that maximum amount of Shares in a non-underwritten registered shelf takedown (provided that the Company is not required to participate in any due diligence or comfort letter process in connection with such takedown) or an unregistered sale
pursuant to Rule 144 or another exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”) (unless the holder is otherwise restricted, such as pursuant to a
lock-up delivered to an underwriter or pursuant to the terms of the Registration Rights Agreement); 

(b) during the Third Lock-Up Period, the undersigned will be permitted to sell a number
of shares up to the remainder of (i) fifty percent (50%) of the Post-IPO Ownership Amount minus (ii) the number of Shares up to the Second Period Amount that the undersigned sold during the
Second Lock-Up period or could have been sold pursuant to the third proviso of the preceding paragraph (as adjusted to give effect to any stock split, stock distribution or similar transaction after the IPO
Date, as so adjusted, the “Third Period Amount”); provided that such Shares may only be sold in a registered, underwritten offering made in accordance with the terms of the Registration Rights Agreement; provided
further that the undersigned shall be permitted to sell additional Shares in any such registered, underwritten offering to the extent that the managing underwriters of such registered, underwritten offering conclude that additional Shares may
be sold in such offering without adversely affecting the distribution (including the price) of the Shares being offered by the undersigned and other holders; provided further that, to the extent the undersigned elects not to participate in an
any such registered, underwritten offering or does not elect to sell the maximum number of Shares permitted pursuant to this paragraph or the preceding paragraph, the undersigned may then sell up to that maximum amount of Shares in a non-underwritten registered shelf-takedown (provided that the Company is not required to participate in any due diligence or comfort letter process in connection with such takedown) or an unregistered sale
pursuant to Rule 144 or another exemption from registration under the Securities Act (unless the holder is otherwise restricted, such as pursuant to a lock-up delivered to an underwriter or pursuant to the
terms of the Registration Rights Agreement); and 
 (c) during the Fourth Lock-Up
Period, the undersigned will be permitted to sell a number of shares up to the remainder of (i) seventy-five percent (75%) of the Post-IPO Ownership Amount minus (ii) the number of Shares up
to the Third Period Amount that the undersigned sold during the Second Lock-Up period or Third Lock-Up period or could have been sold pursuant to the third proviso of
the preceding two paragraphs (as adjusted to give effect to any stock split, stock distribution or similar transaction after the IPO Date, as so adjusted) of the number of the Undersigned’s Shares; provided that such Shares may only be
sold in a registered, underwritten offering made in accordance with the terms of the Registration Rights Agreement; provided further that the undersigned shall be permitted to sell additional Shares in any such registered, underwritten
offering to the extent that the managing underwriters of such registered, underwritten offering conclude that additional Shares may be sold in such offering without adversely affecting the distribution (including the price) of the Shares being
offered by the undersigned and other holders; provided further that, to the extent the undersigned elects not to participate in an any registered, underwritten offering or does not elect to sell the maximum number of Shares

  
 3 

 
permitted pursuant to the preceding two paragraphs, the undersigned may then sell up to that maximum amount of Shares in a non-underwritten registered
shelf-takedown (provided that the Company is not required to participate in any due diligence or comfort letter process in connection with such takedown) or an unregistered sale pursuant to Rule 144 or another exemption from the registration
requirements under the Securities Act (unless the holder is otherwise restricted, such as pursuant to a lock-up delivered to an underwriter or pursuant to the terms of the Registration Rights Agreement). 

In addition, to the extent that the undersigned is permitted to sell any number of the Undersigned’s Shares without the requirement to
sell in a registered, underwritten offering pursuant to the preceding requirements, the undersigned may transfer such Undersigned’s Shares as part of a distribution to direct or indirect members or partners of the undersigned (which, for the
avoidance of doubt, may be accomplished by a redemption of one or more member’s or partner’s interest in the undersigned in exchange for Shares), provided that the distributee agrees to be bound in writing by the restrictions set
forth herein. 
 Notwithstanding anything to the contrary contained in paragraphs (a), (b) or (c) above, no registered sales may be
made prior to the consummation of the second demand registration pursuant to the Registration Rights Agreement, except as part of a registered, underwritten offering made pursuant to the Registration Rights Agreement. 

In the event that any holder of Common Stock subject to a similar agreement other than the undersigned is permitted by the Company to sell or
otherwise transfer or dispose of any Shares of Common Stock for value (whether in one or multiple releases), then the same percentage of Shares of Common Stock held by the undersigned (the “Pro-Rata
Release”) shall be immediately and fully released on the same terms from any remaining lock-up restrictions set forth herein; provided that such Pro-Rata
Release shall not apply in the event of any registered, underwritten offering, whether or not such offering or sale is wholly or partially a secondary offering of the Company’s Common Stock during the
Lock-Up Period if the undersigned, to the extent the undersigned has a contractual right to demand or require the registration of the Undersigned’s Shares or otherwise “piggyback” on a
registration statement filed by the Company for the offer and sale of its Common Stock, is offered the opportunity to participate on a basis consistent with such contractual rights in such registered, underwritten offering. The foregoing shall also
not apply to any release of a lock-up entered into with the managing underwriter(s) of any underwritten offering. 

[Remainder of the page left intentionally blank.] 

  
 4 

 The undersigned understands that this Lock-Up
Agreement is irrevocable and shall be binding upon the undersigned’s heirs, legal representatives, successors, and assigns. 
  

	
	Very truly yours,
	
	 
	Exact Name of Stockholder
	
	 
	Authorized Signature
	
	 
	Title

  
 5

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