Amendment No. 3 to Form S-1 Table of Contents Letter of Credit Facility Agreement On March 23, 2013, NAI and Bank of America, N.A., entered into a Letter of Credit Facility Agreement, as amended and restated as of January 24, 2014 (the "Letter of Credit Facility Agreement"), which provides for the issuance of standby letters of credit in an aggregate undrawn face amount at any time outstanding not to exceed $125 million (the "LC Facility"). The LC Facility expires on January 24, 2019. As of June 20, 2015, no letters of credit were outstanding under the LC Facility. NAI Indenture NAI (as successor to Albertson's, Inc.) is party to an indenture, dated as of May 1, 1992 with U.S. Bank Trust National Association (as successor to Morgan Guaranty Trust Company of New York) (as supplemented by Supplemental Indenture No. 1, dated as of May 7, 2004; Supplemental Indenture No. 2, dated as of June 1, 2006; and Supplemental Indenture No. 3, dated as of December 29, 2008; collectively, the "NAI Indenture"), under which NAI has the following outstanding issues of notes: a) $301,000,000 6.47% to 7.15% Medium-Term Notes, due July 2017—June 2028 (the "NAI Medium-Term Notes") b) $200,000,000 of 7.75% Debentures due June 2026 (the "2026 NAI Notes"); c) $650,000,000 of 7.45% Senior Debentures due August 2029 (the '2029 NAI Notes"); d) $225,000,000 of 8.70% Senior Debentures due May 2030 (the '2030 NAI Notes"); and e) $400,000,000 of 8.00% Senior Debentures due May 2031 (the '2031 NAI Notes"). The NAI Medium-Term Notes, 2026 NAI Notes, 2029 NAI Notes, 2030 NAI Notes and 2031 NAI Notes are collectively referred to as the "NAI Notes." Interest. Interest on the NAI Notes is payable semiannually. Guarantees. The NAI Notes are not guaranteed. Security. The NAI Notes are unsecured. Optional Redemption. The NAI Medium-Term Notes and the 2026 NAI Notes are not redeemable or repayable prior to maturity. The 2029 NAI Notes, 2030 NAI Notes, and 2031 NAI Notes are redeemable