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Exhibit 10.43  

ASCENT SOLAR TECHNOLOGIES, INC.  

 
  RESTRICTED STOCK AWARD AGREEMENT    
    

        This RESTRICTED STOCK AWARD AGREEMENT (the "Agreement") is made as of March 31, 2008 (the "Grant Date") between ASCENT SOLAR TECHNOLOGIES, INC. a
Delaware corporation (the "Company") and Gary Gatchell, a key employee of the Company (the "Employee"). 

Background Information  

        A.    The
Company has employed the Employee as the Chief Executive Officer of the Company pursuant to that certain Executive Employment Agreement dated as of March 31,
2008 by and between the Company and the Employee (the "Employment Agreement"). 

        B.    In
connection with the employment of the Employee and as inducement to the Employee to enter into the employ of the Company, the Company's Compensation Committee (the
"Committee") of the Board of Directors (the "Board") has made a grant of performance-based restricted stock to the Employee as of the Grant Date pursuant to the terms of this Agreement. 

        C.    The
Employee desires to accept the grant of performance-based restricted stock and agrees to be bound by the terms and conditions of this Agreement. In the event the
Employee fails to sign and return this Agreement to the Company within 90 days after this Agreement is presented to the Employee, the grant of performance-based restricted stock shall be
cancelled and this Agreement shall be null and void. 

Agreement  

        1.     Performance-Based Restricted Stock.    Subject to the terms and conditions provided in this Agreement, the
Company hereby grants the Employee forty thousand (40,000) shares of restricted, common stock of the Company (the "Restricted Stock") as of the Grant
Date. 

        2.     Performance-Based Vesting.    Except as otherwise provided in Section 3 and Section 4 of this
Agreement, the extent of the vesting of the Restricted Stock shall be based upon the vesting schedule set forth in Paragraph 3(c) of the Employment Agreement. 

        3.     Vesting Upon Change of Control.    All unvested Restricted Stock shall automatically vest upon a "Change of
Control" of the Company as such term is defined in Paragraph 3(c) of the Employment Agreement. 

        4.     Forfeiture.

        (a)   Upon Tenth Anniversary of the Grant Date.    Any shares of Restricted Stock not vested by the tenth
(10th) anniversary of the Effective Date (as defined in the Employment Agreement) of the Employment Agreement shall be forfeited and returned without consideration to or obligation by
the Company. 

        (b)   Termination of Employment.    Except in connection with a Change of Control pursuant to Section 3 above,
any shares of Restricted Stock not vested at the time of termination of the Employee's employment with the Company, whether for cause or without cause, shall be forfeited and returned without
consideration to or obligation by the Company. 

        (c)   Death.    Any shares of Restricted Stock not vested at the time of the Employee's death shall be forfeited and
returned without consideration to or obligation by the Company. 

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        (d)   Disability.    Any shares of Restricted Stock not vested at the time of the Employee's "permanent disability,"
as defined in Paragraph 5(c) of the Employment Agreement, shall be forfeited and returned without consideration to or obligation by the Company. 

        5.     Dividend Rights.    The Employee shall have a right to receive cash dividends, to the extent cash dividends are
declared by the Board of Directors of the Company, which are paid with respect to the Restricted Stock after the Grant Date. 

        6.     Rights as a Shareholder.    The Employee shall have a right to vote the Restricted Stock after the Grant Date
until the date on which the Employee's interest in such Restricted Stock has been forfeited in accordance with Section 4 of this Agreement. 

        7.     Restrictions on Transfer.    Until such time as any share of Restricted Stock becomes vested pursuant to
Section 2 or Section 3 above, the Employee shall not have the right to make or permit to occur any transfer, pledge or hypothecation of all or any portion of the Restricted Stock,
whether outright or as security, with or without consideration, voluntary or involuntary. Any transfer, pledge or hypothecation not made in accordance with this Agreement shall be deemed null and
void. 

        8.     Shares Held by Custodian.    The Employee hereby authorizes and directs the Company to deliver any share
certificate issued by the Company to evidence the award of Restricted Stock to the Secretary of the Company or such other officer of the Company as may be designated by the Committee (the "Share
Custodian") to be held by the Share Custodian until the Restricted Stock becomes vested in accordance with Section 2 or Section 3 above. When all or any portion of the Restricted Stock
becomes vested, the Share Custodian shall deliver to the Employee (or his beneficiary in the event of death) a certificate representing the vested Restricted Stock (which then will be unrestricted).
The Employee hereby irrevocably appoints the Share Custodian, and any successor thereto, as the true and lawful attorney-in-fact of the Employee with full power and authority
to execute any stock transfer power or other instrument necessary to transfer the Restricted Stock to the Company, or to transfer a portion of the Restricted Stock to the Employee on an unrestricted
basis upon vesting, pursuant to this Agreement, in the name, place, and stead of the Employee. The term of such appointment shall commence on the Grant Date and shall continue until all the Restricted
Stock becomes vested or is forfeited. During the period that the Share Custodian holds the shares of Restricted Stock subject to this Section, the Employee shall be entitled to all rights applicable
to shares of common stock of the Company not so held, including the right to vote and receive dividends, but provided, however, in the event the number of shares of Restricted Stock is increased or
reduced by changing par value, split-up, stock split, reverse stock split, reclassification, merger, reorganization, consolidation, or otherwise, and in the event of any distribution of
common stock or other securities of the Company in respect of such shares of common stock, the Employee agrees that any certificate representing shares of such additional common stock or other
securities of the Company issued as a result of any of the foregoing shall be delivered to the Share Custodian and shall be subject to all of the provisions of this Agreement as if initially received
hereunder. 

        9.     Tax Payment Upon Vesting.    At such time as the Employee becomes vested pursuant to Section 2 or
Section 3 above in all or any portion of the Restricted Stock, the Employee (or his/her personal representative) must satisfy his federal, state and local, if any, withholding taxes imposed by
reason of the vesting of the Restricted Stock. The Employee may satisfy this withholding obligation by paying to the Company the full amount of the withholding obligation in any of the following
manners: (a) in cash (including by wire transfer or by a personal check backed by sufficient funds); (b) by surrendering vested and nonforfeitable shares of common stock of the Company
with an aggregate fair market value on the date of vesting equal to total amount owed by the Employee; (c) in any other manner previously approved by the Board or the Committee; or
(d) through any combination of the foregoing. Failure to tender the required withholding taxes will result in a delay of the delivery of the Restricted Stock. 

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        10.   Investment Representations.    The Employee hereby represents, warrants, covenants, and agrees with the Company
as follows: 

        (a)   The
Restricted Stock being acquired by the Employee will be acquired for the Employee's own account without the participation of any other person, with the intent of
holding the Restricted Stock for investment and without the intent of participating, directly or indirectly, in a distribution of the Restricted Stock and not with a view to, or for resale in
connection with, any distribution of the
Restricted Stock, nor is the Employee aware of the existence of any distribution of the Restricted Stock; 

        (b)   The
Restricted Stock was not offered to the Employee by means of publicly disseminated advertisements or sales literature, nor is the Employee aware of any offers made
to other persons by such means; 

        (c)   The
Employee is able to bear the economic risks of the investment in the Restricted Stock, including the risk of a complete loss of his/her investment therein; 

        (d)   The
Restricted Stock cannot be offered for sale, sold or transferred by the Employee other than pursuant to: (A) an effective registration under the Securities
Act of 1933 (the "1933 Act") or in a transaction otherwise in compliance with the 1933 Act; and (B) evidence satisfactory to the Company of compliance with the applicable securities laws of
other jurisdictions. The Company shall be entitled to rely upon an opinion of counsel satisfactory to it with respect to compliance with the above laws; 

        (e)   The
Employee has, and has had, complete access to and the opportunity to review and make copies of all material documents related to the business of the Company,
including, but not limited to, contracts, financial statements, tax returns, leases, deeds, and other books and records. Employee has examined such of these documents as the Employee has wished and is
familiar with the business and affairs of the Company. The Employee realizes that the acquisition of the Restricted Stock is a speculative investment and that any possible profit therefrom is
uncertain; 

        (f)    The
Employee has had the opportunity to ask questions of and receive answers from the Company and any person acting on its behalf and to obtain all material information
reasonably available with respect to the Company and its affairs. The Employee has received all information and data with respect to the Company which the Employee has requested and which the Employee
has deemed relevant in connection with the evaluation of the merits and risks of the Employee's investment in the Company; 

        (g)   The
Employee has such knowledge and experience in financial and business matters that the Employee is capable of evaluating the merits and risks of the acquisition of
the Restricted Stock hereunder and the Employee is able to bear the economic risk of such acquisition; and 

        (h)   The
agreements, representations, warranties, and covenants made by the Employee herein extend to and apply to all of the Restricted Stock of the Company issued to the
Employee pursuant to this award. Acceptance by the Employee of the certificate representing such Restricted Stock shall constitute a confirmation by the Employee that all such agreements,
representations, warranties, and covenants made herein shall be true and correct at that time. 

        11.   No Effect on Employment.    Nothing in this Agreement shall confer upon the Employee the right to continue in
the employment of the Company or effect any right which the Company may have to terminate the employment of the Employee regardless of the effect of such termination of employment on the rights of the
Employee under this Agreement. 

        12.   Governing Laws.    This Agreement shall be construed and enforced in accordance with the local laws of the
State of Colorado applicable to agreements to be executed and performed wholly 

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within
said state, and shall inure to the benefit of, and be binding upon, the parties hereto and their heirs, personal representatives, successors and assigns. 

        13.   Successors.    This Agreement shall inure to the benefit of the heirs, legal representatives, successors and
permitted assigns of the Company and the Employee. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of
the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such
succession had taken place. 

        14.   Notice.    Any notice which either party hereto may be required or permitted to give to the other shall be in
writing, and may be delivered personally or by mail, postage prepaid, addressed as follows: to the Company (Attention: Chief Executive Officer), at Ascent Solar Technologies, Inc., 8120 Shaffer
Parkway, Littleton, CO 80127, or at any other address as the Company, by notice to the Employee, may designate in writing from time to time; to the Employee, at the Employee's address as shown on the
records of the Company, or at any other address as the Employee, by notice to the Company, may designate in writing from time to time. 

        15.   Assignment.    This Agreement and all rights under this Agreement will be binding upon and inure to the benefit
of and be enforceable by the parties hereto and their respective personal or legal representatives, executors, administrators, heirs, distributees, devisees, legatees, successors and assigns. This
Agreement is personal in nature, and neither of the parties to this Agreement will, without the written consent of the other, assign or transfer this Agreement or any right or obligation under this
Agreement to any other person or entity; except that the Company may assign this Agreement to any of its affiliates or wholly-owned subsidiaries, provided, that such assignment will not relieve the
Company of its obligations hereunder. 

        16.   Severability.    Whenever possible, each provision of this Agreement will be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction,
such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if
such invalid, illegal or unenforceable provision had never been contained herein. 

        17.   Entire Agreement; Modifications to Agreement.    This Agreement and the Employment Agreement expresses the
entire understanding and agreement of the parties hereto with respect to such terms, restrictions and limitations. The Committee may amend or terminate any (or all) of the provisions of this Agreement
at any time prior to the date on which any of the shares of Restricted Stock shall have vested with the Employee pursuant to the terms hereof. 

        18.   Headings.    Section headings used herein are for convenience of reference only and shall not be considered in
construing this Agreement. 

        19.   Specific Performance.    In the event of any actual or threatened default in, or breach of, any of the terms,
conditions and provisions of this Agreement, the party or parties who are thereby aggrieved shall have the right to specific performance and injunction in addition to any and all other rights and
remedies at law or in equity, and all such rights and remedies shall be cumulative. 

        20.   Resolution of Disputes.    Any determination or interpretation by the Committee shall be final, binding and
conclusive on all persons affected thereby. 

        21.   Counterparts.    This Agreement may be executed in one or more counterparts, none of which need contain the
signature of more than one party hereto, and each of which will be deemed to be an original, and all of which together will constitute a single agreement. 

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        22.   Compliance with Section 409A.    The parties agree to use good faith efforts to ensure that this
Agreement will be administered in a manner so as to comply with Section 409A of the Internal Revenue Code (the "Code") and to use good faith efforts to amend this Agreement when necessary to
avoid the additional tax under Section 409A of the Code. 

[Signatures
on Following Page] 

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        IN
WITNESS WHEREOF, the Company has executed this Agreement as of the Grant Date set forth above. 

	

 	
 	

ASCENT SOLAR TECHNOLOGIES, INC.
	

 	
 	

By:	
 	

/s/  MATTHEW B. FOSTER      

	 	 	Name:	 	Matthew B. Foster
	 	 	Title:	 	President & CEO
	

 	
 	

EMPLOYEE:
	

 	
 	

/s/  GARY GATCHELL      
 Gary Gatchell

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RESTRICTED STOCK AWARD AGREEMENTExhibit 4.27

 

EXECUTION COPY

 

SENIOR
INDEMNITY, SUBROGATION and CONTRIBUTION AGREEMENT dated as of June 27,
2001, as amended and restated as of May 28, 2003 (as amended, supplemented
or otherwise modified from time to time, this “Agreement”),
among RITE AID CORPORATION, a Delaware corporation (the “Borrower”), each subsidiary of the
Borrower listed on Schedule I hereto (collectively, the “Subsidiary Guarantors”), CITICORP NORTH
AMERICA, INC., a Delaware corporation (“CNAI’), as senior collateral
processing co-agent and JPMORGAN CHASE BANK, a New York banking corporation (“JPMCB”), as senior collateral processing
co-agent (each, in such capacity, a “Senior
Collateral Agent”, and collectively, the “Senior Collateral Agents”) for the Senior Secured Parties.

 

Reference is made to (a) the Senior
Credit Agreement dated as of June 27, 2001, as amended and restated as of May 28,
2003 (as amended, supplemented or otherwise modified from time to time, the “Senior Credit Agreement”), among the
Borrower, the lenders from time to time party thereto (the “Senior Lenders”), CNAI, as administrative
agent for the Senior Lenders and JPMCB, as syndication agent for the Senior
Lenders and (b) the Senior Subsidiary Guarantee Agreement dated as of June 27,
2001, as amended and restated as of May 28, 2003 (as amended, supplemented
or otherwise modified from time to time, the “Senior
Subsidiary Guarantee Agreement”) among the Subsidiary Guarantors and
the Senior Collateral Agents. Reference is also made to the Senior Indemnity,
Subrogation and Contribution Agreement dated as of June 27, 2001 (as
amended, supplemented or otherwise modified from time to time prior to the
Restatement Effective Date, the “Original
Senior Indemnity, Subrogation and Contribution Agreement”) among the
Borrower, each subsidiary of the Borrower listed on Schedule I thereto and
the subsidiaries of the Borrower that became parties thereto as provided in Section 12
thereof (collectively, the “Original
Subsidiary Guarantors”) and Citicorp USA, Inc., a Delaware
corporation, as senior collateral agent (in such capacity, the “Original Senior Collateral Agent”). The
Original Subsidiary Guarantors and the Original Senior Collateral Agent now
wish to amend and restate the Original Senior Indemnity, Subrogation and
Contribution Agreement in its entirety as set forth herein. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned
to such terms in the Definitions Annex, attached as Annex 2 hereto (as amended,
supplemented or otherwise modified from time to time), and if not defined
therein, as defined in the Senior Credit Agreement.

 

The Senior Lenders have agreed to make Loans
to the Borrower, and the Issuing Banks have agreed to issue Letters of Credit
for the account of the Borrower, pursuant to, and upon the terms and subject to
the conditions specified in, the Senior Credit Agreement. The Subsidiary
Guarantors have guaranteed such Loans and the other Senior Obligations of the
Borrower pursuant to the Senior Subsidiary Guarantee Agreement and certain
Subsidiary Guarantors have granted Liens on and security interests in certain
of their assets to secure such

 

 

guarantees. The obligations of the Senior Lenders to make Loans and of
the Issuing Banks to issue Letters of Credit are conditioned on, among other
things, the execution and delivery by the Borrower and the Subsidiary
Guarantors of an agreement in the form hereof.

 

Accordingly, the Borrower, each Subsidiary
Guarantor and the Senior Collateral Agents agree as follows:

 

SECTION 1. Indemnity and Subrogation. In addition
to all such rights of indemnity and subrogation as the Subsidiary Guarantors may have
under applicable law (but subject to Section 3), the Borrower agrees that (a) in
the event a payment shall be made by any Subsidiary Guarantor under the Senior
Subsidiary Guarantee Agreement, the Borrower shall indemnify such Subsidiary
Guarantor for the full amount of such payment and such Subsidiary Guarantor
shall be subrogated to the rights of the Person to whom such payment shall have
been made to the extent of such payment and (b) in the event and to the
extent any assets of any Subsidiary Guarantor shall be sold pursuant to any
Senior Collateral Document to satisfy a claim of any Senior Secured Party, the
Borrower shall indemnify such Subsidiary Guarantor in an amount equal to the
greater of the book value and the fair market value of the assets so sold.

 

SECTION 2. Contribution and Subrogation. Each
Subsidiary Guarantor (a “Contributing
Subsidiary Guarantor”) agrees (subject to Section 3) that, in
the event a payment shall be made by any other Subsidiary Guarantor under the
Senior Subsidiary Guarantee Agreement or assets of any other Subsidiary
Guarantor shall be sold pursuant to any Senior Collateral Document to satisfy a
claim of any Senior Secured Party and such other Subsidiary Guarantor (the “Claiming Subsidiary Guarantor”) shall not
have been fully indemnified by the Borrower as provided in Section 1, the
Contributing Subsidiary Guarantor shall indemnify the Claiming Subsidiary
Guarantor in an amount equal to the amount of such payment or the greater of
the book value and the fair market value of such assets, as the case may be,
in each case multiplied by a fraction of which the numerator shall be the net
worth of the Contributing Subsidiary Guarantor on May 28, 2003 (or, in the
case of any Subsidiary Guarantor becoming a party hereto pursuant to Section 12
after such date, the date of the Supplement hereto executed and delivery by
such Subsidiary Guarantor) and the denominator shall be the aggregate net worth
of all the Subsidiary Guarantors on May 28, 2003 (or, in the case of any
Subsidiary Guarantor becoming a party hereto pursuant to Section 12 after
such date, the date of the Supplement hereto executed and delivered by such
Subsidiary Guarantor). Any Contributing Subsidiary Guarantor making any payment
to a Claiming Subsidiary Guarantor pursuant to this Section 2 shall be
subrogated to the rights of such Claiming Subsidiary Guarantor under Section 1
to the extent of such payment.

 

SECTION 3. Subordination. Notwithstanding any
provision of this Agreement to the contrary, all rights of the Subsidiary
Guarantors under Sections 1 and 2 and all other rights of indemnity,
contribution or subrogation under applicable law or otherwise shall be fully
subordinated to the indefeasible payment in full in cash of the Senior
Obligations. No failure on the part of the Borrower or any Subsidiary
Guarantor to make the payments required by Sections 1 and 2 (or any other
payments required under applicable law or otherwise) shall in any respect limit
the obligations and liabilities of any Subsidiary Guarantor with respect to its
obligations hereunder, and each Subsidiary Guarantor shall remain liable for
the full amount of the obligations of such Subsidiary Guarantor hereunder.

 

 

SECTION 4. Termination. This Agreement shall survive and be in full
force and effect so long as any Senior Obligation is outstanding and has not
been indefeasibly paid in full in cash, and so long as the LC Exposure has not
been reduced to zero and any of the Commitments under the Senior Credit
Agreement have not been terminated, and shall continue to be effective or be
reinstated, as the case may be, if at any time payment, or any part thereof,
of any Senior Obligation is rescinded or must otherwise be restored by any
Senior Secured Party or any Subsidiary Guarantor upon the bankruptcy or
reorganization of the Borrower, any Subsidiary Guarantor or otherwise.

 

SECTION 5.
Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

 

SECTION 6. No Waiver; Amendment. (a) No
failure on the part of either Senior Collateral Agent or any Subsidiary
Guarantor to exercise, and no delay in exercising, any right, power or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right, power or remedy by either Senior Collateral Agent
or any Subsidiary Guarantor preclude any other or further exercise thereof or
the exercise of any other right, power or remedy. All remedies hereunder are
cumulative and are not exclusive of any other remedies provided by law. None of
the Senior Collateral Agents and the Subsidiary Guarantors shall be deemed to
have waived any rights hereunder unless such waiver shall be in writing and
signed by such parties.

 

(b) Neither this Agreement nor any
provision hereof may be waived, amended or modified except pursuant to a
written agreement entered into between the Borrower, the Subsidiary Guarantors
and the Senior Collateral Agents, with the prior written consent of the
Required Lenders, except as otherwise provided in the Senior Credit Agreement
or the Collateral Trust and Intercreditor Agreement.

 

SECTION 7. Notices. All communications and notices hereunder shall be
in writing and given as provided in the Senior Subsidiary Guarantee Agreement
and addressed as specified therein.

 

SECTION 8. Binding Agreement; Assignments. Whenever
in this Agreement any of the parties hereto is referred to, such reference shall
be deemed to include the successors and assigns of such party, and all
covenants, promises and agreements by or on behalf of the parties that are
contained in this Agreement shall bind and inure to the benefit of their
respective successors and assigns. Neither the Borrower nor any Subsidiary
Guarantor may assign or transfer any of its rights or obligations
hereunder (and any such attempted assignment or transfer shall be void) without
the prior written consent of the Required Lenders. Notwithstanding the
foregoing, at the time any Subsidiary Guarantor is released from its
obligations under the Senior Subsidiary Guarantee Agreement in accordance with
such Senior Subsidiary Guarantee Agreement and the Senior Credit Agreement,
such Subsidiary Guarantor will automatically cease to have any rights or
obligations under this Agreement.

 

SECTION 9. Survival of Agreement; Severability. (a) All
covenants and agreements made by the Borrower and each other Obligor herein and
in the certificates or other

 

 

instruments prepared or delivered in connection with this Agreement or
any other Senior Loan Document shall be considered to have been relied upon by
the Senior Collateral Agents, the other Senior Secured Parties and each
Subsidiary Guarantor and shall survive the making by the Senior Lenders of the
Loans and the issuance of the Letters of Credit by the Issuing Banks, and shall
continue in full force and effect as long as the principal of or any accrued
interest on any Loans or any other fee or amount payable under the Senior
Credit Agreement or this Agreement or under any of the other Senior Loan
Documents is outstanding and unpaid or the LC Exposure does not equal zero and
as long as all of the Commitments have not been terminated.

 

(b) In case any one or more of the
provisions contained in this Agreement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with
such provision for so long as such provision is held to be invalid, illegal or
unenforceable, but the validity, legality and enforceability of the remaining
provisions contained herein shall not in any way be affected or impaired
thereby. The parties shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic
effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.

 

SECTION 10. Counterparts. This
Agreement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all
of which when taken together shall constitute a single contract. This Agreement
shall be effective with respect to any Subsidiary Guarantor when a counterpart bearing
the signature of such Subsidiary Guarantor shall have been delivered to the
Senior Collateral Agents. Delivery of an executed signature page to this
Agreement by facsimile transmission shall be as effective as delivery of a
manually signed counterpart of this Agreement.

 

SECTION 11. Rules of Interpretation. The
rules of interpretation specified in Section 1.03 of the Senior
Credit Agreement shall be applicable to this Agreement.

 

SECTION 12. Additional Subsidiary Guarantors. Pursuant
to Section 5.11 of the Senior Credit Agreement, each wholly-owned Domestic
Subsidiary of the Borrower that was not in existence on the Restatement
Effective Date is required to enter into the Senior Subsidiary Guarantee
Agreement as a Subsidiary Guarantor upon becoming a wholly-owned Domestic
Subsidiary. Upon execution and delivery, after the Restatement Effective Date,
by the Senior Collateral Agents and such a Subsidiary of an instrument in the form of
Annex 1 hereto, such Subsidiary shall become a Subsidiary Guarantor hereunder
with the same force and effect as if originally named as a Subsidiary Guarantor
hereunder. The execution and delivery of any instrument adding an additional
Subsidiary Guarantor as a party to this Agreement shall not require the consent
of any Subsidiary Guarantor hereunder. The rights and obligations of each
Subsidiary Guarantor hereunder shall remain in full force and effect
notwithstanding the addition of any new Subsidiary Guarantor as a party to this
Agreement. Notwithstanding any other provision of this Agreement or any other
Loan Document, (i) no Domestic Subsidiary listed on Schedule 5.11 to
the Senior Credit Agreement shall be required to become a Subsidiary Guarantor
and (ii) no Domestic Subsidiary shall be required to become a Subsidiary
Guarantor unless and until such time as such Subsidiary has assets in excess of
$1,000,000 or acquires

 

 

assets in excess of $1,000,000 or has revenue in excess of $1,000,000
or has revenue in excess of $500,000 per annum.

 

 

IN WITNESS WHEREOF, the parties hereto have
caused this Senior Indemnity, Subrogation and Contribution Agreement to be
executed by their duly authorized officers as of the date first appearing
above.

 

	
   

  	
   

  	
  EACH OF THE SUBSIDIARIES LISTED ON

  SCHEDULE I HERETO, as Subsidiary Guarantors,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name: Robert B. Sari Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CITICORP NORTH AMERICA, INC., as
  Senior

  Collateral Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JPMORGAN CHASE BANK, as Senior

  Collateral Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RITE AID
  CORPORATION, as Borrower,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name: Robert
  B. Sari

  
	
   

  	
   

  	
  Title:
  Senior Vice President

  

 

 

IN WITNESS WHEREOF, the parties hereto have
caused this Senior Indemnity, Subrogation and Contribution Agreement to be
executed by their duly authorized officers as of the date first appearing
above.

 

 

	
   

  	
   

  	
  RITE AID CORPORATION, as Borrower,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EACH OF THE SUBSIDIARIES LISTED ON

  SCHEDULE I HERETO, as Subsidiary Guarantors,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CITICORP NORTH AMERICA, INC.,

  
	
   

  	
   

  	
  as Senior
  Collateral Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JPMORGAN CHASE BANK, as
  Senior

  Collateral Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

IN WITNESS WHEREOF, the parties hereto have
caused this Senior Indemnity, Subrogation and Contribution Agreement to be
executed by their duly authorized officers as of the date first appearing
above.

 

	
   

  	
   

  	
  RITE AID CORPORATION, as Borrower,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EACH OF THE SUBSIDIARIES LISTED ON

  SCHEDULE I HERETO, as Subsidiary Guarantors,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CITICORP NORTH AMERICA, INC., as
  Senior

  Collateral Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JPMORGAN CHASE BANK, as Senior

  Collateral Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  	
  TERI
  STREUSAND

  
	
   

  	
   

  	
  Title:

  	
  VICE
  PRESIDENT

  
					

 

 

Annex 1

to the Senior Indemnity, Subrogation

and Contribution Agreement

 

SUPPLEMENT NO. [
] dated as of [ ], to the Senior Indemnity, Subrogation and Contribution
Agreement dated as of June 27, 2001, as amended and restated as of May 28,
2003 (as amended, supplemented or otherwise modified from time to time, the “Senior Indemnity, Subrogation and Contribution
Agreement”), among RITE AID CORPORATION, a Delaware corporation (the
“Borrower”), each subsidiary of
the Borrower listed on Schedule I thereto (the “Subsidiary Guarantors”), and CITICORP NORTH AMERICA, INC.,
a Delaware corporation (“CNAP’), as senior collateral processing co-agent and
JPMORGAN CHASE BANK, a New York banking corporation, (“JPMCB”) as senior collateral processing co-agent (each,
individually, a “Senior Collateral Agent”, and
collectively, the “Senior Collateral Agents”)
for the Senior Secured Parties.

 

A.                                   Reference
is made to (a) the Senior Credit Agreement dated as of June 27, 2001,
as amended and restated as of May 28, 2003 (as amended, supplemented or
otherwise modified from time to time, the “Senior
Credit Agreement”), among the Borrower, the lenders from time to
time party thereto (the “Senior Lenders”), CNAI,
as administrative agent for the Senior Lenders and JPMCB, as syndication agent
for the Senior Lenders and (b) the Senior Subsidiary Guarantee Agreement
dated as of June 27, 2001, as amended and restated as of May 28, 2003
(as amended, supplemented or otherwise modified from time to time, the “Senior Subsidiary Guarantee Agreement”), among
the Subsidiary Guarantors and the Senior Collateral Agents.

 

B.                                     Capitalized
terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Senior Indemnity, Subrogation and Contribution
Agreement, including the Definitions Annex (as may be amended,
supplemented or otherwise modified from time to time), and the Senior Credit
Agreement.

 

C.                                     The
Borrower and the Subsidiary Guarantors have entered into the Senior Indemnity,
Subrogation and Contribution Agreement in order to induce the Senior Lenders to
make Loans and the Issuing Banks to issue Letters of Credit. Pursuant to Section 5.11
of the Senior Credit Agreement, certain Domestic Subsidiaries of the Borrower
that were not in existence on the Restatement Effective Date are required to
enter into the Senior Subsidiary Guarantee Agreement as a Subsidiary Guarantor
upon becoming a Domestic Subsidiary. Section 12 of the Senior Indemnity,
Subrogation and Contribution Agreement provides that additional Domestic Subsidiaries
of the Borrower may become Subsidiary Guarantors under the Senior
Indemnity, Subrogation and Contribution Agreement by execution and delivery of
an instrument in the form of this Supplement. The undersigned Subsidiary
of the Borrower (the “New Subsidiary
Guarantor”) is executing this Supplement in accordance with the
requirements of the Senior Credit Agreement to become a Subsidiary Guarantor
under the Senior Indemnity, Subrogation and Contribution Agreement in order to
induce the Senior Lenders to make additional Loans and the Issuing Banks to
issue additional Letters of Credit and as consideration for Loans previously
made and Letters of Credit previously issued.

 

9

 

Accordingly, the Senior Collateral Agents and
the New Subsidiary Guarantor agree as follows:

 

SECTION 1. In accordance with Section 12
of the Senior Indemnity, Subrogation and Contribution Agreement, the New
Subsidiary Guarantor by its signature below becomes a Subsidiary Guarantor under
the Senior Indemnity, Subrogation and Contribution Agreement with the same
force and effect as if originally named therein as a Subsidiary Guarantor and
the New Subsidiary Guarantor hereby agrees to all the terms and provisions of
the Senior Indemnity, Subrogation and Contribution Agreement applicable to it
as a Subsidiary Guarantor thereunder. Each reference to a “Subsidiary Guarantor”
in the Senior Indemnity, Subrogation and Contribution Agreement shall be deemed
to include the New Subsidiary Guarantor. The Senior Indemnity, Subrogation and
Contribution Agreement is hereby incorporated herein by reference.

 

SECTION 2. The New Subsidiary Guarantor
represents and warrants to the Senior Collateral Agents and the other Senior
Secured Parties that this Supplement has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation,
enforceable against it in accordance with its terms.

 

SECTION 3. This Supplement may be
executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which
when taken together shall constitute a single contract. This Supplement shall
become effective when the Senior Collateral Agents shall have received counterparts
of this Supplement that, when taken together, bear the signatures of the New
Subsidiary Guarantor and the Senior Collateral Agents. Delivery of an executed
signature page to this Supplement by facsimile transmission shall be as
effective as delivery of a manually signed counterpart of this Supplement.

 

SECTION 4. Except as expressly
supplemented hereby, the Senior Indemnity, Subrogation and Contribution
Agreement shall remain in full force and effect.

 

SECTION 5. THIS
SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK

 

SECTION 6. In case any one or more of
the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, neither party hereto shall be required to comply
with such provision for so long as such provision is held to be invalid,
illegal or unenforceable, but the validity, legality and enforceability of the
remaining provisions contained herein and in the Senior Indemnity, Subrogation
and Contribution Agreement shall not in any way be affected or impaired. The
parties hereto shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic
effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.

 

SECTION 7. All communications and
notices hereunder shall be in writing and given as provided in Section 7
of the Senior Indemnity, Subrogation and Contribution

 

10

 

Agreement. All communications and notices hereunder to the New
Subsidiary Guarantor shall be given to it at the address set forth under its
signature.

 

SECTION 8. The New Subsidiary Guarantor
agrees to reimburse the Senior Collateral Agents for their reasonable
out-of-pocket expenses in connection with this Supplement, including the
reasonable fees, other charges and disbursements of counsel for the Senior
Collateral Agents.

 

11

 

IN WITNESS WHEREOF, the New Subsidiary
Guarantor and the Senior Collateral Agents have duly executed this Supplement
to the Senior Indemnity, Subrogation and Contribution Agreement as of the day
and year first above written.

 

	
   

  	
   

  	
  [NAME OF NEW SUBSIDIARY GUARANTOR],

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CITICORP NORTH AMERICA, INC., as
  Senior

  Collateral Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JPMORGAN CHASE BANK, as Senior Collateral

  Agent,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  

 

12

 

ANNEX 2

 

DEFINITIONS ANNEX

 

This is the Definitions Annex referred to in
the Senior Loan Documents and the Second Priority Debt Documents. Each
capitalized term used herein shall have the meaning assigned to it below or, if
not defined herein, the meaning assigned to it in the applicable Senior Loan
Document or Second Priority Debt Document. The meanings given to terms defined
herein shall be equally applicable to both the singular and plural forms of
such terms.

 

References to any agreement are to such agreement
as amended, modified or supplemented from time to time in accordance with the
terms thereof and of each Senior Loan Document and Second Priority Debt
Document containing restrictions or imposing conditions on the amendment,
modification or supplementing of such agreement.

 

“Affiliate” means,
when used with respect to a specified Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or
is under common Control with the Person specified.

 

“Asset Sale” means
any sale, lease, assignment, transfer or other disposition (including pursuant
to a Sale and Leaseback Transaction) of any property or asset (whether now
owned or hereafter acquired, whether in one transaction or a series of
transactions and whether by way of merger or otherwise) of the Borrower or any
Subsidiary (including of any Equity Interest in a Subsidiary).

 

“Attributable Debt”
means, as to any particular Capital Lease or Sale and Leaseback Transaction
under which the Borrower or any Subsidiary is at the time liable, as of any
date as of which the amount thereof is to be determined (i) in the case of
a transaction involving a Capital Lease, the amount as of such date of Capital
Lease Obligations with respect thereto and (ii) in the case of a Sale and
Leaseback Transaction not involving a Capital Lease, the then present value of
the minimum rental obligations under such Sale and Leaseback Transaction during
the remaining term thereof (after giving effect to any extensions at the option
of the lessor) computed by discounting the rental payments at the actual
interest factor included in such payments or, if such interest factor cannot be
readily determined, at the rate per annum that would be applicable to a Capital
Lease of the Borrower having similar payment terms. The amount of any rental
payment required to be made under any such Sale and Leaseback Transaction not
involving a Capital Lease may exclude amounts required to be paid by the
lessee on account of maintenance and repairs, insurance, taxes, assessments,
utilities, operating and labor costs and similar charges, whether or not
characterized as rent. Any determination of any rate implicit in the terms of a
Capital Lease or a lease in a Sale and Leaseback Transaction not involving a
Capital Lease made in accordance with generally accepted financial practices by
the Borrower shall be binding and conclusive absent manifest error.

 

“Bankruptcy  Proceeding”
means any proceeding under Title 11 of the U.S. Code or any other Federal,
state or foreign bankruptcy, insolvency, reorganization, receivership or
similar law.

 

“Basket Asset Sale”
means any sale, transfer or disposition (including a Sale and Leaseback
Transaction not involving any Mortgaged Property) of office locations, Stores
or

 

13

 

other personal or real property (including any improvements thereon),
whether or not constituting Mortgaged Property, or leasehold interest therein
for fair value in the ordinary course of business consistent with past practice
and not inconsistent with the business plan delivered to the Senior Lenders
prior to the Restatement Effective Date; provided,  however, that (i) the
aggregate consideration received therefor (including the fair market value of
any non-cash consideration) shall not exceed $75,000,000 in any fiscal year of
Rite Aid (calculated without regard to Sale and Leaseback Transactions
permitted by Section 6.01(vii), (xii) and (xiii) of the Senior Credit
Agreement) and (ii) except with respect to any net consideration received
from any sale, transfer or disposition to a third Person of Stores, leases and
prescription files closed at substantially the same time as, and entered into
as part of a single related transaction with, the purchase or other
acquisition from such third Person of Stores, leases and prescription files of
a substantially equivalent value, at least 75% of such consideration shall
consist of cash.

 

“Borrower” means
Rite Aid.

 

“Business Day” means
any day other than a Saturday, Sunday or day on which commercial banks in New
York City or Chicago, Illinois are authorized or required by law to close; provided,
however, that when used in connection with a Eurodollar Loan, the term “Business
Day” shall also exclude any day on which banks are not open for

 

dealings in dollar deposits in the London
interbank market.

 

“Capital Lease”
means any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which, in accordance with GAAP,
should be capitalized on the lessee’s balance sheet.

 

“Capital Markets Transaction”
means the receipt by the Borrower or a Subsidiary of proceeds of an issuance in
the public or private capital markets of long-term debt securities, of equity
securities or of equity-linked (e.g., trust preferred) securities, other than
any proceeds received by the Borrower or a Subsidiary in respect of and
issuance or incurrence of (A) Indebtedness or Attributable Debt pursuant
to Sections 6.01(a)(v), (vi), (vii), (viii), (xii) or (xiii) of the Senior
Credit Agreement or (B) Refinancing Indebtedness pursuant to Section 6.01(a)(ii) of
the Senior Credit Agreement.

 

“Casualty/Condemnation”
means any event that gives rise to Casualty/Condemnation Proceeds.

 

“Casualty/Condemnation Proceeds”
means

 

(a)                          any
insurance proceeds under any insurance policies or otherwise with respect to
any casualty or other insured damage to any properties or assets of the
Borrower or the Subsidiaries; and

 

(b)                         any
proceeds received by the Borrower or any Subsidiary in connection with any
action or proceeding for the taking of any properties or assets of the Borrower
or the Subsidiaries, or any part thereof or interest therein, for public
or quasi-public use under the power of eminent domain, by reason of any similar
public improvement or condemnation proceeding;

 

14

 

minus, in each case (i) any
fees, commissions and expenses (including the costs of adjustment and
condemnation proceedings) and other costs paid or incurred by the Borrower or
any Subsidiary in connection therewith, (ii) the amount of income taxes
reasonably estimated to be payable as a result of any gain recognized in
connection with the receipt of such payment or proceeds and (iii) the
amount of any Indebtedness (or Attributable Debt), other than the Senior
Obligations, together with premium or penalty, if any, and interest thereon (or
comparable obligations in respect of Attributable Debt), that is secured by a
Lien on (or if Attributable Debt, the lease of) the properties or assets in
question and that has priority over both the Senior Lien and the Second
Priority Lien, that is required to be repaid as a result of the receipt by the
Borrower or a Subsidiary of such payments or proceeds; provided,  however,
that no such proceeds shall constitute Casualty/Condemnation Proceeds to the
extent that such proceeds are (A) reinvested in other like fixed or
capital assets within 270 days of the Casualty/Condemnation that gave rise to
such proceeds or (B) committed to be reinvested in other like fixed or
capital assets within 270 days of such Casualty/Condemnation, with diligent
pursuit of such reinvestment, and reinvested in such assets within 365 days of
such Casualty/Condemnation.

 

“Citibank” means
Citibank, N.A.

 

“Collateral” means
the Senior Collateral and the Second Priority Collateral.

 

“Collateral Documents”
means the Senior Collateral Documents and the Second Priority Collateral
Documents.

 

“Collateral Trust and Intercreditor Agreement”
means the Amended and Restated Collateral Trust and Intercreditor Agreement,
dated as of June 27, 2001, as amended and restated as of May 28,
2003, among Rite Aid, the Subsidiary Guarantors, the Second Priority Collateral
Trustee, the Senior Collateral Agents and each other Representative.

 

“Control” means the
possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the
ownership of voting securities, by contract or otherwise, and the terms “Controlling”
and “Controlled” shall have meanings correlative thereto.

 

“Debt Facility”
means the Senior Credit Agreement and any Second Priority Debt Facility, or any
combination thereof (as the context requires).

 

“Default Rate” means
a rate per annum (computed on the basis of the actual number of days elapsed
over a year of 365 or 366 days, as the case may be) equal to the sum of (a) the
rate of interest publicly announced by Citibank in New York, New York, from
time to time as its “base rate” plus (b) 2.00%.

 

“Domestic Subsidiary”
means any Subsidiary incorporated or organized under the laws of the United
States of America, any State thereof or the District of Columbia.

 

“Effective Date”
means June 27, 2001.

 

15

 

“Effective Date Indentures”
mean, collectively, (a) the Indenture dated as of December 21, 1998,
between Rite Aid and Harris Trust and Savings Bank, as trustee, (b) the
Indenture dated as of August 1, 1993, between Rite Aid and Morgan Guaranty
Trust Company of New York, as trustee, (c) the Indenture dated as September 10,
1997, between Rite Aid and Harris Trust and Savings Bank, as trustee and (d) the
Indenture dated as of September 22, 1998, between Rite Aid and Harris
Trust and Savings Bank, as trustee.

 

“8.125% Note Indenture”
means the Indenture dated as of April 22, 2003 among Rite Aid, the
Subsidiary Guarantors and BNY Midwest Trust Company, as trustee, relating to
the 8.125% Notes.

 

“8.125% Notes” means
the 8.125% Senior Secured Notes of the Borrower due 2010 issued pursuant to the
8.125% Note Indenture and any Registered Equivalent Notes issued in exchange
therefor.

 

“11.25% Senior Notes”
means the 11.25% Senior Notes of the Borrower due 2008 issued pursuant to the
Unsecured Note Indenture and any Registered Equivalent Notes issued in exchange
therefor.

 

“4.75% Convertible Notes”
means the 4.75% Convertible Notes of the Borrower due 2006 issued pursuant to
the 4.75% Note Indenture and any Registered Equivalent Notes issued on exchange
thereof.

 

“4.75% Note Indenture”
means the Indenture dated as of November 19, 2001 between Rite Aid and BNY
Midwest Trust Company, as trustee, relating to the 4.75% Convertible Notes.

 

“Guarantee” of or by
any Person (the “zuarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including
any obligation of the guarantor, direct or indirect, (a) to purchase or
pay (or advance or supply funds for the purchase or payment of) such
Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof; (b) to purchase
or lease property, securities or services for the purpose of assuring the owner
of such Indebtedness or other obligation of the payment thereof, (c) to
maintain working capital, equity capital or any other financial statement
condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation or (d) as an account
party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation; provided, that the term
Guarantee shall not include endorsements for collection or deposit in the
ordinary course of business.

 

“Indebtedness” of
any Person means, without duplication, (a) all obligations of such Person
for borrowed money or with respect to deposits or advances of any kind, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar
instruments, (c) all obligations of such Person under conditional sale or
other title retention agreements relating to property acquired by such Person, (d) all
obligations of such Person in respect of the deferred purchase price of
property or services (excluding current accounts payable incurred in the

 

16

 

ordinary course of business), (e) all Indebtedness of others
secured by (or for which the holder of such Indebtedness has an existing right,
contingent or otherwise, to be secured by) any Lien on property owned or
acquired by such Person, whether or not the Indebtedness secured thereby has been
assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all
Capital Lease Obligations of such Person, (h) all obligations, contingent
or otherwise, of such Person as an account party in respect of letters of
credit and letters of guaranty and (i) all obligations, contingent or
otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness
of any Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such
Person is liable therefor as a result of such Person’s ownership interest in or
other relationship with such entity, except to the extent the terms of such
Indebtedness provide that such Person is not liable therefor.

 

“Indentures” mean,
collectively, the Effective Date Indentures and the Restatement Date
Indentures.

 

“Instructing Group”
means, until the Senior Obligation Payment Date, the Required Lenders and,
thereafter, the Second Priority Instructing Group.

 

“Intercompany Inventory Purchase Agreement”
means the Intercompany Inventory Purchase Agreement dated as of June 12,
2000 (as amended), among the Borrower, Rite Aid Hdqtrs. Corp., the Distribution
Subsidiaries named therein and the Operating Subsidiaries named therein.

 

“Lien” means, with
respect to any asset, (a) any mortgage, deed of trust, lien, pledge,
hypothecation, encumbrance, charge or security interest in, on or of such
asset, (b) the interest of a vendor or a lessor under any conditional sale
agreement, Capital Lease or title retention agreement (or any financing lease
having substantially the same economic effect as any of the foregoing) relating
to such asset and (c) in the case of securities, any purchase option, call
or similar right of a third party with respect to such securities.

 

“Majority Senior Parties”
means the Required Lenders (as defined in the Senior Credit Agreement), or with
respect to any waiver, amendment or request, Senior Lenders having such amount
of unused Revolving Commitments, Revolving Credit Exposure, unused Term Loan
Commitments and outstanding Term Loans as may be required under the Senior
Credit Agreement to approve the same.

 

“Moody’s” means
Moody’s Investors Service, Inc., or any successor to its business of
rating debt securities.

 

“Net Cash Proceeds”
means:

 

(a)   with
respect to any Asset Sale, an amount equal to the cash proceeds received by the
Borrower or any of the Subsidiaries from or in respect of such Asset Sale
(including, when received, any cash proceeds received in respect of any noncash
proceeds of any Asset Sale), less the sum of

 

(i)  reasonable
costs and expenses paid or incurred in connection with such transaction,
including, without limitation, any underwriting brokerage or other

 

17

 

customary
selling commissions and reasonable legal, advisory and other fees and expenses
(including title and recording expenses, associated therewith), payments of
unassumed liabilities relating to the assets sold and any severance and
termination costs;

 

(ii) the
amount of any Indebtedness (or Attributable Debt), together with premium or
penalty, if any, and accrued interest thereon (or comparable obligations in
respect of Attributable Debt) secured by a Lien on (or if Attributable Debt,
the lease of) any asset disposed of in such Asset Sale and discharged from the
proceeds thereof, but only to the extent such Lien has priority over the Senior
Lien and the Second Priority Lien;

 

(iii) any
taxes actually paid or to be payable by such Person (as estimated by a senior
financial or accounting officer of the Borrower, giving effect to the overall
tax position of the Borrower) in respect of such Asset Sale; and

 

(iv) the
portion of such cash proceeds which the Borrower determines in good faith and
reasonably should be reserved for post-closing adjustments, including, without
limitation, indemnification payments and purchase price adjustments, provided,
that on the date that all such post-closing adjustments have been determined,
the amount (if any) by which the reserved amount in respect of such Asset Sale
exceeds the actual post-closing adjustments payable by the Borrower or any of
the Subsidiary Loan Parties shall constitute Net Cash Proceeds on such date;

 

(b)   with
respect to any Capital Markets Transaction, an amount equal to the cash
proceeds received by the Borrower or any of the Subsidiaries from or in respect
of such Capital Markets Transaction, less any reasonable transaction costs,
including investment banking and underwriting fees, discounts and commissions
and any other expenses (including legal fees and expenses) reasonably incurred
by such Person in respect of such Capital Markets Transaction; and

 

(c)   with
respect to a Casualty/Condemnation, the amount of Casualty/Condemnation
Proceeds.

 

“9.5% Note Indenture”
means the Indenture dated as of February 12, 2003 among Rite Aid, the
Subsidiary Guarantors and BNY Midwest Trust Company, as trustee, relating to
the 9.5% Notes.

 

“9.5% Notes” means
the 9.5% Senior Secured Notes of Rite Aid due 2011 issued pursuant to the 9.5%
Note Indenture and any Registered Equivalent Notes issued in exchange therefor.

 

“9.25% Note Indenture”
means the Indenture dated as of May 20, 2003 between Rite Aid and BNY
Midwest Trust Company, as trustee, relating to the 9.25% Notes.

 

18

 

“9.25% Notes” means
the 9.25% Senior Unsecured Notes of Rite Aid due 2013 issued pursuant to the
9.25% Note Indenture and any Registered Equivalent Notes issued in exchange
therefor.

 

“Obligors” means
Rite Aid, the Subsidiary Guarantors, the Subsidiary Loan Parties and any other
Person who is liable for any of the Secured Obligations.

 

“Permitted Disposition”
means any of the following:

 

(i)  dispositions
of inventory at retail, cash, cash equivalents and other cash management
investments and obsolete, unused, uneconomic or unnecessary equipment or
inventory, in each case in the ordinary course of business;

 

(ii) a
disposition to a Subsidiary Loan Party, provided that if the property
subject to such disposition constitutes Collateral immediately before giving
effect to such disposition, such property continues to constitute Collateral
subject to the Senior Lien and the Second Priority Lien;

 

(iii) a sale
or discount, in each case without recourse and in the ordinary course of
business, of overdue Accounts (as defined in the Senior Credit Agreement)
arising in the ordinary course of business, but only to the extent such
Accounts are no longer Eligible Accounts Receivable (as defined in the Senior
Credit Agreement) and such sale or discount is in connection with the
compromise or collection thereof consistent with customary industry practice
(and not as part of any bulk sale);

 

(iv)  Basket
Asset Sales; and

 

(v)   sales
of Accounts Receivable (as defined in the Senior Subsidiary Security Agreement)
relating to worker’s compensation claims to collection agencies pursuant to the
Borrower’s customary cash management procedures.

 

“Permitted Investments”
means any investment by any Person in (i) direct obligations of the United
States or any agency thereof, or obligations guaranteed by the United States or
any agency thereof, (ii) commercial paper rated at least A-1 by S&P
and P-1 by Moody’s, (iii) time deposits with, including certificates of
deposit issued by, any office located in the United States of any bank or trust
company which is organized or licensed under the laws of the United States or
any state thereof and has capital, surplus and undivided profits aggregating at
least $500,000,000, (iv) repurchase agreements with respect to securities
described in clause (i) above entered into with an office of a bank or
trust company meeting the criteria specified in clause (iii) above,
provided in each case that such investment matures within one year from the date
of acquisition thereof by such Person or (v) money market mutual funds at
least 80% the assets of which are held in investments referred to in clauses (i) through
(iv) above (except that the maturities of certain investments held by any
such money market funds may exceed one year so long as the dollar-weighted
average life of the investments of such money market mutual fund is less than
one year).

 

“Reduction” means,
when applied to any Debt Facility, (i) the permanent repayment of
outstanding loans (or obligations in respect of Attributable Debt) under such
Debt

 

19

 

Facility, (ii) the permanent reduction of outstanding lending
commitments under such Debt Facility or (iii) the permanent cash
collateralization of outstanding letters of credit under such facility
(together with the termination of any lending commitments utilized by such
letters of credit).

 

“Reduction Event”
means each of the following:

 

(i)   any
Senior Collateral Disposition or any other Asset Sale, except in each case any
Permitted Disposition or in connection with any Sale and Leaseback Transaction
permitted under Section 6.01(a)(vii), (xii) or (xiii) of the Senior Credit
Agreement;

 

(ii)  any
Casualty/Condemnation; and

 

(iii) any
Capital Markets Transaction; provided,  however, that Capital
Markets Transactions (or portions thereof) consummated on or after the
Restatement Date resulting in receipt of initial cumulative Net Cash Proceeds
in the amount of up to $500,000,000 shall not be deemed to constitute Reduction
Events (except to the extent cumulative Net Cash Proceeds in excess of such
amount are generated by any such Capital Markets Transaction); and provided
further,  however, that any Capital Markets Transaction or
portions thereof the Net Cash Proceeds of which are required (without regard to
this proviso) to be applied to Reductions pursuant to clause (i) of the
first sentence of Section 2.11(d) will in any event be deemed to
constitute Reduction Events and will be disregarded for purposes of
calculations when such $500,000,000 limit has been reached.

 

“Refinance” means,
with respect to any issuance of Indebtedness, to replace, renew, extend,
refinance, repay, refund, repurchase, redeem, defease or retire, or to issue
Indebtedness in exchange or as a replacement therefor.

 

“Refinanced” and “Refinancing”
shall have correlative meanings.

 

“Registered Equivalent Notes”
means, with respect to any notes originally issued in a Rule 144A or other
private placement transaction under the Securities Act of 1933, substantially
identical notes issued in a dollar for dollar exchange therefor pursuant to an
exchange offer registered with the SEC.

 

“Representatives”
means each of the Senior Collateral Agents and the Second Priority
Representatives.

 

“Restatement Effective Date”
means the date on which the Senior Credit Agreement becomes effective pursuant
to its terms.

 

“Restatement Date Indentures”
mean, collectively, (a) the Unsecured Note Indenture, (b) the 12.5%
Note Indenture, (c) the 9.5% Note Indenture, (d) the 8.125% Note
Indenture, (e) the 9.25% Note Indenture and (f) the 4.75% Note
Indenture.

 

20

 

“Rite Aid” means
Rite Aid Corporation, a Delaware corporation, and its successors.

 

“S&P” means
Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., or any successor to its business of rating debt
securities.

 

“Sale and Leaseback Transaction”
means any arrangement whereby the Borrower or a Subsidiary shall sell or
transfer any office building (including its headquarters), distribution center,
manufacturing plant, warehouse, Store, equipment or other property, real or
personal, now or hereafter owned by the Borrower or a Subsidiary with the
intention that the Borrower or any Subsidiary rent or lease the property sold
or transferred (or other property of the buyer or transferee substantially
similar thereto).

 

“SEC” means the
United States Securities and Exchange Commission and any successor agency
thereto.

 

“Second Priority Collateral”
means all the “Second Priority Collateral” as defined in any Second Priority
Collateral Document.

 

“Second Priority Collateral Documents”
means the Second Priority Subsidiary Security Agreement, the Second Priority
Subsidiary Guarantee Agreement, the Second Priority Indemnity, Subrogation and
Contribution Agreement, the Collateral Trust and Intercreditor Agreement and
each of the security agreements and other instruments and documents executed
and delivered by any Subsidiary Guarantor pursuant to any of the foregoing for
purposes of providing collateral security or credit support for any Second
Priority Debt Obligation or obligation under the Second Priority Subsidiary
Guarantee Agreement.

 

“Second Priority Collateral Trustee”
means Wilmington Trust Company, in its capacity as collateral trustee under the
Collateral Trust and Intercreditor Agreement and the Second Priority Collateral
Documents, and its successors.

 

“Second Priority Debt”
means any Indebtedness (including the 12.5% Notes, 9.5% Notes and 8.125% Notes)
incurred by Rite Aid and Guaranteed by the Subsidiary Guarantors on or after
the Effective Date pursuant to the Second Priority Subsidiary Guarantee
Agreement (i) which is secured by the Second Priority Collateral on a pari
passu basis with the other Second Priority Debt Obligations and (ii) if
issued on or after the Restatement Effective Date, matures after April 30,
2008; provided, however, that (A) such Indebtedness is permitted to
be incurred, secured and Guaranteed on such basis by each Senior Loan Document
and each Second Priority Debt Document and (B) the Representative for the
holders of such Second Priority Debt shall have become party to the Collateral
Trust and Intercreditor Agreement pursuant to, and by satisfying the conditions
set forth in, Section 10.12 thereof. Second Priority Debt shall include
any Registered Equivalent Notes issued in exchange thereof.

 

“Second Priority Debt Documents”
means, with respect to any series, issue or class of Second Priority Debt,
the promissory notes, indentures and other operative agreements or instruments
evidencing or governing such Debt, including the Second Priority Collateral
Documents.

 

21

 

“Second Priority Debt Facility”
means the indenture or other governing agreement or instrument with respect to
any Second Priority Debt.

 

“Second Priority Debt Obligations”
means with respect to any series, issue or class of Second Priority Debt, (i) all
principal of, and interest (including without limitation, any interest which
accrues after the commencement of any Bankruptcy Proceeding, whether or not
allowed or allowable as a claim in any such proceeding) payable with respect to
such Second Priority Debt, (ii) all other amounts payable to the related
Second Priority Debt Parties under the related Second Priority Debt Documents
and (iii) any renewals or extensions of the foregoing.

 

“Second Priority Debt Parties”
means with respect to any series, issue or class of Second Priority Debt,
the holders of such Debt, any trustee or agent therefor under any related
Second Priority Debt Documents and the beneficiaries of each indemnification
obligation undertaken by Rite Aid or any Second Priority Obligor under any
related Second Priority Debt Documents, but shall not include the Loan Parties
or any Controlled Affiliates thereof (unless such Loan Party or Controlled
Affiliate is a holder of such Debt, a trustee or agent therefore or beneficiary
of such an indemnification obligation named as such in a Second Priority Debt
Document).

 

“Second Priority Indemnity, Subrogation and
Contribution Agreement” means the Amended and Restated
Second Priority Indemnity, Subrogation and Contribution Agreement, dated as of June 27,
2001, as amended and restated as of May 28, 2003 among Rite Aid, the
Subsidiary Guarantors and the Second Priority Collateral Trustee.

 

“Second Priority Instructing Group”
means Second Priority Representatives with respect to Second Priority Debt
Facilities under which at least a majority of the then aggregate amount of
Second Priority Debt Obligations are outstanding.

 

“Second Priority Lien”
means the Liens on the Second Priority Collateral in favor of the Second
Priority Parties under the Second Priority Collateral Documents.

 

“Second Priority Representative”
means, in respect of a Second Priority Debt Facility, the trustee,
administrative agent, security agent or similar agent under each Second
Priority Facility, as the case may be, and each of their successors in
such capacities.

 

“Second Priority Subsidiary Guarantee
Agreement” means the Amended and Restated Second
Priority Subsidiary Guarantee Agreement, dated as of June 27, 2001, as
amended and restated as of May 28, 2003, made by the Subsidiary Guarantors
(including any additional Subsidiary Guarantor becoming party thereto after the
Restatement Effective Date) in favor of the Second Priority Collateral Trustee
for the benefit of the Second Priority Debt Parties.

 

“Second Priority Subsidiary Security
Agreement” means the Amended and Restated Second Priority
Subsidiary Security Agreement, dated as of June 27, 2001, as amended and
restated as of May 28, 2003, made by the Subsidiary Guarantors (including
any additional Subsidiary Guarantor becoming party thereto after the
Restatement Effective Date) in favor of the Second Priority Collateral Trustee
for the benefit of the Second Priority Debt Parties.

 

22

 

“Secured Obligations”
means the Senior Obligations and the Second Priority Debt Obligations.

 

“Secured Parties”
means the Senior Secured Parties and the Second Priority Debt Parties.

 

“Senior Collateral”
means all the “Collateral” as defined in any Senior Collateral Document.

 

“Senior Collateral Agents”
means Citicorp North America, Inc. and JPMorgan Chase Bank, each in its
capacity as a senior collateral processing co-agent under the Senior Collateral
Documents, and their successors.

 

“Senior Collateral Disposition”
means (i) any sale, transfer or other disposition of Senior Collateral
(including any property or assets that would constitute Senior Collateral but
for the release of the Senior Lien with respect thereto in connection with such
sale, transfer or other disposition), other than a Permitted Disposition or (ii) a
Casualty/Condemnation with respect to Senior Collateral.

 

“Senior Collateral Documents”
means the Senior Subsidiary Security Agreement, the Senior Subsidiary Guarantee
Agreement, the Senior Indemnity, Subrogation and Contribution Agreement, the
Collateral Trust and Intercreditor Agreement and each of the security
agreements and other instruments and documents executed and delivered by any
Subsidiary Guarantor pursuant to any of the foregoing or pursuant to the Senior
Credit Agreement or for purposes of providing collateral security or credit support
for any Senior Obligation or obligation under the Senior Subsidiary Guarantee
Agreement.

 

“Senior Credit Agreement”
means the Amended and Restated Senior Credit Agreement, dated as of June 27,
2001, as amended and restated as of May 28, 2003, among Rite Aid, the
Senior Lenders and Citicorp North America, Inc., as administrative agent
and as Senior Collateral Agents for the Senior Lenders.

 

“Senior Indemnity, Subrogation and
Contribution Agreement” means the Amended and Restated
Senior Indemnity, Subrogation and Contribution Agreement, dated as of June 27,
2001, as amended and restated as of May 28, 2003, among Rite Aid, the
Subsidiary Guarantors (including Subsidiary Guarantors becoming party thereto
after the Restatement Effective Date) and the Senior Collateral Agents.

 

“Senior Hedging Agreement”
means any Hedging Agreement entered into with Rite Aid or any Subsidiary, if
the applicable counterparty was a Senior Lender or an Affiliate thereof (i) on
the Effective Date, in the case of any Hedging Agreement entered into prior to
the Restatement Effective Date, or (ii) at the time the Hedging Agreement
was entered into, in the case of any Hedging Agreement entered into on or after
the Restatement Effective Date.

 

“Senior Lender”
means a “Lender” as defined in the Senior Credit Agreement.

 

“Senior Lien” means
the Liens on the Senior Collateral in favor of the Senior Secured Parties under
the Senior Collateral Documents.

 

23

 

“Senior Loan Documents”
means the Senior Credit Agreement, the Notes referred to in the Senior Credit
Agreement, each Senior Hedging Agreement and the Senior Collateral Documents.

 

“Senior Obligation Payment Date”
means the date on which (i) the Senior Obligations have been paid in full,
(ii) all lending commitments under the Senior Credit Agreement have been
terminated and (iii) there are no outstanding letters of credit issued
under the Senior Credit Agreement other than such as have been fully cash
collateralized under documents and arrangements satisfactory to the issuer of
such letters of credit.

 

“Senior Obligations”
means (i) the principal of each loan made under the Senior Credit
Agreement, (ii) all reimbursement and cash collateralization obligations
in respect of letters of credit issued under the Senior Credit Agreement, (iii) all
monetary obligations of the Borrower or any Subsidiary under each Senior
Hedging Agreement entered into (x) prior to the Restatement Effective Date
with any counterparty that was a Senior Lender (or an Affiliate thereof) on the
Restatement Effective Date or (y) on or after the Effective Date with any
counterparty that was a Senior Lender (or an Affiliate thereof) at the time
such Senior Hedging Agreement was entered into, (iv) all interest on the
loans, letter of credit reimbursement, fees and other obligations under the
Senior Credit Agreement or such Senior Hedging Agreements (including, without
limitation any interest which accrues after the commencement of any case,
proceeding or other action relating to the bankruptcy, insolvency or
reorganization of the Borrower or any Subsidiary Loan Party, whether or not
allowed or allowable as a claim in such proceeding), (v) all other amounts
payable by the Borrower or any Subsidiary under the Senior Loan Documents and (vi) all
increases, renewals, extensions and Refinancings of the foregoing.

 

“Senior Secured Parties”
means each party to the Senior Credit Agreement other than any Senior Loan
Party, each counterparty to a Senior Hedging Agreement, the beneficiaries of each
indemnification obligation undertaken by Rite Aid or any other Loan Party under
any Senior Loan Document, and the successors and permitted assigns of each of
the foregoing.

 

“Senior Subsidiary Guarantee Agreement”
means the Amended and Restated Senior Subsidiary Guarantee Agreement, made by
the Subsidiary Guarantors (including Subsidiary Guarantors that become parties
thereto after the Restatement Effective Date) in favor of the Senior Collateral
Agents for the benefit of the Senior Secured Parties, as such agreement may be
amended, supplemented or otherwise modified from time to time.

 

“Senior Subsidiary Security Agreement”
means the Amended and Restated Senior Subsidiary Security Agreement, made by
the Subsidiary Guarantors (including Subsidiary Guarantors that become parties
thereto after the Restatement Effective Date) in favor of the Senior Collateral
Agents for the benefit of the Senior Secured Parties, as such agreement may be
amended, supplemented or otherwise modified from time to time.

 

“Subsidiary” means
any corporation or other entity of which securities or other ownership
interests having ordinary voting power to elect a majority of the board of
directors or other persons performing similar functions are at the time
directly or indirectly owned by the Borrower.

 

24

 

“Subsidiary Guarantor”
means each Subsidiary that is party to any Second Priority Collateral Document.

 

“Subsidiary Loan Party”
means each Subsidiary that is party to any Senior Collateral Document.

 

“Triggering Event”
shall have the meaning assigned to such term in the Collateral Trust and
Intercreditor Agreement.

 

“12.5% Note Exchange Agreement”
means the Note Exchange Agreement entered into as of June 27, 2001, by and
among Rite Aid and the entities listed on Schedule Ito the agreement
relating to the issuance of the Exchange Notes in exchange for $152,025,000
principal amount of Rite Aid’s 10.5% Senior Secured Notes due 2002.

 

“12.5% Note Indenture”
means the Indenture dated as of June 27, 2001, among Rite Aid, the
Subsidiary Guarantors and U.S. Bank and Trust, as trustee, relating to the
12.5% Notes.

 

“12.5% Note Registration Rights Agreement”
means the Exchange and Registration Rights Agreement, dated as of June 27,
2001, among Rite Aid, each of the Subsidiary Guarantors and the Holders from
time to time as provided therein.

 

“12.5% Notes” means
the 12.5% Senior Secured Notes due 2006 of Rite Aid issued on the Effective
Date pursuant to the 12.5% Note Indenture.

 

“Uniform Commercial Code”
or “UCC” means, unless otherwise specified, the Uniform Commercial
Code as from time to time in effect in the State of New York.

 

“Unsecured Note Indenture”
means the Indenture dated as of June 27, 2001, between Rite Aid and BNY
Midwest Trust Company, as trustee, relating to the 11.25% Senior Notes.

 

25

 

Schedule I

 

Subsidiary
Grantors

 

112 Burleigh Avenue Norfolk, LLC

1515 West State Street Boise, Idaho, LLC

1525 Cortyou Road - Brooklyn Inc.

1740 Associates, L.L.C.

3581 Carter Hill Road - Montgomery Corp.

4042 Warrensville Center Road - Warrensville Ohio, Inc.

5277 Associates, Inc.

537 Elm Street Corp.

5600 Superior Properties, Inc.

657-659 Broad St. Corp.

764 South Broadway- Geneva, Ohio, LLC

Ann & Government Streets - 
Mobile, Alabama, LLC

Apex Drug Stores, Inc.

Baltimore/Annapolis Boulevard and Governor Richie Highway-Glen Burnie,
Maryland, LLC

Broadview and Wallings- Broadview Heights Ohio, Inc.

Central Avenue and Main Street - Petal, MS, LLC

Dominion Action Four Corporation

Dominion Action One Corporation

Dominion Action Three Corporation

Dominion Action Two Corporation

Dominion Drug Stores Corp.

Drug Fair, Inc.

Eagle Managed Care Corp.

Eighth and Water Streets - Urichsville, Ohio, LLC

England Street-Asheland Corporation

Fairground, L.L.C.

GDF, Inc.

Gettysburg and Hoover-Dayton, Ohio, LLC

Gratiot & Center - Saginaw Township, Michigan, LLC

Harco, Inc.

K & B Alabama Corporation

K & B Louisiana Corporation

K & B Mississippi Corporation

K & B Services, Incorporated

K & B Tennessee Corporation

K & B, Incorporated

K&B Texas Corporation

Keystone Centers, Inc.

Lakehurst and Broadway Corporation

Mayfield & Chillicothe Roads - Chesterland, LLC

Munson & Andrews, LLC

Name Rite, L.L.C.

Northline & Dix - Toledo - Southgate, LLC

Ocean Acquisition Corporation

P.L.D. Enterprises, Inc.

Patton Drive and Navy Boulevard Property Corporation

 

26

 

Paw Paw Lake Road & Paw Paw Avenue - Coloma, Michigan, LLC

PDS-1 Michigan, Inc.

Perry Distributors, Inc.

Perry Drug Stores, Inc.

PL Xpress, Inc.

Portfolio Medical Services Inc.

Ram-Utica, Inc.

RDS Detroit, Inc.

Read’s Inc.

Rite Aid Drug Palace, Inc.

Rite Aid Hdqtrs. Corp.

Rite Aid of Alabama, Inc.

Rite Aid of Connecticut, Inc.

Rite Aid of Delaware, Inc.

Rite Aid of Florida, Inc.

Rite Aid of Georgia, Inc.

Rite Aid of Illinois, Inc.

Rite Aid of Indiana, Inc.

Rite Aid of Kentucky, Inc.

Rite Aid of Maine, Inc.

Rite Aid of Maryland, Inc.

Rite Aid of Massachusetts, Inc.

Rite Aid of Michigan, Inc.

Rite Aid of New Hampshire, Inc.

Rite Aid of New Jersey, Inc.

Rite Aid of New York, Inc.

Rite Aid of North Carolina, Inc.

Rite Aid of Ohio, Inc.

Rite Aid of Pennsylvania, Inc.

Rite Aid of South Carolina, Inc.

Rite Aid of Tennessee, Inc.

Rite Aid of Virginia, Inc.

Rite Aid of West Virginia, Inc.

Rite Aid Realty Corp.

Rite Aid Rome Distribution Center, Inc.

Rite Aid Services, L.L.C.

Rite Aid Transport, Inc.

Rite Aid Venturer #1, Inc.

Rite Fund, Inc.

Rite Investments Corp.

Rx Choice, Inc.

Seven Mile and Evergreen - Detroit, LLC

Silver Springs Road - Baltimore, Maryland/One, LLC

Silver Springs Road - Baltimore, Maryland/Two, LLC

Sophie One Corp.

State & Fortification Streets - Jackson, Mississippi, LLC

State Street and Hill Road - Gerard, Ohio, LLC

Super Ice Cream Suppliers, Inc.

Super Pharmacy Network, Inc.

Super Tobacco Distributors, Inc.

The Lane Drug Company

 

27

 

The Muir Company

Thrifty Corporation

Thrifty PayLess, Inc.

Tyler and Sanders Roads, Birmingham - Alabama, LLC

Virginia Corporation

 

28

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