Document:

EX-10.1

	 	 	 	 	 

Exhibit 10.1

SEPARATION AGREEMENT AND GENERAL RELEASE

          This Separation Agreement and General Release Agreement is entered into this 3 day of
November, 2008 by and between Kathy Hollenhorst (hereinafter referred to as “HOLLENHORST”) and
Caribou Coffee Company, Inc., a Minnesota Corporation (hereinafter referred to as the “Company”).

          WHEREAS, HOLLENHORST’S employment with the Company shall terminate at the close of business on
December 10, 2008; and

          WHEREAS, HOLLENHORST and the Company want to fully and finally settle all issues differences
and claims whether potential or actual between them including but not limited to any claim that
might arise out of HOLLENHORST’S employment with the Company and the termination of such
employment.

          NOW THEREFORE in consideration of the mutual promises contained in this Agreement it is
agreement as follows:

          1. SEPARATION

          The parties agree that HOLLENHORST’S employment with the Company shall terminate on the close
of business December 10, 2008.

          2. SEPARATION PAYMENTS

          A. As a result of HOLLENHORST’S termination from employment as described in Section 1,
HOLLENHORST will receive in her final paycheck the following payments:

          (i) A final payroll check less applicable withholding; and

          (ii) An amount equal to her accrued but unpaid vacation pay, less applicable withholding.

          B. In consideration of and in complete and total settlement of the claims described below in
Section 3, Company shall pay HOLLENHORST an amount equal to her base salary at the last prevailing
salary rate equal to six (6) months, totaling $109,068.70, less applicable withholding. If
HOLLENHORST has not rescinded this Agreement pursuant to Section 4 herein, this amount will be paid
to HOLLENHORST in order to comply with Section 409A of the Internal Revenue Code in a lump sum,
less applicable withholding, six (6) months and one (1) day following December 10, 2008.

          C. Following completion of calendar year 2008, the Company shall calculate whether under the
2008 Bonus Plan for CEO, CFO, SVP, VP, Sr. Directors and Directors, HOLLENHORST would have earned
any bonus and pay HOLLENHORST an amount equal to 11/12 of any such bonus that would have otherwise
been earned. Any amount so calculated will be paid to HOLLENHORST on or before March 15, 2009.
HOLLENHORST shall not be eligible for any discretionary bonus that might otherwise be paid to other
executives of the company. The
eligibility for any bonus under this Section 2. C. shall have no effect upon any other
provisions of this Agreement.

 

 

          D. HOLLENHORST shall be allowed to keep her computer, printer and Blackberry after all
Company paid for software and data has been removed. HOLLENHORST shall be responsible for making
arrangements for any new voice or data plan for the Blackberry.

          3. RELEASE OF CLAIMS

          HOLLENHORST and the Company intend to settle any and all claims except for any Workers
Compensation claims made prior to December 10, 2008, that HOLLENHORST has or may have against the
Company as a result of the Company’s hiring of HOLLENHORST, HOLLENHORST’S employment with the
Company, and the cessation of HOLLENHORST’S employment with the Company. HOLLENHORST agrees that
in exchange for the Company’s promises specified in this Agreement and in exchange for additional
consideration to be paid to HOLLENHORST by the company as described above in Sections 2.B.
HOLLENHORST for herself, her heirs, successors and assigns, herby releases and discharges the
Company, its parent and affiliated companies, and each of their respective directors, officers,
agents, employees, successors and assigns all of whom are hereinafter sometimes referred to as
“releasees”, from any and all liability or damages arising out of her relationship with the
releasees through the date of signing this Agreement, whether known or unknown, foreseen or
unforeseen, and, to the maximum extent permitted by law, agrees not to institute any claims for
damages nor authorize or assist any other party, governmental or otherwise, to institute any claim
for damages via administrative or legal proceedings or otherwise against the Company or any of the
releasees for any such claim including, but not limited to, any claims arising under or based on
Title VII of the Civil Rights Act of 1964 (42 U.S.C. § 2000E et seq.); the Age
Discrimination in Employment Act (29 U.S.C § 621 et seq.); the Family and Medical Leave Act
(29 U.S.C. § 2601 et seq.); the Americans with Disabilities Act (42 U.S.C. § 12101 et
seq.), the law, regulation or ordinance of any state or local governmental unit; and any
contract, quasi contract, negligence or tort claims, whether for compensatory or punitive damages,
and whether developed or undeveloped, arising from or related to the company’s hiring of
HOLLENHORST, HOLLENHORST’S employment with the Company, and the cessation of HOLLENHORST’S
employment with the company, and including but not limited to attorney’s fees, related costs and
interest. HOLLENHORST and the Company agree that signing of this Agreement does not apply to and
shall not affect her right to enforce the terms of this Agreement, to seek remedy for breach of
this Agreement, to subsequently assert any claims arising from acts occurring solely after the
execution of this Agreement, or to file a charge with or participate in an investigation conducted
by the Equal Employment Opportunity Commission.

 

 

          4. RIGHT TO RESCIND

          HOLLENHORST has been informed of her right to rescind this Agreement as far as it extends to
potential claims under Minn. Stat. Ch. 363A by written notice to the Company within fifteen (15)
calendar days following her execution of the Agreement. To be effective, the rescission must be in
writing and delivered to the Company either by hand or mail within the fifteen (15) day period. If
delivered by mail, the rescission must be: (1) postmarked within the fifteen (15) day period; (2)
properly addressed to the Company as set forth in Section 14 hereof; and (3) sent by certified
mail, return receipt requested.

          HOLLENHORST has also been informed that the terms of this Agreement shall be open for
acceptance by her for a period of forty five (45) days, during which time she may consider whether
to accept the Company’s offers and execute this Agreement. HOLLENHORST understands that she is
free to sign and return the Agreement at any time within the 45-day period. The parties agree that
any changes in this Agreement made prior to signing, whether material or not, do not restart the
forty five (45) day period for consideration.

          It is understood the Company shall have no obligation under this Agreement whatsoever in the
event of such rescission, in whole or in part, by HOLLENHORST.

          5. NO RECOGNITION OF WRONGDOING

          The signing of this Agreement and payment of the money described in it do not represent any
admission of wrongdoing or violation of any statute, agreement, or common law by the Company.

          6. OUTPLACEMENT

          The following expiration of the rescission period set forth in Section 4, the Company agrees
to provide for nine months of career transition services through Career Partners International
should HOLLENHORST elect to take advantage of such services.

          7. CONFIDENTIALITY

          HOLLENHORST agrees to keep the terms and conditions of this Agreement confidential and not
disclose them to any person other than her attorney, accountant or spouse who shall each be advised
to keep such information confidential. HOLLENHORST represents that she has not disclosed the terms
and conditions of this Agreement to any person other than her attorney, accountant or spouse prior
to signing this Agreement.

 

 

          8. THIRD PARTY INQUIRIES

          In response to inquiries by third parties regarding the reasons for HOLLENHORST’S separation
from the Company, the parties will only state the dates of HOLLENHORST’S
employment and nothing further. HOLLENHORST will not grant interviews with any form of media
including, without limitation, internet, radio, television, newspaper, trade paper or other
publications regarding her separation from the company nor will she provide commentary on the
Company, its methods of operations or on any of its directors, officers or employees. If any such
inquires are made, HOLLENHORST will immediately notify the Vice President of Human Resources of the
Company.

          9. NON-DISCLOSURE

          HOLLENHORST agrees to hold in confidence and not to directly or indirectly reveal, disclose,
use or transfer any “Confidential Information” at any time hereafter to any person or entity and
covenants and represents that she has not done so heretofore. The term “Confidential Information”
means all information or material proprietary to the Company, its subsidiaries or affiliates and
not generally known, about which HOLLENHORST obtained knowledge of or access to through
HOLLENHORST’S relationship with the Company. “Confidential Information” includes, but is not
limited to, the following types of information and other information of similar nature whether or
not in writing: the Company’s, its subsidiaries’ or affiliates’ financial statements, financial
information, buying, marketing and pricing methods, plans and techniques; concepts, compilations,
know how, procedures, manuals; reports; lists of existing and contemplated clients, employees,
customers, products, services and supplies; the methods, products and services used and preferred
by specific clients and customer’s financial information, employee lists and other confidential
information entrusted by clients, customers and other third parties to the Company, its
subsidiaries and affiliates.

          HOLLENHORST agrees to promptly refer to any requests for Confidential Information he receives
to the Vice President of Human Resources of the Company.

          10. CONTROLLING LAW

          This Agreement shall be governed by and interpreted in accordance with the laws of the State
of Minnesota, without regard to conflicts of law provisions. This Agreement is made in Minnesota
and state or federal courts in Hennepin County, Minnesota shall have exclusive jurisdiction and
venue over any dispute arising hereunder.

          11. BREACH

          If HOLLENHORST breaches any of the agreements contained herein, all amounts paid to
HOLLENHORST pursuant to Section 2.B. shall be considered unearned, and at the option of the Company
and as consistent with applicable law, be forfeited and returned to the Company and
any amounts to be paid shall cease. This provision shall not prevent the Company from
pursuing its remedies and seeking damages for breach of this Agreement.

 

 

          12. ENTIRE AGREEMENT

          This Agreement contains all understandings and agreements between the parties concerning the
termination of HOLLENHORST’S employment with the Company. Except as specifically set forth herein,
it does not terminate or supersede any past employment obligations of HOLLENHORST to the Company
under any prior agreement or policy of the Company pertaining to confidentiality of information or
ownership of information, property, copyrights, inventions or other intellectual property of the
Company. Any modification of or addition to this Agreement must be in writing and signed by
HOLLENHORST and the Company.

          13. REPRESENTATION

          HOLLENHORST herby affirms and acknowledges that she has read the foregoing Agreement and fully
appreciates the meaning of the terms of this Agreement and their effect, and that she enters into
this Agreement freely and voluntarily. HOLLENHORST also affirms and acknowledges that the Company
has advised that she consult with an attorney prior to signing the Agreement.

          14. NOTICES

          All notices and other communication required or allowed under this Agreement will be in
writing and either delivered or sent by registered or certified mail, postage prepaid, unless
notice of different address is give, to:

	 	 	 
	          Company:

	 	Karen McBride
	 

	 	Vice President of Human Resources
	 

	 	Caribou Coffee Company, Inc.
	 

	 	3900 Lakebreeze Avenue N.
	 

	 	Minneapolis, MN 55429
	 
	 	 
	          With copy to:

	 	Dan E. Lee
	 

	 	General Counsel and Secretary
	 

	 	Caribou Coffee Company, Inc.
	 

	 	3900 Lakebreeze Avenue N.
	 

	 	Minneapolis, MN 55429

 

 

	 	 	 
	 
	 	 
	          Hollenhorst:

	 	KATHY HOLLENHORST
	 

	 	13985 Woodland Court
	 

	 	Becker, MN 55308

               To receive the consideration set forth in this Agreement, you must sign and return this
Agreement to the Company within 45 days after receiving it and not rescind within the 15-day period
described in Section 4.

          IN WITNESS WHEREOF, the parties have executed this Agreement the date first above written.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Caribou Coffee Company, Inc.
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 

	 	 	 	 
	 
	 	 	 	 	 	 
	Kathy Hollenhorst	 	 	 	Name:
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 

	 	 	 	 
	 
	 	 	 	 	 	 
	Date

	 	 	 	 	 	Title
	 
	 	 	 	 	 	 
	 

	 	 

	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	DateEX-4.1

Exhibit 4.1

SUPPLEMENTAL INDENTURE

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of August 12, 2008, among
AutoNation, Inc., a Delaware corporation (the “Company”), AN Collision Center of North Houston,
Inc.; AN Imports of Spokane, Inc., AN Luxury Imports of Spokane, Inc.; and AutoNation Oxnard
Venture Holdings, Inc. (collectively, the “Guaranteeing Subsidiaries”), each of which is an
indirect subsidiaries of the Company (or its permitted successor), and Wells Fargo Bank, National
Association, as trustee under each indenture referred to below (the “Trustee”).

W I T N E S S E T H

     WHEREAS, the Company, has heretofore executed and delivered to the Trustee an indenture, dated
as of August 10, 2001 (and supplemented as of April 30, 2002, November 7, 2002, March 29, 2004,
November 3, 2005, April 5, 2006, March 19, 2007, October 18, 2007 and March 11, 2008), providing
for the issuance of 9% Senior Notes due 2008 (the “9% Senior Notes”);

     WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture, dated
as of April 12, 2006 (and supplemented as of August 17, 2006, January 24, 2007, October 18, 2007
and March 11, 2008), providing for the issuance of Floating Rate Senior Notes due 2013 and 7%
Senior Notes due 2014 (together with the 9% Senior Notes, the “Notes”);

     WHEREAS, each indenture provides that the Guaranteeing Subsidiaries shall execute and deliver
to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall
unconditionally guarantee all of the Company’s obligations under the Notes and each indenture on
the terms and conditions set forth herein (the “Guarantee”); and

     WHEREAS, pursuant to Section 9.1 of each indenture, the Trustee is authorized to execute and
deliver this Supplemental Indenture.

     NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Company, the Guaranteeing
Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the
Holders of the Notes as follows:

     1. Capitalized Terms. Capitalized terms used herein without definition shall have the
meanings assigned to them in each indenture.

     2. Agreement to Guarantee. The Guaranteeing Subsidiaries hereby agrees as follows:

	 	(a)	 	To jointly and severally Guarantee to each Holder of a Note
authenticated and delivered by the Trustee and to the Trustee and its
successors and assigns, irrespective of the validity and enforceability of each
indenture, the Notes or the obligations of the Company hereunder or thereunder,
that:

	 	(i)	 	the principal of and interest on the Notes will
be promptly paid by the Company in full when due, whether at maturity,
by acceleration, redemption or otherwise, and interest on the overdue
principal of and interest on the Notes, if any, if lawful, and all
other obligations of the Company to the Holders or the Trustee
hereunder or thereunder will be promptly paid by the Company in full or
performed by the Company, all in accordance with the terms hereof and
thereof; and
	 
	 	(ii)	 	in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that same will
be promptly paid by the Company in full when due or performed by the
Company in accordance with the terms of the extension or renewal,
whether at stated maturity, by acceleration or otherwise.

	 	 	 	Failing payment when due by the Company of any amount so guaranteed or any
performance so guaranteed which failure continues for three days after
demand therefor is made to the Company for whatever reason, the Guarantors
shall be jointly and severally obligated to pay the same immediately.
	 
	 	(b)	 	The obligations hereunder shall be unconditional, irrespective
of the validity, regularity or enforceability of the Notes or each indenture,
the absence of any action to enforce the same, any waiver or consent by any
Holder of the Notes with respect to any provisions
hereof or thereof, the recovery of any judgment against the Company, any
action to enforce the same or any other circumstance which might otherwise
constitute a legal or equitable discharge or defense of a Guarantor.

 

 

	 	(c)	 	The following is hereby waived: diligence, presentment, demand
of payment (except as specifically provided in (a) above), filing of claims
with a court in the event of insolvency or bankruptcy of the Company, any right
to require a proceeding first against the Company, protest, notice and all
demands (except as specifically provided in (a) above) whatsoever.
	 
	 	(d)	 	This Guarantee shall not be discharged except (i) by complete
performance of the obligations contained in the Notes and the Indenture. Each
Guarantor also expressly waives, without any requirement of any notice to or
further assent by such Guarantor, to the fullest extent permitted by applicable
law, the benefit of all principles or provisions of applicable law which are or
might be in conflict with the terms hereof, including, without limitation,
Section 10-7-23 and Section 10-7-24 of the Official Code of Georgia Annotated.
	 
	 	(e)	 	If any Holder or the Trustee is required by any court or
otherwise to return to the Company, the Guarantors, or any Custodian, Trustee,
liquidator or other similar official acting in relation to either the Company
or the Guarantors, any amount paid by either to the Trustee or such Holder,
this Guarantee, to the extent theretofore discharged, shall be reinstated in
full force and effect.
	 
	 	(f)	 	The Guaranteeing Subsidiaries shall not be entitled to any
right of subrogation in relation to the Holders in respect of any obligations
guaranteed hereby until payment in full of all obligations guaranteed hereby.
	 
	 	(g)	 	As between the Guarantors, on the one hand, and the Holders and
the Trustee, on the other hand, (x) the maturity of the obligations guaranteed
hereby may be accelerated as provided in Article 6 of each indenture for the
purposes of this Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the obligations
guaranteed hereby, and (y) in the event of any declaration of acceleration of
such obligations as provided in Article 6 of each indenture, such obligations
(whether or not due and payable) shall forthwith become due and payable by the
Guarantors for the purpose of this Guarantee, failing payment when due by the
Company which failure continues for three days after demand therefor is made to
the Company.
	 
	 	(h)	 	The Guarantors shall have the right to seek contribution from
any non-paying Guarantor so long as the exercise of such right does not impair
the rights of the Holders under the Guarantee.

     3. Execution and Delivery. The Guaranteeing Subsidiaries agrees that the Guarantees
shall remain in full force and effect notwithstanding any failure to endorse on each Note a
notation of such Guarantee.

     4. Guaranteeing Subsidiaries May Consolidate, Etc. on Certain Terms. Each
Guaranteeing Subsidiaries agrees that, unless its Guarantee is being currently released in
conformity with Section 10.4 of the Indenture, it may not sell or otherwise dispose of all or
substantially all of its assets, or consolidate with or merge with or into (whether or not such
Guaranteeing Subsidiaries is the surviving Person) another corporation, Person or entity whether or
not affiliated with such Guaranteeing Subsidiaries unless either (a) the Guaranteeing Subsidiaries
will be the continuing corporation (in the case of a consolidation or merger involving the
Guaranteeing Subsidiaries) or (b) the Person (if other than the Guaranteeing Subsidiaries) formed
by such consolidation or into which the Guaranteeing Subsidiaries is merged or the Person which
acquires by sale, assignment, conveyance, transfer, lease or disposition of all or substantially
all of the properties and assets of the Guaranteeing Subsidiaries and its Restricted Subsidiaries
on a Consolidated basis (the “Guaranteeing Subsidiaries Surviving Entity”) will be duly
organized and validly existing under the laws of the United States of America, any state thereof or
the District of Columbia and such Person expressly assumes, by a supplemental indenture, in the
form reasonably satisfactory to the Trustee, all the obligations of the Guaranteeing Subsidiaries
under its Guarantee and the Indenture and the Registration Rights Agreement, as the case may be,
and the Guarantee and the Indenture and the Registration Rights Agreement will remain in full force
and effect as so supplemented and at the time of the transaction the
Guaranteeing Subsidiaries or the Guaranteeing Subsidiaries Surviving Entity will have
delivered, or caused to be delivered, to the Trustee, in form and substance reasonably satisfactory
to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each to the effect that such
consolidation, merger, transfer, sale, assignment, conveyance, transfer, lease or other transaction
and the supplemental indenture in respect thereof comply with the Indenture and that all conditions
precedent therein provided for relating to such transaction have been complied with.

2

 

     5. Releases. The Guarantee of the Guaranteeing Subsidiaries will be released in
accordance with the provisions set forth in each indenture, including, without limitation, Section
10.4 of each indenture. The Trustee will provide any written confirmation or evidence of the
termination of such Guarantee as reasonably required by the Company. Any Guarantor not released
from its obligations under its Guarantee shall remain liable for the full amount of principal of
and interest on the Notes and for the other obligations of any Guarantor under each indenture as
provided in Article 10 of each indenture.

     6. No Recourse Against Others. No director, officer, employee, incorporator,
stockholder or agent of any of the Guaranteeing Subsidiaries, as such, shall have any liability for
any obligations of the Company or the Guaranteeing Subsidiaries under the Notes, each indenture,
any Guarantees or this Supplemental Indenture or for any claim based on, in respect of, or by
reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for issuance of
the Notes. Such waiver may not be effective to waive liabilities under the federal securities
laws.

     7. New York Law to Govern. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND
BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.

     8. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

     9. Effect of Headings. The Section headings herein are for convenience only and shall
not affect the construction hereof.

     10. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity, legality or sufficiency of this Supplemental Indenture or for or in
respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing
Subsidiaries and the Company.

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written.

	 	 	 	 	 
	 	AUTONATION, INC.

 	 
	 	By:  	/s/ C. Coleman G. Edmunds
 	 
	 	 	Name:  	C. Coleman G. Edmunds 	 
	 	 	Title:  	Vice President, Deputy General Counsel 	 
	 
	 	AN Collision Center of North Houston, Inc.

AN Imports of Spokane, Inc.

AN Luxury Imports of Spokane, Inc.

AutoNation Oxnard Venture Holdings, Inc.

 	 
	 	By:  	/s/ C. Coleman G. Edmunds
 	 
	 	 	Name:  	C. Coleman G. Edmunds 	 
	 	 	Title:  	Assistant Secretary 	 
	 

[SIGNATURES CONTINUE ON NEXT PAGE]

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	 	Wells Fargo Bank, National Association,

As Trustee

 	 
	 	By:  	/s/ Julie Salovitch-Miller
 	 
	 	 	Name:  	Julie Salovitch-Miller 	 
	 	 	Title:  	Vice President 	 
	 

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