Document:

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                                                                    EXHIBIT 10.1

[GLOBALSCAPE LOGO]                            NEWS RELEASE
                                           Contact:  Karen R. Mella
                                               Vice President Investor Relations
                                               (210) 547-1000
[ATSI LOGO]                            E-mail: kmelfa@atsi.net
                                               ---------------
                                     Web Site: www.globalscape.com
                                               -------------------

                                               www.atsi.net
                                               ------------

            GlobalSCAPE Names Former Comdisco Executive to CEO Post

SAN ANTONIO, TEXAS, September 29, 2000 - GlobalSCAPE, Inc. today announced that
Tim Nicolaou has been hired as the Chief Executive Officer of GlobalSCAPE,
effective October 16, 2000.  Sandra Poole-Christal will continue in her role as
President and Chief Operating Officer. GlobalSCAPE is a majority-owned Internet
software subsidiary of American TeleSource International, Inc. (AMEX: AI).
                                                                --------

Arthur L. Smith, Chairman and CEO of ATSI, stated, "GlobalSCAPE conducted an
extensive search engaging the expertise of Korn/Ferry International, a leader
among senior-level executive search firms, to identify Tim as the prime
candidate to lead the GlobalSCAPE team.  Considering the quality of his industry
experience, Tim will play a major role in strengthening GlobalSCAPE's
competitive position in the Internet software market and the financial markets."

Mr. Nicolaou has been serving as Vice President, Product Management of the Web
Services Division for Chicago-based Comdisco, Inc. (NYSE: CDO; market cap of
approximately $3 billion). He was responsible for the development and
implementation of the marketing plan for the company's new services division,
managing product development, product marketing and sales support functions.
Comdisco provides global technology services including continuity, Web services,
network services, and IT Control and Predictability solutions. The company's
revenue for the 12 months ended June 30, 2000 was $3.8 billion. Comdisco serves
more than 4,000 customers through more than 100 locations worldwide, including
North America, South America, Europe and the Asia/Pacific Rim.

Prior to Comdisco, Mr. Nicolaou served as Executive Vice President of Sales and
Marketing for Computer Concepts Corp., (renamed Direct Insite Corp. trading on
Nasdaq Small Cap: DIRI), Vice President of Sales, Industrial Products Division
for United States Data Corporation, and Management Consultant for Perot Systems
(NYSE: PER).  He has an MBA from Southern Methodist University, Edwin L. Cox
School of Business Administration and a BA in Computer Science from the
University of Texas.
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Sandra Poole-Christal stated, "The addition of Tim as CEO is a milestone event
in the evolution of our Company. The solid experience he brings to GlobalSCAPE
will enhance our ability to successfully accelerate our growth strategy.  We
remain focused on introducing innovative new products and services, delivering
strong financial performance and building value for our shareholders."

Tim Nicolaou commented, "GlobalSCAPE has a solid track record of developing and
delivering quality products to consumers worldwide. Looking ahead, this Company
is well positioned as an innovator in the peer to peer space and to offer Web
services that enhance computing power at the desktop level. This is an exciting
time to be a player in the Internet software industry, and I am eager to combine
my experience with the talented GlobalSCAPE team."

GlobalSCAPE recently filed its initial Form 10Q with the SEC in which it
reported operating results for the three and six-month periods ended June 30,
2000.  For the six month period ended June 30, 2000, GlobalSCAPE reported
revenues of approximately $3.0 million, income from operations of approximately
$955,000 and net income of approximately $602,000, or $0.05 per common share
outstanding. In addition, ATSI recently completed the distribution of a portion
of its ownership in GlobalSCAPE to the ATSI shareholders, retaining
approximately 70% ownership of GlobalSCAPE.

GlobalSCAPE, Inc. is a leader in the development, marketing, and support of
award winning Internet-based software in a broad array of categories including
client and server applications, Internet utilities and Web site development
tools. GlobalSCAPE is able to provide millions of users with complementary
content and a variety of online services designed to make life online more
enjoyable and productive.

American TeleSource International, Inc. is an emerging international carrier
serving the rapidly expanding niche markets in and between Latin America and the
United States. The Company's borderless strategy includes the deployment of a
"next generation" network for more efficient and cost effective service
offerings of domestic and international voice and data.  ATSI has clear
advantages over the competition through its corporate framework consisting of
unique licenses, interconnection and service agreements, network footprint and
extensive retail distribution.

This news release contains forward looking statements. These statements describe
management's beliefs and expectations about the future. We have identified
forward looking statements by using words such as "expect," "believe," and
"should." Although we believe our expectations are reasonable, our operations
involve a number of risks and uncertainties, and these statements may turn out
not to be true. More detailed information about GlobalSCAPE, Inc and American
TeleSource International, Inc. is available in both Companies' public filings
with the Security and Exchange Commission.Exhibit 4.1

Front Page

                         Incorporated under the Laws of
                              the State of Delaware

Number [Specimen]              PATHMARK STORES, INC.              [    ] Shares

                                  Common Stock

                  THIS CERTIFIES THAT [Name of Subscriber] is the registered
holder of [Number of Shares to be issued] fully paid and nonassessable shares,
par value $.01 per share, of the Common Stock of Pathmark Stores, Inc.
(hereinafter and on the reverse hereof called the "Corporation"), transferable
on the books of the Corporation only upon request of the holder hereof in person
or of such holder's attorney, thereunto authorized by power of attorney duly
executed and filed with the Secretary of the Corporation, and upon surrender of
this Certificate properly endorsed or accompanied by a stock power duly
executed.

                  The Corporation is authorized to issue 100,000,000 shares of
Common Stock, par value $.01 each.

                  IN WITNESS WHEREOF, the Corporation has caused this
Certificate to be signed by its duly authorized officers this __ day of _______,
20__.

-----------------------                      -----------------------------------
Chief Executive Officer                      Senior Vice President and Secretary

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Back Page
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                  FOR VALUE RECEIVED, ________________________ does hereby sell,

assign and transfer unto _______________________________________________________
                           (Please print or type name and address of assignee)

Shares evidenced by the within Certificate, and does hereby irrevocably

constitute and appoint ________________________ attorney to transfer the said

Shares on the books of the within-named Corporation, with full power of

substitution in the premises.

Dated __________________

In presence of:                                   ______________________________

_________________________________

NOTICE: The signature to this assignment must correspond
with the name as written upon the face of the Certificate
in every particular, without alteration or enlargement,
or any change whatever.PATHMARK STORES, INC.

                            Common Stock and Warrants

                          REGISTRATION RIGHTS AGREEMENT

                                                                  _____ __, 2000

            Pathmark Stores, Inc., a Delaware corporation (the "Company"),
proposes, subject to the terms and conditions stated in the Debtors' Joint Plan
of Reorganization Under Chapter 11 of the Bankruptcy Code (the "Plan") and the
order, dated August 31, 2000 (and entered by the Clerk of the Bankruptcy Court
on September 7, 2000), of the Bankruptcy Court confirming the Plan, to issue to
each of the holders of Pathmark Notes or Holdings Bonds, including certain of
such holders which are signatories hereto and the funds and accounts managed by
the signatories hereto (the "Initial Holders"), certain shares of the Company's
New Common Stock, (the "Common Stock") and New Warrants, as defined in the Plan
(the "Warrants"). The Company hereby agrees as follows:

            1. Shelf Registration. The Company shall take the following actions:

            (a) The Company will, at its cost, use its best efforts to file with
     the Securities and Exchange Commission (the "Commission") on or as soon as
     practicable, but no later than September 27, 2000, following the Effective
     Date of the Plan, and have declared effective as soon as practicable
     thereafter, a registration statement (the "Shelf Registration Statement")
     on an appropriate form under the Securities Act of 1933, as amended (the
     "Securities Act"), relating to the offer and sale of Transfer Restricted
     Securities (as defined in Section 7) by the Holders (as defined in Section
     7 of this Agreement) thereof from time to time on a continuous or delayed
     basis in accordance with Rule 415 under the Securities Act or any similar
     rule that may be adopted by the Commission; provided, however, that no
     Holder (other than the Initial Holders) shall be entitled to have the
     Securities (as defined in Section 7 of this Agreement) held by it covered
     by such Shelf Registration Statement unless such Holder agrees in writing
     to be bound by all of the provisions of this Agreement applicable to such
     Holder.

            (b) The Company shall use commercially reasonable efforts to keep
     the Shelf Registration Statement continuously effective in order to permit
     the prospectus included therein to be lawfully delivered by the Holders of
     the relevant Securities until the later of (i) two (2) years from the date
     that the Shelf Registration Statement is declared effective and (ii) the
     date on which no Initial Holder would be deemed an affiliate (as used in
     the Securities Act) of the Company for a period of three (3) consecutive
     months, as reasonably determined by such Initial Holder. Notwithstanding
     the foregoing, the Company shall not be required to keep the Shelf
     Registration Statement effective after all of the Securities covered by the
     Shelf Registration Statement have been sold pursuant
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     thereto or pursuant to any applicable exemption from the registration
     requirements of the Securities Act.

            (c) Notwithstanding any other provisions of this Agreement to the
     contrary, the Company shall cause the Shelf Registration Statement, and the
     related prospectus and any amendment or any supplement thereto, as of the
     effective date of the Shelf Registration Statement, or amendment or
     supplement thereto, (i) to comply in all material respects, as to all
     matters within the Company's control, with the applicable requirements of
     the Securities Act and the rules and regulations of the Commission and (ii)
     not to contain any untrue statement of a material fact or omit to state a
     material fact required to be stated therein or necessary in order to make
     the statements therein, in light of the circumstances under which they were
     made, not misleading.

            2. Registration Procedures. In connection with the registration
under the Securities Act contemplated by Section 1 hereof (the "Shelf
Registration"), the following provisions shall apply:

            (a) At least three (3) days prior to the filing thereof with the
     Commission, the Company shall furnish to the Initial Holders a copy of the
     proposed form of the Shelf Registration Statement and each amendment
     thereto and each supplement, if any, to the prospectus included therein,
     and shall afford the Initial Holders the opportunity to participate in the
     preparation of each such document.

            (b) The Company shall give written notice to the Holders (which
     notice pursuant to clauses (ii) - (v) hereof shall be accompanied by an
     instruction to suspend the use of the prospectus until the requisite
     changes have been made):

                 (i) when the Shelf Registration Statement or any amendment or
            supplement thereto has been filed with the Commission and when the
            Shelf Registration Statement or any post-effective amendment thereto
            has become effective;

                 (ii) of any request by the Commission for amendments or
            supplements to the Shelf Registration Statement or the prospectus
            included therein or for any additional information;

                 (iii) of the issuance by the Commission of any stop order
            suspending the effectiveness of the Shelf Registration Statement or
            the initiation of any proceedings for that purpose;

                 (iv) of the receipt by the Company or its legal counsel of any
            notification with respect to the suspension of the qualification of
            the Securities for sale in any jurisdiction or the initiation or
            threatening of any proceeding for such purpose; and

                 (v) of the happening of any event as a result of which the
            Shelf Registration Statement or the prospectus shall contain an
            untrue statement of a material fact or omit a material fact required
            to be stated therein, or necessary to

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            make the statements therein not misleading (provided, however, that
            no notice by the Company shall be required pursuant to this clause
            (v) in the event that the Company either promptly files a prospectus
            supplement to update the prospectus on a Form 8-K or other Exchange
            Act report that is incorporated by reference into the Shelf
            Registration Statement, which, in either case, contains the
            requisite information with respect to such event that results in
            such Shelf Registration Statement no longer containing any untrue
            statement of material fact or omitting to state a material fact
            necessary to make the statements contained therein not misleading).

            (c) The Company shall use its best efforts to obtain the withdrawal
     at the earliest possible time of any order suspending the effectiveness of
     the Shelf Registration Statement.

            (d) The Company shall furnish to each Holder included within the
     coverage of the Shelf Registration, without charge, at least one copy of
     the Shelf Registration Statement and any post-effective amendment or
     supplement thereto, including financial statements and schedules, and, if
     the Holder so requests in writing, all exhibits thereto (including those,
     if any, incorporated by reference).

            (e) The Company shall deliver to each Holder of the Securities
     included within the coverage of the Shelf Registration, without charge, as
     many copies of the prospectus (including each preliminary prospectus)
     included in the Shelf Registration Statement and any amendment or
     supplement thereto as such person may reasonably request. The Company
     consents, subject to the provisions of this Agreement, to the use of the
     prospectus or any amendment or supplement thereto included in the Shelf
     Registration Statement by each of the selling Holders in connection with
     the offering and sale of the Securities covered by such prospectus or any
     such amendment or supplement.

            (f) Prior to any public offering of the Securities pursuant to the
     Shelf Registration, the Company shall register or qualify or cooperate with
     the Holders of Securities included therein and their respective counsel in
     connection with the registration or qualification of the Securities for
     offer and sale under the securities or "blue sky" laws of such states of
     the United States as any Holder reasonably requests in writing and do any
     and all other acts or things necessary or advisable to enable the offer and
     sale in such jurisdictions of the Securities covered by the Shelf
     Registration Statement; provided, however, that the Company shall not be
     required to (i) qualify generally to do business in any jurisdiction where
     it is not then so qualified or (ii) take any action which would subject it
     to general service of process or to taxation in any jurisdiction where it
     is not then so subject.

            (g) The Company shall cooperate with the Holders and their
     respective counsel to facilitate the timely preparation and delivery of
     certificates representing the Securities to be sold pursuant to the Shelf
     Registration Statement free of any restrictive legends and in such Holders'
     respective denominations and registered in such names as such Holders may
     request a reasonable period of time prior to sales of the Securities
     pursuant to the Shelf Registration Statement.

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            (h) Upon the occurrence of any event contemplated by paragraphs (ii)
     through (v) of Section 2(b) above during the period for which the Company
     is required to maintain an effective Shelf Registration Statement, the
     Company shall promptly prepare and file a post-effective amendment to the
     Shelf Registration Statement or a supplement to the related prospectus and
     any other required document so that, as thereafter delivered to the
     Holders, the prospectus will not contain an untrue statement of a material
     fact or omit to state any material fact required to be stated therein or
     necessary to make the statements therein, in light of the circumstances
     under which they were made, not misleading. If the Company notifies the
     Holders in accordance with paragraphs (ii) through (v) of Section 2(b)
     above to suspend the use of the prospectus until the requisite changes to
     the prospectus have been made, then the Holders shall suspend the use of
     such prospectus, and the period that the Company is required to keep the
     Shelf Registration Statement effective provided for in Section 1(b) above
     shall be extended by the number of days from and including the date of the
     giving of such notice to and including the date when the Holders shall have
     received such amended or supplemented prospectus pursuant to this Section
     2(h).

            (i) The Company will comply with all rules and regulations of the
     Commission to the extent and so long as they are applicable to the Shelf
     Registration and will make available to its security holders, as soon as
     reasonably practicable, an earnings statement covering the period of at
     least twelve months, beginning with the first fiscal quarter beginning
     after the effective date of the Shelf Registration Statement, which
     earnings statement shall satisfy the provisions of Section 11(a) of the
     Securities Act and Rule 158 thereunder (or any similar rule promulgated
     under the Securities Act).

            (j) The Company may require each Holder of the Securities to be sold
     pursuant to the Shelf Registration Statement to furnish to the Company such
     information regarding such Holder and the distribution of such Securities
     as the Company may from time to time reasonably require for inclusion in
     the Shelf Registration Statement, and the Company may exclude from such
     Shelf Registration Statement the Securities of any Holder that fails to
     furnish such information within a reasonable time after receiving such
     request.

            (k) The Company shall enter into such customary agreements
     (including, if requested, an underwriting agreement in customary form) and
     take all such other action, if any, as any Holder shall reasonably request
     in order to facilitate the disposition of Securities pursuant to the Shelf
     Registration in an underwritten offering or otherwise.

            (l) The Company shall: (i) make reasonably available for inspection
     by the Holders, any underwriter participating in any disposition pursuant
     to the Shelf Registration Statement and any attorney, accountant, agent or
     professional retained by the Holders, or any such underwriter and not more
     than one counsel for the Holders, all relevant financial and other records,
     pertinent corporate documents and properties of the Company and (ii) cause
     the Company's officers, directors, employees, counsels, accountants and
     auditors to supply all relevant information reasonably requested by the
     Holders or any such underwriter, attorney, accountant, agent or
     professional in connection with the Shelf Registration Statement, in each
     case as shall be reasonably

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     necessary, in the judgment of such Holder or any such underwriter,
     attorney, accountant, agent or professional referred to in this paragraph,
     to conduct a reasonable investigation within the meaning of Section 11 of
     the Securities Act; provided, however, that the foregoing inspection and
     information gathering shall be coordinated by the Initial Holders and on
     behalf of the other parties by counsel designated by and on behalf of such
     other parties as described in Section 3 hereof; provided further, however,
     that each such party shall be required to maintain in confidence and not to
     disclose to any other person any information or records reasonably
     designated by the Company in writing as being confidential, until such time
     as (A) such information becomes a matter of public record (whether by
     virtue of its inclusion in such registration statement or otherwise), or
     (B) such person shall be required so to disclose such information pursuant
     to a subpoena or order of any court or other governmental agency or body
     having jurisdiction over the matter (subject to the requirements of such
     order, and only after such person shall have given the Company prompt prior
     written notice of such requirement and the opportunity to contest the same
     or seek an appropriate protective order), or (C) such information is
     required to be set forth in such registration statement or the prospectus
     included therein or in an amendment to such registration statement or an
     amendment or supplement to such prospectus in order that such registration
     statement, prospectus, amendment or supplement, as the case may be, does
     not contain an untrue statement of a material fact or omit to state therein
     a material fact required to be stated therein or necessary to make the
     statements therein not misleading.

            (m) The Company, if requested by any Holder of the Securities
     registered in the Shelf Registration Statement, shall use its best efforts
     to cause (i) its counsel to deliver an opinion and updates thereof relating
     to the Securities in customary form addressed to the selling Holders of the
     applicable Securities or the managing underwriters, if any, thereof and
     dated, in the case of the initial opinion, the effective date of such Shelf
     Registration Statement, it being agreed that the matters to be covered by
     such opinion shall include, without limitation, the due incorporation and
     good standing of the Company and its subsidiaries; the due authorization,
     execution and delivery of the relevant agreement of the type referred to in
     Section 3(k) hereof; the due authorization and issuance of the Securities;
     the absence of material legal or governmental proceedings involving the
     Company; the absence of governmental approvals required to be obtained in
     connection with the Shelf Registration Statement, the offering and sale of
     the Securities or any agreement of the type referred to in Section 3(k)
     hereof; the compliance as to form of such Shelf Registration Statement and
     any documents incorporated by reference therein with the requirements of
     the Securities Act; and, as of the date of the opinion and as of the
     effective date of the Shelf Registration Statement or most recent post
     effective amendment thereto, as the case may be, the absence from such
     Shelf Registration Statement and the prospectus included therein, as then
     amended or supplemented, and from any documents incorporated by reference
     therein, of any untrue statement of a material fact or the omission to
     state therein a material fact required to be stated therein or necessary to
     make the statements therein not misleading (in the case of any such
     documents, in light of the circumstances existing at the time that such
     documents were filed with the Commission under the Securities Exchange Act
     of 1934, as amended (the "Exchange Act")), all subject to customary
     assumptions and qualifications and otherwise in form and content customary
     for similar opinions; (ii) its officers to execute and deliver all

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     customary documents and certificates and updates thereof requested by
     the selling Holders of their respective Securities or any underwriters of
     their respective Securities; and (iii) its independent public accountants
     to provide to the selling Holders of their respective Securities and any
     underwriter therefor an agreed upon procedure letter or a comfort letter,
     as applicable, in each case, in customary form and covering matters of the
     type customarily covered in comfort letters in connection with primary
     underwritten offerings.

            (n) The Company shall use its best efforts to take all other steps
     necessary to effect the registration of the Securities covered by the Shelf
     Registration Statement contemplated hereby.

            3. Registration Expenses. The Company shall bear all fees and
expenses incurred in connection with the performance of its obligations under
Sections 1 and 2 hereof, whether or not the Shelf Registration Statement is
filed or becomes effective, and, shall bear or reimburse the Holders of the
Securities covered thereby for the reasonable fees and disbursements of one firm
of counsel designated by the Holders of a majority of the Securities, excluding
the Warrants, covered thereby to act as counsel for the Holders in connection
therewith.

            4. Indemnification.

            (a) The Company shall indemnify and hold harmless each Holder and
     each person, if any, who controls such Holder within the meaning of the
     Exchange Act from and against any losses, claims, damages or liabilities,
     joint or several, or any actions in respect thereof (including, but not
     limited to, any losses, claims, damages, liabilities or actions relating to
     purchases and sales of the Securities) to which each Indemnified Party may
     become subject under the Securities Act, the Exchange Act, "blue sky" laws
     of the states of the United States or otherwise, insofar as such losses,
     claims, damages, liabilities or actions arise out of or are based upon any
     untrue statement or alleged untrue statement of a material fact contained
     in the Shelf Registration Statement or any prospectus included therein or
     in any amendment or supplement thereto, or arise out of, or are based upon,
     the omission or alleged omission to state therein a material fact required
     to be stated therein or necessary to make the statements therein not
     misleading. The Company shall reimburse, as incurred, each Indemnified
     Party for any legal or other expenses reasonably incurred by it in
     connection with investigating or defending any such loss, claim, damage,
     liability or action in respect thereof. The Company shall not, however, be
     liable in any such case to the extent that such loss, claim, damage,
     liability or action arises out of or is based upon any untrue statement or
     alleged untrue statement or omission or alleged omission made in the Shelf
     Registration Statement or any prospectus included therein or in any
     amendment or supplement thereto or in any preliminary prospectus relating
     to the Shelf Registration in reliance upon and in conformity with written
     information pertaining to such Holder and furnished to the Company by or on
     behalf of such Holder specifically for inclusion therein ("Holder
     Information"), except to the extent that any untrue statement or alleged
     untrue statement or omission or alleged omission therein results (or is
     alleged to have resulted) directly from an error in written information
     furnished by the Company to such Holder that was used in the preparation of

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     such Holder Information. The Company shall also indemnify underwriters,
     selling brokers, dealer managers and similar securities industry
     professionals participating in the distribution (in each case as described
     in the Shelf Registration Statement), their officers and directors and each
     person who controls such persons within the meaning of the Securities Act
     or the Exchange Act to the same extent as provided above with respect to
     the indemnification of the Holders if requested by such Holders.

            (b) Each Holder, severally and not jointly, will indemnify and hold
     harmless the Company and each person, if any, who controls the Company
     within the meaning of the Securities Act or the Exchange Act from and
     against any losses, claims, damages, liabilities or actions in respect
     thereof to which the Company or any such controlling person may become
     subject under the Securities Act, the Exchange Act, "blue sky" laws of the
     states of the United States or otherwise, insofar as such losses, claims,
     damages, liabilities or actions arise out of or are based upon any untrue
     statement or alleged untrue statement of a material fact contained in the
     Shelf Registration Statement or any prospectus included therein or in any
     amendment or supplement thereto or in any preliminary prospectus relating
     to the Shelf Registration, or arise out of or are based upon the omission
     or alleged omission to state therein a material fact necessary to make the
     statements therein not misleading, but in each case only to the extent that
     the untrue statement or alleged untrue statement or omission or alleged
     omission was made in reliance upon and in conformity with Holder
     Information furnished to the Company by or on behalf of such Holder
     specifically for inclusion therein, except to the extent that any untrue
     statement or alleged untrue statement or omission or alleged omission
     therein results (or is alleged to have resulted) directly from an error in
     written information furnished by the Company to such Holder that was used
     in the preparation of such Holder Information; and, subject to the
     limitations set forth immediately preceding this clause, shall reimburse,
     as incurred, the Company for any legal or other expenses reasonably
     incurred by the Company or any controlling person in connection with
     investigating or defending any loss, claim, damage, liability or action in
     respect thereof. This indemnity agreement will be in addition to any
     liability which such Holder may otherwise have to the Company and any of
     its controlling persons.

            (c) Promptly after receipt by an Indemnified Party under this
     Section 4 of notice of the commencement of any action or proceeding
     (including a governmental investigation), such Indemnified Party will, if a
     claim in respect thereof is to be made against an Indemnifying Party under
     this Section 4, notify the Indemnifying Party of the commencement thereof;
     but the omission to so notify the Indemnifying Party will not, in any
     event, relieve the Indemnifying Party from any obligations to any
     Indemnified Party including the indemnification obligation provided in
     paragraph (a) or (b) above. In case any such action is brought against any
     Indemnified Party, and it notifies the Indemnifying Party of the
     commencement thereof, the Indemnifying Party will be entitled to
     participate therein and, to the extent that it may wish, jointly with any
     other Indemnifying Party similarly notified, to assume the defense thereof,
     with counsel reasonably satisfactory to such Indemnified Party (who shall
     not, except with the consent of the Indemnified Party, be counsel to the
     Indemnifying Party), and after notice from the Indemnifying Party to such
     Indemnified Party of its election to assume the defense thereof, the
     Indemnifying Party will not be liable to such Indemnified Party under this
     Section 4 for any legal or

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     other expenses, other than reasonable costs of investigation, subsequently
     incurred by such Indemnified Party in connection with the defense thereof.
     No Indemnifying Party shall, without the prior written consent of the
     Indemnified Party, effect any settlement of any pending or threatened
     action in respect of which any Indemnified Party is or could have been a
     party and indemnity could have been sought hereunder by such Indemnified
     Party unless such settlement includes an unconditional release of such
     Indemnified Party from all liability on any claims that are the subject
     matter of such action.

            (d) If the indemnification provided for in this Section 4 is
     unavailable or insufficient to hold harmless an Indemnified Party, then
     each Indemnifying Party shall contribute to the amount paid or payable by
     such Indemnified Party as a result of the losses, claims, damages or
     liabilities referred to in this Section 4 an amount or additional amount,
     as the case may be, in such proportion as is appropriate to reflect the
     relative fault of the Indemnifying Party or parties on the one hand and the
     Indemnified Party on the other in connection with the statements or
     omissions which resulted in such losses, claims, demands or liabilities as
     well as any other relevant equitable considerations. The relative fault
     shall be determined by reference to, among other things, whether the untrue
     or alleged untrue statement of a material fact or the omission or alleged
     omission to state a material fact relates to information supplied by the
     Indemnifying Party on the one hand or the Indemnified Party on the other
     and the parties' relative intent, knowledge, access to information and
     opportunity to correct or prevent such untrue statement or omission. The
     amount paid to an Indemnified Party as a result of the losses, claims,
     damages or liabilities referred to in the first sentence of this Section 4
     shall be deemed to include any legal or other expenses reasonably incurred
     by such Indemnified Party in connection with investigating or defending any
     action or claim which is the subject of this Section 4. Notwithstanding any
     other provision of this Section 4, no Holder shall be required to
     contribute any amount in excess of the amount by which the net proceeds
     received by such Holder from the sale of Securities pursuant to the Shelf
     Registration Statement exceeds the amount of damages that such Holder
     otherwise would have been required to pay by reason of such untrue
     statement or alleged untrue statement or omission or alleged omission. No
     person guilty of fraudulent misrepresentation within the meaning of Section
     11(f) of the Securities Act shall be entitled to contribution from any
     person who was not guilty of such fraudulent misrepresentation.

            (e) The agreements contained in this Section 4 shall survive the
     sale of the Securities pursuant to the Shelf Registration Statement and
     shall remain in full force and effect, regardless of any termination or
     cancellation of this Agreement or any investigation made by or on behalf of
     any Indemnified Party.

            5. Rules 144 and 144A. The Company shall use its commercially
reasonable efforts to file the reports required to be filed by it under the
Securities Act and the Exchange Act in a timely manner and, if at any time the
Company is not required to file such reports, it will, upon the request of any
Holder of Transfer Restricted Securities, make publicly available other
information so long as necessary to permit sales of their Securities pursuant to
Rules 144 and 144A. The Company covenants that it will take such further action
as any Holder of Transfer Restricted Securities may reasonably request, all to
the extent required from time to time to enable such Holder to sell Transfer
Restricted Securities without registration under the Securities

                                       8
<PAGE>

Act within the limitation of the exemptions provided by Rules 144 and 144A
(including the requirements of Rule 144A(d)(4)). The Company will provide a copy
of this Agreement to prospective purchasers of Transfer Restricted Securities
identified to the Company upon request. Upon the request of any Holder of
Transfer Restricted Securities in connection with that Holder's sale pursuant to
Rule 144 or Rule 144A, the Company shall deliver to such Holder a written
statement as to whether the Company has complied with such requirements.

            6. Underwritten Registrations. If any of the Transfer Restricted
Securities covered by the Shelf Registration is to be sold in an underwritten
offering, the managing underwriters will be selected by the Holders of a
majority of such Transfer Restricted Securities, excluding the Warrants, to be
included in such offering.

            No person may participate in any underwritten registration hereunder
unless such person (i) agrees to sell such person's Transfer Restricted
Securities on the basis reasonably provided in any underwriting arrangements
approved by the persons entitled hereunder to approve such arrangements and (ii)
completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms
of such underwriting arrangements.

            7. Definitions: All capitalized terms not otherwise defined herein
shall have the meanings ascribed to them in the Plan.

            "Holder" means the Initial Holders and any person or entity to whom
Transfer Restricted Securities are validly transferred by an Initial Holder or a
Holder pursuant to an exemption from the registration requirements of the
Securities Act other than Rule 144 promulgated under the Securities Act, in each
case, for so long as they own Transfer Restricted Securities.

            "Indemnified Party" means a party entitled to indemnity in
accordance with Section 4.

            "Indemnifying Party" means a party obligated to provide indemnity in
accordance with Section 4.

            "Securities" means the Common Stock, the Warrants, shares of Common
Stock that a Holder is entitled to receive upon exercise of the Warrants and any
securities issued or issuable with respect to any other Securities by way of
stock dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization or otherwise.

            "Transfer Restricted Securities" means Securities issuable to the
Initial Holders under the Plan until (i) the date on which such Securities have
been effectively registered under the Securities Act and sold or otherwise
transferred in accordance with the Shelf Registration Statement; (ii) the date
on which such Securities are sold pursuant to Rule 144 under the Securities Act
under circumstances in which any legend borne by such Securities relating to
restrictions on transferability thereof is removed or such Securities are
eligible to be sold pursuant to paragraph (k) of Rule 144; or (iii) such
Securities shall cease to be outstanding.

                                       9
<PAGE>

            8. Miscellaneous.

            (a) Amendments and Waivers. The provisions of this Agreement may not
     be amended, modified or supplemented, and waivers or consents to departures
     from the provisions hereof may not be given, except by the Company and with
     the written consent of the Holders of 75% of then outstanding Securities
     affected by such amendment, modification, supplement, waiver or consent.

            (b) Notices. All notices and other communications provided for or
     permitted hereunder shall be made in writing by hand delivery, first-class
     mail, facsimile transmission or air courier which guarantees overnight
     delivery:

            (1) if to a Holder, at the most current address given by such Holder
     to the Company in accordance with the provisions of this Section 8(b),
     which address initially is, with respect to each Holder, the address of
     such Holder to which confirmation of the issuance of Securities to such
     Holder was first sent by the Company with copies in like manner as follows:

                        Cadwalader, Wickersham & Taft
                        100 Maiden Lane
                        New York, New York 10038
                        Fax No.:   (212) 504-6666
                        Attention: Bruce Zirinsky

            (2) if to the Company at the Company's address as follows:

                        Pathmark Stores, Inc.
                        200 Milik Street M-207
                        Carteret, NJ 07008
                        Fax No.:   (732) 499-3460
                        Attention: Marc Strassler

            with a copy to:

                        Shearman & Sterling
                        599 Lexington Avenue
                        New York, NY 10022-6069
                        Fax No.:   (212) 848-7179
                        Attention: Douglas Bartner

            All such notices and communications shall be deemed to have been
      duly given: at the time delivered by hand, if personally delivered; three
      business days after being deposited in the mail, postage prepaid, if
      mailed; when receipt is acknowledged by recipient's facsimile machine
      operator, if sent by facsimile transmission; and on the day delivered, if
      sent by overnight air courier guaranteeing next day delivery.

            (c) No Inconsistent Agreements. The Company has not, as of the date
     hereof, entered into, nor shall it, on or after the date hereof, enter
     into, any agreement with

                                       10
<PAGE>

     respect to its Securities that is inconsistent with the rights granted to
     the Holders herein or that otherwise conflicts with the provisions hereof.

            (d) Successors and Assigns. This Agreement shall be binding upon the
     Company and its respective successors and assigns; provided, however, that
     no successor or assign may exercise any rights under this Agreement unless
     such successor or assign agrees in writing to be bound by the provisions
     hereof.

            (e) Headings. The headings in this Agreement are for convenience of
     reference only and shall not limit or otherwise affect the meaning hereof.

            (f) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND
     CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT
     REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

            (g) Severability. If any one or more of the provisions contained
     herein, or the application thereof in any circumstance, is held invalid,
     illegal or unenforceable, the validity, legality and enforceability of any
     such provision in every other respect and of the remaining provisions
     contained herein shall not be affected or impaired thereby.

            (h) Counterparts. This Agreement may be executed in any number of
     counterparts and by different parties hereto on separate counterparts, each
     of which when so executed and delivered shall be an original, but all of
     which shall together Constitute one and the same instrument.

                 [Remainder of Page Left Intentionally Blank]

                                       11
<PAGE>

            If the foregoing is in accordance with your understanding of our
agreement, please sign and return to Pathmark Stores, Inc. a counterpart hereof,
whereupon this Agreement will become a binding agreement among the Company and
the Initial Holders in accordance with its terms.

                                       Very truly yours,

                                       PATHMARK STORES, INC.

                                       By:
                                          ---------------------------------
                                          Name:
                                          Title:

<PAGE>

                        The foregoing Registration Rights
                        Agreement is hereby confirmed
                        and accepted as of the date first
                        above written.

                        Initial Holders

                        FIDELITY MANAGEMENT & RESEARCH COMPANY
                              on behalf of managed funds

                        By:
                           ----------------------------------------------
                           Name:
                           Title:

                        FIDELITY MANAGEMENT TRUST COMPANY
                              on behalf of managed accounts

                        By:
                           ----------------------------------------------
                           Name:
                           Title:

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