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Exhibit 14
SECOND EXTENSION AGREEMENT
This Second Extension Agreement (this "Agreement") is made as of
August 26, 1998 by and among Albertson's, Inc., a Delaware corporation
("Acquiror"), Locomotive Acquisition Corp., a Delaware corporation and
wholly owned subsidiary of Acquiror ("Newco"), and FS Equity Partners II,
L.P., a California limited partnership (the Stockholder), in connection
with that certain Tender and Option Agreement, dated as of January 19,
1998, among Acquiror, Newco and the Stockholder (the "T&O Agreement").
RECITALS
WHEREAS, Acquiror, Newco and the Stockholder constitute all of
the parties to the T&O Agreement;
WHEREAS, the parties hereto have entered into an Extension
Agreement, dated as of July 15, 1998, extending the term of the T&O
Agreement (the "Prior Extension Agreement"); and
WHEREAS, the parties hereto desire to enter into this Agreement
to extend further the term of the T&O Agreement.
NOW, THEREFORE, in consideration of the foregoing premises and
the mutual covenants and agreements set forth herein, and intending to be
legally bound hereby, the parties hereto hereby agree as follows:
1. Definitions. Capitalized terms used and not otherwise
defined herein shall have the respective meanings assigned to such terms in
the Merger Agreement.
2. Termination Date. The date "July 19, 1998" referred to in
Section 9(c) of the T&O Agreement is hereby amended and changed to
"September 30, 1998."
3. Deletion and Renumbering. Section 10 of the T&O Agreement is
hereby deleted in its entirety. Sections subsequent to Section 10 of the
T&O agreement shall not be renumbered.
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4. Effect on Prior Agreement. Except as set forth above, all
provisions of the T&O Agreement shall remain in full force or effect.
5. Effect on Prior Extension Agreement. Upon the execution of
this Agreement by all of the parties hereto, the Prior Extension Agreement
shall be of no further force or effect.
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement
to be executed and delivered by their duly authorized representatives as of
the day and year first above written.
ACQUIROR:
ALBERTSON'S, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Executive Vice President
NEWCO:
LOCOMOTIVE ACQUISITION CORP.
By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx
Title: Vice President
STOCKHOLDER:
FS EQUITY PARTNERS II, L.P.
By: Xxxxxxx Xxxxxx & Co.
Its: General Partner
By: /s/ Xxxxx X. Xxxxxxx
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Name: J. Xxxxxxxxx Xxxxxxx
Title: General Partner
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