Exhibit
10.1


AGREEMENT


This Agreement,
dated as of August 2, 2006 (“Agreement”), is by and among The Pep Boys — Manny,
Moe & Jack, a Pennsylvania corporation (the “Company”), and the other
persons and entities that are signatories hereto (collectively, the “Barington
Group,” and each, individually, a “member” of the Barington Group) which
presently are or may be deemed to be members of a “group” with respect to the
common stock of the Company, par value $1.00 per share (the “Common Stock”),
pursuant to Rule 13d-5 promulgated by the Securities and Exchange Commission
(the “SEC”) under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”).


WHEREAS, the Barington Group has publicly stated that
it intended to solicit proxies for the election of its own opposition slate of
nominees (the “Proxy Solicitation”) for election to the Company’s board of
directors (the “Board”) at the 2006 annual meeting of shareholders of the
Company (the “2006 Annual Meeting”);


WHEREAS, the Company and the members of the Barington
Group have determined that the interests of the Company and its shareholders
would be best served at this time by, among other things, avoiding the Proxy
Solicitation and the expense and disruption that may result therefrom; and


WHEREAS, on or prior to the date hereof, Lawrence
Stevenson, Benjamin Strauss and Malcolmn Pryor have resigned or retired from
the Board, resulting in three vacancies existing on the Board.


NOW, THEREFORE, in
consideration of the foregoing premises and the mutual covenants and agreements
contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereto, intending
to be legally bound hereby, agree as follows:


1.             Representations
and Warranties of the Company.  The
Company hereby represents and warrants to the Barington Group that (a) this
Agreement has been duly authorized, executed and delivered by the Company, and
is a valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms, except as enforcement thereof may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance or similar laws generally affecting the rights of
creditors and subject to general equity principles; (b) neither the execution
of this Agreement nor the consummation of any of the transactions contemplated
hereby nor the fulfillment of the terms hereof, in each case in accordance with
the terms hereof, will conflict with, or result in a breach or violation of, or
result in the imposition of any lien, charge or encumbrance upon any property
or assets of the Company or any of its subsidiaries pursuant to the terms of,
any indenture, contract, lease, mortgage, deed of trust, note agreement, loan agreement
or other agreement, obligation, condition, covenant or instrument to which the
Company or any of its subsidiaries is a party or bound or to which its or their
property is subject; (c) the execution and delivery by the Company of this
Agreement and the performance by the Company of its obligations hereunder do
not and will not violate the Articles of Incorporation of the Company, as
amended, the By-laws of the Company, as amended, or any policy, procedure,
charter or code of the Company; and (d) the 









 



execution and delivery by the Company of this
Agreement and the performance by the Company of its obligations hereunder do
not and will not (i) violate in any material respect any law, rule, regulation
or order of any court or other agency of government that is applicable to the
Company or (ii) have a material adverse effect on the enforceability of this
Agreement.


2.             Representations
and Warranties of the Barington Group. 
Each member of the Barington Group represents and warrants to the
Company that this Agreement has been duly authorized, executed and delivered by
such member, and is a valid and binding obligation of such member, enforceable
against such member in accordance with its terms, except as enforcement thereof
may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance or similar laws generally affecting the
rights of creditors and subject to general equity principles.


3.             Board
Matters.


(a)           Prior to the execution of this
Agreement (i) the Nominating and Governance Committee of the Board has reviewed
and approved the qualifications of  James
A. Mitarotonda, Max L. Lukens, Alan S. Bernikow and James A. Williams (each
individually, a “Barington Director” and collectively, the “Barington Directors”)
to serve as members of the Board and (ii) the Board has determined that each of
the Barington Directors are “independent” as defined by the listing standards
of the New York Stock Exchange (a person qualifying as independent, as so
defined, an “Independent Director”);


(b)           Concurrently with the execution of
this Agreement,


(i)            the
Company shall increase the size of the Board from nine (9) to ten (10)
directors;


(ii)           the
Barington Directors shall be appointed as members of the Board, to serve as
directors until the expiration of the term ending at the Company’s 2006 Annual
Meeting and until their successors have been duly elected and qualified or
until their earlier death, resignation or removal; provided, however, that the
appointment of Alan S. Bernikow to the Board is subject to the approval of Mr.
Bernikow’s prior employer; provided further that, if Mr. Bernikow does not
receive such approval, or if he is unable to serve for any other reason, then
the Barington Group will propose another person to fill the Board vacancy in
accordance with the provisions of Section 3(f);


(iii)          a
Barington Director shall be appointed to serve on each standing committee
(including, without limitation, the Audit Committee, the Nominating and
Governance Committee and the Human Resources Committee) and special committee
(including, without limitation, the Search Committee (as defined below)) of the
Board, in each case for the duration of the Standstill Period (as defined
below), and a Barington Director shall be appointed to serve on any new
standing or special committee created during the Standstill Period upon the
creation of such committee; provided, in each case, that a Barington Director
is then qualified to serve on any such committee under applicable legal
requirements and listing standards; and



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(iv)          James
A. Mitarotonda shall be appointed to serve on the special committee of the
Board that has been formed to search for a new chief executive officer of the
Company, which committee shall consist of one Barington Director and the
chairpersons of the Board’s Audit Committee, Nominating and Governance
Committee and Human Resources Committee (the “Search Committee”).


(c)           The Search Committee shall use its
reasonable best efforts to find, and the Board shall use its reasonable best efforts
to appoint, a new chief executive officer as promptly as practicable.  Only candidates for the chief executive
officer position that have been reviewed and unanimously approved by the Search
Committee will be considered by the Board. 
All members of the Search Committee shall be integrally involved in all
material aspects of the search for a new chief executive officer.  The size of the Board shall not be increased
or decreased during the Standstill Period without the prior written consent of
the Barington Group, provided, however, that upon the Board’s approval and the
Company’s hiring of a new chief executive officer, such individual may be added
to the Board as an eleventh director.


(d)           The Company shall include each
Barington Director in the Board’s slate of nominees for election as a director
of the Company and use its reasonable best efforts to cause the election of
each Barington Director at the Company’s 2006 and 2007 annual meetings of
shareholders including, without limitation, recommending that the Company’s
shareholders vote in favor of the election of the Barington Directors at each
such annual meeting and voting the shares of Common Stock represented by all
proxies granted by shareholders in connection with the solicitation of proxies
by the Board of Directors in connection with such meetings in favor of the
Barington Directors, except for such proxies that specifically indicate a vote
to withhold authority with respect to the Barington Directors.  Neither the Board nor the Company shall take
any position, make any statements or take any action inconsistent with such
recommendations.


(e)           The Barington Group agrees to vote in
favor of the Board’s slate of nominees for election as directors of the Company
at the 2006 and 2007 annual meetings of shareholders, provided that each such
slate includes the Barington Directors.


(f)            If at any time during the Standstill
Period there shall occur a vacancy in a Board seat either (x) previously
occupied by a Barington Director by reason of the resignation, removal, death
or incapacity of such Barington Director, or (y) as a result of the proviso set
forth in Section 3(b)(ii) above, then the Company shall take all necessary
action to promptly fill such vacancy by a person proposed by the Barington
Group that meets the qualifications of an Independent Director, unless the
Nominating and Governance Committee reasonably determines in good faith that
such person does not meet the qualifications of the Board as then in effect, in
which case the Barington Group shall promptly propose another person so
qualified to be appointed in accordance with the provisions of this Section
3(f).  If, as a result of the vacancy
described in the first sentence of this Section 3(f), any of the Board’s
standing or special committees does not include a Barington Director, the Board
shall immediately appoint another Barington Director to serve on such committee
or committees, provided that such Barington Director is then qualified to serve
on such committee under applicable legal requirements and 



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listing standards. 
Any replacement director appointed pursuant to this Section 3(f) shall
also be referred to as a “Barington Director.”


(g)           Concurrently with the execution of
this Agreement, the Company shall provide evidence, reasonably satisfactory to
the Barington Group, that the Board has authorized and approved this Agreement
and the execution and performance hereof and has performed each of the
covenants and agreements of the Company set forth herein that are required to
be performed prior to or concurrently with the execution of this Agreement.


4.             Corporate Governance.


(a)           At
the first meeting of the Board after the date of this Agreement, which shall
take place no later than the annual meeting of directors on the day of the 2006
Annual Meeting (the “Next Board Meeting”), the Company shall cause the Rights
Agreement, dated as of December 5, 1997, between the Company and First Union
National Bank, as Rights Agent (the “Rights Agreement”), to be amended to (i)
include a “TIDE” provision as further described below; and (ii) amend Section
23 of the Rights Agreement to permit the redemption of the Rights Agreement by
the Board rather than the Board’s “Independent Directors” (as such term is
defined in the Rights Agreement).   The
TIDE provision shall (x) be on such terms as shall be reasonably acceptable to
the Barington Group, (y) require a committee of the Board composed of
Independent Directors to meet not less than once every three years to review
the terms and conditions of the Rights Agreement, including whether the
termination or modification of the Rights Agreement is in the best interest of
the Company and its shareholders, and to make a recommendation based on such
review to the Board, and (z) provide that the first meeting of such committee
shall take place no later than one hundred twenty (120) days after the date
hereof.  In the event that the Rights
Agreement terminates or is terminated during the Standstill Period, any
successor rights agreement adopted by the Company during the Standstill Period
shall include provisions to substantially the same effect as set forth in this
Section 4(a).


(b)           Concurrently with the announcement of
the execution of this Agreement, the Company shall publicly announce the
scheduling of the 2006 Annual Meeting which shall be held no later than October
30, 2006.  The Company shall file a
preliminary proxy statement, if required, with the Securities and Exchange
Commission (the “SEC”) no later than September 10, 2006, shall respond to any
comments by the staff of the SEC as expeditiously as possible (copies of which
will be provided to the Barington Group) and shall mail the definitive proxy
statement immediately after resolving all comments of the SEC.  If a preliminary proxy statement is not
required, the Company shall file a definitive proxy statement with the SEC no
later than September 30, 2006.  No
adjournments, postponements, reschedulings or continuations of the 2006 Annual
Meeting shall be permitted without the prior written consent of the Barington
Group.


(c)           The
Company shall provide the Barington Group with true and complete copies of any
draft preliminary or definitive proxy statements for the 2006 and 2007 annual
meetings of shareholders as well as the Form 8-K being filed with respect to
this Agreement, not less than three (3) business days in the case of proxy
statements, and not less than two (2) business days in the case of the Form
8-K, prior to the filing thereof, in order to provide the Barington Group with
a reasonable opportunity to review and comment thereon.  The Company shall consider in good 



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faith any comments of the Barington Group and its
counsel.  The Company shall use the
language, or a summary thereof that is agreed upon in the foregoing filings, in
all other SEC filings that disclose, discuss, refer to or are being filed in
response to or as a result of this Agreement, provided that such language is
not altered in any material aspect without the prior written consent of the
Barington Group, which consent shall not be unreasonably withheld.


5.             Standstill Period.


(a)           Each
member of the Barington Group agrees that, from the date of this Agreement
until the earlier of June 30, 2008 and the Company’s 2008 annual meeting of
shareholders (such period, the “Standstill Period”), without the prior written
consent of the Board specifically expressed in a written resolution adopted by
a majority vote of the entire Board, neither it nor any of its Affiliates or
Associates under its control or direction will: (i) propose or publicly announce
or otherwise disclose an intent to propose or enter into or agree to enter
into, singly or with any other person, directly or indirectly, (x) any form of
business combination or acquisition or other transaction relating to a material
amount of assets or securities of the Company or any of its subsidiaries or (y)
any form of restructuring, recapitalization or similar transaction with respect
to the Company or any of its subsidiaries; (ii)(x) acquire, offer or propose to
acquire any voting securities (or beneficial ownership thereof), or rights or
options to acquire any voting securities (or beneficial ownership thereof) of
the Company, (y) effect any tender offer or exchange offer, merger, acquisition
or other business combination involving the Company or any of its subsidiaries,
or (z) engage in any solicitation of proxies or consents to vote any voting
securities of the Company in opposition to the recommendation of the Board with
respect to any matter; (iii) seek to influence any person with respect to the
voting or disposition of any securities of the Company; provided, however, that
any member of the Barington Group and any Affiliate or Associate of any such
member may disclose, publicly or otherwise, how it intends to vote or act with
respect to any securities of the Company, any Board-approved shareholder
proposal or other matter to be voted on by the shareholders of the Company
(other than the election of directors) and the reasons therefor; (iv) otherwise
act, alone or in concert with others, to seek to control or influence the
management, the Board or policies of the Company or initiate or take any action
to obtain representation on the Board, except as permitted expressly by this
Agreement; or (v) enter into any agreements with any third party with respect
to any of the foregoing, except, in each case, as contemplated by this
Agreement.  The foregoing
notwithstanding:


(A) any member of the Barington Group and any
Affiliate or Associate of any such member may (1) transfer any shares of Common
Stock to, or acquire any shares of Common Stock from, any other member of the Barington Group or any other
Affiliate or Associate of the foregoing, (2) form a “group” pursuant to Rule
13d-5 promulgated by the SEC under the Exchange Act with, or acquire additional
shares of Common Stock from, any party so long as after the formation of such
group or acquisition of such additional shares the members of the Barington
Group and their Affiliates and Associates, together with any other parties who,
together with the Barington Group and their Affiliates and Associates, may then
constitute a “group” (all such parties, the “Standstill Group”) do not
beneficially own in the aggregate at any time during the Standstill Period a
number of shares of Common Stock equal to more than (x) 14.99% of 



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the shares of Common Stock outstanding as of the date of this Agreement
plus (y) 14.99% of the shares of Common Stock, if any, issued by the Company
following the date of this Agreement (such amount, the “Standstill Amount”), or
(3) sell or otherwise dispose of shares of Common Stock in the open market, in
privately negotiated transactions or otherwise;


(B) the Barington Group, and its Affiliates and
Associates will not be in breach of this Section 5 if, upon learning of the
inadvertent acquisition of beneficial ownership of Common Stock increasing the
aggregate beneficial ownership of the Standstill Group above the Standstill
Amount, members of the Standstill Group immediately divest themselves of a
sufficient number of shares of Common Stock to decrease the aggregate
beneficial ownership of the Standstill Group to be equal to, or less than, the
Standstill Amount;


(C) nothing contained in this Agreement shall limit
any member of the Barington Group or the Associates or Affiliates of such member
from (i) taking any of the actions otherwise prohibited in this Agreement in
connection with the 2008 annual meeting of shareholders of the Company,
including without limitation, nominating directors or soliciting proxies for
the election of directors or other purposes, requesting a shareholder list and
related information, making public filings or announcements or taking any other
action, in each case, related to the solicitation of proxies at the 2008 annual
meeting of shareholders of the Company; (ii) making and consummating a proposal
or a tender offer or exchange offer to acquire all the shares of the Company’s
Common Stock, provided that such proposal or offer is made solely to, and
subject to the approval of, the Board; or (iii) voting shares of Common Stock
in any manner its sees fit at any annual or special meeting of shareholders of
the Company, subject to the limitations set forth in Section 3(e) of this
Agreement; and


(D) the provisions of this Section 5 shall not limit
in any respect the actions of any director of the Company in his or her
capacity as such, recognizing that such actions are subject to such director’s
fiduciary duties to the Company and its shareholders.


(b)           As
used in this Agreement, the terms “Affiliate” and “Associate” shall have the
respective meanings set forth in Rule 12b-2 promulgated by the SEC under the
Exchange Act; the terms “beneficial owner” and “beneficial ownership” shall
have the respective meanings as set forth in Rule 13d-3 promulgated by the SEC
under the Exchange Act; and the terms “person” or “persons” shall mean any
individual, corporation (including not-for-profit), general or limited
partnership, limited liability company, joint venture, estate, trust,
association, organization or other entity of any kind or nature.


(c)           In
the event that the Company breaches in any material respect any of its
representations, warranties or covenants contained in this Agreement, and, in
the case of its covenants, such breach is not cured within 30 days after notice
thereof to the Company by the Barington Group, then in addition to any other
remedies that the members of the Barington Group may have, the restrictions
contained in Section 5 of this Agreement applicable to the Barington Group  shall terminate, along with the obligation of
the Barington Group to vote for 



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the Board’s slate of nominees for election as
directors of the Company at the 2006 and 2007 annual meetings of shareholders
set forth in Section 3(e) of this Agreement.


(d)           Notwithstanding anything contained
herein to the contrary:


(i)  the provisions of Sections 3, 4 and 5 of this
Agreement shall automatically terminate upon the occurrence of a Change of
Control transaction (as defined below) involving the Company if the acquiring
or counter-party to the Change of Control transaction has conditioned the
closing of the transaction on the termination of such sections; and


(ii)  if the total number of shares of Common Stock
held in the aggregate by members of the Standstill Group falls below an amount
equal to 5% of the shares of Common Stock outstanding as of the date of this
Agreement, then the right of the Barington Group under Section 3(f) of this
Agreement, as it specifically relates to the ability of the Barington Group to
fill a vacancy in the Board during the Standstill Period caused by the
resignation from the Board of a Barington Director, shall automatically
terminate (without terminating or limiting in any respect any of the Barington
Group’s other rights under Section 3(f)).


For purposes of
this Agreement, a “Change of Control” transaction shall be deemed to have taken
place if (1) any person is or becomes a beneficial owner, directly or
indirectly, of securities of the Company representing more than 50% of the
equity interests and voting power of the Company’s then outstanding equity
securities or (2) the Company enters into a stock-for-stock transaction whereby
immediately after the consummation of the transaction the Company’s
shareholders retain less than 50% of the equity interests and voting power of
the surviving entity’s then outstanding equity securities.


6.             Confidentiality.  The members of the Barington Group (each, a “Recipient”)
each acknowledge the confidential and proprietary nature of the Confidential
Information (as defined below) and agree that the Confidential Information (a)
will be kept confidential by Recipient and Recipient’s Representatives (as
defined below) and (b) will not be disclosed by Recipient (except to other
Recipients and their Affiliates and Associates and such person’s
Representatives to the extent contemplated by this Agreement) or by Recipient’s
Representatives to any person except with the specific prior written consent of
the Company or except as expressly otherwise permitted by this Agreement.  It is understood that (i) Recipient may
disclose Confidential Information only to those of Recipient’s Representatives
who are informed by Recipient of the confidential nature of the Confidential
Information and the obligations of this Agreement, (ii) Recipient shall be responsible
for the breach of the provisions of this Section 6 by Recipient’s
Representatives and (iii) the provisions of this Section 6 shall not apply to
any director of the Company in his or her capacity as such.  As used in this Agreement, the term “Confidential
Information” means and includes any and all of the information concerning the
business and affairs of the Company that may hereafter be disclosed to
Recipient by the Company or by the directors, officers, employees, agents,
consultants, advisors or other representatives, including legal counsel,
accountants and financial advisors (“Representatives”) of the Company; provided
that “Confidential Information” shall not include information that (a) was in
or enters the public domain or was or becomes generally available to the public
other than as a result of disclosure by Recipient or any Representative
thereof, (b) was independently acquired by Recipient or its 



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Representatives without violating any of the
obligations of Recipient or its Representatives under this Agreement, or under
any other contractual, legal, fiduciary or binding obligation of Recipient or
its Representatives with or to the Company, (c) was available, or becomes
available, to Recipient or its Representatives on a nonconfidential basis other
than as a result of its disclosure to Recipient by the Company or any
Representative of the Company, but only if to the knowledge of Recipient the
source of such information is not bound by a confidentiality agreement with the
Company or is not otherwise prohibited from transmitting the information to
Recipient or Recipient’s Representatives by a contractual, legal, fiduciary or
other binding obligation with or to the Company, or (d) was independently
developed by Recipient or its Representatives.  The Company acknowledges that no member of the
Barington Group or its Affiliates, Associates or Representatives thereof shall
be deemed to be in possession of Confidential Information solely by reason of
receipt of such Confidential Information by any Barington Director.  The members of the Barington Group
acknowledge that they, as well as their Representatives, are aware that the
United States securities laws prohibit any person who has material non-public
information about a company from purchasing or selling securities of such
company, or from communicating such information to any other person under
circumstances in which it is reasonably foreseeable that such person is likely
to purchase or sell such securities.


7.              Expenses.  Within five (5) business days after receiving
documentation thereof, the Company shall reimburse Barington Capital Group,
L.P. for the actual documented expenses (up to a maximum of $200,000) incurred by the members of the Barington Group in
connection with its Schedule 13D filings, the contemplated proxy solicitation,
efforts to induce the Company to schedule its 2006 Annual Meeting, the
negotiation and execution of this Agreement and all of its other activities and
matters related to the foregoing.


8.             Public
Announcement.  The Barington Group
and the Company shall announce this Agreement and the material terms hereof
within two (2) business days of the date hereof by means of a joint press
release in the form attached as Exhibit A hereto.


9.             Specific
Performance.  Each of the members of
the Barington Group, on the one hand, and the Company, on the other hand,
acknowledges and agrees that irreparable injury to the other party hereto would
occur in the event any of the provisions of this Agreement were not performed
in accordance with their specific terms or were otherwise breached and that
such injury would not be adequately compensable in damages.  It is accordingly agreed that the members of
the Barington Group or any of them, on the one hand, and the Company, on the
other hand (the “Moving Party”), shall each be entitled to specific enforcement
of, and injunctive relief to prevent any violation of, the terms hereof, and
the other party hereto will not take action, directly or indirectly, in
opposition to the Moving Party seeking such relief on the grounds that any
other remedy or relief is available at law or in equity.


10.           Jurisdiction;
Applicable Law.  Each of the parties
hereto (a) consents to submit itself to the personal jurisdiction of the Court
of Chancery or other federal or state courts of the State of Delaware in the
event any dispute arises out of this Agreement or the transactions contemplated
by this Agreement, (b) agrees that it shall not attempt to deny or defeat such
personal jurisdiction by motion or other request for leave from any such court,
(c) agrees that it shall not bring any action relating to this Agreement or the
transactions contemplated by this 



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Agreement in any court other than the Court of
Chancery or other federal or state courts of the State of Delaware, and each of
the parties irrevocably waives the right to trial by jury, (d) agrees to waive
any bonding requirement under any applicable law, in the case any other party
seeks to enforce the terms by way of equitable relief and (e) irrevocably consents
to service of process by first class certified mail, return receipt requested,
postage prepaid, to the address of such party’s principal place of business or
as otherwise provided by applicable law. THIS AGREEMENT SHALL BE GOVERNED IN
ALL RESPECTS, INCLUDING VALIDITY, INTERPRETATION AND EFFECT, BY THE LAWS OF THE
STATE OF DELAWARE APPLICABLE TO CONTRACTS EXECUTED AND TO BE PERFORMED WHOLLY
WITHIN SUCH STATE WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES OF SUCH
STATE.


11.            Representative.  Each member of the Barington Group hereby
irrevocably appoints James A. Mitarotonda, or Barington Capital Group, L.P. in
the event that Mr. Mitarotonda is no longer serving as the Chairman, President
or Chief Executive Officer of Barington Capital Group, L.P., as such member’s
attorney-in-fact and representative (the “Barington Representative”), in such
member’s place and stead, to do any and all things and to execute any and all
documents and give and receive any and all notices or instructions in
connection with this Agreement and the transactions contemplated hereby.  The Company shall be entitled to rely, as
being binding on each member of the Barington Group, upon any action taken by
the Barington Representative or upon any document, notice, instruction or other
writing given or executed by the Barington Representative.


12.           Counterparts.  This Agreement may be executed in two or more
counterparts which together shall constitute a single agreement.


13.           Entire
Agreement; Amendment and Waiver; Successors and Assigns.  This Agreement contains the entire
understanding of the parties hereto with respect to its subject matter.  There are no restrictions, agreements,
promises, representations, warranties, covenants or undertakings between the
parties other than those expressly set forth herein.  This Agreement may be amended only by a
written instrument duly executed by the parties hereto, or in the case of the
Barington Group, the Barington Representative, or their respective successors
or assigns.  No failure on the part of
any party to exercise, and no delay in exercising, any right, power or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of such right, power or remedy by such party preclude any other or
further exercise thereof or the exercise of any other right, power or
remedy.  All remedies hereunder are
cumulative and are not exclusive of any other remedies provided by law.  The terms and conditions of this Agreement
shall be binding upon, inure to the benefit of, and be enforceable by the
parties hereto and their respective successors, heirs, executors, legal
representatives, and assigns.



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IN WITNESS
WHEREOF, this Agreement has been duly executed and delivered by the duly
authorized signatories of the parties as of the date hereof.


/s/ THE PEP BOYS — MANNY, MOE & JACK


/s/ BARINGTON COMPANIES EQUITY PARTNERS, L.P.

/s/ BARINGTON INVESTMENTS, L.P.

/s/ BARINGTON COMPANIES ADVISORS, LLC

/s/ BARINGTON COMPANIES INVESTORS, LLC

/s/ BARINGTON COMPANIES OFFSHORE FUND, LTD.

/s/ BARINGTON OFFSHORE ADVISORS, LLC

/s/ BARINGTON CAPITAL GROUP, L.P.

/s/ LNA CAPITAL CORP.

/s/ James A. Mitarotonda

/s/ PARCHE, LLC

/s/ STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.

/s/ RCG CARPATHIA MASTER FUND, LTD.

/s/ RCG AMBROSE MASTER FUND, LTD.

/s/ RCG HALIFAX FUND, LTD.

/s/ RAMIUS MASTER FUND, LTD.

/s/ RAMIUS FUND III, LTD

/s/ RAMIUS ADVISORS, LLC

/s/ ADMIRAL ADVISORS, LLC

/s/ RAMIUS CAPITAL GROUP, L.L.C.

/s/ C4S & CO., L.L.C.

/s/ Jeffrey M. Solomon

/s/ Peter A. Cohen

/s/ Morgan B. Stark

/s/ Thomas W. Strauss

/s/ RJG CAPITAL PARTNERS, L.P.

/s/ RJG CAPITAL MANAGEMENT, LLC

/s/ Ronald J. Gross

/s/ D.B. ZWIRN SPECIAL OPPORTUNITIES FUND, L.P.

/s/ D.B. ZWIRN SPECIAL OPPORTUNITIES FUND (TE), L.P.

/s/ D.B. ZWIRN SPECIAL OPPORTUNITIES
FUND, LTD.

/s/ HCM/Z SPECIAL OPPORTUNITIES LLC

/s/ D.B. ZWIRN & CO., L.P.

/s/ DBZ GP, LLC

/s/ ZWIRN HOLDINGS, LLC

/s/ Daniel B. Zwirn





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