Document:

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                                                                     EXHIBIT 4.4

                       FORM OF FACE OF EXCHANGE SECURITY

                  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"),
NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

                  TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO
TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL
SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

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                                                                               2

                                                             CUSIP No.
                                                                      ----------
                                                                  ISIN
                                                                      ----------

No.                                                                  $
    -------------                                                     ---------

                    8 3/4% Senior Subordinated Note due 2012

                  Pathmark Stores, Inc., a Delaware corporation, promises to pay
to __________, or registered assigns, the principal sum of
______________________ Dollars on February 1, 2012.

                  Interest Payment Dates:  February 1 and August 1,
commencing August 1, 2002.

                  Record Dates:  January 15 and July 15.

                  Additional provisions of this Security are set forth on the
other side of this Security.

Dated:

                                                     PATHMARK STORES, INC.

                                                       by
                                                         -----------------------
                                                         Name:
                                                         Title:

                                                       by
                                                         -----------------------
                                                         Name:
                                                         Title:

TRUSTEE'S CERTIFICATE OF
     AUTHENTICATION

WELLS FARGO BANK MINNESOTA,
NATIONAL ASSOCIATION

  as Trustee, certifies
       that this is one of
       the Securities referred
       to in the Indenture.

 by
    -----------------------------
          Authorized Signatory

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                                                                               3

                   [FORM OF REVERSE SIDE OF EXCHANGE SECURITY]

                    8 3/4% Senior Subordinated Note due 2012

1.  INTEREST

                  Pathmark Stores, Inc., a Delaware corporation (such
corporation, and its successors and assigns under the Indenture hereinafter
referred to, being herein called the "Company"), promises to pay interest on the
principal amount of this Security at the rate per annum shown above; PROVIDED,
HOWEVER, that if a Registration Default (as defined in the Registration Rights
Agreement) occurs, additional interest will accrue on this Security at a rate of
0.25% per annum (increasing by an additional 0.25% per annum after each
subsequent 90-day period that occurs after the date on which such Registration
Default occurs up to a maximum additional interest rate of 1.00% per annum) from
and including the date on which any such Registration Default shall occur to but
excluding the date on which all Registration Defaults have been cured. The
Company will pay interest semiannually in arrears on February 1 and August 1 of
each year, commencing August 1, 2002. Interest on the Securities will accrue
from the most recent date to which interest has been paid or, if no interest has
been paid, from [insert last interest payment date on which interest was paid on
the Initial Securities or, if no interest has been paid on the Initial
Securities, insert the date of original issue of the Initial Securities].
Interest will be computed on the basis of a 360-day year comprised of twelve
30-day months.

2.  METHOD OF PAYMENT

                  The Company will pay interest on the Securities (except
defaulted interest) to the Persons who are registered holders of Securities at
the close of business on the January 15 or July 15 next preceding the interest
payment date even if Securities are canceled after the record date and on or
before the interest payment date. Holders must surrender Securities to a Paying
Agent to collect principal payments. The Company will pay principal and interest
in money of the United States that at the time of payment is legal tender for
payment of public and private debts. Payments in respect of the Securities
represented by a

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                                                                               4

Global Security (including principal, premium, if any, and interest) will be
made by wire transfer of immediately available funds to the accounts specified
by The Depository Trust Company. The Company will make all payments in respect
of a certificated Security (including principal, premium and interest) by
mailing a check to the registered address of each Holder thereof; PROVIDED,
HOWEVER, that payments on a certificated Security will be made by wire transfer
to a U.S. dollar account maintained by the payee with a bank in the United
States if such Holder elects payment by wire transfer by giving written notice
to the Trustee or the Paying Agent to such effect designating such account no
later than 30 days immediately preceding the relevant due date for payment (or
such other date as the Trustee may accept in its discretion).

3.  PAYING AGENT AND REGISTRAR

                  Initially, Wells Fargo Bank Minnesota, National Association
(the "Trustee"), will act as Paying Agent and Registrar. The Company may appoint
and change any Paying Agent, Registrar or co-registrar without notice. The
Company or any of its domestically incorporated Wholly Owned Subsidiaries may
act as Paying Agent, Registrar or co-registrar.

4.  INDENTURE

                  The Company issued the Securities under an Indenture dated as
of January 29, 2002 ("Indenture"), among the Company, the Subsidiary Guarantors
and the Trustee. The terms of the Securities include those stated in the
Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939 (15 U.S.C. ss.ss. 77aaa-77bbbb) as in effect on the date
of the Indenture (the "TIA"). Terms defined in the Indenture and not defined
herein have the meanings ascribed thereto in the Indenture. The Securities are
subject to all such terms, and Securityholders are referred to the Indenture and
the TIA for a statement of those terms.

                  The Securities are general unsecured obligations of the
Company. The Company shall be entitled, subject to its compliance with Section
4.03 of the Indenture, to issue Additional Securities pursuant to Section 2.13
of the Indenture. The Initial Securities issued on the Issue Date, any
Additional Securities and all Exchange Securities or Private Exchange Securities
issued in exchange therefor will be treated as a single class for all purposes
under the Indenture. The Indenture contains covenants that limit the ability of
the Company and its subsidiaries to incur additional indebtedness; pay dividends
or distributions on, or redeem or repurchase capital stock; make investments;
engage in transactions with affiliates; transfer or sell assets; guarantee
indebtedness; restrict dividends or other payments of subsidiaries; engage in
any business other than a permitted business; and consolidate, merge or transfer
all or substantially all of its assets and the assets of its

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                                                                               5

subsidiaries. These covenants are subject to important exceptions and
qualifications and certain of them are subject to suspension during any period
that the Securities have an Investment Grade Rating from both Rating Agencies.

5.       OPTIONAL REDEMPTION

                  Except as set forth below, the Company shall not be entitled
to redeem the Securities at its option prior to February 1, 2007.

                  On and after February 1, 2007, the Company shall be entitled
at its option to redeem all or a portion of the Securities upon not less than 30
nor more than 60 days' notice, at the redemption prices (expressed in
percentages of principal amount) plus accrued interest to the redemption date
(subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date), if redeemed during
the 12-month period commencing on February 1 of the years set forth below:

                  Period                                        Redemption
                  ------                                        Price
                                                                -----
                  2007                                          104.375%
                  2008                                          102.917%
                  2009                                          101.458%
                  2010 and thereafter                           100.000%

                  Prior to February 1, 2005, the Company shall be entitled at
its option on one or more occasions to redeem Securities (which includes
Additional Securities, if any) in an aggregate principal amount not to exceed
35% of the aggregate principal amount of the Securities (which includes
Additional Securities, if any) originally issued at a redemption price
(expressed as a percentage of principal amount) of 108.750%, plus accrued and
unpaid interest to the redemption date, with the Net Cash Proceeds from one or
more Equity Offerings; PROVIDED, HOWEVER, that (1) at least 65% of such
aggregate principal amount at maturity of Securities (which includes Additional
Securities, if any) remains outstanding immediately after the occurrence of each
such redemption (other than Securities held, directly or indirectly, by the
Company or its Affiliates); and (2) each such redemption occurs within 90 days
after the date of the related Equity Offering.

                  In addition, prior to February 1, 2007, the Company shall be
entitled at its option on one or more occasions to redeem Securities (which
includes Additional Securities, if any) at a redemption price equal to the sum
of:

                  (1) the principal amount thereof, plus

                  (2) accrued and unpaid interest, if any, to the redemption
date, plus

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                                                                               6

                  (3) the Applicable Premium at the redemption date.

                  "Applicable Premium" means, with respect to a Security at any
time, the greater of (1) 1.0% of the principal amount of such Security at such
time and (2) the excess of (A) the present value at such time of (i) the
redemption price of such Security at February 1, 2007 (such redemption price
being described in the second paragraph of this paragraph 5 above, exclusive of
any accrued interest) plus (ii) any required interest payments due on such
Security through February 1, 2007, computed using a discount rate equal to the
Treasury Rate plus 50 basis points, over (B) the principal amount of such
Security.

                  "Treasury Rate" means the yield to maturity at the time of
computation of United States Treasury securities with a constant maturity (as
compiled and published in the most recent Federal Reserve Statistical Release
H.15(519) which has become publicly available at least two Business Days prior
to the date fixed for redemption (or, if such Statistical Release is no longer
published, any publicly available source of similar market data)) most nearly
equal to the then remaining average life to February 1, 2007; PROVIDED, HOWEVER,
that if the average life to February 1, 2007 of the Securities is not equal to
the constant maturity of a United States Treasury security for which a weekly
average yield is given, the Treasury Rate shall be obtained by linear
interpolation (calculated to the nearest one-twelfth of a year) from the weekly
average yields of United States Treasury securities for which such yields are
given, except that if the average life to February 1, 2007 of the Securities is
less than one year, the weekly average yield on actually traded United States
Treasury securities adjusted to a constant maturity of one year shall be used.

6.  NOTICE OF REDEMPTION

                  Notice of redemption will be mailed at least 30 days but not
more than 60 days before the redemption date to each Holder of Securities to be
redeemed at its registered address. Securities in denominations larger than
$1,000 principal amount may be redeemed in part but only in whole multiples of
$1,000. If money sufficient to pay the redemption price of and accrued interest
on all Securities (or portions thereof) to be redeemed on the redemption date is
deposited with the Paying Agent on or before the redemption date and certain
other conditions are satisfied, on and after such date interest ceases to accrue
on such Securities (or such portions thereof) called for redemption.
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                                                                               7

7.  PUT PROVISIONS

                  Upon a Change of Control Event, any Holder of Securities will
have the right to cause the Company to purchase all or any part of the
Securities of such Holder at a purchase price equal to 101% of the principal
amount of the Securities to be purchased plus accrued and unpaid interest, if
any, to the date of purchase (subject to the right of holders of record on the
relevant record date to receive interest due on the related interest payment
date) as provided in, and subject to the terms of, the Indenture.

                  Under certain circumstances as set forth in the Indenture, the
Company will be required to offer to purchase Securities with the Net Available
Cash from Asset Dispositions.

8.  SUBORDINATION

                  The Securities are subordinated to Senior Indebtedness of the
Company, as defined in the Indenture. To the extent provided in the Indenture,
Senior Indebtedness of the Company must be paid before the Securities may be
paid. The Company agrees, and each Securityholder by accepting a Security
agrees, to the subordination provisions contained in the Indenture and
authorizes the Trustee to give it effect and appoints the Trustee as
attorney-in-fact for such purpose.

9.  GUARANTY

                  The payment by the Company of the principal of, and premium
and interest on, the Securities is unconditionally guaranteed on a joint and
several senior subordinated basis by each of the Subsidiary Guarantors. The
Subsidiary Guaranties are subject to suspension during any period that the
Securities have an Investment Grade Rating from both of the Rating Agencies.

10.  DENOMINATIONS; TRANSFER; EXCHANGE

                  The Securities are in registered form without coupons in
denominations of $1,000 principal amount and integral multiples of $1,000. A
Holder may transfer or exchange Securities in accordance with the Indenture. The
Registrar may require a Holder, among other things, to furnish appropriate
endorsements or transfer documents and to pay any taxes and fees required by law
or permitted by the Indenture. The Registrar need not register the transfer of
or exchange of any Securities selected for redemption (except, in the case of a
Security to be redeemed in part, the portion of the Security not to be redeemed)
or any Securities for a period of 15 days before a selection of Securities to be
redeemed or 15 days before an interest payment date.
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                                                                               8

11.  PERSONS DEEMED OWNERS

                  The registered Holder of this Security may be treated as the
owner of it for all purposes.

12.  UNCLAIMED MONEY

                  If money for the payment of principal or interest remains
unclaimed for two years, the Trustee or Paying Agent shall pay the money back to
the Company at its request unless an abandoned property law designates another
Person. After any such payment, Holders entitled to the money must look only to
the Company and not to the Trustee for payment.

13.  DISCHARGE AND DEFEASANCE

                  Subject to certain conditions, the Company at any time shall
be entitled to terminate some or all of its obligations under the Securities and
the Indenture if the Company deposits with the Trustee money or U.S. Government
Obligations for the payment of principal and interest on the Securities to
redemption or maturity, as the case may be.

14.  AMENDMENT, WAIVER

                  Subject to certain exceptions set forth in the Indenture, (i)
the Indenture and the Securities may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Securities
and (ii) any default or noncompliance with any provision may be waived with the
written consent of the Holders of a majority in principal amount outstanding of
the Securities. Subject to certain exceptions set forth in the Indenture,
without the consent of any Securityholder, the Company, the Subsidiary
Guarantors and the Trustee shall be entitled to amend the Indenture or the
Securities to cure any ambiguity, omission, defect or inconsistency, or to
comply with Article 5 of the Indenture, or to provide for uncertificated
Securities in addition to or in place of certificated Securities, or to add
guarantees with respect to the Securities, including Subsidiary Guaranties, or
to secure the Securities, or to add additional covenants or surrender rights and
powers conferred on the Company or the Subsidiary Guarantors, or to comply with
any request of the SEC in connection with qualifying the Indenture under the
Act, or to make certain changes in the subordination provisions, or to make any
change that does not adversely affect the rights of any Securityholder.
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                                                                               9

15.  DEFAULTS AND REMEDIES

                  Under the Indenture, Events of Default include (i) default for
30 days in payment of interest on the Securities; (ii) default in payment of
principal on the Securities at maturity, upon redemption pursuant to paragraph 5
of the Securities, upon acceleration or otherwise, or failure by the Company to
redeem or purchase Securities when required; (iii) failure by the Company to
comply with other agreements in the Indenture or the Securities, in certain
cases subject to notice and lapse of time; (iv) certain accelerations (including
failure to pay within any grace period after final maturity) of other
Indebtedness of the Company, any Subsidiary Guarantor or any Significant
Subsidiary if the amount accelerated (or so unpaid) exceeds $15 million; (v)
certain events of bankruptcy or insolvency with respect to the Company, any
Subsidiary Guarantor or any Significant Subsidiary; (vi) certain final judgments
or decrees for the payment of money in excess of $15 million; and (vii) certain
defaults with respect to Subsidiary Guaranties. If an Event of Default occurs
and is continuing, the Trustee or the Holders of at least 25% in principal
amount of the Securities may declare all the Securities to be due and payable;
PROVIDED, HOWEVER, that so long as any Bank Indebtedness remains outstanding, no
such acceleration shall be effective until the earlier of (1) five business days
after the giving of written notice to the Company and the administrative agent
(or similar agent if there is no administrative agent) under the Credit
Agreement and (2) the day on which any Bank Indebtedness is accelerated. Certain
events of bankruptcy or insolvency are Events of Default which will result in
the Securities being due and payable immediately upon the occurrence of such
Events of Default.

                  Securityholders may not enforce the Indenture or the
Securities except as provided in the Indenture. The Trustee may refuse to
enforce the Indenture or the Securities unless it receives indemnity or security
satisfactory to it. Subject to certain limitations, Holders of a majority in
principal amount of the Securities may direct the Trustee in its exercise of any
trust or power. The Trustee may withhold from Securityholders notice of any
continuing Default (except a Default in payment of principal or interest) if it
determines that withholding notice is not opposed to the interest of the
Holders.

16.  TRUSTEE DEALINGS WITH THE COMPANY

                  Subject to certain limitations imposed by the TIA, the Trustee
under the Indenture, in its individual or any other capacity, may become the
owner or pledgee of Securities and may otherwise deal with and collect
obligations owed to it by the Company or its Affiliates and may otherwise deal
with the Company or its Affiliates with the same rights it would have if it were
not Trustee.
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                                                                              10

17.  NO RECOURSE AGAINST OTHERS

                  A director, officer, employee or stockholder, as such, of the
Company or the Trustee shall not have any liability for any obligations of the
Company under the Securities or the Indenture or for any claim based on, in
respect of or by reason of such obligations or their creation. By accepting a
Security, each Securityholder waives and releases all such liability. The waiver
and release are part of the consideration for the issue of the Securities.

18.  AUTHENTICATION

                  This Security shall not be valid until an authorized signatory
of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security.

19.  ABBREVIATIONS

                  Customary abbreviations may be used in the name of a
Securityholder or an assignee, such as TEN COM (=tenants in common), TEN ENT
(=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship
and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to
Minors Act).

20.  CUSIP NUMBERS

                  Pursuant to a recommendation promulgated by the Committee on
Uniform Security Identification Procedures the Company has caused CUSIP numbers
and corresponding ISINs to be printed on the Securities and has directed the
Trustee to use CUSIP numbers and corresponding ISINs in notices of redemption as
a convenience to Securityholders. No representation is made as to the accuracy
of such numbers either as printed on the Securities or as contained in any
notice of redemption and reliance may be placed only on the other identification
numbers placed thereon.

21.  HOLDERS' COMPLIANCE WITH REGISTRATION RIGHTS AGREEMENT.

                  Each Holder of a Security, by acceptance hereof, acknowledges
and agrees to the provisions of the Registration Rights Agreement, including the
obligations of the Holders with respect to a registration and the
indemnification of the Company to the extent provided therein.

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                                                                              11

22.  GOVERNING LAW.

                  THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF
THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

                  The Company will furnish to any Securityholder upon written
request and without charge to the Securityholder a copy of the Indenture which
has in it the text of this Security in larger type. Requests may be made to:

                  Pathmark Stores, Inc.
                  200 Milik Street
                  Carteret, NJ 07008-1194
                  Attention: General Counsel

<Page>

                                                                              12

--------------------------------------------------------------------------------
                                 ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

         (Print or type assignee's name, address and zip code)

         (Insert assignee's soc. sec. or tax I.D. No.)

and irrevocably appoint                           agent to
transfer this Security on the books of the Company.  The agent
may substitute another to act for him.

--------------------------------------------------------------------------------

Date: ________________ Your Signature: _____________________

--------------------------------------------------------------------------------
Sign exactly as your name appears on the other side of this Security.

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                       OPTION OF HOLDER TO ELECT PURCHASE

                  If you want to elect to have this Security purchased by the
Company pursuant to Section 4.06 or 4.08 of the Indenture, check the box:

                                      /__/

                  If you want to elect to have only part of this Security
purchased by the Company pursuant to Section 4.06 or 4.08 of the Indenture,
state the amount in principal amount: $

Date:                             Your Signature:
     -----------------------                      -----------------------------
                                                  (Sign exactly as your name
                                                  appears on the other side of
                                                  this Security.)

Signature Guarantee:
                    --------------------------------------
                          (Signature must be guaranteed)

         Signatures must be guaranteed by an "eligible guarantor institution"
meeting the requirements of the Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program ("STAMP") or
such other "signature guarantee program" as may be determined by the Registrar
in addition to, or in substitution for, STAMP, all in accordance with the
Securities Exchange Act of 1934, as amended.

<Page>

              SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

                  The following increases or decreases in this Global Security
have been made:

<Table>
<S>           <C>                  <C>                  <C>                  <C>
Date of       Amount of decrease   Amount of increase   Principal amount     Signature of
Exchange      in Principal         in Principal         of this Global       authorized officer
              amount of this       amount of this       Security following   of Trustee or
              Global Security      Global Security      such decrease or     Securities
                                                        increase             Custodian

</Table><Page>

                                                                   Exhibit 10.30

                                 AMENDMENT NO. 1

                  AMENDMENT NO. 1 dated as of January 17, 2002 in respect of the
Credit Agreement dated as of September 19, 2000 (as amended, modified,
supplemented and in effect from time to time, the "CREDIT AGREEMENT") among
PATHMARK STORES, INC. (the "BORROWER"), the LENDERS party thereto (individually,
a "LENDER" and collectively, the "LENDERS") and JPMORGAN CHASE BANK (formerly
known as The Chase Manhattan Bank), as Administrative Agent (the "ADMINISTRATIVE
AGENT").

                  The Borrower has requested that the Administrative Agent
consent to certain amendments to the Credit Agreement. The Administrative Agent,
pursuant to authority granted by, and having obtained all necessary consents of,
the Required Lenders (as defined in the Credit Agreement), has agreed to such
amendments and, accordingly, the parties hereto hereby agree as follows:

                  Section 1. DEFINITIONS. Except as otherwise defined in this
Amendment No. 1, terms defined in the Credit Agreement are used herein as
defined therein.

                  Section 2. AMENDMENTS. Subject to the conditions precedent set
forth in Section 4 below, but effective as of the date hereof, the Credit
Agreement shall be amended as follows:

                  2.01. References in the Credit Agreement (including references
to the Credit Agreement as amended hereby) to "this Agreement" (and indirect
references such as "hereunder", "hereby", "herein" and "hereof") shall be deemed
to be a reference to the Credit Agreement as amended hereby.

                  2.02. DEFINITIONS. Section 1.01 of the Credit Agreement is
hereby amended as follows:

                  (a) adding the following new definitions and inserting the
         same in the appropriate alphabetical locations to read in their
         entirety as follows:

                           "INITIAL SUBORDINATED INDEBTEDNESS" means the
                  Subordinated Indebtedness described in the Borrower's
                  confidential offering memorandum to be dated January 2002.

                           "INDUSTRIAL REVENUE BONDS" means (i) the 10.875%
                  industrial revenue bonds due December 1, 2003 issued by Berks
                  County International Development Authority in July 1982 in
                  connection with the Pathmark Shillington Project and (ii) the
                  10.5% industrial revenue bonds due November 1, 2003 issued by
                  the Delaware Economic Development Authority in March 1982 in
                  connection with the Pathmark Lancaster Project, in an
                  aggregate amount not to exceed $6,400,000.

                    AMENDMENT NO. 1 TO THE CREDIT AGREEMENT
                    ---------------------------------------

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                                      -2-

                           "SUBORDINATED INDEBTEDNESS" means Indebtedness
                  incurred in accordance with the provisions of Section 6.18.

                  (b) amending the definition of "CHANGE IN CONTROL" to read in
         its entirety as follows:

                           "CHANGE IN CONTROL" means (a) the acquisition of
                  ownership, directly or indirectly, beneficially or of record,
                  by any Person or group (within the meaning of the Securities
                  Exchange Act of 1934 and the rules of the Securities and
                  Exchange Commission thereunder as in effect on the date
                  hereof) other than the two largest shareholders of the
                  Borrower on the Effective Date, of shares representing more
                  than 25% of the aggregate ordinary voting power represented by
                  the issued and outstanding capital stock of the Borrower, (b)
                  occupation of a majority of the seats (other than vacant
                  seats) on the board of directors of the Borrower by Persons
                  who were neither (i) nominated by the board of directors of
                  the Borrower nor (ii) appointed by directors so nominated or
                  (c) the occurrence of any change of control event as defined
                  in any indenture in respect of Subordinated Indebtedness
                  requiring the Borrower to prepay, redeem or repurchase (or
                  make an offer to prepay, redeem or repurchase) any portion of
                  such Subordinated Indebtedness.

                  (c) amending the definition of "NET PROCEEDS" to add a new
         paragraph at the end thereof to read in its entirety as follows:

                           "Notwithstanding the foregoing, "Net Proceeds"
                  realized in respect of the incurrence of Indebtedness
                  permitted by Section 6.01(a)(xiii) shall be net of the amount
                  of the Industrial Revenue Bonds concurrently being paid with
                  the proceeds of such incurrence."

                  (d) amending clause (d) of the definition of "PREPAYMENT
         EVENT" to read in its entirety as follows:

                           "(d) the incurrence by the Borrower or any Subsidiary
                  of any Indebtedness, other than Indebtedness permitted by
                  Section 6.01(a), PROVIDED, HOWEVER that the incurrence of
                  Indebtedness permitted by Section 6.01(a)(xiii) shall
                  constitute a Prepayment Event for the purposes hereof; or"

                  2.03. INDEBTEDNESS. Section 6.01(a) of the Credit Agreement is
hereby amended by (i) deleting the "and" at the end of clause (xii) thereof,
(ii) renumbering existing clause (xiii) as clause (xiv) and (iii) inserting a
new clause (xiii) to read as follows:

                    AMENDMENT NO. 1 TO THE CREDIT AGREEMENT
                    ---------------------------------------

<Page>

                                      -3-

                  "(xiii) the Borrower may become and remain liable with respect
         to Subordinated Indebtedness in an aggregate principal amount not to
         exceed $350,000,000 at any time outstanding; and"

                  2.04. CAPITAL EXPENDITURES. Section 6.14 of the Credit
Agreement is hereby amended in its entirety to read as follows:

                  "The Borrower will not permit the aggregate amount of Capital
         Expenditures made by the Borrower and the Subsidiaries in any Fiscal
         Year to exceed the amount set forth below opposite such Fiscal Year:

<Table>
<Caption>
                      Fiscal Year                Amount
                      -----------                ------
<S>                        <C>                 <C>
                           2002                $127,500,000
                           2003                $135,000,000
                           2004                $135,000,000
                           2005                $140,000,000
                           2006                $145,000,000
                           2007                $150,000,000
</Table>

         The amount of permitted Capital Expenditures set forth above in respect
         of any Fiscal Year shall be increased by the lesser of (a) the amount
         of unused Capital Expenditures for the immediately preceding fiscal
         year (less an amount equal to any unused Capital Expenditures carried
         forward to such preceding fiscal year) and (b) $20,000,000, PROVIDED,
         however, that upon the receipt by the Borrower of the Net Proceeds of
         the issuance of at least $150,000,000 face amount of Subordinated
         Indebtedness (at a price not less than 2% below par), and the
         application of such Net Proceeds to the prepayment of Loans hereunder,
         each of the amounts specified in the chart above for each fiscal year
         ending after the date of the issuance of such Subordinated Indebtedness
         shall be increased by $30,000,000."

                  2.05. SUBORDINATED INDEBTEDNESS. A new Section 6.18 is hereby
added at the end of Article VI to read as follows:

                  "SECTION 6.18. SUBORDINATED INDEBTEDNESS. The Borrower may
         after the date hereof incur unsecured Subordinated Indebtedness subject
         to the following conditions:

                           (a) such Indebtedness shall be subordinated to the
                  obligations of the Borrower to pay principal of and interest
                  on the Loans, the reimbursement obligation in respect of any
                  LC Disbursement and all other amounts payable hereunder and
                  such subordination of the Initial Subordinated Indebtedness
                  only, shall be in form and substance reasonably satisfactory
                  to the Administrative Agent (the subordination provisions of
                  any subsequent Subordinated Indebtedness shall be
                  substantially similar to those of the Initial Subordinated
                  Indebtedness);

                           (b) such Indebtedness shall be an obligation of the
                  Borrower only, except that any Subsidiary Loan Party may
                  Guarantee any such Indebtedness, so long as such Guarantee is
                  subordinated to the obligations of such Subsidiary Loan Party

                    AMENDMENT NO. 1 TO THE CREDIT AGREEMENT
                    ---------------------------------------

<Page>

                                      -4-

                  under the Guarantee Agreement and the Security Documents and
                  such subordination of the Guarantee of the Initial
                  Subordinated Indebtedness only, shall be in form and substance
                  reasonably satisfactory to the Administrative Agent (the
                  subordination provisions of the Guarantee of any subsequent
                  Subordinated Indebtedness shall be substantially similar to
                  those of the Guarantee of the Initial Subordinated
                  Indebtedness);

                           (c) to the extent required pursuant to Section
                  2.11(b), the Net Proceeds of such Indebtedness shall be
                  applied to prepay Loans in the manner provided in Section
                  2.11(e);

                           (d) the terms of such Indebtedness shall not provide
                  for scheduled amortization of any portion of the principal
                  thereof prior to the date six months after the final maturity
                  of the Loans hereunder, it being understood that asset sale
                  offers and change of control offers are not deemed scheduled
                  amortization;

                           (e) financial and other covenants, events of default
                  and mandatory prepayments applicable to such Indebtedness
                  shall be on terms that are at the time customary in the market
                  for subordinated debt being incurred by borrowers, and in
                  transactions, comparable to the Borrower and the proposed debt
                  issuance;

                           (f) the terms and conditions of such Indebtedness
                  shall not contain any provision permitting the maturity of
                  such Indebtedness to be accelerated upon the occurrence of a
                  Default or Event of Default hereunder (but may contain a
                  provision permitting acceleration of such Indebtedness upon
                  the acceleration of the Loans hereunder or upon the failure of
                  the Borrower to make a principal payment at final maturity of
                  the Loans hereunder);

                           (g) the terms and conditions of such Indebtedness
                  shall contain financial covenants which are no more
                  restrictive to the Loan Parties than the covenants in this
                  Agreement and other covenants which, when taken as a whole,
                  are no more restrictive to the Loan Parties than the covenants
                  in this Agreement;

                           (h) at the time of issuance of such Indebtedness, and
                  after giving effect thereto, the Borrower shall be in
                  compliance with Sections 6.15 through 6.17 (the determination
                  of such compliance to be calculated under the assumption that
                  such Indebtedness was issued, at the beginning of the
                  respective period and that any other Indebtedness to be
                  retired with the proceeds thereof was in fact retired on such
                  date of issuance), and the Borrower shall have delivered to
                  the Administrative Agent a certificate of a Financial Officer
                  to such effect setting forth in reasonable detail the
                  computations necessary to determine such compliance; and

                           (i) at the time of such issuance, and after giving
                  effect thereto, no Default or Event of Default shall have
                  occurred and be continuing hereunder and the

                    AMENDMENT NO. 1 TO THE CREDIT AGREEMENT
                    ---------------------------------------
<Page>

                                      -5-

                  Borrower shall have delivered to the Administrative Agent a
                  certificate of a Financial Officer to such effect.

         Following any such issuance of Subordinated Indebtedness, neither the
         Borrower nor any of its Subsidiaries shall purchase, redeem, retire or
         otherwise acquire for value, or set apart any money for a sinking,
         defeasance or other analogous fund for, the purchase, redemption,
         retirement or other acquisition of, or make any voluntary payment or
         prepayment of the principal of or interest on, or any other amount
         owing in respect of, any Subordinated Indebtedness, except that the
         Borrower may make payments on the regularly-scheduled payment dates
         with respect to the principal of and interest on the Subordinated
         Indebtedness (as originally in effect). The Borrower will not designate
         any Indebtedness as "Designated Senior Indebtedness" (or equivalent
         term) under any indenture in respect of Subordinated Indebtedness other
         than the Indebtedness hereunder. Neither the Borrower nor any of its
         Subsidiaries will consent to any modification, supplement or waiver of
         any of the provisions of any Subordinated Indebtedness following its
         issuance if any such modification, supplement or waiver would render
         such Subordinated Indebtedness no longer compliant with the provisions
         of this Section 6.18 without the prior written consent of the Required
         Lenders."

                  Section 3. REPRESENTATIONS AND WARRANTIES. The Borrower
represents and warrants to the Lenders that:

                  (a) on the date hereof, and after giving effect to this
         Amendment No. 1, no Default is in existence and continuing; and

                  (b) the representations and warranties set forth in Section 3
         of the Credit Agreement are true and correct in all material respects
         on and as of the date hereof, except to the extent such representations
         and warranties specifically relate to an earlier date, in which case
         such representations and warranties shall have been true, correct and
         complete in all material respects on and as of such earlier date.

                  Section 4. CONDITIONS. The amendments to the Credit Agreement
set forth in Section 2 hereof shall become effective, as of the date hereof,
upon (i) the execution of this Amendment No. 1 by the Borrower and the
Administrative Agent and (ii) the payment to each Lender that authorizes the
Administrative Agent to execute this Amendment No. 1 not later than 5 p.m. New
York time on January 17, 2002, of an amendment fee in an amount equal to 1/20 of
1% of the sum of (x) the Revolving Commitment of such Lender on such date PLUS
(y) the aggregate outstanding principal amount of the Term Loans of such Lender
on such date.

                  Section 5. MISCELLANEOUS. Except as herein provided, the
Credit Agreement shall remain unchanged and in full force and effect. This
Amendment No. 1 may be executed in counterparts which, taken together, shall
constitute a single document and any of the parties hereto may execute this
Amendment No. 1 by signing any such counterpart. Terms defined in the Credit
Agreement are used herein as defined therein. This Amendment No. 1 shall be
governed by and construed in accordance with the law of the State of New York.

                    AMENDMENT NO. 1 TO THE CREDIT AGREEMENT
                    ---------------------------------------

<Page>

                                      -6-

                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment No. 1 to be duly executed as of the date and year first above written.

                                  PATHMARK STORES, INC.

                                  By /s/ Marc Strassler
                                    ------------------------------------------
                                    Name:  Marc Strassler
                                    Title: Senior Vice President, Secretary and
                                              General Counsel

                                  JPMORGAN CHASE BANK (formerly known
                                    as The Chase Manhattan Bank),
                                    as Administrative Agent

                                  By /s/ Teri Streusand
                                    ------------------------------------------
                                    Name:  Teri Streusand
                                    Title: Vice President

                    AMENDMENT NO. 1 TO THE CREDIT AGREEMENT
                    ---------------------------------------

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