quisition, the 3rd A&R AB LLC Agreement was amended and restated. Pursuant to the fourth amended and restated limited liability company agreement of AB Acquisition LLC (the "4th A&R AB LLC Agreement"), we paid the Cerberus-led Consortium the remaining $9 million in annual management fees provided for by the 3rd A&

re corporation on June 23, 2015. Pursuant to a planned reorganization and initial public offering, the Company will become a holding corporation for AB Acquisition LLC, and its subsidiaries, Albertson's Holdings LLC and NAI Holdings LLC. Note 2—Summary of Significant Accounting Policies Basis of Accounting—The ba

SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim Condensed Consolidated Financial Statements include the accounts of AB Acquisition LLC and Subsidiaries (the "Company"). All significant intercompany balances and transactions were eliminated. The Condensed Consolidated Balance Sheet

T REGISTERED PUBLIC ACCOUNTING FIRM To the Management Board of AB Acquisition LLC: We have audited the accompanying consolidated balance sheets of AB Acquisition LLC and its subsidiaries (the "Company") as of February 28, 2015 and February 20, 2014, and the related consolidated statements of operations and compre

e Company also has a 49% ownership in Casa Ley, S.A. de C.V. ("Casa Ley"), which operates 206 food and general merchandise stores in Western Mexico. AB Acquisition LLC has no separate assets or liabilities other than the investments in its subsidiaries and all its business operations are conducted through its opera

y and among New PJbertson's, Inc. and Bank of America, N.A. 10.6' Casa Ley Contingent Value Rights Agreement, dated January 30, 2015, by and among AB Acquisition LLC, Safeway Inc., the Shareholder Representative, as defined therein, and Computershare Inc. and Computershare Trust Company, N.A., as Rights Agent 1