SECONDSUPPLEMENTAL INDENTURE dated as of July 9,2008 between RITEAID CORPORATION and THEBANK OF NEW YORK MELLON TRUST COMPANY, N.A. as successor trustee to TheBank of New York Trust Company, N.A. to the INDENTURE dated as of February 21,2007 between RITEAID CORPORATION and THEBANK OF NEW YORK TRUST COMPANY, N.A. as Trustee 8.625% Senior Notes due 2015
Exhibit 4.16
SECOND SUPPLEMENTAL INDENTURE
dated as of July 9, 2008
between
RITE AID CORPORATION
and
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
as successor trustee to The Bank of New York Trust Company, N.A.
to the
INDENTURE
dated as of February 21, 2007
between
RITE AID CORPORATION
and
THE BANK OF NEW YORK TRUST COMPANY, N.A.
as Trustee
8.625% Senior Notes due 2015
THIS SECOND SUPPLEMENTAL INDENTURE (the Second Supplemental Indenture), dated as of July 9, 2008, among Rite Aid Corporation, a Delaware corporation (the Company), each of the subsidiary guarantors of the Company listed on Schedule I hereto (the Subsidiary Guarantors) and The Bank of New York Mellon Trust Company, N.A. (the Trustee), as successor Trustee, under the Indenture referred to below.
W I T N E S S E T H:
WHEREAS, the Company has heretofore executed and delivered an indenture dated as of February 21, 2007, as amended by the First Supplemental Indenture thereto, dated as of June 4, 2007 (such supplemental indenture, the First Supplemental Indenture and the indenture as amended by the First Supplemental Indenture, the Indenture), between the Company, each of the Subsidiary Guarantors and the Trustee, pursuant to which the Company has issued its 8.625% Senior Notes due 2015 (the Notes) and the Subsidiary Guarantors have provided subsidiary guarantees (the Notes together with the subsidiary guarantees, the Securities);
WHEREAS, Section 9.01(1) of the Indenture provides that, subject to certain conditions, the Company, the Subsidiary Guarantors and the Trustee may amend the Indenture or the Securities without notice to or consent of any Holder to cure any ambiguity, omission, defect or inconsistency;
WHEREAS, the Company and each of the Subsidiary Guarantors are undertaking to execute and deliver this Second Supplemental Indenture to cure an omission and defect in Section 4.03(2)(s) of the Indenture and to cure a defect in Schedule I to the First Supplemental Indenture; and
WHEREAS, the Board of Directors of the Company and the Boards of Directors, Boards of Managers or Partners of the Subsidiary Guarantors have authorized and approved the execution and delivery of this Second Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
ARTICLE I
CAPITALIZED TERMS
Section 1.01 Amendments to the Indenture. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture.
ARTICLE II
AMENDMENTS AND WAIVERS
Section 2.01 Amendments to Section 4.03(2)(s). Section 4.03(2)(s) is amended in its entirety to read as follows:
(s) Permitted Refinancing Debt Incurred in respect of Debt Incurred pursuant to clause (1) of the first paragraph of this section 4.03 and clauses (a), (c), (d), (e), (k), (m) and (q) above; and
Section 2.02 Amendment to the Indenture. The Indenture is hereby amended by replacing Schedule 1 of the First Supplemental Indenture with the corrected Schedule 1 attached hereto.
Section 2.03 Effect of Amendments. For the avoidance of doubt, from and after the effectiveness of this Second Supplemental Indenture, all references to the Subsidiary Guarantors in the Indenture shall mean the Subsidiary Guarantors as defined in the Indenture, but shall not include PJC Essex Realty LLC, PJC Norwich Realty LLC and PJC Peterborough Realty II LLC.
ARTICLE III
MISCELLANEOUS
Section 3.01 Ratification of Indenture; Second Supplemental Indenture Part of Indenture. (i) Except as expressly supplemented hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Second Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of the Securities heretofore or hereafter authenticated and delivered shall be bound hereby. In the event of a conflict between the terms and conditions of the Indenture and the terms and conditions of this Second Supplemental Indenture, then the terms and conditions of this Second Supplemental Indenture shall prevail.
(ii) This Second Supplemental Indenture shall become effective upon its execution and delivery by the Company, the Subsidiary Guarantors and the Trustee.
(iii) The Notes include certain of the foregoing provisions from the Indenture. Upon the operative date of this Second Supplemental Indenture, such provisions from the Notes shall be deemed deleted or amended as applicable.
Section 3.02 Governing Law.
THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SECOND SUPPLEMENTAL INDENTURE 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.
Section 3.03 Trustee Makes No Representation.
The recitals contained herein are those of the Company and the Subsidiary Guarantors and not the Trustee, and the Trustee assumes no responsibility for the correctness of same. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this Second Supplemental Indenture.
Section 3.04 Counterparts.
The parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
Section 3.05 Effect of Headings.
The section headings herein are for convenience only and shall not effect the construction thereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed as of the date first written above.
| RITE AID CORPORATION | |||
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| By: | /s/ Robert B. Sari | ||
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| Name: | Robert B. Sari | |
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| Title: | Executive Vice President, | |
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| Secretary and General Counsel | |
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| EACH OF THE SUBSIDIARY GUARANTORS | |||
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| By: | /s/ Robert B. Sari | ||
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| Name: | Robert B. Sari | |
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| Title: | Authorized Person | |
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| THE BANK OF NEW YORK MELLON TRUST | |||
| COMPANY, N.A., as Trustee | |||
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| By: | /s/ D.G. Donovan | ||
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| Name: | D.G. Donovan | |
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| Title: | Vice President | |
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SCHEDULE I
Subsidiary Guarantors
1515 West State Street Boise, Idaho, LLC
Ann & Government Streets- Mobile, Alabama, LLC
Brooks Pharmacy, Inc.
Central Avenue and Main Street-Petal, MS, LLC
Eagle Managed Care Corp.
Eckerd Corporation
EDC Licensing, Inc.
Eighth and Water Streets-Urichsville, Ohio, LLC
Genovese Drug Stores, Inc.
JCG (PJC) USA, LLC
JCG Holdings (USA), Inc.
K&B, Incorporated
Maxi Drug North, Inc.
Maxi Drug South, L.P.
Maxi Drug, Inc.
Munson & Andrews, LLC
Name Rite, L.L.C.
P.J.C. Distribution, Inc.
P.J.C. Realty Co., Inc.
Paw Paw Lake Road & Paw Paw Avenue-Coloma, Michigan, LLC
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 Peterborough Realty LLC
PJC Providence Realty LLC
PJC Realty N.E. LLC
PJC Revere Realty LLC
PJC Special Realty Holdings, Inc.
Rite Aid Drug Palace, Inc.
Rite Aid Hdqtrs. Corp.
Rite Aid Hdqtrs. Funding, Inc.
Rite Aid Services, L.L.C.
Rite Aid of Delaware, Inc.
Rite Aid of New York, Inc.
Rite Aid Rome Distribution Center, Inc.
Rite Aid Realty Corp.
Rite Aid Transport, Inc.
Rite Fund, Inc.
Rite Investments Corp.
Rx Choice, Inc.
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.
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Thrift Drug Services, Inc.
Thrift Drug, Inc.
Tyler and Sanders Roads, Birmingham-Alabama, LLC
112 Burleigh Avenue Norfolk, LLC
1740 Associates, LLC
3581 Carter Hill Road-Montgomery Corp.
4042 Warrensville Center Road-Warrensville Ohio, Inc.
5277 Associates, Inc.
537 Elm Street Corp.
5600 Superior Properties, Inc.
657-659 Broad St. Corp.
764 South Broadway-Geneva, Ohio, LLC
Apex Drug Stores, Inc.
Broadview and Wallings-Broadview Heights Ohio, Inc.
Eckerd Fleet, Inc.
EDC Drug Stores, Inc.
England Street-Asheland Corporation
Fairground, L.L.C.
GDF, Inc.
Gettysburg and Hoover-Dayton, Ohio, LLC
Harco, Inc.
K&B Alabama Corporation
K&B Louisiana Corporation
K&B Mississippi Corporation
K&B Services, Incorporated
K&B Tennessee Corporation
K&B Texas Corporation
Keystone Centers, Inc.
Lakehurst and Broadway Corporation
Maxi Green, Inc.
Mayfield & Chillicothe Roads-Chesterland, LLC
MC Woonsocket, Inc.
Northline & Dix-Toledo-Southgate, LLC
P.J.C. of West Warwick, Inc.
Patton Drive and Navy Boulevard Property Corporation
PDS-1 Michigan, Inc.
Perry Distributors, Inc.
Perry Drug Stores, Inc.
PJC of Cranston, Inc.
PJC of East Providence, Inc.
PJC of Massachusetts, Inc.
PJC of Rhode Island, Inc.
PJC of Vermont, Inc.
PJC Realty MA, Inc.
RDS Detroit, Inc.
Ram-Utica, Inc.
READs Inc.
Rite Aid of Alabama, Inc.
Rite Aid of Connecticut, 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.
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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 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.
Seven Mile and Evergreen-Detroit, LLC
The Lane Drug Company
Thrifty Corporation
Thrifty PayLess, Inc.
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