Document:

Exhibit 10.1

 

(Portions of this
Agreement have been omitted pursuant to a request for Confidential Treatment
filed with the Securities and Exchange Commission.)

 

FIRST
AMENDMENT OF REVOLVING CREDIT AGREEMENT

 

THIS FIRST AMENDMENT OF
REVOLVING CREDIT AGREEMENT (“Amendment”), dated effective as of June 2,
2008, is made and entered into by and among WHOLE FOODS MARKET, INC. (the “Company”),
a Texas corporation, the lenders which are now or hereafter parties thereto
(each, together with its successors and assigns, a “Lender” and
collectively, the “Lenders”), and JPMORGAN CHASE BANK, N.A., a national
banking association formerly known as JPMorgan Chase Bank, as administrative
agent for the Lenders (in such capacity, together with its successors in such
capacity, the “Agent”).

 

RECITALS:

 

WHEREAS, the Company, the
Agent and the Lenders are parties to a Revolving Credit Agreement dated as of August 28,
2007 (hereinafter referred to as the “Credit Agreement”); and

 

WHEREAS, in connection
with the Company’s request to increase the Aggregate Commitment and to amend
the Credit Agreement to permit Investments by the Company and its Subsidiaries
in Persons other than Subsidiaries of the Company, the Agent, the Lenders and
the Company have agreed, on the terms and conditions herein set forth, that the
Credit Agreement be amended in certain respects.

 

AGREEMENTS:

 

NOW, THEREFORE, in
consideration of the premises and the mutual agreements, representations and
warranties herein set forth, and for other good and valuable consideration, the
receipt and sufficiency which are hereby acknowledged and confessed, the
Company, the Agent and the Lenders do hereby agree as follows:

 

Section 1. 
  General Definitions.  Capitalized terms used herein which are
defined in the Credit Agreement shall have the same meanings when used herein.

 

Section 2. 
   Amendment of Applicable Commitment
Fee Percentage and Applicable Margin Definitions.  The definitions of in Section 1.1 
of the Credit Agreement are hereby amended and restated in their entirety to
hereafter be and read as follows:

 

“Applicable Commitment Fee Percentage”
shall mean with respect to any Loan on any date of determination, the
applicable rate per annum for the corresponding rating of the Company’s
corporate family ratings, and determined in accordance with the following grid:

 

1

 

	
  Moody’s and S&P

  	
   

  	
  Percentage 

  (Per Annum)

  	
   

  
	
  BBB+ or Baa1

  	
   

  	
  0.115

  	
  %

  
	
  BBB or Baa2

  	
   

  	
  0.15

  	
  %

  
	
  BBB- and Baa3

  	
   

  	
  0.175

  	
  %

  
	
  BBB- or Baa3

  	
   

  	
  0.20

  	
  %

  
	
  BB+ and Ba1

  	
   

  	
  0.225

  	
  %

  
	
  BB+ or Ba1

  	
   

  	
  0.25

  	
  %

  
	
  BB and Ba2

  	
   

  	
  0.275

  	
  %

  
	
  BB or Ba2

  	
   

  	
  0.325

  	
  %

  
	
  Otherwise

  	
   

  	
  0.375

  	
  %

  

 

For purposes of determining
the Applicable Commitment Fee Percentage in the case of split ratings, where
applicable, (i) in the event of a single category split in ratings, the higher
of the two ratings shall apply, (ii) in the event of a two-category split
in ratings, the rating that is in the middle of the two ratings shall apply and
(iii) in the event that there is more than a two-category split in
ratings, the rating that is one category above the lower rating will apply.

 

“Applicable Margin” shall mean with
respect to any Loan on any date of determination, the applicable rate per annum
for the corresponding rating of the Company’s corporate family ratings, and
determined in accordance with the following grid:

 

	
  Moody’s and S&P

  	
   

  	
  LIBOR Margin

   (Per Annum)

  	
   

  	
  ABR Margin

   (Per Annum)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BBB+ or Baa1

  	
   

  	
  0.50

  	
  %

  	
  0.00

  	
  %

  
	
  BBB or Baa2

  	
   

  	
  0.625

  	
  %

  	
  0.00

  	
  %

  
	
  BBB- and Baa3

  	
   

  	
  0.75

  	
  %

  	
  0.00

  	
  %

  
	
  BBB- or Baa3

  	
   

  	
  1.00

  	
  %

  	
  0.00

  	
  %

  
	
  BB+ and Ba1

  	
   

  	
  1.125

  	
  %

  	
  0.125

  	
  %

  

 

2

 

	
  Moody’s and S&P

  	
   

  	
  LIBOR Margin

   (Per Annum)

  	
   

  	
  ABR Margin

   (Per Annum)

  	
   

  
	
  BB+ or Ba1

  	
   

  	
  1.375

  	
  %

  	
  0.375

  	
  %

  
	
  BB and Ba2

  	
   

  	
  1.50

  	
  %

  	
  0.50

  	
  %

  
	
  BB or Ba2

  	
   

  	
  1.625

  	
  %

  	
  0.625

  	
  %

  
	
  Otherwise

  	
   

  	
  1.875

  	
  %

  	
  0.875

  	
  %

  

 

For purposes of determining the Applicable Margin in
the case of split ratings, where applicable, (i) in the event of a single
category split in ratings, the higher of the two ratings shall apply, (ii) in
the event of a two-category split in ratings, the rating that is in the middle
of the two ratings shall apply and (iii) in the event that there is more
than a two-category split in ratings, the rating that is one category above the
lower rating will apply.

 

Section 3.     Modification of Investment
Limitation.   Section 6.7(g) of
the Credit Agreement is hereby amended and restated in its entirety to
hereafter be and read as follows:

 

(g)           so long as no Default has occurred and is
then continuing or would result therefrom, Investments in (including, without
limitation, loans to) any Person which is not a Subsidiary of the Company or of
any of the Company’s Subsidiaries, provided, that
the aggregate face amount of all of such Investments does not exceed at any
time five percent (5%) of Consolidated Net Worth.

 

Section 4.     Representations and Warranties.  The Company represents and warrants to the
Agent and the Lenders that the representations and warranties contained in Section 4
of the Credit Agreement and in all of the other Loan Documents are true and
correct in all material respects on and as of the effective date hereof as
though made on and as of such effective date. 
The Company hereby certifies that no event has occurred and is
continuing which constitutes a Default or an Event of Default under the Credit
Agreement or which, upon the giving of notice or the lapse of time, or both,
would constitute a Default or an Event of Default.  Additionally, the Company hereby represents
and warrants to the Agent and the Lenders that the resolutions or
authorizations of the Board of Directors (or other governing parties) of the
Company and its Subsidiaries which are set out in the following described
Secretary’s Certificates or Authorizations remain in full force and effect as
of the effective date hereof and have not been modified, amended, superseded or
revoked:

 

(a)           That certain
Secretary’s Certificate dated on or about August 28, 2007, executed and
delivered to the Agent by the Secretary of Whole Foods Market, Inc.; and

 

(b)           Those certain
Secretary’s Certificates dated on or after August 28, 2007, executed and
delivered to the Agent by the Secretary or Assistant Secretary of each of the
Subsidiaries of the Company executing the Joinder of Guarantor Subsidiaries
which is set forth below in this Amendment.

 

3

 

Section 4.  Limitations.  The amendments set forth herein are limited
precisely as written and shall not be deemed to (a) be a consent to, or
waiver or modification of, any other term or condition of the Credit Agreement
or any of the other Loan Documents, or (b) except as expressly set forth
herein, prejudice any right or rights which the Lenders may now have or may
have in the future under or in connection with the Credit Agreement, the Loan
Documents or any of the other documents referred to therein.  Except as expressly modified hereby or by
express written amendments thereof, the terms and provisions of the Credit
Agreement, the Notes and any other Loan Documents or any other documents or instruments
executed in connection with any of the foregoing are and shall remain in full
force and effect.  In the event of a
conflict between this Amendment and any of the foregoing documents, the terms
of this Amendment shall be controlling.

 

Section 5.  Payment of Expenses.  The Company agrees, whether or not the
transactions hereby contemplated shall be consummated, to reimburse and save
the Agent and each of the Lenders harmless from and against liability for the
payment of all reasonable substantiated out-of-pocket costs and expenses arising
in connection with the preparation, execution, delivery, amendment,
modification, waiver and enforcement of, or the preservation of any rights
under this Amendment, including, without limitation, the reasonable fees and
expenses of counsel for the Agent and other charges which may be payable in
respect of, or in respect of any modification of, the Credit Agreement and the
Loan Documents.  The provisions of this Section shall
survive the termination of the Credit Agreement and the repayment of the Loans.

 

Section 6.  Descriptive Headings, etc.  The descriptive headings of the several
Sections of this Amendment are inserted for convenience only and shall not be
deemed to affect the meaning or construction of any of the provisions hereof.

 

Section 7.  Entire Agreement.  This Amendment and the documents referred to
herein represent the entire understanding of the parties hereto regarding the
subject matter hereof and supersede all prior and contemporaneous oral and
written agreements of the parties hereto with respect to the subject matter
hereof, including, without limitation, any commitment letters regarding the
transactions contemplated by this Amendment.

 

Section 8.  Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties on separate counterparts and all of
such counterparts shall together constitute one and the same instrument.  Complete sets of counterparts shall be lodged
with the Company and the Agent.

 

Section 9.    References to Credit Agreement.  As used in the Credit Agreement (including
all Exhibits thereto) and all other Loan Documents, on and subsequent to the
effective date hereof, the term “Agreement” shall mean the Credit Agreement, as
amended by this Amendment.

 

Section 10.    Jurisdiction; Governing Law; Etc.

 

(a)               Each
of the parties hereto hereby irrevocably and unconditionally submits, for
itself and its property, to the nonexclusive jurisdiction of any New York State
court or Federal court of the United States of America sitting in New York
City, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Amendment or any 

 

4

 

of the other Loan
Documents to which it is a party, or for recognition or enforcement of any
judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard
and determined in any such New York State court or, to the fullest extent
permitted by law, in such Federal court. 
Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by
law.  Nothing in this Amendment shall
affect any right that any party may otherwise have to bring any action or
proceeding relating to this Amendment or any of the other Loan Documents in the
courts of any jurisdiction.

 

(b)           EACH OF THE PARTIES
HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY
AND EFFECTIVELY DO SO, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO
THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS TO WHICH IT IS A
PARTY IN ANY NEW YORK STATE OR FEDERAL COURT. 
EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE
OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

 

(c)           THIS AMENDMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

 

(d)           EACH OF THE COMPANY,
THE AGENT AND THE LENDERS IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR
OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS
OR THE ACTIONS OF THE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT THEREOF.

 

[Remainder
of page left intentionally blank]

 

5

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered by
their respective duly authorized offices as of the date first above written.

 

 

	
   

  	
  WHOLE FOODS MARKET,
  INC.

  
	
   

  	
  a Texas corporation, as
  Borrower

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Glenda Chamberlain

  
	
   

  	
   

  	
  Executive Vice
  President

  

 

 

	
   

  	
  JPMORGAN CHASE BANK,
  N.A.,

  
	
   

  	
  as Agent and as a
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
   

  	
  ROYAL BANK OF CANADA,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
   

  	
  WELLS FARGO BANK, N.A,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
   

  	
  LASALLE BANK MIDWEST
  NATIONAL

  
	
   

  	
  ASSOCIATION, as a
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
   

  	
  WACHOVIA BANK, NATIONAL ASSOCIATION,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
   

  	
  FORTIS CAPITAL,

  
	
   

  	
  as a Lender

  

 

 

	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
					

 

 

	
   

  	
  US BANK, N.A.,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

 

JOINDER OF
GUARANTOR SUBSIDIARIES

 

The undersigned
Guarantors (a) acknowledge and consent to the execution of the foregoing
Amendment, (b) confirm that the Guaranties and Security Agreements, if
any, previously executed or joined in by each of the undersigned Guarantors
apply and shall continue to apply to all Indebtedness evidenced by or arising
pursuant to the Credit Agreement or any other Loan Documents, notwithstanding
the execution and delivery of this Amendment by the Company, the Agent and each
of the Lenders, and (c) acknowledge that without this consent and
confirmation, the Banks and the Agent would not agree to the modifications of
the Credit Agreement which are evidenced by the foregoing Amendment.

 

 

	
  [*CONFIDENTIAL*]

  
	
  WFM GIFT CARD, LLC,

  
	
  a Virginia limited
  liability company

  
	
   

  
	
  [*CONFIDENTIAL*]

  
	
  WFM PROPERTIES
  SCOTTSDALE, LLC,

  
	
  a Delaware limited
  liability company

  
	
  WFM PURCHASING
  MANAGEMENT, INC.,

  
	
  a Delaware corporation

  
	
  WFM SELECT FISH, INC.,

  
	
  a Delaware corporation

  
	
  WHOLE FOODS MARKET BRAND
  365, LLC,

  
	
  a California limited
  liability company

  
	
  WHOLE FOODS MARKET
  FINANCE, INC.,

  
	
  a Delaware corporation

  
	
  WHOLE FOODS MARKET
  PROCUREMENT, INC.,

  
	
  a Delaware corporation

  
	
  WHOLE FOODS MARKET
  SERVICES, INC.,

  
	
  a Delaware corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Glenda Chamberlain,
  President

  	
   

  

 

 

	
  ALLEGRO COFFEE COMPANY,

  
	
  a Colorado corporation

  
	
  THE SOURDOUGH, A
  EUROPEAN BAKERY, INC.,

  
	
  a Texas corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Glenda
  Chamberlain, Vice President

  	
   

  

 

[*CONFIDENTIAL*]

 

 

	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Glenda
  Chamberlain, President

  

 

	
   

  	
   

  	
  WFM PRIVATE LABEL,
  L.P.,

  
	
   

  	
   

  	
  a Delaware limited
  partnership

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  WFM Private Label Management, Inc., a Delaware

  
	
   

  	
   

  	
   

  	
  corporation, General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Glenda
  Chamberlain, President

  

 

 

	
   

  	
   

  	
  WFM PURCHASING, L.P.,

  
	
   

  	
   

  	
  a Delaware limited partnership

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  WFM Purchasing Management, Inc., a Delaware

  
	
   

  	
   

  	
   

  	
  corporation, General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Glenda
  Chamberlain, President

  

 

 

NATURE’S
HEARTLAND, INC.,

a
Massachusetts corporation

WFM
BEVERAGE CORP.,

a
Texas corporation

WFM
BEVERAGE HOLDING COMPANY,

a
Texas corporation

WFM IP
MANAGEMENT, INC.,

a
Delaware corporation

WHOLE
FOODS MARKET GROUP, INC.,

a
Delaware corporation

WHOLE FOODS MARKET ROCKY
MOUNTAIN/ 

SOUTHWEST I, INC., a
Delaware corporation

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,
  President

  	
   

  

 

 

MRS.
GOOCH’S NATURAL FOOD MARKETS, INC.,

a
California corporation

WFM
HAWAII, INC.,

a
Hawaii corporation

[*CONFIDENTIAL*]

WFM
NORTHERN NEVADA, INC.,

a
Delaware corporation

WHOLE
FOOD COMPANY,

a
Louisiana corporation

WHOLE
FOODS MARKET CALIFORNIA, INC.,

a
California corporation

WHOLE FOODS MARKET
PACIFIC NORTHWEST, INC., a

Delaware corporation

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,
  Vice President

  	
   

  

 

 

	
   

  	
   

  	
  WHOLE FOODS MARKET IP,
  L.P.,

  
	
   

  	
   

  	
  a Delaware limited
  partnership

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  WFM IP
  Management, Inc., a Delaware corporation,

  General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Roberta Lang,
  President

  
						

 

 

	
   

  	
   

  	
  WFM COBB PROPERTY
  INVESTMENTS, LLC,

  
	
   

  	
   

  	
  a Delaware limited
  liability company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  WHOLE FOODS MARKET
  GROUP, INC., a

  
	
   

  	
   

  	
   

  	
  Delaware corporation,
  sole Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Roberta Lang,
  President

  

 

 

	
   

  	
   

  	
  WHOLE FOODS MARKET ROCKY MOUNTAIN/

  
	
   

  	
   

  	
  SOUTHWEST, L.P., a Texas corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  WHOLE FOODS MARKET
  ROCKY

  
	
   

  	
   

  	
   

  	
  MOUNTAIN/SOUTHWEST I,
  INC., a Delaware

  
	
   

  	
   

  	
   

  	
  corporation, General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Roberta Lang, President

  

 

	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WHOLE FOODS MARKET
  DISTRIBUTION, INC.,

  a Delaware corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Lee Valkenaar,
  President

  
						

 

 

WFM IP
INVESTMENTS, INC.,

a
Delaware corporation

WFM
PROCUREMENT INVESTMENTS, INC.,

a
Delaware corporation

[*CONFIDENTIAL*]

WHOLE
FOODS MARKET SOUTHWEST INVESTMENTS, 

INC.,

a
Delaware corporation

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Patrick Bradley,
  President

  	
   

  
	
   

  
	
   

  
	
  WFM SOUTHERN NEVADA,
  INC.,

  
	
  a Delaware corporation

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Patrick Bradley,
  Vice President

  	
   

  
	
   

  
	
   

  
	
  WILD OATS MARKETS,
  INC., a Delaware corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,              President

  	
   

  

 

 

	
  WILD OATS MARKETS
  CANADA, INC., a British Columbia

  
	
  corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,              President

  	
   

  

 

 

	
  WILD OATS FINANCIAL,
  INC., a Nevada corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,              President

  	
   

  
	
   

  
	
   

  
	
  WILD MARKS, INC., a
  Nevada corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,              President

  	
   

  
	
   

  
	
   

  
	
  SPARKY, INC., a Nevada
  corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,              President

  	
   

  
	
   

  
	
   

  
	
  WILD OATS OF
  MASSACHUSETTS, INC., a Massachusetts

  corporation

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Roberta Lang,              PresidentExhibit 10.2

 

AMENDMENT
NO. ONE TO THE

WHOLE FOODS MARKET

2007 STOCK INCENTIVE PLAN

 

Pursuant to the authority of the Board of Directors of
Whole Foods Market, Inc., and the provisions of Section 13.1 thereof,
the Whole Foods Market 2007 Stock Incentive Plan (the “Plan”) is hereby amended
in the following respect only, effective as of the Effective Date set forth in
the Plan:

 

Article VI, Subsection 6.5(f), is hereby amended
in its entirety, to read as follows:

 

“(f)          Discretion of
Plan Administrator.  The Plan
Administrator shall have the sole discretion, exercisable at any time, to
extend the time during which a Stock Option is to remain exercisable following
Participant’s Termination Date from the period otherwise in effect for that
Stock Option and set forth in the Award Agreement to such greater period of
time as the Plan Administrator shall deem appropriate; provided, however, that
the period in which the Stock Option is exercisable shall not be extended to a
date beyond the later of: (i) the last day of the Award Term and (ii) thirty
(30) days following the date on which the exercise of the Stock Option would no
longer violate applicable securities laws. 
If the Plan Administrator extends the time during which an Incentive
Stock Option will remain exercisable, then such extension shall be treated as
the grant of a new Option as of the date of the extension.”

 

IN WITNESS WHEREOF, and as conclusive evidence of the
adoption of the foregoing instrument comprising Amendment No. One to the
Whole Foods Market 2007 Stock Incentive Plan, Whole Foods Market, Inc. has
caused these presents to be duly executed in its name and on its behalf this
             day of
                                  ,
2008.

 

 

	
   

  	
  WHOLE FOODS MARKET, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]