Document:

Purchase Agreement, dated March 25, 2005

 Exhibit 10.19 
  
 EXECUTION COPY 
  
 AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC. 
  
 $20,000,000 of 8% Cumulative Redeemable Preferred Stock 
 and 
 Warrants to Purchase 21,895 Shares of Series A Common Stock 
  
 PURCHASE AGREEMENT 
  
 March 25, 2005 
  
 The 1818 Mezzanine Fund II, L.P. 
 c/o Brown Brothers Harriman & Co. 
 140 Broadway 
 New York, New York 10005 
  
 Ladies and Gentlemen: 
  
 The undersigned hereby confirm their agreement with you (the “Purchaser”) as set forth below. 

 
 1. The Securities. Subject to the terms and conditions contained
herein, (a) American Tire Distributors Holdings, Inc., a Delaware corporation (“Holdings”), proposes to issue and sell to the Purchaser 20,000 shares of the 8% Cumulative Redeemable Preferred Stock of Holdings (the
“Redeemable Preferred Stock”) with an initial aggregate liquidation preference of $20,000,000 and Warrants (the “Warrants” and, together with the Redeemable Preferred Stock, the “Securities”)
exercisable initially to purchase an aggregate of 21,895 shares of Series A Common Stock of Holdings, $0.01 par value per share (the “Series A Stock”), to be issued upon exercise of the Warrants (including any additional shares of
Series A Stock issuable upon exercise of the Warrants as a result of adjustments to the number of shares issuable under the Warrant Agreement (defined below) in accordance with the terms thereof, the “Warrant Shares”). 

 
 The shares of Redeemable Preferred Stock are to be issued pursuant to an
Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) and a Certificate of Designation (the “Redeemable Preferred Certificate of Designation”) of Holdings substantially in the form
attached as Exhibits A and Exhibit B, respectively to be filed with the Secretary of State of the State of Delaware. The Warrants are to be issued pursuant to a Warrant Agreement (the “Warrant Agreement”) substantially in the form
attached as Exhibit C. 
  
 The Securities will be offered and sold
to the Purchaser without being registered under the Securities Act of 1933, as amended (the “Act”), in reliance on exemptions therefrom. 
  
 The Securities will be offered in connection with an acquisition (the “Acquisition”) pursuant to which Holdings intends to acquire all of
the stock of American Tire 

  

 
Distributors, Inc., a Delaware corporation (the “Company”), which will be effected through the merger of a newly created wholly-owned
subsidiary of Holdings (“MergerCo”) into the Company, with the Company being the surviving corporation, pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of March 7, 2005, (the “Merger
Agreement”), among Holdings, MergerCo, Charlesbank Equity Fund IV, Limited Partnership and Charlesbank Capital Partners, LLC. Concurrently with the consummation of the Acquisition, the Company and its subsidiaries will refinance most of
their outstanding debt (the “Refinancing” and, together with the Acquisition and the transactions contemplated hereby, the “Transactions”). In connection with the Refinancing, (i) the Company (a) will amend its
credit facility to provide for an aggregate of $300.0 million of term and revolving loans (the “Amended Credit Facility”) and (b) will issue $290.0 million of notes (the “Notes”) pursuant to a purchase agreement
(the “Note Purchase Agreement”) and indenture (the “Indenture”) and (ii) Holdings will issue $40.0 million of Notes (the “Mezz Notes”) pursuant to a purchase agreement (the “Mezz Note
Purchase Agreement”) and indenture (the “Mezz Indenture” and, together with this Purchase Agreement, the Warrant Agreement, the Merger Agreement, the Amended Credit Facility Agreement, the Note Purchase Agreement and the
Indenture, the “Transaction Agreements”) and 4,500 shares of its Series B Preferred Stock (the “Series B Preferred Stock”), in each case on terms set forth in term sheets or other documentation previously furnished
to the Purchaser. 
  
 In connection with the issuance of the
Notes, the Company has prepared a copy of a Preliminary Offering Memorandum, dated March 8, 2005 (the “Preliminary Offering Memorandum”) which Holdings has delivered to the Purchaser, and will prepare and Holdings will deliver to
the Purchaser a copy of the final Offering Memorandum to be dated March 23, 2005 (including any amendments or supplements thereto, the “Offering Memorandum”) setting forth a description of the Transactions and the Company and its
subsidiaries. 
  
 2. Representations and Warranties of
Holdings. Holdings represents and warrants to the Purchaser as follows: 
  
 (a) The Offering Memorandum. The Preliminary Offering Memorandum as of its date did not, and the Offering Memorandum as of its date and as of the Closing Date (defined below) will not, include an untrue
statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, that the Preliminary Offering Memorandum
and the Offering Memorandum were prepared for the purpose of the offer and sale of the Notes by the Company and not the Securities by Holdings and accordingly do not include all of the information that would be included in an offering memorandum
relating to the offer and sale of the Securities. 
  
 (b) The Purchase Agreement. This Purchase Agreement has been duly authorized, executed and delivered by, and is a valid and binding agreement of, Holdings, enforceable in accordance with its terms, except as the enforcement hereof
may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles. 
  

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 (c) The Warrant Agreement. As of the Closing Date, the Warrant Agreement will have
been duly authorized, executed and delivered by, and will be a valid and binding agreement of, Holdings, enforceable in accordance with its terms, except as the enforcement hereof may be limited by bankruptcy, insolvency, reorganization, moratorium
or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles. 
  
 (d) The Warrants. As of the Closing Date, the Warrants will have been duly authorized by Holdings and, when issued and delivered by
Holdings in accordance with the terms of this Purchase Agreement and the Warrant Agreement, will constitute valid and binding obligations of Holdings, enforceable in accordance with their terms, except as the enforcement thereof may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles. 
  
 (e) The Warrant Shares. As of the Closing Date, the Warrant Shares exercisable as of the Closing Date
will have been duly authorized and reserved for issuance by Holdings and when issued and paid for upon exercise of the Warrants in accordance with the terms of the Warrants and the Warrant Agreement, will be validly issued, fully paid, nonassessable
and will not have been issued in violation of any preemptive rights. 
  
 (f) Capital Stock. As of the Closing Date, after giving effect to the Transactions, the authorized capital stock of Holdings will consist of 3,633,000 shares of common stock, 1,816,500 shares of which will be
designated as Common Stock, par value $0.01 per share (the “Common Stock”), 1,500,000 shares of which will be designated as Series A Stock, 315,000 shares of which will be designated as Series B Common Stock, $0.01 par value per
share (the “Series B Stock”), and 1,500 shares of which will be designated as Series D Common Stock, $0.01 par value per share (the “Series D Stock”) and 500,000 shares of Preferred Stock, par value $0.01 per share
(the “Preferred Stock”), 20,000 shares of which will be designated as 8% Cumulative Redeemable Preferred Stock, 4,500 shares of which will be designated as Series B Preferred Stock and 475,500 shares of which will not be designated.
As of the Closing Date, after giving effect to the Transactions, the outstanding capital stock of Holdings will consist of 691,172 shares of Series A Stock, 307,328 shares of Series B Stock, 1,500 shares of Series D Stock, 20,000 shares of 8%
Cumulative Redeemable Preferred Stock and 4,500 shares of Series B Preferred Stock. As of the Closing Date, after giving effect to the Transactions, no shares of Common Stock will be outstanding. As of the Closing Date, after giving effect to the
Transactions, all of the outstanding shares of capital stock of Holdings will be duly authorized and validly issued, fully paid and nonassessable and will not have been issued in violation of any preemptive rights. As of the Closing Date, after
giving effect to the Transactions, there will be no outstanding (i) options, warrants or other rights to purchase from Holdings, (ii) agreements or other obligations of Holdings to issue or (iii) other rights to convert any obligation into, or
exchange any securities of, shares of capital stock of, or other equity securities of, Holdings, other than the Warrants, options to purchase up to approximately 16% of the aggregate number of shares of all series of common stock of Holdings on a
fully diluted basis and as set forth in the Certificate of Incorporation. As of the Closing Date, after giving effect to the Transactions, the Warrants will be 

  

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exercisable for 2.14% of the aggregate number of shares of all series of common stock of Holdings outstanding and issuable upon exercise of the Warrants as
of such date. 
  
 (g) The Redeemable Preferred
Certificate of Designation. As of the Closing Date, the Redeemable Preferred Certificate of Designation will have been duly authorized by Holdings. Upon filing of the Redeemable Preferred Certificate of Designation with the Secretary of State of
the State of Delaware, 20,000 shares of Redeemable Preferred Stock will be duly authorized and, when issued and delivered by Holdings against payment therefor in accordance with the provisions of this Purchase Agreement, will be validly issued,
fully paid and nonassessable and will not have been issued in violation of any preemptive rights. The Certificate of Incorporation, by virtue of the filing of the Redeemable Preferred Certificate of Designation, will set forth the rights,
preferences and priorities of the Redeemable Preferred Stock. 
  
 (h) Other Transaction Agreements. As of the Closing Date, each of the Merger Agreement, the Amended Credit Facility, the Mezz Note Purchase Agreement and the Note Purchase Agreement will be duly authorized,
executed and delivered by, and, with respect to the Merger Agreement and the Amended Credit Facility, will be a valid and binding agreement of Holdings and the Company to the extent a party thereto, enforceable in accordance with its terms, except
as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles. 
  
 (i) No Material Adverse Change. Except as disclosed
in the Offering Memorandum, subsequent to the respective dates as of which information is given in the Offering Memorandum: (i) Holdings and its subsidiaries (which term, as used in this Section 2, shall, for the avoidance of doubt, without
limitation, include MergerSub, the Company and all its subsidiaries), considered as one entity, have not incurred any material liability or obligation, indirect, direct or contingent, not in the ordinary course of business nor entered into any
material transaction or agreement not in the ordinary course of business; and (ii) there has been no dividend or distribution of any kind declared, paid or made by Holdings or the Company or, except for dividends paid to Holdings or wholly-owned
subsidiaries on any class of capital stock or repurchase or redemption by Holdings or any of its subsidiaries of any class of capital stock. 
  
 (j) Preparation of the Financial Statements. The financial statements, together with the related schedules and notes, included in
the Offering Memorandum present fairly in all material respects the consolidated financial position of the Company and its subsidiaries as of and at the dates indicated and the results of their operations and cash flows for the periods specified.
Such financial statements have been prepared in all material respects in conformity with generally accepted accounting principles as applied in the United States applied on a consistent basis throughout the periods involved, except as may be
expressly stated in the related notes thereto. The financial data set forth in the Offering Memorandum under the captions “Summary—Summary Historical and Adjusted Consolidated Financial Data” and “Selected Historical Consolidated
Financial Data” fairly present in all material respects the information set forth therein on a basis 

  

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consistent with that of the audited financial statements contained in the Offering Memorandum. The pro forma consolidated financial statements of the Company
and its subsidiaries and the related notes thereto included under the caption “Summary—Summary Historical and Adjusted Financial Data”, “Unaudited Pro Forma Consolidated Statement of Operations” and elsewhere in the Offering
Memorandum present fairly in all material respects the information contained therein and have been properly presented in all material respects on the bases described therein, and the assumptions used in the preparation thereof are reasonable and the
adjustments used therein are appropriate to give effect to the transactions and circumstances referred to therein. 
  
 (k) Incorporation and Good Standing of Holdings and its Subsidiaries. Each of Holdings and its subsidiaries has been duly
incorporated and is validly existing in good standing under the laws of the jurisdiction of its organization and has corporate and other power and authority to own, lease and operate its properties and to conduct its business as described in the
Offering Memorandum and to enter into and perform its obligations under the Transaction Agreements to the extent it is a party thereto. Holdings and each of its subsidiaries is duly qualified as a foreign person to transact business and is in good
standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except for such jurisdictions where the failure to so qualify or to be in good standing
would not, individually or in the aggregate, reasonably be expected to result in a material adverse change, or any development that could reasonably be expect to result in a material adverse change, in the condition, financial or otherwise, or in
the earnings, business, operations, whether or not arising from transactions in the ordinary course of business, of Holdings and its subsidiaries, considered as one entity (any such change is called a “Material Adverse Change”). All
of the issued and outstanding capital stock of each subsidiary has been duly authorized and validly issued, is fully paid and nonassessable and, after giving effect to the Transactions, will be owned by Holdings, directly or through subsidiaries,
free and clear of any security interest, mortgage, pledge, lien, encumbrance or claim other than liens securing the Amended Credit Facility as described in the Offering Memorandum, except where the failure to do so, individually or in the aggregate,
would not reasonably be expected to result in a Material Adverse Change. After giving effect to the Transactions, Holdings will not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries
listed in Schedule A hereto. 
  
 (l)
Capitalization of the Company. At January 1, 2005, on a consolidated basis, after giving pro forma effect to the Transactions, the Company would have an authorized and outstanding capitalization as set forth in the Offering Memorandum under
the caption “Capitalization” (other than for subsequent issuances of capital stock, if any, pursuant to employee benefit plans described in the Offering Memorandum or upon exercise of outstanding options or warrants described in the
Offering Memorandum). 
  
 (m)
Non-Contravention of Existing Instruments; No Further Authorizations or Approvals Required. Neither Holdings nor any of its subsidiaries is in violation of its charter or by-laws or is in default (or, with the giving of notice or lapse of
time, would be in default) (“Default”) under any indenture, mortgage, loan or credit agreement, note, 

  

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contract, franchise, lease or other instrument to which Holdings or any of its subsidiaries is a party or by which it or any of them may be bound, or to
which any of the property or assets of Holdings or any of its subsidiaries is subject (each, an “Existing Instrument”), except for such violations or Defaults as would not, individually or in the aggregate, reasonably be expected to
result in a Material Adverse Change. Holdings’ and each of its subsidiaries’ execution, delivery and performance of the Transaction Agreements (to the extent each is a party thereto), and the issuance and delivery of the Securities, and
consummation of the transactions contemplated hereby and thereby and by the Offering Memorandum (i) have been duly authorized by all necessary corporate action and will not result in any violation of the provisions of the charter or by-laws of
Holdings or the Company, or any guarantor of the Notes (each, a “Guarantor”), (ii) will not conflict with or constitute a breach of, or Default or a Debt Repayment Triggering Event (as defined below) under, or result in the creation
or imposition of any lien, charge or encumbrance upon any property or assets of Holdings, the Company or any Guarantor (other than liens securing the Amended Credit Facility) pursuant to, or require the consent of any other party to, any Existing
Instrument (other than instruments being terminated on or prior to the Closing Date in connection with the Transactions) except for such conflicts, breaches, Defaults, liens, charges or encumbrances as would not, individually or in the aggregate,
reasonably be expected to result in a Material Adverse Change and (iii) will not result in any violation of any law, administrative regulation or administrative or court decree applicable to Holdings, the Company, or any Guarantor except where such
violation would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change. No consent, approval, authorization or other order of, or registration or filing with, any court or other governmental or
regulatory authority or agency, is required for the execution, delivery and performance of the Transaction Agreements by Holdings, the Company and the Guarantors (to the extent that each is a party thereto) or the issuance and delivery of the
Securities, or consummation of the transactions contemplated hereby and thereby and by the Offering Memorandum, except such as have been obtained or made by the Holdings, the Company and the Guarantors and are in full force and effect under the
Securities Act, applicable state securities or blue sky laws and except such as may be required by federal and state securities laws with respect to the Company’s and the Guarantors’ obligations under the registration rights agreement with
applicable to the Notes. As used herein, a “Debt Repayment Triggering Event” means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of
indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by Holdings, the Company or any Guarantors. 
  
 (n) No Material Actions or Proceedings. There are no
legal or governmental actions, suits or proceedings pending or, to the best of Holdings’ knowledge, threatened (i) against or affecting Holdings or any of its subsidiaries, (ii) which has as the subject thereof any property owned or leased by,
Holdings or any of its subsidiaries; which would reasonably be expected to result in a Material Adverse Change or adversely affect the consummation of the transactions contemplated by this Purchase Agreement. No material labor dispute with the
employees of Holdings or any of its subsidiaries, or with 

  

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the employees of any principal supplier of the Company, exists or, to the best of Holdings’ knowledge, is threatened or imminent. 
  
 (o) Intellectual Property Rights. Holdings and its
subsidiaries own or possess sufficient trademarks, trade names, patent rights, copyrights, licenses, approvals, trade secrets and other similar rights (collectively, “Intellectual Property Rights”) reasonably necessary to conduct
their businesses as now conducted; and the expected expiration of any of such Intellectual Property Rights would not reasonably be expected to result in a Material Adverse Change. Neither Holdings nor any of its subsidiaries has received any notice
of infringement or conflict with asserted Intellectual Property Rights of others, which infringement or conflict would reasonably be expected to result in a Material Adverse Change. 
  
 (p) All Necessary Permits, etc. Holdings and each subsidiary possess such valid and current
certificates, authorizations or permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct their respective businesses, and neither Holdings nor any subsidiary has received any notice of
proceedings relating to the revocation or modification of, or non-compliance with, any such certificate, authorization or permit which, singly or in the aggregate ruling or finding, would reasonably be expected to result in a Material Adverse
Change. 
  
 (q) Title to Properties.
Holdings and each of its subsidiaries has good and marketable title to all the properties and assets reflected as owned in the financial statements referred to in Section 2(j) above (or elsewhere in the Offering Memorandum), in each case free
and clear of any security interests, mortgages, liens, encumbrances, equities, claims and other defects, except such as secure the Amended Credit Facility as described in the Offering Memorandum and such as do not materially and adversely affect the
value of such property and do not materially interfere with the use made or proposed to be made of such property by Holdings or such subsidiary. The real property, improvements, equipment and personal property held under lease by Holdings or any
subsidiary are held under valid and enforceable leases, with such exceptions as are not material and do not materially interfere with the use made or proposed to be made of such real property, improvements, equipment or personal property by Holdings
or such subsidiary. 
  
 (r) Tax Law
Compliance. Holdings and its subsidiaries have filed all necessary federal, state and foreign income and franchise tax returns and have paid all taxes required to be paid by any of them and, if due and payable, any related or similar assessment,
fine or penalty levied against any of them except as may be being contested in good faith and by appropriate proceedings and except where failure to so file or pay would not, individually or in the aggregate, result in a Material Adverse Change. The
Company has made adequate charges, accruals and reserves in the applicable financial statements referred to in Section 2(j) above in respect of all federal, state and foreign income and franchise taxes for all periods as to which the tax liability
of the Company or any of its subsidiaries has not been finally determined. 
  

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 (s) Insurance. Each of Holdings and its subsidiaries are insured by recognized,
financially sound institutions with policies in such amounts and with such deductibles and covering such risks as are generally deemed adequate and customary for their businesses including, but not limited to, policies covering real and personal
property owned or leased by Holdings and its subsidiaries against theft, damage, destruction, acts of vandalism and terrorism. Holdings has no reason to believe that it or any subsidiary will not be able (i) to renew its existing insurance coverage
as and when such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not reasonably be expected to result in a Material
Adverse Change. 
  
 (t) No Unlawful
Contributions or Other Payments. Neither Holdings nor any of its subsidiaries nor, to Holdings’ knowledge without conducting any investigation, any employee or agent of the Holdings or any subsidiary, has made any contribution or other
payment to any official of, or candidate for, any federal, state or foreign office in violation of any law or of the character necessary to be disclosed in the Offering Memorandum in order to make the statements therein not misleading. 

 
 (u) Company’s Accounting System. The Company
maintains a system of accounting controls sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with generally accepted accounting principles as applied in the United States and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s
general or specific authorization; and (iv) the recorded accountability for assets is evaluated in light of actual assets at reasonable intervals and appropriate action is taken with respect to any differences. 
  
 (v) Compliance with Environmental Laws. Except as
would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change: (i) neither Holdings nor any of its subsidiaries is in violation of any federal, state, local or foreign law or regulation relating to
pollution or protection of human health or the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including without limitation, laws and regulations relating to
emissions, discharges, releases or threatened releases of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous substances, radioactive substances, asbestos or asbestos-containing materials, petroleum and petroleum products
(collectively, “Materials of Environmental Concern”), or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Materials of Environmental Concern (collectively,
“Environmental Laws”), which violation includes, but is not limited to, noncompliance with any permits or other governmental authorizations required for the operation of the business of Holdings or its subsidiaries under applicable
Environmental Laws, or noncompliance with the terms and conditions thereof, nor has Holdings or any of its subsidiaries received any written communication, whether from a governmental authority, citizens group, employee or otherwise, that alleges
that Holdings or any of its subsidiaries is in violation of any Environmental Law; (ii) there is no claim, action or cause of action filed with a court or 

  

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governmental authority, no investigation with respect to which Holdings has received written notice, and no written notice by any person or entity alleging
potential liability for investigatory costs, cleanup costs, governmental responses costs, natural resources damages, property damages, personal injuries, attorneys’ fees or penalties arising out of, based on or resulting from the presence, or
release into the environment, of any Material of Environmental Concern at any location owned, leased or operated by Holdings or any of its subsidiaries, now or in the past (collectively, “Environmental Claims”), pending or, to the
best of Holdings’ knowledge, threatened against Holdings or any of its subsidiaries or any person or entity whose liability for any Environmental Claim Holdings or any of its subsidiaries has retained or assumed either contractually or by
operation of law; and (iii) to the best of Holdings’ knowledge, there are no past or present actions, activities, circumstances, conditions, events or incidents, including, without limitation, the release, emission, discharge, presence or
disposal of any Material of Environmental Concern, that reasonably could result in a violation of any Environmental Law or form the basis of a potential Environmental Claim against Holdings or any of its subsidiaries or against any person or entity
whose liability for any Environmental Claim Holdings or any of its subsidiaries has retained or assumed either contractually or by operation of law. 
  
 (w) ERISA Compliance. Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse
Change, Holdings and its subsidiaries and any “employee benefit plan” (as defined under the Employee Retirement Income Security Act of 1974, as amended, and the regulations and published interpretations thereunder (collectively,
“ERISA”)) established or maintained by Holdings, its subsidiaries or their ERISA Affiliates (as defined below) are in compliance in all material respects with ERISA. “ERISA Affiliate” means, with respect to Holdings
or a subsidiary, any member of any group of organizations described in Section 414 of the Internal Revenue Code of 1986, as amended, and the regulations and published interpretations thereunder (the “Code”) of which Holdings or such
subsidiary is a member. No “reportable event” (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any “employee benefit plan” established or maintained by Holdings, its subsidiaries or any of
their ERISA Affiliates. No “employee benefit plan” established or maintained by the Holdings, its subsidiaries or any of their ERISA Affiliates, if such “employee benefit plan” were terminated, would have any “amount of
unfunded benefit liabilities” (as defined under ERISA). Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change, neither Holdings, its subsidiaries nor any of their ERISA Affiliates
has incurred or reasonably expects to incur any liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any “employee benefit plan” or (ii) Sections 412, 4971, 4975 or 4980B of the Code. Each
“employee benefit plan” established or maintained by Holdings, its subsidiaries or any of their ERISA Affiliates that is intended to be qualified under Section 401 of the Code is so qualified and nothing has occurred, whether by action or
failure to act, which would cause the loss of such qualification. 
  
 (x) Compliance with Labor Laws. Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change, (i) there is (A) no unfair labor practice complaint pending
or, to the best of Holdings’ knowledge, threatened against the Holdings or any of its subsidiaries before the National Labor 

  

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Relations Board, and no grievance or arbitration proceeding arising out of or under collective bargaining agreements pending, or to the best of
Holdings’ knowledge, threatened, against Holdings or any of its subsidiaries, (B) no strike, labor dispute, slowdown or stoppage pending or, to the best of Holdings’ knowledge, threatened against Holdings or any of its subsidiaries and (C)
no union representation question existing with respect to the employees of the Holdings or any of its subsidiaries and, to the best of Holdings’ knowledge, no union organizing activities taking place and (ii) there has been no violation of any
federal, state or local law relating to discrimination in hiring, promotion or pay of employees or of any applicable wage or hour laws. 
  
 (y) No Outstanding Loans or Other Indebtedness. There are no material outstanding loans, advances (except normal advances for
business expenses in the ordinary course of business) or guarantees or indebtedness by Holdings to or for the benefit of any of the officers or directors of Holdings or any of the members of any of their families, except as disclosed in the Offering
Memorandum. 
  
 (z) Neither Holdings, the Company
nor any person acting on their behalf has made any commitment to any broker, finder or other intermediary, person or firm that would require the payment of any fee, commission or other payment on account of the transactions contemplated by this
Purchase Agreement. 
  
 3. Representations and Warranties of
the Purchaser. The Purchaser hereby represents and warrants to Holdings as follows: 
  
 (a) The Purchaser is a corporation, partnership, trust or other legal entity duly organized and validly existing under the laws of its
jurisdiction of organization and has full power and authority to enter into and consummate the transactions contemplated by this Purchase Agreement. 
  
 (b) The Purchaser is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D promulgated under the Act,
and is financially able to hold the Securities for long term investment and to suffer a complete loss of its investment in the Securities. The Securities are being purchased by the Purchaser for its own account for investment purposes, and not with
a view to any distribution thereof within the meaning of the Act. The Purchaser has had the opportunity to ask questions of Holdings and the Company and their officers and employees and to receive to its satisfaction such information about their
business and financial condition as it considers necessary or appropriate for deciding whether to purchase the Securities, and the Purchaser is fully capable of understanding and evaluating the risks associated with the ownership of the Securities.

  
 (c) Neither the Purchaser nor any person
acting on its behalf has made any commitment to any broker, finder or other intermediary, person or firm that would require the payment of any fee, commission or other payment on account of the transactions contemplated by this Purchase Agreement.

  

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 4. Purchase, Sale and Delivery of the Securities. Subject to the terms and conditions set forth
herein, Holdings agrees to issue and sell to the Purchaser, and the Purchaser agrees to purchase from Holdings, 20,000 shares of Redeemable Preferred Stock for a purchase price of $15,369,426.45 and Warrants (exercisable initially to purchase 21,895
shares of Series A Stock) for a purchase price of $4,630,573.55. One or more certificates in definitive form for the shares of Preferred Stock and the Warrants that the Purchaser has agreed to purchase hereunder, shall be delivered to the Purchaser
on the Closing Date, against payment by or on behalf of the Purchaser of the purchase price therefor by wire transfer of immediately available funds to such account or accounts as Holdings shall have specify prior to the Closing Date. Such delivery
of and payment for the Securities shall be made at the offices of Gibson, Dunn & Crutcher LLP, 200 Park Avenue, New York, New York 10166 at 9:00 A.M., New York City time, on March 31, 2005, or such other time and date as the Refinancing shall
occur (such time and date of delivery against payment being herein referred to as the “Closing Date” and the consummation of the issuance and sale of the Securities contemplated hereby being referred to herein as the
“Closing”). 
  
 5. Acknowledgments and
Agreements of Purchaser. Each Purchaser acknowledges and agrees that: 
  
 The Securities will not be registered under the Act or under the securities laws of any state and must be held by the Purchaser indefinitely unless the resale of the Securities is subsequently registered under the Act
and any applicable state securities law or an exemption from such registration becomes or is available. In addition to any legend required by law or any other agreement by which the Purchaser is bound, Holdings shall place a legend in substantially
the following form on any certificate representing the Securities or the Warrant Shares: 
  
 “THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY
INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT, PURSUANT TO REGISTRATION
UNDER THE SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION. 
  
 IN CONNECTION WITH ANY TRANSFER, IF REASONABLY REQUESTED BY THE ISSUER THE HOLDER SHALL DELIVER TO THE ISSUER AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE ISSUER, TO THE EFFECT THAT AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND/OR APPLICABLE STATE SECURITIES LAW IS AVAILABLE AND SUCH CERTIFICATES AND OTHER INFORMATION AS THE ISSUER MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING
RESTRICTIONS.” 
  

 11 

 Additionally, Holdings shall place a legend in substantially the following form on any
certificate representing the Preferred Stock: 
  
 “THESE
SECURITIES ARE SUBJECT TO MANDATORY REDEMPTION BY THE CORPORATION. THE CORPORATION SHALL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS THE DESIGNATIONS, POWERS, PREFERENCES AND RELATIVE AND OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR
SERIES OF STOCK OF THE CORPORATION AUTHORIZED TO BE ISSUED, SO FAR AS THEY HAVE BEEN DETERMINED, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE THE RELATIVE RIGHTS AND PREFERENCES OF SUBSEQUENT CLASSES OR SERIES.” 
  
 Additionally, Holdings shall place a legend in substantially
the following form of any certificate representing the Warrants or the Warrant Shares, as appropriate: 
  
 THE WARRANTS REPRESENTED BY THIS CERTIFICATE MAY BE REQUIRED TO BE EXERCISED UPON THE DEMAND OF THE ISSUER, UPON THE OCCURRENCE OF CERTAIN EVENTS
SPECIFIED IN THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF THE ISSUER. THE ISSUER WILL FURNISH WITHOUT CHARGE TO EACH HOLDER WHO SO REQUESTS A COPY OF THE AMENDED AND RESTATED ARTICLES OF INCORPORATION OF THE ISSUER. 
  
 THIS SECURITY IS SUBJECT TO MANDATORY REDEMPTION BY THE ISSUER. SUCH
REDEMPTION CAN BE ACCOMPLISHED WITHOUT THE CERTIFICATES REPRESENTING SUCH SECURITIES BEING SURRENDERED AND WHETHER OR NOT THE ISSUER GIVES NOTICE OF SUCH REDEMPTION. THE ISSUER WILL FURNISH WITHOUT CHARGE TO EACH SECURITYHOLDER WHO SO REQUESTS A
FULL STATEMENT OF THE DESIGNATIONS, PREFERENCES, LIMITATIONS AND RELATIVE RIGHTS OF EACH CLASS OF STOCK OR SERIES OF STOCK OF THE ISSUER AUTHORIZED TO BE ISSUED, SO FAR AS THEY HAVE BEEN DETERMINED, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO
DETERMINE THE RELATIVE RIGHTS AND PREFERENCES OF SUBSEQUENT CLASSES OR SERIES.” 
  
 6. Fees and Expenses. Holdings agrees to pay, upon the consummation of the Transactions (including the purchase of the Securities pursuant to this Purchase Agreement), (i) a fee to the Purchaser in the amount
of $600,000 and (ii) the reasonable out-of-pocket expenses of the Purchaser in connection with the purchase of the Securities (it being understood and agreed that the fees and expenses of only one firm of outside counsel to the Purchaser shall be
included therein). Holdings further agrees to pay or cause to be paid all reasonable out-of-pocket expenses incurred by the Purchaser following the Closing Date in respect of the Purchaser monitoring its investment in the Securities (including such
expenses arising from attending meetings of Holding’s Board of Directors). 
  

 12 

 7. Reports. So long as the Purchaser and its affiliates beneficially own more than 5,000 shares of
Preferred Stock (as adjusted for stock splits, stock dividends and the like) or all of the Warrants purchased hereunder (or Warrant Shares, if any of such Warrants shall have been exercised), Holdings shall furnish to the Purchaser: 
  
 (a) reports the Company submits to the senior lenders under
the Amended Credit Facility; and 
  
 (b) reports
or other financial information concerning Holdings and its subsidiaries as the Purchaser from time to time reasonably requests. 
  
 8. Conditions of the Purchaser’s Obligations. The obligation of the Purchaser to purchase and pay for the Securities as provided herein on the
Closing Date shall be subject to the satisfaction or waiver of the following conditions on or prior to the Closing Date: 
  
 (a) There shall have been no material breach by Holdings in the performance of any of its covenants, agreements or obligations herein to
be performed at or prior to the Closing. 
  
 (b)
The representations and warranties contained in Section 2 hereof shall be accurate in all material respects as of the Closing Date. 
  
 (c) Currently with the transactions contemplated hereby to occur on the Closing Date, the Transaction Agreements shall have become
effective on terms and conditions substantially consistent with the documentation previously furnished to the Purchaser subject to such modifications as may be consented to by the Purchaser, which consent shall not be unreasonably withheld, and the
Transactions contemplated in the Offering Memorandum to be consummated on or prior to the Closing Date shall have been consummated. 
  
 (d) On the Closing Date the Purchaser shall have received the favorable opinion of J. Michael Gaither, General Counsel of the Company,
dated as of such Closing Date, the form of which is attached as Exhibit D. 
  
 (e) On the Closing Date the Purchaser shall have received the favorable opinion of Gibson, Dunn & Crutcher LLP, special counsel for Holdings, dated as of such Closing Date, the form of which is attached as Exhibit
E. 
  
 (f) On the Closing Date the Purchaser
shall have received a written certificate executed by the Chief Executive Officer of Holdings, dated as of the Closing Date, to the effect that: 
  
 (i) for the period from and after the date of this Purchase Agreement and prior to the Closing Date there has not occurred any Material
Adverse Change; 
  
 (ii) the representations,
warranties and covenants of Holdings set forth in Section 2 of this Purchase Agreement are true and correct in all material respects 

  

 13 

 
with the same force and effect as though expressly made on and as of the Closing Date; and 
  
 (iii) Holdings has complied in all material respects with all the agreements and satisfied all the
conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date. 
  
 (g) On the Closing Date, the Purchaser shall have received the Warrant Agreement, duly authorized, executed and delivered by Holdings,
substantially in form set forth in Exhibits C hereto. 
  
 (h) Holdings shall have received proceeds from the sale of its common equity in an amount not less than $210.0 million. 
  
 (i) Holdings shall have paid all fees and expenses required to be paid as of the Closing Date in accordance with Section 6 hereof.

  
 9. Conditions to Obligations of Holdings. The
obligation of Holdings to issue and sell to the Purchaser the Securities shall be subject to the satisfaction or waiver of the following conditions on or prior to the Closing Date: 
  
 (a) There shall have been no material breach by the Purchaser in the performance of any of its covenants,
agreements or obligations herein to be performed at or prior to the Closing. 
  
 (b) The representations and warranties contained in Section 3 hereof shall be accurate in all material respects as of the Closing Date. 
  
 (c) The Transaction Agreements shall have become effective and the Transactions contemplated in the Offering
Memorandum to be consummated on or prior to the Closing Date shall have been consummated. 
  
 10. Termination. Notwithstanding anything contained in this Purchase Agreement to the contrary, this Purchase Agreement may be terminated at any time prior to the Closing Date: (a) by the mutual consent of the
Purchaser and Holdings; (b) by the Purchaser in the event that any condition set forth in Section 8 shall not be satisfied and shall not be reasonably capable of being satisfied within 10 days following the Purchaser’s written notice to
Holdings of such failure; (c) by Holdings in the event that any condition set forth in Section 9 shall not be satisfied and shall not be reasonably capable of being satisfied within 10 days following Holdings’ written notice to the Purchaser of
such failure; and (d) by Holdings or by Purchaser if the Closing shall not have occurred on or before April 29, 2005; provided, however, that no party may terminate this Purchase Agreement pursuant to clause (b), (c) or (d) if the
failure of any such condition in Section 8 or Section 9 to be satisfied or the failure of the Closing to occur on or before April 29, 2005 results from the breach by such party of this Purchase Agreement. If this Purchase Agreement is terminated
pursuant to this Section 10, all obligations of the parties under this Purchase Agreement shall be terminated without liability or penalty on the part of any party or its officers, directors or shareholders to any other party; provided,
however, that no such termination shall relieve any party from liability for damages resulting from any breach by such party of this 

  

 14 

 
Purchase Agreement or otherwise limit any remedy available to a party or parties on account of any such breach. 
  
 11. Notices. All notices and other communications given or made
pursuant to this Purchase Agreement shall be in writing and shall be deemed to have been duly given or made (a) three business days after being sent by registered or certified mail, return receipt requested, (b) upon delivery, if hand delivered, (c)
one business day after being sent by a nationally recognized prepaid overnight carrier with guaranteed delivery, with a record of receipt, or (d) upon transmission with confirmed delivery if sent by facsimile, to the parties at the following
addresses (or at such other addresses as shall be specified by the parties by like notice): 
  
 If to the Purchaser: 
  
 The 1818
Mezzanine Fund II, L.P. 
 c/o Brown Brothers Harriman 
 140 Broadway 
 New York, New York 10005 
 Facsimile: (212) 493-7293 
 Attention: Joseph
P. Donlan 
  
 with a copy to: 
  
 Paul, Weiss Rifkind, Wharton & Garrison LLP 
 1285 Avenue of the Americas 
 New York, New
York 10019 
 Facsimile: (212) 757-3990 
 Attention: Jeffrey D. Marell 
  
 If to Holdings:

  
 American Tire Distributors Holdings, Inc. 
 c/o American Tire Distributors, Inc. 
 12200
Herbert Wayne Court 
 Suite 150 
 Huntersville, NC 28070 
 Facsimile: (704) 992-1294 
 Attention: J. Michael Gaither 
  
 with a copy to: 
  
 Gibson Dunn & Crutcher LLP

 200 Park Avenue 
 New York, New
York 10016 
 Facsimile: (212) 351-4035 
 Attention: Joerg H. Esdorn 
  
 12. Successors.
This Purchase Agreement shall inure to the benefit of and be binding upon the Purchaser and Holdings and, subject to Section 18(c), their respective successors and 

  

 15 

 
legal representatives and assigns and nothing expressed or mentioned in this Purchase Agreement is intended or shall be construed to give any other person
(including any purchaser of any Securities from the Purchaser) any legal or equitable right, remedy or claim under or in respect of this Purchase Agreement, or any provisions herein contained. This Purchase Agreement and all conditions and
provisions hereof are intended to be and are for the sole and exclusive benefit of the Purchaser and Holdings and for the benefit of no other person. 
  
 13. Expiration of Representations and Warranties. The representations and warranties set forth in Sections 2(b) through (g) and Section 2(z) hereof
shall survive the Closing; all other representations and warranties set forth in Section 2 hereof shall terminate upon the Closing. 
  
 14. Confidentiality. The Purchaser agrees to protect all non-public information regarding Holdings and its subsidiaries and their businesses, it
being understood and agreed by Holdings that, in any event, the Purchaser may make (a) disclosures of such information to affiliates of the Purchaser and to Brown Brothers Harriman & Co. and their respective representatives, partners, agents and
advisors (each, an “Agent”) (and to other persons authorized by the Purchaser or any Agent to organize, present or disseminate such information in connection with disclosures otherwise made in accordance with this Section 14),
provided, that such Persons are advised of and agree to be bound by confidentiality provisions substantially comparable to this Section 14, (b) disclosures of such information reasonably required by any potential assignee or transferee in
connection with the contemplated assignment or transfer by the Purchaser of Securities (provided that such counterparties and advisors are advised of and agree to be bound by confidentiality provisions substantially comparable to this Section 14)
and (c) required or requested by any governmental agency or representative thereof or pursuant to legal or judicial process; provided, unless specifically prohibited by applicable law, the Purchaser shall make reasonable efforts to notify
Holdings of any request by any governmental agency or representative thereof for disclosure of any such non-public information prior to disclosure of such information. 
  
 15. APPLICABLE LAW. THE VALIDITY AND INTERPRETATION OF THIS PURCHASE AGREEMENT, AND THE TERMS AND CONDITIONS SET
FORTH HEREIN, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY THEREIN, WITHOUT GIVING EFFECT TO ANY PROVISIONS THEREOF RELATING TO CONFLICTS OF LAW THAT
WOULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 
  
 16.
Counterparts. This Purchase Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a
signature page to this Purchase Agreement by facsimile shall be as effective as delivery of a manually executed counterpart to this Purchase Agreement. 
  
 17. Preemptive Rights. So long as the Purchaser beneficially owns all of the Warrants it is purchasing hereunder (or Warrant Shares, if any of such
Warrants shall have been exercised), in the case of the proposed issuance by Holdings of any New Securities (as defined below), Holdings shall at such time deliver to the Purchaser, written notice (the “Preemptive 

  

 16 

 
Notice”) of Holdings’ decision, describing the amount, type and terms of such New Securities. The Purchaser shall have ten business days
after Holdings delivers the Preemptive Notice to agree to purchase, on the terms and conditions set forth in the Preemptive Notice, the number of shares of New Securities equal to the product of the aggregate number of New Securities to be issued by
Holdings times a fraction the numerator of which is the aggregate number of Warrant Shares for which such Warrants may be exercised at that time and the denominator of which is the aggregate number of shares of all classes or series of common stock
outstanding at that time plus the aggregate number of Warrant Shares for which such Warrants may be exercised. The closing of the sale of the New Securities shall include and be contemporaneous with the closing of the sale of securities to the
Purchaser and shall be held at such place and at such date and time as determined by Holdings but in no event earlier than 15 business days following Holdings’ delivery of the Preemptive Notice to the Purchaser. The provisions of this Section
17 will expire immediately prior to (and shall not apply to) the closing of an Initial Public Offering. For purposes of this Section 17, “New Securities” means any equity securities of Holdings, or securities convertible into or
exercisable or exchange for, such equity securities, issued after the date of this Purchase Agreement, whether authorized now or in the future, provided that it shall not mean securities (a) sold in a public offering pursuant to an effective
registration statement filed with the Securities and Exchange Commission, (b) issued as consideration in any merger or recapitalization of Holdings or issued as consideration for the acquisition of another Person (as defined in the Warrant
Agreement) or assets of another Person, (c) issued pursuant to stock incentive or compensation plans approved by the Board of Directors of Holdings, (d) issued upon exercise of warrants or convertible instruments outstanding as of the date of this
Purchase Agreement or (e) issued in connection with debt or lease financings approved by the Board of Directors of Holdings; and “Initial Public Offering” means the effectiveness of a registration statement under the Securities Act
on any of Forms S-1, S-2, S-3 or any similar or successor form covering any of the common equity securities of Holdings, and the completion of a sale of such common equity securities of Holdings thereunder, (i) following which Holdings is, or
becomes, a reporting company under Section 12(b) or 12(g) of the Exchange Act, and (ii) as a result of which the common equity securities of Holdings are traded on the New York Stock Exchange or the American Stock Exchange, or quoted on The Nasdaq
Stock Market or are traded or quoted on any other national stock exchange. 
  
 18. Miscellaneous. (a) If any term or other provision of this Purchase Agreement is invalid, illegal or incapable of being enforced by any law or public policy, all other terms and provisions of this Purchase
Agreement shall nevertheless remain in full force and effect for so long as the economic or legal substance of the transactions contemplated by this Purchase Agreement is not affected in any manner materially adverse to either party. Upon such
determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Purchase Agreement so as to effect the original intent of the parties as closely as
possible in order that the transactions contemplated by this Purchase Agreement are consummated as originally contemplated to the greatest extent possible. 
  
 (b) This Purchase Agreement and the Warrant Agreement constitute the entire agreement of the parties hereto with respect to the subject
matter hereof and thereof and supersede all prior agreements and undertakings, both written and oral, between Holdings and the Purchaser with respect to the subject matter hereof and thereof. 
  

 17 

 (c) This Purchase Agreement may not be assigned by operation of law or otherwise without
the express written consent of Holdings and the Purchaser (which consent may be granted or withheld in the sole discretion of Holdings or the Purchaser); provided that the Purchaser may, without such consent, assign its rights and obligations
under this Purchase Agreement to its affiliates in connection with a transfer of Securities to such affiliates, provided that such transfer is in accordance with the terms of this Purchase Agreement. 
  
 (d) Each of the parties hereto shall use their reasonable
best efforts to take, or cause to be taken, all appropriate actions as may be required to carry out the provisions of this Purchase Agreement and consummate and make effective the transactions contemplated by this Purchase Agreement. 
  
 (e) Any term of this Purchase Agreement may be amended and
the observance of any such term may be waived (either generally or in a particular instance) only with the prior written consent of each of the parties hereto. 
  

 18 

  
 If the foregoing correctly
sets forth our understanding, please indicate your acceptance thereof in the space provided below for that purpose, whereupon this letter shall constitute a binding agreement among Holdings and the Purchaser. 
  

			
	Very truly yours,
	
	AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC.
		
	By:	 	 /s/ Steven Puccinelli

	 	 	 Name: Steven Puccinelli

	 	 	 Title: President

  

			
	The foregoing Agreement is hereby confirmed and accepted as of the date first above written.
	
	The 1818 MEZZANINE FUND II, L.P.
	 By:
	 	Brown Brothers Harriman & Co., its general partner
		
	By:	 	 /s/ Joseph P. Donlan

	 	 	 Name: Joseph P. Donlan

	 	 	 Title: Managing DirectorStockholders Agreement dated as of March 31, 2005

 Exhibit 10.20 
  
 Execution Copy 

  
 STOCKHOLDERS AGREEMENT 
  
 dated as of March 31, 2005 
  
 by and among 
  
 AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC., 
  
 and 
  
 EACH PERSON LISTED ON THE SIGNATURE PAGES HERETO 
  

  

  
 TABLE OF CONTENTS

  

					
	 	  	 	  	Page

	Section 1.	  	 Definitions
	  	1
			
	Section 2.	  	 Board Representation
	  	4
			
	Section 3.	  	 Right To Participate in Certain Sales
	  	4
			
	Section 4.	  	 Right to Participate in Certain Financings
	  	6
			
	Section 5.	  	 Right of First Offer
	  	7
			
	Section 6.	  	 Certain Covenants
	  	8
			
	Section 7.	  	 Support of Extraordinary Transaction
	  	9
			
	Section 8.	  	 Notices
	  	9
			
	Section 9.	  	 Invalid Provisions
	  	9
			
	Section 10.	  	 Counterparts
	  	9
			
	Section 11.	  	 Governing Law; Consent to Jurisdiction
	  	9
			
	Section 12.	  	 Assignment; Successors and Assigns
	  	10
			
	Section 13.	  	 Titles and Headings; Construction
	  	10
			
	Section 14.	  	 Entire Agreement; Amendments
	  	10
			
	Section 15.	  	 Waivers
	  	10
			
	Section 16.	  	 Specific Performance
	  	10
			
	Section 17.	  	 Relationship of the Parties
	  	11

  

 i 

  
 STOCKHOLDERS AGREEMENT

  
 This STOCKHOLDERS AGREEMENT (this
“Agreement”) is dated as of March 31, 2005 by and among American Tire Distributors Holdings, Inc., a Delaware corporation (the “Company”) and each Person listed on the signature pages hereto as a Stockholder
(collectively, the “Stockholders”). 
  
 W
I T N E S S E T H 
  
 WHEREAS, the Stockholders wish to provide for certain matters regarding the governance of the Company and the disposition of their equity securities of the Company as set forth hereinafter; 
  
 NOW, THEREFORE, in consideration of the mutual terms, conditions and other
covenants and agreements set forth herein, the parties hereto, hereby agree as follows: 
  
 Section 1. Definitions. In this Agreement the following terms shall have the respective meanings ascribed to them below: 
  
 “Affiliate” means, (i) as applied to any Person other than an Investcorp Investor, any other Person
directly or indirectly controlling, controlled by or under common control with that Person and (ii) as applied to the Investcorp Investors, any other Person with whom Investcorp or any of its Affiliates has an administrative relationship with
respect to securities of the Company. For the purposes of this definition, “control” (including with correlative meanings, the terms “controlling”, “controlled by”, and “under common control with”) as applied
to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through ownership of voting securities or by contract or otherwise. 
  
 “ATD” means American Tire Distributors, Inc., a Delaware
corporation. 
  
 “Berkshire/Greenbriar Investors”
means, as of any applicable date, the Berkshire Investors and the Greenbriar Investors as of such date. 
  
 “Berkshire Investors” means, as of any applicable date, Berkshire Investors LLC, Berkshire Fund VI Investment Corp., and their respective
Affiliates, to the extent that such Persons own equity securities of the Company as of such date. 
  
 “Board” means the Company’s Board of Directors. 
  
 “Business Day” means a day other than Saturday, Sunday or any day on which banks located in the State of
New York are authorized or obligated to close. 
  
 “Charter” means the Company’s Amended and Restated Certificate of Incorporation, as amended from time to time. 
  

 “Company” has the meaning set forth in the forepart of this Agreement. 
  
 “Designated Sale Event” shall mean any transaction or series
of related transactions that would result in the sale of twenty-five percent (25%) or more of the common equity interests of the Company to any Person or Persons other than one or more Investcorp Investors. 
  
 “Director” means a member of the Board. 
  
 “Electing Holder” has the meaning set forth in Section 3(c).

  
 “Exchange Act” means the Securities and
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
  
 “Extraordinary Transaction” means any merger, reorganization, recapitalization or other corporate transaction in which shares of any series of common stock of the Company are converted into or
exchanged for cash, securities of any entity or other property. 
  
 “Greenbriar Investors” means, as of any applicable date, Greenbriar Equity Fund, L.P. and Greenbriar Co-Investment Partners, L.P. and their respective Affiliates, to the extent that such Persons own equity securities of the
Company as of such date. 
  
 “IIEL” means
Investcorp Investment Equity Limited, a Cayman Islands corporation. 
  
 “Included Series B Shares” has the meaning set forth in Section 3(c). 
  
 “Initial Public Offering” means the effectiveness of a registration statement under the Securities Act on any of Forms S-1, S-2, S-3 or
any similar or successor form covering any of the common equity securities of the Company, and the completion of a sale of such common equity securities of the Company thereunder, (i) following which the Company is, or becomes, a reporting company
under Section 12(b) or 12(g) of the Exchange Act, and (ii) as a result of which the common equity securities of the Company are traded on the New York Stock Exchange or the American Stock Exchange, or quoted on The Nasdaq Stock Market or are traded
or quoted on any other national stock exchange. 
  
 “Investcorp” means Investcorp S.A. 
  
 “Investcorp Investors” means, as of any applicable date, IIEL and its Affiliates, to the extent that such Persons own common equity securities of the Company as of such date. 
  
 “New Securities” means any equity securities of the Company,
or securities convertible into or exercisable or exchange for, such equity securities, issued after the date of this Agreement, whether authorized now or in the future, provided that it shall not mean securities (a) sold in a public offering
pursuant to an effective registration statement filed with the SEC, (b) issued as consideration in any merger or recapitalization of the Company or issued as consideration for the acquisition of another Person or assets of another Person, (c) issued
pursuant to stock incentive or compensation plans approved by the Board, (d) issued upon 

  

 2 

 
exercise of warrants or convertible instruments outstanding as of the date of this Agreement or (e) issued in connection with debt or lease financings
approved by the Board. 
  
 “Notice of Exercise”
has the meaning set forth in Section 5(b). 
  
 “Offer” has the meaning set forth in Section 5(a). 
  
 “Offer Period” has the meaning set forth in Section 5(b). 
  
 “Person” means and includes an individual, a partnership, a corporation, a limited liability company, a trust, a joint venture, a joint
stock company, an unincorporated organization and any governmental or regulatory body or other agency or authority or political subdivision thereof. 
  
 “Preemptive Notice” has the meaning set forth in Section 4(a). 
  
 “Pro Rata Series B Share Amount” has the meaning set forth in Section 3(a). 
  
 “Right” has the meaning set forth in Section 5(b).

  
 “SEC” means, at any time, the Securities and
Exchange Commission or any other federal agency at such time administering the Securities Act. 
  
 “Section 3 Election Notice” has the meaning set forth in Section 3(c). 
  
 “Section 3 Purchaser” has the meaning set forth in Section 3(a). 
  
 “Section 3 Sale” has the meaning set forth in Section 3(a). 
  
 “Section 3 Sale Notice” has the meaning set forth in Section
3(b). 
  
 “Securities Act” means the Securities
Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder. 
  
 “Series A Common Stock” means the Series A Common Stock of the Company, par value $0.01 per share. 
  
 “Series A Stockholder” means, as of any applicable date of
determination, the holders of the outstanding Series A Common Stock who are party to this Agreement. 
  
 “Series B Common Stock” means the Series B Common Stock of the Company, par value $0.01 per share. 
  
 “Series B Stockholder” means, as of any applicable date of
determination, the holders of the outstanding Series B Common Stock who are party to this Agreement. 
  
 “Series D Common Stock” means the Series D Common Stock of the Company, par value $0.01 per share. 
  

 3 

 “Series D Stockholders” means, as of any applicable date of determination, the holders
of the outstanding Series D Common Stock who are party to this Agreement. 
  
 “Stockholder” or “Stockholders” has the meaning set forth in the forepart of this Agreement. 
  

“Stock Sale Notice” has the meaning set forth in Section 5(a). 
  
 “Subject Shares” has the meaning set forth in Section 5(a). 
  
 “Transfer” means a sale, assignment, transfer, encumbrance,
pledge, hypothecation, mortgage, gift, bequest or other transfer or disposition in any manner. 
  
 “Transferring Holder” has the meaning set forth in Section 5(a). 
  
 Section 2. Board Representation. 
  
 (a) The Series D Stockholders hereby agree that, from and after the date hereof until the Initial Public Offering, the Series D Stockholders will vote, or
cause to be voted, the shares of Series D Common Stock owned by them in such a manner as to (i) elect to the Board (A) one (1) Director designated by a majority in interest of the Berkshire Investors, but only so long as the Berkshire Investors own
at least sixty five percent (65%) of the shares of Series B Common Stock such investors own on the date hereof, as adjusted for stock splits, stock dividends, reclassifications and similar events, (B) one (1) Director designated by a majority in
interest of the Greenbriar Investors, but only so long as the Greenbriar Investors own at least sixty five percent (65%) of the shares of Series B Common Stock such investors own on the date hereof, as adjusted for stock splits, stock dividends,
reclassifications and similar events and (C) one (1) Director designated by The 1818 Mezzanine Fund, L.P., but for only so long as The 1818 Mezzanine Fund, L.P. has the contractual right to such Board seat and (ii) appoint at least one (1) of the
Directors elected pursuant to 2(a)(i)(A) and 2(a)(i)(B) above to any material committee of the Board. 
  
 (b) The Series B Stockholders acknowledge and agree that the Series D Stockholders shall have the right to designate all other Directors and to designate
at least a majority of the Directors on the Board (or, at the election of the Series D Stockholder, any lesser number of Directors). 
  
 Section 3. Right to Participate in Certain Sales. 
  

(a) In the event that, from and after the date hereof until the Initial Public Offering, one or more Investcorp Investors propose to engage in a sale
or series of related sales of Series A Common Stock which is not a “Tag-Along Transfer” within the meaning of Article IV of the Articles of Incorporation (a “Section 3 Sale”) to one or more purchasers who are not
Investcorp Investors (a “Section 3 Purchaser”), then, except as provided in Section 3(e), each Series B Stockholder shall be given the right to participate in such Section 3 Sale at the same price and on the same terms and
conditions as the Investcorp Investors participating in such transaction, up to the Pro Rata Series B Share Amount (as defined below) applicable to such Series B Stockholder. 

  

 4 

 
As used in this Section 3, the “Pro Rata Series B Share Amount” applicable to a Series B Stockholder shall mean the number of whole shares
of Series B Common Stock derived by multiplying (x) the total number of shares of Series B Common Stock then held by such Series B Stockholder by (y) a fraction, the numerator of which is the total number of shares of Series A Common Stock to be
included by Investcorp Investors in the Section 3 Sale and the denominator of which is the total number of outstanding shares of all classes of common stock of the Company held by the Investcorp Investors participating in such transaction.

  
 (b) The Investcorp Investors proposing to engage in a Section
3 Sale shall notify, or cause to be notified, each Series B Stockholder having participation rights under this Section 3 in writing of each Section 3 Sale at least 15 Business Days prior to the scheduled closing of the Section 3 Sale. Such notice
(the “Section 3 Sale Notice”) shall set forth the following: (i) the total number of shares of Series A Common Stock to be included in the Section 3 Sale, (ii) the applicable Pro Rata Series B Share Amount for each holder of Series
B Common Stock then having rights under this Section 3 and the basis on which each of such amounts has been calculated, (iii) the consideration per share to be paid by the Section 3 Purchaser, (iv) a summary of other material terms and conditions of
the Section 3 Sale, including the identity of the Section 3 Purchaser, and an estimate of anticipated expenses, (v) that the Section 3 Purchaser has been informed of the participation rights under this Section 3 and has agreed to purchase Series B
Common Stock up to the applicable Pro Rata Series B Share Amounts to the extent holders of such Series B Common Stock elect to participate and (vi) the name and address of the Person to whom such holders of Series B Common Stock should direct their
election notices as provided in Section 3(c) below. 
  
 (c) (i)
The participation rights granted pursuant to this Section 3 may be exercised by holders of such rights by delivery of a written notice to the Person identified pursuant to Section 3(b)(vi) (the “Section 3 Election Notice”) within 10
Business Days following receipt of such Notice (each holder of such participation rights who so elects is referred to herein as an “Electing Holder”). The Section 3 Election Notice shall state either (A) that the Electing Holder
elects to include in such sale its full Pro Rata Series B Share Amount or (B) if such Electing Holder elects to include in such Sale a lesser number of shares, such lesser number of shares (such amount, in either case, the “Included Series B
Shares”). 
  
 (ii) The Section 3
Election Notice shall constitute a binding agreement by the applicable Electing Holder to sell the Included Series B Shares in the Section 3 Sale on the terms and conditions specified in the Section 3 Sale Notice. In addition, by delivering the
Section 3 Election Notice such Electing Holder agrees to the following: (A) prior to the closing of any such Section 3 Sale, to execute and deliver (or cause to be executed and delivered) any purchase agreement or other documentation required by the
Section 3 Purchaser to consummate the Section 3 Sale, which purchase agreement and other documentation shall be on terms no less favorable in respect of any material term to such Electing Holder than those executed by the other Company stockholders
participating in such Section 3 Sale; and (B) at the closing of any such Section 3 Sale, to deliver to the Section 3 Purchaser the certificate or certificates representing the Included Series B Shares, duly endorsed for transfer with signatures
guaranteed, against receipt of the purchase price therefor. 
  

 5 

 If no Section 3 Election Notice is received by the person designated in the Section 3
Sale Notice to receive such notice within the time period specified in Section 3(c)(i) above, the other selling Stockholders participating in the Section 3 Sale shall have the right to sell to the Section 3 Purchaser up to the number of shares
designated as proposed for sale in the Section 3 Sale Notice on terms and conditions no more favorable in any material respect to such Stockholders than those stated in such Notice. 
  
 (d) Each holder of Included Series B Shares shall be required to bear its pro rata share, based on the number of
total shares included in such Section 3 Sale by all Company stockholders, of the expenses of the transaction, including without limitation legal, accounting and investment banking fees and expenses. 
  
 (e) The provisions of this Section 3 shall not apply to any shares of Series
B Common Stock that have previously been the subject of a completed Section 3 Sale nor shall the purchaser of any such shares have the right, pursuant to this Agreement, to participate in any subsequent Section 3 Sale. 
  
 (f) The provisions of this Section 3 shall not apply to sales by any
Investcorp Investor to any Affiliate of any such Investcorp Investor or to any other Investcorp Investor. 
  
 (g) Nothing herein shall constitute an obligation on the part of the Investcorp Investors proposing to engage in a Section 3 Sale to consummate such sale.

  
 Section 4. Right to Participate in Certain
Financings. 
  
 (a) In the case of the proposed issuance
by the Company of any New Securities, the Company shall at such time deliver to each Series B Stockholder that, together with its Affiliates, holds more than three percent (3%) of the outstanding common equity interests of the Company, written
notice (the “Preemptive Notice”) of the Company’s decision, describing the amount, type and terms of such New Securities. Each such Series B Stockholder shall have ten (10) Business Days after the Company delivers the
Preemptive Notice to agree to purchase, on the terms and conditions set forth in the Preemptive Notice, the number of shares of New Securities equal to the product of the aggregate number of New Securities to be issued by the Company times a
fraction the numerator of which is the aggregate number of shares of Series B Common Stock held by such Stockholder at that time and the denominator of which is the aggregate number of shares of all classes or series of common stock outstanding at
that time. The closing of the sale of the New Securities shall include and be contemporaneous with the closing of the sale of securities to participating Series B Stockholders and shall be held at such place and at such date and time as determined
by the Company but in no event earlier than fifteen (15) Business Days following the Company’s delivery of the Preemptive Notice to the Series B Stockholders. 
  
 (b) With respect to any purchase of common equity securities by Series B Stockholders pursuant to this Section 4, the
Company and the Series B Stockholders shall to the extent reasonably practicable (including, without limitation, taking all action necessary to cause an increase in authorization of additional shares of Series B Common Stock) issue such common
equity securities in the form of additional shares of Series B Common Stock to such 

  

 6 

 
Stockholders; provided that the proposed terms of the common equity securities to be issued are substantially comparable to the Series B Common Stock.

  
 (c) The provisions of this Section 4 will expire immediately
prior to (and shall not apply to) the closing of the Initial Public Offering. 
  
 Section 5. Right of First Offer. 
  
 (a) In the event that any Series B Stockholder (the “Transferring Holder”) is interested in Transferring any shares of Series B Common Stock (the “Subject Shares”) to any Person who
is not an Affiliate of the Transferring Holder, then prior to any such Transfer, the Transferring Holder must furnish an offer by written notice to IIEL and the Company (a “Stock Sale Notice”) to sell the Subject Shares to IIEL and
the Company for a purchase price (the “Offer”). 
  
 (b) IIEL and the Company shall have the right (the “Right”) to accept the Offer within thirty (30) days of receiving the Stock Sale Notice (the “Offer Period”) by notice in writing to the Transferring
Holder (the “Notice of Exercise”). As between the Company and IIEL, IIEL will have the first priority with respect to the Subject Shares, and the Subject Shares may be allocated between IIEL and the Company in any amounts mutually
agreed upon by IIEL and the Company. 
  
 (c) If the Company and
IIEL elect not to exercise their Right or if the Offer Period ends without the Company or IIEL delivering a Notice of Exercise to the Transferring Holder, the Transferring Holder may elect to sell the Subject Shares to any third party; provided,
that, with respect to any such sale to a third party (i) the closing of such sale shall be no later than ninety (90) days after the Transferring Holder receives notice from the Company and IIEL that they are not exercising their Right or the Offer
Period ends, whichever is later, (ii) the purchase price payable for the Subject Shares shall be at least equal to the price set forth in the Stock Sale Notice, (iii) such third party must execute a joinder to this Agreement and agree to be bound by
all of the provisions hereof applicable to the Transferring Holder to the extent such provisions by their terms continue in effect and (iv) the total number of Persons holding Series B Common Stock as a result of sales pursuant to this Section 5
shall not exceed ten (10) Persons without the written consent of the Company. 
  
 (d) At any closing of the sale of the Subject Shares to the Company and/or IIEL, (i) the Transferring Holder shall deliver to the Person or Persons exercising the Right the stock certificates evidencing the Subject
Shares in valid form for transfer with all appropriate and duly executed assignments, stock powers or endorsements, as the case may be, bearing any necessary documentary stamps and accompanied by such certificates of authority, consents to transfer
or other instruments or evidences of good title of the Transferring Holder to such shares, free and clear of all claims, liens, pledges and encumbrances, as the Investcorp Investors may reasonably request, and (ii) the Person or Persons exercising
the Right will pay to the Transferring Holder the applicable purchase price by wire transfer of immediately available funds to such account as the Transferring Holder shall designate in writing to IIEL. 
  

 7 

 (e) IIEL shall have the right to assign its rights under this Section 5 to any other Investcorp Investor.

  
 (f) The provisions of this Section 5 will expire immediately
prior to (and shall not apply to) the closing of the Initial Public Offering. 
  
 Section 6. Certain Covenants. 
  
 (a) The Company and the Series D Stockholders agree that, from the date hereof until the Initial Public Offering, the payment by the Company or any of its subsidiaries of any fee or other compensation for services to
Investcorp or any of its subsidiaries will be split pro rata among Investcorp, a designee of the Berkshire Investors and a designee of the Greenbriar Investors in accordance with their respective ownership of the outstanding common equity
securities of the company as of the date such fee or other compensation is paid. 
  
 (b) Any transaction between the Company, on one hand, and any Stockholder or any Affiliate of any Stockholder, on the other hand, other than a transaction in which all Stockholders are being treated equally, shall be
approved by a majority of the Board of Directors who are not interested in such transaction. Furthermore, the Company and the Series D Stockholders agree that the holders of Series B Common Stock will be treated in a manner no less favorable
(including with respect to price and timing) than the holders of other series of common stock of the Company in any Extraordinary Transaction occurring prior to the Initial Public Offering. 
  
 (c) As soon as available to the public, the Company will provide to the
Berkshire/Greenbriar Investors copies of all annual reports, periodic reports and other filings made by ATD with the SEC. In the event that, after the date hereof, ATD is not is required to make filings with the SEC, the Company will deliver to the
Berkshire/Greenbriar Investors as soon as available annual, quarterly, and, if provided to Investcorp, monthly consolidated balance sheets and consolidated statements of income and shareholders’ equity and consolidated statements of cash flows
of ATD. 
  
 (d) The Company shall permit authorized
representatives of each of the Berkshire/Greenbriar Investors to visit and inspect the books and records of ATD during normal business hours and upon reasonable notice to the Company. 
  

 8 

 Section 7. Support of Extraordinary Transaction. In the event that the Company or the
Series D Stockholders shall propose any Extraordinary Transaction, each Series B Stockholder shall vote in favor of, and shall provide its affirmative written consent to, such Extraordinary Transaction at any stockholders meeting called, or written
consent sought, with respect thereto and will otherwise provide all cooperation and support thereto reasonably requested by IIEL. In the event that any Stockholder shall fail to comply with this Section 7, such Stockholder shall be deemed
immediately to have granted to IIEL a proxy to vote its equity securities of the Company in favor of such Extraordinary Transaction. Such Stockholder acknowledges that each such proxy granted hereby is being given to secure the performance of an
obligation hereunder, is coupled with an interest, and shall be irrevocable until such obligation is performed. 
  
 Section 8. Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed to
have been duly given or made (a) five (5) Business Days after being sent by registered or certified mail, return receipt requested, (b) upon delivery, if hand delivered, (c) one (1) Business Day after being sent by prepaid overnight carrier with
guaranteed delivery, with a record of receipt, or (d) upon transmission with confirmed delivery if sent by cable, telegram, facsimile or telecopy, to the parties at the addresses indicated on Schedule A attached hereto (or at such other addresses as
shall be specified by the parties by like notice). 
  
 Section
9. Invalid Provisions. If any provision of this Agreement is held to be illegal, invalid or unenforceable, and if the rights or obligations of any party hereto under this Agreement will not be materially and adversely affected thereby,
(a) such provision will be fully severable, (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof, (c) the remaining provisions of this Agreement will remain in
full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance therefrom and (d) in lieu of such illegal, invalid or unenforceable provision, there will be added automatically as a part of this
Agreement a legal, valid and enforceable provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible. 
  
 Section 10. Counterparts. This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of
which together will constitute one and the same instrument, and shall become binding when one or more counterparts have been signed by each of the parties and delivered to each of the Company and the Stockholders; provided, however,
that delivery of a facsimile of a counterpart shall be sufficient to satisfy this Section 10. 
  
 Section 11. Governing Law; Consent to Jurisdiction. This Agreement shall be construed in accordance with and this Agreement and all disputes hereunder shall be governed by, the laws of the State of New
York, without regard to any conflicts of law provision which would require the application of the law of any other jurisdiction. By its execution and delivery of this Agreement, each of the parties hereto hereby irrevocably and unconditionally
agrees for itself that any legal action, suit or proceeding with respect to any matter under or arising out of or in connection with this Agreement or for recognition or enforcement of any judgment in any 

  

 9 

 
such action, suit or proceeding may be brought, on a non-exclusive basis, in any federal or state court of competent jurisdiction in the Borough of Manhattan
of the City of New York. By execution and delivery of this Agreement, each of the parties hereto irrevocably accepts and submits itself to the non-exclusive jurisdiction of any such court, generally and unconditionally, with respect to any such
action, suit or proceeding and waives any defense of forum non conveniens or based upon venue if such action, suit or proceeding is brought in accordance with this provision. 
  
 Section 12. Assignment; Successors and Assigns. Except as otherwise provided herein, neither this Agreement
nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto without the prior written consent of the other parties, except that any party may assign its rights and obligations hereunder to an Affiliate of
such party but only to the extent that the assignee executes a joinder to this Agreement and agrees to be bound by all of the provisions hereof applicable to the assignor. Subject to the foregoing, this Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns. 
  
 Section 13. Titles and Headings; Construction. Titles and headings to sections herein are inserted for convenience of reference only and do not define or limit the provisions hereof. The words
“include,” “includes” and “including” when used herein shall be deemed in each case to be followed by the words “without limitation.” 
  
 Section 14. Entire Agreement; Amendments. This Agreement, including the Schedules, contains the entire
understanding of the parties hereto with respect to the subject matter hereof and supersedes any previous agreements and understandings with respect to such subject matter. This Agreement may only be amended, modified or supplemented upon the prior
written consent of the holders of a majority of the Series B Common Stock and the holders of a majority of the Series D Common Stock; provided that any amendment, modification or supplement that would materially and adversely affect any particular
Stockholder shall also require the written consent of such Stockholder. 
  
 Section 15. Waivers. Any term or provision of this Agreement maybe waived, or the time for its performance may be extended, by the party or parties entitled to the benefit thereof, but only in a writing signed by such party or
parties; provided, however, that the holders a majority of the Series B Common Stock may waive any term or provision of this Agreement on behalf of the Series B Stockholders so long as such waiver does not result in any Series B Stockholder being
treated less favorably than the other Series B Stockholders. The failure of any party hereto to enforce at any time any provision of this Agreement shall not be construed to be a waiver of such provision, nor in any way to affect the validity of
this Agreement or any part hereof or the right of any party thereafter to enforce each and every such provision. No waiver of any breach of this Agreement shall be held to constitute a waiver of any other or subsequent breach. 
  
 Section 16. Specific Performance. The parties acknowledge that
irreparable damage would result if this Agreement were not specifically enforced, and they therefore consent that the rights and obligations of the parties under this Agreement may be enforced by a decree of 

  

 10 

 
specific performance issued by a court of competent jurisdiction. Such a remedy shall, however, not be exclusive and shall be in addition to any other
remedies which any party may have under this Agreement or otherwise. 
  
 Section 17. Relationship of the Parties. Nothing in this Agreement will create a partnership or establish a relationship of principal and agent or any other fiduciary relationship between or among any of the Stockholders. If
there is any conflict or inconsistency between the provisions of this Agreement and the Charter, this Agreement will prevail. 
  
 [Signature Pages Follow] 
  

 11 

 IN WITNESS WHEREOF, this Stockholders Agreement has been duly executed by the parties hereto, as of the
day and year first above written. 
  

					
	COMPANY
	
	AMERICAN TIRE DISTRIBUTORS HOLDINGS, INC.
		
	 By:
	 	 /s/ Donald Hardie

	 	 	 Name:
	 	 Donald Hardie

	 	 	 Title:
	 	 Secretary

  

					
	SERIES A STOCKHOLDERS
	
	ARCHDALE LIMITED
		
	 By:
	 	 /s/ Peter Yates

	 	 	 Name:
	 	 Martonmere Services Ltd.

	 	 	 Title:
	 	 Director

	
	CARTHAGE LIMITED
		
	 By:
	 	 /s/ Peter Yates

	 	 	 Name:
	 	 Martonmere Services Ltd.

	 	 	 Title:
	 	 Director

	
	FUQUAY LIMITED
		
	 By:
	 	 /s/ Peter Yates

	 	 	 Name:
	 	 Martonmere Services Ltd.

	 	 	 Title:
	 	 Director

	
	PARKWOOD LIMITED
		
	 By:
	 	 /s/ Peter Yates

	 	 	 Name:
	 	 Martonmere Services Ltd.

	 	 	 Title:
	 	 Director

	
	ATD HOLDINGS LIMITED
		
	 By:
	 	 /s/ Sydney J. Coleman

	 	 	 Name:
	 	 The Director Ltd.

	 	 	 Title:
	 	 Director

  

					
	SERIES D STOCKHOLDERS
	
	BALLET LIMITED
		
	 By:
	 	 /s/ Marc Bonnassieux

	 	 	 Name:
	 	 Marc Bonnassieux

	 	 	 Title:
	 	 Authorized Representative

	
	DENARY LIMITED
		
	 By:
	 	 /s/ Jameel Al Sharaf

	 	 	 Name:
	 	 Jameel Al Sharaf

	 	 	 Title:
	 	 Authorized Representative

	
	GLEAM LIMITED
		
	 By:
	 	 /s/ Zahid Zakiuddin

	 	 	 Name:
	 	 Zahid Zakiuddin

	 	 	 Title:
	 	 Authorized Representative

	
	HIGHLANDS LIMITED
		
	 By:
	 	 /s/ Anthony L. Robinson

	 	 	 Name:
	 	 Anthony L. Robinson

	 	 	 Title:
	 	 Authorized Representative

	
	NOBLE LIMITED
		
	 By:
	 	 /s/ Ebrahim H. Ebrahim

	 	 	 Name:
	 	 Ebrahim H. Ebrahim

	 	 	 Title:
	 	 Authorized Representative

  

					
	OUTRIGGER LIMITED
		
	 By:
	 	 /s/ Rangarajan Raghavan

	 	 	 Name:
	 	 Rangarajan Raghavan

	 	 	 Title:
	 	 Authorized Representative

	
	QUILL LIMITED
		
	 By:
	 	 /s/ Mohammed Ameen

	 	 	 Name:
	 	 Mohammed Ameen

	 	 	 Title:
	 	 Authorized Representative

	
	RADIAL LIMITED
		
	 By:
	 	 /s/ Harin Wijeyeratne

	 	 	 Name:
	 	 Harin Wijeyeratne

	 	 	 Title:
	 	 Authorized Representative

	
	SHORELINE LIMITED
		
	 By:
	 	 /s/ Salman Javed

	 	 	 Name:
	 	 Salman Javed

	 	 	 Title:
	 	 Authorized Representative

	
	ZINNIA LIMITED
		
	 By:
	 	 /s/ Dez Heltz

	 	 	 Name:
	 	 Dez Heltz

	 	 	 Title:
	 	 Authorized Representative

	
	INVESTCORP INVESTMENT EQUITY LIMITED
		
	 By:
	 	 /s/ Sydney J. Coleman

	 	 	 Name:
	 	 The Director Ltd.

	 	 	 Title:
	 	 Director

  

							
	SERIES B STOCKHOLDERS
		
	 	 	BERKSHIRE INVESTORS LLC
			
	 	 	 By:
	 	 /s/ Randy Peeler

	 	 	 	 	 Name:
	 	 Randy Peeler

	 	 	 	 	 Title:
	 	 Managing Member

		
	 	 	BERKSHIRE FUND VI INVESTMENT CORP.
			
	 	 	 By:
	 	 /S/ Randy Peeler

	 	 	 	 	 Name:
	 	 Randy Peeler

	 	 	 	 	 Title:
	 	 Vice President

		
	 	 	GREENBRIAR EQUITY FUND, L.P.
			
	 	 	 By:
	 	 /s/ Joel S. Beckman

	 	 	 	 	 Name:
	 	 Joel S. Beckman

	 	 	 	 	 Title:
	 	 Authorized Representative

		
	 	 	GREENBRIAR CO-INVESTMENT PARTNERS, L.P.
			
	 	 	 By:
	 	 /s/ Joel S. Beckman

	 	 	 	 	 Name:
	 	 Joel S. Beckman

	 	 	 	 	 Title:
	 	 Authorized Representative

  

 SCHEDULE A 
  
 Addresses 
  
 SERIES A STOCKHOLDERS 
  

			
	 Name of Holder

	  	 Address of Holder

	Archdale Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Carthage Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Fuquay Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Parkwood Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	ATD Holdings	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands

  
 SERIES B
STOCKHOLDERS 
  

			
	 Name of Holder

	  	 Address of Holder

	Berkshire Investors LLC	  	One Boston Place,
33rd Floor
Boston, MA 02108
		
	Berkshire Fund VI Investment
Corp.	  	One Boston Place, 33rd Floor
Boston, MA 02108
		
	Greenbriar Equity Fund, L.P.	  	555 Theodore Fremd Ave.
Suite A-201
Rye, NY 10580
		
	Greenbrian Co-Investment Partners,
L.P.	  	555 Theodore Fremd Ave.
Suite A-201
Rye, NY 10580

  

 SERIES D STOCKHOLDERS 
  

			
	 Name of Holder

	  	 Address of Holder

	Ballet Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Denary Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Gleam Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Highlands Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Noble Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Outrigger Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Quill Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Radial Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Shoreline Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Zinnia Limited	  	P. O. Box 2197 George Town,
Grand Cayman, Cayman Islands
		
	Investcorp Investment
Equity Limited	  	P. O. Box 1111 George Town,
Grand Cayman, Cayman Islands

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