Document:

EX-10.1

 Exhibit 10.1 

THIRD AMENDMENT OF LEASE 

This THIRD AMENDMENT OF LEASE (this “Amendment”) is entered into this 16th day of December, 2013, by and between GALLERIA 600,
LLC (“Landlord”) and PRGX GLOBAL, INC., a Georgia corporation formerly known as PRG-Schultz International, Inc. (“Tenant”). 

W I T N E S S E T H:

 WHEREAS, Landlord and Tenant have previously entered into that certain Galleria Atlanta Office Lease Agreement dated
February 18, 2002, as amended by First Amendment of Lease dated April 19, 2002, and as amended by Second Amendment of Lease dated December 6, 2006 (collectively, the “Lease”), with respect to space in Atlanta Galleria Office
Tower No. 600, a multistory office building located at 600 Galleria Parkway, Atlanta, Georgia 30339 (the “Building”), such space (the “Premises”) being identified as 131,653 rentable square feet of space on floors 1, 2, 3,
4, 5 and 6 of the Building; 
 WHEREAS, Landlord and Tenant desire to reduce the size of the Premises, to extend the term of the
Lease, and to make other modifications to the Lease, as hereinafter set forth. 
 NOW THEREFORE, in consideration of Ten and No/100
Dollars ($10.00) and the mutual covenants hereinafter set forth, Landlord and Tenant agree as follows: 
 1. Definitions. All
capitalized terms not otherwise defined herein shall have the respective meanings ascribed to them in the Lease. 
 2. Reduction to
Premises. Effective as of January 1, 2015 (the “Space Reduction Date”), the Lease is hereby amended by deleting the indented paragraph entitled “Premises:” set forth on page 1 of the Lease (as previously amended) in its
entirety, and by inserting in lieu thereof the following new paragraph: 
  

					
	 “Premises:
	  	Atlanta Galleria-Office Tower No. 600
		  	600 Galleria Parkway
		  	Atlanta, Cobb County, Georgia
		  	Square Feet: 57,742
		  	Suite Numbers: 100, 200, and 300
		  	Floor(s):	  	1st (8,565 square feet)
		  		  	2nd (24,540 square feet)
		  		  	3rd (24,637 square feet)”

 The portion of the Premises removed pursuant to this Amendment (i.e., that portion of the Premises which contains
approximately 73,911 square feet of rentable space and which is located on the fourth (4th), fifth (5th) and sixth (6th) floors of the Building) is hereinafter referred to as the “Removed Premises.” 

3. Extension of Lease Term. The term of the Lease is hereby extended so that the term of the Lease shall continue eighty four
(84) months from and after January 1, 2015 and shall end on December 31, 2021. The extension of the Lease to include such renewal period shall be on all of the terms set forth in the Lease, except as otherwise expressly provided in
this Amendment. In consideration 

 
of the extension provided for herein, and except as set forth in this Amendment, all rights or options set forth in the Lease to renew or extend the term of the Lease, if any, are hereby deleted
in their entirety and shall be of no further force or effect. 
 4. Rent. Effective as of January 1, 2014, the Lease is hereby
amended by deleting the second sentence (including the rent chart) of paragraph 2(a) of the Lease (as previously amended) in its entirety, and by inserting in lieu thereof the following new sentence: 

“The annual and monthly rental shall be as follows: 
  

													
	 Lease Period
	  	Rate Per Rentable
Square Foot	 	  	Annual Installment
of Rent	 	  	Monthly Installment
of Rent	 
	 01/01/14 – 12/31/14
	  	$	27.41	  	  	$	3,608,608.73	  	  	$	300,717.39	  
	 01/01/15 – 12/31/15
	  	$	22.00	  	  	$	1,270,324.00	  	  	$	105,860.33	  
	 01/01/16 – 12/31/16
	  	$	22.55	  	  	$	1,302,082.10	  	  	$	108,506.84	  
	 01/01/17 – 12/31/17
	  	$	23.11	  	  	$	1,334,417.62	  	  	$	111,201.47	  
	 01/01/18 – 12/31/18
	  	$	23.69	  	  	$	1,367,907.98	  	  	$	113,992.33	  
	 01/01/19 – 12/31/19
	  	$	24.28	  	  	$	1,401,975.76	  	  	$	116,831.31	  
	 01/01/20 – 12/31/20
	  	$	24.89	  	  	$	1,437,198.38	  	  	$	119,766.53	  
	 01/01/21 – 12/31/21
	  	$	25.51	  	  	$	1,472,998.42	  	  	$	122,749.87	  

 5. Square Footage. Effective as of the Space Reduction Date, the Lease is hereby amended by deleting
from Paragraph 2(c)(ii) of the Lease the number “131,653,” and by inserting in lieu thereof the number “57,742.” 
 6.
Floor Plan. Effective as of the Space Reduction Date, the Lease is hereby amended by deleting from Exhibit “D” to the Lease the floor plans for the 4th, 5th and 6th floors of the Building. 

7. Signage. Special Stipulation 7(a) of Exhibit “E” to the Lease is hereby deleted in is entirety. Notwithstanding the
provisions of Special Stipulation 7(b) of Exhibit “E” to the Lease or any other provisions of the Lease, (a) Landlord shall have the right to grant to up to eight (8) tenants in total, without regard to square footage
leased by such tenants, the right to place signage on the monument sign for the Building, and (b) if required to accommodate the signage for such other tenants, Tenant’s signage on such monument sign shall be reduced to a size comparable
to the average size of the signage of such other tenants (such reduction to be performed by Landlord’s signage contractor at Landlord’s expense). 

8. Parking. The Lease is amended by deleting paragraph 8 of the Special Stipulation of Exhibit “E” to the Lease in its
entirety, and by inserting in lieu thereof the following sentence: 
 “Tenant shall have access to and use of the Building’s
on-site decked parking spaces in common with other tenants of the Building on a first come, first served basis. Tenant’s parking spaces shall be unreserved and unassigned; excepting, however, that three (3) of such parking spaces
shall be marked as “reserved” for Tenant at a location designated by Landlord on the first (1st) and/or second (2nd) floor
of the parking deck. Landlord shall have no obligation to monitor or control the use of such reserved parking spaces. Nothing herein shall prohibit Tenant from designating all or any portion of such parking spaces for use by its subtenant,
pursuant to an approved sublease agreement.” 

  
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 9. Vacating Removed Premises. As of the Space Reduction Date, the Removed Premises shall
no longer be part of the Premises, and all duties, obligations, rights and benefits of Landlord and Tenant as to the Removed Premises will terminate; excepting, however, for any duties or obligations of Tenant arising prior to the Space Reduction
Date or which expressly survive the termination or expiration of the Lease, which duties and obligations shall continue until fulfilled. Tenant shall vacate the Removed Premises on or before the Space Reduction Date and shall deliver same to
Landlord in accordance with Paragraph 23(b) of the Lease. Notwithstanding the foregoing, however, Tenant may remain in occupancy of the 4th floor of the Premises (or, if Landlord leases such space
to a third party, alternative space in the Building designated by Landlord) until the earlier of March 31, 2015, or Tenant’s completion of alterations to the 1st floor portion of the
Premises, and in such event, all provisions of the Lease other than the obligation to pay rent or additional rent shall apply to such 4th floor portion of the Premises (or alternative space, if
applicable) until Tenant vacates same. 
 10. Base Year. Prior to the Space Reduction Date, Landlord and Tenant acknowledge that the
Base Year for Direct Operating Expenses in the Lease shall continue to be calendar year 2003. Commencing as of the Space Reduction Date, Landlord and Tenant acknowledge that the Base Year for Direct Operating Expenses in the Lease shall be calendar
year 2015. Notwithstanding any provision in the Lease to the contrary, for purposes of calculating the Operating Expenses for any given calendar year, the amount, if any, by which Controllable Expenses (as defined in the Lease) exceed by more than
five percent (5%) the amount of Controllable Expenses in the immediately preceding calendar year (on a cumulative, annualized basis) shall not be included in Operating Expenses for such calendar year. 

11. Improvements. Landlord shall perform certain work (the “Tenant Improvements”) to the Premises in accordance with the Work
Letter Agreement set forth in Exhibit “A” attached hereto and made a part hereof (the “Work Letter Agreement”). The taking of possession by Tenant shall be deemed conclusively to establish that the Premises are in a good
and satisfactory condition as of when possession is so taken. 
 12. Renewal Option. Provided Tenant is not in default and as long as
Tenant is still in occupancy of the Premises, Tenant shall have one (1) option to renew this Lease of the entire Premises for an additional five (5) year term provided Tenant gives one hundred eighty (180) days’ prior written
notice to Landlord of Tenant’s intent to renew. The rental rate for the renewal term shall be at the then current Building market rate. As used herein, “Building market rate” shall have the meaning provided in the Special Stipulation
3 of Exhibit “E” to the Lease, and to the extent that there shall be any disagreement between Landlord and Tenant of the Building market rate, such disagreement shall be resolved in the manner described in Special Stipulation 3 of
Exhibit “E” to the Lease. All other rights or options to renew set forth in the Lease, if any, are hereby deleted in their entirety and shall be of no further force or effect. 

13. Right of First Refusal. Provided Tenant is not in default under the Lease beyond the expiration of any applicable notice and/or
cure periods and at least thirty six (36) months remain in the term of the Lease, Tenant shall have an ongoing right of first refusal on space on the fourth (4th) floor of the Building
as such space becomes available (the “Expansion Space”). The right of first refusal set forth in this Paragraph 13 shall be subject and subordinate to the existing rights of any existing tenants in the Building and to any existing renewals
by existing tenants in any of such space. Upon receipt of written notice from Landlord that a third party has made a bona fide offer to lease any of the aforementioned Expansion Space, Tenant shall respond to Landlord within seven (7) business
days whether it intends to lease such space. If Tenant indicates that it will not lease such space offered, or otherwise fails to notify 

  
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Landlord within such seven (7) business day period that Tenant will lease such space in accordance herewith, then Landlord may proceed to lease it to another party and Tenant shall have
waived its right to lease such space at such time. If Tenant indicates that it will lease such space offered, then Tenant and Landlord shall execute an amendment to the Lease for such space within ten (10) days of Tenant notifying Landlord of
its intention to lease such space. The lease of such Expansion Space by Tenant shall be on the terms set forth in such bona fide offer; provided, however, that if the term of the lease under such bona fide offer would commence on or before
January 1, 2017, then such Expansion Space shall be leased at the rent (including escalations) and term then existing for the remaining Premises, and the amounts spent by Landlord for the tenant improvements provided for in the Work Letter
Agreement (as reasonably established by Landlord) and other concessions contained in this Amendment with respect to the remaining Premises for the extension of the Lease term provided for herein shall be equitably and appropriately prorated, based
upon such reduction in the term for such Expansion Space as compared to the eighty four (84) month extension of the Lease term provided for herein. For example, if Landlord spent $6.00 per rentable square foot for the tenant improvements
provided for in the Work Letter Agreement, and if the term of the lease of the Expansion Space is 63 months, then the amount Landlord shall be required to contribute for tenant improvements for such Expansion Space shall be $6.00 per rentable square
foot times 63/84, or $4.50 per rentable square foot of the Expansion Space. All other rights of first refusal, rights of first offer, or similar rights set forth in the Lease, including, but not limited to, the provisions of Special Stipulation 4 of
Exhibit “E” of the Lease, are hereby deleted in their entirety and shall be of no further force or effect. 
 14.
Brokers. Tenant represents that Tenant has not engaged or worked with any real estate brokers or agents other than Childress Klein Properties, Inc. and Cushman & Wakefield Georgia Inc. (local broker for Swearingen Realty Group LLC)
(collectively, “Broker”) in connection with this Amendment. Tenant shall indemnify and hold harmless Landlord and Landlord’s agents from and against any and all claims for commissions or other compensation, and any liabilities,
damages and costs relating thereto, that may be asserted by any person or entity other than Broker to the extent that Tenant has engaged such person or such claim results from any action of Tenant. Landlord represents that Landlord has not engaged
or worked with any real estate brokers or agents other than Broker in connection with this Amendment. Landlord shall indemnify and hold harmless Tenant and Tenant’s agents from and against any and all claims for commissions or other
compensation, and any liabilities, damages and costs relating thereto that may be asserted by any person or entity other than Broker to the extent that Landlord has engaged such person or such claim results from any action of Landlord. Landlord and
Tenant agree that no commissions, fees or other compensation of any kind are due and payable to Broker in connection herewith. 
 15.
Ratification. The Lease, as amended by this Amendment, is hereby ratified and confirmed, and each and every provision, covenant, condition, obligation, right and power contained in and under, or existing in connection with the Lease, as
amended by this Amendment, shall continue in full force and effect. This Amendment is not intended to, and shall not be construed to, effect a novation, and, except as expressly provided in this Amendment, the Lease has not been modified, amended,
canceled, terminated, surrendered, superseded or otherwise rendered of no force and effect. The Lease, as amended by this Amendment, is enforceable against the parties hereto in accordance with its terms. 

16. Successors and Assigns. This Amendment shall bind and inure to the benefit of the parties hereto and their respective legal
representatives, successors and assigns. 

  
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 17. Counterparts. This Amendment may be executed in a number of identical counterparts,
each of which for all purposes shall be deemed to be an original, and the Lease, as amended by this Amendment, shall collectively constitute but one agreement, fully binding upon, and enforceable against the parties hereto. The Lease and this
Amendment shall be construed together as a single instrument. 

  
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 IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals the day and
year first above written. 
  

					
	LANDLORD: Galleria 600, LLC
		
	By:	 	OTR, an Ohio general partnership, its manager
			
		 	By:	 	 /s/ Matthew J. Vulanich

		 	Name:	 	Matthew J. Vulanich
		 	Title:	 	Authorized Agent

 
			
	
	TENANT: PRGX GLOBAL, INC., a Georgia
corporation formerly known as PRG-Schultz
International, Inc.
		
	By:	 	 /s/ Robert Lee

	Name:	 	Robert Lee
	Title:	 	CFO
		
	Attest:	 	 /s/ Chris Hess

	Name:	 	Chris Hess
	Title:	 	Director FP&A
		
		 	(CORPORATE SEAL)

  
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 EXHIBIT A 

WORK LETTER AGREEMENT (TURNKEY) 
  

	1.	MATERIALS FURNISHED BY LANDLORD 

 Landlord shall, using Building Standard carpet, replace the
carpet on the first (1st) floor of the Premises. Additionally, Landlord shall, using similar grade carpet tile to the carpet tile currently in the second (2nd) and third (3rd) floors of the Premises, replace the carpet tile in the second
(2nd) and third (3rd) floors of the Premises. At Tenant’s election, such work shall be completed in 2014 or 2015. 

In addition to the foregoing, Landlord shall cause the Premises to be improved in a manner consistent with the preliminary plan, description
of work, and qualifications and exclusions attached hereto as Schedule A-1 and incorporated herein. Tenant acknowledges that it has approved the preliminary items set forth in Schedule A-1. Unless otherwise specified in Schedule
A-1 hereto, all such improvements shall be made using Building standard materials and finishes. 
  

	2.	IMPROVEMENT COSTS TO BE PAID BY LANDLORD 

 Except as hereinafter provided, Landlord shall pay
the cost of all improvements to be provided by Landlord in accordance with Paragraph 1 above, including the design costs for the preliminary plan attached hereto as Schedule A-1 and for the final plans and specifications consistent with such
preliminary plan. Landlord’s agreement to make the improvements provided for in Paragraph 1 above shall be in lieu of the payment by Landlord to Tenant of any tenant improvement or similar allowance, and Landlord shall have no obligation to pay
to Tenant any such allowance. Landlord shall be entitled to retain all savings, if any, in the cost of making the improvements provided for in Paragraph 1 above, and in no event shall Tenant be entitled to any of such savings. 

 

	3.	IMPROVEMENT COSTS TO BE PAID BY TENANT 

 Should Tenant request any improvements or alternates
other than those to be provided by Landlord in accordance with Paragraph 1 above, the costs for such additional improvements or alternates, including but not limited to all related design costs, shall be paid by Tenant, one half (1/2) upon
commencement of the construction and one half (1/2) upon completion of the construction. Should Tenant request any modifications to work which has already been completed under this work letter agreement, Tenant shall pay the costs of all such
modifications, including but not limited to all related design costs, one half (1/2) upon commencement of the modifications and one half (1/2) upon completion of the modifications. 

 

	4.	APPROVAL OF FINAL PLANS AND COST 

 (a) Landlord and Tenant shall diligently pursue the
preparation of the final plans and specifications for the improvements to be constructed by Landlord. All such plans and specifications including finishes shall have the approval of both Landlord and Tenant, which approval shall not be unreasonably
withheld by either party; in addition, all plans and specifications shall have the approval of all governmental agencies and authorities, including but not limited to, the state and county fire marshal. Plans and specifications and a cost estimate
for the portion of the work covered thereby to be borne by Tenant, if any, shall be approved by Landlord and Tenant no later than ninety (90) days prior to commencement of such work, in accordance with the procedure set forth in the following
Paragraph 4(b). 

  
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 (b) As soon as practicable after execution of this Amendment, Tenant shall provide Landlord with
such additional information as is necessary to enable Landlord to prepare the final plans and specifications for the improvements to be constructed by Landlord in accordance with Paragraph 1. Thereafter, if per the provisions of Paragraph 3 above,
Tenant shall bear any of the costs of the improvements, a cost estimate for the improvements to be paid for by Tenant shall be prepared by Landlord and submitted to Tenant for preliminary approval. When the final plans and specifications are
approved by Landlord and Tenant, Landlord shall obtain a quotation, and shall submit the same to Tenant for approval as the price to be paid by Tenant to Landlord for said improvements. Upon written approval of such price by Tenant, Landlord and
Tenant shall be deemed to have given final approval to the final plans and specifications on the basis of which the quotation was made and Landlord shall be authorized to proceed with the improvements of the Premises in accordance with such plans
and specifications. If Tenant disapproves such price, or fails to approve or disapprove such price within five (5) days after submission thereof by Landlord, Landlord shall not be obligated to proceed with any improvement of the Premises until
such time as Landlord and Tenant approve a price for Tenant’s work. 
 (c) Any failure by Tenant to approve or disapprove any plans and
specifications, cost estimates, or final pricing for any improvements to be constructed in accordance with this work letter agreement, within five (5) days after receipt thereof, shall be deemed a delay by Tenant. 

  
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 SCHEDULE A-1 

PRELIMINARY PLAN, DESCRIPTION OF WORK, 

AND QUALIFICATIONS AND EXCLUSIONS 

Remove and Replace Carpet in Tenant’s premises on 1st,
2nd and 3rd Floor of Galleria 600 using the following materials and equipment. 

 

			
	Carpet & Carpet Tile	 	5,800 sy
	Demo Existing CPT	 	5,800 sy
	Cove Base – Std 4	 	7,200 lf
	Packing Crates	 	
	Move Furniture	 	

  
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 Exhibit 4.1 

AUTOZONE, INC. 
 $400,000,000
1.300% Senior Notes due 2017 
 OFFICERS’ CERTIFICATE 

PURSUANT TO SECTION 3.2 OF THE INDENTURE 

A. Pursuant to resolutions of the Board of Directors of AutoZone, Inc., a Nevada corporation (the “Company”), adopted at duly noticed
and held meetings of the Board of Directors on October 1, 2013 and December 17, 2013 (the “Resolutions”), the undersigned, Brian L. Campbell, Vice President and Treasurer of the Company, and William T. Giles, Executive
Vice President and Chief Financial Officer of the Company certify that pursuant to the Resolutions and Section 3.2 of the Indenture, dated as of August 8, 2003 (the “Indenture”), between the Company and The Bank of New York
Mellon Trust Company, N.A., as successor in interest to Bank One Trust Company, N.A., as trustee (the “Trustee”), there is hereby established a series of Securities (as that term is defined in the Indenture), the terms and form of which
shall be as follows (capitalized terms not defined herein shall have the meanings assigned to them in the Indenture): 
 (a)
The title of the series of the Securities shall be “1.300% Senior Notes due 2017” (the “Notes”). 
 (b)
The Notes shall be issued at a price of 99.980% of the principal amount thereof. 
 (c) The aggregate principal amount of the Notes that may
be authenticated and delivered under the Indenture (except for Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.7, 3.8, 3.11, 4.7 or 10.6 of the Indenture)
initially shall be $400,000,000. The Company may, without the consent of the Holders of the Notes, create and issue additional Notes ranking equally and ratably with the Notes and otherwise identical to the Notes in all respects, except for the
payment of interest accruing prior to the issue date of such additional Notes and, in some cases, the first payment of interest following the issue date of such additional Notes and the initial interest accrual date thereof, so that such further
Notes shall form a single series with the Notes. 
 (d) The principal amount of the Notes shall be payable in full on January 13, 2017,
subject to and in accordance with the provisions of the Indenture. 
 (e) The Notes shall bear interest at the rate of 1.300% per annum
from January 14, 2014, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually on January 13 and July 13 of each year (each an “Interest Payment Date”),
commencing on July 13, 2014 until the principal amount of the Notes has been paid or duly provided for. The January 1 and July 1 (whether or not a Business Day), as the case may be, next preceding an Interest Payment Date, shall be a
“Regular Record Date” for the interest payable on such Interest Payment Date. 
 (f) The principal of and interest on the Notes
shall be payable at the Corporate Trust Office of the Trustee in New York, New York. 
 (g) The Notes will be redeemable at the option of the
Company, at any time in whole or from time to time in part. The redemption price will equal accrued and unpaid interest on the principal amount being redeemed to the redemption date plus the greater of (i) 100% of the principal amount of such
Notes to be redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (not including any portion of such payments of interest accrued to the

 
date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 10 basis points, as
determined in good faith by the Company. 
 Notice of any redemption will be mailed at least 30 days but not more than 60 days before the
redemption date to each holder of the Notes to be redeemed. Notwithstanding anything to the contrary in Section 4.4 of the Indenture, notice of any redemption of Notes need not set forth the redemption price but only the manner of calculation
thereof. The Company shall give the Trustee notice of the amount of the redemption price for any such redemption promptly after the calculation thereof and the Trustee shall have no responsibility for such calculation. Unless the Company defaults in
payment of the redemption price, on and after the date of redemption, interest will cease to accrue on the Notes or portions of the Notes called for redemption. 

“Adjusted Treasury Rate” means, with respect to any date of redemption, the rate per year equal to the semiannual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that date of redemption. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a
maturity comparable to the remaining term of the Notes to be redeemed that would be used, at the time of selection and under customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining
term of such Notes. 
 “Comparable Treasury Price” means, with respect to any date of redemption, the average of
the Reference Treasury Dealer Quotations for such date of redemption, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or if the Quotation Agent obtains fewer than four such Reference Treasury Dealer Quotations,
the average of all Reference Treasury Dealer Quotations. 
 “Quotation Agent” means one of the Reference Treasury
Dealers appointed by the Company. 
 “Reference Treasury Dealer” means each of J.P. Morgan Securities LLC, a
Primary Treasury Dealer (defined herein) selected by U.S. Bancorp Investments, Inc. and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC and their respective successors and any other primary U.S. government securities dealer in New
York City (each, a “Primary Treasury Dealer”) the Company selects. If any of the foregoing ceases to be a Primary Treasury Dealer, the Company must substitute another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any date of
redemption, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference
Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such date of redemption. 
 (h) The Notes will be
issued only in registered form in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 (i) The Notes shall
be issuable in whole or in part in the form of one or more Global Securities. Such Global Securities may be exchanged in whole or in part for individual Securities in definitive form only on the terms and conditions set forth in the Indenture. The
initial Depository for such Global Securities shall be The Depository Trust Company. 

  
 2 

 (j) The Notes shall be denominated in Dollars and the payment of the principal of and interest on
the Notes shall be in Dollars. 
 (k) The Notes shall be defeasible as provided in Article IX of the Indenture. 

(l) The Notes shall not be subject to any mandatory sinking fund. 

(m) If a Change of Control Triggering Event occurs with respect to the Notes, unless the Company has exercised its right to redeem the Notes as
described in Section 4.2 of the Indenture and clause (A)(g) of this Officers’ Certificate, Holders of Notes shall have the right to require the Company to make an offer to each Holder of Notes to repurchase all or any part (equal to $2,000
or an integral multiple of $1,000 in excess thereof) of that Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”) on the terms set forth in the Notes. In the Change of Control Offer, the Company shall
be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if any, on the Notes repurchased to the date of repurchase (the “Change of Control Payment”).
Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to the date of the consummation of any Change of Control, but after the public announcement of the transaction that constitutes or may constitute
the Change of Control, the Company shall be required to mail a notice to the Holders of the Notes, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Triggering Event and
offering to repurchase the Notes on the date specified in the applicable notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to
the procedures required by the Notes and described in such notice. The notice shall, if mailed prior to the date of the consummation of the Change of Control, state that the Change of Control Offer is conditioned on the Change of Control Triggering
Event occurring on or prior to the applicable Change of Control Payment Date. The Company must comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and
regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Triggering
Event provisions of the Notes, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Triggering Event provisions of the Notes by virtue of
such conflicts. 
 “Capital Stock” of a corporation means the capital stock of every class whether now or hereafter
authorized, regardless of whether such capital stock shall be limited to a fixed sum or percentage with respect to the rights of the holders thereof to participate in dividends and in the distribution of assets upon the voluntary or involuntary
liquidation, dissolution or winding up of such corporation. 
 “Change of Control” means the occurrence of any of
the following: (1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or more series of related transactions, of all or substantially all of the Company’s
assets and the assets of its Subsidiaries, taken as a whole, to any Person, other than the Company or one of its Subsidiaries, taken as a whole, to any Person, other than the Company or one of its Subsidiaries; (2) the consummation of any
transaction (including, without limitation, any merger or consolidation) the result of which is that any Person becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more

  
 3 

 than 50% of the Company’s outstanding Voting Stock or other Voting Stock into which the
Company’s Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; (3) the Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or
merges with or into, the Company, in any such event pursuant to a transaction in which any of the Company’s outstanding Voting Stock or the Voting Stock of such other Person is converted into or exchanged for cash, securities or other property,
other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving Person or any
direct or indirect parent company of the surviving Person immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Board of Directors are not Continuing Directors; or (5) the adoption
of a plan relating to the Company’s liquidation or dissolution. Notwithstanding the foregoing, a transaction shall not be deemed to involve a Change of Control under clause (2) above if (i) the Company becomes a direct or indirect
wholly-owned subsidiary of a holding company and (ii)(A) the direct or indirect Holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the Holders of the Company’s Voting Stock
immediately prior to that transaction or (B) immediately following that transaction no Person (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the
Voting Stock of such holding company. 
 “Change of Control Triggering Event” means the occurrence of both a Change
of Control and a Rating Event. 
 “Continuing Directors” means, as of any date of determination, any member of the
Board of Directors who (A) was a member of such Board of Directors on the date the Notes were issued or (B) was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the continuing
directors who were members of such Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval of a proxy statement in which such member was named as a nominee for election as a director,
without objection to such nomination). 
 “Fitch” means Fitch Inc., and its successors. 

“Investment Grade Rating” means a rating equal to or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the
equivalent) by Moody’s and BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service, Inc., and its successors. 

“Person” has the meaning given thereto in Section 13(d)(3) of the Exchange Act. 

“Rating Agencies” means (A) each of Fitch, Moody’s and S&P; and (B) if any of Fitch, Moody’s
or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Rule
15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the Company (as certified by a resolution of the Board of Directors) as a replacement for Fitch, Moody’s or S&P, or all of them, as the case may be. 

  
 4 

 “Rating Event” means the rating on the Notes is lowered by at least two
of the three Rating Agencies and the Notes are rated below an Investment Grade Rating by at least two of the three Rating Agencies on any day during the period (which period will be extended so long as the rating of the Notes is under publicly
announced consideration for a possible downgrade by any of the Rating Agencies) commencing 60 days prior to the first public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control and ending 60
days following consummation of such Change of Control. 
 “S&P” means Standard & Poor’s Rating
Services, a division of The McGraw-Hill Corporation, Inc., and its successors. 
 “Voting Stock” means, with
respect to any specified Person that is a corporation as of any date, the Capital Stock of such person that is at the time entitled to vote generally in the election of the Board of Directors of such Person. 

(n) On the Change of Control Payment Date, the Company shall be required, to the extent lawful, to: 

(i) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

(ii) deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of
Notes properly tendered; and 
 (iii) deliver or cause to be delivered to the Trustee the Notes properly accepted together
with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased. 
 The paying
agent will promptly mail to each Holder of Notes properly tendered the Change of Control Payment for such Note, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in
principal amount to any unpurchased portion of any Notes surrendered; provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Company will not be required to make a Change of
Control Offer upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party
repurchases all Notes properly tendered and not withdrawn under its offer. In addition, the Company will not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default under the Indenture,
other than a Default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 
 (o) The Company shall not,
and shall not permit any Subsidiary to, enter into any arrangement with any Person providing for the leasing by the Company or any Subsidiary of any Property that has been or is to be sold or transferred by the Company or such Subsidiary to such
Person more than 180 days following the Company’s or its Subsidiary’s acquisition of such Property, with the intention of taking back a lease of such Property (a “Sale and Leaseback Transaction”) unless the terms of such sale or
transfer have been determined by the Board of Directors to be fair and arm’s length and either: 
 (i) within 12 months
after the receipt of the proceeds of the sale or transfer, the Company or any Subsidiary apply an amount equal to the greater of the net proceeds of the sale or transfer or the fair value of such Property at the time of such sale or transfer to the
prepayment or retirement (other than any mandatory prepayment or retirement) of Senior Funded Debt; or 

  
 5 

 (ii) the Company or such Subsidiary would be entitled, at the effective date of
the sale or transfer, to incur debt secured by a Lien on such Property in an amount at least equal to the Attributable Debt in respect of the Sale and Leaseback Transaction, without equally and ratably securing the Notes pursuant to Section 5.8
of the Indenture. 
 The foregoing restriction in the paragraph above shall not apply to any Sale and Leaseback Transaction (i) for a
term of not more than three years including renewals; or (ii) between the Company and a Subsidiary or between Subsidiaries, provided that the lessor is the Company or a wholly owned Subsidiary. 

“Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time of determination, the present
value discounted at the rate of interest implicit in the terms of the lease (as determined in good faith by the Company) of the obligations of the lessee under such lease for net rental payments during the remaining term of the lease (including any
period for which such lease has been extended or may, at the Company’s option, be extended). 
 “Funded Debt”
means debt which matures more than one year from the date of creation, or which is extendable or renewable at the sole option of the obligor so that it may become payable more than one year from such date or which is classified, in accordance with
United States generally accepted accounting principles, as long-term debt on the consolidated balance sheet for the most recently ended fiscal quarter (or if incurred subsequent to the date of such balance sheet, would have been so classified) of
the person for which the determination is being made. Funded Debt does not include (1) obligations created pursuant to leases, (2) any debt or portion thereof maturing by its terms within one year from the time of any computation of the
amount of outstanding Funded Debt unless such debt shall be extendable or renewable at the sole option of the obligor in such manner that it may become payable more than one year from such time, or (3) any debt for which money in the amount
necessary for the payment or redemption of such debt is deposited in trust either at or before the maturity date thereof. 

“Senior Funded Debt” means all Funded Debt of the Company or its Subsidiaries (except Funded Debt, the payment of
which is subordinated to the payment of the Notes). 
 (p) Clause (xiii) of the definition of “Permitted Liens” in
Section 1.1 of the Indenture is hereby replaced and superseded in its entirety to read as follows: 
 (xiii) Liens
existing on January 14, 2014, or any extension, amendments, renewals, refinancings, replacements or other modifications thereto. 
 (q)
Clause (xviii) of the definition of “Permitted Liens” in the Indenture is hereby replaced and superseded in its entirety to read as follows: 

(xviii) other Liens on Property of the Company and its Subsidiaries securing debt having an aggregate principal amount (or
deemed amount, in the case of Attributable Debt) not to exceed, as of any date of incurrence of such secured debt pursuant to this clause and after giving effect to such incurrence and the application of the proceeds therefrom, the greater of
(1) $500 million and (2) 15% of the Company’s Consolidated Net Tangible Assets. 

  
 6 

 (r) Section 7.1(e) of the Indenture is hereby amended by replacing the reference to
“$35 million” set forth therein with a reference to “$75 million.” 
 (s) The Notes shall be entitled to the benefit of
the covenants in Article V of the Indenture. 
 (t) The Notes constitute senior unsecured debt obligations of the Company and rank equally in
right of payment among themselves and with all other existing and future senior, unsecured and unsubordinated debt obligations of the Company. 

(u) There shall be no Events of Default other than those provided in Section 7.1 of the Indenture and the failure by the Company to comply
with the provisions of clauses A.(m) or (n) hereof. 
 (v) The Notes shall have additional terms and conditions as set forth in, and
shall be substantially in the form of, Annex A attached hereto, with such modifications thereto as may be approved by the authorized officer or officers executing the same. 

(w) The Trustee shall be the trustee for or on behalf of the Holders of the Notes. 

B. The undersigned hereby approve the sale of $400,000,000 aggregate principal amount of Notes by the Company to the Underwriters listed in
Schedule I to that certain Underwriting Agreement dated January 7, 2014 and in accordance with and pursuant to the terms thereof at a net purchase price to the Company of 99.630% of the principal amount thereof plus accrued interest, if any
from January 14, 2014, and with an initial price to the public of 99.980% of the principal amount thereof plus accrued interest, if any from January 14, 2014. 

The Indenture, as supplemented by this Officers’ Certificate, is in all respects ratified and confirmed, and this Officers’
Certificate shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 
 This Officers’
Certificate may be executed in one or more counterparts, including, without limitation, facsimile counterparts, each of which so executed shall be deemed to be an original, and shall together constitute one and the same Officers’ Certificate.

 THIS OFFICERS’ CERTIFICATE AND THE SECURITIES SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE CONFLICT
OF LAWS PROVISIONS THEREOF. 
 (Signature page follows) 

  
 7 

 IN WITNESS WHEREOF, the undersigned have hereunto executed this Officers’ Certificate as of
the 14th day of January, 2014. 
  

			
	
	
	/s/ William T. Giles
	Name:	 	William T. Giles
	Title:	 	 Executive Vice President and Chief
 Financial
Officer

  

			
	
	
	/s/ Brian L. Campbell
	Name:	 	Brian L. Campbell
	Title:	 	Vice President and Treasurer

 Signature Page to 3.2 Officer’s Certificate 

 ANNEX A 

Form of Note 
 THIS NOTE IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY OR A NOMINEE OF THE DEPOSITORY. THIS NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR
ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY, BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE
DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITORY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TO THE COMPANY OR ITS AGENT FOR REGISTRATION
OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN. 
  

			
	No. 1	 	
	CUSIP: 053332 AQ5	 	$400,000,000

 AUTOZONE, INC. 

1.300% Senior Note due 2017 
 Original Issue
Date: January 14, 2014 
 Interest Payment Dates: January 13 and July 13 

Maturity Date: January 13, 2017 
 Interest Rate: 1.300% 

AUTOZONE, INC., a Nevada corporation (hereinafter called the “Company”, which term includes any successor corporation under the
Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of four hundred million dollars ($400,000,000) (the “Principal Amount”) on the Maturity Date
shown above, except as provided below, and to pay interest thereon at the rate per annum shown above. (Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.) The Company will
pay interest semiannually on the Interest Payment Dates, commencing on July 13, 2014. Interest on this Note will accrue from the most recent Interest Payment Date to which interest has been paid or duly provided for

 
or, if no interest has been paid or duly provided for, from the Original Issue Date shown above. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the person in whose name this Note (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest, which shall be the January 1 or the
July 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 
 Payment of the principal of
and interest on this Note will be made at the Corporate Trust Office of the Trustee in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

 If the Company defaults in a payment of interest on this Note, it shall pay the defaulted interest, plus, to the extent permitted by law,
any interest payable on the defaulted interest, to the persons who are Securityholders of this Note on a subsequent special record date. The Company shall fix that record date and payment date. At least ten (10) days before that record date,
the Company shall mail to the Trustee and to each Securityholder a notice that states that record date, the payment date and the amount of interest and any interest thereon to be paid. The Company may pay defaulted interest and any interest thereon
in any other lawful manner. 
 This Note is one of a duly authorized issue of securities of the Company (the “Securities”), of the
Series hereinafter specified, all issued under and pursuant to an indenture, dated as of August 8, 2003, together with the Officers’ Certificate dated January 14, 2014 (the “Officers’ Certificate”), establishing the
terms of the Notes (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to Bank One Trust Company, N.A.), as Trustee (the “Trustee”), to which Indenture and all
indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and Holders of the Securities. The aggregate principal amount
of Securities that may be authenticated and delivered under the Indenture is unlimited. The Securities may be issued in one or more Series, which different Series may be issued in various aggregate principal amounts, may mature at different times,
may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of Default and may
otherwise vary as in the Indenture provided. This Note is one of a Series designated as the “1.300% Senior Notes due 2017” of the Company (herein referred to as the “Notes”), initially issued in an aggregate principal amount of
four hundred million dollars ($400,000,000). The Company may from time to time, without notice to or the consent of the holders of the Notes, create and issue additional Notes ranking equally and ratably with the Notes and otherwise identical in all
respects, except for the issue price, the issue date, the payment of interest accruing prior to the issue date of such additional Notes and, in some cases, the first payment of interest following the issue date of such additional Notes and the
initial interest accrual date thereof, so that such further Notes shall be consolidated and form a single Series with the Notes. 
 The
Notes constitute senior unsecured debt obligations of the Company and rank equally in right of payment among themselves and with all other existing and future senior, unsecured and unsubordinated debt obligations of the Company. 

 In accordance with and subject to the provisions of the Officers’ Certificate, the Holders
of the Notes may require that the Company repurchase the Notes if a Change of Control Triggering Event has occurred. 
 The Notes will be
redeemable at the option of the Company at any time, in whole or from time to time in part. The redemption price will equal accrued and unpaid interest on the principal amount being redeemed to the redemption date plus the greater of (i) 100%
of the principal amount of such Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes being redeemed (not including any portion of such payments of interest
accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 10 basis points, as determined in good faith by the
Company. 
 Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each holder of
the Notes to be redeemed. Notwithstanding anything to the contrary in Section 4.4 of the Indenture, notice of any redemption of Notes need not set forth the redemption price but only the manner of calculation thereof. The Company shall give the
Trustee notice of the amount of the redemption price for any such redemption promptly after the calculation thereof and the Trustee shall have no responsibility for such calculation. Unless the Company defaults in payment of the redemption price, on
and after the date of redemption, interest will cease to accrue on the Notes or portions of the Notes called for redemption. 

“Adjusted Treasury Rate” means, with respect to any date of redemption, the rate per annum equal to the semiannual equivalent yield
to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such date of redemption. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Notes to be redeemed that would be used, at the time of selection and under customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such
Notes. 
 “Comparable Treasury Price” means, with respect to any date of redemption, the average of the Reference Treasury Dealer
Quotations for such date of redemption, after excluding the highest and lowest Reference Treasury Dealer Quotations, or if the Quotation Agent obtains fewer than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer
Quotations. 
 “Quotation Agent” means one of the Reference Treasury Dealers appointed by the Company. 

“Reference Treasury Dealer” means each of J.P. Morgan Securities LLC, a Primary Treasury Dealer (defined herein) selected by U.S.
Bancorp Investments, Inc. and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC and their respective successors and any other primary U.S. government securities dealer in New York City (each, a “Primary Treasury Dealer”)
selected by the Company. If any of the foregoing ceases to be a Primary Treasury Dealer, the Company must substitute another Primary Treasury Dealer. 

 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any date of redemption, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation
Agent by the Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day before the date of redemption. 
 The
Notes will not be subject to, or have the benefit of, any sinking fund. 
 In case an Event of Default (as defined in the Indenture) with
respect to the Notes shall have occurred and be continuing, the principal hereof may be declared, or shall become, due and payable, in the manner, with the effect and subject to certain conditions set forth in the Indenture. The Indenture provides
that, subject to certain conditions therein set forth, any such declaration of acceleration and its consequences may be waived by the Holders of a majority in principal amount of the outstanding Notes. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of at least a majority in principal
amount of the outstanding Notes to be affected thereby, as provided in the Indenture, to enter into supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any
supplemental indenture or modifying in any manner the rights of the Holders of the Notes; and the Indenture also contains provisions allowing the Holders of at least a majority in principal amount of the outstanding Notes to waive compliance with
any provision of the Indenture or this Note; provided, however, that no such supplemental indenture or amendment or waiver may, without the consent of each Holder of Notes to be affected (a) reduce the amount of Notes whose
Holders must consent to an amendment, supplement or waiver; (b) reduce the rate of, change the method of determination of or extend the time for payment of interest (including default interest) on any Note; (c) reduce the principal or
change the Stated Maturity of any Note; (d) make any change in the provisions concerning waivers of Events of Default by Holders or the rights of Holders to recover the principal of or interest on any Note; (e) waive a Default or Event of
Default in the payment of the principal of or interest on any Note (except a rescission of acceleration of the Notes by the Holders of at least a majority in principal amount of the outstanding Notes and a waiver of the payment default that resulted
from such acceleration); (f) make the principal of or interest on any Note payable in any currency other than that stated in the Note; (g) make any change in Sections 7.8, 7.13, or 10.3 of the Indenture; or (h) waive a redemption
payment with respect to any Note. The Indenture also provides that the Holders of not less than a majority in principal amount of the outstanding Notes may on behalf of the Holders of all the Notes waive any past Default under the Indenture with
respect to the Notes and its consequences, except a Default (i) in the payment of the principal of or interest on any Note (provided, however, that the Holders of a majority in principal amount of the outstanding Notes may rescind an
acceleration and its consequences, including any related payment default that resulted from such acceleration) or (ii) in respect of a covenant or provision hereof which cannot be modified or amended without the consent of the Holder of each
outstanding Notes affected. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising 

 
therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. Any
such waiver by the Holders of the Notes shall be conclusive and binding upon the Holder of this Note and upon all future Holders and owners of this Note and of any Note issued upon the transfer hereof or in exchange or substitution hereof. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and interest on this Note at the time, place and rate, and in the coin or currency, herein and in the Indenture prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable by the Holder
hereof on the register of the Company, upon due presentment of this Note for registration of transfer at the office of the Registrar, or at the office of any co-registrar duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to, the Company and the Registrar or any such co-registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of authorized denominations and for an equal principal amount
will be issued to the designated transferee or transferees. 
 No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith. 

The Notes are issuable only as registered Notes without coupons in denominations equal to $2,000 or an integral multiple of $1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for new Notes of any authorized denominations of an equal principal amount as requested by the Holder surrendering the same. 

Notwithstanding the other provisions of the Indenture, payment of the principal of and interest, if any, on any Note represented by a Global
Security shall be made to the Holder thereof. The Company and the Trustee understand that interest on any such Global Security will be disbursed or credited by the Depository to the persons having beneficial ownership thereof pursuant to a
book-entry or other system maintained by the Depository. 
 Except as provided in the foregoing paragraph, the Company, the Trustee and any
Agent shall treat a person as the Holder of such principal amount of outstanding Notes represented by a Global Security as shall be specified in a written statement of the Depository with respect to such Global Security, for purposes of obtaining
any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 
 The Holder of this Note
shall not have recourse for the payment of principal of or interest on this Note or for any claim based on this Note or the Indenture against any director, officer, employee or stockholder, as such, of the Company. By acceptance of this Note, the
Holder waives and releases all such liability. 

 THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO THE CONFLICT OF LAWS PROVISIONS THEREOF. 
 All terms used but not defined in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 
 Unless the certificate of authentication has been executed by manual signature of the
Trustee, this Note shall not be valid. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed manually or in
facsimile. 
 Dated: January 14, 2014 
  

			
	AUTOZONE, INC.
		
	 	 	 
	Name:	 	Brian L. Campbell
	Title:	 	Vice President and Treasurer

  

			
	
		
	 	 	 
	Name:	 	William T. Giles
	Title:	 	 Executive Vice President and Chief
 Financial
Officer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the 
 Series designated therein,
referred to 
 in the within-mentioned Indenture. 
 THE BANK OF
NEW YORK MELLON TRUST COMPANY, N.A. (AS SUCCESSOR IN INTEREST TO BANK ONE TRUST COMPANY, N.A.), as Trustee 
  

			
		
	By:	 	 
		 	Authorized Signatory

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