Document:

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                                                                    Exhibit 4.03

                                    FORM OF
                                 PROMISSORY NOTE

         $_______                                        Phoenix, Arizona
                                                         __________, 20__

         FOR VALUE RECEIVED, the undersigned, _____________ (the "Payor"),
hereby promises to pay to the order of CSK AUTO CORPORATION, a Delaware
corporation, or its successor or assign (the "Holder"), at the office of Holder
at 645 E. Missouri Avenue, Phoenix, Arizona, Attn.: Chief Executive Officer, on
the earlier of (i) __________, 20__ (the Maturity Date) and (ii) the date to
which the maturity of this Note is accelerated as provided below, the principal
sum of _______________________________________________ DOLLARS ($______),
together with any accrued and unpaid interest thereon, in lawful money of the
United States of America in immediately available funds, and to pay interest
from the date hereof on the principal amount hereof from time to time
outstanding, in like funds, at said office. From the date hereof interest (i)
shall accrue on the outstanding principal amount hereof at a rate which shall be
calculated for each quarter or part thereof of the Holder's fiscal year, (ii)
shall equal the average rate paid by CSK Auto, Inc. under the revolving portion
of its senior credit facility during such period, and (iii) shall be payable in
arrears on or prior to the 30th day after the end of each such fiscal quarter.

         The Payor hereby promises to pay interest, on demand, on any overdue
principal and, to the extent permitted by law, on any overdue interest (other
than interest added to and constituting a part of the principal hereof in
accordance with the terms hereof), and on any overdue amount under any
instrument now or hereafter evidencing or securing the indebtedness evidenced
hereby, at a rate equal to the rate of interest from time to time announced
publicly by The Chase Manhattan Bank, as its base rate plus 3% (but in no event
less than 8%), calculated on the basis of the actual number of days elapsed over
365, from the date such principal or interest was due to the date of payment.

         The Payor shall have the right at any time and from time to time on any
business day to prepay the principal amount of this Note, together with accrued
and unpaid interest thereon, in whole or in part, without penalty or premium,
upon at least three business days' prior written notice to the Holder hereof,
such notice to specify the prepayment date and the principal amount hereof to be
prepaid. In the event the Payor decides not to so prepay this Note in accordance
with any such notice delivered to the Holder hereof, the Payor shall so notify
the Holder hereof, not less than two business days before such prepayment would
otherwise have been made.

         This Promissory Note is subject to the terms of the CSK Auto
Corporation 2000 Senior Executive Stock Loan Plan (the "Plan") and is secured by
that certain Stock Pledge Agreement, dated as of even date herewith, between the
Holder and the Payor (the "Stock Pledge Agreement").

         In case of the happening of any of the following events ("Events of
Default"):

                  (i) default shall be made in the payment of the principal of
         or interest on this Note when and as the same shall become due and
         payable, whether at the due date thereof or at a date fixed for
         prepayment thereof or otherwise; provided, however, that in

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       the case of a failure to make an interest payment an Event of Default
       shall not occur until such interest remains unpaid for 10 days following
       notice from the Holder to the Payor that such interest payment is in
       default;

                  (ii) a breach of any covenant contained in this Note, other
         than the covenant to pay the principal of and interest on this Note,
         which breach shall continue unremedied for thirty days after written
         notice by the Holder hereof;

                  (iii) the Payor shall (a) voluntarily commence any proceeding
         or file any petition seeking relief under Title 11 of the United States
         Code or any other Federal or state bankruptcy, insolvency, liquidation
         or similar law, (b) consent to the institution of, or fail to
         controvert in a timely and appropriate manner, any such proceeding or
         the filing of any such petition, (c) apply for or consent to the
         appointment of a receiver, trustee, custodian, sequestrator or similar
         official for him or for a substantial part of his property, (d) file an
         answer admitting the material allegations of a petition filed against
         him in any such proceeding, (e) make a general assignment for the
         benefit of creditors or (f) become unable, admit in writing his
         inability or fail generally to pay his debts as they become due;

                  (iv) an involuntary proceeding shall be commenced or an
         involuntary petition shall be filed in a court of competent
         jurisdiction seeking (a) relief in respect of the Payor, or of a
         substantial part of the property of the Payor, under Title 11 of the
         United States Code or any other Federal or state bankruptcy,
         insolvency, receivership or similar law or (b) the appointment of a
         receiver, trustee, custodian, sequestrator or similar official for the
         Payor or for a substantial part of the property of the Payor; and such
         proceeding or petition shall continue undismissed for 60 days or an
         order or decree approving or ordering any of the foregoing shall
         continue unstayed and in effect for 60 days;

                  (v) the Payor shall not deliver to the Secured Party (as
         defined in the Pledge Agreement) within 15 days of the date hereof all
         certificates or instruments representing or evidencing the Pledged
         Shares (as defined in the Pledge Agreement), or not deliver to the
         Secured Party within 10 days of the acquisition thereof by the Payor
         all certificates and instruments representing or evidencing securities
         acquired by the Payor after the date hereof in substitution for or with
         respect to the Pledged Shares and constituting Pledged Collateral (as
         defined in the Pledge Agreement), all of which certificates or
         instruments shall be in suitable form for transfer by delivery, or
         shall be accompanied by duly executed instruments of transfer or
         assignment in blank, all in form and substance satisfactory to the
         Secured Party;

                  (vi) an Event of Default (as defined in the Stock Pledge
         Agreement) shall have occurred under the Stock Pledge Agreement; or

                  (vii) Payor shall, for any reason, cease to be an employee of
         Holder or any of its subsidiaries and the date set for repayment of a
         Loan (as defined in the Plan) under Section 5(c) of the Plan shall have
         passed without the Loan and all accrued interest thereon having been
         repaid in full;
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         then, in any such event (other than an event described in paragraph
(iii) or (iv) above), the Holder hereof may declare the principal amount of this
Note then outstanding to be forthwith due and payable, whereupon the principal
hereof, together with accrued and unpaid interest thereon, shall become
forthwith due and payable both as to principal and interest, without
presentment, demand, protest or any other notice of any kind, all of which are
hereby expressly waived by the Payor (to the extent permitted by law), anything
contained herein to the contrary notwithstanding; and, in any event described in
paragraph (iii) or (iv) above, the principal amount of this Note, together with
accrued and unpaid interest thereon, shall automatically become due and payable
without presentment, demand, protest or other notice of any kind, all of which
are hereby expressly waived by the Payor.

         In addition, in the event that any cash dividend or distribution is
paid by the Holder with respect to the Pledged Shares, the Payor shall make a
mandatory prepayment with respect to this Note equal to the amount of such
dividend or distribution, which shall be applied first to accrued but unpaid
interest under this Note, then to principal.

         If any payment under this Note is not made when due, whether at
maturity or by acceleration, Payor shall pay all costs of collection whether or
not suit is filed hereon, on the Stock Pledge Agreement or otherwise, including,
but not limited to, reasonable attorneys' fees and all expenses incurred in
connection with the protection or realization of any collateral.

         Payor hereby certifies and declares that all acts, conditions and
things required to be done and performed and to have happened precedent to the
creation and issuance of this Note, and to constitute this Note the legal, valid
and binding obligation of Payor, enforceable in accordance with the terms
hereof, have been done and performed and happened in due and strict compliance
with all applicable laws.

         The Payor hereby waives (to the extent permitted by law) diligence,
presentment, demand, protest and notice of any kind whatsoever except as
expressly required herein. The nonexercise by the Holder of any of its rights
hereunder or under the Stock Pledge Agreement in any particular instance shall
not constitute a waiver thereof in that or any subsequent instance. The Holder
shall at all times have the right to proceed against any portion of the security
held herefor in such order and in such manner as the Holder may select, without
waiving any rights with respect to any other security. No delay or omission on
the part of the Holder in exercising any right hereunder or under the Stock
Pledge Agreement or other agreement shall operate as a waiver of such right or
of any other right under this Note.

         All prepayment of the principal hereof and interest hereon and the
respective dates thereof shall be endorsed by the Holder hereof on the schedule
attached here to and made a part hereof, or on a continuation thereof which
shall be attached hereto and made a part hereof; provided, however, that the
failure of the Holder hereof to make such a notation or any error in such a
notation shall not affect the obligations of the Payor under this Note.

         This Note may be assigned, pledged, hypothecated or otherwise
transferred by the Holder hereof.

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         Any notice to be given hereunder shall be in writing and shall be
deemed to have been given (i) when presented personally or (ii) three business
days after being deposited in a regularly maintained receptacle for the United
States Postal Service, postage prepaid, registered or certified, return receipt
requested addressed to the respective party at the address specified herein or
such other address as any party may from time to time designate by written
notice to the other as herein required.

         The Payor irrevocably submits to the jurisdiction of the federal and
State courts sitting in Phoenix, Arizona, for the purposes of any suit, action
or other proceeding arising out of or relating to this Note. Payor expressly
waives any objection which he may have now or hereafter to the laying of the
venue or to the jurisdiction of any such suit, action or proceedings.

         All agreements between Payor and the Holder hereof are expressly
limited so that in no contingency or event whatsoever, whether by. reason of
advancement of the proceeds of the loan evidenced hereby, acceleration of
maturity of the unpaid principal balance hereof, or otherwise, shall the
interest contracted for, charged or received by the Holder exceed the maximum
amount permissible under applicable law. If, from any circumstance whatsoever,
interest would otherwise be payable to the Holder hereof in excess of the
maximum lawful amount, then ipso facto, the interest payable to the Holder shall
be reduced to the maximum amount permitted under applicable law, and the amount
of interest for any subsequent period, to the extent less than that permitted by
applicable law, shall to that extent be increased by the amount of such
reduction. If from any circumstance the Holder hereof shall ever receive
anything of value deemed interest by applicable law in excess of the maximum
lawful amount, an amount equal to any excessive interest shall be applied to the
reduction of the unpaid principal balance due hereunder and not to the payment
of interest, or if such excessive interest exceeds the unpaid principal balance
due hereunder, such excess shall be refunded to Payor. All interest paid or
agreed to be paid to the Holder hereof shall, to the extent permitted by
applicable law, be amortized, prorated, allocated or spread throughout the full
period until payment in full of the principal balance due hereunder (including
the period of any renewal or extension) so that interest thereon for such period
shall not exceed the maximum amount permitted by applicable law. The provisions
of this paragraph shall control all agreements between the Payor and the Holder
hereof.

         Any provision of this Note that is declared invalid, illegal or
unenforceable in any jurisdiction shall not affect in any way the remaining
provisions hereof in such jurisdiction or render that or any other provision of
this Note invalid, illegal or unenforceable in any other jurisdiction.

         This Note shall be governed and construed, and all rights and
obligation hereunder shall be determined, in accordance with the laws of the
State of Delaware.

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         Executed and delivered by the undersigned this ____ day of _______ __,
20__, in the State of Arizona.

      Address for notices                                  Payor
      to the Payor:

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                                                                    Exhibit 4.04
                                    FORM OF
                             STOCK PLEDGE AGREEMENT

         This Stock Pledge Agreement (the "Agreement") is entered into as of
__________,20__ by and between ______________ ("Pledgor") and CSK AUTO
CORPORATION, a Delaware corporation ("Secured Party").

                               W I T N E S S E T H

         WHEREAS, the Secured Party has agreed to make a loan to Pledgor
pursuant to the terms of the CSK Auto Corporation 2000 Senior Executive Stock
Loan Plan (the "Plan") in the aggregate amount of $_________ and, as evidence
thereof, Pledgor has executed and delivered to Secured Party a Promissory Note
dated as of even date herewith (the "Note");

         WHEREAS, Pledgor will utilize the funds lent to Pledgor to purchase
_____ shares (the "Pledged Shares") of the common stock, par value $0.01 per
share, of Secured Party; and

         WHEREAS, as a condition to the making of the loan evidenced by the
Note, the parties contemplate that the Pledged Shares will be pledged and
delivered by the Pledgor to the Secured Party, with duly endorsed instruments of
transfer, as security for such loan.

         NOW, THEREFORE, in consideration of the mutual covenants, conditions
and provisions contained herein and in the Note and for other good and valuable
consideration, the parties hereto agree as follows:

         Section 1. Definitions. Capitalized terms used herein without
definition, which are defined in or by reference in the Note, shall have the
respective meanings specified therein.

         Section 2. Pledge. Pledgor hereby conveys, pledges, assigns and
transfers to Secured Party, and hereby grants to the Secured Party, a valid,
first priority security interest (the "Security Interest") in Pledgor's right,
title, interest in and to the following (the "Pledged Collateral"):

         (a) the Pledged Shares and the certificates representing the Pledged
Shares, all dividends, cash, securities, instruments and other property from
time to time paid, payable or otherwise distributed in respect of or in exchange
for all or any part of the Pledged Shares and all proceeds thereof; and

         (b) all securities issued by Secured Party, or any successor thereto,
from time to time acquired by Pledgor in substitution for or with respect to any
of the securities described in Section 2(a) above, including without limitation
all stock of Secured Party, all securities convertible into or exchangeable for
such stock and all options, warrants and other rights to purchase such stock,
all certificates and instruments representing such securities, together with the
interest coupons (if any) attached thereto, and all dividends, cash, securities,
instruments and other property from time to time paid, payable or otherwise
distributed in respect of or in exchange for any or all of such securities and
all proceeds thereof.

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         Section 3. Secured Obligations. The Security Interest shall secure for
the benefit of the Secured Party the following (collectively, the "Secured
Obligations"):

         (a) payment and performance of each and every obligation, covenant and
agreement of the Pledgor now or hereafter existing contained herein or in the
Note, whether for principal, interest, fees, expenses or otherwise, and any
amendments or supplements thereto, extensions or renewals thereof or
replacements therefor; and

         (b) payment of all sums advanced upon an Event of Default or in
accordance herewith by Secured Party to protect the Pledged Collateral, with
interest thereon at the rate equal to the highest interest rate under the Note
as in effect from time to time;

in each case whether direct or indirect, joint or several, absolute or
contingent, liquidated or unliquidated, now or hereafter existing, renewed or
restructured, whether or not from time to time decreased or extinguished (except
as provided in Section 17 hereof) and later increased, created or incurred, and
including all indebtedness, obligations and liabilities of the Pledgor under any
instrument now or hereafter evidencing or securing any of the foregoing.

         Section 4. Delivery of Collateral; Issuance of Additional Shares.

         (a) All certificates or instruments representing or evidencing the
Pledged Shares shall be delivered to the Secured Party on the date hereof (or if
such certificates or instruments are not in the possession of the Pledgor,
immediately upon the acquisition thereof by Pledgor, but in no event later than
fifteen (15) days after the date hereof), and shall be held by the Secured Party
pursuant hereto at all times hereafter, and all certificates and instruments
representing or evidencing securities acquired by the Pledgor after the date
hereof and constituting Pledged Collateral hereunder shall be delivered to the
Secured Party immediately upon, and held by the Secured Party at all times
after, acquisition thereof by Pledgor (but in no event later than ten (10) days
after the date of such acquisition). All such certificates or instruments shall
be in suitable form for transfer by delivery, or shall be accompanied by duly
executed instruments of transfer or assignment in blank, all in form and
substance satisfactory to the Secured Party.

         (b) Upon the occurrence and during the continuance of an Event of
Default hereunder, the Secured Party shall have the right, at any time in its
discretion, to transfer to or to register on the books of Secured Party in the
name of the Secured Party or any of its nominees any or all of the Pledged
Collateral (with, in the discretion of the Secured Party, such transfer or
registration expressly empowering the Secured Party to vote shares of stock
included in the Pledged Collateral), subject only to the revocable rights
specified in Section 7(a). In addition, the Secured Party shall have the right
at any time to exchange certificates or instruments representing or evidencing
Pledged Collateral for certificates or instruments of smaller or larger
denominations.

         Section 5.        Representations and Warranties; Certain Covenants.

         (a) Pledgor hereby represents and warrants that Pledgor is the legal
and equitable owner of the Pledged Collateral free and clear of all liens,
charges, encumbrances and security interests of every kind and nature, other
than Permitted Encumbrances (as defined below) and
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hereby agrees to be bound by the terms of the Plan as if such Plan were made a
part of this Agreement.

         (b)      Pledgor covenants that:

                  (i) except for the Security Interest granted hereby and the
         security interests permitted under or otherwise contemplated hereby
         ("Permitted Encumbrances"), Pledgor will not create, assume, incur or
         permit to exist or to be created, assumed or incurred, directly, or
         indirectly, any lien of any kind on, or any repurchase agreement with
         respect to, the Pledged Collateral, and will defend the Pledged
         Collateral against, and take such action as is necessary to remove, any
         such lien, and will defend the Security Interest against the claims and
         demands of all persons; and

                  (ii) Pledgor shall advise the Secured Party promptly, in
         reasonable detail, of any lien or claim made or asserted against any of
         the Pledged Collateral; and of the occurrence of any other event which
         would have a material adverse effect on the enforceability of the
         Security Interest created hereunder.

         Section 6. Further Assurances. Pledgor agrees that at any time and from
time to time, at the expense of Pledgor, Pledgor will promptly execute and
deliver all further instruments and documents, and take all further action that
the Secured Party may reasonably request, in order to perfect and protect the
Security Interest granted or intended to be granted hereby or to enable the
Secured Party to exercise and enforce its rights and remedies hereunder with
respect to any Pledged Collateral.

         Section 7.        Voting Rights; Dividends; Etc.

         (a) So long as no Event of Default hereunder shall have occurred and be
continuing:

                  (i) Pledgor shall be entitled to exercise any and all voting
         and other consensual rights (if any) pertaining to the Pledged
         Collateral or any part thereof for any purpose not prohibited by the
         terms of this Agreement; and

                  (ii) except as otherwise provided in Sections 4(b) and 7(c)
         hereof or Section 6.2 of the Plan, Pledgor shall be entitled to receive
         and retain any dividends, cash and other property from time to time
         paid, payable or otherwise distributed in respect of the Pledged
         Collateral.

         (b) Pledgor hereby irrevocably appoints the Secured Party as Pledgor's
proxyholder with respect to the Pledged Shares and any other voting securities
forming a part of the Pledged Collateral with full power and authority to vote
such Pledged Shares and other voting securities and to otherwise act with
respect to such Pledged Shares or other voting securities on behalf of such
Pledgor, provided that this proxy shall only be operative upon the occurrence of
an Event of Default and so long as such Event of Default continues. Such proxy
shall be irrevocable for so long as any of the Secured Obligations remain in
existence. Pledgor shall execute and deliver (or cause to be executed and
delivered) to the Secured Party all proxies and other instruments as the Secured
Party may reasonably request for the purpose of enabling the Secured Party to
exercise the voting and other rights which it is entitled to exercise pursuant
to this Section 7(b); and

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         (c) Upon the occurrence and during the continuance of an Event of
Default hereunder, all rights of the Pledgor to receive and retain dividends,
cash and other property, which they would otherwise be authorized to receive and
retain pursuant to Section 7(a)(ii), shall cease and all such rights shall
thereupon be vested in the Secured Party, who shall thereupon have the sole
right to receive and hold as Pledged Collateral such dividends, cash and other
property. All cash and other property received by Pledgor contrary to the
provisions of this Section 7(c) shall be received in trust for the benefit of
the Secured Party, shall be segregated from other property or funds of Pledgor
and shall be forthwith delivered to the Secured Party as Pledged Collateral in
the same form as so received (with any necessary transfer documents or
endorsements).

         Section 8. Restrictions on Transfer; Dispositions and Release of
Collateral.

         (a) Pledgor covenants that Pledgor shall not enter into or perform any
agreement to sell, lease, transfer or otherwise dispose of all or any part of
the Pledged Collateral unless the Security Interest in such Pledged Collateral
shall have been released prior to the time such agreement is entered into.

         (b) Notwithstanding Section 8(a) above, except as required by this
Pledge Agreement, the Pledgor shall not sell, assign, pledge, hypothecate or
transfer in any way (other than by the Pledgor's will or the laws of descent and
distribution) the Pledged Collateral prior to the first anniversary of
the date that the Pledged Shares were acquired by the Pledgor.

         Section 9. Reasonable Care. The Secured Party shall be deemed to have
exercised reasonable care in the custody and preservation of the Pledged
Collateral in its possession if the Pledged Collateral is accorded treatment
substantially equal to that which the Secured Party accords its own property, it
being understood that the Secured Party shall have no responsibility for (a)
ascertaining or taking action with respect to calls, conversions, exchanges,
maturities, tenders or other matters relative to any Pledged Collateral, whether
or not the Secured Party has or is deemed to have knowledge of such matters,
unless reasonably requested in writing to do so by Pledgor, or (b) taking any
necessary steps (other than steps taken in accordance with the standard of care
set forth above to maintain possession of the Pledged Collateral) to preserve
rights against any parties with respect to any Pledged Collateral.

         Section 10. Secured Party Appointed Attorney-in-Fact. Pledgor hereby
irrevocably appoints the Secured Party Pledgor's attorney-in-fact, with full
authority in the place and stead of Pledgor and in Pledgor's name or otherwise,
if Secured Party elects, upon an Event of Default, to take any action and to
execute any instrument which the Secured Party may deem reasonably necessary or
advisable to accomplish the purposes of this Agreement, including, without
limitation, to receive, endorse and collect all instruments made payable to
Pledgor representing any dividend, interest payment or other distribution in
respect of the Pledged Collateral or any part thereof and to give full discharge
for the same, when and to the extent permitted by this Agreement.

         Section 11. Secured Party May Perform. Upon the occurrence and during
the continuance of an Event of Default hereunder (including an Event of Default
resulting from a failure to perform any agreement

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contained herein), if Pledgor fails to perform any agreement contained herein,
the Secured Party may itself perform, or cause performance of, such agreement,
and the expenses of the Secured Party incurred in connection therewith shall be
payable by Pledgor.

         Section 12.       Events of Default; Remedies.

         (a) The occurrence of any of the following events shall constitute an
event of default ("Event of Default") hereunder:

                  (i) Any Event of Default (as defined in the Note) shall have
         occurred, which Event of Default shall not be waived or, if capable of
         being cured, shall not be cured within the respective periods provided
         in such Note;

                  (ii) Pledgor fails, breaches or defaults in the payment or
         performance of any of the obligations, covenants or conditions
         contained in this Agreement or specified in the Plan; or

                  (iii) Any statement, representation or warranty made or
         furnished by Pledgor in connection with this Agreement or any other
         writing delivered to the Secured Party in connection with this
         Agreement and the transactions contemplated herein is false, misleading
         or erroneous in any material respect when made.

         (b) Upon or after the occurrence of an Event of Default:

                  (i) The Secured Party may exercise (in compliance with all
         applicable securities laws) in respect of the Pledged Collateral, in
         addition to other rights, powers and remedies provided for herein or
         otherwise available to it, all the rights, powers and remedies of a
         secured party after default under the Uniform Commercial Code in force
         and effect in each state in which such rights, powers and remedies are
         asserted, all of which rights, powers and remedies shall be cumulative
         and not exclusive, to the extent permitted by applicable law.

                  (ii) The Secured Party may also, without notice except as
         specified below, sell the Pledged Collateral or any part thereof in one
         or more parcels at public or private sale, at any exchange, over the
         counter or at any of the Secured Party's offices or elsewhere, for
         cash, on credit or for future delivery, and at such price or prices and
         upon such other terms as may be commercially reasonable or otherwise in
         such manner as necessary to comply with applicable federal and state
         securities laws. Pledgor agrees that the Secured Party shall not be
         required to register or qualify any of the Pledged Collateral under
         applicable state or federal securities laws in connection with any such
         sale if the sale is effected in a manner that complies with all
         applicable federal and state securities laws. The Secured Party shall
         be authorized at any such sale (if it deems it advisable to do so) to
         restrict the prospective bidders or purchasers to persons who will
         represent and agree that they are purchasing the Pledged Collateral for
         their own account, for investment and not with a view to the
         distribution thereof. Upon consummation of any such sale the Secured
         Party shall have the right to assign, transfer and deliver to the
         purchaser or purchasers at any such sale, and such purchasers shall
         hold, the property sold absolutely free from any claim or right on the
         part of the Pledgor, and Pledgor hereby waives (to the

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         extent permitted by law) all rights of redemption, stay or appraisal
         which he now has or may at any time in the future have under applicable
         law now existing or hereafter enacted.

                  (iii) The Secured Party shall give the Pledgor at least ten
         (10) days' (or such longer period as shall be specified by applicable
         law) notice of the time and place of any public sale or the time after
         which any private sale is to be made, which Pledgor agrees shall
         constitute commercially reasonable notification. At any such public
         sale and (to the extent permitted by law) at any such private sale, the
         Secured Party may bid, in whole or in part, in the form of cancellation
         of Secured Obligations, and the Secured Party may purchase the whole or
         any part of the Pledged Collateral. The Secured Party shall not be
         obligated to make any sale of Pledged Collateral regardless of notice
         of sale having been given. The Secured Party may adjourn any public or
         private sale from time to time by announcement at the time and place
         fixed therefor, and such sale may, without further notice, be made at
         the time and place to which it was so adjourned.

                  (iv) If a sale of all or any part of the Pledged Collateral is
         made on credit or for future delivery, the Pledged Collateral so sold
         may be retained by the Secured Party until the sale price is paid by
         the purchaser or purchasers thereof, but the Secured Party shall not
         incur any liability in case any such purchaser or purchasers shall fail
         to take up and pay for the Pledged Collateral so sold and, in case of
         any such failure, such Pledged Collateral may be sold again upon like
         notice. Pledgor agrees to the maximum extent permitted by applicable
         law that any sale of the Pledged Collateral conducted by the Secured
         Party in accordance with the foregoing provisions of this Section shall
         be deemed to be a commercially reasonable sale under applicable law.

                  (v) As an alternative to exercising the power of sale herein
         conferred upon it, the Secured Party may proceed by a suit or suits at
         law or in equity to foreclose the Security Interest and to sell the
         Pledged Collateral, or any portion thereof, pursuant to a judgment or
         decree of a court or courts of competent jurisdiction.

                  (vi) Any cash held by the Secured Party as Pledged Collateral
         and all cash proceeds received by the Secured Party in respect of any
         sale of, collection from, or other realization upon all or any part of
         the Pledged Collateral shall be applied as follows: (a) first, to the
         payment to the Secured Party of the costs and expenses of retaking,
         holding and preparing for sale of the Pledged Collateral and any other
         fees, expenses, claims, demands, losses, judgments, damages and
         liabilities payable to the Secured Party pursuant to any provision
         hereof; and (b) second, in accordance with the provisions of the Note.

                  (vii) Any surplus of such cash or cash proceeds held by the
         Secured Party and remaining after payment in full of all the Secured
         Obligations shall be reassigned and redelivered as provided in Section
         17 hereof.

         Section 13. Security Interest Absolute. All rights of the Secured Party
hereunder, the Security Interest, and all obligations of the Pledgor hereunder,
shall be absolute and unconditional irrespective of:

                                       6
<PAGE>   7

         (a) any lack of validity or enforceability of the Note, any agreement
with respect to any of the Secured Obligations, or any other agreement or
instrument relating to any of the foregoing;

         (b) any change in the time, manner or place of payment of, or in any
other term of, all or any of the Secured Obligations, or any other amendment or
waiver of or any consent to and departure from the Note or any other agreement
or instrument;

         (c) any exchange, release or non-perfection of any other collateral, or
any release of, amendment to, waiver of, consent to or departure from any
guaranty, for all or any of the Secured Obligations; and

         (d) any other circumstance which might otherwise constitute a defense
available to, or a discharge of, Pledgor in respect of the Secured Obligations
or in respect of this Agreement.

         Section 14. Notices. All notices, demands, requests, and other
communications required or permitted hereunder shall be in writing and shall be
deemed to have been given (i) when presented personally or (ii) three (3)
business days after being deposited in a regularly maintained receptacle for the
United States Postal Service, postage prepaid, registered or certified, return
receipt requested, addressed to the respective party, as the case may be, at the
following address, or such other address as any party may from time to time
designate by written notice to the others as herein required.

         If to Secured Party:       CSK Auto Corporation
                                    645 E. Missouri Avenue
                                    Phoenix, Arizona  85012
                                   Telecopy:  ________________________

         If to Pledgor:             ________________________

                                    ________________________

                                    ________________________

                                   Telecopy:  ________________________

         Section 15. Amendments and Waivers. This Agreement may only be amended
by a document signed by Secured Party and the Pledgor. No waiver of any
provision of this Agreement nor consent by Secured Party to any departure by
Pledgor therefrom shall in any event be effective unless the same shall be in
writing and signed by Secured Party. Any such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which
given. No failure on the part of Secured Party to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof (except as
provided above) nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right.

         Section 16. Election of Remedies. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. Secured Party
shall have all of the rights and remedies granted herein and available at law or
in equity, and these same rights and remedies may be pursued separately,
successively or concurrently against Pledgor, at the sole discretion of Secured
Party.

                                       7
<PAGE>   8

         Section 17. Release of Pledged Collateral and Termination. Unless an
Event of Default shall have occurred and be continuing, the Pledged Collateral
shall be released from the pledge of this Agreement, and the Secured Party shall
reassign and redeliver (or cause to be reassigned and redelivered) to Pledgor,
or, subject to compliance with applicable law, to each person or persons as
Pledgor shall designate or to whoever may be lawfully entitled to receive such
surplus, against receipt, certificates representing the Pledged Shares (if any)
or such Pledged Collateral other than Pledged Shares (if any) as shall not have
been sold or otherwise applied by the Secured Party pursuant to the terms hereof
and shall still be held by it hereunder, together with appropriate instruments
of reassignment and release as follows:

         (a) promptly after payment of any partial prepayment in respect of the
Note pursuant to Section 6.2(c) of the Plan, that number of Pledged Shares
released pursuant to Section 6.2(c) of the Plan, and

         (b) upon payment in full of the principal of and interest on the Note
and any other amount due hereunder, the Secured Party shall transfer or reassign
and redeliver all remaining Pledged Collateral to Pledgor.

Any transfer, redelivery or reassignment provided for above shall be without
recourse upon or warranty by the Secured Party (other than a warranty that the
Secured Party has not assigned its rights and interests hereunder to any other
person) and at the expense of Pledgor.

         Section 18. Continuing Security Interest; Assignments. This Agreement
shall create a continuing security interest in the Pledged Collateral and shall
(a) remain in full force and effect until termination as provided in Section 17,
(b) be binding upon the Pledgor, the Secured Party and their respective
successors and assigns, and (c) inure, together with the rights, powers and
remedies of the Pledgor and the Secured Party hereunder, to the benefit of the
Pledgor and the Secured Party and their respective successors, transferees and
assigns, as the case may be. Notwithstanding the foregoing clause (b), Pledgor
shall not be permitted to assign this Agreement or any interest herein.

         Section 19.       Applicable Law and Jurisdiction.

         (a) The parties hereto expressly acknowledge and agree that this
Agreement shall be governed by and construed in accordance with the laws of the
State of Delaware. Pledgor hereby expressly and irrevocably agrees and consents
that any suit, action or proceeding arising out of or relating to this Agreement
and the transactions contemplated herein may be instituted by Secured Party in
any State or Federal court sitting in Phoenix, Arizona and, by the execution and
delivery of this Agreement, Pledgor expressly waives any objection which he may
have now or hereafter to the laying of the venue or to the jurisdiction of any
such suit, action or proceeding, and irrevocably submits generally and
unconditionally to the jurisdiction of any such court in any such suit, action
or proceeding.

         (b) Nothing contained in subsection (a) hereof shall preclude Secured
Party from bringing any suit, action or proceeding arising out of or relating to
this Agreement or the Note in the courts of any place where Pledgor or any of
Pledgor's property or assets may be found or located. To the extent permitted by
the applicable laws of any such jurisdiction, Pledgor hereby

                                       8
<PAGE>   9
irrevocably submits to the jurisdiction of any such court and expressly waives,
in respect of any such suit, action or proceeding, the jurisdiction of any court
or courts which now or hereafter, by reason of his present, or future domicile,
or otherwise, may be available to him. PLEDGOR AND SECURED PARTY HEREBY WAIVE
THE RIGHT TO A TRIAL BY JURY.

         Section 20. Severability. Any provision of this Agreement which is
prohibited, unenforceable or not authorized in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition,
unenforceability or non-authorization, without invalidating the remaining
provisions hereof or affecting the validity, enforceability or legality of such
provision in any other jurisdiction.

         Section 21. Number and Gender. Whenever used herein, the singular
number shall include the plural and the plural the singular, and the use of any
gender shall be applicable to all genders.

         Section 22. Captions. The captions, headings, and arrangements used in
this Agreement are for convenience only and do not and shall not be deemed to
affect, limit, amplify or modify the terms and provisions hereof.

         Section 23. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all of which
shall constitute one and the same instrument.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered by their respective officers thereunto duly
authorized, as of the date first above written.

                                    "PLEDGOR"

                                    _______________________________

                                    "SECURED PARTY"

                                    CSK AUTO CORPORATION

                                    By:________________________
                                    Name: ________________________
                                    Title: ________________________

                                       9

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