Document:

EXHIBIT
10.2

 

ASSIGNMENT
AND AGREEMENT

 

THIS
ASSIGNMENT AND AGREEMENT (this "Agreement") is made as of February , 2012, by and among the parties identified
on Schedule Al hereto (each a "Secured Creditor" and, collectively, "Secured Creditors"),
GoGreen Power, Inc. a Delaware corporation ("GoGreen"), and, for purposes of Section 2 only, Alpha Capital
Anstalt, as Collateral Agent under the Security Agreement (as such terms are defined below).

 

WHEREAS,
Secured Creditors entered into that certain subscription agreements with EcoReady Corporation, a Florida corporation ("EcoReady"),
pursuant to which, among other things, EcoReady issued to Secured Creditors secured convertible notes which are identified on
Schedule A (the notes on Schedule are referred to as the "Secured Notes");

 

WHEREAS,
in connection with the Secured Notes, Secured Creditors, certain guarantor parties and Alpha Capital Anstalt, as collateral agent
(the "Collateral Agent"), entered into that certain Security Agreement dated as of December 23, 2010 (the "Security
Agreement"), pursuant to which Secured Creditors obtained a validly perfected, fully enforceable security interest in
the collateral referenced therein;

 

WHEREAS,
EcoReady defaulted upon the Secured Notes and Secured Creditors, EcoReady, Collateral Agent and GoGreen intend to enter into an
Agreement to Accept Collateral in Satisfaction of Obligations (the "Satisfaction Agreement"), pursuant to which
EcoReady will transfer to GoGreen the assets identified on Schedule B (the "Collateral") in full satisfaction of EcoReady's
obligations under a portion of the Secured Notes as described on Schedule A2 ("Foreclosing Secured Notes") notwithstanding
that the amount of principal, interest and other amounts due under the Foreclosing Secured Notes greatly exceeds the value of
the Collateral; and 

 

WHEREAS,
in connection with the Satisfaction Agreement, Secured Creditors wish to assign their respective interests in the Foreclosing
Secured Notes, the Security Agreement as related to the Foreclosing Secured Notes and the Collateral to GOGREEN, as described
herein.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be
legally bound, the parties hereto agree as follows:

 

1.         Assignment
to GoGreen. Secured Creditors hereby contribute, convey, transfer and assign to GOGREEN, and GOGREEN hereby accepts, all of
Secured Creditors' rights under the Foreclosing Secured Notes, the Security Agreement as related to the Foreclosing Secured Notes
and the Collateral.

 

2.         Perfection;
Collateral Agent. Secured Creditors hereby direct Collateral Agent, and Collateral Agent agrees, to make all filings and take
all actions necessary or advisable to record and perfect the assignment described in Section 1 and to otherwise give effect
to this Agreement. Collateral Agent (a) consents to the assignment described in Section 1 and (b)
assigns to GoGreen all of the Collateral Agent's rights under the Security Agreement. Collateral Agent hereby acknowledges and
agrees to the provisions of this Section 2 by signing below.

 

    	 

    	 

    

 

3.         Initial
Equity Interests in GoGreen. In connection with the assignment described in Section
1, Secured Creditors shall be issued the following shares of GoGreen common stock:

 

	Secured
    Creditor	 	Shares
	Alpha Capital Anstalt	 	88
	Chestnut Ridge Partners LP	 	86
	Whalehaven Capital Funds, Ltd.	 	80
	Mulkey II Limited Partnership	 	24
	Richard G. David	 	12
	Barbara Stone Irrevocable Trust	 	8
	Philip W. David	 	8
	Jayakumar & Purnima Patil	 	6
	Austin Gleason	 	5
	Donald Smith	 	5
	Neurological Surgery Associates	 	5
	Nunley Investments, LLC	 	5
	Rising Star Investments, LLC	 	5
	J. Truman Bidwell Jr.	 	4
	Leonard Schiller	 	4
	Martha Berkowicz	 	4
	Rosamond Janis	 	2

  

4.         Effect
of Termination of Satisfaction Agreement. If the Satisfaction Agreement is terminated pursuant to its terms, then this Agreement
shall be terminated and be deemed to have no force or effect, in which case, without limiting the foregoing, (i) Secured Creditors
shall retain their interests in the Foreclosing Secured Notes, the Security Agreement and the Collateral, (ii) the assignment
described herein shall be deemed never to have occurred and (iii) Secured Creditors shall not be entitled to any equity interests
in GoGreen as a result of the terms of this Agreement. 

 

5.        Representations
and Warranties of Secured Creditors. Each Secured Creditor hereby represents and warrants to each of the other Secured Creditors
and to GoGreen as follows: 

 

            5.1         Private
Placement. 

 

                          (a)Secured
Creditor understands that the issuance of equity interests of GoGreen (the "Equity") is intended to be exempt
from registration under the Securities Act of 1933, as amended, and the rules and regulations thereunder (the "1933 Act")
and (ii) there is no existing public or other market for the Equity and there can be no assurance that Secured Creditor will ever
be able to sell or dispose of such Equity.

 

    	2

    	 

    

  

                          (b)The
Equity to be acquired by Secured Creditor pursuant to this Agreement is being acquired for Secured Creditor's own account and
without a view to the distribution of such Equity. Secured Creditor is an "accredited investor," as such term is defined
in Regulation D under the 1933 Act. Secured Creditor is not a broker-dealer subject to Regulation T of the Federal Reserve Board.

 

                          (c)Secured
Creditor has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits
and risks of its investment in the Equity and is capable of bearing the economic risks of such investment, including a complete
loss of its investment in the Equity.

 

                          (d)Secured
Creditor has been given the opportunity to ask questions of, and receive answers from, the other Secured Creditors and GoGreen
concerning the terms and conditions of the Equity and other related matters. Secured Creditor further represents and warrants
to GoGreen that GoGreen has made available to Secured Creditor or its agents all documents and information relating to the Equity.
In evaluating its investment in the Equity, Secured Creditor has not relied upon any representations or other information (whether
oral or written) made by or on behalf of GoGreen.

 

            5.2         Authority.,
No Other Action. The execution, delivery and performance of this Agreement are within the powers of Secured Creditor (corporate
or otherwise) and have been duly authorized on its part by all requisite action (corporate or otherwise). No action by or in respect
of, or filing with, any governmental authority is required for the execution, delivery and performance of this Agreement by Secured
Creditor. This Agreement has been duly executed and delivered by Secured Creditor and constitutes a legal, valid and binding agreement
of Secured Creditor, enforceable against Secured Creditor in accordance with its terms. 

 

6.        Indemnification.
Each Secured Creditor shall indemnify and hold harmless each of the other Secured Creditors and GoGreen, and each of their respective
affiliates, in respect of any and all debts, obligations and other liabilities (whether absolute, accrued, contingent, fixed or
otherwise, or whether known or unknown, or due or to become due or otherwise), monetary damages, fines, fees, penalties, interest
obligations, deficiencies, diminutions in value of assets, losses and expenses (including amounts paid in settlement, court costs,
costs of investigators, reasonable fees and expenses of attorneys, accountants, financial advisors and other experts, and other
expenses of litigation) incurred or suffered by each of the other Secured Creditors, GOGREEN or any of their respective affiliates
resulting from, relating to, constituting or arising out of a breach of the representations and warranties made by such Secured
Creditor in this Agreement. 

 

7.        Miscellaneous.

 

           7.1         Neither
this Agreement nor any of the rights, interests or obligations hereunder may be assigned by any party without the prior written
consent of the other parties. A change in control of a party or a transfer of all or substantially all a party's assets shall
constitute an assignment for such purposes. Without limiting the foregoing, this Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective permitted successors and assigns.

 

    	3

    	 

    

 

           7.2         This
Agreement is governed by and is to be construed and enforced as though made and to be fully performed in the State of New York,
without regard to conflicts of law rules. Any and all disputes are to be resolved in the courts of the state of New York located
in New York County.

 

           7.3         This
Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an
instrument in writing signed on behalf of each party and otherwise as expressly set forth herein.

 

           7.4         No
failure or delay of any party in exercising any right or remedy hereunder shall operate as a waiver thereof Any agreement on the
part of any party to any waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized
officer on behalf of such party.

 

           7.5         This
Agreement shall not be construed so as to confer any right or benefit upon any person or entity other than the parties to this
Agreement and their respective permitted successors and assigns.

 

           7.6         In
case one or more of the provisions contained in this Agreement are for any reason held to be invalid, illegal or unenforceable
in any respect under any law in any jurisdiction, the invalidity, illegality, or unenforceability will not affect any other provisions
of this Agreement, which will be construed as if contained in this Agreement, and each illegal, invalid or unenforceable provision
will be construed as broadly as may be possible so that the original intent of the parties is given effect to the greatest extent
possible.

 

           7.7         This
Agreement may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original but all
of which taken together shall constitute one and the same agreement.

 

[Signature
Page Follows.]

 

    	4

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their respective names and by their duly authorized
officers, as of the date first written above.

 

	ALPHA
    CAPITAL ANSTALT	 	WHALEHAVEN
    CAPITAL FUND LTD
	/s/ Konrad Ackermann 	 	/s/ Vadim Mats 
	Name:
    Konrad Ackermann	 	Name:
    Vadim Mats
	Title:
    Director	 	Title:
    CFO
	 	 	 
	CHESTNUT
    RIDGE PARTNERS LP	 	MULKEY
    II LIMITED PARTNERSHIP
	/s/ Kenneth Holz 	 	/s/
    David A Mulkey
	Name:
    Kenneth Holz	 	Name:
     David A Mulkey
	Title:
    CFO	 	Title General
    Partner
	 	 	 
	RICHARD
    G. DAVID	 	BARBARA
    STONE (Irrevocable Trust)
	/s/
    RICHARD G. DAVID	 	/s/
    Joel Stone
	 	 	 
	PHILIP
    W. DAVID	 	JAYAKUMAR
    & PURNIMA PATIL
	/s/
    PHILIP W. DAVID	 	/s/
    Jayakumar & Purnima Patil
	 	 	 
	AUSTIN
    GLEASON	 	DONALD
    SMITH
	/s/
    AUSTIN GLEASON	 	/s/
    DONALD SMITH
	 	 	 
	NEUROLOGICAL
    SURGERY ASSOCIATES	 	NUNLEY
    INVESTMENTS, LLC
	/s/ James Adametz  	 	/s/
    Pierce D Nunley
	Name: James Adametz 	 	Name:
    Pierce D Nunley
	Title:	 	Title
     Manager
	 	 	 
	J.
    TRUMAN BIDWELL, JR.	 	LEONARD
    SCHILLER
	/s/
    J. Truman Bidwell Jr.	 	/s/
    Leonard Schiller
	 	 	 
	MARTA
    BERKOWICZ	 	ROSAMOND
    JANIS
	/s/
    Marta Berkowicz	 	/s/
    Rosamond Janis
	 	 	 
	RISING
    STAR INVESTMENTS, LLC	 	 
	/s/
    Eubulus J. Kerr	 	 
	Name:
    Eubulus J. Kerr	 	 
	Title:
    Member	 	 

 

GOGREEN

  

	GoGreen
                                         Power, Inc.	 	 
	

/s/ Mark Shefts	 	 
	Name:
    Mark Shefts	 	 
	Title:
    CEO	 	 
	 	 	 
	 	 	/s/ Konrad Ackermann
	 	 	ALPHA
    CAPITAL ANSTALT

  

Agreed
and Acknowledged

 

	EcoReady
                                         Corporation	 	 
	/s/
    B. Rubizhevsky	 	 
	By:
    Boris Rubizhevsky	 	 
	Its:
    CEO	 	 

  

    	5

    	 

    

 

SCHEDULE
Al 

 

	SECURED CREDITOR	 	NOTE PRINCIPAL	 	 	ISSUE DATE	 
	Alpha Capital Anstalt ("Alpha")	 	$	219,600.00	 	 			 
	Whalehaven Capital Fund, Ltd. ("Whalehaven")	 	$	215,600.00	 	 	 	 	 
	Chestnut Ridge Partners LP ("Chestnut")	 	$	199,600.00	 	 	 	 	 
	Mulkey II Limited Partnership	 	$	150,000.00	 	 	 	 	 
	Richard G. David	 	$	75,000.00	 	 	 	 	 
	J. Truman Bidwell Jr.	 	$	25,000.00	 	 	 	 	 
	Leonard Schiller	 	$	25,000.00	 	 	 	 	 
	Martha Berkowicz	 	$	25,000.00	 	 	 	 	 
	Neurological Surgery Associates	 	$	30,000.00	 	 	 	 	 
	Nunley Investments, LLC	 	$	30,000.00	 	 	 	 	 
	Philip W. David	 	$	50,000.00	 	 	 	 	 
	Rising Star Investments, LLC	 	$	30,000.00	 	 	 	 	 
	Austin Gleason	 	$	30,000.00	 	 	 	 	 
	Barbara Stone (Irrevocable Trust)	 	$	50,000.00	 	 	 	 	 
	Donald Smith	 	$	30,000.00	 	 	 	 	 
	Jayakumar & Purnima Patil	 	$	35,000.00	 	 	 	 	 
	Rosamond Janis	 	$	15,000.00	 	 	 	 	 
	Alpha	 	$	219,600.00	 	 	 	 	 
	Chestnut	 	$	215,600.00	 	 	 	 	 
	Whalehaven	 	$	199,600.00	 	 	 	 	 
	Alpha	 	$	20,000.00	 	 	 	 	 
	Whalehaven	 	$	20,000.00	 	 	 	 	 
	Alpha	 	$	14,000.00	 	 	 	 	 
	Chestnut	 	$	12,000.00	 	 	 	 	 
	Whalehaven	 	$	12,000.00	 	 	 	 	 
	TOTAL	 	$	1,947,600.00	 	 	 	 	 

 

    	 

    	 

    

 

SCHEDULE
A2

 

	SECURED CREDITOR	 	NOTE PRINCIPAL	 	 	ISSUE DATE	 
	Alpha Capital Anstalt ("Alpha")	 	$	87,840.00	 	 			 
	Whalehaven Capital Fund, Ltd. ("Whalehaven")	 	$	86,240.00	 	 	 	 	 
	Chestnut Ridge Partners LP ("Chestnut")	 	$	79,840.00	 	 	 	 	 
	Mulkey II Limited Partnership	 	$	60,000.00	 	 	 	 	 
	Richard G. David	 	$	30,000.00	 	 	 	 	 
	J. Truman Bidwell	 	$	10,000.00	 	 	 	 	 
	Leonard Schiller	 	$	10,000.00	 	 	 	 	 
	Martha Berkowicz	 	$	10,000.00	 	 	 	 	 
	Neurological Surgery Associates	 	$	12,000.00	 	 	 	 	 
	Nunley Investments	 	$	12,000.00	 	 	 	 	 
	Philip W. David	 	$	20,000.00	 	 	 	 	 
	Rising Star	 	$	12,000.00	 	 	 	 	 
	Austine Gleason	 	$	12,000.00	 	 	 	 	 
	Barbara Stone	 	$	20,000.00	 	 	 	 	 
	Donald Smith	 	$	12,000.00	 	 	 	 	 
	Jayakumar & Purnima Patil	 	$	14,000.00	 	 	 	 	 
	Michel & Rosamond Janis	 	$	6,000.00	 	 	 	 	 
	Alpha	 	$	87,840.00	 	 	 	 	 
	Chestnut	 	$	86,240.00	 	 	 	 	 
	Whalehaven	 	$	79,840.00	 	 	 	 	 
	Alpha	 	$	8,000.00	 	 	 	 	 
	Whalehaven	 	$	8,000.00	 	 	 	 	 
	Alpha	 	$	5,600.00	 	 	 	 	 
	Chestnut	 	$	4,800.00	 	 	 	 	 
	Whalehaven	 	$	4,800.00	 	 	 	 	 
	TOTAL	 	$	779,040.00	 	 	 	 	 

  

SCHEDULE
B 

 

I.The
business related to the sale of GoGreenPowered batteries

 

2.Wordmark
"GoGreenPower" Serial number 3710192 

 

3.Customer
List attached hereto as exhibit B 

 

4.The
inventory listed on exhibit CExhibit 10.1

 

Execution Version

 

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

AND SENIOR SUBSIDIARY SECURITY AGREEMENT

 

This FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of February 10, 2015, is made by and among Rite Aid Corporation, a Delaware corporation (the “Borrower”), the Lenders under (and as defined in) the Credit Agreement referred to below that are parties hereto (the “Signing Lenders”), and Citicorp North America, Inc. (“Citi”), as administrative agent and collateral agent (in such capacities, the “Administrative Agent”).

 

WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to that certain Credit Agreement, dated as of June 27, 2001, as amended and restated as of January 13, 2015 (as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”); capitalized terms used but not defined herein (including in the preamble and recitals) shall have the same meanings specified in the Credit Agreement;

 

WHEREAS, the Borrower, each of the Subsidiary Guarantors party thereto and the Administrative Agent are parties to that certain Senior Subsidiary Security Agreement, dated as of June 27, 2001, as amended and restated as of June 5, 2009 (the “Security Agreement”);

 

WHEREAS, the Borrower has requested that the Lenders agree to certain amendments to the Credit Agreement and the Security Agreement as more fully described in this Agreement; and

 

WHEREAS, the Administrative Agent and the Lenders are willing to agree to the foregoing amendments on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in consideration of the undertakings set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Section 1.              Amendments to Credit Agreement. The Credit Agreement is, effective as of the date hereof and subject to satisfaction of the conditions precedent set forth in Section 4 hereof, hereby amended as follows:

 

(a)           Section 1.01 of the Credit Agreement is hereby amended by adding the following defined terms thereto in the appropriate alphabetical order:

 

““Eagle Acquisition Agreement” means that certain Agreement and Plan of Merger by and among the Borrower, Eagle Merger Sub 1 LLC, Eagle Merger Sub 2 LLC, TPG VI Envision BL, LLC, Envision Topco Holdings, LLC and Shareholder Representative Services LLC.”

 

““Eagle Intercompany Obligations” means intercompany obligations between Persons acquired under the Eagle Acquisition Agreement that require payments out of the proceeds of certain receivables identified in the Eagle Acquisition Agreement relating to payments by the Centers for Medicare & Medicaid Services within the U.S. Department of Health and Human Services.”

 

““Escrow Notes” means Indebtedness consisting of debt securities issued by the Borrower or by an Escrow Notes Issuer, which debt securities (i) in the case of debt

 

 

securities issued by an Escrow Notes Issuer, shall require the proceeds or substantially all the proceeds of such debt securities to be held as security for the repayment of such debt securities, or to be held in escrow, pending satisfaction or waiver of certain conditions set forth in the documentation governing such debt securities, (ii) in the case of debt securities issued by an Escrow Notes Issuer, shall, other than Guarantees in respect of interest thereon, fees, and customary indemnities, provide recourse solely to the assets of such Escrow Notes Issuer and (iii) shall be subject to mandatory redemption or prepayment if the conditions set forth in the documentation governing such debt securities are not satisfied by the date specified in such documentation; provided that in the case of debt securities issued by an Escrow Notes Issuer, upon satisfaction or waiver of such conditions, such Escrow Notes Issuer shall merge with and into the Borrower with the Borrower being the surviving corporation, and becoming the issuer under such debt securities, and such debt securities shall, after giving effect to such merger, constitute Permitted Unsecured Indebtedness which does not mature or require scheduled payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is originally incurred as Escrow Notes; provided further that in the case of debt securities issued by the Borrower, upon satisfaction or waiver of such conditions, such debt securities shall constitute Permitted Unsecured Indebtedness which does not mature or require scheduled payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is originally incurred as Escrow Notes; and provided further that, at the time such Escrow Notes (excluding any Escrow Notes issued in anticipation of funding the transactions contemplated under the Eagle Acquisition Agreement, it being understood that, in the event such transactions are abandoned, such amount may be permitted to be used as contemplated in Section 6.08(b)(x)) are issued, a Financial Covenant Effectiveness Period is not in effect.”

 

““Escrow Notes Issuer” means a Subsidiary of the Borrower that issues, or intends to issue, Escrow Notes, and that at the time such Escrow Notes are to be issued, does not own any operating assets.”

 

““First Amendment Agreement” means that certain First Amendment to Amended and Restated Credit Agreement, dated as of February 10, 2015, by and among the Borrower, the Administrative Agent and the Lenders signatory thereto.”

 

(b)           The defined term “Permitted Unsecured Indebtedness” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

““Permitted Unsecured Indebtedness” means unsecured Indebtedness (including Indebtedness incurred under convertible debt instruments) of the Borrower; provided that (a) the terms of any such Indebtedness, and of any agreement entered into and of any instrument issued in connection therewith, are otherwise permitted by the Senior Loan Documents, (b) if such Indebtedness is issued or incurred to refinance existing Indebtedness, such Indebtedness has a maturity that is no earlier than, and a weighted average life that is no shorter than, such existing Indebtedness, (c) [reserved], (d) at the option of the Borrower, such Indebtedness may contain call and make-whole provisions that are market with respect to such type of Indebtedness as of the time of its issuance or incurrence and (e) the senior management of the Borrower determines in good faith that such Indebtedness contains covenants (including with respect to

 

 

amortization and convertibility) and events of default on terms that are market with respect to such type of Indebtedness.”

 

(c)           Clause (c) of the defined term “Prepayment Event” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“(c) the incurrence by the Borrower or any Subsidiary of any Indebtedness, other than (i) Indebtedness described in clauses (i), (ii), (iii), (iv), (v), (vi), (ix), (x), (xi), (xii), (xiii), (xiv), (xv), (xvi), (xvii), (xviii), (xix) and (xxi) of Section 6.01(a), (ii) extensions, renewals, refinancings or replacements of Indebtedness described in clauses (vii), (viii) and (xviii) of Section 6.01(a) and (iii) Indebtedness described in clauses (vii), (viii) and (xviii) of Section 6.01(a) to the extent the proceeds of such Indebtedness are used to fund a Business Acquisition.

 

(d)           Subclauses (b)(iii) through (b)(vii) in the defined term “Refinancing Indebtedness” set forth in Section 1.01 of the Credit Agreement are hereby amended and restated to read in their entirety as follows:

 

“(iii) such Indebtedness has a maturity that is no earlier than, and a weighted average life that is no shorter than, the Refinanced Debt, (iv) [reserved], (v) at the option of the Borrower, such Indebtedness may contain call and make-whole provisions that are market with respect to such type of Indebtedness as of the time of its issuance or incurrence, (vi) if the Refinanced Debt or any Guarantees thereof are subordinated in right of payment to the Senior Loan Obligations, such Indebtedness shall be subordinated in right of payment to the Senior Loan Obligations, on terms no less favorable, taken as a whole, to the holders of the Senior Loan Obligations than the subordination terms of such Refinanced Debt or Guarantees thereof (and no Person that is not a Loan Party has guaranteed such Indebtedness), (vii) unless such Indebtedness is incurred pursuant to this Agreement (including any Refinancing Amendment executed in accordance with Section 6.01(c) or Loan Modification Agreement executed in accordance with Section 9.19), the senior management of the Borrower determines in good faith that such Indebtedness contains covenants (including with respect to amortization and convertibility) and events of default on terms that are market with respect to such type of Indebtedness,”

 

(e)           The defined term “Subsidiary Loan Party” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

““Subsidiary Loan Party” means each Subsidiary set forth on Schedule 1.01 hereto and any wholly-owned Domestic Subsidiary, including any Securitization Vehicle that is a Domestic Subsidiary, that owns any assets consisting of inventory, accounts receivable, intellectual property, or script lists, subject to the terms of Section 5.11; provided that none of (x) any Subsidiary that engages primarily in the pharmacy benefits management business, (y) Envision Insurance Company, an Ohio corporation, or (z) any Escrow Notes Issuer shall be deemed to be, or be required to become, a Subsidiary Loan Party.”

 

(f)            Section 6.01(a)(iii) of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

 

“(iii) Indebtedness of the Borrower and the Subsidiaries in respect of intercompany Investments permitted under Section 6.04; provided that such Indebtedness owing by the Borrower or a Subsidiary Loan Party is subordinated to the Senior Loan Obligations pursuant to terms substantially the same as those forth on Annex 2 hereto;”

 

(g)           Section 6.01(a)(vii) of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“(vii) Permitted Second Priority Debt and Permitted Split-Priority Term Loan Debt incurred under this clause (vii) after the 2013 Restatement Effective Date in an aggregate principal amount, together with the aggregate principal amount of Indebtedness incurred pursuant to clause (viii) of this Section 6.01(a), not in excess of $1,500,000,000 at any time outstanding; provided that the aggregate principal amount of Permitted Second Priority Debt and Permitted Split-Priority Term Loan Debt incurred under this clause which matures or requires scheduled payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is incurred or issued (excluding bridge facilities allowing extensions on customary terms to at least the date that is 90 days after such Latest Maturity Date), together with the aggregate principal amount of any (x) Permitted Unsecured Indebtedness which matures or requires scheduled payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is incurred (excluding bridge facilities allowing extensions on customary terms to at least the date that is 90 days after such Latest Maturity Date) and (y) Disqualified Preferred Stock which is subject to potential mandatory redemption or repurchase prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Disqualified Preferred Stock is issued, in each case incurred or issued under clause (viii) or clause (xviii) of this Section 6.01(a), shall not exceed $750,000,000 at any time outstanding;”

 

(h)           Section 6.01(a)(viii) of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“(viii) Permitted Unsecured Indebtedness and Disqualified Preferred Stock incurred or issued under this clause (viii) after the 2013 Restatement Effective Date in an aggregate principal amount, together with the aggregate principal amount of Indebtedness incurred pursuant to clause (vii) of this Section 6.01(a), not in excess of the sum of (A) $1,500,000,000 at any time outstanding, plus (B) solely to the extent incurred in anticipation of the funding of the transactions contemplated by the Eagle Acquisition Agreement, $300,000,000, it being understood that, in the event such transactions are abandoned, such amount may be permitted to be used as contemplated in Section 6.08(b)(x); provided that the aggregate principal amount of (x) Permitted Unsecured Indebtedness which matures or requires scheduled payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is incurred (excluding bridge facilities allowing extensions on customary terms to at least the date that is 90 days after such Latest Maturity Date and, with respect to any Escrow Notes issued by the Borrower, excluding any special mandatory redemption of the type described in clause (iii) of the definition of Escrow Notes) and (y) Disqualified Preferred Stock issued under this clause which is subject to potential mandatory redemption or repurchase prior to the date that is 90 days after the Latest Maturity Date in effect at the time such

 

 

Disqualified Preferred Stock is issued, together with the aggregate principal amount of any Permitted Second Priority Debt or Split-Priority Term Loan Debt incurred under clause (vii) or clause (xviii) of this Section 6.01(a) which matures or requires scheduled payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is incurred or issued (excluding bridge facilities allowing extensions on customary terms to at least the date that is 90 days after such Latest Maturity Date), shall not exceed $750,000,000 at any time outstanding, and, in the case of such Permitted Unsecured Indebtedness, Refinancing Indebtedness issued in respect thereof;”

 

(i)            Section 6.01(a)(xviii) of the Credit Agreement is hereby amended and restated to read in its entity as follows:

 

“(xviii)(A) Permitted Unsecured Indebtedness and Disqualified Preferred Stock; provided that (1) at the time such Permitted Unsecured Indebtedness or Disqualified Preferred Stock is issued or incurred, a Financial Covenant Effectiveness Period is not in effect; (2) the aggregate principal amount (and in the case of Disqualified Preferred Stock, liquidation value) of (x) Permitted Unsecured Indebtedness issued under this clause which matures or requires scheduled payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is incurred (excluding bridge facilities allowing extensions on customary terms to at least the date that is 90 days after such Latest Maturity Date and, with respect to any Escrow Notes issued by the Borrower, excluding any special mandatory redemption of the type described in clause (iii) of the definition of Escrow Notes) and (y) Disqualified Preferred Stock issued under this clause which is subject to potential mandatory redemption or repurchase prior to the date which is 90 days after the Latest Maturity Date in effect at the time such Disqualified Preferred Stock is issued, together with the aggregate principal amount of any Permitted Second Priority Debt or Split-Priority Term Loan Debt incurred under clause (vii) of this Section 6.01(a) and Permitted Unsecured Indebtedness incurred under clause (viii) of this Section 6.01(a) which matures or requires schedule payments of principal prior to the date that is 90 days after the Latest Maturity Date in effect at the time such Indebtedness is incurred or issued (excluding bridge facilities allowing extensions on customary terms to at least the date that is 90 days after such Latest Maturity Date), shall not exceed $750,000,000 at any time outstanding and (3) Escrow Notes issued by an Escrow Notes Issuer under clause (xxi) of this Section 6.01(a) shall be deemed to be incurred under this clause (xviii) following satisfaction or waiver of the conditions applicable to release of the proceeds of such Escrow Notes from the Liens or escrow procedures applicable thereto upon issuance (without the need to comply with clause (1) above), and (B) Refinancing Indebtedness or Disqualified Preferred Stock issued in respect of, or to repay, discharge, refinance or redeem such Indebtedness, and Disqualified Preferred Stock issued to replace or redeem such Disqualified Preferred Stock;”

 

(j)            Section 6.01(a)(xix) of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“(xix) Guarantees of the Existing Second Priority Debt (and Refinancing Indebtedness of Existing Second Priority Debt), the Existing Guaranteed Unsecured Indebtedness (and Refinancing Indebtedness of Existing Guaranteed Unsecured

 

 

Indebtedness) and any Indebtedness under clause (vii), (viii) and (xviii) of this Section 6.01(a);”

 

(k)           Section 6.01(a)(xx) of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“(xx)(i) Indebtedness of a Person or Indebtedness attaching to assets of a Person that, in either case, becomes a Subsidiary or Indebtedness attaching to assets that are acquired by the Borrower or any of its Subsidiaries, in each case after the 2014 Restatement Effective Date as the result of a Business Acquisition, in an aggregate amount not to exceed $100,000,000 at any one time outstanding (excluding any Indebtedness owing from a Person acquired in a Business Acquisition to another such Person), provided that (x) such Indebtedness existed at the time such Person became a Subsidiary or at the time such assets were acquired and, in each case, was not created in anticipation thereof and (y) such Indebtedness is not guaranteed in any respect by the Borrower or any Subsidiary (other than by any such person that so becomes a Subsidiary), and (ii) any Refinancing Indebtedness in respect of any Indebtedness specified in subclause (i) above, provided that such Refinancing Indebtedness shall not be secured by any assets other than the assets securing the Indebtedness being renewed, extended or refinanced and the proceeds of such assets or supporting obligations in connection therewith; and.”

 

(l)            Section 6.01(a) of the Credit Agreement is hereby amended by inserting a new clause (xxi), which shall read in its entirety as follows:

 

“(xxi) Escrow Notes issued by an Escrow Notes Issuer and Guarantees of interest and redemption premiums and expense reimbursement and indemnification obligations owing in respect of Escrow Notes issued by an Escrow Notes Issuer.”

 

(m)          Section 6.01(b) of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“(b) The Borrower will not, nor will it permit any Subsidiary to, issue any Preferred Stock or other preferred Equity Interests, other than (i) Qualified Preferred Stock of the Borrower, (ii) Disqualified Preferred Stock of the Borrower permitted by Section 6.01(a), (iii) Third Party Interests issued by Securitization Vehicles, (iv) Preferred Stock of a Subsidiary issued to the Borrower or a Subsidiary Loan Party or, in the case of a Subsidiary that is not a Subsidiary Loan Party, to another Subsidiary that is not a Subsidiary Loan Party, and (v) other preferred Equity Interests issued and outstanding on the Second Restatement Effective Date and set forth on Schedule 6.01(b).”

 

(n)           Section 6.02 of the Credit Agreement is hereby amended by deleting the word “and” at the end of clause (xvi) thereof, changing the “.” at the end clause (xvii) thereof to “; and” and inserting a new clause (xviii) thereafter, which shall read in its entirety as follows:

 

“(xviii) Liens on, or the deposit in escrow of, the cash proceeds of Escrow Notes issued by an Escrow Notes Issuer to secure the obligations of the Escrow Notes Issuer in the event that the conditions to release of such proceeds are not satisfied or waived.”

 

 

(o)           Section 6.03 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“SECTION 6.03           Fundamental Changes. Without limiting the restrictions on Business Acquisitions set forth in Section 6.04, the Borrower will not, and will not permit any Subsidiary Loan Party to, merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto (other than in the case of clause (iv) below) no Default shall have occurred and be continuing (i) any Person may merge or consolidate into the Borrower in a transaction in which the Borrower is the surviving corporation, provided, that if such other Person is a Subsidiary Loan Party, it shall have no assets that constitute Senior Collateral, (ii) any Person may merge into or consolidate with a Subsidiary Loan Party in a transaction in which such Subsidiary Loan Party is the surviving Person or the surviving Person is or promptly following such merger or consolidation becomes a Subsidiary Loan Party, (iii) any Subsidiary Loan Party may liquidate or dissolve if such liquidation or dissolution is not materially disadvantageous to the Lenders, (iv) any Asset Sale of the Equity Interests in any Subsidiary Loan Party that is permitted under Section 6.05 may be effected through a merger, consolidation, liquidation or dissolution of such Subsidiary Loan Party; provided that (A) any such merger involving a Person that is not a wholly-owned Subsidiary immediately prior to such merger shall not be permitted to engage in such merger unless also permitted by Section 6.04 and (B) the Borrower and the applicable Subsidiary Loan Party shall comply with the provisions of Section 5.11 with respect to any Subsidiary acquired pursuant to this Section 6.03, to the extent applicable.”

 

(p)           Section 6.04 of the Credit Agreement is hereby amended by deleting the word “and” at the end of clause (xiv) therein and adding the following new clauses (xvi), (xvii), (xviii) and (xix) thereto:

 

“(xvi) Investments by any Subsidiary that is not a Subsidiary Loan Party in any other Subsidiary that is not a Subsidiary Loan Party or in any Subsidiary Loan Party;”

 

“(xvii) Investments held by any Person that becomes a Subsidiary at the time such Person becomes a Subsidiary; provided that no such Investment was made in contemplation of such Person becoming a Subsidiary;”

 

“(xviii) Investments in any Escrow Notes Issuer related to any interest, premiums or other amounts payable in connection with any Escrow Notes issued by such Escrow Notes Issuer; and”

 

“(xix) other Investments by the Borrower or any Subsidiary Loan Party in any Subsidiary that is not a Subsidiary Loan Party in an amount not to exceed $50,000,000 in the aggregate at any one time.”

 

(q)           Section 6.08(b) is hereby amended by deleting the reference to “clauses (i) through (xx) of Section 6.01(a)” contained in the introductory paragraph thereof and replacing such reference with:

 

“clauses (i) through (xxi) of Section 6.01(a)”.

 

(r)            Section 6.08(b)(vi) is hereby amended and restated to read in its entirety as follows:

 

 

“(vi) repurchases, exchanges, redemptions or prepayments of Indebtedness for consideration consisting solely of common stock of the Borrower or Qualified Preferred Stock or with Net Cash Proceeds from the substantially contemporaneous issuance of common stock or Qualified Preferred Stock of the Borrower or cash payments in lieu of fractional shares;”

 

(s)            Section 6.08(b)(viii) is hereby amended and restated to read in its entirety as follows:

 

“(viii) prepayments, redemptions and exchanges of Indebtedness in connection with the incurrence of Refinancing Indebtedness permitted pursuant to Section 6.01(a)(ii), 6.01(a)(x), 6.01(a)(xviii), 6.01(a)(xix) and 6.01(a)(xx);”

 

(t)            Section 6.08(b)(ix) is hereby amended and restated to read in its entirety as follows:

 

“(ix) prepayments of Indebtedness permitted pursuant to Section 6.01(a)(iii); provided that if such Indebtedness is subject to subordination provisions, such prepayment is permitted thereunder;”

 

(u)           Section 6.08(b)(x) is hereby amended and restated to read in its entirety as follows:

 

“(x)(1) prepayments, repurchases or redemptions of Escrow Notes in the event (A) the conditions applicable to release of the proceeds of such Escrow Notes are not satisfied or (B) in the case of Escrow Notes issued by the Borrower, the Borrower is required to redeem such Escrow Notes as a result of the failure to consummate a proposed Business Acquisition, (2) prepayments, repurchases or redemptions of Indebtedness permitted under Section 6.01(a)(xx), (3) repayments, prepayments, repurchases or redemptions of (I) Indebtedness of the Borrower or any Subsidiary incurred under clauses (ii), (v), (vii), (viii) or (xviii) of Section 6.01(a) with the proceeds of Escrow Notes or Indebtedness incurred under clause (viii) of Section 6.01(a) in anticipation of the funding of the transactions contemplated by the Eagle Acquisition Agreement or (II) Indebtedness of the Borrower or any Subsidiary incurred under clauses (iv) or (x) of Section 6.01(a) with the proceeds of Escrow Notes or Indebtedness incurred under clause (viii) of Section 6.01(a) in anticipation of the funding of the transactions contemplated by the Eagle Acquisition Agreement, so long as, after giving effect to such repayment, prepayment, repurchase or redemption under this subclause (II), such Escrow Notes or Indebtedness incurred under clause (viii) of Section 6.01(a) in anticipation of the funding of the transactions contemplated by the Eagle Acquisition Agreement would satisfy the definition of “Refinancing Indebtedness” other than the requirements of clause (xi) of the first proviso thereto after giving effect to the satisfaction of any conditions related to such Escrow Notes or such Indebtedness incurred under clause (viii) of Section 6.01(a), in the case of each of the foregoing subclauses (I) and (II)  in connection with a proposed Business Acquisition to the extent such proceeds are not applied to consummate such proposed Business Acquisition and (4) repayments, prepayments, repurchases or redemptions of any Indebtedness of the Borrower or any Subsidiary incurred under clauses (ii), (vii), (viii) or (xviii) of Section 6.01(a) with insurance proceeds or the proceeds of asset sales to the extent such proceeds are required to be applied to repay such Indebtedness under the terms of the documentation governing such Indebtedness;”

 

(v)           Section 6.09(d) is hereby amended and restated to read in its entirety as follows:

 

 

“(d)(i) transactions between or among the Borrower and/or one or more Subsidiaries and (ii) sales of Securitization Assets to Securitization Vehicles in Securitizations permitted by Sections 6.01 and 6.05;”

 

(w)          Section 6.10(a) is hereby amended by (i) adding “or, with respect to any temporary bridge facility in connection with the Eagle Acquisition Agreement, this Agreement” immediately following “2009 Restatement Effective Date” at the end of subclause (y), (ii) deleting “and” at the end of clause (H) thereof, and inserting “,” in replacement therefor, (iii) deleting the “.” at the end of clause (I) thereof and inserting “;” in replacement therefor and (iv) adding the following new clauses (J) and (K):

 

“(J) restrictions imposed under the Eagle Acquisition Agreement with respect to (x) certain receivables and proceeds thereof held by Persons acquired under the Eagle Acquisition Agreement and (y) the Eagle Intercompany Obligations; and

 

(K) restrictions under the documentation governing any Escrow Notes issued by an Escrow Notes Issuer on the ability of an Escrow Notes Issuer to grant Liens on, or otherwise encumber, the proceeds of such Escrow Notes after issuance thereof and prior to the earlier to occur of (i) the satisfaction or waiver of the conditions under such documentation as contemplated in clause (i) of the definition of “Escrow Notes” or (ii) the mandatory redemption or prepayment of such Escrow Notes as contemplated in clause (ii) of the definition of “Escrow Notes” if such conditions are not satisfied by the date specified in such documentation.”

 

(x)           Section 6.10(b) is hereby amended by (i) deleting “and” at the end of clause (G) thereof, (ii) deleting the “.” at the end of clause (H) thereof and inserting “;” in replacement therefor and (iii) adding the following new clauses (I) and (J):

 

“(I) restrictions imposed under the Eagle Acquisition Agreement with respect to (x) certain receivables and proceeds thereof held by Persons acquired under the Eagle Acquisition Agreement and (y) the Eagle Intercompany Obligations; and

 

(J) restrictions under the documentation governing any Escrow Notes issued by an Escrow Notes Issuer on the ability of an Escrow Notes Issuer to make Restricted Payments or Investments with, or transfers of, the proceeds of such Escrow Notes after issuance thereof and prior to the earlier to occur of (i) the satisfaction or waiver of the conditions under such documentation as contemplated in clause (i) of the definition of “Escrow Notes” or (ii) the mandatory redemption or prepayment of such Escrow Notes as contemplated in clause (ii) of the definition of “Escrow Notes” if such conditions are not satisfied by the date specified in such documentation.”

 

(y)           The proviso to Section 6.15 of the Credit Agreement is hereby amended by replacing the word “and” immediately prior to clause (viii) thereof with “;”, inserting the word “and” at the end of clause (viii) thereof and inserting a new clause (ix) to read in its entirety as follows:

 

“cash proceeds of Escrow Notes or Indebtedness incurred under clauses (ii), (vii), (viii) or (xviii) of Section 6.01 in connection with a proposed Business Acquisition during the period commencing on the date of receipt thereof and ending on the date that is 45 days after the abandonment of such proposed Business Acquisition (it being understood that such cash proceeds may be held in a separate account and shall not constitute Collateral during such period prior to the earlier to occur of (x) the

 

 

consummation of such proposed Business Acquisition and (y) the date that is 45 days after the abandonment of such proposed Business Acquisition)”

 

(z)           Clause (g) of Article VII of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

 

“any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness; provided further that this clause (g) shall not apply to any mandatory repurchase offer or other mandatory repurchase, redemption or prepayment obligation of the Borrower or any Escrow Notes Issuer that may arise under (x) the 2015 8.5% Convertible Notes or other Convertible Debt to the extent that the making of such mandatory repurchase by the Borrower is otherwise permitted under this Agreement or (y) the Escrow Notes to the extent required in connection with a failure to satisfy the conditions to release of the proceeds of such Escrow Notes;”

 

Section 2.              Amendment to the Security Agreement. Section 2 of the Security Agreement is hereby amended by amending and restating the second sentence of the second paragraph thereto to read in its entirety as follows:

 

“Notwithstanding anything else contained in this Section 2 to the contrary, Senior Collateral shall not include (x) any Equity Interests of any Subsidiary or (y) any Eagle Intercompany Obligations.”

 

Section 3.              Representations and Warranties. The Borrower represents and warrants to each of the Lenders and to the Administrative Agent that, as of the date of this Agreement and after giving effect to the amendments to occur hereunder:

 

(a)           This Agreement has been duly authorized, executed and delivered by the Borrower and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

(b)           The representations and warranties set forth in Article III of the Credit Agreement are true and correct in all material respects on and as of the date hereof, with the same effect as though made on and as of the date hereof (except to the extent any such representations or warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct in all material respects as of such earlier date).

 

(c)           No Default or Event of Default has occurred and is continuing.

 

Section 4.              Conditions of Effectiveness to this Agreement. This Agreement shall become effective on the date on which the Administrative Agent shall have received duly executed counterparts of

 

 

this Agreement from the Borrower and Signing Lenders constituting at least Required Lenders, and each of the Subsidiary Loan Parties shall have executed the Guarantor Acknowledgement attached hereto.

 

Section 5.              Effect of Amendment. (a) Except as expressly set forth herein or amended hereby, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of, the Lenders or the Agents under the Credit Agreement or any other Senior Loan Document, and shall not otherwise alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Senior Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Senior Loan Document in similar or different circumstances. This Agreement shall apply to and be effective only with respect to the provisions of the Credit Agreement and the other Senior Loan Documents specifically referred to herein.

 

(b)           On and after the date hereof, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each reference to the Credit Agreement, “thereunder”, “thereof”, “therein” or words of like import in any other Senior Loan Document shall be deemed a reference to the Credit Agreement as amended by this Agreement. This Agreement shall constitute a “Senior Loan Document” for all purposes of the Credit Agreement and the other Senior Loan Documents.

 

Section 6.              Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

 

Section 7.              Costs and Expenses; Fees. The Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Agreement, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent.

 

Section 8.              Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Delivery of any executed counterpart of a signature page of this Agreement by facsimile transmission or other electronic imaging means shall be effective as delivery of a manually executed counterpart hereof.

 

Section 9.              Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 

Section 10.            Headings. The headings of this Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by its duly authorized officer or officers as of the date first above written.

 

 

	
 
    	
RITE AID CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Darren W. Karst
    
	
 
    	
 
    	
Name: 
    	
Darren W. Karst
    
	
 
    	
 
    	
Title:
    	
Exec. Vice President, CFO
    

 

 

	
 
    	
CITICORP NORTH   AMERICA, INC.,
    
	
 
    	
as Administrative Agent and   Collateral Agent,
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Thomas M. Halsch
    
	
 
    	
 
    	
Name: 
    	
Thomas M. Halsch
    
	
 
    	
 
    	
Title:
    	
Vice President
    
					

 

 

Signing Lenders

 

The undersigned Lender hereby approves the Agreement.

 

IN WITNESS WHEREOF, the undersigned has caused this signature page to be executed and delivered by a duly authorized officer.

 

	
 
    	
Date: February 6, 2015
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CITIBANK, N.A.,
    	
 
    
	
 
    	
as a Lender
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Thomas M. Halsch
    
	
 
    	
 
    	
Name: 
    	
Thomas M. Halsch
    
	
 
    	
 
    	
Title:
    	
Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
If a second signature is   necessary:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
					

 

 

Signing Lenders

 

The undersigned Lender hereby approves the Agreement.

 

IN WITNESS WHEREOF, the undersigned has caused this signature page to be executed and delivered by a duly authorized officer.

 

	
 
    	
Date: February 8, 2015
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BANK OF AMERICA, N.A.,
    	
 
    
	
 
    	
as a Lender
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/Roger Malouf
    
	
 
    	
 
    	
Name: 
    	
Roger Malouf
    
	
 
    	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
If a second signature is   necessary:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
						

 

 

Signing Lenders

 

The undersigned Lender hereby approves the Agreement.

 

IN WITNESS WHEREOF, the undersigned has caused this signature page to be executed and delivered by a duly authorized officer.

 

	
 
    	
Date: February 8, 2015
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
CREDIT SUISSE AG,
    
	
 
    	
CAYMAN ISLANDS BRANCH,
    
	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Vipul Dhadda
    
	
 
    	
 
    	
Name: 
    	
Vipul Dhadda
    
	
 
    	
 
    	
Title:
    	
Authorizing Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Sean MacGregor
    
	
 
    	
 
    	
Name: 
    	
Sean MacGregor
    
	
 
    	
 
    	
Title:
    	
Authorized Signatory
    
					

 

 

Signing Lenders

 

The undersigned Lender hereby approves the Agreement.

 

IN WITNESS WHEREOF, the undersigned has caused this signature page to be executed and delivered by a duly authorized officer.

 

	
 
    	
Date: February 6, 2015
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
GOLDMAN SACHS BANK USA,
    
	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ Michelle Latroni
    
	
 
    	
 
    	
Name: 
    	
Michelle Latroni
    
	
 
    	
 
    	
Title:
    	
Authorized Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
If a second signature is   necessary:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
					

 

 

Signing Lenders

 

The undersigned Lender hereby approves the Agreement.

 

IN WITNESS WHEREOF, the undersigned has caused this signature page to be executed and delivered by a duly authorized officer.

 

	
 
    	
Date: February 6, 2015
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
GENERAL ELECTRIC CAPITAL
   CORPORATION,
    
	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Peter F. Crispino
    
	
 
    	
 
    	
Name: 
    	
Peter F. Crispino
    
	
 
    	
 
    	
Title:
    	
Duly Authorized Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
GE ASSET BASED MASTER NOTE, LLC,
    
	
 
    	
as a Lender
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Peter F. Crispino
    
	
 
    	
 
    	
Name: 
    	
Peter F. Crispino
    
	
 
    	
 
    	
Title:
    	
Duly Authorized Signatory
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
If a second signature is   necessary:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
					

 

 

Signing Lenders

 

The undersigned Lender hereby approves the Agreement.

 

IN WITNESS WHEREOF, the undersigned has caused this signature page to be executed and delivered by a duly authorized officer.

 

	
 
    	
Date: February 8, 2015
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WELLS FARGO BANK, N.A.,
    
	
 
    	
as a Lender
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Peter Foley
    
	
 
    	
 
    	
Name: 
    	
Peter Foley
    
	
 
    	
 
    	
Title:
    	
Duly Authorized Signatory
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
If a second signature is   necessary:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
					

 

 

GUARANTOR ACKNOWLEDGEMENT

 

This Guarantor Acknowledgement (this “Acknowledgement”) is made by each Subsidiary Loan Party listed on Schedule A hereto. Reference is hereby made to the First Amendment to Amended and Restated Credit Agreement dated as of the date hereof (the “Amendment”) by and among Rite Aid Corporation, a Delaware corporation (the “Borrower”), the Lenders party thereto (the “Signing Lenders”), and Citicorp North America, Inc., as administrative agent and collateral agent (in such capacities, the “Administrative Agent”). Capitalized terms used and not defined herein have the meanings given to them in the Amendment or the Credit Agreement (as defined in the Amendment), as applicable.

 

Each Subsidiary Loan Party hereby acknowledges that it has read the Amendment and consents to the terms thereof and further hereby affirms, confirms, represents, warrants and agrees that (a) notwithstanding the effectiveness of the Amendment, the obligations of such Subsidiary Loan Party under each of the Senior Loan Documents to which it is a party shall not be impaired and each of the Senior Loan Documents to which such Subsidiary Loan Party is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects, in each case, as amended by the Amendment; (b) (i) neither the Amendment nor this Acknowledgement shall impair the validity, effectiveness or priority of the Liens granted pursuant to the Senior Collateral Documents as in effect immediately prior to the execution hereof (the “Existing Senior Collateral Documents”) and such Liens shall continue unimpaired with the same priority to secure repayment of all the Secured Obligations, whether heretofore or hereafter incurred, and (ii) its Guarantee, as and to the extent provided in the Senior Subsidiary Guarantee Agreement, shall continue in full force and effect in respect of the Secured Obligations under the Credit Agreement (as amended by the Amendment) and the other Senior Loan Documents; (c) the Amendment shall not require any new filings to be made or other actions to be taken to perfect or maintain the perfection of such Liens; and (d) the position of the Lenders with respect to such Liens, the Senior Collateral (as defined in the Existing Senior Collateral Documents) in which a security interest was granted pursuant to the Existing Senior Collateral Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Existing Senior Collateral Documents have not been adversely affected in any material respect by the modifications to the Credit Agreement effectuated pursuant to the Amendment or by the execution, delivery, performance or effectiveness of this Acknowledgement.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

 

IN WITNESS WHEREOF, each Subsidiary Loan Party has caused this Acknowledgement to be executed by its duly authorized officer or officers as of the date first above written.

 

 

	
 
    	
EACH OF THE SUBSIDIARY LOAN 
   PARTIES LISTED ON SCHEDULE A 
   HERETO
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew Schroeder
    
	
 
    	
 
    	
Name: 
    	
Matthew Schroeder
    
	
 
    	
 
    	
Title:
    	
Vice President &   Treasurer
    
					

 

 

SUBSIDIARY LOAN PARTIES

 

112 Burleigh Avenue Norfolk, LLC

1515 West State Street Boise, Idaho, LLC

1740 Associates, L.L.C.

3581 Carter Hill Road—Montgomery Corp.

4042 Warrensville Center Road — Warrensville Ohio, Inc.

5277 Associates, Inc.

5600 Superior Properties, Inc.

657-659 Broad St. Corp.

764 South Broadway-Geneva, Ohio, LLC

Ann & Government Streets - Mobile, Alabama, LLC

Apex Drug Stores, Inc.

Broadview and Wallings-Broadview Heights Ohio, Inc.

Central Avenue and Main Street — Petal, MS, LLC

Eagle Managed Care Corp.

Eckerd Corporation

EDC Drug Stores, Inc.

Eighth and Water Streets — Urichsville, Ohio, LLC

England Street-Asheland Corporation

Fairground, L.L.C.

GDF, Inc.

Genovese Drug Stores, Inc.

Gettysburg and Hoover-Dayton, Ohio, LLC

Harco, Inc.

Health Dialog Services Corporation

JCG (PJC) USA, LLC

JCG Holdings (USA), Inc.

K & B Alabama Corporation

K & B Louisiana Corporation

K & B Mississippi Corporation

K & B Services, Incorporated

K & B Tennessee Corporation

K & B, Incorporated

K&B Texas Corporation

Keystone Centers, Inc.

Lakehurst and Broadway Corporation

Maxi Drug North, Inc.

Maxi Drug South, L.P.

Maxi Drug, Inc.

Maxi Green Inc.

Mayfield & Chillicothe Roads — Chesterland, LLC

Munson & Andrews, LLC

Name Rite, L.L.C.

Northline & Dix — Toledo — Southgate, LLC

Patton Drive and Navy Boulevard Property Corporation

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

PDS-1 Michigan, Inc.

Perry Distributors, Inc.

Perry Drug Stores, Inc.

P.J.C. Distribution, Inc.

 

 

PJC Dorchester Realty LLC

PJC East Lyme Realty LLC

PJC Haverhill Realty LLC

PJC Hermitage Realty LLC

PJC Hyde Park Realty LLC

PJC Lease Holdings, Inc.

PJC Manchester Realty LLC

PJC Mansfield Realty LLC

PJC New London Realty LLC

PJC of Massachusetts, Inc.

PJC of Rhode Island, Inc.

PJC of Vermont Inc.

PJC Peterborough Realty LLC

PJC Providence Realty LLC

PJC Realty MA, Inc.

PJC Realty N.E. LLC

PJC Revere Realty LLC

PJC Special Realty Holdings, Inc.

P.J.C. Realty Co., Inc.

Ram-Utica, Inc.

RDS Detroit, Inc.

Read’s, Inc.

RediClinic LLC

Rite Aid Drug Palace, Inc.

Rite Aid Hdqtrs. Corp.

Rite Aid Hdqtrs. Funding, Inc.

Rite Aid Lease Management Company

Rite Aid of Alabama, Inc.

Rite Aid of Connecticut, Inc.

Rite Aid of Delaware, Inc.

Rite Aid of Florida, Inc.

Rite Aid of Georgia, Inc.

Rite Aid of Illinois, Inc.

Rite Aid of Indiana, Inc.

Rite Aid of Kentucky, Inc.

Rite Aid of Maine, Inc.

Rite Aid of Maryland, Inc.

Rite Aid of Massachusetts, Inc.

Rite Aid of Michigan, Inc.

Rite Aid of New Hampshire, Inc.

Rite Aid of New Jersey, Inc.

Rite Aid of New York, Inc.

Rite Aid of North Carolina, Inc.

Rite Aid of Ohio, Inc.

Rite Aid of Pennsylvania, Inc.

Rite Aid of South Carolina, Inc.

Rite Aid of Tennessee, Inc.

Rite Aid of Vermont, Inc.

Rite Aid of Virginia, Inc.

Rite Aid of Washington, D.C., Inc.

Rite Aid of West Virginia, Inc.

 

 

Rite Aid Online Store, Inc.

Rite Aid Payroll Management, Inc.

Rite Aid Realty Corp.

Rite Aid Rome Distribution Center, Inc.

Rite Aid Services, L.L.C.

Rite Aid Specialty Pharmacy, LLC

Rite Aid Transport, Inc.

Rite Fund, Inc.

Rite Investments Corp.

Rite Investments Corp., LLC

RX Choice, Inc.

Seven Mile and Evergreen — Detroit, LLC

Silver Springs Road — Baltimore, Maryland/One, LLC

Silver Springs Road — Baltimore, Maryland/Two, LLC

State & Fortification Streets — Jackson, Mississippi, LLC

State Street and Hill Road — Gerard, Ohio, LLC

The Jean Coutu Group (PJC) USA, Inc.

The Lane Drug Company

Thrift Drug, Inc.

Thrifty Corporation

Thrifty PayLess, Inc.

Tyler and Sanders Roads, Birmingham - Alabama, LLC

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