9. Other Obligors
Each of the following Subsidiary Guarantors (as defined in the Indenture) have jointly and severally guaranteed the Applicant's payment obligations under the Indenture. The mailing address for each of the following is:
c/o Rite Aid Corporation 30 Hunter Lane Camp Hill, Pennsylvania 17011
112 Burleigh Avenue Norfolk, LLC 1515 West State Street Boise, Idaho, LLC 1525 Cortyou Road - Brooklyn Inc. 1740 Associates, LLC 3581 Carter Hill Road - Montgomery Corp. 4042 Warrensville Center Road - Warrensville Ohio, Inc. 5277 Associates, Inc. 537 Elm Street Corporation 5600 Superior Properties, Inc. 657-659 Broadway St. Corp. 764 South Broadway- Geneva, Ohio, LLC Ann & Government Streets- Mobile, Alabama, LLC Apex Drug Stores, Inc.
Baltimore/Annapolis Boulevard & Governor Richie Hwy-Glen Burnie, MD, LLC Broadview and Wallings -Broadview Heights Ohio, Inc. Central Avenue and Main Street- Petal, MS, LLC Dominion Action Four Corporation
Dominion Action One Corporation
Dominion Action Three Corporation
Dominion Action Two Corporation
Dominion Drug Stores Corporation
Drug Fair of PA, Inc.
Drug Fair, Inc.
Eagle Managed Care Corp.
Eighth and Water Streets- Uhrichsville, Ohio, LLC England Street-Asheland Corporation
GDF, Inc.
Gettysburg and Hoover-Dayton, Ohio, LLC
Gratiot & Center- Saginaw Township, Michigan, LLC Harco, Inc.
Jaime Nathan Travis Corporation
K&B Alabama Corporation
K&B Florida Corporation
K&B Louisiana Corporation
K&B Mississippi Corporation
K&B Services, Inc.
K&B Tennessee Corporation
K&B Texas Corporation
K&B Trainees, Inc.
K&B, Incorporated
Katz & Besthoff, Inc.
Keystone Centers, Inc.
Lakehurst and Broadway Corporation
Mayfield & Chillicothe Roads- Chesterland, LLC Munson & Andrews, LLC
Name Rite, LLC
Northline & Dix- Toledo- Southgate, LLC
Ocean Acquisition Corporation
P.L.D. Enterprises, Inc.
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.
PL Xpress, Inc.
Portfolio Medical Services, Inc.
Rack Rite Distributors, Inc.
Ram-Utica, Inc.
RDS Detroit, Inc.
Reads, Inc.
Rite Aid Drug Palace, Inc.
Rite Aid Hdqtrs. Corp.
Rite Aid of Alabama, Inc.
Rite Aid of Connecticut, Inc.
Rite Aid of Delaware, Inc.
Rite Aid of Florida, Inc.
Rite Aid of Georgia, Inc.
Rite Aid of Illinois, Inc.
Rite Aid of Indiana, Inc.
Rite Aid of Kentucky, Inc.
Rite Aid of Maine, Inc.
Rite Aid of Maryland, Inc.
Rite Aid of Massachusetts, Inc.
Rite Aid of Michigan, Inc.
Rite Aid of New Hampshire, Inc.
Rite Aid of New Jersey, Inc.
Rite Aid of New York, Inc.
Rite Aid of North Carolina, Inc.
Rite Aid of Ohio, Inc.
Rite Aid of Pennsylvania, Inc.
Rite Aid of South Carolina, Inc.
Rite Aid of Tennessee, Inc.
Rite Aid of Vermont, Inc.
Rite Aid of Virginia, Inc.
Rite Aid of Washington, D.C., Inc.
Rite Aid of West Virginia, Inc.
Rite Aid Realty Corp.
Rite Aid Rome Distribution Center, Inc.
Rite Aid Transport, Inc.
Rite Aid Venturer #1, Inc.
Rite Fund, Inc.
Rite Investments Corporation
Rx Choice, Inc.
Script South, Inc.
Seven Mile and Evergreen- Detroit, LLC
Silver Springs Road- Baltimore, Maryland/One, LLC Silver Springs Road- Baltimore, Maryland/Two, LLC Sophie One Corp.
State & Fortification Streets- Jackson, Mississippi, LLC State Street and Hill Road- Gerard, Ohio, LLC Super Distributors, Inc.
Super Ice Cream Suppliers, Inc.
Super Laboratories, Inc.
Super Pharmacy Network, Inc.
Super Tobacco Distributors, Inc.
The Lane Drug Company
The Muir Company
Thrifty Corporation
Thrifty PayLess, Inc.
Thrifty Wilshire, Inc.
Tyler and Sanders Roads, Birmingham- Alabama, LLC Virginia Corporation
W.R.A.C., Inc.
Fairground, LLC
Laverdiere's Enterprises, Inc.
Contents of Application for Qualification. This application for qualification comprises:
(a) Pages numbered 1 to 20 consecutively. (b) The statement of eligibility and qualification on Form T-1 of BNY Midwest Trust Company, as Trustee under the Indenture to be qualified (included as Exhibit 25.1 hereto). (c) The following Exhibits in addition to those filed as part of the statement of eligibility and qualification of such Trustee:Exhibit T3A.1 Restated Certificate of Incorporation dated December 12, 1996 (filed as Exhibit 3(i) to the Applicant's Form 8-K filed on November 2, 1999 and incorporated by reference herein).Exhibit T3A.2 Certificate of Amendment to the Restated Certificate of Incorporation dated October 25, 1999 (filed as Exhibit 3(ii) to the Applicant's Form 8-K filed on November 2, 1999 and incorporated by reference herein).Exhibit T3A.3 Series C Preferred Stock Certificate of Designation dated June 26, 2001 (filed as Exhibit 3.3 to the Applicant's Registration Statement on Form S-1, File No. 333-64950, filed on July 12, 2001 and incorporated by reference herein).Exhibit T3A.4 Certificate of Amendment to Restated Certificate of Incorporation dated June 27, 2001 (filed as Exhibit 3.4 to the Applicant's Registration Statement on Form S-1, File No 333-64960, filed on July 12, 2001 and incorporated by reference herein).Exhibit T3.5 8% Series D Cumulative Convertible Pay-in-Kind Preferred Stock Certificate of Designation dated October 3, 2001 (filed as Exhibit 3.5 to the Applicant's Quarterly Report on Form 10-Q, filed on October 12, 2001 and incorporated by reference herein).Exhibit T3B.1 By-laws, as amended on November 8, 2000 (filed as Exhibit 3.1 to the Applicant's Form 8-K filed on November 13, 2000 and incorporated by reference herein).Exhibit T3B.2 Amendment to By-laws, adopted January 30, 2002.Exhibit T3C Form of Indenture between Rite Aid Corporation, and BNY Midwest Trust Company, as Trustee.Exhibit T3D.1 Stipulation and Agreement of Settlement of the class action and derivative lawsuits, dated as of December 18, 2001.Exhibit T3D.2 Memorandum of the United States District Court for the Eastern District of Pennsylvania, dated June 8, 2001.Exhibit T3D.3 Revised Order and Final Judgment of United States District Court for the Eastern District of Pennsylvania, dated August 16, 2001.Exhibit T3D.4 Revised Order of Final Judgment and Dismissal of United States District Court for the Eastern District of Pennsylvania, dated August 16, 2001.Exhibit T3F Cross-reference sheet (included as part of Exhibit T3C).Exhibit 25.1 Form T-1 qualifying BNY Midwest Trust Company as Trustee under the Indenture to be qualified.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the applicant, Rite Aid Corporation, a corporation organized and existing under the laws of State of Delaware, has duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, all in the City of New York, and State of New York, on the 4th day of March 2002.
[SEAL] RITE AID CORPORATION By: /s/ Elliot S. Gerson ----------------------------- (Name) Elliot S. Gerson Senior Executive Vice President and General Counsel ----------------------------- (Title)Attest: /s/ Robert B. Sari ------------------------- Robert B. Sari Secretary
Exhibit T3B.2
RESOLVED, that Article III, Section 1, of the Bylaws of the Corporation are hereby amended by adding the following at the end thereof:
Except for those persons who were serving as directors on January 1, 2002, no person shall be eligible to be elected or appointed to serve as a director after having reached 72 years of age.
` Exhibit T3C
RITE AID CORPORATION
as Issuer
and
BNY MIDWEST TRUST COMPANY
as Trustee
Indenture
Dated as of March , 2002
$149,500,000 Senior Secured Notes due March 15, 2006
TABLE OF CONTENTS PageARTICLE I Definitions and Other Provisions of General Application........................................1SECTION 1.01. Definitions........................................................................2SECTION 1.02. Compliance Certification and Opinions.............................................22SECTION 1.03. Form of Documents Delivered To Trustee............................................23SECTION 1.04. Acts of Holders; Record Date......................................................24SECTION 1.05. Notices, Etc., To Trustee and the Company.........................................25SECTION 1.06. Notice To Holders; Waiver.........................................................25SECTION 1.07. Conflict with Trust Indenture Act.................................................25SECTION 1.08. Effect of Headings and Table of Contents..........................................26SECTION 1.09. Successors and Assigns............................................................26SECTION 1.10. Separability Clause...............................................................26SECTION 1.11. Benefits of Indenture.............................................................26SECTION 1.12. Governmental Law..................................................................26SECTION 1.13. Legal Holidays....................................................................26ARTICLE II Security Forms...............................................................................27SECTION 2.01. Forms Generally; Initial Forms of Securities......................................27SECTION 2.02. Form of Face of Security..........................................................27ARTICLE III The Securities..............................................................................36SECTION 3.01. Title and Terms...................................................................36SECTION 3.02. Denominations.....................................................................36SECTION 3.03. Execution, Authentication, Delivery and Dating....................................36SECTION 3.04. Temporary Securities..............................................................37SECTION 3.05. Global Securities and Other Securities............................................37SECTION 3.06. Registration, Registration of Transfer and Exchange...............................38SECTION 3.07. Mutilated, Destroyed, Lost and Stolen Securities..................................40SECTION 3.08. Payment of Interest; Interest Rights Preserved....................................40SECTION 3.09. Persons Deemed Owners.............................................................41SECTION 3.10. Cancellation......................................................................42SECTION 3.11. Cusip Numbers.....................................................................42SECTION 3.12. Transfer Prior to the Release Date................................................42SECTION 3.13. Transfers to Affiliates of the Company............................................42SECTION 3.14. Cancellation of Securities and Return of Interest to the Company..................43ARTICLE IV Satisfaction and Discharge...................................................................43SECTION 4.01. Satisfaction and Discharge of Indenture...........................................43SECTION 4.02. Application of Trust Money........................................................44ARTICLE V Remedies......................................................................................45SECTION 5.01. Events of Default.................................................................45SECTION 5.02. Acceleration of Maturity; Rescission and Annulment................................47SECTION 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee...................48SECTION 5.04. Trustee May File Proofs of Claim..................................................49SECTION 5.05. Trustee May Enforce Claims Without Possession of Securities.......................49SECTION 5.06. Application of Money Collected....................................................50SECTION 5.07. Limitation on Suits...............................................................50SECTION 5.08. Unconditional Right of Holders To Receive Principal and Interest..................51SECTION 5.09. Restoration of Rights and Remedies................................................51SECTION 5.10. Rights and Remedies Cumulative....................................................51SECTION 5.11. Delay or Omission Not Waiver......................................................51SECTION 5.12. Control by Holders................................................................51SECTION 5.13. Waiver of Past Defaults...........................................................52SECTION 5.14. Undertaking for Costs.............................................................52SECTION 5.15. Waiver of Stay or Extension Laws..................................................52SECTION 5.16. Enforcement of Remedies...........................................................52ARTICLE VI The Trustee..................................................................................53SECTION 6.01. Certain Duties and Responsibilities...............................................53SECTION 6.02. Notice of Defaults................................................................53SECTION 6.03. Certain Rights of Trustee.........................................................53SECTION 6.04. Not Responsible for Recitals or Issuance of Securities............................55SECTION 6.05. May Hold Securities...............................................................55SECTION 6.06. Money Held in Trust...............................................................55SECTION 6.07. Compensation and Reimbursement....................................................55SECTION 6.08. Disqualification; Conflicting Interest............................................56SECTION 6.09. Corporate Trustee Required; Eligibility...........................................56SECTION 6.10. Resignation and Removal; Appointment of Successor.................................57SECTION 6.11. Acceptance of Appointment by Successor............................................58SECTION 6.12. Merger, Conversion, Consolidation or Succession to Business.......................58SECTION 6.13. Preferential Collection of Claims Against Company.................................59ARTICLE VII Holders' Lists and Reports by Trustee and Company...........................................59SECTION 7.01. Company To Furnish Trustee Names and Addresses of Holders.........................59SECTION 7.02. Preservation of Information; Communications to Holders............................59SECTION 7.03. Reports by Trustee................................................................60SECTION 7.04. Reports by Company................................................................60ARTICLE VIII Consolidation, Merger, Conveyance, Transfer or Lease.......................................60SECTION 8.01. Company and the Subsidiary Guarantors May Consolidate, Etc., Only on Certain Terms...........................................................60SECTION 8.02. Successor Substituted.............................................................62ARTICLE IX Supplemental Indentures......................................................................63SECTION 9.01. Supplemental Indentures Without Consent of Holders................................63SECTION 9.02. Supplemental Indentures with Consent of Holders...................................64SECTION 9.03. Execution of Supplemental Indentures..............................................65SECTION 9.04. Effect of Supplemental Indentures.................................................65SECTION 9.05. Conformity with Trust Indenture Act...............................................66SECTION 9.06. Reference in Securities to Supplemental Indentures................................66ARTICLE X Covenants.....................................................................................66SECTION 10.01. Payment of Principal and Interest.................................................66SECTION 10.02. Maintenance of Office or Agency...................................................66SECTION 10.03. Money for Security Payments To Be Held in Trust...................................67SECTION 10.04. Corporate Existence...............................................................68SECTION 10.05. Maintenance of Properties.........................................................68SECTION 10.06. Payment of Taxes and Other Claims.................................................68SECTION 10.07. Insurance.........................................................................68SECTION 10.08. Restrictions on Funded Debt of Restricted Subsidiaries............................69SECTION 10.09. Restriction on Sales with Leases Back.............................................69SECTION 10.10. Restrictions on Secured Debt......................................................70SECTION 10.11. Restrictions on Impairment of Security Interest...................................71SECTION 10.12. Restrictions on Amendments to Collateral Documents................................71SECTION 10.13. Future Subsidiary Guarantors......................................................72SECTION 10.14. Application of Collateral Proceeds................................................72SECTION 10.15. Restrictions on Permitting Unrestricted Subsidiaries To Become Restricted Subsidiaries...............................................74SECTION 10.16. Statement by Officers as to Default...............................................74SECTION 10.17. Waiver of Certain Covenants.......................................................74SECTION 10.18. Further Actions...................................................................75ARTICLE XI Redemption of Securities.....................................................................75SECTION 11.01. Right of Redemption...............................................................75SECTION 11.02. Election To Redeem; Notice To Trustee.............................................75SECTION 11.03. Selection by Trustee of Securities To Be Redeemed.................................75SECTION 11.04. Notice of Redemption..............................................................76SECTION 11.05. Deposit of Redemption Price.......................................................76SECTION 11.06. Securities Payable on Redemption Date.............................................76SECTION 11.07. Securities Redeemed in Part.......................................................77ARTICLE XII Defeasance and Covenant Defeasance..........................................................77SECTION 12.01. Company's Option To Effect Defeasance or Covenant Defeasance......................77SECTION 12.02. Defeasance and Discharge..........................................................77SECTION 12.03. Covenant Defeasance...............................................................78SECTION 12.04. Conditions to Defeasance or Covenant Defeasance...................................78SECTION 12.05. Deposited Money and U.S. Government Obligations To Be Held in Trust; Other Miscellaneous Provisions.............................80SECTION 12.06. Reinstatement.....................................................................80
Reconciliation and tie between Trust Indenture Act of 1939 and Indenture dated as of March o, 2002
Trust Indenture Indenture Act Section Section-------------------------- ---------------------310 (a)(1) ................................... 6.09 (a)(2) ................................... 6.09 (a)(3) ................................... Not Applicable (a)(4) ................................... Not Applicable (b) ................................... 6.08 ................................... 6.10311 (a) ................................... 6.13 (b) ................................... 6.13 (b) (2) ................................... 7.03312 (a) ................................... 7.01 ................................... 7.02 (a) (b) ................................... 7.02 (b) (c) ................................... 7.02 (c)313 (a) ................................... 7.03 (a) (b) ................................... 7.03 (a) (c) ................................... 7.03 (a) (d) ................................... 7.03 (b)314 (a) ................................... 7.04 (b) ................................... Not Applicable (c) (1) ................................... 1.02 (c) (2) ................................... 1.02 (c) (3) ................................... Not Applicable (d) ................................... Not Applicable (e) ................................... 1.02315 (a) ................................... 6.01 (b) ................................... 6.02 ................................... 7.03 (a) (c) ................................... 6.01 (d) ................................... 6.01 (d) (1) ................................... 6.03 (d) (2) ................................... 6.03 (d) (3) ................................... 6.03 (e) ................................... 5.14316 (a) (1) (A) ................................... 5.12 (a) (1) (B) ................................... 5.13 (a) (2) ................................... Not Applicable (b) ................................... 5.08317 (a) (1) ................................... 5.03 (a) (2) ................................... 5.04 (b) ................................... 10.03318 (a) ................................... 1.07-----------------------
Note: This is reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture.
INDENTURE, dated as of March , 2002, among Rite Aid Corporation, a corporation duly organized and existing under the laws of the State of Delaware (herein called "Rite Aid" or the "Company"), having its principal office at 30 Hunter Lane, Camp Hill, Pennsylvania, 17011, each of the Subsidiary Guarantors named herein and BNY Midwest Trust Company, an Illinois trust company, as Trustee (herein called the "Trustee").
RECITALS OF THE COMPANY
The Company has duly authorized the creation of $149,500,000 aggregate principal amount of its Senior Secured Notes due March 15, 2006, bearing interest at the interest rates set forth herein (the "Securities"), in substantially the tenor and amount hereinafter set forth, and to provide therefore, the Company has duly authorized the execution and delivery of this Indenture.
The Securities shall initially be issued to First Union National Bank as escrow agent (the "Escrow Agent") and will be held in escrow until the Release Date pursuant to the Escrow Agreement. The Escrow Agreement will provide that on the Release Date, the Securities will be transferred to the Trustee to exchange the certificated Securities for one or more Global Notes. If a Material Reversal occurs prior to the occurrence of the Release Date, the Escrow Agent shall immediately transfer the Securities to the Company for delivery to the Trustee for cancellation and the Escrow Agent shall pay any and all interest previously paid by the Company, together with any earnings thereon, to the Company in immediately available funds. The Securities are subject to restrictions on transfer prior to the Release Date, as set forth herein.
All things necessary (i) to make the Securities, when executed by the Company and authenticated and delivered hereunder and duly issued by the Company, the valid obligations of the Company and (ii) to make this Indenture a valid agreement of the Company and the Subsidiary Guarantors, all in accordance with their respective terms, have been done. |
