Document:

Lease Agreement - SI 37, LLC

 Exhibit 10.1 
 TABLE OF CONTENTS 
  

									
	 	    	 	  	 	  	Page	 
			
	1.	    	PARTIES:	  	 	1	  
			
	2.	    	PREMISES:	  	 	1	  
			
	3.	    	USE:	  	 	1	  
		    	 A.
	  	Permitted Uses:	  	 	1	  
		    	 B.
	  	Uses Prohibited:	  	 	1	  
		    	 C.
	  	Advertisements and Signs:	  	 	2	  
		    	 D.
	  	Covenants, Conditions and Restrictions:	  	 	2	  
		    	 E.
	  	Sustainability Requirements:	  	 	2	  
			
	4.	    	TERM AND RENTAL:	  	 	3	  
		    	 A.
	  	Term; Base Monthly Rent:	  	 	3	  
		    	 B.
	  	Late Charge:	  	 	3	  
			
	5.	    	SECURITY DEPOSIT:	  	 	4	  
		    	 A.
	  	Amount and Purpose:	  	 	4	  
		    	 B.
	  	Requirements:	  	 	4	  
			
	6.	    	ACCEPTANCE OF POSSESSION AND COVENANTS TO SURRENDER:	  	 	5	  
		    	 A.
	  	Landlord’s Work	  	 	5	  
		    	 B.
	  	Delivery and Acceptance:	  	 	5	  
		    	 C.
	  	Condition Upon Surrender:	  	 	5	  
		    	 D.
	  	Failure to Surrender:	  	 	6	  
			
	7.	    	ALTERATIONS & ADDITIONS:	  	 	7	  
		    	 A.
	  	General Provisions:	  	 	7	  
		    	 B.
	  	Free From Liens:	  	 	7	  
		    	 C.
	  	Compliance With Governmental Regulations:	  	 	7	  
		    	 D.
	  	Insurance Requirements:	  	 	8	  
			
	8.	    	MAINTENANCE OF PREMISES:	  	 	8	  
		    	 A.
	  	Landlord’s Obligations:	  	 	8	  
		    	 B.
	  	Tenant’s Obligations:	  	 	9	  
		    	 C.
	  	Obligations Regarding Reimbursable Operating Costs:	  	 	9	  
		    	 D.
	  	Reimbursable Operating Costs:	  	 	10	  
		    	 E.
	  	Tenant’s Allocable Share:	  	 	11	  
		    	 F.
	  	Waiver of Liability:	  	 	12	  
			
	9.	    	INSURANCE:	  	 	12	  
		    	 A.
	  	Tenant’s Use:	  	 	12	  
		    	 B.
	  	Landlord’s Insurance:	  	 	12	  
		    	 C.
	  	Tenant’s Insurance:	  	 	12	  
		    	 D.
	  	Waiver:	  	 	13	  
			
	10.	    	TAXES:	  	 	13	  
			
	11.	    	UTILITIES:	  	 	13	  
			
	12.	    	TOXIC WASTE AND ENVIRONMENTAL DAMAGE:	  	 	14	  
		    	 A.
	  	Use of Hazardous Materials:	  	 	14	  
		    	B.	  	Tenant’s Indemnity Regarding Hazardous Materials:	  	 	15	  

  
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		    	C.	  	Notice of Release or Violation:	  	 	15	  
		    	D.	  	Remediation Obligations:	  	 	16	  
		    	E.	  	Environmental Monitoring:	  	 	16	  
			
	13.	    	TENANT’S DEFAULT	  	 	16	  
		    	A.	  	Events of Default	  	 	16	  
		    	B.	  	Remedies:	  	 	17	  
		    	C.	  	Right to Re-enter:	  	 	18	  
		    	D.	  	Continuation of Lease:	  	 	18	  
		    	E.	  	No Termination:	  	 	18	  
		    	F.	  	Non-Waiver:	  	 	18	  
		    	G.	  	Performance by Landlord:	  	 	18	  
		    	H.	  	Habitual Default:	  	 	19	  
			
	14.	    	LANDLORD’S LIABILITY:	  	 	19	  
		    	A.	  	Limitation on Landlord’s Liability:	  	 	19	  
		    	B.	  	Limitation on Tenant’s Recourse:	  	 	19	  
		    	C.	  	Indemnification of Landlord:	  	 	20	  
			
	15.	    	DESTRUCTION OF PREMISES:	  	 	20	  
		    	A.	  	Landlord’s Obligation to Restore:	  	 	20	  
		    	B.	  	Limitations on Landlord’s Restoration Obligation:	  	 	20	  
			
	16.	    	CONDEMNATION:	  	 	21	  
			
	17.	    	ASSIGNMENT OR SUBLEASE:	  	 	21	  
		    	A.	  	Consent by Landlord:	  	 	21	  
		    	B.	  	Assignment or Subletting Consideration:	  	 	22	  
		    	C.	  	No Release:	  	 	23	  
		    	D.	  	Reorganization of Tenant:	  	 	23	  
		    	E.	  	Permitted Transfers	  	 	24	  
		    	F.	  	Effect of Default:	  	 	24	  
		    	G.	  	Conveyance by Landlord:	  	 	25	  
		    	H.	  	Successors and Assigns:	  	 	25	  
		    	I.	  	Sublease Requirements:	  	 	25	  
			
	18.	    	OPTION TO EXTEND THE LEASE TERM:	  	 	25	  
		    	A.	  	Grant and Exercise of Option:	  	 	25	  
		    	B.	  	Determination of Fair Market Rental:	  	 	26	  
		    	C.	  	Resolution of a Disagreement over the Fair Market Rental:	  	 	26	  
		    	D.	  	Personal to Tenant:	  	 	27	  
			
	19.	    	GENERAL PROVISIONS:	  	 	27	  
		    	A.	  	Attorney’s Fees:	  	 	27	  
		    	B.	  	Authority of Parties:	  	 	27	  
		    	C.	  	Brokers:	  	 	27	  
		    	D.	  	Choice of Law:	  	 	28	  
		    	E.	  	ARBITRATION OF DISPUTES:	  	 	28	  
		    	F.	  	Entire Agreement:	  	 	29	  
		    	G.	  	Entry by Landlord:	  	 	29	  
		    	H.	  	Estoppel Certificates:	  	 	29	  
		    	I.	  	Exhibits:	  	 	30	  
		    	J.	  	Interest:	  	 	30	  
		    	K.	  	Modifications Required by Lender:	  	 	30	  
		    	L.	  	No Presumption Against Drafter:	  	 	30	  
		    	 M.
	  	Notices:	  	 	30	  

  
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		    	N.	  	Property Management:	  	 	30	  
		    	O.	  	Rent:	  	 	30	  
		    	P.	  	Representations:	  	 	30	  
		    	Q.	  	Rights and Remedies:	  	 	31	  
		    	R.	  	Severability:	  	 	31	  
		    	S.	  	Submission of Lease:	  	 	31	  
		    	T.	  	Subordination:	  	 	31	  
		    	U.	  	Survival of Indemnities:	  	 	31	  
		    	V.	  	Time:	  	 	31	  
		    	W.	  	Transportation Demand Management Programs:	  	 	31	  
		    	X.	  	Waiver of Right to Jury Trial:	  	 	32	  
		    	Y.	  	General:	  	 	32	  
		    	Z.	  	Furniture, Fixtures and Equipment:	  	 	32	  

  

					
	 EXHIBIT “A” – Premises & Building
	  	 	34	  
		
	 EXHIBIT “B” - Project
	  	 	35	  
		
	 EXHIBIT “G” – Landlord’s Work
	  	 	36	  

  
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 Lease between 
 SI 37, LLC and Cavium Networks, Inc. 

 

	1.	PARTIES: 

 THIS
LEASE, is entered into on this 17th day of March, 2011, (“Effective Date”) between SI 37, LLC, a California Limited Liability Company, whose address is 10600 North De Anza Boulevard, Suite 200, Cupertino, CA 95014 and Cavium Networks,
Inc., a Delaware Corporation, whose address, prior to the Commencement Date is 805 East Middlefield Road, Mountain View, CA 94043, and after the Commencement Date is at the Premises, hereinafter called respectively Landlord and Tenant. Landlord and
Tenant are collectively referred to in this Lease as the “Parties”. 
  

	2.	PREMISES: 

 Landlord
hereby leases to Tenant, and Tenant hires from Landlord those certain Premises situated in the City of San Jose, County of Santa Clara, State of California, commonly known and designated as 2315 N First Street and the adjacent historical structure
(collectively, the “Premises”). For purposes of this Lease, the primary building is 110,881 rentable square feet and the historical structure is 2,500 rentable square feet, for a total combined 113,381 rentable square feet (collectively,
the “Building”), plus parking for approximately 374 cars as outlined in red on Exhibit “A”. Subject to compliance with the rules and regulations promulgated by Landlord from time to time for the Project (if any), Tenant
shall be permitted to have access to the entire Premises 24 hours per day, 7 days a week unless such access is prohibited, limited or restricted by any governmental law, ordinance, rule or regulation, damage or destruction or condemnation or due to
an emergency. 
 Tenant shall also have the nonexclusive right to use all common area (“Common Area”) including but
not limited to parking areas and structures, landscaping, sidewalks, service areas and other common facilities. The Building and Common Area are situated within a project site shared with 1 additional building owned by Landlord as outlined in
Exhibit “B” attached

 
hereto (“Project”). Unless expressly provided otherwise, the term Premises as used herein shall include the Landlord’s Work (defined in Section 6.A below). 

 

	3.	USE: 

  

	 	A.	Permitted Uses: 

 Tenant
shall use the Premises as permitted under applicable zoning laws only for the following purposes and shall not change the use of the Premises without the prior written consent of Landlord: Office, research and development, marketing, light
manufacturing, ancillary storage and other incidental uses. Tenant shall use only the number of parking spaces allocated to Tenant under this Lease. All commercial trucks and delivery vehicles shall (i) be parked at the rear of the Building,
(ii) loaded and unloaded in a manner which does not interfere with the businesses of other occupants of the Project, and (iii) permitted to remain within the Project only so long as is reasonably necessary to complete the loading and
unloading. Landlord reserves the right to impose such additional rules and regulations as Landlord deems reasonably necessary to operate the Project in a manner which protects the quiet enjoyment of all tenants in the Project. Landlord makes no
representation or warranty that any specific use of the Premises desired by Tenant is permitted pursuant to any Laws (as defined in Section 7.C below). 
  

	 	B.	Uses Prohibited: 

Tenant shall not commit or suffer to be committed on the Premises or any portion of the Project any waste, nuisance, or other act or
thing which may disturb the quiet enjoyment of any other tenant or user of in the Project, nor allow any sale by auction or any other use of the Premises for an unlawful purpose. Tenant shall not (i) damage or overload the electrical,
mechanical or plumbing systems of the Premises, (ii) attach, hang or suspend anything from the ceiling, walls or columns of the Building in excess of the load limits for which such ceiling,

 

  
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walls or columns are designed, or set any load on the floor in excess of the load limits for which such floors are designed, or (iii) generate dust, fumes or waste products which create a
fire or health hazard or damage the Premises or any portion of the Project, including without limitation the soils or ground water in or around the Project. No materials, supplies, equipment, finished products or semi-finished products, raw
materials or articles of any nature, or any waste materials, refuse, scrap or debris, shall be stored upon or permitted to remain on any portion of the Premises outside of the Building by Tenant or Tenant’s Agents (defined below) without
Landlord’s prior approval, which approval may be withheld in its sole and absolute discretion. 
  

	 	C.	Advertisements and Signs: 

 Tenant shall not place or permit to be placed, in, upon or about the Premises any signs not approved by the city and other governing authority having jurisdiction. Tenant will not place or permit to be
placed upon the Premises any signs, advertisements or notices without the written consent of Landlord as to type, size, design, lettering, coloring and location, which consent will not be unreasonably withheld. Any sign placed on the Premises shall
be removed by Tenant, at its sole cost, prior to the expiration or sooner termination of the Lease, and Tenant shall repair, at its sole cost, any damage or injury to the Premises caused thereby, and if not so removed, then Landlord may have same so
removed at Tenant’s expense. 
 Tenant shall install, in accordance with Landlord’s signage criteria and applicable
Laws, at Tenant’s expense, (A) Tenant’s name at the entrance to the Premises, (B) Tenant’s name on any exterior Common Area monument sign, and (C) Tenant’s name on the exterior of the Building, in a design and
location mutually agreeable to the Parties. All signs placed on the Premises by or for Tenant shall comply with all recorded documents affecting the Premises, and applicable laws, ordinances, guidelines, rules and regulations of the City of San
Jose. Any sign placed on the Premises by or for Tenant shall be removed by Tenant, at its sole cost, prior to the expiration or sooner termination of the Lease, and Tenant shall repair, at its sole cost, any damage or

 
injury to the Premises caused thereby, and if not so removed, then Landlord may have same so removed at Tenant’s expense. 

 

	 	D.	Covenants, Conditions and Restrictions: 

 This Lease is subject to the effect of (i) any covenants, conditions, restrictions, easements, mortgages or deeds of trust, ground leases, rights of way of record and any other matters or documents
of record; and (ii) any zoning laws of the city, county and state where the Building is situated (collectively referred to herein as “Restrictions”) and Tenant will conform to and will not violate the terms of any such Restrictions.

  

	 	E.	Sustainability Requirements: 

 As used in this Lease, “Sustainability Requirements” means any and all Laws relating to any “green building” or other environmental sustainability practices and requirements now or
hereafter in effect or imposed by any governmental authority or applicable Laws from time to time (“Sustainability Requirements”). Without limiting the scope of any Sustainability Requirements that may be in effect from time to time,
Tenant acknowledges that Sustainability Requirements may address whole-building or premises operations, construction issues, maintenance issues and other issues, including without limitation requirements relating to: chemical use; indoor air
quality; energy and water efficiency; recycling programs; interior and exterior maintenance programs; systems upgrades to meet green or sustainable building energy, water, air quality, and lighting performance standards; construction methods and
procedures; material purchases; disposal of garbage, trash, rubbish and other refuse and waste; and the use of proven energy and carbon reduction measures. Neither Tenant nor Tenant’s Agents shall use or operate the Premises in a manner that
will cause any part of the Project to be in non-compliance with any Sustainability Requirements in effect from time to time.

 

  
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	4.	TERM AND RENTAL: 

  

	 	A.	Term; Base Monthly Rent: 

The Lease term (“Lease Term”) shall be for Ninety-Three (93) months, commencing on June 1, 2011 (“Commencement
Date”), and ending February 28, 2019 (“Expiration Date”). Notwithstanding the Parties’ agreement that the Lease Term begins on the Commencement Date, this Lease and all of the obligations of Landlord and Tenant shall be
binding and in full force and effect from and after the Effective Date. 
 Landlord agrees to allow Tenant access to the
Premises from and after full execution of this Lease, for installation of Tenant’s furniture, fixtures, cabling and equipment; provided, that such early access by Tenant shall in no way materially interfere with or cause delays in the
completion of Landlord’s Work. Any such early access or occupancy by Tenant shall be subject to the terms and conditions of this Lease (including, without limitation, any required insurance coverage) except that Tenant shall not be required to
pay Base Monthly Rent or Reimbursable Operating Costs during or with respect to such early access period. 
 In addition to
all other sums payable by Tenant under this Lease, Tenant shall pay as base monthly rent (“Base Monthly Rent”) for the Premises in accordance with the following schedule: 

 

			
	 06/01/11-08/31/11
	  	$0.00
	 09/01/11-03/31/12
	  	$97,020.00
	 04/01/12-12/31/12
	  	$150,230.00
	 01/01/13-06/30/13
	  	$204,086.00
	 07/01/13-06/30/14
	  	$210,209.00
	 07/01/14-06/30/15
	  	$216,515.00
	 07/01/15-06/30/16
	  	$223,011.00
	 07/01/16-06/30/17
	  	$229,701.00
	 07/01/17-06/30/18
	  	$236,592.00
	 07/01/18-02/28/19
	  	$243,690.00

 *Base Monthly Rent
and Reimbursable Operating Costs shall be completely abated for the first three (3) months of the Lease Term. 
 Base
Monthly Rent shall be due in advance on or before the first day of each calendar month

 
during the Lease Term. All sums payable by Tenant under this Lease shall be paid to Landlord in lawful money of the United States of America, without offset or deduction and except as otherwise
expressly provided in this Lease without prior notice or demand, at the address specified in Section 1 of this Lease or at such place or places as may be designated in writing by Landlord during the Lease Term. Base Monthly Rent for any period
less than a calendar month shall be a pro rata portion of the monthly installment based on the number of days in the partial calendar month; provided that if this Lease terminates due to Tenant’s default, Tenant shall not be relieved of the
obligation to pay future accruing rent, and the provisions of Section 13 shall control. Concurrently with Tenant’s execution of this Lease, Tenant shall pay to Landlord the sum of Ninety Seven Thousand Twenty Dollars ($97,020.00) as a
deposit to be applied on the Commencement Date against the Base Monthly Rent due for the fourth month of the Lease Term. 
  

	 	B.	Late Charge: 

 Tenant
hereby acknowledges that late payment by Tenant to Landlord of Base Monthly Rent and other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which is extremely difficult to ascertain. Such
costs include but are not limited to: administrative, processing, accounting, and late charges which may be imposed on Landlord by the terms of any contract, revolving credit, mortgage, or trust deed covering the Premises. Accordingly, if any
installment of Base Monthly Rent or other sum due from Tenant shall not be received by Landlord or its designee within five (5) days after it is due, Tenant shall pay to Landlord a late charge equal to five (5%) percent of such overdue
amount, which late charge shall be due and payable on the same date that the overdue amount was due. The parties agree that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payment by
Tenant, excluding interest and attorneys fees and costs. If any Base Monthly Rent or other sum due from Tenant remains delinquent for a period in excess of thirty (30) days then, in addition to such late charge, Tenant

 

  
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shall pay to Landlord interest on any rent that is not paid when due at the Agreed Interest Rate (defined in Section 13.B) from the date such amount became due until paid. Acceptance by
Landlord of such late charge shall not constitute a waiver of Tenant’s default with respect to such overdue amount nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In the event that a late charge is
payable hereunder, whether or not collected, for three (3) consecutive installments of Base Monthly Rent, then the Base Monthly Rent shall automatically become due and payable quarterly in advance, rather than monthly, notwithstanding any
provision of this Lease to the contrary. In no event shall this provision for a late charge be deemed to grant to Tenant a grace period or extension of time within which to pay any amount due under this Lease. 

 

	5.	SECURITY DEPOSIT: 

  

	 	A.	Amount and Purpose: 

Concurrently with Tenant’s execution of this Lease, Tenant shall provide Landlord a cash Security Deposit in the amount of Two
Hundred Forty Three Thousand Six Hundred Ninety Dollars ($243,690.00) (the “Security Deposit”). If Tenant defaults with respect to any provisions of the Lease, including but not limited to (i) the provisions relating to payment of
Base Monthly Rent or other charges in default, or any other amount which Landlord may spend or become obligated to spend by reason of Tenant’s default, or (ii) breach of any of Tenant’s obligations under this Section 5, Landlord
shall be entitled to draw upon the Security Deposit to cure such default or breach. Tenant’s failure to timely comply with its obligations under this Section 5 shall constitute a material default of Tenant, for which no notice or
opportunity to cure shall apply or be required before Landlord is entitled to draw upon the Security Deposit. The Security Deposit shall be held by Landlord as security for the faithful performance by Tenant of every term, covenant and condition of
this Lease applicable to Tenant, and not as prepayment of rent. Landlord may, but shall not be obligated to, and without waiving or releasing Tenant from any obligation under this Lease, use, apply or retain the whole or any part of the Security
Deposit reasonably necessary for

 
the payment of any amount which Landlord may spend by reason of Tenant’s default or as necessary to compensate Landlord for any loss or damage which Landlord may suffer by reason of
Tenant’s default, including without limitation loss of future rents due under this Lease upon termination of this Lease due to a default by Tenant and other damages recoverable under California Civil Code Section 1951.2. Landlord shall not
be deemed a trustee of the Security Deposit or any other funds held by Landlord, and Landlord shall not be required to keep the Security Deposit or any such other funds separate from its general funds. The Security Deposit and such other funds shall
not bear interest for the benefit of Tenant. If Tenant shall default more than three (3) times in any twelve (12) month period, irrespective of whether or not such default is cured, then the Security Deposit held by Landlord shall, within
ten (10) days after demand by Landlord, be increased by Tenant to an amount equal to three (3) times the Base Monthly Rent then payable. 
  

	 	B.	Requirements: 

 In the
event Landlord draws against the Security Deposit, Tenant shall replenish the remaining Security Deposit such that the aggregate amount of Security Deposit available to Landlord at all times during the Lease Term is the amount of the Security
Deposit originally required, as the same may be required to be increased as provided below. If Tenant performs every provision of this Lease to be performed by Tenant, the Security Deposit shall be returned to Tenant within thirty (30) days
after the Expiration Date and surrender of the Premises to Landlord in the condition required by this Lease, less any amount deducted in accordance with this Section 5, together with Landlord’s written notice itemizing the amounts and
purposes for such deduction. Tenant hereby waives California Civil Code Section 1950.7, or any similar law now or hereafter in effect (including, without limitation, any federal law) which may have the effect of limiting the circumstances under
which Landlord would be allowed to use or apply the Security Deposit or amount that could be so used or applied, or imposing a deadline for the return of the Security Deposit. In the event of termination of Landlord’s interest in this Lease,
Landlord 

 

  
 -4-

 
shall have the right to deliver the Security Deposit to Landlord’s successor in interest in the Premises and thereupon be relieved of further responsibility with respect to the Security
Deposit. Landlord shall have the right to grant a security interest therein to Landlord’s lenders, and shall have the right to deliver any portion of any Security Deposit to Landlord’s lenders in connection therewith, provided the Security
Deposit shall only be used in accordance with, and shall continue to be governed by, the terms and provisions of this Section 5. 
  

	6.	ACCEPTANCE OF POSSESSION AND COVENANTS TO SURRENDER: 

  

	 	A.	Landlord’s Work 

Prior to the Commencement Date, Landlord agrees to complete the improvements to the Premises (“Landlord’s Work”) outlined
in Exhibit “G” in compliance with all applicable Laws. 
  

	 	B.	Delivery and Acceptance: 

On the Commencement Date, Landlord shall deliver and Tenant shall accept possession of the Premises and enter into occupancy of the
Premises. By accepting possession, Tenant acknowledges that it has had an opportunity to conduct, and has conducted, such inspections of the Premises as it deems necessary to evaluate its condition. Except as otherwise specifically provided herein,
Tenant agrees to accept possession of the Premises in its existing condition as of the Commencement Date, subject to all Restrictions and without representation or warranty by Landlord (except as otherwise set forth herein). Tenant’s taking
possession of any part of the Premises shall be deemed to be an acceptance of any work of improvement done by Landlord in such part as complete and in accordance with the terms of this Lease except for “Punch List” type items of which
Tenant has given Landlord written notice within thirty (30) days after Tenant takes possession. At the time Landlord delivers possession of the Premises to Tenant, Landlord and Tenant shall together execute an acceptance agreement. Landlord
shall have no obligation to deliver possession, nor shall Tenant be entitled to take occupancy, of the Premises until such acceptance agreement has

 
been executed, and Tenant’s obligation to pay Base Monthly Rent and all other rent due under this Lease shall not be excused or delayed because of Tenant’s failure to execute such
acceptance agreement. Landlord’s “delivery of possession of” and Tenant’s “taking possession of” the Premises, as used in this Section 6, shall mean and refer to delivery of and taking possession of the Premises as
of the Commencement Date, not as of the early access period. 
 Notwithstanding the foregoing or anything else to the contrary
contained in this Lease, Landlord shall deliver the Premises to Tenant with the load bearing walls, foundations, roof and other structural elements of the Premises and the plumbing, electrical systems, fire sprinkler system, lighting, air
conditioning and heating systems and all other Building systems serving the Premises in good operating condition and repair. Any failure of the Premises to be in such condition on delivery shall be promptly remedied by Landlord, at Landlord’s
sole cost and expense, provided that Tenant notifies Landlord of such failure within ninety (90) days following the Commencement Date and such failure was not caused by Tenant or Tenant’s Agents. 

 

	 	C.	Condition Upon Surrender: 

 Tenant further agrees on the expiration or sooner termination of this Lease, to surrender the Premises to Landlord in good condition and repair, excepting normal wear and tear, damage by casualty and
maintenance, repair and replacement obligations that are the responsibility of Landlord hereunder. In this regard, “normal wear and tear” shall be construed to mean wear and tear caused to the Premises by the natural aging process which
occurs in spite of prudent application of the best standards for maintenance, repair, replacement, and janitorial practices, and does not include items of neglected or deferred maintenance. In any event, Tenant shall cause the following to be done
prior to the Expiration Date or sooner termination of this Lease: (i) all interior walls shall be paint-ready, (ii) all tiled floors shall be cleaned and waxed, (iii) all carpets (other than those beyond their useful lives) shall be
cleaned and shampooed, (iv) all broken, marred, stained or nonconforming acoustical ceiling tiles shall be 

 

  
 -5-

 
replaced, (v) all cabling placed above the ceiling by Tenant or Tenant’s contractors shall be removed, (vi) all windows shall be washed, (vii) the HVAC system shall be
serviced by a reputable and licensed service firm and left in “good operating condition and repair”, which condition shall be so certified by such firm, and (viii) the plumbing and electrical systems and lighting shall be placed in
good order and repair (including replacement of any burned out, discolored or broken light bulbs, ballasts, or lenses). On or before the Expiration Date or sooner termination of this Lease, Tenant shall remove all its personal property and trade
fixtures from the Premises. All property and trade fixtures not so removed shall be deemed as abandoned by Tenant. Tenant shall ascertain from Landlord and Landlord shall inform Tenant, at the time Landlord grants its consent to any Alteration (as
defined in Section 7 below) to be made by Tenant, whether Landlord desires to have any Alterations made by Tenant (as defined in Section 7 below) removed and the Premises or any parts thereof restored to a standard open office plan with
materials and finishes consistent with the other open office areas of the Premises, or to cause Tenant to surrender all Alterations in place to Landlord. If Landlord fails to specify, at the time of its consent, whether any Alteration is to be
removed upon the Expiration Date, then Landlord shall be deemed to have required its removal, unless otherwise specified in writing to Tenant. If Landlord does require removal, Tenant shall, at Tenant’s sole cost and expense, remove such
Alterations as Landlord requires and shall repair and restore said Premises or such parts thereof before the Expiration Date or sooner termination of this Lease. Such repair and restoration shall include causing the Premises to be brought into
compliance with all applicable building codes and laws in effect at the time of the removal, repair and restoration to the extent such compliance is necessitated by the removal, repair and restoration work. Notwithstanding the foregoing or anything
else to the contrary contained in this Lease, Tenant shall not be required to remove any of Landlord’s Work. 
  

	 	D.	Failure to Surrender: 

If the Premises are not surrendered at the Expiration Date or sooner termination of this

 
Lease in the condition required by Section 6.C and other provisions of this Lease, Tenant shall indemnify, defend with counsel reasonably acceptable to Landlord, and hold Landlord and
Landlord’s trustees, beneficiaries, shareholders, directors, officers, members, employees, partners, affiliates, agents, successors and assigns (collectively “Landlord Related Parties”) harmless from and against all claims,
liabilities, obligations, penalties, fines, actions, losses, damages, costs or expenses (including without limitation reasonable attorneys fees) resulting from delay by Tenant in so surrendering the Premises including, without limitation, any claims
made by any succeeding tenant founded on such delay and costs incurred by Landlord in returning the Premises to the required condition, plus interest thereon at the Agreed Interest Rate. If Tenant remains in possession of the Premises after the
Expiration Date or sooner termination of this Lease without Landlord’s consent, such hold over shall not constitute a renewal or extension of the Lease Term, Tenant’s continued possession shall be on the basis of a tenancy at sufferance,
and Tenant shall be liable to Landlord for the reasonable rental value of the Premises (which shall in no event be less than one hundred fifty percent (150%) of the Base Monthly Rent due in the month preceding the earlier termination or
Expiration Date, as applicable) plus all other amounts payable by Tenant under this Lease. In addition, if Tenant holds over without Landlord’s consent, Tenant shall indemnify, defend with counsel reasonably acceptable to Landlord, and hold
Landlord and the Landlord Related Parties harmless from and against all claims, liabilities, obligations, penalties, fines, actions, losses, damages, costs or expenses (including without limitation reasonable attorneys fees) resulting from delay by
Tenant in timely surrendering the Premises. If Tenant holds over after the Expiration Date or sooner termination of this Lease with Landlord’s consent, such holding over shall be construed as a month to month tenancy, at one hundred fifty
percent (150%) of the Base Monthly Rent for the month preceding expiration or sooner termination of this Lease in addition to all other rent due under this Lease, and shall otherwise be on the terms and conditions of this Lease, except those
provisions relating to the Lease Term and any options to extend or renew, which provisions shall be of no further force and

 

  
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effect. This provision shall survive the termination or expiration of the Lease. 
  

	7.	ALTERATIONS & ADDITIONS: 

  

	 	A.	General Provisions: 

Tenant shall not make, or suffer to be made, any alteration or addition to the Premises (“Alterations”), or any part thereof,
without obtaining Landlord’s prior written consent, not to be unreasonably withheld, conditioned or delayed; provided, however, that Tenant shall be permitted to make Alterations, following ten (10) business days notice to Landlord, but
without Landlord’s prior consent, to the extent that such Alterations (i) do not affect the Building systems or equipment, (ii) are not visible from the exterior of the Building, and (iii) cost less than $50,000.00 for a
particular job of work and less than $250,000.00 per year in the aggregate. With respect to any Alterations for which Landlord’s consent is required, Tenant shall deliver to Landlord the proposed architectural and structural plans for all such
Alterations at least fifteen (15) days prior to the start of construction. If such Alterations affect the structure of the Building, Tenant additionally agrees to reimburse Landlord its reasonable out-of-pocket costs incurred in reviewing
Tenant’s plans, not to exceed $1,500.00. After obtaining Landlord’s consent, Tenant shall not proceed to make such Alterations (a) until Tenant has obtained all required governmental approvals and permits, and (b) if such
Alterations cost in excess of $50,000.00, then, upon Landlord’s request, provides Landlord reasonable security, in form reasonably approved by Landlord, to protect Landlord against mechanics’ lien claims. Tenant agrees to provide Landlord
(i) not less than twenty (20) days prior written notice of the anticipated and actual start-date of the work, (ii) a complete set of half-size (15” X 21”) vellum as-built drawings, and (iii) a certificate of occupancy
for the work upon completion of the Alterations. All Alterations shall be constructed by a licensed general contractor in compliance with all applicable Laws including, without limitation, all building codes, Sustainability Requirements and the
Americans with Disabilities Act of 1990 as amended from time to time. Upon the Expiration Date or sooner termination of this Lease, all Alterations, except

 
movable furniture and trade fixtures, shall become a part of the realty and belong to Landlord but shall nevertheless be subject to removal by Tenant as provided in Section 6.C. Alterations
which are not deemed as trade fixtures include without limitation heating, lighting, electrical systems, air conditioning, walls, carpeting, or any installation which has become an integral part of the Premises. All Alterations shall be maintained,
replaced or repaired by Tenant at its sole cost and expense. In no event shall Landlord’s approval of, or consent to, any contractor, Alterations, or any plans, specifications and drawings for any Alterations constitute a representation or
warranty by Landlord of (i) the accuracy or completeness of the plans, specifications, drawings and Alterations or the absence of design defects or construction flaws therein, or the qualification of any person or entity, or
(ii) compliance with applicable Laws, and Tenant agrees that Landlord shall incur no liability by reason of such approval or consent. Once any Alterations begin, Tenant shall diligently and continuously pursue their completion. 

 

	 	B.	Free From Liens: 

Tenant shall keep the Premises free from all liens arising out of work performed, materials furnished, or obligations incurred by Tenant
or claimed to have been performed for or furnished to Tenant. In the event Tenant fails to discharge any such lien within ten (10) business days after receiving notice of the filing, Landlord shall immediately be entitled to discharge the lien
at Tenant’s expense and all resulting costs incurred by Landlord, including attorney’s fees shall be due immediately from Tenant as additional rent. 
  

	 	C.	Compliance With Governmental Regulations: 

 The term Laws or Governmental Regulations shall include all federal, state, county, city or governmental agency laws, statutes, ordinances, codes, standards, rules, requirements, regulations,
Sustainability Requirements or orders now in force or hereafter enacted, promulgated, or issued. The term also includes government measures regulating or enforcing public access, traffic mitigation, occupational, health, or safety

 

  
 -7-

 
standards for employers, employees, landlords, or tenants. Tenant, at Tenant’s sole expense will comply with all such Governmental Regulations applicable to the Premises or the Tenant’s
use of the Premises and shall make all repairs, replacements, alterations, or improvements necessary to comply with said Governmental Regulations. The judgment of any court of competent jurisdiction or the admission of Tenant in any action or
proceeding against Tenant (whether Landlord be a party thereto or not) that Tenant has violated any such law, regulation or other requirement in its use of the Premises shall be conclusive of that fact as between Landlord and Tenant. Tenant’s
obligations pursuant to this Section 7.C shall include, without limitation, maintaining and restoring the Premises and making structural and nonstructural alterations and additions to the Premises, Building and Common Area in compliance and
conformity with all Laws and recorded documents to the extent required because of Tenant’s particular use of the Premises or any work or Alteration made by or on behalf of Tenant during the Lease Term. The foregoing shall include, without
limitation, compliance with and improvements required by the Americans With Disabilities Act or any similar Laws, as they may be amended from time to time. Landlord’s approval of any Alteration or other act by Tenant shall not be deemed to be a
representation by Landlord that said Alteration or act complies with applicable Laws, and Tenant shall remain solely responsible for said compliance. Notwithstanding the foregoing provisions of this Section 7.C, Landlord will be responsible for
causing the Premises, the Building and the Common Areas, to comply with applicable Laws and Government Regulations as of the Commencement Date. 
  

	 	D.	Insurance Requirements: 

Tenant shall maintain during the course of construction of its Alterations, at its sole cost and expense, builders’ risk insurance
for the amount of the completed value of the Alterations on an all-risk non-reporting form covering all improvements under construction, including building materials, and other insurance in amounts and against such risks as Landlord shall reasonably
require in connection with the Alterations. In addition to and without limitation

 
on the generality of the foregoing, Tenant shall ensure that its contractors procure and maintain in full force and effect during the course of construction a “broad form” commercial
general liability and property damage policy of insurance naming Landlord, Tenant, any property manager designated by Landlord and Landlord’s lenders as additional insureds. The minimum limit of coverage of the aforesaid policy shall be in the
amount of not less than One Million Dollars ($1,000,000.00) per occurrence and One Million Dollars ($1,000,000.00) annual aggregate, and shall contain a severability of interest clause or a cross liability endorsement. If Commercial General
Liability Insurance or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to this project/location or the general aggregate limit shall be twice the required occurrence limit. 

 

	8.	MAINTENANCE OF PREMISES: 

  

	 	A.	Landlord’s Obligations: 

 Landlord, at its sole cost and expense, shall maintain in good condition, order, and repair, and replace as and when necessary, the structural components of the Building including the foundation, exterior
load bearing walls and roof structure, except that the cost to repair any damage caused by Tenant or Tenant’s Agents shall be paid for by Tenant to the extent the cost of repair is not fully paid to Landlord from available insurance proceeds.

 Landlord shall also operate, manage and maintain (including, without limitation, contracting for regular maintenance and
service), and replace as and when necessary, (i) the Common Area in such manner reasonably determined by Landlord, (ii) the parking lot and all underground utility facilities servicing the Premises, (iii) all waterscape, landscaping
and shrubbery, and (iv) exterior window washing; and to the extent Tenant elects not to maintain and repair, and replace as and when necessary, the following: (1) the Building’s automatic fire extinguisher equipment, (2) elevator
equipment, and (3) the Building’s roof membrane system. The cost of the foregoing, to the extent undertaken by Landlord, shall be part of

 

  
 -8-

 
Reimbursable Operating Costs (defined in Section 8.D). 
  

	 	B.	Tenant’s Obligations: 

 Tenant shall clean, maintain, repair and replace when necessary the Building and every part thereof, except to the extent Landlord is required by Section 8.A. to maintain the same or undertake the
following as Reimbursable Operating Costs (as defined in Section 8.D below), through regular inspections and servicing, including but not limited to the following: (i) all plumbing and sewage facilities serving the Premises, (ii) all
heating ventilating and air conditioning facilities and equipment serving the Premises, (iii) all fixtures, interior walls, floors, carpets and ceilings, (iv) all windows, door entrances, plate glass and glazing systems including caulking,
and skylights (other than exterior window washing), and (v) all electrical facilities and equipment. All wall surfaces and floor tile are to be maintained in an as good a condition as when Tenant took possession free of holes, gouges, or
defacements. \With respect to item (ii) above, Tenant shall provide Landlord a copy of a service contract between Tenant and a licensed service contractor providing for periodic maintenance of all such systems or equipment in conformance with
the manufacturer’s recommendations. Tenant shall provide Landlord a copy of such preventive maintenance contracts and paid invoices for the recommended work if requested by Landlord. To the extent that any item in (i) through
(v) above is determined by Landlord to be for the benefit of more than one (1) tenant or occupant of the Building or Project, Landlord shall assume the obligation to clean, maintain, repair and replace the same as Reimbursable Operating
Costs (as defined in Section 8.D below) and Tenant shall have no obligation to clean, maintain, repair or replace such item. Tenant shall arrange for and pay directly for regular janitorial service for the Premises. 

 

	 	C.	Obligations Regarding Reimbursable Operating Costs: 

 In addition to the direct payment by Tenant of expenses as provided in Section 8.B, 9, 10 and 11 of this Lease, Tenant agrees to reimburse

 
Landlord for Tenant’s Allocable Share (as defined in Section 8.E below) of Reimbursable Operating Costs (as defined in Section 8.D below) resulting from Landlord payment of
expenses related to the Building or Project which are not otherwise paid by Tenant directly. Landlord shall have the right to periodically provide Tenant with a written estimate of Reimbursable Operating Costs for the next twelve (12) months
and Tenant shall thereafter, until Landlord revises such estimate, pay to Landlord as additional rental, along with its Base Monthly Rent, one twelfth of Tenant’s Allocable Share of the Reimbursable Operating Costs as estimated by Landlord.
Within ninety (90) days after the end of each calendar year during the Term Landlord shall deliver to Tenant a statement (“Annual Statement”) in which Landlord shall set forth the actual expenditures for Reimbursable Operating Costs
for such calendar year and Tenant’s Allocable Share thereof. The Annual Statement shall be certified by an authorized officer of Landlord to be correct. If the Annual Statement shows that Tenant’s payments of estimated Reimbursable
Operating Costs exceeded Tenant’s actual obligation in respect of such calendar year, Landlord shall accompany said Annual Statement with a payment to Tenant of the amount of such excess. If the Annual Statement shows that Tenant’s
payments of estimated Reimbursable Operating Costs were less than its actual obligation in respect of such calendar year, Tenant shall pay said difference to Landlord within thirty (30) days of Tenant’s receipt of the Annual Statement.

 Provided no event of default exists hereunder and Tenant has timely paid the amount set forth in the applicable Annual
Statement, Tenant, through an independent certified public accounting firm hired by Tenant on a non-contingent fee basis, shall have the right, during regular business hours, at the management office for the Project, and after giving at least thirty
(30) days’ advance written notice to Landlord, to commence to have Landlord’s books and records related to Reimbursable Operating Costs for the subject Lease year reviewed. Any review of a particular Lease year’s Reimbursable
Operating Costs must be completed within ninety (90) days after Tenant’s receipt of the applicable Annual Statement. In the event the results of the review

 

  
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of records reveals that Tenant was overcharged with respect to Reimbursable Operating Costs for the preceding Lease year, then Tenant shall be credited the overage applicable to Tenant against
Tenant’s subsequent installment of rent or other payments due to Landlord under the Lease. In the event that such results show that Tenant has underpaid its obligations for a preceding period, the amount of such underpayment shall be paid by
Tenant to Landlord within thirty (30) days of such determination. All costs and expenses of any such review shall be paid by Tenant; provided, however, that if the amount of Reimbursable Operating Costs were overstated by Landlord by more than
ten percent (10%), Landlord shall reimburse Tenant for the commercially reasonable, out of pocket expense incurred by Tenant in connection with Tenant’s review. 
  

	 	D.	Reimbursable Operating Costs: 

 For purposes of calculating Tenant’s Allocable Share of Building and Project costs, the term “Reimbursable Operating Costs” is defined as all costs and expenses which are incurred by
Landlord in connection with ownership and operation of the Building or the Project in which the Premises are located, together with such additional facilities as may be determined by Landlord to be reasonably desirable or necessary to the ownership
and operation of the Building and/or Project. All costs and expenses shall be determined in accordance with generally accepted accounting principles which shall be consistently applied (with accruals appropriate to Landlord’s business).
Reimbursable Operating Costs shall include, but not be limited to, the following to the extent the obligation therefor is not that of Tenant under the provisions of Section 8.B above: (i) common area utilities, including water, power,
telephone, heating, lighting, air conditioning, ventilating, and Building utilities to the extent not separately metered; (ii) common area maintenance and service agreements for the Building and/or Project and the equipment therein, including
without limitation, common area janitorial services, alarm and security services, exterior window cleaning, and maintenance of the sidewalks, landscaping, waterscape, roof membrane, parking areas, driveways, service areas, mechanical rooms,

 
elevators, and the building exterior; (iii) insurance premiums and costs, including without limitation, the premiums and cost of fire, casualty and liability coverage and rental abatement
and, if required by Landlord’s Mortgagee (defined below) or elected by Tenant, earthquake insurance applicable to the Building or Project; (iv) repairs, replacements and general maintenance (excluding repairs and general maintenance paid
by proceeds of insurance or by Tenant or other third parties other than as Reimbursable Operating Costs, and repairs or alterations attributable solely to tenants of the Building or Project other than Tenant); (v) all real estate taxes and
assessment installments or other impositions or charges which may be levied on the Building or Project, upon the occupancy of the Building or Project and including any substitute or additional charges which may be imposed during, or applicable to
the Lease Term including real estate tax increases due to a sale, transfer or other change of ownership of the Building or Project, as such taxes are levied or appear on the City and County tax bills and assessment rolls, but excluding the actual
transfer tax; (vi) costs of complying with Sustainability Requirements; (vii) deductibles under insurance policies, up to $50,000 (or such other commercially reasonable amount); (viii) capital expenditures, which shall be amortized
over their useful lives as reasonably determined by Landlord, together with interest on the unpaid portion of such expenditure at the Agreed Interest Rate; and any of items (i) through (vi) in Section 8.B above to the extent Landlord
has elected to assume with respect thereto the obligations for cleaning, maintenance, repair and/or replacement. 

Notwithstanding the foregoing, Reimbursable Operating Costs hereunder shall not include: (1) charges for electricity, water or
other utilities or services and applicable taxes to the extent Tenant is obligated to pay the same directly pursuant to other provisions of this Lease, or to the extent any other tenant, occupant, person or other party directly reimburses Landlord
(other than as a Reimbursable Operating Cost or on the basis of its proportionate share thereof); (2) commissions, concessions, allowances, tenant improvements, advertising and other expenses incurred in connection with preparing, staging and
leasing space in the Project; (3) depreciation and costs 

 

  
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required to be capitalized in accordance with generally accepted accounting practices, except for amortization of capital costs as provided above; (4) costs for which reimbursement is
received from Landlord’s insurer, under warranty, by condemnation or by other third party; (5) ground rental payments or payments of mortgage fees, interest and/or principal; (6) the cost of initial design and construction of the
Project and repair of defects associated therewith; (7) costs, fines or penalties incurred due to a violation by Landlord of any applicable Law or a violation of any other tenant leases at the Project; (8) any cost representing an amount
paid to a person, firm, corporation or other entity controlled by or related to Landlord to the extent materially in excess of the amount which would have been paid in an arms-length negotiation under then-current market conditions;
(9) Landlord’s general overhead except to the extent reasonably attributable and allocated, if appropriate, to the operation and management of the Project; (10) costs of acquiring and securing sculptures, paintings and other works of
art; (11) charitable or political contributions; (12) bad debt loss, rent loss, or reserves for bad debts or rent loss; (13) the costs of abating or removing Hazardous Materials (defined below) that (A) existed at the Premises or
Project prior to the Commencement Date, (B) migrated thereon after the Commencement Date due to no fault of Tenant or any of Tenant’s Agents, or (C) were brought to the Premises or Project by Landlord or any Landlord Related Party
(defined below); and (14) legal fees and costs incurred in connection with the negotiation of leases or disputes with other tenants of the Project, a violation of law by Landlord or Landlord’s agents, employees or contractors, or the sale,
transfer, financing or re-financing of the Project. 
 Landlord shall have no obligation to provide guard services or other
security measures for the benefit of the Project. Tenant assumes all responsibility for the protection of Tenant and Tenant’s Agents from acts of third parties; provided, however, that nothing contained herein shall prevent Landlord, at its
sole option, from providing security measures for the Project. This is a “Net” Lease, meaning that Base Monthly Rent is paid to Landlord absolutely net of all costs and expenses, except only those costs which

 
this Lease expressly states shall be paid by Landlord at Landlord’s sole cost. The provision for payment of Reimbursable Operating Costs by means of monthly payment of Tenant’s
Allocable Share of Building and/or Project Costs is intended to pass on to Tenant and reimburse Landlord for all costs of operating and managing the Building and/or Project, other than those costs which this Lease expressly states shall be paid by
Landlord at Landlord’s sole cost. If less than one hundred percent of the Building and other Project buildings is leased at any time during the Lease Term, Landlord shall adjust Reimbursable Operating Costs to equal Landlord’s reasonable
estimate of what Reimbursable Operating Costs would be had one hundred percent (100%) of the Building and the other Project buildings been leased. 
  

	 	E.	Tenant’s Allocable Share: 

 For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating
Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or
(ii) the total rentable square footage of the buildings in the Project if the service or cost is allocable to the entire Project, or (iii) the total rentable square footage of the premises of those tenant’s or occupants that Landlord
determines to be benefiting from such service or facility. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement and Expiration Dates and is subject to recalculation in the event of
expansion or contraction of the rentable square footage of the Building or Project. Notwithstanding the foregoing or anything else to the contrary contained in the Lease, for purposes of calculating the Reimbursable Operating Costs, the rentable
square footage of the Premises shall be deemed to be 55,440 for months 1-10 of the Lease Term, 83,440 for months 11-19 of the Lease Term, and then 113,381 for the remainder of the Lease Term.

 

  
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	 	F.	Waiver of Liability: 

Failure by Landlord to perform any defined services, or any cessation thereof, when such failure is caused by accident, breakage,
repairs, strikes, lockout or other labor disturbances or labor disputes of any character or by any other cause, similar or dissimilar, shall not render Landlord liable to Tenant in any respect, including damages to either person or property, nor be
construed as an eviction of Tenant, nor cause an abatement of rent, nor relieve Tenant from fulfillment of any covenant or agreement hereof. Should any equipment or machinery utilized in supplying the services listed herein break down or for any
cause cease to function properly, upon receipt of written notice from Tenant of any deficiency or failure of any services, Landlord shall use reasonable diligence to repair the same promptly, but Tenant shall have no right to terminate this Lease
and shall have no claim for rebate of rent or damages on account of any interruptions in service occasioned thereby or resulting therefrom. Tenant waives the provisions of California Civil Code Sections 1941 and 1942 concerning the Landlord’s
obligation of tenantability and Tenant’s right to make repairs and deduct the cost of such repairs from the rent, and any similar Law now or hereafter in effect. Landlord shall not be liable for a loss of or injury to person or property,
however occurring, through or in connection with or incidental to furnishing, or its failure to furnish, any of the foregoing. 
  

	9.	INSURANCE: 

  

	 	A.	Tenant’s Use: 

Tenant shall not use or permit the Premises, or any part thereof, to be used for any purpose other than that for which the Premises are
hereby leased; and no use of the Premises shall be made or permitted, nor acts done, which will cause an increase in premiums or a cancellation of any insurance policy covering the Premises or any part thereof, nor shall Tenant sell or permit to be
sold, kept, or used in or about the Premises, any article prohibited by the standard form of fire insurance policies. Tenant shall, at its sole cost, comply with all requirements of any insurance company or organization necessary for the maintenance
of reasonable fire and public liability

 
insurance covering the Premises and appurtenances. 
  

	 	B.	Landlord’s Insurance: 

 Landlord agrees to purchase and keep in force All Risk and fire insurance in an amount equal to the replacement cost of the Building excluding any improvements made by Tenant not typically required for
office uses (“Specialized Tenant Improvements”) or Alterations as determined by Landlord’s insurance company’s appraisers. In addition, if required by its Mortgagee or if Tenant elects, Landlord may elect to purchase insurance
coverage for perils including earthquake, flood and/or terrorist acts, in amounts and with deductibles reasonably determined by Landlord and acceptable to Mortgagee and Tenant. Landlord may also maintain a policy of (i) commercial general
liability insurance insuring Landlord (and such others designated by Landlord) against liability for personal injury, bodily injury, death and damage to property occurring or resulting from an occurrence in, on or about the Premises or Project in an
amount as Landlord determines is reasonably necessary for its protection, and (ii) rental loss insurance covering a twelve (12) month period. Tenant agrees to pay Landlord as additional rent, within ten (10) business days after
written invoice to Tenant, Tenant’s Allocable Share of the amount of any deductible under such policy, provided that if damage is confined to the Premises, Tenant shall pay the entire deductible to Landlord; provided, however, Tenant’s
portion of any deductible shall not exceed $50,000 (or such other commercially reasonable amount). It is understood and agreed that Tenant’s obligation under this Section 9.B will be prorated to reflect the Lease Commencement and
Expiration Dates. 
  

	 	C.	Tenant’s Insurance: 

Tenant agrees, at its sole cost, to insure its personal property, trade fixtures, Specialized Tenant Improvements and Alterations
against damage for their full replacement value (without depreciation). Said insurance shall provide All Risk and fire coverage equal to the replacement cost of said property. The property insurance provided by Tenant as required by this paragraph
shall be carried in favor of Landlord and Tenant 

 

  
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as their respective interests may appear and shall provide that any loss to Alterations shall be adjusted with and be payable to both Landlord and Tenant. Tenant shall deliver a copy of the
policy and renewal certificate to Landlord. Tenant agrees, at its sole cost, to obtain and maintain throughout the Lease Term Commercial General Liability insurance for occurrences within the Project with a combined single limit of not less than
Five Million Dollars ($5,000,000.00) and worker’s compensation insurance with limits as required by Law. Tenant’s liability insurance shall be primary insurance containing a cross-liability endorsement, and shall provide coverage on an
“occurrence” rather than on a “claims made” basis. All such insurance shall provide for severability of interests; shall provide that an act or omission of one of the named (additional) insureds shall not reduce or avoid coverage
to the other named (additional insureds). Tenant shall name Landlord and Landlord’s lenders as additional insureds and shall deliver a copy of the policies and renewal certificates to Landlord. All insurance policies required under this
Section 9.C shall provide for thirty (30) days’ prior written notice to Landlord of any cancellation, termination, or reduction in coverage. Notwithstanding the above, Landlord retains the right to have Tenant provide other forms of
insurance which may be reasonably required to cover future risks. 
  

	 	D.	Waiver: 

 Landlord and
Tenant hereby waive all tort, contract or other rights each may have against the other on account of any loss or damage sustained by Landlord or Tenant, as the case may be, or to the Premises or its contents, which may arise from any risk covered by
their respective insurance policies (or which would have been covered had such insurance policies been maintained in accordance with this Lease) as set forth above; provided that such waiver shall be effective only to the extent permitted by the
insurance covering such loss. The Parties shall each obtain from their respective insurance companies a waiver of any right of subrogation which said insurance company may have against Landlord or Tenant, as the case may be.

	10.	TAXES: 

 Tenant shall be
liable for and shall pay as additional rent, prior to delinquency, all taxes and assessments levied against Tenant’s personal property and trade or business fixtures. All real estate taxes shall be prorated to reflect the Lease Commencement and
Expiration Dates. If, at any time during the Lease Term a tax, excise on rents, business license tax or any other tax, however described, is levied or assessed against Landlord as a substitute or addition, in whole or in part, for taxes assessed or
imposed on land or buildings, Tenant shall pay and discharge its pro rata share of such tax or excise on rents or other tax before it becomes delinquent; except that this provision is not intended to cover net income taxes, documentary stamp or
transfer tax, inheritance, gift or estate tax imposed upon Landlord. In the event that a tax is placed, levied, or assessed against Landlord and the taxing authority takes the position that Tenant cannot pay and discharge its pro rata share of such
tax on behalf of Landlord, then at Landlord’s sole election, Landlord may demand from Tenant, as additional rent, the exact amount of such tax and Tenant shall pay such increase. 

 

	11.	UTILITIES: 

 Tenant
shall arrange for and pay directly to the providing utility all water, gas, electric, telephone, and other utilities supplied to the Premises. Landlord shall not be liable for loss of or injury to person or property, however occurring, through or in
connection with or incidental to furnishing or the utility company’s failure to furnish utilities to the Premises or any other portion of the Project, and in such event Tenant shall not be entitled to abatement or reduction of any portion of
Base Monthly Rent or any other amount payable under this Lease. 
 Notwithstanding the foregoing, if all or a material portion
of the Premises is made untenantable or inaccessible for more than five (5) consecutive business days, after notice from Tenant to Landlord, by a service interruption caused by the gross negligence or willful misconduct of Landlord or
Landlord’s agents or employees, then, as Tenant’s sole remedy, Base Monthly Rent shall abate for the period beginning

 

  
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on the day immediately following such 5-business-day period and ending on the day such service interruption ends, but only in proportion to the percentage of the rentable square footage of the
Premises made untenantable or inaccessible. 
  

	12.	TOXIC WASTE AND ENVIRONMENTAL DAMAGE: 

  

	 	A.	Use of Hazardous Materials: 

 Without the prior written consent of Landlord, neither Tenant, nor any subtenant of the Premises (of any tier in the chain of title) or any of Tenant’s or such subtenant’s agents, employees,
representatives, affiliates, architects, contractors (including without limitation subcontractors of all tiers), suppliers, vendors, subtenants, licensees or invitees (collectively “Tenant’s Agents”), shall cause or permit any
Hazardous Materials, as defined below, to be generated, brought onto, used, stored, created, released or disposed of in or about the Premises or Project, except that Tenant may use and store small quantities of common household cleaners and office
supplies on the Premises provided such use and storage is in strict compliance with all Environmental Laws, as defined below. 

As used herein, the term “Hazardous Materials” shall mean any and all substances, materials or wastes (whether liquid, solid
or gaseous), which are a pollutant or contaminant, or which are hazardous, toxic, ignitable, reactive, corrosive, dangerous, harmful or injurious, or which present a risk to public health or the environment, or which are or may become regulated by
or under the authority of any Environmental Laws, as defined below, including, without limitation, asbestos or asbestos containing materials, petroleum products, pesticides, polychlorinated biphenyls, flammable explosives, radioactive materials and
urea formaldehyde. As used herein, the term “Environmental Laws” shall mean any present or future federal, state or local Laws, whether common law, statute, rule, regulation or ordinance, judgment, order, or other governmental restriction,
guideline, listing or requirement, relating to the environment or any Hazardous Materials, including without limitation, the Comprehensive Environmental

 
Response, Compensation, and Liability Act of 1980, 42 U.S.C. §9601 et seq., the Resource Conservation and Recovery Act of 1976, 42 U.S.C. §6901 et seq., and applicable provisions of the
California Health and Safety Code and the California Water Code, all as heretofore or hereafter may be amended from time to time. As used in this Section 12, the phrase “by anyone else at the Premises with the permission of Tenant”
assumes that Tenant has used commercially reasonable efforts to secure the Premises from trespassers and intruders. 
 In
order to obtain consent, Tenant shall deliver to Landlord its written proposal describing the Hazardous Materials to be brought onto the Premises, measures to be taken for storage and disposal thereof, and safety measures to be employed to prevent
pollution or contamination of the air, soil, surface and ground water. Landlord’s approval may be withheld in its reasonable judgment. In the event Landlord consents to Tenant’s use of Hazardous Materials on the Premises or such consent is
not required, Tenant represents and warrants that it shall comply with all Governmental Regulations applicable to Hazardous Materials including doing the following: (i) adhere to all reporting and inspection requirements imposed by Federal,
State, County or Municipal Laws and provide Landlord a copy of any such reports or agency inspections; (ii) obtain and provide Landlord copies of all necessary permits required for the use and handling of Hazardous Materials on the Premises;
(iii) enforce Hazardous Materials handling and disposal practices consistent with industry standards; (iv) surrender the Premises and Project free from any and all Hazardous Materials generated, brought, used, stored, created, released, or
disposed of by Tenant or Tenant’s Agents or by anyone else at the Premises with the permission of Tenant (other than Landlord or Landlord’s agents, employees or contractors) coming onto the Premises; and (v) properly close the
facility with regard to Hazardous Materials including the removal or decontamination of any process piping, mechanical ducting, storage tanks, containers, or trenches which have come into contact with Hazardous Materials and obtaining a closure
certificate from the local administering agency 

 

  
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prior to the Expiration Date or sooner termination of this Lease. 
  

	 	B.	Tenant’s Indemnity Regarding Hazardous Materials: 

 Tenant shall, at its sole cost and expense and with counsel reasonably acceptable to Landlord, indemnify, defend and hold harmless Landlord and the Landlord Related Parties from and against any and all
claims, liabilities, obligations, penalties, fines, actions, losses, damages, costs or expenses (including without limitation reasonable attorneys fees) incurred or suffered arising from generating, bringing, using, storing, creating, releasing or
disposing of Hazardous Materials in or about the Premises or Project by Tenant or Tenant’s Agents, or by anyone else coming onto the Premises with the permission of Tenant (other than Landlord or Landlord’s agents, employees and
contractors), or the violation of any Governmental Regulation or Environmental Laws by Tenant or Tenant’s Agents or by anyone else coming onto the Premises with the permission of Tenant (other than Landlord or Landlord’s agents, employees
or contractors). This indemnification, defense and hold harmless obligation applies whether or not the concentrations of any such Hazardous Materials exceed applicable maximum contaminant or action levels or any governmental agency has issued a
cleanup order. Tenant’s indemnification, defense, and hold harmless obligations include, without limitation, the following: (i) claims, liabilities, costs or expenses resulting from or based upon administrative, judicial (civil or
criminal) or other action, legal or equitable, brought by any private or public person under present or future Laws, including Environmental Laws; (ii) claims, liabilities, costs or expenses pertaining to the assessment and identification,
monitoring, cleanup, containment, or removal of Hazardous Materials from soils, riverbeds or aquifers including the provision of an alternative public drinking water source; (iii) losses attributable to diminution in the value of the Premises,
Building or Project (iv) loss or restriction of use of rentable space in the Building or Project; and (v) all other liabilities, obligations, penalties, fines, claims, actions (including remedial or enforcement actions of any kind and
administrative or judicial proceedings, orders or judgments), damages

 
(including consequential and punitive damages), and costs (including attorney, consultant, and expert fees and expenses) resulting from the release or violation. This Section 12.B shall
survive the expiration or termination of this Lease. 
 Notwithstanding anything to the contrary contained in the foregoing,
Tenant shall have no liability or responsibility with respect to Hazardous Materials (a) present at or about the Premises, Building or Project prior to the Commencement Date and not introduced by Tenant or Tenant’s Agents, (b) that
emanate onto the Premises, Building or Project from outside thereof that are not the responsibility of Tenant or Tenant’s Agents under this Section 12, or (c) that are introduced to the Premises, Building or Project by Landlord, any
Landlord Related Party or other tenants of the Building or Project. This Section 12.B shall survive the expiration or termination of this Lease. 
  

	 	C.	Notice of Release or Violation: 

 If, during the Lease Term (including any extensions), Tenant becomes aware of (i) any actual or threatened release of a Hazardous Materials on, under or about the Premises or Project or (ii) any
inquiry, investigation, proceeding, claim, notice or order by any private or public person or entity regarding the presence of Hazardous Materials on, under or about the Premises or Project, including without limitation alleged violations of
Environmental Laws by Tenant or Tenant’s Agents, Tenant shall give Landlord written notice of the release or investigation within five (5) days after learning of it and shall simultaneously and thereafter furnish Landlord with copies of
any claims, notices of violation, reports, or other writings received by Tenant concerning the release or investigation. In the event of an actual release of Hazardous Materials, Tenant shall also give Landlord immediate verbal notice of such
release. In the event of any release on or into the Premises or any portion of the Project or into the soil or ground water under the Premises, the Building or the Project of any Hazardous Materials used, treated, stored or disposed of by Tenant or
Tenant’s Agents or by anyone else at the Premises or Project with the permission of Tenant

 

  
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(other than Landlord or Landlord’s agents, employees or contractors) coming onto the Premises, Tenant agrees to comply, at its sole cost, with all laws, regulations, ordinances and orders of
any federal, state or local agency relating to the monitoring or remediation of such Hazardous Materials. In the event of any such release of Hazardous Materials Tenant shall immediately give verbal and follow-up written notice of the release to
Landlord, and Tenant agrees to meet and confer with Landlord and any lender designated by Landlord to attempt to eliminate and mitigate any financial exposure to such lender and resultant exposure to Landlord under California Code of Civil Procedure
Section 736(b) as a result of such release, and promptly to take reasonable monitoring, cleanup and remedial steps given, inter alia, the historical uses to which the Project has and continues to be used, the risks to public health posed by the
release, the then available technology and the costs of remediation, cleanup and monitoring, consistent with acceptable customary practices for the type and severity of such contamination and all applicable Laws. Nothing in the preceding sentence
shall eliminate, modify or reduce the obligation of Tenant under 12.B of this Lease to indemnify, defend and hold Landlord and the Landlord Related Parties harmless. Tenant shall provide Landlord prompt written notice of Tenant’s monitoring,
cleanup and remedial steps. In the absence of an order of any federal, state or local governmental or quasi-governmental agency relating to the cleanup, remediation or other response action required by applicable law, any dispute arising between
Landlord and Tenant concerning Tenant’s obligation to Landlord under this Section 12.C concerning the level, method, and manner of cleanup, remediation or response action required in connection with such a release of Hazardous Materials
shall be resolved by mediation and/or arbitration pursuant to this Lease. 
  

	 	D.	Remediation Obligations: 

In the event of any release on, under or about the Premises or the Project of any Hazardous Materials generated, brought onto, used,
stored, created or disposed of by Tenant or Tenant’s Agents or by anyone else at the Premises or Project with the permission of Tenant (other than

 
Landlord or Landlord’s agents, employees or contractors) coming onto the Premises, Tenant shall, at its sole cost, promptly take all necessary and appropriate actions, in compliance with
applicable Environmental Laws, to remove or remediate such Hazardous Materials, whether or not any governmental agency has issued a cleanup order, so as to return the Premises and Project to the condition that existed before the introduction of such
Hazardous Materials. Tenant shall obtain Landlord’s written consent prior to implementing any proposed removal or remedial action, provided, however, that Tenant shall be entitled to respond immediately to an emergency without first obtaining
Landlord’s written consent. Nothing in the preceding sentence shall in any way eliminate, modify or reduce the obligation of Tenant under 12.B of this Lease to indemnify, defend and hold Landlord and the Landlord Related Parties harmless.

  

	 	E.	Environmental Monitoring: 

 Landlord and its agents shall have the right to inspect, investigate, sample and monitor the Premises, including any air, soil, water, ground water, or to conduct any other sampling or testing, digging,
drilling or analysis, to determine whether Tenant is complying with the terms of this Section 12. If Landlord discovers that Tenant is not in compliance with the terms of this Section 12, any costs incurred by Landlord in determining
Tenant’s non compliance, including attorneys’, consultants’ and experts’ fees, shall be due and payable by Tenant to Landlord within five (5) days following Landlord’s written demand therefor. 

 

	13.	TENANT’S DEFAULT 

  

	 	A.	Events of Default 

 The
occurrence of any of the following shall constitute a material default and breach of this Lease by Tenant: (i) Tenant’s failure to pay the Base Monthly Rent or any other payment due under this Lease (including additional rent) by the date
such amount is due, which failure continues for five (5) days past due, (ii) the abandonment or vacation of the Premises by Tenant in excess of thirty (30) consecutive days; (iii) Tenant’s failure to observe and perform any
other required 

 

  
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provision of this Lease, where such failure continues for thirty (30) days after written notice from Landlord, except that if this Lease expressly provides that no notice or cure is required
for a breach or default to exist then such thirty (30) day notice and cure period shall not apply; (iv) Tenant’s making of any general assignment for the benefit of creditors; (v) the filing by or against Tenant of a petition to
have Tenant adjudged a bankrupt or of a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against Tenant, the same is dismissed within thirty (30) days after the filing);
(vi) the appointment of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where possession is not restored to Tenant within thirty
(30) days; (vii) the attachment, execution or other judicial seizure of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where such seizure is not discharged within thirty
(30) days; or (viii) the occurrence of any other event described as a default elsewhere in this Lease or any amendment thereto regardless of whether such event is defined as a material default and breach of this Lease in this
Section 13. 
  

	 	B.	Remedies: 

 In the event
of any default by Tenant, then in addition to other remedies available to Landlord at law or in equity, Landlord shall have the immediate option to terminate this Lease and all rights of Tenant hereunder by giving written notice of such intention to
terminate. In the event Landlord elects to so terminate this Lease, Landlord may recover from Tenant all the following: (i) the worth at time of award of any unpaid rent which had been earned at the time of such termination; (ii) the worth
at time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss for the same period that Tenant proves could have been reasonably avoided;
(iii) the worth at time of award of the amount by which the unpaid rent for the balance of the Lease Term after the time of award exceeds the amount of such rental loss that Tenant proves could be reasonably avoided; (iv) any other amount

 
necessary to compensate Landlord for all detriment proximately caused by Tenant’s failure to perform its obligations under this Lease, or which in the ordinary course of things would be
likely to result therefrom; including the following: (x) expenses for repairing, altering or remodeling the Premises for purposes of reletting, (y) broker’s fees, advertising costs or other expenses of reletting the Premises, and
(z) costs of carrying the Premises such as taxes, insurance premiums, utilities and security precautions; and (v) at Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be permitted by applicable
California law. The term “rent”, as used in this Lease, is defined as the minimum monthly installments of Base Monthly Rent and all other sums required to be paid by Tenant pursuant to this Lease, all such other sums being deemed as
additional rent due hereunder. As used in (i) and (ii) above, “worth at the time of award” shall be computed by allowing interest at a rate equal to the greater of the following (the “Agreed Interest Rate”) (i) the
discount rate of the Federal Reserve Bank of San Francisco plus five (5%) percent per annum, as of the twenty-fifty (25th) day of the month immediately preceding Tenant’s default, on advances to member banks under Section 13 and
13(a) of the Federal Reserve Act, as now in effect or hereafter from time to time amended, or (ii) ten percent (10%) per annum. As used in (iii) above, “worth at the time of award” shall be computed by discounting such
amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one (1%) percent. Furthermore, in the event of a default as described in clause (iv), (v), (vi) or (vii) in Section 13.A above,
Landlord reserves the right to compensation for all damages and costs incurred by Landlord as a result of Tenant’s default, including without limitation those based upon a tort claim or contractual claim, and without any cap other than that
imposed by the United States Bankruptcy Code (as amended, and as interpreted by case law, the “Code”) with respect to rent, as defined in the Code. Tenant hereby waives the protection of any limitation in the Code imposed upon such damages
to the extent such waiver is enforceable under the Code, and Tenant hereby agrees that the Security Deposit may be retained by Landlord for purposes of compensation for any and all tort or contractual or other claims by Landlord against

 

  
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Tenant. Any obligation Landlord may have to mitigate damages upon a termination due to Tenant’s default shall not include the obligation to relet the Premises if Landlord has other
comparable available space within the Building or Project. 
  

	 	C.	Right to Re-enter: 

 In
the event of any such default by Tenant, Landlord shall have the right, after terminating this Lease, to re-enter the Premises and remove all persons and property in accordance with applicable law. Such property may be removed and stored in a public
warehouse or elsewhere at the cost of and for the account of Tenant, and disposed of by Landlord, in any manner permitted by law. 
  

	 	D.	Continuation of Lease: 

If Landlord does not elect to terminate this Lease as provided in Section 13.B above, then the provisions of California Civil Code
Section 1951.4, (Landlord may continue the Lease in effect after Tenant’s breach and abandonment and recover rent as it becomes due if Tenant has a right to sublet and assign, subject only to reasonable limitations) as amended from time to
time, shall apply, this Lease shall continue in effect, and Landlord may enforce all of its rights and remedies under this Lease, including without limitation, the right to recover payment of rent as it becomes due. 

 

	 	E.	No Termination: 

Neither efforts by Landlord to mitigate damages caused by a breach or default of Tenant, nor acts of maintenance or preservation or
efforts to relet the Premises shall constitute an election by Landlord to terminate the Lease or a termination of Tenant’s right to possession of the Premises. 
  

	 	F.	Non-Waiver: 

 Landlord
may accept Tenant’s payments without waiving any rights under this Lease, including rights under a previously served notice of default. No payment by Tenant or receipt by Landlord of a lesser amount than any installment

 
of rent due shall be deemed as other than payment on account of the amount due. If Landlord accepts payments after serving a notice of default, Landlord may nevertheless commence and pursue an
action to enforce rights and remedies under the previously served notice of default without giving Tenant any further notice or demand. Furthermore, the Landlord’s acceptance of rent from the Tenant when the Tenant is holding over without
express written consent does not convert Tenant’s tenancy from a tenancy at sufferance to a month to month tenancy. No waiver of any provision of this Lease shall be implied by any failure of Landlord to enforce any remedy for the violation of
that provision, even if that violation continues or is repeated. Any waiver by Landlord of any provision of this Lease must be in writing. Such waiver shall affect only the provision specified and only for the time and in the manner stated in the
writing. No delay or omission in the exercise of any right or remedy by Landlord shall impair such right or remedy or be construed as a waiver thereof by Landlord. No act or conduct of Landlord, including, without limitation, the acceptance of keys
to the Premises, shall constitute acceptance of the surrender of the Premises by Tenant before the Expiration Date. Only written notice from Landlord to Tenant of acceptance shall constitute such acceptance of surrender of the Premises.
Landlord’s consent to or approval of any act by Tenant which requires Landlord’s consent or approvals shall not be deemed to waive or render unnecessary Landlord’s consent to or approval of any subsequent act by Tenant. The voluntary
or other surrender of this Lease by Tenant, or a mutual cancellation thereof, shall not work a merger and shall, at the option of Landlord, terminate all or any existing subleases or subtenants, or may, at the option of Landlord, operate as an
assignment to Landlord of any or all such subleases or subtenants 
  

	 	G.	Performance by Landlord: 

If Tenant fails to perform any obligation required under this Lease or by Laws, Landlord in its sole and absolute discretion may,
without notice, without waiving any rights or remedies and without releasing Tenant from its obligations hereunder, perform such obligation, in which event Tenant shall pay Landlord as additional rent

 

  
 -18-

 
all sums paid by Landlord in connection with such substitute performance, including interest at the Agreed Interest Rate within ten (10) days of Landlord’s written notice for such
payment. 
  

	 	H.	Habitual Default: 

 The
provisions of Section 13 notwithstanding, the Parties agree that if Tenant shall have defaulted in the performance of any (but not necessarily the same) term or condition of this Lease for three (3) or more times during any twelve
(12) month period during the Lease Term, then such conduct shall, at the election of the Landlord, represent a separate event of default which cannot be cured by Tenant. Tenant acknowledges that the purpose of this provision is to prevent
repetitive defaults by Tenant, which work a hardship upon Landlord and deprive Landlord of Tenant’s timely performance under this Lease. 
  

	14.	LANDLORD’S LIABILITY: 

  

	 	A.	Limitation on Landlord’s Liability: 

 In the event of Landlord’s failure to perform any of its covenants or agreements under this Lease, Tenant shall give Landlord written notice of such failure and shall give Landlord thirty
(30) days to cure or commence to cure such failure prior to any claim for breach or resultant damages, provided, however, that if the nature of the default is such that it cannot reasonably be cured within the 30-day period, Landlord shall not
be deemed in default if it commences within such period to cure, and thereafter diligently prosecutes the same to completion. In addition, upon any such failure by Landlord, Tenant shall give notice by registered or certified mail to any person or
entity with a security interest in the Premises (“Mortgagee”) that has provided Tenant with notice of its interest in the Premises, and shall provide Mortgagee a reasonable opportunity to cure such failure, including such time to obtain
possession of the Premises by power of sale or judicial foreclosure, if such should prove necessary to effectuate a cure. Tenant agrees that each of the Mortgagees to whom this Lease has been assigned is an express third-party beneficiary hereof.
Tenant waives any right under California Civil Code Section 1950.7 or

 
any other present or future law to the collection of any payment or deposit from Mortgagee or any purchaser at a foreclosure sale of Mortgagee’s interest unless Mortgagee or such purchaser
shall have actually received and not refunded the applicable payment or deposit. Tenant further waives any right to terminate this Lease and to vacate the Premises on Landlord’s default under this Lease. Tenant’s sole remedy on
Landlord’s default is an action for damages or injunctive or declaratory relief; provided, however, Landlord and the Landlord Related Parties shall not be liable to Tenant for any consequential damages suffered or incurred by Tenant on account
of Landlord’s default including, without limitation, on account of lost profits or the interruption of Tenant’s business. Tenant hereby agrees that Landlord shall not be liable for injury to Tenant’s business or any loss of income
therefrom or for damage to the goods, wares, merchandise, or other property of Tenant, Tenant’s employees, invitees, customers, or any other person in or about the Premises or the Project, nor shall Landlord be liable for injury to the person
of Tenant, Tenant’s employees, agents, contractors, or any other person in or about the Premises or Project, whether such damage or injury is caused by or results from fire, steam, electricity, gas, water, or rain, or from the breakage,
leakage, obstruction, or other defects of pipes, sprinklers, wires, appliances, plumbing, air conditioning, or lighting fixtures, or from any other cause, whether said damage or injury results from conditions arising upon the Premises or upon other
portions of the Project or from other sources or places and regardless of whether the cause of such damage or injury or the means of repairing the same is inaccessible to Tenant. Landlord shall not be liable for any damages arising from any act or
neglect of any other tenant, occupant, or user of the Project, nor from the failure of Landlord to enforce the provisions of any other lease of the Project. 
  

	 	B.	Limitation on Tenant’s Recourse: 

 If Landlord is a corporation, trust, partnership, joint venture, unincorporated association or other form of business entity, then the obligations of Landlord shall not constitute personal obligations of
the Landlord Related Parties. Tenant shall have recourse only to the 

 

  
 -19-

 
interest of Landlord in the Premises for the satisfaction of the obligations of Landlord and shall not have recourse to any other assets of Landlord for the satisfaction of such obligations.

  

	 	C.	Indemnification of Landlord: 

 As a material part of the consideration rendered to Landlord, Tenant hereby waives all claims against Landlord for damages to goods, wares and merchandise, and all other personal property in, upon or
about said Premises and for injuries to persons in or about said Premises or Project, from any cause arising at any time to the fullest extent permitted by law, and, except to the extent due to the negligence or willful misconduct of Landlord or any
Landlord Related Party, Tenant shall indemnify, defend with counsel reasonably acceptable to Landlord and hold Landlord and the Landlord Related Parties harmless from and against all claims, liabilities, obligations, penalties, fines, actions,
losses, damages, costs or expenses (including without limitation reasonable attorneys fees) incurred or suffered arising from the use or occupancy of the Premises or any part of the Project by Tenant or Tenant’s Agents, the acts or omissions of
Tenant or Tenant’s Agents, Tenant’s breach of this Lease, or any damage or injury to person or property from any cause, including but not limited to the use or occupancy of the Premises or any part of the Project by Tenant or Tenant’s
Agents, the acts or omissions of Tenant or Tenant’s Agents, Tenant’s breach of this Lease or from the failure of Tenant to keep the Premises in good condition and repair as herein provided. Further, in the event Landlord is made party to
any litigation due to the acts or omission of Tenant or Tenant’s Agents, Tenant shall indemnify, defend (with counsel reasonably acceptable to Landlord) and hold Landlord and the Landlord Related Parties harmless from and against all claims,
liabilities, obligations, penalties, fines, actions, losses, damages, costs or expenses (including without limitation reasonable attorneys fees) incurred in connection with such litigation.

	15.	DESTRUCTION OF PREMISES: 

  

	 	A.	Landlord’s Obligation to Restore: 

 In the event of damage or destruction of the Premises during the Lease Term Landlord, and Tenant to the extent of its Specialized Tenant Improvements and Alterations, shall repair the same to a similar
condition to that which existed prior to such damage or destruction. Such damage or destruction shall not annul or void this Lease; however, Tenant shall be entitled to a proportionate reduction of Base Monthly Rent while repairs are being made,
such proportionate reduction to be based upon the extent to which the repairs interfere with Tenant’s business in the Premises, as reasonably determined by Tenant. In no event shall Landlord be required to replace or restore Alterations,
Specialized Tenant Improvements or Tenant’s trade fixtures or personal property. Tenant shall be obligated to replace and restore all Specialized Tenant Improvements and Alterations. 

 

	 	B.	Limitations on Landlord’s Restoration Obligation: 

 Notwithstanding the provisions of Section 15.A above, Landlord shall have no obligation to repair or restore the Premises if any of the following occur: (i) if Landlord reasonably estimates the
repairs cannot be made in one hundred eighty (180) days from the date of receipt of all governmental approvals necessary under applicable Laws of State, Federal, County or Municipal authorities, as reasonably determined by Landlord,
(ii) if the holder of the first deed of trust or mortgage encumbering the Building elects not to permit the insurance proceeds payable upon damage or destruction to be used for such repair or restoration, (iii) the damage or destruction is
not fully covered by the insurance maintained by Landlord, (iv) the damage or destruction occurs in the last twenty four (24) months of the Lease Term, (v) Tenant is in default pursuant to the provisions of Section 13 above, or
(vi) Tenant has vacated the Premises for more than ninety (90) days. In any such event Landlord may elect either to (i) complete the repair or restoration, or (ii) terminate this Lease by providing Tenant written notice of its
election within sixty (60) days following the damage or 

 

  
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destruction. If Landlord elects to repair or restore, this Lease shall continue in full force and effect. Tenant hereby waives the benefits and rights provided to Tenant by the provisions of
Civil Code Sections 1932 and 1933, or any similar Law now or hereafter in effect. 
 Notwithstanding the foregoing, Tenant
shall have the option to terminate this Lease: (i) if Landlord reasonably estimates the repairs cannot be made in one hundred eighty (180) days from the date of damage or destruction, or (ii) the damage or destruction occurs in the
last twenty four (24) months of the Lease Term. In any such event, Tenant may terminate this Lease by providing Landlord written notice of its election within fifteen (15) days following (a) with respect to the preceding clause (i),
receipt of Landlord’s repair estimate, or (b) with respect to the preceding clause (ii), the damage or destruction. 
  

	16.	CONDEMNATION: 

 If any
part of the Premises shall be taken for any public or quasi-public use, under any statute or by right of eminent domain or private purchase in lieu thereof, and only a part thereof remains which is susceptible of occupation hereunder, this Lease
shall, as to the part so taken, terminate as of the day before title vests in the condemnor or purchaser (“Vesting Date”) and Base Monthly Rent payable hereunder shall be adjusted so that Tenant is required to pay for the remainder of the
Lease Term only such portion of Base Monthly Rent as the value of the part remaining after such taking bears to the value of the entire Premises prior to such taking, as reasonably determined by Landlord. Further, in the event of such partial
taking, Landlord shall have the option to terminate this Lease as of the Vesting Date. If all of the Premises or such part thereof be taken so that there does not remain a portion susceptible for occupation hereunder, this Lease shall terminate on
the Vesting Date. If part or all of the Premises be taken, all compensation awarded upon such taking shall go to Landlord, and Tenant shall have no claim thereto; except Landlord shall cooperate with Tenant, without cost to Landlord, to recover
compensation for the unamortized cost of any Specialized Tenant Improvements and Alterations, or for Tenant’s moving costs. Tenant hereby waives the

 
provisions of California Code of Civil Procedures Section 1265.130 and any similar Law now or hereafter in effect, and the provisions of this Section 16 shall govern in the case of a
taking. 
  

	17.	ASSIGNMENT OR SUBLEASE: 

  

	 	A.	Consent by Landlord: 

Except as specifically provided in Section 17.E below, Tenant may not voluntarily, involuntarily or by operation of law, assign,
sell or otherwise transfer all or any part of Tenant’s interest in this Lease or in the Premises, cause or permit any part of the Premises to be sublet, occupied or used by anyone other than Tenant, or permit any person to succeed to any
interest in this Lease or the Premises (all of the foregoing being a “Transfer”) without the express written consent of Landlord, not to be unreasonably withheld. In the event Tenant desires to effectuate a Transfer, Tenant shall deliver
to Landlord (i) executed counterparts of any agreement and of all ancillary agreements with the proposed transferee, (ii) current financial statements of the transferee covering the preceding three years, (iii) the nature of the
proposed transferee’s business to be carried on in the Premises, (iv) a statement outlining all consideration to be given on account of the Transfer, and (v) a current financial statement of Tenant. Landlord may condition its approval
of any Transfer on receipt of a certification from both Tenant and the proposed transferee of all consideration to be paid to Tenant in connection with such Transfer. At Landlord’s request, Tenant shall also provide additional information
reasonably required by Landlord to determine whether it will consent to the proposed Transfer. Landlord shall have a ten (10) day period following receipt of all the foregoing within which to notify Tenant in writing that Landlord elects to:
(i) permit Tenant to Transfer such space to the named transferee on the terms and conditions set forth in the notice; or (ii) refuse consent. If Landlord should fail to notify Tenant in writing of such election within the 10-day period,
Landlord shall be deemed to have elected option (i) above. Landlord’s consent to the proposed Transfer shall not be unreasonably withheld, provided and upon the condition that: (i) the proposed transferee is engaged in a

 

  
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business that is limited to the use expressly permitted under this Lease; (ii) the proposed transferee is a company with sufficient financial worth and management ability to undertake the
financial obligation of this Lease and Landlord has been furnished with reasonable proof thereof; (iii) the proposed transfer agreement, if it is a sublease, conforms to the requirements of Section 17.I below or if it is an assignment, is
in a form reasonably satisfactory to Landlord; (iv) the proposed Transfer will not result in there being greater than two (2) subtenants or other occupants (not including employees) within the Premises at any time during the Lease Term;
(v) Tenant reimburses Landlord on demand for any costs that may be incurred by Landlord in connection with said Transfer, including the costs of making investigations as to the acceptability of the proposed transferee and legal costs incurred
in connection with the granting or denial of any requested consent, not to exceed $1,500.00; and (vi) Tenant shall not have advertised or publicized in any way the availability of the Premises without prior notice to Landlord. In the event all
or any one of the foregoing conditions are not satisfied (without limiting other factors that may be considered or conditions that may be imposed by Landlord in connection with a requested Transfer), Landlord shall be considered to have acted
reasonably if it withholds its consent. Tenant shall not hypothecate, mortgage, pledge or otherwise encumber Tenant’s interest in this Lease or the Premises or otherwise use the Lease as a security device in any manner without the consent of
Landlord, (all of the foregoing being an “Hypothecation”) which consent Landlord may withhold in its reasonable discretion. Tenant shall reimburse Landlord on demand for any costs that may be incurred by Landlord in connection with an
Hypothecation, including legal costs incurred in connection with the granting or denial of any requested consent, not to exceed $1,500.00. Landlord’s consent to one or more Transfers or Hypothecations shall not operate to waive Tenant’s
obligation to obtain Landlord’s consent to other Transfers or Hypothecations nor constitute consent to an assignment or other Transfer following foreclosure of any permitted lien, mortgage or other encumbrance. If Tenant is a corporation,
limited liability company, unincorporated association, partnership or other legal entity, the

 
sale, assignment, cancellation, surrender, exchange, conversion or any other transfer or hypothecation of any stock, membership or other ownership interest in such entity (whether occurring at
one time or over a period of time) in the aggregate of more than fifty percent (50%) (determined cumulatively) shall be deemed an assignment of this Lease; in the case of a partnership, any withdrawal or substitution (whether occurring at one
time or over a period of time) of any partners owning fifty percent (50%) or more (cumulatively) of the partnership, or the dissolution of the partnership shall be deemed an assignment of this Lease; provided that, subject to Section 17.D
below the foregoing provisions of this sentence shall not apply to (i) a transfer set forth in Section 17.E below, (ii) a transfer of stock in a corporation whose stock is, or as a result of such transfer becomes, publicly traded on a
public stock exchange , or (iii) transfer of stock or other ownership interest in connection with a bonafide financing or capitalization for the benefit of Tenant. If Tenant is an entity, any sale of all or substantially all of its assets shall
be deemed an assignment of this Lease , except as set forth in Section 17.E below. . If Tenant is a corporation whose stock is not publicly traded on a public stock exchange, any dissolution, merger, consolidation or reorganization of
Tenant shall be deemed a Transfer, except as set forth in Section 17.E below. Tenant acknowledges and agrees that the provision of this Section 17 are not unreasonable standards or conditions for purposes of Section 1951.4 of the
California Civil Code, as amended from time to time, under bankruptcy laws, or for any other purpose. 
  

	 	B.	Assignment or Subletting Consideration: 

 Landlord and Tenant hereby agree that Fifty percent (50%) of any rent or other economic consideration (including without limitation, payments for trade fixtures and personal property in excess of the
fair market value thereof, stock, warrants, and options) in excess of the Base Monthly Rent payable hereunder (after deducting therefrom Reasonable Transfer Costs (defined below)) (i) realized by Tenant in connection with any Transfer by
Tenant, and/or (ii) realized by a subtenant or any other person or entity (other than Tenant) (any such subtenant, person or entity

 

  
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being a “Subsequent Transferor”) in connection with a sublease, assignment or other Transfer by such Subsequent Transferor, shall be paid by Tenant to Landlord promptly after such
amounts are paid to Tenant or a Subsequent Transferor, regardless of the amount of subrent the Subsequent Transferor pays to Tenant or any prior Subsequent Transferor. The foregoing shall not apply to a Permitted Transfer. As used in this
Section 17.B, “Reasonable Transfer Costs” shall mean the following costs, to the extent reasonably incurred in connection with the Transfer in question: (i) advertising costs and brokerage commissions payable to unaffiliated
third parties, and (ii) tenant improvement and legal costs incurred solely in connection with such Transfer. In the case of a Transfer other than an assignment of Tenant’s entire interest in the Lease and Premises, Reasonable Transfer
Costs shall be amortized on a straight line basis, without interest, over the initial term of the Transfer. Tenant’s obligation to pay over Landlord’s portion of the consideration constitutes an obligation for additional rent hereunder.
The above provisions relating to Landlord’s right to terminate the Lease and relating to the allocation of excess rent are independently negotiated terms of the Lease which constitute a material inducement for the Landlord to enter into the
Lease, and are agreed by the Parties to be commercially reasonable. No Transfer by Tenant shall relieve it of any obligation under this Lease. Any Transfer which conflicts with the provisions of this Lease shall be voidable by Landlord at any time
following such Transfer. 
  

	 	C.	No Release: 

 Any
Transfer shall be made only if and shall not be effective until the transferee shall execute, acknowledge, and deliver to Landlord an agreement, in form and substance satisfactory to Landlord, whereby the transferee shall assume all the obligations
of this Lease on the part of Tenant to be performed or observed to the extent of the interest being transferred and shall be subject to all the covenants, agreements, terms, provisions and conditions in this Lease to the extent applicable to the
interest being transferred. Notwithstanding any Transfer and the acceptance of rent or other sums by Landlord from any transferee, Tenant and any guarantor shall remain

 
fully liable for the payment of Base Monthly Rent and additional rent due, and to become due hereunder, for the performance of all the covenants, agreements, terms, provisions and conditions
contained in this Lease on the part of Tenant to be performed and for all acts and omissions of any transferee or any other person claiming under or through any transferee that shall be in violation of any of the terms and conditions of this Lease,
and any such violation shall be deemed a violation by Tenant. Tenant shall indemnify, defend with counsel reasonably acceptable to Landlord and hold Landlord and the Landlord Related Parties harmless from and against all claims, liabilities,
obligations, penalties, fines, actions, losses, damages, costs or expenses (including without limitation reasonable attorneys fees) resulting from any claims that may be made against Landlord by the proposed transferee or by any real estate brokers
or other persons claiming compensation in connection with the proposed Transfer. 
  

	 	D.	Reorganization of Tenant: 

 Notwithstanding any other provision of this Lease, the provisions of this Section 17.D shall apply if Tenant is a publicly-held corporation and: (i) there is a dissolution, merger,
consolidation, or other reorganization of or affecting Tenant, where Tenant is not the surviving corporation, or there is a sale of all or substantially all of the assets of Tenant, or (ii) there is a sale, cancellation, surrender, exchange,
conversion or any other transfer of stock involving or consisting of more than fifty percent (50%) of the total combined voting power of all classes of Tenant’s capital stock issued, outstanding and entitled to vote for the election of
directors, or there is any merger, consolidation or other reorganization of or affecting Tenant, whether the foregoing occurs in a single transaction or in multiple steps, and after any one or more of such events Tenant’s stock is no longer
publicly traded. In a transaction under clause (i) of this Section 17.D, the surviving or acquiring corporation or entity (“Surviving Entity”) shall promptly execute and deliver to Landlord an agreement in form reasonably
satisfactory to Landlord under which the Surviving Entity assumes the obligations of Tenant hereunder. In a transaction or series of

 

  
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transactions under clause (ii) of this Section 17.D, the entities which as a result of such transaction(s) own a greater than fifty percent (50%) interest in Tenant (including,
without limitation as a result of a reverse triangular merger or a triangular merger) (collectively the “Acquiring Entity”) shall promptly execute and deliver to Landlord a guaranty of lease in form reasonably satisfactory to Landlord
under which the Acquiring Entity guarantees the full payment and performance of the obligations of Tenant under the Lease (“Lease Guaranty”). The foregoing notwithstanding, in the event the Surviving Entity or Acquiring Entity is itself
not a publicly-traded corporation, but is instead the subsidiary of a publicly-traded corporation (or a subsidiary of a subsidiary of a publicly-traded corporation, or a subsidiary in a chain of entities in which one or more parent corporations are
publicly traded), then each publicly-traded parent corporation in such chain shall be required to execute and deliver to Landlord the Lease Guaranty. In addition, in the event that after such acquisition Tenant no longer prepares audited financial
statements, then in addition to the financial statements required to be delivered by Tenant hereunder, the entity required to execute the Lease Guaranty shall provide Landlord its audited financial statements at the times and in the manner required
of Tenant hereunder. It is the intent of the parties that after such any transaction or series of transactions described in this Section 17.D, Landlord shall be entitled to rely on the creditworthiness of publicly-traded corporations and to
receive audited financial information from publicly-traded corporations. 
  

	 	E.	Permitted Transfers 

Provided that Tenant otherwise complies with the provisions of this Section 17, except the provision requiring prior consent, but
otherwise including without limitation the provisions of Section 17.D, Tenant may enter into any of the following Transfers (a “Permitted Transfer”) without Landlord’s prior consent, and Landlord shall not be entitled to
terminate the Lease or to receive any part of any subrent resulting therefrom that would otherwise be due pursuant to Sections 17.A and 17.B. Tenant may sublease all or part of the Premises or assign its interest in this Lease to (i) any
corporation which controls,

 
is controlled by, or is under common control with the original Tenant to this Lease by means of an ownership interest of more than fifty percent (50%); (ii) a corporation which results from
a merger, consolidation or other reorganization in which Tenant is not the surviving corporation, so long as the surviving corporation has a net worth at the time of such assignment or sublease that is equal to or greater than the net worth of
Tenant immediately prior to such transaction; and (iii) a corporation which purchases or otherwise acquires all or substantially all of the assets of Tenant so long as such acquiring corporation has a net worth at the time of such assignment or
sublease that is equal to or greater than the net worth of Tenant immediately prior to such transaction. 
  

	 	F.	Effect of Default: 

 In
the event of Tenant’s default, Tenant hereby assigns all amounts due to Tenant from any Transfer as security for performance of Tenant’s obligations under this Lease, and Landlord as assignee of Tenant, or a receiver for Tenant appointed
on Landlord’s application, may collect such amounts and apply it toward Tenant’s obligations under this Lease, except that Tenant may collect such amounts unless a default occurs as described in Section 13 above. Landlord’s
collection of any amounts due from a Transfer shall not constitute an acceptance by Landlord of attornment by any subtenants, and upon Tenant’s default Landlord shall have all rights provided by this Lease and applicable Laws, including without
limitation terminating this Lease and any or all occupants’ rights to possession of the Premises as Landlord shall determine in Landlord’s sole and absolute discretion. A termination of the Lease due to Tenant’s default shall not
automatically terminate a Transfer then in existence; rather at Landlord’s election (1) such Transfer shall survive the Lease termination, (2) the transferee shall attorn to Landlord, and (3) Landlord shall undertake the
obligations of Tenant under the transfer agreement; except that Landlord shall not be liable for prepaid rent, security deposits or other defaults of Tenant to the transferee, or for any acts or omissions of Tenant and Tenant’s Agents.

 

  
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	 	G.	Conveyance by Landlord: 

In the event of any transfer of Landlord’s interest in this Lease, the Landlord herein named (and in case of any subsequent
transfer, the then transferor) shall be automatically freed and relieved from and after the date of such transfer of all liability for the performance of any covenants or obligations on the part of Landlord contained in this Lease thereafter to be
performed; provided, however, that any funds in the hands of Landlord or the then transferor at the time of such transfer, in which Tenant has an interest shall be turned over to the transferee and any amount then due and payable to Tenant by
Landlord or the then transferor under any provision of this Lease shall be paid to Tenant; and provided, further, that upon any such transfer, the transferee shall be deemed to have assumed, subject to the limitations of this Section 17 above
all of the agreements, covenants and conditions in this Lease to be performed from and after the transfer on the part of Landlord, it being intended hereby that the covenants and obligations contained in this Lease to be performed on the part of
Landlord shall, subject as aforesaid, be binding on each Landlord, its successors and assigns, only during its period of ownership. 
  

	 	H.	Successors and Assigns: 

Subject to the provisions this Section 17, the covenants and conditions of this Lease shall apply to and bind the heirs,
successors, executors, administrators and assigns of all Parties hereto; and all parties hereto comprising Tenant shall be jointly and severally liable hereunder. 
  

	 	I.	Sublease Requirements: 

With respect to any permitted sublet of the Premises by Tenant to an approved Subtenant (“Subtenant”), the sublet transaction
shall be evidenced by a written sublease between Tenant and Subtenant (the “Sublease”). The Sublease shall comply with the following requirements: (i) The form of the Sublease and the terms and conditions thereof shall be subject to
Landlord’s approval which shall not be withheld unreasonably; (ii) The Sublease shall provide that it is subject to and shall incorporate by reference all of the terms and conditions of this Lease,

 
except those terms and conditions relating to Rent, Additional Rent, and any other amount due under this Lease; (iii) The Sublease shall provide that the Subtenant shall have no right to
exercise any option or other right granted to Tenant in this Lease, unless the Sublease resulted from a Permitted Transfer; (iv) The Sublease shall contain a mutual waiver of subrogation among the subtenant, Tenant and Landlord, and each shall
require it’s insurance policies to acknowledge such waiver of subrogation; (v) The Sublease shall provide that all requirements of the Lease applicable to subleases shall be applicable to sub-subleases; (vi) The Sublease shall require
Subtenant, acting through Tenant, to obtain Landlord’s prior written approval, not to be unreasonably withheld, to any alteration to the Premises to the same extent Tenant is required by this Lease to obtain such consent; (vii) The
Sublease shall require Subtenant to send Landlord copies of any and all material notices concerning the Premises that Subtenant is obligated to provide to Tenant and Tenant to send Landlord copies of any and all material notices concerning the
Premises that Tenant is obligated to provide to Subtenant; (viii) The Sublease shall provide that, at Landlord’s option, the Sublease shall not terminate in the event that this Lease terminates and shall require Subtenant to execute an
attornment agreement if Landlord, in its sole and absolute discretion, shall elect to have the Sublease continue beyond the date of termination of this Lease; and (ix) The Sublease shall require the Subtenant to agree that on receipt of notice
from Landlord that Tenant has defaulted, Subtenant shall pay all sums due under the Sublease to Landlord. 
  

	18.	OPTION TO EXTEND THE LEASE TERM: 

  

	 	A.	Grant and Exercise of Option: 

 Landlord grants to Tenant, subject to the terms and conditions set forth in this Section 18 Two (2) options (each an “Option” and collectively the “Options”) to extend the
Lease Term for an additional term (each an “Option Term”). Each Option Term shall be for a period of Sixty (60) months and shall be exercised, if at all, by written notice to Landlord no earlier than eighteen (18) months prior to
the date the Lease 

 

  
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Term would expire but for such exercise but no later than twelve (12) months prior to the date the Lease Term would expire but for such exercise, time being of the essence for the giving of
such notice. If Tenant exercises an Option, all of the terms, covenants and conditions of this Lease shall apply except for the grant of additional Options pursuant to this Section 18, provided that Base Monthly Rent for the Premises payable by
Tenant during the Option Term shall be the greater of (i) the Base Monthly Rent applicable to the period immediately prior to the commencement of the Option Term, or (ii) one hundred percent (100%) of the Fair Market Rental as
hereinafter defined. Notwithstanding anything herein to the contrary, (i) if Tenant is in monetary or material non-monetary default under any of the terms, covenants or conditions of this Lease, or (ii) if Tenant does not have the
financial ability to meet its obligations under this Lease, as reasonably determined by Landlord, either at the time Tenant exercises the Option or at any time thereafter prior to the commencement date of the Option Term, then Landlord shall have,
in addition to all of Landlord’s other rights and remedies provided in this Lease, the right to terminate the Option upon notice to Tenant, in which event the Lease Term shall not be extended pursuant to this Section 18.A. As used herein,
the term “Fair Market Rental” is defined as the rental and all other monetary payments, including any abatements, escalations and adjustments thereto (including without limitation Consumer Price Indexing) that Landlord could obtain during
the Option Term from a third party desiring to lease the Premises, based upon the (i) current use and other potential uses of the Premises, as determined by the rents (as may be abated) then obtainable for renewals of leases of space comparable
in age and quality to the Premises in the same real estate submarket as the Building and (ii) the credit standing and financial stature of the Tenant. 
  

	 	B.	Determination of Fair Market Rental: 

 If Tenant exercises an Option, Landlord shall send Tenant a notice setting forth the Fair Market Rental for the Option Term within thirty (30) days following the date of exercise. If Tenant disputes
Landlord’s determination of Fair Market Rental for the Option Term, Tenant shall, within

 
thirty (30) days after delivery to Tenant of Landlord’s notice setting forth Fair Market Rental for the Option Term, send to Landlord a notice stating that Tenant either elects to
terminate its exercise of the Option, in which event the Option shall lapse and this Lease shall terminate on the Expiration Date, or that Tenant disagrees with Landlord’s determination of Fair Market Rental for the Option Term and elects to
resolve the disagreement as provided in Section 18.C below. If Tenant does not timely send Landlord a notice as provided in the previous sentence, Landlord’s determination of Fair Market Rental shall be the Base Monthly Rent payable by
Tenant during the Option Term. If Tenant elects to resolve the disagreement as provided in Section 18.C below and such procedures are not concluded prior to the commencement date of the Option Term, Tenant shall pay to Landlord as Base Monthly
Rent the Fair Market Rental as determined by Landlord in the manner provided above. If the Fair Market Rental as finally determined pursuant to Section 18.C is greater than Landlord’s determination, Tenant shall pay Landlord the difference
between the amount paid by Tenant and the Fair Market Rental as so determined in Section 18.C within thirty (30) days after such determination. If the Fair Market Rental as finally determined in Section 18.C is less than
Landlord’s determination, the difference between the amount paid by Tenant and the Fair Market Rental as so determined in Section 18.C shall be credited against the next installments of Base Monthly Rent due from Tenant to Landlord
hereunder. 
  

	 	C.	Resolution of a Disagreement over the Fair Market Rental: 

 Any disagreement regarding Fair Market Rental shall be resolved as follows: Within thirty (30) days after Tenant’s response to Landlord’s notice setting forth the Fair Market Rental,
Landlord and Tenant shall meet at a mutually agreeable time and place, in an attempt to resolve the disagreement. If within the 30-day consultation period referred to above, Landlord and Tenant cannot reach agreement as to Fair Market Rental, each
party shall select one appraiser to determine Fair Market Rental. Each such appraiser shall arrive at a determination of Fair Market Rental and submit their conclusions

 

  
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to Landlord and Tenant within thirty (30) days after the expiration of the 30-day consultation period described above. If only one appraisal is submitted within the requisite time period, it
shall be deemed as Fair Market Rental. If both appraisals are submitted within such time period and the two appraisals so submitted differ by less than ten percent (10%) of the higher appraisal, the average of the two shall be deemed as Fair
Market Rental. If the two appraisals differ by more than 5% of the higher appraisal, the appraisers shall immediately select a third appraiser who shall, within thirty (30) days after his selection, make and submit to Landlord and Tenant a
determination as to whether Tenant’s appraiser’s determination or Landlord’s appraiser’s determination is the Fair Market Rental. All appraisers specified pursuant to this Section 18.C shall be members of the American
Institute of Real Estate Appraisers with not less than ten (10) years experience appraising office and industrial properties in the Santa Clara Valley. Each party shall pay the cost of the appraiser selected by such party and one-half of the
cost of the third appraiser. 
  

	 	D.	Personal to Tenant: 

All Options provided to Tenant in this Lease are personal and granted to Cavium Networks, Inc. (and it Permitted Transferees) and are
not exercisable by any third party (other than a Permitted Transferee) should Tenant assign or sublet all or a portion of its rights under this Lease, unless Landlord consents to permit exercise of any option by any assignee or subtenant, in
Landlord’s sole and absolute discretion. In the event Tenant has multiple options to extend this Lease, a later Option to extend the Lease cannot be exercised unless the prior Option has been properly exercised and the Option Term for that
exercised prior Option has commenced. 
  

	19.	GENERAL PROVISIONS: 

  

	 	A.	Attorney’s Fees: 

In the event a suit or alternative form of dispute resolution is brought for the possession of the Premises, for the recovery of any sum
due hereunder, to interpret the Lease, or because of

 
the breach of any other covenant herein; then the losing party shall pay to the prevailing party reasonable attorney’s fees and costs incurred in connection with such proceeding, including
the expense of expert witnesses, depositions and court testimony. The prevailing party shall also be entitled to recover all costs and expenses including reasonable attorney’s fees incurred in enforcing any judgment or award against the other
party. The foregoing provision relating to post-judgment costs is severable from all other provisions of this Lease. 
  

	 	B.	Authority of Parties: 

If Tenant is a corporation, partnership or other entity, Tenant represents and warrants that Tenant is duly formed and in good standing,
that each individual signing this Lease is duly authorized to execute and deliver this Lease on behalf of Tenant and to bind Tenant to this Lease in accordance with Tenant’s governing documents, and that this Lease is binding upon Tenant in
accordance with its terms. At Landlord’s request, Tenant shall provide Landlord with corporate resolutions or other proof in a form acceptable to Landlord, of the authorizations described in this Section 19.B. 

If Landlord is a corporation, partnership or other entity, Landlord represents and warrants that Landlord is duly formed and in good
standing, that each individual signing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord and to bind Landlord to this Lease in accordance with Landlord’s governing documents, and that this Lease is binding
upon Landlord in accordance with its terms. 
  

	 	C.	Brokers: 

 Tenant
represents it has not utilized or contacted a real estate broker or finder with respect to this Lease other than Cornish and Carey Commercial Newmark Knight Frank and Tenant agrees to indemnify, defend with counsel reasonably acceptable to Landlord
and hold Landlord and the Landlord Related Parties harmless from and against all claims, liabilities, obligations, penalties, fines, actions, losses, damages, costs or expenses (including without

 

  
 -27-

 
limitation reasonable attorneys fees) asserted by any other broker or finder claiming through Tenant. 
 Landlord represents it has not utilized or contacted a real estate broker or finder with respect to this Lease, and Landlord agrees to indemnify, defend with counsel reasonably acceptable to Tenant and
hold Tenant and Tenant’s Agents harmless from and against all claims, liabilities, obligations, penalties, fines, actions, losses, damages, costs or expenses (including without limitation reasonable attorneys fees) asserted by any other broker
or finder claiming through Landlord. 
  

	 	D.	Choice of Law: 

 This
Lease shall be governed by and construed in accordance with California law. Venue for all court proceedings or alternative forms of dispute resolution proceedings shall be Santa Clara County, California. 

 

	 	E.	ARBITRATION OF DISPUTES: 

LANDLORD AND TENANT AND ANY OTHER PARTY THAT MAY BECOME A PARTY TO THIS LEASE OR BE DEEMED A PARTY TO THIS LEASE, AND THEIR RESPECTIVE
SUCCESSORS, ASSIGNS AND SUBTENANTS, AGREE THAT, EXCEPT FOR ANY CLAIM BY LANDLORD FOR (I) UNLAWFUL DETAINER, (II) TENANT’S FAILURE TO PAY THE BASE MONTHLY RENT, OR (III) WITHIN THE JURISDICTION OF THE SMALL CLAIMS COURT (WHICH SMALL CLAIMS
COURT SHALL BE THE SOLE COURT OF COMPETENT JURISDICTION FOR SUCH SMALL CLAIMS MATTER), ANY CONTROVERSY, DISPUTE, OR CLAIM OF WHATEVER NATURE ARISING OUT OF, IN CONNECTION WITH OR IN RELATION TO THE INTERPRETATION, PERFORMANCE OR BREACH OF THIS
LEASE, INCLUDING ANY CLAIM BASED ON CONTRACT, TORT, OR STATUTE, SHALL BE RESOLVED AT THE REQUEST OF ANY PARTY TO THIS LEASE, OR THEIR RESPECTIVE SUCCESSORS, ASSIGNS AND SUBTENANTS, THROUGH DISPUTE RESOLUTION PROCESS

 
ADMINISTERED BY J.A.M.S. OR ANOTHER JUDICIAL MEDIATION SERVICE MUTUALLY ACCEPTABLE TO THE PARTIES LOCATED IN SANTA CLARA COUNTY, CALIFORNIA. THE DISPUTE RESOLUTION PROCESS SHALL CONSIST OF A
FINAL AND BINDING ARBITRATION ADMINISTERED BY AND IN ACCORDANCE WITH THE THEN EXISTING RULES AND PRACTICES OF J.A.M.S. OR OTHER JUDICIAL MEDIATION SERVICE SELECTED, AND JUDGMENT UPON ANY AWARD RENDERED BY THE ARBITRATOR(S) MAY BE ENTERED BY ANY
STATE OR FEDERAL COURT HAVING JURISDICTION THEREOF AS PROVIDED BY CALIFORNIA CODE OF CIVIL PROCEDURE SECTION 1280 ET. SEQ, AS SAID STATUTES THEN APPEAR, INCLUDING ANY AMENDMENTS TO SAID STATUTES OR SUCCESSORS TO SAID STATUTES OR AMENDED STATUTES,
EXCEPT THAT IN NO EVENT SHALL THE PARTIES BE ENTITLED TO PROPOUND INTERROGATORIES OR REQUESTS FOR ADMISSIONS DURING THE ARBITRATION PROCESS. THE ARBITRATOR SHALL BE A RETIRED JUDGE OR A LICENSED CALIFORNIA ATTORNEY. THE VENUE FOR ANY SUCH
ARBITRATION SHALL BE IN SANTA CLARA COUNTY, CALIFORNIA. 
 NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE
ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THIS “ARBITRATION OF DISPUTES” PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A
COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THIS “ARBITRATION OF DISPUTES” PROVISION. IF YOU REFUSE TO SUBMIT TO
ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF

 

  
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THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY. 
 WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THIS “ARBITRATION OF DISPUTES” PROVISION TO NEUTRAL ARBITRATION. 

Landlord: /s/ JMS Tenant: /s/ ADC 
  

	 	F.	Entire Agreement: 

 This
Lease and the exhibits attached hereto contain all of the agreements and conditions made between the Parties hereto and may not be modified orally or in any other manner other than by written agreement signed by all parties hereto or their
respective successors in interest. This Lease supersedes and revokes all previous negotiations, letters of intent, lease proposals, brochures, agreements, representations, promises, warranties, and understandings, whether oral or in writing, between
the parties or their respective representatives or any other person purporting to represent Landlord or Tenant. 
  

	 	G.	Entry by Landlord: 

Upon prior notice to Tenant (except in case of emergency, where no prior notice shall be required) and subject to Tenant’s
reasonable security regulations, Tenant shall permit Landlord and Landlord’s agents to enter into and upon the Premises at all reasonable times, and without any rent abatement or reduction or any liability to Tenant for any loss of occupation
or quiet enjoyment of the Premises thereby occasioned, for the following purposes: (i) inspecting and maintaining the Premises; (ii) making repairs, alterations or additions to the Premises; (iii) erecting additional building(s) and
improvements on the land where the Premises are situated or on adjacent land owned by Landlord; (iv) performing any obligations of Landlord under the Lease including remediation of Hazardous Materials if determined to be the responsibility of
Landlord, (v) posting and keeping posted thereon notices of non responsibility for any construction, alteration

 
or repair thereof, as required or permitted by any law, and (vi) placing “For Sale” signs, and showing the Premises to Landlord’s existing or potential successors, purchasers
and lenders. Tenant shall permit Landlord and Landlord’s agents, (i) at any time Tenant vacates the Premises (other than in connection with a Permitted Transfer or a sublease of the entire Premises) and (ii) at any time within nine
(9) months prior to the Expiration Date (or at any time during the Lease Term that Tenant is in default hereunder), to place upon the Premises or within the exterior Common Areas “For Lease” signs, and exhibit the Premises to real
estate brokers and prospective tenants at reasonable hours. At any time when Tenant does not rent all rentable space in the Project Landlord shall have the right to place “For Lease” signs within the exterior Common Areas fronting North
First Street. In addition, at any time within twelve (12) months prior to the Expiration Date (or at any time during the Lease Term that Tenant is in default hereunder), Landlord shall have the right to place “For Lease” signs within
the exterior Common Areas. 
  

	 	H.	Estoppel Certificates: 

At any time during the Lease Term, Tenant shall, within seven (7) business days following written notice from Landlord, execute and
deliver to Landlord a written statement certifying, if true, the following: (i) that this Lease is unmodified and in full force and effect (or, if modified, stating the nature of such modification); (ii) the date to which rent and other
charges are paid in advance, if any; (iii) acknowledging that there are not, to Tenant’s knowledge, any uncured defaults on Landlord’s part hereunder (or specifying such defaults if they are claimed); and (iv) such other
information as Landlord may reasonably request. Any such statement may be conclusively relied upon by any prospective purchaser or encumbrancer of Landlord’s interest in the Premises. Tenant’s failure to deliver such statement within such
time shall be conclusive upon the Tenant that this Lease is in full force and effect without modification, except as may be represented by Landlord, and that there are no uncured defaults in Landlord’s performance. Tenant agrees to provide,
within five (5) days of Landlord’s request, Tenant’s most recent three (3)

 

  
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years of audited (or if audited is unavailable, certified) financial statements for Landlord’s use in financing or sale of the Premises or Landlord’s interest therein. 

 

	 	I.	Exhibits: 

 All exhibits
referred to are attached to this Lease and incorporated by reference. 
  

	 	J.	Interest: 

 All rent due
hereunder, if not paid when due, shall bear interest at the Agreed Interest Rate. This provision shall survive the expiration or sooner termination of the Lease. Despite any other provision of this Lease, the total liability for interest payments
shall not exceed the limits, if any, imposed by the usury laws of the State of California. Any interest paid in excess of those limits shall be refunded to Tenant by application of the amount of excess interest paid against any sums outstanding in
any order that Landlord requires. If the amount of excess interest paid exceeds the sums outstanding, the portion exceeding those sums shall be refunded in cash to Tenant by Landlord. To ascertain whether any interest payable exceeds the limits
imposed, any non-principal payment (including late charges) shall be considered to the extent permitted by law to be an expense, fee or premium rather than interest. 
  

	 	K.	Modifications Required by Lender: 

 If any lender of Landlord or ground lessor of the Premises requires a modification of this Lease that will not increase Tenant’s cost or expense or materially or adversely change Tenant’s rights
and obligations, this Lease shall be so modified and Tenant shall execute whatever documents are required and deliver them to Landlord within ten (10) days after the request. 

 

	 	L.	No Presumption Against Drafter: 

 Landlord and Tenant understand, agree and acknowledge that this Lease has been freely negotiated by both Parties; and that in any controversy, dispute, or contest over the meaning, interpretation,
validity, or enforceability of this Lease or any of its terms or conditions, there shall

 
be no inference, presumption, or conclusion drawn whatsoever against either party by virtue of that party having drafted this Lease or any portion thereof. 

 

	 	M.	Notices: 

 All notices,
demands, requests, or consents required to be given under this Lease shall be sent in writing by U.S. certified mail, return receipt requested, or by personal delivery addressed to the party to be notified at the address for such party specified in
Section 1 above of this Lease, or to such other place as the party to be notified may from time to time designate by at least fifteen (15) days prior notice to the notifying party. When this Lease requires service of a notice, that notice
shall be deemed to constitute and satisfy the requirements of any equivalent or similar statutory notice, including any notices required by Code of Civil Procedure Section 1161 or any similar or successor statute.. 

 

	 	N.	Property Management: 

In addition, Tenant agrees to pay Landlord along with the expenses to be reimbursed by Tenant a monthly fee for management services
rendered by either Landlord or a third party manager engaged by Landlord (which may be a party affiliated with Landlord), in the amount of three percent (3%) of the Base Monthly Rent. 

 

	 	O.	Rent: 

 All monetary
sums due from Tenant to Landlord under this Lease, including, without limitation those referred to as “additional rent”, shall be deemed as rent. 
  

	 	P.	Representations: 

Except for the provisions of this Lease, Tenant acknowledges that neither Landlord nor any of its employees or agents have made any
agreements, representations, warranties or promises with respect to the Premises or Project or with respect to present or future rents, expenses, operations, tenancies or any other matter. Except as herein expressly set forth herein, Tenant relied
on no statement of Landlord or its employees or agents for that purpose. 

 

  
 -30-

	 	Q.	Rights and Remedies: 

Subject to Section 13 above, all rights and remedies hereunder are cumulative and not alternative to the extent permitted by law,
and are in addition to all other rights and remedies in law and in equity. 
  

	 	R.	Severability: 

 If any
term or provision of this Lease is held unenforceable or invalid by a court of competent jurisdiction, the remainder of the Lease shall not be invalidated thereby but shall be enforceable in accordance with its terms, omitting the invalid or
unenforceable term. 
  

	 	S.	Submission of Lease: 

Submission of this document for examination or signature by the Parties does not constitute an option or offer to lease the Premises on
the terms in this document or a reservation of the Premises in favor of Tenant. This document is not effective as a lease or otherwise until executed and delivered by both Landlord and Tenant. 

 

	 	T.	Subordination: 

 This
Lease is subject and subordinate to ground and underlying leases, mortgages and deeds of trust (collectively “Encumbrances”) which may now affect the Premises, to any covenants, conditions or restrictions of record, and to all renewals,
modifications, consolidations, replacements and extensions thereof; provided, however, if the holder or holders of any such Encumbrance (“Holder”) require that this Lease be prior and superior thereto, within ten (10) business days
after written request of Landlord to Tenant, Tenant shall execute, have acknowledged and deliver all documents or instruments, in the form presented to Tenant, which Landlord or Holder deems necessary or desirable for such purposes. Landlord shall
have the right to cause this Lease to be and become and remain subject and subordinate to any and all Encumbrances which are now or may hereafter be executed covering the Premises or any renewals, modifications, consolidations, replacements or
extensions thereof, for the full amount of all advances made or to be made thereunder and

 
without regard to the time or character of such advances, together with interest thereon and subject to all the terms and provisions thereof; provided only, that with respect to Encumbrances
created after the Effective Date, in the event of termination of any such lease or upon the foreclosure of any such mortgage or deed of trust, Holder agrees to recognize Tenant’s rights under this Lease as long as Tenant is not then in default
and continues to pay Base Monthly Rent and additional rent and observes and performs all required provisions of this Lease. Within ten (10) business days after Landlord’s written request, Tenant shall execute any documents required by
Landlord or the Holder to make this Lease subordinate to any lien of the Encumbrance; provided the same include the above referenced acknowledgement and non-distburbance. If Tenant fails to do so, then in addition to such failure constituting a
default by Tenant, it shall be deemed that this Lease is so subordinated to such Encumbrance. Notwithstanding anything to the contrary in this Section 19.T, Tenant hereby attorns and agrees to attorn to any entity purchasing or otherwise
acquiring the Premises at any sale or other proceeding or pursuant to the exercise of any other rights, powers or remedies under such Encumbrance. 
  

	 	U.	Survival of Indemnities: 

All indemnification, defense, and hold harmless obligations of Landlord and Tenant under this Lease shall survive the expiration or
sooner termination of the Lease. 
  

	 	V.	Time: 

 Time is of the
essence hereunder. 
  

	 	W.	Transportation Demand Management Programs: 

 Should a government agency or municipality require Landlord to institute TDM (Transportation Demand Management) facilities and/or programs, Tenant agrees that the cost of TDM imposed facilities and
programs required on the Premises, including but not limited to employee showers, lockers, cafeteria, or lunchroom facilities, shall be paid by Tenant. Further, any ongoing costs or expenses associated

 

  
 -31-

 
with a TDM program which are required for the Premises and not provided by Tenant, such as an on-site TDM coordinator, shall be provided by Landlord with such costs being included as additional
rent and reimbursed to Landlord by Tenant within thirty (30) days after demand. If TDM facilities and programs are instituted on a Project wide basis, Tenant shall pay its allocable share of such costs in accordance with Section 8.E above.

  

	 	X.	Waiver of Right to Jury Trial: 

 To the extent then authorized by law as of the time of any actual litigation between them and to the extent not already encompassed within the various agreements to arbitrate otherwise contained herein,
and as an alternative to arbitration should arbitration for any reason not be enforced, Landlord and Tenant waive their respective rights to trial by jury of any contract or tort claim, counterclaim, cross-complaint, or cause of action in any
action, proceeding, or hearing brought by either party against the other on any matter arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, or Tenant’s use or occupancy of the Premises, including any
claim of injury or damage or the enforcement of any remedy under any current or future law, statute, regulation, code, or ordinance. 
  

	 	Y.	General: 

 The captions
and section headings of this Lease are for convenience of reference only, and shall not be used to limit, extend or interpret the meaning of any part of this Lease. This Lease may be executed in multiple counterparts, each of which shall be deemed
an original and all of which together shall constitute one and the same document. All agreements by Tenant contained in this Lease, whether expressed as covenants or conditions, shall be construed to be both covenants and conditions, conferring upon
Landlord, in the event of a breach thereof, the right to terminate this Lease. 
  

	 	Z.	Furniture, Fixtures and Equipment: 

 Landlord shall deliver to Tenant, upon the Commencement Date, (i) the existing furniture

 
and AV system at the Premises in their current condition, (ii) the existing security and card key systems at the Premises in operational condition and separated, at Landlord’s cost,
from the security and card key systems for the adjacent building at 2345 North First Street, and (iii) the generator at the Premises in good working order (collectively, the “FF&E”). Except for the foregoing, Landlord shall have
no obligation for the condition, maintenance or repair of the FF&E at any time during the Lease Term. Tenant shall have the right to use the FF&E for the term of the Lease at not charge. At the expiration or sooner termination of the Lease,
Tenant shall return the FF&E to Landlord in the condition it was received normal wear and tear excepted. 

 

  
 -32-

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease on the day and year
first above written. 
  

							
	Landlord:
	
	 SI 37, LLC,
 a
California limited liability company

		
	By:	 	 Sobrato Interests 1,

a California limited partnership

	Its:	 	Sole Member
			
		 	    By:	 	 Sobrato Development Companies, LLC,
 a California limited liability company

		 	    Its:	 	General Partner
				
		 		 	    By:	 	 /s/ John Michael Sobrato

		 		 		 	        John Michael Sobrato
		 		 	    Its:	 	Manager

  

			
	 Tenant:

 

	 Cavium Networks, Inc.
  

a Delaware Corporation

		
	By:	 	 /s/ Arthur Chadwick

		 	      Arthur Chadwick, CFO

  
 -33-

 EXHIBIT “A” – Premises & Building 

  
 -34-

 EXHIBIT “B” - Project 

  
 -35-

 EXHIBIT “G” – Landlord’s Work 

 

	A.	Create lunch room with upper and lower cabinetry, sink, disposal, dishwasher and tile floor and an outside patio area accessible directly from the lunch room.

  

	B.	Repair stretched and worn out carpet. 

  

	C.	Install ESD tile and distribute no more than 5 additional power plugs in all labs and shipping/receiving operations areas. 

 

	D.	Replace cubicles and wire/electricity similar to all of the existing cubes in the area where they have been removed. 

 

	E.	Replace stained ceiling tiles and repair the cause. 

  

	F.	Patch and paint walls where needed. 

  

	G.	Remove one wall in the first floor lab area. 

  
 -36-Second Amended and Restated Credit Agreement dated March 18, 2011

 Exhibit 10.1 
 [Execution] 
 $600,000,000 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT, 
 dated March 18, 2011, 
 among 

WINN-DIXIE STORES, INC. AND CERTAIN OF ITS SUBSIDIARIES, 
 as Borrowers, 
 VARIOUS FINANCIAL INSTITUTIONS AND OTHER PERSONS 

FROM TIME TO TIME PARTIES HERETO, 
 as Lenders, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent and Co-Collateral Agent, 
 GENERAL ELECTRIC CAPITAL CORPORATION, 
 as Co-Collateral Agent and Syndication Agent

 UBS SECURITIES LLC 
 and 
 US BANK NATIONAL ASSOCIATION, 

as Co-Documentation Agents 
 WELLS FARGO CAPITAL FINANCE, LLC 
 GE CAPITAL MARKETS, INC. 

and 
 UBS
SECURITIES LLC, 
 as Joint Lead Arrangers and Joint Bookrunners 

 Table of Contents 

 

							
	ARTICLE I	  	 	1	  
		
	DEFINITIONS AND ACCOUNTING TERMS	  	 	1	  
			
	 SECTION 1.1
	  	Defined Terms	  	 	2	  
	 SECTION 1.2
	  	Use of Defined Terms	  	 	51	  
	 SECTION 1.3
	  	Cross-References	  	 	51	  
	 SECTION 1.4
	  	Accounting and Financial Determinations	  	 	51	  
		
	ARTICLE II COMMITMENTS, BORROWING AND ISSUANCE PROCEDURES AND LETTERS OF CREDIT	  	 	51	  
			
	 SECTION 2.1
	  	Commitments	  	 	51	  
	 SECTION 2.1.1
	  	Revolving Loan Commitments and Swing Line Loan Commitment	  	 	52	  
	 SECTION 2.1.2
	  	Subfacility Letter of Credit Commitment; Existing Letters of Credit	  	 	54	  
	 SECTION 2.1.3
	  	Standby Letter of Credit Commitment	  	 	56	  
	 SECTION 2.2
	  	Increase and Reduction of Maximum Credit	  	 	57	  
	 SECTION 2.2.1
	  	Option to Increase the Maximum Credit	  	 	57	  
	 SECTION 2.2.2
	  	Reduction of Maximum Credit, Swing Line Loan Limit and Letter of Credit Limit	  	 	59	  
	 SECTION 2.3
	  	Borrowing Procedures	  	 	60	  
	 SECTION 2.3.1
	  	Borrowing Procedure	  	 	60	  
	 SECTION 2.3.2
	  	Swing Line Loans	  	 	61	  
	 SECTION 2.4
	  	Continuation and Conversion Elections	  	 	62	  
	 SECTION 2.5
	  	Funding	  	 	62	  
	 SECTION 2.6
	  	Issuance Procedures	  	 	62	  
	 SECTION 2.6.1
	  	Other Lenders’ Participation	  	 	63	  
	 SECTION 2.6.2
	  	Disbursements	  	 	63	  
	 SECTION 2.6.3
	  	Reimbursement	  	 	64	  
	 SECTION 2.6.4
	  	Deemed Disbursements	  	 	64	  
	 SECTION 2.6.5
	  	Nature of Reimbursement Obligations	  	 	64	  
	 SECTION 2.7
	  	Register	  	 	65	  
	 SECTION 2.8
	  	Joint and Several Liability	  	 	66	  
		
	ARTICLE III	  	 	67	  
		
	REPAYMENTS, PREPAYMENTS, INTEREST AND FEES	  	 	67	  
			
	 SECTION 3.1
	  	Repayments and Prepayments	  	 	67	  
	 SECTION 3.1.1
	  	Repayments and Prepayments	  	 	67	  
	 SECTION 3.2
	  	Interest Provisions	  	 	68	  
	 SECTION 3.2.1
	  	Rates	  	 	68	  
	 SECTION 3.2.2
	  	Default Rates	  	 	69	  
	 SECTION 3.2.3
	  	Payment Dates	  	 	69	  
	 SECTION 3.3
	  	Fees	  	 	69	  

							
	 SECTION 3.3.1
	  	Unused Line Fees	  	 	70	  
	 SECTION 3.3.2
	  	Agent’s Fees	  	 	70	  
	 SECTION 3.3.3
	  	Subfacility Letter of Credit Fee	  	 	70	  
	 SECTION 3.3.4
	  	Standby Letter of Credit Fee	  	 	71	  
		
	ARTICLE IV CERTAIN LIBO RATE AND OTHER PROVISIONS; COLLECTION AND ADMINISTRATION	  	 	71	  
			
	 SECTION 4.1
	  	LIBO Rate Lending Unlawful	  	 	71	  
	 SECTION 4.2
	  	Deposits Unavailable; Market Disruptions	  	 	71	  
	 SECTION 4.3
	  	Increased LIBO Rate Loan Costs, etc.	  	 	72	  
	 SECTION 4.4
	  	Funding Losses	  	 	72	  
	 SECTION 4.5
	  	Increased Capital Costs	  	 	73	  
	 SECTION 4.6
	  	Taxes	  	 	73	  
	 SECTION 4.7
	  	Payments, Computations, etc.	  	 	75	  
	 SECTION 4.8
	  	Sharing of Payments	  	 	76	  
	 SECTION 4.9
	  	Setoff	  	 	76	  
	 SECTION 4.10
	  	Defaulting Lenders	  	 	77	  
	 SECTION 4.11
	  	Replacement of Lenders	  	 	80	  
	 SECTION 4.12
	  	Bank Products	  	 	81	  
	 SECTION 4.13
	  	Application of Proceeds Prior to an Event of Default	  	 	81	  
	 SECTION 4.14
	  	Borrowers’ Loan Account; Statements	  	 	83	  
		
	ARTICLE V CONDITIONS TO EFFECTIVENESS AND INITIAL CREDIT EXTENSIONS	  	 	84	  
			
	 SECTION 5.1
	  	Effectiveness and Initial Credit Extension	  	 	84	  
	 SECTION 5.1.1
	  	Executed Counterparts	  	 	84	  
	 SECTION 5.1.2
	  	Repayment of Certain Outstanding Indebtedness, etc.	  	 	84	  
	 SECTION 5.1.3
	  	Resolutions, etc.	  	 	84	  
	 SECTION 5.1.4
	  	Closing Fees, Expenses, etc.	  	 	85	  
	 SECTION 5.1.5
	  	Financial Information	  	 	85	  
	 SECTION 5.1.6
	  	Collateral Information	  	 	85	  
	 SECTION 5.1.7
	  	Collateral Access Agreements	  	 	86	  
	 SECTION 5.1.8
	  	Blocked Account Agreements	  	 	86	  
	 SECTION 5.1.9
	  	Securities Control Agreements	  	 	86	  
	 SECTION 5.1.10
	  	Processor Letters	  	 	87	  
	 SECTION 5.1.11
	  	Security Agreement	  	 	87	  
	 SECTION 5.1.12
	  	Pledge Agreements	  	 	87	  
	 SECTION 5.1.13
	  	SECTION 5.1.13 Mortgages and Related Documents	  	 	87	  
	 SECTION 5.1.14
	  	Leasehold Mortgages and Related Documents	  	 	89	  
	 SECTION 5.1.15
	  	Opinions of Counsel	  	 	90	  
	 SECTION 5.1.16
	  	Filings	  	 	90	  
	 SECTION 5.1.17
	  	Solvency, etc.	  	 	90	  
	 SECTION 5.1.18
	  	UCC Searches	  	 	90	  
	 SECTION 5.1.19
	  	Insurance	  	 	90	  
	 SECTION 5.1.20
	  	Excess Availability	  	 	90	  
	 SECTION 5.1.21
	  	No Material Adverse Change	  	 	91	  

							
	 SECTION 5.2
	  	All Credit Extensions	  	 	91	  
	 SECTION 5.2.1
	  	Compliance with Warranties, No Default, etc.	  	 	91	  
	 SECTION 5.2.2
	  	Credit Extension Request, etc.	  	 	91	  
	 SECTION 5.2.3
	  	Satisfactory Legal Form	  	 	91	  
		
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	  	 	92	  
			
	 SECTION 6.1
	  	Organization, etc.	  	 	92	  
	 SECTION 6.2
	  	Due Authorization, Non-Contravention, etc.	  	 	92	  
	 SECTION 6.3
	  	Government Approval, Regulation, etc.	  	 	92	  
	 SECTION 6.4
	  	Validity, etc.	  	 	93	  
	 SECTION 6.5
	  	Financial Information	  	 	93	  
	 SECTION 6.6
	  	No Material Adverse Change	  	 	93	  
	 SECTION 6.7
	  	Litigation	  	 	93	  
	 SECTION 6.8
	  	Subsidiaries	  	 	94	  
	 SECTION 6.9
	  	Ownership of Properties	  	 	94	  
	 SECTION 6.10
	  	Taxes	  	 	94	  
	 SECTION 6.11
	  	Pension and Welfare Plans	  	 	94	  
	 SECTION 6.12
	  	Environmental Warranties	  	 	95	  
	 SECTION 6.13
	  	Accuracy of Information	  	 	96	  
	 SECTION 6.14
	  	Regulations U and X	  	 	96	  
	 SECTION 6.15
	  	Solvency	  	 	96	  
	 SECTION 6.16
	  	Capitalization	  	 	97	  
	 SECTION 6.17
	  	Compliance with Laws; Authorizations	  	 	97	  
	 SECTION 6.18
	  	No Contractual or Other Restrictions	  	 	97	  
	 SECTION 6.19
	  	Absence of Any Undisclosed Liabilities	  	 	98	  
	 SECTION 6.20
	  	Intellectual Property	  	 	98	  
	 SECTION 6.21
	  	Priority of Security Interests	  	 	98	  
	 SECTION 6.22
	  	Material Contracts	  	 	98	  
	 SECTION 6.23
	  	Intentionally Deleted	  	 	99	  
	 SECTION 6.24
	  	Accounts	  	 	99	  
	 SECTION 6.25
	  	Intentionally Deleted	  	 	99	  
	 SECTION 6.26
	  	Labor Disputes	  	 	99	  
	 SECTION 6.27
	  	Distribution Centers	  	 	99	  
	 SECTION 6.28
	  	Credit Card Issuers and Credit Card Processors	  	 	100	  
	 SECTION 6.29
	  	Payable Practices	  	 	100	  
	 SECTION 6.30
	  	Borrowing Base Assets	  	 	100	  
	 SECTION 6.31
	  	Anti-Terrorism Laws; OFAC	  	 	100	  
	 SECTION 6.32
	  	HIPAA Compliance	  	 	100	  
	 SECTION 6.33
	  	Compliance with Health Care Laws	  	 	101	  
	 SECTION 6.34
	  	Farm Products, etc.	  	 	102	  
	 SECTION 6.35
	  	Intentionally Deleted	  	 	102	  
		
	ARTICLE VII COVENANTS	  	 	103	  
			
	 SECTION 7.1
	  	Affirmative Covenants	  	 	103	  
	 SECTION 7.1.1
	  	Financial Information, Reports, Notices, etc.	  	 	103	  

							
	 SECTION 7.1.2
	  	Maintenance of Existence; Compliance with Laws, etc.	  	 	106	  
	 SECTION 7.1.3
	  	Maintenance of Properties	  	 	107	  
	 SECTION 7.1.4
	  	Insurance	  	 	107	  
	 SECTION 7.1.5
	  	Books and Records	  	 	108	  
	 SECTION 7.1.6
	  	Environmental Law Covenant	  	 	108	  
	 SECTION 7.1.7
	  	Use of Proceeds	  	 	109	  
	 SECTION 7.1.8
	  	Future Guarantors, Security, etc.	  	 	109	  
	 SECTION 7.1.9
	  	Conduct of Business; Separate Existence; Maintenance of Authorizations	  	 	110	  
	 SECTION 7.1.10
	  	Standby Letters of Credit	  	 	110	  
	 SECTION 7.1.11
	  	Offsite Books and Records	  	 	110	  
	 SECTION 7.1.12
	  	Eligible Borrowing Base Assets	  	 	110	  
	 SECTION 7.1.13
	  	Agricultural Products	  	 	111	  
	 SECTION 7.1.14
	  	Credit Card Agreements	  	 	112	  
	 SECTION 7.1.15
	  	Post-Closing Deliveries	  	 	112	  
	 SECTION 7.2
	  	Negative Covenants	  	 	113	  
	 SECTION 7.2.1
	  	Business Activities	  	 	113	  
	 SECTION 7.2.2
	  	Indebtedness	  	 	114	  
	 SECTION 7.2.3
	  	Liens	  	 	120	  
	 SECTION 7.2.4
	  	Minimum Excess Availability	  	 	122	  
	 SECTION 7.2.5
	  	Investments	  	 	122	  
	 SECTION 7.2.6
	  	Restricted Payments, etc.	  	 	125	  
	 SECTION 7.2.7
	  	Changes to Fiscal Year	  	 	125	  
	 SECTION 7.2.8
	  	Intentionally Deleted	  	 	125	  
	 SECTION 7.2.9
	  	Issuance of Capital Securities	  	 	125	  
	 SECTION 7.2.10
	  	Consolidation, Merger, Dissolution, etc.	  	 	126	  
	 SECTION 7.2.11
	  	Permitted Dispositions	  	 	127	  
	 SECTION 7.2.12
	  	Intentionally Deleted	  	 	129	  
	 SECTION 7.2.13
	  	Transactions with Affiliates	  	 	129	  
	 SECTION 7.2.14
	  	Restrictive Agreements, etc.	  	 	129	  
	 SECTION 7.2.15
	  	Sale and Leaseback	  	 	130	  
	 SECTION 7.2.16
	  	Collateral Access Agreements	  	 	130	  
	 SECTION 7.2.17
	  	Credit Card Issuers and Credit Card Processors	  	 	130	  
	 SECTION 7.2.18
	  	Accounts; Investment Property	  	 	130	  
	 SECTION 7.2.19
	  	Designation of Designated Senior Debt	  	 	131	  
	 SECTION 7.3
	  	Collateral Reporting and Covenants	  	 	131	  
	 SECTION 7.3.1
	  	Collateral Reporting	  	 	131	  
	 SECTION 7.3.2
	  	Inventory Covenants	  	 	133	  
	 SECTION 7.3.3
	  	Pharmacy Scripts Covenants	  	 	133	  
	 SECTION 7.3.4
	  	Pharmacy Receivables Covenants	  	 	134	  
	 SECTION 7.3.5
	  	Credit Card Receivables Covenants	  	 	135	  
	 SECTION 7.3.6
	  	Real Property Covenants	  	 	136	  
	 SECTION 7.3.7
	  	Power of Attorney	  	 	136	  
	 SECTION 7.3.8
	  	Right to Cure	  	 	137	  
	 SECTION 7.3.9
	  	Access to Premises/Field Audits	  	 	137	  
	 SECTION 7.4
	  	Majority Accounts	  	 	138	  

							
	 SECTION 7.4.1
	  	Maintaining Majority Accounts	  	 	138	  
	 SECTION 7.4.2
	  	Disposition of Funds	  	 	138	  
	 SECTION 7.5
	  	[Intentionally Omitted]	  	 	138	  
		
	ARTICLE VIII EVENTS OF DEFAULT	  	 	138	  
			
	 SECTION 8.1
	  	Listing of Events of Default	  	 	138	  
	 SECTION 8.1.1
	  	Non-Payment of Obligations	  	 	138	  
	 SECTION 8.1.2
	  	Breach of Representation or Warranty	  	 	139	  
	 SECTION 8.1.3
	  	Non-Performance of Certain Covenants and Obligations	  	 	139	  
	 SECTION 8.1.4
	  	Non-Performance of Other Covenants and Obligations	  	 	139	  
	 SECTION 8.1.5
	  	Default on Other Indebtedness	  	 	139	  
	 SECTION 8.1.6
	  	Judgments	  	 	140	  
	 SECTION 8.1.7
	  	Pension Plans	  	 	140	  
	 SECTION 8.1.8
	  	Change in Control	  	 	140	  
	 SECTION 8.1.9
	  	Impairment of Security, etc.	  	 	140	  
	 SECTION 8.1.10
	  	Bankruptcy, Insolvency, etc.	  	 	140	  
	 SECTION 8.1.11
	  	Suspension under Credit Card Agreement, etc.	  	 	141	  
	 SECTION 8.2
	  	Actions Related to Bankruptcy	  	 	141	  
	 SECTION 8.3
	  	Action if Other Event of Default	  	 	142	  
	 SECTION 8.4
	  	Application of Proceeds After an Event of Default	  	 	142	  
		
	ARTICLE IX THE AGENT AND CO-COLLATERAL AGENTS	  	 	143	  
			
	 SECTION 9.1
	  	Actions	  	 	143	  
	 SECTION 9.2
	  	Funding Reliance, etc.	  	 	144	  
	 SECTION 9.3
	  	Exculpation	  	 	144	  
	 SECTION 9.4
	  	Successor	  	 	145	  
	 SECTION 9.5
	  	Loans by Wells Fargo Bank and GECC	  	 	145	  
	 SECTION 9.6
	  	Credit Decisions	  	 	145	  
	 SECTION 9.7
	  	Copies, etc.	  	 	146	  
	 SECTION 9.8
	  	Reliance by Agents	  	 	146	  
	 SECTION 9.9
	  	Defaults	  	 	146	  
	 SECTION 9.10
	  	Other Agent Designations	  	 	147	  
	 SECTION 9.11
	  	Co-Collateral Agent Determinations	  	 	147	  
	 SECTION 9.12
	  	Intercreditor Arrangements	  	 	148	  
	 SECTION 9.13
	  	Field Audit, Examination Reports and other Information	  	 	148	  
		
	ARTICLE X MISCELLANEOUS PROVISIONS	  	 	149	  
			
	 SECTION 10.1
	  	Waivers, Amendments, etc.	  	 	149	  
	 SECTION 10.2
	  	Notices; Time	  	 	152	  
	 SECTION 10.3
	  	Payment of Costs and Expenses	  	 	153	  
	 SECTION 10.4
	  	Indemnification	  	 	154	  
	 SECTION 10.5
	  	Survival	  	 	155	  
	 SECTION 10.6
	  	Severability	  	 	155	  
	 SECTION 10.7
	  	Headings	  	 	155	  

							
	 SECTION 10.8
	  	Execution in Counterparts, Effectiveness, etc.	  	 	156	  
	 SECTION 10.9
	  	Governing Law; Entire Agreement	  	 	156	  
	 SECTION 10.10
	  	Successors and Assigns	  	 	156	  
	 SECTION 10.11
	  	Sale and Transfer of Credit Extensions; Participations in Credit Extensions	  	 	156	  
	 SECTION 10.11.1
	  	Assignments	  	 	157	  
	 SECTION 10.11.2
	  	Participations	  	 	159	  
	 SECTION 10.12
	  	Other Transactions	  	 	160	  
	 SECTION 10.13
	  	Certain Collateral and Other Matters; Rate Protection Agreements	  	 	160	  
	 SECTION 10.14
	  	Forum Selection and Consent to Jurisdiction	  	 	162	  
	 SECTION 10.15
	  	Waiver of Jury Trial	  	 	162	  
	 SECTION 10.16
	  	Effect of this Agreement	  	 	163	  
	 SECTION 10.17
	  	Appointment of the Administrative Borrower as Agent for Requesting Loans and Receipts of Loans and Statements	  	 	163	  
	 SECTION 10.18
	  	Waiver of Counterclaims, etc.	  	 	164	  
	 SECTION 10.19
	  	Patriot Act Notice, etc.	  	 	164	  
	 SECTION 10.20
	  	Additional Loans	  	 	164	  
	 SECTION 10.21
	  	Confidentiality	  	 	165	  
		
	ARTICLE XI ACKNOWLEDGMENT AND RESTATEMENT	  	 	166	  
			
	 SECTION 11.1
	  	Existing Obligations	  	 	166	  
	 SECTION 11.2
	  	Acknowledgment of Security Interests	  	 	166	  
	 SECTION 11.3
	  	Existing Loan Documents	  	 	167	  
	 SECTION 11.4
	  	Restatement	  	 	167	  

 SCHEDULES AND EXHIBITS 

 

			
	SCHEDULE I -	  	Disclosure Schedule
	SCHEDULE II -	  	Commitments
	SCHEDULE III -	  	Capitalization and Ownership
	SCHEDULE IV -	  	Fiscal Quarters and Fiscal Years of Winn-Dixie and its Subsidiaries

					
			
	EXHIBIT A	 	-	  	Form of Borrowing Request
	EXHIBIT B-1	 	-	  	Form of Standby Letter of Credit Issuance Request
	EXHIBIT B-2	 	-	  	Form of Subfacility Letter of Credit Issuance Request
	EXHIBIT C	 	-	  	Form of Continuation/Conversion Notice
	EXHIBIT D	 	-	  	Form of Compliance Certificate
	EXHIBIT E	 	-	  	Form of Lender Assignment Agreement
	EXHIBIT F	 	-	  	Form of Borrowing Base Certificate

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated March 18, 2011, is by and among WINN-DIXIE STORES, INC., a Florida
corporation (“Winn-Dixie”), WINN-DIXIE MONTGOMERY, LLC, a Florida limited liability company (“W-D Montgomery”), WINN-DIXIE PROCUREMENT, INC., a Florida corporation (“W-D Procurement”), WINN-DIXIE RALEIGH, INC., a
Florida corporation (“W-D Raleigh”), WINN-DIXIE SUPERMARKETS, INC., a Florida corporation (“W-D Supermarkets”), WINN-DIXIE PROPERTIES, LLC, a Florida limited liability company (“W-D Properties”, and together with
Winn-Dixie, W-D Montgomery, W-D Procurement, W-D Raleigh and W-D Supermarkets, each a “Borrower” and, collectively, the “Borrowers” as hereinafter further defined), the various financial institutions and other Persons from time
to time parties hereto (“Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo Bank”), in its capacities as administrative agent and co-collateral agent for the Lenders (in such capacities, “Agent”), GENERAL
ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“GECC”), in its capacity as co-collateral agent for the Lenders (in such capacity, a “Co-Collateral Agent”), UBS SECURITIES LLC and US BANK NATIONAL ASSOCIATION, in their
respective capacities as co-documentation agents (in such capacities, “Co-Documentation Agents”), GENERAL ELECTRIC CAPITAL CORPORATION, in its capacity as syndication agent (in such capacity, “Syndication Agent”), WELLS FARGO
CAPITAL FINANCE, LLC (“Wells Fargo Capital”), GE CAPITAL MARKETS, INC. and UBS SECURITIES LLC, in their respective capacities as joint lead arrangers and joint bookrunners (in such capacities, the “Arrangers”). 

W I T N E S S E T H: 
 WHEREAS, Agent, Existing Lenders and Existing Borrowers are parties to the Existing Credit Agreement (as hereinafter defined) pursuant to which Existing Lenders have made loans and advances and provided
other financial accommodations to Existing Borrowers; 
 WHEREAS, Borrowers and Guarantors have requested that Agent and Lenders
amend and restate the Existing Credit Agreement on terms and conditions set forth herein; 
 WHEREAS, each Lender is willing to
agree (severally and not jointly) to amend and restate the Existing Credit Agreement and to continue to make loans and provide such financial accommodations to Borrowers on a pro rata basis according to its Commitment (as hereinafter defined) on the
terms and conditions set forth herein, and Agent and Arrangers are willing to act in their respective capacities as agents hereunder for the Lenders on the terms and conditions set forth herein and the other Loan Documents; 

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

 SECTION 1.1 Defined Terms. The following terms (whether or not underscored) when used
in this Agreement, including its preamble and recitals, shall, except where the context otherwise requires, have the following meanings (such meanings to be equally applicable to the singular and plural forms thereof): 

“Account Debtor” means a Third Party Payor obligated on a Pharmacy Receivable or a Credit Card Receivable. 

“Accounts” means, as to each Borrower and Guarantor, all present and future rights of such Borrower and Guarantor to payment of
a monetary obligation, whether or not earned by performance, which is not evidenced by chattel paper or an instrument, (a) for property that has been or is to be sold, leased, licensed, assigned or otherwise disposed of, (b) for services
rendered or to be rendered, (c) for a secondary obligation incurred or to be incurred or (d) arising out of the use of a credit or charge card or information contained on or for use with the card (including without limitation Credit Card
Receivables). 
 “ACH Agreement” means (a) the Amended and Restated ACH Limit Agreement, dated November 21,
2006, between Winn-Dixie and Wells Fargo Bank, and (b) any other written agreement, in form and substance satisfactory to Agent in good faith, between any Borrower and any Bank Product Provider related to the provision by such Bank Product
Provider of ACH Transactions to such Borrower, as each may be amended, supplemented, amended and restated or otherwise modified from time to time. 
 “ACH Limit” has the meaning defined in each ACH Agreement. 
 “ACH
Transactions” means any overdrafts, cash management or related services by a Bank Product Provider consisting of the automatic clearinghouse transfer of funds for the account of a Borrower pursuant to agreement or overdraft for any accounts of
Borrowers maintained at such Bank Product Provider that are subject to the control of Agent pursuant to a Blocked Account Agreement to which Agent or such Bank Product Provider is a party, as applicable. 

“Additional Collateral Reporting Period” means either (a) the period during which an Event of Default shall have occurred
and be continuing or (b) the period commencing on any date on which Excess Availability is less than $100,000,000 and ending on a Collateral Reporting Reversion Date. 
 “Administrative Borrower” means Winn-Dixie in its capacity as Administrative Borrower on behalf of itself and the other Borrowers pursuant to Section 10.17 hereof and its successors and
assigns in such capacity. 
 “Affiliate” of any Person means any other Person which, directly or indirectly, controls,
is controlled by or is under common control with such Person. “Control” of a Person means the power, directly or indirectly, (a) to vote ten (10%) or more of the Capital Securities (on a fully diluted basis) or other equity or
membership interests having ordinary voting power for the election of directors, managing members or general partners (as applicable) or (b) to direct or cause the direction of the management and policies of such Person (whether through
ownership of Capital Securities, by contract or otherwise). 

  
 2 

 “Agent” means Wells Fargo Bank, together with its successors and assigns,
including any other Person appointed as the successor Agent pursuant to Section 9.4 hereof. 
 “Agreement” means
this Second Amended and Restated Credit Agreement as hereafter amended, supplemented, amended and restated or otherwise modified from time to time and in effect on such date. 
 “Alternate Base Rate” means, on any date and with respect to all Base Rate Loans, a fluctuating rate of interest per annum equal to the higher of (a) the Base Rate in effect on such day;
(b) the Federal Funds Rate in effect on such day plus one half of one (.50%) percent; or (c) the LIBO Rate for a one month period in effect on such day plus one (1%) percent. Changes in the rate of interest on that portion of any
Loans maintained as Base Rate Loans will take effect as of the opening of business on the date of each change in the Alternate Base Rate. Agent will give notice promptly to Administrative Borrower and the Lenders of changes in the Alternate Base
Rate; provided that the failure to give such notice shall not affect the Alternate Base Rate in effect after such change. If for any reason Agent shall have determined (which determination shall be conclusive in the absence of manifest error) that
it is unable to ascertain the Federal Funds Rate for any reason, including the inability of Agent to obtain sufficient quotations in accordance with the terms hereof, the Alternate Base Rate shall be determined without regard to clause (b) of
the first sentence of this definition, until the circumstances giving rise to such inability no longer exist. 
 “Annual
Projections” is defined in Section 7.1.1(d) hereof. 
 “Applicable Amount” is defined in
Section 2.1.3(c) hereof. 
 “Applicable Margin” means, at any time, as to the interest rate for Base Rate Loans
and LIBO Rate Loans, and as to the Standby Letter of Credit fee for Standby Letters of Credit and the Subfacility Letter of Credit fee for Subfacility Letters of Credit, the applicable percentages (on a per annum basis) set forth below, in each case
determined if the Quarterly Average Excess Availability for the immediately preceding Fiscal Quarter is at or within the amounts indicated for such percentages as of the last day of such Fiscal Quarter as follows: 

 

																			
	 Tier
	  	Quarterly
Average Excess
Availability	  	Applicable LIBO
Rate (Reserve
Adjusted) Margin	 	 	Applicable
ABR Rate
Margin	 	 	Applicable
Standby LC
Margin	 	 	Applicable
Subfacility
LC Margin	 
	1	  	Greater than $330,000,000	  	 	2.50	% 	 	 	1.50	% 	 	 	2.50	% 	 	 	2.50	% 
	2	  	Less than or equal to
$330,000,000 and greater
than $165,000,000	  	 	2.75	% 	 	 	1.75	% 	 	 	2.75	% 	 	 	2.75	% 
	3	  	Less than or equal to
$165,000,000	  	 	3.00	% 	 	 	2.00	% 	 	 	3.00	% 	 	 	3.00	% 

  
 3 

 provided, that, (i) the Applicable Margin shall be calculated and established once each
Fiscal Quarter and shall remain in effect until adjusted thereafter after the end of such Fiscal Quarter, (ii) each adjustment of the Applicable Margin shall be effective as of the first day of a Fiscal Quarter based on the Quarterly Average
Excess Availability for the immediately preceding Fiscal Quarter, (iii) the Applicable Margin from the date hereof through and including September 19, 2011 shall be the applicable percentages set forth in Tier 2 above, and (iv) in the
event that Borrowers fail to provide any Borrowing Base Certificate or other information required hereunder with respect thereto for any period on the date required hereunder, effective as of the date on which such Borrowing Base Certificate or such
other information was otherwise required, at Agent’s option, the Applicable Margin shall be based on the highest rate above until the next Business Day after the Borrowing Base Certificate or other information is provided for the applicable
period at which time the Applicable Margin shall be adjusted as otherwise provided herein. In the event that at any time after the end of a Fiscal Quarter the Quarterly Average Excess Availability for such Fiscal Quarter used in the calculation of
the Applicable Margin was greater than or less than the actual amount of the Quarterly Average Excess Availability, the Applicable Margin shall be adjusted for such prior Fiscal Quarter as may be appropriate and any additional interest as a result
of such recalculation shall be promptly paid to Agent and any additional interest paid by Borrowers shall be credited to the loan account of Borrowers. The foregoing shall not be construed to limit the rights of Agent with respect to the amount of
interest payable after a Default or Event of Default whether based on such recalculated percentage or otherwise. 

“Arrangers” is defined in the preamble. 
 “Assignee Lender” is defined in Section 10.11.1 hereof. 

“Assignor Lender” is defined in Section 10.11.1 hereof. 

“Authorized Officer” means, relative to any Obligor, those of its officers, general partners or managing members (as
applicable) whose signatures and incumbency shall have been certified to Agent, the Lenders and the Issuer pursuant to Section 5.1.3 hereof or as updated by Borrowers from time to time and certified in the manner provided above. 

“Average Stated Amount” means, on any date and with respect to a particular Letter of Credit, the average daily maximum amount
available to be drawn under such Letter of Credit. 

  
 4 

 “Bank Accounts” means all deposit accounts, investment accounts or securities
accounts in the name of or used by any Borrower, any Guarantor or any Subsidiary of any Borrower or Guarantor. 
 “Bank
Product Provider” means Wells Fargo Bank or any of its Affiliates, any other Lender or any of its Affiliates, or any other financial institution (in the case of any such other financial institution, to the extent approved by Agent, which
approval shall not be unreasonably withheld) that provides Bank Products to Borrowers. 
 “Bank Products” means any
one or more of the following types or services or facilities provided to a Borrower by a Bank Product Provider: (a) credit cards or stored value or purchasing cards, (b) debit cards, (c) cash management or related services, including
(i) ACH Transactions, and (ii) controlled disbursement services and (d) Rate Protection Agreements if and to the extent permitted hereunder. Any of the foregoing shall only be included in the definition of the term “Bank
Products” to the extent that the Bank Product Provider has been approved by Agent. 
 “Bankruptcy Code” means the
United States Bankruptcy Code, being Title 11 of the United States Code (11 U.S.C. Sections 101-1532), as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented, together with all official rules and
regulations thereunder. 
 “Base Rate” means, at any time, the rate of interest per annum then most recently publicly
announced by Wells Fargo Bank at its principal office in San Francisco, California as its prime rate for Dollars loaned in the United States. The parties hereto acknowledge that the Base Rate is an index rate and is not necessarily intended to be
the lowest or best rate of interest charged to other banks or to customers in connection with extensions of credit. 

“Base Rate Loan” means a Loan bearing interest at a fluctuating rate determined by reference to the Alternate Base Rate.

 “Blocked Account Agreement” means each blocked account agreement duly executed and delivered by any bank or
financial institution, including, without limitation, Wells Fargo Bank, as account holder, any Borrower or any of their Subsidiaries and Agent, pursuant to the requirements of this Agreement. 

“Borrowers” means, collectively, Winn-Dixie, Real Estate Borrower and the other Subsidiary Borrowers, together with their
respective successors and assigns, including any trustee or other fiduciary hereafter appointed as legal representative on behalf of such person or on behalf of any such successor or assign; each sometimes referred to individually as a
“Borrower”. 
 “Borrowing” means the Loans of the same type and, in the case of LIBO Rate Loans, having the
same Interest Period made by all Lenders required to make such Loans on the same Business Day and pursuant to the same Borrowing Request in accordance with Section 2.1 hereof. 

“Borrowing Base” means, at any time, for Borrowers collectively, the amount equal to: 

  
 5 

 (a) the lesser of: 

(i) the amount equal to the sum of: 

(A) the lesser of (1) seventy (70%) percent multiplied by the Value of the Eligible Inventory consisting of
finished goods (other than Perishable Inventory) or (2) ninety (90%) percent of the Net Recovery Percentage multiplied by the Value of the Eligible Inventory consisting of finished goods (other than Perishable Inventory); plus 

(B) the lesser of (1) seventy (70%) percent multiplied by the Value of the Eligible Inventory consisting of
finished goods that is Perishable Inventory or (2) ninety (90%) percent of the Net Recovery Percentage multiplied by the Value of the Eligible Inventory consisting of finished goods that is Perishable Inventory or (3) $85,000,000;
plus 
 (C) the lesser of: (1) the sum of (x) ninety (90%) percent of the Net Amount of Eligible
Pharmacy Receivables (other than Medicare Pharmacy Receivables and Medicaid Pharmacy Receivables) and (y) ninety (90%) percent of the Net Amount of Eligible Credit Card Receivables or (2) $35,000,000; plus 

(D) the lesser of: (1) eighty (80%) percent of the Net Amount of Eligible Pharmacy Receivables consisting of
Medicare Pharmacy Receivables and Medicaid Pharmacy Receivables or (2) $10,000,000; plus 
 (E) the lesser
of (1) the Pharmacy Scripts Availability or (2) $100,000,000; plus 
 (F) the Real Property
Availability; or 
 (ii) the Maximum Credit, 

minus 
 (b) all Reserves. 
 “Borrowing Base Assets” means Inventory, Pharmacy
Scripts, Pharmacy Receivables (including Medicare Pharmacy Receivables and Medicaid Pharmacy Receivables), Credit Card Receivables and the Real Property. 
 “Borrowing Base Certificate” is defined in Section 7.3.1(a)(iv) hereof 
 “Borrowing Request” means a Loan request and certificate duly executed by an Authorized Officer of the Administrative Borrower substantially in the form of Exhibit A hereto. 

“Business Day” means (a) any day which is neither a Saturday or Sunday nor a legal holiday on which banks are authorized
or required to be closed in New York, New York or Charlotte, North Carolina; and (b) relative to the making, continuing, prepaying or repaying of any LIBO Rate Loans, any day which is a Business Day described in clause (a) of this
definition and which is also a day on which dealings in Dollars are carried on in the London interbank eurodollar market. 

  
 6 

 “Capital Expenditures” means, for any period, the aggregate net amount of all
expenditures of Winn-Dixie and its Subsidiaries made during such period for property, plant and equipment calculated in accordance with GAAP in the manner set forth in Winn-Dixie’s Consolidated Statements of Cash Flows as contained in the 2010
10-K. 
 “Capital Securities” means, with respect to any Person, all shares, interests, participations or other
equivalents (however designated, whether voting or non-voting) of such Person’s capital stock, limited liability company membership interests or other equity interests, whether now outstanding or issued after the Closing Date. 

“Capitalized Lease Liabilities” means, with respect to any Person, all monetary obligations of such Person and its Subsidiaries
under any leasing or similar arrangement which have been (or, in accordance with GAAP, should be) classified as capitalized leases, and for purposes of each Loan Document the amount of such obligations shall be the capitalized amount thereof,
determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment
of a premium or a penalty. 
 “Cash Collateralize” means, with respect to a Letter of Credit, the deposit of
immediately available funds into a cash collateral account maintained with (or on behalf of) Agent on terms satisfactory to Agent in an amount equal to the Stated Amount of such Letter of Credit and all related fees and other amounts. 

“Cash Equivalent Investment” means, at any time: 

(a) any direct obligation of (or unconditionally guaranteed by) the United States or a state thereof (or any agency or
political subdivision thereof, to the extent such obligations are supported by the full faith and credit of the United States or a state thereof) maturing not more than one year after such time; 

(b) commercial paper maturing not more than two hundred seventy (270) days from the date of issue, which is issued by
(i) a corporation (other than a Subsidiary or an Affiliate of any Obligor) organized under the laws of any state of the United States or of the District of Columbia and rated A-1 or higher by S&P or P-1 or higher by Moody’s, or
(ii) any Lender (or its holding company); 
 (c) any certificate of deposit, time deposit or bankers
acceptance, maturing not more than one year after its date of issuance, which is issued by either (i) any bank organized under the laws of the United States (or any state thereof) and which has (A) a credit rating of A2 or higher from
Moody’s or A or higher from S&P and (B) a combined capital and surplus greater than $500,000,000, or (ii) any Lender; 

  
 7 

 (d) any repurchase agreement having a term of thirty (30) days or less
entered into with any Lender or any commercial banking institution satisfying the criteria set forth in clause (c)(i) of this definition which (i) is secured by a fully perfected security interest in any obligation of the type described in
clause (a) of this definition, and (ii) has a market value at the time such repurchase agreement is entered into of not less than one hundred (100%) percent of the repurchase obligation of such commercial banking institution
thereunder; or 
 (e) mutual funds investing only in assets described in clauses (a) through (d) of
this definition. 
 “Cash Management Event” is defined in Section 7.4.2 hereof. 

“Casualty Event” means the damage, destruction or condemnation, as the case may be, of property of any Person or any of its
Subsidiaries. 
 “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as
amended. 
 “CERCLIS” means the Comprehensive Environmental Response Compensation Liability Information System List.

 “Change in Control” means 
 (a) any “person” or “group” (as such terms are used in Rule 13d-5 of the Exchange Act, and Sections 13(d) and 14(d) of the Exchange Act) of persons (i) becomes, directly or
indirectly, in a single transaction or in a related series of transactions by way of merger, consolidation, or other business combination or otherwise, the “beneficial owner” (as such term is used in Rule 13d-3 of the Exchange Act) of more
than fifty (50%) percent of the total voting power in the aggregate of all classes of Capital Securities of Winn-Dixie then outstanding entitled to vote generally in elections of directors of Winn-Dixie, or (ii) otherwise acquires the
power to direct or cause the direction of the management or policies of Winn-Dixie; 
 (b) during any period of
twenty four (24) consecutive months, individuals who at the beginning of such period constituted the Board of Directors of Winn-Dixie (together with any new directors whose election to such Board or whose nomination for election by the
stockholders of Winn-Dixie was approved by a vote of fifty (50%) percent of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved)
cease for any reason to constitute a majority of the Board of Directors of Winn-Dixie then in office; 
 (c)
Winn-Dixie shall cease to be the direct or indirect holder and owner of one hundred (100%) percent (or such lower percentage, not to be less than fifty-one (51%) percent, as may be approved, in writing, by Agent and Co-Collateral Agents)
of the Capital Securities of each Borrower (other than itself), Stores Leasing, Raleigh Leasing, Montgomery Leasing and Warehouse Leasing (subject to any transactions permitted under Section 7.2.10(a) hereof), subject to the lien of the
Security Agreement; or 

  
 8 

 (d) the occurrence of any “change in control” (or similar term) as
defined in the Qualified Debt Offering Documents. 
 “Closing Date” means the date on which all conditions to the
effectiveness of this Agreement are satisfied. 
 “Code” means the Internal Revenue Code of 1986, and the rules and
regulations thereunder, in each case as amended, reformed or otherwise modified from time to time. 
 “Co-Collateral
Agents” shall mean, collectively, Agent and General Electric Capital Corporation, each in its capacity as co-collateral agent, and any replacement or successor collateral agents hereunder. For purposes of the Mortgages and the Leasehold
Mortgages, each reference therein to “Collateral Agent” shall be deemed to be “Co-Collateral Agent”. 

“Co-Documentation Agents” is defined in the preamble. 
 “Collateral” means any property purported to be pledged or with respect to which a Lien is purported to be granted pursuant to any Loan Document to secure the Obligations. 

“Collateral Access Agreement” means each collateral access agreement duly executed and delivered by any landlord of Borrowers
or any of their Subsidiaries with respect to Winn-Dixie’s headquarters in Jacksonville, Florida or any leased distribution centers or warehouses pursuant to the requirements of this Agreement. 

“Collateral Issues” is defined in Section 9.11(a) hereof. 

“Collateral Reporting Reversion Date” means any date on which Excess Availability shall have been equal to or greater than
$150,000,000 for the immediately preceding ninety (90) consecutive days. 
 “Commitment” means, as the context
may require, a Revolving Loan Commitment, Subfacility Letter of Credit Commitment, Standby Letter of Credit Commitment or Swing Line Loan Commitment; sometimes referred to herein collectively as the “Commitments”. 

“Commitment Termination Date” means the earliest to occur of 

(a) March 18, 2011 (if the Closing Date has not occurred on or prior to such date); 

(b) the Stated Maturity Date; 
 (c) the date on which the Commitments are terminated in full and the Maximum Credit is reduced to zero pursuant to the terms of this Agreement; and 

(d) the date on which any Commitment Termination Event occurs. 

Upon the occurrence of any event described in the preceding clauses, the Commitments shall terminate automatically and without any
further action. 

  
 9 

 “Commitment Termination Event” means 

(a) the occurrence of any Event of Default described in Section 8.1.10 hereof with respect to any Borrower; or

 (b) the occurrence and continuance of any other Event of Default and either 

(i) the declaration of all or any portion of the Loans to be due and payable pursuant to Section 8.3 hereof, or

 (ii) the giving of notice by Agent, acting at the direction of the Required Lenders, to Borrowers that the
Commitments have been terminated. 
 “Compliance Certificate” means a certificate to be duly completed and executed by
an Authorized Officer of Winn-Dixie pursuant to the terms of this Agreement, substantially in the form of Exhibit D hereto or as otherwise approved by Agent, together with such changes thereto as Agent may from time to time request in good faith for
the purpose of monitoring Borrowers’ compliance with the financial covenants contained herein. 
 “Contingent
Liability” means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to
supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the Indebtedness of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of
dividends or other distributions upon the Capital Securities of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal
amount of the debt, obligation or other liability guaranteed thereby. 
 “Continuation/Conversion Notice” means a
notice of continuation or conversion and certificate to be duly executed by an Authorized Officer of a Borrower, substantially in the form of Exhibit C hereto. 
 “Controlled Group” means all members of a controlled group of corporations and all members of a controlled group of trades or businesses (whether or not incorporated) under common control which,
together with Winn-Dixie, are treated as a single employer under Section 414(b) or 414(c) of the Code or Section 4001 of ERISA. 
 “Credit Card Agreements” means all agreements now or hereafter entered into by any Borrower with any Credit Card Issuer or any Credit Card Processor (in each case, in such capacity), as the same
now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 
 “Credit Card
Issuer” means any person (other than a Borrower) who issues or whose members issue credit or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard
International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Carte Blanche and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American
Express Travel Related Services Company, Inc. or Discover Financial Services, Inc. 

  
 10 

 “Credit Card Processor” means any servicing or processing agent or any factor or
financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s or Guarantor’s sales transactions involving credit card or debit
card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer. 
 “Credit Card
Receivables” means, collectively, (a) all present and future rights of a Borrower to payment from any Credit Card Issuer, Credit Card Processor or other third party arising from sales of goods or rendition of services to customers who have
purchased such goods or services using a credit or debit card, and (b) all present and future rights of a Borrower to payment from any Credit Card Issuer, Credit Card Processor or other third party in connection with the sale or transfer of
Accounts arising pursuant to the sale of goods or rendition of services to customers who have purchased such goods or services using a credit card or a debit card, including, but not limited to, all amounts at any time due or to become due from any
Credit Card Issuer or Credit Card Processor under the Credit Card Agreements or otherwise. 
 “Credit Extension”
means, as the context may require, (a) the making of a Loan by a Lender; or (b) the issuance of any Letter of Credit, or the extension of any Stated Expiry Date of any Existing Letter of Credit, by an Issuer. 

“Default” means any Event of Default or any condition, occurrence or event which, after notice or lapse of time or both, would
constitute an Event of Default. 
 “Defaulting Lender” is defined in Section 4.10 hereof. 

“deposit account” has the meaning defined in the UCC. 
 “Designated Officer” means the President, any managing member, Senior Vice President, Vice President of Finance and Treasurer, Vice President, Controller and Chief Accounting Officer of any
Borrower, or any other officer designated by a Borrower with the written consent of Agent. 
 “Disbursement” is
defined in Section 2.6.2 hereof. 
 “Disbursement Date” is defined in Section 2.6.2 hereof. 

“Disclosure Schedule” means the Disclosure Schedule attached hereto as Schedule I, as amended, supplemented, amended and
restated or otherwise modified from time to time by Borrowers with the written consent of the Required Lenders. 

“Disposition” (or similar words such as “Dispose”) means any sale, transfer, lease, contribution or other conveyance
(including by way of merger) of, or the granting of options, warrants or other rights to, any of Borrowers’ or their Subsidiaries’ assets (including accounts receivable and Capital Securities of Subsidiaries) to any other Person (other
than to another Obligor) in a single transaction or series of related transactions. 

  
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 “Dollar” and the sign “$” mean lawful money of the United States.

 “Domestic Office” means the office of a Lender designated as its “Domestic Office” in a Lender Assignment
Agreement or such office within the United States as may be designated from time to time by notice from such Lender to Agent and Borrowers. 
 “Eligible Assignee” means each Lender, any Affiliate of a Lender, any Related Fund and any other Person approved in writing (which approval shall not be unreasonably withheld) by Agent with (so
long as no Default has occurred and is continuing) the consent of Administrative Borrower (not to be unreasonably withheld or delayed); provided, that, (a) neither any Borrower nor any Guarantor or any Affiliate of any Borrower or
Guarantor shall qualify as an Eligible Assignee, (b) no Person (or any Affiliate thereof) to whom any Indebtedness of any Borrower or Guarantor is owed which is in any way subordinated in right of payment to any other Indebtedness of any
Borrower or Guarantor shall qualify as an Eligible Assignee, except as Agent may otherwise specifically agree and (c) no natural persons shall qualify as an Eligible Assignee. 

“Eligible Borrowing Base Assets” means Eligible Inventory, Eligible Pharmacy Scripts, Eligible Pharmacy Receivables, Eligible
Credit Card Receivables and Eligible Real Property. 
 “Eligible Credit Card Receivables” means the Credit Card
Receivables owed to any Borrower which are and continue to be acceptable to Co-Collateral Agents in good faith based on the criteria set forth below. In general, Credit Card Receivables of a Borrower shall be Eligible Credit Card Receivables if:

 (a) such Credit Card Receivables arise from the actual and bona fide sale and delivery of goods or rendition
of services by such Borrower in the ordinary course of the business of such Borrower which transactions are completed in accordance with the terms and provisions contained in any agreements binding on such Borrower or the other party or parties
related thereto; 
 (b) such Credit Card Receivables are not past due (beyond any stated applicable grace period,
if any, therefor) pursuant to the terms set forth in the Credit Card Agreements with the Credit Card Issuer or Credit Card Processor of the credit card or debit card used in the purchase which give rise to such Credit Card Receivables; 

(c) such Credit Card Receivables are not unpaid more than seven (7) days after the date of the sale of Inventory
giving rise to such Credit Card Receivables; 
 (d) all procedures required by the Credit Card Issuer or the
Credit Card Processor of the credit card or debit card used in the purchase which gave rise to such Credit Card Receivables shall have been followed in all material respects by such Borrower and all documents required for the authorization and
approval by such Credit Card Issuer or Credit Card Processor shall have been obtained in connection with the sale giving rise to such Credit Card Receivables; 

  
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 (e) the required authorization and approval by such Credit Card Issuer or
Credit Card Processor shall have been obtained for the sale giving rise to such Credit Card Receivables; 
 (f)
such Borrower shall have submitted all sales slips, drafts, charges and other reports and other materials required by the Credit Card Issuer or Credit Card Processor obligated in respect of such Credit Card Receivables in order for such Borrower to
be entitled to payment in respect thereof; 
 (g) such Credit Card Receivables comply with the applicable terms
and conditions contained in Section 7.3.5 hereof; 
 (h) the Credit Card Issuer or Credit Card Processor
with respect to such Credit Card Receivables has not asserted a counterclaim, defense or dispute and does not have any right of setoff against such Credit Card Receivables (other than transactions in the ordinary course of the business of such
Borrower) and such Credit Card Issuer or Credit Card Processor has not setoff against amounts otherwise payable by such Credit Card Issuer or Credit Card Processor to a Borrower for the purpose of establishing a reserve or collateral for obligations
of a Borrower to such Credit Card Issuer or Credit Card Processor (notwithstanding that the Credit Card Issuer or Credit Card Processor may have setoffs for fees and chargebacks consistent with the practices of such Credit Card Issuer or Credit Card
Processor with a Borrower as of the date hereof or as such practices may hereafter change as a result of changes to the policies of such Credit Card Issuer or Credit Card Processor applicable to its customers generally and unrelated to the
circumstances of a Borrower); 
 (i) there are no facts, events or occurrences which would impair in any material
respect the validity, enforceability or collectability of such Credit Card Receivables or reduce the amount payable or delay payment thereunder (other than for setoffs for fees and chargebacks consistent with the practices of such Credit Card Issuer
or Credit Card Processor with such Borrower as of the date hereof or as such practices may hereafter change as a result of changes to the policies of such Credit Card Issuer or Credit Card Processor applicable to its customers generally and
unrelated to the circumstances of a Borrower); 
 (j) such Credit Card Receivables are subject to the first
priority, valid and perfected security interest and lien of Agent and any goods giving rise thereto are not, and were not at the time of the sale thereof, subject to any encumbrances permitted under the terms hereof; 

(k) Agent shall have received, in form and substance satisfactory to Co-Collateral Agents in good faith, a Processor
Letter duly authorized, executed and delivered by the Credit Card Issuer (except in the case of American Express) or Credit Card Processor for the credit card or debit card used in the sale which gave rise to such Credit Card Receivable, such
Processor Letter shall be in full force and effect and the Credit Card Issuer or Credit Card Processor party thereto shall be in compliance with the terms thereof; 

  
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 (l) there are no proceedings or actions which are pending or, to the best of
Borrowers’ knowledge, threatened against the Credit Card Issuers or Credit Card Processors with respect to such Credit Card Receivables which would reasonably be expected to result in any material adverse change in the continued collectability
of the Credit Card Receivables with respect to the Credit Card Issuers or Credit Card Processors; 
 (m) such
Credit Card Receivables are owed by Credit Card Issuers or Credit Card Processors deemed creditworthy at all times by Co-Collateral Agents in good faith; 
 (n) no material default or event of default has occurred under the Credit Card Agreement of such Borrower with the Credit Card Issuer or Credit Card Processor who has issued the credit card or debit card
or handles payments under the credit card or debit card used in the sale which gave rise to such Credit Card Receivables, which default or event of default gives such Credit Card Issuer or Credit Card Processor the right to cease or suspend payments
to such Borrower, and no material default or event of default shall have occurred which gives such Credit Card Issuer or Credit Card Processor the right to setoff against amounts otherwise payable to such Borrower (other than for then current fees
and chargebacks consistent with the current practices of such Credit Card Issuer or Credit Card Processor as of the date hereof or as such practices may hereafter change as a result of changes to the policies of such Credit Card Issuer or Credit
Card Processor applicable to its customers generally and unrelated to the circumstances of such Borrower) or the right to establish reserves or establish or demand collateral and such Credit Card Agreements are otherwise in full force and effect and
constitute the legal, valid, binding and enforceable obligations of the parties thereto; 
 (o) the terms of the
sale giving rise to such Credit Card Receivables and all practices of such Borrower with respect to such Credit Card Receivables comply in all material respects with applicable Federal, State, and local laws and regulations; 

(p) the Credit Card Issuer or Credit Card Processor has not sent any notice of default and/or notice of its intention to
cease or suspend payments to such Borrower in respect of such Credit Card Receivables or to establish reserves or collateral for obligations of such Borrower to such Credit Card Issuer or Credit Card Processor (other than for then current fees and
chargebacks consistent with the current practices of such Credit Card Issuer or Credit Card Processor as of the date hereof or as such practices may hereafter change as a result of changes to the policies of such Credit Card Issuer or Credit Card
Processor applicable to its customers generally and unrelated to the circumstances of a Borrower); and 
 (q) the
customer using the credit card or debit card giving rise to such Credit Card Receivable shall not have returned the merchandise purchased giving rise to such Credit Card Receivable. 

The criteria for Eligible Credit Card Receivables set forth above may only be changed and any new criteria for Eligible Credit Card
Receivables may only be established by Co-Collateral Agents in good faith based on either: (A) an event, condition or other circumstance arising after the date hereof, or (B) an event, condition or other circumstance existing on the date
hereof to the extent that Co-Collateral Agents have no written notice thereof from a Borrower prior to the date hereof, in either case under clause (A) or (B) which adversely affects or could reasonably be expected to adversely affect the
Credit Card Receivables in the good faith determination of Co-Collateral Agents. Any Credit Card Receivables that are not Eligible Credit Card Receivables shall nevertheless be part of the Collateral. 

  
 14 

 “Eligible Inventory” means Inventory owned by any Borrower consisting of finished
goods held for resale in the ordinary course of the business of such Borrower, in each case which are acceptable to Co-Collateral Agents in good faith based on the criteria set forth below. In general, Eligible Inventory shall not include
(a) raw materials and work-in-process; (b) components which are not part of finished goods; (c) spare parts for equipment; (d) packaging and shipping materials; (e) supplies used or consumed in such Borrower’s business;
(f) Inventory at premises other than those owned and controlled by any Borrower (except for Eligible LC Inventory); provided that (i) as to distribution centers or warehouses which are leased by a Borrower, if Agent shall have received a
Collateral Access Agreement from the owner and lessor with respect to such distribution center or warehouse, duly authorized, executed and delivered by such owner and lessor (or Agent shall determine to accept a Collateral Access Agreement that does
not include all required provisions or provisions in the form otherwise required by Agent), Agent shall not exclude Inventory contained in such distribution center or warehouse from Eligible Inventory by reason of this clause (f), (ii) as to
Inventory at distribution centers or warehouses which are leased by a Borrower or owned and operated by a third Person, if Agent shall not have received a Collateral Access Agreement from the owner and lessor or operator with respect to such
location, duly authorized, executed and delivered by such lessor or owner and operator (or Agent shall have received a Collateral Access Agreement that does not include all required provisions or provisions in the form otherwise required by Agent),
Agent shall not exclude such Inventory from Eligible Inventory by reason of this clause (f) and may, at its option, establish such Reserves in an amount equal to ninety (90) days rent for such premises as Co-Collateral Agents shall
determine, provided that in addition, if required by Co-Collateral Agents, in order for such Inventory at locations owned and operated by a third person to be Eligible Inventory, Agent shall have received: (A) UCC financing statements between
the owner and operator, as consignee or bailee and such Borrower, as consignor or bailor, in form and substance satisfactory to the Co-Collateral Agents in good faith, which are duly assigned to Agent and (B) a written notice to any lender to
the owner and operator of the first priority security interest in such Inventory of Agent, and (iii) as to retail stores which are leased by a Borrower, Agent shall not exclude Inventory contained in such retail stores from Eligible Inventory
by reason of this clause (f); (g) Inventory subject to a security interest or lien in favor of any Person other than Agent except Permitted Liens that are subject to an intercreditor agreement in form and substance satisfactory to the
Co-Collateral Agents in good faith between the holder of such security interest or lien and Agent; (h) bill and hold goods; (i) unserviceable, obsolete or slow moving Inventory; (j) Inventory which is not subject to the first
priority, valid and perfected security interest of Agent; (k) returned, damaged and/or defective Inventory; (l) Inventory that is near, at or past the expiration date thereof; (m) Inventory purchased or sold on consignment,
(n) pharmaceuticals, tobacco and alcohol which such Borrower is not duly licensed to sell or with respect to which such Borrower is not complying with any duly issued license, (o) Inventory located in manufacturing facilities,
(p) Inventory that is not covered by valid insurance in accordance with Section 7.1.4 hereof, (q) Inventory that contains or bears any intellectual property rights licensed to such Borrower unless Co-Collateral Agents are satisfied
that they may sell or otherwise dispose of such Inventory without (i) infringing the rights of such licensor, (ii) violating any contract with such licensor, or (iii) incurring any liability with respect to payment of royalties other
than royalties incurred pursuant to sale of such Inventory under the current licensing agreement, and (r) Inventory located outside the United States of America, except for Eligible LC Inventory. The criteria for Eligible Inventory set forth
above may only be changed and any new criteria for Eligible Inventory may only be established by Co-Collateral Agents in good faith based on either: (i) an event, condition or other circumstance arising after the date hereof, or (ii) an
event, condition or other circumstance existing on the date hereof to the extent Co-Collateral Agents have no written notice thereof from a Borrower prior to the date hereof, in either case under clause (i) or (ii) which adversely affects
or could reasonably be expected to adversely affect the Inventory in the good faith determination of Co-Collateral Agents. The amounts of Eligible Inventory of Borrowers shall, at Co-Collateral Agents’ option, be determined based on the lesser
of (x) the amount of Inventory set forth in the general ledgers of Borrowers or (y) the perpetual Inventory records (by distribution center and, if any, by retail store) maintained by Borrowers. Any Inventory which is not Eligible
Inventory shall nevertheless be part of the Collateral. 

  
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 “Eligible LC Inventory” means Inventory that would otherwise be Eligible Inventory
(other than for its location outside of the United States of America) as to which: (a) the Inventory is purchased with and subject to a Letter of Credit issued hereunder, (b) the Inventory is then in transit (whether by vessel, air or
land) from a location outside of the United States of America to a location within the United States of America permitted hereunder and for which Agent shall have received such evidence thereof as Agent may reasonably require, (c) the title of
the Inventory has passed to, and such Inventory is owned by, a Borrower and for which Agent shall have received such evidence thereof as Agent may require, (d) Agent has received each of the following (except as Agent may otherwise agree in
writing, in its discretion): (i) a Freight Forwarder Agreement, duly authorized, executed and delivered by the customs broker, freight forwarder or other third party handling the shipping and delivery of such Inventory, (ii) a copy of the
certificate of marine cargo or other applicable insurance in connection therewith in which Agent has been named as an additional insured and loss payee in a manner reasonably acceptable to Agent and (iii) a copy of the invoice, packing slip and
manifest with respect thereto, (e) the Inventory is either (i) subject to a negotiable bill of lading: (A) that is consigned to the Issuing Bank (unless and until such time as Agent shall require that the same be consigned to Agent,
then thereafter, that is consigned to Agent either directly or by means of endorsements), (B) that was issued by the carrier in respect of such Inventory and (C) is either in the possession of the customs broker, freight forwarder or other
third party handling the shipping and delivery of such Inventory acting on behalf of Agent or the subject of a telefacsimile or other electronic copy that Agent has received from the Issuing Bank with respect to the Letter of Credit and as to which
Agent has also received confirmation from such Issuing Bank that such document is in transit to Agent or the customs broker, freight forwarder or other third party handling the shipping and delivery of such Inventory acting on behalf of Agent or
(ii) subject to a negotiable cargo receipt and is not the subject of a bill of lading (other than a negotiable bill of lading consigned to, and in the possession of a consolidator or Agent, or their respective agents) and such negotiable cargo
receipt is (A) consigned to the Issuing Bank (unless and until such time as Agent shall require that the same be consigned to Agent, then thereafter, that is consigned to Agent either directly or by means of endorsements), (B) issued by a
consolidator in respect of such Inventory and (C) either in the possession of Agent or the customs broker, freight forwarder or other third party handling the shipping and delivery of such Inventory acting on behalf of Agent or the subject of a
telefacsimile or other electronic copy that Agent has received from the Issuing Bank with respect to the Letter of Credit and as to which Agent has also received a confirmation from such Issuing Bank that such document is in transit to Agent or the
customs broker, freight forwarder or other third party handling the shipping and delivery of such Inventory, (f) such Inventory is insured against types of loss, damage, hazards, and risks, and in amounts, reasonably satisfactory to Agent, and
(g) such Inventory shall not have been in transit for more than forty-five (45) days. 

  
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 “Eligible Pharmacy Receivables” means Pharmacy Receivables owed to any Borrower,
in each case which are and continue to be acceptable to Co-Collateral Agents in good faith based on the criteria set forth below. In general, Pharmacy Receivables shall be Eligible Pharmacy Receivables if 

(a) such Pharmacy Receivables arise from the actual and bona fide sale and delivery of prescription drugs by such Borrower
in the ordinary course of its business which transactions are completed in accordance with the terms and provisions contained in any documents related thereto; 
 (b) such Pharmacy Receivables are not unpaid more than thirty (30) days after the original invoice; 
 (c) such Pharmacy Receivables comply with the terms and conditions contained in Section 7.3.4 hereof; 
 (d) such Pharmacy Receivables do not arise from sales on consignment, guaranteed sale, sale and return, sale on approval, or other terms under which payment by the Account Debtor may be conditional or
contingent; 
 (e) the chief executive office of the Account Debtor with respect to such Pharmacy Receivables is
located in the United States of America or Canada (provided, that, at any time promptly upon Agent’s request, such Borrower shall execute and deliver, or cause to be executed and delivered, such other agreements, documents and
instruments as may be required by Agent to perfect the security interests of Agent in those Pharmacy Receivables of an Account Debtor with its chief executive office or principal place of business in Canada in accordance with the applicable laws of
the Province of Canada in which such chief executive office or principal place of business is located and take or cause to be taken such other and further actions as Agent may request to enable Agent as secured party with respect thereto to collect
such Pharmacy Receivables under the applicable Federal or Provincial laws of Canada); 
 (f) such Pharmacy
Receivables do not consist of progress billings (such that the obligation of the Account Debtors with respect to such Pharmacy Receivables is conditioned upon such Borrower’s satisfactory completion of any further performance under the
agreement giving rise thereto), bill and hold invoices or retainage invoices; 

  
 17 

 (g) the Account Debtor with respect to such Pharmacy Receivables has not
asserted a counterclaim, defense or dispute and is not owed any amounts that may give rise to any right of setoff or recoupment against such Pharmacy Receivables (but the portion of the Pharmacy Receivables of such Account Debtor in excess of the
amount at any time and from time to time owed by such Borrower to such Account Debtor or claimed owed by such Account Debtor may be deemed Eligible Pharmacy Receivables); 

(h) there are no facts, events or occurrences known to any Borrower or any Co-Collateral Agent which would impair the
validity, enforceability or collectability of such Pharmacy Receivables; 
 (i) such Pharmacy Receivables are
subject to the first priority, valid and perfected security interest of Agent and any goods giving rise thereto are not, and were not at the time of the sale thereof, subject to any liens except those in favor of Agent or otherwise permitted in this
Agreement that are subject to an intercreditor agreement in form and substance satisfactory to the Co-Collateral Agents in good faith between the holder of such security interest or lien and Agent; 

(j) neither the Account Debtor nor any officer or employee of the Account Debtor with respect to such Pharmacy Receivables
is an officer of any Borrower or Guarantor; 
 (k) except as to Medicare Pharmacy Receivables and Medicaid
Pharmacy Receivables, the Account Debtors with respect to such Pharmacy Receivables are not any foreign government, the United States of America, any State, political subdivision, department, agency or instrumentality thereof; 

(l) there are no proceedings or actions known to any Borrower or any Co-Collateral Agent which are threatened or pending
against the Account Debtors with respect to such Pharmacy Receivables which might result in any material adverse change in any such Account Debtor’s financial condition (including, without limitation, any bankruptcy, dissolution, liquidation,
reorganization or similar proceeding); 
 (m) the aggregate amount of such Pharmacy Receivables owing by a single
Account Debtor do not constitute more than twenty (20%) percent of the aggregate amount of all otherwise Eligible Pharmacy Receivables of Borrowers (but the portion of the Pharmacy Receivables not in excess of the applicable percentages may be
deemed Eligible Pharmacy Receivables); 
 (n) such Pharmacy Receivables are not owed by an Account Debtor who has
Pharmacy Receivables unpaid more than thirty (30) days after the original invoice which constitute more than fifty (50%) percent of the total Pharmacy Receivables of such Account Debtor; 

(o) the Account Debtor is not located in (i) New Jersey, Minnesota or West Virginia or (ii) in respect of any
Account Debtor that has defaulted on a Pharmacy Receivable or against which any Borrower otherwise has a claim, a state requiring the filing of a Notice of Business Activities Report or similar report in order to permit such Borrower to seek
judicial enforcement in such state of payment of such Pharmacy Receivables, in each case unless such Borrower has qualified to do business in such state or has filed a Notice of Business Activities Report or equivalent report for the then current
year or such failure to file and inability to seek judicial enforcement is capable of being remedied without any material delay or material cost; 

  
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 (p) as to Medicare Pharmacy Receivables and Medicaid Pharmacy Receivables,
(i) the claim for reimbursement related to such Pharmacy Receivables has been submitted to the appropriate Fiscal Intermediary or a third party administrator who is responsible for submitting the claim to the Fiscal Intermediary, in accordance
with the applicable regulations under Medicare or Medicaid, as applicable, within thirty (30) days from the date the related goods were sold or within thirty (30) days of receiving the provider identification number (so long as such
Borrower has delivered evidence, in form and substance satisfactory to Agent in good faith that it has received such identification number), (ii) the person to whom the goods were sold is an eligible Medicare beneficiary or Medicaid recipient,
as applicable, at the time such goods are sold and such eligibility has been verified by the Borrower making such sale or providing such service, (iii) such Pharmacy Receivables are owed to a Borrower who is not known to be under any
investigation under any Health Care Law (other than the periodic audits or reviews conducted by a Fiscal Intermediary in the ordinary course of business) or subject to any action or proceeding concerning the status of such Borrower as a Medicare
supplier or certified Medicaid provider, as applicable (other than routine surveys and site visits), and/or the payments under Medicare or Medicaid, as applicable, to such Borrower have not been contested, suspended, delayed, deferred or otherwise
postponed due to any investigation, action or proceeding by any Fiscal Intermediary, the U.S. Justice Department or any other Governmental Authority, (iv) the amount of such Pharmacy Receivables do not exceed the amounts to which the Borrower
making such sale or providing such service is entitled as reimbursement for such eligible Medicare beneficiary or Medicaid recipient, as applicable, under applicable Medicare or Medicaid regulations, as applicable, (v) all authorization and
billing procedures and documentation required in order for the Borrower making such sale or providing such service to be reimbursed and paid on such Pharmacy Receivables by the Fiscal Intermediary have been properly completed and satisfied to the
extent required in order for such Borrower to be so reimbursed and paid, and (vi) the terms of the sale or service giving rise to such Pharmacy Receivables and all practices of such Borrower with respect to such Pharmacy Receivables comply in
all material respects with applicable Federal, State, and local laws and regulations; 
 (q) as to Pharmacy
Receivables in which the Account Debtor is a Third Party Payor (other than for Medicare Pharmacy Receivables and Medicaid Pharmacy Receivables): (i) the Borrower making the sale giving rise to such Pharmacy Receivables has a valid and
enforceable agreement with the Third Party Payor providing for payment to such Borrower or such Borrower is otherwise entitled to payment under the terms of its arrangements with the insurance company that is the Third Party Payor, and such
agreement and arrangements are in full force and effect and there is no default thereunder that could be a basis for such Third Party Payor to cease or suspend any payments to such Borrower (including any deductions, setoffs or defenses),
(ii) the prescription drugs sold giving rise to such Pharmacy Receivables are of the type that are covered under the agreement or arrangements with the Third Party Payor and the party receiving such goods is entitled to coverage under such
agreement or arrangement, (iii) the Borrower making the sale giving rise to such Pharmacy Receivables has contacted the Third Party Payor or otherwise received confirmation from such Third Party Payor that the party receiving the prescription
drugs is entitled to coverage under the terms of the agreement with such Third Party Payor and such Borrower is entitled to reimbursement for such Pharmacy Receivables, (iv) the amount of such Pharmacy Receivables does not exceed the amounts to
which the Borrower making such sale is entitled to reimbursement for the prescription drugs sold under the terms of such agreements or arrangements, (v) there are no contractual or statutory limitations or restrictions on the rights of the
Borrower making such sale to assign its rights to payment arising as a result thereof or to grant any security interest therein, (vi) all authorization and billing procedures and documentation required in order for the Borrower making such sale
to be reimbursed and paid on such Pharmacy Receivables by the Third Party Payor have been properly completed and satisfied to the extent required for such Borrower to be so reimbursed and paid and (vii) the terms of the sale giving rise to such
Pharmacy Receivables and all practices of such Borrower and Guarantors with respect to such Pharmacy Receivables comply in all material respects with applicable federal, state, and local laws and regulations; 

  
 19 

 (r) Pharmacy Receivables with respect to which the Account Debtor is not a
Sanctioned Person or Sanctioned Entity; and 
 (s) such Pharmacy Receivables are owed by Account Debtors deemed
creditworthy at all times by the Co-Collateral Agents in good faith. 
 The criteria for Eligible Pharmacy Receivables set forth
above may only be changed and any new criteria for Eligible Pharmacy Receivables may only be established by Co-Collateral Agents in good faith based on either: (A) an event, condition or other circumstance arising after the date hereof, or
(B) an event, condition or other circumstance existing on the date hereof to the extent Co-Collateral Agents have no written notice thereof from a Borrower prior to the date hereof, in either case under clause (A) or (B) which
adversely affects or could reasonably be expected to adversely affect the Pharmacy Receivables in the good faith determination of the Co-Collateral Agents. Any Pharmacy Receivables that are not Eligible Pharmacy Receivables shall nevertheless be
part of the Collateral. 
 “Eligible Pharmacy Scripts” means Pharmacy Scripts owned by any Borrower, in each case
which are acceptable to Co-Collateral Agents in good faith based on the criteria set forth below. In general, Pharmacy Scripts shall be Eligible Pharmacy Scripts if arising and maintained in the ordinary course of the business of such Borrower and
included in an appraisal of Pharmacy Scripts received by Agent in accordance with the terms hereof, in each case which are acceptable to the Co-Collateral Agents in good faith based on the criteria set forth below. In general, Eligible Pharmacy
Scripts shall not include (a) Pharmacy Scripts for which Borrowers’ pharmacy store computer and phone systems, in the Co-Collateral Agents’ good faith determination, (i) are inadequate to facilitate the sale of prescriptions to a
potential purchaser and (ii) do not facilitate the transfer of pharmacy prescriptions files to a potential purchaser, (b) Pharmacy Scripts subject to a security interest or lien in favor of any Person other than Agent except those
permitted in this Agreement that are subject to an intercreditor agreement in form and substance satisfactory to the Co-Collateral Agents in good faith between the holder of such security interest or lien and Agent; and (c) Pharmacy Scripts
that are not in a form that may be sold or otherwise transferred or are subject to regulatory restrictions on the transfer thereof that are not acceptable to the Co-Collateral Agents in good faith. The criteria for Eligible Pharmacy Scripts set
forth above may only be changed and any new criteria for Eligible Pharmacy Scripts may only be established by Co-Collateral Agents in good faith based on either: (A) an event, condition or other circumstance arising after the date hereof, or
(B) an event, condition or other circumstance existing on the date hereof to the extent Co-Collateral Agents have no written notice thereof from a Borrower prior to the date hereof, in either case under clause (A) or (B) which
adversely affects or could reasonably be expected to adversely affect the value of the Pharmacy Scripts or ability of Agent to sell or otherwise dispose of them in the good faith determination of Co-Collateral Agents. Any Pharmacy Scripts that are
not Eligible Pharmacy Scripts shall nevertheless be part of the Collateral. 

  
 20 

 “Eligible Real Property” means the Real Property which is acceptable to
Co-Collateral Agents in good faith based on the criteria set forth below. In general, Eligible Real Property shall include (a) the Real Property that, immediately prior to the effectiveness of this Agreement, was included as “Eligible Real
Property” pursuant to the Existing Credit Agreement (but excluding any such Real Property that has ceased, or hereafter ceases, to comply with any of the criteria set forth below) and (b) Real Property: (i) that is owned in fee simple
by W-D Properties; (ii) that is not subject to a mortgage or other Lien in favor of any Person other than Agent except Permitted Liens and other Liens permitted in this Agreement that are subject to an intercreditor agreement in form and
substance satisfactory to the Co-Collateral Agents in good faith between the holder of such mortgage or other Lien and Agent; (iii) for which Agent shall have received the following items, each in form and substance satisfactory to the
Co-Collateral Agents in good faith: (A) a valid and perfected first priority Mortgage (subject to Permitted Liens) in favor of Agent upon such Real Property (whether pursuant to a modification agreement as to Real Property which is on the
Closing Date subject to a mortgage in favor of Agent in connection with the Existing Credit Agreement or a new Mortgage as to Real Property which is on the Closing Date not subject to a mortgage in favor of Agent in connection with the Existing
Credit Agreement) in a form suitable for recording or filing (if applicable in the jurisdiction in which the applicable Real Property is located), duly authorized, executed and delivered by W-D Properties; (B) if required in the jurisdiction in
which the Real Property is located, (1) an amendment to an existing fixture filing naming Agent, as secured party, and the applicable Borrower or Guarantor, as debtor, to reflect W-D Properties as the debtor, or (2) a fixture filing naming
Agent, as secured party, and W-D Properties, as debtor, have been filed with respect to such Real Property; (C) a written appraisal with respect to such Real Property, in form, scope and methodology acceptable to the Co-Collateral Agents and
performed by an appraiser acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent and Lenders are expressly permitted to rely; (D) a Phase I environmental audit of such Real Property conducted by an independent
environmental engineering firm acceptable to Agent, and in form, scope and methodology reasonably satisfactory to the Co-Collateral Agents in good faith, the results of which shall be reasonably satisfactory to the Co-Collateral Agents in good
faith, confirming that Borrowers and Guarantors are in compliance with all material applicable Environmental Laws in all material respects and there is no material potential or actual liability of Borrowers or Guarantors for any remedial action with
respect to any significant environmental condition at such Real Property; (E) either (1) mortgagee title insurance policies or (2) an endorsement to the existing mortgagee title insurance policies, in each case in favor of Agent in
amounts satisfactory to the Co-Collateral Agents and issued by insurers satisfactory to Agent, insuring that title to such Real Property is marketable and that the interests created by the applicable Mortgage constitute a valid first Lien (subject
to Permitted Liens) thereon free and clear of all material defects and encumbrances (other than Permitted Liens) other than as approved by Agent, and, if required by Agent and if available under then applicable state law, revolving credit
endorsement, comprehensive endorsement, variable rate endorsement, access and utilities endorsements, mechanic’s lien endorsement and such other endorsements as Agent shall reasonably request and accompanied by evidence of the payment in full
of all premiums thereon; (F) an American Land Title Association/American Congress on Surveying and Mapping form survey for which all necessary fees (where applicable) have been paid, certified to Agent and issuer of the mortgagees’ title
insurance policy in a manner satisfactory to the Co-Collateral Agents by a land surveyor duly registered and licensed in the states in which the Real Property described in such survey is located; (G) all consents, waivers, acknowledgments,
agreements and approvals from other third parties which Agent in good faith may deem necessary or desirable in order to permit, protect and perfect the Mortgage of Agent in any such Real Property and related assets subject to the Mortgage with
respect thereto; (H) with respect to Real Property (if any) located in a state that assesses a mortgage recordation tax or similar tax, a mortgage tax endorsement to the applicable mortgagee title insurance policy or an opinion of counsel or
local counsel with respect to the proper payment of any applicable mortgage recordation taxes; (I) opinions of local counsel to W-D Properties in the states in which such Real Property is located, (J) a “Life-of-Loan” Federal
Emergency Management Agency Standard Flood Hazard Determination with respect to any Collateral consisting of Real Property, and, in the event any such Collateral is located in an area identified by the Federal Emergency Management Agency (or any
successor agency) as a special flood hazard area, (x) a notice about special flood hazard area status and flood disaster assistance, duly executed by the applicable Borrower and (y) evidence of flood insurance with a financially sound and
reputable insurer, in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and the payment of premiums in respect thereof, and (K) such other consents,
approvals, opinions or documents as the Co-Collateral Agents may reasonably request in accordance with the policies and practices of such Co-Collateral Agent. The criteria for Eligible Real Property set forth above may only be changed and any new
criteria for Eligible Real Property may only be established by Co-Collateral Agents in good faith based on either: (1) an event, condition or other circumstance arising after the date hereof, or (2) an event, condition or other
circumstance existing on the date hereof to the extent Co-Collateral Agents have no written notice thereof from a Borrower prior to the date hereof, in either case under clause (1) or (2) which adversely affects, in any material respect,
or could reasonably be expected to adversely affect, in any material respect, the Real Property in the good faith determination of Co-Collateral Agents. Any Real Property which is not Eligible Real Property shall nevertheless be part of the
Collateral. 

  
 21 

 “Environmental Laws” means all applicable federal, state or local statutes, laws,
ordinances, codes, rules, regulations and guidelines (including consent decrees and administrative orders) relating to public health and safety and protection of the environment. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute thereto of similar
import, together with the regulations thereunder, in each case as in effect from time to time. References to Sections of ERISA also refer to any successor Sections thereto. 
 “Event of Default” is defined in Section 8.1 hereof. 

  
 22 

 “Excess Availability” means, at any time, for all Borrowers collectively, the
amount, as determined by Co-Collateral Agents, equal to: (a) the Borrowing Base (which shall be based on the Borrowing Base Certificate most recently provided by Borrowers pursuant to Section 7.3.1(a)(iv) hereof and acceptable to the
Co-Collateral Agents) after giving effect to any Reserves, plus (b) Qualified Cash in an amount not to exceed $75,000,000, minus (c) the amount of all then outstanding and unpaid Obligations (but not including for this purpose Obligations
of any Borrower arising pursuant to any guarantees in favor of Agent and Lenders of the Obligations of the other Borrowers). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exemption Certificate” is defined in Section 4.6(e) hereof. 

“Existing Borrowers” means, collectively, Winn-Dixie, W-D Montgomery, W-D Procurement, W-D Raleigh, W-D Supermarkets, W-D
Properties, Stores Leasing, Raleigh Leasing, Montgomery Leasing and Warehouse Leasing, as Borrowers under the Existing Credit Agreement; each sometimes referred to individually as an “Existing Borrower”. 

“Existing Credit Agreement” means the Amended and Restated Credit Agreement, dated as of November 21, 2006, by and among
Existing Borrowers, Agent, Existing Lenders, certain other agents and arrangers and WCM as sole lead arranger and sole bookrunner (as heretofore amended or otherwise modified). 

“Existing Lenders” means the various financial institutions and other Persons from time to time party to the Existing Credit
Agreement as “Lenders” thereunder. 
 “Existing Letters of Credit” means the letters of credit issued by
Wells Fargo Bank, successor by merger to Wachovia Bank, National Association, to or for the account of Borrowers pursuant to the Existing Credit Agreement. 
 “Existing Loan Documents” means, collectively, the Existing Credit Agreement together with all documents, certificates, instruments, notes, guarantees, mortgages and agreements executed and
delivered by Borrowers and Guarantors in connection therewith, whether or not specifically mentioned herein or therein, in each case as amended, supplemented, amended and restated or otherwise modified from time to time. 

“Farm Products” has the meaning defined in the Food Security Act and the UCC. 

“Farm Products Sellers” means, collectively, sellers or suppliers to any Borrower or Guarantor of any Farm Products and
including any milk or dairy products, perishable agricultural commodity (as defined in PACA) or livestock (as defined in the PSA), meat, meat food products or livestock products derived therefrom or any poultry or poultry products derived therefrom;
sometimes referred to herein individually as a “Farm Products Seller”. 

  
 23 

 “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum
equal for each day during such period to (a) the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is
not a Business Day, for the next succeeding Business Day) by the Federal Reserve Bank of New York; or (b) if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions
received by Wells Fargo Bank from three federal funds brokers in the national federal funds market of recognized standing selected by it. 
 “Fee Letter” means the confidential letter, dated as of December 3, 2010, by and among Wells Fargo Bank, Wells Fargo Capital and Winn-Dixie. 

“Filing Statements” is defined in Section 5.1.16 hereof. 

“Fiscal Intermediary” means any qualified insurance company or other financial institution that has entered into an ongoing
relationship with any Governmental Authority to make payments to payees under Medicare, Medicaid or any other Federal, state or local public health care or medical assistance program pursuant to any of the Health Care Laws. 

“Fiscal Month” means each four (4) week fiscal period of Winn-Dixie and its Subsidiaries, beginning with the first four
(4) weeks of each Fiscal Year. 
 “Fiscal Quarter” means each fiscal quarter of Winn-Dixie and its Subsidiaries
as set forth on Schedule IV hereto. 
 “Fiscal Year” means each fiscal year of Winn-Dixie and its Subsidiaries as set
forth on Schedule IV hereto; reference to a Fiscal Year with a number corresponding to any calendar year (e.g., the “2010 Fiscal Year”) refers to the Fiscal Year ending in June of such calendar year. 

“Flood Insurance Laws” means, collectively, the following (in each case as now or hereafter in effect or any successor statute
thereto): (i) the National Flood Insurance Act of 1968, (ii) the Flood Disaster Protection Act of 1973, (iii) the National Flood Insurance Reform Act of 1994 and (iv) the Flood Insurance Reform Act of 2004. 

“Food Security Act” means the Food Security Act of 1984, 7 U.S.C. Section 1631 et. seq., as the same now exists or may
hereafter from time to time be amended, modified, recodified or supplemented, together with all rules and regulations thereunder. 
 “Food Security Act Notices” is defined in Section 6.34 hereof. 

“Foreign Pledge Agreement” means any Pledge Agreement governed by the laws of a jurisdiction other than the United States or a
state (or the District of Columbia) thereof executed and delivered by Winn-Dixie or any of its Material Subsidiaries pursuant to the terms of this Agreement, in form and substance satisfactory to the Co-Collateral Agents in good faith, as the
Co-Collateral Agents in good faith may deem necessary or desirable under the laws of organization or incorporation of a Material Subsidiary to further protect or perfect the Lien on and security interest in any Pledged Collateral (as defined in a
Pledge Agreement). 
 “Foreign Subsidiary” means any Subsidiary that is not a U.S. Subsidiary. 

  
 24 

 “Freight Forwarder Agreement” means an agreement in writing, in form and substance
satisfactory to Agent, from any person to whom any Collateral is consigned or who has custody, control or possession of any such Collateral or is otherwise the owner or operator of any premises on which any of such Collateral is located, in favor of
Agent with respect to the Collateral at such premises or otherwise in the custody, control or possession of such consignee or other person. 
 “Fronting Fee” means, with respect to any Letter of Credit, a fronting fee in an amount equal to one quarter of one (0.25%) percent per annum multiplied by the Average Stated Amount of such
Letter of Credit. 
 “F.R.S. Board” means the Board of Governors of the Federal Reserve System or any successor
thereto. 
 “GAAP” is defined in Section 1.4 hereof. 

“GECC” is defined in the preamble of this Agreement. 
 “good faith” means, when applicable to Agent or Co-Collateral Agents, as applicable, notwithstanding anything to the contrary contained herein, honesty-in-fact in the conduct or transaction
concerned and observance of reasonable commercial standards of fair dealing based on how an asset-based lender with similar rights providing a credit facility of the type set forth herein would act in similar circumstances at the time with the
information then available to it. 
 “Governmental Authority” means the government of the United States, any other
nation or any political subdivision of any thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other Person exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government. 
 “Guarantee Agreement” means the Second Amended
and Restated Guarantee Agreement executed and delivered by an Authorized Officer of each Borrower and Guarantor, as amended, supplemented, amended and restated or otherwise modified from time to time. 

“Guarantors” means, collectively, Deep South Products, Inc., a Florida corporation, Dixie Spirits, Inc., a Mississippi
corporation, Winn-Dixie Logistics, Inc., a Florida corporation, Dixie Spirits Florida, LLC, a Florida limited liability company, Stores Leasing, Raleigh Leasing, Montgomery Leasing, Warehouse Leasing, each other domestic subsidiary formed or
acquired after the date hereof that is wholly-owned by Winn-Dixie and owns assets having a value of not less than $1,000,000, and any other Person that now or hereafter executes and delivers to Agent the Guarantee Agreement or a supplement thereto
and each other Obligor that has executed and delivered a guarantee to Agent with respect to the Obligations, which shall in any event include all Material Subsidiaries, together with their respective successors and assigns, including any trustee or
other fiduciary hereafter appointed as legal representative on behalf of such person or on behalf of any such successor or assign; each sometimes referred to individually as a “Guarantor”. 

  
 25 

 “Hazardous Material” means (a) any “hazardous substance”, as
defined by CERCLA; (b) any “hazardous waste”, as defined by the Resource Conservation and Recovery Act; or (c) any pollutant or contaminant or hazardous, dangerous or toxic chemical, material or substance (including any petroleum
product) within the meaning of any other applicable federal, state or local law, regulation, ordinance or requirement (including consent decrees and administrative orders) relating to or imposing liability or standards of conduct concerning any
hazardous, toxic or dangerous waste, substance or material, all as amended. 
 “Health Care Laws” means all Federal,
state and local laws, rules, regulations, interpretations, guidelines, ordinances and decrees primarily relating to patient healthcare, any health care provider, medical assistance and cost reimbursement program, as now or at any time hereafter in
effect, applicable any Borrower or Guarantor, including, but not limited to, the Social Security Act, the Social Security Amendments of 1972, the Medicare-Medicaid Anti-Fraud and Abuse Amendments of 1977, the Medicare and Medicaid Patient and
Program Protection Act of 1987, HIPAA and the Patient Protection and Affordable Care Act of 2010. 
 “Hedging
Obligations” means, with respect to any Person, all liabilities of such Person under Rate Protection Agreements. 

“herein”, “hereof”, “hereto”, “hereunder” and similar terms contained in any Loan Document refer
to such Loan Document as a whole and not to any particular Section, paragraph or provision of such Loan Document. 

“HIPAA” means the Health Insurance Portability and Accountability Act of 1996, as the same now exists or may hereafter from
time to time be amended, modified, recodified or supplemented, together with all rules and regulations thereunder. 

“Impermissible Qualification” means any qualification or exception to the opinion or certification of any independent public
accountant as to any financial statement of Borrowers: (a) which relates to the limited scope of examination of matters relevant to such financial statement; (b) which relates to the treatment or classification of any item in such
financial statement and which, as a condition to its removal, would require an adjustment to such item the effect of which would be to cause Borrowers to be in Default; or (c) which includes any explanation, supplemental comment or other
comment concerning the ability of the applicable person to continue as a going concern (but excluding any such explanation or comment included solely as a result of the scheduled maturity of this Agreement being due to occur in the succeeding twelve
(12) month period). 
 “including” and “include” means including without limiting the generality of any
description preceding such term, and, for purposes of each Loan Document, the parties hereto agree that the rule of ejusdem generis shall not be applicable to limit a general statement, which is followed by or referable to an enumeration of specific
matters, to matters similar to the matters specifically mentioned. 
 “Indebtedness” of any Person means: 

  
 26 

 (a) all obligations of such Person for borrowed money or advances and all
obligations of such Person evidenced by bonds, debentures, notes or similar instruments; 
 (b) all obligations,
contingent or otherwise, relative to the face amount of all letters of credit, whether or not drawn, and banker’s acceptances issued for the account of such Person; 

(c) all Capitalized Lease Liabilities of such Person; 

(d) for purposes of Section 8.1.5 hereof only, all other items which, in accordance with GAAP, would be included as
liabilities on the balance sheet of such Person as of the date at which Indebtedness is to be determined; 
 (e)
net Hedging Obligations of such Person; 
 (f) whether or not so included as liabilities in accordance with GAAP,
all obligations of such Person to pay the deferred purchase price of property or services (excluding trade accounts payable in the ordinary course of business which are not overdue for a period of more than sixty (60) days or, if overdue for
more than sixty (60) days, as to which a dispute exists and appropriate reserves in conformity with GAAP have been established on the books of such Person), and indebtedness secured by (or for which the holder of such indebtedness has an
existing right, contingent or otherwise, to be secured by) a Lien on property owned or being acquired by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall
have been assumed by such Person or is limited in recourse; 
 (g) obligations arising under Synthetic Leases;

 (h) all obligations evidenced by preferred stock (or other Capital Securities convertible into such preferred
stock) which pursuant to its terms could (at the request of the holders thereof or otherwise) be subject to mandatory sinking fund payments, redemption or other acceleration rights; and 

(i) all Contingent Liabilities of such Person in respect of any of the foregoing. 

The Indebtedness of any Person shall include the Indebtedness of any other Person (including any partnership in which such Person is a
general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such Person, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor. 
 “Indemnified Liabilities” is defined in Section 10.4 hereof. 

“Indemnified Parties” is defined in Section 10.4 hereof. 

“In Store Cash” means cash on hand held in retail stores, including, without limitation, in registers, vaults and automatic
teller machines. 

  
 27 

 “Insurance Captive” means WIN General Insurance Company, a South Carolina
insurance captive. 
 “Insurance Premium Collateral” means, collectively, (a) any unearned insurance premiums
paid on behalf of a Borrower by an Insurance Premium Lender for property or casualty insurance policies with respect to a Borrower, (b) any return of any insurance premium in accordance with the terms of such insurance policies paid on behalf
of a Borrower by an Insurance Premium Lender, and (c) any property and casualty insurance policies for which an Insurance Premium Lender paid the insurance premium in full on behalf of a Borrower. 

“Insurance Premium Lender” means a financial institution acceptable to Agent that makes loans to a Borrower, the proceeds of
which are used exclusively to pay insurance premiums required in respect of property insurance policies, casualty insurance policies and/or specialty insurance policies (including directors and officers insurance) maintained by such Borrower; such
institutions sometimes referred to herein collectively as “Insurance Premium Lenders”. 
 “Interco Subordination
Agreement” means the Second Amended and Restated Subordination Agreement, dated of even date herewith, by and among Agent and various Obligors, as amended, supplemented, amended and restated or otherwise modified from time to time. 

“Interest Expense” means, for any applicable period, without duplication, the aggregate interest expense accrued or paid
(without prior accrual), net of interest income received, during such period by Borrowers and their Subsidiaries for such applicable period, including the portion of any payments made in respect of Capitalized Lease Liabilities allocable to interest
expense. 
 “Interest Period” means, relative to any LIBO Rate Loan, the period beginning on (and including) the date
on which such LIBO Rate Loan is made or continued as, or converted into, a LIBO Rate Loan pursuant to Section 2.3 or 2.4 hereof and ending on (but excluding) the day which numerically corresponds to such date one, two, three or six months
thereafter (or, if such month has no numerically corresponding day, on the last Business Day of such month), as Borrowers may select in their relevant notices pursuant to Section 2.3 or 2.4 hereof; provided, however, that 

(a) no more than six (6) Interest Periods may be in effect at any time; 

(b) no more than two (2) Interest Periods of six months may be in effect at any time; 

(c) in no event will the aggregate amount of LIBO Rate Loans with an interest period of six months exceed fifty
(50%) percent of the total amount of LIBO Rate Loans; 
 (d) if such Interest Period would otherwise end on
a day which is not a Business Day, such Interest Period shall end on the next following Business Day (unless such next following Business Day is the first Business Day of a calendar month, in which case such Interest Period shall end on the Business
Day next preceding such numerically corresponding day); and 
 (e) no Interest Period for any Loan may end later
than the Stated Maturity Date for such Loan. 

  
 28 

 “Inventory” means, as to each Borrower and Guarantor, all of such Borrower’s
and Guarantor’s now owned and hereafter existing or acquired goods, wherever located, which (a) are leased by such Borrower or Guarantor as lessor; (b) are held by such Borrower for sale or lease or to be furnished under a contract of
service; (c) are furnished by such Borrower or Guarantor under a contract of service; or (d) consist of raw materials, work in process, finished goods or materials used or consumed in its business. 

“Investment” means, relative to any Person, 

(a) any loan, advance or extension of credit made by, or payment under any Contingent Liability entered into by, such
Person to or for the benefit of any other Person, including the purchase by such Person of any bonds, notes, debentures or other debt securities of any other Person; and 

(b) any Capital Securities held by such Person in any other Person. 

The amount of any Investment shall be the original principal or capital amount thereof less all returns of principal or equity thereon
and shall, if made by the transfer or exchange of property other than cash, be deemed to have been made in an original principal or capital amount equal to the fair market value of such property at the time of such Investment. 

“investment property” has the meaning defined in the UCC. 

“ISP Rules” is defined in Section 10.9 hereof. 
 “Issuance Request” means, in the case of Subfacility Letters of Credit, a Subfacility Letter of Credit Issuance Request and, in the case of Standby Letters of Credit, a Standby Letter of Credit
Issuance Request. 
 “Issuer” means Wells Fargo Bank in its capacity as Issuer of the Subfacility Letters of Credit
and the Standby Letters of Credit. At the request of Wells Fargo Bank and with the consent of Administrative Borrower (not to be unreasonably withheld), another Lender (at the request of such Lender) or an Affiliate of Wells Fargo Bank may issue one
or more Subfacility Letters of Credit or Standby Letters of Credit hereunder and thereby also become an “Issuer” hereunder. 
 “Leasehold Mortgages” means each leasehold mortgage, leasehold deed of trust or other agreement for each Leasehold Property executed and delivered by Stores Leasing, Raleigh Leasing, Montgomery
Leasing, Warehouse Leasing or any other Borrower, as applicable, in favor of Agent, for the benefit of the Secured Parties, pursuant to the requirements of this Agreement or the Existing Credit Agreement, under which a Lien is granted on the
Leasehold Property and fixtures described therein, in each case as amended, supplemented, amended and restated or otherwise modified from time to time. 
 “Leasehold Property” means, with respect to any Person, such Person’s present and future leasehold estate in: (a) any plots, pieces or parcels of land; (b) any improvements,
buildings, structures and fixtures now or hereafter located or erected thereon or attached thereto of every nature whatsoever; (c) any other interests in property constituting appurtenances to the rights and interest described in clauses
(a) and (b) of this definition, or which hereafter shall in any way belong, relate or be appurtenant thereto; and (d) all other rights and privileges thereunto belonging or appertaining and all extensions, additions, improvements,
betterments, renewals, substitutions and replacements to or of any of the rights and interests described in clause (c) of this definition. 

  
 29 

 “Lender Assignment Agreement” means an assignment agreement substantially in the
form of Exhibit E hereto. 
 “Lenders” is defined in the preamble, and includes Revolving Loan Lenders and any Person
that becomes a Lender pursuant to Section 10.11.1 hereof; each sometimes referred to individually as a “Lender”. 

“Lender’s Environmental Liability” means any and all losses, liabilities, obligations, penalties, claims, litigation,
demands, defenses, costs, judgments, suits, proceedings, damages (including consequential damages), disbursements or expenses of any kind or nature whatsoever (including reasonable attorneys’ fees at trial and appellate levels and experts’
fees and disbursements and expenses incurred in investigating, defending against or prosecuting any litigation, claim or proceeding) which may at any time be imposed upon, incurred by or asserted or awarded against Agent, any Lender or the Issuer or
any of such Person’s Affiliates, shareholders, directors, officers, employees, and agents in connection with or arising from: (a) any Hazardous Material on, in, under or affecting all or any portion of any property of Borrowers or any of
their Subsidiaries, the groundwater thereunder, or any surrounding areas thereof to the extent caused by Releases from Borrowers’ or any of their Subsidiaries’ or any of their respective predecessors’ properties; (b) any
misrepresentation, inaccuracy or breach of any warranty, contained or referred to in Section 6.12 hereof; (c) any violation or claim of violation by Borrowers or any of their Subsidiaries of any Environmental Laws; or (d) the
imposition of any lien for damages caused by or the recovery of any costs for the cleanup, release or threatened release of Hazardous Material by Borrowers or any of their Subsidiaries, or in connection with any property owned or formerly owned or
leased or operated by Winn-Dixie or any of its Subsidiaries. 
 “Letter of Credit” means a Standby Letter of Credit or
a Subfacility Letter of Credit, as the case may be. 
 “Letter of Credit Limit” means, on any date, a maximum amount
of $300,000,000, as such amount may be permanently reduced from time to time pursuant to Section 2.2 hereof. 

“Letter of Credit Outstandings” means Standby Letter of Credit Outstandings and/or Subfacility Letter of Credit Outstandings,
as the case may be. 
 “letter-of-credit rights” has the meaning defined in the UCC. 

  
 30 

 “LIBO Rate” means, with respect to each day during each Interest Period pertaining
to a LIBO Rate Loan, the rate per annum determined by Agent (rounded upward to the nearest 1/100th of 1%) of the offered rates for deposits in Dollars with a term comparable to such Interest Period that appears on the Telerate British Bankers Assoc.
Interest Settlement Rates Page at approximately 11:00 a.m., London time, on the second full Business Day preceding the first day of such Interest Period; provided, however, that if there shall at any time no longer exist a Telerate British Bankers
Assoc. Interest Settlement Rates Page or such rate is for any reason not available thereon, “LIBO Rate” shall mean, with respect to each day during each Interest Period pertaining to a LIBO Rate Loan, either (a) the rate per annum
determined by Agent (rounded upward to the nearest 1/100th of 1%) appearing on Reuters Screen LIBO Page (or, if more than one rate appears on such screen, the arithmetic mean for all such rates rounded upward to the nearest 1/100th of 1%) as the
London interbank offered rate for deposits in Dollars at approximately 11:00 a.m., London time, on the second full Business Day preceding the first day of such Interest Period or (b) if such rate is for any reason not available, the rate per
annum equal to the rate at which Agent or its designee is offered Dollar deposits at or about 11:00 a.m., London time, two (2) Business Days prior to the beginning of such Interest Period in the interbank eurodollar market where the eurodollar
and foreign currency and exchange operations in respect of its LIBO Rate Loans are then being conducted for settlement in immediately available funds, for delivery on the first day of such Interest Period for the number of days comprised therein and
in an amount comparable to the amount of its LIBO Rate Loan to be outstanding during such Interest Period. 
 “LIBO Rate
Loan” means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a rate of interest determined by reference to the LIBO Rate (Reserve Adjusted). 

“LIBO Rate (Reserve Adjusted)” means, relative to any Loan to be made, continued or maintained as, or converted into, a LIBO
Rate Loan for any Interest Period, a rate per annum (rounded upwards, if necessary, to the nearest 1/100th of 1%) determined pursuant to the following formula: 
  

							
	 LIBO Rate
	  	 	=	  	  	            LIBO
Rate                        
	 (Reserve Adjusted)
	  				  	 1.00 - Reserve Percentage

 The LIBO Rate (Reserve Adjusted) for any Interest Period for LIBO Rate Loans will be determined by Agent on the basis of the LIBOR Reserve Percentage in effect two (2) Business Days before the first
day of such Interest Period. 
 “LIBOR Office” means the office of a Lender designated as its “LIBOR Office”
in a Lender Assignment Agreement or such office as may be designated from time to time by notice from such Lender to Borrowers and Agent, whether or not outside the United States, which shall be making or maintaining the LIBO Rate Loans of such
Lender. 
 “LIBOR Reserve Percentage” means, relative to any Interest Period for LIBO Rate Loans, the reserve
percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, emergency, supplemental, marginal and other reserves and taking into account any transitional adjustments or other scheduled changes in
reserve requirements) specified under regulations issued from time to time by the F.R.S. Board and then applicable to assets or liabilities consisting of or including “Eurocurrency Liabilities”, as currently defined in Regulation D of the
F.R.S. Board, having a term approximately equal or comparable to such Interest Period. 

  
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 “Lien” means any security interest, mortgage, pledge, hypothecation, assignment,
deposit arrangement, encumbrance, lien (statutory or otherwise), charge against or interest in property, or other priority or preferential arrangement of any kind or nature whatsoever, to secure payment of a debt or performance of an obligation.

 “Loan Documents” means, collectively, this Agreement, the Standby Letters of Credit, the Subfacility Letters of
Credit, the Fee Letter, the Guarantee Agreement, the Qualified Debt Intercreditor Agreement (if applicable), each Collateral Access Agreement, each Blocked Account Agreement, each Securities Control Agreement, each Processor Letter, each agreement
pursuant to which Agent is granted a Lien to secure the Obligations (including the Security Agreement, each Pledge Agreement, each Mortgage and each Leasehold Mortgage), each ACH Agreement, and each other agreement, intercreditor agreement,
certificate, document or instrument delivered in connection with any Loan Document, whether or not specifically mentioned herein or therein, in each case as amended, supplemented, amended and restated or otherwise modified from time to time;
provided, that, in no event shall the term Loan Documents be deemed to include any Rate Protection Agreement or any other agreements related to Bank Products. 
 “Loans” means, as the context may require, a Revolving Loan and/or a Swing Line Loan of any type. 
 “Majority Accounts” means those Bank Accounts held by Majority Account Banks. 
 “Majority Account Banks” means each bank or financial institution listed in Item 6.24(b) of the Disclosure Schedule. 

“Material Adverse Change” means a material adverse change in the business, operations, assets or financial condition of
Winn-Dixie and its Subsidiaries (taken as a whole) from June 30, 2010, as supplemented by the description thereof in Note 18 to Winn-Dixie’s Consolidated Financial Statements included in Winn-Dixie’s 2010 10-K, other than any material
adverse change relating to or resulting from any of the following, so long as such change does not have a material adverse affect on the ability of any Borrower or Guarantor to perform its Obligations under any Loan Document or the ability of Agent
and Lenders to enforce the Obligations or the ability of any Secured Party to enforce its rights and remedies under this Agreement, any Security Document or any other Loan Document: (a) changes in general economic conditions or securities
markets in general, (b) events, circumstances, changes or effects that affect the retail food industry (except if Administrative Borrower and its Subsidiaries (taken as a whole) are disproportionately affected thereby), (c) catastrophes,
including hurricanes, earthquakes, hailstorms, severe winter weather, floods, fires, tornadoes and other natural or man-made disasters, (d) any changes after the date hereof in any and all domestic (federal, state or local) or foreign laws,
rules, regulations, orders, judgments or decrees promulgated by any Governmental Authority, including those relating to the protection of the environment, natural resources, and human health and safety applicable to Administrative Borrower and its
Subsidiaries (taken as a whole) or any of their respective properties or assets (except if Administrative Borrower and its Subsidiaries (taken as a whole) are disproportionately affected thereby), or (e) any outbreak or escalation of
hostilities or war or any act of terrorism. 

  
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 “Material Contracts” means all contracts to which Winn-Dixie or any of its
Subsidiaries is a party and which have been disclosed in Winn-Dixie’s public filings as material contracts. 

“Material Subsidiary” means each U.S. Subsidiary (other than the Insurance Captive) now existing or hereafter acquired or
formed, and each successor thereto, which (a) accounts for more than five (5%) percent of (i) the consolidated gross revenues of Winn-Dixie and its Subsidiaries, or (ii) the consolidated assets of Winn-Dixie and its Subsidiaries,
or (b) together with all other U.S. Subsidiaries not otherwise deemed a “Material Subsidiary” hereunder, accounts for more than ten (10%) percent of such consolidated gross revenues, or consolidated assets described in clause
(a) of this definition, in each case, as of the last day of the most recently completed Fiscal Quarter with respect to which, pursuant to Section 7.1.1(a) or (b) hereof, financial statements have been, or are required to have been,
delivered by Winn-Dixie, and in any event includes all of the Subsidiaries listed in Item 6.8(b) of the Disclosure Schedule. 
 “Maximum Credit” means the amount of $600,000,000, as such amount may be increased or reduced from time to time pursuant to Section 2.2 hereof. 

“Medicaid” means the health care financial assistance program jointly financed and administered by the Federal and state
governments under Title XIX of the Social Security Act. 
 “Medicaid Pharmacy Receivables” means Pharmacy Receivables
of Borrowers arising pursuant to goods sold by Borrowers to eligible Medicaid beneficiaries to be paid by a Fiscal Intermediary or by the United States of America acting under the Medicaid program, any state or the District of Columbia acting
pursuant to a health plan adopted pursuant to Title XIX of the Social Security Act or any other Governmental Authority under Medicaid. 
 “Medicare” means the health care financial assistance program under Title XVIII of the Social Security Act. 
 “Medicare Pharmacy Receivables” means Pharmacy Receivables of Borrowers arising pursuant to goods sold by Borrowers to eligible Medicare beneficiaries to be paid by a Fiscal Intermediary or by
the United States of America acting under the Medicare program or any other Governmental Authority under Medicare. 

“Montgomery Leasing” Winn-Dixie Montgomery Leasing, LLC, a Florida limited liability company, and its successors and assigns.

 “Moody’s” means Moody’s Investors Service, Inc. 

“Mortgage” means each mortgage, deed of trust or other agreement for each Real Property executed and delivered by W-D
Properties or any other Borrower, as applicable, in favor of Agent, for the benefit of the Secured Parties, pursuant to the requirements of this Agreement or the Existing Credit Agreement, under which a Lien is granted on the Real Property and
fixtures described therein, in each case as amended, supplemented, amended and restated or otherwise modified from time to time. 

  
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 “MSP Pension Plan” means the management security plan or the senior corporate
officer’s management security plan offered by certain Borrowers and Guarantors to provide retirement benefits to certain participating employees of certain Borrowers and Guarantors, including any related individual agreements. 

“Net Amount of Eligible Credit Card Receivables” means, as to any Borrower, the gross amount of the Eligible Credit Card
Receivables of such Borrower, less returns, discounts, claims, credits, allowances, accrued rebates, offsets, deductions, counter claims, disputes and other defenses of any name at any time issued, owing, granted, outstanding, available or claimed
and less any other fees or charges. 
 “Net Amount of Eligible Pharmacy Receivables” means, as to any Borrower, the
gross amount of the Eligible Pharmacy Receivables of such Borrower, less sales, excise or similar taxes, and less returns, discounts, claims, credits, allowances, accrued rebates, offsets, deductions, counter claims, disputes and other defenses of
any name at any time issued, owing, granted, outstanding, available or claimed and less any other fees or charges. 
 “Net
Disposition Proceeds” means, with respect to a Permitted Disposition (other than a Permitted Disposition under Section 7.2.11(c) hereof or Section 7.2.11(d) hereof (to the extent related to a Permitted Lien under Section 7.2.3(c)
hereof)) of the assets of any Borrower or any of their U.S. Subsidiaries (other than the Insurance Captive), the excess of 
 (a) the gross cash proceeds received by any Borrower or any of their Subsidiaries from any Permitted Disposition, less 

(b) the sum of 
 (i) all reasonable and customary underwriting commissions and legal, investment banking, brokerage and accounting and other professional fees, sales commissions, payments required to be made in connection
with such Permitted Disposition under any lease or other contractual obligation permitted under this Agreement and other out-of-pocket expenses and disbursements (including but not limited to closing costs) actually incurred in connection with such
Permitted Disposition which have not been paid to Affiliates or Subsidiaries of Borrowers; and 
 (ii) all Taxes
actually paid, assessed or estimated by Borrowers (in good faith) to be payable in connection with such Permitted Disposition; 
 provided,
however, that if, after the payment of all Taxes with respect to such Permitted Disposition, the amount of estimated or assessed Taxes, if any, pursuant to clause (b)(ii) of this definition exceeded the Taxes actually paid in cash in respect of such
Permitted Disposition, the aggregate amount of such excess shall be immediately payable, pursuant to Section 3.1.1(c) hereof, as Net Disposition Proceeds. 
 “Net Orderly Liquidation Value” means, in respect of Pharmacy Scripts, at any time, the amount equal to the amount of the recovery in respect of the Eligible Pharmacy Scripts of Borrowers at
such time on a “net orderly liquidation value” basis as set forth in the most recent acceptable appraisal of Pharmacy Scripts received by Agent prior to the Closing Date and thereafter in accordance with Section 7.3.3 hereof, net of
operating expenses, liquidation expenses and commissions. 

  
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 “Net Recovery Percentage” means in respect of Inventory, at any time, the
fraction, expressed as a percentage, (a) the numerator of which is the amount equal to the amount of the recovery in respect of the Inventory of Borrowers at such time on a “going out of business sale” basis as set forth in the most
recent acceptable appraisal of Inventory received by Agent prior to the Closing Date and thereafter in accordance with Section 7.3.2 hereof, net of operating expenses, liquidation expenses and commissions, and (b) the denominator of which
is the applicable original cost of the aggregate amount of the Eligible Inventory subject to such appraisal. 
 “Net Sale
and Leaseback Proceeds” means, with respect to any Permitted Sale and Leaseback Transaction, the excess of 

(a) the gross cash proceeds received by Winn-Dixie or any of its Subsidiaries from such Permitted Sale and Leaseback
Transaction, less 
 (b) the sum of 

(i) all reasonable and customary underwriting commissions and legal, investment banking, brokerage and accounting and
other professional fees, sales commissions and other out-of-pocket expenses and disbursements actually incurred in connection with such Permitted Sale and Leaseback Transaction which have not been paid to Winn-Dixie or any of its Subsidiaries; and

 (ii) all Taxes actually paid, assessed or estimated by Winn-Dixie or any of its Subsidiaries (in good faith)
to be payable in connection with such Permitted Sale and Leaseback Transaction; 
 provided, however, that if, after the payment of all Taxes
with respect to such Permitted Sale and Leaseback Transaction, the amount of estimated or assessed Taxes, if any, pursuant to clause (b)(ii) of this definition exceeded the Taxes actually paid in cash in respect of such Permitted Sale and Leaseback
Transaction, the aggregate amount of such excess shall be immediately payable, pursuant to Section 3.1.1(c) hereof, as Net Sale and Leaseback Proceeds. 
 “Non-Consenting Lender” is defined in Section 10.1(c) hereof. 

“Non-Excluded Taxes” means any Taxes in respect of any Loan Document or the accrual or payment of any amounts or income
thereunder, or any Secured Party’s execution, delivery or performance of its obligations thereunder, other than net income and franchise Taxes, imposed with respect to any Secured Party (a) under the laws under which such Secured Party is
organized or in which it maintains its applicable lending office or (b) as a result of a connection between such Secured Party and the relevant taxing jurisdiction other than solely by reason of such Lender’s having executed, delivered or
performed its obligations, or having earned or received interest, any other payment or any income, under any Loans or any of the Loan Documents. 

  
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 “Non-U.S. Lender” means any Lender that is not a “United States person”,
as defined under Section 7701(a)(30) of the Code. 
 “Obligations” means (a) any and all Loans, Letter of
Credit Outstandings, Reimbursement Obligations and all other obligations, liabilities and indebtedness of every kind, nature and description owing by each Borrower and each other Obligor to Agent, any Co-Collateral Agent or any Lender and/or any of
their Affiliates, including principal, interest, charges, fees, costs and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, in each case arising under this Agreement or any of the other Loan Documents,
whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of this Agreement or after the commencement of any case with respect to Borrower or any other Obligor under the Bankruptcy Code or any
similar statute (and including any principal, interest, fees, costs, expenses and other amounts owed to Agent, any Co-Collateral Agent or any Lender by Borrowers or any other Obligor which would accrue and become due but for the commencement of such
a case, whether or not such amounts are allowed or allowable in whole or in part in such a case), whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or
unsecured, and however acquired by Agent, any Co-Collateral Agent or any Lender, and (b) for purposes only of Section 2.1 of the Security Agreement and subject to the priority in right of payment set forth in Section 4.13.1 or 8.4
hereof, all obligations, liabilities and indebtedness of every kind, nature and description owing by any or all of Borrowers or other Obligors to Agent or any Bank Product Provider arising under or pursuant to any Bank Products, whether now existing
or hereafter arising, provided, that, (i) as to any such obligations, liabilities and indebtedness arising under or pursuant to a Rate Protection Agreement, the same shall only be included within the Obligations if upon
Agent’s request, Agent shall have entered into an agreement, in form and substance satisfactory to Agent in good faith, with the Bank Product Provider that is a counterparty to such Rate Protection Agreement, as acknowledged and agreed to by
Borrowers, providing for the delivery to Agent by such counterparty of information with respect to the amount of such obligations and providing for the other rights of Agent and such Bank Product Provider in connection with such arrangements,
(ii) any Bank Product Provider, other than Wells Fargo Bank and its Affiliates, shall have delivered written notice to Agent that (A) such Bank Product Provider has entered into a transaction to provide Bank Products to a Borrower or other
Obligor and (B) the obligations arising pursuant to such Bank Products provided to Borrowers constitute Obligations entitled to the benefits of the security interest of Agent granted hereunder, and Agent shall have accepted such notice in
writing (which acceptance shall not be unreasonably withheld, conditioned or delayed), and (iii) except as otherwise provided herein, in no event shall any Bank Product Provider acting in such capacity to whom such obligations, liabilities or
indebtedness are owing be deemed a Lender for purposes hereof to the extent of and as to such obligations, liabilities or indebtedness and in no event shall the approval of any such person in its capacity as Bank Product Provider be required in
connection with the release or termination of any security interest or lien of Agent. 
 “Obligor” means, as the
context may require, any Borrower or Guarantor. 

  
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 “OFAC” means The Office of Foreign Assets Control of the U.S. Department of the
Treasury. 
 “Organic Document” means, relative to any Obligor, as applicable, its certificate of incorporation,
articles of organization, certificate of formation, certificate of partnership, by-laws, partnership agreement, limited liability company agreement, operating agreement and all shareholder agreements, voting trusts and similar arrangements
applicable to any of such Obligor’s partnership interests, limited liability company interests or authorized shares of Capital Securities. 
 “Other Permitted Investments” means, at any time: 
 (a)
any direct obligation of (or unconditionally guaranteed by) the United States (or any agency thereof to the extent such obligations are supported by the full faith and credit of the United States), maturing not more than one year after such time;

 (b) any repurchase agreement that is secured by a fully perfected security interest in any obligation of the
type described in clause (a), (d), (e) or (f) of this definition, so long as the market value of the collateral deposited to secure such repurchase agreement shall have a market value at all times of not less than 101% of the face value of
such repurchase agreement; 
 (c) tax exempt general obligations and revenue secured instruments of United States
state and local governments rated A2 or higher by Moody’s or A or higher by S&P; 
 (d) bankers’
acceptances eligible for purchase or discount with the Federal Reserve System; 
 (e) any certificate of deposit
or time deposit which matures not more than two years after such time and which is issued by any bank organized under the laws of United States (or any state thereof) and which has (x) a credit rating of A2 or higher from Moody’s or A or
higher from S&P and (y) a combined capital and surplus greater than $500,000,000; 
 (f) commercial
paper which is issued by finance, industrial, utility, bank holding companies and state and local governments with ratings Prime-1 or Prime-2 by Moody’s and A-1+, A-1 or A-2 by S&P; 

(g) corporate bonds rated by Moody’s and S&P with an average rating of at least A and maturing not more than two
years after such time; 
 (h) mutual funds investing only in the above assets; provided that only up to
$50,000,000 of such Investments shall constitute Other Permitted Investments, unless such mutual fund solely owns government securities for non-overnight investments; 

(i) master notes of a bank organized under the laws of the United States (or any state thereof) or a United States
government agency, in each case, which has (x) a credit rating of A2 or higher from Moody’s or A or higher from S&P and (y) a combined capital and surplus greater than $500,000,000, with limits authorized for each specific note,
in all cases maturing not more than two years after such time; and 

  
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 (j) asset backed securities maturing not more than two years after such
time, collateralized by credit card receivables or other loans which are rated AAA or higher by both Moody’s and S&P; provided that only up to $20,000,000 of such securities issued by any single issuer shall be considered Other Permitted
Investments. 
 “Other Taxes” means any and all stamp, documentary, mortgage recordation or similar Taxes, or any
other excise or property Taxes or similar levies that arise on account of any payment made or required to be made under any Loan Document or from the execution, delivery, registration, recording or enforcement of any Loan Document. 

“Participant” is defined in Section 10.11.2 hereof. 

“Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. 
 “Payment Date” means the first day
after the end of each calendar month, or, if any such day is not a Business Day, the next succeeding Business Day. 

“PACA” means the Perishable Agricultural Commodities Act, 1930, as amended, 7 U.S.C. Section 499a et. seq., as the same
now exists or may hereafter from time to time be amended, modified, recodified or supplemented, together with all rules and regulations thereunder. 
 “PBGC” means the Pension Benefit Guaranty Corporation and any Person succeeding to any or all of its functions under ERISA. 

“Pension Plan” means a “pension plan”, as such term is defined in Section 3(2) of ERISA, which is subject to
Title IV of ERISA (other than a multiemployer plan as defined in Section 4001(a)(3) of ERISA), and to which Winn-Dixie or any corporation, trade or business that is, along with such Borrower, a member of a Controlled Group, may have liability,
including any liability by reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any time during the preceding five years, or by reason of being deemed to be a contributing sponsor under Section 4069
of ERISA. 
 “Percentage” means as to any Lender: 

(a) with respect to a Revolving Loan Lender’s obligation to make Revolving Loans and Swing Line Loans and to acquire
interests in Letter of Credit Outstandings, receive payments of principal, interest, fees, costs and expenses with respect thereto and for purposes of determining the Required Lenders, the fraction (expressed as a percentage) the numerator of which
is such Revolving Loan Lender’s Revolving Loan Commitment and the denominator of which is the aggregate amount of all of the Revolving Loan Commitments, as adjusted from time to time in accordance with the provisions of Section 2.2.1 or
10.11 hereof; provided, that, if the Revolving Loan Commitments have been terminated, the numerator of such fraction shall be the outstanding amount of such Revolving Loan Lender’s Revolving Loans and Swing Line Loans and its
interest in the Letter of Credit Outstandings and the denominator of such fraction shall be the aggregate amount of all outstanding Revolving Loans, Swing Line Loans and Letter of Credit Outstandings; and 

  
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 (b) with respect to all other matters as to a particular Lender (including
the indemnification obligations arising under Section 10.4 hereof and the voting rights set forth in Section 10.1 hereof), the fraction (expressed as a percentage) the numerator of which is the aggregate amount of all of such Lender’s
Commitments and the denominator of which is the aggregate amount of all of the Commitments of all Lenders; provided, that, if the Commitments have been terminated, the numerator of such fraction shall be the outstanding amount of each
Lender’s Loans and its interest in the Letter of Credit Outstandings and the denominator of such fraction shall be the aggregate amount of all outstanding Loans and Letter of Credit Outstandings, in each case as the Commitments may be adjusted
from time to time in accordance with the provisions of Section 2.2.1 or 10.11 hereof. 
 “Perishable Inventory”
means Inventory included in the following categories as reported by Borrowers consistent with past practice: bakeries, produce, floral, dairy, fresh seafood, meat and deli. 
 “Permitted Acquisition” means an acquisition (whether pursuant to an acquisition of Capital Securities, assets or otherwise) by any Borrower or any Subsidiary from any Person of a business or of
all or substantially all of the assets or of all of the Capital Securities of any Person (or any division thereof) in which the following conditions are satisfied: 

(a) immediately before and after giving effect to such acquisition, no Default shall have occurred and be continuing or
would result therefrom (including under Sections 7.2.1 and 7.2.4 hereof); 
 (b) Winn-Dixie shall have delivered
to Agent, in form and substance satisfactory to Agent in good faith, (i) a Compliance Certificate for the period of four (4) full Fiscal Quarters immediately preceding such acquisition giving pro forma effect to the consummation of such
acquisition and any Borrowings necessary in connection therewith and evidencing compliance with the covenant set forth in Section 7.2.4 hereof; (ii) the most recent annual and interim financial statements for the Person being acquired and
related statements of income and cash flows showing positive cash flows for the preceding fiscal year of such Person, (iii) detailed forecasts of cash flows for the Person being acquired forecasting positive future cash flows and (iv) new
detailed projections for Winn-Dixie and its Subsidiaries through the Stated Maturity Date giving pro forma effect to such acquisition, based on assumptions satisfactory to Agent and demonstrating pro forma compliance with the financial covenant
contained in Section 7.2.4 hereof, in each case, prepared in good faith and in a manner and using such methodology which is consistent with the most recent financial statements delivered pursuant to Section 7.1.1 hereof and in form
reasonably satisfactory to Agent in good faith, provided, that, Winn-Dixie shall not be required to comply with this clause (b) of this definition in respect of any acquisition of a single retail store or any acquisition of a
series of related retail stores (whether through the acquisition of Capital Securities or assets) to the extent that such acquisitions of retail stores (the “Retail Store Acquisitions”) do not exceed $25,000,000 (excluding Inventory) in
the aggregate during any Fiscal Year; 

  
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 (c) concurrently with the consummation of such acquisition, Borrowers will
have complied with the requirements of Section 7.1.8 hereof, including that the documentation for such acquisition shall permit Agent to obtain a Lien thereon to the extent provided in Section 7.1.8 hereof; and 

(d) such acquisition shall be in the same line of business as that engaged in by Winn-Dixie and its Subsidiaries as of the
Closing Date. 
 “Permitted Disposition” means a sale, disposition or other conveyance of assets (including Capital
Securities of a Subsidiary) by any Borrower or any of its Subsidiaries pursuant to Section 7.2.11 hereof. 

“Permitted Lien” means a Lien permitted pursuant to Section 7.2.3 hereof. 

“Permitted Sale and Leaseback Transaction” means a transaction by any Borrower or any of its Subsidiaries permitted pursuant to
the proviso to Section 7.2.15 hereof. 
 “Person” means any natural person, corporation, limited liability
company, partnership, joint venture, association, trust or unincorporated organization, Governmental Authority or any other legal entity, whether acting in an individual, fiduciary or other capacity. 

“Pharmacy Receivables” means as to each Borrower and each Guarantor, all present and future rights of such Borrower and
Guarantor to payment from a Third Party Payor arising from the sale of prescription drugs by such Borrower or Guarantor (it being understood that the portion of the purchase price for such prescription drugs payable by the purchaser of such
prescription drugs or any Person other than a Third Party Payor shall not be deemed to be a Pharmacy Receivable). 

“Pharmacy Scripts” means as to each Borrower and Guarantor, all of such Borrower’s and Guarantor’s now owned or
hereafter existing or acquired retail customer files (including prescriptions for retail customers and other medical information related thereto) maintained by the retail pharmacies of Borrowers and Guarantors, wherever located. 

“Pharmacy Scripts Availability” means an amount equal to eighty-five (85%) percent of the Net Orderly Liquidation Value of
the Eligible Pharmacy Scripts multiplied by the number of Eligible Pharmacy Scripts, provided, that, such amount may be reduced or increased (but in no event shall the advance rate in respect of Eligible Pharmacy Scripts be increased
to an amount greater than eighty-five (85%) percent), at the option of the Co-Collateral Agents in good faith, to reflect (a) any sales of Eligible Pharmacy Scripts, (b) reductions in the number of prescriptions, the average volume of
prescriptions being filled or the average dollar amount of prescription values, (c) any change in the mix of the types of payors with respect to prescriptions, (d) any statutory or regulatory changes after the date hereof that adversely
affect the transferability of the Pharmacy Scripts or (e) any other changes to the factors identified in any appraisal that adversely affect the amount that may be recovered by Agent from the sale or other disposition of the Pharmacy Scripts;
provided further that the amount of any reduction shall have a reasonable relationship to the event, condition or other matter which is the basis for such reduction as determined by any Co-Collateral Agents in good faith. 

  
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 “Pledge Agreement” means, as the context may require, each Loan Document pursuant
to which a pledge may be created by the owners of Capital Securities of Winn-Dixie or any of Winn-Dixie’s Subsidiaries to Agent for the benefit of the Secured Parties (including any Foreign Pledge Agreement), in each case as amended,
supplemented, amended and restated or otherwise modified from time to time; sometimes referred to collectively as the “Pledge Agreements” as the context may require. 
 “Pledged Subsidiary” means each Material Subsidiary in respect of which Agent has been granted a security interest in or a pledge of (a) any of the Capital Securities of such Subsidiary or
(b) any intercompany notes of such Material Subsidiary owing to Winn-Dixie or another Subsidiary. 
 “Process
Agent” is defined in Section 10.15 hereof. 
 “Processor Letter” means any letter agreement between any
Obligor and any Credit Card Issuer or Credit Card Processor of such Obligor which is a party to Credit Card Agreement in favor of Agent acknowledging Agent’s first priority security interest in the monies due and to become due to such Borrower
(including, without limitation, credits and reserves) under such Credit Card Agreement, and agreeing to transfer all such amounts to a Majority Account, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed,
restated or replaced. 
 “Provision for Taxes” means an amount equal to all taxes imposed on or measured by net
income, whether Federal, State, county or local, and whether foreign or domestic, that are paid or payable by any Person in respect of any period in accordance with GAAP. 
 “PSA” means the Packers and Stockyard Act of 1921, 7 U.S.C. Section 181 et. seq., as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented,
together with all rules, regulations and interpretations thereunder or related thereto. 
 “QDO Call Option” means a
call option or other derivative contract purchased by Winn-Dixie under which Winn-Dixie will have the right to receive from the counterparty to such call option or other derivative contract Capital Securities of Winn-Dixie (or to receive a cash
settlement in lieu of delivery of such Capital Securities), provided, that, such option or other derivative contract is purchased by Winn-Dixie (a) in connection with an issuance by Winn-Dixie of convertible notes or other
securities in a Qualified Debt Offering, and (b) for the purpose of reducing the potential dilution to the Capital Securities of Winn-Dixie and/or to reduce any potential cash payments that Winn-Dixie may be required to make upon conversion of
such convertible notes or other securities. 
 “Qualified Cash” means, as of any date of determination, the amount of
unrestricted cash or Cash Equivalent Investments of Borrowers as calculated by Agent (absent manifest error) that is (a) maintained in the Qualified Cash Account, subject to the valid, enforceable and first priority perfected security interest
of Agent pursuant to a Securities Control Agreement, in form and substance satisfactory to the Co-Collateral Agents in good faith, providing that, among other things, no amounts may be withdrawn or disbursed from the Qualified Cash Account to any
Person without the prior written consent of Agent, and (b) not subject to any Lien, except in favor of Agent. 

  
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 “Qualified Cash Account” means the Bank Account of Winn-Dixie at Wells Fargo Bank
or any of its Affiliates in which the Qualified Cash is maintained. 
 “Qualified Debt Agent” means the entity acting
in the capacity as agent or trustee, as applicable, with respect to a Qualified Debt Offering and any successor or replacement agent or trustee, as applicable, and their respective successors and assigns. 

“Qualified Debt Intercreditor Agreement” means, in form and substance reasonably satisfactory to the Co-Collateral Agents, any
Intercreditor Agreement entered into on the date that one or more of Borrowers incur any Indebtedness permitted to be incurred pursuant to Section 7.2.2(l) hereof, by and between Agent and the holders of such debt (or their agent or trustee, as
applicable) (and such other party as may be applicable as determined by Agent in the event that more than one type of Qualified Debt Offering has been incurred), as acknowledged and agreed to by Borrowers and Guarantors, pursuant to which the
holders of such debt (or their agent or trustee, as applicable) shall subordinate its lien on all Collateral, as the same may be amended, modified, supplemented, extended, renewed, restated or replaced with the written consent of the Co-Collateral
Agents. 
 “Qualified Debt Offering” means, at the option of the Borrowers, in each case, pursuant to and in
accordance with the terms of Section 7.2.2(l) hereof, any or a combination of (i) term loans made to the Borrowers or Guarantors after the date hereof, (ii) notes or other securities issued by any Borrower or Guarantor after the date
hereof (including notes or other securities issued by Winn-Dixie convertible into Capital Securities of Winn-Dixie, so long as, no Change in Control would occur as a result of such conversion and, in the case of a conversion to preferred stock as
described in clause (h) of the definition of “Indebtedness,” such conversion would be in compliance with the requirements of Section 7.2.2(l) hereof) or (iii) an offering of preferred stock (including preferred stock
convertible into other Capital Securities of Winn-Dixie) of Winn-Dixie (or other Capital Securities convertible into such preferred stock) as described in clause (h) of the definition of “Indebtedness”; provided, that,
the foregoing shall not be deemed to permit any Change in Control occurring as a result of such issuance of or conversion to any Capital Securities of Winn-Dixie having the requisite voting power as provided in the definition of the term Change in
Control. 
 “Qualified Debt Offering Documents” means, collectively, all agreements, documents and instruments at any
time executed and delivered by any Borrower or Guarantor in connection with a Qualified Debt Offering permitted pursuant to Section 7.2.2(l) hereof, as the same may be amended, modified, supplemented, extended, renewed, restated or replaced.

 “Quarterly Average Excess Availability” means, at any time, the daily average of the aggregate amount of the Excess
Availability for the immediately preceding Fiscal Quarter. 
 “Raleigh Leasing” Winn-Dixie Raleigh Leasing, LLC, a
Florida limited liability company, and its successors and assigns. 

  
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 “Rate Protection Agreement” means an agreement between any Borrower and Agent or
Bank Product Provider that is a rate swap agreement, basis swap, forward rate agreement, commodity swap, interest rate option, forward foreign exchange agreement, spot foreign exchange agreement, rate cap agreement rate, floor agreement, rate collar
agreement, currency swap agreement, cross-currency rate swap agreement, currency option, any other similar agreement (including any option to enter into any of the foregoing or a master agreement for any the foregoing together with all supplements
thereto) for the purpose of protecting against or managing exposure to fluctuations in interest or exchange rates, currency valuations or commodity prices; sometimes collectively referred to herein as “Rate Protection Agreements”.

 “Real Estate Borrower” means, collectively, W-D Properties and any other Person that at any time after the date
hereof becomes a Real Estate Borrower, together with its successors and assigns, including any trustee or other fiduciary hereafter appointed as legal representative on behalf of such Person or on behalf of any such successor or assign. 

“Real Property” means, with respect to any Person, such Person’s present and future fee-owned right, title and interest
in: (a) any plots, pieces or parcels of land; (b) any improvements, buildings, structures and fixtures now or hereafter located or erected thereon or attached thereto of every nature whatsoever; (c) any other interests in property
constituting appurtenances to the rights and interest described in clauses (a) and (b) of this definition, or which hereafter shall in any way belong, relate or be appurtenant thereto; and (d) all other rights and privileges thereunto
belonging or appertaining and all extensions, additions, improvements, betterments, renewals, substitutions and replacements to or of any of the rights and interests described in clause (c) of this definition. 

“Real Property Availability” means an amount equal to the lesser of (a) $60,000,000 or (b) an amount equal to sixty
(60%) percent of the fair market value of the Eligible Real Property, as set forth in the most recent acceptable appraisal of such Real Property received by Agent prior to the date hereof, which appraisal shall be in form, scope and methodology
acceptable to the Co-Collateral Agents in good faith and by an appraiser acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent and the Lenders are expressly permitted to rely; provided, that, the Real
Property Availability shall be recalculated and adjusted annually based upon the then most recent acceptable appraisal received by Agent in accordance with Section 7.3.6 hereof to an amount equal to the lesser of (x) $60,000,000 or
(y) the amount equal to sixty (60%) percent of the fair market value of the Eligible Real Property as set out in such appraisal. 
 “Records” means, as to each Borrower and Guarantor, all of such Borrower’s and Guarantor’s present and future books of account of every kind or nature, purchase and sale agreements,
invoices, ledger cards, bills of lading and other shipping evidence, statements, correspondence, memoranda, credit files and other data relating to the Collateral or any account debtor, together with the tapes, disks, diskettes and other data and
software storage media and devices, file cabinets or containers in or on which the foregoing are stored (including any rights of any Borrower or Guarantor with respect to the foregoing maintained with or by any other Person). 

“Refunded Swing Line Loans” is defined in Section 2.3.2(b) hereof. 

  
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 “Register” is defined in Section 2.7(b) hereof. 

“Reimbursement Obligation” is defined in Section 2.6.3 hereof. 

“Related Fund” means, with respect to any Lender which is a fund that invests in loans, any other fund that invests in loans
and is controlled by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Release” means a “release”, as such term is defined in CERCLA. 

“Replaced Lender” is defined in Section 4.11 hereof. 

“Replacement Lender” is defined in Section 4.11 hereof. 

“Reports” is defined in Section 9.11 hereof. 
 “Required Lenders” means, at any time, those Lenders (other than any Defaulting Lenders at such time) whose Percentages aggregate more than fifty (50%) percent of the aggregate of the
Commitments of all Lenders (other than any Defaulting Lenders at such time), or if the Commitments shall have been terminated, Lenders (other than any Defaulting Lenders at such time) to whom more than fifty (50%) percent of the then
outstanding Obligations are owing. 
 “Required Supermajority Lenders” means, at any time, those Lenders (other than
any Defaulting Lenders at such time) whose Percentages aggregate more than seventy-five (75%) percent of the aggregate of the Commitments of all Lenders (other than any Defaulting Lenders at such time), or if the Commitments shall have been
terminated, Lenders (other than any Defaulting Lenders at such time) to whom more than seventy-five (75%) percent of the then outstanding Obligations are owing. 

  
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 “Reserves” means, as of any date of determination, such amounts as Agent (at the
direction of the Co-Collateral Agents) may from time to time establish and revise in good faith, without duplication, reducing the amount of Revolving Loans, Subfacility Letter of Credit Outstandings and Standby Letter of Credit Outstandings that
would otherwise be available to Borrowers under the lending formula(s) provided for herein: (a) to reflect events, conditions, contingencies or risks which, as determined by Co-Collateral Agents in good faith, adversely affect, or would have a
reasonable likelihood of adversely affecting, (i) the Eligible Borrowing Base Assets or any other property which is security for the Obligations or its value, (ii) the assets, business or financial condition of any Borrower or Obligor or
(iii) the security interests and other rights of Agent or any Lender in the Eligible Borrowing Base Assets or any other property which is security for the Obligations (including the enforceability, perfection and priority thereof), (b) to
reflect the Co-Collateral Agents’ good faith belief (whether based on the receipt or discovery of new information, any change, occurrence or development with respect to previously furnished information, or otherwise) that any collateral report
or financial information furnished by or on behalf of any Borrower or Obligor to Agent is, has become or may have been incomplete, inaccurate or misleading in any material respect, (c) to reflect freight, taxes, duty and other amounts which
Agent estimates must be paid in connection with Eligible LC Inventory upon arrival and for delivery to one of Borrower’s or Guarantor’s locations for Eligible Inventory within the United States of America, (d) [Intentionally deleted],
(e) to fully reflect (i) past due payables which are outstanding more than sixty (60) days past the invoice date as of such time, (ii) past due accruals which are outstanding more than sixty (60) days past the receipt of
Inventory related to such accrual as of such time, in excess of $10,000,000, (iii) past due rent payments which are outstanding more than thirty (30) days past due as of such time and (iv) without duplication, the amount of checks
issued but not sent by Borrowers to pay such payables, accruals and rent payments, in each case other than (A) payables, accruals or rent payments which are being contested by a Borrower in good faith and (B) past due payables and accruals
in respect of which a Reserve has been established pursuant to clause (1) of this definition, and (v) real estate taxes which are past due and delinquent, (f) [Intentionally deleted], (g) to fully reflect write-ups or write-downs
in value with respect to payments and obligations, liabilities or indebtedness (contingent or otherwise) of Borrowers to Agent or any Bank Product Provider arising under or in connection with any Bank Products or as such Bank Product Provider may
otherwise require in connection therewith to the extent that such obligations, liabilities or indebtedness constitute Obligations or otherwise receive the benefit of the security interest of Agent in any Collateral, (h) to fully reflect amounts
owing by Borrowers to Credit Card Issuers or Credit Card Processors in connection with the Credit Card Agreements, (i) to reflect the deterioration in the turnover, nature, quality, quantity, gross margin or mix of Inventory, and/or (j) in
respect of any state of facts which the Co-Collateral Agents determine in good faith constitutes a Default or an Event of Default. Without limiting the generality of the foregoing, Reserves may, at the option of Agent (at the direction of the
Co-Collateral Agents) in good faith, be established, without duplication, to take into account: (1) liabilities of any Borrower to any Person that is entitled to receive the benefit of a security interest or trust pursuant to the PACA, the PSA,
the Food Security Act, any law relating to dairy products or any other similar law, (2) dilution with respect to the Pharmacy Receivables (based on the ratio of the aggregate amount of non-cash reductions in Pharmacy Receivables for any period
to the aggregate dollar amount of the prescription drug sales of Borrowers for such period) as calculated by the Co-Collateral Agents for any period that is or is reasonably anticipated to be greater than five (5%) percent, (3) a reduction
in the value of the Eligible Real Property, but in any event, with respect to a reserve established against Real Property Availability, only to the extent that such reduction has not been reflected in a reduction in the Real Property Availability
pursuant to any appraisal of the Eligible Real Property, and (4) any indemnities, guaranties or other reimbursement agreements or obligations by Agent in favor of any Person in connection with or with respect to any cash management arrangements
or any Rate Protection Agreements. To the extent Agent (at the direction of the Co-Collateral Agents) (a) have reflected in the lending formulas used to establish the Borrowing Base any circumstance, condition, event or contingency in a manner
satisfactory to the Co-Collateral Agents in good faith or (b) may revise the lending formulas used to determine the Borrowing Base or establish new criteria or revise existing criteria for any of the Eligible Borrowing Base Assets so as to
address any circumstances, condition, event or contingency in a manner satisfactory to the Co-Collateral Agents in good faith, in each case Agent (at the direction of the Co-Collateral Agents) shall not establish a Reserve for the same purpose. The
amount of any Reserve established by Agent (at the direction of the Co-Collateral Agents) shall have a reasonable relationship to the event, condition or other matter which is the basis for such reserve as determined by the Co-Collateral Agents in
good faith. 

  
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 “Resource Conservation and Recovery Act” means the Resource Conservation and
Recovery Act, 42 U.S.C. Section 6901, et seq., as amended. 
 “Restricted Payment” means the declaration or
payment of any dividend (other than dividends payable solely in Capital Securities of any Borrower or any Subsidiary which do not contain mandatory redemption provisions) on, or the making of any payment or distribution on account of, or setting
apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement, repurchase or other acquisition of any class of Capital Securities of any Borrower or any Subsidiary or any warrants or options to purchase any
such Capital Securities, whether now or hereafter outstanding, or the making of any other distribution in respect thereof, either directly or indirectly, whether in cash or property, obligations of any Borrower or any Subsidiary or otherwise.

 “Retail Store Acquisitions” is defined in the definition of “Permitted Acquisitions”. 

“Revolving Loan Commitment” means, relative to any Revolving Loan Lender, such Revolving Loan Lender’s obligation (if any)
to make Revolving Loans pursuant to Section 2.1.1(a) hereof in the principal amount set forth on Schedule II hereto designated as the Revolving Loan Commitment for such Revolving Loan Lender or in the Lender Assignment Agreement pursuant to
which such Revolving Loan Lender became a Revolving Loan Lender hereunder in accordance with the provisions of Section 10.11.1 hereof, as the same may be adjusted from time to time in accordance with the terms hereof; sometimes being
collectively referred to herein as the “Revolving Loan Commitments”. 
 “Revolving Loan Lenders” means, at
any time, Lenders having a Revolving Loan Commitment or Revolving Loans owing to it at such time; each sometimes referred to herein individually as a “Revolving Loan Lender”. 

“Revolving Loans” means, collectively, the revolving loans made to or for the benefit of a Borrower by or on behalf of any
Revolving Loan Lender or by Agent for the ratable account of any Revolving Loan Lender as set forth in Section 2.1.1(a) hereof. 
 “Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a
country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and enforced by OFAC. 

“Sanctioned Person” means a person named on the list of Specially Designated Nationals maintained by OFAC. 

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc. 

“SEC” means the Securities and Exchange Commission. 

  
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 “Secured Parties” means, collectively, the Lenders, the Issuer, Agent,
Co-Collateral Agents, each Bank Product Provider and (in each case), each of their respective successors, transferees and assigns. 
 “Securities Control Agreement” means an agreement in writing, in form and substance satisfactory to the Co-Collateral Agents in good faith, by and among Agent, any Borrower or Guarantor (as the
case may be) and any securities intermediary, commodity intermediary, issuer of uncertificated securities or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging, among other
things, that such securities intermediary, commodity intermediary, issuer or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect
to such investment property and such other instructions of Agent. 
 “Security Agreement” means the Second Amended and
Restated Security Agreement, dated of even date herewith, executed and delivered by each Borrower and Guarantor in favor of Agent for the benefit of the Secured Parties, as amended, supplemented, amended and restated or otherwise modified from time
to time. 
 “Security Documents” means, collectively, the Security Agreement, each Pledge Agreement, each Trademark
Security Agreement, each Mortgage and each Leasehold Mortgage; each sometimes referred to individually as a “Security Document” as the context may require. 
 “Social Security Act” means the Social Security Act, 92 U.S.C. §§1396, et seq., as the same now exists or may from time to time hereafter be amended, modified, recodified or
supplemented, together with all rules, regulations and interpretations thereunder or related thereto. 
 “Special Agent
Advances” is defined in Section 2.1.1(e) hereof. 
 “SRP Pension Plan” means the supplemental retirement
plan offered by certain Borrowers and Guarantors to provide supplemental retirement benefits to certain participating employees of certain Borrowers and Guarantors, including any related individual agreements. 

“Standby Letter of Credit” is defined in Section 2.1.3(a)(i) hereof. 

“Standby Letter of Credit Commitment” means, with respect to the Issuer, such Issuer’s obligation to issue Standby Letters
of Credit pursuant to Section 2.1.3 hereof and, with respect to each Lender, the obligations of each such Lender to participate in such Standby Letters of Credit pursuant to Section 2.6.1 hereof. 

“Standby Letter of Credit Issuance Request” means a Standby Letter of Credit request and certificate to be duly executed by an
Authorized Officer of a Borrower pursuant to the terms of this Agreement, substantially in the form of Exhibit B-1 hereto. 

“Standby Letter of Credit Outstandings” means, on any date, an amount equal to the sum of (a) the then aggregate amount
which is undrawn and available under all issued and outstanding Standby Letters of Credit, and (b) the then aggregate amount of all unpaid and outstanding Reimbursement Obligations in respect of Standby Letters of Credit. 

  
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 “Stated Amount” means, on any date and with respect to a particular Letter of
Credit or Standby Letter of Credit, the total amount then available to be drawn under such Letter of Credit or Standby Letter of Credit in Dollars. 
 “Stated Expiry Date” is defined in Section 2.6 hereof. 

“Stated Maturity Date” that is the earliest to occur of (i) the date which is five (5) years after the date hereof,
or (ii) at the option of Agent, or at the direction of the Required Lenders, at any time (after giving notice to the Administrative Borrower) on or after an Event of Default. 

“Stores Leasing” shall mean Winn-Dixie Stores Leasing, LLC, a Florida limited liability company, and its successors and
assigns. 
 “Subfacility Letter of Credit” is defined in Section 2.1.2 hereof. 

“Subfacility Letter of Credit Commitment” means, with respect to the Issuer, such Issuer’s obligation to issue Subfacility
Letters of Credit pursuant to Section 2.1.2 hereof and, with respect to each Lender, the obligations of each such Lender to participate in such Subfacility Letters of Credit pursuant to Section 2.6.1 hereof. 

“Subfacility Letter of Credit Issuance Request” means a Subfacility Letter of Credit request and certificate to be duly
executed by an Authorized Officer of a Borrower pursuant to the terms of this Agreement, substantially in the form of Exhibit B-2 hereto. 
 “Subfacility Letter of Credit Outstandings” means, on any date, an amount equal to the sum of (a) the then aggregate amount which is undrawn and available under all issued and outstanding
Subfacility Letters of Credit, and (b) the then aggregate amount of all unpaid and outstanding Reimbursement Obligations in respect of Subfacility Letters of Credit. 
 “Subsidiary” means, with respect to any Person, any other Person of which more than fifty (50%) percent of the outstanding Voting Securities of such other Person (irrespective of whether at
the time Capital Securities of any other class or classes of such other Person shall or might have voting power upon the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one
or more other Subsidiaries of such Person, or by one or more other Subsidiaries of such Person. Unless the context otherwise specifically requires, the term “Subsidiary” shall be a reference to a Subsidiary of Winn-Dixie. 

“Subsidiary Borrowers” means, collectively, W-D Montgomery, W-D Procurement, W-D Raleigh, W-D Supermarkets, W-D Properties and
any other Person that at any time after the date hereof becomes a Borrower, together with their respective successors and assigns, including any trustee or other fiduciary hereafter appointed as legal representative on behalf of such person or on
behalf of any such successor or assign; each sometimes referred to individually as a “Subsidiary Borrower”. 

“Substitute Lender” is defined in Section 10.11.1(f) hereof. 

  
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 “Swing Line Lender” means, subject to the terms of this Agreement, Wells Fargo
Bank. 
 “Swing Line Loan” is defined in Section 2.1.1(b) hereof. 

“Swing Line Loan Commitment” is defined in Section 2.1.1(b) hereof. 

“Swing Line Loan Limit” means the amount of $30,000,000, as such amount may be increased or reduced from time to time pursuant
to Section 2.2 hereof. 
 “Syndication Agent” is defined in the preamble. 

“Synthetic Lease” means, as applied to any Person, any lease (including leases that may be terminated by the lessee at any
time) of any property (whether real, personal or mixed) (a) that is not a capital lease in accordance with GAAP and (b) in respect of which the lessee retains or obtains ownership of the property so leased for federal income tax purposes,
other than any such lease under which that Person is the lessor. 
 “Taxes” means all income, stamp or other taxes,
duties, levies, imposts, charges, assessments, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, and all interest, penalties or similar liabilities with respect
thereto. 
 “Telerate British Bankers Assoc. Interest Settlement Rates Page” means the display designated as Page 3750
or 3740 on the Telerate System Incorporated Service (or such other page as may replace such page on such service for the purpose of displaying the rates which Dollar deposits are offered by leading banks in the London interbank deposit market).

 “Termination Date” means the date on which all Obligations have been paid in full in cash, all Letters of Credit
have been terminated or expired (or have been Cash Collateralized), all Rate Protection Agreements and all other Bank Products arrangements have been terminated and all Commitments shall have terminated or expired. 

“Third Party Payor” means any private health insurance company that is obligated to reimburse or otherwise make payments to
pharmacies who sell prescription drugs to eligible patients under any insurance contract with such private health insurer. 

“Total Letter of Credit Outstandings” means, at any given time, the aggregate amount of all Subfacility Letter of Credit
Outstandings and all Standby Letter of Credit Outstandings. 
 “Trademark Security Agreement” means any Second Amended
and Restated Trademark Security Agreement executed and delivered by any Obligor pursuant to the terms of this Agreement or the Security Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time. 

“type” means, relative to any Loan, the portion thereof, if any, being maintained as a Base Rate Loan or a LIBO Rate Loan.

  
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 “2010 10-K” means the annual report of Administrative Borrower on Form 10-K for
the Fiscal Year ended June 30, 2010 as filed with the SEC on August 30, 2010. 
 “UCC” means the Uniform
Commercial Code as in effect from time to time in the State of New York; provided that if, with respect to any Filing Statement or by reason of any provisions of law, the perfection or the effect of perfection or non-perfection of the security
interests granted to Agent pursuant to the applicable Loan Document is governed by the Uniform Commercial Code as in effect in a jurisdiction of the United States other than New York, then “UCC” means the Uniform Commercial Code as in
effect from time to time in such other jurisdiction for purposes of the provisions of each Loan Document and any Filing Statement relating to such perfection or effect of perfection or non-perfection. 

“United States” or “U.S.” means the United States of America, its fifty states and the District of Columbia.

 “U.S. Subsidiary” means any Subsidiary that is incorporated or organized under the laws of the United States, a
state thereof, or the District of Columbia, in each case which is not a Subsidiary of a Foreign Subsidiary. 
 “Value”
means, as determined by the Co-Collateral Agents in good faith with respect to Inventory, the cost of such Inventory computed on a first-in/first-out basis in accordance with GAAP, provided that, for purposes of the calculation of the Borrowing
Base, the Value of the Inventory shall not include: (a) the portion of the value of Inventory equal to the profit earned by any Affiliate on the sale thereof to any Borrower, (b) the portion of the value of Inventory in an amount equal to
such Borrower’s accrued liability for gift certificates or (c) the portion of the value of Inventory in an amount equal to such Borrower’s shrink reserve, mark downs and dated Inventory reserves as reflected in Borrowers’
reporting consistent with past practice and any related accruals deemed reasonably necessary by the Co-Collateral Agents. 

“Voting Securities” means, with respect to any Person, Capital Securities of any class or kind ordinarily having the power to
vote for the election of directors, managers or other voting members of the governing body of such Person. 
 “Warehouse
Leasing” shall mean Winn-Dixie Warehouse Leasing, LLC, a Florida limited liability company, and its successors and assigns. 
 “Wells Fargo Bank” shall mean Wells Fargo Bank, National Association, successor by merger to Wachovia Bank, National Association, a national banking association, and its successors and assigns.

 “Wells Fargo Capital” is defined in the preamble. 

“W-D Montgomery” is defined in the preamble. 
 “W-D Procurement” is defined in the preamble. 
 “W-D Raleigh”
is defined in the preamble. 

  
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 “W-D Properties” is defined in the preamble. 

“W-D Supermarkets” is defined in the preamble. 
 “Welfare Plan” means a “welfare plan”, as such term is defined in Section 3(1) of ERISA. 
 “Wholly Owned Subsidiary” means any Subsidiary all of the outstanding Capital Securities of which (other than any director’s qualifying shares or investments by foreign nationals mandated
by applicable laws) is owned directly or indirectly by Winn-Dixie. 
 “Winn-Dixie” is defined in the preamble.

 SECTION 1.2 Use of Defined Terms. Unless otherwise defined or the context otherwise requires, terms for which meanings
are provided in this Agreement shall have such meanings when used in each other Loan Document, the Disclosure Schedule and each notice or communication delivered from time to time in connection with this Agreement or any other Loan Document.

 SECTION 1.3 Cross-References. Unless otherwise specified, references in a Loan Document to any Article or Section are
references to such Article or Section of such Loan Document, and references in any Article, Section or definition to any clause are references to such clause of such Article, Section or definition. 

SECTION 1.4 Accounting and Financial Determinations. Unless otherwise specified, all accounting terms used in each Loan Document
shall be interpreted, and all accounting determinations and computations thereunder (including under Section 7.2.4 hereof and the definitions used in such calculations) shall be made, in accordance with those generally accepted accounting
principles (“GAAP”) applied in the preparation of the financial statements of Winn-Dixie and its Subsidiaries as contained in the 2010 10-K. Unless otherwise expressly provided, all financial covenants and defined financial terms shall be
computed on a consolidated basis for Winn-Dixie and its Subsidiaries, in each case without duplication. 
 ARTICLE II 

COMMITMENTS, BORROWING AND ISSUANCE 
 PROCEDURES AND LETTERS OF CREDIT 
 SECTION 2.1 Commitments. On the terms
and subject to the conditions of this Agreement, the Lenders and the Issuer severally agree to make Credit Extensions as set forth below. 

  
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 SECTION 2.1.1 Revolving Loan Commitments and Swing Line Loan
Commitment. From time to time on any Business Day occurring from and after the Closing Date but prior to the Commitment Termination Date, 
 (a) each Revolving Loan Lender severally (and not jointly) agrees that it will make Revolving Loans to the Administrative Borrower for the account of the applicable Borrower equal to such Revolving Loan
Lender’s Percentage of the aggregate amount of each Borrowing of Revolving Loans requested by any Borrower (or the Administrative Borrower on behalf of a Borrower) to be made on such day; provided that, in any event, (i) the aggregate
principal amount of the Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding at any time shall not exceed the lesser of (A) the Borrowing Base at such time or (B) the Maximum Credit at such time,
(ii) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding at any time based on Eligible Inventory consisting of finished goods that is Perishable Inventory shall not exceed the
sublimit set forth in clause (a)(i)(B)(3) of the definition of Borrowing Base at such time, (iii) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding at any time based on
Eligible Pharmacy Receivables (other than Medicare Pharmacy Receivables and Medicaid Pharmacy Receivables) and Eligible Credit Card Receivables shall not exceed the sublimit set forth in clause (a)(i)(C)(2) of the definition of Borrowing Base at
such time, (iv) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding at any time based on Eligible Medicare Pharmacy Receivables and Eligible Medicaid Pharmacy Receivables shall
not exceed the sublimit set forth in clause (a)(i)(D)(2) of the definition of Borrowing Base at such time, (v) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding at any time
based on Eligible Pharmacy Scripts shall not exceed the sublimit set forth in clause (a)(i)(E)(2) of the definition of Borrowing Base at such time, (vi) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of
Credit Outstandings outstanding at any time based on Eligible Real Property shall not exceed the sublimit set forth in clause (a) of the definition of Real Property Availability at such time, and (vii) the Total Letter of Credit
Outstandings outstanding at any time shall not exceed the Letter of Credit Limit at such time; 
 (b) the Swing
Line Lender agrees that it will make loans (its “Swing Line Loans”) to the Administrative Borrower for the account of the applicable Borrower equal to the principal amount of the Swing Line Loan requested by any Borrower (or the
Administrative Borrower on behalf of a Borrower) to be made on such day; provided that, in any event, (i) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding at any time shall
not exceed the lesser of (A) the Borrowing Base at such time and (B) the Maximum Credit at such time and (ii) the aggregate principal amount of Swing Line Loans outstanding at any time shall not exceed the Swing Line Loan Limit at
such time. The Commitment of the Swing Line Lender described in this Section is herein referred to as its “Swing Line Loan Commitment”; 

  
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 (c) Co-Collateral Agents may, in their discretion, from time to time, upon
not less than five (5) days prior notice to the Administrative Borrower (or, if an Event of Default has occurred and is continuing, no prior notice to the Administrative Borrower), reduce the lending formula(s) with respect to Borrowing Base
Assets to the extent that Co-Collateral Agents determine in good faith that the liquidation value of the Borrowing Base Assets or any category thereof has decreased, including any decrease attributable to a change in the nature, quality, turnover or
mix of the Borrowing Base Assets. The amount of any decrease in the lending formulas shall have a reasonable relationship to the event, condition or circumstance which is the basis for such decrease as determined by Co-Collateral Agents in good
faith. In determining whether to reduce the lending formula(s), Co-Collateral Agents may consider events, conditions, contingencies or risks which are also considered in determining Eligible Inventory, Eligible Pharmacy Scripts, Eligible Pharmacy
Receivables, Eligible Credit Card Receivables or Eligible Real Property, as the case may be, or in establishing Reserves, provided that, (i) to the extent Co-Collateral Agents have established Reserves to address any circumstances, condition,
event or contingency in a manner satisfactory to Co-Collateral Agents, Co-Collateral Agents shall not reduce the lending formulas for the same purpose and (ii) this Section 2.1.1(c) shall not otherwise apply to the establishment or
adjustment of Reserves. 
 (d) in the event that at any time (i) the aggregate principal amount of the
Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding exceeds the Borrowing Base or the Maximum Credit, (ii) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit
Outstandings based on Eligible Inventory consisting of finished goods that is Perishable Inventory exceeds the sublimit set forth in clause (a)(i)(B)(3) of the definition of Borrowing Base, (iii) the aggregate principal amount of Revolving
Loans, Swing Line Loans and Total Letter of Credit Outstandings based on Eligible Pharmacy Receivables and Eligible Credit Card Receivables exceeds the sublimit set forth in clause (a)(i)(C)(2) of the definition of Borrowing Base, (iv) the
aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings based on Eligible Medicare Pharmacy Receivables and Eligible Medicaid Pharmacy Receivables exceeds the sublimit set forth in clause (a)(i)(D)(2)
of the definition of Borrowing Base, (v) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings based on Eligible Pharmacy Scripts exceeds the sublimit set forth in clause (a)(i)(E)(2) of the
definition of Borrowing Base, (vi) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings based on Eligible Real Property exceeds the sublimit set forth in clause (a) of the definition
of Real Property Availability, (vii) the Total Letter of Credit Outstandings exceeds the Letter of Credit Limit, or (viii) the aggregate amount of the Swing Line Loans exceeds the Swing Line Loan Limit, in each case such event shall not
limit, waive or otherwise affect any rights of Agent or the Lenders in such circumstances or on any future occasions and Borrowers shall immediately repay to Agent the entire amount of any such excess(es) for which payment is demanded and, if
necessary, Cash Collateralize all Letter of Credit Outstandings, in an aggregate amount equal to any such excess(es). 

  
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 (e) Notwithstanding anything to the contrary contained herein, Agent may, at
its option, from time to time, at any time on or after an Event of Default and for so long as the same is continuing or upon any other failure of a condition precedent to the making of Loans or the issuance of Letters of Credit hereunder, make such
disbursements and advances (“Special Agent Advances”) which Agent, in its sole discretion, deems necessary or desirable either (i) to preserve or protect the Collateral or any portion thereof or (ii) to enhance the likelihood or
maximize the amount of repayment by Borrowers and Guarantors of the Loans and other Obligations, provided, that, (A) the aggregate outstanding principal amount of the Special Agent Advances which Agent may make or provide, plus
the then outstanding principal amount of additional Revolving Loans or Letters of Credit which Agent or the Issuer may make or provide as set forth in Section 10.20 hereof, shall not exceed the aggregate outstanding amount equal to five
(5%) percent of the Borrowing Base, (B) the aggregate outstanding principal amount of the Special Agent Advances which Agent may make or provide plus the aggregate principal amount of Revolving Loans, Swing Line Loans and Letter of Credit
Outstandings outstanding with respect to all Borrowers at any time shall not exceed the Maximum Credit and (C) the aggregate outstanding principal amount of the Special Agent Advances which Agent may make or provide plus the aggregate principal
amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding with respect to all Borrowers at any time shall not exceed the Maximum Credit. Special Agent Advances, together with interest thereon, shall be repayable
on demand and be secured by the Collateral, provided that, demand shall be made by Agent for the repayment of any outstanding Special Agent Advance no later than ninety (90) days after the date such Special Agent Advance was made (unless the
Required Lenders shall have consented to a later date for demand). Special Agent Advances shall not constitute Loans but shall otherwise constitute Obligations hereunder. Without limitation of its obligations hereunder, each Revolving Loan Lender
agrees that it shall make available to Agent, upon Agent’s demand, in immediately available funds, the amount equal to such Lender’s Percentage of each such Special Agent Advance. 

(f) On the terms and subject to the conditions hereof, each Borrower may from time to time borrow, prepay and reborrow
Revolving Loans and Swing Line Loans. No Revolving Loan Lender shall be required to make any Revolving Loan if, after giving effect thereto, the aggregate outstanding principal amount of all Revolving Loans (including such Revolving Loan
Lender’s Percentage of Special Agent Advances) of such Revolving Loan Lender, together with such Revolving Loan Lender’s Percentage of the aggregate amount of all Swing Line Loans and Letter of Credit Outstandings, would exceed such
Revolving Loan Lender’s Percentage of the Maximum Credit. Furthermore, the Swing Line Lender shall not be required to make Swing Line Loans if, after giving effect thereto, (i) the aggregate outstanding principal amount of all Swing Line
Loans would exceed the Swing Line Loan Limit or (ii) unless otherwise agreed to by the Swing Line Lender, in its sole discretion, the sum of all Swing Line Loans and Revolving Loans made by the Swing Line Lender plus the Swing Line
Lender’s Percentage of the aggregate amount of Letter of Credit Outstandings would exceed the Swing Line Lender’s Percentage of the Maximum Credit. 
 SECTION 2.1.2 Subfacility Letter of Credit Commitment; Existing Letters of Credit. 
 (a) From time to time on any Business Day occurring from and after the Closing Date but prior to the Commitment Termination Date, the Issuer agrees that it will 

  
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 (i) issue one or more import letters of credit (relative to such Issuer,
its “Subfacility Letter of Credit”) for the account of any Borrower or any Guarantor in the Stated Amount requested by such Borrower or Guarantor (or the Administrative Borrower on behalf of such Borrower or Guarantor) on such day;
provided that (A) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings outstanding at any time shall not exceed the lesser of (x) the Borrowing Base at such time or (y) the
Maximum Credit, and (B) the aggregate amount of Subfacility Letter of Credit Outstandings plus the aggregate amount of Standby Letter of Credit Outstandings to all Borrowers and Guarantors at any time shall not exceed the Letter of Credit
Limit; or 
 (ii) extend the Stated Expiry Date of an existing Subfacility Letter of Credit previously issued
hereunder. 
 (b) No Stated Expiry Date shall extend beyond the earlier of (A) the Commitment Termination
Date and (B) one year from the date of such initial issuance or, if applicable, most recent extension, in each case unless otherwise agreed to by the Issuer in its sole discretion; provided that in the case of a Stated Expiry Date that extends
beyond the Commitment Termination Date, such Subfacility Letter of Credit is fully Cash Collateralized in a manner satisfactory to the Issuer (or the Issuer has received, in form and substance satisfactory to Agent and the Issuer, a supporting
letter of credit in an amount equal to the Stated Amount of such Subfacility Letter of Credit and all related fees and other amounts) on the date of the issuance of such Subfacility Letter of Credit (or the date of extension thereof, if prior to
such extension the Stated Expiry Date was prior to the Commitment Termination Date). The Issuer shall not be required to issue or extend the Stated Expiry Date of any Subfacility Letter of Credit if, after giving effect thereto, (1) the sum of
the aggregate amount of all Revolving Loans, Swing Line Loans and Total Letter of Credit Outstandings would exceed the Borrowing Base at such time, and (2) the aggregate amount of all Subfacility Letter of Credit Outstandings plus all Standby
Letter of Credit Outstandings would exceed the Letter of Credit Limit. For the avoidance of doubt, no Stated Expiry Date shall in any event extend beyond the date which is one year after the Commitment Termination Date, even if the applicable Letter
of Credit is fully Cash Collateralized. In no event shall the term “Subfacility Letter of Credit” as used in this Agreement be deemed to include any Standby Letter of Credit. 

(c) [Intentionally deleted]. 
 (d) In connection with Inventory purchased with Subfacility Letters of Credit, Borrowers and Guarantors shall, at Agent’s request, instruct all suppliers, carriers, forwarders, customs brokers,
warehouses or others receiving or holding cash, checks, Inventory, documents or instruments in which Agent holds a security interest to deliver them to the applicable Agent and/or subject to Agent’s order, and if they shall come into such
Borrower’s or Guarantor’s possession, to deliver them, upon Agent’s request, to Agent in their original form. Borrowers and Guarantors shall also, at Agent’s request, designate Agent as the consignee on all bills of lading and
other negotiable and non-negotiable documents. 
 (e) All Existing Letters of Credit listed in Part I of
Item 7.2.2(a) of the Disclosure Schedule shall be deemed to have been issued as Subfacility Letters of Credit under this Agreement, shall constitute a Subfacility Letter of Credit and shall be governed by, and participated in by the Lenders
pursuant to, the terms of this Agreement. 
 (f) Any payments made by or on behalf of Agent or any Lender to any
issuer thereof and/or related parties in connection with the Subfacility Letters of Credit provided to or for the benefit of a Borrower shall first constitute Revolving Loans (or Special Agent Advances, as the case may be) in accordance with
Section 2.1.1 hereof. 

  
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 SECTION 2.1.3 Standby Letter of Credit Commitment. 

(a) From time to time on any Business Day occurring from and after the Closing Date but prior to the Commitment
Termination Date, the Issuer agrees that it will 
 (i) issue one or more standby letters of credit (relative to
such Issuer, its “Standby Letter of Credit”) for the account of any Borrower or any Guarantor in the Stated Amount requested by such Borrower or Guarantor (or the Administrative Borrower on behalf of such Borrower or Guarantor) on such
day; provided that (A) Standby Letters of Credit shall be issued only to support workers compensation obligations and bankers acceptances and performance bonds, surety bonds, appeal bonds and performance guarantees of a Borrower or any
Guarantor, in each case, in the furtherance of the businesses of Winn-Dixie and its Subsidiaries permitted pursuant to Section 7.2.1 hereof, (B) the aggregate principal amount of Revolving Loans, Swing Line Loans and Total Letter of Credit
Outstandings outstanding at any time shall not exceed the Borrowing Base at such time and (C) the aggregate principal amount of Standby Letter of Credit Outstandings to all Borrowers and Guarantors at any time, plus the Subfacility Letter of
Credit Outstandings shall not exceed the Letter of Credit Limit; or 
 (ii) extend the Stated Expiry Date of an
existing Standby Letter of Credit previously issued hereunder. 
 (b) No Stated Expiry Date shall extend beyond
the earlier of (A) the Commitment Termination Date and (B) one year from the date of initial issuance or, if applicable, most recent extension, in each case unless otherwise agreed to by the Issuer in its sole discretion; provided that in
the case of a Stated Expiry Date that extends beyond the Commitment Termination Date, such Standby Letter of Credit is fully Cash Collateralized in a manner satisfactory to the Issuer on the date of its issuance (or extension, if prior to such
extension the Stated Expiry Date was prior to the Commitment Termination Date). The Issuer shall not be required to issue or extend the Stated Maturity Date of any Standby Letter of Credit if, after giving effect thereto, (1) the aggregate
amount of all Standby Letter of Credit Outstandings plus the Subfacility Letter of Credit Outstandings would exceed the Letter of Credit Limit or (2) the sum of the aggregate amount of the Total Letter of Credit Outstandings plus the aggregate
principal amount of all Revolving Loans and Swing Line Loans then outstanding would exceed the lesser of (x) the Borrowing Base at such time or (y) the Maximum Credit. For the avoidance of doubt, no Stated Expiry Date shall in any event
extend beyond the date which is one year after the Commitment Termination Date, even if the applicable Letter of Credit is fully Cash Collateralized. 
 (c) [Intentionally deleted]. 
 (d) The Issuer shall not be required
to issue any Standby Letter of Credit if it is to be used other than as set forth in Section 2.1.3(a)(i)(A) hereof. 

  
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 (e) All Existing Letters of Credit listed in Part II of Item 7.2.2(a)
of the Disclosure Schedule shall be deemed to have been issued as Standby Letters of Credit under this Agreement, shall constitute a Standby Letter of Credit and shall be and shall be governed by, and participated in by the Lenders pursuant to, the
terms of this Agreement. 
 (f) Any payments made by or on behalf of Agent or any Lender to any issuer thereof
and/or related parties in connection with the Standby Letters of Credit provided to or for the benefit of a Borrower shall first constitute additional Revolving Loans (or in any event Special Agent Advances as the case may be) in accordance with
Section 2.1.1 hereof. 
 SECTION 2.2 Increase and Reduction of Maximum Credit. 

SECTION 2.2.1 Option to Increase the Maximum Credit. 

(a) Administrative Borrower may, at any time, deliver a written request to Agent to increase the Maximum Credit. Any such
written request shall specify the amount of the increase in the Maximum Credit that Administrative Borrower is requesting, provided, that, (i) in no event shall the aggregate amount of any such increase in the Maximum Credit cause
the Maximum Credit to exceed $700,000,000 (less the amount of any reduction in the Maximum Credit under Section 2.2.2 hereof), (ii) any such request shall be for an increase of not less than $25,000,000, (iii) any such request shall
be irrevocable, and (iv) in no event shall more than three (3) such written requests be delivered to Agent during the term of this Agreement. 
 (b) Upon the receipt by Agent of any such written request, Agent shall notify each of the Lenders of such request. Agent may seek increases in Revolving Loan Commitments from Lenders or new Revolving Loan
Commitments from such Eligible Assignees as it may determine, in each case after consultation with Administrative Borrower. In the event that the Lenders and any such Eligible Assignees, as the case may be, have committed in writing to provide
increases in their Revolving Loan Commitments or new Revolving Loan Commitments, as the case may be, in an aggregate amount in excess of the increase in the Maximum Credit requested by Administrative Borrower or permitted hereunder, Agent shall then
have the right to allocate such increased or new Revolving Loan Commitments to accomplish the increase in the Maximum Credit requested by Administrative Borrower in such amounts and manner as Agent may determine, after consultation with
Administrative Borrower. No Lender shall be obligated to provide such increase in its Revolving Loan Commitments and the determination to increase the Revolving Loan Commitment of a Lender shall be within the sole and absolute discretion of such
Lender. 
 (c) The Maximum Credit shall be increased by the amount of the increase in Revolving Loan Commitments
from Lenders or new Revolving Loan Commitments from Eligible Assignees, in each case selected in accordance with Section 2.2.1(b) hereof, for which Agent has received a Lender Assignment Agreement (or other agreements acceptable to Agent)
within thirty (30) days after the date of the request by Administrative Borrower for the increase or such earlier date as Agent and Administrative Borrower may agree (but in each case subject to the satisfaction of the conditions set forth
below), whether or not the aggregate amount of the increase in Revolving Loan Commitments and new Revolving Loan Commitments, as the case may be, equal or exceed the amount of the increase in the Maximum Credit requested by Administrative Borrower
in accordance with the terms hereof, effective on the date that each of the following conditions have been satisfied: 

  
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 (i) Agent shall have received from each Lender that is providing an
additional Revolving Loan Commitment or Eligible Assignee that is providing a new Revolving Loan Commitment as part of the increase in the Maximum Credit a Lender Assignment Agreement (or other agreement acceptable to Agent), duly executed by such
Lender or Eligible Assignee and Administrative Borrower, provided, that, the aggregate Revolving Loan Commitments set forth in such Lender Assignment Agreement(s) shall be not less than $5,000,000; 

(ii) the conditions precedent to the making of Loans set forth in Section 5.3.1 hereof shall be satisfied as of the
date of the increase in the Maximum Credit, both before and after giving effect to such increase; 
 (iii) Agent
shall have received, in form and substance reasonably satisfactory to Agent in good faith, a certificate of the Chief Financial Officer of Administrative Borrower certifying, among other things, that after giving effect to any such increase in the
Maximum Credit, the performance of the terms and conditions of this Agreement and the other Loan Documents and the incurrence of Obligations by Borrowers and Guarantors (1) are within each Borrower’s and Guarantor’s corporate or
limited liability company powers, (2) have been duly authorized by each Borrower and Guarantor, (3) are not prohibited by the Qualified Debt Offering Documents (to the extent then in effect) and that after giving effect to such increase,
this Agreement shall continue to be a “Credit Facility” (or such other comparable term) for all purposes under the Qualified Debt Offering Documents, as applicable, (4) are not in contravention of law or the terms of any
Borrower’s or Guarantor’s Organic Documents, or any indenture (including any indenture related to a Qualified Debt Offering), agreement or undertaking to which any Borrower or Guarantor is a party or by which any Borrower or Guarantor or
its property are bound, and (5) will not result in the creation or imposition of, or require or give rise to any obligation to grant, any lien, security interest, charge or other encumbrance upon any property of any Borrower or Guarantor, other
than the liens in favor of Agent; 
 (iv) Agent shall have received, in form and substance and from counsel
satisfactory to Agent in good faith, an opinion of counsel to Borrowers and Guarantors as to no conflicts with agreements governing other Indebtedness of Borrowers and Guarantors and such other matters as Agent may reasonably request and such
counsel shall agree; 
 (v) such increase in the Maximum Credit on the date of the effectiveness thereof shall
not violate any applicable law, regulation or order or decree of any court or other Governmental Authority and shall not be enjoined, temporarily, preliminarily or permanently; and 

(vi) in connection with such increase in the Maximum Credit, Agent shall have received for the account of each Lender
providing an additional Revolving Loan Commitment and each Eligible Assignee providing a new Revolving Loan Commitment (in accordance with the arrangements by and among Agent and each such Lender or Eligible Assignee), a closing fee in the
percentage set forth in Section 1 of the Fee Letter with respect to the increased amount of the Maximum Credit and all other fees and expenses (including reasonable fees and expenses of counsel) in each case due and payable to such Person on or
before the effectiveness of such increase; 

  
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 (d) As of the effective date of any such increase in the Maximum Credit,
(i) each reference to the term “Maximum Credit” herein and in any of the other Loan Documents shall be deemed to have been amended to mean the amount of the Maximum Credit specified in the most recent written notice from Agent to
Administrative Borrower of the increase in the Maximum Credit, and (ii) Schedule II hereto shall be deemed to have been amended to reflect the Commitments and Percentages of each Lender and each Eligible Assignee providing a new Revolving Loan
Commitment (if any) after giving effect to such increase in the Maximum Credit; and 
 (e) Effective on the date
of each increase in the Maximum Credit pursuant to this Section 2.2.1, (i) each reference in this Agreement to an amount of Excess Availability (including in Section 7.2.4 hereof) shall, automatically and without any further action,
be deemed to be increased so that the ratio of each amount of Excess Availability to the amount of the Maximum Credit after such increase in the Maximum Credit remains the same as the ratio of such the amount of Excess Availability to the amount of
the Maximum Credit prior to such increase in the Maximum Credit, (ii) the Swing Line Loan Limit may be increased so that the ratio of such limit to the Maximum Credit as so increased remains the same as prior to such increase in the Maximum
Credit, (iii) each of the maximum dollar sub-limits contained in each of clauses (a)(i)(B) through (D) of the definition of Borrowing Base shall be increased so that the respective ratios of such dollar sub-limits to the Maximum Credit as
so increased remain the same as prior to such increase in the Maximum Credit and (iv) only upon the consent of the Required Supermajority Lenders, the maximum dollar sub-limit contained in clause (a)(i)(E) of the definition of Borrowing Base
shall be increased so that the ratio of such dollar sub-limit to the Maximum Credit as so increased remains the same as prior to such increase in the Maximum Credit. 

SECTION 2.2.2 Reduction of Maximum Credit, Swing Line Loan Limit and Letter of Credit Limit. 

(a) Optional. Winn-Dixie may, from time to time on any Business Day occurring after the Closing Date, voluntarily reduce
the Maximum Credit, the Swing Line Loan Limit, or the unutilized Letter of Credit Limit on the Business Day so specified by Winn-Dixie without premium or penalty (subject to Section 4.4 hereof); provided, however, that (i) all such
reductions shall require at least one Business Day’s prior notice to Agent and shall be permanent, (ii) any partial reduction of (A) the Maximum Credit shall be in a minimum amount of $5,000,000 and in an integral multiple of
$1,000,000, and (B) the Swing Line Loan Limit shall be in a minimum amount of $1,000,000 and in an integral multiple of $100,000, and (iii) in no event shall any such reductions result in the reduction of the Maximum Credit to an amount
less than $400,000,000. As of the effective date of any reduction in the Maximum Credit, each reference to the term “Maximum Credit” herein and in any of the other Loan Documents shall be deemed to have been amended to mean the amount of
the Maximum Credit specified in the most recent written notice from Agent to Administrative Borrower of the reduction in the Maximum Credit. As of the effective date of any reduction in the Swing Line Loan Limit or Letter of Credit Limit, each
reference to the terms “Swing Line Loan Limit” and “Letter of Credit Limit”, as applicable, herein and in any of the other Loan Documents shall be deemed to have been amended to mean the amount of the Swing Line Loan Limit or
Letter of Credit Limit, as applicable, specified in the most recent written notice from Agent to Administrative Borrower of the reduction in the Swing Line Loan Limit or Letter of Credit Limit, as applicable. 

  
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 (b) Mandatory. The Maximum Credit shall, without any further action,
automatically and permanently be reduced on the Commitment Termination Date so that the Maximum Credit equals $0. 
 SECTION 2.3
Borrowing Procedures. Loans (other than Swing Line Loans) shall be made by the Lenders in accordance with Section 2.3.1 hereof, and Swing Line Loans shall be made by the Swing Line Lender in accordance with Section 2.3.2 hereof.

 SECTION 2.3.1 Borrowing Procedure. In the case of Loans other than Swing Line Loans, by delivering a
Borrowing Request to Agent on or before 12:00 noon (New York time) on a Business Day, a Borrower (or the Administrative Borrower on behalf of such Borrower) may from time to time irrevocably request, on the same day as the proposed Borrowing in the
case of Base Rate Loans, or three (3) Business Days’ notice in the case of LIBO Rate Loans, and in either case not more than five (5) Business Days’ notice, that a Borrowing be made, in the case of LIBO Rate Loans, in a minimum
amount of $5,000,000 and an integral multiple of $1,000,000, in the case of Base Rate Loans, in a minimum amount of $5,000,000 and an integral multiple of $500,000 or, in either case, in the unused amount of the applicable Commitment. On the terms
and subject to the conditions of this Agreement, each Borrowing shall be comprised of the type of Loans, and shall be made on the Business Day, specified in such Borrowing Request. In the case of LIBO Rate Loans, on or before 11:00 a.m. (New York
time), and in the case of Base Rate Loans other than Swing Line Loans, on or before 3:00 p.m. (New York time), on such specified Business Day each Lender that has a Commitment to make the Loans being requested shall deposit with Agent same day funds
in an amount equal to such Lender’s Percentage of the requested Borrowing. Such deposit will be made to an account which Agent shall specify from time to time by notice to the Lenders. To the extent funds are received from the Lenders, Agent
shall make such funds available to the applicable Borrower by wire transfer to the accounts such Borrower shall have specified in its Borrowing Request. No Lender’s obligation to make any Loan shall be affected by any other Lender’s
failure to make any Loan. 

  
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 SECTION 2.3.2 Swing Line Loans. 

(a) By telephonic notice to the Swing Line Lender on or before 12:00 noon (New York time) on a Business Day (followed (on
the same Business Day) by the delivery of a confirming Borrowing Request), a Borrower (or the Administrative Borrower on such Borrower’s behalf) may from time to time irrevocably request that Swing Line Loans be made by the Swing Line Lender in
an aggregate minimum principal amount of $500,000 and an integral multiple of $100,000. All Swing Line Loans shall be made as Base Rate Loans and shall not be entitled to be converted into LIBO Rate Loans. The proceeds of each Swing Line Loan shall
be made available by the Swing Line Lender to the applicable Borrower by wire transfer to the account such Borrower shall have specified in its notice therefor by the close of business on the Business Day telephonic notice is received by the Swing
Line Lender. Agent shall be entitled to rely upon any certification, notice or other communication permitted to be made by telephone hereunder and Section 3.1.1(b)(ii) hereof believed by it to be genuine and correct. Borrowers shall not request
(and shall not be permitted to request) any Swing Line Loans when any Default has occurred and is continuing. 

(b) If (i) any Swing Line Loan shall be outstanding for more than four (4) Business Days, (ii) any Swing
Line Loan is or will be outstanding on a date when a Borrower requests that a Revolving Loan be made, or (iii) any Default shall occur and be continuing, then each Lender (other than the Swing Line Lender) irrevocably agrees that it will, at
the request of the Swing Line Lender (and the Swing Line Lender agrees to make such request by the fifth Business Day that any Swing Line Loan is outstanding), (A) make a Revolving Loan (which shall initially be funded as a Base Rate Loan) in
an amount equal to such Lender’s Percentage of the aggregate principal amount of all such Swing Line Loans then outstanding or (B) if, for any reason, it cannot make a Revolving Loan, purchase a participation in an amount equal to such
Lender’s Percentage of the aggregate principal amount of all Swing Line Loans outstanding (in either case, such outstanding Swing Line Loans hereinafter referred to as the “Refunded Swing Line Loans”). On or before 11:00 a.m. (New
York time) on the first Business Day following receipt by each Lender of a request to make Revolving Loans as provided in the preceding sentence, each Lender shall deposit in an account specified by the Swing Line Lender the amount so requested in
same day funds and such funds shall be applied by the Swing Line Lender to repay the Refunded Swing Line Loans. At the time the Lenders make the above referenced Revolving Loans the Swing Line Lender shall be deemed to have made, in consideration of
the making of the Refunded Swing Line Loans, Revolving Loans in an amount equal to the Swing Line Lender’s Percentage of the aggregate principal amount of the Refunded Swing Line Loans. Upon the making (or deemed making, in the case of the
Swing Line Lender) of any Revolving Loans pursuant to this clause, the amount so funded shall become an outstanding obligation to each Lender and shall no longer be owed to the Swing Line Lender. All interest payable with respect to any Revolving
Loans made (or deemed made, in the case of the Swing Line Lender) pursuant to this clause shall be appropriately adjusted to reflect the period of time during which the Swing Line Lender had outstanding Swing Line Loans in respect of which such
Revolving Loans were made. Each Lender’s obligation to make the Revolving Loans (or purchase participations) referred to in this clause shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any
set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender, any Obligor or any Person for any reason whatsoever; (ii) the occurrence or continuance of any Default; (iii) any adverse
change in the condition (financial or otherwise) of any Obligor; (iv) the acceleration or maturity of any Obligations or the termination of any Commitment after the making of any Swing Line Loan; (v) any breach of any Loan Document by any
Person; or (vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

  
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 SECTION 2.4 Continuation and Conversion Elections. By delivering a Continuation/
Conversion Notice to Agent on or before 11:00 a.m. (New York time) on a Business Day, a Borrower (or the Administrative Borrower on such Borrower’s behalf) may from time to time irrevocably elect, on not less than one Business Day’s notice
in the case of conversions to or continuations of Base Rate Loans, or three (3) Business Days’ notice in the case of conversions to or continuations of LIBO Rate Loans, and in either case not more than five (5) Business Days’
notice, that all, or any portion in an aggregate minimum amount of $5,000,000 and an integral multiple of $1,000,000 be, in the case of Base Rate Loans, converted into LIBO Rate Loans or be, in the case of LIBO Rate Loans, converted into Base Rate
Loans or continued as LIBO Rate Loans (in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBO Rate Loan at least three (3) Business Days (but not more than five (5) Business Days) before the last day of the
then current Interest Period with respect thereto, such LIBO Rate Loan shall, on such last day, automatically convert to a Base Rate Loan); provided, however, that (x) each such conversion or continuation shall be pro rated among the applicable
outstanding Loans of all Lenders that have made such Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBO Rate Loans when any Default has occurred and is continuing unless
Agent otherwise agrees. 
 SECTION 2.5 Funding. Each Lender may, if it so elects, fulfill its obligation to make,
continue or convert LIBO Rate Loans hereunder by causing one of its foreign branches or Affiliates (or an international banking facility created by such Lender) to make or maintain such LIBO Rate Loan; provided, however, that such LIBO Rate Loan
shall nonetheless be deemed to have been made and to be held by such Lender, and the obligation of a Borrower to repay such LIBO Rate Loan shall nevertheless be to such Lender for the account of such foreign branch, Affiliate or international
banking facility. In addition, each Borrower hereby consents and agrees that, for purposes of any determination to be made for purposes of Section 4.1, 4.2, 4.3 or 4.4 hereof, it shall be conclusively assumed that each Lender elected to fund
all LIBO Rate Loans by purchasing Dollar deposits in its LIBOR Office’s interbank eurodollar market. 
 SECTION 2.6
Issuance Procedures. By delivering to Agent an Issuance Request on or before 11:00 a.m. (New York time) on a Business Day, a Borrower (or the Administrative Borrower on such Borrower’s behalf) may from time to time irrevocably request on
not less than three nor more than ten (10) Business Days’ notice, in the case of an initial issuance of a Letter of Credit and not less than three (3) Business Days’ prior notice, in the case of a request for the extension of the
Stated Expiry Date of an outstanding Letter of Credit (in each case, unless a shorter notice period is agreed to by the Issuer, in its sole discretion), that the Issuer issue, or extend the Stated Expiry Date of, a Letter of Credit in a minimum
amount of $25,000 in such form as may be requested by such Borrower and approved by such Issuer, solely for the purposes described in Section 7.1.7 hereof. Each Letter of Credit shall by its terms be stated to expire on a date (its “Stated
Expiry Date”) no later than the earlier to occur of (a) the Commitment Termination Date or (b) one year from the date of its initial issuance or extension, in each case unless otherwise agreed to by the Issuer in its sole discretion;
provided that in the case of a Stated Expiry Date that extends beyond the Commitment Termination Date, such Letter of Credit is fully Cash Collateralized in a manner satisfactory to the Issuer on the date of its issuance (or extension, if prior to
such extension the Stated Expiry Date was prior to the Commitment Termination Date). Each Issuer will make available to the beneficiary thereof the original of the Letter of Credit which it issues. 

  
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 SECTION 2.6.1 Other Lenders’ Participation. Upon the issuance of
each Letter of Credit, and without further action, each Lender (other than such Issuer) shall be deemed to have irrevocably purchased, to the extent of its Percentage, a participation interest in such Letter of Credit (including the Contingent
Liability and any Reimbursement Obligation with respect thereto), and such Lender shall, to the extent of its Percentage, be responsible for reimbursing within one (1) Business Day the Issuer for Reimbursement Obligations which have not been
reimbursed by Borrowers in accordance with Section 2.6.2 hereof or which have been required to be returned or disgorged by the Issuer or Agent. In addition, such Lender shall, to the extent of its Percentage, be entitled to receive a ratable
portion of the Subfacility Letter of Credit fees payable pursuant to Section 3.3.3 hereof with respect to each Subfacility Letter of Credit or the Standby Letter of Credit fees payable pursuant to Section 3.3.4 hereof with respect to each
Standby Letter of Credit (in each case other than the Fronting Fee), and of interest payable pursuant to Section 3.2 hereof with respect to any Reimbursement Obligation. To the extent that any Lender has reimbursed any Issuer for a
Disbursement, such Lender shall be entitled to receive its ratable portion of any amounts subsequently received (from Borrowers or otherwise) in respect of such Disbursement. 

SECTION 2.6.2 Disbursements. The Issuer will notify the Administrative Borrower and Agent promptly of the
presentment for payment of any Letter of Credit issued by the Issuer, together with notice of the date (the “Disbursement Date”) such payment shall be made (each such payment, a “Disbursement”). Subject to the terms and
provisions of such Letter of Credit and this Agreement, the Issuer shall make such payment to the beneficiary (or its designee) of such Letter of Credit. Prior to 11:00 a.m. (New York time) on the first Business Day following the Disbursement Date,
the applicable Borrower will reimburse Agent, for the account of the applicable Issuer, for all amounts which the Issuer has disbursed under such Letter of Credit together with interest thereon at a rate per annum equal to the rate per annum then in
effect for Base Rate Loans pursuant to Section 3.2 hereof for the period from the Disbursement Date through the date of such reimbursement. Without limiting in any way the foregoing and notwithstanding anything to the contrary contained herein
or in any separate application for any Letter of Credit, each Borrower hereby acknowledges and agrees that it shall be obligated to reimburse the Issuer upon each Disbursement of a Letter of Credit, and it shall be deemed to be the obligor for
purposes of each such Letter of Credit issued hereunder (whether the account party on such Letter of Credit is a Borrower or a Guarantor). 

  
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 SECTION 2.6.3 Reimbursement. The obligation (a “Reimbursement
Obligation”) of each Borrower under Section 2.6.2 hereof to reimburse the Issuer with respect to each Disbursement (including interest thereon), and, upon the failure of a Borrower to reimburse the Issuer (or upon the disgorgement of any
amounts theretofore reimbursed by a Borrower), each Lender’s obligation under Section 2.6.1 hereof to reimburse the Issuer, shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or
defense to payment which any Borrower or such Lender, as the case may be, may have or have had against the Issuer or any Lender, including any defense based upon the failure of any Disbursement to conform to the terms of the applicable Letter of
Credit (if, in the Issuer’s good faith opinion, such Disbursement is determined to be appropriate), or any non-application or misapplication by the beneficiary of the proceeds of such Letter of Credit; provided, however, that after paying in
full its Reimbursement Obligation hereunder, nothing herein shall adversely affect the right of any Borrower or such Lender, as the case may be, to commence any proceeding against the Issuer for any wrongful Disbursement made by the Issuer under a
Letter of Credit as a result of acts or omissions constituting gross negligence or willful misconduct on the part of the Issuer. 
 SECTION 2.6.4 Deemed Disbursements. Upon the occurrence and during the continuation of any Event of Default under Section 8.1.10 hereof or upon notification by Agent (acting at the direction
of the Required Lenders) to any Borrower of its obligations under this Section, following the occurrence and during the continuation of any other Event of Default, 

(a) the aggregate Stated Amount of all Letters of Credit shall, without demand upon or notice to any Borrower or any other
Person, be deemed to have been paid or disbursed by the Issuer of such Letters of Credit (notwithstanding that such amount may not in fact have been paid or disbursed); and 

(b) such Borrower shall be immediately obligated to reimburse the Issuer for the amount deemed to have been so paid or
disbursed by such Issuer. 
 Amounts payable by such Borrower pursuant to this Section shall be deposited in immediately available funds with
Agent and held as collateral security for the Reimbursement Obligations. When all Events of Default giving rise to the deemed disbursements under this Section have been cured or waived Agent shall promptly return to such Borrower all amounts then on
deposit with Agent pursuant to this Section which have not been applied to the satisfaction of the Reimbursement Obligations or other Obligations. 
 SECTION 2.6.5 Nature of Reimbursement Obligations. Each Borrower, each other Obligor and, to the extent set forth in Section 2.6.1 hereof as to each Lender’s participation interest in
such Letter of Credit, each Lender shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. The Issuer (except to the extent of its own gross negligence, lack of good faith or willful misconduct)
shall not be responsible for: 
 (a) the form, validity, sufficiency, accuracy, genuineness or legal effect of
any Letter of Credit or any document submitted by any party in connection with the application for and issuance of a Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or
forged; 

  
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 (b) the form, validity, sufficiency, accuracy, genuineness or legal effect
of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit, or the rights or benefits thereunder or the proceeds thereof in whole or in part, which may prove to be invalid or ineffective for any reason;

 (c) failure of the beneficiary to comply fully with conditions required in order to demand payment under a
Letter of Credit; 
 (d) errors, omissions, interruptions or delays in transmission or delivery of any messages,
by mail, cable, telegraph, telex or otherwise; or 
 (e) any loss or delay in the transmission or otherwise of
any document or draft required in order to make a Disbursement under a Letter of Credit. 
 None of the foregoing shall affect, impair or
prevent the vesting of any of the rights or powers granted to any Issuer or any Lender hereunder. In furtherance and not in limitation or derogation of any of the foregoing, any action taken or omitted to be taken by the Issuer in good faith and
without gross negligence or willful misconduct shall be binding upon each Obligor and each such Secured Party, and shall not put the Issuer under any resulting liability to any Obligor or any Secured Party, as the case may be. In any event, if any
Obligor fails to object with specificity in writing to any draw under a Letter of Credit, by the close of business on the Business Day following the date notice of such draw is received by a Borrower from the Issuer, such Obligor shall be deemed to
have waived any objection to the same. 
 SECTION 2.7 Register. 

(a) Each Lender may maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of
each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder; provided, however, that the failure of any Lender to maintain
such account or accounts shall not limit or otherwise affect any Obligations of any Borrower or any other Obligor. 
 (b) Each Borrower hereby designates Agent to serve as such Borrower’s agent, solely for the purpose of this subsection (b), to maintain a register (the “Register”) on which Agent will
record each Lender’s Commitment, the Loans made by each Lender and each repayment in respect of the principal amount of the Loans of each Lender and annexed to which Agent shall retain a copy of each Lender Assignment Agreement delivered to
Agent pursuant to Section 10.11.1 hereof. Failure to make any recordation, or any error in such recordation, shall not affect any Borrower’s obligation in respect of such Loans. The entries in the Register shall be conclusive, in the
absence of manifest error, and each Borrower, Agent and the Lenders shall treat each Person in whose name a Loan is registered as the owner thereof for all purposes of this Agreement, notwithstanding notice or any provision herein to the contrary. A
Lender’s Commitment and the Loans made pursuant thereto may be assigned or otherwise transferred in whole or in part only by registration of such assignment or transfer in the Register. Any assignment or transfer of a Lender’s Commitment
or the Loans made pursuant thereto shall be registered in the Register only upon delivery to Agent of a Lender Assignment Agreement duly executed by the Assignor Lender thereof (and a Borrower, when its consent is required hereunder). No assignment
or transfer of a Lender’s Commitment or the Loans made pursuant thereto shall be effective unless such assignment or transfer shall have been recorded in the Register by Agent as provided in this Section 2.7. 

  
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 SECTION 2.8 Joint and Several Liability. All Borrowers shall be jointly and severally
liable for all amounts due to Agent and Lenders under this Agreement and the other Loan Documents, regardless of which Borrower actually receives the Loans or Letter of Credit Outstandings hereunder or the amount of such Loans received or the manner
in which Agent or any Lender accounts for such Loans, Letter of Credit Outstandings or other extensions of credit on its books and records. All references herein or in any of the other Loan Documents to any of the obligation of Borrowers to make any
payment hereunder or thereunder shall constitute joint and several obligations of Borrowers. The Obligations with respect to Loans made to a Borrower, and the Obligations arising as a result of the joint and several liability of a Borrower
hereunder, with respect to Loans made to the other Borrowers, shall be separate and distinct obligations, but all such other Obligations shall be primary obligations of all Borrowers. The Obligations arising as a result of the joint and several
liability of a Borrower hereunder with respect to Loans, Letter of Credit Outstandings or other extensions of credit made to the other Borrowers shall, to the fullest extent permitted by law, be unconditional irrespective of (a) the validity or
enforceability, avoidance or subordination of the Obligations of the other Borrowers or of any promissory note or other document evidencing all or any part of the Obligations of the other Borrowers, (b) the absence of any attempt to collect the
Obligations from the other Borrowers, any Guarantor or any other security therefor, or the absence of any other action to enforce the same, (c) the waiver, consent, extension, forbearance or granting of any indulgence by Agent or any Lender
with respect to any provisions of any instrument evidencing the Obligations of the other Borrowers, or any part thereof, or any other agreement now or hereafter executed by the other Borrowers and delivered to Agent or any Lender, (d) the
failure by Agent or any Lender to take any steps to perfect and maintain its security interest in, or to preserve its rights and maintain its security or collateral for the Obligations of the other Borrowers, (e) the election of Agent and
Lenders in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b)(2) of the Bankruptcy Code, (f) the disallowance of all or any portion of the claim(s) of Agent or any Lender for the repayment of the
Obligations of the other Borrowers under Section 502 of the Bankruptcy Code, or (g) any other circumstances which might constitute a legal or equitable discharge or defense of a Guarantor or of the other Borrowers other than the gross
negligence or willful misconduct of Agent or a Lender as determined pursuant to a final non-appealable order of a court of competent jurisdiction. With respect to the Obligations arising as a result of the joint and several liability of a Borrower
hereunder with respect to Loans, Letter of Credit Outstandings or other extensions of credit made to the other Borrowers hereunder, each Borrower waives, until the Obligations shall have been paid in full and this Agreement shall have been
terminated, any right to enforce any right of subrogation or any remedy which Agent or any Lender now has or may hereafter have against any Borrower or Guarantor and any benefit of, and any right to participate in, any security or collateral given
to Agent or any Lender. Upon any Event of Default, and for so long as such Event of Default is continuing, Agent may proceed directly and at once, without notice, against any Borrower to collect and recover the full amount, or any portion of the
Obligations, without first proceeding against the other Borrowers or any other Person, or against any security or collateral for the Obligations. Each Borrower consents and agrees that Agent and Lenders shall be under no obligation to marshall any
assets in favor of Borrowers or against or in payment of any or all of the Obligations. Each Borrower shall have a right of contribution against the other Borrowers to the extent payments made by such Borrower exceed the amount of Credit Extensions
and related Obligations directly obtained by such Borrower. 

  
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 ARTICLE III 
 REPAYMENTS, PREPAYMENTS, INTEREST AND FEES 
 SECTION 3.1 Repayments and
Prepayments. Each Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms. 
 SECTION 3.1.1 Repayments and Prepayments. 
 (a) Each
Borrower shall repay in full the unpaid principal amount of each Loan upon the applicable Stated Maturity Date therefor. Prior thereto, payments and prepayments of the Loans shall or may be made as set forth below. 

(b) At any time and from time to time on any Business Day, each Borrower shall have the right to make a voluntary
prepayment without premium or penalty (subject to Section 4.4 hereof), in whole or in part, of the outstanding principal amount of any 
 (i) Revolving Loans; provided, however, that (A) all such prepayments shall be made pro rata among the Revolving Loans of the same type and, if applicable, having the same Interest Period of all
Lenders that have made such Revolving Loans; (B) all such voluntary prepayments shall require at least one but no more than five (5) Business Days’ prior notice to Agent; and (D) all such voluntary partial prepayments shall be,
in the case of LIBO Rate Loans, in an aggregate minimum amount of $5,000,000 and an integral multiple of $1,000,000 and, in the case of Base Rate Loans, in an aggregate minimum amount of $1,000,000 and an integral multiple of $100,000; and

 (ii) Swing Line Loans; provided that (A) all such voluntary prepayments shall require prior telephonic
notice to the Swing Line Lender on or before 1:00 p.m. (New York time) on the day of such prepayment (such notice to be confirmed in writing within 24 hours thereafter); and (B) all such voluntary partial prepayments shall be in an aggregate
minimum amount of $200,000 and an integral multiple of $100,000. 
 (c) So long as no Cash Management Event has
occurred and is continuing, within five (5) Business Days after any Borrower or any of its Subsidiaries realizes any Net Disposition Proceeds in excess of $4,000,000 (for an individual Disposition or collectively for a related series of
Dispositions) or any Net Sale and Leaseback Proceeds, Borrowers shall make a mandatory prepayment of Revolving Loans or Swing Line Loans (or both) in an aggregate amount equal to the amount of such Net Sale and Leaseback Proceeds or Net Disposition
Proceeds if any such Revolving Loans or Swing Line Loans are then outstanding; provided, that, if the making of such prepayment would result in the breakage of any Interest Period, Borrowers may make such prepayment at the end of the
then applicable Interest Period. If an Event of Default has occurred and is continuing, any Net Sale and Leaseback Proceeds or Net Disposition Proceeds realized by any Borrower or any of its Subsidiaries shall be applied in accordance with
Section 8.4 hereof. 

  
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 (d) Immediately upon any acceleration of the Stated Maturity Date of any
Loans pursuant to Section 8.2 or Section 8.3 hereof, each Borrower shall repay all the Loans, unless, pursuant to Section 8.3 hereof, only a portion of all the Loans is so accelerated (in which case the portion so accelerated shall be
so repaid). 
 (e) Each prepayment of any Loans made pursuant to this Section shall be without premium or
penalty, except as may be required by Section 4.4 hereof. 
 SECTION 3.2 Interest Provisions. Interest on the
outstanding principal amount of Loans shall accrue and be payable in accordance with the terms set forth below. 

SECTION 3.2.1 Rates. Subject to Section 2.3.2 hereof, pursuant to an appropriately delivered Borrowing Request
or Continuation/Conversion Notice, Administrative Borrower may elect that Loans comprising a Borrowing accrue interest as either a Base Rate Loan or LIBO Rate Loan as follows: 

(a) Revolving Loans comprising a Borrowing accrue interest at a rate per annum: 

(i) on that portion maintained from time to time as a Base Rate Loan, equal to the sum of the Alternate Base Rate from
time to time in effect plus the then Applicable Margin on a per annum basis for Revolving Loans that are Base Rate Loans; and 
 (ii) on that portion maintained as a LIBO Rate Loan, during each Interest Period applicable thereto, equal to the sum of the LIBO Rate (Reserve Adjusted) for such Interest Period plus the then Applicable
Margin on a per annum basis for Revolving Loans that are LIBO Rate Loans; and 
 (b) All LIBO Rate Loans shall
bear interest from and including the first day of the applicable Interest Period to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such LIBO Rate Loan. 

SECTION 3.2.2 Default Rates. Upon the occurrence and during the continuance of an Event of Default, if demanded by
Agent at its option or at the direction of the Required Lenders (or automatically in the case of the occurrence of an event described in Section 8.1.10 hereof), Borrowers shall pay to the extent permitted by law: 

  
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 (a) in the case of LIBO Rate Loans only, (i) interest (after as well as
before judgment) on the principal amount of all outstanding LIBO Rate Loans at a rate per annum equal to the LIBO Rate (Reserve Adjusted) from time to time in effect, plus, in the case of Revolving Loans, the sum of the then Applicable Margin for
Revolving Loans that are LIBO Rate Loans plus two (2%) percent per annum until the expiration of the applicable Interest Period in effect at such time, and (ii) thereafter, in accordance with subsection (b) of this Section 3.2.2;
and 
 (b) in the case of Base Rate Loans, Swing Line Loans and all other amounts payable under this Agreement,
interest (after as well as before judgment) on (i) the principal amount of all outstanding Loans, (ii) all unpaid interest and fees payable hereunder and (iii) any other amounts due and payable, in each case at a rate per annum equal
to the Alternate Base Rate from time to time in effect, plus in the case of Revolving Loans, the sum of the then Applicable Margin for Revolving Loans that are Base Rate Loans plus two (2%) percent per annum. 

SECTION 3.2.3 Payment Dates. Interest accrued on each Loan shall be payable, without duplication: 

(a) on the Stated Maturity Date therefor; 

(b) on the date of any payment or prepayment, in whole or in part, of principal outstanding on such Loan on the principal
amount so paid or prepaid; 
 (c) with respect to Base Rate Loans, on each Payment Date in arrears occurring
after the Closing Date; 
 (d) with respect to LIBO Rate Loans, on the last day of each applicable Interest
Period (and, in the case of any LIBO Rate Loans having an Interest Period of six months, at the end of the third month of such Interest Period); 
 (e) with respect to any Base Rate Loans converted into LIBO Rate Loans on a day when interest would not otherwise have been payable pursuant to subsection (c) of this Section 3.2.3, on the date
of such conversion; and 
 (f) on that portion of any Loans the Stated Maturity Date of which is accelerated
pursuant to Section 8.2 or Section 8.3 hereof, immediately upon such acceleration; 
 Interest accrued on Loans or other monetary
Obligations after the date such amount is due and payable (whether on the Stated Maturity Date, upon acceleration or otherwise) shall be payable upon demand. 
 SECTION 3.3 Fees. Each Borrower agrees to pay the fees set forth below. All such fees shall be non-refundable. 

  
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 SECTION 3.3.1 Unused Line Fees. 

(a) Borrowers agree to pay to Agent, for the account of Revolving Loan Lenders (in accordance with the arrangements by and
among Agent and each Revolving Loan Lender), a monthly unused line fee in an amount equal to six hundred and twenty-five one thousandths of one (0.625%) percent per annum commencing on the Closing Date and ending on June 17, 2011 calculated
upon the amount by which the Maximum Credit exceeds the average monthly balance of the outstanding Revolving Loans and Letter of Credit Outstandings during the immediately preceding month (or part thereof), which rate shall be adjusted thereafter as
of the first day of every three month period to an amount equal to (i) six hundred and twenty-five one thousandths of one (0.625%) percent per annum if the daily average of the outstanding Revolving Loans and Letter of Credit Outstandings
during the immediately preceding three month period was less than fifty (50%) percent of the Maximum Credit and (ii) one half of one (0.50%) percent per annum if the daily average of the outstanding Revolving Loans and Letter of Credit
Outstandings during the immediately preceding three month period was equal to or greater than fifty (50%) percent of the Maximum Credit. Swing Line Loans shall not be considered in the above calculation of the unused line fee. 

(b) All unused line fees payable pursuant to this Section shall be calculated on a year comprised of 360 days and payable
by Borrowers in arrears on each Payment Date, commencing with the first Payment Date following the Closing Date, and on the Commitment Termination Date. 
 SECTION 3.3.2 Agent’s Fees. Borrowers agree to pay the fees in the amounts, on the dates and on the terms set forth in the Fee Letter. 

SECTION 3.3.3 Subfacility Letter of Credit Fee. Borrowers agree to pay to Agent, for the pro rata account of each
Lender, a Subfacility Letter of Credit fee at a rate equal to the then Applicable Margin on a per annum basis for Subfacility Letters of Credit on the daily outstanding balance of all Subfacility Letters of Credit for the immediately preceding month
(or part thereof), and upon the occurrence and during the continuance of an Event of Default, if demanded by Agent at its option or at the direction of the Required Lenders (or automatically in the case of the occurrence of an event described in
Section 8.1.10 hereof), at a rate equal to the sum of the then Applicable Margin for Subfacility Letters of Credit plus two (2%) percent per annum on the daily outstanding balance of all import Subfacility Letters of Credit for the
immediately preceding month (or part thereof), such fees being payable in arrears on each Payment Date following the date of issuance of each such Subfacility Letter of Credit and on the Commitment Termination Date. Borrowers further agree to pay to
the applicable Issuer in arrears on each Payment Date following the date of issuance of each Subfacility Letter of Credit and on the Commitment Termination Date, a Fronting Fee for all outstanding Subfacility Letters of Credit, together with the
Issuer’s customary administrative, amendment, drawing, transfer and other fees incurred with respect to such Subfacility Letters of Credit. 

  
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 SECTION 3.3.4 Standby Letter of Credit Fee. Borrowers agree to pay to
Agent, for the pro rata account of each Lender, a Standby Letter of Credit fee at a rate equal to the then Applicable Margin on a per annum basis for Standby Letters of Credit on the daily outstanding balance of all Standby Letters of Credit for the
immediately preceding month (or part thereof), and upon the occurrence and during the continuance of an Event of Default, if demanded by Agent at its option or at the direction of the Required Lenders (or automatically in the case of the occurrence
of an event described in Section 8.1.10 hereof), at a rate equal to the sum of the then Applicable Margin for Standby Letters of Credit plus two (2%) percent per annum on the daily outstanding balance of all Standby Letters of Credit for
the immediately preceding month (or part thereof), such fees being payable in arrears on each Payment Date following the date of issuance of each such Standby Letter of Credit and on the Commitment Termination Date. Borrowers further agree to pay to
the applicable Issuer in arrears on each Payment Date following the date of issuance of each Standby Letter of Credit and on the Commitment Termination Date, a Fronting Fee for all outstanding Standby Letters of Credit, together with the
Issuer’s customary administrative, amendment, drawing, transfer and other fees incurred with respect to such Standby Letters of Credit. 
 ARTICLE IV 
 CERTAIN LIBO RATE AND OTHER PROVISIONS; 

COLLECTION AND ADMINISTRATION 
 SECTION 4.1 LIBO Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to the Administrative Borrower and Agent, be conclusive and binding on
Borrowers) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority asserts that it is unlawful, for such Lender to make or continue any Loan as, or to convert any Loan into, a
LIBO Rate Loan, the obligations of such Lender to make, continue or convert any such LIBO Rate Loan shall, upon such determination, forthwith be suspended until such Lender shall notify Agent that the circumstances causing such suspension no longer
exist, and all outstanding LIBO Rate Loans payable to such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion. 

SECTION 4.2 Deposits Unavailable; Market Disruptions. If Agent shall have determined that 

(a) Dollar deposits in the relevant amount and for the relevant Interest Period are not available to it in its relevant
market; or 
 (b) by reason of circumstances affecting its relevant market, adequate means do not exist for
ascertaining the interest rate applicable hereunder to LIBO Rate Loans or if Required Lenders have informed Agent that the LIBO Rate does not accurately and fairly reflect the costs of certain Lenders of making Loans; 

then, upon notice from Agent to the Administrative Borrower and the Lenders, the obligations of all Lenders under Section 2.3 and Section 2.4
hereof to make or continue any Loans as, or to convert any Loans into, LIBO Rate Loans shall forthwith be suspended until Agent shall notify the Administrative Borrower and the Lenders that the circumstances causing such suspension no longer exist.

  
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 SECTION 4.3 Increased LIBO Rate Loan Costs, etc. Borrowers agree to reimburse each
Lender and Issuer for any increase in the cost to such Lender or Issuer of, or any reduction in the amount of any sum receivable by such Secured Party in respect of, such Secured Party’s Commitments and the making of Credit Extensions hereunder
(including the making, continuing or maintaining (or of its obligation to make or continue) any Loans as, or of converting (or of its obligation to convert) any Loans into, LIBO Rate Loans) that arise in connection with any change in, or the
introduction, adoption, effectiveness, interpretation, reinterpretation or phase-in after the Closing Date of, any law or regulation, directive, guideline, decision or request (whether or not having the force of law) of any Governmental Authority
(provided, that, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith shall be deemed to be a change in any law or regulation,
directive, guideline, decision or request), except for such changes with respect to increased capital costs and Taxes which are governed by Sections 4.5 and 4.6 hereof, respectively. Each affected Secured Party shall promptly notify Agent and the
Administrative Borrower in writing of the occurrence of any such event, stating the reasons therefor and the additional amount required fully to compensate such Secured Party for such increased cost or reduced amount. Such additional amounts shall
be payable by Borrowers directly to such Secured Party within five (5) days of its receipt of such notice, and such notice shall, in the absence of manifest error, be conclusive and binding on Borrowers. 

SECTION 4.4 Funding Losses. In the event any Lender shall incur any loss or expense (including any loss or expense incurred by
reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to make or continue any portion of the principal amount of any Loan as, or to convert any portion of the principal amount of any Loan into, a LIBO Rate
Loan) as a result of 
 (a) any conversion or repayment or prepayment of the principal amount of any LIBO Rate
Loan on a date other than the scheduled last day of the Interest Period applicable thereto, whether pursuant to Article III or otherwise (and including without limitation any repayment or prepayment or assignment pursuant to Sections 4.11 or
10.11.1(f) hereof), or Borrowers failing to make a prepayment after giving notice thereof); 
 (b) any Loans not
being made as LIBO Rate Loans in accordance with the Borrowing Request therefor; or 

  
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 (c) any Loans not being continued as, or converted into, LIBO Rate Loans in
accordance with the Continuation/Conversion Notice therefor; then, upon the written notice of such Lender to the Administrative Borrower (with a copy to Agent), the Administrative Borrower shall, within five (5) days of its receipt thereof, pay
directly to such Lender such amount as will (in the reasonable determination of such Lender) reimburse such Lender for such loss or expense. Such written notice shall, in the absence of manifest error, be conclusive and binding on Borrowers.

 SECTION 4.5 Increased Capital Costs. If any change in, or the introduction, adoption, effectiveness, interpretation,
reinterpretation or phase-in of, any law or regulation, directive, guideline, decision or request (whether or not having the force of law) of any Governmental Authority affects or would affect the amount of capital required or expected to be
maintained by any Secured Party or any Person controlling such Secured Party, and such Secured Party determines (in good faith but in its sole and absolute discretion) that the rate of return on its or such controlling Person’s capital as a
consequence of the Commitments or the Credit Extensions made, or the Letters of Credit participated in, by such Secured Party is reduced to a level below that which such Secured Party or such controlling Person could have achieved but for the
occurrence of any such circumstance, then upon notice from time to time by such Secured Party to the Administrative Borrower, Borrowers shall within five (5) days following receipt of such notice pay directly to such Secured Party additional
amounts sufficient to compensate such Secured Party or such controlling Person for such reduction in rate of return. A statement of such Secured Party as to any such additional amount or amounts shall, in the absence of manifest error, be conclusive
and binding on Borrowers. In determining such amount, such Secured Party may use any method of averaging and attribution that it (in its sole and good faith discretion) shall deem applicable. Notwithstanding anything herein to the contrary, for
purposes of this Section 4.5 and otherwise in this Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith shall be deemed to be a
change in or introduction, adoption, effectiveness, interpretation, reinterpretation or phase-in of, law or regulation, directive, guideline, decision or request. 
 SECTION 4.6 Taxes. Borrowers covenant and agree as follows with respect to Taxes. 
 (a) Any and all payments by Borrowers under each Loan Document shall be made without setoff, counterclaim or other defense, and free and clear of, and without deduction or withholding for or on account
of, any Taxes, except to the extent any such Taxes are imposed by applicable law. In the event that any Taxes are imposed and required by applicable law to be deducted or withheld from any payment required to be made by any Obligor to or on behalf
of any Secured Party under any Loan Document, then: 
 (i) subject to subsection (f) of this
Section 4.6, if such Taxes are Non-Excluded Taxes, the amount of such payment shall be increased as may be necessary so that such payment is made, after withholding or deduction for or on account of such Taxes, in an amount that is not less
than the amount provided for in such Loan Document; and 

  
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 (ii) the applicable Borrower shall withhold the full amount of such Taxes
from such payment (as increased pursuant to clause (i) of this subsection (a)) and shall pay such amount to the Governmental Authority imposing such Taxes in accordance with applicable law. 

(b) In addition, Borrowers shall pay all Other Taxes imposed to the relevant Governmental Authority imposing such Other
Taxes in accordance with applicable law. 
 (c) As promptly as practicable after the payment of any Taxes or
Other Taxes, and in any event within forty-five (45) days of any such payment being due, Borrowers shall furnish to Agent a copy of an official receipt (or a certified copy thereof) evidencing the payment of such Taxes or Other Taxes. Agent
shall make copies thereof available to any Lender upon request therefor. 
 (d) Subject to subsection (f) of
this Section 4.6, Borrowers shall indemnify each Secured Party for any Non-Excluded Taxes and Other Taxes levied, imposed or assessed on (and whether or not paid directly by) such Secured Party whether or not such Non-Excluded Taxes or Other
Taxes are correctly or legally asserted by the relevant Governmental Authority. Promptly upon having knowledge that any such Non-Excluded Taxes or Other Taxes have been levied, imposed or assessed, and promptly upon notice thereof by any Secured
Party, the applicable Borrower shall pay such Non-Excluded Taxes or Other Taxes directly to the relevant Governmental Authority (provided, however, that no Secured Party shall be under any obligation to provide any such notice to Borrowers). In
addition, Borrowers shall indemnify each Secured Party for any incremental Taxes that may become payable by such Secured Party as a result of any failure of any Borrower to pay any Taxes when due to the appropriate Governmental Authority or to
deliver to Agent, pursuant to subsection (c) of this Section 4.6, documentation evidencing the payment of Taxes or Other Taxes. With respect to indemnification for Non-Excluded Taxes and Other Taxes actually paid by any Secured Party or
the indemnification provided in the immediately preceding sentence, such indemnification shall be made within thirty (30) days after the date such Secured Party makes written demand therefor. Borrowers acknowledge that any payment made to any
Secured Party or to any Governmental Authority in respect of the indemnification obligations of Borrowers provided in this subsection (d) shall constitute a payment in respect of which the provisions of subsection (a) of this
Section 4.6 and this subsection (d) shall apply. 
 (e) Each Non-U.S. Lender, on or prior to the date
on which such Non-U.S. Lender becomes a Lender hereunder (and from time to time thereafter upon the request of the Administrative Borrower or Agent, but only for so long as such Non-U.S. Lender is legally entitled to do so), shall deliver to the
Administrative Borrower and Agent either (i) two duly completed copies of either (x) Internal Revenue Service Form W-8BEN claiming eligibility of Non-U.S. Lenders to the benefits of an income tax treaty to which the United States is party
or (y) Internal Revenue Service Form W-8ECI, or in either case an applicable successor form; or (ii) in the case of a Non-U.S. Lender that is not legally entitled to deliver either form listed in clause (i) of this subsection (e),
(x) a certificate to the effect that such Non-U.S. Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of a Borrower within the meaning of
Section 881(c)(3)(B) of the Code, or (C) a controlled foreign corporation receiving interest from a related person within the meaning of Section 881(c)(3)(C) of the Code (referred to as an “Exemption Certificate”) and
(y) two duly completed copies of Internal Revenue Service Form W-8BEN or applicable successor form. 

  
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 (f) Borrowers shall not be obligated to pay any additional amounts to any
Lender pursuant to subsection (a)(i) of this Section 4.6, or to indemnify any Lender pursuant to subsection (d) of this Section 4.6, in respect of United States federal withholding taxes to the extent imposed as a result of
(i) the failure of such Lender to deliver to a Borrower the form or forms and/or an Exemption Certificate, as applicable to such Lender, pursuant to subsection (e) of this Section 4.6, (ii) such form or forms and/or Exemption
Certificate not establishing a complete exemption from U.S. federal withholding tax or the information or certifications made therein by the Lender being untrue or inaccurate on the date delivered in any material respect, or (iii) the Lender
designating a successor lending office at which it maintains its Loans which has the effect of causing such Lender to become obligated for tax payments in excess of those in effect immediately prior to such designation; provided, however, that
Borrowers shall be obligated to gross up any payments to any such Lender pursuant to subsection (a)(i) of this Section 4.6, and to indemnify any such Lender pursuant to subsection (d) of this Section 4.6, in respect of United States
federal withholding taxes if (i) any such failure to deliver a form or forms or an Exemption Certificate or the failure of such form or forms or Exemption Certificate to establish a complete exemption from U.S. federal withholding tax or
inaccuracy or untruth contained therein resulted from a change in any applicable statute, treaty, regulation or other applicable law or any interpretation of any of the foregoing occurring after the Closing Date, which change rendered such Lender no
longer legally entitled to deliver such form or forms or Exemption Certificate or otherwise ineligible for a complete exemption from U.S. federal withholding tax, or rendered the information or certifications made in such form or forms or Exemption
Certificate untrue or inaccurate in a material respect, (ii) the redesignation of the Lender’s lending office was made at the request of any Borrower or (iii) the obligation to pay any additional amounts to any such Lender pursuant to
subsection (a)(i) of this Section 4.6 or to indemnify any such Lender pursuant to subsection (d) of this Section 4.6 is with respect to an Assignee Lender that becomes an Assignee Lender as a result of an assignment made at the
request of any Borrower. 
 SECTION 4.7 Payments, Computations, etc. Unless otherwise expressly provided in a Loan
Document, all payments by Borrowers pursuant to each Loan Document shall be made by Borrowers to Agent for the pro rata account of the Secured Parties entitled to receive such payment. All payments shall be made without setoff, deduction or
counterclaim not later than 2:00 p.m. (New York time) on the date due in same day or immediately available funds to such account as Agent shall specify from time to time by notice to the Administrative Borrower. Funds received after that time shall
be deemed to have been received by Agent on the next succeeding Business Day. Agent shall promptly remit in same day funds to each Secured Party its share, if any, of such payments received by Agent for the account of such Secured Party. All
interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a
year comprised of 360 days (or, in the case of interest on a Base Rate Loan, 365 days or, if appropriate, 366 days). Payments due on other than a Business Day shall (except as otherwise required by clause (d) of the definition of “Interest
Period”) be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees in connection with that payment. Agent shall apply amounts contained in the accounts of Borrowers maintained with
Agent to amounts due to Agent and the Lenders under the Loan Documents when due. 

  
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 SECTION 4.8 Sharing of Payments. If any Secured Party shall obtain any payment or
other recovery (whether voluntary, involuntary, by application of setoff or otherwise) on account of any Credit Extension or Reimbursement Obligation (other than pursuant to the terms of Sections 4.3, 4.4, 4.5 or 4.6 hereof) in excess of its pro
rata share of payments obtained by all Secured Parties, such Secured Party shall purchase from the other Secured Parties such participations in Credit Extensions made by them as shall be necessary to cause such purchasing Secured Party to share the
excess payment or other recovery ratably (to the extent such other Secured Parties were entitled to receive a portion of such payment or recovery) with each of them; provided, however, that if all or any portion of the excess payment or other
recovery is thereafter recovered from such purchasing Secured Party, the purchase shall be rescinded and each Secured Party which has sold a participation to the purchasing Secured Party shall repay to the purchasing Secured Party the purchase price
to the ratable extent of such recovery together with an amount equal to such selling Secured Party’s ratable share (according to the proportion of (a) the amount of such selling Secured Party’s required repayment to the purchasing
Secured Party to (b) total amount so recovered from the purchasing Secured Party) of any interest or other amount paid or payable by the purchasing Secured Party in respect of the total amount so recovered. Borrowers agree that any Secured
Party purchasing a participation from another Secured Party pursuant to this Section may, to the fullest extent permitted by law, exercise all its rights of payment (including pursuant to Section 4.9 hereof) with respect to such participation
as fully as if such Secured Party were the direct creditor of the applicable Borrower in the amount of such participation. If under any applicable bankruptcy, insolvency or other similar law any Secured Party receives a secured claim in lieu of a
setoff to which this Section applies, such Secured Party shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights of the Secured Parties entitled under this Section to share in the
benefits of any recovery on such secured claim. 
 SECTION 4.9 Setoff. Each Secured Party shall, upon the occurrence and
during the continuance of any Event of Default described in Section 8.1.10 hereof or, with the consent of the Required Lenders, upon the occurrence and during the continuance of any other Event of Default, have the right to appropriate and
apply to the payment of the Obligations owing to it (whether or not then due), and (as security for such Obligations) Borrowers hereby grant to each Secured Party a continuing security interest in, any and all balances, credits, deposits, accounts
or moneys of Borrowers then or thereafter maintained with such Secured Party; provided, however, that any such appropriation and application shall be subject to the provisions of Section 4.8 hereof. Each Secured Party agrees promptly to notify
the Administrative Borrower and Agent after any such setoff and application made by such Secured Party; provided, however, that the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Secured
Party under this Section are in addition to other rights and remedies (including other rights of setoff under applicable law or otherwise) which such Secured Party may have. 

  
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 SECTION 4.10 Defaulting Lenders. 

(a) Upon any failure by a Lender to pay Agent (or Swing Line Lender) pursuant to the settlement described in Sections
2.3.1 and 2.3.2(b) hereof, Agent shall promptly thereafter notify Administrative Borrower of such failure and Borrowers shall pay such corresponding amount to Agent for its own account within five (5) Business Days of Administrative
Borrower’s receipt of such notice. The term “Defaulting Lender” shall mean (i) any Lender that has failed to fund any portion of the Revolving Loans, participations in any Letter of Credit or participations in Swing Line Loans
required to be funded by it hereunder within two (2) Business Days of the date required to be funded by it hereunder, or has otherwise failed to pay over to Agent or any other Lender any other amount required to be paid by it hereunder within
two (2) Business Days of the date when due, (ii) any Lender that has notified Agent, any Lender, Issuer, or any Borrower or Guarantor in writing that it will not or does not intend to comply with any of its funding obligations under this
Agreement or has made a public statement to the effect that it will not or does not intend to comply with its funding obligations under this Agreement or under other agreements in which it has agreed to make loans or provide other financial
accommodations, or (iii) any Lender that becomes or is insolvent or has a parent company that has become or is insolvent or becomes the subject of a bankruptcy or insolvency proceeding, or has a receiver, conservator, trustee or custodian
appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment and has not obtained all required orders, approvals or consents of any court or other
Governmental Authority to continue to fulfill its obligations hereunder, in form and substance satisfactory to Agent. 

  
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 (b) Agent shall not be obligated to transfer to a Defaulting Lender any
payments received by Agent for the Defaulting Lender’s benefit, nor shall a Defaulting Lender be entitled to the sharing of any payments hereunder (including any principal, interest or fees). For purposes of voting or consenting to matters with
respect to this Agreement and the other Financing Agreements and determining Percentages, such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero (0) other than with
respect to voting on any matters set forth in Sections 10.1(a)(ii) and (iii) affecting such Defaulting Lender. So long as there is a Defaulting Lender, the maximum amount of the Loans and Letters of Credit shall not exceed the aggregate amount
of the Commitments of the Lenders that are not Defaulting Lenders plus the Percentage of the Defaulting Lender (determined immediately prior to its being a Defaulting Lender) of the Loans and Letters of Credit Outstanding as of the date that the
Defaulting Lender has become a Defaulting Lender. At any time that there is a Defaulting Lender, payments received for application to the Obligations payable to Lenders in accordance with the terms of this Agreement shall be distributed to Lenders
based on their Percentages calculated after giving effect to the reduction of the Defaulting Lender’s Commitment to zero as provided herein or at Agent’s option, Agent may instead receive and retain such amounts that would be otherwise
attributable to the Percentage of a Defaulting Lender (which for such purpose shall be such Percentage as in effect immediately prior to its being a Defaulting Lender). To the extent that Agent elects to receive and retain such amounts, Agent may
hold such amounts (which shall not accrue interest) and, in its reasonable discretion, relend such amounts to a Borrower. To the extent that Agent exercises its option to relend such amounts, such amounts shall be treated as Revolving Loans for the
account of Agent in addition to the Revolving Loans that are made by the Lenders other than a Defaulting Lender based on their respective Pro Rata Shares as calculated after giving effect to the reduction of such Defaulting Lender’s Commitment
to zero (0) as provided herein but shall be repaid in the same order of priority as the principal amount of the Loans on a pro rata basis for purposes of Section 4.13.1 hereof. Agent shall determine whether any Revolving Loans requested
shall be made from relending such amounts or from Revolving Loans from the Lenders (other than a Defaulting Lender) and any allocation of requested Revolving Loans between them. The rights of a Defaulting Lender shall be limited as provided herein
until such time as the Defaulting Lender has made all payments to Agent of the amounts that it had failed to pay causing it to become a Defaulting Lender and such Lender is otherwise in compliance with the terms of this Agreement (including making
any payments as it would have been required to make as a Lender during the period that it was a Defaulting Lender other than in respect of the principal amount of Revolving Loans, which payments as to the principal amount of Revolving Loans shall be
made based on the outstanding balance thereof on the date of the cure by Defaulting Lender or at such other time thereafter as Agent may specify) or has otherwise provided evidence in form and substance satisfactory to Agent that such Defaulting
Lender will be able to fund its Percentage (as in effect immediately prior to its being a Defaulting Lender) in accordance with the terms hereof. Upon the cure by Defaulting Lender of the event that is the basis for it to be a Defaulting Lender by
making such payment or payments and such Lender otherwise being in compliance with the terms hereof, such Lender shall cease to be a Defaulting Lender and shall only be entitled to payment of interest accrued during the period that such Lender was a
Defaulting Lender to the extent previously received and retained by Agent from or for the account of Borrowers on the funds constituting Loans funded by such Lender prior to the date of it being a Defaulting Lender (and not previously paid to such
Lender) and shall otherwise, on and after such cure, make Loans and settle in respect of the Loans and other Obligations in accordance with the terms hereof. The existence of a Defaulting Lender and the operation of this Section shall not be
construed to increase or otherwise affect the Commitment of any Lender, or relieve or excuse the performance by any Borrower or Guarantor of its duties and obligations hereunder (including, but not limited to, the obligation of such Borrower or
Guarantor to make any payments hereunder, whether in respect of Loans by a Defaulting Lender or otherwise); provided, that, notwithstanding anything to the contrary set forth herein, no unused line fees as provided in
Section 3.3.1 hereof, or any Subfacility Letter of Credit fees or Standby Letter of Credit fees as provided in Sections 3.3.3 and 3.3.4 hereof, shall accrue or be payable in respect of the Commitment or Percentage of any Lender at any time and
during any period that such Lender is a Defaulting Lender. 
 (c) Notwithstanding anything to the contrary
contained in this Agreement, if any Swing Line Loan or Letter of Credit is outstanding at the time that there is a Defaulting Lender: 

  
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 (i) As provided above, the Percentage of the participation of each Lender
that is not a Defaulting Lender in such Swing Line Loan or Letter of Credit shall be calculated after giving effect to the reduction of the Defaulting Lender’s Commitment to zero (0), but only to the extent that the sum of the Percentages in
respect of outstanding Loans and Letters of Credit of the Lenders that are not Defaulting Lenders plus the amount of the Percentage of the Defaulting Lender (determined immediately prior to its being a Defaulting Lender) of the Swing Line Loans and
Letter of Credit Outstandings that it has funded and outstanding as of the date that it became a Defaulting Lender does not exceed the aggregate amount of the Commitments of the Lenders that are not Defaulting Lenders. 

(ii) In the event that based on the determination set forth in clause (i) above, the aggregate amount of the
Commitments of the Lenders that are not Defaulting Lenders would be exceeded, then within two (2) Business Days after the written request of Agent, Borrowers shall (A) first, prepay the amount of the Swing Line Loans equal to the
Percentage thereof (calculated as in effect immediately prior to it becoming a Defaulting Lender) to the extent of such excess, or provide to Agent other credit support or make other arrangements satisfactory to Agent, in its sole discretion, in
respect of payment of such portion of the Swing Line Loans, and (B) second, provide to Agent (x) cash collateral equal to the Percentage of the Defaulting Lender of the Letter of Credit Outstandings then outstanding (calculated as in
effect immediately prior to such Lender becoming a Defaulting Lender) to the extent of such excess, which cash collateral will be held by Agent on terms and conditions reasonably satisfactory to Agent and Issuer for the Obligations and applied first
to the Letter of Credit Outstandings before application to any other Obligations, notwithstanding anything to the contrary contained in Section 4.13.1 hereof, or (y) other arrangements satisfactory to Agent, in its sole discretion, in
respect of payment of such portion of the Letter of Credit Outstandings. 
 (d) So long as there is a Defaulting
Lender, the Issuer shall not be required to issue, renew, extend or amend any Letter of Credit where the sum of the Percentages of the Lenders that are not Defaulting Lenders of the outstanding Loans and their participations in Letters of Credit
after giving effect to any such requested Letter of Credit (or renewal, extension or amendment) would exceed the aggregate Commitments of such non-Defaulting Lenders, unless Agent has received cash collateral (or other credit support satisfactory to
Agent, in its sole discretion) from Borrowers in an amount equal to the Percentage of the Defaulting Lender (calculated as in effect immediately prior to such Lender becoming a Defaulting Lender) of the Letter of Credit Outstandings outstanding
after giving effect to any such requested Letter of Credit (or renewal, extension or amendment) to be held by Agent on its behalf on terms and conditions reasonably satisfactory to Agent and Issuer or there are other arrangements reasonably
satisfactory to Issuer with respect to the participation in Letters of Credit by such Defaulting Lender. Such cash collateral or other credit support shall be applied first to the Letter of Credit Outstandings before application to any other
Obligations, notwithstanding anything to the contrary contained in Section 4.13.1 hereof. 
 (e) So long as
there is a Defaulting Lender, Swing Line Lender shall not be required to make any Swing Line Loans in which the Defaulting Lender would have had a participation (but for being a Defaulting Lender), where the sum of the Percentages of the Lenders
that are not Defaulting Lenders of the outstanding Loans and their participations in Letters of Credit after giving effect to any such Swing Line Loans would exceed the aggregate Commitments of such non-Defaulting Lenders, unless Agent has cash
collateral (or other credit support satisfactory to Agent, in its sole discretion) from Borrowers in an amount equal to the Percentage of the Defaulting Lender (calculated as in effect immediately prior to such Lender becoming a Defaulting Lender)
of any such Swing Line Loans to be held by Agent on its behalf on terms and conditions reasonably satisfactory to Agent and Swing Line Lender or there are other arrangements reasonably satisfactory to Swing Line Lender with respect to the
participation in Swing Line Loans by such Defaulting Lender. Such cash collateral shall be applied first to the Obligations relating to the Swing Line Loans before application to any other Obligations, notwithstanding anything to the contrary
contained in Section 4.13.1 hereof. 

  
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 (f) Nothing in this Section or elsewhere in this Agreement or the other Loan
Documents shall be deemed to require Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its Commitment hereunder or to prejudice any rights that any Borrower may have to commence any legal action
against a Lender as a result of any default by such Lender hereunder in fulfilling its Commitment. 
 SECTION 4.11
Replacement of Lenders. (a) If (i) the Administrative Borrower receives notice from any Lender requesting increased costs or additional amounts under Sections 4.3, 4.5 or 4.6 hereof not being requested generally by other Lenders,
(ii) any Lender is affected in the manner described in Section 4.1 hereof, or (iii) a Lender becomes a Defaulting Lender, or (b) with respect to any Non-Consenting Lender under Section 10.1(c) hereof, then, in each case,
Borrowers shall have the right, so long as no Default shall have occurred and be continuing, and unless, in the case of subsection (a)(i) above, such Lender has removed or cured the conditions which resulted in the obligation to pay such increased
costs or additional amounts or agreed to waive and otherwise forego any right it may have to any payments provided for under Sections 4.3, 4.5 or 4.6 hereof in respect of such conditions, to replace in its entirety such Lender (the “Replaced
Lender”), upon prior written notice to Agent and such Replaced Lender, with one or more Eligible Assignees designated by Winn-Dixie and acceptable to Agent, such acceptance not to be unreasonably withheld, that agree to accept all of the rights
and obligations of the Replaced Lender (each a “Replacement Lender”); provided, however, that, at the time of any replacement pursuant to this Section 4.11, the Replaced Lender and the Replacement Lenders shall enter into (and each
Replaced Lender hereby unconditionally agreeing to enter into) one or more Lender Assignment Agreement(s) (appropriately completed), pursuant to which (i) the Replacement Lender shall acquire all of the Commitments and outstanding Revolving
Loans of the Replaced Lender and, in connection therewith, shall pay (x) to the Replaced Lender in respect thereof an amount equal to the sum of (a) an amount equal to the principal of, and all accrued but unpaid interest on, all
outstanding Loans of the Replaced Lender and (b) an amount equal to all accrued but theretofore unpaid fees owing to the Replaced Lender pursuant to Sections 3.3.1 and 3.3.3 hereof, and (y) to the Issuer, an amount equal to any portion of
the Replaced Lender’s funding of an unpaid drawing under a Letter of Credit as to which the Replaced Lender is then in default; and (ii) Borrowers shall pay to the Replaced Lender any other amounts payable to the Replaced Lender under this
Agreement (including amounts payable under Sections 4.1, 4.3, 4.4, 4.5 and 4.6 hereof which have accrued to the date of such replacement). Upon the execution of the Lender Assignment Agreement(s), the payment of the amounts referred to in the
preceding sentence, the Replacement Lenders shall automatically become Lenders hereunder and the Replaced Lender shall cease to constitute a Lender hereunder, except with respect to indemnification provisions under this Agreement, 

which shall survive as to such Replaced Lender. It is understood and agreed that if any Replaced Lender shall fail to enter into a Lender Assignment
Agreement in accordance with the foregoing, it shall be deemed to have entered into such a Lender Assignment Agreement. 

  
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 SECTION 4.12 Bank Products. 

(a) Any Borrower may (but is not required to) request that any Bank Product Provider provide or arrange for such Borrower
to obtain Bank Products from such Bank Product Provider, and such Bank Product Provider may, in its sole discretion, provide or arrange for such Borrower to obtain the requested Bank Products. Borrowers shall indemnify and hold Agent, each Lender
and their respective Affiliates harmless from any and all obligations now or hereafter owing to any other Person by such Bank Product Provider in connection with any Bank Products other than for gross negligence or willful misconduct on the part of
any such indemnified Person. This Section 4.12(a) shall survive the payment of the Obligations and the termination of this Agreement. 
 (b) Notwithstanding anything to the contrary contained herein, Borrowers shall not be required to pre-fund ACH Transactions provided by a Bank Product Provider up to the aggregate amount of the ACH Limit,
subject to the terms and conditions set forth in each ACH Agreement. For purposes of this Agreement, the term “pre-fund” means the deposit by Borrowers with a Bank Product Provider providing ACH Transactions to a Borrower or the
segregation by such Bank Product Provider of cash in such account as such Bank Product Provider may specify in the amount of any transfers requested by Borrowers in connection with ACH Transactions for the express purpose of securing payment of any
Obligations to such Bank Product Provider that might arise from such ACH Transactions prior to such Bank Product Provider making any such transfers. 
 (c) Borrowers acknowledge and agree that (i) the obtaining of Bank Products from a Bank Product Provider (A) is in the sole discretion of such Bank Product Provider, and (B) is subject to
all rules and regulations of such Bank Product Provider and (ii) the obligations, liabilities and indebtedness owing by Borrowers to Agent or such Bank Product Provider arising under or pursuant to any Bank Products shall be secured by, among
other things, the Mortgages (other than the Mortgages with respect to the Real Property of Real Estate Borrower located in the State of Alabama) and the liens created thereby. 
 SECTION 4.13 Application of Proceeds Prior to an Event of Default Any moneys received or collected by Agent or any Lender from any Borrower or Guarantor prior to the occurrence of an Event of
Default (including the monetary proceeds of collections or of realization upon any Collateral) shall be applied as follows: 
 (a) First, to pay any costs and expenses or other liabilities of any kind (i) incurred by Agent or any Co-Collateral Agent in connection with any actions relating to any Collateral (including without
limitation, audit and monitoring expenses and any expenses and liabilities in connection with foreclosing upon any Collateral) or the enforcement of any Loan Document or (ii) incurred by any Secured Party in connection with and to the extent
permitted by Section 10.3 hereof, 

  
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 (b) Second, to pay any other fees, indemnities or expense reimbursements
then due to Agent, Issuer or any Co-Collateral Agent from any Borrower or Guarantor, 
 (c) Third, ratably, to
pay all accrued (i) interest in respect of any Loans (and including any Special Agent Advances), (ii) Subfacility Letter of Credit Fees, (iii) Standby Letter of Credit Fees and (iv) unused line fees, 

(d) Fourth, to pay or prepay principal in respect of Special Agent Advances and Revolving Loans made pursuant to (and to
Cash Collateralize all Letters of Credit issued pursuant to) Section 10.20 hereof, 
 (e) Fifth, ratably, to
(i) pay principal due in respect of Revolving Loans, (ii) pay Obligations outstanding under Rate Protection Agreements entered into between a Borrower and Agent or any Bank Product Provider that is a Lender or an Affiliate of a Lender (but
only up to the amount of any then effective Reserve established in respect of such Obligations not to exceed $20,000,000 in the aggregate), (iii) pay any reimbursement amounts outstanding with respect to, and Cash Collateralize all other
obligations (including contingent obligations) in respect of, Subfacility Letters of Credit, and (iv) pay any reimbursement amounts outstanding with respect to, and Cash Collateralize all other obligations (including contingent obligations) in
respect of, Standby Letters of Credit, 
 (f) Sixth, to pay or prepay any Obligations arising under or pursuant
to any Bank Products provided by a Bank Product Provider that is a Lender or an Affiliate of a Lender consisting of ACH Transactions, 
 (g) Seventh, to pay or prepay any Obligations arising under or pursuant to any Bank Products provided by a Bank Product Provider that is a Lender or an Affiliate of a Lender (other than to the extent
provided for in clauses (e) and (f) above), 
 (h) Eighth, to pay or prepay any Obligations arising
under or pursuant to any Bank Products provided by any Bank Product Provider that is not a Lender or an Affiliate of a Lender, and 
 (i) Ninth, to pay or prepay any other Obligations whether or not then due, in such order and manner as Agent determines; 
 provided, that, in each instance set forth in this Section 4.13.1, so long as no Event of Default has occurred and is continuing, this Section 4.13.1 shall not be
deemed to apply to (i) the application of Net Sale and Leaseback Proceeds or Net Disposition Proceeds in accordance with Section 3.1.1(c) hereof, or (ii) any payment by a Borrower specified by such Borrower to be for the
payment of specific Obligations then due and payable (or then due and prepayable) under and in accordance with any provision of this Agreement. 

  
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 Notwithstanding anything to the contrary contained in this Agreement, (a) unless so directed by
Administrative Borrower, or unless a Default or an Event of Default shall exist or have occurred and be continuing, Agent shall not apply any payments which it receives to any LIBO Rate Loans, except (i) on the expiration date of the Interest
Period applicable to any such LIBO Rate Loans or (ii) in the event that there are no outstanding Base Rate Loans and (b) to the extent any Borrower uses any proceeds of the Loans or Letters of Credit to acquire rights in or the use of any
Collateral or to repay any Indebtedness used to acquire rights in or the use of any Collateral, payments in respect of the Obligations shall be deemed applied first to the Obligations arising from Loans and Letters of Credit that were not used for
such purposes and second to the Obligations arising from Loans and Letters of Credit the proceeds of which were used to acquire rights in or the use of any Collateral in the chronological order in which such Borrower acquired such rights in or the
use of such Collateral. 
 SECTION 4.14 Borrowers’ Loan Account; Statements. 

(a) Agent shall maintain one or more loan account(s) on its books in which shall be recorded (i) all Loans, Letter of
Credit Outstandings and other Obligations and the Collateral, (ii) all payments made by or on behalf of any Borrower or Guarantor and (iii) all other appropriate debits and credits as provided in this Agreement, including fees, charges,
costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Agent’s customary practices as in effect from time to time. 

(b) Agent shall render to Administrative Borrower each month a statement setting forth the balance in the Borrowers’
loan account(s) maintained by Agent for Borrowers pursuant to the provisions of this Agreement, including principal, interest, fees, costs and expenses. Each such statement shall be subject to subsequent adjustment by Agent but shall, absent
manifest errors or omissions, be considered correct and deemed accepted by Borrowers and conclusively binding upon Borrowers as an account stated except to the extent that Agent receives a written notice from Administrative Borrower of any specific
exceptions of Administrative Borrower thereto within thirty (30) days after the date such statement has been received by Winn-Dixie. Until such time as Agent shall have rendered to Administrative Borrower a written statement as provided above,
the balance in any Borrower’s loan account(s) shall be presumptive evidence of the amounts due and owing to Agent and Lenders by Borrowers. 
 (c) At Agent’s option, all principal, interest, fees, costs, expenses and other charges provided for in or arising under this Agreement or the other Loan Documents may be charged directly to the loan
account(s) of any Borrower maintained by Agent. If after receipt of any payment of, or proceeds of Collateral applied to the payment of, any of the Obligations, Agent, any Lender or Issuer is required to surrender or return such payment or proceeds
to any Person for any reason, then the Obligations intended to be satisfied by such payment or proceeds shall be reinstated and continue and this Agreement shall continue in full force and effect as if such payment or proceeds had not been received
by Agent or such Lender. Borrowers shall be liable to pay to Agent, and do hereby indemnify and hold Agent and Lenders harmless for the amount of any payments or proceeds surrendered or returned. This Section 4.14(c) shall remain effective
notwithstanding any contrary action which may be taken by Agent or any Lender in reliance upon such payment or proceeds. This Section 4.14 shall survive the payment of the Obligations and the termination of this Agreement. 

  
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 ARTICLE V 
 CONDITIONS TO EFFECTIVENESS AND INITIAL CREDIT EXTENSIONS 
 SECTION 5.1
Effectiveness and Initial Credit Extension. The effectiveness of this Agreement (and the amendment and restatement of the Existing Credit Agreement), and the obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit
Extension hereunder, shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Article (or waiver thereof in accordance with Section 10.1 hereof). 

SECTION 5.1.1 Executed Counterparts. This Agreement shall have been duly executed and delivered by Borrowers, Agent
and Lenders and the other Loan Documents shall have been executed and delivered by each of the parties thereto. 

SECTION 5.1.2 Repayment of Certain Outstanding Indebtedness, etc. All Obligations (as such term is defined in the
Existing Credit Agreement) (other than in respect of Existing Letters of Credit) outstanding under the Existing Credit Agreement together with all interest and other amounts due and payable with respect thereto to the Existing Lenders that are not
Lenders party hereto, shall have been repaid to such Existing Lenders in full from the proceeds of Revolving Loans made by Lenders party hereto and the commitments of such Existing Lenders shall have been assigned to and assumed by Lenders party
hereto in accordance with the provisions of Section 10.11.1 hereof. 
 SECTION 5.1.3 Resolutions,
etc. Agent shall have received from each Borrower and each Guarantor: 
 (a) a copy of a good standing (or
the equivalent) certificate and certificates of authority to do business (or the equivalent) from all appropriate jurisdictions, each dated a date reasonably close to the Closing Date, for each such Person; and 

(b) a certificate, dated the Closing Date, duly executed and delivered by such Person’s Secretary or Assistant
Secretary, managing member or general partner, as applicable, as to 
 (i) resolutions of each such
Person’s Board of Directors (or other managing body, in the case of other than a corporation) then in full force and effect expressly and specifically authorizing, to the extent relevant, the execution, delivery and performance of each Loan
Document to be executed by each Person and the transactions contemplated hereby and thereby; 

  
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 (ii) the incumbency and signatures of those of its officers, managing
members or general partners, as applicable, authorized to act with respect to each Loan Document to be executed by such Person; and 
 (iii) the full force and validity of each Organic Document of such Person and copies thereof; 

upon which certificates each Secured Party may conclusively rely until it shall have received a further certificate of the Secretary, Assistant
Secretary, managing member or general partner, as applicable, of any such Person canceling or amending the prior certificate of such Person. 
 SECTION 5.1.4 Closing Fees, Expenses, etc. Agent shall have received for its own account, or for the account of each Lender, as the case may be, all fees, costs and expenses due and payable
pursuant to the Fee Letter, Section 3.3 hereof and, to the extent invoiced, Section 10.3 hereof. 

SECTION 5.1.5 Financial Information. Agent shall have received (i) projected monthly balance sheets, income
statements, statements of cash flows and availability of Borrowers and Guarantors for the period through the end of the 2011 fiscal year, (ii) projected annual balance sheets, income statements, statements of cash flows and availability of
Borrowers and Guarantors through December 31, 2015, in each case as to the projections described in clauses (i) and (ii), with the results and assumptions set forth in all of such projections in form and substance satisfactory to Agent in
good faith, and an opening pro forma balance sheet for Borrowers and Guarantors in form and substance satisfactory to Agent in good faith, (iii) any updates or modifications to the projected financial statements of Borrowers and Guarantors
previously received by Agent, in each case in form and substance satisfactory to Agent in good faith, and (iv) copies of interim unaudited financial statements for each monthly period ended since the last audited financial statements for which
financial statements are available, satisfactory to Agent in good faith. 
 SECTION 5.1.6 Collateral
Information. Agent shall have completed its field review of and due diligence with respect to the Records of Borrowers and Guarantors and the Collateral, the results of which shall be reasonably satisfactory to the Co-Collateral Agents in good
faith, consisting of: 
 (a) receipt and review of third party appraisals with respect to Inventory and Pharmacy
Scripts, in each case in form and containing assumptions and appraisal methods satisfactory to the Co-Collateral Agents in good faith and performed by appraisers acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent
and Lenders are expressly permitted to rely; 
 (b) receipt and review of environmental assessments of the Real
Property subject to Mortgages conducted by an independent environmental engineering firm acceptable to Agent, and in form, scope and methodology satisfactory to the Co-Collateral Agents; 

  
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 (c) receipt and review of third party appraisals with respect to the Real
Property, in form and containing assumptions and appraisal methods satisfactory to the Co-Collateral Agents in good faith and performed by appraisers acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent and Lenders
are expressly permitted to rely; 
 (d) an updated and current field examination of the business of Borrowers and
Guarantors and the Collateral in accordance with Agent’s customary procedures and practices and as otherwise reasonably required by the nature and circumstances of the businesses of Borrowers and Guarantors; and 

(e) such other information with respect to the Borrowing Base Assets as Agent may reasonably require to determine the
amount of Loans available to Borrowers (including, without limitation, current perpetual Inventory records and/or roll forwards of Inventory, Pharmacy Scripts and Pharmacy Receivables through the Closing Date and test counts of Inventory and
Pharmacy Scripts in a manner satisfactory to the Co-Collateral Agents in good faith, together with such supporting documentation as may be reasonably necessary or appropriate, and other documents and information that will enable the Co-Collateral
Agents to accurately identify and verify the Borrowing Base Assets). 
 SECTION 5.1.7 Collateral Access
Agreements. Agent shall have received, in form and substance satisfactory to Agent in good faith, all consents, waivers, acknowledgments and other agreements from third persons which Agent in good faith may deem necessary or desirable in order
to permit, protect and perfect the security interests in and liens upon the Collateral or to effectuate the provisions or purposes of this Agreement and the other Loan Documents, including, without limitation, Collateral Access Agreements by lessors
and warehousemen in respect of warehouses and distribution centers used by Borrowers and in respect of the chief executive offices and headquarters of Borrowers. 

SECTION 5.1.8 Blocked Account Agreements. Agent shall have received, in form and substance satisfactory to Agent in
good faith, a Blocked Account Agreement with respect to each Majority Account, duly authorized, executed and delivered by each Majority Account Bank, Agent and each applicable Borrower and Guarantor. 

SECTION 5.1.9 Securities Control Agreements. Agent shall have received, in form and substance satisfactory to Agent
in good faith, Securities Control Agreements with respect to the Qualified Cash Account and each of the securities accounts and uncertificated securities listed in Item 6.25(c) of the Disclosure Schedule, in each case duly executed and
delivered by the applicable Borrower or Guarantor, Agent and the applicable securities intermediary or, to the extent that any such Securities Control Agreements is not delivered on or prior to the Closing Date, Borrowers and Guarantors shall not
hold any financial assets in any securities account, or hold any uncertificated securities (other than of Subsidiaries), in each case, in an aggregate amount greater than $5,000,000 (other than the proceeds of a Qualified Debt Offering temporarily
held in a securities account for not greater than five (5) Business Days), in respect of which such Securities Control Agreement has not been delivered to Agent. 

  
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 SECTION 5.1.10 Processor Letters. Agent shall have received, in form
and substance satisfactory to Agent in good faith, Processor Letters duly authorized, executed and delivered by each applicable Borrower or Guarantor to each Credit Card Issuer and Credit Card Processor listed in Item 6.28 of the Disclosure
Schedule, pursuant to the terms of this Agreement 
 SECTION 5.1.11 Security Agreement. Agent shall have
received the Security Agreement, duly authorized executed and delivered by each Borrower and Guarantor in favor of Agent, and Agent shall be satisfied that (i) the Lien granted to Agent, for the benefit of the Secured Parties, in the Collateral
described in the Security Agreement is a first (subject to Permitted Liens) priority (or local equivalent thereof) security interest (except with respect to Collateral described in the Security Agreement constituting money, letter-of-credit rights,
motor vehicles, motor vehicle trailers, Florida liquor licenses, fixtures and deposit accounts that are not Majority Accounts) and (ii) no Lien (other than Permitted Liens) exists on any of the Collateral described in any Security Agreement
other than the Lien created in favor of Agent, for the benefit of the Secured Parties, pursuant to the Loan Documents. 
 SECTION 5.1.12 Pledge Agreements. (a) Agent shall have received, in form and substance satisfactory to Agent in good faith, each Pledge Agreement, duly authorized executed and delivered by the
applicable Borrower or Guarantor, (b) Agent shall have received originals of the shares of the stock certificates representing all of the issued and outstanding shares of the Capital Securities of each Borrower and Guarantor (other than
Winn-Dixie) pledged pursuant to a Pledge Agreement and owned by any Borrower or Guarantor, in each case together with stock powers duly executed in blank with respect thereto; and (c) Agent shall be satisfied that (i) the Lien granted to
Agent, for the benefit of the Secured Parties, in the Pledged Collateral described in each Pledge Agreement is a duly perfected, first priority (or local equivalent thereof) security interest; and (ii) no Lien exists on any of the Pledged
Collateral described in any Pledge Agreement other than the Lien created in favor of Agent, for the benefit of the Secured Parties, except to the extent consented to by Agent and subject to Permitted Liens. 

SECTION 5.1.13 Mortgages and Related Documents. On or prior to the Closing Date (or such later date as Agent, in
its sole discretion, may permit), Agent shall have received the following items with respect to each Eligible Real Property of W-D Properties, each in form and substance satisfactory to the Co-Collateral Agents in good faith: 

  
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 (a) a valid and perfected first priority Mortgage (subject to Permitted
Liens) in favor of Agent upon such Real Property (whether pursuant to the existing Mortgage on such Eligible Real Property as in effect immediately prior to the Closing Date and, as applicable, a modification agreement as to such Mortgage in favor
of Agent, or a new Mortgage as to such Eligible Real Property not subject to a Mortgage in favor of Agent in connection with the Existing Credit Agreement) in a form suitable for recording or filing, duly authorized, executed and delivered by W-D
Properties; 
 (b) if required in the jurisdiction in which such Real Property is located, evidence that
(A) an amendment to an existing fixture filing naming Agent, as secured party, and the applicable Borrower or Guarantor, as debtor, to reflect W-D Properties as the debtor, or (B) a fixture filing naming Agent, as secured party, and W-D
Properties, as debtor, have been filed with respect to such Real Property; 
 (c) either (A) mortgagee title
insurance policies or (B) an endorsement to the existing mortgagee title insurance policies, in each case in favor of Agent in amounts satisfactory to the Co-Collateral Agents in good faith and issued by insurers satisfactory to Agent, insuring
that title to such Real Property is marketable and that the interests created by the applicable Mortgage constitutes a valid first Lien (subject to Permitted Liens) thereon free and clear of all material defects and encumbrances (other than
Permitted Liens) other than as approved by Agent, and, if required by Agent and if available under then applicable state law, revolving credit endorsement, comprehensive endorsement, variable rate endorsement, access and utilities endorsements,
mechanic’s lien endorsement and such other endorsements as Agent shall reasonably request and accompanied by evidence of the payment in full of all premiums thereon; 

(d) all consents, waivers, acknowledgments, agreements and approvals from other third parties which Agent in good faith
may deem necessary or desirable in order to permit, protect and perfect the Mortgage of Agent in any such Real Property and related assets subject to the Mortgage with respect thereto; 

(e) with respect to Real Property located in a state that assesses a mortgage recordation tax or similar tax, if
applicable, a mortgage tax endorsement to the applicable mortgagee title insurance policy or an opinion of counsel or local counsel with respect to the proper payment of any applicable mortgage recordation taxes as Agent may require in good faith;
and 
 (f) a “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination
with respect to any Collateral consisting of Real Property, and in the event any such Collateral is located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area, (i) a notice
about special flood hazard area status and flood disaster assistance, duly executed by the applicable Borrower and (B) evidence of flood insurance with a financially sound and reputable insurer, in an amount and otherwise sufficient to comply
with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and the payment of premiums in respect thereof. 

  
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 SECTION 5.1.14 Leasehold Mortgages and Related Documents. On or prior
to the Closing Date (or such later date as Agent, in its sole discretion, may permit), Agent shall have received the following items with respect to each Leasehold Property of Stores Leasing, Raleigh Leasing, Montgomery Leasing and Warehouse
Leasing, each in form and substance satisfactory to the Co-Collateral Agents in good faith: 
 (a) a valid and
perfected first priority Leasehold Mortgage (subject to Permitted Liens) in favor of Agent upon such Leasehold Property (whether pursuant to a modification agreement as to Leasehold Property subject to a leasehold mortgage in favor of Agent in
connection with the Existing Credit Agreement or a new Leasehold Mortgage as to Leasehold Property not subject to a leasehold mortgage in favor of Agent in connection with the Existing Credit Agreement) in a form suitable for recording or filing,
duly authorized, executed and delivered by Stores Leasing, Raleigh Leasing, Montgomery Leasing or Warehouse Leasing, as applicable; provided that the delivery of a Leasehold Mortgage shall not be required at any time with respect to (i) the
Leasehold Property identified on Item 5.1.14(a) of the Disclosure Schedule, and (ii) any Leasehold Property, the lease of which is subject to a valid and enforceable prohibition on the granting of a leasehold mortgage by the lessee;

 (b) if required in the jurisdiction in which the Leasehold Property is located, evidence that (A) an
amendment to an existing fixture filing naming Agent, as secured party, and the applicable Borrower or Guarantor, as debtor, to reflect Stores Leasing, Raleigh Leasing, Montgomery Leasing or Warehouse Leasing, as applicable, as debtor, or (B) a
fixture filing naming Agent, as secured party, and Stores Leasing, Raleigh Leasing, Montgomery Leasing or Warehouse Leasing, as applicable, as debtor, have been filed with respect to such Leasehold Property; 

(c) either (A) leasehold title insurance policies or (B) an endorsement to the existing leasehold title
insurance policies, in each case in favor of Agent issued by insurers satisfactory to Agent, insuring that title to such Leasehold Property (together with all other Leasehold Property having an aggregate appraised value of not less than $90,000,000
based on appraisals received by Agent on or about September 1, 2010) is marketable and that the interests created by the Leasehold Mortgages constitute valid first Liens (subject to Permitted Liens) thereon free and clear of all material
defects and encumbrances (other than Permitted Liens) other than as approved by Agent, and, if required by Agent and if available under then applicable state law, revolving credit endorsement, comprehensive endorsement, variable rate endorsement,
access and utilities endorsements, mechanic’s lien endorsement and such other endorsements as Agent shall reasonably request and accompanied by evidence of the payment in full of all premiums thereon, or (B) to the extent that a leasehold
title insurance policy is not requested by Agent for such Leasehold Property and Agent has not received evidence of a lease or memorandum of lease with respect to such Leasehold Property appearing in the applicable real estate records for such
Leasehold Property, a title search for such Leasehold Property showing that the applicable mortgagor is the current record title holder of the leasehold interest; 

(d) all consents, waivers, acknowledgments, agreements and approvals from other third parties which Agent in good faith
may deem necessary or desirable in order to permit, protect and perfect the Leasehold Mortgage of Agent in any such Leasehold Property and related assets subject to the Leasehold Mortgage with respect thereto; and 

  
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 (e) with respect to Leasehold Property located in a state that assesses a
mortgage recordation tax or similar tax, if applicable, a mortgage tax endorsement to the applicable leasehold title insurance policy or an opinion of counsel or local counsel with respect to the proper payment of any applicable mortgage recordation
taxes as Agent may require in good faith. 
 SECTION 5.1.15 Opinions of Counsel. Agent shall have
received, in form and substance satisfactory to Agent in good faith, such opinion letters of special counsel and real estate counsel to Borrowers and Guarantors as Agent may request in good faith, each dated the Closing Date and addressed to Agent
and all Lenders with respect to the Loan Documents and such other matters as Agent may request in good faith. 

SECTION 5.1.16 Filings. All Uniform Commercial Code financing statements, amendments thereto or other similar
financing statements and UCC termination statements required pursuant to the Loan Documents (collectively, the “Filing Statements”) shall have been prepared and available for delivery to a filing service company acceptable to Agent.

 SECTION 5.1.17 Solvency, etc. Agent shall have received, in form and substance satisfactory to Agent in
good faith, a certificate duly executed and delivered by the treasurer or other Authorized Officer of Winn-Dixie, dated as of the Closing Date as to the matters described in Section 6.15 hereof. 

SECTION 5.1.18 UCC Searches. Agent shall have received and reviewed UCC and other lien search results for the
jurisdiction of the chief executive office of each Borrower and the jurisdiction of incorporation or formation for each Borrower, which search results shall be in form and substance satisfactory to Agent in good faith. 

SECTION 5.1.19 Insurance. Agent shall have received, in form and substance satisfactory to Agent in good faith,
evidence of insurance and loss payee endorsements and certificates of insurance policies and/or endorsements naming Agent as loss payee. 
 SECTION 5.1.20 Excess Availability. On the Closing Date, the Excess Availability as determined by Agent shall be not less than $300,000,000 after giving effect to the initial Loans made or to be
made and the Letters of Credit issued or to be issued on the Closing Date. 

  
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 SECTION 5.1.21 No Material Adverse Change. Except to the extent
reflected in Item 6.6 of the Disclosure Schedule, no Material Adverse Change shall have occurred since June 30, 2010. 

SECTION 5.2 All Credit Extensions. The obligation of each Lender and each Issuer to make any Credit Extension (including the
initial Credit Extension) shall be subject to and the satisfaction of each of the conditions precedent set forth below. 
 SECTION 5.2.1 Compliance with Warranties, No Default, etc. Both before and after giving effect to any Credit Extension, the following statements shall be true and correct: 

(a) the representations and warranties set forth in each Loan Document shall, in each case, be true and correct in all
material respects (or in all respects concerning representations and warranties that are already qualified by materiality or Material Adverse Change pursuant to the terms thereof) with the same effect as if then made (unless stated to relate solely
to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (or in all respects concerning representations and warranties that are already qualified by materiality or Material Adverse
Change pursuant to the terms thereof) as of such earlier date); and 
 (b) no Default shall have then occurred
and be continuing. 
 SECTION 5.2.2 Credit Extension Request, etc. Subject to Section 2.3.2 hereof,
Agent shall have received a Borrowing Request if Loans are being requested, or an Issuance Request if a Letter of Credit is being requested or extended. Each of the delivery of a Borrowing Request or Issuance Request and the acceptance by any
Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by each Borrower that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application
of the proceeds thereof) the statements made in Section 5.2.1 hereof are true and correct in all material respects. 
 SECTION 5.2.3 Satisfactory Legal Form. All documents executed or submitted pursuant hereto by or on behalf of any Obligor shall be reasonably satisfactory in form and substance to Agent and its
counsel, and Agent and its counsel shall have received all information, approvals, opinions, documents or instruments as Agent and its counsel may reasonably request. 

  
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 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES 
 In order to induce the Secured Parties to enter into this
Agreement and to make Credit Extensions hereunder, each Borrower represents and warrants to each Secured Party as set forth in this Article. 
 SECTION 6.1 Organization, etc. Such Borrower and each other Obligor is validly organized and existing and in good standing or has active status under the laws of the state or jurisdiction of its
incorporation or organization, is duly qualified to do business and is in good standing as a foreign entity in each jurisdiction where the nature of its business requires such qualification, and has full power and authority and holds all requisite
governmental licenses, permits and other approvals to enter into and perform its Obligations under each Loan Document to which it is a party, to own and hold under lease its property and to conduct its business substantially as currently conducted
by it, except where the failure to be so qualified or in good standing or to have such power or authority as to licenses, permits or approvals would not be reasonably expected to cause a Material Adverse Change. 

SECTION 6.2 Due Authorization, Non-Contravention, etc. The execution, delivery and performance by such Borrower of each Loan
Document executed or to be executed by it, the execution, delivery and performance by each other Obligor of each Loan Document executed or to be executed by it, such Borrower’s and each such Obligor’s participation in the consummation of
all aspects of the transactions contemplated herein, and the execution, delivery and performance by such Borrower or (if applicable) any other Obligor of the agreements executed and delivered by it in connection with the transactions contemplated
herein are in each case within such Person’s powers, have been duly authorized by all necessary action, and do not 
 (a) contravene or result in a default under (i) such Borrower’s or any other Obligor’s Organic Documents, (ii) any contractual restriction binding on or affecting such Borrower or any
other Obligor, (iii) any court decree or order binding on or affecting such Borrower or any other Obligor or (iv) any law or governmental regulation binding on or affecting such Borrower or any other Obligor; or 

(b) result in, or require the creation or imposition of, any Lien on such Borrower’s or any other Obligor’s
properties (except as permitted by this Agreement). 
 SECTION 6.3 Government Approval, Regulation, etc. No authorization
or approval or other action by, and no notice to or filing with, any Governmental Authority, regulatory body or other Person (other than those that have been, or on the Closing Date will be, duly obtained or made and which are, or on the Closing
Date will be, in full force and effect) is required for the consummation of the transactions contemplated herein or the due execution, delivery or performance by such Borrower or any other Obligor of any Loan Document to which it is a party, or for
the due execution, delivery and/or performance of the documents evidencing the transactions contemplated herein, in each case by the parties thereto. No Borrower nor any of their respective Subsidiaries is an “investment company” within
the meaning of the Investment Company Act of 1940, as amended. 

  
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 SECTION 6.4 Validity, etc. This Agreement and the other documents which evidence the
transactions contemplated herein have been duly executed and delivered and constitute, and each other Loan Document executed by each Borrower will, on the due execution and delivery thereof, constitute, the legal, valid and binding obligations of
such Borrower, enforceable against such Borrower in accordance with their respective terms; each Loan Document executed by each other Obligor will, on the due execution and delivery thereof by such Obligor, constitute the legal, valid and binding
obligation of such Obligor enforceable against such Obligor in accordance with its terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws from time to time in effect
affecting creditors’ rights generally and by general principles of equity). 
 SECTION 6.5 Financial Information.
The consolidated financial statements of Winn-Dixie and its Subsidiaries furnished to Agent and each Lender hereunder have been prepared in accordance with GAAP consistently applied, and present fairly the consolidated financial condition of the
Persons covered thereby as at the dates thereof and the results of their operations for the periods then ended. All consolidated balance sheets, all statements of income and of cash flow and all other financial information of each of Winn-Dixie and
its Subsidiaries furnished pursuant to Sections 7.1.1(a) and (b) hereof have been and will for periods following the Closing Date be prepared in accordance with GAAP (except as disclosed therein and except, with respect to unaudited financial
information, for the absence of footnotes, normal year-end audit adjustment and goodwill or other asset impairment adjustments), and do or will present fairly the consolidated financial condition of the Persons covered thereby as at the dates
thereof and the results of their operations for the periods then ended. 
 SECTION 6.6 No Material Adverse Change. Except
to the extent reflected in Item 6.6 of the Disclosure Schedule, no Material Adverse Change has occurred since June 30, 2010. 
 SECTION 6.7 Litigation. There is no pending or, to the best knowledge of any Borrower or any of their Subsidiaries, material real or threatened litigation, action, proceeding or labor controversy:

 (a) except as disclosed in Item 6.7 of the Disclosure Schedule, the Quarterly Reports on Form 10-Q filed
with the SEC prior to the Closing Date by Winn-Dixie since the end of Fiscal Year 2010 or in Winn-Dixie’s most recent public filings, which could materially affect Winn-Dixie, any of its Subsidiaries or any other Obligor, or any of their
respective properties, businesses, assets or revenues, or which could reasonably be expected to result in a Material Adverse Change; or 

  
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 (b) which purports to affect the legality, validity or enforceability of any
Loan Document, the other documents evidencing the transactions contemplated herein and the other transactions contemplated herein (including the Credit Extensions). 
 SECTION 6.8 Subsidiaries. Winn-Dixie has (a) no Subsidiaries, except those Subsidiaries (i) which are U.S. Subsidiaries and are identified in Item 6.8(a) of the Disclosure Schedule,
or (ii) which are permitted to have been organized or acquired in accordance with Sections 7.2.5 or 7.2.10 hereof and (b) as of the Closing Date, no Material Subsidiaries, except those Material Subsidiaries which are identified in
Item 6.8(b) of the Disclosure Schedule. 
 SECTION 6.9 Ownership of Properties 

(a) Except as set forth in subsection (b) or in Item 6.9 to the Disclosure Schedule, such Borrower and each of
its Subsidiaries owns in the case of owned personal property, good and valid title to, or, in the case of leased personal property, valid and enforceable leasehold interests in, all of its properties and assets, tangible and intangible, of any
nature whatsoever, free and clear in each case of all Liens or claims, except for Permitted Liens. 
 (b) W-D
Properties owns good and marketable fee title to all of the Real Property (including without limitation the Real Property listed in Item 6.9 of the Disclosure Schedule). 

(c) Stores Leasing, Raleigh Leasing, Montgomery Leasing and Warehouse Leasing, as applicable, own valid and enforceable
leasehold interests in all of the Leasehold Property, free and clear in each case of all Liens or claims, except for Permitted Liens. 
 SECTION 6.10 Taxes. Except as set forth on Item 6.10 of the Disclosure Schedule, such Borrower and each of its Subsidiaries has filed all tax returns and reports required by law to have been
filed by it, and has paid all Taxes thereby shown to be due and owing, except (a) any such Taxes in an aggregate amount not to exceed $1,000,000 at any one time or (b) any such Taxes which are being diligently contested in good faith by
appropriate proceedings and for which appropriate reserves in accordance with GAAP shall have been set aside on its books. 

SECTION 6.11 Pension and Welfare Plans. During the twelve (12) consecutive month period prior to the date hereof and prior to
the date of any Credit Extension hereunder, no steps have been taken to terminate any Pension Plan, and no contribution failure has occurred with respect to any Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA. No
condition exists or event or transaction has occurred with respect to any Pension Plan which might result in the incurrence by Winn-Dixie or any member of the Controlled Group of any liability, fine or penalty which could reasonably be expected to
result in a Material Adverse Change. Except as disclosed in Item 6.11 of the Disclosure Schedule, neither Winn-Dixie nor any member of the Controlled Group has any contingent liability with respect to any post-retirement benefit under a Welfare
Plan, other than liability for continuation coverage described in Part 6 of Title I of ERISA which could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Change. 

  
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 SECTION 6.12 Environmental Warranties. Except as set forth in Item 6.12 of the
Disclosure Schedule and except to the extent that the failure to comply with any of the requirements listed below could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Change, to each Borrower’s
knowledge and belief, after due investigation: 
 (a) all facilities and property (including underlying
groundwater) owned or leased by any Borrower or any of their Subsidiaries have been, and continue to be, owned or leased by such Borrower and such Subsidiaries in compliance with all Environmental Laws; 

(b) there have been no past, and there are no pending or, to the best of Borrowers’ knowledge, threatened
(i) claims, complaints, notices or requests for information received by any Borrower or any of their Subsidiaries with respect to any alleged violation of any Environmental Law, or (ii) complaints, notices or inquiries to any Borrower or
any of their Subsidiaries regarding potential liability under any Environmental Law; 
 (c) there have been no
Releases of Hazardous Materials at, on or under any property now or previously owned or leased by any Borrower or any of their Subsidiaries; 
 (d) each Borrower and its Subsidiaries have been issued and are in compliance with all permits, certificates, approvals, licenses and other authorizations relating to environmental matters; 

(e) no property now or previously owned or leased by any Borrower or any of their Subsidiaries is listed or proposed for
listing (with respect to owned property only) on the National Priorities List pursuant to CERCLA, on the CERCLIS or on any similar state list of sites requiring investigation or clean-up; 

(f) except as set forth in Item 6.12 of the Disclosure Schedule, there are no underground storage tanks, active or
abandoned, including petroleum storage tanks, on or under any property now or previously owned or leased by any Borrower or any of their Subsidiaries; 
 (g) except as set forth in Item 6.12 of the Disclosure Schedule, neither any Borrower nor any Subsidiary has directly transported or directly arranged for the transportation of any Hazardous Material
to any location which is listed or proposed for listing on the National Priorities List pursuant to CERCLA, on the CERCLIS or on any similar state list or which is the subject of federal, state or local enforcement actions or other investigations
which may lead to claims against any Borrower or such Subsidiary for any remedial work, damage to natural resources or personal injury, including claims under CERCLA; 

  
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 (h) except as set forth in Item 6.12 of the Disclosure Schedule, there
are no polychlorinated biphenyls or friable asbestos present at any property now or previously owned or leased by any such Borrower or any Subsidiary; and 
 (i) no conditions exist at, on or under any property now or previously owned or leased by any Borrower which, with the passage of time, or the giving of notice or both, would give rise to liability under
any Environmental Law. 
 SECTION 6.13 Accuracy of Information. None of the factual information heretofore or
contemporaneously furnished in writing to any Secured Party by or on behalf of any Borrower or Guarantor in connection with any Loan Document or any transaction contemplated hereby contains any untrue statement of a material fact, or omits to state
any material fact necessary to make any information not misleading, and no other factual information hereafter furnished in connection with any Loan Document by or on behalf of any Borrower or Guarantor to any Secured Party will contain any untrue
statement of a material fact or will omit to state any material fact necessary to make any information not misleading on the date as of which such information is dated or certified. 

SECTION 6.14 Regulations U and X. No Obligor is engaged in the business of extending credit for the purpose of purchasing or
carrying margin stock, and no proceeds of any Credit Extensions will be used to purchase or carry margin stock or otherwise for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation U or Regulation X. Terms for which
meanings are provided in F.R.S. Board Regulation U or Regulation X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings. 

SECTION 6.15 Solvency. After giving effect to the consummation of the transactions contemplated hereby, and both before and
immediately after giving effect to any Borrowing requested hereunder, Borrowers (taken as a whole): 
 (a) have
capital sufficient to carry on their businesses as presently conducted and as proposed to be conducted; 
 (b)
have assets with a fair saleable value (as defined below), determined on a going concern basis, (i) not less than the amount required to pay the probable liabilities (including identified contingent, subordinated, unmatured and unliquidated
liabilities, valued at the amount that could reasonably be expected to become absolute and matured) on their existing debts as they become absolute and matured; and (ii) greater than the total amount of their liabilities (including identified
contingent, subordinated, unmatured and unliquidated liabilities, valued at the amount that could reasonably be expected to become absolute and matured); and 
 (c) do not intend to, and do not believe that they will, incur debts or liabilities beyond their ability to pay such debts and liabilities as they mature and become due. 

  
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 For purposes of this Section, the “fair saleable value” of a Borrower’s assets means the
amount which may be obtained for such assets within a reasonable time by a capable and diligent seller from an interested buyer who is willing (but is under no compulsion) to purchase under ordinary selling conditions. 

SECTION 6.16 Capitalization. Attached as Schedule III hereto is a true, complete and accurate description as of the Closing Date
of the equity capital structure of Winn-Dixie showing accurate ownership percentages of the equityholders of record holding ten (10%) percent or more of the outstanding Capital Securities of Winn-Dixie (as such ownership is reflected in the
stock ownership records of Winn-Dixie or in the most recent applicable SEC filing of Winn-Dixie related to share ownership made prior to the Closing Date) and accompanied by a statement of authorized and issued Capital Securities for Winn-Dixie as
of the date hereof. Except as set forth on Schedule III hereto or as otherwise permitted pursuant to this Agreement, there are no (a) obligations of any Borrower or Guarantor to redeem or repurchase any of its securities and (b) other
agreements, arrangements or plans to which any Borrower or Guarantor is a party that could directly or indirectly affect the capital structure of Winn-Dixie in any material respect. All such Capital Securities (i) are validly issued and fully
paid and non-assessable and (ii) of Borrowers (other than Winn-Dixie) and Guarantors are owned of record and beneficially as set forth on Schedule III hereto, except where such ownership has changed pursuant to a transaction involving such
Borrower or Guarantor permitted under this Agreement, and free of any Lien, except for Liens granted to the Secured Parties or otherwise permitted under this Agreement. 
 SECTION 6.17 Compliance with Laws; Authorizations. Except as disclosed in Item 6.17 of the Disclosure Schedule, each Borrower and its Subsidiaries have complied in all respects with all
applicable statutes, rules, regulations, orders and restrictions of any Governmental Authority having jurisdiction over the conduct of its businesses or the ownership of its properties, including, without limitation, the Patriot Act and those
relating to public health and safety and those relating to sales of Inventory comprising tobacco, alcohol and pharmaceuticals, except to the extent such compliance could not reasonably be expected to result in a Material Adverse Change. Neither any
Borrower nor any of their respective Subsidiaries has received any notice to the effect that its operations are not in compliance with any of the requirements of applicable federal, state and local health and safety statutes and regulations which
non-compliance could be reasonably expected to result in a Material Adverse Change. Each Borrower and its Subsidiaries have obtained all authorizations necessary and appropriate to own and operate their businesses (including those relating to sales
of Inventory comprising tobacco, alcohol and pharmaceuticals) and all such authorizations are in full force and effect, except where the failure to so obtain such authorizations or to so keep such authorizations in full force and effect could not be
reasonably expected to result in a Material Adverse Change. 
 SECTION 6.18 No Contractual or Other Restrictions. Except
for restrictions contained in this Agreement or any other agreement with respect to Indebtedness of any Borrower or Guarantor permitted hereunder as in effect on the Closing Date, 
 there are no contractual or consensual restrictions on any Borrower or Guarantor or any of its Subsidiaries which prohibit or otherwise restrict (a) the transfer of cash or other assets
(i) between any Borrower or Guarantor and any of its or their Subsidiaries (other than the Insurance Captive) or (ii) between any Subsidiaries of any Borrower or Guarantor (other than the Insurance Captive) or (b) the ability of any
Borrower or Guarantor or any of its or their Subsidiaries (other than the Insurance Captive) to incur Indebtedness or grant security interests to Agent or any Lender in the Collateral. 

  
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 SECTION 6.19 Absence of Any Undisclosed Liabilities. There are no liabilities of any
Borrower or any of its Subsidiaries of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, and there is no existing condition, situation or set of circumstances, which could reasonably be expected to
result in a Material Adverse Change, other than those liabilities provided for or disclosed in the most recently delivered financial statements. 
 SECTION 6.20 Intellectual Property. Each of Borrowers and their respective Subsidiaries owns and possesses or licenses (as the case may be) all such patents, patent rights, trademarks, trademark
rights, trade names, trade name rights, service marks, service mark rights and copyrights as Borrowers consider necessary for the conduct of the businesses of Borrowers and their respective Subsidiaries as now conducted without, individually or in
the aggregate, any infringement upon rights of other Persons, in each case except as could not reasonably be expected to result in a Material Adverse Change, and there is no individual patent, patent right, trademark, trademark right, trade name,
trade name right, service mark, service mark right or copyright the loss of which could reasonably be expected to result in a Material Adverse Change, except as may be disclosed in Item 6.20 of the Disclosure Schedule. 

SECTION 6.21 Priority of Security Interests. The Liens granted to Agent in the Collateral (as defined in the Security Agreement),
the Pledged Collateral (as defined in the Pledge Agreements) and the Trademark Collateral (as defined in the Trademark Security Agreements) are first (subject to Permitted Liens, and other than money, letter-of-credit rights, motor vehicles, motor
vehicle trailers, fixtures, and deposit accounts that are not Majority Accounts) priority (or the local equivalent thereof) security interests and no Liens exist on any of the Collateral described above other than the Liens created in favor of Agent
pursuant to the Loan Documents and Permitted Liens. 
 SECTION 6.22 Material Contracts. Except as set forth on
Item 6.22 of the Disclosure Schedule, as of the Closing Date, neither Borrowers nor any of their respective Subsidiaries is party to any Material Contract. Neither Borrowers nor any of their respective Subsidiaries are in breach or in default
of or under any Material Contract that could reasonably be expected to result in a Material Adverse Change. Except as set forth on Item 6.22 of the Disclosure Schedule, as of the Closing Date, no notice of the intention of any other party
thereto to terminate any existing Material Contract has been received by or on behalf of any Borrower or any of its Subsidiaries. 

  
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 SECTION 6.23 Intentionally Deleted. 

SECTION 6.24 Accounts. 
 (a) By the close of business on each day, substantially all of the cash of Borrowers and their Subsidiaries (other than In Store Cash and cash in-transit in armored cars as described in
Section 7.4.1) will be held in, or wired to and expected to be received on the next Business Day in, Bank Accounts maintained with Agent. 
 (b) As of the Closing Date, set forth in Item 6.24(b) of the Disclosure Schedule is a true and correct list of Majority Account Banks. A majority of the cash of Borrowers and Guarantors is held in
Bank Accounts with Majority Account Banks. 
 (c) As of the Closing Date, none of Borrowers or Guarantors own any
investment property, other than securities pledged pursuant to the Pledge Agreements and the securities accounts and uncertificated securities listed in Item 6.24(c) of the Disclosure Schedule. 

SECTION 6.25 Intentionally Deleted. 
 SECTION 6.26 Labor Disputes. 
 (a) Set forth in
Item 6.26 of the Disclosure Schedule is a true and correct list (including dates of termination) of all collective bargaining or similar agreements between or applicable to each Borrower and Guarantor and any union, labor organization or other
bargaining agent in respect of the employees of any Borrower or Guarantor on the date hereof. 
 (b) There is
(i) no significant unfair labor practice complaint pending against any Borrower or Guarantor or, to the best of any Borrower’s or Guarantor’s knowledge, threatened against it, before the National Labor Relations Board, and no
significant grievance or significant arbitration proceeding arising out of our under any collective bargaining agreement is pending on the date hereof against any Borrower or Guarantor or, to best of any Borrower’s or Guarantor’s
knowledge, threatened against it, and (ii) no material strike, labor dispute, slowdown or stoppage is pending against any Borrower or Guarantor or, to the best of any Borrower’s or Guarantor’s knowledge, threatened against any
Borrower or Guarantor. 
 SECTION 6.27 Distribution Centers. Set forth in Item 6.27 of the Disclosure Schedule is a
true and correct list of all distribution centers leased by the Obligors as of the Closing Date. 

  
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 SECTION 6.28 Credit Card Issuers and Credit Card Processors. Set forth in
Item 6.28 of the Disclosure Schedule is a true and correct list of all of the Credit Card Agreements and all other material agreements, documents and instruments existing as of 
 the date hereof between or among any Borrower, any of its Affiliates, the Credit Card Issuers, the Credit Card Processors and any of their Affiliates as of the Closing Date. The Credit Card Agreements
constitute all of such agreements necessary for each Borrower to operate its business as presently conducted with respect to credit cards and debit cards and no Accounts of any Borrower arise from purchases by customers of Inventory with credit
cards or debit cards, other than those which are issued by Credit Card Issuers or Credit Card Processors to whom such Borrower has sent a Processor Letter. Each of the Credit Card Agreements constitutes the legal, valid and binding obligations of
the Borrower that is party thereto and, to the best of each Borrower’s knowledge, the other parties thereto, enforceable in accordance with their respective terms and is in full force and effect. No default or event of default, or act,
condition or event which after notice or passage of time or both, would constitute a default or event of default under any of the Credit Card Agreements exists or has occurred and is continuing, in any case, that could reasonably be expected to
result in a Material Adverse Change. Each Borrower and the other parties thereto have complied in all material respects with all of the terms and conditions of the Credit Card Agreements to the extent necessary for such Borrower to be entitled to
receive all payments thereunder. Borrowers have delivered, or caused to be delivered to Agent, true, correct and complete copies of all of the Credit Card Agreements in effect as of the Closing Date. 

SECTION 6.29 Payable Practices. Each Borrower and Guarantor have not made any material change in the historical accounts payable
practices from those in effect immediately prior to the Closing Date. 
 SECTION 6.30 Borrowing Base Assets. All
Borrowing Base Assets included in the Borrowing Base at any time under this Agreement are owned by Borrowers at such time. 

SECTION 6.31 Anti-Terrorism Laws; OFAC. 
 (a) None of Borrowers, nor any of their respective Subsidiaries, is in violation of any laws relating to terrorism or money laundering, including, without limitation, the Patriot Act. 

(b) No Borrower or Guarantor or any of its Subsidiaries is in violation of any of the country or list based economic and
trade sanctions administered and enforced by OFAC. No Borrower or Guarantor or any of its Subsidiaries (i) is a Sanctioned Person or a Sanctioned Entity, (ii) has its assets located in Sanctioned Entities, or (iii) derives revenues
from investments in, or transactions with Sanctioned Persons or Sanctioned Entities. No proceeds of any Credit Extension will be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person
or a Sanctioned Entity. 
 SECTION 6.32 HIPAA Compliance. 

(a) To the extent that and for so long as any Borrower is a “covered entity” within the meaning of HIPAA, such
Borrower (i) has undertaken or will promptly undertake all appropriate surveys, audits, inventories, reviews, analyses and/or assessments (including any necessary risk assessments) of all areas of its business and operations required by HIPAA;
(ii) has developed or will promptly develop an appropriate plan and time line for becoming HIPAA Compliant (a “HIPAA Compliance Plan”); and (iii) has implemented or will implement those provisions of such HIPAA Compliance Plan in
all material respects necessary to ensure that such Borrower is or becomes HIPAA Compliant. 

  
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 (b) For purposes hereof, “HIPAA Compliant” shall mean that a
Borrower (i) is or will be in compliance in all material respects with each of the applicable requirements of the so-called “Administrative Simplification” provisions of HIPAA on and as of each date that any part thereof, or any final
rule or regulation thereunder, becomes effective in accordance with its or their terms, as the case may be (each such date, a “HIPAA Compliance Date”) and (ii) is not and could not reasonably be expected to become, as of any date
following any such HIPAA Compliance Date, the subject of any civil or criminal penalty, process, claim, action or proceeding, or any administrative or other regulatory review, survey, process or proceeding (other than routine surveys or reviews
conducted by any government health plan or other accreditation entity) that could result in any of the foregoing or that has or could reasonably be expected to result in a Material Adverse Change. 

SECTION 6.33 Compliance with Health Care Laws. Without limiting the generality of or any other representation or warranty made
herein or in any of the other Loan Documents: 
 (a) Each Borrower is in compliance in all respects with all
applicable Health Care Laws, including all Medicare and Medicaid program rules and regulations applicable to them, where the failure to so comply could reasonably be expected to result in a Material Adverse Change. Without limiting the generality of
the foregoing, no Borrower has received notice by a Governmental Authority of any violation of any provisions of the Medicare and Medicaid Anti-Fraud and Abuse or Anti-Kickback Amendments of the Social Security Act (presently codified in
Section 1128(B)(b) of the Social Security Act) or the Medicare and Medicaid Patient and Program Protection Act of 1987 that could reasonably be expected to result in a Material Adverse Change. 

(b) Each Borrower has maintained in all material respects all records required to be maintained by the Joint Commission on
Accreditation of Healthcare Organizations, the Food and Drug Administration, Drug Enforcement Agency and State Boards of Pharmacy and the Federal and State Medicare and Medicaid programs and each Borrower and has all necessary permits, licenses,
franchises, certificates and other approvals or authorizations of Governmental Authority as are required under applicable Health Care Laws. 
 (c) Each Borrower which is a Medicare provider or Medicaid provider with a valid provider agreement or operating under a temporary agreement in accordance with all applicable laws, has in a timely manner
filed all requisite cost reports, claims and other reports required to be filed in connection with all Medicare and Medicaid programs due on or before the date hereof, all of which are complete and correct in all material respects. There are no
known claims, actions or appeals pending before any Third Party Payor or Governmental Authority, including without limitation, any Fiscal Intermediary, the Provider Reimbursement Review Board or the Administrator of the Centers for Medicare and
Medicaid Services, with respect to any Medicare or Medicaid cost reports or claims filed by any Borrower on or before the date hereof, in any case that could reasonably be expected to result in a Material Adverse Change. There currently exist no
restrictions, deficiencies, required plans of correction actions or other such remedial measures with respect to Federal and state Medicare and Medicaid certifications or licensure, in any case that could reasonably be expected to result in a
Material Adverse Change. 

  
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 SECTION 6.34 Farm Products, etc. 

(a) None of the Inventory or other Collateral included in the Borrowing Base constitutes Farm Products (as defined in the
UCC) or the proceeds thereof. 
 (b) Each Borrower has not, within the two (2) year period prior to the date
hereof, received any written notice in respect of any claim greater than $100,000 individually or written notices in respect of claims greater than $250,000 in the aggregate pursuant to the applicable provisions of the PSA, PACA, the Food Security
Act, the UCC or any other applicable local laws from (i) any Farm Products Seller or (ii) any lender to any Farm Products Seller or any other Person with a security interest in the assets of any Farm Products Seller or (iii) the
Secretary of State (or equivalent official) or other Governmental Authority of any State, Commonwealth or political subdivision thereof in which any Farm Products purchased by such Borrower are produced, in any case advising or notifying such
Borrower of the intention of such Farm Products Seller or other Person to preserve the benefits of any trust applicable to any assets of any Borrower established in favor of such Farm Products Seller or other Person under the provisions of any law
or claiming a security interest in or lien upon or other claim or encumbrance with respect to any perishable agricultural commodity or any other Farm Products which may be or have been purchased by a Borrower or any related or other assets of such
Borrower (all of the foregoing, together with any such notices as any Borrower may at any time hereafter receive, collectively, the “Food Security Act Notices”). 

(c) No Borrower is a “live poultry dealer” (as such term is defined in the PSA) or otherwise purchases or deals
in live poultry of any type whatsoever. Borrowers do not purchase livestock pursuant to cash sales as such term is defined in the PSA. Borrowers are not subject to the trust provisions of PSA because Borrowers have written agreements providing for
the extension of credit to them for all purchases of meat, poultry, meat products, poultry products and livestock products by Borrowers. Each Borrower is not engaged in, and shall not engage in, raising, cultivating, propagating, fattening, grazing
or any other farming, livestock or aquacultural operations. 
 SECTION 6.35 Intentionally Deleted. 

  
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 ARTICLE VII 
 COVENANTS 
 SECTION 7.1 Affirmative Covenants. Each Borrower agrees with
each Lender, each Issuer and Agent that until the Termination Date has occurred, each Borrower will, and will cause its Subsidiaries to, perform or cause to be performed the obligations set forth below. 

SECTION 7.1.1 Financial Information, Reports, Notices, etc. Winn-Dixie will furnish or cause to be furnished to
Agent (with sufficient copies for each Co-Collateral Agent and each Lender) copies of the following financial statements, reports, notices and information (all in form reasonably satisfactory to Co-Collateral Agents): 

(a) (i) promptly after becoming available and in any event within forty-five (45) days after the end of each of the
first three (3) Fiscal Quarters of each Fiscal Year, an unaudited consolidated balance sheet of Winn-Dixie and its Subsidiaries as of the end of such Fiscal Quarter and consolidated statements of income and cash flow of Winn-Dixie and its
Subsidiaries for such Fiscal Quarter and for the period commencing at the end of the previous Fiscal Year and ending with the end of such Fiscal Quarter, and including (in each case), in comparative form the figures for the corresponding Fiscal
Quarter in, and year to date portion of, the immediately preceding Fiscal Year, certified as complete and correct in all material respects in accordance with GAAP as described in Section 1.4 hereof (subject to customary year-end adjustments and
the absence of notes) by the chief financial or accounting Authorized Officer of Winn-Dixie; 
 (ii)
[intentionally deleted]; and 
 (iii) promptly after becoming available and in any event within twenty-five
(25) days after the end of each Fiscal Month that is not an end of a Fiscal Quarter or the end of a Fiscal Year, an unaudited consolidated balance sheet of Winn-Dixie and its Subsidiaries as of the end of such Fiscal Month and consolidated
statements of income and cash flow of Winn-Dixie and its Subsidiaries for the Fiscal Month and for the period commencing at the end of the previous Fiscal Year and ending with the end of such Fiscal Month, and including (in each case) in comparative
form the figures for the corresponding Fiscal Month of, and year to date portion of, the preceding Fiscal Year, certified as complete and correct in all material respects in accordance with GAAP as described in Section 1.4 hereof (subject to
customary year-end adjustments and the absence of notes) by the chief financial or accounting Authorized Officer of Winn-Dixie; 
 (b) promptly after becoming available and in any event within ninety (90) days after the end of each Fiscal Year, a copy of the consolidated balance sheet of Winn-Dixie and its Subsidiaries, and the
related consolidated statements of income and cash flow of Winn-Dixie and its Subsidiaries for such Fiscal Year, setting forth in comparative form the figures for the immediately preceding Fiscal Year, audited (without any Impermissible
Qualification) by KPMG or other “Big Four” accounting firm, or other firm of independent public accountants acceptable to Agent and as prepared in accordance with GAAP, which shall be accompanied by a calculation of the financial covenants
set forth in Section 7.2.4 hereof in accordance with GAAP as described in Section 1.4 hereof and stating that, in performing the examination necessary to deliver the audited financial statements of Winn-Dixie, either no knowledge was
obtained of any Event of Default or, if such knowledge was obtained, the nature thereof; 

  
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 (c) concurrently with the delivery of the financial information pursuant to
Sections 7.1.1(a) or (b) hereof, a Compliance Certificate, executed by the chief financial or accounting Authorized Officer of Winn-Dixie, (i) showing compliance with the financial covenant set forth in Section 7.2.4 hereof, stating
that no Default has occurred and is continuing (or, if a Default has occurred, specifying the details of such Default and the action that Winn-Dixie or an Obligor has taken or proposes to take with respect thereto) (iii) identifying any
payments of rent and other payments due to owners and lessor of leased property used by Borrowers and Guarantors that are more than thirty (30) days past due and the basis on which such payments are being withheld and/or contested in good
faith, and (iv) the addresses of all new retail store locations and distribution centers of Borrowers and Guarantors opened and existing retail store locations and distribution centers closed or sold, in each case since the most recent
certificate delivered to Agent containing the information required by this clause (iv); 
 (d) Borrowers and
Guarantors shall furnish or cause to be furnished to Agent, thirty (30) days following the end of each Fiscal Year, projected consolidated financial statements (including in each case, balance sheets and statements of operations and statements
of cash flow) of Borrowers and Guarantors for each applicable period, including forecasted income statements, cash flow statements and balance sheets and statements of operations income and loss (collectively, the “Annual Projections”),
all in form and detail reasonably satisfactory to Agent, together with such supporting information as Agent may request in good faith. The Annual Projections shall be prepared on a Fiscal Monthly basis for the next applicable period. The Annual
Projections shall represent the reasonable estimate of Borrowers and Guarantors of the future financial performance of Borrowers and Guarantors for the periods set forth therein prepared on the basis of the assumptions set forth therein which
Borrowers and Guarantors believe are fair and reasonable as of the date of preparation, in light of then current and reasonably foreseeable business conditions (it being understood that actual results may differ from those set forth in such
projected financial statements); 
 (e) [intentionally deleted]; 

(f) as soon as possible and in any event within three (3) Business Days after a Designated Officer of Winn-Dixie or
any other Obligor obtains knowledge of the occurrence of a Default, a statement of an Authorized Officer of Winn-Dixie setting forth details of such Default and the action which Winn-Dixie or such Obligor has taken and proposes to take with respect
thereto; 
 (g) as soon as possible and in any event within three (3) Business Days after a Designated
Officer of Winn-Dixie or any other Obligor obtains knowledge of (i) the occurrence of any material adverse development with respect to any litigation, action, proceeding or labor controversy described in Item 6.7 of the Disclosure Schedule
or (ii) the commencement of any litigation, action, proceeding or labor controversy of the type and materiality described in Section 6.7 hereof, notice thereof and thereafter, to the extent Agent requests, copies of all documentation
relating thereto; 
 (h) promptly after the sending or filing thereof, copies of all reports, notices,
prospectuses and registration statements which any Borrower or Guarantor files with the SEC or any national securities exchange; 

  
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 (i) promptly but, in any event, within three (3) Business Days after a
Designated Officer becoming aware of (i) the institution of any steps by any Person to terminate any Pension Plan, (ii) the failure to make a required contribution to any Pension Plan if such failure is sufficient to give rise to a Lien
under Section 302(f) of ERISA, (iii) the taking of any action with respect to a Pension Plan which could result in the requirement that any Obligor furnish a bond or other security to the PBGC or such Pension Plan, or (iv) the
occurrence of any event with respect to any Pension Plan which could reasonably be expected to result in a Material Adverse Change notice thereof and copies of all documentation relating thereto; 

(j) promptly after receipt thereof, copies of all “management letters” submitted to Winn-Dixie or any other
Obligor by the independent public accountants referred to in subsection (b) in connection with each audit made by such accountants; 
 (k) promptly following any Subsidiary becoming a Material Subsidiary, the name and any other information reasonably requested by Agent in respect of any such Subsidiary which has become a Material
Subsidiary; 
 (l) promptly as required, the reports and documents specified in Section 7.3.1 hereof;

 (m) [intentionally deleted]; 

(n) such budgets, forecasts, projections and other financial or other information respecting the Collateral and the
business of Borrowers and Guarantors as any Lender, Collateral Agent or Issuer through Agent may from time to time reasonably request (including information and reports in such detail as Agent may reasonably request with respect to the terms of and
information provided pursuant to the applicable Compliance Certificate); 
 (o) promptly after the occurrence of
any of the following, Administrative Borrower will notify Agent of the issuance of any material preemptive rights, subscriptions, warrants or options issued by any Borrower or Guarantor to purchase any of its Capital Securities; and 

(p) promptly after the sending or filing thereof, copies of all material reports (other than any such reports comparable
to those being delivered pursuant to this Agreement) which Winn-Dixie or any other Borrower or Guarantor sends to the holders of a Qualified Debt Offering generally or the Qualified Debt Agent, if applicable. 

Subject to Section 10.21 hereof, Agent is hereby authorized to deliver a copy of any financial statement or any other information relating to the
business of Borrowers and Guarantors to any court or other Governmental Authority or to any Lender, Co-Collateral Agent or Participant or prospective Lender or Participant or any Affiliate of any Lender, Co-Collateral Agent or Participant. Each
Borrower and Guarantor hereby irrevocably authorizes and directs all accountants or auditors to deliver to Agent, at Borrowers’ expense, copies of the financial statements of any Borrower and Guarantor and any management letters prepared by
such accountants or auditors on behalf of any Borrower or Guarantor and to discuss with Agent and the Lenders such information as they may have regarding the business of any Borrower and Guarantor; provided, that,
(i) Administrative Borrower shall be given prior notice of such discussions and the opportunity to participate in such discussions, (ii) in no event shall such auditors or accountants be required to furnish to Agent or such Lenders,
without the written consent of Administrative Borrower, any such information that may be subject to accounting or legal privileges applicable to the disclosure of such information and (iii) to the extent that such auditors or accountants
disclose any non-public information to Agent or Lenders which is clearly and conspicuously marked or identified as confidential at the time such information is furnished to Agent, such non-public information shall be subject to the provisions of
Section 10.21 hereof. Any documents, schedules, invoices or other papers delivered to Agent or any Lender by and Borrowers or Guarantors may be destroyed or otherwise disposed of by Agent or such Lender one (1) year after the same are
delivered to Agent or such Lender, except as otherwise designated by the Administrative Borrower to Agent or such Lender in writing. 

  
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 Documents required to be delivered pursuant to Sections 7.1.1(a)(i), 7.1.1(b) or 7.1.1(h) (to the extent any
such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which such documents are posted on a Borrower’s behalf on an
Internet or intranet website, if any, to which each Lender and Agent has access (whether commercial, third-party website or whether sponsored by Agent); provided, that, Borrowers shall notify Agent and each Lender (by telecopier or
electronic mail) of the posting of any such documents and provide to Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every instance Borrowers shall be required to
provide paper or pdf copies of the Compliance Certificates required to be delivered by Section 7.1.1(c) to Agent. Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event
shall have no responsibility to monitor compliance by Borrowers with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

SECTION 7.1.2 Maintenance of Existence; Compliance with Laws, etc. Winn-Dixie will, and will cause each of the
other Borrowers and Guarantors to (a) preserve and maintain its legal existence (except as otherwise permitted by Section 7.2.10 hereof), and (b) comply in all respects with all applicable laws, rules, regulations and orders,
including (i) any such applicable laws, rules, regulations and orders with respect to any Pension Plan, and (ii) the payment (before the same become delinquent), of (A) all Taxes, imposed upon Winn-Dixie or its Subsidiaries or upon
their property, except to the extent being diligently contested in good faith by appropriate proceedings and for which appropriate reserves in accordance with GAAP have been set aside on the books of Winn-Dixie or its Subsidiaries, as applicable,
and (B) at or before maturity or before they become delinquent, as the case may be, in accordance with industry practice (subject, where applicable, to specified grace periods), all their payment obligations of whatever nature and any
additional costs that are imposed as a result of any failure to so pay, discharge or otherwise satisfy such obligations (other than when the amount or validity of such obligations and costs is currently being contested in good faith by appropriate
proceeding and reserves, if applicable, in conformity with GAAP with respect thereto have been provided on the books of Winn-Dixie or its Subsidiaries, as the case may be), except where the failure to comply with the requirements of this clause
(b) could not reasonably be expected to result in a Material Adverse Change. 

  
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 SECTION 7.1.3 Maintenance of Properties. Winn-Dixie will, and will
cause each of its Subsidiaries to, generally maintain, preserve (including remodeling or retrofitting), protect and keep its and their respective properties in good repair, working order and condition (ordinary wear and tear and Casualty Events
excepted), and make necessary repairs, renewals and replacements (except insofar as such is the obligation of a landlord under a lease of Leasehold Property) so that the business carried on by Winn-Dixie and its Subsidiaries may be properly
conducted at all times, unless Winn-Dixie or such Subsidiary determines in good faith that the continued preservation or maintenance of such property is no longer desirable. 

SECTION 7.1.4 Insurance. 
 (a) Winn-Dixie will, and will cause each of its Subsidiaries to: 

(i) maintain insurance on its property with financially sound and reputable insurance companies against loss and damage
in at least the amounts (and with only those deductibles and self-insurance amounts) customarily maintained, and against such risks as are typically insured against in the same general area, by Persons of comparable size engaged in the same or
similar business as Winn-Dixie and its Subsidiaries, it being understood that Winn-Dixie and its Subsidiaries may be self-insured in substantial amounts with respect to various insurable risks, with deductibles on property insurance of $10 million
per year and deductibles on wind and rain damage of $10 million per occurrence; and 
 (ii) maintain all
workers’ compensation, employer’s liability insurance or similar insurance as may be required under the laws of any state or jurisdiction in which it may be engaged in business. 

(b) Any insurance policies obtained by Borrowers and Guarantors after the date hereof shall be substantially similar in
all material respects as to form, amount and insurer to the insurance policies maintained by each Borrower and Guarantor on the date hereof, and to the extent not, shall be reasonably satisfactory to Agent as to form, amount and insurer. 

(c) Borrowers and Guarantors shall furnish certificates, policies or endorsements to Agent as Agent shall reasonably
require as proof of such insurance, and, if any Borrower or Guarantor fails to do so within five (5) Business Days of Agent’s request, Agent is authorized, but not required, to obtain such insurance at the expense of Borrowers. By
purchasing any of the insurance referred to in this Section 7.1.4(c), Agent shall not be deemed to have waived any Default or Event of Default arising from any Borrower’s and Guarantor’s failure to maintain such insurance or pay any
such premiums in respect thereof. 

  
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 (d) If any portion of any Collateral is at any time located in an area
identified by the Federal Emergency Management Agency (or any successor agency) as a “flood hazard area” with respect to which flood insurance has been made available under any of the Flood Insurance Laws, then Borrowers shall
(i) with respect to such Collateral maintain with responsible and reputable insurance companies acceptable to Agent, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant
to the Flood Insurance Laws and (ii) deliver to Agent evidence of such compliance in form and substance reasonably acceptable to the Co-Collateral Agents. All premiums on any of the insurance referred to in this Section 7.1.4(b) shall be
paid when due by Borrowers and if requested by Agent, summaries of the policies shall be provided to Agent annually or as it may otherwise request. Without limiting the rights of Agent provided for above, if Borrowers fail to obtain or maintain any
insurance required under the Flood Insurance Laws, Agent may obtain it at Borrowers’ expense. By purchasing any of the insurance referred to in this Section 7.1.4(b), Agent shall not be deemed to have waived any Default or Event of Default
arising from any Borrower’s failure to maintain such insurance or pay any such premiums in respect thereof. 

(e) Without limiting the foregoing, all insurance policies required pursuant to this Section shall (i) name Agent on
behalf of the Secured Parties as mortgagee and loss payee (in the case of property, hazard and flood insurance) and additional insured (in the case of liability insurance), as applicable, and provide that no cancellation or modification of the
policies will be made without thirty (30) days’ prior written notice to Agent, and (ii) be in addition to any requirements to maintain specific types of insurance contained in the other Loan Documents (including hazard insurance and
business interruption insurance). Borrowers and Guarantors shall obtain non-contributory lender’s loss payable endorsements to all insurance policies in form and substance reasonably satisfactory to Agent. Such lender’s loss payable
endorsements shall specify that the proceeds of such insurance shall be payable to Agent as its interests may appear and further specify that Agent and Lenders shall be paid regardless of any act or omission by any Borrower, Guarantor or any of its
or their Affiliates. 
 SECTION 7.1.5 Books and Records. Winn-Dixie will, and will cause each of its
Subsidiaries to, keep books, records and accounts in accordance with GAAP which accurately reflect in all material respects all of its business affairs and transactions and permit each Secured Party or any of their respective representatives, at
reasonable times and intervals upon reasonable notice to Winn-Dixie, to visit each Obligor’s offices, to discuss such Obligor’s financial matters with its officers and employees, and its independent public accountants (and Winn-Dixie
hereby authorizes such independent public accountant to discuss Winn-Dixie’s and each other Obligor’s financial matters with each Secured Party or their representatives, provided that such Secured Party provides reasonable prior notice of
any such discussions to Winn-Dixie and affords Winn-Dixie an opportunity to have its representative participate in such discussions) and to examine (and photocopy extracts from) any of its books, records and accounts including any “management
letters” prepared by independent accountants. Borrowers shall pay any fees of such independent public accountant incurred in connection with any Secured Party’s exercise of its rights pursuant to this Section. 

SECTION 7.1.6 Environmental Law Covenant. Except to the extent the failure to comply with any of the requirements
listed below could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Change, Winn-Dixie will, and will cause each of its Subsidiaries to, 

  
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 (a) use and operate all of its and their facilities and properties in
compliance with all Environmental Laws, keep all necessary permits, approvals, certificates, licenses and other authorizations relating to environmental matters in effect and remain in compliance therewith, and handle all Hazardous Materials in
compliance with all applicable Environmental Laws; and 
 (b) promptly notify Agent and provide copies upon
receipt of all written claims, complaints, notices or inquiries relating to the condition of its facilities and properties in respect of, or as to compliance with, Environmental Laws, and shall diligently resolve any non-compliance with
Environmental Laws and keep its property free of any Lien imposed by any Environmental Law. 
 SECTION 7.1.7
Use of Proceeds. Borrowers will (a) apply the proceeds of the Revolving Loans (i) for general corporate and working capital purposes of Borrowers and their Subsidiaries (including Permitted Acquisitions), (ii) to pay any fees
and expenses incurred in connection with the transactions contemplated hereby, and (iii) for issuing Letters of Credit for the account of Borrowers and the Guarantors in the ordinary course of their business, and (b) use the Standby Letter
of Credit facility and the Standby Letters of Credit only in a manner consistent with the requirements of Section 7.1.10 hereof. 
 SECTION 7.1.8 Future Guarantors, Security, etc. 
 (a)
Winn-Dixie will, and will cause each U.S. Subsidiary (other than the Insurance Captive) to, execute any documents, Filing Statements, agreements and instruments (including, without limitation, Collateral Access Agreements, Blocked Account
Agreements, Securities Account Control Agreements and Processor Letters), and take all further action (including filing Mortgages, Leasehold Mortgages and/or amendments thereto) that may be required under applicable law, or that Agent may reasonably
request, in order to effectuate the transactions contemplated by the Loan Documents and in order to grant, preserve, protect and perfect the validity and first priority (subject to Permitted Liens) of the Liens created or intended to be created by
the Loan Documents. 
 (b) Winn-Dixie will promptly cause any subsequently acquired or organized Material
Subsidiary which is a U.S. Subsidiary (other than the Insurance Captive), any U.S. Subsidiary which becomes a Material Subsidiary or any other U.S. Subsidiary which is wholly-owned by Winn-Dixie owning assets having a value of not less than
$1,000,000 to execute a supplement to the Guarantee Agreement, the Security Agreement and each other applicable Loan Document in favor of the Secured Parties. 
 (c) From time to time, Borrowers will, at their cost and expense, promptly secure the Obligations by pledging or creating, or causing to be pledged or created, perfected Liens with respect to such of its
and its U.S. Subsidiaries’ (other than the Insurance Captive) assets and properties (other than (i) Leasehold Property, the lease of which is subject to a valid and enforceable prohibition on the granting of a leasehold mortgage by the
lessee, (ii) aircraft and vessels and (iii) in respect of the perfection of Liens only, money, letter-of-credit rights, motor vehicles, motor vehicle trailers, Florida liquor licenses and, in each case except as set forth in the Security
Agreement, Deposit Accounts (as defined in the Security Agreement) that are not Majority Accounts as Agent or the Required Lenders shall designate), provided that neither Borrowers nor their Subsidiaries shall be required to pledge more than
sixty-five percent (65%) of the Voting Securities of any Foreign Subsidiary or to grant a Lien that would cause a breach by any Borrower or any of their Subsidiaries of any obligation to any Person the incurrence of which is permitted by this
Agreement (including under Sections 7.2.2 and 7.2.14 hereof). Such Liens will be created under the Loan Documents in form and substance satisfactory to the Co-Collateral Agents in good faith, and Borrowers shall deliver or cause to be delivered to
Agent all such instruments and documents (including legal opinions, title insurance policies and lien searches) as Agent shall reasonably request in connection with the deliveries required under, or to evidence compliance with this Section.

  
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 SECTION 7.1.9 Conduct of Business; Separate Existence; Maintenance of
Authorizations. Winn-Dixie will, and will cause each of its Material Subsidiaries (subject, in the case of such Material Subsidiaries, to transactions permitted under Section 7.2.10 hereof), to (a) conduct their respective businesses
as described in Section 7.2.1 hereof; (b) do all things necessary to remain duly organized, validly existing and in good standing in its jurisdiction of organization and maintain all requisite authority to conduct its business in each
jurisdiction in which its business is conducted; and (c) do all things reasonably necessary to renew, extend and continue in effect all authorizations which may at any time and from time to time be necessary to operate and own the business and
assets of Winn-Dixie and its Subsidiaries in compliance with all applicable laws and regulations, except in each case where the failure to take such actions or to so comply with any of the foregoing could not reasonably be expected to result in a
Material Adverse Change. 
 SECTION 7.1.10 Standby Letters of Credit. Winn-Dixie will, and will cause each
of its applicable Subsidiaries to, ensure that all Standby Letters of Credit are issued only to support obligations of Winn-Dixie or any of its Subsidiaries, in each case, arising or incurred in the ordinary course of business, and for no other
purpose. 
 SECTION 7.1.11 Offsite Books and Records. Winn-Dixie will, and will cause its applicable
Subsidiaries to, maintain and update copies of substantially all electronic records or reports of Collateral and copies of substantially all electronic books and records of each Borrower and Guarantor in a backup data storage system housed at the
existing distribution facility in Baldwin, Florida, or other premises owned or controlled by any Borrower. 

SECTION 7.1.12 Eligible Borrowing Base Assets. Winn-Dixie will, and will cause its applicable Subsidiaries to,
ensure at all times that all Borrowing Base Assets included in the Borrowing Base are owned by a Borrower under this Agreement at the time of such inclusion. 

  
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 SECTION 7.1.13 Agricultural Products. 

(a) Each Borrower shall at all times comply with all existing and future Food Security Act Notices during their periods of
effectiveness under the Food Security Act, including, without limitation, directions to make payments to the Farm Products Seller by issuing payment instruments directly to the secured party with respect to any assets of the Farm Products Seller or
jointly payable to the Farm Products Seller and any secured party with respect to the assets of such Farm Products Seller, as specified in the Food Security Act Notice, so as to promptly terminate or release the security interest in any Farm
Products maintained by such Farm Products Seller or any secured party with respect to the assets of such Farm Products Seller under the Food Security Act, in any case, where failure to so comply could reasonably be expected to result in a Material
Adverse Change. 
 (b) Each Borrower shall take all other actions as may be reasonably required, if any, to
ensure that any perishable agricultural commodity (in whatever form) or other Farm Products are purchased free and clear of any security interest, lien or other claims in favor of any Farm Products Seller or any secured party with respect to the
assets of any Farm Products Seller, in any case, where failure to so comply could reasonably be expected to result in a Material Adverse Change. 
 (c) Each Borrower shall promptly notify Agent in writing after receipt by or on behalf of such Borrower of any Food Security Act Notice or amendment to a previous Food Security Act Notice, and including
any notice in respect of any claim greater than $100,000 individually or notices in respect to claims greater than $250,000 in the aggregate from any Farm Products Seller of the intention of such Farm Products Seller to preserve the benefits of any
trust applicable to any assets of any Borrower or Guarantor under the provisions of the PSA, PACA or any other statute and such Borrower shall promptly provide Agent with a true, correct and complete copy of such Food Security Act Notice or
amendment, as the case may be, and other information delivered to or on behalf of such Borrower pursuant to the Food Security Act. 
 (d) In the event any Borrower receives a Food Security Act Notice, such Borrower shall pay the related invoice within the payment terms specified therein and notify Agent of such receipt; provided,
that, such invoice may remain unpaid if, and only so long as (i) appropriate legal or administrative action has been commenced in good faith and is being diligently pursued or defended by such Borrower, (ii) adequate reserves with
respect to such contest are maintained on the books of such Borrower, in accordance with GAAP, (iii) Agent shall have established a Reserve in an amount at least equal to the amount claimed to be due by such vendor under the relevant invoice,
(iv) such Borrower shall promptly pay or discharge such contested invoice and all additional charges, interest, penalties and expenses, if any, and shall deliver to Agent evidence reasonably acceptable to Agent of such payment, if such contest
is terminated or discontinued adversely to such Borrower or the conditions set forth in this Section 7.1.13(d) are no longer met. 
 (e) If any Borrower purchases any Farm Products from a Person who produces such Farm Products in a state with a central filing system certified by the United States Secretary of Agriculture, such Borrower
shall immediately register as a buyer with the Secretary of State of such state (or the designated system operator). Each Borrower shall promptly forward to Agent a copy of such registration as well as a copy of all relevant portions of the master
list periodically distributed by any such Secretary of State (or the designated system operator). Each Borrower shall comply with any payment obligations in connection with the purchase of any Farm Products imposed by a secured party as a condition
of the waiver or release of a security interest effective under the Food Security Act or other applicable law whether or not as a result of direct notice or the filing under any applicable central filing system. Each Borrower shall also provide to
Agent not later than the fifth (5th) day of each month, true and correct copies of all state filings recorded in any such central filing system in respect of a Person from whom a Borrower has purchased Farm Products within the preceding twelve
(12) months. 

  
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 SECTION 7.1.14 Credit Card Agreements. Each Borrower and Guarantor
shall (a) observe and perform all material terms, covenants, conditions and provisions of the Credit Card Agreements to be observed and performed by it at the times set forth therein; (b) maintain in full force and effect the Credit Card
Agreements and not terminate, cancel, surrender, modify, amend, waive or release any of the Credit Card Agreements, or consent to or permit to occur any of the foregoing, except that any Borrower may terminate or cancel any of the Credit Card
Agreements in the ordinary course of the business of such Borrower; provided, that, such Borrower shall have given Agent not less than fifteen (15) days prior written notice of its intention to so terminate or cancel any of the
Credit Card Agreements; (c) give Agent immediate written notice of any Credit Card Agreement entered into by such Borrower after the date hereof, together with a true, correct and complete copy thereof and such other information with respect
thereto as Agent may request; (d) each Borrower and Guarantor shall notify Agent promptly of (i) any notice of a material default by any Borrower under any of the Credit Card Agreements or of any default which might result in the Credit
Card Issuer or Credit Card Processor ceasing to make payments or suspending payments to any Borrower, (ii) any notice from any Credit Card Issuer or Credit Card Processor that such Person is ceasing or suspending, or will cease or suspend, any
present or future payments due or to become due to any Borrower from such Person, or that such Person is terminating or will terminate any of the Credit Card Agreements, and (iii) the failure of any Borrower to comply with any material terms of
the Credit Card Agreements or any terms thereof which might result in the Credit Card Issuer or Credit Card Processor ceasing or suspending payments to any Borrower; and (e) furnish to Agent, promptly upon the request of Agent, such information
and evidence as Agent may require from time to time concerning the observance, performance and compliance by such Borrower or the other party or parties thereto with the terms, covenants or provisions of the Credit Card Agreements. 

SECTION 7.1.15 Post-Closing Deliveries. 

(a) Within sixty (60) days after the date hereof (or such longer period as Agent may agree, in writing, in its
discretion), Winn-Dixie will deliver, or cause its Subsidiaries to deliver, in form and substance reasonably satisfactory to Agent in good faith, modifications to existing Mortgages (i) relating to Real Property and/or Leasehold Property
located in Georgia and Mississippi so as to have such Mortgages refer to this Agreement and the terms hereof, and (ii) adding certain additional Real Property and/or Leasehold Property to the Lien of such Mortgages where such Real Property or
Leasehold Property is not encumbered by such Mortgages as of the Closing Date, in each case as may be applicable and as reasonably required by Agent, duly authorized, executed and delivered by Winn-Dixie or such Subsidiary, as applicable.

  
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 (b) Within sixty (60) days after the date hereof (or such longer period
as Agent may agree, in writing, in its discretion), Winn-Dixie will deliver, or cause its Subsidiaries to deliver, in form and substance reasonably satisfactory to Agent in good faith, pro forma title endorsements to the existing title insurance
policies relating to the Real Property and/or Leasehold Property that are the subject of the Mortgage modifications described in clause (a) above, issued by First American Title Insurance Company, together with issued endorsements to be
received by Agent promptly after recordation of such modifications. 
 (c) Within twenty (20) days after the
date hereof (or such longer period as Agent may agree, in writing, in its discretion), Winn-Dixie will deliver, or cause its Subsidiaries to deliver, in form and substance reasonably satisfactory to Agent in good faith, evidence of the termination
of record of the UCC Financing Statement, file number 200305528988, filed on November 24, 2003 with the Secretary of State of the State of Florida, by Regions Bank (as successor in interest to AmSouth Bank), as secured party against Winn-Dixie,
as debtor. 
 (d) Except as otherwise set forth herein, upon the request of Agent, Winn-Dixie will use its
commercially reasonable efforts to deliver, or cause its Subsidiaries to deliver, in form and substance reasonably satisfactory to Agent in good faith, all consents, waivers, acknowledgments and other agreements from third persons which Agent in
good faith may deem necessary or desirable in order to permit, protect and perfect its Liens upon the Collateral or to effectuate the provisions or purposes of this Agreement and the other Loan Documents. 

SECTION 7.2 Negative Covenants. Each Borrower covenants and agrees with each Lender, each Issuer and Agent that until the
Termination Date has occurred, each Borrower will, and will cause its Subsidiaries to, perform or cause to be performed the obligations set forth below. 
 SECTION 7.2.1 Business Activities. (a) Winn-Dixie will not, and will not permit any of its Subsidiaries to, engage in any business activity except those business activities engaged in on or prior
to the date of this Agreement and activities reasonably related or incidental thereto (which shall include trucking and other transportation services to third parties) and (b) the Insurance Captive does not and will not own any assets (other
than cash, Cash Equivalents or other readily marketable securities reasonably acceptable to Agent) nor engage in operations, business or activity other in connection with providing insurance coverage in respect of Winn-Dixie and its Subsidiaries and
Affiliates and their respective operations and properties, and in respect of properties situated in the same shopping centers of other business sites where the properties owned or leased by Winn-Dixie or such Subsidiaries or Affiliates are located,
and such activities that are incidental or reasonably related thereto. 

  
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 SECTION 7.2.2 Indebtedness. Winn-Dixie will not, and will not permit
any of its Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, other than: 
 (a)
Indebtedness in respect of (i) the Obligations (including with respect to the Existing Letters of Credit) and (ii) any Hedging Obligations incurred in the furtherance of the businesses of Winn-Dixie and its Subsidiaries permitted pursuant
to Section 7.2.1 hereof; provided, that, (A) such Hedging Obligations are to Bank Product Providers, (B) such Hedging Obligations are not incurred under agreements entered into for speculative purposes or as an arbitrage
of rates, and (C) such Hedging Obligations are unsecured, except to the extent such Hedging Obligations arise under or pursuant to Rate Protection Agreements that are secured under the terms of the Loan Documents; 

(b) Indebtedness of Borrowers existing as of the Closing Date which is identified in Item 7.2.2(b) of the Disclosure
Schedule, and refinancing of such Indebtedness; provided that (i) the principal amount (as such amount may have been reduced following the Closing Date) thereof is not increased, (ii) the maturity date thereof, taken as a whole, is not
shortened, and (iii) the material terms thereof are not materially more onerous on any such Borrower than the terms contained in the Indebtedness being refinanced; 

(c) Indebtedness (i) incurred in the ordinary course of business of Winn-Dixie and its Subsidiaries (including open
accounts extended by suppliers on normal trade terms in connection with purchases of goods and services which are not overdue for a period of more than ninety (90) days or, if overdue for more than ninety (90) days, as to which a dispute
exists and appropriate reserves in conformity with GAAP have been established on the books of Winn-Dixie or such Subsidiary) and (ii) in respect of performance, surety or appeal bonds provided in the ordinary course of business, but excluding
(in each case), Indebtedness incurred through the borrowing of money or Contingent Liabilities in respect thereof; 
 (d) Indebtedness (i) in respect of industrial revenue bonds or other similar governmental or municipal bonds, (ii) evidencing the deferred purchase price of newly acquired property or incurred
to finance the acquisition of equipment of Winn-Dixie and its Subsidiaries (pursuant to purchase money mortgages or otherwise, whether owed to the seller or a third party), in each case used in the ordinary course of business of Winn-Dixie and its
Subsidiaries; provided that such Indebtedness is incurred within one (1) year of the acquisition of such property; and (iii) constituting Capitalized Lease Liabilities (for the purposes of this clause (d)(iii), Capitalized Lease
Liabilities shall not include any sale and leaseback transaction permitted under Section 7.2.15 hereof); provided that (A) the aggregate amount of all Indebtedness outstanding pursuant to this clause (d)(iii) shall not at any time exceed
$100,000,000 and (B) neither Winn-Dixie nor any Material Subsidiary may have any Contingent Liability in respect of such Indebtedness incurred by any Subsidiary which is not a Guarantor; 

(e) (i) Indebtedness of any Borrower or Guarantor owing to any Borrower or any Guarantor, (ii) Indebtedness of the
Insurance Captive owing to any Borrower or Guarantor in an aggregate amount for all such Indebtedness not to exceed $25,000,000 (which Indebtedness shall not, when aggregated with the amount of Investments made by Borrowers and Guarantors under
Section 7.2.5(d)(iii) hereof, exceed $25,000,000), so long as (A) at the time of the incurrence of such Indebtedness, no Event of Default has occurred and is continuing and Quarterly Average Excess Availability is greater than
$100,000,000, and (B) immediately after giving effect to the incurrence of such Indebtedness, no Event of Default shall have occurred and be continuing and Excess Availability is greater than $100,000,000, and (iii) Indebtedness of any
Borrower owing to the Insurance Captive in an aggregate amount for all such Indebtedness not to exceed $25,000,000, in each case 

  
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 (A) which Indebtedness shall not be forgiven or otherwise discharged for
any consideration other than payment in full or in part in cash (provided that only the amount repaid in part shall be discharged); and 
 (B) to the extent such Indebtedness is payable to any Borrower or a Guarantor and evidenced by one or more promissory notes, the originals of any such promissory notes shall be pledged to Agent;

 (f) unsecured Indebtedness (not evidenced by a note or other instrument) of Winn-Dixie owing to a Guarantor
that has previously executed and delivered to Agent the Interco Subordination Agreement; 
 (g) [intentionally
deleted]; 
 (h) Indebtedness of a Person existing at the time such Person became a Subsidiary of Winn-Dixie, but
only if such Indebtedness was not created or incurred in contemplation of such Person becoming a Subsidiary and the aggregate outstanding amount of all Indebtedness existing pursuant to this subsection does not result in a Default; provided that
neither Borrowers nor any Material Subsidiary may have any Contingent Liability in respect of such Indebtedness incurred by any Subsidiary which is not a Guarantor, except to the extent such Contingent Liability represents an Investment in such
Subsidiary that is permitted under Section 7.2.5 hereof; 
 (i) Indebtedness incurred in connection with the
relocation of personnel outstanding as of the date hereof, plus, from and after the date hereof, an aggregate amount at any time not to exceed $5,000,000; 
 (j) Indebtedness in respect of letters of credit (other than Letters of Credit issued pursuant to this Agreement) that (i) are stated to expire not later than one year from the date of initial
issuance or extension and (ii) are issued to support workers compensation obligations, bankers acceptances, performance bonds, surety bonds, appeal bonds or performance guarantees in each case incurred in connection with the businesses of
Winn-Dixie and its Subsidiaries permitted pursuant to Section 7.2.1 hereof, provided that the aggregate amount of all Indebtedness outstanding pursuant to this subsection shall not at any time exceed $25,000,000 (as such amount may be increased
dollar-for-dollar to the extent that the Letter of Credit Limit has been permanently reduced pursuant to Section 2.2 hereof); 
 (k) Indebtedness of a Borrower to an Insurance Premium Lender, provided, that, 

  
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 (i) in no event shall the aggregate amount of such Indebtedness outstanding
to all Insurance Premium Lenders at any time exceed $30,000,000, 
 (ii) the Insurance Premium Lender to which
such Indebtedness is owed shall only have the right to cancel or terminate the insurance policy subject to its security interest, and shall only cancel or terminate any such policy, after ten (10) days prior written notice to Agent and may only
take such action with respect to such policy in the event that (A) the applicable Borrower has failed to make a regularly scheduled payment in respect of the Indebtedness owed to such Insurance Premium Lender when due and described in this
Section 7.2.2(k), and (B) any applicable cure period with respect thereto has expired, 
 (iii) Agent
shall have received true, correct and complete copies of all agreements, documents and instruments evidencing or otherwise related to such Indebtedness, as duly authorized, executed and delivered by the parties thereto, 

(iv) Borrowers may make regularly scheduled payments of principal and interest in respect of such Indebtedness in
accordance with the terms of the agreements, documents and instruments by and between any Borrower and such Insurance Premium Lender, which terms and conditions shall be acceptable to Agent in good faith, 

(v) such Indebtedness shall be unsecured except to the extent permitted under Section 7.2.3(o) hereof, 

(vi) Borrowers and their Subsidiaries shall not, directly or indirectly, (A) amend, modify, alter or change the
terms of the agreements with respect to such Indebtedness; except, that, Winn-Dixie and its Subsidiaries may, after prior written notice to Agent, amend, modify, alter or change the terms thereof so as to extend the maturity thereof or defer the
timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness (other than pursuant to payments thereof), or to reduce the interest rate or any fees in connection therewith, or to make any covenants contained
therein less restrictive or burdensome as to Winn-Dixie and its Subsidiaries or otherwise more favorable to Winn-Dixie and its Subsidiaries, or (B) redeem, retire, defease, purchase or otherwise acquire such Indebtedness, or set aside or
otherwise deposit or invest any sums for such purpose, and 
 (vii) Winn-Dixie and its Subsidiaries shall
furnish to Agent all notices or demands in connection with such Indebtedness either received by Winn-Dixie and its Subsidiaries or on their behalf after the receipt thereof, or sent by Winn-Dixie and its Subsidiaries or on their behalf, concurrently
with the sending thereof, as the case may be; or 
 (l) Indebtedness of Borrowers and Guarantors arising on or
after the date hereof evidenced by the Qualified Debt Offering Documents (as in effect on the date such Indebtedness is incurred) pursuant to a Qualified Debt Offering (including, without limitation, any deferred payment obligations in respect of
the purchase price for any QDO Call Option obtained by Winn-Dixie in connection with such Qualified Debt Offering), provided, that, each of the following conditions is satisfied: 

  
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 (i) the aggregate amount of all such Indebtedness shall not exceed
$250,000,000, less the aggregate amount of all repayments or redemptions, whether optional or mandatory, in respect thereof, plus interest or dividends (to the extent of a Qualified Debt Offering consisting of an offering of preferred stock) thereon
at the rate provided for in the Qualified Debt Offering Documents (as in effect on the date such Indebtedness is incurred), 
 (ii) this Agreement is and shall at all times continue to be the “Credit Agreement” (or any such similar term) as such term is defined in the Qualified Debt Offering Documents (as in effect on
the date such Indebtedness is incurred) and is and shall be entitled to all of the rights and benefits thereof under the Qualified Debt Offering Documents (as in effect on the date such Indebtedness is incurred), 

(iii) such Indebtedness shall have scheduled principal payments or mandatory redemptions due no earlier than the Stated
Maturity Date (except that, in connection with a Qualified Debt Offering consisting of term loans, Borrowers and Guarantors may make scheduled principal payments related to such Indebtedness prior to the Stated Maturity Date in an aggregate amount
not to exceed one (1%) percent of the principal amount of such Indebtedness in any Fiscal Year) and shall not include covenants or events of default with respect to any Borrower or Guarantor which, taken as a whole, are more burdensome or
restrictive in any material respect than those contained in this Agreement, taken as a whole; 
 (iv) as of the
date of the incurrence of any such Indebtedness and after giving effect thereto, the Excess Availability shall be not less than $300,000,000; 
 (v) Borrowers and Guarantors shall not, directly or indirectly, make any payments in respect of any such Indebtedness, except that they may make (A) regularly scheduled payments of principal (if any,
to the extent set forth in subsection (iii) above), interest or dividends (to the extent of a Qualified Debt Offering consisting of an offering of preferred stock), as applicable, in respect of such Indebtedness when due in accordance with the
terms of the Qualified Debt Offering Documents, as in effect on the date that such Indebtedness is incurred, (B) mandatory prepayments of principal or mandatory redemptions of Capital Securities (to the extent of a Qualified Debt Offering
consisting of an offering of preferred stock), as the case may be, in respect of such Indebtedness as required by the terms of the Qualified Debt Offering Documents (as in effect on the date the Indebtedness is incurred), provided,
that, (1) as of the date of any such payment or redemption, the Quarterly Average Excess Availability shall be not less than twenty-five (25%) of the Maximum Credit and after giving effect thereto, the Excess Availability shall be
not less than twenty-five (25%) of the Maximum Credit and (2) as of the date of any such payment or redemption and after giving effect thereto, no Default shall exist or have occurred and be continuing, and (C) payments to the extent
permitted under Section 9.9(l)(vii) below, 
 (vi) Borrowers and Guarantors shall not, directly or
indirectly, amend, modify, alter or change in any material respect any terms of such Indebtedness or any of the Qualified Debt Offering Documents, except that Borrowers may (A) after prior written notice to Agent, amend, modify, alter or change
the terms thereof so as to extend the maturity thereof or defer the timing of any payments in respect thereof, or to forgive or cancel any portion of such Indebtedness other than pursuant to payments thereof, or to reduce the interest rate or any
fees in connection therewith, or to otherwise alter the covenants or other terms of such Indebtedness in a manner that is more favorable to, or less restrictive or burdensome on, Winn-Dixie or any other Borrower or Obligor, and (B) subject to
Agent’s prior written consent, otherwise modify, alter or change the terms thereof in a manner that does not otherwise conflict with the requirements of this Section 7.2.2(l), 

  
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 (vii) Borrowers and Guarantors shall not, directly or indirectly, redeem,
retire, defease, purchase or otherwise acquire all or any part of such Indebtedness (other than, with respect to the notes and other securities issued in accordance with the terms of the definition of Qualified Debt Offering, as a result of the
conversion or exchange of such Indebtedness into (or for) Capital Securities of Winn-Dixie pursuant to the terms thereof, to the extent permitted herein), or set aside or otherwise deposit or invest any sums for such purpose, provided,
that, Borrowers and Guarantors may redeem or purchase such Indebtedness, so long as, as of the date of any such redemption or purchase or any payment in respect thereof and after giving effect thereto, (A) Agent shall have received not
less than fifteen (15) Business Days’ prior written notice of the intention of Borrowers and Guarantors to so redeem or purchase such Indebtedness, which notice shall specify the date of the proposed redemption or purchase, the amount to
be paid by Borrowers and Guarantors in respect thereof and the amount of such Indebtedness to be so redeemed or purchased, (B) the daily average Excess Availability for the period of thirty (30) consecutive days immediately preceding the
date of such redemption or purchase shall not be less than $300,000,000, and as of the date of any such redemption or purchase and after giving effect thereto, the aggregate Excess Availability of Borrowers shall be not less than such amount, and
(C) as of the date of any such payment and after giving effect thereto, no Default shall exist or have occurred and be continuing, 
 (viii) any lien on the Collateral securing any such Indebtedness shall at all times be subordinate to the lien in favor of Agent pursuant to the terms of the Qualified Debt Intercreditor Agreement, which
shall have been received by Agent, duly authorized, executed and delivered by the parties thereto, in form and substance satisfactory to the Co-Collateral Agents, 

(ix) with respect to a Qualified Debt Offering consisting of an offering of preferred stock, (A) Agent shall have
received (1) not less than ten (10) Business Days’ (or such shorter period as may be acceptable to Agent) prior written notice of such issuance and sale by Winn-Dixie, which notice shall specify the maximum amount and the maximum net
cash proceeds that are anticipated to be realized from the issuance and sale of such preferred stock, and the anticipated principal terms of such sale, and (2) not less than three (3) Business Days’ (or such shorter period as may be
acceptable to Agent) prior written notice of such issuance and sale by Winn-Dixie, which notice shall specify the anticipated amount and net cash proceeds from such issuance and sale, and the anticipated final terms and conditions of such sale, and
(B) the terms of such preferred stock issued by Winn-Dixie and the terms and conditions of the issuance and sale thereof shall not, except as may be approved in writing by Agent in its discretion, include any terms that include any limitation
on the right of any Borrower to request or receive Loans or Letters of Credit or the right of any Borrower and Guarantor to amend or modify any of the terms and conditions of this Agreement or any of the other Loan Documents or impose affirmative or
negative covenants or other obligations or restrictions that, taken as a whole, are more restrictive or burdensome to any Borrower or Guarantor than the terms contained in this Agreement or any of the other Loan Documents, 

  
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 (x) the Qualified Debt Offering Documents shall each be in form and
substance reasonably satisfactory to Agent and Agent shall have received true, correct and complete copies thereof, 
 (xi) except as Agent may otherwise agree in writing, the proceeds of such Qualified Debt Offering (net of all transaction costs and expenses in connection with such Qualified Debt Offering) shall, to the
extent there are any Loans or other Obligations then outstanding under this Agreement, be paid to the Agent for application to such Loans and other Obligations (other than any such Obligations in respect of Letter of Credit Outstandings that are not
then due and payable) in accordance with the terms hereof, with the balance, if any, to be used by the Obligors for other general corporate purposes, 
 (xii) as of the date of incurring such Indebtedness and after giving effect thereto, no Default or Event of Default shall have occurred and be continuing, 

(xiii) Borrowers and Guarantors shall furnish to Agent all written notices or demands in connection with such
Indebtedness either received by any Borrower or Guarantor or on its behalf, promptly after the receipt thereof, or sent by any Borrower or Guarantor or on its behalf (other than those that are identical in nature to those sent by Borrowers and
Guarantors in connection with this Agreement), concurrently with the sending thereof, as the case may be, and 

(xiv) only one of each type of Qualified Debt Offering can be incurred, except as may be approved in writing by Agent in
its discretion; 
 (m) other Indebtedness of Borrowers and their Subsidiaries (other than Indebtedness of the
Foreign Subsidiaries and U.S. Subsidiaries that are not Guarantors owing to Winn-Dixie) not otherwise permitted above, provided, that, 
 (i) in no event shall the aggregate amount of such Indebtedness outstanding at any time exceed $50,000,000, 
 (ii) none of the Indebtedness permitted by this subsection (m) shall be for the purposes described in subsection (j) of this Section 7.2.2; 

(iii) in respect of any such Indebtedness in an amount equal to or greater than $5,000,000, Agent shall have received
true, correct and complete copies of all material agreements, documents and instruments evidencing or otherwise related to such Indebtedness, as duly authorized, executed and delivered by the parties thereto, 

(iv) with respect to any Indebtedness that causes the aggregate amount of Indebtedness permitted pursuant to this
subsection (m) to exceed (or remain in excess of) $25,000,000 (such Indebtedness referred to in this subsection (m) as “Excess Indebtedness”), such Excess Indebtedness shall have scheduled principal payments or redemptions due no
earlier than the Stated Maturity Date and shall not include covenants or events of default with respect to any Borrower or Guarantor which, taken as a whole, are more burdensome or restrictive in any material respect than those contained in this
Agreement, taken as a whole, 

  
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 (v) such Indebtedness shall be unsecured at all times except as permitted
pursuant to Section 7.2.3(q) hereof, 
 (vi) with respect to any Excess Indebtedness, Borrowers and their
Subsidiaries shall not, directly or indirectly, (A) amend, modify, alter or change the terms of the agreements with respect to such Excess Indebtedness; except, that, Winn-Dixie and its Subsidiaries may, after prior written notice to Agent,
amend, modify, alter or change the terms thereof so as to extend the maturity thereof or defer the timing of any payments in respect thereof, or to forgive or cancel any portion of such Excess Indebtedness (other than pursuant to payments thereof),
or to reduce the interest rate or any fees in connection therewith, or to make any covenants or other terms contained therein less restrictive or burdensome as to Winn-Dixie and its Subsidiaries or otherwise more favorable to Winn-Dixie and its
Subsidiaries, or (B) other than as set forth in subsection (iv) above, redeem, retire, defease, purchase or otherwise acquire such Excess Indebtedness, or set aside or otherwise deposit or invest any sums for such purpose, and 

(vii) Winn-Dixie and its Subsidiaries shall furnish to Agent all notices or demands in connection with such Indebtedness
either received by Winn-Dixie and its Subsidiaries or on their behalf after the receipt thereof, or sent by Winn-Dixie and its Subsidiaries or on their behalf (other than those that are identical in nature to those sent by Borrowers and Guarantors
in connection with this Agreement), concurrently with the sending thereof, as the case may be; 
 provided, however, that no Indebtedness
otherwise permitted by subsections (b), (d), (e)(i), (i), (j), (k), (l) or (m) shall be assumed, created or otherwise incurred if a Default has occurred and is then continuing or would result therefrom. 

SECTION 7.2.3 Liens. Winn-Dixie will not, and will not permit any of its Subsidiaries to, create, incur, assume or
permit to exist any Lien upon any of its property (including Capital Securities of any Person), revenues or assets, whether now owned or hereafter acquired, except: 

(a) Liens securing payment of the Obligations; 

(b) (i) Liens existing or contemplated as of the Closing Date securing certain of the Indebtedness described in
Section 7.2.2(b) hereof and disclosed in Item 7.2.3(b) of the Disclosure Schedule (including Liens in respect of those claims disclosed in Item 7.2.2(b) of the Disclosure Schedule which are secured claims) and (ii) Liens securing
any extension, renewal or replacement of any obligations secured by any such Lien; provided, that, (x) in respect of Liens permitted pursuant to clause (i) of this Section 7.2.3(b), no such Lien shall encumber any
additional property and the amount of Indebtedness secured by such Lien is not increased from the maximum amount existing or permitted to exist on the Closing Date (as such Indebtedness may have been permanently reduced subsequent to the Closing
Date), and (y) in respect of Liens permitted pursuant to clause (ii) of this Section 7.2.3(b), such Lien shall only cover the same assets which originally secured the obligations being extended, renewed or replaced; 

  
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 (c) Liens on property (other than Borrowing Base Assets, investment property
or Bank Accounts) securing Indebtedness permitted under Section 7.2.2(d) hereof; provided that (i) such Lien is granted within one (1) year after such Indebtedness is incurred, and (ii) such Lien secures only the assets that are
the subject of the Indebtedness referred to in such subsection; 
 (d) Liens on property securing Indebtedness
permitted by Section 7.2.2(h) hereof; provided that such Liens existed prior to such Person becoming a Subsidiary, were not created in anticipation thereof and attach only to specific tangible assets of such Person (and not assets of such
Person generally) and provided further that no such property shall be included in the Borrowing Base; 
 (e)
Liens in favor of carriers, warehousemen, mechanics, materialmen, lessors of personal property and landlords granted or arising in the ordinary course of business or as a matter of law for amounts not overdue or being diligently contested in good
faith by appropriate proceedings and for which appropriate reserves in accordance with GAAP shall have been set aside on its books; 
 (f) Liens incurred or deposits made in the ordinary course of business in connection with worker’s compensation, unemployment insurance or other forms of governmental insurance or benefits, or to
secure performance of tenders, statutory obligations, bids, leases or other similar obligations (other than for borrowed money) entered into in the ordinary course of business or to secure obligations on surety and appeal bonds or performance bonds;

 (g) judgment Liens in existence for less than sixty (60) days after the entry thereof or with respect to
which execution has been stayed or the payment of which is covered in full (subject to a customary deductible) by insurance maintained with responsible insurance companies and which do not otherwise result in an Event of Default under
Section 8.1.6 hereof; 
 (h) easements, rights-of-way and zoning restrictions; 

(i) minor defects or irregularities in title, and rights of lessees, licensees and concessionaires, and other similar
encumbrances not interfering in any material respect with the value or use of any Real Property or Leasehold Real Property to which such Lien is attached; 
 (j) Liens for Taxes not at the time delinquent or thereafter payable without penalty or being diligently contested in good faith by appropriate proceedings and for which appropriate reserves in accordance
with GAAP shall have been set aside on its books or that arose prior to the date hereof; 
 (k) non-consensual
statutory liens (other than Liens for Taxes) arising in the ordinary course of Winn-Dixie’s or such Subsidiary’s business to the extent: (i) such liens secure Indebtedness or other obligations which arose prior to the date hereof, or
which accrue after the date hereof and which are not overdue (except to the extent being contested in good faith by appropriate proceedings diligently pursued) or (ii) such liens secure Indebtedness or other obligations relating to claims or
liabilities which are fully insured (subject to customary deductibles and self-insurance retentions) and being defended at the sole cost and expense and at the sole risk of the insurer or being contested in good faith by appropriate proceedings
diligently pursued and available to Winn-Dixie or such Subsidiary, in each case prior to the commencement of foreclosure or other similar proceedings, and with respect to which adequate reserves have been set aside on its books; 

  
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 (l) Liens constituting a property interest of a lessee, concessionaire or
licensee in property leased or occupied by such Person from an Obligor; 
 (m) Liens on residential Real Property
incurred in connection with Indebtedness permitted pursuant to Section 7.2.2(i) hereof; 
 (n) Liens on cash
collateral (and not on Borrowing Base Assets or investment property) that secure any Letters of Credit permitted to be incurred pursuant to Section 7.2.2(j) hereof; provided that at any time that Agent has the right to direct the application of
certain cash and other assets pursuant to Section 7.4.2 hereof, such cash collateral shall have been provided directly from the proceeds of Revolving Loans; and 

(o) Liens of an Insurance Premium Lender on the Insurance Premium Collateral arising in connection with the property
and/or casualty insurance policies financed by such Insurance Premium Lender to secure the Indebtedness owing to such Insurance Premium Lender for premiums for such policies paid by such Insurance Premium Lender to the extent permitted under
Section 7.2.2(k) hereof; 
 (p) Liens in favor of Qualified Debt Agent to secure the Indebtedness permitted
under Section 7.2.2(l) hereof; provided, that, the security interests in favor of Qualified Debt Agent are and at all times shall be subject and subordinate to the security interests of Agent pursuant to the terms of the Qualified
Debt Intercreditor Agreement; and 
 (q) other Liens on property other than Borrowing Base Assets securing
Indebtedness permitted hereunder in an aggregate amount not to exceed $50,000,000. 
 SECTION 7.2.4 Minimum
Excess Availability. Borrowers shall maintain minimum Excess Availability at all times of not less than the greater of (a) 10% of the Borrowing Base or (b) $40,000,000. 

SECTION 7.2.5 Investments. Winn-Dixie will not, and will not permit any of its Subsidiaries to, purchase, make,
incur, assume or permit to exist any Investment in any other Person or acquire any business or all or substantially all of the assets or Capital Securities of any Person (or any division thereof), except: 

(a) Investments existing on the Closing Date and identified in Item 7.2.5(a) of the Disclosure Schedule; 

  
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 (b) Cash Equivalent Investments with respect to which Agent has a fully
perfected first priority Lien pursuant to a Securities Account Control Agreement or other method satisfactory to Agent in good faith; 
 (c) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of
business; 
 (d) Investments by way of contributions to capital, purchases of Capital Securities and extensions
of credit (i) by Winn-Dixie in any other Borrower or Guarantor, by any Subsidiary Borrower or any Guarantor in any Wholly Owned Subsidiary Borrower or Guarantor, (ii) by any Subsidiary Borrower or any Guarantor in Winn-Dixie, or
(iii) by Borrowers and Guarantors in the Insurance Captive, so long as (A) the aggregate amount for all such Investments does not exceed $25,000,000 (which Investments shall not, when aggregated with the amount of Indebtedness incurred
pursuant to Section 7.2.2(e)(ii) hereof, exceed $25,000,000), (B) at the time of making any such Investment, the Quarterly Average Excess Availability shall be not less than twenty-five (25%) of the Maximum Credit and after giving
effect thereto, the Excess Availability shall be not less than twenty-five (25%) of the Maximum Credit and (C) as of the date of any such Investment and immediately after giving effect thereto, no Event of Default has occurred and is
continuing; 
 (e) Investments constituting (i) accounts receivable arising, (ii) trade debt granted or
(iii) deposits made in connection with the purchase price of goods or services, in each case in the ordinary course of business; 
 (f) Investments by way of the acquisition of Capital Securities or assets in each case constituting Permitted Acquisitions (i) in an aggregate amount (together with any Investments made pursuant to
clause (j)(i) below) not to exceed $50,000,000 in any Fiscal Year, and (ii) in an aggregate amount (together with any Investments made pursuant to clause (j)(ii) below) not to exceed $250,000,000 during the term of this Agreement; provided
that, in any event, (A) except with respect to Retail Store Acquisitions only at such time that the aggregate amount of such Retail Store Acquisitions do not exceed $25,000,000 (excluding Inventory) in the aggregate during any Fiscal Year,
immediately prior to such Investment, Quarterly Average Excess Availability shall be not less than twenty-five (25%) of the Maximum Credit, and immediately after giving effect to such Investment, Excess Availability shall be not less than
twenty-five (25%) of the Maximum Credit, (B) such Investments that comprise the acquisition of all of the Capital Securities of a Person shall result in the acquisition of a Wholly Owned Subsidiary that is a U.S. Subsidiary, (C) upon
making such Investments, the provisions of Section 7.1.8 hereof are complied with, and (D) none of the Inventory, Pharmacy Scripts, Pharmacy Receivables, Credit Card Receivables or Real Property acquired in connection with such Permitted
Acquisition shall be included in the Borrowing Base unless and until (1) Agent has conducted a collateral audit thereon reasonably satisfactory to the Co-Collateral Agents, (2) Agent shall have received a written appraisal with respect to
such Inventory and Pharmacy Scripts, in form, scope and methodology reasonably acceptable to Co-Collateral Agents and performed by an appraiser reasonably acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent and
Lenders are expressly permitted to rely and (3) the Co-Collateral Agents have made appropriate adjustments, if any, to the Reserves and/or the definition of Eligible Inventory, Eligible Pharmacy Scripts, Eligible Pharmacy Receivables, Eligible
Credit Card Receivables or Eligible Real Property, as the case may be, provided, that, with respect to any such Permitted Acquisition that does not exceed $10,000,000 or during such time that the aggregate amount of such Permitted
Acquisitions during any Fiscal Year does not exceed $25,000,000, Agent shall conduct such collateral audits or require the receipt of such appraisals with respect to the applicable Inventory and Pharmacy Scripts, in its discretion; 

  
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 (g) Investments consisting of any deferred portion of the sales price
received by any Borrower or Guarantor in connection with any Disposition permitted under Section 7.2.11 hereof; 
 (h) Investments by the Insurance Captive that are “admitted assets” of the Insurance Captive under the applicable laws of the State of South Carolina; 

(i) Other Investments with respect to which the Lenders have a fully perfected first priority Lien pursuant to a
Securities Control Agreement or other method satisfactory to Agent; and 
 (j) Investments in joint ventures,
partnerships, and non-Wholly Owned Subsidiaries, provided that, (i) the aggregate amount of such Investments shall not exceed $50,000,000 during the term of this Agreement, (ii) as of the date of any such Investment and after giving effect
thereto and to any payments in connection therewith, Excess Availability shall be not less than twenty-five (25%) of the Maximum Credit, (iii) no Event of Default shall exist or have occurred and be continuing as of the date of such
Investment or any payment in respect thereof and after giving effect to such Investment or such payment, (iv) Agent shall have received not less than ten (10) Business Days’ prior written notice of the proposed Investment and such
information with respect thereto as Agent may reasonably request, in each case with such information to include (A) parties to such Investment, (B) the proposed date and amount of the Investment, and (C) the total amount of the
Investment and (v) promptly upon Agent’s request, Agent shall have received true, correct and complete copies of all material agreements, documents and instruments relating to such Investment; 

(k) Investments in any QDO Call Options obtained in connection with any convertible notes or other securities issued
pursuant to a Qualified Debt Offering; provided, that, in no event shall the aggregate amount of all payments or payment obligations by any Borrower or Guarantor in respect of any QDO Call Option exceed the amount equal to twelve and
one-half (12.5%) percent of the gross amount of the principal payments of the related convertible notes or other securities and such payments or payment obligations shall be paid for with the proceeds from the issuance of such convertible notes
or other securities; and 
 (l) other Investments after the Closing Date in an aggregate amount not to exceed
$5,000,000; 
 provided, however, that any Investment which when made complies with the requirements of the definition of the term “Cash
Equivalent Investment” may continue to be held notwithstanding that such Investment if made thereafter would not comply with such requirements. 

  
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 SECTION 7.2.6 Restricted Payments, etc. Winn-Dixie will not, and will
not permit any of its Subsidiaries to make, declare or commit to make a Restricted Payment, or make or commit to make any deposit for any Restricted Payment, unless: 

(a) such Restricted Payment is made (1) by a Subsidiary to Winn-Dixie or a Wholly Owned Subsidiary, (2) by any
Wholly Owned Subsidiary of a partially owned Subsidiary to its parent or (3) by any partially owned Subsidiary pro rata to its stockholders; 
 (b) such Restricted Payment is made by Winn-Dixie pursuant to the terms of any Qualified Debt Offering to the extent permitted under Section 7.2.2(l) hereof; and 

(c) such Restricted Payment is made by Winn-Dixie (other than any Restricted Payments described in clause (b) above)
and at the time of each of the making, declaring and committing to make such Restricted Payment (or deposit), (A) the Quarterly Average Excess Availability shall be not less than twenty-five (25%) of the Maximum Credit, (B) after
giving effect to such Restricted Payment (or deposit), the Excess Availability shall be not less than twenty-five (25%) of the Maximum Credit and (C) no Default has occurred and is continuing or would result from the payment thereof;

 provided that any cash dividends which have been declared in accordance with clauses (b) and (c) of this Section 7.2.6 shall
only be permitted to be made if (and only if) (i) the aggregate amount of all such cash dividends shall not exceed $16,000,000 during any Fiscal Quarter or $32,000,000 during any Fiscal Year and (ii) at the time of payment of such cash
dividends, no Default shall exist under Section 8.1.1 or Section 7.2.4(a) hereof. 
 SECTION 7.2.7
Changes to Fiscal Year. Winn-Dixie will not, and will not permit any of its Subsidiaries to, change its Fiscal Year. 
 SECTION 7.2.8 Intentionally Deleted. 
 SECTION 7.2.9
Issuance of Capital Securities. Winn-Dixie will not, and will not permit any of its Subsidiaries to, issue or sell any Capital Securities (whether for value or otherwise) after the date hereof (other than such Capital Securities issued or
sold pursuant to a Qualified Debt Offering as permitted under Section 7.2.2(l)), unless each of the following conditions are satisfied: (a) Agent shall have received (i) not less than ten (10) Business Days’ (or such shorter
period as may be acceptable to Agent) prior written notice of such issuance and sale by Winn-Dixie or any of its Subsidiaries, which notice shall specify the maximum amount and the maximum net cash proceeds that are anticipated to be realized from
the issuance and sale of such Capital Securities, and the anticipated principal terms of such sale, and (ii) not less than three (3) Business Days’ (or such shorter period as may be acceptable to Agent) prior written notice of such
issuance and sale by Winn-Dixie or any of its Subsidiaries, which notice shall specify the anticipated amount and net cash proceeds from such issuance and sale, and the anticipated final terms and conditions of such sale, (b) the terms of such
preferred stock issued by Winn-Dixie or any of its Subsidiaries and the terms and conditions of the issuance and sale thereof shall not include any terms that include any limitation on the right of any Borrower to request or receive Loans or Letters
of Credit or the right of any Borrower and Guarantor to amend or modify any of the terms and conditions of this Agreement or any of the other Loan Documents or impose affirmative or negative covenants or other obligations or restrictions that, taken
as a whole, are more restrictive or burdensome to any Borrower or Guarantor than the terms contained in this Agreement or any of the other Loan Documents, taken as a whole and (c) except to the extent the cash proceeds of such issuance or sale
of Capital Securities are temporarily held in a deposit or securities account for not longer than five (5) Business Days or except as Agent may otherwise agree in writing, the cash proceeds of such issuance and sale (net of all transaction
costs and expenses in connection with such issuance and sale) shall, to the extent there are any Loans or other Obligations then outstanding under this Agreement, be paid to the Agent for application to such Loans and other Obligations (other than
any such Obligations in respect of Letter of Credit Outstandings that are not then due and payable) in accordance with the terms hereof, with the balance, if any, to be used by the Obligors for other general corporate purposes). 

  
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 SECTION 7.2.10 Consolidation, Merger, Dissolution, etc. Winn-Dixie
will not, and will not permit any of its Subsidiaries to, liquidate or dissolve, or consolidate or merge into or with, any other Person, or purchase or otherwise acquire all or substantially all of the assets or Capital Securities of any Person (or
any division thereof), except: 
 (a) any Subsidiary may liquidate or dissolve voluntarily into, and may
consolidate or merge with and into, Winn-Dixie or any other U.S. Subsidiary (other than the Insurance Captive); provided, that, (i) a Subsidiary Borrower may only liquidate or dissolve into, or consolidate or merge with and into,
Winn-Dixie or another Borrower; (ii) a Guarantor may only liquidate or dissolve into, or consolidate or merge with and into, Winn-Dixie or another Borrower or a Guarantor; (iii) any such liquidation, dissolution, consolidation or merger
shall not violate any applicable law, regulation or order or decree of any Governmental Authority in any material respect and shall not conflict with or result in the breach of, or constitute a default under, any indenture, mortgage, deed of trust,
or any other material agreement or instrument to which any Borrower or Guarantor is a party or may be bound, (iv) effective upon any such liquidation, dissolution, consolidation or merger, all of the assets and properties of such Subsidiary
shall be duly and validly transferred and assigned to Winn-Dixie or another Borrower or Guarantor, as applicable, free and clear of any Liens, other than the Liens of Agent and Permitted Liens, and Agent shall have received copies of such deeds,
assignments or other agreements as Agent may request in good faith to evidence and confirm the transfer of such assets of such Subsidiary to such Borrower or Guarantor, and (vi) Agent shall have received all material agreements, documents and
instruments that Borrower or such Subsidiary has filed with any Governmental Authority or as are otherwise required to effectuate any such liquidation, dissolution, consolidation or merger; 

(b) the assets or Capital Securities of any Subsidiary may be purchased or otherwise acquired by Winn-Dixie or any other
U.S. Subsidiary (other than the Insurance Captive); provided, that, (i) the assets or Capital Securities of any Subsidiary Borrower may only be purchased or otherwise acquired by Winn-Dixie or another Borrower and (ii) the
assets or Capital Securities of any Guarantor may only be purchased or otherwise acquired by Winn-Dixie or another Borrower or Guarantor; provided further that in no event shall any Pledged Subsidiary consolidate with or merge with and into any
Subsidiary other than another Pledged Subsidiary (except the Insurance Captive) unless after giving effect thereto, Agent shall have a perfected pledge of, and security interest in and to, at least the same percentage of the issued and outstanding
interests of Capital Securities (on a fully diluted basis) of the surviving Person as Agent had immediately prior to such merger or consolidation in form and substance satisfactory to Agent and its counsel in good faith, pursuant to such
documentation as shall be necessary in the opinion of Agent in good faith to create, perfect or maintain the Collateral of the Secured Parties therein; and 

  
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 (c) so long as no Default has occurred and is continuing or would occur
after giving effect thereto, Borrowers or any of their Subsidiaries may (to the extent permitted by Section 7.2.5(f) hereof) purchase all or substantially all of the assets or Capital Securities of any Person (or any division thereof), or
acquire such Person by merger. 
 SECTION 7.2.11 Permitted Dispositions. Winn-Dixie will not, and will not
permit any of its U.S. Subsidiaries (other than the Insurance Captive) to, Dispose of any of Winn-Dixie’s or such Subsidiaries’ assets (including accounts receivable and Capital Securities of Subsidiaries) to any Person in one transaction
or series of transactions, unless such Disposition: 
 (a) (i) (A) consists of (1) the lease (or
sublease) of a portion of any Real Property or Leasehold Property or (2) the temporary license (or temporary sublicense) of any patents, patent rights, trademarks, trademark rights, trade names, trade name rights, service marks, service mark
rights, copyrights or other intellectual property rights; provided that such lease (or sublease) or temporary license (or temporary sublicense) shall not interfere with the primary use of such Real Property, Leasehold Property or intellectual
property right, or (B) constitutes Inventory or (C) is, in the reasonable determination of Winn-Dixie, of obsolete or worn out assets or property or assets or properties no longer used or useable in its business, (ii) is to a Borrower
or Guarantor, or (iii) is permitted by Section 7.2.10 hereof; 
 (b) is for fair market value to any
Person other than an Affiliate or Subsidiary, and the following conditions are met: 
 (i) the aggregate fair
market value, as well as the aggregate book value, of all such asset sales do not exceed $30,000,000 in the aggregate in any Fiscal Year and $150,000,000 in the aggregate during the term of this Agreement; provided, that, (A) if
any single asset is sold for less than $1,000,000, then such asset shall not be treated as usage of either the $30,000,000 or $150,000,000 baskets contained in this clause (b)(i) unless such asset is sold as part of a group of assets in a single
transaction or a series of related transactions for an amount in excess of $5,000,000 in the aggregate, in which case the entire amount shall be treated as usage of the $30,000,000 and $150,000,000 baskets contained in this clause (b)(i);
(B) if any single asset is sold for $1,000,000 or more, then the entire amount shall be treated as usage of the $30,000,000 and $150,000,000 baskets contained in this clause (b)(i); and (C) Dispositions of assets that are not Borrowing
Base Assets or Leasehold Property (other than retail stores that are closed or scheduled to close) listed in Item 7.2.11(b)(i) of the Disclosure Schedule (or otherwise identified in writing by Administrative Borrower to Agent on or prior to the
Closing Date) up to an aggregate net book value amount not to exceed $15,000,000 shall not be considered for purposes of either the $30,000,000 or $150,000,000 baskets contained in this clause (b)(i); 

  
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 (ii) immediately prior to and immediately after giving effect to such
Disposition, no Default or Event of Default shall have occurred or would result therefrom; 
 (iii) any Net
Disposition Proceeds shall be applied pursuant to Section 3.1.1(c) hereof to the extent required by the terms thereof; 
 (iv) all (or not less than seventy-five (75%) percent in the case of retail stores that are closed or scheduled to close as described in clause (i) above or other assets that are not Borrowing
Base Assets or Leashold Property) of the consideration for such sale, transfer, lease, contribution or conveyance is cash (including cash held in escrow or otherwise subject to a holdback or similar arrangement in support of indemnification made by
the disposing Person in connection with the Disposition) or, in the case of assets that are not Borrowing Base Assets or Leasehold Property, assumption of liabilities by the purchaser thereof, provided, that, (A) for any such
sale, transfer, lease, contribution or conveyance in which the consideration is less than $5,000,000, such consideration may consist entirely an exchange of assets reasonably acceptable to the Co-Collateral Agents and (B) such consideration in
the form of an exchange of assets shall not exceed $5,000,000 in the aggregate in any Fiscal Year; 
 (v) with
respect to Dispositions of Borrowing Base Assets in connection with the closing or sale of retail stores of Borrowers in the ordinary course of business, the aggregate number of retail stores closed or sold by Borrowers in any Fiscal Year minus the
aggregate number of retail stores opened by Borrowers in such Fiscal Year, shall not exceed an amount equal to five (5%) percent of the total number of retail stores of Borrowers in existence at the beginning of any such fiscal year without the
prior written consent of the Co-Collateral Agents; 
 (vi) at least ten (10) Business Days prior to any
such Disposition of Borrowing Base Assets having a book value of $10,000,000 or more, Winn-Dixie shall have provided Agent with (A) a pro forma Borrowing Base Certificate which shall be comprised of the most recently delivered Borrowing Base
Certificate, adjusted to give pro forma affect to such Disposition as if such Disposition occurred on the last day of the period covered by the most recently delivered Borrowing Base Certificate; and (B) a Compliance Certificate for the period
of four (4) full Fiscal Quarters immediately preceding such Disposition giving pro forma effect to the consummation of such Disposition and certifying compliance with the covenants set forth in Section 7.2.4 hereof; 

(vii) Agent shall have received at least five (5) Business Days prior written notice of such Disposition (to the
extent a pro forma Borrowing Base Certificate or Compliance Certificate has not previously been provided pursuant to Section 7.2.11(b)(vi) hereof); and 
 (viii) at the request of Agent, Agent shall have received any acquisition or purchase agreements or other documents relating to the Disposition. 

  
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 (c) constitutes a Permitted Sale and Leaseback Transaction; 

(d) constitutes a Permitted Lien; 
 (e) constitutes an Investment permitted pursuant to Section 7.2.5 hereof; or 
 (f) occurs when no Default shall have occurred and be continuing, and comprises the sale or discount of accounts receivable arising in the ordinary course of business in connection with the compromise or
collection thereof; provided that such sale or discount shall be without recourse to Winn-Dixie or any Subsidiary of Winn-Dixie. 
 SECTION 7.2.12 Intentionally Deleted. 
 SECTION 7.2.13
Transactions with Affiliates. Winn-Dixie will not, and will not permit any of its Subsidiaries to, enter into or cause or permit to exist any arrangement, transaction or contract (including for the purchase, lease or exchange of property or
the rendering of services) with any of its other Affiliates, unless such arrangement, transaction or contract is on fair and reasonable terms no less favorable to Winn-Dixie or such Subsidiary than it could obtain in an arm’s-length transaction
with a Person that is not an Affiliate. 
 SECTION 7.2.14 Restrictive Agreements, etc. Winn-Dixie will
not, and will not permit any of its Subsidiaries to, enter into any agreement prohibiting 
 (a) other than the
Insurance Captive, the creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or hereafter acquired; 
 (b) the ability of any Obligor to amend or otherwise modify any Loan Document; or 
 (c) the ability of any Subsidiary to make any payments, directly or indirectly, to Winn-Dixie, including by way of dividends, advances, repayments of loans, reimbursements of management and other
intercompany charges, expenses and accruals or other returns on investments. 
 The foregoing prohibitions shall not apply to restrictions
contained (i) in any Loan Document, (ii) in any Qualified Debt Offering Documents, (iii) any documents evidencing Indebtedness permitted pursuant to Section 7.2.2(m) hereof (in the case of each of clauses (ii) and (iii), so
long as such restrictions, taken as a whole, are not more burdensome or restrictive than those contained in the Loan Documents, taken as a whole), or (iii) in the case of subsection (a) above, any agreement governing any Indebtedness
permitted by Section 7.2.2(d) hereof as to the assets financed with the proceeds of such Indebtedness. 

  
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 SECTION 7.2.15 Sale and Leaseback. Winn-Dixie will not, and will not
permit any of its Subsidiaries to, directly or indirectly enter into any agreement or arrangement providing for the sale or transfer by it of any property (now owned or hereafter acquired) to a Person and the subsequent lease or rental of such
property or other similar property from such Person; provided that, Winn-Dixie or any Subsidiary may enter into any such sale and leaseback transaction if (a)(i) the aggregate net book value of the properties sold or transferred in any such
transactions does not exceed $20,000,000 after the Closing Date, (ii) such sale and leaseback transaction is entered into in connection with a Disposition permitted to be made pursuant to Section 7.2.11(b)(i)(C) hereof, (b) Winn-Dixie
or such Subsidiary has applied any Net Sale and Leaseback Proceeds pursuant to Section 3.1.1(c) hereof to the extent required by the terms thereof, and (c) immediately prior to and immediately after giving effect thereto, no Default shall
have occurred or would result therefrom (including without limitation under Section 7.2.4 hereof). 

SECTION 7.2.16 Collateral Access Agreements. Borrowers will not, and will not permit the Guarantors to, enter into
a new lease for a distribution center or Winn-Dixie’s headquarters with any landlord, other than renewals as to the existing headquarters and the existing distribution centers in Item 6.27 of the Disclosure Schedule, unless Agent has
received counterparts of a Collateral Access Agreement duly executed by such landlord and the applicable Obligor. 
 SECTION 7.2.17 Credit Card Issuers and Credit Card Processors. Borrowers will not, and will not permit the Guarantors to, enter into a Credit Card Agreement with any Person or any other agreement,
document or instrument with a Credit Card Issuer or Credit Card Processor other than those existing arrangements listed in Item 6.28 of the Disclosure Schedule, unless Agent has received a copy of a Processor Letter duly executed by the
applicable Obligor and delivered to such Person. 
 SECTION 7.2.18 Accounts; Investment Property.

 (a) Borrowers will not, and will not permit their Subsidiaries (other than the Insurance Captive) to, open any
Bank Accounts, unless the applicable Borrower or Subsidiary shall have delivered prior written notice thereof to Agent. 
 (b) Borrowers will not, and will not permit their U.S. Subsidiaries (other than the Insurance Captive) to, open any securities account, or hold any financial assets in an existing securities account, or
acquire any other investment property in excess of $5,000,000 in the aggregate unless Agent has a perfected first priority Lien over such securities account or other investment property pursuant to a Securities Control Agreement or other method
reasonably acceptable to Agent. 

  
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 SECTION 7.2.19 Designation of Designated Senior Debt. Borrowers and
Guarantors shall not, and shall not permit any Subsidiary to, designate any Indebtedness, other than the Obligations, as “Designated Senior Debt”, or any similar term under and as defined in the agreements relating to any Indebtedness of
Borrowers or Guarantors, including Indebtedness of any Borrower or Guarantor evidenced by the Qualified Debt Offering Documents, which contains such designation. Borrowers and Guarantors shall, and shall cause any Subsidiary to, designate the
Obligations as “Designated Senior Debt” or any similar term under and as defined in the agreements relating to any Indebtedness (including any Indebtedness otherwise permitted under Section 7.2.2 hereof) of any Borrower or Guarantor
which contains such designation. 
 SECTION 7.3 Collateral Reporting and Covenants. 

SECTION 7.3.1 Collateral Reporting. 

(a) Borrowers shall provide Agent (and the Co-Collateral Agents in the case of clauses (ii) and (iv) below) with
the following documents in a form reasonably satisfactory to Agent: 
 (i) promptly following Agent’s
request, schedules of sales made and cash received; 
 (ii) on a monthly basis, and, during an Additional
Collateral Reporting Period, on a weekly basis, (A) perpetual Inventory (in respect of distribution center Inventory) and retail stock ledger reports, (B) summary Inventory mix reports by distribution center and by retail stores in the
aggregate (and including the amounts of Inventory and the value thereof at any leased locations and at premises of warehouses, processors or other third parties), (C) a report of new purchases of Inventory consisting of produce, dairy, meat and
seafood or other categories or departments of Inventory as requested by Agent; (D) agings of accounts payable and accrued payables (and including information indicating the amounts owing to Farm Product Sellers and to owners and lessors of
leased premises, warehouses, processors and other third parties from time to time in possession of any Collateral), (E) rent payments and aging of rent payments, (F) Inventory shrink reports, (G) reports showing the total exposure and
net obligations of each Borrower and Subsidiary under each Rate Protection Agreement, (H) a report of pharmacy sales, receivable collections and receivable credits during the immediately preceding month, (I) an aging of Pharmacy
Receivables (including without limitation Medicare Pharmacy Receivables and Medicaid Pharmacy Receivables), (J) a report of credit card sales, including the amount of the chargebacks and credits with respect thereto, during the immediately
preceding month, (K) an aging of Credit Card Receivables which shall identify those outstanding more than ten (10) days after the date of the sale of Inventory giving rise to such Credit Card Receivables to the extent that the aggregate
amount of such Credit Card Receivables that are outstanding for such period exceed $50,000, (L) reports showing the number of prescriptions filled and average dollar amount of such prescriptions for each of the pharmacies of Borrowers by store
location, (M) a report of pharmacy closings during the immediately preceding month, (N) a statement of the then current balance of the aggregate amount of the Indebtedness permitted under Section 7.2.2(k) hereof and any reports or
statements received by or on behalf of a Borrower from any Insurance Premium Lender which set forth any amounts paid to such Insurance Premium Lender or amounts due and owing to such Insurance Premium Lender in respect of such Indebtedness, and
(O) a statement of the amount of Qualified Cash held in the Qualified Cash Account; 

  
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 (iii) promptly following Agent’s request, copies of purchase orders,
deposit slips and bank statements of any Borrower or any of its Subsidiaries; 
 (iv) promptly following the end
of each Fiscal Month (but in any event within twenty five (25) days after the end thereof), and, during an Additional Collateral Reporting Period, weekly, a Borrowing Base certificate, substantially in the form of Exhibit F hereto, or with
additional form and detail (including as to Eligible Inventory) as any Co-Collateral Agent may reasonably require (each a “Borrowing Base Certificate”); provided that if a Borrowing Base Certificate is required to be delivered more
frequently than at the end of each Fiscal Month, Borrowers may use certain information from the most recently delivered Borrowing Base Certificate solely to the extent such information has not been made available any more recently than such most
recently delivered Borrowing Base Certificate and is not required to be made so available pursuant to Section 7.3.1(a)(ii) above; 
 (v) upon Agent’s request, the monthly statements received by any Borrower or any of its Affiliates from any Credit Card Issuers or Credit Card Processors, together with such additional information
with respect thereto as shall be sufficient to enable Agent to monitor the transactions pursuant to the Credit Card Agreements; and 
 (vi) such other reports as to the Collateral as Agent shall reasonably request from time to time. 
 (b) If any Borrower’s or Guarantor’s records or reports of the Collateral are prepared or maintained by an accounting service, contractor, shipper or other agent, such Borrower and Guarantor
hereby irrevocably authorize such service, contractor, shipper or agent to deliver such records, reports, and related documents to Agent and to follow Agent’s instructions with respect to further services at any time that an Event of Default
exists or has occurred and is continuing. 
 (c) Nothing contained in any Borrowing Base Certificate shall be
deemed to limit, impair or otherwise affect the rights of Agent, the Co-Collateral Agents or Lenders contained herein and in the event of any conflict or inconsistency between the calculation of the Borrowing Base as set forth in any Borrowing Base
Certificate and as determined by Agent in accordance with this Agreement, the determination of Agent shall govern. Without limiting the foregoing, Borrowers shall furnish to Co-Collateral Agents any information which Co-Collateral Agents may
reasonably request regarding the determination and calculation of any of the amounts set forth in any Borrowing Base Certificate. 

  
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 SECTION 7.3.2 Inventory Covenants. With respect to the Inventory:
(a) each Borrower and Guarantor shall at all times maintain Inventory records reasonably satisfactory to the Co-Collateral Agents, keeping correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory,
such Borrower’s or Guarantor’s cost therefor and daily withdrawals therefrom and additions thereto; (b) Borrowers and Guarantors shall continue their current practices for conducting physical counts of Inventory in the distribution
centers and the retail stores but shall also conduct such physical counts of such Inventory at any time or times as Agent may request on or after an Event of Default, and promptly following such physical Inventory shall supply Agent with a report in
the form and with such specificity as may be reasonably satisfactory to the Co-Collateral Agents concerning such physical count; (c) Borrowers and Guarantors shall not remove any Inventory from the locations set forth or permitted in the
Security Documents, without the prior written consent of Agent (such consent not to be unreasonably withheld or delayed), except for sales or other dispositions of Inventory in the ordinary course of its business and except to move Inventory
directly from one location set forth or permitted herein to another such location and except for Inventory shipped from the manufacturer thereof to such Borrower or Guarantor which is in transit to the locations set forth or permitted herein;
(d) Borrowers shall, at their expense, no more than two (2) times in any twelve (12) month period, and in addition, at any time or times as any Co-Collateral Agent may request on or after the occurrence and during the continuance of
an Event of Default or at any time Excess Availability is less than $100,000,000, and in any event at any time at the expense of the Lenders, deliver or cause to be delivered to Co-Collateral Agents (upon any Co-Collateral Agent’s request)
written appraisals as to the Inventory in form, scope and methodology reasonably acceptable to the Co-Collateral Agents and by an appraiser acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent and Lenders are
expressly permitted to rely; (e) Borrowers and Guarantors shall produce, use, store and maintain the Inventory with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with applicable
laws (including the requirements of the Federal Fair Labor Standards Act of 1938, as amended and all rules, regulations and orders related thereto); (f) Borrowers and Guarantors shall not sell Inventory to any customer on approval, or any other
basis upon which the customer has a right to return or obligates any Borrower or Guarantor to repurchase such Inventory (it being acknowledged that this does not include discretionary decisions on the part of Borrowers and Guarantors to repurchase
Inventory); and (g) Borrowers and Guarantors shall maintain current rent payments (within applicable grace periods contained in the leases) at all locations that contain Inventory. 

SECTION 7.3.3 Pharmacy Scripts Covenants. With respect to the Pharmacy Scripts: (a) each Borrower and
Guarantor shall at all times maintain the Pharmacy Scripts in a manner consistent in all material respects with the requirements of Federal, state and local laws and regulations, including all Health Care Laws, which files and records related
thereto shall be correct and accurate in all material respects to the best of such Borrower’s and Guarantor’s knowledge; (b) Borrowers and Guarantors shall not remove any Pharmacy Scripts from the locations set forth or permitted
herein, without the prior written consent of Agent (such consent not to be unreasonably withheld or delayed), except for transfers of Pharmacy Scripts, (i) in the ordinary course of its business (including at the request of customers with
respect to such customer’s own Pharmacy Scripts) and (ii) in connection with the closing or Disposition of any store or stores or the closing of any pharmacy; (c) Borrowers shall, at their expense, no more than two (2) times in
any twelve (12) month period, and in addition, at any time or times as any Co-Collateral Agent may request on or after the occurrence and during the continuance of an Event of Default or at any time Excess Availability is less than
$100,000,000, deliver or cause to be delivered to Co-Collateral Agents (upon any Co-Collateral Agent’s request) written appraisals as to the Pharmacy Scripts in form, scope and methodology reasonably acceptable to the Co-Collateral Agents and
by an appraiser acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent and Lenders are expressly permitted to rely; (d) Borrowers and Guarantors shall use, store and maintain the Pharmacy Scripts with all
reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with applicable laws (including the requirements of the HIPAA, as amended and all rules, regulations and orders related thereto) in all
material respects; (e) there are no limitations or restrictions on the rights of any Borrower or Guarantor to sell, transfer or otherwise assign the Pharmacy Scripts to any third party so long as such third party has the licenses required under
applicable state law to operate a pharmacy and sell products subject to a prescription; (f) each Borrower and Guarantor assumes all responsibility and liability arising from or relating to the use of prescriptions and the maintenance and use of
the Pharmacy Scripts; and (g) Borrowers and Guarantors shall keep the Pharmacy Scripts in good and marketable condition. 

  
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 SECTION 7.3.4 Pharmacy Receivables Covenants. 

(a) With respect to the Pharmacy Receivables: (i) each Borrower and Guarantor shall notify Agent promptly of:
(A) any material delay in any Borrower’s performance of any of its material obligations to any Account Debtor or the assertion of any material claims, offsets, defenses or counterclaims by any Account Debtor, or any material disputes with
Account Debtors, or any settlement, adjustment or compromise thereof, (B) all material adverse information known to any Borrower or Guarantor relating to the financial condition of any Account Debtor reasonably likely to adversely impact the
collectability or enforceability of Pharmacy Receivables in an aggregate amount greater than $50,000 or (C) any event or circumstance which, to the best of any Borrower’s or Guarantor’s knowledge, would cause the Co-Collateral Agents
to consider any then existing Accounts in an aggregate amount greater than $50,000 as no longer constituting Eligible Pharmacy Receivables, (ii) the amounts shown on any invoice delivered to Agent or schedule thereof delivered to Agent shall be
materially true and complete, (iii) no payments shall be made thereon except payments promptly delivered to the Majority Accounts, (iv) there shall be no material setoffs, deductions, contras, defenses, counterclaims or disputes existing
or asserted with respect thereto except as reported to Agent in accordance with the terms of this Agreement and (v) the transactions giving rise thereto will comply in all material respects with all applicable foreign, Federal, state or local
laws or regulations, all documentation relating thereto will be legally sufficient under such laws and regulations and all such documentation will be legally enforceable in accordance with its terms. 

(b) No credit, discount, allowance or extension or agreement in excess of $250,000 individually or $1,000,000 in the
aggregate for any of the foregoing shall be granted to any Account Debtor without Agent’s consent, except in the ordinary course of a Borrower’s or Guarantor’s business in accordance with its usual practices and policies and except as
disclosed to Agent in accordance with the provisions of this Agreement. So long as no Event of Default exists or has occurred and is continuing, Borrowers and Guarantors shall settle, adjust or compromise any claim, offset, counterclaim or dispute
with any Account Debtor. At any time that an Event of Default exists or has occurred and is continuing, Agent shall, at its option, have the exclusive right to settle, adjust or compromise any claim, offset, counterclaim or dispute with Account
Debtors or grant any credits, discounts or allowances. 

  
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 (c) Agent shall have the right at any time or times, in Agent’s name or
in the name of a nominee of Agent, to verify the validity, amount or any other matter relating to any Pharmacy Receivables, by mail, telephone, facsimile transmission or otherwise, except that no disclosure will be made of Protected Health
Information (as contemplated by HIPAA) unless Agent has executed a Business Associate Agreement (as contemplated by HIPAA), it being noted that Agent executed such a Business Associate Agreement prior to the Closing Date. 

SECTION 7.3.5 Credit Card Receivables Covenants. 

(a) With respect to the Credit Card Receivables: (i) each Borrower and Guarantor shall notify Agent promptly of:
(A) any material delay in any Borrower’s performance of any of its material obligations to any Credit Card Issuers, Credit Card Processors or Account Debtors or the assertion of any material claims, offsets, defenses or counterclaims by
any Credit Card Issuers, Credit Card Processors or Account Debtors, or any material disputes with any Credit Card Issuers, Credit Card Processors or Account Debtors, or any settlement, adjustment or compromise thereof, (B) all material adverse
information known to any Borrower or Guarantor relating to the financial condition of any Credit Card Issuers, Credit Card Processors or Account Debtors reasonably likely to adversely impact the collectability or enforceability of Credit Card
Receivables in an aggregate amount greater than $50,000 or (C) any event or circumstance which, to the best of any Borrower’s or Guarantor’s knowledge, would cause the Co-Collateral Agents to consider any then existing Accounts in an
aggregate amount greater than $50,000 as no longer constituting Eligible Credit Card Receivables, (ii) the amounts shown on any invoice delivered to Agent or schedule thereof delivered to Agent shall be materially true and complete,
(iii) no payments shall be made thereon except payments promptly delivered to the Majority Accounts, (iv) there shall be no material setoffs, deductions, contras, defenses, counterclaims or disputes existing or asserted with respect
thereto except as reported to Agent in accordance with the terms of this Agreement and (v) none of the transactions giving rise thereto will violate any applicable foreign, Federal, state or local laws or regulations, all documentation relating
thereto will be legally sufficient under such laws and regulations and all such documentation will be legally enforceable in accordance with its terms. 
 (b) No credit, discount, allowance or extension or agreement in excess of $25,000 individually or $500,000 in the aggregate shall be granted to any Credit Card Issuer, Credit Card Processor or Account
Debtor without Agent’s consent, except in the ordinary course of a Borrower’s or Guarantor’s business in accordance with its usual practices and policies and except as disclosed to Agent in accordance with the provisions of this
Agreement. So long as no Event of Default exists or has occurred and is continuing, Borrowers and Guarantors shall settle, adjust or compromise any claim, offset, counterclaim or dispute with any Credit Card Issuer, Credit Card Processor or Account
Debtor. At any time that an Event of Default exists or has occurred and is continuing, Agent shall, at its option, have the exclusive right to settle, adjust or compromise any claim, offset, counterclaim or dispute with Credit Card Issuers, Credit
Card Processors and Account Debtors or grant any credits, discounts or allowances. 
 (c) Agent shall have the
right, in Agent’s name (at any time or times during which any Event of Default shall exist or be continuing) or in the name of a nominee of Agent (at all other times), to verify the validity, amount or any other matter relating to any Credit
Card Receivables, by mail, telephone, facsimile transmission or otherwise. 

  
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 SECTION 7.3.6 Real Property Covenants. With respect to the Eligible
Real Property: (a) Borrowers and Guarantors shall, at their expense, no more than one (1) time in any twelve (12) month period, and in addition, at any other time or times as any Co-Collateral Agent may request on or after the
occurrence and during the continuance of an Event of Default or at any time Excess Availability is less than $100,000,000, deliver or cause to be delivered to Co-Collateral Agents (upon any Co-Collateral Agent’s request) written appraisals as
to the Eligible Real Property in form, scope and methodology reasonably acceptable to the Co-Collateral Agents and by an appraiser reasonably acceptable to Agent, addressed to Agent for the benefit of Lenders and upon which Agent and the Lenders are
expressly permitted to rely; (b) each Borrower and Guarantor shall use the Eligible Real Property with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with all applicable laws; and
(c) each Borrower and Guarantor shall assume all responsibility and liability arising from the use of the Eligible Real Property. 
 SECTION 7.3.7 Power of Attorney. Each Borrower and Guarantor hereby irrevocably designates and appoints Agent (and all persons designated by Agent) as such Borrower’s and Guarantor’s true
and lawful attorney-in-fact, and authorizes Agent, in such Borrower’s, Guarantor’s or Agent’s name, to: (a) at any time an Event of Default exists or has occurred and is continuing (i) exercise all of such Borrower’s or
Guarantor’s rights and remedies to collect any Collateral, (ii) settle, adjust, compromise, extend or renew an Account, (iii) settle, adjust or compromise any claim, offset, counterclaim or dispute with account debtors or grant any
credits, discounts or allowances, (iv) prepare, file and sign such Borrower’s or Guarantor’s name on any proof of claim in bankruptcy or other similar document against an account debtor or other obligor in respect of any Collateral,
(v) notify the post office authorities to change the address for delivery of remittances from account debtors or other obligors in respect of proceeds of any Collateral to an address designated by Agent, and open and dispose of all mail
addressed to such Borrower or Guarantor and handle and store all mail relating to the Collateral, and (vi) do all acts and things which are necessary, in Agent’s determination, to fulfill such Borrower’s or Guarantor’s
obligations under this Agreement and the other Loan Documents, (b) at any time an Event of Default exists or Excess Availability is less than $50,000,000 (i) settle, adjust, compromise, extend or renew an Account and (ii) settle,
adjust or compromise any claim, offset, counterclaim or dispute with account debtors or grant any credits, discounts or allowances, and (c) at any time (i) have access to any lockbox or postal box into which remittances from account
debtors or other obligors in respect of proceeds of Collateral are sent or received, (ii) endorse such Borrower’s or Guarantor’s name upon any items of payment constituting Collateral or otherwise received by Agent and any Lender and
deposit the same in Agent’s account for application to the Obligations, (iii) endorse such Borrower’s or Guarantor’s name upon any chattel paper, document, instrument, invoice, or similar document or agreement relating to any
Collateral, including any warehouse or other receipts, or bills of lading and other negotiable or non-negotiable documents, and (iv) clear Inventory the purchase of which was financed with Letters of Credit through U.S. Customs or foreign
export control authorities in such Borrower’s or Guarantor’s name, Agent’s name or the name of Agent’s designee, and to sign and deliver to customs officials powers of attorney in such Borrower’s or Guarantor’s name for
such purpose, and to complete in such Borrower’s or Guarantor’s or Agent’s name, any order, sale or transaction, obtain the necessary documents in connection therewith and collect the proceeds thereof. Each Borrower and Guarantor
hereby releases Agent, the Lenders and their respective officers, employees and designees from any liabilities arising from any act or acts under this power of attorney and in furtherance thereof, whether of omission or commission, except as to
Agent or any Lender, for Agent’s or Lender’s own gross negligence or willful misconduct as determined pursuant to a final non-appealable order of a court of competent jurisdiction. 

  
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 SECTION 7.3.8 Right to Cure. Agent (and all persons designated by
Agent) may, at its option, upon notice to the Administrative Borrower, (a) cure any default by any Borrower or Guarantor under any material agreement with a third party that affects the Collateral, its value or the ability of Agent to collect,
sell or otherwise dispose of the Collateral or the rights and remedies of Agent or any Lender therein or the ability of any Borrower or Guarantor to perform its obligations hereunder or under any of the other Loan Documents, (b) pay or bond on
appeal any judgment entered against any Borrower or Guarantor, (c) discharge taxes, liens, security interests or other encumbrances at any time levied on or existing with respect to the Collateral and pay any amount, incur any expense or
perform any act which, in Agent’s good faith judgment, is necessary or appropriate to preserve, protect, insure or maintain the Collateral and the rights of Agent and the Lenders with respect thereto. Agent may add any amounts so expended to
the Obligations and charge any Borrower’s account therefor, such amounts to be repayable by Borrowers on demand. Agent and the Lenders shall be under no obligation to effect such cure, payment or bonding and shall not, by doing so, be deemed to
have assumed any obligation or liability of any Borrower or Guarantor. Any payment made or other action taken by Agent or any Lender under this Section shall be without prejudice to any right to assert an Event of Default hereunder and to proceed
accordingly. 
 SECTION 7.3.9 Access to Premises/Field Audits. From time to time as requested by Agent
(and all persons designated by Agent), at the cost and expense of Borrowers, (a) Agent or its designee shall have complete access to all of each Borrower’s and Guarantor’s premises during normal business hours and after notice to
Winn-Dixie, which right shall be exercised by Agent in good faith in a manner such as to minimize disruption to Borrowers’ business, or at any time and without notice to Winn-Dixie if an Event of Default exists or has occurred and is
continuing, for the purposes of inspecting, verifying and auditing the Collateral and all of each Borrower’s and Guarantor’s books and records, and (b) each Borrower and Guarantor shall promptly furnish to Agent such copies of such
books and records or extracts therefrom as Agent may request in good faith, and Agent or Agent’s designee may use during normal business hours such of any Borrower’s and Guarantor’s personnel, equipment, supplies and premises as may
be reasonably necessary for the foregoing and if an Event of Default exists or has occurred and is continuing, for the realization of Collateral. Agent may conduct (i) up to two (2) field exams in any twelve month period at the expense of
Borrowers, provided, that, additional field exams will be permitted at the expense of Borrowers during any such twelve month period at any time after either (A) the occurrence and during the continuation of an Event of Default or
(B) Excess Availability is less than $100,000,000, and (ii) additional field exams at Agent’s expense. 

  
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 SECTION 7.4 Majority Accounts. 

SECTION 7.4.1 Maintaining Majority Accounts. Borrowers will, and will cause each of the Subsidiaries to, limit the
amount of In Store Cash such that the aggregate amount of such cash is not, by the close of business on any day, in excess of $25,000,000. By the close of business on each day, Borrowers will, and will cause their U.S. Subsidiaries (other than the
Insurance Captive) to, sweep substantially all the cash of Borrowers and their U.S. Subsidiaries (other than the Insurance Captive) into accounts maintained with Agent, in accordance with past practices, other than in connection with cash in-transit
in armored cars, in which case Borrowers shall arrange for such sweep by the close of business on the second Business Day from the day that such cash is first in the possession of such armored cars. 

SECTION 7.4.2 Disposition of Funds. If (a) an Event of Default shall have occurred and be continuing,
(b) Excess Availability shall have been less than $100,000,000 for five (5) consecutive Business Days, (c) Excess Availability shall have been less than $100,000,000 for any period of less than five (5) consecutive Business Days
on three (3) or more separate occasions during the term of this Agreement, or (d) Excess Availability shall be less than $95,000,000 at any time (the occurrence of any of the foregoing, referred to herein as a “Cash Management
Event”), then at all times during the existence of any such Event of Default or at any time after the occurrence of any of the events described in the preceding clauses (b), (c) or (d), Agent, in its discretion, shall have the right to at
any time and without notice to or consent from any Borrower or Guarantor, direct that any amounts in Majority Accounts or any assets in securities accounts in each case, of any Borrower or Guarantor, be applied to the payment of any Obligations;
provided, that, at any time during the existence of any such Event of Default or at any time after the occurrence of any other Cash Management Event, at the direction of any Co-Collateral Agent or the Required Lenders, Agent shall,
without notice to or consent from any Borrower or Guarantor, direct that any amounts in Majority Accounts or any assets in securities accounts in each case, of any Borrower or Guarantor, be applied to the payment of any Obligations. 

SECTION 7.5 [Intentionally Omitted]. 
 ARTICLE VIII 
 EVENTS OF DEFAULT 

SECTION 8.1 Listing of Events of Default. Each of the following events or occurrences described in this Article shall constitute
an “Event of Default”. 
 SECTION 8.1.1 Non-Payment of Obligations. Any Borrower shall default
in the payment or prepayment when due of 
 (a) any principal of any Loan, any Reimbursement Obligation or any
deposit of cash for collateral purposes pursuant to Section 2.6.4 hereof; or 

  
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 (b) any interest on any Loan, any fee described in Article III hereof or any
other monetary Obligation, and such default shall continue unremedied for a period of three (3) days after such amount was due. 
 SECTION 8.1.2 Breach of Representation or Warranty. Any representation or warranty of any Obligor made or deemed to be made in any Loan Document (including any certificates delivered pursuant to
Article V) is or shall be incorrect when made or deemed to have been made in any material respect. 
 SECTION
8.1.3 Non-Performance of Certain Covenants and Obligations. Any Borrower shall default in the due performance or observance of any of its obligations under Section 6.24, Section 7.1.1, Section 7.1.7, Section 7.2,
Section 7.3 or Section 7.4 hereof or any Obligor shall default in the due performance or observance of its obligations under (a) Article 4 of the Guarantee Agreement (to the extent such Article incorporates Section 7.1.1,
Section 7.1.7, Section 7.2, Section 7.3, Section 7.4 or Section 8.1.10 hereof), (b) Section 4.5 of the Security Agreement or (c) the first sentence of Section 4.1 of any Pledge Agreement. 

SECTION 8.1.4 Non-Performance of Other Covenants and Obligations. Any Obligor shall default in the due performance
and observance of any other agreement contained in any Loan Document executed by it, and such default shall continue unremedied for a period of thirty (30) days after notice thereof shall have been given to the Administrative Borrower by Agent
or any Lender. 
 SECTION 8.1.5 Default on Other Indebtedness. A default shall occur in the payment of any
amount when due (subject to any applicable grace period), whether by acceleration or otherwise, of any principal or stated amount of, or interest or fees on, any Indebtedness (other than Indebtedness described in Section 8.1.1 hereof ),
including the Indebtedness evidenced by or arising under any Qualified Debt Offering permitted under Section 7.2.2(l) herein, of any Borrower or any of their Subsidiaries or any other Obligor having a principal or stated amount, individually or
in the aggregate, in excess of $10,000,000, or a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such
Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare such Indebtedness to become due
and payable or to require such Indebtedness to be prepaid, redeemed, purchased or defeased, or require an offer to purchase or defease such Indebtedness to be made, prior to its expressed maturity. 

  
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 SECTION 8.1.6 Judgments. Any judgment or order for the payment of
money individually or in the aggregate in excess of $10,000,000 (exclusive of any amounts fully covered by insurance (less any applicable deductible) and as to which the insurer has acknowledged its responsibility to cover such judgment or order)
shall be rendered against any Borrower or any of its Subsidiaries or any other Obligor and such judgment shall not have been vacated or discharged or stayed or bonded pending appeal within thirty (30) days after the entry thereof or enforcement
proceedings shall have been commenced by any creditor upon such judgment or order. 
 SECTION 8.1.7 Pension
Plans. Any of the following events shall occur with respect to any Pension Plan: 
 (a) the institution of
any steps by Winn-Dixie, any member of its Controlled Group or any other Person to terminate a Pension Plan if, as a result of such termination, Winn-Dixie or any such member could be required to make a contribution to such Pension Plan, or could
reasonably expect to incur a liability or obligation to such Pension Plan, in excess of $5,000,000; or 
 (b) a
contribution failure occurs with respect to any Pension Plan sufficient to give rise to a Lien under section 302(f) of ERISA. 
 SECTION 8.1.8 Change in Control. Any Change in Control shall occur. 
 SECTION 8.1.9 Impairment of Security, etc. Any Loan Document or any Lien granted thereunder shall (except in accordance with its terms), in whole or in part, terminate, cease to be effective or
cease to be the legally valid, binding and enforceable obligation of any Obligor party thereto; any Obligor or any other party shall, directly or indirectly, contest in any manner such effectiveness, validity, binding nature or enforceability; or,
except as permitted under any Loan Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, except with respect to Collateral described in the Security Agreement constituting money,
letter-of-credit rights, motor vehicles, motor vehicle trailers, Florida liquor licenses, fixtures and deposit accounts that are not Majority Accounts. 
 SECTION 8.1.10 Bankruptcy, Insolvency, etc. Winn-Dixie, any of its Subsidiaries or any other Obligor shall: 
 (a) become insolvent or generally fail to pay, or admit in writing its inability or unwillingness generally to pay, debts as they become due; 

(b) apply for, consent to, or acquiesce in the appointment of a trustee, receiver, sequestrator or other custodian for any
substantial part of the property of any thereof, or make a general assignment for the benefit of creditors; 

  
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 (c) in the absence of such application, consent or acquiescence, permit or
suffer to exist the appointment of a trustee, receiver, sequestrator or other custodian for a substantial part of the property of any thereof, and such trustee, receiver, sequestrator or other custodian shall not be discharged within sixty
(60) days; provided that Winn-Dixie, each Subsidiary and each other Obligor hereby expressly authorizes each Secured Party to appear in any court conducting any relevant proceeding during such sixty (60) day period to preserve, protect and
defend their rights under the Loan Documents; 
 (d) permit or suffer to exist the commencement of any
bankruptcy, reorganization, debt arrangement or other case or proceeding under any bankruptcy or insolvency law or any dissolution, winding up or liquidation proceeding, in respect thereof, and, if any such case or proceeding is not commenced by
Winn-Dixie, any Subsidiary or any Obligor, such case or proceeding shall be consented to or acquiesced in by Winn-Dixie, such Subsidiary or such Obligor, as the case may be, or shall result in the entry of an order for relief or shall remain for
sixty (60) days undismissed; provided that Winn-Dixie, each Subsidiary and each Obligor hereby expressly authorizes each Secured Party to appear in any court conducting any such case or proceeding during such 60 day period to preserve, protect
and defend their rights under the Loan Documents; or 
 (e) take any action authorizing, or in furtherance of,
any of the foregoing. 
 SECTION 8.1.11 Suspension under Credit Card Agreement, etc. 

(a) Any Credit Card Issuer or Credit Card Processor withholds payment of amounts otherwise payable to a Borrower to fund a
reserve account or otherwise holds as collateral, or shall require a Borrower to pay funds into a reserve account or for such Credit Card Issuer or Credit Card Processor to otherwise hold as collateral, or any Borrower shall provide a letter of
credit, guarantee, indemnity or similar instrument to or in favor of such Credit Card Issuer or Credit Card Processor such that in the aggregate all of such funds in the reserve account, other amounts held as collateral and the amount of such
letters of credit, guarantees, indemnities or similar instruments shall exceed $40,000,000; or 
 (b) any Credit
Card Issuer or Credit Card Processor shall send written notice to any Borrower that it is ceasing to make or suspending payments to any Borrower of amounts due or to become due to any Borrower or shall cease or suspend such payments, or shall send
written notice to any Borrower that it is terminating its arrangements with any Borrower or such arrangements shall terminate as a result of any event of default under such arrangements, which continues for more than the applicable cure period, if
any, with respect thereto, unless such Borrower shall have entered into arrangements with another Credit Card Issuer or Credit Card Processor, as the case may be, within forty-five (45) days after the date of any such notice. 

SECTION 8.2 Actions Related to Bankruptcy. If any Event of Default described in Section 8.1.10 hereof with respect to any
Borrower shall occur, the Commitments (if not theretofore terminated) shall automatically and immediately terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including Reimbursement Obligations but
excluding Hedging Obligations) shall automatically be and become immediately due and payable, without notice or demand to any Person and each Obligor shall automatically and immediately be obligated to Cash Collateralize all Letter of Credit
Outstandings. 

  
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 SECTION 8.3 Action if Other Event of Default. If any Event of Default (other than any
Event of Default described in Section 8.1.10 hereof with respect to any Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, Agent may, and upon the direction of the Required Lenders, shall by notice to the
Administrative Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations but excluding Hedging Obligations) to be due and payable and/or the Commitments (if not
theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment,
and/or, as the case may be, the Commitments shall terminate and Borrowers shall automatically and immediately be obligated to Cash Collateralize all Letter of Credit Outstandings. 

SECTION 8.4 Application of Proceeds After an Event of Default. Any moneys received or collected by Agent, any Co-Collateral Agent
or any Lender from any Borrower or Guarantor after the occurrence of an Event of Default (including the monetary proceeds of collections or of realization upon any Collateral) shall be applied as follows: 

(a) First, to pay any costs and expenses or other liabilities of any kind (i) incurred by Agent or any Co-Collateral
Agent in connection with any actions relating to any Collateral (including without limitation, audit and monitoring expenses and any expenses and liabilities in connection with foreclosing upon any Collateral) or the enforcement of any Loan Document
or (ii) incurred by any Secured Party in connection with and to the extent permitted by Section 10.3 hereof, 
 (b) Second, to pay any other fees, indemnities or expense reimbursements then due to Agent, any Collateral Agent or Issuer from any Borrower or Guarantor, 

(c) Third, ratably, to pay all accrued (i) interest in respect of Revolving Loans (and including any Special Agent
Advances), (ii) Subfacility Letter of Credit Fees, (iii) Standby Letter of Credit Fees and (iv) unused line fees, 
 (d) Fourth, to pay or prepay principal in respect of Special Agent Advances and Revolving Loans made pursuant to (and to Cash Collateralize all Letters of Credit issued pursuant to) Section 10.20
hereof, 
 (e) Fifth, ratably, to (i) pay principal due in respect of Revolving Loans, (ii) pay
Obligations outstanding under Rate Protection Agreements entered into between a Borrower and Agent or any Bank Product Provider that is a Lender or an Affiliate of a Lender (but only up to the amount of any then effective Reserve established in
respect of such Obligations not to exceed $20,000,000 in the aggregate), (iii) pay any reimbursement amounts outstanding with respect to, and Cash Collateralize all other obligations (including contingent obligations) in respect of, Subfacility
Letters of Credit, and (iv) pay any reimbursement amounts outstanding with respect to, and Cash Collateralize all other obligations (including contingent obligations) in respect of, Standby Letters of Credit, 

  
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 (f) Sixth, to pay or prepay any Obligations arising under or pursuant to any
Bank Products provided by a Bank Product Provider that is a Lender or an Affiliate of a Lender consisting of ACH Transactions, 
 (g) Seventh, to pay or prepay any Obligations arising under or pursuant to any Bank Products provided by a Bank Product Provider that is a Lender or an Affiliate of a Lender (other than to the extent
provided for in clauses (e) and (f) above), 
 (h) Eighth, to pay or prepay any Obligations arising
under or pursuant to any Bank Products provided by any Bank Product Provider that is not a Lender or an Affiliate of a Lender, and 
 (i) Ninth, to pay or prepay any other Obligations whether or not then due, in such order and manner as Agent determines. 
 ARTICLE IX 
 THE AGENT AND CO-COLLATERAL AGENTS 

SECTION 9.1 Actions. Each Lender hereby appoints Wells Fargo Bank to act as Agent and each of Wells Fargo Bank and GECC to act as
Co-Collateral Agents under and for purposes of each Loan Document, in each case with such powers as are specifically delegated to Agent and Co-Collateral Agents, respectively, by the terms of this Agreement and of the other Loan Documents, together
with such other powers as are reasonably incidental thereto (and, in the absence of other written instructions from the Required Lenders received from time to time by Agent or Co-Collateral Agents, as the case may be, with respect to which Agent and
Co-Collateral Agents, as applicable, agree that they will comply, except as otherwise provided in this Section or as otherwise advised by counsel in order to avoid contravention of applicable law). Each Lender hereby indemnifies (which indemnity
shall survive any termination of this Agreement) Agent, each Co-Collateral Agent and each Arranger, pro rata according to such Lender’s Commitment, from and against any and all liabilities, obligations, losses, damages, claims, costs or
expenses of any kind or nature whatsoever which may at any time be imposed on, incurred by, or asserted against, Agent, any Co-Collateral Agent or any Arranger, as the case may be, or in any way relating to or arising out of any Loan Document
(including attorneys’ fees and expenditures to protect or preserve any collateral), and as to which Agent, any Co-Collateral Agent or any Arranger, as the case may be, is not reimbursed by Borrowers; provided, however, that no Lender shall be
liable for the payment of any portion of such liabilities, obligations, losses, damages, claims, costs or expenses which (a) in the case of liabilities, obligations, losses, damages, claims, costs or expenses claimed by Agent or any
Co-Collateral Agent, are determined by a court of competent jurisdiction in a final proceeding to have resulted from Agent’s or such Co-Collateral Agent’s gross negligence or willful misconduct, and (b) in the case of liabilities,
obligations, losses, damages, claims, costs or expenses claimed by any Arranger are determined by a court of competent jurisdiction in a final proceeding to have resulted solely from such Arranger’s gross negligence or willful misconduct.
Neither Agent or any Co-Collateral Agent shall be required to take any action under any Loan Document, or to prosecute or defend any suit in respect of any Loan Document, unless it is indemnified hereunder to its satisfaction. If any indemnity in
favor of Agent or any Co-Collateral Agent shall be or become, in Agent’s or any such Co-Collateral Agent’s determination, inadequate, Agent or such Co-Collateral Agent may call for additional indemnification from the Lenders and cease to
do the acts indemnified against hereunder until such additional indemnity is given. 

  
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 SECTION 9.2 Funding Reliance, etc. Unless Agent shall have been notified in writing
by any Lender by 2:00 p.m. (New York time) on the same Business Day as the proposed Borrowing in the case of Base Rate Loans, or by 3:00 p.m. (New York time) on the Business Day prior to a Borrowing in the case of LIBO Rate Loans, that such Lender
will not make available the amount which would constitute its Percentage of such Borrowing on the date specified therefor, Agent may assume that such Lender has made such amount available to Agent and, in reliance upon such assumption, make
available to any Borrower a corresponding amount. If and to the extent that such Lender shall not have made such amount available to Agent, such Lender and such Borrower severally agree to repay Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date Agent made such amount available to such Borrower to the date such amount is repaid to Agent, at the interest rate applicable at the time to Loans comprising such Borrowing (in the case of a
Borrower) and (in the case of a Lender), at the Federal Funds Rate (for the first two (2) Business Days after which such amount has not been repaid), and thereafter at the interest rate applicable to Loans comprising such Borrowing. 

SECTION 9.3 Exculpation. None of Agent, any Co-Collateral Agent or any Arranger or any of their respective directors, officers,
employees or agents shall be liable to any Secured Party for any action taken or omitted to be taken by it under any Loan Document, or in connection herewith or therewith, except for its own willful misconduct or gross negligence, nor responsible
for any recitals or warranties herein or therein, nor for the effectiveness, enforceability, validity or due execution of any Loan Document, nor for the creation, perfection or priority of any Liens purported to be created by any of the Loan
Documents, or the validity, genuineness, enforceability, existence, value or sufficiency of any collateral security, nor to make any inquiry respecting the performance by any Obligor of its Obligations. Any such inquiry which may be made by Agent or
any Co-Collateral Agent shall not obligate it to make any further inquiry or to take any action. Agent and Co-Collateral Agents shall be entitled to rely upon advice of counsel concerning legal matters and upon any notice, consent, certificate,
statement or writing which Agent or any Co-Collateral Agent believes to be genuine and to have been presented by a proper Person. Agent and each Co-Collateral Agents may discharge its responsibilities and actions hereunder and under the Loan
Documents through affiliates and/or sub-agents selected by them. 

  
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 SECTION 9.4 Successor. Agent may resign as such at any time upon at least thirty
(30) days’ prior notice to the Administrative Borrower and all Lenders. If Agent at any time shall resign, the Required Lenders may appoint another Lender as a successor Agent, which shall thereupon become Agent hereunder. If no successor
Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within thirty (30) days after the retiring Agent’s giving notice of resignation, then the retiring Agent may, on behalf of the Lenders,
appoint a successor Agent, which shall be one of the Lenders or a commercial banking institution organized under the laws of the United States (or any state thereof) or a United States branch or agency of a commercial banking institution, and having
a combined capital and surplus of at least $500,000,000; provided, however, that if, such retiring Agent is unable to find a commercial banking institution which is willing to accept such appointment and which meets the qualifications set forth in
above, the retiring Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform all of the duties of Agent hereunder until such time, if any, as the Required Lenders appoint a successor as provided
for above. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall be entitled to receive from the retiring Agent such documents of transfer and assignment as such successor Agent may reasonably
request, and shall thereupon succeed to and become vested with all rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under the Loan Documents. After any retiring
Agent’s resignation hereunder as Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under the Loan Documents, and Section 10.3 and Section 10.4
hereof shall continue to inure to its benefit. 
 SECTION 9.5 Loans by Wells Fargo Bank and GECC . Each of Wells Fargo
Bank and GECC (and their respective Affiliates) shall have the same rights and powers with respect to the Credit Extensions made by it or any of its Affiliates as any other Lender and may exercise the same as if it were not an Agent or a
Co-Collateral Agent. Each of Wells Fargo Bank and GECC (and their respective Affiliates) may accept deposits from, lend money to, and generally engage in any kind of business with any Borrower or any Subsidiary or Affiliate of any Borrower as if
Wells Fargo Bank or GECC (as the case may be) were not an Agent, a Co-Collateral Agent, a Lender or the Swing Line Lender hereunder. 
 SECTION 9.6 Credit Decisions. Each Lender acknowledges that it has, independently of Agent, each Co-Collateral Agent and each other Lender, and based on such Lender’s review of the financial
information of Borrowers, the Loan Documents (the terms and provisions of which being satisfactory to such Lender) and such other documents, information and investigations as such Lender has deemed appropriate, made its own credit decision to extend
its Commitments. Each Lender also acknowledges that it will, independently of Agent, each Co-Collateral Agent and each other Lender, and based on such other documents, information and investigations as it shall deem appropriate at any time, continue
to make its own credit decisions as to exercising or not exercising from time to time any rights and privileges available to it under the Loan Documents. 

  
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 SECTION 9.7 Copies, etc. Agent shall give prompt notice to each Lender and each
Co-Collateral Agent of each notice or request given to Agent by a Borrower pursuant to the terms of the Loan Documents for distribution to the Lenders (unless concurrently delivered to the Lenders by Borrowers). Agent will distribute to each Lender
and each Co-Collateral Agent each document or instrument received by Agent for the account of such Lender or Co-Collateral Agent and copies of all other communications received by Agent from a Borrower for distribution to the Lenders and
Co-Collateral Agents by Agent to the extent required to be so distributed in accordance with the terms of the Loan Documents. 

SECTION 9.8 Reliance by Agents. Agent and each Co-Collateral Agent shall be entitled to rely upon any certification, notice or
other communication (including any thereof by telephone, telecopy, telegram or cable) believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper Person, and upon advice and statements of legal counsel,
independent accountants and other experts selected by Agent. As to any matters not expressly provided for by the Loan Documents, Agent and Co-Collateral Agents shall in all cases be fully protected in acting, or in refraining from acting, hereunder
or thereunder in accordance with instructions given by the Required Lenders or all of the Lenders as is required in such circumstance, and such instructions of such Lenders and any action taken or failure to act pursuant thereto shall be binding on
all Secured Parties. For purposes of applying amounts in accordance with this Section, Agent and each Co-Collateral Agent shall be entitled to rely upon any Secured Party that has entered into a Rate Protection Agreement with any Obligor for a
determination (which such Secured Party agrees to provide or cause to be provided upon request of either Agent) of the outstanding Obligations owed to such Secured Party under any Rate Protection Agreement. Unless it has actual knowledge evidenced
by way of written notice from any such Secured Party and Winn-Dixie to the contrary, Agent and each Co-Collateral Agent, in acting in such respective capacities under the Loan Documents, shall be entitled to assume that no Rate Protection Agreements
or Obligations in respect thereof are in existence or outstanding between any Secured Party and any Obligor. 
 SECTION 9.9
Defaults. Neither Agent or any Co-Collateral Agent shall be deemed to have knowledge or notice of the occurrence of a Default unless such Agent or Co-Collateral Agent has received a written notice from a Lender or Winn-Dixie specifying such
Default and stating that such notice is a “Notice of Default”. In the event that Agent receives such a notice of the occurrence of a Default, Agent shall give prompt notice thereof to the Lenders and the Co-Collateral Agents. Agent shall
(subject to Section 10.1 hereof) take such action with respect to such Default as shall be directed by the Required Lenders; provided that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to)
take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interest of the Lenders except to the extent that this Agreement expressly requires that such action be taken, or not be taken,
only with the consent or upon the authorization of the Required Lenders or all Lenders. 

  
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 SECTION 9.10 Other Agent Designations. The Lenders identified in the preamble to this
Agreement as the “Syndication Agent”, the “Co-Documentation Agents”, the “Joint Lead Arrangers” and the “Joint Bookrunners”, respectively, shall, in each case, not have any right, power, obligation, liability,
responsibility or duty under this Agreement or any of the other Loan Documents other than those applicable to all Lenders as such. Without limiting the foregoing, the Lenders so identified as the “Syndication Agent”, the
“Co-Documentation Agents”, the “Joint Lead Arrangers” and the “Joint Bookrunners”, respectively, shall not have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not
relied, and will not rely, on the Lenders so identified as the “Syndication Agent”, the “Co-Documentation Agents”, the “Joint Lead Arrangers” and the “Joint Bookrunners” in deciding to enter into this
Agreement and each other Loan Document to which it is a party or in taking or not taking action hereunder or thereunder. 

SECTION 9.11 Co-Collateral Agent Determinations. 

(a) Notwithstanding anything in this Agreement or any other Loan Document to the contrary, each Co-Collateral Agent shall
have rights under the Loan Documents that are as expansive as the rights afforded hereunder or thereunder to the Agent relating to (i) (A) the definition herein of the term “Excess Availability” and any component of such
definition, (B) the definition herein of the term “Borrowing Base” and any component of such definition (including, without limitation, Reserves, advance rates and eligibility criteria), and (C) any decrease of the minimum Excess
Availability covenant in Section 7.2.4, (ii) Collateral reporting requirements, Collateral appraisals, examinations and collateral audits, and Collateral environmental reviews and (iii) verifying the validity, extent, perfection or
priority of the Liens granted to the Agent under the Loan Documents regarding the Collateral (the matters described in clauses (i), (ii) and (iii) above being herein collectively called the “Collateral Issues”); provided,
that, GECC (either in its individual capacity or in its capacity as a Co-Collateral Agent) shall not be named on financing statements or be involved in the actual administration of Collateral with respect to which perfection is obtained
through possession or control. 
 (b) If any provision in this Agreement or any of the other Loan Documents
relating to a Collateral Issue allows the Agent to request that any action be taken or any documents or other information be provided by or on behalf of any Obligor, the Agent shall make any such request that any of the Co-Collateral Agents may
request and shall provide such Co-Collateral Agent with any such documents or information so requested promptly after the receipt thereof by the Agent. Without limiting the generality of the foregoing, any provision in this Agreement or any other
Loan Document relating to a Collateral Issue which would otherwise need the consent or approval of, or to be satisfactory or acceptable (subject to any applicable standards of good faith and reasonableness set forth in this Agreement relating to any
such provision), to the Agent shall be deemed to require the consent or approval of, or be satisfactory or acceptable (subject to any applicable standards of good faith and reasonableness set forth in this Agreement relating to any such provision),
to each Co-Collateral Agent. 
 (c) In the event that the Agent and the Co-Collateral Agents cannot agree on any
Collateral Issue relating to the Borrowing Base, Excess Availability, Borrowing Base eligibility standards, Reserves, advance rates, Borrowing Base reporting, Collateral appraisals or examinations or any other action or determination pertaining to
any Collateral Issue, the determination shall be made by the Agent or the Co-Collateral Agent either asserting the more conservative credit judgment (that is, that would result in the least amount of credit being available to the Borrowers under
this Agreement) or declining to permit the requested action, which credit judgment shall be exercised in accordance with the standards (if any) expressly prescribed in this Agreement for such matter. 

  
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 (d) Each party hereto hereby agrees that nothing contained in this
Section 9.11 shall permit any Co-Collateral Agent (in its capacity as such) to implement any Reserves or undertake to order any appraisals, audits or examinations of any Collateral, but rather this Agreement grants each Co-Collateral Agent the
right and authority to direct the Agent to do so in accordance with the terms and conditions of this Agreement. 

(e) Notwithstanding anything in this Agreement or any of the other Loan Documents to the contrary, each of the
Co-Collateral Agents hereby agrees with the Agent that (i) the Agent shall have sole and exclusive authority and responsibility under this Agreement and the other Loan Documents (without the consent or further approval of any Co-Collateral
Agent) (A) to make protective Special Agent Advances under Section 2.1.1(e) of this Agreement or over-advances under Section 10.20 of this Agreement so long as such advances or over-advances are made in accordance with the terms and
conditions of this Agreement and (B) to select, employ and retain all attorneys, financial and other advisors, consultants, appraisers and other professionals retained or to be retained by the Agent; and (ii) all rights of each of the
Co-Collateral Agents hereunder and the obligation of the Agent to comply with any request or direction of any Co-Collateral Agent shall be at all times subject to the terms and conditions and any limitations set forth in any applicable Loan
Document, including without limitation, the Qualified Debt Intercreditor Agreement. The Agent agrees to provide each Co-Collateral Agent with drafts of audit reports and final versions of Collateral appraisals and audit reports promptly after the
Agent’s receipt thereof (but the Agent shall not be liable for failing to do so). 
 (f) Each Co-Collateral
Agent expressly agrees and acknowledges that the Agent (i) does not make any representation or warranty as to the accuracy of any appraisal, collateral report, item or information furnished to such Collateral Agent by the Agent pursuant to this
Section 9.11 or otherwise pursuant to the Loan Documents and (ii) shall not be liable for any information contained in any appraisal, collateral report or item referenced above. 

SECTION 9.12 Intercreditor Arrangements. Each Lender agrees that it authorizes and directs Agent to enter into on behalf of such
Lender and such Lender will be bound (as a Lender) by the terms and conditions of the Qualified Debt Intercreditor Agreement (if applicable), whether or not such Lender executes such Qualified Debt Intercreditor Agreement. 

SECTION 9.13 Field Audit, Examination Reports and other Information. By signing this Agreement, each Lender and Co-Collateral
Agent: 
 (a) is deemed to have requested that Agent furnish such Lender and such Co-Collateral Agent, promptly
after it becomes available, a copy of each field audit or examination report and report with respect to the Borrowing Base prepared or received by Agent (each field audit or examination report and report with respect to the borrowing base being
referred to herein as a “Report” and collectively, “Reports”), appraisal and financial statements; 

  
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 (b) expressly agrees and acknowledges that neither the Agent or any
Co-Collateral Agent (i) makes any representation or warranty as to the accuracy of any Report, appraisal or financial statement or (ii) shall be liable for any information contained in any Report, appraisal or financial statement;

 (c) expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that
Agent or any other party performing any audit or examination will inspect only specific information regarding Borrowers and Guarantors and will rely significantly upon Borrowers’ and Guarantors’ books and records, as well as on
representations of Borrowers’ and Guarantors’ personnel; and 
 (d) agrees to keep all Reports
confidential and strictly for its internal use in accordance with customary banking practices, and not to distribute or use any Report in any other manner. 
 ARTICLE X 
 MISCELLANEOUS PROVISIONS 

SECTION 10.1 Waivers, Amendments, etc. (a) The provisions of each Loan Document (not including, for any purposes of this
Section 10.1 hereof, the Fee Letter or any Rate Protection Agreement, each of which shall be governed by the terms thereof) may from time to time be amended, modified or waived, if such amendment, modification or waiver is in writing and
consented to by Borrowers and the Required Lenders; provided, however, that no such amendment, modification or waiver shall: 
 (i) modify this Section 10.1 without the consent of all Lenders (other than any Defaulting Lenders at such time except with respect to clauses (ii) and (iii) below); 

(ii) increase the aggregate amount of any Credit Extensions required to be made by a Lender pursuant to its Commitments,
extend the final Commitment Termination Date of Credit Extensions made (or participated in) by a Lender or extend the final Stated Maturity Date for any Lender’s Loan, in each case without the consent of each such Lender (it being agreed,
however, that any vote to rescind any acceleration made pursuant to Section 8.2 and Section 8.3 hereof of amounts owing with respect to the Loans and other Obligations shall only require the vote of the Required Lenders); 

(iii) reduce the principal amount of or rate of interest on any Lender’s Loan or Reimbursement Obligation owing to
it, reduce any fees described in Article III payable to any Lender or extend the date on which interest or fees are payable in respect of such Lender’s Loans, in each case without the consent of each such Lender; 

  
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 (iv) modify the percentage set forth in the definition of “Required
Lenders” or “Required Supermajority Lenders” or modify any requirement hereunder that any particular action be taken by a specific percentage of Lenders (whether it be Required Lenders, Required Supermajority Lenders or all Lenders)
without the consent of all Lenders (other than any Defaulting Lenders at such time); 
 (v) (A) increase the
Stated Amount of any Letter of Credit unless consented to by the Issuer of such Letter of Credit, (B) extend the Stated Expiry Date of any Subfacility Letter of Credit beyond the Commitment Termination Date without compliance with all
requirements of Section 2.1.2(b) hereof, without the consent of all of the Lenders deemed to participate in such Letter of Credit or (C) extend the Stated Expiry Date of any Standby Letter of Credit beyond the Commitment Termination Date
without compliance with all requirements of Section 2.1.3(b) hereof, without the consent of all of the Lenders (other than any Defaulting Lenders at such time) deemed to participate in such Letter of Credit; 

(vi) except as expressly provided in Section 10.13(a) herein or otherwise as expressly provided in this Agreement or
any other Loan Document, (A) release Borrowers from all of their Obligations under the Loan Documents, (B) release any parties from the Guarantee Agreement comprising all or substantially all of the value represented by the Guarantee
Agreement, or (C) release all or substantially all of the Collateral from the Liens under the Loan Documents or all or substantially all of the Borrowing Base Assets or Leasehold Property (except as permitted in accordance with
Section 7.2.11 hereof), in each case without the consent of all Lenders (other than any Defaulting Lenders at such time); 
 (vii) increase the five (5%) percent of the Borrowing Base cap on Special Agent Advances made pursuant to Section 2.1.1 and additional Revolving Loans made pursuant to Section 10.20 hereof,
without the consent of all Lenders (other than any Defaulting Lenders at such time); 
 (viii) (A) increase the
advance percentage rates constituting part of the Borrowing Base (in excess of the stated advance percentage rates in effect on the date hereof), or (B) modify the definition of “Borrowing Base” (or any of the defined terms referred
to in the definition of the term Borrowing Base) but only to the extent such proposed modification would result in the increase in the advance rates above those in effect on the date hereof or in the increase of the amount of the Borrowing Base, in
each case without the consent of the Required Supermajority Lenders (other than any Defaulting Lenders at such time) and the Co-Collateral Agents; 
 (ix) amend, modify or waive any terms of Section 9.11 hereof, or amend the definition of “Co-Collateral Agents”, in each case without the consent of each of the Co-Collateral Agents;

 (x) except as provided in Section 2.2.1 hereof, increase the Maximum Credit (other than as a result of an
increase to the Maximum Credit pursuant to and in accordance with the terms of Section 2.2.1 hereof), in each case without the consent of all Lenders (other than any Defaulting Lenders at such time); 

(xi) affect adversely the interests, rights or obligations of Agent or any Co-Collateral Agent (in its capacity as Agent
or Co-Collateral Agent, as applicable) or the Issuer (in its capacity as Issuer), in each case without the consent of Agent, such Co-Collateral Agent or the Issuer, as the case may be; 

  
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 (xii) decrease the minimum amount of Excess Availability required to be
maintained by Borrowers under Section 7.2.4 hereof without the consent of the Required Supermajority Lenders (other than any Defaulting Lenders at such time) and the Co-Collateral Agents; 

(xiii) except as expressly provided in Section 10.13(a) hereof or otherwise as expressly provided in this Agreement
or any other Loan Document, subordinate any Lien in favor of the Agent on any Collateral, or subordinate any of the Obligations, without the consent of Co-Collateral Agents and all Lenders (other than any Defaulting Lenders at such time); or

 (xiv) change the relative priority as set forth in Section 8.4 hereof, without the consent of all Lenders
(other than any Defaulting Lenders at such time). 
 (b) No failure or delay on the part of any Secured Party in
exercising any power or right under any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right.
All rights and remedies provided for in this Agreement are cumulative, and not exclusive of rights and remedies provided by law. No notice to or demand on any Obligor in any case shall entitle it to any notice or demand in similar or other
circumstances. No waiver or approval by any Secured Party under any Loan Document shall, except as may be otherwise stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval hereunder shall require any
similar or dissimilar waiver or approval thereafter to be granted hereunder. 
 (c) Notwithstanding anything to
the contrary contained in Section 10.1(a) above, in connection with any amendment, modification, waiver, discharge or termination, in the event that any Lender whose consent thereto is required shall fail to consent or fail to consent in a
timely manner (such Lender being referred to herein as a “Non-Consenting Lender”), but the consent of any other Lenders to such amendment, modification, waiver, discharge or termination that is required are obtained, if any, then either
Administrative Borrower (so long as no Default shall have occurred and be continuing and otherwise pursuant to the terms of Section 4.11 hereof) or Wells Fargo Bank shall have the right, but not the obligation, at any time thereafter to cause
such Non-Consenting Lender, and upon the exercise by either Administrative Borrower or Wells Fargo Bank of such right, such Non-Consenting Lender shall have the obligation, to sell, assign and transfer to Wells Fargo Bank or such Eligible Assignee
as either Administrative Borrower or Wells Fargo Bank, as the case may be, may specify, the Commitment of such Non-Consenting Lender and all rights and interests of such Non-Consenting Lender pursuant thereto. Administrative Borrower or Wells Fargo
Bank, as the case may be, shall provide the Non-Consenting Lender with prior written notice of its intent to exercise its right under this Section, which notice shall specify on date on which such purchase and sale shall occur. Such purchase and
sale shall be pursuant to the terms of a Lender Assignment Agreement (whether or not executed by the Non-Consenting Lender), except that on the date of such purchase and sale, Wells Fargo Bank, or such Eligible Assignee specified by Administrative
Borrower or Wells Fargo Bank, shall pay to the Non-Consenting Lender (except as Wells Fargo Bank and such Non-Consenting Lender may otherwise agree) the amount equal to: (i) the principal balance of the Loans held by the Non-Consenting Lender
outstanding as of the close of business on the Business Day immediately preceding the effective date of such purchase and sale, plus (ii) amounts accrued and unpaid in respect of interest and fees payable to the Non-Consenting Lender to the
effective date of the purchase. Such purchase and sale shall be effective on the date of the payment of such amount to the Non-Consenting Lender and the Commitment of the Non-Consenting Lender shall terminate on such date. 

  
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 (d) The consent of Agent and each Bank Product Provider that is providing
Bank Products to Borrowers and has outstanding any such Bank Products at such time that are secured under the Loan Documents shall be required for any amendment to the priority of payment of Obligations arising under or pursuant to any Rate
Protection Agreements of a Borrower or other Bank Products as set forth in Section 8.4 hereof. 
 SECTION 10.2 Notices;
Time. All notices and other communications provided under each Loan Document shall be in writing or by facsimile and addressed, delivered or transmitted, if to a Borrower or Agent, at its address or facsimile number set forth below its signature
in this Agreement, and if to a Lender or Issuer to the applicable Person at its address or facsimile number set forth in the Lender Assignment Agreement or at such address or facsimile number as may be designated by such party in a notice to the
other parties hereto. Any notice, if mailed and properly addressed with postage prepaid or if properly addressed and sent by pre-paid courier service, shall be deemed given when received; any notice, if transmitted by facsimile, shall be deemed
given when the confirmation of transmission thereof is received by the transmitter. The parties hereto agree that delivery of an executed counterpart of a signature page to this Agreement and each other Loan Document by facsimile shall be effective
as delivery of an original executed counterpart of this Agreement or such other Loan Document. Unless otherwise indicated, all references to the time of a day in a Loan Document shall refer to New York City time. 

(b) Notices and other communications to Agent, Co-Collateral Agents, Lenders and Issuer hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by Agent or as otherwise determined by Agent; provided, that, the foregoing shall not apply to notices to Agent,
any Co-Collateral Agent, any Lender or Issuer pursuant to Article II hereof except to the extent otherwise agreed to by Agent, any Co-Collateral Agent, any Lender or Issuer. Unless Agent otherwise requires, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement) or upon such other evidence reasonably acceptable to Agent that such notice has been received by the intended recipient, provided, that, if such notice or other communication is not given during the normal business
hours of the recipient, such notice shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received
upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communications is available and identifying the website address therefor. In no event shall
Agent or any of its officers, directors, agents, employees, advisors and counsel and their respective Affiliates have any liability to Borrowers, Guarantors, any Co-Collateral Agent, any Lender, the Issuing Bank or any other Person for losses,
claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrowers’ or Agent’s transmission of materials through the Internet, except to the extent that such losses, claims, damages,
liabilities or expenses are determined by a court of competent jurisdiction by a final nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Person; provided, that, in no event shall Agent or
any of its officers, directors, agents, employees, advisors and counsel and their respective Affiliates have any liability to Borrowers, Guarantors, any Co-Collateral Agent, any Lender, the Issuer or any other Person for indirect, special,
incidental, consequential or punitive damages (as opposed to direct or actual damages). 

  
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 SECTION 10.3 Payment of Costs and Expenses. Borrowers jointly and severally agree to
pay on demand all reasonable expenses of Agent, each Co-Collateral Agent and the Arrangers (including the reasonable fees, out-of-pocket expenses and other charges of Otterbourg, Steindler, Houston & Rosen, P.C. and of local counsel, if
any, who may be retained by or on behalf of Agent, any Co-Collateral Agent and any Arranger) together with such advance funds as may from time to time be reasonably requested, without duplication of any amounts paid under the Fee Letter, in
connection with 
 (a) the negotiation, preparation, execution, delivery and ongoing administration (including
analyzing and/or providing legal advice) of each Loan Document, including schedules and exhibits, and any amendments, waivers, consents, supplements or other modifications to any Loan Document as may from time to time hereafter be required, whether
or not the transactions contemplated hereby or thereby are consummated; 
 (b) the filing, recording, refiling
and rerecording of any Loan Document and/or any Filing Statements relating thereto and all amendments, supplements, amendments and restatements and other modifications to any thereof, searches made following the Closing Date in jurisdictions where
Filing Statements (or other documents evidencing Liens in favor of the Secured Parties) have been recorded and any and all other documents or instruments of further assurance required to be filed, recorded, refiled or rerecorded by the terms of any
Loan Document; 
 (c) the preparation and review of the form of any document or instrument relevant to any Loan
Document; 
 (d) out-of-pocket appraisal fees, consultant fees and field examination expenses, plus a per diem
field examination charge at Agent’s or the applicable Co-Collateral Agent’s then standard rate for Agent’s or such Co-Collateral Agent’s examiners in the field and office (plus travel, hotel and other out-of-pocket expenses); and

 (e) the syndication of the Loans. 

  
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 Borrowers further jointly and severally agree to pay, and to save each Secured Party and each Arranger
harmless from all liability for, any stamp or other taxes which may be payable in connection with the execution or delivery of each Loan Document or the Credit Extensions. Borrowers also jointly and severally agree to reimburse each Secured Party
and each Arranger upon demand for all their reasonable out-of-pocket expenses (including their reasonable attorneys’ fees and legal expenses of counsel to each of them) in connection with (x) the negotiation of any restructuring or
“work-out” with Borrowers, whether or not consummated, of any Obligations and (y) the enforcement of any Obligations; provided, that, the attorneys’ fees and legal expenses of the Lenders (other than the Agent and
the Co-Collateral Agents) shall be limited to those of one law firm representing all such Lenders. 
 SECTION 10.4
Indemnification. In consideration of the execution and delivery of this Agreement and the financing arrangements contemplated hereunder, each of Borrowers hereby jointly and severally indemnifies, exonerates and holds each Secured Party, each
Arranger, Agent and each of their respective officers, directors, employees, trustees, investment advisors and agents (collectively, the “Indemnified Parties”) free and harmless from and against any and all actions, causes of action,
suits, losses, costs, liabilities and damages, and expenses incurred in connection therewith or in connection with the preparation of a defense in relation thereto, as the case may be (irrespective of whether any such action for which
indemnification hereunder is sought is brought by any Borrower, the equityholders or creditors of any Borrower or by an Indemnified Party or whether an Indemnified Party is otherwise a party to such action), including reasonable attorneys’
fees, disbursements and other charges, whether incurred in connection with actions between or among the parties hereto or the parties hereto and third parties (collectively, the “Indemnified Liabilities”), incurred by the Indemnified
Parties or any of them as a result of, or arising out of, or relating to 
 (a) any transaction financed or to be
financed in whole or in part, directly or indirectly, with the proceeds of any Credit Extension, including all Indemnified Liabilities arising in connection with the transactions contemplated herein; 

(b) the entering into and performance of any Loan Document by any of the Indemnified Parties (including any action brought
by or on behalf of Borrowers as the result of any determination by the Required Lenders pursuant to Article V not to fund any Credit Extension, provided that any such action is resolved in favor of such Indemnified Party); 

(c) any investigation, litigation or proceeding or preparation of a defense in connection therewith related to any
acquisition or proposed acquisition by any Obligor or any Subsidiary thereof of all or any portion of the Capital Securities or assets of any Person, whether or not an Indemnified Party is party thereto; 

(d) any investigation, litigation or proceeding or preparation of a defense in connection therewith related to any
environmental cleanup, audit, compliance or other matter relating to the protection of the environment or the Release by any Obligor or any Subsidiary thereof of any Hazardous Material; 

  
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 (e) the presence on or under, or the escape, seepage, leakage, spillage,
discharge, emission, discharging or releases from, any Real Property or Leasehold Property owned or operated by any Obligor or any Subsidiary thereof of any Hazardous Material (including any losses, liabilities, damages, injuries, costs, expenses or
claims asserted or arising under any Environmental Law), regardless of whether caused by, or within the control of, such Obligor or Subsidiary; or 
 (f) each Lender’s Environmental Liability (the indemnification herein shall survive repayment of the Obligations and any transfer of the property of any Obligor or its Subsidiaries by foreclosure or
by a deed in lieu of foreclosure for any Lender’s Environmental Liability, regardless of whether caused by, or within the control of, such Obligor or such Subsidiary); 
 except for Indemnified Liabilities arising for the account of a particular Indemnified Party by reason of the relevant Indemnified Party’s gross negligence, willful misconduct or material breach of
its obligations under this Agreement or other Loan Documents pursuant to a claim made by a Borrower or Guarantor, in each case as determined pursuant to a final, non-appealable order of a court of competent jurisdiction. Each Obligor and its
successors and assigns hereby waive, release and agree not to make any claim or bring any cost recovery action against, any Indemnified Party under CERCLA or any state equivalent, or any similar law now existing or hereafter enacted. It is expressly
understood and agreed that to the extent that any Indemnified Party is strictly liable under any Environmental Laws, each Obligor’s obligation to such Indemnified Party under this indemnity shall likewise be without regard to fault on the part
of any Obligor with respect to the violation or condition which results in liability of an Indemnified Party. If and to the extent that the foregoing undertaking may be unenforceable for any reason, each Obligor agrees to make the maximum
contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law. 

SECTION 10.5 Survival. The obligations of Borrowers under Sections 4.3, 4.4, 4.5, 4.6, 10.3, 10.4, 10.9, 10.14 and 10.15 hereof,
and the obligations of the Lenders under Section 9.1 hereof, shall in each case survive any assignment from one Lender to another (in the case of Sections 10.3 and 10.4 hereof) and the occurrence of the Termination Date. The representations and
warranties made by each Obligor in each Loan Document shall survive the execution and delivery of such Loan Document. 
 SECTION
10.6 Severability. Any provision of any Loan Document which is prohibited or unenforceable in any jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions of such Loan Document or affecting the validity or enforceability of such provision in any other jurisdiction. 
 SECTION 10.7 Headings. The various headings of each Loan Document are inserted for convenience only and shall not affect the meaning or interpretation of such Loan Document or any provisions
thereof. 

  
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 SECTION 10.8 Execution in Counterparts, Effectiveness, etc. This Agreement may be
executed by the parties hereto in several counterparts, each of which shall be an original and all of which shall constitute together but one and the same agreement. This Agreement shall become effective when counterparts hereof executed on behalf
of Borrowers, Agent, Co-Collateral Agents, the Arrangers and each Lender (or notice thereof satisfactory to Agent), shall have been received by Agent and all of the conditions set forth in Section 5.1 hereof have been fulfilled to the
satisfaction of Agent. 
 SECTION 10.9 Governing Law; Entire Agreement. EACH LOAN DOCUMENT (OTHER THAN THE LETTERS OF
CREDIT, TO THE EXTENT SPECIFIED BELOW AND EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN A LOAN DOCUMENT) WILL EACH BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND
5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) BUT EXCLUDING ANY PRINCIPLES OF CONFLICTS OF LAW OR OTHER RULE OF LAW THAT WOULD CAUSE THE APPLICATION OF THE LAW OF ANY JURISDICTION OTHER THAN THE LAWS OF THE STATE OF NEW YORK. EACH
STANDBY LETTER OF CREDIT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO LAWS OR RULES ARE DESIGNATED, THE INTERNATIONAL STANDBY PRACTICES (ISP98—INTERNATIONAL CHAMBER OF
COMMERCE PUBLICATION NUMBER 590 (THE “ISP RULES”)) AND, AS TO MATTERS NOT GOVERNED BY THE ISP RULES, THE LAWS OF THE STATE OF NEW YORK. EACH IMPORT LETTER OF CREDIT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OR RULES
DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO LAWS OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (UCP500—INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NUMBER 500 (THE “UCP RULES”)) AND, AS TO
MATTERS NOT GOVERNED BY THE UCP RULES, THE LAWS OF THE STATE OF NEW YORK. The Loan Documents constitute the entire understanding among the parties hereto with respect to the subject matter thereof and supersede any prior agreements, written or oral,
with respect thereto. 
 SECTION 10.10 Successors and Assigns. This Agreement shall be binding upon and shall inure to
the benefit of the parties hereto and their respective successors and assigns; provided, however, that Borrowers may not assign or transfer their rights or obligations hereunder without the consent of all Lenders. 

SECTION 10.11 Sale and Transfer of Credit Extensions; Participations in Credit Extensions. Each Lender may assign, or sell
participations in, its Loans, Letters of Credit and Commitments to one or more other Persons in accordance with the terms set forth below. 

  
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 SECTION 10.11.1 Assignments. 

(a) Any Lender (such Lender, the “Assignor Lender”), pursuant to a Lender Assignment Agreement, 

(i) subject to subsection (ii) of this Section 10.11.1(a), with the consent of the Winn-Dixie and Agent (which
consents shall not be unreasonably delayed or withheld and, which consent, in the case of Winn-Dixie, shall not be required (A) during the continuation of a Default or (B) for any assignment to one or more Eligible Assignees,
provided, that, Winn-Dixie shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Agent within ten (10) Business Days after having received notice thereof), may at any time
assign and delegate to one or more Eligible Assignees; and 
 (ii) upon notice to Winn-Dixie and Agent, upon
Agent’s acknowledgment on a Lender Assignment Agreement, may assign and delegate to any of its Affiliates, any Related Fund or to any other Lender; 
 (each Person described in either of the foregoing subsections as being the Person to whom such assignment and delegation is to be made, being hereinafter referred to as an “Assignee Lender”),
all or any fraction of such Assignor Lender’s Loans, Subfacility Letter of Credit Outstandings, Standby Letter of Credit Outstandings and Commitments in a minimum aggregate amount of $5,000,000 (or, if less, the entire remaining amount of such
Assignor Lender’s Loans, Subfacility Letter of Credit Outstandings, Standby Letter of Credit Outstandings and Commitments), such minimum amount not to be applicable in the case of an assignment by such Assignor Lender to another Lender, any
Related Fund or its Affiliates; provided, that, any assignment shall be a pro rata assignment of such Assignor Lender’s Revolving Loan Commitment, Subfacility Letter of Credit Commitment and Standby Letter of Credit Commitment.

 (b) Each Obligor and Agent shall be entitled to continue to deal solely and directly with a Lender in
connection with the interests so assigned and delegated to an Assignee Lender until: 
 (i) notice of such
assignment and delegation, together with (A) payment instructions, (B) the Internal Revenue Service forms or other statements contemplated or required to be delivered pursuant to Section 4.6 hereof, if applicable, and
(C) addresses and related information with respect to such Assignee Lender, shall have been delivered to Winn-Dixie and Agent by such Assignor Lender and such Assignee Lender; 

(ii) such Assignee Lender shall have executed and delivered to the Administrative Borrower and Agent a Lender Assignment
Agreement, accepted by Agent; and 
 (iii) the processing fees described below shall have been paid. 

  
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 (c) From and after the date that Agent accepts such Lender Assignment
Agreement and such assignment is registered in the Register pursuant to Section 2.7(b) hereof, (i) the Assignee Lender thereunder shall be deemed automatically to have become a party hereto and to the extent that rights and obligations
hereunder have been assigned and delegated to such Assignee Lender in connection with such Lender Assignment Agreement, shall have the rights and obligations of a Lender under the Loan Documents, and (ii) the Assignor Lender, to the extent that
rights and obligations hereunder have been assigned and delegated by it in connection with such Lender Assignment Agreement, shall be released from its obligations hereunder and under the other Loan Documents. Accrued interest on the assigned Loans
and Commitments, and accrued fees, shall be paid as provided in the Lender Assignment Agreement. Accrued interest on the retained Loans and Commitments shall be paid to the Assignor Lender. Accrued interest and accrued fees shall be paid at the same
time or times provided in this Agreement. Such Assignor Lender or such Assignee Lender must also pay a processing fee in the amount of $3,500 to Agent upon delivery of any Lender Assignment Agreement; provided that no such processing fee shall be
required in connection with any such assignment and delegation (A) by a Lender to its Affiliate or to a Related Fund, (B) by a Lender to a Federal Reserve Bank (or, if such Lender is an investment fund, to the trustee under the indenture
to which such fund is a party in support of its obligations to such trustee) or (C) if the non-payment of the processing fee is otherwise consented to in writing by Agent. 

(d) Notwithstanding any other term of this Section, the agreement of Wells Fargo Bank to provide the Swing Line Loan
Commitment shall not impair or otherwise restrict in any manner the ability of Wells Fargo Bank to make any assignment of its Loans or Commitments, it being understood and agreed that Wells Fargo Bank may terminate its Swing Line Loan Commitment,
either in whole or in part, in connection with the making of any assignment. Any attempted assignment and delegation not made in accordance with this Section shall be null and void. 

(e) Notwithstanding anything to the contrary set forth above, any Lender may (without requesting the consent of any
Borrower or Agent) pledge its Loans (i) to a Federal Reserve Bank in support of borrowings made by such Lender from such Federal Reserve Bank, or (ii) in the case of any Lender which is a fund that invests in loans, to any trustee or any
other representative of holders of obligations owed or securities issued by such Lender as security for such obligations or securities; provided that no such pledge or assignment shall (A) release any Lender from any of its obligations
hereunder or (B) substitute any such pledgee or assignee for such Lender as a party hereto. 
 (f) In the
event that at any time after the date that any Person becomes a Lender, such Lender would no longer qualify as an Eligible Assignee, then Winn-Dixie, the Swing Line Lender and each Issuer shall each have the right, but not the obligation, upon
notice to such Lender and Agent, to replace such Lender with a financial institution (a “Substitute Lender”) acceptable to Winn-Dixie and Agent (such consents not to be unreasonably withheld or delayed; provided that no such consent shall
be required if the Substitute Lender is an existing Lender), and thereafter each such Lender hereby agrees to transfer and assign (in accordance with Section 10.11.1 hereof) all of its Commitments and other rights and obligations under the Loan
Documents (including Reimbursement Obligations) to such Substitute Lender; provided, however, that (i) such assignment shall be without recourse, representation or warranty (other than that such Lender owns the Commitments and Loans being
assigned, free and clear of any Liens) and (ii) the purchase price paid by the Substitute Lender shall be in the amount of such Lender’s Loans and its Percentage of outstanding Reimbursement Obligations, together with all accrued and
unpaid interest and fees in respect thereof, plus all other amounts (other than the amounts (if any) demanded and unreimbursed under Sections 4.2, 4.3, 4.5 and 4.6 hereof, which shall be paid by Borrowers), owing to such Lender hereunder. Upon any
such termination or assignment, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of any provisions of this Agreement which by their terms survive the termination of this Agreement. 

  
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 SECTION 10.11.2 Participations. Any Lender may, without the consent
of or notice to any Borrower or Agent, sell to one or more commercial banks or other Persons (other than any Borrower or any Guarantor or any Affiliate of any Borrower or Guarantor, any Person to whom any Indebtedness which is in any way
subordinated in right of payment to any other Indebtedness of any Borrower or Guarantor, except as Agent may otherwise specifically agree, and any natural persons) (each of such commercial banks and other Persons being herein called a
“Participant”) participating interests in any of the Loans, Commitments, or other interests of such Lender hereunder; provided, however, that 
 (a) no participation contemplated in this Section shall relieve such Lender from its Commitments or its other obligations under any Loan Document; 

(b) such Lender shall remain solely responsible for the performance of its Commitments and such other obligations;

 (c) each Obligor and Agent shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under each Loan Document; 
 (d) no Participant, unless such Participant is
an Affiliate of such Lender or is itself a Lender, shall be entitled to require such Lender to take or refrain from taking any action under any Loan Document, except that such Lender may agree with any Participant that such Lender will not, without
such Participant’s consent, take any actions of the type described in subsections (a)(i), (ii), (iii) or (vi) of Section 10.1 hereof with respect to Obligations participated in by such Participant; 

(e) no Borrower shall be required to pay any amount under this Agreement that is greater than the amount which it would
have been required to pay had no participating interest been sold; 
 (f) such Lender shall, as agent of
Borrowers solely for the purpose of this Section, record in book entries maintained by such Lender the name of its Participants and the amount such Participants are entitled to receive in respect of any participating interests sold pursuant to this
Section; and 
 (g) each participation permitted pursuant to this Section shall be in a minimum aggregate amount
of $5,000,000 (or, if less, the entire remaining amount of such Lender’s Loans, Subfacility Letter of Credit Outstandings, Standby Letter of Credit Outstandings and Commitments). 

  
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 Each Borrower acknowledges and agrees that each Participant, for purposes of Sections 4.3, 4.4, 4.5, 4.6,
4.8, 4.9, 7.1.1, 10.3 and 10.4 hereof, shall be considered a Lender. Each Participant shall only be indemnified for increased costs pursuant to Section 4.3, 4.5 or 4.6 hereof if and to the extent that the Lender which sold such participating
interest to such Participant concurrently is entitled to make, and does make, a claim on Borrowers for such increased costs. Any Lender that sells a participating interest in any Loan, Commitment or other interest to a Participant under this Section
shall (x) as agent for Borrowers solely for purposes of this Section 10.11.2, record in book entries maintained by such Lender, the name and amount of the participating interest of each Participant entitled to receive payments in respect
of such participating interest, and (y) indemnify and hold harmless Borrowers and Agent from and against any Taxes, penalties, interest or other costs or losses (including reasonable attorneys’ fees and expenses) incurred or payable by any
Borrower or Agent as a result of the failure of any Borrower or Agent to comply with its obligations to deduct or withhold any Taxes from any payments made pursuant to this Agreement to such Lender or Agent, as the case may be, which Taxes would not
have been incurred or payable if such Participant had been a Non-U.S. Lender that was entitled to deliver to any Borrower, Agent or such Lender, and did in fact so deliver, a duly completed and valid Form W-8BEN or W-8ECI (or applicable successor
form) entitling such Participant to receive payments under this Agreement without deduction or withholding of any United States federal taxes. 
 SECTION 10.12 Other Transactions. Nothing contained herein shall preclude Agent, any Issuer or any other Lender from engaging in any transaction, in addition to those contemplated by the Loan
Documents, with any Borrower or any of its Affiliates in which such Borrower or such Affiliate is not restricted hereby from engaging with any other Person. 
 SECTION 10.13 Certain Collateral and Other Matters; Rate Protection Agreements. Agent is authorized on behalf of the Co-Collateral Agents and all of the Lenders, without the necessity of any notice
to or further consent from the Co-Collateral Agents or Lenders, from time to time to take any action with respect to any collateral security or the Loan Documents which may be necessary to perfect and maintain perfected the security interest in and
Liens upon the collateral security granted pursuant to the Loan Documents. 
 (a) The Co-Collateral Agents and
Lenders irrevocably authorize Agent to (i) release any security interest or Lien granted to or held by Agent upon any real or personal Collateral and satisfy of record any Mortgage or Leasehold Mortgage and to terminate any Collateral Access
Agreement or Processor Letter (in which case the Co-Collateral Agents and the Lenders hereby authorize Agent to execute, and Agent agrees, if requested by Borrowers in writing and at Borrowers’ sole joint and several expense, to execute,
reasonable releases, notices or terminations (including UCC-3 termination statements and satisfaction of the Mortgages and Leasehold Mortgages, as may be applicable) in connection with this Agreement) (A) on the Termination Date;
(B) constituting real and personal property sold or to be sold or disposed of as part of or in connection with any Disposition (including any Permitted Disposition or a Permitted Sale and Leaseback Transaction) made in compliance with the terms
of this Agreement(including, without limitation, any real or personal property owned by any Subsidiary of Winn-Dixie whose Capital Securities are being sold in any such Disposition made in compliance with the terms of this Agreement);
(C) constituting Leasehold Property having a value not to exceed $1,000,000 as determined by Agent, (D) constituting property in which a Borrower or any Subsidiary of a Borrower owned no interest at the time the security interest and/or
Lien was granted or at any time thereafter; (E) constituting property leased to a Borrower or any Subsidiary of a Borrower under a lease which has expired or been terminated in a transaction permitted under this Agreement or is about to expire
and which has not been, and is not intended by such Borrower or such Subsidiary to be, renewed or extended; (F) consisting of an instrument evidencing Indebtedness or other debt instrument, if the Indebtedness evidenced thereby has been paid in
full; or (G) if approved, authorized or ratified in writing by the Required Lenders or, if required by Section 10.1(a) hereof, each Lender or the Required Supermajority Lenders, as applicable, (ii) release any Lien on any Collateral
that is or is to be subject to a Lien permitted pursuant to Sections 7.2.3(c) or (d) hereof (in each case, a “Designated Lien”) or, to the extent a subordinate Lien in favor of Agent on such Collateral shall be expressly permitted by
the terms of such Designated Lien, then in Agent’s discretion, to subordinate the Lien of Agent in favor of the holder of any such Lien so permitted and (iii) to release any Guarantor from its obligations under the Guarantee Agreement if
such Guarantor ceases to be a Subsidiary of Winn-Dixie as a result of a transaction permitted by this Agreement. Upon request by Agent at any time, each Co-Collateral Agent and Lender will confirm in writing Agent’s authority to take any of the
actions specified in this Section 10.13(a). 

  
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 (b) Agent shall have no obligation whatsoever to any Co-Collateral Agent ,
any Lender or any other Person to investigate, confirm or assure that the Collateral exists or is owned by any Borrower or Guarantor or is cared for, protected or insured or has been encumbered, or that any particular items of Collateral meet the
eligibility criteria applicable in respect of the Loans or Letters of Credit hereunder, or whether any particular reserves are appropriate, or that the liens and security interests granted to Agent pursuant hereto or any of the Loan Documents or
otherwise have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to
continue exercising, any of the rights, authorities and powers granted or available to Agent in this Agreement or in any of the other Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event
related thereto, Agent may act in any manner it may deem appropriate, in its discretion, given Agent’s own interest in the Collateral as a Lender and that Agent shall have no duty or liability whatsoever to any other Lender or any Co-Collateral
Agent. 
 (c) Each Lender which enters into arrangements with a Borrower in respect of Rate Protection Agreements
hereby agrees to supply Agent in writing on each Payment Date with the amount of any termination obligations of such Borrower thereunder and any net payments owing by such Borrower thereunder. 

  
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 SECTION 10.14 Forum Selection and Consent to Jurisdiction. BORROWERS, AGENT,
CO-COLLATERAL AGENTS AND LENDERS IRREVOCABLY CONSENT AND SUBMIT TO THE NON EXCLUSIVE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK IN NEW YORK COUNTY, NEW YORK AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
WITH RESPECT TO ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, ANY LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF AGENT, CO-COLLATERAL AGENTS, THE
LENDERS, ANY ISSUER OR ANY BORROWER IN CONNECTION HEREWITH OR THEREWITH IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE; PROVIDED, HOWEVER, THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY
COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH BORROWER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE
PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK AT THE ADDRESS FOR NOTICES SPECIFIED IN SECTION 10.2 HEREOF. EACH BORROWER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH
IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT ANY BORROWER HAS OR
HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH
BORROWER HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS. 
 SECTION 10.15 Waiver of Jury Trial. AGENT, EACH CO-COLLATERAL AGENT, EACH LENDER, EACH ISSUER AND EACH BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE TO THE FULLEST EXTENT PERMITTED
BY LAW ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, EACH LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR
ACTIONS OF AGENT, SUCH CO-COLLATERAL AGENT, SUCH LENDER, SUCH ISSUER OR ANY BORROWER IN CONNECTION THEREWITH. EACH BORROWER ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION
OF EACH OTHER LOAN DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR AGENT, EACH CO-COLLATERAL AGENT, EACH LENDER AND EACH ISSUER ENTERING INTO THE LOAN DOCUMENTS. EACH BORROWER HEREBY IRREVOCABLY APPOINTS CT
CORPORATION SYSTEMS (THE “PROCESS AGENT”), WITH AN OFFICE ON THE DATE HEREOF AT 1633 BROADWAY, NEW YORK, NEW YORK 10019, UNITED STATES, AS ITS AGENT TO RECEIVE, ON SUCH BORROWER’S BEHALF AND ON BEHALF OF SUCH BORROWER PROPERTY,
SERVICE OF COPIES OF THE SUMMONS AND COMPLAINT AND ANY OTHER PROCESS WHICH MAY BE SERVED IN ANY SUCH ACTION OR PROCEEDING. SUCH SERVICE MAY BE MADE BY MAILING OR DELIVERING A COPY OF SUCH PROCESS TO EACH BORROWER IN CARE OF THE PROCESS AGENT AT THE
PROCESS AGENT’S ABOVE ADDRESS, AND EACH BORROWER HEREBY IRREVOCABLY AUTHORIZES AND DIRECTS THE PROCESS AGENT TO ACCEPT SUCH SERVICE ON ITS BEHALF. AS AN ALTERNATIVE METHOD OF SERVICE, EACH BORROWER FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF
PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK. 

  
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 SECTION 10.16 Effect of this Agreement. Any reference in any other Loan Document to
the “Credit Agreement,” “thereunder,” “therein,” “thereof” or words of like import referring to this Agreement shall mean and refer to this Agreement. Any reference in any other Loan Document to the
“Obligations” or any similar term including or referencing obligations under this Agreement shall include and reference the Obligations as defined in this Agreement. In the event of a conflict between the terms and provisions of this
Agreement and the terms and provisions of any other Loan Document, the terms and provisions of this Agreement shall govern. 

SECTION 10.17 Appointment of the Administrative Borrower as Agent for Requesting Loans and Receipts of Loans and Statements.

 (a) Each Borrower hereby irrevocably appoints and constitutes the Administrative Borrower as its agent to
request and receive Loans and Letters of Credit pursuant to this Agreement and the other Loan Documents from Agent or any Lender in the name or on behalf of such Borrower. Agent and Lenders may disburse the Loans to such bank account of the
Administrative Borrower or a Borrower or otherwise make such Loans to a Borrower and provide such Letters of Credit to a Borrower as the Administrative Borrower may designate or direct, without notice to any other Borrower or Obligor.
Notwithstanding anything to the contrary contained herein, Agent may at any time and from time to time require that Loans to or for the account of any Borrower be disbursed directly to an operating account of such Borrower. 

(b) The Administrative Borrower hereby accepts the appointment by the other Borrowers to act as the agent of Borrowers
pursuant to this Section 10.17. The Administrative Borrower shall ensure that the disbursement of any Loans to each Borrower requested by or paid to or for the account of, or the issuance of any Letters of Credit for a Borrower or Guarantor
hereunder, shall be paid to or for the account of such Borrower or Guarantor. 
 (c) Each Borrower and other
Guarantor hereby irrevocably appoints and constitutes the Administrative Borrower as its agent to receive statements on account and all other notices from Agent and Lenders with respect to the Obligations or otherwise under or in connection with
this Agreement and the other Loan Documents. 

  
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 (d) Any notice, election, representation, warranty, agreement or undertaking
by or on behalf of any other Borrower or any Guarantor by the Administrative Borrower shall be deemed for all purposes to have been made by such Borrower or Guarantor, as the case may be, and shall be binding upon and enforceable against such
Borrower or Guarantor to the same extent as if made directly by such Borrower or Guarantor. 
 (e) No purported
termination of the appointment of the Administrative Borrower as agent as aforesaid shall be effective, except after ten (10) days’ prior written notice to Agent. 
 SECTION 10.18 Waiver of Counterclaims, etc. Each Borrower and Guarantor waives (a) all rights to interpose any claims, deductions, setoffs or counterclaims of any nature (other than compulsory
counterclaims) in any action or proceeding with respect to this Agreement, the Obligations, the Collateral or any matter arising therefrom or relating hereto or thereto and (b) any rights to punitive or consequential damages. 

SECTION 10.19 Patriot Act Notice, etc. Each Lender and Agent (for itself and not on behalf of any other party) hereby notifies
Borrowers that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Borrower, which information includes the names and addresses and other information that will allow such
Lender or Agent, as applicable, to identify each Borrower in accordance with the Patriot Act. Borrowers will, and will cause each of their Subsidiaries to, provide, to the extent commercially reasonable or required by applicable law or regulation,
such information and take such actions as are reasonably requested by Agent or any Lenders in order to assist Agent and the Lenders in maintaining compliance with the Patriot Act. 

SECTION 10.20 Additional Loans. Agent and the Issuer shall not make any Loans or issue any Letters of Credit on behalf of the
Lenders intentionally and with actual knowledge that such Loans or Letters of Credit would cause the aggregate outstanding principal amount of the Loans and Total Letter of Credit Outstandings to exceed the Borrowing Base or the aggregate
outstanding principal amount of the Revolving Loans and Total Letter of Credit Outstandings to exceed the Borrowing Base, in each case except as set forth in Section 10.1 hereof, except that, Agent may make such additional Revolving Loans or
the Issuer may issue such additional Letters of Credit on behalf of Lenders, intentionally and with actual knowledge that such Revolving Loans or Letters of Credit will cause the aggregate outstanding principal amount of the Loans and Total Letter
of Credit Outstandings to exceed the Borrowing Base, as Agent may deem necessary or advisable in its discretion, provided, that: (a) the total principal amount of the additional Revolving Loans or additional Letters of Credit
which Agent or the Issuer may make or provide after obtaining such actual knowledge that the aggregate outstanding principal amount of the Loans and Total Letter of Credit Outstandings equal or exceed the Borrowing Base, plus the amount of Special
Agent Advances made pursuant to Section 2.1.1 hereof then outstanding, shall not exceed the aggregate amount equal to five (5%) percent of the Borrowing Base and shall not cause the aggregate outstanding principal amount of the Loans and
Total Letter of Credit Outstandings to exceed the Maximum Credit, (b) the aggregate outstanding principal amount of the Revolving Loans made and Subfacility Letters of Credit issued in reliance upon this Section 10.20 may make or provide
plus the aggregate principal amount of Revolving Loans, Swing Line Loans and Subfacility Letter of Credit Outstandings outstanding with respect to all Borrowers at any time shall not exceed the Maximum Credit and (c) no such additional
Revolving Loan or Letter of Credit shall be outstanding more than ninety (90) days after the date such additional Revolving Loan or Letter of Credit is made or issued (as the case may be), except as the Required Lenders may otherwise agree.
Each Revolving Loan Lender shall be obligated to pay Agent the amount of its Percentage of any such additional Revolving Loans or Letters of Credit. 

  
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 SECTION 10.21 Confidentiality. 

(a) Agent, each Lender and Issuer shall use all reasonable efforts to keep confidential, in accordance with its customary
procedures for handling confidential information and safe and sound lending practices, any non-public information supplied to it by any Borrower or Guarantor pursuant to this Agreement which is clearly and conspicuously marked or identified as
confidential at the time such information is furnished by such Borrower or Guarantor to Agent, such Lender or Issuer, provided, that, nothing contained herein shall limit the disclosure of any such information: (i) to the extent
required by statute, rule, regulation, subpoena or court order, (ii) to bank examiners and other regulators, auditors and/or accountants in connection with any litigation to which Agent, such Lender or Issuer is a party, (iii) to any
Lender or Participant (or prospective Lender or Participant), Issuer or other Secured Party or to any Affiliate of any Lender so long as such Lender, Participant (or prospective Lender or Participant), Issuer, other Secured Party or Affiliate shall
have been instructed to treat such information as confidential in accordance with this Section 10.21, or (iv) to counsel, agents, or other advisors for Agent, any Lender, Participant (or prospective Lender or Participant), Issuer or other
Secured Party, in each case to the extent such disclosure is made to such counsel, agents or other advisors in the course of their representation or other advisory activities for such Persons in connection with the transactions contemplated by this
Agreement and the other Loan Documents. 
 (b) In the event that Agent, any Lender or Issuer receives a request
or demand to disclose any confidential information pursuant to any subpoena or court order, Agent or such Lender or Issuer, as the case may be, agrees (i) to the extent permitted by applicable law or if permitted by applicable law, to the
extent Agent or such Lender or Issuer determines in good faith that it will not create any risk of liability to Agent or such Lender or Issuer, Agent or such Lender or Issuer will promptly notify Administrative Borrower of such request so that
Administrative Borrower may seek a protective order or other appropriate relief or remedy and (ii) if disclosure of such information is required, disclose such information and, subject to reimbursement by Borrowers of Agent’s or such
Lender’s or Issuer’s expenses, cooperate with Administrative Borrower in the reasonable efforts to obtain an order or other reliable assurance that confidential treatment will be accorded to such portion of the disclosed information which
Administrative Borrower so designates, to the extent permitted by applicable law or if permitted by applicable law, to the extent Agent or such Lender or Issuer determines in good faith that it will not create any risk of liability to Agent or such
Lender or Issuer. 

  
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 (c) In no event shall this Section 10.21 or any other provision of this
Agreement, any of the other Loan Documents or applicable law be deemed: (i) to apply to or restrict disclosure of information that has been or is made public by any Borrower, Guarantor or any third party or otherwise becomes generally available
to the public other than as a result of a disclosure in violation hereof, (ii) to apply to or restrict disclosure of information that was or becomes available to Agent, any Lender (or any Affiliate of any Lender) or Issuer on a non-confidential
basis from a person other than a Borrower or Guarantor, (iii) to require Agent, any Lender or Issuer to return any materials furnished by a Borrower or Guarantor to Agent, a Lender or Issuer or prevent Agent, a Lender or Issuer from responding
to routine informational requests in accordance with the Code of Ethics for the Exchange of Credit Information promulgated by The Robert Morris Associates or other applicable industry standards relating to the exchange of credit information. The
obligations of Agent, Lenders and Issuer under this Section 10.21 shall supersede and replace the obligations of Agent, Lenders and Issuer under any confidentiality letter signed prior to the date hereof or any other arrangements concerning the
confidentiality of information provided by any Borrower or Guarantor to Agent or any Lender. In addition, Agent and Lenders may disclose information relating to the this Agreement and the transactions hereunder to Gold Sheets and other similar bank
trade publications, with such information to consist of deal terms and other information customarily found in such publications. 

ARTICLE XI 

ACKNOWLEDGMENT AND RESTATEMENT 
 SECTION 11.1 Existing Obligations. Borrowers hereby acknowledge, confirm and agree that, as of the close of business on March 17, 2011, Borrowers are indebted to the Existing Lenders for Loans
under the Existing Loan Documents in the aggregate principal amount of $0 and the aggregate amount of $145,479,417.36 in respect of Letter of Credit Outstandings under the Existing Loan Documents, together with all interest accrued and accruing
thereon (to the extent applicable), and all fees, costs, expenses and other charges relating thereto, all of which are unconditionally owing by Borrowers to Agent and the Existing Lenders, without offset, defense or counterclaim of any kind, nature
or description whatsoever. Each Borrower hereby expressly assumes, confirms and ratifies its assumption of the Obligations (as defined in the Existing Credit Agreement) of Borrowers to Agent and Existing Lenders hereunder and Borrowers shall
continue to be and shall be directly and primarily liable in all respects for all of the Obligations (as defined in the Existing Credit Agreement) of Borrowers to Agent and Existing Lenders, and such Obligations, as amended or modified by the Loan
Documents, are unconditionally owing to Agent and Lenders, without offset, defense or counterclaim of any kind, nature or description whatsoever. 
 SECTION 11.2 Acknowledgment of Security Interests. 
 (a)
Borrowers hereby acknowledge, confirm and agree that Agent for the benefit of Secured Parties has and shall continue to have a security interest in and lien upon the Collateral heretofore granted to Agent for the benefit of Secured Parties pursuant
to the Existing Loan Documents to secure the Obligations, as well as any Collateral granted under this Agreement or under any of the other Loan Documents or otherwise granted to or held by Agent or the Secured Parties. 

(b) The liens and security interests of Agent in the Collateral shall be deemed to be continuously granted and perfected
from the earliest date of the granting and perfection of such liens and security interests to Agent and the Secured Parties, whether under the Existing Loan Documents, this Agreement or any of the other Loan Documents. 

  
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 SECTION 11.3 Existing Loan Documents. Borrowers hereby acknowledge, confirm and agree
that: (a) the Existing Loan Documents have been duly executed and delivered by each Existing Borrower, (b) and as of the moment immediately prior to the effectiveness of this Agreement, the Existing Loan Documents were in full force and
effect, and (c) as of the moment immediately prior to the effectiveness of this Agreement: (i) the agreements and obligations of Borrowers contained in the Existing Loan Documents constitute the legal, valid and binding obligations of
Borrowers enforceable against Borrowers in accordance with their respective terms, (ii) Borrowers have no valid defense to the enforcement of such obligations, and (iii) Agent and Lenders are entitled to all of the rights and remedies
provided for in the Existing Loan Documents. The acknowledgements contained herein shall not be construed to limit or affect any of the terms of any other agreements of Borrowers with, to or in favor of Agent or any of the other Secured Parties.

 SECTION 11.4 Restatement. 
 (a) Except as otherwise stated in Section 11.3 hereof and this Section 11.4, as of the date hereof, the terms, conditions, agreements, covenants, representations and warranties set forth in the
Existing Loan Documents are hereby amended and restated in their entirety, and as so amended and restated, replaced and superseded, by the terms, conditions, agreements, covenants, representations and warranties set forth in this Agreement and the
other Loan Documents, except that nothing herein or in the other Loan Documents shall impair or adversely affect the continuation of the liability of Borrowers for the Obligations (as defined in the Existing Credit Agreement) and the security
interests, liens and other interests in the Collateral heretofore granted, pledged and/or assigned by Borrowers to Agent prior to the date hereof. The amendment and restatement contained herein shall not, in any manner, be construed to constitute
payment of, or impair, limit, cancel or extinguish, or constitute a novation in respect of, the Indebtedness and other obligations and liabilities of Borrowers evidenced by or arising under the Existing Loan Documents, and the liens and security
interests of Agent securing such Indebtedness and other obligations and liabilities, which shall not in any manner be impaired, limited, terminated, waived or released, but shall continue in full force and effect in favor of Agent for the benefit of
the Lenders. 
 (b) The principal amount of the Letter of Credit Outstandings as of the date hereof under the
Existing Loan Documents shall be allocated to the Letter of Credit Outstandings hereunder in such manner and in such amounts as Agent shall determine consistent with the terms hereof. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized as of the day and year first above written. 
  

													
	 BORROWERS:
	 		 	 WINN-DIXIE STORES, INC.,
 as the Administrative Borrower and a Borrower

					
		 		 		 	By:	 	 
		 		 		 	Name: Bennett Nussbaum
		 		 		 	Title: Senior Vice President and Chief Financial Officer
		 		 		 		 		 		 	
		 		 		 	Address:	 	5050 Edgewood Court
		 		 		 		 		 		 	Jacksonville, Florida 32254-3699
		 		 		 	Attention:	 	Bennett L. Nussbaum
		 		 		 	Facsimile No.:	 	(904) 783-5059
		 		 		 	Attention:	 	Timothy L. Williams
		 		 		 	Facsimile No.:	 	(904) 783-5525
			
		 		 	WINN-DIXIE SUPERMARKETS, INC.
		 		 	WINN-DIXIE PROCUREMENT, INC.
		 		 	WINN-DIXIE RALEIGH, INC.,
		 		 	each as a Borrower
					
		 		 		 	By:	 	 
		 		 		 	Name: Bennett Nussbaum
		 		 		 	Title: Vice President
		 		 		 		 		 		 	
		 		 		 	Address:	 	5050 Edgewood Court
		 		 		 		 		 		 	Jacksonville, Florida 32254-3699
		 		 		 	Attention:	 	Bennett L. Nussbaum
		 		 		 	Facsimile No.:	 	(904) 783-5059
		 		 		 	Attention:	 	Timothy L. Williams
		 		 		 	Facsimile No.:	 	(904) 783-5525
			
		 		 	WINN-DIXIE MONTGOMERY, LLC, as a Borrower
		 		 	By:	 	Winn-Dixie Stores, Inc.
		 		 		 	Its Sole Member
		 		 	
					
		 		 		 	By:	 	 
		 		 		 	Name: Bennett Nussbaum
		 		 		 	Title: Senior Vice President and Chief Financial Officer
		 		 		 		 		 		 	
		 		 		 	Address:	 	5050 Edgewood Court
		 		 		 		 		 		 	Jacksonville, Florida 32254-3699
		 		 		 	Attention:	 	Bennett L. Nussbaum
		 		 		 	Facsimile No.:	 	(904) 783-5059
		 		 		 	Attention:	 	Timothy L. Williams
		 		 		 	Facsimile No.:	 	(904) 783-5525

													
		 		 	WINN-DIXIE PROPERTIES, LLC, as a Borrower
					
		 		 		 	By:	 	 
		 		 		 	Name: Bennett Nussbaum
		 		 		 	Title: Vice President
		 		 		 		 		 		 	
		 		 		 	Address:	 	5050 Edgewood Court
		 		 		 		 		 		 	Jacksonville, Florida 32254-3699
		 		 		 	Attention:	 	Bennett L. Nussbaum
		 		 		 	Facsimile No.:	 	(904) 783-5059
		 		 		 	Attention:	 	Timothy L. Williams
		 		 		 	Facsimile No.:	 	(904) 783-5525

  
 2 

 AGENTS AND LENDERS: 
  

													
		 		 	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as Administrative Agent,
 Co-Collateral Agent and a Lender

					
		 		 		 	By:	 	 
		 		 		 	Name: Brent E. Shay
		 		 		 	Title: Director
		 		 		 		 		 		 	
		 		 		 	Address:	 	One Boston Place, 18th Floor
		 		 		 		 		 		 	Boston, Massachusetts 02108
		 		 		 	Facsimile No.:	 	(866) 328-8544
		 		 		 	Attention:	 	Portfolio Manager - Winn-Dixie

  
 3 

 
			
	 WELLS FARGO CAPITAL FINANCE,
 LLC, as Joint Lead Arranger and Joint Book Runner

		
	By:	 	 
	Name:	 	Brent E. Shay
	Title:	 	Director

  
 4 

 
			
	GENERAL ELECTRIC CAPITAL
CORPORATION, as Co-Collateral Agent,
Syndication Agent and a Lender
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 5 

 
			
	GE CAPITAL MARKETS, INC., as Joint
Lead Arranger and Joint Bookrunner
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 6 

 
			
	US BANK NATIONAL ASSOCIATION,
as Co-Documentation Agent and a Lender
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 7 

 
			
	TD BANK, N.A., as a Lender
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 8 

 
			
	CIT BANK, as a Lender
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 9 

 
			
	UBS LOAN FINANCE LLC, as a Lender
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 10 

 
			
	UBS SECURITIES LLC, as Co-Documentation
Agent, Joint Leader Arranger and Joint Bookrunner
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 11 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
as a Lender
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 12 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 13 

 
			
	 ISRAEL DISCOUNT BANK OF NEW YORK,
 as a Lender

		
	By:	 	 
	Name:	 	
	Title:	 	
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 14 

 
			
	 RB INTERNATIONAL FINANCE (USA) LLC, as
 a Lender

		
	By:	 	 
	Name:	 	
	Title:	 	
		
	By:	 	 
	Name:	 	
	Title:	 	

 SCHEDULE I 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

DISCLOSURE SCHEDULE 
  

			
	 ITEM 5.1.15(a)
	  	Specified Leasehold Property
	 ITEM 6.6
	  	Material Adverse Changes
	 ITEM 6.7
	  	Litigation
	 ITEM 6.8(a)
	  	Existing U.S. Subsidiaries
	 ITEM 6.8(b)
	  	Material Subsidiaries
	 ITEM 6.9
	  	Real Property
	 ITEM 6.10
	  	Taxes
	 ITEM 6.11
	  	Employee Benefit Plans
	 ITEM 6.12
	  	Environmental Matters
	 ITEM 6.17
	  	Compliance with Laws
	 ITEM 6.20
	  	Intellectual Property
	 ITEM 6.22
	  	Material Contracts
	 ITEM 6.24(b)
	  	Majority Banks
	 ITEM 6.24(c)
	  	Securities Accounts
	 ITEM 6.26
	  	Collective Bargaining Agreements
	 ITEM 6.27
	  	Distribution Centers
	 ITEM 6.28
	  	Debit and Credit Card Processing Arrangements
	 ITEM 7.2.2(a)
	  	Part I: Existing Letters of Credit deemed to be issued as Subfacility Letters of Credit
		  	Part II: Existing Letters of Credit deemed to be issued as Standby Letters of Credit
	 ITEM 7.2.2(b)
	  	Permitted Indebtedness
	 ITEM 7.2.3(b)
	  	Permitted Liens
	 ITEM 7.2.5(a)
	  	Permitted Investments
	 ITEM 7.2.11(b)(i)
	  	Dispositions of Certain Non-Borrowing Base Assets

 SCHEDULE II 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

COMMITMENTS 
  

					
	 Lender
	  	Commitment	 
	 Wells Fargo Bank, National Association
	  	$	170,000,000	  
	 General Electric Capital Corporation
	  	$	135,000,000	  
	 UBS Loan Finance LLC
	  	$	70,000,000	  
	 CIT Bank
	  	$	45,000,000	  
	 US Bank National Association
	  	$	45,000,000	  
	 TD Bank, N.A.
	  	$	45,000,000	  
	 PNC Bank, National Association
	  	$	30,000,000	  
	 SunTrust Bank
	  	$	30,000,000	  
	 Israel Discount Bank of New York
	  	$	15,000,000	  
	 RB International Finance (USA) LLC
	  	$	15,000,000	  
		  	 	 	 
	 TOTAL:
	  	$	600,000,000	  
		  	 	 	 

 SCHEDULE III 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

CAPITALIZATION AND OWNERSHIP 

Equityholders of record holding 10% or more of the outstanding Capital Securities of Winn-Dixie: 

 

					
	 Shareholder
	  	 Number of Shares for Which

Shareholder Reported
 Beneficial Ownership
	  	 Reference Date

	 FMR LLC
	  	6,269,581	  	As of December 31, 2010

 The information
provided above is based on the Schedule 13G/As filed by the shareholder with the Securities and Exchange Commission. 
 Winn-Dixie has
authorized and issued 55,925,526 shares of common stock as of March 11, 2011. 

 SCHEDULE IV 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

FISCAL QUARTERS AND FISCAL YEARS OF 
 WINN-DIXIE STORES, INC. AND ITS SUBSIDIARIES 
 Fiscal Quarters 

 

																									
	 1st Quarter
	  	 	9/22/2010	  	  	 	9/21/2011	  	  	 	9/19/2012	  	  	 	9/18/2013	  	  	 	9/17/2014	  	  	 	9/16/2015	  
	 2nd Quarter
	  	 	1/12/2011	  	  	 	1/11/2012	  	  	 	1/09/2013	  	  	 	1/08/2014	  	  	 	1/07/2015	  	  	 	1/6/2016	  
	 3rd Quarter
	  	 	4/06/2011	  	  	 	4/04/2012	  	  	 	4/03/2013	  	  	 	4/02/2014	  	  	 	4/01/2015	  	  			
	 4th Quarter
	  	 	6/29/2011	  	  	 	6/27/2012	  	  	 	6/26/2013	  	  	 	6/25/2014	  	  	 	6/24/2015	  	  			

 Fiscal Years 
  

																													
	 Fiscal Year End
	  	 	6/30/2010	  	  	 	6/29/2011	  	  	 	6/27/2012	  	  	 	6/26/2013	  	  	 	6/25/2014	  	  	 	6/24/2015	  	  	 	6/29/2016	  

 EXHIBIT A 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Form of Borrowing Request 

Wells Fargo Bank, National Association, as Agent 

One Boston Place, 18th Floor 
 Boston,
Massachusetts 02108 
 Attention: Portfolio Manager - Winn-Dixie 

 

	Re:	Winn-Dixie Stores, Inc., et al. 

 Ladies
and Gentlemen: 
 This Borrowing Request is delivered to you pursuant to Section 2.3.1 of the Second Amended and Restated
Credit Agreement, dated March 18, 2011 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Winn-Dixie Stores, Inc., a Florida corporation (“Winn-Dixie”),
certain subsidiaries of Winn-Dixie listed on the signature pages thereto (together with Winn-Dixie, each a “Borrower” and, collectively, “Borrowers”), the various financial institutions and other Persons from time to time parties
thereto (collectively, “Lenders”), and Wells Fargo Bank, National Association, as administrative agent and collateral agent (in such capacities, “Agent”) for Lenders. Unless otherwise defined herein or the context otherwise
requires, capitalized terms used herein have the meanings provided in the Credit Agreement. 
 Winn-Dixie, in its capacity as
Administrative Borrower, hereby requests that a Revolving Loan be made in the aggregate principal amount of
$                         on
                         , 201  , as a [LIBO Rate Loan having an Interest Period of [one] [two]
[three] [six] month(s)] [Base Rate Loan], for the account of                     [Name of applicable Borrower]. 

Administrative Borrower hereby acknowledges, on behalf of all Borrowers, that, pursuant to Section 5.2.2 of the Credit Agreement,
each of the delivery of this Borrowing Request and the acceptance by the applicable Borrower of the proceeds of the Credit Extension requested hereby constitute a representation and warranty by each Borrower that, on the date of such Credit
Extension, and immediately before and after giving effect thereto and to the application of the proceeds therefrom, all the statements set forth in Section 5.2.1 of the Credit Agreement are true and correct in all material respects. 

Administrative Borrower agrees, on behalf of all Borrowers, that if prior to the time of the Borrowing requested hereby any matter
certified to herein by them will not be true and correct at such time as if then made, they will immediately so notify Agent. Except to the extent, if any, that prior to the time of the Borrowing requested hereby Agent shall receive written notice
to the contrary from any Borrower, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Borrowing as if then made. 

  
 A-1

 Please wire transfer the proceeds of the Borrowing to the accounts of the following persons
at the financial institutions indicated respectively. 
  

					
	 Amount to be Transferred
	  	 Person to be Paid
	  	 Name, Account No., Address, etc.

	 $
	  		  	ABA
		  		  	Acct.
		  		  	Attention:
		  		  	Ref: Winn-Dixie Stores, Inc.

 IN WITNESS
WHEREOF, the undersigned, a duly Authorized Officer of Administrative Borrower has caused this Borrowing Request to be executed and delivered, and has caused the Administrative Borrower to make the certification and warranties contained herein to be
made, by its duly Authorized Officer this                  day of
                     , 201  . 

 

			
	 WINN-DIXIE STORES, INC.,
 as Administrative Borrower

		
	By	 	 
		 	Title:

  
 A-2

 EXHIBIT B-1 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Form of Standby Letter of Credit Issuance Request 
 Wells Fargo Bank, National Association, as Agent 
 One Boston Place, 18th Floor 

Boston, Massachusetts 02108 
 Attention:
Portfolio Manager - Winn-Dixie 
 Re: Winn-Dixie Stores, Inc., et al. 
 Gentlemen and Ladies: 
 This Standby Letter of Credit Issuance Request is delivered
to you pursuant to Section 2.6 of the Second Amended and Restated Credit Agreement, dated March 18, 2011 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among
Winn-Dixie Stores, Inc., a Florida corporation (“Winn-Dixie”), certain subsidiaries of Winn-Dixie listed on the signature pages thereto (together with Winn-Dixie, each a “Borrower” and, collectively, the “Borrowers”),
the various financial institutions and other Persons from time to time parties thereto (collectively, “Lenders”), and Wells Fargo Bank, National Association, as administrative agent and collateral agent (in such capacities, the
“Agent”) for Lenders. Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided in the Credit Agreement. 

Winn-Dixie, in its capacity as the Administrative Borrower, hereby requests that on
                    , 20     (the “Date of Issuance”), Wells Fargo Bank, National Association (in such
capacity, “Issuer”) 1[issue a Standby Letter of
Credit on                     , 20     in the initial Stated Amount of
$             with a Stated Expiry Date (as defined therein) of                 ,
20    , for the account of 2
                ] [extend the Stated Expiry Date (as defined under Irrevocable Letter of Credit No.     issued on
                    , 20    , in the initial Stated Amount of
$            ) to a revised Stated Expiry Date (as defined therein) of
                        , 20    ]. 

Such requested Standby Letter of Credit is issued to support workers’ compensation obligations or bankers’ acceptances or
performance bonds, surety bonds, appeal bonds, or performance guarantees of Winn-Dixie or any Restricted Subsidiary, in the ordinary course of business consistent with past practice, and for no other purpose. 

The beneficiary of the requested Standby Letter of Credit will be 3
                    , and such Standby Letter of Credit will be in support of 4
                    . 

 

	1	 Insert as appropriate. 

	2	 Insert name of applicable Obligor. 

	3	 Insert name and address of beneficiary. 

	4	 Insert description of supported Indebtedness or other obligations and name of agreement to which it relates. 

  
 B-1-1

 Administrative Borrower hereby acknowledges, on behalf of all Borrowers, that, pursuant to
Section 5.2.2 of the Credit Agreement, each of the delivery of this Issuance Request and the [issuance] [extension] of the Standby Letter of Credit requested hereby constitutes a representation and warranty by each Borrower that on such date of
[issuance] [extension] all statements set forth in Section 5.2.1 are true and correct in all material respects. 

Administrative Borrower agrees, on behalf of all Borrowers, that if, prior to the time of the 5[issuance] [extension] of the Standby Letter of Credit requested
hereby, any matter certified to herein by them will not be true and correct at such time as if then made, they will immediately so notify Agent. Except to the extent, if any, that prior to the time of the issuance or extension requested hereby,
Agent and Issuer shall receive written notice to the contrary from any Borrower, each matter certified to herein shall be deemed to be certified at the date of such issuance or extension. 

The Administrative Borrower has caused this Issuance Request to be executed and delivered, and the certification and warranties contained
herein to be made, by its duly Authorized Officer this                          day of
                , 20    . 
  

			
	 WINN-DIXIE STORES, INC.,
 as Administrative Borrower

		
	By:	 	 
		 	Title:

  

	5	Complete as appropriate. 

  
 B-1-2

 EXHIBIT B-2 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Form of Subfacility Letter of Credit Issuance Request 
 Wells Fargo Bank, National Association, as Agent 
 One Boston Place, 18th Floor 

Boston, Massachusetts 02108 
 Attention:
Portfolio Manager - Winn-Dixie 
  

	Re:	Winn-Dixie Stores, Inc., et al. 

 Ladies
and Gentlemen: 
 This Subfacility Letter of Credit Issuance Request is delivered to you pursuant to Section 2.6 of the
Second Amended and Restated Credit Agreement, dated March 18, 2011 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Winn-Dixie Stores, Inc., a Florida corporation
(“Winn-Dixie”), certain subsidiaries of Winn-Dixie listed on the signature pages thereto (together with Winn-Dixie, each a “Borrower” and, collectively, “Borrowers”), the various financial institutions and other Persons
from time to time parties thereto (collectively, “Lenders”), and Wells Fargo Bank, National Association, as administrative agent and collateral agent (in such capacities, the “Agent”) for Lenders. Unless otherwise defined herein
or the context otherwise requires, capitalized terms used herein have the meanings provided in the Credit Agreement. 
 Winn-Dixie, in its capacity as the Administrative Borrower, hereby requests that on _____________, 20__ (the “Date of Issuance”), Wells Fargo Bank, National Association (in such capacity,
“Issuer”) 1 [issue a Subfacility Letter of
Credit on _______________, 20__ in the initial Stated Amount of $ _____________ with a Stated Expiry Date (as defined therein) of ____________, 20__, for the account of 2 ______________] [extend the Stated Expiry Date (as defined under Irrevocable Letter of Credit No.__ issued on
______________, 20__, in the initial Stated Amount of $ _____________) to a revised Stated Expiry Date (as defined therein) of ______________, 20__]. 
 The beneficiary of the requested Subfacility Letter of Credit will be
3 _________, and such Subfacility Letter of Credit will be
in support of 4 _______________. Administrative Borrower
hereby acknowledges, on behalf of all Borrowers, that, pursuant to Section 5.2.2 of the Credit Agreement, each of the delivery of this Issuance Request and the [issuance] [extension] of the Subfacility Letter of Credit requested hereby
constitutes a representation and warranty by each Borrower that on such date of [issuance] [extension] all statements set forth in Section 5.2.1 are true and correct in all material respects. 

 

	1	 Insert as appropriate. 

	2	 Insert name of applicable Obligor. 

	3	 Insert name and address of beneficiary. 

	4	 Insert description of supported Indebtedness or other obligations and name of agreement to which it relates. 

  
 B-2-1

 Administrative Borrower agrees, on behalf of all Borrowers, that if, prior to the time of
the 5[issuance] [extension] of the Subfacility Letter of
Credit requested hereby, any matter certified to herein by them will not be true and correct at such time as if then made, they will immediately so notify Agent. Except to the extent, if any, that prior to the time of the issuance or extension
requested hereby, Agent and Issuer shall receive written notice to the contrary from any Borrower, each matter certified to herein shall be deemed to be certified at the date of such issuance or extension. 

Administrative Borrower has caused this Issuance Request to be executed and delivered, and the certification and warranties contained
herein to be made, by its duly Authorized Officer this _______________ day of _____________, 20__. 
  

			
	 WINN-DIXIE STORES, INC.,
 as Administrative Borrower

		
	By:	 	 
		 	Title:

  

	5	Complete as appropriate. 

  
 B-2-2

 EXHIBIT C 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Form of Continuation/Conversion Notice 
 Wells Fargo Bank, National Association, as Agent 
 One Boston Place, 18th Floor 

Boston, Massachusetts 02108 
 Attention:
Portfolio Manager - Winn-Dixie 
  

	Re:	Winn-Dixie Stores, Inc., et al. 

 Ladies
and Gentlemen: 
 This Continuation/Conversion Notice is delivered to you pursuant to Section 2.4 of the Second Amended and
Restated Credit Agreement, dated March 18, 2011 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Winn-Dixie Stores, Inc., a Florida corporation
(“Winn-Dixie”), certain subsidiaries of Winn-Dixie listed on the signature pages thereto (together with Winn-Dixie, each a “Borrower” and, collectively, “Borrowers”), the various financial institutions and other Persons
from time to time parties thereto (collectively, “Lenders”), and Wells Fargo Bank, National Association, as administrative agent and collateral agent (in such capacities, the “Agent”) for Lenders. Unless otherwise defined herein
or the context otherwise requires, capitalized terms used herein have the meanings provided in the Credit Agreement. 
 Winn-Dixie, in its capacity as Administrative Borrower, on behalf of
1         
           , hereby requests that on                     ,
20    , 
 1.
$                     of the currently outstanding principal amount of the Revolving Loans originally made on
                    , 20     

2. and all Revolving Loans currently being maintained as 2[Base Rate Loans] [LIBO Rate Loans], 
 3. be [converted into] [continued as], 
 4. 3[LIBO Rate Loans having an Interest Period of [one] [two] [three] or
[six] month(s)] [Base Rate Loans]. 
  

	1	 Insert name of applicable Borrower. 

	2	 Insert appropriate interest rate option. 

	3	 The number of months to be inserted with respect to Interest Periods for LIBO Rate Loans. 

  
 C-1

 The Administrative Borrower, on behalf of all of the Borrowers, hereby: 

(a) certifies and warrants that no Default has occurred and is continuing or will (immediately after giving effect to the continuation or
conversion requested hereby) occur and be continuing; and 
 (b) agrees that if prior to the time of such continuation or
conversion any matter certified to herein by it will not be true and correct at such time as if then made, they will immediately so notify Agent. 
 Except to the extent, if any, that prior to the time of the continuation or conversion requested hereby Agent shall receive written notice to the contrary from any Borrower, each matter certified to
herein shall be deemed to be certified at the date of such continuation or conversion as if then made. 
 4[The Administrative Borrower agrees, on behalf of all of the
Borrowers, to remit to Agent for the benefit of the Lenders, on the date of such conversion, an interest payment in the amount of
$                     pursuant to Section 3.2.3(e) of the Credit Agreement.] 

The Administrative Borrower has caused this Continuation/Conversion Notice to be executed and delivered, and the certification and
warranties contained herein to be made, by its duly Authorized Officer this              day of
                    , 200  . 

 

			
	 WINN-DIXIE STORES, INC.,
 as Administrative Borrower

		
	By	 	 
		 	Title:

  

	4	To be inserted upon conversion of Base Rate Loan into a LIBO Rate Loan on a date other than a Quarterly Payment Date. 

  
 C-2

 EXHIBIT D 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Form of Compliance Certificate 
  

	To:	Wells Fargo Bank, National Association, as Agent 

 One Boston Place, 18th Floor 
 Boston, Massachusetts 02108 

Attention: Portfolio Manager - Winn-Dixie 
  

	 	Re:	Winn-Dixie Stores, Inc., et al. 

 Ladies
and Gentlemen: 
 This certificate is delivered to you pursuant to Section 7.1.1(c) of the Second Amended and Restated
Credit Agreement, dated March 18, 2011 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Winn-Dixie Stores, Inc., a Florida corporation (“Winn-Dixie”),
certain subsidiaries of Winn-Dixie listed on the signature pages thereto (together with Winn-Dixie, each a “Borrower” and, collectively, the “Borrowers”), the various financial institutions and other Persons from time to time
parties thereto (collectively, “Lenders”), and Wells Fargo Bank, National Association, as administrative agent and collateral agent (in such capacities, the “Agent”) for Lenders. Unless otherwise defined herein or the context
otherwise requires, capitalized terms used herein have the meanings provided in the Credit Agreement. 
 I hereby certify to you
pursuant to Section 7.1.1(c) of the Credit Agreement as follows: 
 1. I am the duly elected _____________ of Winn Dixie.

 2. I have reviewed the terms of the Credit Agreement, and have made, or have caused to be made under my supervision, a review
in reasonable detail of the transactions and the financial condition of Borrowers and Guarantors, during the immediately preceding Fiscal [Quarter] [Year]. 
 3. The review described in Section 2 above did not disclose the existence during or at the end of such Fiscal [Quarter] [Year] and I have no knowledge of the existence and continuance on the date
hereof, of any condition or event which constitutes a Default or an Event of Default, except as set forth on Schedule I attached hereto. Described on Schedule I attached hereto are the exceptions, if any, to this Section 3 listing, in detail,
the nature of the condition or event, the period during which it has existed and the action which any Borrower or Guarantor has taken, is taking, or proposes to take with respect to such condition or event. 

4. Attached hereto as Schedule II are the calculations used in determining, as of the end of such Fiscal [Quarter] [Year] whether
Borrowers and Guarantors are in compliance with the covenant set forth in Section 7.2.4 of the Credit Agreement for such fiscal period. 

  
 D-1

 The foregoing certifications are made and delivered this day of
                    , 20    . 

 

			
	WINN-DIXIE STORES, INC., as Administrative Borrower on behalf of all Borrowers
		
	By:	 	 
	Title:	 	 

  
 D-2

 EXHIBIT E 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Form of Lender Assignment Agreement 
 LENDER ASSIGNMENT AGREEMENT 
 _______ ___, 20    

  

	To:	Wells Fargo Bank, National Association, as Agent 

 One Boston Place, 18th Floor 
 Boston, Massachusetts 02108 

Attention: Portfolio Manager - Winn-Dixie 
  

	 	Re:	Winn-Dixie Stores, Inc., et al. 

 Ladies
and Gentlemen: 
 We refer to Section 10.11.1 of the Second Amended and Restated Credit Agreement, dated March 18,
2011, as heretofore amended (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Winn-Dixie Stores, Inc., a Florida corporation (“Winn-Dixie”), certain
subsidiaries of Winn-Dixie listed on the signature pages thereto (together with Winn-Dixie, each a “Borrower” and, collectively, the “Borrowers”), the various financial institutions and other Persons from time to time parties
thereto (the “Lenders”), Wells Fargo Bank, National Association, as administrative agent and collateral agent (in such capacities, the “Agent”) for the Lenders and Wells Fargo Capital Finance, LLC, as sole lead arranger and sole
bookrunner. Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided in the Credit Agreement. 
 Effective as of                     , 200   (the “Assignment Date”),
_________________ (the “Assignor”) irrevocably sells, transfers, conveys and assigns, without recourse, representation or warranty (except as expressly set forth herein), to _____________ (the “Assignee”), and the Assignee
irrevocably purchases from the Assignor, that portion of the Assignor’s percentage of Credit Extensions and Revolving Loan Commitments outstanding under the Credit Agreement (the original Percentages of such Credit Extensions and Revolving Loan
Commitments are on file with Agent) and all related rights, benefits, obligations, liabilities, and indemnities of the Assignor under (and in connection with) the Credit Agreement and the other Loan Documents in an amount equal to
$                     (the “Assigned Portion”). After giving effect to the foregoing assignment and delegation, the Assignor’s
and each Assignee’s Percentage for the purposes of the Credit Agreement and each other Loan Document will be as set forth on the signature pages hereof. 

  
 E-1

 In addition, this agreement constitutes notice to each of you, pursuant to
Section 10.11.1(c) of the Credit Agreement, of the assignment and delegation to the Assignee of the Assigned Portion of the Revolving Loan Commitments and Revolving Loans of the Assignor outstanding under the Credit Agreement as of the
Assignment Date. 
 The Assignee shall pay to the Assignor on the Assignment Date an amount equal to (a) the purchase price
for the Assigned Portion, (b) all accrued and unpaid interest on the Assigned Portion and (c) all accrued and unpaid fees payable with respect to the Assigned Portion for any period of time prior to but excluding the Assignment Date, all
as on file with Agent. In any event, the Assignee is entitled to receive all payments on account of interest, principal and fees accrued with respect to the Assigned Portion for the period from and after the Assignment Date. 

The Assignee hereby acknowledges and confirms that it has received a copy of the Credit Agreement and the exhibits related thereto,
together with copies of the documents which were required to be delivered under the Credit Agreement as a condition to the making of the Credit Extensions thereunder. The Assignee further confirms and agrees that in becoming a Lender and in making
its Revolving Loan Commitments and Revolving Loans under the Credit Agreement, such actions have and will be made without recourse to, or representation or warranty by, Agent. 
 The Assignor represents and warrants that it owns the Assigned Portion free and clear of any adverse claim, it is legally authorized to enter into and deliver this agreement and represents that it is the
legal and beneficial owner of the Assigned Portion. Except as set forth in the previous sentence, the Assignor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made
pursuant to or in connection with this agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this agreement, the Credit Agreement, any other Loan Document or any other instrument or document furnished
pursuant hereto or thereto, including the financial condition of the Borrowers or any of their Subsidiaries or the performance or observance by any Lender of any of its obligations under the Credit Agreement, any other Loan Document or any other
instrument or document furnished pursuant hereto or thereto. The Assignee represents and warrants that it is legally authorized to enter into and deliver this agreement and confirms that it has received a copy of the Credit Agreement, together with
copies of the most recent financial statements delivered pursuant to Section 7.1.1 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this
agreement. In addition, the Assignee independently and without reliance upon the Assignor, Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, shall continue to make its own credit
decisions in taking or not taking action under the Credit Agreement, the other Loan Documents and the other instruments and documents delivered in connection therewith. 
 Except as otherwise provided in the Credit Agreement, effective as of the Assignment Date: 
 (a) the Assignee: 

  
 E-2

 (i) shall be deemed automatically to have become a party to the Credit
Agreement, have all the rights and obligations of a “Lender” and a “Revolving Loan Lender” under the Credit Agreement and the other Loan Documents as if it were an original signatory thereto to the extent specified in the second
paragraph hereof and, in any event, expressly makes the appointments and agrees to the exculpations and indemnifications of Agent and the Issuer provided for in the Credit Agreement; 

(ii) agrees to be bound by the terms and conditions set forth in the Credit Agreement and the other Loan Documents as if
it were an original signatory thereto; and 
 (b) the Assignor shall be released from its obligations under the Credit Agreement
and the other Loan Documents to the extent specified in the second paragraph hereof, except for any indemnification obligations under Section 9.1 of the Credit Agreement. 
 The Assignee hereby advises each of you of the following administrative details with respect to the assigned Revolving Loans and Revolving Loan Commitments and requests Agent to acknowledge receipt of
this document: 
 [As on file with Agent] 
 (c) Payment Instructions: 
 [As on file with Agent] 

The Assignee agrees (for the benefit of the Assignor, the Borrowers and Agent) to furnish, if required by Section 4.6 of the Credit
Agreement, the applicable Internal Revenue Service forms or other forms required thereunder no later than the date of acceptance hereof by Agent. In addition, the Assignee represents and warrants (for the benefit of the Assignor, the Borrowers and
Agent) that, under applicable law and treaties in effect as of the date hereof, no United States federal taxes will be required to be withheld by Agent or the Borrowers with respect to any payments to be made to the Assignee in respect of the Credit
Agreement. 
 THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK
(INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. This Agreement may be executed by the Assignor and Assignee in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, each of the undersigned has executed and delivered this Lender Assignment Agreement as of the date first written above. 

  
 E-3

									
	 Adjusted Assignor Percentage of
 Revolving Loan Commitments and
 Revolving Loans
	 		 	 Assignee Percentage of
 Revolving Loan Commitments and
 Revolving Loans

			
	[ON FILE WITH AGENT]	 		 	                %
			
	 [NAME OF ASSIGNOR LENDER],
 as Assignor
	 		 	 [NAME OF ASSIGNEE LENDER],
 as Assignee

					
	By:	 	 	 		 	By	 	 
		 	Title:	 		 		 	Title:
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Agent
	 		 	 [WINN-DIXIE STORES, INC.,
 as Administrative Borrower

					
	By:	 	 	 		 	By:	 	 
		 	Title:	 		 		 	Title:]

  
 E-4

 EXHIBIT F 
 TO 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Form of Borrowing Base Certificate 
 See attached 

  
 F-1

 Item 5.1.14(a) 

Specified Leasehold Property 
 STORE LOCATIONS - Supermarkets 
  

									
	 Store
	  	 Address
	  	 City
	  	 County
	  	 ST

	 349
	  	5600 West Sample Rd	  	Margate	  	Broward	  	FL
	 373*
	  	81001 Overseas Highway	  	Islamorada	  	Monroe	  	FL
	 458
	  	1721 Hwy 31 N	  	Fultondale	  	Jefferson	  	AL
	 460
	  	5841 Atlanta Highway	  	Montgomery	  	Montgomery	  	AL
	 461
	  	465 Main Street	  	Trussville	  	Jefferson	  	AL
	 470
	  	1625 E University Drive	  	Auburn	  	Lee	  	AL
	 472
	  	2014 Highway #45 North	  	Meridian	  	Lauderdale	  	MS
	 479
	  	9750 Highway 69 South	  	Tuscaloosa	  	Tuscaloosa	  	AL
	 496
	  	2601 Hwy 78 East	  	Jasper	  	Walker	  	AL
	 500
	  	4701 Centerpoint Rd	  	Pinson	  	Jefferson	  	AL
	 514
	  	2653 Valleydale Road	  	Birmingham	  	Shelby	  	AL
	 545
	  	1206 Crawford St.	  	Americus	  	Sumter	  	GA
	 595
	  	2910 Morgan Rd, Suite 128	  	Bessemer	  	Jefferson	  	AL
	 1416
	  	5969 Lapalco Blvd.	  	Marrero	  	Jefferson	  	LA
	 1443
	  	70431 Highway 21	  	Covington	  	St Tammany	  	LA
	 1461
	  	8601 Siegen Lane	  	Baton Rouge	  	East Baton Rouge	  	LA
	 1490
	  	2004 North Parkerson Ave	  	Crowley	  	Acadia	  	LA
	 1558
	  	2210 Veterans Memorial Dr	  	Abbeville	  	Vermillion	  	LA

  

	*	Store Under Construction 

 STORE LOCATIONS
– Liquor Stores and Fuel Centers 
  

											
	 Store
No.
	  	 Address
	  	 City
	  	 ST
	  	 Store Use
	  	Related
Store
No.
	31	  	1070 Nw Santa Fe Blvd	  	High Springs	  	FL	  	liquor store	  	31
	82	  	800 S Marion Street Suite 101	  	Lake City	  	FL	  	liquor store	  	81
	90	  	111-39-1 S. Magnolia	  	Tallahassee	  	FL	  	liquor store	  	86
	106	  	1227 Atlantic Blvd	  	Neptune Beach	  	FL	  	liquor store	  	18
	130	  	3907 Hwy A1a South	  	St. Augustine Beach	  	FL	  	liquor store	  	129
	136	  	2851 Henley Rd., Ste. 108	  	Green Cove Springs	  	FL	  	liquor store	  	135
	143	  	11701-10a San Jose Blvd	  	Jacksonville	  	FL	  	liquor store	  	141
	150	  	300 S.W. 16th Avenue	  	Gainesville	  	FL	  	liquor store	  	197
	156	  	901 Hwy 19 South	  	Palatka	  	FL	  	liquor store	  	163
	183	  	3538-A Blanding Blvd.	  	Jacksonville	  	FL	  	liquor store	  	177
	187	  	8560 Argyle Forest Blvd	  	Jacksonville	  	FL	  	liquor store	  	176
	189	  	Chafee Road	  	Jacksonville	  	FL	  	fuel center	  	199
	258	  	17101 Miramar Pkwy	  	Miramar	  	FL	  	liquor store	  	250
	261	  	2675 S Military Trail Ste 100	  	West Palm Beach	  	FL	  	liquor store	  	221
	266	  	14595 S Military Trail Ste 100	  	Delray Beach	  	FL	  	liquor store	  	255

											
	277	  	3435 N Federal Hwy	  	Pompano Beach	  	FL	  	liquor store	  	207
	279	  	Federal Hwy & Ne 6th St	  	Ft Lauderdale	  	FL	  	liquor store	  	290
	289	  	20417 Biscayne Blvd	  	N. Miami Beach	  	FL	  	liquor store	  	291
	293	  	West 49th St. & 16th	  	Hialeah	  	FL	  	liquor store	  	292
	300	  	11292 State Road 84	  	Davie	  	FL	  	liquor store	  	311
	303	  	553 West 49th Street	  	Hialeah	  	FL	  	liquor store	  	243
	314	  	1519 East Hallandale Bch Blvd	  	Hallandale	  	FL	  	liquor store	  	306
	322	  	7911 S Dixie Highway	  	West Palm Beach	  	FL	  	liquor store	  	309
	324	  	2720a N. Roosevelt Blvd.	  	Key West	  	FL	  	liquor store	  	317
	327	  	2150 S Federal Highway	  	Stuart	  	FL	  	liquor store	  	307
	365	  	3310 Se Salerno Rd.	  	Stuart	  	FL	  	liquor store	  	364
	389	  	18302 Sw 137th Avenue	  	Miami	  	FL	  	liquor store	  	388
	391	  	3700 Broadway	  	Riviera Beach	  	FL	  	liquor store	  	390
	393	  	12095 Sw 152nd Street	  	Miami	  	FL	  	liquor store	  	384
	394	  	2111 Sw 33rd Avenue	  	Miami	  	FL	  	liquor store	  	251
	395	  	5598 West Sample Road	  	Margate	  	FL	  	liquor store	  	349
	455	  	1812 Hwy 77 S Suite 120	  	Lynn Haven	  	FL	  	liquor store	  	436
	466	  	3327 Gulf Breeze Parkway	  	Gulf Breeze	  	FL	  	liquor store	  	412
	483	  	13109 Sorrento Rd.	  	Pensacola	  	FL	  	liquor store	  	493
	485	  	3619 Us 231 North	  	Panama City	  	FL	  	liquor store	  	481
	497	  	17186 Front Beach	  	Panama City	  	FL	  	liquor store	  	494
	505	  	23202 Front Beach Rd.	  	Panama City	  	FL	  	liquor store	  	488
	515	  	5977 Mobile Hwy	  	Pensacola	  	FL	  	liquor store	  	495
	567	  	981 Us Hwy 98 East Suite A	  	Destin	  	FL	  	liquor store	  	560
	589	  	4478 Suite B Market St	  	Marianna	  	FL	  	liquor store	  	555
	610	  	8740a Park Blvd	  	Largo	  	FL	  	liquor store	  	606
	614	  	12951 Park Blvd	  	Seminole	  	FL	  	liquor store	  	607
	616	  	Us Hwy 27 South	  	Avon Park	  	FL	  	liquor store	  	609
	645	  	6902 South Florida Ave	  	Lakeland	  	FL	  	liquor store	  	632
	661	  	15200 Municipal Drive	  	Maderia Beach	  	FL	  	liquor store	  	658
	665	  	5402 Fruitville Road	  	Sarasota	  	FL	  	liquor store	  	657
	707	  	2100 34th Street North	  	St Petersburg	  	FL	  	liquor store	  	699
	722	  	4104 Mccall Road	  	Englewood	  	FL	  	liquor store	  	720
	730	  	621 N Collier Blvd	  	Marco Island	  	FL	  	liquor store	  	729
	753	  	31080 Cortez Blvd	  	Brooksville	  	FL	  	liquor store	  	652
	754	  	891 S. Pinellas Avenue	  	Tarpon Springs	  	FL	  	liquor store	  	624
	755	  	1006 53rd Ave E	  	Bradenton	  	FL	  	liquor store	  	630
	756	  	1047 62 Ave N.	  	St Petersburg	  	FL	  	liquor store	  	698
	1356	  	Pass Road	  	Biloxi	  	MS	  	liquor store	  	1357
	2204	  	10055 S. Us Hwy 41	  	Dunnellon	  	FL	  	liquor store	  	2219
	2226	  	3320 Canoe Creek Rd.	  	St Cloud	  	FL	  	liquor store	  	2207
	2245	  	684 East Hwy 50	  	Clermont	  	FL	  	liquor store	  	2225
	2248	  	15916 East Sr 40	  	Silver Springs	  	FL	  	liquor store	  	2206
	2251	  	1573 West Highway 441	  	Apopka	  	FL	  	liquor store	  	2246
	2253	  	955 West State Rd 434	  	Longwood	  	FL	  	liquor store	  	2233

											
	2299	  	1401 South Hiawassee Rd	  	Orlando	  	FL	  	liquor store	  	2278
	2310	  	365 W. Granada Blvd	  	Ormond Beach	  	FL	  	liquor store	  	2309
	2318	  	6231 Us Highway 1	  	Port St John	  	FL	  	liquor store	  	2329
	2319	  	1122 N Main St	  	Bushnell	  	FL	  	fuel center	  	2320
	2322	  	438 West Gulf To Atlantic Hwy	  	Wildwood	  	FL	  	liquor store	  	2321
	2331	  	959 E Eau Gallie Blvd	  	Melbourne	  	FL	  	liquor store	  	2328
	2338	  	1529 N Singleton Ave	  	Titusville	  	FL	  	liquor store	  	2327
	2350	  	944 Bichara Blvd	  	Lady Lake	  	FL	  	liquor store	  	2337
	2351	  	5270 Babcock St Ne Unit 30b	  	Palm Bay	  	FL	  	liquor store	  	2333
	2356	  	120 International Pkwy	  	Lake Mary	  	FL	  	liquor store	  	2380
	2360	  	2701-A S Woodland Blvd	  	Deland	  	FL	  	liquor store	  	2341
	2362	  	4870 N Kings Highway	  	Fort Pierce	  	FL	  	liquor store	  	2349
	2363	  	488 E. Burleigh Blvd.	  	Tavares	  	FL	  	liquor store	  	2261
	2368	  	7960 Us Hwy #1	  	Micco	  	FL	  	liquor store	  	2367
	2389	  	340 South Sr 434 Suite 1036	  	Altamonte Springs	  	FL	  	liquor store	  	2388
	2399	  	1750 Sunshadow Dr #96	  	Casselberry	  	FL	  	liquor store	  	2273
	2636	  	4400 Hardy St	  	Hattiesburg	  	MS	  	fuel center	  	2626
	2638	  	170 Beacon Street	  	Laurel	  	MS	  	fuel center	  	2628
	2657	  	3201 W Colonial	  	Orlando	  	FL	  	liquor store	  	2656

 Item 6.6 
 Material Adverse Changes 
 None 

 Item 6.7 
 Litigation 
 None 

 Item 6.8(a) 

Existing U.S. Subsidiaries 
  

	1.	Deep South Products, Inc. 

  

	2.	Dixie Spirits, Inc. 

  

	3.	WIN General Insurance, Inc. 

  

	4.	Winn-Dixie Logistics, Inc. 

  

	5.	Winn-Dixie Montgomery, LLC 

  

	6.	Winn-Dixie Procurement, Inc. 

  

	7.	Winn-Dixie Raleigh, Inc. 

  

	8.	Winn-Dixie Supermarkets, Inc. 

  

	9.	Winn-Dixie Warehouse Leasing, LLC 

  

	10.	Winn-Dixie Raleigh Leasing, LLC 

  

	11.	Winn-Dixie Montgomery Leasing, LLC 

  

	12.	Winn-Dixie Stores Leasing, LLC 

  

	13.	Winn-Dixie Properties, LLC 

  

	14.	Dixie Sprits Florida, LLC 

 Item 6.8(b) 

Material Subsidiaries 
  

	1.	Deep South Products, Inc. 

  

	2.	Dixie Spirits, Inc. 

  

	3.	WIN General Insurance, Inc. 

  

	4.	Winn-Dixie Logistics, Inc. 

  

	5.	Winn-Dixie Montgomery, LLC 

  

	6.	Winn-Dixie Procurement, Inc. 

  

	7.	Winn-Dixie Raleigh, Inc. 

  

	8.	Winn-Dixie Supermarkets, Inc. 

  

	9.	Winn-Dixie Warehouse Leasing, LLC 

  

	10.	Winn-Dixie Raleigh Leasing, LLC 

  

	11.	Winn-Dixie Montgomery Leasing, LLC 

  

	12.	Winn-Dixie Stores Leasing, LLC 

  

	13.	Winn-Dixie Properties, LLC 

  

	14.	Dixie Sprits Florida, LLC 

 Item 6.9 
 Real Property 
  

													
	 Common

Name/
 Store No.
	  	 Owner
	  	 Address
	  	 City
	  	 County
	  	 ST
	  	 Use

							
	125	  	Winn-Dixie Properties, LLC	  	1625 West Tharpe St.	  	Tallahassee	  	Leon	  	FL	  	Store
							
	129	  	Winn-Dixie Properties, LLC	  	3905 A1A South	  	St. Augustine Beach	  	St. Johns	  	FL	  	Store
							
	247	  	Winn-Dixie Properties, LLC	  	1155 11th Street	  	Miami	  	Miami-Dade	  	FL	  	Store
							
	267 and adjoining shopping center	  	Winn-Dixie Properties, LLC	  	5563 Overseas Highway	  	Marathon	  	Monroe	  	FL	  	Store
							
	1577	  	Winn-Dixie Properties, LLC	  	13002 Coursey Blvd.	  	Baton Rouge	  	E. Baton Rouge	  	LA	  	Store
							
	1591	  	Winn-Dixie Properties, LLC	  	28145 Walker S. Rd.	  	Walker	  	Livingston	  	LA	  	Store
							
	Baldwin Distribution Center	  	Winn-Dixie Properties, LLC	  	15500 Beaver St.	  	Baldwin	  	Duval	  	FL	  	Distrib
							
	Baldwin Tract	  	Winn-Dixie Properties, LLC	  	15500 Beaver St.	  	Jacksonville	  	Duval	  	FL	  	Vacant
							
	#2624 Vicksburg Outparcels	  	Winn-Dixie Properties, LLC	  	2080 South Frontage Rd.	  	Vicksburg	  	Warren	  	MS	  	Vacant
							
	Callahan Tract	  	Winn-Dixie Properties, LLC	  	US 1 & Lem Turner Road	  	Callahan	  	Nassau	  	FL	  	Vacant
							
	Outparcel #1701	  	Winn-Dixie Properties, LLC	  	6970 SR 18 (Turfway Rd)	  	Florence	  	Boone	  	KY	  	Vacant
							
	Outparcel #945	  	Winn-Dixie Properties, LLC	  	1013 Virginia Highway	  	Clarksville	  	Mecklenburg	  	VA	  	Vacant
							
	Montgomery Distribution Center Outparcel	  	Winn-Dixie Montgomery, LLC	  	6080 U.S. Highway 31/ 6080 Mobile Highway (addresses used interchangeably)	  	South Montgomery	  	Montgomery	  	AL	  	Parking Lot

 Item 6.10 
 Taxes 
 None 

 Item 6.11 
 Employee Benefit Plans 
 None 

 Item 6.12 
 Environmental Matters 
 (c) Releases of Hazardous Materials 

 

	1.	The monitoring project at the Atlanta Distribution Center stemming from a petroleum release continues, but remains covered by the Georgia Underground Storage Tank Trust
Reimbursement Program. 

  

	2.	The Greenville Distribution Center monitoring project stemming from a petroleum release continues, and remains covered under the South Carolina Storage Tank Trust
cleanup reimbursement program. 

  

	3.	The former Winn-Dixie headquarters graphics department source removal (of chlorinated solvents) was completed in 2000 and monitoring has been taking place since.
Winn-Dixie is responsible for the cost of the monitoring. Further cleanup is not anticipated. 

  

	4.	The Winn-Dixie Headquarters GMD Warehouse petroleum release is currently being monitored. Source removal was completed in 2003 and is currently undergoing monitoring as
requested by the Florida Department of Environmental Protection. 

  

	5.	Winn-Dixie completed its petroleum release cleanup project at the Sarasota Distribution Center in September, 2009. A No Further Action letter was issued by the Florida
Department of Environmental Protection thereafter. 

 (f) Underground Storage Tanks 

Winn-Dixie currently has no underground storage tanks at any of its warehouses. There are four retail fuel islands currently operating (Mississippi –
2, Florida – 2): 
  

					
	#2636 HATTIESBURG	  	4400 Hardy Street	  	Station: (601) 268-0842
	(#763) store 2626	  	West Woods Square	  	Store: (601) 268-1683
		  	Hattiesburg, MS 39401	  	

  

					
	#2638 LAUREL	  	170 Beacon Street	  	Station: (601) 425-5881
	(#711) store 2628	  	Gardiner Shopping Ctr.	  	Store: (601) 426-2161
		  	Laurel, MS 39440	  	

  

					
	#189 JACKSONVILLE, FL	  	703 South Chaffee Rd.	  	Store: (904) 693-4404
	#199 Store	  	Jacksonville, FL 32221	  	

  

					
	#2319 BUSHNELL, FL	  	219 N. Market Rd. (Sta)	  	Store: (352) 568-0663
	#2320 Store	  	1122 N. Main St. (store)	  	
		  	Bushnell, FL 33513	  	

 At one time, Winn-Dixie had underground storage tanks at 6 warehouses and 28 retail fuel islands. 

 (g) Certain Remediations 
 Winn-Dixie is a potentially responsible party for environmental impairment under voluntary remedial programs at the following sites: 

 

	1.	Constitution Road Drum Site, Location: Atlanta, GA – EPA 

 Reserve established $15,000.00. 
  

	2.	BCX Tank Site, Location: Jacksonville, FL – EPA 

 Reserve established $40,000.00. 
  

	3.	Ellis Road Site, Location: Jacksonville, FL – EPA 

 Winn-Dixie small quantity waste generator, 30 gal drum with 1% PCB waste. No reserve established. 
  

	4.	Devils Swamp Site, Location: East Baton Rouge Parish, LA – EPA 

 Winn-Dixie is contesting its liability due to the small quantity of waste generated. No reserve established. 
  

	5.	Peak Oil/Bay Drum, Location: Tampa, FL - EPA 

 Reserve established $60,000.00 
  

	6.	Elmore Waste Disposal Superfund Site, Location: Greer, SC 

 Reserve established $100,000.00 
 (h) PCB’s; Asbestos 

 

	1.	There are no polychlorinated biphenyls (PCBs) present at any property now owned or leased by Winn-Dixie. However, PCBs were common in transformers pre-1980. Any
PCB-laden oil was removed and disposed of pursuant to regulations at the time. 

  

	2.	There is no friable asbestos present at any property now owned or leased by Winn-Dixie. Small amounts of friable asbestos were remediated in previously-owned office and
distribution facilities that were sold prior to confirmation of Winn-Dixie’s bankruptcy plan of reorganization. Any friable asbestos was removed and disposed of pursuant to regulations at the time. 

None of the foregoing matters, individually or in the aggregate, are reasonably expected to result in a Material Adverse Change. 

 Item 6.17 
 Compliance with Laws 
 None 

 Item 6.20 
 Intellectual Property 
 Chek 

Hickory Sweet 
 The
Beef People 
 Winn W D Dixie 
 Winn Dixie W D 

 Item 6.22 
 Material Contracts 
  

	1.	Employment Agreement between Winn-Dixie Stores, Inc. and Peter L. Lynch, dated October 23, 2006, as amended by that First Amendment to Employment Agreement between
Winn-Dixie Stores, Inc. and Peter Lynch, dated November 20, 2007. 

  

	2.	Winn-Dixie Stores, Inc. Employee Stock Purchase Plan. 

  

	3.	Winn-Dixie Stores, Inc. Equity Incentive Plan Form of Non-Qualified Stock Option Award Agreement. 

 

	4.	Winn-Dixie Stores, Inc. Equity Incentive Plan Form of Restricted Stock Unit Award Agreement. 

 

	5.	Winn-Dixie Stores, Inc. Directors’ Deferred Compensation Plan. 

  

	6.	Winn-Dixie Stores, Inc. Amended and Restated Equity Incentive Plan. 

  

	7.	Winn-Dixie Stores, Inc. Executive Severance Plan, effective January 31, 2008. 

 

	8.	Winn-Dixie Stores, Inc. Fiscal 2010 Equity Incentive Plan. 

 Item 6.24(b) 

Majority Banks 
  

	1.	Wells Fargo Bank, National Association 

  

	2.	Regions Bank 

 Item 6.24(c) 

Securities Accounts 
  

											
	 Bank
	  	 Funds
	  	 Accounts
	  	 Entity
	  	Balance
as of
2/28/11	 
	Bank of America Securities	  	 Dreyfus Treasury Prime
 Cash
Mgmt #761
	  		  	Winn-Dixie Stores, Inc.	  	$	20,000,000	  
	Bank of America Securities	  	 Federated Cash
 Reserves
#125
	  		  	Winn-Dixie Stores, Inc.	  	$	0	  
	BB&T Capital Markets	  	 Goldman Sachs 100%
 Treasury
#506
	  		  	Winn-Dixie Stores, Inc.	  	$	83,000,000	  
	Wells Fargo	  	 Wells Fargo Advantage
 Fund
#3722
	  		  	Winn-Dixie Stores, Inc.	  	$	71,000,000	  
		  		  		  		  	 	 	 
		  		  		  		  	$	174,000,000	  

 Item 6.26 
 Collective Bargaining Agreements 
 None 

 Item 6.27 
 Distribution Centers 
  

													
	 Common
 Name
	  	 Landlord
	  	 Tenant
	  	 Address
	  	 City
	  	 County
	  	 ST

							
	Montgomery Perishables Distribution Center	  	ZSF/WD Montgomery-31, LLC	  	Winn-Dixie Warehouse Leasing, LLC	  	6080 U.S. Highway 31/ 6080 Mobile Highway (addresses used interchangeably)	  	Montgomery	  	Montgomery	  	AL
							
	Jacksonville Distribution Center	  	ZSF/WD Jacksonville, LLC	  	Winn-Dixie Warehouse Leasing, LLC*	  	5050 / 5244 Edgewood Court	  	Jacksonville	  	Duval	  	FL
							
	Hammond Distribution Center	  	ZSF/WD Hammond, LLC	  	Winn-Dixie Warehouse Leasing, LLC	  	3925 Highway 190 West	  	Hammond	  	Tangipahoa	  	LA
							
	Miami Distribution Center	  	FU/WD Opa Locka, LLC	  	Winn-Dixie Warehouse Leasing, LLC	  	3300 NW 123rd Street	  	Opa Locka	  	Miami-Dade	  	FL
							
	Orlando Distribution Center	  	ZSF/WD Orlando, LLC	  	Winn-Dixie Warehouse Leasing, LLC	  	3015 Coast Line Drive	  	Orlando	  	Orange	  	FL

  

	*	Winn-Dixie Logistics is the subtenant for Unit 1 at this location where certain pharmacy-related assets are maintained. 

 Item 6.28 
 Debit and Credit Card Processing Arrangements 
  

							
	 Name of Processor
	  	 Address
	  	 Title of Processing Agreement
	  	 Date of Execution

				
	 ACI Worldwide, Inc.
 Contact
Person/Title:
 Mark Brackenbury

Account Director
	  	 330 South 108 Ave.
 Omaha, NE
68154
	  	 Processing Services Agreement

Re: Winn-Dixie Stores, Inc. - Notice to EFT System Processor Manager
	  	October 1, 2005
				
	 American Express Travel Related Services, Inc.
  

Contact Person/Title:
 David Marsella

national Accounts Manager
	  	 6997 Sydney Court
 Summerfield,
NC 27358
	  	 Agreement for American Express Card Acceptance
 Re: Winn-Dixie Stores, Inc. - Notice to Credit Card Processor
	  	January 1, 2006
				
	 Credit Union24/ Fifth Third Processing Solutions, ACI Worldwide, Inc.

 
 Contact Person/Title:
 Ed Young
 Credit Union24
 Chief Information Officer
  

Cari Carda-Nauman
 Fifth Third Bank

AVP/Senior Relationship Manager
  

Mark Brackenbury
 ACI Worldwide, Inc.

Account Director
	  	  
  
  

 
 2252 Killearn Center Blvd. Ste. 300

Tallahassee, FL 32308
  

 
 38 Fountain Sq. Plaza
 Cincinnati, OH 45263
  
  

 
 330 South 108 Ave.
 Omaha, NE 68154
	  	 Service & License Agreement
  

Re: Winn-Dixie Stores, Inc. - Notice to Debit Card Processor
	  	April 4, 2004
				
	 Discover Network
  

Contact Person/Title:
 Joe Ferguson

National Accounts Manager
	  	 2500 Lake Cook Road

Riverwoods, IL 60015
	  	 Merchant Services Agreement
  

Re: Winn-Dixie Stores, Inc. - Notice to Credit Card Processor
	  	June 8, 1991

							
				
	 Fifth Third Bank
  

Contact Person/Title:
 Cari
Carda-Nauman
 Fifth Third Bank

AVP/Senior Relationship Manager
	  	 38 Fountain Sq. Plaza

Cincinnati, OH 45263
	  	 Bank Card Merchant Agreement
  

Re: Winn-Dixie Stores, Inc. - Notice to Credit Card Processor
	  	March 1, 2004
				
	 Fifth Third Bank
  

Contact Person/Title:
 Cari
Carda-Nauman
 Fifth Third Bank

AVP/Senior Relationship Manager
	  	 38 Fountain Sq. Plaza

Cincinnati, OH 45263
	  	 Master Data Processing Agreement
  

Re: Winn-Dixie Stores, Inc. - Notice to Debit Card Processor
	  	July 1, 2006

 Note - Fifth Third Processing Solutions
processes for the following Debit/Credit Card Networks: 
  

			
		
	Debit Card	  	Credit Card
		
	ACCEL	  	Visa
		
	AFFN	  	MasterCard
		
	Alaska Options	  	JCB
		
	Credit Union24	  	
		
	Jeanie	  	
		
	Interlink	  	
		
	Maestro	  	
		
	NetWorks	  	
		
	Shazam	  	
		
	Star/NE	  	
		
	NYCE	  	

 Item 7.2.2(a) 

Part I: Existing Letters of Credit deemed to be issued as Subfacility Letters of Credit Wells Fargo Import Letters of Credit

  

											
	 LC#
	  	Amount	 	  	Expiration	 	  	 Beneficiary

	 IC027511U
	  	 	67,564.80	  	  	 	03/08/11	  	  	4 Seasons Global, Inc.
	 IC027638U
	  	 	30,192.00	  	  	 	03/21/11	  	  	4 Seasons Global, Inc.
	 IC027661U
	  	 	18,144.00	  	  	 	03/21/11	  	  	4 Seasons Global, Inc.
	 IC027358U
	  	 	31,339.00	  	  	 	03/22/11	  	  	A and J Manufacturing, Inc.
	 IC027639U
	  	 	30,192.00	  	  	 	03/28/11	  	  	4 Seasons Global, Inc.
	 IC027662U
	  	 	27,216.00	  	  	 	03/31/11	  	  	4 Seasons Global, Inc.
	 IC027640U
	  	 	30,192.00	  	  	 	02/15/11	  	  	4 Seasons Global, Inc.
	 IC027678U
	  	 	52,947.36	  	  	 	04/05/11	  	  	4 Seasons Global, Inc.
	 IC027647U
	  	 	13,366.50	  	  	 	04/10/11	  	  	4 Seasons Global, Inc.
	 IC027679U
	  	 	79,421.04	  	  	 	04/21/11	  	  	4 Seasons Global, Inc.
	 IC028019U
	  	 	30,954.00	  	  	 	06/10/11	  	  	4 Seasons Global, Inc.
	 IC028064U
	  	 	33,362.00	  	  	 	05/31/11	  	  	4 Seasons Global, Inc.
	 IC027325U
	  	 	1,623.24	  	  	 	02/21/11	  	  	4 Seasons Global, Inc.
	 IC027532U
	  	 	234,560.00	  	  	 	02/21/11	  	  	4 Seasons Global, Inc.
	 IC027541U
	  	 	136,136.00	  	  	 	02/21/11	  	  	4 Seasons Global, Inc.
	 IC027673U
	  	 	108,216.00	  	  	 	02/21/11	  	  	4 Seasons Global, Inc.
	 IC028040U
	  	 	62,542.00	  	  	 	05/22/11	  	  	Young Development Textile
	 IC028042U
	  	 	37,188.00	  	  	 	06/10/11	  	  	Far East Brokers
	 Subtotal:
	  	 	1,025,155.94	  	  				  	

 Part II: Existing Letters of Credit deemed to be issued as Standby Letters of Credit Wells Fargo
Standby Letters of Credit 
  

											
	 LC#
	  	Amount	 	  	Expiration	 	  	 Beneficiary

	 SM203150
	  	 	4,000,000.00	  	  	 	05/07/11	  	  	United States Fidelity & Guaranty Co.
	 SM420868
	  	 	700,000.00	  	  	 	05/08/11	  	  	South Carolina Workers Compensation
	 SM420871
	  	 	10,800,000.00	  	  	 	05/08/11	  	  	Director Self-Insurance Texas Worker’s Comp
	 SM237442
	  	 	6,639,000.00	  	  	 	07/01/11	  	  	Chartis
	 SM209408
	  	 	61,654,532.00	  	  	 	07/29/11	  	  	Ace American Insurance Company
	 SM237657
	  	 	5,000,000.00	  	  	 	08/11/11	  	  	JPMorgan Chase Bank
	 SM236621
	  	 	10,000.00	  	  	 	10/22/11	  	  	CSX Intermodal, Inc.
	 SM216487
	  	 	100,000.00	  	  	 	11/10/11	  	  	American Casualty Company
	 SM212293
	  	 	14,949,936.00	  	  	 	02/14/12	  	  	Florida Self Insurers Guarantee
	 SM230360
	  	 	1,100,000.00	  	  	 	02/25/12	  	  	Mississippi Worker’s Compensation
	 SM234272
	  	 	1,000,000.00	  	  	 	03/16/12	  	  	General Electric Capital
	 SM207389
	  	 	19,999,793.42	  	  	 	03/18/12	  	  	Liberty Mutual Insurance
	 SM420441
	  	 	7,501,000.00	  	  	 	03/27/12	  	  	Reliance National Indemnity
	 SM213022
	  	 	10,000,000.00	  	  	 	03/31/12	  	  	State of Alabama
	 SM225240
	  	 	1,000,000.00	  	  	 	04/05/12	  	  	RBS Asset Finance, Inc.
	 Subtotal:
	  	 	144,454,261.42	  	  				  	
	 Total:
	  	 	145,479,417.36	  	  				  	

 Item 7.2.2(b) 

Permitted Indebtedness 

Indebtedness arising under the following Notes Payable: 
  

															
	 Name of Payee
	  	 Description
	  	Date
Incurred	 	  	Maturity
Date	 	  	Amount
Outstanding	 
	 AFCO Credit Corporation
	  	Insurance premium financing	  	 	4/30/2010	  	  	 	3/30/2011	  	  	$	1,272,743.73	  
	 Chartis
	  	Insurance premium financing	  	 	7/1/2010	  	  	 	4/1/2011	  	  	$	127,933.00	  
	 American International Group
	  	Insurance premium financing	  	 	7/1/2010	  	  	 	4/1/2011	  	  	$	13,175.00	  
	 AFCO Credit Corporation
	  	Insurance premium financing	  	 	11/1/2010	  	  	 	8/1/2011	  	  	$	1,615,929.98	  
	 Cisco Systems Capital Corporation
	  	Equipment maintenance financing	  	 	11/1/2010	  	  	 	8/1/2013	  	  	$	520,478.80	  
		  		  				  				  	$	3,550,260.51	  

 Item 7.2.3(b) 

Permitted Liens 
  

	1.	Liens as reflected on the attached chart of UCC filings (in addition to UCC filings and Liens as permitted by Sections 7.2.3(c) and (e) of the
Credit Agreement). 

  

	2.	Escrowed deposits in connection with the attached chart. 

  

	3.	Escrow deposits or other escrow arrangements of the same type as those set forth above to be entered into in connection with other asset dispositions contemplated on
Item 7.2.11 or otherwise permitted under the Credit Agreement. 

 ESCROW DEPOSITS 

123151 117113 
  

							
	 Type
	  	 Store
	  	Amount	 
	 Utilities Escrow
	  	Pomp WH	  	$	198,508.76	  

 UCC FILINGS

 WINN DIXIE STORES, INC. 
  

									
	 Debtor
	  	 Secured Party
	  	 Jurisdiction
	  	 Filing Information
	  	 Collateral Description

					
	Winn-Dixie Stores, Inc.*	  	 Regions Bank
 (formerly AmSouth
Bank)
	  	FL SOS	  	 Type: Original
 Number:
200305528988 Date: 11/24/2003
  
 Type: Amendment Number: 200407330206 Date:
07/06/2004
  
 Type: Continuation Number: 200809557140 Date:
11/18/2008
	  	All investment property, financial assets, securities entitlements, securities accounts, commodity accounts, commodity contracts, etc. held in an account with AmSouth Investment
Services
					
	 Winn-Dixie Stores, Inc.

(Consignee)
	  	 American Bank Note Company

(Consignor)
	  	FL SOS	  	 Type: Original
 Number:
200808741878
 Date: 07/15/2008
	  	All consigned US Postal Service postage

WINN DIXIE PROCUREMENT, INC. 
  

									
	 Debtor
	  	 Secured Party
	  	 Jurisdiction
	  	 Filing Information
	  	 Collateral Description

					
	Winn-Dixie Procurement, Inc. (Consignee)	  	 The News Group LP

(Consignor)
	  	FL SOS	  	 Type: Original
 Number:
201002131152
 Date: 03/08/2010
	  	Magazines, comic books and other periodicals consigned by Secured Party to Debtor

  

	*	Financing Statement to be terminated pursuant to Section 7.1.15(c) of the Credit Agreement. 

 Item 7.2.5(a) 

Permitted Investments 

Winn-Dixie Stores, Inc. owns, either directly or indirectly, issued and outstanding shares of the following subsidiaries: 

Deep South Products, Inc. 
 Dixie Spirits, Inc.

 WIN General Insurance, Inc. 

Winn-Dixie Logistics, Inc. 
 Winn-Dixie
Montgomery, LLC 
 Winn-Dixie Procurement, Inc. 
 Winn-Dixie Raleigh, Inc. 
 Winn-Dixie Supermarkets, Inc. 

Winn-Dixie Warehouse Leasing, LLC 
 Winn-Dixie
Raleigh Leasing, LLC 
 Winn-Dixie Montgomery Leasing, LLC 
 Winn-Dixie Stores Leasing, LLC 
 Winn-Dixie Properties, LLC 

Dixie Sprits Florida, LLC 
 Other various
investments in the securities accounts listed in Item 6.24(c). 

 Item 7.2.11(b)(i) 

Dispositions of Certain Non-Borrowing Base Assets 
 Assets as described in letter to Wells Fargo Bank, as Administrative Agent, dated as of the Closing Date, referring to Section 7.2.11(b) of the Credit Agreement.

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