Document:

exhibit10_1.htm

 

 Exhibit 10.1

 

 

Published CUSIP Number: 69865XAH9

 

$675,000,000

 

THIRD AMENDED AND RESTATED

CREDIT AGREEMENT

 

among

 

THE PANTRY, INC.,

as Borrower,

 

THE DOMESTIC SUBSIDIARIES OF THE BORROWER

FROM TIME TO TIME PARTIES HERETO,

as Guarantors,

 

THE LENDERS PARTIES HERETO,

 

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

 

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

and

BMO CAPITAL MARKETS,

as Co-Syndication Agents

 

and

 

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A. "RABOBANK

NEDERLAND", NEW YORK BRANCH

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Co-Documentation Agents

 

Dated as of May 15, 2007

 

J.P. MORGAN SECURITIES INC.

and

WACHOVIA CAPITAL MARKETS, LLC,

as Joint Lead Arrangers and Joint Bookrunners

 

  

  

  

TABLE OF CONTENTS

 

	  	  	  	  	  
	  	  	  	
  

	
Page

	
ARTICLE I DEFINITIONS

	
  

	
1

	
Section 1.1

	  	
Defined Terms.

	
  

	
1

	
Section 1.2

	  	
Other Definitional Provisions.

	
  

	
35

	
Section 1.3

	  	
Accounting Terms.

	
  

	
36

	
Section 1.4

	  	
Time References.

	
  

	
36

	
Section 1.5

	  	
Execution of Documents.

	
  

	
36

	  	  
	
ARTICLE II THE LOANS; AMOUNT AND TERMS

	
  

	
37

	
Section 2.1

	  	
Revolving Loans.

	
  

	
37

	
Section 2.2

	  	
Term Loan Facility.

	
  

	
38

	
Section 2.3

	  	
Incremental Facilities.

	
  

	
42

	
Section 2.4

	  	
Letter of Credit Subfacility.

	
  

	
43

	
Section 2.5

	  	
Swingline Loan Subfacility.

	
  

	
47

	
Section 2.6

	  	
Fees.

	
  

	
49

	
Section 2.7

	  	
Commitment Reductions.

	
  

	
50

	
Section 2.8

	  	
Prepayments.

	
  

	
51

	
Section 2.9

	  	
Minimum Borrowing Amounts and Lending Offices.

	
  

	
53

	
Section 2.10

	  	
Default Rate and Payment Dates.

	
  

	
53

	
Section 2.11

	  	
Conversion and Continuation Options.

	
  

	
54

	
Section 2.12

	  	
Computation of Interest and Fees.

	
  

	
54

	
Section 2.13

	  	
Pro Rata Treatment and Payments.

	
  

	
55

	
Section 2.14

	  	
Non-Receipt of Funds by the Administrative Agent.

	
  

	
57

	
Section 2.15

	  	
Inability to Determine Interest Rate.

	
  

	
59

	
Section 2.16

	  	
Yield Protection.

	
  

	
59

	
Section 2.17

	  	
Illegality.

	
  

	
61

	
Section 2.18

	  	
Indemnity.

	
  

	
61

	
Section 2.19

	  	
Taxes.

	
  

	
62

	
Section 2.20

	  	
Indemnification; Nature of Issuing Lender's Duties.

	
  

	
64

	
Section 2.21

	  	
Replacement of Lenders.

	
  

	
65

	  	  
	
ARTICLE III REPRESENTATIONS AND WARRANTIES

	
  

	
67

	
Section 3.1

	  	
Organization; Qualification; Good Standing; Subsidiaries; Etc.

	
  

	
67

	
Section 3.2

	  	
Authorization of Borrowing, Etc.

	
  

	
68

	
Section 3.3

	  	
Financial Condition.

	
  

	
69

	
Section 3.4

	  	
No Material Adverse Change; No Restricted Junior Payments.

	
  

	
70

	
Section 3.5

	  	
Title to Properties; Collateral Locations.

	
  

	
70

	
Section 3.6

	  	
Litigation.

	
  

	
71

	
Section 3.7

	  	
Taxes.

	
  

	
71

	
Section 3.8

	  	
Contractual Obligations; Restrictive Agreements; Material Contracts.

	
  

	
71

	
Section 3.9

	  	
Governmental Regulation.

	
  

	
72

	
Section 3.10

	  	
Securities Activities.

	
  

	
72

	
Section 3.11

	  	
Employee Benefit Plans.

	
  

	
72

	
Section 3.12

	  	
Broker's Fees.

	
  

	
73

	
Section 3.13

	  	
Environmental Protection.

	
  

	
73

	
Section 3.14

	  	
Employee Matters.

	
  

	
74

 

i

  

  

  

	  	  	  	  	  
	
Section 3.15

	  	
Solvency.

	
  

	
74

	
Section 3.16

	  	
Matters Relating to Collateral.

	
  

	
75

	
Section 3.17

	  	
Related Agreements.

	
  

	
75

	
Section 3.18

	  	
Disclosure.

	
  

	
76

	
Section 3.19

	  	
Permits.

	
  

	
76

	
Section 3.20

	  	
Indebtedness.

	
  

	
77

	
Section 3.21

	  	
Intellectual Property.

	
  

	
77

	
Section 3.22

	  	
Investments.

	
  

	
77

	
Section 3.23

	  	
Insurance.

	
  

	
77

	
Section 3.24

	  	
Anti-Terrorism Laws.

	
  

	
77

	
Section 3.25

	  	
Compliance with OFAC Rules and Regulations.

	
  

	
78

	
Section 3.26

	  	
Compliance with FCPA.

	
  

	
78

	
Section 3.27

	  	
VoiceStream Wireless.

	
  

	
78

	  	  
	
ARTICLE IV CONDITIONS PRECEDENT

	
  

	
78

	
Section 4.1

	  	
Conditions to Closing Date and Initial Loans.

	
  

	
78

	
Section 4.2

	  	
Conditions to All Extensions of Credit.

	
  

	
82

	  	  
	
ARTICLE V AFFIRMATIVE COVENANTS

	
  

	
84

	
Section 5.1

	  	
Financial Statements and Other Reports.

	
  

	
84

	
Section 5.2

	  	
Corporate Existence, Etc.

	
  

	
89

	
Section 5.3

	  	
Payment of Taxes, Claims and Other Obligations; Tax Consolidation.

	
  

	
89

	
Section 5.4

	  	
Maintenance of Properties; Insurance.

	
  

	
90

	
Section 5.5

	  	
Books and Records; Inspection Rights.

	
  

	
91

	
Section 5.6

	  	
Compliance with Laws, Etc.

	
  

	
91

	
Section 5.7

	  	
Environmental Review and Investigation, Disclosure, Etc.

	
  

	
91

	
Section 5.8

	  	
Hazardous Materials Activities; Environmental Claims/Violations.

	
  

	
94

	
Section 5.9

	  	
Additional Guarantors.

	
  

	
94

	
Section 5.10

	  	
Pledged Assets.

	
  

	
95

	
Section 5.11

	  	
Matters Relating to Additional Real Property Collateral.

	
  

	
95

	
Section 5.12

	  	
Use of Proceeds.

	
  

	
98

	
Section 5.13

	  	
Post-Closing Covenant; Further Assurances.

	
  

	
98

	  	  
	
ARTICLE VI NEGATIVE COVENANTS

	
  

	
99

	
Section 6.1

	  	
Indebtedness.

	
  

	
99

	
Section 6.2

	  	
Liens and Related Matters.

	
  

	
101

	
Section 6.3

	  	
Investments; Joint Ventures.

	
  

	
103

	
Section 6.4

	  	
Contingent Obligations.

	
  

	
104

	
Section 6.5

	  	
Restricted Junior Payments.

	
  

	
105

	
Section 6.6

	  	
Financial Covenants.

	
  

	
106

	
Section 6.7

	  	
Restriction on Fundamental Changes, Asset Sales and Acquisitions.

	
  

	
106

	
Section 6.8

	  	
Sales and Leasebacks.

	
  

	
109

	
Section 6.9

	  	
Sale or Discount of Receivables.

	
  

	
110

	
Section 6.10

	  	
Transactions with Shareholders and Affiliates.

	
  

	
110

	
Section 6.11

	  	
Disposal of Subsidiary Capital Stock; Formation of New Subsidiaries.

	
  

	
111

	
Section 6.12

	  	
Conduct of Business.

	
  

	
111

	
Section 6.13

	  	
Restrictions on Certain Amendments; Senior Debt Status.

	
  

	
111

	
Section 6.14

	  	
Fiscal Year; State of Organization; Accounting Practices.

	
  

	
112

 

ii

  

  

  

	  	  	  	  	  
	
Section 6.15

	  	
Management Fees.

	
  

	
113

	
Section 6.16

	  	
Letters of Credit.

	
  

	
113

	
Section 6.17

	  	
Maximum Consolidated Capital Expenditures.

	
  

	
113

	  	  
	
ARTICLE VII EVENTS OF DEFAULT

	
  

	
113

	
Section 7.1

	  	
Events of Default.

	
  

	
113

	
Section 7.2

	  	
Acceleration; Remedies.

	
  

	
116

	  	  
	
ARTICLE VIII THE AGENT

	
  

	
118

	
Section 8.1

	  	
Appointment and Authority.

	
  

	
118

	
Section 8.2

	  	
Nature of Duties.

	
  

	
118

	
Section 8.3

	  	
Exculpatory Provisions.

	
  

	
119

	
Section 8.4

	  	
Reliance by Administrative Agent.

	
  

	
120

	
Section 8.5

	  	
Notice of Default.

	
  

	
120

	
Section 8.6

	  	
Non-Reliance on Administrative Agent and Other Lenders.

	
  

	
121

	
Section 8.7

	  	
Indemnification.

	
  

	
121

	
Section 8.8

	  	
Administrative Agent in Its Individual Capacity.

	
  

	
121

	
Section 8.9

	  	
Successor Administrative Agent.

	
  

	
122

	
Section 8.10

	  	
Collateral and Guaranty Matters.

	
  

	
122

	  	  
	
ARTICLE IX MISCELLANEOUS

	
  

	
123

	
Section 9.1

	  	
Amendments, Waivers and Release of Collateral.

	
  

	
123

	
Section 9.2

	  	
Notices.

	
  

	
126

	
Section 9.3

	  	
No Waiver; Cumulative Remedies.

	
  

	
127

	
Section 9.4

	  	
Survival of Representations and Warranties.

	
  

	
127

	
Section 9.5

	  	
Payment of Expenses and Taxes; Indemnity.

	
  

	
127

	
Section 9.6

	  	
Successors and Assigns; Participations.

	
  

	
129

	
Section 9.7

	  	
Right of Set-off; Sharing of Payments.

	
  

	
132

	
Section 9.8

	  	
Table of Contents and Section Headings.

	
  

	
134

	
Section 9.9

	  	
Counterparts.

	
  

	
134

	
Section 9.10

	  	
Effectiveness.

	
  

	
134

	
Section 9.11

	  	
Severability.

	
  

	
134

	
Section 9.12

	  	
Integration.

	
  

	
134

	
Section 9.13

	  	
Governing Law.

	
  

	
135

	
Section 9.14

	  	
Consent to Jurisdiction and Service of Process.

	
  

	
135

	
Section 9.15

	  	
Confidentiality.

	
  

	
135

	
Section 9.16

	  	
Acknowledgments.

	
  

	
137

	
Section 9.17

	  	
Waivers of Jury Trial.

	
  

	
137

	
Section 9.18

	  	
USA Patriot Act Notice.

	
  

	
137

	  	  
	
ARTICLE X GUARANTY

	
  

	
138

	
Section 10.1

	  	
The Guaranty.

	
  

	
138

	
Section 10.2

	  	
Bankruptcy.

	
  

	
138

	
Section 10.3

	  	
Nature of Liability.

	
  

	
139

	
Section 10.4

	  	
Independent Obligation.

	
  

	
139

	
Section 10.5

	  	
Authorization.

	
  

	
139

	
Section 10.6

	  	
Reliance.

	
  

	
140

	
Section 10.7

	  	
Waiver.

	
  

	
140

	
Section 10.8

	  	
Limitation on Enforcement.

	
  

	
141

 

iii

  

  

  

	  	  	  	  	  
	
Section 10.9

	  	
Confirmation of Payment.

	
  

	
141

	
Section 10.10

	  	
Release of Guarantor.

	
  

	
142

 

iv

  

  

  

Schedules

 

	  	  	  
	
Schedule 1.1-1

	
  

	
Account Designation Letter

	
Schedule 1.1-3

	
  

	
Material Contracts

	
Schedule 1.1-4

	
  

	
Existing Letters of Credit

	
Schedule 1.1-5

	
  

	
Existing Hedging Agreements

	
Schedule 1.1-6

	
  

	
Commitments

	
Schedule 2.1(b)(i)

	
  

	
Form of Notice of Borrowing

	
Schedule 2.1(e)

	
  

	
Form of Revolving Note

	
Schedule 2.2(d)

	
  

	
Form of Term Note

	
Schedule 2.5(d)

	
  

	
Form of Swingline Note

	
Schedule 2.8(a)

	
  

	
Form of Notice of Prepayment

	
Schedule 2.11

	
  

	
Form of Notice of Conversion/Extension

	
Schedule 3.1-1

	
  

	
Jurisdictions of Incorporation/Organization

	
Schedule 3.1-2

	
  

	
Subsidiaries; Capital Structure

	
Schedule 3.2(b)

	
  

	
Conflicts with Contractual Obligations; Consents

	
Schedule 3.5(b)

	
  

	
Real Properties

	
Schedule 3.5(c)

	
  

	
Locations of Collateral

	
Schedule 3.7

	
  

	
Tax Assessments

	
Schedule 3.11

	
  

	
ERISA

	
Schedule 3.13

	
  

	
Environmental Matters

	
Schedule 3.17

	
  

	
Related Agreements

	
Schedule 3.21

	
  

	
Intellectual Property

	
Schedule 3.23

	
  

	
Insurance

	
Schedule 4.1-1

	
  

	
Form of Secretary's Certificate

	
Schedule 4.1-2

	
  

	
Form of Solvency Certificate

	
Schedule 5.9

	
  

	
Form of Joinder Agreement

	
Schedule 5.13

	
  

	
Mortgaged Properties

	
Schedule 6.1

	
  

	
Indebtedness

	
Schedule 6.2

	
  

	
Liens

	
Schedule 6.3

	
  

	
Investments

	
Schedule 6.4

	
  

	
Contingent Obligations

	
Schedule 6.8-1

	
  

	
Existing Sale and Leaseback Transactions

	
Schedule 6.8-2

	
  

	
Permitted Sale and Leaseback Properties

	
Schedule 9.6

	
  

	
Form of Assignment and Assumption

 

v

  

  

  

THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of May 15, 2007, among THE PANTRY, INC., a Delaware corporation, (the "Borrower"), those Domestic Subsidiaries of the Borrower identified as a "Guarantor" on the signature pages hereto and such other Domestic Subsidiaries of the Borrower as may from time to time become a party hereto (individually a "Guarantor" and collectively the "Guarantors"), the several banks and other financial institutions as may from time to time become parties to this Credit Agreement (individually a "Lender" and collectively the "Lenders"), and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders hereunder (in such capacity, the "Administrative Agent").

 

W I T N E S S E T H:

 

WHEREAS, the Borrower, the guarantors party thereto, the lenders party thereto and Wachovia Bank, National Association, as administrative agent, are parties to that certain Second Amended and Restated Credit Agreement dated as of December 29, 2005 (as amended and modified, the "Existing Credit Agreement");

 

WHEREAS, the Lenders have agreed to amend and restate the Existing Credit Agreement on the terms and conditions hereinafter set forth;

 

WHEREAS, in connection with the refinancing of the Existing Credit Agreement in accordance with the terms hereof, the Borrower has requested that the Lenders make loans and other financial accommodations to the Borrower in the amount of $675,000,000, as more particularly described herein; and

 

WHEREAS, the Lenders have agreed to make such loans and other financial accommodations to the Borrower on the terms and conditions contained herein.

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties hereto hereby agree as follows:

 

ARTICLE I

 

DEFINITIONS

 

Section 1.1 Defined Terms.

 

As used in this Credit Agreement, terms defined in the preamble to this Credit Agreement have the meanings therein indicated, and the following terms have the following meanings:

 

"Account Designation Letter" shall mean the Notice of Account Designation Letter dated the Closing Date from the Borrower to the Administrative Agent substantially in the form attached hereto as Schedule 1.1-1.

  

  

  

 

"Additional Acquisition" shall have the meaning set forth in Section 6.7(d).

 

"Additional Credit Party" shall mean each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.9.

 

"Additional Loan" shall have the meaning set forth in Section 2.3.

 

"Additional Mortgage" shall have the meaning set forth in Section 5.11(a).

 

"Additional Mortgage Policy" shall have the meaning set forth in Section 5.11(a).

 

"Additional Mortgaged Property" shall have the meaning set forth in Section 5.11(a).

 

"Administrative Agent" shall have the meaning set forth in the first paragraph of this Credit Agreement and any successors in such capacity.

 

"Affiliate" shall mean, 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.

 

"Affiliate Agreements" shall mean, collectively, all employment agreements, consulting agreements, and any other agreements, documents or arrangements between any Credit Party and any of its Affiliates, executive officers, directors, shareholders or any Affiliates of any such officers, directors or shareholders.

 

"Agents" shall mean the Administrative Agent, JPMorgan Chase Bank, National Association and BMO Capital Markets, as the Co-Syndication Agents, and Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. "Rabobank Nederland", New York Branch and Wells Fargo Bank, National Association, as Co-Documentation Agents.

 

"Agreement" or "Credit Agreement" shall mean this Third Amended and Restated Credit Agreement, as amended, modified or supplemented from time to time in accordance with its terms.

 

"Alternate Base Rate" shall mean, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. For purposes hereof: "Prime Rate" shall mean, at any time, the rate of interest per annum publicly announced from time to time by Wachovia at its principal office in Charlotte, North Carolina as its prime rate. Each change in the Prime Rate shall be effective as of the opening of business on the day such change in the Prime Rate occurs. The parties hereto acknowledge that the rate announced publicly by Wachovia as its Prime Rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks; and "Federal Funds Effective Rate" shall mean, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published on the next succeeding Business Day, the

 

2

  

  

  

 

average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive in the absence of manifest error) that it is unable to ascertain the Federal Funds Effective Rate, for any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms thereof, the Alternate Base Rate shall be determined without regard to clause (b) of the first sentence of this definition, as appropriate, until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the opening of business on the date of such change.

 

"Alternate Base Rate Loans" shall mean Loans that bear interest at an interest rate based on the Alternate Base Rate.

 

"Applicable Margin" shall mean, for any day, the rate per annum set forth below opposite the applicable Level then in effect, it being understood that the Applicable Margin for (a) Revolving Loans that are Alternate Base Rate Loans shall be the percentage set forth under the column "Alternate Base Rate Margin for Revolving Loans," (b) Revolving Loans that are LIBOR Rate Loans and the Letter of Credit Fee shall be the percentage set forth under the column "LIBOR Rate Margin for Revolving Loans/Letter of Credit Fee", (c) the portion of the Term Loan consisting of Alternate Base Rate Loans shall be the percentage set forth under the column "Alternate Base Rate Margin for Term Loan," (d) the portion of the Term Loan consisting of LIBOR Rate Loans shall be the percentage set forth under the column "LIBOR Rate Margin for Term Loan" and (e) the Commitment Fee shall be the percentage set forth under the column "Commitment Fee":

 

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	

Level

	
  

	
Consolidated

Total Leverage

Ratio

	
  

	
Alternate

Base Rate

Margin for

Revolving

Loans

	  	  	
LIBOR

Rate

Margin for

Revolving

Loans/

Letter of

Credit Fee

	  	  	
Alternate

Base Rate

Margin for

Term

Loan

	  	  	
LIBOR

Rate

Margin for

Term

Loan

	  	  	
Commitment

Fee

	  
	
I

	
  

	
3 4.00 to 1.00

	
  

	
0.50

	
%

	  	
1.75

	
%

	  	
0.50

	
%

	  	
1.75

	
%

	  	
0.50

	
%

	
II

	
  

	
> 3.00 to 1.00 but

< 4.00 to 1.0

	
  

	
0.25

	
%

	  	
1.50

	
%

	  	
0.25

	
%

	  	
1.50

	
%

	  	
0.375

	
%

	
III

	
  

	
£ 3.00 to 1.0

	
  

	
0.00

	
%

	  	
1.25

	
%

	  	
0.25

	
%

	  	
1.50

	
%

	  	
0.375

	
%

 

The Applicable Margin shall, in each case, be determined and adjusted quarterly on the date five (5) Business Days after the date on which the Administrative Agent has received from the Borrower the quarterly financial information and certifications required to be delivered to the Administrative Agent and the Lenders in accordance with the provisions of Sections 5.1(a), (b) and (c) (each an "Interest Determination Date"). Such Applicable Margin shall be effective from such Interest Determination Date until the next Interest Determination Date. Notwithstanding the foregoing, until financial statements are delivered for the second full Fiscal Quarter following

 

3

  

  

  

 

the Closing Date, the initial Applicable Margin for (i) Revolving Loans that are Alternate Base Rate Loans shall be 0.25%, (ii) Revolving Loans that are LIBOR Rate Loans and the Letter of Credit Fee shall be 1.50%, (iii) the portion of the Term Loan consisting of Alternate Base Rate Loans shall be 0.50%, (iv) the portion of the Term Loan consisting of LIBOR Rate Loans shall be 1.75% and (v) the Commitment Fee shall be 0.375%. If the Borrower shall fail to provide the financial information and certifications in accordance with the provisions of Sections 5.1(a) and (c), the Applicable Margin shall, on the date five (5) Business Days after the date by which the Borrower was so required to provide such financial information and certifications to the Administrative Agent and the Lenders, be based on Level I until such time as such information and certifications are provided, whereupon the Level shall be determined by the then current Consolidated Total Leverage Ratio. In the event that any financial statement or certification delivered pursuant to Section 5.1 is shown to be inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an "Applicable Period") than the Applicable Margin applied for such Applicable Period, then the Borrower shall immediately (i) deliver to the Administrative Agent a corrected compliance certificate for such Applicable Period, (ii) determine the Applicable Margin for such Applicable Period based upon the corrected compliance certificate, and (iii) immediately pay to the Administrative Agent the accrued additional interest owing as a result of such increased Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with Section 2.13. It is acknowledged and agreed that nothing contained herein shall limit the rights of the Administrative Agent and the Lenders under the Credit Documents, including their rights under Sections 2.10 and 7.1 and other of their respective rights under this Agreement.

 

"Arrangers" shall mean J.P. Morgan Securities Inc. and Wachovia Capital Markets, LLC as joint lead arrangers and joint bookrunners.

 

"Approved Fund" shall mean any Fund that is administered, managed or underwritten by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

 

"Asset Disposition" shall mean the disposition of any or all of the assets (including, without limitation, the Capital Stock of a Subsidiary or any ownership interest in a joint venture) of the Borrower or any of its Subsidiaries whether by sale, lease, transfer or otherwise. The term "Asset Disposition" shall not include (a) the sale, lease or transfer of assets permitted by Sections 6.7(a), (b) and (e) or Section 6.8 (with respect to Real Property Assets acquired after the Closing Date only) hereof, (b) any Recovery Event or (c) any issuance by the Borrower of its Capital Stock.

 

"Assignment and Assumption" shall mean an assignment and assumption entered into by a Lender and an assignee under Section 9.6(b) (with the consent of any party whose consent is required by such Section), and accepted by the Administrative Agent, in substantially the form of Schedule 9.6 or any other form approved by the Administrative Agent.

 

4

  

  

  

 

"Bankruptcy Code" shall mean the Bankruptcy Code in Title 11 of the United States Code, as amended, modified, succeeded or replaced from time to time.

 

"Borrower" shall have the meaning set forth in the first paragraph of this Credit Agreement.

 

"Borrowing Date" shall mean, in respect of any Loan, the date such Loan is made.

 

"Business Day" shall mean a day other than a Saturday, Sunday or other day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized or required by law to close; provided, however, that when used in connection with a rate determination, borrowing or payment in respect of a LIBOR Rate Loan, the term "Business Day" shall also exclude any day on which banks in London, England are not open for dealings in Dollar deposits in the London interbank market.

 

"Capital Lease" shall mean any lease of property, real, personal or mixed, the obligations with respect to which are required to be capitalized on a balance sheet of the lessee in accordance with GAAP.

 

"Capital Stock" shall mean (a) in the case of a corporation, Capital Stock, (b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of Capital Stock, (c) in the case of a partnership, partnership interests (whether general or limited), (d) in the case of a limited liability company, membership interests and (e) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.

 

"Cash" shall mean money, currency or a credit balance in a Deposit Account.

 

"Cash Equivalents" shall mean (a) securities issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition ("Government Obligations"), (b) U.S. dollar denominated time deposits, certificates of deposit, Eurodollar time deposits and Eurodollar certificates of deposit of (i) any domestic commercial bank of recognized standing having capital and surplus in excess of $250,000,000 or (ii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Moody's is at least P-1 or the equivalent thereof (any such bank being an "Approved Bank"), in each case with maturities of not more than 364 days from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better by Moody's and maturing within six months of the date of acquisition, (d) repurchase agreements with a bank or trust company (including a Lender) or a recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States of America, (e) obligations of any state of the United States or any political subdivision thereof for the payment of the principal and redemption price of and interest on

 

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which there shall have been irrevocably deposited Government Obligations maturing as to principal and interest at times and in amounts sufficient to provide such payment, (f) auction preferred stock rated A (or the equivalent thereof) or better by S&P or A2 (or the equivalent thereof) or better by Moody's and with a maturity not to exceed twenty-four (24) months and (g) money market mutual funds (i) that invest substantially all of their assets in investments of the types referenced in clauses (a) – (f) and (ii) having the highest rating available from S&P or Moody's.

 

"Change in Law" shall mean the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority.

 

"Change of Control" shall mean (a) any Person or "group" shall have acquired or hold "beneficial ownership," directly or indirectly, of, or shall have acquired or hold by contract or otherwise, or shall have entered into a contract or arrangement that, upon consummation, will result in its or their acquisition of, or control over, Voting Stock of the Borrower (or other securities convertible into such Voting Stock) representing 35% or more of the combined voting power of all Voting Stock of the Borrower or 35% or more of the economic interests of the Borrower, (b) the Continuing Directors shall cease for any reason to constitute a majority of the members of the board of directors of the Borrower then in office or (c) a "Change of Control" as defined in the Senior Subordinated Note Indenture, the Subordinated Convertible Note Indenture or the indenture or other documentation pursuant to which any Subordinated Indebtedness or unsecured Indebtedness permitted under subsection 6.1(f) is issued shall have occurred. As used herein, "beneficial ownership" and "group" shall have the meanings provided in Rule 13d-3 and Rule 13d-5, respectively, of the Securities and Exchange Commission under the Securities Exchange Act of 1934.

 

"Closing Date" shall mean the date of this Credit Agreement.

 

"Code" shall mean the Internal Revenue Code of 1986, as amended from time to time.

 

"Collateral" shall mean a collective reference to the collateral which is identified in, and at any time will be covered by, the Security Documents and any other collateral from time to time securing the Credit Party Obligations.

 

"Collateral Account" shall have the meaning set forth in the Collateral Account Agreement.

 

"Collateral Account Agreement" shall mean the Collateral Account Agreement executed and delivered by the Borrower and the Administrative Agent on the Closing Date, as such Collateral Account Agreement may be amended, modified, supplemented or restated from time to time.

 

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"Commitment" shall mean the Revolving Commitment, the LOC Commitment, the Swingline Commitment, the Initial Term Loan Commitment and the Delayed Draw Term Loan Commitment, individually or collectively, as appropriate.

 

"Commitment Fee" shall have the meaning set forth in Section 2.6(a).

 

"Commitment Percentage" shall mean the Revolving Commitment Percentage, the Initial Term Loan Commitment Percentage and/or the Delayed Draw Term Loan Commitment Percentage, as appropriate.

 

"Commitment Period" shall mean the period from and including the Closing Date to but not including the Revolving Commitment Termination Date.

 

"Confidential Information" shall have the meaning set forth in Section 9.15.

 

"Consolidated Capital Expenditures" shall mean, for any period, the sum of the aggregate of all expenditures (whether paid in cash or other consideration or accrued as a liability and including Additional Acquisitions and Development Property Expenditures, but excluding (a) expenditures made in connection with any Permitted Acquisition, and (b) expenditures financed with the proceeds of Capital Leases and purchase money Indebtedness permitted by Section 6.1(c)) by the Credit Parties and their Subsidiaries during such period that, in conformity with GAAP, are included in "additions to property, plant or equipment" or comparable items reflected in the consolidated statement of cash flows of the Credit Parties and their Subsidiaries net of the amount of (i) any reimbursement payments made to the Borrower or any of its Subsidiaries by any third parties in connection with any such expenditures, and (ii) any sale and leaseback transaction proceeds received by the Borrower or any of its Subsidiaries from any third parties in connection with any such expenditure to the extent such proceeds are applied in accordance with Section 2.8(b), in each case, to the extent that such expenditures have actually been made by the Borrower or its Subsidiaries for such Fiscal Year.

 

"Consolidated EBITDA" shall mean, for any period, the sum of (a) Consolidated Net Income for such period, plus (b) an amount which, in the determination of Consolidated Net Income, has been deducted for (i) Consolidated Interest Expense for such period, (ii) total federal, state, local and foreign income, franchise, value added and similar taxes for such period, (iii) total depreciation expense for such period, (iv) total amortization expense for such period, including but not limited to amortization of leasehold improvements and amortization of goodwill, organization costs and other intangibles, (v) fees and expenses incurred in connection with the closing of the first amendment to the Existing Credit Agreement and this Credit Agreement (including for this purpose any expense or write-off associated with the refinancing of outstanding principal amounts under the Existing Credit Agreement), any secondary offering of the Borrower's Capital Stock and similar capital events (including, without limitation, debt and equity issuances), and (vi) non-cash compensation expenses arising from the issuance of stock, options to purchase stock and stock appreciation rights to the management of the Borrower, plus/minus (c) an amount which, in the determination of Consolidated Net Income, has been deducted (or added as the case may be) for other non-recurring non-cash items (excluding reserves for future cash charges) decreasing or increasing Consolidated Net Income,

 

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minus (d) non-cash charges previously added back to Consolidated Net Income in determining Consolidated EBITDA to the extent such non-cash charges have become cash charges during such period (to the extent included in the calculation of Consolidated Net Income), all of the foregoing as determined on a consolidated basis for the Credit Parties and their Subsidiaries in conformity with GAAP.

 

"Consolidated EBITDAR" shall mean, for any period, the sum of (a) Consolidated Net Income for such period, plus (b) an amount which, in the determination of Consolidated Net Income, has been deducted for (i) Consolidated Interest Expense for such period, (ii) total federal, state, local and foreign income, franchise, value added and similar taxes for such period, (iii) total depreciation expense for such period, (iv) total amortization expense for such period, including but not limited to amortization of leasehold improvements and to amortization of goodwill, organization costs and other intangibles, (v) Consolidated Rent Expense, (vi) fees and expenses incurred in connection with the closing of the first amendment to the Existing Credit Agreement and this Credit Agreement (including for this purpose any expense or write-off associated with the refinancing of outstanding principal amounts under the Existing Credit Agreement), any secondary offering of the Borrower's Capital Stock and similar capital events (including, without limitation, debt and equity issuances), and (vii) non-cash compensation expenses arising from the issuance of stock, options to purchase stock and stock appreciation rights to the management of the Borrower, plus/minus (c) an amount which, in the determination of Consolidated Net Income, has been deducted (or added as the case may be) for other non-recurring non-cash items (excluding reserves for future cash charges) decreasing or increasing Consolidated Net Income, minus (d) non-cash charges previously added back to Consolidated Net Income in determining Consolidated EBITDAR to the extent such non-cash charges have become cash charges during such period (to the extent included in the calculation of Consolidated Net Income), all of the foregoing as determined on a consolidated basis for the Credit Parties and their Subsidiaries in conformity with GAAP.

 

"Consolidated Interest Coverage Ratio" shall mean, as of any date of determination, the ratio of (a) Consolidated Pro Forma EBITDA for the four consecutive Fiscal Quarter period ending on or immediately prior to such date of determination to (b) Consolidated Interest Expense for the four consecutive Fiscal Quarter period ending as of the last day of the Fiscal Quarter of the Borrower ending on or immediately prior to such date of determination.

 

"Consolidated Interest Expense" shall mean, for any period, total interest expense (including that portion attributable to Capital Leases in accordance with GAAP and capitalized interest) of the Credit Parties and their Subsidiaries on a consolidated basis with respect to all outstanding Indebtedness of the Credit Parties and their Subsidiaries, including Letter of Credit Fees and net cash costs under Hedging Agreements (excluding any mark-to-market adjustments related to any Hedging Agreements), but excluding, however, any amortization or write-off of deferred financing costs, any prepayment penalties with respect to any issuances of Indebtedness and any amounts referred to in Section 2.6 payable to the Administrative Agent and the Lenders on or before the Closing Date.

 

"Consolidated Net Income" shall mean, for any period, the net income (or loss) of the Credit Parties and their Subsidiaries on a consolidated basis for such period taken as a single

 

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accounting period determined in conformity with GAAP; provided that there shall be excluded (a) the income (or loss) of any Person (other than a Subsidiary of the Borrower) in which any other Person (other than the Borrower or any of its Subsidiaries) has a joint interest, except to the extent of the amount of cash dividends or other distributions actually paid to the Borrower or any of its Subsidiaries by such Person during such period, (b) the income (or loss) of any Person accrued prior to the date it becomes a Subsidiary of the Borrower or is merged into or consolidated with the Borrower or any of its Subsidiaries or such Person's assets are acquired by the Borrower or any of its Subsidiaries, (c) any after-tax gains or losses attributable to asset sales of any Pension Plan, (d) the cumulative effect of any adopted accounting change included in the current Fiscal Year's income statement and (e) (to the extent not included in clauses (a) through (d) above) any net extraordinary gains or net non-cash extraordinary losses.

 

"Consolidated Pro Forma EBITDA" shall mean, for any consecutive four Fiscal Quarter period, without duplication, (a) Consolidated EBITDA for such four Fiscal Quarter period, plus (b) for any Material Acquisition consummated during such four Fiscal Quarter period, (i) EBITDA of such acquired business determined as though such business were acquired as of the first day of such period by the Credit Parties and their Subsidiaries, plus (ii) the amount of any historical extraordinary or nonrecurring costs or expenses or other verifiable costs or expenses that will not continue after the acquisition date (including without limitation excess owner/management compensation), plus (iii) any reasonable operating expenses (including, without limitation, allocated general and administrative expenses) to be eliminated and any costs savings resulting from the inclusion of such acquired business under existing contractual arrangements, in each case that are (A) certified pursuant to an Officer's Certificate as reasonably likely to occur within one year after such acquisition, (B) supported by reasonable facts, (C) not duplicative of eliminated operating expenses and cost savings previously recognized and (D) are approved by the Administrative Agent minus (c) for any Material Disposition occurring during such four Fiscal Quarter period, EBITDA attributable to such disposition as though such disposition occurred as of the first day of such period by the Credit Parties and their Subsidiaries.

 

"Consolidated Pro Forma EBITDAR" shall mean, for any consecutive four Fiscal Quarter period, without duplication, (a) Consolidated EBITDAR for such four Fiscal Quarter period, plus (b) for any Material Acquisition consummated during such four Fiscal Quarter period, (i) EBITDAR of such acquired business determined as though such business were acquired as of the first day of such period by the Credit Parties and their Subsidiaries, plus (ii) the amount of any historical extraordinary or nonrecurring costs or expenses or other verifiable costs or expenses that will not continue after the acquisition date (including without limitation excess owner/management compensation), plus (iii) any reasonable operating expenses (including, without limitation, allocated general and administrative expenses) to be eliminated and any costs savings resulting from the inclusion of such acquired business under existing contractual arrangements, in each case that are (A) certified pursuant to an Officer's Certificate as reasonably likely to occur within one year after such acquisition, (B) supported by reasonable facts, (C) not duplicative of eliminated operating expenses and cost savings previously recognized and (D) are approved by the Administrative Agent minus (c) for any Material Disposition occurring during such four Fiscal Quarter period, EBITDAR attributable to such disposition as though such disposition occurred as of the first day of such period by the Credit Parties and their Subsidiaries.

 

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"Consolidated Rent Expense" shall mean, for any period, all cash rent expense of the Credit Parties and their Subsidiaries on a consolidated basis for such period, as determined in accordance with GAAP.

 

"Consolidated Senior Secured Leverage Ratio" shall mean, as of any date of determination, the ratio of (a) Consolidated Total Debt (other than Subordinated Indebtedness and unsecured Indebtedness) as of the last day of the Fiscal Quarter of the Borrower ending on or immediately prior to such date net of cash and Cash Equivalents (but only to the extent such cash and Cash Equivalents shall not be subject to any Lien in favor of a third party other than Permitted Encumbrances permitted pursuant to Section 6.2(a)(i)) in excess of $40,000,000 on the balance sheet of the Borrower as of the last day of such Fiscal Quarter to (b) Consolidated Pro Forma EBITDA for the four consecutive Fiscal Quarter period ending on or immediately prior to such date of determination.

 

"Consolidated Total Adjusted Leverage Ratio" shall mean, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the Fiscal Quarter of the Borrower ending on or immediately prior to such date net of cash and Cash Equivalents (but only to the extent such cash and Cash Equivalents shall not be subject to any Lien in favor of a third party other than Permitted Encumbrances permitted pursuant to Section 6.2(a)(i)) in excess of $40,000,000 on the balance sheet of the Borrower as of the last day of such Fiscal Quarter plus an amount equal to eight (8) times Consolidated Rent Expense to (b) Consolidated Pro Forma EBITDAR for the four consecutive Fiscal Quarter period ending on or immediately prior to such date of determination.

 

"Consolidated Total Debt" shall mean, as of any date of determination, all Indebtedness of the Credit Parties and their Subsidiaries other than (a) Letters of Credit to the extent undrawn, (b) customary indemnification obligations entered into in connection with an asset sale, a Permitted Acquisition or Development Property Expenditure permitted under this Agreement and (c) customary purchase price adjustments based on differences between estimated assets or liabilities at closing and subsequent final determination of such assets or liabilities following closing, in each case determined on a consolidated basis in accordance with GAAP

 

"Consolidated Total Leverage Ratio" shall mean, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the Fiscal Quarter of the Borrower ending on or immediately prior to such date net of cash and Cash Equivalents (but only to the extent such cash and Cash Equivalents shall not be subject to any Lien in favor of a third party other than Permitted Encumbrances permitted pursuant to Section 6.2(a)(i)) in excess of $40,000,000 on the balance sheet of the Borrower as of the last day of such Fiscal Quarter to (b) Consolidated Pro Forma EBITDA for the four consecutive Fiscal Quarter period ending on or immediately prior to such date of determination.

 

"Consolidated Working Capital" shall mean, at any time, the excess of (i) current assets (excluding cash and Cash Equivalents) of the Credit Parties and their Subsidiaries on a

 

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consolidated basis at such time less (ii) current liabilities (but excluding the current portion of any long-term Indebtedness) of the Credit Parties and their Subsidiaries on a consolidated basis at such time, all in accordance with GAAP.

 

"Contingent Obligation" shall mean, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that Person (a) with respect to any Indebtedness, lease, dividend or other obligation of another if the primary purpose or intent thereof by the Person incurring the Contingent Obligation is to provide assurance to the obligee of such obligation of another that such obligation of another will be paid or discharged, or that any agreements relating thereto will be complied with, or that the holders of such obligation will be protected (in whole or in part) against loss in respect thereof, (b) with respect to any letter of credit issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of drawings, or (c) under Hedge Agreements. Contingent Obligations shall include (i) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the obligation of another, and (ii) any liability of such Person for the obligation of another through any agreement (contingent or otherwise) (A) to purchase, repurchase or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital contributions or otherwise) or (B) to maintain the solvency or any balance sheet item, level of income or financial condition of another if, in the case of any agreement described under subclauses (A) or (B) of this sentence, the primary purpose or intent thereof is as described in the preceding sentence. The amount of any Contingent Obligation shall be equal to the amount of the obligation so guaranteed or otherwise supported or, if less, the amount to which such Contingent Obligation is specifically limited.

 

"Continuing Directors" shall mean the directors of the Borrower on the Closing Date and each other director, if in each case such other director's nomination for election to the board of directors of the Borrower is recommended by a majority of the then serving members of the board of directors.

 

"Contractual Obligation" shall mean, as applied to any Person, any provision of any Capital Stock issued by that Person or of any material indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject.

 

"Control" shall mean 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 ability to exercise voting power, by contract or otherwise. "Controlling" and "Controlled" have meanings correlative thereto.

 

"Convertible Hedging Agreement" shall mean any convertible note hedge transactions entered into for the purpose of hedging equity or other risks, and not for speculative purposes, in connection with the issuance of any Subordinated Indebtedness convertible into equity of the Borrower pursuant to its terms and permitted pursuant to Section 6.1(f).

 

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"Copyright Licenses" shall mean any written agreement naming any Credit Party as licensor and granting any right under any Copyright including, without limitation, any thereof referred to in Schedule 3.21.

 

"Copyrights" shall mean (a) all registered United States copyrights in all Works, now existing or hereafter created or acquired, all registrations and recordings thereof, and all applications in connection therewith, including, without limitation, registrations, recordings and applications in the United States Copyright office including, without limitation, any thereof referred to in Schedule 3.21, and (b) all renewals thereof including, without limitation, any thereof referred to in Schedule 3.21.

 

"Credit Documents" shall mean this Credit Agreement, each of the Notes, any Joinder Agreement, the Letters of Credit, any Assignment and Assumption, the LOC Documents and the Security Documents and all other agreements, documents, certificates and instruments delivered to the Administrative Agent or any Lender by any Credit Party in connection therewith (other than any agreement, document, certificate or instrument related to a Hedging Agreement).

 

"Credit Party" or "Credit Parties" shall mean any of the Borrower or the Guarantors, individually or collectively, as appropriate.

 

"Credit Party Obligations" shall mean, without duplication, (a) all of the obligations, indebtedness and liabilities of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes or any of the other Credit Documents including principal, interest, fees, reimbursements and indemnification obligations and other amounts (including, but not limited to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the Bankruptcy Code with respect to any Credit Party, regardless of whether such interest is an allowed claim under the Bankruptcy Code) and (b) all liabilities and obligations, whenever arising, owing from the Credit Parties or any of their Subsidiaries to any Hedging Agreement Provider arising under any Secured Hedging Agreement permitted pursuant to Section 6.3(g).

 

"Debt Issuance" shall mean the incurrence of any Indebtedness for borrowed money by any Credit Party or any of its Subsidiaries (excluding, for purposes hereof, any issuance by the Borrower of its Capital Stock or any Indebtedness of the Credit Parties and their Subsidiaries permitted to be incurred pursuant to Section 6.1 hereof).

 

"Default" shall mean any of the events specified in Section 7.1, whether or not any requirement for the giving of notice or the lapse of time, or both, or any other condition, has been satisfied.

 

"Defaulting Lender" shall mean, at any time, any Lender that, at such time (a) has failed to make a Loan required pursuant to the term of this Credit Agreement, including the funding of a Participation Interest in accordance with the terms hereof, (b) has failed to pay to the Administrative Agent or any Lender when due an amount owed by such Lender pursuant to the terms of this Credit Agreement, or (c) has been deemed insolvent or has become subject to a bankruptcy or insolvency proceeding or to a receiver, trustee or similar official.

 

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"Delayed Draw Commitment Fee" shall have the meaning set forth in Section 2.6.

 

"Delayed Draw Commitment Termination Date" shall mean the earlier to occur of (a) May 15, 2008, (b) the fourth Delayed Draw Funding Date, and (c) the date upon which the Delayed Draw Term Loan Committed Amount is fully funded.

 

"Delayed Draw Funding Date" shall mean any Business Day occurring during the Delayed Draw Period in which the Borrower delivers a Notice of Borrowing in accordance with Section 2.2(b); provided, however, there shall be no more than four (4) Delayed Draw Funding Dates during the term of this Agreement.

 

"Delayed Draw Period" shall mean the period from and including the Closing Date to and including the Delayed Draw Commitment Termination Date.

 

"Delayed Draw Term Loan" shall have the meaning set forth in Section 2.2(b).

 

"Delayed Draw Term Loan Commitment" shall mean, with respect to each Delayed Draw Term Loan Lender, the commitment of such Delayed Draw Term Loan Lender to make its portion of the Delayed Draw Term Loan in a principal amount equal to such Delayed Draw Term Loan Lender's Delayed Draw Term Loan Commitment Percentage of the Delayed Draw Term Loan Committed Amount.

 

"Delayed Draw Term Loan Commitment Percentage" shall mean, for any Delayed Draw Term Loan Lender, the percentage identified as its Delayed Draw Term Loan Commitment Percentage on Schedule 1.1-6 or in the Register.

 

"Delayed Draw Term Loan Committed Amount" shall have the meaning set forth in Section 2.2(b).

 

"Delayed Draw Term Loan Lender" shall mean a Lender holding a Delayed Draw Term Loan Commitment or a portion of the outstanding Delayed Draw Term Loan.

 

"Deposit Account" shall mean a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

 

"Development Property" shall mean real property acquired by the Credit Parties for the purpose of developing and constructing one or more operating stores.

 

"Development Property Expenditure" shall mean any expenditure in order to acquire or develop a Development Property by the Credit Parties, other than as part of a Permitted Acquisition.

 

"Disqualified Capital Stock" shall mean, with respect to any Person, Capital Stock of such Person as to which (a) the maturity, (b) mandatory redemption or (c) redemption,

 

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repurchase, conversion or exchange at the option of the holder thereof occurs, or may occur, on or prior to the date that is six months after the Term Loan Maturity Date; provided, however, that such Capital Stock that would not otherwise be characterized as Disqualified Capital Stock under this definition shall not constitute Disqualified Capital Stock solely as a result of provisions thereof giving holders thereof the right to require such Person to repurchase or redeem Capital Stock upon the occurrence of a "change of control" occurring prior to the Term Loan Maturity Date, if (i) such repurchase obligation may not be triggered unless an Event of Default under this Agreement also arises and (ii) no such repurchase or redemption is permitted to be consummated unless and until all Credit Party Obligations (other than inchoate indemnification and reimbursement obligations) shall have been satisfied in full.

 

"Dollars" and "$" shall mean dollars in lawful currency of the United States of America.

 

"Domestic Lending Office" shall mean, initially, the office of each Lender designated as such Lender's Domestic Lending Office with the Administrative Agent; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the Borrower as the office of such Lender at which Alternate Base Rate Loans of such Lender are to be made.

 

"Domestic Subsidiary" shall mean any Subsidiary that is organized and existing under the laws of the United States or any state or commonwealth thereof or under the laws of the District of Columbia.

 

"EBITDA" shall mean for any business acquired by the Credit Parties and their Subsidiaries, "Consolidated EBITDA" as defined herein substituting references to such acquired business for references to "the Credit Parties and their Subsidiaries" as used in such definition.

 

"EBITDAR" shall mean for any business acquired by the Credit Parties and their Subsidiaries, "Consolidated EBITDAR" as defined herein substituting references to such acquired business for references to "the Credit Parties and their Subsidiaries" as used in such definition.

 

"Employee Benefit Plan" shall mean any "employee benefit plan" as defined in Section 3(3) of ERISA which is or was maintained or contributed to by the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates.

 

"Environmental Claim" shall mean any written investigation, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any governmental authority or any other Person, arising (a) pursuant to or in connection with any actual or alleged violation of any Environmental Law, (b) in connection with any Hazardous Materials or any actual or alleged Hazardous Materials Activity, or (c) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment.

 

"Environmental Laws" shall mean any and all current or future statutes, ordinances, orders, rules, regulations, guidance documents, judgments, Governmental Authorizations, or any

 

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other published requirements of Governmental Authorities relating to (a) environmental matters, including those relating to any Hazardous Materials Activity, (b) the generation, use, storage, transportation or disposal of Hazardous Materials, or (c) occupational safety and health, industrial hygiene, land use or the protection of human, plant or animal health or welfare, in any manner applicable to the Borrower or any of its Subsidiaries or any Facility, including the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9601 et seq.), the Hazardous Materials Transportation Act (49 U.S.C. § 1801 et seq.), the Resource Conservation and Recovery Act (42 U.S.C. § 6901 et seq.), the Federal Water Pollution Control Act (33 U.S.C. § 1251 et seq.), the Clean Air Act (42 U.S.C. § 7401 et seq.), the Toxic Substances Control Act (15 U.S.C. § 2601 et seq.), the Federal Insecticide, Fungicide and Rodenticide Act (7 U.S.C. §136 et seq.), the Occupational Safety and Health Act (29 U.S.C. § 651 et seq.), the Oil Pollution Act (33 U.S.C. § 2701 et seq.) and the Emergency Planning and Community Right-to-Know Act (42 U.S.C. § 11001 et seq.), each as amended or supplemented, any analogous present or future state or local statutes or laws, and any regulations promulgated pursuant to any of the foregoing.

 

"ERISA" shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor thereto.

 

"ERISA Affiliate" shall mean, as applied to any Person, (a) any corporation which is a member of a controlled group of corporations within the meaning of Section 414(b) of the Code of which that Person is a member; (b) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common control within the meaning of Section 414(c) of the Code of which that Person is a member; and (c) any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Code of which that Person, any corporation described in clause (a) above or any trade or business described in clause (b) above is a member. Any former ERISA Affiliate of the Borrower or any of its Subsidiaries shall continue to be considered an ERISA Affiliate of the Borrower or such Subsidiary within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of the Borrower or such Subsidiary and with respect to liabilities arising after such period for which the Borrower or such Subsidiary could be liable under the Code or ERISA.

 

"ERISA Event" shall mean (a) a "reportable event" within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation); (b) the failure to meet the minimum funding standards of Section 412 of the Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(d) of the Code) or the failure to make by its due date a required installment under Section 412(m) of the Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (c) the distribution of a notice of intent to terminate or the actual termination of an Employee Benefit Plan pursuant to Section 4041(a)(2) or 4041A of ERISA; (d) the withdrawal by the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability pursuant to Section 4063 or 4064 of ERISA; (e) the institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which constitutes grounds under ERISA for the termination of, or the appointment of a trustee to

 

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administer, any Pension Plan; (f) the imposition of liability on the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) the withdrawal of the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or it is insolvent pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (h) the occurrence of an act or omission which could give rise to the imposition on the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under Chapter 43 of the Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any Employee Benefit Plan; (i) the assertion of a material claim (other than routine claims for benefits or for a qualified domestic relations order) against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof, or against the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates in connection with any Employee Benefit Plan; (j) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of the Code) to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the Code; (k) the imposition of a Lien pursuant to Section 401(a)(29) or 412(n) of the Code or pursuant to ERISA with respect to any Pension Plan; or (l) the adoption of an amendment to any Employee Benefit Plan requiring the provision of security to such Employee Benefit Plan pursuant to Section 307 of ERISA.

 

"Eurodollar Reserve Percentage" shall mean for any day, the percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) which is in effect for such day as prescribed by the Federal Reserve Board (or any successor) for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) in respect of Eurocurrency liabilities, as defined in Regulation D of such Board as in effect from time to time, or any similar category of liabilities for a member bank of the Federal Reserve System in New York City.

 

"Event of Default" shall mean any of the events specified in Section 7.1; provided, however, that any requirement for the giving of notice or the lapse of time, or both, or any other condition, has been satisfied.

 

"Excess Cash Flow" shall mean, with respect to each Fiscal Year for the Credit Parties and their Subsidiaries on a consolidated basis, an amount equal to (a) Consolidated EBITDA for such period minus (b) Consolidated Capital Expenditures actually made by any Credit Party or Subsidiary for such period to the extent not financed with the proceeds of Indebtedness minus (c) Scheduled Debt Payments made during such period minus (d) Consolidated Interest Expense actually paid in cash by a Credit Party or Subsidiary for such period minus (e) amounts actually paid in cash in respect of total federal, state, local and foreign income, value added and similar taxes for such period minus (f) increases or plus decreases in Consolidated Working Capital for such period from the same period in the prior Fiscal Year minus (g) cash paid during such Fiscal

 

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Year as consideration in connection with a Permitted Acquisition to the extent such cash paid has not been previously deducted in calculating Excess Cash Flow for a prior Fiscal Year pursuant to clause (h), minus (h) cash to be paid as consideration in connection with a Permitted Acquisition to the extent such Permitted Acquisition will not be financed with the proceeds of Indebtedness and to the extent a Credit Party has entered into a letter of intent during such Fiscal Year with respect to such Permitted Acquisition; provided that, if such letter of intent (or the purchase agreement with respect to such Permitted Acquisition) is terminated or if such Permitted Acquisition is not consummated, the Borrower shall promptly prepay the Loans and/or cash collateralize the LOC Obligations in an amount equal to such cash to the extent required by, and in accordance with the terms of, Section 2.8(b)(v).

 

"Excluded Taxes" shall mean, with respect to the Administrative Agent, any Lender, the Issuing Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or it is deemed to be doing business, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which the Borrower is located and (c) in the case of a Foreign Lender, any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new lending office) or is attributable to such Foreign Lender's failure or inability (other than as a result of a Change in Law) to comply with Section 2.19, except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.19.

 

"Existing Hedging Agreements" shall mean the Hedging Agreements described on Schedule 1.1-5.

 

"Existing Letters of Credit" shall mean the letters of credit described by date of issuance, amount, purpose and the date of expiry on Schedule 1.1-4 hereto.

 

"Extension of Credit" shall mean, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

 

"Facilities" shall mean any and all real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased or operated by the Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

 

"Federal Funds Effective Rate" shall have the meaning set forth in the definition of "Alternate Base Rate".

 

"Fee Letter" shall mean the letter agreement dated April 9, 2007 addressed to the Borrower from JPMorgan Chase Bank, National Association, J.P. Morgan Securities Inc., Wachovia, Wachovia Capital Markets, LLC, BMO Capital Markets Financing, Inc., and Bank of Montreal (acting under its trade name BMO Capital Markets), as amended, modified or otherwise supplemented.

 

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"Financial Plan" shall have the meaning set forth in Section 5.1(l).

 

"First Priority" shall mean, with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that (a) such Lien has priority over any other Lien on such Collateral other than any Permitted Encumbrances having priority by operation of law over the Liens purported to be created pursuant to the Security Documents and (b) such Lien is the only Lien (other than Permitted Encumbrances permitted pursuant to Section 6.2(a)(i)) to which such Collateral is subject.

 

"Fiscal Quarter" shall mean a fiscal quarter of any Fiscal Year.

 

"Fiscal Year" shall mean the fiscal year of the Credit Parties and their Subsidiaries ending on the last Thursday in September of each calendar year.

 

"Flood Hazard Property" shall mean a Mortgaged Property located in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards.

 

"Foreign Lender" shall mean any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

 

"Fund" shall mean any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

 

"GAAP" shall mean generally accepted accounting principles in effect in the United States of America applied on a consistent basis, subject, however, in the case of determination of compliance with the financial covenants set out in Section 6.6 to the provisions of Section 1.3.

 

"Government Acts" shall have the meaning set forth in Section 2.20.

 

"Governmental Authority" shall mean the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).

 

"Governmental Authorization" shall mean any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority.

 

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"Guarantor" shall mean any of the Domestic Subsidiaries identified as a "Guarantor" on the signature pages hereto and the Additional Credit Parties which execute a Joinder Agreement, together with their successors and permitted assigns.

 

"Guaranty" shall mean the guaranty of the Guarantors set forth in Article X.

 

"Hazardous Materials" shall mean (a) any chemical, material or substance at any time defined as or included in the definition of "hazardous substances", "hazardous wastes", "hazardous materials", "extremely hazardous waste", acutely hazardous waste", "radioactive waste", "biohazardous waste", "pollutant", "toxic pollutant", "contaminant", "restricted hazardous waste", "infectious waste", "toxic substances", or any other term or expression intended to define, list or classify substances by reason of properties harmful to health, safety or the indoor or outdoor environment (including harmful properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity, reproductive toxicity, "TCLP toxicity" or "EP toxicity" or words of similar import under any applicable Environmental Laws); (b) any oil, petroleum, petroleum fraction or petroleum derived substance; (c) any drilling fluids, produced waters and other wastes associated with the exploration, development or production of crude oil, natural gas or geothermal resources; (d) any flammable substances or explosives; (e) any radioactive materials; (f) any asbestos-containing materials; (g) urea formaldehyde foam insulation; (h) electrical equipment which contains any oil or dielectric fluid containing polychlorinated biphenyls; (i) pesticides; and (j) any other chemical, material or substance, exposure to which is prohibited, limited or regulated by any governmental authority or which may or could pose a hazard to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or to the indoor or outdoor environment.

 

"Hazardous Materials Activity" shall mean any past, current, proposed or threatened activity, event or occurrence involving any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing.

 

"Hedging Agreement Provider" shall mean any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.3(g) to the extent such Person is (a) a Lender, (b) an Affiliate of a Lender, (c) any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement or (d) a party to an Existing Hedging Agreement.

 

"Hedging Agreements" shall mean, with respect to any Person, any agreement entered into to protect such Person against fluctuations in interest rates, or currency or raw materials values, including, without limitation, any interest rate swap, cap or collar agreement or similar arrangement between such Person and one or more counterparties, any foreign currency exchange agreement, currency protection agreements, commodity purchase or option agreements or other interest or exchange rate or commodity price hedging agreements.

 

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"Incremental Facility" shall have the meaning set forth in Section 2.3.

 

"Indebtedness" shall mean, with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, or upon which interest payments are customarily made, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (d) all obligations of such Person issued or assumed as the deferred purchase price of property or services purchased by such Person (other than any such obligations incurred under ERISA or which represent accounts payable incurred in the ordinary course of business and due within six months of the incurrence thereof) which would appear as liabilities on a balance sheet of such Person in accordance with GAAP, (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, or payable out of the proceeds of production from, property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed, (f) all Contingent Obligations of such Person with respect to Indebtedness of another Person, (g) the principal portion of all obligations of such Person under Capital Leases, (h) all Disqualified Capital Stock issued by such Person, (i) the principal balance outstanding under any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product, and (j) the Indebtedness of any partnership or unincorporated joint venture in which such Person is a general partner or a joint venturer. Obligations under Hedging Agreements shall constitute Contingent Obligations, but not Indebtedness.

 

"Indemnified Taxes" shall mean Taxes other than Excluded Taxes.

 

"Indemnitee" shall have the meaning set forth in Section 9.5(b).

 

"Initial Term Loan" shall have the meaning set forth in Section 2.2(a).

 

"Initial Term Loan Commitment" shall mean, with respect to each Initial Term Loan Lender, the commitment of such Initial Term Loan Lender to make its portion of the Initial Term Loan in a principal amount equal to such Initial Term Loan Lender's Initial Term Loan Commitment Percentage of the Initial Term Loan Committed Amount.

 

"Initial Term Loan Commitment Percentage" shall mean, for any Initial Term Loan Lender, the percentage identified as its Initial Term Loan Commitment Percentage on Schedule 1.1-6 or in the Register.

 

"Initial Term Loan Committed Amount" shall have the meaning set forth in Section 2.2(a).

 

"Initial Term Loan Lender" shall mean a Lender holding a Initial Term Loan Commitment or a portion of the outstanding Initial Term Loan.

 

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"Intellectual Property" shall mean all Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks and Trademark Licenses.

 

"Interest Coverage Incurrence Test" shall mean the requirement that the Consolidated Interest Coverage Ratio shall be greater than 2.25 to 1.0; provided that, for purposes of determining the Interest Coverage Incurrence Test for any incurrence of Indebtedness pursuant to Section 6.1(f), the Consolidated Interest Coverage Ratio shall be calculated to include the Consolidated Interest Expense with respect to such Indebtedness on a pro forma basis as if such Indebtedness had been incurred at the beginning of the period of determination of the Consolidated Interest Coverage Ratio.

 

"Interest Payment Date" shall mean (a) as to any Alternate Base Rate Loan, the last day of each March, June, September and December and on the applicable Maturity Date, (b) as to any LIBOR Rate Loan having an Interest Period of three months or less, the last day of such Interest Period, and (c) as to any LIBOR Rate Loan having an Interest Period longer than three months, each day which is three months after the first day of such Interest Period and the last day of such Interest Period.

 

"Interest Period" shall mean, with respect to any LIBOR Rate Loan,

 

(a) initially, the period commencing on the Borrowing Date or conversion date, as the case may be, with respect to such LIBOR Rate Loan and ending one, two, three or six months thereafter, as selected by the Borrower in the notice of borrowing or notice of conversion given with respect thereto; and

 

(b) thereafter, each period commencing on the last day of the immediately preceding Interest Period applicable to such LIBOR Rate Loan and ending one, two, three or six months thereafter, as selected by the Borrower by irrevocable notice to the Administrative Agent not less than three Business Days prior to the last day of the then current Interest Period with respect thereto; provided that the foregoing provisions are subject to the following:

 

(i) if any Interest Period pertaining to a LIBOR Rate Loan would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day;

 

(ii) any Interest Period pertaining to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the relevant calendar month;

 

(iii) if the Borrower shall fail to give notice as provided above, the Borrower shall be deemed to have selected an Alternate Base Rate Loan to replace the affected LIBOR Rate Loan;

 

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(iv) no Interest Period in respect of any Loan shall extend beyond the applicable Maturity Date and, further with regard to the Term Loan, no Interest Period shall extend beyond any principal amortization payment date unless the portion of the Term Loan consisting of Alternate Base Rate Loans together with the portion of the Term Loan consisting of LIBOR Rate Loans with Interest Periods expiring prior to or concurrently with the date such principal amortization payment date is due, is at least equal to the amount of such principal amortization payment due on such date; and

 

(v) no more than ten (10) LIBOR Rate Loans may be in effect at any time. For purposes hereof, LIBOR Rate Loans with different Interest Periods shall be considered as separate LIBOR Rate Loans, even if they shall begin on the same date and have the same duration, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new LIBOR Rate Loan with a single Interest Period.

 

"Investment" shall mean (a) any direct or indirect purchase or other acquisition by the Borrower or any of its Subsidiaries of, or of a beneficial interest in, any Capital Stock of any other Person, (b) any direct or indirect redemption, retirement, purchase or other acquisition for value, by any Subsidiary of the Borrower from any Person other than the Borrower or any of its Subsidiaries, of any Capital Stock of such Person, or (c) any direct or indirect loan, advance (other than advances to employees for moving, entertainment and travel expenses, drawing accounts and similar items in the ordinary course of business) or capital contribution by the Borrower or any of its Subsidiaries to any other Person (other than a wholly-owned Subsidiary of the Borrower), including all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business. The amount of any Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment.

 

"Issuing Lender" shall mean, as the context may require, either Wachovia or any Lender designated by the Borrower and approved by the Administrative Agent, together with any successor to any such issuing lender hereunder.

 

"Issuing Lender Fees" shall have the meaning set forth in Section 2.6(c).

 

"Joinder Agreement" shall mean a Joinder Agreement substantially in the form of Schedule 5.9, executed and delivered by an Additional Credit Party in accordance with the provisions of Section 5.9.

 

"Joint Venture" shall mean a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal form; provided that in no event shall any Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party.

 

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"Lender" shall have the meaning set forth in the first paragraph of this Credit Agreement.

 

"Letters of Credit" shall mean (a) any letter of credit issued by the Issuing Lender pursuant to Section 2.4 and (b) any Existing Letter of Credit, in each case as such letter of credit may be amended, modified, extended, renewed or replaced from time to time.

 

"Letter of Credit Fee" shall have the meaning set forth in Section 2.6(b).

 

"LIBOR" shall mean, for any LIBOR Rate Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the term "LIBOR" shall mean, for any LIBOR Rate Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%). If, for any reason, neither of such rates is available, then "LIBOR" shall mean the rate per annum at which, as determined by the Administrative Agent, Dollars in an amount comparable to the Loans then requested are being offered to leading banks at approximately 11:00 a.m. London time, two (2) Business Days prior to the commencement of the applicable Interest Period for settlement in immediately available funds by leading banks in the London interbank market for a period equal to the Interest Period selected.

 

"LIBOR Lending Office" shall mean, initially, the office of each Lender designated as such Lender's LIBOR Lending Office with the Administrative Agent; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the Borrower as the office of such Lender at which the LIBOR Rate Loans of such Lender are to be made.

 

"LIBOR Rate" shall mean a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula:

 

	  	  	  	  	  
	
LIBOR Rate =

	  	
LIBOR

	  	  
	  	  	  	  	  
	  	  	
1.00 – Eurodollar Reserve Percentage

	  	  

 

"LIBOR Rate Loan" shall mean Loans the rate of interest applicable to which is based on the LIBOR Rate.

 

"Lien" shall mean any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest or any priority or other security agreement or preferential arrangement having the practical effect of any

 

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of the foregoing, of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement and any Capital Lease having substantially the same economic effect as any of the foregoing).

 

"Loan" shall mean a Revolving Loan, a Swingline Loan, Initial Term Loan and/or the Delayed Draw Term Loan, as appropriate.

 

"LOC Commitment" shall mean the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Lender, the commitment of such Lender to purchase participation interests in the Letters of Credit up to such Lender's "LOC Commitment" as specified on Schedule 1.1-6 or in the Register, as such amount may be reduced from time to time in accordance with the provisions hereof.

 

"LOC Committed Amount" shall have the meaning set forth in Section 2.4(a).

 

"LOC Documents" shall mean, with respect to any Letter of Credit, such Letter of Credit, any amendments thereto, any documents delivered in connection therewith, any application therefor, and any agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or (b) any collateral security for such obligations.

 

"LOC Mandatory Borrowing" shall have the meaning set forth in Section 2.4(e).

 

"LOC Obligations" shall mean, at any time, the sum of (a) the maximum amount which is, or at any time thereafter may become, available to be drawn under Letters of Credit then outstanding, assuming compliance with all requirements for drawings referred to in such Letters of Credit plus (b) the aggregate amount of all drawings under Letters of Credit honored by the Issuing Lender but not theretofore reimbursed.

 

"Margin Stock" has the meaning assigned to that term in Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to time.

 

"Material Acquisition" shall mean any acquisition of assets and/or a business (including any acquisition of the Capital Stock or other equity interests of another Person) or series of such related acquisitions (a) that constitutes a Permitted Acquisition and (b) with respect to which, the total consideration for which exceeds $1,000,000.

 

"Material Adverse Effect" shall mean a material adverse effect on (a) the business, operations, property or condition (financial or otherwise) of the Credit Parties and their Subsidiaries taken as a whole, (b) the ability of the Borrower or any Guarantor to perform its obligations, when such obligations are required to be performed, under this Credit Agreement, any of the Notes or any other Credit Document or (c) the validity or enforceability of this Credit Agreement, any of the Notes or any of the other Credit Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder or the perfection or priority of any Lien in favor of the Administrative Agent on any material portion of the Collateral.

 

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"Material Contract" shall mean each of the contracts set forth on Schedule 1.1-3 annexed hereto and any other contract or other arrangement to which the Borrower or any of its Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect.

 

"Material Disposition" shall mean any disposition of assets or series of related dispositions of assets with a fair market value greater than $1,000,000.

 

"Maturity Date" shall mean (i) with respect to the Term Loan, the Term Loan Maturity Date and (ii) with respect to the Revolving Loans, the Revolving Commitment Termination Date.

 

"Moody's" shall mean Moody's Investors Service, Inc.

 

"Mortgage" shall mean a security instrument (whether designated as a deed of trust, a mortgage, a deed to secure debt or by any similar title) executed and delivered by any Credit Party in favor of the Administrative Agent, in such form as may be approved by the Administrative Agent in its sole discretion, in each case with such changes thereto as may be recommended by the Administrative Agent's local counsel based on local laws or customary local mortgage, deed to secured debt or deed of trust practices, as such security instrument may be amended, supplemented or otherwise modified from time to time.

 

"Mortgage Notice Date" shall mean the end of the second Fiscal Quarter or the end of the fourth Fiscal Quarter, as appropriate, of any Fiscal Year.

 

"Mortgaged Property" shall mean any real property of the Credit Parties subject to a Mortgage.

 

"Multiemployer Plan" shall mean any Employee Benefit Plan which is a "multiemployer plan" as defined in Section 3(37) of ERISA.

 

"Net Cash Consideration" shall mean, with respect to any Permitted Acquisition, (a) the gross purchase price paid by the Credit Parties and their Subsidiaries with respect to such Permitted Acquisition, reduced by (b) the net cash proceeds received by or to be received by the Credit Parties and their Subsidiaries from any sale and leaseback of real property acquired through such Permitted Acquisition and permitted under Section 6.8 to the extent (i) such sale and leaseback is consummated simultaneously with such Permitted Acquisition or (ii) a commitment letter, letter of intent or other binding contract pursuant to which such sale and leaseback will be provided has been executed and is in full force and effect as of the date of such Permitted Acquisition, and such sale and leaseback is consummated within 90 days after the date of such Permitted Acquisition in accordance with the terms of such commitment letter, letter of intent or binding contract (a copy of which shall be provided to the Administrative Agent prior to the consummation of such Permitted Acquisition).

 

"Net Cash Proceeds" shall mean the aggregate Cash proceeds received by any Credit Party or any Subsidiary in respect of any Asset Disposition, Debt Issuance or Recovery Event

 

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(including any Cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received), net of (a) direct costs (including, without limitation, legal, accounting and investment banking fees, and sales commissions), (b) taxes reasonably estimated to be actually payable in connection with such Asset Disposition, Debt Issuance or Recovery Event as a result of such Asset Disposition, Debt Issuance or Recovery Event, (c) with respect to any Asset Disposition or Recovery Event, payment of the principal amount, premium or penalty, if any, on any Indebtedness (other than the Obligations) secured by a Lien on the assets or Capital Stock sold and required to be repaid because of such Asset Disposition or Recovery Event, and (d) with respect to any Asset Disposition, reasonable reserves established in good faith by the Borrower (and reasonably acceptable to the Administrative Agent) in respect of (i) possible adjustments to the sale price, (ii) any retained liabilities or obligations relating to the assets sold and (iii) indemnification obligations undertaken with respect to indemnification provisions and representations and warranties in connection with such Asset Disposition. "Net Cash Proceeds" shall include, without limitation, any Cash received upon the sale or other disposition of any non-cash consideration received by any Credit Party or any Subsidiary in any Asset Disposition, Debt Issuance or Recovery Event.

 

"Note" or "Notes" shall mean the Revolving Notes, the Swingline Note and/or the Term Notes, collectively, separately or individually, as appropriate.

 

"Notice of Borrowing" shall mean the written notice of borrowing as referenced and defined in Section 2.1(b)(i), 2.2(b)(i) or 2.5(b)(i), as appropriate.

 

"Notice of Conversion" shall mean the written notice of extension or conversion as referenced and defined in Section 2.11.

 

"Obligations" shall mean, collectively, Loans and LOC Obligations and all other obligations of the Credit Parties to the Administrative Agent and the Lenders under the Credit Documents.

 

"OFAC" shall mean the U.S. Department of the Treasury's Office of Foreign Assets Control.

 

"Officer's Certificate" shall mean, as applied to any corporation, a certificate executed on behalf of such corporation by a Responsible Officer; provided that every Officers' Certificate with respect to the compliance with a condition precedent to the making of any Loans hereunder shall include (a) a statement that the Responsible Officer making or giving such Officers' Certificate has read such condition and any definitions or other provisions contained in this Agreement relating thereto, (b) a statement that, in the opinion of the signers, they have made or have caused to be made such examination or investigation as is necessary to enable them to express an informed opinion as to whether or not such condition has been complied with, and (c) a statement as to whether, in the opinion of the signers, such condition has been complied with.

 

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"Operating Lease" shall mean, as applied to any Person, any lease (including leases that may be terminated by the lessee at any time) of any property (whether real, personal or mixed) that is not a Capital Lease other than any such lease under which that Person is the lessor.

 

"Other Taxes" shall mean all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Credit Document.

 

"Participant" has the meaning assigned to such term in clause (d) of Section 9.6.

 

"Participation Interest" shall mean the purchase by a Lender of a participation interest in Letters of Credit as provided in Section 2.4 and in Swingline Loans as provided in Section 2.5.

 

"Patent License" shall mean all agreements, whether written or oral, providing for the grant by or to a Credit Party of any right to manufacture, use or sell any invention covered by a Patent, including, without limitation, any thereof referred to in Schedule 3.21.

 

"Patents" shall mean (a) all letters patent of the United States or any other country and all reissues and extensions thereof, including, without limitation, any thereof referred to in Schedule 3.21, and (b) all applications for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part thereof, including, without limitation, any thereof referred to in Schedule 3.21.

 

"Patriot Act" shall mean the USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001, as amended, modified or replaced from time to time.

 

"PBGC" shall mean the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA, or any successor thereto.

 

"Pension Plan" shall mean any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to Section 412 of the Internal Revenue Code or Section 302 of ERISA.

 

"Permitted Acquisition" shall mean an acquisition of assets or a business effected in accordance with the provisions of Section 6.7(d).

 

"Permitted Encumbrances" shall mean the following types of Liens (excluding any such Lien imposed pursuant to Section 401(a)(29) or 412(n) of the Code or by ERISA, any such Lien relating to or imposed in connection with any Environmental Claim, and any such Lien expressly prohibited by any applicable terms of any of the Security Documents):

 

(a) Liens for taxes, assessments or governmental charges or claims the payment of which is not, at the time, required by Section 5.3;

 

(b) statutory Liens of landlords, statutory Liens of banks and rights of set-off, statutory Liens of carriers, warehousemen, mechanics, repairmen, workmen and materialmen, and other Liens imposed by law, in each case incurred in the ordinary

 

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course of business (i) for amounts not yet overdue or (ii) for amounts that are overdue and that (in the case of any such amounts overdue for a period in excess of 30 days) are being contested in good faith by appropriate proceedings, so long as (A) such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made for any such contested amounts, and (B) in the case of a Lien with respect to any portion of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral on account of such Lien;

 

(c) Liens incurred or deposits made in the ordinary course of business in connection with workers' compensation, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money), so long as no foreclosure, sale or similar proceedings have been commenced with respect to any portion of the Collateral on account thereof;

 

(d) any attachment or judgment Lien not constituting an Event of Default under Section 7.1(h);

 

(e) leases or subleases granted to third parties in accordance with any applicable terms of the Security Documents and not interfering in any material respect with the ordinary conduct of the business of the Borrower or any of its Subsidiaries or resulting in a material diminution in the value of any Collateral as security for the Credit Party Obligations;

 

(f) easements, rights-of-way, restrictions, encroachments, and other minor defects or irregularities in title, in each case which do not and will not interfere in any material respect with the ordinary conduct of the business of the Borrower or any of its Subsidiaries or result in a material diminution in the value of any Collateral as security for the Credit Party Obligations;

 

(g) any (i) interest or title of a lessor or sublessor under any lease permitted under this Agreement, (ii) restriction or encumbrance that the interest or title of such lessor or sublessor may be subject to, or (iii) subordination of the interest of the lessee or sublessee under such lease to any restriction or encumbrance referred to in the preceding clause (ii), so long as the holder of such restriction or encumbrance agrees to recognize (if required to do so pursuant to the provisions of such lease) the rights of such lessee or sublessee under such lease;

 

(h) Liens arising from filing Uniform Commercial Code financing statements relating to leases permitted by this Agreement or consignments or similar arrangements relating to the sale of goods in the ordinary course of business;

 

(i) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods;

 

(j) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any real property;

 

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(k) Liens securing obligations (other than obligations representing Indebtedness for borrowed money) under operating, reciprocal easement or similar agreements entered into in the ordinary course of business of the Borrower and its Subsidiaries;

 

(l) licenses of Intellectual Property rights granted by the Borrower or any of its Subsidiaries in the ordinary course of business and not interfering in any material respect with the ordinary conduct of the business of the Borrower or such Subsidiary; and

 

(m) Liens in favor of a Hedging Agreement Provider in connection with any Secured Hedging Agreement, but only if such Hedging Agreement Provider and the Administrative Agent, on behalf of the Lenders, shall share pari passu in the Collateral subject to such Liens.

 

"Permitted Investments" shall have the meaning set forth in Section 6.3.

 

"Permitted Liens" shall have the meaning set forth in Section 6.2.

 

"Permitted Sale Leaseback Transactions" shall mean sale leaseback transactions that are permitted pursuant to Section 6.8 of this Agreement.

 

"Person" shall mean any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

 

"Pledge Agreement" shall mean the Third Amended and Restated Pledge Agreement dated as of the Closing Date to be executed in favor of the Administrative Agent, for the benefit of the Lenders, by the Borrower and each of the other Credit Parties, as amended, modified, restated or supplemented from time to time.

 

"Pledged Collateral" shall have the meaning set forth in the Pledge Agreement.

 

"Prime Rate" shall have the meaning set forth in the definition of Alternate Base Rate.

 

"PTO" shall mean the United States Patent and Trademark Office.

 

"Real Property Asset" shall mean, at any time of determination, any interest then owned by any Credit Party in any real property.

 

"Recovery Event" shall mean (a) theft, loss, physical destruction or damage, taking or similar event with respect to any property or assets owned by the Borrower or any of its Subsidiaries which results in the receipt by the Borrower or any of its Subsidiaries of any cash insurance proceeds or condemnation award payable by reason thereof and (b) any event resulting in the receipt by the Borrower or any of its Subsidiaries of business interruption insurance proceeds.

 

"Register" shall have the meaning set forth in Section 9.6(c).

 

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"Related Agreements" shall mean, collectively, the Related Financing Documents and the Affiliate Agreements.

 

"Related Financing Documents" shall mean, collectively, the Senior Subordinated Notes, the Senior Subordinated Note Indenture, the Senior Subordinated Convertible Notes, the Senior Subordinated Convertible Note Indenture and all other agreements or instruments delivered pursuant to or in connection with any of the foregoing including any purchase agreement or registration rights agreement.

 

"Related Parties" shall mean, with respect to any Person, such Person's Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person's Affiliates.

 

"Release" shall mean any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Materials into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Materials), including the movement of any Hazardous Materials through the air, soil, surface water or groundwater.

 

"Required Delayed Draw Term Loan Lenders" shall mean, as of any date of determination, Delayed Draw Term Loan Lenders holding at least a majority of the outstanding Delayed Draw Term Loans and the outstanding Delayed Draw Term Loan Commitments (to the extent such Delayed Draw Term Loan Commitments have not been funded and remain in effect); provided, however, that if any Delayed Draw Term Loan Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Delayed Draw Term Loan Lenders, Obligations owing to such Defaulting Lender and such Defaulting Lender's Delayed Draw Term Loan Commitments.

 

"Required Initial Term Loan Lenders" shall mean, as of any date of determination, Initial Term Loan Lenders holding at least a majority of the outstanding Initial Term Loan; provided, however, that if any Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Initial Term Loan Lenders, Obligations owing to such Defaulting Lender.

 

"Required Lenders" shall mean, as of any date of determination, Lenders holding at least a majority of (a) the outstanding Revolving Commitments, Delayed Draw Term Loan Commitments (to the extent such Delayed Draw Term Loan Commitments have not been funded and remain in effect), Initial Term Loan and Delayed Draw Term Loan or (b) if the Commitments have been terminated, the outstanding Loans and Participation Interests; provided, however, that if any Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Lenders, Credit Party Obligations (including Participation Interests) owing to such Defaulting Lender and such Defaulting Lender's Commitments.

 

"Required Revolving Lenders" shall mean, as of any date of determination, Revolving Lenders holding at least a majority of (a) the outstanding Revolving Commitments or (b) if the

 

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Revolving Commitments have been terminated, the outstanding Revolving Loans and Participation Interests; provided, however, that if any Revolving Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Revolving Lenders, Obligations (including Participation Interests) owing to such Defaulting Lender and such Defaulting Lender's Revolving Commitments.

 

"Required Term Loan Lenders" shall mean, as of any date of determination, Lenders holding at least a majority of the outstanding Initial Term Loans, Delayed Draw Term Loans and the Delayed Draw Term Loan Commitments (to the extent such Delayed Draw Term Loan Commitments have not been funded and remain in effect); provided, however, that if any such Lender shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Term Loan Lenders, Obligations owing to such Defaulting Lender and such Defaulting Lender's Term Loan Commitments.

 

"Requirement of Law" shall mean, as to any Person, the Certificate of Incorporation and By-laws or other organizational or governing documents of such Person, and each law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

 

"Responsible Officer" shall mean any executive officer and, with respect to financial matters, the chief financial officer, chief accounting officer, controller or treasurer.

 

"Restricted Junior Payment" shall mean (a) any dividend or other distribution, direct or indirect, on account of any shares of any class of stock of the Borrower now or hereafter outstanding, except a dividend payable solely in shares of that class of stock to the holders of that class, (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of stock of the Borrower now or hereafter outstanding, (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of stock of the Borrower now or hereafter outstanding, and (d) except for any refinancings, exchanges, extensions and renewals permitted pursuant to Section 6.1(f), any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase, retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness.

 

"Revolving Commitment" shall mean, with respect to each Revolving Lender, the commitment of such Revolving Lender to make Revolving Loans in an aggregate principal amount at any time outstanding up to the amount of such Revolving Lender's "Revolving Commitment" as specified in on Schedule 1.1-6 or in the Register, as such amount may be reduced or increased from time to time in accordance with the terms hereof.

 

"Revolving Commitment Percentage" shall mean, for each Revolving Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 1.1-6 or in the Register, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

 

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"Revolving Commitment Termination Date" shall mean the date that is six (6) years after the Closing Date.

 

"Revolving Committed Amount" shall have the meaning set forth in Section 2.1.

 

"Revolving Facility" shall mean Revolving Commitments and the Extensions of Credit made pursuant to Sections 2.1, 2.4 and 2.5.

 

"Revolving Lender" shall mean, as of any date of determination, a Lender holding a Revolving Commitment, a Revolving Loan or a Participation Interest on such date.

 

"Revolving Loans" shall have the meaning set forth in Section 2.1.

 

"Revolving Note" or "Revolving Notes" shall mean the promissory notes of the Borrower in favor of each of the Lenders evidencing the Revolving Loans provided pursuant to Section 2.1(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, supplemented, extended, renewed or replaced from time to time.

 

"S&P" shall mean Standard & Poor's Ratings Group, a division of The McGraw Hill Companies, Inc.

 

"Sanctioned Country" shall mean a country subject to a sanctions program identified on the list maintained by OFAC and made publicly available, or as otherwise published from time to time.

 

"Sanctioned Person" shall mean (i) a Person named on the list of "Specially Designated Nationals and Blocked Persons" maintained by OFAC and made publicly available, or as otherwise published from time to time, or (ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a Sanctioned Country, or (C) a person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC.

 

"Scheduled Debt Payments" shall mean, as of any date of determination for the Credit Parties and their Subsidiaries, the sum of all scheduled payments of principal on Indebtedness for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination), as such scheduled payments may be adjusted from time to time as a result of mandatory prepayments made pursuant to Section 2.8(b).

 

"Secured Hedging Agreement" shall mean (a) any Existing Hedging Agreement and (b) any Hedging Agreement (other than any Convertible Hedging Agreement) between a Credit Party and a Hedging Agreement Provider, as amended, modified, supplemented, extended or restated from time to time.

 

"Security Agreement" shall mean the Third Amended and Restated Security Agreement dated as of the Closing Date given by the Borrower and the other Credit Parties to the Administrative Agent, for the benefit of the Lenders, as amended, modified or supplemented from time to time in accordance with its terms.

 

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"Security Documents" shall mean the Security Agreement, the Pledge Agreement, the Mortgages, the Additional Mortgages, the Collateral Account Agreement and any other documents executed and delivered in connection with the granting, attachment and perfection of the Administrative Agent's security interests and liens arising thereunder, including, without limitation, Uniform Commercial Code financing statements.

 

"Senior Secured Leverage Incurrence Test" shall mean the requirement that the Consolidated Senior Secured Leverage Ratio shall be less than 4.0 to 1.0.

 

"Senior Subordinated Convertible Note Indenture" shall mean the indenture dated as of November 22, 2005, among the Borrower, the guarantors named therein and U.S. Bank National Association as successor to Wachovia, as trustee, pursuant to which the Senior Subordinated Convertible Notes were issued, as such indenture may be amended from time to time to the extent permitted under Section 6.13.

 

"Senior Subordinated Convertible Notes" shall mean the 3.0% Senior Subordinated Convertible Notes due 2012 of the Borrower issued pursuant to the Senior Subordinated Convertible Note Indenture, as such convertible notes may be amended from time to time to the extent permitted under Section 6.13.

 

"Senior Subordinated Note Indenture" shall mean the indenture dated as of February 13, 2004, among the Borrower, the guarantors named therein and U.S. Bank National Association as successor to Wachovia, as trustee, pursuant to which the Senior Subordinated Notes were issued, as such indenture may be amended from time to time to the extent permitted under Section 6.13.

 

"Senior Subordinated Notes" shall mean the 7.75% Senior Subordinated Notes due 2014 of the Borrower issued pursuant to the Senior Subordinated Note Indenture, as such notes may be amended from time to time to the extent permitted under Section 6.13.

 

"Solvent" shall mean, with respect to any Person, as of the date of determination that such Person is "solvent" within the meaning given that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

 

"Subordinated Indebtedness" shall mean (a) the Indebtedness of the Borrower evidenced by the Senior Subordinated Notes, the Indebtedness of the Borrower evidenced by the Senior Subordinated Convertible Notes and any subordinated indebtedness issued in compliance with Section 6.1(f) and (b) any other Indebtedness of the Borrower subordinated in right of payment to the Credit Party Obligations pursuant to documentation containing maturities, amortization schedules, covenants, defaults, remedies, subordination provisions and other material terms in form and substance reasonably satisfactory to the Administrative Agent.

 

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"Subsidiary" shall mean, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a "Subsidiary" or to "Subsidiaries" in this Credit Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower.

 

"Swingline Commitment" shall mean the commitment of the Swingline Lender to make Swingline Loans in an aggregate principal amount at any time outstanding up to the Swingline Committed Amount, and the commitment of the Lenders to purchase participation interests in the Swingline Loans as provided in Section 2.5(b)(ii), as such amounts may be reduced from time to time in accordance with the provisions hereof.

 

"Swingline Committed Amount" shall have the meaning set forth in Section 2.5(a).

 

"Swingline Lender" shall mean Wachovia or any successor swingline lender hereunder.

 

"Swingline Loan" or "Swingline Loans" shall have the meaning set forth in Section 2.5(a).

 

"Swingline Mandatory Borrowing" shall have the meaning set forth in Section 2.5(b)(ii).

 

"Swingline Note" shall mean the promissory note of the Borrower in favor of the Swingline Lender evidencing the Swingline Loans provided pursuant to Section 2.5(d), as such promissory note may be amended, modified, supplemented, extended, renewed or replaced from time to time.

 

"Taxes" shall mean all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

"Term Loan Commitment" shall mean the Initial Term Loan Commitment and/or the Delayed Draw Term Loan Commitment, as applicable.

 

"Term Loan Lender" shall mean, as of any date of determination, a Lender holding a Term Loan Commitment or a Term Loan on such date.

 

"Term Loan Maturity Date" shall mean the date that is seven (7) years after the Closing Date.

 

"Term Loans" shall mean, collectively, the Initial Term Loan and the Delayed Draw Term Loan.

 

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"Term Note" or "Term Notes" shall mean the promissory notes of the Borrower in favor of each of the Term Loan Lenders evidencing the portion of the applicable Term Loan provided pursuant to Section 2.2, individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

 

"Trademark License" shall mean any agreement, written or oral, providing for the grant by or to a Credit Party of any right to use any Trademark, including, without limitation, any thereof referred to in Schedule 3.21.

 

"Trademarks" shall mean (a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade dress and service marks, logos and other source or business identifiers, and the goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, including, without limitation, any thereof referred to in Schedule 3.21, and (b) all renewals thereof, including, without limitation, any thereof referred to in Schedule 3.21.

 

"Tranche" shall mean the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day. A Tranche may sometimes be referred to as a "LIBOR Tranche".

 

"Transfer Closing Date" shall have the meaning set forth in each Assignment and Assumption.

 

"Type" shall mean, as to any Loan, its nature as an Alternate Base Rate Loan or LIBOR Rate Loan, as the case may be.

 

"Voting Stock" shall mean, with respect to any Person, Capital Stock issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the happening of such a contingency.

 

"Wachovia" shall mean Wachovia Bank, National Association, a national banking association.

 

"Works" shall mean all works which are subject to copyright protection pursuant to Title 17 of the United States Code.

 

Section 1.2 Other Definitional Provisions.

 

The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words "include," "includes" and "including" shall be

 

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deemed to be followed by the phrase "without limitation." The word "will" shall be construed to have the same meaning and effect as the word "shall." Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person's successors and assigns, (c) the words "herein," "hereof" and "hereunder," and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time and (f) the words "asset" and "property" shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

 

Section 1.3 Accounting Terms.

 

Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP applied on a basis consistent with the most recent audited consolidated financial statements of the Borrower delivered to the Lenders; provided that, if the Borrower shall notify the Administrative Agent that it wishes to amend any covenant in Section 6.6 to appropriately reflect the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Section 6.6 for such purpose), then the Borrower's compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Lenders.

 

Section 1.4 Time References.

 

Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

 

Section 1.5 Execution of Documents.

 

Unless otherwise specified, all Credit Documents and all other certificates executed in connection therewith must be signed by a Responsible Officer.

 

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ARTICLE II

 

THE LOANS; AMOUNT AND TERMS

 

Section 2.1 Revolving Loans.

 

(a) Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Revolving Lender severally agrees to make available to the Borrower from time to time such Revolving Lender's Revolving Commitment Percentage of revolving credit loans ("Revolving Loans") in an aggregate principal amount of up to TWO HUNDRED AND TWENTY-FIVE MILLION DOLLARS ($225,000,000) (as increased from time to time as provided in Section 2.3 and as reduced from time to time as provided in Section 2.7, the "Revolving Committed Amount") for the purposes hereinafter set forth; provided, however, that (i) with regard to each Revolving Lender individually, the sum of such Revolving Lender's Revolving Commitment Percentage of outstanding Revolving Loans plus such Revolving Lender's Revolving Commitment Percentage of outstanding Swingline Loans plus such Revolving Lender's Revolving Commitment Percentage of LOC Obligations shall not exceed such Revolving Lender's Revolving Commitment, and (ii) with regard to the Revolving Lenders collectively, the sum of the outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof; provided that all Revolving Loans made on the Closing Date or for the two Business Days following the Closing Date shall only consist of Alternate Base Rate Loans.

 

(b) Revolving Loan Borrowings.

 

(i) Notice of Borrowing. The Borrower may request a Revolving Loan borrowing by delivering a Notice of Borrowing (or telephone notice promptly confirmed in writing by delivery of a Notice of Borrowing, which delivery may be by fax) to the Administrative Agent not later than 12:00 p.m. on the Business Day prior to the date of requested borrowing in the case of Alternate Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of LIBOR Rate Loans. Each such request for borrowing shall be irrevocable, shall be substantially in the form of the Notice of Borrowing (a "Notice of Borrowing") attached hereto as Schedule 2.1(b)(i) and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, (D) whether the borrowing shall be comprised of Alternate Base Rate Loans, LIBOR Rate Loans or a combination thereof, and if LIBOR Rate Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a LIBOR Rate Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such

 

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notice shall be deemed to be a request for an Alternate Base Rate Loan hereunder. The Administrative Agent shall give notice to each Revolving Lender promptly, of each Notice of Borrowing, the contents thereof and each such Revolving Lender's share thereof.

 

(ii) Advances. Each Revolving Lender will make its Revolving Commitment Percentage of each Revolving Loan borrowing available to the Administrative Agent for the account of the Borrower, in Dollars and in funds immediately available to the Administrative Agent, at the office of the Administrative Agent specified in Section 9.2, or such other office as the Administrative Agent may designate in writing, upon reasonable advance notice by 1:00 p.m. on the date specified in the applicable Notice of Borrowing. Such borrowing will then be made available to the Borrower by the Administrative Agent by crediting the account of the Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative Agent.

 

(c) Repayment. The principal amount of all Revolving Loans shall be due and payable in full on the Revolving Commitment Termination Date.

 

(d) Interest. Subject to the provisions of Section 2.10, Revolving Loans shall bear interest as follows:

 

(i) Alternate Base Rate Loans. During such periods as Revolving Loans shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Margin; and

 

(ii) LIBOR Rate Loans. During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Margin.

 

Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

 

(e) Revolving Notes. Upon the request of a Revolving Lender, such Revolving Lender's Revolving Commitment shall be evidenced by a duly executed promissory note of the Borrower to such Revolving Lender in substantially the form of Schedule 2.1(e). The Borrower covenants and agrees to pay the Revolving Loans in accordance with the terms of this Agreement.

 

Section 2.2 Term Loan Facility.

 

(a) Initial Term Loan. Subject to the terms and conditions hereof, each Initial Term Loan Lender severally agrees to make available to the Borrower (through the Administrative Agent) on the Closing Date such Initial Term Loan Lender's Initial Term

 

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Loan Commitment Percentage of a term loan in Dollars (the "Initial Term Loan") in the aggregate principal amount of THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000) (the "Initial Term Loan Committed Amount"), for the purposes hereinafter set forth. The Initial Term Loan may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, that on the Closing Date and for the two Business Days following the Closing Date, a Initial Term Loan borrowing shall only consist of Alternate Base Rate Loans unless the Borrower delivers to the Administrative Agent a funding indemnity letter in form and substance satisfactory to the Administrative Agent at least three (3) Business Days prior to the Closing Date. Amounts repaid or prepaid on the Initial Term Loan may not be reborrowed.

 

(i) Repayment of Initial Term Loan. The principal amount of the Initial Term Loan shall be repaid in twenty-eight (28) consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2:

 

	  	  	  	  
	

Principal Amortization Payment Date

	
  

	
Initial Term Loan

Principal Amortization

Payment

	
September 30, 2007

	
  

	
$

	
875,000

	
December 31, 2007

	
  

	
$

	
875,000

	
March 31, 2008

	
  

	
$

	
875,000

	
June 30, 2008

	
  

	
$

	
875,000

	
September 30, 2008

	
  

	
$

	
875,000

	
December 31, 2008

	
  

	
$

	
875,000

	
March 31, 2009

	
  

	
$

	
875,000

	
June 30, 2009

	
  

	
$

	
875,000

	
September 30, 2009

	
  

	
$

	
875,000

	
December 31, 2009

	
  

	
$

	
875,000

	
March 31, 2010

	
  

	
$

	
875,000

	
June 30, 2010

	
  

	
$

	
875,000

	
September 30, 2010

	
  

	
$

	
875,000

	
December 31, 2010

	
  

	
$

	
875,000

	
March 31, 2011

	
  

	
$

	
875,000

	
June 30, 2011

	
  

	
$

	
875,000

	
September 30, 2011

	
  

	
$

	
875,000

	
December 31, 2011

	
  

	
$

	
875,000

 

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March 31, 2012

	
  

	
$

	
875,000

	
June 30, 2012

	
  

	
$

	
875,000

	
September 30, 2012

	
  

	
$

	
875,000

	
December 31, 2012

	
  

	
$

	
875,000

	
March 31, 2013

	
  

	
$

	
875,000

	
June 30, 2013

	
  

	
$

	
875,000

	
September 30, 2013

	
  

	
$

	
875,000

	
December 31, 2013

	
  

	
$

	
875,000

	
March 31, 2014

	
  

	
$

	
875,000

	
Term Loan Maturity Date

	
  

	  	
The remaining

principal amount

then outstanding

 

The outstanding principal amount of the Initial Term Loan and all accrued but unpaid interest and other amounts payable with respect to the Initial Term Loan shall be repaid on the Term Loan Maturity Date.

 

(b) Delayed Draw Term Loan. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Delayed Draw Term Loan Lender severally agrees to make available to the Borrower (through the Administrative Agent) on each Delayed Draw Funding Date, in accordance with clause (C) below, such Delayed Draw Term Loan Lender's Delayed Draw Term Loan Commitment Percentage of a term loan in Dollars (each a "Delayed Draw Term Loan") in the aggregate principal amount after giving effect to all Delayed Draw Term Loan borrowings of up to ONE HUNDRED MILLION DOLLARS ($100,000,000) (the "Delayed Draw Term Loan Committed Amount") for the purposes hereinafter set forth. A Delayed Draw Term Loan borrowing may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, that on the Closing Date and for the two (2) Business Days following the Closing Date, a Delayed Draw Term Loan borrowing shall only consist of Alternate Base Rate Loans. Amounts repaid or prepaid on a Delayed Draw Term Loan may not be reborrowed.

 

(i) Delayed Draw Term Loan Borrowings.

 

(A) Notice of Borrowing. The Borrower may request, up to four (4) times during the Delayed Draw Period, a Delayed Draw Term Loan borrowing by delivering a Notice of Borrowing (or telephone notice promptly confirmed in writing by delivery of a Notice of Borrowing which delivery may be by fax) to the Administrative Agent not later than 12:00 p.m. on the date of the requested borrowing in the case of Alternate Base Rate Loans and on the third Business Day prior to the date of the

 

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requested borrowing in the case of LIBOR Rate Loans. Each such Notice of Borrowing shall be irrevocable and shall specify and certify (1) that a Delayed Draw Term Loan borrowing is requested, (2) the date of the requested borrowing (which shall be a Business Day), (3) the aggregate principal amount to be borrowed, (4) whether the borrowing shall be comprised of Alternate Base Rate Loans, LIBOR Rate Loans or a combination thereof, and if LIBOR Rate Loans are requested, the Interest Period(s) therefor and (5) that, after giving pro forma effect to the requested Delayed Draw Term Loan borrowing, the Borrower will be in compliance with all financial covenants set forth in Section 6.6. If the Borrower shall fail to specify in any such Notice of Borrowing (y) an applicable Interest Period in the case of a LIBOR Rate Loan, then such notice shall be deemed to be a request for an Interest Period of one month or (z) the type of Loan requested, then such notice shall be deemed to be a request for an Alternate Base Rate Loan hereunder. The Administrative Agent shall give notice to each Delayed Draw Term Loan Lender promptly upon receipt of each Notice of Borrowing, the contents thereof and each such Delayed Draw Term Lender's share thereof.

 

(B) Minimum Amounts. Each Delayed Draw Term Loan borrowing that is made as an Alternate Base Rate Loan shall be in a minimum aggregate amount of $1,500,000 and in integral multiples of $500,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less). Each Delayed Draw Term Loan borrowing that is made as a LIBOR Rate Loan shall be in a minimum aggregate amount of $1,500,000 and in integral multiples of $500,000 in excess thereof (or the remaining amount of the Delayed Draw Term Loan Committed Amount, if less).

 

(C) Advances. Each Delayed Draw Term Loan Lender will make its Delayed Draw Term Loan Commitment Percentage of each Delayed Draw Term Loan borrowing available to the Administrative Agent, for the account of the Borrower, in Dollars and in funds immediately available to the Administrative Agent, at the office of the Administrative Agent specified in Section 9.2, or at such other office as the Administrative Agent may designate in writing, upon reasonable advance notice by 1:00 p.m. on the date specified in the applicable Notice of Borrowing. Such borrowing will then be made available to the Borrower by the Administrative Agent by crediting the account of the Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Delayed Draw Term Loan Lenders and in like funds as received by the Administrative Agent.

 

(ii) Repayment of Delayed Draw Term Loan. The outstanding amount under the Delayed Draw Term Loan (if any) shall be repaid in quarterly installments. The Borrower shall repay 0.25% of the outstanding Delayed Draw

 

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Term Loan (if any) (A) on the last day of the Fiscal Quarter following the Fiscal Quarter in which the first drawing under the Delayed Draw Term Loan was made and (B) on the last day of each Fiscal Quarter of the Borrower thereafter. The outstanding principal amount of the Delayed Draw Term Loan shall be due and payable on the Term Loan Maturity Date, unless accelerated sooner pursuant to Section 7.2.

 

(c) Interest on the Term Loan. Subject to the provisions of Section 2.10, the Term Loan shall bear interest as follows:

 

(i) Alternate Base Rate Loans. During such periods as the Term Loan shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the Applicable Margin; and

 

(ii) LIBOR Rate Loans. During such periods as the Term Loan shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Margin.

 

Interest on the Term Loan shall be payable in arrears on each Interest Payment Date.

 

(d) Term Notes. Upon the request of a Term Loan Lender, such Term Loan Lender's Initial Term Loan Commitment and/or Delayed Draw Term Loan Commitment shall be evidenced by a duly executed promissory note of the Borrower to such Term Loan Lender in substantially the form of Schedule 2.2(d). The Borrower covenants and agrees to pay the Term Loans in accordance with the terms of this Agreement.

 

Section 2.3 Incremental Facilities.

 

Subject to the terms and conditions set forth herein, the Borrower shall have the right, at any time and from time to time prior to the Revolving Commitment Termination Date, to incur additional Indebtedness under this Agreement in an aggregate amount of up to $200,000,000 (each, an "Incremental Facility") which may be borrowed in the form of (a) one or more increases to the Revolving Committed Amount (the "Additional Revolving Loans") and/or (b) a term loan facility (the "Additional Term Loan"; together with any Additional Revolving Loans, the "Additional Loans"), in an aggregate amount of up to $200,000,000. The following terms and conditions shall apply: (i) the aggregate amount of all Additional Loans shall not at any time exceed $200,000,000, (ii) any Additional Revolving Loans shall have the same terms as the existing Revolving Loans, (iii) the terms and conditions of any Additional Term Loans shall be reasonably satisfactory to the Administrative Agent and the Additional Loan Lenders (as such term is defined below), (iv) the loans made under any Incremental Facility shall constitute Credit Party Obligations, (v) any Additional Term Loan shall not have a shorter maturity or weighted average life than the Term Loan, and shall have other terms and conditions reasonably acceptable to the Administrative Agent, (vi) any Additional Loans shall be entitled to the same voting rights as the existing Loans and shall be entitled to receive proceeds of prepayments on

 

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the same basis as comparable Loans, (vii) the Borrower shall have received commitments from one or more existing Lenders or from other banks, financial institutions or investment funds, in each case in accordance with the terms set forth below (such Persons being referred to herein as the "Additional Loan Lenders"); provided that no existing Lender shall be required to provide a commitment with respect to such Incremental Facility, (viii) each Additional Loan shall be in a minimum principal amount of $10,000,000 and integral multiples of $1,000,000 in excess thereof, (ix) the proceeds of any Additional Loans will be used to finance capital expenditures and working capital and other general corporate purposes, including Permitted Acquisitions, (x) the Borrower shall execute such promissory notes as are necessary and requested by the Additional Loan Lenders to reflect the Additional Loans, (ix) the interest rate margins with respect to any Additional Term Loan shall be determined by the Borrower and the Additional Term Loan lenders providing such Additional Term Loan, (x) the conditions to Extensions of Credit in Section 4.1(b) and (c) and Section 4.2 shall have been satisfied and (xi) the Administrative Agent shall have received from the Borrower an Officer's Certificate, in form and substance reasonably satisfactory to the Administrative Agent, demonstrating that, after giving effect to any such Additional Loan, the Borrower will be (A) in compliance with the Senior Secured Leverage Incurrence Test and (B) in pro forma compliance with all financial covenants set forth in Section 6.6. The Borrower may invite other banks, financial institutions and investment funds reasonably acceptable to the Administrative Agent to join this Credit Agreement as Lenders hereunder for a portion of the Additional Loans, provided that such other banks, financial institutions and investment funds shall enter into such joinder agreements to give effect thereto as the Administrative Agent and the Borrower may reasonably request. In the case of Additional Revolving Loans, the existing Lenders shall make such assignments (which assignments shall not be subject to the requirements set forth in Section 9.6(c)) of the outstanding Revolving Loans and Participation Interests to the Additional Loan Lenders providing any Additional Revolving Loans so that, after giving effect to such assignments, each Lender holding a Revolving Commitment (including such Additional Loan Lenders) will hold Revolving Loans and Participation Interests equal to its Commitment Percentage of all outstanding Revolving Loans, Swingline Loans and LOC Obligations. Notwithstanding any provision of this Credit Agreement to the contrary, the Administrative Agent is authorized (with the consent of the Borrower and the Additional Loan Lenders), to enter into, on behalf of all Lenders, any amendment, modification or supplement to this Credit Agreement or any other Credit Document as may be necessary to incorporate the terms of any Additional Loans.

 

Section 2.4 Letter of Credit Subfacility.

 

(a) Issuance. Subject to the terms and conditions hereof and of the LOC Documents, if any, and any other terms and conditions which the Issuing Lender may reasonably require, during the Commitment Period the Issuing Lender shall issue, and the Revolving Lenders shall participate in, Letters of Credit for the account of the Borrower from time to time upon request in a form acceptable to the Issuing Lender; provided, however, that (i) the aggregate amount of LOC Obligations shall not at any time exceed ONE HUNDRED TWENTY MILLION DOLLARS ($120,000,000) (the "LOC Committed Amount"), (ii) the sum of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not at any time exceed the Revolving Committed Amount, (iii) all Letters of Credit shall be denominated in Dollars and

 

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(iv) Letters of Credit shall be issued for lawful corporate purposes and may be issued as standby letters of credit, including in connection with workers' compensation and other insurance programs, and trade letters of credit. Except as otherwise expressly agreed upon by all the Revolving Lenders, no Letter of Credit shall have an original expiry date more than twelve (12) months from the date of issuance; provided, however, so long as no Default or Event of Default has occurred and is continuing and subject to the other terms and conditions to the issuance of Letters of Credit hereunder, the expiry dates of Letters of Credit may be extended annually or periodically from time to time on the request of the Borrower or by operation of the terms of the applicable Letter of Credit to a date not more than twelve (12) months from the date of extension; provided, further, that no Letter of Credit, as originally issued or as extended, shall have an expiry date (or potential draw date) extending beyond the date that is ten (10) days prior to the Revolving Commitment Termination Date (including an expiry date after the Revolving Commitment Termination Date), unless such Letter of Credit is or will be cash collateralized (x) by an amount equal to 105% of the maximum amount available to be drawn thereunder and (y) on other terms satisfactory to the Issuing Lender. Each Letter of Credit shall comply with the related LOC Documents. The issuance and expiry date of each Letter of Credit shall be a Business Day. Any Letters of Credit issued hereunder shall be in a minimum original face amount of $25,000 (or such lesser amount as approved by the Issuing Lender). Wachovia shall be the Issuing Lender on all Letters of Credit issued after the Closing Date. The Borrower's reimbursement obligations in respect of each Existing Letter of Credit, and each Lender's participation obligations in connection therewith, shall be governed by the terms of this Credit Agreement.

 

(b) Notice and Reports. The request for the issuance of a Letter of Credit shall be submitted to the Issuing Lender at least five (5) Business Days prior to the requested date of issuance, or such shorter period in each instance as may be agreed to by the Issuing Lender. The Issuing Lender will promptly upon request provide to the Administrative Agent for dissemination to the Revolving Lenders a detailed report specifying the Letters of Credit which are then issued and outstanding and any activity with respect thereto which may have occurred since the date of any prior report, and including therein, among other things, the account party, the beneficiary, the face amount, expiry date as well as any payments or expirations which may have occurred. The Issuing Lender will further provide to the Administrative Agent promptly upon request copies of the Letters of Credit. The Issuing Lender will provide to the Administrative Agent promptly upon request a summary report of the nature and extent of LOC Obligations then outstanding.

 

(c) Participations. Each Revolving Lender, (i) on the Closing Date with respect to each Existing Letter of Credit and (ii) upon issuance of any other Letter of Credit, shall be deemed to have purchased without recourse a risk participation from the Issuing Lender in such Letter of Credit and the obligations arising thereunder and any collateral relating thereto, in each case in an amount equal to its Revolving Commitment Percentage of the obligations under such Letter of Credit and shall absolutely, unconditionally and irrevocably assume, as primary obligor and not as surety, and be obligated to pay to the Issuing Lender therefor and discharge when due, its Revolving

 

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Commitment Percentage of the obligations arising under such Letter of Credit. Without limiting the scope and nature of each Revolving Lender's participation in any Letter of Credit, to the extent that the Issuing Lender has not been reimbursed as required hereunder or under any LOC Document, each such Revolving Lender shall pay to the Issuing Lender its Revolving Commitment Percentage of such unreimbursed drawing in same day funds on the day of notification by the Issuing Lender of an unreimbursed drawing pursuant to and in accordance with the provisions of subsection (d) hereof. The obligation of each Revolving Lender to so reimburse the Issuing Lender shall be absolute and unconditional and shall not be affected by the occurrence of a Default, an Event of Default or any other occurrence or event. Any such reimbursement shall not relieve or otherwise impair the obligation of the Borrower to reimburse the Issuing Lender under any Letter of Credit, together with interest as hereinafter provided.

 

(d) Reimbursement. In the event of any drawing under any Letter of Credit, the Issuing Lender will promptly notify the Borrower and the Administrative Agent. The Borrower shall reimburse the Issuing Lender on the day on which the drawing under any Letter of Credit (with the proceeds of a Revolving Loan obtained hereunder or otherwise) is honored in same day funds as provided herein or in the LOC Documents. If the Borrower shall fail to reimburse the Issuing Lender as provided herein, the unreimbursed amount of such drawing shall bear interest at a per annum rate equal to the Alternate Base Rate plus two percent (2%) for so long as such amount shall be unreimbursed. Unless the Borrower shall notify the Issuing Lender and the Administrative Agent prior to 11:00 a.m. on the date the drawing is honored of its intent to otherwise reimburse the Issuing Lender, the Borrower shall be deemed to have requested a Revolving Loan (a "LOC Mandatory Borrowing") in the amount of the drawing as provided in subsection (e) hereof, the proceeds of which will be used to satisfy the reimbursement obligations. The Borrower's reimbursement obligations hereunder shall be absolute and unconditional under all circumstances irrespective of any rights of set-off, counterclaim or defense to payment the Borrower may claim or have against the Issuing Lender, the Administrative Agent, the Lenders, the beneficiary of the Letter of Credit drawn upon or any other Person, including without limitation any defense based on any failure of the Borrower to receive consideration or the legality, validity, regularity or unenforceability of the Letter of Credit. The Issuing Lender will promptly notify the other Revolving Lenders of the amount of any unreimbursed drawing and each Revolving Lender shall promptly pay to the Administrative Agent for the account of the Issuing Lender in Dollars and in immediately available funds, the amount of such Revolving Lender's Revolving Commitment Percentage of such unreimbursed drawing. Such payment shall be made on the day such notice is received by such Revolving Lender from the Issuing Lender if such notice is received at or before 2:00 p.m., otherwise such payment shall be made at or before 12:00 p.m. on the Business Day next succeeding the day such notice is received. If such Revolving Lender does not pay such amount to the Issuing Lender in full upon such request, such Revolving Lender shall, on demand, pay to the Administrative Agent for the account of the Issuing Lender interest on the unpaid amount during the period from the date of such drawing until such Revolving Lender pays such amount to the Issuing Lender in full at a rate per annum equal to, if paid within two (2) Business Days of the date of drawing, the Federal Funds Effective Rate and thereafter at

 

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a rate equal to the Alternate Base Rate. Each Revolving Lender's obligation to make such payment to the Issuing Lender, and the right of the Issuing Lender to receive the same, shall be absolute and unconditional, shall not be affected by any circumstance whatsoever and without regard to the termination of this Credit Agreement or the Commitments hereunder, the existence of a Default or Event of Default or the acceleration of the Credit Party Obligations under the Credit Documents and shall be made without any offset, abatement, withholding or reduction whatsoever.

 

(e) Repayment with Revolving Loans. On any day on which the Borrower shall have requested, or been deemed to have requested, a Revolving Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Revolving Lenders that a Revolving Loan has been requested or deemed requested in connection with a drawing under a Letter of Credit, in which case a Revolving Loan borrowing comprised entirely of Alternate Base Rate Loans (each such borrowing, a "Mandatory LOC Borrowing") shall be immediately made (without giving effect to any termination of the Commitments pursuant to Section 7.2) pro rata based on each Revolving Lender's respective Revolving Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 7.2). The proceeds of such LOC Mandatory Borrowing shall be paid directly to the Issuing Lender for application to the respective LOC Obligations. Each Revolving Lender hereby irrevocably agrees to make such Revolving Loans immediately upon any such request or deemed request on account of each LOC Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on the same such date notwithstanding (i) the amount of LOC Mandatory Borrowing may not comply with the minimum amount for borrowings of Revolving Loans otherwise required hereunder, (ii) whether any conditions specified in Section 4.2 are then satisfied, (iii) whether a Default or an Event of Default then exists, (iv) failure for any such request or deemed request for Revolving Loan to be made by the time otherwise required in Section 2.1(b), (v) the date of such LOC Mandatory Borrowing, or (vi) any reduction in the Revolving Committed Amount after any such Letter of Credit may have been drawn upon. In the event that any LOC Mandatory Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code), then each such Revolving Lender hereby agrees that it shall forthwith fund (as of the date the LOC Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from the Borrower on or after such date and prior to such purchase) its Participation Interests in the outstanding LOC Obligations; provided, further, that in the event any Revolving Lender shall fail to fund its Participation Interest on the date the LOC Mandatory Borrowing would otherwise have occurred, then the amount of such Revolving Lender's unfunded Participation Interest therein shall bear interest payable by such Revolving Lender to the Issuing Lender upon demand, at the rate equal to, if paid within two (2) Business Days of such date, the Federal Funds Effective Rate, and thereafter at a rate equal to the Alternate Base Rate.

 

(f) Modification, Extension. The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

 

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(g) Uniform Customs and Practices. The Issuing Lender shall have the Letters of Credit be subject to The Uniform Customs and Practice for Documentary Credits, as published as of the date of issue by the International Chamber of Commerce (the "UCP"), in which case the UCP may be incorporated therein and deemed in all respects to be a part thereof.

 

(h) Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Credit Agreement, including without limitation Section 2.4(a), a Letter of Credit issued hereunder shall upon the request of the Borrower be issued for the account of any Subsidiary of the Borrower, provided that notwithstanding such request, the Borrower shall be the actual account party for all purposes of this Credit Agreement for such Letter of Credit and such request shall not affect the Borrower's reimbursement obligations hereunder with respect to such Letter of Credit.

 

Section 2.5 Swingline Loan Subfacility.

 

(a) Swingline Commitment. During the Commitment Period, subject to the terms and conditions hereof, the Swingline Lender, in its individual capacity, agrees to make certain revolving credit loans to the Borrower (each a "Swingline Loan" and, collectively, the "Swingline Loans") for the purposes hereinafter set forth; provided, however, (i) the aggregate amount of Swingline Loans outstanding at any time shall not exceed FIFTEEN MILLION DOLLARS ($15,000,000) (the "Swingline Committed Amount"), and (ii) the sum of the outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount. Swingline Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.

 

(b) Swingline Loan Borrowings.

 

(i) Notice of Borrowing and Disbursement. The Swingline Lender will make Swingline Loans available to the Borrower on any Business Day upon written request made by the Borrower not later than 12:00 p.m. on such Business Day. A notice of request for Swingline Loan borrowing shall be made in the form of Schedule 2.1(b)(i) with appropriate modifications (which notice may be made by fax). Not later than 4:00 p.m. on the Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender shall make available to the Administrative Agent for the account of the Borrower, in Dollars and in funds immediately available to the Administrative Agent, at the office of the Administrative Agent specified in Section 9.2 or such other office as the Administrative Agent may designate in writing the requested Swingline Loans. Such borrowing will then be made available to the Borrower by the Administrative Agent by crediting the account of the Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Swingline Lender and in like funds as received by the Administrative Agent.

 

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(ii) Repayment of Swingline Loans. Each Swingline Loan borrowing shall be due and payable on the Revolving Commitment Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Administrative Agent, demand repayment of its Swingline Loans by way of a Revolving Loan borrowing, in which case the Borrower shall be deemed to have requested a Revolving Loan borrowing comprised entirely of Alternate Base Rate Loans in the amount of such Swingline Loans; provided, however, that, in the following circumstances, any such demand shall also be deemed to have been given one Business Day prior to each of (i) the Revolving Commitment Termination Date, (ii) the occurrence of any Event of Default described in Section 7.1(f) or Section 7.1(g), (iii) upon acceleration of the Credit Party Obligations under the Credit Documents, whether on account of an Event of Default described in Section 7.1(f) or Section 7.1(g) or any other Event of Default, and (iv) the exercise of remedies in accordance with the provisions of Section 7.2 hereof (each such Revolving Loan borrowing made on account of any such deemed request therefor as provided herein being hereinafter referred to as a "Swingline Mandatory Borrowing"). Each Revolving Lender hereby irrevocably agrees to make such Revolving Loans promptly upon any such request or deemed request on account of each Swingline Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on the same such date notwithstanding (A) the amount of Swingline Mandatory Borrowing may not comply with the minimum amount for borrowings of Revolving Loans otherwise required hereunder, (B) whether any conditions specified in Section 4.2 are then satisfied, (C) whether a Default or an Event of Default then exists, (D) failure of any such request or deemed request for Revolving Loans to be made by the time otherwise required in Section 2.1(b)(i), (E) the date of such Swingline Mandatory Borrowing, or (F) any reduction in the Revolving Committed Amount or termination of the Revolving Commitments immediately prior to such Swingline Mandatory Borrowing or contemporaneously therewith. In the event that any Swingline Mandatory Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code), then each Revolving Lender hereby agrees that it shall forthwith purchase (as of the date the Swingline Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from the Borrower on or after such date and prior to such purchase) from the Swingline Lender such participations in the outstanding Swingline Loans as shall be necessary to cause each such Revolving Lender to share in such Swingline Loans ratably based upon its respective Revolving Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 7.2); provided that (I) all interest payable on the Swingline Loans shall be for the account of the Swingline Lender until the date as of which the respective Revolving Lender's participation is purchased, and (II) at the time any purchase of participations pursuant to this sentence is actually made, the purchasing Revolving Lender shall be required to pay to the Swingline Lender interest on the principal amount of such participation purchased for each

 

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day from and including the date upon which the purchase occurs hereunder to but excluding the date of payment for such participation, at the rate equal to, if paid within two (2) Business Days of the date of the Swingline Mandatory Borrowing, the Federal Funds Effective Rate, and thereafter at a rate equal to the Alternate Base Rate.

 

(c) Interest on Swingline Loans. Subject to the provisions of Section 2.10, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

 

(d) Swingline Note. The Swingline Loans shall be evidenced by a duly executed promissory note of the Borrower to the Swingline Lender in the original amount of the Swingline Committed Amount and substantially in the form of Schedule 2.5(d). The Borrower covenants and agrees to pay the Swingline Loans in accordance with the terms of this Agreement.

 

Section 2.6 Fees.

 

(a) Commitment Fee. In consideration of the Revolving Commitments, the Borrower agrees to pay to the Administrative Agent for the ratable benefit of the Revolving Lenders a commitment fee (the "Commitment Fee") in an amount equal to the Applicable Margin per annum on the average daily unused amount of the Revolving Committed Amount. For purposes of computation of the Commitment Fee, LOC Obligations and Swingline Loans shall be considered usage of the Revolving Committed Amount. The Commitment Fee shall be payable quarterly on the last Business Day of each calendar quarter for such calendar quarter then ending.

 

(b) Letter of Credit Fees. In consideration of the LOC Commitments, the Borrower agrees to pay to the Issuing Lender for the ratable benefit of the Revolving Lenders a fee (the "Letter of Credit Fee") equal to the Applicable Margin per annum on the average daily maximum amount available to be drawn under each Letter of Credit from the date of issuance to the date of expiration. In addition to such Letter of Credit Fee, the Issuing Lender shall charge, and retain for its own account without sharing by the other Revolving Lenders, an additional facing fee (the "Letter of Credit Facing Fee") of one-quarter of one percent (0.25%) per annum on the average daily maximum amount available to be drawn under each such Letter of Credit issued by it. The Issuing Lender shall promptly pay over to the Administrative Agent for the ratable benefit of the Revolving Lenders (including the Issuing Lender in its capacity as a Revolving Lender), the Letter of Credit Fee. The Letter of Credit Fee and the Letter of Credit Facing Fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter for such calendar quarter then ending.

 

(c) Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (b) hereof, the Borrower shall pay to the Issuing Lender for its own account without sharing by the other Lenders the reasonable and customary charges

 

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from time to time of the Issuing Lender with respect to the amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the "Issuing Lender Fees").

 

(d) Administrative Fee. The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

 

(e) Delayed Draw Commitment Fee. The Borrower agrees to pay to the Administrative Agent, for the pro rata benefit of the Delayed Draw Term Loan Lenders, a ticking fee (the "Delayed Draw Commitment Fee") in an amount equal to (i) for the six months immediately following the Closing Date, 0.75% and (ii) thereafter until the first anniversary of the Closing Date, 0.875%, in each case per annum on the aggregate daily amount of the Delayed Draw Term Loan Committed Amount less any drawings of the Delayed Draw Term Loan (computed on the basis of the actual number of days elapsed over a 360-day year), which Delayed Draw Commitment Fee shall accrue from the Closing Date to, and shall be payable in full to the Administrative Agent on, the earlier to occur of (A) the Delayed Draw Commitment Termination Date and (B) the date the Delayed Draw Term Loan Commitments are terminated, regardless of whether any Delayed Draw Funding Date actually occurs.

 

Section 2.7 Commitment Reductions.

 

(a) Voluntary Reductions. The Borrower shall have the right to terminate or permanently reduce the unused portion of the Revolving Committed Amount and/or the Delayed Draw Term Loan Committed Amount at any time or from time to time upon not less than five Business Days' prior notice (which notice may be made by fax) to the Administrative Agent (which shall notify the Revolving Lenders and/or the Delayed Draw Term Loan Lenders, as applicable, thereof as soon as practicable) of each such termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction which shall be in a minimum amount of $1,000,000 or a whole multiple of $500,000 in excess thereof and shall be irrevocable and effective upon receipt by the Administrative Agent, provided that no such reduction or termination shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, (i) with respect to termination or reduction of the Revolving Committed Amount, the sum of the outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations would exceed the Revolving Committed Amount or (ii) with respect to termination or reduction of the Delayed Draw Term Loan Committed Amount, the sum of outstanding Delayed Draw Term Loans would exceed the Delayed Draw Term Loan Committed Amount.

 

(b) Revolving Commitment Termination Date. The Revolving Commitment, the Swingline Commitment and the LOC Commitment shall automatically terminate on the Revolving Commitment Termination Date.

 

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(c) Delayed Draw Commitment Termination Date. The Delayed Draw Term Loan Commitments shall automatically terminate on the Delayed Draw Commitment Termination Date.

 

Section 2.8 Prepayments.

 

(a) Optional Prepayments. The Borrower shall have the right to prepay Loans in whole or in part from time to time; provided, however, that each partial prepayment of a Revolving Loan and the Term Loans shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof, and each partial prepayment of a Swingline Loan shall be in a minimum principal amount of $100,000 and integral multiples of $50,000 in excess thereof. The Borrower shall give the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) three Business Days' irrevocable notice (which notice may be made by fax) of an optional payment in the case of LIBOR Rate Loans and one Business Day's irrevocable notice in the case of Alternate Base Rate Loans, such notice to be substantially in the form of Schedule 2.8(a). All optional prepayments pursuant to this Section 2.8(a) shall be applied as the Borrower may elect. All prepayments under this Section 2.8(a) shall be subject to Section 2.18, but otherwise without premium or penalty. Interest on the principal amount prepaid shall be payable on the date that a prepayment is made hereunder through the date of prepayment. Amounts prepaid on the Term Loan may not be reborrowed.

 

(b) Mandatory Prepayments.

 

(i) Revolving Committed Amount. If at any time after the Closing Date, the sum of the outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall exceed the Revolving Committed Amount, the Borrower immediately shall prepay the Loans in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vi) below).

 

(ii) Asset Dispositions. Promptly following any Asset Disposition by any Credit Party or any of their Subsidiaries in excess of $15,000,000 in the aggregate (for all Asset Dispositions) in any Fiscal Year, the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to the Net Cash Proceeds derived from such Asset Disposition (such prepayment to be applied as set forth in clause (vi) below); provided, however, that so long as no Default or Event of Default has occurred and is continuing, such Net Cash Proceeds shall not be required to be so applied to the extent the Borrower delivers to the Administrative Agent a certificate stating that the Borrower intends to reinvest such Net Cash Proceeds in additional assets or properties utilized or intended to be utilized in any business permitted under Section 6.12 (including Permitted Acquisitions) within 360 days of the receipt of such Net Cash Proceeds, it being expressly agreed that any Net Cash Proceeds not so reinvested by the end of the applicable period shall be applied to repay the Loans and/or cash collateralize the LOC Obligations immediately thereafter as set forth in clause (vi) below.

 

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(iii) Issuances. Immediately upon receipt by any Credit Party or any of their Subsidiaries of proceeds from any Debt Issuance, the Borrower shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Debt Issuance (each such prepayment to be applied as set forth in clause (vi) below).

 

(iv) Recovery Event. Promptly following the receipt of Cash proceeds from a Recovery Event in excess of $10,000,000 in the aggregate (for all Recovery Events) in any Fiscal Year by any Credit Party or any of their Subsidiaries, the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an aggregate amount equal to such Net Cash Proceeds (such prepayment to be applied as set forth in clause (vi) below); provided, however, that, so long as no Default or Event of Default has occurred and is continuing at the time of such Recovery Event, (A) the Credit Parties and their Subsidiaries may retain Net Cash Proceeds consisting of business interruption insurance proceeds and (B) any other Net Cash Proceeds shall not be required to be so applied to the extent the Borrower delivers to the Administrative Agent a certificate stating that the Borrower intends to use such Net Cash Proceeds to repair, restore or replace the assets subject to the Recovery Event within 360 days of the receipt of such Net Cash Proceeds, it being expressly agreed that any Net Cash Proceeds not so reinvested by the end of the applicable period shall be applied to repay the Loans and/or cash collateralize the LOC Obligations immediately thereafter as set forth in clause (vi) below.

 

(v) Excess Cash Flow. If the Consolidated Total Leverage Ratio is greater than 3.50 to 1.0 at the end of any Fiscal Year (commencing with the Fiscal Year ending September 27, 2007), within 95 days after such Fiscal Year end, the Borrower shall prepay the Loans and/or cash collateralize the LOC Obligations in an amount equal to the lesser of (a) 50% of the Excess Cash Flow earned during such Fiscal Year minus any voluntary prepayments of the Term Loan pursuant to Section 2.8(a) made during such Fiscal Year or (b) the amount of prepayment necessary to lower the Consolidated Total Leverage Ratio to 3.50 to 1.00, after giving pro forma effect to such prepayment. Any payments of Excess Cash Flow shall be applied as set forth in clause (vi) below.

 

(vi) Application of Mandatory Prepayments. All amounts required to be paid pursuant to this Section 2.8(b) shall be applied as follows: (A) with respect to all amounts prepaid pursuant to Section 2.8(b)(i), to the Revolving Loans and then (after all Revolving Loans have been repaid) to the Collateral Account in respect of LOC Obligations, (B) with respect to all amounts prepaid pursuant to Sections 2.8(b)(ii) through (v), (1) first, pro rata to the Term Loans (ratably to the remaining amortization payments relating thereto) and (2) second, after full payment of the Term Loans, to the Revolving Loans without a

 

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corresponding reduction in the Revolving Commitments and (after all Revolving Loans have been repaid) to the Collateral Account in respect of LOC Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Alternate Base Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.8(b) shall be subject to Section 2.18 and be accompanied by interest on the principal amount prepaid through the date of prepayment. In the event any amount required to be paid pursuant to this Section 2.8(b) is required to be applied to repay any LIBOR Rate Loan on any day other than the last day of the applicable Interest Period, so long as no Default or Event of Default has occurred and is continuing, the Borrower may request that such repayment amounts not be applied to the applicable LIBOR Rate Loan immediately, but rather be deposited in the Collateral Account. The Administrative Agent shall apply all such deposited amounts to repay the applicable LIBOR Rate Loans, in each case as of the last day of their respective Interest Periods (or, at the direction of the Borrower, at any earlier date) until the allocable amounts held in the Collateral Account for payment of such LIBOR Rate Loans have been exhausted. Upon the occurrence of a Default or an Event of Default, the Administrative Agent may, in its sole discretion, immediately apply all amounts held in the Collateral Account for payment of LIBOR Rate Loans to satisfy any of the Obligations.

 

(c) Hedging Obligations Unaffected. Any prepayment made pursuant to this Section 2.8 shall not affect the Borrower's obligation to continue to make payments under any Hedging Agreement, which shall remain in full force and effect notwithstanding such prepayment, subject to the terms of such Hedging Agreement.

 

Section 2.9 Minimum Borrowing Amounts and Lending Offices.

 

(a) Minimum Borrowing Amounts. Each Revolving Loan which is an Alternate Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 and in integral multiples of $50,000 in excess thereof (or the remaining amount of the Revolving Committed Amount, if less). Each Revolving Loan which is a LIBOR Rate Loan shall be in a minimum aggregate amount of $2,000,000 and in integral multiples of $100,000 in excess thereof. Each Swingline Loan borrowing shall be in a minimum aggregate amount of $50,000 and in integral amounts of $25,000 in excess thereof.

 

(b) Lending Offices. LIBOR Rate Loans shall be made by each Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office.

 

Section 2.10 Default Rate and Payment Dates.

 

Upon the occurrence and during the continuance of an Event of Default under Section 7.1(a), at the option of the Required Lenders, all outstanding principal of and, to the extent permitted by law, accrued interest on the Loans and any other amounts owing hereunder or under the other Credit Documents shall bear interest, payable on demand, at a per annum rate 2% greater than the rate which would otherwise be applicable (or if no rate is applicable, whether in respect of interest, fees or other amounts, then the Alternate Base Rate plus the Applicable Margin plus 2%).

 

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Section 2.11 Conversion and Continuation Options.

 

(a) The Borrower may, in the case of Revolving Loans and the Term Loan, elect from time to time to convert Alternate Base Rate Loans to LIBOR Rate Loans, by giving the Administrative Agent at least three Business Days' prior irrevocable written notice (which notice may be by fax) of such election. A form of Notice of Conversion/ Extension is attached as Schedule 2.11. If the date upon which an Alternate Base Rate Loan is to be converted to a LIBOR Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Alternate Base Rate Loan. All or any part of outstanding Alternate Base Rate Loans may be converted as provided herein; provided that (i) no Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing and (ii) partial conversions shall be in an aggregate principal amount of $2,000,000 or a whole multiple of $100,000 in excess thereof, or in any amount less than $2,000,000 which may represent the aggregate principal amount of all outstanding LIBOR Rate Loans.

 

(b) Any LIBOR Rate Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in Section 2.11(a); provided, that no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, in which case such Loan shall be automatically converted to an Alternate Base Rate Loan at the end of the applicable Interest Period with respect thereto. If the Borrower shall fail to give timely notice of an election to continue a LIBOR Rate Loan, or the continuation of LIBOR Rate Loans is not permitted hereunder, such LIBOR Rate Loans shall be automatically converted to Alternate Base Rate Loans at the end of the applicable Interest Period with respect thereto.

 

Section 2.12 Computation of Interest and Fees.

 

(a) Interest payable hereunder with respect to Alternate Base Rate Loans based on the Prime Rate shall be calculated on the basis of a year of 365 days (or 366 days, as applicable) for the actual days elapsed. All other fees, interest and all other amounts payable hereunder shall be calculated on the basis of a 360 day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a LIBOR Rate on the Business Day of the determination thereof. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate shall become effective as of the opening of business on the day on which such change in the Alternate Base Rate shall become effective. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change.

 

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(b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Credit Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement showing the computations used by the Administrative Agent in determining any interest rate.

 

(c) It is the intent of the Lenders and the Credit Parties to conform to and contract in strict compliance with applicable usury law from time to time in effect. All agreements between the Lenders and the Credit Parties are hereby limited by the provisions of this paragraph which shall override and control all such agreements, whether now existing or hereafter arising and whether written or oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any Obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in excess of the maximum nonusurious amount, any such construction shall be subject to the provisions of this paragraph and such interest shall be automatically reduced to the maximum nonusurious amount permitted under applicable law, without the necessity of execution of any amendment or new document. If any Lender shall ever receive anything of value which is characterized as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum nonusurious amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Loans and not to the payment of interest, or refunded to the Borrower or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Loans. The right to demand payment of the Loans or any other Indebtedness evidenced by any of the Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in the event of such demand. All interest paid or agreed to be paid to the Lenders with respect to the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Loans so that the amount of interest on account of such indebtedness does not exceed the maximum nonusurious amount permitted by applicable law.

 

Section 2.13 Pro Rata Treatment and Payments.

 

(a) Each borrowing of Revolving Loans and any reduction of the Revolving Commitments shall be made pro rata according to the respective Revolving Commitment Percentages of the Revolving Lenders. Subject to the terms of this Section 2.13(a) and to Section 2.13(b), each payment under this Credit Agreement or any Note shall be applied, first, to any fees then due and owing by the Borrower pursuant to Section 2.6, second, to interest then due and owing in respect of the Credit Party Obligations of the Borrower, third, to principal then due and owing hereunder and under the Credit Party Obligations

 

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of the Borrower and, fourth, to all amounts then due and owing in respect of the Credit Party Obligations. Each payment on account of any fees pursuant to Section 2.6 shall be made pro rata in accordance with the respective amounts due and owing (except as to the portion of the Letter of Credit retained by the Issuing Lender and the Issuing Lender Fees). Each payment (other than prepayments) by the Borrower on account of principal of and interest on the Revolving Loans and on the Term Loan shall be made pro rata to the Lenders according to the respective amounts due and owing. Prepayments made pursuant to Section 2.17 shall be applied in accordance with such Section. Each mandatory prepayment on account of principal of the Loans shall be applied in accordance with Section 2.8(b). All payments (including prepayments) to be made by the Borrower on account of principal, interest, fees and other amounts shall be made without defense, set-off or counterclaim and shall be made to the Administrative Agent for the account of the Lenders at the Administrative Agent's office on record with the Borrower in Dollars and in immediately available funds not later than 12:00 p.m. on the date when due. The Administrative Agent shall distribute such payments to the Lenders entitled thereto promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the LIBOR Rate Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If any payment on a LIBOR Rate Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day.

 

(b) Allocation of Payments After Exercise of Remedies. Notwithstanding any other provisions of this Credit Agreement to the contrary, after the exercise of remedies (other than the invocation of default interest pursuant to Section 2.10) by the Administrative Agent or the Lenders pursuant to Section 7.2 (or after the Commitments shall automatically terminate and the Loans (with accrued interest thereon) and all other amounts under the Credit Documents (including without limitation the maximum amount of all contingent liabilities under Letters of Credit) shall automatically become due and payable in accordance with the terms of such Section), all amounts collected or received by the Administrative Agent or any Lender on account of the Credit Party Obligations or any other amounts outstanding under any of the Credit Documents or in respect of the Collateral shall be paid over or delivered as follows:

 

FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including, without limitation, reasonable attorneys' and consultants' fees) of the Administrative Agent in connection with enforcing the rights of the Lenders under the Credit Documents and any protective advances made by the Administrative Agent with respect to the Collateral under or pursuant to the terms of the Security Documents;

 

SECOND, to payment of any fees owed to the Administrative Agent in its capacity as such;

 

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THIRD, to the payment of all reasonable and documented out-of-pocket costs and expenses (including, without limitation, reasonable attorneys' and consultants' fees unless otherwise prohibited by this Agreement) of each of the Lenders in connection with enforcing its rights under the Credit Documents or otherwise with respect to the Credit Party Obligations owing to such Lender;

 

FOURTH, to the payment of all of the Credit Party Obligations consisting of accrued fees and interest, and including with respect to any Secured Hedging Agreement, any fees, premiums and scheduled periodic payments due under such Secured Hedging Agreement and any interest accrued thereon;

 

FIFTH, to the payment of the outstanding principal amount of the Credit Party Obligations and the payment or cash collateralization of the outstanding LOC Obligations, and including with respect to any Secured Hedging Agreement, any breakage, termination or other payments to the extent then due under such Secured Hedging Agreement and any interest accrued thereon;

 

SIXTH, to all other Credit Party Obligations and other obligations which shall have become due and payable under the Credit Documents or otherwise and not repaid pursuant to clauses "FIRST" through "FIFTH" above;

 

SEVENTH, the payment of the surplus to whomever may be lawfully entitled to receive such surplus.

 

In carrying out the foregoing, (i) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category; (ii) each of the Lenders shall receive an amount equal to its pro rata share (based on the proportion that the then outstanding Loans and LOC Obligations held by such Lender bears to the aggregate then outstanding Loans and LOC Obligations) of amounts available to be applied pursuant to clauses "THIRD", "FOURTH", "FIFTH," and "SIXTH" above; and (iii) to the extent that any amounts available for distribution pursuant to clause "FIFTH" above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the Administrative Agent in the Collateral Account and applied (A) first, to reimburse the Issuing Lender from time to time for any drawings under such Letters of Credit and (B) then, following the expiration of all Letters of Credit, to all other obligations of the types described in clauses "FIFTH," and "SIXTH" above, and thereafter pursuant to clause "SEVENTH," in the manner provided in this Section 2.13(b). Notwithstanding the foregoing terms of this Section 2.13(b), only Collateral proceeds and payments under the Guaranty with respect to Secured Hedging Agreements shall be applied to obligations under any Secured Hedging Agreement.

 

Section 2.14 Non-Receipt of Funds by the Administrative Agent.

 

(a) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received written notice from a Lender prior to the proposed date of any Extension of Credit that such Lender will not make available to the Administrative Agent such Lender's share of such Extension of Credit, the

 

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Administrative Agent may assume that such Lender has made such share available on such date in accordance with this Agreement and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Extension of Credit available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a payment to be made by the Borrower, the interest rate applicable to Alternate Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Extension of Credit to the Administrative Agent, then the amount so paid shall constitute such Lender's Loan included in such Extension of Credit. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

 

(b) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Lender, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

 

A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under subsections (a) and (b) of this Section shall be conclusive, absent manifest error.

 

(c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Extension of Credit set forth in Article IV are not satisfied or waived in accordance with the terms thereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

 

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(d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund participations in Letters of Credit and Swingline Loans and to make payments pursuant to Section 9.5(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any such payment under Section 9.5(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 9.5(c).

 

(e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

 

Section 2.15 Inability to Determine Interest Rate.

 

Notwithstanding any other provision of this Agreement, if (a) the Administrative Agent shall reasonably determine (which determination shall be conclusive and binding absent manifest error) that, by reason of circumstances affecting the relevant market, reasonable and adequate means do not exist for ascertaining the LIBOR Rate for such Interest Period, or (b) the Required Lenders shall reasonably determine (which determination shall be conclusive and binding absent manifest error) that the LIBOR Rate does not adequately and fairly reflect the cost to such Lenders of funding LIBOR Rate Loans that the Borrower has requested be outstanding as a LIBOR Tranche during such Interest Period, the Administrative Agent shall forthwith give telephone notice of such determination, confirmed in writing, to the Borrower, and the Lenders at least two (2) Business Days prior to the first day of such Interest Period. Unless the Borrower shall have notified the Administrative Agent upon receipt of such telephone notice that it wishes to rescind or modify its request regarding such LIBOR Rate Loans, any Loans that were requested to be made as LIBOR Rate Loans shall be made as Alternate Base Rate Loans and any Loans that were requested to be converted into or continued as LIBOR Rate Loans shall remain as or be converted into Alternate Base Rate Loans. Until any such notice has been withdrawn by the Administrative Agent, no further Loans shall be made as, continued as, or converted into, LIBOR Rate Loans for the Interest Periods so affected.

 

Section 2.16 Yield Protection.

 

(a) Increased Costs Generally. If any Change in Law shall:

 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the LIBOR Rate) or the Issuing Lender;

 

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(ii) subject any Lender or the Issuing Lender to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any LIBOR Rate Loan made by it, or change the basis of taxation of payments to such Lender or the Issuing Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 2.19 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the Issuing Lender); or

 

(iii) impose on any Lender or the Issuing Lender or the London interbank market any other condition, cost or expense affecting this Agreement or LIBOR Rate Loans made by such Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any LIBOR Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the Issuing Lender of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the Issuing Lender hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or the Issuing Lender, the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender, as the case may be, for such additional costs incurred or reduction suffered.

 

(b) Capital Requirements. If any Lender or the Issuing Lender determines that any Change in Law affecting such Lender or the Issuing Lender or any lending office of such Lender or such Lender's or the Issuing Lender's holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender's or the Issuing Lender's capital or on the capital of such Lender's or the Issuing Lender's holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Lender, to a level below that which such Lender or the Issuing Lender or such Lender's or the Issuing Lender's holding company could have achieved but for such Change in Law (taking into consideration such Lender's or the Issuing Lender's policies and the policies of such Lender's or the Issuing Lender's holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender or such Lender's or the Issuing Lender's holding company for any such reduction suffered.

 

(c) Certificates for Reimbursement. A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest

 

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error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

 

(d) Delay in Requests. Failure or delay on the part of any Lender or the Issuing Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender's or the Issuing Lender's right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or the Issuing Lender pursuant to this Section for any increased costs incurred or reductions suffered, as the case may be, to the extent that such Lender or the Issuing Lender fails to make a demand for such compensation more than nine (9) months after becoming aware of such Change in Law giving arise to such increased costs or reductions.

 

Section 2.17 Illegality.

 

Notwithstanding any other provision of this Credit Agreement, if any Change in Law by the relevant Governmental Authority to any Lender shall make it unlawful for such Lender or its LIBOR Lending Office to make or maintain LIBOR Rate Loans as contemplated by this Credit Agreement or to obtain in the interbank eurodollar market through its LIBOR Lending Office the funds with which to make such Loans, (a) such Lender shall promptly notify the Administrative Agent and the Borrower thereof, (b) the commitment of such Lender hereunder to make LIBOR Rate Loans or continue LIBOR Rate Loans as such shall forthwith be suspended until the Administrative Agent shall give notice that the condition or situation which gave rise to the suspension shall no longer exist, and (c) such Lender's Loans then outstanding as LIBOR Rate Loans, if any, shall be converted on the last day of the Interest Period for such Loans or within such earlier period as required by law as Alternate Base Rate Loans. The Borrower hereby agrees to promptly pay any Lender, upon its demand, any additional amounts necessary to compensate such Lender for actual and direct costs (but not including anticipated profits) reasonably incurred by such Lender in making any repayment in accordance with this Section including, but not limited to, any interest or fees payable by such Lender to lenders of funds obtained by it in order to make or maintain its LIBOR Rate Loans hereunder. A certificate (which certificate shall include a description of the basis for the computation) as to any additional amounts payable pursuant to this Section submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of manifest error. Each Lender agrees to use reasonable efforts (including reasonable efforts to change its LIBOR Lending Office) to avoid or to minimize any amounts which may otherwise be payable pursuant to this Section; provided, however, that such efforts shall not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender in its sole discretion to be material.

 

Section 2.18 Indemnity.

 

The Borrower hereby agrees to indemnify each Lender and to hold such Lender harmless from any funding loss or expense which such Lender may sustain or incur as a consequence of (a) default by the Borrower in payment of the principal amount of or interest on any Loan by such Lender in accordance with the terms hereof, (b) default by the Borrower in accepting a

 

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borrowing after the Borrower has given a notice in accordance with the terms hereof, (c) default by the Borrower in making any prepayment after the Borrower has given a notice in accordance with the terms hereof, and/or (d) the making by the Borrower of a prepayment of a Loan, or the conversion thereof, on a day which is not the last day of the Interest Period with respect thereto, in each case including, but not limited to, any such loss or expense arising from interest or fees payable by such Lender to lenders of funds obtained by it in order to maintain its Loans hereunder. A certificate as to any additional amounts payable pursuant to this Section (which certificate shall include a description of the basis for the computation) submitted by any Lender, through the Administrative Agent, to the Borrower (which certificate must be delivered to the Administrative Agent within thirty days following such default, prepayment or conversion) shall be conclusive in the absence of manifest error. The agreements in this Section shall survive termination of this Credit Agreement and payment of the Notes and all other amounts payable hereunder.

 

Section 2.19 Taxes.

 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Credit Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, any Lender or Issuing Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

 

(b) Payment of Other Taxes by the Borrower. Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

 

(c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Lender and the Issuing Lender, within ten (10) Business Days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent, such Lender or the Issuing Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or the Issuing Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Lender, shall be conclusive absent manifest error.

 

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(d) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Credit Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.

 

(f) Foreign Lenders. Without limiting the generality of the foregoing, in the event that the Borrower is resident for tax purposes in the United States of America, any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable:

 

(i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States of America is a party,

 

(ii) duly completed copies of Internal Revenue Service Form W-8ECI,

 

(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (i) a certificate to the effect that such Foreign Lender is not (A) a "bank" within the meaning of section 881(c)(3)(A) of the Code, (B) a "10 percent shareholder" of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a "controlled foreign corporation" described in section 881(c)(3)(C) of the Code and (ii) duly completed copies of Internal Revenue Service Form W-8BEN, or

 

(iv) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made.

 

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(g) Treatment of Certain Refunds. If the Administrative Agent, a Lender or the Issuing Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the Issuing Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent, such Lender or the Issuing Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or the Issuing Lender in the event the Administrative Agent, such Lender or the Issuing Lender is required to repay such refund to such Governmental Authority. This paragraph shall not be construed to require the Administrative Agent, any Lender or the Issuing Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person.

 

Section 2.20 Indemnification; Nature of Issuing Lender's Duties.

 

(a) In addition to its other obligations under Section 2.4, the Borrower hereby agrees to protect, indemnify, pay and save each Issuing Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys' fees) that the Issuing Lender may incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit or (ii) the failure of the Issuing Lender to honor a drawing under a Letter of Credit as a result of any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or governmental authority (all such acts or omissions, herein called "Government Acts").

 

(b) As between the Borrower and the Issuing Lender, the Borrower shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. The Issuing Lender shall not be responsible: (i) for the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the application for and issuance of any Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, that may prove to be invalid or ineffective for any reason; (iii) for failure of the beneficiary of a Letter of Credit to comply fully with conditions required in order to draw upon a Letter of Credit; (iv) for errors, omissions, interruptions or delays in transmission or delivery of any messages, by

 

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mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) for errors in interpretation of technical terms; (vi) for any loss or delay in the transmission or otherwise of any document required in order to make a drawing under a Letter of Credit or of the proceeds thereof; and (vii) for any consequences arising from causes beyond the control of the Issuing Lender, including, without limitation, any Government Acts. None of the above shall affect, impair, or prevent the vesting of the Issuing Lender's rights or powers hereunder.

 

(c) In furtherance and extension and not in limitation of the specific provisions hereinabove set forth, any action taken or omitted by the Issuing Lender, under or in connection with any Letter of Credit or the related certificates, if taken or omitted in good faith, shall not put the Issuing Lender under any resulting liability to the Borrower. It is the intention of the parties that this Credit Agreement shall be construed and applied to protect and indemnify the Issuing Lender against any and all risks involved in the issuance of the Letters of Credit, all of which risks are hereby assumed by the Borrower, including, without limitation, any and all risks of the acts or omissions, whether rightful or wrongful, of any Government Authority. The Issuing Lender shall not, in any way, be liable for any failure by the Issuing Lender or anyone else to pay any drawing under any Letter of Credit as a result of any Government Acts or any other cause beyond the control of the Issuing Lender.

 

(d) Nothing in this Section 2.20 is intended to limit the reimbursement obligation of the Borrower contained in Section 2.4(d) hereof. The obligations of the Borrower under this Section 2.20 shall survive the termination of this Credit Agreement. No act or omissions of any current or prior beneficiary of a Letter of Credit shall in any way affect or impair the rights of the Issuing Lender to enforce any right, power or benefit under this Credit Agreement.

 

(e) Notwithstanding anything to the contrary contained in this Section 2.20, the Borrower shall have no obligation to indemnify the Issuing Lender in respect of any liability incurred by the Issuing Lender arising out of, and the Borrower shall retain all rights it may have against the Issuing Lender by reason of, the gross negligence or willful misconduct of the Issuing Lender (including action not taken by the Issuing Lender), as determined by a court of competent jurisdiction.

 

Section 2.21 Replacement of Lenders.

 

If (a) any Lender requests compensation under Section 2.16 or is unable to make or maintain LIBOR Rate Loans in accordance with the terms of Section 2.17, (b) the Borrower is required to pay any additional amount to any Lender (other than the Administrative Agent in its capacity as a Lender) or any Governmental Authority for the account of any Lender (other than the Administrative Agent in its capacity as a Lender) pursuant to Section 2.19, (c) any Lender defaults in its obligation to fund Loans hereunder, or (d) any Lender (other than Wachovia) fails to consent to any proposed amendment, modification, termination, waiver or consent with respect to any provision hereof or of any other Credit Document that requires the unanimous approval of all of the

 

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Lenders, the approval of all of the Lenders affected thereby or the approval of a class of Lenders, in each case in accordance with the terms of Section 9.1, then the Borrower may, at its sole expense, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate at par, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.6), all of its interests, rights and obligations under the Credit Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

 

(i) the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 9.6;

 

(ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LOC Obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents (including any amounts under Sections 2.16, 2.17 and 2.19) from the assignee (to the extent of such outstanding principal) or the Borrower (to the extent of such outstanding interest, fees and other amounts);

 

(iii) in the case of any such assignment resulting from a claim for compensation under Section 2.16 or payments required to be made pursuant to Section 2.19, such assignment will result in a reduction in such compensation or payments thereafter;

 

(iv) in the case of any such assignment resulting from a Lender's failure to consent as described in clause (d), (A) the consent of the Required Lenders (or, with respect to any proposed amendment, modification, termination, waiver or consent requiring the approval of all Lenders affected thereby or a class of Lenders, the consent of the Lenders in such group of affected Lenders or such class holding a majority of the outstanding Loans and Commitments with respect to such group or class) entitled to vote thereon shall have been obtained with respect to such amendment, modification, termination, waiver or consent and (B) the assignee shall approve such amendment, modification, termination, waiver or consent; and

 

(v) such assignment does not conflict with applicable law.

 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

 

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ARTICLE III

 

REPRESENTATIONS AND WARRANTIES

 

To induce the Lenders to enter into this Credit Agreement and to make the Extensions of Credit herein provided for, the Credit Parties hereby represent and warrant to the Administrative Agent and to each Lender that:

 

Section 3.1 Organization; Qualification; Good Standing; Subsidiaries; Etc.

 

(a) Organization and Powers. Each Credit Party is a corporation, limited liability company or partnership duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization as specified in Schedule 3.1-1 annexed hereto. Each Credit Party has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents and Related Agreements to which it is a party and to carry out the transactions contemplated thereby.

 

(b) Qualification and Good Standing. Each Credit Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect.

 

(c) Conduct of Business. The Borrower and its Subsidiaries are engaged only in the businesses permitted to be engaged in pursuant to Section 6.12.

 

(d) Subsidiaries. All of the Subsidiaries of the Borrower as of the Closing Date are identified in Schedule 3.1-2 annexed hereto, as such Schedule 3.1-2 may be supplemented from time to time pursuant to the provisions of Section 5.1(o). The Capital Stock of each of the Subsidiaries of the Borrower identified in Schedule 3.1-2 annexed hereto is duly authorized, validly issued, fully paid and nonassessable and none of such Capital Stock constitutes Margin Stock. Each of the Subsidiaries of the Borrower identified in Schedule 3.1-2 annexed hereto is a corporation, limited liability company or partnership duly organized, validly existing and in good standing under the laws of its respective jurisdiction of incorporation or organization set forth therein, has all requisite power and authority to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted, and is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, in each case except where failure to be so qualified or in good standing or a lack of such power and authority has not had and will not have a Material Adverse Effect. Schedule 3.1-2 annexed hereto correctly sets forth for the Borrower and each of its Subsidiaries (i) the ownership interest of the Borrower and each of its Subsidiaries in each of the Subsidiaries of the Borrower identified therein and (ii) the number of issued and outstanding shares of Capital Stock of each such Subsidiary and the owners thereof.

 

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Section 3.2 Authorization of Borrowing, Etc.

 

(a) Authorization of Borrowing. The execution, delivery and performance of the Credit Documents and the Related Agreements have been duly authorized by all necessary corporate, limited liability company or partnership action on the part of each Credit Party that is a party thereto.

 

(b) No Conflict. The execution, delivery and performance by the Credit Parties of the Credit Documents and the Related Agreements to which they are parties and the consummation of the transactions contemplated by the Credit Documents and such Related Agreements do not and will not (i) violate in any material respect any provision of any law or any governmental rule or regulation applicable to the Borrower or any of its Subsidiaries, or violate the Certificate or Articles of Incorporation or the Bylaws of the Borrower or any of its Subsidiaries or any order, judgment or decree of any Governmental Authority binding on the Borrower or any of its Subsidiaries, (ii) except as set forth in Schedule 3.2(b), conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of the Borrower or any of its Subsidiaries, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of the Borrower or any of its Subsidiaries (other than any Liens created under any of the Credit Documents in favor of the Administrative Agent on behalf of the Lenders), or (iv) require any approval of stockholders or any approval or consent of any Person under any Contractual Obligation of the Borrower or any of its Subsidiaries, except for such approvals or consents which will be obtained on or before the Closing Date and disclosed on Schedule 3.2(b).

 

(c) Governmental Consents. The execution, delivery and performance by Credit Parties of the Credit Documents and the Related Agreements to which they are parties and the consummation of the transactions contemplated by the Credit Documents and such Related Agreements do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority except for (i) filings and recordings required to create or protect the Liens contemplated by the Security Documents and (ii) filings required under the federal securities laws disclosing this Agreement and the transactions contemplated hereby.

 

(d) Binding Obligation. Each of the Credit Documents and Related Agreements has been duly executed and delivered by each Credit Party that is a party thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability.

 

(e) Valid Issuance of Borrower's Capital Stock, Senior Subordinated Notes and Senior Subordinated Convertible Notes.

 

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(i) Borrower's Capital Stock. The Capital Stock of the Borrower is duly and validly issued, fully paid and nonassessable. No stockholder of the Borrower has or will have any preemptive rights to subscribe for any additional Capital Stock of the Borrower. The issuance and sale of the outstanding Capital Stock of the Borrower either (A) has been registered or qualified under applicable federal and state securities laws or (B) is exempt therefrom.

 

(ii) Senior Subordinated Notes. The Borrower had the corporate power and authority to issue the Senior Subordinated Notes at the time they were issued. The Senior Subordinated Notes are the legally valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability. The subordination provisions of the Senior Subordinated Notes are enforceable against the holders thereof and the Loans and all other monetary Credit Party Obligations are within the definition of "Senior Indebtedness" included in such provisions. The Senior Subordinated Notes either (A) have been registered or qualified under applicable federal and state securities laws or (B) are exempt therefrom.

 

(iii) Senior Subordinated Convertible Notes. The Borrower had the corporate power and authority to issue the Senior Subordinated Convertible Notes at the time they were issued. The Senior Subordinated Convertible Notes are the legally valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability. The subordination provisions of the Senior Subordinated Convertible Notes are enforceable against the holders thereof and the Loans and all other monetary Credit Party Obligations are within the definition of "Senior Indebtedness" included in such provisions. The Senior Subordinated Convertible Notes either (A) have been registered or qualified under applicable federal and state securities laws or (B) are exempt therefrom.

 

Section 3.3 Financial Condition.

 

The Borrower has heretofore delivered to the Lenders, at the Lenders' request, the following financial statements and information: (a) audited financial statements of the Borrower and its Subsidiaries for the Fiscal Years 2004, 2005 and 2006, consisting of balance sheets and the related consolidated and consolidating statements of income, stockholders' equity and cash flows for each such period, (b) a pro forma balance sheet of the Borrower and its Subsidiaries as of December 28, 2006, (c) unaudited financial statements of the Borrower and its Subsidiaries for the period from September 28, 2006 to the last day of the most recent quarter ending prior to the Closing Date for which such financial statements are available and (d) five-year projections for the Borrower and its Subsidiaries, all in reasonable detail, in form and substance satisfactory to the Administrative Agent and certified by the chief financial officer of the Borrower that

 

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(i) with respect to the audited financial statements, the results of their operations and their cash flows for the periods indicated fairly present the financial condition of the Borrower and its Subsidiaries as at the dates indicated and (ii) with respect to the pro forma balance sheet and the projections were prepared in good faith based upon, to the best of such officer's knowledge, reasonable assumptions. None of the Borrower nor any of its Subsidiaries has (and will not have following the Closing Date) any Contingent Obligation, contingent liability or liability for taxes, long-term lease or unusual forward or long-term commitment that is not reflected in the foregoing financial statements or the notes thereto and which in any such case is material and adverse in relation to the business, operations, properties, assets, or condition (financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole.

 

Section 3.4 No Material Adverse Change; No Restricted Junior Payments.

 

Since September 28, 2006, (i) no event or change has occurred that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect and (ii) neither the Borrower nor any of its Subsidiaries has directly or indirectly declared, ordered, paid or made, or set apart any sum or property for, any Restricted Junior Payment or agreed to do so except as permitted by Section 6.5.

 

Section 3.5 Title to Properties; Collateral Locations.

 

(a) Title to Properties; Liens. The Borrower and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in Section 3.3 or in the most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under Section 6.7. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens.

 

(b) Real Property. As of the Closing Date, Schedule 3.5(b) annexed hereto contains a true, accurate and complete list of (i) all fee properties (including those currently designated as Development Properties) and (ii) all leases, subleases or assignments of leases (together with all amendments, modifications, supplements, renewals or extensions of any thereof) affecting each Real Property Asset of any Credit Party, regardless of whether such Credit Party is the landlord or tenant (whether directly or as an assignee or successor in interest) under such lease, sublease or assignment. Except as specified in Schedule 3.5(b) annexed hereto, each agreement listed in clause (ii) of the immediately preceding sentence is in full force and effect and the Credit Parties do not have knowledge of any default that has occurred and is continuing thereunder which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, and each such agreement constitutes the legally valid and binding obligation of each applicable Credit Party, enforceable against such Credit Party in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles.

 

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(c) Location of Collateral. Set forth in Schedule 3.5(c) is (i) a list of all locations where any tangible personal property of the Borrower and its Subsidiaries is located as of the Closing Date and (ii) the chief executive office and principal place of business of the Borrower and its Subsidiaries as of the Closing Date.

 

Section 3.6 Litigation.

 

There are no actions, suits, proceedings, arbitrations or governmental investigations (whether or not purportedly on behalf of the Borrower or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental Claims) that are pending or, to the knowledge of the Credit Parties, threatened against or affecting the Borrower or any of its Subsidiaries or any property of the Borrower or any of its Subsidiaries and that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. Neither the Borrower nor any of its Subsidiaries (a) is in violation of any applicable laws (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any other Governmental Authority, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.

 

Section 3.7 Taxes.

 

Except to the extent permitted by Section 5.3, all tax returns and reports of the Borrower and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon the Borrower and its Subsidiaries and upon their respective properties, assets, income, businesses and franchises which are due and payable have been paid prior to delinquency. Except as set forth in Schedule 3.7, the Credit Parties know of no proposed tax assessment against the Borrower or any of its Subsidiaries which is not being actively contested by the Borrower or such Subsidiary in good faith and by appropriate proceedings; provided that such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor.

 

Section 3.8 Contractual Obligations; Restrictive Agreements; Material Contracts.

 

(a) Neither the Borrower nor any of its Subsidiaries is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any of its Contractual Obligations, and no condition exists that, with the giving of notice or the lapse of time or both, would constitute such a default, except where the consequences, direct or indirect, of such default or defaults, if any, would not have a Material Adverse Effect.

 

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(b) Neither the Borrower nor any of its Subsidiaries is a party to or is otherwise subject to any agreements or instruments or any charter or other internal restrictions which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.

 

(c) All Material Contracts are in full force and effect and no material defaults currently exist thereunder.

 

Section 3.9 Governmental Regulation.

 

Neither the Borrower nor any of its Subsidiaries is subject to regulation under the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Credit Party Obligations unenforceable.

 

Section 3.10 Securities Activities.

 

(a) Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock.

 

(b) No part of the proceeds of any Loan hereunder will be used directly or indirectly for any purpose which violates, or which would be inconsistent with, the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. The Borrower and its Subsidiaries taken as a group do not own Margin Stock except as identified in the financial statements referred to in Section 3.3 and Section 5.1 and the aggregate value of all Margin Stock owned by the Borrower and its Subsidiaries taken as a group does not exceed 25% of the value of their assets.

 

Section 3.11 Employee Benefit Plans.

 

(a) The Borrower, each of its Subsidiaries and each of their respective ERISA Affiliates are in compliance with all applicable provisions and requirements of ERISA and the regulations and published interpretations thereunder with respect to each Employee Benefit Plan in all material respects, and have performed all their obligations under each Employee Benefit Plan. Each Employee Benefit Plan which is intended to qualify under Section 401(a) of the Code is so qualified.

 

(b) No ERISA Event has occurred or is reasonably expected to occur.

 

(c) Except to the extent required under Section 4980B of the Code or except as set forth in Schedule 3.11 annexed hereto, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates.

 

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(d) As of the most recent valuation date for any Pension Plan, the amount of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), does not exceed $1,000,000.

 

(e) As of the most recent valuation date for each Multiemployer Plan for which the actuarial report is available, the potential liability of the Borrower, its Subsidiaries and their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such potential liability for a complete withdrawal from all Multiemployer Plans, based on information available pursuant to Section 4221(e) of ERISA, does not exceed $1,000,000.

 

(f) Prior to December 31, 2007, no "accumulated funding deficiency" (within the meaning of Section 412 of the Code or Section 402 of ERISA) of $1,000,000 or more has occurred or is reasonably expected to occur. Effective for plan years starting on or after January 1, 2008, the "minimum required contribution" required under Section 430(a)(2) of the Code to satisfy the "minimum funding standards" of Section 412(a)(2) of the Code (both, as added by the Pension Protection Act) has been contributed to any Pension Plan maintained by the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates.

 

Section 3.12 Broker's Fees.

 

No broker's or finder's fee or commission will be payable with respect to this Agreement or any of the transactions contemplated hereby, and the Borrower hereby indemnifies the Lenders against, and agrees that it will hold the Lenders harmless from, any claim, demand or liability for any such broker's or finder's fees alleged to have been incurred in connection herewith or therewith and any expenses (including reasonable fees, expenses and disbursements of counsel) arising in connection with any such claim, demand or liability.

 

Section 3.13 Environmental Protection.

 

Except as set forth in Schedule 3.13 annexed hereto:

 

(a) neither the Borrower nor any of its Subsidiaries nor any of their respective Facilities or operations are subject to any outstanding written order, consent decree or settlement agreement with any Person relating to (i) any Environmental Law, (ii) any Environmental Claim, or (iii) any Hazardous Materials Activity that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect;

 

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(b) neither the Borrower nor any of its Subsidiaries has received any letter or request for information under Section 104 of the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9604) or any comparable state law;

 

(c) there are and, to the Credit Parties' knowledge, have been no conditions, occurrences, or Hazardous Materials Activities which could reasonably be expected to form the basis of an Environmental Claim against the Borrower or any of its Subsidiaries that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect;

 

(d) each of the Borrower and its Subsidiaries maintains an environmental management system for its and each of its Subsidiaries' operations that demonstrates a commitment to material environmental compliance and includes procedures for (i) preparing and updating written compliance manuals covering pertinent regulatory areas, (ii) tracking changes in applicable Environmental Laws and modifying operations to comply with new requirements thereunder, (iii) training employees to comply with applicable environmental requirements and updating such training as necessary, (iv) performing regular internal compliance audits of each Facility and ensuring correction of any incidents of non-compliance detected by means of such audits, and (v) reviewing the compliance status of off-site waste disposal facilities; and

 

(e) compliance with all current or reasonably foreseeable future requirements pursuant to or under Environmental Laws will not, individually or in the aggregate, have a reasonable possibility of giving rise to a Material Adverse Effect.

 

Notwithstanding anything in this Section to the contrary, no event or condition has occurred or is occurring with respect to the Borrower or any of its Subsidiaries relating to any Environmental Law, any Release of Hazardous Materials, or any Hazardous Materials Activity, including any matter disclosed on Schedule 3.13 annexed hereto, which individually or in the aggregate has had or could reasonably be expected to have a Material Adverse Effect.

 

Section 3.14 Employee Matters.

 

There are no collective bargaining agreements or Multiemployer Plans covering the employees of the Borrower or any of its Subsidiaries as of the Closing Date and none of the Borrower or any of their Subsidiaries (a) has suffered any strikes, walkouts, work stoppages or other material labor difficulty within the last five years or (b) has knowledge of any potential or pending strike, walkout or work stoppage.

 

Section 3.15 Solvency.

 

Each Credit Party is and, upon the incurrence of any Credit Party Obligations by such Credit Party on any date on which this representation is made, will be, Solvent.

 

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Section 3.16 Matters Relating to Collateral.

 

(a) Creation, Perfection and Priority of Liens. Subject to Sections 5.10 and 5.11, the execution and delivery of the Security Documents by the Credit Parties, together with (i) the actions taken on or prior to the date hereof pursuant to Sections 4.1(d), 5.10 and 5.11 and the filing of any Uniform Commercial Code financing statements and PTO filings delivered to the Administrative Agent for filing (but not yet filed) and the recording of any Mortgages or amendments to Mortgages delivered to the Administrative Agent for recording (but not yet recorded), and (ii) the delivery to the Administrative Agent of any Pledged Collateral will be, upon the due and proper completion of such filings and recordings, effective to create or to continue in favor of the Administrative Agent for the benefit of the Lenders, as security for the Credit Party Obligations, a valid and perfected First Priority Lien on all of the Collateral, subject to the periodic filing of Uniform Commercial Code continuation statements in respect of Uniform Commercial Code financing statements filed by or on behalf of the Administrative Agent.

 

(b) Governmental Authorizations. No authorization, approval or other action by, and no notice to or filing with, any Governmental Authority is required for either (i) the pledge or grant by any Credit Party of the Liens purported to be created in favor of the Administrative Agent pursuant to any of the Security Documents or (ii) the exercise by the Administrative Agent of any rights or remedies in respect of any Collateral (whether specifically granted or created pursuant to any of the Security Documents or created or provided for by applicable law), except for filings or recordings contemplated by Section 3.16(a) and except as may be required, in connection with the disposition of any Pledged Collateral, by laws generally affecting the offering and sale of securities.

 

(c) Absence of Third-Party Filings. Except such as may have been filed in favor of the Administrative Agent as contemplated by Section 3.16(a) or except as such may constitute Permitted Encumbrances, (i) no effective Uniform Commercial Code financing statement, fixture filing or other instrument similar in effect covering all or any part of the Collateral is on file in any filing or recording office and (ii) no effective filing covering all or any part of the Intellectual Property is on file in the PTO.

 

(d) Margin Regulations. The pledge of the Pledged Collateral pursuant to the Pledge Agreement does not violate Regulation T, U or X of the Board of Governors of the Federal Reserve System.

 

(e) Information Regarding Collateral. All information supplied to the Administrative Agent by or on behalf of any Credit Party with respect to any of the Collateral (in each case taken as a whole with respect to any particular Collateral) is accurate and complete in all material respects.

 

Section 3.17 Related Agreements.

 

The Borrower has made available to the Administrative Agent complete and correct copies of each Related Agreement and of all exhibits and schedules thereto. Schedule 3.17

 

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annexed hereto lists all Affiliate Agreements as of the Closing Date. Except as set forth in Schedule 3.17 annexed hereto, none of the Related Agreements have been amended, amended and restated, supplemented, restated or otherwise modified on or before the Closing Date since the date any such Related Agreement was first entered into.

 

Section 3.18 Disclosure.

 

No representation or warranty (except with respect to projections and pro forma financial information that are covered in the next sentence) of the Borrower or any of its Subsidiaries contained in any Credit Document or Related Agreement or in any other document, certificate or written statement furnished to the Lenders by or on behalf of the Borrower or any of its Subsidiaries for use in connection with the transactions contemplated by this Agreement contains any untrue statement of a material fact or omits to state a material fact (known to the Borrower or any of its Subsidiaries, in the case of any document not furnished by the Borrower and its Subsidiaries) necessary in order to make the statements contained herein or therein not misleading in light of the circumstances in which the same were made. Any projections and pro forma financial information contained in such materials are based upon good faith estimates and assumptions believed by the Borrower to be reasonable at the time made, it being recognized by the Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ materially from the projected results. There are no facts known (or which should upon the reasonable exercise of diligence be known) to the Credit Parties (other than matters of a general economic nature) that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect and that have not been disclosed herein or in such other documents, certificates and statements furnished to the Lenders for use in connection with the transactions contemplated hereby.

 

Section 3.19 Permits.

 

Each of the Credit Parties, prior to and after giving effect to the transactions contemplated by the Credit Documents and the Related Agreements, has such certificates, permits, licenses, franchises, consents, approvals, authorizations and clearances that are material to the condition (financial or otherwise), business or operations of any Credit Party ("Permits") and is (and will be immediately after the consummation of such transactions) in compliance in all respects with all applicable laws as are necessary to own, lease or operate its properties and to conduct its businesses in the manner as presently conducted and to be conducted immediately after the consummation of such transactions except where failure to be in compliance could not reasonably be expected to result in a Material Adverse Effect, and all such Permits are valid and in full force and effect and will be valid and in full force and effect immediately upon consummation of such transactions except for those where the failure to be valid or in effect could not reasonably be expected to result in a Material Adverse Effect. Each of the Credit Parties, prior to and after giving effect to such transactions, is and will be in compliance in all respects with its obligations under such Permits except where failure to be in compliance could not reasonably be expected to result in a Material Adverse Effect, and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination of such Permits except where such revocation or termination could not reasonably be expected to result in a Material Adverse Effect.

 

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Section 3.20 Indebtedness.

 

Except as otherwise permitted under Section 6.1 and Section 6.4, the Borrower and its Subsidiaries have no Indebtedness.

 

Section 3.21 Intellectual Property.

 

Each of the Borrower and its Subsidiaries owns, or has the legal right to use, all trademarks, tradenames, copyrights, technology, know-how, processes and other intellectual property necessary for each of them to conduct its business as currently conducted. Set forth on Schedule 3.21 is a list of all Intellectual Property owned by the Borrower and its Subsidiaries. Except as provided on Schedule 3.21, no claim has been asserted and is pending by any Person challenging or questioning the use of any Intellectual Property of the Borrower and its Subsidiaries or the validity or effectiveness of any such Intellectual Property, nor do the Borrower or any of its Subsidiaries know of any such claim, and, to the knowledge of the Borrower and its Subsidiaries, the use of such Intellectual Property by the Borrower or any of its Subsidiaries does not infringe on the rights of any Person, except for such claims and infringements that in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Schedule 3.21 may be updated from time to time by the Borrower to include new Intellectual Property by giving written notice thereof to the Administrative Agent.

 

Section 3.22 Investments.

 

All Investments of each of the Borrower and its Subsidiaries are Permitted Investments.

 

Section 3.23 Insurance.

 

The insurance coverage of the Credit Parties and their Subsidiaries as of the Closing Date is outlined as to carrier, policy number, expiration date, type and amount on Schedule 3.23 and such insurance coverage complies the requirements set forth in Section 5.4(b).

 

Section 3.24 Anti-Terrorism Laws.

 

Neither any Credit Party nor any of its Subsidiaries is an "enemy" or an "ally of the enemy" within the meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.), as amended. Neither any Credit Party nor any or its Subsidiaries is in violation of (a) the Trading with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or (c) the Patriot Act. None of the Credit Parties (i) is a blocked person described in section 1 of the Anti-Terrorism Order or (ii) to the best of its knowledge, engages in any dealings or transactions, or is otherwise associated, with any such blocked person.

 

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Section 3.25 Compliance with OFAC Rules and Regulations.

 

None of the Credit Parties or their Subsidiaries or their respective Affiliates (i) is a Sanctioned Person, (ii) has more than 15% of its assets in Sanctioned Countries, or (iii) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country.

 

Section 3.26 Compliance with FCPA.

 

Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties or their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

 

Section 3.27 VoiceStream Wireless.

 

The Uniform Commercial Code financing statements referenced in Schedule 6.2 naming a Credit Party as debtor and Voicestream Wireless Corp. as secured party relate to amounts currently in dispute by Voicestream Wireless Corp. and the Credit Parties. All amounts owed to Voicestream Wireless Corp. relating to such financing statements will not exceed $50,000 at any time.

 

ARTICLE IV

 

CONDITIONS PRECEDENT

 

Section 4.1 Conditions to Closing Date and Initial Loans.

 

This Credit Agreement shall become effective upon, and the obligation of each Lender to make the initial Revolving Loans and the Term Loan on the Closing Date is subject to, the satisfaction of the following conditions precedent:

 

(a) Execution of Agreement. The Administrative Agent shall have received (i) counterparts of this Credit Agreement for the Credit Parties, the Administrative Agent and each Lender, (ii) for the account of each Revolving Lender and Term Loan Lender that request a Note, a Revolving Note and Term Note, as applicable, (iii) for the account of the Swingline Lender, the Swingline Note, and (iv) counterparts of the Security

 

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Agreement, the Pledge Agreement, each Mortgage to be entered into as of the Closing Date and each other Security Document, in each case conforming to the requirements of this Credit Agreement and executed by a duly authorized Responsible Officer of each party thereto.

 

(b) Authority Documents. The Administrative Agent shall have received the following, together with a secretary's certificate in substantially the form of Schedule 4.1-1 annexed hereto:

 

(i) Certificates of Incorporation; Charter Documents. Copies of the certificates of incorporation or other charter documents, as applicable, of each Credit Party certified to be true and complete as of a recent date by the appropriate governmental authority of the state of its incorporation and by a secretary or assistant secretary of such Credit Party as of the Closing Date to be true and correct and in force and effect as of the Closing Date

 

(ii) Resolutions. Copies of resolutions of the board of directors or comparable managing body of each Credit Party approving and adopting the Credit Documents, the transactions contemplated therein and authorizing execution and delivery thereof, certified by a Responsible Officer of such Credit Party as of the Closing Date to be true and correct and in force and effect as of such date.

 

(iii) Bylaws. A copy of the bylaws or comparable operating agreement of each Credit Party certified by a Responsible Officer of such Credit Party as of the Closing Date to be true and correct and in force and effect as of such date.

 

(iv) Good Standing. Copies of (A) certificates of good standing, existence or its equivalent with respect to each Credit Party certified as of a recent date by the appropriate governmental authorities of the state of incorporation and each other state in which the failure to so qualify and be in good standing could reasonably be expected to have a Material Adverse Effect on the business or operations of the Borrower and its Subsidiaries in such state and (B) to the extent available, a certificate indicating payment of all corporate franchise taxes certified as of a recent date by the appropriate governmental taxing authorities.

 

(v) Incumbency. An incumbency certificate of each Credit Party certified by a secretary or assistant secretary to be true and correct as of the Closing Date.

 

(c) Legal Opinions of Counsel. The Administrative Agent shall have received opinions of legal counsel for the Credit Parties, dated the Closing Date and addressed to the Administrative Agent and the Lenders, which opinions shall provide, among other things, that the execution and delivery of the Credit Documents by the Credit Parties and the consummation of the transactions contemplated thereby will not violate the corporate instruments and material agreements of the Credit Parties, and shall otherwise be in form and substance acceptable to the Administrative Agent and the Lenders.

 

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(d) Personal Property Collateral. The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

 

(i) searches of Uniform Commercial Code filings in the jurisdiction of the chief executive office of each Credit Party and each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Lenders' security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Liens;

 

(ii) Uniform Commercial Code financing statements for each appropriate jurisdiction as is necessary, in the Administrative Agent's sole discretion, to perfect the Lenders' security interests in the Collateral;

 

(iii) duly executed consents as are necessary, in the Administrative Agent's sole discretion, to perfect the Lenders' security interest in the Collateral, including, without limitation estoppel letters, consents and/or waivers from landlords to the extent the Borrower is able to secure such letters, consents and waivers after using commercially reasonable efforts;

 

(iv) searches of ownership of Intellectual Property in the appropriate governmental offices and such patent/trademark/copyright filings as requested by the Administrative Agent in order to perfect the Administrative Agent's security interest in the Intellectual Property; and

 

(v) stock or membership certificates, to the extent not previously delivered to the Administrative Agent, evidencing the Capital Stock pledged to the Administrative Agent pursuant to the Pledge Agreement, along with duly executed in blank undated stock or transfer powers.

 

(e) Liability, Casualty, Business Interruption and Environmental Insurance. The Administrative Agent shall have received copies of insurance policies or certificates of insurance evidencing liability, casualty, business interruption and environmental insurance meeting the requirements set forth herein or in the Security Documents. The Administrative Agent shall be named as loss payee, mortgagee and/or additional insured, as its interest may appear, on all such insurance policies for the benefit of the Lenders.

 

(f) Fees. The Administrative Agent, the Arrangers and the Lenders shall have received all fees, if any, owing pursuant to the Fee Letter and Section 2.6.

 

(g) Litigation. There shall not exist any pending, ongoing or threatened litigation, investigation, injunction, order or claim affecting or relating (i) to the Credit Parties or any of their Subsidiaries, or (ii) this Credit Agreement or the other Credit

 

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Documents that has not been settled, dismissed, vacated, discharged or terminated prior to the Closing Date which, in the case of clause (i), could be reasonably expected to have a Material Adverse Effect.

 

(h) Solvency Certificate. The Administrative Agent shall have received an Officer's Certificate for the Credit Parties prepared by the chief financial officer of the Borrower as to the financial condition, solvency and related matters of the Borrower and of the Credit Parties taken as a whole, in each case after giving effect to the initial borrowings under the Credit Documents, in substantially the form of Schedule 4.1-2 hereto.

 

(i) Account Designation Letter. The Administrative Agent shall have received the executed Account Designation Letter in the form of Schedule 1.1-1 hereto.

 

(j) Consents. The Administrative Agent shall have received evidence that all governmental, shareholder and material third party consents and approvals necessary in connection with the financings and other transactions contemplated hereby have been obtained and all applicable waiting periods have expired without any action being taken by any authority that could restrain, prevent or impose any material adverse conditions on such transactions or that could seek or threaten any of such transactions.

 

(k) Compliance with Laws. The financings and other transactions contemplated hereby shall be in compliance in all material respects with all applicable laws and regulations (including all applicable securities and banking laws, rules and regulations).

 

(l) Bankruptcy. There shall be no bankruptcy or insolvency proceedings with respect to any Credit Party.

 

(m) Material Adverse Effect. Since September 28, 2006, there shall be no event that has had, or could reasonably be expected to have, a material adverse change in the business, properties, operations or condition (financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole.

 

(n) Financial Statements. The Administrative Agent shall have received copies of the financial statements referred to in Section 3.3 hereof, each in form and substance satisfactory to it.

 

(o) Termination of Existing Indebtedness. All existing Indebtedness (except for Indebtedness permitted by the terms of this Credit Agreement and the Existing Credit Agreement which is amended and restated hereby) for borrowed money of the Borrower and its Subsidiaries shall have been repaid in full and all commitments relating thereto shall have been terminated and all Liens relating thereto shall have been terminated.

 

(p) Officer's Certificates. The Administrative Agent shall have received a certificate or certificates executed by a Responsible Officer of the Borrower as of the

 

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Closing Date stating that (i) no action, suit, investigation or proceeding is pending, ongoing or, to the knowledge of any Credit Party, threatened in any court or before any other Governmental Authority that purports to affect any Credit Party or any other transaction contemplated by the Credit Documents, which action, suit, investigation or proceeding could be reasonably expected to have a Material Adverse Effect and (ii) immediately after giving effect to this Credit Agreement, the other Credit Documents, and all the transactions contemplated therein to occur on such date, (A) no Default or Event of Default exists, (B) all representations and warranties contained herein and in the other Credit Documents are true and correct in all material respects, and (C) the Credit Parties are in compliance with each of the financial covenants set forth in Section 6.6.

 

(q) Patriot Act Certificate. The Administrative Agent shall have received, at least five (5) Business Days prior to the Closing Date, a certificate satisfactory thereto, for benefit of itself and the Lenders, provided by the Borrower that sets forth information required by the Patriot Act including, without limitation, the identity of the Borrower, the name and address of the Borrower and other information that will allow the Administrative Agent or any Lender, as applicable, to identify the Borrower in accordance with the Patriot Act.

 

(r) Structure. The Agents shall be reasonably satisfied with the corporate and capital structure and management of the Borrower and its Subsidiaries after giving effect to the transactions contemplated hereby and with the aggregate amount of fees and expenses payable in connection with the consummation of the Transactions.

 

(s) Collateral Account Agreement. The Administrative Agent shall have received a fully executed copy of the Collateral Account Agreement in form and substance satisfactory thereto.

 

(t) Additional Matters. All other documents and legal matters in connection with the transactions contemplated by this Credit Agreement shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel.

 

Section 4.2 Conditions to All Extensions of Credit.

 

The obligation of each Lender to make any Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent on the date of making such Extension of Credit:

 

(a) Representations and Warranties. The representations and warranties made by the Credit Parties herein, in the Security Documents or which are contained in any certificate furnished at any time under or in connection herewith shall (i) with respect to representations and warranties that contain a materiality qualification, be true and correct and (ii) with respect to representations and warranties that do not contain a materiality qualification, be true and correct in all material respects, in each case on and as of the date of such Extension of Credit as if made on and as of such date except for any representation or warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date.

 

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(b) No Default or Event of Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Credit Agreement.

 

(c) Compliance with Commitments. Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), the sum of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount.

 

(d) Additional Conditions to Revolving Loans. If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

 

(e) Additional Conditions to Initial Term Loan. If the Initial Term Loan is requested, all conditions set forth in Section 2.2(a) shall have been satisfied or waived by the Required Lenders.

 

(f) Additional Conditions to Delayed Draw Term Loan. If a borrowing under the Delayed Draw Term Loan is requested, (i) all conditions set forth in Section 2.2(b) shall have been satisfied or waived by the Required Lenders and (ii) the Borrower shall be in pro forma compliance with all the financial covenants set forth in Section 6.6.

 

(g) Additional Conditions to Additional Loans. If an Additional Loan is requested, all conditions set forth in Section 2.3 shall have been satisfied or waived by the Required Lenders.

 

(h) Additional Conditions to Letters of Credit. If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.4 shall have been satisfied.

 

(i) Additional Conditions to Swingline Loans. If a Swingline Loan is requested, all conditions set forth in Section 2.5 shall have been satisfied.

 

Each request for an Extension of Credit and each acceptance by the Borrower of any such Extension of Credit shall be deemed to constitute representations and warranties by the Borrower as of the date of such Extension of Credit that the applicable conditions in subsections (a) through (i) of this Section have been satisfied.

 

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ARTICLE V

 

AFFIRMATIVE COVENANTS

 

The Credit Parties hereby covenant and agree that on the Closing Date, and thereafter for so long as this Credit Agreement is in effect and until the Commitments have terminated, no Note remains outstanding and unpaid and the Credit Party Obligations (other than inchoate indemnification and reimbursement obligations) together with interest, Commitment Fees and all other amounts owing to the Administrative Agent or any Lender hereunder and under the other Credit Documents, are paid in full, the Credit Parties shall, and shall cause each of their Subsidiaries, to perform the covenants set forth in this Article V.

 

Section 5.1 Financial Statements and Other Reports.

 

The Borrower will maintain, and cause each of its Subsidiaries to maintain, a system of accounting established and administered in accordance with sound business practices to permit preparation of financial statements in conformity with GAAP. The Borrower will deliver to the Administrative Agent and the Lenders:

 

(a) Quarterly Financials. As soon as available and in any event within 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year and within 90 days after the end of the fourth Fiscal Quarter of each Fiscal Year, (i) the consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated and consolidating statements of income, stockholders' equity and cash flows of the Borrower and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from the Financial Plan for the current Fiscal Year, all in reasonable detail and certified by the chief financial officer of the Borrower that they fairly present, in all material respects, the financial condition of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments, and (ii) a narrative report describing the operations of the Borrower and its Subsidiaries in the form prepared for presentation to senior management for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter;

 

(b) Year-End Financials. As soon as available and in any event within 90 days after the end of each Fiscal Year, (i) the consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated and consolidating statements of income, stockholders' equity and cash flows of the Borrower and its Subsidiaries for such Fiscal Year, which shall be audited by Deloitte & Touche LLP or other independent certified public accountants of recognized national standing selected by the Borrower, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year and the

 

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corresponding figures from the Financial Plan for the Fiscal Year covered by such financial statements, all in reasonable detail and certified by the chief financial officer of the Borrower that they fairly present, in all material respects, the financial condition of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, (ii) a narrative report describing the operations of the Borrower and its Subsidiaries in the form prepared for presentation to senior management for such Fiscal Year, and (iii) in the case of such consolidated financial statements, a report thereon of Deloitte & Touche LLP or other independent certified public accountants of recognized national standing selected by the Borrower, with respect to such consolidated financial statements reported on without a material qualification or exception, including a "going concern" or like qualification or exception, or qualification indicating that the scope of the audit was inadequate to permit such independent certified public accountants to certify such financial statements without such qualification;

 

(c) Officers' and Compliance Certificates. Together with each delivery of financial statements of the Borrower and its Subsidiaries pursuant to subsections (a) and (b) above, an Officers' Certificate of the Borrower (i) stating that the signers have reviewed the terms of this Agreement and have made, or caused to be made under their supervision, a review in reasonable detail of the transactions and condition of the Borrower and its Subsidiaries during the accounting period covered by such financial statements and that such review has not disclosed the existence during or at the end of such accounting period, and that the signers do not have knowledge of the existence as at the date of such Officers' Certificate, of any condition or event that constitutes a Default or an Event of Default, or, if any such condition or event existed or exists, specifying the nature and period of existence thereof and what action the Borrower has taken, is taking and proposes to take with respect thereto and (ii) demonstrating in reasonable detail compliance during and at the end of the applicable accounting periods with the negative covenants contained in Article VI;

 

(d) Reconciliation Statements. If, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements referred to in Section 3.3, the consolidated financial statements of the Borrower and its Subsidiaries delivered pursuant to subsections (a), (b) or (l) of this Section 5.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subsections had no such change in accounting principles and policies been made, then (i) together with the first delivery of financial statements pursuant to subsections (a), (b) or (l) of this Section 5.1 following such change, consolidated financial statements of the Borrower and its Subsidiaries for (A) the current Fiscal Year to the effective date of such change and (B) the two full Fiscal Years immediately preceding the Fiscal Year in which such change is made, in each case prepared on a pro forma basis as if such change had been in effect during such periods, and (ii) together with each delivery of financial statements pursuant to subsections (a), (b) or (l) of this Section 5.1 following such change, a written statement of the chief accounting officer or chief financial officer of the Borrower setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in Section 6.6) which would have resulted if such financial statements had been prepared without giving effect to such change;

 

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(e) Accountants' Certification. Beginning with the Fiscal Year ending September, 2007, together with each delivery of consolidated financial statements of the Borrower and its Subsidiaries pursuant to subsection (b) above, a written statement by the independent certified public accountants responsible for the preparation of such consolidated financial statements stating that in making the examination necessary to prepare such consolidated financial statements no knowledge was obtained of any Event of Default under Section 6.6, except as specified in such certificate;

 

(f) Accountants' Reports. Promptly upon receipt thereof (unless restricted by applicable professional standards), copies of all special project reports, annual management recommendation letters or other annual reports submitted in writing to the audit committee of the Borrower's board of directors by independent certified public accountants in connection with each annual, interim or special audit of the financial statements of the Borrower and its Subsidiaries made by such accountants;

 

(g) SEC Filings and Press Releases. Promptly upon their becoming available, copies of (i) all financial statements, reports, notices and proxy statements sent or made available generally by the Borrower to its security holders or by any Subsidiary of the Borrower to its security holders other than the Borrower or another Subsidiary of the Borrower, (ii) all regular and periodic reports and all registration statements (other than on Form S-8 or a similar form) and prospectuses, if any, filed by the Borrower or any of its Subsidiaries with any securities exchange or with the Securities and Exchange Commission or any Governmental Authority or private regulatory authority, and (iii) all press releases and other statements made available generally by the Borrower or any of its Subsidiaries to the public concerning material developments in the business of the Borrower or any of its Subsidiaries; provided, however, the Borrower shall not be required to deliver the foregoing information to (A) the Administrative Agent and the Lenders if such information is readily available to such Persons through an online service such as EDGAR, unless specifically required by the Administrative Agent and (B) the Lenders to the extent such information has been delivered to the Administrative Agent and the Borrower has confirmed that such information has been made available to the Lenders by the Administrative Agent through an online service such as IntraLinks or otherwise distributed by the Administrative Agent to the Lenders;

 

(h) Events of Default, etc. Promptly (but in any event within three (3) Business Days thereof) upon any officer of a Credit Party or any of its Subsidiaries obtaining knowledge (i) of any condition or event that constitutes a Default or an Event of Default, or becoming aware that any Lender has given any notice (other than to the Administrative Agent) or taken any other action with respect to a claimed Default or Event of Default, (ii) that any Person has given any notice to the Borrower or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the type referred to in Section 7.1(b) or (iii) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material

 

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Adverse Effect, an Officers' Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Default or Event of Default, default, event or condition, and what action the Credit Parties have taken, are taking and propose to take with respect thereto;

 

(i) Litigation or Other Proceedings. Promptly upon any officer of any Credit Party or any of its Subsidiaries obtaining knowledge of (i) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration against or affecting the Borrower or any of its Subsidiaries or any property of the Borrower or any of its Subsidiaries (collectively, "Proceedings") not previously disclosed in writing by a Credit Party to the Lenders or (ii) any material development in any Proceeding that, in any case:

 

(A) if adversely determined, has a reasonable possibility of giving rise to a Material Adverse Effect; or

 

(B) seeks to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions contemplated hereby;

 

written notice thereof together with such other information as may be reasonably available to the Credit Parties to enable the Lenders and their counsel to evaluate such matters;

 

(j) ERISA Events. Promptly upon becoming aware of the occurrence of or forthcoming occurrence of any ERISA Event that could reasonably be expected to result in a material liability, a written notice specifying the nature thereof, what action the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto;

 

(k) ERISA Notices. With reasonable promptness, copies of (i) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates with the Internal Revenue Service with respect to each Pension Plan; (ii) all notices received by the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event that could reasonably be expected to result in a material liability; and (iii) copies of such other documents or governmental reports or filings relating to any Employee Benefit Plan as the Administrative Agent shall reasonably request;

 

(l) Financial Plans. As soon as practicable and in any event no later than 60 days after the beginning of each Fiscal Year, a consolidated plan and financial forecast for such Fiscal Year (the "Financial Plan" for such Fiscal Year), including (i) forecasted

 

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consolidated balance sheet and forecasted consolidated statements of income and cash flows of the Borrower and its Subsidiaries for such Fiscal Year (prepared on a quarterly basis), together with an explanation of the assumptions on which such forecasts are based, and (ii) such other information and projections as any Lender may reasonably request;

 

(m) Insurance. As soon as practicable and in any event by the last day of each Fiscal Year, a report in form and substance satisfactory to the Administrative Agent outlining all material insurance coverage maintained as of the date of such report by the Borrower and its Subsidiaries and all material insurance coverage planned to be maintained by the Borrower and its Subsidiaries in the immediately succeeding Fiscal Year;

 

(n) Board of Directors. With reasonable promptness, written notice of any change in the board of directors of the Borrower, which notice will be deemed to have been properly delivered if such change is promptly disclosed in filings made with the SEC or press releases and delivered or made available to the Administrative Agent and Lenders under subsection (g) above;

 

(o) New Subsidiaries. Promptly upon any Person becoming a Subsidiary of the Borrower, a written notice setting forth with respect to such Person (a) the date on which such Person became a Subsidiary of the Borrower and (b) all of the data required to be set forth in Schedule 3.1-2 annexed hereto with respect to all Subsidiaries of the Borrower (it being understood that such written notice shall be deemed to supplement Schedule 3.1-2 annexed hereto for all purposes of this Agreement);

 

(p) Material Contracts. Promptly, and in any event within 10 Business Days after any Material Contract of the Borrower or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to the Borrower or such Subsidiary, as the case may be, a written statement describing such event with copies of such material amendments, and an explanation of any actions being taken with respect thereto;

 

(q) Uniform Commercial Code Search Report. As promptly as practicable after the filing by the Administrative Agent of any Uniform Commercial Code financing statements pursuant to the terms hereof or the Security Documents, upon the request of the Administrative Agent, copies of completed Uniform Commercial Code searches evidencing the proper filing, recording and indexing of all such Uniform Commercial Code financing statements and listing all other effective financing statements that name such Credit Party as debtor, together with copies of all such other financing statements not previously delivered to the Administrative Agent by or on behalf of the Borrower or such Credit Party;

 

(r) Collateral Information. Upon the reasonable request of the Administrative Agent, the Borrower shall provide to the Administrative Agent (i) an updated list of all locations of any Collateral and (ii) an updated list of any or all of the Intellectual Property of the Borrower and its Subsidiaries.

 

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(s) Asset Dispositions, Etc. Within 90 days after the end of each Fiscal Year of the Borrower, a certificate containing information regarding the amount of all Asset Dispositions, and Debt Issuances that were made during the prior Fiscal Year and amounts received in connection with any Recovery Event during the prior Fiscal Year together with a statement demonstrating a calculation of Excess Cash Flow;

 

(t) Environmental Report. As soon as practicable and in any event within 30 days after the end of each Fiscal Year, a management report in form and substance satisfactory to the Administrative Agent summarizing the status of any environmental remediation actions taken by the Borrower and its Subsidiaries during the previous Fiscal Year, any reserves established by the Borrower and its Subsidiaries with respect to such remediation actions, all expenses incurred by the Borrower and its Subsidiaries in connection with such remediation actions and any change to the Borrower's environmental insurance coverage; and

 

(u) Other Information. With reasonable promptness, such other information and data with respect to the Borrower or any of its Subsidiaries as from time to time may be reasonably requested by any Lender through the Administrative Agent.

 

Section 5.2 Corporate Existence, Etc.

 

Except as permitted under Section 6.7, the Borrower will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect its corporate existence and all rights and franchises material to its business; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to preserve any such right or franchise if the board of directors of the Borrower or such Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Borrower or such Subsidiary, as the case may be, and that the loss thereof is not disadvantageous in any material respect to the Borrower, such Subsidiary or the Lenders.

 

Section 5.3 Payment of Taxes, Claims and Other Obligations; Tax Consolidation.

 

(a) The Borrower will, and will cause each of its Subsidiaries to, pay all taxes, assessments and other governmental charges imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty accrues thereon, and all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred with respect thereto; provided that no such charge or claim need be paid if it is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so long as (i) such reserve or other appropriate provision, if any, as shall be required in conformity with GAAP shall have been made therefor and (ii) in the case of a charge or claim which has or may become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such charge or claim.

 

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(b) The Borrower will not, nor will it permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person (other than the Borrower or any of its Subsidiaries).

 

Section 5.4 Maintenance of Properties; Insurance.

 

(a) Maintenance of Properties. The Borrower will, and will cause each of its Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear excepted, all material properties used or useful in the business of the Borrower and its Subsidiaries (including all Intellectual Property) and from time to time will make or cause to be made all appropriate repairs, renewals and replacements thereof.

 

(b) Insurance. The Borrower will maintain or cause to be maintained, with financially sound and reputable insurers, such public liability insurance, third party property damage insurance, business interruption insurance, casualty insurance and environmental insurance with respect to liabilities, losses or damage in respect of the assets, properties and businesses of the Borrower and its Subsidiaries as may customarily be carried or maintained under similar circumstances by corporations of established reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for corporations similarly situated in the industry; provided that environmental insurance shall not be required for properties in a state where any environmental liabilities or losses would be indemnified or reimbursed by a trust fund established by such state and such trust fund is solvent. Without limiting the generality of the foregoing, the Borrower will maintain or cause to be maintained (i) to the extent not adequately self-insured in a manner reasonably deemed adequate by the Administrative Agent and consistent with the Borrower's past practices of self-insurance, flood insurance with respect to each Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, in each case in compliance with any applicable regulations of the Board of Governors of the Federal Reserve System, and (ii) replacement value casualty insurance on the Collateral under such policies of insurance, with such insurance companies, in such amounts, with such deductibles, and covering such risks as are at all times satisfactory to the Administrative Agent in its commercially reasonable judgment. Each such policy of insurance shall (A) name the Administrative Agent for the benefit of the Lenders as an additional insured thereunder as its interests may appear and (B) in the case of each business interruption and casualty insurance policy, contain a loss payable clause or endorsement, satisfactory in form and substance to the Administrative Agent, that names the Administrative Agent for the benefit of the Lenders as the loss payee or mortgagee thereunder and provides for at least 30 days prior written notice to the Administrative Agent of any modification or cancellation of such policy.

 

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Section 5.5 Books and Records; Inspection Rights.

 

The Borrower shall, and shall cause each of its Subsidiaries, to keep proper books of records and account in which complete entries consistent with sound business practices sufficient to support the preparation of financial statements conforming with GAAP shall be made of its dealings and transactions in relation to its businesses and activities. The Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by any Lender to visit and inspect any of the properties of the Borrower or of any of its Subsidiaries, to inspect, copy and take extracts from its and their financial and accounting records, and to discuss its and their affairs, finances and accounts with its and their officers and independent public accountants (provided that the Borrower may, if it so chooses, be present at or participate in any such discussion), all upon reasonable notice and at such reasonable times during normal business hours and as often as may reasonably be requested.

 

Section 5.6 Compliance with Laws, Etc.

 

The Borrower shall comply, and shall cause each of its Subsidiaries to comply, with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority (including all Environmental Laws), noncompliance with which could reasonably be expected to cause, individually or in the aggregate, a Material Adverse Effect.

 

Section 5.7 Environmental Review and Investigation, Disclosure, Etc.

 

(a) Environmental Review and Investigation.

 

(i) The Borrower agrees that the Administrative Agent may, from time to time and in its reasonable discretion, retain, at the Borrower's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials prepared by or for the Borrower with respect to any Mortgaged Property; and

 

(ii) in the event (A) the Administrative Agent reasonably believes that the Borrower has breached any representation, warranty or covenant contained in Sections 3.6, 3.13, 5.6, 5.7 or 5.8 or that there has been a material violation of Environmental Laws at any Facility or by the Borrower or any of its Subsidiaries at any other location or (B) a Default or Event of Default has occurred and is continuing, the Borrower agrees that the Administrative Agent may, from time to time and in its reasonable discretion, (i) retain, at the Borrower's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials prepared by or for the Borrower and (ii) subject to the terms of any applicable lease, conduct its own investigation of any Facility; provided that, in the case of any Facility no longer owned, leased, operated or used by the Borrower or any of its Subsidiaries, the Borrower shall only be obligated to make reasonable efforts to obtain permission for the Administrative Agent's professional consultant to conduct an investigation of such Facility.

 

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For purposes of conducting any review and/or investigation pursuant to subsection (a) or (b) above, subject to the terms of any applicable lease, the Borrower hereby grants to the Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by the Borrower or any of its Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewith. Any such investigation of any Facility shall be conducted, unless otherwise agreed to by the Borrower and the Administrative Agent, during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. The Borrower and the Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of the Administrative Agent pursuant to this Section will be obtained and shall be used by the Administrative Agent and the Lenders solely for the purposes of the Lenders' internal credit decisions, to monitor and police the Loans and to protect the Lenders' security interests created by the Credit Documents. The Administrative Agent agrees to deliver a copy of any such report to the Borrower with the understanding that the Borrower acknowledges and agrees that (1) it will indemnify and hold harmless the Administrative Agent and each Lender from any costs, losses or liabilities relating to the Borrower's use of or reliance on such report, (2) neither the Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (3) by delivering such report to the Borrower, neither the Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report.

 

(b) Environmental Disclosure. The Borrower will deliver to the Administrative Agent and the Lenders:

 

(i) Environmental Audits and Reports. As soon as practicable following receipt thereof, copies of all environmental audits, investigations, analyses and reports of any kind or character, whether prepared by personnel of the Borrower or any of its Subsidiaries or by independent consultants, Governmental Authorities or any other Persons, with respect to significant environmental matters at any Facility which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect or with respect to any Environmental Claims which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect;

 

(ii) Notice of Certain Releases, Remedial Actions, Etc. Promptly upon the occurrence thereof, written notice describing in reasonable detail (A) any Release required to be reported to any federal, state or local governmental or regulatory agency under any applicable Environmental Laws the existence of which has a reasonable possibility of resulting in one or more Environmental

 

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Claims having, individually or in the aggregate, a material adverse effect on the Mortgaged Property or Mortgage Properties where the Release occurred or a Material Adverse Effect, and (B) any remedial action taken by the Borrower or any other Person in response to (1) any Hazardous Materials Activities the existence of which has a reasonable possibility of resulting in one or more Environmental Claims having, individually or in the aggregate, a material adverse effect on the Mortgaged Property or Mortgage Properties where the Hazardous Materials Activities occurred or a Material Adverse Effect, or (2) any Environmental Claims that, individually or in the aggregate, have a reasonable possibility of resulting in a material adverse effect on the Mortgaged Property or Mortgage Properties to which the Environmental Claims relate or a Material Adverse Effect;

 

(iii) Written Communications Regarding Environmental Claims, Releases, Etc. As soon as practicable following the sending or receipt thereof by the Borrower or any of its Subsidiaries, a copy of any and all written communications with respect to (A) any Environmental Claims that, individually or in the aggregate, have a reasonable possibility of resulting in a material adverse effect on the Mortgaged Property or Mortgage Properties to which such Environmental Claims relate or a Material Adverse Effect, (B) any Release required to be reported to any federal, state or local governmental or regulatory agency the existence of which has a reasonable possibility of resulting in one or more Environmental Claims having, individually or in the aggregate, a material adverse effect on the Mortgaged Property or Mortgage Properties to which the Environmental Claims relate or a Material Adverse Effect, and (C) any request for information from any governmental agency that suggests such agency is investigating whether the Borrower or any of its Subsidiaries may be potentially responsible for any Hazardous Materials Activity that, individually or in the aggregate, have a reasonable possibility of resulting in a material adverse effect on the Mortgaged Property or Mortgage Properties at which the Hazardous Materials Activity occurred or a Material Adverse Effect;

 

(iv) Notice of Certain Proposed Actions Having Environmental Impact. Prompt written notice describing in reasonable detail (A) any proposed acquisition of stock, assets, or property by the Borrower or any of its Subsidiaries that could reasonably be expected to (1) expose the Borrower or any of its Subsidiaries to, or result in, Environmental Claims that, individually or in the aggregate, have a reasonable possibility of resulting in a material adverse effect on the Mortgaged Property or Mortgage Properties to which the Environmental Claims relate or a Material Adverse Effect or (2) affect the ability of the Borrower or any of its Subsidiaries to maintain in full force and effect all material Governmental Authorizations required under any Environmental Laws for their respective operations and (b) any proposed action to be taken by the Borrower or any of its Subsidiaries to modify current operations in a manner that could reasonably be expected to subject the Borrower or any of its Subsidiaries to any material additional obligations or requirements under any Environmental Laws; and

 

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(v) Other Information. With reasonable promptness, such other documents and information as from time to time may be reasonably requested by the Administrative Agent in relation to any matters disclosed pursuant to this Section.

 

Section 5.8 Hazardous Materials Activities; Environmental Claims/Violations.

 

(a) Remedial Actions Relating to Hazardous Materials Activities. The Borrower shall, to the extent required by applicable law and orders of Governmental Authorities having jurisdiction, promptly undertake, and shall cause each of its Subsidiaries promptly to undertake, any and all investigations, studies, sampling, testing, abatement, cleanup, removal, remediation or other response actions necessary to remove, remediate, clean up or abate any Hazardous Materials Activity on, under or about any Facility that is in violation of any Environmental Laws. In the event the Borrower or any of its Subsidiaries undertakes any such action with respect to any Hazardous Materials, the Borrower or such Subsidiary shall conduct and complete such action in compliance with all applicable Environmental Laws and in accordance with the policies, orders and directives of all federal, state and local Governmental Authorities except when, and only to the extent that, the Borrower's or such Subsidiary's liability with respect to such Hazardous Materials Activity is being contested in good faith by the Borrower or such Subsidiary.

 

(b) Actions with Respect to Environmental Claims and Violations of Environmental Laws. The Borrower shall promptly take, and shall cause each of its Subsidiaries promptly to take, any and all actions necessary to (i) cure any material violation of applicable Environmental Laws by the Borrower or its Subsidiaries except when, and only to the extent that, the Borrower's or such Subsidiary's liability with respect to such Hazardous Materials Activity is being contested in good faith by the Borrower or such Subsidiary and (ii) make an appropriate response to any Environmental Claim against the Borrower or any of its Subsidiaries and discharge any obligations it may have to any Person thereunder.

 

Section 5.9 Additional Guarantors.

 

The Credit Parties will cause each of their Domestic Subsidiaries with assets in excess of $1,000,000 or current annualized revenues in excess of $1,000,000, whether newly formed, after acquired or otherwise existing, to promptly (and in any event within sixty (60) days (or such longer period of time as agreed to by the Administrative Agent) after its formation or acquisition) become a Guarantor hereunder by way of execution of a Joinder Agreement; provided that at any time the value of assets and annualized revenues of all Domestic Subsidiaries of the Borrower that are not Credit Parties exceeds $5,000,000 in the aggregate, the Credit Parties will cause Domestic Subsidiaries that are not Credit Parties to promptly become Guarantors hereunder until the value of assets and annualized revenues of all Domestic

 

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Subsidiaries of the Borrower that are not Credit Parties are less than or equal to $5,000,000 in the aggregate. The guaranty obligations of any such Additional Credit Party shall be secured by, among other things, the Collateral (subject to prohibitions on the granting of security interests imposed by state gaming laws and regulations with regard to any gaming license and related assets used by the Credit Parties) of the Additional Credit Party and a pledge of 100% of the Capital Stock or other equity interest of its Domestic Subsidiaries and 65% of the Capital Stock or other equity interest of its first-tier Foreign Subsidiaries, and a pledge by the Borrower or other Credit Party which is the owner of the Capital Stock or other equity interest in such Subsidiary of 100% of such Capital Stock or other equity interest. In connection with the foregoing, the Credit Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially the same documentation required pursuant to Sections 4.1(b)-(d), 5.10 and 5.11 and such other documents or agreements as the Administrative Agent may reasonably request.

 

Section 5.10 Pledged Assets.

 

Each Credit Party will grant a First Priority Lien (subject in each case to Permitted Liens) in favor of the Administrative Agent in its real and personal property pursuant to the terms and conditions of the Security Documents or such other security documents as the Administrative Agent shall reasonably request, provided, no Lien shall be granted by any Credit Party in favor of the Administrative Agent (a) if any such security interest is prohibited by applicable state gaming laws and regulations with regard to any gaming license and related assets used by such Credit Party, (b) on any leasehold interest held by a Credit Party in any leased store property or (c) on any property subject to a sale leaseback transaction permitted by Section 6.8. Each Credit Party shall adhere to the covenants regarding personal property as set forth in the Security Documents.

 

Section 5.11 Matters Relating to Additional Real Property Collateral.

 

(a) Additional Real Property Collateral. From and after the Closing Date, in the event that (i) the Borrower or any Guarantor acquires any fee interest in real property or (ii) at the time any Person becomes a Guarantor, such Person owns or holds any fee interest in real property, in either case excluding (x) any such Real Property Asset held for sale as approved by the Administrative Agent, (y) any such Real Property Asset the encumbrancing of which requires the consent of any applicable then-existing senior lienholder, where the Borrower and its Subsidiaries are unable to obtain such senior lienholder's consent and (z) so long as no Event of Default shall have occurred and be continuing, any such Real Property Asset that the Borrower or such Guarantor intends to sell and lease back in accordance with Section 6.8 within ninety (90) days of the date of acquisition of such Real Property Asset, the date a store begins operation on a Development Property, or the date such Person becomes a Guarantor, as the case may be (any such non-excluded Real Property Asset described in the foregoing clauses (i) or (ii) being an "Additional Mortgaged Property"), the Borrower will promptly notify the Administrative Agent of that fact and the Borrower or such Guarantor shall deliver to the Administrative Agent, on or before the next Mortgage Notice Date which occurs at least 30 days after such Person acquires such Additional Mortgaged Property or becomes a

 

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Guarantor (or such longer period of time as agreed to by the Administrative Agent) or, in the case of any such Real Property Asset which was excluded from being an Additional Mortgaged Property pursuant to clause (y) above, and which was not sold and leased back within the applicable 90-day period, on or before the next Mortgage Notice Date which occurs at least thirty (30) days after the expiration of such 90-day period, as the case may be, all or any of the following to the extent requested by the Administrative Agent in its sole discretion:

 

(A) Additional Mortgage. A fully executed and notarized Mortgage (an "Additional Mortgage"), duly recorded in all appropriate places in all applicable jurisdictions, encumbering the interest of such Credit Party in such Additional Mortgaged Property;

 

(B) Opinions of Counsel. Unless otherwise approved by the Administrative Agent, with respect to each Additional Mortgaged Property with a fair market value of $5,000,000 or more or which Additional Mortgaged Property is located in a jurisdiction as to which the Administrative Agent, the Lenders or their predecessors under the Existing Credit Agreement have not previously received an opinion as to the enforceability of the form of Mortgage to be executed with respect to such Mortgaged Property (1) a favorable opinion of counsel to such Credit Party, in form and substance satisfactory to the Administrative Agent and its counsel, as to the due authorization, execution and delivery by such Credit Party of such Additional Mortgage and such other matters as the Administrative Agent may reasonably request, and (2) an opinion of counsel (which counsel shall be reasonably satisfactory to the Administrative Agent) in the state in which such Additional Mortgaged Property is located with respect to the enforceability of the form of Additional Mortgage to be recorded in such states and such other matters (including any matters governed by the laws of such state regarding personal property security interests in respect of any Collateral) as the Administrative Agent may reasonably request, in each case in form and substance reasonably satisfactory to the Administrative Agent;

 

(C) Title Insurance. Unless otherwise approved by the Administrative Agent, with respect to each Additional Mortgaged Property with a fair market value of $5,000,000 or more or if any Credit Party is purchasing title insurance or is otherwise being provided with title insurance with respect to such Additional Mortgaged Property, an ALTA mortgagee title insurance policy or an unconditional commitment therefor (an "Additional Mortgage Policy") with respect to such Additional Mortgaged Property, in an amount satisfactory to the Administrative Agent, insuring fee simple title to such Additional Mortgaged Property vested in such Credit Party and assuring the Administrative Agent that such Additional Mortgage creates a valid and enforceable First Priority mortgage Lien on such Additional Mortgaged Property, subject only to a

 

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standard survey exception, which Additional Mortgage Policy (1) shall include an endorsement for mechanics' liens, for future advances under this Agreement and for any other matters reasonably requested by the Administrative Agent and (2) shall provide for affirmative insurance and such reinsurance as the Administrative Agent may reasonably request, all of the foregoing in form and substance reasonably satisfactory to the Administrative Agent;

 

(D) Title Report. Unless otherwise approved by the Administrative Agent, with respect to each Additional Mortgaged Property with a fair market value in excess of $3,500,000 or more or with respect to which any Credit Party has received a title report, a title report issued by a title company with respect thereto, in form and substance satisfactory to the Administrative Agent, and copies of all recorded documents listed as exceptions to title or otherwise referred to in such title report;

 

(E) Matters Relating to Flood Hazard Properties. (1) Evidence, which may be in the form of a letter from an insurance broker or a municipal engineer, as to (x) whether such Additional Mortgaged Property is a Flood Hazard Property and (y) if so, whether the community in which such Flood Hazard Property is located is participating in the National Flood Insurance Program, (2) if such Additional Mortgaged Property is a Flood Hazard Property, such Credit Party's written acknowledgement of receipt of written notification from the Administrative Agent (x) that such Additional Mortgaged Property is a Flood Hazard Property and (y) as to whether the community in which such Flood Hazard Property is located is participating in the National Flood Insurance Program, and (3) in the event such Additional Mortgaged Property is a Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, evidence that the Borrower has obtained flood insurance in respect of such Flood Hazard Property to the extent required under the applicable regulations of the Board of Governors of the Federal Reserve System; and

 

(F) Environmental Audit. Unless otherwise approved by the Administrative Agent, with respect to each Additional Mortgaged Property with a fair market value in excess of $3,500,000, reports and other information, in form, scope and substance satisfactory to the Administrative Agent, concerning any environmental hazards or liabilities to which the Borrower or any of its Subsidiaries may be subject with respect to such Additional Mortgaged Property; provided that, notwithstanding the foregoing, the Borrower shall provide to the Administrative Agent any environmental reports or other environmental information the Borrower has received with respect to such Additional Mortgaged Property.

 

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(b) Florida Real Property. In the event that the real property securing the Credit Party Obligations located in the State of Florida increases in value after the Closing Date by an amount that the Administrative Agent in the exercise of its reasonable discretion deems to be material, then the Borrower hereby agrees upon request by the Administrative Agent to amend the Mortgages on the Florida real property to reflect such increase in value and to pay any recording or other real property taxes or fees arising as a result of such increased value and the recording of such amendments.

 

Section 5.12 Use of Proceeds.

 

The proceeds of the Extensions of Credit shall be used solely by the Borrower as follows:

 

(a) with respect to the Loans, to (i) refinance certain existing indebtedness of the Borrower, including indebtedness associated with the Existing Credit Agreement, (ii) pay fees and expenses in connection with the Credit Documents, and (iiiii) provide for working capital and other general corporate purposes of the Borrower and its Subsidiaries, including Permitted Acquisitions; and

 

(b) the Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.

 

Section 5.13 Post-Closing Covenant; Further Assurances.

 

(a) Real Property Collateral. Within 90 days after the Closing Date (or such extended period of time as agreed to by the Administrative Agent), the Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

 

(i) fully executed and notarized mortgage instruments (amendments or new mortgage instruments, as applicable) encumbering the Real Property Assets on Schedule 5.13;

 

(ii) a title report obtained by the Credit Parties in respect of 30 mortgaged Real Property Assets listed on Schedule 5.13, as selected by the Arrangers in their reasonable discretion; provided that the Arrangers shall have the right, in their reasonable discretion, to require title reports for additional mortgaged Real Property Assets listed on Schedule 5.13 to the extent the initial title reports reflect any Lien (other than a Permitted Encumbrance or non-material Lien) on one or more of such 30 mortgaged Real Property Assets;

 

(iii) an opinion of counsel to the Credit Parties for each jurisdiction in which the mortgaged Real Property Assets listed Schedule 5.13 are located; and

 

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(iv)(A) evidence, which may be in the form of a letter from an insurance broker or a municipal engineer, as to (1) whether any mortgaged Real Property Asset listed on Schedule 5.13 is a Flood Hazard Property and (2) if so, whether the community in which such Flood Hazard Property is located is participating in the National Flood Insurance Program, (B) if any such mortgaged Real Property Asset is a Flood Hazard Property, such Credit Party's written acknowledgement of receipt of written notification from the Administrative Agent (1) that such mortgaged Real Property Asset is a Flood Hazard Property and (2) as to whether the community in which such Flood Hazard Property is located is participating in the National Flood Insurance Program, and (3) in the event such mortgaged Real Property Asset is a Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, evidence that the Borrower has obtained flood insurance in respect of such Flood Hazard Property to the extent required under the applicable regulations of the Board of Governors of the Federal Reserve System.

 

(b) Further Assurances. Upon the request of the Administrative Agent promptly perform or cause to be performed any and all acts and file or cause to be filed any and all documents for filing under the provisions of the Uniform Commercial Code or any other Requirement of Law which are necessary or advisable to maintain in favor of the Administrative Agent, for the benefit of the Lenders, Liens on the Collateral that are duly perfected in accordance with all applicable Requirements of Law.

 

ARTICLE VI

 

NEGATIVE COVENANTS

 

The Credit Parties hereby covenant and agree that on the Closing Date, and thereafter for so long as this Credit Agreement is in effect and until the Commitments have terminated, no Note remains outstanding and unpaid and the Credit Party Obligations (except for inchoate indemnification and reimbursement obligations) together with interest, Commitment Fees and all other amounts owing to the Administrative Agent or any Lender hereunder and under the other Credit Documents, are paid in full, the Credit Parties and their Subsidiaries shall be subject to the restrictions set forth in this Article VI.

 

Section 6.1 Indebtedness.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except:

 

(a) the Credit Parties may become and remain liable with respect to the Credit Party Obligations (including, without limitation, the Incremental Facilities);

 

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(b) the Borrower and its Subsidiaries may become and remain liable with respect to Contingent Obligations permitted by Section 6.4 and, upon any matured obligations actually arising pursuant thereto, the Indebtedness corresponding to the Contingent Obligations so extinguished;

 

(c) the Borrower and its Subsidiaries may become and remain liable with respect to Indebtedness in respect of Capital Leases and Indebtedness, including Indebtedness recognized due to any sale and leaseback transaction permitted by Section 6.8, incurred in the ordinary course of business to finance the cost of acquisition or the cost of construction, improvement or remodeling of an asset used in the business of the Borrower and its Subsidiaries; provided that (i) the principal amount of such Indebtedness does not exceed the sum of 100% of such cost of acquisition, construction, improvement or remodeling, plus the reasonable fees and expenses incurred in connection therewith, (ii) any lien or encumbrance securing such Indebtedness is placed on such asset not more than 90 days after its acquisition or the completion of construction, improvement or remodeling, as the case may be and (iii) the Borrower is in pro forma compliance with the Senior Secured Leverage Incurrence Test;

 

(d) the Borrower may become and remain liable with respect to Indebtedness to any Guarantor, and any Guarantor may become and remain liable with respect to Indebtedness to the Borrower or any other Guarantor; provided that (i) all such intercompany Indebtedness shall be evidenced by promissory notes and such promissory notes shall be delivered to the Administrative Agent together with such allonges or endorsements as the Administrative Agent may require, (ii) all such intercompany Indebtedness owed by the Borrower to any of the Guarantors shall be subordinated in right of payment to the payment in full of the Credit Party Obligations pursuant to the terms of the applicable promissory notes or an intercompany subordination agreement and (iii) any payment by any Guarantor under the Guaranty shall result in a pro tanto reduction of the amount of any intercompany Indebtedness owed by such Guarantor to the Borrower or to any other Guarantor for whose benefit such payment is made;

 

(e) the Borrower and its Subsidiaries, as applicable, may remain liable with respect to Indebtedness described in Schedule 6.1 annexed hereto and renewals, refinancings or extensions thereof in a principal amount not in excess of that outstanding as of the Closing Date and as the date of such renewal, refinancing or extension;

 

(f) so long as the Borrower is in pro forma compliance with the Interest Coverage Incurrence Test and no Default or Event of Default has occurred and is continuing or would otherwise arise as a result of the incurrence of the Indebtedness, the Credit Parties may become and remain liable with respect to Subordinated Indebtedness or unsecured Indebtedness and refinancings, exchanges, extensions and renewals thereof; provided that (i) the terms and conditions of such Indebtedness shall be consistent with market terms for similar issuances at such time and (ii) such Indebtedness shall otherwise be on terms and conditions reasonably acceptable to the Administrative Agent;

 

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(g) the Borrower and its Subsidiaries may become and remain liable with respect to Indebtedness in respect of (i) customary indemnification obligations entered into in connection with any Permitted Acquisition, Development Property Expenditure or asset sale permitted under this Agreement and (ii) customary purchase price adjustments in connection with any Permitted Acquisition, Development Property Expenditure or asset sale permitted under this Agreement based on differences between estimated assets or liabilities at closing and the subsequent final determination of such assets or liabilities following closing;

 

(h) the Borrower and its Subsidiaries may become and remain liable in the ordinary course of business in respect of netting services, overdraft protection and other services in connection with deposit accounts; provided that the aggregate amount of such Indebtedness shall not exceed $5,000,000 at any time;

 

(i) the Borrower and its Subsidiaries may become and remain liable for Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within two (2) Business Days of the incurrence of such Indebtedness; and

 

(j) the Borrower and its Subsidiaries may become and remain liable with respect to other Indebtedness (including Indebtedness assumed in any Permitted Acquisition or Development Property Expenditure) in an aggregate principal amount not to exceed $45,000,000 at any time outstanding.

 

Section 6.2 Liens and Related Matters.

 

(a) Prohibition on Liens. The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of the Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any State or under any similar recording or notice statute, except the following Liens shall be permitted (the "Permitted Liens"):

 

(i) Permitted Encumbrances;

 

(ii) Liens granted pursuant to the Security Documents;

 

(iii) Liens existing as of the Closing Date and described in Schedule 6.2 annexed hereto; provided that (A) no such Lien shall at any time be extended to cover property or assets other than the property or assets subject thereto on the Closing Date and (B) the principal amount of the Indebtedness secured by such Liens shall not be increased, extended, renewed, refunded or refinanced except as permitted pursuant to the terms of Section 6.1;

 

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(iv)(A) purchase money Liens securing Indebtedness (and refinancings thereof) permitted under Section 6.1(c) to the extent such Liens extend only to the assets financed with such Indebtedness and (B) Liens on escrow or other similar accounts and the deposits therein, established to hold funds that support customary indemnification and purchase price adjustment obligations permitted under Sections 6.1(g) and 6.4(c); and

 

(v) other Liens or notices of Liens securing or relating to Indebtedness (including Indebtedness and Liens assumed in any Permitted Acquisition or Development Property Expenditure) in an aggregate amount not to exceed $25,000,000 at any time outstanding; provided that such Liens shall not encumber any property or assets constituting Collateral, unless such property or assets are acquired in a Permitted Acquisition or Development Property Expenditure and such Liens (A) encumbered such property or assets immediately prior to the consummation of such Permitted Acquisition or Development Property Expenditure, (B) were not granted in anticipation of such Permitted Acquisition or Development Property Expenditure and (C) do not and will not encumber any other property or assets of the Credit Parties and their Subsidiaries.

 

(b) Equitable Lien in Favor of the Lenders. If the Borrower or any of its Subsidiaries shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Permitted Liens, it shall make or cause to be made effective provision whereby the Credit Party Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided that, notwithstanding the foregoing, this covenant shall not be construed as a consent by the Required Lenders to the creation or assumption of any such Lien that is not a Permitted Lien.

 

(c) No Further Negative Pledges. Except with respect to (i) specific property encumbered to secure Indebtedness permitted pursuant to the terms of Section 6.1(c), (ii) escrow or other similar accounts and the deposits therein, established to hold funds that support customary indemnification and purchase price adjustment obligations permitted under Sections 6.1(b) and 6.4(c), (iii) specific property to be sold pursuant to an executed agreement with respect to an asset sale permitted pursuant to the terms of Section 6.7, or (iv) subject to compliance with Section 6.12, prohibitions on Liens or restrictions imposed by gaming laws or regulations in any jurisdiction as such laws or regulations affect the Borrower's or its Subsidiaries' assets used in their video poker and lottery ticket sales activities, neither the Borrower nor any of its Subsidiaries shall enter into any agreement (other than the Senior Subordinated Note Indenture, the Senior Subordinated Convertible Note Indenture or any other agreement prohibiting only the creation of Liens securing Subordinated Indebtedness) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

 

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(d) No Restrictions on Subsidiary Distributions to the Borrower or Other Subsidiaries. Except as provided herein, the Borrower will not, and will not permit any of its Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Subsidiary to (i) pay dividends or make any other distributions on any of such Subsidiary's Capital Stock owned by the Borrower or any other Subsidiary of the Borrower, (ii) repay or prepay any Indebtedness owed by such Subsidiary to the Borrower or any other Subsidiary of the Borrower, (iii) make loans or advances to the Borrower or any other Subsidiary of the Borrower, or (iv) transfer any of its property or assets to the Borrower or any other Subsidiary of the Borrower; provided that the foregoing clause (iv) shall not apply to (A) restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (B) arising by virtue of any agreement, option or right with respect to the sale or transfer of any asset permitted by Section 6.7 and (C) customary provisions in leases, licenses or other contracts restricting the assignment, subletting or sublicensing or transfer thereof.

 

Section 6.3 Investments; Joint Ventures.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make, own or hold any Investment in any Person, including any Joint Venture, except the following Investments shall be permitted (the "Permitted Investments"):

 

(a) the Borrower and its Subsidiaries may make and own Investments in Cash Equivalents;

 

(b) the Borrower and its Subsidiaries may make Investments in any Credit Party;

 

(c) the Borrower and its Subsidiaries may make intercompany loans permitted under subsection 6.1(d);

 

(d) the Borrower and its Subsidiaries may make and own Investments in connection with Permitted Acquisitions made in accordance with Section 6.7(d); provided that such Permitted Acquisitions shall at all times be Subsidiaries of the Borrower;

 

(e) the Borrower and its Subsidiaries may continue to own the Investments owned by them and described in Schedule 6.3 annexed hereto;

 

(f) the Borrower or any of its Subsidiaries may make loans to their employees for the purpose of purchasing Capital Stock of the Borrower; provided that the aggregate amount of such loans shall not exceed $2,000,000 at any time outstanding and such loans are in compliance with all Requirements of Law (including, without limitation, the Sarbanes-Oxley Act of 2002, as amended);

 

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(g) the Credit Parties may enter into and permit to exist (i) Secured Hedging Agreements and other Hedging Agreements entered into in order to manage existing or anticipated interest rate, exchange rate or commodity price risks in the ordinary course of business and not for speculative purposes and (ii) Convertible Hedging Agreements; and

 

(h) the Borrower and its Subsidiaries may make and own other Investments in an aggregate amount not to exceed at any time $10,000,000 plus, with respect to Investments made in any Fiscal Year, any unused amount for Restricted Junior Payments permitted under Section 6.5(e) for such Fiscal Year; provided that such Investments are in compliance with all Requirements of Law (including, without limitation, the Sarbanes-Oxley Act of 2002, as amended).

 

Section 6.4 Contingent Obligations.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create or become or remain liable with respect to any Contingent Obligation, except:

 

(a) Subsidiaries of the Borrower may become and remain liable with respect to Contingent Obligations in respect of the Guaranty;

 

(b) the Credit Parties may become and remain liable with respect to Contingent Obligations in respect of Letters of Credit, surety bonds issued in the ordinary course that are required by applicable law or regulation and Hedging Agreements and Convertible Hedging Agreements permitted pursuant to Section 6.3(g);

 

(c) the Borrower and its Subsidiaries may become and remain liable with respect to Contingent Obligations in respect of customary indemnification and purchase price adjustment obligations permitted pursuant to Section 6.1(g);

 

(d) the Borrower and its Subsidiaries may become and remain liable with respect to Contingent Obligations under guarantees in the ordinary course of business of the obligations of suppliers, customers, franchisees and licensees of the Borrower and its Subsidiaries in an aggregate amount not to exceed at any time $5,000,000;

 

(e) the Borrower and its Subsidiaries, as applicable, may remain liable with respect to Contingent Obligations described in Schedule 6.4 annexed hereto;

 

(f) Guarantors may become and remain liable with respect to Contingent Obligations arising under guarantees of Indebtedness to the extent such Indebtedness is issued pursuant to and in accordance with the terms of Section 6.1(f) hereof; provided that (i) such guarantee shall be unsecured to the extent such guarantee is of unsecured Indebtedness and (ii) such guarantee shall constitute Subordinated Indebtedness to the extent such guarantee is of Subordinated Indebtedness;

 

(g) the Borrower may become and remain liable with respect to Contingent Obligations under guarantees in respect of Capital Leases and Operating Leases

 

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permitted hereunder that are entered into by the Borrower's Subsidiaries in the ordinary course of business or under guarantees in respect of obligations of the Borrower's Subsidiaries (other than Indebtedness for borrowed money) permitted hereunder that are incurred in the ordinary course of business;

 

(h) the Borrower and its Subsidiaries may become and remain liable with respect to other Contingent Obligations; provided that the maximum aggregate liability, contingent or otherwise, of the Borrower and its Subsidiaries in respect of all such Contingent Obligations shall at no time exceed $10,000,000; and

 

(i) the Borrower and its Subsidiaries may become and remain liable with respect to Contingent Obligations with respect to Indebtedness of a Credit Party under Permitted Sale Leaseback Transactions.

 

Section 6.5 Restricted Junior Payments.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Junior Payment; provided that (a) the Borrower may make regularly scheduled payments of interest in respect of any Indebtedness permitted under Section 6.1(f) hereof in accordance with the terms of, and only to the extent required by, and subject to the subordination provisions contained in, the Senior Subordinated Indenture, the Senior Subordinated Convertible Note Indenture or the indenture or other contract pursuant to which such other Subordinated Indebtedness is issued, as the case may be, in each case, as such indenture or other contract may be amended from time to time to the extent permitted under Section 6.13(b), (b) the Borrower may make Restricted Junior Payments pursuant to and in accordance with stock option plans, stock purchase plans or other benefit plans for management or employees of the Borrower or any Subsidiary including the redemption or purchase of shares of common stock of the Borrower held by former employees of the Borrower or any Subsidiary following the termination of their employment, in an amount not to exceed $2,000,000 during the term of this Agreement (plus any amounts received by the Borrower after the Closing Date and prior to making such Restricted Junior Payment from the issuance of additional shares of its common stock to members of management or employees of the Borrower and its Subsidiaries), (c) the Borrower may make Restricted Junior Payments with proceeds from an issuance of its Capital Stock or from the issuance of Indebtedness, in each case, in replacement of, or exchange for, Indebtedness permitted under Section 6.1(f) to the extent such equity issuance or Indebtedness is issued on terms reasonably satisfactory to the Administrative Agent; provided that in each case (i) the Borrower shall be in pro forma compliance with Section 6.6 both before and after giving pro forma effect to each such Restricted Junior Payment and (ii) no Default or Event of Default shall have occurred and be continuing or would otherwise arise as a result of any such Restricted Junior Payment, (d) so long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may make payments of fractional shares upon conversion of the Senior Subordinated Convertible Notes on or after the Closing Date if required to do so by the holders thereof and (e) so long as the Borrower is in pro forma compliance with the Senior Secured Leverage Incurrence Test and no Default or Event of Default has occurred and is continuing or would result therefrom, the Borrower may make Restricted Junior Payment in an aggregate amount not to exceed (i) $35,000,000 per Fiscal Year plus (ii) the amount of Excess Cash Flow not required to be prepaid pursuant to Section 2.8(b)(v) for the previous Fiscal Year.

 

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Section 6.6 Financial Covenants.

 

Commencing on the day immediately following the Closing Date, the Borrower shall, and shall cause its Subsidiaries to, comply with the following financial covenants:

 

(a) Consolidated Total Adjusted Leverage Ratio. The Consolidated Total Adjusted Leverage Ratio, as of the last day of each Fiscal Quarter of the Borrower occurring during the periods indicated below, shall be less than or equal to the following:

 

	  	  	  
	

Period

	
  

	
Ratio

	
Fiscal Quarter ending September 27, 2007 through and including Fiscal Quarter ending June 25, 2009

	
  

	
6.50 to 1.00

	
Fiscal Quarter ending September 24, 2009 and each Fiscal Quarter ending thereafter

	
  

	
6.25 to 1.00

 

(b) Consolidated Interest Coverage Ratio. The Consolidated Interest Coverage Ratio, as of the last day of each Fiscal Quarter of the Borrower (beginning with the fiscal quarter ending September 27, 2007), shall be greater than or equal to 2.25 to 1.00 at all times.

 

Section 6.7 Restriction on Fundamental Changes, Asset Sales and Acquisitions.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, alter the corporate, capital or legal structure of the Borrower or any of its Subsidiaries, or enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub-lease (as lessor or sublessor), transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, property or assets, whether now owned or hereafter acquired, or acquire by purchase or otherwise all or substantially all the business, property or fixed assets of, or Capital Stock or other evidence of beneficial ownership of, any Person or any division or line of business of any Person, except:

 

(a) so long as no Default or Event of Default shall have occurred and be continuing or shall be caused thereby, (i) any Guarantor or other Subsidiary of the Borrower may be merged with or into the Borrower or any wholly-owned Guarantor, or be liquidated, wound up or dissolved, or all or any part of its business, property or assets may be conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a series of transactions, to the Borrower or any wholly-owned Guarantor and (ii) in connection with any Permitted Acquisition, the Borrower or any Guarantor may merge into or consolidate with any other Person or permit any other Person to merge into or consolidate with it; provided that (A) if such merger involves the Borrower, the Borrower shall be the continuing or surviving corporation and (B) if such a merger involves a wholly-owned Guarantor, such wholly-owned Guarantor shall be the continuing or

 

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surviving corporation or such continuing or surviving corporation shall be a wholly-owned Subsidiary of the Borrower and shall comply with Sections 5.9, 5.10 and 5.11 hereof;

 

(b) the Borrower and its Subsidiaries may sell inventory in the ordinary course of business and dispose of obsolete, worn out or surplus property in the ordinary course of business (but excluding dispositions of underperforming assets);

 

(c) subject to Section 6.11, the Borrower and its Subsidiaries may make (i) asset sales and dispositions (including sales and dispositions of underperforming assets) not otherwise permitted by this Section 6.7 of assets having a fair market value not in excess of $20,000,000 in the aggregate in any four Fiscal Quarter period, or $90,000,000 in the aggregate during the term of this Credit Agreement; provided that properties acquired in Permitted Acquisitions shall be excluded from the foregoing baskets to the extent the sale of such properties is contemplated at the time of such Permitted Acquisitions, and (ii) sale and leasebacks permitted by Section 6.8; provided that (A) the consideration received for such assets shall be in an amount at least equal to the fair market value thereof, (B) at least 80% of the consideration received shall be Cash and (C) the Net Cash Proceeds of such asset sales shall be applied as required by Section 2.8(b)(ii);

 

(d) the Borrower or any Subsidiary of the Borrower may make acquisitions (each a "Permitted Acquisition") of assets and businesses (including acquisitions of the Capital Stock or other equity interests of another Person); provided that:

 

(i) immediately prior to and after giving effect to any such acquisition, the Borrower and its Subsidiaries shall be in compliance with the provisions of Section 6.12 hereof;

 

(ii) such Person becomes a Subsidiary of the Borrower, or such business, property or other assets are acquired by the Borrower or a Subsidiary of the Borrower;

 

(iii) prior to the consummation of any such acquisition that would result in the Borrower having completed Permitted Acquisitions for Net Cash Consideration exceeding $10,000,000 in any Fiscal Quarter, the Borrower shall deliver to the Administrative Agent (A) an Officers' Certificate (1) certifying that no Default or Event of Default under this Agreement shall then exist or shall occur as a result of such acquisition and (2) demonstrating, in a manner consistent with past practices or otherwise acceptable to the Administrative Agent, that after giving effect to such acquisition and to all Indebtedness to be incurred or assumed or repaid in connection with or as consideration for such acquisition, that the Borrower would be in pro forma compliance with the Senior Secured Leverage Incurrence Test for the four consecutive Fiscal Quarter period ending on or immediately prior to the date of the proposed acquisition; provided that if such acquisition is consummated during the first 45 days after the end of a Fiscal

 

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Quarter, then such pro forma compliance shall be determined for the four consecutive Fiscal Quarter period ending on the last day of the penultimate Fiscal Quarter prior to the date of such acquisition, (B) a copy of all environmental reports obtained in connection with such acquisition and a copy of the principal documents (e.g., purchase agreement, merger agreement) related to such acquisition, (C) for any acquisition with Net Cash Consideration in excess of $50,000,000, a copy, prepared in conformity with GAAP or otherwise acceptable to the Administrative Agent, of financial statements (audited financial statements to the extent available) of the Person or business so acquired for the immediately preceding four consecutive Fiscal Quarter period corresponding to the calculation period for the financial covenants in the preceding clause (A) (and, if an asset purchase, pro forma financial statements on a historical basis), (D) for any acquisition with Net Cash Consideration in excess of $200,000,000, copies, prepared in conformity with GAAP or otherwise acceptable to the Administrative Agent, of audited financial statements of the Person or business so acquired for the most recent available Fiscal Year, and of unaudited financial statements prepared in a manner consistent with such Person's most recent audited financial statements for the four consecutive Fiscal Quarter period corresponding to the calculation period for the financial covenants in the preceding clause (A) (and, if an asset purchase, pro forma financial statements on a historical basis); provided that, if audited financial statements are not available for a period exceeding two Fiscal Quarters following the date of the most recent audited financial statements provided for the Person or business so acquired, then the Borrower also will provide a due diligence report in form and substance acceptable to the Administrative Agent from a third party auditor acceptable to the Administrative Agent and (E) such other information as the Administrative Agent may reasonably request;

 

(iv) the Borrower shall, and shall cause its Subsidiaries to, comply with the requirements of Sections 5.9, 5.10 and 5.11 hereof with respect to such acquisitions;

 

(v) after giving effect to such acquisition, there shall be at least $20,000,000 of borrowing availability under the Revolving Committed Amount;

 

(vi) such acquisition is not a "hostile" acquisition and has been approved by the board of directors and/or shareholders of the Borrower and the Person that is the subject of the acquisition; and

 

(vii) with respect to any single acquisition (or series of related acquisitions) of 20 or more stores or any single acquisition (or series of related acquisitions) where the purchase price is equal to or greater than $20,000,000, such Person has EBITDA for the twelve month period ending as of the most recent Fiscal Quarter end of such Person prior to the acquisition date in an amount greater than $0, after giving effect to all adjustments to EBITDA permitted pursuant to Regulation S-X and any cost savings or synergies acceptable to the Administrative Agent;

 

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provided, however, to the extent an acquisition fails to meet the requirements set forth in Section 6.7(d)(iii)(A)(2) or Section 6.7(d)(v) above, but otherwise satisfies the other requirements set forth in this Section 6.7(d), the Borrower and its Subsidiaries may make such acquisition (each an "Additional Acquisition") subject to the following conditions: (1) no more than 10 stores may be acquired in any Fiscal Year pursuant to Additional Acquisitions, (2) the total consideration paid for Additional Acquisitions in any Fiscal Year shall not exceed $50,000,000 in the aggregate, (3) for purposes of this Credit Agreement, any such Additional Acquisition shall be treated as a capital expenditure rather than a Permitted Acquisition and shall be included in the calculation of Consolidated Capital Expenditures for the relevant period and (4) each such Additional Acquisition shall be subject to the approval of the Administrative Agent, not to be unreasonably withheld; provided, further, it is understood and agreed that an acquisition of a Development Property shall constitute a Consolidated Capital Expenditure unless it is part of a Permitted Acquisition.

 

(e) the Borrower may amend its Certificate of Incorporation to create and issue classes or series of preferred stock pursuant thereto; provided that any class or series of preferred stock issued under such authorized "blank check" preferred stock shall not be Disqualified Capital Stock;

 

(f) the Borrower may terminate any Hedging Agreement permitted pursuant to Section 6.3(g); and

 

(g) the Borrower and its Subsidiaries may make transfers of any of their properties or assets to another Person in transactions in which 80% of the consideration received by the transferor consists of properties or assets (other than Cash) that will be used in the business of the transferor; provided that (i) the aggregate fair market value (as determined in good faith by the board of directors of the Borrower) of the property or assets being transferred by the Borrower or such Subsidiary is not greater than the aggregate fair market value (as determined in good faith by the board of directors of the Borrower) of the property or assets received by the Borrower or such Subsidiary in such exchange, (ii) the aggregate fair market value (as determined in good faith by the board of directors of the Borrower) of all property or assets transferred by the Borrower and any of its Subsidiaries in connection with such exchanges in any Fiscal Year shall not exceed $20,000,000 and (iii) the terms of any such transaction shall be reasonably satisfactory to the Administrative Agent.

 

Section 6.8 Sales and Leasebacks.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease, whether an Operating Lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which the Borrower or any of its Subsidiaries has sold or transferred or is to sell or transfer to any other Person (other than the

 

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Borrower or any of its Subsidiaries) or (b) which the Borrower or any of its Subsidiaries intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by the Borrower or any of its Subsidiaries to any Person (other than the Borrower or any of its Subsidiaries) in connection with such lease; provided that (i) the Borrower and its Subsidiaries may remain liable as lessee or as a guarantor or other surety with respect to any lease entered into by the Borrower or any such Subsidiary prior to the Closing Date and set forth on Schedule 6.8-1 annexed hereto, (ii) to the extent such sale and leaseback transaction relates to properties or assets owned by the Borrower or any of its Subsidiaries as of the Closing Date and set forth on Schedule 6.8-2 or acquired by the Borrower or any of its Subsidiaries after the Closing Date, including any Development Property, the Borrower and its Subsidiaries may become liable as lessee, guarantor or other surety with respect to new leases that would otherwise be prohibited by this Section 6.8 to the extent that (A) such lease, if a Capital Lease, is permitted pursuant to Section 6.1(c), (B) the consideration received is at least equal to the fair market value of the property sold as determined in good faith by the Borrower's board of directors or a duly-appointed executive committee thereof, (C) such sale and leaseback transaction occurs within 90 days of (1) the acquisition or completion of construction, improvement or remodeling, as the case may be, of such property or asset by the Borrower or any of its Subsidiaries, or (2) the date a store begins operations on a Development Property; (D) the aggregate amount of assets sold pursuant to all sales and leasebacks (excluding the properties listed on Schedule 6.8-2 and properties acquired in Permitted Acquisitions that are made subject to sale leaseback transactions contemplated at the time of such Permitted Acquisitions with respect to such properties) made after the Closing Date shall not exceed $20,000,000 and (E) the Net Cash Proceeds derived from the sale and leaseback of such sold properties or assets owned by the Borrower and its Subsidiaries shall be applied in accordance with Section 2.8(b)(ii) and (iii) without limiting the foregoing terms of this Section 6.8, the Borrower and its Subsidiaries shall have the right to subject existing properties of the Borrower and its Subsidiaries or properties acquired in Permitted Acquisitions to Permitted Sale Leaseback Transactions in exchange for properties that are already subject to such Permitted Sale Leaseback Transactions in an aggregate amount not to exceed $10,000,000 in value for the exchanged properties during any Fiscal Year and $25,000,000 in value for the exchanged properties during the term of this Agreement.

 

Section 6.9 Sale or Discount of Receivables.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, any of its notes or accounts receivable.

 

Section 6.10 Transactions with Shareholders and Affiliates.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any holder of 5% or more of any class of Capital Stock of the Borrower or with any Affiliate of the Borrower or of any such holder (collectively "Related Persons") on terms that are less favorable to the Borrower or that Subsidiary, as the case may be, than those that might be obtained at the time in an arm's length

 

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transaction from Persons who are not Related Persons; provided that the foregoing restriction shall not apply to (a) any transaction between the Borrower and any of its wholly-owned Subsidiaries or between any of its wholly-owned Subsidiaries, (b) reasonable and customary fees paid to members of the board of directors of the Borrower, (c) compensation arrangements and benefit plans for officers and other employees of the Borrower and its Subsidiaries entered into or maintained or established in the ordinary course of business and in accordance with historic practices of the Borrower and its Subsidiaries, (d) any Investment made in accordance with Section 6.3 or (e) any payment of cash dividends or repurchase of Capital Stock of the Borrower to the extent permitted by Section 6.5.

 

Section 6.11 Disposal of Subsidiary Capital Stock; Formation of New Subsidiaries.

 

(a) Disposal of Subsidiary Capital Stock. Except for any sale of 100% of the Capital Stock of any of its Subsidiaries in compliance with the provisions of Section 6.7(c), the Borrower shall not:

 

(i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock of any of its Subsidiaries, except to qualify directors if required by applicable law; or

 

(ii) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock of any of its Subsidiaries (including such Subsidiary), except to the Borrower, another Subsidiary of the Borrower, or to qualify directors if required by applicable law.

 

(b) Formation of New Subsidiaries. The Borrower will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which are joined as Additional Credit Parties if required in accordance with the terms hereof.

 

Section 6.12 Conduct of Business.

 

From and after the Closing Date, the Borrower shall not, and shall not permit any of its Subsidiaries to, engage in any business other than the businesses engaged in by the Borrower and its Subsidiaries on the Closing Date and similar or related businesses. The fair market value of the consolidated assets utilized by the Borrower and its Subsidiaries in gaming activities and the revenue derived by the Borrower and its Subsidiaries from gaming activities shall not exceed an amount equal to 4% of the consolidated assets and 4% of the consolidated revenues, respectively, of the Borrower and its Subsidiaries.

 

Section 6.13 Restrictions on Certain Amendments; Senior Debt Status.

 

(a) Amendments or Waivers of Certain Related Agreements. Neither the Borrower nor any of its Subsidiaries will agree to any material amendment to, or waive any of its material rights under, any Related Agreement (other than any Related

 

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Agreement evidencing or governing any Subordinated Indebtedness) after the Closing Date without in each case obtaining the prior written consent of Required Lenders to such amendment or waiver.

 

(b) Amendments of Documents Relating to Subordinated Indebtedness. The Borrower shall not, and shall not permit any of its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Borrower or the Lenders.

 

(c) Designation of "Designated Senior Indebtedness". The Borrower shall not designate any Indebtedness as "Designated Senior Indebtedness" (as defined in the Senior Subordinated Note Indenture, the Senior Convertible Note Indenture or the indenture pursuant to which any Subordinated Indebtedness permitted under Section 6.1(f) is issued) for purposes of the Senior Subordinated Note Indenture, Senior Convertible Note Indenture or such other indenture without the prior written consent of Required Lenders.

 

(d) Amendments to Organizational Documents. The Borrower shall not, and shall not permit any of its Subsidiaries to, amend, modify or change its certificate of incorporation, certificate of designation (or corporate charter or other similar organizational document) operating agreement or bylaws (or other similar document) in any respect that is materially adverse to the interests of the Lenders.

 

Section 6.14 Fiscal Year; State of Organization; Accounting Practices.

 

No Credit Party shall (a) change its Fiscal Year-end from the last Thursday in September without the consent of the Administrative Agent, (b) change its state of incorporation or organization without the consent of the Administrative Agent or (c) change its accounting policies and practices (except in accordance with GAAP) in any manner adverse to the interests of the Lenders.

 

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Section 6.15 Management Fees.

 

The Borrower shall not, nor shall they permit any of its Subsidiaries, directly or indirectly, to pay any management, consulting or similar fees to any Affiliate or to any manager, director, officer or employee of the Borrower or any of its Subsidiaries.

 

Section 6.16 Letters of Credit.

 

The maximum amount of all letters of credit issued (including Letters of Credit issued hereunder) or bankers' acceptances facilities created for the account of the Borrower and its Subsidiaries and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), shall not exceed $180,000,000 in the aggregate at any one time.

 

Section 6.17 Maximum Consolidated Capital Expenditures.

 

The Borrower shall not, and shall not permit any of its Subsidiaries to, make Consolidated Capital Expenditures in any Fiscal Year in an aggregate amount in excess of (a) the greater of (i) $150,000,000 and (ii) 50% of the Borrower's Consolidated Pro Forma EBITDA for the immediately preceding Fiscal Year plus (b) up to 50% of the unused amount available for Consolidated Capital Expenditures under this Section for the immediately preceding Fiscal Year (excluding any carry forward available from any prior Fiscal Year); provided, that with respect to any Fiscal Year, Consolidated Capital Expenditures made during any such Fiscal Year shall be deemed to be made first with respect to the applicable limitation for such Fiscal Year under subsection (a)(i) or (a)(ii) above and then with respect to any carry forward amount under subsection (b) above to the extent applicable.

 

ARTICLE VII

 

EVENTS OF DEFAULT

 

Section 7.1 Events of Default.

 

An Event of Default shall exist upon the occurrence of any of the following specified events (each an "Event of Default"):

 

(a) Payment Default. (i) Failure by the Borrower to pay any installment of principal of any Loan when due, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; (ii) failure by the Borrower to pay when due any amount payable to the Issuing Lender in reimbursement of any drawing under a Letter of Credit (it being understood that the payment of such amount with the proceeds of Revolving Loans in accordance with Section 2.4(d) hereof shall not be a failure by the Borrower to pay when due such amount); or (iii) failure by the Borrower to pay any interest on any Loan or any fee or any other amount due under this Agreement within five days after the date due; or

 

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(b) Defaults in Other Agreements. (i) Failure of the Borrower or any of its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 7.1(a)) or Contingent Obligations with an aggregate principal amount of $20,000,000 or more, in each case beyond the end of any grace period provided therefor; or (ii) breach or default by the Borrower or any of its Subsidiaries with respect to any other material term of (A) one or more items of Indebtedness or Contingent Obligations in the aggregate principal amounts referred to in clause (i) above or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness or Contingent Obligation(s), if the effect of such breach or default is to cause, or to permit the holder or holders of such Indebtedness or Contingent Obligation(s) or the beneficiary or beneficiaries of such Indebtedness or Contingent Obligation(s) (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, that Indebtedness or Contingent Obligation(s) to become or be declared due and payable prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be (upon the giving or receiving of notice, lapse of time, both, or otherwise); or (iii) breach or default of any payment obligation under any Secured Hedging Agreement following any applicable grace period; or

 

(c) Breach of Certain Covenants. Failure of the Borrower to perform or comply with any term or condition contained in Sections 5.1(c), 5.1(h), 5.2, 5.12 or Article VI of this Agreement; provided that any breach by a Credit Party of the financial covenants in Section 6.6 shall only constitute an Event of Default with respect to the Revolving Facility and shall not constitute an Event of Default with respect to the Term Loan until the earlier of (i) the Required Revolving Lenders or the Administrative Agent on behalf of the Required Revolving Lenders exercise any remedy pursuant to the terms of Section 7.2 and/or the Revolving Commitments are terminated and the outstanding Revolving Loans and LOC Obligations are accelerated as a result of such breach in accordance with the terms of Section 7.2 or (ii) so long as such Event of Default has not been cured or waived by the Required Revolving Lenders, thirty (30) days after the date the delivery of the most recent covenant compliance certificate is required under Section 5.1(c); or

 

(d) Breach of Representation and Warranty. Any representation, warranty, certification or other statement made by the Borrower or any of its Subsidiaries in any Credit Document or in any statement or certificate at any time given by the Borrower or any of its Subsidiaries in writing pursuant hereto or thereto or in connection herewith or therewith shall be false or misleading in any material respect on the date as of which made or deemed made; or

 

(e) Other Defaults Under Credit Documents. Any Credit Party shall default in the performance of or compliance with any term contained in this Agreement or any of the other Credit Documents, other than any such term referred to in any other subsections of this Section, and such default shall not have been remedied or waived within 30 days after its occurrence; or

 

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(f) Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Borrower or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Borrower or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Borrower or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or (iii) there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of the Borrower or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Borrower or any of its Subsidiaries, and any such event described in clause (ii) or (iii) shall continue for 60 days unless dismissed, bonded or discharged; or

 

(g) Voluntary Bankruptcy; Appointment of Receiver, Etc. (i) The Borrower or any of its Subsidiaries shall have an order for relief entered with respect to it or commence a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or the Borrower or any of its Subsidiaries shall make any assignment for the benefit of creditors; or (ii) the Borrower or any of its Subsidiaries shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or (iii) the Board of Directors of the Borrower or any of its Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to in clauses (i) or (ii) above; or

 

(h) Judgments and Attachments. Any money judgment, writ or warrant of attachment or similar process involving in the aggregate at any time an amount in excess of $20,000,000 (except to the extent adequately covered by insurance as to which a solvent and unaffiliated insurance company has not denied coverage) shall be entered or filed against the Borrower or any of its Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of 90 days (or in any event later than five days prior to the date of any proposed sale thereunder); or

 

(i) Dissolution. Any order, judgment or decree shall be entered against the Borrower or any of its Subsidiaries decreeing the dissolution or split up of the Borrower or that Subsidiary and such order shall remain undischarged or unstayed for a period in excess of 30 days; or

 

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(j) Employee Benefit Plans. There shall occur one or more ERISA Events which individually or in the aggregate results in or might reasonably be expected to result in liability of the Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates in excess of $2,000,000 during the term of this Agreement; or there shall exist an amount of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), which exceeds $2,000,000; or

 

(k) Change of Control. There shall occur a Change of Control; or

 

(l) Invalidity of Guaranty; Failure of Security; Repudiation of Credit Party Obligations. At any time after the execution and delivery thereof, (i) the Guaranty for any reason, other than the satisfaction in full of all Credit Party Obligations, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void, (ii) any Security Document shall cease to be in full force and effect (other than by reason of a release of Collateral thereunder in accordance with the terms hereof or thereof, the satisfaction in full of the Credit Party Obligations or any other termination of such Security Document in accordance with the terms hereof or thereof) or shall be declared null and void, or the Administrative Agent shall not have or shall cease to have a valid and perfected First Priority Lien in any Collateral purported to be covered thereby, in each case for any reason other than the failure of the Administrative Agent or any Lender to take any action within its control, or (iii) any Credit Party shall contest the validity or enforceability of any Credit Document (or the priority or perfection of any Lien granted thereunder) in writing or deny in writing that it has any further liability, including with respect to future advances by the Lenders, under any Credit Document to which it is a party; or

 

(m) Seniority of Credit Party Obligations. Any default (which is not waived or cured within the applicable period of grace) or event of default shall occur under any of the Senior Subordinated Notes, Senior Subordinated Convertible Notes or any other Subordinated Indebtedness, or the subordination provisions contained therein shall cease to be in full force and effect or to give the Lenders the rights, powers and privileges purported to be created thereby, or the Credit Party Obligations shall fail to be deemed senior Indebtedness under the terms of the Senior Subordinated Notes, the Senior Subordinated Convertible Notes or any other Subordinated Indebtedness; or

 

(n) Uninsured Loss. Any uninsured damage to or loss, theft or destruction of any assets of the Credit Parties or any of their Subsidiaries (except to the extent adequately covered by insurance as to which a solvent and unaffiliated insurance company has not denied coverage) shall occur that is in excess of $10,000,000.

 

Section 7.2 Acceleration; Remedies.

 

Upon the occurrence and during the continuance of an Event of Default, then, and in any such event:

 

(a) if such event is an Event of Default specified in Section 7.1(f) or (g) above, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon), and all other amounts under the Credit Documents (including without limitation the maximum amount of all contingent liabilities under Letters of Credit) shall immediately become due and payable;

 

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(b) if such event is an Event of Default specified in Section 7.1 that only applies to the Revolving Facility in accordance with the terms thereof, any or all of the following actions may be taken:

 

(i) with the written consent of the Required Revolving Lenders, the Administrative Agent may, or upon the written request of the Required Revolving Lenders, the Administrative Agent shall, by written notice to the Borrower, declare the Revolving Commitments to be terminated forthwith, whereupon the Revolving Commitments shall immediately terminate;

 

(ii) the Administrative Agent may, or upon the written request of the Required Revolving Lenders, the Administrative Agent shall, by written notice to the Borrower, declare the Revolving Loans, Swingline Loans and LOC Obligations (with accrued interest on any of the foregoing) and all other amounts owing under this Credit Agreement and the Revolving Notes with respect to the Revolving Facility to be due and payable forthwith and direct the Borrower to pay to the Administrative Agent cash collateral as security for the LOC Obligations for subsequent drawings under then outstanding Letters of Credit an amount equal to the maximum amount of which may be drawn under Letters of Credit then outstanding, whereupon the same shall immediately become due and payable; and/or

 

(iii) with the written consent of the Required Revolving Lenders, the Administrative Agent may, or upon the written request of the Required Revolving Lenders, the Administrative Agent shall, exercise such other rights and remedies with respect to the Revolving Facility as provided under the Credit Documents and under applicable law;

 

provided that if the Administrative Agent exercises any remedy pursuant to this subsection (b), (A) prior to the Delayed Draw Commitment Termination Date, (y) the Required Initial Term Loan Lenders shall have the right to direct in writing the Administrative Agent to exercise any such remedy with respect to the Initial Term Loan and (z) the Required Delayed Draw Term Loan Lenders shall have the right to direct in writing the Administrative Agent to exercise any such remedy with respect to the Delayed Draw Term Loan Commitment and Delayed Draw Term Loan or (B) after the Delayed Draw Commitment Termination Date, the Required Term Loan Lenders shall have the right to direct in writing the Administrative Agent to exercise any such remedy with respect to the Term Loan; and

 

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(c) if such event is any other Event of Default (including, without limitation, any Event of Default under Section 7.1 that applies to the Revolving Facility and the Term Loan), any or all of the following actions may be taken:

 

(i) the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, by written notice to the Borrower, declare the Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate;

 

(ii) the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, by written notice to the Borrower, declare the Loans (with accrued interest thereon) and all other amounts owing under this Credit Agreement and the Notes to be due and payable forthwith and direct the Borrower to pay to the Administrative Agent cash collateral as security for the LOC Obligations for subsequent drawings under then outstanding Letters of Credit an amount equal to the maximum amount of which may be drawn under Letters of Credit then outstanding, whereupon the same shall immediately become due and payable; and/or

 

(iii) the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, exercise such other rights and remedies as provided under the Credit Documents and under applicable law.

 

ARTICLE VIII

 

THE AGENT

 

Section 8.1 Appointment and Authority.

 

Each of the Lenders and the Issuing Lender hereby irrevocably appoints Wachovia to act on its behalf as the Administrative Agent hereunder and under the other Credit Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lender, and neither the Borrower nor any other Credit Party shall have rights as a third party beneficiary of any of such provisions.

 

Section 8.2 Nature of Duties.

 

Anything herein to the contrary notwithstanding, none of the joint lead bookrunners, Arrangers or other agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the Issuing Lender hereunder. Without limiting the foregoing, none of the Lenders or other Persons so identified shall have or

 

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be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or in taking or not taking action hereunder.

 

The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Credit Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.

 

Section 8.3 Exculpatory Provisions.

 

The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Credit Documents. Without limiting the generality of the foregoing, the Administrative Agent:

 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

 

(b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Credit Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Credit Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Credit Document or applicable law; and

 

(c) shall not, except as expressly set forth herein and in the other Credit Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

 

The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 9.1 and 7.2) or (ii) in the absence of its own gross negligence or willful misconduct.

 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Credit Document, (ii) the contents of any certificate, report or other

 

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document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Credit Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

 

Section 8.4 Reliance by Administrative Agent.

 

The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender or the Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or the Issuing Lender prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower; provided that no attorney-client relationship will arise or be deemed to exist based on any such consultation), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

Section 8.5 Notice of Default.

 

The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received written notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a "notice of default". In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders; provided, however, that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders except to the extent that this Agreement expressly requires that such action be taken, or not taken, only with the consent or upon the authorization of the Required Lenders, or all of the Lenders, as the case may be.

 

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Section 8.6 Non-Reliance on Administrative Agent and Other Lenders.

 

Each Lender and the Issuing Lender expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representation or warranty to it and that no act by the Administrative Agent hereinafter taken, including any review of the affairs of any Credit Party, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender and the Issuing Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the Issuing Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Credit Document or any related agreement or any document furnished hereunder or thereunder.

 

Section 8.7 Indemnification.

 

The Lenders agree to indemnify the Administrative Agent, the Issuing Lender, and the Swingline Lender in its capacity hereunder and their Affiliates and their respective officers, directors, agents and employees (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to their respective Commitment Percentages in effect on the date on which indemnification is sought under this Section, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including, without limitation, at any time following the payment of the Credit Party Obligations) be imposed on, incurred by or asserted against any such indemnitee in any way relating to or arising out of any Credit Document or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by any such indemnitee under or in connection with any of the foregoing; provided, however, that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent resulting from such indemnitee's gross negligence or willful misconduct, as determined by a court of competent jurisdiction. The agreements in this Section shall survive the termination of this Agreement and payment of the Notes, any Reimbursement Obligation and all other amounts payable hereunder.

 

Section 8.8 Administrative Agent in Its Individual Capacity.

 

The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term "Lender" or "Lenders" shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory

 

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capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

 

Section 8.9 Successor Administrative Agent.

 

The Administrative Agent may at any time give written notice of its resignation to the Lenders, the Issuing Lender and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right to appoint a successor, which may be an Affiliate of any such bank and so long as there is no Default or Event of Default, such successor agent shall be approved by the Borrower with such approval not to be unreasonably withheld. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the Issuing Lender, appoint a successor Administrative Agent meeting the qualifications set forth above provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Credit Documents (except that in the case of any Collateral held by the Administrative Agent on behalf of the Lenders or the Issuing Lender under any of the Credit Documents, the retiring Administrative Agent shall continue to hold such Collateral until such time as a successor Administrative Agent is appointed) and (b) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the Issuing Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this paragraph. Upon the acceptance of a successor's appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided above in this paragraph). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent's resignation hereunder and under the other Credit Documents, the provisions of this Article and Section 9.5 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent.

 

Section 8.10 Collateral and Guaranty Matters.

 

(a) The Lenders irrevocably authorize and direct the Administrative Agent:

 

(i) to release any Lien on any Collateral granted to or held by the Administrative Agent under any Credit Document (A) upon termination of the Commitments and payment in full of all Credit Party Obligations (other than

 

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contingent indemnification obligations) and the expiration or termination of all Letters of Credit, (B) that is transferred or to be transferred as part of or in connection with any sale or other disposition permitted under Section 6.7, or (C) subject to Section 9.1, if approved, authorized or ratified in writing by the Required Lenders;

 

(ii) to subordinate any Lien on any Collateral granted to or held by the Administrative Agent under any Credit Document to the holder of any Lien on such property that is permitted by Section 6.2; and

 

(iii) to release any Guarantor from its obligations under the applicable Guaranty if such Person ceases to be a Guarantor as a result of a transaction permitted hereunder.

 

(b) In connection with a termination or release pursuant to this Section, the Administrative Agent shall promptly execute and deliver to the applicable Credit Party, at the Borrower's expense, all documents that the applicable Credit Party shall reasonably request to evidence such termination or release. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent's authority to release or subordinate its interest in particular types or items of Collateral, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section.

 

ARTICLE IX

 

MISCELLANEOUS

 

Section 9.1 Amendments, Waivers and Release of Collateral.

 

Neither this Credit Agreement, nor any of the Notes, nor any of the other Credit Documents, nor any terms hereof or thereof may be amended, supplemented, waived or modified except in accordance with the provisions of this Section nor may the Collateral be released except as specifically provided herein or in the Security Documents or in accordance with the provisions of this Section. The Required Lenders may, or, with the written consent of the Required Lenders, the Administrative Agent may, from time to time, (a) enter into with the Borrower written amendments, supplements or modifications hereto and to the other Credit Documents for the purpose of adding any provisions to this Credit Agreement or the other Credit Documents or changing in any manner the rights of the Lenders or of the Borrower hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders may specify in such instrument, any of the requirements of this Credit Agreement or the other Credit Documents or any Default or Event of Default and its consequences; provided, however, that no such waiver and no such amendment, waiver, supplement, modification or release shall:

 

(i) without the written consent of each Lender directly affected thereby: (A) reduce or forgive the principal amount, or extend the scheduled date

 

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of payment or maturity, of any Loan or Note or any installment thereon; or (B) reduce the stated rate of or forgive any interest or fee payable hereunder (other than interest at the increased post-default rate) or extend or waive the scheduled date of any payment of interest or fee; or (C) provide for Interest Periods greater than six months; or (D) increase the amount or extend the expiration date of any Lender's Commitment; provided that it is understood and agreed that (1) no waiver, reduction or deferral of a mandatory prepayment required pursuant to Section 2.8(b), nor any amendment of Section 2.8(b) or the definitions of Asset Disposition, Debt Issuance, Excess Cash Flow or Recovery Event, shall constitute a reduction or forgiveness of the amount of, or an extension of the scheduled date or maturity of, or any Loan or Note or any installment thereon, (2) any reduction in the stated rate of interest on Revolving Loans shall only require the written consent of each Lender holding a Revolving Commitment and (3) any reduction in the stated rate of interest on the Term Loan shall only require the written consent of each Lender holding a portion of the outstanding Term Loan, or

 

(ii) amend, modify or waive any provision of this Section or change the percentage specified in the definition of Required Lenders without the written consent of each Lender directly affected thereby, or

 

(iii) amend, modify or waive any provision of Section 2.13(a) or any other term with respect to the priority of any Loan or the pro rata treatment of payments without the written consent of each Lender directly affected thereby, or

 

(iv) amend, modify or waive the order in which Credit Party Obligations are paid in Section 2.8(b) or Section 2.13(b) without the written consent of each Lender and each Hedging Agreement Provider directly affected thereby, or

 

(v) except as otherwise permitted by this Agreement, release all or substantially all of the Guarantors from their obligations under the Guaranty without the written consent of all of the Lenders, or

 

(vi) release all or substantially all of the Collateral without the written consent of all of the Lenders, or

 

(vii) amend, modify or waive any provision of the Credit Documents requiring consent, approval or request of the Required Lenders or all Lenders, without the written consent of all of the Required Lenders or the Lenders as appropriate, or

 

(viii) amend, modify or waive any provision of the Credit Documents affecting the rights or duties of the Administrative Agent (including Article VIII), the Issuing Lender or the Swingline Lender without the written consent of the Administrative Agent, the Issuing Lender or the Swingline Lender, as applicable, in addition to the Lenders required herein to take such action, or

 

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(ix) without the consent of the Required Revolving Lenders or the Required Delayed Draw Term Loan Lenders, as applicable, amend, modify or waive any provision in Section 2.3 or 4.2 or waive any Default or Event of Default (or amend any Credit Document to effectively waive any existing Default or Event of Default) if the effect of such amendment, modification or waiver is that the Revolving Lenders or the Delayed Draw Term Loan Lenders, as applicable, shall be required to fund Revolving Loans or Delayed Draw Term Loans, as applicable, when such Revolving Lenders or Delayed Draw Term Loan Lenders would otherwise not be required to so fund pursuant to the terms of Section 2.3 and 4.2, or

 

(x) amend or modify the definition of Credit Party Obligations to delete or exclude any obligation or liability described therein without the written consent of each Lender directly affected thereby, or

 

(xi) amend the definitions of "Hedging Agreement," "Secured Hedging Agreement," or "Hedging Agreement Provider" without the consent of any Hedging Agreement Provider that would be adversely affected thereby.

 

Any such waiver, any such amendment, supplement or modification and any such release shall apply equally to each of the Lenders and shall be binding upon the Borrower, the other Credit Parties, the Lenders, the Issuing Lender, the Administrative Agent and all future holders of the Notes. In the case of any waiver, the Borrower, the other Credit Parties, the Lenders, the Issuing Lender and the Administrative Agent shall be restored to their former position and rights hereunder and under the outstanding Loans and Notes and other Credit Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

 

Notwithstanding the foregoing, any amendment, waiver or other modification to the financial covenants set forth in Section 6.6 or any component definition of such financial covenants shall only require the consent of the Required Revolving Lenders; provided that any amendment, waiver or other modification to a component definition of the financial covenants in Section 6.6 shall only apply to the computation of such financial covenants.

 

Notwithstanding any of the foregoing to the contrary, the consent of the Borrower shall not be required for any amendment, modification or waiver of the provisions of Article VIII (other than the provisions of Section 8.9 and Section 8.10); provided, however, that the Administrative Agent will provide written notice to the Borrower of any such amendment, modification or waiver. In addition, the Borrower and the Lenders hereby authorize the Administrative Agent to modify this Credit Agreement by unilaterally amending or supplementing Section 9.2 from time to time in the manner requested by the Borrower, the Administrative Agent or any Lender in order to reflect any assignments or transfers of the Loans as provided for hereunder; provided, however, that the Administrative Agent shall promptly deliver a copy of any such modification to the Borrower and each Lender.

 

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Notwithstanding the fact that the consent of all Lenders is required in certain circumstances as set forth above, (x) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth herein and (y) the Required Lenders may consent to allow a Credit Party to use Cash collateral in the context of a bankruptcy or insolvency proceeding.

 

Section 9.2 Notices.

 

Except as otherwise provided in Article II, all notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made (a) when delivered by hand, (b) when transmitted via telecopy (or other facsimile device) to the number set out herein, (c) the next Business Day following the day on which the same has been delivered prepaid to a reputable national overnight air courier service, or (d) the third Business Day following the day on which the same is sent by certified or registered mail, postage prepaid, in each case, addressed as follows in the case of the Borrower, the other Credit Parties and the Administrative Agent, and at the addresses provided to the Borrower in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto and any future holders of the Notes:

 

	  	  	  	  	  
	
The Borrower and the

other Credit Parties:

	
  

	
The Pantry, Inc.

1801 Douglas Drive

	  	
  

	
Sanford, North Carolina 27330

	  	
  

	
Attention:

	  	
Chief Financial Officer

	  	
  

	
Telecopier:

	  	
(919) 774-3329

	  	
  

	
Telephone:

	  	
(919) 774-6700

	  	  
	
Administrative Agent:

	
  

	
Wachovia Bank, National Association, as Administrative Agent

Charlotte Plaza

	  	
  

	
201 South College Street, CP8

	  	
  

	
Charlotte, North Carolina 28288-0680

	  	
  

	
Attention:

	  	
Syndication Agency Services

	  	
  

	
Telecopier:

	  	
(704) 383-0288

	  	
  

	
Telephone:

	  	
(704) 374-2698

	  	  	  
	  	
  

	
with a copy to:

	  	  
	  	  
	  	
  

	
Wachovia Bank, National Association

	  	
  

	
One Wachovia Center, TW-5

	  	
  

	
Charlotte, North Carolina 28288-0760

	  	
  

	
Attention:

	  	
Michael Jordan

	  	
  

	
Telecopier:

	  	
(704) 383-6647

	  	
  

	
Telephone:

	  	
(704) 383-8155

 

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Section 9.3 No Waiver; Cumulative Remedies.

 

No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 

Section 9.4 Survival of Representations and Warranties.

 

All representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Credit Agreement and the Notes and the making of the Loans, provided that all such representations and warranties shall terminate on the date upon which the Commitments have been terminated and all amounts owing hereunder and under any Notes have been paid in full.

 

Section 9.5 Payment of Expenses and Taxes; Indemnity.

 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Agents, the Arrangers and their respective Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent) in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Credit Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing Lender and the Swingline Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or Swingline Loan or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by any Agent, any Arranger, any Lender, the Issuing Lender or the Swingline Lender (including the reasonable fees, charges and disbursements of any counsel for the any Agent, any Arranger, any Lender, the Issuing Lender or the Swingline Lender) in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Credit Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit; provided, except to the extent a conflict of interest exists that requires separate legal counsel, the Borrower shall be obligated to pay the reasonable fees and out-of-pocket expenses of only one counsel for the Lenders (other than counsel to the Arrangers, the Agents, the Issuing Lender and the Swingline Lender) in connection with the enforcement or protection of their rights.

 

(b) Indemnification by the Borrower. The Borrower shall indemnify each Agent (and any sub-agent thereof), each Arranger, each Lender, the Issuing Lender and

 

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the Swingline Lender, and each Related Party of any of the foregoing Persons (each such Person being called an "Indemnitee") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any liability under Environmental Law related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Credit Party, and regardless of whether any Indemnitee is a party thereto, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (B) result from a claim brought by the Borrower or any other Credit Party against an Indemnitee for breach in bad faith of such Indemnitee's obligations hereunder or under any other Credit Document, if the Borrower or such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction.

 

(c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuing Lender, Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender, Swingline Lender or such Related Party, as the case may be, such Lender's Commitment Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), Swingline Lender or the Issuing Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), Swingline Lender or Issuing Lender in connection with such capacity.

 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any

 

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Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Credit Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the unauthorized use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby.

 

(e) Payments. All amounts due under this Section shall be payable promptly/not later than five (5) Business Days after demand therefor.

 

Section 9.6 Successors and Assigns; Participations.

 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:

 

(i) Minimum Amounts.

 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender's Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

 

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(B) in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if "Trade Date" is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $1,000,000, in the case of any assignment in respect of a revolving facility, or $1,000,000, in the case of any assignment in respect of a term facility, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, that Commitments and outstanding Loans of related Approved Funds shall be aggregated for purposes of determining compliance with such minimum assignment amounts.

 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender's rights and obligations under this Agreement with respect to the Loan or the Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Tranches on a non-pro rata basis.

 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and, in addition:

 

(A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;

 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of (i) a Revolving Commitment if such assignment is to a Person that is not a Lender with a Commitment in respect of such facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (ii) a Term Loan Commitment to a Person who is not a Lender, an Affiliate of a Lender or an Approved Fund; and

 

(C) the consent of the Issuing Lender (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of a Revolving Commitment if such assignment is to a Person that is not a Lender with a Commitment in respect of such facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender.

 

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(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; provided that no more than one such fee shall be payable in connection with simultaneous assignments to or by two or more Approved Funds.

 

(v) No Assignment to Borrower. No such assignment shall be made to the Borrower or any of the Borrower's Affiliates or Subsidiaries.

 

(vi) No Assignment to Natural Persons. No such assignment shall be made to a natural person.

 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.16 and 9.5 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (d) of this Section.

 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in Charlotte, North Carolina a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the "Register"). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person

 

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(other than a natural person or the Borrower or any of the Borrower's Affiliates or Subsidiaries) (each, a "Participant") in all or a portion of such Lender's rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender's obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the Lenders, Issuing Lender and Swingline Lender shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement.

 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that affects such Participant. Subject to paragraph (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.16 and 2.18 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.7 as though it were a Lender, provided such Participant agrees to be subject to Section 2.13 as though it were a Lender.

 

(e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections 2.16 and 2.19 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower's prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.19 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.19 as though it were a Lender.

 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

Section 9.7 Right of Set-off; Sharing of Payments.

 

(a) If an Event of Default shall have occurred and be continuing, each Lender, the Issuing Lender, and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any

 

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time owing by such Lender, the Issuing Lender or any such Affiliate to or for the credit or the account of the Borrower or any other Credit Party against any and all of the obligations of the Borrower or such Credit Party now or hereafter existing under this Agreement or any other Credit Document to such Lender or the Issuing Lender, irrespective of whether or not such Lender or the Issuing Lender shall have made any demand under this Agreement or any other Credit Document and although such obligations of the Borrower or such Credit Party may be contingent or unmatured or are owed to a branch or office of such Lender or the Issuing Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender, the Issuing Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the Issuing Lender or their respective Affiliates may have. Each Lender and the Issuing Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.

 

(b) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or other obligations hereunder resulting in such Lender's receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (i) notify the Administrative Agent of such fact, and (ii) purchase (for cash at face value) participations in the Loans and such other obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that:

 

(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

 

(ii) the provisions of this paragraph shall not be construed to apply to (A) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in Letters of Credit to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this paragraph shall apply).

 

(c) Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against each Credit Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of each Credit Party in the amount of such participation.

 

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Section 9.8 Table of Contents and Section Headings.

 

The table of contents and the Section and subsection headings herein are intended for convenience only and shall be ignored in construing this Credit Agreement.

 

Section 9.9 Counterparts.

 

This Credit Agreement may be executed by one or more of the parties to this Credit Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Credit Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent.

 

Section 9.10 Effectiveness.

 

This Credit Agreement shall become effective on the date on which all of the parties hereto have signed a copy hereof (whether the same or different copies) and shall have delivered the same to the Administrative Agent pursuant to Section 9.2 or, in the case of the Lenders, shall have given to the Administrative Agent written, telecopied or telex notice (actually received) at such office that the same has been signed and mailed to it. Upon this Credit Agreement becoming effective, the Existing Credit Agreement shall be deemed amended and restated by this Credit Agreement and all obligations of the lenders under the Existing Credit Agreement to make extensions of credit thereunder shall terminate. This Credit Agreement shall not constitute a novation of the Existing Credit Agreement or the obligations of the Credit Parties thereunder.

 

Section 9.11 Severability.

 

Any provision of this Credit Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

Section 9.12 Integration.

 

This Credit Agreement and the Notes represent the agreement of the Borrower, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent, the Borrower or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the Notes.

 

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Section 9.13 Governing Law.

 

This Credit Agreement and the Notes and the rights and obligations of the parties under this Credit Agreement and the Notes shall be governed by, and construed and interpreted in accordance with, the law of the State of New York.

 

Section 9.14 Consent to Jurisdiction and Service of Process.

 

All judicial proceedings brought against the Borrower and/or any other Credit Party with respect to this Credit Agreement, any Note or any of the other Credit Documents may be brought in any state or federal court of competent jurisdiction in the State of New York, and, by execution and delivery of this Credit Agreement, each of the Borrower and the other Credit Parties accepts, for itself and in connection with its properties, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts and irrevocably agrees to be bound by any final judgment rendered thereby in connection with this Credit Agreement from which no appeal has been taken or is available. Each of the Borrower and the other Credit Parties irrevocably agrees that all service of process in any such proceedings in any such court may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to it at its address set forth in Section 9.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto, such service being hereby acknowledged by the Borrower and the other Credit Parties to be effective and binding service in every respect. Each of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders irrevocably waives any objection, including, without limitation, any objection to the laying of venue or based on the grounds of forum non conveniens which it may now or hereafter have to the bringing of any such action or proceeding in any such jurisdiction. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of the Administrative Agent or any Lender to bring proceedings against the Borrower or the other Credit Parties in the court of any other jurisdiction.

 

Section 9.15 Confidentiality.

 

(a) Each of the Administrative Agent, the Lenders and the Issuing Lender agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to (i) its Affiliates and to its and its Affiliates' respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and will agree to keep such Information confidential, which agreement may be in the form of an electronic acknowledgement) and (ii) its Funds and to its and its Funds' respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e)

 

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in connection with the exercise of any remedies hereunder, under any other Credit Document or Secured Hedging Agreement or any action or proceeding relating to this Agreement, any other Credit Document or Secured Hedging Agreement or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (g) (i) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (ii) an investor or prospective investor in securities issued by an Approved Fund that also agrees that Information shall be used solely for the purpose of evaluating an investment in such securities issued by the Approved Fund, (iii) a trustee, collateral manager, servicer, backup servicer, noteholder or secured party in connection with the administration, servicing and reporting on the assets serving as collateral for securities issued by an Approved Fund, or (iv) a nationally recognized rating agency that requires access to information regarding the Credit Parties, the Loans and Credit Documents in connection with ratings issued in respect of securities issued by an Approved Fund (in each case, it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential), (h) with the consent of the Borrower or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender, the Issuing Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower.

 

For purposes of this Section, "Information" means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the Issuing Lender on a nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries, provided that, in the case of information received from the Borrower or any of its Subsidiaries after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

 

(b) Borrower will cooperate with the Administrative Agent in connection with the publication of certain materials and/or information provided by or on behalf of the Borrower to the Administrative Agent and Lenders (collectively, "Information Materials") pursuant to this Article IX and will designate Information Materials (A) that are either available to the public or not material with respect to the Borrower and its Subsidiaries or any of their respective securities for purposes of United States federal and state securities laws, as "Public Information" and (B) that are not Public Information as "Private Information".

 

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Section 9.16 Acknowledgments.

 

The Borrower and the other Credit Parties each hereby acknowledges that:

 

(a) it has been advised by counsel in the negotiation, execution and delivery of each Credit Document;

 

(b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Borrower or any other Credit Party arising out of or in connection with this Credit Agreement and the relationship between the Administrative Agent and the Lenders, on one hand, and the Borrower and the other Credit Parties, on the other hand, in connection herewith is solely that of debtor and creditor; and

 

(c) no joint venture exists among the Lenders or among the Borrower or the other Credit Parties and the Lenders.

 

Section 9.17 Waivers of Jury Trial.

 

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

Section 9.18 USA Patriot Act Notice.

 

Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the Patriot Act it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act.

 

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ARTICLE X

 

GUARANTY

 

Section 10.1 The Guaranty.

 

In order to induce the Lenders to enter into this Agreement and any Hedging Agreement Provider to enter into any Secured Hedging Agreement and to extend credit hereunder and thereunder and in recognition of the direct benefits to be received by the Guarantors from the Extensions of Credit hereunder and any Secured Hedging Agreement, each of the Guarantors hereby agrees with the Administrative Agent, the Lenders and the Hedging Agreement Providers as follows: each Guarantor hereby unconditionally and irrevocably jointly and severally guarantees as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, by acceleration or otherwise, of any and all Credit Party Obligations. If any or all of the indebtedness becomes due and payable hereunder or under any Secured Hedging Agreement, each Guarantor unconditionally promises to pay such indebtedness to the Administrative Agent, the Lenders, the Hedging Agreement Providers, or their respective order, or demand, together with any and all reasonable expenses which may be incurred by the Administrative Agent or the Lenders in collecting any of the Credit Party Obligations. The Guaranty set forth in this Article X is a guaranty of timely payment and not of collection. The word "indebtedness" is used in this Article X in its most comprehensive sense and includes any and all advances, debts, obligations and liabilities of the Borrower, including specifically all Credit Party Obligations, arising in connection with this Agreement, the other Credit Documents or any Secured Hedging Agreement, in each case, heretofore, now, or hereafter made, incurred or created, whether voluntarily or involuntarily, absolute or contingent, liquidated or unliquidated, determined or undetermined, whether or not such indebtedness is from time to time reduced, or extinguished and thereafter increased or incurred, whether the Borrower may be liable individually or jointly with others, whether or not recovery upon such indebtedness may be or hereafter become barred by any statute of limitations, and whether or not such indebtedness may be or hereafter become otherwise unenforceable.

 

Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of each such Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code).

 

Section 10.2 Bankruptcy.

 

Additionally, each of the Guarantors unconditionally and irrevocably guarantees jointly and severally the payment of any and all Credit Party Obligations of the Borrower to the Lenders and any Hedging Agreement Provider whether or not due or payable by the Borrower upon the occurrence of any of the events specified in Section 7.1(f) or Section 7.1(g) and unconditionally promises to pay such Credit Party Obligations to the Administrative Agent for the account of the Lenders and to any such Hedging Agreement Provider, or order, on demand, in lawful money of

 

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the United States. Each of the Guarantors further agrees that to the extent that the Borrower or a Guarantor shall make a payment or a transfer of an interest in any property to the Administrative Agent, any Lender or any Hedging Agreement Provider, which payment or transfer or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, or otherwise is avoided, and/or required to be repaid to the Borrower or a Guarantor, the estate of the Borrower or a Guarantor, a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then to the extent of such avoidance or repayment, the obligation or part thereof intended to be satisfied shall be revived and continued in full force and effect as if said payment had not been made.

 

Section 10.3 Nature of Liability.

 

The liability of each Guarantor hereunder is exclusive and independent of any security for or other guaranty of the Credit Party Obligations of the Borrower whether executed by any such Guarantor, any other guarantor or by any other party, and no Guarantor's liability hereunder shall be affected or impaired by (a) any direction as to application of payment by the Borrower or by any other party, or (b) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party as to the Credit Party Obligations of the Borrower, or (c) any payment on or in reduction of any such other guaranty or undertaking, or (d) any dissolution, termination or increase, decrease or change in personnel by the Borrower, or (e) any payment made to the Administrative Agent, the Lenders or any Hedging Agreement Provider on the Credit Party Obligations which the Administrative Agent, such Lenders or such Hedging Agreement Provider repay the Borrower pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and each of the Guarantors waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding.

 

Section 10.4 Independent Obligation.

 

The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought against any other Guarantor or the Borrower and whether or not any other Guarantor or the Borrower is joined in any such action or actions.

 

Section 10.5 Authorization.

 

Each of the Guarantors authorizes the Administrative Agent, each Lender and each Hedging Agreement Provider without notice or demand (except as shall be required by applicable statute and cannot be waived), and without affecting or impairing its liability hereunder, from time to time to (a) renew, compromise, extend, increase, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Credit Party Obligations or any part thereof in accordance with this Agreement and any Secured Hedging Agreement, as applicable, including any increase or decrease of the rate of interest thereon, (b) take and hold security from any Guarantor or any other party for the payment of this Guaranty or the Credit Party Obligations and exchange, enforce waive and release any such security, (c) apply such

 

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security and direct the order or manner of sale thereof as the Administrative Agent and the Lenders in their discretion may determine, (d) release or substitute any one or more endorsers, Guarantors, the Borrower or other obligors and (e) to the extent otherwise permitted herein, release or substitute any Collateral.

 

Section 10.6 Reliance.

 

It is not necessary for the Administrative Agent, the Lenders or any Hedging Agreement Provider to inquire into the capacity or powers of the Borrower or the officers, directors, members, partners or agents acting or purporting to act on its behalf, and any Credit Party Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.

 

Section 10.7 Waiver.

 

(a) Each of the Guarantors waives any right (except as shall be required by applicable statute and cannot be waived) to require the Administrative Agent, any Lender or any Hedging Agreement Provider to (i) proceed against the Borrower, any other guarantor or any other party, (ii) proceed against or exhaust any security held from the Borrower, any other guarantor or any other party, or (iii) pursue any other remedy in the Administrative Agent's, any Lender's or any Hedging Agreement Provider's power whatsoever. Each of the Guarantors waives any defense based on or arising out of any defense of the Borrower, any other guarantor or any other party other than payment in full of the Credit Party Obligations (other than contingent indemnity obligations), including without limitation any defense based on or arising out of the disability of the Borrower, any other guarantor or any other party, or the unenforceability of the Credit Party Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower other than payment in full of the Credit Party Obligations. The Administrative Agent may, at its election, foreclose on any security held by the Administrative Agent or a Lender by one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent such sale is permitted by applicable law), or exercise any other right or remedy the Administrative Agent or any Lender may have against the Borrower or any other party, or any security, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Credit Party Obligations have been paid in full and the Commitments have been terminated. Each of the Guarantors waives any defense arising out of any such election by the Administrative Agent or any of the Lenders, even though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of the Guarantors against the Borrower or any other party or any security.

 

(b) Each of the Guarantors waives all presentments, demands for performance, protests and notices, including without limitation notices of nonperformance, notice of protest, notices of dishonor, notices of acceptance of this Guaranty, and notices of the existence, creation or incurring of new or additional Credit Party Obligations. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower's financial condition and assets, and of all other circumstances

 

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bearing upon the risk of nonpayment of the Credit Party Obligations and the nature, scope and extent of the risks which such Guarantor assumes and incurs hereunder, and agrees that neither the Administrative Agent nor any Lender shall have any duty to advise such Guarantor of information known to it regarding such circumstances or risks.

 

(c) Each of the Guarantors hereby agrees it will not exercise any rights of subrogation which it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section 509 of the U.S. Bankruptcy Code, or otherwise) to the claims of the Lenders or any Hedging Agreement Provider against the Borrower or any other guarantor of the Credit Party Obligations of the Borrower owing to the Lenders or such Hedging Agreement Provider (collectively, the "Other Parties") and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from any Other Party which it may at any time otherwise have as a result of this Guaranty until such time as the Credit Party Obligations shall have been paid in full and the Commitments have been terminated. Each of the Guarantors hereby further agrees not to exercise any right to enforce any other remedy which the Administrative Agent, the Lenders or any Hedging Agreement Provider now have or may hereafter have against any Other Party, any endorser or any other guarantor of all or any part of the Credit Party Obligations of the Borrower and any benefit of, and any right to participate in, any security or collateral given to or for the benefit of the Lenders and/or the Hedging Agreement Providers to secure payment of the Credit Party Obligations of the Borrower until such time as the Credit Party Obligations (other than contingent indemnity obligations) shall have been paid in full and the Commitments have been terminated.

 

Section 10.8 Limitation on Enforcement.

 

The Lenders and the Hedging Agreement Providers agree that this Guaranty may be enforced only by the action of the Administrative Agent acting upon the instructions of the Required Lenders or such Hedging Agreement Provider (only with respect to obligations under the applicable Secured Hedging Agreement) and that no Lender or Hedging Agreement Provider shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent for the benefit of the Lenders under the terms of this Agreement and for the benefit of any Hedging Agreement Provider under any Secured Hedging Agreement. The Lenders and the Hedging Agreement Providers further agree that this Guaranty may not be enforced against any director, officer, employee or stockholder of the Guarantors.

 

Section 10.9 Confirmation of Payment.

 

The Administrative Agent and the Lenders will, upon request after payment of the Credit Party Obligations which are the subject of this Guaranty and termination of the Commitments relating thereto, confirm to the Borrower, the Guarantors or any other Person that such indebtedness and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 10.2.

 

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Section 10.10 Release of Guarantor.

 

A Guarantor shall be released from all of its obligations under this Guaranty at any time (i) such Guarantor sells all of its assets and ceases to exist or merges with or into the Borrower or any other wholly-owned Guarantor, in any case on terms permitted by this Agreement, (ii) the Borrower sells all of the Capital Stock of such Guarantor to a Person that is not a Credit Party, or (iii) such Guarantor ceases to hold assets in excess of $1,000,000 or to have annualized revenues in excess of $1,000,000, in each case in a transaction in permitted by the terms of this Agreement; provided that at any one time the value of assets and annualized revenues of all Domestic Subsidiaries of the Borrower that are not Credit Parties shall not exceed $5,000,000 in the aggregate.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Credit Agreement to be duly executed and delivered by its proper and duly authorized officers as of the day and year first above written.

 

	  	  	  	  	  
	
BORROWER:

	  	
THE PANTRY, INC.,

a Delaware corporation

	  	  	  
	  	  	
By:

	  	

/s/ Daniel J. Kelly

	  	  	
Name:

	  	
Daniel J. Kelly

	  	  	
Title:

	  	
Chief Financial Officer, Vice President – Finance and Secretary

	  	  
	
GUARANTORS:

	  	
R. & H. MAXXON, INC.,

a South Carolina corporation

	  	  	  
	  	  	
By:

	  	

/s/ Daniel J. Kelly

	  	  	
Name:

	  	
Daniel J. Kelly

	  	  	
Title:

	  	
Executive Vice President and Assistant

	  	  	  	  	
Secretary

	  	  
	  	  	
KANGAROO, INC.,

a Georgia corporation

	  	  	  
	  	  	
By:

	  	

/s/ Daniel J. Kelly

	  	  	
Name:

	  	
Daniel J. Kelly

	  	  	
Title:

	  	
Executive Vice President and Assistant Secretary

  

  

  

 

 

	  	  	  	  	  
	
ADMINISTRATIVE AGENT AND LENDERS:

	  	
WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent and a Lender

	  	  	  
	  	  	
By:

	  	

/s/ Jorge A. Gonzalez

	  	  	
Name:

	  	
Jorge A. Gonzalez

	  	  	
Title:

	  	
Managing Director

 

[signature pages continue]

  

  

  

 

	  	  	  
	
THE GOVERNOR AND COMPANY OF THE BANK

OF IRELAND, as a Lender

	  	  
	
By:

	  	

/s/ Richard Cameron

	
Name:

	  	
Richard Cameron

	
Title:

	  	
Senior Vice President

	  	  
	
By:

	  	

/s/ Peter Dancy

	
Name:

	  	
Peter Dancy

	
Title:

	  	
Managing Director

 

[signature pages continue]

  

  

  

 

	  	  	  
	
BMO CAPITAL MARKETS FINANCING, INC.,

as a Lender

	  	  
	
By:

	  	

/s/ Graeme Robertson

	
Name:

	  	
Graeme Robertson

	
Title:

	  	
Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
CAROLINA FIRST BANK, as a Lender

	  	  
	
By:

	  	

/s/ Charles D. Chamberlain

	
Name:

	  	
Charles D. Chamberlain

	
Title:

	  	
Executive Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
CREDIT INDUSTRIEL ET COMMERCIAL,

as a Lender

	  	  
	
By:

	  	

/s/ Anthony Rock

	
Name:

	  	
Anthony Rock

	
Title:

	  	
Managing Director

	  	  
	
By:

	  	

/s/ Marcus Edward

	
Name:

	  	
Marcus Edward

	
Title:

	  	
Managing Director

 

[signature pages continue]

  

  

  

 

	  	  	  
	
ISRAEL DISCOUNT BANK OF NEW YORK,

as a Lender

	  	  
	
By:

	  	

/s/ Andy Ballta

	
Name:

	  	
Andy Ballta

	
Title:

	  	
First VP

	  	  
	
By:

	  	

/s/ Walter T. Duffy III

	
Name:

	  	
Walter T. Duffy III

	
Title:

	  	
First VP

 

[signature pages continue]

  

  

  

 

	  	  	  
	
JPMORGAN CHASE BANK, N.A., as a Lender

	  	  
	
By:

	  	

/s/ Robert P. Carswell

	
Name:

	  	
Robert P. Carswell

	
Title:

	  	
Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
NORTH FORK BUSINESS CAPITAL

CORPORATION, as a Lender

	  	  
	
By:

	  	

/s/ Ron Walker

	
Name:

	  	
Ron Walker

	
Title:

	  	
Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
RAYMOND JAMES BANK FSB, as a Lender

	  	  
	
By:

	  	

/s/ Andrew D. Hahn

	
Name:

	  	
Andrew D. Hahn

	
Title:

	  	
Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
RZB FINANCE LLC, as a Lender

	  	  
	
By:

	  	

/s/ Randall Abrams

	
Name:

	  	
Randall Abrams

	
Title:

	  	
Vice President

	  	  
	
By:

	  	

/s/ Christoph Hoedl

	
Name:

	  	
Christoph Hoedl

	
Title:

	  	
Group Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
STATE BANK OF INDIA, as a Lender

	  	  
	
By:

	  	

/s/ Ashok Wanchoo

	
Name:

	  	
Ashok Wanchoo

	
Title:

	  	
Vice President & Head (Credit)

 

[signature pages continue]

  

  

  

 

	  	  	  
	
SUNTRUST BANK, as a Lender

	  	  
	
By:

	  	

/s/ Kelly Gunter

	
Name:

	  	
Kelly Gunter

	
Title:

	  	
Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
UNITED OVERSEAS BANK LIMITED, NEW YORK

AGENCY, as a Lender

	  	  
	
By:

	  	

/s/ George Lim

	
Name:

	  	
George Lim

	
Title:

	  	
SVP & GM

	  	  
	
By:

	  	

/s/ Mario Sheng

	
Name:

	  	
Mario Sheng

	
Title:

	  	
AVP

 

[signature pages continue]

  

  

  

 

	  	  	  
	
WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Co-Documentation Agent and a Lender

	  	  
	
By:

	  	

/s/ S. Michael St. Geme

	
Name:

	  	
S. Michael St. Geme

	
Title:

	  	
Senior Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
COOPERATIVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A. "RABOBANK NEDERLAND", NEW YORK BRANCH,

as a Lender

	  	  
	
By:

	  	

/s/ Theodore W. Cox

	
Name:

	  	
Theodore W. Cox

	
Title:

	  	
Executive Director

	  	  
	
By:

	  	

/s/ Rebecca Morrow

	
Name:

	  	
Rebecca Morrow

	
Title:

	  	
Executive Director

 

[signature pages continue]

  

  

  

 

	  	  	  
	
REGIONS BANK, as a Lender

	  	  
	
By:

	  	

/s/ Elaine B. Passman

	
Name:

	  	
Elaine B. Passman

	
Title:

	  	
Vice President

 

[signature pages continue]

  

  

  

 

	  	  	  
	
GENERAL ELECTRIC CAPITAL CORPORATION,

as a Lender

	  	  
	
By:

	  	

/s/ Rebecca A. Ford

	
Name:

	  	
Rebecca A. Ford

	
Title:

	  	
Duly Authorized Signatory

 

[signature pages end]

  

  

  

 

 

 

 

Schedule 1.1-1

ACCOUNT DESIGNATION LETTER

[Date]

 

Wachovia Bank, National Association,

as Administrative Agent under the

Credit Agreement referred to below

Charlotte Plaza

201 South College Street, CP-8

Charlotte, North Carolina  28288-0680

Attn:  Syndication Agency Services

Ladies and Gentlemen:

This Account Designation Letter is delivered to you by The Pantry, Inc., a Delaware corporation (the "Borrower"), pursuant to the Third Amended and Restated Credit Agreement dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement") by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto (individually a "Guarantor" and collectively, the "Guarantors"), the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent").

The Administrative Agent is hereby authorized to disburse all Loan proceeds into the following account, unless the Borrower shall designate in writing to the Administrative Agent one or more other accounts:

[INSERT Name of Bank/

ABA Routing Number/

and Account Number]

This Account Designation Letter may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

Schedule 1.1-3

MATERIAL CONTRACTS

	
  

	
1.

	
Branded Jobber Contract dated February 1, 2003 between The Pantry and BP Products North America Inc.

 

	
  

	
2.

	
Amendment to the Branded Jobber Contract dated February 14, 2003 between The Pantry and BP Products North America Inc.

 

	
  

	
3.

	
Second Amendment to the Branded Jobber Contract dated June 11, 2004 between The Pantry and BP Products North America Inc.

 

	
  

	
4.

	
Third Amendment to the Branded Jobber Contract dated July 18, 2006 between The Pantry and BP Products North America Inc.

 

	
  

	
5.

	
Distributor Franchise Agreement dated August 2000 between The Pantry and CITGO Petroleum Corporation.

 

	
  

	
6.

	
Amended and Restated Addendum to the Distributor Franchise Agreement dated February 11, 2003 between The Pantry and CITGO Petroleum Corporation.

 

	
  

	
7.

	
Letter Amendment to the Amended and Restated Addendum to the Distributor Franchise Agreement dated July 7, 2004 between The Pantry and CITGO Petroleum Corporation.

 

	
  

	
8.

	
First Amendment to the Amended and Restated Addendum to the Distributor Franchise Agreement dated March 31, 2005 between The Pantry and CITGO Petroleum Corporation.

 

	
  

	
9.

	
Second Amendment to Amended and Restated Addendum to Distribution Franchise Agreement dated October 17, 2005 between The Pantry and CITGO Petroleum Corporation.

 

	
  

	
10.

	
Third Amendment to Amended and Restated Addendum to Distribution Franchise Agreement dated March 24, 2006 between The Pantry and CITGO Petroleum Corporation.

 

	
  

	
11.

	
Fourth Amendment to Amended and Restated Addendum to Distribution Franchise Agreement dated December 18, 2006 between The Pantry and CITGO Petroleum Corporation.

 

	
  

	
12.

	
Distribution Service Agreement dated October 10, 1999 among The Pantry, Lil� Champ Food Stores, Inc. and McLane Company, Inc.

 

	
  

	
13.

	
First Amendment to Distribution Service Agreement dated June 28, 2001 among The Pantry, Lil� Champ Food Stores, Inc. and McLane Company, Inc.

 

	
  

	
14.

	
Second Amendment to Distribution Service Agreement dated  September 8, 2001 among The Pantry, Lil� Champ Food Stores, Inc. and McLane Company, Inc.

 

	
  

	
15.

	
Third Amendment to the Distribution Service Agreement dated October 5, 2002 among The Pantry, Lil� Champ Food Stores, Inc. and McLane Company, Inc.

 

	
  

	
16.

	
Fourth Amendment to the Distribution Service Agreement dated October 16, 2003 between The Pantry and McLane Company, Inc.

 

	
  

	
17.

	
Fifth Amendment to the Distribution Service Agreement dated April 1, 2004 between The Pantry and McLane Company, Inc.

 

  

  

  

	
  

	
18.

	
Sixth Amendment to the Distribution Service Agreement dated April 21, 2005 between The Pantry and McLane Company, Inc.

 

	
  

	
19.

	
Seventh Amendment to the Distribution Service Agreement dated May 11, 2006 between The Pantry and McLane Company, Inc.

 

	
  

	
20.

	
Eighth Amendment to the Distribution Service Agreement dated April 1, 2007  between The Pantry and McLane Company, Inc.

 

	
  

	
21.

	
Indenture dated February 19, 2004 among The Pantry, the subsidiaries named therein and U.S. Bank National Association, as successor to Wachovia Bank, National Association, as Trustee.

 

	
  

	
22.

	
Indenture dated November 22, 2005, among The Pantry, the subsidiaries named therein and U.S. Bank National Association, as successor to Wachovia Bank, National Association, as Trustee.

 

	
  

	
23.

	
Chevron Branded Jobber Petroleum Products Agreement dated April 22, 2003 between Chevron Products Company and The Pantry.

 

	
  

	
24.

	
Amendment to Chevron Branded Jobber Petroleum Products Agreement dated November 5, 2003 between Chevron Products Company and The Pantry.

 

	
  

	
25.

	
Motor Gasoline Price Discount Agreement dated June 14, 2004 between Chevron Products Company and The Pantry.

 

  

  

  

Schedule 1.1-4

EXISTING LETTERS OF CREDIT

 

	
The Pantry

	 	  	 	  	 	
 

	
LC Exposure as of 4/19/07

	 	  	 	  	 	  
	  	 	  	 	  	 	  	 	  
	
L/C #

	 	
LC Amount

	 	
Issue Date

	 	
Expiry Date

	 	
Beneficiary

	  	 	  	 	  	 	  	 	  
	
SM200753

	 	
1,920,000.00

	 	
11/7/2002

	 	
11/1/2007

	 	
Royal and SunAlliance

	
SM200868

	 	
30,000.00

	 	
11/19/2002

	 	
12/8/2007

	 	
Louisian Dept of Envir

	
SM207317

	 	
13,583,990.00

	 	
3/11/2004

	 	
2/28/2008

	 	
Ace American Insurance

	
SM211191

	 	
1,500,000.00

	 	
12/6/2004

	 	
12/2/2007

	 	
Westchester Fire Insurance

	
SM218196

	 	
1,600,000.00

	 	
2/6/2006

	 	
2/1/2008

	 	
ExxonMobil

	
SM219594

	 	
5,000.00

	 	
4/25/2006

	 	
4/24/2008

	 	
Town of Cary

	
SM225372

	 	
100,000.00

	 	
4/19/2007

	 	
4/19/2008

	 	
Apex Oil Company, Inc.

	
SM407742C

	 	
13,500,000.00

	 	
2/9/1999

	 	
1/31/2008

	 	
Citgo Petroleum Corp

	
SM408070C

	 	
400,000.00

	 	
3/10/1999

	 	
9/10/2007

	 	
Marathon Ashland Petroleum

	
SM409516

	 	
125,000.00

	 	
7/20/1999

	 	
7/14/2008

	 	
Miller Enterprises

	
SM410464

	 	
1,000,000.00

	 	
10/14/1999

	 	
1/31/2008

	 	
AMOCO Oil Co

	
SM416342

	 	
1,960,785.00

	 	
4/3/2001

	 	
12/31/2007

	 	
Greenwich Insurance

	
SM419043C

	 	
1,520,076.00

	 	
11/14/2001

	 	
11/11/2007

	 	
Liberty Mutual

	
SM420233

	 	
863,400.00

	 	
3/14/2002

	 	
3/9/2008

	 	
NC Dept of Envir.

	
SM420234

	 	
25,000.00

	 	
3/13/2002

	 	
3/8/2008

	 	
SC Dept of Envir.

	
SM420235

	 	
200,000.00

	 	
3/13/2002

	 	
3/1/2008

	 	
Commonwealth of Virginia

	
SM420859

	 	
60,000.00

	 	
5/7/2002

	 	
4/19/2008

	 	
Indian Dept. of Envir. Mgmt

	
SM422200W

	 	
25,000.00

	 	
8/7/2002

	 	
7/30/2008

	 	
Georgia Dept of Natural

	
SM422232

	 	
77,500.00

	 	
8/6/2002

	 	
4/19/2008

	 	
Tennessee Dept of Envir

	
SM422235W

	 	
25,000.00

	 	
8/6/2002

	 	
4/19/2008

	 	
Kentucky Dept of Envir

	
S014220

	 	
150,000.00

	 	
10/27/1987

	 	
1/31/2008

	 	
KY Dept of Labor

	
S027149

	 	
1,000.00

	 	
7/18/1990

	 	
1/31/2008

	 	
Dept of Agric - SC

	
S029762

	 	
1,000.00

	 	
4/23/1991

	 	
1/31/2008

	 	
Dept of Agric - NC

	
S031030

	 	
2,825,000.00

	 	
7/31/1991

	 	
3/15/2008

	 	
BP Exploration & Oil

	
S139521

	 	
2,500,000.00

	 	
11/28/1997

	 	
7/31/2007

	 	
Chevron Products

	  	 	
      43,997,751.00

	 	  	 	  	 	  

  

  

  

Schedule 1.1-5

EXISTING HEDGING AGREEMENTS

	
The Pantry, Inc.

	 	  	 	 	 	 	 
	
Outstanding Swap Arrangements

	 	  	 	 	 	 	 
	
April 27, 2007

	 	  	 	 	 	 	 
	  	 	  	 	 	 	 	 
	  	 	  	 	 	 	 	 
	  	 	
Expiration

	 	
Notional Amount

	 	
Pay Rate

	 
	  	 	  	 	 	 	 	 
	
Wachovia

	 	
4/16/2008

	 	7,500,000	 	 	4.17	%
	
Wachovia

	 	
4/16/2009

	 	50,000,000	 	 	4.28	%
	
Credit Suisse

	 	
4/17/2008

	 	7,500,000	 	 	4.17	%
	
Credit Suisse

	 	
4/17/2009

	 	50,000,000	 	 	4.28	%
	  	 	  	 	 	 	 	 	 	 
	  	 	  	 	 	 	 	 	 	 
	
Total

	 	  	 	115,000,000	 	 	 	 

  

  

  

Schedule 1.1-6

COMMITMENTS

	
Lenders

	 	
Revolving Commitment

	 	 	
Revolving Commitment Percentage

	 	 	
LOC Committed Amount

	 	 	
LOC Commitment Percentage

	 	 	
Initial Term Loan Commitment Percentage

	 	 	
Delayed Draw Term Loan Commitment Percentage

	 
	
The Governor and Company of the Bank of Ireland

	 	$	5,000,000.00	 	 	 	2.222222222	%	 	$	2,666,666.67	 	 	 	2.222222222	%	 	 	0.000000000	%	 	 	0.000000000	%
	
BMO Capital Markets

	 	$	20,000,000.00	 	 	 	8.888888889	%	 	$	10,666,666.67	 	 	 	8.888888889	%	 	 	0.000000000	%	 	 	0.000000000	%
	
Carolina First Bank

	 	$	12,500,000.00	 	 	 	5.555555556	%	 	$	6,666,666.67	 	 	 	5.555555556	%	 	 	0.000000000	%	 	 	0.000000000	%
	
Credit Industriel et Commercial

	 	$	10,000,000.00	 	 	 	4.444444444	%	 	$	5,333,333.33	 	 	 	4.444444444	%	 	 	0.000000000	%	 	 	0.000000000	%
	
General Electric Cpaital Corp.

	 	$	7,000,000.00	 	 	 	3.111111111	%	 	$	3,733,333.33	 	 	 	3.111111111	%	 	 	0.000000000	%	 	 	0.000000000	%
	
Israel Discount Bank Limited

	 	$	7,500,000.00	 	 	 	3.333333333	%	 	$	4,000,000.00	 	 	 	3.333333333	%	 	 	0.000000000	%	 	 	0.000000000	%
	
JPMorgan Chase Bank, N.A.

	 	$	22,500,000.00	 	 	 	10.000000000	%	 	$	12,000,000.00	 	 	 	10.000000000	%	 	 	0.000000000	%	 	 	0.000000000	%
	
North Fork Business Capital Corporation

	 	$	15,000,000.00	 	 	 	6.666666667	%	 	$	8,000,000.00	 	 	 	6.666666667	%	 	 	0.000000000	%	 	 	0.000000000	%
	
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. �Rabobank Nederland�, New York Branch

	 	$	20,000,000.00	 	 	 	8.888888889	%	 	$	10,666,666.67	 	 	 	8.888888889	%	 	 	0.000000000	%	 	 	0.000000000	%
	
Raymond James Bank FSB

	 	$	15,000,000.00	 	 	 	6.666666667	%	 	$	8,000,000.00	 	 	 	6.666666667	%	 	 	0.000000000	%	 	 	0.000000000	%
	
Regions Financial Corp.

	 	$	15,000,000.00	 	 	 	6.666666667	%	 	$	8,000,000.00	 	 	 	6.666666667	%	 	 	0.000000000	%	 	 	0.000000000	%
	
RZB Finance LLC

	 	$	6,000,000.00	 	 	 	2.666666667	%	 	$	3,200,000.00	 	 	 	2.666666667	%	 	 	0.000000000	%	 	 	0.000000000	%
	
State Bank of India

	 	$	5,000,000.00	 	 	 	2.222222222	%	 	$	2,666,666.67	 	 	 	2.222222222	%	 	 	0.000000000	%	 	 	0.000000000	%
	
SunTrust Bank

	 	$	15,000,000.00	 	 	 	6.666666667	%	 	$	8,000,000.00	 	 	 	6.666666667	%	 	 	0.000000000	%	 	 	0.000000000	%
	
United Overseas Bank Limited, New York Agency

	 	$	7,000,000.00	 	 	 	3.111111111	%	 	$	3,733,333.33	 	 	 	3.111111111	%	 	 	0.000000000	%	 	 	0.000000000	%
	
Wachovia Bank, National Association

	 	$	22,500,000.00	 	 	 	10.000000000	%	 	$	12,000,000.00	 	 	 	10.000000000	%	 	 	100.000000000	%	 	 	100.000000000	%
	
Wells Fargo Bank, National Association

	 	$	20,000,000.00	 	 	 	8.888888889	%	 	$	10,666,666.67	 	 	 	8.888888889	%	 	 	0.000000000	%	 	 	0.000000000	%
	
 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Total

	 	$	225,000,000.00	 	 	 	100.000000000	%	 	$	120,000,000.00	 	 	 	100.000000000	%	 	 	100.000000000	%	 	 	100.000000000	%

  

  

  

Schedule 2.1(b)(i)

FORM OF NOTICE OF BORROWING

[Date]

Wachovia Bank, National Association,

as Administrative Agent under the

Credit Agreement referred to below

Charlotte Plaza

201 South College Street, CP-8

Charlotte, North Carolina  28288-0680

Attention:  Syndication Agency Services

Ladies and Gentlemen:

Pursuant to Section [2.1(b)][2.2(b)][2.5(b)] of the Third Amended and Restated Credit Agreement dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement") by and among The Pantry, Inc., a Delaware corporation (the "Borrower"), the Domestic Subsidiaries of the Borrower from time to time party thereto (individually a "Guarantor" and collectively, the "Guarantors"), the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent"), the Borrower hereby requests that the following Loans be made on [date] as follows (the "Proposed Borrowing"):

	
I.

	
Revolving Loans requested:

	
(1)

	  	
Total Amount of Revolving Loans Requested

	
$

	  
	  	  	  	  	  	  	  
	
(2)

	  	
Amount of (1) to be allocated to LIBOR Rate Loans

	
$

	  
	  	  	  	  	  	  	  
	
(3)

	  	
Amount of (1) to be allocated to Alternate Base Rate Loans

	
$

	  
	  	  	  	  	  	  	  
	
(4)

	  	
Interest Periods and amounts to be allocated thereto in respect of the LIBOR Rate Loans referenced in (2) (amounts must total (2)):

	  	  
	  	  	  	  	  	  	  
	  	  	  	
(i)

	
one month

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
(ii)

	
two months

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
(iii)

	
three months

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
(iv)

	
six months

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
Total LIBOR Rate Loans

	
$

	  

  

  

  

	
NOTE:

	
REVOLVING LOAN BORROWINGS MUST BE IN MINIMUM AMOUNTS OF (A) WITH RESPECT TO LIBOR RATE LOANS $2,000,000 AND $100,000 INCREMENTS IN EXCESS THEREOF AND (B) WITH RESPECT TO ALTERNATE BASE RATE LOANS, $1,000,000 AND $50,000 INCREMENTS IN EXCESS THEREOF.

	
II.

	
Delayed Draw Term Loan requested:

	
(1)

	  	
Total Amount of Delayed Draw Term Loan Requested

	
$

	  
	  	  	  	  	  	  	  
	
(2)

	  	
Amount of (1) to be allocated to LIBOR Rate Loans

	
$

	  
	  	  	  	  	  	  	  
	
(3)

	  	
Amount of (1) to be allocated to Alternate Base Rate Loans

	
$

	  
	  	  	  	  	  	  	  
	
(4)

	  	
Interest Periods and amounts to be allocated thereto in respect of the LIBOR Rate Loans referenced in (2) (amounts must total (2)):

	  	  
	  	  	  	  	  	  	  
	  	  	  	
(i)

	
one month

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
(ii)

	
two months

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
(iii)

	
three months

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
(iv)

	
six months

	
$

	  
	  	  	  	  	  	  	  
	  	  	  	
Total LIBOR Rate Loans

	
$

	  

	
NOTE:

	
DELAYED DRAW TERM LOAN BORROWINGS MUST BE IN MINIMUM AMOUNTS OF $1,500,000 AND $500,000 INCREMENTS IN EXCESS THEREOF.

	
IIII.

	
Swingline Loans requested:

	
(1)

	  	
Total Amount of Swingline Loans Requested

	
$

	  

	
NOTE:

	
SWINGLINE LOAN BORROWINGS MUST BE IN MINIMUM AMOUNTS OF $50,000 AND IN INTEGRAL AMOUNTS OF $25,000 IN EXCESS THEREOF.

  

  

  

Terms defined in the Credit Agreement shall have the same meanings when used herein.

The undersigned hereby certifies that the following statements are true on the date hereof and will be true on the date of the Proposed Borrowing:

(a)           The representations and warranties made by the Credit Parties in the Credit Agreement, in the Security Documents or which are contained in any certificate furnished at any time under or in connection with the Credit Agreement are (i) with respect to representations and warranties that contain a materiality qualification, true and correct and (ii) with respect to representations and warranties that do not contain a materiality qualification, true and correct in all material respects, in each case on and as of the date of such Proposed Borrowing as if made on and as of such date except for any representation or warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date.

(b)           No Default or Event of Default has occurred and is continuing after giving effect to the Proposed Borrowing.

(c)           Immediately after giving effect to the Proposed Borrowing (and the application of the proceeds thereof), the sum of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed Amount.

(d)           Additional Conditions to Revolving Loans.  If a Revolving Loan is requested, all conditions set forth in Section 2.1 of the Credit Agreement have been satisfied.

(e)           Additional Conditions to Delayed Draw Term Loan.  If a borrowing under the Delayed Draw Term Loan is requested, (i) all conditions set forth in Section 2.2(b) of the Credit Agreement have been satisfied and (ii) the Borrower is in pro forma compliance with all the financial covenants set forth in Section 6.6.

(f)           Additional Conditions to Swingline Loans.  If a Swingline Loan is requested, all conditions set forth in Section 2.5 of the Credit Agreement have been satisfied.

This Notice of Borrowing may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

Schedule 2.1(e)

FORM OF REVOLVING NOTE

	
Lender:______________

	
[Date]

FOR VALUE RECEIVED, the undersigned, THE PANTRY, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay, on the Revolving Commitment Termination Date (as defined in the Credit Agreement referred to below), to the order of the above-named Lender (the "Lender") at the office of the Administrative Agent (as defined below) located at Charlotte Plaza, 201 South College Street, CP-8, Charlotte, North Carolina  28288-0680, in lawful money of the United States of America and in immediately available funds, the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the undersigned pursuant to Section 2.1 of the Credit Agreement.  The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof and, to the extent permitted by law, accrued interest in respect hereof from time to time from the date hereof until payment in full of the principal amount hereof and accrued interest hereon, at the rates and on the dates set forth in the Credit Agreement.

The holder of this Revolving Note is authorized to endorse the date and amount of each Revolving Loan made pursuant to Section 2.1 of the Credit Agreement and each payment of principal and interest with respect thereto and its character as a LIBOR Rate Loan or an Alternate Base Rate Loan on Schedule 1 annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence of the accuracy of the information endorsed; provided, however, that the failure to make any such endorsement shall not affect the obligations of the undersigned under this Revolving Note.

This Revolving Note is one of the Revolving Notes referred to in the Third Amended and Restated Credit Agreement dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement") by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent"), and the holder is entitled to the benefits thereof.  Terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement.

Upon the occurrence and during the continuance of any Event of Default, all amounts then remaining unpaid on this Revolving Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement.  In the event this Revolving Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to principal and interest, all costs of collection, including reasonable attorneys� fees.

  

  

  

All parties now and hereafter liable with respect to this Revolving Note, whether maker, principal, surety, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.

This Revolving Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.

This Revolving Note may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

SCHEDULE 1

to

Revolving Note

LOANS AND PAYMENTS OF PRINCIPAL

	
Date

	  	
Amount of Loan

	  	
Type of Loan1

	  	
Interest Rate

	  	
Interest Period

	  	
Principal Paid or Converted

	  	
Principal Balance

	  	
Notation Made By

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  

 

 

	
1

	
The type of Loan may be represented either by "L" for LIBOR Rate Loans or "ABR" for Alternate Base Rate Loans.

  

  

  

Schedule 2.2(d)

FORM OF TERM NOTE

	
Lender:_____________

	
[Date]

FOR VALUE RECEIVED, the undersigned, THE PANTRY, INC., a Delaware corporation, hereby unconditionally promises to pay, on each date specified in the Credit Agreement referred to below for the payment of principal and on the Term Loan Maturity Date (as defined in the Credit Agreement), to the order of the above-named Lender (the "Lender") at the office of the Administrative Agent (as defined below) located at Charlotte Plaza, 201 South College Street, CP-8, Charlotte, North Carolina  28288-0680, in lawful money of the United States of America and in immediately available funds, the aggregate unpaid principal amount of the Term Loan made by the Lender to the undersigned pursuant to Section 2.2 of the Credit Agreement.  The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof and, to the extent permitted by law, accrued interest in respect hereof from time to time from the date hereof until payment in full of the principal amount hereof and accrued interest hereon, at the rates and on the dates set forth in the Credit Agreement.

The holder of this Term Note is authorized to endorse the date and amount of each Term Loan pursuant to Section 2.2 of the Credit Agreement and each payment of principal and interest with respect thereto and its character as a LIBOR Rate Loan or an Alternate Base Rate Loan on Schedule 1 annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence of the accuracy of the information endorsed; provided, however, that the failure to make any such endorsement shall not affect the obligations of the undersigned under this Term Note.

This Note is one of the Term Notes referred to in the Third Amended and Restated Credit Agreement dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement") by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent"), and the holder is entitled to the benefits thereof.  Terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement.

Upon the occurrence and during the continuance of any Event of Default, all amounts then remaining unpaid on this Term Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement.  In the event this Term Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to principal and interest, all costs of collection, including reasonable attorneys' fees.

  

  

  

All parties now and hereafter liable with respect to this Term Note, whether maker, principal, surety, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.

This Term Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.

This Term Note may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

SCHEDULE 1

to

Term Note

LOANS AND PAYMENTS OF PRINCIPAL

	
Date

	  	
Amount of Loan

	  	
Type of Loan1

	  	
Interest Rate

	  	
Interest Period

	  	
Maturity Date

	  	
Principal Paid or Converted

	  	
Principal Balance

	  	
Notation Made By

	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  	  

 

	
1

	
The type of Loan may be represented by "L" for LIBOR Rate Loans or "ABR" for Alternate Base Rate Loans.

  

  

  

Schedule 2.5(d)

FORM OF SWINGLINE NOTE

[Date]

FOR VALUE RECEIVED, the undersigned, THE PANTRY, INC., a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay on the Revolving Commitment Termination Date (as defined in the Credit Agreement referred to below), to the order of WACHOVIA BANK, NATIONAL ASSOCIATION (the "Swingline Lender") at the office of the Administrative Agent (as defined below) located at Charlotte Plaza, 201 South College Street, CP-8, Charlotte, North Carolina  28288-0680, in lawful money of the United States of America and in immediately available funds the aggregate unpaid principal amount of all Swingline Loans made by the Swingline Lender to the undersigned pursuant to Section 2.5 of the Credit Agreement referred to below.  The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof and, to the extent permitted by law, accrued interest in respect hereof from time to time from the date hereof until payment in full of the principal amount hereof and accrued interest hereon, at the rates and on the dates set forth in the Credit Agreement.

The holder of this Swingline Note is authorized to endorse the date and amount of each Swingline Loan made pursuant to Section 2.5 of the Credit Agreement and each payment of principal and interest with respect thereto on Schedule 1 annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence of the accuracy of the information endorsed; provided, however, that the failure to make any such endorsement shall not affect the obligations of the undersigned under this Swingline Note.

This Swingline Note is the Swingline Note referred to in the Third Amended and Restated Credit Agreement dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement") by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent"), and the holder is entitled to the benefits thereof.  Terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement.

Upon the occurrence and during the continuance of any Event of Default, all amounts then remaining unpaid on this Swingline Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement.  In the event this Swingline Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to principal and interest, all costs of collection, including reasonable attorneys' fees.

  

  

  

All parties now and hereafter liable with respect to this Swingline Note, whether maker, principal, surety, endorser or otherwise, hereby waive presentment, demand, protest and all other notices of any kind.

This Swingline Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.

This Swingline Note may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

SCHEDULE 1

to

Swingline Note

LOANS AND PAYMENTS OF PRINCIPAL

	
Date

	  	
Amount of Loan

	  	
Principal Paid

	  	
Principal Balance

	  	
Notation Made By

	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	  	  	  	  

  

  

  

Schedule 2.8(a)

FORM OF NOTICE OF PREPAYMENT

Dated as of: ________________

Wachovia Bank, National Association,

as Administrative Agent under the

Credit Agreement referred to below

Charlotte Plaza

201 South College Street, CP-8

Charlotte, North Carolina  28288-0680

Attn:  Syndication Agency Services

Ladies and Gentlemen:

This irrevocable Notice of Prepayment is delivered to you by The Pantry, Inc. (the "Borrower"), in connection with the Third Amended and Restated Credit Agreement dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement") by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent").

1.           The Borrower hereby provides notice to the Administrative Agent that it shall voluntarily prepay the following [Alternate Base Rate Loans] [LIBOR Rate Loans] in an amount equal to _____________.

2.           The Loan to be prepaid is a [check applicable box]

o           Revolving Loan

o           Term Loan

3.           The Borrower shall prepay the above-referenced Loans on the following Business Day: _______________. (Complete with a Business Day at least one (1) Business Day subsequent to the date of this Notice of Prepayment with respect to an Alternate Base Rate Loan and three (3) Business Days subsequent to the date of this Notice of Prepayment with respect to any LIBOR Rate Loan).

4.           Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement.

  

  

  

5.           This Notice of Prepayment may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

Schedule 2.11

FORM OF NOTICE OF CONVERSION/EXTENSION

[Date]

Wachovia Bank, National Association,

as Administrative Agent under the

Credit Agreement referred to below

Charlotte Plaza

201 South College Street, CP-8

Charlotte, North Carolina  28288-0680

Attn:  Syndication Agency Services

Ladies and Gentlemen:

Pursuant to Section 2.11 of the Third Amended and Restated Credit Agreement, dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement"), among The Pantry, Inc. (the "Borrower"), the Domestic Subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent"), the Borrower hereby requests conversion or extension of the following Loans be made on [date] as follows (the "Proposed Conversion/Extension"):

Applicable Loan

	  	  	
Revolving Loan

	  	  	  
	  	  	
Term Loan

	  	  	  
	  	  	  	  	  	  	  
	
(1)

	  	
Total Amount of Loans to be converted/extended

	  	
$

	  
	  	  	  	  	  	  	  
	
(2)

	  	
Amount of (1) to be allocated to LIBOR Rate Loans

	  	
$

	  
	  	  	  	  	  	  	  
	
(3)

	  	
Amount of (1) to be allocated to Alternate Base Rate Loans

	  	
$

	  
	  	  	  	  	  	  	  
	
(4)

	  	
Interest Periods and amounts to be allocated thereto in respect of the LIBOR Rate Loans referenced in (2) (amounts must total (2)):

	  	  	  

  

  

  

	  	  	
(i)

	  	
one month

	  	
$

	  
	  	  	  	  	  	  	  	  
	  	  	
(ii)

	  	
two months

	  	
$

	  
	  	  	  	  	  	  	  	  
	  	  	
(iii)

	  	
three months

	  	
$

	  
	  	  	  	  	  	  	  	  
	  	  	
(iv)

	  	
six months

	  	
$

	  
	  	  	  	  	  	  	  	  
	  	  	
Total LIBOR Rate Loans

	  	
$

	  

	
NOTE:

	
CONVERSIONS TO LIBOR LOANS MUST BE IN MINIMUM AMOUNTS OF $2,000,000 AND $100,000 INCREMENTS IN EXCESS THEREOF.

Terms defined in the Credit Agreement shall have the same meanings when used herein.

The undersigned hereby certifies that, as of the date hereof and as of the date of the Proposed Conversion/Extension, no Default or Event of Default has occurred and is continuing after giving effect to the Proposed Conversion/Extension.

This Notice of Conversion/Extension may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

Schedule 3.1-1

JURISDICTIONS OF INCORPORATION/ORGANIZATION

Borrower

	
Name

	  	
State of Incorporation

	  	  	  
	
The Pantry, Inc.

	  	
Delaware

Subsidiaries

	
Name

	  	
State of Incorporation

	  	  	  
	
R. & H. Maxxon, Inc.

	  	
South Carolina

	  	  	  
	
Kangaroo, Inc.

	  	
Georgia

	  	  	  
	
D. & D. Oil Co., Inc.

	  	
Georgia

	  	  	  
	
Shop-A-Snak Food Mart, Inc.

	  	
Delaware

	  	  	  
	
Marco Petroleum, Inc.

	  	
Alabama

	  	  	  
	
Angler�s Mini-Mart, Inc.

	  	
South Carolina

	  	  	  
	
Coastal Petroleum Company, Inc.

	  	
South Carolina

  

  

  

Schedule 3.1-2

SUBSIDIARIES; CAPITAL STRUCTURE

	
1.

	
Kangaroo, Inc has authorized 100,000 shares of common stock; no par value per share, of which 9,900 shares, all of which are owned by The Pantry, Inc., are issued and outstanding.

 

	
2.

	
R. & H. Maxxon, Inc. has authorized 10,000 shares of common stock; $10.00 par value per share, of which 2,210 shares, all of which are owned by The Pantry, Inc., are issued and outstanding.

 

	
3.

	
D. & D. Oil Co., Inc. has authorized 500,000 shares of common stock, $1.00 par value per share, of which 54,033 shares, all of which are owned by The Pantry, Inc., are issued and outstanding.

 

	
4.

	
Shop-A-Snak Food Mart, Inc. has authorized 10,000 shares of Class A common stock, 10,000 shares of Class B common stock (nonvoting) and 20,000 shares of preferred stock, each with a $0.01 par value per share, of which 2,860 shares of Class A common, all of which are owned by The Pantry, Inc., are issued and outstanding.

 

	
5.

	
Marco Petroleum, Inc. has authorized 1,000 shares of common stock, $1.00 par value per share, of which issued and outstanding 100 shares, all of which are owned by Shop-A-Snak Food Mart, Inc., are issued and outstanding.

 

	
6.

	
Angler�s Mini-Mart, Inc. has authorized 10,000 shares of common stock, $1.00 par value per share, of which 10,000 shares, all of which are owned by The Pantry, Inc., are issued and outstanding.

 

	
7.

	
Coastal Petroleum Company, Inc. has authorized 100,000 shares of common stock, no par value per share, of which 1,000 shares, all of which are owned by Angler�s Mini Mart, Inc., are issued and outstanding.

 

  

  

  

Schedule 3.2(b)

CONFLICTS WITH CONTRACTUAL OBLIGATIONS; CONSENTS

None.

  

  

  

Schedule 3.5(b)

REAL PROPERTIES

 

	
Store #

	
Old Cobra #

	
Owned/Leased

	
Comment

	
Open Date

	
County

	
Street Address

	
City/State/Zip

	
1

	  	
Owned Fee-Property

	
Non-Operating

	  	
Lee

	
1801 DOUGLAS DR

	
SANFORD, NC 27330

	
2

	  	
Leased Property

	
Non-Operating

	  	  	
300 INDEPENDENT DR

	
SANFORD, NC 27330

	
3

	  	
Leased Property

	
Non-Operating

	  	  	
8930 WESTERN WAY

	
JACKSONVILLE, FL 32256

	
7

	  	
Leased Property

	
Non-Operating

	  	  	
118 MCNEILL RD.

	
SANFORD, NC 27330

	
9

	  	
Leased Property

	
Non-Operating

	  	  	
514 CAROLINA AVENUE

	
WASHINGTON, NC 27889

	
10

	  	
Leased Property

	
Non-Operating

	  	  	
ATLANTA HWY.

	
GAINESVILLE, GA

	
12

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
2385 HURT ROAD

	
MARIETTA, GA

	
18

	  	
Leased Property

	
Non-Operating

	  	  	
3612 MUNDY MILL RD.

	
OAKWOOD, GA

	
22

	  	
Leased Property

	
Non-Operating

	  	  	
192 W. COURTLAND DRIVE

	
SANFORD, NC 27330

	
70

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
7428 HIXON PIKE

	
HIXON, TN  37343

	
73

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
8600 HIXON PIKE

	
HIXON, TN  37343

	
74

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
5723 HIXON PIKE

	
HIXON, TN  37343

	
75

	  	
Leased Property

	
Non-Operating

	  	  	
5323 RIVERS AVE

	
NORTH CHARLESTON, SC 29406

	
77

	  	
Leased Property

	
Non-Operating

	  	  	
1807 DOUGLAS DR

	
SANFORD, NC 27330

	
79

	  	
Leased Property

	
Non-Operating

	  	  	
200 INDEPENDENT DR.

	
SANFORD, NC 27330

	
80

	  	
Leased Property

	
Non-Operating

	  	  	
110 PARKWAY BLVD.

	
SUMMERVILLE, SC 29483

	
##

	  	
Leased Property

	
Non-Operating

	  	  	
3925 STUART ANDREW BLVD.

	
CHARLOTTE, NC 28217

	
1500

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
1505 JOHN B WHITE SR. BLVD.

	
SPARTANBURG, SC  29036

	
1501

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
691 NORTH PINE STREET

	
SPARTANBURG, SC  29032

	
1502

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
12020 ASHEVILLE HWY.

	
INMAN, SC  29349

	
1503

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
304 NORTH MAIN ST.

	
WOODRUFF, SC  29388

	
1504

	  	
Leased Property

	  	
4/19/2007

	
CHESTER

	
1801 JA COCHRAN BYPASS

	
CHESTER, SC  29706

	
1505

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
1475 FERNWOOD-GLENDALE RD

	
SPARTANBURG, SC  29032

	
1506

	  	
Leased Property

	  	
4/19/2007

	
UNION

	
1315 LOCKHART HWY.

	
UNION, SC  29379

	
1507

	  	
Leased Property

	  	
4/19/2007

	
UNION

	
400 SOUTH MAIN ST.

	
JONESVILLE, SC 29353

	
1508

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
620 E WADE HAMPTON BLVD.

	
GREER, SC  29651

	
1509

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
2050 SOUTH PINE ST.

	
SPARTANBURG, SC  29302

	
1510

	  	
Leased Property

	  	
4/19/2007

	
SPARTANBURG

	
8700 ASHEVILLE HWY.

	
SPARTANBURG, SC  29302

	
3994

	  	
Leased Property

	  	
4/26/2007

	
WAKE

	
781 CENTER STREET

	
APEX, NC  27502

  

  

  

NEWLY ACQUIRED PROPERTY - TO BE RETAINED BY PANTRY

	
Corporate Office Adj. Property, Sanford, NC

	
953 New Berlin Road, Jacksonville, FL

	
*Opp. Corner, Benton Rd., Bossier City, LA

NEWLY ACQUIRED PROPERTY - FUTURE SALE/LEASEBACKS

	
NEC US98 & Transmitter Rd, Springfield, FL

	
SWC 58th Ave/College Lane, Vero Beach, FL

	
14024 Outback Dr., Jacksonville, FL 32218

	
Highway 52 & I-65, Pelham, AL

	
4402 Ten Ten Road/Holly Springs, Apex, NC

	
1971 Clements Ferry Rd., Charleston, SC

	
Hwy 41 & Joe Rouse, Mt. Pleasant, SC

	
Ten Ten & Kildaire Farm Road, Cary, NC

	
Hwy 160 W & Dam Road, Tega Cay, SC

  

  

  

 

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
105

	  	
03/01/1981

	  	
LEE

	  	
809 CARTHAGE ST

	  	
SANFORD,  NC 27330

	
Owned

	  	
112

	  	
01/06/1986

	  	
ALAMANCE

	  	
110 W HAGGARD ST

	  	
ELON COLLEGE, NC 27244

	
Owned

	  	
130

	  	
01/01/1974

	  	
ROWAN

	  	
264 EAST MAIN STREET

	  	
ROCKWELL,  NC 28138

	
Owned

	  	
140

	  	
01/01/1974

	  	
WATAUGA

	  	
1218 STATE FARM RD.

	  	
BOONE, NC 28607

	
Owned

	  	
147

	  	
07/02/1978

	  	
WATAUGA

	  	
1056 EAST KING ST.

	  	
BOONE,  NC 28607

	
Owned

	  	
150

	  	
07/01/1974

	  	
RANDOLPH

	  	
127 EAST SWANNANOA

	  	
LIBERTY, NC 27298

	
Owned

	  	
157

	  	
11/01/1978

	  	
IREDELL

	  	
250 MAIN ST

	  	
TROUTMAN, NC 28166

	
Owned

	  	
161

	  	
07/07/1975

	  	
ALAMANCE

	  	
1031 HWY 87 NORTH

	  	
ELON COLLEGE,  NC 27244

	
Owned

	  	
170

	  	
05/04/1984

	  	
GUILFORD

	  	
3101 PLEASANT GARDEN RD

	  	
GREENSBORO, NC 27406

	
Owned

	  	
172

	  	
08/29/1975

	  	
IREDELL

	  	
354 S MAIN ST

	  	
MOORESVILLE, NC 28115

	
Owned

	  	
182

	  	
08/24/1976

	  	
ROWAN

	  	
300 S SALISBURY ST

	  	
SPENCER, NC 28159

	
Owned

	  	
192

	  	
05/01/1985

	  	
FORSYTH

	  	
700 JONESTOWN RD

	  	
WINSTON-SALEM,  NC 27103

	
Owned

	  	
215

	  	
07/01/1976

	  	
STOKES

	  	
101 E KING ST

	  	
KING, NC 27021

	
Owned

	  	
218

	  	
12/05/1985

	  	
LEE

	  	
1130 N HORNER BLVD

	  	
SANFORD,  NC 27330

	
Owned

	  	
239

	  	
03/24/1978

	  	
CATAWBA

	  	
1200 E MAIN ST

	  	
MAIDEN, NC 28650

	
Owned

	  	
240

	  	
07/21/1977

	  	
CATAWBA

	  	
334 EAST 20TH ST

	  	
NEWTON, NC 28658

	
Owned

	  	
247

	  	
05/25/1978

	  	
HORRY

	  	
348 DICK POND RD

	  	
MYRTLE BEACH, SC 29577

	
Owned

	  	
277

	  	
06/12/1980

	  	
BEAUFORT

	  	
71 MATTHEWS DR & HWY 278

	  	
HILTON HEAD ISLAND,  SC 29

	
Owned

	  	
288

	  	
10/30/1980

	  	
CHARLESTON

	  	
2572 ASHLEY RIVER RD

	  	
CHARLESTON, SC 29414

	
Owned

	  	
294

	  	
06/02/1980

	  	
CHATHAM

	  	
11399 US HWY 15-501 SOUTH

	  	
CHAPEL HILL,  NC 27514

	
Owned

	  	
295

	  	
10/16/1980

	  	
BEAUFORT

	  	
1810 RIBALT RD

	  	
PORT ROYAL, SC 29935

	
Owned

	  	
302

	  	
03/24/1981

	  	
CUMBERLAND

	  	
736 S REILLY RD

	  	
FAYETTEVILLE,  NC 28304

	
Owned

	  	
305

	  	
01/22/1981

	  	
CUMBERLAND

	  	
1501 PAMALEE DR

	  	
FAYETTEVILLE, NC 28303

	
Owned

	  	
315

	  	
04/16/1981

	  	
KERSHAW

	  	
2507 MAIN STREET

	  	
ELGIN, SC 29045

	
Owned

	  	
321

	  	
04/08/1982

	  	
BERKELEY

	  	
1044 REDBANK RD

	  	
GOOSE CREEK, SC 29445

	
Owned

	  	
323

	  	
01/07/1982

	  	
RICHLAND

	  	
317-B ROYAL TOWER RD

	  	
IRMO, SC 29063

	
Owned

	  	
326

	  	
10/22/1981

	  	
SUMTER

	  	
550 SOUTH PIKE EAST

	  	
SUMTER, SC 29150

	
Owned

	  	
330

	  	
08/13/1981

	  	
BERKELEY

	  	
215 RED BANK RD.

	  	
GOOSE CREEK,  SC 29445

	
Owned

	  	
331

	  	
12/31/1971

	  	
LEE

	  	
1612 TRAMWAY ROAD

	  	
SANFORD, NC 27330

	
Owned

	  	
332

	  	
10/08/1981

	  	
LEXINGTON

	  	
3950 AUGUSTA RD

	  	
WEST COLUMBIA, SC 29169

	
Owned

	  	
334

	  	
07/16/1981

	  	
HORRY

	  	
1011 GLENN BAY RD

	  	
SURFSIDE BEACH,  SC 29575

	
Owned

	  	
340

	  	
10/22/1981

	  	
GREENWOOD

	  	
1530 BYPASS NE

	  	
GREENWOOD, SC 29646

	
Owned

	  	
355

	  	
06/10/1971

	  	
LEE

	  	
429 EAST WEATHERSPOON ST

	  	
SANFORD, NC 27330

	
Owned

	  	
366

	  	
06/26/1982

	  	
LEE

	  	
812 SOUTH HORNER BLVD.

	  	
SANFORD, NC 27330

	
Owned

	  	
376

	  	
08/21/1981

	  	
CUMBERLAND

	  	
4000 SOUTH MAIN ST

	  	
HOPE MILLS,  NC 28348

	
Owned

	  	
391

	  	
05/27/1982

	  	
CHRISTIAN

	  	
3249 LAFAYETTE RD

	  	
HOPKINSVILLE, KY 42240

	
Owned

	  	
394

	  	
06/17/1982

	  	
CHRISTIAN

	  	
932 NORTH MAIN ST

	  	
HOPKINSVILLE, KY 42240

	
Owned

	  	
398

	  	
11/12/1981

	  	
SUMTER

	  	
503 BROAD & MILLER ST

	  	
SUMTER, SC 29150

	
Owned

	  	
399

	  	
01/07/1982

	  	
LEXINGTON

	  	
1190 SUNSET BLVD

	  	
WEST COLUMBIA,  SC 29169

	
Owned

	  	
402

	  	
04/06/1982

	  	
MONTGOMERY

	  	
560 DOVER RD

	  	
CLARKSVILLE, TN 37040

	
Owned

	  	
405

	  	
10/01/1981

	  	
LEE

	  	
3006 HAWKINS AVENUE

	  	
SANFORD,  NC 27330

	
Owned

	  	
406

	  	
10/03/1981

	  	
HARNETT

	  	
1404 S MAIN ST

	  	
LILLINGTON, NC 27546

	
Owned

	  	
407

	  	
03/30/1982

	  	
MONTGOMERY

	  	
1874 MEMORIAL DR

	  	
CLARKSVILLE, TN 37040

	
Owned

	  	
410

	  	
12/13/1982

	  	
WATAUGA

	  	
1996 BLOWING ROCK RD.

	  	
BOONE, NC 28607

	
Owned

	  	
419

	  	
12/15/1983

	  	
LOGAN

	  	
1034 N. MAIN STREET

	  	
RUSSELLVILLE,  KY 42276

	
Owned

	  	
420

	  	
12/08/1983

	  	
LOGAN

	  	
407 HOPKINSVILLE RD

	  	
RUSSELLVILLE, KY 42276

	
Owned

	  	
422

	  	
04/13/1984

	  	
HORRY

	  	
511 HWY 17,  6TH AVE.  S.

	  	
NORTH MYRTLE BEACH,  SC 29

  

Page 1

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
427

	  	
07/26/1984

	  	
HOPKINS

	  	
HWY US 41A & 62

	  	
NORTONVILLE,  KY 42442

	
Owned

	  	
430

	  	
09/20/1984

	  	
BEAUFORT

	  	
1610 FORDING ISLAND ROAD

	  	
BLUFFTON,  SC 29926

	
Owned

	  	
442

	  	
02/21/1985

	  	
LEXINGTON

	  	
3504 CHARLESTON HWY

	  	
WEST COLUMBIA,  SC 29169

	
Owned

	  	
443

	  	
05/23/1985

	  	
MONTGOMERY

	  	
648 LA FAYETTE RD

	  	
CLARKSVILLE, TN 37042

	
Owned

	  	
445

	  	
02/07/1985

	  	
RICHLAND

	  	
806 BROAD RIVER RD

	  	
COLUMBIA, SC 29210

	
Owned

	  	
446

	  	
05/15/1985

	  	
BERKELEY

	  	
830 COLLEGE PARK ROAD

	  	
LADSON,  SC 29456

	
Owned

	  	
448

	  	
05/03/1985

	  	
BERKELEY

	  	
1677 NORTH MAIN

	  	
SUMMERVILLE,  SC 29483

	
Owned

	  	
450

	  	
05/30/1985

	  	
NEW HANOVER

	  	
2400 N.  COLLEGE RD

	  	
WILMINGTON,  NC 28405

	
Owned

	  	
451

	  	
05/09/1985

	  	
MONTGOMERY

	  	
1801 MADISON STREET

	  	
CLARKSVILLE, TN 37040

	
Owned

	  	
452

	  	
05/08/1985

	  	
LEXINGTON

	  	
3516 BUSH RIVER RD

	  	
COLUMBIA, SC 29210

	
Owned

	  	
453

	  	
04/27/1985

	  	
RICHLAND

	  	
3800 ROSEWOOD DRIVE

	  	
COLUMBIA, SC 29205

	
Owned

	  	
454

	  	
07/26/1985

	  	
GUILFORD

	  	
2522 RANDLEMAN RD

	  	
GREENSBORO, NC 27406

	
Owned

	  	
457

	  	
07/18/1985

	  	
WAKE

	  	
705 E. WILLIAMS STREET

	  	
APEX, NC 27502

	
Owned

	  	
458

	  	
10/03/1985

	  	
SUMNER

	  	
601 HARTSVILLE PIKE

	  	
GALLATIN, TN 37066

	
Owned

	  	
461

	  	
07/25/1985

	  	
HORRY

	  	
860 HWY 17 N.

	  	
LITTLE RIVER, SC 29566

	
Owned

	  	
462

	  	
09/27/1985

	  	
GUILFORD

	  	
101 PISGAH CHURCH

	  	
GREENSBORO,  NC 27405

	
Owned

	  	
463

	  	
08/22/1985

	  	
MONTGOMERY

	  	
301 PROVIDENCE ROAD

	  	
CLARKSVILLE, TN 37042

	
Owned

	  	
464

	  	
08/05/1985

	  	
NEW HANOVER

	  	
2375 S 17TH STREET

	  	
WILMINGTON,  NC 28401

	
Owned

	  	
467

	  	
08/08/1985

	  	
BRUNSWICK

	  	
1130 NORTH HOWE STREET

	  	
SOUTHPORT,  NC 28461

	
Owned

	  	
470

	  	
01/15/1986

	  	
RICHLAND

	  	
4400 BETHEL CHURCH ROAD

	  	
FOREST ACRES, SC 29206

	
Owned

	  	
472

	  	
04/10/1986

	  	
BEDFORD

	  	
320 MADISON ST

	  	
SHELBYVILLE, TN 37160

	
Owned

	  	
473

	  	
12/05/1985

	  	
MONTGOMERY

	  	
1791 WILMA RUDOLPH BLVD.

	  	
CLARKSVILLE, TN 37040

	
Owned

	  	
474

	  	
03/20/1986

	  	
RUTHERFORD

	  	
302 W NORTHFIELD BLVD

	  	
MURFREESBORO, TN 37129

	
Owned

	  	
475

	  	
11/27/1985

	  	
MOORE

	  	
10805 S US HWY 15 501

	  	
SOUTHERN PINES,  NC 28387

	
Owned

	  	
476

	  	
12/18/1985

	  	
LEXINGTON

	  	
1259 CHAPIN RD

	  	
CHAPIN,  SC 29036

	
Owned

	  	
477

	  	
05/01/1986

	  	
BEDFORD

	  	
702 S CANNON BLVD.

	  	
SHELBYVILLE, TN 37160

	
Owned

	  	
481

	  	
02/27/1986

	  	
CUMBERLAND

	  	
3458 N.  MAIN ST.

	  	
HOPE MILLS, NC 28348

	
Owned

	  	
482

	  	
05/08/1986

	  	
HORRY

	  	
13 HWY 90 EAST

	  	
LITTLE RIVER, SC 29566

	
Owned

	  	
484

	  	
08/25/1986

	  	
NEW HANOVER

	  	
5800 CASTLE HAYNE RD

	  	
CASTLE HAYNE,  NC 28429

	
Owned

	  	
485

	  	
08/14/1986

	  	
BEDFORD

	  	
900 N MAIN STREET

	  	
SHELBYVILLE, TN 37160

	
Owned

	  	
489

	  	
11/18/1986

	  	
RICHLAND

	  	
7800 GARNERS FERRY RD

	  	
COLUMBIA, SC 29209

	
Owned

	  	
490

	  	
10/03/1986

	  	
BEAUFORT

	  	
1301 RIBAULT ROAD

	  	
PORT ROYAL, SC 29935

	
Owned

	  	
494

	  	
06/27/1987

	  	
CHARLESTON

	  	
3586 SAVANNAH HWY

	  	
JOHNS ISLAND, SC 29455

	
Owned

	  	
497

	  	
04/03/1987

	  	
RICHLAND

	  	
2235 DECKER BLVD

	  	
COLUMBIA, SC 29209

	
Owned

	  	
498

	  	
05/15/1987

	  	  	  	
5098 DORCHESTER RD

	  	
CHARLESTON, SC 29418

	
Owned

	  	
500

	  	
04/22/1987

	  	
CUMBERLAND

	  	
1300 HOPE MILLS RD

	  	
FAYETTEVILLE,  NC 28304

	
Owned

	  	
702

	  	
07/14/1986

	  	
HENDERSON

	  	
2336 S GREEN ST

	  	
HENDERSON, KY 42420

	
Owned

	  	
706

	  	
05/02/1977

	  	
HENDERSON

	  	
300 WATSON LANE

	  	
HENDERSON,  KY 42420

	
Owned

	  	
725

	  	
05/22/1981

	  	
MUHLENBERG

	  	
6059 US HWY 62 W

	  	
GRAHAM,  KY 42344

	
Owned

	  	
773

	  	
09/15/1986

	  	
GREENVILLE

	  	
429 WADE HAMPTON BLVD

	  	
GREENVILLE, SC 29604

	
Owned

	  	
788

	  	
10/16/1987

	  	
DORCHESTER

	  	
207 OLD TROLLEY RD

	  	
SUMMERVILLE,  SC 29483

	
Owned

	  	
794

	  	
03/09/1989

	  	
DORCHESTER

	  	
1595 TROLLEY RD

	  	
SUMMERVILLE,  SC 29483

	
Owned

	  	
812

	  	
12/17/1987

	  	
VANDERBURGH

	  	
325 S KENTUCKY AVE

	  	
EVANSVILLE,  IN 47714

	
Owned

	  	
820

	  	
06/25/1989

	  	
CHARLESTON

	  	
906 FOLLY ROAD

	  	
JAMES ISLAND,  SC 29412

	
Owned

	  	
833

	  	
11/21/1989

	  	
KERSHAW

	  	
521 HWY 601 S

	  	
LUGOFF, SC 29078

	
Owned

	  	
839

	  	
03/01/1990

	  	  	  	
42 CENTER STREET

	  	
FOLLY BEACH,  SC 29439

	
Owned

	  	
840

	  	
09/27/1990

	  	  	  	
1402 BEN SAWYER BLVD

	  	
MOUNT PLEASANT, SC 29464

	
Owned

	  	
843

	  	
12/14/1989

	  	
HENDERSON

	  	
2001 U.S. 60 EAST

	  	
HENDERSON,  KY 42420

	
Owned

	  	
1013

	  	
01/14/1972

	  	
Bradford

	  	
2158 N TEMPLE AVENUE

	  	
STARKE,  FL 32091

	
Owned

	  	
1035

	  	
07/16/1972

	  	
St. Johns

	  	
9900 SHANDS PIER RD

	  	
JACKSONVILLE,  FL 32259

	
Owned

	  	
1041

	  	
12/02/1972

	  	
Levy

	  	
392 N. HATHAWAY AVE

	  	
BRONSON,  FL 32612

	
Owned

	  	
1043

	  	
12/09/1972

	  	
St. Johns

	  	
6929 A1A, S

	  	
ST AUGUSTINE,  FL 32086

  

Page 2

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
1066

	  	
01/31/1974

	  	
Seminole

	  	
1920 FRENCH AVENUE

	  	
SANFORD,  FL 32771

	
Owned

	  	
1069

	  	
03/08/1974

	  	
St. Johns

	  	
4760 US 1, N, SUITE A

	  	
ST AUGUSTINE,  FL 32095

	
Owned

	  	
1084

	  	
07/26/1974

	  	
Duval

	  	
11985 BEACH BLVD

	  	
JACKSONVILLE,  FL 32246

	
Owned

	  	
1095

	  	
07/25/1975

	  	
Duval

	  	
2810 SR A1A

	  	
ATLANTIC BEACH,  FL 32233

	
Owned

	  	
1101

	  	
08/27/1976

	  	
St. Johns

	  	
511 ANASTASIA BLVD

	  	
ST AUGUSTINE,  FL 32084

	
Owned

	  	
1102

	  	
09/24/1976

	  	
Alachua

	  	
5708 NW 34TH ST

	  	
GAINESVILLE,  FL 32653

	
Owned

	  	
1106

	  	
11/18/1976

	  	
Alachua

	  	
203 NE 39TH AVE

	  	
GAINESVILLE,  FL 32609

	
Owned

	  	
1119

	  	
08/23/1977

	  	
Alachua

	  	
16130- 10 N.W.  US HWY 441

	  	
ALACHUA,  FL 32615

	
Owned

	  	
1127

	  	
08/03/1978

	  	
Duval

	  	
953 NEW BERLIN RD

	  	
JACKSONVILLE,  FL 32218

	
Owned

	  	
1132

	  	
02/15/1979

	  	
Duval

	  	
9750 OLD ST AUGUSTINE RD

	  	
JACKSONVILLE,  FL 32257

	
Owned

	  	
1158

	  	
09/17/1981

	  	
Duval

	  	
1005 EDGEWOOD AVE, S

	  	
JACKSONVILLE,  FL 32205

	
Owned

	  	
1172

	  	
01/06/1983

	  	
Clay

	  	
2468 BLANDING BLVD

	  	
MIDDLEBURG,  FL 32068

	
Owned

	  	
1195

	  	
08/09/1984

	  	
Duval

	  	
4525 SUNBEAM RD

	  	
JACKSONVILLE,  FL 32257

	
Owned

	  	
1202

	  	
03/14/1985

	  	
Alachua

	  	
14411 N.W.  US HIGHWAY 441

	  	
ALACHUA,  FL 32615

	
Owned

	  	
1205

	  	
06/13/1985

	  	
Osceola

	  	
101 BUENAVENTURA BLVD

	  	
KISSIMMEE,  FL 34743

	
Owned

	  	
1208

	  	
06/20/1985

	  	
Duval

	  	
5408 MAIN STREET

	  	
JACKSONVILLE,  FL 32208

	
Owned

	  	
1220

	  	
12/04/1986

	  	
Alachua

	  	
7404 NE WALDO RD

	  	
GAINESVILLE,  FL 32609

	
Owned

	  	
1223

	  	
03/12/1987

	  	
Alachua

	  	
5200 NE WALDO RD

	  	
GAINESVILLE,  FL 32609

	
Owned

	  	
1226

	  	
02/19/1987

	  	
Seminole

	  	
7499 SR 427

	  	
SANFORD,  FL 32773

	
Owned

	  	
1227

	  	
05/03/1987

	  	
Orange

	  	
18359 E COLONIAL DR

	  	
ORLANDO,  FL 32820

	
Owned

	  	
1228

	  	
05/03/1987

	  	
Clay

	  	
3075 HWY 17

	  	
GREEN COVE SPRINGS,  FL 32

	
Owned

	  	
1229

	  	
05/28/1987

	  	
Flagler

	  	
4850 E HIGHWAY 100

	  	
FLAGLER BEACH,  FL 32136

	
Owned

	  	
1231

	  	
08/06/1987

	  	
Duval

	  	
3605 ST JOHN'S BLUFF RD

	  	
JACKSONVILLE,  FL 32224

	
Owned

	  	
1233

	  	
02/03/1988

	  	
Flagler

	  	
500 E MOODY STREET

	  	
BUNNELL,  FL 32110

	
Owned

	  	
1236

	  	
02/18/1988

	  	
Osceola

	  	
4301 13TH STREET

	  	
ST CLOUD,  FL 34769

	
Owned

	  	
1237

	  	
03/11/1988

	  	
Man" on

	  	
3232 W SILVER SPGS BLVD

	  	
OCALA,  FL 34475

	
Owned

	  	
1238

	  	
04/21/1988

	  	
Marion

	  	
14780 NE HWY 315

	  	
FT MCCOY,  FL 32134

	
Owned

	  	
1239

	  	
04/14/1988

	  	
Osceola

	  	
1700 N THACKER AVENUE

	  	
KISSIMMEE,  FL 34741

	
Owned

	  	
1240

	  	
04/22/1988

	  	
Orange

	  	
2438 SHADER ROAD

	  	
ORLANDO,  FL 32804

	
Owned

	  	
1242

	  	
08/25/1988

	  	
Marion

	  	
17980 N   US HWY 441

	  	
ORANGE LAKE,  FL 32681

	
Owned

	  	
1244

	  	
07/16/1988

	  	
Seminole

	  	
2095 COUNTY RD 427 N

	  	
LONGWOOD,  FL 32750

	
Owned

	  	
1248

	  	
07/31/1988

	  	
St. Johns

	  	
800 S PONCE DELEON BLVD

	  	
ST AUGUSTINE, FL 32084

	
Owned

	  	
1250

	  	
01/12/1989

	  	
Duval

	  	
5711 BOWDEN ROAD, #1

	  	
JACKSONVILLE,  FL 32216

	
Owned

	  	
1251

	  	
11/16/1988

	  	
Marion

	  	
7676 N US HWY 441

	  	
OCALA, FL 34475

	
Owned

	  	
1253

	  	
12/28/1988

	  	
Duval

	  	
5001 HECKSCHER DR

	  	
JACKSONVILLE,  FL 32226

	
Owned

	  	
1256

	  	
04/05/1989

	  	
Volusia

	  	
1712 DOYLE ROAD

	  	
DELTONA,  FL 32738

	
Owned

	  	
1259

	  	
04/20/1989

	  	
Marion

	  	
12995 N US HWY 441

	  	
CITRA, FL 34475

	
Owned

	  	
1262

	  	
10/12/1989

	  	
Nassau

	  	
551726 US HWY 1

	  	
HILLIARD,  FL 32046

	
Owned

	  	
1263

	  	
09/15/1989

	  	
Volusia

	  	
1380 HOWLAND BLVD

	  	
DELTONA,  FL 32738

	
Owned

	  	
1265

	  	
01/18/1990

	  	
Flagler

	  	
1201 PALM HARBOR PKWY

	  	
PALM COAST,  FL 32137

	
Owned

	  	
1266

	  	
02/15/1990

	  	
Osceola

	  	
1297 SIMPSON RD

	  	
KISSIMMEE,  FL 34744

	
Owned

	  	
1267

	  	
04/12/1990

	  	
Flagler

	  	
#3 KINGSWOOD DR

	  	
PALM COAST,  FL 32137

	
Owned

	  	
1271

	  	
05/24/1991

	  	
Volusia

	  	
1520 N US 1

	  	
ORMOND BEACH,  FL 32174

	
Owned

	  	
1273

	  	
08/15/1991

	  	
Volusia

	  	
2798 ELKCAM BLVD

	  	
DELTONA,  FL 32738

	
Owned

	  	
1276

	  	
01/16/1992

	  	
Orange

	  	
808 CHICKASAW TRAIL,  N

	  	
ORLANDO,  FL 32825

	
Owned

	  	
1277

	  	
04/16/1992

	  	
Seminole

	  	
690 W AIRPORT BLVD

	  	
SANFORD,  FL 32773

	
Owned

	  	
1278

	  	
12/10/1992

	  	
Flagler

	  	
5484 N OCEANSHORE BLVD

	  	
PALM COAST, FL 32137

	
Owned

	  	
1279

	  	
03/30/1995

	  	
St. Johns

	  	
2919 COASTAL HWY

	  	
ST AUGUSTINE,  FL 32095

	
Owned

	  	
1285

	  	
12/22/1994

	  	
Clay

	  	
2816 HENLEY ROAD

	  	
GREEN COVE SPRINGS,  FL 32

	
Owned

	  	
1286

	  	
05/11/1995

	  	
Citrus

	  	
7985 NORTH CITRUS AVE

	  	
CRYSTAL RIVER, FL 34428

	
Owned

	  	
1290

	  	
08/21/1997

	  	
Flagler

	  	
890 PALM COAST PKWY SW

	  	
PALM COAST,  FL 32137

	
Owned

	  	
1291

	  	
10/17/1996

	  	
Brevard

	  	
7290 GEORGE T.EDWARD DR

	  	
MELBOURNE,  FL 32940

  

Page 3

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
1305

	  	
05/02/1998

	  	
Alachua

	  	
2300 E UNIVERSITY AVE

	  	
GAINESVILLE,  FL 32609

	
Owned

	  	
1309

	  	
05/02/1998

	  	
Gilchrist

	  	
705 N MAIN ST

	  	
TRENTON,  FL 32693

	
Owned

	  	
1313

	  	
04/29/1998

	  	
Alachua

	  	
4221 NW 16TH BLVD

	  	
GAINESVILLE, FL 32605

	
Owned

	  	
1322

	  	
09/01/1998

	  	
Baker

	  	
340 E MACCLENNY AVE

	  	
MACCLENNY,  FL 32063

	
Owned

	  	
1323

	  	
09/01/1998

	  	
Clay

	  	
205 S.  LAWRENCE BLVD

	  	
KEYSTONE HEIGHTS,  FL 3265

	
Owned

	  	
2046

	  	
01/28/1999

	  	
Volusia

	  	
1101 DERBYSHIRE

	  	
HOLLY HILL,  FL 32117

	
Owned

	  	
2049

	  	
01/28/1999

	  	
Seminole

	  	
4140 E SR46

	  	
SANFORD,  FL 32771

	
Owned

	  	
2050

	  	
01/28/1999

	  	
Volusia

	  	
1591 DUNLAWTON AVE

	  	
PORT ORANGE,  FL 32119

	
Owned

	  	
2053

	  	
01/28/1999

	  	
Putnam

	  	
1171 HIGHWAY 17S

	  	
SATSUMA,  FL 32189

	
Owned

	  	
2072

	  	
01/28/1999

	  	
Volusia

	  	
239 N.  CENTER STREET

	  	
PIERSON,  FL 32180

	
Owned

	  	
2074

	  	
01/28/1999

	  	
Volusia

	  	
2123 INTERNATIONAL SPEEDW

	  	
DELAND,  FL 32724

	
Owned

	  	
2102

	  	
01/28/1999

	  	
Volusia

	  	
2185 W. STATE ROAD 44

	  	
DELAND,  FL 32720

	
Owned

	  	
2103

	  	
01/28/1999

	  	
Orange

	  	
10 E.  SILVER STAR ROAD

	  	
OCOEE, FL 34761

	
Owned

	  	
2104

	  	
01/28/1999

	  	
Volusia

	  	
1058 N.  US 1

	  	
ORMOND BEACH,  FL 32174

	
Owned

	  	
2105

	  	
01/28/1999

	  	
Marion

	  	
13873 S.E.  HIGHWAY 42

	  	
WEIRSDALE,  FL 32195

	
Owned

	  	
2106

	  	
01/28/1999

	  	
Orange

	  	
8299 SILVER STAR ROAD

	  	
ORLANDO,  FL 32818

	
Owned

	  	
2107

	  	
01/28/1999

	  	
Putnam

	  	
551 S.  SUMMIT STREET

	  	
CRESCENT CITY,  FL 32112

	
Owned

	  	
2108

	  	
01/28/1999

	  	
Lake

	  	
1525 US HWY 27

	  	
CLERMONT,  FL 34711

	
Owned

	  	
2110

	  	
01/28/1999

	  	
Seminole

	  	
5690 WEST SR 46

	  	
SANFORD,  FL 32771

	
Owned

	  	
2111

	  	
01/28/1999

	  	
Brevard

	  	
6004 US HIGHWAY 1

	  	
SCOTTSMOOR,  FL 32775

	
Owned

	  	
2114

	  	
01/28/1999

	  	
Lake

	  	
810 US HWY 27

	  	
MINNEOLA,  FL 34755

	
Owned

	  	
2115

	  	
01/28/1999

	  	
Volusia

	  	
1099 W.INT'L SPEEDWAY BLV

	  	
DELAND,  FL 32720

	
Owned

	  	
2116

	  	
01/28/1999

	  	
orange

	  	
17503 W SR 50

	  	
OAKLAND,  FL 34760

	
Owned

	  	
2117

	  	
01/28/1999

	  	
Putnam

	  	
241 S. HIGHWAY 17

	  	
EAST PALATKA,  FL 32131

	
Owned

	  	
2118

	  	
01/28/1999

	  	
Lake

	  	
24425 SR 44

	  	
EUSTIS,  FL 32736

	
Owned

	  	
2119

	  	
01/28/1999

	  	
citrus

	  	
8486 N.  CARL G.  ROSE HWY

	  	
HERNANDO,  FL 34442

	
Owned

	  	
2120

	  	
01/28/1999

	  	
Marion

	  	
14870 S US HIGHWAY 441

	  	
SUMMERFIELD,  FL 34491

	
Owned

	  	
2122

	  	
04/22/1999

	  	
Marion

	  	
3550 N US HIGHWAY 441

	  	
OCALA, FL 34475

	
Owned

	  	
2123

	  	
01/28/1999

	  	
Marion

	  	
6155 SW HIGHWAY 200

	  	
OCALA,  FL 34476

	
Owned

	  	
2125

	  	
02/04/1999

	  	
Polk

	  	
45489 US HWY 27

	  	
DAVENPORT,  FL 33837

	
Owned

	  	
2157

	  	
01/28/1999

	  	
Putnam

	  	
440 CR 309

	  	
WELAKA,  FL 32193

	
Owned

	  	
2184

	  	
01/28/1999

	  	
Volusia

	  	
1022 E.  NEW YORK AVE

	  	
DELAND,  FL 32724

	
Owned

	  	
2207

	  	
01/28/1999

	  	
orange

	  	
12390 E.  COLONIAL DR

	  	
ORLANDO,  FL 32826

	
Owned

	  	
2209

	  	
01/28/1999

	  	
Polk

	  	
101 POLO PARK BLVD E

	  	
DAVENPORT,  FL 33837

	
Owned

	  	
2234

	  	
01/28/1999

	  	
Volusia

	  	
1701 N. VOLUSIA AVE

	  	
ORANGE CITY,  FL 32763

	
Owned

	  	
2235

	  	
01/28/1999

	  	
Putnam

	  	
624 S STATE ROAD 19 N

	  	
PALATKA,  FL 32177

	
Owned

	  	
2236

	  	
01/28/1999

	  	
Brevard

	  	
2498 TURPENTINE RD

	  	
MIMS,  FL 32754

	
Owned

	  	
2258

	  	
01/28/1999

	  	
Volusia

	  	
1717 S US 17

	  	
BARBERVILLE,  FL 32105

	
Owned

	  	
2271

	  	
01/28/1999

	  	
Volusia

	  	
1695 N. US 17

	  	
SEVILLE,  FL 32190

	
Owned

	  	
2291

	  	
01/28/1999

	  	
St. Johns

	  	
6750 US1 SOUTH

	  	
ST AUGUSTINE,  FL 32086

	
Owned

	  	
2292

	  	
01/28/1999

	  	
Lake

	  	
7609 US 441

	  	
LEESBURG,  FL 34748

	
Owned

	  	
2314

	  	
01/28/1999

	  	
Marion

	  	
10143 SE SUNSET HARBOR RD

	  	
SUMMERFIELD,  FL 34491

	
Owned

	  	
2321

	  	
01/28/1999

	  	
Marion

	  	
13002 NE JACKSONVILLE ROA

	  	
SPARR,  FL 32192

	
Owned

	  	
2322

	  	
01/28/1999

	  	
Marion

	  	
15877 E HWY 40

	  	
SILVER SPRINGS,  FL 34488

	
Owned

	  	
2326

	  	
01/28/1999

	  	
Marion

	  	
12475 NW GAINESVILLE RD

	  	
LOWELL,  FL 32663

	
Owned

	  	
2328

	  	
01/28/1999

	  	
Marion

	  	
1940 SE 58TH AVENUE

	  	
OCALA,  FL 34471

	
Owned

	  	
2329

	  	
01/28/1999

	  	
Putnam

	  	
902 SR 20

	  	
INTERLACHEN,  FL 32148

	
Owned

	  	
2332

	  	
01/28/1999

	  	
Lake

	  	
10030 CR 44

	  	
LEESBURG,  FL 34788

	
Owned

	  	
2334

	  	
01/28/1999

	  	
Orange

	  	
4914 ROCK SPRINGS ROAD

	  	
APOPKA,  FL 32712

	
Owned

	  	
2403

	  	
01/28/1999

	  	
Lake

	  	
23932 SR46 (SORRENTO AVE)

	  	
SORRENTO,  FL 32776

	
Owned

	  	
2404

	  	
01/28/1999

	  	
Orange

	  	
1252 S. APOPKA BLVD

	  	
APOPKA,  FL 32703

	
Owned

	  	
2405

	  	
01/28/1999

	  	
Marion

	  	
225 NE 28TH AVE

	  	
OCALA,  FL 34471

  

Page 4

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
2406

	  	
01/28/1999

	  	
Seminole

	  	
4181 ORANGE BLVD

	  	
LAKE MONROE,  FL 32747

	
Owned

	  	
2408

	  	
01/28/1999

	  	
Volusia

	  	
3930 SR 44

	  	
NEW SMYRNA BEACH,  FL 3216

	
Owned

	  	
2416

	  	
01/28/1999

	  	
Alachua

	  	
6905 NE HWY 301

	  	
HAWTHORNE,  FL 32640

	
Owned

	  	
2419

	  	
01/28/1999

	  	
Volusia

	  	
446 S LAKEVIEW DRIVE

	  	
LAKE HELEN,  FL 32744

	
Owned

	  	
2426

	  	
01/28/1999

	  	
Putnam

	  	
519 N.  SUMMIT STREET

	  	
CRESCENT CITY,  FL 32112

	
Owned

	  	
2430

	  	
01/28/1999

	  	
Volusia

	  	
905 S SPRING GARDEN AVE

	  	
DELAND,  FL 32720

	
Owned

	  	
2483

	  	
01/28/1999

	  	
Seminole

	  	
905 SR 434

	  	
ALTAMONTE SPRINGS,  FL 327

	
Owned

	  	
2502

	  	
01/28/1999

	  	
Seminole

	  	
1000 LOCWOOD BLVD

	  	
OVIEDO,  FL 32765

	
Owned

	  	
2503

	  	
01/28/1999

	  	
Lake

	  	
2101 SR 19

	  	
TAVARES,  FL 32778

	
Owned

	  	
2504

	  	
01/28/1999

	  	
Orange

	  	
10001 LAKE UNDERHILL DR

	  	
ORLANDO,  FL 32825

	
Owned

	  	
2505

	  	
01/28/1999

	  	
Volusia

	  	
399 S US 17/92

	  	
DEBARY,  FL 32713

	
Owned

	  	
2548

	  	
01/28/1999

	  	
Bradford

	  	
11735 SW SR 231

	  	
BROOKER, FL 32622

	
Owned

	  	
2574

	  	
01/28/1999

	  	
Volusia

	  	
1520 SR 40

	  	
ORMOND BEACH,  FL 32174

	
Owned

	  	
2575

	  	
01/28/1999

	  	
Lake

	  	
100 MILLER STREET

	  	
FRUITLAND PARK,  FL 34731

	
Owned

	  	
2576

	  	
01/28/1999

	  	
St. Johns

	  	
1115 A1A BEACH BLVD

	  	
ST AUGUSTINE BEACH,  FL 32

	
Owned

	  	
2655

	  	
01/28/1999

	  	
Seminole

	  	
135 E.  SR 46

	  	
GENEVA,  FL 32732

	
Owned

	  	
2777

	  	
01/28/1999

	  	
Putnam

	  	
1777 HIGHWAY 17S

	  	
POMONA PARK,  FL 32181

	
Owned

	  	
2798

	  	
01/28/1999

	  	
Lake

	  	
2999 W. MAIN STREET

	  	
LEESBURG,  FL 34748

	
Owned

	  	
2800

	  	
01/28/1999

	  	
Lake

	  	
8049 SR 48

	  	
YALAHA,  FL 34797

	
Owned

	  	
2802

	  	
01/28/1999

	  	
Putnam

	  	
2803 SILVER LAKE DRIVE

	  	
PALATKA,  FL 32177

	
Owned

	  	
2804

	  	
01/28/1999

	  	
Lake

	  	
391 N.  CENTRAL AVENUE

	  	
UMATILLA,  FL 32784

	
Owned

	  	
2805

	  	
01/28/1999

	  	
Orange

	  	
400 FRANKLIN STREET

	  	
OCOEE, FL 34761

	
Owned

	  	
2806

	  	
01/28/1999

	  	
Volusia

	  	
320 N. SR 415

	  	
OSTEEN,  FL 32764

	
Owned

	  	
2904

	  	
01/28/1999

	  	
Volusia

	  	
2095 E.  NEW YORK AVENUE

	  	
DELAND,  FL 32724

	
Owned

	  	
2908

	  	
01/28/1999

	  	
Marion

	  	
8664 SW 103RD STREET RD

	  	
OCALA,  FL 34481

	
Owned

	  	
2910

	  	
01/28/1999

	  	
Volusia

	  	
601 BEVILLE ROAD

	  	
S. DAYTONA,  FL 32119

	
Owned

	  	
3012

	  	
07/02/1998

	  	
CUMBERLAND

	  	
901 MCARTHUR ROAD

	  	
FAYETTEVILLE,  NC 28306

	
Owned

	  	
3255

	  	
07/22/1999

	  	
Richmond

	  	
3477 WRIGHTSBORO RD

	  	
AUGUSTA, GA 30909

	
Owned

	  	
3260

	  	
07/22/1999

	  	
LEXINGTON

	  	
1900 BUSH RIVER ROAD

	  	
COLUMBIA,  SC 29210

	
Owned

	  	
3265

	  	
07/22/1999

	  	
Columbia

	  	
440 SOUTH BELAIR RD

	  	
AUGUSTA, GA 30909

	
Owned

	  	
3291

	  	
07/22/1999

	  	
SPARTANBURG

	  	
2204 CHESNEE HWY

	  	
SPARTANBURG, SC 29303

	
Owned

	  	
3295

	  	
07/22/1999

	  	
CHEROKEE

	  	
862 WINDSLOW AVE

	  	
GAFFNEY, SC 29341

	
Owned

	  	
3313

	  	
11/11/1999

	  	
Habersham

	  	
3951 STATE HWY 365

	  	
ALTO, GA 30510

	
Owned

	  	
3340

	  	
11/11/1999

	  	
white

	  	
78 S.  MAIN STREET

	  	
CLEVELAND,  GA 30528

	
Owned

	  	
3406

	  	
06/29/2000

	  	
CHEROKEE

	  	
100 SHELBY HWY

	  	
GAFFNEY, SC 29340

	
Owned

	  	
3451

	  	
12/21/2000

	  	
QUACHITA

	  	
4320 DESIARD

	  	
MONROE,  LA 71201

	
Owned

	  	
3493

	  	
10/16/2003

	  	
HAMILTON

	  	
3200 REDDING ROAD

	  	
RED BANK, TN 37415

	
Owned

	  	
3507

	  	
10/16/2003

	  	
Walker

	  	
118 KAY CONLEY ROAD

	  	
ROCK SPRINGS,  GA 30739

	
Owned

	  	
3509

	  	
10/16/2003

	  	
Walker

	  	
728 PARK CITY RD.

	  	
ROSSVILLE, GA 30741

	
Owned

	  	
3520

	  	
10/16/2003

	  	
Chattooga

	  	
11134 HWY. 27

	  	
SUMMERVILLE,  GA 30747

	
Owned

	  	
3522

	  	
10/16/2003

	  	
Floyd

	  	
3129 MAPLE STREET

	  	
LINDALE,  GA 30147

	
Owned

	  	
3525

	  	
10/16/2003

	  	
Whitfield

	  	
201 CARBONDALE RD.  SW

	  	
DALTON, GA 30720

	
Owned

	  	
3530

	  	
10/16/2003

	  	
Whitfield

	  	
1321 DUG GAP ROAD

	  	
DALTON,  GA 30720

	
Owned

	  	
3534

	  	
10/16/2003

	  	
walker

	  	
1111 NORTH MAIN ST.

	  	
LAFAYETTE,  GA 30728

	
Owned

	  	
3572

	  	
10/16/2003

	  	
HAMILTON

	  	
4858 HWY.  58

	  	
CHATTANOOGA, TN 37416

	
Owned

	  	
3591

	  	
10/16/2003

	  	
MARION

	  	
1200 SOUTH CEDAR

	  	
SOUTH PITTSBURG, TN 37380

	
Owned

	  	
3600

	  	
10/16/2003

	  	
MCMINN

	  	
230 TENNESSEE AVE.

	  	
ETOWAH, TN 37331

	
Owned

	  	
3603

	  	
10/16/2003

	  	
BRADLEY

	  	
1700 HARRISON PIKE

	  	
CLEVELAND, TN 37311

	
Owned

	  	
3633

	  	
12/16/2004

	  	
WAKE

	  	
2105 TEN TEN ROAD

	  	
APEX, NC 27539

	
Owned

	  	
3697

	  	
08/18/2005

	  	
Cheasapeake

	  	
1001 GEORGE WASHINGTON

	  	
CHESAPEAKE,  VA 23323

	
Owned

	  	
3699

	  	
08/18/2005

	  	
Suffolk

	  	
1125 WILROY RD.

	  	
SUFFOLK, VA 23434

	
Owned

	  	
3701

	  	
08/18/2005

	  	
Suffolk

	  	
819 W. WASHINGTON ST.

	  	
SUFFOLK, VA 23434

  

Page 5

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
3704

	  	
08/18/2005

	  	
York

	  	
115 OTTIS ST.

	  	
YORKTOWN, VA 23693

	
Owned

	  	
3705

	  	
08/18/2005

	  	
WYTHE

	  	
2622 E LEE HWY

	  	
WYTHEVILLE, VA 24382

	
Owned

	  	
3706

	  	
08/18/2005

	  	
WYTHE

	  	
1020 PEPPERS FERRY RD.

	  	
WYTHEVILLE, VA 24382

	
Owned

	  	
3710

	  	
08/18/2005

	  	
WYTHE

	  	
1682 LEAD MINE RD.

	  	
AUSTINVILLE, VA 24312

	
Owned

	  	
3711

	  	
08/18/2005

	  	
Pulaski

	  	
5149 STATE PARK RD.

	  	
DUBLIN, VA 24084

	
Owned

	  	
3719

	  	
08/18/2005

	  	
Henry

	  	
1560 VIRGINIA AVE.

	  	
MARTINSVILLE, VA 24112

	
Owned

	  	
3735

	  	
10/20/2005

	  	
SPARTANBURG

	  	
1706 BOILING SPRINGS RD

	  	
SPARTANBURG, SC 29301

	
Owned

	  	
3800

	  	
05/11/2006

	  	  	  	
821 GREEN SPRINGS HWY.

	  	
HOMEWOOD, AL 35209

	
Owned

	  	
3803

	  	
05/11/2006

	  	  	  	
6408 OLD SPRINGVILLE RD.

	  	
PINSON, AL 35126

	
Owned

	  	
3804

	  	
05/11/2006

	  	  	  	
301 ROBERT JEMISON RD.

	  	
BIRMINGHAM, AL 35209

	
Owned

	  	
3807

	  	
05/11/2006

	  	
Shelby

	  	
2112 BUTLER RD.

	  	
ALABASTER, AL 35007

	
Owned

	  	
3812

	  	
05/11/2006

	  	  	  	
232 ROEBUCK PLAZA DR.

	  	
BIRMINGHAM, AL 35206

	
Owned

	  	
3814

	  	
05/11/2006

	  	  	  	
2803 PINSON VALLEY PARKWA

	  	
BIRMINGHAM, AL 35217

	
Owned

	  	
3815

	  	
05/11/2006

	  	  	  	
7994 HELENA ROAD

	  	
PELHAM,  AL 35124

	
Owned

	  	
3816

	  	
05/11/2006

	  	
Shelby

	  	
1107A TOWNHOUSE RD.

	  	
HELENA, AL 35080

	
Owned

	  	
3818

	  	
05/11/2006

	  	  	  	
1685 MONTCLAIR RD.

	  	
BIRMINGHAM,  AL 35210

	
Owned

	  	
3820

	  	
05/11/2006

	  	  	  	
7701 1ST AVE.  NORTH

	  	
BIRMINGHAM,  AL 35206

	
Owned

	  	
3822

	  	
05/11/2006

	  	  	  	
830 9TH AVE. NORTH

	  	
BESSEMER,  AL 35010

	
Owned

	  	
3826

	  	
05/11/2006

	  	  	  	
1139 MARTIN LUTHER KING E

	  	
ANDALUSIA,  AL 36420

	
Owned

	  	
3828

	  	
05/11/2006

	  	  	  	
9401 PARKWAY EAST

	  	
BIRMINGHAM,  AL 35215

	
Owned

	  	
3829

	  	
05/11/2006

	  	  	  	
4970 MONTGOMERY HWY

	  	
DOTHAN,  AL 36303

	
Owned

	  	
3830

	  	
05/11/2006

	  	  	  	
716 SOUTH MEMORIAL DR.

	  	
PRATTVILLE,  AL 36067

	
Owned

	  	
3833

	  	
05/11/2006

	  	  	  	
998 ACADEMY DR.

	  	
BESSEMER,  AL 35022

	
Owned

	  	
3834

	  	
05/11/2006

	  	  	  	
603 BESSEMER RD.

	  	
MIDFIELD, AL 35228

	
Owned

	  	
3836

	  	
05/11/2006

	  	  	  	
1050 SOUTH MAIN ST

	  	
GRAYSVILLE, AL 35073

	
Owned

	  	
3840

	  	
08/10/2006

	  	
MOORE

	  	
170 BEVERLY LANE

	  	
SOUTHERN PINES, NC 28387

	
Owned

	  	
3936

	  	
04/05/2007

	  	
MECKLENBURG

	  	
2701 GRAHAM STREET

	  	
CHARLOTTE,  NC 28269

	
Owned

	  	
3937

	  	
04/05/2007

	  	
MECKLENBURG

	  	
2301 BEATIES FORD ROAD

	  	
CHARLOTTE, NC 28216

	
Owned

	  	
3942

	  	
04/05/2007

	  	
MECKLENBURG

	  	
100 S.  POLK STREET

	  	
PINEVILLE,  NC 28134

	
Owned

	  	
3959

	  	
04/05/2007

	  	
CHEROKEE

	  	
1711 FLOYD BAKER BLVD.

	  	
GAFFNEY, SC 29341

	
Owned

	  	
3983

	  	
04/05/2007

	  	
UNION

	  	
1692 W.  FRANKLIN ST.

	  	
MONROE,  NC 28112

	
Owned

	  	
3986

	  	
04/05/2007

	  	
UNION

	  	
2226 LANCASTER AVE.

	  	
MONROE, NC 28112

	
Owned

	  	
6009

	  	
04/14/1983

	  	
Putnam

	  	
400 SR 26

	  	
MELROSE,  FL 32666

	
Owned

	  	
6019

	  	
09/28/1983

	  	
Clay

	  	
2000 STATE ROAD 16W

	  	
GREEN COVE SPRINGS,  FL 32

	
Owned

	  	
6020

	  	
08/29/1971

	  	
Nassau

	  	
1015 ATLANTIC BLVD

	  	
FERNANDINA BEACH,  FL 3203

	
Owned

	  	
6034

	  	
04/14/1973

	  	
Clay

	  	
102 SUZANNE AVE

	  	
ORANGE PARK,  FL 32073

	
Owned

	  	
6038

	  	
04/23/1985

	  	
Duval

	  	
7992 NORMANDY BLVD

	  	
JACKSONVILLE,  FL 32221

	
Owned

	  	
6039

	  	
08/11/1983

	  	
Duval

	  	
4024 SOUTHSIDE BLVD

	  	
JACKSONVILLE,  FL 32216

	
Owned

	  	
6042

	  	
06/22/1973

	  	
Clay

	  	
2584 SR 220

	  	
DOCTORS INLET,  FL 32030

	
Owned

	  	
6051

	  	
10/10/1985

	  	
Bradford

	  	
2652 S E STATE RD 21

	  	
MELROSE,  FL 32666

	
Owned

	  	
6058

	  	
05/14/1975

	  	
Alachua

	  	
5420 W SR 235 (P.O. BOX 2

	  	
LACROSSE,  FL 32658

	
Owned

	  	
6059

	  	
07/03/1975

	  	
Alachua

	  	
1516 SE 4TH ST

	  	
GAINESVILLE,  FL 32641

	
Owned

	  	
6070

	  	
06/24/1976

	  	
Marion

	  	
16991 EAST HIGHWAY 40

	  	
SILVER SPRINGS,  FL 34488

	
Owned

	  	
6073

	  	
10/21/1976

	  	
Duval

	  	
8181 103RD ST

	  	
JACKSONVILLE,  FL 32210

	
Owned

	  	
6079

	  	
07/14/1977

	  	
Lake

	  	
24421 SR 40/BOX 336

	  	
ASTOR,  FL 32102

	
Owned

	  	
6081

	  	
07/22/1977

	  	
Volusia

	  	
4622 S CLYDE MORRIS BLVD

	  	
PORT ORANGE,  FL 32119

	
Owned

	  	
6082

	  	
08/12/1977

	  	
Volusia

	  	
1379 BEVILLE RD

	  	
DAYTONA BEACH,  FL 32119

	
Owned

	  	
6084

	  	
01/20/1978

	  	
St. Johns

	  	
1790 SR 13

	  	
JACKSONVILLE,  FL 32259

	
Owned

	  	
6094

	  	
03/23/1978

	  	
Brevard

	  	
3164 MAIN ST, W

	  	
MIMS,  FL 32754

	
Owned

	  	
6109

	  	
10/12/1978

	  	
Nassau

	  	
540251 US HIGHWAY 1

	  	
CALLAHAN,  FL 32011

	
Owned

	  	
6116

	  	
12/19/1978

	  	
Duval

	  	
13434 OLD ST AUGUSTINE RD

	  	
JACKSONVILLE,  FL 32258

	
Owned

	  	
6118

	  	
08/04/1981

	  	
St. Johns

	  	
2800 US 1, S

	  	
ST AUGUSTINE,  FL 32086

  

Page 6

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
6120

	  	
09/13/1979

	  	
Pasco

	  	
15434 HWY 19,  N

	  	
HUDSON,  FL 34667

	
Owned

	  	
6128

	  	
04/10/1980

	  	
Brevard

	  	
6155 N COURTENAY

	  	
MERRITT ISLAND,  FL 32953

	
Owned

	  	
6130

	  	
01/31/1980

	  	
Duval

	  	
8838 ATLANTIC BLVD

	  	
JACKSONVILLE,  FL 32211

	
Owned

	  	
6131

	  	
03/06/1980

	  	
Brevard

	  	
4001 N WICKHAM RD

	  	
MELBOURNE,  FL 32935

	
Owned

	  	
6145

	  	
01/13/1982

	  	
Brevard

	  	
7175 HWY 1 N

	  	
COCOA,  FL 32927

	
Owned

	  	
6149

	  	
06/10/1982

	  	
Brevard

	  	
701 S PARK AVENUE

	  	
TITUSVILLE,  FL 32780

	
Owned

	  	
6150

	  	
05/05/1982

	  	
Volusia

	  	
2460 OCEAN SHORE BLVD

	  	
ORMOND BEACH,  FL 32176

	
Owned

	  	
6152

	  	
05/19/1982

	  	
Duval

	  	
1092 S MCDUFF AVENUE

	  	
JACKSONVILLE,  FL 32205

	
Owned

	  	
6155

	  	
11/18/1982

	  	
Orange

	  	
4252 S ORANGE BLOSSOM TR

	  	
ORLANDO,  FL 32839

	
Owned

	  	
6156

	  	
01/05/1983

	  	
Brevard

	  	
3990 LAKE DRIVE

	  	
COCOA,  FL 32926

	
Owned

	  	
6157

	  	
01/20/1983

	  	
orange

	  	
808 S PARK AVENUE

	  	
APOPKA,  FL 32703

	
Owned

	  	
6158

	  	
01/27/1983

	  	
Nassau

	  	
1403 LEWIS STREET

	  	
FERNANDINA BEACH,  FL 3203

	
Owned

	  	
6159

	  	
01/13/1983

	  	
Duval

	  	
8804 LONE STAR RD

	  	
JACKSONVILLE,  FL 32211

	
Owned

	  	
6160

	  	
03/09/1983

	  	
Duval

	  	
1310 S 3RD ST

	  	
JACKSONVILLE BEACH,  FL 32

	
Owned

	  	
6161

	  	
03/17/1983

	  	
Alachua

	  	
45 SW 250TH ST

	  	
NEWBERRY,  FL 32669

	
Owned

	  	
6163

	  	
08/10/1983

	  	
Duval

	  	
1001 N LANE AVENUE

	  	
JACKSONVILLE,  FL 32254

	
Owned

	  	
6165

	  	
05/04/1983

	  	
Orange

	  	
11205 S ORG BLOSSOM TR

	  	
ORLANDO,  FL 32837

	
Owned

	  	
6167

	  	
09/18/1983

	  	
Volusia

	  	
1150 OCEAN SHORE BLVD

	  	
ORMOND BEACH,  FL 32176

	
Owned

	  	
6168

	  	
10/13/1983

	  	
Volusia

	  	
2625 BEVILLE RD

	  	
DAYTONA BEACH,  FL 32119

	
Owned

	  	
6169

	  	
01/04/1984

	  	
Duval

	  	
14376 BEACH BLVD

	  	
JACKSONVILLE, FL 32224

	
Owned

	  	
6175

	  	
05/12/1983

	  	
Baker

	  	
584 SIXTH ST

	  	
MACCLENNY,  FL 32063

	
Owned

	  	
6183

	  	
11/10/1983

	  	
Citrus

	  	
743 HIGHWAY 41 SOUTH

	  	
INVERNESS,  FL 34450

	
Owned

	  	
6195

	  	
11/29/1984

	  	
Pasco

	  	
6226 ROWAN RD

	  	
NEW PORT RICHEY,  FL 34653

	
Owned

	  	
6210

	  	
03/07/1985

	  	
Brevard

	  	
1060 EMERSON DR NE

	  	
PALM BAY,  FL 32907

	
Owned

	  	
6229

	  	
12/19/1985

	  	
Brevard

	  	
2595 EMERSON DRIVE

	  	
PALM BAY,  FL 32909

	
Owned

	  	
6236

	  	
08/07/1985

	  	
Duval

	  	
1209 MONUMENT RD

	  	
JACKSONVILLE,  FL 32225

	
Owned

	  	
6249

	  	
05/01/1985

	  	
St. Johns

	  	
70 MASTERS DRIVE

	  	
ST AUGUSTINE,  FL 32095

	
Owned

	  	
6262

	  	
07/17/1985

	  	
Nassau

	  	
3331 S FLETCHER AVE

	  	
FERNANDINA BEACH,  FL 3203

	
Owned

	  	
6267

	  	
11/07/1985

	  	
clay

	  	
338 COLLEGE DR

	  	
ORANGE PARK,  FL 32065

	
Owned

	  	
6271

	  	
05/08/1986

	  	
Duval

	  	
4815 SAN PABLO RD

	  	
JACKSONVILLE,  FL 32224

	
Owned

	  	
6272

	  	
01/22/1986

	  	
Putnam

	  	
543 SOUTH HWY 17

	  	
SAN MATEO,  FL 32187

	
Owned

	  	
6273

	  	
02/13/1986

	  	
Duval

	  	
1839 8TH ST,  E

	  	
JACKSONVILLE,  FL 32206

	
Owned

	  	
6274

	  	
06/04/1986

	  	
Levy

	  	
4 HIGHWAY 19 SOUTH

	  	
INGLIS,  FL 34449

	
Owned

	  	
6279

	  	
03/13/1987

	  	
Citrus

	  	
6296 W GULF TO LAKE HWY

	  	
CRYSTAL RIVER,  FL 34429

	
Owned

	  	
6282

	  	
04/23/1987

	  	
Seminole

	  	
495 PEARL LAKE CAUSEWAY

	  	
ALTAMONTE SPRINGS,  FL 327

	
Owned

	  	
6283

	  	
09/11/1986

	  	
Pasco

	  	
6618 EMBASSY BLVD

	  	
PORT RICHEY,  FL 34668

	
Owned

	  	
6284

	  	
05/15/1986

	  	
Nassau

	  	
1484 NASSAUVILLE RD

	  	
FERNANDINA BEACH,  FL 3203

	
Owned

	  	
6285

	  	
10/09/1986

	  	
Duval

	  	
2615 ST JOHNS BLUFF S

	  	
JACKSONVILLE,  FL 32246

	
Owned

	  	
6286

	  	
06/06/1986

	  	
Clay

	  	
4486 CR 218, W

	  	
MIDDLEBURG, FL 32068

	
Owned

	  	
6288

	  	
03/05/1987

	  	
Hernando

	  	
999 NORTH BROAD STREET

	  	
BROOKSVILLE,  FL 34601

	
Owned

	  	
6289

	  	
05/13/1987

	  	
Putnam

	  	
744 S HWY 17

	  	
SATSUMA,  FL 32189

	
Owned

	  	
6290

	  	
08/15/1986

	  	
Clay

	  	
3128 BLANDING BLVD

	  	
MIDDLEBURG,  FL 32068

	
Owned

	  	
6294

	  	
11/14/1986

	  	
Orange

	  	
1515 WURST RD

	  	
OCOEE,  FL 34761

	
Owned

	  	
6295

	  	
01/16/1987

	  	
Clay

	  	
1091 BLANDING BLVD

	  	
ORANGE PARK,  FL 32065

	
Owned

	  	
6296

	  	
01/28/1987

	  	
Duval

	  	
636 S MCDUFF AVE

	  	
JACKSONVILLE,  FL 32205

	
Owned

	  	
6298

	  	
01/23/1987

	  	
Lake

	  	
451 W MYERS

	  	
MASCOTTE,  FL 34753

	
Owned

	  	
6504

	  	
10/23/1986

	  	
Volusia

	  	
807 INDIAN RIVER BLVD

	  	
EDGEWATER,  FL 32132

	
Owned

	  	
6510

	  	
06/10/1987

	  	
Clay

	  	
486 BLANDING BLVD

	  	
ORANGE PARK,  FL 32073

	
Owned

	  	
6511

	  	
07/01/1987

	  	
Volusia

	  	
799 BILL FRANCE DRIVE

	  	
DAYTONA BEACH,  FL 32114

	
Owned

	  	
6512

	  	
09/25/1987

	  	
Hernando

	  	
13075 SPRINGHILL DRIVE

	  	
SPRING HILL,  FL 34609

	
Owned

	  	
6513

	  	
09/11/1987

	  	
Brevard

	  	
900 MALABAR ROAD,  SW

	  	
PALM BAY,  FL 32907

	
Owned

	  	
6516

	  	
03/10/1988

	  	
Pasco

	  	
13705 HWY 19

	  	
HUDSON,  FL 34667

  

Page 7

  

 

Store Property Type and Address

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Owned

	  	
6517

	  	
09/18/1987

	  	
Duval

	  	
3051 MONUMENT RD

	  	
JACKSONVILLE,  FL 32225

	
Owned

	  	
6518

	  	
02/18/1988

	  	
Duval

	  	
8735 N KINGS RD

	  	
JACKSONVILLE,  FL 32219

	
Owned

	  	
6519

	  	
12/16/1987

	  	
clay

	  	
804 BLANDING BLVD

	  	
ORANGE PARK,  FL 32065

	
Owned

	  	
6524

	  	
01/19/1989

	  	
Marion

	  	
3873 SW COLLEGE RD

	  	
OCALA, FL 34474

	
Owned

	  	
6527

	  	
05/31/1989

	  	
Alachua

	  	
9404 NW 39TH AVENUE

	  	
GAINESVILLE,  FL 32606

	
Owned

	  	
6528

	  	
11/09/1989

	  	
Brevard

	  	
748 PALM BAY RD,  NE

	  	
PALM BAY,  FL 32905

	
Owned

	  	
6532

	  	
02/22/1989

	  	
orange

	  	
9988 S ORANGE AVE

	  	
ORLANDO,  FL 32824

	
Owned

	  	
6534

	  	
03/01/1989

	  	
Duval

	  	
4856 PARK STREET

	  	
JACKSONVILLE,  FL 32205

	
Owned

	  	
6535

	  	
09/30/1988

	  	
Alachua

	  	
2152 NW 39TH AVE

	  	
GAINESVILLE,  FL 32605

	
Owned

	  	
6537

	  	
03/25/1991

	  	
Putnam

	  	
720 S STATE ROAD 19 (HWY

	  	
PALATKA,  FL 32177

	
Owned

	  	
6542

	  	
01/17/1991

	  	
Brevard

	  	
3088 HARBOR CITY BLVD N

	  	
MELBOURNE,  FL 32935

	
Owned

	  	
6548

	  	
11/20/1991

	  	
Clay

	  	
695 KINGSLEY AVE

	  	
ORANGE PARK,  FL 32073

	
Owned

	  	
6549

	  	
01/30/1992

	  	
Brevard

	  	
2200 S FISKE BOULEVARD

	  	
ROCKLEDGE,  FL 32955

	
Leased

	  	
104

	  	
06/06/1982

	  	
DURHAM

	  	
4835 HOPE VALLEY RD

	  	
DURHAM, NC 27707

	
Leased

	  	
131

	  	
08/20/1973

	  	
ROWAN

	  	
513 MAIN STREET

	  	
CHINA GROVE, NC 28023

	
Leased

	  	
141

	  	
01/01/1973

	  	
WATAUGA

	  	
771 BLOWING ROCK RD.

	  	
BOONE, NC 28607

	
Leased

	  	
144

	  	
09/01/1973

	  	
LEE

	  	
200 NORTH MAIN STREET

	  	
BROADWAY,  NC 27505

	
Leased

	  	
146

	  	
01/01/1974

	  	
CLEVELAND

	  	
123 N MAIN ST

	  	
BOILING SPRINGS, NC 28017

	
Leased

	  	
158

	  	
06/12/1975

	  	
IREDELL

	  	
1803 SAFREIT RD

	  	
STATESVILLE,  NC 28625

	
Leased

	  	
164

	  	
07/01/1975

	  	
WATAUGA

	  	
1220 WEST KING ST.

	  	
BOONE,  NC 28607

	
Leased

	  	
174

	  	
06/08/1976

	  	
CHATHAM

	  	
620 WEST STREET

	  	
PITTSBORO,  NC 27312

	
Leased

	  	
219

	  	
03/11/1977

	  	
LEE

	  	
1413 BROADWAY ROAD

	  	
SANFORD, NC 27330

	
Leased

	  	
242

	  	
12/12/1977

	  	
ALLEGHANY

	  	
144 S MAIN ST

	  	
SPARTA, NC 28675

	
Leased

	  	
250

	  	
11/16/1979

	  	
AVERY

	  	
379 SHAWNEEHAW AVE

	  	
BANNER ELK,  NC 28604

	
Leased

	  	
258

	  	
06/26/1979

	  	
LEE

	  	
3000 JEFFERSON DAVIS HWY

	  	
SANFORD, NC 27330

	
Leased

	  	
267

	  	
12/29/1979

	  	
CHATHAM

	  	
1516 E 11TH STREET

	  	
SILER CITY,  NC 27344

	
Leased

	  	
273

	  	
12/21/1979

	  	
HORRY

	  	
3305 N KINGS HWY

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
301

	  	
04/30/1981

	  	
GEORGETOWN

	  	
3730 HWY. 17 BYPASS

	  	
MURRELLS INLET, SC 29576

	
Leased

	  	
303

	  	
10/22/1980

	  	
GASTON

	  	
100 RAKIN ST & S MAIN ST

	  	
MT HOLLY,  NC 28120

	
Leased

	  	
312

	  	
07/25/1981

	  	
IREDELL

	  	
1924 NEWTON DRIVE

	  	
STATESVILLE,  NC 28677

	
Leased

	  	
314

	  	
03/08/1982

	  	
MUHLENBERG

	  	
101 N JOHN PRINE AVE

	  	
DRAKESBORO, KY 42337

	
Leased

	  	
320

	  	
10/31/1981

	  	
WAKE

	  	
3289 AVENT FERRY RD

	  	
RALEIGH,  NC 27606

	
Leased

	  	
336

	  	
02/01/1971

	  	
CUMBERLAND

	  	
5659 BRAGG BLVD.

	  	
FAYETTEVILLE, NC 28304

	
Leased

	  	
338

	  	
03/09/1981

	  	
HORRY

	  	
1001 N 62ND AVE

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
351

	  	
04/16/1981

	  	
CALDWELL

	  	
328 SOUTH JEFFERSON

	  	
PRINCETON, KY 42445

	
Leased

	  	
357

	  	
11/01/1971

	  	
RICHMOND

	  	
104 S.  CHERAW ROAD

	  	
HAMLET,  NC 28345

	
Leased

	  	
358

	  	
05/18/1976

	  	
CUMBERLAND

	  	
6428 CAMDEN ROAD

	  	
FAYETTEVILLE, NC 28306

	
Leased

	  	
382

	  	
05/01/1974

	  	
ORANGE

	  	
HWY 70 EAST BYPASS

	  	
HILLSBOROUGH,  NC 27278

	
Leased

	  	
386

	  	
06/15/1974

	  	
ORANGE

	  	
500 JONES FERRY ROAD

	  	
CARRBORO, NC 27510

	
Leased

	  	
395

	  	
09/10/1981

	  	
CLEVELAND

	  	
3600 W DIXSON BLVD

	  	
SHELBY,  NC 28150

	
Leased

	  	
400

	  	
03/10/1983

	  	
BEAUFORT

	  	
85 POPE AVENUE

	  	
HILTON HEAD ISLAND,  SC 29

	
Leased

	  	
403

	  	
11/19/1981

	  	
HORRY

	  	
2005 BUSINESS HWY 17 &

	  	
GARDEN CITY,  SC 29576

	
Leased

	  	
408

	  	
07/15/1982

	  	
BEAUFORT

	  	
31 ARROW RD

	  	
HILTON HEAD ISLAND,  SC 29

	
Leased

	  	
423

	  	
05/10/1984

	  	
PICKENS

	  	
507 COLLEGE AVE

	  	
CLEMSON,  SC 29631

	
Leased

	  	
424

	  	
12/20/1984

	  	
HORRY

	  	
3400 SOCASTEE BLVD

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
425

	  	
08/10/1984

	  	
HORRY

	  	
1710 21ST AVE NORTH EXT

	  	
MYRTLE BEACH, SC 29577

	
Leased

	  	
426

	  	
05/10/1984

	  	
GUILFORD

	  	
295 EAST PARRIS AVE

	  	
HIGH POINT,  NC 27261

	
Leased

	  	
429

	  	
07/12/1984

	  	
GREENVILLE

	  	
485 HAYWOOD RD

	  	
GREENVILLE, SC 29607

	
Leased

	  	
431

	  	
05/24/1984

	  	
HORRY

	  	
9701 N KINGS HWY

	  	
MYRTLE BEACH, SC 29577

	
Leased

	  	
437

	  	
02/07/1985

	  	
NEW HANOVER

	  	
6759 CAROLINA BEACH RD.

	  	
WILMINGTON,  NC 28409

	
Leased

	  	
438

	  	
12/22/1984

	  	
LEE

	  	
1007 SPRING LANE

	  	
SANFORD,  NC 27330

	
Leased

	  	
440

	  	
01/10/1985

	  	
NEW HANOVER

	  	
6306 CAROLINA BEACH RD

	  	
WILMINGTON, NC 28409

  

Page 8

  

 

Store Property Type and Address

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
441

	  	
10/04/1984

	  	
ALAMANCE

	  	
1013 SOUTH MAIN ST

	  	
GRAHAM,  NC 27253

	
Leased

	  	
444

	  	
04/04/1985

	  	
NEW HANOVER

	  	
3053 CASTLE HAYNE RD.

	  	
WILMINGTON,  NC 28401

	
Leased

	  	
449

	  	
04/16/1985

	  	
HOPKINS

	  	
1350 NORTH MAIN & CHELSEA

	  	
MADISONVILLE, KY 42431

	
Leased

	  	
456

	  	
06/20/1985

	  	
CUMBERLAND

	  	
RT 14    BOX 275F

	  	
FAYETTEVILLE,  NC 28304

	
Leased

	  	
465

	  	
07/17/1985

	  	
HORRY

	  	
999 HWY 17 SOUTH

	  	
SURFSIDE BEACH,  SC 29575

	
Leased

	  	
478

	  	
01/09/1986

	  	
CUMBERLAND

	  	
1525 NORTH BRAGG BLVD

	  	
SPRING LAKE,  NC 28390

	
Leased

	  	
479

	  	
01/29/1986

	  	
HORRY

	  	
1009 THIRD AVE.  SO.

	  	
MYRTLE BEACH, SC 29577

	
Leased

	  	
486

	  	
07/03/1986

	  	
CUMBERLAND

	  	
6605 RAEFORD RD.

	  	
FAYETTEVILLE,  NC 28304

	
Leased

	  	
492

	  	
07/17/1986

	  	  	  	
1206 PALM BLVD

	  	
ISLE OF PALMS,  SC 29451

	
Leased

	  	
499

	  	
12/19/1987

	  	
DORCHESTER

	  	
1365 BOONE HILL RD

	  	
SUMMERVILLE,  SC 29483

	
Leased

	  	
528

	  	
03/05/1973

	  	
LEXINGTON

	  	
2015 STATE ST

	  	
CAYCE, SC 29033

	
Leased

	  	
547

	  	
09/20/1973

	  	
GREENVILLE

	  	
932 N E MAIN ST

	  	
SIMPSONVILLE,  SC 29681

	
Leased

	  	
571

	  	
07/01/1974

	  	
KERSHAW

	  	
2001 JEFFERSON DAVIS HWY

	  	
CAMDEN,  SC 29020

	
Leased

	  	
574

	  	
10/16/1986

	  	
RICHLAND

	  	
2841 BROAD RIVER ROAD

	  	
COLUMBIA, SC 29210

	
Leased

	  	
579

	  	
07/11/1975

	  	
GREENVILLE

	  	
1501 RUTHERFORD RD

	  	
GREENVILLE, SC 29609

	
Leased

	  	
584

	  	
04/26/1976

	  	
RICHLAND

	  	
1200 WHALEY ST

	  	
COLUMBIA, SC 29201

	
Leased

	  	
593

	  	
01/06/1977

	  	
DORCHESTER

	  	
201 W 5TH ST NORTH

	  	
SUMMERVILLE,  SC 29483

	
Leased

	  	
594

	  	
04/01/1977

	  	
DORCHESTER

	  	
1210 CENTRAL AVE

	  	
SUMMERVILLE,  SC 29483

	
Leased

	  	
601

	  	
04/27/1977

	  	
GREENVILLE

	  	
1006    WOODRUFF RD

	  	
GREENVILLE,  SC 29615

	
Leased

	  	
615

	  	
11/18/1978

	  	
COLLETON

	  	
1551 N JEFFRIES RD

	  	
WALTERBORO,  SC 29488

	
Leased

	  	
620

	  	
09/02/1978

	  	
GREENVILLE

	  	
2201 WOODRUFF RD.

	  	
SIMPSONVILLE,  SC 29681

	
Leased

	  	
621

	  	
09/29/1978

	  	
YORK

	  	
101 MAIN ST

	  	
CLOVER,  SC 29710

	
Leased

	  	
626

	  	
09/15/1979

	  	
YORK

	  	
2165 EBENEZER RD &

	  	
ROCK HILL,  SC 29730

	
Leased

	  	
652

	  	
09/01/1978

	  	
HOPKINS

	  	
7050 HANSON ROAD

	  	
HANSON,  KY 42413

	
Leased

	  	
653

	  	
04/26/1971

	  	
HOPKINS

	  	
RT 5 GRAPEVINE & MCLEOD L

	  	
MADISONVILLE,  KY 42431

	
Leased

	  	
657

	  	
07/15/1980

	  	
WEBSTER

	  	
158 US 41 SOUTH

	  	
SEBREE, KY 42455

	
Leased

	  	
659

	  	
08/20/1979

	  	
HOPKINS

	  	
422 CENTER ST

	  	
MADISONVILLE,  KY 42431

	
Leased

	  	
670

	  	
06/27/1979

	  	
CALDWELL

	  	
700 N JEFFERSON

	  	
PRINCETON, KY 42445

	
Leased

	  	
672

	  	
07/12/1984

	  	
MCLEAN

	  	
830 MAIN ST

	  	
CALHOUN, KY 42327

	
Leased

	  	
675

	  	
08/30/1979

	  	
WEBSTER

	  	
RT 3    BOX 125A

	  	
CLAY, KY 42404

	
Leased

	  	
677-

	  	
08/01/1979

	  	
DAVIESS

	  	
2510 TAMARACK RD

	  	
OWENSBORO,  KY 42301

	
Leased

	  	
679

	  	
09/01/1977

	  	
CHRISTIAN

	  	
2175 RUSSELLVILLE RD

	  	
HOPKINSVILLE,  KY 42240

	
Leased

	  	
686

	  	
04/10/1980

	  	
DAVIESS

	  	
2737 W PARRISH AVE

	  	
OWENSBORO,  KY 42301

	
Leased

	  	
698

	  	
09/01/1976

	  	
DAVIESS

	  	
409 CRABTREE

	  	
OWENSBORO, KY 42301

	
Leased

	  	
711

	  	
11/24/1978

	  	
HOPKINS

	  	
20 CHARLESTON RD

	  	
DAWSON SPRINGS, KY 42408

	
Leased

	  	
714

	  	
12/15/1980

	  	
HENDERSON

	  	
1308 ATKINSON ST

	  	
HENDERSON,  KY 42420

	
Leased

	  	
717

	  	
06/01/1978

	  	
HENDERSON

	  	
528 MAIN ST.

	  	
CORYDON,  KY 42406

	
Leased

	  	
727

	  	
06/26/1981

	  	
DAVIESS

	  	
5625 STATE RT 144

	  	
OWENSBORO, KY 42301

	
Leased

	  	
732

	  	
09/01/1978

	  	
WARRICK

	  	
611 W STATE RD 62

	  	
BOONVILLE,  IN 47601

	
Leased

	  	
737

	  	
11/11/1977

	  	
WARRICK

	  	
720 N 3RD ST

	  	
BOONVILLE,  IN 47601

	
Leased

	  	
742

	  	
07/18/1978

	  	
PIKE

	  	
901 N MAIN AND FACTORY

	  	
WINSLOW, IN 47598

	
Leased

	  	
743

	  	
08/15/1977

	  	
PIKE

	  	
2039 E MAIN ST

	  	
PETERSBURG,  IN 47567

	
Leased

	  	
751

	  	
02/28/1981

	  	
VANDERBURGH

	  	
2400 E RIVERSIDE DR

	  	
EVANSVILLE,  IN 47714

	
Leased

	  	
763

	  	
07/27/1979

	  	
CHEATHAM

	  	
545 SOUTH MAIN STREET

	  	
ASHLAND CITY, TN 37015

	
Leased

	  	
775

	  	
08/07/1987

	  	
CHARLESTON

	  	
106 MAIN RD

	  	
JOHNS ISLAND,  SC 29455

	
Leased

	  	
784

	  	
12/15/1986

	  	
IREDELL

	  	
703 N MAIN ST

	  	
MOORESVILLE,  NC 28115

	
Leased

	  	
787

	  	
02/13/1988

	  	
BEAUFORT

	  	
1 GUMTREE RD

	  	
HILTON HEAD ISLAND,  SC 29

	
Leased

	  	
790

	  	
05/27/1988

	  	
HORRY

	  	
658 WACHESAW ROAD

	  	
MURRELLS INLET,  SC 29576

	
Leased

	  	
791

	  	
06/27/1988

	  	
GEORGETOWN

	  	
315 CHURCH ST

	  	
GEORGETOWN, SC 29440

	
Leased

	  	
792

	  	
10/27/1988

	  	
HORRY

	  	
2591 GLENNS BAY RD

	  	
SURFSIDE BEACH,  SC 29575

	
Leased

	  	
795

	  	
02/27/1992

	  	
FORSYTH

	  	
2010 W. MOUNTAIN ST.

	  	
KERNERSVILLE,  NC 27284

	
Leased

	  	
797

	  	
04/27/1989

	  	
CHARLESTON

	  	
2213 ASHLEY PHOSPHATE RD

	  	
NORTH CHARLESTON,  SC 2941

  

Page 9

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
799

	  	
02/08/1989

	  	
PITT

	  	
316 E 10TH STREET

	  	
GREENVILLE, NC 27858

	
Leased

	  	
806

	  	
12/17/1987

	  	
DAVIESS

	  	
RT 1,  5611 HWY 54

	  	
PHILPOT, KY 42366

	
Leased

	  	
807

	  	
12/17/1987

	  	
VANDERBURGH

	  	
5817 STRINGTOWN RD

	  	
EVANSVILLE, IN 47711

	
Leased

	  	
814

	  	
12/17/1987

	  	
VANDERBURGH

	  	
960 S WEINBACH AVE

	  	
EVANSVILLE,  IN 47714

	
Leased

	  	
815

	  	
12/17/1987

	  	
VANDERBURGH

	  	
1650 S KENTUCKY AVE

	  	
EVANSVILLE, IN 47714

	
Leased

	  	
816

	  	
06/28/1989

	  	
WAKE

	  	
1807 HARRISON AVE

	  	
CARY,  NC 27513

	
Leased

	  	
818

	  	
11/02/1989

	  	
ORANGE

	  	
2015 OLD NC 86

	  	
HILLSBOROUGH,  NC 27278

	
Leased

	  	
819

	  	
07/20/1989

	  	
HORRY

	  	
4625 DICK POND RD

	  	
MYRTLE BEACH, SC 29575

	
Leased

	  	
822

	  	
10/19/1989

	  	
RICHLAND

	  	
3416 LEESBURG RD

	  	
COLUMBIA, SC 29209

	
Leased

	  	
823

	  	
10/19/1989

	  	
WAKE

	  	
5801 TRYON RD

	  	
CARY, NC 27511

	
Leased

	  	
825

	  	
06/30/1989

	  	
ONSLOW

	  	
2561 ONSLOW DRIVE

	  	
JACKSONVILLE,  NC 28540

	
Leased

	  	
826

	  	
09/20/1989

	  	
PITT

	  	
4000 S. MEMORIAL DR.

	  	
GREENVILLE, NC 27835

	
Leased

	  	
827

	  	
09/20/1989

	  	
PITT

	  	
2195 S EVANS ST

	  	
GREENVILLE,  NC 27834

	
Leased

	  	
828

	  	
03/01/1990

	  	
MECKLENBURG

	  	
10329 PARK ROAD

	  	
CHARLOTTE, NC 28210

	
Leased

	  	
831

	  	
08/24/1989

	  	
BEDFORD

	  	
1316 MADISON ST

	  	
SHELBYVILLE, TN 37160

	
Leased

	  	
832

	  	
09/20/1989

	  	
PITT

	  	
501 S.  MEMORIAL DRIVE

	  	
GREENVILLE,  NC 27835

	
Leased

	  	
836

	  	
11/09/1989

	  	
DAVIESS

	  	
1816 TRIPLETT ST

	  	
OWENSBORO,  KY 42301

	
Leased

	  	
837

	  	
12/14/1989

	  	
HENDERSON

	  	
197 GARDEN MILE RD

	  	
HENDERSON,  KY 42420

	
Leased

	  	
838

	  	
02/21/1990

	  	
DURHAM

	  	
2503 HWY 55 & RIDDLE ROAD

	  	
DURHAM,  NC 27022

	
Leased

	  	
841

	  	
03/01/1990

	  	
RUTHERFORD

	  	
5022 MURFREESBORO RD

	  	
LA VERGNE, TN 37086

	
Leased

	  	
842

	  	
04/19/1990

	  	
LEXINGTON

	  	
5372 SUNSET BLVD

	  	
LEXINGTON, SC 29072

	
Leased

	  	
845

	  	
04/23/1993

	  	  	  	
9195 UNIVERSITY DRIVE

	  	
NORTH CHARLESTON,  SC 2941

	
Leased

	  	
846

	  	
10/01/1992

	  	
WAKE

	  	
1800 LAURA DUNCAN RD.

	  	
APEX, NC 27502

	
Leased

	  	
848

	  	
06/17/1994

	  	
CHARLESTON

	  	
1786 MAIN ROAD

	  	
JOHNS ISLAND,  SC 29455

	
Leased

	  	
849

	  	
02/23/1995

	  	
RICHLAND

	  	
2101 CLEMSON RD.

	  	
COLUMBIA, SC 29223

	
Leased

	  	
850

	  	
04/05/1995

	  	
WAKE

	  	
100 FACTORY SHOPS RD.

	  	
MORRISVILLE, NC 27560

	
Leased

	  	
851

	  	
10/13/1994

	  	
ALAMANCE

	  	
1110 HUFFMAN MILL RD.

	  	
BURLINGTON, NC 27216

	
Leased

	  	
852

	  	
11/05/1994

	  	
CLEVELAND

	  	
1698 E. MARION ST.

	  	
SHELBY,  NC 28151

	
Leased

	  	
853

	  	
06/15/1995

	  	
HORRY

	  	
2995 10TH AVE.  NO.  EXT.

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
854

	  	
02/08/1995

	  	
WILSON

	  	
1207 FOREST HILLS RD.

	  	
WILSON,  NC 27896

	
Leased

	  	
855

	  	
08/13/1998

	  	
BEAUFORT

	  	
6 PALMETTO BAY ROAD

	  	
HILTON HEAD ISLAND,  SC 29

	
Leased

	  	
858

	  	
08/17/1995

	  	
NEW HANOVER

	  	
1711 EASTWOOD RD.

	  	
WILMINGTON, NC 28405

	
Leased

	  	
859

	  	
09/14/1995

	  	
PITT

	  	
1900 E FIRETOWER

	  	
GREENVILLE,  NC 27834

	
Leased

	  	
860

	  	
09/21/1995

	  	
CABARRUS

	  	
1145 COPPERFIELD BLVD.

	  	
CONCORD, NC 28025

	
Leased

	  	
861

	  	
01/25/1996

	  	
GUILFORD

	  	
3101 YANCEYVILLE STREET

	  	
GREENSBORO,  NC 27402

	
Leased

	  	
862

	  	
11/02/1995

	  	
BEAUFORT

	  	
290 ROBERT SMALLS PARKWAY

	  	
BEAUFORT, SC 29906

	
Leased

	  	
864

	  	
11/08/1996

	  	
GUILFORD

	  	
601 GALLIMORE DAIRY RD

	  	
HIGH POINT, NC 27261

	
Leased

	  	
869

	  	
02/01/1996

	  	
WAKE

	  	
8500 LITCHFORD ROAD

	  	
RALEIGH,  NC 27615

	
Leased

	  	
872

	  	
04/04/1997

	  	
DARE

	  	
1400 SOUTH CROATAN HWY

	  	
KILL DEVIL HILLS,  NC 2794

	
Leased

	  	
873

	  	
04/30/1997

	  	  	  	
2846 HWY 17N

	  	
MOUNT PLEASANT, SC 29464

	
Leased

	  	
874

	  	
04/30/1997

	  	  	  	
404 COLEMAN BVLD.

	  	
MOUNT PLEASANT,  SC 29464

	
Leased

	  	
875

	  	
04/30/1997

	  	  	  	
3689 DORCHESTER RD

	  	
CHARLESTON,  SC 29405

	
Leased

	  	
876

	  	
04/30/1997

	  	
CHARLESTON

	  	
1340 CHUCK DAWLEY BLVD

	  	
MOUNT PLEASANT, SC 29464

	
Leased

	  	
877

	  	
04/30/1997

	  	  	  	
2220 MIDDLE STREET

	  	
SULLIVAN'S ISLAND,  SC 294

	
Leased

	  	
878

	  	
04/30/1997

	  	  	  	
10105 HIGHWAY 17 NORTH

	  	
MCCLELLANVILLE,  SC 29458

	
Leased

	  	
879

	  	
04/30/1997

	  	
BERKELEY

	  	
2391 HIGHWAY 41

	  	
WANDO,  SC 29492

	
Leased

	  	
880

	  	
04/30/1997

	  	  	  	
1805 SAVANNAH HWY

	  	
CHARLESTON, SC 29407

	
Leased

	  	
881

	  	
04/30/1997

	  	  	  	
6303 SAVANNAH HIGHWAY

	  	
RAVENEL,  SC 29470

	
Leased

	  	
882

	  	
04/30/1997

	  	  	  	
5154 N RHETT AVENUE

	  	
CHARLESTON, SC 29406

	
Leased

	  	
883

	  	
04/30/1997

	  	  	  	
6923 RIVERS AVE

	  	
CHARLESTON,  SC 29418

	
Leased

	  	
884

	  	
04/30/1997

	  	
CHARLESTON

	  	
2802 MAYBANK HIGHWAY

	  	
JOHNS ISLAND, SC 29455

	
Leased

	  	
885

	  	
04/30/1997

	  	
CHARLESTON

	  	
503 MAIN ROAD

	  	
JOHNS ISLAND,  SC 29455

  

Page 10

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
886

	  	
04/30/1997

	  	  	  	
4315 SAVANNAH HIGHWAY

	  	
RAVENEL, SC 29470

	
Leased

	  	
887

	  	
04/30/1997

	  	
DORCHESTER

	  	
2895 W.  5TH NORTH ST

	  	
SUMMERVILLE,  SC 29483

	
Leased

	  	
890

	  	
06/12/1997

	  	
PITT

	  	
215 W. 3RD STREET

	  	
AYDEN,  NC 28513

	
Leased

	  	
891

	  	
06/12/1997

	  	
CRAVEN

	  	
7921 MAIN STREET

	  	
VANCEBORO,  NC 28586

	
Leased

	  	
892

	  	
06/12/1997

	  	
ONSLOW

	  	
1505 PINEY GREEN ROAD

	  	
JACKSONVILLE,  NC 28546

	
Leased

	  	
893

	  	
06/12/1997

	  	
PITT

	  	
211 MILL STREET

	  	
WINTERVILLE,  NC 28590

	
Leased

	  	
894

	  	
06/12/1997

	  	
WAYNE

	  	
515 E. NEW HOPE ROAD

	  	
GOLDSBORO,  NC 27530

	
Leased

	  	
895

	  	
06/12/1997

	  	
PITT

	  	
1930 N.  MEMORIAL DRIVE

	  	
GREENVILLE,  NC 27834

	
Leased

	  	
896

	  	
06/12/1997

	  	
ONSLOW

	  	
1070 PINEY GREEN ROAD

	  	
JACKSONVILLE, NC 28546

	
Leased

	  	
898

	  	
06/12/1997

	  	
LENOIR

	  	
1690 HWY 258 N

	  	
KINSTON,  NC 28504

	
Leased

	  	
900

	  	
06/12/1997

	  	
PITT

	  	
4300 EASTERN PINES ROAD

	  	
GREENVILLE,  NC 27858

	
Leased

	  	
901

	  	
06/12/1997

	  	
PITT

	  	
2600 S.  CHARLES ST.

	  	
GREENVILLE, NC 27858

	
Leased

	  	
906

	  	
06/12/1997

	  	
CARTERET

	  	
1501 LIVE OAK ST.

	  	
BEAUFORT,  NC 28516

	
Leased

	  	
907

	  	
05/30/1997

	  	
BEAUFORT

	  	
845 ROBERT SMALLS PARKWAY

	  	
BEAUFORT, SC 29902

	
Leased

	  	
908

	  	
10/30/1997

	  	
HORRY

	  	
1500 HWY 544

	  	
CONWAY, SC 29526

	
Leased

	  	
909

	  	
02/19/1998

	  	
HORRY

	  	
1695 HWY 501 W

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
910

	  	
07/16/1998

	  	
HORRY

	  	
4700 HOLMESTOWN ROAD

	  	
MYRTLE BEACH,  SC 29575

	
Leased

	  	
911

	  	
08/28/1997

	  	
JASPER

	  	
6194 SOUTH OKATIE HWY

	  	
HARDEEVILLE,  SC 29927

	
Leased

	  	
912

	  	
08/28/1997

	  	
JASPER

	  	
2819 NORTH OKATIE HWY

	  	
RIDGELAND,  SC 29936

	
Leased

	  	
913

	  	
08/28/1997

	  	
JASPER

	  	
130 INDEPENDENCE BLVD

	  	
HARDEEVILLE,  SC 29927

	
Leased

	  	
914

	  	
06/11/1998

	  	
WAKE

	  	
1001 SE CARY PARKWAY

	  	
CARY,  NC 27511

	
Leased

	  	
915

	  	
07/30/1998

	  	
NEW HANOVER

	  	
5717 CASTLE HAYNE ROAD

	  	
CASTLE HAYNE, NC 28429

	
Leased

	  	
916

	  	
05/01/1999

	  	
WAKE

	  	
3721 TRYON ROAD

	  	
RALEIGH,  NC 27607

	
Leased

	  	
917

	  	
01/22/1998

	  	
BEAUFORT

	  	
1553 FORDING ISLAND ROAD

	  	
HILTON HEAD ISLAND,  SC 29

	
Leased

	  	
918

	  	
03/19/1998

	  	
CARTERET

	  	
605 E.  FORT MACON

	  	
ATLANTIC BEACH,  NC 28512

	
Leased

	  	
919

	  	
03/19/1998

	  	
WAYNE

	  	
1601 EAST ASH STREET

	  	
GOLDSBORO,  NC 27530

	
Leased

	  	
920

	  	
03/19/1998

	  	
WAYNE

	  	
2606 N. WILLIAM STREET

	  	
GOLDSBORO,  NC 27530

	
Leased

	  	
921

	  	
03/19/1998

	  	
WAYNE

	  	
1908 U. S. HWY 117 S.

	  	
GOLDSBORO,  NC 27530

	
Leased

	  	
922

	  	
03/19/1998

	  	
WAYNE

	  	
2101 WAYNE MEMORIAL DRIVE

	  	
GOLDSBORO,  NC 27534

	
Leased

	  	
924

	  	
03/19/1998

	  	
WAYNE

	  	
600 SPENCE AVENUE

	  	
GOLDSBORO, NC 27534

	
Leased

	  	
925

	  	
03/19/1998

	  	
WAYNE

	  	
1818 N.  BERKLEY BLVD.

	  	
GOLDSBORO, NC 27534

	
Leased

	  	
926

	  	
03/19/1998

	  	
WAYNE

	  	
2007 WAYNE MEMORIAL

	  	
GOLDSBORO,  NC 27534

	
Leased

	  	
927

	  	
03/19/1998

	  	
WAYNE

	  	
901 W.  GRANTHAM ST.

	  	
GOLDSBORO, NC 28530

	
Leased

	  	
928

	  	
03/19/1998

	  	
WAYNE

	  	
453 BUCK SWAMP ROAD

	  	
GOLDSBORO,  NC 27530

	
Leased

	  	
929

	  	
03/19/1998

	  	
PITT

	  	
559 QUEENS ST.

	  	
GRIFTON, NC 28530

	
Leased

	  	
930

	  	
03/19/1998

	  	
ONSLOW

	  	
1731 LEJEUNE BLVD

	  	
JACKSONVILLE,  NC 28540

	
Leased

	  	
931

	  	
03/19/1998

	  	
JOHNSTON

	  	
402 SOUTH CHURCH STREET

	  	
KENLY, NC 27542

	
Leased

	  	
932

	  	
03/19/1998

	  	
LENOIR

	  	
701 WEST VERNON AVENUE

	  	
KINSTON, NC 28501

	
Leased

	  	
934

	  	
03/19/1998

	  	
CRAVEN

	  	
1211 SIMMONS STREET

	  	
NEW BERN, NC 28560

	
Leased

	  	
935

	  	
03/19/1998

	  	
WAKE

	  	
3128 CAPITAL BLVD.

	  	
RALEIGH,  NC 27604

	
Leased

	  	
937

	  	
03/19/1998

	  	
NEW HANOVER

	  	
2028 OLEANDER DRIVE

	  	
WILMINGTON, NC 28403

	
Leased

	  	
938

	  	
03/19/1998

	  	
NEW HANOVER

	  	
2305 S.  COLLEGE ROAD

	  	
WILMINGTON,  NC 28412

	
Leased

	  	
939

	  	
03/19/1998

	  	
WILSON

	  	
2928 U.S. HWY 301 S.

	  	
WILSON, NC 27893

	
Leased

	  	
940

	  	
03/19/1998

	  	
WILSON

	  	
4934 RALEIGH ROAD PKWY W

	  	
WILSON, NC 27893

	
Leased

	  	
941

	  	
09/28/2000

	  	
ORANGE

	  	
102 B HWY 54W

	  	
CARRBORO,  NC 27510

	
Leased

	  	
1001

	  	
07/01/1971

	  	
Alachua

	  	
3423 SE HAWTHORNE RD

	  	
GAINESVILLE,  FL 32641

	
Leased

	  	
1002

	  	
07/01/1971

	  	
Alachua

	  	
4310 SE HAWTHORNE RD

	  	
GAINESVILLE,  FL 32641

	
Leased

	  	
1003

	  	
07/01/1971

	  	
Alachua

	  	
6825 SE 221ST STREET

	  	
HAWTHORNE,  FL 32640

	
Leased

	  	
1010

	  	
11/20/1971

	  	
Marion

	  	
5198 SE ABSHIER BLVD

	  	
BELLEVIEW,  FL 34420

	
Leased

	  	
1014

	  	
01/06/1972

	  	
Duval

	  	
5573 PLAYA WAY

	  	
JACKSONVILLE,  FL 32211

	
Leased

	  	
1030

	  	
05/14/1972

	  	
Osceola

	  	
4899 E IRLO BRONSON MEMOR

	  	
ST CLOUD,  FL 34771

	
Leased

	  	
1040

	  	
10/14/1972

	  	
St. Johns

	  	
120 VILANO ROAD

	  	
ST AUGUSTINE,  FL 32095

  

Page 11

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
1051

	  	
02/01/1973

	  	
Duval

	  	
5959 OLD KINGS RD

	  	
JACKSONVILLE, FL 32254

	
Leased

	  	
1058

	  	
05/18/1973

	  	
Duval

	  	
15411 N. MAIN ST

	  	
JACKSONVILLE,  FL 32218

	
Leased

	  	
1060

	  	
06/29/1973

	  	
St. Johns

	  	
465 STATE ROAD 16

	  	
ST AUGUSTINE,  FL 32095

	
Leased

	  	
1063

	  	
12/14/1973

	  	
Orange

	  	
2691 ORANGE BLOSSOM TR

	  	
ZELLWOOD,  FL 32798

	
Leased

	  	
1064

	  	
04/19/1974

	  	
Duval

	  	
1696 HAMMOND BLVD

	  	
JACKSONVILLE,  FL 32221

	
Leased

	  	
1085

	  	
08/01/1974

	  	
Duval

	  	
630 US 90 WEST

	  	
BALDWIN,  FL 32234

	
Leased

	  	
1086

	  	
10/11/1974

	  	
Duval

	  	
9763 103RD STREET

	  	
JACKSONVILLE,  FL 32210

	
Leased

	  	
1107

	  	
12/16/1976

	  	
Alachua

	  	
3520 N WALDO RD

	  	
GAINESVILLE,  FL 32609

	
Leased

	  	
1110

	  	
03/03/1977

	  	
Seminole

	  	
551 W HWY 436

	  	
ALTAMONTE SPRINGS,  FL 327

	
Leased

	  	
1120

	  	
08/23/1977

	  	
Alachua

	  	
410 NW SANTA FE BLVD

	  	
HIGH SPRINGS,  FL 32643

	
Leased

	  	
1125

	  	
04/27/1978

	  	
Duval

	  	
13857 N MAIN ST

	  	
JACKSONVILLE,  FL 32218

	
Leased

	  	
1137

	  	
10/04/1979

	  	
Duval

	  	
12743 ATLANTIC BLVD

	  	
JACKSONVILLE,  FL 32225

	
Leased

	  	
1138

	  	
09/11/1979

	  	
Alachua

	  	
4234 SW 20TH AVENUE

	  	
GAINESVILLE,  FL 32607

	
Leased

	  	
1142

	  	
07/24/1980

	  	
Alachua

	  	
3509 WILLISTON ROAD SW

	  	
GAINESVILLE,  FL 32608

	
Leased

	  	
1146

	  	
07/31/1980

	  	
Duval

	  	
301 ATLANTIC BLVD

	  	
NEPTUNE BEACH,  FL 32266

	
Leased

	  	
1147

	  	
10/02/1980

	  	
Duval

	  	
5553 ST AUGUSTINE RD

	  	
JACKSONVILLE,  FL 32207

	
Leased

	  	
1148

	  	
10/09/1980

	  	
Duval

	  	
4152 OLD MIDDLEBURG RD

	  	
JACKSONVILLE,  FL 32210

	
Leased

	  	
1150

	  	
02/12/1981

	  	
Duval

	  	
1081 US 301 SOUTH

	  	
BALDWIN,  FL 32234

	
Leased

	  	
1156

	  	
10/09/1981

	  	
Orange

	  	
3965 SILVER STAR RD

	  	
ORLANDO,  FL 32808

	
Leased

	  	
1159

	  	
10/29/1981

	  	
Duval

	  	
1765 JONES ROAD

	  	
JACKSONVILLE,  FL 32220

	
Leased

	  	
1160

	  	
12/10/1981

	  	
Duval

	  	
7603 103RD STREET

	  	
JACKSONVILLE,  FL 32210

	
Leased

	  	
1161

	  	
11/14/1982

	  	
St. Johns

	  	
3690 US 1, S

	  	
ST AUGUSTINE,  FL 32086

	
Leased

	  	
1165

	  	
03/25/1982

	  	
Duval

	  	
7079 N MAIN ST

	  	
JACKSONVILLE,  FL 32208

	
Leased

	  	
1167

	  	
06/10/1982

	  	
Alachua

	  	
14225 W NEWBERRY RD

	  	
NEWBERRY,  FL 32669

	
Leased

	  	
1168

	  	
06/17/1982

	  	
clay

	  	
1312 BLANDING BLVD

	  	
ORANGE PARK,  FL 32065

	
Leased

	  	
1169

	  	
07/02/1982

	  	
St. Johns

	  	
351 A1A BEACH BLVD

	  	
ST AUGUSTINE BEACH,  FL 32

	
Leased

	  	
1170

	  	
10/28/1982

	  	
Clay

	  	
1300 IDLEWILD AVE

	  	
GREEN COVE SPRINGS,  FL 32

	
Leased

	  	
1174

	  	
02/17/1983

	  	
Duval

	  	
9615 HECKSCHER DR

	  	
JACKSONVILLE,  FL 32226

	
Leased

	  	
1176

	  	
03/25/1983

	  	
St. Johns

	  	
8880 A1A SOUTH

	  	
ST AUGUSTINE,  FL 32086

	
Leased

	  	
1177

	  	
05/06/1983

	  	
Duval

	  	
10401 NORMANDY BLVD

	  	
JACKSONVILLE,  FL 32221

	
Leased

	  	
1178

	  	
06/02/1983

	  	
Duval

	  	
5700 PHILLIPS HWY

	  	
JACKSONVILLE,  FL 32216

	
Leased

	  	
1179

	  	
06/09/1983

	  	
Duval

	  	
11410 OLD ST AUGUSTINE

	  	
RD JACKSONVILLE,  FL 32258

	
Leased

	  	
1180

	  	
07/21/1983

	  	
Duval

	  	
8350 BAYMEADOWS RD

	  	
JACKSONVILLE,  FL 32256

	
Leased

	  	
1181

	  	
08/11/1983

	  	
Levy

	  	
553 N MAIN ST

	  	
WILLISTON,  FL 32696

	
Leased

	  	
1182

	  	
08/18/1983

	  	
Levy

	  	
349 E NOBLE AVE

	  	
WILLISTON, FL 32696

	
Leased

	  	
1185

	  	
09/16/1983

	  	
Duval

	  	
770 MCDUFF AVE

	  	
JACKSONVILLE,  FL 32254

	
Leased

	  	
1187

	  	
10/13/1983

	  	
Duval

	  	
1601 PENMAN ROAD

	  	
JACKSONVILLE BEACH,  FL 32

	
Leased

	  	
1198

	  	
11/02/1984

	  	
Clay

	  	
2816 BLANDING BLVD

	  	
MIDDLEBURG,  FL 32068

	
Leased

	  	
1200

	  	
11/15/1984

	  	
Duval

	  	
10910 ATLANTIC BLVD

	  	
JACKSONVILLE,  FL 32225

	
Leased

	  	
1201

	  	
02/14/1985

	  	
St. Johns

	  	
651 SR 13 N

	  	
JACKSONVILLE,  FL 32259

	
Leased

	  	
1203

	  	
04/18/1985

	  	
Orange

	  	
14902 E COLONIAL DR

	  	
ORLANDO,  FL 32826

	
Leased

	  	
1210

	  	
07/18/1985

	  	
Duval

	  	
1031 BEACH BLVD

	  	
JACKSONVILLE BEACH,  FL 32

	
Leased

	  	
1212

	  	
10/31/1985

	  	
Duval

	  	
14801 NORMANDY BLVD

	  	
JACKSONVILLE,  FL 32234

	
Leased

	  	
1214

	  	
02/13/1986

	  	
St. Johns

	  	
2525 SR 207

	  	
ST AUGUSTINE,  FL 32086

	
Leased

	  	
1215

	  	
04/24/1986

	  	
Duval

	  	
9901 NEW KINGS RD

	  	
JACKSONVILLE,  FL 32219

	
Leased

	  	
1222

	  	
11/20/1986

	  	
Duval

	  	
12453 PHILLIPS HWY

	  	
JACKSONVILLE,  FL 32256

	
Leased

	  	
1230

	  	
06/17/1987

	  	
Flagler

	  	
1501 ST JOE GRADE

	  	
PALM COAST,  FL 32137

	
Leased

	  	
1234

	  	
12/22/1987

	  	
Volusia

	  	
2910 HOWLAND BLVD

	  	
DELTONA,  FL 32725

	
Leased

	  	
1235

	  	
02/26/1988

	  	
Lake

	  	
401 US HWY 441

	  	
LADY LAKE,  FL 32159

	
Leased

	  	
1246

	  	
06/15/1988

	  	
Duval

	  	
10500 PHILLIPS HWY

	  	
JACKSONVILLE,  FL 32256

	
Leased

	  	
1249

	  	
08/04/1988

	  	
St. Johns

	  	
224 SAN MARCO AVE

	  	
ST AUGUSTINE,  FL 32084

	
Leased

	  	
1255

	  	
01/19/1989

	  	
St. Johns

	  	
2330 SR 16 & I-95

	  	
ST AUGUSTINE,  FL 32095

  

Page 12

  

 

Store Property Type and Address

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
1257

	  	
02/09/1989

	  	
Duval

	  	
721 CHAFFEE RD,  S

	  	
JACKSONVILLE,  FL 32221

	
Leased

	  	
1268

	  	
09/13/1990

	  	
St. Johns

	  	
1710 SR 207

	  	
ST AUGUSTINE,  FL 32086

	
Leased

	  	
1269

	  	
04/11/1991

	  	
Volusia

	  	
312 DIRKSEN DRIVE

	  	
DEBARY,  FL 32725

	
Leased

	  	
1270

	  	
04/04/1991

	  	
Duval

	  	
10100 GRANITE PLACE

	  	
JACKSONVILLE,  FL 32226

	
Leased

	  	
1280

	  	
09/03/1992

	  	
Duval

	  	
9001 SOUTHSIDE BLVD

	  	
JACKSONVILLE,  FL 32256

	
Leased

	  	
1281

	  	
03/14/1996

	  	
Volusia

	  	
400 WELCOME CENTER DR

	  	
DELTONA,  FL 32725

	
Leased

	  	
1282

	  	
10/07/1993

	  	
Duval

	  	
11025 PHILLIPS HWY

	  	
JACKSONVILLE,  FL 32256

	
Leased

	  	
1283

	  	
08/20/1993

	  	
Flagler

	  	
191 CYPRESS POINT PKY

	  	
PALM COAST,  FL 32164

	
Leased

	  	
1284

	  	
03/17/1994

	  	
Osceola

	  	
1400 OSCEOLA PARKWAY

	  	
KISSIMMEE,  FL 34744

	
Leased

	  	
1287

	  	
11/30/1995

	  	
Duval

	  	
14641 DUVAL ROAD

	  	
JACKSONVILLE,  FL 32218

	
Leased

	  	
1288

	  	
06/13/1996

	  	
orange

	  	
1500 N WEKIVA SPRINGS RD

	  	
APOPKA,  FL 32712

	
Leased

	  	
1294

	  	
01/19/2000

	  	
Bradford

	  	
312 W.  BROWNLEE

	  	
STARKE,  FL 32091

	
Leased

	  	
1295

	  	
06/15/2000

	  	
Alachua

	  	
14300 W NEWBERRY RD

	  	
NEWBERRY,  FL 32669

	
Leased

	  	
1296

	  	
07/20/2000

	  	
Duval

	  	
13697 BEACH BLVD

	  	
JACKSONVILLE,  FL 32224

	
Leased

	  	
1297

	  	
09/28/2000

	  	
Clay

	  	
5105 CR 218

	  	
MIDDLEBURG,  FL 32068

	
Leased

	  	
1299

	  	
02/09/2000

	  	
St. Johns

	  	
4301 US A1A, SOUTH

	  	
ST AUGUSTINE, FL 32084

	
Leased

	  	
1301

	  	
05/02/1998

	  	
Alachua

	  	
7501 W NEWBERRY ROAD

	  	
GAINESVILLE,  FL 32606

	
Leased

	  	
1302

	  	
05/02/1998

	  	
Alachua

	  	
3901 SW ARCHER RD

	  	
GAINESVILLE,  FL 32608

	
Leased

	  	
1303

	  	
05/02/1998

	  	
Alachua

	  	
2320 SW ARCHER RD

	  	
GAINESVILLE,  FL 32608

	
Leased

	  	
1304

	  	
05/02/1998

	  	
Alachua

	  	
5310 NW 13 ST

	  	
GAINESVILLE,  FL 32653

	
Leased

	  	
1306

	  	
05/02/1998

	  	
Alachua

	  	
12771 SW STATE RD 45

	  	
ARCHER,  FL 32618

	
Leased

	  	
1307

	  	
05/02/1998

	  	
Alachua

	  	
20 NE WALDO ROAD

	  	
GAINESVILLE,  FL 32641

	
Leased

	  	
1310

	  	
05/02/1998

	  	
Alachua

	  	
4103 SW 43RD ST

	  	
GAINESVILLE,  FL 32608

	
Leased

	  	
1311

	  	
05/02/1998

	  	
Alachua

	  	
9303 NW 39TH AVE

	  	
GAINESVILLE,  FL 32606

	
Leased

	  	
1314

	  	
03/31/1998

	  	
Alachua

	  	
1255 W UNIVERSITY AVE

	  	
GAINESVILLE,  FL 32601

	
Leased

	  	
1320

	  	
09/01/1998

	  	
Duval

	  	
300 BEACH BLVD

	  	
JACKSONVILLE BEACH,  FL 32

	
Leased

	  	
1401

	  	
03/08/2001

	  	
Duval

	  	
2425 MAYPORT ROAD

	  	
ATLANTIC BEACH,  FL 32233

	
Leased

	  	
1413

	  	
09/11/2003

	  	
St. Johns

	  	
715 STATE ROAD 207

	  	
ST. AUGUSTINE,  FL 32086-3

	
Leased

	  	
1414

	  	
12/15/2005

	  	
St. Johns

	  	
1720 COUNTY ROAD 210 W

	  	
JACKSONVILLE,  FL 32259

	
Leased

	  	
1415

	  	
12/22/2005

	  	
Duval

	  	
11869 PULASKI ROAD

	  	
JACKSONVILLE, FL 32218

	
Leased

	  	
1416

	  	
10/19/2006

	  	
Alachua

	  	
1515 N. MAIN STREET

	  	
GAINESVILLE,  FL 32601

	
Leased

	  	
1421

	  	
06/09/2005

	  	
Marion

	  	
5986 WEST HWY 40

	  	
OCALA,  FL 34482

	
Leased

	  	
1422

	  	
11/09/2006

	  	
Marion

	  	
6820 MARICAMP ROAD

	  	
OCALA,  FL 34472

	
Leased

	  	
1423

	  	
05/04/2006

	  	
Marion

	  	
1986 SW 27TH AVENUE

	  	
OCALA, FL 34474

	
Leased

	  	
1426

	  	
03/01/2007

	  	
Bay

	  	
4402 HIGHWAY 98

	  	
PANAMA CITY,  FL 32405

	
Leased

	  	
2003

	  	
01/28/1999

	  	
Seminole

	  	
4625 W.  LAKE MARY BLVD

	  	
LAKE MARY,  FL 32746

	
Leased

	  	
2005

	  	
01/28/1999

	  	
Brevard

	  	
4790 N US1

	  	
MIMS, FL 32754

	
Leased

	  	
2006

	  	
01/28/1999

	  	
Putnam

	  	
1986 STATE ROAD 20

	  	
HAWTHORNE,  FL 32640

	
Leased

	  	
2051

	  	
01/28/1999

	  	
Marion

	  	
909 NE 28TH STREET

	  	
OCALA, FL 34470

	
Leased

	  	
2054

	  	
01/28/1999

	  	
Putnam

	  	
2110 HIGHWAY 17S

	  	
CRESCENT CITY,  FL 32112

	
Leased

	  	
2109

	  	
01/28/1999

	  	
Putnam

	  	
1205 S STATE ROAD 19

	  	
PALATKA,  FL 32177

	
Leased

	  	
2112

	  	
01/28/1999

	  	
Clay

	  	
101 WEST WALKER DRIVE

	  	
KEYSTONE HEIGHTS,  FL 3265

	
Leased

	  	
2183

	  	
01/28/1999

	  	
Seminole

	  	
5700 REDBUG LAKE ROAD

	  	
WINTER SPRINGS,  FL 32707

	
Leased

	  	
2272

	  	
01/28/1999

	  	
Putnam

	  	
1140 CR 309

	  	
CRESCENT CITY,  FL 32112

	
Leased

	  	
2290

	  	
01/28/1999

	  	
Lake

	  	
19516 E SR 44

	  	
EUSTIS,  FL 32726

	
Leased

	  	
2298

	  	
01/28/1999

	  	
St. Johns

	  	
6573 A1A SOUTH

	  	
ST AUGUSTINE,  FL 32084

	
Leased

	  	
2318

	  	
01/28/1999

	  	
Marion

	  	
14990 NW HIGHWAY 225

	  	
FAIRFIELD,  FL 32634

	
Leased

	  	
2319

	  	
01/28/1999

	  	
Marion

	  	
4899 NE JACKSONVILLE RD

	  	
OCALA,  FL 34479

	
Leased

	  	
2356

	  	
01/28/1999

	  	
Bradford

	  	
1701 S. WATER STREET

	  	
STARKE,  FL 32091

	
Leased

	  	
2357

	  	
01/28/1999

	  	
Bradford

	  	
19499 NW SR 16

	  	
STARKE,  FL 32091

	
Leased

	  	
2398

	  	
01/28/1999

	  	
Volusia

	  	
431 N. ATLANTIC AVE

	  	
DAYTONA BEACH,  FL 32118

	
Leased

	  	
2407

	  	
01/28/1999

	  	
Lake

	  	
933 HIGHWAY 448

	  	
TAVARES,  FL 32778

  

Page 13

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
2427

	  	
01/28/1999

	  	
Bradford

	  	
23039 NW SR 16

	  	
STARKE,  FL 32091

	
Leased

	  	
2428

	  	
01/28/1999

	  	
Putnam

	  	
643 N. HIGHWAY 17

	  	
PALATKA,  FL 32177

	
Leased

	  	
2429

	  	
01/28/1999

	  	
Volusia

	  	
2600 N.  DIXIE FREEWAY

	  	
NEW SMYRNA BEACH,  FL 3216

	
Leased

	  	
2432

	  	
01/28/1999

	  	
union

	  	
585 SW 6TH STREET

	  	
LAKE BUTLER,  FL 32054

	
Leased

	  	
2478

	  	
01/28/1999

	  	
Putnam

	  	
1420 HWY 20

	  	
INTERLACHEN,  FL 32148

	
Leased

	  	
2485

	  	
01/28/1999

	  	
Seminole

	  	
303 E.  25TH STREET

	  	
SANFORD,  FL 32771

	
Leased

	  	
2501

	  	
01/28/1999

	  	
Lake

	  	
42404 STATE ROAD 19

	  	
ALTONA,  FL 32702

	
Leased

	  	
2525

	  	
01/28/1999

	  	
Volusia

	  	
1805 S.  RIDGEWOOD AVE

	  	
EDGEWATER,  FL 32132

	
Leased

	  	
2527

	  	
01/28/1999

	  	
orange

	  	
347 N. THOMPSON ROAD

	  	
APOPKA,  FL 32703

	
Leased

	  	
2577

	  	
01/28/1999

	  	
Putnam

	  	
1119 SR 100

	  	
FLORAHOME,  FL 32140

	
Leased

	  	
2612

	  	
01/28/1999

	  	
Volusia

	  	
2495 TOMOKA FARMS RD

	  	
PORT ORANGE,  FL 32124

	
Leased

	  	
2643

	  	
01/28/1999

	  	
Putnam

	  	
3300 CRILL AVENUE

	  	
PALATKA,  FL 32177

	
Leased

	  	
2645

	  	
01/28/1999

	  	
Volusia

	  	
2590 OLD NEW YORK AVE

	  	
DELAND,  FL 32720

	
Leased

	  	
2759

	  	
01/28/1999

	  	
Seminole

	  	
691 HUNT CLUB BLVD

	  	
LONGWOOD, FL 32779

	
Leased

	  	
2799

	  	
01/28/1999

	  	
Lake

	  	
25615 SR 46

	  	
SORRENTO,  FL 32776

	
Leased

	  	
2803

	  	
01/28/1999

	  	
Putnam

	  	
1900 ST JOHNS AVENUE

	  	
PALATKA,  FL 32177

	
Leased

	  	
2842

	  	
01/28/1999

	  	
union

	  	
SR121/SR229

	  	
RAIFORD,  FL 32083

	
Leased

	  	
2846

	  	
01/28/1999

	  	
Volusia

	  	
1380 SR 40 W

	  	
BARBERVILLE,  FL 32105

	
Leased

	  	
2856

	  	
01/28/1999

	  	
Marion

	  	
24282 NE HWY 315  (FT.  MCC

	  	
ORANGE SPRINGS,  FL 32182

	
Leased

	  	
2901

	  	
01/28/1999

	  	
Marion

	  	
7590 E. HWY 25

	  	
BELLEVIEW,  FL 34420

	
Leased

	  	
2902

	  	
01/28/1999

	  	
Marion

	  	
6961 N US HWY 441

	  	
OCALA,  FL 34475

	
Leased

	  	
2903

	  	
01/28/1999

	  	
Sumter

	  	
9985 N. US 301

	  	
WILDWOOD,  FL 34785

	
Leased

	  	
2907

	  	
01/28/1999

	  	
Marion

	  	
5160 S.  PINE AVENUE

	  	
OCALA,  FL 34480

	
Leased

	  	
3001

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2450 IRELAND DR

	  	
FAYETTEVILLE,  NC 28306

	
Leased

	  	
3002

	  	
07/02/1998

	  	
CUMBERLAND

	  	
1764 IRELAND DR.

	  	
FAYETTEVILLE,  NC 28304

	
Leased

	  	
3003

	  	
07/02/1998

	  	
SAMPSON

	  	
209 MT.  OLIVE DRIVE

	  	
NEWTON GROVE,  NC 28366

	
Leased

	  	
3004

	  	
07/02/1998

	  	
CUMBERLAND

	  	
3931 ROSEHILL ROAD

	  	
FAYETTEVILLE, NC 28301

	
Leased

	  	
3005

	  	
07/02/1998

	  	
CUMBERLAND

	  	
5617 ROCKFISH RD./HWY 59

	  	
HOPE MILLS,  NC 28348

	
Leased

	  	
3006

	  	
07/02/1998

	  	
CUMBERLAND

	  	
801 NORTH MAIN STREET

	  	
SPRING LAKE, NC 28390

	
Leased

	  	
3007

	  	
07/02/1998

	  	
CUMBERLAND

	  	
1302 ROBESON STREET

	  	
FAYETTEVILLE,  NC 28305

	
Leased

	  	
3009

	  	
07/02/1998

	  	
CUMBERLAND

	  	
6454 ROCKFISH RD

	  	
FAYETTEVILLE,  NC 28306

	
Leased

	  	
3010

	  	
07/02/1998

	  	
CUMBERLAND

	  	
1571 MCARTHUR ROAD

	  	
FAYETTEVILLE, NC 28301

	
Leased

	  	
3011

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2820 LILLINGTON HWY

	  	
SPRING LAKE,  NC 28390

	
Leased

	  	
3013

	  	
07/02/1998

	  	
CUMBERLAND

	  	
144 CEDAR CREEK RD

	  	
FAYETTEVILLE, NC 28301

	
Leased

	  	
3014

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2501 HOPE MILLS ROAD

	  	
FAYETTEVILLE,  NC 28302

	
Leased

	  	
3015

	  	
07/02/1998

	  	
CUMBERLAND

	  	
CAMDEN AND NATAL ROADS

	  	
FAYETTEVILLE,  NC 28306

	
Leased

	  	
3016

	  	
07/02/1998

	  	
CUMBERLAND

	  	
5542 BRAGG BLVD AT SHAW R

	  	
FAYETTEVILLE,  NC 28306

	
Leased

	  	
3017

	  	
07/02/1998

	  	
CUMBERLAND

	  	
405 BRAGG BLVD.

	  	
SPRING LAKE,  NC 28390

	
Leased

	  	
3018

	  	
07/02/1998

	  	
ROBESON

	  	
504 W MARTIN LUTHER KING

	  	
MAXTON,  NC 28364

	
Leased

	  	
3019

	  	
07/02/1998

	  	
HARNETT

	  	
400 ERWIN ROAD

	  	
DUNN,  NC 28334

	
Leased

	  	
3020

	  	
07/02/1998

	  	
CATAWBA

	  	
3261 E. MAIN ST.

	  	
CLAREMONT, NC 28610

	
Leased

	  	
3021

	  	
07/02/1998

	  	
CATAWBA

	  	
903 HWY 16 N

	  	
CONOVER,  NC 28613

	
Leased

	  	
3022

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2326 OWEN DR./CUMBERLAND

	  	
FAYETTEVILLE,  NC 28306

	
Leased

	  	
3023

	  	
07/02/1998

	  	
IREDELL

	  	
598 NORTH MAIN STREET

	  	
MOORESVILLE,  NC 28115

	
Leased

	  	
3024

	  	
07/02/1998

	  	
CATAWBA

	  	
506 SOUTHWEST BLVD

	  	
NEWTON,  NC 28658

	
Leased

	  	
3025

	  	
07/02/1998

	  	
CATAWBA

	  	
1612 CONOVER BLVD EAST

	  	
CONOVER, NC 28613

	
Leased

	  	
3026

	  	
07/02/1998

	  	
CATAWBA

	  	
2442 W.N.C.  HIGHWAY 10

	  	
NEWTON,  NC 28658

	
Leased

	  	
3027

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2001 SKIBO ROAD

	  	
FAYETTEVILLE, NC 28304

	
Leased

	  	
3029

	  	
07/02/1998

	  	
CUMBERLAND

	  	
300 MURCHISON ROAD

	  	
SPRING LAKE,  NC 28390

	
Leased

	  	
3033

	  	
07/02/1998

	  	
CUMBERLAND

	  	
1902 OWEN DRIVE

	  	
FAYETTEVILLE, NC 28304

	
Leased

	  	
3034

	  	
07/02/1998

	  	
CUMBERLAND

	  	
5201 RAEFORD ROAD

	  	
FAYETTEVILLE,  NC 28304

	
Leased

	  	
3035

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2110 CEDAR CREEK ROAD

	  	
FAYETTEVILLE, NC 28301

  

Page 14

  

 

Store Property Type and Address

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3036

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2990 GILLESPIE STREET

	  	
FAYETTEVILLE,  NC 28306

	
Leased

	  	
3037

	  	
07/02/1998

	  	
CUMBERLAND

	  	
3102 BRAGG BLVD/CAIN RD.

	  	
FAYETTEVILLE,  NC 28302

	
Leased

	  	
3038

	  	
07/02/1998

	  	
CUMBERLAND

	  	
500 BUNCE RD./CLIFFDALE

	  	
FAYETTEVILLE, NC 28304

	
Leased

	  	
3039

	  	
07/02/1998

	  	
CUMBERLAND

	  	
316 HWY 210 NORTH

	  	
SPRING LAKE,  NC 28390

	
Leased

	  	
3040

	  	
07/02/1998

	  	
CUMBERLAND

	  	
2075 NORTH BRAGG BLVD.

	  	
SPRING LAKE, NC 28390

	
Leased

	  	
3041

	  	
07/02/1998

	  	
CUMBERLAND

	  	
5762 RAMSEY ST/METHODIST

	  	
FAYETTEVILLE,  NC 28311

	
Leased

	  	
3042

	  	
07/02/1998

	  	
CUMBERLAND

	  	
1135 PAMALEE DR./BLANTON

	  	
FAYETTEVILLE,  NC 28303

	
Leased

	  	
3043

	  	
07/02/1998

	  	
CUMBERLAND

	  	
100 REILLY ROAD

	  	
FAYETTEVILLE,  NC 28303

	
Leased

	  	
3044

	  	
07/02/1998

	  	
UNION

	  	
13719 HWY 74 W

	  	
INDIAN TRAIL, NC 28079

	
Leased

	  	
3045

	  	
07/02/1998

	  	
UNION

	  	
4103 HWY 74

	  	
MONROE,  NC 28110

	
Leased

	  	
3046

	  	
07/02/1998

	  	
CUMBERLAND

	  	
674 CHICKEN FOOT ROAD

	  	
HOPE MILLS, NC 28348

	
Leased

	  	
3047

	  	
07/02/1998

	  	
CUMBERLAND

	  	
7910 RAEFORD ROAD

	  	
FAYETTEVILLE,  NC 28304

	
Leased

	  	
3048

	  	
07/02/1998

	  	
HOKE

	  	
9615 FAYETTEVILLE ROAD

	  	
RAEFORD,  NC 28379

	
Leased

	  	
3049

	  	
07/02/1998

	  	
BRUNSWICK

	  	
7095 OCEAN HWY NORTH

	  	
SOUTH BRUNSWICK, NC 28470

	
Leased

	  	
3050

	  	
07/02/1998

	  	
CUMBERLAND

	  	
327 CHICKEN FOOT ROAD

	  	
HOPE MILLS, NC 28348

	
Leased

	  	
3051

	  	
07/02/1998

	  	
CUMBERLAND

	  	
3319 MURPHY

	  	
FAYETTEVILLE,  NC 28301

	
Leased

	  	
3052

	  	
07/02/1998

	  	
CUMBERLAND

	  	
6777 RAEFORD RD/GRAHAM RD

	  	
FAYETTEVILLE,  NC 28304

	
Leased

	  	
3053

	  	
07/02/1998

	  	
HARNETT

	  	
41 E CORNELIUS HARNETT BL

	  	
LILLINGTON,  NC 27546

	
Leased

	  	
3054

	  	
07/02/1998

	  	
CUMBERLAND

	  	
6245 RAMSEY STREET

	  	
FAYETTEVILLE,  NC 28311

	
Leased

	  	
3055

	  	
07/02/1998

	  	
COLUMBUS

	  	
1730 JK POWELL BLVD

	  	
WHITEVILLE,  NC 28472

	
Leased

	  	
3056

	  	
07/02/1998

	  	
MOORE

	  	
3384 US 1 HWY

	  	
VASS, NC 28394

	
Leased

	  	
3057

	  	
07/02/1998

	  	
HORRY

	  	
2101 HWY 17 SOUTH

	  	
NORTH MYRTLE BEACH,  SC 29

	
Leased

	  	
3058

	  	
07/02/1998

	  	
GEORGETOWN

	  	
10459 OCEAN HWY

	  	
PAWLEYS ISLAND,  SC 29585

	
Leased

	  	
3059

	  	
07/02/1998

	  	
HORRY

	  	
5600 HWY 17

	  	
MYRTLE BEACH,  SC 29575

	
Leased

	  	
3060

	  	
07/02/1998

	  	
HORRY

	  	
4570 SOCASTEE BLVD.

	  	
SOCASTEE,  SC 29575

	
Leased

	  	
3061

	  	
07/02/1998

	  	
HORRY

	  	
400 SEA MOUNTAIN HWY

	  	
NORTH MYRTLE BEACH,  SC 29

	
Leased

	  	
3062

	  	
07/02/1998

	  	
HORRY

	  	
1611 HWY 17 SOUTH

	  	
SURFSIDE BEACH,  SC 29577

	
Leased

	  	
3063

	  	
07/02/1998

	  	
HORRY

	  	
HWY 544 AND 137

	  	
SOCASTEE,  SC 29588

	
Leased

	  	
3064

	  	
07/02/1998

	  	
HORRY

	  	
3710 HWY 501

	  	
MYRTLE BEACH, SC 29579

	
Leased

	  	
3065

	  	
07/02/1998

	  	
HORRY

	  	
1350 KINGS HWY

	  	
NORTH MYRTLE BEACH,  SC 29

	
Leased

	  	
3066

	  	
07/02/1998

	  	
HORRY

	  	
4509 HWY 17

	  	
NORTH MYRTLE BEACH,  SC 29

	
Leased

	  	
3067

	  	
07/02/1998

	  	
GEORGETOWN

	  	
5146 HWY 17BP/PENDERGRASS

	  	
MURRELLS INLET,  SC 29576

	
Leased

	  	
3068

	  	
07/02/1998

	  	
HORRY

	  	
3481 HWY 9 EAST

	  	
LITTLE RIVER, SC 29566

	
Leased

	  	
3069

	  	
07/02/1998

	  	
HORRY

	  	
4815 HWY 17 SOUTH

	  	
NORTH MYRTLE BEACH,  SC 29

	
Leased

	  	
3070

	  	
07/02/1998

	  	
HORRY

	  	
2301 DICK POND ROAD

	  	
MYRTLE BEACH, SC 29577

	
Leased

	  	
3071

	  	
07/02/1998

	  	
HORRY

	  	
4408 HWY 501

	  	
MYRTLE BEACH,  SC 29579

	
Leased

	  	
3072

	  	
07/02/1998

	  	
HORRY

	  	
1708 HWY 17

	  	
LITTLE RIVER, SC 29566

	
Leased

	  	
3073

	  	
07/02/1998

	  	
HORRY

	  	
4481 SOCASTEE BLVD/

	  	
MYRTLE BEACH, SC 29588

	
Leased

	  	
3075

	  	
11/05/1998

	  	
ONSLOW

	  	
2868 PINEY GREEN RD.

	  	
JACKSONVILLE,  NC 28546

	
Leased

	  	
3076

	  	
07/16/1998

	  	
LENOIR

	  	
700 E.  NEW BERN ROAD

	  	
KINSTON, NC 28502

	
Leased

	  	
3077

	  	
07/16/1998

	  	
EDGECOMBE

	  	
235 FAIRVIEW ROAD

	  	
ROCKY MOUNT,  NC 27801

	
Leased

	  	
3078

	  	
07/16/1998

	  	
NASH

	  	
7545 NC 48

	  	
BATTLEBORO,  NC 27809

	
Leased

	  	
3079

	  	
07/16/1998

	  	
NASH

	  	
5102 DORCHES BLVD

	  	
ROCKY MOUNT, NC 27804

	
Leased

	  	
3080

	  	
07/16/1998

	  	
NASH

	  	
1400 CENTURA HWY

	  	
ROCKY MOUNT,  NC 27804

	
Leased

	  	
3081

	  	
07/16/1998

	  	
NASH

	  	
3537 SUNSET AVENUE

	  	
ROCKY MOUNT, NC 27804

	
Leased

	  	
3082

	  	
07/16/1998

	  	
FRANKLIN

	  	
102 BICKETT BLVD

	  	
LOUISBURG,  NC 27549

	
Leased

	  	
3083

	  	
07/16/1998

	  	
PITT

	  	
700 S.  MEMORIAL DRIVE

	  	
GREENVILLE,  NC 27834

	
Leased

	  	
3084

	  	
07/16/1998

	  	
NASH

	  	
900 RALEIGH ROAD

	  	
ROCKY MOUNT, NC 27803

	
Leased

	  	
3085

	  	
07/16/1998

	  	
NASH

	  	
240 S. WESLEYAN BLVD

	  	
ROCKY MOUNT,  NC 27804

	
Leased

	  	
3087

	  	
07/16/1998

	  	
NASH

	  	
1830 N. WESLEYAN BLVD

	  	
ROCKY MOUNT, NC 27804

	
Leased

	  	
3088

	  	
07/16/1998

	  	
DURHAM

	  	
4830 HOPE VALLEY ROAD

	  	
DURHAM,  NC 27707

	
Leased

	  	
3089

	  	
07/16/1998

	  	
ORANGE

	  	
1501 FRANKLIN STREET

	  	
CHAPEL HILL, NC 27514

  

Page 15

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3090

	  	
07/16/1998

	  	
NASH

	  	
425 W. THOMAS STREET

	  	
ROCKY MOUNT, NC 27801

	
Leased

	  	
3091

	  	
07/16/1998

	  	
DURHAM

	  	
3705 N. DUKE STREET

	  	
DURHAM,  NC 27705

	
Leased

	  	
3092

	  	
07/16/1998

	  	
WAKE

	  	
2101 MILLBROOK ROAD

	  	
RALEIGH, NC 27604

	
Leased

	  	
3093

	  	
07/16/1998

	  	
DURHAM

	  	
3223 NC HWY 55

	  	
DURHAM,  NC 27713

	
Leased

	  	
3095

	  	
07/16/1998

	  	
WAKE

	  	
4330 LOUISBURG ROAD

	  	
RALEIGH, NC 27604

	
Leased

	  	
3096

	  	
07/16/1998

	  	
NASH

	  	
3601 SUNSET AVENUE

	  	
ROCKY MOUNT,  NC 27804

	
Leased

	  	
3098

	  	
07/16/1998

	  	
WAKE

	  	
4302 WAKE FOREST ROAD

	  	
RALEIGH, NC 27609

	
Leased

	  	
3099

	  	
07/16/1998

	  	
PITT

	  	
1531 SE GREENVILLE BLVD

	  	
GREENVILLE,  NC 27834

	
Leased

	  	
3100

	  	
07/16/1998

	  	
WAKE

	  	
6317 CREEDMOOR ROAD

	  	
RALEIGH, NC 27612

	
Leased

	  	
3101

	  	
07/16/1998

	  	
DURHAM

	  	
2229 NC HWY 54 EAST

	  	
CHAPEL HILL,  NC 27514

	
Leased

	  	
3102

	  	
07/16/1998

	  	
ORANGE

	  	
201 S ESTES DRIVE

	  	
CHAPEL HILL,  NC 27515

	
Leased

	  	
3104

	  	
07/16/1998

	  	
PITT

	  	
1301 ARLINGTON BLVD

	  	
GREENVILLE,  NC 27834

	
Leased

	  	
3105

	  	
07/16/1998

	  	
NASH

	  	
367 W WASHINGTON STREET

	  	
NASHVILLE,  NC 27856

	
Leased

	  	
3106

	  	
07/16/1998

	  	
NASH

	  	
1630 SUNSET AVENUE

	  	
ROCKY MOUNT, NC 27804

	
Leased

	  	
3108

	  	
07/16/1998

	  	
Virginia Beach

	  	
1912 LASKIN ROAD

	  	
VIRGINIA BEACH, VA 23454

	
Leased

	  	
3109

	  	
07/16/1998

	  	
Colonial Height

	  	
891 TEMPLE AVENUE

	  	
COLONIAL HEIGHTS,  VA 2383

	
Leased

	  	
3110

	  	
07/16/1998

	  	
STAFFORD

	  	
34 PROSPERITY LANE

	  	
STAFFORD, VA 22556

	
Leased

	  	
3112

	  	
07/16/1998

	  	
HANOVER

	  	
610 ENGLAND STREET

	  	
ASHLAND, VA 23005

	
Leased

	  	
3113

	  	
07/16/1998

	  	
Richmond (city)

	  	
1013 NORTH BLVD

	  	
RICHMOND, VA 23230

	
Leased

	  	
3114

	  	
07/16/1998

	  	
HALIFAX

	  	
1014 BILL TUCK HIGHWAY

	  	
SOUTH BOSTON, VA 24592

	
Leased

	  	
3115

	  	
07/16/1998

	  	
Emporia (City)

	  	
128 N MAIN STREET

	  	
EMPORIA, VA 23847

	
Leased

	  	
3116

	  	
07/16/1998

	  	
MECKLENBURG

	  	
702 EAST ATLANTIC AVENUE

	  	
SOUTH HILL, VA 23970

	
Leased

	  	
3117

	  	
07/16/1998

	  	
NASH

	  	
3653 US HWY 301S

	  	
SHARPSBURG,  NC 27878

	
Leased

	  	
3118

	  	
07/30/1998

	  	
WAKE

	  	
919 DURHAM HIGHWAY

	  	
WAKE FOREST, NC 27587

	
Leased

	  	
3119

	  	
10/22/1998

	  	
JOHNSTON

	  	
1137 N.  BRIGHTLEAF BLVD

	  	
SMITHFIELD,  NC 27577

	
Leased

	  	
3120

	  	
10/22/1998

	  	
ONSLOW

	  	
4450 GUMBRANCH ROAD

	  	
JACKSONVILLE, NC 28540

	
Leased

	  	
3121

	  	
10/22/1998

	  	
HARNETT

	  	
770 N.  RALEIGH STREET

	  	
ANGIER,  NC 27501

	
Leased

	  	
3122

	  	
10/22/1998

	  	
NEW HANOVER

	  	
6480 MARKET STREET

	  	
WILMINGTON, NC 28405

	
Leased

	  	
3123

	  	
08/31/2000

	  	
HARNETT

	  	
873 LONGBRANCH ROAD

	  	
DUNN, NC 28334

	
Leased

	  	
3125

	  	
10/22/1998

	  	
ONSLOW

	  	
116 PINEY GREEN RD

	  	
JACKSONVILLE, NC 28540

	
Leased

	  	
3126

	  	
10/22/1998

	  	
ONSLOW

	  	
2865 PINEY GREEN RD

	  	
MIDWAY PARK, NC 28544

	
Leased

	  	
3127

	  	
10/22/1998

	  	
JOHNSTON

	  	
234 W.  MARKET STREET

	  	
SMITHFIELD, NC 27577

	
Leased

	  	
3128

	  	
10/22/1998

	  	
JOHNSTON

	  	
10081 HWY 70 WEST

	  	
CLAYTON,  NC 27520

	
Leased

	  	
3129

	  	
10/22/1998

	  	
JOHNSTON

	  	
825 BROGDEN ROAD   & 1-95

	  	
SMITHFIELD,  NC 27577

	
Leased

	  	
3130

	  	
10/22/1998

	  	
DUPLIN

	  	
2713 HWY 24 WEST

	  	
WARSAW,  NC 28398

	
Leased

	  	
3132

	  	
11/05/1998

	  	
COLUMBUS

	  	
424 N. BROWN ST.

	  	
CHADBOURN,  NC 28431

	
Leased

	  	
3134

	  	
11/05/1998

	  	
ROBESON

	  	
501 W. 3RD ST.

	  	
PEMBROKE, NC 28372

	
Leased

	  	
3135

	  	
11/05/1998

	  	
BRUNSWICK

	  	
100 YAUPON DR.

	  	
OAK ISLAND,  NC 28465

	
Leased

	  	
3136

	  	
11/05/1998

	  	
SCOTLAND

	  	
1135 S.  MAIN ST.

	  	
LAURINBURG, NC 28352

	
Leased

	  	
3138

	  	
11/05/1998

	  	
FLORENCE

	  	
2701 S.  IRBY ST.

	  	
FLORENCE,  SC 29501

	
Leased

	  	
3139

	  	
11/05/1998

	  	
CUMBERLAND

	  	
1208 BRAGG BLVD.

	  	
FAYETTEVILLE,  NC 28301

	
Leased

	  	
3140

	  	
11/05/1998

	  	
HORRY

	  	
3498 HWY 9 EAST

	  	
LITTLE RIVER,  SC 29566

	
Leased

	  	
3141

	  	
11/05/1998

	  	
CUMBERLAND

	  	
1886 N. BRAGG BLVD

	  	
SPRING LAKE,  NC 28390

	
Leased

	  	
3142

	  	
11/05/1998

	  	
CUMBERLAND

	  	
3122 FT.  BRAGG RD.

	  	
FAYETTEVILLE,  NC 28303

	
Leased

	  	
3143

	  	
11/05/1998

	  	
BRUNSWICK

	  	
4523 MAIN STREET

	  	
SHALLOTTE,  NC 28459

	
Leased

	  	
3144

	  	
11/05/1998

	  	
CUMBERLAND

	  	
6489 YADKIN RD.

	  	
FAYETTEVILLE,  NC 28303

	
Leased

	  	
3146

	  	
11/05/1998

	  	
WAKE

	  	
1720 MAIN ST.

	  	
FUQUAY-VARINA, NC 27526

	
Leased

	  	
3147

	  	
11/05/1998

	  	
RICHMOND

	  	
980 US 1 N.& WIREGRASS RD

	  	
ROCKINGHAM,  NC 28379

	
Leased

	  	
3149

	  	
11/05/1998

	  	
DARLINGTON

	  	
1001 S GOVERNOR WILLIAMS

	  	
DARLINGTON, SC 29532

	
Leased

	  	
3150

	  	
11/05/1998

	  	
HORRY

	  	
1390 HWY 501 E.

	  	
CONWAY, SC 29526

	
Leased

	  	
3151

	  	
07/27/2000

	  	
NEW HANOVER

	  	
6648 GORDON RD.

	  	
WILMINGTON, NC 28405

	
Leased

	  	
3152

	  	
11/05/1998

	  	
FLORENCE

	  	
3114 E. PALMETTO ST.

	  	
FLORENCE, SC 29506

  

Page 16

  

 

Store Property Type and Address

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3154

	  	
02/25/1999

	  	
RANDOLPH

	  	
11315 N.  MAIN STREET

	  	
ARCHDALE, NC 27263-2856

	
Leased

	  	
3155

	  	
02/25/1999

	  	
NOTTOWAY

	  	
321 CHURCH STREET

	  	
BLACKSTONE,  VA 23824-1601

	
Leased

	  	
3156

	  	
02/25/1999

	  	
BLADEN

	  	
318 WEST SEABOARD STREET

	  	
BLADENBORO, NC 28320-9710

	
Leased

	  	
3157

	  	
02/25/1999

	  	
CARTERET

	  	
302 W.B.  MCLEAN DR.

	  	
CAPE CARTERET,  NC 28584-9

	
Leased

	  	
3158

	  	
02/25/1999

	  	
MOORE

	  	
401 MONROE STREET

	  	
CARTHAGE,  NC 28327

	
Leased

	  	
3159

	  	
02/25/1999

	  	
ORANGE

	  	
1509 E.  FRANKLIN STREET

	  	
CHAPEL HILL, NC 27514-288

	
Leased

	  	
3160

	  	
02/25/1999

	  	
FORSYTH

	  	
2471 LEWISVILLE-CLEMMONS

	  	
CLEMMONS, NC 27012-8709

	
Leased

	  	
3161

	  	
02/25/1999

	  	
DURHAM

	  	
3301 GUESS ROAD

	  	
DURHAM, NC 27705-2105

	
Leased

	  	
3162

	  	
02/25/1999

	  	
DURHAM

	  	
2301 HOLLOWAY STREET

	  	
DURHAM, NC 27703-3315

	
Leased

	  	
3163

	  	
02/25/1999

	  	
DURHAM

	  	
2322 HIGHWAY 54

	  	
DURHAM, NC 27713-9714

	
Leased

	  	
3164

	  	
02/25/1999

	  	
CHOWAN

	  	
200 N BROAD STREET

	  	
EDENTON,  NC 27932-1904

	
Leased

	  	
3165

	  	
02/25/1999

	  	
PASQUOTANK

	  	
1313 W.  EHRINGHAUS ST.

	  	
ELIZABETH CITY,  NC 27909-

	
Leased

	  	
3166

	  	
02/25/1999

	  	
BLADEN

	  	
340 S.  POPLAR STREET

	  	
ELIZABETHTOWN, NC 28337-0

	
Leased

	  	
3167

	  	
02/25/1999

	  	
ROBESON

	  	
310 WALNUT STREET

	  	
FAIRMONT, NC 28340-2036

	
Leased

	  	
3168

	  	
02/25/1999

	  	
CUMBERLAND

	  	
400 GROVE STREET

	  	
FAYETTEVILLE, NC 28301-09

	
Leased

	  	
3170

	  	
02/25/1999

	  	
CUMBERLAND

	  	
2410 OWEN DRIVE

	  	
FAYETTEVILLE,  NC 28306-29

	
Leased

	  	
3171

	  	
02/25/1999

	  	
WAKE

	  	
1529 N.  MAIN STREET

	  	
FUQUAY-VARINA,  NC 27526-9

	
Leased

	  	
3172

	  	
02/25/1999

	  	
ALAMANCE

	  	
419 S. MAIN STREET

	  	
GRAHAM, NC 27253-3303

	
Leased

	  	
3174

	  	
02/25/1999

	  	
CRAVEN

	  	
1234 E.  MAIN STREET

	  	
HAVELOCK, NC 28532-2405

	
Leased

	  	
3175

	  	
02/25/1999

	  	
GUILFORD

	  	
1901 WESTCHESTER DRIVE

	  	
HIGH POINT, NC 27260-7011

	
Leased

	  	
3176

	  	
02/25/1999

	  	
GUILFORD

	  	
2608 S. MAIN STREET

	  	
HIGH POINT,  NC 27263-1941

	
Leased

	  	
3177

	  	
02/25/1999

	  	
FORSYTH

	  	
801 BODENHAMER STREET

	  	
KERNERSVILLE, NC 27284-31

	
Leased

	  	
3178

	  	
02/25/1999

	  	
STOKES

	  	
583 S MAIN STREET

	  	
KING,  NC 27021

	
Leased

	  	
3179

	  	
02/25/1999

	  	
LENOIR

	  	
2011 W. VERNON AVE.

	  	
KINSTON, NC 28504-3329

	
Leased

	  	
3180

	  	
02/25/1999

	  	
LENOIR

	  	
2305 N.  HERITAGE ST.

	  	
KINSTON,  NC 28501-1601

	
Leased

	  	
3183

	  	
02/25/1999

	  	
DAVIDSON

	  	
1401 WINSTON RD

	  	
LEXINGTON, NC 27292-1448

	
Leased

	  	
3184

	  	
02/25/1999

	  	
DAVIDSON

	  	
905 S. TALBERT BLVD

	  	
LEXINGTON,  NC 27292-3937

	
Leased

	  	
3185

	  	
02/25/1999

	  	
ROCKINGHAM

	  	
226 W. HARRISON ST

	  	
REIDSVILLE, NC 27320-5012

	
Leased

	  	
3186

	  	
02/25/1999

	  	
NASH

	  	
737 RALEIGH RD

	  	
ROCKY MOUNT,  NC 27803-262

	
Leased

	  	
3188

	  	
02/25/1999

	  	
FORSYTH

	  	
1065 BETHANIA-RURAL HALL

	  	
RURAL HALL, NC 27045-9706

	
Leased

	  	
3189

	  	
02/25/1999

	  	
ROWAN

	  	
2270 STATESVILLE ROAD

	  	
SALISBURY,  NC 28147-9166

	
Leased

	  	
3190

	  	
02/25/1999

	  	
HALIFAX

	  	
826 S.  MAIN STREET

	  	
SCOTLAND NECK, NC 27874-1

	
Leased

	  	
3191

	  	
02/25/1999

	  	
FORSYTH

	  	
4401 KERNERSVILLE RD

	  	
KERNERSVILLE, NC 27284-81

	
Leased

	  	
3192

	  	
02/25/1999

	  	
CHATHAM

	  	
14685 HWY 64 W

	  	
SILER CITY,  NC 27344

	
Leased

	  	
3193

	  	
02/25/1999

	  	
JOHNSTON

	  	
1331 BRIGHTLEAF BLVD

	  	
SMITHFIELD, NC 27577-4230

	
Leased

	  	
3194

	  	
02/25/1999

	  	
IREDELL

	  	
102 SIGNAL HILL RD

	  	
STATESVILLE,  NC 28625-430

	
Leased

	  	
3195

	  	
02/25/1999

	  	
IREDELL

	  	
1542 SALISBURY HIGHWAY

	  	
STATESVILLE, NC 28677-625

	
Leased

	  	
3196

	  	
02/25/1999

	  	
DAVIDSON

	  	
705 NATIONAL HIGHWAY

	  	
THOMASVILLE,  NC 27360-263

	
Leased

	  	
3197

	  	
02/25/1999

	  	
DUPLIN

	  	
1330 N. NORWOOD STREET

	  	
WALLACE, NC 28466-1332

	
Leased

	  	
3198

	  	
02/25/1999

	  	
BEAUFORT

	  	
481 FIFTH & BRIDGES ST

	  	
WASHINGTON, NC 27889-4308

	
Leased

	  	
3199

	  	
02/25/1999

	  	
COLUMBUS

	  	
703 N. MADISON STREET

	  	
WHITEVILLE, NC 28472-3330

	
Leased

	  	
3200

	  	
02/25/1999

	  	
WILKES

	  	
610 W MAIN STREET

	  	
WILKESBORO, NC 28697-2835

	
Leased

	  	
3201

	  	
02/25/1999

	  	
WILSON

	  	
2877 WARD BLVD

	  	
WILSON,  NC 27893-1746

	
Leased

	  	
3202

	  	
02/25/1999

	  	
FORSYTH

	  	
289 S STRATFORD ROAD

	  	
WINSTON-SALEM, NC 27103-1

	
Leased

	  	
3203

	  	
02/25/1999

	  	
FORSYTH

	  	
3499 ROBIN HOOD ROAD

	  	
WINSTON-SALEM,  NC 27106-4

	
Leased

	  	
3204

	  	
02/25/1999

	  	
FORSYTH

	  	
4843 COUNTRY CLUB RD.

	  	
WINSTON-SALEM, NC 27104-4

	
Leased

	  	
3205

	  	
02/25/1999

	  	
FORSYTH

	  	
106 HICKORY TREE RD.

	  	
WINSTON-SALEM,  NC 27107

	
Leased

	  	
3206

	  	
02/25/1999

	  	
ALBEMARLE

	  	
1099 RIO ROAD

	  	
CHARLOTTESVILLE, VA 22901

	
Leased

	  	
3207

	  	
02/25/1999

	  	
Covington (city

	  	
1106 S MONROE STREET

	  	
COVINGTON, VA 24426-2053

	
Leased

	  	
3209

	  	
02/25/1999

	  	
ROANOKE

	  	
3919 ELECTRIC ROAD

	  	
ROANOKE, VA 24018

	
Leased

	  	
3210

	  	
02/25/1999

	  	
Staunton (city)

	  	
636 GREENVILLE AVE.

	  	
STAUNTON, VA 24401-4804

	
Leased

	  	
3211

	  	
02/25/1999

	  	
SHENANDOAH

	  	
629 S.  MAIN STREET

	  	
WOODSTOCK, VA 22664-1259

  

Page 17

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3212

	  	
02/25/1999

	  	
WYTHE

	  	
690 E.  MAIN STREET

	  	
WYTHEVILLE, VA 24382-2035

	
Leased

	  	
3214

	  	
07/15/1999

	  	
KERSHAW

	  	
840 HWY 1 SOUTH

	  	
LUGOFF, SC 29078

	
Leased

	  	
3215

	  	
07/15/1999

	  	
RICHLAND

	  	
8200 TWO NOTCH ROAD

	  	
COLUMBIA, SC 29223

	
Leased

	  	
3216

	  	
07/15/1999

	  	
FLORENCE

	  	
3817 W.  PALMETTO STREET

	  	
FLORENCE,  SC 29501

	
Leased

	  	
3217

	  	
07/15/1999

	  	
MARION

	  	
200 E.  MCINTYRE STREET

	  	
MULLINS, SC 29574

	
Leased

	  	
3219

	  	
07/15/1999

	  	
DILLON

	  	
1375 HWY 38 WEST

	  	
LATTA,  SC 29565

	
Leased

	  	
3220

	  	
07/15/1999

	  	
HORRY

	  	
1599 US HWY 17

	  	
LITTLE RIVER, SC 29566

	
Leased

	  	
3221

	  	
07/15/1999

	  	
HORRY

	  	
1929 10TH AVE NORTH

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
3222

	  	
07/15/1999

	  	
DILLON

	  	
201 HWY 301 SOUTH

	  	
DILLON, SC 29536

	
Leased

	  	
3223

	  	
07/15/1999

	  	
FLORENCE

	  	
4735 E.  PALMETTO STREET

	  	
FLORENCE,  SC 29506

	
Leased

	  	
3224

	  	
07/15/1999

	  	
HORRY

	  	
2863 S. HWY 17 & ATLANTIC

	  	
GARDEN CITY,  SC 29576

	
Leased

	  	
3225

	  	
07/15/1999

	  	
HORRY

	  	
669 HWY 544

	  	
CONWAY, SC 29526

	
Leased

	  	
3226

	  	
07/15/1999

	  	
HORRY

	  	
1217 3RD AVE. SOUTH

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
3227

	  	
07/15/1999

	  	
FLORENCE

	  	
210 NATIONAL CEMETARY RD

	  	
FLORENCE, SC 29501

	
Leased

	  	
3228

	  	
07/15/1999

	  	
HORRY

	  	
1600 CHURCH STREET

	  	
CONWAY, SC 29526

	
Leased

	  	
3229

	  	
07/15/1999

	  	
GEORGETOWN

	  	
3741 HWY 17 SOUTH

	  	
MURRELLS INLET, SC 29576

	
Leased

	  	
3230

	  	
07/15/1999

	  	
MARION

	  	
1401 E LIBERTY ST

	  	
MARION, SC 29571

	
Leased

	  	
3231

	  	
07/15/1999

	  	
FLORENCE

	  	
3200 PINE NEEDLES RD

	  	
FLORENCE, SC 29501

	
Leased

	  	
3232

	  	
07/15/1999

	  	
HORRY

	  	
2590 GLENNS BAY ROAD

	  	
SURFSIDE BEACH,  SC 29575

	
Leased

	  	
3233

	  	
07/15/1999

	  	
FLORENCE

	  	
717 SECOND LOOP ROAD

	  	
FLORENCE,  SC 29501

	
Leased

	  	
3235

	  	
07/15/1999

	  	
DILLON

	  	
402 S.  RICHARDSON ST

	  	
LATTA, SC 29565

	
Leased

	  	
3236

	  	
07/15/1999

	  	
FLORENCE

	  	
103 PAMPLICO HWY N.

	  	
PAMPLICO, SC 29583

	
Leased

	  	
3237

	  	
07/15/1999

	  	
FLORENCE

	  	
104 GEORGETOWN AVE

	  	
JOHNSONVILLE,  SC 29555

	
Leased

	  	
3238

	  	
07/15/1999

	  	
KERSHAW

	  	
433 SUMTER HWY

	  	
CAMDEN, SC 29020

	
Leased

	  	
3239

	  	
07/15/1999

	  	
KERSHAW

	  	
136 E.  DEKALB STREET

	  	
CAMDEN,  SC 29020

	
Leased

	  	
3240

	  	
07/15/1999

	  	
FLORENCE

	  	
728 SOUTH CASHUA DRIVE

	  	
FLORENCE, SC 29501

	
Leased

	  	
3241

	  	
07/15/1999

	  	
HORRY

	  	
1405 S. KINGS HWY

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
3242

	  	
08/12/1999

	  	
KERSHAW

	  	
2501 N.  BROAD STREET

	  	
CAMDEN, SC 29020

	
Leased

	  	
3243

	  	
07/22/1999

	  	
AIKEN

	  	
3540 RICHLAND DRIVE

	  	
WEST AIKEN,  SC 29801

	
Leased

	  	
3244

	  	
07/22/1999

	  	
AIKEN

	  	
1850 WHISKEY ROAD

	  	
AIKEN,  SC 29803

	
Leased

	  	
3245

	  	
07/22/1999

	  	
AIKEN

	  	
349 EDGEFIELD DRIVE

	  	
BELVEDERE,  SC 29841

	
Leased

	  	
3246

	  	
07/22/1999

	  	
AIKEN

	  	
1107 YORK STREET

	  	
AIKEN,  SC 29801

	
Leased

	  	
3247

	  	
07/22/1999

	  	
AIKEN

	  	
3533 AUGUSTA ROAD

	  	
WARRENVILLE, SC 29851

	
Leased

	  	
3248

	  	
07/22/1999

	  	
AIKEN

	  	
318 HAMPTON

	  	
AIKEN,  SC 29801

	
Leased

	  	
3249

	  	
07/22/1999

	  	
AIKEN

	  	
421 W MARTINTOWN RD

	  	
NORTH AUGUSTA, SC 29841

	
Leased

	  	
3250

	  	
07/22/1999

	  	
AIKEN

	  	
702 SILVER BLUFF RD

	  	
AIKEN,  SC 29803

	
Leased

	  	
3251

	  	
07/22/1999

	  	
AIKEN

	  	
1176 AUGUSTA ROAD

	  	
BATH,  SC 29816

	
Leased

	  	
3252

	  	
07/22/1999

	  	
AIKEN

	  	
1011 EAST PINE LOG ROAD

	  	
AIKEN,  SC 29803

	
Leased

	  	
3253

	  	
07/22/1999

	  	
AIKEN

	  	
101 ATOMIC ROAD

	  	
JACKSON, SC 29831

	
Leased

	  	
3254

	  	
07/22/1999

	  	
LEXINGTON

	  	
I-20 AND RTE 6

	  	
LEXINGTON,  SC 29072

	
Leased

	  	
3256

	  	
07/22/1999

	  	
AIKEN

	  	
937 EDGE FIELD RD

	  	
NORTH AUGUSTA, SC 29841

	
Leased

	  	
3257

	  	
07/22/1999

	  	
AIKEN

	  	
2981 WHISKEY ROAD

	  	
AIKEN,  SC 29803

	
Leased

	  	
3261

	  	
07/22/1999

	  	
Richmond

	  	
3011 WASHINGTON ROAD

	  	
AUGUSTA,  GA 30907

	
Leased

	  	
3262

	  	
07/22/1999

	  	
Richmond

	  	
3434 WRIGHTSBORO ROAD

	  	
AUGUSTA,  GA 30909

	
Leased

	  	
3263

	  	
07/22/1999

	  	
Richmond

	  	
4101 WINDSOR SPRING ROAD

	  	
HEPHZIBAH, GA 30815

	
Leased

	  	
3264

	  	
07/22/1999

	  	
Richmond

	  	
2822 PEACH ORCHARD RD

	  	
AUGUSTA,  GA 30907

	
Leased

	  	
3266

	  	
07/22/1999

	  	
Richmond

	  	
3003 DEANS BRIDGE ROAD

	  	
AUGUSTA, GA 30906

	
Leased

	  	
3267

	  	
07/22/1999

	  	
LEXINGTON

	  	
5500 SUNSET BLVD

	  	
LEXINGTON,  SC 29072

	
Leased

	  	
3270

	  	
07/22/1999

	  	
Richmond

	  	
1494 JONES STREET

	  	
AUGUSTA, GA 30901

	
Leased

	  	
3271

	  	
07/22/1999

	  	
AIKEN

	  	
2655 COLUMBIA HWY NORTH

	  	
AIKEN,  SC 29801

	
Leased

	  	
3272

	  	
07/22/1999

	  	
LEXINGTON

	  	
4048 CHARLESTON HWY

	  	
WEST COLUMBIA, SC 29172

	
Leased

	  	
3273

	  	
07/22/1999

	  	
LEXINGTON

	  	
1100 SOUTH LAKE DRIVE

	  	
LEXINGTON, SC 29072

  

Page 18

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3274

	  	
07/22/1999

	  	
LEXINGTON

	  	
959 OLD CHREOKEE RD

	  	
LEXINGTON, SC 29072

	
Leased

	  	
3275

	  	
07/22/1999

	  	
Richmond

	  	
3333 WASHINGTON RD

	  	
MARTINEZ,  GA 30907

	
Leased

	  	
3277

	  	
07/22/1999

	  	
GREENVILLE

	  	
3713 EAST NORTH ST

	  	
GREENVILLE,  SC 29615

	
Leased

	  	
3278

	  	
07/22/1999

	  	
GREENVILLE

	  	
1001 WOODRUFF ROAD

	  	
GREENVILLE,  SC 29607

	
Leased

	  	
3280

	  	
07/22/1999

	  	
GREENVILLE

	  	
901 W WADE HAMPTON BLVD

	  	
GREER, SC 29650

	
Leased

	  	
3281

	  	
07/22/1999

	  	
GREENVILLE

	  	
7901 WHITE HORSE RD

	  	
GREENVILLE,  SC 29611

	
Leased

	  	
3282

	  	
07/22/1999

	  	
GREENVILLE

	  	
820 CHURCH STREET

	  	
GREENVILLE,  SC 29601

	
Leased

	  	
3283

	  	
07/22/1999

	  	
GREENVILLE

	  	
2008 ANDERSON ROAD

	  	
GREENVILLE,  SC 29611

	
Leased

	  	
3284

	  	
07/22/1999

	  	
GREENVILLE

	  	
906 HAYWOOD ROAD

	  	
GREENVILLE,  SC 29615

	
Leased

	  	
3285

	  	
07/22/1999

	  	
GREENVILLE

	  	
5010 PELHAM RD

	  	
GREENVILLE,  SC 29615

	
Leased

	  	
3286

	  	
07/22/1999

	  	
GREENVILLE

	  	
1814 WOODRUFF ROAD

	  	
GREENVILLE, SC 29615

	
Leased

	  	
3287

	  	
07/22/1999

	  	
GREENVILLE

	  	
1609 WEST BLUE RIDGE

	  	
GREENVILLE,  SC 29611

	
Leased

	  	
3289

	  	
07/22/1999

	  	
GREENVILLE

	  	
2571 WOODRUFF RD

	  	
SIMPSONVILLE,  SC 29681

	
Leased

	  	
3290

	  	
07/22/1999

	  	
SPARTANBURG

	  	
1460 W.O.  EZELL BLVD

	  	
SPARTANBURG,  SC 29301

	
Leased

	  	
3292

	  	
07/22/1999

	  	
SPARTANBURG

	  	
1812 EAST MAIN STREET

	  	
SPARTANBURG,  SC 29301

	
Leased

	  	
3294

	  	
07/22/1999

	  	
SPARTANBURG

	  	
2195 EAST MAIN STREET

	  	
DUNCAN,  SC 29334

	
Leased

	  	
3296

	  	
08/19/1999

	  	  	  	
2171 N HWY 17

	  	
MOUNT PLEASANT,  SC 29464

	
Leased

	  	
3297

	  	
10/07/1999

	  	
CHATHAM

	  	
201 EAST 11TH ST HWY 64

	  	
SILER CITY, NC 27344

	
Leased

	  	
3298

	  	
10/07/1999

	  	
CHATHAM

	  	
196 SANFORD ROAD

	  	
PITTSBORO,  NC 27312

	
Leased

	  	
3299

	  	
10/07/1999

	  	
LEE

	  	
3106 S.  HORNER BLVD

	  	
SANFORD,  NC 27330

	
Leased

	  	
3300

	  	
10/07/1999

	  	
LEE

	  	
12457 HWY 421 SOUTH

	  	
BROADWAY,  NC 27505

	
Leased

	  	
3301

	  	
10/07/1999

	  	
MOORE

	  	
11495 HWY 15-501 AND 211

	  	
ABERDEEN,  NC 28315

	
Leased

	  	
3302

	  	
10/07/1999

	  	
WAKE

	  	
1414 E WILLIAMS ST HWY 55

	  	
APEX,  NC 27502

	
Leased

	  	
3303

	  	
10/07/1999

	  	
WAKE

	  	
2506 S.  SAUNDERS AND I-40

	  	
RALEIGH, NC 27603

	
Leased

	  	
3304

	  	
11/11/1999

	  	
Hall

	  	
2640 DAWSONVILLE HWY

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3305

	  	
11/11/1999

	  	
Hall

	  	
937 QUEEN CITY PARKWAY

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3307

	  	
11/11/1999

	  	
Hall

	  	
1261 THOMPSON BRIDGE RD

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3308

	  	
11/11/1999

	  	
Hall

	  	
615 E E BUTLER ST

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3309

	  	
11/11/1999

	  	
Hall

	  	
3471 MUNDY MILL RD

	  	
OAKWOOD,  GA 30542

	
Leased

	  	
3310

	  	
11/11/1999

	  	
Habersham

	  	
1007 NORTH MAIN STREET

	  	
CORNELIA,  GA 30531

	
Leased

	  	
3311

	  	
11/11/1999

	  	
Hall

	  	
1785 BROWNS BRIDGE RD

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3312

	  	
11/11/1999

	  	
Hall

	  	
1680 PARK HILL RD

	  	
GAINESVILLE, GA 30501

	
Leased

	  	
3314

	  	
11/11/1999

	  	
Hall

	  	
506 JESSE JEWELL PKWY SW

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3315

	  	
11/11/1999

	  	
Clarke

	  	
615 EAST SPRING ST

	  	
MONROE,  GA 30655

	
Leased

	  	
3316

	  	
11/11/1999

	  	
Clarke

	  	
1333 LUMPKIN ST

	  	
ATHENS, GA 30606

	
Leased

	  	
3317

	  	
11/11/1999

	  	
Jackson

	  	
614 S BROAD ST

	  	
COMMERCE,  GA 30529

	
Leased

	  	
3318

	  	
11/11/1999

	  	
Dawson

	  	
78 HWY 9 NORTH

	  	
DAWSONVILLE,  GA 30534

	
Leased

	  	
3319

	  	
11/11/1999

	  	
White

	  	
301 N MAIN ST

	  	
CLEVELAND,  GA 30528

	
Leased

	  	
3320

	  	
11/11/1999

	  	
white

	  	
990 PRINCE AVE

	  	
ATHENS, GA 30605

	
Leased

	  	
3321

	  	
11/11/1999

	  	
Hall

	  	
3350 THOMPSON BRIDGE RD

	  	
GAINESVILLE,  GA 30506

	
Leased

	  	
3322

	  	
11/11/1999

	  	
Hall

	  	
1260 CANDLER RD

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3323

	  	
11/11/1999

	  	
Hall

	  	
2550 LIMESTONE PKWY

	  	
GAINESVILLE,  GA 30501

	
Leased

	  	
3324

	  	
11/11/1999

	  	
Habersham

	  	
5000 TALMADGE DRIVE

	  	
HOLLYWOOD,  GA 30523

	
Leased

	  	
3325

	  	
11/11/1999

	  	
Barrow

	  	
634 CHRISTMAS AVE

	  	
BETHLEHEM,  GA 30620

	
Leased

	  	
3326

	  	
11/11/1999

	  	
Henry

	  	
1080 JODECO RD

	  	
STOCKBRIDGE,  GA 30281

	
Leased

	  	
3328

	  	
11/11/1999

	  	
Henry

	  	
5080 BILL GARDNER PKY

	  	
LOCUST GROVE,  GA 30248

	
Leased

	  	
3330

	  	
11/11/1999

	  	
Henry

	  	
32 E MAIN ST

	  	
HAMPTON,  GA 30228

	
Leased

	  	
3331

	  	
11/11/1999

	  	
Spalding

	  	
3420 JACKSON RD

	  	
GRIFFIN, GA 30253

	
Leased

	  	
3332

	  	
11/11/1999

	  	
Henry

	  	
610 MACON ST

	  	
MCDONOUGH, GA 30253

	
Leased

	  	
3333

	  	
11/11/1999

	  	
Henry

	  	
978 HWY 155 W

	  	
MCDONOUGH, GA 30253

	
Leased

	  	
3334

	  	
11/11/1999

	  	
Habersham

	  	
1291 LEVEL GROVE RD

	  	
CORNELIA, GA 30531

	
Leased

	  	
3336

	  	
11/11/1999

	  	
Gwinnett

	  	
2275 BUFORD HWY

	  	
BUFORD,  GA 30518

  

Page 19

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3337

	  	
11/11/1999

	  	
Dawson

	  	
5425 HWY 53 EAST

	  	
DAWSONVILLE,  GA 30534

	
Leased

	  	
3339

	  	
11/11/1999

	  	
Hall

	  	
2412 OLD CORNELIA HWY

	  	
GAINESVILLE,  GA 30507

	
Leased

	  	
3341

	  	
11/11/1999

	  	
Barrow

	  	
1334 ATLANTA HWY NW

	  	
AUBURN,  GA 30011

	
Leased

	  	
3342

	  	
11/11/1999

	  	
Hall

	  	
5804 CORNELIA HWY

	  	
ALTO,  GA 30510

	
Leased

	  	
3343

	  	
11/11/1999

	  	
Rockdale

	  	
2992 HWY 155

	  	
STOCKBRIDGE,  GA 30281

	
Leased

	  	
3344

	  	
11/11/1999

	  	
Henry

	  	
3148 JODECO RD

	  	
MCDONOUGH,  GA 30253

	
Leased

	  	
3345

	  	
11/11/1999

	  	
Barrow

	  	
93 EAST MAY ST

	  	
WINDER,  GA 30680

	
Leased

	  	
3346

	  	
11/11/1999

	  	
Clarke

	  	
290 US HWY 29 N

	  	
ATHENS, GA 30601

	
Leased

	  	
3347

	  	
11/11/1999

	  	
Henry

	  	
181 FAIRVIEW RD

	  	
STOCKBRIDGE,  GA 30281

	
Leased

	  	
3349

	  	
11/11/1999

	  	
Madison

	  	
18 HWY 72 WEST

	  	
COMER, GA 30629

	
Leased

	  	
3350

	  	
11/11/1999

	  	
Henry

	  	
4315 JODECO RD

	  	
MCDONOUGH,  GA 30253

	
Leased

	  	
3353

	  	
11/04/1999

	  	  	  	
1141 OLD TOWNE ROAD

	  	
CHARLESTON, SC 29407

	
Leased

	  	
3354

	  	
11/04/1999

	  	
CHARLESTON

	  	
5255 RIVERS AVE

	  	
NORTH CHARLESTON,  SC 2940

	
Leased

	  	
3355

	  	
11/04/1999

	  	  	  	
1968 MEETING STREET

	  	
CHARLESTON, SC 29404

	
Leased

	  	
3356

	  	
11/04/1999

	  	
CHARLESTON

	  	
897 FOLLY ROAD

	  	
CHARLESTON,  SC 29412

	
Leased

	  	
3357

	  	
11/04/1999

	  	  	  	
349 COLEMAN BLVD

	  	
MOUNT PLEASANT,  SC 29464

	
Leased

	  	
3358

	  	
11/04/1999

	  	  	  	
1301 SAM RITTENBERG RD

	  	
CHARLESTON,  SC 29407

	
Leased

	  	
3359

	  	
11/04/1999

	  	  	  	
1406 SAVANNAH HWY

	  	
CHARLESTON,  SC 29407

	
Leased

	  	
3361

	  	
01/27/2000

	  	
BERKELEY

	  	
110 SOUTH HIGHWAY 52

	  	
MONCKS CORNER,  SC 29461

	
Leased

	  	
3362

	  	
01/27/2000

	  	
BERKELEY

	  	
2276 N HWY 52

	  	
BONNEAU, SC 29431

	
Leased

	  	
3363

	  	
01/27/2000

	  	
BERKELEY

	  	
3862 BYRNES DRIVE

	  	
ST STEPHEN,  SC 29431

	
Leased

	  	
3364

	  	
01/27/2000

	  	
Galax (city)

	  	
806 S MAIN ST

	  	
GALAX, VA 24333

	
Leased

	  	
3365

	  	
01/27/2000

	  	
Galax (city)

	  	
532 E STUART DRIVE

	  	
GALAX, VA 24333

	
Leased

	  	
3366

	  	
01/27/2000

	  	
Galax (city)

	  	
967-A E STUART DR

	  	
GALAX, VA 24333

	
Leased

	  	
3367

	  	
01/27/2000

	  	
CARROLL

	  	
62 KELLY RD

	  	
FANCY GAP, VA 24328

	
Leased

	  	
3368

	  	
01/27/2000

	  	
SURRY

	  	
2372 ZEPHYR RD

	  	
DOBSON,  NC 27017

	
Leased

	  	
3369

	  	
01/27/2000

	  	
CARROLL

	  	
2662 CARROLLTON PIKE

	  	
HILLSVILLE, VA 24343

	
Leased

	  	
3370

	  	
01/27/2000

	  	
WYTHE

	  	
125 HOLSTON RD

	  	
WYTHEVILLE, VA 24382

	
Leased

	  	
3372

	  	
01/27/2000

	  	
CARROLL

	  	
14264 FANCY GAP HWY

	  	
CANA, VA 24317

	
Leased

	  	
3373

	  	
01/27/2000

	  	
SMYTH

	  	
5522 HWY 11

	  	
ATKINS, VA 24311

	
Leased

	  	
3375

	  	
01/27/2000

	  	
CARROLL

	  	
140 E STUART DR

	  	
HILLSVILLE, VA 24343

	
Leased

	  	
3376

	  	
01/27/2000

	  	
CARROLL

	  	
7115 CHANCES CREEK RD

	  	
FANCY GAP, VA 24328

	
Leased

	  	
3377

	  	
04/20/2000

	  	
BEAUFORT

	  	
1 B REGENCY PARKWAY

	  	
HILTON HEAD ISLAND,  SC 29

	
Leased

	  	
3378

	  	
04/27/2000

	  	
SUMTER

	  	
1281 BROAD STREET

	  	
SUMTER, SC 29150

	
Leased

	  	
3379

	  	
04/27/2000

	  	
SUMTER

	  	
1 N. WASHINGTON STREET

	  	
SUMTER, SC 29150

	
Leased

	  	
3380

	  	
04/27/2000

	  	
SUMTER

	  	
660 W.  LIBERTY STREET

	  	
SUMTER,  SC 29150

	
Leased

	  	
3381

	  	
04/27/2000

	  	
SUMTER

	  	
484 PINEWOOD ROAD

	  	
SUMTER,  SC 29154

	
Leased

	  	
3382

	  	
04/27/2000

	  	
SUMTER

	  	
2995 BROAD STREET

	  	
SUMTER, SC 29154

	
Leased

	  	
3383

	  	
09/07/2000

	  	
Newport News (c

	  	
683 J.  CLYDE MORRIS BLVD.

	  	
NEWPORT NEWS,  VA 23601

	
Leased

	  	
3384

	  	
06/29/2000

	  	
Jackson

	  	
1501 BIENVILLE HWY

	  	
OCEAN SPRINGS,  MS 39564

	
Leased

	  	
3385

	  	
06/29/2000

	  	
Forest

	  	
7060 HIGHWAY 49 NORTH

	  	
HATTIESBURG,  MS 39402

	
Leased

	  	
3386

	  	
06/29/2000

	  	
Forest

	  	
2273 HWY 49

	  	
BROOKLYN,  MS 39425

	
Leased

	  	
3387

	  	
06/29/2000

	  	
Perry

	  	
91933 HIGHWAY 98

	  	
MCLAIN,  MS 39456

	
Leased

	  	
3388

	  	
06/29/2000

	  	
Lauderdale

	  	
1408 ROEBUCK

	  	
MERIDIAN,  MS 39301

	
Leased

	  	
3389

	  	
06/29/2000

	  	
Harrison

	  	
13490 HIGHWAY 49 N

	  	
GULFPORT, MS 39507

	
Leased

	  	
3390

	  	
06/29/2000

	  	
Perry

	  	
403 HIGHWAY 98 WEST

	  	
NEW AUGUSTA,  MS 39462

	
Leased

	  	
3391

	  	
06/29/2000

	  	
Jones

	  	
101 FRONT STREET

	  	
SANDERSVILLE, MS 39477

	
Leased

	  	
3392

	  	
06/29/2000

	  	
Jones

	  	
905 CHANTILLY STREET

	  	
LAUREL,  MS 39440

	
Leased

	  	
3393

	  	
06/29/2000

	  	
Pearl

	  	
1102 SOUTH MAIN STREET

	  	
POPLARVILLE,  MS 39470

	
Leased

	  	
3395

	  	
06/29/2000

	  	
Forest

	  	
4050 HIGHWAY 11 SOUTH

	  	
HATTIESBURG,  MS 39402

	
Leased

	  	
3396

	  	
06/29/2000

	  	
Covington

	  	
2985 HIGHWAY 49

	  	
COLLINS, MS 39428

	
Leased

	  	
3397

	  	
06/29/2000

	  	
Simpson

	  	
121 PINOLA DRIVE

	  	
MAGEE,  MS 39111

  

Page 20

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3398

	  	
06/29/2000

	  	
Lamar

	  	
4607 HARDY STREET

	  	
HATTIESBURG, MS 39402

	
Leased

	  	
3399

	  	
06/29/2000

	  	
Lamar

	  	
4904 HARDY STREET

	  	
HATTIESBURG,  MS 39402

	
Leased

	  	
3401

	  	
06/29/2000

	  	
Marion

	  	
519 HIGHWAY 98 BYPASS

	  	
COLUMBIA,  MS 39429

	
Leased

	  	
3402

	  	
09/28/2000

	  	
Marion

	  	
1911 S AZALEA DRIVE

	  	
WIGGINS, MS 39577-8111

	
Leased

	  	
3403

	  	
06/29/2000

	  	
SPARTANBURG

	  	
2445 COUNTRY CLUB RD

	  	
SPARTANBURG,  SC 29302

	
Leased

	  	
3404

	  	
06/29/2000

	  	
UNION

	  	
908 S DUNCAN BYPASS

	  	
UNION, SC 29379

	
Leased

	  	
3405

	  	
06/29/2000

	  	
SPARTANBURG

	  	
7800 WARREN H. ABERNATHY

	  	
SPARTANBURG,  SC 29301

	
Leased

	  	
3407

	  	
06/29/2000

	  	
SPARTANBURG

	  	
118 CEDAR SPRINGS RD

	  	
SPARTANBURG, SC 29302

	
Leased

	  	
3408

	  	
06/29/2000

	  	
SPARTANBURG

	  	
688 E MAIN STREET

	  	
SPARTANBURG, SC 29302

	
Leased

	  	
3409

	  	
06/29/2000

	  	
SPARTANBURG

	  	
1245 ASHEVILLE HWY

	  	
SPARTANBURG, SC 29303

	
Leased

	  	
3410

	  	
06/29/2000

	  	
SPARTANBURG

	  	
3106 S CHURCH ST

	  	
SPARTANBURG,  SC 29306

	
Leased

	  	
3411

	  	
06/29/2000

	  	
SPARTANBURG

	  	
2795 BOILING SPRINGS RD

	  	
BOILING SPRINGS, SC 29316

	
Leased

	  	
3412

	  	
06/29/2000

	  	
UNION

	  	
2908 FURMAN FENDLEY HWY

	  	
JONESVILLE,  SC 29353

	
Leased

	  	
3414

	  	
06/29/2000

	  	
SPARTANBURG

	  	
1605 EAST MAIN STREET

	  	
DUNCAN, SC 29334

	
Leased

	  	
3415

	  	
06/29/2000

	  	
SPARTANBURG

	  	
315 JOHN DODD RD

	  	
SPARTANBURG,  SC 29303

	
Leased

	  	
3416

	  	
06/29/2000

	  	
SPARTANBURG

	  	
6200 HWY 221

	  	
ROEBUCK,  SC 29376

	
Leased

	  	
3417

	  	
10/12/2000

	  	
SUMTER

	  	
2000 WEDGEFIELD RD

	  	
SUMTER, SC 29154-4653

	
Leased

	  	
3418

	  	
08/24/2000

	  	
HORRY

	  	
11 HWY 17 BUSINESS

	  	
NORTH SURFSIDE BEACH,  SC

	
Leased

	  	
3419

	  	
08/31/2000

	  	
PITT

	  	
2200 SOUTH EVANS STREET

	  	
GREENVILLE,  NC 27858

	
Leased

	  	
3420

	  	
09/14/2000

	  	
Rankin

	  	
2605 COURTHOUSE CIRCLE

	  	
JACKSON,  MS 39208

	
Leased

	  	
3421

	  	
09/14/2000

	  	
Rankin

	  	
1691 W.  GOVERNMENT STREET

	  	
BRANDON, MS 39042

	
Leased

	  	
3424

	  	
09/14/2000

	  	
Madison

	  	
1198 GLUCKSTADT ROAD

	  	
MADISON,  MS 39110

	
Leased

	  	
3425

	  	
09/14/2000

	  	
Hinds

	  	
3434 TERRY ROAD

	  	
JACKSON,  MS 39212

	
Leased

	  	
3428

	  	
09/14/2000

	  	
Hinds

	  	
1302 NORTH STATE STREET

	  	
JACKSON, MS 39202

	
Leased

	  	
3429

	  	
09/14/2000

	  	
Madison

	  	
1008 HWY 51 NORTH

	  	
MADISON,  MS 39110

	
Leased

	  	
3430

	  	
09/14/2000

	  	
Hinds

	  	
1157 NORTHSIDE DRIVE

	  	
JACKSON, MS 39206

	
Leased

	  	
3432

	  	
09/14/2000

	  	
Madison

	  	
725 RICE ROAD

	  	
RIDGELAND,  MS 39157

	
Leased

	  	
3433

	  	
09/14/2000

	  	
Rankin

	  	
104 GRANTS FERRY ROAD

	  	
BRANDON, MS 39042

	
Leased

	  	
3434

	  	
09/14/2000

	  	
Rankin

	  	
320 W.  GOVERNMENT STREET

	  	
BRANDON,  MS 39042

	
Leased

	  	
3435

	  	
09/14/2000

	  	
Madison

	  	
1963 HWY 43

	  	
MADISON, MS 39046

	
Leased

	  	
3436

	  	
09/14/2000

	  	
Madison

	  	
1442 WEST PEACE STREET

	  	
CANTON, MS 39046

	
Leased

	  	
3437

	  	
09/14/2000

	  	
Rankin

	  	
3100 HWY 49 SOUTH

	  	
FLORENCE,  MS 39073

	
Leased

	  	
3438

	  	
12/18/2001

	  	
CHEROKEE

	  	
403 SHELBY HIGHWAY

	  	
GAFFNEY,  SC 29340

	
Leased

	  	
3439

	  	
06/27/2002

	  	
SPARTANBURG

	  	
8998 S.C. HWY. 11

	  	
CAMPOBELLO,  SC 29322

	
Leased

	  	
3440

	  	
09/14/2000

	  	
Pearl

	  	
100 CROSS PARK DR

	  	
PEARL, MS 39208

	
Leased

	  	
3441

	  	
08/31/2000

	  	
NEWBERRY

	  	
2208 SC HIGHWAY 773

	  	
PROSPERITY, SC 29127-8469

	
Leased

	  	
3442

	  	
11/16/2000

	  	
DURHAM

	  	
3406 HWY 70E & PAGE ROAD

	  	
DURHAM, NC 27703

	
Leased

	  	
3443

	  	
12/21/2000

	  	
Warren

	  	
3400 HALLS FERRY RD

	  	
VICKSBURG,  MS 39180

	
Leased

	  	
3444

	  	
12/21/2000

	  	
warren

	  	
3140 INDIANA AVE

	  	
VICKSBURG, MS 39180

	
Leased

	  	
3445

	  	
12/21/2000

	  	
Warren

	  	
574 HWY 61 N

	  	
VICKSBURG,  MS 39180

	
Leased

	  	
3446

	  	
12/21/2000

	  	
warren

	  	
4888 HWY 61 S

	  	
VICKSBURG, MS 39180

	
Leased

	  	
3447

	  	
12/21/2000

	  	
warren

	  	
4150 WASHINGTON ST

	  	
VICKSBURG,  MS 39180

	
Leased

	  	
3448

	  	
12/21/2000

	  	
Yazoo

	  	
1501 JERRY CLOWER BLVD

	  	
YAZOO CITY, MS 39194

	
Leased

	  	
3449

	  	
12/21/2000

	  	
Washington

	  	
1541 HWY 1 S

	  	
GREENVILLE, MS 38701

	
Leased

	  	
3450

	  	
12/21/2000

	  	
MADISON

	  	
1503 HWY 65

	  	
TALLULAH,  LA 71282

	
Leased

	  	
3452

	  	
12/21/2000

	  	
MOREHOUSE

	  	
1514 E MADISON

	  	
BASTROP,  LA 71220

	
Leased

	  	
3453

	  	
12/21/2000

	  	
QUACHITA

	  	
200 BRIDGE ST

	  	
WEST MONROE,  LA 71291

	
Leased

	  	
3454

	  	
12/21/2000

	  	
QUACHITA

	  	
1501 NORTH 18TH ST

	  	
MONROE,  LA 71201

	
Leased

	  	
3455

	  	
12/21/2000

	  	
QUACHITA

	  	
1471 GARRETT RD

	  	
MONROE, LA 71202

	
Leased

	  	
3456

	  	
12/21/2000

	  	
Rankin

	  	
2391 LAKELAND DRIVE

	  	
FLOWOOD, MS 39232

	
Leased

	  	
3457

	  	
12/21/2000

	  	
Harrison

	  	
10010 HWY 49

	  	
GULFPORT, MS 39501

	
Leased

	  	
3458

	  	
12/21/2000

	  	
Harrison

	  	
1000 CEDAR LAKE

	  	
BILOXI,  MS 39530

  

Page 21

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3459

	  	
12/21/2000

	  	
Harrison

	  	
10073 RODRIQUEZ

	  	
D'IBERVILLE,  MS 39540

	
Leased

	  	
3461

	  	
12/21/2000

	  	
Jackson

	  	
1104 BIENVILLE BLVD

	  	
OCEAN SPRINGS,  MS 39564

	
Leased

	  	
3462

	  	
12/21/2000

	  	
Harrison

	  	
#1 PASS RD

	  	
GULFPORT, MS 39501

	
Leased

	  	
3465

	  	
12/21/2000

	  	
Harrison

	  	
11160 LORRAINE RD

	  	
GULFPORT,  MS 39503

	
Leased

	  	
3466

	  	
12/21/2000

	  	
Harrison

	  	
11791 HWY 15

	  	
D'IBERVILLE,  MS 39540

	
Leased

	  	
3467

	  	
12/21/2000

	  	
TANGIPAHOA

	  	
900 AVENUE G

	  	
KENTWOOD,  LA 70444

	
Leased

	  	
3468

	  	
12/21/2000

	  	
TANGIPAHOA

	  	
46011 N PUMA DR

	  	
HAMMOND,  LA 70401

	
Leased

	  	
3469

	  	
12/21/2000

	  	
Simpson

	  	
1539 SIMPSON HWY

	  	
MAGEE,  MS 39111

	
Leased

	  	
3470

	  	
02/08/2001

	  	
CABARRUS

	  	
3065 DALE EARNHARDT BLVD

	  	
KANNAPOLIS,  NC 28083

	
Leased

	  	
3471

	  	
01/25/2001

	  	
WILSON

	  	
4940 RALEIGH ROAD PKWY W

	  	
WILSON, NC 27893

	
Leased

	  	
3472

	  	
01/25/2001

	  	
LENOIR

	  	
509 E NEW BERN RD

	  	
KINSTON, NC 28504

	
Leased

	  	
3473

	  	
01/25/2001

	  	
CARTERET

	  	
5230 HWY 70 W

	  	
MOREHEAD CITY, NC 28557-4

	
Leased

	  	
3474

	  	
01/25/2001

	  	
WAYNE

	  	
2035 HWY 70 W

	  	
GOLDSBORO, NC 27530-9543

	
Leased

	  	
3475

	  	
01/25/2001

	  	
WAKE

	  	
3741 CAPITAL BLVD

	  	
RALEIGH, NC 27604-3329

	
Leased

	  	
3476

	  	
01/25/2001

	  	
GUILFORD

	  	
3302 S HOLDEN RD

	  	
GREENSBORO,  NC 27407-1410

	
Leased

	  	
3477

	  	
01/25/2001

	  	
DURHAM

	  	
4604 N ROXBORO RD

	  	
DURHAM,  NC 27704-1410

	
Leased

	  	
3478

	  	
01/25/2001

	  	
PITTSYLVANIA

	  	
9181 US HWY 29

	  	
BLAIRS, VA 24527-0284

	
Leased

	  	
3479

	  	
01/25/2001

	  	
WAKE

	  	
1900 HWY 70 E

	  	
GARNER, NC 27529-8794

	
Leased

	  	
3480

	  	
01/25/2001

	  	
MOORE

	  	
1395 US HWY 1 S

	  	
ABERDEEN,  NC 28387-6265

	
Leased

	  	
3481

	  	
01/25/2001

	  	
CUMBERLAND

	  	
5336 CLIFFDALE RD

	  	
FAYETTEVILLE, NC 28314-23

	
Leased

	  	
3482

	  	
03/22/2001

	  	
HORRY

	  	
501 HIGHWAY 17 NORTH

	  	
SURFSIDE BEACH,  SC 29587

	
Leased

	  	
3483

	  	
04/26/2001

	  	
GEORGETOWN

	  	
3525 HWY 17 S.  BUSINESS

	  	
MURRELLS INLET, SC 29576

	
Leased

	  	
3484

	  	
05/10/2001

	  	
HORRY

	  	
1501 HIGHWAY 17 NORTH

	  	
NORTH MYRTLE BEACH,  SC 29

	
Leased

	  	
3485

	  	
06/28/2001

	  	
RICHLAND

	  	
927 ELMWOOD DRIVE

	  	
COLUMBIA, SC 29201

	
Leased

	  	
3486

	  	
06/28/2001

	  	
RICHLAND

	  	
5425 FOREST DRIVE

	  	
COLUMBIA,  SC 29201

	
Leased

	  	
3487

	  	
12/27/2001

	  	
BRUNSWICK

	  	
16 OCEAN HIGHWAY WEST

	  	
SUPPLY, NC 28462

	
Leased

	  	
3488

	  	
10/09/2003

	  	
WAKE

	  	
1032 N HARRISON AVE.

	  	
CARY, NC 27513

	
Leased

	  	
3489

	  	
03/20/2003

	  	
DURHAM

	  	
7840 LEONARDO DRIVE

	  	
DURHAM,  NC 27713

	
Leased

	  	
3490

	  	
04/03/2003

	  	
HORRY

	  	
3791 OLEANDER DRIVE

	  	
MYRTLE BEACH,  SC 29577

	
Leased

	  	
3491

	  	
05/01/2003

	  	
GEORGETOWN

	  	
49 BLACK GUM DRIVE

	  	
PAWLEY'S ISLAND, SC 29585

	
Leased

	  	
3494

	  	
10/16/2003

	  	
HAMILTON

	  	
11280 DAYTON PIKE

	  	
SODDY DAISY, TN 37379

	
Leased

	  	
3495

	  	
10/16/2003

	  	
HAMILTON

	  	
4011 RINGGOLD ROAD

	  	
CHATTANOOGA, TN 37412

	
Leased

	  	
3496

	  	
10/16/2003

	  	
HAMILTON

	  	
9300 LEE HIGHWAY

	  	
OOLTEWAH, TN 37363

	
Leased

	  	
3497

	  	
10/16/2003

	  	
HAMILTON

	  	
5030 HUNTER ROAD

	  	
OOLTEWAH, TN 37363

	
Leased

	  	
3498

	  	
10/16/2003

	  	
HAMILTON

	  	
8229 MAHAN GAP ROAD

	  	
OOLTEWAH, TN 37363

	
Leased

	  	
3499

	  	
10/16/2003

	  	
Murray

	  	
225 GREEN RD.  @ HWY.  76

	  	
CHATSWORTH,  GA 30705

	
Leased

	  	
3501

	  	
10/16/2003

	  	
Whitfield

	  	
4529 CLEVELAND HWY.

	  	
COHUTTA,  GA 30710-9109

	
Leased

	  	
3502

	  	
10/16/2003

	  	
Whitfield

	  	
3608 CHATSWORTH HWY.

	  	
DALTON, GA 30720

	
Leased

	  	
3503

	  	
10/16/2003

	  	
Catoosa

	  	
5703 ALABAMA HWY.

	  	
RINGGOLD,  GA 30736

	
Leased

	  	
3504

	  	
10/16/2003

	  	
whitfield

	  	
2622 CHATTANOOGA ROAD

	  	
ROCKY FACE,  GA 30740

	
Leased

	  	
3505

	  	
10/16/2003

	  	
Whitfield

	  	
2800 S.  DIXIE HIGHWAY

	  	
DALTON, GA 30720

	
Leased

	  	
3506

	  	
10/16/2003

	  	
walker

	  	
CHATTANOOGA VALLEY ROAD

	  	
FLINSTONE, GA 30725

	
Leased

	  	
3508

	  	
10/16/2003

	  	
walker

	  	
1897 MCFARLAND GAP AVE.

	  	
ROSSVILLE,  GA 30741

	
Leased

	  	
3510

	  	
10/16/2003

	  	
Walker

	  	
400 WEST MAIN STREET

	  	
LA FAYETTE,  GA 30728

	
Leased

	  	
3511

	  	
10/16/2003

	  	
Walker

	  	
209 LEE GORDON MILL RD.

	  	
CHICKAMAUGA, GA 30707

	
Leased

	  	
3512

	  	
10/16/2003

	  	
Whitfield

	  	
2200 CLEVELAND HWY.

	  	
DALTON,  GA 30721

	
Leased

	  	
3513

	  	
10/16/2003

	  	
Gordon

	  	
1476 RED BUD ROAD

	  	
CALHOUN, GA 30701

	
Leased

	  	
3514

	  	
10/16/2003

	  	
HAMILTON

	  	
4806 HWY.  58 NORTH

	  	
CHATTANOOGA, TN 37416

	
Leased

	  	
3515

	  	
10/16/2003

	  	
HAMILTON

	  	
8701 E.  BRAINERDL

	  	
CHATTANOOGA, TN 37421

	
Leased

	  	
3516

	  	
10/16/2003

	  	
Murray

	  	
3120 HWY.  52 ALT.

	  	
CHATSWORTH,  GA 30705

	
Leased

	  	
3517

	  	
10/16/2003

	  	
HAMILTON

	  	
6960 LEE HWY.

	  	
CHATTANOOGA, TN 37421

	
Leased

	  	
3518

	  	
10/16/2003

	  	
Gordon

	  	
NORTH HWY.  41

	  	
CALHOUN,  GA 30701

  

Page 22

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3519

	  	
10/16/2003

	  	
Gordon

	  	
702 E. HIGHWAY 53 SE

	  	
CALHOUN,  GA 30701

	
Leased

	  	
3521

	  	
10/16/2003

	  	
Chattooga

	  	
406 LYLERLY HWY.

	  	
SUMMERVILLE,  GA 30747

	
Leased

	  	
3523

	  	
10/16/2003

	  	
Whitfield

	  	
1010 E. WALNUT AVE.

	  	
DALTON,  GA 30720

	
Leased

	  	
3524

	  	
10/16/2003

	  	
HAMILTON

	  	
234 BROWN'S FERRY RD.

	  	
CHATTANOOGA, TN 37419

	
Leased

	  	
3526

	  	
10/16/2003

	  	
Murray

	  	
102 E.  FORT STREET

	  	
CHATSWORTH, GA 30705

	
Leased

	  	
3527

	  	
10/16/2003

	  	
HAMILTON

	  	
2514 AMNICOLA HWY.

	  	
CHATTANOOGA, TN 37406

	
Leased

	  	
3528

	  	
10/16/2003

	  	
Dade

	  	
190 SOUTH MAIN STREET

	  	
TRENTON, GA 30752

	
Leased

	  	
3533

	  	
10/16/2003

	  	
HAMILTON

	  	
5501 HWY.  153

	  	
HIXSON, TN 37343

	
Leased

	  	
3535

	  	
10/16/2003

	  	
BRADLEY

	  	
2300 SPRING PLACE ROAD

	  	
CLEVELAND, TN 37323

	
Leased

	  	
3536

	  	
10/16/2003

	  	
Floyd

	  	
4818 ALABAMA HWY.

	  	
ROME,  GA 30161

	
Leased

	  	
3537

	  	
10/16/2003

	  	
Floyd

	  	
4350 MARTHA BERRY HWY.

	  	
ROME, GA 30161

	
Leased

	  	
3538

	  	
10/16/2003

	  	
HAMILTON

	  	
10086 DAYTON PIKE

	  	
SODDY DAISY, TN 37379

	
Leased

	  	
3539

	  	
10/16/2003

	  	
HAMILTON

	  	
6224 HIXSON PIKE

	  	
CHATTANOOGA, TN 37343

	
Leased

	  	
3540

	  	
10/16/2003

	  	
HAMILTON

	  	
1182 MOUNTAIN CREEK ROAD

	  	
CHATTANOOGA, TN 37405

	
Leased

	  	
3541

	  	
10/16/2003

	  	
HAMILTON

	  	
1005 HIXSON PIKE

	  	
CHATTANOOGA, TN 37405

	
Leased

	  	
3543

	  	
10/16/2003

	  	
HAMILTON

	  	
2501 DAYTON BLVD.

	  	
RED BANK, TN 37415

	
Leased

	  	
3544

	  	
10/16/2003

	  	
HAMILTON

	  	
902 DALLAS ROAD

	  	
CHATTANOOGA, TN 37405

	
Leased

	  	
3545

	  	
10/16/2003

	  	
HAMILTON

	  	
5710 LAKE RESORT DRIVE

	  	
CHATTANOOGA, TN 37415

	
Leased

	  	
3546

	  	
10/16/2003

	  	
BRADLEY

	  	
3480 KEITH STREET NW

	  	
CLEVELAND, TN 37312

	
Leased

	  	
3547

	  	
10/16/2003

	  	
BRADLEY

	  	
4850 GEORGETOWN PIKE

	  	
CLEVELAND, TN 37312

	
Leased

	  	
3548

	  	
10/16/2003

	  	
MCMINN

	  	
703 SOUTH WHITE STREET

	  	
ATHENS, TN 37303

	
Leased

	  	
3549

	  	
10/16/2003

	  	
Floyd

	  	
910 NORTH BROAD,  NE

	  	
ROME,  GA 30161

	
Leased

	  	
3550

	  	
10/16/2003

	  	
HAMILTON

	  	
712 SIGNAL MOUNTAIN ROAD

	  	
CHATTANOOGA, TN 37405

	
Leased

	  	
3551

	  	
10/16/2003

	  	
Floyd

	  	
6 SHORTER AVENUE

	  	
ROME,  GA 30165

	
Leased

	  	
3552

	  	
10/16/2003

	  	
HAMILTON

	  	
3740 TENNESSEE AVE.

	  	
CHATTANOOGA, TN 37409

	
Leased

	  	
3553

	  	
10/16/2003

	  	
Catoosa

	  	
5337 ALABAMA HWY.

	  	
RINGGOLD,  GA 30736

	
Leased

	  	
3554

	  	
10/16/2003

	  	
Bartow

	  	
902 JOE FRANKLIN PARKWAY

	  	
CARTERSVILLE, GA 30120

	
Leased

	  	
3555

	  	
10/16/2003

	  	
Walker

	  	
1301 LAFAYETTE ROAD

	  	
ROSSVILLE,  GA 30741

	
Leased

	  	
3556

	  	
10/16/2003

	  	
MARION

	  	
4919 MAIN STREET

	  	
JASPER, TN 37347

	
Leased

	  	
3557

	  	
10/16/2003

	  	
HAMILTON

	  	
4849 HIXSON PIKE

	  	
HIXSON, TN 37343

	
Leased

	  	
3558

	  	
10/16/2003

	  	
SEQUATCHIE

	  	
17330 RANKIN AVE.

	  	
DUNLAP, TN 37327

	
Leased

	  	
3559

	  	
10/16/2003

	  	
COFFEE

	  	
1200 MCARTHUR STREET

	  	
MANCHESTER, TN 37355

	
Leased

	  	
3560

	  	
10/16/2003

	  	
Dade

	  	
I-59 @ HWY. 136

	  	
TRENTON,  GA 30752

	
Leased

	  	
3561

	  	
10/16/2003

	  	
Catoosa

	  	
4257 CLOUD SPRINGS RD.

	  	
RINGGOLD, GA 30736

	
Leased

	  	
3562

	  	
10/16/2003

	  	
RUTHERFORD

	  	
2493 SOUTH CHURCH STREET

	  	
MURFREESBORO, TN 37127

	
Leased

	  	
3563

	  	
10/16/2003

	  	
Gordon

	  	
1401 RED BUD ROAD

	  	
CALHOUN,  GA 30701

	
Leased

	  	
3564

	  	
10/16/2003

	  	
Floyd

	  	
3070 CEDARTOWN HWY.  SW

	  	
ROME, GA 30161

	
Leased

	  	
3565

	  	
10/16/2003

	  	
COFFEE

	  	
1264 MCMINNVILLE HWY.

	  	
MANCHESTER, TN 37355

	
Leased

	  	
3566

	  	
10/16/2003

	  	
RUTHERFORD

	  	
2374 OLD FORT PKWY.

	  	
MURFREESBORO, TN 37128

	
Leased

	  	
3567

	  	
10/16/2003

	  	
COFFEE

	  	
2278 HILLSBORO BLVD.

	  	
MANCHESTER, TN 37355

	
Leased

	  	
3568

	  	
10/16/2003

	  	
BRADLEY

	  	
2695 BLACKBURN ROAD,  SE

	  	
CLEVELAND, TN 37323

	
Leased

	  	
3569

	  	
10/16/2003

	  	
RHEA

	  	
8994 RHEA COUNTY HWY.

	  	
DAYTON, TN 37321

	
Leased

	  	
3570

	  	
10/16/2003

	  	
HAMILTON

	  	
6708 RINGGOLD ROAD

	  	
EAST RIDGE, TN 37412

	
Leased

	  	
3571

	  	
10/16/2003

	  	
MCMINN

	  	
835 HWY.  411 NORTH

	  	
ETOWAH, TN 37331

	
Leased

	  	
3573

	  	
10/16/2003

	  	
HAMILTON

	  	
8540 HIXSON PIKE

	  	
HIXSON, TN 37343

	
Leased

	  	
3574

	  	
10/16/2003

	  	
HAMILTON

	  	
13424 DAYTON PIKE

	  	
SODDY DAISY, TN 37379

	
Leased

	  	
3575

	  	
10/16/2003

	  	
HAMILTON

	  	
8640 DAYTON PIKE

	  	
SODDY DAISY, TN 37379

	
Leased

	  	
3576

	  	
10/16/2003

	  	
HAMILTON

	  	
4026 SHALLOWFORD ROAD

	  	
CHATTANOOGA, TN 37411

	
Leased

	  	
3577

	  	
10/16/2003

	  	
HAMILTON

	  	
3407 AMNICOLA HWY.

	  	
CHATTANOOGA, TN 37406

	
Leased

	  	
3578

	  	
10/16/2003

	  	
HAMILTON

	  	
4300 NORCROSS RD.

	  	
HIXSON, TN 37343

	
Leased

	  	
3580

	  	
10/16/2003

	  	
GRUNDY

	  	
1675 MAIN STREET

	  	
MONTEAGLE, TN 37356

	
Leased

	  	
3581

	  	
10/16/2003

	  	
whitfield

	  	
3390 AIRPORT ROAD

	  	
DALTON, GA 30721

  

Page 23

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3582

	  	
10/16/2003

	  	
HAMILTON

	  	
3743 CUMMINGS HWY.

	  	
CHATTANOOGA, TN 37419

	
Leased

	  	
3583

	  	
10/16/2003

	  	
RUTHERFORD

	  	
1702 SOUTH RUTHERFORD BLV

	  	
MURFREESBORO, TN 37130

	
Leased

	  	
3584

	  	
10/16/2003

	  	
RUTHERFORD

	  	
519 WALDRON ROAD

	  	
LA VERGNE, TN 37086

	
Leased

	  	
3585

	  	
10/16/2003

	  	
WILLIAMSON

	  	
8003 HORTON HWY.

	  	
ARRINGTON, TN 37014

	
Leased

	  	
3586

	  	
10/16/2003

	  	
POLK

	  	
4147 HWY.  411

	  	
OCOEE, TN 37361

	
Leased

	  	
3587

	  	
10/16/2003

	  	
Catoosa

	  	
3095 BATTLEFIELD PARKWAY

	  	
FT.  OGLETHORPE,  GA 30742

	
Leased

	  	
3588

	  	
10/16/2003

	  	
HAMILTON

	  	
9652 E.  BRAINERD RD.

	  	
CHATTANOOGA, TN 37421

	
Leased

	  	
3589

	  	
10/16/2003

	  	
BRADLEY

	  	
210 25TH STREET, NW

	  	
CLEVELAND, TN 37336

	
Leased

	  	
3590

	  	
10/16/2003

	  	
Whitfield

	  	
2214 EAST WALNUT AVE.

	  	
DALTON, GA 30721

	
Leased

	  	
3592

	  	
10/16/2003

	  	
BRADLEY

	  	
2280 SPRING PLACE RD SE

	  	
CLEVELAND, TN 37323

	
Leased

	  	
3593

	  	
10/16/2003

	  	
BRADLEY

	  	
2502 BLUE SPRINGS RD.

	  	
CLEVELAND, TN 37311

	
Leased

	  	
3594

	  	
10/16/2003

	  	
MONROE

	  	
416 SWEETWATER-VONROE RD

	  	
SWEETWATER, TN 37874

	
Leased

	  	
3595

	  	
10/16/2003

	  	
MEGIS

	  	
106 HIGHWAY 58 SOUTH

	  	
DECATUR, TN 37322

	
Leased

	  	
3596

	  	
10/16/2003

	  	
POLK

	  	
5067 HIGHWAY 64

	  	
DUCKTOWN, TN 37326

	
Leased

	  	
3597

	  	
10/16/2003

	  	
POLK

	  	
6254 HWY. 411

	  	
BENTON, TN 37307

	
Leased

	  	
3598

	  	
10/16/2003

	  	
MCMINN

	  	
MT. VERD ROAD & I-75

	  	
ATHENS, TN 37303

	
Leased

	  	
3599

	  	
10/16/2003

	  	
MONROE

	  	
1157 HIGHWAY 68

	  	
SWEETWATER, TN 37874

	
Leased

	  	
3601

	  	
10/16/2003

	  	
MONROE

	  	
708 SOUTH MAIN STREET

	  	
SWEETWATER, TN 37874

	
Leased

	  	
3602

	  	
10/16/2003

	  	
HAMILTON

	  	
6003 SHALLOWFORD ROAD

	  	
CHATTANOOGA, TN 37421

	
Leased

	  	
3604

	  	
10/16/2003

	  	
Whitfield

	  	
1200 CLEVELAND HWY.

	  	
DALTON,  GA 30721

	
Leased

	  	
3605

	  	
10/16/2003

	  	
HAMILTON

	  	
5012 HIXSON PIKE

	  	
HIXSON, TN 37343

	
Leased

	  	
3606

	  	
10/16/2003

	  	
MCMINN

	  	
2631 DECATUR PIKE

	  	
ATHENS, TN 37303

	
Leased

	  	
3607

	  	
10/16/2003

	  	
HAMILTON

	  	
6239 HIGHWAY 58

	  	
HARRISON, TN 37341

	
Leased

	  	
3608

	  	
10/16/2003

	  	
RUTHERFORD

	  	
796 NISSAN DRIVE

	  	
SMYRNA, TN 37167

	
Leased

	  	
3609

	  	
10/16/2003

	  	
DAVIDSON

	  	
198 HAYWOOD LANE

	  	
NASHVILLE, TN 37211

	
Leased

	  	
3610

	  	
10/16/2003

	  	
COFFEE

	  	
989 INTERSTATE DRIVE

	  	
MANCHESTER, TN 37355

	
Leased

	  	
3611

	  	
10/16/2003

	  	
HAMILTON

	  	
109 SEQUOYAH ACCESS RD.

	  	
SODDY DAISY, TN 37379

	
Leased

	  	
3612

	  	
10/16/2003

	  	
Whitfield

	  	
3901 CLEVELAND HWY.

	  	
DALTON, GA 30721

	
Leased

	  	
3613

	  	
10/16/2003

	  	
RUTHERFORD

	  	
5183 MURFREESBORO ROAD

	  	
LA VERGNE, TN 37086

	
Leased

	  	
3614

	  	
10/16/2003

	  	
HAMILTON

	  	
7020 E.  BRAINERD ROAD

	  	
CHATTANOOGA, TN 37421

	
Leased

	  	
3615

	  	
10/16/2003

	  	
Catoosa

	  	
6855 BATTLEFIELD PARKWAY

	  	
RINGGOLD, GA 30736

	
Leased

	  	
3616

	  	
10/16/2003

	  	
HAMILTON

	  	
4900 BRAINERD RD.

	  	
CHATTANOOGA, TN 37411

	
Leased

	  	
3617

	  	
10/16/2003

	  	
RUTHERFORD

	  	
2610 SOUTH CHURCH ST.

	  	
MURFREESBORO, TN 37127

	
Leased

	  	
3618

	  	
10/16/2003

	  	
SUMNER

	  	
1221 SOUTH WATER AVE.

	  	
GALLATIN, TN 37066

	
Leased

	  	
3619

	  	
10/16/2003

	  	
walker

	  	
1001 LAFAYETTE ROAD

	  	
CHICKAMAUGA, GA 30707

	
Leased

	  	
3620

	  	
10/16/2003

	  	
WILSON

	  	
10576 LEBANON ROAD

	  	
MT.  JULIET, TN 37122

	
Leased

	  	
3621

	  	
10/16/2003

	  	
BEDFORD

	  	
2098 MADISON ST.

	  	
SHELBYVILLE, TN 37160

	
Leased

	  	
3622

	  	
10/16/2003

	  	
Catoosa

	  	
11418 HIGHWAY 41

	  	
RINGGOLD,  GA 30736

	
Leased

	  	
3623

	  	
10/16/2003

	  	
HAMILTON

	  	
600 ASHLAND TERRACE

	  	
CHATTANOOGA, TN 37415

	
Leased

	  	
3624

	  	
10/16/2003

	  	
HAMILTON

	  	
2300 JENKINS RD.

	  	
CHATTANOOGA, TN 37421

	
Leased

	  	
3625

	  	
10/16/2003

	  	
WILSON

	  	
1309 WEST MAIN STREET

	  	
LEBANON, TN 37087

	
Leased

	  	
3626

	  	
10/16/2003

	  	
RUTHERFORD

	  	
3401 MEMORIAL ROAD

	  	
MURFREESBORO,  TN 37129

	
Leased

	  	
3627

	  	
10/16/2003

	  	
PUTNAM

	  	
1300 EAST SPRING STREET

	  	
COOKVILLE, TN 38501

	
Leased

	  	
3628

	  	
10/16/2003

	  	
BRADLEY

	  	
2890 WATERLEVEL HIGHWAY

	  	
CLEVELAND, TN 37323

	
Leased

	  	
3629

	  	
10/16/2003

	  	
HAMILTON

	  	
6917 MIDDLE VALLEY RD.

	  	
HIXSON, TN 37343

	
Leased

	  	
3630

	  	
06/03/2004

	  	
JASPER

	  	
14 D.  MARK CUMMINGS ROAD

	  	
HARDEEVILLE,  SC 29927

	
Leased

	  	
3631

	  	
12/01/2005

	  	
RUTHERFORD

	  	
1880 ALMAVILLE ROAD

	  	
SMYRNA, TN 37167

	
Leased

	  	
3636

	  	
04/21/2005

	  	
Floyd

	  	
500 BURNETT FERRY RD.

	  	
ROME,  GA 30165

	
Leased

	  	
3637

	  	
04/21/2005

	  	
Floyd

	  	
2221 SHORTER AVE.

	  	
ROME, GA 30165

	
Leased

	  	
3638

	  	
04/21/2005

	  	
Floyd

	  	
1808 DEAN ST.

	  	
ROME, GA 30165

	
Leased

	  	
3639

	  	
04/21/2005

	  	
Bartow

	  	
1361 JOE FRANK HARRIS

	  	
CARTERSVILLE,  GA 30120

	
Leased

	  	
3640

	  	
04/21/2005

	  	
Floyd

	  	
1501 MARTHA BERRY BLVD

	  	
ROME, GA 30165

  

Page 24

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3641

	  	
04/21/2005

	  	
Pike

	  	
101 us 231 SOUTH

	  	
TROY, AL 36081

	
Leased

	  	
3642

	  	
04/21/2005

	  	
Colbert

	  	
4319 JACKSON HWY

	  	
SHEFFIELD, AL 35660

	
Leased

	  	
3643

	  	
04/21/2005

	  	
Houston

	  	
4196 ROSS CLARK CIRCLE

	  	
DOTHAN, AL 36303

	
Leased

	  	
3644

	  	
04/21/2005

	  	
Bartow

	  	
5265 GLADE RD.

	  	
ACWORTH,  GA 30101

	
Leased

	  	
3645

	  	
04/21/2005

	  	
Carroll

	  	
1218 MAPLE ST.

	  	
CARROLLTON,  GA 30117

	
Leased

	  	
3646

	  	
04/21/2005

	  	
Bartow

	  	
898 JOE FRANK HARRIS PKWY

	  	
CARTERSVILLE,  GA 30120

	
Leased

	  	
3647

	  	
04/21/2005

	  	
Floyd

	  	
1881 OLD CALHOUN RD.

	  	
ROME, GA 30161

	
Leased

	  	
3648

	  	
04/21/2005

	  	
Floyd

	  	
1407 KINGSTON HWY

	  	
ROME, GA 30161

	
Leased

	  	
3649

	  	
04/21/2005

	  	
Etowah

	  	
1205 W.  MEIGHAN BLVD.

	  	
GADSDEN,  AL 35904

	
Leased

	  	
3650

	  	
04/21/2005

	  	
Carroll

	  	
1871 HWY 27

	  	
CARROLLTON,  GA 30117

	
Leased

	  	
3651

	  	
04/21/2005

	  	
Gordon

	  	
808 SOUTH WALL ST.

	  	
CALHOUN, GA 30701

	
Leased

	  	
3652

	  	
04/21/2005

	  	
Chattooga

	  	
4326 HWY 27

	  	
SUMMERVILLE,  GA 30747

	
Leased

	  	
3653

	  	
04/21/2005

	  	
Bartow

	  	
1325 EAST MAIN ST.

	  	
CARTERSVILLE,  GA 30120

	
Leased

	  	
3654

	  	
04/21/2005

	  	
Marshall

	  	
2242 US HWY 431

	  	
BOAZ, AL 35957

	
Leased

	  	
3655

	  	
04/21/2005

	  	
Floyd

	  	
2401 GARDEN LAKES BLVD

	  	
ROME,  GA 30165

	
Leased

	  	
3656

	  	
04/21/2005

	  	
Whitfield

	  	
220 CONNECTOR 3

	  	
DALTON, GA 30721

	
Leased

	  	
3658

	  	
04/21/2005

	  	
Chattooga

	  	
10935 NORTH COMMERCE ST.

	  	
SUMMERVILLE,  GA 30747

	
Leased

	  	
3659

	  	
04/21/2005

	  	
Floyd

	  	
1425 TURNER MCCALL BLVD.

	  	
ROME, GA 30161

	
Leased

	  	
3660

	  	
04/21/2005

	  	
Murray

	  	
1607 HWY 411 N.

	  	
CHATSWORTH,  GA 30705

	
Leased

	  	
3661

	  	
04/21/2005

	  	
Murray

	  	
6110 HWY 411 N.

	  	
CHATSWORTH,  GA 30705

	
Leased

	  	
3662

	  	
04/21/2005

	  	
Catoosa

	  	
15 DIETZ RD.

	  	
RINGGOLD,  GA 30736

	
Leased

	  	
3663

	  	
04/21/2005

	  	
Lee

	  	
3902 PEPPERELL PKWY.

	  	
OPELIKA, AL 36801

	
Leased

	  	
3664

	  	
04/21/2005

	  	
Talladega

	  	
32344 US HWY 280

	  	
CHILDERSBURG, AL 35044

	
Leased

	  	
3665

	  	
04/21/2005

	  	
Calhoun

	  	
800 SOUTH QUINTARD AVE

	  	
ANNISTON, AL 36202

	
Leased

	  	
3666

	  	
04/21/2005

	  	
Calhoun

	  	
1050 PELHAM RD.

	  	
JACKSONVILLE,  AL 36265

	
Leased

	  	
3667

	  	
04/21/2005

	  	  	  	
1601 HWY 21 S / I-20

	  	
OXFORD, AL 36203

	
Leased

	  	
3668

	  	
04/21/2005

	  	
DeKalb

	  	
1707 GLENN BLVD.

	  	
FT.  PAYNE, AL 35968

	
Leased

	  	
3669

	  	
04/21/2005

	  	
Bartow

	  	
496 E.  MAIN STREET

	  	
CARTERSVILLE,  GA 30120

	
Leased

	  	
3670

	  	
04/21/2005

	  	
Morgan

	  	
2317 HWY 31 S/I-65

	  	
DECATUR, AL 35601

	
Leased

	  	
3671

	  	
04/21/2005

	  	
Bartow

	  	
924 ADAIRSVILLE HWY

	  	
ADAIRSVILLE,  GA 30103

	
Leased

	  	
3672

	  	
04/21/2005

	  	
Jefferson

	  	
1700 TALLAPOOSA ST.

	  	
BIRMINGHAM, AL 35234

	
Leased

	  	
3673

	  	
04/21/2005

	  	
Montgomery

	  	
966 WEST SOUTH BLVD.

	  	
MONTGOMERY, AL 36105

	
Leased

	  	
3674

	  	
04/21/2005

	  	
Etowah

	  	
100 TAYLOR ST./I-59

	  	
GADSDEN, AL 35904

	
Leased

	  	
3675

	  	
04/21/2005

	  	
Bartow

	  	
5646 HWY 20 SE

	  	
CARTERSVILLE,  GA 30120

	
Leased

	  	
3676

	  	
04/21/2005

	  	
Carroll

	  	
1123 N.  PARK STREET

	  	
CARROLLTON,  GA 30117

	
Leased

	  	
3677

	  	
04/21/2005

	  	
Madison

	  	
6278 UNIVERSITY DRIVE

	  	
HUNTSVILLE, AL 35806

	
Leased

	  	
3678

	  	
04/21/2005

	  	
Floyd

	  	
5880 NEW CALHOUN RD.

	  	
ROME,  GA 30161

	
Leased

	  	
3679

	  	
04/21/2005

	  	
Madison

	  	
5000 MEMORIAL PKWY.  NW

	  	
HUNTSVILLE, AL 35810

	
Leased

	  	
3680

	  	
04/21/2005

	  	
Jefferson

	  	
1200 W.  BANKHEAD HWY

	  	
BIRMINGHAM, AL 35234

	
Leased

	  	
3681

	  	
04/21/2005

	  	
Harrison

	  	
2803 25TH AVENUE

	  	
GULFPORT,  MS 39501

	
Leased

	  	
3682

	  	
04/21/2005

	  	
Shelby

	  	
715 CAHABA VALLEY RD/I-65

	  	
PELHAM, AL 35124

	
Leased

	  	
3683

	  	
04/21/2005

	  	
Bartow

	  	
501 N. TENNESSEE ST.

	  	
CARTERSVILLE,  GA 30120

	
Leased

	  	
3684

	  	
04/21/2005

	  	
Madison

	  	
540 JORDAN LANE

	  	
HUNTSVILLE, AL 35806

	
Leased

	  	
3685

	  	
04/21/2005

	  	
Colbert

	  	
2525 AVALON AVE.

	  	
MUSCLE SHOALS, AL 35661

	
Leased

	  	
3686

	  	
04/21/2005

	  	
Jackson

	  	
21700 JOHN T REID PKWY/

	  	
SCOTTSBORO, AL 35768

	
Leased

	  	
3687

	  	
04/21/2005

	  	
Carroll

	  	
3008 ALABAMA AVE.

	  	
BREMEN,  GA 30110

	
Leased

	  	
3688

	  	
04/21/2005

	  	
Calhoun

	  	
851 LAGARDE AVE

	  	
ANNISTON, AL 36201

	
Leased

	  	
3689

	  	
04/28/2005

	  	
Lauderdale

	  	
602 COX CREEK PARKWAY

	  	
FLORENCE, AL 35630

	
Leased

	  	
3690

	  	
07/21/2005

	  	
Montgomery

	  	
6500 ATLANTA HWY

	  	
MONTGOMERY, AL 36117

	
Leased

	  	
3691

	  	
05/12/2005

	  	
CHARLESTON

	  	
5302 RIVERS AVE

	  	
NORTH CHARLESTON,  SC 2940

	
Leased

	  	
3692

	  	
05/12/2005

	  	
CHARLESTON

	  	
2957 WEST MONTAGUE

	  	
NORTH CHARLESTON,  SC 2941

	
Leased

	  	
3693

	  	
05/12/2005

	  	
CHARLESTON

	  	
1190 REMOUNT ROAD

	  	
NORTH CHARLESTON,  SC 2940

  

Page 25

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3695

	  	
05/26/2005

	  	  	  	
510 EAST MAIN STREET

	  	
SENATOBIA, MS 38668

	
Leased

	  	
3696

	  	
01/04/2007

	  	  	  	
11006 HIGHWAY 49 SOUTH

	  	
GULFPORT,  MS 39503

	
Leased

	  	
3698

	  	
08/18/2005

	  	
Cheasapeake

	  	
5191 W. MILITARY HWY

	  	
CHESAPEAKE, VA 23321

	
Leased

	  	
3700

	  	
08/18/2005

	  	
Suffolk

	  	
2865 PRUDEN BLVD.

	  	
SUFFOLK, VA 23434

	
Leased

	  	
3702

	  	
08/18/2005

	  	
Norfolk

	  	
1146 N. MILITARY HWY

	  	
NORFOLK, VA 23504

	
Leased

	  	
3703

	  	
08/18/2005

	  	
Franklin

	  	
1643 ARMORY DR.

	  	
FRANKLIN, VA 23851

	
Leased

	  	
3707

	  	
08/18/2005

	  	
BOTETOURT

	  	
2765 LEE HWY S

	  	
TROUTVILLE, VA 24175

	
Leased

	  	
3708

	  	
08/18/2005

	  	
WYTHE

	  	
117 READY MIX RD.

	  	
WYTHEVILLE, VA 24382

	
Leased

	  	
3709

	  	
08/18/2005

	  	
BLAND

	  	
74 INDIAN VILLAGE TRAIL

	  	
BASTIAN, VA 24314

	
Leased

	  	
3712

	  	
08/18/2005

	  	
BLAND

	  	
8006 SOUTH SCENIC HWY.

	  	
BLAND, VA 24315

	
Leased

	  	
3713

	  	
08/18/2005

	  	
AUGUSTA

	  	
313 SPRING FIELD LANE

	  	
STAUNTON,  VA 24401

	
Leased

	  	
3714

	  	
08/18/2005

	  	
BLAND

	  	
6168 NORTH SCENIC HIGHWAY

	  	
BASTIAN, VA 24314

	
Leased

	  	
3715

	  	
08/18/2005

	  	
WYTHE

	  	
1995 E.  MAIN ST.

	  	
WYTHEVILLE,  VA 24382

	
Leased

	  	
3716

	  	
08/18/2005

	  	
WYTHE

	  	
152 MAJOR GRAHAMS RD.

	  	
MAX MEADOWS, VA 24360

	
Leased

	  	
3717

	  	
08/18/2005

	  	
AMHERST

	  	
4243 S. AMHERST HWY

	  	
MADISON HEIGHTS, VA 24572

	
Leased

	  	
3718

	  	
08/18/2005

	  	
ROANOKE

	  	
7107 WILLIAMSON RD.

	  	
ROANOKE, VA 24019

	
Leased

	  	
3720

	  	
01/19/2006

	  	
Floyd

	  	
2995 CEDARTOWN ROAD

	  	
ROME,  GA 30161

	
Leased

	  	
3721

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
12001 HWY 43 N

	  	
NORTHPORT, AL 35475

	
Leased

	  	
3722

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
4324 CRABBE RD.

	  	
NORTHPORT, AL 35476

	
Leased

	  	
3723

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
4513 UNIVERSITY BLVD.  E

	  	
TUSCALOOSA, AL 35404

	
Leased

	  	
3724

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
3509 CULVER RD.

	  	
TUSCALOOSA, AL 35401

	
Leased

	  	
3725

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
3850 UNIVERSITY BLVD.  EAS

	  	
TUSCALOOSA, AL 35404

	
Leased

	  	
3726

	  	
09/22/2005

	  	
GREENE

	  	
30054 U.S.  HIGHWAY 11

	  	
KNOXVILLE, AL 35469

	
Leased

	  	
3727

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
15463 HWY 216

	  	
BROOKWOOD, AL 35444

	
Leased

	  	
3728

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
6718 HWY 69 S

	  	
TUSCALOOSA, AL 35405

	
Leased

	  	
3729

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
4500 HIGHWAY 171

	  	
NORTHPORT, AL 35476

	
Leased

	  	
3730

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
1701 LURLEEN WALLACE BLVD

	  	
NORTHPORT, AL 35476

	
Leased

	  	
3731

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
6404 UNIVERSITY BLVD E,

	  	
COTTONDALE, AL 35453

	
Leased

	  	
3732

	  	
09/22/2005

	  	  	  	
5525 MCFARLAND BLVD.   (HWY

	  	
NORTHPORT, AL 35476

	
Leased

	  	
3733

	  	
09/22/2005

	  	
TUSCALOOSA

	  	
4751 RICE MINE ROAD NE

	  	
TUSCALOOSA, AL 35406

	
Leased

	  	
3736

	  	
11/17/2005

	  	
Madison

	  	
100 COLONY CROSSING BLVD

	  	
MADISON, MS 39110

	
Leased

	  	
3737

	  	
12/15/2005

	  	
Richmond

	  	
3539 WHEELER ROAD

	  	
AUGUSTA,  GA 30909

	
Leased

	  	
3738

	  	
02/16/2006

	  	
Hinds

	  	
1264 HIGH ST.

	  	
JACKSON, MS 39202

	
Leased

	  	
3739

	  	
02/16/2006

	  	
warren

	  	
3060 INDIANA AVE.

	  	
VICKSBURG,  MS 39180

	
Leased

	  	
3741

	  	
02/16/2006

	  	
ST TAMMANY

	  	
350 VOTERS RD.

	  	
SLIDELL,  LA 70461

	
Leased

	  	
3742

	  	
02/16/2006

	  	
Hinds

	  	
7442 SIWELL RD.

	  	
JACKSON, MS 39212

	
Leased

	  	
3743

	  	
02/16/2006

	  	
Madison

	  	
1860 MAIN ST.

	  	
MADISON, MS 39110

	
Leased

	  	
3744

	  	
02/16/2006

	  	
ST TAMMANY

	  	
101 BROWN SWITCH RD.

	  	
SLIDELL,  LA 70459

	
Leased

	  	
3745

	  	
02/16/2006

	  	
Hinds

	  	
6154 OLD CANTON RD,

	  	
JACKSON,  MS 39211

	
Leased

	  	
3746

	  	
02/16/2006

	  	
Hinds

	  	
549 HIGHWAY 80 WEST

	  	
CLINTON, MS 39056

	
Leased

	  	
3747

	  	
02/16/2006

	  	
Rankin

	  	
2675 LAKELAND DR

	  	
FLOWOOD, MS 39232

	
Leased

	  	
3748

	  	
02/16/2006

	  	
Rankin

	  	
461 SOUTH PEARSON RD.

	  	
PEARL, MS 39208

	
Leased

	  	
3749

	  	
02/16/2006

	  	
Rankin

	  	
690 GRANTS FERRY RD.

	  	
FLOWOOD, MS 39047

	
Leased

	  	
3750

	  	
02/16/2006

	  	
warren

	  	
3326 CLAY ST.

	  	
VICKSBURG,  MS 39183

	
Leased

	  	
3751

	  	
02/16/2006

	  	
Hinds

	  	
550 SPRINGRIDGE RD.

	  	
CLINTON,  MS 39056

	
Leased

	  	
3752

	  	
02/16/2006

	  	
Hancock

	  	
100 NORTHEAST INTERCHANGE

	  	
DIAMONDHEAD,  MS 39525

	
Leased

	  	
3753

	  	
02/16/2006

	  	
Warren

	  	
4460 CLAY ST.

	  	
VICKSBURG, MS 39183

	
Leased

	  	
3754

	  	
02/16/2006

	  	
Warren

	  	
725 HIGHWAY 61 SOUTH

	  	
VICKSBURG, MS 39180

	
Leased

	  	
3755

	  	
02/16/2006

	  	
Harrison

	  	
11305 THREE RIVERS RD.

	  	
GULFPORT, MS 39506

	
Leased

	  	
3756

	  	
02/16/2006

	  	
ST TAMMANY

	  	
70325 HIGHWAY 21

	  	
COVINGTON,  LA 70433

	
Leased

	  	
3757

	  	
02/16/2006

	  	
Jackson

	  	
8000 TUCKER RD.

	  	
OCEAN SPRINGS, MS 39564

	
Leased

	  	
3758

	  	
02/16/2006

	  	
Jackson

	  	
7100 HIGHWAY 63

	  	
MOSS POINT, MS 39563

  

Page 26

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3759

	  	
02/16/2006

	  	
Rankin

	  	
3104 HIGHWAY 49

	  	
FLORENCE,  MS 39073

	
Leased

	  	
3760

	  	
02/16/2006

	  	
Harrison

	  	
10406 HIGHWAY 49

	  	
GULFPORT,  MS 39506

	
Leased

	  	
3761

	  	
02/16/2006

	  	
Rankin

	  	
345 AIRPORT ROAD

	  	
PEARL, MS 39208

	
Leased

	  	
3762

	  	
02/16/2006

	  	
TANGIPAHOA

	  	
15389 HIGHWAY 22

	  	
PONCHATOULA,  LA 70454

	
Leased

	  	
3763

	  	
02/16/2006

	  	
ST TAMMANY

	  	
69290 HIGHWAY 21

	  	
COVINGTON,  LA 70433

	
Leased

	  	
3764

	  	
02/16/2006

	  	
ST TAMMANY

	  	
4115 HIGHWAY 59

	  	
MANDEVILLE,  LA 70471

	
Leased

	  	
3765

	  	
02/16/2006

	  	
Harrison

	  	
3716 SANGANI BLVD

	  	
D'IBERVILLE,  MS 39540

	
Leased

	  	
3766

	  	
02/16/2006

	  	
Rankin

	  	
2145 HIGHWAY 18

	  	
BRANDON,  MS 39042

	
Leased

	  	
3767

	  	
04/27/2006

	  	
LIVINGSTON

	  	
28437 HWY 43

	  	
ALBANY, LA 70711

	
Leased

	  	
3768

	  	
02/16/2006

	  	
ST TAMMANY

	  	
4095 HWY.  59

	  	
MANDEVILLE,  LA 70448

	
Leased

	  	
3769

	  	
02/16/2006

	  	
BOSSIER

	  	
1980 AIRLINE DR.

	  	
BOSSIER CITY,  LA 71112

	
Leased

	  	
3770

	  	
02/16/2006

	  	
BOSSIER

	  	
4006 BARKSDALE BLVD.

	  	
BOSSIER CITY,  LA 71112

	
Leased

	  	
3771

	  	
02/16/2006

	  	
BOSSIER

	  	
2651 BENTON RD.

	  	
BOSSIER CITY,  LA 71111

	
Leased

	  	
3772

	  	
02/16/2006

	  	
CADDO

	  	
5112 MONKHOUSE DR.

	  	
SHREVEPORT,  LA 71109

	
Leased

	  	
3773

	  	
02/16/2006

	  	
CADDO

	  	
1901 NORTH MARKET

	  	
SHREVEPORT,  LA 71107

	
Leased

	  	
3774

	  	
02/16/2006

	  	
CADDO

	  	
7950 YOUREE DR.

	  	
SHREVEPORT,  LA 71115

	
Leased

	  	
3775

	  	
02/16/2006

	  	
CADDO

	  	
3100 BERT KOUNS

	  	
SHREVEPORT,  LA 71118

	
Leased

	  	
3776

	  	
02/16/2006

	  	
CADDO

	  	
5725 HEARNE

	  	
SHREVEPORT,  LA 71108

	
Leased

	  	
3777

	  	
02/09/2006

	  	
LEE

	  	
2062 HORNER BLVD.

	  	
SANFORD,  NC 27330

	
Leased

	  	
3778

	  	
02/09/2006

	  	
LEE

	  	
2219 JEFFERSON DAVIS HWY

	  	
SANFORD, NC 27330

	
Leased

	  	
3779

	  	
02/09/2006

	  	
ROBESON

	  	
921 W.  BROAD ST.

	  	
ST.  PAUL'S,  NC 28384

	
Leased

	  	
3780

	  	
02/09/2006

	  	
DURHAM

	  	
3321 APEX HWY 55

	  	
DURHAM,  NC 27713

	
Leased

	  	
3781

	  	
02/09/2006

	  	
DURHAM

	  	
106 NC 54 I-40 & FAYETTEV

	  	
DURHAM,  NC 27713

	
Leased

	  	
3782

	  	
02/09/2006

	  	
GUILFORD

	  	
3001 PLEASANT GARDEN RD

	  	
GREENSBORO,  NC 27406

	
Leased

	  	
3783

	  	
02/09/2006

	  	
GUILFORD

	  	
501 TEAGUE ST.

	  	
GREENSBORO,  NC 27406

	
Leased

	  	
3785

	  	
02/09/2006

	  	
GUILFORD

	  	
337 W. WENDOVER AVE.

	  	
GREENSBORO,  NC 27408

	
Leased

	  	
3786

	  	
02/09/2006

	  	
GUILFORD

	  	
621 GREEN VALLEY RD.

	  	
GREENSBORO, NC 27408

	
Leased

	  	
3787

	  	
02/09/2006

	  	
GUILFORD

	  	
6400 BURLINGTON RD.

	  	
WHITSETT, NC 27377-9716

	
Leased

	  	
3788

	  	
02/09/2006

	  	
GUILFORD

	  	
820 N.  MAIN ST.

	  	
HIGH POINT, NC 27262

	
Leased

	  	
3790

	  	
02/09/2006

	  	
WATAUGA

	  	
2200 US HWY 421 SOUTH

	  	
BOONE, NC 28607

	
Leased

	  	
3791

	  	
02/09/2006

	  	
ALAMANCE

	  	
801 E.  HARDEN ST.

	  	
GRAHAM, NC 27253

	
Leased

	  	
3792

	  	
02/09/2006

	  	
ALAMANCE

	  	
2602 S. MEBANE ST.

	  	
BURLINGTON, NC 27215

	
Leased

	  	
3793

	  	
02/09/2006

	  	
WAKE

	  	
1237 N. MAIN ST.

	  	
FUQUAY-VARINA,  NC 27526

	
Leased

	  	
3794

	  	
02/09/2006

	  	
WAKE

	  	
4201 PLEASANT VALLEY RD.

	  	
RALEIGH, NC 27612

	
Leased

	  	
3795

	  	
02/09/2006

	  	
WAKE

	  	
1410 W. WILLIAMS ST.

	  	
APEX, NC 27502

	
Leased

	  	
3797

	  	
03/02/2006

	  	
WAKE

	  	
302 EAST WILLIAMS STREET

	  	
APEX, NC 27502

	
Leased

	  	
3798

	  	
02/16/2006

	  	
CADDO

	  	
6911 LINWOOD AVE

	  	
SHREVEPORT,  LA 71108

	
Leased

	  	
3799

	  	
05/11/2006

	  	  	  	
580 14TH ST. SOUTH

	  	
BESSEMER, AL 35020

	
Leased

	  	
3801

	  	
05/11/2006

	  	  	  	
401 PALISADES BLVD.

	  	
BIRMINGHAM, AL 35209

	
Leased

	  	
3802

	  	
05/11/2006

	  	  	  	
3935 CROSSHAVEN DR.

	  	
BIRMINGHAM, AL 35243

	
Leased

	  	
3805

	  	
05/11/2006

	  	  	  	
1816 CRESTWOOD BLVD.

	  	
IRONDALE, AL 35210

	
Leased

	  	
3806

	  	
05/11/2006

	  	  	  	
16725 HIGHWAY 280

	  	
CHELSEA, AL 35043

	
Leased

	  	
3808

	  	
05/11/2006

	  	  	  	
2078-A VALLEYDALE RD.

	  	
HOOVER, AL 35244

	
Leased

	  	
3809

	  	
05/11/2006

	  	  	  	
2677 VALLEYDALE RD.

	  	
BIRMINGHAM, AL 35244

	
Leased

	  	
3810

	  	
05/11/2006

	  	  	  	
1503 11TH AVE.  SOUTH

	  	
BIRMINGHAM, AL 35205

	
Leased

	  	
3811

	  	
05/11/2006

	  	  	  	
2258 BESSEMER RD.

	  	
BIRMINGHAM, AL 35208

	
Leased

	  	
3813

	  	
05/11/2006

	  	  	  	
3640 LORNA ROAD

	  	
HOOVER, AL 35216

	
Leased

	  	
3817

	  	
05/11/2006

	  	  	  	
701 KEY DR.

	  	
BIRMINGHAM, AL 35242

	
Leased

	  	
3819

	  	
05/11/2006

	  	  	  	
400 GREEN SPRINGS HWY.

	  	
HOMEWOOD, AL 35209

	
Leased

	  	
3821

	  	
05/11/2006

	  	  	  	
2501 JOHN HAWKINS PARKWAY

	  	
HOOVER, AL 35244

	
Leased

	  	
3823

	  	
05/11/2006

	  	
TUSCALOOSA

	  	
7245 SKYLAND BLVD.  EAST

	  	
TUSCALOOSA, AL 35401

	
Leased

	  	
3824

	  	
05/11/2006

	  	
TUSCALOOSA

	  	
2400 MCFARLAND BLVD.

	  	
TUSCALOOSA, AL 35405

  

Page 27

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3825

	  	
05/11/2006

	  	
TUSCALOOSA

	  	
615 UNIVERSITY BLVD.

	  	
TUSCALOOSA, AL 35401

	
Leased

	  	
3827

	  	
05/11/2006

	  	  	  	
199 MAIN ST.

	  	
TRUSSVILLE, AL 35173

	
Leased

	  	
3831

	  	
05/11/2006

	  	  	  	
1846 HWY 14 E

	  	
PRATTVILLE, AL 36066

	
Leased

	  	
3832

	  	
05/11/2006

	  	  	  	
613 HWY 78 E

	  	
JASPER, AL 35501

	
Leased

	  	
3835

	  	
05/11/2006

	  	  	  	
2195 HWY 150

	  	
HOOVER, AL 35244

	
Leased

	  	
3838

	  	
06/15/2006

	  	  	  	
1747 RAINBOW DR.

	  	
GADSDEN, AL 35901

	
Leased

	  	
3839

	  	
08/10/2006

	  	
CHATHAM

	  	
1513 E.  11TH ST

	  	
SILER CITY,  NC 27344

	
Leased

	  	
3841

	  	
08/10/2006

	  	
MOORE

	  	
2120 JUNIPER LAKE RD

	  	
WEST END,  NC 27376

	
Leased

	  	
3842

	  	
08/10/2006

	  	
MOORE

	  	
7249 US HWY 15-501

	  	
CARTHAGE, NC 28327

	
Leased

	  	
3843

	  	
08/10/2006

	  	
LEE

	  	
4470 NC HWY 87 S

	  	
SANFORD,  NC 27332

	
Leased

	  	
3844

	  	
08/10/2006

	  	
LEE

	  	
2206 JEFFERSON DAVIS HWY

	  	
SANFORD, NC 27332

	
Leased

	  	
3845

	  	
08/17/2006

	  	
Forest

	  	
103 CAMPBELL LOOP

	  	
HATTIESBURG,  MS 39402

	
Leased

	  	
3848

	  	
08/31/2006

	  	
Duval

	  	
2517 SOUTH 3RD STREET

	  	
JACKSONVILLE BEACH,  FL 32

	
Leased

	  	
3849

	  	
08/31/2006

	  	
Duval

	  	
10550 SAN JOSE BLVD

	  	
JACKSONVILLE,  FL 32223

	
Leased

	  	
3851

	  	
09/28/2006

	  	
Okaloosa

	  	
34920 EMERALD COAST PKWY

	  	
DESTIN,  FL 32541

	
Leased

	  	
3852

	  	
09/28/2006

	  	
Okaloosa

	  	
4563 HWY 20 EAST

	  	
NICEVILLE,  FL 32578

	
Leased

	  	
3853

	  	
10/19/2006

	  	
DARE

	  	
1800 N.  CROATAN HWY

	  	
KILL DEVIL HILLS,  NC 2794

	
Leased

	  	
3854

	  	
10/19/2006

	  	
DARE

	  	
100 W.  OCEAN BAY BLVD

	  	
KILL DEVIL HILLS,  NC 2794

	
Leased

	  	
3855

	  	
11/02/2006

	  	
JASPER

	  	
574 INDEPENDENCE BLVD

	  	
HARDEEVILLE,  SC 29927

	
Leased

	  	
3856

	  	
11/16/2006

	  	
MONTGOMERY

	  	
601 TINY TOWN ROAD

	  	
CLARKSVILLE, TN 37042

	
Leased

	  	
3857

	  	
11/16/2006

	  	
MONTGOMERY

	  	
523 DOVER ROAD

	  	
CLARKSVILLE, TN 37042

	
Leased

	  	
3858

	  	
11/16/2006

	  	
SUMNER

	  	
377 HANCOCK STREET

	  	
GALLATIN, TN 37066

	
Leased

	  	
3860

	  	
12/14/2006

	  	
Collier

	  	
4025 PINE RIDGE RD.  EXT.

	  	
NAPLES,  FL 34119

	
Leased

	  	
3861

	  	
12/21/2006

	  	  	  	
100 HWY 51 NORTH

	  	
BATESVILLE,  MS 38606

	
Leased

	  	
3862

	  	
12/21/2006

	  	  	  	
201 WILSON DRIVE

	  	
SENATOBIA,  MS 38668

	
Leased

	  	
3863

	  	
12/21/2006

	  	  	  	
1700 BELK AVENUE

	  	
OXFORD,  MS 38655

	
Leased

	  	
3864

	  	
12/21/2006

	  	  	  	
625 HWY 51 SOUTH

	  	
BATESVILLE,  MS 38606

	
Leased

	  	
3865

	  	
12/21/2006

	  	  	  	
217 MARTIN LUTHER STREET

	  	
MARKS, MS 38646

	
Leased

	  	
3866

	  	
12/21/2006

	  	  	  	
696 HWY 6 EAST

	  	
BATESVILLE,  MS 38606

	
Leased

	  	
3867

	  	
12/21/2006

	  	  	  	
903 HWY 9 SOUTH

	  	
EUPORA, MS 39744

	
Leased

	  	
3868

	  	
01/11/2007

	  	
LEE

	  	
14591 HWY 27 W

	  	
SANFORD,  NC 27332

	
Leased

	  	
3869

	  	
01/18/2007

	  	  	  	
21195 HWY 25

	  	
COLUMBIANA,  AL 35051

	
Leased

	  	
3870

	  	
01/11/2007

	  	
BERKELEY

	  	
605A NORTH MAIN STREET

	  	
MONCKS CORNER,  SC 29461

	
Leased

	  	
3871

	  	
01/11/2007

	  	
BERKELEY

	  	
1571 NORTH MAIN STREET

	  	
SUMMERVILLE, SC 29483

	
Leased

	  	
3872

	  	
01/11/2007

	  	
WILLIAMSBURG

	  	
485 NORTH MAIN STREET

	  	
HEMINGWAY, SC 29554

	
Leased

	  	
3873

	  	
01/11/2007

	  	
GEORGETOWN

	  	
1802 SOUTH ISLAND ROAD

	  	
GEORGETOWN,  SC 29440

	
Leased

	  	
3874

	  	
01/11/2007

	  	
CHARLESTON

	  	
50 41ST STREET

	  	
ISLE OF PALMS, SC 29451

	
Leased

	  	
3875

	  	
01/11/2007

	  	
BERKELEY

	  	
1003 FRENCH SANTEE ROAD

	  	
JAMESTOWN,  SC 29453

	
Leased

	  	
3876

	  	
01/11/2007

	  	
COLLETON

	  	
16273 ACE BASIN PARKWAY

	  	
ROUND O, SC 29474

	
Leased

	  	
3877

	  	
01/11/2007

	  	
CHARLESTON

	  	
7500 DORCHESTER ROAD

	  	
NORTH CHARLESTON,  SC 2941

	
Leased

	  	
3878

	  	
01/11/2007

	  	
COLLETON

	  	
1111 SNIDERS HIGHWAY

	  	
WALTERBORO, SC 29488

	
Leased

	  	
3879

	  	
01/11/2007

	  	
GEORGETOWN

	  	
2602 HIGH MARKET STREET

	  	
GEORGETOWN,  SC 29440

	
Leased

	  	
3880

	  	
01/11/2007

	  	
BERKELEY

	  	
2800 HIGHWAY 52

	  	
MONCKS CORNER, SC 29461

	
Leased

	  	
3881

	  	
01/11/2007

	  	
HORRY

	  	
3656 HIGHWAY 701 SOUTH

	  	
CONWAY, SC 29527

	
Leased

	  	
3882

	  	
01/11/2007

	  	
BERKELEY

	  	
901 ISLAND PARK DRIVE

	  	
DANIEL ISLAND,  SC 29492

	
Leased

	  	
3883

	  	
01/11/2007

	  	
CHARLESTON

	  	
3746 LADSON RD

	  	
LADSON, SC 29456

	
Leased

	  	
3884

	  	
01/11/2007

	  	
CHARLESTON

	  	
2421 AVIATION AVE

	  	
NORTH CHARLESTON,  SC 2940

	
Leased

	  	
3885

	  	
01/11/2007

	  	
BERKELEY

	  	
210 SAINT JAMES AVENUE

	  	
GOOSE CREEK, SC 29445

	
Leased

	  	
3887

	  	
02/08/2007

	  	
Gadsden

	  	
1134 W. JEFFERSON ST.

	  	
QUINCY, FL 32351

	
Leased

	  	
3888

	  	
02/08/2007

	  	
Gadsden

	  	
208 SOUTH MAIN STREET

	  	
HAVANA,  FL 32333

	
Leased

	  	
3889

	  	
02/08/2007

	  	
Holmes

	  	
2 EAST WASHINGTON ST.

	  	
CHATTAHOOCHEE,  FL 32324

	
Leased

	  	
3890

	  	
02/08/2007

	  	
Leon

	  	
1520 JACKSON BLUFF RD.

	  	
TALLAHASSEE,  FL 32304

  

Page 28

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3891

	  	
02/08/2007

	  	  	  	
1541 MOCK RD.

	  	
ALBANY,  GA 31705

	
Leased

	  	
3892

	  	
02/08/2007

	  	  	  	
2011 E.  SHOTWELL ST.

	  	
BAINBRIDGE, GA 39819

	
Leased

	  	
3893

	  	
02/08/2007

	  	  	  	
301 US 19 SOUTH

	  	
CAMILLA,  GA 31730

	
Leased

	  	
3894

	  	
02/08/2007

	  	  	  	
1405 HWY 27 SOUTH

	  	
BAINBRIDGE, GA 39817

	
Leased

	  	
3895

	  	
02/08/2007

	  	  	  	
401 US 27 NORTH

	  	
BAINBRIDGE, GA 39817

	
Leased

	  	
3896

	  	
02/08/2007

	  	  	  	
359 SOUTH FOURTH ST.

	  	
COLQUITT,  GA 31737

	
Leased

	  	
3897

	  	
02/08/2007

	  	  	  	
10317 HWY 84 EAST

	  	
THOMASVILLE,  GA 31757

	
Leased

	  	
3898

	  	
02/08/2007

	  	
Wakulia

	  	
3180 COASTAL HWY

	  	
MEDART,  FL 32326

	
Leased

	  	
3899

	  	
02/08/2007

	  	
Leon

	  	
3500 NORTH MONROE ST.

	  	
TALLAHASSEE,  FL 32304

	
Leased

	  	
3900

	  	
02/08/2007

	  	
Leon

	  	
3433 CRAWFORDVILLE RD.

	  	
TALLAHASSEE,  FL 32303

	
Leased

	  	
3901

	  	
02/08/2007

	  	
Leon

	  	
1458 CAPITAL CIRCLE NW

	  	
TALLAHASSEE,  FL 32303

	
Leased

	  	
3902

	  	
02/08/2007

	  	  	  	
1000 FIRST AVE.  SE

	  	
MOULTRIE, GA 31768

	
Leased

	  	
3903

	  	
02/08/2007

	  	  	  	
742 NORTH MAIN ST.

	  	
DAWSON,  GA 31742

	
Leased

	  	
3904

	  	
02/08/2007

	  	  	  	
2306 HWY 231 SOUTH

	  	
OZARK, AL 36360

	
Leased

	  	
3905

	  	
02/08/2007

	  	
Houston

	  	
2357 REEVES ST.

	  	
DOTHAN, AL 36303

	
Leased

	  	
3906

	  	
02/08/2007

	  	  	  	
1315 PARK AVE.

	  	
ENTERPRISE, AL 36331

	
Leased

	  	
3907

	  	
02/08/2007

	  	
Leon

	  	
9160 WOODVILLE HWY

	  	
TALLAHASSEE,  FL 32311

	
Leased

	  	
3908

	  	
02/08/2007

	  	
Wakulia

	  	
979 WOODVILLE HWY

	  	
CRAWFORDVILLE,  FL 32327

	
Leased

	  	
3909

	  	
02/08/2007

	  	  	  	
1204 MARTIN LUTHER KING B

	  	
AMERICUS,  GA 31709

	
Leased

	  	
3910

	  	
02/08/2007

	  	  	  	
1800 DOTHAN RD.

	  	
BAINBRIDGE,  GA 39817

	
Leased

	  	
3911

	  	
02/01/2007

	  	
Alachua

	  	
16070 NW US HWY 441

	  	
ALACHUA,  FL 32615

	
Leased

	  	
3912

	  	
02/01/2007

	  	
Alachua

	  	
9260 NW 39TH AVE

	  	
GAINESVILLE,  FL 32606

	
Leased

	  	
3913

	  	
02/01/2007

	  	
Alachua

	  	
3424 SW WILLISTON RD

	  	
GAINESVILLE,  FL 32608

	
Leased

	  	
3914

	  	
02/01/2007

	  	
Alachua

	  	
17025 SE CR 234

	  	
MICANOPY,  FL 32667

	
Leased

	  	
3915

	  	
02/01/2007

	  	
Marion

	  	
4150 W HWY 236

	  	
OCALA,  FL 34482

	
Leased

	  	
3916

	  	
02/01/2007

	  	
Marion

	  	
5201 S PINE AVENUE

	  	
OCALA, FL 34480

	
Leased

	  	
3917

	  	
02/01/2007

	  	
Sumter

	  	
861 EAST SR 44

	  	
WILDWOOD,  FL 34785

	
Leased

	  	
3918

	  	
02/01/2007

	  	
Alachua

	  	
17030 SE CR 234

	  	
MICANOPY,  FL 32667

	
Leased

	  	
3919

	  	
02/15/2007

	  	
Collier

	  	
1000 WHIPPOORWILL LANE

	  	
NAPLES,  FL 34105

	
Leased

	  	
3920

	  	
03/01/2007

	  	
HORRY

	  	
7020 HWY 90

	  	
LONGS, SC 29568

	
Leased

	  	
3921

	  	
04/05/2007

	  	
MECKLENBURG

	  	
4600 INDEPENDENCE BLVD.

	  	
CHARLOTTE,  NC 28212

	
Leased

	  	
3922

	  	
04/05/2007

	  	
MECKLENBURG

	  	
7208 E.  INDEPENDENCE BLVD

	  	
CHARLOTTE,  NC 28212

	
Leased

	  	
3923

	  	
04/05/2007

	  	
MECKLENBURG

	  	
4500 RANDOLPH ROAD

	  	
CHARLOTTE,  NC 28211

	
Leased

	  	
3924

	  	
04/05/2007

	  	
MECKLENBURG

	  	
6500 FAIRVIEW ROAD

	  	
CHARLOTTE,  NC 28210

	
Leased

	  	
3925

	  	
04/05/2007

	  	
MECKLENBURG

	  	
100 EAST JOHN STREET

	  	
MATTHEWS, NC 28105

	
Leased

	  	
3926

	  	
04/05/2007

	  	
MECKLENBURG

	  	
4336 PARK ROAD

	  	
CHARLOTTE,  NC 28209

	
Leased

	  	
3927

	  	
04/05/2007

	  	
MECKLENBURG

	  	
7035 E. W.T.  HARRIS BLVD

	  	
CHARLOTTE,  NC 28215

	
Leased

	  	
3928

	  	
04/05/2007

	  	
MECKLENBURG

	  	
421 TYVOLA ROAD

	  	
CHARLOTTE,  NC 28217

	
Leased

	  	
3929

	  	
04/05/2007

	  	
MECKLENBURG

	  	
605 CANTON ROAD

	  	
CHARLOTTE,  NC 28217

	
Leased

	  	
3930

	  	
04/05/2007

	  	
MECKLENBURG

	  	
4900 N. TRYON STREET

	  	
CHARLOTTE,  NC 28262

	
Leased

	  	
3931

	  	
04/05/2007

	  	
MECKLENBURG

	  	
3800 WILKINSON BLVD.

	  	
CHARLOTTE,  NC 28214

	
Leased

	  	
3932

	  	
04/05/2007

	  	
YORK

	  	
2541 N.  CHERRY ROAD

	  	
ROCK HILL,  SC 29730

	
Leased

	  	
3933

	  	
04/05/2007

	  	
LINCOLN

	  	
2230 E.  MAIN STREET

	  	
LINCOLNTON, NC 28092

	
Leased

	  	
3934

	  	
04/05/2007

	  	
GASTON

	  	
2483 FRANKLIN BLVD.

	  	
GASTONIA,  NC 28052

	
Leased

	  	
3935

	  	
04/05/2007

	  	
MECKLENBURG

	  	
2200 S. TRYON ST.

	  	
CHARLOTTE,  NC 28217

	
Leased

	  	
3938

	  	
04/05/2007

	  	
MECKLENBURG

	  	
6229 W.  SUGAR CREEK ROAD

	  	
CHARLOTTE,  NC 28269

	
Leased

	  	
3939

	  	
04/05/2007

	  	
MECKLENBURG

	  	
9716 SOUTH BLVD.

	  	
CHARLOTTE,  NC 28273

	
Leased

	  	
3940

	  	
04/05/2007

	  	
MECKLENBURG

	  	
10409 MALLARD CREEK ROAD

	  	
CHARLOTTE, NC 28362

	
Leased

	  	
3941

	  	
04/05/2007

	  	
MECKLENBURG

	  	
8505 S. TRYON STREET

	  	
CHARLOTTE,  NC 28273

	
Leased

	  	
3943

	  	
04/05/2007

	  	
YORK

	  	
249 CAROWINDS BLVD.

	  	
FORT MILL, SC 29715

	
Leased

	  	
3944

	  	
04/05/2007

	  	
MECKLENBURG

	  	
11640 PROVIDENCE ROAD

	  	
CHARLOTTE, NC 28277

	
Leased

	  	
3945

	  	
04/05/2007

	  	
MECKLENBURG

	  	
4718 N.  GRAHAM STREET

	  	
CHARLOTTE,  NC 28269

  

Page 29

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/State/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
3946

	  	
04/05/2007

	  	
LINCOLN

	  	
7405 HWY 73

	  	
DENVER,  NC 28037

	
Leased

	  	
3947

	  	
04/05/2007

	  	
MECKLENBURG

	  	
20008 W.  CATAWBA AVE.

	  	
CORNELIUS,  NC 28031

	
Leased

	  	
3948

	  	
04/05/2007

	  	
IREDELL

	  	
131 TURNERSBURG HWY.

	  	
STATESVILLE,  NC 28625

	
Leased

	  	
3949

	  	
04/05/2007

	  	
YORK

	  	
910 LIBERTY STREET

	  	
YORK, SC 29745

	
Leased

	  	
3950

	  	
04/05/2007

	  	
MECKLENBURG

	  	
15620 JOHN DELANEY BLVD.

	  	
CHARLOTTE,  NC 28277

	
Leased

	  	
3951

	  	
04/05/2007

	  	
CABARRUS

	  	
8501 CONCORD MILLS BLVD.

	  	
CONCORD,  NC 28027

	
Leased

	  	
3952

	  	
04/05/2007

	  	
YORK

	  	
1420 CELANESE ROAD

	  	
ROCK HILL,  SC 29732

	
Leased

	  	
3953

	  	
04/05/2007

	  	
YORK

	  	
618 TINSLEY WAY

	  	
ROCK HILL,  SC 29730

	
Leased

	  	
3954

	  	
04/05/2007

	  	
CATAWBA

	  	
2350 HWY 70 SOUTHEAST

	  	
HICKORY, NC 28602

	
Leased

	  	
3955

	  	
04/05/2007

	  	
DAVIDSON

	  	
1115 RANDOLPH ST.

	  	
THOMASVILLE,  NC 27360

	
Leased

	  	
3956

	  	
04/05/2007

	  	
LINCOLN

	  	
1627 E. MAIN STREET

	  	
LINCOLNTON,  NC 28092

	
Leased

	  	
3957

	  	
04/05/2007

	  	
GASTON

	  	
6441 WILKINSON BLVD

	  	
BELMONT,  NC 28012

	
Leased

	  	
3958

	  	
04/05/2007

	  	
CATAWBA

	  	
2853 N. CENTER ST.

	  	
HICKORY,  NC 28601

	
Leased

	  	
3960

	  	
04/05/2007

	  	
CABARRUS

	  	
1529 CONCORD PARKWAY,  NOR

	  	
CONCORD, NC 28027

	
Leased

	  	
3961

	  	
04/05/2007

	  	
CHEROKEE

	  	
1103 HYATT STREET

	  	
GAFFNEY,  SC 29341

	
Leased

	  	
3962

	  	
04/05/2007

	  	
YORK

	  	
4568 CHARLOTTE HWY

	  	
LAKE WYLIE, SC 29710

	
Leased

	  	
3963

	  	
04/05/2007

	  	
CATAWBA

	  	
807 CONOVER BLVD.

	  	
CONOVER,  NC 28613

	
Leased

	  	
3964

	  	
04/05/2007

	  	
MECKLENBURG

	  	
220 S.  INDEPENDENCE BLVD.

	  	
CHARLOTTE, NC 28204

	
Leased

	  	
3965

	  	
04/05/2007

	  	
MECKLENBURG

	  	
4923 S. TRYON STREET

	  	
CHARLOTTE,  NC 28217

	
Leased

	  	
3966

	  	
04/05/2007

	  	
GASTON

	  	
2434 S.  NEW HOPE ROAD

	  	
GASTONIA, NC 28054

	
Leased

	  	
3967

	  	
04/05/2007

	  	
GASTON

	  	
2001 N.  CHESTER HWY 321

	  	
GASTONIA,  NC 28052

	
Leased

	  	
3968

	  	
04/05/2007

	  	
YORK

	  	
4044 CHARLOTTE HWY

	  	
LAKE WYLIE, SC 29710

	
Leased

	  	
3969

	  	
04/05/2007

	  	
YORK

	  	
3473 US HWY 21

	  	
FORT MILL,  SC 29715

	
Leased

	  	
3970

	  	
04/05/2007

	  	
CLEVELAND

	  	
225 CLEVELAND AVENUE

	  	
KINGS MOUNTAIN, NC 28086

	
Leased

	  	
3971

	  	
04/05/2007

	  	
MECKLENBURG

	  	
10000 N. TRYON STREET

	  	
CHARLOTTE,  NC 28262

	
Leased

	  	
3972

	  	
04/05/2007

	  	
GASTON

	  	
516 COX ROAD

	  	
GASTONIA, NC 28054

	
Leased

	  	
3973

	  	
04/05/2007

	  	
GASTON

	  	
3794 E.  FRANKLIN BLVD.

	  	
GASTONIA,  NC 28056

	
Leased

	  	
3974

	  	
04/05/2007

	  	
GASTON

	  	
2106 N.  CHESTER STREET

	  	
GASTONIA, NC 28052

	
Leased

	  	
3975

	  	
04/05/2007

	  	
MECKLENBURG

	  	
9424 S. TRYON STREET

	  	
CHARLOTTE,  NC 28273

	
Leased

	  	
3976

	  	
04/05/2007

	  	
MECKLENBURG

	  	
8910 ALBEMARLE ROAD

	  	
CHARLOTTE,  NC 28227

	
Leased

	  	
3977

	  	
04/05/2007

	  	
YORK

	  	
499 HERLONG AVE.

	  	
ROCK HILL,  SC 29730

	
Leased

	  	
3978

	  	
04/05/2007

	  	
MECKLENBURG

	  	
8008 HARRIS STATION BLVD.

	  	
CHARLOTTE,  NC 28269

	
Leased

	  	
3979

	  	
04/05/2007

	  	
MECKLENBURG

	  	
9620 REA RD.

	  	
CHARLOTTE, NC 28277

	
Leased

	  	
3980

	  	
04/05/2007

	  	
UNION

	  	
5905 WAXHAW HWY

	  	
MINERAL SPRINGS,  NC 28173

	
Leased

	  	
3981

	  	
04/05/2007

	  	
UNION

	  	
1805 N.  MORGAN MILL RD.

	  	
MONROE, NC 28110

	
Leased

	  	
3982

	  	
04/05/2007

	  	
UNION

	  	
3503 WEDDINGTON RD.

	  	
MONROE,  NC 28110

	
Leased

	  	
3984

	  	
04/05/2007

	  	
UNION

	  	
601 E.  MAIN STREET

	  	
WAXHAW, NC 28173

	
Leased

	  	
3985

	  	
04/05/2007

	  	
UNION

	  	
3006 OLD CHARLOTTE HWY.

	  	
MONROE,  NC 28110

	
Leased

	  	
3988

	  	
03/15/2007

	  	  	  	
901 AVENUE G

	  	
KENTWOOD,  LA 70444

	
Leased

	  	
3989

	  	
04/12/2007

	  	
Collier

	  	
6065 PINE RIDGE ROAD

	  	
NAPLES,  FL 34119

	
Leased

	  	
3990

	  	
04/12/2007

	  	
Oka!oosa

	  	
8801 WEST TERRY ST

	  	
BONITA SPRINGS,  FL 34135

	
Leased

	  	
6015

	  	
06/01/1970

	  	
Putnam

	  	
7450 CRILL AVENUE

	  	
PALATKA,  FL 32177

	
Leased

	  	
6016

	  	
08/01/1970

	  	
clay

	  	
1890 KINGSLEY AVE

	  	
ORANGE PARK,  FL 32073

	
Leased

	  	
6030

	  	
09/21/1983

	  	
Duval

	  	
1403 N 3RD STREET

	  	
JACKSONVILLE BEACH,  FL 32

	
Leased

	  	
6032

	  	
01/25/1973

	  	
Duval

	  	
11325 W BEAVER ST

	  	
JACKSONVILLE,  FL 32220

	
Leased

	  	
6041

	  	
08/04/1973

	  	
Nassau

	  	
542114 US HIGHWAY 1

	  	
CALLAHAN,  FL 32011

	
Leased

	  	
6049

	  	
05/10/1974

	  	
Duval

	  	
2511 NEW BERLIN RD

	  	
JACKSONVILLE, FL 32226

	
Leased

	  	
6056

	  	
03/01/1975

	  	
Nassau

	  	
540684 LEM TURNER RD

	  	
CALLAHAN,  FL 32011

	
Leased

	  	
6065

	  	
02/03/1976

	  	
Clay

	  	
3895 OLD JENNINGS RD

	  	
MIDDLEBURG,  FL 32068

	
Leased

	  	
6066

	  	
02/12/1976

	  	
Alachua

	  	
101 NW US 441

	  	
MICANOPY,  FL 32667

	
Leased

	  	
6069

	  	
04/30/1976

	  	
Putnam

	  	
882 W RIVER ROAD

	  	
PALATKA,  FL 32177

	
Leased

	  	
6075

	  	
07/31/1980

	  	
St. Johns

	  	
158 A1A N

	  	
PONTE VEDRA BEACH,  FL 320

  

Page 30

  

 

Store Property Type and Address

 

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line 1

	  	
City/state/zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
6076

	  	
01/13/1977

	  	
Duval

	  	
2733 STARRETT RD

	  	
JACKSONVILLE,  FL 32226

	
Leased

	  	
6078

	  	
06/30/1977

	  	
Clay

	  	
4305 HIGHWAY 17

	  	
ORANGE PARK,  FL 32073

	
Leased

	  	
6080

	  	
07/13/1983

	  	
Duval

	  	
7211 103RD ST

	  	
JACKSONVILLE,  FL 32210

	
Leased

	  	
6083

	  	
10/17/1977

	  	
Volusia

	  	
201 N MAIN

	  	
DAYTONA BEACH,  FL 32118

	
Leased

	  	
6086

	  	
11/22/1977

	  	
Brevard

	  	
1500 SINGLETON AVE N

	  	
TITUSVILLE, FL 32796

	
Leased

	  	
6087

	  	
11/03/1977

	  	
Brevard

	  	
2455 N WICKHAM RD

	  	
MELBOURNE,  FL 32935

	
Leased

	  	
6088

	  	
11/17/1977

	  	
Nassau

	  	
551114 US HIGHWAY 1

	  	
HILLIARD, FL 32046

	
Leased

	  	
6092

	  	
12/15/1977

	  	
Brevard

	  	
150 NEWFOUND HARBOR DR

	  	
MERRITT ISLAND,  FL 32952

	
Leased

	  	
6093

	  	
04/06/1978

	  	
Brevard

	  	
255 OCEAN BLVD

	  	
SATELLITE BEACH,  FL 32937

	
Leased

	  	
6095

	  	
03/02/1978

	  	
Nassau

	  	
850378 U.S.HWY 17

	  	
YULEE,  FL 32097

	
Leased

	  	
6099

	  	
05/02/1978

	  	
St. Johns

	  	
123 KINGS ST

	  	
ST AUGUSTINE,  FL 32084

	
Leased

	  	
6100

	  	
04/05/1984

	  	
Clay

	  	
1690 WELLS RD

	  	
ORANGE PARK,  FL 32073

	
Leased

	  	
6101

	  	
06/13/1978

	  	
Duval

	  	
13967 MOUNT PLEASANT RD

	  	
JACKSONVILLE,  FL 32225

	
Leased

	  	
6104

	  	
05/17/1979

	  	
Orange

	  	
1419 NORTH DEAN ROAD

	  	
ORLANDO,  FL 32825

	
Leased

	  	
6107

	  	
05/29/1978

	  	
Citrus

	  	
6241 W    CARDINAL ST

	  	
HOMOSASSA SPRINGS,  FL 344

	
Leased

	  	
6111

	  	
08/26/1978

	  	
citrus

	  	
1943 NW HWY 19

	  	
CRYSTAL RIVER, FL 34428

	
Leased

	  	
6122

	  	
08/02/1979

	  	
clay

	  	
2682 BLANDING BLVD

	  	
MIDDLEBURG,  FL 32068

	
Leased

	  	
6125

	  	
01/11/1980

	  	
Volusia

	  	
4036 S NOVA RD

	  	
PORT ORANGE,  FL 32127

	
Leased

	  	
6136

	  	
03/24/1980

	  	
Pasco

	  	
17943 US 41

	  	
SPRING HILL,  FL 34610

	
Leased

	  	
6142

	  	
04/08/1981

	  	
Brevard

	  	
5881 BABCOCK ST NE

	  	
PALM BAY, FL 32907

	
Leased

	  	
6146

	  	
01/21/1982

	  	
Alachua

	  	
3525 SW 34TH ST

	  	
GAINESVILLE,  FL 32608

	
Leased

	  	
6147

	  	
03/18/1982

	  	
Duval

	  	
6003-5 ROOSEVELT BLVD

	  	
JACKSONVILLE,  FL 32244

	
Leased

	  	
6162

	  	
03/31/1983

	  	
Alachua

	  	
7302 SW ARCHER RD

	  	
GAINESVILLE,  FL 32608

	
Leased

	  	
6173

	  	
06/18/1984

	  	
Duval

	  	
7911 BLANDING BLVD

	  	
JACKSONVILLE,  FL 32244

	
Leased

	  	
6177

	  	
10/10/1984

	  	
Marion

	  	
4750 S US HIGHWAY 41

	  	
DUNNELLON,  FL 34432

	
Leased

	  	
6179

	  	
01/26/1984

	  	
St. Johns

	  	
4205 US 1,  S

	  	
ST AUGUSTINE,  FL 32086

	
Leased

	  	
6182

	  	
02/22/1984

	  	
Duval

	  	
12020 FT CAROLINE RD

	  	
JACKSONVILLE,  FL 32225

	
Leased

	  	
6184

	  	
03/01/1984

	  	
Citrus

	  	
2275 S SUN COAST BLVD

	  	
HOMOSASSA,  FL 34448

	
Leased

	  	
6185

	  	
02/15/1984

	  	
Brevard

	  	
6801 HIGHWAY 1 N

	  	
COCOA,  FL 32927

	
Leased

	  	
6186

	  	
06/13/1984

	  	
Duval

	  	
5111 BAYMEADOWS RD

	  	
JACKSONVILLE,  FL 32217

	
Leased

	  	
6188

	  	
03/28/1984

	  	
Duval

	  	
1003 N EDGEWOOD AVENUE

	  	
JACKSONVILLE,  FL 32254

	
Leased

	  	
6189

	  	
05/16/1984

	  	
Orange

	  	
7661 MAGNOLIA HOMES RD

	  	
ORLANDO,  FL 32810

	
Leased

	  	
6196

	  	
11/15/1984

	  	
Duval

	  	
8820 W 103RD ST

	  	
JACKSONVILLE,  FL 32210

	
Leased

	  	
6198

	  	
02/08/1985

	  	
Duval

	  	
6621 ARYGLE FOREST BLVD

	  	
JACKSONVILLE, FL 32244

	
Leased

	  	
6199

	  	
02/08/1985

	  	
Duval

	  	
2952 DUNN AVENUE

	  	
JACKSONVILLE, FL 32218

	
Leased

	  	
6207

	  	
02/08/1984

	  	
Duval

	  	
5946 NEW KINGS RD

	  	
JACKSONVILLE,  FL 32209

	
Leased

	  	
6211

	  	
08/06/1984

	  	
clay

	  	
8090 SR 100

	  	
KEYSTONE HEIGHTS,  FL 3265

	
Leased

	  	
6212

	  	
08/24/1984

	  	
Volusia

	  	
31 INLET HARBOR RD

	  	
PONCE INLET, FL 32127

	
Leased

	  	
6216

	  	
08/27/1984

	  	
Polk

	  	
123 W BAY ST

	  	
DAVENPORT,  FL 33837

	
Leased

	  	
6219

	  	
08/27/1984

	  	
Polk

	  	
207 SR 17

	  	
LAKE HAMILTON,  FL 33851

	
Leased

	  	
6220

	  	
08/27/1984

	  	
Polk

	  	
14581 US HWY 27

	  	
LAKE WALES,  FL 33853

	
Leased

	  	
6224

	  	
08/27/1984

	  	
Polk

	  	
3044 HWY 60

	  	
LAKE WALES, FL 33853

	
Leased

	  	
6226

	  	
01/10/1985

	  	
Duval

	  	
9551 BAYMEADOWS RD

	  	
JACKSONVILLE,  FL 32256

	
Leased

	  	
6228

	  	
03/27/1985

	  	
Brevard

	  	
4775-1 FAY BLVD

	  	
COCOA,  FL 32927

	
Leased

	  	
6231

	  	
01/07/1985

	  	
Alachua

	  	
926 W UNIVERSITY AVE

	  	
GAINESVILLE,  FL 32601

	
Leased

	  	
6233

	  	
03/21/1985

	  	
Lake

	  	
2754 E SR 44

	  	
EUSTIS,  FL 32726

	
Leased

	  	
6234

	  	
04/11/1985

	  	
Clay

	  	
3137 SR 220

	  	
MIDDLEBURG,  FL 32068

	
Leased

	  	
6244

	  	
05/01/1985

	  	
Duval

	  	
3220 BELFORT ROAD

	  	
JACKSONVILLE,  FL 32216

	
Leased

	  	
6247

	  	
05/01/1985

	  	
Duval

	  	
2688 OLD MIDDLEBURG RD

	  	
JACKSONVILLE,  FL 32210

	
Leased

	  	
6263

	  	
08/21/1985

	  	
St. Johns

	  	
4540 US 1, N

	  	
ST AUGUSTINE,  FL 32095

	
Leased

	  	
6264

	  	
01/08/1986

	  	
Lake

	  	
126 N US HWY 27/441

	  	
LADY LAKE,  FL 32159

	
Leased

	  	
6265

	  	
05/02/1986

	  	
Alachua

	  	
15089 N.W. US HIGHWAY

	  	
441 ALACHUA.  FL 32615

	
Leased

	  	
6268

	  	
12/21/1985

	  	
Volusia

	  	
5886 S RIDGEWOOD AVE

	  	
PORT ORANGE,  FL 32127

  

Page 31

  

 

Store Property Type and Address

	
Property Type

	  	
Store #

	  	
Open Date

	  	
County

	  	
Address

Line1

	  	
City/State/Zip

	 	 	 	 	 	 	 	 	 	 	 
	
Leased

	  	
6270

	  	
04/07/1986

	  	
Alachua

	  	
4030 SW 13TH ST

	  	
GAINESVILLE, FL 32608

	
Leased

	  	
6278

	  	
07/11/1986

	  	
St. Johns

	  	
8796 E CHURCH ST

	  	
HASTINGS, FL 32145

	
Leased

	  	
6291

	  	
01/08/1987

	  	
Pasco

	  	
3514 GRAND BLVD

	  	
NEW PORT RICHEY, FL 34652

	
Leased

	  	
6292

	  	
10/03/1990

	  	
Brevard

	  	
6375 MINTON ROAD, NE

	  	
PALM BAY, FL 32907

	
Leased

	  	
6293

	  	
11/21/1986

	  	
Duval

	  	
4129 SPORTSMAN CLUB RD

	  	
JACKSONVILLE, FL 32219

	
Leased

	  	
6299

	  	
02/19/1987

	  	
Duval

	  	
8496 BLANDING BLVD

	  	
JACKSONVILLE, FL 32244

	
Leased

	  	
6501

	  	
10/02/1986

	  	
Clay

	  	
6935 HWY 17

	  	
GREEN COVE SPRINGS, FL 32

	
Leased

	  	
6502

	  	
10/02/1986

	  	
Clay

	  	
1517 IDLEWILD AVE

	  	
GREEN COVE SPRINGS, FL 32

	
Leased

	  	
6508

	  	
05/20/1987

	  	
Clay

	  	
6835 SR 21

	  	
KEYSTONE HEIGHTS, FL 3265

	
Leased

	  	
6521

	  	
02/04/1988

	  	
Duval

	  	
10870 HARTS RD

	  	
JACKSONVILLE,  FL 32218

	
Leased

	  	
6522

	  	
05/20/1988

	  	
Seminole

	  	
20 E MITCHELL HAMMOCK RD

	  	
OVIEDO, FL 32765

	
Leased

	  	
6523

	  	
03/09/1988

	  	
Duval

	  	
8840 PHILLIPS HWY

	  	
JACKSONVILLE,  FL 32218

	
Leased

	  	
6525

	  	
10/14/1987

	  	
Orange

	  	
5051 GATEWAY AVE

	  	
ORLANDO, FL 32821

	
Leased

	  	
6526

	  	
07/21/1988

	  	
Brevard

	  	
1990 MICHIGAN AVE

	  	
COCOA, FL 32922

	
Leased

	  	
6536

	  	
07/11/1989

	  	
Duval

	  	
12405 N MAIN ST

	  	
JACKSONVILLE,  FL 32218

	
Leased

	  	
6538

	  	
07/13/1989

	  	
Osceola

	  	
3302 W COLUMBIA

	  	
KISSIMMEE, FL 34741

	
Leased

	  	
6539

	  	
10/17/1989

	  	
Hillsborough

	  	
14611 BRUCE B DOWNS BLVD

	  	
TAMPA, FL 33613

	
Leased

	  	
6544

	  	
10/23/1991

	  	
Hillsborough

	  	
6005 BIG BEND RD

	  	
GIBSONTON, FL 33534

	
Leased

	  	
6547

	  	
10/16/1991

	  	
Polk

	  	
1013 E HINSON AVENUE

	  	
HAINES CITY, FL 33844

  

Page 32

  

Schedule 3.5(c)

LOCATIONS OF COLLATERAL

Schedule 3.5(b) is incorporated herein by reference.

Vendor Warehouses

	
Vendor

	  	
Address

	  	
City

	  	
State

	
Southern Pump and

	  	  	  	  	  	  
	
Tank

	  	
4800 North Graham St.

	  	
Charlotte

	  	
NC

	
Southern Pump and

	  	  	  	  	  	  
	
Tank

	  	
55330 W. Beaver St.

	  	
Jacksonville

	  	
FL

	
Price Davis

	  	
East Hwy 27

	  	
Iron Station

	  	
NC

Closed Stores

	
Store

	  	
Date Closed

	  	
City

	  	
State

	
186

	  	
9/27/2006

	  	
Sanford

	  	
NC

	
328

	  	
12/2/1999

	  	
Florence

	  	
SC

	
413

	  	
9/28/2005

	  	
Siler City

	  	
NC

	
707

	  	
9/27/2006

	  	
Owensboro

	  	
KY

	
863

	  	
9/28/2005

	  	
Durham

	  	
NC

	
897

	  	
1/18/2001

	  	
Kinston

	  	
NC

	
899

	  	
4/6/2005

	  	
Winterville

	  	
NC

	
1012

	  	
7/18/01

	  	
Jacksonville

	  	
FL

	
1042

	  	
2/2/07

	  	
Wildwood

	  	
FL

	
1048

	  	
12/17/98

	  	
St. Augustine

	  	
FL

	
1054

	  	
3/14/00

	  	
Gainesville

	  	
FL

	
1080

	  	
9/27/96

	  	
Jacksonville

	  	
FL

	
1092

	  	
2/19/03

	  	
Jacksonville

	  	
FL

	
1099

	  	
4/10/00

	  	
Jacksonville

	  	
FL

	
1122

	  	
5/30/00

	  	
Newberry

	  	
FL

	
1130

	  	
4/24/03

	  	
Jacksonville

	  	
FL

	
1133

	  	
4/13/05

	  	
Jacksonville

	  	
FL

	
1143

	  	
12/30/98

	  	
Gainesville

	  	
FL

	
1157

	  	
1/18/89

	  	
Gainesville

	  	
FL

	
1162

	  	
2/14/00

	  	
St Augustine

	  	
FL

	
1163

	  	
1/25/00

	  	
Starke

	  	
FL

	
1173

	  	
11/18/98

	  	
Jacksonville

	  	
FL

	
1175

	  	
2/7/00

	  	
Gainesville

	  	
FL

	
1192

	  	
2/12/03

	  	
Jacksonville

	  	
FL

	
1207

	  	
3/30/99

	  	
Jacksonville

	  	
FL

	
1218

	  	
1/7/04

	  	
Jacksonville

	  	
FL

	
1219

	  	
12/17/98

	  	
Jacksonville

	  	
FL

	
1232

	  	
10/30/02

	  	
Orange City

	  	
FL

	
1245

	  	
9/27/06

	  	
Jacksonville

	  	
FL

	
1315

	  	
5/2/98

	  	
High Springs

	  	
FL

	
2307

	  	
9/27/06

	  	
East Palatka

	  	
FL

	
3030

	  	
6/29/2000

	  	
Spring Lake

	  	
NC

	
3086

	  	
9/25/2005

	  	
Wilson

	  	
NC

	
3094

	  	
9/28/2005

	  	
Raleigh

	  	
NC

	
3097

	  	
2/1/2001

	  	
Wilson

	  	
NC

	
3107

	  	
9/25/2005

	  	
Petersburg

	  	
VA

	
3153

	  	
9/25/2003

	  	
Ahoskie

	  	
NC

	
3169

	  	
6/28/2001

	  	
Fayetteville

	  	
NC

	
3173

	  	
9/28/2005

	  	
Greensboro

	  	
NC

	
3181

	  	
9/25/2005

	  	
Kinston

	  	
NC

	
3187

	  	
9/28/2005

	  	
Roxboro

	  	
NC

	
3208

	  	
9/28/2005

	  	
Harrisonburg

	  	
VA

	
3218

	  	
6/8/2005

	  	
Florence

	  	
SC

	
3258

	  	
9/28/2005

	  	
Augusta

	  	
GA

	
3306

	  	
9/27/2006

	  	
Gainesville

	  	
GA

	
3338

	  	
9/27/2006

	  	
Stockbridge

	  	
GA

	
3371

	  	
9/27/2006

	  	
Mt Airy

	  	
NC

	
3394

	  	
9/29/2005

	  	
Biloxi

	  	
MS

	
3413

	  	
6/27/2002

	  	
Campobello

	  	
SC

	
3423

	  	
8/5/2004

	  	
Forest

	  	
MS

	
3460

	  	
9/29/2005

	  	
Long Beach

	  	
MS

	
3463

	  	
9/29/2005

	  	
Bay St. Louis

	  	
MS

	
3464

	  	
9/29/2005

	  	
Biloxi

	  	
MS

	
3579

	  	
11/30/2005

	  	
Smyrna

	  	
TN

	
3657

	  	
9/27/2006

	  	
Trion

	  	
GA

	
3784

	  	
9/27/2006

	  	
Greensboro

	  	
NC

	
3789

	  	
9/27/2006

	  	
Boone

	  	
NC

	
4024

	  	
10/26/2001

	  	
Durham

	  	
NC

	
6005

	  	
9/22/1998

	  	
Jacksonville

	  	
FL

	
6008

	  	
10/13/92

	  	
Middleburg

	  	
FL

	
6017

	  	
2/29/00

	  	
Jacksonville

	  	
FL

	
6022

	  	
11/21/91

	  	
Orange Park

	  	
FL

	
6045

	  	
10/2/00

	  	
Middleburg

	  	
FL

	
6061

	  	
9/6/91

	  	
Jacksonville

	  	
FL

	
6068

	  	
8/17/2005

	  	
Hollister

	  	
FL

	
6072

	  	
2/12/2003

	  	
Jacksonville

	  	
FL

	
6102

	  	
9/11/03

	  	
St Augustine

	  	
FL

	
6112

	  	
10/2/00

	  	
Middleburg

	  	
FL

	
6123

	  	
5/3/02

	  	
Orlando New Port

	  	
FL

	
6151

	  	
11/7/02

	  	
Richey

	  	
FL

	
6190

	  	
12/1/04

	  	
Jacksonville

	  	
FL

	
6194

	  	
10/18/06

	  	
Gainesville

	  	
FL

	
6276

	  	
9/11/03

	  	
St Augustine

	  	
FL

	
6297

	  	
2/10/92

	  	
Jacksonville

	  	
FL

	
6514

	  	
1/22/99

	  	
Orlando

	  	
FL

	
6520

	  	
4/11/01

	  	
Orlando

	  	
FL

	
6530

	  	
1/18/05

	  	
Jacksonville

	  	
FL

	
6531

	  	
1/5/05

	  	
Jacksonville

	  	
FL

 

  

  

  

Wholesale Division

(Locations with Company owned assets present)

	
Store#

	  	
City

	  	
St

	  	  	  	  	  
	
4019

	  	
Fayetteville

	  	
NC

	
4020

	  	
Rocky Mount

	  	
NC

	
4023

	  	
Durham

	  	
NC

	
4036

	  	
Gainesville

	  	
GA

	
4130

	  	
Morrisville

	  	
NC

	
4131

	  	
Raleigh

	  	
NC

	
4133

	  	
Greensboro

	  	
NC

	
4134

	  	
Greensboro

	  	
NC

	
4135

	  	
Smithfield

	  	
NC

	
4136

	  	
Moncure

	  	
NC

	
4137

	  	
Lillington

	  	
NC

	
4138

	  	
Apex

	  	
NC

	
4139

	  	
Efland

	  	
NC

	
4140

	  	
Sanford

	  	
NC

	
4141

	  	
Pinehurst

	  	
NC

	
4142

	  	
Boone

	  	
NC

	
4150

	  	
Birmingham

	  	
AL

	
4151

	  	
Birmingham

	  	
AL

  

  

  

Schedule 3.7

TAX ASSESSMENTS

None.

  

  

  

Schedule 3.11

ERISA

None.

 

  

  

  

 

  

 

Schedule 3.13

ENVIRONMENTAL MATTERS

Underground Storage Tank ("UST") Upgrades.  Regulations enacted by the United States Environmental Protection Agency establish requirements with respect to installing and upgrading UST systems.  Under Florida UST laws and regulations, by December 2009, Borrower is required to ensure that all USTs have secondary containment around the tanks and associated piping.

 

Environmental Remediation and Third Party Claims.  Under various federal, state and local laws, ordinances and regulations, the Borrower, as the owner or operator of its locations, may be liable for the cost of assessment, removal or remediation of contamination at its current or former locations, without regard to whether it knew of, or was responsible for, the presence of such contamination. The Borrower has experienced known releases at a number of its sites.

 

State Trust Funds.  All states in which the Borrower will operate UST systems have established trust funds for the sharing, recovering and reimbursing of certain cleanup costs and liabilities incurred as a result of releases from USTs. These trust funds, which essentially provide insurance coverage for the cleanup of environmental damages caused by the operation of USTs, are funded by a UST registration fee and a tax on the wholesale purchase of motor fuels within each state.  The coverage afforded by each state fund varies.  However, Florida does not provide coverage for third-party claims, and Georgia does not provide coverage for third-party claims relating to personal injury or diminution in property values.  Costs for which the Borrower does not receive reimbursement include but are not limited to: (i) the per-site deductible; (ii) costs incurred in connection with releases occurring or reported to trust funds prior to their inception; (iii) removal and disposal of UST systems; and (iv) costs incurred in connection with sites otherwise ineligible for reimbursement from the trust funds.  Reimbursements from state trust funds will be dependent upon the continued maintenance and solvency of the various funds.  The State of Florida trust fund ceased accepting new claims for reimbursement for releases discovered after December 31, 1998.  However, the State of Florida trust fund will continue to reimburse claims for remedial work performed on sites accepted into its program before December 31, 1998.  The Borrower participates in the trust funds of all states for new releases with the exception of Georgia and Florida where private insurance is maintained by the Borrower as the financial mechanism for remediation in those states.

 

  

  

  

Schedule 3.17

RELATED AGREEMENTS

	
  

	
1.

	
Employment Agreement dated October 1, 1997 between Peter J. Sodini and The Pantry.

 

	
  

	
2.

	
Amendment No. 1 to Employment Agreement between The Pantry and Peter J. Sodini.

 

	
  

	
3.

	
Amendment No. 2 to Employment Agreement between The Pantry and Peter J. Sodini.

 

	
  

	
4.

	
Amendment No. 3 to Employment Agreement between The Pantry and Peter J. Sodini.

 

	
  

	
5.

	
Amendment No. 4 to Employment Agreement between The Pantry and Peter J. Sodini.

 

	
  

	
6.

	
Amendment No. 5 to Employment Agreement between The Pantry and Peter Sodini.

 

	
  

	
7.

	
Amended and Restated Employment Agreement dated April 13, 2007 by and between Daniel J. Kelly and The Pantry.

 

	
  

	
8.

	
Employment Agreement dated May 1, 2003 between Steven J. Ferriera and The Pantry.

 

	
  

	
9.

	
Employment Agreement dated May 6, 2003 between David M. Zaborski and The Pantry.

 

	
  

	
10.

	
Employment Agreement dated July 21, 2006 by and between Keith S. Bell and The Pantry.

 

	
  

	
11.

	
Employment Agreement dated October 11, 2006 by and between Melissa H. Anderson and The Pantry.

 

	
  

	
12.

	
Independent Director Compensation Program, Second Amendment February 2006.

 

	
  

	
13.

	
Form of Indemnification Agreement with Directors.

 

	
  

	
14.

	
Indemnification Agreement with Dan Kelly.

 

	
  

	
15.

	
1999 Stock Option Plan, as amended and restated as of August 2, 2006.

 

	
  

	
16.

	
Form of Incentive Stock Option Agreement for the 1999 Stock Option Plan.

 

	
  

	
17.

	
Form of Nonqualified Stock Option Agreement (Non-Employee Directors) for the 1999 Stock Option Plan.

 

	
  

	
18.

	
The Pantry Inc. 1998 Stock Subscription Plan.

 

	
  

	
19.

	
Form of Stock Subscription Agreement.

 

	
  

	
20.

	
The Pantry, Inc. Incentive Compensation Plan.

 

	
  

	
21.

	
The Pantry, Inc. 2007 Omnibus Plan.

 

	
  

	
22.

	
Award Agreement (Awarding Nonqualified Stock Option to Non-Employee Director) for The Pantry, Inc. 2007 Omnibus Plan.

 

  

  

  

Schedule 3.21

INTELLECTUAL PROPERTY

U.S. Trademarks/Service Marks

Registered Marks

 

	
Mark

	
Registration No.

	
Registration Date

	
GOLDEN GALLON

	
3201508

	
1/23/07

	
K KANGAROO and Design

	
3123385

	
8/1/06

	
K KANGAROO EXPRESS and Design

	
3123383

	
8/1/06

	
COWBOYS and Design

	
3123104

	
8/1/06

	
SPORT CELESTE

	
3066461

	
3/7/06

	
CELESTE STARS

	
3083324

	
4/18/06

	
RED CELESTE

	
3085855

	
4/25/06

	
CELESTE

	
2897851

	
10/26/04

	
THE CHILL ZONE

	
3038822

	
1/10/06

	
AUNT M�S and Design

	
2683350

	
2/4/03

	
AUNT M�S CHICKEN and Design

	
2683339

	
2/4/03

	
CELESTE

	
2730524

	
6/24/03

	
KOALA and Design

	
2733231

	
7/1/03

	
KOALA and Design

	
2848233

	
6/1/04

	
BEAN STREET MARKET and Design

	
2793523

	
12/16/03

	
K and Design

	
2318479

	
2/15/00

	
THE ROO

	
2237356

	
4/6/99

	
BEAN STREET COFFEE COMPANY

	
2348885

	
5/9/00

	
HANDY WAY (Stylized)

	
1875705

	
1/24/95

	
THE PANTRY and Design

	
1557345

	
9/19/89

	
WHEN YOU RUN OUT RUN OUT TO THE PANTRY

	
1532395

	
3/28/89

	
SNACKIN SAMS

	
1482037

	
3/22/88

	
CHICKEN N� BISCUITS and Design

	
1433356

	
3/17/87

	
WORTH and Design

	
1372925

	
11/26/85

	
LIL� CHAMP FOOD STORE

	
1365016

	
10/8/85

	
BIG CHILL

	
1331174

	
4/16/85

	
KANGAROO

	
1354632

	
8/13/85

	
FAST LANE

	
1219408

	
12/7/82

	
ME MARKET EXPRESS (Stylized)

	
1199163

	
6/22/82

	
FOOD CHIEF

	
1213614

	
10/19/82

	
GOLDEN GALLON

	
1186208

	
1/12/82

	
THE PANTRY

	
1167513

	
9/1/81

	
PETRO EXPRESS

	
1462247

	
10/20/1987

U.S. Pending Applications

 

	
Mark

	
Application No.

	
Filing Date

	
K KANGAROO EXPRESS and Design

	
78950510

	
8/11/06

	
KANGAROO EXPRESS and Design

	
78950403

	
8/11/06

	
CELESTE E

	
78933530

	
7/20/06

	
RAPID FUEL and Design

	
78835578

	
3/13/06

	
ROO JUICE and Design

	
77119951

	
3/1/07

	
COWBOYS and Design

	
77076140

	
1/4/07

	
ROO JUICE

	
77067334

	
12/19/06

	
COWBOYS

	
78629566

	
5/13/05

  

  

  

State Trademarks/Service Marks

 

	
State

	
Mark

	
Reg. No.

	
Reg. Date

	
GA

	
THE ROO and Design

	
S16,066

	
12/11/96

	  	
KANGAROO and Design

	
S16,031

	
12/11/96

	  	
K and Design

	
S16,032

	
12/11/96

	
FL

	
SMOKERS EXPRESS

	
T 981,423

	
12/21/98

	  	
LIL� CHAMP and Design

	
921, 621

	
11/27/79

	  	
SPRINT

	
925,356

	
10/19/81

	  	
PAPA G�S

	
T 931,331

	
11/8/93

	
NC

	
ESPRESS STOP

	
14,892

	
7/23/98

	
TN

	
GOLDEN GALLON

	  	
8/17/83

State Pending Applications

	
State

	
Mark

	
Serial Number

	
Filing Date

	
NC

	
ETNA and Design

	  	
To be filed 05/07

Common Law Marks

	
Mark

	
COWBOYS

	
COWBOYS FOOD MART

	
COWBOYS VALUE CENTER

	
D&D OIL CO., INC.

	
DAIRY DELIGHT

	
DELI EXPRESS

	
DEPOT

	
DOLLAR 24

	
KANGAROO EXPRESS

	
MINI MART

	
SADDLE BAGS

 

U.S. Copyrights

	
Title

	
Registration Number

	
Registration Date

	
Architectural work for a pantry located at 9195 Highway 79, N. Charleston, South Carolina 29418.

	
VAu-287-144

	
July 21, 1993

	
Technical drawings for a pantry Located At 9195 Highway 78, N. Charleston, South Carolina 29418.

	
VAu-287-145

	
May 27, 1993

  

  

  

Other Proprietary Intellectual Property

	  
	
GASOLINE PRICING SYSTEM

	
PAYROLL SYSTEM

	
CASH MANAGEMENT

	
CORPORATE AUDIT SYSTEM

	
MAINTENANCE TRACKING SYSTEM

	
INTERNET/INTRANET WEBSITE

	
APPLICATION SECURITY SYSTEM

	
STORE INFORMATION SYSTEM

  

  

  

Schedule 3.23

INSURANCE

	
Coverage

	
Carrier

	
Policy #

	
Policy Period

	
Coverage

	
Deductibles

	
Premium Including Taxes & Surcharges

	
Pay Plan

	
POLICY RECEIVED

	
 

	
 

	
 

	
 

	
Description

	
Limit

	
Description

	
Dollar Amount

	
 

	
 

	
 

	
Property

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Primary Property

	
Lloyds of London

	
A77265001     A77265002    A77265003

	
3/1/07-08

	
Primary Layer

	
$10,000,000

	
All Other Perils

Named Windstorm

  Designated Wind Areas

All other windstorm

Flood

 

 

Earthquake

	
$100,000

5% of Values subject to $1,000,000 minimum

$100,000

5% within 100-yr plain; 2% within 500-yr plain; $100,000 all other flood

5% in designated counties in SC

2% Specified Counties in NC, $250,000 Minimum; $250,000 all other earthquake

	
$2,200,000 Plus Surplus Lines Taxes to be determined

	
Annual

	
 

  

  

  

	
Coverage

	
Carrier

	
Policy #

	
Policy Period

	
Coverage

	
Deductibles

	
Premium Including Taxes & Surcharges

	
Pay Plan

	
POLICY RECEIVED

	
Workers Compensation:

	
Indemnity Insurance Company of North America (ACE) - Other Than South Carolina

	
WLRC44459516

	
3/1/07-08

	
By Accident

By Disease

By Disease

	
$1,000,000 each accident

$1,000,000 policy limit

$1,000,000 each employee

	
Per Occurrence

	
$500,000

	
1,449,454.00

	
$408,799 and 3 Quarterly Installments of $346,885

	
 

	
Workers Compensation:

	
Indemnity Insurance Company of North America (ACE) -  South Carolina

	
WLRC44459528

	
3/1/07-08

	
By Accident

By Disease

By Disease

	
$1,000,000 each accident

$1,000,000 policy limit

$1,000,000 each employee

	
Per Occurrence

	
$500,000

	
Included

	
Included

	
 

	
General Liability:

	
ARCH Specialty Insurance Company

	
GPP000476702

	
3/1/07-08

	
General Aggregate

Products/Completed Ops Agg

Personal and Advertising Injury

Each Occurrence

Fire Legal Liability

Medical Expense

	
$2,000,000

$2,000,000

$  800,000

$  800,000

$  400,000

Excluded

	
SIR - Occurrence

	
$200,000

	
1,417,610.00

	
Annual

	
 

	
 

	
 

	
 

	
 

	
Employee Benefits Liability

Occurrence

Aggregate

	
 

$ 800,000

$ 2,000,000

	
SIR - Each Claim

	
$200,000

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Liquor Liability

Occurrence

Aggregate

	
$   800,000

$2,000,000

	
SIR - Occurrence

	
$200,000

	
 

	
 

	
 

  

  

  

	
Coverage

	
Carrier

	
Policy #

	
Policy Period

	
Coverage

	
Deductibles

	
Premium Including Taxes & Surcharges

	
Pay Plan

	
POLICY RECEIVED

	
Automobile

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Liability

	
Hartford Fire Insurance Company

	
22UENUD8977

	
3/1/07-08

	
Bodily Injury & Property Damage

Personal Injury Protection

Medical Payments

Uninsured/Underinsured Motorist

	
$1,000,000

Statutory

$   5,000

Rejected where permitted; Statutory where required

	
 

	
Nil

 

 

	
450,665.36

	
$113,749.36 Down and 9 Monthly Payments of $37,434

	
 

	
Physical Damage

	
 

	
 

	
 

	
 

	
 

	
Comprehensive

Collision

	
$1000

$1000

	
 

	
 

	
 

	
Aviation

	
XL Specialty

	
NAN3039733

	
3/1/07-08

	
Non-Owned Aviation

	
$25,000,000 Each Occurrence CSL Liability; $5000 Medical Payments

	
 

	
 

	
$18,934

+$2,500 Broker Fee - Willis Aviation    - Invoiced by Willis Aviation

	
Annual

	
 

	
Umbrella

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Lead Umbrella

	
American Guarantee and Liability Ins. Company (Zurich)

	
AUC937899703

	
3/1/07-08

	
Primary Layer

	
$35,000,000

	
 

	
 

	
530,250.00

	
Annual

	
 

	
Pollution

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Florida Storage Tank Liability

	
Hudson Specialty

	
FSP6110330

	
12/14/06-12/14/07

	
Underground Storage Tank - Claims Made - Retro Date 12-14-04

	
$1,000,000 each incident

$2,000,000 all pollution incidents

	
Each Claim

	
$25,000 Except $100,000 applies on pre-1987 tanks.

	
209,539.00

	
Annual

	
 Yes

	
Georgia Storage Tank Liablility

	
Hudson Specialty Insurance Company

	
FSP6110327

	
12/14/06 - 12/14/07

	
Underground Storage Tank - Claims Made - Retro Date - 12-14-04

	
$1,000,000 each incident

$2,000,000 all pollution incidents

	
Each Claim

	
$25,000 Except $100,000 applies on pre-1987 tanks.

	
93,228.00

	
Annual

	
 Yes

  

  

  

Schedule 4.1-1

FORM OF SECRETARY�S CERTIFICATE

[CREDIT PARTY]

Pursuant to Section 4.1(b) of the Third Amended and Restated Credit Agreement dated as of May 15, 2007 (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement") among The Pantry, Inc. (the "Borrower"), the Domestic Subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders from time to time party thereto, Wachovia Bank, National Association, as Administrative Agent (the "Administrative Agent"), the undersigned ____________ of [CREDIT PARTY] (the "Company") hereby certifies as follows:

1.           Attached hereto as Exhibit A is a true and complete copy of the [articles of incorporation] [certificate of formation] [certificate of limited partnership] of the Company and all amendments thereto as in effect on the date hereof certified as a recent date by the appropriate Governmental Authorities of the state of [incorporation] [organization] of the Company.

2.           Attached hereto as Exhibit B is a true and complete copy of the [bylaws] [operating agreement] [partnership agreement] of the Company and all amendments thereto as in effect on the date hereof.

3.           Attached hereto as Exhibit C is a true and complete copy of resolutions duly adopted by the [board of directors] [members] [managers] [partners] of the Company on ___________ ____.  Such resolutions have not in any way been rescinded or modified and have been in full force and effect since their adoption to and including the date hereof, and such resolutions are the only corporate proceedings of the Company now in force relating to or affecting the matters referred to therein.

4.           Attached hereto as Exhibit D is a true and complete copy of the certificates of good standing, existence or its equivalent of the Company certified as a recent date by the appropriate Governmental Authorities of the state of [incorporation] [organization] of the Company and each other state in which the failure to so qualify and be in good standing could reasonably be expected to have a Material Adverse Effect.

5.           The following persons are the duly elected and qualified officers of the Company, holding the offices indicated next to the names below on the date hereof, and the signatures appearing opposite the names of the officers below are their true and genuine signatures, and each of such officers is duly authorized to execute and deliver on behalf of the Company, the Credit Agreement, the Notes and the other Credit Documents to be issued pursuant thereto:

 

	
Name

	
Office

	
Signature

	  	  	  
	  	  	  
	  	  	  

  

  

  

 

This Certificate may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

IN WITNESS WHEREOF, I hereunder subscribe my name effective as of the ____ day of ________, ____.

	  	  	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

	
  

	 

I, _______________________, the _______________________ of the Company, hereby certify that ____________________ is the duly elected and qualified _______________________ of the Company and that his/her true and genuine signature is set forth above.

	  	  	  	  
	  	
Name:

	  	  
	  	
Title:

	  	  

  

  

  

Schedule 4.1-3

FORM OF SOLVENCY CERTIFICATE

The undersigned Chief Financial Officer of THE PANTRY, INC., a Delaware corporation (the "Borrower"), is familiar with the properties, businesses, assets and liabilities of the Credit Parties (as defined in the Credit Agreement referred to below) and is duly authorized to execute this certificate on behalf of the Credit Parties.

Reference is made to that certain Third Amended and Restated Credit Agreement, dated as of May 15, 2007, (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement"), among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent").  All capitalized terms used and not defined herein have the meanings stated in the Credit Agreement.

1.           The undersigned certifies that he has made such investigation and inquiries as to the financial condition of the Credit Parties as he deems necessary and prudent for the purpose of providing this Certificate.  The undersigned acknowledges that the Administrative Agent and the Lenders are relying on the truth and accuracy of this Certificate in connection with the making of Loans under the Credit Agreement.

2.           The undersigned certifies that the financial information, projections and assumptions which underlie and form the basis for the representations made in this Certificate were reasonable when made and were made in good faith and continue to be reasonable as of the date hereof.

BASED ON THE FOREGOING, the undersigned certifies that, both before and after giving effect to the Loans and other Extensions of Credit:

	
  

	
A.

	
The Credit Parties, on a consolidated basis, are solvent and are able to pay their debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business.

	
  

	
B.

	
The Credit Parties, on a consolidated basis, do not intend to, and do not believe that they will, incur debts or liabilities beyond their ability to pay as such debts and liabilities mature in their ordinary course.

	
  

	
C.

	
The Credit Parties, on a consolidated basis, are not engaged in any business or transaction, and are not about to engage in any business or transaction, for which the assets of the Credit Parties, on a consolidated basis, would constitute unreasonably small capital.

	
  

	
D.

	
The present fair saleable value of the consolidated assets of the Credit Parties, measured on a going concern basis, is not less than the amount that will be required to pay the liability on the debts of the Credit Parties, on a consolidated basis, as they become absolute and matured.

  

  

  

This Solvency Certificate may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

	  	
THE PANTRY, INC.

	  	  	  	  
	  	
By:

	  	  
	  	
Name:

	  	  
	  	
Title: Chief Financial Officer

  

  

  

Schedule 5.9

FORM OF JOINDER AGREEMENT

THIS JOINDER AGREEMENT (the "Agreement"), dated as of _____________, ____, is by and between _____________________, a ___________________ (the "Subsidiary Guarantor"), The Pantry, Inc. (the "Borrower") and WACHOVIA BANK, NATIONAL ASSSOCIATION, in its capacity as Administrative Agent under that certain Third Amended and Restated Credit Agreement (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement"), dated as of May 15, 2007, by and among the Borrower, the Domestic Subsidiaries of the Borrower from time to time party thereto (individually a "Guarantor" and collectively, the "Guarantors"), the Lenders from time to time party thereto and Wachovia Bank, National Association, as administrative agent (the "Administrative Agent").  All of the defined terms in the Credit Agreement are incorporated herein by reference.

The Subsidiary Guarantor is an Additional Credit Party and, consequently, the Credit Parties are required by Section 5.9 of the Credit Agreement to cause the Subsidiary Guarantor to become a "Guarantor" thereunder.

Accordingly, the Subsidiary Guarantor and the Borrower hereby agree as follows with the Administrative Agent, for the benefit of the Lenders:

1.           The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to be a party to and a �Guarantor� under the Credit Agreement and shall have all of the obligations of a Guarantor thereunder as if it had executed the Credit Agreement.  The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the applicable Credit Documents, including without limitation (a) all of the representations and warranties set forth in Article III of the Credit Agreement and (b) all of the affirmative and negative covenants set forth in Articles V and VI of the Credit Agreement.  Without limiting the generality of the foregoing terms of this Paragraph 1, the Subsidiary Guarantor hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment of the Credit Party Obligations in accordance with Article X of the Credit Agreement.

2.           The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to be a party to the Security Agreement, and shall have all the rights and obligations of an �Obligor� (as such term is defined in the Security Agreement) thereunder as if it had executed the Security Agreement.  The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Security Agreement.  Without limiting the generality of the foregoing terms of this Paragraph 2, the Subsidiary Guarantor hereby grants to the Administrative Agent, for the benefit of the Lenders, a continuing security interest in, and a right of set off against any and all right, title and interest of the Subsidiary Guarantor in and to the Collateral (as such term is defined in Section 2 of the Security Agreement) of the Subsidiary Guarantor.

  

  

  

3.           The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to be a party to the Pledge Agreement, and shall have all the rights and obligations of a �Pledgor� thereunder as if it had executed the Pledge Agreement.  The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all the terms, provisions and conditions contained in the Pledge Agreement.  Without limiting the generality of the foregoing terms of this Paragraph 3, the Subsidiary Guarantor hereby pledges and assigns to the Administrative Agent, for the benefit of the Lenders, and grants to the Administrative Agent, for the benefit of the Lenders, a continuing security interest in any and all right, title and interest of the Subsidiary Guarantor in and to Pledged Capital Stock (as such term is defined in Section 2 of the Pledge Agreement) and the other Pledged Collateral (as such term is defined in Section 2 of the Pledge Agreement).

4.           The Subsidiary Guarantor acknowledges and confirms that it has received a copy of the Credit Agreement and the schedules and exhibits thereto and each Security Document and the schedules and exhibits thereto.  The information on the schedules to the Credit Agreement and the Security Documents are hereby supplemented (to the extent permitted under the Credit Agreement or Security Documents) to reflect the information shown on the attached Schedule A.

5.           The Borrower confirms that the Credit Agreement is, and upon the Subsidiary Guarantor becoming a Guarantor, shall continue to be, in full force and effect.  The parties hereto confirm and agree that immediately upon the Subsidiary Guarantor becoming a Guarantor the term "Credit Party Obligations," as used in the Credit Agreement, shall include all obligations of the Subsidiary Guarantor under the Credit Agreement and under each other Credit Document.

6.           Each of the Borrower and the Subsidiary Guarantor agrees that at any time and from time to time, upon the written request of the Administrative Agent, it will execute and deliver such further documents and do such further acts as the Administrative Agent may reasonably request in order to effect the purposes of this Agreement.

7.           This Agreement (a) may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute one contract and (b) may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for all purposes to be an original signature.

8.           This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  

  

  

IN WITNESS WHEREOF, each of the Borrower and the Subsidiary Guarantor has caused this Agreement to be duly executed by its authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written.

	
SUBSIDIARY GUARANTOR:

	
[SUBSIDIARY GUARANTOR]

	  	  	  	  
	  	  	
By:

	  
	  	  	
Name:

	  
	  	  	
Title:

	  
	  	  	  	  
	  	  	  	  
	
BORROWER:

	
THE PANTRY, INC.,

	  	  	
a Delaware corporation

	  	  	  	  
	  	  	
By:

	  
	  	  	
Name:

	  
	  	  	
Title:

	  
	  	  	  	  
	  	  	  	  
	
Acknowledged, accepted and agreed:

	  	  	  	  
	
WACHOVIA BANK, NATIONAL ASSOCIATION,

	
as Administrative Agent

	  	  	  	  
	
By:

	  	  	  
	
Name:

	  	  	  
	
Title:

	  	  	  

  

  

  

Schedule A

Schedules to Credit Agreement and Security Documents

[TO BE COMPLETED BY BORROWER]

  

  

  

 

Schedule 5.13 

 

MORTGAGED PROPERTIES

	
Store #

	
Old

Cobra #

	
Owned/Leased

	
Comment

	
Open Date

	
County

	
Street Address

	
City/State/Zip

	
1

	  	
Owned Fee-Property

	
Non-Operating

	  	
Lee

	
1801 DOUGLAS DR

	
SANFORD, NC 27330

	
12

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
2385 HURT ROAD

	
MARIETTA, GA

	
70

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
7428 HIXON PIKE

	
HTXON,TN 37343

	
73

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
8600 HIXON PIKE

	
HTXON,TN 37343

	
74

	  	
Owned Fee-Property

	
Non-Operating

	  	  	
5723 HIXON PIKE

	
HTXON,TN 37343

NEWLY ACQUIRED PROPERTY - TO BE RETAINED BY PANTRY

	 
	
Corporate Office Adj. Property, Sanford, NC

	  
	
953 New Berlin Road, Jacksonville, FL

	  
	
*Opp. Corner, Benton Rd., Bossier City, LA

  

  

  

	  	
Store Property Type and Address

	
Page 1

	
Prog - STR005R

	
*

	
Date - 4/19/2007

	
*

	
Time - 10:45:18

	
*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
105

	
03/01/1981

	
LEE

	
809 CARTHAGE ST

	
SANFORD,  NC 27330

	
Owned

	
112

	
01/06/1986

	
ALAMANCE

	
110 W HAGGARD ST

	
ELON COLLEGE, NC 27244

	
Owned

	
130

	
01/01/1974

	
ROWAN

	
264 EAST MAIN STREET

	
ROCKWELL,  NC 28138

	
Owned

	
140

	
01/01/1974

	
WATAUGA

	
1218 STATE FARM RD.

	
BOONE, NC 28607

	
Owned

	
147

	
07/02/1978

	
WATAUGA

	
1056 EAST KING ST.

	
BOONE,  NC 28607

	
Owned

	
150

	
07/01/1974

	
RANDOLPH

	
127 EAST SWANNANOA

	
LIBERTY, NC 27298

	
Owned

	
157

	
11/01/1978

	
IREDELL

	
250 MAIN ST

	
TROUTMAN, NC 28166

	
Owned

	
161

	
07/07/1975

	
ALAMANCE

	
1031 HWY 87 NORTH

	
ELON COLLEGE,  NC 27244

	
Owned

	
170

	
05/04/1984

	
GUILFORD

	
3101 PLEASANT GARDEN RD

	
GREENSBORO, NC 27406

	
Owned

	
172

	
08/29/1975

	
IREDELL

	
354 S MAIN ST

	
MOORESVILLE, NC 28115

	
Owned

	
182

	
08/24/1976

	
ROWAN

	
300 S SALISBURY ST

	
SPENCER, NC 28159

	
Owned

	
192

	
05/01/1985

	
FORSYTH

	
700 JONESTOWN RD

	
WINSTON-SALEM,  NC 27103

	
Owned

	
215

	
07/01/1976

	
STOKES

	
101 E KING ST

	
KING, NC 27021

	
Owned

	
218

	
12/05/1985

	
LEE

	
1130 N HORNER BLVD

	
SANFORD,  NC 27330

	
Owned

	
239

	
03/24/1978

	
CATAWBA

	
1200 E MAIN ST

	
MAIDEN, NC 28650

	
Owned

	
240

	
07/21/1977

	
CATAWBA

	
334 EAST 20TH ST

	
NEWTON, NC 28658

	
Owned

	
247

	
05/25/1978

	
HORRY

	
348 DICK POND RD

	
MYRTLE BEACH, SC 29577

	
Owned

	
277

	
06/12/1980

	
BEAUFORT

	
71 MATTHEWS DR & HWY 278

	
HILTON HEAD ISLAND,  SC 29

	
Owned

	
288

	
10/30/1980

	
CHARLESTON

	
2572 ASHLEY RIVER RD

	
CHARLESTON, SC 29414

	
Owned

	
294

	
06/02/1980

	
CHATHAM

	
11399 US HWY 15-501 SOUTH

	
CHAPEL HILL,  NC 27514

	
Owned

	
295

	
10/16/1980

	
BEAUFORT

	
1810 RIBALT RD

	
PORT ROYAL, SC 29935

	
Owned

	
302

	
03/24/1981

	
CUMBERLAND

	
736 S REILLY RD

	
FAYETTEVILLE,  NC 28304

	
Owned

	
305

	
01/22/1981

	
CUMBERLAND

	
1501 PAMALEE DR

	
FAYETTEVILLE, NC 28303

	
Owned

	
315

	
04/16/1981

	
KERSHAW

	
2507 MAIN STREET

	
ELGIN, SC 29045

	
Owned

	
321

	
04/08/1982

	
BERKELEY

	
1044 REDBANK RD

	
GOOSE CREEK, SC 29445

	
Owned

	
323

	
01/07/1982

	
RICHLAND

	
317-B ROYAL TOWER RD

	
IRMO, SC 29063

	
Owned

	
326

	
10/22/1981

	
SUMTER

	
550 SOUTH PIKE EAST

	
SUMTER, SC 29150

	
Owned

	
330

	
08/13/1981

	
BERKELEY

	
215 RED BANK RD.

	
GOOSE CREEK,  SC 29445

	
Owned

	
331

	
12/31/1971

	
LEE

	
1612 TRAMWAY ROAD

	
SANFORD, NC 27330

	
Owned

	
332

	
10/08/1981

	
LEXINGTON

	
3950 AUGUSTA RD

	
WEST COLUMBIA, SC 29169

	
Owned

	
334

	
07/16/1981

	
HORRY

	
1011 GLENN BAY RD

	
SURFSIDE BEACH,  SC 29575

	
Owned

	
340

	
10/22/1981

	
GREENWOOD

	
1530 BYPASS NE

	
GREENWOOD, SC 29646

	
Owned

	
355

	
06/10/1971

	
LEE

	
429 EAST WEATHERSPOON ST

	
SANFORD, NC 27330

	
Owned

	
366

	
06/26/1982

	
LEE

	
812 SOUTH HORNER BLVD.

	
SANFORD, NC 27330

	
Owned

	
376

	
08/21/1981

	
CUMBERLAND

	
4000 SOUTH MAIN ST

	
HOPE MILLS,  NC 28348

	
Owned

	
391

	
05/27/1982

	
CHRISTIAN

	
3249 LAFAYETTE RD

	
HOPKINSVILLE, KY 42240

	
Owned

	
394

	
06/17/1982

	
CHRISTIAN

	
932 NORTH MAIN ST

	
HOPKINSVILLE, KY 42240

	
Owned

	
398

	
11/12/1981

	
SUMTER

	
503 BROAD & MILLER ST

	
SUMTER, SC 29150

	
Owned

	
399

	
01/07/1982

	
LEXINGTON

	
1190 SUNSET BLVD

	
WEST COLUMBIA,  SC 29169

	
Owned

	
402

	
04/06/1982

	
MONTGOMERY

	
560 DOVER RD

	
CLARKSVILLE, TN 37040

	
Owned

	
405

	
10/01/1981

	
LEE

	
3006 HAWKINS AVENUE

	
SANFORD,  NC 27330

	
Owned

	
406

	
10/03/1981

	
HARNETT

	
1404 S MAIN ST

	
LILLINGTON, NC 27546

	
Owned

	
407

	
03/30/1982

	
MONTGOMERY

	
1874 MEMORIAL DR

	
CLARKSVILLE, TN 37040

	
Owned

	
410

	
12/13/1982

	
WATAUGA

	
1996 BLOWING ROCK RD.

	
BOONE, NC 28607

	
Owned

	
419

	
12/15/1983

	
LOGAN

	
1034 N. MAIN STREET

	
RUSSELLVILLE,  KY 42276

	
Owned

	
420

	
12/08/1983

	
LOGAN

	
407 HOPKINSVILLE RD

	
RUSSELLVILLE, KY 42276

	
Owned

	
422

	
04/13/1984

	
HORRY

	
511 HWY 17,  6TH AVE.  S.

	
NORTH MYRTLE BEACH,  SC 29

  

  

  

	  	
Store Property Type and Address

	
Page 2

	
Prog - STR005R

	
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Date - 4/19/2007

	
*

	
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*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
427

	
07/26/1984

	
HOPKINS

	
HWY US 41A & 62

	
NORTONVILLE,  KY 42442

	
Owned

	
430

	
09/20/1984

	
BEAUFORT

	
1610 FORDING ISLAND ROAD

	
BLUFFTON,  SC 29926

	
Owned

	
442

	
02/21/1985

	
LEXINGTON

	
3504 CHARLESTON HWY

	
WEST COLUMBIA,  SC 29169

	
Owned

	
443

	
05/23/1985

	
MONTGOMERY

	
648 LA FAYETTE RD

	
CLARKSVILLE, TN 37042

	
Owned

	
445

	
02/07/1985

	
RICHLAND

	
806 BROAD RIVER RD

	
COLUMBIA, SC 29210

	
Owned

	
446

	
05/15/1985

	
BERKELEY

	
830 COLLEGE PARK ROAD

	
LADSON,  SC 29456

	
Owned

	
448

	
05/03/1985

	
BERKELEY

	
1677 NORTH MAIN

	
SUMMERVILLE,  SC 29483

	
Owned

	
450

	
05/30/1985

	
NEW HANOVER

	
2400 N.  COLLEGE RD

	
WILMINGTON,  NC 28405

	
Owned

	
451

	
05/09/1985

	
MONTGOMERY

	
1801 MADISON STREET

	
CLARKSVILLE, TN 37040

	
Owned

	
452

	
05/08/1985

	
LEXINGTON

	
3516 BUSH RIVER RD

	
COLUMBIA, SC 29210

	
Owned

	
453

	
04/27/1985

	
RICHLAND

	
3800 ROSEWOOD DRIVE

	
COLUMBIA, SC 29205

	
Owned

	
454

	
07/26/1985

	
GUILFORD

	
2522 RANDLEMAN RD

	
GREENSBORO, NC 27406

	
Owned

	
457

	
07/18/1985

	
WAKE

	
705 E. WILLIAMS STREET

	
APEX, NC 27502

	
Owned

	
458

	
10/03/1985

	
SUMNER

	
601 HARTSVILLE PIKE

	
GALLATIN, TN 37066

	
Owned

	
461

	
07/25/1985

	
HORRY

	
860 HWY 17 N.

	
LITTLE RIVER, SC 29566

	
Owned

	
462

	
09/27/1985

	
GUILFORD

	
101 PISGAH CHURCH

	
GREENSBORO,  NC 27405

	
Owned

	
463

	
08/22/1985

	
MONTGOMERY

	
301 PROVIDENCE ROAD

	
CLARKSVILLE, TN 37042

	
Owned

	
464

	
08/05/1985

	
NEW HANOVER

	
2375 S 17TH STREET

	
WILMINGTON,  NC 28401

	
Owned

	
467

	
08/08/1985

	
BRUNSWICK

	
1130 NORTH HOWE STREET

	
SOUTHPORT,  NC 28461

	
Owned

	
470

	
01/15/1986

	
RICHLAND

	
4400 BETHEL CHURCH ROAD

	
FOREST ACRES, SC 29206

	
Owned

	
472

	
04/10/1986

	
BEDFORD

	
320 MADISON ST

	
SHELBYVILLE, TN 37160

	
Owned

	
473

	
12/05/1985

	
MONTGOMERY

	
1791 WILMA RUDOLPH BLVD.

	
CLARKSVILLE, TN 37040

	
Owned

	
474

	
03/20/1986

	
RUTHERFORD

	
302 W NORTHFIELD BLVD

	
MURFREESBORO, TN 37129

	
Owned

	
475

	
11/27/1985

	
MOORE

	
10805 S US HWY 15 501

	
SOUTHERN PINES,  NC 28387

	
Owned

	
476

	
12/18/1985

	
LEXINGTON

	
1259 CHAPIN RD

	
CHAPIN,  SC 29036

	
Owned

	
477

	
05/01/1986

	
BEDFORD

	
702 S CANNON BLVD.

	
SHELBYVILLE, TN 37160

	
Owned

	
481

	
02/27/1986

	
CUMBERLAND

	
3458 N.  MAIN ST.

	
HOPE MILLS, NC 28348

	
Owned

	
482

	
05/08/1986

	
HORRY

	
13 HWY 90 EAST

	
LITTLE RIVER, SC 29566

	
Owned

	
484

	
08/25/1986

	
NEW HANOVER

	
5800 CASTLE HAYNE RD

	
CASTLE HAYNE,  NC 28429

	
Owned

	
485

	
08/14/1986

	
BEDFORD

	
900 N MAIN STREET

	
SHELBYVILLE, TN 37160

	
Owned

	
489

	
11/18/1986

	
RICHLAND

	
7800 GARNERS FERRY RD

	
COLUMBIA, SC 29209

	
Owned

	
490

	
10/03/1986

	
BEAUFORT

	
1301 RIBAULT ROAD

	
PORT ROYAL, SC 29935

	
Owned

	
494

	
06/27/1987

	
CHARLESTON

	
3586 SAVANNAH HWY

	
JOHNS ISLAND, SC 29455

	
Owned

	
497

	
04/03/1987

	
RICHLAND

	
2235 DECKER BLVD

	
COLUMBIA, SC 29209

	
Owned

	
498

	
05/15/1987

	  	
5098 DORCHESTER RD

	
CHARLESTON, SC 29418

	
Owned

	
500

	
04/22/1987

	
CUMBERLAND

	
1300 HOPE MILLS RD

	
FAYETTEVILLE,  NC 28304

	
Owned

	
702

	
07/14/1986

	
HENDERSON

	
2336 S GREEN ST

	
HENDERSON, KY 42420

	
Owned

	
706

	
05/02/1977

	
HENDERSON

	
300 WATSON LANE

	
HENDERSON,  KY 42420

	
Owned

	
725

	
05/22/1981

	
MUHLENBERG

	
6059 US HWY 62 W

	
GRAHAM,  KY 42344

	
Owned

	
773

	
09/15/1986

	
GREENVILLE

	
429 WADE HAMPTON BLVD

	
GREENVILLE, SC 29604

	
Owned

	
788

	
10/16/1987

	
DORCHESTER

	
207 OLD TROLLEY RD

	
SUMMERVILLE,  SC 29483

	
Owned

	
794

	
03/09/1989

	
DORCHESTER

	
1595 TROLLEY RD

	
SUMMERVILLE,  SC 29483

	
Owned

	
812

	
12/17/1987

	
VANDERBURGH

	
325 S KENTUCKY AVE

	
EVANSVILLE,  IN 47714

	
Owned

	
820

	
06/25/1989

	
CHARLESTON

	
906 FOLLY ROAD

	
JAMES ISLAND,  SC 29412

	
Owned

	
833

	
11/21/1989

	
KERSHAW

	
521 HWY 601 S

	
LUGOFF, SC 29078

	
Owned

	
839

	
03/01/1990

	  	
42 CENTER STREET

	
FOLLY BEACH,  SC 29439

	
Owned

	
840

	
09/27/1990

	  	
1402 BEN SAWYER BLVD

	
MOUNT PLEASANT, SC 29464

	
Owned

	
843

	
12/14/1989

	
HENDERSON

	
2001 U.S. 60 EAST

	
HENDERSON,  KY 42420

	
Owned

	
1013

	
01/14/1972

	
Bradford

	
2158 N TEMPLE AVENUE

	
STARKE,  FL 32091

	
Owned

	
1035

	
07/16/1972

	
St. Johns

	
9900 SHANDS PIER RD

	
JACKSONVILLE,  FL 32259

	
Owned

	
1041

	
12/02/1972

	
Levy

	
392 N. HATHAWAY AVE

	
BRONSON,  FL 32612

	
Owned

	
1043

	
12/09/1972

	
St. Johns

	
6929 A1A, S

	
ST AUGUSTINE,  FL 32086

  

  

  

	  	
Store Property Type and Address

	
Page 3

	
Prog - STR005R

	
*

	
Date - 4/19/2007

	
*

	
Time - 10:45:18

	
*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
1066

	
01/31/1974

	
Seminole

	
1920 FRENCH AVENUE

	
SANFORD,  FL 32771

	
Owned

	
1069

	
03/08/1974

	
St. Johns

	
4760 US 1, N, SUITE A

	
ST AUGUSTINE,  FL 32095

	
Owned

	
1084

	
07/26/1974

	
Duval

	
11985 BEACH BLVD

	
JACKSONVILLE,  FL 32246

	
Owned

	
1095

	
07/25/1975

	
Duval

	
2810 SR AlA

	
ATLANTIC BEACH,  FL 32233

	
Owned

	
1101

	
08/27/1976

	
St. Johns

	
511 ANASTASIA BLVD

	
ST AUGUSTINE,  FL 32084

	
Owned

	
1102

	
09/24/1976

	
Alachua

	
5708 NW 34TH ST

	
GAINESVILLE,  FL 32653

	
Owned

	
1106

	
11/18/1976

	
Alachua

	
203 NE 39TH AVE

	
GAINESVILLE,  FL 32609

	
Owned

	
1119

	
08/23/1977

	
Alachua

	
16130- 10 N.W.  US HWY 441

	
ALACHUA,  FL 32615

	
Owned

	
1127

	
08/03/1978

	
Duval

	
953 NEW BERLIN RD

	
JACKSONVILLE,  FL 32218

	
Owned

	
1132

	
02/15/1979

	
Duval

	
9750 OLD ST AUGUSTINE RD

	
JACKSONVILLE,  FL 32257

	
Owned

	
1158

	
09/17/1981

	
Duval

	
1005 EDGEWOOD AVE, S

	
JACKSONVILLE,  FL 32205

	
Owned

	
1172

	
01/06/1983

	
Clay

	
2468 BLANDING BLVD

	
MIDDLEBURG,  FL 32068

	
Owned

	
1195

	
08/09/1984

	
Duval

	
4525 SUNBEAM RD

	
JACKSONVILLE,  FL 32257

	
Owned

	
1202

	
03/14/1985

	
Alachua

	
14411 N.W.  US HIGHWAY 441

	
ALACHUA,  FL 32615

	
Owned

	
1205

	
06/13/1985

	
Osceola

	
101 BUENAVENTURA BLVD

	
KISSIMMEE,  FL 34743

	
Owned

	
1208

	
06/20/1985

	
Duval

	
5408 MAIN STREET

	
JACKSONVILLE,  FL 32208

	
Owned

	
1220

	
12/04/1986

	
Alachua

	
7404 NE WALDO RD

	
GAINESVILLE,  FL 32609

	
Owned

	
1223

	
03/12/1987

	
Alachua

	
5200 NE WALDO RD

	
GAINESVILLE,  FL 32609

	
Owned

	
1226

	
02/19/1987

	
Seminole

	
7499 SR 427

	
SANFORD,  FL 32773

	
Owned

	
1227

	
05/03/1987

	
Orange

	
18359 E COLONIAL DR

	
ORLANDO,  FL 32820

	
Owned

	
1228

	
05/03/1987

	
Clay

	
3075 HWY 17

	
GREEN COVE SPRINGS,  FL 32

	
Owned

	
1229

	
05/28/1987

	
Flagler

	
4850 E HIGHWAY 100

	
FLAGLER BEACH,  FL 32136

	
Owned

	
1231

	
08/06/1987

	
Duval

	
3605 ST JOHN'S BLUFF RD

	
JACKSONVILLE,  FL 32224

	
Owned

	
1233

	
02/03/1988

	
Flagler

	
500 E MOODY STREET

	
BUNNELL,  FL 32110

	
Owned

	
1236

	
02/18/1988

	
Osceola

	
4301 13TH STREET

	
ST CLOUD,  FL 34769

	
Owned

	
1237

	
03/11/1988

	
Man" on

	
3232 W SILVER SPGS BLVD

	
OCALA,  FL 34475

	
Owned

	
1238

	
04/21/1988

	
Marion

	
14780 NE HWY 315

	
FT MCCOY,  FL 32134

	
Owned

	
1239

	
04/14/1988

	
Osceola

	
1700 N THACKER AVENUE

	
KISSIMMEE,  FL 34741

	
Owned

	
1240

	
04/22/1988

	
Orange

	
2438 SHADER ROAD

	
ORLANDO,  FL 32804

	
Owned

	
1242

	
08/25/1988

	
Marion

	
17980 N   US HWY 441

	
ORANGE LAKE,  FL 32681

	
Owned

	
1244

	
07/16/1988

	
Seminole

	
2095 COUNTY RD 427 N

	
LONGWOOD,  FL 32750

	
Owned

	
1248

	
07/31/1988

	
St. Johns

	
800 S PONCE DELEON BLVD

	
ST AUGUSTINE, FL 32084

	
Owned

	
1250

	
01/12/1989

	
Duval

	
5711 BOWDEN ROAD, #1

	
JACKSONVILLE,  FL 32216

	
Owned

	
1251

	
11/16/1988

	
Marion

	
7676 N US HWY 441

	
OCALA, FL 34475

	
Owned

	
1253

	
12/28/1988

	
Duval

	
5001 HECKSCHER DR

	
JACKSONVILLE,  FL 32226

	
Owned

	
1256

	
04/05/1989

	
Volusia

	
1712 DOYLE ROAD

	
DELTONA,  FL 32738

	
Owned

	
1259

	
04/20/1989

	
Marion

	
12995 N US HWY 441

	
CITRA, FL 34475

	
Owned

	
1262

	
10/12/1989

	
Nassau

	
551726 US HWY 1

	
HILLIARD,  FL 32046

	
Owned

	
1263

	
09/15/1989

	
Volusia

	
1380 HOWLAND BLVD

	
DELTONA,  FL 32738

	
Owned

	
1265

	
01/18/1990

	
Flagler

	
1201 PALM HARBOR PKWY

	
PALM COAST,  FL 32137

	
Owned

	
1266

	
02/15/1990

	
Osceola

	
1297 SIMPSON RD

	
KISSIMMEE,  FL 34744

	
Owned

	
1267

	
04/12/1990

	
Flagler

	
#3 KINGSWOOD DR

	
PALM COAST,  FL 32137

	
Owned

	
1271

	
05/24/1991

	
Volusia

	
1520 N US 1

	
ORMOND BEACH,  FL 32174

	
Owned

	
1273

	
08/15/1991

	
Volusia

	
2798 ELKCAM BLVD

	
DELTONA,  FL 32738

	
Owned

	
1276

	
01/16/1992

	
Orange

	
808 CHICKASAW TRAIL,  N

	
ORLANDO,  FL 32825

	
Owned

	
1277

	
04/16/1992

	
Seminole

	
690 W AIRPORT BLVD

	
SANFORD,  FL 32773

	
Owned

	
1278

	
12/10/1992

	
Flagler

	
5484 N OCEANSHORE BLVD

	
PALM COAST, FL 32137

	
Owned

	
1279

	
03/30/1995

	
St. Johns

	
2919 COASTAL HWY

	
ST AUGUSTINE,  FL 32095

	
Owned

	
1285

	
12/22/1994

	
Clay

	
2816 HENLEY ROAD

	
GREEN COVE SPRINGS,  FL 32

	
Owned

	
1286

	
05/11/1995

	
Citrus

	
7985 NORTH CITRUS AVE

	
CRYSTAL RIVER, FL 34428

	
Owned

	
1290

	
08/21/1997

	
Flagler

	
890 PALM COAST PKWY SW

	
PALM COAST,  FL 32137

	
Owned

	
1291

	
10/17/1996

	
Brevard

	
7290 GEORGE T.EDWARD DR

	
MELBOURNE,  FL 32940

  

  

  

	  	
Store Property Type and Address

	
Page 4

	
Prog - STR005R

	
*

	
Date - 4/19/2007

	
*

	
Time - 10:45:18

	
*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
1305

	
05/02/1998

	
Alachua

	
2300 E UNIVERSITY AVE

	
GAINESVILLE,  FL 32609

	
Owned

	
1309

	
05/02/1998

	
Gilchrist

	
705 N MAIN ST

	
TRENTON,  FL 32693

	
Owned

	
1313

	
04/29/1998

	
Alachua

	
4221 NW 16TH BLVD

	
GAINESVILLE, FL 32605

	
Owned

	
1322

	
09/01/1998

	
Baker

	
340 E MACCLENNY AVE

	
MACCLENNY,  FL 32063

	
Owned

	
1323

	
09/01/1998

	
Clay

	
205 S.  LAWRENCE BLVD

	
KEYSTONE HEIGHTS,  FL 3265

	
Owned

	
2046

	
01/28/1999

	
Volusia

	
1101 DERBYSHIRE

	
HOLLY HILL,  FL 32117

	
Owned

	
2049

	
01/28/1999

	
Seminole

	
4140 E SR46

	
SANFORD,  FL 32771

	
Owned

	
2050

	
01/28/1999

	
Volusia

	
1591 DUNLAWTON AVE

	
PORT ORANGE,  FL 32119

	
Owned

	
2053

	
01/28/1999

	
Putnam

	
1171 HIGHWAY 17S

	
SATSUMA,  FL 32189

	
Owned

	
2072

	
01/28/1999

	
Volusia

	
239 N.  CENTER STREET

	
PIERSON,  FL 32180

	
Owned

	
2074

	
01/28/1999

	
Volusia

	
2123 INTERNATIONAL SPEEDW

	
DELAND,  FL 32724

	
Owned

	
2102

	
01/28/1999

	
Volusia

	
2185 W. STATE ROAD 44

	
DELAND,  FL 32720

	
Owned

	
2103

	
01/28/1999

	
Orange

	
10 E.  SILVER STAR ROAD

	
OCOEE, FL 34761

	
Owned

	
2104

	
01/28/1999

	
Volusia

	
1058 N.  US 1

	
ORMOND BEACH,  FL 32174

	
Owned

	
2105

	
01/28/1999

	
Marion

	
13873 S.E.  HIGHWAY 42

	
WEIRSDALE,  FL 32195

	
Owned

	
2106

	
01/28/1999

	
Orange

	
8299 SILVER STAR ROAD

	
ORLANDO,  FL 32818

	
Owned

	
2107

	
01/28/1999

	
Putnam

	
551 S.  SUMMIT STREET

	
CRESCENT CITY,  FL 32112

	
Owned

	
2108

	
01/28/1999

	
Lake

	
1525 US HWY 27

	
CLERMONT,  FL 34711

	
Owned

	
2110

	
01/28/1999

	
Seminole

	
5690 WEST SR 46

	
SANFORD,  FL 32771

	
Owned

	
2111

	
01/28/1999

	
Brevard

	
6004 US HIGHWAY 1

	
SCOTTSMOOR,  FL 32775

	
Owned

	
2114

	
01/28/1999

	
Lake

	
810 US HWY 27

	
MINNEOLA,  FL 34755

	
Owned

	
2115

	
01/28/1999

	
Volusia

	
1099 W.INT'L SPEEDWAY BLV

	
DELAND,  FL 32720

	
Owned

	
2116

	
01/28/1999

	
Orange

	
17503 W SR 50

	
OAKLAND,  FL 34760

	
Owned

	
2117

	
01/28/1999

	
Putnam

	
241 S. HIGHWAY 17

	
EAST PALATKA,  FL 32131

	
Owned

	
2118

	
01/28/1999

	
Lake

	
24425 SR 44

	
EUSTIS,  FL 32736

	
Owned

	
2119

	
01/28/1999

	
Citrus

	
8486 N.  CARL G.  ROSE HWY

	
HERNANDO,  FL 34442

	
Owned

	
2120

	
01/28/1999

	
Marion

	
14870 S US HIGHWAY 441

	
SUMMERFIELD,  FL 34491

	
Owned

	
2122

	
04/22/1999

	
Marion

	
3550 N US HIGHWAY 441

	
OCALA, FL 34475

	
Owned

	
2123

	
01/28/1999

	
Marion

	
6155 SW HIGHWAY 200

	
OCALA,  FL 34476

	
Owned

	
2125

	
02/04/1999

	
Polk

	
45489 US HWY 27

	
DAVENPORT,  FL 33837

	
Owned

	
2157

	
01/28/1999

	
Putnam

	
440 CR 309

	
WELAKA,  FL 32193

	
Owned

	
2184

	
01/28/1999

	
Volusia

	
1022 E.  NEW YORK AVE

	
DELAND,  FL 32724

	
Owned

	
2207

	
01/28/1999

	
Orange

	
12390 E.  COLONIAL DR

	
ORLANDO,  FL 32826

	
Owned

	
2209

	
01/28/1999

	
Polk

	
101 POLO PARK BLVD E

	
DAVENPORT,  FL 33837

	
Owned

	
2234

	
01/28/1999

	
Volusia

	
1701 N. VOLUSIA AVE

	
ORANGE CITY,  FL 32763

	
Owned

	
2235

	
01/28/1999

	
Putnam

	
624 S STATE ROAD 19 N

	
PALATKA,  FL 32177

	
Owned

	
2236

	
01/28/1999

	
Brevard

	
2498 TURPENTINE RD

	
MIMS,  FL 32754

	
Owned

	
2258

	
01/28/1999

	
Volusia

	
1717 S US 17

	
BARBERVILLE,  FL 32105

	
Owned

	
2271

	
01/28/1999

	
Volusia

	
1695 N. US 17

	
SEVILLE,  FL 32190

	
Owned

	
2291

	
01/28/1999

	
St. Johns

	
6750 US1 SOUTH

	
ST AUGUSTINE,  FL 32086

	
Owned

	
2292

	
01/28/1999

	
Lake

	
7609 US 441

	
LEESBURG,  FL 34748

	
Owned

	
2314

	
01/28/1999

	
Marion

	
10143 SE SUNSET HARBOR RD

	
SUMMERFIELD,  FL 34491

	
Owned

	
2321

	
01/28/1999

	
Marion

	
13002 NE JACKSONVILLE ROA

	
SPARR,  FL 32192

	
Owned

	
2322

	
01/28/1999

	
Marion

	
15877 E HWY 40

	
SILVER SPRINGS,  FL 34488

	
Owned

	
2326

	
01/28/1999

	
Marion

	
12475 NW GAINESVILLE RD

	
LOWELL,  FL 32663

	
Owned

	
2328

	
01/28/1999

	
Marion

	
1940 SE 58TH AVENUE

	
OCALA,  FL 34471

	
Owned

	
2329

	
01/28/1999

	
Putnam

	
902 SR 20

	
INTERLACHEN,  FL 32148

	
Owned

	
2332

	
01/28/1999

	
Lake

	
10030 CR 44

	
LEESBURG,  FL 34788

	
Owned

	
2334

	
01/28/1999

	
Orange

	
4914 ROCK SPRINGS ROAD

	
APOPKA,  FL 32712

	
Owned

	
2403

	
01/28/1999

	
Lake

	
23932 SR46 (SORRENTO AVE)

	
SORRENTO,  FL 32776

	
Owned

	
2404

	
01/28/1999

	
Orange

	
1252 S. APOPKA BLVD

	
APOPKA,  FL 32703

	
Owned

	
2405

	
01/28/1999

	
Marion

	
225 NE 28TH AVE

	
OCALA,  FL 34471

  

  

  

	  	
Store Property Type and Address

	
Page 5

	
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*

	
Time - 10:45:18

	
*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
2406

	
01/28/1999

	
Seminole

	
4181 ORANGE BLVD

	
LAKE MONROE,  FL 32747

	
Owned

	
2408

	
01/28/1999

	
Volusia

	
3930 SR 44

	
NEW SMYRNA BEACH,  FL 3216

	
Owned

	
2416

	
01/28/1999

	
Alachua

	
6905 NE HWY 301

	
HAWTHORNE,  FL 32640

	
Owned

	
2419

	
01/28/1999

	
Volusia

	
446 S LAKEVIEW DRIVE

	
LAKE HELEN,  FL 32744

	
Owned

	
2426

	
01/28/1999

	
Putnam

	
519 N.  SUMMIT STREET

	
CRESCENT CITY,  FL 32112

	
Owned

	
2430

	
01/28/1999

	
Volusia

	
905 S SPRING GARDEN AVE

	
DELAND,  FL 32720

	
Owned

	
2483

	
01/28/1999

	
Seminole

	
905 SR 434

	
ALTAMONTE SPRINGS,  FL 327

	
Owned

	
2502

	
01/28/1999

	
Seminole

	
1000 LOCWOOD BLVD

	
OVIEDO,  FL 32765

	
Owned

	
2503

	
01/28/1999

	
Lake

	
2101 SR 19

	
TAVARES,  FL 32778

	
Owned

	
2504

	
01/28/1999

	
Orange

	
10001 LAKE UNDERHILL DR

	
ORLANDO,  FL 32825

	
Owned

	
2505

	
01/28/1999

	
Volusia

	
399 S US 17/92

	
DEBARY,  FL 32713

	
Owned

	
2548

	
01/28/1999

	
Bradford

	
11735 SW SR 231

	
BROOKER, FL 32622

	
Owned

	
2574

	
01/28/1999

	
Volusia

	
1520 SR 40

	
ORMOND BEACH,  FL 32174

	
Owned

	
2575

	
01/28/1999

	
Lake

	
100 MILLER STREET

	
FRUITLAND PARK,  FL 34731

	
Owned

	
2576

	
01/28/1999

	
St. Johns

	
1115 A1A BEACH BLVD

	
ST AUGUSTINE BEACH,  FL 32

	
Owned

	
2655

	
01/28/1999

	
Seminole

	
135 E.  SR 46

	
GENEVA,  FL 32732

	
Owned

	
2777

	
01/28/1999

	
Putnam

	
1777 HIGHWAY 17S

	
POMONA PARK,  FL 32181

	
Owned

	
2798

	
01/28/1999

	
Lake

	
2999 W. MAIN STREET

	
LEESBURG,  FL 34748

	
Owned

	
2800

	
01/28/1999

	
Lake

	
8049 SR 48

	
YALAHA,  FL 34797

	
Owned

	
2802

	
01/28/1999

	
Putnam

	
2803 SILVER LAKE DRIVE

	
PALATKA,  FL 32177

	
Owned

	
2804

	
01/28/1999

	
Lake

	
391 N.  CENTRAL AVENUE

	
UMATILLA,  FL 32784

	
Owned

	
2805

	
01/28/1999

	
Orange

	
400 FRANKLIN STREET

	
OCOEE, FL 34761

	
Owned

	
2806

	
01/28/1999

	
Volusia

	
320 N. SR 415

	
OSTEEN,  FL 32764

	
Owned

	
2904

	
01/28/1999

	
Volusia

	
2095 E.  NEW YORK AVENUE

	
DELAND,  FL 32724

	
Owned

	
2908

	
01/28/1999

	
Marion

	
8664 SW 103RD STREET RD

	
OCALA,  FL 34481

	
Owned

	
2910

	
01/28/1999

	
Volusia

	
601 BEVILLE ROAD

	
S. DAYTONA,  FL 32119

	
Owned

	
3012

	
07/02/1998

	
CUMBERLAND

	
901 MCARTHUR ROAD

	
FAYETTEVILLE,  NC 28306

	
Owned

	
3255

	
07/22/1999

	
Richmond

	
3477 WRIGHTSBORO RD

	
AUGUSTA, GA 30909

	
Owned

	
3260

	
07/22/1999

	
LEXINGTON

	
1900 BUSH RIVER ROAD

	
COLUMBIA,  SC 29210

	
Owned

	
3265

	
07/22/1999

	
Columbia

	
440 SOUTH BELAIR RD

	
AUGUSTA, GA 30909

	
Owned

	
3291

	
07/22/1999

	
SPARTANBURG

	
2204 CHESNEE HWY

	
SPARTANBURG, SC 29303

	
Owned

	
3295

	
07/22/1999

	
CHEROKEE

	
862 WINDSLOW AVE

	
GAFFNEY, SC 29341

	
Owned

	
3313

	
11/11/1999

	
Habersham

	
3951 STATE HWY 365

	
ALTO, GA 30510

	
Owned

	
3340

	
11/11/1999

	
White

	
78 S.  MAIN STREET

	
CLEVELAND,  GA 30528

	
Owned

	
3406

	
06/29/2000

	
CHEROKEE

	
100 SHELBY HWY

	
GAFFNEY, SC 29340

	
Owned

	
3451

	
12/21/2000

	
QUACHITA

	
4320 DESIARD

	
MONROE,  LA 71201

	
Owned

	
3493

	
10/16/2003

	
HAMILTON

	
3200 REDDING ROAD

	
RED BANK, TN 37415

	
Owned

	
3507

	
10/16/2003

	
Walker

	
118 KAY CONLEY ROAD

	
ROCK SPRINGS,  GA 30739

	
Owned

	
3509

	
10/16/2003

	
Walker

	
728 PARK CITY RD.

	
ROSSVILLE, GA 30741

	
Owned

	
3520

	
10/16/2003

	
Chattooga

	
11134 HWY. 27

	
SUMMERVILLE,  GA 30747

	
Owned

	
3522

	
10/16/2003

	
Floyd

	
3129 MAPLE STREET

	
LINDALE,  GA 30147

	
Owned

	
3525

	
10/16/2003

	
Whitfield

	
201 CARBONDALE RD.  SW

	
DALTON, GA 30720

	
Owned

	
3530

	
10/16/2003

	
Whitfield

	
1321 DUG GAP ROAD

	
DALTON,  GA 30720

	
Owned

	
3534

	
10/16/2003

	
Walker

	
1111 NORTH MAIN ST.

	
LAFAYETTE,  GA 30728

	
Owned

	
3572

	
10/16/2003

	
HAMILTON

	
4858 HWY.  58

	
CHATTANOOGA, TN 37416

	
Owned

	
3591

	
10/16/2003

	
MARION

	
1200 SOUTH CEDAR

	
SOUTH PITTSBURG, TN 37380

	
Owned

	
3600

	
10/16/2003

	
MCMINN

	
230 TENNESSEE AVE.

	
ETOWAH, TN 37331

	
Owned

	
3603

	
10/16/2003

	
BRADLEY

	
1700 HARRISON PIKE

	
CLEVELAND, TN 37311

	
Owned

	
3633

	
12/16/2004

	
WAKE

	
2105 TEN TEN ROAD

	
APEX, NC 27539

	
Owned

	
3697

	
08/18/2005

	
Cheasapeake

	
1001 GEORGE WASHINGTON

	
CHESAPEAKE,  VA 23323

	
Owned

	
3699

	
08/18/2005

	
Suffolk

	
1125 WILROY RD.

	
SUFFOLK, VA 23434

	
Owned

	
3701

	
08/18/2005

	
Suffolk

	
819 W. WASHINGTON ST.

	
SUFFOLK, VA 23434

  

  

  

	  	
Store Property Type and Address

	
Page 6

	
Prog - STR005R

	
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Date - 4/19/2007

	
*

	
Time - 10:45:18

	
*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
3704

	
08/18/2005

	
York

	
115 OTTIS ST.

	
YORKTOWN, VA 23693

	
Owned

	
3705

	
08/18/2005

	
WYTHE

	
2622 E LEE HWY

	
WYTHEVILLE, VA 24382

	
Owned

	
3706

	
08/18/2005

	
WYTHE

	
1020 PEPPERS FERRY RD.

	
WYTHEVILLE, VA 24382

	
Owned

	
3710

	
08/18/2005

	
WYTHE

	
1682 LEAD MINE RD.

	
AUSTINVILLE, VA 24312

	
Owned

	
3711

	
08/18/2005

	
Pulaski

	
5149 STATE PARK RD.

	
DUBLIN, VA 24084

	
Owned

	
3719

	
08/18/2005

	
Henry

	
1560 VIRGINIA AVE.

	
MARTINSVILLE, VA 24112

	
Owned

	
3735

	
10/20/2005

	
SPARTANBURG

	
1706 BOILING SPRINGS RD

	
SPARTANBURG, SC 29301

	
Owned

	
3800

	
05/11/2006

	  	
821 GREEN SPRINGS HWY.

	
HOMEWOOD, AL 35209

	
Owned

	
3803

	
05/11/2006

	  	
6408 OLD SPRINGVILLE RD.

	
PINSON, AL 35126

	
Owned

	
3804

	
05/11/2006

	  	
301 ROBERT JEMISON RD.

	
BIRMINGHAM, AL 35209

	
Owned

	
3807

	
05/11/2006

	
Shelby

	
2112 BUTLER RD.

	
ALABASTER, AL 35007

	
Owned

	
3812

	
05/11/2006

	  	
232 ROEBUCK PLAZA DR.

	
BIRMINGHAM, AL 35206

	
Owned

	
3814

	
05/11/2006

	  	
2803 PINSON VALLEY PARKWA

	
BIRMINGHAM, AL 35217

	
Owned

	
3815

	
05/11/2006

	  	
7994 HELENA ROAD

	
PELHAM,  AL 35124

	
Owned

	
3816

	
05/11/2006

	
Shelby

	
1107A TOWNHOUSE RD.

	
HELENA, AL 35080

	
Owned

	
3818

	
05/11/2006

	  	
1685 MONTCLAIR RD.

	
BIRMINGHAM,  AL 35210

	
Owned

	
3820

	
05/11/2006

	  	
7701 1ST AVE.  NORTH

	
BIRMINGHAM,  AL 35206

	
Owned

	
3822

	
05/11/2006

	  	
830 9TH AVE. NORTH

	
BESSEMER,  AL 35010

	
Owned

	
3826

	
05/11/2006

	  	
1139 MARTIN LUTHER KING E

	
ANDALUSIA,  AL 36420

	
Owned

	
3828

	
05/11/2006

	  	
9401 PARKWAY EAST

	
BIRMINGHAM,  AL 35215

	
Owned

	
3829

	
05/11/2006

	  	
4970 MONTGOMERY HWY

	
DOTHAN,  AL 36303

	
Owned

	
3830

	
05/11/2006

	  	
716 SOUTH MEMORIAL DR.

	
PRATTVILLE,  AL 36067

	
Owned

	
3833

	
05/11/2006

	  	
998 ACADEMY DR.

	
BESSEMER,  AL 35022

	
Owned

	
3834

	
05/11/2006

	  	
603 BESSEMER RD.

	
MIDFIELD, AL 35228

	
Owned

	
3836

	
05/11/2006

	  	
1050 SOUTH MAIN ST

	
GRAYSVILLE, AL 35073

	
Owned

	
3840

	
08/10/2006

	
MOORE

	
170 BEVERLY LANE

	
SOUTHERN PINES, NC 28387

	
Owned

	
3936

	
04/05/2007

	
MECKLENBURG

	
2701 GRAHAM STREET

	
CHARLOTTE,  NC 28269

	
Owned

	
3937

	
04/05/2007

	
MECKLENBURG

	
2301 BEATIES FORD ROAD

	
CHARLOTTE, NC 28216

	
Owned

	
3942

	
04/05/2007

	
MECKLENBURG

	
100 S.  POLK STREET

	
PINEVILLE,  NC 28134

	
Owned

	
3959

	
04/05/2007

	
CHEROKEE

	
1711 FLOYD BAKER BLVD.

	
GAFFNEY, SC 29341

	
Owned

	
3983

	
04/05/2007

	
UNION

	
1692 W.  FRANKLIN ST.

	
MONROE,  NC 28112

	
Owned

	
3986

	
04/05/2007

	
UNION

	
2226 LANCASTER AVE.

	
MONROE, NC 28112

	
Owned

	
6009

	
04/14/1983

	
Putnam

	
400 SR 26

	
MELROSE,  FL 32666

	
Owned

	
6019

	
09/28/1983

	
Clay

	
2000 STATE ROAD 16W

	
GREEN COVE SPRINGS,  FL 32

	
Owned

	
6020

	
08/29/1971

	
Nassau

	
1015 ATLANTIC BLVD

	
FERNANDINA BEACH,  FL 3203

	
Owned

	
6034

	
04/14/1973

	
Clay

	
102 SUZANNE AVE

	
ORANGE PARK,  FL 32073

	
Owned

	
6038

	
04/23/1985

	
Duval

	
7992 NORMANDY BLVD

	
JACKSONVILLE,  FL 32221

	
Owned

	
6039

	
08/11/1983

	
Duval

	
4024 SOUTHSIDE BLVD

	
JACKSONVILLE,  FL 32216

	
Owned

	
6042

	
06/22/1973

	
Clay

	
2584 SR 220

	
DOCTORS INLET,  FL 32030

	
Owned

	
6051

	
10/10/1985

	
Bradford

	
2652 S E STATE RD 21

	
MELROSE,  FL 32666

	
Owned

	
6058

	
05/14/1975

	
Alachua

	
5420 W SR 235 (P.O. BOX 2

	
LACROSSE,  FL 32658

	
Owned

	
6059

	
07/03/1975

	
Alachua

	
1516 SE 4TH ST

	
GAINESVILLE,  FL 32641

	
Owned

	
6070

	
06/24/1976

	
Marion

	
16991 EAST HIGHWAY 40

	
SILVER SPRINGS,  FL 34488

	
Owned

	
6073

	
10/21/1976

	
Duval

	
8181 103RD ST

	
JACKSONVILLE,  FL 32210

	
Owned

	
6079

	
07/14/1977

	
Lake

	
24421 SR 40/BOX 336

	
ASTOR,  FL 32102

	
Owned

	
6081

	
07/22/1977

	
Volusia

	
4622 S CLYDE MORRIS BLVD

	
PORT ORANGE,  FL 32119

	
Owned

	
6082

	
08/12/1977

	
Volusia

	
1379 BEVILLE RD

	
DAYTONA BEACH,  FL 32119

	
Owned

	
6084

	
01/20/1978

	
St. Johns

	
1790 SR 13

	
JACKSONVILLE,  FL 32259

	
Owned

	
6094

	
03/23/1978

	
Brevard

	
3164 MAIN ST, W

	
MIMS,  FL 32754

	
Owned

	
6109

	
10/12/1978

	
Nassau

	
540251 US HIGHWAY 1

	
CALLAHAN,  FL 32011

	
Owned

	
6116

	
12/19/1978

	
Duval

	
13434 OLD ST AUGUSTINE RD

	
JACKSONVILLE,  FL 32258

	
Owned

	
6118

	
08/04/1981

	
St. Johns

	
2800 US 1, S

	
ST AUGUSTINE,  FL 32086

  

  

  

	  	
Store Property Type and Address

	
Page 7

	
Prog - STR005R

	
*

	
Date - 4/19/2007

	
*

	
Time - 10:45:18

	
*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
6120

	
09/13/1979

	
Pasco

	
15434 HWY 19,  N

	
HUDSON,  FL 34667

	
Owned

	
6128

	
04/10/1980

	
Brevard

	
6155 N COURTENAY

	
MERRITT ISLAND,  FL 32953

	
Owned

	
6130

	
01/31/1980

	
Duval

	
8838 ATLANTIC BLVD

	
JACKSONVILLE,  FL 32211

	
Owned

	
6131

	
03/06/1980

	
Brevard

	
4001 N WICKHAM RD

	
MELBOURNE,  FL 32935

	
Owned

	
6145

	
01/13/1982

	
Brevard

	
7175 HWY 1 N

	
COCOA,  FL 32927

	
Owned

	
6149

	
06/10/1982

	
Brevard

	
701 S PARK AVENUE

	
TITUSVILLE,  FL 32780

	
Owned

	
6150

	
05/05/1982

	
Volusia

	
2460 OCEAN SHORE BLVD

	
ORMOND BEACH,  FL 32176

	
Owned

	
6152

	
05/19/1982

	
Duval

	
1092 S MCDUFF AVENUE

	
JACKSONVILLE,  FL 32205

	
Owned

	
6155

	
11/18/1982

	
Orange

	
4252 S ORANGE BLOSSOM TR

	
ORLANDO,  FL 32839

	
Owned

	
6156

	
01/05/1983

	
Brevard

	
3990 LAKE DRIVE

	
COCOA,  FL 32926

	
Owned

	
6157

	
01/20/1983

	
Orange

	
808 S PARK AVENUE

	
APOPKA,  FL 32703

	
Owned

	
6158

	
01/27/1983

	
Nassau

	
1403 LEWIS STREET

	
FERNANDINA BEACH,  FL 3203

	
Owned

	
6159

	
01/13/1983

	
Duval

	
8804 LONE STAR RD

	
JACKSONVILLE,  FL 32211

	
Owned

	
6160

	
03/09/1983

	
Duval

	
1310 S 3RD ST

	
JACKSONVILLE BEACH,  FL 32

	
Owned

	
6161

	
03/17/1983

	
Alachua

	
45 SW 250TH ST

	
NEWBERRY,  FL 32669

	
Owned

	
6163

	
08/10/1983

	
Duval

	
1001 N LANE AVENUE

	
JACKSONVILLE,  FL 32254

	
Owned

	
6165

	
05/04/1983

	
Orange

	
11205 S ORG BLOSSOM TR

	
ORLANDO,  FL 32837

	
Owned

	
6167

	
09/18/1983

	
Volusia

	
1150 OCEAN SHORE BLVD

	
ORMOND BEACH,  FL 32176

	
Owned

	
6168

	
10/13/1983

	
Volusia

	
2625 BEVILLE RD

	
DAYTONA BEACH,  FL 32119

	
Owned

	
6169

	
01/04/1984

	
Duval

	
14376 BEACH BLVD

	
JACKSONVILLE, FL 32224

	
Owned

	
6175

	
05/12/1983

	
Baker

	
584 SIXTH ST

	
MACCLENNY,  FL 32063

	
Owned

	
6183

	
11/10/1983

	
Citrus

	
743 HIGHWAY 41 SOUTH

	
INVERNESS,  FL 34450

	
Owned

	
6195

	
11/29/1984

	
Pasco

	
6226 ROWAN RD

	
NEW PORT RICHEY,  FL 34653

	
Owned

	
6210

	
03/07/1985

	
Brevard

	
1060 EMERSON DR NE

	
PALM BAY,  FL 32907

	
Owned

	
6229

	
12/19/1985

	
Brevard

	
2595 EMERSON DRIVE

	
PALM BAY,  FL 32909

	
Owned

	
6236

	
08/07/1985

	
Duval

	
1209 MONUMENT RD

	
JACKSONVILLE,  FL 32225

	
Owned

	
6249

	
05/01/1985

	
St. Johns

	
70 MASTERS DRIVE

	
ST AUGUSTINE,  FL 32095

	
Owned

	
6262

	
07/17/1985

	
Nassau

	
3331 S FLETCHER AVE

	
FERNANDINA BEACH,  FL 3203

	
Owned

	
6267

	
11/07/1985

	
Clay

	
338 COLLEGE DR

	
ORANGE PARK,  FL 32065

	
Owned

	
6271

	
05/08/1986

	
Duval

	
4815 SAN PABLO RD

	
JACKSONVILLE,  FL 32224

	
Owned

	
6272

	
01/22/1986

	
Putnam

	
543 SOUTH HWY 17

	
SAN MATEO,  FL 32187

	
Owned

	
6273

	
02/13/1986

	
Duval

	
1839 8TH ST,  E

	
JACKSONVILLE,  FL 32206

	
Owned

	
6274

	
06/04/1986

	
Levy

	
4 HIGHWAY 19 SOUTH

	
INGLIS,  FL 34449

	
Owned

	
6279

	
03/13/1987

	
Citrus

	
6296 W GULF TO LAKE HWY

	
CRYSTAL RIVER,  FL 34429

	
Owned

	
6282

	
04/23/1987

	
Seminole

	
495 PEARL LAKE CAUSEWAY

	
ALTAMONTE SPRINGS,  FL 327

	
Owned

	
6283

	
09/11/1986

	
Pasco

	
6618 EMBASSY BLVD

	
PORT RICHEY,  FL 34668

	
Owned

	
6284

	
05/15/1986

	
Nassau

	
1484 NASSAUVILLE RD

	
FERNANDINA BEACH,  FL 3203

	
Owned

	
6285

	
10/09/1986

	
Duval

	
2615 ST JOHNS BLUFF S

	
JACKSONVILLE,  FL 32246

	
Owned

	
6286

	
06/06/1986

	
Clay

	
4486 CR 218, W

	
MIDDLEBURG, FL 32068

	
Owned

	
6288

	
03/05/1987

	
Hernando

	
999 NORTH BROAD STREET

	
BROOKSVILLE,  FL 34601

	
Owned

	
6289

	
05/13/1987

	
Putnam

	
744 S HWY 17

	
SATSUMA,  FL 32189

	
Owned

	
6290

	
08/15/1986

	
Clay

	
3128 BLANDING BLVD

	
MIDDLEBURG,  FL 32068

	
Owned

	
6294

	
11/14/1986

	
Orange

	
1515 WURST RD

	
OCOEE,  FL 34761

	
Owned

	
6295

	
01/16/1987

	
Clay

	
1091 BLANDING BLVD

	
ORANGE PARK,  FL 32065

	
Owned

	
6296

	
01/28/1987

	
Duval

	
636 S MCDUFF AVE

	
JACKSONVILLE,  FL 32205

	
Owned

	
6298

	
01/23/1987

	
Lake

	
451 W MYERS

	
MASCOTTE,  FL 34753

	
Owned

	
6504

	
10/23/1986

	
Volusia

	
807 INDIAN RIVER BLVD

	
EDGEWATER,  FL 32132

	
Owned

	
6510

	
06/10/1987

	
Clay

	
486 BLANDING BLVD

	
ORANGE PARK,  FL 32073

	
Owned

	
6511

	
07/01/1987

	
Volusia

	
799 BILL FRANCE DRIVE

	
DAYTONA BEACH,  FL 32114

	
Owned

	
6512

	
09/25/1987

	
Hernando

	
13075 SPRINGHILL DRIVE

	
SPRING HILL,  FL 34609

	
Owned

	
6513

	
09/11/1987

	
Brevard

	
900 MALABAR ROAD,  SW

	
PALM BAY,  FL 32907

	
Owned

	
6516

	
03/10/1988

	
Pasco

	
13705 HWY 19

	
HUDSON,  FL 34667

  

  

  

	  	
Store Property Type and Address

	
Page 8

	
Prog - STR005R

	
*

	
Date - 4/19/2007

	
*

	
Time - 10:45:18

	
*

********************

	
Property

Type

	
Store

	
Open

Date

	
County

	
Address

Line 1

	
City/State/zip

	 	 	 	 	 	 
	
Owned

	
6517

	
09/18/1987

	
Duval

	
3051 MONUMENT RD

	
JACKSONVILLE, FL 32225

	
Owned

	
6518

	
02/18/1988

	
Duval

	
8735 N KINGS RD

	
JACKSONVILLE, FL 32219

	
Owned

	
6519

	
12/16/1987

	
Clay

	
804 BLANDING BLVD

	
ORANGE PARK, FL 32065

	
Owned

	
6524

	
01/19/1989

	
Manion

	
3873 SW COLLEGE RD

	
OCALA, FL 34474

	
Owned

	
6527

	
05/31/1989

	
Alachua

	
9404 NW 39TH AVENUE

	
GAINESVILLE,  FL 32606

	
Owned

	
6528

	
11/09/1989

	
Brevard

	
748 PALM BAY RD, NE

	
PALM BAY, FL 32905

	
Owned

	
6532

	
02/22/1989

	
Orange

	
9988 S ORANGE AVE

	
ORLANDO, FL 32824

	
Owned

	
6534

	
03/01/1989

	
Duval

	
4856 PARK STREET

	
JACKSONVILLE, FL 32205

	
Owned

	
6535

	
09/30/1988

	
Alachua

	
2152 NW 39TH AVE

	
GAINESVILLE, FL 32605

	
Owned

	
6537

	
03/25/1991

	
Putnam

	
720 S STATE ROAD 19 (HWY

	
PALATKA, FL 32177

	
Owned

	
6542

	
01/17/1991

	
Brevard

	
3088 HARBOR CITY BLVD N

	
MELBOURNE, FL 32935

	
Owned

	
6548

	
11/20/1991

	
Clay

	
695 KINGSLEY AVE

	
ORANGE PARK, FL 32073

	
Owned

	
6549

	
01/30/1992

	
Brevard

	
2200 S FISKE BOULEVARD

	
ROCKLEDGE, FL 32955

  

  

  

Schedule 6.1

INDEBTEDNESS

	
Description

	
Issuer

	
Payee

	 	
Final Payment Date

	 	 	
Balance

	 
	  	  	  	 	 	 	 	
(in '000's)

	 
	  	  	  	 	 	 	 	 	 
	
7.75% Senior Subordinated Notes

	
The Pantry, Inc.

	
Various

	 	2/14	 	 	 	250,000	 
	  	  	  	 	 	 	 	 	 	 
	
3.00% Senior Subordinate Convertible Notes

	
The Pantry, Inc.

	
Various

	 	11/12	 	 	 	150,000	 
	  	  	  	 	 	 	 	 	 	 
	
Lease Finance Obligations

	
The Pantry, Inc.

	
Various

	 	10/53	 	 	 	410,059	 
	  	  	  	 	 	 	 	 	 	 
	
Note Payable re: Lease Termination

	
The Pantry, Inc.

	
Kenneth F. McDonald Properties LLC

	 	7/13	 	 	 	306	 
	  	  	  	 	 	 	 	 	 	 
	
Lease liability re: Acquisitions

	
The Pantry, Inc.

	
Various

	 	2/21	 	 	 	8,221	 
	  	  	  	 	 	 	 	 	 	 
	  	  	  	 	 	 	 	 	818,586	 

Note: The lease liability from acquisitions relates to a liability recorded in conjunction with acquisitions. This liability represents the present value of the lease payments that is considered to be above market at the time of acquisition (i.e. purchase price was included in the leases).

 

  

  

  

 

Schedule 6.2

LIENS

 

	
Debtor

	
Secured Party

	
Collateral

	
Search Through Date

	
State

	
Jurisdiction

	
Original File Date and Number

	
Related Filings

	
KANGAROO, INC.

	
 

3 Financing Statements

 

	
4/12/2007

	
GA

	
Superior Court Clerk Central Index

	  	  
	
KANGAROO, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/12/2007

	
GA

	
Superior Court Clerk Central Index

	
4/22/2003

#60200305188

	  
	
KANGAROO, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/12/2007

	
GA

	
Superior Court Clerk Central Index

	
3/15/2004

#60200403366

	  
	
KANGAROO, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/12/2007

	
GA

	
Superior Court Clerk Central Index

	
12/30/2005

#60200516037

	  
	
R. & H. MAXXON, INC.

	
 

5 Financing Statements

 

	
4/12/2007

	
SC

	
Secretary of State

	  	  

  

  

  

	
Debtor

	
Secured Party

	
Collateral

	
Search Through Date

	
State

	
Jurisdiction

	
Original File Date and Number

	
Related Filings

	
R. & H. MAXXON, INC.

	
First Union National Bank, as Administrative Agent

	
Blanket Lien

	
4/23/2007

	
SC

	
Secretary of State

	
6/12/2002

#020612-1113135

	  
	
R. & H. MAXXON, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/23/2007

	
SC

	
Secretary of State

	
4/21/2003

#030421-1418417

	  
	
R. & H. MAXXON, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/23/2007

	
SC

	
Secretary of State

	
5/5/2003

#030505-1147294

	  
	
R. & H. MAXXON, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/23/2007

	
SC

	
Secretary of State

	
3/15/2004

#040315-1157253

	  
	
R. & H. MAXXON, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/23/2007

	
SC

	
Secretary of State

	
12/30/2005

#051230-1606156

	  
	
THE PANTRY, INC.

	
29 Financing Statements

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	  	  

  

  

  

	
Debtor

	
Secured Party

	
Collateral

	
Search Through Date

	
State

	
Jurisdiction

	
Original File Date and Number

	
Related Filings

	
THE PANTRY, INC.

	
Wachovia Bank, National Association f/k/a First Union National Bank

	
Blanket Lien

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
11/4/1997

#9737497

	
Continuation 07/03/02

	
THE PANTRY, INC.

	
Voicestream Wireless Corp

	
All inventory and equipment.

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
5/20/2002

#21473507

	  
	
THE PANTRY, INC.

	
NCR Corporation

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
7/11/2002

#21914781

	  
	
THE PANTRY, INC.

	
Diamond Lease U.S.A., Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
7/23/2002

#21975915

	
Amendment 04/07/05; Amendment 09/23/05; Continuation 01/24/07

	
THE PANTRY, INC.

	
GreatAmerica Leasing Corporation

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
9/30/2002

#22525727

	  
	
THE PANTRY, INC.

	
GreatAmerica Leasing Corporation

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
2/3/2003

#30296338

	  

  

  

  

	
Debtor

	
Secured Party

	
Collateral

	
Search Through Date

	
State

	
Jurisdiction

	
Original File Date and Number

	
Related Filings

	
THE PANTRY, INC.

	
Xerox Capital Services LLC

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
2/6/2003

#30331481

	  
	
THE PANTRY, INC.

	
Wachovia Bank, National Association, as Collateral Agent

	
Blanket Lien

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
4/17/2003

#31002503

	  
	
THE PANTRY, INC.

	
IBM Credit LLC

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
4/28/2003

#31090110

	  
	
THE PANTRY, INC.

	
Alliance Bank, N.A.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
4/24/2003

#31202749

	  
	
THE PANTRY, INC.

	
GreatAmerica Leasing Corporation

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
5/15/2003

#31252769

	  
	
THE PANTRY, INC.

	
LEAF Funding, Inc., its successors and assigns

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
5/16/2003

#31258683

	  

  

  

  

	
Debtor

	
Secured Party

	
Collateral

	
Search Through Date

	
State

	
Jurisdiction

	
Original File Date and Number

	
Related Filings

	
THE PANTRY, INC.

	
LEAF Funding Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
6/19/2003

#31860736

	  
	
THE PANTRY, INC.

	
LEAF Financial Corporation

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
7/14/2003

#32004177

	  
	
THE PANTRY, INC.

	
De Lage Landen Financial Services, Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
7/17/2003

#32037821

	  
	
THE PANTRY, INC.

	
Wachovia Bank, National Association, as Administrative Agent

	
Blanket Lien

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
3/12/2004

#40710113

	  
	
THE PANTRY, INC.

	
FNF Capital, Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
9/2/2004

#42550129

	  
	
THE PANTRY, INC.

	
ATC Group Services Inc.; ATC Associates Inc.; ATC Associates of North Carolina, P.C.

	
Specific reimbursement claims for remediation work that secure payment for remediation work performed by secured party.

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
12/9/2004

#43471218

	  

  

  

  

	
Debtor

	
Secured Party

	
Collateral

	
Search Through Date

	
State

	
Jurisdiction

	
Original File Date and Number

	
Related Filings

	
THE PANTRY, INC.

	
U.S. Bancorp Equipment Finance, Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
1/6/2005

#50069550

	  
	
THE PANTRY, INC.

	
FNF Capital, Inc.; U.S. Bancorp Equipment Finance, Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
1/6/2005

#50119843

	
Assignment 04/13/05

	
THE PANTRY, INC.

	
U.S. Bancorp Equipment Finance, Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
3/29/2005

#51068767

	
Assignment 04/13/05

	
THE PANTRY, INC.

	
Wachovia Bank, National Association, as Administrative Agent

	
Blanket Lien

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
12/29/2005

#54054822

	  
	
THE PANTRY, INC.

	
FNF Capital, Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
1/5/2006

#60135467

	  
	
THE PANTRY, INC.

	
IBM Credit LLC

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
5/1/2006

#61448349

	  

  

  

  

	
Debtor

	
Secured Party

	
Collateral

	
Search Through Date

	
State

	
Jurisdiction

	
Original File Date and Number

	
Related Filings

	
THE PANTRY, INC.

	
TCF Equipment Finance, Inc.

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
10/4/2006

#63702644

	  
	
THE PANTRY, INC.

	
FNF Capital, LLC

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
1/26/2007

#20070337542

	  
	
THE PANTRY, INC.

	
Hargett Enterprises, Inc. d/b/a Interstate Automated Scale Systems

	
Specific Equipment, including any such that may be deemed to become fixtures, located at 2306 Highway 231 South, Ozark, AL 36360.

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
2/22/2007

#20070705961

	  
	
THE PANTRY, INC.

	
Hargett Enterprises, Inc. d/b/a Interstate Automated Scale Systems

	
Specific Equipment, including any such that may be deemed to become fixtures, located at 1800 Dothan Road, Bainbridge, GA 39817.

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
3/8/2007

#20070932193

	  
	
THE PANTRY, INC.

	
IBM Credit LLC

	
Specific Equipment

	
4/9/2007

	
DE

	
Department of State: Division Of Corporations

	
4/2/2007

#20071215473

	  

  

  

  

Schedule 6.3

INVESTMENTS

None.

  

  

  

Schedule 6.4

CONTINGENT OBLIGATIONS

 

	
The Company has assigned the following leases:

	  	  	  
	
Location

	  	
Lease Assigned to

	
Pantry #582; St. Matthews, SC

	  	
Boxley Enterprises, Inc.; Termination of Lease Liability effective 1/13/06.

	
Pantry #4036; Gainesville, GA

	  	
Ranajung Sahni; Not an assignment � it is a sublease.

	
Pantry # K-72; Hiram, GA

	  	
Hollis Petroleum, LLC; Expires 12/23/07; attempting early termination.

	
Pantry #2817; Orlando, FL

	  	
Boxley Enterprises, Inc.; current term to expire on 10/31/07.

	
Pantry #1153; Jacksonville, FL

	  	
Main Street Quick Stop; Pantry�s obligation ends 11/30/07.

 

 

[Schedule Continues]

  

  

  

 

Report Selection Criteria

Bond Liability Report

	
Client

	  	
The Pantry, Inc.

	
I Issue Dale Range

	  	  
	
Surely Company Name

	  	  
	
Principal Name

	  	  
	
Currency Obligee Name

	  	
US Dollar

	
Obligee Country

	  	  
	
Bond LifeCycle List

	  	
ACTIVE

	
Bond Package LifeCycle

	  	
CURRENT EFFECTIVE

	
Bond Status List

	  	  
	
Bond Category List

	  	  
	
Bond Subcategory List

	  	  
	
Bond Type

	  	  
	
Group By

	  	
Client Profile

	
Period Term

	  	  
	
Period Starting Month

	  	  
	
SubTotal On Grouping

	  	
Yes

	
Page Break

	  	
No

	
Sort By

	  	  
	
Client Hierarchy

	  	
No

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07309016

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Tennessee, Town of Decatur

	
Liquor / Malt Beverage

	
500.00

	
100.00

	
11/21/2006

	
11/21/2007

	
K07309004

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City or Williston

	
Utility Payment-Store #1181, 1182

	
5,000.00

	
100.00

	
10/05/2006

	
10/05/2007

	
K07309053

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Central Georgia EMC

	
Utility Payment-Store #3331

	
8,000.00

	
160.00

	
11/02/2006

	
11/02/2007

	
K07309041

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
US Department of Agriculture

	
Other Financial Guarantee-Food Stamp Program - Store #220

	
2,000.00

	
100.00

	
11/24/2006

	
11/24/2007

	
K0730903A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Water, Light & Gas

	
Utility Payment

	
3,300.00

	
100.00

	
11/11/2006

	
11/11/2007

	
K07309065

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
US Department of Agriculture

	
Other Financial Guarantee-Food Stamp Program - Store #278

	
1,000.00

	
100.00

	
11/13/2006

	
11/13/2007

	
K07268701

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
The Georgia Power Company

	
Utility Payment

	
35,000.00

	
700.00

	
07/20/2006

	
07/20/2007

	
K07186502

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of North Carolina Secretary of Revenue

	
Fuel Tax

	
500,000.00

	
10,000.00

	
05/11/2006

	
05/11/2007

	
K07308802

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Sweetwater Utilities Bond

	
Utility Payment-Store #3599, 3594, 3601

	
10,000.00

	
200.00

	
10/15/2006

	
10/15/2007

	
K06831205

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Coast Electric Power Association

	
Utility Payment-Store #3466

	
4,000.00

	
100.00

	
12/14/2006

	
12/14/2007

	
K06831308

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Leesburg

	
Utility Payment-Store #1104, 2292, 2572, 2798

	
8,450.00

	
169.00

	
12/02/2006

	
12/02/2007

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 1 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07268609

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Pearl River Valley Electric Power Assoc.

	
Utility Payment

	
9,150.00

	
183.00.

	
06/21/2006

	
06/21/2007

	
K07268610

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florida Dept of Revenue

	
Fuel Tax

	
5,000.00

	
100.00

	
06/24/2006

	
06/24/2007

	
K07308711

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Electric Power Board of the Metropolitan Government of Nashville & Davidson County

	
Utility Payment

	
11,285.00

	
226.00

	
10/10/2006

	
10/10/2007

	
K07268713

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Orlando Utilities Commission

	
Utility Payment

	
2,050.00

	
100.00

	
07/09/2006

	
07/09/2007

	
K06831515

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Commonwealth of Virginia -Dept of Motor Vehicles

	
Fuel Tax

	
300,000.00

	
6,000.00

	
02/10/2007

	
02/10/2008

	
K06831382

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
US Department of Agriculture

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
01/27/2007

	
01/27/2008

	
K07308978

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Progress Energy Carolinas, Inc

	
Utility Payment

	
599,429.00

	
11,989.00

	
11/15/2006

	
11/15/2007

	
K07308929

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Commonwealth of Kentucky -Dept of Revenue

	
Fuel Tax

	
539,900.00

	
10,798.00

	
10/22/2006

	
10/22/2007

	
K06831217

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Public Coast Electric Power Association

	
Utility Payment-Store #3458

	
4,000.00

	
100.00

	
12/14/2006

	
12/14/2007

	
K07186319

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Florida Dept of Transportation

	
Other Financial Guarantee-Motor Carrier Fees

	
7,000.00

	
140.00

	
04/01/2007

	
04/01/2008

	
K07186320

	
Dantee Cooper, The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Santee Cooper

	
Utility Payment

	
114,000.00

	
2,280.00

	
04/13/2007

	
04/13/2008

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 2 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K06831321

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Green Cove Springs

	
Utility Payment

	
6,210.00

	
120.00

	
12/29/2006

	
12/29/2007

	
K07268622

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Mississippi State Tax Commission

	
Fuel Tax

	
250,000.00

	
5,000.00

	
07/03/2006

	
07/03/2007

	
KO7186423

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florida Dept of Revenue Central Registration-Fuel Unit

	
Fuel Tax

	
100,000.00

	
2,000.00

	
01/24/2007

	
01/24/2008

	
K07308723

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Cookeville Electric Dept.

	
Utility Payment

	
5,600.00

	
112.00

	
10/21/2006

	
10/21/2007

	
K0683128A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
IN Dept of Revenue Fuel Tax Section, Motor Vehicle Division

	
Fuel Tax

	
3,000.00

	
100.00

	
01/01/2007

	
01/01/2008

	
K07308826

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Cleveland Utilities

	
Utility Payment-Store #3535.3546,3568,3589,3592, 3593,3603,3628

	
27,000.00

	
540.00

	
10/15/2006

	
10/15/2007

	
K06831527

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Louisiana

	
Fuel Tax

	
10,000.00

	
200.00

	
12/07/2006

	
12/07/2007

	
K06831229

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
US Department of Agriculture

	
Other Financial Guarantee-Food Stamp Bond; Store #1227

	
1,000.00

	
100.00

	
12/17/2006

	
12/17/2007

	
K06831230

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
US Department of Agriculture

	
Other Financial Guarantee-#211 Rte 3, Keystone Heights, FL

	
1,000.00

	
100.00

	
12/21/2006

	
12/21/2007

	
K0683131A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Sumler Electric Cooperative, Inc.

	
Utility Payment

	
5,000.00

	
100.00

	
01/24/2007

	
01/24/2008

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 3 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07186332

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Cartersville

	
Utility Payment

	
19,400.00

	
388.00

	
04/06/2007

	
04/06/2008

	
K06831333

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Jacksonville Beach

	
Utility Payment

	
39,000.00

	
780.00

	
01/24/2007

	
01/24/2008

	
45017633

	
The Pantry, Inc.

	
Greenwich Insurance Company

	
Virginia Department of Transportation Maintenance Division Permits

	
Other Financial Guarantee

	
2,500.00

	
0.00

	
09/18/2004

	
09/18/2005

	
K07268634

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Broad River Electric Cooperative, Inc.

	
Utility Payment

	
5,006.00

	
100.00

	
06/23/2006

	
06/23/2007

	
K07308735

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Calhoun

	
Utility Payment-Store #3519

	
4,340.00

	
100.00

	
10/15/2006

	
10/15/2007

	
K07186137

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Houston County

	
Fuel Tax

	
10,000.00

	
200.00

	
03/17/2007

	
03/17/2008

	
K07308838

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Athens Utility Board

	
Utility Payment-Store #3548, 3598, 3606

	
1,235.00

	
100.00

	
10/15/2006

	
10/15/2007

	
K06831539

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of St. Cloud and/or St. Cloud Utilities

	
Utility Payment

	
3,000.00

	
100.00

	
02/10/2007

	
02/10/2008

	
K06831540

	
The Pantry, Inc.

	
Company

	
Tampa Electric Company

	
Utility Payment

	
12,000.00

	
240.00

	
02/10/2007

	
02/10/2008

	
K06831242

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Vicksburg

	
Utility Payment-Store #3443,3444,3445,3446,3447

	
5,600.00

	
112.0C

	
12/14/2006

	
12/14/2007

	
K07186642

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florence Utilities City of Florence

	
Utility Payment

	
4,525.00

	
100.00

	
05/03/2006

	
05/03/2007

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 4 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K06831345

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Withlacoochee River Electric Cooperative

	
Utility Payment

	
26,000.00

	
520.00

	
01/24/2007

	
01/24/2008

	
K07186149

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Lafayette

	
Utility Payment-Store #3534, 3510

	
5,150.00

	
103.00

	
10/15/2006

	
10/15/2007

	
K07186149

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
New Smyrna Beach Utility Commission

	
Utility Payment

	
9,000.00

	
180.00

	
02/28/2007

	
02/28/2008

	
K07308851

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Atmos Energy Corporation

	
Utility Payment

	
2,300.00

	
100.00

	
10/21/2006

	
10/21/2007

	
K06832453

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Alabama Dept of Revenue

	
Fuel Tax

	
1,400,000.00

	
28,000.00

	
10/21/2006

	
10/21/2007

	
K0718654A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Birmingham Water Works

	
Utility Payment

	
14,200.00

	
284.00

	
04/12/2007

	
04/12/2008

	
K06831254

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Public Service Commissioner of Yazoo County

	
Utility Payment

	
6,000.00

	
120.00

	
12/14/2006

	
12/14/2007

	
K07268555

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Rocky Mount

	
Utility Payment

	
32,400.00

	
648.00

	
06/23/2006

	
06/23/2007

	
K07186356

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Jefferson County

	
Fuel Tax

	
22,800.00

	
456.00

	
05/20/2006

	
05/20/2007

	
K06831357

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florida Power & Light Company

	
Utility Payment

	
433,420.00

	
8,668.00

	
01/06/2007

	
01/06/2008

	
K07308759

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Nashville Gas Company

	  	
770.00

	
100.00

	
10/15/2006

	
10/15/2007

	
K07186460

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florida Power Company

	
Utility Payment

	
154,000.00

	
3,080.00

	
04/29/2006

	
04/29/2007

	
K07308760

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Electric Power Board of Chattanooga

	
Utility Payment

	
191,450.00

	
3,829.00

	
10/10/2005

	
10/10/2006

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 5 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07308863

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Entergy Mississippi Inc

	
Utility Payment

	
264,120.00

	
5,282.00

	
10/21/2006

	
10/21/2007

	
K06832465

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Alabama, Petroleum Commodities Div., Dept. of Agriculture & Industries

	
Other License-Petroleum Prod. Inspection Fees

	
2,500.00

	
100.00

	
10/21/2006

	
10/21/2007

	
K06831266

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Entergy Louisiana, Inc

	
Utility Payment

	
75,040.00

	
1,501.00

	
12/09/2006

	
12/09/2007

	
K07186666

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Mississippi Comm of Agriculture & Commerce

	
Other License-Weighmaster's Bond

	
5,000.00

	
100.00

	
06/30/2006

	
06/30/2007

	
K0730867A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Duck River Electric Membership Corporation

	
Utility Payment

	
19,500.00

	
390.00

	
09/26/2006

	
09/26/2007

	
K07186368

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Huntsville

	
Utility Payment

	
15,000.00

	
300.00

	
04/06/2007

	
04/06/2008

	
K06831369

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florida Public Utilities Company

	
Utility Payment

	
10,000.00

	
200.00

	
01/24/2007

	
01/24/2008

	
K0730870A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
North Georgia Electric Membership Corporation

	
Utility Payment

	
70,000.00

	
1,400.00

	
10/14/2006

	
10/14/2007

	
K06831370

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Newberry Utility Department

	
Utility Payment-Store #161

	
6,500.00

	
130.00

	
01/24/2007

	
01/24/2008

	
K06831771

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Delaware Division of Motor Fuel Tax

	
Fuel Tax

	
5,000.00

	
100.00

	
03/29/2007

	
03/29/2008

	
K07308772

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Sequachee Valley Electric

	
Utility Payment-Store #3580

	
5,010.00

	
100.00

	
10/15/2006

	
10/15/2007

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 6 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07308875

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Canton Municipal Utilities

	
Utility Payment

	
9,000.00

	
180.00

	
09/21/2006

	
09/22/2007

	
K0683176A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florida Dept of Revenue Central Registration-Fuel Unit

	
Fuel Tax

	
100,000.00

	
2,000.00

	
01/24/2007

	
01/24/2008

	
K-6831278

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Clay Electric Cooperative, Inc.

	
Utility Payment

	
101,400.00

	
2,028.00

	
01/24/2007

	
01/24/2008

	
K07268580

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of South Carolina Dept of Revenue

	
Fuel Tax

	
1,000,000.00

	
20,000.00

	
07/13/2006

	
07/13/2007

	
K07186381

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Decatur Utilities

	
Utility Payment

	
6,456.00

	
129.00

	
04/06/2007

	
04/06/2008

	
K06831783

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Delaware Motor Fuel Tax Administration

	
Other License-Gasoline Distributor's Bond

	
5,000.00

	
100.00

	
03/29/2007

	
03/29/2008

	
K0730884A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Tri State Electric Membership Corporation

	
Utility Payment-Store #3596

	
2,100.00

	
100.00

	
10/15/2006

	
10/15/2007

	
K07186484

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
City of Russellville

	
Utility Payment

	
5,000.00

	
100.00

	
05/24/2006

	
05/24/2007

	
K07308784

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Sequachee Valley Electric

	
Utility Payment-Store #3556, 3591

	
7,020.00

	
140.00

	
10/15/2006

	
10/15/2007

	
KO-68-31-18-7

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Public Coast Electric Power Association

	
Utility Payment

	
3,000.00

	
100.00

	
12/14/2005

	
12/14/2006

	
K07186691

	
The Pantry, Inc.

	
Company

	
State of Arkansas Dept of Finance & Admin

	
Fuel Tax

	
20,000.00

	
400.00

	
05/12/2006

	
05/12/2007

	
K07268592

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Southern Pine Electric Power Assoc.

	
Utility Payment

	
24,500.00

	
490.00

	
07/03/2006

	
07/03/2007

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 7 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07186393

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Alabama Power Company

	
Utility Payment

	
260,195.00

	
5,204.00

	
04/06/2007

	
04/06/2008

	
K07268695

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Jefferson Energy Cooperative

	
Utility Payment-Store #3263

	
4,200.00

	
100.00

	
07/22/2006

	
07/22/2007

	
K07186496

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Georgia Dept of Revenue

	
Fuel Tax

	
110,000.00

	
2,200.00

	
05/24/2006

	
05/24/2007

	
K07308796

	
The Pantry, Inc.

	
Company

	
Sequachee Valley Electric

	
Utility Payment-Store #3558

	
4,210.00

	
100.00

	
10/15/2006

	
10/15/2007

	
K6831199

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Coast Electric Power Association

	
Utility Payment-Store #3465

	
4,000.00

	
100.00

	
12/14/2006

	
12/14/2007

	
K07327754

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Coast Electric Power Association

	
Utility Payment

	
22,000.00

	
440.00

	
02/06/2007

	
02/06/2008

	
K07327742

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Singing River Electric Power Association

	
Utility Payment

	
10,000.00

	
200.00

	
02/01/2007

	
02/01/2008

	
K07327808

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Cleco Energy LLC

	
Utility Payment

	
41,000.00

	
820.00

	
02/23/2007

	
02/23/2008

	
K07327845

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
American Electric Power/SouthWestem Electric Power Company

	
Utility Payment

	
20,709.00

	
414.00

	
02/23/2007

	
02/23/2008

	
K07327997

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Florida Dept of Revenue Central Registration-Fuel Unit

	
Fuel Tax-Importer's Additional Bond

	
100,000.00

	
2,000.00

	
03/09/2007

	
03/09/2008

	
K0732814A

	
Pat Gibson

	
Westchester Fire Insurance Company

	
State of Alabama, Dept of Agriculture & Industries

	
Other Miscellaneous-Weighmaster's Bond

	
1,000.00

	
100.00

	
04/05/2007

	
04/05/2008

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 8 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07328205

	
Angeline Driskell

	
Westchester Fire Insurance Company

	
State of Alabama, Dept of Agriculture & Industries

	
Other Miscellaneous-Weighmaster's Bond

	
1,000.00

	
100.00

	
04/05/2007

	
04/05/2008

	
K07328199

	
Jerry Smith

	
Westchester Fire Insurance Company

	
State of Alabama, Dept of Agriculture & Industries

	
Other Miscellaneous-Weighmaster's Bond

	
1,000.00

	
100.00

	
04/05/2007

	
04/05/2008

	
K07328187

	
Bev Goree

	
Westchester Fire Insurance Company

	
State of Alabama, Dept of Agriculture & Industries

	
Other Miscellaneous-Weighmaster's Bond

	
1,000.00

	
100.00

	
04/05/2007

	
04/05/2008

	
K07186472

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Mulreesboro Electric Department

	
Utility Payment

	
26,000.00

	
520.00

	
05/24/2006

	
05/24/2007

	
K0732845A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of Louisiana, Dept of Revenue

	
Fuel Tax

	
20,000.00

	
400.00

	
05/31/2006

	
05/31/2007

	
K0730948A

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Bessemer Utilities

	
Utility Payment-Stores: 3799,3822,3833,3834

	
12,000.00

	
240.00

	
07/06/2006

	
07/06/2007

	
K07309594

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Mississippi Power Company

	
Utility Payment-Store #3845

	
10,085.00

	
179.00

	
08/03/2006

	
08/03/2007

	
K07309740

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
North Carolina Dept of Transportation

	
Right of Way-Store #444

	
14,000.00

	
280.00

	
09/14/2006

	
09/14/2007

	
K07309752

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Choctawhatchee Electric Cooperative, Inc.

	
Utility Payment-Store #3852

	
6,000.00

	
120.00

	
09/19/2006

	
09/19/2007

	
K07309764

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Gulf Power Company

	
Utility Payment-Store #3851

	
6,255.00

	
125.00

	
09/19/2006

	
09/19/2007

	
K07309879

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Mississippi Power Company

	
Utility Payment-Store #3696

	
5,450.00

	
109.00

	
10/24/2006

	
10/24/2007

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 9 of 10           April 25, 2007

MARSH

  

  

  

The Pantry, Inc.

Bond Liability Report

	
Bond Number

	
Principal Name

	
Surety Company Name

	
Obligee Name

	
Bond Type/ Description

	
Individual Surety Liability Amount

	
Premium

	
Bond Effective Date

	
Bond Expiration Date

	
The Pantry, Inc.

	
K07309958

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Commonwealth of Kentucky

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
11/28/2006

	
11/28/2007

	
K07309946

	
Lindsay Thorp

	
Westchester Fire Insurance Company

	
Commonwealth of Kentucky

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
11/28/2006

	
11/28/2007

	
K07310006

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
Alabama Department of Transportation

	
Right of Way

	
20,000.00

	
400.00

	
12/12/2006

	
12/12/2007

	
K07310067

	
Debbie Barnett

	
Westchester Fire Insurance Company

	
State of Kentucky

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
12/21/2006

	
12/21/2007

	
K07310055

	
Janelle Byrd

	
Westchester Fire Insurance Company

	
State of Kentucky

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
12/21/2006

	
12/21/2007

	
K07310043

	
Sarah Gunderson

	
Westchester Fire Insurance Company

	
State of Kentucky

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
12/21/2006

	
12/21/2007

	
K07310031

	
Karla Rhone

	
Westchester Fire Insurance Company

	
State of Kentucky

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
12/21/2006

	
12/21/2007

	
K0731002A

	
Julie Moore

	
Westchester Fire Insurance Company

	
State of Kentucky

	
Other Financial Guarantee

	
1,000.00

	
100.00

	
12/21/2006

	
12/21/2007

	
K07310316

	
The Pantry, Inc.

	
Westchester Fire Insurance Company

	
State of West Virginia

	
Fuel Tax

	
350,000.00

	
7,000.00

	
03/19/2007

	
03/19/2008

	  	  	  	
The Pantry, Inc. Subtotal

	
7,801,220.00 USD

	
157,946.00 USD

	  	  
	  	  	  	
GRAND TOTAL

	
7,801,220.00 USD

	
157,946.00 USD

	  	  

One State Street, Hartford, CT, 06103 - Phone: (860) 723-5600

Page 10 of 10           April 25, 2007

MARSH

 

  

  

  

 

Schedule 6.8-1

EXISTING SALE AND LEASE-BACK TRANSACTIONS

	
Store #

	
Date

	
Lessor

	
Amount

	
855

	
10/31/1997

	
Harold Chastain

	
650,000

	
861

	
11/14/1997

	
Harold Chastain

	
1,000,000

	
872

	
11/24/1997

	
Margaret Heagerty

	
633,109

	
1301

	
3/7/1999

	
Realty Income Corporation

	
1,359,978

	
1302

	
3/7/1999

	
Realty Income Corporation

	
1,054,958

	
1303

	
3/7/1999

	
Realty Income Corporation

	
1,016,560

	
1304

	
3/7/1999

	
Realty Income Corporation

	
972,898

	
1306

	
3/7/1999

	
Realty Income Corporation

	
850,435

	
1307

	
3/7/1999

	
Realty Income Corporation

	
880,232

	
1310

	
3/7/1999

	
Realty Income Corporation

	
1,321,663

	
1320

	
3/7/1999

	
Realty Income Corporation

	
869,931

	
6299

	
3/7/1999

	
Realty Income Corporation

	
818,347

	
3243

	
7/22/1999

	
Realty Income Corporation

	
800,000

	
3244

	
7/22/1999

	
Realty Income Corporation

	
750,000

	
3245

	
7/22/1999

	
Realty Income Corporation

	
950,000

	
3248

	
7/22/1999

	
Realty Income Corporation

	
800,000

	
3249

	
7/22/1999

	
Realty Income Corporation

	
850,000

	
3250

	
7/22/1999

	
Realty Income Corporation

	
1,000,000

	
3252

	
7/22/1999

	
Realty Income Corporation

	
900,000

	
3253

	
7/22/1999

	
Realty Income Corporation

	
800,000

	
3254

	
7/22/1999

	
Realty Income Corporation

	
1,200,000

	
3256

	
7/22/1999

	
Santiago Villa

	
700,000

	
3257

	
7/22/1999

	
Realty Income Corporation

	
925,000

	
3261

	
7/22/1999

	
Realty Income Corporation

	
1,000,000

	
3262

	
7/22/1999

	
Realty Income Corporation

	
875,000

	
3263

	
7/22/1999

	
EPTA Properties VII, LLC

	
1,100,000

	
3264

	
7/22/1999

	
Realty Income Corporation

	
900,000

	
3266

	
7/22/1999

	
Realty Income Corporation

	
600,000

	
3267

	
7/22/1999

	
Realty Income Corporation

	
1,100,000

	
3270

	
7/22/1999

	
Realty Income Corporation

	
650,000

	
3271

	
7/22/1999

	
Realty Income Corporation

	
500,000

	
3272

	
7/22/1999

	
Realty Income Corporation

	
1,100,000

	
3273

	
7/22/1999

	
Realty Income Corporation

	
1,200,000

	
3275

	
7/22/1999

	
Realty Income Corporation

	
850,000

	
3277

	
7/22/1999

	
Realty Income Corporation

	
850,000

	
3280

	
7/22/1999

	
Realty Income Corporation

	
900,000

	
3281

	
7/22/1999

	
Realty Income Corporation

	
700,000

  

  

  

	
Store #

	
Date

	
Lessor

	
Amount

	
3282

	
7/22/1999

	
Realty Income Corporation

	
800,000

	
3284

	
7/22/1999

	
Realty Income Corporation

	
1,100,000

	
3285

	
7/22/1999

	
Waters Inc/Dana Investments LLC

	
1,250,000

	
3286

	
7/22/1999

	
Realty Income Corporation

	
1,100,000

	
3289

	
7/22/1999

	
Realty Income Corporation

	
1,100,000

	
3290

	
7/22/1999

	
Realty Income Corporation

	
900,000

	
3356

	
2/1/2000

	
K. Martin Waters, Jr.

	
1,000,000

	
3357

	
2/1/2000

	
K. Martin Waters, Jr.

	
596,075

	
3358

	
2/1/2000

	
O�Hair Limited Partnership

	
585,957

	
3359

	
2/1/2000

	
Yaschik Development Company, Inc

	
546,260

	
3354

	
4/1/2000

	
RLB, Inc.

	
1,200,000

	
3314

	
5/8/2000

	
Highland Park/Athens-Gainesville, LLC

	
900,000

	
3346

	
5/8/2000

	
Highland Park/Athens-Gainesville, LLC

	
1,500,000

	
3322

	
6/1/2000

	
MWH Properties, LLC

	
1,200,000

	
3350

	
6/1/2000

	
MWH Properties, LLC

	
1,000,000

	
3377

	
7/21/2000

	
1B Regency Parkway, LLC

	
800,000

	
941

	
8/22/2000

	
Rachel, LLC

	
1,382,054

	
3419

	
11/20/2000

	
Dr. Mary Jane Love NYE

	
500,000

	
3442

	
12/21/2000

	
M.K., LLC

	
1,400,000

	
3440

	
12/21/2000

	
Petroleum Realty VI, LLC

	
400,000

	
3443

	
12/21/2000

	
One Liberty Properties Inc

	
1,050,000

	
3444

	
12/21/2000

	
Petroleum Realty VI, LLC

	
950,000

	
3445

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,280,000

	
3446

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,230,000

	
3447

	
12/21/2000

	
One Liberty Properties Inc

	
1,280,000

	
3448

	
12/21/2000

	
Petroleum Realty VI, LLC

	
780,000

	
3449

	
12/21/2000

	
Petroleum Realty VI, LLC

	
750,000

	
3450

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,040,000

	
3452

	
12/21/2000

	
One Liberty Properties Inc

	
1,110,000

	
3453

	
12/21/2000

	
Petroleum Realty VI, LLC

	
990,000

	
3454

	
12/21/2000

	
One Liberty Properties Inc

	
1,110,000

	
3455

	
12/21/2000

	
One Liberty Properties Inc

	
1,060,000

	
3456

	
12/21/2000

	
One Liberty Properties Inc

	
1,150,000

	
3458

	
12/21/2000

	
Petroleum Realty VI, LLC

	
950,000

	
3459

	
12/21/2000

	
One Liberty Properties Inc

	
1,080,000

	
3460

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,090,000

	
3461

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,060,000

	
3465

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,180,000

	
3466

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,390,000

	
3467

	
12/21/2000

	
One Liberty Properties Inc

	
1,080,000

	
3468

	
12/21/2000

	
Petroleum Realty VI, LLC

	
1,660,000

	
3474

	
1/25/2001

	
Realty Income Corporation

	
1,200,000

  

  

  

	
Store #

	
Date

	
Lessor

	
Amount

	
3480

	
1/25/2001

	
Realty Income Corporation

	
900,000

	
3469

	
6/14/2001

	
Carolina Magee, LLC

	
1,400,000

	
3355

	
1/24/2002

	
LRD, LLC, Kingfisher Investments, LLC and Beach Brothers, LLC

	
1,333,500

	
3438

	
7/1/2001

	
Oates Oil Company

	
2,067,025

	
3439

	
8/21/2002

	
Oates Oil Company

	
1,465,173

	
6278

	
11/14/2002

	
Shirley & James Andrews

	
1,200,000

	
3501

	
10/16/2003

	
Brammer Properties, LLC

	
541,920

	
3513

	
10/16/2003

	
Robinson Three, LLC

	
497,704

	
3514

	
10/16/2003

	
Nicholas G Perakis Family Trust

	
897,704

	
3536

	
10/16/2003

	
Avery Jerrell Autry

	
647,704

	
3538

	
10/16/2003

	
Wlodzimierz & Elizabeth Szpikowski

	
847,704

	
3545

	
10/16/2003

	
Cirignano Ltd Partnership

	
797,704

	
3557

	
10/16/2003

	
R Gray Carrington Jr.

	
1,147,704

	
3560

	
10/16/2003

	
Brammer Properties, LLC

	
847,704

	
3562

	
10/16/2003

	
J-Star Holdings, LLC

	
1,047,704

	
3563

	
10/16/2003

	
Patel Education Company

	
1,047,704

	
3566

	
10/16/2003

	
Capizzi Family Trust

	
1,172,704

	
3570

	
10/16/2003

	
Patco Investments

	
697,704

	
3584

	
10/16/2003

	
Don Breeding

	
1,147,704

	
3587

	
10/16/2003

	
Robinson One, LLC

	
681,313

	
3588

	
10/16/2003

	
Greenacres Trust II

	
1,547,704

	
3602

	
10/16/2003

	
Joanne & Hugo Nykamp

	
1,047,704

	
3605

	
10/16/2003

	
Nicholas Perakis Family Trust

	
1,407,704

	
3606

	
10/16/2003

	
Southeastern Income Properties, LLC

	
1,247,704

	
3610

	
10/16/2003

	
P & A Investments, LLC

	
1,547,704

	
3611

	
10/16/2003

	
Darryl Krause

	
1,497,704

	
3619

	
10/16/2003

	
Landmark Equities & Marine Mgmt, LLC

	
1,597,704

	
3622

	
10/16/2003

	
Robinson Two, LLC

	
1,343,104

	
3625

	
10/16/2003

	
Elizabeth P Cook Family Partnership

	
578,294

	
3627

	
10/16/2003

	
Barry II, LLC

	
1,173,917

	
3494

	
10/16/2003

	
RI TN 1, LLC

	
850,000

	
3499

	
10/16/2003

	
RI GA 1, LLC

	
400,000

	
3502

	
10/16/2003

	
RI GA 1, LLC

	
490,000

	
3503

	
10/16/2003

	
RI GA 1, LLC

	
1,000,000

	
3504

	
10/16/2003

	
RI GA 1, LLC

	
469,230

	
3505

	
10/16/2003

	
RI GA 1, LLC

	
250,000

	
3506

	
10/16/2003

	
RI GA 1, LLC

	
450,000

	
3508

	
10/16/2003

	
RI GA 1, LLC

	
450,000

	
3510

	
10/16/2003

	
RI GA 1, LLC

	
350,000

	
3511

	
10/16/2003

	
RI GA 1, LLC

	
519,231

	
3512

	
10/16/2003

	
RI GA 1, LLC

	
1,387,570

	
3516

	
10/16/2003

	
RI GA 1, LLC

	
400,000

  

  

  

	
Store #

	
Date

	
Lessor

	
Amount

	
3518

	
10/16/2003

	
RI GA 1, LLC

	
350,000

	
3519

	
10/16/2003

	
RI GA 1, LLC

	
750,000

	
3521

	
10/16/2003

	
RI GA 1, LLC

	
189,231

	
3523

	
10/16/2003

	
RI GA 1, LLC

	
417,143

	
3526

	
10/16/2003

	
RI GA 1, LLC

	
400,000

	
3528

	
10/16/2003

	
RI GA 1, LLC

	
369,231

	
3537

	
10/16/2003

	
RI GA 1, LLC

	
600,000

	
3549

	
10/16/2003

	
RI GA 1, LLC

	
569,140

	
3551

	
10/16/2003

	
RI GA 1, LLC

	
576,547

	
3553

	
10/16/2003

	
RI GA 1, LLC

	
670,000

	
3554

	
10/16/2003

	
RI GA 1, LLC

	
750,000

	
3561

	
10/16/2003

	
RI GA 1, LLC

	
1,100,000

	
3564

	
10/16/2003

	
RI GA 1, LLC

	
900,000

	
3581

	
10/16/2003

	
RI GA 1, LLC

	
1,200,000

	
3590

	
10/16/2003

	
RI GA 1, LLC

	
600,000

	
3604

	
10/16/2003

	
RI GA 1, LLC

	
950,000

	
3612

	
10/16/2003

	
RI GA 1, LLC

	
1,250,000

	
3615

	
10/16/2003

	
RI GA 1, LLC

	
1,377,860

	
3495

	
10/16/2003

	
RI TN 1, LLC

	
519,230

	
3496

	
10/16/2003

	
RI TN 1, LLC

	
669,230

	
3497

	
10/16/2003

	
RI TN 1, LLC

	
2,000,000

	
3498

	
10/16/2003

	
RI TN 1, LLC

	
300,000

	
3515

	
10/16/2003

	
RI TN 1, LLC

	
480,000

	
3517

	
10/16/2003

	
RI TN 1, LLC

	
500,000

	
3524

	
10/16/2003

	
RI TN 1, LLC

	
457,083

	
3527

	
10/16/2003

	
RI TN 1, LLC

	
300,000

	
3533

	
10/16/2003

	
RI TN 1, LLC

	
1,000,000

	
3535

	
10/16/2003

	
RI TN 1, LLC

	
314,312

	
3539

	
10/16/2003

	
RI TN 1, LLC

	
775,000

	
3540

	
10/16/2003

	
RI TN 1, LLC

	
700,000

	
3541

	
10/16/2003

	
RI TN 1, LLC

	
850,000

	
3546

	
10/16/2003

	
RI TN 1, LLC

	
650,000

	
3548

	
10/16/2003

	
RI TN 1, LLC

	
500,000

	
3550

	
10/16/2003

	
RI TN 1, LLC

	
925,000

	
3552

	
10/16/2003

	
RI TN 1, LLC

	
800,000

	
3556

	
10/16/2003

	
RI TN 1, LLC

	
950,000

	
3558

	
10/16/2003

	
RI TN 1, LLC

	
900,000

	
3559

	
10/16/2003

	
RI TN 1, LLC

	
760,340

	
3565

	
10/16/2003

	
RI TN 1, LLC

	
804,785

	
3567

	
10/16/2003

	
RI TN 1, LLC

	
913,847

	
3568

	
10/16/2003

	
RI TN 1, LLC

	
800,000

	
3569

	
10/16/2003

	
RI TN 1, LLC

	
750,000

  

  

  

	
Store #

	
Date

	
Lessor

	
Amount

	
3571

	
10/16/2003

	
RI TN 1, LLC

	
550,000

	
3573

	
10/16/2003

	
RI TN 1, LLC

	
1,466,328

	
3574

	
10/16/2003

	
RI TN 1, LLC

	
1,000,000

	
3575

	
10/16/2003

	
RI TN 1, LLC

	
700,000

	
3576

	
10/16/2003

	
RI TN 1, LLC

	
735,000

	
3578

	
10/16/2003

	
RI TN 1, LLC

	
270,000

	
3580

	
10/16/2003

	
RI TN 1, LLC

	
774,780

	
3582

	
10/16/2003

	
RI TN 1, LLC

	
809,168

	
3583

	
10/16/2003

	
RI TN 2, LLC

	
1,570,000

	
3585

	
10/16/2003

	
RI TN 2, LLC

	
1,100,000

	
3586

	
10/16/2003

	
RI TN 2, LLC

	
342,263

	
3589

	
10/16/2003

	
RI TN 2, LLC

	
700,000

	
3592

	
10/16/2003

	
RI TN 2, LLC

	
450,000

	
3593

	
10/16/2003

	
RI TN 2, LLC

	
350,000

	
3594

	
10/16/2003

	
RI TN 2, LLC

	
350,000

	
3595

	
10/16/2003

	
RI TN 2, LLC

	
519,231

	
3597

	
10/16/2003

	
RI TN 2, LLC

	
550,000

	
3598

	
10/16/2003

	
RI TN 2, LLC

	
354,797

	
3599

	
10/16/2003

	
RI TN 2, LLC

	
969,231

	
3601

	
10/16/2003

	
RI TN 2, LLC

	
380,000

	
3607

	
10/16/2003

	
RI TN 2, LLC

	
1,383,751

	
3608

	
10/16/2003

	
RI TN 2, LLC

	
1,218,475

	
3609

	
10/16/2003

	
RI TN 2, LLC

	
1,424,650

	
3613

	
10/16/2003

	
RI TN 2, LLC

	
1,650,000

	
3614

	
10/16/2003

	
RI TN 2, LLC

	
1,550,000

	
3616

	
10/16/2003

	
RI TN 2, LLC

	
950,000

	
3617

	
10/16/2003

	
RI TN 2, LLC

	
1,336,600

	
3618

	
10/16/2003

	
RI TN 2, LLC

	
1,500,000

	
3620

	
10/16/2003

	
RI TN 2, LLC

	
1,134,650

	
3621

	
10/16/2003

	
RI TN 2, LLC

	
914,940

	
3623

	
10/16/2003

	
RI TN 2, LLC

	
858,208

	
3624

	
10/16/2003

	
RI TN 2, LLC

	
500,000

	
3626

	
10/16/2003

	
RI TN 2, LLC

	
858,208

	
3628

	
10/16/2003

	
RI TN 2, LLC

	
858,208

	
3629

	
10/16/2003

	
RI TN 2, LLC

	
858,208

	
6293

	
6/14/2004

	
James and Shirley Andrews

	
1,800,000

	
3488

	
10/3/2003

	
Stallings Oil Company

	
500,000

	
1413

	
11/19/2003

	
Venetian Holdings, LLC

	
725,000

	
3302

	
10/1/2004

	
Prime Realty, Inc.

	
516,000

	
3322

	
4/14/2004

	
MWH Properties, LLC

	
378,000

	
3553

	
6/1/2005

	
RI GA 1, LLC

	
731,000

	
1421

	
6/9/2005

	
Andrews Enterprises, Inc.

	
800,000

  

  

  

	
Store #

	
Date

	
Lessor

	
Amount

	
3698

	
8/21/2005

	
Realty Income

	
625,000

	
3700

	
8/21/2005

	
Realty Income

	
1,700,000

	
3703

	
8/21/2005

	
Realty Income

	
1,400,000

	
3707

	
8/21/2005

	
Realty Income

	
1,550,000

	
3708

	
8/21/2005

	
Realty Income

	
2,800,000

	
3713

	
8/21/2005

	
Realty Income

	
1,675,000

	
3716

	
8/21/2005

	
Realty Income

	
1,400,000

	
3718

	
8/21/2005

	
Realty Income

	
900,000

	
3737

	
12/15/2005

	
Waters Conv Stores, LLC

	
2,225,000

	
1414

	
12/15/2005

	
Tom's Chevron, Inc

	
900,000

	
1415

	
12/22/2005

	
James and Shirley Andrews

	
875,000

	
3736

	
11/17/2005

	
100 Colony Crossing Blvd, LLC

	
2,500,000

	
3550-b

	
3/24/2006

	
Realty Income

	
230,672

	
3799

	
5/11/2006

	
Commercial Net Lease Realty

	
1,285,098

	
3806

	
5/11/2006

	
Commercial Net Lease Realty

	
1,002,121

	
3809

	
5/18/2006

	
Commercial Net Lease Realty

	
1,237,463

	
3810

	
5/18/2006

	
Commercial Net Lease Realty

	
1,122,953

	
3813

	
5/18/2006

	
Commercial Net Lease Realty

	
1,098,811

	
3817

	
5/18/2006

	
Commercial Net Lease Realty

	
1,086,356

	
3819

	
5/18/2006

	
Commercial Net Lease Realty

	
1,104,308

	
3821

	
5/18/2006

	
Commercial Net Lease Realty

	
1,552,143

	
3823

	
5/18/2006

	
Commercial Net Lease Realty

	
971,007

	
3824

	
5/18/2006

	
Commercial Net Lease Realty

	
973,881

	
3825

	
5/18/2006

	
Commercial Net Lease Realty

	
1,100,316

	
3827

	
5/18/2006

	
Commercial Net Lease Realty

	
795,618

	
3832

	
5/11/2006

	
Commercial Net Lease Realty

	
1,277,733

	
3835

	
5/18/2006

	
Commercial Net Lease Realty

	
1,890,812

	
1423

	
6/1/2006

	
C.L.D. Properties, Ltd.

	
800,000

	
2525

	
8/1/2006

	
Petroleum Realty VI, LLC

	
579,855

	
1010

	
8/23/2006

	
Commercial Net Lease Realty

	
1,900,000

	
3839

	
8/10/2006

	
Commercial Net Lease Realty

	
1,206,000

	
3841

	
8/10/2006

	
Commercial Net Lease Realty

	
922,500

	
3842

	
8/10/2006

	
Commercial Net Lease Realty

	
822,400

	
3843

	
8/10/2006

	
Commercial Net Lease Realty

	
1,300,000

	
3844

	
8/10/2006

	
Commercial Net Lease Realty

	
2,948,500

	
3848

	
8/31/2006

	
Commercial Net Lease Realty

	
2,000,000

	
3849

	
8/31/2006

	
Commercial Net Lease Realty

	
2,000,000

	
3851

	
9/28/2006

	
Commercial Net Lease Realty

	
2,500,000

	
3852

	
9/28/2006

	
Commercial Net Lease Realty

	
2,500,000

	
3631

	
9/28/2006

	
Realty Income

	
1,800,000

	
3853

	
10/19/2006

	
National Retail Properties, LP

	
1,200,000

	
3854

	
10/19/2006

	
National Retail Properties, LP

	
1,200,000

  

  

  

	
Store #

	
Date

	
Lessor

	
Amount

	
1142

	
11/1/2006

	
James and Shirley Andrews

	
1,800,000

	
3860

	
11/27/2006

	
National Retail Properties, LP

	
4,500,000

	
3856

	
12/7/2006

	
National Retail Properties, LP

	
1,200,000

	
3857

	
12/7/2006

	
National Retail Properties, LP

	
1,200,000

	
3858

	
12/7/2006

	
National Retail Properties, LP

	
1,200,000

	
3863

	
12/21/2006

	
National Retail Properties, LP

	
1,500,000

	
3837

	
11/13/2006

	
Chastain Holdings, LLC

	
650,000

	
3868

	
1/11/2007

	
Lee-Moore Oil Co

	
2,000,000

	
3869

	
1/18/2007

	
National Retail Properties, LP

	
1,750,000

	
1212

	
1/24/2007

	
Andrews Management Co

	
600,000

	
1416

	
2/2/2007

	
Commercial Net Lease Realty

	
1,800,000

	
3919

	
2/15/2007

	
National Retail Properties, LP

	
4,750,000

	
3920

	
3/1/2007

	
National Retail Properties, LP

	
1,500,000

	
3988

	
3/15/2007

	
National Retail Properties, LP

	
1,875,000

	
1270

	
3/27/2007

	
Julian Jackson Properties, Ltd

	
600,000

	
3921

	
4/5/2007

	
National Retail Properties, LP

	
2,625,000

	
3922

	
4/5/2007

	
National Retail Properties, LP

	
3,125,000

	
3924

	
4/5/2007

	
National Retail Properties, LP

	
3,500,000

	
3925

	
4/5/2007

	
National Retail Properties, LP

	
2,937,500

	
3926

	
4/5/2007

	
National Retail Properties, LP

	
3,125,000

	
3927

	
4/5/2007

	
National Retail Properties, LP

	
3,750,000

	
3929

	
4/5/2007

	
National Retail Properties, LP

	
2,187,500

	
3930

	
4/5/2007

	
National Retail Properties, LP

	
1,200,000

	
3931

	
4/5/2007

	
National Retail Properties, LP

	
1,500,000

	
3932

	
4/5/2007

	
National Retail Properties, LP

	
4,000,000

	
3933

	
4/5/2007

	
National Retail Properties, LP

	
1,250,000

	
3934

	
4/5/2007

	
National Retail Properties, LP

	
2,187,500

	
3935

	
4/5/2007

	
National Retail Properties, LP

	
850,000

	
3938

	
4/5/2007

	
National Retail Properties, LP

	
4,375,000

	
3939

	
4/5/2007

	
National Retail Properties, LP

	
2,500,000

	
3940

	
4/5/2007

	
National Retail Properties, LP

	
4,125,000

	
3941

	
4/5/2007

	
National Retail Properties, LP

	
3,125,000

	
3943

	
4/5/2007

	
National Retail Properties, LP

	
6,375,000

	
3944

	
4/5/2007

	
National Retail Properties, LP

	
6,500,000

	
3945

	
4/5/2007

	
National Retail Properties, LP

	
3,500,000

	
3946

	
4/5/2007

	
National Retail Properties, LP

	
4,062,500

	
3947

	
4/5/2007

	
National Retail Properties, LP

	
4,312,500

	
3948

	
4/5/2007

	
National Retail Properties, LP

	
4,062,500

	
3949

	
4/5/2007

	
National Retail Properties, LP

	
3,750,000

	
3951

	
4/5/2007

	
National Retail Properties, LP

	
4,125,000

	
3953

	
4/5/2007

	
National Retail Properties, LP

	
5,000,000

	
3955

	
4/5/2007

	
National Retail Properties, LP

	
2,750,000

  

  

  

	
Store #

	
Date

	
Lessor

	
Amount

	
3956

	
4/5/2007

	
National Retail Properties, LP

	
4,125,000

	
3957

	
4/5/2007

	
National Retail Properties, LP

	
3,125,000

	
3958

	
4/5/2007

	
National Retail Properties, LP

	
3,500,000

	
3960

	
4/5/2007

	
National Retail Properties, LP

	
3,500,000

	
3962

	
4/5/2007

	
National Retail Properties, LP

	
3,250,000

	
3963

	
4/5/2007

	
National Retail Properties, LP

	
2,187,500

	
3965

	
4/5/2007

	
National Retail Properties, LP

	
2,750,000

	
3967

	
4/5/2007

	
National Retail Properties, LP

	
875,000

	
3968

	
4/5/2007

	
National Retail Properties, LP

	
3,437,500

	
3969

	
4/5/2007

	
National Retail Properties, LP

	
3,437,500

	
3970

	
4/5/2007

	
National Retail Properties, LP

	
2,187,500

	
3972

	
4/5/2007

	
National Retail Properties, LP

	
2,250,000

	
3973

	
4/5/2007

	
National Retail Properties, LP

	
1,500,000

	
3975

	
4/5/2007

	
National Retail Properties, LP

	
4,375,000

	
3976

	
4/5/2007

	
National Retail Properties, LP

	
2,812,500

	
3977

	
4/5/2007

	
National Retail Properties, LP

	
1,500,000

	
3979

	
4/5/2007

	
National Retail Properties, LP

	
4,110,850

	
3980

	
4/5/2007

	
National Retail Properties, LP

	
1,250,000

	
3981

	
4/5/2007

	
National Retail Properties, LP

	
1,250,000

	
3982

	
4/5/2007

	
National Retail Properties, LP

	
1,500,000

	
3984

	
4/5/2007

	
National Retail Properties, LP

	
1,250,000

	
3985

	
4/5/2007

	
National Retail Properties, LP

	
1,875,000

	
3795

	
4/5/2007

	
Lee-Moore Oil Co

	
1,145,000

	
3258

	
7/22/1999

	
Realty Income Corp

	
700,000

	  	  	  	  

  

  

  

Schedule 6.8-2

PERMITTED SALE AND LEASE-BACK PROPERTIES

 

	
Store

	  	
Address

	  	  	  
	
1427

	  	
NEC US98 & Transmitter Rd, Springfield, FL

	  	  	  
	
1428

	  	
SWC 58th Ave/College Lane, Vero Beach, FL

	  	  	  
	
1430

	  	
14024 Outback Dr., Jacksonville, FL 32218

	  	  	  
	
1511 (5500)

	  	
Highway 52 & I-65, Pelham, AL

	  	  	  
	
3635

	  	
4402 Ten Ten Road/Holly Springs, Apex, NC

	  	  	  
	
3796

	  	
1971 Clements Ferry Rd., Charleston, SC

	  	  	  
	
3850

	  	
Hwy 41 & Joe Rouse, Mt. Pleasant, SC

	  	  	  
	
5108

	  	
Ten Ten & Kildaire Farm Road, Cary, NC

	  	  	  
	
3987

	  	
Hwy 160 W & Dam Road, Tega Cay, SC

  

  

  

Schedule 9.6

FORM OF

ASSIGNMENT AND ASSUMPTION

This Assignment and Assumption (the "Assignment and Assumption") is dated as of the Effective Date set forth below and is entered into by and between [the][each] Assignor identified in item 1 below ([the][each, an] "Assignor") and [the][each] Assignee identified in item 2 below ([the][each, an] "Assignee").  [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees] hereunder are several and not joint.]2  Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, restated, amended and restated or otherwise modified from time to time, the "Credit Agreement"), receipt of a copy of which is hereby acknowledged by [the][each] Assignee.  The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor's][the respective Assignors'] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below (including without limitation any letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] "Assigned Interest").  Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

	
1.

	
Assignor[s]:

	  	  
	  	  	  	  
	  	  	  	  
	  	  	  	  
	
2.

	
Assignee[s]:

	  	  
	  	  	  	  
	  	  	  	  

2 Include bracketed language if there are either multiple Assignors or multiple Assignees.

  

  

  

	  	
[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]

	  	  	 	  	  
	
3.

	
Borrower:

	 	
The Pantry, Inc., a Delaware corporation

	  	  	 	  	  
	
4.

	
Administrative Agent:

	 	
Wachovia Bank, National Association, as the administrative agent under the Credit Agreement.

	  	  	 	  	  
	
5.

	
Credit Agreement:

	 	
The Third Amended and Restated Credit Agreement dated as of May 15, 2007 among The Pantry, Inc., a Delaware corporation, the Domestic Subsidiaries of the Borrower from time to time party thereto, the lenders and other financial institutions from time to time party thereto, and Wachovia Bank, National Association, as Administrative Agent.

	  	  	 	  	  
	
6.

	
Assigned Interest[s]:

	
Assignor[s]

	
Assignee[s]

	
Facility Assigned

	
Aggregate Amount of Commitment/Loans for all Lenders

	
Amount of Commitment/Loans Assigned

	
Percentage Assigned of Commitment/Loans

	
CUSIP Number

	  	  	  	
$

	
$

	
%

	  
	  	  	  	
$

	
$

	
%

	  
	  	  	  	
$

	
$

	
%

	  

	
[7.

	
Trade Date:

	  	
______________]3

Effective Date:   _____________ ___, 20___.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

3 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

  

  

  

The terms set forth in this Assignment and Assumption are hereby agreed to:

	  	
ASSIGNOR[S]

	  	
[NAME OF ASSIGNOR]

	  	  	  
	  	  	  
	  	
By:  

	  
	  	  	
Title:

 

  

  

  

	  	
ASSIGNEE[S]

	  	
[NAME OF ASSIGNEE]

	  	  	  
	  	  	  
	  	
By:  

	  
	  	  	
Title:

  

  

  

[Consented to and] Accepted:

WACHOVIA BANK, NATIONAL ASSOCIATION, as

Administrative Agent

	
By  

	  	  
	  	
Title:

	  

  

  

  

[Consented to:]

[NAME OF RELEVANT PARTY]

	
By  

	  	  
	  	
Title:

	  

  

  

  

ANNEX 1

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

1.  Representations and Warranties.

1.1  Assignor[s].  [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document.

1.2.  Assignee[s].  [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 9.6(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 9.6(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender.

  

  

  

2.  Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date.

3.  General Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.exhibit10_2.htm

Exhibit 10.2

The Pantry, Inc. Annual Incentive Program

 

The Pantry, Inc. Annual Incentive Program (the “Program”) is a compensatory program under The Pantry, Inc. 2007 Omnibus Plan that was originally established on November 25, 2008 by the Compensation and Organization Committee (the “Committee”) of the Board of Directors (the “Board”) of The Pantry, Inc. (the “Company”). The Program provides for performance-based cash awards to certain of the Company’s employees, including its executive officers. Executive officers are eligible for awards under the Program based on threshold, target, and maximum performance levels set by the Committee, and the actual award amounts, if any, will therefore vary depending on the achievement of certain performance goals by the Company. The Program’s performance cycle is concurrent with the Company’s fiscal year.

 

The Board approved the following performance measures and their respective weights for the Company’s executive officers because the Board believed these performance measures would be key indicators of the Company’s overall financial and operating results during each fiscal year:

 

	  	
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Adjusted EBITDA (weighted at 65%), which is defined as net income (earnings) before interest expense, income taxes, depreciation and amortization and including the lease payments made under lease finance obligations and adjusted for one-time accounting charges not forecasted as approved by the Committee.

	  	
•

	
Merchandise gross profit divided by operating store general and administrative expenses without operating rent (weighted at 35%) and adjusted for one-time accounting charges not forecasted as approved by the Committee.

 

Under the Program, each performance measure operates independently of the other measure. That is, an award may be paid when the threshold performance level is achieved for a single measure, without regard to results for the other measure. The Board approved the targets for each performance measure based upon the Company’s approved internal budget estimates.

 

Under the Program, the target award opportunity for the Company’s chief executive officer will be 75% of his or her annual base salary as initially approved by the Board for the applicable fiscal year and will not include any additional salary increases for such fiscal year; the target award opportunity for each of the Company’s other executive officers will be 50% of his or her annual base salary as initially approved by the Board for the applicable fiscal year and will not include any additional salary increases for such fiscal year.

 

Actual award payouts for the Company’s executive officers can vary from 50% of target awards for achieving or exceeding the threshold performance level to 200% of target awards for achieving the maximum performance level. For any performance greater than the threshold performance level and less than the maximum performance level but not equal to the target performance level, the appropriate payout percentage will be interpolated on a straight-line basis accordingly. For any performance below the threshold performance level, the appropriate payout percentage is 0%.

 

The Committee may make award payouts or otherwise increase, reduce, or eliminate payouts that would otherwise be made under the Program in its sole discretion. Executive officers who join the Company during a fiscal year will have any award amounts for that fiscal year prorated, except that no executive officer hired after the end of the third quarter of a fiscal year will be eligible to receive an award under the Program for that fiscal year. Participants must be employed on the date awards are paid in order to receive a payout, except that participants whose employment is terminated due to death or disability or as otherwise determined by the Committee in its discretion may have their award amounts prorated and paid on the date other awards are paid in the discretion of the Committee.

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