REGISTRATION RIGHTS AGREEMENT dated as of December 8, 2011 by and among WAL- MART STORES, INC., WALTON ENTERPRISES, LLC, each SELLING SHAREHOLDER and the SELLING SHAREHOLDER AGENTRegistration Rights Agreement • December 8th, 2011 • Wal Mart Stores Inc • Retail-variety stores • Delaware
This Registration Rights Agreement, dated as of December 8, 2011 (this “Agreement”), is made by and among Wal-Mart Stores, Inc., a Delaware corporation (the “Company”), Walton Enterprises, LLC, a Delaware limited liability company (the “Shareholder”), each Selling Shareholder that agrees to be bound by the terms and conditions of this Agreement (as evidenced by such Selling Shareholder executing and delivering to the Company an Acknowledgement) and, for the limited purposes set forth herein, the Selling Shareholder Agent upon its agreement to be bound by the terms and conditions of this Agreement. Capitalized terms used in this Agreement and certain other terms used in this Agreement shall have the meanings ascribed to such terms in Annex A hereto, and this Agreement shall be subject to the principles of interpretation set forth in Annex A hereto.
