hares of capital stock or by resolution of our board of directors. Under the Stockholders' Agreement, Albertsons Investor, or any Holder (other than Kimco Realty), will have the following board representation rights: from the date on which Albertsons Companies, Inc. is no longer a controlled company under the

have the right to designate one individual to our board of directors who satisfies the Director Requirements. For so long as any Sponsor (other than Kimco Realty) indirectly beneficially owns at least 10% of our then-outstanding common stock, but does not have a representative (whether an Albertsons Investor

completion of this offering (other than (a) Cerberus; (b) Lubert-Adler Real Estate Fund V, L.P.; (c) Klaff Realty; (d) Schottenstein Stores and (e) Kimco Realty, and their affiliates, related funds and managed accounts (the "Equity Investors") owning more than 50% of the equity interests of Albertson's Holdi