{"id":41184,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/note-safeway-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"note-safeway-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/finance\/note-safeway-inc.html","title":{"rendered":"Note &#8211; Safeway Inc."},"content":{"rendered":"<p><strong>THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE<br \/>\nINDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE<br \/>\nDEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE &#8220;DEPOSITARY&#8221;), OR A<br \/>\nNOMINEE THEREOF. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE<br \/>\nNAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED<br \/>\nCIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A<br \/>\nWHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE<br \/>\nDEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE<br \/>\nDEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH<br \/>\nSUCCESSOR DEPOSITARY. <\/strong><\/p>\n<p><strong>UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE<br \/>\nOF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,<br \/>\nEXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF<br \/>\nCEDE &amp; CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED<br \/>\nREPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE &amp; CO. OR<br \/>\nTO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE<br \/>\nDEPOSITARY), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY<br \/>\nOR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE &amp;<br \/>\nCO., HAS AN INTEREST HEREIN. <\/strong><\/p>\n<p align=\"center\"><strong>SAFEWAY INC. <\/strong><\/p>\n<p align=\"center\">3.400% Note Due 2016<\/p>\n<p align=\"right\">$400,000,000<\/p>\n<p align=\"right\">CUSIP No. 786514BT5<\/p>\n<p>SAFEWAY INC., a Delaware corporation (the &#8220;Company&#8221;, which term includes any<br \/>\nsuccessor corporation under the Indenture hereinafter referred to), for value<br \/>\nreceived promises to pay to<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"34%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"32%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"32%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"top\">\n<p align=\"center\"><strong>CEDE &amp; CO.<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"top\">\n<p align=\"right\">, or registered assigns,<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>the principal sum of<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"top\">\n<p align=\"center\"><strong>FOUR HUNDRED MILLION<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"top\">\n<p align=\"right\">DOLLARS<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>on December 1, 2016, and to pay interest thereon from December 5, 2011, or<br \/>\nthe most recent interest payment date to which interest has been paid or<br \/>\nprovided for, as the case may be, payable on June 1 and December 1 (each, an<br \/>\n&#8220;Interest Payment Date&#8221;), beginning June 1, 2012, at the rate of 3.400% per<br \/>\nannum, until the principal hereof is paid or made available for payment, and (to<br \/>\nthe extent that the payment of such interest is permitted by law) to pay<br \/>\ninterest at the rate per annum borne by this Security on any overdue principal<br \/>\nand on any overdue installment of interest until paid. If any Interest Payment<br \/>\nDate falls on a date that is not a Business Day, interest will be paid on the<br \/>\nnext succeeding Business Day. The interest so payable and punctually paid or<br \/>\nduly provided for on any Interest Payment Date will, except as otherwise<br \/>\nprovided in the Indenture, be paid to the person in whose name this Security (or<br \/>\none or more predecessor Securities) is registered at the close of business on<br \/>\nthe regular record date for such interest, which shall be the May 15 and<br \/>\nNovember 15, respectively (whether or not a Business Day), immediately preceding<br \/>\nsuch Interest Payment Date. Any such interest not so punctually paid or duly<br \/>\nprovided for will forthwith cease to be payable to the Holder on such regular<br \/>\nrecord date and may either<\/p>\n<hr>\n<p>be paid to the person in whose name this Security (or one or more predecessor<br \/>\nSecurities) is registered at the close of business on a special record date for<br \/>\nthe payment of such defaulted interest to be fixed by the Company, notice<br \/>\nwhereof shall be given to the Trustee and the Holders not less than 10 days<br \/>\nprior to such special record date, or be paid at any time in any other lawful<br \/>\nmanner. Interest on the Securities shall be computed on the basis of a 360-day<br \/>\nyear of twelve 30-day months.<\/p>\n<p>Principal of and interest on the Securities will be payable in such coin or<br \/>\ncurrency of the United States of America as at the time of payment is legal<br \/>\ntender for payment of public and private debts. The transfer of the Securities<br \/>\nwill be registrable, the Securities may be presented for exchange, and notices<br \/>\nand demands to or upon the Company in respect of this Security and the Indenture<br \/>\nmay be served, at the office or agency of the Company maintained for such<br \/>\npurpose (which initially will be The Bank of New York Mellon Trust Company, N.A.<br \/>\nat 700 South Flower Street, Suite 500, Los Angeles, CA 90017, Attention:<br \/>\nCorporate Trust Administration); provided that, unless all of the outstanding<br \/>\nSecurities are Global Securities, the Company will at all times maintain an<br \/>\noffice or agency for such purposes in Los Angeles, California; and provided,<br \/>\nfurther, that, except as provided in the next sentence, payment of interest may,<br \/>\nat the option of the Company, be made by check mailed to the address of the<br \/>\nperson entitled thereto. If this Security is a Global Security, the interest<br \/>\npayable on this Security will be paid to Cede &amp; Co., the nominee of the<br \/>\nDepositary, or its registered assigns as the registered owner of this Security,<br \/>\nby wire transfer of immediately available funds on each of the applicable<br \/>\nInterest Payment Dates.<\/p>\n<p>Reference is hereby made to the further provisions of this Security which<br \/>\nfurther provisions shall for all purposes have the same effect as if set forth<br \/>\nat this place.<\/p>\n<p>Unless the certificate of authentication hereon has been executed by the<br \/>\nTrustee by manual signature, this Security shall not be entitled to any benefit<br \/>\nunder the Indenture or be valid or obligatory for any purpose.<\/p>\n<hr>\n<p>IN WITNESS WHEREOF, the Company has caused this Security to be signed<br \/>\nmanually or by facsimile by its duly authorized officers.<\/p>\n<p>Date: December 5, 2011<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"51%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"48%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p><strong>SAFEWAY INC.<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>BY<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>BY<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>Bradley S. Fox<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>Robert A. Gordon<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>Vice President and Treasurer<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>Senior Vice President, Secretary and<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>Counsel<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>TRUSTEE153S CERTIFICATE<\/p>\n<p>OF AUTHENTICATION<\/p>\n<p>This is one of the 3.400% Notes Due 2016<\/p>\n<p>described in the<\/p>\n<p>within-mentioned Indenture.<\/p>\n<table style=\"width: 40%; border-collapse: collapse;\" width=\"40%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"100%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p><strong>THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>BY<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>AUTHORIZED SIGNATORY<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr>\n<p align=\"center\"><strong>SAFEWAY INC. <\/strong><\/p>\n<p align=\"center\">3.400% Note Due 2016<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>1.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>General<\/em>.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This Security is one of a duly authorized series of securities of the Company<br \/>\nissued and to be issued under an Indenture, dated as of September 10, 1997, as<br \/>\namended, modified or supplemented from time to time (the &#8220;Indenture&#8221;), between<br \/>\nthe Company and The Bank of New York Mellon Trust Company, N.A., formerly known<br \/>\nas The Bank of New York Trust Company, N.A., as successor to The Bank of New<br \/>\nYork, as Trustee (the &#8220;Trustee&#8221;, which term includes any successor trustee under<br \/>\nthe Indenture), to which Indenture and all indentures supplemental thereto<br \/>\nreference is hereby made for a statement of the respective rights, limitations<br \/>\nof rights, duties and immunities thereunder of the Company, the Trustee and the<br \/>\nHolders of the Securities, and of the terms upon which the Securities are, and<br \/>\nare to be, authenticated and delivered. This Security is one of the series<br \/>\ndesignated on the face hereof, originally issued in $400,000,000 aggregate<br \/>\nprincipal amount, subject to increase in accordance with the Indenture (herein<br \/>\ncalled the &#8220;Securities&#8221;). All terms used but not defined in this Security shall<br \/>\nhave the meanings assigned to them in the Indenture.<\/p>\n<p>No reference herein to the Indenture and no provision of this Security or of<br \/>\nthe Indenture shall alter or impair the obligation of the Company, which is<br \/>\nabsolute and unconditional, to pay principal of and interest on this Security at<br \/>\nthe times, places and rate, and in the coin or currency, herein prescribed.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>2.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Indenture.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The terms of the Securities include those stated in the Indenture and those<br \/>\nmade part of the Indenture by the Officers153 Certificate dated December 5, 2011<br \/>\ndelivered pursuant thereto and the TIA. The Securities are subject to all such<br \/>\nterms, and the Securityholders are referred to the Indenture and said Act for a<br \/>\nstatement of them.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>3.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Sinking Fund<\/em>.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Securities are not subject to any sinking fund.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>4.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Optional Redemption.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Securities are redeemable in whole or in part at the option of the<br \/>\nCompany at any time and from time to time at a redemption price equal to the<br \/>\ngreater of (i) 100% of the principal amount of the Securities to be redeemed; or<br \/>\n(ii) the sum of the present values of the remaining scheduled payments of<br \/>\nprincipal and interest on the Securities to be redeemed (exclusive of interest<br \/>\naccrued to the date of redemption) discounted to the date of redemption on a<br \/>\nsemiannual basis (assuming a 360-day year consisting of twelve 30-day months) at<br \/>\nthe then current Treasury Rate plus 40 basis points. In each case the Company<br \/>\nwill pay accrued and unpaid interest on the principal amount being redeemed to<br \/>\nthe date of redemption.<\/p>\n<p>&#8220;Comparable Treasury Issue&#8221; means, with respect to any redemption date, the<br \/>\nUnited States Treasury security selected by an Independent Investment Banker as<br \/>\nhaving a maturity comparable to the remaining term of the Securities that would<br \/>\nbe utilized, at the time of selection and in accordance with customary financial<br \/>\npractice, in pricing new issues of corporate debt securities of comparable<br \/>\nmaturity to the remaining term of the Securities.<\/p>\n<p>&#8220;Comparable Treasury Price&#8221; means, with respect to any redemption date, (1)<br \/>\nthe average of the Reference Treasury Dealer Quotations for such redemption<br \/>\ndate, after excluding the highest and lowest Reference Treasury Dealer<br \/>\nQuotations, or (2) if the Trustee obtains fewer than four such Reference<br \/>\nTreasury Dealer Quotations, the average of all such quotations.<\/p>\n<p>&#8220;Independent Investment Banker&#8221; means one of the Reference Treasury Dealers<br \/>\nthat the Company appoints to act as the Independent Investment Banker from time<br \/>\nto time.<\/p>\n<hr>\n<p>&#8220;Reference Treasury Dealer&#8221; means, with respect to any redemption date for<br \/>\nthe Securities, Goldman, Sachs &amp; Co., J.P. Morgan Securities LLC and Merrill<br \/>\nLynch, Pierce, Fenner &amp; Smith Incorporated and their respective successors,<br \/>\nand one other firm that is a primary U.S. Government securities dealer (each a<br \/>\n&#8220;Primary Treasury Dealer&#8221;) which the Company specifies from time to time;<br \/>\nprovided, however, that if any of them ceases to be a Primary Treasury Dealer,<br \/>\nthe Company will substitute another Primary Treasury Dealer.<\/p>\n<p>&#8220;Reference Treasury Dealer Quotations&#8221; means, with respect to each Reference<br \/>\nTreasury Dealer and any redemption date, the average, as determined by the<br \/>\nTrustee, of the bid and asked prices for the Comparable Treasury Issue<br \/>\n(expressed in each case as a percentage of its principal amount) quoted in<br \/>\nwriting to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York<br \/>\nCity time, on the third Business Day preceding such redemption date.<\/p>\n<p>&#8220;Treasury Rate&#8221; means, with respect to any redemption date, the rate per<br \/>\nannum equal to the semiannual equivalent yield to maturity of the Comparable<br \/>\nTreasury Issue, assuming a price for the Comparable Treasury Issue (expressed as<br \/>\na percentage of its principal amount) equal to the Comparable Treasury Price for<br \/>\nsuch redemption date. The Treasury Rate shall be calculated on the third<br \/>\nBusiness Day preceding the redemption date.<\/p>\n<p>Notice of any optional redemption of any Securities will be mailed at least<br \/>\n15 but not more than 60 days before the redemption date to each Holder of the<br \/>\nSecurities to be redeemed at its registered address. The notice of redemption<br \/>\nfor the Securities will state, among other things, the amount of Securities to<br \/>\nbe redeemed, the redemption date, the redemption price and the place or places<br \/>\nthat payment will be made upon presentation and surrender of Securities to be<br \/>\nredeemed. Unless the Company defaults in the payment of the redemption price,<br \/>\ninterest will cease to accrue on any Securities that have been called for<br \/>\nredemption at the redemption date.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>5.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Offer to Purchase Upon a Change of Control Triggering Event.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If a Change of Control Triggering Event occurs, unless the Company has<br \/>\nexercised its option to redeem the Securities pursuant to the terms of the<br \/>\nIndenture, each Holder of this Security will have the right to require the<br \/>\nCompany to repurchase all or any part (equal to $2,000 or an integral multiple<br \/>\nof $1,000 in excess thereof) of that Holder153s Securities pursuant to a Change of<br \/>\nControl Offer on the terms set forth in the Indenture.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>6.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Denominations; Transfer; Exchange.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This Security is issuable only in registered form without coupons in minimum<br \/>\ndenominations of U.S. $2,000 and integral multiples of $1,000 in excess thereof.\n<\/p>\n<p>As provided in the Indenture and subject to certain limitations therein and<br \/>\nherein set forth, the transfer, or the exchange for an equal principal amount,<br \/>\nof this Security is registrable with the Registrar upon surrender of this<br \/>\nSecurity for registration of transfer at the office or agency of the Registrar.\n<\/p>\n<p>No service charge shall be made for any such registration of transfer or<br \/>\nexchange, but the Company may, subject to certain exceptions, require payment of<br \/>\na sum sufficient to cover any tax or other governmental charge payable in<br \/>\nconnection therewith.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>7.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Persons Deemed Owners.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Prior to due presentment of this Security for registration of transfer, the<br \/>\nCompany, the Trustee and any agent of the Company or the Trustee may treat the<br \/>\nHolder in whose name this Security is registered as the owner thereof for all<br \/>\npurposes, whether or not this Security be overdue, and neither the Company, the<br \/>\nTrustee nor any such agent shall be affected by notice to the contrary.<\/p>\n<hr>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>8.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Unclaimed Money.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Trustee and any Paying Agent shall pay to the Company upon request any<br \/>\nmoney held by them for the payment of principal and interest that remains<br \/>\nunclaimed for two years. After that, Securityholders entitled to the money must<br \/>\nlook to the Company for payment as general creditors unless an applicable<br \/>\nabandoned property law designates another person.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>9.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Defeasance Prior to Maturity.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Indenture contains provisions for defeasance of (i) the entire<br \/>\nindebtedness of the Securities or (ii) certain covenants and Events of Default<br \/>\nwith respect to the Securities, in each case upon compliance with certain<br \/>\nconditions set forth therein.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>10.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Amendment; Supplement; Waiver.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Subject to certain limitations described in the Indenture, the Indenture<br \/>\npermits the Company and the Trustee to enter into a supplemental indenture with<br \/>\nthe written consent of the Holders of at least a majority in principal amount of<br \/>\nthe outstanding Securities (including consents obtained in connection with a<br \/>\ntender offer or exchange offer for the Securities), for the purpose of adding<br \/>\nany provisions to or changing in any manner or eliminating any of the provisions<br \/>\nof the Indenture or of any supplemental indenture or modifying in any manner the<br \/>\nrights of the Securityholders. Subject to certain limitations described in the<br \/>\nIndenture, the Holders of at least a majority in principal amount of the<br \/>\noutstanding Securities by notice to the Trustee (including consents obtained in<br \/>\nconnection with a tender offer or exchange offer for the Securities) may waive<br \/>\ncompliance by the Company with any provision of the Indenture or the Securities.<br \/>\nAny such consent or waiver by the Holder of this Security shall be conclusive<br \/>\nand binding upon such Holder and upon all future Holders of this Security and of<br \/>\nany Security issued upon the registration of transfer hereof or in exchange<br \/>\nherefor or in lieu hereof, whether or not notation of such consent or waiver is<br \/>\nmade upon this Security.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>11.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Restrictive Covenants.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Indenture imposes certain limitations on the Company153s and its<br \/>\nSubsidiaries153 ability to create or incur certain Liens on any of their<br \/>\nrespective properties or assets and to enter into certain sale and lease-back<br \/>\ntransactions and on the Company153s ability to engage in mergers or consolidations<br \/>\nor the conveyance, transfer or lease of all or substantially all of its<br \/>\nproperties and assets. These limitations are subject to a number of important<br \/>\nqualifications and exceptions and reference is made to the Indenture for a<br \/>\ndescription thereof.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>12.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Defaults and Remedies<\/em>.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If an Event of Default shall occur and be continuing, the principal of the<br \/>\nSecurities may be declared (or, in certain cases, shall <em>ipso facto<\/em><br \/>\nbecome) due and payable in the manner and with the effect provided in the<br \/>\nIndenture.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>13.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Proceedings.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>As provided in and subject to the provisions of the Indenture, the Holder of<br \/>\nthis Security shall not have the right to institute any proceeding, judicial or<br \/>\notherwise, with respect to the Indenture or for the appointment of a receiver or<br \/>\ntrustee, or for any other remedy under the Indenture, unless such Holder shall<br \/>\nhave previously given the Trustee written notice of a continuing Event of<br \/>\nDefault with respect to the Securities and unless also the Holders of at least a<br \/>\nmajority in principal amount of the Securities at the time outstanding shall<br \/>\nhave made written request, and offered reasonable indemnity, to the Trustee to<br \/>\ninstitute such proceedings as trustee, and the Trustee shall not have received<br \/>\nfrom the Holders of a majority in principal amount of Securities at the time<br \/>\noutstanding a direction inconsistent with such request, and shall have failed to<br \/>\ninstitute such proceeding, within 60 days. The foregoing shall not apply to any<br \/>\nsuit instituted by the Holder of this Security for the enforcement of any<br \/>\npayment of the principal hereof or any interest hereon on or after the<br \/>\nrespective due dates expressed herein.<\/p>\n<hr>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>14.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Trustee Dealings with Company.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Trustee under the Indenture, in its individual or any other capacity, may<br \/>\ndeal with the Company or an Affiliate of the Company with the same rights it<br \/>\nwould have if it were not Trustee.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>15.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>No Recourse Against Others.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A past, present or future director, officer, employee, shareholder or<br \/>\nincorporator, as such, of the Company or any successor corporation shall not<br \/>\nhave any liability for any obligations of the Company under this Security or the<br \/>\nIndenture or for any claim based on, in respect of, or by reason of such<br \/>\nobligations or their creation. Each Securityholder by accepting a Security<br \/>\nwaives and releases all such liability. The waiver and release are part of the<br \/>\nconsideration of issuance of the Securities.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\" valign=\"top\">\n<p>16.<\/p>\n<\/td>\n<td valign=\"top\">\n<p><em>Governing Law.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The internal laws of the State of New York shall govern the Indenture and the<br \/>\nSecurities.<\/p>\n<hr>\n<p align=\"center\"><strong>ABBREVIATIONS <\/strong><\/p>\n<p>The following abbreviations, when used in the inscription on the face of this<br \/>\nSecurity, shall be construed as though they were written out in full according<br \/>\nto applicable laws or regulations:<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"62%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"18%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"4%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"7%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"5%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>TEN COM &#8211; as tenants in common<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>UNIF GIFT MIN ACT &#8211;<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>Custodian<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>TEN ENT &#8211; as tenants by the entireties<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p align=\"center\">(Cust)<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p align=\"center\">(Minor)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>JT TEN &#8211; as joint tenants with right of survivorship and not as tenants in<br \/>\ncommon<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"3\" valign=\"bottom\">\n<p>under Uniform Gifts to Minors<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"3\" valign=\"bottom\">\n<p>Act<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"3\" valign=\"bottom\">\n<p>(State)<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Additional abbreviations may also be used though not in the above list.<\/p>\n<p align=\"center\"><strong>ASSIGNMENT <\/strong><\/p>\n<p><strong>FOR VALUE RECEIVED<\/strong>, the undersigned hereby sell(s),<br \/>\nassign(s) and transfer(s) unto<\/p>\n<table style=\"width: 40%; border-collapse: collapse;\" width=\"40%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"100%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>PLEASE INSERT SOCIAL SECURITY OR<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>OTHER<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p><u>IDENTIFYING NUMBER OF ASSIGNEE<\/u><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>| |<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"center\">(Please print or typewrite name and address including postal<br \/>\nzip code of assignee)<\/p>\n<p>this Security and all rights thereunder hereby irrevocably constituting and<br \/>\nappointing , Attorney, to transfer this Security on the books of the Trustee,<br \/>\nwith full power of substitution in the premises.<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"20%\"><\/td>\n<td width=\"5%\" valign=\"bottom\"><\/td>\n<td><\/td>\n<td width=\"5%\" valign=\"bottom\"><\/td>\n<td width=\"20%\"><\/td>\n<td width=\"5%\" valign=\"bottom\"><\/td>\n<td width=\"20%\"><\/td>\n<td width=\"5%\" valign=\"bottom\"><\/td>\n<td width=\"20%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>Dated:<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td colspan=\"3\" valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"33%\"><\/td>\n<td width=\"17%\" valign=\"bottom\"><\/td>\n<td><\/td>\n<td width=\"17%\" valign=\"bottom\"><\/td>\n<td width=\"33%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>Notice: The signature(s) on this Assignment must correspond with the name(s)<br \/>\nas written upon the face of this Security in every particular, without<br \/>\nalteration or enlargement or any change whatsoever.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr>\n<p align=\"center\"><strong>OPTION OF HOLDER TO ELECT PURCHASE <\/strong><\/p>\n<p>If you want to elect to have this Security purchased by the Company pursuant<br \/>\nto Section 4.9 of the Indenture, check the box below:<\/p>\n<p align=\"center\"> \u00a8<\/p>\n<p>If you want to elect to have only part of the Security purchased by the<br \/>\nCompany pursuant to Section 4.9 of the Indenture, state the amount you elect to<br \/>\nhave purchased: $<\/p>\n<table style=\"width: 100%; border-collapse: collapse;\" width=\"100%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"4%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"16%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"7%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"16%\"><\/td>\n<td width=\"1%\" valign=\"bottom\"><\/td>\n<td width=\"53%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>Date:<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>Your Signature:<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>(Sign exactly as your name appears on the face of this Note)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td colspan=\"2\"><\/td>\n<td colspan=\"2\"><\/td>\n<td colspan=\"2\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\">\n<p>Tax Identification No:<\/p>\n<\/td>\n<td valign=\"bottom\"><\/td>\n<td valign=\"bottom\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<table style=\"width: 40%; border-collapse: collapse;\" width=\"40%\" cellpadding=\"0\" class=\" \" border=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"100%\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\">\n<p><strong>SIGNATURE GUARANTEE<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\"><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>Participant in a Recognized Signature<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\">\n<p>Guarantee Medallion Program<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8740],"corporate_contracts_industries":[9499],"corporate_contracts_types":[9560,9568],"class_list":["post-41184","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-safeway-inc","corporate_contracts_industries-retail__food","corporate_contracts_types-finance","corporate_contracts_types-finance__note"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/41184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=41184"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=41184"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=41184"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=41184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}