NOTICE OF GUARANTEED DELIVERY
for
Rite Aid Corporation
This form or one substantially equivalent hereto must be used to accept the
Exchange Offer of Rite Aid Corporation (the "Company") made pursuant to the
prospectus, dated [ ] (the "Prospectus"), if certificates for the
outstanding 12.50% Senior Secured Notes due 2006 of the Company (the "Old
Notes") are not immediately available or if the procedure for book-entry
transfer cannot be completed on a timely basis or time will not permit all
required documents to reach State Street Bank and Trust Company, as exchange
agent (the "Exchange Agent") prior to 5:00 p.m., New York City time, on the
Expiration Date of the Exchange Offer. Such form may be delivered or
transmitted by facsimile transmission, mail or hand delivery to the Exchange
Agent as set forth below. In addition, in order to utilize the guaranteed
delivery procedure to tender Old Notes pursuant to the Exchange Offer, a
completed, signed and dated letter of transmittal (or facsimile thereof) must
be received by the Exchange Agent prior to 5:00 p.m., New York City time, on
the Expiration Date. Holders of Old Notes who have previously validly
delivered a notice of guaranteed delivery pursuant to the procedures outlined
above and as further described in the Prospectus are not required to use this
form. Holders of Old Notes who have previously validly tendered Old Notes for
exchange or who validly tender Old Notes for exchange in accordance with this
Form may withdraw any Old Notes so tendered at any time prior to the
Expiration Date. See the Prospectus under the heading "The Exchange Offer" for
a more complete description of the tender and withdrawal provisions.
Capitalized terms not defined herein shall have the respective meanings
ascribed to them in the Prospectus.
Delivery to:
STATE STREET BANK AND TRUST COMPANY
By Facsimile: By Mail: By Hand before 4:30 p.m.:
(617) 662-1452 2 Avenue de Lafayette 2 Avenue de Lafayette
Corporate Trust Department Corporate Trust Department
Confirm by Telephone: 5th Floor 5th Floor
(617) 662-1548 Boston, Massachusetts 02102 Boston, Massachusetts 02102
Attention: Ralph Jones Attention: Ralph Jones Attention: Ralph Jones
By Overnight Courier and By Hand after 4:30 p.m. on the Expiration Date:
2 Avenue de Lafayette
Corporate Trust Department, 5th Floor
Boston, Massachusetts 02102
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE, OR
TRANSMISSION OF THIS INSTRUMENT VIA FACSIMILE OTHER THAN AS SET FORTH ABOVE,
WILL NOT CONSTITUTE A VALID DELIVERY.
Ladies and Gentlemen:
Upon the terms and conditions set forth in the Prospectus and the
accompanying Letter of Transmittal, the undersigned hereby tenders to the
Company the principal amount of Old Notes set forth below pursuant to the
guaranteed delivery procedure described in "The Exchange Offer--Guaranteed
Delivery Procedures" section of the Prospectus.
Principal Amount of 12.50% Senior Secured Notes Tendered:*
$______________________________
Certificate Nos. (if available): If 12.50% Senior Secured Notes will be
delivered by book-entry transfer to The
Depository Trust Company, provide account
number.
_______________________________
Total Principal Amount Represented by Old Notes Certificate(s):
$______________________________ Account Number ____________________________
All authority herein conferred or agreed to be conferred shall survive the
death or incapacity of the undersigned and every obligation of the undersigned
hereunder shall be binding upon the heirs, personal representatives,
successors and assigns of the undersigned.
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* Must be in denominations of principal amount of $1,000 and any integral
multiple thereof.
PLEASE SIGN HERE
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Signature(s) of Owner(s) or Authorized Signatory Date
Area Code and Telephone Number:
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Must be signed by the holder(s) of Old Notes as their name(s) appear(s) on
certificates for Old Notes or on a security position listing, or by person(s)
authorized to become registered holder(s) by endorsement and documents
transmitted with this Notice of Guaranteed Delivery. If signature is by a
trustee, executor, administrator, guardian, attorney-in-fact, officer or other
person acting in a fiduciary or representative capacity, such person must set
forth his or her full title below.
Please print name(s) and address(s)
Name(s):
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Capacity:
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Address(es):
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GUARANTEE
(Not to be used for signature guarantees)
The undersigned, a financial institution that is a participant in the
Securities Transfer Agents Medallion Program, the New York Stock Exchange
Medallion Signature Program or the Stock Exchanges Medallion Program, hereby
guarantees that the certificates representing the principal amount of Old
Notes tendered hereby in proper form for transfer, or timely confirmation of
the book-entry transfer of such Old Notes into the Exchange Agent's account at
The Depository Trust Company pursuant to the procedures set forth in "The
Exchange Offer--Guaranteed Delivery Procedures" section of the Prospectus,
together with one or more properly completed and duly executed Letters of
Transmittal (or facsimile thereof or Agent's Message in lieu thereof) and any
required signature guarantee and any other documents required by the Letter of
Transmittal, will be received by the Exchange Agent at the address set forth
above, no later than three New York Stock Exchange trading days after the date
of execution of the Notice of Guaranteed Delivery.
Name of Firm: Authorized Signature:
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Address:
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Title
Name:
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Zip Code Please Type or Print
Area Code and Telephone No.: Dated: , 2001
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NOTE: DO NOT SEND CERTIFICATES FOR OLD NOTES WITH THIS FORM. CERTIFICATES FOR
OLD NOTES SHOULD BE SENT ONLY WITH A COPY OF YOUR PREVIOUSLY EXECUTED LETTER
OF TRANSMITTAL.