Document:

<PAGE>

                                                                     EXHIBIT 4.2
                                                                  CONFORMED COPY

      ASSUMPTION AGREEMENT, dated as of November 19, 2004, made by TBC Parent
Holding Corp. (the "Additional Grantor"), in favor of JPMorgan Chase Bank, N.A.,
as collateral agent (in such capacity, the "Collateral Agent") for the banks and
other financial institutions or entities (the "Lenders") parties to the Credit
Agreement referred to below, The Prudential Insurance Company of America
("Prudential") and the Prudential Affiliates (as defined in the Note Agreements
referred to below; the Lenders, Prudential and the Prudential Affiliates
collectively referred to as the "Secured Parties"). All capitalized terms not
defined herein shall have the meaning ascribed to them in such Credit Agreement.

                              W I T N E S S E T H :

      WHEREAS, TBC Parent Holding Corp. and TBC Corporation (the "Borrowers"),
the Lenders, the Administrative Agent and the Co-Administrative Agent have
entered into a Credit Agreement, dated as of March 31, 2003, as amended and
restated as of November 29, 2003, and as further amended and restated as of
November 19, 2004, (as further amended, supplemented or otherwise modified from
time to time, the "Credit Agreement");

      WHEREAS, the Borrowers and Prudential have entered into the Second Amended
and Restated Note Agreement, dated as of April 1, 2003, as amended by Amendment
No. 1 to Second Amended and Restated Note Agreement, dated as of November 29,
2003, and as further amended by Amendment No. 2 to Second Amended and Restated
Note Agreement, dated as of November 19, 2004 (as amended, supplemented or
otherwise modified from time to time, the "Existing Note Agreement") and the
Borrowers, Prudential and the Prudential Affiliates have entered into the Note
Purchase Agreement, dated as of April 1, 2003, as amended by Amendment No. 1 to
Note Purchase Agreement, dated as of November 29, 2003, and as further amended
by Amendment No. 2 to Note Purchase Agreement, dated as of November 19, 2004 (as
amended, supplemented or otherwise modified from time to time, the "Additional
Note Agreement") (the Existing Note Agreement and the Additional Note Agreement
collectively referred to as "Note Agreements");

      WHEREAS, in connection with the Credit Agreement and the Note Agreements,
the Borrowers and certain of their Affiliates (other than the Additional
Grantor) have entered into the Guarantee and Collateral Agreement, dated as of
March 31, 2003 (as amended by the amendment dated as of November 29, 2003, and
as further amended, supplemented or otherwise modified from time to time, the
"Guarantee and Collateral Agreement") in favor of the Collateral Agent for the
benefit of the Secured Parties;

      WHEREAS, the Credit Agreement and the Note Agreements require the
Additional Grantor to become a party to the Guarantee and Collateral Agreement;
and

      WHEREAS, the Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Guarantee and Collateral
Agreement;

      NOW, THEREFORE, IT IS AGREED:

      1. Guarantee and Collateral Agreement. By executing and delivering this
Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the
Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and
Collateral Agreement as

<PAGE>

a Grantor and Guarantor thereunder with the same force and effect as if
originally named therein as a Grantor and Guarantor and, without limiting the
generality of the foregoing, hereby expressly assumes all obligations and
liabilities of a Grantor and Guarantor thereunder. The information set forth in
Annex 1 hereto includes all information with respect to the Additional Grantor
required to be set forth in the Schedules to the Guarantee and Collateral
Agreement. The Additional Grantor hereby represents and warrants that each of
the representations and warranties contained in Section 4 of the Guarantee and
Collateral Agreement is true and correct on and as the date hereof (after giving
effect to this Assumption Agreement) as if made on and as of such date.

      2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

                                       2
<PAGE>

      IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement
to be duly executed and delivered as of the date first above written.

                                        TBC PARENT HOLDING CORP.

                                        By: /s/ Thomas W. Garvey
                                          --------------------------------------
                                          Name:  Thomas W. Garvey
                                          Title: Executive Vice President/
                                                 Chief Financial Officer

363675.1

                                       3
<PAGE>
                                                                         ANNEX 1

Notice Address of Additional Grantor:

TBC Corporation
7111 Fairway Drive
Suite 201
Palm Beach Gardens, Florida 33418

Stock Pledged by Additional Grantor:

Certificate No. N-1, representing one share of Common Stock of TBC Private
Brands, Inc.

Location of Jurisdiction and Chief Executive Office:

Additional Grantor is a Delaware corporation. The location of its chief
executive office is:

7111 Fairway Drive
Suite 201
Palm Beach Gardens, Florida 33418

Trademarks, Tradenames and Copyrights:

None<PAGE>
================================================================================

                                                                     EXHIBIT 4.3

                                                               EXECUTION VERSION

                                 TBC CORPORATION

                        ---------------------------------

                        AMENDMENT NO. 2 TO SECOND AMENDED
                           AND RESTATED NOTE AGREEMENT

                        ---------------------------------

                          DATED AS OF NOVEMBER 19, 2004

             SERIES A SENIOR NOTES DUE JULY 10, 2003 (PAID IN FULL)
                     SERIES B SENIOR NOTES DUE JULY 10, 2005
                     SERIES C SENIOR NOTES DUE JULY 10, 2008

              GUARANTEED BY CERTAIN SUBSIDIARIES OF TBC CORPORATION

================================================================================
<PAGE>
                                 TBC CORPORATION

             SERIES A SENIOR NOTES DUE JULY 10, 2003 (PAID IN FULL)
                     SERIES B SENIOR NOTES DUE JULY 10, 2005
                     SERIES C SENIOR NOTES DUE JULY 10, 2008

                  GUARANTEED BY SUBSIDIARIES OF TBC CORPORATION

                 AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED
                                 NOTE AGREEMENT

                                                         As of November 19, 2004

The Noteholder Named on
the Signature Page hereto

Ladies and Gentlemen:

      TBC CORPORATION, a Delaware corporation (together with its permitted
successors and assigns, the "COMPANY") and TBC PARENT HOLDING CORP., a Delaware
corporation (the "HOLDING COMPANY"), hereby agree with you as follows:

1.    BACKGROUND.

      The Company and The Prudential Insurance Company of America (the
"NOTEHOLDER") are party to a Second Amended and Restated Note Agreement (as
amended by that certain Amendment No. 1 to Second Amended and Restated Note
Agreement dated as of November 29, 2003 and as in effect immediately prior to
the effectiveness of this Agreement, the "EXISTING NOTE AGREEMENT" and, as
amended hereby and as may be further amended, restated or otherwise modified
from time to time, the "NOTE AGREEMENT"), dated as of April 1, 2003, governing
the terms of, and amending, the Company's (a) Series A Senior Notes due July 10,
2003 (which have been paid in full), (b) Series B Senior Notes due July 10, 2005
(the "SERIES B NOTES") and (c) Series C Senior Notes due July 10, 2008 (the
"SERIES C NOTES" and together with the Series B Notes, the "NOTES"). The
aggregate principal amount of the Series B Notes outstanding on the date hereof
is $5,500,000 and the aggregate principal amount of the Series C Notes
outstanding on the date hereof is $16,500,000, all of which Notes are held by
the Noteholder. The obligations of the Company under the Note Agreement and the
Notes are secured by: (a) a lien on certain assets of (and are guaranteed by)
certain Subsidiaries of the Company (the "SUBSIDIARY OBLIGORS") pursuant to that
certain Guarantee and Collateral Agreement, dated as of March 31, 2003 (as
amended from time to time, the "GUARANTEE AND COLLATERAL AGREEMENT"), and (b) a
lien on certain real property owned by the Company, pursuant to that certain
Deed of Trust, Assignment of Leases and Security Agreement, dated as of March
31, 2003, in favor of the Collateral Agent (as amended from time to time, the
"COMPANY MORTGAGE"). Contemporaneously herewith, the Company is undertaking a
corporate reorganization (the "REORGANIZATION") pursuant to Section 251(g) of
the Delaware General Corporation Law by (a) merging a Wholly-Owned Subsidiary of
the Holding Company into the Company (with the Company being the surviving
entity), and (b) subsequently changing the
<PAGE>
name of the surviving entity to TBC Private Brands, Inc. Upon the effectiveness
of the Reorganization, the Holding Company will be the holding company parent of
the Company and will be renamed TBC Corporation. The Company has requested that
the Noteholder agree to amend the Existing Note Agreement to reflect the
corporate changes made pursuant to the Reorganization as set forth herein. The
Noteholder has, subject to the satisfaction of the conditions set forth in
Section 5 of this Agreement, consented to such request. The mutual agreement of
the parties as to such matters is set forth in this Agreement.

2.    DEFINED TERMS.

      Capitalized terms used herein and not otherwise defined herein have the
meanings ascribed to them in the Note Agreement. Other defined terms used herein
shall have the meanings set forth below:

      "AGREEMENT, THIS" means this Amendment No. 2 to Second Amended and
      Restated Note Agreement.

      "AMENDMENTS" is defined in Section 4.1.

      "ASSUMPTION AGREEMENTS" is defined in Section 5.6.

      "COMPANY" is defined in the introductory paragraph.

      "COMPANY MORTGAGE" is defined in Section 1.

      "EXISTING NOTE AGREEMENT" is defined in Section 1.

      "FINANCING DOCUMENTS" means this Agreement, the Note Agreement, the Notes,
the Guarantee and Collateral Agreement, the Company Mortgage and the Assumption
Agreements.

      "GUARANTEE AND COLLATERAL AGREEMENT" is defined in Section 1.

      "NOTEHOLDER" is defined in Section 1.

      "NOTE AGREEMENT" is defined in Section 1.

      "NOTES" is defined in Section 1.

      "OBLIGORS" means the Company, the Holding Company and the Subsidiary
Obligors.

      "PRO FORMA BALANCE SHEET" is defined in Section 3.9.

      "REORGANIZATION" is defined in Section 1.

      "SECOND AMENDED AND RESTATED CREDIT AGREEMENT" means the Second Amended
and Restated Credit Agreement, dated on or about the date hereof, by and among
the Company, the Holding Company, First Tennessee Bank, National Association, as
Administrative Agent, JP Morgan Chase Bank, as Co-Administrative Agent, and the
other lenders party thereto.

                                       2
<PAGE>
      "SERIES B NOTES" is defined in Section 1.

      "SERIES C NOTES" is defined in Section 1.

      "SOLVENT" means, with respect to any Person, that, as of any date of
determination, (a) the amount of the "present fair saleable value" of the assets
of such Person will, as of such date, exceed the amount of all "liabilities of
such Person, contingent or otherwise", as of such date, as such quoted terms are
determined in accordance with applicable federal and state laws governing
determinations of the insolvency of debtors, (b) the present fair saleable value
of the assets of such Person will, as of such date, be greater than the amount
that will be required to pay the liability of such Person on its debts as such
debts become absolute and matured, (c) such Person will not have, as of such
date, an unreasonably small amount of capital with which to conduct its
business, and (d) such Person will be able to pay its debts as they mature. For
purposes of this definition, (i) "debt" means liability on a "claim", and (ii)
"claim" means any (x) right to payment, whether or not such a right is reduced
to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured,
disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an
equitable remedy for breach of performance if such breach gives rise to a right
to payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured
or unsecured.

      "SUBSIDIARY OBLIGORS" is defined in Section 1.

3.    REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

      To induce the Noteholder to enter into this Agreement, the Holding Company
and the Company represent and warrant that:

      3.1.  ORGANIZATION AND EXISTENCE.

      Each of the Company and the Holding Company is duly organized, validly
existing and in good standing under the laws of its jurisdiction of organization
and has the entity power and authority to own its respective property and to
carry on its respective business as now being conducted.

      3.2.  AGREEMENTS AUTHORIZED; OBLIGATIONS ENFORCEABLE.

            (A) AGREEMENTS ARE LEGAL AND AUTHORIZED. The execution and delivery
      by each of the Company and the Holding Company of this Agreement and
      compliance by the Obligors with all of the provisions of each Financing
      Document to which it is a party, is within the corporate power and
      authority of such Obligor.

            (B) OBLIGATIONS ARE ENFORCEABLE. Each of the Company and the Holding
      Company has duly authorized this Agreement by all necessary corporate or
      other action on its part. This Agreement has been executed and delivered
      by one or more duly authorized officers of each of the Company and the
      Holding Company, and each Financing Document constitutes a legal, valid
      and binding obligation of each Obligor party thereto, enforceable in
      accordance with its terms, except that the enforceability thereof may be:

                                       3
<PAGE>
                  (i) limited by applicable bankruptcy, reorganization,
            arrangement, insolvency, moratorium, or other similar laws affecting
            the enforceability of creditors' rights generally; and

                  (ii) subject to the availability of equitable remedies.

      3.3.  NO CONFLICTS.

      Neither the execution and delivery of this Agreement by the Company and
the Holding Company, nor the fulfillment of or compliance with the terms and
provisions of any Financing Document to which each is a party, will conflict
with, or result in a breach of the provisions of, or constitute a default under,
or result in the creation of any Lien upon any of the properties of the Company,
the Holding Company or any Subsidiary (other than those permitted by Section 6.3
of the Note Agreement) pursuant to its charter, bylaws or other constitutive
documents, any award of any arbitrator or any agreement (including any agreement
with stockholders), instrument, order, judgment, decree, statute, law, rule or
regulation to which any of the Company, the Holding Company or such Subsidiary
is subject.

      3.4.  GOVERNMENTAL CONSENT.

      Neither the execution and delivery of this Agreement by the Company and
the Holding Company, nor the performance by the Obligors of their respective
obligations under the Financing Documents, is such as to require any
authorization, consent, approval, exemption or other action by or notice to or
filing with any court or administrative or governmental body (other than routine
filings with the Securities and Exchange Commission and/or state blue sky
authorities) on the part of such Obligor in connection with the execution and
delivery of this Agreement or the fulfillment of or compliance with the terms
and provisions of the Financing Documents.

      3.5.  FULL DISCLOSURE.

      This Agreement and the documents, certificates or other writings delivered
to the Noteholder by or on behalf of any Obligor in connection therewith, taken
as a whole, do not contain any untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein not misleading
in light of the circumstances under which they were made. There is no fact known
to the Company or the Holding Company, or to the best knowledge of the Company
or the Holding Company, any other Obligor, that could reasonably be expected to
have a Material Adverse Effect that has not been set forth herein or in the
other documents, certificates and other writings delivered to the Noteholder by
or on behalf of the Obligors specifically for use in connection with the
transactions contemplated by the Financing Documents.

      3.6.  NO DEFAULTS; NO MATERIAL ADVERSE CHANGE.

      No event has occurred and no condition exists that, upon the execution and
delivery of this Agreement and the effectiveness of the amendments provided for
herein: (a) would constitute a Default or an Event of Default, or (b) could
reasonably be expected to result in a Material Adverse Effect.

                                       4
<PAGE>
      3.7.  PROPERTIES.

            (a) The Company, the Holding Company and each of their respective
      Subsidiaries has good title to, or valid leasehold interests in, all its
      real and personal property material to its business, free and clear of all
      Liens except for Liens permitted by Section 6.3 of the Note Agreement and
      minor defects in title that do not interfere with its ability to conduct
      its business as currently conducted or to utilize such properties for its
      intended purposes.

            (b) Schedule 3.7(b) lists, as of the Effective Date, each parcel of
      owned real property located in the United States and held by the Company,
      the Holding Company or any of their respective Subsidiaries having a value
      (together with improvements thereof) of at least $10,000,000.

      3.8.  ASSETS.

      (a) Schedule 3.4 to the Guarantee and Collateral Agreement accurately
describes the name and registration number of all federally registered
trademarks, trade names and service marks of the Holding Company and its
Subsidiaries as of March 31, 2003, (b) Schedule 4 to the First Amendment to
Guarantee and Collateral Agreement, dated November 29, 2003, accurately
describes the name and registration number of all federally registered
trademarks, trade names and service marks of the Holding Company and its
Subsidiaries acquired between April 1, 2003 and November 29, 2003, and (c)
Schedule 3.8 to this Agreement accurately describes, as of the Effective Date,
the name and registration number of all federally registered trademarks, trade
names and service marks of the Holding Company and its Subsidiaries acquired
after November 29, 2003.

      3.9.  FINANCIAL CONDITION; NO MATERIAL ADVERSE CHANGE.

            (a) Since December 31, 2003, there has been no material adverse
      change in the business, assets, operations, prospects or condition,
      financial or otherwise, of the Holding Company, the Company and its
      Subsidiaries, taken as a whole.

            (b) The unaudited pro forma consolidating balance sheet of Holdings
      and its subsidiaries as of August 31, 2004 (the "PRO FORMA BALANCE
      SHEET"), copies of which have heretofore been furnished to the Noteholder,
      has been prepared giving effect (as if such events had occurred on such
      date) to the Reorganization. The Pro Forma Balance Sheet has been prepared
      using the Company's balance sheet as at August 31, 2004 and, to the best
      of the Holding Company's knowledge as of the Effective Date, presents
      fairly on a pro forma basis the estimated financial position of the
      Holding Company and its Subsidiaries as at August 31, 2004, assuming that
      the Reorganization had actually occurred at such date.

      3.10. SOLVENCY.

      The Company and the Holding Company are, and after giving effect to the
Reorganization will be, and will continue to be, Solvent.

                                       5
<PAGE>
4.    AMENDMENTS.

      4.1.  AMENDMENTS IN RESPECT OF THE EXISTING NOTE AGREEMENT.

      The Company, the Holding Company and the Noteholder hereby agree that,
subject to Section 5 hereof, the Existing Note Agreement is hereby amended in
the manner specified in Exhibit A to this Agreement (collectively, the
"AMENDMENTS").

      4.2.  JOINDER OF HOLDING COMPANY.

      Upon the effectiveness of this Agreement, (a) all of the obligations of
the Company to make payments on the Notes shall apply with equal force to the
Holding Company as if the Company and the Holding Company had executed the Note
Agreement and the Notes as joint and several obligors thereunder, (b) all
covenants, restrictions and prohibitions applicable to the Company contained in
the Existing Note Agreement (including, without limitation, those obligations,
restrictions and prohibitions set forth in Sections 5 through 7, inclusive, of
the Existing Note Agreement) shall apply to the Holding Company such that
references contained therein to "the Company" or "the Company and its
Subsidiaries" shall be deemed to have been replaced by references to "the
Holding Company" or "the Holding Company and its Subsidiaries", as the case may
be, and (c) all definitions contained in the Note Agreement that are calculated
or defined on a consolidated basis shall include the Holding Company in such
calculation or definition.

      Notwithstanding the provisions of the preceding paragraph, any references
to "the Company" contained in clauses (a), (b), (c), (d), (e), (l) and (o) of
Section 7.1 of the Existing Note Agreement are hereby each replaced with
references to "the Company or the Holding Company".

      4.3.  EFFECT OF AMENDMENTS.

      Except as expressly provided herein, (a) no terms or provisions of the
Existing Note Agreement or any other agreement are modified or changed by this
Agreement, and (b) the terms of this Agreement shall not operate as an
amendment, waiver or other modification by the Noteholder of, or otherwise
prejudice the Noteholder's rights, remedies or powers under, the Note Agreement
or under any applicable law, and all of such rights, remedies and powers are
hereby expressly reserved.

5.    CONDITIONS TO EFFECTIVENESS.

      The Amendments shall become effective only upon the date of the
satisfaction in full of the following conditions precedent (the "EFFECTIVE
DATE"):

      5.1.  EXECUTION AND DELIVERY OF THIS AGREEMENT.

      The Company, the Holding Company and the Noteholder shall have executed
and delivered a counterpart of this Agreement.

      5.2.  REPRESENTATIONS AND WARRANTIES TRUE.

                                       6
<PAGE>
      The representations and warranties set forth in paragraph 3 shall be true
and correct on such date in all material respects.

      5.3.  AMENDED AND RESTATED CREDIT AGREEMENT.

      The Second Amended and Restated Credit Agreement shall have been executed
and delivered by all parties thereto and a copy thereof shall have been
delivered to the Noteholder.

      5.4.  AUTHORIZATION.

      The Company and the Holding Company shall have authorized, by all
necessary action, the execution, delivery and performance of all documents,
agreements and certificates in connection with this Agreement, and the
satisfaction of all closing conditions set forth in this Section 5, applicable
to the Company or the Holding Company, as the case may be.

      5.5.  SECRETARY'S CERTIFICATES.

      Each of the Company and the Holding Company shall have executed and
delivered to the Noteholder a certificate of its Secretary or Assistant
Secretary, certifying as true, correct and complete and attaching:

            (a) copies of the resolutions authorizing the execution, delivery
      and performance of this Agreement, and the satisfaction of all closing
      conditions set forth in this Section 5 applicable to it;

            (b) its certificate of incorporation and all amendments thereto;

            (c) its bylaws;

            (d) a long form certificate of good standing with respect to it
      issued by the Secretary of State of its jurisdiction of organization; and

            (e) an incumbency certificate and specimen signatures of its
      officers executing documents.

      5.6. ASSUMPTION AGREEMENTS; FILINGS.

      Each of the Holding Company and TBC Private Brands of Texas LLC shall have
executed and delivered to the Noteholder and the Collateral Agent an Assumption
Agreement (collectively, the "ASSUMPTION AGREEMENTS"), in the form of Annex 1 to
the Guarantee and Collateral Agreement and appropriate Uniform Commercial Code
and (in the case of the Company) real estate filings shall have been made to
reflect the change in the Company's name following the Reorganization and the
addition of the Holding Company as an Obligor.

      5.7. CONSUMMATION OF REORGANIZATION.

      The Reorganization shall have been consummated in accordance with
applicable law, and all governmental and material third party approvals
necessary in connection with the

                                       7
<PAGE>
Reorganization and the continuing operation of the Holding Company and its
Subsidiaries shall have been obtained and be in full force and effect, and all
applicable waiting periods shall have expired without any action being taken or
threatened by any competent authority that would restrain, prevent or otherwise
impose adverse conditions on the Reorganization.

      5.8. STOCK CERTIFICATES.

      The Collateral Agent shall have received the certificates representing the
shares of Capital Stock of the Company pledged pursuant to the Guarantee and
Collateral Agreement, together with an undated stock power for such certificates
executed in blank by a duly authorized officer of the Holding Company.

      5.9. OPINION OF COUNSEL TO THE COMPANY AND THE HOLDING COMPANY.

      The Noteholder shall have received an opinion (addressed to the Noteholder
and dated the Effective Date) of Thompson Hine LLP, counsel to the Company and
the Holding Company, in form and substance satisfactory to the Noteholder.

      5.10. SPECIAL COUNSEL FEES.

      The Company shall have paid the reasonable fees and disbursements of the
Noteholder's special counsel in accordance with Section 6 below.

      5.11. PROCEEDINGS SATISFACTORY.

      All proceedings taken in connection with this Agreement and all documents
and papers relating thereto shall be satisfactory to the Noteholder and its
special counsel, and the Noteholder and its special counsel shall have received
copies of such documents and papers as the Noteholder or its special counsel may
reasonably request in connection herewith.

6.    EXPENSES.

      Whether or not the Amendments become effective, the Company will pay all
reasonable fees, expenses and costs relating to this Agreement, including, but
not limited to, (a) the reasonable cost of reproducing this Agreement and the
other documents delivered in connection herewith and (b) the reasonable fees and
disbursements of the Noteholder's special counsel, Bingham McCutchen LLP,
incurred in connection with the preparation, negotiation and delivery of this
Agreement. Nothing in this Section 6 shall limit the Company's obligations under
Section 11.2 of the Note Agreement.

7.    MISCELLANEOUS.

      7.1.  PART OF NOTE AGREEMENT, RATIFICATION AND CONFIRMATION.

      This Agreement shall be construed in connection with and as a part of the
Existing Note Agreement and, except as expressly amended by this Agreement, all
terms, conditions and covenants contained in the Existing Note Agreement and the
Notes are hereby ratified and confirmed and shall be and remain in full force
and effect. Any and all notices, requests,

                                       8
<PAGE>
certificates and other instruments executed and delivered after the execution
and delivery of this Agreement may refer to the Existing Note Agreement and the
Notes without making specific reference to this Agreement, but nevertheless all
such references shall include this Agreement unless the context otherwise
requires.

      7.2.  COUNTERPARTS; EFFECTIVENESS.

      This Agreement may be executed in any number of counterparts, each of
which shall be an original but all of which together shall constitute one
instrument. Delivery of an executed signature page by facsimile transmission
shall be effective as delivery of a manually signed counterpart of this
Agreement.

      7.3.  SUCCESSORS AND ASSIGNS.

      All covenants and other agreements in this Agreement contained by or on
behalf of any of the parties hereto shall bind and inure to the benefit of the
respective successors and assigns of the parties hereto (including, without
limitation, any transferee) whether so expressed or not.

      7.4. GOVERNING LAW.

      THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE
RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE INTERNAL LAWS OF THE STATE OF
NEW YORK EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD
REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.

   [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. NEXT PAGE IS SIGNATURE PAGE.]

                                       9
<PAGE>
      If you are in agreement with the foregoing, please so indicate by signing
the agreement below on the accompanying counterpart of this Agreement and
returning it to the Company, whereupon the foregoing shall become a binding
agreement among you, the Company and the Holding Company.

                                    Very truly yours,

                                    TBC CORPORATION

                                    By   /s/ Thomas W. Garvey
                                      --------------------------
                                    Name:  Thomas W. Garvey
                                    Title:    EVP/CFO

                                    TBC PARENT HOLDING CORP.

                                    By   /s/ Thomas W. Garvey
                                      --------------------------
                                    Name:  Thomas W. Garvey
                                    Title:    EVP/CFO

        [Signature Page to Amendment No. 2 to Second Amended and Restated
                                Note Agreement]
<PAGE>
The foregoing Agreement is hereby accepted
as of the date first above written.

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

By: /s/ Robert R. Derrick
   -----------------------
Name:   Robert R. Derrick
Title:  Vice President

        [Signature Page to Amendment No. 2 to Second Amended and Restated
                                 Note Agreement]
<PAGE>
                                                                       EXHIBIT A

                      AMENDMENTS TO EXISTING NOTE AGREEMENT

1.    AMENDMENTS TO NEGATIVE COVENANTS.

      (A) LIMITATIONS ON INDEBTEDNESS. Section 6.2(c) of the Existing Note
Agreement shall be and is hereby amended and restated in its entirety as
follows:

                  "(c) Indebtedness owed to the Holding Company, the Company or
            any Wholly-Owned Subsidiary by any of the Holding Company, the
            Company or any Wholly-Owned Subsidiary, that in each case is
            permitted under Section 6.5(c);".

      (B) FUNDAMENTAL CHANGES. Section 6.4 of the Existing Note Agreement shall
be and is hereby amended by deleting "; and" at the end of clause (e) of such
Section and adding two new clauses (g) and (h) to such Section immediately
following clause (f) to read in its entirety as follows:

                  "(g) the Holding Company may merge or consolidate with or into
            the Company, and the Company may merge or consolidate with or into
            the Holding Company; and

                  (h) a Wholly-Owned Subsidiary of the Holding Company may merge
            or consolidate with or into the Company pursuant to the
            Reorganization (as defined in the Second Amendment)."

      (C) INVESTMENTS, LOANS, ADVANCES, GUARANTEES AND ACQUISITIONS. Section 6.5
is hereby amended and restated by amending and restating clauses (c), (g) and
(h) of such Section in their entirety to read as follows:

                  "(c) advances made by the Holding Company, the Company or any
            Wholly-Owned Subsidiary to the Holding Company, the Company or any
            Wholly-Owned Subsidiary;";

                  "(g) Any separate individual Acquisition completed after the
            date of this Agreement which has been either (i) approved by the
            Board of Directors of the corporation, or the comparable or
            appropriate body of any other Person, which is the subject of such
            Acquisition or (ii) recommended by such Board to the shareholders of
            such corporation, or by such other body to the equity holders of
            such other Person, and in each case (A) the Acquisition target is a
            Person which is engaged in the replacement tire industry, (B) the
            aggregate consideration for all such Acquisitions completed in any
            one calendar year does not exceed $40,000,000, (C) the aggregate
            consideration for all such Acquisitions completed after the date
            hereof does not exceed $75,000,000, provided, that this amount shall
            be increased on an annual basis by an amount equal to 25% of the
            Company's Consolidated Net Income for the completed 2003 Fiscal Year
            and 25% of the Holding Company's Consolidated Net Income for each
            completed
<PAGE>
            Fiscal Year commencing with Fiscal Year 2004, and (D) such
            Acquisition is made under circumstances in which no Default or Event
            of Default either exists or will result therefrom, and in which pro
            forma financial statements and projections including the Holding
            Company, its Subsidiaries and the Person and/or assets to be
            acquired, covering the most recent 12 month period for which
            financial statements are available and the twelve months following
            the Acquisition, would show that no Default or Event of Default will
            result from the Acquisition (such an Acquisition is referred to
            herein as an "ACCEPTABLE ACQUISITION");";

                  "(h) Intercompany Loans made to the Holding Company, the
            Company or any Wholly-Owned Subsidiary by the Holding Company, the
            Company or any Wholly-Owned Subsidiary; and".

      (D) RESTRICTED PAYMENTS. Section 6.11 of the Existing Note Agreement shall
be and is hereby amended and restated in its entirety to read as follows:

            "6.11 RESTRICTED PAYMENTS.

                  The Holding Company will not, and will not permit any of its
            Subsidiaries to, declare or make, or agree to pay or make, directly
            or indirectly, any Restricted Payment, except (a) the Holding
            Company or the Company may declare and pay dividends with respect to
            its capital stock payable solely in additional shares of its common
            stock, (b) Subsidiaries may declare and pay dividends ratably with
            respect to their Capital Stock, (c) the Company may make Restricted
            Payments (and may make payments to the Holding Company to permit the
            Holding Company to make Restricted Payments) pursuant to and in
            accordance with stock option plans or other benefits for management
            or employees of the Holding Company and its Subsidiaries, (d) so
            long as no Default or Event of Default shall have occurred and be
            continuing or would result therefrom, the Company may make payments
            (and may make payments to the Holding Company to permit the Holding
            Company to make payments) in an aggregate amount not exceeding
            $10,000,000 per calendar year on account of (i) the purchase,
            redemption, retirement, acquisition, cancellation or termination of
            any shares of Capital Stock of the Holding Company or the Company or
            any option, warrant or other right to acquire any such shares and
            (ii) the payment of dividends with respect to its preferred stock
            and (e) the Company may make Restricted Payments to the Holding
            Company."

2.    AMENDMENTS TO DEFINITIONS.

      (A) "CREDIT AGREEMENT". The definition of "Credit Agreement" in Section
10.2 of the Existing Note Agreement shall be and is hereby amended and restated
in its entirety to read as follows:

            ""CREDIT AGREEMENT" shall mean the Second Amended and Restated
      Credit Agreement, dated as of November 19, 2004, among the Holding
      Company, the Company,
<PAGE>
      First Tennessee Bank, National Association, as Administrative Agent,
      JPMorgan Chase Bank, as Co-Administrative Agent, and the other lenders
      party thereto."

      (B) NEW DEFINITION - "SECOND AMENDMENT". Section 10.2 of the Existing Note
Agreement shall be and is hereby amended by inserting the following new
definition in its appropriate alphabetical order:

            ""SECOND AMENDMENT" means Amendment No. 2 to Second Amended and
      Restated Note Agreement, dated as of November 19, 2004, by and among the
      Holding Company, the Company and Prudential."

      (C) "SUBSIDIARY". The definition of "Subsidiary" in Section 10.2 of the
Existing Note Agreement shall be and is hereby amended and restated in its
entirety to read as follows:

            ""SUBSIDIARY" means any subsidiary of the Holding Company; provided,
      however, that (a) in no event shall TBC de Mexico be considered to be a
      Subsidiary for purposes hereof (but, to the extent required by GAAP, shall
      be consolidated in the consolidated financial statements of the Holding
      Company and as such included in the calculation of the covenants in
      Sections 6.1(a), 6.1(b) and 6.1(c)) until such time, if any, as the
      Company's interest in TBC de Mexico exceeds 60%, the Holding Company is
      required by GAAP to consolidate TBC de Mexico into the Holding Company's
      consolidated financial statements, and the Company's equity investment in
      TBC de Mexico exceeds $2,500,000; and (b) no subsidiary under clause (a)
      of the definition thereof shall be considered to be a Subsidiary for
      purposes hereof solely because, under FASB Interpretation No. 46, GAAP
      requires such Person to be consolidated in the consolidated financial
      statements of the Holding Company."

      (D) "WHOLLY-OWNED SUBSIDIARY". The definition of "Wholly-Owned Subsidiary"
in Section 10.2 of the Existing Note Agreement shall be and is hereby amended
and restated in its entirety to read as follows:

            ""WHOLLY-OWNED SUBSIDIARY" shall mean, as to any Person, (a) any
      subsidiary all of whose outstanding Voting Stock is at the time owned
      directly by such Person (including any subsidiary all of whose outstanding
      Voting Stock is at the time owned directly or indirectly by one of such
      Person's Wholly-Owned Subsidiaries) or (b) any partnership, limited
      liability company, association, joint venture or similar business
      organization of which 100% of the ownership interests having ordinary
      voting power are at the time so owned. Unless the context otherwise
      clearly requires, any reference herein to a "Wholly-Owned Subsidiary" is a
      reference to a Wholly-Owned Subsidiary of the Holding Company."
<PAGE>
3.    MISCELLANEOUS AMENDMENTS

      (A) INTRODUCTION. The introductory paragraph of the Existing Note
Agreement is hereby amended and restated in its entirety to read as follows:

            "TBC PRIVATE BRANDS, INC., a Delaware corporation (formerly known as
      TBC Corporation) (together with its permitted successors and assigns, the
      "COMPANY") and TBC CORPORATION, a Delaware corporation (formerly known as
      TBC Parent Holding Corp.) (together with its permitted successors and
      assigns, the "HOLDING COMPANY"), hereby agree with you as follows:"

      (B) NOTICES. Section 11.9 of the Existing Note Agreement is hereby amended
and restated in its entirety to read as follows:

      .     "11.9 NOTICES.

            All written communications provided for hereunder shall be sent by
      first class mail or nationwide overnight delivery service (with charges
      prepaid) and (i) if to Prudential, addressed as specified for such
      communications in the Purchaser Schedule attached hereto or at such other
      address as Prudential shall have specified to the Holding Company in
      writing, (ii) if to any other holder of any Note, addressed to it at such
      address as it shall have specified in writing to the Holding Company or,
      if any such holder shall not have so specified an address, then addressed
      to such holder in care of the last holder of such Note which shall have so
      specified an address to the Holding Company and (iii) if to the Holding
      Company or the Company, addressed to it at 7111 Fairway Drive, Suite 201,
      Palm Beach Gardens, Florida 33418, Attention, Chief Financial Officer,
      provided, however, that any such communication to the Holding Company or
      the Company may also, at the option of the Person sending such
      communication, be delivered by any other means either to the Holding
      Company or the Company at its address specified above or to any Authorized
      Officer of the Holding Company or the Company."
<PAGE>
                                 Schedule 3.7(b)

                           CERTAIN OWNED REAL PROPERTY

Offices and warehouse located at 4770 Hickory Hill Road, Memphis, Tennessee.
<PAGE>
                                  Schedule 3.8

                CERTAIN TRADEMARKS, TRADE NAMES AND SERVICE MARKS

                                 TBC BRANDS, LLC

Trademark Report by Mark                                      Printed:11/18/2004
Country:US                                                                Page 1

<TABLE>
<CAPTION>
COUNTRY                            FILED       APPL#         REGDT       REG#     STATUS
<S>                                <C>         <C>         <C>         <C>        <C>
AIRFLOW
UNITED STATES                      3/18/2004   76/581,898                         PENDING

ARCTIC CLAW WINTER TXI
UNITED STATES                      9/30/2004   76/613,843                         PENDING

ARCTIC CLAW WINTER XSI
UNITED STATES                      9/30/2004   76/613,840                         PENDING

CORDOVAN TOUR PLUS
UNITED STATES                      11/12/2003  76/559,458                         PENDING

CORDOVAN WILD TRAC RADIAL X/RS
UNITED STATES                      12/17/2003  76/565,633                         PENDING

GAUNTLET
UNITED STATES                      3/26/2004   76/582,982                         PENDING

GRAND SPIRIT TOURING LS
UNITED STATES                      12/4/2002   76/472,572  6/15/2004   2,854,718  REGISTERED

NAVITRAC
UNITED STATES                      5/5/2004    76/590,533                         PENDING

OTOS
UNITED STATES                      5/13/2004   76/591,948                         PENDING

POWER KING LOADER GRADER PLUS
UNITED STATES                      3/18/2004   76/581,850                         PENDING

TBC PRIVATE BRANDS
UNITED STATES                      8/12/2004   76/606,744                         PENDING

TBC PRIVATE BRANDS & DESIGN
UNITED STATES                      12/12/2002  76/369,492  2/3/2004    2,811,332  REGISTERED

TOUR PLUS
UNITED STATES                      11/12/2003  76/559,494                         PENDING

TRACMASTER  WINTER XSI
UNITED STATES                      9/30/2004   76/613,844                         PENDING

TRACMASTER WINTER TXI
UNITED STATES                      9/30/2004   76/613,838                         PENDING
</TABLE>
<PAGE>
Trademark Report by Mark                                      Printed:11/18/2004
Country:US                                                                Page 2

<TABLE>
<CAPTION>
COUNTRY                            FILED       APPL#         REGDT       REG#     STATUS
<S>                                <C>         <C>         <C>         <C>        <C>         <C>
VANDERBILT TURBO TECH RADIAL A/SR
UNITED STATES                      12/17/2003  76/565,634                         PENDING     012

WILD COUNTRY TXR
UNITED STATES                      4/8/2004    76/585,613                         PENDING     012

WILD COUNTRY XRT
UNITED STATES                      4/8/2004    76/585,624                         PENDING     N/A

WILD COUNTRY XTX
UNITED STATES                      4/8/2004    76/585,612                         PENDING     012
</TABLE>

                                BIG O TIRES, INC.

Trademark Report by Mark                                      Printed:11/18/2004
Country:US

<TABLE>
<CAPTION>
COUNTRY                            FILED       APPL#         REGDT       REG#     STATUS
<S>                                <C>         <C>         <C>         <C>        <C>
AGGRESSOR
UNITED STATES                      11/10/2003  76/558,468                         PENDING

BIG FOOT
UNITED STATES                      2/17/2004   76/576,412                         PENDING

BIG O TIRES LUBE CENTER
UNITED STATES                      5/19/2004   76/592,994                         PENDING

BIGFOOT COUNTRY & DESIGN
UNITED STATES                      8/3/2004    76/605,325                         PENDING

EURO TOUR
UNITED STATES                      11/8/2002   76/468,502  1/13/2004   2,804,363  REGISTERED

FUGITIVE
UNITED STATES                      11/10/2003  76/558,462                         PENDING

LEGACY TOUR PLUS
UNITED STATES                      11/12/2003  76/559,495                         PENDING

MAMMOTH
UNITED STATES                      11/10/2003  76/558,466                         PENDING

NTW
UNITED STATES                      9/20/2004   76/612,095                         PENDING
</TABLE>
<PAGE>
<TABLE>
<S>                                <C>         <C>         <C>         <C>        <C>
SXP SUPER SPORT
UNITED STATES                      10/8/2004   76/615,918                         PENDING

VENGEANCE
UNITED STATES                      5/5/2004    76/590,532                         PENDING

VENGEANCE RADIAL SPORT
UNITED STATES                      11/10/2003  76/558,465                         PENDING

VENGEANCE SPORT SLX
UNITED STATES                      11/10/2003  76/558,467                         PENDING
</TABLE>

  363691.1

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